COMPANY REGISTRATION NUMBER: N1603898
CHARITY REGISTRATION NUMBER: 105710
Happy Days Community Childcare Centre
Company Limited by Guarantee
Financial Statements
31 March 2025
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 2025
2025
Restricted
funds Total funds Total funds
2024
Unrestricted
funds
Nots
Income and endowments
Donations and legacies
Investment income
766,947
323
3,794
770,741
323
688,348
411
Total Income
767,270
3,794
771,064
688,759
Expenditure
Expenditure on charitable activities
Total expenditure
762,152
4,540
766,692
735,208
762,152
4,540
766,692
735,208
Net incomel(expenditure) and net
movement In funds
5,118
(746)
4,372
{46,449)
Reconciliatlon of funds
Total funds brought fO￿ard
Total funds carried fonNard
(14,990)
(9,872)
1,892
(13,098)
(8,726)
33,351
1,146
(13,098)
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Tho notes on pages 18 to 27 forni part of thoso flnanclal statemonts.
15-

Happy Days Community Childcare Centre
Company Limited by Guarantee
Statement of Financial Position
31 March 2025
2025
2024
Note
Fixed assets
Tangible fixed assets
13
6,763
7.823
Current assets
Debtors
Cash at bank and in hand
14
7,988
40,907
2,693
34,007
48,895
36.700
Creditors: amounts falling due within one year
Net current assets
15
64,384
57,621
(15,489
(8.726)
(8,726)
(20,921)
(13,098)
113,098}
Total assets less current liabilitles
Net Ilablllties
Funds of the charity
Restricled funds
Unrestricted funds
1,146
19,872)
(8,7261
1.892
(14,990)
(13,098)
Total charity funds
18
These financial statements were approved by the board of trustees and authorised for issue on 4
December 2025. and are signed on behalf of the board by-.
Pastor J Payne
Trustee
Mrs H Kyle
Trustee
The notos on pages 18 to 27 form part of these flnanclal staternents.
16-

Happy Days Community Childcare Centre
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2025
2025
2024
Cash flows from operating activities
Net incomel(expenditure)
4,372
(46,449)
Adjustments for
Depreciation of tangible fixed assets
Olher interest receivable and similar income
Accrued (income)lexpenses
2.908
(323)
{6,687)
2,915
{411)
4,244
Changes in..
Trade and other debtors
Trade and other creditors
{5,306)
13,461
8,425
1,074
(2,600)
(41,227)
Cash generated from operations
Interest received
323
411
Net cash frorn/(used in) operating activities
,748
(40,816)
Cash flows from investing activities
Purchase of tangible assets
Nel cash used in investing activities
(1,848)
(1,848)
(1,002)
(1,002)
Net increasel(decreasel In cash and cash equivalents
Cash and cash equlvalents at beginnlng of year
Cash and cash equlvalents at end of year
6,900
34,007
40,907
(41,818}
75,825
34,007
The note8 on pages 18 to 27 fomi part of those financial statsmgnts.
17-

Happy Days Community Childcare Centre
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2025
General information
The charity is a public benefit entity and a private company limited by guarantee, registered in N
Ireland and a regiSte￿d charity in Northern Ireland. The address of the registered office is 14
Garryduff Road, Ballymoney, 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 liabilities 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.
Golng concern
The Trustees are satisfied that there continue5 to be demand for high quality childcare in the
local area, and that they have successfully maintained market share. A comprehensive
evaluation of the company's service delivery was performed to identify potential weaknesses and
to implement necessary changes. This has led to an increase in fee income of £39,743. In
addition, introducing the Nl Childcare Subsidy Scheme in September 2024 has been an
ovemhelming success, contributing £41,861 to the resultant in-year surplus.
Atthough childcare provision continues to be affected by increasing operating costs, not least
fuelled by increases in the National Living and National Minimum Wage, the Trustees are hopeful
that the return to surplus will perpetuate in future years, and that the overall financial position of
the company will improve. The Trustees are most grateful to have the ongoing support of
Ballymoney Church of God, who continue to appreciate the immense contribution that Happy
Days makes on a daily basis within our community. Their commitment, demonstrated by their
effort5 to transform the business, is clear. Their goal is suslainabilily.
The Trustees are nonetheless mindful that should income fall, subsidies become unavailable or
expenditure increase pervasively, the going concern basis of preparation may become invalid.
The financial statements have been prepared on a going concern basis, Ihe 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 withdrawal of this
support. Accordingly, 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 such
circLsmstances, the going concern basis of preparation may become invalid, and adjustments
would have to be made to reduce the value of assels lo their recoverable amount to provide for
any further liabilities which might arise, and to reclassify fixed assets as current asset5.
18-

