LloGusign nvelOpe 10: 92C9945WA94902-992A44ACF97F1584 REGISTERED COThtPANY NUMBER.. SC371656 (Seotland) REGISTERED CHARITY rER. SC041351 Tr naudit nancial State ntsf rthe rEn ed31 reh 2025 Chance for an J S Accounting Services Limited li-15 Morninoside Drive EDINBURGH EHIO 5LZ
L)Dcusign knvèiope ID.. 92G9945L-A9A94902-992A44ACF97F1584 bance for ha tsoftbe Year inancial Ststements ed31 rch for Page Chairman's Report Report of the Trustees Independent Examiner's Report ststement of Fin2ncfial Activities Balante Shttt Notes to the Financial Ststements 6 to 10
Docusign Env&iope 10.. 92G9945L-A9A949D2-992A-64ACF97F1584 Ch2ne for Chan Chairnian's Re ort for the Year Ended 31 March 2 Although our PrOeS had been cornpletrd by the end of March 2024. As part of our sustainability plan, it took a further six months to support the trdnsiiion of Chance For Chan*7e Malawi, an internationaI NGO, to Mwayi Osintha a local Tun NGO. This involved the transfer of resttIonS and the maintenance of a skeleton st8ff team to set up the pro.tyrammes that the new orgonisarion had decided to run. By the close of the FY in March 2025. this process was fully complete and as a resul¢ Chance For Change no longer h&8 a presence in Malaw4 bui the new local NGO Mwayi oSind continues to nm programm&s for victim5 ofhuman traffickin" . FY ?024125 has been a year that has seen us coming to an end of our contrathd obligations and fvlfillinty our finaI governance cornmitsnents. Our prOarnmeS in Nepal have been satisfactorily concluded with all expected outputs being either met or exceeded. Whilst it is sad for the orwisation to be ending its wort we be very satisfied with what I been achieved in the past fifteen years in an increasingly challenginor environment for small NGOS. Although. it has been Clear that we never recovered full capacity after the pandemic, we nevertheless managed to achieve notable outcomes for a significant amounr of people in developing countries and can be PToud of that Finally, I would like to wish Greg and Andy the bes¢ of luck their fjJture plans and thank thera for fifteen years of cornmibnent and hard work. Vikram Setia Chairnian, Chance For Change. Page I
Docusign Envèlope ID.. 92L9945C-A9A94902-992A-64AGF97F1584 Chan or Chan ort of the Trust for the Year Ended 31 eh 2025 The tsvstees who are also directors of the tharity for the PLryses of the Companies Act 2006. present their report with the fmancial statements of the charity for the year ended i l March 20?5. The trtLstses have adopted tbe Provisions of Accounting and Reportintr by ChInes." Statement of Recommended Practice applicable to charities prepaTing their accounts in accordance with the Financial Reporting Standard applicable tn the UK 2nd Republic of Ireland (FRS 102) (effective l January 2019). STRUCTURE, GOVERNANCE AND IAGEENr Coverning docun)ent The charity is controlled by its governing documenL a deed of trus¢ and constitutes a limited company, limited by uarantee, as defmed by the Companies Act 2006. REFERENCE AND ADMINISTrATIVE DETAILS Registered Company number SC)71656 (Scotland) Registered Charity number SC041351 Registered office I Ill Drurnlanrig Square Drumlanrig Square Hawick TD9 OAS Trustees Ms E N Onyema Ms K Qui. Cyley-Ruby V Setia Company Secretary A Ashworth Independent EY2miner J S Accountincr SeiCes Lirnited 13-15 MornTngside Drive EDtNBURGH EHIO 5LZ EVENTS SINCE THE END OFTHE YEAR Inforniation relating to events since the end of the yeaT is given in the notes to the finan¢ial statements. Approved by order of the board oftrustees on 25 MCh 2026 and signed on its behalf by: Do¢uSigned by: 9DCS192600334D4... V Setia- TTUStee Ptte 2
Uc>cusign n¥&lope ID: 92L9945C-A9A94902-99W4ACF97F1584 Inde Chan enden for Xatniner's Re han tothe rnstees of I report on the accounts for the year ended i l March ?025 set out on p4(Fes four to ten. Respective responsibilities of trusteos and examiner The ChIty'S trustees are responsible for the preparation of the accounts in accord2nce with the tsrnis of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accourjts (Scotland) Re.oulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(I)(a) to (c) of tbe Accounts Reiwlations does not apply. It is my responsiTrJility to cxzmine the accounts &s required under Settion 44(1)(c) of the Act and to state whether particular mattsrs have come to my attention. BasRs of the independent examiner's report My examination was caied out in accordance with Regulation I l of the Charities Accounts (Scotland) Regulations ?006. An examination includes a review of the accountints records kept by the chaTiry and a comparison of the accounts presented with those recorits. It also includes consideration of any unusual iterns or di5¢1osuTes in the accounts, and seeking explanations from you as trustees concerning any such matteys. The procedures undertaken do not provide all the evidence that would be required in an audiL and consequentIy I do not express an audii opinion on the view given by the accounts. Independent examiner's ststement In connection with my examinatioN no matter has come to my attention . (l) which oives rne reasonable cause to believe thal in any material respecl the requjiements to keep accounting records in accordance with Section 44(IXa) of the ?005 Act and Retrulation 4 of the 2006 Accounts Regulations. and to prepare accounts which accord with the accounting records and to comply with Re.oulation 8 of the 2006 Accounts Re.(latiOnS have not been mel or (2) to which, in my opiniols attention should be drawn in order to enable a proper understonding of the accounts to be reached. June Sinclair CA The Institute of Chartered AccOuntLs of Scotland J S Accounting Services Limited 13-15 Momingside Drive EDINBURGH EHi0 5LZ 25 MaTch 2026
