R E W R I T I N G S T O R I E S Handing the pen to young people to write new beginnings.
Annual Report and Accounts Year ended 31 December 2024
“Too many young people begin life with doors closed,
opportunities blocked, and their stories already written
against them. Yet every child deserves the chance to take
the pen and write their own destiny. At The Happy and
Healthy Trust, we make that possible.”
Over the past year, I have been deeply inspired by the
courage, determination, and creativity of the young
people we support. They have reclaimed control of their
lives, taken bold steps forward, and begun to chart paths
full of hope, confidence, and possibility. Each journey
we witness reminds us why our work matters: to empower
young people to rewrite their own futures, embrace their
potential, and see that their circumstances do not define
them.
This year, we have been privileged to reach and support
614 young people through our programs.
Whether through physical activity, creative projects,
soft skills, digital skills, employment support, or meal
and holiday provision, every experience nurtures
resilience, unlocks hidden potential, and opens doors to
new opportunities. Watching young people rise to
challenges, celebrate achievements, and step boldly into
their own power is both humbling and inspiring.
We are profoundly grateful to our donors, volunteers,
staff, and community partners. Your care, dedication, and
belief in our mission make it possible for young people
to reclaim their lives, pursue dreams they never imagined
possible, and transform their futures. Together, we are
shaping a community where every young person feels
valued, supported, and empowered.
We invite you to continue this journey with us: to help
young people take the pen, turn the page, and write bold
new chapters in their lives. Thank you for being an
essential part of The Happy and Healthy Trust, where
every story matters, every voice is heard, and every
young person’s potential is celebrated.”
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– Binah Merlin
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O u r M i s s i o n
The Happy and Healthy Trust exists to empower
young people to take the pen and rewrite their
own stories. By promoting wellbeing, providing
essential resources, and building supportive
networks, we ensure every young person has the
tools, confidence, and opportunity to thrive.
O u r V i s i o n
We envision a world where every young person
can author their own future, pursue their
dreams, and live with resilience,
independence, and hope. We create communities
that celebrate each young person’s right to
health, happiness, and success.
OUR GOALS
Enhancing Physical Health
01
Encouraging active
lifestyles to build
resilience, confidence,
and wellbeing.
Ensuring Equal Access
02
Providing the resources,
support, and
opportunities every young
person needs to flourish.
Fostering Community
03
Creating inclusive, empowering
spaces where young people are
supported to take charge of
their journey.
Empowering Life Skills
04
Equipping youth with the skills,
confidence, and mindset to thrive
on their own terms, personally,
academically, and professionally.
At The Happy and Healthy Trust, every program is a chance for a young person to
take the pen and rewrite their story. Over the past year, we have seen young
people confront challenges, embrace opportunities, and transform uncertainty
into confidence, hope, and purpose. Through Physical Activity, Life Skills &
Employability, and Health & Wellbeing programs, participants develop
resilience, self-belief, and the tools to shape their own journey.
S T O R I E S I N A C T I O N
H e a lt h & W e l l b e i n g
HUNGER NO LONGER
For many children and young people,
starting the day hungry is an all-
too-familiar reality. Hunger No
Longer changes that. Each morning,
participants receive a nourishing
breakfast in a warm, supportive
environment, surrounded by mentors
and peers who offer guidance,
encouragement, and friendship.
Beyond filling stomachs, the program
gives young people the energy,
focus, and emotional support to face
each day with hope and confidence,
ensuring that no child begins life
at a disadvantage.
DINNER DREAMS
During school holidays, many
families face uncertainty about
their next meal. Dinner Dreams
provides home-cooked meals and meal
packages, ensuring that no child
goes to bed hungry. The program
gives families not only nourishment
but stability, reassurance, and a
tangible sense that they are cared
for. Through this support, young
people experience the comfort and
security they need to thrive,
creating space to grow, learn, and
dream.
S T O R I E S I N A C T I O N P h y s i c a l A c t iv it y
GEARUP!
For ages 8–13, GearUp! is a weekly cycling program
that promotes resilience, courage, and self-belief.
