| The Happy Charitable Trust | The Happy Charitable Trust | The Happy Charitable Trust | 1115679 | 1115679 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Receipts andpayments accounts | CC16a | ||||||||||
| For the period from ~~ee~~ |
01.01.2024 Period start date ~~ee ~~ |
To ~~ee~~ |
31.12.2024 Period end date ~~ee~~ |
||||||||
| Section A Receipts and payments | |||||||||||
| Unrestricted funds |
Restricted funds |
Restricted | Endowment funds |
Total funds | Last year | ||||||
| to the nearest £ |
to the nearest | to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | |||||
| A1 Receipts | |||||||||||
| Investment income | 43,939 | - | - | - | 43,939 | 40,841 | |||||
| Interest | 2,134 | - | - | - | 2,134 | 1,095 | |||||
| - | - | - | - | - | - | ||||||
| - | - | - | - | - | - | ||||||
| - | - | - | - | - | - | ||||||
| - | - | - | - | - | - | ||||||
| - | - | - | - | - | - | ||||||
| Sub total(Gross income for AR) |
(Gross income for AR)46,074 |
- | - | - | 46,074 | 41,936 | |||||
| A2 Asset and investment sales, (see table). Sale of investments - - 1,158,418 1,158,418 809,053 - - - - - Sub total - - 1,158,418 1,158,418 809,053 Total receipts 46,074 - 1,158,418 1,204,492 850,988 ~~——————~~ |
|||||||||||
| A3 Payments | |||||||||||
| Grants awarded | 45,000 | 45,000 | 40,500 | ||||||||
| Investment Management fees (VAT | |||||||||||
| inclusive) | 8,224 | 8,224 | 7,670 | ||||||||
| Trust administration fees (VAT inclusive) | |||||||||||
| 11,233 | 11,233 | 12,158 | |||||||||
| Independent Examiners fees | 780 | 780 | 780 | ||||||||
| Cash management fees | 50 | - | - | - | 50 | 26 | |||||
| - | - | - | - | - | - | ||||||
| - | - | - | - | - | - | ||||||
| - | - | - | - | - | - | ||||||
| - | - | - | - | - | - | ||||||
| **Sub total ** | 57,063 | - | - | 8,224 | 65,287 | 61,135 | |||||
| A4 Asset and investment purchases, (see table) Investment purchases - - 1,134,249 1,134,249 818,551 - - - - Sub total - - 1,134,249 1,134,249 818,551 Total payments 57,063 - 1,142,473 1,199,536 879,686 ~~——————~~ |
|||||||||||
| Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
- 10,989 15,945 4,956 - 28,697 10,702 - 10,702 - - 16,496 16,770 33,266 61,963 16,209 - 22,012 38,221 33,266 ~~===>>~~ |
CCXX R1 accounts (SS)
1
Section B Statement of assets and liabilities at the end of the period
| Unrestricted Restricted |
Endowment | |||
|---|---|---|---|---|
| Categories | Details | funds funds |
funds | |
| to nearest £ to nearest £ |
to nearest £ | |||
| B1 Cash funds | - - 22,012 16,209 - - - - - 16,209 - 22,012 OK OK OK Capital account Income account Total cash funds (agree balances with receipts and payments account(s)) ~~—====~~ |
|||
| Unrestricted Restricted |
Endowment | |||
| funds funds |
funds | |||
| Details | to nearest £ to nearest £ |
to nearest £ | ||
| B2 Other monetary assets | - - - - - - - - - - - - - - - - - - ~~——_—~~ |
|||
| Details | Fund to which asset belongs Cost (optional) |
Current value (optional) |
||
| B3 Investment assets | Endowment - 1,874,349 - - - - - - - - Investment portfolio ~~ee~~ |
|||
| Details | Fund to which asset belongs Cost (optional) |
Current value (optional) |
||
| B4 Assets retained for the charity’s own use |
- - - - - - - - - - - - - - - - - - ~~ise~~ |
|||
| Fund to which Amount due |
When due | |||
| Signed by one or two trustees on behalf of all the trustees B5 Liabilities CCXX R2 accounts (SS) |
liability relates (optional) (optional) - - - - Date of approval Print Name Yana Davies on behalf of Ludlow Trust CompanyLimited Signature Details 2 23/10/25 ~~——=~~ |
Trustees’ Annual Report for the period
From 01 January 2024 To 31 December 2024
Charity name: The Happy Charitable Trust Charity registration number: 1115679
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The objects of the charity are to further such objects or purposes which are exclusively charitable according to the law of England and Wales in any part of the world and in such a manner as the trustees may in their absolute discretion think fit. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
In furtherance of the charity’s objects for the public benefit the trustees provide grants. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | In determining the charity’s activities, the trustees have had regard to the Charity Commission’s guidance on public benefit. |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | |
| Policy on social investment including program related investment |
Para 1.38 | |
| Contribution made by volunteers |
Para 1.38 | |
| Other |
