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REGISTERED COMPANY NUMBER: 02639512 (England and Wales)

REGISTERED CHARITY NUMBER: 1010943















REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR


HAPPY DAYS CHILDRENS CHARITY


HAPPY DAYS CHILDRENS CHARITY


CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 March 2024












Page



Report of the Trustees  

1


to


7


Report of the Independent Auditors  

8


to


11


Statement of Financial Activities  

12



Balance Sheet  

13



Cash Flow Statement  

14



Notes to the Cash Flow Statement  

15



Notes to the Financial Statements  

16


to


28


HAPPY DAYS CHILDRENS CHARITY (REGISTERED NUMBER: 02639512)


REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 March 2024




The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).


OBJECTIVES AND ACTIVITIES

Objectives and aims

The principal objectives of the Charity are:

1. to help and educate young persons, through their leisure-time and holiday activities, so as to develop their physical, mental and spiritual capabilities that they may grow to full maturity as individuals and that their conditions of life may be improved.

2. to advance the education of young people by the provision of facilities for holidays.

Public Benefit

The Charity exists for the public benefit and our Memorandum and Articles of Association commit us to providing respite breaks through leisure and holiday activities for children with special needs.

The Trustees have given regard to the Charity Commission's guidance on public benefit when setting the aims and objectives for the year.

The main policies adopted are respite break family holidays of a 2 - 3 night duration and family day trips for children with special needs, i.e. children who are sick, disabled, abused looked after children, neglected and/or disadvantaged by poverty and children who have a life limiting condition, to a variety of destinations both in the UK and in day trips to theme parks, theatres, zoos and other attractions for groups of special needs children throughout the UK, residential group activity holidays and live performing arts experiences for groups of children in the UK.

The children are nominated in several ways:

a) Through Social Services b) From schools/centres for children with special needs
c) From doctors, nurses and health visitors d) From parents and/or guardians
e) Support groups f) Women's refuge centres
g) Other Charitable organisations

There have been no material changes in the policy of the Charity in this period.

Volunteers

The Charity receives no material donated services and places a minimal reliance on volunteers.

Risk Management

The board of trustees and delegated staff review the major risks of the charity of all financial, operational, regulatory and reputational risks.

Safeguarding

Safeguarding is an important part of our work. All of the adult carers that accompany children on day trips, group activity holidays and holidays are all known to the children. They are either their teachers, teaching assistants, approved carers or family members. We have a safeguarding policy for children and a separate one for vulnerable adults.

Data Protection

The charity holds data from a number of different sources and has a robust policy to ensure full compliance with GDPR.


HAPPY DAYS CHILDRENS CHARITY (REGISTERED NUMBER: 02639512)


REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 March 2024



OBJECTIVES AND ACTIVITIES

Reputational Risk

Risks associated with adverse publicity involving a service provider, supplier or supporter are ongoing. If necessary to protect the charity's good name relationships would be terminated.

We have robust policies for:

- Financial controls
- Financial reserves
- Complaints
- Serious incidents
- Trustee expenses
- Conflicts of interest
- Investing charity funds
- Social media
- Health and safety
- Equal opportunities and dignity at work

STRATEGIC REPORT

Achievement and performance

Charitable activities

We are pleased that we are recovering well following the pandemic. The charity managed to significantly increase its income through its fundraising efforts which has resulted in a larger expenditure and many more thousands of children have benefited.

The number of children helped was 33,561 (2023: 33,139). 27,010 children were able to experience a performing arts production. 4,609 children went to either a theme park, zoo, animal park, seaside or place of interest. The Charity provided family breaks for 267 children and their families to various destinations across the UK. We also enabled 1,625 children to benefit from a group activity holiday to various centres across the UK, and also a few abroad.

We have been able to give some of the most needy and vulnerable children in our society the magic of live theatre, educational trips, outings of pure fun and excitement to many diverse attractions across the whole UK. Respite breaks were arranged for families with special needs children who were able to spend some quality time together in a more tranquil setting. Many of the children have complex medical problems and some sadly have a life limiting condition. Every positive experience that can be brought into a child's life is so valuable in what can be a very uncertain future. We wish to express our thanks and gratitude to all our donors - for their continued and invaluable support, enabling us to help a record number of children. Not forgetting any community foundations, companies, individuals and Grant Making Trusts for their kind support e.g.The Big Lottery, Awards For All and the Freemasons across the UK to name but a few.


