PERFECT CHANCE FOUNDATION ANblUAL REPORT and FINANCtAL STATEMENTS FOR THE YEAR ENDNG 31 MARCH 2024 Registered Charity No. 1192093
PERFECT CHANCE FOUNDATION Annual Report gnd Financial Ststemcnts For the year ended 31 March 2024 Contents Page Trustc¢s' Annual Report Independent Examin¢r's Report ststement of Financi8] Activities Balance Sheet io Notes to the Financial Slatcments 11-13
PERFE CIIANCE FOUNDATION Trustees Annual Report for the year ended 31 March 2024 Th¢ tCeS of P¢rfect Chance Foundation PTesent their Annual Report and Accounts for the year ended 31 March 2024. l. Reference and Administrative Detai15 Name of Charity: Perfect Chance Foundation Charity Number: 17 92093 Registered and Operational Address: 154 Townhall Square Craytord Dartford DAI 4FJ Bankers: Unity Trust B8J)k Planetary Road Willenhall WVI 9DG Independent Examiner: Joseph Setordjie 19 Lueknow StreeL Plumstea LondotL SE18 2SN Trustees: The Irustees who wv¢d during the year to the date of this report were: Posillon Lillian Attipoe- ChrpersOn Linda AdeFor: Secretary Prince Lamia Aryee Sunkwa-mills: Treasurer Michael Martey Member
PERFE CIL4NCE FOUIWIDATION Annual Report for the year ended 31 March 2024 2. Struthire, Governauce and Management Legal Status and Governfing Doeument Perfect Chance Foutmlation is a UK-b&%ed disability support charity. It is governed by its constitution which recently amended on 20 April 2020 for registrdtion as a Charitable IncoryK)rat¢d Organisation (CIO) with the Charity Commission of England and Wales and also to include work in the UK and Ghana The charity has been set up to support the welfare, health. educational and cullural nc¢ds of children, young people and their famili¢s from disadvantaged backgrounds. Its activities cater for carers, low-incom¢ parents, disabled Childre young peopl¢ from difficult backgrounds and families who need support in Dartford, Kent and surrounding borou8h8 in London. United Kingdom and across Ghan& Appointment & Induetlon of Trustees: Trustees form the backbone of our charity. The trustees wbo held office duTxll8 the financiaL year and as at the dat¢ of this report are set out on page 3. As set out in the constitution, trustees are appointed/ elected or co-opted annually by m¢rnbcrs at Annual General Meetings to serve specific tcrnis. All newly ele¢ted trustees are provided with comprehensive induction pack containing the onstitution of Perfect Chance Foundation and the rol¢s and responsibilities of charlty trustees. Newly recruited trustees are oriented, briefed and m¢ntored by cstablished trustees on th¢ir1¢881 obligations under charity law, the content of the constitution. the decision- making process, thc objectives. strategies and recent fllwicial rf0MlcX of the ckwiiy. Oryinisational Strn¢tur¢ Perfect Chance Foundalion is governed by a 4-member Board of .1 rustees which is responsible for setting the strategic direclions and policies of the charity. The board caleS out the ultimate responskbility for the conducl of th¢ charity and for ensuring that the charity satisfies its legal and contractuat obligations. They meet once in every two months to deliberate on issues that are important for the smooth nu)ning of th¢ tharity including risk assessm¢Dt. safeguarding and management accounts. The Board of Tnlstees give their tirne on voluntary basis. They are never paid for their stewardship but are reimbursed for errands undertaken on behalf of the charity. Truslees also appoint pcopl¢ to various committees like finance, fundraisAng. safeguarding. welfare and othS who provide them with much needcd advtce and sw)port in the n]anagement of the clwity's operations. The tne¢S retain the ov¢rall power to establish and irnplement wlicies and procedures to enable the charity achieve its goals.
