Charity Accounts Intelreading the accounts so you don’t have to

SECOND CHANCE ASSOCIATION

Registered charity 1126099 · accounts filings on the Charity Commission register · also known as Second Chance Charity Shop

We support and fund the advancement of education and Christian missions in UK and overseas. We also identify, support, and provide local and national relief or donations for those in specific need or for public benefit. Funds are generated by the sale of secondhand goods through our shop. We offer training and support to our volunteers. The shop acts as a centre where people meet and make friends.

Causes: Education/training · The Prevention Or Relief Of Poverty · Overseas Aid/famine Relief · Religious Activities · Economic/community Development/employment · Other Charitable Purposes · website · Get email alerts

Latest income
£53k
Latest spending
£62k
Registered
2008
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net expenditure of £8,807 for the year, reducing its unrestricted funds from £93,600 to £84,793. The trustees' report notes that while annual takings were similar to the previous year, increased costs led to this deficit, though the charity remains profitable in its shop operations and has sufficient reserves to cover nine months of running costs.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: nine months of running costs (held: £85k)
“Second Chance Association has agreed a reserves policy of holding reserves to cover 9 months running costs in the event of a major problem.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Lincolnshire

Income and spending

Financial year endIncomeSpending
31/12/2024£53k£62k
31/12/2023£57k£30k
31/12/2022£51k£42k
31/12/2021£44k£22k
31/12/2020£31k£40k

Common questions

Is SECOND CHANCE ASSOCIATION financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £8,807 for the year, reducing its unrestricted funds from £93,600 to £84,793. The trustees' report notes that while annual takings were similar to the previous year, increased costs led to this deficit, though the charity remains profitable in its shop operations and has sufficient reserves to cover nine months of running costs. Its FY2024 accounts were independently examined.