CHRYSALIS YOUTH AND COMMUNITY PROJECT ( A Company limited by guarantee ) UNAUDITED REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 Charlty number 1066871 Company number 03448225
CHRYSALIS YOUTH AND COMMUNITY PROJECT ( A MpanY limited by guarantee ) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 Contsnts Page Legal and Admlnlstratlv8 Infomation Report of the Manag8m8nt Committ88 Ind8pendent Examineffs Report statement of Flnanclal Activliies Balance Sheet Notes forming part of the Financial SLgtements 10-17
CHRYSALIS YOUTH AND COMMUNITY PROJECT REPORT OF THE MANAGEMENT COMMIThEE FOR THE YEAR ENDED 31 OCTOBER 2024 The Management Committee presents its unaudited report and financial statements for the year ended 31 st October 2024. Reference and Admlnlstratlve Infomiation Charity Name . Chrysalis Youth and Community Project Charity Registratlon Number.. 1066871 Cornpany R8gistration Number . 03448225 Registered Office '. Active Centre Stansfield Road Airedale Castleford West Yorkshlr8 WF10 3UA Operational Address . Active Centre Stansfield Road Airedal8 Castleford West Yorkshire WF10 3UA DIreOr8 and Tru8ta88 Mr Michael Dixon Mr lan Kennedy Mr Antony Ball Mrs Joanne Murray Mrs Joanna Polnton Chaimian Key Senior Staff Mr Neil Kennedy Chief Executrve Officer Reporting Accountants. Haigh & Co, Grange Cottage. Womersley. Doncaster, DN6 9BW Bankers Naest Bank PIC, 3 Ropergatè, Pontefract, WF8 1 LH
CHRYSALIS YOUTH AND COMMUNITY PROJECT REPORT OF THE MANAGEMENT COMMIThEE FOR THE YEAR ENDED 31 OCTOBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT The trustees, who are also directors of the charity for the purposes of the Companles Act, present their annual report and the unaudit8d financial statements for the year ended 31 October 2024. This report has been prepared In accordance wth the Ststement or Recommended Practice . Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1st January 2015) and in accordan with the Companies Act 2006. Governing Docurnent Chrysalis Youth and Community Project is a registered charity, constituted as a company limited by guarantee and is therefore govemed by a Memorandum and Articles of Association with the liability of members in the event of a winding up being limited to £1 each. The company vms incorporated on 10 October 1997. Recruitment and Appolntment of Management Committee The directors of the company are also charlty trustees for the purposes of charity law and under the companys Articles ar8 known as members of the Management Committee. Under the r8qulrem8nts of th8 M8morandum and Articles of Asso¢iation th8 m8mbers of the Management Committee are elected to serve for a period of one year after lch they must be repelected at th8 n8Xt Annual General Meeting. The Management Committee comprises of members appointed by the Methodlst Church In collaboratlon wlth Its ecumenical partners, from local organisations. funding agencies (by invitstion), the Methodist Youth (Thcer. indlvlduals representing the Airedale community, young people in membership of the project elected at the Annual General Meeting by th8 m8mbers present and any others the Management Commlttee may consider approprfate. Trustee Induction and Tralnlng The Chaiity se8S the recruitment. selection and subsequent induction of a new director as an opportunty to improv8 the effectiveness of management of Chrysalis. When preparing to recruit the board of directors undertake a 'skills audit" to identify the skills, knoedge and experience required to perfom) effectively, and whether there are any skills gaps.The board actively seek to appoint new recruttments from a wider range of ages and of social and economic backgrounds. The charity provides a directors job description which highlights the directors responsibilities along with an induction programme and pack vthich contains a copy of Chrysalis's key documents. The supporting director meets the n8Y appointed director to discuss induction needs and to distribute key infornation such as the goveming document, accounts, minutes, organisational charts and infomiation about Chrysalis's policies. Risk Management The trustees actively review the major risks which the charity faces on a regular basis and will continue to increase reserves where n8cessary, combined with an annual review of the controls over k8y financlal systems and wlll provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confinn that they have established systems to mitigate the significant risks. Internal control rfsks are minimised by the implementstion of procedures for authorfsation of all transactlons and projects. Procedures are in plac8 to ensure compliance with health and safety of stsff. volunteers. clients and visitors to the centre.
