CHRYSALIS YOUTH AND COMMUNITY PROJECT l A Company limited by guarantee I UNAUDITED REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 Charity number 1066871 Company numbor 03448225
CHRYSALIS YOUTH AND COMMUNITY PROJECT { A company1Smit8d by guarant891 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 Cont•nts Pas• Legal and AdminiStrate Infom18tion Roport oflhe Manag8ment Committee Ind6wndènt Examinerfs Report Stslement of Financial Actlwtle8 Balance Sheet Not6s fomiiry part of the Financial Stslem8nts 10-17
CHRYSALIS YOUTH AND COMMUNITY PROJECT REPORT OF THE MAMAGEMENT COMMITTEE FOR THE YEAR ENDED 31 OCTOBER 2023 Thg M8nwJemenl Commlttg9 presents ils unaudlted rert Bnd flnand81 ¥tslements lor the y6ar ended 31st October 2023. R•fernnce and Admln18trative Informatlon Charfty Name '. Chry8alis Yujth and Communlty Project Charfty Registratbn Number: 1066871 Ccthpany Reglstration Nurnb8r'. 03448225 Register Offic&: Acllve Contre stansfield Road r8dale Castleford West Yorkshi WF10 3UA OFeratKJnal Addre88 . Active Centre Stansfield Road Airedale CasUefor(J West Yorkshlre WF10 3UA Directors and Trustms Mr Michael Thxon Mr lan Kenne(ty Mr Antony Ball Mrs Joanno Murrydy Mrs Joanna Poinlon Ch8irnian K•y S•nl¢r Staff Mr Wl Kennedy ChO&f Executive Officor Reportlng Accountarts. Haigh & Co. Grange Cott8g8, Wofflersley. Doncaster. DN6 9BW Bankor8 NatsvesÈ Bank Plc. 3 Ropergate, Pontefract, WF8 1LH
CHRYSALIS YOUTH AND COMMUNITY PROJECT REPORT OF THE MANAGEMENT COMMrrrEE FOR THE YEAR ENDED 31 OCTOBER 2023 STRUCTURE. GOVERNANCE AND PIANAGEMENT Thè trustees, who are also directors of th8 charity for the purposes ol the Companies Act. pros&nl thtsir annual repjrt and the unaudlted fin8neAal slalements for the year end8d 31 O¢tob9r 2023. This report has been propared In oc¢ordanc8 with the Statement or Recommended Pr8ctic&'. Accounting and Reporting by Charities preparing th8lr acc£Junts In accordance w7th the Flnancial Reporting StaThlard applicablè in the UK and Reput4ic of Ireland {FRS 102} laffective 1st January 201 $1 and in accordance th tha Companies Act 2006. Goveming Document Chry8alls Youlh and Communty Project 1$ a r8glst9d Charity, constituted as a company limited by guarantee and is therefore governed by a Memorandum and Artides of Assouafjon with the liability of members In the evw of a winding up belng limited to £1 &ach. Th8 company was Incorporated on 10 O¢tober 1997. Recrultm•nt and Appolntm•nt of Management Commlti•• The directors of the wmp8ny 81so charitytN8tees forthe purposes of charity law and under the company'$ Articles are kn¢)wn as member8 of the Management Commrttea. Under the requirements ofth8 Ntsmorandum and Aruclos ofAssociation th8 membors of the Management Committee are el8cte(J to serve for a period of one ygar aftervthi¢h they mu81 be reryelected at the next Annual G8ner81 Me8ting. The Managemenl Committ09 comprises of members appointed by the Meth¢xli81 Church In collaboration th tts ecumènical partners, from local organisations. tundlThJ aggncies (by inwlationl, the Melhodi* Youth Officer, individuals repSentirJ the Alrja Community, young people in rn•mb8rship of the project elecled at the Annual General Meetong by the members present and any oth&rs tha M8nagemenl Committ88 may con$idtrr appTopriale. TN8t•o Inductlon and Tralnlng The charity sees th8 r8cruitmenl, selgction and subsequent induthon of a new director as an opportunity lo Improvg the eff8ctivan&8s of rnanagement of Chrysalls. Wh8n preparirvj lo recruit the board of dirlor$ undertake a"ski118 audt" to identify the skills, knowlèdgè and &xpori8nce required to pthm éff8¢tively, and whether there are any skllls gaps.The LK)ard actively seek lo appoint new reenjitmènls from a wider range of agès and of soci81 and economic backgrounds. Thè ¢harity provides a directorsjob description whl¢h highlights the directors responsibllities along wlth an induction programme and pack whlch contains a copy of Chrysalis's key documents. The supporting director meets the nevAy appolnlod dire¢tor Its di8cu&s inducton needs and to distribute key infomiation such as th& govèming document, accounts, minutes. organisational chart$ and informatlon about Chrysalls's policies. Rl8k Management Th8 