Charity registration number 1166740 SECOND CHANCE CHARITY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 14 MAY 2024
SECOND CHANCE CHARITY LEGAL AND ADMINISTRATIVE INFORMATION Trustees P Keevil G Jordan C Penfold C Webb E Jennings H Kiralfy N Gurung (Appointed 9 September 2023} (Appointed 30 Ottober 20231 (Appointed 30 Ottober 20231 Charity number 1166740 Independent examiner TC Group Star House Star Hill Rochester Kent MEI IUX
SECOND CHANCE CHARITY CONTENTS Page Trustees, report Statement of trustees, responsibilities Independent examiner's report Statement of financial activities Statement of financial position Notes to the financial statements 10-17
SECOND CHANCE CHARITY TRUSTEES, REPORT FOR THE YEAR ENDED 14 MAY2024 The trustees present their annual report and financial statements for the year ended 14 May 2024. The financial statements have been prepared in accordance with the accounting policies Set out in note I to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporknng by Charitie5: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFF 1021 {effective l January 2019). Objectives and activltles AIMS Second Chance Medway {Charity No.. 11667401, working in the Community for the Community was set up for the relief and assistance of the homeless and people in crisis throughout Medway and surrounding areas. Second Chance Medway aims to stop the revolving door of evictions for vulnerable families, providing Tenancy and Housing Support to establish an independent life, accessible from our Community Centre located at Bff)mpton, with Food Aid being provided at the Community Supermarket from the Community Hub on Chatham High Stet. Tenancy and Housing Support services include awareness, education, incentives and sUPPOrt for Landlords and Tenants. Crisis Support includin& Mental Health, Benefits. Debt and Budgeting Skills, Grants and Food Aid. Support intervention for- financial, social, employabiltty, isolation, vulnerability, mental health or food and hygiene poverty and varied support programs towards independent living in the community. AcfiviTIES With 8 Volunteers, working on a flexible rota over a &day week, and 2 part time staff, Supporting families and individuals to encourage and empower their selves and their families with the best possible chance in life. Our support raise5 self-confidence, self-esteem, improves social ability and reduces isolation. The support also reduces difficult behaviour within the family which improves mental health and encourages strong family ties. Volunteers are usually ex-service users themselves. recruited, trained and mentored by our experienced team. Our activities are ever changing to match the needs of the clients and beneficiaries, and have changed further during 2024, due to our Founder and Lead Support Worker suffering serious illness throughout 2024, services were reduced around her availability and funding for other support staff. ACHIEVEMENTS AND PERFORMANCE Second Chance Medway Crisis Support Charity {SCM} have had another successful year with projects Ing created or improved, Crisis Support Services have been maintained and the Centre is being let to various outside organisations and we have undergone major refurbishment5 to the Hub. SCM have had a general turnover of staff, being made mostly of volunteers, with the Charity Manager, Hub Manager, Supermarket Manager and Office Manager being paid permanent Staff. Although generally paid basic 16 hrs week, with rest of time being unpaid Volunteers. Although mostly volunteers, we have an exceptionallv good team at present, and all seem happy in their posts. The Centre continues to be rented to various organisations for their events, including, Medway Plus, Medwayish. the Labour Party, Ukrainian Help Group, Nucleus Arts, Medway Electric, Homeless Forum, Medway Youth Art, Brompton Pact, KCC and other5. The Hub has had various refurbishments over the year including the Supermarket, middle officelstorage, and back office. Main costs have been for new Chiller l Freezer units, upgraded Air Con, flooring. general rq)airs and mprovements. Costs were approx. £40k. Majority paid by Erants.