CHRYSALIS YOUTH AND COMMUNITY PROJECT REPORT OF THE MANAGEMENT COMMITfEE FOR THE YEAR ENDED 31 OCTOBER 2024 Organlsatlonal Structuro Th8 charity has a Management Committee vtho meet monthly and are responsible for the strategi¢ direction and policy of the charity. A monthly Chlef Executive offi¢S report and individual section reports are presented and acted upon as necessary to ensure the charity meets its aims and objectives. The chief execuiive officer overse6S the strategic development of the project, whilst the centre and office managers deal with the day to day administration of the charity. Oiher senior staff include a computer manager and a garage supervisor. Related Parties In January 2006, Airedale Community Trading ( ACT ) Limited took control of Airedale Computer Recycling and AlrjaI8 Car Clinic. This is a subsidiary trading company, registered company number 05371056 and commenced to trade on 1 Novembor 2005. Chrysalis Youth and Community Project is the sole member of the company which is a single member private limited company. It was established to develop an income to aid sustainability and oversee and control its trading activities in line vèith its aims and objectives. As stipulated in the Articles of Association of Airedale Community Trading ( ACT ) Limited. any profits shall be covenanted to the company known 8s Chrysalis Youth and Community Project. registered company number 03448225 and registered charity number 1066871 as and when seen fft by the directors. ObJectlvo8 and Activities for the Publlc Boneflt The companys objectives are to promote the benefjt of the residents of the Yorkshire and Humber regions (the "area of benefit'} in particular but not exclusively young peopl8, wlthout dlstlnctlon of race. sex or political, religious or other oplnlon, by associating the ststutory authorities, voluntary organisations and individuals in a common effort to provide edu¢ational, cultural, soclal, welfare, training, recreational and leisure time facilities. with the aim of Improving the conditions of life for young people. The trustees Confimi that they have referred to th8 guidance contsined in the Charity Commission's general guidance on public benefit when reviewing its aims and objectives. The main objectives and adivities for the year continuad to focus on provlding youth facilities for Its area and self sustainablllty and self sufficiency. The principal aspects through which public benefit resultsd from the charlvs activities during the year were . The provision of dIOUnted refurbished computers and consumables to the general public, including a valuable recycling collection service wthin the Communty. The provision of a full garage pair s8NiC8 and MOT testing station to the general public and business, at discounted pric8S. The provision of room hire facilities. Achievements and Performance A new lease was taken on a shop to open a small comrnunity drop in on the local estate. This small hub offers a range of activities for the community. from small youth clubs, mums and toddlers groups to infonnation and advice for local residents. Funding was made available to run a motorbike Maintenan course which has recently finished. The project proved lo be successful with over 15 young people taking part on Monday aftemoons and leaming new skills around motorbike maintenan. anti-social behaviour cused by illegal off road motortiikes and the legalities of motorbik8 riding. The development of a community field at the rear of the project is neady completed and after several months of problems. it is finally ready to be seeded. The project continues to support other local organisations and groups, by provlding rent free spaces and buildings.
CHRYSALIS YOUTH AND COMMUNITY PROJECT REPORT OF THE MANAGEMENT COMMrrrEE FOR THE YEAR ENDED 31 OCTOBER 2024 Financial Revlaw The Statement of Financial Activities shows a net decrease in funds of £37,879, of lch £35,845 Is attrltable to depreciation. Our reseNes at the year end stsnd at £356.513. The levels of income and expenditure for this year and last year remain similar with no significant varlatlons. Prfnclpal Fundlng Sources Our primary sources of income remain rental income and ¢oven8nted proffts from our subsidiary Alredalè Community Trading (ACT) Limited, grants and donations along wilh being supported by our levels of reserves. Reserves Policy The present level of reserves is sufficient to run the projed for at least a period of six months. The directors and trustees consider the financial position of the charlty to be sallsfactory. Plans for Future Periods We are currently looking for additional funding to wn another Mot0k8 Maintenan course on the back of the success of the previous one. We continue to develop the Fery Fryston Community Hub, the small outreach centre to provide additional activities and resources to the local community. We are currenlly helping another small local wildlrfe organisation, with space and land for them to expand a new wildlrfe centre and hospitsl.
