CHRYSALIS YOUTH EMPOWERMENT NETWORK
Financial health, per its FY2022 accounts
The accounts state that the charity maintained a reserves policy targeting three to six months of expenditure, but unrestricted funds ended the year in a deficit of £2,603. The trustees noted they are reviewing the reserves policy to ensure greater financial stability going forward. The charity reported no paid staff and relied on volunteer trustees and donor support.
What the accounts disclose
“It is the policy of the charity that unrestricted funds, which have not been designated for a specific use, should be maintained at a level equivalent to between three and six month's expenditure.” — page 6
Funders the charity credits
Trustees
- David John Balechair
- Caroline Newcombe
- Charlotte Amie Taylor
- Dr Denise Taylor
- Dr Teil Chooi Oh
- Naomi Panter
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | — | — |
| 31/12/2023 | £170k | £186k |
| 31/12/2022 | £199k | £156k |
| 31/12/2021 | £182k | £191k |
| 31/12/2020 | £211k | £209k |
Common questions
Is CHRYSALIS YOUTH EMPOWERMENT NETWORK financially healthy?
The accounts state that the charity maintained a reserves policy targeting three to six months of expenditure, but unrestricted funds ended the year in a deficit of £2,603. The trustees noted they are reviewing the reserves policy to ensure greater financial stability going forward. The charity reported no paid staff and relied on volunteer trustees and donor support. Its FY2022 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| FRIENDS OF WIZNITZ LIMITED | 2 | £420k |
| SF FOUNDATION | 2 | £374k |
| GILMOOR BENEVOLENT FUND LIMITED | 2 | £239k |
| NES FOUNDATION LTD | 2 | £138k |
| FOUNTAIN OF CHESSED LIMITED | 2 | £80k |
| BRITEFIELD TRUST | 2 | £50k |
| MOISHE AND ESTHER ITZINGER FOUNDATION LIMITED | 2 | £45k |
| WOODLANDS GREEN LTD | 2 | £32k |