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2025-10-31-accounts

Draft Financial Statements at 03 July 2026 at 10:45:57

Company registration number 03448225 (England and Wales) Charity registration number 1066871 (England and Wales)

CHRYSALIS YOUTH AND COMMUNITY PROJECT

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

Draft Financial Statements at 03 July 2026 at 10:47:19 CHRYSALIS YOUTH AND COMMUNITY PROJECT

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees And Directors Mrs J C Pointon
Mr A Ball
Mr M Dixon
Mr I M Kennedy
Trustee only Mrs J Murray
Senior management Neil Kennedy Chief Executive Officer
Country of incorporation United Kingdom 03448225
(England and Wales)
Charity registration England and Wales 1066871
Registered office The Active Centre
Stansfield Road
Airedale
Castleford
West Yorkshire
WF10 3UA
Independent examiner Nicholas Gooch FCA Msc Bsc
Grange Cottage
Fulham Lane
Womersley
Doncaster
DN6 9BW
Accountants Haigh Accountants Limited
Grange Cottage
Fulham Lane
Womersley
Doncaster
DN6 9BW
Bankers Natwest Bank PLC
3 Ropergate
Pontefract
West Yorkshire
WF8 1LH

Draft Financial Statements at 03 July 2026 at 10:47:19 CHRYSALIS YOUTH AND COMMUNITY PROJECT

CONTENTS

Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 17

Draft Financial Statements at 03 July 2026 at 10:47:19 CHRYSALIS YOUTH AND COMMUNITY PROJECT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 OCTOBER 2025

The trustees, who are also directors (with the exception of Joanne Murray) of the charity for the purposes of the Companies Act, present their annual report and the unaudited financial statements for the year ended 31 October 2025. This report has been prepared in accordance with the Statement of 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 accordance with the Companies Act 2006.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".

Objectives and activities

The company's objectives are to promote the benefit of the residents of the Yorkshire and Humber regions (the "area of benefit") in particular but not exclusively young people, without distinction of race, sex or political, religious or other opinion, by associating the statutory authorities, voluntary organisations and individuals in a common effort to provide educational, cultural, social, welfare, training, recreational and leisure time facilities, with the aim of improving the conditions of life for young people.

Public benefit

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing its aims and objectives. The main objectives and activities for the year continued to focus on providing youth facilities for its area and self sustainability and self sufficiency.

The principal aspects through which public benefit resulted from the charity's activities during the year were :

Achievements and performance

Significant activities and achievements against objectives

A new community field has been created at the rear of the project, to develop community activities and local community events. Ferry Fryston Community Hub is now open and running. This new hub provides a wide range of services to the local community. Mother and baby/toddlers groups are organised two mornings per week and proving popular. Two evenings per week are allocated to providing young people aged 9-11 years old and 11-14 years old a new drop in youth club facility, where they can come, and do a wide range of activities, homework, and support.

Funding has been granted to provide local adults access free online courses, basic first aid, food hygiene and autism awareness are proving popular with a good take up. Funding has also been submitted to provide a healthy eating (free lunches) and free activities to local children throughout the summer holidays.

Financial review

The Statement of Financial Activities shows a net decrease in funds of £66,002, of which £23,750 is attributable to depreciation. Our reserves at the year end stand at £290,511. The levels of income and expenditure for this year and last year remain similar with no significant variations.

Draft Financial Statements at 03 July 2026 at 10:47:19 CHRYSALIS YOUTH AND COMMUNITY PROJECT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

Reserves policy

The present level of reserves is sufficient to run the project for at least a period of six months. The directors and trustees consider the financial position of the charity to be satisfactory.

Principal Funding Sources

Our primary sources of income remain rental income and covenanted profits from our subsidiary Airedale Community Trading (ACT) Limited, grants and donations along with being supported by our levels of reserves.

Major risks

The trustees actively review the major risks which the charity faces on a regular basis and will continue to increase reserves where necessary, combined with an annual review of the controls over key financial systems and will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors to the centre.

Plans for future periods

The project continues to support local groups and organisations with premises, and rent free spaces and additional support where needed. The motorcycle maintenance course has been paused while other funding options are evaluated. The course proved very popular and the charity hopes to find further funding so it can be restarted and developed further.

Structure, governance and management

Chrysalis Youth and Community Project is a registered charity, constituted as a company limited by guarantee and is therefore governed 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 was incorporated on 10 October 1997.

