REGISTERED COMPANY NUMBER: 05992718 (England and Wales)

REGISTERED CHARITY NUMBER: 1121645

Second Chance Headway Centre

Report of the Trustees and

Financial Statements

for the Year Ended 31 December 2025

Page

Report of the Trustees

1

Independent Examiner's Report

5

Statement of Financial Activities

6

Balance Sheet

7

Cash Flow Statement

9

Notes to the Cash Flow Statement

10

Notes to the Financial Statements

11

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of Accounting and Reporting by 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 (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

To relieve and rehabilitate individuals living in or near Yorkshire and the Humber who have sustained an acquired brain injury likely to cause significant disability, particularly but not exclusively by providing, assisting and promoting facilities for the provision of their support, enablement, education, training and welfare, and advising and supporting carers, family and friends of individuals.

Second Chance has a full multi-disciplinary staff team of Nurses, Social Workers, Therapists, caseworkers, and support workers. They provide assessments and support to adults with acquired brain injuries, their families, and carers. The casework service provides a pathway for statutory referrals. The therapy centre and 'Connections' community hub provides a range of sessions and groups to improve the rehabilitation, therapy, and wellbeing of the members, with practical advice and support for families and carers.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The therapy centre facilitates a range of therapeutic and social group sessions including Memory and cognition sessions, art, music, movement and Physiotherapy, Speech and Language, home living skills, community, and travel skills, etc.

The therapy centre has 111 service users and supports their families; we deliver 128 sessions a week and our community hub supports approximately 290 people across the Wakefield district annually.

The casework and community support provide focussed advice assessment and support both in the centre and at home.

The casework service has received new referrals for 218 clients in 2025. In addition to sustained input for 159 progressed referrals the service also continued support for a further 122 existing clients active to the service at the start of 2025 and beyond both in the community on a one-to-one basis and in peer groups. In addition to this the service has provided support to a further 359 individuals linked to those referrals. We have also provided formal training to other a total of 35 professionals.

We conducted a member survey; The survey results really bring home both the scale of the challenges and the difference we make. For example, 95% of people told us they struggle with memory, fatigue or concentration, and over half have experienced suicidal thoughts. Yet with our support, 92% now feel more confident, 89% feel less isolated, and 86% have rebuilt identity and purpose. This evidence will strengthen our fundraising from trusts and foundations.

We improved and formalised the administration systems, utilising cloud secure services for data and finance. We invested in new technology and software and improved our IT support.

We formalised the assessment and one to one support diary and appointment systems. The casework service continued to expand and make the case for statutory funding.

We have increased our social media engagement and followers, a powerful tool for us to engage with supporters, raise awareness, and drive our missions forward. It allows us to reach a much wider audience quickly and effectively, providing a platform for communication and influence.

FINANCIAL REVIEW

Financial position

The financial statements are set out on pages 6 to 22. The financial statements have been prepared in accordance with the Charities SORP (FRS 102) ' Accounting and Reporting by 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' (FRS 102), Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The Statement of Financial Activities show net outgoing resources for the year of £56,095 (2024: net incoming resources £106,312).

The total unrestricted reserves at the year end stand at £246,127 (2024: £318,252).

Principal Funding Sources

The funding sources for the charity are currently by way of the income generated by the sessions, together with grants and donations.

The Second Chance funding model is based on a chargeable service which covers approximately 2/3rd of the overall cost, supplemented by grants and fundraising. The limitation is based around the maximum contribution made in benefits and support to individuals. The daycentre service is unlikely to be commissioned under the current economic climate.

During the year, the charity was able to follow the prepared budgets, with no unanticipated changes. Throughout the year we consistently search and apply for grants. The policy is to bid for defined projects with specified outcomes, and to vary the size and length of project as each application dictates. Many funding bodies request those kinds of applications and that is where we have had success. Grants making is a more challenging picture, with less available, smaller funds and more competitive environment.

We secured several grants Including ICB, Reaching Communities, Tesco Stronger Starts, HSBC and TK Maxx.

Investment policy

Our reserves and bank accounts do produce a small interest, but they are primarily aimed at security, accessibility, and traceability. Accounts are held with Virgin, TSB and CO-OP. The Virgin account is recognised as being especially secure for charities, and our two main bank accounts are also covered by the FSCS Bank protection.

