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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 2023

FOR

HAIR AND BEAUTY CHARITY

HAIR AND BEAUTY CHARITY






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




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 21

HAIR AND BEAUTY CHARITY (REGISTERED NUMBER: 10085412)

REPORT OF THE TRUSTEES
for the year ended 31 December 2023


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 2023. 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:
- Rendering assistance in cases of need by way of annuities and/or grants to past and present members of the hairdressing, barber and beauty industry, their spouses and/or children. Such awards are granted by the committee in accordance with the charity's rules;
- Granting relief in cases by way of grants to non-members connected with the hairdressing, barber and beauty industries of any nationality and resident in the UK.

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 £142,610 (2022 - £110,418) to a wide range of adults and children and aims to continue and where possible expand its grant programme in the next twelve months.


HAIR AND BEAUTY CHARITY (REGISTERED NUMBER: 10085412)

REPORT OF THE TRUSTEES
for the year ended 31 December 2023


ACHIEVEMENT AND PERFORMANCE
Fundraising activities
We are pleased to say that we managed to generate £105,444 from fundraising activities during the year.

Chairman's Statement
Thankfully, in 2023 many businesses and individuals managed to get back on their feet and the Charity was not having to help so many on a short-term basis, but we did notice a substantial increase in enquiries and requests from beauticians, and in February 2023 Susan Routledge & Sara Shoemark joined the committee representing the beauty industry.

The year started with Jayne Lewis-Orr and Hellen Ward going into their second year as President and Vice President respectively. However, at the end of the year the Trustees agreed on some Charity restructuring. It was decided to make the President and Vice President Roles permanent for continuity purposes, with Jayne and Hellen agreeing to remain in these roles for the foreseeable future.

I will remain as Chairman, and Lynn Hickey as Treasurer. Current Directors and Trustees will be asked to resign and re-stand for re-election as usual each year at the AGM.

Sponsor representation on the committee remains by invitation at Silver level. All current and new sponsors to be asked to nominate their representative for the sponsorship period.

Independent committee members will be asked annually to resign at year end, with effect from 31st December 2023 and put themselves forward for re-election for the following 12 months and these will be reviewed and voted on by the Trustees.

Individual bespoke ambassador roles to be created for those who have done extraordinary things for the Charity over the year and will be for 1 year.

Once again, our resolve was to organise and concentrate on events and with continued thanks to our President Jayne Lewis-Orr, our golf day was combined with that of the HBSA again which proved to be beneficial for both parties.

In April, we launched our first Spring party at a London nightclub and hope to make this an annual event.

In September, Victor Pajak again successfully hosted our annual bike ride, this time in Ibiza.

Our raffle continues to be ever more successful thanks to our President and Mark Moloney of the Professional Beauty Group allowing tickets to be sold at all of their award events and at their trade shows where great success was also achieved from selling donated, end-of-line products from many hair and beauty manufacturers.

We were fortunate again to receive £35,000 in donations from voluntary fundraisers including individuals, other hairdressing organisations, wholesalers, various salons and product companies.

Thankfully, because of our reserves interest and dividends received through COIFF/CCLA, we were able to continue to support our administration team without dipping into raised funds and donations. Our Charity Manager and Company Secretary Natalie Merola, along with our Beneficiaries Executive Sarah Hashim, continue to do a first-class job not only in administrative roles, but also at hair events.

In fact, in April Sarah Hashim won the 'My Saviour' Award at the Lions Barber Collective Pride Awards for giving 'way more than expected, ongoing care, compassion and kindness at a time when most needed'.

Lastly, but by no means least, I take this opportunity to thank our President Jayne Lewis-Orr and our Vice President Hellen Ward, all our valued Sponsors, Donors, Trustees and Committee members for their continued support, and our administration team, for their ongoing resolve and dedication.

HAIR AND BEAUTY CHARITY (REGISTERED NUMBER: 10085412)

REPORT OF THE TRUSTEES
for the year ended 31 December 2023


ACHIEVEMENT AND PERFORMANCE

Phillip Rogers, Chairman

Investment performance
Net profit on investment amounted to £220,028. Total investment income from listed investments was £74,291.

FINANCIAL REVIEW
Financial position
The financial results for the year to 31 December 2023 are shown in the attached financial statements.

Total income decreased from £288,857 to £267,058.

Total expenditure increased from £250,498 to £289,877.

There was a net increase in funds of £197,209 with total unrestricted funds carried forward of £2,689,560 (2022 - £2,492,351).

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.

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 2023 would be three months of resources expended which is about £62,625. 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 2023 were £74,642. 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 2023. 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.

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.

HAIR AND BEAUTY CHARITY (REGISTERED NUMBER: 10085412)

REPORT OF THE TRUSTEES
for the year ended 31 December 2023


STRUCTURE, GOVERNANCE AND MANAGEMENT
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.

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:
- an annual review of the risks the charity may face;
- the establishment of systems and procedures to mitigate those risks identified in the plan;
- the implementation of procedures designed to minimise any potential impact on the charity should those risks materialise.

