THE SECOND CHANCE SOCIETY
EXECUTIVE COMMITTEE'S REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31ST OCTOBER 2021
Charity Registration No. 1002511
THE SECOND CHANCE SOCIETY
CHARITY INFORMATION
Executive Committee Anthony Long (Chairman) Yvonne Milne (Hon Treasurer) Anne Wilson (Hon Secretary) Callula Thornton Karen Milne Marcus Harrop Samantha Harrop Karen Smith Andy Smith
The executive committee is appointed at the annual Appointment of Executive Committee General Meeting. One third of the committeee is required to stand for re-election at each Annual General Meeting. Registered Charity Number 1002511
Constitution adopted 11th March 1991, amended on 12th Governing Instrument December, 2001. Business Address 4 Mansbridge Cottages Mansbridge Road Mansbridge Southampton Accountants Power Account Limited Seafarers Court 12-14 Queens Terrace Southampton United Kingdom SO14 3SG Bankers 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, 2021
The Executive Committee present their report, together with the accounts for the year ended 31st October, 2021
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 £154,023 (2020 £404,343). Expenses incurred in managing and administering the charity were £58,160 (2020 £37,483). Costs in furtherance of the charity's objectives amounted to £118,255 (2020 £111,504).
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, 2021 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 Account Ltd
Seafarers Court 12-14 Queens Terrace Southampton United Kingdom SO14 3SG
SECOND CHANCE SOCIETY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST OCTOBER 2021
| 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 £ 153,947 76 154,023 1,329.91 152,693 118,255 58,160 176,415 177,745 |
Total Funds 2021 £ 153,947 76 154,023 1,329.91 152,693 118,255 58,160 176,415 177,745 -23,723 756,995 733,273 |
Total Funds 2020 £ 404,017 326 |
|---|---|---|---|
| 404,343 | |||
| - | |||
| 404,343 | |||
| 111,504 37,483 |
|||
| 148,987 | |||
| 148,987 | |||
| 255,356 501,639 |
|||
| 756,995 |
The notes of page 5 to 9 form part of these accounts.
SECOND CHANCE SOCIETY
Balance Sheet as at 31st October 2021
| 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 |
2021 £ 57,193 910,470 -2,990 964,673 964,673 964,673 |
2020 £ 59,602 934,301 -2,095 |
|---|---|---|
| 991,808 | ||
| 991,808 | ||
| 991,808 |
Approved by the Executive Committee on……………………………….2022 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 2021
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
| 3) Donations, legacies and similar incoming resources | |
|---|---|
| Donations Legacies Memorials |
Unrestricted Funds Total Funds Total Funds £ 2021 2020 92,928 92,928 82,329 45,533 45,533 299,611 7,731 7,731 853 |
| 146,192 146,192 382,794 |
4) Activities for generating funds
| Sponsorships Members & Gift / charity aid Fundraising |
Unrestricted Funds Total Funds Total Funds £ 2021 2020 - - 1,120 5,142 5,142 8,541 2,612 2,612 11,562 |
|---|---|
| 7,754 7,754 21,223 |
SECOND CHANCE SOCIETY
Notes to the Financial Statements for the year ended 31st October 2021
| 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) Rent & rates Vehicle expenses Computer expense Insurance Clothing (Staff) refuse collection Accountancy fees Bookkeeping charges Bank charges & misc. exps. Advertising Stationery/post Telephone Open day Newsletters Donation Cat Hotel/Cat Isolation Sundry Expense Training Depreciation 9) Total resources expended Fund raising costs Costs re furthering charity's objectives Managing & administering charity |
Unrestricted Funds £ 76 1,330 1,330 57,744 51,836 792 7,884 118,255 10,905 - 8,181 4,166 3,955 2,037 895 - 109 - 4,446 663 - - 50 18,123 - - 4,629 58,160 119,585 58,160 177,745 |
Total Funds 2021 76 1,330 1,330 57,744 51,836 792 7,884 118,255 10,905 - 8,181 4,166 3,955 2,037 895 - 109 - 4,446 663 - - 50 18,123 - - 4,629 58,160 119,585 58,160 177,745 |
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 |
| The following members of the executive committee received remuneration for work undertaken on behalf of the charity : Total Yvonne Milne 2021 (Bookkeeping and accounting and payroll services) 51,836 |
Total 2020 53,650 |
|---|---|
SECOND CHANCE SOCIETY
Notes to the Financial Statements for the year ended 31st October 2021
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 Computer Equipments Vehicles £ £ £ 47,073 - 3,719 8,810 - - 2,220 - 941 1,485 2,203 |
Kennel Building Computer Equipments Vehicles £ £ £ 47,073 - 3,719 8,810 - - 2,220 - 941 1,485 2,203 |
Total £ 59,602 2,220 4,629 |
|---|---|---|---|
| 46,132 - 4,454 |
6,608 | 57,193 | |
| 2021 910,470 2021 2,990 |
2020 934,301 2020 2,095 |
13) Restricted Funds None applicable
14) Total Funds at 31st October 2021
| Unrestricted funds Total Net Assets per Balance Sheet |
Tangible Fixed Assets Net Current Asstes 57,193 910,470 57,193 910,470 |
Total 964,673 |
|---|---|---|
| 964,673 |