PERFEcf ClL4NCE FOUNDATION Trnstees Annual Report For tbe year ended 31 March 2024 (eontinued) Major ri5k8 Trustees recognise that any major risks to whith the charlty is exposed need to be rcviewed and sySten]s put in place tr> mitigatc those Tisks. To that en(L trustees of the Perfect Chance Foundation have been continually monitoring and managing its risk registeT and ensuring that action plans are IT] place to mitigate its key risks. Included in external risks is that of funding. At pr¢scnL the main source of funding are donations by friends, familles and th¢ g¢neTal public, evenls and specific fundraising activities. It is time we seek to diversify our funding sources. It is in our plan to start applying to charitable tThs, and statutory fjJnd¢rs, ¢specially IK)cal Authorities and Lottery sources. Internal risks are minimised by the implementation of pff)eedures for the authorisation of all Iransactions and projccts. and by ensuring a consistent quality of delivery For all operational aspects of the charitabl¢ incorporation organisation (CIO). Trustees are periodically reviewing these procedures to ensure tha( tbey still meet the nttds of the charity. 3. Objectivey and Activities: Objects The objects of the charity as set out in the constitution are- To relieve the llceds and advance education of orphans in Ghana by such m¢ans as th¢ trustees may from time to tirAe decide. Tlie charity's scope of operation also includ¢d the Uniied Kingdom, to provide support to families of severely disabled children. to work closely with local authoriti¢s to provide respite breaks to the famili¢s, 518ripost them to services, advoLate for better services and outcomes for them. In view of Ihe above, Perfe¢t Chance Foundation supported by its w)ol of 4 dedicated voluniects in th¥ UK out the following aciivities durIng the year under revlew. Oulreaeh Support Our main project in the year h&8 been outreach support for parents with disabled Chilthen in Dartford, London. Perfect Chance Foundation has been very active in the borough during tbe coStOf living crisis which follow closely after Covid-19 and disoriented 2nany families especially those with children, sev¢rely disabled. The charity or8anised outreach services and activities ID Dartford and surrounding boroughs in London, providing infornydtion. advice and practical support for families catering for severely disabled children and their siblings. Volunteers supported families to access services thcy nd to live independentEy includitig filing fonns for housing, education and health services.
PERFECT CHANCE FOUNDATION Trustees Annual Report For the year endtd 31 Mareh 2024 (eontinued) Advoca Project The clwity's dedicated volunteers worked one-on-one with disadvantsged and disabled familie4 helping them to understand their rights and choices. This rnade it possible for them to speak up and b¢ heard. We provided respite care which helped 43 parents of disabled children to have free time for themselves in the year. We worked in partnership with Dartford Council and other voEunt8ry organisation to signpost families with disabled chilthen lo access services th¢y need to live independently. Day Centre Project In recognition of the difficulties that P8rents with disabled children are facing in Dartford, London, the charity piloted drop-in sessions for 2 days a week for famili¢s in need to come in and access infonnation and advice, take part in activities and share their concerns. As the cost-of living deepcned, the charity organis¢d workshops to cmpower the communtty, especially women, single mother5 With disabled children on personal fllWlC¢ and budgeting. 4. Our plans for the future: Drop-in centre for families experlenelng dl8xdvantAge Perfecl Chance Foundation has und¢rtaken a significant mapping exercise in the year and have identified specific are&8 where it can help to make difference in the lives of severely disabled Childre young people and their families in Dartford, Kent and surrounding boroughs in London, The piLoted day-centre project for families with disabled children and young people hos been very well patroniscd. We have therefore> planned in the year to improve upon and enbance this provision by: Introducing creative activities for both parents and children Establish a loddl¢r's group Train more volunteers in supporting disabled and disadvantaged families. Trustse re¢rultmeDt. We would like to improve capacity of the ¢haTity by increasing th¢ number of irustees and volunteers. and also train and support them to better support our client base. We havc recruited one new trustee in the year to bring our number to 4. At the last trustee meeting in January 2024, members have expres5oJ the need for more trteeS with exp¢Tience in various are of cbarity management including fundraising. We will undertake extensive outreach in the year: to tatk to and engage p¢ople, especiHlly parents who have disabled childr¢n andlor are sympathetic to disability issues to join our management board. Community events We plan to organise weekly and monthly community events like parent days, children at play, the teach¢r and the community. role of orphanage4 etc. in ditferent Communities in Dartfor Kent to promote a sense of belonging and care for disabled and disadvantaged young people.
