||**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**