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← Happy Kids

2024-03-31-accounts

HAPPY KIDS

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Charity number: 1131849

HAPPY KIDS

CONTENTS

Page
Reference and administrative details of the charity, its trustees and advisers 3
Chair’s Statement 4
Trustees Report 5
Achievements & Performance 6
Independent examiner's report 9
Statement of financial activities 10
Balance sheet 11
Notes to the financial statements 12

HAPPY KIDS

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024

Trustees Mrs E Spitzer Mrs C Adler Mrs C Bleichfeld Mrs T Direnfeld Mr J P Lampin Charity number 1131849 Principal office 26 Oldhill Street London N16 6LB Berish Hoffman FCA Independent examiner Landau Morley LLP 325-327 Oldfield Lane North Greenford Middlesex UB6 0FX

HAPPY KIDS

CHAIR’S STATEMENT

I am pleased to share the Annual Report of the Trustees for the year to 31 March 2024 which has thankfully been a year of steady growth and development.

It’s usually the quieter time of the month when I give myself the pleasure of dropping into our after-school hub. A tantalising smell wafts towards me as I step into the vibrant kitchen to participate in a baking club session. The children are busily forming biscuits of different shapes and sizes. Their creativity and passion are evident as they impart a piece of themselves into each one. But Libby isn’t joining them. She says her dough’s a sticky mess and is about to discard it. Patiently, Esther the instructor, helps Libby add flour and I marvel how a little more substance can fortify and enable. Can we do the same for Libby?

Off to the side, I notice a beautifully decorated birthday cake. I’m told that a staff member stayed on late yesterday to create this masterpiece with Shana. She’s turning nine next week but her mother said that this year she can’t afford a cake for the party. Warm feelings of pride and gratitude overtake me. This display of caring and dedication surely takes the cake.

At Happy Kids we are conscious that rarely will a child be of the cookie-cutter type. Each of them presents with unique ingredients, tastes and circumstances. It takes skill, special techniques and willpower to combine these into something special. To our incredibly capable and devoted staff and volunteers I say, thank you for sprinkling our children’s lives with love and warmth and faith. Continue collecting the titbits they share; for their contributions makes for the most delicious of concoctions.

We are so proud of the progress each of our beneficiaries is making and though we know that life for you is not a piece of cake, struggling as you do with disproportionate amounts of disadvantage, remember that the recipe for success is measuring the right quantities of grin and grit.

Ultimately, we thank our generous donors and funders for stepping up to the plate to nourish underprivileged children with sweet opportunities. Giving of this kind is like having the cake and eating it; for the flavour will forever be savoured.

Please join us as we passionately transform raw components into delectable delights.

Mrs Chaya Bleichfeld Chair

HAPPY KIDS Page | 5

TRUSTEES’ REPORT

The trustees present their report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)’’ (as amended for accounting periods commencing from 1 January 2016)

STRUCTURE, GOVERNANCE & MANAGEMENT

Reference and administrative details are shown in the schedule of legal and administrative information on page 3 of this report.

The trustees who served during the year and up to the date of signature of the financial statements were:

Mrs E Spitzer Mrs C Adler Mrs C Bleichfeld Mrs T Direnfeld Mr J P Lampin

The charity is constituted and governed by a Trust Deed dated 27 September 2007. The charity is managed and controlled by the trustees, who meet regularly.

RECRUITMENT, INDUCTION AND TRAINING

those who are able to promote the objectives of the Charity. The existing trustees will apply suitable induction and training procedures to any new trustee.

RISK MANAGEMENT

The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures mitigate the potential effects of any perceived risks.

SAFEGUARDING AND CHILD

PROTECTION

Rigorous Child Protection and Safeguarding policies and procedures are at the heart of everything we do. This ensures that the welfare of the children in our care is never compromised.

CHARITABLE OBJECTIVES

THE OBJECTS OF THE TRUST ARE:

  1. To advance in life and relieve needs of children who have need by reason of their youth, age, poverty or social and economic circumstances, especially but not exclusively those living in the boroughs of Hackney, Haringey and Barnet through:

(a) The provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life;

New trustees are recruited on the basis of their competence, specialist skills, and

HAPPY KIDS

(b) Providing support and activities, which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.

(c) To advance the education of such children by providing and assisting in the provision of facilities not required to be provided by the local education authority.

  1. The promotion of any other exclusively charitable objects and purposes in the United Kingdom or in any other part of the world such as the trustees see fit, provided always that they be regarded as charitable by the law of England and Wales.

potential and become productive members of mainstream society.

