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2025-03-31-accounts

Charity number: 1177984

CHANCE CHANGING LIVES

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

CHANCE CHANGING LIVES

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 14
Independent examiner's report 15
Statement of financial activities 16
Balance sheet 17
Notes to the financial statements 18 - 32

CHANCE CHANGING LIVES

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025

Trustees Juliette Boland (appointed 20 November 2024)
Darren Evans, Volunteer Development
Julie Kay, Service Delivery at Community Hub
Sandra Link, Chair
Richard Stakes, Treasurer
Lou Vasey, PR and Marketing
Charity registered
number

Principal office





Accountants






 1177984
Community Pantry
11-13 Coronation Crescent
Crewe
Cheshire
CW1 4EJ
WR Partners
Chartered Accountants
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

Page 1

CHANCE CHANGING LIVES

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their annual report together with the financial statements of CHANCE Changing Lives for the year 1 April 2024 to 31 March 2025.

Objectives and activities

a. Policies and objectives

The work of the charity is shaped by the Vision, Mission and Values. These are reviewed annually to ensure fitness for purpose and following a change to the mission statement in March 2024, these are as follows:

Our Vision is: That everyone has a safe place to call home, with food to eat and an opportunity for their voice to be heard.

Our Mission is: To reduce hunger and provide hope, promote dignity and social inclusion and create opportunities to transform lives.

Our values are that:

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Page 2

CHANCE CHANGING LIVES

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Objectives and activities (continued)

b. Strategic objectives 2024-25

The strategic direction of the charity is reviewed each year and new objectives are set which determine the overall direction of the charity, supported by a set of objectives that can be measured. The objectives are reviewed throughout the operational year, and the table below shows the strategic objectives that were set for the year 2024-25. The table also clearly records to what degree those objectives have been met.

Objectives 2024-25 and progress made

Page 3

CHANCE CHANGING LIVES

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance

a. Operational activities the Charity

Saturday Kitchen

Chance continues to provide practical support to homeless and/or disadvantaged people in Crewe and Nantwich each Saturday through the ‘Saturday Kitchen services’ where a nutritious two course meal is shared, alongside a wide range of activities and services. We are very grateful to the Wishing Well Charity for allowing us to use their premises, complete with commercial kitchen each week.

In addition to activities and practical support, the charity organises a range of goods and services to improve the health, social, capacity and financial position of our guests:

Beneficiaries

The number of guests at the Saturday Kitchen can range from 35 - 50 people per week. Many have complex needs, some are street homeless, sofa surfing, have insecure tenancies, others are lonely and struggle with day to day living.

During Christmas, with the continuing kind support of local businesses, The Royal Oak, Worleston and J. Hules the Bakery of Worleston who provided us with the highest quality ingredients, our volunteers produced an exceptional two-course, seasonal roast dinner with all the ‘extra’s’ for each of our 50+ guests. Additional support from The Julia and Hans Rausing Trust enabled us to provide beautiful decoration for each of the dining tables and the provision of an individually gift-wrapped present for each of our guests, presented by our very own Father Christmas! We were absolutely thrilled to make this very special Christmas meal available for our regular guests. The table below sets out the range and level of activities delivered and provides a comparison with the same period of the previous year:

Saturday Kitchen Activities

Page 4

CHANCE CHANGING LIVES

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance (continued)

The Community Pantry

The Community Pantry was opened in October 2018 from our registered premises at 11-13 Coronation Crescent Crewe, premises kindly leased to us by The Guinness Partnership. Families and individuals are referred from agencies including Citizens’ Advice, Cheshire East Family Centres, Health Visitors, foodbanks, National Probation Service, schools and GPs. Membership is prioritised for people experiencing severe financial difficulties, struggling to heat their homes and eat, finding themselves in debt. In addition to the provision of food and essential household items, members receive debt advice which includes speedy referral to Pennysmart, a debt service agency that is approved by the Financial Services Authority. Our volunteers supplement this service by offering financial and benefit mentoring.

Membership

Members register with the Pantry for 13 weeks to manage budgets and/or debts and select food each week at vastly reduced costs. The service enables members to shop with dignity whilst accessing services to assist their financial and social recovery. If members engage with our service and still require support, a further 13 week programme can be agreed followed by reassessment. If members no longer need our service, or have decided not to attend, membership is ended, enabling additional members to join.

