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2023-03-31-accounts

CHAYN

Annual report and financial statements

For the year ended 31 March 2023 Charity registration number: 1196098

Chayn

Contents

Page
Reference and administrative details 1
Trustees�report 2
8
Independent examiner�s report 9
Statement of financial activities 10
11
Statement of financial position 12
Notes to the financial statements 13 �22

Chayn

Reference and administrative details

For the year ended 31 March 2023

Trustees Pamela Zaballa Nighat Dad Kathryn Kosmides Charity registered number 1196098 Registered address 86 90 Paul Street London EC2A 4NE Independentexaminer Buzzacott LLP 130 Wood Street London EC2V 6DL Bankers Barclays Bank Churchill Place 1 London E14 5HP

1

Chayn

Trustees�report

For the year ended 31 March 2023

The trustees present their annual report together with the financial statements of Chayn (�the Charity�) for the year ended 31 March 2023.

Introduction

The trustees present their annual report and the consolidated financial statements of the charity for a 12 month period ended 31 March 2023.

The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice Accounting and Reporting by Charities: SORP.

The organisation is a charitable company limited by guarantee, registered as a charity on 11 October 2021. Chayn is a CIO Foundation registered with the Charity Commission under the registration number 1196098. The charity�s principal address is 86 90 Paul Street, London EC2A 4NE.

The company was established under the articles of association which established the objects and powers of the Foundation Charitable Incorporated Organisation.

Purpose

The objects of the CIO are to:

Trustees

Pamela Zaballa, Chair since 10 April 2024. Nighat Dad, Trustee since 10 April 2024. Kathryn Kosmides, Trustee since 10 April 2024. Dr Diahanne Rhiney, resigned on the 10 April 2024. Antonella Napolitano, resigned on 6 March 2024. Anjali Ramachandran, resigned on 16 April 2024. Sonia Afzal, resigned on 7 February 2024. Di Luong, resigned on 16 April 2024. Damayanthy Sathianathan, resigned on 16 April 2024. Shirin Zaid, resigned on 31 May 2022 Nissa Ramsay, resigned on 30 September 2022

Trustee Appointment and Training

New Trustees are selected through a process of open recruitment, interview and due diligence checks by the existing Trustees. In selecting individuals for appointment as charity trustees, the existing trustees are aware that, in accordance with the Articles of Association of Chayn, they must have regard to the diversity of the trustees, and to the skills, knowledge and experience needed for the effective administration of the CIO. Once selected, new Trustees are appointed by a resolution passed at a properly convened meeting of the charity trustees.

On selection, new Trustees are given access to Chayn�s Articles of Association, relevant information from the

2

Chayn

Trustees�report (continued)

For the year ended 31 March 2023

Charities Commission, a copy of the most recent accounts and financial forecast and minutes from the last three Board Meetings.

Training on governance and Trustee responsibilities was delivered in November 2022.

Trustee Expenses

Our trustee roles are unpaid. We do not expect trustees to incur any costs, but will reimburse any reasonable expenses as long as they are agreed in advance.

Mission, Vision and Values Vision

Chayn dreams of a future where:

Mission

To use the power of technology to help survivors of gender based violence heal, irrespective of language, geography, or culture, by:

Values

Activities

We create resources and services for and with survivors around the world to support them on their journey of healing. We share these generously in the open. Our work helps survivors identify abuse, understand their trauma and the impact of misogyny on their life, and take control of their recovery pathways. All of Chayn�s work is proactively anti racist, decolonising and equity based. Our resources and services include:

3

Chayn

Trustees�report (continued)

For the year ended 31 March 2023

Key Achievements

In the year ending 31 March 2023 Chayn has continued to implement our strategy, investing in our Movement Building work, growing our Bloom service to reach more survivors and venturing into a new project with Bumble to support their safety team who are exposed to vicarious trauma in their work.

Chair Recruitment

Following a successful recruitment campaign with services from Inclusive Boards for our first ever Chair, Diahanne Rhiney BCAe was appointed as Chair of our Board of Trustees on 16 May 2022. Diahanne is an award winning Social Change Advocate, Activist, qualified Psychologist and Founder of Naked Truth Social Change Agency.

Movement Building

In July 2022 Chayn launched Orbits: a guide on how we can design interventions to tech abuse that are intersectional, survivor centred, and trauma informed. Co created with thinkers, practitioners, and survivors from around the world, the guide focuses on three areas that are vital for effectively tackling tech abuse: technology, research, and policy. It explores how systems are failing survivors and how we can advance a different approach that leaves no survivor behind. We presented Orbits at RightsCon and re:publica in June 2022.

In September 2022, we attended the Sexual Violence Research Institute Forum in Cancun, Mexico (SVRI), we explored sales opportunities and engaged with new potential partners. The SVRI conference marked the starting point of our TGBV movement building activities, we created a working group called Feminists against Tech Abuse and met at the end of 2022.

Bloom

We have been expanding our remote trauma support service Bloom to help more survivors in their healing journey. We launched a new platform, translating Bloom into Hindi, Urdu, French, Portuguese and Spanish, and offering new courses on topics such as image based abuse. Our new Bloom Platform, created with support from Comic Relief Tech for Good and The National Lottery Community Fund, has enabled us to present all content to users from one place, making it easier for users to access the courses and participate at their own pace.