Reserves policy

The reserves policy is reviewed annually against the changing circumstances. This became especially necessary during and after the Covid Pandemic. The policy and amount are adapted annually according to the circumstances and forecast of the time.

FUTURE PLANS

The Charity plans to continue the activities outlined above in the forthcoming years, subject to satisfactory funding, and will be focusing on the following in the short to mid term:

We will explore new revenue streams and optimise existing revenue streams while continuing to implement cost savings across the charity. We acknowledge the increased financial challenges faced by Second Chance Headway, the wider VCSE sector and Stakeholders/Funders. Rising operational costs, reductions in certain funding streams, increased demand - particularly grants that are available, increases to salaries and changes to National Insurance amounts have collectively created a scenario where we are presenting a deficit.

2026 will therefore be finance lead to ensure long term sustainability of the charity.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Charity is both a Company Limited by Guarantee and a Registered Charity.

The Trustees are drawn from the local community and bring a wide range of relevant experience and qualifications. The Board of Trustees is constituted in accordance with the Company Articles and the Trustees become eligible for re-election in accordance with the Articles of Incorporation (each member has voting rights).

The Board of Trustees employs an Operations Manager to lead overall direction of the charity, he is supported by a Clinical Lead and Casework Project Manager to run the organisation, and they in turn recruit employees and volunteers. The Trustees delegate the day-to-day operation of the Charity to the management team but retain control of overall strategy. They meet with the management team every month to be updated on progress with ongoing projects, review the accounts and discuss any new issues, ideas, or opportunities. There are financial limits, procurement, and recruitment controls in place. For example, staff remuneration is budgeted and proposed by the Operations Manager, with a comparison toward a mid-point of the NHS equivalent rates and confirmed by the Trustees at board meetings.

Recruitment and appointment of new trustees

The directors of the company are also Charity Trustees for the purposes of charity law and under the company's Articles are known as the Committee. Under the requirements of the Memorandum and Articles of Association the members of the Committee are elected to serve for a period of two years after which they must be re-elected at the next Annual General Meeting.

All members of the Committee give their time voluntarily and received no benefits from the Charity.

The Committee seeks to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body. To enhance the potential pool of trustees, the charity has sought to identify members with personal or professional experience of brain injury to assist the Charity.

Business and medical skills are well represented on the Committee. Individuals with specific appropriate skills are approached to be seconded to the Committee, and they may offer themselves for election at the following AGM.

Induction and training of new trustees

Most trustees are already familiar with the practical work of the charity and are encouraged to visit the Centre and maintain familiarity with the facilities and services.

Additionally, new trustees are invited and encouraged to attend meetings to familiarise themselves with the charity and the context within which it operates. These are jointly led by the Chairman and the Operations manager of the charity.

Risk management

The Charity has conducted a review of the major risks to which the charity is exposed. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Significant external risks to funding have led to the development of a strategic plan which will allow for the diversification of funding and activities. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors to the centre. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity.

Organisational Structure

The Centre has a Committee who meet monthly and are responsible for the strategic direction and policy of the charity. At present the Committee has five members from a variety of professional backgrounds relevant to the work of the charity.

A scheme of delegation is in place and day to day responsibility for the provision of the services rest with the management team who have responsibility for the day to day operational management of the Centre, and the Casework Project, with individual supervision of the staff team and also ensuring that the team continue to develop their skills and working practices in line with good practice.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

05992718 (England and Wales)

Registered Charity number

1121645

Registered office

Almshouse Lane

Wakefield

West Yorkshire

WF1 1DS

Trustees

Mr S A Deakin

Chair - Appointed - 17 November 2025

Mr K N Linton

Appointed - 19 January 2026

Ms S Nazir

Appointed - 16 March 2026

Mr P Bourne

Mrs J A Horton

Resigned - 5 March 2026

Mrs K Bennison

Resigned - 28 June 2025

Mrs C Corbett

Mr R Caley

Resigned - 8 December 2025

Ms E Jowett

Appointed - 17 January 2025. Resigned - 13 March 2026.