The table below describes the numbers of people who have benefited from the service and provides a comparison with the previous year.

Supporting Children out of Poverty

CHANCE has supported the 222 children of our members throughout the year with special gifts during the Easter holidays and at Christmas. With the support of local businesses (led by John Pass Jewellers), and funding from The Julia and Hans Rausing Trust, the younger children were given wrapped Christmas gifts comprising ageappropriate educational books, advent calendars and selection boxes. During Easter, chocolate eggs were distributed to all. Our free fresh fruit and vegetable offer supports improved health and wellbeing. When donations allow, we share free toothpaste and toothbrushes, books and educational toys. Period products are provided free of charge.

Page 5

CHANCE CHANGING LIVES

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance (continued)

Throughout the year, in partnership with our charity colleagues at The Wishing Well Project, we delivered several 6 weekly cookery courses. Here we work with adults to cook highly nutritious meals, using slow cookers and encouraging the introduction of recipes packed with vegetables. On completion of the course, we were pleased to provide the successful ‘cooks’ with a Certificate of Attendance, an apron, cookery book and a slow cooker. This project was sponsored by Bentley in collaboration with the Cheshire Community Foundation.

b. Sources of Support and Income

Volunteers

The impact of Chance Changing Lives is hugely dependent on the recruitment and commitment of our talented and loyal pool of 44 volunteers who are supported by the six trustees. The enthusiasm, determination and diverse skills of our volunteers are critical to the ongoing success and growth of the charity. During this, our seventh year, we have seen Chance diversify, adding additional services e.g. cookery club, referrals for fuel vouchers and food vouchers, plus free slow cookers. We have introduced a budget coaching service to assist our service users to manage their income and expenses in a balanced way, where this is possible. We review the financial position of each of our registered families every 13 weeks to ensure that they are making the most of the services that we offer and to facilitate referral to additional services that they may benefit from. During the last twelve months we have referred 51 families to Pennysmart for specialist financial advice and a further 43 of our families have left the service as their circumstances have significantly improved and they no longer needed us. We continue to value our volunteers and invest time, effort and resources in their development, to enable them to feel confident in their roles and to continue to contribute to the success of the charity and the wider community. During this financial year we recruited a further 7 volunteers. All our volunteers are DBS checked and undertake a range of initial training modules in food hygiene, safeguarding and health and safety regulations.

Page 6

CHANCE CHANGING LIVES

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance (continued)

Key Funders

The support of our donors and funders has been essential to the continuation of our service and the introduction of additional activities. During this year we have enjoyed financial support from key funding streams as set out in the table below which describes how funding has been spent:

Funding Providers

Page 7

CHANCE CHANGING LIVES

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance (continued)

Additional Funding & Practical Support

Additional funding and other practical support has been generously provided by local businesses, churches, schools and trade union branches and many more, as follows:

Additional sources of Funding

Page 8

CHANCE CHANGING LIVES

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance (continued)

Individual Donations

The charity continues to enjoy an active following of individual sponsors who donate generously via PayPal, Enthuse, Benevity, Facebook or directly into our bank account. We remain incredibly grateful for their essential support; it is a fact that the residents of South Cheshire have given to us generously throughout the last seven years. Genuine and sincere thanks are extended to the support of these individuals who enable the work to continue, especially during the huge and prolonged cost of living crisis that has impacted everyone and has placed an unprecedented demand on our services.

Page 9

CHANCE CHANGING LIVES

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Financial review

a. Financial review

The level of income and expenditure during this financial year has resulted in net income of £64,665 (2024: £91,209). The total funds at year end stood at £412,786 (2024: £348,121) of which £49,852 was restricted (2024: £31,901).

b. Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months expenditure, which remained at the same level as the prior year, at £65,000 (2024: £65,000) . This is held within a separate designated 'Restructuring' fund but is included within the free reserves figure below. 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. In addition to this minimum reserves required also includes the dissolution fund, which would cover the costs of winding the charity down should it ceased to exist. The Dissolution Fund currently stands at £2,305. This level of reserves has been maintained throughout the year.

A transfer has been made of £125,000 into the designated property fund. This is in recognition that the designated savings have not been increased for sometime and the likely cost of premises will significantly more than previously considered.

