Charity registration number 1166740 SECOND CHANCE CHARITY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 14 MAY 2025
SECOND CHANCE CHARITY LEGAL AND ADMINISTRATIVE INFORMATION Trustees P Keevil G Jordan C Penfold C Webb E Jennings N Gurung S Keevil C Le-Page R Swift (Appointed 22 January 20251 (Appointed 19 February 20251 (Appointed 23 May 2025) Charlty number 1166740 Prlnclpal address Melville Court Brompton Hill Brompton Kent ME4 4XL Independent examlner TC Group Star House Star Hill Rochester Kent MEI IUX
SECOND CHANCE CHARITY CONTENTS Page Trustees, report Statement of trustees, responsibilities Independent examiner's pOrt Statement of financSal activlties Statement of financial position Notes to the financlal statements 10-17
SECOND CHANCE CHARITY TRUSTEES, REPORT FOR THE YEAR ENDED 14 MAY2025 The trustees present their annual report and financial statements for the year ended 14 May 2025. 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 Reporting by Charities.. 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 IF[6 1021 (effective l January 20191. Objectlves and activities AIMS Second Chance Medway (Charity No.. 1166740}, working in the Communlty for the Communlty was set upfor the relief and assistance of the homeless and people in crisis throughout Medway and surrounding areas. Second Chance Medway aims to stop the revolvlng door of evictions for vulnerable families, provldin8 Tenancy and Housing Support to establish an independent life, accesslble from our Community Centre located at 8MptOn, with Food Aid also beln8 provided at the Community Supermarket wlthln the Centre. Tenancy and Housing Support services Include awareness, education, incentives and support for Landlords and Tenants. Crisis Support Including, Mental Health, Benefits, Debt and Budgeting Sk1115, Grants and Food Aid. Support intervention for,. financial, socia I, employability, isolation, vulnerability, mental health or food and hygiene poverty and varied support programs toward5 independent living in the community. AcfiviTIES With 12 Volunteers, workin8 on a flexible rota over a 5-day week, supporting families and individuals to encourage and empower their selves and their families with the best possible chance in life. Our support raiss 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 USlIV ex- service users themselves, recruited, trained and mentored by our experienced team. The Supermarket is set to open over a 6-day week, wlth late night openin8 Thursday and Friday; thls will happen by Spring 2026. ACHIEVEMENTS AND PERFORMANCE Second Chance Medway Crisis Support Charlty ISCM} have had another successful year and has moved to the Community Centre at Melville Court so that it could grow and develop it's Community Supermarket and develop further Support Services to the Community. SCM have had a general turnover of staff, being made mostly of volunteers. Although mostly volunteers, we have a very good team at present, and all seem happy In thelr posts, One is pregnant so we will lose her eventually, but all others currently want to stay. The CEO and trustees are unpaid, and apart Catherine Le Page joining us, have remained the same. The Centre continue5 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 others. We have signed up with the MVA Joy Scheme, and are hoping to receive some Grant money for our Housing Solutions Project, and will also receive payments for any support referrals via the Joy Scheme. The Hub has been returned to the Landlords and we are fully operational at the Centre in Melville Court. This has been a successful move and allowed us to develop.
