Company relistratlon no. 05277574 Registered Charlty No: 1107547 HAPPY FACES PRE-SCHOOL LIMITED TRUSTEES, REI>ORT AND UNAUDITED FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 AUGUST 2025
HAPPY FACES PRE-SCHOOL LIMITED coENTs L1 and Adminlstrattve inftjmiation Report of the Tru5tee5 Independent Examlnerfs Report statement of Financial Actmtles Balance Sheet Note5 to the Financial statements 10-14
HAPPY FA'CES PRE-SCHOOL LIMrrED LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 AUGUST 2025 Trustaes arKI Dlrertors Sue Woodcraft (Chairl Joanne Anderson (resigned 2 October 20241 5am Hay¥wod Iresi8ned 2 October 20241 Clare Smith- Jane Wooster Ireslgned 7 November 20251 Gemma Hawnon {resigned 2 October 20241 Emrna Holt Iresigned 14 November 20251 Liz Tuz Kerry Coleman Danielle Sutton OBen Mccabe (appointed 18 November 2024, resigned 14 November 2025) Oanielle Ashbrook lapwinted 12 November 2024, reSIed 27 January 2025} Se(xetary Clare Smith Re$t¢red Oflke Hectorage Ro•d Tonbridge Kent TN9 2DS Company Number 05277574 Charity Reg5stratlon Numbèr iIO1547 Bankers CAF RHnk Limite 25 King5 Hill AvenLie King5 Hill West Malling Kent ME194JQ Indewndent Examiner James Mathleson FCA Lindeyer Franci5 Ferguson Limlted Chartered Accountants North House 198 High Street. Tortbrid84 Kent TN9 IBE P&ge 1
HAPPYFACES PRE-SCHOOLLIMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees, (who are also the dlrectors of thè, ccthpany for the purposès of Companies Attl present their report and the financlal statement5 Df Happy Faces Pre-sthool Limited for the year ended 31 August 2025. The Trugtees confimi that the report and financlal sratementi of the charity comply with the cUrnt 5tatLrtory requirements. the requirement5 of the companvs governing documenL and the provisions of 'AccDuntinB and Reportillg by Charities.. Statement of Recommended Practice applicable to charitle5 preparlng thelr accounts in accordance with the Financlal Reportirig Standard applic•blÈ In the UK and Republic of Ireland IFR5102f lèffectlve l January 20191 (Chathles SORP IFRS 10211. The Legal and Administrative information on p8ge I form5 part of this report. Structure. 6ty4ernan¢e and Management Compqnystotus Happy Faces Pre-5CtKM)l Limtted is a ¢hèrltable company limited by guarante@ and has no share capital. The liabiltty of each member In the event of a wlndlng up Is Ilmlted to £1. The company was incorporated on 4 November 2004 and is governed by a memorandum and artlcles of assoclatlon. Govemunce L7ndinternal r01 Thc Board of Truet&ES L-e responslble for selecting 2nd Tecruiting suitable trustees to office at any time durin£ tne iour5e tsf thÈ l'ear. Th& bodrd shall consist of a chalr, TreUrer, Secretary and not less than or In:.rf Q Lltl,.Ef ITiETr4e'. < T,, ie Cliklr, T.'P¢SLirFr r I Id SecfeLary, h- lo otijr for ? pFriQff yea, but can oy% er tkiCm5-Ivcr for re-electS01i. Up until DecernbEr 2022 no board mernber c.niild hold offlcè tor more than six years. F¥om 15 Deomber 2022 committee members can serve lor 15 years. Potential new trustee5 are invited to attend board meetinE5 In reco.ive an introductlon to the charitvs attivitie5, workings, finances and risk a55$mentS. Current and potential trustees are also encouraged to attend cour5e5 Qn toplcal subjects latIngtO dirertors. The board controls the acknvities of the tharitythrou8h regular meetin8s held throughout the year. Alm5 and obhpctives Aims The oblett of the charlty Is the po$70n of thildcare facllltles for dblldren 38ed two to five years in the Tonbrtdge area. Happy Faces is a community prtrschogl wlth a Mde sodal mtx and alms to treat ead) thlid as an Indlvfdual. The Pre-schooys goal is to provide a happy and secure environment in whlch eath child Can reach their full potential. Happy FI5 aim5 to do this through good qualty car2 and educatlon for young thlldrèn, In a safe yet stimulating envir¢nmÈrtt. Children a glven the freedom to experlence a wide rare of acuvtiies In a play-based wrrjculurr, provldlng the best F4)ssible foundatlon for Primary School. Page 2
HAPPY FACES PRE-SCHOOL LIMrrED
TRUSTEES, REPORT (continued)
FOR THE YEAR ENDED 31 AUGUST2025
In setting the objertlves and plannlng the aCtItIeS of the charity the trustees have glven carefvl
consideration to the Charity Cornrnissionerfs general guidance on public beneftt ?nd In p4rt1cul4r to rts
supplementary public benef¢ guidance on advanang education and on fee charbin8.