The Trustees and Directors, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Mrs J C Pointon

Mr A Ball Mr M Dixon Mr I M Kennedy

Recruitment and appointment of trustees

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

The Management Committee comprises of members appointed by the Methodist Church in collaboration with its ecumenical partners, from local organisations, funding agencies (by invitation), the Methodist Youth Officer, individuals representing the Airedale community, young people in membership of the project elected at the Annual General Meeting by the members present and any others the Management Committee may consider appropriate.

The charity sees the recruitment, selection and subsequent induction of a new director as an opportunity to improve the effectiveness of management of Chrysalis. When preparing to recruit the board of directors undertake a "skills audit" to identify the skills, knowledge and experience required to perform effectively, and whether there are any skills gaps. The board actively seek to appoint new recruitments from a wider range of ages and of social and along with an induction programme and pack which contains a copy of Chrysalis's key documents. The supporting director meets the newly appointed director to discuss induction needs and to distribute key information such as the governing document, accounts, minutes, organisational charts and information about Chrysalis's policies.

Draft Financial Statements at 03 July 2026 at 10:47:19 CHRYSALIS YOUTH AND COMMUNITY PROJECT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

Organisational structure

The charity has a Management Committee who meet monthly and are responsible for the strategic direction and policy of the charity. A monthly Chief Executive Officer's report and individual section reports are presented and acted upon as necessary to ensure the charity meets its aims and objectives. The Chief Executive Officer oversees the strategic development of the project, whilst the computer, garage and office managers deal with the day to day administration of the charity.

Relationship with related parties

In January 2006, Airedale Community Trading ( ACT ) Limited took control of Airedale Computer Recycling and Airedale Car Clinic. This is a subsidiary trading company, registered company number 05371056 and commenced to trade on 1 November 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 with 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 as Chrysalis Youth and Community Project, registered company number 03448225 and registered charity number 1066871 as and when seen fit by the directors.

The trustees' report was approved by the Board of Trustees And Directors.

..............................

Mr M Dixon Chair of trustees

Date: .............................................

Draft Financial Statements at 03 July 2026 at 10:45:57 CHRYSALIS YOUTH AND COMMUNITY PROJECT

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES AND DIRECTORS OF CHRYSALIS YOUTH AND COMMUNITY PROJECT

I report to the Trustees and Directors on my examination of the financial statements of Chrysalis Youth and Community Project (the charity) for the year ended 31 October 2025.

Responsibilities and basis of report

As the Trustees and Directors of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

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

Independent examiner's statement

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

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

Nicholas Gooch FCA Msc Bsc

Grange Cottage Fulham Lane Womersley Doncaster DN6 9BW Date: ............................

Draft Financial Statements at 03 July 2026 at 10:47:19 CHRYSALIS YOUTH AND COMMUNITY PROJECT

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 OCTOBER 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
3
16,331
834
Charitable activities
4
11,390
-
Other trading activities
5
58,215
-
Investments
6
1,311
-
Total income
87,247
834
Expenditure on:
Charitable activities
7
132,135
21,948
Total expenditure
132,135
21,948
Net expenditure and
movement in funds
(44,888)
(21,114)
Reconciliation of funds:
Fund balances at 1 November
2024
261,337
95,176
Fund balances at 31 October
2025
216,449
74,062		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
17,165
34,037
6,000
11,390
10,890
-
58,215
55,218
-
1,311
1,593
-
88,081
101,738
6,000
154,083
117,440
28,177
154,083
117,440
28,177
(66,002)
(15,702)
(22,177)
356,513
277,039
117,353
290,511
261,337
95,176		 Total
2024
£
40,037
10,890
55,218
1,593
107,738
145,617
145,617
(37,879)
394,392
356,513

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

Draft Financial Statements at 03 July 2026 at 10:47:19 CHRYSALIS YOUTH AND COMMUNITY PROJECT

BALANCE SHEET

AS AT 31 OCTOBER 2025

Notes
Fixed assets
Tangible assets
12
Current assets
Stocks
13
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within
one year
15
Net current assets
Total assets less current liabilities
The funds of the charity
Restricted income funds
17
Unrestricted funds
18		 2025
£
-
18,613
198,848
217,461
(4,448)		 £
77,498
213,013
290,511
74,062
216,449
290,511		 2024
£
450
43,825
219,280
263,555
(8,290)		 £
101,248
255,265
356,513
95,176
261,337
356,513

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 October 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the Trustees and Directors on .........................