As participants tackle increasingly challenging
routes, they push themselves physically and mentally,
learning to overcome fears, work as a team, and
persevere through obstacles. Each ride teaches
determination and shows young people that challenges
are opportunities to grow, helping them understand
they have the power to steer their own path, both on
and off the bike.
LITTLE LEGENDS
Little Legends runs weekly outdoor multi-sport
sessions for 60 children aged 4–6 and their families
in Hackney, boosting physical literacy, confidence,
teamwork, and wellbeing. The programme develops core
movement skills—balance, coordination, agility, and
motor control—through football, athletics, mini
tennis, and obstacle courses. By combining play-based
learning with confidence-building and teamwork,
Little Legends fosters sustained participation and
positive attitudes toward active lifestyles. Sessions
actively involve parents and carers, encouraging
family engagement and reinforcing healthy routines at
home. The programme addresses early inequalities in
access to physical development opportunities,
supporting wellbeing, school readiness, and long-term
active habits for underserved children in Hackney.
BUSHCRAFTING CAMP – YES I CAN!
For ages 11-15, Yes I Can! takes young people into
the heart of the outdoors, where survival challenges—
building shelters, making fires, foraging—become
opportunities to develop resilience, teamwork, and
self-reliance. The natural world becomes a classroom
for confidence, courage, and creativity, leaving
participants with memories, skills, and self-belief
that extend far beyond the camp itself.
S T O R I E S I N A C T I O N
L i f e S k i l l s & E m p l o y a b i l it y
DIGITAL FUTURES
Digital Futures equips young people and
young adults with the digital literacy,
problem-solving, and work readiness skills
needed to succeed in today’s world.
Through hands-on workshops covering
coding, digital design, and real-world
placements, participants develop
confidence, creativity, and professional
skills, empowering them to imagine and
build brighter futures.
SMART CENTS
Smart Cents supports young adults aged 19–
25 in Hackney to develop financial
literacy, budgeting, and employability
skills. Through hands-on workshops,
digital skills training, and career
development support, participants learn to
manage income and expenses, create
personal budgets, save for goals,
understand credit, and use digital tools.
By the end of the program, participants
gain confidence, maintain budgets, improve
digital competence, and enhance
employability, equipping them to achieve
financial independence and wellbeing.
STORIES IN NUMBERS
PHYSICAL ACITIVITY
186
330 Sessions Delivered 92
550
Volunteer Hours Contributed 28
Young People Reached
% reported increased confidence & resilience
% of Budget Allocated
HEALTH & WELLBEING 350
270 Young People & Families Supported 99
13 580 , meals provided
37
Volunteer Hours Contributed
% reported improved wellbeing, focus, and a sense of security
% of Budget Allocated
LIFE SKILLS & EMPLOYABILITY
158
Young People Reached
440
Hours of Delivery
202
Workshops Delivered
90
% improved digital literacy, financial and employability skills
36
Work Placements & Volunteering Opportunities Provided
35
% of Budget Allocated
TOTAL OVERVIEW 2025
614
Total Young People & Families Reached
972
Total Sessions & Workshops Delivered
90
% reported increased life skills or employability
1250
Total Volunteer Hours Contributed
36
Work Placements & Volunteering Opportunities Provided
85
% improved digital literacy
13 580 ,
Total Meals Provided
92
% reported improved confidence and wellbeing
100
% Total Budget Allocated
T H E S T O R I E S T H E Y W R I T E
These case studies reveal how young people are reclaiming
their lives and rewriting their futures. Through our
programs, participants confront fears, discover hidden
strengths, and achieve milestones that once felt out of
reach. Each story is a testament to resilience, courage,
and the transformative power of support, guidance, and
opportunity.
MI C HAEL’ S ST ORY
Michael came to The Happy and Healthy Trust at a time
when his life felt like it was falling apart. Struggling
with low confidence, limited skills, and few
opportunities, he spent his days handing out leaflets,
unsure of what the future held. He felt stuck,
overlooked, and uncertain if he could ever turn things
around.
Everything changed when he heard about Digital Futures.
