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← Second Chance Ballet Ltd

2025-04-05-accounts

Charity Registration No. NIC108847 (Northern Ireland) Company Registration No. NI686223

SECOND CHANCE BALLET LTD (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

SECOND CHANCE BALLET LTD (A COMPANY LIMITED BY GUARANTEE)

CHARITY INFORMATION

Directors

Chee Shong Soon Eileen McKendry-Gray Mary Robinson

Secretary

Company number

Eileen McKendry-Gray

NI686223

Charity number 108847 Registered office 9 Marine Court Newtownabbey Antrim BT37 OFE

Independent examiner

PGM Chartered Accountants

405 Lisburn Road Belfast BTS 7EW

Bankers

Danske Bank

PO Box 123 Donegall Square West Belfast BT1 6JS

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SECOND CHANCE BALLET LTD (A COMPANY LIMITED BY GUARANTEE)

CONTENTS

Page
Charity Information 1
Trustees’ Report 3-4
Independent Examiner's Report 5
Statement of Financial Activities (including Incomeand Expenditure Account) 6
Balance Sheet 7
NotestotheFinancialStatements 8-11

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SECOND CHANCE BALLET LTD (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees (who are also directors of the charitable company for the purposes of company law), present their report and independently examined financial statements for the year ended 31 March 2025. The trustees confirm that the Annual Report and Financial Statements of the company comply with the current statutory requirements, the requirements of the company’s governing document and the provisions of the Accounting and Reporting by Charities’ Statement of Recommended Practice, applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (effective 1 January 2019). Second Chance Ballet Ltd’s Mission & Vision e To provide accessible classes e To provide opportunities for dancers

Strategic Goals

Programme of Activities for the 24/25 Year We continue to hold regular adult ballet classes, ranging from beginners to experienced including Silver Swans (aged 55+).

We performed a public production of Swan Lake in May 2024 at Stranmillis Drama Theatre. This allowed 45 dancers to performa full-length classical ballet. A production of Coppelia is planned for Oct 2025. Due to the demand for Adult Ballet classes, Second Chance Ballet continue to collaborate with Queens University Sports Centre by providing weekly classes for both beginners and Improver levels.

Going Concern

The trustees have reasonable expectations that the charity can continue its operations for the foreseeable future. For this reason, they continue to adopt the going concern principle in preparing the financial statements.

Risk Management The trustees have assessed the major risks to which the charitable company is exposed, to those relating to the operations and finances of the company and are satisfied that systems and procedures are in place to mitigate exposure to major risks.

Statement of Trustees Responsibilities

The trustees are responsible for preparing the Trustees’ Annual Report and the Financial Statements in accordance with applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under that law the directors and the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of the affairs of the charitable company. In preparing these financial statements the trustees are required to:

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SECOND CHANCE BALLET LTD (A COMPANY LIMITED BY GUARANTEE)

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

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the trustees on 20 November 2025 and signed on their behalf by:

Chee Shofig Soo Chairpérson of the Trustees

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SECOND CHANCE BALLET LTD (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 MARCH 2025

| report to the charity trustees on my examination of the financial statements of Second Chance Ballet Ltd for the year ended 31 March 2025 set out on pages 6 to 11.

Respective responsibilities of Trustees and Examiner

As the charity trustees (and also the directors of the company for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's report

| have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such

matters.

My role is to state whether any material matters have come to my attention giving me cause to believe:

  1. That accounting records were not kept in accordance with section 386 of the Companies Act 2006

  2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the 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

  3. That there is further information needed for a proper understanding of the accounts to be reached.

Independent examiner's statement

| have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and. in connection with following the Directions of the Charity Commission for Northern Ireland, | have found no matters that require drawing to your attention.

Paul McAreavey FCA PGM Chartered Accountants 405 Lisburn Road Belfast BTS 7EW

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Date
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SECOND CHANCE BALLET LTD (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
Funds		 Unrestricted
Funds
2025 2024
Notes £ €
Incoming resources 3 20,911 15,967
Expenditure on:
Charitable activities		 a (15,448) (12,094)
Surplusfortheyear 5,463 3,873
Totalfunds broughtforward at 1 April 2024 9,434 5,561
Totalfunds carried forward at31 March
2025		 11 14,897
————		 9.434
—_-————

The statement of financial activities has been prepared on the basis that all operations are continuing operations.

There are no recognised gains or losses other than those passing through the statement of financial activities.