Oblerflves
The objertive5 sèt to reflect the local commun5ty and edurational aims as well as the ethos of the
re-school.
The high-level obJective5 for the year Includèd.,
To offer approprlate play, educatlon and care faalities for local pre-school aged children
(two to five year5 of a8el,'
To encourage parents to understand and provrdè for thè needs of thelr chlldren,,
To an Inclush organi5ation whlch welcomes famllles from different ethnic and
cultural background5 and acttvÈly seek5 to valué and respert the dlver5ity of our multt-
Cultural socw.
Happy Faces Pre-school seeks to benefiLthe publ1¢ through pursuit of its stated airn5.
The Pre-school welcomes children from all backgrounds. Happy Faees is legaliy obllged to take fuled
hildre.n It1Se ti•fE..e J n iive.'ie)r
HAPPY FACES PRE-SCHOOL LIMITED TRUSTEES, REPORT (continued} FOR THE YEAR ENDED 31 AUGUST202S Happy Faces is well-known localty and many chll¢ien come to the pr&5thoDI as o result of its positive word-of-moyth reputatiorL The Pre-sthool is listed by Kent County Council, the Natlonal Child Birth Trust INcn and the local I1 rary. The IDcal Primary School atso 5i8n-posts new parents wSth appropriatety aged children to Happy Face5. In ad4idon. ¢hlldren are referred to Happy Faces fr(n Speclal Educational Need5 Service and the lo1 thildren's centre. An average Df 7 mpmbers of staff were employed at Happy Faces during thè year. In addition, as part of H2ppy Faces, connection with the local cornmunity, work experience placements are offered to students from Trlorth Kent College. Happy Faces 15 an equal opportunities organlsation and is committed to a working environment that 15 free from any form of discrimination on the grounds of colour, race. ethniaty, religion, sex, sexual orientatlon or disability. Reasonable adjustments wlll be made to meet the needs of staff or chlldren who are or who become disabled. All staff are dedicated to continuous Fersonal and professional development and the Pre-school h¥s arh exceptionalty higli percert4ge of tralned staff. Happy Faces follows the Eady Year5 Foundation Stage Framework with support from a Kent County Cauncil Sètting Improvement Partner. Happy Faces Is part of 4 tollaboratlon of eight Early Years settings in Tonbr5dge and the surrounding area. where we share IdEas and fundSng to further Improve our sèttbngs. H3p1 s ! :he IDcal eomrnunity, holding Easter and Christmas raffles and reg.Lil3r cake ¢èlès to y&lcome in and engage wlth members of the viider community, as well as parents and carers. We are Closely monltortng ourftjnds to ensure wre hzve enough in SerVe should we have to Make staff reduridart andi or Catrsf. +F.- Prf-s: Financial RÈVIÈW Reser¥es Total Income for the year was £156.142, cofflpared to the previous yearf5 Income of £IS2A49, Costs wèré £164,112. £ompared WTth £146,875 in 2024. Thls resulted in a deficit on the general fund of £7,97012024: surplus of £5.574} fijr the year and the balance carrled forward on the general fund at the year-end is £103.Ci)512024: £110,975)- The general fund includes fLxed ¥set5 amount to £18.179 ond the balance of £8426 is avallablc to be spent 4t the TrLStees' discretion in furtherance of the chartys objectNèS. The ¢harty seeks to keep a balan In re5erve5 equlvalw)t to 3 months of expendlture. Happy Faces sets fees at a level to ensure the flnaridal vlablllty of the PsChool and In line wlth the early years funding provided by Kent County Councll. The Pre school offers wrap around care betWn the hour5 of 08.30 and 16.00, should parents and Care wish tc take advantage of thls, thereby facllltatlnB parerrt< retum to work. Happy Fates offern payment plans and flextble methols of payment to all parents who may be experlendt)g difficulty In meeting their fees obllgation. The Happy Faces Board seeks to raise funds for the pre4chool throughDllt the year. Prlmarlly thts Is done throu4h three annual fundraising events: Eastor. summer and Christmas raffle5. However, the Page 4
