2024-12-31-accounts

CHRYSALIS YOUTH EMPOWERMENT NETWORK ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 WEBSITE: *vAv. en.onlin

Trustsos Dr O Taybr Coh C Foster D 8ale N Geaney C Newcombe N Pantei Charlty number 1158392 Page Trusl¢es' report Independent examine¢8 report Slalemenl of financid activitie5 Balance sheet Not•$ lo the financial $tOtgment$ 8-13

The trustees present their reFQrt and financial ststements for the year ended 31 De¢ember 2024. The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the financial slalemenls and Comply with the Charity's goveming document. the Charities Act 2011 and "Accounting and Reporting by Charities. Statement of Recornmended Pracb"ce applicable to charities preparing their ae¢ounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for arAunting peri¢)ds commencing from 1 January 2016). Oblectlves and actlvltle• The charity's obiects are.. 1. To advance in life and relieve needs of African young people 2. To promote children's rights 3. To prevent and relieve povety in Afr 4. To advance the education of the Afr￿an public in conservalion, protection and improvement of the natural environment The policies adopted in furtherance of these objects are the maintenance of a risk register, a child prolo¢lion policy. a reserves policy and the maintenance of a confl¢ts of Inte￿$t wister. There has been no Change in the policies during the year. The trustees have paid due re9ard to gu￿anC* issued by Chanty Commission in decKling vlhal activities the charity should undertake. MISSION STATEMENT Chrysalis Youth Empowerment Ne￿ork exists to provide financial support. training, advice and guidance to youth in Uganda that are prepared lo create change in their cornmunilies and society Our vision is lo see all youth In Africa achieve their polenlial, creating an Africa thal leads Ihe world In creativity, social enlerprise and selflessness. OVERVIEW OF THE WORK OF CHRYSALIS IN UGANDA, WHICH IS SUPPORTED BY CYEN Since Its launch in 2012. CYEN has been working with Chrysalis. a non-govemment81 organisalion INGOI in Uganda lo develop and expand the 8utteffiy Project sel up for young people laged 12-20 years) living in povety. 11 is a unique project designed lo empower these young people lo become the calalysls for ¢omrnunity change and social entfepreneurs of the future As well as 5UPPOrting the training of these young people. CYEN also idenbfies sponsors, who will cover the school fees for them to receive secondary e<lu¢alion. CYEN achieves Ils goals by covering the costs of three youth eenlres and one secondary school in Uganda, one in a slum area of the caprtal. Kampala. one al Koro in northern Uganda and one al the secondary ￿h0o1 in Lagwe Dola in Omoro District These cenlres lone slalioned at the secondary

sch¢)oll provide leaming and fun activities for children of all ages. and a training plattorm for those interested in creating change in their communities. with a special focus on athletics and board games. By connecting talented youth lo experts and social entrepreneurs in the UK and elsewhere, CYEN helps inspire youth and also raises awareness of the capabilities of youth in Africa, encouraging investment and policy changes in favour of a broader variety of practical education in Africa. 2022 saw the full launch of the Chrysalis Se¢ondary School in Omoro District and CYEN sponsors now 70+ secondary school pupils to A bevel al the school. The rurally-localed school Offers a uniqua style of educalK)n. with multimedia lessons. entrepreneurial and hobby activities al weekends, coached sports, girls. and boys, empowerment projects. wildlife conservabon projects. evening and weekend educative films and a range of ath"vrties designed to help leach effective decision-making. CYEN also supports several young people from the Butterlly Project in unNersity and in 2024 there were len students studying at a vanety of Kampala universrties. SERVICE DELIVERY IN UGANDA DURING 2024 During 2024, Chrysalis focused on improving and dev?loping its school During the yèar there were four major areas of activity and development. These were.. The developmont ol clubs at the Chrysalis Secondary Schoo1 in response to government direcllves for sch¢X*ls to implement more extra<urricular activities The Platinum Kids Athletics League contsnued to fiourish. with the team winning second place In the national Primary School athlebcs competition The 2024 Uganda Village Boardgame Convention developed a science theme this year. where science teachers did excrting expenffents and science orienlaled boardgames were played We insligaled an environment and tree•planling project amon9sI the students Iri9hll The Music Programme was moved in-house and expanded into a proje¢l loeused around idenlfying talented children in rural areas

