2025-03-31-accounts

HAPPY KIDS

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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 2025

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

The puppet show was in its final scenes when I joined the social skills session last week. So engaged were the children in discussing possible conclusions, no one even noticed I was there. “What if Tim would change his tone and speak gently to Jim?” suggested Debby confidently, passionately even, as she fumbled to get her hand into the puppet to share her line. Evidently, the instructor was captivating children in scenarios of complex interactions so that they model and master the skills for positive relationships and effective communication.

My eyes wander over to Romy, 9, sitting so despondently; so uncharacteristically quiet. What I wouldn’t give to see her smile again. Perhaps puppet therapy could help her process her complex grief following the sudden death of her beloved niece several months ago.

I take shared pride in presenting the Annual Report of the Trustees for the year to 31 March 2025 and invite you to notice how our incredible staff are transforming our characters, one child at a time. With their selfless acts of kindness, they are encouraging their charges to learn and grow through the script of life. Their lived experience has taught them that although no one auditions for a life of multiple challenges we can recreate the props and dress-up so children need not only fantasise of a better future.

Dear members, we’re incredibly proud of the progress you are making. In spite of the dramatic disadvantage playing out in your lives you are performing with charisma and poise. True, fate will always play a role, but the way you re-act is in your hands.

Dear funders, you are the ones pulling the strings that make our beneficiaries dance. Your belief in them continuously brings their inanimate potential into the spotlight. Please join us in producing delightful scenes. Sit back and watch the magic unfold.

Mrs Chaya Bleichfeld Chair

HAPPY KIDS Page | 5

TRUSTEES’ REPORT

The trustees present their report and financial statements for the year ended 31 March 2025.

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 2019)

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.

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.

• ⬧ To improve the conditions of life of children and young people by providing recreational opportunities which they would otherwise be denied. These help them develop new skills, improve their attitude and boost their independence, confidence and resilience.

• ⬧ To promote and advance the education for children and young people especially for those for whom English is an additional Language (EAL's).

• ⬧ To enable children with special needs to fully access our services and to enhance their educational and physical development through targeted one-to-one sessions and/or therapy sessions within specialist facilities such as a sensory room.

• ⬧ To assist working parents, parents of large or dysfunctional families, those with sick/disabled children or who are new immigrants by caring for their children, during out of school hours, in a secure, caring and enabling environment.

ACHIEVEMENTS & PERFORMANCE

OUR MISSION

To empower every child with the chance to shine. 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

The Charity received restricted grants totalling £69,262, unrestricted grants totalling £33,642 and donations totalling £130,777 during the year. Consequently, the charity carried out projects with a total expenditure of £225,770.

• ⬧ To provide user-led, out-of-school programmes, of social, leisure and developmental benefits to develop underprivileged children and young people so that they can reach their maximum potential and become productive members of mainstream society.

HAPPY KIDS Page | 7 OUR PROJECTS AND THEIR IMPACT AEROBICS CLUB DANCE & SINGING CLUB TREASURE HUNT The vibrant weekly sessions A lively, upbeat space where 52 beneficiaries worked bravely fostered commitment of 129 children found their rhythm & and tirelessly to nurture and children to increase physical place, participating with thrill build their inner-self, resilience activity and healthy living. and confidence. and ambitions. Ever since joining Seeing their confidence I’m proud that we’ve aerobics classes, I no longer and joy each week made this a enabled children to build innerstruggle with weight gain. truly rewarding experience. strength and develop self-worth. . Maya, age 9 Dance instructor Trustee ~~ae~~ ARTS ‘N’ CRAFTS HOMEWORK CLUB DAY TRIPS 49 proud children completed 112 children confidently tackled 254 delighted children shared magnificent crafts, delighting their homework assignments in a discoveries, laughed together, their families. cozy, supportive setting. and showed great team spirit. Our home is adorned with Since joining your Watching them marvel at Shana’s most beautiful homework club, Naomi no longer new sights, explore nature and masterpieces thanks to the arts avoids doing her homework; she enjoy spending time with friends ‘n’ crafts sessions. actually enjoys it. was so gratifying. Shana’s sister Naomi’s Dad Youth worker s ~~es~~ SOCIAL SKILLS GROUPS OCCUPATIONAL AND SPEECH HOLIDAY PLAYSCHEMES Focused initiatives helped 94 & LANGUAGE THERAPY Our playschemes brightened the children improve their Targeted activities and structured days of 271 children, creating communication skills, manage routines improved children’s hours of laughter, play, and conflicts and form friendships. integration and independence. camaraderie. Relly used to interrupt With each small, achievable Only at Happy Kids am I so class often; she’s learnt to wait goal, Lilly became calmer, lucky to have such fulfilling and her turn and listen to others. more confident and focused. amazing experiences. . A Teacher Therapist Rina, age 10 e ~~as~~ POTTERY CLASSES ART/PSYCHOTHERAPY A creative outlet for 46 children Multiple sessions nurtured skill to express themselves, develop and spirit, providing tools that hands-on skills, patience, and helped children focus, regulate artistic problem-solving. emotions and build coping skills.

