CARING HAIR FINANCIAL STA'fLMEKfs FOR TiIr. YrAK r,NDLID 31 ST JANtJAIIY 2024 CONTEN'IS AND ADMINISI'RATIVE INIIOIiMAI'ION CONTfNTS 'rrustces' Report Independent EX]]1n¢r'S R¢pori St'alement of financial Activities Balance Sheet Notes lo the Financial St¢il¢mcnL 10- 15 TRUSTEES: J Nunn J Gupta S Estall IiLGIS'I'F.RED orFIcF,: Tbe Caring l-Iair Studio 5A Middle Ilow Sl"even¢ige Fl¢rtfordsliire SGI 3AN COMPANY NUMBFR., 07498631 CFIAIUIV INCORPORATION NUMBF.R,. 1145258 INDEPI;.:NDI=,NT EXAMINf.,,R: Ian Shipley fccA F-or ELiid on behalf of: Prcnti.% & Co LLP Ch¢irLLrcd Acuvuiit¢U]ts & Indcpendcnt Eixamincrs 115c Milton Ro(Ld Lambridge CB4 IXE IJANICERS: Lloyds Baidc PIC PO Box 1000 Steyenage BXI ILT
CARTNG.FIAIII
})AGE I
FINANCIAL STAI"EME.Nrs FOR ITIE, YLAII ENDED 31 S'L. JANUA.RY 2024
TRUS fELS ANNUAL REPORI"
The I'rustees present their annual report tog¢ther with the fmancial st(iteinents of the chku'ity for the Ye eJ]dLd 3 1st
January 2024, The aniiual report. scrves the piirposes of both a Trustees, Report and a directors report under company
law, 'fhe 'Frustegs confrnL th¢tt the ¢ltlliual report and fanCIal stateinents o'lthe charitable ci)mpuny coinply with die
current statutory reqiiiremellts, the i'equirements vf t'lio charitable company's governing documeiil. aiid t'he provisions
of the Staieinent uf Recommended Practico (8ORP) applicable to charilics prepciring thcir counts ill accordtmG¢ wilh
the Financial Reporting st]dard applic&ble in thc UK and Ilcpublic of Ireland (fRS102) (c£fective Isl Januw< y 2a19},
Since the charity qualifies as srnall under section 3 82 of the Companies Act 2006, thc slTategic report required or
mcdium and Itge comp&iiies ulldcr the Companies Act 2006 (Strdtegic Report aiid Directois, Report) Regulations
2013 has been oinitted.
OBJECI'IVES AND ACTIVITIES AND I)UBLIC BLNEI-,.IT
Objectives
'll]e charitable objects of Caring Hair are:.
I'o pruinote and Protect the phy5iCdl and mentsl health of people expei'iencing h&ir loss and or hr or scalp prublcms, in
particular, I1108e who liave lost their h&ir through cancLr treatsnents, by Ihe provision of supporL education and practical
' advice.
'I'o advdnco the education ofthe publtc in all areas related to hitii. Ioss <ULd OT hair or SC<ilp problonis that Icad or are
causing a detriment to physical and or ment(Il health. In p.t.1ciiIar, biit not exclusively, by providing education and
training pi'ogran]mes for hair profEssionals and li¢altli c¢ workers.
In setling objectives and pl]nIng for activitlL5, the Truslecs have given due consideration to general guidaLICL
publishcd by ilie Clwity CO115Son rel&ting to public benefit, includiiig Ihe guidance 'Public benefil- running a
h¢ll'ily (PB2)'.
ALI-IIEVEMEWI'S AND PLlllI ORMANC
In this seLtion we will provide further infor]nation (Ibout our activil'ies, achievements and perForini£ lic¢. Our main sorvice
'Cancer l-Iair Care,. The chdrity is kttown by this nxune to the Charities Cuinmission (Iiid the General I)ublic.
We would like t0 start by S<iyiiig thanlc you for all ihc support we receive from numerous individuals) group5 and
organisalions that has Tesulted in our charity supporting Ihuusands ofpoopl¢ to fecl bcltcr during h¢iir Ioss dnd
¢]Cir tr¢alnient',
Who we arL and what we do
We (irc a tem of d¢dicated hdll- loss prof¢55ionals who are cariiig and supportive in cveryLhing wc du,
We spccialis¢ in dolivering sorvioes lo peoplu who ar¢ cxperiencing hcTrir Ioss a side effect to cancer ITeatmenL8.
