2021-08-31-accounts

Company re8istrailon no. OS277574 Reglstered Charity No: 1107S47 HAPPY FACES PRE-SCHOOL LIMrrED TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

HAPPY FACES PRE-SCHOOL LIMITED CONTENTS Legal ￿ ￿MInistrat￿e ￿formatIOn Report of the Tru5tÈes Indeppndent ExJmw*rfs Report Statement of Financial Ath"vit•e5 Balancc Sheet Notes 10 rhe F￿alKI￿ staiements 10-14

HAPPY FACES PRE-SCHOOL LIMITED LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 AUGUST 2021 Trusiees Ind Dlrtttors Ernma Hol+ (Chdirl Gemma ￿rter Iresned IQ tcember 20211 Ivcy Chihj Iresned 10 Decembcr 20211 Amber Danch 5am Haywtsod lappoinicd 20 October 20211 Toni Hughes (app￿nted 8 October 2021. resiRned 3 December 20211 Sammy MJnninR lappointed 8 October 20211 R¢Khel SrpviAit (r￿gned 10 December 20211 ja￿ WO0#ef13p￿Inted 15 CKi0￿r 20211 're5iwed a5 a diFEttor on 30 Awil 2021 Seu•tary Amber Oanch (appointed 30 Apfl 20211 KEITY Allgn (res￿1}ed 30 Aprl 20211 R•8lstered Offlce Hpctora8e Road Tonbrld8e Kent TN9 2DS Cory>any N￿rnber 05277J74 Charlty ReilstratSon Numb 1107547 Bankers CAF Bank Lirnited 25 Kings Hill Avenue Kiw Hill Wesi Malb Kent ME194JQ Independeni Examlner A S Ilealey fcA CTA DChA ￿￿ever Fr5￿15 Fer8uy)n Iwnitod Chartered Accountan North House 198 Hi8h siree Torl)rid8e. Kenl TN9 IBE Pagè 1

HAPPY FACES PRE-SCHOOL LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST2021 The Trustee5. (who are 450 ihe dtreciLVS of the company lor lh¥ puiposes nf thp Cornpanies Act) present their report and the knncial gtatemenis ol Happy Faces Prtr5chool Limited lor the year Ènde(I 31 AUBUSI 2021. The TnJ5tees confirm thai the feport financial Statements ol the charty compfv wtih the curreni Statutory requirefTEnt5. the reqviiempnl% nf thp rnnii)any's g¢)vprning documenr. and the provisioTrs ol 'AccountsnR ané Rcporkn'rE by Ch3rities." Staiemenl of RecommendÈd Practice applicable to chariliEs preparing ihlbir ar.ertJuts in ¥cordance with the Financièl Re￿rtIng Standard appkncable in the UK and Republlc of Ireland (FR5102}- leflecEive l January 20191 (Chdril￿5 SCAiP IFRS 10211. Thp. le8al and Adrrriri5tratrve information on page I form5 Part of thi5 re￿rt. Structwe. Governance and M8M¢ement Compony5t•tus Flappy Faces Pre4chool Limited is a tharitable compary limitcd ￿ guarantee and has no share capltal. The Iiabmrty o)f e¥h member In the event vl a wiridilb8 ijp is limited to £1. The company ivas Intorpo¥ated on 4 November 2(M34 and Is £oyernal by a memora￿UM and articles ol as$0¢iéliu11. G¢wernoncecnd Intefnol¢Mtml The Board ol Trustces are rcsponytrAe for Selecti￿ and re(ruiiify sUitabFe trusiees io offke at anytirnE during the iOUF5V uf Iliv ypar. Tlip board shall consist of a Chair. Treasurer. Secretary and not le55 Ihan 2 or morc than 9 other members. The Ch3Trr, Treasurer and $￿TEr4￿ hold office foi a period of one vear but can offer theruc￿e5 for rtrelection. No I)￿rd mcmber can hold office f¢x more than six trar$. We are currently bn the proce5S 4Jf u￿$•t1￿e (wr conslifulion so committee members can seThe for 14 years. Porentlal new trustees are invited to dlttrryj meeiirEs to receive an introdijrtiorn to th? charitrls activitie5, workings. linanccs ord risk assessments. Cuireni and wtential irustees are also en¢ourag2d to allvnd iuur5Es un loFJical suhjpcls relat￿g to directors. The board controls the Ktrits ol the tharitytkyough rcgyLIT mee￿85 ￿ld thro￿hOut the year. Alms and Obj￿11% Alms The object ot the charity 15 thc provision of chl(kare laaliies lor chlldren a8ed iwo to fve years In ihe Tonbr*e area. Happy Faces is a ¢ommunf(v pre-S¢h￿l with a wKle soual rnix aims to irear each child as an indivicluJl Tlie Pre-sthrttsl's goAI is to prDvide a happy and secure environment in vihich each child on rcach their full poiential. HapFry Faces aims to do th15 [hro￿h good quality cale ar¥J Eduialivii for yniing r.hiidren. in a safe set Slimulating environment. Lh,.Idren are Bivc? the frccdom to experience a Ide range of activi1125 irb a F￿¥-bas￿lI itiiiiriiliim. w(Niding the best passible foundation for Pcirnary Sthaol. P&Je 2