The therapist has evidently empowered children to celebrate victories and keep trying. Clinical supervisor

Working with clay taught Laily persistence as she learned to shape each piece patiently. Laily’s mother

HAPPY KIDS

FINANCIAL REVIEW

It is with much gratitude that the trustees acknowledge the generous donations and grants that have enabled our wide-reaching delivery this year. It isn’t only the philanthropic support that keeps us giving, but their generosity of spirit that keeps us striving. The unstinting support from Postcode Society Trust, The Tottenham Grammar School Foundation, The National Lottery Community Fund, London Community Foundation, London Marathon Foundation, Masonic Charitable Foundation, Comic Relief and Alchemy Foundation has once again been invaluable while the new grant funders, Hobson Foundation and N Smith Foundation have infused us with hope and scope. We likewise acknowledge the considerable increase in generous corporate donations and by the many dependable individuals whose confidence in our work propels us ever forward. 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 £71,155. The trustees are therefore confident of the charity’s sustainability.

PLANS FOR THE FUTURE: Targets for 2025/26

Entering our nineteenth year of provision means that we no longer fear the challenges that we know the future might bring. For we know that in spite of the increasingly complex needs of our beneficiaries amongst whom child poverty is rising at an alarming rate, we will continue to be at the forefront of provision ensuring that they can look towards the future with positivity and stability. Even if it means reanalysing, reconsulting and reshaping.

We are also certain that notwithstanding the competitive and declining funding climate, the magnanimous spirit of our society will bravely endure. Even if this means further diversifying funding streams, making economies, and recruiting, training and retaining more volunteers.

Ensuring the mental and emotional wellbeing of our children will continue to be at the core of our services 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. Concurrently, it is crucial that we continue addressing the harsh repercussions that poverty is having on the academic, physical and social success of such children whose circumstances are wreaking havoc on their greater welfare. We must combat that by delivering an expanded range of academic, recreative and therapeutic services.

This is our calling; we feel privileged to answer. The trustees’ report was approved by the Board of Trustees on 26 January 2026 Mrs C Bleichfeld

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 2025.

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.

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

INDEPENDENT EXAMINER'S STATEMENT

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements 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 UK Generally Accepted Accounting Practice.

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:

• 1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011.

• 2 the financial statements do not accord with those records; or

• 3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statement give a true and fair view which is not a matter considered as part of an independent examination.

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 2025

		Unrestricted	Restricted	Total	Unrestricted Restricted	Unrestricted Restricted	Total
		funds	funds		funds	funds	funds
		2025	2025	2025	2024	2024	2024
	Notes	£	£	£	£	£	£
Income from:
Donations and legacies	2	164,419	69,262	233,681	174,349	59,0942	233,443
Total Income		164,419	69,262	233,681	174,349	174,349 59,094 233,443	59,094 233,443
Expenditure on:
Raising funds	3	4,616	-	4,616	3,858	-	3,858
Charitable activities	4	159,240	61,914	221,154	158,822	61,850	220,672
Total Expenditure		163,856	61,914	225,770	162,680	61,850	224,530
Net income and
movement in funds		563	7,348	7,911	11,669	(2,756)	8,913
Reconciliation of funds
Fund balances at 1 April 2024		70,592	683	71,275	58,923	3,439	62,362
Fund balances at 31		71,155	8,031	79,186	70,592	683	71,275
March 2025

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 2025

			2025			2024	2024
	Notes	£		£	£		£
Current assets
Debtors	9	8,180	8,180		-	-
Cash at bank and in hand		86,249	86,249		105,310	105,310
		94,429	94,429		105,310	105,310
Creditors: amounts falling due	10
within one year		(13,525)	(13,525)		(25,529)
Net current assets				80,904			79,781
Creditors: amount falling due after
more than one year	11			(1,718)			(8,506)
Net assets				79,186			71,275
The funds of the charity
Restricted income funds	12			8,031			683
Unrestricted funds	13			71,155			70,592
				79,186			71,275

The financial statements were approved by the Trustees on 26 January 2026

Mrs C Bleichfeld

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HAPPY KIDS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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 2019). 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. 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. 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.

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HAPPY KIDS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1.6 Cash and cash equivalents

• 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.

