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2021-12-31-accounts

REGISTERED COMPANY NUMBER: 10085412 (England and Wales) REGISTERED CHARITY NUMBER: 1166298

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

HAIR AND BEAUTY CHARITY

Raffingers LLP Chartered Certified Accountants 19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD

HAIR AND BEAUTY CHARITY

CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 December 2021

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Cash Flow Statement 10
Notes to the Cash Flow Statement 11
Notes to the Financial Statements 12 to 19

HAIR AND BEAUTY CHARITY (REGISTERED NUMBER: 10085412)

REPORT OF THE TRUSTEES for the year ended 31 December 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

PUBLIC BENEFIT STATEMENT

The board have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the aim and objectives and in planning the charity's future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives set.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity was founded for the following charitable purposes:

Grantmaking

The management committee reviews all applications and decides who to help and what kind of help would be most appropriate. Our guiding principle is that we help professional hairdressers, barbers and beauticians in need and all applications will be considered against the said principle.

To ensure we support those in the most need, priority is given to individuals who have savings of less than £500 and whose income is less or not significantly higher than their expenditure to help as many hairdressers, barbers and beauticians and their young children.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

We continue to attract generous levels of funds from our sponsors and our regular events such as raffle tickets, bike rides and golf days.

During the year the Society made grants of £247,833 (2020 - £263,982) to a wide range of adults and children and aims to continue and where possible expand its grant programme in the next twelve months.

Page 1

HAIR AND BEAUTY CHARITY (REGISTERED NUMBER: 10085412)

REPORT OF THE TRUSTEES

for the year ended 31 December 2021

ACHIEVEMENT AND PERFORMANCE Fundraising activities

We are pleased to say that we managed to generate £79,541 from fundraising activities during the year.

Chairman's Statement

Due to the continuance of the pandemic, fundraising continued to be very difficult in 2021. The year started with the 3rd National lockdown announced on 4th January, with non-essential businesses (including hair & beauty) unable to re-open until 12th April.

Although the Charity's applications were not as high as in 2020 (250 in total for 2020), at 169 throughout 2021 they were still substantially higher than the 104 applications received in 2019 before the pandemic started. Unfortunately, because of the Omnicron variant, many salons and individuals suffered dramatically throughout the Christmas and New Year period, which invariably is the busiest period of any year.

Once again, we were not able to arrange fundraising events, nevertheless, the Relief Fund created by our President Sam Grocutt continued to raise funds for the Charity until late 2021. The Relief Fund was launched in April 2020 and raised £36,015 in total. Additionally, our annual raffle raised £11,000 due to sales being allowed at the industry's award events.

Thankfully again, because of our reserves, interest and dividends received through COIFF, we were able to continue to support our administration team without dipping into raised funds and donations.

There were some administrative changes throughout the year - on 6th September, Sarah Hashim joined the Charity as Beneficiaries Executive, and on 30th September, Jean Kelly left for pastures new. From 1st October, we were delighted to announce that Natalie Booker took over the role of Charity Manager and Company Secretary from Jean Kelly, our then Head of Charity.

We take this opportunity to thank Jean for all her had work and dedication in setting up many new things for the Charity, including on 27th September the Hair & Beauty Charity being entered onto the Scottish Charity Register for the first time.

On a more sombre note, we suffered the sudden loss of Peter Belcher, one of our past Presidents (1997) who had been a committee member for over 20 years, and annually arranged the Charity's golf day. He is, and always will be, sorely missed.

Lastly, but by no means least, I take this opportunity to thank all of our Sponsors, Donors, Trustees and Committee members for their continued support, our outgoing President, Sam Grocutt, for many years of loyal service, and our administration team for their ongoing resolve and dedication.

Phillip Rogers, Chairman

Investment performance

Net gains on investment amounted to £336,611. Total investment income from listed investments was £69,672.

FINANCIAL REVIEW Financial position

The financial results for the year to 31 December 2021 are shown in the attached financial statements.

Total income decreased from £825,046 to £233,592.

Total expenditure decreased from £404,535 to £375,215.

There was a net increase in funds of £194,988 with total unrestricted funds carried forward of £2,769,063 (2020 - £2,574,075).

Investment policy and objectives

The charity aims to achieve a certain return of both income and capital growth with no more than a moderate level of risk.

Page 2

HAIR AND BEAUTY CHARITY (REGISTERED NUMBER: 10085412)

REPORT OF THE TRUSTEES for the year ended 31 December 2021

FINANCIAL REVIEW

Reserves policy

The trustees have established the level of reserves (that is those funds that are freely available) that the charity ought to have. Reserves are needed to bridge the funding gaps between spending on activities and receiving resources through voluntary income. The trustees consider that the ideal level of reserves as at 31 December 2021 would be three months of resources expended which is about £93,800. However, the charity is principally operated as a grant giving charity, and the trustees' policy is to seek to distribute the bulk of the income arising in each financial year as it becomes available.