Over the year we experimented with and released new features on Bloom to reach our goal of supporting more survivors in more languages. We had 1143 signups to Bloom during the year and we have seen that Bloom is having a positive impact for users. Here are some of the things they shared:

�Your service provided me with useful insight into my trauma when counselling wasn�t available.�

�Chayn provided personalised support via their courses which helped me realise I was not alone. I felt empowered after completing the course at my own pace. Completing the course within the timeframe was great for accountability but also being able to come back to the course and complete it in my own time was inclusive.�

�The concept behind Bloom is fantastic and an unmet need. Free access to content tailored around understanding topics relevant to domestic abuse is critical for so many women who need support to understand what happened to them�.

We held a Bloom training for partners in August 2022, on how to run Bloom in August. It was attended by 30 professionals from frontline services, educational institutions, businesses, tech companies, and other nonprofits.

4

Chayn

Trustees�report (continued)

For the year ended 31 March 2023

Guides

Our volunteer team created and launched two new guides:

Less than 2 per cent Podcast

With funding from Necessity, Chayn produced an investigative podcast series documenting the experiences of women of colour who choose to report sexual violence. Over a three episode podcast series, Hera Hussain, the CEO and Founder of Chayn is joined by journalists Jeevan Ravindran and Emma Guy. Together, they walk with survivors of sexual violence, who seek justice from the legal system and help from the third sector. And at every turn, the lack of adequate support and the re traumatisation that occurs reveals a system that simply does not work. A system that fails survivors.

We won 5 Lovie Awards for the Less than 2 percent podcast. The awards honour the best of the European Internet. We won in the following categories:

Financial review

During the 12 month period from 1 April 2022 to 31 March 2023, Chayn�s total income was £715,453 (2022: £798,569) and the total expenditure for the year was £707,279.(2022: £576,930).

Grant income is our largest source of funding and in total we raised £707,333 (2022: £778,642) from this source, including £215,587 (2022: £261,204) in restricted grants for specific projects, of which £43,667 remains, restricted to costs associated with our restricted fund projects as it continues.

A net contribution of £367,264 (2022: £95,924) was received from trading activities and events. The aim of our trading activities is to generate a profit to fund our work. The largest proportion of our trading activity amounted to £326,994 income received through our collaboration with Bumble Holding Limited for the purpose of the export of services to Bumble Inc in the United States. Besides providing much needed sustainable income for Chayn�s public facing services, the collaboration expands our reach to survivors of gender based violence by offering Chayn�s services to users of Bumble Incs dating apps Bumble and Badoo. A further benefit is that it boosts Chayn�s profile and visibility on a global scale. Further sales income was received through a combination of non profit partnerships, public speaking engagements and workshop delivery to organisations.

A total of £8,120 in income was received from individual and corporate donations.

Key Management Personnel

The day to day management of the organisation is delegated by the Chair to the CEO.

Chayn CIC employed Hera Hussain, its founder and a director, under the job title of �CEO�on and from 2013. On registration as a CIO named �Chayn�in October 2021 with the Charity Commission, the Trustees voted to continue to employ Hera Hussain to manage the day to day activities of Chayn. The trustees agreed that her Continued Employment will be in Chayn�s best interests, will be lawful and authorised and will help Chayn carry out its proposed charitable objects for public benefit.

5

Chayn

Trustees�report (continued)

For the year ended 31 March 2023

Organisational Structure

Remuneration policy for key management personnel

To ensure transparent and fair rates of pay, key personnel starting salaries are calculated based on a globally competitive salary based on the average salaries in the UK and US job market for the non profit and social technology sector.

The level of remuneration for the role of CEO was determined to be £64,000 per annum on the basis that:

6

Chayn

Trustees�report (continued)

For the year ended 31 March 2023

Risk management

All activities undertaken are risk assessed as part of quarterly board meetings on receipt by the trustees of financial and project updates provided by key personnel. Activities are assessed against the following considerations and defined as high, medium or low risk:

Where medium or high risks are identified the Trustees will meet with Key Personnel to decide how the risk can be mitigated and whether any remaining risk is unavoidable in order to reach Chayn�s key objectives.

7

Chayn

Trustees�report (continued)

For the year ended 31 March 2023

Trustees' responsibilities statement

The trustees are responsible for preparing the trustees�annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting 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 affairs of the charitable group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (FRS 102) (effective January 2019).

The trustees�annual report has been approved by the trustees on date and signed on their behalf by:

Pamela Zaballa Trustee

Date:

8

Independent examiner�s report to the trustees of Chayn

For the year ended 31 March 2023

Independent examiner's report to the trustees of Chayn (�the Charity�)

I report to the trustees on my examination of the financial statements of the charity for the year ended 31 March 2023.

Responsibilities of basis of report

As the trustees 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 (�The 2006 Act�).

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

Independent examiner's statement

The Charity�s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of institute of the Chartered accountants in England and Wales (ICAEW).

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

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for 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).

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 accounts to be reached.