Oiir specialists and advisors (mostly specific
CARINCJ I-IAIR INANCIAL SI"AI'BMENTS FOR I'HL YfAR ENDED 31 ST JANIJAIIY 2024 IIiUSTEI=S ANNUAI. KEPORT . /coNrINUED ACIIIIVEMEwfs AND PERI;ORMANCE - continued 14air loss, Ihough well ki]own and ofton dreaded, can be managed with pizctical, holistlc, <ind sensitive support that helps patients maintkllTh thcir sense of self-wortli. Soui'ces iiiclude: liLI Is.'IIIvwiv.TIIILLITiiI liiii,Iiknr J Lik'liii)()u!:ilSKiiwli¥il-ii'.L-Ili)Ir5*%a< I'115'Lhlt<lAILtyI-..Iliili%tlLS-Itii.l-'.il)£'('.I Caneer Hair Care (Caring I.Iair) Cancer l-ldir (:are (Caring Hair) is a n<Trlional chai'ity tliat provides canccr treaimcnt Telaled hair Ioss advisory sei-vices. We provided iiiformatioii. support & services to help pcoplc inalldge the mcnlal <ind physical Iransilioii of hail. loss. Oui. specialists and advisors have in-hospilal and clinical experience aiid are trainLd to Ihe highcst st&Lidd in Ihe UK in the subject of cancer-reldted hdir loss. Consultations fulfil the enlire hiiir loss joitrnLy froln pre-trLdlmeiit to post. trcatmenl.. Our Vision and Servicc ModLI In this fintwcial yedl- that we are rcporting on, we continuc t'o inake headway witli our vision - a fUte Nvhere all people have the etnotional suppori. and prad'ical ddvicL th¢y neud should th¢y losu thLir hail due to caiicer treatmeiil's, We are the only IJIC charity dedicaled to tnaking this h¢ippen, and we 'e coinmitted tu working in collabordlion with othcr organis(Itions whD can support pcople dui'ing hair loss. Service,8 are dclivered frec to patienls at the point of scrvice. The Cancer I-lair C¢ scrvice is & unique Lhai'iiy concipt with our head o£fLce bascd in I-lertfordshirc, o'ffering services throUout the Ulc. Ovr T¢#1 rile tLll is a mixtiire of experi's in their ficld couplcd witli people who have experiaiLed hail- loss aiid caiicer treatinent. first-liand. fogether, w¢ Lindorsl'and tlio besl way to suppoit peoplo goiiig througli Lanccr, illness, and Iiaii- loss. During tlie year, our leam ha8 conlinuLd to dLliver aiid lakc iiail ill Cxtcnsivc tTllining ta iinpi'DVC their knowledge wliilL also educaling nui'ses, hairdresscrs, aiid hcalthcare professionals. Our specially trÉqined liairdressers possLsg 21 broad range of expertise - includirLgV in-hospital clinical experieiice - and provide clinical, etllotional, and pr<tctical SUPPOTL to diousands of people evcry yoar. Wc offor a l¢v¢l of oxp¢rtl8c that g()¢s beyond the currenl scopc of nwse or NI-1% hair loss support, making Cancer Ilair Care the only charity service that C<tn provide thc required clinical expertise. Within this finan¢ial ycar, w¢ have supported people in iiumerous hospitals and canccr supporl 8ettiiigs across thc UK. Our Coinmitment to Inclusivily We support people of all ages, hair types, and Lihnicilies. We offer bespokL support that specifically includcs Iwd-tO-I'Lach individuals. Al C1cCr l.lair (:arc, wc <U'L very fortunate to work wilh a diverse rdngL of people ttnd fully support thei1] during i'heir hair loss cxpeiicnce dinid cancer trcatn)eiil. Wc have l()ng b¢¢ii Lliainpi()iis ofpositivc inclusivity, which encapsulates our Cli(ltY'S vit,d worlc. We co-create our seivices, irLforiiiatioii, £1nd tools <11ongside the people wlio iieed lo acce58 tlicin, 'fhe result is boih IrllectivL ld ongoing, Icading to tho ci-Lation ofinany tuols dMI ¢nsurG evcryoiie is supported. . ljelow are exatnpley of our 8eivices resouices provided this year.. Ineluslvily We cont'iiiuo to lead tlie way in illclusivo services. for CXllp1e, we ChilpA0ned liLadwevc tor t'hose requiriL]g iodeSt headwear for hair loss for cultui'al or faith reasons.
CARINCY HAlli
FINANCIAL STAI'EMENTS FOR TI YEAR ENDED 3 1ST JANUARY 2024
1IiUSTBFSANNUAL REPORT,......,.....,,.,...,,.,,...,,.,ICON'fiNUE,D
We have also dLveloped 'adjusted' services that. Jneet the cliangiiig needs olpeople with neurodiversity, addilion(Il
needs or disiibilities. Fi or instance, we provided training io oui core iLdm in the arcas of physical disability, end or
lift, and neurodiversity, malcing adjustn)ellts to bow we provide services and information.
Additionally? we continue to dev¢lop our afro hair serviLcs, including the creal'ion of 'afro hall. fringes, supplied to
patients aci'oss the countt'y. No olh¢r ohaiity, business or OTganisatioii has developed tliese ii)clusive h&iT pieces, wliicb
we provide Ireo olcharge.
Furthor exainples of inclusivity worlc can be foulld un our website..
In-hospithl Activitie8
We Iiave deliv¢red regular services in hospil&ls across tlie UIC are developing more Ouireach services, such as the
project held at Witliybush Tlospital (part of ihe NIIS 14ywel Dda Univei'sity I-ledllli Board) in il'al Wales. We are thc 0111y
hair loss charity with the expert'ise tTUSt froni dic NHS to dclivcr services directly withiii tlIL cliiiical units of hospitals.
TFLIS capability is due to our extensive training of staff arLd excellenl worl<illg Telationship with ihc NI-IS, particularly our
l)ygi¢ne control syslemy ]d die developmcnt of 8crvice dolivery withiii safe ai)d eifective inf'ection contt'ol palliways.