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SECOND CHANCE BALLET LTD (A COMPANY LIMITED BY GUARANTEE)

BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2025

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|||||||| |---|---|---|---|---|---|---| |2025|2024| |Notes|£|.|£|£| |Current|assets| |Debtors|)|374|330| |Cash|at bank and|in|hand|15,723|10,184| |Total|current assets|16,097|10,514| |Liabilities:| |Creditors:|amounts|falling|due within one year|10|(1,200)|(1,080)| |Net current assets|14,897|9.434| |Total assets|less current|liabilities|14,897|9,434| |Net assets|14,897|9.434| |Total funds|- unrestricted|11|14,897|9,434|

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For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small Companies regime.

The financial statements were approved and authorised for issue by the Board on 20 November 2025 and are signed on its behalf by:

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he@Shong.Soon
Trustee
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Mary Robinson
Trustee
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Company Registration No. NI686223

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SECOND CHANCE BALLET LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1.1. Charity information Second Chance Ballet Ltd is a charitable company limited by guarantee, incorporated in Northern Ireland. The registered office is 9 Marine Court, Newtownabbey, Co Antrim, BT37 OFE and the company registration number is NI686223.

The charity is a public benefit entity as defined by FRS102.

1.2 Basis of preparation

The financial statements have been prepared in accordance with the Companies Act 2006, the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act (Northern Ireland) 2008, and UK Generally Accepted Accounting Practice.

These financial statements have been prepared on a going concern basis under the historical cost convention. The financial statements have been presented in sterling, which is the functional currency of the charity.

The principal accounting policies adopted are set out below.

1.3 Fund accounting

Income includes unrestricted funds. Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the company and have not been designated for other purposes.

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.

1.4 Income recognition All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If the entitlement is not met then these amounts are deferred.

Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example, the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure.

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SECOND CHANCE BALLET LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1.5 Expenditure recognition Ali expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:

irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

1.6 Cash and cash equivalents Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8 Impairment Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

1.9 Provisions Provisions are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

1.10 Foreign currency translation Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate of exchange at the balance sheet date All differences are taken to the profit and loss account.

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SECOND CHANCE BALLET LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1.13 Cash flow statement

The Charities SORP 2019 recommends that cash flow statements should be prepared for larger charitable entities, however the UK accounting guidelines also allow for smaller entities to elect not to produce cash flow statements. Second Chance Ballet Ltd meets the definition of a small entity in terms of the UK accounting standards and the SORP 2019. The trustees have elected not to prepare cash flow statements in terms of provisions allowed to smaller entities.

  1. Judgements and key sources of estimation uncertainty There are no judgements (apart from those involving estimates) which have been made in the process of applying the above accounting policies that have a significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

3. Incoming resources Unrestricted
Funds
2025		 Unrestricted
Funds
2024
. £
Charitable activities 20,611 15,967
Donations 300 -
20,911 15,967
Unrestricted Unrestricted
Funds Funds
4. Resources expended 2025 2024
£ £
Charitable activities
Costumes and props 4,691 5,403
Volunteer training 488 -
Rent 6,863 3,150
Software costs 334 397
Travelling expenses 709 2,247
RoyalAcademy ofDance membership 164 177
Accountancy 1,260 -
Bankcharges 43 47
Insurance 26 151
Advertising 383 -
Websitecosts
Entertaining		 362
125		 282
240
15,448 12,094

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SECOND CHANCE BALLET LTD (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

5. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examination fee of Enil.

6. Trustees’ remuneration

None of the Trustees (or any person connected with them) received any remuneration during the year ended 31 March 2025 (2024 - Enil).

7. Trustees’ expenses

The Trustees received no payments for expenses during the year ended 31 March 2025 (2024 - Enil).

8. Employees

The average number of employees (excluding the directors) during the year ended 31 March 2025 was nil. (2024: nil).

9. Debtors

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|||| |---|---|---| |2025|2024| |£|ad| |Other debtors|374|330|

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oe: eS
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10. Creditors: amounts falling due within one year

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||||||| |---|---|---|---|---|---| |2025|2024| |£|3| |Accruals|and|deferred|income|1,200|1,080| |1,200|1,080|

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11. Analysis of net assets between funds

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|||||| |---|---|---|---|---| |Unrestricted|Restricted|Total| |Funds|Funds|Funds| |£|x|=| |Current assets|16,097|-|16,097| |Current|liabilities|(1,200)|-|(1,200)| |14,897|-|14,897|

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  1. Members’ liability The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £10 each.

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