Buzzacott LLP

Chartered Accountants 130 Wood Street London EC2V 6DL

Date : 8 May 2024

9

Chayn �Registered Charity number 1196098

Statement of financial activities

For the year ended 31 March 2023

Note
Income from:
Donations andlegacies
& l
i
3
Charitable activities
4
Total income
Expenditure on:
Raising funds
5
Charitableactivities
6
Totalexpenditure
Net income for the year
Transfer between funds
Net income and net movements in funds
Reconciliation of funds:
Total funds at 31 March 2022
Total funds at 31 March 2023		 Unrestricted
funds
2023
£
8,120
491,746
499,866
76,195
415,701
491,896
7,970
(11,786)
(3,816)
285,388
281,522		 Restricted
funds
2023
£
215,587
215,587
42,491
172,892
215,383
204
11,786		 Total
funds
2023
£
8,120
707,333
715,453
118,686
588,593
707,279
8,174
11,990 8,174
31,677
43,667		 317,015
325,189

All recognised gains and losses are included in the above statement of financial activities.

The notes on page 13 to 22 form part these financial statements.

10

Chayn �Registered Charity number 1195079

Statement of financial activities

For the year ended 31 March 2022

Note
Income from:
Donations
3
Charitable activities
4
Total income
Expenditure on:
Raising funds
5
Charitableactivities
6
Total expenditure
Net income for the year
Transfer between funds
Net income and net movement in funds
Reconciliation of funds:
Total funds at 31 March 2021
Total funds at 31 March 2022
13		 Unrestricted
funds
2022
£
19,926
517,440
537,366
56,504
259,090
315,594
221,772
(31,810)
189,962
95,376
285,338		 Restricted
funds
2022
£
261,203
261,203
45,707
215,629
261,336
(133)
31,810
31,677
31,677		 Total
funds
2022
£
19,926
778,643
798,569
102,211
474,719
576,930
221,639
221,639
95,376
317,015

All recognised gains and losses are included in the above statement of financial activities.

The notes on page 13 to 22 form part these financial statements.

11

Chayn

Statement of financial position

As at 31 March 2023

Note
Fixed Assets
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: Amounts falling due within one year
12
Net current assets
Total assets less current liabilities
Charity funds
Unrestricted funds
13
Restricted funds
13
Total funds		 2023
£
15,175
406,128
421,303
(109,524)		 2023
£
13,410
311,779
325,189
281,372
43,817
325,189		 2022
£
38,024
305,195
343,219
(36,261)		 2022
£
10,057
306,958
317,015
285,188
31,827
317,015

The financial statements were approved by the trustees on

and signed on their behalf by:

���������....

Pamela Zaballa Trustee

12

Chayn

Notes to the financial statements

For the year ended 31 March 2023

1. General information

Chayn (�the Charity�) is a charitable incorporated organisation (CIO), not having share capital, and is incorporated in England and Wales. The Charity registration number is 1196098. Its registered office is in 86 90 Paul Street, London EC2A 4NE.

2. Principal accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the financial reporting standard applicable in the United Kingdom and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)�, �The financial reporting standard applicable in the UK and Republic of Ireland (�FRS�102)�and the Charities Act 2011.

The Charity continues as public benefit entity as defined by FRS 102.

The accounts are presented in sterling and are rounded to the nearest pound.

2.2 Cashflow statement

The financial statements do not include a cash flow statement because the Charity, as a small reporting entity, is exempt from the requirement to produce such a statement under Accounting and Reporting by charities Statement of Recommended Practice (Charities SORP (FRS 102)).

2.3 Assessment of going concern

The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these accounts. The trustees have made this assessment in respect to a period of at least one year from the date of approval of these accounts.

The trustees of the Charity have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The trustees are of the opinion that the Charity will have sufficient resources to meet its liabilities as they fall due.

2.4 Fund accounting

Restricted funds are to be used for specific purposes as specified by the donor. Expenditure which meets their criteria is charged to the fund.

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

13

Chayn

Notes to the financial statements (continued)

For the year ended 31 March 2023

2.5 Income recognition

Income is recognised in the period in which the Charity is entitled to receipt, the amount can be measured reliably, and it is probable that income will be received. Grants and donations received for the general purposes of the Charity are included as unrestricted funds; grants and donations for activities restricted by the wishes of the donor are taken to restricted funds. Donated assets are initially recognised at an estimate of its carrying value at the time of transfer.

2.6 Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to make a payment to a third party or it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure is included in the accounts on an accruals basis and includes attributable VAT, which cannot be recovered.

Expenditure is allocated to the particular activity on a direct basis or by allocation based on the level of direct expenditure relating to that activity.

Expenditure comprises the following:

Related support costs

2.8 Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Office equipment 25% on straight line

14

Chayn

Notes to the financial statements (continued)

For the period year 31 March 2023

2.9 Debtors

Trade and other debtors are recognised at the settlement amount, less any provisions for non recoverability. Prepaymentsare valuedat the amountprepaid. They have been discounted to the present value of the future cash receipt where such discounting is material.

2.10 Cash at bank and in hand

Cash at bank and in hand represents such accounts and instruments that are available on demand or have a maturity of less than three months from the date of acquisitions.

2.11 Creditors and provisions

Creditors and provisions are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditorsand provisionsare recognised atthe amount the Charity anticipates it will pay to settle the debt. They have been discounted to the present value of the future cash payment where such discounting is material.

2.12 Taxation

Chayn is a registered Charityand therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.

2.13 Judgements in applying accountingpolicies and key sources of estimation uncertainty

The preparation of the financial statements requires managements to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the period end and the amounts reported for revenues and expenses during the period. However, the nature of estimation means that actual outcomes could differ from these estimates.

The Trustees believe that there are no areas involving significant estimation, uncertainty or the application of significant judgement.

