SECOND CHANCE ASSOCIATION
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.
Objects
The relief of those who are in need by reason of youth, age, ill health, disability, financial hardship, or for the public benefit, by making grants to charities or community organisations (and occasionally individuals where there is no charity or community organisation available) providing support in these areas. The advancement of education in the public benefit by making grants to educational establishments working to sustain and increase individual and collective knowledge in the UK and overseas. The advancement of citizenship through supporting youth groups and the voluntary sector by providing opportunities to volunteer in the charity's shop and charity events, and to gain work experience. Also, by making grants to youth groups to support the costs of their work and events.The advancement of Christianity by making grants to organisations supporting missionary and outreach work in the UK and abroad.
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.
What the accounts disclose
“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
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Investing charity funds policy and procedures
- Risk management
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Trustees
- John Speckchair
- Agnes Speck
- Louise Tracy Freeman
- Philip Lord
- Shaun Goodwin
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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.