REGISTERED COMPANY NUMBER: 11863023 (England and Wales)

REGISTERED CHARITY NUMBER: 1189731

Report of the Trustees and

Unaudited Financial Statements

for the Period 1 September 2024 to 29 August 2025

for

The Hair Project

Page

Report of the Trustees

1

to

2

Statement of Financial Activities

3

Balance Sheet

4

Notes to the Financial Statements

5

to

7

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 period 1 September 2024 to 29 August 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).

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The Charity continued its work in India of providing hair dressing training to severely disadvantaged and

trafficked women.

FINANCIAL REVIEW

Financial position

During the financial period, the charity generated a surplus of £5,803 (2024 - deficit of £14,381).

Reserves policy

Due to the nature of the charity, being purely for grant giving purposes, there is no formal reserves policy held. At

the Year End the charity holds surplus funds of £3,790 (2024: deficit funds of £2,013). The trustees deem this

to be an appropriate level of funds to be holding at the year end.

Going concern

The Charity has minimal fixed costs, along with a healthy cash balance at the year end. The Trustees therefore

consider that based on the circumstances existing at the date of signature of the accounts the charity is able to

continue as a going concern

FUTURE PLANS

The charity hopes to continue to receive donations and make grants to other bodies for charitable purposes for

the foreseeable future.

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.

Charity constitution

The Hair Project is registered as a charitable company limited by guarantee and was set up by a Memorandum

of Association. The charity was registered with the Charity Commission on 01 June 2020 with charity number

1189731.

Recruitment and appointment of new trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the

terms of the Memorandum of Association. New trustees are recommended by current trustees of the charity

when a vacancy is open on the board. The trustees will then assess the skills and suitability of a potential trustee

before voting them onto the board.

Induction and training of new trustees

All new Trustees receive specialist training to the role that they hold, provided by existing trustees. New trustees

are encouraged to review the most recent financial statements to familiarise themselves with the day to day

running of the charity.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

11863023 (England and Wales)

Registered Charity number

1189731

Registered office

141 Englishcombe Lane

Bath

BA2 2EL

Trustees

Z S Fennell Director

A Jacob Surgeon

G P Robbins Company Director

Mrs R E Robbins Company Director

Company Secretary

Approved by order of the board of trustees on 27 April 2026 and signed on its behalf by:

G P Robbins - Trustee

Period

1.9.24

to

Year Ended

29.8.25

31.8.24

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

13,849

16,743

EXPENDITURE ON

Charitable activities

Oasis international

8,046

31,124

NET INCOME/(EXPENDITURE)

5,803

(14,381

)

RECONCILIATION OF FUNDS

Total funds brought forward

(2,013

)

12,368

TOTAL FUNDS CARRIED FORWARD

3,790

(2,013

)

29.8.25

31.8.24

Unrestricted

Total

fund

funds

Notes

£

£

CURRENT ASSETS

Cash at bank

3,790

7,332

CREDITORS

Amounts falling due within one year

4

-

(9,345

)

NET CURRENT ASSETS/(LIABILITIES)

3,790

(2,013

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,790

(2,013

)

NET ASSETS/(LIABILITIES)

3,790

(2,013

)

FUNDS

5

Unrestricted funds

3,790

(2,013

)

TOTAL FUNDS

3,790

(2,013

)

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 August 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 August 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.

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 27 April 2026 and were signed on its behalf by:

G P Robbins - Trustee

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.

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.

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.

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.

2.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 29 August 2025 nor for the year ended 31 August 2024.

Trustees' expenses

There were no trustees' expenses paid for the period ended 29 August 2025 nor for the year ended 31 August 2024.

3.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

16,743

EXPENDITURE ON

Charitable activities

Oasis international

31,124

NET INCOME/(EXPENDITURE)

(14,381

)

RECONCILIATION OF FUNDS

Total funds brought forward

12,368

TOTAL FUNDS CARRIED FORWARD

(2,013

)

4.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.8.25

31.8.24

£

£

Accrued expenses

-

9,345

5.	MOVEMENT IN FUNDS

Net

movement

At

At 1.9.24

in funds

29.8.25

£

£

£

Unrestricted funds

General fund

(2,013

)

5,803

3,790

TOTAL FUNDS

(2,013

)

5,803

3,790

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

13,849

(8,046

)

5,803

TOTAL FUNDS

13,849

(8,046

)

5,803

Comparatives for movement in funds

Net

movement

At

At 1.9.23

in funds

31.8.24

£

£

£

Unrestricted funds

General fund

12,368

(14,381

)

(2,013

)

TOTAL FUNDS

12,368

(14,381

)

(2,013

)

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

16,743

(31,124

)

(14,381

)

TOTAL FUNDS

16,743

(31,124

)

(14,381

)

6.	RELATED PARTY DISCLOSURES

Donations totalling £9,345 (2024 - £8,500), excluding Gift Aid, were received from the Trustees during the

period.

During the year, the charity paid £2,385 (2024: £2,385) to Z Fennell, a director and trustee, for the

provision of training to the beneficiaries on behalf of the charity.