Charity registration number.. 1202402 Happy Days Childcare AnnLial Report and Financial Staternents ror the Ye8r Ended 31 August 2025 A18n Thompson 3The Hoo Kempston Bedford MK42 7DQ
Happy Days Chlldcare Contents Reference and Administrative Details Trustees, Report Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10-18
Happy Days Childcare Reference and Administrative Details Trustees Mr Andy Richards Miss Holley Miller Mrs Rebecca Birdsall Mrs Jane Copland Ms Louise Craddock Secretary Miss Holley Miller Principal Offic8 Ecton Brook Children's Centre Ecton Brook Road Ecton Brook Northampton NN35DY Charity Reglstration Number Bankers Lloyds Bank George Row Northampton Independent Examlner Alan Thompson 3The Hoo Kernpston Bedford MK42 7DQ
Happy Days Childcare Trustees, Report The trustees present the 8nnual report together with the financial statements of the charityfor the year ended 31 August 2025. Structure, governance and management Fln8nGlal In3tTumÈnts Oblectives andpolicies The charlty's activities expose it to 8 number ol fin8ncial risks including credit risk, c8sh Ilow risk 8nd liquidity risk. The use of financial derivatives is governed by the charity s policies approved bythe b03rd of trustees, which provide writtell prin¢iples on the use of financial derivativ8s to manage these risks. The charity does not use derivative financi81 instruments lor speculative PLJrposes. Cash Ilowrisk The ch8rity's activities e)tP058 It prim8rilyto the financial risks ot changes in foreign currency exchange rates and interest rates. The charity uses foreign exch8nge foFw8rd contr8Cts and interest r8te swap contracts to hedge these exposures. Interest bearing as58ts and liabilities are held at fixed rate to ensure certainty of cash flows. Credit risk The charity's princip81financi8l assets gre bank bal8nce5 and cash. trade and other receivables, and investments. Thè charity's ¢redit risk is primarily attributable to its tr8dÈ receivable5. The amounts presented in the balance sheet are net of 8llowances for doubtful receivables. An allowanc8 for impairment is made where there is an identitled loss evEnt which, based on previous experience, 18 eviderTrce of 2 ieduction in the recoverability of the cash flows. The credit risk on liquid funds and derivative financial instruments is limited becaLJse the counterpèrties are banks with high credit-ratings assigned by international credit-rating agencies. rhe charity has no significant concentration of credit rSk, with exposure spread over a large number of counierparties and customers. quldityrisk In orderto maintain liquidity to ensure that sufficient funds ère available for ongoin8 operations and future developments, the charity uses a mixture of long-term and short-term debt finance. Further details regarding liouidity risk e8n be found in the St8tement of accounting policie5 in the financial statements. The 8nnual report was approved by the trustees of t17e charity on 10 June 2026 ancs signed on its behalf by.. Holley Miller Trustee Rebecca Birdsall Trustee
Happy Days Childcare Truste8s' Report We are still doing the transfer to our new Charity Number Approved by the Trustees and signed on their behalf by.. Holly Miller Trustee Date.. .J..8....o. b Z Rebecca Birdssll Trustee Date..
Happy Days Childcare Statement of Trustees, Responsibilities The trustees are responsible for preparing the trustees, report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practicel and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a Irue and fair view of the state of affairs of the charity and of the ncoming resources and application of resources of the charity tor that period. In preparing these financial statements, the trustee8 are required to: select suitable accounting policies and then apply them consistently., observe the methods and principles irs 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 8nd explained in the financial st8tements.- and prepare the financial statements on the Eoing concern basis unless it is in8ppropri2te to presume that the charity will continue in business. The trustees are responsible for keeping proper 8ccounting records that disclose with re880nable accur8cy at 8lly time tha financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. the applicable Charities {Accounts and Reports) Regulations, and the provisions of the constiturion. The trustees 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. Apploved by the trustees of the charity on 10 June 2026 and signe¢J on its behalf by.. Holley Miller Trustee Rebecca Birdsall Trustee