Free reserves are made up of the unrestricted funds, less any designated funds not set aside for the purpose of free reserves and any unrestricted fixed assets. This represents the available funds that can be accessed at short notice if required. The free reserves level at the year end were £73,750 (2024: £155,060 restated). Trustees feel that this level is appropriate to ensure continuity of service in view of variable receipts, funding levels and the uncertain times that we are operating in.

c. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Page 10

CHANCE CHANGING LIVES

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Structure, governance and management

a. Constitution

CHANCE Changing Lives is a charitable incorporated organisation (CIO) and governed by a written constitution. Board meetings take place once per month and a full set of notes record all discussions and decisions made. The constitution has been approved by the Charity Commission and utilises the Commission’s model foundation CIO governing document.

b. Organisational structure and decision-making policies

Chance Changing Lives is now in its eighth year, becoming a registered charity on 17 April 2018 (charity number 1177984). During that time the Board has evolved and continues to respond to the growing demands on the charity. Board meetings take place once per month and throughout this financial year, the board of trustees is as described in the table below.

Trustees of the Charity during 2024-25

From its conception, the charity operated entirely with volunteers, but due to the growth of the charity and the increased numbers and diverse needs of service users, in April 2021, the first paid employee was appointed. The Board of Trustees is suitably proud of its current workforce which now comprises 4 part time, permanent, paid employees, all of whom do a remarkable job in developing and managing the growing demands placed upon them. The following table shows how the responsibilities are allocated across the organisation.

Page 11

CHANCE CHANGING LIVES

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Structure, governance and management (continued)

Organisational Structure

The charity now supports over 300 people each week, many of whom have found themselves in new and desperate circumstances, no longer able to afford food and basic household essentials. Amongst our numbers each week, a growing proportion of people are in work and unable to balance food and household costs, like rent and mortgages. The members of staff, together with our team of volunteers have responded with dignity and respect to the growing and ever-increasing diverse needs of our service users.

Page 12

CHANCE CHANGING LIVES

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Structure, governance and management (continued)

c. Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Constitution.

In appointing trustees, the constitution states that:

Retirement/Removal of Trustees

When considering the retirement or removal of trustees, the constitution requires that a trustee ceases to hold office if he or she:

Additional Terms

It is possible to serve more than one term as a trustee. The constitution makes the following provisions:

None of the trustees has any beneficial interest in the charity.

d. Policies adopted for the induction and training of Trustees

The charity had a dedicated a ‘Selection and Recruitment Policy’. Where the board agrees there is a vacancy a job description and person specification are developed for the role to fill any skills gaps as deemed necessary. The available role is advertised externally and internally to current volunteers. Applicants are shortlisted, interviewed and where appropriate, two references are sought. On receipt of satisfactory references, appropriate level of DBS check is completed. The satisfactory candidate is appointed and registered with the charity commission. This is followed with an induction programme; ID is issued, and appropriate IT training and support is provided.

Page 13

CHANCE CHANGING LIVES

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Statement of Trustees' responsibilities

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 Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable 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 Constitution. 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.

Approved by order of the members of the board of Trustees and signed on their behalf by:

................................................ Sandra Link (Chair of Trustees) Date:

Page 14

CHANCE CHANGING LIVES

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025

Independent Examiner's Report to the Trustees of CHANCE Changing Lives ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2025.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) 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:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed:

SJ Tweedie

Dated: 1 July 2025 BSc FCA DChA

WR Partners Chartered Accountants Belmont House Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG

Page 15

CHANCE CHANGING LIVES

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Note
Income from:
Donations and legacies
3
Charitable activities
4
Investments
5
Other income
6
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2025
£
119,855
-
-
-
119,855
1,275
100,629
101,904
17,951
31,901
17,951
49,852		 Unrestricted
funds
2025
£
50,584
16,828
9,150
375
76,937
135
30,088
30,223
46,714
316,220
46,714
362,934		 Total
funds
2025
£
170,439
16,828
9,150
375
196,792
1,410
130,717
132,127
64,665
348,121
64,665
412,786		 Total
funds
2024
£
192,698
20,803
7,177
-
220,678
1,270
128,199
129,469
91,209
256,912
91,209
348,121

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 18 to 32 form part of these financial statements.