15

Chayn

Notes to the financial statements (continued)

For the year ended 31 March 2023

3. Donations & legacies

Charitable activities
2023
Government grants
Foundation grants
Corporate grants
Other income
2022
Government grants
Foundation grants
Corporate grants
Other income
2023
Individual donations
Corporate donations
Other donations
2022
Individual donations
Corporate donations
Other donations		 Unrestricted
funds
2023
£
1,982
122,500
367,264
491,746
Unrestricted
funds
2022
£
165,514
256,000
95,924
517,438
Unrestricted
funds
2023
£
6,744
1,176
200
8,120
Unrestricted
funds
2022
£
12,486
7,440
19,926		 Restricted
funds
2023
£
215,548
39
215,587
Restricted
funds
2022
£
3,375
212,829
45,000
261,204
Restricted
funds
2023
£
Restricted
funds
2022
£		 Total
funds
2023
£
1,982
338,048
39
367,264
707,333
Total
funds
2022
£
3,375
378,343
256,000
140,924
778,642
Total
funds
2023
£
6,744
1,176
200
8,120
Total
funds
2022
£
12,486
7,440
19,926

4. Charitable activities

16

Chayn

Notes to the financial statements (continued)

For the year ended 31 March 2023

5.
Raising funds
2023
Allocated staff cost (note 7)
2022
Allocated staff cost (note 7)
6.
Expenditure on charitable activities
2023
Allocated staff costs (note 7)
Support costs
Governance costs
2022
Allocated staff costs (note 7)
Support costs
Governance costs		 Unrestricted
funds
2023
£
76,195
76,195
Unrestricted funds
2022
£
56,504
56,504
Unrestricted
funds
2023
£
286,408
62,847
66,446
415,701
Unrestricted
funds
2023
£
223,193
30,888
5,009
259,090		 Restricted
funds
2023
£
42,491
42,491
Restricted
funds
2022
£
45,707
45,707
Restricted
funds
2023
£
169,968
168
2,756
172,892
Restricted
funds
2023
£
182,828
30,194
2,608
215,629		 Total
funds
2023
£
118,686
118,686
Total
funds
2022
£
102,211
102,211
Total
funds
2023
£
456,376
63,015
69,202
588,593
Total
funds
2023
£
406,021
61,082
7,617
474,719

17

Chayn

Notes to the financial statements (continued)

For the year ended 31 March 2023

7. Analysis of total expenditure

2023
Staff Costs
Salaries and wages
Employer's NI
Employer's pension
Partner fees
Freelance Staff
Agency Staff
Contractors
Interview payments
HR wellbeing
Training fees
Recruitment
Other support cost
Office costs
Technology and software costs
Travel and accommodation
Events
Fundraising
Bank charges
Exchange gain or loss
Depreciation
Total support costs
Governance cost
Accountancy fees
Independent examination fees
Other professional services
Consultancy fees
Total charitable activities
Total expenditure		 Raising
funds
(note 5)
2023
£
37,278
3,618
890
569
3,419
2,506
22,612
13
276
303
119
71,603
4,592
4,592
76,195		 Charitable
activities
(note 6)
2023
£
149,111
14,474
3,561
2,275
13,677
10,022
90,448
51
1,103
1,211
475
286,408
16,334
31,239
10,714
524
33
645
(1,000)
4,358
62,847
17,071
4,800
43,675
900
66,446
415,701		 Total
Unrestricted
funds
2023
£
186,389
18,092
4,451
2,844
17,096
12,528
113,060
64
1,379
1,514
594
358,011
16,334
31,239
15,306
524
33
645
(1,000)
4,358
67,439
17,071
4,800
43,675
900
66,446
491,896		 Raising
funds
(note 5)
Charitable
activities
(note 6)
2023
2023
£
£
29,497
117,990
3,008
12,033
639
2,556
1,033
4,130
243
974
8,071
32,285
42,491
169,968
164
4
168
1500
390
866
2,756
42,491
172,892		 Total
Restricted
funds
Total
funds
2023
2023
£
£
147,487
333,876
15,041
33,133
3,195
7,646
5,163
8,007
1,217
18,313
12,528
40,356
153,416
64
1,379
1,514
594
42,491 212,459
570,470
16,334
164
31,403
15,306
524
33
4
649
(1,000)
4,358
168
67,607
1500
18,571
4,800
390
44,065
866
1,766
42,491 2,756
69,202
215,383
707,279

18

Chayn

Notes to the financial statements (continued)

