CHRYSALIS YOUTH EMPOWERMENT NETWORK
To support African young people through training as changemakers, providing recreational/educational activities to enable them to participate in society as mature & responsible people.To prevent poverty in Africa, by providing grants, items and services to those in need, particularly through indigenous African organisations.To promote children's rights.To promote sustainable development in Africa.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £3,693 for the year ended 31 December 2024, resulting in total net liabilities of £2,140. The trustees maintain that unrestricted funds should be kept between three and six months of expenditure, but the current unrestricted fund balance is negative. Despite this, the trustees consider the charity to be a going concern based on revised budgets and anticipated cost savings.
What the accounts disclose
“Other Miscellaneous Income - donations 45,803” — page 12
“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 5
Funders the charity credits
Trustees
- Caroline Newcombe
- Charlotte Amie Taylor
- Dr Denise Taylor
- Naomi Panter
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £127k | £130k |
| 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?
Per its FY2024 accounts: The accounts state that the charity reported a net deficit of £3,693 for the year ended 31 December 2024, resulting in total net liabilities of £2,140. The trustees maintain that unrestricted funds should be kept between three and six months of expenditure, but the current unrestricted fund balance is negative. Despite this, the trustees consider the charity to be a going concern based on revised budgets and anticipated cost savings. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| FRIENDS OF WIZNITZ LIMITED | 2 | £478k |
| SF FOUNDATION | 2 | £374k |
| GILMOOR BENEVOLENT FUND LIMITED | 2 | £239k |
| FRIENDS OF WMSBG-KOLEL DAMESEK ELIEZER | 2 | £199k |
| NES FOUNDATION LTD | 2 | £138k |
| FOUNTAIN OF CHESSED LIMITED | 2 | £80k |
| YBP LIMITED | 2 | £54k |
| BRITEFIELD TRUST | 2 | £50k |
Charities like this
- THE CRYSALYS FOUNDATION
- PRIORITY YOUTH PROJECT
- YOUTH FOCUS NORTH WEST LTD
- E P YOUTH LTD
- YOUTH PWR CHARITY
- LIVE AND LEARN
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| CHRYSALIS YOUTH EMPOWERMENT NETWORK | £127k | — | 0 | below | — | no doubt |
| THE CRYSALYS FOUNDATION | £256k | — | 0 | unclear | — | no doubt |
| PRIORITY YOUTH PROJECT | £367k | — | 0 | unclear | — | noted |
| YOUTH FOCUS NORTH WEST LTD | £627k | — | 0 | above | — | no doubt |
| E P YOUTH LTD | £159k | — | 0 | unclear | — | no doubt |
| YOUTH PWR CHARITY | £304k | — | 0 | below | — | no doubt |