SECOND CHANCE CHARITY TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 14 MAY2025 We had to buy a replacement Van, due to the previous Van being written off by 3rd party driver, replacement wa5 financed via insurance. 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 emailin8. Once this Project is funded, we hope to take on further qualified 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 triallin8 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 monev. The Pantry is held on a Thursday morning and Is with a minimum of ten items per week for £4.25. But this depends on what the suppliers bring. It is a membership scheme, and everyone pays a membership fee £17 per month by DD in advance,. that way the Suppliers how much to bring to ensure everyone gets a choice, From the membership fee we get IO% each member per month; and we have Just under 50 members at present, risin8 weekly. We also get to keep any surplus stock at the end of the Pantryi as some members do not always want all items offered. Everyone is extremely satisfied with what the pantry has to offer, with many signin8 up for the Ccrnmunitv Supermarket as well. Everyone is welcome at both, The Supermarket and the Pantry, during these critical fi'nanclal times and membership is required for both, whlch allows us to monitor and provide Funders with feedback. We are now also listed on Medway Councll's website on their Food Network. We get referra15 for the Supermarket from DWP, UC, MC, Schools, Churches, Social Servlces, Women's Refuges, and other outside organisation; and often supply free food vouchers if needed. At present we have approx., 8500 members at the Pantry & Supermarket and a further 6500 clients we are helping or have helped with a combination of our support services, which include: Food Aid (Supermarket & Pantry) Housing Advice & Tenancy Support, all part of our Housing Solutions Scheme Budgeting & Debt Management Mental Health Support DA Support Under 25 Support Grants, plus various other Support services, individually tailored to the client
SECOND CHANCE CHARITY TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 14 MAY2025 We are currently organising a Charity Art Auction, proceeds to go to our own Household Grant Fund account, for applications to apply for food. utilities and other small funding requirements. We have an improved Social Media presence bein8 worked on by volunteers, with a new website in the proces5 of being redeveloped. The Charity continues to grow and to be recommended by various external organisations that prove5 our name, and reputation is across all areas of Medway. 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 Fundsi plus donations from local Business and the General Public. Second Chance Medway are completing applications on a regular basis to further the fundlng for the general dav to day expenses as well as getting services and projects financially supported. We are looking to athieve a higher level of fundlng, wlth better understanding and achlevements. Second Chance Medway are looking to submit to various fundin8 Streams, to fund each of our core projects and costs. 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 Servlce, wlll be run under the Housing Solution Project title, and funded in its own rlght. We are also lookin8 to outside Or8anlsations to Joln 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 Project and will also receive payments for any 5UPPOrt referrals via the Joy Scheme.
SECOND CHANCE CHARITY TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 14 MAY2025 FINANCIAL REVIEW Total income for the year dropped to £126,939 from £154,421 in 2024, with a decrease in donations this year. The charity has begun to rent out space within the centre leading to additional income. General income, including Grants, takings and donations equate to approx. £10,500 per month. Total expenditure has decreased to £124,295 from £141,580 in 2024, the main cause for this was due to an decrease in food support costs. Stock replenishment Is approx. £5,500 per month and we have a stock level of about £5,1)Jo. Overall this has resulted in a surplus for the year of £2,64412024 - £12,841 surplus) and resulted in an Increase in funds from £33,822 to £36,466 at the year end. We have a general running balance of £5-IOK at bank, no regular amounts of cash are held, and we have no restricted reserves. Our general reserves are 50methin8 we need to work on. Reserves policy It is the policy of the charity that unrestricted funds which have not been desi8nated for a specific use should be maintained at a level equivalent to between three and Six month's expenditure, 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 5i8nificant drop in funding, they will be able to continue the charity's current attTrvities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. Major risks The trustees have assessed the major risks to which the charlty is exposed, and are satisfied that systems are In place to mitigate exposure to the major risks. Structure• governance and management The name of the Charitable Incorporated Organlsation Ithe CIO) shall be Second Chance Medway Crisis Support Charity. The Governin8 Document was updated May 2025. a. The Management Trustees are to be elected annually at the Annual General Meeting IAGMI and shall manage the Charity. The Chair will be elected and confirmed by the majority of the trustees at the AGM. b. The Management Trustees shall consist of the Chair, the Treasurer and the Charity Manager, and other Trustees as elected at the AGM. There must be a minimum of three Trustees. c. The Trustees shall meet at least 6 times each year. d. At least 3 Trustees must be present at a Trustee meeting to be able to make decisions. e. A proper record of all transactions and meetings shall be kept by the Chair.
