2020-10-31-accounts

THE SECOND CHANCE SOCIETY

EXECUTIVE COMMITTEE'S REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31ST OCTOBER 2020

Charity Registration No. 1002511

THE SECOND CHANCE SOCIETY

CHARITY INFORMATION

Executive Committee

Appointment of Executive Committee

Registered Charity Number

Governing Instrument

Business Address

Accountants

Bankers

Anthony Long (Chairman) Yvonne Milne (Hon Treasurer) Catherine Gooden (Hon Secretary) Wendi Thornton Karen Milne Marcus Harrop Samantha Harrop

The executive committee is appointed at the annual General Meeting. One third of the committeee is required to stand for re-election at each Annual General Meeting.

1002511

Constitution adopted 11th March 1991, amended on 12th December, 2001.

4 Mansbridge Cottages Mansbridge Road Mansbridge Southampton

Power Account Limited 8c High Street Southampton SO14 2DH

Lloyds TSB 77 Shirley High St Southampton SO15 3TX

THE SECOND CHANCE SOCIETY

CONTENTS

	Page
EXECUTIVE COMMITTEE'S REPORT	1
INDEPENDENT EXAMINER'S REPORT	2
STATEMENT OF FINANCIAL ACTIVITIES	3
BALANCE SHEET	4
NOTES TO THE ACCOUNTS	5 to 9

THE SECOND CHANCE SOCIETY

EXECUTIVE COMMITTEE'S REPORT FOR THE YEAR ENDED 31ST OCTOBER, 2020

The Executive Committee present their report, together with the accounts for the year ended 31st October, 2020

The Executive Committee present their report, together with the recommendations of Statement of Recommended Practice - Accounting by Charities and comply with the requirements of the charity's trust deed.

Objects of the charity

To provide and maintain a shelter for homeless or unwanted animals.

Operational policies

The executive committee have appointed a coordinator to run the shelter.

Review of the development and achievement of the charity

The charity continued to pursue its general objectives during the year. No exceptional events occurred and the executive committee is satisfied with the charity's progress.

Results for the financial year

The income for the year amounted to £404,343 (2019 £165,833). Expenses incurred in managing and administering the charity were £37,483 (2019 £46,901). Costs in furtherance of the charity's objectives amounted to £111,504(2019 £108,469).

Review of the activities and future plans

During the year the charity continued to provide a home for unwanted animals.

Reserves policy

It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to approximately 12 months unrestricted expenditure. This provides sufficient funds to cover management and administration and support costs.

Risk Management

The executive committee have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established which enables the necessary steps to be taken to lessen these risks.

On behalf of the executive committee :

………………………………………… Anthony Long (Chairman)

Dated…………………………

THE SECOND CHANCE SOCIETY

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SECOND CHANCE SOCIETY

I report on the accounts of the charity for the year ended 31st October, 2020 which are set out on paged 3 to 9.

Respective responsibilities of trustees and examiner.

As the charity's executive committee you are responsible for the preparation of the accounts. You consider that the audit requirement of section 43(2) of the Charities Act, 1999 (The Act) does not apply. It is my responsibility to state, on the baises of procedures specified in the General Directions given by the Charities Commission under section 43(7).

Basis of independent examiners report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 the management committee concerning such matters. The propcedures undertaken do not provide all the evidence that would be required in an audit and consequently do not express an audit opinion on the view given by the accounts

Independent examiners 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 a) to keep accounting records in accordance with section 41 of the Act: and

b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act, 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.

Power Accountax

8c High Street Southampton Hampshire SO14 2DH

SECOND CHANCE SOCIETY

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31ST OCTOBER 2020

Notes Incoming Resources Donations legacies and similar incomings 3&4 Investment Income and interest 5 Less : Costs of generating funds Fund raising costs 6 Net incoming resources available for charitable expenditure Charitable expendiuture Costs in furtherance of the charity's objectives 7 Management and administration costs 8 Total charitable expenditure Total resources expended 9 Net incoming resources Total funds brought forward Total funds carried forward	Unrestricted Funds £ 404,017 326 404,343 - 404,343 111,504 37,483 148,987 148,987	Total Funds 2020 £ 404,017 326 404,343 - 404,343 111,504 37,483 148,987 148,987 255,356 501,639 756,996	Total Funds 2019 £ 165,432 401
			165,833
			-
			165,833
			115,200 43,744
			158,945
			158,945
			6,888 494,751
			501,639

The notes of page 5 to 9 form part of these accounts.

