CARING HAIR FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST JANUARY 2025 CO)ffENTS AND ADMTNISTRA TIVE tNFORMATtON CONTENrs PAGE: Trustee5' Report Independent Examinerfs Report Statement of Financial ActivitL¢S Balance Sheet Notes ¢0 the Financial Statements 10- 16 TRUSTEES., J Nunn J Gupta S Est&ll REGISTERED OFFICE: The Caring Hair Studio 5A Middle Row Stevenage mertfords￿lre SGI 3AN COl%lPANY NUMBER.. 07498631 CHARITY INCORPORATION NUMBER, 1145258 INDEPENDENT EXAMINER: Ian Shipley FCCA For and on behalf uf.. Prentis & Co LLP Chdrt¢i'ed Accountants Independent Examiners 115c Milton Road Cambridge CB4 IXE BANKERS: Lloyds Banlc PIC PO Box 1000 St#venage BXI ILT CARtNG HAIR PAGB I FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST JANUARY 2025 TRUSTEES ANNUAL REPORT The Trustees present their amiual report together with the financial statements of the charity for the ye&r ended 3 1st January 2025. The annual report serves the purposes of both a Trustees, Report and a dLTe¢tors report under company law. The Trustees COLifTh that the annual report dnd f￿an¢[al statements of the charitable conipany comply with tlie current statutory requirements, the requiren]ents of the charitable coinpany's governing document and the provisions of the Statetnent of Recotnmended Practice (SORP) applicable to charities preparillg their accounts in accordance with the Financial Reporting Standard Ipplicable in the UIC and Republic of Treland (FRSI 02) (effective 1st January 20 19). Since the charity qualÈfies as small under section 3 82 of the Companies Act 2006, the strategic report required of mediuln and large colnpanies under the Companies Act 2006 (Strategic Ileport and Directors, Report) Regulations 2013 been omitted. OBIECTEVES AND ACTIVITIES AND PUBLIC BENEFIT Objectives The charitable objects of Caring Hair ar¢:_ To promote and protect the physical and inental health of people experiencing ELair loss and or hair or scalp probleLTJS, in particular, tFLose who have lost their hair through cancer treattnents, by the provision of suppoit education and practical advice. To advance the education of the public in all areas related to hair loss and or hair or scalp probl¢ms that lead or are causing a detriment lo physical and or mental health. In particuLar, but not exclusively, by providing ¢dLication and tr&ining progratJmes for hair professionaIs and health care worlcers. In setting objectives and planning for actLVLties, the Trustees have given du¢ consideration to general guidance published by the Ch8rity coin￿1$810￿ relatillg to public benefiL including the guiddnce 'Public benefit: running a cha]"ity (PB2)'. ACHIEVFMEwfs AND PERFOIIMANCE In this section we will provide further infortnatlOLI about our activities, achievements and performance. Our inain sei'vice is 'Cancer Hair Care,, The charity is by this name to the Charities Commission &nd the General Public. We would like to st￿t by saying thank you for <￿1 the suppvit we receive from numerous individuals, ￿'0UP5 and org&nis&tÉons that has resulted in our charity supporting Ihousand5 of peoplc to feel better during hair loss and c￿l¢er treatment. Who we are and what we do We ￿¢ a team of dedicated hail Ioss professionals who are Caring and supportive in everything we do. We specialise in delivering services to people who exp¢rien¢ing liair loss as a side effe¢l' to cancer treatments. Our specialists and advisors (most'ly