Docusign Envelope ID: 96E055B8-E8A4-4861-BDEA-BDAACFF0A406
Year 1 Filing (17 Feb 2022 – 01 May 2023)
Part 1: Trustees' Annual Report (TAR) Content
HAPPINESS FOUNDATION: Trustees' Annual Report
| Reporting Period: | 23 December 2022 to 01 May 2023 |
|---|---|
| Charity Name: | HAPPINESS FOUNDATION |
| Charity Number: | 1197966 |
| Governing Document: |
CIO Foundation Constitution |
| Principal Address: | 54 Horse Shoe Court, 11 Brewhouse Yard, London, EC1V 4JU |
Reference and Administrative Details
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Trustees Serving During the Period: Miss Keyun Ruan (Chair) , Mr Avi Roy .
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Other Names Used: HAPPINESS INSTITUTE , HAPPINESS FESTIVAL.
Structure, Governance and Management
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Type of Governing Document: CIO Foundation Constitution.
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Minimum Trustee Requirement: The CIO's governing document states a minimum of 3 trustees.
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Governance Note: The Charity is currently operating with only two trustees, which is below the minimum stipulated by the governing document. The Trustees are actively working to recruit a replacement trustee to meet the minimum requirement as soon as possible. The minimum number is 3.
Objectives and Activities
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Charitable Objects: The CIO’s principal object is to advance the science of happiness and wellbeing for the public benefit of humanity at large.
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Main Activities: The focus theme is the creation and distribution of audiovisual content on the science of happiness and the organisation of related events. The Foundation engages researchers to record short presentations that are distributed online via video streaming and podcasting platforms.
Docusign Envelope ID: 96E055B8-E8A4-4861-BDEA-BDAACFF0A406
- Public Benefit Statement: The Trustees have paid due regard to the Charity Commission's guidance on public benefit. The benefit is delivered by advancing happiness and mental/physical wellbeing, and equipping the public with practical tools to live a happier life. The services are set up to benefit the public at large.
Achievements and Performance
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Financial Start-up: The charity successfully secured its first income of £3,864.61 during this period.
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Programme Delivery: Initial efforts focused on establishing online content channels and building the network of academic contributors to prepare for content creation.
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Geographic Reach: Preparation was laid for global operation via online content with a focus on England and various countries outside England & Wales .
Financial Review
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Review of Financial Position: Total incoming resources for the period were £3,864.61 . Total resources expended were minimal at £15.20 , resulting in a net surplus of £3,849.41 .
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Reserves Policy: The Trustees aim to maintain a level of reserves sufficient to cover three months of estimated operating costs and anticipated expenses for future events and content production. The closing cash balance of £3,849.41 is held as unrestricted funds to provide financial stability during the initial start-up phase.
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Going Concern: The Trustees are satisfied that the charity is a going concern, anticipating future income from donations, charging for services , and corporate donors, allowing it to meet its liabilities as they fall due.
Signed on behalf of the Trustees:
Date: 24 Oct 2025
Part 2: Accounts Content: Receipts and Payments
| Charity Name: | HAPPINESS FOUNDATION | HAPPINESS FOUNDATION | HAPPINESS FOUNDATION | Charity Number: | Charity Number: | 1197966 | ||
|---|---|---|---|---|---|---|---|---|
| Period Start: | 23/12/2022 | Period | End: | 01/05/2023 | ||||
| Currency: | GBP (£) | |||||||
| Section A: Statement of | Unrestricted | Restricted | Endowment | Total |
Last | |||
| Receipts and Payments | Funds (£) | Funds (£) | Funds (£) | Funds | Year | |||
| (£) | (£) |
Docusign Envelope ID: 96E055B8-E8A4-4861-BDEA-BDAACFF0A406
| A1: RECEIPTS (Income) | |||||
|---|---|---|---|---|---|
| Grants and Donations | 3,864.61 | 0.00 | 0.00 | 3,864.61 | 0.00 |
| Sub Total Receipts | 3,864.61 | 0.00 | 0.00 | 3,864.61 | 0.00 |
| (Gross Income) | |||||
| A2: PAYMENTS | |||||
| (Expenditure) | |||||
| Bank Charges and Fees | 15.00 | 0.00 | 0.00 | 15.00 | 0.00 |
| Other Operating | 0.20 | 0.00 | 0.00 | 0.20 | 0.00 |
| Expenses | |||||
| Sub Total Payments | 15.20 | 0.00 | 0.00 | 15.20 | 0.00 |
| Net of | 3,849.41 | 0.00 | 0.00 | 3,849.41 | 0.00 |
| Receipts/(Payments) | |||||
| Cash Funds at Start of | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Period | |||||
| Cash Funds at End of | 3,849.41 | 0.00 | 0.00 | 3,849.41 | 0.00 |
| Period | |||||
| Section B: Statement of | Assets and | Unrestricted | Restricted | Endowment | |
| Liabilities at End of Period | Funds (£) | Funds (£) | Funds | (£) | |
| (01/05/2023) | |||||
| B1: Cash Funds | |||||
| Cash at HSBC Bank (A/C | 33984893) | 3,849.41 | 0.00 | 0.00 | |
| Total Cash Funds (Must | match A) | 3,849.41 | 0.00 | 0.00 | |
| B2: Other Monetary Assets | 0.00 | 0.00 | 0.00 | ||
| B5: Liabilities | 0.00 | 0.00 | 0.00 |