Senior Management

Mr N Garbutt-Moore JP

Operations Manager

Independent Examiner

SMH Jolliffe Cork Ltd

Accountants & Business Advisors

33 George Street

Wakefield

West Yorkshire

WF1 1LX

Approved by order of the board of trustees on 7 April 2026 and signed on its behalf by:

Mr S A Deakin - Trustee

Independent examiner's report to the trustees of Second Chance Headway Centre ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors 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 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

J Crossley FCA

SMH Jolliffe Cork Ltd

Accountants & Business Advisors

33 George Street

Wakefield

West Yorkshire

WF1 1LX

7 April 2026

2025

2024

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

34,311

219,185

253,496

411,243

Charitable activities

5

Provision of day care services

282,571

-

282,571

234,077

Other trading activities

3

37,177

-

37,177

29,936

Investment income

4

1,673

-

1,673

2,339

Total

355,732

219,185

574,917

677,595

EXPENDITURE ON

Raising funds

6

71,229

16,780

88,009

78,226

Charitable activities

7

Provision of day care services

354,312

188,691

543,003

493,057

Total

425,541

205,471

631,012

571,283

NET INCOME/(EXPENDITURE)

(69,809

)

13,714

(56,095

)

106,312

Transfers between funds

18

(2,316

)

2,316

-

-

Net movement in funds

(72,125

)

16,030

(56,095

)

106,312

RECONCILIATION OF FUNDS

Total funds brought forward

318,252

30,463

348,715

242,403

TOTAL FUNDS CARRIED FORWARD

246,127

46,493

292,620

348,715

2025

2024

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

14

5,036

-

5,036

4,358

CURRENT ASSETS

Debtors

15

40,254

-

40,254

39,607

Cash at bank and in hand

292,799

47,479

340,278

384,521

333,053

47,479

380,532

424,128

CREDITORS

Amounts falling due within one year

16

(91,962

)

(986

)

(92,948

)

(79,771

)

NET CURRENT ASSETS

241,091

46,493

287,584

344,357

TOTAL ASSETS LESS CURRENT LIABILITIES

246,127

46,493

292,620

348,715

NET ASSETS

246,127

46,493

292,620

348,715

FUNDS

18

Unrestricted funds

246,127

318,252

Restricted funds

46,493

30,463

TOTAL FUNDS

292,620

348,715

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

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

The financial statements were approved by the Board of Trustees and authorised for issue on 7 April 2026 and were signed on its behalf by:

Mr S A Deakin - Trustee

Cash flows from operating activities

Cash generated from operations

1

(43,861

)

153,316

Interest paid

(55

)

-

Net cash (used in)/provided by operating activities

(43,916

)

153,316

Cash flows from investing activities

Purchase of tangible fixed assets

(2,000

)

-

Interest received

1,673

2,339

Net cash (used in)/provided by investing activities

(327

)

2,339

Change in cash and cash equivalents in the reporting period

(44,243

)

155,655

Cash and cash equivalents at the beginning of the reporting period

384,521

228,866

Cash and cash equivalents at the end of the reporting period

340,278

384,521

1.	RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

2025

2024

£

£

Net (expenditure)/income for the reporting period (as per the Statement of Financial Activities)

(56,095

)

106,312

Adjustments for:

Depreciation charges

1,322

1,122

Interest received

(1,673

)

(2,339

)

Interest paid

55

-

Increase in debtors

(647

)

(6,357

)

Increase in creditors

13,177

54,578

Net cash (used in)/provided by operations

(43,861

)

153,316

2.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.25

Cash flow

At 31.12.25

£

£

£

Net cash

Cash at bank and in hand

384,521

(44,243

)

340,278

384,521

(44,243

)

340,278

Total

384,521

(44,243

)

340,278

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by 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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The financial statements are prepared on the going concern basis which assumes that the charity will continue in operational existence for the foreseeable future.

The charity substantially relies on income from its members, funding from local statutory bodies and grants from other national organisations. The trustees have considered the risks and uncertainties arising from the charity's operations and are maintaining a constant watching brief on the charity's cashflow, as well as regularly updating budget predictions and financial projects and adapting to new ways of delivering core services to its members.

The trustees believe that in view of the above assessment, the charity's financial statements are appropriately prepared under the going concern basis.