HAPPY FACES PRE-SCHOOL LIMITED TRUSTEES. REPORT (continued) FOR THE YEAR ENDED 31 AUGUST2021 In seltinK tle objectives and planninA the activities of the Projpcl thp twustees ha¥e 81.ftn careful con5ide¥ation to the Charity Cthnmi55ionerfs general on publ c benetit and in particular to its supplementsry pubSc benefit guidance adva￿ll￿edI￿tIUn f¢ char8iri8. Oble¢ths The objectives are ser to reflect the local c(wnnwnlty arKI educarional Jim5 a5 well a5 the eihDs ol Ihp Pre-sclw)ol. The hi￿ level objective5 for the year Included: To oller iiswruwiaie play. vducdijon and failities fN bcal pr￿￿h0o1 aged childrerb (tv￿ to five years of 4e},' To encourage parenr5 ro wdersrand WKI FrovTrde for tk ￿edS of their Ihild￿n,. ro be intluyive vrgdniSdliuii V•hich wekomes lami&es frnm different ethnii and cultural bockRrounds arAt actively seek5 to Yalue and respect the dNersit¥ of our mults-.¢drural soclety. Happy Fxes Pr+school ￿kS to bet)efii the publk t￿0￿811 pursui of its stated aim5. Thp Pr•.schnol wp.komes children from aH backerDunds. Ha￿V FatÈs is le8aly obliged to take lu￿ed children Iihose aged three to five years) a5 priorty. and t￿n fmls any remainin8 spaces on Fls roll with thildren aged Irom two to three year& Happy Facc5 15 rcgi5tcrcd on the Rovernment scheme-Fiee for 2., which furtds places lor 2 ye3r olds for up to IJ hour5 per iveek Iihis can be splr( bewween t'o chil&are setb"ng51. The scheme is ro provide 800¢ qualliy early educatlon for dIsa¢Jv￿tè8ed children. a¥ning to improve i￿1r ￿￿1￿1 and cogniiiye outcomes belore they start school. H¥py Faces h39 had 2 year olds on thc roll durinK the year lunded by thi% schpmp. Happy Faces akn xcepts children aged 3 & 4 who are eligible for the 30 hour5 free Early £n￿'tleMenl. Happy Faces h05 had 3 & 4 year okls on the roll during the year fvnded by thts scherne. Regular contact is n￿IntaIned with parents a￿1 carers across the year throl￿h informal rontact and monthly ￿Ws￿lI￿r. Haopy Faces staff work both indeperylently and c105ety wih parents and carers to idenrrfy wherè ti￿re Is a need io enga8e ,lib the lull range ol wider support 5ervice5, includiri¥ hvitliii 51tor5, poeéiatnciaThs. child psythologists, ￿nage. sppech therap¢sts. arKI the Sped￿1st Teachlng SeFViCe. The Pre-school Sends children to a wide raree ol xhgols in t￿ TmbrKlgc area. Reviww of aciiwiies and achiwwn¥nts Th￿ nufflber ol chilLlren to live y¢ars on the Foll at Happy Faces ac1055the year was-. Tcrm l & 2 . Scptember 2U20- December 2020- 52 thildren-12019- Term 3 & 4- lanijary ?n?l - March 2021- 56 chiidren-12020- 611 Term S & 6- Aprol 2021-August 2021- 57 childfen12020- 611 Pag8 3