HAPPY DAYS CHILDRENS CHARITY (REGISTERED NUMBER: 02639512)


REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 March 2024



STRATEGIC REPORT

Achievement and performance

The benefits for the children

Visiting theatre performances and trips to the theatre
The performances teach the children about the world, about history, about geography, about people and emotions. The performances promote empathy and help the children to understand themselves and others. By experiencing live theatre the children can enhance their creativity, imagination and understanding of different perspectives and emotions. The experience of music, drama and live theatre is not one that the children usually experience. It is a very positive experience that supports positive mental health and attitudes. The children join in and engage in a very immersive opportunity. The children rarely, if ever, get to see live performing arts and so these performances are a wonderful opportunity to introduce that magic into their lives.

Residential group activity holidays
The residential group activity holidays enable children with disabilities to achieve their true potential through the challenge of outdoor adventurous activities in the countryside. The residential courses are individually designed to promote education, inclusion, independence and self- motivation for those with even the most severe disabilities. every young person should experience the world beyond home and classroom as an essential part of learning and personal development whatever their ability or circumstances. According to research people with complex learning needs are more susceptible to emotional and mental health conditions than the rest of the population. The growing body of evidence indicates that greater exposure to, or contact with natural environments and time spent on holiday is associated with better physical, social and emotional well- being.

Holidays
Caring for a child with special needs is an enormous responsibility and one taken gladly by the parents. However. a break away means that the family spend quality time together bonding, resting and having some much needed fun. They get to spend time away from their day to day cares and worries.

Day trips
The children go to all sorts of wonderful venues such as theatres, wildlife parks, theme parks and places of interest in towns, cities and the countryside. These opportunities help to improve their social and communication skills. The children rarely, if ever get day trips out and these are wonderful opportunities for them. Studies show that people with diverse needs and abilities take part in fewer activities and participate less frequently than those without diversity, and they tend to have fewer friends.

These opportunities enable the children and their families to take part in an activity more often enjoyed by the wider community, thereby promoting social inclusion.

The Charity to date has helped in excess of 383,000 children across the United Kingdom to attend many diverse attractions, to enable the children's lives to be more enriched and that they have experienced something positive that can be built on towards their future development. For many of the children it will be a first time experience outside of their normal environment, which will broaden their outlook and help improve their social skills.

We are very grateful for the continued support in the coming year from various trusts, companies and individuals. We are determined to reach as many children as possible who need our help. We are pleased to hear positive feedback from families and groups who have had family breaks and outings. This helps us to evaluate the work we do and that we can ensure that the types of activities undertaken are of great benefit to the children, not just with the immediate effect but with the longer term benefit of renewed strength of spirit, positive well being, confidence and forward going thinking. Happy Days is very keen to benefit as many children from poor socio-economic backgrounds and minority groups, thereby creating harmony and integration into the community.

As we approach the new financial year we do so with optimism and determination that we will help more children with special needs and disabilities to have positive experiences to improve their well-being.


HAPPY DAYS CHILDRENS CHARITY (REGISTERED NUMBER: 02639512)


REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 March 2024



STRATEGIC REPORT

Financial review

Reserves policy

Reserves now stand at 6 months of expenditure. This is to ensure that the charity has sufficient funds in place to continue its activity.

The charity had a deficit of £1,639 at the year end (2023 - £93,020) due to a catch up of expenditure after the pandemic.

Total incoming resources for the year ended 31st March 2024 amounted to £1,050,126 (2023: £977,520).  Total payment and support costs for respite break family holidays and leisure time activities of £790,251 were expended during the year to 31st March 2024 (2023: £810,459).  At the year end Unrestricted Funds carried forward amounted to £252,663 (2023: £226,668). Total restricted income was £635,240 of which £662,874 was expended during the year.  This left an unexpended balance of £91,468 at 31st March 2024 (2023: £119,102).