..............................

Mr M Dixon Chair of trustees

Draft Financial Statements at 03 July 2026 at 10:47:19 CHRYSALIS YOUTH AND COMMUNITY PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

1 Accounting policies

Charity information

Chrysalis Youth and Community Project is a private company limited by guarantee incorporated in England and Wales. The registered office is The Active Centre, Stansfield Road, Airedale, Castleford, West Yorkshire, WF10 3UA.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees and Directors have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees and Directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Draft Financial Statements at 03 July 2026 at 10:47:19 CHRYSALIS YOUTH AND COMMUNITY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised on an accrual basis as a liability is incurred, inclusive of any VAT and is reported as part of the expenditure to which it relates :

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements 4% or 10% on a straight line basis Equipment Fixtures Fittings 20% on a straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

The costs of minor additions or those costing below £500 are not capitalised.

The Trustees operate an annual policy review with respect to impairment of fixed assets.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Draft Financial Statements at 03 July 2026 at 10:47:19 CHRYSALIS YOUTH AND COMMUNITY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

1 Accounting policies

(Continued)

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13 Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor.

Draft Financial Statements at 03 July 2026 at 10:47:19 CHRYSALIS YOUTH AND COMMUNITY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Trustees and Directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Grants
-
834
Covenanted profits from
subsidiary
16,331
-
16,331
834		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
834
-
6,000
16,331
34,037
-
17,165
34,037
6,000		 Total
2024
£
6,000
34,037
40,037

4 Income from charitable activities

Youth and Youth and
Community Community
Project Project
2025 2024
£ £
Room hire 11,390 10,890
Analysis by fund
Unrestricted funds 11,390 10,890

5 Income from other trading activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Sundry Income 380 621
Expenses recharged to subsidiary 57,835 54,597
Other trading activities 58,215 55,218

Draft Financial Statements at 03 July 2026 at 10:47:19 CHRYSALIS YOUTH AND COMMUNITY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

6 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 1,311 1,593

7 Expenditure on charitable activities

Youth and Youth and
Community Community
Project Project
2025 2024
£ £
Direct costs
Staff costs 88,170 64,080
Depreciation and impairment 23,750 35,845
Rates 1,486 771
Insurance 1,328 1,237
Light and heat 4,234 4,204
Rent 17,200 12,400
Telephone and internet 2,357 1,756
Legal and professional fees - 250
Accountancy fees 5,165 4,936
Repairs and renewals 4,609 15,067
Bank charges 152 119
Equipment purchases 1,134 725
Sundry expenses 1,353 1,299
Wages - Motorbike maintenance project 2,544 2,928
Training costs 450 -
Advertising 151 -
154,083 145,617
Analysis by fund
Unrestricted funds 132,135 117,440
Restricted funds 21,948 28,177
154,083 145,617
8 Net movement in funds 2025 2024
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements 5,165 4,936
Depreciation of owned tangible fixed assets 23,750 35,845

Draft Financial Statements at 03 July 2026 at 10:47:19 CHRYSALIS YOUTH AND COMMUNITY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

9 Trustees And Directors

None of the Trustees and Directors (or any persons connected with them) received any remuneration or benefits from the charity during the year.

10 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
4 3
Employment costs 2025 2024
£ £
Wages and salaries 80,495 62,342
Social security costs 5,968 7
Other pension costs 1,707 1,731
88,170 64,080

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

The remuneration of key management personnel was as follows:

2025 2024
£ £
Aggregate compensation 45,594 44,586

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

Draft Financial Statements at 03 July 2026 at 10:47:19 CHRYSALIS YOUTH AND COMMUNITY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

12
Tangible fixed assets
Leasehold
improvements
£
Cost
At 1 November 2024
816,440
At 31 October 2025
816,440
Depreciation and impairment
At 1 November 2024
725,504
Depreciation charged in the year
19,704
At 31 October 2025
745,208
Carrying amount
At 31 October 2025
71,232
At 31 October 2024
90,936
13
Stocks
Finished goods and goods for resale
14
Debtors
Amounts falling due within one year:
Trade debtors
Amounts owed by subsidiary undertakings
Other debtors
Prepayments and accrued income
15
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 Equipment
Fixtures
Fittings
£
150,810
150,810
140,498
4,046
144,544
6,266
10,312
2025
£
-
2025
£
654
16,180
600
1,179
18,613
2025
£
-
271
18
4,159
4,448		 Total
£
967,250
967,250
866,002
23,750
889,752
77,498
101,248
2024
£
450
2024
£
7,361
34,037
634
1,793
43,825
2024
£
782
2,688
665
4,155
8,290

Draft Financial Statements at 03 July 2026 at 10:47:19 CHRYSALIS YOUTH AND COMMUNITY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

16 Retirement benefit schemes
2025 2024
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 1,707 1,731

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

At the end of the year there were balances of £18 (2024: £124) outstanding.

