CHANCE TO CHANGE FOUNDATION Company number". 12071926 Re8lstered charity no: 1189198 Annual Report and Financial Statements for the year ended 30 June 2023
once to Chortoe Foundotlon Compt7ny fto.. 12071926 Otrurtyno.. 1189198 Annual Report of the Trustees The Trustees are pleased to present their report on the activities of the Chance to Change Foundation I'the Foundation'l covering the perlod l July 2022 to 30 June 2023. Objectlves and Actlvltles The Foundation's charitsble objects are set out in its Memorandum and Articles ofAssociation, whlch state that.. The Objects of the Charity are. for the publTrc benefit. to prornote the care. resettlement and rehabilitation of offender5 and ex-offenders and the preventlon of crime in particular but not exclusively by providing educatlonal and awards programmes wtthin wisons and by acting as a resource for those people on leaving prison.. Achlevements and Perforniance After making Its first grant In 2022 to support a INe music project at HMP Pentonville called Muslc In the Vllle. the Foundation was proud to support more Innovative and much valued projects at HMP Pentonville in 2023. These included provldlng professional trauma counsellin8 to prisoners inside the prlson. The Foundatlon also made tts first ever grant to an Individual, supportln8 a former prlsoner with travel costs to a professional trainin8 course. The Foundatlon also focussed a great deal of effort on preparln8 for a malor new initlatlve whlch will launch In 2024, the establishment of a bicycle repair workshop and tralnlng fac115ty at HMP Pentonville. Flnanclal Revlew and Rr¥e$ Polky 2023 saw the Foundatlon successfully raise funds from three new Institutlonal and corwrate donors. Thls new fundlng will support a significant Increase in the Foundatlon's charltable actlvltles at HMP Pentonville in 2023124. Thanks to these new donations. at the end of the flnancial yearthe Foundation held cash reserves of £43.53212022' £4,953). all of whlch was available to fvnd fvture activities In furtherance of Its charltable objects. The Trustee5 gratefully acknowledge the generous flnanclal support of the SaTd Foundation. the Goldsmlths, Company Charity. and Eden Gardens Entertainment Ltd. stUre. Governance and Manwment At the end of the period the Board had three members: Mr Jonathan Aitken. Mr Shaffiq Din, and Mr Daniel Bird Iwho acted as the Chairman). As a small charity in its start-up phase, the Foundatlon is managed and run by its Trustees. who a unremunerated. Publlc B¢nefft The Trustees have complied wlth the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidan on public benefit. The Trustees consider that the Foundation's aim to promote the care. resettlement and rehabilitation of offenders. and therefore foster a reduction in reoffendin& supports 111 the advancement of citizenship or communlty development and121 the advancement of education. both of whTrch are'public benefits. as defined In the Act.
unce to Chonge Foundotlon CompGnyno.' 12071926 Ojurttyno." 1189198 Approval and Sl8nature Thrs report was approved by the Board of Dirertors on 25 March 2024 and signed on its behalf by: Danlel Blrd Dlrector arTrd Trustee
(*t7nce to Chonge Foundotlon Componyrto.. 12071926 orAtyRo." 1189198 Reference and Administrative Informatlon Company re8iStratlon numhr 12071926 Charfty re8lstrntion number 1189198 Registered office address 83 Barkston Gardens London SW5 OEU United Kingdom Board of Trustees Rev Jonathan Attken Mr Shaffiq Dln Mr Daniel Blrd Bankev$ Natwest 66-68 St John's Road London swii ipz
ance to Foundotion Cornponyno.. 12071926 Ofrarltyno.. 1189198 Independent Examiner's report on the accounts to the Trustees of the Chance to Change Foundation Responslbllltle5 and basts of report I report to the Trustees on my examination of the accounts of the chan to Change Foundatlon 1.the chariv) forthe year ended 30June 2023. As the charitvs trustees Ivtho are alx) the dlrectors of the company forthe purposes of company lawl. you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2LKIfj 1.the 2CX)6 A). Having satlsfied myself that the accounts of the Company are not required to be audited for thls year under Part 16 of the 2CL16 Act and a eligible for Independent examination, I report In SpeCt of my examination of your chariws accounts a5 carried out under section 145 of the Charities Art 20111.the 2011 Act'l. In carrylng out my examlnation, I have followed the Dlrections 8r¥en by the Charlty Commission under sectlon 145151{b) of the 2011 Act. Ba$ls of Independent examlnerfs statsment My examination was carrled out In accordance wlth Beneral Dlrecttons