Iruste8s actively r9Vigw tho major ri8k8 thrch th8 charity faces on a re9ular basls and will continue to increase res8rvgs whgrg necessary. combined an annual review of Ihg controls over key financial systems and 11 prowide sufficient resourc8s in thg event of adverse conditions. The trustees have 8180 examinell other operational and busin&ss ri$k$ f8Cod by the charity and confimi that thay have 95tsblished systems to miugate the slgnificanl sk¥. Intsmal control risks are minlmlsad by thè implementati¢)n of procedurès for aulhorisation of all transactions and projects. Proce(lures are in place lo ensure compliance wth hèalth and safety of staff, volunteèrs, ¢li8nts and visitors to the centre.
CHRYSAUS YOUTh AND COMMUNIry PROJECT REPORT OF THE MANAGEMENT COMMITfEE FOR THE YEAR ENDED 31 OCTOBER 2023 Organlsatlonal PJtructure The ¢h3rity h88 a Management Committee who meèt monthty and are responsible forthe str8teglc dlre¢lion and polcy of the chartty. A monthly Chlef Ex8culive oificerf8 report and indId81 so¢tion reports are presentsd and actsd upon as necessary lo ensure Ihe charSty meets Its aims and objectives. The chiefexacuJv& officer oversees the strategic development of thè projg¢t, whilst the centre and office rnanag¢rs deal with the day lo day adminlstrafjon of thè charity. Other senior staff indude a compuier manager and a garage supeNlsor. R•latod Partl08 In January 2006. redale Comrnunty Tradlng l ACT l Llmited took control of Airedale Computèr Re¢yclSrvJ and Airedale Car Cllnlc. This is a Subsidiary tr8dirrfJ cofflpany, reglstered company number 05371056 and commenced lo tradtr on 1 November 2005. Chrysalis Youth and Communty Project 13 the sole member ofthe company Ythich is a single member private limited company. 11 was 85tablished to develop an in¢orng to aid sustainability and oversee and control Ils trading aclivrties in line with its aims and tsbje¢tive8. As stipulated in the Ajlcles of A&8ociation of Airedale Community Tradlng l ACT l Limited, any profits shall be eovananted to the company knovm a8 Chrysalis Youth and Community Project, regISted company number 03448225 and registered charity numbèr 1066871 as and wh8n seen rrt by the (Jlre¢tors. Obloctla and Aetiviti•s for th? Publlc Benefit The company's objectives are to promot8 the benefit of1he residents of th8 Yorkshire and Humber regions {Ih8"area of benefft") in particular but not exclusively young péople, wilhoul distinction of rac&. sèx or tlItICal, religious or other oplnlon, by associating the stalulory authorities, voluntary organisalions 8nd indiwduals in a common effort lo provide educational, cullural, soclal. welfa, trainlng, recreational and leisure time f8dliti&$, with the alm of improvSng the ¢ondltk)ns oflrfo for young people. The trustees nfi that they have refeThed to Ihe guidance contsined in the Charity Comrnission's gongral guldance ¢)n public benefit when rew8wlThJ its aims and objectives. The maln obj'èctives and 8ctiviti88 for the year conttnued to fo¢u$ on prowding youth faclllties for its 8roa and self sustsinability and self sufficaency. The ncipal aspects through vthich publk bgnefft resulted from the charity's aciivities during the y88r wer8.. The provision of discounted refvrbished ¢ompuler8 and consumables to the 98n8ral publi¢, indudirvJ a valuable reclIng collection Service within the community. Th¢ provision of a lull garage rèpair service and MOT tssllng ststion lo tho general public and busin. al discounted prices. The provision of room hire facililies. Achl•¥om•nts And P•rfomwn¢• During 2022-2023 the Project startod to davelop the land behind the centra in orderto retum li bk into communtty Usg, which has been delayed due to poor weather conditions and being let down by the contractors. Plans 8n(J an application for fvnding was submitted for the levglling up grants worth £1.8 Milllon lo develop 8nd construct a family bikè park. bul disappointingly these were Th)t approved aftar so much effort and rk was put in by the team. Desp another failed bid to construct new pr6mis8S thé Aired81e Community workshop cofttinugs lo grow and along wth the communty allolmenls which continues to thrive we are looking at 8 continued expansion in partnershlp Grow Wakefield.
