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← Tebbs Second Chances (Tebbs Sc)

2025-03-31-accounts

ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

TEBBS SECOND CHANCES

Report and Financial Statements For the period ended 31 March 2025

Registered charity number 1156730

ANNUAL REPORT & FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ANNUAL REPORT & FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
CONTENTS
Charity Administrative Information 3
Board of Trustees Report 4
Independent Examiner’s Report 7
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11

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ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Name of Charity Tebbs Second Chances
Charity Registration Number 1156730
Registered Address 32 Lulworth House
Portland Street
London
SE17 2DT
Trustees Basil Lumsden
Sophia Jackson
Bankers National Westminster Bank
70 Denmark Hill
London
SE5 8TT
Independent Examiner David Frederick FCCA

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ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

The trustees, who are the directors of the company for the purposes of company law, are pleased to present their report and financial statements together with the independent examiner’s report for the year ended 31 March 2025.

OBJECTS & ACTIVITIES

Objects

The objects of the charity as stated in its Articles of Association are:

(1) To advance the education of overseas school children through the provision of school materials, equipment, support and financial support;

Trustee Statement

This year has tested us in ways we could never have anticipated. Like many charities, we have felt the strain of a difficult economic climate, with donations falling to levels that threaten the work we hold so dear. And yet, even in the midst of these challenges, there has been a constant source of strength and hope

Your compassion has carried us. Your faithfulness—especially through our Sponsor a Child programme—has been nothing short of life-changing. Because of you, children who once faced overwhelming barriers are now stepping into classrooms with confidence, returning home to stability, and daring to dream bigger dreams than ever before. Your support is not just financial; it is deeply human. It is love in action.

This year, we witnessed something truly extraordinary. Three of our sponsored children achieved outstanding results in their National Primary School Certificate (NPSC) exams. These young people—who have overcome hardship, uncertainty, and disadvantage— earned places at the secondary schools of their choice. Their joy, their pride, their sense of possibility… these moments are the very reason we exist. And they are moments you helped create.

At Tebbs SC, our commitment remains unwavering. We will continue to stand beside these children, ensuring they receive the education, encouragement, and opportunities

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ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

they need to rise above their circumstances and shape a future filled with purpose and dignity.

Partnership / Future Funding

As we look ahead, our hearts are open to new partnerships with UK charities that share our passion for uplifting communities across Africa. Together, we can reach children who are still waiting for someone to believe in them. Together, we can bring hope where it is needed most.

Child Sponsorship

Our Sponsor-a-Child programme continues to grow, and with every new sponsor, another child’s story begins to change. We see it in their smiles, their grades, their confidence, and their dreams. The transformation is profound—and it is only possible because of people like you.

With your continued support, we are ready to expand this vital work and open the door to brighter futures for even more children.

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ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FINANCIAL REVIEW

Summary

General Fund income was £1,359 (2024: £1,378). Expenditure was £4,748 (2024: £2,124) resulting in a deficit of £3,389 (2024: deficit of £746).

Risk Management

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The Trustees are satisfied that all major risks have been identified and reviewed, and that systems are being established to mitigate those risks.

The Trustees are continuing:

Reserves policy

The trustees are required to ensure that free monies are available in each financial year to meet any reasonable unforeseeable contingency and also to cater for an unexpected fall in income.

In reviewing the potential costs that could arise should a significant reduction in income be suffered, the trustees have yet to determine a ‘free’ reserves policy

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ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Governing document

Tebbs Second Chances is a Charitable Incorporated Organisation (CIO) having been incorporated on 17[th ] April 2014 and is governed by its Articles of Association.

Appointment of trustees

Appointed by a resolution passed at a meeting of the charity trustees.

Organisational structure

Tebbs Second Chances is governed by its Board of Trustees, also known as the Executive Committee, which is responsible for setting the strategic direction and policies of the charity. The Executive Committee carry the ultimate responsibility for the conduct of the charity and for ensuring that the charity satisfies its legal and contractual obligations. Trustees meet at least four times a year.

Major risks

The Trustees recognise that any major risks to which the charity is exposed need to be reviewed and systems put in place to mitigate those risks. The charity is new and the Trustees are currently in the process of identifying the major risks that the charity may face. The process will be completed in due course.