SECOND CHANCE SOCIETY

Balance Sheet as at 31st October 2020

Notes Fixed Assets Tangible Assets 10 Current Assets Debtors & Bank Balances 11 Less Current Liabilities Amounts falling due within one year 12 Represented By:- Funds Unrestricted 14	2020 £ 59,602 934,301 -2,095 991,808 991,808 991,808	2019 £ 53,130 688,794 -4,780
		737,144
		737,144
		737,144

Approved by the Executive Committee on……………………………….2021 and signed on its behalf by:-

………………………………………..

Anthony Long (Hon. Chairman)

………………………………………… Y Milne (Hon. Treasurer)

The notes on pages 5 to 9 form part of these accounts

SECOND CHANCE SOCIETY

Notes to the Financial Statements for the year ended 31st October 2020

1) Accounting policies : The accounts have been prepared under the historical cost convention

The recommendations in Accounting and Reporting by Charities : Statement of Recommended Practice have been followed in the preparation of these accounts.

b) Donations

Donations include all voluntary income, including income from fundraising events, from whatever source. All voluntary income is accounted for.

c) Legacies

Legacies are accounted for on receipt, or when receipt is reasonably certain and it's value can be measured accurately.

d) Resources expended

Resources expended are recognised in the period in which they are incurred.

e) Depreciation is provided on the tangible fixed assets, at rates calculated to write off the cost or valuation less estimated residual value of each asset spread evenly over it's economic life as follows:-

Kennel buildings : over 50 years (2% per annum) Computers : 100% in year of purchase Equipment : 25% Straight Line Methond Motor Vehicles : 25% Straight Line Mehtod

2) Fund Accounting

a) General fund

The charity's general funds consists of funds which the charity may use for it's purpose at it's discretion.

3) Donations, legacies and similar incoming resources

Donations Legacies Shop sales Memorials 4) Activities for generating funds Open day Sponsorships Members & Gift / charity aid Fundraising Retail Shop	Unrestricted Funds Total Funds Total Funds £ 2020 2019 82,329 82,329 44,677 299,611 299,611 107,955 - - - 853 853 3,089
	382,794 382,794 155,721
	Unrestricted Funds Total Funds Total Funds £ 2020 2019 - - - 1,120 1,120 2,230 8,541 8,541 590 11,562 11,562 6,891 - - -
	21,223 21,223 9,711

SECOND CHANCE SOCIETY

Notes to the Financial Statements for the year ended 31st October 2020

5) Investment income and interest Interest from bank accounts 6) Fundraising costs costs of fund raising 7) Costs in furtherance of charity's objects Purchases Wages Garage/Store building Repairs and maintenance 8) Managing and administering charity Utilities (electric gas water) Vehicle expenses Insurance Clothing (Staff) refuse collection Accountancy fees Bank charges & misc. exps. Advertising Stationery/post Newsletters Training Depreciation 9) Total resources expended Fund raising costs Costs re furthering charity's objectives Managing & administering charity Note : No employee earned £50,000 or more.		Unrestricted Funds £ 326 - - 51,950 53,650 792 5,112 111,504 10,270 6,076 3,649 1,837 895 60 56 3,369 6,134 - 5,137 37,483 111,504 37,483 148,987		Total Funds 2020 326 - 51,950 53,650 792 5,112 111,504 10,270 6,076 3,649 1,837 895 60 56 3,369 6,134 - 5,137 37,483 111,504 37,483 148,987		Total Funds 2019 401 -
						50,782 56,040 700 7,678
						115,200
						12,109 9,374 3,460 3,658 895 306 - 2,293 8,851 120 2,679
						43,744
						115,200 43,744
						158,945

The following members of the executive committee received remuneration for work undertaken on behalf of the charity : Total Yvonne Milne 2020 (Bookkeeping and accounting and payroll services) -	Total 2019 -

SECOND CHANCE SOCIETY

Notes to the Financial Statements for the year ended 31st October 2020

10) Tangible Fixed Assets

Balance brought forward Additions during year Less Depreciation Balance carried forward 11) Bank balances 12) Currentl Liabilities Creditors falling due within one year	Kennel Building Equipments Vehicles £ £ £ 48,034 4,958 138 - - 11,609 961 1,240 2,937	Total £ 53,130 11,609 5,137 59,602 2020 934,301 2020 2,095	2019 688,794
	47,073 3,719 8,810
			2019 4,780

13) Restricted Funds None applicable

14) Total Funds at 31st October 2020

Unrestricted funds Total Net Assets per Balance Sheet	Tangible Fixed Assets Net Current Asstes 59,602 934,301 59,602 934,301	Total 991,808
		991,808