Through hands-on workshops in coding, digital design,
and essential digital skills, Michael began to see that
he could take control of his own story. He learned how
to build a website, create digital projects, and develop
a strong CV. Beyond the skills, the program gave him
mentorship, encouragement, and the belief that he could
succeed.
By the end of the program, Michael had earned a
Microsoft Office certification, completed a work
placement, and gained the confidence to pursue
opportunities he had never imagined. Today, Michael is
working as a junior digital assistant at a local
company, using the skills he learned to contribute,
grow, and inspire others. He often returns to Digital
Futures to mentor new participants, sharing his story
and showing them that no situation is permanent—they can
rewrite their futures.
"Digital Futures didn’t just teach me skills—it gave me
hope and a direction. I finally feel like I’m in control
of my life, and I know I can achieve more than I ever
thought possible."
L E I L A ’ S S T O R Y
When Leila, 13, was first introduced to GearUp!,
she wanted nothing to do with it. Quiet,
withdrawn, and unsure of herself, she’d long
stopped believing she could keep up with others
her age. Her teachers described her as bright but
hesitant — a girl who stayed on the sidelines,
afraid to try for fear of failing.
It was her pastoral mentor who gently encouraged
her to give the program a chance. “Just one ride,”
they said. Leila reluctantly agreed. On that first
session, she barely spoke a word. She stayed at
the back, nervous about falling, about being
judged. But what she found instead was a group of
young people just like her — all learning,
supporting one another, and discovering that
strength doesn’t come from being the fastest, but
from showing up.
As the weeks went on, Leila began to change. Each
cycling session challenged her — physically and
emotionally — but also showed her what she was
capable of. Every hill climbed, every new route
completed, every word of encouragement from
teammates became a step toward rebuilding her
confidence. She started to laugh, to lead, and to
believe in herself again.
By the end of the program, Leila wasn’t the quiet
girl at the back anymore. She had become one of
the first to arrive, helping others fix their
helmets, motivating her peers to keep going. Her
teachers noticed the difference too — she began
participating more in class, volunteering for
group activities, and showing genuine pride in her
achievements. “GearUp! showed me that I can do
hard things,” Leila says with a smile. “I used to
think I wasn’t good enough, but now I know I just
needed to try. Every ride made me stronger — not
just my legs, but my confidence, too.”
Today, Leila continues cycling with friends on
weekends, and she hopes to become a youth mentor
in future sessions — helping other young people
find the courage to push past fear and move
forward with confidence.
extra
I N T H E I R O W N W O R D S
The voices of children, young adults, parents, and staff illuminate the
real impact of our work. In their own words, they share moments of
growth, triumph, and hope — small victories and bold leaps alike —
showing how lives are being reshaped, confidence is being built, and
futures are being rewritten.
“My daughter used to watch others play and never join in.
Little Legends helped her find courage—now she runs,
climbs, and laughs with everyone. She’s even showing
younger children how to play safely.” — Parent
“I liked learning football tricks and playing with my mum.
I feel happy and strong.” — Amara, 6
“I didn’t think I could keep up on the bike, but each ride
pushed me further. Now I’m braver, stronger, and even take
part in school competitions.” Yael, 13
"I used to hide in the classroom. GearUp! helped me come
out of my shell and try new things. I’m not scared
anymore." — Jayden, 11
“Hunger no Longer doesn’t just feed kids—it gives them
energy, confidence, and a sense of belonging every
morning.” — Teacher
I wake up happy now. I know I’ll have breakfast, and I can
focus at school instead of being hungry all morning."
— Malik, 7
I N T H E I R O W N W O R D S
“Through workshops and placements, young people gain real
skills and confidence. They see that the tech world is not
out of reach—it’s theirs to step into.” — Staff
"Digital Futures gave me skills and confidence I didn’t
know I had. I’m now applying for apprenticeships I thought
were impossible." — K.L., 18
Before Smart Cents, I didn’t know how to manage my money.