SECOND CHANCE CHARITY TRusfEES' REPORT (CONTINUED) FOR THE YEAR ENDED 14 MAY 2025 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 October 2023) (Appolnted 30 October 2023)
SECOND CHANCE CHARITY srATEMENT OF TRUSTEES, RESPONSIBILrriES FOR THE YEAR ENDED 14 MAY2025 The trustees are responslble for preparlng the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). The law appllcable to charities in England and Wales requires the trustees to prepare fi'nancial statements for each financlal year which glve a true and fair view of the state of affalrs of the charity and of the In(Dming resources and application of resources of the tharity for Ihat year. In preparing these flnancial statements, the trustees are required to: select sultable accounting policies and then apply them consistently; observe the methods and prlnclples in the Charlttes SORP,. make judgements and esttmates that are reasonable and prudent; state whether applicable accounung standards have been followed, subject to any materlal departyres disclosed and explained in the flnancial statements; and prepare the financial statement5 on the golng concern basls unless it is Inappropriate to presume that the charity will continue in operation. The tru5tee5 are responslble for keeping sufficient accounting records that d15cIose with reasonalle accuracy at any time the fi'nancial position of the charity and enable them to ensure that the financial ststements comply with the Charities Act 2011, the Charlty IAccounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the asset5 of the charlty and hence for taking reasonable steps for the prevents'on and detecOn of fraud and other irre8ularitles. By order of the Board of Trustees P Keevil Trustee
SECOND CHANCE CHARITY INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES 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 2025. 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 fi'nancial statements carried out under settion 145 of the 2011 Act. In carrying Out my examination I have followed all the appllcable Dlrections glven by the Charity Commission under section 145{5llbl of the 2011 Act. Independent examiner's statement I have completed my examinaiion. 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: accountin8 records were not kept in respect of the charity as 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 fomi 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 whrh attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. S Meah FCCA On behalf of TC Group Star House Star Hlll Rochester Kent MEI IUX Dated:....l.S...lli.,Aa
SECOND CHANCE CHARITY STATEMENT OF FINANCIAL AcfiviTIES INCWDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 14 MAY2025 Unrestricted funds 2025 Unrestricted funds 2024 Notes Income and endowments from: Donation5 and legacies Charitable activities Other income 110,833 5,480 10,625 154,421 Total Income 126,938 154,421 Expenditure on: Charltable actlvities Other expenditu 118,669 5,625 141,580 Total expendlture 124,294 141,580 Net income and movement In funds 12,841 Reconclllatlon of funds: Fund balances at 15 May 2024 33,822 20,981 Fund balance5 at 14 May 2025 36,466 33,822 The statement of financlal activities Includes all galns and losses recognlsed In the year. All Income and expenditure derlve from continuing activlties.
SECOND CHANCE CHARITY srATEMENf OF FINANCIAL POSITION AS AT14 MAY2025 2025 2024 Notes Flxed assets Tangible assets li 20,626 25,051 Current assets Stocks Cash at bank and In hand 5,000 13,530 12,067 18,530 12,067 Credltors: amount5 fallln8 due wlthln one year 13 {2,6901 {3,296} Net current assets 15,840 8,771 Totsl aet$ less current11obllltie$ 36,466 33,822 Income lund$ Unrestrlcted funds 36,466 33,822 36,466 33,822 The flnanclal statements were approved by the Truslees on ............ P Keevil Trustee
SECOND CHANCE CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 14 MAY2025 Accounting policies Charity 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 Accountin8 conventlon The financial statement5 have been prepared in accordance with the charity's deed of trust, the Charities Att 2011 and "Accounting and Reporting by Charities: Statement of Recommended Prattice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" {as amended for accountin8 periods commencing from l January 20161. The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provlslons In the SORP for charities applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Re8ulations 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 aoUnting policies adopted are set out below. 1.2 Golng concern At the time of approvin8 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 linancial statements. 1.3 Charitable funds Unrestricted funds are available for use at the dlscretion of the trustees In furtherance of thelr charltable objectives. Restrlcted funds are subject to specific conditions 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 Income 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 received. 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 STATEMENTS {CONTINUED) FOR THE YEAR ENDED 14 MAY2025 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a le8al or constructive obligation to transfer economic 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 support costs involved in undertakin8 each aciivity. Direct costs attributable to a single activity are allocated directly to that activity. Shared 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 costs incurred on the company's operations, including 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: Flxtures and fittin8S Computers Motor vehlcles 5 years stralght Ilne 5 years stral8ht Ilne 5 years stralght Ilne The 8ain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Stocks Stocks are stated at the lower of cost and estimated sellin8 price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. 11