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | During the year under review the charity made grants to 9 charities totalling £45,000. |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | At the end of the reporting period the charity had free reserves of £16,209 (2023: £16,496). In addition to the free reserves the charity has bank balances of £22,012 (2023: £16,770) and investments valued at £1,874,349 within the expendable endowment fund. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The Trustees pursue a policy of maintaining a free reserve available to be spent in the furtherance of the charity’s objectives as well as covering future needs, opportunities, contingencies and risks. |
| Amount of reserves held | Para 1.22 | |
| Reasons for holding zero reserves |
Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 | |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 |
Additional information (optional) You may choose to include further statements where relevant about: The charity’s principal sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social investment policy adopted Para 1.46
A description of the principal risks facing the charity Para 1.46 Expendable endowment funds are those which are required to be invested to produce Other income but which may be transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the charity’s objectives. Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 |
Trust deed dated 18 July 2006 |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Trust |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Trustees are appointed by the settlors, or survivors of them, during their lifetimes and subject to this by the trustees. |
Additional information (optional) You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | No trustee received any remuneration or was reimbursed any expenses in the year under review. Ludlow Trust Company Limited was paid £11,233 for trust administration services during the year under review. These fees are authorized under clause 20 of the trust deed. |
| Other |
Reference and Administrative details
| Charity name | The Happy Charitable Trust |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1115679 |
| Charity’s principal address | Trustees Department 1stFloor, Tower Wharf Cheese Lane, Bristol BS2 0JJ |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| Stephen Pankhurst | ||||
| Julie Pankhurst | ||||
| Ludlow Trust CompanyLimited |
||||
20
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| Funds held as custodian trustees on behalf of | others | |
| Description of the assets held in this capacity |
||
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
||
| Details of arrangements for safe custody and segregation of such assets from the charity’s own assets |
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of adviser Name Address Investment Managers Coutts & Co 440 The Strand, London, WC2R 0QS Bankers Coutts & Co 440 The Strand, London, WC2R 0QS Accountants Charter Tax Consulting 8th Floor, 1 Southampton Street, London, Limited WC2R 0LR Name of chief executive or names of senior staff members (Optional information) ~~a~~ Exemptions from disclosure Reason for non-disclosure of key personnel details
~~a~~ Other optional information ~~So~~
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees Signature(s) Full name(s) Yana Davies on behalf of Ludlow Trust Company Limited Position (eg Secretary, Chair, etc) ~~a~~ Date 23/10/25
2025-10-23HappyAccounts
Final Audit Report
2025-10-23
Created: 2025-10-23 By: Estera Rzepus (Estera.Rzepus@ludlowtrust.com) Status: Signed Transaction ID: CBJCHBCAABAAiCFlrRIUR_E4U9libTWCXadZ8uPbm1-L
"2025-10-23HappyAccounts" History
- Document created by Estera Rzepus (Estera.Rzepus@ludlowtrust.com)
2025-10-23 - 9:56:22 AM GMT
Document emailed to Yana Davies (yana.davies@ludlowtrust.com) for signature 2025-10-23 - 9:56:27 AM GMT
Email viewed by Yana Davies (yana.davies@ludlowtrust.com) 2025-10-23 - 10:09:12 AM GMT
- Document e-signed by Yana Davies (yana.davies@ludlowtrust.com) Signature Date: 2025-10-23 - 10:09:29 AM GMT - Time Source: server
Agreement completed.
2025-10-23 - 10:09:29 AM GMT
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name members of The Happy Charitable Trust On accounts for the year 31 December 2024 Charity no 1115679 ended (if any) Set out on pages Financial statements page 1 – 2 Trustees report 3 - 12 (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 December 2024. Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Act or
-
the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
Date: 27/10/2025 Signed: ~~mem| ||~~ Name: Thomas Froud ~~Ps~~ Relevant professional ICAEW (ACA) qualification(s) or body (if any): Address: Ward Goodman Audit Services Limited, 4 Cedar Park, Cobham Road Ferndown Industrial Estate, Wimborne, Dorset, BH21 7SF
October 2018
1
IER
Section B Disclosure
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
October 2018
2
IER