You could risk buying a cheap code reader. The engine management light would suggest it would read a code. If that code points to either the cam or crank position sensor you could change them over and see if the code changes as well. If it does, you've identified the faulty sensor, if it doesn't, it would suggest the chain.
You can get cheap OBD code readers off ebay for less than fifteen quid, or ask around if anyone's got one.
The cam sensor's probably easy to find: tinyurl.com/kpt39kw The crank sensor will be less accessible.
You need to turn the knob on your multimeter to the 5 position. The leads are in the right places and it will read up to 5amps. You need to move the red lead up a position and turn the knob to one of the other three 'A' positions to measure smaller currents. Get it wrong and you'll be buying your brother a new multimeter ;>)
Let us know how you get on, we like to know the outcome of these threads.
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