Happy Days is very dependent on income from the general public and business sector alike. Happy Days does not benefit from local government grants and is solely dependent on its own fundraising.


The charity's funds have been applied as follows:


1.   To provide funding towards residential activity for groups of special needs children within the accepted criteria..


2.   To provide day trips/group outings to children within the accepted criteria.


3.   To provide trips to performing arts productions and visiting theatre performances to children within the accepted criteria.


4.   To provide family day trips and family holidays for children within the accepted criteria.


5.   To the running costs of the families and day trips department which enables the above activity to take place.


6.   To the costs of the Charity's fundraising activity and further expanding the fundraising activity.


7.   To pay for the running of the Charity.


8.   To setting aside sufficient reserves which may be called upon in the eventuality of priority cases, or an emergency such as the recent pandemic to continue its activity.


Future plans

The Charity remains cautious in the present financial climate, but still hopes to help more children in the next year, and will be seeking to gain new donors.  This will help to create a steady income for the Charity.  Happy Days is looking forward to working with corporate sponsors and grant making trusts and for many children to benefit as a result.


The Charity intends to help groups of children who are suffering from life-limiting conditions by way of wonderful days out in addition to the holidays presently undertaken.


The demand for help for children falling into the Charity's criteria is ever on the increase.  The Charity intends to continue its policy for increasing the amount of day trips/group outings.  The trustees wish to see children benefiting from inner city areas and minority groups and are keen to invite applications from such groups, thereby creating harmony and integration into the community.  The Charity wishes to encourage the referrals of families with children who have special needs on low incomes/in receipt of benefits to apply for assistance.  We also wish to see the children benefiting from the day trip activity to be more involved in the actual planning and evaluating of the trip activity.


It is felt that providing such activities for the children within the criteria stated, who are often in despair, will help promote greater spiritual well being.  This will encourage renewed energy and determination to tackle the ongoing situation or to continue to cope with tragic circumstances.



HAPPY DAYS CHILDRENS CHARITY (REGISTERED NUMBER: 02639512)


REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 March 2024



STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The company was incorporated on 21st August 1991, as a company limited by guarantee, not having a share capital and being a registered charity in England and Wales.  The governing document of the company is its Memorandum and Articles.


Recruitment and appointment of new trustees

The Charity seeks to have on its board, members with the right skills set to enable it to be managed in an effective manner. Any new appointment is made at a properly constituted trustees' meeting.

Organisational structure

The Chief Executive of the Charity is supported by two senior managers in the day to day running of the Charity. These are the Director of Fundraising and the Fundraising Manager. There is full support from an administration team. Only senior managers and administration members have authority limits for ordering purposes which are: £250 - £500. Authorisation of any commitments up to £1,000 need to be approved by the Chief Executive and commitments above £1,000 can only be entered into when signed off by a trustee.

Induction and training of new trustees

New trustees receive the necessary induction in regard to responsibilities and visit the office of the Charity to meet all members of staff, looking through the charity literature including recent accounts and minutes of trustees' meetings and finally meeting with Senior Management and existing trustees.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

02639512 (England and Wales)


Registered Charity number

1010943


Registered office

Unit 6 & 7

The Glover Centre

23 - 25 Bury Mead Road

Hitchin

Hertfordshire

SG5 1RP


Trustees

Mrs B G Russell

Mrs D E May

Mrs R Rees

Mr J Selmes

Mr L J Meenan (appointed 24.1.24)


Company Secretary

Mrs B G Russell



HAPPY DAYS CHILDRENS CHARITY (REGISTERED NUMBER: 02639512)


REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 March 2024



REFERENCE AND ADMINISTRATIVE DETAILS

Auditors

Bradshaw Johnson

Chartered Accountants

Statutory Auditor

Eligible to act as auditor in terms of

Section 1212 of the Companies Act 2006

Croft Chambers, 11 Bancroft

Hitchin

Hertfordshire

SG5 1JQ


Bankers

The Co-operative Bank PLC

PO Box 250

Skelmersdale

Lancashire

WN8 6WT


Solicitors

Taylor Walton Solicitors

28 - 44 Alma Street

Luton

LU1 2PL


Chief Executive

Mr R Sinclair


STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Happy Days Childrens Charity for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charity SORP;
-make judgements and estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

-there is no relevant audit information of which the charitable company's auditors are unaware; and
-the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.