SECOND CHANCE CHARITY TRU5fEES' REPORT {CONTINUED) FOR THE YEAR ENDED 14 MAY2024 The lower ground floor is still in the process of being refurbed, with one roorn as additional office, and one room for storage. This is ongoing and will take a further few months. Although we may be able to rent out Room 3 to the lower ground floor for various organisation in the same light as the Centre. We have applied for a Shutter at the Hub, but the Conservation area has changed and there is every likelihood that plans would not succeed, so this is on hold at present, whilst we check further. We have two major Schemes at present. The Housing Solutions Scheme, to reduce Homelessness in Medway. The Scheme documentation is available for reading, with a condensed version available for emailing. Once this Project is funded, we hope to take on further qualifi'ed Support Staff. We are in the process of discussing the project with MC and other Organisations and Housing Projects, whose initial response at various meetings was very encouraging. We are currently trialling various aspects of the Scheme, all of which are successful. The Second Scheme is the continuation of the Food Aid Project, run via our Community Supermarket, now running alongside the Community Pantry which offers even better value for money. The Pantry is held on a Thursday morning and is with a minimum of ten items per week for £4. But this depends on what the suppliers bring, which usually equate5 to a lot more stock for the same amount. A lady previously left with thirty-one food items, and still only for £4. It 15 a membership scheme, and everyone pays a membership fee £16.50 per month by DD in advance; that way the Suppliers how much to bring to ensure everyone gets a choice. Everyone is extremely satisfied with what the pantry has to offer, with many signing up for the Ccmmunity Supermarket as well. Everyone is welcome at both. The Supermarket and the Pantry, during these critical financial times and mernbership is required for both, which allows us to monitor and provide Funders with feedback. We are now also listed on Medway Council's website on their Food Network. We get referrals for the Supermarket from DWP, UC, MC, Schools, Churches, Social Services, Women's Refuges, and other outside organisation- and often supply free food vouchers if needed. We attend local events held by other organisations to inform the general public of what we do, whffe we are and how we help. As part of the Food Aid Project. we are aiming to be registered with the E-voucher Scheme, which will allow us to redeem E-vouchers for food and Free School Meal Vouchers both of which are financed by Medway Council. This is an ongoing process which is taking longer to fulfil than we had hoped, but we are hopeful this will be place during 2025. At present we have approx., 7500 members at the Pantry & Supermarket and a further 65Crf) clients we are helping or have helped with a combination of our support SeIS, which include: Supermarket & Pantry, vis our Food Aid Project Housing Advice & Tenancy Support, all part of our Housing Solutions Scheme Budgeting & Debt Management Mental Health Support DA Support Under 25 Support Various Grants, including the LA Housing Support Grant Plus, various other Support services, individually tailored to the client
SECOND CHANCE CHARITY TRusfEES' REPORT (CONTINUED) FOR THE YEAR ENDED 14 MAY2024 Our Food Vouchers will soon be financed by the Charity Art Auction, which we will be holding towards the end of the year. Proceeds will go to our own Household Grant Fund account, for applications to apply fcr food, utilities and other small funding requirements. We have an improved Social Media presence being worked on by volunteers, with a new website in the process of being redeveloped. Also, in development is a website for online shopping at the Community Supermarket, which we will be able to deliver everywhere to ensure all members of the Medway Community can benefit from our reduced food shopping costs. The Charity continue5 to grow and to be recommended by various external organi5ations that proves our name, and reputation is across all areas of Medway. Our Crisis Support includes, financial. social, employability, isolation, mental health and food poverty, along with homelessness or being threatened with homele55. Our Services are available to the homeless, homed, unemployed, employed and everyone in between. The Community Hub and supermarket are at 105 High Street, Chatham, with the Business Lounge and TTrining Centre at the Community Centre, Brompton Hill, Brompton All Welcome. The CEO and Trustees are unpaid, there have been three new appointments in year. FUND RAISING Second Chance Medway have received funding from Chatham Charities. Kent Community Foundation, Colyer Ferguson Community Trust, Kent Community Fund, the Philips Foundation, Tesco, Groundwork. Foyle Foundation, Whitehead Monckton, Garfield Weston, Hobson Charity Souter, February Foundation and Medway Councillors Ward Improvement Funds,. this financial year, plus increased donations from local Business and the General Public. Second Chance Medway are completing applications on a regular basis to further the funding for the general day to day expenses as well as getknng services and projects financially supported. We are looking to athieve a higher level of funding, with better understanding and achievements. Second Chance Medway are looking to submit to various funding streams, to fund each of our core projects. Second Chance Medway will continue to seek and secure funding from all avenues open to us for the purpose of continuing to offer our Support Services to Medway via our Community Hub and Centre. The future fundng will pay for core costs, projects costs and staff wages. We will be seeking to employ qualified staff to be able to offer more support to those in need.