The trustees confirm that they have referred to the guidance outlined in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.

OUR VISION

To alleviate the impacts of circumstantial, developmental or socio-economic disadvantage of children.

OUR MISSION

ACHIEVEMENTS &

To empower every child with the chance to shine. PERFORMANCE

During the year, the charity continued to raise funds, and has applied all of the funds towards activities in furtherance of its objectives.

OUR STRATEGIC AIMS

⬧ To provide user-led, out-of-school programmes, of social, leisure and The Charity received grants totalling developmental benefits to develop £59,094 and donations totalling £174,349 underprivileged children and young people during the year and carried out projects so that they can reach their maximum with total expenditure of £224,530.

HAPPY KIDS Page | 7 OUR PROJECTS AND THEIR IMPACT OCCUPATIONAL AND SPEECH DANCE & SINGING CLUB TREASURE HUNT & LANGUAGE THERAPY Our song and dance clubs Weekly clubs enhanced We provided targeted therapy joyfully involved 130 members, beneficiaries' confidence by treatments for 39 children with fostering creativity and highlighting and nurturing their mild-moderate delays. community spirit. innate strengths. Working with Zisi revealed These sessions taught These sessions made Hudy the power of patience, me that if I stumble, I can feel empowered and cherished, perseverance and hope. make it a part of the dance. creating a sense of pride. Therapist Idy age 9 Hudy’s LSA ~~bb~~ DAY TRIPS SOCIAL SKILLS GROUPS AEROBICS CLUB 201 elated children greatly We facilitated comprehensive Beneficiaries were more enjoyed and gained valuable social skills group sessions for committed to staying active experiences from three 43 children, enhancing their following sessions funded by enriching day trips. interpersonal communication. Sport England. Exploring nature with my Henna’s communication, It was gratifying to see peers felt magical; each moment confidence & social interactions Eli tackle the obstacle course promised a new adventure! have greatly improved. with such willpower and grit. Nissy age 11 A parent Facilitator ~~a~~ n ~~e~~ HOMEWORK CLUB HOLIDAY PLAYSCHEMES ARTS ‘N’ CRAFTS A welcoming, supportive space, Our playschemes stimulated 264 Beautiful crafts were taken where 119 students were guided children, offering hours of joy, home by 263 children in completing assignments. fun, and friendship. delighting one and all. Lea’s academic abilities My child's happiness is The magnificent 850have been transformed. Her contagious; she's thriving, piece diamond art Simi created grades have really improved. making friends and cherishes in honour of my 80[th] birthday She now loves learning. every moment there. filled my heart with joy. Lea’s Teacher Mr B.–Dena’s Dad Simi’s Grandma ~~an~~ e ART/PSYCHOTHERAPY POTTERY CLASSES Numerous children gained Pottery classes offered 45 comforting support and are on children the chance for artistic the road to healing as a result expression, fostering self-esteem of the 1:1 & group sessions. and independence.

gained Pottery classes offered children the chance for artistic expression, fostering self-esteem and independence.

I bear witness to the profound change that these sessions brought about. C. Bleichfeld, Chair

With every spin, we watched their imagination, motivation and animation take form. Project manager

HAPPY KIDS

FINANCIAL REVIEW

The trustees are grateful to have been able to maintain a similar income to the previous year which permitted the charity to expend on activities that met the growing needs of more beneficiaries. This has been enabled by a considerable increase in corporate donations and by the many dependable trusts and foundations whose confidence in our work propels us ever forward. We appreciatively acknowledge Compass Wellbeing CIC, The Tottenham Grammar School Foundation, London Marathon Foundation, The Cherry Family Foundation, The National Lottery Community Fund, The Molly Forster Charitable Trust, Masonic Charitable Foundation, Comic Relief, Sport England, Mind CHWF, Hackney Giving and London Borough of Hackney for their notable contributions. We likewise extend a thank you to The Invesco Cares Foundation, The Woodward Charitable Trust, The Souter Charitable Trust, The Anthony Bourne Foundation and the many others for entrusting us with their funds to bring about better outcomes for children in need. The trustees are satisfied with results for the year shown in the attached financial statements.

RESERVES POLICY

The trustees are grateful to have been able to maintain the reserves level in line with the charity’s policy to hold at least 3 months’ worth of running costs. At the year’s end the charity held £70,592. The trustees are therefore confident of the charity’s sustainability.