CHRYSALIS YOUTH AND COMMUNITY PROJECT REPORT OF THE MANAGEMENT COMMITfEE FOR THE YEAR ENDED 31 OCTOBER 2024 Rospon$lbllltles of the Management Commltteerrrustees Th8 trustees (who are also directors of Chrysalis Youth and Community Prol8Ct for the purposes of company law) are responsib18 for preparing the Trustees, Report {incorporating the directors, report) and the financial statements in accordance with appli¢able law and Unlt8d Kingdom Accounting Standards, including Financlal Reporting Standard 102: rhe Financial Reporting Standard applicable in the UK and Republic of Ireland {Unlted Kingdom Gen8rally Accepted A¢¢ountlng Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affalrs of the charitable company and of its income and expenditure of the charitable company for Ihat period. In preparing these ffinancial stat8ments, the trust88s are required to: select suitable accountlng policies and then apply them consistently; observe the methods and principles in the charltlas SORP. make ludgements and estimates that are reasonable and prudent. state whether appli¢able UK Accounting Stsndards have been followed, subject to any material departures disclosed and explained in th6 financial statements, and prepare th8 financial statements on the going concern basis unless it is inappropriate to assume that the charitable company will contlnue in business. The trustses a responsible for maintaining proper accounting records lCh disclose with reasonable accuracy at any time the financial position of the charitable company and enable th8m to ensure that the financial stat6ments comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitsble company and hence for tsking reasonable Steps for the prevention and detection of fraud and other Irregularities. M8rnbors of tho Management Committeerrru8te88 M8mbers of the Management Committee. who ar8 directors for the purpose of company law and trustees for th8 purpose of charlty law, who Seed during the year and up to the date of this report are set out on page 2. In accordance wth company law, as the company's directors, we certify that . In so far as th8 Management Committee is aware . there is no relevant audit information of which the charitable companvs auditors ar8 unaware: and The Management Committ8e have tsken all the steps that they ought to have taken in order to make themselves aware of any relevant audlt Infomatlon and to 8Stabllsh that the charity's auditors are aware of that infomiation. Independent Examiner Haigh & Co were appolnted as the charitable companys accountsnts and have expressed their willingness to continue in that capacity. Approval This report was approved by the Manag8m8nt Committee on 23rd July 2025 and signed on its behalf by . Mr M Dlxon Dlrector I Chairman
CHRYSALIS YOUTH AND COMMUNITY PROJECT INDEPENDENT EXAMINERS. REPORT TO THE TRUSTEES OF CHRYSALIS YOUTH AND COMMUNITY PROJECT I report to the charity tmst8es on my examinatlon of th8 accounts of th8 company for the y8ar ended 31 October 2024, which are set out on pages 8 to 17. Responsibilities and basls of report As the charitys trustees of the company { and also its directors for the purpose of company law ) you are responsible for the prepardtion of the aOunts in a¢GordanGe the requirements of the Cornpanies Act 2006 ("the 2006 Acr). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 21)06 A¢t and are 811gible for independent examination, I report in respect of my examination of your charivs accounts as carried out under section 145 of the Chariti8s Act 2011 {th6 "2011 Act"). In carrylng OLrt my examination I have followed the Directions given by the Charity Commission under section 145(5Mb) of the 2011 Act. Independent examiner'8 rnport I have compl8ted my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: l. 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 accounting 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 Irue and fairf view which is not a rnatter 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 Reporling Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to 8nabl8 a proper und8rstandlng of th8 accounts to be reached. MRS W M HAIGH HAIGH & CO (FCCA) GRANGE COThAGE, WOMERSLEY, DONCASTER, DN6 9BW DATED 23rd July 2025
CHRYSALIS YOUTH AND COMMUNITY PROJECT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2024 Unrtstricted Restricted Funds Funds Totsl Funds 2024 Total Funds 2023 Notes Incom8 and andowments from: Charitable activities 25,286 6.000 31.286 26.080 0th8r trading activities 621 621 913 Inveslments 1,593 1,593 1,184 Total 27,500 6.000 33,500 28.177 EXnlture on: Charitable actlvltl8S 77,239 28.177 105,416 90,095 Total 77,239 28.177 105,416 90,095 Net (expenditure)Ilncome (49,739) {22,177) (71,9161 161.9181 Other recognised gains 34.037 34.037 49.795 Net movomont In funds 115.702} 122.177> {37,879) {12,1231 Reconclllatlon of funds: Total fvnds brought forward 277,039 117,353 394,392 406,515 Total funds carrled forward 261,337 95,176 356,513 394,392
