**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 2025**
## **FOR**
## **HAIRCUTS4HOMELESS LIMITED**
A R Wenden FCCA Elliott, Mortlock, Busby & Co Limited 12 High Street Stanford le Hope Essex SS17 0EY
**HAIRCUTS4HOMELESS LIMITED**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025**
|||**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|12|
|**Detailed Statement of Financial Activities**||13||
## **HAIRCUTS4HOMELESS LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2025**
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 2025. 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).
## **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 who have made a considerable impact within 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 above and beyond in supporting our social enterprise. In addition we also continue to benefit greatly from our partnerships with a number of leading industry organisations including L'Oreal, Zenoti, Beauty Papers, Green Salon Collective and Revlon.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
Our charitable objectives can be summarised into our main aims:
Homeless people face many challenges, a prominent one being low self-esteem. Receiving a haircut free of charge can have a great effect on someone, giving them confidence when interacting with people as well as giving them a boost when facing the prospect of job interviews.
## **Significant activities**
We have continued to grow our presence across the UK and have opened a number of new hubs enabling us to provide more haircuts through greater accessibility. Further more hair professionals have been recruited to support the work we do. We have continued to support industry at events and with collaborations.
We have secured some new patrons and supporters from businesses across the UK and have participated in events such as Colour World which has increased our visibility as well as donations received.
Another first was participating in a charity day for the homeless organised by West Ham United Foundation which we are hoping will raise our profile in East London. We are optimistic that we can establish an strong ongoing working relationship with them.
## **Public benefit**
Hairdressers have known empathy and are great communicators offering their time to support and engage with our service users, not just a giving them a haircut.
Homeless people now have a first-class access to hair and grooming facility to enable them to access jobs and social inclusion.
One of the largest benefits to the public at large is we have created a hub for interaction and volunteering which is helping to reduce loneliness and social isolation.
## **Volunteers**
We are entirely volunteer led and our volunteers have donated over 16,000 hours of their time across the year.
## **FINANCIAL REVIEW**
## **Principal funding sources**
The principal funding sources for the charity are currently by way of corporate sponsorship. Income has been generated social media fund raising.
We are fortunate to have a number of sponsors who supported us during the year.
Page 1
**HAIRCUTS4HOMELESS LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2025**
## **FINANCIAL REVIEW**
## **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 £13,839.
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, along with grant and bid applications.
In December 2025 we were rewarded with a grant of £19,200 from the National Lottery.
Finally, during the year we managed to secure four London Marathon places for the next four years; which we hope will generate significant donations which can be used to support this continued growth.
## **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 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 where skilled hairdressers will provide haircuts free of charge to homeless people.
## **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
## **Registered office**
53 Ernest Road Hornchurch United Kingdom RM11 3JN
## **Trustees**
A Perera Ms M Kendall MBE Mrs N Pope
## **Independent Examiner**
A R Wenden FCCA Elliott, Mortlock, Busby & Co Limited 12 High Street Stanford le Hope Essex SS17 0EY
Page 2
**HAIRCUTS4HOMELESS LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 NOVEMBER 2025**
Approved by order of the board of trustees on 16 March 2026 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 2025.
## **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
3. 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
4. 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.
