REGISTERED COMPANY NUMBER: 11656625 (England and Wales) REGISTERED CHARITY NUMBER: 1182870
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021
FOR
HAIRCUTS4HOMELESS LIMITED
Lewis Curtis Ltd 10 Durham Avenue Gidea Park Romford RM2 6JS
HAIRCUTS4HOMELESS LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | to | 7 |
| Notes to the Financial Statements | 8 | to | 13 |
| Detailed Statement of Financial Activities | 14 |
HAIRCUTS4HOMELESS LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 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 30 November 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Our charitable objectives can be summarised into our main aims:
Homeless people have many challenges to face, one being low self-esteem by being able to provide a haircut free of charge can have a great effect on someone, giving them confidence to face the prospect of job interviews and interaction with people.
Significant activities
In December 2020 we were closed down because of covid until April 2021. We then set about restarting our projects across the Uk. This was a slow process as we had to personally attend to make sure all covid health and safety procedures were adhered to. We then spent the rest of the time up until November 2021 reopening our projects and supporting them with supplies and encouragement.
Hear Me, See Me Book
Jack Eames is a professional photographer and started coming to capture images of our work back in 2019. It was sometime in 2020 we decided to make a high quality art table book of the images to raise money for homeless. We started planning it in 2021 and in October we did a four week crowdfunder with the aim of raising £20,000 to fund the printing of 1,000 copies.
It was hard work but we managed to exceed our target and the book, titled Hear Me, See Me, was printed in December 2021.
We had a book launch this year which was a great success.
This means that as we raised the money to produce the book, every copy sold brings 100% into Haircuts4Homeless.
Public benefit
Hairdressers have known empathy and are great communicators offering their time and willingness to help the homeless people.
Homeless people now have a first-class access to Hair and grooming facility to enable them to access jobs and social inclusion.
We have created a hub for interaction and volunteering reducing loneliness and social isolation.
Grantmaking
We have facilitated specific nominated collections for poor and vulnerable people in the community.
Volunteers
We are entirely volunteer led, with over 21,000 hours per year contributed directly from local/national people.
Page 1
HAIRCUTS4HOMELESS LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2021
OBJECTIVES AND ACTIVITIES
Chairperson's Statement
I would like to begin by thanking the many volunteers and staff who make the work on the Haircuts4homeless project a success and to have created an impact in the wider community. I would also like to thank my fellow Trustees for their dedication and support in the important role of governance and leadership.
We have seen significant growth of the projects in the past 12 months and are seeing a demonstrable impact upon the health and wellbeing of individuals in the United Kingdom and the community as a whole.
We enjoy continued support from the community, especially small local businesses who consistently go over and above in supporting our Social Enterprise.
We benefit greatly from healthy partnerships with the public sector including L'Oreal, Zenoti, Beauty Papers, Wahl UK, Hair Tools and the National Lottery.
Covid 19 has decimated so many of our projects but now begins the work of rebuilding and making the charity stronger than
FINANCIAL REVIEW
Principal funding sources
The principal funding sources for the charity are currently by way of lottery grant, sponsorships and donations. Income has been generated from a lottery development grant, lottery community fund grant and social media fund raising.
We are fortunate to have two strong sponsorships with L'Oreal and Zenoti who donate £25,000 and $25,000 respectively.
Reserves policy
The charity needs to hold a level of reserves in order to plan adequately for the future development. The freely available reserves stand at £40,975
The charity reserves have remained consistent with last year, the board and management are continuing to work to increase the reserves and secure future funding.
FUTURE PLANS
The board and management team are working to secure future corporate funding, a long with grant and bid applications.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The Charities Articles of Association:
1.For the relief of financial hardship to the homeless by establishing sites throughout the United Kingdom
(a) Where skilled hairdressers will provide haircuts free of charge to homeless people
(b) Establishing pop up Hairdresser academies where homeless people will be taught basic hairdressing skills.
