Ch8rlty registration number: 1105598 Happy Days Childcare Annual Report and Financial Statements forthe Year Ended 31 August 2023 Alan Thompson 3The Hoo Kempston Bedford MK42 7DQ 11Page
Happy Days Chlidcare Contents Referenee and Administrative Detsiis Trustses. R8POrt 4-5 St8tem8nt of Tru8tee8' Responslbllltles Independent Examiner's Report Statement of Financi81 vItIeS 8818nce Sheet Notes to the Flnanclal St8t8ment8 10-18 21Page
Happy Chlidcare Reference and Admlnlstrntlv• Detslis Mr Andy Richards Miss Holley Miller Mrs Rebecc8 Birdsaii Secrntary Miss Holley Mi118r Prlnclpal Offlco Ecton Brook Children's Centre Ecton Brook Road Ecton Brook North8mpton NN3 5DY Charlty Reg18tr8tlon Numb•r Bankers Lloytss Bank G6or88 Row Northampton Independ¢nt Examlner Alan Thompson 3TheHoo Kempston MK42 7DQ 31Page
Happy Days Chlldcare Trustees, Report Thetrustees presèntthe annual report together wlth the ff nanclal ststomants ol the charlty fortheyeaf ended 31 August 2023. Structure. govern•¢ •nd manaq•m•nt Flnon¢lal In8trum•nts ObJ•ctfv•J andpollel• The charSty'8 8Ctlvltl88 expo$e it io a number of flnanclal rlsk8 Includlng crodit rl$k. cash flow risk and Ilquldbty r18k. The u80 of flnan¢lal def6vative818 gov8rn8d bythe ch8rllY8 pollcles approved by the board of trustgos. which provlde written principle¥ on tho use of financ181 derlvatfvos to manage the88 ri8k8. The ch8rlty doè8 not u89 derlvatlv8 flnanclal InrMentS tor spe¢ul8t+ve purposes. C•¥h flowrlsk The chaTItyS oCtfvltl88 exp088 It prlm8rltyto the financlal Tlsk3 of ch8nge8 In forelgn currency exchange rat88 8nd interest r8tg¥. The oh8rlty uses forelgn exchange forw8rd contract$ and interest rate swap ¢ontr8C18to hedge the88 exp08uie8. Iniorost boailng a888t8 and ilablllt188 are held 8t fixed rate to en8ur8 certalnty of ¢8sh fiow8. Cr•dttrtk The charlty's prln¢lpal fin•ncio1888et8 are bank balances and ¢a$h. trode an¢J other roceiv•bles, ond Inve8tmènt8. Th¢ ¢horfjty'B credlt r18k18 prSmarlly 8ttrlbut8blè to It8 trsde recelvobltr$. Tho amounts presented In th8 b818nca $heet ore net of 8IIow8nce8 for doubtful r6celv8bl88. An allowance for Impalrmeni Is mada where there Is an Idenllfled1088 event whlch, b88ed on prevlous experlence.18 evldence of a roductlon In th¢ reGLworabi1Sty ol the cash flow?. The credli r18k on liquld fund8 8nd derlv8tlve fln8ncl81 In8trument¥ Is Ilmlted because the counierp8rt188 are bank8 wfth hlgh credlt.r8iln88 a8slgn8d by Intgrn8tlon81 credlt-rallng 8ne1&s. The Gharlty h88 no 81gnlficant concentratlon of credll r18k. wlth exposure sproad oN*r a18rge number of Counterpart1 and ¢u$tom¢rs. Llquldltyrl•k In orderio malntsin Ilquldltyto en8uro that 8ufficlent lund8 are 8valLablo for ongolng operatlon8 and luture development8, the charlty uses a mlxlure of long-tem and Short-term dobt Ilnan¢e. Further detolLs regardlng Ilquldlty rf8k can be found In th8 Stalement of 8ccountlng pollcl08 In the ilnanclal 8t8tem&nt$. The annual report W88 8ppr<y4ed bythe trustee8 of the charlty on 10 October 2024 and &ign¢d on Its beh81f ty: Holley Mlller Tru8t8e Rebecca Blrdsau Trustee 41Page
