2024-03-31-accounts - The Alternative Hair Charitable Foundation

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• , • fighting. mia ALTERNATIVE HAIR CHARITA8LE FOUNDATION TRUSTEES, REPORT AND ACCOUNTS FOR THE 12 MONTHS TO 31 MARCH 2024 The Alternative Hair Charitable Foundation Registered charity 1147189 Unit 8, Summit Centre, Summit Road, Potters Bar, Herts EN6 3QW

Trustees Mr A J Rizzo Ichairmanl, Mrs M E Rizzo, Mrs P Mascolo. Douglas Osbome has finally retired bul continues in the capacity of Honorary Adviser. Govgmanco The Foundation is governed by the terms of the Declaration 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 lo their skills. knowledge, experience and ability to advan the Foundation's charilable work. Working Name We have adopted the working name "fighting Leukaemla" which is registered with the Charity Commission. Objectivgs and Activitie$ The Foundation is empowered lo promote any chaTitable purposes for the public benefit as are exclusively charitable according to the laws of England and Wales as the Trustees may from time lo lime determine and in particular bul without prejudice lo the generality of the foregoing the advanment of research into and the treatment and welfare of people suffering leukaemia and related cancers of the blood. The Trustees have decided that for the bme being they can best pursue the foregoing as a grant making charity that focuses on specific selected causes and have adopted a grant making policy that reflects this. Grant Making Policy l. Introduction The Alternative H8ir Charitable Foundation wes set up in January 2012 following 30 years of The Alternative Hair Shows, a series ofunique charity fundr8isNng events supported by the hair care industry internats"onally and founded on the show held in London each year since 1983. Shows have also been staged irR Bologna, Chicago, Moscow, Seoul, Tokyo and Vienna. The shows have all been dedic8ted lo supporting the work of the UK charity, Leukaemia & Lymphoma Research (noa Blood cancer UK) and charities that advance search and treatment oflgukaemia and lated cancers of the blood in the other countries in which they were staged. Much has been achieved as 8 result. 2. Policy The Trust&es' policy for the forese8able future is lo build upon and bm8den the benefits that The Allemative Hair Shows are bringing to mankind by funding charities with established experience and expertise in the advancement ofresearch into and the treatment and welfare ofpeople suffering leukaemia and related carl of the blood. They Serve the discretion to vary the terms containgd in this documgnl should they consider the p8rticu18r circumstances warrant it. 3. Application of Polley The Trustees are applying funds to any one or combination of the following objectives.. Supporting charities with the established experience 8nd expertise to deliverpmjects which will help to accelerate and/or gxtend more widely the benefits of research and treatment developed in the UK b. Funding or contributing to the funding of specific projects approved by LLR'S expert èdvisorypanels with particular 8mphasis on the acceleration 8nd trartslalion of successful $&arCh into clinic81 benefit forchildren with leukaemia. c. Promoting Ihe well being of children with leukaemia 8nd theirfamilies. Research grants will be subject to proof of satisfactory peer review of the research by the gr8ntee. The Trustees believe that the foregoing will commit all the funds they are cUentlY able to raise and so Gannot consider 8pplicalions forsupport from organNsalions or individuals atpresenl, nor for the foSee8b1e future. 4. Award and Monitoring of Grants The TnJst6es will confirm in writing the details of any grant awaed along with th8 terms and conditions of the grant including r&quirements forprogress reports.

Futurg Policy The Trustees will keep the above policy underregular reTrAew Voluntegrs The Foundation depends heavily upon the contribution of volunteers - their lime, their expertise, their money. The day lo day running of the Foundation is carried out on an entirely voluntary basis by the Trustees with the assistance of staff and office facilities generously provided by our Chairman, MT A J Rizzo, al no cost to the Foundation. The annual Altemative Hair Show, currently 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 charge. "Tapestry-_ The 2023 Alternative Halr Show The Show was staged live at ICC Capital Suite, Excel London and featured an exciting array of hairdressing talent from across the globe with the special added attraction of the Visionary Awards. Unfortunately the staging costs were considerable higher than the year before due to lack of on site facilities. As always, we are deepty grateful to our loyal audience. our generous sponsors. and all who supported the Show in any way. Achlevement8 for the year Nel proceeds of the Show were down by some £20,0 on last year due to much higher staging and other venua costs. Nevertheless, with the addition of funds carried loNaYd we were able lo grant £101,182 across- the work ol World Chlld Cancer for children with leukaemia in Camer(x)n. Malawi and Myanmar the ground breaking research 'D8velwng more effective and safer treatments for childhood leukaemia, led by Professor Tariq Enver at UCL Cancer Institute under the aegis of Blood Cancer UK. In addition a sum ol £3,862.89 collected by BCUK at Show and applied directly to the foregoing research. a grant lo Mald8 of the Poor Slsters In Ethlopla towards the cost ol purchasing medical supplies, machines and mgdicines lor Taza Catholic Church Health Centra. Public Benefit We are aware 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 Reviow and Resep•es We do not grant or commit funds beyond our actual financial resources. Our day lo day running costs are generoijsly supported by our Chairman, Mr R vzzo and his business operatson. The stale of the Foundation's finances is, therefore, sound. We convert funds raised and given into charitable grants for public nefit as soon as is praclicably possible and reserve sufficient funds lo cover the venue deposit and insurance and other upfront costs for the next yeals Alternative Hair Show which is currentty our main source of income. Investment Policy Bearing in mind the reserves policy outlined above, the Trustees do not have any sizeable funds lo invest. Deposit interest amounted to £989. The Trustees declare they have approved the above Report SyJned for on ehalf of the Trustees A J Ri2ZO, airman 2024