Financial r8view 11 Is the policy of the charity that unrestricted fvnds. which have not been designated for a specific use, should be maintained al a level equwalent to be￿een Ihree and six mnlh's expenditu￿. The Iruslees consider that reserves al this level will ensure IhaL in the event of a Signifi￿nt drop in funding, they will be able lo continue the charity's current activrties. whilst considerabon is given to ways in which additional funds may be ra15ed. The trustees have assessed the major fisks to which the chanty is exposed, and are satisfied that syslems are in place to mits.gate expoSLtre to the major risks. Stru¢ture. governance and managèment The charity is controlled by its governing document. a deed of Irusl. and is constituted as a charitable trust, as defined by the Charibes Act 2006 The Iruslees who seNed during the year and up to the date of signature of the fi'nancial statements were.. C. Parkinson D.Bale c.oh C.Fosler Dr D Taylor N Panter CL Newcombe None of the Iruslees has any beneficial interest in the chanty. Trustees are recrurted by recommendation and interviewed ai a regular toard meeting. MANAGEMENT STRUCTURE STAFF The Charity Board are all volunteers. Thoffj are no paid stsff. Funds are raised to support Chrysalis Uganda, a company Limited by guarantee and an NGO, wh￿h operates the Butterfy Project and Chrysalis Schcol in Uganda. VOLUNTEERS Many from the congregat￿n of Small Heath Baptist Church. Ben Parkinson acts on a voluntary basis for CYEN. providing accounting support. as well as liaising for the trust in Ihe UK and Uganda and co-ordinating UK sponsors. DONORS AND INCOME GENERATION This year saw a continuatson of donatson of items to the proiecl. such as antiques to be ¥old to generate income and ilerns to be taken to Uganda for use al the Centres and the school." these

included laptops, USB drives. tsblels. children's reading books. sports. equip￿￿nI elc. We would like lo give special thanks to all of the people who donated money or equipment Thanks also lo Dr Christine Parkinson, who masterminded the E8ay and ¢ar boot sales, which provided regular income to the charity thfoughout the year. Thanks loo lo Matthew Leacock, the designerof Ihe Pandemic board game. Paul Grogan of Gaming Rules for their support this year ￿th the board game developments that took place in Uganda, as well as hundfeds of board game players around the Wofld who responded to our fundraisers. In addition, donations were received from many individuals. both personal and from their organisalions. The trustees, report was approved by the Board of Trustees. Dr Denise Taylor Trustee Dated 18 August 2026