specifically traiiied hairdressers) have in-hospitsl and clinical experience and are trained io the highest standard in tlie UK. We are recognised as the UK'S leading authority in our speci&lity* providing consultations, servi¢cs and information that covei the entire hair loss journey from pre-treatment ￿ inoving on post treattnenl. The Imyact of Caneer Hair Care Reliable sources ( ) estin]ate ihere are almost 3.5 tnillioll people living with cancel. in the IJIC. There are more than (*) 385,000 Liew carLeei' cases in the UK evely year- that's inore thaLI 1,000 ev¢ry day (2017-2019). CARfNG HAIR PAGE 2 FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST JANUARY 2025 TRUSTEES ANNUAL PEPORT .,. ,./CONTINUBD ACHIEVEMENTS AND PERFORMANCE - continued On average someone is diagnosed with cancer at lea3t every ( ) 90 seconds in the UK A popular treatsnent for cancer is ¢h¢n]otherapy, and many (but not all) cheinotherapies Cause hail, loss or hair thinning. Hair loss, though well known and often dreaded, can be managed with practical, holistic, and sensitive suppori Iliat Iielps maintain their sense of self-worth. Sources include'._htl.I';i%',11!vw!w.ni&LiiiillL?11.ur¥.LkldiboiiL-uJvvli¢lt-!vi-(Ii'iIrl,$¢La1'C,]!,c ihiTd-i)aily Inde￿In1¢Y pn)visithis for thc bciiefil iyl. its direLlors Ilic yLar, -rii¢'l FUSl¢es iyliu scri'cd during th¢, ￿arwc￿rQ'. Oiir-Iru4tecs arL draivii ftoin u rangtt ul'pmfessional b)ckgrDunds aF]£l bring u i%'i(k' ran&e ofrclcvaiit ¢xp¢'ri>nLL, in¥lii(ling p¢rsDftal lived experience of ￿li(¢r ireatttitiil 411d lidir1o5¥. QYI)¢rlthctd bv IH'(i of our Iyiksrecs. srRUCI-URk,, CYOVI-'RXtANL"I.; AND MAF¥AGf-'IMF.NT- ¢Lirsliiiu¢é I'IILTr Mi of ih¢ charity gudrwil¢L' Io LOntriL)uic an Jjnouiit nol ¢.¥¢¢￿ing£? io Ili¢ of tlie charity iii the t￿¢￿1 ofivindin*lY ilp. I'A TLMLNT C)r TRUSI-r.LS' RL'%P()NSIBlI,i-rJi.:8 ThL'-l'r￿stCeS (who dr¢ albo tl?¢ direcioi& ol'thc 113atiiy lui. thL purposc5 uf ¢onipany laiv) lire l¥'5POTisiblL Fur pr¢pi1riiig the TrUsteL￿g Repon and ilie limaiicial Siltlcmcnls 11? dCCI)Ti14nc'c ivitli ¢ipplitsablts Idw and Unil¥d Kingdom Attcounting Stand8rds {Uniied Kin¥>daJn Geii¢rnllJ' A¥¢eplcd tt¢countiiig PrdCtÉ¢e)- L'oEni)uny Itt41 YcMrc¢s 4na ap.pli.Latioft of r¢sourLes, iijcliidinp il.% inconie ind c,¥pcnditur¢, for Lhil p¢riod. Iii Pliring III¢s¢ iinirkciAI.statiirtionts, IhL.'fnis*es Ib) seloci ¥Ulldblc acL"(IYllling palic'ffes aiid ilicii apply IliL4m ¢unsisl¢iilly: ol)scrve Ihe Incthods principiqls vfthc ch￿[1}c$ 8OK"P (fks IQ2)'. Axakc jil(l(￿1￿C￿lS lind ae¢oiiiiiiJig cstllllil1&s tlimi fire I'vd5¢)J)able and pi'udLni' .%latt' i¥'h¢ihttr api)li¢ablc ljk ¢tCC15wiliJikn? Standard& U.'RS"I(12).hii¥g b¢¢h l.oll0￿.Ld, $12hjkn?Cl lo any l%ltorikl d¢p42riurks K£i8Lln%ttd lind v'.Npldiiied in the finan¢ial st*fem¢n￿,. pi'¢par¢ 117e fiiiaii¢iiil 51i1illl¢nl5 on a goinu LU12L¥m l)usffs ￿111*￿4 tt-ls iiiappropriite lo prcsuiiio the C..'Iiiiriiy will ¢oniiiiuc in op£ratig11. (a) -I"h¢'lh151¢¢S a¥L' Itspori%ib21 kc¢ping artLqil￿￿ ac¢vuntiiig r¢iurds Iliat drc suificiÈnt lo shTriv anij explJin" Ih¢' cliurif) ¥ Irdllsdctions and di.%clo%e with redSOilp￿}Y is ei)liiled ID ¥xempti()ii fi'cyin i.hv rt9UiI'¢IIILlli (o hAvL' An aii(lil itsnil¥r Ili= provision) ofsettjun 477(1) ofiliL Comf￿¥l1cs Act ?Oa6. m￿1)buS li&vc noi rL(TuÉr¢d tkne Lonipaiiji iiii(lir SL'tiLi&n .176 uf the Lomp,'IniEi Act ?OOb', to ttudtt lor Llii year end￿1 .?151 Jis ll{J￿Y 2075. 