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ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ~~ee~~ Board of Trustees responsibilities statement The Trustees (who are also directors of Tebbs Second Chances for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the income and expenditure of the charitable company for that period.

In preparing these financial statements, the Trustees are required to:

  1. Select suitable accounting policies and then apply them consistently;

  2. Observe the methods and principles in the Charities SORP FRS 102;

  3. Make judgments and accounting estimates that are reasonable and prudent; 4. State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

  4. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The Board of Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006.

They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In preparing this report, the Trustees have taken advantage of the small companies' exemptions provided by section 415A of the Companies Act 2006.

----- Start of picture text -----
This report was approved by the Board of Trustees on and signed on their behalf by:
Sophia Jackson ____
Trustee Dated: 21 [st] January 2026
----- End of picture text -----

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Independent examiner's report to the trustees of Tebbs Second Chances

Independent examiner's report to the trustees of Tebbs Second Chances

I report on the accounts of the charity for the year ended 31 March 2025, which are set out on pages 9 to 15.

Respective responsibilities of trustees and examiner

The charity’s trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (“the 2011 Act”) or under Regulation (10)(1)(a)-(c) of the Charities Accounts (Scotland) Regulations 2006 (as amended) (“the 2006 Regulations”) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's statement

My examination is carried out in accordance with the general Directions given by the Charity Commission and Regulation 11 of the 2006 Regulations. 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 seeks explanations from you as 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

In connection with my examination, no matter came to my attention:-

  1. which gives me reasonable cause to believe that in any material respect, the requirements

  2. to keep accounting records in accordance with section 386 of the Companies Act 2006, section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Regulations; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Companies Act 2006, section 44(1)(b) of the 2005 Act and Regulation 8 of the 2006 Regulations; and

  4. which are consistent with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities, have not been met, or

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David Frederick FCCA Marcus Bishop Associates Suite 103 Access Business Centre 3 Stanton Way London SE26 5FU

Dated: 27[th] January 2026

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ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Notes to the Financial Statements

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

Income from:
Charitable activities
4


Expenditure on:
Charitable activities
5
TOTAL
EXPENDITURE

NET INCOME AND
MOVEMENT IN
FUNDS

RECONCILIATION
OF FUNDS
Total funds at 1April
2024

TOTAL FUNDS AT 31 MARCH
2024		 Unrestricted
Funds
Restricted
Funds
Total
2025
Total
2024
£
£
£
£
1,359
0
1,359
1,378
1,359
0
1,359
1,378
4,748
0
4,748
2,124
4,748
0
4,748
(746)
(3,389)
0
(3,389)
(746)
15,656
71,426
87,082
87,828
12,267
71,426
83,693
87,082

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ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Notes to the Financial Statements Cont’d.

BALANCE SHEET AS AT 31 MARCH 2025

Note
Non-Current
Assets
Tangible
Assets
2
Current
assets:
Debtors
Cash at bank
and in hand
6
Liabilities:
Creditors (due
within one
year)
7
Net current
assets
Net Assets
Funds of the
charity:
Restricted
8
Unrestricted
8		 Unrestricted
Funds
Restricted
Funds
Total
2025
2024
£
£
£
£
12
0
12
18
12
0
12
18
438
0
438
388
11,817
71,426
83,243
86,676
12,255
71,426
83,681
87,064
0
0
0
0
12,255
71,426
83,681
87,082
12,267
71,426
83,693
87,082
0
71,426
71,426
71,426
12,267
0
12,267
15,656
12,267
71,426
83,693
87,082

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ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Notes to the Financial Statements Cont’d.

1. Accounting policies

Basis of accounting

The financial statements have been prepared under the historical cost convention and in accordance with:

The accounts have been prepared on a going concern basis which assumes that the company will continue to trade as the Board of Trustees have indicated that they intend to provide such funds as are necessary for the company to trade in the foreseeable future. The company continued its activities of provision of educational services to the youths after school and during holidays throughout the year and no other activity was acquired or discontinued during the financial year.

The charity meets the definition of a public benefit entity as defined by FRS 102 1.5. The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

Cash flow statement

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Company status

Tebbs Second Chances is a registered Charity organisation and registered with the Charity Commission on 17[th] April 2014.