PERFECT CIIANCE FOiJNDATION For the year qDd•d 31 M#Teh 21Y24 ially thosèwith severely di5ablol childT8ll and yOULig pety, We havc plang In the y&rto orBalli (yJff¢e aTh] te4D]omtyg4 beslthy cooknD8 end bviJ¥ sesSiOJJS 8s w¢ll as walk al taIk d&y3 forfatDili&s expEtirncing disadvalltag¢to socia]i8c with C*th¢rn ittthe somo gituationand lthrnmorn al ]lle8 aff¢¢tiDg them including disability. W8will Introdu yoft pby81¢al aThl¢latr oxerdJe5tO Kage prnts aThJ cbiidT•n Iti]1th pmmoting 8ctiviti. We hav¢ p]8nued to eogage a devewat Volteert0 with ourfvti&aisiDS aotivitie& eype¢ially developing appli¢ations f us so that we w t8P into govemm¢nL Ic¢pJ Qlld ttust We wlll also OT8QDisomoro fiuthi8ing ¢v•uts to enable w support mornprnjects and sustslll our aciivities iDthe comiti8year. SI¢d and 4)provedoll behalf ofthe trust T.illian Attipoe DatE'. 221121W24
PERFEcf CHANCE FOUNDATION dependent Examiner's Report to Tbe Trustses of Perfect Chance Foundation I report to the tnLSte¢s of the charity on my examination of the accounts of the charity for the year ended 31 March 2024 which are set out on pages 9 to 13. Respon$ibAlities and basis of report: As the charity trustees of Perfect Chance Foundatio you are responsible for the preparation of the accowits in accord8nce with the requirements of the Charities Act 201 I I:the Act,). I report Tn respect of my examination of the charity's accounl carried out under Section 145 of the Act. In canying out my examination. I liave followed all applicable Directions 8iv¢n by the Charity Commission und¢r section l45(5)(b) of tbe 2011 Act. Tndependent Examiner'i Statement.. In have completed my examination. I confm that no tnatters have come to my attention in coJ)mection wAth the examination giving me cause to beli¢ve.' l. aceouniing records were not kept as required by section 130 of the Act; or 2. the accounts do not accord with those records; or I have no conccrn5 and have come across no other matters in connection with tlie examination to which attention should be drawn in this report in order to enable a proper underst8ndin8 of the aOuntS be reached Joseph Setordjie 19 Lucknow StreeL Plumstead, London. SEI 8 2SN 22 December 2024
Perfect Cbance Foundation Statement of FinaD¢ial Activities For the Year Ended 3J March 2024 Notes Unrestricted R¢8tricl Funds Funds Total Volunlary IncomefronL' Total 2023 2024 Donations & Legacies Activities for generdttng funds Charitanble activities Total Income 11.650 3,660 11,650 3.660 12,442 4.467 Expenditures Direct charithble costs Governance Costs Total eharltable Expenditure 17,931 17,931 15.349 Net movement of fimds 2,310 2,310 1,908 Totsl funds brought forward Total Funds df as at 31 Mar 2024 018 All of the above trdnsactions are derived from Continuing activiti¢s. All gains and resourLes recognised in the period are included in ihe above. The notes on pages 11-13 fom part of these finBncial statemenls.