1.hg diroLtors &Lkiioi¥l¢cl4L their ¥¥'ipoMibililiets for enwring tbal tlIL cha;'ilablé e0151P411y ktL'I).7 11 LCQlinling rL*ordJ itriiirh ¢)mply wiLlI S¥ilitlE 386 aiid 287 tstr th¢, C',oiiipwni¢s Act.24106 anil l(Jr i)rty?ariTrg7 fin?n¢i31 Slaiem¢nts which give a lair view Tri" Ilie sttt¥ ofatrTdirs of IhL' charittble Cunipiiny ils #r )lllJ&i'mary 2025 uif 115 5urplu% for Ihe year L*£D ondeLI li: aci(Irdanct witii the reoiiii-£'menls o£Swrior¥ iY6 alid whiÈli otherwibo Lomply.wil.h Lhe I'wiiirm1¢1)L% (Jfthc Aci ¥L.Li¥iiig to tli¢ tITlèncial 514rcnicnts.ii5 far ds dppliknible £0 ib¥¢h4riTal)li' LxJini)tiny. I'he finaii¢i&l,%1giL'NILllt%. IvP5irh have been prepiifL'II ac¢otdkTn¢e willi ilie 8Pt,cial prtsvibioiis ILILllili¥ II) cvnii)211iL'% SRII)jecl lu rhi Small ¢oiiii)1111.'CS I'btsim2 WTEhin ljèrt IJ of lh¥ C"OlliyaNies..I£L ?006, were ai)proi'ed by lh￿ boai'il un d.%juRecl 011 lis behalr. J (iLII)'I-A C14,IIIIMANf riic li01￿ ort i)dae% 10 10 l O foriii pan oFilirse f113MLial gifiieiiients. CARING HAIR PAGE 10 FtNANCIAL STATEMENTS FOR TI4E YEAR ENDED 31 ST JANUARY 2025 NOTES TO THE FINANCIAL sTATE￿￿NTs ACCOtrNTFNG POLICIES (a) BASIS OF PREPARATION OF FINANCIAL STATEMENTS T'he fmancial statement5 have beeii prepared in accoi'dance with the Charities SORP (fRS 102) - Accountiug and Reporting by Chai'ities.. Statetnent of R¢commended Practice applicable to ctLarities preparing theii. accounts in accordance with the Financial Reporting Standard applicable in tbe Utc aL)d Republic of Ireland (FRSI 02) (effective 1st Januaiy 2019), the Financial Repoiting Standai'd applicable in the UIC and Republic Df Ireland (FRS 102), ComparLies Act 2006. Caring Hair meets the definitlDn of a publtc benefLt entity under fRS102, Assets aiid liabilftties are initially i'ecognised at historical cost or ts'ansaction value unless otherwise stated in the ￿levant accounting policy. The fLrMnci&l statements ar¢ pr¢setLted itE sterling, which is tkne functional currency of the charity. The Trustees have taken adv&ntage of the amendment to the Charities SORP FRS 102, where only larger charities air required to prepare a Statement oFC&sh Flows. GOING CONCERN The fmancial statements have been prepared on a going concern basis. The Trustees consider this to be appropriate as althougEL at the balance sheet date the reserves were below £,1 0,000. The Trustees are taking steps to build up irserves and will collttnue to support the charity until a suitable level of reserves al-e a¢hieved. The cbarity is a small charity which predorninantly operates on the basis of graiit funding. These gtants have a Ume and so it is appropriate that fund5 are spent within the agreed project tizneline. This tngans the charity does llot have the opportunity to build upotL extensive rescrves but spends tnoney in a timely way in line with the provi8ion of charitsble services. (b) CHARITY STATUS The charity is a cotnpany limited by guarnntee. The member5 of the charity are the Trustees, In tlie event of the charity being wound up, the liability ill respect of the guarant¢¢ is limited to £1 per illenibgr. (¢) NCOME All income is recognised once the charity ha5 entitlement to tbe illcomc, it is probable that the income will be received and the amount of income re¢¢ivable can be m¢asured reliably, Grants are included in the Statem¢nl of Financial Activities on a receivable basis. The balanG¢ of income i'eceived for specific purposes but Ilot expended