Online Activities
We have worked dlongside many chai-ities and liealth organisations to provide ollliiic scrviLcs thKII iiicliidc hair loss
workshops, con8uLtations, and e-infoiThation sessions. Wc oftcn providc oui- cxperlise iii a bespoke way so ihat
Liidividuitl.8 with specific caiicer types - and thcreforL specific hair lossllittir care rcquircinents aligned with their
Ireatment- can besl beiiefil lyom direct inforination. fi or exainple. we hcld onlinL wcbiniii's for largc and stnall clwitics
such as 'Lool< (iood Fieel Betler,, Mun]mies Stav, 13reast Cancer Now,, and oihLr orgdnis2tlioiis.
Child and I'eenage Services
We continued to provide in-pcrson services to children and young people at locations such as GOSI-I ((ifL'(It Ormond
Street Hospital). We also pi-ovided consultations (via phonclon]inc) and support packs ¢ontai11ing items appropriate for
differellt <¢ groups. These packs included headwear, hair iteins such as wig5 and fringes, eyelashcs, scalp carc items,
tlierapeutir drawing Pdcl
CARINCJ IIAIR PACTF, 4 IIINANCIAL STATEMLNI"s foR TFIL YBAII EINI)fD 318T JANUAIIY 2024 I'RUSTEf,S ANNUAL RBPOIiI'.......,......,................./CON'fiNUE4D FINANCIAI. RF.VIEW G()illg coiicerii After malcing appTopriaio enqwrigy, the Trustegs havc a reasonable expectation ili&t i'he Lharity has adequate resources I'o coiitinue ILI op#ral'ional cxisteiicL for the foi-eseeable futuie. For this reason, they coiitinue ¢0 adopt th¢ going concern basis in prep<iring th¢ fin1claI slaternents. I;urtlicr details i'Cg-dlng Ilie adoptioll of the going concern basis can be found in the accoiinting policies. b. Res¢rves policy The charityi-eccived total income of£194,065 (2023,, £146,902), it expended £210,459 (2023,. £152,791) and had an overall d¢fJcit of £16,394 (2023.. deficit £5,889)- Reserves stdnd at £9,822 (2023: £26,216), COLnpTising iinrestricied reserves of £8,74X ]d restricl¢d reserves of£i,074. The Trustees have considerLd diu l¢vcl of freo resorvcs that the cbaiity holds, whicli CuSn11Y stands cil £1,951. It is their intention to build these furthcr going forward. S'lllUCTURE, GOVERNANCE AND MANA(iEMLNI' Caring Flair was incorporaled as a Company Limitod by Guarantee on 19 January 201 l and reStered with the chilY LomLlli55ion on 3 Jllary 2012. 1 lie governing docuinent is l.he company's Memoranduni aiid Articles olAssoLiation . Thc liability of the metnbers of the Lompally is limited to £1 O oach in the ¢vcnt of Ihe charity being wound up. 'fhere iire currently three iML'mbors of tlie cllp&ny, Our TTUStce8 togclhcr have thc skills &nd l¢<idership ora CEO. We save cosL8 by aclively sharing & traditional cro. We encourage funders and SUPPOTtei-s to see this as a positivc way foi working and an ¢inpoworing step foi. fcniales in the workplacc. The 'I'rustees, who (tTe ¢ils<) direct'ors ofcaring l-lÉlii' foi the puiposcs of Company Law, are appointed by thc inciTJbLr,8 aiid are shown on page 3 of these accounl,%. The Irustees also d#¢larc any ol'hei. interests of themselves and any other staff. Th6'y Larry oul. rLgular rciriews lo deal wilh any conflicts of interest that mdy arise. We mention this bccausc tnany of our teams dre hairdressers OT experts within the fi¢ld O'F Iiaii'carc and so they do have other roles arEd jobs whbreby tlie have illfiuenLe. We run cin opon approach whereby we can be comtacted about our resoui'cLS, infonnation crcal'ion, sorvices, product creation and possible connicling intcrcsts of our staff. Examples of our open apprO(h can be found on our websile: lilli.!%-i!w'wiv.caii!;Cl-IllLII'L>jI.':l().Ijkll1O1v1_W': rhe Ti'ustecs are rcsponsiblc lor day-to-day rnanageinent of c'ing Ilair and procure sei'vices froin consultants as requirLd. ()n <i monthly basis, to cany out thl charit<iblL activilils. The Li)mpany has inade qualifying third-party indeEnnity provisions for the benefit of its directors during thc year. The Trustces who 5eived during the year were: J Nunn J CIUPta Qur'frustecs Lire drawn from a lange of professiolldl bac1(Olli1d5 and bring. a wide l'ange of relev(ml expei-ience, incliiding personal lived experi¢nce of cancel. treatment aiid hail. loss, cxpericnccd by two of our trustees.