HAPPY FACES PRE-SCHOOL LIMITED TRUSTEES, REPORT (continued) FOR THE YEAR ENDED 31 AUGUST2021 Happy Faceg is well-known I￿311¥ and man¥ Ch￿dren ccNnc to pr￿$￿001 as a result ol its wsitive wuwd-ol-rnLwili rEputatw)n. Tlie Pl￿%11￿1 is ltsied Kenr fA)iJnty C(iurKiI. the National Child Dirth Trust INCTI and the k)cal library. The I￿al Prknzry Sck4)l also slgn.w)st5 new p&eiils willi appropriately aged children to Happy Face& In addition, c￿ldren We fclcrred to Happy Fxes frcrfn Specsal Educaiional Needs Ser¥ice and the local chddten's centre. Ele¥en members ol stall weye empbyed at Ilapgy Faces durinLT the year. In addrtion. as part of Happv Faces. conne(IFon v4ith the lu(al Ivmmunrly. WLTrik exwrnce i)larpmpr)ts arp. offered to girls from West Kcnt ColleRe lalthou%h this did not harw this year dve to the Ctr•ryd-19 pandemk Happy Faces Is an equal t)pportunliies orgar#sation and is cc¥nmitied to a wurkirig eiivironment that 15 free from form of dtxr1m1r￿i￿Jn on Ihe grounds of colour, racc, ethnitity rel glon, sex, sexual nrientation or dISab￿lty. Reasonable aiu5trnerrt5 il be ma& to meet the rttds 015tall or thildien who are or who become disabled. All st¢ill are dedicated io c0niinurx￿ ￿K￿nal and 1x()f￿s10naI ￿￿￿1)p1rnt the Pfe-school has an eMccptlonaSJy hlRh percentage of Efalned sraff. Happy Faces follows rhe Ear￿ Years FourKldliuii Sia8e Framework ivith SUPK)Ort from a Kent Counly Countil Seiiing knpcovement Parncr. klappy Faces is part 013 collaboration of eight Eady Year settings in Tonbr￿Be and ttie 5wiourKlI￿ area. whpre we share deas and fundiry to further impru4e our settl￿5. Hafvw Faces seek5 tg ￿ at the hEart of the lot31 tomtnuni¢yJ hr)lthry EasÈèT arrfj Chr￿Ma$ raffle5 ènd reBular cake sales to weicomt in and engage K'rth members of the widtsr community, as well as parents and co￿r￿. Aeain. ￿ lundr8isin8 èbxnis t￿)k plA£p. to Covid-19. We are ¢lo5ely monitoring our funds to ensure Y4t h&e eno￿ in reserve sttoubj wc Iwve to make stall redundant andlor close the Pre-schod. nandal Re￿e Resernes Tural incvrre for ye61 Wd5 £181.4?3. up thp. previuJ5 yeèrf5 irKome of £178,100. Costs ￿re £166,283, cornpa￿d with E19l,470 In 2020. Thk resuiied in a 5urplu5 on the geneFal fund of £15,140 12020- defKit of C13J70) for the year arml the balance carried lo￿ard on tho goneral fund at the year- end 15 £137.36712020 - £122.227). The general fwd InCI￿leS t￿ leasehold ryvmi8s (Jf 161.683 and the balance of £75.684 is a'iailable to be spent at the Trustee5' discre¥iOrn In furtheraKe of the charity's objectwe& The charit) seeks to keep a baL4nce in reserves equivalent to 3 monih5 of expèndiiure. Happy Faces sets tees at a level ro cn5ure thc financial viability of the Pre-sc￿001 and in with the earlv vears fundinE prowided by Kent CA)￿ty CnuKil. The p￿-S￿.0lll offers wrap around care be1￿￿en the hours of 08.30 16.C(I, should parenrs an(1 tarers wish to tske zthfint3Be of thi5. Ilieieby tacilitating parents, relurn tts wo￿. Harp'i F￿$ ollers p)yment plans arJ fJc¥ibl¢ methods of paymenr ID <111 pa."en15 wliu rnLry pxiipriencing difficllty in Meeti￿ their lee3 obtiEatiOA. The I lappy Fac￿ Board seefvs to raise lunds lor the pre school throughout the year. Primarity this is one rhrough ¢hr¢e annual fundraising Even15-. E&stvr tlie sutMTrei aiKI Cl)risrmhs fhfflfs. Howpl'er. the P&Je 4