SECOND CHANCE CHARITY TRUSTEES, REPORT {CONTINUED} FOR THE YEAR ENDED 14 MAY2024 POLICIES AND PROCEDURES Second Chance Medway will continue to monitor and update their Policies and Procedures, which will be review each year and signed off by Trustees. The Trustees are meeting monthly to ensure we can be aware of the needs of the Community and be prepared to offer whatever support that is required to get our Community through these difficult times, Meetings are still generally via Zoom as it is difficult to meet for various reasons. FUTURE PLANS Second Chance Medway, Tenancy Support Service, further work is being completed, with further statistics and evidence added plus financial requirements and amendments to be made, before submitting for funding. This will enable Second Chance Medway to run a Pilot Scheme, thus enabling results and statistics to be presented to the Ministry of Housing, Communities and Local Government IMHCLGI to further the project for LA contractual schemes. Plus. we have various plans to support more clients and other new and improved services. We are also looking to outside Organisations to join us at the Centre, to enable to offer all supp)rt services from an Organisation 'under one roof,. We have signed up with the MVA Joy Scheme and are hoping to receive some seed money for our Housing Projert and will also receive payments for any support referrals via the Joy Scheme. FINANCIAL REVIEW Total income for the year rose to £154,421 from £122,857 in 2023, with a surge of donations this ar, this is due to the charity expanding the list of indNiduals and charities that are donating. The charity is now completing applications on a regular basis in order to further the funding for general expenses, and also for projects the charity is undertaking. General income, including Grants, takings and donations equate to approx, £12,500 per month. Total expenditure has increased to £141,580 from £119,751 in 2023, the main cause for this was due to an increase in food support costs. We have an approximate £1,500 per month wage bill, including Vol Costs, subject to sickness and holiday costs, and PAYE. Rent, utilities and other overheads equates to average £1,000 per month. Stock replenishment is approx. £4,500 per month and we have a stock level of about £15,000. Overall this has resulted in a surplus for the year of £12,84112023 - £3,106) and resulted in an increase in funds from £20.981 to £33,115 at the year end. We have a general running balance of £3-5K at bank, no regular amounts of cash are held, and we hwe no Reserves. Our general reserves are something we need to work on. Reserves policy It is the policy of the charity that unrestricted funds which have not been designated for a specfic use should be maintained at a level equivalent to between three and six month's expendstur¢ which with continued Grant applications we are striving to achieve. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. Thi5 level of reserves has been maintained throughout the year. Major rlsks The trustees have assessed the major risks to which the charity 15 exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
SECOND CHANCE CHARITY TRusfEES' REPORT {CONTINUED) FOR THE YEAR ENDED 14 MAY2024 Strurture• governance and management P Keevil A Fitzpatrick G Jordan R Pataky C Penfold C Webb E Jennings H Kiralfy N Gurung (Resigned 31 July 2023) (Resigned 31 May 20231 {Appointed 9 September 2023) (Appointed 30 Ortober 20231 (Appointed 30 October 20231
SECOND CHANCE CHARITY STATEMENT OF TRUSTEES. RESPONSIBIUTIES FOR THE YEAR ENDED 14 MAY2024 The trustees 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 Pratticel. The law applicable to chariknes in England and Wales requires the trustees to prepare financial ststements for each financial year which give a true and fair view of the state of affairs of the charity and of the in(omin8 resources and application of resources of the charity for that year. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP,. make judgements and estimates that are reasonable and prudent," state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statement5 on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping sufficient accounting records that disclose with reasOnae accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. By order of the Board of Trustees Penny Keevil Trustee 2S
SECOND CHANCE CHARITY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SECOND CHANCE CHARITY I report to the trustees on my examination of the financial statements of Second Chance Charity {the charity) for the year ended 14 May 2024. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 {the 2011 Act). I report in respect of my examination of the charity's financial statements carried out under se11ion 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5llbl of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity a5 required by section 130 of the 2011Act,' or the financial statements do not accord with those records; or the financial statements do not comply with the applicable requirements concerning the fonn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirementthat the accounts give a true and fair view which is not a matter considered as part of an independenl examination. I have no concerns and have come across no other matters in connection with the examination to whth attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Sally Meah TC Group Star House Star H ill Rochester Kent MEI IUX Dated:
SECOND CHANCE CHARITY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 14 MAY2024 Unrestricted funds 2024 Unrestricted funds 2023 Restricted funds 2023 Totsl 2023 Notes Income from: Donations and legacies 154,421 119,607 3,250 122,857 Total income 154,421 119,607 3,250 122,857 Expendlture on: Charitable activities 141,S80 116,501 3,250 119,751 Total expenditure 141,580 116,501 3.250 119,751 Net income and movement in funds 12,841 3,106 3,106 Reconciliation of funds: Fund balances at 15 May 2023 20,981 17,875 17,875 Fund balances at 14 May 2024 33,822 20,981 20,981 The staternent of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
SECOND CHANCE CHARITY STATEMENT OF FINANCIAL POSITION ASAT14 MAY2024 2024 2023 Notes Fixed assets Tangible assets 25,051 13,259 Current assets Debtors Cash at bank and in hand io 2,000 11,194 12,067 12,067 13,194 Credltors: amounts falling due within one year 11 {3,2961 (5,472) Net current assets 8,771 7,722 Total assets less current Ilabllltles 33,822 20,981 Income funds Unrestricted funds 33,822 20,981 33,822 20,981 The financial statements were approved by the Trustees on . Penny Keevil Trustee
SECOND CHANCE CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 14 MAY 2024 Accounting policies Charlty Information Second Chance Charity is a charitable incorporated organisation, incorporated in England and Wales. The registered office is 105 High Street, Chatham, Kent, ME4 4DH. 1.1 Accountin£ convention The financial statements have been prepared in accordance with the charity's deed of trust. the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable tc charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" {as amended for accounting periods commencing from l January 2016). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The financial statement5 have departed from the Charities {Accounts and Reports) Regulation5 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charitie5 applying FRS 102 rather than the version of the Statement of Recomrnended Prattice which is referred to in the Regulations but which has since been withdrawn. The financial Statements are prepared in sterling. which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal aoounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtheran of their charitable objectives. Restricted funds are subject to specific conditrons by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 In¢ome Income is recognised when the charity is legally entitled to it after any performance conditions hwe been met, the amounts can be measured reliably, and it is probable that income will be recesved. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 10-
SECOND CHANCE CHARITY NOTES TO THE FINANCIAL STATEMENT5 (CONTINUED) FOR THE YEAR ENDED 14 MAY2024 Accounting policies (Continued) Donated services and facilities are measured at the open market equivalent for the benefit that the charity has received. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfereconomic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including 5UPPOrt costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Strkired costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central stsff costs are allocated on the basis of time spent. and depreciation charges allocated on the portion of the asset's use. Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements. Charitable activities and Governance costs are cost5 incurred on the company's operations, includiig support Costs and costs relating to the governance of the company apportioned to charitable activities. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures and fittings Computers Motor vehicles 5 years straight line 5 years straight line 5 years straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceed5 and the carrying value of the asset, and is recognised in the statement of financial activtties. 1.7 Financial Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of Fts financial instruments. Financial instruments are recoEnised in the charity'5 balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention tosettle on a net basis or to realise the asset and settle the liability simultaneously. 11
