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← Asecondchance Ltd

2025-03-31-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2025

ASECONDCHANCE LIMITED

(A COMPANY LIMITED BY GUARANTEE)

CHARITY REGISTRATION NO: 1131446 COMPANY REGISTRATION NO: 06794506

Independent Examiners Ltd The Grain Store Hills Barns Appledram Lane South Chichester PO20 7EG

1

ASECONDCHANCE

(A COMPANY LIMITED BY GUARANTEE)

Page
Legal and Administrative Information 3
Trustees' Report 4 to 10
Independent Examiner's Report on the Accounts 11
Statement of Financial Activities 12
Balance Sheet 13
Notes to the Accounts 14 to 18

2

LEGAL AND ADMINISTRATIVE DETAILS

Company Registration Number: 06794506
Charity Registration Number: 1131446
Chairman of the Board of Directors: Charles Maloba
Directors : Charles Maloba
Epha Crofts
Colin Crofts
Charles Echessa
Margaret Bwakali
Executive Director:
 Amos Army
Registered Office and Operational
Address:
 1Sa Southgate House
88 Town Square
Basildon
Essex
SS14 1BN
Website: www.asc-uk.org
Principal Bankers: NatWest
Basildon Branch
29 East Walk
Basildon Essex
SS14 IHD

3

CHAIRMAN'S STATEMENT The year erKling Marth 2025 was the lowest period In the history of Asecondchance as ic was cauterised with reduced activity ￿ fundralslng In the UK and more focus on revamping the activities of our partners In country. This VRS Inllne wlth our commlunent to yovlde In klnd for the betrernient of the Ilves of the marginalised famllies we ￿ve supported slnce the tharitls incepuon in 2009. We dependent entlrety on utilssation of the expercise of the Trustees to supwt COT through trnlnln& drafting proposals to In country donors and actualtslng the en*rprise wing of COT as a sustalnable Income source for community developmenL We are pleased that the suppon we have provlded consiscentty to COT has Ccmtrl￿ted slgnfficantly to her trnck rKord to the extenc that her profile s¢ands tall amongst the other l¢xal ¢Yganisations In the Westwn region of Kenrd %%there activities are concentraced to ctE e￿￿t that the project for Yalue addition has be￿ singled out by the government as one of the besc strategies to involye women and harness their potenthl. We are glad ¢wr Advlser contlnued to provkle guidanc& Inn￿￿tIOn, and encouragement to staff to ensure all operntlons are managed appropriately to avert uncer¢alntles that befall local organisations when fvrmllng falls. Wlth volunory ￿rne Induslon. the Income recorded for year Yras £72,440 compared to £104.402 representlng a decrease of 40% from the income rdlsed In the prevlous financlal year. Durfng thls period, Asecondchantt largely covered operations costs uslr¢ volunteers and support from Trustees and well- wlshers. However, compared to the last ftnanclal year. voluntary support reduced SI￿lficantty and support to the partners malnly technlcal. Projects thatlacllllated women and glrls w address sanltsJon, hygiene and ecOr￿MIC empowennenc contlnued to take a central sf4e as Sla￿d In our mlsslon and were supporod to establlsh fUr￿Ing networ￿ wlthln Ken Wlth the support fr¢Jm old trusts and foundatlon& we continued to provide technical support to soclal protection and IlvellPKx)d Interventil￿s reachlng marginalised frdmllles and young people, particularly teenage mothers and young women. These prolects. cumulatlvely. have benefited over 86.000 marginallsed familles In ￿ reglon. We are Tdteful for the grants we received from all the trusts, foundations and IrKllvlduals who suppor us In fulfilllng our promlses to marginalised communlties in Ken￿ We are proud of the voluntary contri￿Jt5on of c￿r Trustees, For another complete year. Asecondchance managed operntlons wrthout hlred personnel whith Is a huge contribution and demonstrdtion that a good course can be achleved as long as there is a wlllln2ness to sacrifice. Lastly. we hope we shall continue receiving support to delNer our promises to marginalised women. girls and their familie& The solution for our current challenging world calls for the participation of the youth. gender equity and advtce from the old. The project we have deslgned for the next financial year are attrattive for new fundlnz. We look fcMrd to a successful year. despite the challenging economic realities. Charles E (Trusts¢ Date 14F-11.fl025

DIRECTORS’ REPORT

The charity presents its annual report for the year ending 31[st] March 2025.