HAPPY FACES PRE-SCHOOL LIMITED TRUSTEES. REPORT (continued) FOR THE YEAR ENDED 31 AUGUST2021 Committee also seeks to othef srnaller hjndla￿in4 artivitie5 e¥h term. lor cxamplE. a children's sponsorècs bounce. Plans lorlhe fuiuwe Happy Faces will contiNe to seek to ¥nprtY4C qualily of the Care li provides. Staff wlll work to) nidiiildiri ill￿11 d%%o'ene54 of lhp. late￿ deveioiynents in nursery aftd pie-school care child developmenr and V4111 contlnue to assess welkbein8 and in¥ol¥ement tu eimiie each Ihild is hrtibtly developed ond encouraged to rneet its lull potential. Ihe Committee will confinue to lundraise In the com5r year. ￿¢h for Happy Face5 and lor ihE willer community. The Commtee will also strNe to encourage r￿le pwents carersio join its btsdy. We lost 6 mcmbers of staff between Fthuary 2020 arvj April 2021 ar￿ rep&ced one las an apprentkel IO Marth ?0?1 and we have taken on another level 3 in October 2021. This moans thac our highest expense has £creased. We will move farwaid b¥ nut emplvyiv¥ airy m¢>rp stsfl unle$5 we absolulv r.eed to in order to meet our rat￿ requiremcnls. Qur part ￿me staff are also wllling to be flexible iri adding pxtfa se.&sions on a temp)rary ba51& On ihis basis we trKpe to rrinimise the likelihood of furthcr finan¢o110sses for the chariiy. ststement of Tru5tee5' REspLmsibllSlles The Tlustees (who are a150 dirertor5 of charitable compary lor the Fwrposes ol company lawl are ponslble for preparin8 The linanclal statemen15 cordanLe w"Ih applKable law and UnitÈd Kingdom General￿AcCepted i)¢¢ount1￿ Practice. Company law require5 the Trustees to prepare finanrial sraiemFrbrs lo." eath finan￿al )edr. Lln(ler thar lavi the Tiustee5 have elected to prepare thc financial state￿.entS in accordance wirh the Unlted Kin8dom Genevalty AILvpieiJ Acco￿lIng PractKe Iunited Kingdom knounting Standards and applicable lawl. Under company law the Tr￿Tte5 musi Mt aA)roTrA the fFndncj4l 5ldt¥iii¥rils iJrilp%s they are satisfied that chey give a true and laif ¥￿VI ol the 5f)i¢ ofr affairs of the ¢haiitable company and of the Incomln8 iesources and 3pplication of res(>uice5. intludi1￿ ihe inc.nmp and expenditure. of rhe ctrofitabk company for that per￿)d. In prepari￿ ihose finarKial siatements. Ihe Trustee5 are reqiJiip(l io: selett suitable accountir,8 policie5 and then apply thcm cony5tcntly. obseNe ih2 mEthod5 and prlnciples In the char￿leS SORP, make judgements aNI est•mares that are reasonable and prudcnt,. state whether applicable UK Acco￿1¢r8 Srar,dards have been foknjed. subjetl to any malgrial departu,'es disdosed arrd eKplained In the fIn￿(la1 statements: prepare the financial staternent5 on 8ow)8 (￿￿Pr￿ basis unle55 it 15 inapproFffiate to pre5umtthat charitablc cornpwywill continue in bwness. The Trustees awe responsible for keepng &Jequth acwuntire records that we 5ufficiwii io sliow aiid explain the charitab',e comp)rty s tra￿tt￿nS and dis¢lose With reasonablc xcurary at lime the financ<ai po￿1110￿ of the cli4tildbl? colli￿111Y And enable them to ensure ihèt the flnana￿ staiernents comply with the c(Knp3nl￿ 21N]6. TW are also respon91ble for sale8uaidiTh8 the 35sets of the Pa￿5