SECOND CHANCE CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 14 MAY2024 Accountin8 policies (Continued) Basicfinancial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transattion price including transaction costs and are subsequently carried at amortised c05t using the effective interest method unless the arrangement constitutes a financing transartion, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amorknsed. Basicfinanciol liabilities Basic financial liabilities, including creditors and bank loans are initrally recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the psent value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amorknsed. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are cla55ified as current liabilities if payment is due within one year or less, If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition offinanciol Ilabllltfes Financial liabilities are derecognised when the charitVs contractual obligations expire or are discharged or cancelled. Income from donations and legacies Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restrlcted fund5 funds 2023 2023 Total 2024 2023 Donations and gffts Grants 154.421 154,421 119,107 500 119,107 3,750 3,250 154,421 154,421 119,607 3,250 122,857 12-
SECOND CHANCE CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 14 MAY 2024 Charitable activities 2024 2023 Furniture 8rant Food aid Travelling and motor running cost5 Customer Repairs 5,306 45,490 6,140 1,335 7,452 33,923 1,729 58,271 43,104 Share of support costs (see note 41 Share of governance costs (see note 41 80,489 2,820 73,715 2,932 141,580 119,751 Analysis by fund Unrestricted funds Restricted funds 141.580 116,501 3,250 13-
SECOND CHANCE CHARITY NOTE5 TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 14 MAY2024 Support costs Support Governance costs costs 2024 Support Govemance costs costs 2023 Staff costs Depreciation Rent Consultancy Mobiles, broadband & phones I nsurance Membership Legal and professional Repairs and maintenance Hub electricty Marketing and designs IT support Office and kitchen supplies Meetings Bad debt write off 18,961 4,044 12,063 22,345 18,961 22.603 1.815 9,620 13,650 22,603 1,815 9,620 13,650 12,063 22,345 3,751 591 538 3,751 591 538 575 2,969 4,339 1,737 2,442 4,705 942 4,705 942 575 2,969 4,339 1,737 2,442 810 6,314 6,946 1,910 4,400 810 6,314 6,946 1.910 4.400 3,917 218 2,000 3,917 218 Independent examiner's fees 2,820 2,820 2,932 2,932 80,489 2,820 83,309 73,715 2,932 76,647 Analysed between Charitable activities 80,489 2,820 83.309 73,715 2,932 76,647 Net movement in funds 2024 2023 The net movement in funds 15 Stated after charging/lcrediting}: Fees payable for the independent examination of the charity's fi'nancial statements 2,820 4,044 2,932 1,815 Depreciation of owned tangible fixed assets 14-
SECOND CHANCE CHARITY NOTES TO THE FINANCIAL STATEMENTS ICONTINUED} FOR THE YEAR ENDED 14 MAY2024 Trustees Steven Keevil, who is the son of trustee Penny Keevil, received remuneration of £22,345 {2023: £13,650) in the year for consultancy services provided to the charity. No other trustees {or any persons connected with them) received any remuneration or benefits from the charity during the year. Employees The average monthly number of employees during the year was: 2024 Number 2023 Number Employment costs 2024 2023 Wages and salaries Social security costs 18,876 85 22,475 128 18,961 22,603 There were no employees whose annual remuneration was more than £60,000. Taxation The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 15-
SECOND CHANCE CHARITY NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 14 MAY 2024 Tangible fixed assets Flxturts and ffttings Computers Motor hl¢le5 Totsl Cost At 15 May 2023 Additions 4,903 14,775 3,289 1,059 8,500 16,692 15,834 At 14 May 2024 19,678 4,348 8,500 32,526 Deprttiation and impairment At 15 May 2023 Depreciation charged in the year 928 1,609 1,278 785 1,225 1,650 3,431 4,044 At 14 May 2024 2,537 2,063 2,875 7,475 Carrylng amount At 14 May 2024 17,141 2,285 5,625 25,051 At 14 May 2023 3,973 2,011 7,275 13,259 10 Debtors 2024 2023 Amounts falling due within one year: Other debtors 2,000 11 Creditors: amounts falling due within one year 2024 2023 Other taxation and social security Trade creditors Accruals and deferred income 237 56 3,003 191 1,998 3.283 3,296 5.472 16-
SECOND CHANCE CHARITY NOTESTO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 14 MAY 2024 12 Unrestricted funds The unrestritted funds of the charity comprise the unexpended balances of donation5 and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 15 May 2023 Incoming resources Resources expended At 14 May 2024 General funds 20.981 154,421 1141,580) 33,822 Previous year: At 15 May 2022 Incoming resources Resources expended At 14 Mav 2023 General funds 17,875 119,607 {116,5011 20,981 13 Related partytransartions During the year, Second Chance Charity received donations totalling £7,865 12023 - £8,000) from MR5 Property Services Limited, who are a related party. As at 14 May 2024, the charity was owed £Nil12023- £2,000) by MRS Property Services Limited. 17-