Happy Days Community Childcare Centre
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2025
Accounting policies (contlnuodj
Judgements and key sources of estlmatlon uncertainty
The p￿paratIOn 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 eamarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the temis of an appeal, and fall into one of two sub-classes.. restricted income funds or
endowment funds.
Incoming r8sources
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 recognised when there is evidence of entitlement to 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 contractual
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 Statements (¢ontlnued)
Year ended 31 March 2025
Accounting policies fcontlnued)
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-charrtable 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 ￿lated to raising funds for the
charity nor part of its expenditure on charitable activities.
All cosls 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
between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible asset5
Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impaimient 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 Ihe 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 oftsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Depreciation
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
250/0 reducing balance
209/0 Straight line
Impairment of fixed assets
A review for indicators of impairment is carried out al each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amounl, 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 Ststements (¢onllnued)
Year ended 31 March 2025
Accounting policles (¢ontlnuedJ
Impalrment of fixed assets (¢ontlnu•dJ
For the purposes of impairment testing, when it is not possible to estimate the recoverable
amount of an individual asset, an estimate is 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 generates 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, allocated to each of the cash-genepting units that are expected to 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 benefrts including holiday pay to their employees. These are
recognised as an expense in the period in which the service is received.
Financlal instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequentty measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Vvhere investments in shares are publicly traded or their fair value can otherwise 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 instrumenls in a
designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objedive evidence
of impairment at the end of each reporting date. If there is objective evidence of impaimient, 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 (¢ontlnu•d)
Year ended 31 March 2025
Accounting policles fcontlnu8d)
Flnancial instruments {continuedJ
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 whal the carrying amount would
have been had the impaimient 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.
Wheri 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 a
discounted present value basis. The unwinding of the discount is recognised as an expense in
the period in which it arises.
Llmlted 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 of members of the company is limited to £1 per member.
Donations and legacies
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Donations
Fees
Milk scheme
Fundraising for Macmillan Cancer Support
Fundraising for Children in Need
Fundraising for Sandelford School
Fundraising for Nl Children's Hospice
Commissions from Tempest Photography
Fundraising for Harry's Help
Fundraising for Save the Children
Other donations
764,972
1,745
764,972
1,745
268
268
190
190
176
225
40
176
225
40
Grants
H&SCB Grant
All AgeslBeth Johnston Foundation Grant
3,000
125
3,000
125
766.947
3,794
770,741
-22-

Happy Days Community Childcare Centre
Company Llmited by Guarantee
Notes to the Financial Statements fcontlnu•dJ
Year ended 31 March 2025
Donatlons and legacies (continued)
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Donations
Fees
Milk scheme
Fundraising for Macmillan Cancer Support
Fundraising for Children in Need
Fundraising for Sandelford School
Fundraising for Nl Children's Hospice
Commissions from Tempest Photography
Fundraising for Harry's Help
Fundraising for Save the Children
Other donations
683,369
1,734
683,369
1,734
398
226
135
158
168
398
226
135
158
168
Grants
H&SCB Grant
All AgeslBeth Johnston Foundation Grant
2,160
2,160
685,271
3,077
688,348
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Bank interest receivable
323
323
411
411
Expendlture on charitable activltles by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Childcare provision
Support costs
759,152
3,000
762.152
4,540
763,692
3,000
766,692
4,540
Unrestricted
Funds
Restricted Total Fund5
Funds
2024
Childcare provision
Support costs
728,385
3,000
3,823
732,208
3,000
731.385
3,823
735,208
-23-