Happy Days Chlldcare Independent Examiner's Reportto the trustees of Happy Days Childcare I report on the accounts of the charity for the year ended 31 August 2025 which are set out on pages 10t0 18. Re$p8Ctive responsibilities of trustees and examiner The trustees are resporTrsible lor the preparation of the accoullts. The trustees consider that Sn audit is not required for this year under section 144121 ot the Charities Act 2011 Ithe 2011 Acti and that an independent examination is needed. It is my responsibility to.. examine the 8ccounts under section 145 of the 2011 Act., to follow the procedures18id down in the general Directions given bythe Charity Commission under section 14515llbl of the 2011 Act., and tost8te whether particular matters have come to my attention. Basis ot Independent examiner's report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items QT disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in èn 8udit and consequently no opinion is glveri as to whether the accounts present 8'true and fair view. and the report is limited to those matters set out in the next statement. Independent examiner's statement In connection with rny examination, no matter has come to my attention: 111 which gives me reason8ble cause to believe that in any material respect the requirements: to keep accountinE records in accordance wth section 130 of the Charities Act 2011.. and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met- or 121 to which. in my opinion, 8ttention should be drawn in order to enable a proper understanding ofth ccounts to be reached. Alan Thompson 3TheHoo Kempston Bedford MK42 7DQ 10June2026
Happy Days Childcare Statement of FinanclalActivities forthe Year Ended 31 August 2025 Unrestricted Fund5 Total 2025 Note Income and Endowments from: Donations and legacies Investment income Other income Total Income Expenditure on: Raising funds Charitable activities Total Expenditure Net movement infunds Reconcillation of funds Total funds brought forward Total funds carried forward Unrestricted Funds Total 2024 Note Income and Endowments from: Donations and legacies Investment income Other income Total Income Expenditure on: Raising funds Charitable activities Total Expenditure Net movement in funds Reconciliation of funds Total funds brought fonNard Tot81 funds carried forward
Happy Days Childcare (Registratlon number: 1202402) Balance Sheet as at 31 August 2025 2025 2024 Note Current assets Cash at bank in hand Creditors: Amounts falling due within one year Net assets 12 Funds ofthe charity: Unrestricted Income funds Unrestricted funds Totalfunds 13 The financial statements on pages 10 to 18 were 8pproved by the trustees. and authorised for issue on 10 June 2026 and signed on their behalf by.. Holley Miller Trustee Rebecca Birdsall Trustee
Happy Days Chlldcare Notes to the Flnancial Statements for the Year Ended 31 August 2025 1 Accounting poLlcies Statement of compLiance The fiN8ncial statements have been prepared in accordsnce with A¢¢ounting and Reporting by Chariti8s'. Statement ol Recommen(Jed Practice applicable to charities pr8paringtheii 8ccounts in accordance with the Financial Reporting Stand8rd 8pplic8ble in the UK and Republic of Ireland IFRS 1021 (effective I january 20151- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 Ènd the Charities Act 2011. Basi$ of prèparatlon Happy Days Childcare meets the definition of a public bes)efit entity under FRS 102. Assets and liabilities gre initially recognised ai historical cost or transaction v81ue unless otherwise stated in the relevant accounting policy notes. Exemption from preparing a cash flow statement The charity opted to early adopt Bulletin I published on 2 February 2016 and have therefore not included a cash flow statement in these financial stètements. Going conc8rn The trustees consider that there are no material uncertainties aboutthe charity's abilityto continue as a going concern. Income and Èndowment5 Voluntary in¢ome including donations, gifts, legacies 8nd grants that prowde corè funding or are ol 8 general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficlent reliability. Grants receivable Grants are r8cognised when the ch8rity has 8n entitlern8nt to the funds and 8ny conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met. the income is recognised as a liability and inc(ude¢J on the balance Sheet as deferred income to be released. Inv8Stment income Dividends are recognised once the dividènd has bèen decl£red 8nd notification hss been r8ceived of the dividend due_ Expendlture All expenditure is recognised once there Ss 8 l8g8l or constructive obligation to that expendituré, it is probable settlement is required 8nd the amount can be measured reliably. All costs are 8llocated io the 8pplicable expenditure heading that aggregate similar costs to th8t caiegory. Where cosis cannot b8 directly attributed to particular headings they have been allocated on a b£sis consistent with the use ot resources, with central st8ff costs allocated on the basis of time spènt, Bnd d6preciatioll charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of stafl costs. 101
Happy Days Childcare Note5 tothe Financial Statements for the Year End8d 31 August 2025 Raisingfunds These are costs incurred in attiacting voluntary income, the rnanagement of investm8nt8 and those ncurred in trading activities ihat raise funds. Gov&rn8nce costs These include the costs attrib&ble to the charity's compliance with constitutional and st8tutory requirements, including audit, strategic management and trustees's meeiings and reirnbursed expenses. Government grants Government grants are recognised based on the accrual model and are measured at the lair v£lue ol tho asset r2ceived or receivable. Grants are classified as ielating either to revenue or to assets. Gr8nts r818ting to revenue are reeognised in income overthe period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life ol the asset. Where part of a 8r8nt r8lating to an