during the period is shown in the relevalit fund on the balance sheet. Where iLicome is received in advance of entitleinent of receipL its recognition is defetyed and in¢lud¢d iii creditors as deferred income. Where entitlement occurs before incora¢ is TeceÈved, the illcome is accrned. Incoine tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the tune of donatioii. Other iiicome 18 recognised in the period in which it is receivable and to the extent the goods have beeii piovided or on complet'ion of the service. CA￿NG HAIR PAGEII FINANCEAL STATEMENTS FOR THE YEAR ENDED 31 ST JANUARY 2025 NOTES TO THE FfNANCIAL STATEMBNTS ACCOUNTING POLICIES - coiitinued (d) EXPENDITURE Expenditure is recognised oiice th¢i'e ts a legal or constructive obligation to transfer the econoinic benefit to a thtrd paty, Lt is probable that a transfer of economi¢ ben¢fJts will be required in settletllent and the anount of the obligation can be measured reliably. Fundraising costs ￿'e those inourred in seeking voluntary contributions and do not include the costs of disseminating infonnation in support of charitable activities. Governance costs are those incurred in connection with administratkon of the Fund and complianc¢ with constitutional and sta￿tOrY requ￿ernents. Expenditure on charitable activities is tncutted on directly undertalcing die activities which fiLrtiiei' the charity'8 objectives, as well as &ny associated sUPPOrt costs. Gi?nts payable are charged in the ye&r wheii the offer is made except in those cases where the offer is conditional, suth grants being recognised as expeaditure when the conditions attaching are fiLlfilled. Grants offered subject to conditions which have Dot been met at the year end are noted as a comrnitment, but not accrued as expenditure. (e) TANGIBLE FIXED ASSETS AND DEPRECIATION Tangible fixed assets are initially i.eco￿[sed at cost. After recognition, undei the cost model. tangible Ixed assets are measured at cost less accuinul&ted depreciatio]] and any accumLtlat¢d impairn]ent losses. All costs to bring a tangible fixed asset int'o its fftntended working condition should be included in the measuretllent of cost. Depreciation is charged so as to allocate the cost of tangible 'fixed assel% l¢ss their residual value ovei. their estimated useful lives, ustng the straiglit-line method. Depreciation 18 provided on the following basis,. IT ¢quipment Fumiturc and FittirLgs 25Q/Tr slraight line 25Q/o Straight line (g) FUND ACCOttNTING General fLU]ds are unrestricted which are available for use at the discretion of the Trustees in furtherance of tlie general obj￿tiveS of the charity and whicb hav¢ rLOt been designatcd for other purposes. Restricted funds ar¢ fijnds whicli are to be u5¢d in ￿COrdanCe with specific restrictions imposcd by donors or which have been iaised by the charity for particular purposes. The costs of raising and administering such ftinds are charged against the specific fund. The d£m aiid use of each restricted fund is set out in the notes to the financial statements. (g) DONATED GOODS Donated goods are recognised in the accounts as income under donatioiis witFL an equivalent expense recognised ullder the appropi'iate heading (direct charitable costs), This amounted to £5,973 foi. 2025 (2024.. £6,639). CARING HAIR PAGE 12 F￿ANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST JANUARY 2025 NOTES TO THE FINANCIAL STATEMENfS ANALYSIS OF EXPENDrruRE ON