• . • fighllnu. LfURdemia ALTERNATIVE HAIR CHARITABLE FOUNDATION TRUSTEES, REPORT AND ACCOUNTS FOR THE 12 MONTHS TO 31 MARCH 2022 The Alternative Hair Charitable Foundation Registered charity 1147189 Unit 8, Summit Centre, Summit Road. Potters Bar, Herts EN8 3QW
Trustees Mr A J RFzzo Ichaimianl, Mrs M E Rizzo, Mr8 P Magcolo and Mr D L Osborne. Gov•man¢• The Foundation is governed by the terms of the Declaration of Trust datgd 20th January 2012 as amended by the Supplementary Declaration dated 14th June 2012. New TrLJStees are selected by the Trustees having due gard to their skills. knowledge, experience and ability lo advance the Foundation's charitablg work. Worklng Name We have adoptsd the working name "11ghtlng Leukaomla'which Is registered with the Charity Commission. ObJ8ctlvo• and ActSvltl•s Ttte Foundation is empowered to promote any charitable purposes for the public benefit as are exclusively charitab according lo the laws of England and Wales a5 the Trustees may from timo to lime detèrmine and in particular bul without prejudice lo the generality of the foregoing the advancement of research into and the treatment and welfare of people $ufforing leukaemia and related cancers ol the blood, The Tru51ees have decided that for th8 time being they can best pursue th8 forègoing as a grant making charity that focuses on specific selgctod causes and have adopted a grant making policy that rètscts this. Grant Maklng Pollcy l. Introductlon The Altgmatlv8 Hair Charlt8bl8 Foundation was s81 up in January 2012 following 30 yo8 of The Altgm8tiv8 Hair Shows, a series of uniqug ch8ri1y fundraising ev$nts support8d by tha haircar8 Industry inlernalionally and founded on the show held in London each ygarsince 1983. Shows h&ve also begn s18g8d in Bologna, Chicago, M¢xfcow, Seoul, Tokyo and Vignng. Th8 shows h8ve 811 baen d8di¢ated to supporting IlJ8 WQrt( of the UK charity, Leuk88mia & Lymphoma Res88rch (LLR) and charities Ih8t advance rgsearch and Iraatmenl of leukaemia end rel81od cancers ol the bl¢)od in the other countries in which Ihay werg Stag8d. Mu¢h ho$ boon &Chvd as 8 r88utt. 2. Poll¢y The Trust&&s'polioy for the fornsee8bl& lulur& is lo build upon 8nd broad8n the b8n8fils Iljat Tha Allem8tive Hair Shows &r8 bringlng to m8nkind by funding ch8ritl8S Wlth eslablish8d 8xperience and experts'se in the 8dv8nc&m8nt of resggrch Into and the Ir8almenl and wemats ofpeople suff8ring l&uk8emi8 8nd rglaled c&noer3 of the b1th. Th8y rgseN8 thg disGr81 to vory the temjs contgined in thls document should they COnsr the p8rticularcircumslan¢es w8rranl11. 3. Appll¢atlon olPoll¢y The Tmstees are applying funds to any one or combinallon ol the following obj8cIIv•s.' Supporting charittss with tha established &xperience and exp8rtiSg lo deliverpmiecls which will help to 8cc?lerate ancyor extend more widely the benefits of research and trgalment developed in tho UK b. Funding orcontribuling lo th8 funding of specificproj&cts approved by LLR'S 8XP&rt advisorypanels with particular 8mph8sis on Ilje 8cceleTrtlon and translat of successful research into ¢linical ben8fft forchildn with lgukaemia. c. Promots"ng the w911 being of children with leukafjmia and their f8miligs. Research grants will be subiect lo proof of satisfactorypeer r8vi8w of fhe resea by the grantee. The Tnjstees believe Ih8t the for8going will commit all the funds they are GU811Y able to ls8 and so c8nnot $er appIallOnS forsupport from organisah'ons or individuals al prgsgnt. nor for the forns88able fulurn. 4. Awardand Monltorlng of Grants Tha Twst88s will confimi in writing the details of any gTrnl aw8rt1ed along with the temjs and conditnS of th8 grant includin9 requirements forp)g$S reports.
