COMPANY REGISTRATION NUMBER: N1603898
CHARITY REGISTRATION NUMBER: 105710
Happy Days Community Childcare Centre
Company Limited by Guarantee
Financial Statements -
31 March 2023
AUBREY CAMPBELL & COMPANY
Chartered Accountants & statutory auditor
631 Lisburn Road
Belfast
BT9 7GT

Happy Days Community Childcare Centre
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2023
2023
Restricted
funds Total funds Total funds
2022
Unreslricted
funds
Note
Income and endowments
Donations and legacies
Covid Recovery Grants
Investment income
Government Grants
658,434
3,660
78
6,491
664,925
3,660
78
635,801
30,180
39
2,975
Total income
662.172
6,491
668,663
668,995
Expenditure
Expenditure on charitable activities
Total expenditure
9,10
670,415
5,237
675,652
627,710
670,415
5,237
675,652
627.710
Net {expenditure}lincome and net
movement in funds
(8,243)
1,254
16,989)
41,285
Reconciliation of funds
Total funds brought forward
Total funds carried forward
38,956
1.384
40,340
1945)
40,340
30,713
2,638
33,351
The statement of financial activities includes all gains and losse5 recognised in the year.
All income and expenditure derive from continuing aclivities.
The notes on pages 18 to 27 form part of these financial statements.
15

Happy Days Community Childcare Centre
Company Limited by Guarantee
Statement of Financial Position
31 March 2023
2023
2022
Note
Fixed assets
Tangible fixed assets
15
9.736
10,277
Current assets
Debtors
Cash at bank and in hand
16
3,809
75,825
3,593
85,370
79,634
88,963
Creditors: amounts falling due within one year
Net current assets
17
51.919
54,200
34,763
27,715
Total assets less Current liabilities
37,451
45,040
Creditors: amounts falling due after more than
one year
18
4,100
4,700
Net assets
33.351
40,340
Funds of the charity
Restricted funds
Unrestricted funds
2,638
30.713
1,384
38,956
Total charity funds
21
33,351
40,340
These financial statements were approved by the board of trustees and authorised for issue on 28
November 2023, and are signed on behalf of the board by:
Pastor J Payne
Trustee
Mrs H Kyle
Trustee
The notsg on pages 18 to 27 forni part of these flnanclal staternents.
16

Happy Days Community Childcare Centre
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2023
2023
2022
Cash flov￿ from operating activities
Nel {expenditure)lincome
{6,989)
41,285
Adjustments for..
Depreciation of langible fixed assets
Other interest receivable and similar income
Accrued expenses
Government grant income
Covid recovery grants
3,191
(78}
88
3,252
(39)
7.053
(2,975)
130,180)
13.660)
Changes in..
Trade and other debtors
Trade and other creditors
(304)
(2,8811
(10,633)
11,103)
12,286)
15,007
Cash generated from operations
Interest received
78
39
Net cash (used in)Ifrom operating activities
{10,555)
15,046
Cash flolvs from investing activities
Purchase of tangible assets
Net cash used in investing activities
(2,650}
(2,650)
14,501)
14,501)
Cash flows from financing activities
Government grant income
Covid recovery Grants
Net cash from financing activities
2,975
30,180
3,660
3,660
33,155
Net (decrease)lincrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
(9,5451
85,370
43,700
41,670
75,825
85,370
Tho notes on pages 18 to 27 forni part of these financlal statements.
17

Happy Days Community Childcare Centre
Company Limited by Guarantee
Notes to the Financial Ststements
Year ended 31 March 2023
General information
The charity is a public benefit entity and a private company limited by guarantee, registered in N
Ireland and a registered charity in Northern Ireland. The address of the registered ofFice is 14
Garryduff Road, 8allymoney, BT53 7AF.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 102)) and the Companies Act 2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilitie5 and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling. which is the functional currency of the entity.
Going concern
The accounts have been prepared on the going concern basis, and in doing so it has been
assumed that the company will be able to continue in operational existence for the foreseeable
future and to meet its liabilities as they fall due.
In discussing the going concem status of the company in the short to medium term, the Trustees
are satlsfied that there continues to be a demand for high quality childcare in the local area, and
that Happy Days Community Childcare Centre has successfully maintained its market share. The
Trustees reiterate their belief that should the need arise, the business will have the full backing of
the Church of God, which owns the property from which Happy Days operates, and was
instrumental in its establishment.
The Trustees are mindful, however, that should income fall or expenditure increase pervasively,
the going concern basis of preparation may become invalid.
In conclusion, the financial statements have been prepared on a going concern basis, the validity
of which depends on the operational success of the charity and ongoing support from the third
parties alluded to above. They do not include any adjustments that would result from
un-maintainable losses or the withdrawal of this support. In such circumstances, the going
concern basis of preparation may become invalid, and adjustments would have to be made to
reduce the value of assets to their recoverable amount to to provide for any further liabilities
which might arise, and to reclassify fixed assets as current assets.
18