STRUCTURE, GOVERNANCE & MANAGEMENT

GOVERNING INSTRUMENT

The charity was established under a Memorandum of Association established in January 2009 and s registered as a charity as well. The objects and powers of the charity and company are governed under its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £10

OBJECTS AND ACTIVITIES

Asecondchance aims to achieve lasting change in the lives of children and their families living in poverty in developing countries, through processes that are participatory and inclusive of the marginalised groups and communities. AC has one strategic goal and five strategic objectives.

Strategic Goal

To improve the quality of life for marginalised women and children by promoting their right to survival, health, and development.

Strategic Objectives

To focus on issues affecting women and girls, we reviewed our strategic objectives building on the lessons learned over the years and our comparative advantage in terms of existing capacities amongst the trustees and volunteers.

5

Highlights on projects delivered

a) Education

Education remains the most effective empowerment process for marginalised children. Education package including uniforms remains a central intervention to keep children in school. Provision of education package remains a continuous activity in our programming. Essential education packages for girls include stationery, school uniform, bag etc.

==> picture [177 x 9] intentionally omitted <==

----- Start of picture text -----
Children in new uniforms and bags
----- End of picture text -----

Sample of initial state

The 450 young mothers drawn from the 18 Care Groups (CG) participated in identifying 400 children who were provided with a pair of school uniform each bringing the total number of children supported through the CGs to 850

this being 17 children above the projected 823. Frequent home visits to encourage school attendance and psychological support by CG members spearheaded by the project volunteers based within the groups provided increased hope and encouragement among the supported children and their caregivers. The uniform support and the visits are the main reasons regular school attendance among the children supported by the project stands at 90% from the initial 20% while random spot checks conducted in respective schools indicate that performances among the same children stand at around 75% from 25%.

b) Economic Empowerment

Under the initiative of Better Economic Livelihood and income opportunities of Young (BECOM) , the following were realised.

6

To actualise the value addition activities, the recompleted the construction of the agro-processing facility. The facility has different options for various crops.

ii) Agro Processing equipment

Equipment for peanut butter processing and potato crisps were purchased and training for selected women conducted, and participants realised their potential in production of value addition crops. As the training progresses, women carried practical steps involving potato planting sessions, ground nut preparation for

Completed Agro- business facility

Training on groundnuts preparation Training on peanut production using a small machine .

peanut production and actual processing of butter.

After the first training on value addition on potatoes, one of the participants, Jane, had this to say,

“ I have never thought beyond selling boiled potatoes to students in our village school. I have always believed that potatoes are to be cooked and eaten from home. With this training, I have woken up. I will only sell few potatoes to children at school. I will concentrate and ensure that I supply enough potatoes for crips production. That will increase my income and there will be no wastage. This is the best thing that this project has brought us. If we can make money when seated at home, peace in our homes will improve. I am now going to increase the land under potatoes. I will not bother my husband for support, but I will convince him

One of the installed equipment for processing potatoes

to have a shop to sell potato crisps. I am very happy with this project.”

iii) Processing, marketing and savings and loan groups

The following testimony from one of the beneficiaries captures the achievement the project had made in processing, marketing and initiation of savings and loan groups.

7

Veronica Angela is 33 years old from Inuka care group. She is married and blessed with four children. Her land portion is approximately one acre and farming does activities based on approximately three quarters of an acre and the rest is occupied by her homestead. The crops include maize, beans, groundnuts, sweet potatoes and vegetables. Veronica has been a member of Inuka since a group member from her village visited her and engaged her in a discussion that enabled her to enrol in the group.

Veronica Angela small holder farmer processing

Veronica is playing important roles in

ensuring the members are united and work as a team. This has resulted from the engagement in various trainings and group activities such as table banking, savings, welfare activities as well as production of sweet potatoes. She has been playing important roles in ensuring there is unity and teamwork within the group.

In summary, Veronica noted, “ Attending training on agro processing, marketing and value addition enabled me to start a peanut butter business of 4kgs groundnuts with Ksh 300 (GBP 2.00) from my group savings in December 2023, raising Ksh 3,000 (GBP 20.00) making a profit of ksh 2,400 (GBP16.00). The expenditure per 2kgs groundnuts is ksh 300 (GBP 2.00) basically for plastic containers and power for processing the peanut butter.