The free reserves as at 31 December 2021 were £59,120. In calculating the reserves, the trustees have excluded from total funds fixed assets, investments and any restricted income funds.

Going concern

The trustees, having made appropriate enquiries, consider that adequate resources exists for the charity to continue in operational existence for the foreseeable future and that, therefore, it is appropriate to adopt going concern basis in preparing the financial statements as at and for the period ended 31 December 2021. The trustees have made this assessment in respect to a period of one year from the date of approval of these accounts.

Undoubtedly there will be challenges ahead but the trustees do not expect material concerns to arise over the charity's financial or going concern position.

FUTURE PLANS

The charity plans to continue assisting the past and present members of the hairdressing and beauty industry.

Covid 19

Since 2020, the Covid 19 pandemic has developed rapidly, with significant social and economic impact. We have taken a number of measures to monitor and ensure the health and safety of our employees, volunteers and end beneficiaries. At this stage the impact on our ability to continue with our charitable activities is minimal. We have adapted our fundraising activities to comply with government's policies and advice.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Hair and Beauty Charity is a company limited by guarantee without share capital, incorporated on 25 March 2016 and registered with the Charity commission on 31 March 2016.

The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

Recruitment and appointment of new trustees

New trustees are appointed due to their interest in the work of the charity and their recognised experience in specific fields which will further support the work of Hair and Beauty Charity. Trustees can retire when they do not serve under a fixed term of tenure.

Organisational structure

The board of trustees administers the charity. The board meets periodically.

Induction and training of new trustees

New trustees are given a full induction by the other trustees of the charity. Trustees can retire when they wish as they do not serve under a fixed term of tenure.

Page 3

HAIR AND BEAUTY CHARITY (REGISTERED NUMBER: 10085412)

REPORT OF THE TRUSTEES

for the year ended 31 December 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees have a risk management strategy which comprises:

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

10085412 (England and Wales)

Registered Charity number

1166298

Registered office

First Floor, One Abbey Court Fraser Road Priory Business Park Bedford Bedfordshire MK44 3WH

Page 4

HAIR AND BEAUTY CHARITY (REGISTERED NUMBER: 10085412)

REPORT OF THE TRUSTEES

for the year ended 31 December 2021

Trustees

Ms J A Lewis-Orr Ms P Mabey R M Rogers Ms H Ward Mrs L J Hickey Mrs S Grocutt-Davies

Management Committee

Sam Grocutt-Davies - President Amy Woolner (Joined 09.02.21) Anna Mackew (Joined 12.01.21) Alexandra Forbes (Resigned 13.09.21) Caroline Hirons (Resigned 09.03.21) Dafydd Thomas (Resigned 09.03.21) David Drew Emily Davis (Joined 09.11.21) Gaynor Hodge (Joined 09.11.21) Jackie Holian (Resigned 12.01.21) Janine Jennings (Joined 08.06.21) Jenni Lovegrove (Resigned 12.01.2021) Lorenzo Colangelo Paul Brooks Penny Etheridge (Resigned 03.09.21) Peter Belcher (Deceased - 03.12.21) Philip Sharp Richard Lambert Robbie Atherton Sam Johnson Samantha Sweet Sarah Seaman Sharon Brigden Wendy Frame Zoe Tanner (Resigned 12.01.21)

Company Secretary

Ms N Booker

Independent Examiner

Raffingers LLP Chartered Certified Accountants 19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD

Approved by order of the board of trustees on 23 May 2022 and signed on its behalf by:

R M Rogers - Trustee

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HAIR AND BEAUTY CHARITY

Independent examiner's report to the trustees of Hair And Beauty Charity ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr Suda Ratnam FCCA Raffingers LLP Chartered Certified Accountants 19-20 Bourne Court Southend Road Woodford Green Essex IG8 8HD

23 May 2022

Page 6

HAIR AND BEAUTY CHARITY

STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31 December 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Fundraising
3
Investment income
4
Total
EXPENDITURE ON
Raising funds
5
Charitable activities
6
Charitable activities
Total
Net gains on investments
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
84,380
79,541
69,672
233,593
11,569
363,647
375,216
336,611
194,988
2,574,075
2,769,063		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-		 2021
Total
funds
£
84,380
79,541
69,672
233,593
11,569
363,647
375,216
336,611
194,988
2,574,075
2,769,063		 2020
Total
funds
£
95,327
669,494
60,225
825,046
36,070
368,465
404,535
139,729
560,240
2,013,835
2,574,075

The notes form part of these financial statements

Page 7

HAIR AND BEAUTY CHARITY (REGISTERED NUMBER: 10085412)