OocLJsign Envelope ID.. 92L9945C-A9A94902-992A-64ACF97F1584 e for Chan Statement of Flnantial ivities for the Year ed 31 March 2025 Unrestrictsd fimds Restricted fund Total ftmds Total fia5 Notes INCOME AJYD ENDOWMEiYfs FROM Donations and legacies 80,0 80,000 EXPENDITURE ON Charitable activities Charitable activities li2,202 29.878 162,080 400,947 Other 3,662 3,662 5,374 Total 29,878 165,742 406,i21 NET INCONWffjXPENDITTSRE) (55.864) (29,878) (85,742) (29,673) RECONCILIATION OF FUNDS Total funds brought forward 55,864 29.878 85,742 115,4l5 TOTAL FUNDS CARRtED FORWARD 85,742 The notes foTm part of these fjnancial statements Page 4
Docusign nVelOpe 10: 92C9945L-A9A94902_992A44ACF97F1584 Chante for Chan ance Sheet 31 Mareh 2025 Unrestricted fijnds Restricted fjJnd Total fund5 Total fimds Notes FIXED ASSETS Tantrible assets 3,662 CURRENT ASSETS Cash at bank 5,88i 85,081 CREDITORS Amounts falling due within one year (5,883) (5,883) (i,001) NET CURRENT ASSETS 82,080 TOTAL ASSETS LESS CURRENT LIABtLITIES 85,74? NET ASSETS 85,742 FUNDS Unrestricted fijnds Restricted funds io 55,864 ?9,878 TOTAL FUPtDS 85,742 The charitable company is entitled to exemption from audit under Section 4T7 of the Companies Act 2006 for the year ended i l March 2025. The members have not required the company to obtsin an audit Df its financial sratements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuTTng that the charitsble company keeps accounting records that comply with Sections )86 and 387 of the Companies Act 2006 and PTeparing fmancial statcments which oive a tnje and fair view of the stste of affai of the chaTitable company as at the end of each financial year and of its *uplus or deficit for each financial year in accordan¢e with the requirements of Sections 394 and 395 and which otheTwise comply with the requirements of the Companies Act 2006 relating to financial statemenE so far as applicable to the charitable ¢ornpany. (b) These fmancial staternents have been prepared in accordance with the provisions 4)plicable to charitable companies subject to the small Companies regime. The financial statements weTe approved by the Board of Tn and authorised for issue on 25 March 2026 and were signed on its behalf by: DoeuSipn¢d by: 9oCS1#2500334D. V Setia- TTUStee The notes form part of these financial statements
DOcusn invel)pe ID." 92c9945c499u2~992A-64AGF97F1584 Chan r Chan Notes to the Financial ments for the Year End 31 March 2025 ACcOuNTG POLICIES Basis of preparino the financial statements The fmancial statements of the ch&itable company, which is a public benefit entity under FRS I O? have been Prepared in accordance with the Charities SORP {FRS 102) 'Accountino and Reporting by Charities: Statement of Recommended Practice applicable to charities ppar]nts their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland ffRS 10?) {effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the CompanAes Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of FinanciaI Activvties once the charity h&s entit]ement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are reeognised &8 expenditure as soon as there is a legal or constrnctive obligation committing the charity to that ¢xpenditure. it is probable that a transfer of economic benefits will be required in settlement and the arnount of the obligation can be me&8ured reliably. Expenditure is accounred for on an accruals basis and h been classified under headinJo that awegare 211 cost related to the category. Where costs cannot be directly attributed to panicular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible red assets Depreciation is provided at the following annual rates in order to wrlte off each asset over its estimated usehl life. Motor vehicles Computer equipment 20% on tost J)/o on cosr Taxation The charity is exempt from corporation tax on its charitable acttvities. Fund accountiTJg Uyknicted lld$ can be used in accordance with the ¢harirable objectiv¢s at the discretion of the trustees. Restricted fimds ¢an only be used for particular ttstricted purposes within the objects of the charity. Restii¢tions arise when specified by the donor or wben thds are raised for particular restricted purposes. Further explanation of the nattjre and purpose of each fimd is included in the notes to the financial staternents. DONATIONS AND LEGACIES Unrestricted Restricted Total 31.325 Total Scottish Government Souter Foundation Charitsble PTojects 29? j15 80,000 80,000 80,000 80,000 80,000 Page 6 continued...