HAPPY FACES PRE-SCHOOLLIMITED TRUSTEES. REPORT (continued) FOR THE YEAR ENDED 31 AUGUST2025 Comrnlttee a150 seeks to hold other Smaller fun¢rabing activitie5 each term, for example. a childrerfs SPOll50red bounce. Plans forthe future Happy Face5 will continue to seek to thprove the qualty of the care it provldes. Staff wlll work to maintain their awareness of the latest development5 in nursery and pre-school re and child devèlopment and will contlnue to assess well-being ar involvement to ensure each child is actively developed and encouraged to meet its full potentlal. The Cornmittee will continue to fundraise in the comin8 year, both for Happy Faces and for the wider community. The Q)mmtee will also strive to encourage more parents and carers to join body. We l¢st I member of staff at the end of Term 6 (July 2D251. who has not been replaced. We will rontinue to not employ any morè staff unless we absolutely need to in order to meet our ratlo requlrements. Our part tlme staff are also wllling to be flexible In adding extra 5e5sions on a temporary basis. On this basis we hope to minimise the likelihood of furtherftnancial losses for the charity- statement of Trustees, Re5ppnsibililies The Trustees (who are also dirertor5 of tharitable company for the purposes of company lawl are respunsiblc foT prepait.g the linanci315tstom£i>, .1 acbordance with applicable law and UnSted Kingdon7 Cienerally A¢¢epted Atc¢JiJnting Practice. Company law requires lh& Trustecs t- prepr& Iiiiancial ststements or èach financial year. Un¢Jer that law the Trustees have elected to preparè the ftnanclal statements sn accordance WTth the United om Gènèrally Acc£"pted AccoLJI-,[ii".£ P"oCt!ce Iunitédrying om •ccounLlYg- Stand3rc£ 2pplicable lawl. Under £ompany law the Tru5teEs rnust not approve the financial Statements unless they are satlsfied that they give a true and fair view of the state of Jffairs of the charitable company and of the Incoming resources and application of re50urEes, inclulllng the income and expendlture, of the charitable company for that period. In preparing those financial statements, the Trustees are required to: select suitable accounting poticies and then apply them consistentty.. obserye the methods and winclples in the charitles50RP: makejudgements and estimates that are reasonable and prudent- state whether applicable UK Account[ Standards have been followed. subie¢t to 3ny material dep8rture5 disd05ed and explalned in the financlal statetnents: preparè the financial statements on the goin8 concern basis unles5 It ts ihappropriate to presume thatthe charitable company wlll contlnue in LIneSS. The Trvstees are resportsible for keeping adequate accounting records that are sufficient to show and explair the charitablè ttsmpans tran5aCtlons and disck>5e with reasonable accuracy at any time the financial posbtSon of the chadtable company and enable them to en$ that the financial Statements cvmply with the Companie5 Act 2006. They are also sponSible for safeguarding the assets of the charkable company and hence for tsking reasonable Steps for the preventlon and detection of fraud and other Irregularlties. Page 5