S. Futurn Pollcy The Trustees will keep th8 above policy under regularrnvlew Volunteers The Foundation depends heavily upon the contribution of volunteers - their time, their gxpertise. their money. The day to day running of the Foundation is carried out on an entirely voluntary basis by the Tru8tees with the 8sgi$lance of stsff generously provided by our Chairman, Mr A J Rrlzo, al nil cost lo the Foundation. The annual AllernatW8 Hair Show, currently the Foundation's main source of Income, comprises a spectacular array of on-stage prtsjuctions by hairdressing artisb'c tearns from across the world who give their setvice5 enlirgty free of charge. "Illumlnare". The 2021 Altematlve H•lr Show Due lo the Covid pandemic we again had lo stage the Show in virtual formal and, alas, the pro$ generated for our chosen charib'es were yel further down on the levels we have been used to. The Trustèès extend profound thanks lo our loyal online audience. the 8pon80rs, and all who supported the Show in any way. A¢hlovements for the year We are disappointed that, due to finan¢lal constralnts, th9 Foundation was onty able lo make grants lotalling £21,000 during the year. In an effort lo rèvlve Ihg fortunes of the Foundatign our long-term sponsor, The Anthony and Pat Foundation. generously granted a special sponsorship of £35,000 to cover the cost of hiring a consultant lo review activity and explore ways of maximizing tha Foundations potential in the hairdressing community. At Iht lime of writing, this venture is not producing tha fruits hoFod for and 8018 unlikety lo contlnu8 In thg following year. Publlc Bon•flt We are aware of th• Charity Commi881on'8 public beneff( guidelin88 and Gon¥idgr that the work we have lunded during the course of the yèar falls entirely within those guidoline$. Flnanclal Rovl•w and R•••rv•• We do not grant or commit fund8 beyond our actual financial resources. Our day lo day runnlng cost8 are generously cov8r8d by our Chairman, Mr R Yzzo and h18 buslne$$ operation. The 8tsle of tho Foundation's financos 18. thereforè, sound. We convert funds raised and glven into charitable grants for public bonefil as 600n as is pra¢lic8bly posslble and reserve sufficient funds lo cover the venue deposit and insurance for the next year's Allernats've Halr Show which Is currenlly our main sourcg of income. We are hopeful that we shall be able lo retum to 8 full Ilv8 Show in 2022 and so g¢nerate a much high8r level of fund8 for our charitable causes. Plans are alraady underway for the Show though we are having Some dlfficuty In securing suitable venue at a favourable hire fee. The dale is Sunday the 9th October 2022. Invo•tm•nt PDIICY Bearing In mind the reserv8s policy outlined above, the Trustees do not have any SReable funds to invest. Due lo thè paucity of bank interest rates the amount recelved In Inter8St was mlnlmal. The Truste9$ dlare they have approved the above Report Signed for an on beh the Trustees A J Rizzo 25th July 2022
THE ALTERNATIVE HAIR CHARITABLE FOUNDATION Income and Expense Account For the year ended 31 March 2022 INCOME Donations Sponsor Deposit interest Total Income Thls year £22,681 £48,000 £12 Last year £25,478 £18,000 £43 £43,521 £70,692 EXPENDITURE Charltable Grants: World Child cancer Blood Cancer UK Royal Marsden Cancer Charlty Maids of the Poor Slsters in Ethiopla £15,LKIO £30,C0 £iO,CMJO £io,cMJo £65,000 £15,C(10 £6,000 £21,IXIO Fundralsln8: Venue hlre and staging costs Credlt ¢ardlbank char8es JustGiving £15,000 £696 £277 £18,300 £555 £216 É48,055 £19,071 Sponsored consultancy £32,083 Admlnlstratlon: General Liability Insurance General Professional fees £224 £251 £528 £308 £354 £528 £1,003 £1,190 Total Expendlture £70,058 £85,261 Surplu51-deficit for the year £635 -£41,740
THE ALTERNATIVE HAIR CHARITABLE FOUNDATION Statement of Assets and Liabllltles As at 31 March 2022 CURRENT ASSErs Cash at Bank Deposlt Account This year £23,950 £40,864 Last year £23,327 £40,852 TOTAL ASSETS £64,814 £64,179 CURRENT LIABIUTIES £0 £0 NET ASSErs £64,814 £64.179 REPRESENTED BY Funds carrled forward £64,814 £64,179 The foregolng accounts were approvéd and authorised for issue by the Iruslee$ on 25th July 2022 and slgned on their behalf by.. izzo Chairman 251h July 2022
THE ALTERNATIVE HAIR CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THEALTERNATIVE HAIR CHARITABLE FOUNDATION I report on the accounts of the charity for the year ended 31 March 2022. Respectlve responsibilitles of trustees and examiner The charity's Iruslees are responsible for the preparation of the accounts. The charity's Iruslees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 Ilhe 2011 Actl and that an independent examination is needed. It is my responsibility lo.. examine the accounts under section 145 of the 2011 Act, lill lo follow the prOdureS laid down in the general Dire¢lions given by the Charity Commission under section 14515llbl of the 2011 Act,. and liiil lo slate whether particular matters have come to my attention. Basis of indgpgndgnt gxamingrfs rgport My examination was carried out in accordan with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comp8rison of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees conrning any such matters. The prOdureS undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'lrue and fair view, and the report is limited to those mallers set out in the slalemenl below. Independent examinerf8 Statement In connection with my examination, no matter has come to my attention". lal which gives me reasonable cause to believe that in any material resped the requirements.. lo keep accounting records in accordance with section 130 of the 2011 Act.. and lill lo prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act., have not been mel, or Ibl lo which, in my opinion, attention should be drawn in order lo enable a proper understanding of the accounts lo be reached. Roy Davis vhitemo0r Davis Limited Chartered Certified Accountants Lower Ground Floor 111 Charterhouse Street London EC1M 6AW Dated Sep 13. 2022