HAPPY FACES PRE-SCHOOL LIMITED TRUSTEES. REPORT (continued) FOR THE YEAR ENDED 31 AUGUST2021 tharit¢ble company and herKe for takiry reasonable sieps for thè pre*ntion and det￿tIl￿ ol fr3L#J and other ￿regUlarit￿$. The above rcport ha5 been prepared in atcordance w'ith the provNons applicable to companie5 subject to the small c<Jmpanies re8ime in Part IS of rhe Companies Act 2006. Thi5 report was approYÈd by the TN6tees on.-..... signed on thelr b¢haW ￿.. Emma Holt Ch•ir Pag# 6

HAPPY FACES PRE-SCHOOL LIMITED

INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 AUGUST 2021

I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 August 2021.

Responsibilities and basis of report

As the trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company’s accounts carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Amy Healey FCA CTA DChA Lindeyer Francis Ferguson Limited Chartered Accountants North House 198 High Street Tonbridge Kent TN9 1BE Dated: 24 May 2022

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HAPPY FACES PRE-SCHOOL LIMITED STATEMENT OF FINANCIAL ACTlVtfiES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGU5T2021 2021 2020 Intome from: DonJtior6 and Rrant5 Ch&iilal)l¥ a¢li¥ilies ree5 Loral Authority f￿)di1 Other [r￿lIng aalviiks Fijn(lIa￿ll7g evp.nts Invesrments 8)nk Inte¥est rec#ivab 5,232 2*+35 135,039 174J25 1,146 I￿2 78 181.423 178.100 Expenditure on: Charlrable actlvities 166,283 191.470 Net incomellexpendlturel net movemenl Sn IS.lÈK) 113.37UI Reconciliation ol fund5 Total funds broLEht forward 122.227 135,597 Tot4 funds tarTied fornard 137,367 1 ??.??7 The￿ were norestrFcted or e￿￿)WMe￿11￿d5 in the current or precEdfftg peFiL¥I. Page 8

HAPPY FACES PRE-SCHOOL LIMITED BALANCE SHEET ASAT31 AUGUST2021 202] 2020 Note Flxed assets: TanBibk assets 61ffi83 73.G05 CwrEnt assets: Debturs Cath at bank and in hand 1.768 L649 59.9¥1 92,472 6?.630 Creditows: amO￿ntS falli1¥ (Je within one year 16,7881 114.9)81 Net tvrrent assets 75.684 48,622 TotAI net assets 137.367 122.227 The fvnds of the chailty: Unrestrirted funds: General fund 137.367 122.227 37,3G7 122.227 for the year in question. the charitable Company was cntstkd to cxemption from Jn a%JJit ￿der section 477 of the Companles 4¢t 2Tr)6 and ihe membets have nut rtquir¥d ihè cliaiiikbip ccmnpany to obtain an audil of its ai.counts lor the year in question in accordance With se¢titsn 476 of the Art. The Exe(UTive CINYwllittpg Kknowledge their restyffi$￿l7iI￿S lor COMp￿.￿g with the requirements of iho C¢)mpanies Act 2LK)6 with respecr io accounrirE recorés and thè preparation of 8c¢ounts. 7he flnancial sratemenis beer) p￿paled bn xwr(JatKe with the provi5)ns a[￿ICab1P to small (nmpanl￿ wtthin Part IS of the Compenies Art 2006. l/q2L.. ar The finanrial stdiern¥iits aPpf￿d by the Executive Committee on ...... . Iheir behall by.. 5isned on Emma Holi Dlreuor and Chalr Company registration no: 05277574 P%e9