Happy Days Chlidcare Tru$teO8' R•port Happy Days Childcare Is once again fuu. with several 30 hour parents, dedicated gt8ff and an active trustees, both old and new. Th8 stsff. tru8tee3 and parent8 have successfully fundralsed by holding Chrlstm88 fayre, and attending Billing Annu81 Fayre. Temp88t Photos earned us comm188lon on sales and Scholagtlc Book Clubs 80mg free books. The ¢hilaren have had grèat fun wlth 8pe¢181 d8y8 8u¢h 88 World Book Day. Children in Need. We also hed a lovely day out at Gllilvers Land In Kllton Keynes ¥th the w88ther belng good to Th8 charlty's pollcy on rosepS 18 to have 8ufflcl8nt runnlng costs to meet known liablllties and cash flow until grants and tee8 are received. Thore aré no fund8 In deficlt. The ¢h8rfy'8 maln 8our¢e offundlng contlnue8 to be Govemment Fundlng for 3 and 4 year olds. We have also been recelvlng 2 year Fundlng and 30 hour Fundlng. Fundra181ng 8ctlvltle8 help toward3 extra resou9¥ for the cttlidr8n's use and enjoyment W8 are h8PPy to 888 that pL8y8ch8me hes been steadythls year, but we are lookln8 at howwe C8n brlng more chlldren In. Approved by the Trust888 and Slgned on thelr b8h81f by: Holly MILler Trustee Rebecca Blrds811 Tru8t88 51Page
Happy Days Chlidcare ststement of Trustees, Rosponslbllltles The trustees are responsible for preparingthe trustees, report and the financial statements In 8ccordance with the United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accountin8 Practice) and applicable law and regulations. The law applicable to charities reqLtires the trustees to prepare financial statements for each financial year vthich give a true and fair view of the statè of affairs otthe charity and of the Incoming resources and application of resources of the charityforthat period. In preparing th8se fin8nci81 ststements. the trustees are required to: • select suitable accounting policies and then applythem consistently" • observe the methods and principles in the Charbtie8 SORP: . m8keJudgements and estimates that 8r8 rè8sonabl8 and prudent; • st8t8 whether 8ppllcabie accounting standards h8ve been follow8d. sublect to any m*erial departures disclosed and expialned In thefinancial ststements: 8nd prep8r8 thefinancial ststements on the going concern ba3is unless it Is inappropriate to presume that the chartywiii continue in business. The trustees are responsible for k88ping proper accounting records that discloso with reasonable accuracy at any time the financial positlon of the charty and enablo them to ensure that the financlal statements complywith the Charities Act 2011. the applicable Charities (Accounts and Reports) Regu18tions. and the provisions of the constitution. The trustees are also responsib18 for saf8guardingthe assets of the charfty and hence fortaking reasonable steps for the prevention and detection of fr8ud and other irreguLaritie8. Approved tythe trustees of the ch8rty on 10 October 2024 and signed on its behalf by: Holley Mill&r Trustee R8b8cc8 Birdsau Trust88 61Page
Happy Days Chlidcare Ind•pondent Examlner's Report to the trustees of Happy Days Chlid¢aro I report on the accounts Otthe charlty forthe year ended 31 August 2023 which are s8t out on pages 10t018. R•$p•¢tlv• responslblihle8 ottrustees arbd •xamlnor The trustees are responsible for the preparation of the eceounts. The trustees considerthat an audit is not requlred forthis year under sectlon 144(2) ofthe CttÈrftie8 Act 2011 (the 2011 Act) and that an Independent examination is ne8ded. It is my responsibility to: • examine the accounts under section 145 ofthe 2011 Act: . to followthe procedures laid down in the gener8l Directions glven tythe Charlty Commisslon under section 14515)(b) of the 2011 Act; and • tostst8 whether particular matters have come to my attentlon. Ba818 of Indop•ndont •xamln•r* r•port My examination was Carried out in accordance with the general Directions given by the Charlty Commission. An examination includes a review ofthe accounting recor(Is kept bythe charity and 8 comparison of the accounts presented with those records. It also includes consider8tlon of any unusu81 Items or disclosures in the accounts. and seeking explanatlons from you as trustees concerning any Such matters. The proceduros undertaken do not provide allthe evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a'true and falrview. and the repor( is limited to those matters set out in the next ststement. Independent ox8mlnor'• stat•mont In connection with my examination. no m8tter has come to my attention: (11 which gives me r88sonable cause to believe that in any material respect the r8quiroments: to keep accountlng records in accordance yth section 130 ofthè Charities Act 2011: and . to prepare accounts which accord with the accounting records and complywith the 8coounting requirements of the 2011 Act have not been met: or (21 to vthich. In my opinion. attention should be drawn in orderto ènable 8 proper understanding otthe counts to be reached. ian Thompson 3The Hoo Kempston Bedford MK42 7DQ 10 October 2024 71Page
Happy Day8 Chlidcare Statement of Flnanclal Actlvltles fortho Yoar Ended 31 August 2023 Unrestrfctod Totol Fund$ 2023 In¢omg and Endowm•ntslrom: Donations and legacies Inv6stment income Other income 134.189 134.189 Total Income Expendlture on: Raising funds (195,653) 1195,653) Charitable actwities Total Expenditure Net movement in funds (35,078) 135.0781 Roconcluatlon olfvnds Total funds broughtforward Total tunds carried forward 87? Total 2022 Unro8trfctod Funds Note Incom• and Endowm•nts from: Donations and legacies Investment income Other income 137.390 137,390 Tot8l Income Expendlturo on: R8isingfunds Charitsble actNitles (169,026) 1169,0261 Total Expenditure Net movement infunds 17.269) 17,2691 Reconclllatlon otfund• Totalfunds brought forward Total funds carried forward All ofthe charity's 8Ctivitles derive from continuing oper8tions durlngthe above M perlods. The funds bre8kdownft>r 2022 is shown in not813. 81Page
Happy Days Chlidcar• {Registratlon numbor 1105598) Baianco Sheot as at 31 August 2023 2023 2022 Curr•nt aM•t8 Cash at bank8nd In hand 35.170 70,338 Crodltorn: Amount• f•lUnidu• wlthln ono year Net as88t8 Fund8 of th• charlty. Unrestrlct•d Incom• fund• UnrestTiCted funds Total lund8 13 28.972 &4.0 Thè fln8nei81 statemants on pages 10 to 18 wre approved by the trusta88, and authorlsed for 18sue on 27 March2024 and signed ontheirbehalf by: Holley Mlller Trustee Rebecca Blrdsall Tru8t88 91Page
Happy Days Chlidcare Noteg to the Flnan¢l8l Ststements for tho Year Ended 31 August 2023 1 A¢countlnq poU¢lo• Ststem•ntof compll•nc• The flnanci81 statements have been prepared In éccordancewith Accountlng and Reporting by Ch8riile8: Statement ot Recommended Practice applicable to charitles preparlngtheir accounts In accordance with the Financi81 Reporting *8ndard applic8bie in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2015}- ICharlt18s SORP IFRS 10211. the Fin8n¢ial ReportingStand8rd applicable In the UK8nd Republic of Ireland IFRS 102) and the Charities Act 2011. Bas1• of prnpor8tlon Hoppy Days Childcare meetstho definttion of 8 publlc b¢nefit entity under FRS 102. Assets ond liablliti8s gre Initially recognlsed 8t historical cost ortr8nsaGtion