CHARITY REGISTRATION NUMBER: 1182927
THE HAPPY AND HEALTHY TRUST Unaudited Financial Statements 31 December 2021
THE HAPPY AND HEALTHY TRUST Financial Statements Year ended 31 December 2021
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| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Statement of Financial Position | 6 |
| Notes to the Financial Statements | 7 to 12 |
THE HAPPY AND HEALTHY TRUST Trustees' Annual Report Year ended 31 December 2021
The trustees present their report and the unaudited financial statements of the charity for the period ending 31 December 2021.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name The Happy And Healthy Trust Charity number 1182927 Principal office 121 Clapton Common London E5 9AB Trustees Mr C M Muller Mr M Y Monderer Mrs B Merlin Independent examiner Stone & Co. Services Ltd 3 Norfolk Avenue London N15 6JX
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is governed by a Declaration of Trust.
The power to appoint new trustees is vested in the current board. It is not the intention of the trustees of the charity to appoint any new trustees. Should the situation change in the future, the trusees will apply suitable recruitment induction and training procedures. The trustees administer the day to day running of the charity.
The trustees confirm that there are no major risks to which the charity is exposed.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity are:
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Our aim is to help disadvantaged people with access to grants, food packages and financial support (loans), whether directly or through other organisations in the UK and/or abroad.
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To promote any other exclusively charitable objects and purposes as the trustees see fit, provided that they are regarded as charitable by the laws of England and Wales.
The trustees have considered the Charity Commission's general guidance on public benefit.
STRATEGIC REPORT
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
The trustees are pleased with the results of the year. The charity managed to raise the necessary funds required to reach their charitable objectives.
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THE HAPPY AND HEALTHY TRUST Trustees' Annual Report Year ended 31 December 2021
Achievements and performance (continued)
During the above-said period, the activities run by the charity included:
- Breakfast Project
Adult Befriending breakfast campaign - This is our core project and runs throughout the year.
In Dec 21 and Jan 21 we ran a Breakfast box pilot for disadvantaged children due to Covid -19 that was funded by Tesco Bags of Help.
- Cycling Project - Covid 19 Response
We ran a Cycling Stronger project as a 14 week pilot Covid-19 response from Jan-April 21 which was funded through Isla Foundation and Magic Little Grant. In April 2021 we set up the project for ages 4-6 lasting 1 year. The project was funded by Awards For All. We also set up a project for ages 8-10 that was funded by Silver Lady Fund, Souter Charitable Trust, Leeds Building Society Foundation and Alpkit. Lockdown created a greater need for the project, so we created an additional 3-month project for disadvantaged children. The project ran from March 21 - June 21 and was funded by Voice For Change on behalf of Sport England.
- Holiday Packs
Holiday Packs and clubs for April 21 that was funded by Sevens Stars foundation and DWF.
- Reading project
Start up project for one year for early years reading club funded by G H Roberts trust.
- Bushcrafting Camp
A local summer camp for disadvantaged young people with a focus on bushcraft, survival and team working skills funded by Tottenham Grammar School Foundation.
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THE HAPPY AND HEALTHY TRUST Trustees' Annual Report (continued)
Year ended 31 December 2021
Financial Review
Total incoming resources were £156,986. Total resources expended were £150,451.
The financial results of the charity's activities for the year to 31 December 2021 are fully reflected in the attached Financial Statements together with the Notes thereon.
Reserve policy
The trustees retain reserves as necessary and where appropriate, consolidate funds in order to make more substantial grants which they feel to be appropriate.
As at 31 December 2021, the charity had free reserves of £17,881.
Future developments
Whilst we are slowly emerging from the effects of Covid-19, our users are not unscathed. At The Happy And Healthy Trust, we are trying to expand our services to deal with new and existing exacerbated issues in our beneficiaries as a result of the pandemic and the current cost of living crisis.
The trustees' annual report and the strategic report were approved on 24 October 2022 and signed on behalf of the board of trustees by:
Mr C M Muller Trustee
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THE HAPPY AND HEALTHY TRUST
Independent examiner's report to the trustees on the unaudeted financial statements Year ended 31 December 2021
Independent examiner's report to the trustees of The Happy and Healthy Trust ('the charity')
I report to the charity trustees on my examination of the financial statements of the charity for the period ending 31 December 2021.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of your charity's financial statements as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the Act.
Independent examiner's statement
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:
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1 accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts 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.
Stone & Co. Services Ltd 3 Norfolk Avenue London N15 6JX
24 October 2021
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THE HAPPY AND HEALTHY TRUST Statement of Financial Activities Year ended 31 December 2021
| Unrestricted funds Note £ INCOME AND ENDOWMENTS Donations and legacies4 105,278 Charitable activities5 7,000 Total income 112,278 EXPENDITURE Expenditure on charitable activities6,7 (109,323) Total expenditure (109,323) NET INCOME/(EXPENDITURE) 2,955 RECONCILIATION OF FUNDS Total funds brought forward 11,346 TOTAL FUNDS CARRIED FORWARD 14,301 |
Restricted funds - 44,708 44,708 (41,128) (41,128) 3,580 - 3,580 2021 |
Total funds £ 105,278 51,708 156,986 (150,451) (150,451) 6,535 11,346 17,881 |
2020 Total funds £ 73,719 - 73,719 (76,401) (76,401) (2,682) 14,028 11,346 |
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CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
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THE HAPPY AND HEALTHY TRUST Statement of Financial Position Year ended 31 December 2021
| Notes FIXED ASSETS Tangible fixed assets 9 CURRENT ASSETS Debtors 10 Cash at bank CREDITORS Amounts falling due within one year 11 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS General funds Designated funds TOTAL FUNDS |
£ £ 17,404 7,370 4,429 11,799 (11,322) 477 17,881 17,881 14,301 3,580 17,881 2021 |
2020 £ 20,475 7,370 3,678 11,048 (20,177) (9,129) 11,346 11,346 11,346 - 11,346 |
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The financial statements were approved by the Board of Trustees on 24 October 2021 and were signed on its behalf by:
Mr C M Muller
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THE HAPPY AND HEALTHY TRUST Notes to the financial statements
Year ended 31 December 2021
1 GENERAL INFORMATION
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 121 Clapton Common, London, E5 9AB.
