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
r￿Sk, 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 e￿eTrt 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 per￿0d 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