CHRYSALIS YOUTH AND COMMUNtrf PROJECT REPORT OF THE MANAGEMENT COMMIThEE FOR ThE YEAR ENDED 31 OCTOBER 2023 Financlal Rfjvlow Thts Statement of FinancAal Activtbes shows a net decrease in fvnds of £12.123, of ¥thi¢h £36,636 Is attritsble lo depreciatbon. Our reseN6s 81 the year end stand at £394,392. The levels of Income and exp&ndrture for this year and last y8ar remain slrnilarwith no sfgnificant variations. Prlncipal Fundlng Sourc Our prfmary sources of income remain rentsl In¢ome and ¢ovenanted proffts from our Subsldiary Are(lal6 Communtty Trading IACTI Llmlted, grants and donauons along being supported by our levels of resgNas. R•serves Pali¢y The present18vel of reserves is sufficient to run the proig¢1 for at loasl a pertod of six months. The dlr6ctors trustses consid9r Ihg finandal poshton ofthe charlty to be satisfactory. Pr% for Future PtrltxI¥ FundiThJ was grantsd to d8velop a basic motorcycle maintenance Project. utiliwng th& old garage space in the project cenlre. This projocl will aim 10 8ttract young people involved in causing anti-la1 bahaviour ralang lo the se of motorblkès vthhin the community. An Outreach prolect Is being developed in a dl$u8ed shop In the centre of the village to target community semces, by providing rnum$ and toddlers groups, OAP meelongs and a general community drop in and adce eenlre etc. are also In the proc&ss of contsnulng to develop and utiltse the land at the back of th¢ project centre into playing flelds and an a8 for community use.
CHRYSALIS YOUTH AND COMMUNITY PROJECT REPORT OF THE hlANAGEMENT COMMITTEE FOR THE YEAR ENDED 31 OCTOBER 2023 Rospon$lbllltl•$ ol th• Management CommStt••rrrusto•s Th8 trustag$ Ib%tho arg also diTecloT8 of Chrysalis Youth and Community Project for the purposes of company lawl are responsible for preparing the Trustw, Rgport {incorpofating the directors. port) and the ffin8n¢ial statements In accordance wth appllcablè law and United Kingdom Accounting Standard$. including Financial Reporting Stsndard 102.. The Flnartc181 Rep(Yting siandard appliceble in the UK and R8public of Ireland (United Klngdom Generdlty Accepted Accountlng Pracllcel. Company law requlres the trustees to prgpare financial ststemenls for each flnanclal yearwhich give a true and fair Vigw ofthe stslg of the affairs of the charltable company and of Its Incoma 8fKI expenditu ofthe charitable company for that period. In preparing thes& finan¢ig1 ststemenl8. the trustees ar8 requlrod lo.. . select suitable accounting pollci8s and thèn apply them consistentty,. observe the methods and principles in the charities SORP: make judgements and estimates that are 8$Onabl& and prudent., ' state whether applicable UK ACCOUnn9 Stsndards have been followe(1. 8ubje¢t to any material dopartures disdosed arKJ explained in the flnancial ststtrments, and prepare the flnanclal slalemenls on the going concern basis unless It18 in8pproprfats to assume that the charitable cornpany will conllnue In bu4n9SS. The trustèès arè re8pon$ibl& for rnaintaining proper accounUng re¢ord$ %thich disclose wlh reasonablg auracY at any lime the financAal position of the eharitabla eompany 8nd enable them to ensure that the financial statements comply wlh the Companigs Act 2006. They are also responsible for saf8gu8rding the assets of the charltablg company and honce for taknng r&asonBble steps forth8 preVenn and detsction offroud 8nd other irregulaiittes. m•mr8 of th• MwLagerr*nt Commltte•rrrust•O8 Members of the Man8gam8nt Committee. are directors for th8 purpose of company law and ttustees for the purp)se of charity law. who served durin9 thè y&8r 8nd up lo the dale of this report