I would make this one much shorter and very clear, especially because this is what people will want to know before paying:
Cancellation Policy
Workshop and experience bookings are non-refundable due to limited capacity and the preparation involved.
Transfers
If you can no longer attend:
If you transfer your booking to another person, please inform Cake Atelier Copenhagen in advance and provide the new participant's name and contact details.
If Cake Atelier cancels
If Cake Atelier Copenhagen cancels or reschedules an experience, you will be offered either a full refund or a transfer to a new date.