CHRYSALIS YOUTH EMPOWERMENT NETWORK INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHRYSALIS YOUTH EMPOWERMENT NETWORK I report to the trustees on my exarn1nat￿n of the financial statements of Chrysalis Youth Empowem*nt Network Ilhe charity) lor the year en¢Jed 31 December 2024. R&sponslbllltl•s and basbs of r•port As the Iruslees of the eharity you are responsibie I￿ the preparabon of the financial statements in o¢cordanee with the requirements ol the Chanlies Act 2011 (the 2011 Acll I report in respect of my examination of the charity's financial statements camed out under section 145 of the 2011 Act. In carrying out my examination I have lollo%th all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Indep•ndènt examlner's statement Your attention Is drawn to the lacl that the tharity has prepared finanaal statements in accordance with Accounting and Reporting by Charities preparing their a￿Ount$ In aecofdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preferen￿ to the Accounting arKI Reporting by Charities.. Statement of Recommended Prath"ce Issued on 1 April 2005 whith 1$ referred to in th¢ extant regulations bui ha5 now been %wthdrawn. l understand Ihat this has Wn done in order for firwKial slalem•nts to provide a true and fair view in accordance with Gènerally Accepled Accounbng Practs.￿ effective for reporting yriods beginning on or after 1 January 2015. I havg completed my examination. I confim that no mattels have come to my attenlion in connection wrth the examination givin9 me cause lo believe that In any matenal respect" 8ccounling records were not kept in respect ol the charity as rnquired by section 130 of the 2011 Act.. or the finan¢ial slalemenls do not accord wth those records". or the financial statements do not eomply ¥wth the apkSic8ble requirements conceming the form and conlenl of accounts sel out in the Charities (Accounts an¢J ReFQrtsl Regulations 2008 other than any requirement that the accounts give a true and f8if view which is not a matter considered gs part of an indgpendgnl examination. A material error was discovored in thè 2023 accounts and this ha$ beén dealt wth in 2024 05 8 prior year adjuslmonl in an appropriate manner. Irrformation al Note 9 to th• finanryal stalemenl$ 18 con8ider•d 8dequale. I have no concems and have ¢om¢ across no other matters in connection wlh the examination lo which attention Should be drawn in this rewt in order ￿ enable a proper uThJerstanding of the financial statements lo be reached. Barrie 8uels FCCA FCIE Cfeslmere Limited Unil F1. Inlec. Parc Manai Bangor LL57 4FG Dated." 18 August 2026

Chrysalis Youth Empoerment Nemork Statement of financlal attivities lincorporaring an income and expenditure accoufi For the year endeil 31 Decernber 2024 2024 Toial 2023 Restricted Toral £ £IRestatedl UnrestTlCftd Restncted Unrestficted EIResiaied) Incorne from Donations and legacies Total income 125.919 648 126.567 132,902 12.582 145,484 125.919 648 126.567 132.902 12,582 145,484 Expenditure on Charitable actiwties Chrysalis Uganda c05tS Other Operating Costs Administration and Eiavel Consrruciion and tlèvtlopmeni 112.649 2.167 1.545 13,899 126.548 2,167 1.545 140.158 1.120 2.770 140.158 2,770 42.280 42,280 Total expendllure 116.361 13,899 130.260 144.048 42,280 186,328 Net incomè i (expenditure) fc the year 9.558 (3.693) 111.1461 129.6981 140,8441 Transfers between funds Nei rnovement In funds 9.$58 13.6931 129.6981 140,8441 Reconciliarlon of fund5 Total funL1s brought lo￿ard Total funds rarrled forward (13,7491 15.302 1,553 12,603? 45,000 42,397 2.OSI 12.1401 113.7491 15,302 1.553 All of ibt abtsvè Tesulis aTE dEwl¥ed fwom coniinuifi9 atlTrlliÈs. ThT* V4trt htr oihEv yins or lossts ￿kn¢T IhaA thtsst 51a¥ed above. Movernenis In lunds art dlstk)sed in P4ote8 io iht liThancial siaitmtnis.

Chrysalis Youth Empowefmeni Nets¥ork Balance sheet 2024 2023 £IRestatedl EIRestatedl Note Curreni a55eis'. Debiors Cash ar bank and in hand 2.912 448 4,303 3.360 4,303 Creditors.. amounts fallln9 due wiihin one year 5.51)0 2.750 Net current assets I Iliabilnie51 12.1401 1.553 Toral net assets I Iliabiliiiesl 12.1401 1.553 The funds of the charirv.. Restricted income funds Unrestricted incorne funds.. Ceneral fund5 2.051 15,302 (13,7491 Toial unrestrlcttd funds 113.7491 Total charlty funds 12,1401 I,SS3 These flnancial statements were approved by the Tfusiee5 on and signed on thelr behalf by Dr Denlse Taylof. Trustet Date.. 18 Au9USt 2026