HAPPYFACES PRE-SCHOOLLIMITED TRusfEES' REPORT (contlnued) FOR THE YEAR ENDED 31 AUGUST2025 The above report ha5 been prepared in accordar& with the pro¥lsiob75 applicable to companles subjert to the Small cornpanies regimp in Part IS of the Comp3nies Art 2006. This report vrds approved by theTrustees on and signed on thelr behair ty: Susan Woodcraft Chair Page 6
HAPPY FACES PRE-SCHOOL LIMrrED INDEPENDENT EXAMINER'S REPORT FOR THE YEAR EIVDED 31 AUGUST2025 I report to the Ltharity trustees on my examination of the aCCDUrts of the charitable comparly for the year ended 31August 2025. R*$ponslbllRles and basls of report A5 thE trustees of the LDmpany land its directQTS for the purp5 of company lawl you are responsible for thÈ preparation of the accounts in accordance with the requlrements of the Companies Att 20061'the 2006 Act'l. Havlng satlsfied myself that the accounts of the compary aTe not required to be audlted under Part 16 of the 2[106 Act and zre ellglble for independènt examination, I report in respect of my examination of the comp3n¢s account5 carried out under 5ertion 14S of the Charttie5 Act 20111.the 2011 ACYI. In carrying ovt my exarnin3tlDn I have followed the Dlrectlons given by the Chartty Commission under section 145151 {bl of the 2011 Art. Independept examlnees ststement I have complèted my examination. I conflrm that no matter5 have come to my attentlon In connection wlth the examlnation givirvd me cause ts believe.. a¢¢ounting records were not kept In respect of the company as required by section 386 of the 2CVJ6 Art; or -, oiir.t¢. OJ not accord with thn#e re.eords', or 3. the account5 do not Comply wtth the 3ccounting requTrements of sÈrtlon 396 of the 21x16 Act other than any requirement that tne accounts givc a 'true and fail view, wnicFI IS nol d [LItter Lonsidered a< Jart cl ao independeiiL examin3tion,' or 4. the attounts have nat been prepared in actordance wlth the method5 and principles of the SraTeineiit of Recc'.Ii'.riL".i Jrc P¢ll1ce feyl ¢CCOUntin% 2nd Teportlng by ch3rftle¢ 2ppllc?ble :D" charities preparing th?ir ac.r.DiJnts in acctsrdèn£e with the Financial Reportlng Standard applicable in the UK and Republic of Irelana IFRS 1021. I have no cOnrnS and have come across no other matters in connection with the examination to whlch attentt.on slk)uld be drawn Sn thls repart in order to Énable a proper understandlng of the ccounts to be reached. Jzm&4 M leson FCA Undeyer Franc15 Ferg0Th Umlted Chartered"Accountsnts North House 198 Hl8h Street Tonbridge Kent TN9 IBE
HAPPY FACES PRE-SCHOOL LIMITED STATEMENf OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST2025 2025 Totol fvnd5 2024 Totol fvnds Note ITKome from: Donadons and Brants Charltable activities Fees and Local Authorlty fiJndinE Other trddlng artlvltles Fundraising events Investments Bank Interest recefvable 634 151.945 149,146 1,740 754 L823 1,746 6,142 152,449 Expenditure on: Chgritable 2ttivities 164,112 146,875 Net lexpenditurel l income and net movement in funds 17,9701 5,574 Reconciliation of funds Total fund5 brought fo?d 110.975 105,401 Total fund5 carried forward ID3.005 110.975 There were no restrirtid or endowmentfvndsln the currentnorpredIn9 period. Page 8