The market price per packet plastic container ranges from ksh 150 (GBP1.00) to Ksh 200 (GBP1.34) and the product is exhausted within two to three days. The groundnuts were part of the ones I harvested and stored in my house for future use. The main challenge is that I am not known but I am trying to market my products to reach more customers from various places. The processing of peanut butter has now picked up and now peanut butter is now processed twice to thrice in a week. Part of the interest accrued was used to meet scholastic materials to my school going children and major basic needs in my house and relieved to other minor expenditures in my home. The nearest market to this beneficiary is Malaha market which is a kilometre away from home. I am willing to engage my business in making crisps, crackles, doughnuts and other products from sweet potatoes immediately I procure scrappers and the Noddle machine that I am planning for.

The project staff were supportive at disseminating information to my group members and the entire community which is helping me do my business. I promise to expand my business to get more income and reach more clients and appeal to other my fellow young mothers to be committed and take up the peanut butter business for economic empowerment.

The intervention has been dramatic and more significant to the young mothers. The education and knowledge have helped young women to initiate more income generating activities and changed the life of the beneficiary. The knowledge has helped me to venture into business and is able to survive”.

a) Project Replication

So far, the community members have learned from the progress made by the targeted beneficiaries and are engaged in the production and processing of value-added products. This was amplified by the participation of COT, implementing partner, in the County Agricultural Show that happens annually and the products from the women participating in the project attracted many people.

8

Financial Review

The key financial statements to be read in conjunction with this financial review are statements of Financial Activities on page 10, the balance Sheet on page 11 and notes on pages 12 to 15.

Total incoming resources in cash were £9,000, previous year £35,537. The philanthropic contribution from trustees and friends of AC was significant and has been considered under technical and administrative support to the charity and partners. This silent contribution is the motivation for AC’s growth and has continued to play a major role. Voluntary service by the Executive Director created the much-needed hours to manage operations, including adherence to statutory requirements and filing of returns thus minimising administrative costs. This technical support is very instrumental in enhancing the capacities of our partner in Kenya to efficiently mobilise resources from in country streams. Trustees believe that is a course worth their personal sacrifice.

1st April 2024
opening
balances
£		 Net movement
during the year
£		 Loss in market
value of
investments
£		 31st March 2022
Closing
balances
£
Unrestricted funds 1,554 135 1,689
Restricted funds 3,248 -2,241 1007
Total 4,802 -2,106 2,696

During this period no foreign currency was remitted directly to fund projects. From the total cash income received by 31[st] March 2025. The activities covered by UK office included field/support visits to partners. In addition, contribution in kind and cash totalled £63,440 was spent on charitable activities, compared to £68,835 the previous year, as direct professional contribution by trustees, management, and well-wishers.

In summary, of the £74,180 expenditure incurred in the year, over 99% was on charitable activities thus keeping our vision of spending over 95% on charitable activities. The efficient utilisation of volunteer students played a major role in this success.

Risk Review

The directors continue to keep a risk register and have identified major risks to the charity. The most severe risk to Asecondchance is that it continues to depend on directors for management and voluntary services for operations. To mitigate these risks, Asecondchance embarked on an ambitious plan to prepare four partners in Kenya to bid for institutional grants by collecting data, preparing concept notes and enhancing their institutional capacity by training and working together as mentorship.

Continuous reduction in funding streams has challenged Asecondchance to provide technical support to partners to engage in fundraising activities by utilising opportunities for agriculture, skills training and value addition initiatives

Statement of Directors’ Responsibilities

Charity law requires the directors to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year.

In preparing, those financial statements the directors are required to:

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a) select suitable accounting policies arKI then appty them ￿$1stentIy. b) make lud8n￿[s and esclmates that are reasofiabk and prudwL c) #ate whether appllcknle UK Accountlng Standards have been followed, subjec¢ to any material departures dlsclosed and explained In financial statements: and d) Prepare the financlal statements on a golng concern basis unless it Is inappropriats to assume that the charity wlll cononue In business. The dlrectors are responsible for keeping proper acccwnting record% whlth disdoK with reasonable accuraq at any time. the financial posirion of the Charity and enable them to ensure that the financlal statements comply with the Componies Art 1985 to 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detec(lon of frdud or other irregularlties. Members of the Management Commlttee Members of the management c<)mrnlttee, who are directors for the purpose of company law and trustees for the purpose of tharlty law. who served during the year and up to the date of this report are set out page l. In accordance with company law. a5 companls directors. we C￿fy that the financlal scatemen(s give a true and fair vlew of the state of the charlty's affairs as at 31 st March 2025 and of Its incoming resources and applicatlon of resources including Its Income and exwditure. for the year then ended: the financlal statements have been properly prepared In accordance with Unlted Kingdom Generdlly Accepted Acc¢)unting Practlce appllcable to smaller enthies: the finandal statements have been prepared in accordance wlth the Companies Act 1985 to 2006 the Informatlon given in the Trustees. Annual Report is consistent with the financial sratements. As dlrectors of the company. we have taken all the sTrps that we ought to have taken to make ourselves aware of any releyant financial Informatlon that we need to In the year. 1+.11.2oJ£ Approved by the Trustees on ....... and slgned as aLrthorlsed on thelr behalf ty. IgJJ charl￿ Echessa (frustse) io

