• . • fighllng. trJ)leukaemla ALTERNATIVE HAIR CHARITA&LE FOUNOATION TRUSTEES, REPORT AND ACCOUNTS FOR THE 12 MONTHS TO 31 MARCH 2021 The Attemative Hair Charitable Foundation Registered charity 1147189 Unil 8, Summit Centre. Summit Road, Potters Bar, Herts EN6 3QW
Trust••s Mr A J Rizzo {Chaim)anl, Mrs M E Rizzo. Mrs P Mascolo and Mr D L Osborne. Govemance The Foundation is govemed by the tern of the Dedaration of Trust dated 20th January 2012 as amended by the Supplementary Declaration dated 14th June 2012. New Trustees are selected by the Trustees having due regard to their skills, knowledge, experience and ability to advance the Foundation's charitable work. Working Name We have adopled the working name .ghting Leukaemla"which is registered with the Charity Commission. ObJo¢tives and Activities The Foundation is empowered lo promote any charitable purF)oses for the public benefit as are exclusively charilable according lo the laws of England and Wales as the Trustees may from time to time detemiine and in particular bul without prejudice to the generality of the foregoing Ihe advaneement of research into and the Ireatment and welfare of people suffering leukaemia and related cancers of th8 blood. The Trustees have decided thal ft)r the lime being they can best pursue the fogOing as a gront making ¢harity that focuses on speciffic selected causes and have adopted a grant making policy that reflects this. Grant Making Policy l. Introduction The Altemats've Hair Chantable Foundation was set up in January 2012 following 30 years of The AltematiV8 Hair Shows, 8 series of unique charity fundraising events supported by the hair ¢are industry intemationally and founded on the show held in London each year since 1983. Shows have also be8n staged in Bologna, Chicago, Moscow, Seoul. Totyo and Vienna. The shows have all been dedicated lo suppOng the work of the UK charity, Leukaemia & Lymphoma Research (LLR) and chanties that advance research and treatment of leukaemia and related cancers of the blood in the other countries in which they were staged. Much has been achieved as a result. 2. Policy The Tnistees, policy for the foreseeable fvture is to build upon and broaden the benefrts that The Altemative Hair Shows are b17nging to mankind by fundlng chailties with established 8XP8178nce and expertlS8 in the advancement of research inlo and the treatment and welfare of people suff8ring leukaemia and r81ated cancors of the blood. They r858rve the discretion lo vary the t8m7s contained in this document should they consider the particular urcumstsnces warTrnt IL 3. Appllcatlon of Policy The Tmstees are applwng funds to any one or combination of the follong objectives.. Supporting ch8AYties with Ihe established experlenco and expertise to deliverprojects which will help to accelerate and/orextend more widely the benefits of research and treatment devgloped in the UK
b. Funding or cOnlbUt1ng to the fvnding of specific projects approved by LLR'S expert advisorypanels with particular empha&s on the 8cceleration 8nd translation of successfvl research info clinical benefit for children with leuk8emia. c. Promoting the well being of children wth leukaemia and their families. R8sgarch grants will be subject to proofofsats"sfactory peer wew of the reSeah by th8 grantee. The Trustees believe thaf the foregoing will commit all the fvnds they are cuffently ablg to raise and so cannot consider applications forsupport from organisations or individuals at present, nor for the foreseeable future. 4. Award and Monitoring of Grants The Trustees will confim7 in writing the details of any grant awarded along with the tenp7S and condits.ons of the grant including r9qu1Ments forprogress reports. 5. Future Poll¢y The Trustees .11 keep the 8bove pollcy underregular rewew Volunteers The Foundation depends heavily upon the contribution of volunteers - their time. their expertise. their money. The day to day running of the Foundation is carried out on an entirely voluntary basis by the TTuslees with the assistance of staff generously provided by our Chaimian, Mr A J Rizzo. at nil cost lo the Foundation. The annual Altem2tive Hair Show, cuffenlly the Foundation's main source of income, comprises a spectacular array of on-stage productions by hairdressing artistic teams from across the world who give their services entirely free of Gharge. "Imagine-. The 2020 Altérnativo Hair Show Due to the Covid pandemic we had to stage Ihe Show in virtual formal and we were most impressed by the imaginative venues that our performers chose to feature their highly creative perfomiances. We believe this is a great credit to the prof8ssion and induslry woddwide. Alas the prOedS were severely down on last year but we nevertheless raised a creditablè £43,478. The Trustees extend profound thanks to our loyal online audience, the sponsors, and all who supported the Show in any way. A¢hievemenls for the year The total sum raised at the 2020 Show was dispersed in charitable grants and so, with an addition from funds caned foMard, we granted a total of £65,000 lo the vital causes listed in the accounts. Public Benefit We are awa of the Charity Commission's public benefit guidelines and consider that the work we have funded during the Course of the year falls entirely within those guidelines. Financial Review and Reserves We do not grant or commit funds beyond our actual financial reSoUrs. Our day to day running costs are generously covered by our Chairman, Mr Rizzo and his business operation. The state of the Foundation's finances is, therefo, sound.