For the year ended 31 March 2023

7. Analysis of total expenditure (continued)

2022
Staff Costs
Salaries and wages
Employer's NI
Employer's pension
Partner fees
Freelance Staff
Agency Staff
Contractors
HR wellbeing
Training fees
Recruitment
Other support cost
Office costs
Technology and software costs
Travel and accommodation
Events
Fundraising
Bank charges
Exchange gain or loss
Depreciation
Total support costs
Governance cost
Accountancy fees
Other professional services
Consultancy fees
Total charitable activities
Total expenditure		 Raising
funds
(note 5)
2022
£
32,829
5,279
1,005
335
850
956
12,583
100
1,862
55,799
705
705
56,504		 Charitable
activities
(note 6)
2022
£
131,317
21,115
4,019
1,339
3,400
3,825
50,332
399
7,448
223,194
11,816
11,819
1,647
3,244
1,118
(22)
1,265
30,887
2,609
2,400
5,159
259,090		 Total
Unrestricted
funds
2022
£
164,146
26,394
5,023
1,674
4,250
4,781
62,915
499
9,310
278,992
11,816
11,819
2,353
3,244
1,118
(22)
1,265
31,593
2,609
2,400
5,159
315,594		 Raising
funds
(note 5)
2022
£
19,863
1,188
173
1,329
185
3,901
18,876
192
45,707
45,707		 Charitable
activities
(note 6)
2022
£
79,450
4,750
692
5,314
741
15,606
75,505
769
182,827
8,809
21,347
38
30,194
294
729
1,585
2,458
215,629		 Total
Restricted
funds
Total
funds
2022
2022
£
£
99,313
263,459
5,938
32,332
865
5,888
6,643
8,317
926
5,176
19,507
24,288
94,381
157,296
499
961
961
9,310
228,534
507,526
8,809
20,625
21,347
33,166
2,353
3,244
38
1,156
(22)
1,265
30,194
61,787
294
2,903
729
729
1,585
3,985
2,458
7,617
261,336
576,930

19

Chayn

Notes to the financial statements (continued)

For the year ended 31 March 2023

Staff costs
Salaries and wages
Employer's NI
Employer's pension
Partner fees
Freelance Staff
Agency Staff
Contractors
Interviewer payments
HR Wellbeing
Training fees
Recruitment		 2023
£
333,876
33,133
7,646
8,006
18,313
12,528
152,960
64
1,379
1,514
594
570,470		 2022
£
263,459
32,332
5,888
8,317
5,176
24,288
157,296
499
961
9,310
507,526

The average monthly number of employees during the year was 7 (2022: 6).

Staff receiving emoluments in excess of £60,000, excluding employer pension contributions, during the year were as follows:

2023
No.
3
3		 2022
No.
£60,001
£80,000		 1
1

8. Trustees�remuneration

No trustees received any emoluments for their services as trustees during the year.

9. Tangible Fixed Assets

Cost
1 April 2022
Additions
Disposals
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
Disposals
At 31 March 2023
Net book value
At 31 March 2023		 Office
Equipment
2023
£
11,323
7,710
19,033
1,265
4,358
5,623
13,410		 Total
2023
£
11,323
7,710
19,033
1,265
4,358
5,623
13,410

20

Chayn

At 31 March 2022 10,057 10,057

Notes to the financial statements (continued)

For the year ended 31 March 2023

11 . Debtors

Trade debtors
12. Creditors: amounts falling due within o
Trade creditors
Other creditors
Other taxation & social security
Accruals
13. Movement in Funds
Opening
1 April 2022
£
Unrestricted funds
285,338
Restricted funds
31,677
317,015		 ne year
Incoming
resources
£
499,866
215,587
715,453		 Outgoing
resources
£
(491,896)
(215,383)
(707,279)		 2023
£
15,175
15,175
2023
£
1,044
82,400
17,080
9,000
109,524
Transfers
£
(11,786)
11,786		 2022
£
38,024
38,024
2022
£
4,781
14
29,546
1,920
36,261
Closing
31 March 2023
£
281,522
43,667
325,189

14. Analysis of net assets between funds

2023
Tangible fixed assets
Current assets
Current liabilities
2022
Tangible fixed assets
Current assets
Current liabilities		 Unrestricted
funds
£
13,410
377,636
(109,524)
281,522
Unrestricted
funds
£
10,057
311,542
(36,261)
285,338		 Restricted
funds
£
43,667
43,667
Restricted
funds
£
31,677
31,677		 Total
funds
£
13,410
421,303
(109,524)
325,189
Total
funds
£
10,057
343,219
(36,261)
317,015

21

Chayn

Notes to the financial statements (continued)

For the year ended 31 March 2023

15. Restricted funds

Comic Relief MoJ
Ashoka
Necessity
Resistire
Robert Bosch
TNLC
Wellspring		 Opening
1 April 2022
£
31,677
31,677		 Incoming
resources
£
38,600
9,933
10,226
92,440
64,388
215,587		 Outgoing
resources
£
(38,600)
(2,091)
(17,501)
(12,354)
(92,276)
(52,562)
(215,383)		 Transfer from
Unrestricted
funds
£
2,091
7,567
2,129
11,786		 Closing
31 March 2023
£
31,841
11,826
43,667

The specific purposes for which the funds are to be applied are:

16. Prior year adjustment

During the year, it was discovered that the 2022 financial statements were not categorised between restricted and unrestricted funds and by activity correctly in accordance with Charities SORP. Adjustments have been made to the opening balances and comparatives have been restated because of this discovery. The following adjustments have been to the financial statements:

22

The Trustees

Chayn Foundation

The Annex, 104 Monkswood Avenue

Waltham Abbey

EN9 1LJ

United Kingdom

30 April 2024

Our ref CFA006/CSC/RAI

Dear Trustees

Terms of engagement between Chayn Foundation (�the charitable company�) and Buzzacott LLP (�Buzzacott�)

This letter, when read in conjunction with the enclosed Buzzacott LLP Terms of Business (which explains our current standard terms of business) sets out the basis on which Buzzacott will supply the independent examination you have requested us to carry out and your and our respective responsibilities.

Our firm will act as independent examiners, with Claire Collins acting as the engagement partner and independent examiner. Any change to this appointment will be communicated to you.