asset is deferred. it is recognised 8s deferred income. Tèxatlon The charity is considered to P88S the tests sèt out in Paragraph 1 SehedL*le 6 01 the Finance Act 2010 and therefc>re it meets the definition of a charitable company for UK corporation tax purposes. Aecordingly, the chaiity Is potentially exempt frorn taxation in respect of income or capital gains received within cBtegories covered by Chaptèr 3 P8rt 11 of the Corporation T8x Act 2010 or Section 256 of the Taxation of Ch3rgeabl8 Galns Act 1992. to the eeTrt th8t such inctsrlle or gains are applied exclusively to charitable purposes. Cash and cash equÈvaLenis Cash and cash equiv81ents comprlse c8sh on hand and call deposits, 8nd other short-term highly liqui investments that are readily convertible to a known 8mount of cash and are subject to an insignificant risk of change in value. Trade credltors 8re obligatTrons to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are c18851fied as current liabilities if the does not have an uncondltion81 right. 8t the end of the reporting period. to defer settlement of the creditorfor at least twelve months after the reporting date. If there is an unconditional right to defer settlemeni for 8t least e1ve months after the reportin8 date. they are presented as non-current liabilities. are recognised Initially at the transaction price and subseouenrly measured at amortised cost usingthe ettective interest rn&thod. 111
Happy Days Childcare Notes to the Flnancial Statements forthe Year Ended 31 August 2025 Borrowlngs Interest-bearing boirowings are Initially recorded at fair value, net of transaction costs. Interest-bearlng borrowings are subsequently carried 8t amortised cost. with the difference between the proceeds. net of transaction costs. and the amount due on redemption being recognised as a charg8 to the St8tement of Financial Actiwties over the period of the relevant borrowing. Interest expense is recognised on the basis of the ettective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabi111ies unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Fund structure Unrestricted Income funds are general funds that are avai18ble for use at the trustees's discretion in furtherance of the objectives of the charity. Flnanci81 instruments Classification Fin8n¢ial assets and financial liabilities are recognised when the charity becomes a partyto the contractU81 provision5 of the instrument. Financial liabilities and equity instruments are classified according to the substancè of the contractual arrangement8 entered Into. An equity instrument is any contract that evidenc88 g residual int8re8t in the assets of the charity after de(lucting all of its Liablllties. Reoognltlon andmeasurement All financial assets and liabilities are initially measured 8t transaction price (including transaction costs), except for those financlal 8SS8ts cl£ssified as ai fair v8lue through profit or loss. which are initially measured 8t fair value (which is normally the trans8¢tion price excluding transaction costsl, unles5 the 2rrangernent constitutes a financingtransaction. If an arrangement constitutes a financing transaction. the fin3ncial asset or financial liability Is measure¢J at the present value of the future payments discounted at a market raie of interest tor a similar debt instrumenr. Financial assets and liabilities Sre only offset in the statement ot financial position when, and onlywhen there exists a legally enforceable right to set off the recognised amounts and the charity intends either to $8ttle on a net basis, or to realise the a5S8t and settle the liabillty sirnultaneously. Financial assets are (Serecogntsed when and only when al the contractual rights to thè cash flows from the financial asset expire or are settled. bl the charitytransfers to another party substantially all of the risks and rewards of ownership of the financial assei. or cl the charity, despite having retained some, but not 811. significant risks and rewards of ownership. h83 transferred control of the asset to another party. Financi81 liabilities 8re derecognised onlywhen the ob(igation specified in ihe contract is discharged. cance118d or expires. 121
Happy Day5 Childcare Notes to the Financial Statements for the Year Ended 31 August 2025 Debtinstrument5 Debt instrument$ which meet the following conditions are subsequently measured at amortised cosi usingihe effective interest method.. lal The contractual return to the holder is lil a fixed amount,. lill a positive fixed rate or a positive variable rate,. or liiil a combination of a positive or a n8g8tive lixed rate and a positive variable rate. Ibl The contract may provide for repayments of the principal or the return to the holder Ibut not both) to be linked to a single relevant observable index of general price inflgtion of the currency in which the debt instrument is denominated. provided sijch links are not 18veraged. Icl The contract may provide for a d8terminable variation of the r8turn to the holder during the life of th8 instrument, provided that lil the new rate satisfies condition lal and the variation is not contingent on future events oth8r than111 a change of a contr8Ctual variable rète,'121 to protect thè holder against credit deierior8tion of the issuer,-131 changes