BALANCE SHEET

31 December 2021

Notes
FIXED ASSETS
Tangible assets
13
Investments
14
CURRENT ASSETS
Debtors
15
Cash at bank
CREDITORS
Amounts falling due within one year
16
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
17
Unrestricted funds
TOTAL FUNDS		 Unrestricted
fund
£
406
2,709,537
2,709,943
3,945
63,742
67,687
(8,567)
59,120
2,769,063
2,769,063		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
-		 2021
Total
funds
£
406
2,709,537
2,709,943
3,945
63,742
67,687
(8,567)
59,120
2,769,063
2,769,063
2,769,063
2,769,063		 2020
Total
funds
£
610
2,372,926
2,373,536
13,219
199,931
213,150
(12,611)
200,539
2,574,075
2,574,075
2,574,075
2,574,075

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 8

HAIR AND BEAUTY CHARITY (REGISTERED NUMBER: 10085412)

BALANCE SHEET - continued 31 December 2021

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 23 May 2022 and were signed on its behalf by:

R M Rogers - Trustee

The notes form part of these financial statements

Page 9

HAIR AND BEAUTY CHARITY

CASH FLOW STATEMENT

for the year ended 31 December 2021

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of fixed asset investments
Dividends received
Net cash provided by/(used in) investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2021
£
(205,861)
(205,861)
-
-
69,672
69,672
(136,189)
199,931
63,742		 2020
£
362,654
362,654
(495)
(320,000)
60,225
(260,270)
102,384
97,547
199,931

The notes form part of these financial statements

Page 10

HAIR AND BEAUTY CHARITY

NOTES TO THE CASH FLOW STATEMENT for the year ended 31 December 2021

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OPERATING ACTIVITIES
2021 2020
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 194,988 560,240
Adjustments for:
Depreciation charges 204 444
Gain on investments (336,611) (139,729)
Dividends received (69,672) (60,225)
Decrease/(increase) in debtors 9,274 (1,717)
(Decrease)/increase in creditors (4,044) 3,641
Net cash (used in)/provided by operations (205,861) 362,654

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash At 1.1.21
£		 Cash flow
At 31.12.21
£
£
Cash at bank 199,931 (136,189)
63,742
199,931 (136,189)
63,742
Total 199,931 (136,189)
63,742

The notes form part of these financial statements

Page 11

HAIR AND BEAUTY CHARITY

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Assessment of going concern

The trustees, having made appropriate enquiries, consider that adequate resources exists for the charity to continue in operational existence for the foreseeable future and that, therefore, it is appropriate to adopt going concern basis in preparing the financial statements as at and for the period ended 31 December 2021. The trustees have made this assessment in respect to a period of one year from the date of approval of these accounts.

The trustees of the charity have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due. The most significant areas of judgement that affect items in the accounts are detailed below. In arriving at the conclusion, the trustees have considered the potential implications of the effects of Covid 19 on the charity. The figures for the period under consideration have not been impacted by Covid 19 and the trustees are confident that no adjustments are necessary to the carrying value of the assets held at the balance sheet date.

With regard to the next accounting period, the year ending 31 December 2022, the most significant areas that may affect the charity are potential loss of income due to reduction in fundraising activities and investment return and the carrying value of the assets held by the charity due to the performance of the investment markets.

Undoubtedly there will be challenges ahead but the trustees do not expect material concerns to arise over the charity's financial position or going concern.

Critical accounting judgements and key sources of estimation uncertainty

Preparation of the financial statements requires the trustees and management to make significant judgements and estimates.

The items in the accounts where these judgements and estimates have been made include:

Income

Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount.

Dividends and interest on securities are credited in the financial statements when the charitable company is entitled to receive the funds.

Gift in kind

Gifts in kind are recognised at their open market value at the date of transfer.

continued...

Page 12

HAIR AND BEAUTY CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2021

1. ACCOUNTING POLICIES - continued

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Cash at bank and in hand

Cash at bank and in hand represents such accounts and instruments that are available on demand or have a maturity of less than three months form the date of acquisition. Deposits for more than three months but less than one year have been disclosed as short term deposits.

Creditors and provision

Creditors and provision are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors and provision are recognised at the moment the charity anticipates it will pay to settle the debt. They have been discounted to the present value of the future cash payments where such discounting is material.

continued...

Page 13

HAIR AND BEAUTY CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2021

2.
DONATIONS AND LEGACIES
Donations
Gift aid
3.
FUNDRAISING
Bike ride
Golf day
Raffle tickets
Charity ball
Voluntary fundraising
Charity fundraising
Relief fund
Other income
4.
INVESTMENT INCOME
Investment income received
5.
RAISING FUNDS
Raising donations and legacies
Bike rides
Sports events
Raffle tickets
Charity ball
Salons and beauty costs
Other fundraising costs
Advertising and marketing
Travelling		 2021
£
82,119
2,261
84,380
2021
£
3,900
-
11,744
-
45,242
10,450
4,444
3,761
79,541
2021
£
69,672
2021
£
2,400
-
2,023
-
1,354
3,065
2,252
475
11,569		 2020
£
92,338
2,989
95,327
2020
£
900
1,877
5,889
37,205
592,122
-
31,501
-
669,494
2020
£
60,225
2020
£
400
1,080
1,199
26,632
-
627
5,782
350
36,070

continued...

