Charity registration number: 1105598
Happy Days Childcare
Annual Report and Financial Statements for the Year Ended 31 August 2020
David Turner, AIMS Accountancy 32 Caxton House Northampton Science Park Kings Park Road, Moulton Park Northampton NN3 6LG
Happy Days Childcare Contents
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Reference and Administrative Details 1
Trustees' Report 2
Independent examiner's report 3
Statement of financial activities 4
Balance Sheet 5
Notes to the financial statements 6 to 9
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The following page does not form part of the statutory financial statements:
Statement of financial activities per fund
10
Happy Days Childcare Reference and Administrative Details
| Charity name | Happy Days Childcare |
|---|---|
| Charity registration number | 1105598 |
| Principal office | Ecton Brook Children's Centre |
| Ecton Brook Road | |
| Ecton Brook | |
| Northampton | |
| NN3 5DY | |
| Registered office | Ecton Brook Children's Centre |
| Ecton Brook Road | |
| Ecton Brook | |
| Northampton | |
| NN3 5DY | |
| Trustees | Mr Andy Richards, Chair |
| Holley Miller, Vice Chair | |
| Rebecca Birdsall, Treasurer | |
| Secretary | Holley Miller |
| Bankers | Lloyds Bank |
| George Row | |
| Northampton | |
| Accountant | David Turner, AIMS Accountancy |
| 32 Caxton House | |
| Northampton Science Park | |
| Kings Park Road, Moulton Park | |
| Northampton | |
| NN3 6LG |
Page 1
Happy Days Childcare Trustees' Report
Happy Days Childcare continues to be a popular and sought after childcare provision, although there has been a drop in our cohort, this had been expected due to the pandemic and restrictions. Increase in costs also were expected due to the pandemic, with the purchase of PPE and other related costs.
We have provided much need support to parents and children during the pandemic, with online lessons to continue the children’s learning. We have acknowledged that the well-being, not only of the children, but that of the parents was of our paramount importance and we have focused our support there too.
Our holiday playscheme provision has been extremely popular due to other providers not being open last year, fortunately, we have maintained the levels of children coming in.
It is expected with the increase in on-costs, that unfortunately we will be seeking to review our nursery and playscheme charges to offset some of the increases.
The Happy Days Childcare team have gone over and above the expectations required and we are very proud of their resilience during these testing times.
Not much we can say with this years report as Covid has been an interesting time for us all, the staff have been amazing and have not stopped.
Approved by the Trustees and signed on their behalf by:
......................................... ......................................... Mr Andy Richards Rebecca Birdsall Trustee Trustee Date:................................ Date:................................
Page 2
Independent Examiner's Report to the Trustees of Happy Days Childcare
I report on the accounts of the Trust for the year ended 31 August 2020, which are set out on pages 4 to 9.
Respective responsibilities of trustees and examiner
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011(the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
follow the procedures laid down in the General Directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act; and
-
state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
......................................... David Turner, AIMS Accountancy Date:................................
32 Caxton House Northampton Science Park Kings Park Road, Moulton Park Northampton NN3 6LG
Page 3
Happy Days Childcare Statement of Financial Activities for the Year Ended 31 August 2020
| Total | Total | |||
|---|---|---|---|---|
| Unrestricte | Funds | Funds | ||
| d Funds | 2020 | 2019 | ||
| Note | £ | £ | £ | |
| Incoming resources | ||||
| Incoming resources from generated funds | ||||
| Voluntary income | 2 | 144,483 | 144,483 | 158,137 |
| Total incoming resources | 144,483 | 144,483 | 158,137 | |
| Resources expended | ||||
| Costs of generating funds | ||||
| Costs of generating voluntary income | 4 | 138,031 | 138,031 | 155,356 |
| Total resources expended | 138,031 | 138,031 | 155,356 | |
| Net movements in funds | 6,452 | 6,452 | 2,781 | |
| Reconciliation of funds | ||||
| Total funds brought forward | 84,453 | 84,453 | 81,672 | |
| Total funds carried forward | 90,905 | 90,905 | 84,453 | |
All incoming resources and resources expended derive from continuing activities.
The charity has no recognised gains or losses for the year other than the results above.
The notes on pages 6 to 9 form an integral part of these financial statements.
Page 4
Registration number:
Happy Days Childcare Balance Sheet as at 31 August 2020
| 2020 | 2020 | 2019 | 2019 | ||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| Current assets | |||||
| Debtors | 8 | - | 1,080 | ||
| Cash at bank and in hand | 95,557 | 86,442 | |||
| 95,557 | 87,522 | ||||
| Creditors: Amounts falling due within one year |
9 | (4,652) | (3,069) | ||
| Net current assets | 90,905 | 84,453 | |||
| Net assets | 90,905 | 84,453 | |||
| The funds of the charity: | |||||
| Unrestricted funds | |||||
| Unrestricted income funds | 90,905 | 84,453 | |||
| Total charity funds | 90,905 | 84,453 |
Approved by the Board on ................... and signed on its behalf by:
......................................... ......................................... Mr Andy Richards Rebecca Birdsall Trustee Trustee
The notes on pages 6 to 9 form an integral part of these financial statements.