Now I budget, save, and plan for my future. I finally feel
in control.” — R.H., 22
“I never imagined I could learn coding or design. Digital
Futures showed me I can create, problem-solve, and even
dream bigger than before.” — Participant, 17
“David had given up on thinking he could ever work in
tech. Digital Futures helped him earn a Microsoft
certificate and a placement. He now believes in his own
potential.” — Program Mentor
I N T H E W O R D S O F O U R F U N D E R S . . .
JANA - INFRASTRUCTURE AND DEVELOPMENT OFFICER AT VOICE4CHANGE-ENGLAND
ADELE BUSSE HEAD OF GRANTS - JEWISH CHILD'S DAY
“It was wonderful to see all
the girls enjoying a healthy
breakfast together, chatting,
smiling and starting their day
positively. The session was
full of warmth, with
activities about the
importance of hydration and
being kind to others. Many of
the girls come from homes
where breakfast isn’t always
possible, and it was inspiring
to see the difference this
club makes in giving them a
nourishing and supportive
start to the day.”
“It has been a privilege for V4CE to
support the Happy and Healthy Trust (HHT)
on its impactful journey. Our relationship
began during the pandemic when we first
provided funding, and we were delighted to
work with them again when they secured a
subsequent grant from us.
Throughout my time as their Grants Officer,
I have developed a deeply respectful and
supportive relationship with the HHT team.
Their dedication to their mission is truly
inspiring.
As an infrastructure organization, V4CE
values being a trusted partner for
grassroots organizations. We were thrilled
to learn that HHT’s vital work has been
recognized with significant funding from
another major funder, enabling them to
continue benefiting children and families
in North London who need it most. The Happy
and Healthy Trust is a testament to the
power of community-led initiatives, and we
are proud to have played a part in their
story.”
W R I T I N G T H E N E X T C H A P T E R . . .
At The Happy and Healthy Trust, we believe every young person deserves the chance to take the pen and rewrite their own story. Over the past year, we have seen children and young adults confront challenges, discover strengths, and embrace opportunities that once felt out of reach. Looking ahead, our focus is on expanding high-impact programs, deepening participation, and investing in quality, ensuring that every young person has the tools and confidence to thrive.
T H E N E X T C H A P T E R . . .
D I G I T A L F U T U R E S E X PA N S I O N
Digital Futures has become one of our most impactful programs, empowering 98
young people with essential digital, problem-solving, and employability
skills.In the coming year, we plan to expand participation to 150 young
people and broaden the certifications and experiences on offer. This
includes:
Advanced MOS Certifications in Excel and PowerPoint
-
Coding & Digital Design Badges, accredited through recognised platforms -
Additional Employability Certificates, such as Project Management Basics and Professional Communication -
Expanded workshops and real-world work placements, connecting young people directly with local employers and projects
Digital Futures equips young people with the practical skills, confidence,
and mentorship needed to navigate the job market successfully. Participants
leave the program ready to take control of their professional journey and
continue to rewrite their stories beyond the classroom.
HUNGER NO LONGER – DAILY BREAKFAST EXPANSION
Hunger No Longer currently supports 90 children and young people,
providing a nutritious breakfast in a welcoming, supportive
environment. The program gives participants energy, focus, and
emotional support to start each day positively.
Over the next year, we plan to double participation to 180 children,
responding to rising demand. Expansion will include structured
mentoring alongside breakfast provision, pathways into other
programs such as GearUp!, Little Legends, and Digital Futures, and
enhanced family engagement through workshops and wellbeing sessions.
By combining nutrition with mentoring and peer support, Hunger No
Longer ensures children develop confidence, resilience, and the
focus to fully engage in school and life.
T H E N E X T C H A P T E R . . .
I N V E S T I N G I N O R G A N I S AT I O N A L E X C E L L E N C E – L O N D O N YO U T H Q UA L I T Y M A R K
After more than six years of delivering consistently high-quality
programs, The Happy and Healthy Trust is pursuing the London Youth
Quality Mark. This accreditation recognises excellence in youth
provision, effective governance, and a commitment to continuous
improvement.