SECOND CHANCE CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 14 MAY2025 Accountin8 policies (Continued} Basicfinanciol assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, 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 amortised. Boslcflnanclol Ilabilltles Basic financial liabilities, including creditors and bank loans are Inltially recognlsed at transaction prlce unless the arrangement con5tuteS a financing transaction, where the debt instrument is measured at the psent value of the future payments dlscounted at a market rate of interest. Flnanclal liabilities classified as payable within one year are not amortised. 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 acqulred in the ordinary course of operations from suppliers. Amounts payable are classified 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. Derecognltlon offinancial liabilities Financial liabilities are derecognised when the charitls contractual obligations expire or are discharged or cancelled. Income from donations and le8acies Unrestrlcted funds 2025 Unrertricted funds 2024 Donattons and 8ifts 110,833 154,421 Income from charitable activitles Unrestricted funds 2025 Unrestricted funds 2024 Charitable rental income 5,480 12-
SECOND CHANCE CHARITY NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 14 MAY2025 Other Income Unrestricted Unrestricted funds funds 2025 2024 Insurance claim 10,625 Charltable actlvlties 2025 2024 Furnlture grant Food aid Closing stock Travelling and motor running costs Customer Repalrs 1,496 29,836 15,000) 3,893 5,306 45,490 6,140 1,335 30,225 58,271 Share of support cost5 (see note 6} Share of governance costs15ee note 6} 86,170 2,274 81,143 2,166 118,669 141,580 13-
SECOND CHANCE CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 14 MAY2025 Support costs Support Governance costs costs 2025 Support Governan costs costs 2024 Staff costs Depreciation Rent Consultancy Mobiles, broadband & phones Insurance Leased equipment Legal and professional Repairs and maintenance Hub electricity Marketing and designs IT support Office and kitchen supplies Meetings Bad debt write off 8ank charges Accountancv 21,376 5,798 10,396 20,110 21,376 5,798 10,396 20,110 18,961 4,044 12,063 22,345 18,961 4,044 12,063 22,345 4,183 497 1.083 1,578 4,12S 5,749 394 4,463 4,183 497 1,083 1,578 4,125 5,749 394 4,463 3,751 591 538 575 2,969 4,339 1,737 2,442 3,751 591 538 575 2,969 4,339 1,737 2,442 4,806 254 4,806 254 3,917 218 2,000 3,917 217 2,000 1,358 1,358 654 654 Independent examlner's fees 2,274 2,274 2,166 2,166 86,170 2,274 88,444 81,143 2,166 83,309 Analysed between Charitable activities 86,170 2,274 88,444 81,143 2,166 83,309 Governance costs includes payment5 to the independent examiner of £2,274 12024 - £2,166) for the independent examination and accountancyfees. Net movemerrt in funds 2025 2024 The net movement in funds is stated after charging/(creditingl: Fees payable for the independent examination of the charity's financial statements Depreciation of owned tangible fixed assets Loss on disposal of tangible fixed assets 2,274 5,798 5,625 2,166 4,044 14-
SECOND CHANCE CHARITY NOTES TO THE FINANCIAL STATEMENTS IcoNfiNUED) FOR THE YEAR ENDED 14 MAY2025 Trustees Steven Keevil, trustee, ceiVed remuneration of £20,110 {2024: £22,345) 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 durlng the year was: 2025 Number 2024 Number Employment costs 2025 2024 Wages and salaries Soclal security costs 21,268 108 18,876 85 21,376 18,961 There were no employees whose annual remuneration was more than £60,000. 10 Taxatlon The charity is exempt frorn tax on income and gains falling wlthin 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 STATEMEMfs (CONTINUED) FOR THE YEAR ENDED 14 MAY2025 11 Tangible fixed asset5 FSxture5 and fittin85 Cornputer5 Motor vehlcle5 Tot•1 Cost At 15 May 2024 Additions Disposals 19,678 4,348 8,500 7,000 18,5001 32,526 7,000 18,500) At 14 May 2025 19,678 4,348 7,000 31,026 Depreclatlon and Impairment At 15 May 2024 Depreciation charged In the year Ellminated Sn respect of dlsposals 2,539 3,936 2,063 870 2,875 992 12,8751 7,477 5,798 12,8751 At 14 May 2025 6,475 2,933 992 10,400 Carrylng amount At 14 May 2025 13,203 1,415 6,008 20,626 At 14 May 2024 17,141 2,285 5,625 25,051 12 Stocks 2025 2024 Raw materlals and consumables 5,0(M) 13 Credltors: amount5 falllng due wlthln one year 2025 2024 Othertaxation and social security Trade creditors Accruals 93 49 2,548 237 56 3,003 2.690 3,296
SECOND CHANCE CHARITY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 14 MAY2025 14 Unrestrlrted funds The unrestricted funds of the charity comprise the unexpended balances of donations 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 trustee5 for specific purposes. At IS May 2024 Incomlng resources Resources expended At 14 May 2025 General funds 33,822 126,938 (124,294} 36,466 Previous year: At IS May 2023 Incomlng resources Resources expended At 14 May 2024 General funds 20,981 154,421 1141,5801 33,822 15 Related party transactfons During the year, Second Chance Charity received donations totalling £NII12024 - £7,865) from MRS Property Services Limited, who are a related partv. As at 14 May 2025, the charlty was owed £Nil12024- £Nill by MRS Property Servlces Llmlted. 17-