1. Your duties as trustees and directors of the charitable company

Buzzacott LLP is a limited liability partnership and is registered in England and Wales with registered number OC329687 A list of LLP members is available at our registered office address as above. Registered to carry out audit work by the Institute of Chartered Accountants in England and Wales.

The Trustees | Chayn Foundation

Page 2 of 7

22 April 2024

The Trustees | Chayn Foundation

Page 3 of 7

22 April 2024

2. Our responsibilities as independent examiner

The Trustees | Chayn Foundation

Page 4 of 7

22 April 2024

3. Scope of work

4. Limits on our liability

The Trustees | Chayn Foundation

Page 5 of 7

22 April 2024

5. Other services

6. Fees

7. Complaints

8. Agreement of terms

The Trustees | Chayn Foundation

Page 6 of 7

22 April 2024

Yours sincerely,

Enc: Buzzacott LLP Terms of Business

We agree to the terms of this letter and of the standard Buzzacott LLP Terms of Business enclosed with it.

���������..�������..���..���..

Signed for and on behalf of Chayn Foundation

���������..�������..���..���..

By Pamela Zaballa

���������..�������..���..���..

Date

The Trustees | Chayn Foundation

Page 7 of 7

22 April 2024

BUZZACOTT LLP TERMS OF BUSINESS

1. Introduction

1. Introduction
1.1 These are the general terms which will apply to all services provided to you by Buzzacott LLP, a limited liability partnership registered in England and
Wales with number OC329687 with registered office at 130 Wood Street, London, EC2V 6DL (“we” or “us”). A list of the current members of Buzzacott
LLP may be obtained through our website(www.buzzacott.co.uk/legal). When you first instruct us to provide services or to advise you we will send
you a letter (an “Engagement Letter”) confirming your instructions regarding the services you wish us to carry out for you (the "Services"). The terms
of that letter and these Terms of Business will together form the contract between you and us (the “Engagement Contract”) for that engagement. In
the event of any conflict between the terms of the Engagement Letter and these Terms of Business, the Engagement Letter shall take precedence.
1.2 Should you then wish us to act in any additional engagement or engagements we will normally send you a further Engagement Letter confirming your
instructions and you and we will enter in to a separate Engagement Contract in respect of the matters covered by that Engagement Letter.
Notwithstanding the foregoing, by instructing us to carry out further work you agree that all such work carried out by Buzzacott LLP for you shall be
subject to these Terms of Business irrespective of whether or not we send you an Engagement Letter and to the exclusion of any other terms that you
may seek to impose or incorporate in relation to our Services.
2. Scope of services
2.1 The services we provide for any engagement will be described in the Engagement Letter or will otherwise be agreed between you and us at the outset
of the engagement and may be varied by agreement during the course of the engagement.
2.2 Where we provide draft or provisional advice or other materials, that advice or other materials are not to be relied upon as constituting our final
view.
3. Buzzacott LLP team
3.1 When we send you the first Engagement Letter we will identify the Partner with ultimate responsibility for our work for you (the “Client Partner”).
The title “Partner” denotes a member of Buzzacott LLP, or a consultant or employee of Buzzacott LLP with equivalent standing; such use does not in
any way purport to hold any such person out as partners in a partnership. We try hard to avoid changing the identity of the Client Partner or the
person with day to day responsibility for an engagement. However, if we do have to make a change we will notify you promptly.
3.2 We reserve the right to use the services of subcontractors in the performance of all or part of the services set out in the Engagement Contract.
4. Professional fees and commissions
4.1 In addition to the time spent, fees may take into account a number of other factors. These include complexity of the issues, speed at which action
must be taken and the expertise or specialist knowledge which the engagement requires. All fees quoted are exclusive of VAT which will be added to
the invoice and paid by you where appropriate.
4.2 Where possible we will give you an estimate of the likely overall cost in relation to an engagement. Unless our Engagement Letter says otherwise, any
estimate or quotation of costs does not amount to a promise or agreement that we will perform our services within a fixed time or for a fixed fee.
4.3 The rates used to calculate our fees will vary periodically and you should expect at least yearly increases. Our rates are based on our costs and are not
therefore directly linked to the indices of price inflation.
4.4 In some circumstances we may receive commissions or other benefits for introductions to other professionals or in respect of transactions which we
arrange for you. Where this happens we will notify you in writing of the amount and terms of payment and receipt of any such commissions or
benefits.
5. Disbursements
5.1 We may, on your behalf, incur and, in some circumstances, pay certain expenses. You will have to pay those expenses or reimburse us for them. We
reserve the right to charge for the cost of telephone calls in certain circumstances and for the expenses of travel, accommodation and meals while
working on your behalf away from the office and for document management and reproduction at our standard rates from time to time. VAT is
payable on some of these expenses.
6. Fees and payment
6.1 Unless our Engagement Letter says otherwise, our fees will be invoiced at appropriate intervals during the course of our work and each fee must be
paid within 30 days after the date of invoice. We reserve the right to charge interest, on a daily basis, from the due date of the invoice until the date
the invoice is paid at the rate of 3% per annum over base rate of the Royal Bank of Scotland Plc from time to time. Any queries concerning an invoice
must be raised within 14 days of the date of the invoice.
6.2 We accept debit and credit cards as a means of payment, although these may be subject to a surcharge. Where chargeable, VAT will be added to our
fee accounts.
7. Retention of records
7.1 It is your responsibility to retain original documents or copies of them including accounts and tax returns.
7.2 We will keep our files and other papers relating to your affairs for a reasonable period which in no case will exceed seven years. Such files or papers
may be stored in electronic form. From time to time to reduce the storage costs to us we will review the files we hold and may then dispose, without
notice to you, of files and papers which have been held for a reasonable period and which we do not consider to be of continuing significance. If you
require retention of any document, you must give us notice in writing. We will return any original documents to you following the completion of the
relevant engagement.
7.3 We may make a charge for time spent at your request in retrieving papers or documents from storage.
8. Intellectual property rights
8.1 Unless we expressly agree otherwise, the intellectual property rights in the original materials which we generate for you belong to us. However, the
fee you pay for our work permits you to make use of that material for the purposes for which it is created, as determined by the Engagement Letter. If
you do not pay our fees we reserve the right to withhold any papers or documents in whatever format by exercising a lien over them until such time
as our fees are paid in full.
8.2 Any working papers prepared in conjunction with our services are the property of Buzzacott LLP, constitute Confidential Information and will be
retained by us in accordance with paragraph 7.2.