Recruitment and appointment of new trustees
At the annual general meeting we are obliged to present a report and accounts for the preceding year and to elect or appoint Trustees to the Management Committee
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
11656625 (England and Wales)
Registered Charity number
1182870
Page 2
HAIRCUTS4HOMELESS LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2021
Registered office
53 Ernest Road Hornchurch United Kingdom RM11 3JN
Trustees
Mrs D Noakes Chair (resigned 15.10.21) A R Wenden FCCA (resigned 26.5.21) Miss Z Wenden FCCA (resigned 26.5.21) A Reed (appointed 26.5.21) A Perera (appointed 26.5.21) Ms M Kendall MBE (appointed 3.11.21)
Independent Examiner
Lewis Curtis Ltd 10 Durham Avenue Gidea Park Romford RM2 6JS
Approved by order of the board of trustees on 25 August 2022 and signed on its behalf by:
Ms M Kendall - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HAIRCUTS4HOMELESS LIMITED
Independent examiner's report to the trustees of Haircuts4homeless Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 November 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:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
Lewis Curtis Ltd FCA Lewis Curtis Ltd 10 Durham Avenue Gidea Park Romford RM2 6JS
Date: .............................................��������������
Page 4
HAIRCUTS4HOMELESS LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 NOVEMBER 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 11,273 Other trading activities 3 43,581 Total 54,854 EXPENDITURE ON Raising funds Raising donations and legacies - - Charitable activities Activities 50,118 Other 4,852 Total 54,970 NET INCOME/(EXPENDITURE) (116) Transfers between funds 13 844 Net movement in funds 728 RECONCILIATION OF FUNDS Total funds brought forward 40,246 TOTAL FUNDS CARRIED FORWARD 40,974 |
Restricted funds £ 22,050 - 22,050 718 718 30,186 - 30,904 (8,854) (844) (9,698) 28,121 18,423 |
2021 Total funds £ 33,323 43,581 76,904 718 718 80,304 4,852 85,874 (8,970) - (8,970) 68,367 59,397 |
2020 Total funds £ 95,841 39,114 |
|---|---|---|---|
| 134,955 - |
|||
| - 69,753 366 |
|||
| 70,119 | |||
| 64,836 - |
|||
| 64,836 3,531 |
|||
| 68,367 |
The notes form part of these financial statements
Page 5
HAIRCUTS4HOMELESS LIMITED
BALANCE SHEET 30 NOVEMBER 2021
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 14,554 CURRENT ASSETS Debtors 9 4,160 Cash at bank 42,406 46,566 CREDITORS Amounts falling due within one year 10 (4,145) NET CURRENT ASSETS 42,421 TOTAL ASSETS LESS CURRENT LIABILITIES 56,975 CREDITORS Amounts falling due after more than one year 11 (16,000) NET ASSETS 40,975 FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 844 (446) 18,513 18,067 (489) 17,578 18,422 - 18,422 |
2021 Total funds £ 15,398 3,714 60,919 64,633 (4,634) 59,999 75,397 (16,000) 59,397 40,975 18,422 59,397 |
2020 Total funds £ 18,307 2,474 68,218 70,692 (632) 70,060 88,367 (20,000) 68,367 40,246 28,121 68,367 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 6
continued...
HAIRCUTS4HOMELESS LIMITED
BALANCE SHEET - continued 30 NOVEMBER 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 25 August 2022 and were signed on its behalf by:
M Kendall - Trustee
The notes form part of these financial statements
Page 7
HAIRCUTS4HOMELESS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021
1. STATUTORY INFORMATION
Haircuts4homeless Limited is a private company, limited by guarantee, registered in England and Wales. The company's registered number, charity number and registered office address can be found on the Company Information page.
2. 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.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
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.
Governance costs
| Governance costs | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Independent examiners fees | 200 | 200 |
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance Computer & office equipment - 25% straight line basis
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.
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.
continued...
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HAIRCUTS4HOMELESS LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2021
3. OTHER TRADING ACTIVITIES
4.
| Sponsorships NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
2021 £ 43,581 2021 £ 4,852 |
2020 £ 39,114 |
|---|---|---|
| 2020 £ 166 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 November 2021 nor for the year ended 30 November 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 November 2021 nor for the year ended 30 November 2020.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
7.
| Employees No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 29,841 Other trading activities 39,114 Total 68,955 EXPENDITURE ON Charitable activities Activities 31,874 Other 366 Total 32,240 NET INCOME 36,715 |
2021 2 Restricted funds £ 66,000 - 66,000 37,879 - 37,879 28,121 |
2020 2 Total funds £ 95,841 39,114 |
|---|---|---|
| 134,955 69,753 366 |
||
| 70,119 | ||
| 64,836 |
continued...
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HAIRCUTS4HOMELESS LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2021
| 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund funds £ £ RECONCILIATION OF FUNDS Total funds brought forward 3,531 - TOTAL FUNDS CARRIED FORWARD 40,246 28,121 8. TANGIBLE FIXED ASSETS Computer Motor & office vehicles equipment £ £ COST At 1 December 2020 16,529 1,944 Additions - 1,943 At 30 November 2021 16,529 3,887 DEPRECIATION At 1 December 2020 - 166 Charge for year 4,132 720 At 30 November 2021 4,132 886 NET BOOK VALUE At 30 November 2021 12,397 3,001 At 30 November 2020 16,529 1,778 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 £ Other debtors 2,393 Prepayments 1,321 3,714 |
Total funds £ 3,531 |
|---|---|
| 68,367 | |
| Totals £ 18,473 1,943 20,416 166 4,852 5,018 15,398 18,307 2020 £ 207 2,267 2,474 |
|
continued...