THE ALTERNATIVE HAIR CHARITABLE FOUNDATION Income and Expense Account For the year ended 31 March 2024 INCOME Thls year £119,926 £139.339 £990 Last year £128,397 £63,997 £294 Donations Sponsor Deposit interest Total Income £260,255 £192,688 EXPENDITURE Charitable Grants: World Child cancer Blood Cancer UK Maids of the Poor Sisters in Ethiopia Children's Outing £20,000 £60,000 £21,181 £75,000 £25,Crf)O £12,000 £1,584 £113,584 £101,181 Fundraising: Venue hire and staging costs Credit card/bank charges JustGiving Insurance £167,524 £1,911 £80,141 £777 £108 £375 £375 £169,810 £81,401 Administratlon: General Liability Insurance General Professional fees £326 £3,000 £588 £230 £164 £564 £3,914 £958 Total expendlture £274,905 £195.943 Surplusl-deficlt for the year -£14,650 -£3.255

THE ALTERNATIVE HAIR CHARITABLE FOUNDATION Statement of Assets and Llabillties As at 31 March 2024 CURRENT ASSEfs Cash at Bank Deposit Account Thls year £4,739 £42.147 Last year £20,380 £41,157 TOTAL ASSETS £46,886 £61,537 CURRENT LIABILITIES £0 £0 ASSETS £46,886 £61,537 REPRESENTED BY Funds carried forward £46,886 £61,537 The fore their b Iing accounts were approved and authorised for issue by the trustees on xx August 2024 and signed on by: o, Chairman .2024

Futurg Policy The Trustees will keep the above policy underregular reTrAew Voluntegrs The Foundation depends heavily upon the contribution of volunteers - their lime, their expertise, their money. The day lo day running of the Foundation is carried out on an entirely voluntary basis by the Trustees with the assistance of staff and office facilities generously provided by our Chairman, MT A J Rizzo, al no cost to the Foundation. The annual Altemative Hair Show, currently 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 charge. "Tapestry-_ The 2023 Alternative Halr Show The Show was staged live at ICC Capital Suite, Excel London and featured an exciting array of hairdressing talent from across the globe with the special added attraction of the Visionary Awards. Unfortunately the staging costs were considerable higher than the year before due to lack of on site facilities. As always, we are deepty grateful to our loyal audience. our generous sponsors. and all who supported the Show in any way. Achlevement8 for the year Nel proceeds of the Show were down by some £20,0 on last year due to much higher staging and other venua costs. Nevertheless, with the addition of funds carried loNaYd we were able lo grant £101,182 across- the work ol World Chlld Cancer for children with leukaemia in Camer(x)n. Malawi and Myanmar the ground breaking research 'D8velwng more effective and safer treatments for childhood leukaemia, led by Professor Tariq Enver at UCL Cancer Institute under the aegis of Blood Cancer UK. In addition a sum ol £3,862.89 collected by BCUK at Show and applied directly to the foregoing research. a grant lo Mald8 of the Poor Slsters In Ethlopla towards the cost ol purchasing medical supplies, machines and mgdicines lor Taza Catholic Church Health Centra. Public Benefit We are aware 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 Reviow and Resep•es We do not grant or commit funds beyond our actual financial resources. Our day lo day running costs are generoijsly supported by our Chairman, Mr R vzzo and his business operatson. The stale of the Foundation's finances is, therefore, sound. We convert funds raised and given into charitable grants for public nefit as soon as is praclicably possible and reserve sufficient funds lo cover the venue deposit and insurance and other upfront costs for the next yeals Alternative Hair Show which is currentty our main source of income. Investment Policy Bearing in mind the reserves policy outlined above, the Trustees do not have any sizeable funds lo invest. Deposit interest amounted to £989. The Trustees declare they have approved the above Report SyJned for on ehalf of the Trustees A J Ri2ZO, airman 2024

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 charity for the year ended 31 March 2024.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination being a qualified member of Chartered Certified Accountants.

It is my responsibility to:

(i) examine the accounts under section 145 of the 2011 Act;
(ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
(iii) to state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures 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 ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(a) which gives me reasonable cause to believe that in any material respect the requirements:
(i) to keep accounting records in accordance with section 130 of the 2011 Act; and
(ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act;
have not been met; or
(b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Roy Davis

Roy Davis (Sep 17, 2024 18:33 GMT+1)

Roy Davis Whitemoor Davis Limited

Chartered Certified Accountants

5th Floor 111 Charterhouse Street London EC1M 6AW

17/09/2024

Dated: .........................

Independent Examiner's Report 31.03.24

Final Audit Report 2024-09-17

Created: 2024-09-17 By: Roy Davis (laiman@whitemoordavis.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAflqz9zQtmiNmqY7k2tN7BM8Dg0w18VCz

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