HAPPY FACES PRE-SCHOOL LIMITED BALANCE SHEEr ASAT31 AUGUST2025 2Q25 2024 Note Flxed assets: Tanglble a55ets 18,179 25.917 Current assets: Debtgrs Cash at bank and In hand 4,576 82,184 2.127 84,862 86,760 86.989 Credkors: amount5 falling due wlthin one year 11,934) 11,9311 Net current a5s•Is 84,826 85,058 Totsl net assets 103,005 110,975 The fvnds of the charfty.. Unrestricted funds.. Goneral Ftsnd 103,005 110,975 103,005 110.975 For the year in question, the chzrit3ble company was eiititled to exernption from an audit under soctlon 477 of the Companles Act 2006 avd the members have not reoulred the thadtable company to obtsin an audit of Its accounts forthe year in qucstion in accordante with seLtb)n 476 of the Act. The Lxecutive Committee acknowledg* their responsibilitle5 for comptyin8 Trthth the requlrements of the Companles Act 2006 wrih respect to a¢countlng re¢d5 and the preparatth of accounts. The financlal statemEnt5 have boen prepared in accordante with the provisions appllcable to Small companies wlthln Part IS of the C&)mpanles Act 2CKJ6. Thefinancial statements were approved bythe FxecutNe Committee on... 51gned on thelr behalf by.. .and Susan Woodcr3ft Directorand Chalr Company wlstradon no: 05277574 Page 9
HAPPY FACE5 PRE-SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2025 Accountin¥ pohcles 1.1 Basis of preparaan The financial statements have been prepared underthe historScal cost convention and in atcordance with the Statement of Recommended pract5ce- Accounting and Reporting by Charrties preparing their accounts In a¢cordance with the Flnancial Reportlng Standard applicable in the UK ènd Republic of Ireland IFRS 1021 leffe¢tive l January 20191 1'ChatIeS 50RP FRS 102.1. the Financial Reporting Standard applScablo in the UK and Republic of Ireland I'FRS 102.} and the Charities Act 2011. The thariry con5titute5 a P4Ebiic benefit enLity a5 defined by f RS 102. The accounts are presented in pounds stèrllng and rounded to the nearest pound. There are no material uncertanties about the chartty's ablllty to contlnue, and so the golng concern bas o( a¢counttng has been adopted. There are no Significant areas of judgement or estimation uncertainty. 1.2 Income Incorrie from donations and grants Is cOgnised when the chority is éntitled to the Wi nd5, Ilie receipt J•¢urcd reliably. For donaiions tnis Is usu3lly on receipt. For is rrob.blp ani) tkye aiiiount C<4 be rnc grants, thls 15 115vally when 2 formal Dffèr Is m3dp in writing, unless the grant ¢ontain5 terms and condit:.on5 Qutsioe Oi th& cliat 1:>,! ¢JfiirJl v..Iicii 4 lust bÉ met before tl)e charity is entitled tc, tkie funds. Incomeln relatlon to fees and Local Authorlty fundlng Is rerognisèd in the period in which the plaEe5 for which the fees are Charg OT the funding is re1ved are attended by the children. Income from mllk refunds are retognised when the goods are consumed. Income from fvndraising everts Is reco8n15ed when thè event tskes place. 1.1 ExPenrt LSabilltie5 are recognised a5 expendtture as 500n as there is a legal or construttive obligation comrnittlng the drity to that expendltur& it is probable that settlement will be required and thè amount requlred to settle the oblatron can be measured reliably. Page 10
HAPPY FACES PRE-SCHOOL LIMITED NOTES TO THE FINANaAL sfATEMENTS FOR THE YEAR ENDED 31 AUGUST2025 Accountln8 lia•S (continued) 13 ExpeJ)dltvre (¢ontlnued) l expenditure is actourrted for on an a¢cruals basls. Irrecoverable VAT Is included. Experkdlture is classified under headings that aggregate all costs related to that category. Support and governance costs have been allocated to the charity's one charitsble activlty. IA Tangible FL¥ed assets All expendlture on fixed a55ets is capitalised at tost. Tangible red a55ets are stated at cost less depreclatlon. which 15 provided at rates calculatsd to wrlte off each asset over Sts expected useful life. with leasehold premlse5 depreciat2d on a straight line b45is over thè period of the 25 year lea5 In 2018 the useful lives were revised $0 that the net book value of leasehold premises Is depredated 4)verthe remalning lease period to 2026. 