CHRYSALIS YOUTH AND COMMUNITY PROJECT BALANCE SHEET AS AT 31 OCTOBER 2024 2024 2023 Notes FIXED ASSETS Tangible assets 10 101,248 137,093 CURRENT ASSETS stock Debtors Short temi deposits Cash at bank and In hand 450 43,825 110,751 108,529 263,555 450 56.233 109,158 99,666 265,507 11 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 12 8.290 8.208 NET CURRENT ASSETS 255,265 257.299 NET ASSETS 356,513 394.392 FUNDS OF THE CHARITY Unrestri¢ted fvnds Restricted funds 14 14 261,337 95,176 356,513 277.039 117,353 394,392 The notes on pages 10 to 18 fomi part of these financial statements. For the year ending 31 October 2024 the compay was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtsin an audit of its accounts for the year in question in accordance with section 476, The dlrectors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and tha pparation of accounts. These accounts have been prepared in accordan the provisions applicable to companies subjeGt to the small companies, regime. Approved by the Management Committee on 23rd July 2025 and signed on its behalf by . Mr M Dixon Dlrector I Chairnian
CHRYSALIS YOUTH AND COMMUNITY PROJECT NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 1. A¢counting Policies Chrysalis YoLrth and Community Project is a charitable company limited by guarantee incorporated in England and Wales. The registered office is Activ& Centre, Stansfield Road, Alr8dale, Cast18ford, West Yorkshire, WF10 3UA. The principal accounting policies are summarised below. The a¢untIng policies have been applied consistsntly throughout the year and in the preceding year. 1.1 Basis of accountlng These financial ststements have been prepared under the hlstorlcal cost convention wlth Items recognlsed at cost or transaction value unless otherwise stated in the relevant note(s) to these financial statements. These financial statements have been prepared in a¢¢ordance th the Stat8m8nt of R8commended Pra¢tl¢g: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in th8 UK and R8publlc of Ireland {FRS 1021 (effective 1 January 2015), with FRS 102 itself and wth the Charities Act 2011. The charity constitutes a publi¢ benefit entity as defin8d by FRS 102. The finacial stat8m8nts ar8 pr8pared In sterfing, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. At the time of approving the financial statements, the trustees have a reasonable 8xp8Ctatlon that th8 company has adequate resources to continue in operational existence for the k)Seeable future. Thus the trustees contlnue to adopt th8 going concem basis of accounting in preparing the financial statements. In preparfng the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatemant of comparatlv8 It8ms was r8qulr8d. Th& truste8S have reviewed the transactions and have detemiined that no afflendrnent to the comparative figures is required. 1.2 Fund accountlng Unrestri¢t8d funds ar8 avallab18 for use at the discretion of the trustees in furtherance of the general oblectives of the charity. Restrlcted funds are subjected to restrictions on their expenditure imposed by the donor. 1.3 Income All Incoming resources are included in the statement of financial activities when the charity is entitled to the in¢om8 and th8 amount can b8 quantified with reasonable accuracy. The following specific policies are applied to particular categories of income . Voluntsry Income Is received by way of donations and is included in full in the Ststement of Financial Activities when receivable. The value of seNices provided by volunteers has not been included in these accounts. Income from charit8ble trading activity is accounted for wh8n 8amed and Is shown inclusiv8 of VAT. Investment income is included when receivable. Incomlng resources from grants are recognised when the charity becomes unconditionally entitled to the grant. 10