CHARTTABLE ACTIVITBS Sum￿arY by fund type Curreiit year Rests'icted Unreslricled Funds Fund5 2025 2025 Total Funds 2025 Direct chai'itable activity costs Direct staff costs Administrative costs Govemance costs 29,599 157,959 33,545 3,S93 33,492 10,609 168,568 5,160 38.705 1,008 1,008 221,103 20,670 241,773 Restricted Unrestricted Funds 2024 Total Funds 2024 Prior year 2024 Direct charitable activity costs Direct staff costs Administrative costs Governance costs 36,577 74,402 6,162 7,574 44,151 47.268 121,670 37,516 43,678 960 960 117,141 93,318 210,459 STAFF COSTS DI￿¢1 slaff coiisist mainly of freelance, self eiiiployed hairdressers or consult&nGy Stalf, recharging the Charity for their service5. Tliere were no people employed by the Ch￿'Lty during the year. TRUSTBES, REMUNERATION AND EXPBNSBS During th¢ year ended 31 st January 2025 no Trustees received any remulleralion or other beiiefits, {2024'. £Nil), other than disclos¢d under note 10. During the yeai. ¢nded J l St January 2025 Trustee expenses of £694 wei'¢ incun'ed (2024.. £909). FIXED ASSETS IT Equipment, F4lXtures and Fittings 2025 2024 COST OR VALUATION Al I st Febru Additions Disposals Balance at 3 Ist January 23,293 494 (1,269) 5,701 7,592 22,518 23,293 DBPRECIATION Al 1st February Cliarge for the peiiod Eliminated on disposal Balance at 3 1st J￿luarY NET BOOK VALUE AT 3 1ST JANUARY 16.496 1,675 (79) 13,781 2.715 18,092 16,496 4,426 6,797 CARtNG HAIR PAGE 13 FfNANCIAL STA TEMENTS FOR THE YEAR ENDED 3 1ST JANUARY 2025 NOTES TO THE FtNANCIAL STATEMENrs STOCKS 2025 2024 Gifts in Icind 156 139 DEBTORS Due within one year Accrued income 2025 2024 5,300 CREDITORS Amounts falling due withln olle year Other creditoi's Accruals and deferred income 2025 2024 960 1,008 26,045 1,968 26,045 STATEMENT OF FUNDS Current year Balance at Balance at 1st February 3 1st January 2024 Income Expenditure 2025 Ullrestricted fund5 General funds 8,748 23,218 (20,670) k1,296 Restricted funds Tes¢o's Bags of Help project gratlt Listgr Hospital flmd Pink Ribbon Foundation Johll Lyon's 251( Fund Yr 2 AccelltLllE gr&nt Guys Cancer Center Mount Vemon Chase Farn] and Finchley Princess Alexandra Hospital Southend Clinics Wales Head's Up 75 6,750 (6,825) 10,080 (10,080) 5,750 (6,349) 25,000 (25,000) (400) 23,545 (23,545) 16.800 (16,800) 13,248 (13,248) 4,500 (4,500) 21,926 (20,931) 94,386 (93.425) 599 400 995 961 1,074 221,985 (221,103) 1,956 TOTAL OF FtrNDS 9,822 245,203 (241,773) 13,252 CARING HAIR PAGE 14 FINANCIAL STATEMENTS FOR T14E YEAR ENDED 31 ST JANUARY 2025 NOTES TO THE FINANCIAL STATEMENTS STATEMENT OF FUNDS (continued) Prior year Balance at 1st bebruary 2023 Incotne Expenditure Transfers Balance at 3 1st January 2024 Unrestricted funds General ￿ndS (959) 117,124 (93,318) (14,099) 8,748 Restrieted funds Te5co's Bags of Help project graiit Lister Hospital fund Pink Bibbon Foundation lohn Lyon's 25K Yr 2 Luton & Beds Community Fund Accenture Grant Guys Cancer Center Mount Vernon Chase Farn] and Finchley Hospitsls Wales Head's Up Wales Main Head'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 13,918 10,080 12,249 5,000 5,300 (18,460) (10.080) (12,249) (5,000) (5,3 00) 4,542 27,175 76,941 (117,141) 26,216 194,065 (210,459) 14,099 1,074 TOTAL OF FtfNDS 9,822 Resti'icted Funds Below is a suininary about projects and grant providers whereby restritited funds were provided. Tesco's Bags of Help Tes¢0 stores provide varAou5 grants across various