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HAIRCUTS4HOMELESS LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2021
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Bank loans and overdrafts (see note 12) | 4,000 | - | ||||
| Other creditors | 234 | 432 | ||||
| Accrued expenses | 400 | 200 | ||||
| 4,634 | 632 | |||||
| 11. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE | THAN ONE YEAR | ||||
| 2021 | 2020 | |||||
| £ | £ | |||||
| Bank loans (see note 12) | 16,000 | 20,000 | ||||
| 12. | LOANS | |||||
| An analysis of the maturity of loans is given below: | ||||||
| 2021 | 2020 | |||||
| £ | £ | |||||
| Amounts falling due within one year on demand: | ||||||
| Bank loans | 4,000 | - | ||||
| Amounts falling between one and two years: | ||||||
| Bank loans - 1-2 years | 4,000 | 4,000 | ||||
| Amounts falling due between two and five years: | ||||||
| Bank loans - 2-5 years | 12,000 | 12,000 | ||||
| Amounts falling due in more than five years: | ||||||
| Repayable by instalments: | ||||||
| Bank loans more 5 yr by instal | - | 4,000 | ||||
| 13. | MOVEMENT IN FUNDS | |||||
| Net | Transfers | |||||
| At | movement | between | At | |||
| 1.12.20 | in funds | funds | 30.11.21 | |||
| £ | £ | £ | £ | |||
| Unrestricted funds | ||||||
| General fund | 40,246 | (115) | 844 | 40,975 | ||
| Restricted funds | ||||||
| National Lottery Community Fund | 28,121 | (27,277) | (844) | - | ||
| Hear Me See Me Book Funding | - | 18,422 | - | 18,422 | ||
| 28,121 | (8,855) | (844) | 18,422 | |||
| TOTAL FUNDS | 68,367 | (8,970) | - | 59,397 |
continued...
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HAIRCUTS4HOMELESS LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2021
13. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 54,854 | (54,969) | (115) |
| Restricted funds | |||
| National Lottery Community Fund | 1 | (27,278) | (27,277) |
| Hear Me See Me Book Funding | 22,049 | (3,627) | 18,422 |
| 22,050 | (30,905) | (8,855) | |
| TOTAL FUNDS | 76,904 | (85,874) | (8,970) |
Comparatives for movement in funds
| At 1.12.19 £ Unrestricted funds General fund 3,531 Restricted funds National Lottery Community Fund - TOTAL FUNDS 3,531 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 68,955 Restricted funds National Lottery Development Grant 25,000 National Lottery Community Fund 41,000 66,000 TOTAL FUNDS 134,955 |
Net movement At in funds 30.11.20 £ £ 36,715 40,246 28,121 28,121 64,836 68,367 Resources Movement expended in funds £ £ (32,240) 36,715 (25,000) - (12,879) 28,121 (37,879) 28,121 (70,119) 64,836 |
|---|---|
continued...
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HAIRCUTS4HOMELESS LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2021
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 November 2021.
15. ULTIMATE CONTROLLING PARTY
There is no ultimate controlling party.
Page 13
HAIRCUTS4HOMELESS LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2021
| Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS Donations and legacies Donations 11,273 22,050 Grants - - 11,273 22,050 Other trading activities Sponsorships 43,581 - Total incoming resources 54,854 22,050 EXPENDITURE Raising donations and legacies Fundraising expenses - 718 Charitable activities General project expenses 2,739 6,827 Travel and accommodation 6,073 520 8,812 7,347 Other Depreciation of tangible fixed assets 4,852 - Support costs Management Wages 33,538 18,081 Pensions 1,198 - Insurance 422 420 Telephone & communications 534 819 Postage and stationery (123) 710 Advertising and marketing 2,902 2,810 Sundries 1,139 - Equipment renewals & repairs 1,495 - 41,105 22,840 Governance costs Independent examination fee 200 - Total resources expended 54,969 30,905 Net income (115) (8,855) |
2021 Total funds £ 33,323 - 33,323 43,581 76,904 718 9,566 6,593 16,159 4,852 51,619 1,198 842 1,353 587 5,712 1,139 1,495 63,945 200 85,874 (8,970) |
2020 Total funds £ 17,221 78,620 |
|---|---|---|
| 95,841 39,114 |
||
| 134,955 - 8,723 4,905 |
||
| 13,628 166 49,382 1,072 958 1,634 688 1,649 742 - |
||
| 56,125 200 |
||
| 70,119 | ||
| 64,836 |
This page does not form part of the statutory financial statements
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