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

Report to the Directors of Asecond Chance LTD on the accounts for the year ended 31st March 25 set out on pages 12 to 18.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The charity's trustees consider that an audit is not required for this year (under section 144 (2) of the Charities Act 2011) and that an independent examination is needed.

It is my responsibility to:

BASIS OF INDEPENDENT EXAMINER'S STATEMENT

My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the organisation 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER'S STATEMENT

  1. which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that:

  2. proper accounting records are kept (in accordance with section 130 of the Act); and

  3. accounts are prepared which agree with the accounting records and comply with the accounting

  4. ● requirements of the Act; or

  5. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

K Gomes FCIE MAAT Independent Examiners Ltd The Grain Store 17.11.25 Hills Barns Appledram lane South Chichester PO20 7EJ

11

ASECONDCHANCE (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 25

Incorporating Income & Expenditure Account

Notes
INCOMING RESOURCES
Incoming Resources from Generated Funds
Donations & Legacies
3a
Charitable Activities
3b
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Costs of Generating Funds
Cost of Charitable Activities
4
TOTAL RESOURCES EXPENDED
NET INCOMING/ (OUTGOING) RESOURCES
Total Funds Brought Forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2025
2024
£
£
£
£
63,940
-
63,940
68,835
-
8,500
8,500
35,567
63,940
8,500
72,440
104,402
63,805
10,741
74,546
112,628
63,805
10,741
74,546
112,628
135
(2,241)
(2,106)
(8,226)
1,554
3,248
4,802
13,028
1,689
1,007
2,696
4,802

Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.

The notes on pages 14 to 18 form part of these financial statements.

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ASECONDCHANCE (A COMPANY UMITED BY GUARANTEE) BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 25 31-M•r-25 31-MaTr24 Tot•1 Total Note Flxed As••ts Tanglble Assets 1,096 1,461 Curr•nt As••ts Debtors & P￿paYrnents Cash at Bank and in Hand 3,010 4,751 T•t•l Currnnt A•••ts Cr•dltor•: amounts falllng due wlthln one year 1,410 1,410 NEf CURRENT ASSET5 3,341 Long Terni Uabllltl••: amount due In more than one year Total Fund• of th• Ch•rlty General Funds Restrlcted Funds 1,689 1,007 1,554 3,248 For the flnanoal year ending 31 March 2025 the charfty was entitled to exemption from audit under sertlon 477 of the Companies Act 2006 relatln9 to small cOm￿nIes. Dlr•¢tor'• re•pon•lbllltl•• . The members have not requlred the charlty to obtaln an audit of its accounts for the year In questlon In accordance wlth sectlon 476 . and . The dlrectors acknowledge thelr reswnslb1l￿IeS for complying wlth the requirements of the Act wlth respect to accounting records and the preparntlon of accounts. These financlal statements have been prepared in accordance wlth the speclal provlslons relatlng to companles subject to the small companles regime wlthln Part IS of the Companles Act 2006. The financlal statements on page$ 12 to 18 were approved by the Trustees, and authorlsed and slgned on thelr behalf by: Approved by the Dlrectors on the . Slgned on thelr behalf by Dirertor. Prfnt Name . 13

ASECONDCHANCE (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 25

Basis of Preparation

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) 2nd addition effective 1 January 2019 and with the Charities Act 2011.

1. ACCOUNTING POLICIES

The particular accounting policies adopted are set out below.

INCOME

Recognition of Income

These are included in the Statement of Financial Activities (SOFA) when:

Offsetting

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS102 SORP or FRS102.

Grants and Donations

Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Tax Reclaims on Donations and Gifts

Incoming resources from tax reclaims are included in the SOFA in the same financial period as the gift to which they relate.

Contractual Income and Performance Related Grants

This is only included in the SOFA once the related goods or services has been delivered.

Gifts in Kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when received.

Donated Services and Facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

Volunteer Help

The value of any voluntary help received is included in the accounts .