HAPPY DAYS CHILDRENS CHARITY (REGISTERED NUMBER: 02639512)


REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 March 2024



AUDITORS

The auditors,  Bradshaw Johnson, will be proposed for re-appointment at the forthcoming Annual General Meeting.


Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 28 August 2024 and signed on the board's behalf by:






Mrs B G Russell - Secretary


REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

HAPPY DAYS CHILDRENS CHARITY



Opinion


We have audited the financial statements of Happy Days Childrens Charity (the 'charitable company') for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:

- give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and

- have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report.  We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.  We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.


Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.


Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.


In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.  We have nothing to report in this regard.


Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-

the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-

the Report of the Trustees has been prepared in accordance with applicable legal requirements.


REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

HAPPY DAYS CHILDRENS CHARITY



Matters on which we are required to report by exception


We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

- the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or

- the charitable company has not kept adequate accounting records; or

- the financial statements are not in agreement with the accounting records and returns; or

- we have not received all the information and explanations we require for our audit.


Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.


REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

HAPPY DAYS CHILDRENS CHARITY



Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.


Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:


We considered the nature of the Charitable Company's sector and its control environment, and reviewed the Charitable Company's documentation of their policies and procedures relating to fraud and compliance with laws and regulations. We also enquired of management about their own identification and assessment of the risks of irregularities.


We obtained an understanding of the legal and regulatory framework that the Charitable Company operates in, and identified the key laws and regulations that:

- had a direct effect on the determination of material amounts and disclosures in the financial statements. These included guidance from the UK Companies Act, and Charity Commission; and

- do not have a direct effect on the financial statements but compliance with which may be fundamental to the Charitable Company's ability to operate or to avoid a material penalty.


We discussed among the audit engagement team including relevant internal specialists such as tax specialists regarding the opportunities and incentives that may exist within the organisation for fraud and how and where fraud might occur in the financial statements.


In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments; assessed whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluated the business rationale of any significant transactions that are unusual or outside the normal course of business.


In addition to the above, our procedures to respond to the risks identified included the following:

- reviewing financial statement disclosures by testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- enquiring of management concerning actual and potential litigation and claims, and instances of non-compliance with laws and regulations; and

- reading minutes of meetings of those charged with governance, and reviewing

correspondence with HMRC.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.


REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

HAPPY DAYS CHILDRENS CHARITY



Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.





Mr Neil C Harding (Senior Statutory Auditor)

for and on behalf of Bradshaw Johnson

Chartered Accountants

Statutory Auditor

Eligible to act as auditor in terms of

Section 1212 of the Companies Act 2006

Croft Chambers, 11 Bancroft

Hitchin

Hertfordshire

SG5 1JQ


12 September 2024


HAPPY DAYS CHILDRENS CHARITY


STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 March 2024



31.3.24


31.3.23


Unrestricted


Restricted


Total


Total


fund


funds


funds


funds


Notes

£   

£   

£   

£   


INCOME AND ENDOWMENTS FROM

Charitable activities

4

Holidays and outings

-


635,240


635,240


658,444



Activities for generating funds

2

410,906


-


410,906


318,450


Investment income

3

3,980


-


3,980


626


Total

414,886


635,240


1,050,126


977,520



EXPENDITURE ON

Raising funds

5

126,689


-


126,689


121,283



Charitable activities

6

Holidays and outings

127,377


662,874


790,251


810,459


Administration

134,825


-


134,825


138,798


Total

388,891


662,874


1,051,765


1,070,540



NET INCOME/(EXPENDITURE)

25,995


(27,634

)

(1,639

)

(93,020

)



RECONCILIATION OF FUNDS

Total funds brought forward

226,668


119,102


345,770


438,790



TOTAL FUNDS CARRIED FORWARD

252,663


91,468


344,131


345,770



HAPPY DAYS CHILDRENS CHARITY (REGISTERED NUMBER: 02639512)