1.7 Financial Instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

1.8 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

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 2025

2 Income from donations and legacies

2		Income from donations and legacies	Income from donations and legacies
		Unrestricted		Restricted	Total	Unrestricted	Restricted		Total
			funds	funds		funds	funds
			2025	2025	2025	2024	2024		2024
			£	£	£	£		£	£
Donations and gifts	Donations and gifts		130,777	-	130,777	174,349		-	174,349
	(Including corporate
	and individual giving)
Grants	Grants		33,642	69,262	102,904	-	59,094		59,094
			164,419	69,262	233,681	174,349	59,094		233,443
3		Expenditure on raising funds
						Unrestricted		Unrestricted Unrestricted
							Funds	Funds Funds	Funds
							2025	2025 2024	2024
							£	££	£
		Fundraising and publicity
		Staff costs					4,616 3,858	4,616 3,858	4,616 3,858
4	Expenditure on charitable activities		Expenditure on charitable activities
						Charitable		Charitable	Charitable
							activity		activity
							2025		2024
							£		£
		Direct costs
		Staff costs					54,953	54,953	47,254
		Other project costs					152,518	152,518	91,852
		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 -	-	15,000
		Cost of Living support					3,000	3,000	57,081
							210,471	210,471	211,187
		Share of support and governance costs (see note 5)
		Support					8,233	8,233	7,125
Governance 2,450 2,360 221,154 220,672 Analysis by fund Unrestricted funds 159,240 158,822 Restricted funds 61,914 61,850 221,154 220,672 The charity provided some 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 2025

5 Support costs

5 Support costs
	Support	Support Governance	2025	Support	Support Governance	2024
	costs	Costs		costs	costs
	£	£	£	£	£	£
Bank charges	1,961	-	1,961	1,029	-	1,029
Consultancy	3,048	-	3,048	1,430	-	1,430
Office expenses	2,793	-	2,793	2,978	-	2,978
Training	130	-	130	1,226	-	1,226
Interest payable	301	-	301	462	-	462
Accountancy fees	-	2,450	2,450	-	2,360	2,360
	8,233	2,450	10,683	7,125	2,360	9,485
Analysed between
Charitable activities	8,233	2,450	10,683	7,125	2,360	9,485

Governance costs include amounts payable 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:

==> picture [490 x 136] intentionally omitted <==

----- Start of picture text -----
2025 2024
Number Number
Part time staff 14 14
Employment costs 2025 2024
£ £
Wages and salaries 59,569 51,112
There were no employees whose annual remuneration was more than £60,000.
----- End of picture text -----

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HAPPY KIDS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

8 Taxation

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

9 Debtors	9 Debtors
		2025	2024
Amounts falling due within one year	Amounts falling due within one year	£	£
	Trade debtors
	Prepayments and accrued income	6,180	-
		2,000	-
		8,180	-
10 Creditors: amounts falling due within one year:	10 Creditors: amounts falling due within one year:
		2025	2024
		£	£
Bank Loans	Bank Loans	6,786	6,619
Trade creditors	Trade creditors	4,339	-
Accruals and deferred income	Accruals and deferred income	2,400	18,910
		13,525	25,529

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 Creditors: amounts falling due after more than one year

2025 2024 £ £ Bank Loans 1,718 8,506

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

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HAPPY KIDS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

12 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:

	Balance at	Incoming	Resources	Balance at
	1 April 2024	Resources	expended	31 March 2025
	£	£	£	£ £
Recreational clubs	(3,359)	11,880	(9,158)	(9,158) (637)
Holiday playschemes	(9)	36,685	(30,941)	(30,941) 5,735
Therapies	1,009	17,547	(16,569)	(16,569) 1,987
After-school clubs	3,042	3150	(5,246)	946
	683	69,262	(61,914)	(61,914) 8,031
	Balance at	Incoming	Resources	Balance at
	1 April 2023	resources	expended	31 March 2024
	£	£	£
Recreational clubs	(3,397)	19,420	(19,382)	(3,359)
Holiday playschemes	1,988	17,529	(19,526)	(9)
Academic support	(50)	50	-	-
Therapies	1,996	8,864	(9,851)	1,009
Support costs	1,030	-	(1,030)	-
After-school clubs	2,072	2,970	(2,000)	3,042
Cost of living support	(200)	10,261	(10,061)	-
	3,439	59,094	(61,850)	683

13	Unrestricted funds
	At 1 April	Incoming	Resources	At 31 March
2024 resources expended 2025 £ £ £ £ General funds 70,592 164,419 (163,856) 71,155 Previous year: At 1 April 2023 Incoming resources Resources expended At 31 March 2024 £ £ £ £ General funds 58,923 174,349 (162,680) 70,592 ~~—_~~

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HAPPY KIDS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

14	Analysis of net assets between funds
		Unrestricted	Restricted	Total
		funds	funds
		2025	2025	2025
		£	£	£
	At 31 March 2025:
	Current assets/(liabilities)	72,873	8,031	80,904
	Long term liabilities	(1,718)	-	(1,718)
		71,155	8,031	79,186
		Unrestricted	Restricted	Total
		funds	funds
		2024	2024	2024
		£		£
At 31 March 2024:	At 31 March 2024:
Current assets/(liabilities)	Current assets/(liabilities)	79,098	683	79,781
Long term liabilities	Long term liabilities	(8,506)	-	(8,506)
		70,592	683	71,275

15 Related Party transactions

During the year, the charity incurred costs of £114,430 (2024: £105,950) 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.