Page 16

CHANCE CHANGING LIVES

BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2025

Note
Fixed assets
Tangible assets
13
Current assets
Debtors
14
Investments
15
Cash at bank and in hand
Creditors: amounts falling due within one
year
16
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Restricted funds
17
Unrestricted funds
17
Total funds		 -
146,107
247,735
393,842
(13,240)		 2025
£
32,184
32,184
380,602
412,786
412,786
49,852
362,934
412,786		 1,309
62,435
270,593
334,337
(4,026)		 As restated
2024
£
17,810
17,810
330,311
348,121
348,121
31,901
316,220
348,121

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

................................................ Sandra Link (Chair of Trustees) Date:

The notes on pages 18 to 32 form part of these financial statements.

Page 17

CHANCE CHANGING LIVES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. General information

CHANCE Changing Lives is a registered charity (number 1177984) and the first Board was formed in April 2018. The charity is based in Crewe, Cheshire and their mission is to reduce homelessness, social exclusion, promote dignity and enable people to grow and realise their potential.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

CHANCE Changing Lives meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants, including government grants, are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

2.3 Expenditure

Expenditure is recognised once there is a legal 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 undertaking each activity. 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 staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

Page 18

CHANCE CHANGING LIVES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.4 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Long-term leasehold - 10% straight line
improvements
Motor vehicles - 25% reducing balance
Fixtures and fittings - 33% straight line
Computer equipment - 33% straight line

2.6 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.7 Current Asset Investments

Current Assets Investments consist of fixed term deposit account held at market value.

2.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Page 19

CHANCE CHANGING LIVES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.10 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.11 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

2.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income is allocated to the appropriate fund.

Page 20

CHANCE CHANGING LIVES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

3. Income from donations and legacies

Government grants
Cheshire NHS
Crewe Town Coucil
Shavington Parish Council
Cheshire East
Government grants total
Donations
Other Grants
Subtotal
Total 2024		 Restricted
funds
2025
Unrestricted
funds
2025
£
£
-
-
6,000
-
950
-
10,000
-
16,950
-
-
50,584
102,905
-
102,905
50,584
119,855
50,584
115,467
77,231		 Total
funds
2025
£
-
6,000
950
10,000
16,950
50,584
102,905
153,489
170,439
192,698		 Total
funds
2024
£
18,525
4,439
-
-
22,964
76,176
93,558
169,734
192,698

4. Income from charitable activities

Unrestricted
funds
2025
£
Income from provision of Pantry for service users
16,828
Total 2024
20,803		 Total
funds
2025
£
16,828
20,803		 Total
funds
2024
£
20,803

The income from provision of the Pantry to service users was treated as a trading activity in the prior year. This has been reclassified to income from charitable activities.

Page 21

CHANCE CHANGING LIVES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

5. Investment income

Interest receivable Total 2024

----- Start of picture text -----
Unrestricted Total Total
funds funds funds
2025 2025 2024
£ £ £
9,150 9,150 7,177
7,177 7,177
----- End of picture text -----

  1. Other incoming resources
Unrestricted Total Total
funds funds funds
2025 2025 2024
£ £ £
Profit on disposal 375 375 -

  1. Expenditure on raising funds

  2. Costs of raising voluntary income

Costs of raising voluntary income
Total 2024		 Restricted
funds
2025
Unrestricted
funds
2025
£
£
1,275
135
991
279		 Total
funds
2025
£
1,410
1,270		 Total
funds
2024
£
1,270

Page 22

CHANCE CHANGING LIVES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

8. Analysis of expenditure on charitable activities

Summary by fund type

Charitable activities
Total 2024		 Restricted
funds
2025
Unrestricted
funds
2025
£
£
100,629
30,088
118,283
9,916		 Total
2025
£
130,717
128,199		 Total
2024
£
128,199
  1. Analysis of expenditure by activities
Charitable activities
Total 2024		 Activities
undertaken
directly
2025
£
122,248
120,349		 Support
costs
2025
£
8,469
7,850		 Total
funds
2025
£
130,717
128,199		 Total
funds
2024
£
128,199