Happy Days Community Childcare Centre
Company Limited by Guarantee
Notes to the Financial Ststements {¢ontlnu•d)
Year ended 31 March 2025
Expenditure on charltsble activitles by activity type
Activities
undertaken
directly Support costs
Total funds
2025
Total fund
2024
Childcare provision
Govemance Costs
763,692
763,692
3,000
732.208
3.000
3.000
763,692
3,000
766,692
735,208
Net incomel(expenditure)
Net in¢omel(expenditure) is stated after chargingl(crediting}'.
2025
2024
Depreciation of tangible fixed assets
2,908
2,915
10. Auditors remuneration
2025
2024
Fees payable for the audit 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
6,328
4.030
11. Staff costs
The total staff costs and employee benefrts for the reporting period are analysed as follows:
2025
2024
Wages and salaries
Employer contributions to pension plans
634,317
17,612
600,657
15,924
651,929
616,581
The average head count of employees during the year was 38 (2024.. 37). The average number
of full-time equivalent employees during the year is analysed as follows..
2025
2024
No.
Number of management staff
Number of nursery staff
36
35
38
37
No employee received employee benefils of more than £60,000 during the year {2024.' Nil).
-24-

Happy Days Community Childcare Centre
Company Limlted by Guarantee
Notes to the Financial Statements {contlnuedJ
Year ended 31 March 2025
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity were received by any of the
trustees.
13. Tangible fixed assets
Motor
vehicles
Equipment
Totsl
Cost
At 1 April 2024
Additions
Disposals
At 31 March 2025
15,300
16,239
1,848
(313)
17,774
31,539
1,848
(313)
33,074
15,300
Depreclation
At 1 April 2024
Charge for the year
Disposals
At 31 March 2025
11,669
908
12,047
2,000
(313)
13,734
23,716
2,908
{313)
26.311
12,577
Carrylng amount
At 31 March 2025
2.723
4,040
6.763
At 31 March 2024
3,631
4,192
7,823
14. Debtors
2025
2024
Trade debtors
Prepayments and accrued income
7,113
875
1,820
873
7,988
2,693
15. Creditors: amounts falling due within one year
2025
2024
Accruals and deferred income
Social security and other tsxes
Pension credltor
54,425
6,381
3,578
48,218
6,382
3,021
64,384
57,621
16. Deferred Income
2025
2024
Amount deferred in year
28,684
15,779
-25-

Happy Days Community Childcare Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
16. Deferred income (contlnued)
In the current year the charity has deferred income of £28,684 (2024.. £15,779). This relates to
invoices raised in the current year for childcare provision post year end.
17. 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 £17,612 (2024: £15,924).
18. Analysis of charitable funds
Unrestricted funds
At
31 March 202
At
1 April 2024
Income Expenditure
General funds
(14,990)
767,270
(762,152)
(9,872)
Al
31 March 202
At
1 April 2023
Income Expenditure
General funds
30,713
685,682
(731,385)
(14,990)
Restrlcted funds
At
31 March 202
At
1 April 2024
Income Expenditure
Restricted Fund - Happy Days
Community Childcare
1,892
3,794
(4,540)
1,146
At
31 March 202
At
1 April 2023
Income Expenditure
Restricted Fund - Happy Days
Community Childcare
2,638
3,077
(3,823)
1,892
-26-

Happy Days Community Childcare Centre
Company Limited by Guarantee
Notes to the Financial Statements (¢ontlnued)
Year ended 31 March 2025
19. Analysls of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Tangible fixed assets
Current assets
Creditors less than 1 year
Net Ilabllltles
5,617
48,895
(64,384)
(9,872)
1,146
6,763
48,895
164,384)
(8,726)
1,146
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Net liabilities
5,931
36,700
{57,621)
1,892
7,823
36,700
(57,621)
{14,990)
1,892
(13,098)
20. 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 exient and nature of derivative instruments are also ￿quIred.
21. Analysis of changes in net debt
At
At 1 Apr 2024 Cash flows 31 Mar 2025
Cash at bank and in hand
34.007
6,900
40,907
22. Related partles
During the year, Happy Days Community Childcare Centre paid £33,000 (2024.. £37,700) to the
Church of God at Ballymoney. This was by way of a long established Service Level Agreement.
In the prior period an amount of £4,150 was wriiten off relating to a car loan that the charity
loaned from the church.
-27-