OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-12-31-accounts

Page
Report ofthe Trustees 1 to 3
Independent
Examineds
Report
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements 7 to 11
Detailed Statement of Financial Activities

How expenditure
has supporte
How expenditure
has supporte
d
the key o
bjectives ofthe charity
During 2020 Second Chance Association has donated as follows
Education
for Life
8,780
Education
for Life Mission
trip 1,050
Evergreen
Sleaford
Sleaford Youth Club
1,000
1,000
Junction (meals for vulnerable
Lines Inspire
local people) 3,580
250
TOTAL F15,660

for th e Year Ended 31December 2020
2020 2019
Unrestricted Total
Notes funds
5
fundsf
INCOME AND ENDOWMENTS FROM
Donations
and legacies
1,297 1,927
Charitable
activities
Shop 28,628 34,368
Other trading
activities
721 720
Total 30,646 37,015
EXPENDITURE ON
Charitable
activities
Shop 39,644 32,346
NET INCOMEEEXPENDITURE) (8,998) 4,669
RECONCILIATION
OF FUNDS
Total funds brought forward 44,187 39,518
TOTAL FUNDS CARRIED FORWARD 35,189 44,187

Seco nd Chance Association
Balance Sheet
31December 2020
2020 2019
Unrestricted Total
Notes funds
f
funds
6
FIXEDASSETS
Tangible assets 119 158
CURRENT ASSETS
Debtors 541 516
Cash at bank 35,850 44,561
36,391 45,077
CREDITORS
Amounts falling due within one year 10 (1,321) (1,048)
NET CURRENT ASSETS 35,070 44,029
TOTAL ASSETS LESSCURRENT LIABILITIES 35,189 44,187
NET ASSETS 35,189 44,187
FUNDS
Unrestricted
funds
35,189 44,187
TOTAL FUNDS 35,189 44,187

INCOME FROM CHARITAB LE ACTIVITIES
Activity 2020f 2019
f
Sales Shop 16,397 34,368
Grants Shop 12,231
28,628 34,368
CHARITABLE ACTIVITIES COSTS
Direct Grant
Costs (see funding of Support
note 5)
f
activities
f
costs Totals
f
Shop 22,960 15,660 1,024 39,644
DIRECT COSTS OF CHARITABLE ACTIVITIES
2020 2019
f
Staff costs 2,681 2,532
Rates and water 2,443 3,009
Insurance 1,319 1,740
Light and heat 5,479 4,735
Postage and stationery 4 22
Sundries 248 83
Repairs and renewals 791 658
Travelling 116
Rent 9,200 9,200
Cleaning 756 45
Depreciation 39 53
22,960 22,193

COMPARA TIV ES FOR THE ST ATEMENT OF FINANCIAL ACTIVITI ES
Unrestricted
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies 1,927
Charitable activities
Shop 34,368
Other trading activities 720
Total 37,015
EXPENDITURE ON
Charitable activities
Shop 32,346
NET INCOME 4,669

7. COMPARAT IVES F OR TH E STATEMENT OF FINANCIAL ACTI VITIES -contin ued
Unrestricted
funds
F
RECONCILIATION OF FUNDS
Total funds brought forward 39,518
TOTAL FUNDS CARRIED FORWARD 44,187
8. TANGIBLE FIXEDASSETS
Office
Equipment-
cafe
E
COST
At 1 January 2020 and 31 December 2020 1,951
DEPRECIATION
At 1 January 2020 1,793
Charge for year 39
At 31 December 2020 1,832
NET BOOK VALUE
At 31 December 2020 119
At 31 December 2019 158
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
f. f
Prepayments 541 516
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
5
Trade creditors 403 178
Other creditors 918 870
1,321 1,048
11. MOVEMENT IN FUNDS
Net
movement At
At 1.1.20 in funds 31.12.20
5 E
Unrestricted funds
General
fund
44,187 (8,998) 35,189
TOTAL FUNDS 44,187 (8,998) 35,189

Net mov ement in funds,
incl
ude d
in t
he above are as follows:
Incoming Resources Movement
resources expended
5
in funds
f
Unrestricted funds
General fund 30,646 (39,644) (8,998)
TOTAL FUNDS 30,646 (39,644) (8,998)
Comparatives for movement in funds
Net
movement At
At 1.1.19 in funds
f
31.12.19
f
Unrestricted funds
General lund 39,518 4,669 44,187
TOTAL FUNDS 39,518 4,669 44,187
Comparative net movement m funds, included in the above are as follows:
Incoming Resources Movement
resources expended
f
in funds
f
Unrestricted funds
General fund 37,015 (32,346) 4,669
TOTAL FUNDS 37,015 (32,346) 4,669
A current yea r 12months
and prior year 12
months
combined
position
is as follow
s
Net
movement At
At 1.1.19 in funds 31.12.20
f 5 5
Unrestricted funds
General fund 39,518 (4,329) 35,189
TOTAL FUNDS 39,518 (4,329) 35,189
A current yea
as follows:
r 12 months
and prior year 12
months
combined
net movement
in
funds,
included
i
n the above
a
Incoming Resources Movement
resources
F
expended
f
in funds
F
Unrestricted funds
General fund 67,661 (71,990) (4,329)
TOTAL FUNDS 67,661 (71,990) (4,329)

for the Year Ended 3 1 December 2020
2020 2019
6 5
INCOME AND ENDOWMENTS
Donations
and
legacies
Donations 1,297 1,927
Other trading activities
Room hire 721 720
Charitable
activities
Sales 16,397 34,368
Grants 12,231
28,628 34,368
Total incoming resources 30,646 37,015
EXPENDITURE
Charitable
activities
Casual labour 2,681 2,532
Rates and water 2,443 3,009
Insurance 1,319 1,740
Light and heat 5,479 4,735
Postage and stationery 4 22
Sundries 248 83
Repairs and renewals
Travelling
791 658
116
Rent 9,200 9,200
Cleaning 756 45
Fixtures and fittings 39 53
Grants to institutions 15,660 9,195
38,620 31,388
Supportcosts
Finance
Bank charges 100 88
Governance costs
Accountancy and legal fees 924 870
Totalresources expended 39,644 32,346
Net (expenditure)/income (8,998) 4,669