Securing this quality mark will allow us to:
Review and strengthen all programs to ensure the highest standards
Assess charity governance, policies, and operational systems for
transparency and compliance
Demonstrate our commitment to excellence to funders, partners, and
families
Embed continuous improvement across all initiatives
Achieving this accreditation represents a strategic investment in
the sustainability, credibility, and long-term impact of the Trust.
After years of strong results, it is the right time to formally
validate the quality of our provision, celebrate achievements, and
ensure that every young person accessing our programs benefits from
the very best support.
B E C A U S E O F Y O U , T H E I R S T O R I E S A R E C H A N G I N G . . .
Every session, every meal, every opportunity exists because
of you. Your belief and support are helping young people
write their own stories and reach for their dreams—thank
you for being a part of their journey.
We’re also proud to share that The Happy
and Healthy Trust was selected as this
year’s In Kind Direct Spotlight Competition
Winner, recognising our commitment to
empowering young people and the tangible
impact of our work in the community.
THE HAPPY AND HEALTHY TRUST
TRUSTEES' REPORT FOR THE PERIOD ENDED 31 JANUARY 2025
The trustees present their annual report and financial statements for the period ended 31 January 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 Trust Deed, 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)" (effective 1 January 2019).
Objectives andactivities
The charity's objects are:
1)The relief of financial hardship, either generally or individually of people, by making grants of money for providing or paying for items services or facilities.
2)To act as a resource for young people by providing advice and assistance and organising programmes of
physical, educational and other activities as a means of advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals;
3)to promote any other exclusively charitable objects and purposes as the trustees see fit, provided that they are regarded as charitable by the law of England and Wales.
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
Significantactivities and achievements againstobjectives
During the year the charity received donations totalling £ 375,719 (2023: 326,892) and expenditure on charitable activities aggregated £336,691 (2023: £301,186).
Financial review
The financial results for the period to 31January 2025 are fully reflected in the attached Financial Statements and the Notes thereon.
As at 31 January 2025, the charity had Unrestricted Funds of £120,929 (2023: 62,706).
Reserves policy
The trustees aim to hold free reserves of at least 3 months (and no more than 12 months) operating costs in order to protect services and to ensure adequate cashflow for the organisation’s need.
Structure,governanceand management
The Happy and Healthy Trust is a registered charity governed by its Deed of Trust dated 26 December 2018.
The trustees who served during the year and up to the date of signature of the financial statements were: M Y Monderer
B Merlin
C M Muller
Recruitmentand appointmentoftrustees
New trustees are appointed based on personal competence, availability and knowledge and familiarity with the community which the charity serves. New trustees are inducted into the workings of the charity by the existing trustees.
None of the trustees has any beneficial interest in the company.
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THE HAPPY AND HEALTHY TRUST TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 JANUARY 2025
Organisational structure
Thetrusteesadministerthe day-to-day affairs of the charity.
The trustees' report was approved by the Board of Trustees.
C M Muller
Trustee
27 November 2025
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THE HAPPY AND HEALTHY TRUST STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE PERIOD ENDED 31 JANUARY 2025
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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THE HAPPY AND HEALTHY TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE HAPPY AND HEALTHY TRUST
I report to the trustees on my examination of the financial statements of The Happy and Healthy Trust (the charity) for the period ended 31 January 2025.
Responsibilities andbasis ofreport
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.
Independentexaminer's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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:
-
1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
-
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 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.