Chrysali5 Youth Empowerment Nets¥ork Notes to Ihe finaTrc4al statements r 2024 l Accountin9 policles al Company inforrnation Chrysalis Yourh Emp¢7rtefment Ne￿Ork 15 a charity re9lStered ¢n England Vdlth re9lStration number l 1 $8392. Its re9lStered office addre55 is 31 Prince of Waleslane, Vwdley wood. Birmingham. 814 4LB. bl Basis of preparation The financial staiement5 have been prepared in accordance with AcctyJnting and Reportlng by Charitles.. 5tarement of Recornmended Prartice applicable io chariiies preparing their accounts In accordance wilh the FSnancial Reporring Standard applicable In the UK and Republic of Ireland IFRS 1021 (effective l January 20191 (Charities SORP FRS 102). The Financlal Reporting StanLlard applicable In the UK ané Republic of Ireland IFRS 1021 and update 8ulletin 2. and the Charities Act 2011. The accounts are presenteé In GBP rounded to £ I, which is the funcrional turrÈncy of the charity. A5ser5 and Iiabllities are Iniiially reco9nised at hisiorlcal cost or transaction value unless otherwise Stated in rhe relevani accounting policy or noie. cl Publlc benefit entity The charitable company mèèts th* definition of a public bentfii eniity under FRS 102. dl Goin9 conctrn The trustee5 assess wheiher lh¢ use of going concern Is appropriate i.e. whether ihere are any material uncertainties related to events or t the 9oln9 conttrn basls In preparifig thè financial staiements. el Incomt Income, Includtft9 from Goveinmenr and other grants. whethtr'capltal. or'lncornt,. Is recognised when the charity ha5 eniitlement to rhe funds. any performance Conditions attached to the Income have been rnet. It 15 probable Ihai Ihe Income will be received and (har the amount can be measureo reliablv. Incorne for programmes spanning or mort accounting periods is allocated over tht period to whlch relaies in order to more accuraiely rec¢)gnsse ihe performance conditions 355¢xiaied with this income. Income received in advance of delivery of a specified serwce 15 deferred until the criieria for Income recognition is met. ft Donations of 9ifts. services and fa<iliiies Donated profe5510n315ervices and donated faclllties are recognised as income when the charlty has control over the item or has rtteived the service. On rtctlgl. donated gifts. professional Services and donated fa<ilities are recognised on Ihe basis of the Value tsf the gift ro the charity which is the amount the charlty would have been willing io pay ro obtain services or faciliries of equivalent economic benefii on ihe open market.. a correspondirsg amouni is thtn recognlsed in expendilure In the Period of receipt. In accordance with the Charities SORP IFRS IOZ), volunteer rime is not recognised so refer io ihe iru5tee5' annual report fol more Information about their £oThiribution. g) Interest receivable Interest on funds held on deposit is included when receivable.