ar8 $et on page 2. In accordance wth company law. as thé ¢ompany'8 directors, we certify tt)at: In so far as the Man8g8menl CommOtt8e is aware . th8re Is tw levant audit infonatIon of which the charitable company'$ audltr)rs are unaware." and The Management Committ88 have taken all the steps that they ought to havg taken In order to make themselves awar8 of any r8lev8nl audit infomiation and to ostsbli5h that the charitws 8uditors are aware of that infomiation. Ind•p8ndent Examln Haigh & Co were appoinled a$ tho ¢harftsble ¢omp8nqs accountants and have eXPrw theirwillirffJness to contlnu& in th81 c8pa(ity- Approval Thls report Was approved by the Management Committee on 26th June 2024 and signed on its beha by '. Mr M Dixon Director I Chalmian
CHRYSALIS YOUTH AND COMMUNITr PROJECT INDEPENDENT EXAMINERS. REPORT TO THE TRUSTEES OF CHRYSALIS YOUTH AND COMMUMITY PROJECT I report lo the charlty truste88 on my examlnation of the accounts of thè company forthe year ended 31 October 2023, which a set out on pa9e$ 8 to 17. Rè8pon8lbllltl•• and basls of r8port As thè charlV$ tru8ts&8 of the company l and also its directors for the purFx)se of company law } you are iesponsible for the pr6paraUon of the accounts In accordance the qUirements of the Companl&s Act 2LX16 Ilhe 2006 Act'l- Hawng Salisfied mysalf that the accounts ()fthe company ar9 not requSred to be audlled under Part 16 of the 2006 Acl and ar& tslvJSble for independant examination, I r8POrt in resp8Ct of my examlnalioti of your charity's accounts as Carried out under section 145 ofthe ch8rili8s Ad 2011 Ithe'2011 Act"). In canyng out my examination I have fdlowad the Directions giv&n by th8 Charity Commission under se¢b"on 14515llbl ofthè 2011 Act. Indep•nd•nt •x8mlnerfs r•port I have completed my examination. I confimi that no matters have comg lo my attentSon In connection vAth the examinauon giwn9 mg Cause lo believe.. 1. 8¢counliro records were not kept in rèspect of the company as required by section 386 of th8 2006 Act., or 2. the accounts (k) not accord with those accountirKJ records", or 3. the accounts not MplY with th8 a¢¢ounting requlremenls of 8edon 396 of the 2006 Act other than any requirement that Ihe accounts give a Irue and fall, viow which Is not 8 matter consldered a8 part of an indep8ndent 8xaminatk)n', or 4. Ihe accounts have nol beèn prepared in accordan¢& with the methods and prinaples of the Stalemont of Re¢ommended pra¢tice for accounting and reporting by charfties lapplic8ble to charities preparfng their accounts in accordanc8 with the Financlal Reporting Standard applicab18 in the UK and Republic of Irèland {FRS 10211. I have no concems and ha come across m otFw matters in connection wNh the examination to vthlch attentic 8houkJ be drawn Sn Ihls rèpxjrt in order to enable a proper undgf8tanding of Ihe accounts to be reached. MRS W M HAIGH HAIGH & CO I FCCA GRANGE COTTAGE, WOMERSLEY, DONCASTER. DN6 9BW DATED 26th June 2024
CHRYSALIS YOUTH AND COMMUNITY PROJECT STATEPAENT OF FINANCIAL ACTivmES FOR THE YEAR ENDED 31 OCTOBER 2023 Unrnstrl¢tsd R•strletod Funds Funds Total Funds 2023 Totsl Funds 2022 Incom• and ondowments from: Charitable activities 26.080 26,080 27.305 Other trading o¢llwlles 913 913 183 Invesbnents 1,184 1.184 103 Total 28.177 Exnlture on: Charitsblo actNdi88 58,296 31,799 90,095 86,937 Total 58,296 31.799 9Ct,095 86.937 l•xp•nditure)Ancom 130,1191 131,7991 161,9181 159,3481 Oth¢r rwni8•d gains 49,795 49,795 54,530 mov•mont In funds 19,676 131,7991 112,1231 14.8161 Reconclllatlon of h•n(ts.. Total funds broughl foM8rd 257.363 149,152 406,515 411,331 Total funds carrled for*ard 277.039 117,3S3 394,392 406,515