CHRYSALIS YOUTH AND COMMUNITY PROJECT NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 1.4 Expendlture Expenditure Is recognised on an accrual basis as a liabity is incurred, inclusive of any VAT and is reported as part of the expenditure to which it relates . * Charitable expenditure comprises those costs incurred by the charity in th8 delivery of its acttvities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. For management reporting and administrative purposes all costs for staff salaries and rent payable whlch are wholly attributable to the charity's subsidiary. Airedale Community Trading (ACT} Limited, and have been expended for by the ¢harity on behalf of th8 subsidiary and recharged back to the subsidiary in full have been netted off in these financial statements so as to eliminate the Inflatlon of the total incom8 and 8XP8ndltur8 figures. 1.5 Pensions The Charitsble company makes ¢ontributlons to a pension scheme on behalf of its employees. Contributions payable to this scheme are charged to the SOFA in the period to which th8y relate. 1.6 Tanglble fixed assots Fixed assets are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £500 are not capit81ised. Depreciation is provided at rates to write off the cost of each asset over its expected useful life as follows . Leasehold Property Equipment,Fixtures and Fittings Motor Vehicles 40/0 and 10 % pa on cost 20% pa on cost 250/0 reducing balance The management commlttee operate an annual policy review with respect to impairment of fixed assets. 1.7 Debtors Trade and other debtors are recognised at the setuement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.8 Cash at bank and in hand Cash at bank and in hand are basic financial assets and include cash In hand and deposlts held at call with banks. 1.9 Creditors and provisions Creditors and provisions are recognised wh8re the charity has a present obligation resulting from a past event that wll probably result in the transfer of fvnds to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are nomially recognised at their settlement amount after allowing for any trade discounts due. 1.10 Flnancial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 11
CHRYSALIS YOUTH AND COMMUNITY PROJECT NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 2. Income from: Unrestrlcted Restrlcted 2024 Total 2023 Totsl Charftable actlvltles Rental incoma Room hire Grants 14,396 10,890 14,396 10,8 6,000 14.620 11,460 6,000 25,286 6.000 31.286 26.080 3. Income from: Unrestrlcted Restrlcted 2024 Totsl 2023 Totsl Other trading actlvltles Sundry inGome 621 621 913 Inveslment incom8 Bank deposlt Interest 1,593 1,593 1.184 4. Expondlture on: Unrestrfcted Restrfcted 2024 Totsl 2023 Total Charltable actlvltles Advertising Salaries and pensions Rates Insurance Light and heat Rent Telephone and internet Legal and professional fees Audit and accountancy fees Wages- Motort)ike maintenance project Repairs and renewals Bank charges Equipment purchases Depreclation Sundry expenses 142 31.625 33.879 771 1,237 4,204 2,400 1,756 250 4,936 33,879 771 1.237 4.204 2.400 1.756 250 4.936 2.928 15.067 119 725 35,845 1.299 972 3.983 1.455 4.445 4.140 2.928 15,067 119 725 10,596 1.299 5.018 122 25.249 36,636 418 77.239 28.177 105.416 90,095 12
CHRYSALIS YOUTH AND COMMUNITY PROJECT NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 5. Other Recognlsed Galn81{108s8s) Unrestrlcted Rostrlctad 2024 Total 2023 Total Covenanted income 34,037 34.037 49.795 34,037 34,037 49.795 Covenanted in¢om8 repr8S8nts th8 profits which, as stipulated in the Articles of Association of Airedale Community Trading { ACT l Limited, registered company number 05371056, are to be covenanted at the dlscretion of the directors to the company known as Chysalis Youth and Community Project, registered company number 03448225 and r8glstered charity number 1066871. For the year ended 31 October 2024 £34,037 (2023 £49,795) of profits have been Covenanted to th8 charfty. 6. Net Outgolng Resources for the Year 2024 2023 D8preciation Audit and a¢¢ountsn¢y fees 35,845 4,936 36,636 4,140 7. Staff Costs and Numbers No remuneration was paid to the trustees in the year. nor were any trustees. expenses reimbursed. The stsff costs were as foll0v '. 2024 2023 Wages and salaries Social se¢urity costs Pension costs 34,694 (2,546) 1,731 32.036 (2,115) 1.704 33,879 31,625 The average nurnber of employees during the year, calculated on the basis of full tlm8 8qulvalents, was as follows . 2024 Number 2023 Number Manag8m8nt and administration Key Management Personn81 22.293 21.994 13
CHRYSALIS YOUTH AND COMMUNITY PROJECT NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 7. Staff Costs and Numbers Contlnued The charity operates a group personal pension plan for 1 (2023- 1) employee and a defined contribution scheme for the other employee's and along with the employee's makes monthly contributions to the scheme. The total cost of the Contributions mad8 by the charfty were £1.731 (2023 £1,704). At 31 October 2024, there were balances of £124 (2023 £48) outstanding. 8. Related Party Transactions During the year the charity traded wth Air8da18 Community Tradlng ( ACT ) Llmlted, for whlch th8 charlty Is the sole member of the company which is a single member private limited company. All the transactions were ¢onduct6d on a normal commercial basis. 2024 2023 Covenanted profits Year ended 31 October 2023 Year ended 31 Octob8r 2024 49.795 34,037 Purchases Staff Costs- Motorbike Maintenance Project 2,160 Sales Staff Costs Rent- Garage, Computers and Ebay 28.463 24.400 30,011 24,400 Th8 balances outstanding at the year end were Sales £4.526 (2023 £4.443), Purchases £1.728 (2023 £Nil) and covenanted profits £34,037 {2023 £49,795). There were no oth8r related party transactions. 9. Taxation As a charity, Chrysalis Youth and Community Project is exempt from tsx on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the exient that these are applied to its charitable objects. No tax charges have arisen in the Gharity. 14