CARING HAIR rNANCIAL STATEMEN'fs FOR TFIE YE,AR ENDED 31ST JANUARY 2024 TRUSTEES ANNUALRFPORT................................/CONI'INUL7D STRUCIIJRF., GOVERNANCE AIN D MANAGLMENI.. contiiilleij Th¢ Nq¢mbers ofthe cbarity guaranl¢e th contribute aiiiount not excccdillg £1 to the a55cls of thc chai-ity in th¢ event of wioding up. STATEIIQENT or TRUSTEES, REsPONSIBILIT.s The Tnte¢S {who are also the directors of the charity for the pury)oses of comp4ny law) 2r¢ r¢sponsible for preparing th¢ Trustees Report and the fJnancial statornents in accordance with applicable law and Unitcd Kingdom Accowitino Standar'ds (United Kingdoin Generally A¢cepted Accounting Praelicc). Company law requii.es the Trustses to prcpare tlie fjnancial statomcnls for cach financial yeaT. Undcr company law, the TiustC¢5 must not approve the financial staternonts un1¢5S they arc Satisfied that thcy give a true and fail. vicw of the statc of affairs of the rhprity and of its incoming r¢sow-ccs aiid application of r¢sources, includinc Its incomG and expendirc, fgr that period. In prepaTing ihese financial ststements, the Trustees ar¢ rcqutred to; (a) (b) {¢) (d) 8elect suitable a¢rountin polfftcios and thei) apply thcin COnsistcnt]y- observe the mcthods and priiicipals of the Charities SORP IfRS102)" m8ke judgemen1$ and accoullling estimates that are i-easonable and prudent. statc whether applicable UK Aceountints Staiidards (FRS102) havc bccn ftillowcd, subjcot to anv n1ater1 departljres disclosed and ¢xplained in the finantial statcmcnls., pi'cparc the financial 5t&tern(mts on a going concei'ii basis unlcs5 it 15 inappropriate to pi'esLimc Iho Charily will cuntinue in opcration. (e) 11]¢ Trustces are Tcsponsible for kecping adequate accouniÈi)g tecoi'ds that are sufficient lo show and explain Ille C]rIS transactiims and disclose with re2&0nable accuracy at any t.ime the'financiqil position of tlie cliarity and enablc them to ensure that thc financial 3t¢ents comply with thc Companies Act 2006. 'fhcy 81'e also responsible for safeguarding the 3ssets of the charity Mnd Iience for tak.ing rcasoiiabltr 5tcps for th¢ provciilion and detcction of fraud and other iETeguliirÈtics. Approved by order ofthe membcj's of thc Board of frustsEs and sioncd on their b¢half by: J GUPTA CHAERMAN DATE
CARING I-JAIR PA(iE 6 FINANLIAL SI'A'I'EMENT'S FOR T14f. YE,AR EIqDED 3 Is r JANUAIIY 2024 INDL4PENI)EN'I' EXAMINF.II'S IiBIJORT I'O T141,. TRUSTE4F,S OF CARING I.IAIEI I report to Ihe charity Trustses on iny ¢Xd1nination of the aLcounts o'f the charity for the year ended 31 st JallUy 2024. RESPONSIBILITIES AND BASIS OF REPOIIT As ilie Truslees of tlie charily (and its directors for the purposes of coinpany law), you are rcspoiisiblo for tl)e piTparation of tlic accounts In accordan¢o with thc i-equiremenls uf tlie Coinpanics Acl 2006 ('the 2006 Act,). You are salisfiLd that Ihe &ccounts of the chaTity ar¢ not r¢quired by charity or company law to bc audited and have chosen instead to have i independenl examinalion. Having satigfied n]yself that the aLcolliils oltlie charity arc not requircd io be (iudited uiidcr l)cirt 16 of ihe 2006 Aci. and are eligiblc for independent examinal'ion, I repoi't in respect of my examination of tbc charity's accounts carried out undei gection 44(1)(L)of the 2005 Act and section 145 of the Lh<Witi¢s Act 2011 ('the 2011 Act?. In carrying out my examination I have followed the requirements of Regu]ation I l of tliL 2006 ALLounts Rcgiilations and the Directions given by Cbarity Cominission iind¢r section 145(5)(b) of the 201 l Act. INDEPENDENT EXAMINER'S STATEMENT I Iiave coinpleled my examiiiatioii. I confirm thal no inaterial mallers h<ive coine to my attcnliun in conn¢¢tion with die exanLindtion giving me cause lo believe that iii aiiy maleridl respect.. <iccounting i'ecoi'ds were not Icept in regpeLt of the charity as required by section 3 86 of the 2006 Acl and Regulation 4 of lh¢ 2006 Accounts ReguLalions' or t'he accounlE do not accord with tbose ircords and with the accounting rcquirenLents of Rcg'LiliÉ tion11 of Ilic 2006 Accounts Regulatioiis. or il)¢ accouiits do not coinply with the &Gcounting rcquiiEmLmtq of sLction 3 96 of thc 2006 Acl other th¢in any requiremeiit th¢ii lh¢ accounts give a 'true and fair, view which is nol a rnatLer consideird &8 part of an iiidependent examinatiun, oi. the accounts have not becn preparcd in accordance with Llie methods <iiid principlos of thc Stsiement ol Recomincnded Pi'actice for accounting and reporting by chai'ities r.applicable to charities prcparing their accounts in accordance with the b-inanciiil Repoitting St£indcqrd dpplic&ble in thL IJK (ind Repliblic ot n-elattd (fRS102)]. I liave no conLcm5 and have cornc across Lo other mdlters in conTJection with the exaniination tL) which atleiition should be drawn in t]]is repoit in ordcy to ¢Liablc ¢i prop¢r understanding of the £occouftts to be reaclied.