Page 5
Happy Days Childcare Notes to the Financial Statements for the Year Ended 31 August 2020
1 Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities (SORP 2005)', issued in March 2005, applicable accounting standards and the Charities Act 2011.
Fund accounting policy
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Further details of each fund are disclosed in note 12.
Incoming resources
Grants that provide core funding or are of a general nature are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Resources expended
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Costs of generating funds are the costs associated with attracting voluntary income.
Operating leases
Rentals payable under operating leases are charged in the statement of financial activities on a straight line basis over the lease term.
Pensions
The charity operates a defined contribution pension scheme. Contributions are charged in the statement of financial activities as they become payable in accordance with the rules of the scheme.
2 Voluntary income
| Unrestricte d Funds £ |
Total Funds 2020 £ |
Total Funds 2019 £ |
|
|---|---|---|---|
| Donations and legacies | |||
| UK Government grants | 130,690 | 130,690 | 141,849 |
| Other income | 13,783 | 13,783 | 16,278 |
| Interest on cash deposits | 10 | 10 | 10 |
| 144,483 | 144,483 | 158,137 | |
Page 6
Happy Days Childcare Notes to the Financial Statements for the Year Ended 31 August 2020
......... continued
3 Grants receivable
| Unrestricte d Funds £ |
Total Funds 2020 £ |
Total Funds 2019 £ |
||
|---|---|---|---|---|
| UK Government grants | 130,690 | 130,690 | 141,849 | |
| 4 | Total resources expended |
| 4 | Total resources expended | |||
|---|---|---|---|---|
| Donations | ||||
| and | Total | |||
| legacies | ||||
| £ | £ | |||
| Direct costs | ||||
| Cost of goods sold | 6,758 | 6,758 | ||
| Employment costs | 112,108 | 112,108 | ||
| Other direct costs | 687 | 687 | ||
| Establishment costs | 16,714 | 16,714 | ||
| Repairs and maintenance | 599 | 599 | ||
| Office expenses | 494 | 494 | ||
| Subscriptions and donations | 41 | 41 | ||
| Auditors' remuneration | 528 | 528 | ||
| Bank charges | 102 | 102 | ||
| 138,031 | 138,031 | |||
| 5 | Trustees' remuneration and expenses | |||
| No trustees received any remuneration during the year. | ||||
| 6 | Net incoming resources |
Net incoming resources is stated after charging:
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Hire of other assets - operating leases | 16,714 | 17,491 |
Page 7
Happy Days Childcare Notes to the Financial Statements for the Year Ended 31 August 2020
......... continued
7 Employees' remuneration
The aggregate payroll costs of these persons were as follows:
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Wages and salaries | 106,571 | 118,871 | |
| Other pension costs | 5,537 | 4,102 | |
| 112,108 | 122,973 | ||
8 Debtors
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Other | debtors | - | 1,080 |
9 Creditors: Amounts falling due within one year
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors | 1,008 | 960 | |
| Taxation and social security | 3,644 | 2,109 | |
| 4,652 | 3,069 | ||
10 Pension scheme
Defined contribution pension scheme
The charity operates a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the charity to the scheme and amounted to £5,537 (2019 - £4,102).
There were no outstanding or prepaid contributions at either the beginning or end of the financial year.
Page 8
Happy Days Childcare Notes to the Financial Statements for the Year Ended 31 August 2020
......... continued
11 Related parties
Controlling entity
The charity is controlled by the trustees.
12 Analysis of funds
| At 1 | At 31 | |||
|---|---|---|---|---|
| September | Incoming | Resources | August | |
| 2019 | resources | expended | 2020 | |
| £ | £ | £ | £ | |
| General Funds | ||||
| Unrestricted income fund | 84,453 | 144,483 | (138,031) | 90,905 |
13 Net assets by fund
| Unrestricted | Total Funds | Total Funds | ||||||
|---|---|---|---|---|---|---|---|---|
| Funds | 2020 | 2019 | ||||||
| £ | £ | £ | ||||||
| Current assets | 95,557 | 95,557 | 87,522 | |||||
| Creditors: Amounts falling due within one | ||||||||
| year | (4,652) | (4,652) | (3,069) | |||||
| Net assets | 90,905 | 90,905 | 84,453 |
Page 9
Happy Days Childcare Statement of financial activities by fund Year Ended 31 August 2020
| Unrestricte | Unrestricte | |
|---|---|---|
| d income | d income | |
| fund | fund | |
| 2020 | 2019 | |
| £ | £ | |
| Incoming resources | ||
| Incoming resources from generated funds | ||
| Voluntary income | 144,483 | 158,137 |
| Total incoming resources | 144,483 | 158,137 |
| Resources expended | ||
| Costs of generating funds | ||
| Costs of generating voluntary income | 138,031 | 155,356 |
| Total resources expended | 138,031 | 155,356 |
| Net movements in funds | 6,452 | 2,781 |
| Reconciliation of funds | ||
| Total funds brought forward | 84,453 | 81,672 |
| Total funds carried forward | 90,905 | 84,453 |
This page does not form part of the statutory financial statements.
Page 10