We convert funds ralsed and given into charrtable grants for public benefit as soon as is practicably possible and reSee suffici8nt funds to cover the venue deposit and insurance for the next yearfs Allemative Hair Show which is Currently our main source of income. Due to the continuing uncertainties caused by the Covid pandemic, we have decided that the 2021 Show "Illuminare. will also be virtual. The date is already fixed for the weekend 9110 October 2021. Investment Policy Bearing in mind the reserves policy oulined above. the TTUStees do not have any sizeable funds to invest. Due to the paucity of bank interest rates the amount received in interest was minimal. The Trustees declare Ihey have approved the above Report Signed for n on behalf of the Trustees A J Rizzo, an 20" st 2021
The Alternative Hair Charitable Foundation Income and EK nse Account For the ear ended 31st March 2021 This year Last year INCOME Donated ficket Sales Donations Sponsor Deposit Interest Total Income £109.351 £42,150 E42,000 £365 £25.478 £18,000 £43 £43,521 £193,866 EXPENDITURE Charitsble Grants World Child Cancer Blood Wise Royal Marsden Cancer Charity Maids of the Poor Sisters in Ethiopia Annual Children's Outing £15,000 £30,000 £10,000 £10,000 £55,800 £5,000 £1,250 £62,050 £65,OCIO Fundraising Venue Hire and staging costs Credit Card /bank charges JustGiving Event Insurance £18,31XI £555 £216 £158,172 £103 £2.025 £160,300 £19,071 Admin15tration Combined General Liability Insurance General Professional Fees £308 £354 £528 £308 £2.013 £900 £3,221 £1,190 Total Expenditure £85,261 £225,571 FUNDS CARRIED FORWARD 441,740 431,705
The Alternatlve Hair Charttible Foundation STATEMENT OF ASSEfs AND LIABILITIES AS AT 31ST MARCH 2021 Thisyear Last year CURRENT ASSErs Cash at bank Deposit Account £23,327 £40,852 £65,100 £40.819 TOTAL ASSErs £64.179 £105.919 CURRENT LIABILITIES £0 £0 NET ASSErs £64,179 £105,919 REPRESENTED BY Funds carried forward £64.179 £105,919 The foregoing accounls were approved and authorised for issue by the trustees on 20th August 2 21 and signed on their behalf by= Chairman 20th August 2021
THE ALTERNATIVE HAIR CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ALTERNATIVE HAIR CHARITABLE FOUNDATION I report on the accounts of the charityfor the w er¥Jed 31 March 2021. Rospoctive r•sponslbilltles of trusto05 and examlnor The charity's Irustees are r8sFM)nsibl8 for the prpparalion ol th8 accounts. The charity's truste8S U)n8ider that an audrt is not required for this year under sejthon 14412) of the Charrties AGI 2011 (the 2011 Act) a1 that an irmlependent examlnation 18 needed. 1118 my responsibility to: {1) examin8 th8 cOunts under section 145 ofthe 2011 Ad,. (li) to follow the pro¢vJures laid down in the general Directions given by char Commis8ion under se(*on 145(SMbl of the 2011 Act. and (iii) io state whther partt'raAlar matters have 03 to my attenlKJn. Basls of independent examlnerf$ rEport My 6xamination was carried out in accondance wth the general Dir&tions given by tho Charity Commission. An examination IrKludes a wew of Ihe nIing recards kept by the charity and a comparfson of the accounts presented wrth those rec4xds. It also indud8s consideration of ary uiNJsual or disd08ures in tha a(xounts, arnj se8ktng oxplanaiions from you as trustees CA)nceming any 8LKh matters. The prrtedLres undertaken do not provide all the evid8nc8 that woukl be Tequired in an audit arKI consequerty rto opinion is gNen as io Ihe acrnunts wesent a Irue ar fair aryj the rewjrt 18 limi to those matter3 set out In the statement betow. Indopendent oxamlnees sta¢omont In connt wth my examination. no matter has Gom8 lo my 8ttention: (a) 1¢h gives me rnasonabla cause to believe that in any material Tespect the requSrernents: (i) lo keep aCUntIng re)rdS in act0rdan wth section 130 of the 2011 Act; and lil) to prepare acccmjnts which &cord with tha CoUntIng rTtl8 comply the thuntIng requirements of the 2011 Act.. have not been met: or {b) to which. in my opinion. attenllon shcyjld bo drawn in order to enaNè a prop8r understan¢thng of th& accounts to be re&hed. Roy Daws Whitem(K)r DaTrA8 Llmlted Chartered Certffi&J Accountants Lor Ground Floor 111 Charterhouse Street London EC1M 6AW Sep 27, 2021