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Trustees’ Annual Report for the period
From Jan 2023 Period start date To Dec 2023 Period end date
Charity name: The Hair Foundation
Charity registration number: 1173785
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To help those who have become disadvantaged from difficult life circumstances to regain confidence, and self esteem primarily through the provision of free and low cost hairdressing & hairdressing services. Serving vulnerable and disadvantaged groups in the UK and Internationally including homeless and those living in sheltered accommodation & with low or no income with a view to help rebuilding their lives. Additionally offering support to young people to become aware of and engaged in the hairdressing industry. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Hairdressing for Homeless women |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making
Policy on social investment Para 1.38 including program related investment Hairdressing services administered Para 1.38 Contribution made by volunteers Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | Has had a major impact on individuals self esteem and a positive action for their mental health |
Additional information (optional) You may choose to include further statements where relevant about:
Achievements against objectives set |
Para 1.41 |
|
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 |
Other
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Charity is in a positive position financially |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | No reserves held |
| Amount of reserves held | Para 1.22 | Zero or balance at bank |
| Reasons for holding zero reserves |
Para 1.22 | none |
| Details of fund materially in deficit |
Para 1.24 | none |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | none |
Additional information (optional)
You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including any fundraising) |
Para 1.47 |
donations |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | Not applicable |
| A description of the principal risks facing the charity |
Para 1.46 | none |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Every trustee must be appointed [for a minimum term of one year] by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. |
Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other
Reference and Administrative details
| Charity name | The Hair Foundation |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1173785 |
| Charity’s principal address | Martyn Maxey Flat 78 Marlborough 61 Walton Street London SW32JX 07927651094 |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Martyn Maxey | Chairman | Wholeyear | ||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets Not Applicable held in this capacity
Name and objects of the Not Applicable charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for Not Applicable safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Martyn Maxey Full name(s) Martyn Maxey
Position (eg Secretary, Chair Chair, etc) Date 21/10/2024
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| THE HAIR FOUNDATION | THE HAIR FOUNDATION | 1173785 | ||
|---|---|---|---|---|
| Receipts andpayments accounts | CC16a | |||
| For the period from |
1/1/2023 | To | 12/31/2023 |
| Section A Receipts and payments | ||||
|---|---|---|---|---|
| A1 Receipts CharityIncome for theyear 24 - - - - - - - 24 - - Sub total - Total receipts 24 A3 Payments CharityExpenses for theyear 1,902 - - - - - - - - Sub total 1,902 - - Sub total - Total payments 1,902 Net of receipts/(payments) - 1,878 A5 Transfers between funds - A6 Cash funds last year end - Cash funds this year end - 1,878 Unrestricted funds to the nearest £ Sub total(Gross income for AR) A2 Asset and investment sales, (see table). A4 Asset and investment purchases, (see table) |
to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Restricted funds |
to the nearest £ Endowment funds |
Total funds to the nearest £ 24 - - - - - - - 24 - - - 24 1,902 - - - - - - - - 1,902 - - - 1,902 - 1,878 - - - 1,878 |
Last year to the nearest £ |
| - - - - - - - - - |
24 | - | ||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| 24 | - | |||
| - - - |
- | |||
| - | - | |||
| - | - | |||
| - | 24 | - | ||
| - - - - - - - - - - |
1,902 | - | ||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| 1,902 | - | |||
| - - - |
- | |||
| - | ||||
| - | - | |||
| - | 1,902 | - | ||
| - | - - - - |
- 1,878 | - | |
| - | - | - | ||
| - | - | - | ||
| - | - 1,878 | - |
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use |
Details Bank Account Details Details Details Details Total cash funds (agree balances with receipts and payments account(s)) |
to nearest £ 2,878 - - 2,878 Agreement Error to nearest £ - - - - - - Unrestricted funds Unrestricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates |
to nearest £ - - - - OK to nearest £ - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - - - - - - Restricted funds Restricted funds Amount due (optional) |
to nearest £ Endowment funds |
|---|---|---|---|---|
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| OK | ||||
| to nearest £ Endowment funds |
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| Current value (optional) |
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| Current value (optional) |
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| When due (optional) |
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| - |
Signed by one or two trustees on behalf of all the trustees
Date of Signature Print Name approval