Buzzacott LLP Terms of Business Version – May 2018

9. Confidentiality

10. Electronic communication

11. Quality of service

11.1 Quality

We will provide our Services with reasonable skill and care and in accordance with the terms of the Engagement Contract. Except as set out in these Terms of Business or the Engagement Letter, all warranties, conditions and other terms implied by statute, regulation or common law are, to the fullest extent permitted by law, excluded from any contract between you and us.

11.2 Complaints handling

If you have any complaints or concerns about our work for you, please raise these in the first instance with your Client Partner, or with the Managing Partner of Buzzacott LLP (130 Wood Street, London, EC2V 6DL). We will investigate your complaint carefully and promptly and do everything reasonable to rectify the engagement. If you are still not satisfied, you may refer your complaint to the complaints redress system operated by the Professional Conduct Department of the Institute of Chartered Accountants in England and Wales ("ICAEW"), Metropolitan House, 321 Avebury Boulevard, Milton Keynes MK9 2FZ).

12. Data protection

‘data protection legislation’ means all applicable privacy and data protection legislation and regulations including PECR, the GDPR and any applicable national laws, regulations and secondary legislation in the UK relating to the processing of personal data and the privacy of electronic communications, as amended, replaced or updated from time to time;

Buzzacott LLP Terms of Business Version – May 2018

13. Exclusions and limitations of our liability

The advice we give you is for your sole use and does not constitute advice to any third party unless we have expressly agreed in the Engagement Letter that a specific third party may rely on our work. We accept no responsibility to third parties for any aspect of our professional services or work that is made available to them. You agree to indemnify us on demand in respect of any claims or other liabilities which we may incur to any third parties as a result of them relying on our advice which you share with them. This provision shall survive any termination of the Engagement Contract.

Buzzacott LLP alone will be responsible for all work carried out on your behalf and you agree that you will not bring any claim whether in contract, tort, under statute or otherwise against any member or partner, or any consultant to, or employee or agent of Buzzacott LLP.

The Engagement Letter may also contain a liability cap limiting our liability to you in respect of all Losses arising from or in connection with the Engagement Contract. By “Losses” in this paragraph we mean all demands, claims, actions, proceedings, damages, payments, losses, costs, expenses or other liabilities.

The exclusions and limitations in this paragraph 13 will not operate to exclude or limit any liability for fraud or reckless disregard of professional obligations or liabilities which cannot lawfully be limited or excluded including, without limitation, in respect of the death or personal injury of any person caused by our negligence.

14. Conflicts of interest

15. Responsibility for legal and commercial matters

16. Contracts (Rights Of Third Parties) Act 1999

16.1 Exclusion of Act

Save as envisaged by paragraph 13.3 which is intended for the benefit of our employees, consultants, partners and members, no provision of the Engagement Contract is intended to be enforceable pursuant to the Contracts (Rights of Third Parties) Act 1999 and no third party shall have any right to enforce or rely on any provision of the Engagement Contract. The Engagement Contract may be varied from time to time or terminated without the consent of any of the persons referred to in paragraph 13.3.

17. Client monies

17.1 We may, from time to time, hold money on your behalf. Such money will be held on trust in a client bank account which is segregated from Buzzacott LLP’s funds. The account will be operated, and all funds dealt with, in accordance with the Clients’ Money Regulations of the ICAEW. Unless covered by clause 17.2, we consider all interest earned on client money to be immaterial and in lieu of any charge being made for the administration of these funds, no interest will be payable on them unless otherwise agreed in writing.

Buzzacott LLP Terms of Business Version – May 2018

18. Money laundering

19. Investment services

25. Severability 25.1 Each clause or term of the Engagement Contract constitutes a separate and independent provision. If any provisions of the Engagement Contract are judged by any court or authority of competent jurisdiction to be void or unenforceable, the remaining provisions shall continue in full force and effect.

26. Applicable law 26.1 The Engagement Contract shall be governed by, and construed in accordance with, the laws of England and Wales. Any dispute arising from or under the Engagement Contract shall be subject to the exclusive jurisdiction of the English courts provided that we in our sole and unfettered discretion may commence proceedings against you in any other court.

26.2 You irrevocably waive any right you may have to object to any action being brought in those Courts, to claim that the action has been brought in an inconvenient forum, or to claim that those Courts do not have jurisdiction.