Page 14

HAIR AND BEAUTY CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2021

6. CHARITABLE ACTIVITIES COSTS

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Grant| |funding of| |activities|Support| |Direct|(see note|costs (see| |Costs|7)|note 8)|Totals| |£|£|£|£| |Charitable activities|90,808|247,833|25,006|363,647| |7.|GRANTS PAYABLE| |2021|2020| |£|£| |Charitable activities|247,833|263,982| |The total grants paid to individuals during the year was as follows:| |2021|2020| |£|£| |Grants to individuals|247,833|263,982| |8.|SUPPORT COSTS| |Governance| |Management|Finance|Other|costs|Totals| |£|£|£|£|£| |Charitable activities|10,588|3,910|224|10,284|25,006|

----- End of picture text -----

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

----- Start of picture text -----
|||| |---|---|---| |2021|2020| |£|£| |Depreciation - owned assets|204|444| |Other operating leases|6,000|6,000|

----- End of picture text -----

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.

continued...

Page 15

HAIR AND BEAUTY CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2021

11. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Administration
No employees received emoluments in excess of £60,000.
The average number of employees during the year was 2.
12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
95,327
Fundraising
669,494
Investment income
60,225
Total
825,046
EXPENDITURE ON
Raising funds
36,070
Charitable activities
Charitable activities
368,465
Total
404,535
Net gains on investments
139,729
NET INCOME
560,240
Transfers between funds
13,815
Net movement in funds
574,055
RECONCILIATION OF FUNDS
Total funds brought forward
2,000,020
TOTAL FUNDS CARRIED FORWARD
2,574,075		 2021
£
83,304
4,957
2,547
90,808
2021
2
Restricted
fund
£
-
-
-
-
-
-
-
-
-
(13,815)
(13,815)
13,815
-		 2020
£
71,417
3,442
2,359
77,218
2020
2
Total
funds
£
95,327
669,494
60,225
825,046
36,070
368,465
404,535
139,729
560,240
-
560,240
2,013,835
2,574,075

continued...

Page 16

HAIR AND BEAUTY CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2021

13. TANGIBLE FIXED ASSETS

Fixtures
and
Computer
fittings
equipment
£
£
COST
At 1 January 2021 and 31 December 2021
2,233
1,333
DEPRECIATION
At 1 January 2021
2,233
723
Charge for year
-
204
At 31 December 2021
2,233
927
NET BOOK VALUE
At 31 December 2021
-
406
At 31 December 2020
-
610
14.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 January 2021
Revaluation
At 31 December 2021
NET BOOK VALUE
At 31 December 2021
At 31 December 2020
There were no investment assets outside the UK.
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021
£
Trade debtors
2,500
Other debtors
1,445
Prepayments
-
3,945		 Totals
£
3,566
2,956
204
3,160
406
610
Listed
investments
£
2,372,926
336,611
2,709,537
2,709,537
2,372,926
2020
£
-
1,445
11,774
13,219

continued...

Page 17

HAIR AND BEAUTY CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2021

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other creditors
Accrued expenses
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above ar
Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS		 e as follows:
Incoming
resources
£
233,593
233,593
At 1.1.20
£
2,000,020
13,815
2,013,835		 At 1.1.21
£
2,574,075
2,574,075
Resources
expended
£
(375,216)
(375,216)
Net
movement
in funds
£
560,240
-
560,240		 2021
£
968
7,599
8,567
Net
movement
in funds
£
194,988
194,988
Gains and
losses
£
336,611
336,611
Transfers
between
funds
£
13,815
(13,815)
-		 2020
£
968
11,643
12,611
At
31.12.21
£
2,769,063
2,769,063
Movement
in funds
£
194,988
194,988
At
31.12.20
£
2,574,075
-
2,574,075

17. MOVEMENT IN FUNDS

continued...

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HAIR AND BEAUTY CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2021

17. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
825,046
825,046		 Resources
expended
£
(404,535)
(404,535)		 Gains and
Movement
losses
in funds
£
£
139,729
560,240
139,729
560,240

Leonard Lewis Fund

The Leonard Lewis Fund was established to provide financial assistance to Mr Leonard Lewis who was an eligible beneficiary of the Hair & Beauty Benevolent Society, at the direction of the trustees. Leonard Lewis died on 30 November 2016. During the year, it was decided that the unrestricted funds brought forward of £13,815 is to be transferred to the unrestricted fund until it is decided where to spend the money.

18. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2021.

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