value unless otherwise stated in the relevant 8ccountin8 poli notes. Ex•mptlon from PrIng a ¢aJhfi¢>w st•t•m•nt The ¢harSty Opted to early adopt Bulletin 1 publlshed on 2 February 20168nd h8ve therefore not In¢ludgd cash fl¢)w 8t8tement inthe5e financi81 statements. Golni concorn The trustees considerthatthare are no materiol unc8rtaintles aboutthe charlty's abilityto continu8 08 8 going concern. Income ond •ndofft•nts Voluntary income including donations. gifts. lggacies and gr8ntsthat provide core lundingor ar8 of a general nature is recognised when the charity hos entitlement tothe income, It is prob8blo thai the Income WIU be Tè¢8lv¢d and th¢ 8mount can be measured with Sufiicient reli8biUty. Gr•nts rec•lbLo Granis ar8 recognlsed whenthe charity has 8n 8ntltlementto the funds and anycon¢Jltions linked to the gr8nts h8Vo been met. Where performance condliions are attached to the grant and ore yetto be met. the InGome18 Tecognlsed 8s a Ilability and included on the balance sheet as deferred income to b8 released. Inv•stm•nt Incoma Dividends are recognised oncethe dividend has been dec18red and notiticatlon has been received of the dlvldend due. Expondlture All expenditure Is re¢ognised onc8lhere18 a 881 or construdive obligatlontothat exp8nditUfe. it is probable settlemont is required and the amount can b6 m88sured reliably. Ali ¢ost3 8re allocated to the 8ppllcablo expendlture headingthat 8ggreg8te simi18r costs toth8t C8tegory. Where costs Cannot b8 directly 8ttributed to particuL8r headings they hav8 been allocated on a basis consistont with the use of resources. with centralstaff costs allocated oftthe basis of tlme 8pent. and depreciation charges allocated on thè portlon of the as¥etts use. Other support cost8 are 8Uocoted b880d on the spre8d of siaff C08ts. 10IPage
Happy Days Chlidcaro Notos to the Flnanclal Ststements for the Year Ended 31 August 2023 R•l#lngfvnds These are costs Incurred In ottractingvoiuntaryln¢ome. the managementof Investments 8nd tho$8 incurred In tradlng8CtMtiesthat r8i8e funds. G¢)wTnanca costs The80 include the costs attributable to ihe charity8 ¢ompilanc¢ wfth constMutiono1 and statutory requirem9nts. including audit. stratowc man8gement and trustees'¥ meetlngs and reimbur$ed oxpensos. Government grants Government grants are recognised b888d on tha aGcnJ81 model and are measured at the f8irvèlue of the asset received or reCe[ble. Grants are classlfiad os relating oitherto revenue orto assets. Grant8 relatingto revenu8 8re recognised in Income overthe period in whichthe fei8ted Costs are recognised. Grants r81atingto assets are recognlsed overthe expected useful Ilfe of the osset. Whore pert of a grant relatingto an 8sset is defarred. it is recognlsed as deferred incom& Taxotlon The ch8rity18 ¢onsldefed to P888lhe tests set out in P8ragraph 1 Schedule 6of the Finan¢8 knt 2010 and therefore it meets the defInlon of a charit8ble compony for UKcorpor8tion tax purposes. Accordingly. the charlty 18 POtent1811y eMptfrOM taxation in respect of income or capr(al g8ins recelved withln C8te8ori88 cover8d by Ch8Pter 3 Pan 11 of the Corporntion T8xAct 2010 or Saction 256 ofthe Taxation of Charggable G8ins Acl 1992, to the extent that such Income or galns are applled exclusively to ch8rlt8ble purpos88. ash and eqUlety C8sh 8nd ¢ash equivalents MPrISe ¢ash on h8nd 8nd call deposits. and other short-term highly liquld Investm8nts that ore r86dlly convertible to a