HAPPY FACES PRE-SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Atcountlnl pollcles 1.1 Oasls of preparatlon The financial statements have been wepued under the hiStorKal tOSt convcntion and In accordance with the 5taiement of Re¢ommended Pf3¢1ice". Accounting Reportin8 by Charbtles preparin8 their accr)unis iii aiwrdance with the Financial Rep)rtifY Standard arvlirmhlp in the UK and Republic ol Irelaryl IfRS 1021 leltective I january 20191- l-Charilic5 50RP FR5 IU2"1. the Financial Reporting Siaft￿rd applicable in the UK and Republic of Ireland I'FRS 102") and th2 CharitiE5 Ait 2011. The charity constitutes a public benefit eniity as der￿ed by FRS 102. The accounts lie ptesentEd in pwid5 Steilin8 and r(wniled to thè ne¥est pound. There are no materkil unccrtointics about the tharrt¢s ability to continue, and thus the so1￿ ￿￿ern basi5 of accounrin8 ha5 tu be a(knpted. There are no 51¥nifkanl areas ofjiid8Étrmni or Ps1•nati¢￿ wcertainty. 1.1 Incorn• In£ume frorn doitsib)n4 and erants js recogntsed when ihè charity is entitled to funds. the receipt is probablc and the amount can ￿ measvred ieliably. For donations ihls Is usually on receipt. For 8rnnts, this Is usually vihen a lorrnal uff2r 15 rnade in ivritinv unlvss the 8rar ¢oThiains terms and coii(lilions outr&4t of the £harity'5 Control which must be wt before the thartty is entirled to the fwd Income in rclation to fee5 ond Local AutPk)rliV fundlng15 reCO￿lSed in the PEriod in whKh tlie place5 whith the lee5 are chJieed or ihe liJndin8 is reod5 ate cons￿le￿. Inicwie from fuTwJraising ev¥ril5 15 F¥cwilsp(J when thp. pvent tèke5 rAxe. 1.3 Expendlture Liabililies we rpco8n￿l as expenditure as %x)n a5 there is a legal or constructive obligation committing the charily to that eypcndilurc, It 15 probable thai settlement will be requlierl and the amounr requbred io settle the Obli￿l￿n can be m¢dsurèd ieliably. All expenditure 15 accountcd for on an accruals basis. Irre¢overable VAT Is IndL•Jed. E¥pendItU￿ 15 classified under healin8& ihiil *Wdure8al¢ all ¢0sts related to that category. pp(Kt arml go¥errh3￿C Costs have been allo¢ated io the charity'5 one charitsble •Cilvltv. Page 10

HAPPY FACES PRE-SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGU5T2021 A(COunti￿ polkles IconllNed) IA Tan8lbl• Axed assets l eptnditure on fixed assets 15 caFlitali5ed at cost. Tawle th"Kcd assets are slated at cost less depreciatson, which is provk4e¢ ai rates cakulate¢ to write off èach asset over it5 expected usefiil &1, witli leasel)old premises depreciBted on a straiEht line basis ovpr the perigd ol ihe 25 year Ic05c. In 2018 the u5elul lives were revised so thai thc nct book value of leasehold premise5 is depreclated over the remainin8 lease pÈrtrJd to 2026. 1.5 Finaftclal Instrumenis The ch3Tity has fiTrancial wt¥ch arp classifd as basic fiwncial instruments. Sh¢Xt- term debtors and creéitOf5 are rnca5u￿d Jt the settlemeni valL. Any losses from Impairmerf are recoBnised ir the Siatement of Fiftancial A(tr¥ttles. 1.6 Fund accountini Genèial funds afe unrestrlcie¢ fvnds which are available foi use ai Il d'sLr*tion of the trustees i liiiLlie¥biKe of 8pnpral rJbJe£tives ol the Eharity and which tra¥e not been de5ignatcd for other pufposcs. 1.7 Stalus Thc HO￿Y F¥es PrtrSctK)ol ijmiied 15 a charitablè comp3n¥. Imlted by guarantee. regislvred willi Ihe Ch3rlty Commi55ion in ErEland and Woles. lis ie8lSterpd addiess 15 Hectorage Road. Tonbridge, Kpnr, TN9 2DS. In evenr ol the comoan¥ being wotjnd vp. Ihe l￿bilIty in rcspc<t ol the Kuavantee is limited to £1 per mernber of the tharity. Page 11