CARING HAIR FINANCIAL STATEMENTS roR rHE YEAR ENI)LD 3 Is'r JANUAIIY 2024 INDEPENDENT LXAMINER'S RLPORT TO THE 'lliu%TLES OF CAIUNG I.IAIR Tliis report is inade solely to the charity's Trustees, as a body, in acLordance with Pait 4 of the Chai'ilies (Accounts and Ilcports) Rcgulalions 2008. My work has been uiide]talcen so that I n]ighl slale to the charity's 'J'rustees those inatl.s l am i'equii'ed to state lo them in an independenl. ¢xainincr's Tepoit (Ind for no other pwpose. To the'fullttst extent permitted by law, I do iiot acc¢pt OT assume responsibilily lo yOne other than the charity and tbe charily's rrustees as a body, for iny work oi. tliis report. IAN SEIIPLLY I"CCA F4OR AND ON BEFIALF.. .PREINTIS & CO LLP CHAlI"fEIliLD ACCOUN'L"ANI'S & INDLIPENDENT LIXAMINEIIS 115c Milton Iload Cambridge CB4 IXE.
rn t0 *oo tr4C In c ouu
CARING IIAIR FINANCIAI. S"IAI'EMENTS FOII TFIL YFAR ENIDLD J I S'I" JANUARY 2024 BALANCE SIIEEI. 2024 NFotes FIXED ASSETS Tangible asseii 6,797 I,920 CUiitiEbrf ASSETS Stocks ebtors Cash at bk and in hand 956 23,631 27,320 TOTAL CURRENT ASSETS 29,070 CURRENT LIABILITILS Creditors.. thounts falling due thin one ycar 26.04) NLT CURRENT ASSEI'S 24,296 TOTAL NE'I ASSETS 9,822 26,216 THI.= fLNDS or THf. CFIARITY Restriclcd funds UTrre3tricted funds 1,074 8.7IP8 (959) 26,216 TOTAL CFIARITY I-. UNDS "rhe dir¢ctor5 consider tliat the charitablc conipany is cntiiled to excmpiion from th¢ i-cquircin¢nt lo have an audit under tlie piDvisions of SeLlion 477(1) of the Cotripanies Act 2006. MeuLbcrs have not r2quiitd thc CopanY undcr Secciorj 476 of tho Companies Act 2006, 10 obiain ali audit koi- Ihe year endcd 3 1st January 2024. "file directors ackiiowlcdgc their re5ponsibtliti¢5 For ensuring that the charitsble company keeps accounting rccords which cotnply with Sectioii )86 attd 287 ofthc Companies Act 200.6 and for pi'¢paring FLnancial stttotncnls which gFVe a Irue and fair vÉ¢w of the sLite of affairs of the charitable Company as ai J 1st lanuary 2024 and ori15 defjcit for the year th'en ended iii accordance widL the requircments af Section )96 and which othen¥ise coinply with the.requirements ofthc Act rclating to the financial statements as far ¥ applicablc to tlic charitable ¢oinpaiiy. l-he fillancial statements, which kavc been prepared in accordance witli the special provisions relating to coinpanies subjcct to the sinall Companies i'¢guMe withiTh Pail 15 oFthe Companies Act 2006, W.¢ 4DPI'ov¢d by tlie b(bard OTk 26. 01. 4Q and signed oi) lis behalf. J GUP'fA C14AIRMAN The notes on patr¢s10 1015 foiin pait oFthose financial slatemonls.
CAIIING I-TAIR PAGE 10 rANCIAL STATF,MEwrs roR THE YEAII ENDLD 31 ST JANUARY 2024 NOTES TO THF fiNANCIAL STA'frMENTS ACCOUNTING POLICIES (a) BASIS OI< PRLPALQTION OF FINANCIAL STATLMENTS The flliancial statements havc been prepared in accordance with thL LhaTiti¢s ORP (fRS102) - Accounting and Reporting by Charities.. Stateinoiit of Recommendcd Praclice applicable to chai'itigs prcpariiig their accounls in ¢1ccord]Ge willi the Financial Reporting 8tandard applicable in thc 'lJI< and Republic of Ire1(d (FRS102) (effc¢tive I st JanU¢Y 2019), the financial Ileporting Standard applicable in the UK and Republic of Ireland (rLis' 102), (:ompaiiies ALt 2006. Caring Ilair meets the definition of a public benefit entity uiider T,'RS102. Assets and Isabilit'ies are inilially recognised al historical cost or traiis£iclion value unless oihLrwi8e slated in tlie relevant accounting policy. 'I'he financial statcments arc prescnled iii sl'erling, which is the functioiial CUTrency of the charity. The frustees have taken advantage of the amendincnt to the C'harities SORP I,'IiS 102, where Ollly larger CliltIeS i-cquiied to prepare a Statem¢nl' of Cash Flows. GOINCY CONCERN I'he fiiiaiiciaE statcments liavc becn prepared on & going conLeii] bdsls. The Trustces considtr Ihis to be appropriate as allhough at the bance sheet date the rescrves wcre below El 0,000 and Iiad decreased by around 63 % from the previous year uiiicstrictcd relbrves are llow positive. Ilic I"ruslces are taking slbps to build up rescrves and will Lontiniie to siipport the clwity until a suitable level o'f reserves ale achioved. (b) CFIARI'rY s rA'I'US I'he chariiy is a ¢ompany limited by guarantee. 'I'lie members of the charity are the Trustces. In the event of tlie charily being wound up) the liability in rcspLct of thc guar<illtee As limited to £1 per men]ber. (c) INCOME All income is r¢¢ognised once the chgTrrity hlc s eiititleineiit to Ihc incomc, it is probablc th th¢ ii)comi will be received cind tlie ciinount oc income ircLivablc' can bL ineu8urcd rcliably. Grants are included in the Statement. of Financial Aclivities on d receivable bi< sls. Tlie balance of iiicome rcceivcd for specific PUTposes but not expended dilg the period is shown in tho rolovant fuiid on the balance sheet. Where illcoine is r¢ceivcd in adviillcc of entitlement of Teceipl., Lts recognition is deferred &nd includcd in Lreditors as deferred income, Wheir entil'lement occui's be'lore income is rcceivttd, tELe income is accnEed. Income tax recoverable in rel¢ilioii to donations rcceived under CJift" Aid oi. dLcds of covenant is reLognKsed at the time of don<ilion, Other income is recognised in the pcriod iii wl]iLh it 15 receivable and t'o the oxleiil. thc goods have been provided or oil complelion of the service.