given by the Charity Commission. An examination Includes a revlew of the accountin8 records kept by the charity and a comparison of the accounts presented wlth those records. It also includes consideration of any unusual items or dlsclosures In the accounts and seekin8 explanation5 from the trustees toncernlng any such matters. The procedures undertaken do not provide all the evidence that would be requlred In an audlt, and consequently no oplnlon Is 8l¥en as to whether the accounts present a 'true and falrf vlew, and the report Is Ilm5ted to those matters set out in the statement below. Independent examlnerfs statement I have completed my examination. I confirm that no materlal matters ha* come to my attentlon In connection with the examination which 8ive me cause to believe that In, any materlal respect: the accounting CordS were not kept in accordan with section 130 of the Charitles Act,. or • the accounts did not accord wlth the accountlng records: or the accounts dld not comply with the applicable requirements concernin8 the form and content of accounts set out in the Charitie5 (Accounts and Reports) Regulations 2CXJ8 other than any requirernent that the accounts give a 'true and fairf view which is not a matter consldered as part of an independent examination. I have no concerns and have come across no other matters In connectlon wFth the examination to which attention should be drawn in this report In order to enable a proper understandlng of the accounts to be reached. Signed: lol 2024 Mr Benjamln Wllllam Tho a5 Dugmore
(Jgnce to Chonge Fwndatlort Qjmponyno.. 12071926 Chorityno.. 1189198 Cha to Change Foundatlon Statsment of financial Artivitles iOrPOratIng Income and Expendlture Account for the year ended 30 June 2023 Re5tr1rted Unr¢strfrted Funds Funds Total 2023 Total 2022 In¢ome from: l)onations and le8acles Total Incom¢ 11,880 11,880 31,OLKJ 31,1 42,880 41880 5,100 5,100 Expendlture on: Ralslng funds Charltable actlvltle5 Total expendlture 12,5651 {1,7491 4,314 12.565) 11,749) 4,314 11041 12,0831 2,187 Net Income 26,686 3866 2,913 Net movement In fvnds for the y•ar 26,686 38,566 2,913 Reconclllatlon of funds Funds brou8ht foThvard 4,966 2,053 Funds carrl¢d forward JO June 11080 31.652 43,532 4,966 The statement of flnancial activTrties includes all Balns and losses recognlsed In the year. All Income and expenditure derive from continulng actlvitle> The notes on pages 7 to 9 form part of these flnancial statements.
Chonce to thonge Foundutton Compony no.. 12071926 Orurltyno.. 1189198 Chance to Chaft8e Foundation Balano Sheet a5 at 30 June 2023 2023 2022 Nots Flxed assets Totsl flxed assets Current assets Debtors. prepayments and accrued income Cash at bank and in hand Total current assets 43,532 43.532 4,966 Llabllltle$ Creditors falling due withln one year Net assets 43.532 4.%6 Funds of the chartty Restricted funds Unrestricted income funds 11,880 31,652 4,966 Total charlty funds 43,532 4,%6 For the perlod ended 30 June 2023, the Company was entltled to exemptlon from audlt under sectlon 477 of the Companles Att 2006 rdating to small companles. The member has not qUIred the Company to obtsln an udlt of Its accounts for the perlod In questlon In Jccordano wlth sectlon 476. The Director5 aCkno%ed1 thdr responslbllltle5 for compfying tlth the reqUIrnts ofthe Act wlth respect to a¢countSng records and the pparatIOn of accounts. The accounts have been prepared In accordance wlth the prov5slons appllcable to companies subject to the small companles, regime. The Flnancial Statements on pages 4 to 8 were approved bythe Board of Dlrertors on 25 March 2024 and slgned on Its behalf by.. Danlel Blrd Dlre¢tor and Trustee
once to Change Foundatton Company no.. 12071926 Chorityno.. 1189198 ChaKe to Change Foundatlon Notes to the Financial Statements for the year ended 30June 2023 Accountlnz Polkles Ba$ of prep•ratlon The flnanclal statements have been prepared in accordance wlth Accountlng t7nd Report4 by Ojarltles.. Stotement of Recommended Pn7rtice opplicoble to chorities preparing their occounts In occordunce wlth the Financial Reportln9 Stgndardopplicuble In the UK ond Republic of Ireland (FRS 102). the tharltles Act 2011 and UK Generally AccÈpted AccountlnB Practlo. The charity meets the definition of a 'public benefit entity, under FRS 102. The flnandal statements are Prepared under the hlstorlc cost conventoon except where othen¥lse stated. The malorlty of the Foundauon's assets arKI Ilabilltles are denomlnated In Pounds Sterllng. The functlonal ¢urrency of the Foundation 15 therefore consjdered to be Pounds Sterllng and the Flnandal Ststements