Chrysalis Youth Empowerment Network Notes to rhe financial statements ear en l Accouniing policies Icontinuedl h) Fund accounting Resrricted fund5 are ro be uset1 for specific purposes a5 laid tlown by the donor. Expendiiure whiih meets these criteria is charged ro the fund. Unrestricted funds are donaiions and other incoming resources recei¥ed or gentrated for the charitable purpose5. Deslgnated fund5 are unre51ricted funtls earmarked by the irusiees for particular purp05e5. l) Expenditure and irrecoverable VAT Expenditure 15 recognised once there is a legal or constructive obligation io make a payment to a third party, it is probable that settlement will be required and the amount of rht otsli9ation can be measured reliably. Expenditure is classifiod under tho fo11•4n9 aciivity headings Costs of ra15ing fund5 relaie 10 the costs incurred by the charitable cornpany Inducin9 thlrd parties io rnake voluntary contributions to it. as well as rht cost of any aitivities with a fundraisin9 purpose. Expendirure on charitable ac¢i¥nties Include5 Ihe cosis of offerin9 fellchvships and delivering related servi<es undertaken to fLtrther the purposes of the charity and iheir associated support COSt5. Other expentlilure represents those Item5 noi falling In¢0 3ny other heading. Irrecoverable VAT is char9ed a5 a c05t againsi th aCtI￿ty for which lh expenditure w35 Incurred. 11 Allocation of suppori cog15 Resources expended are allocated to the pariicular actlvlty where rhe cosi relates directly 10 that aciivitv. However, rhe cosi of overall direction and atlminis¢fation of each acriwry 15upport costs), comprlslng the salary and overhead c051s of the ctnrral funciion. Is apporrioned on the follcin9 basls which are an estimate. based on staff tim, of the amount attributable to each activllv. Where Informailon about the aim5. objeciives and project5 of Ihe chaflty is provided io potential beneflclarles. the cosrs assocFaied lth th15 publicity are allouied 10 charitable expenditure. Governance costs, which are considered a caie90ry of SL6PPOrt costs, afe the cost5 a5s¢xiated with the governantè arrangements of the charity. Tttese cost5 are asso(iated with consiitutional and staiutory requlrement5 and Incluile any cos15 a5$0ciatd with the srrat9ic managerneni of the charity's actlvifies. k) Tan9lble fixed assers liem5 of tauipmeni are capitalised where the purchasé price exceed5 £500. Depreciatlon cosis are a15ocated to acrivities on the b3515 of rhe use of ihe relared assets In those aciiviiies. Assets are reviewed for Impalrment If c1rcums¢ances Indicate rheir Car￿Tr9 value may exceed their net realisable value and value In 115t. Depren is provlded ai rares calculated to wriie d)wn the cost of each asset to It5 estirnareé resldual value over irs expected useful life. The depreiiation raies in Ljse are as foll(M5.- Fixrure51fittingslequipment 25% stralght 11 Cash at bank and In hand Cash ar bank and cash in hand includes cash and short term highly liquid 4nve5trnenis Wltb a short maturity of Ihree rnonrhs 01 less from the date of a¢ouisilion or opening of the deposit or similar account. Cash balances exclude any funils held on behalf of St￿Ce users.

Chrysalis Youth Emptmermeni Nemfk Note5 to ihe financial statements r 2024 Accountin9 policies IcontinuÈl> ml Pension5 The charity contributes iThvard5 the employees, personal pension scheme5. The cost of the contribution is charged to the staiemenr of financial activiiie5 on an accrua15 ba515. ni Employoo benofits The cosrs of shori-term employee beneflr5 are recogni5ed as a Ilability and an expense. The c05t of any uftused holiday entitlernent 15 reco9nised in rhe period in whickn the employee's Services are receiveL1. Ttrminaiion ijenefits are recogn15ed immediately 45 an expeft5t when the <ompany 15 demonstrably ommitted io rermlnare the employment of an employee or ro provide terminatlon benefit5. o) Slgnificant accounrin9 pdicses In rhe appli£ation of the company's accounting pollcles. the chafliv is requlred to make judgemtntS. e5rirnates and assumption5 aboui the cafryin9 amount of asstis and liabilirie5 thai are noi readlly apparent from other 50urcs. The es¢imaies and associaittl assumptions are based on historical experienie and other factors that are consldered to be relevant. Aitual fesulis may differ from these estimares. Thé esrimatts and underlylng assumptions afe reviowed on an on-golng basis. Revlslons to accountSng tsrimaies are recognised ¢n rhe period In which the tSlima¢e Is rev5ed, If the revislon affects only that period, or In the period of the revjsion and future periods If the revlsion affect5 both turrent and future period5. There are no estlmates and assumptions ihai are considered io have a slgnificant risk of causlng a rnaterial adjustment to the financlal st•tern¢nts In a fururt period. 2 Incorne from donatlon5 2024 Total 2023 Total (Resiatedl Unrestricied Restricted Sihool Spon50rshlP CYEN - Re5fTlCteLI Funds Building5 and Land Farming donarions F•od PTO9ramrnt Other sp*clfied fundin9 Re5eryes Specific Project Funding CYEN - Unrestricied DLwat(ons Cifr Aid Payrnenis Other M151ellaneous Income donations Other donaiitsns and inccrfne 56.692 56,692 S6,774 9,600 1,800 938 360 360 24 120 12.048 26.270 15,668 19,615 2.527 288 288 2,480 20.460 45.803 484 2,480 20.460 45.803 125.919 648 126.567 145.484