HAPPY FACES PRE-SCHOOL LIMITED NOTES TO THE FINANCIAL ¥fATEMENTS FOR THE YEAR ENDED 31 AUGUST2021 Ewenditwe on charStsble actmties 2021 2020 Acb¥ity.' Pre-schod educotit¥J Staff ¢osts. (see noie Jl Materi31s/replacement toys Cl)ildien's food and milk Premk5e costs (including repairs ￿ep￿claI￿1n 113,5416 129,267 2.859 897 26,304 11.97? 727 18,345 11.922 Support costs.. Staff cosis- {see noie 3 Insuian Printi￿. P05ta8e and stati¢)n Other cost5 11,451 1,220 I2.￿JG 1.2U2 1,167 4.536 5.57 Gov•rtn¢Mce". Independent examlnatY)n 990 1,260 166.283 191.470 Staff £05ts and rEmuneration ofkty mana8emeni prsonnel 2021 2020 Vlages and salarie5- administeri￿ the charity Wages and salariès- nursery rt311 EFriyliJyvw's Nai￿r¥I Insurance Employers Pen￿ft Cost 11,451 110405 1.859 1,282 12.(E6 J76.4Q6 I,4S2 1.319 174,997 141,323 The aver4¥ nlirriber of emplnyps on a headcount basis wa$ 1112020.. 141. No employee rete1￿d employEe beneht5 in exce55 of L60.(W12020- Nlll. Tlie key F￿r￿Trn￿.l are considerd io be ihe trustees and the prtrschool manager. Ren)uneralion of key management personrKI includin% cmptoyers. nalimal Insufance and pension con:iibulians. wès £26,22512020.. E26.8061. ih¥ year, Ir115tfps rcpr¥Èd any remuneration or Lwnpfits noi reimbursed for arty expenses in their cJpKity a5trustees12020.. Nill. Pa8e 12

HAPPY FACES PRE-SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2021 T￿rIble Axed assets leasehold prwnlses Cost at I Septerr,ber 2020 and 31 August 2021 213.378 Deprttijtio hl I September 2020 D*.preciat￿n chèrge 139.773 IL.922 At 31 Awst 2021 lJl,G95 Nei l)ook value At 31 August 2021 61,683 At 31 August 2020 73,605 Debtors 2021 2Q20 Prepayments 1.268 2,G49 Credttor5: lallin8 due withbn Th)e year 2021 2020 Accrua15 and deferred Income Taxation and social s￿￿rrty 16,253 535 iJ,( 9?0 16,788 Accruals and dÈferr¥d irKome for 2021 includes £1)￿lI2020.. EII.3951 L¢Kèl Avlhgrity fUThj￿g for 2021122 Terms l aThJ 2. Py13

HAPPY FACES PRE-SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2021 ie•se ¢tynmlknents The rharity h ￿a8￿ fo¥ Land with Tonbridue and NtslinE Borough Council wh)ch exy"re5 on 14 Dcccmbcr 2025. A rent of E6W pef amum is currenrty. payable. subject to S ye3rly reviev4. Related party liansa¢iity)s During the ytèr Mr Tim Fuller. husband of rhc prc-5chool run3gef. IWd5 paid £5.85012020" £4.7251 for £artteniw and ge￿[al mainienancè woik carried ov: in the year. Ourin6 thE yvai r.In%g fami member5 of ANib¥i Dancli. Irii%igp. empl￿ed by the charily. Ag6regate rernurLeratK*n iyas £40,65412020'. £42.453). T￿le were no other related pèity tfansacuons. Pa8e 14