1.5 Flnancial instruments The charity only has financièl instrL5ments which are classified as baslc finanuai instruments. Short- te-, m de.btor< aftrt cTrditnrs are incasured at the settlement value. Any losses from impairment are recogni5ed in thè Staiempnt of FinancS2l Activities. ,6 Fund accounting GEneral . L'nd5 arp unr?Eirlrtèd fiTnJ¢ iwhich ?re !v?ilable for Use at the discretion of tle trurt?er In lurtheranco Df the ge.ner'.l tsbiecli5 01 -,kir ch¥rity èno, which have not been design3tc..d for oiliei" purpose5. The charity has no rcstricted or endowment fur,ds. 1.7 StstUS _ The Happy Faces Pre-school Llmlted Is a charitsble company. liThfced by guarantee. registered with the Charlty Commisslon In England and Wale5. Its registered address Is Hectorage Road. Tonbridge. Kent, TN9 2DS. In the event of the ¢ompany beln8 wound up, the Ilability in respert of the guarantee 15 Ilmlted to £1 per member of the charity. Page 11
HAPPY FACES PRE-SCHOOL UMtrED NOTES TO THE FINANCIAL STATEMENTS FOR ThYE YEAR ENDED 31 AUGUST20Z5 Expènditure on dwrftable actfvities 2025 2024 Act7vity.' Pre-school education Wages and Salaries . nursery staff Materia15 and replacement tQY5 Children's food and milk Premise costs lin¢ludlng repairs) Deprcciation 114.568 1.226 301 19.849 12,862 97.190 1.387 259 22,698 11,922 Supportcostt. Wages and s31arle5- admlntsterlnB the charity Irffjurance PriDtin& postaBe and Staonery Other costs 4,984 L466 691 6.665 4,175 1.322 879 5.783 Governun costs". Independent examination 1s00 1.260 164,112 146,875 Stsff costs and remuneratlcn of key management personnel 2025 ?n?4 Gross salaries Employer's National Insurance Employers Pension tost 114A99 L508 2.14S 99,916 67 I82 119.552 101.365 The ayerage number of employees on a headcount basls was 712024: 81. No employee received employee benefft5 in excess of £60,(0(2024,. NIII. The key management personnel are conshlered to be the trt5 and the wtrschool manager. Remuneratlon of key mana8ement personnel including employers, national Insurance and pension ccintributions, was £37,40412024." £23.1141. DurinB the year. no trustees reEei¥ed any remunerdtion or beneffts norwere relmbuTsed for anyexpense5 in their capacrty3s trustee$12024: NID. Page 12
HAPPY FACES PRE-SCHOOL UMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGusf2025 TaM&lAe Nxed assets Leusehold premise5 Plont ond equipment Total Cost At I September 2024 Additions 213.378 213,378 5.125 5,125 At 31 AuBust 2025 213,378 5,125 218.503 DeprKiati4)n At I September 2024 DePr1¥t1n charBe 187.461 11,923 187A61 IZ.863 At 31 August 2025 199.384 200,324 Net book value August :02 13,994 4.185 18,179 At 31 Au8ustr 2024 25,917 Debtors 2025 2024 Prepayments Other debtors 4.576 2,092 35 4.576 CredTtors: amou faUinKduewithin one year 2025 2024 Attruals and defvred income Taxation and soctal securrty 1,320 614 1,260 671 1,934 1,931 Page 13
HAPPY FACES PRE-SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2025 Finan¢ial commilrnents The chaTrty ha5 a lease for land with TonbrTrd8e and Malllng Borough Councll whlch explres on 14 December 2026. A rent of £600 per annum Is currently payable, subject to 5 ye3rly reviews. Related party Iransactions Durlng the year Mr TIM Fuller, close family of the pre-school manager, was pald £1,350 12024- £1,275) for gardening znd general maintenance work carried out In the year. Page 14