Happy Days Community Childcare Centre
Company Limited by Guarantee
Notes to the Financial Statements (Continued)
Year ended 31 March 2023
Accounting policies {¢ontinuedJ
Judgements and key sources of estimation uncertalnty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the amounts reported. These estimates and judgements
are continually reviewed and are based on experience and other factors, including expectations
of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular fulure project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or
endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity., it is probable that the economic benefits associated with the transaction
will flow to the charity and the amount can be reliably measured. The following specific policies
are applied to particular categories of income-
income from donations or grants is reGognised when there is evidence of entitlement lo the
gift, receipt is probable and its amount Can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the
accounts when received if the value can be reliably measured. No amounts are included for
the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a conlraclual
requirement for it to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
19

Happy Days Community Childcare Centre
Company Limited by Guarantee
Notes to the Financial Ststements (continued)
Year ended 31 March 2023
Accounting policies (continuedj
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activities to which it relates..
expenditure on raising funds includes the costs of all fundraising activities, events,
non-charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries. including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
btheen the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is shown wilhin
other recognised gains and losses on the statement of financial activities.
Depreciatlon
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual
value, over the useful economic life of that asset as follows=
Motor Vehicles
Equipment
25% reducing balance
20 % straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
20

Happy Days Community Childcare Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
Accounting policies (continued)
Impairment of fixed assets (conunued)
For the purposes of impaimient testing, when it is not POS5ible to estimate the recoverable
amount of an individual asset, an estimate 15 made of the recoverable amount of the
cash-generating unit to which the asset belongs. The cash-generating unit is the smallest
identifiable group of assets that includes the asset and generales cash inflows that largely
independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocaled to each of the cash-generating units that are expected lo benefit from
the synergies of the combination, irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Short temi employee benefits
The company provides short term benefits including holiday pay to their employees. These are
recognised as an expense in the period in which the service is received.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a paty to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any relaled transaGlion costs.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can othewise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless
payment for an asset is deferred beyond normal business terms or financed at a rate of interest
that is not a market rate, in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes
recognised in the statement of financial activities, with the exception of hedging instruments in a
designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading in the statement of financial
activities in which the initial gain was recognised.
21

Happy Days Community Childcare Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
Accounting policies (continued)
Financial instruments (continued)
For all equity instruments regardless of significance, and other financial assets that are
individually significant, these are assessed individually for impairment. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which
the related service is provided. Prepaid contributions are recognised as an asset to the extent
that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the
reporting date in which the employees render the related service, the liability is measured on
discounted present value basis. The unwinding of the dis¢ount is re¢ognised as an expense in
the period in which it arises.
Limited by guarantee
The company is limited by guarantee, has no share capital and is recognised as a Charity by HM
Revenue and Customs. The liability ol members of the company is limited to £1 per member.
Donations and legacies
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donations
Fees
Milk scheme
Fundraising for Children in Need
656,455
1,979
656,455
1,979
370
370
Grants
H&SCB Grant
Apprenticeship Scheme
6.121
6,121
658,434
6,491
664,925
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Donations
Fees
Milk scheme
Fundraising for Children in Need
619,804
1,838
619,804
1,838
435
435
22

Happy Days Community Childcare Centre
Company Limited by Guarantee
Notes to the Financial Statements (Continued)
Year ended 31 March 2023
Donations and legacies (¢ontinuedJ
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Grants
H&SCB Grant
Apprenticeship Scheme
13.224
13,224
500
500
622,142
13,659
635,801
Covid recovery grants
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Early years - Childcare recovery fund
3,660
3,660
30.180
30,180
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Bank interest receivable
78
78
39
39
Government grants
Unrestrictecl Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Government Grants
2.975
2,975
Expenditure on charitable activities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Childcare provision
Support Costs
667,415
3,000
5,237
672,652
3,000
670,415
5,237
675,652
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Childcare provision
Support costs
612,435
3,000
12.275
624,710
3,000
615,435
12,275
627,710
23