Anthony Wenden
The Association of Chartered Certified Accountants
A R Wenden FCCA Elliott, Mortlock, Busby & Co Limited 12 High Street Stanford le Hope Essex SS17 0EY
14 April 2026
Page 4
## **HAIRCUTS4HOMELESS LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 NOVEMBER 2025**
|Unrestricted
Restricted
fund
funds
Notes
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**83,626**
**-**
**EXPENDITURE ON**
**Raising funds**
Raising donations, legacies and sponsorship
**71**
**-**
**71**
**-**
**Charitable activities**
Activities
**83,853**
**-**
Other
**2,029**
**-**
**Total**
**85,953**
**-**
**NET INCOME/(EXPENDITURE)**
**(2,327)**
**-**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**16,166**
**-**
**TOTAL FUNDS CARRIED FORWARD**
**13,839**
**-**|**2025**
**Total**
**funds**
**£**
**83,626**
**71**
**71**
**83,853**
**2,029**
**85,953**
**(2,327)**
**16,166**
**13,839**|2024
Total
funds
£
97,149|
|---|---|---|
|||1,136|
|||1,136
90,747
3,017|
|||94,900|
|||2,249
13,917|
|||16,166|
The notes form part of these financial statements
Page 5
## **HAIRCUTS4HOMELESS LIMITED**
## **BALANCE SHEET 30 NOVEMBER 2025**
|Unrestricted
Restricted
fund
funds
Notes
£
£
**FIXED ASSETS**
Tangible assets
7
**4,513**
**-**
**CURRENT ASSETS**
Debtors
8
**3,754**
**-**
Cash at bank
**12,071**
**-**
**15,825**
**-**
**CREDITORS**
Amounts falling due within one year
9
**(6,499)**
**-**
**NET CURRENT ASSETS**
**9,326**
**-**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**13,839**
**-**
**CREDITORS**
Amounts falling due after more than one year
**-**
**-**
**NET ASSETS**
**13,839**
**-**
**FUNDS**
11
Unrestricted funds
**TOTAL FUNDS**|**2025**
**Total**
**funds**
**£**
**4,513**
**3,754**
**12,071**
**15,825**
**(6,499)**
**9,326**
**13,839**
**-**
**13,839**
**13,839**
**13,839**|2024
Total
funds
£
6,542
1,756
16,418
18,174
(4,550)
13,624
20,166
(4,000)
16,166
16,166
16,166|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 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 2025**
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 16 March 2026 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 2025**
## **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.
## **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.
## **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.
continued...
Page 8
**HAIRCUTS4HOMELESS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2025**
## **3. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||**2025**|2024|
|---|---|---|
||**£**|£|
|Depreciation - owned assets|**2,029**|3,017|
|Other operating leases|**2,067**|1,916|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30 November 2025 nor for the year ended 30 November 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30 November 2025 nor for the year ended 30 November 2024.
## **5. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Management and administration
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
97,149
**EXPENDITURE ON**
**Raising funds**
Raising donations, legacies and sponsorship
1,136
1,136
**Charitable activities**
Activities
90,747
Other
3,017
**Total**
94,900
**NET INCOME**
2,249
**RECONCILIATION OF FUNDS**
Total funds brought forward
13,917|**2025**
**2**
Restricted
funds
£
-
-
-
-
-
-
-
-|2024
2
Total
funds
£
97,149
1,136
1,136
90,747
3,017
94,900
2,249
13,917|2024
2
Total
funds
£
97,149
1,136
1,136
90,747
3,017
94,900
2,249
13,917|
|---|---|---|---|
|||||
||||1,136|
||||1,136
90,747
3,017|
||||94,900|
||||2,249
13,917|
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
continued...
Page 9
**HAIRCUTS4HOMELESS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2025**
|**6.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
fund
funds
£
£
**TOTAL FUNDS CARRIED FORWARD**
16,166
-
**7.**
**TANGIBLE FIXED ASSETS**
Computer
Motor
& office
vehicles
equipment
£
£
**COST**
At 1 December 2024 and 30 November 2025
**16,529**
**5,769**
**DEPRECIATION**
At 1 December 2024
**11,299**
**4,457**
Charge for year
**1,307**
**722**
At 30 November 2025
**12,606**
**5,179**
**NET BOOK VALUE**
At 30 November 2025
**3,923**
**590**
At 30 November 2024
5,230
1,312
**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2025**
**£**
Prepayments
**3,754**
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2025**
**£**
Bank loans and overdrafts (see note 10)
**4,000**
Social security and other taxes
**-**
Other creditors
**2,499**
**6,499**|Total
funds
£
16,166
Totals
£
**22,298**
**15,756**
**2,029**
**17,785**
**4,513**
6,542
2024
£
1,756
2024
£
4,000
1
549
4,550|Total
funds
£|
|---|---|---|
|||16,166|
||||
||||
||||
continued...