CHRYSALIS YOUTH AND COMMUNITY PROJECT NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 10. Tanglble Fixed Assets Laasehold Equipment Land and Fixtures Bulldlngs Flttlngs Total Cost At 1 November 2023 Additions Disposals At 31 October 2024 816.440 150.810 967,250 816,440 150.810 967,250 Leasehold Equipment Land and Flxtures Buildings Flttlngs Total Accumulatsd depreciation At 1 November 2023 Charge for the year Disposals At 31 October 2024 693,705 31,799 136,452 4,046 830.157 35,845 725,504 140,498 866,002 Net l)ook value At 31 October 2024 90,936 10.312 101.248 At 31 Octobar 2023 122,735 14,358 137.093 11. Debtors 2024 2023 Trade debtors Prepayments other debtors Deed of covenant 7,361 1.793 634 34,037 4,602 1.720 116 49.795 43.825 56.233 12. Credltors: Amounts Falling Due withln One Year 2024 2023 Trade creditors A¢¢mals and d&f8rred Incom8 Taxation and social security Other creditors 2.688 4.155 782 665 1,097 3,229 1,207 2,675 8,2SYI 8,208 13. Analys18 of Net Assets Between Funds Analysls of Net Assets Between Fund - Current Year General Restrlcted Funds Funds Total Funds Tanglbl8 fixed assets Net assets 9,707 251,630 261,337 91,541 3,635 95,176 101,248 255,265 356,513 15
CHRYSALIS YOUTH AND COMMUNITY PROJECT NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 13. Analysls of Net Assets Between Funds Contlnued Analysis of Net Assets Between Fund - Prlor Year General Restrlcted Funds Funds Total Funds Tangible fixed assets Net assets 20,303 116,790 256,736 563 277,039 117,353 137.093 257,299 394,392 14. Movement In Funds Movement in Funds - Current Year At 1 November 2023 Incomlng Outgolng Resources Resources Transfvrs At 31 October 2024 Unrestrlcted funds General reseNe 277.039 61.537 77.239 261,337 Restricted funds Capital grant In¢om8 fund Motorbike project 110.674 6,679 18,570 6,679 2,928 92,104 6.000 3,072 Total restricted funds 117,353 6,000 28,177 95.176 Total funds 394,392 67,537 105.416 356,513 Purpo808 of Restricted Fund8 Capital grant.. This VRS grants reiVed to finance the construction and fitting out of a multi-purpose training, recycling and community garage facility for the community. All fix8d asset expenditure from the capital project has been capitalized as property within the balance sheet. The only outgoing resources being allocated against this fund is for annual depre¢i8tion charges. Income fund.. This represented various grants received which on the whole fundad th8 salarf8s and any specified capFtal expenditure relating to the funded projects. The only outgoing resources being allocated against this fvnd is for annual depreciation charges. Mofcfbike proj'ect.. This vms a grant reiVed from West Yorkshire Mayors Fund to COV8r the revenue costs of providing a motorbike maintenance course for young people.
CHRYSALIS YOUTH AND COMMUNITY PROJECT NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 14. Movement in Funds Contlnued Movement In Funds - Prfor Year At 1 November 2022 Incoming Resources Outgoing Resources Transfers At 31 October 2023 Unrastrfcted funds General reserve 257,363 77.972 58.296 277,039 Restrlcted funds Capital grant In¢om6 fijnd 129,244 19,908 18,570 13,229 110,674 6.679 Total re8tncted funds 149,152 31,799 117.353 Total funds 406,515 77.972 90,095 394,392 Purposes of Restricted Funds Capital gTrnt.' This was grants received to finance the construction and fftling out of a multi-purpose training, recycling and communty garage facilty for the community. All fixed asset exp8nditure from the capital project has been capitalized as prop8ty withln th8 balanc8 sheet. The only outgolng resources being allocated against this fund is for annual depreciation charges. Income fund.. This represented various grants recetved which on the whole funded the salaries and any specified capital expenditure relating to the funded projects. The only outgoing resources being allocated against this fvnd is for annual depreciation charges. 15. Financial Commllmonl8 At 31 October 2024 the charity had total commitments of £18,400 (2023 £20,000) under nonacancellable operating leases. 17