CARING FIAIR PAGEII FINANCIAL STATLMf:NTS FOR THE YEAII ENDED 31 s'r JANIJARY 2024 NOTE,8 TO TI.IE fINANCIAL STA TEMF.NTS ACC,OUNTING POLICIES - continued (d) EXPENDITURE xpenditure is recognised once there is a legal or conslruLlivc obligation to transfer the economic benefit to a third paty, it is probable that d transfer of economic benefits will bc irquired in sett'lement and the amount of the obligatson can be incasured roliably, rundraising costs are those incurred in seeking voluntary contributions tmd do iiol include the costs of disseminating information in support of charitdblu dctivitiey. Govoriidnce costs ihose incurrod in coniieot'ion with adjninislration of tlie I,'und and COLnpliaiice WIUI constitLltioiial and statutory requirements. xpenditurc on charitable actsvities is incun'cd oli dii'cclly undertalcing t]Ic activilies whicli lurthei, Ibc charity's objectivcs, as well as any associatrd support costs. Grants payable are cliarged in the year when the offer is llde exccpl in those cases where the offer ig Londilional, such gTants being recog'nised as expcnditure when the conditions att'dching are fulfLlled. Gr(ILlts offered subject to coi)dil'ions whicli have nol biLn mot dt thts year end are iiotbd ¢lS a comiritmcnt., bul nol. acoi'Licd as expenditure. (e) "fANGIBLE FIXED A8SETS' AND DEI)Rf,.C'IAI'ION Tangible fixcd assets ¢we initially i-ecogniscd al cosl. Aftcr rccognition, under the cosl modcl, tangiblL rixed asscts arc illcasured at cost less accumulaled depreciation and &ny accumulated impairinent losses. All costs to bring a tangible fixed asset. into itg int'ended worlcing condition shoiild bo inLluded in the mc&8LtTeinent of cost. Depreciation is Ch(ged so as lo allocate t'lie cost of tallgiblc fixed asscts less thcir re8idual valuo ovei. their estini<1ted usefvl lives, usiug the straight-line mei"hod. Depreciation is PTovided Oll the following basis.. IT equipin¢nl Fiurniture and fittillgs 250/0 straight line 25Q/D straight linc (g) FIJND AccoiJKfiNG Gknner¢il funds are unrestt'icled which arL available for USL al. the discretion of the 'frustees in lurilicra11ce ofihc gcncral objectives of the cliaTity and wliich havo Ll()I b¢cn dcsignaled loi. otknlr purposes. Ilestricted .ndS are funds which dre to be used ill accordance wilh specific i-estriclions iinposed by donors or wliich have been raised by thc charity for parLi¢ular purposes. The costs of r<iising l< nd adiniDislei'ing such fuiids al'e cliarged ag¢llllSt speciffic ftiiid. 'I'he (iiin aiid usc of cach rLstriLled fund is .%¢t out in tl)o iiotes to the financial slalcmenls. (g) DONAI"ED GOODS Donated goods are recogniscd ill the accounts as income under donations with an equivalent expense recognised wider the (ippropriate heading (dll'cct charitable costs), 'I'hi8 ainouiit¢d lo £C?,639 for 2024.