PLANS FOR THE FUTURE: Targets for 2024/25

We find ourselves entering our eighteenth year of provision amidst a financial climate that is adversely affecting the third sector. Many valuable causes are competing for smaller pots of funding making it challenging to secure grant funding. Concurrently, rising costs of living is pushing more people over the edge resulting in rising levels of child poverty among our beneficiaries. This means we are faced with greater demand for services that have become costlier. However, we are confident that by diversifying our income streams we will have access to public funds that will continue to support our activities in these trying times. The trustees are therefore confident that the organisation is in a position to continue engaging children in visionary and futuristic activities that will transform their lives and their futures.

The alarming increase in mental health disorders in children will be at the forefront of our planning for the coming years. We know that early intervention can avert escalation and we will continue providing tools for healing and growth, signposting children to alternate provision as necessary. Simultaneously, it is crucial that we continue addressing the academic, physical and social fallout of those disproportionately affected by financial struggles, for these are the greatest determinants for their emotional wellbeing. We will therefore continuously consider the holistic needs of our charges while delivering an expanded range of academic, recreative and therapeutic services. We’re in this together; we will come through stronger. The trustees’ report was approved by the Board of Trustees on 29 January 2025

HAPPY KIDS

INDEPENDENT EXAMINER’S REPORT

I report to the trustees on my examination of the financial statements of Happy Kids (the charity) for the year ended 31 March 2024.

RESPONSIBILITIES AND BASIS OF REPORT

As the trustees of the charity, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

INDEPENDENT EXAMINER'S STATEMENT

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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 that in any material respect:

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 financial statements to be reached.

Berish Hoffman FCA Landau Morley LLP 325-327 Oldfield Lane North Greenford Middlesex UB6 0FX

HAPPY KIDS

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted Restricted Total Unrestricted Restricted Unrestricted Restricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
Notes £ £ £ £ £ £
Income from:
Donations and legacies 2 174,349 59,0942 233,443 114,766 115,896 230,662
Total Income 174,349 59,094 233,443 59,094 233,443 114,766 115,896 230,662
Expenditure on:
Raising funds		 3 3,858 - 3,858 3,633 - 3,633
Charitable activities 4 158,822 61,850 220 0 220,672 92,342 117,793 210,135
Total Expenditure 162,680 61,850 224,530 95,975 117,793 213,768
Net income/(expenditure) and Net income/(expenditure) and
movement in funds 11,669 (2,756) 8,913 18,791 (1,897) 16,894
Reconciliation of funds
Fund balances at 1 April 58,923 3,439 62,362 40,132 5,336 45,468
Fund balances at 31 70,592 683 71,275 58,923 3,439 62,362
March 2024

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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HAPPY KIDS

BALANCE SHEET AS AT 31 MARCH 2024

2024 2023 2023
Notes £ £ £ £
Current assets
Cash at bank and in hand 105,310 310 86,457 457
Creditors: amounts falling due
within one year		 9 (25,529) (25,529) (8,967)
Net current assets 79,781 77,490
Creditors: amount falling due after
more than one year 10 (8,506) (15,128)
Net Assets excluding pension Liability 71,275 62,362
Net assets 71,275 62,362
The funds of the charity
Restricted income funds 11 683 3,439
Unrestricted funds 70,592 58,923
71,275 62,362

The financial statements were approved by the Trustees on 29 January 2025

Mrs C Bleichfeld

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HAPPY KIDS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

The charity is registered in England and Wales and is unincorporated. The address of the principal office is 26 Oldhill Street, London, N16 6LB.

1.1

Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

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HAPPY KIDS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1.5 Resources expended

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year-end are noted as a commitment, but not accrued as expenditure.

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.7 Employee benefits

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

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HAPPY KIDS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

2 Income from donations and legacies

Unrestricted Unrestricted Restricted Total Unrestricted Total Unrestricted Restricted Restricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
£ £ £ £ £ £
Donations and gifts Donations and gifts Donations and gifts 174,349 - 174,349 114,766 - 114,766
Grants Grants Grants - 59,094 59,094 - 115,896 115,896
174,349 59,094 233,443 114,766 115,896 230,662
3 Expenditure on raising funds
Unrestricted Unrestricted
Restricted		 Restricted
Funds Funds
Funds		 Funds
2024 2024
2023		 2023
£ ££ £
Fundraising and publicity
Staff costs 3,858 3,633 3,858 3,633 3,858 3,633
4 Expenditure on charitable activities Expenditure on charitable activities
Charitable Charitable Charitable
activity activity
2024 2023
£ £
Direct costs
Staff costs 47,254 47,254 36,519
Other project costs 109,852 109,852 68,705
Grants to individuals in relief of poverty Grants to individuals in relief of poverty Grants to individuals in relief of poverty Grants to individuals in relief of poverty
-		 - 48,700
Cost of Living support 54,081 54,081 45,670
211,187 211,187 199,594
Share of support and governance costs (see note 5) Share of support and governance costs (see note 5)
Support 7,125 7,125 8,241
Governance
2,360
2,300
220,672
210,135
Analysis by fund
Unrestricted funds
158,822
92,342
Restricted funds
61,850
117,793
220,672 210,135
The charity provided financial support to families to assist with the relief of poverty in
line with its charitable objectives.
_~~£~~