BALANCE SHEET

31 March 2024



31.3.24


31.3.23


Unrestricted


Restricted


Total


Total


fund


funds


funds


funds


Notes

£   

£   

£   

£   


FIXED ASSETS


Tangible assets

13

34,944


-


34,944


19,841



CURRENT ASSETS


Debtors

14

68,238


-


68,238


65,043


Cash at bank

201,774


91,468


293,242


303,550


270,012


91,468


361,480


368,593



CREDITORS


Amounts falling due within one year

15

(23,188

)

-


(23,188

)

(21,770

)


NET CURRENT ASSETS

246,824


91,468


338,292


346,823



TOTAL ASSETS LESS CURRENT

LIABILITIES

281,768


91,468


373,236


366,664



CREDITORS


Amounts falling due after more than one year

16

(29,105

)

-


(29,105

)

(20,894

)


NET ASSETS

252,663


91,468


344,131


345,770


FUNDS

18

Unrestricted funds

252,663


226,668


Restricted funds

91,468


119,102


TOTAL FUNDS

344,131


345,770




The financial statements were approved by the Board of Trustees and authorised for issue on 28 August 2024 and were signed on its behalf by:






Mrs D E May - Trustee


HAPPY DAYS CHILDRENS CHARITY


CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 March 2024



31.3.24


31.3.23


Notes

£   

£   



Cash flows from operating activities

Cash generated from operations

1

(5,116

)

(72,108

)


Interest element of hire purchase payments

paid

(2,088

)

(910

)


Net cash used in operating activities

(7,204

)

(73,018

)



Cash flows from investing activities

Purchase of tangible fixed assets

(31,145

)

-



Sale of tangible fixed assets

15,850


-



Interest received

3,980


626



Net cash (used in)/provided by investing activities

(11,315

)

626




Cash flows from financing activities

Capital repayments in year

8,211


(6,584

)


Net cash provided by/(used in) financing activities

8,211


(6,584

)



Change in cash and cash equivalents in

the reporting period

(10,308

)

(78,976

)


Cash and cash equivalents at the

beginning of the reporting period

303,550


382,526



Cash and cash equivalents at the end of

the reporting period

293,242


303,550




HAPPY DAYS CHILDRENS CHARITY


NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 March 2024



1.

RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING

ACTIVITIES


31.3.24


31.3.23

£   

£   



Net expenditure for the reporting period (as per the Statement of

Financial Activities)

(1,639

)

(93,020

)



Adjustments for:


Depreciation charges

9,021


12,251




Profit on disposal of fixed assets

(8,829

)

-




Interest received

(3,980

)

(626

)



Interest element of hire purchase and finance lease rental payments

2,088


910




(Increase)/decrease in debtors

(3,195

)

4,640




Increase in creditors

1,418


3,737




Net cash used in operations

(5,116

)

(72,108

)




2.

ANALYSIS OF CHANGES IN NET FUNDS



At 1/4/23

Cash flow

At 31/3/24

£   

£   

£   



Net cash



Cash at bank

303,550


(10,308

)

293,242



303,550


(10,308

)

293,242





Debt


Finance leases

(27,478

)

(8,211

)

(35,689

)


(27,478

)

(8,211

)

(35,689

)



Total

276,072


(18,519

)

257,553




HAPPY DAYS CHILDRENS CHARITY


NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 March 2024



1.

ACCOUNTING POLICIES



Basis of preparing the financial statements


The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.



Income


All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.



Expenditure


Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.



Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.



Governance costs


The Charity has identified the major costs of governance as both external costs related to the Charity Auditors and software providers and a proportion of the costs of the Chief Executive.  These salary costs have been estimated on time spent on trustee related activities.



Allocation and apportionment of costs

Staff salaries are allocated on the following basis:-

Fundraising - 34%
Direct charitable expenditure - 30%
Management and administration - 36%


Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.



Fixtures and fittings

-

25% on reducing balance


Motor vehicles

-

25% on reducing balance



Taxation

The charity is exempt from corporation tax on its charitable activities.


Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

HAPPY DAYS CHILDRENS CHARITY


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 March 2024



1.

ACCOUNTING POLICIES - continued




Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the Balance Sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to the Statement of Financial Activities over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.


Pension costs and other post-retirement benefits


The charitable company operates a defined contribution pension scheme.  Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.


2.

ACTIVITIES FOR GENERATING FUNDS


31.3.24


31.3.23

£   

£   



Fundraising events

410,906


318,450




3.

INVESTMENT INCOME


31.3.24


31.3.23

£   

£   



Deposit account interest

3,980


626




4.

INCOME FROM CHARITABLE ACTIVITIES


31.3.24


31.3.23


Activity

£   

£   



Grants and donations

Holidays and outings

635,240


658,444





HAPPY DAYS CHILDRENS CHARITY


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 March 2024



5.

RAISING FUNDS



Raising donations and legacies


31.3.24


31.3.23

£   

£   



Staff costs

95,305


87,616




Fundraising costs

17,038


16,236




Postage and stationery

12,250


12,521




Motor expenses

2,096


4,910



126,689


121,283




6.

CHARITABLE ACTIVITIES COSTS


Grant



funding of



activities

Support



Direct

(see note

costs (see



Costs

7)

note 8)

Totals

£   

£   

£   

£   



Holidays and outings

100,912


662,874


26,465


790,251




Administration

-


-


134,825


134,825



100,912


662,874


161,290


925,076




7.

GRANTS PAYABLE


31.3.24


31.3.23

£   

£   



Holidays and outings

662,874


692,411




8.

SUPPORT COSTS


Support


Governance



Management


Finance


costs


costs


Totals

£   

£   

£   

£   

£   



Holidays and outings

-


-


26,465


-


26,465




Administration

125,453


192


-


9,180


134,825



125,453


192


26,465


9,180


161,290




HAPPY DAYS CHILDRENS CHARITY


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 March 2024




9.

NET INCOME/(EXPENDITURE)



Net income/(expenditure) is stated after charging/(crediting):




31.3.24


31.3.23

£   

£   



Depreciation - owned assets

-


102




Depreciation - assets on hire purchase contracts and finance leases

9,021


12,149




Other operating leases

30,601


27,376




Surplus on disposal of fixed assets

(8,829

)

-




10.

TRUSTEES' REMUNERATION AND BENEFITS


There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.



Trustees' expenses


There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.


11.

STAFF COSTS


31.3.24


31.3.23

£   

£   



Wages and salaries

250,852


229,208




Social security costs

23,838


23,227




Other pension costs

5,622


5,280



280,312


257,715





The average monthly number of employees during the year was as follows:



31.3.24


31.3.23


Fundraising

3


3




Support

3


3




Administration

3


3



9


9





No employees received emoluments in excess of £60,000.



HAPPY DAYS CHILDRENS CHARITY


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 March 2024



12.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES


Unrestricted


Restricted


Total


fund


funds


funds

£   

£   

£   



INCOME AND ENDOWMENTS FROM


Charitable activities


Holidays and outings

-


658,444


658,444




Activities for generating funds

318,450


-


318,450



Investment income

626


-


626



Total

319,076


658,444


977,520




EXPENDITURE ON


Raising funds

121,283


-


121,283




Charitable activities


Holidays and outings

118,048


692,411


810,459



Administration

138,798


-


138,798



Total

378,129


692,411


1,070,540




NET INCOME/(EXPENDITURE)

(59,053

)

(33,967

)

(93,020

)




RECONCILIATION OF FUNDS


Total funds brought forward

285,721


153,069


438,790




TOTAL FUNDS CARRIED FORWARD

226,668


119,102


345,770




HAPPY DAYS CHILDRENS CHARITY


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 March 2024



13.