ocusign Envelope IL): 92C9945C-A9A949O2_9-64AcF9TF1S84 Chance f r Chan to the Financial Statements- c for the Year Ended 31 March 2 CHARrrABLE ACTIVtTtES COSTS unstrICted Restricted Total Total Project Ma]awi Projert Nepal Other projects Other expenses- see note 1,700 28,178 1.700 229,799 45,081 30,030 96.037 4.57i 127,629 1?7,629 132202 162,080 400,947 DIRECT COSTS OF CIL4RtTABLE ACTIVITIES Unrestricted Restricted Total ?l.i.25 Total 31.3.24 Motor and travel General administrative costs Legal and professional 1?,961 10,225 19,887 10,225 104.44) 70.027 127.629 127,629 96,037 NET llycoTr(ExPENDllTuRE) Net incomel(expenditure) is stated after ¢hargiThg/(crediting)". il.i.25 31.3.24 Depreciation - owned assets 3.662 5.374 TRUSTEES, REIIIUNEK4TION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year end J l March 2024. Trustees, expenses There were no tnLstees' expenses paid forthe yvar ended J l March 2025 nor for the year ended i l March 2024. P4(ye 7 continue(L..
Docusign Envelope ID." 92C994sC-A9A949U2-9964ACF97Fl $84 Chan or Chan Notes to the Finaneial tstements- continued for he Year ded 31 March 2025 COMPARATIVES FOR THE STATEMENf OF FINANCIAL ACTtvrrIES Unrestricted fimds Restricted fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 292,)15 EXPENDITURE ON Charitable activiti Charitable activities 268,541 400,947 Other 5,?74 5,)74 Totsl l i7.780 268,541 406.i21 NET INCoKE/XPEND1TuRE) (53,447) (29,673) RECONCILIATION OF FUNDS Total fjjnds brought foTrvard 109,ill 6,104 115.415 TOTAL FUNDS CARRtED FORWARD 55,864 29,878 85,74? TANCtBLE FIXED ASSETS Motor vehicles Computer equiprnent Totals COST At l April 2024 and i l March 2025 18,479 16,124 34,603 DEPRECIATION At l April ?0?4 Charge for year 18,479 12.462 3.66? 30,941 3,662 At 31 March 2025 18,479 16.124 i4,603 NET BOOK VALUE At 31 March 2025 At 31 March 2024 i,662 Page 8 ontinued..
Docusign &nvelope ID: 92C9945C-A9A94902-992A44ACF97F1584 Chance for an to the Financi21 Statements- eontiDU for the Year Ended 31 March 2025 CREDITORS: AMOUNTS FALLING DUE ONE YEAJi Other creditors 5,88i io. MOVEMEiYf IN FUNDS Net movement in funds At At 1.424 Unrestricted funds General thd 55,864 (55,864) Restrietsd funds Scottish Government 29,878 (29.87S) TOTAL FtrTrrDS 85,742 (85.742) Ner movement iJ] fimds. included in the above are as follows: Incoming resources Resources expended Movement in.funds Unrestricted funds Generdl fund 80,000 (135,864) (55,864) Restricted funds Scottish Government (29,878) (29,878) TOTAL FUKDS 80.000 (165,742) (85.742) Comparatives for movement in funds Net movement iJ] funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 109,311 (5),447) 55,864 Restricted funds Scottish Government 6.104 ?),774 29,878 TOTAL FUNDS 115,415 (?9,67J ) 85,742 Page 9 continued..
ocusign Envelope ID: 92G9945L-A9A94902-992A-64AGF97F1584 hanee f Chan N tes to the Financial Statem - continued for the Year Ended arch 2025 io. MOVEMENf IN W(tNDS- continued Comparative net movement in fijnds, included in the above att as follows: Incoming reS0ceS Resources expended Movernent in funds Unrestricted funds General fimd 84.3)3 (li7,780) (5),447) Restricted funds Scottish Government (268,541) 23.774 TOTAL FUNDS i76,648 (406.i21) (29,673) ii. RELATED PARTY DISCLOSURES There were no relafrd paty transactions for the year ended J l March 2025. 12. POST BALANCE SHEET EVENTS The charity will be wound up post year end. PC 10