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HAPPY KIDS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

5 Support costs

5 Support costs
Support Support
Governance		 2024 Support Support
Governance		 2023
costs Costs costs costs
£ £ £ £ £ £
Bank charges 1,029 - 1,029 185 - 185
Consultancy 1,430 - 1,430 66 - 66
Office expenses 2,978 - 2,978 3,788 - 3,788
Training 1,226 - 1,226 3,581 - 3,581
Interest payable 462 - 462 621 - 621
Accountancy fees - 2,360 2,360 - 2,300 2,300
7,125 2,360 9,485 8,241 2,300 10,541
Analysed between
Charitable 7,125 2,360 9,485 8,241 2,300 10,541

Governance costs include amounts paid to the Independent Examiner.

6 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

7 Employees

The average monthly number of employees during the year was:

2024 2023 Number Number Part time staff 14 14 Employment costs 2024 2023 £ £ Wages and salaries 51,112 40,152

There were no employees whose annual remuneration was more than £60,000.

8 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

Pa e 16 g |

HAPPY KIDS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

9 Creditors: amounts falling due within one year:

9 Creditors: amounts falling due within one year:
2024 2023
£ £
Bank Loans 6,619 6,456
Trade creditors - 211
Accruals and deferred income 18,910 2,300
25,529 8,967

Bank loans include a Bounce Back Loan taken by the charity as a precautionary measure to cover any potential loss of funding due to Covid-19. Additional donations have been pledged to assist with repayment of the loan.

Accruals and deferred income includes a grant of £16,560 received in advance for use in the year ended 31 March 2025.

10 Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank Loans 8,506 15,128

Bank loans include a Bounce Back Loan taken by the charity as a precautionary measure to cover any potential loss of funding due to Covid-19. Additional donations have been pledged to assist with repayment of the loan.

11 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes relating to various projects operated by the charity:

At 1 April Incoming Resources Balance at Incoming Resources Balance at
2022 resources expended 1 April 2023 Resources expended 31 March 2024
£ £ £ £ £ £ £
£
Recreational clubs - 55,108 (58,505) (3,397) (58,505) (3,397) 19,420 (19,382) (19,382)
(3,359)
Holiday playschemes 1,569 7,630 (7,211) 1,988 17,529 (19,526) (19,526)
(9)
Academic support (50) - - (50) 50 - -
-
Therapies 1,996 16,962 (16,962) 1,996 8,864 (9,851) (9,851)
1,009
Support costs - 3,435 (2,405) 1,030 - (1,030) (1,030)
-
After-school clubs 1,821 16,791 (16,540) 2,072 2,970 (2,000) (2,000)
3,042
Cost of living support - 15,970 (16,170) (200) 10,261 (10,061) -
5,336 115,896 (117,793) 3,439 59,094 (61,850) (61,850)
683

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HAPPY KIDS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

12 Unrestricted funds
At 1 April Incoming Resources At 31 March
2023 resources expended 2024
£ £ £ £
General funds 58,923 174,349 (162,680) 70,592
Previous year: At 1 April Incoming Resources At 31 March
2022 resources expended 2023
£ £ £ £
General funds 40,132 114,766 (95,975) 58,923
13 Analysis of net assets between funds
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 31 March 2024:
Current assets/(liabilities) 79,098 683 79,781
Long term liabilities (8,506) - (8,506)
70,592 683 71,275
Unrestricted Restricted Total
funds funds
2023 2023 2023
£ £
At 31 March 2023: At 31 March 2023:
Current assets/(liabilities) Current assets/(liabilities) 74,051 3,439 77,490
Long term liabilities Long term liabilities (15,128) - (15,128)
58,923 3,439 62,362

14 Related Party transactions During the year, the charity incurred costs of £105,950 (2023: £104,295) payable to Beis Malka Trust in respect of recharged salaries, rent and resources. Mrs C Bleichfeld`s husband is a trustee of Beis Malka Trust.