17 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 Incoming Resources At 31 October
November resources expended 2025
2024
£ £ £ £
Capital grant 92,104 - (18,570) 73,534
Motorbike project 3,072 - (2,544) 528
Spectrum people - 834 (834) -
95,176 834 (21,948) 74,062
Previous year: At 1 Incoming Resources At 31 October
November resources expended 2024
2023
£ £ £ £
Capital grant 110,674 - (18,570) 92,104
Income fund 6,679 - (6,679) -
Motorbike project - 6,000 (2,928) 3,072
117,353 6,000 (28,177) 95,176

Draft Financial Statements at 03 July 2026 at 10:47:19 CHRYSALIS YOUTH AND COMMUNITY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

17 Restricted funds

(Continued)

Capital grant

This was grants received to finance the construction and fitting out of a multi-purpose training, recycling and community garage facility for the community. All fixed asset expenditure from the capital project has been capitalised as property within the balance sheet. The only outgoing resources being allocated against this fund is for annual depreciation charges.

Motorbike project

This was a grant received from West Yorkshire Mayors Fund to cover the revenue costs of providing a motorbike maintenance course for young people.

Spectrum People

This was a grant received to finance the purchase of outside play equipment for our community hub in Ferry Fryston. At the year end all the income had been expended.

18 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1
November
2024
Incoming
resources
Resources
expended
At 31
£
£
£
General funds
261,337
87,247
(132,135)
Previous year:
At 1
November
2023
Incoming
resources
Resources
expended
At 31
£
£
£
General funds
277,039
101,738
(117,440)
Analysis of net assets between funds
Unrestricted
Restricted
funds
funds
2025
2025
£
£
At 31 October 2025:
Tangible assets
3,964
73,534
Current assets/(liabilities)
212,485
528
216,449
74,062		 October
2025
£
216,449
October
2024
£
261,337
Total
2025
£
77,498
213,013
290,511

19 Analysis of net assets between funds

Draft Financial Statements at 03 July 2026 at 10:47:19 CHRYSALIS YOUTH AND COMMUNITY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

19 Analysis of net assets between funds

Analysis of net assets between funds (Continued)
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 31 October 2024:
Tangible assets 9,707 91,541 101,248
Current assets/(liabilities) 251,630 3,635 255,265
261,337 95,176 356,513

20 Operating lease commitments

Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025 2024
£ £
Within one year 12,000 18,400

21 Related party transactions

Transactions with related parties

During the year the charity entered into the following transactions with related parties:

Sale of goods Purchase of goods Purchase of goods
2025 2024 2025 2024
£ £ £ £
Airedale Community Trading Limited - - 2,472 2,160
- - 2,472 2,160
Donations Received Costs recharged
2025 2024 2025 2024
£ £ £ £
Airedale Community Trading Limited 16,331 34,037 57,835 54,597
16,331 34,037 57,835 54,597

At the end of the year Airedale Community Trading Limited owed the charity £16,180 (2024: £34,037)

At the year end the CEO Neil Kennedy owed the charity £19 (2024: Nil).

Draft Financial Statements at 03 July 2026 at 10:47:19 CHRYSALIS YOUTH AND COMMUNITY PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025

21 Related party transactions

(Continued)

All transactions were undertaken on normal commercial terms.

22 Subsidiaries

Separate company financial statements are required to be prepared by law. Consolidated financial statements are not prepared because the group is small.

Details of the charity's subsidiaries at 31 October 2025 are as follows:

Name of undertaking Registered Nature of business Class of % Held
office shares held Direct Indirect
Airedale Community Trading
The Active		 Provider of MOT testing and 100.00
Limited Centre, services and computer
Stansfield Road, recycling and repair
Castleford, WF10
3UA

The aggregate capital and reserves and the result for the year of subsidiaries excluded from consolidation was as follows:

Name of undertaking Profit/(Loss) Capital and
Reserves
£ £
Airedale Community Trading
Limited 14,663 142,885