locations. The grydnt funds are typically used to fund a izng¢ of faoe to face and i'emote services to people within a geogTaphica] location. This is defmed by ways of l) where they are having treatment or support (e.g. hospital) or 2) where they live, Eacb gr￿lt is broken down into a particular store that ha5 provided funds for a set grant on a case by case basis. This is a dual fLU]d in that our charity Cancer'Hair Care also provides lundiiig and i'¢sources for the various services, Lister H05Pltal The East & North Hert8 Hospital Charity provides graiit funding for this weekly service lield at the Listei. Hospit'al Sfrvenage ￿]d withill the community via remote services for patients who are being treated by the trLisI. This is a dual fund tn that our charily Cancer Hair Care also provides funding and i'esources for the various services. Pink Ribbon Foundation The grant 18 r¢strictsd to providing 850/0 of services to people with breast cancel-. Tsyically this results in a rattge of fatits to tace and outr¢achlretnote services. This is a dual fund in th&t our Charity Cancor l-lair Care atso provides funding and reSol￿ce,$ fDr the various services, Johii Lyon's Charity This grant is to support children and young peopl¢ under age 30 who twe being treated in (e.g. UCLH LOSPital, Camden, or GOSH Great Ormond Strcet Hospital) or living in the borough of Camden (￿d 7 surroiinding London Boroughs). This is a dual fitnd in tbat our chaiity Cancer Hail Car¢ also provides nding and resoiirces for the vai'ious seivices. CARING HAIR PAGE 15 FINANCIAL STATBMBNTS FOR THB YEAR ENDED 31 ST JANUARY 2025 NO'fES TO THE FINANCIAL STATEMENrs Restricted Funds ./continued Accenture Grant Acceiitt]re donated & fL￿d towards variou5 projects related to 'back to work and inclusion,. This is a dual ￿lld in that our charity Cancer Hair Care also pi'ovides funding and resources for the various services. Guys and SL Thoma5 Chai'ity YE25 The project ￿nd comes from The Guys and St. Thoinas Charity but is paid to us directly from Guys Cancer Centre. The project provides a range of services face lo face in various locations as well as on site within Guys Cancer Centre and VArLually. This is a dual fund in that our clwi'ty Cancer Hair Care also provides ft]nding alld resources foi the various services, Mouiit Vernon Hospltal The East & North FLerts Hospital Charity PIOVLde grant funding for this weekly servi¢¢ held at Mount Vernon Hospital site and within the cominunity and via remote services for patients who are being treated by the trust. Tliis is a dual ￿nd in that our Charity Cancer Flair Care also provides fut￿Ing and resources for thg V￿10￿5 services. Chase Farm & Finchley Services The application for the main part of this fund and reporting is carried out extemally by M&cmillan support- 'rhe Royal Free Trust. The actual funder is 'The Royal Free Charity,. Tlie project Provides a l'ange of services face to face in various locations &s well as on site within the hospitals (Chase FaiTn and Fincliley Memorial) and virtually. This is a du&] fund In that our charity Cancer Hair Care also provides funding and resources for the various services. Wales Head's Up This project was held withinfour bospitals of the NFIS Hywel Dda University l-lealth Board. The four hospitals are: Withybush Hospital, Glaiigwili Hospital, Princc Philip Flospital and BronglL8 Hospital. The n￿1n part of Ihe grant provided by th¢ charity l