| PAGE | |||
|---|---|---|---|
| Trustees' | annual report |
||
| Independent examiner's |
report to the trustees | ||
| Statement | offinancial | activities | |
| Statement | offinancial | position | |
| Statement | ofcash flows | 10 | |
| Notes to | the financial statements |
| Registered charity | Registered charity | name | Happydays | Ministries | Ministries | UK | |||
|---|---|---|---|---|---|---|---|---|---|
| Charity registration | number | 1157527 | |||||||
| Principal office | Greycourt | House | |||||||
| 160King | Cross | Road | |||||||
| Halifax | |||||||||
| West Yorkshire | |||||||||
| HX1 3LN | |||||||||
| The Trustees | N RGemmel | ||||||||
| GP Henderson | (Chair) | ||||||||
| KTeague | |||||||||
| M Rose | |||||||||
| C Walker | (Served from | 1 April 2022 to | |||||||
| 3February | 2023) | ||||||||
| N Chance-Thompson | (Appointed | 27 July 2022) | |||||||
| SWilson | (Appointed | 13 October 2022) | |||||||
| Independent | Examiner | SRShacklock FCA | |||||||
| Equitable | House | ||||||||
| 55Pelion | Lane | ||||||||
| Halifax | |||||||||
| West Yorkshire | |||||||||
| HX1 5$P |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||
| funds | funds | Total funds | Total funds | |||
| Note | 5 | |||||
| Income and endowments | ||||||
| Donations and legacies |
4 | 104,579 | 222,608 | 327,187 | 220,185 | |
| Charitable activities |
5 | 471,881 | 471,881 | 485,050 | ||
| Other trading activities | 6 | 262 | 262 | 3,489 | ||
| Investment income |
7 | 179 | 179 | |||
| Other income | 8 | 157,414 | 157,414 | 11,938 | ||
| Total income | 734,315 | 222,608 | 956,923 | 720,662 | ||
| Expenditure | ||||||
| Expenditure on raising funds: |
||||||
| Costs ofother trading activities | 9 | 14,231 | 14,231 | 3,917 | ||
| Expenditure on charitable activities |
10,11 | 659,593 | 166,646 | 826,239 | 740,026 | |
| Total expenditure | 673,824 | 166,646 | 840,470 | 743,943 | ||
| Net income/(expenditure) | 60,491 | 55,962 | 116,453 | (23,281) | ||
| Other recognised gains |
and losses | |||||
| Gains from revaluation | offixed assets | 232,729 | ||||
| Net movement in funds |
60,491 | 55,962 | 116,453 | 209,448 | ||
| Reconciliation offunds | ||||||
| Total funds brought forward | 1,713,637 | 40,829 | 1,754,466 | 1,545,019 | ||
| Total funds carried forward | 1,774,128 | 96,791 | 1,870,919 | 1,754,467 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| FIXEDASSETS | ||||||
| Tangible fixed assets | 17 | 1,548,154 | 1,522,758 | |||
| CURRENT ASSETS | ||||||
| Debtors | 18 | 73,532 | 45,488 | |||
| Cash at bank and in hand | 387,151 | 270,760 | ||||
| 460,683 | 316,248 | |||||
| CRKDITORSi amounts | falling due | |||||
| within one year | 19 | 127,727 | 65,099 | |||
| NKT CURRENT ASSETS | 332,956 | 251,149 | ||||
| TOTAL ASSETSLESSCURRENT | ||||||
| LIABILITIES | 1,881,110 | 1,773,907 | ||||
| CREDITORS: amounts | falling due | |||||
| after more than one year | 20 | 10,191 | 19,440 | |||
| NKT ASSETS | 1,870,919 | 1,754,467 | ||||
| FUNDS OFTHK CHARITY | ||||||
| Restricted funds | 96,791 | 40,830 | ||||
| Unrestricted funds: |
||||||
| Revaluation reserve |
1,455,769 | 1,455,769 | ||||
| Other unrestricted | income funds | 318459 | 257,868 | |||
| Total unrestricted funds |
1,774,128 | 1,713,637 | ||||
| Total charity funds | 23 | 1,870,919 | 1,754,467 |
| 2023 | 2022 | |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income/(expenditure) | 116,453 | (23„281) |
| Adj ustnrents for: | ||
| Depreciation oftangible fixed assets | 7,173 | 7,330 |
| Net gains on investments | (682,729) | |