Page 23

CHANCE CHANGING LIVES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

9. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Depreciation
Food and household items
Rent
Water
Light and heat
Insurance
Phone
Repairs and renewals
Motor expenses
Volunteer expenses
Service user costs
Service providers
Total 2024		 Charitable
activities
2025
£
50,630
10,442
16,062
6,358
455
14,452
1,651
955
153
3,656
4,642
12,792
-
122,248
120,349		 Total
funds
2025
£
50,630
10,442
16,062
6,358
455
14,452
1,651
955
153
3,656
4,642
12,792
-
122,248
120,349		 Total
funds
2024
£
43,449
6,222
26,137
5,519
600
8,156
304
639
107
2,181
6,140
20,845
50
120,349

Page 24

CHANCE CHANGING LIVES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

9. Analysis of expenditure by activities (continued)

Analysis of support costs

Charitable
activities
2025
£
Bank charges
1,077
Print, post and stationery
1,839
Sundry expenses
2,583
Independent examination costs
2,070
Other professional fees
900
8,469
Total 2024
7,850
10.
Independent examiner's remuneration
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts		 Total
funds
2025
£
1,077
1,839
2,583
2,070
900
8,469
7,850
2025
£
2,070		 Total
funds
2024
£
640
1,617
1,783
2,490
1,320
7,850
2024
£
1,890

11. Staff costs

Wages and salaries
Contribution to defined contribution pension schemes		 2025
£
49,852
778
50,630		 2024
£
42,638
811
43,449

The average number of persons employed by the Charity during the year was as follows:

2025 2024
No. No.
Employees 4 2

Page 25

CHANCE CHANGING LIVES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

11. Staff costs (continued)

No employee received remuneration amounting to more than £60,000 in either year.

Total remuneration for the highest paid employee amounted to £17,312 including gross wages and employer pension contributions (2024: £20,156).

12. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).

During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL).

13. Tangible fixed assets

Cost or valuation
At 1 April 2024
Additions
Disposals
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
On disposals
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Long-term
leasehold
improvements
£
17,445
-
-
17,445
5,232
1,744
-
6,976
10,469
12,213		 Motor
vehicles
£
8,000
26,940
(8,000)
26,940
4,625
6,735
(4,625)
6,735
20,205
3,375		 Fixtures and
fittings
£
16,427
81
-
16,508
15,503
924
-
16,427
81
924		 Computer
equipment
£
2,266
1,170
-
3,436
968
1,039
-
2,007
1,429
1,298		 Total
£
44,138
28,191
(8,000)
64,329
26,328
10,442
(4,625)
32,145
32,184
17,810

Page 26

CHANCE CHANGING LIVES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

14. Debtors

Due within one year
Prepayments and accrued income		 2025
£
-
-		 2024
£
1,309
1,309

15. Current asset investments

As restated
2025 2024
£ £
Unlisted investments (liquid) 146,107 62,435

Investments have been restated during the year to current asset investments.

16. Creditors: Amounts falling due within one year

Other taxation and social security
Other creditors
Accruals and deferred income		 2025
£
1,670
-
11,570
13,240		 2024
£
1,990
146
1,890
4,026

Page 27

CHANCE CHANGING LIVES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

17. Statement of funds

Statement of funds - current year

Statement of funds - current year
Unrestricted funds
Designated funds
Restructuring
Property fund
Cyclical Maintenance fund
Dissolution
General funds
General Funds
Total Unrestricted funds
Restricted funds
General Core Costs excluding salaries
Pantry (Core costs)
Food (Both svcs)
Kitchen only core and food
Service User items
Other restricted grants
National Lottery 3 year fund RC North
West Region - Salaries and Training
Total of funds		 Balance
at 1 April
2024
£
65,000
125,000
6,350
12,000
208,350
107,870
316,220
3,158
-
10,222
226
601
-
17,694
31,901
348,121		 Income
£
-
-
-
-
-
76,937
76,937
-
40,960
2,000
20,385
-
7,200
49,310
119,855
196,792		 Expenditure
£
-
-
-
-
-
(30,223)
(30,223)
-
(25,883)
(9,836)
(4,729)
(601)
(7,000)
(53,855)
(101,904)
(132,127)		 Transfers
in/out
£
-
125,000
650
(9,695)
115,955
(115,955)
-
-
-
-
-
-
-
-
-
-		 Balance
at 31
March
2025
£
65,000
250,000
7,000
2,305
324,305
38,629
362,934
3,158
15,077
2,386
15,882
-
200
13,149
49,852
412,786

Page 28

CHANCE CHANGING LIVES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

17. Statement of funds (continued)

A transfer has been made of £125,000 into the designated property fund. This is in recognition that the designated savings have not been increased for sometime and the likely cost of premises will be significantly more than previously considered.