TANGIBLE FIXED ASSETS


Fixtures



and


Motor



fittings


vehicles


Totals

£   

£   

£   



COST


At 1 April 2023

32,402


48,595


80,997




Additions

-


31,145


31,145




Disposals

-


(28,084

)

(28,084

)



At 31 March 2024

32,402


51,656


84,058




DEPRECIATION


At 1 April 2023

32,401


28,755


61,156




Charge for year

-


9,021


9,021




Eliminated on disposal

-


(21,063

)

(21,063

)



At 31 March 2024

32,401


16,713


49,114




NET BOOK VALUE


At 31 March 2024

1


34,943


34,944




At 31 March 2023

1


19,840


19,841





Fixed assets, included in the above, which are held under hire purchase contracts are as follows:



Motor


vehicles

£   



COST


At 1 April 2023

48,595




Additions

31,145




Disposals

(28,084

)



At 31 March 2024

51,656




DEPRECIATION


At 1 April 2023

28,755




Charge for year

9,021




Eliminated on disposal

(21,063

)



At 31 March 2024

16,713




NET BOOK VALUE


At 31 March 2024

34,943




At 31 March 2023

19,840





HAPPY DAYS CHILDRENS CHARITY


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 March 2024



14.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


31.3.24


31.3.23

£   

£   



Other debtors

68,238


65,043




15.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


31.3.24


31.3.23

£   

£   



Hire purchase (see note 17)

6,584


6,584




Social security and other taxes

5,503


5,430




Accrued expenses

11,101


9,756



23,188


21,770




16.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR


31.3.24


31.3.23

£   

£   



Hire purchase (see note 17)

29,105


20,894




17.

LEASING AGREEMENTS



Minimum lease payments under hire purchase fall due as follows:



31.3.24


31.3.23


£   

£   



Net obligations repayable:


Within one year

6,584


6,584




Between one and five years

29,105


20,894



35,689


27,478





HAPPY DAYS CHILDRENS CHARITY


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 March 2024



18.

MOVEMENT IN FUNDS


Net




movement


At



At 1/4/23


in funds


31/3/24


£   

£   

£   



Unrestricted funds


General fund

226,668


25,995


252,663





Restricted funds


North West

6,138


3,850


9,988




North East

3,478


(3,228

)

250




Yorkshire

1,500


1,500


3,000




West Midlands

15,608


(8,506

)

7,102




East Midlands

3,576


10,966


14,542




East of England

8,600


(1,785

)

6,815




London

1,500


5,350


6,850




South

6,000


(5,200

)

800




South East

18,890


(8,240

)

10,650




South West

3,158


7,542


10,700




UK Wide

28,754


(12,983

)

15,771




Scotland

11,400


(7,400

)

4,000




Wales

10,500


(9,500

)

1,000



119,102


(27,634

)

91,468




TOTAL FUNDS

345,770


(1,639

)

344,131




HAPPY DAYS CHILDRENS CHARITY


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 March 2024



18.

MOVEMENT IN FUNDS - continued



Net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

414,886


(388,891

)

25,995





Restricted funds


North West

81,248


(77,398

)

3,850




North East

21,129


(24,357

)

(3,228

)



Yorkshire

39,714


(38,214

)

1,500




West Midlands

81,331


(89,837

)

(8,506

)



East Midlands

58,099


(47,133

)

10,966




East of England

35,146


(36,931

)

(1,785

)



London

12,858


(7,508

)

5,350




South

24,611


(29,811

)

(5,200

)



South East

41,830


(50,070

)

(8,240

)



South West

21,658


(14,116

)

7,542




UK Wide

172,265


(185,248

)

(12,983

)



Scotland

37,901


(45,301

)

(7,400

)



Wales

2,000


(11,500

)

(9,500

)



Northern Ireland

5,450


(5,450

)

-



635,240


(662,874

)

(27,634

)



TOTAL FUNDS

1,050,126


(1,051,765

)

(1,639

)




HAPPY DAYS CHILDRENS CHARITY


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 March 2024



18.