| Other interest receivable and similar income |
(179) | |
| Interest payable and similar charges |
3,830 | 4,624 |
| Accrued expenses/(income) | 4,830 | (7,354) |
| Changes in: | ||
| Trade and other debtors | (28,044) | (5,339) |
| Trade and other creditors | 56,943 | 9,882 |
| Cash generated from operations |
161,006 | (696,867) |
| Interest paid | (3,830) | (4,624) |
| Interest received | 179 | |
| Net cash from/(used in) operating activities |
157&355 | (701,491) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchase oftangible assets | (32,569) | (3,348) |
| Other investing cash flow adjustment |
682,729 | |
| Net cash (used in)/from investing activities |
(32,569) | 679,381 |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from borrowings | (8,395) | (7,619) |
| Net cash used in financing activities |
(8,395) | (7,619) |
| NKT INCREASE/(DECREASE) IN CASH AND CASH |
||
| EQUIVALENTS | 116,391 | (29,729) |
| CASH AND CASH EQUIVALENTS AT BEGINNING OFYEAR | 270,760 | 300,489 |
| CASH AND CASH EQUIVALENTS AT END OF YEAR | 387,151 | 270,760 |
| Depreciation | Depreciation |
|---|---|
| Depreciation is calculated so asto write offthe cost orvaluation ofan asset, less its residual value, |
|
| over the useful economic life ofthat asset as follows: | |
| Motor vehicles 25%reducing balance |
|
| Office equipment 33%straight line and 15%reducing |
balance |
| 4. | DONATIONS AND LEGACIES |
DONATIONS AND LEGACIES |
||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2023 | ||||
| 6 | ||||||
| DONATIONS | ||||||
| Donations | 51,650 | 15,243 | 66,893 | |||
| Local giving | 35,517 | 35,517 | ||||
| Gift aid | 16,931 | 16,931 | ||||
| GRANTS | ||||||
| Grants | 481 | 207,365 | 207,846 | |||
| 104,579 | 222,608 | 327,187 | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2022 | ||||
| DONATIONS | ||||||
| Donations | 44,259 | 235 | 44 494 | |||
| Local giving | 23,373 | 23,373 | ||||
| Gift aid | 4,252 | 4,252 | ||||
| GRANTS | ||||||
| Grants | 611 | 147,455 | 148,066 | |||
| 72,495 | 147,690 | 220,185 | ||||
| 5. | CHARITABLE ACTIVITIES | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2023 | Funds | 2022 | |||
| I | ||||||
| Housing | rents | 471,881 | 471,881 | 485,050 | 485,050 | |
| 6. | OTHER | TRADING ACTIVITIES | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2023 | Funds | 2022 | |||
| 8 | ||||||
| HUB | 262 | 262 | 3,489 | 3,489 | ||
| 7. | INVKSTMKNT INCONIK | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2023 | Funds | 2022 | |||
| Bank interest receivable | 179 | 179 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
|---|---|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | |||
| Profit share | Happydays | Cycles CIC | 550 | 550 | ||
| Fundraising | income | 96,973 | 96)973 | 6,888 | 6,888 | |
| Other income | 59,891 | 59,891 | 5,050 | 5,050 | ||
| 157,414 | 157,414 | 11,938 | 11,938 |
| Unrestricted | Total | Funds | Unrestricted | Total | Funds | ||
|---|---|---|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | ||||
| Cost | offundraising | 14,231 | 14,231 | 3,917 | 3,917 |
| EXPENDI | TURE ON CHAMTABL | E ACTIVITIES BYFUND T | YPE | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | ||
| Charitable | activities | 505,449 | 163,180 | 668,627 |
| Supportcosts | 154,144 | 3,466 | 157,612 | |
| 659,593 | 166,646 | 826,239 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| Charitable | activities | 412,956 | 155,219 | 568,176 |
| Support costs | 140,622 | 31,229 | 171,850 | |
| 553,578 | 186,448 | 740,026 |