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ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Notes to the Financial Statements Cont’d.

Incoming resources

All incoming resources are included in the Statement of Financial Activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. The Charity had no restricted funded during the accounting period.

The incoming resources this year have been recognised when received, as these were all donations from partners. Income tax receivable in relation to gift aid donations Is recognised at the time the relevant income is received. Deferred taxation

There are no timing differences which give rise to either a potential future liability or future asset in respect of taxation liabilities.

Resources expended

All expenditure is accounted for on an accrual basis and has been included under expense categories that aggregate all costs for allocation to activities. Support costs, which cannot be directly attributed to particular activities, have been apportioned proportionately to the other direct costs allocated to the activities. Governance costs include the costs of servicing Trustees' meetings, accountancy services and strategic planning.

Irrecoverable VAT is charged against the category of resources expended for which it is incurred.

Goodwill

Currently there is no valued goodwill.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Hire purchase agreements

The net book value of tangible fixed assets includes none relating to assets held under hire purchase agreements. The depreciation charged to accounts in the year in respect of such assets amounted to nil.

Share capital

The charity has no share capital

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ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Notes to the Financial Statements Cont’d.

2. Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value , over their expected useful economic life as follows:

Computer - 33% on reducing balance

Cost
Opening balance
Additions
Disposal
Cost 31 March 2024
Depreciation
Opening balance
Disposal
Annual charge
Cost 31 March 2024
Net Book Value
Net Book Value 31 March 2024
Net Book Value 31 March 2023		 £
£
1,294
1,294
0
0
0
0
1,294
1,294
£
£
1,276
1,276
0
0
6
6
1,282
1,282
12
12
18
18

3. Transactions with trustees and related parties There were no transactions with related parties (2023: £Ni l).

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ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Notes to the Financial Statements Cont’d.

4. Income from charitable activities

Services
Donations
Interest Received
Total		 Restricted
Funds
Unrestricted
Funds
Total
2025
Total
2024
£
£
£
£
1,325
0
1,325
1,158
0
0
0
210
34
0
34
10
1,359
0
1,359
1,378

5. Expenditure on charitable activities:

Support Costs
Advertising/Promotional
Charitable Contributions
Child sponsorship
Entertaining
Administration
Printing, Postage and Stationery
Subscriptions & Publications
Website Hosting Cost
TOTAL EXPENDITURE		 Restricted
Funds
Unrestricted
Funds
Total
2025
Total
2024
£
£
£
£
0
0
0
0
0
0
0
0
865
0
865
835
0
0
0
0
3,883
0
3,883
1,118
0
0
0
26
0
0
0
35
0
0
0
110
4,748
0
4,748
2,124

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ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Notes to the Financial Statements Cont’d.

6. Debtors

Debtors
Total		 Unrestricted
Restricted
Total
Total
Funds
Funds
2025
2024
£
£
£
£
438
0
438
388
438
0
438
388

7. Cash at bank and in hand

Cash
Echo Bank (Sierra
Leone)
NatWest Business
GBP Current
NatWest Business
GBP Savings
NatWest Current
USD
Bank current
account
Total		 Unrestricted
Restricted
Funds
Funds
2025
2024
£
£
£
£
0
0
0
0
0
0
655
655
0
0
385
385
0
0
1,998
1,998
0
0
76
224
11,920
71,426
83,346
83,414
11,920
71,426
86,460
86,676

8. Current Liabilities

Creditors falling due within one year

NatWest Reserve
USD
Total		 Unrestricted
Restricted
Funds
Funds
2025		 2024
£
£
£
0
0
0		 £
0
0
0
0		 0

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ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Notes to the Financial Statements Cont’d.

9. Movement in funds

Unrestricted
funds
General fund

Restricted
funds
Bursary fund
Training fund

Total funds		 As at
1
April
2024
Incoming
Resources
Outgoing
Resources
Transfers		 As at
31
March
2025
£
£
£
£
15,656
1,359
4,748
0		 £

12,267
71,426
0
0
0
0
0
0
0		 71,426

0
71,426
0
0
0
71,426
87,082
1,359
4,748
0
83,693

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