MOVEMENT IN FUNDS - continued



Comparatives for movement in funds



Net




movement


At



At 1/4/22


in funds


31/3/23


£   

£   

£   



Unrestricted funds


General fund

285,721


(59,053

)

226,668





Restricted funds


North West

14,300


(8,162

)

6,138




North East

2,860


618


3,478




Yorkshire

11,664


(10,164

)

1,500




West Midlands

14,900


708


15,608




East Midlands

8,108


(4,532

)

3,576




East of England

8,100


500


8,600




London

-


1,500


1,500




South

8,000


(2,000

)

6,000




South East

31,000


(12,110

)

18,890




South West

14,304


(11,146

)

3,158




UK Wide

25,550


3,204


28,754




Scotland

9,458


1,942


11,400




Wales

3,025


7,475


10,500




Northern Ireland

1,800


(1,800

)

-



153,069


(33,967

)

119,102




TOTAL FUNDS

438,790


(93,020

)

345,770




HAPPY DAYS CHILDRENS CHARITY


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 March 2024



18.

MOVEMENT IN FUNDS - continued



Comparative net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

319,076


(378,129

)

(59,053

)




Restricted funds


North West

59,714


(67,876

)

(8,162

)



North East

17,728


(17,110

)

618




Yorkshire

40,698


(50,862

)

(10,164

)



West Midlands

69,413


(68,705

)

708




East Midlands

44,372


(48,904

)

(4,532

)



East of England

31,100


(30,600

)

500




London

3,500


(2,000

)

1,500




South

28,045


(30,045

)

(2,000

)



South East

71,051


(83,161

)

(12,110

)



South West

14,385


(25,531

)

(11,146

)



UK Wide

209,650


(206,446

)

3,204




Scotland

55,530


(53,588

)

1,942




Wales

13,258


(5,783

)

7,475




Northern Ireland

-


(1,800

)

(1,800

)


658,444


(692,411

)

(33,967

)



TOTAL FUNDS

977,520


(1,070,540

)

(93,020

)



HAPPY DAYS CHILDRENS CHARITY


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 March 2024



18.

MOVEMENT IN FUNDS - continued



A current year 12 months and prior year 12 months combined position is as follows:



Net




movement


At



At 1/4/22


in funds


31/3/24


£   

£   

£   



Unrestricted funds


General fund

285,721


(33,058

)

252,663





Restricted funds


North West

14,300


(4,312

)

9,988




North East

2,860


(2,610

)

250




Yorkshire

11,664


(8,664

)

3,000




West Midlands

14,900


(7,798

)

7,102




East Midlands

8,108


6,434


14,542




East of England

8,100


(1,285

)

6,815




London

-


6,850


6,850




South

8,000


(7,200

)

800




South East

31,000


(20,350

)

10,650




South West

14,304


(3,604

)

10,700




UK Wide

25,550


(9,779

)

15,771




Scotland

9,458


(5,458

)

4,000




Wales

3,025


(2,025

)

1,000




Northern Ireland

1,800


(1,800

)

-



153,069


(61,601

)

91,468




TOTAL FUNDS

438,790


(94,659

)

344,131




HAPPY DAYS CHILDRENS CHARITY


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 March 2024



18.

MOVEMENT IN FUNDS - continued



A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

733,962


(767,020

)

(33,058

)




Restricted funds


North West

140,962


(145,274

)

(4,312

)



North East

38,857


(41,467

)

(2,610

)



Yorkshire

80,412


(89,076

)

(8,664

)



West Midlands

150,744


(158,542

)

(7,798

)



East Midlands

102,471


(96,037

)

6,434




East of England

66,246


(67,531

)

(1,285

)



London

16,358


(9,508

)

6,850




South

52,656


(59,856

)

(7,200

)



South East

112,881


(133,231

)

(20,350

)



South West

36,043


(39,647

)

(3,604

)



UK Wide

381,915


(391,694

)

(9,779

)



Scotland

93,431


(98,889

)

(5,458

)



Wales

15,258


(17,283

)

(2,025

)



Northern Ireland

5,450


(7,250

)

(1,800

)


1,293,684


(1,355,285

)

(61,601

)



TOTAL FUNDS

2,027,646


(2,122,305

)

(94,659

)



19.

RELATED PARTY DISCLOSURES



There were no related party transactions for the year ended 31 March 2024.


20.

SHARE CAPITAL



The company is limited by guarantee and has no issued share capital.  The liability of members is limited to £1.