| EXPENDI | TURE ON CHAM | TABLK ACTIVITIES | BYACTIVI | TY TYPE | |
|---|---|---|---|---|---|
| Activities | |||||
| undertaken | Support | Total funds | Total fund | ||
| directly | costs | 2023 | 2022 | ||
| Charitable | activities | 668,627 | 142,085 | 810,712 | 703,780 |
| Governance | costs | 15,527 | 15,527 | 36,246 | |
| 668,627 | 157,612 | 826,239 | 740,026 |
| Analysis of | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| support costs | Total 2023 | Total 2022 | ||||||||
| Staffcosts | 67,202 | 67,202 | 67,181 | |||||||
| Premises | 14,746 | 14,746 | 1,333 | |||||||
| Communications | and IT | 12,779 | 12,779 | 9,050 | ||||||
| General office | 16,233 | 16,233 | 12,361 | |||||||
| Insurance | 2,722 | 2 722 | 4,293 | |||||||
| Depreciation | 7,173 | 7,173 | 7,330 | |||||||
| Interest on bank | loan | 2,833 | 2,833 | 3,609 | ||||||
| Bank charges | 997 | 997 | 1,015 | |||||||
| Bad debts | 9,568 | 9,568 | 20,402 | |||||||
| Training | 1,435 | 1,435 | 3,691 | |||||||
| Advertising | 6,397 | 6,397 | 5,339 | |||||||
| Accountancy | and independent | examination | fees | 4,122 | 4,122 | 3,154 | ||||
| Legal and other professional | fees | 11,405 | 11,405 | 33,092 | ||||||
| 157,612 | 157,612 | 171,850 | ||||||||
| 13. | NET INCOME/(EXPENDITURE) | |||||||||
| Net income/(expenditure) | is stated after charging/(crediting): | |||||||||
| 2023 | 2022 | |||||||||
| 6 | ||||||||||
| Depreciation | oftangible | fixed | assets | 7,173 | 7,330 | |||||
| 14. | INDEPENDENT | EXAMINATION FEES | ||||||||
| 2023 | 2022 | |||||||||
| Fees payable | to the independent | examiner | for: | |||||||
| Independent | examination | of | the financial | statements | 1,572 | 1,500 | ||||
| Tax advisory | services | 1,890 | 1,750 | |||||||
| 3,462 | 3,250 |
| STAFFCOSTS | ||||
|---|---|---|---|---|
| The total staff costs and | employee | benefits for the reporting | period are analysed as | follows: |
| 2023 | 2022 | |||
| Wages and salaries | 385,219 | 303,119 | ||
| Social security costs | 32,454 | 20,552 | ||
| Employer contributions |
to pension | plans | 9,734 | 4,750 |
| 427,407 | 328,421 |
| Investment | Motor | Computer | ||
|---|---|---|---|---|
| Property | vehicles | equipment | Total | |
| 5 | ||||
| Cost | ||||
| At 1 April 2022 | 1,505,000 | 25,369 | 14,676 | 1,545,045 |
| Additions | 27,600 | 4,969 | 32,569 | |
| At 31March 2023 | 1,505,000 | 52,969 | 19645 | I577614 |
| Depreciation | ||||
| At I April 2022 | 12,526 | 9,761 | 22,287 | |
| Charge for the year | 3,786 | 3,387 | 7,173 | |
| At 31March 2023 | 16,312 | 13,148 | 29,460 | |
| Carrying amount |
||||
| At 31March 2023 | 1,505,000 | 36,657 | 6,497 | 1,548,154 |
| At 31 March 2022 | 1,505,000 | 12,843 | 4,915 | 1,522,758 |
| 18. | DEBTORS | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Trade debtors | 44,016 | 33,049 | ||
| Prepayments and accrued |
income | 29,516 | 12,439 | |
| 73,532 | 45,488 | |||
| 19. | CREDITORS: amounts | falling due within one year | ||
| 2023 | 2022 | |||
| Bank loans and overdrafls | 9,249 | 8,395 | ||
| Trade creditors | 33,093 | 13,804 | ||
| Accruals and deferred income | 70,999 | 33,254 | ||
| Social security and other | taxes | 12,463 | 8,502 | |
| Other creditors | 1,923 | 1,144 | ||
| 127/727 | 65,099 | |||
| 20. | CREDITORS: amounts | falling due after more than one year | ||
| 2023 | 2022 | |||
| Bank loans and overdrafls | 10,191 | 19,440 | ||
| 21. | DEFERRED INCOME | |||
| 2023 | 2022 | |||
| At l April 2022 | 29,278 | 2,535 | ||
| Amount released to income |
(20,173) | (4,251) | ||