Buzzacott LLP Terms of Business Version – May 2018

Buzzacott LLP 130 Wood Street London EC2V 6DL

Your ref CFA006/CSC/RAI

Dear Trustees,

Independent examination representations �Chayn Foundation

This representation letter is provided in connection with your independent examination of the financial statements of Chayn Foundation (�the charity�) for the year ended 31 March 2023.

We confirm that the following representations are made on the basis of enquiries of the trustees, management and staff with relevant knowledge and experience (and, where appropriate, of inspection of supporting documentation) sufficient to satisfy ourselves that we can properly make each of the following representations to you:

General

We have fulfilled our responsibilities under the Charities Act 2011, as set out in the terms of engagement letter dated 30 April 2024 for the preparation of the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (UK GAAP) which give a true and fair view and for making accurate representations to you as independent examiner.

We confirm that all the accounting records have been made available to you for the purpose of your independent examination and all the transactions undertaken by the charity have been adequately reflected and recorded in the accounting records. All other records and related information, including minutes of trustee meetings, have been made available to you. We have provided additional information that you have requested from us for the purposes of the independent examination and we have given you unrestricted access to persons within the charity in order to obtain assurance for the independent examination.

Audit exemption

We confirm that the charity is eligible for exemption from having its financial statements audited and that there are no circumstances which we should draw to your attention which would invalidate this eligibility.

Going concern

We believe that the charity�s accounts should be prepared on a going concern basis on the grounds that, based on the charity�s assessment of the feasibility of future plans, current and future sources of funding or support will be adequate for the charity�s needs.

We believe that no further disclosures relating to the charity�s ability to continue as a going concern need to be made in the accounts. In assessing going concern, we have paid particular attention to a period of not less than one year from the date of approval of the accounts.

Accounting policies

We believe that the accounting policies and estimation techniques adopted for the preparation of the financial statements are the most appropriate to the circumstances in which the charity operates.

Fraud

We acknowledge our responsibility for the design and implementation of internal controls to prevent and detect fraud and have disclosed to you the results of our assessment of the risk that the financial statements may be materially misstated as a result of fraud. We are not aware of any irregularities, including fraud and suspected fraud, involving the charity where the fraud could have a material effect on the financial statements. No allegations of such irregularities or breaches have come to our attention.

Laws and regulations

Details of all laws and regulations that are fundamental to the operation and activities of the charity have been made available to you. We confirm that we have informed you of all serious incident reports made to the Charity Commission / OSCR.

We are not aware of any breaches or possible breaches of statute, regulations, contracts, agreements or the charity�s governing document which might prejudice the charity�s going concern status or that might result in the charity suffering significant penalties or other loss. No allegations of such breaches have come to our notice. We are not aware of any reason why the tax status of the charity may be jeopardised.

Loans and arrangements

The charity has not had nor entered into at any time during the year, any arrangement, transaction or agreement to provide credit facilities (including loans, quasi loans or credit facilities) for trustees nor to guarantee or provide security for such matters.

Liabilities, provisions and contingencies

We are not aware of any liabilities, provisions, contingent assets, contingent liabilities or capital commitments other than those included or disclosed in the financial statements.

Related parties

We confirm that we have disclosed to you the identity of the charity�s related parties and all of the transactions with those parties of which we are aware. The charity has not entered into any transactions involving trustees, officers or other related parties, which require disclosure under the Charities Act or Financial Reporting Standards.

Post balance sheet events

There have been no events since the balance sheet date which necessitate revision of the figures included in the financial statements or inclusion of a note thereto. Should further material events occur, which may necessitate revision of the figures included in the financial statements or inclusion of a note thereto, we will advise you accordingly.

Grants and donations

All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been identified in the financial statements and accounting records appropriately or otherwise notified to you. There have been no breaches of terms or conditions during the period in the application of such income.

Accounting estimates

The methods, the data, and the significant assumptions used by us in making accounting estimates and their related disclosures are appropriate to achieve recognition, measurement or disclosure that is reasonable in the context of the applicable financial reporting framework.

Ethics

We confirm that we have been notified by you that there are no matters which you are required to raise with us to comply with your profession�s ethical standards.

Yours faithfully

Signed on behalf of the trustees of Chayn Foundation

Date

Chayn - Financial statements 2023 Final Audit Report 2024-05-03 Created.. 2024-05-01 By.. Raed Inam IlnamR@buzzacott.co.ukl Sl8lus'. Signed Tr8nsaclion ID.. CBJCHBCA4BAArt)m5cwqT2eM2-lJcEkNNwOniyhkhS87r "Chayn - Financial statements 2023" History Document created by Raed Inam IlnamR@buzzacott.co.ukl 2024-O￿l- 2..04..36 PM GMT . Document emailed to pamela@chayn.co for signature 2024-0￿1 - 2..36..00 PM GMT Email viewed by pamela@chayn.co 2024-054)3- 4".41".00 PM GMT Signer pamela@chayn.co entered name at signing as Pamela Zaballa 2024-05￿3- 4.'51.'18 PM GMT Document e-signed by Pamela Zaballa Ipamela@chayn.￿> Signature Date.. 2024-05-03-4..51..20 PM GMT- Time Source.. setver Agreement completed. 2024-05413- 4'.51'.20 PM GMT IJ Adobe Acrobat Slgn