CHRYSALIS YOLrrH AND COMMUNIIY PROJECT BALANCE SHEET AS AT 31 OCTOBER 2023 2023 2022 Not88 FIXED ASSETS Tangible a88ets 10 137,093 170.741 CURRENT ASSETS Stock Debtors Short temi deposlls Cash at bank 8nd In hand 450 56,233 109.158 11 62.124 107.974 71,162 241.260 265 5D7 CREDITORS: AMOUNTS FALLING DUE WIThIN ONE YEAR 12 5.486 NET CURREKf ASSETS 257.299 235,774 NET ASSETS 394,392 406 $15 FUNDS OF THE CHARITY Unrestrict8d funds Restricled funds 14 14 277,039 117,353 394.392 257,363 149,152 406.515 The notes on pages 10 10 18 fom part of thesg financial statements. For the year ending 31 October 2023 the compay was enlitjed to exomptron from audit und9r Socllon 477 of the Companles Act 2006 relating to sm811 companies. The mambers have not requlred the ¢omp8ny lo obtain an aud of its 8ccounls fortho year in question in accordance wrth s&clion 476, The diroclors acknovledge their respc>nsibilities for complOng %%ith lh8 requirements of th& A¢t respect to accounting recoid8 and the preparation of accounts. Th888 8¢counts have been prepared in accordanca wtth thtr provisions applS¢able to wnpanies subl8Ct the small companies. regime. Approved by thè M8nagem8nt Commlttee on 26th June 2024 and signsd on ils behalf by '. Mr M Dlxon Dlrnctor I Chairman
CHRYSALIS YOUTH AND COMMUNITY PROJECT NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 1. Accountlng Polld•¥ Chrysalls Youth and Community Project is a charltable company limited by guarante6 incorporated in England and Wales. The register8d officg is Active Centre, Stsnsfigld Road. Airèdale, Ca8Ueford. West Yortshire, WF10 3UA. Th6 principal accoun11ng poll¢les are summarised below. The 8ccounting pclicSes havg been applied con4slendy throughout th8 year and in the precedirKJ year. 1.1 Basls of accountlng These flnancial ststeThnls have be8n prgpared underth& historScal cKJst convention vthh items c(nISe{l at eA)St ortransaction value unless otherwise stated in th8 rglwnt nows) to these financi81 stslements. The88 financial Stslements have been pfypared in accordancè the Statement of Ra¢0Mmdd Pracuce: Accountsng and Rewtng by Charities preparing their accounts in accordancè vAth the Financial RepDrbng Stsndard applicable In the UK and Republic of Ireland IFRS 1Q21 leffectfve 1 January 20151, with FRS 102 itself and thg Charltles Act 2011. The charity constttutes a public benefft entity as defingd by FRS 102. The finacial statements Bre prepared in 81eding. which Is the fvnctional currew of the company. Monetsry amounts in these financial stslements a round8d to the nearest £. Atthg time of approving th8 fjnancial statements, trustees have a reosonable expectab'on that thg company has adequate resour¢gS to contlnue in operational existence for the foreseeable future. Thus the trustees conlinug lo adopt the golng nCeM basis of accounting in preparing the financial statements. In preparing thè a¢¢ounls, the twslees have ¢onsidgred whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restalem8nt of comparative items was required. The trustees have revthd the transactions and have detemlnèd that no amendment to the comparativ8 figures is requirtsd. 1.2 Fund accountlng Unreslricled fund$ arg available for use at Ihe dIsCreOn of the trustees in fiJrth8r8nce of the general obj8clwes of the charity. . Resth'cted fuThJs are subje¢t to reStrOnS on thelr &xpgndilure imposed by thg donor. 1,3 Incom• All incoming re$ourcg8 are included in the statement of financial activibes vthen th8 ¢h8rity is entitled to the income and th8 amount can b& quantified wth reasonBble Accuracy. Thè followng specffi¢ tK)licies are applied to particular catsgories of income '. ' Voluntsry income is received by way of donations and Is Indudgd in fvll in the Statement of Financial Activllies whan recewable. ' Th8 value of services prOded by volunttrars has not been Includ in these accounts. ' Incom8 from charitable trading actlvty Is accounlecl forwhen eamed and is Shovm inclusive of VAT. Inv8stment income is included when receivable. . Incomlng resources from grants are regnISed thgn thtr charity becomes uncon(lttionally entided to the grant. 10