known amount of ca8h ond ore subjectto an insignrficant risk of change in value. Trad• crndltor• are obligations to pay for goods or servicesthat have been acquired in the ordlnary course of business from suppliers. Accounts payable are ci88sified ès current 118billtlg$ If the does not have 8n unconditional right. atthe end ofthe reporting perlod. to defer settiemeni of the creditorfor at least 1ve months 8ftef the reporting dthe. If there Is an uncondftional right to defer settlemeni fof 8t le88ttWel months aftef the reportlngd8te. tw are presented as non-current li8billtles. ore r8cognised Inftially at thè tr8ns8Ction price 8nd subsequentty measured at amortised cost uslngthe effective interest method. 111Page
Happy Days Chlidcare Notes to tho Flnanclal Statements for the Year Ended 31 August 2023 Intere8t-b8aring borrowings 8re inlilally recorded 8tfalrv81u8. net of tran88¢tlon cosis. Interest-beafing borrowings are subsequently carried at amortisad c¢)st. with the difference between the proceed& net of transoctlon costs. and the amount du8 on redemption belng recogn188d 8s a chargelothe Statement ot Fin8nci81Activities overthe p¢rl¢xl of the relevant borrowln& Interest exp8nse18 f8cogn18ed on the basls of the effectlve intsfe8t method 8nd18 included in interest P8y8blo and simllar ch8rd88. Borrowing5 are cl8ssffled 88 ¢UTT8nt liablliti¢8 unl885 the charity has an unconditional rightto defor settlement of tha liobilityfor at1885t Thvelve months afterthe reportingdate. Fund Structurè Unrestricted income funds are 88netalfundsthat 8re mllablefor use atthe tru8toes'$ discretlon In furtherance of the oblerfive¥ of the ch8rty. Flnan¢l8l Instrurn•nts CI•sslflcatlon Fln8ncio18sseis and fin8ncl8l li8blllties are recognised when the charity beGomeg a p8rtyto the contfactual provislons of the instrument. Financi81 liabilities ond equity instrum8ntS 8re ciasslfied 8ccordingto the substance of the contractual arrangements entered An equity instrument 18 any coniractthot evidences 8 fesidual inierest in ihe 88sets of the charfty after deducting all of it8 liabilities. Recognltlon Jndme•sur•ment Allfinancial assets and Ilabilities are Inltl8Lly m8asuT8d attf8ns8Ctlon price lincludingtransaction costs). exceptforthos8 financial assets classified as atfair v81ue through profit or loss. which are initlally measured attsir v8lu8 Iwhich 1$ normally th8 transaction price excludingtransacilon costs), unless the arrangement constitutes a finonclngtransadion. If an 8rrong8ment constitutes 8 flnan¢ingtransactlon. the flnanci81 asset orfln8nclal Ilability is me88ured atthe presentV8lu8 of th8 future p8yments discounted 8t 8 market rate of interestfor 8 similar debt instrument. Finan¢i8l 8S8etS and Ilabilitios are only offset In thg Statement of fin8nci81 position when. Ond only wh8n there exlsts a legally enforce8bie rightto sèi off the recognised amounts and the ch8rity intend8 either to settle on a net b88i3, orto realise the 888et8nd 8ettie the liabllity simultaneously. Flnancial assets are derecognisad when and onlywhen al the Gontractu81 rightsto the cash flowsfrom thofinanclal 888¢t expire or are Settled, bl the charity tr8nsfers to another p8rty subst8nt1811y all of the Tisks and reward5 of ownershlp of the financiÈl asset. or c}the ch8Tity, despite having retalned some. but not all. significant rlsks and rewards of ownershlp, hastransferred contfolof the 8ssot io another party. Financial liabllltie$ are der8cogn18ed onlyvth8n the obllg8tion specitied in the contract 1$ disch8rg8d. cancelled or explres. 121Page