'ARING HAlll PA(iE 12 FINANCIAL STATEMENTS foR TFIE YLAK F.NDED 31 ST JANUAIIY 2024 NO'fEs TO "I'i.Ir. i?INANCIAL, S"I"Al'bML,NTS ANALYSIS of4 FIXPF.NDI'fiJl ON CI.IARI"L'AI31.E, ACI'IVII'BS Summary by fuijd type Curroiil, yoar Ilestricted Uni'esti'icted l-,Linds 2024 Total run(Is 2024 2024 Direct chai'ilable activity costs Dirccl staff costs Administrative costs Govci'n&nce costs 36.577 74,402 6,162 7,574 44,151 47,2621 121,670 37,516 43,678 960 960 117,141 93,318 210,459 Reslricted Ui)restricted Funds 2023 I'olal IndS 2023 l)rior ycar 2023 Direct chai'itable aciivily costs Direct staff costs Administrative cosls Ciovemaijce costs 20,057 73,761 12.,465 20,057 24,588 98,351 21,450 33,915 468 106,285 46,506 152,791 STArr, co8'1'S Dir¢ct st'aff consRsI' Inainly of freelance, self employed hair(trLSSQTS or Lonsultw¢y sthll., recliargiiig the ChltY for tIiL'll- sei'vices. 'rheie were no peoplc employLd by thL charity during tlie ycar. riiusTBbS' REMUNE.RATION ANf) EXI'EIN8ES During t'he year ondcd 31,8t January 2024 no I'rustees received any rcmunordlion or other benefil%. (2023.. £Ni]), other thdn disclosed under notc 10. During the year ended 31 sl Jaiiuary 2024 Trustee exp#nses of £909 were incurj'ed (2023.. £1,560). FIXED ASSETS, IT Equipment, rixtui'cs thd I-, iltings 2024 2023 c()8 r OR VALUA TION At 1st February Additions Disposals Balance al 318l January DEPIILCIAI'I()N Al I st rebi-u'Y chgO for thtt pcriod Eliiniiialed on disp08al Balancc at 3 1st January NEI, B()OI< VAI,ur. AT 31 S'I" JANUARY 15,701 7,592 15,898 691 (88 8) 23,293 15,701 13,7111 2,715 13,254 1,415 (888) 13,781 6,797 1,920
CARtNCJ 14AIR PAGE 13 FINANCIAL STATEMENTS FOR 'fHE, YEAR ENDEI) 31 ST JANIJAJIY 2024 NOTfs TO T14E FINANCIAL STATEMLNrs STOCKS 2024 2023 Gifts in Icind 139 956 DEBTORS Due wil'hiii unc year Accrued incoine 2024 2023 5,300 CREDIT()RS Amounl's falling due within one year Other creditors ALcruals and defen'ed income 2024 2023 4110 3,500 26,045 26,045 3,980 s"rA'fEMLN'f oi-, IIUNDS Currcnt year Balance at 1st fobruary 2023 11)¢om¢ fxpendituir Transfers Balancc at 3 1st January 2024 Unrestrictcd funds Gcneral fuiids (959) 117,124 (93,318) (14,099) 8,748 RL4Stricted funds resco's Bags of FIelp project grcThl Lister Ilospital fund Pinlc Ribbon I,ouiidation JOMI Lyon's 251( fund Yr 2 Lutoii & Beds Cornmunity fuiid AcLeiilurc gr]( Giiys Cancer Cent¢r Mount Vcmon Chase flarm and Fincliley Wales Head's Up Wales Main l-lead's Up 9,375 10,080 5,945 (9,300) (13,440) (5,926) (27,742) (9,644) 75 3,360 580 25,000 (2,165) 400 599 2,742 6,815 4.994 400 13,91% 10,080 12,249 5,000 5,300 (1 %,460) (10,080) (12,249) (5,000) (5,300) 4,542 27,175 76,941 (117,141) 14,099 26,21.6 194,065 (210,459) 1,074 I'o'rAI, OF fuNDS 9,822
CARING I-IAIR PA(if. 14 FINANCIAL S'I"ATEMBN'IS FOR TFIF. YLAR ENDED 31 S'I. JANUAIIY 2024 NOTES 'fo I"HL- I,'LNANCIAL 8'fATEMEN rs SI"ATEMENI' or FUNDS Prior year Balance at 1st February 2022 Incom¢ r.xpcndilurc 'frdiisfei3 Baldnce ilt 3 Isl January 202i UnrtrIetLd funds CJeneizl funds (698) 46,245 (46,506) (959) Restricted funds Tesco's Bags of FIelp project grant Lister HospitaK fund Pinlc Ribbon Foundatioii Royal Free Charity Y1= 22 John Lyon's CliaTity - ycar 3 John I.yon'$ 25K fund Yr I John Lyon's 251( Yr 2 Guys and St 'fhomas Charily YE 22 Si£ turday Hospital Charity Fund Liiton &13eds Comtnujjity Ii und Accenture Granl Princes8 Alex(tndra Hospital St James, Place Chase 14ann and Fiincliley Ilospil(ils lICl", Gi'ant SBC Grants & Jiibilee Grarnt l3,875 13,440 6,000 (13,875) (10,568) (7,3 83) (722) (102) (23,556) 4811 1,963 722 102 23,556 3,360 580 25,000 25,000 5,975 (5,975) (2,000) (7,162) (8,060) (2,250) (2,500) (11,250) (3,816} (7,066) 2,000 5,000 8,460 2,250 2,500 11,250 3.1116 7,066 (3) (2,165) 400 32,803 100,657 (1.06,285) 27,175 TOTAL or i-,UND8 32,105 146,902 (152,791) 26,216 Rest'ricted Fun(Is Beloiv is a summary aboul projects and grant providers whei'eby restricted funds were provided. lesco'5 ]Jags of Help Tesco sloi¢s providc various g1-t8 across various locatioiis. "rho granl funds arc (ypically used to fund a Tange of face to face and remole services to peoplL' within a geographical location. I'his is defsned by ways of l) where they havIg ts'eo£ tment or support (e.g. hospitdl) or 2) where they live. r.aLh gralll is brolcen down into a paiticul¢ir slorts that has providcd fluids lor a set ant on a case by case basis. I"hi5 is a dLial fund in thLIt our chw-ity Can¢¢r l-lair (0lc re also provides fLmding and rcsour¢¢s for the v&i'ious seiwiLUS. Lister Hospital The F4ast & North FIerts I-Iospital Charity Provides grant fiiiiding for this weelcly seivice held at the Listor FIospital Stevendge and within the commLllLiIy vi(t rerllote services for patients who are being. treal'ed by Ihe trLisI, 1liis is a dual fund in that Ollr charity Cai)cer l-IaiT C,are also piovidls fmdiiig and resources for die various berviL¢s. l) Inli Ribbun Foiiiidatioll Thc gr&t is rests'ictcd to providingy 85Q/o of services to people with breast cancer. 'l¥pically this resiills in d range of face to face and oiitr¢ach/rernotL servic¥s. This is <1 dual fulld in tlic1t our cliarily C1( ncer FTaiT Caro also pi'ovides fundi1 and resources for Ihe vous services.