Happy Days Community Childcare Centre
Company Limited by Guarantee
Notes to the Financial Ststements (¢ontlnuedJ
Year ended 31 March 2023
10. Expenditure on charitable actlvlties by activity type
Activities
undertaken
directly
Support Total funds
costs
2023
Total fund
2022
Childcare provision
Governance costs
672,652
672,652
3,000
675,652
624,710
3.000
3,000
672,652
3,000
627,710
11. Net (expenditure)Ilncome
Net (expenditure)lincome is stated after chargingl{crediting).'
2023
2022
Depreciation of tangible fixed assets
3,191
3,252
12. Auditors remuneration
2023
2022
Fees payable for the audtt of the financial statements
3.000
3,000
Fees payable to the charity's auditor and its associates for other services..
Other non-audit services
4.752
3,925
13. Staff costs
The average head count of employees during the year was 37 (2022: 39). The average number
of full-time equivalent employees during the year is analysed as follows:
2023
No.
2022
No.
Number of management staff
Number of nursery staff
35
37
37
39
No employee received employee benefits of more than £60.000 during the year (2022: Nil).
14. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity were received by any of the
trustees.

Happy Days Community Childcare Centre
Company Limited by Guarantee
Notes to the Financial Statements (¢ontinued)
Year ended 31 March 2023
15. Tangible fixed assets
Motor
vehicles
Equipment
Total
Cost
At 1 April 2022
Additions
15,300
12,587
2,650
27,887
2,650
At 31 March 2023
15,300
15,237
30,537
Depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
8,845
1,614
8,765
1,577
17,610
3,191
10,459
10,342
20,801
Carrying amount
At 31 March 2023
4,841
4,895
9,736
At 31 March 2022
6,455
3,822
10,277
16. Debtors
2023
2022
Trade debtors
Prepayments and accrued income
Other debtors
2,361
1,448
2,414
439
740
3,809
3,593
17. Creditors: amounts falling due within one year
2023
2022
Accruals and deferred income
Social security and other taxe5
Pension creditor
Other creditors
42,923
5,783
2,613
600
47.696
3,921
1,983
600
51,919
54,200
18. Creditors: amounts falling due after more than one year
2023
2022
Other creditors
4,100
4,700
25

Happy Days Community Childcare Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
19. Deferred income
2023
2022
Amount deferred in year
14,686
16,846
In the current year the charily has deferred income of £14,686 (2022= £16,846). This relates to
invoices raised in the current year for childcare provision post year end.
20. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined
contribution plans was £12,466 (2022- £12,252).
21. Analysis of charitable funds
Unrestricted funds
At
31 March 20
23
At
1 April 2022
Income Expenditure
General funds
38,958
662,172
(670,415)
30,713
At
31 March 20
22
At
1 April 2021
Income Expenditure
General funds
{945)
855,336
(615,435)
38,956
Restricted funds
At
31 March 20
23
At
1 April 2022
Income Expenditure
Restricted Fund - Happy Days
Community Childcare
1,384
6,491
(5,237)
2,638
At
31 March 20
22
At
1 April 2021
Income Expenditure
Restricted Fund - Happy Days
Community Childcare
13,659
(12,275)
1,384
26

Happy Days Community Childcare Centre
Company Limited by Guarantee
Notes to the Financial Statements (contlnuedj
Year ended 31 March 2023
22. Analysis of net assets between funds
Unrestricled
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Net assets
7,098
79,634
(51,919}
(4,100)
30,713
2,638
9,736
79,634
151,919)
14,100)
33,351
2,638
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Tangible fixed assets
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Net assets
8,893
88,963
154,200)
(4,700)
38,956
1,384
10,277
88,963
154,200)
{4,700}
40,340
1,384
23. Limitation of auditor's liability
The company has entered into a liability limitation agreement with its auditor. Aubrey Campbell
and Company, on the following basis..
(a) the maximum aggregate amount of the auditorfs liability to the company shall not exceed the
sum of five times the fees payable lexGluding expenses and value added lax) under the
engagement letter agreed for the financial period, or £30,000, whichever is the lesser amount.
(b) the agreement was passed by a resolution of the company's trustees on 1 st November 2023.
24. Financial instruments
Where reduced disclosures are applied, disclosures from the Companies Act 2006 still need to
be made regarding the fair value of the instruments in each category and the changes in value
recognised in profit and loss. Disclosures of the significant assumptions underlying the valuation
models and techniques used, and extent and nature of derivative instruments are also required.
25. Analysis of changes in net debt
At
At 1 Apr 2022 Cash flows 31 Mar 2023
Cash at bank and in hand
85,370
{9,545)
75,825
26. Related parties
During the year, Happy Days Community Childcare Centre paid £38,400 (2022-. £38,400) to the
Church of God at Ballymoney. This was by way of a long established Service Level Agreement.
At the year end, Happy Days Community Childcare Centre owed the Church of God at
Ballymoney £4,700 (2022.. £5,300).
27