Happy Days Chlidcaro Notos to tha Flnanclal Ststemonts fof tho Year Ended 31 August 2023 Debt instrumentswhlch meetthe folln8 conditson$ are sub8equenty mgosured at amortised cost u$lngthe 8ffective interest method: lal The contractual return to the holder is r) 8 fixed amount: [Ili a Positive fixed r8te or 8 posItV8r1abI8 rate: or liiil 8 combination of a positi¥E or 8 neg8tNe Ilxed rats and O PQSitNe variable rate. Ibl The contr8Ct may pr(Mdefor repayments of the principal orthe reDJm to the holder Ibut not t)othl to be linked to o single relevant obsep48bLe indexof genernl price inllation of tho cutrency in vthich the debt instwment is dgnominated. prcmded such nkS are not ithwraged. Icl The contr8Ct may providefor a detefminable Yariation of the return tothe holder duringthe lite of lfie instrument. provided that lil the new re sotisfies condltlon lal and thevari8tlon18 not contingent on future events Oth8rthan11} a chang8 of a contractualv8rl8bLe rnte:121 to prot8Ctthe tIder against credlt deterioration ofthe issuer.131 chanys in levies applied tya central bankor arisingfrom changa8 In relevant 18xation or Iw. or lill the naw r8t8 08 8 market roteof inteTest8nd s8tlsfigs¢ondition lal. Idl There is no contrnctual prtyrysion that could. tyltsterms. re¥t inthe h(thr tOsin8lhe prlncip81 8mount or any Interest 8tlrlbuiabi8toth8 cuffent p8rl(Kl or prior p8ric#J& (¢1 ContractU8l pr(wisionsth• pemih Ihe t8SU8rto prepaya debt instnjment or pem)itthe hoiderto pth it bockto thè issuer before m8turtyare contingerrt on fuiure events. otherthanto protect the holder againstthe credi( deterioration of the issueror a change in comrol of the issuer. orto protect the hoLder or issuer ag8inst changes in levies applied tya c6ntrnl bankor arisingfrom ch8nges in r6lev8nttaxation or law. If) ContractU81 prcNisions may permftthe extension of theterm of debt instrufnenL prowdgj thatthe return tothe holdèr 8n¢J 8ny othorcontractuat prcwi8ions appkncabie duringthe extended term satisfythe conditions of parngr8ph8 lal to {c). Debt instfuments that are classified os payable ¢x recervalAewithin oneyaaron initlal recognition and which meet the 8boNB conditions are measured atthe undiscounted amount of the c88h or other considerntion expected to be paid or recei¥Td. rnt of Impaim8nL V<rth the exception of som8 hed&ng instrument& other debt in8twments noi m8etingthese conditlon¥ are me88ur8d at fairv8luethrough profft or los& Commltments to make and recew loans which Mthe cor¥Jitions ManOned 8bo4e are m88surod at cost Iwhlch may be nil) 1888 Imp8lrmenL Invastm•fits Investments in non-conmprtiblg pr8tsrnnce shares and nOFable ordinoryor preference shares Iwhere share8 are publiclytraded ortheirf8lrvalue is reliably me88ur8bLel aro me8sur8d attsirvalue through proflt or lo Whèro18lr¥aiue cant b8 measured reliably. intment981e me8sur8d at cost1888 impairment. Investments in subsodlarfes and 888QCbates are measured at cost ioss impalrm8nt.For in*stments in subsidiaries acquired for consideration includingthe issue of shares qualilw'ngfor meryer rellef. cost is measured by reference tothe nominalvalue of the shares issued plus tsirvaiue of other consideration. Any premium is ignor¢d. 131Page