GARING IIAIR PACJF 15 FINANCIAL sTA.mr[s FOR THE YEAR ENDED 3 ISI. JANUARY 2024 NOTE.8 ro THF FINANCIAL SI'ATEMENTS Restricled Funds . John Lyon's Charity Thi5 graiit is to 5UPPOrt cbildrcn and young people uDder age 30 who are beiiig treated in (e.g, UCLII hospilal, Camden, or GOSI-I Great Ormond %trcLI l-lospital) or living in Lhc borough of Camdcn (and 7 surroundii)g Loiidon Boi'ougbs). This is a dual nd in that our charity Cancer FKaii- Cal-e dlso provides funding. and resources for the vaTiOUS services. .Icontinucd Luton aiid Bedfordshire Community f4oundati(bn We received a graiit froin th¢ Luton and Bedfoi'dshire Commuiiity fioLindatioii. Tliis is a dual fnd in ihal our charity Callcer I-Itiir CaTe dlso provides fiLi)ding ]d resourccs for the various services. Accenture Grant Accenture donated a fund towards vaTiOUS projecls related lo back to worli and inclusioii,. fhis is dual fund in that our charity Cancer FIair Care also 'VId¢S funding and resources for tlie various seiviies. Guys and Sl. Tliomas Charity YE{24 'I'hc project fuiid cornes frum lThe Guys (iiid St. Tliomas Ch(Irity but is paid to us directly from Guys Cunc¢r Centre. The project provides a Taiige of services facL to facc in various locations as well as on site witliiii (JUYS Cancer Celltre virtUl< Ily. This is a dutil rId in that oui. cliarity Lancer FIair Care also providcs fundillg and resources for the various serviccs. Mounl Vcriion l.Iospithl The F.ast & NoTth FlcriE Flospital Chai-ity provide grallt lunding for this we¢kly 8¢rvice held at Mount Veriion 14ospiial site and wiihin tlic ci)mmunity and via i-einote 5ervice8 foi- patients who arc being treat'ed by tlie trust. This is a duELI fund in tli&t oiir Ch'itY Cunccr l.laii- Care <1180 provides funding and resources for the various 8ervices. Chase Farm & FinLhlL'y SLirYjccs Tlii application for Ihe inain part of this fuiid and repurtiiig is caiTied oul extei'ndlly by Macmillan suppoil - Thc Royal b.ree 'I'rust. The &ctU(Il fuiider is 'Tlie Iloyal frge Ch<Wity'. Th¢ projcLt provide5 a range of s¢rviLes face I'o fac¢ in various localions as wcll a5 on site within the liospitals (ChELse rtwm FinLhlLy Metnoiial) and virtually. fhis is a du(Il fund in tlllt oui. chui'ity Cancer l.laii' c.are also pi-ovides luiiding and resouTces for thc varioLIS .qCTvices. Wale5 Ilead's Up 'his project was maiiily held witliin the Withybush 14ospit&l whitih iy p&rl of the N148 Flywel Dda Uiitversity Health Bodrd. A grant W¢lS provided Irom the Withybiish Day Unil l.lospilal Fund. 'lThis is a dual fiiiid in that our Lharity Lanccr I-I£iiT CarL also provides funding aiid resources for ihe variou.1 servicL's. io. RELATF,D PARTY TIIANSACTIONS During the year, the charity entered into £1 iiumber of trq< nsaclions with J-Iolislic FIair c'e Limited, (I company controlled by Julia Giipts (Director). "file cliarity IrLlStees (ire S¢ltisfied that all transacLions al'e entered into on an arms length b<iSiS and Lhat no conflicl of interest has arisen. Julia Giipta is Pdid as expert consultant in line with I'he cliarities constilution that allows a trusl'ee t'o act in a consulting capacity, l)aid to Holisl'ic Hair Care: Ileceived f'rom Holistic T.Iair Care: Coiisultancy fcss Donations Fleadwe. supply £43,500 £6,284 Total £49,784