Perfe¢t FouDdotbn BR2noe Sh¢rt at31 M4reh 2024 Total Curr0DtOts Crethtor8 94 Not Cur•* kn•tslLl#bllltlt• IY23 1406 .R¢praentsd by: A018 Restiiotsd Totsl funds 3.708 Th#trust¢¢8 attknowledge th¢IrtesponThIlities tot complyinB iylth the requirements of the Charkty conrnioll reWAtion withttspe¢tio otIng rKord¥ alld tke preparatlonof a¢eounts Slglled on beh•lf of All trtl Date: 2JIY2tr24
PERFECT CHANCE FOUNDATION otes to the Fioaneial ststements for the year ended 31 March 2024 l. AceountiDg Policies The principal accounting policies are summarised below. The accounting policies have been applied co]Isistently throughout the year and the preceding year. (a) Basi$ of Preparation The financial statements havc been prepared under the historicat ¢ost conv¢ntion and in accordance with the Statement of Recommended Prdctice (SORP) "Accounting and Reporting by Charities" (r¢vised 2005) and applicable Accounting Standards (b) Fund A¢couDting General funds are allocated between restricted and unrestricted. Unrestricted Funds comprise general funds that are available for use at the discretion of the Trustees in furtherance of the charity's objects and that have not been designated for Otber pU05e8. Re8trlcted Funds are ftmds which are to be used in accordance with specific restriction. The Charity did not have any restrlcted funds in th¢ year. e) Ineomlng Resources These are recognised &8 ineome in the p¢riod in which they are received and included in the Statement of Financial Activitics when. The charity becornes entitled to the resouTce5 The tnjstees are virtually certain they will receive the resources. and The monetsry value can be measured with sufficient reliability, d) Resourcey ExpeDded Reeognition of Expenditure and Liabilitle8 Liabilities are, as soon as th¢re is a1¢8al or constructive obli8ation committing the ¢harity to pay oul resources. Expenditure is Tecognis¢d on an accrual basis as a liability is incurred. Costs ofcharltable Aetlyities These are costs incurred by the charity in the delivery of its activities and services for its beneficiaries. They include both costs that Can be directly allocated to the chty'S activities and costs of an indirect nakn necessary to support these activities. Governance Costs These are costs associated with the governance arrangements of the ¢harity. They include th¢ Costs of preparation and wmination of statutory aunts, thees, Tneelings and the costs of any legal advice and consultancy given to trustees on goverDanc¢ and constitutional n]atters. li
PERFE CHANCE FOUNDATIO NO to the Financial Statements for the year ended 31 March 2024 Fixed A8$¢ts Tangible Fixed Assets for Charity's own use These are capitalised if tbey can be used for more th8n one p¢riod, and cost at lea8t £250. They are valued at cost or, if gifted, at the value to the charity on receipt. A fixed asset acquired fu]ly or partly from a restricted g1 15 included at its full cost of acquisition without netting off the grdnt proceeds and the grant T¢POrted as an income resource. WheTe the use of the asset such acquired is not restricted by the grantor, an amount equal to the grant is transferred into a designated fund to be written off oveT the USefi life of the asset in accordance with the recommendatiODS of SORP 2005, paragraph I 11. Depreciatlon Tangible Fixed Assets are deprlated so as to lte off their costs less any estimated r¢siaual value over their useful liv¢s at tbe following Tates. General equipment Cultural equiprnent 15Yo straight line Computers 15%straight line 150/0 straight line Note 2 Voluntary IDeorne Unrestricted 2024 Totsl 2023 Totsl Donations received Activities for generating funds Charitable Activities 11,650 3,660 12,442 4,467 Note 3. Total Charltable Expeudlture OJTic¢ AdnLinlè*trailon Volunteer Expenses Sessional Workers Workshops and Activities Venue Hire Outreach Trave]Notor Expenses Marketing and Publicity Fundraising Events Postage and Printing Insurance Training Capital Costs Sundries 2024 Total 2,120 1,966 1,540 2,250 2.430 1,164 960 2023 Total 1,919 1,860 1,563 2,175 1,946 1,080 998 893 1,286 844 420 500 1,643 667 420 960 759 108 112 12
Note 4: Goverllance Costs 2024 2023 Accountancy Fees Annual General Meeting DBS Checks Trustee Travel Tolal 780 900 467 422 680 1,117 490 310 Note S: Fixed Assets 2024 Total 2023 Total Compulers Website & Softwarc TotaI 1.495 1.600 Note 6: Current LIAbilities 2024 2023 Accrued Independent Examiners fees Total 300 13