2024-10-31-accounts

THE SECOND CHANCE SOCIETY

EXECUTIVE COMMITTEE'S REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31ST OCTOBER 2024

Charity Registration No. 1002511

THE SECOND CHANCE SOCIETY

CHARITY INFORMATION

Executive Committee

Anthony Long (Chairman) Susan Marion COTTON ALAN HENRY STEVENS Callula Thornton ANDREW BARTER SMITH KAREN JULIE SMITH ANNE WILSON

Appointment of Executive Committee

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.

Registered Charity Number

1002511

Governing Instrument

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

Business Address

4 Mansbridge Cottages Mansbridge Road Mansbridge Southampton

Accountants Power Account Limited Mailbox 3 Solent Business Centre 343 Millbrook Road West Southampton United Kingdom SO15 0HW

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, 2024

The Executive Committee present their report, together with the accounts for the year ended 31st October, 2024

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 £140,929 (2023 £116,996). Expenses incurred in managing and administering the charity were £68,664 (2023 £58,345). Costs in furtherance of the charity's objectives amounted to £207,422 (2023 £158,626).

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, 2024 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

Mailbox 3 Solent Business Centre 343 Millbrook Road West Southampton United Kingdom SO15 0HW

SECOND CHANCE SOCIETY

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31ST OCTOBER 2024

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 £ 131,513 9,416 140,929 1,046.26 139,883 207,422 68,664 276,085 277,132	Total Funds 2024 £ 131,513 9,416 140,929 1,046.26 139,883 207,422 68,664 276,085 277,132 -136,203 653,326 517,123	Total Funds 2023 £ 111,130 5,865
			116,995
			1,336.00
			115,659
			158,626 58,345
			216,971
			218,307
			-101,312 754,638
			653,326

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

SECOND CHANCE SOCIETY

Balance Sheet as at 31st October 2024

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	2024 £ 66,144 696,961 -1,790 761,315 761,315 761,315	2023 £ 71,554 824,368 -895
		895,027
		987,241
		987,241

Approved by the Executive Committee on……………………………….2025 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 2024

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 £ 2024 2023 100,415 100,415 90,338 14,231 14,231 170 1,655 1,655 605
	116,301 116,301 91,113

4) Activities for generating funds

Sponsorships Members & Gift / charity aid Fundraising	Unrestricted Funds Total Funds Total Funds £ 2024 2023 - - - 443 443 351 14,768 14,768 19,666
	15,211 15,211 20,017

SECOND CHANCE SOCIETY

Notes to the Financial Statements for the year ended 31st October 2024

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 £ 9,416 1,046 1,046 92,316 91,095 897 23,114 207,422 27,641 - 16,615 2,001 4,239 2,487 895 - - - 6,027 857 - - - - - - 7,901 68,664 208,468 68,664 277,132		Total Funds 2024 9,416 1,046 1,046 92,316 91,095 897 23,114 207,422 27,641 - 16,615 2,001 4,239 2,487 895 - - - 6,027 857 - - - - - - 7,901 68,664 208,468 68,664 277,132		Total Funds 2023 5,865 1,336
						1,336
						82,491 70,183 820 5,133
						158,626
						21,642 - 12,651 1,857 4,470 2,245 895 - 67 - 5,481 761 - - 375 - - - 7,901
						58,345
						159,963 58,345
						218,308

The following members of the executive committee received remuneration for work undertaken on behalf of the charity : Total Yvonne Milne 2024 (Bookkeeping and accounting and payroll services) 91,095	Total 2023 70,183

SECOND CHANCE SOCIETY

Notes to the Financial Statements for the year ended 31st October 2024

10) Tangible Fixed Assets

Balance brought forward Additions during year Vehicle Sale Less Depreciation Balance carried forward 11) Bank balances 12) Currentl Liabilities Creditors falling due within one year	Kennel Building Computer Equipments Vehicles £ £ £ £ 46,132 - 4,454 23,459 - - - - - 923 1,114 5,865	Kennel Building Computer Equipments Vehicles £ £ £ £ 46,132 - 4,454 23,459 - - - - - 923 1,114 5,865	Total £ 74,045 - 7,901
	45,209 - 3,341	17,594	66,144
		2024 696,961 2024 1,790	2023 824,368 2023 1,790

13) Restricted Funds None applicable

14) Total Funds at 31st October 2024

Unrestricted funds Total Net Assets per Balance Sheet	Tangible Fixed Assets Net Current Asstes 66,144 696,961 66,144 696,961	Total 761,315
		761,315