CHRYSALIS YOUTH ANO COMMUNITY PROJECT NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 OCTOBER 2023 1A Expendlture Expendlturè is recognised on an accwal ba8 a8 a liabilty is IAcurred, inclusive of any VAT and Is rgported as part of the expondllur8 lo whlch It relates '. ' Ch8rilablg expenditure comprises those costs Incurred by the chaTty in th8 d&livery of its actfvhles and services for rb benerlaries. It Indudgs both costs that ¢8n be allocated direclly to such activities and 1ho$8 ¢osts of an indlrèet nature necessary to support them. For management reportlng and 8dmlnislrative purposes all costs for Staff salaries and rent payable thich are 011Y athibutabl8 lo the charity's subsidiary. Alredale Communty Trading (ACT) Llmited, and have been 8XPgnded for by the charity on behalf of the subsidiary and recharged back to tho subsidiary in full have been netted off in thes& ffinaTKial ststements $0 as lo eliminate the inflauon of th8 total income 8nd 8XPtndrture ri9Lires. 1.5 Ptn8lons The Charltable MpanY mak8s contribulions to a pension scheme on behalf of its èmployees. Contrfbutions payable lo this sch¢me are charged to the SOFA In th& pertod to whlch they relate. 1.6 Tanglble Ilx•d atssets FIX assets are staled at cosl16ss accumulated d8pwiation. The costs of minor addibons orth088 costing below £500 are not capitalised. Depre¢iation is provided at rates lo vrrite off the cost of each ass81 over its 8XPOCtgd useful life as follthvs.. Leasehold Propety Equipment.Flxtur88 and Fittings Motor Vehicbs 49h and 10% pa on cost 20% pa on cost 25% reducing balance Thè management ccthmiltse operate an annual pollcy reviw respect to Imp8lmiant of fixed as8els. 1.7 Debtors Tradè and other debtors Bre rec(MJni8tid at the settlement amount after any trade discount offarad. Prepayments are valued al the amunt prepaid net of any trade dS8(xyJnts due. 1.8 Cash at bank and In hand Cash at bank and in hand are basic finan¢i818$5ets and inclLklg Cash in hand and deposils held al call vAth banks. 1.9 Credltors and provislons Cr8diloFS and provisions arg rgciyni8ed vthere Ihe chanty has a present obligation resutting from a past evttnl that will probably rèsutt in the transfer of funds lo a third party and the amount due to $8td8 the obligation can be measured or estimated reliably. Creditors and provlsiofts are nomially r8cogni8ed at thelr solyement amount after all0¥n9 for any trade discounts due. 1.10 Fin•n¢ial Instrum•nts The charity only has financial assets and financial li8bililies of a kind that qualify as baslc financial instruments. Basoc financial instruments arè inilialty recognised at trans8Ction valu8 and subsgquenuy m¢asure(l al thelr settlement value. 11