Pini Shebson ACA
CHS Accountants Limited Lower Ground Floor, 13 High Road London N15 6LT
Dated: 27 November 2025
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THE HAPPY AND HEALTHY TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 JANUARY 2025
| Total income Expenditure on: Charitable activities Fund balances at 31 January 2025 5 Total expenditure Net income/(expenditure) and movement in funds Reconciliation of funds: Fund balances at1 January 2024 Notes Income and endowments from: Donations and legacies Other income 3 4 Unrestricted funds 2025 £ Restricted funds 2025 £ 229,540 229,540 58,223 62,706 120,929 287,763 - 287,763 - 107,151 107,151 19,195 87,956 - 87,956 (19,195) |
Total Unrestricted funds 2023 £ 2025 £ Restricted funds 2023 £ 336,691 336,691 39,028 81,901 120,929 375,719 - 375,719 259,500 66 259,566 230,231 230,231 29,335 33,371 62,706 70,955 70,955 22,824 19,195 67,326 - 67,326 (3,629) |
Total 2023 £ 326,826 66 326,892 301,186 301,186 25,706 56,195 81,901 |
|---|---|---|
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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THE HAPPY AND HEALTHY TRUST STATEMENT OF FINANCIAL POSITION AS AT 31 JANUARY 2025
| Fixed assets Property, plant and equipment Current assets Other debtors Cash at bank and in hand The funds of the charity Current liabilities Net current assets Total assets less current liabilities 12 13 14 15 Notes 11 2025 £ Restricted income funds Unrestricted funds 113,760 5,983 119,743 (14,281) |
£ 2023 £ 15,467 105,462 120,929 - 120,929 120,929 46,432 29,287 75,719 (12,881) |
£ 19,063 62,838 81,901 19,195 62,706 81,901 |
|---|---|---|
The financial statements were approved by the trustees on 27 November 2025
C M Muller Trustee
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THE HAPPY AND HEALTHY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025
1 Accounting policies
Charity information
The Happy and Healthy Trust is a registered charity governed by its Deed of Trust dated 26 December 2018.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's Trust Deed, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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)" (effective 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 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
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 thetime 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 fundsare 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.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Incomeis 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.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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THE HAPPY AND HEALTHY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JANUARY 2025
1 Accounting policies
(Continued)
1.5 Expenditure
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. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Property, plant and equipment
Property,plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings 15% Reducing Balance Computers 33% Reducing Balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of non-current assets
Ateach reporting end date,the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash andcash 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.
1.9 Financial instruments
Thecharity 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 trade and other receivables 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.
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THE HAPPY AND HEALTHY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JANUARY 2025
1 Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including trade and other payables 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. Trade payables 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 payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.10 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.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from donations and legacies
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|
| funds | funds | 2025 | funds | funds | 2023 | |
| 2025 | 2025 | 2023 | 2023 | |||
| £ | £ | £ | £ | £ | £ | |
| Donations and gifts | 287,763 | 87,956 | 375,719 | 259,500 | 67,326 | 326,826 |
The breakdown of donations and grants received is shown below:
Community Organisation Cost of Living Fund £72,310 The London Community Foundation £30,000 The National Lottery £36,647 The National Lottery Community Fund £26,538 Postcode Society Trust £21,225 Greater London Authority £12,735 Shell International Limited £10,000 Other grants and donations £166,264 Total £375,719
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THE HAPPY AND HEALTHY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JANUARY 2025
4 Other income
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2023 | ||
| £ | £ | ||
| Other income | - | 66 | |
| 5 | Expenditure on charitable activities | ||
| Total | Total | ||
| 2025 | 2023 | ||
| £ | £ | ||
| Direct costs | |||
| Breakfast club and meals programme | - | 168,630 | |
| Holiday food and support | - | 7,173 | |
| Cycling, swimming and children's yoga | - | 67,440 | |
| Digital futures | - | 24,301 | |
| In kind support | 57,489 | 15,576 | |
| Physical activity | 76,498 | - | |
| Health & wellbeing Life skills and employability |
101,086 95,622 |
- - |
|
| 330,695 | 283,120 | ||
| Share of support and governance costs (see note 6) | |||
| Support | 3,596 | 4,657 | |
| Governance | 2,400 | 13,409 | |
| 336,691 | 301,186 | ||
| Analysis by fund | |||
| Unrestricted funds | 229,540 | 230,231 | |
| Restricted funds | 107,151 | 70,955 | |
| 336,691 | 301,186 | ||
| 6 | Support costs allocated to activities | ||
| 2025 | 2023 | ||
| £ | £ | ||
| Depreciation | 3,596 | 4,657 | |
| Governance costs | 2,400 | 13,409 | |
| 5,996 | 18,066 | ||
| Analysed between: | |||
| Charitable activities | 5,996 | 18,066 |
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THE HAPPY AND HEALTHY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JANUARY 2025
6 Support costs allocated to activities
| 6 | Support costs allocated to activities | (Continued) | |
| 2025 | 2023 | ||
| Governance costs comprise: | £ | £ | |
| Independent examiner fees | 2,400 | 1,500 | |
| Governance costs | - | 11,909 | |
| 2,400 | 13,409 | ||
| 7 | Net movement in funds | 2025 | 2023 |
| £ | £ | ||
| The net movement in funds is stated after charging/(crediting): | |||
| Fees payable for the independent examination of the charity's financial | |||
| statements | 2,400 | 1,500 | |
| Depreciation of owned property, plant and equipment | 3,596 | 4,657 |
8 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
9 Employees
The average monthly number of employees during the year was:
| 2025 | 2023 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
There were no employees whose annual remuneration was more than £60,000.