in levies applied by a centr81 bank or 8ri8ing from changes in relevant taxation or law. or lill the new rate is 8 market rate of interest and $8tisfies condition lal. Idl There is no contractU81 provision that could. by its terms, result in the holder loslng the princip81 8mount or any interest attributable to the current per0d or prior p8riods. lel Contractual provisions that permitthe issuer to prepay a debt instrument or Permit the holderto put Trt b8ck to the issuer before maturity are nor contingent on future events. Olher than to protect the holder against the credit deterioration of the issu8r or a chang8 in control of the Issuer, or to protect the hold8r or 155uer against changes in levies aprjlied by 8 central bank or arising from changes in relevant taxation or law. If) Contractual provisions m8y permit the 8Xtensitsn of the term of the debt instrument, provicled that the return to the holder and any other contractual provisions applicable during the èxtended term satisfy the conditions ol paragr8phs lal to Icl. Debt instruments that are c18ssified ès payable or receivable within one year on Initial recognition and which meet the 8bove conditions are measured 8t the undiscounted amount of the cash or other consideration expected to be ps*d or receiv8d. nei of irnpairment. With thè exceptlon of some hedging instruments. other debt instruments not meetingthese conditions arè m88sured 8tfair value through profit or loss. Comrnitments to mske 8nd receive loans which meet the conditlDns mentioned above are me8sured ai cost (which may be nil) less impairment. Inv93tments nvestments in non-convertible preference sh8res and non-puttablè ordinary or prefer8nce shares (where shares are publicly traded or their laii value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be rlleasured reliably, investments 8re measured at cost less impairment. Investments in subsidiaries £nd associates are measured at cost less impairment.For investments in subsidiarie5 acquired for consideration Including the issue of sh8res qualifying for merger relief, cosi is measured by reference to the nominal value of the sh8res issued plus fairv8lue ol other consideraiion. Any premium 1$ ignored. 131 8g
Happy Days Chlldc8re Notes to the Financial Statements forthe Year Ended 31 August 2025 Darlvative financlal Instruments The charity uses derivative financial instruments to reduce exposure to foreign exchange risk 2nd interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes. Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The r&sulting gain or Ios5 is recogni5ed in statement of financial 8Ctivities imrnediately unless the derivative is designated and effective as a hedging instrument, In which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship. Fair value measurement The best evidence ol fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a Kecent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the rnarket is not active and recent transactions of an identical asset on their own are not a good estimate of fair value. the fair value is estimated by using a valuation technique. 2 Income from donatlons and legacies Unrestricted Funds Total 2025 Total 2024 General Grants, including capital grants,. Government grants 3 Investment income Unrestrictèd Funds Total Total Gener8l 2025 2024 Interest receivable and similar income- Interest receivable on bank deposits 141
Happy Day$ Childcare Notes to the Financlal Statements forthe Year Ended 31 August 2025 4 Other Income Unrestricted Funds Total 2025 Total 2024 General 5 Expenditure on raising funds al Costs of tradlng activitles Unrestricted Funds Total 2025 Total 2024 Genernl Costs of goods sold Other direct costs of activities for generating funds 6Analyyis ofgovernan¢e and support costs Governonce costs Unrestricted Funds Total 2025 Total 2024 General Other governance costs 7 Net incomingloutgolng resources Net outgoing resources for the year include.. 151 a
Happy Days Childcare Notes to the Financial Statements forthe Year Ended 31 August 2025 8 Trustees remuneration and expenses 9 St8ff costs The aggregate payroll costs were as follows.. Staff costs duringthe yearwgre: 2025 2024 Wages 8nd salaries No employee received emoluments of more than £60,000 during the year 10 Independent examiner's romuneration 2025 2024 Other fa*s to examlners The examining of accounts of any associate of the charity 161
Happy Days Childcare Notes to the Financial Statements tor the Year End8d 31 August 2025 11 Taxation The charity is a registered charity and is therefore exempt fTom taxation. 12 Creditors.. amounts f811ing due within one year 2025 2024 Trade creditors Other taxation and social security Other creditors 13 Funds Balance at 1 September 2024 Balance at 31 August 2025 Incomlng r850urces Resources expended Unrestricted funds General Balance at 1 September 2023 Balance at Resources 31 August expended 2024 Incoming resources Unrestri¢ted funds General 14 Analysis of net assets between funds Unrestricteil funds General Total funds Current assets Current liabilities Total net assets
Happy Days Childcare Notes to the Flnancial Statements forthe Year Ended 31 August 2025 15 Analysis of net funds At1 September 2024 At31 August 2025 Cash flow Cash at bank and in hand Net debt 181