Chrysalls Youth Empowerment Network Notes io the financial staiemerfs he ar 3 Related party transaciions The charily irustee5 were not paid or received any oiher beneflis from employmeffl with the charlty In the Year 12023.. nil). No chariiy trustee recelved payrnent for professional or other Services supplied io the charlly 12023.. nlll. School sponsorship received from 3 trusiees during the year. £2.082 12023.. nil) There was no paymeni or feimbursement of iravel and subsislence c05lS to a trustees during the year12023.' 4 Taxation The char*table cornpany Is exempt from corporation tax io the exteni thai all it5 income Is charitable and Is applied for charitable purpose5. S Debtors 2024 2023 Accrued Intomt 2,912 2,912 6 Credliors.. amounts falllng due wlthln one year 2024 2023 Loan Payable Accru415 4.060 1,440 2,250 500 5,500 2.750 7 Analysls of net assets bets¥een funds Ceneral unrestriaed Total funds 2024 Desl9naied Restritted Tangible fixed asseis Ner currenE a55eis 14.1911 2,051 12,1401 Net assets at ihe end of the year 2.051 12,1401 General unrestriited £IRestaiedl Total funds 2023 Desi9nated Resirlcted Tangible fixtij assets Nei current a55ets 113.7491 15,302 1,553 Net assets at the 51art of the year 113.7491 15.302 1,553

Chrysalis Youth Empowerment Ne￿￿k Notes ro rhe financlal statement5 ar end 8 Movernent In funds At I Incoming rgoing January resources & resources & 2024 9ains losses AI 31 December 2024 Transfers Restricted funds-. Con51fuciion and Ilevelopme 15.302 13.539) 11.7631 Farrnin9 Donations 360 (3601 1,619 Music 1,619 Reserves 432 Total restrlctetl funds 15.302 648 113,899) 2,051 Unre5trlcied funds.. General funds 113,7491 125.919 1116.3611 Total unrestrlcted fvnd5 113.7491 12S.919 1116.3611 Total funds 1,553 126.567 1130,2601 12.1401 8 Movement In funds Icontlnuedl Ai I In¢omlng Ourgolrbg January resource5 & resources & 2023 gains losses £IRestattdl £IRestatedl Ar 31 Decembei 2023 £IRestatedl Tran51ers Restrlcttd funds.. Consiruulon and development 45.000 12.582 142.2801 15,302 Toial restritttd funds 45.NJO 12.582 142.2801 15.302 Unrestricted fund5'. Ceneral funds 12.6031 132.902 (144.0481 (13.7491 Total unrtstflcied funds 12.6031 132.902 1144,0481 113.7491 Total funds 42.397 145.484 {186,3281 1,SS3 Purposes of mal n resiriaed funds Consiruciion and Development relaits io ihe sch￿1 siie, whlch Is expandlng due io Increaslng needs on- slte and usually afi increast in studenis each year. Farrning donaiiorbs used to be related to one particular donor who wanted u5 10 Use her donaiion to raise money through fa¥ming. which we have done. We have spent each year MO￿ money than She donated io us on farrnlng.

Chrysalls Youth Empowerment Network Note5 to the financial statements 9 Prior year adjustment Durln9 2023 a number of tfansa(tions wert dupliated or recorded incorfealy. Thi5 resulted In oversiaiemeTrT of in£ome, expendilure. cash ai bank and general funds. As a result a prior ytav adjusiment has been made In these accoun15 to rectify the errors. The restated amounts ale as belthv.. Re51ated Prlor year balance on adjustment 3111212023 Balance on 3111212023 Income - donatlons and legacles 169.564 124,0801 145,484 Expendlture - charltable a¢tivitles 186,458 11301 186,328 Nei adjustment 123.9501 Cash at bank 28,253 123,9501 4.303 Restrlcted Income funds 15.302 I S,302 Unrestricted incorne fund5 10,201 123.9SOI 113.7491 Total fund5 a5 resiat*d 2S,503 23.9501 I,SS3