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


HAIR AND BEAUTY CHARITY (REGISTERED NUMBER: 10085412)

REPORT OF THE TRUSTEES
for the year ended 31 December 2023

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

Fundraising Committee
Amy Woolner
David Drew
Emily Davis (Maternity leave 20.10.23)
Gaynor Hodge
Janine Jennings
Lorenzo Colangelo
Paul Brooks
Philip Sharp (Resigned 01.01.23)
Rachael Gibson (Resigned 18.04.23)
Richard Lambert (Resigned 31.09.23)
Robbie Atherton
Samantha Sweet
Sharon Brigden
Wendy Frame
Susan Routledge (Joined 08.02.23)
Sara Shoemark (Joined 08.02.23)
Fern Sayer - covering Emily Davis maternity leave (Joined 20.10.23)

Company Secretary
Mrs N Merola

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 20 August 2024 and signed on its behalf by:





R M Rogers - Trustee

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

I report on the accounts for the year ended 31 December 2023 set out on pages seven to twenty one.

Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. 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 I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement
In connection with my examination, no matter has come to my attention :

(1) which gives me reasonable cause to believe that, in any material respect, the requirements

- to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.








Mr Thurairatnam Sudarshan FCCA
The Institute of Chartered Accountants in England and Wales

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

20 August 2024

HAIR AND BEAUTY CHARITY

STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 December 2023

2023 2022
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 87,323 - 87,323 102,434

Fundraising 3 105,444 - 105,444 114,336
Investment income 4 74,291 - 74,291 72,087
Total 267,058 - 267,058 288,857

EXPENDITURE ON
Raising funds 5 32,389 - 32,389 34,702

Charitable activities 6
Charitable activities 257,488 - 257,488 215,796
Total 289,877 - 289,877 250,498

Net gains/(losses) on investments 220,028 - 220,028 (315,071 )

NET INCOME/(EXPENDITURE) 197,209 - 197,209 (276,712 )


RECONCILIATION OF FUNDS
Total funds brought forward 2,492,351 - 2,492,351 2,769,063

TOTAL FUNDS CARRIED FORWARD 2,689,560 - 2,689,560 2,492,351

CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.

HAIR AND BEAUTY CHARITY (REGISTERED NUMBER: 10085412)

BALANCE SHEET
31 December 2023

2023 2022
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 13 424 - 424 271
Investments 14 2,614,494 - 2,614,494 2,394,466
2,614,918 - 2,614,918 2,394,737

CURRENT ASSETS
Debtors 15 5,050 - 5,050 5,950
Cash at bank 83,610 - 83,610 105,282
88,660 - 88,660 111,232

CREDITORS
Amounts falling due within one year 16 (14,018 ) - (14,018 ) (13,618 )

NET CURRENT ASSETS 74,642 - 74,642 97,614

TOTAL ASSETS LESS CURRENT LIABILITIES 2,689,560 - 2,689,560 2,492,351

NET ASSETS 2,689,560 - 2,689,560 2,492,351
FUNDS 17
Unrestricted funds 2,689,560 2,492,351
TOTAL FUNDS 2,689,560 2,492,351

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

HAIR AND BEAUTY CHARITY (REGISTERED NUMBER: 10085412)

BALANCE SHEET - continued
31 December 2023


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 20 August 2024 and were signed on its behalf by:





R M Rogers - Trustee

HAIR AND BEAUTY CHARITY

CASH FLOW STATEMENT
for the year ended 31 December 2023

2023 2022
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 (95,597 ) (30,547 )
Net cash used in operating activities (95,597 ) (30,547 )

Cash flows from investing activities
Purchase of tangible fixed assets (366 ) -
Dividends received 74,291 72,087
Net cash provided by investing activities 73,925 72,087

Change in cash and cash equivalents in the
reporting period

(21,672

)

41,540
Cash and cash equivalents at the beginning of
the reporting period

105,282

63,742
Cash and cash equivalents at the end of the
reporting period

83,610

105,282

HAIR AND BEAUTY CHARITY

NOTES TO THE CASH FLOW STATEMENT
for the year ended 31 December 2023

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2023 2022
£    £   
Net income/(expenditure) for the reporting period (as per the Statement of
Financial Activities)

197,209

(276,712

)
Adjustments for:
Depreciation charges 212 135
(Gain)/losses on investments (220,028 ) 315,071
Dividends received (74,291 ) (72,087 )
Decrease/(increase) in debtors 900 (2,005 )
Increase in creditors 401 5,051
Net cash used in operations (95,597 ) (30,547 )


2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.23 Cash flow At 31.12.23
£    £    £   
Net cash
Cash at bank 105,282 (21,672 ) 83,610
105,282 (21,672 ) 83,610
Total 105,282 (21,672 ) 83,610

HAIR AND BEAUTY CHARITY

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

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 2023. 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.

With regard to the next accounting period, the year ending 31 December 2023, 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:

- the useful economic lives attributed to tangible fixed assets used to determine the annual depreciation charge.