| Amount deferred in year |
53,088 | 30,994 | ||
| At 31March 2023 | 62,193 | 29,278 |
| Gains | ||||||||
|---|---|---|---|---|---|---|---|---|
| I Apr 2022 | Income | Expenditure | Transfers | and losses 31Mar 2023 | ||||
| General funds | 171,818 | 734,315 | (673,824) | (50,000) | — | 182,309 | ||
| Contingency | fund | 86,050 | 86,050 | |||||
| Revaluation | ||||||||
| reserve | 1,455,769 | 1,455,769 | ||||||
| Sinking fund | 50,000 | 50,000 | ||||||
| 1,713,637 | 734,315 | (673,824) | 1,774,128 | |||||
| Gains | ||||||||
| I | Apr 2021 | Income | Expenditure | Transfers | and losses | 31 Mar 2022 | ||
| General fimds | 156,341 | 572,972 | (557,495) | 171,818 | ||||
| Contingency | fund | 86,050 | 86,050 | |||||
| Revaluation | ||||||||
| reserve | 1,223,040 | 232,729 | 1,455,769 | |||||
| Sinking fund | ||||||||
| 1,465,431 | 572,972 | (557,495) | 232,729 | 1,713,637 |
| Gains and | |||||
|---|---|---|---|---|---|
| I Apr 2022 | Income | Expenditure | Transfers | losses 31Mar 2023 | |
| National Lottery | 23,142 | 63,117 | (78,430) | 7,829 | |
| Scouter Trust | 5 | (5) | 10,000 | 10,000 | |
| McNaught | |||||
| Refugee Rental | |||||
| Income Fund | 1,953 | (1,754) | 199 | ||
| The Hilden | |||||
| Charitable Fund |
4,110 | (2,891) | 1,219 | ||
| Clothworkers | |||||
| Minibus and | |||||
| gardening fund |
2,730 | (2,730) | |||
| Carried forward | 30,340 | 66,025 | (87,118) | 10,000 | 19,247 |
| Gains and | ||||||
|---|---|---|---|---|---|---|
| I Apr 2022 | Income | Expenditure | Transfers | losses | 31Mar 2023 | |
| 5 | ||||||
| Brought forward | 30,340 | 66,025 | (87,118) | 10,000 | 19,247 | |
| Arnold Clark | 1,000 | 1,000 | (893) | 1,107 | ||
| CFFC - Fuel | 109 | (87) | 22 | |||
| Tesco Token | ||||||
| Groundworks | 372 | (372) | ||||
| Screfix Fund | 1,500 | 1,500 | ||||
| CMBC Ward | ||||||
| Forum | 390 | (390) | ||||
| CAFF Grant | 500 | (500) | ||||
| STWDSHP | 288 | (288) | ||||
| VdtC | 1,370 | 1,970 | (2,764) | 576 | ||
| West Yorkshire | ||||||
| Combined | ||||||
| Authority | 4,960 | (4,960) | ||||
| Queen's Jubilee | ||||||
| Fund | 5,895 | (5,895) | ||||
| Key Fund | 40,000 | (16,259) | 23,741 | |||
| Gareth | ||||||
| Henderson | 15,000 | (11,375) | 3,625 | |||
| Dave Fawcett | 65 | 65 | ||||
| Winter Shelter | 30,000 | (10,000) | 20,000 | |||
| CFFC Never | ||||||
| Hungry Fund |
5,000 | (5,000) | ||||
| CFFC - General | 2,500 | (2,500) | ||||
| Groundworks- | ||||||
| Food Fund | 2,000 | (2,000) | ||||
| CFFC - Food | ||||||
| Parcels | 8,000 | (8,000) | ||||
| Tesco | ||||||
| Groundworks | 1,000 | (1,000) | ||||
| CFFC - Support | ||||||
| Worker | 14,000 | (8,902) | 5,098 | |||
| Carried forward | 40,829 | 192,455 | (158,303) | 74,981 |
| Gains and | |||||||
|---|---|---|---|---|---|---|---|
| I Apr 2022 | Income | Expenditure | Transfers | losses | 31Mar 2023 | ||
| Brought forward | 40,829 | 192,455 | (158,303) | 74,981 | |||
| CFFC - Cost | of | ||||||
| Living Fund | 7,220 | (3,629) | 3,591 | ||||
| West Yorkshire | |||||||
| Combined | |||||||
| Authority | 2,943 | (2,943) | |||||
| CFFC - Wind | |||||||
| Farm Fund | 5,500 | 5,500 | |||||
| AVIVA | 3,485 | 3,485 | |||||
| Creative Minds | |||||||
| Uplift Fund | 1,954 | 1,954 | |||||
| Mayors Safer | |||||||
| Communities | |||||||
| Fund | 7,280 | 7,280 | |||||
| CFFC | 1,244 | (1,244) | |||||
| Gareth | |||||||
| Henderson | 527 | (527) | |||||
| 40,829 | 222,608 | (166,646) | 96,791 | ||||
| Gains and | |||||||
| I Apr 2021 | Income | Expenditure | Transfers | losses | 31Mar 2022 | ||