10 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
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THE HAPPY AND HEALTHY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JANUARY 2025
11 Property, plant and equipment
| Property, plant and equipment | |||
|---|---|---|---|
| Fixtures and | Computers | Total | |
| fittings | |||
| £ | £ | £ | |
| Cost | |||
| At 1 January 2024 | 28,985 | 6,106 | 35,091 |
| At 31 January 2025 | 28,985 | 6,106 | 35,091 |
| Depreciation and impairment | |||
| At 1 January 2024 Depreciation | 14,013 | 2,015 | 16,028 |
| charged in the year | 2,246 | 1,350 | 3,596 |
| At 31 January 2025 | 16,259 | 3,365 | 19,624 |
| Carrying amount | |||
| At 31 January2025 | 12,726 | 2,741 | 15,467 |
| At 31 December 2023 | 14,972 | 4,091 | 19,063 |
12 Trade and other receivables
| 13 Current liabilities Amounts falling due within one year: Other debtors Other creditors Accruals and deferred income |
2025 £ 2025 £ 113,760 8,881 5,400 14,281 |
2023 £ 2023 £ 46,432 9,881 3,000 12,881 |
|---|---|---|
14 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| At | 1 | January | Incoming | ResourcesAt 31 January |
|---|---|---|---|---|
| 2024 | resources | expended 2025 | ||
| £ | £ | £ £ | ||
| 19,195 | 87,956 | (107,151) - |
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THE HAPPY AND HEALTHY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JANUARY 2025
14 Restricted funds
| Restricted funds | (Continued) | |||
| Previous year: | At 1 January | Incoming | Resources | At 31 |
| 2023 | resources | expended | December | |
| £ | £ | £ | 2023 | |
| £ | ||||
| 22,824 | 67,326 | (70,955) | 19,195 |
15 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 January | Incoming | Resources At 31 January | Resources At 31 January | |
|---|---|---|---|---|
| 2024 | resources | expended 2025 | ||
| £ | £ | £ £ | ||
| General funds | 62,706 | 287,763 | (229,540) | 120,929 |
| Previous year: | At 1 January | Incoming | Resources | At 31 |
| 2023 | resources | expended | December | |
| £ | £ | £ | 2023 £ |
|
| General funds | 33,371 | 259,566 | (230,231) | 62,706 |
16 Analysis of net assets between funds
| At 31 January 2025: Property, plantandequipment Current assets/(liabilities) At 31 December 2023: Property, plantandequipment Current assets/(liabilities) Unrestricted funds 2025 £ Unrestricted funds 2023 £ Restricted funds 2025 £ Restricted funds 2023 £ 15,467 105,462 120,929 19,063 43,643 62,706 - - - - 19,195 19,195 |
Total 2025 £ Total 2023 £ 15,467 105,462 120,929 19,063 62,838 81,901 |
|---|---|
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THE HAPPY AND HEALTHY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JANUARY 2025
17 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
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THE HAPPY AND HEALTHY TRUST LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
M Y Monderer
B Merlin C M
Muller
Charity number
1182927
Independent examiner
CHS Accountants
Limited
Lower Ground Floor,
13 High Road
London N15 6LT