2 STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3 ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The Trustees do not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Taxation
The charity is exempt from tax on its charitable activities.
Incoming resources
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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THE HAPPY AND HEALTHY TRUST Notes to the financial statements Year ended 31 December 2021
3 ACCOUNTING POLICIES (continued)
Resources expended
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance
Grants payable
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4 DONATIONS AND LEGACIES
| Donations received 5 CHARITABLE ACTIVITIES Grants receiveable |
Unrestricted Funds £ 105,278 105,278 Unrestricted Funds £ 7,000 7,000 |
Restricted Funds £ - - Restricted Funds £ 44,708 44,708 |
Total Funds 2021 £ 105,278 105,278 Total Funds 2021 £ 51,708 51,708 |
Total funds 2020 £ 73,719 73,719 Total funds 2020 £ - - |
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THE HAPPY AND HEALTHY TRUST
Notes to the Financial Statements (continued)
Year ended 31 December 2021
| 6 EXPENDITURE ON CHARITABLE ACTIVITIES BY Unrestricted Funds £ Soup kitchen 80,669 Provision of food and necessity packages to disadvantaged people 3,035 Recreational activities for disadvantaged children - Grants to individuals 6,909 Grants to institutions 3,195 Support costs 15,515 109,323 7 EXPENDITURE ON CHARITABLE ACTIVITIES BY Direct Costs £ Soup kitchen 80,669 Provision of food and necessity packages to disadvantaged people 3,035 Recreational activities for disadvantaged children 41,128 Donations paid 10,104 Governance costs - 134,936 |
FUND TYPE Restricted Total Funds Funds 2021 £ £ - 80,669 - 3,035 41,128 41,128 - 6,909 - 3,195 - 15,515 41,128 150,451 ACTIVITY TYPE Support Total Funds Costs 2021 £ £ - 80,669 - 3,035 - 41,128 - 10,104 15,515 15,515 15,515 150,451 |
Total Funds 2020 £ 40,153 - - 17,678 1,412 17,158 76,401 Total Funds 2020 £ 40,153 - - 19,090 17,158 76,401 |
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8 TRUSTEES' REMUNERATION AND BENEFITS
No salaries or wages have been paid to employees, including the trustees, during the year.
Trustees' expenses
The charity did not meet any individual expenses incurred by the trustees for services provided to the charity.
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THE HAPPY AND HEALTHY TRUST
Notes to the Financial Statements (continued)
Year ended 31 December 2021
9 TANGIBLE FIXED ASSETS
| Cost At 1 January 2021 Additions At 31 December 2020 Depreciation At 1 January 2020 Charge for the period At 31 December 2021 Carrying amount At 31 December 2021 At 31 December 2020 10 DEBTORS Other debtors 11 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors Accruals and deferred income |
Fixtures and fittings £ 25,810 - 25,810 5,335 3,071 8,406 17,404 20,475 2021 £ 7,370 7,370 2021 £ 9,882 1,440 11,322 |
Total £ 25,810 - 25,810 5,335 3,071 8,406 17,404 20,475 2020 £ 7,370 7,370 2020 £ 19,457 720 20,177 |
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THE HAPPY AND HEALTHY TRUST
Notes to the Financial Statements (continued)
Year ended 31 December 2021
12 ANALYSIS OF CHARITABLE FUNDS
Unrestricted funds
| At 1 January 2021 £ General funds 11,346 At 1 January 2020 £ General funds 14,028 Designated funds At 1 January 2021 £ Restricted funds - At 1 January 2020 £ Restricted funds - 13 ANALYSIS OF NET ASSETS BETWEEN FUNDS Tangible fixed assets Current assets Creditors less than 1 year |
Income £ 112,278 Income £ 73,719 Income £ 44,708 Income £ - General Funds £ 17,404 8,219 (11,322) 14,301 |
Expenditure £ (109,323) Expenditure £ (76,401) Expenditure £ (41,128) Expenditure £ - Designated Funds £ - 3,580 - 3,580 |
At 31 December 2021 £ 14,301 At 31 December 2020 £ 11,346 At 31 December 2021 £ 3,580 At 31 December 2020 £ - Total Funds 2021 £ 17,404 11,799 (11,322) 17,881 |
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THE HAPPY AND HEALTHY TRUST
Notes to the Financial Statements (continued)
Year ended 31 December 2021
13 ANALYSIS OF NET ASSETS BETWEEN FUNDS (continued)
| Tangible fixed assets Current assets Creditors less than 1 year |
Unrestricted Funds £ 20,475 11,048 (20,177) 11,346 |
Designated Funds £ - - - - |
Total Funds 2020 £ 20,475 11,048 (20,177) 11,346 |
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14 RELATED PARTY DISCLOSURES
There were no related party transactions for the period ending 31 December 2021.
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