Happy Days Chlidcar• Nots• to th• Fln•nclal Statsments ft>r the Year Endod 31 August 2023 DorlV&tlfln0ncll In•trum•nt• The charlty uses dèrivative financial instruments to reduce exposure to foreign exchange rlsk and interèst rate movement& The charity does not hold or issue derivatrrfe financial instruments for sp8eu18tlve purposes. Derivatlves are Inltlally recognlgad at f8ir value 8t the dats a derrrfatiV8 contr8Ct1s 8nter8d into 8nd are subsequently reme85ured to their f8irv81ue at 88¢h reporting date. The resultlnB galn or loss is recognised in statement of financial 8Cttviues Immediately unless the derNative 18 de8ignated and effect as a hedging instrument. in which 8%*nt the timin8 of the recognitlon Sn statement offinancial actr4ities depends on the nature of the hedge relatlonshlp. F•lr value m•asurnm•nt Tha best evidence of fair v81ue is a quoted price for an identical asset in an active market. Vlhen quoted prices are un8V8iiable, the prlce of a recenttransaction for an Identical asset provides evldence of lalr value as Long 88 there h88 not been a Significant Change in economlc clrcumst8ncés or 8 significant Lapse of time since the transaction took place. If the market is not active and recent transactions of an identbcal asset on their own are not a good estimate of fail value, the tsir velue is estimated ty using a valuotion technique. 2 Incom• from don•tlon• •nd l•p¢l•• unr••tr1•d Fund• Total 2022 Gr8nts, Includlng capttal grants: Gov8rnm8nt grants 3 Inv••tm•nt Incom• Funds Total Tot•l 2022 Interest récelvable and simliar Income: Interest recelvable on bank deposits Happy Days Chlidcare 141Page
Notes to the Flnanclal Statsmonts forthe Year Ended 31 August 2023 4 Other Incom• Unrnstrlctsd Funds Total 2023 Totsl 2022 General 5 Expendltur• on ral$lngfvnd$ a) C08ts of tradlng Ktlvltlo• Unrestrlcted Fund¥ Total Gonoral 2023 Total 2022 Costs of goods sold Other direct costs of 8Ctlvltles for gener8ting funds 7.322 7.322 21.353 6 An8lysls of govemance and •upport cogts Governanco cost8 Unrestrlctod Fund8 Totsl 2023 Total 2022 G•n•ral Other governance costs 7 Not Incomlngioutgolng ro•Ou8 Net outgolng résources for the year include: 151Page
Happy Days Chlldcarn Notes to th• Flnanclal Ststsmonts fortho Year Ended 31 August 2022 8 Tru•t•e• r•mun•ratlon and exp•n8•• 9 Staff co•ts The aggre8at6 payroll costs were 88 foliowg: Staff c08t• durlngth• y•arw•re: 2023 2022 Wages and 8alarle8 No employee recelved emoluments of more than £60.000 durlngthe year 10 Indopend•nt •xamln•r'• r•mun•ratlon 2023 2022 Oth•r f••• to •xamln•r• The ex8mlnlng of accounts of any as8oc18te of the ch8rlty 161Page
Happy Days ChIldr Notes to the Hn8nclal Statamenti forthe Year Ended 31 August 2023 11 Taxatlon The charity18 a registsred charity and 18 thèrefore exemptfrom taxation. 12 Creditors: amounts felling due within one year 2023 Trade cr8dltor8 Other t8X8tlon and socia 18ecurlty Other credltors 1,325 4,873 1,104 5,183 13 Fund• Boiane• at 1 S•pt•mb•r 2022 Balanc• at 31 Auqu•t 2023 In¢omlng R••ourc•• •xp•nd•d Unr••trlct•d fund• G&neral ats721 lanc• at 1 S•pt•mb•r Incomlni 2021 r••ourc•• Balanc• at 31 Auqu•t 2022 R•8ourco• •xpend•d Unr••trlct•d lund• G8neral 7.1.31.91. J]fj&6461 aZO.9.11 14 Analy918 of net 8388t8 betr*veen fund8 UnM•trlct lunda O•n•ral Totalfund8 Current 88gets 35,170 35,170 Current118bllltles Tot81 net a888t8 171P8ge
Happy Da Chlldcare Notes to tho Flnanclal St•tsments for tho Ye•r Ended 31 August 2023 15 Anatysls of n•t fund• At1 At 31 Auw•t 2023 Cash fiow Cash at bank and in hand Net debt 181Page