Page 10
**HAIRCUTS4HOMELESS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2025**
## **10. LOANS**
An analysis of the maturity of loans is given below:
|Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years|**2025**
**£**
**4,000**
**-**|2024
£
4,000|
|---|---|---|
|||4,000|
**11. MOVEMENT IN FUNDS**
|**MOVEMENT IN FUNDS**||||
|---|---|---|---|
|||Net||
||At|movement|At|
||1.12.24|in funds|30.11.25|
||£|£|£|
|**Unrestricted funds**||||
|General fund|**16,166**|**(2,327)**|**13,839**|
|**TOTAL FUNDS**|**16,166**|**(2,327)**|**13,839**|
|Net movement in funds, included in the above are as follows:||||
||Incoming|Resources|Movement|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|**83,626**|**(85,953)**|**(2,327)**|
|**TOTAL FUNDS**|**83,626**|**(85,953)**|**(2,327)**|
|**Comparatives for movement in funds**||||
|||Net||
||At|movement|At|
||1.12.23|in funds|30.11.24|
||£|£|£|
|**Unrestricted fund**|13,917|2,249|16,166|
|**TOTAL FUNDS**|13,917|2,249|16,166|
continued...
Page 11
**HAIRCUTS4HOMELESS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 NOVEMBER 2025**
## **11. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted fund**|97,149|(94,900)|2,249|
|**TOTAL FUNDS**|97,149|(94,900)|2,249|
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 30 November 2025.
## **13. ULTIMATE CONTROLLING PARTY**
There is no ultimate controlling party.
Page 12
## **HAIRCUTS4HOMELESS LIMITED**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 NOVEMBER 2025**
||||2025|2024|
|---|---|---|---|---|
||Unrestricted|Restricted|Total|Total|
||funds|funds|funds|funds|
||£|£|£|£|
|**INCOME AND ENDOWMENTS**|||||
|**Donations and legacies**|||||
|Donations|**26,387**|**-**|**26,387**|26,453|
|Sponsorships|**57,239**|**-**|**57,239**|70,696|
||**83,626**|**-**|**83,626**|97,149|
|**Total incoming resources**|**83,626**|**-**|**83,626**|97,149|
|**EXPENDITURE**|||||
|**Raising donations, legacies and sponsorship**|||||
|Fundraising expenses|**71**|**-**|**71**|1,136|
|**Charitable activities**|||||
|General project expenses|**4,915**|**-**|**4,915**|5,255|
|Travel and accommodation|**8,721**|**-**|**8,721**|14,900|
||**13,636**|**-**|**13,636**|20,155|
|**Other**|||||
|Depreciation of tangible fixed assets|**2,029**|**-**|**2,029**|3,017|
|**Support costs**|||||
|**Management**|||||
|Wages|**61,923**|**-**|**61,923**|62,360|
|Pensions|**1,454**|**-**|**1,454**|1,467|
|Storage|**2,067**|**-**|**2,067**|1,916|
|Insurance|**841**|**-**|**841**|898|
|Telephone & communications|**294**|**-**|**294**|499|
|Postage and stationery|**656**|**-**|**656**|493|
|Advertising and marketing|**2,005**|**-**|**2,005**|1,657|
|Sundries|**822**|**-**|**822**|1,047|
||**70,062**|**-**|**70,062**|70,337|
|**Finance**|||||
|Bank charges|**1**|**-**|**1**|1|
|Bank loan interest|**154**|**-**|**154**|254|
||**155**|**-**|**155**|255|
|Total resources expended|**85,953**|**-**|**85,953**|94,900|
|**Net income**|**(2,327)**|**-**|**(2,327)**|2,249|
This page does not form part of the statutory financial statements
Page 13