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.


HAIR AND BEAUTY CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

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 - 33% on cost

Taxation
The company is considered to pass the tests set out in Sch. 6, para. 1 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Pt. 11, Ch. 3 of the Corporation Tax Act 2010 or s. 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

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

HAIR AND BEAUTY CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

1. ACCOUNTING POLICIES - continued

Cash at bank and in hand
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.

2. DONATIONS AND LEGACIES
2023 2022
£    £   
Donations 85,646 99,984
Gift aid 1,677 2,450
87,323 102,434

3. FUNDRAISING
2023 2022
£    £   
Bike ride 11,543 12,515
Golf day 10,489 7,900
Raffle tickets 11,513 13,415
Voluntary fundraising 47,436 52,292
Charity fundraising 14,072 11,258
Other income 10,391 16,956
105,444 114,336

4. INVESTMENT INCOME
2023 2022
£    £   
Investment income received 74,291 72,087


HAIR AND BEAUTY CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

5. RAISING FUNDS

Raising donations and legacies
2023 2022
£    £   
Bike rides 3,747 7,855
Raffle tickets (133 ) 3,350
Salons and beauty costs 5,569 4,030
Other fundraising costs 4,778 4,328
Advertising and marketing 12,000 11,650
Travelling 2,034 1,473
Golf Day Costs 4,394 2,016
32,389 34,702

6. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities Support
Direct (see note costs (see
Costs 7) note 8) Totals
£    £    £    £   
Charitable activities 90,557 142,610 24,321 257,488

7. GRANTS PAYABLE
2023 2022
£    £   
Charitable activities 142,610 110,418

The total grants paid to individuals during the year was as follows:
2023 2022
£    £   
Grants to individuals 142,610 110,418


HAIR AND BEAUTY CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

8. SUPPORT COSTS
Governance
Management Finance Other costs Totals
£    £    £    £    £   
Charitable activities 10,404 2,321 232 11,364 24,321

9. NET INCOME/(EXPENDITURE)

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

2023 2022
£    £   
Depreciation - owned assets 213 135
Other operating leases 6,000 6,000

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.


11. STAFF COSTS
2023 2022
£    £   
Wages and salaries 75,000 68,000
Social security costs 2,839 2,254
Other pension costs 2,718 1,993
80,557 72,247

The average monthly number of employees during the year was as follows:

2023 2022
Administration 2 2

No employees received emoluments in excess of £60,000.

The average number of employees during the year was 2.

HAIR AND BEAUTY CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 102,434 - 102,434

Fundraising 114,336 - 114,336
Investment income 72,087 - 72,087
Total 288,857 - 288,857

EXPENDITURE ON
Raising funds 34,702 - 34,702

Charitable activities
Charitable activities 215,796 - 215,796
Total 250,498 - 250,498

Net gains/(losses) on investments (315,071 ) - (315,071 )

NET INCOME/(EXPENDITURE) (276,712 ) - (276,712 )


RECONCILIATION OF FUNDS
Total funds brought forward 2,769,063 - 2,769,063

TOTAL FUNDS CARRIED FORWARD 2,492,351 - 2,492,351


HAIR AND BEAUTY CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

13. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 2,233 1,333 3,566
Additions - 366 366
At 31 December 2023 2,233 1,699 3,932
DEPRECIATION
At 1 January 2023 2,233 1,062 3,295
Charge for year - 213 213
At 31 December 2023 2,233 1,275 3,508
NET BOOK VALUE
At 31 December 2023 - 424 424
At 31 December 2022 - 271 271

14. FIXED ASSET INVESTMENTS
Listed
investments
£   
MARKET VALUE
At 1 January 2023 2,394,466
Revaluation 220,028
At 31 December 2023 2,614,494
NET BOOK VALUE
At 31 December 2023 2,614,494
At 31 December 2022 2,394,466

There were no investment assets outside the UK.


HAIR AND BEAUTY CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,750 4,500
Other debtors 1,300 1,450
5,050 5,950

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 6,368 5,968
Accrued expenses 7,650 7,650
14,018 13,618

17. MOVEMENT IN FUNDS
Net
movement At
At 1.1.23 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 2,492,351 197,209 2,689,560

TOTAL FUNDS 2,492,351 197,209 2,689,560

Net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 267,058 (289,877 ) 220,028 197,209

TOTAL FUNDS 267,058 (289,877 ) 220,028 197,209


HAIR AND BEAUTY CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

17. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.1.22 in funds 31.12.22
£    £    £   
Unrestricted funds
General fund 2,769,063 (276,712 ) 2,492,351

TOTAL FUNDS 2,769,063 (276,712 ) 2,492,351

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

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 288,857 (250,498 ) (315,071 ) (276,712 )

TOTAL FUNDS 288,857 (250,498 ) (315,071 ) (276,712 )

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 previous year, it was decided that the restricted 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 2023.


HAIR AND BEAUTY CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

19. INDEPENDENT EXAMINERS FEES

The Independent Examiners fees for the period were £5,364.