Income

Income is recognised when the charity has entitlement to the funds, any performance attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made to the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS102), volunteer time is not recognised and refer to the trustees' annual report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

Over the term of the lease

Fixtures & equipment

-

10% on cost

Computers and other equipment

-

25% on cost

Tangible fixed assets for use by the charity are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or, if gifted, at the value to the charity on receipt.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds comprise of amounts donated to the charity for general use, fundraising income and fee income which can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

All income and expenditure is shown on the Statement of Financial Activities.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.	DONATIONS AND LEGACIES

2025

2024

£

£

Donations

22,951

16,006

Legacies

5,000

184,877

Grants

225,545

210,360

253,496

411,243

Grants received, included in the above, are as follows:

2025

2024

£

£

Sir George Martin Trust Grant

-

3,001

WDHCS Grant

-

5,091

Community Access Grant

-

960

Morrison's Fundation Grant

-

2,000

Prosper Grant

-

4,153

NOVA Healthy & Sustainable Communities

-

4,750

Neighbourhood Improvement Grant

400

777

Rotary Club Christmas Grant

-

400

Percy Bilton Trust Grant

-

750

Arts & Culture Grant

942

3,766

NHS Wakefield ICB

187,329

183,539

Community Fund

20,000

-

HSBC Grant

11,000

-

Tesco Stronger Starts Grant

500

-

Other grants

5,374

1,173

225,545

210,360

3.	OTHER TRADING ACTIVITIES

2025

2024

£

£

Fundraising events

37,177

29,936

4.	INVESTMENT INCOME

2025

2024

£

£

Deposit account interest

1,673

2,339

5.	INCOME FROM CHARITABLE ACTIVITIES

2025

2024

Activity

£

£

Fees

Provision of day care services

282,571

234,077

6.	RAISING FUNDS

Raising donations and legacies

2025

2024

£

£

Rent

40,139

39,892

Rates and water

1,465

1,039

Insurance

1,826

2,346

Light and heat

5,638

6,110

Telephone and internet

3,623

3,676

Postage and advertising

1,242

1,293

Sundry expenses

2,173

2,486

Stationery and office supplies

3,787

1,547

Cleaning

1,053

1,621

Repairs and renewals

12,604

6,804

Caseworker System Software

8,689

7,269

Computer expenses

2,983

2,287

Depreciation

1,322

1,122

Bank charges

55

-

86,599

77,492

Other trading activities

2025

2024

£

£

Fund raising expenses

1,410

734

Aggregate amounts

88,009

78,226

7.	CHARITABLE ACTIVITIES COSTS

Direct

Support

Costs (see

costs (see

note 8)

note 9)

Totals

£

£

£

Provision of day care services

504,411

38,592

543,003

8.	DIRECT COSTS OF CHARITABLE ACTIVITIES

2025

2024

£

£

Staff costs

484,577

445,424

Games, equipment and activities

1,573

1,590

Travel expenses

12,335

8,866

Occupational therapy costs

5,926

6,154

504,411

462,034

9.	SUPPORT COSTS

Governance

Other

costs

Totals

£

£

£

Provision of day care services

1,349

37,243

38,592

10.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025

2024

£

£

Depreciation - owned assets

1,322

1,122

Rent

40,139

39,892

11.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024.

12.	STAFF COSTS

2025

2024

£

£

Wages and salaries

435,950

401,140

Social security costs

36,878

33,804

Other pension costs

11,749

10,480

484,577

445,424

The average monthly number of employees during the year was as follows:

2025

2024

Direct supervision and activities

17

14

Management and administration

6

5

23

19

No employees received emoluments in excess of £60,000.

13.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

207,148

204,095

411,243

Charitable activities

Provision of day care services

234,077

-

234,077

Other trading activities

29,936

-

29,936

Investment income

2,253

86

2,339

Total

473,414

204,181

677,595

EXPENDITURE ON

Raising funds

73,028

5,198

78,226

Charitable activities

Provision of day care services

323,472

169,585

493,057

Total

396,500

174,783

571,283

NET INCOME

76,914

29,398

106,312

Transfers between funds

(1,013

)

1,013

-

Net movement in funds

75,901

30,411

106,312

RECONCILIATION OF FUNDS

Total funds brought forward

242,351

52

242,403