CHRYSALIS YOUTH AND COhlMUNITY PROJECT NOTES FORMING PART OF THE FINANCIAL STATEMETrffi8 FOR THE YEAR ENDED 31 OCTOBER 2023 2. Incom• from: Unrtri¢d R•$trfcted 2023 2022 To&il Charitsble actlvlti•$ Rental incomè Room Nrè 14.620 11.460 14.620 11.460 15.233 12.072 26.080 26,080 27,305 3. Income from: Unr•strlctod R•8trlct•d 2023 Totsl 2022 Total Other tradlng actlvltle8 Sundry income 913 913 183 Inv•stm•nt Incom• Bank deposit inte¥est 1,184 103 4. Exp•ndlturn on.. Unrn$trl¢tsd Restrlet•d 2023 Total 2022 Total Charliable actlvltlos Adverbsing Salarf¢s and p8nsions Rates Insurance Llghl 8rHJ heat Printing. postage and stallon8ry Telephone and intemèt Legal and professional fees Audlt and accounkw fees Consultancy f88s Repairs and rengwals Cthning Bank charges Equipment pur(1)88es { Adjuslad for stock I Depreclauon Sundry expenses 142 31,625 499 972 3,983 142 31.625 212 31,948 344 972 3.983 5,243 1,455 4.445 4,140 639 1.066 4.020 4,445 4.140 5,018 5.018 5.785 122 122 640 36.636 418 112 4.837 418 31.799 35.065 1.55B 58.296 31.799 90,095 86,937 12
CHRYSALIS YOUTH AND COMMUNITY PROJECT NOTES FORMING PART OF ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 5. Ixhor Rtcogni8•d Galn8111088•8} Unro8trlct•d R•$trithd 2023 Total 2022 Total Covenanted income 49,795 49,795 54.530 49,795 49.795 54,5 Covenantsd income represents the proflls which. as stipulated in the Articles of ASS(latIon ofAiredale Communlty Trading l ACT l Limited. registered company number 05371056. are lo be covenanted at th8 dlscretion of the d1cto¥S to th8 company known 88 ChysalLs Youth and Community Project. registsred company numbw 03448225 8nd registered charity number 1066871. Fof the year ended 31 October 2023 £49,79512022 £54,530) of proffts havg been covenanted to tho charity. 6. Nel Outgolng RQur& for th• Y••r 2023 2022 08pr8¢iation Audri and accountancy fees 36,63fj 4,140 35.065 4,020 7. Staff Costs and Numb•rn No remuneration was pald to thè trus$ In the year, noi were any trustses. expgnses reimbursed. The staff costs were as follows." 2023 2022 Wages and salaries Social soeurity costs Pension costs 32,036 12,1151 1,704 30.008 270 1,670 31.625 31,948 The average number of employees during the year, cakulatsd on the basis of full tlmg equlvalents, was as follows '. 2023 Numbér 2022 Numbor Manag8ment and admlnlstration Key Management Personnel 21,994 21,633 13
CHRYSALIS YOUTH AND COMMUNrrY PROJECT NOTES FORkqlNG PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 7. Staff Costs and Numbers Contlnu•d The ¢harfty oper8les a group personal pension plan for 112022- 11 employee and a defined contr¢buUon sil)ame for the other employaè's and along with the employee's makes monthly contributions to the scheme. The totsl cost of the contributions made by the chadty £1.70412022 £1,670). At 31 Oclobgr 2023, there wer8 balanc88 of £4812022 £491 outstandlng. 8. Relod Party Tr4n8actk¥nB During thè yèar the charity traded with Ajredalg Cornrnunity Trading l ACT l Limtted. for whlch the charfty is the sole member of the company whreh is 8 single member privatè limited company. All the transactions were conducted on a n(mal ¢ornrneTcial basis. 2023 2022 Cov8nantgd profits Year endèd 31 October 2022 Yèarended 31 October 2023 54,530 49,795 Inter Company Loan Balanco Repaid 9,159 Deed of Covenant R8paKI 5270 Salos staff costs Rent- Garage. CompLrters and EbAy 30.011 24,400 26,543 24,400 The balances outstanding al the year end wer8 Sales £4,443 {2022 £4,528} and covgnanled proffts £49,795 (2022 £54,54301. There were no olhèr rg18led party transactions. 9. Taxatjt A8 a charity, Chrysalis Youth and community Project18 8xempt from tax on income and gains fallirvJ thIn section 505 oftha Taxes Act 1988 or s256 of thè Taxation of Chargeable Gain$ Act 1992 to the extent that Ihese are applied to its charilable objgcts. No tsx charges have arisen In the charity. 14