| 5 | |||||||
| National Lottery |
42,078 | (18,935) | 23,143 | ||||
| Groundworks | UK | 348 | 15,224 | (15,572) | |||
| CFFC - Art | 18 | (18) | |||||
| Lloyds Bank | |||||||
| Foundation | 33,000 | 33,000 | (66,000) | ||||
| IGrkiees Council | 6 | (6) | |||||
| The F27 Trust |
20,000 | (20,000) | |||||
| Cyclists Club | 454 | (454) | |||||
| Scouter Trust | 1,100 | (1,095) | |||||
| McNaught | |||||||
| Refugee Rental | |||||||
| Income Fund | 2,000 | (47) | 1,953 | ||||
| The Hilden | |||||||
| Charitable Fund |
5,000 | 1,000 | (1,890) | 4,110 | |||
| Third Sector | |||||||
| Yoga Fund | 412 | (412) | |||||
| Carried forward | 62,338 | 91,302 | (124,429) | 29,211 |
| Gains and | |||||||
|---|---|---|---|---|---|---|---|
| 1 Apr 2021 | Income | Expenditure | Transfers | losses | 31Mar 2022 | ||
| Brought forward | 62,338 | 91,302 | (124,429) | 29,211 | |||
| CFFC Move | On | ||||||
| Fund | 689 | (689) | |||||
| CAF Resilience | |||||||
| Fund | 61 | (61) | |||||
| WYPCC | 6,000 | (6,000) | |||||
| Access Impact | 10,000 | (10,000) | |||||
| CMBC | 500 | (500) | |||||
| Speedomick | |||||||
| Foundation | 2,236 | (1,106) | 1,130 | ||||
| Clothworkers | |||||||
| Minibus and |
|||||||
| gardening fund |
4,081 | (4,081) | |||||
| Enable | |||||||
| Community | sw | 850 | (850) | ||||
| Sir George | 2,400 | (2,400) | |||||
| Versus Arthritis | 4,852 | (4,852) | |||||
| Arnold Clark | 1,000 | 1,000 | |||||
| Community | |||||||
| Foundation -Fuel |
1,640 | (1,531) | 109 | ||||
| Tesco Token | |||||||
| Groundworks | 500 | (128) | 372 | ||||
| Screfix Fund | 5,000 | (3,500) | 1,500 | ||||
| Kirklees Wooden | |||||||
| Project | 3,089 | (3,089) | |||||
| CMBC Ward | |||||||
| Forum | 500 | (110) | 390 | ||||
| CAFF Grant | 500 | 500 | |||||
| The MSE Charity | 2,700 | (2,700) | |||||
| STWDSHP | 20,000 | (19,712) | 288 | ||||
| Vk.C | 2,080 | (710) | 1,370 | ||||
| West Yorkshire | |||||||
| Combined | |||||||
| Authority | 4,960 | 4,960 | |||||
| 79,588 | 147,690 | (186,448) | 40,830 |
| Unrestricted | Restricted | Restricted | Total Funds | Total Funds | |||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2023 | |||||||
| f. | |||||||||
| Tangible fixed assets | 1,548,154 | 1,548&154 | |||||||
| Current assets | 455,683 | 5,000 | 460,683 | ||||||
| Creditors less than 1 year |
(127,185) | (542) | (127,727) | ||||||
| Creditors greater than |
I year | (10,191) | (10,191) | ||||||
| Net assets | 1,876,652 | (5,733} | 1,870,919 | ||||||
| Unrestricted | Restricted | Total Funds | |||||||
| Funds | Funds | 2022 | |||||||
| Tangible fixed assets | 1,522,758 | 1,522,758 | |||||||
| Current assets | 247,583 | 68,665 | 316,248 | ||||||
| Creditors less than 1 year |
(56,704) | (8,395) | (65,099) | ||||||
| Creditors greater than | 1 year | (19,440) | (19,440) | ||||||
| Net assets | 1,713,637 | 40,830 | 1,754,467 | ||||||
| 25. | ANALYSIS OF CHANGES IN NKT DEBT | ||||||||
| 1 Apr 2022 | Cash flows | 31 | Mar 2023 | ||||||
| Cash at bank and in hand | 270,760 | 116,391 | 387,151 | ||||||
| Debt due within one year | (8,395) | (854) | (9,249) | ||||||
| Debt due after one year | (19,440) | 9,249 | (10,191) | ||||||
| 242,925 | 124,786 | 367,711 | |||||||
| 26. | OPERATING LEASE COMMITMKNTS | ||||||||
| The total future minimum | lease payments | under | non-cancellable operating |
leases are as follows: | |||||
| 2023 | 2022 | ||||||||
| Not later than 1year |
12,480 | 12,000 | |||||||
| Later than 1 year and |
not | later than 5 years | 5,630 | 3,830 | |||||
| 18,110 | 15,830 |