14

ASECONDCHANCE (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 25

1. ACCOUNTING POLICIES (Continued)

EXPENDITURE AND LIABILITIES

Liability Recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Governance Costs

Governance Costs include costs of the preparation and examination of statutory accounts, the costs of the Directors' meetings and cost of any legal advice to Directors on governance or constitutional matters.

Grants with Performance Conditions

Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.

CHANGES IN ACCOUNTING POLICIES AND PREVIOUS ACCOUNTS

There has been no change to the accounting policies since last year and no changes in the previous accounts.

ASSETS

Fixed Assets

These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or, if gifted, at the value to the charity on receipt.

Fixtures and equipment 25%

2. TANGIBLE FIXED ASSETS

Cost
01-Apr-24
Additions
Disposals
Cost at
31-Mar-25
Depreciation
01-Apr-24
Disposals
Charge
Depreciation at
31-Mar-25
Net Book Value
31-Mar-25
Net Book Value
31-Mar-24
Equipment		 TOTAL
Other
Equipment
2025
£
£
£
-
4,686
4,686
-
-
-
-
-
-
-
4,686
4,686
-
3,225
3,225
-
-
-
-
365
365
-
3,590
3,590
-
1,096
1,096
-
1,461
1,461

15

ASECONDCHANCE (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 25

3. INCOMING RESOURCES
a) Incoming resources from generated funds
Donations
Value of Volunteer time
b) Income from Charitable Activities
Grants
4. RESOURCES EXPENDED
Notes
Charitable Activities
Grants to partners
Personnel costs
Other expenses
Travel
Office utilities
Office rent & council tax
Subscriptions
Partner support visits
Telephone & Internet
Bank charges
Depreciation
Value of Volunteer Time
Independent Examiners Fees
8		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2025
2024
£
£
£
£
500
-
500
-
63,440
-
63,440
68,835
63,940
-
63,940
68,835
-
8,500
8,500
35,567
-
8,500
8,500
35,567
Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2025
2024
£
£
£
£
-
1,281
1,281
25,000
-
46
46
299
-
787
787
378
-
350
350
1,559
-
40
40
53
-
5,390
5,390
6,542
-
-
-
4,561
-
-
-
410
-
1,437
1,437
3,184
-
-
-
31
365
-
365
367
63,440
-
63,440
68,835
-
1,410
1,410
1,410
63,805
10,741
74,546
112,628

16

ASECONDCHANCE (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 25

5. RESTRICTED FUNDS

5. RESTRICTED FUNDS
Restricted funds Balance
Balance
01-Apr-24
Income
Expenditure
Transfers
31-Mar-25
3,248
8,500
10,741
-
-
1,007
3,248
8,500
10,741
-
-
1,007

Kenya Activities - To be used for Vocational Training, Child Protection, Child health and Survival, Education and Poverty Reduction.

The Charity's cash reserves include an amount representing the balance of the restricted fund.

Prior Year
Restricted funds
6. CASH AT BANK AND IN HAND
Cash at Bank		 Balance
01-Apr-23
£
13,826		 Balance
Income
Expenditure
Transfers
31-Mar-24
£
£
£
£
31,018
41,596
-
-
3,248
13,826 31,018
41,596
-
-
3,248
Unrestricted
Restricted
Total
Total
Fund
Fund
31-Mar-25
31-Mar-24
£
£
£
£
2,003
1,007
3,010
4,751
2,003
1,007
3,010
4,751

7. DEBTORS AND PREPAYMENTS

The Charity held no debtors during this or previous financial years.

8. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Independent Examiners Fees Unrestricted
Restricted
Total
Total
Fund
Fund
31-Mar-25
31-Mar-24
£
£
£
£
1,410
-
1,410
1,410
1,410
-
1,410
1,410

9. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR

The Charity held no long term liabilities during this or the previous financial period.

17

ASECONDCHANCE (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 25

10. STAFF COSTS AND NUMBERS

The Charity employed no members of staff during this or the previous financial period.

11. DIRECTORS AND OTHER RELATED PARTIES

No material payments were made to directors or any persons connected with them during this financial period. No material transaction took place between the charity and a director or any person connected with them. 2024 - None

12. RECONCILIATION OF MOVEMENT ON CAPITAL AND RESERVES

The Company is Limited by Guarantee (0679450) and it is a charity registered with the Charity Commission (1131446).

Profit / Deficit for the financial year
Other Recognised Gains
Balance Brought Forward
Closing Funds at 31st March 2025		 2025
2024
£
£
(2,106)
(8,226)
-
-
(2,106)
(8,226)
4,802
13,028
2,696
4,802

18