are presented In that currency. Income Income Is recognlsed when the charity has eniitlement to the funds. It is probable that the income will be recelved and the amount can be Measured rdiably. The full analysis of Income 15 shown In the Statement of Flnanclal Activitles. Glft rè¢elwdble Is recoBnlsed lthen the donor makes a donatlon wlth a valld Glft Ald declaratlon. Glft Ald recelvable but not yet clalmed at yearnd is accounted for as accrued income. Any Glft Ald welved In respect of a donatlon Is credlted to the same fund as the Inltlal donatlon unless the donor or the terms of the appeal have speclfled otherwlse. IA Expendlture and Irr•¢0¥ernb VAT Expendlture 15 recognlsed once: there Is a legal or constructlve oblatlon to makn a payment to a thlrd party arbsing from a past event- It Is probable that sethement wbll be reqUId. and the amount of the obli8ation can be measured rellabty. Expenditure relates elther to ralsing fund5 (the costs assoclated wlth fundralsSn8101 to charltable a¢tlvlties Igrants made to the Hun8arian Foundation along with the 5UPPOrt and governance costs assoclated wlth provldln8 those The tharbty Is not re8iStered for VATand Irretoverable VAT15 therefore tharged as a cost a8alnst the actlvlty for whlch the expenditure was Incurred. IA. Debtors Debtors Ilndudin8trade debttys and loans recefvablel are rneasured on Inltlal reco8nltlon atthecash settlement amount after any trade dlscounts or amounts advanced by the chadty. Subsequently, they are measured at the value of the cash or other consideration expected to be received. Golng ¢on¢ern The Board has revlewed the Foun(Jatiorfs forecast intome and expenditurefor the comln8 period. In the current 'start up, phase, all the Foundation's expenditure is disuetlonary. so the modest level of cash reserves Is not considered a risk. Combined with the prospett of significant new donations in the year ahead. the Trustees have therefore concluded that it is appropriate to continue to adopt thegoing concem basis in preparing the flnanclal statements.
ance to Chortge Foundo(It Compjny f.. 12071926 thorttyno.. 1189198 Chance to than8e Foundatlon Notes to the Flnanclal Statements for the year ended 30June 2023 Analysls of wendlture on dbarltable acti¥ltles Restrlcted Unrestrlc Funds Funds 2023 2023 Total 2023 Totsl 2022 stsff and admlnistrative costs Dlrett charitable expendlture Grants to Individuals Grants to Institutions Total 15211 16501 15781 {521) (650) 1578} 11,0831 11,(NxJi 1.748 1.749 Remunerntlon of staff• Trustees and key management personnel Durln8 the year. the charlty had no pemianent paid employees. There were no key management personnel, and no employee received a salary In excess of £60,OLTh). The average monthly headcount was nll. The charlty's Trustees We not paid any remuneratlon nor ceIved any other benefits from the charity or any related entity- Trustees are entitled to reimbursement for reasonable travel costs Incurred in the course of their dutles. No such 0Mbursements were made In 2023. The charity did make payments to two temporary members of staff during 2023. The flrst was a part- time bookkeeper and admlnlstrator {Included In the 'Staff and admlnlstratlve Cost Ilne wlthln 'Expenditure on charitable actNities'). The second was a professional fvndraiser who vmrked on major fundraisin8 bid to the Goldsmiths, Foundation (included in 'Expenditure on ralslng funds'l. Cash at bank and In hand 2023 2022 Cash at bank and in hand Total 43,532 43,532 4,966 All of the charivs cash was held in a Sterling currentaccount with no notlce perlod orother restrictlon on the Trustees, ability to draw down on the balan.
Chonce to Chonge Foundot1017 Componyrto.. 12071926 ChuTrtyno.' 1189198 Cha•Ke to Change Foundatlon Note5 to the Flnandal statements for the year ended 30June 2023 Analys1$ of charitable fvnds Current accountlng perfod Balanc• Balance Income Expenditure 3Q06.23 01.0722 Unrestricted Income fund Gold5miths' restricted fund Total funds 4,966 31,OCX) 43,532 11,880 11,880 4.966 42,880 43.532 4314 14,3141 Prevlous acc<wntlng perlod Balanc• 01.07.21 Balan 30.06.22 Income Expendlture Unrestrlcted income fvnd Totsl funds 2.053 1053 5,lThJ 5,1 12,1871 2J87 4,966 4,966 The unrestrlcted Income fund Is used to meet the costs of all charitable actfvltles, as well as other operatlonal and fundralsln8 tosts. The Goldsmlths, restrlcted fund holds the proceeds of a grant awarded to the Foundatlon by the Goldsmiths. Company Charity. The donor has restrlcted these fvnds such that they can be spent solelv on the creatlon of a blcycle repalr workshop and trainln8 facility at HMP Pentonvllle.