Funds comprise of:

Restructuring: This fund is to be used to cover essential trading/activities whilst sourcing income to a maximum of six months budgeted trading activity and will include staff salaries.

Dissolutions fund: provides for the cost of dissolution should the charity be unable to continue. It should only be used in the event of the Trustees’ deciding the charity should cease to exist. It will be used to pay notice periods, redundancies.

Cyclical maintenance: fund to be used for major items of maintenance of the fabric of the buildings such as redecorating the interior and exterior

Property fund: funds set aside towards the cost of a new property when identified.

Restricted funds:

The restricted funds have come from a variety of different sources and generous supporters. They are split into funds according to the purpose for which they were given, as shown in the table above.

The Core costs restricted funds are composed of a variety of seperate grants received to fund various aspects of core costs.

Page 29

CHANCE CHANGING LIVES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

17. Statement of funds (continued)

Statement of funds - prior year

Statement of funds - prior year
Unrestricted funds
Designated funds
Restructuring
Property fund
Cyclical Maintenance fund
Dissolution
General funds
General Funds
Total Unrestricted funds
Restricted funds
General Core Costs inc salaries
General Core Costs ex salaries
Pantry (Core costs)
Food (Both svcs)
Kitchen only core and food
Service User items
Mental health
Volunteer costs
Other restricted grants
National Lottery 3 year fund RC North
West Region - Salaries & Training
National Lottery Cost of Living fund		 Balance at
1 April 2023
£
55,600
125,000
5,250
7,500
193,350
27,854
221,204
229
7,425
-
15,392
4,495
1,367
6,597
203
-
-
-
35,708		 Income
£
-
-
-
-
-
105,211		 Expenditure
£
Transfers
in/out
£
Balance at
31 March
2024
£
-
9,400
65,000
-
-
125,000
-
1,100
6,350
-
4,500
12,000
-
15,000
208,350
(10,195)
(15,000)
107,870
(10,195)
-
316,220
(229)
-
-
(8,767)
-
3,158
(1,500)
-
-
(16,903)
-
10,222
(8,269)
-
226
(2,205)
-
601
(25,122)
-
-
(203)
-
-
(4,780)
-
-
(28,965)
-
17,694
(22,331)
-
-
(119,274)
-
31,901		 Balance at
31 March
2024
£
65,000
125,000
6,350
12,000
208,350
107,870
316,220
221,204 105,211 -
229
7,425
-
15,392
4,495
1,367
6,597
203
-
-
-
35,708		 -
4,500
1,500
11,733
4,000
1,439
18,525
-
4,780
46,659
22,331		 (229)
(8,767)
(1,500)
(16,903)
(8,269)
(2,205)
(25,122)
(203)
(4,780)
(28,965)
(22,331)
(119,274)		 -
-
-
-
-
-
-
-
-
-
-
-		 -
3,158
-
10,222
226
601
-
-
-
17,694
-
31,901
115,467

Page 30

CHANCE CHANGING LIVES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

17. Statement of funds (continued)

Total of funds 256,912 220,678 (129,469) - 348,121

18. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2025
Unrestricted
funds
2025
£
£
-
32,184
49,852
343,990
-
(13,240)
49,852
362,934		 Total
funds
2025
£
32,184
393,842
(13,240)
412,786

Analysis of net assets between funds - prior year

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Endowment
funds
2024
£
-
(62,435)
62,435
-
-		 Restricted
funds
2024
£
-
-
31,901
-
31,901		 Unrestricted
funds
2024
£
17,810
62,435
240,001
(4,026)
316,220		 Total
funds
2024
£
17,810
-
334,337
(4,026)
348,121

19. Pension commitments

The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £778 (2024 - £811) An amount of £NIL was payable to the fund at the balance sheet date and is included in creditors (2024: £146).

Page 31

CHANCE CHANGING LIVES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

20. Related party transactions

The CHANCE Changing Lives has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the CHANCE Changing Lives at 31 March 2025.

Page 32