C14RYSAUS YOUTH AND COPIMUNITY PROJECT NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 10. Tangible Fixèd Assets L•as•hold Equlpm•nt Land and Flxtur•s BulldlngB Fittings Total Cost At 1 November 2022 Additions Disposals Al 31 O¢tt*)er 2023 816.440 147,822 2,988 964.262 2,988 816,440 150.810 967.250 L•as•hold Equipment Land and Flxtu Bulldlng$ FlttSng8 Totsl Accumulat•d depr•elation Al 1 November 2022 Charge forthe yèar Disposals At 31 Ootober 2023 660.716 32.989 132.805 3.647 793,521 36,636 693,705 136.452 830.157 Net book value Al 31 October 2023 122,735 14.358 137,093 At 31 October 2022 155.724 170,741 11. D•btors 2023 2022 Trade debtors Prep8ymen18 Other debtors Deed of covenant 4.602 1.720 116 49,795 5,423 1.425 746 54.530 58,233 62,124 12. Credltors: Amounts Falling Dug wSthln Ono Y•ar 2023 2022 Trade credftor8 Accruals and deferred income T8xab'on and social securfty Other Creilftors 1.097 3,229 1.207 2,675 1.072 3,268 1,146 8.208 5,486 13. Analyals of Net As8•t8 B•tw¢¢n Funds Analy6is of Net Assets Between Fund- Cuff•nt Y•ar G•n•ral Restrfcted Funds Funds Total Fund¥ Tangible fixèd 8S8018 Net assets 20,303 116.7 256,736 563 277,039 117,353 137.093 257,299 394,392 15
CHRYSALIS YOUTH AND COMMUNITY PROJECT NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 13. AnalyJls of Not A88•ts Botwoon Fund¥ Contlnued Anal1$ of Net AB8ets Betwe8n Fund- Prfor Y•4r G•n•ral ReBtrlctsd Funds Funds Totsl Funds Tangible fixed assets Net assets 22.152 148.589 235,211 563 257.363 149,152 170.741 235.774 406.515 14. Movement In Funds Movement In Funds- Current Year At 1 N¢vember 2022 Incomlng Outgolng R¢sources Resourc•s Transfers At 31 O¢tcl)or 2023 Unre•trlcted funds General res8rvg 257.363 77,972 58,296 277.039 Re8trlcied fund$ Capital grdnl Income fund 129.244 19,908 18,570 13,229 110,674 8.879 TolalrestrKtedfunds 149,152 117.353 Total fund$ 406.515 77,972 .095 394,392 pur¢8 ol R•8tricted Funds c&tsIgnt." This was grants received to finance the construction and fftbng out of a mLttti-purpo$e training, recycling and communty garage fa¢llity for the community. All fixed assét &xpenditure from tho capital project has been capitsllzed as property wthin the balance sheet. The only outyoiThJ rgsources bng allocated agalnst this fvnd is fr)r annual depreciaon ¢harge8. IrKome fund.. This represented various grants r8c8rv8d %thich on the whol8 lunded the $818ries and any specified capital expènditure relating to the fvnded projects. The only outgolrKJ resources being allocated against this fund is for annual dapreciation charges. 16
CHRYSALIS YOUTH AND COMMUNITY PROJECT NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 14. Movoment In Funds Contlnu•d Movèment In Fund8- Prlor Y•ar At l NOveMr 2021 Inconn9 Outgolng Resourc•8 RourceS Tran$f•r8 At 31 October 2022 Unr•stri¢ted funds General reserve 230.379 82,121 55,137 257.363 Rojtrlcted fvnd• Capital grant Income lund 147,814 33,138 18.570 13,230 129,244 19,908 Total reth'¢ted funds 180.952 31,800 149,152 Totsl funds 411,331 82.121 86.937 406,515 Purpo8•8 of Restrlct•d Funds Caplt81 grant." Thi$ was grants recelvgd to finance the construction and ffittlThJ out ofa mulli-purpts8e trainiw. recycling and communty garagè facility for the community. All fixed asset eXpendrtU from the ¢apital project has been capitalized as property wiihin the balance sh¢et. The only outgolng resources b8lng 811ocaled agalnsl Ihls fund is for annual depreciauon tharges. In¢om8 funcl.. This represgnted vaiious grants rèceived which on the ¥thole fvnded the salaries and any SP8crfig(I capital exp6nditure relating to the funded projects. Th& only outgoirrfJ rosources bdt¥J allocated against this fvnd Is for annual depreciation ¢harg88. 15. FInan¢l Commltments At 31 October 2023 thg chaiity had total commf(ments of £20,CKJO12022 £30.0001 undeT non<atKdlable operdling leases. 17