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
DIre￿Or8 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
Na￿est 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, kno￿edge 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 n8￿Y 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
Alr￿jaI8 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 dI￿OUnted 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 Mot0￿￿k8 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 Se￿ed 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 a￿Ounts 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
EX￿n￿lture 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 p￿paration 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 re￿iVed 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 re￿iVed 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