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2023-08-26-accounts

Urban Synergy’s Annual Report and Financial Statements for the Year ending August 2023

Contents
Foreword Our Strategy Programme
Delivery		 Events and
Campaigns		 Awards
Urban
Synergy’s
Future		 Our People Financial
report		 Sustainability,
Diversity &
Inclusion		 Thank You

Foreword

Welcome

- from our CEO

I am delighted to present Urban Synergy's Annual Report

impact of our work throughout this report, and how we’ve supported young people in our community.

Our programmes continued, starting in primary schools to inspire children and introduce them to relatable role models, and stretching across secondary school, sixth form and even into basketball clubs, helping young adults up to the age of 24 years.

for 2022/23.

Below, I set out our strategy, programmes, delivery and impact, as well as key achievements and challenges over the reporting period.

We achieved a lot in a year marked by global and domestic economic instability, which put pressure not just on the charity’s users but on its donors too.

Still, we managed to deliver:

This was the first full year Urban Synergy had a Youth Council - a team of young people who’ve been through our programme and are now giving back. We thank them for their time, insight and for the input of the youth voice in ‘keeping it real’.

I’d again like to thank the supporters, parents, teachers, schools, donors, partners and the Urban Synergy team for their relentless work in supporting young people to overcome barriers and reach their fullest potential.

My gratitude goes to London Stock Exchange Group (LSEG) for my secondment, and as a valued supporter of the charity.

Together with our partners like LSEG, we made a huge difference, and opened new doors to opportunity.

Leila Thomas, Founder & CEO - Urban Synergy

You will hear more about the

A Message from our Chair of Trustees

It’s a pleasure to report on my first full year as Urban Synergy Chair of Trustees, having

taken the baton from Courtenay Griffiths who retired from the post in June 2023.

Following in Courtenay’s footsteps, financial sustainability, excellence in governance and applying strategic vision with precision became my top priorities.

Those priorities are coupled with ensuring our young people - the charity’s key stakeholders - continue to enjoy a first-rate experience that helps them develop and gain independence through access to mentors, work experience and educational opportunities.

Like all charities, we weathered tough economic conditions in 2022 and 2023.

The UK went into a full cost of living crisis, as global inflation rose exponentially, driven by increased interest rates, fuel costs, and inflation at its highest rate for 30 years.

Therefore, it is with huge gratitude that I acknowledge here how many of our partners and sponsors stayed with Urban Synergy through these economic times.

Special thanks go to Goldman Sachs, the London Stock Exchange Group, Citi, Dynamic Planner, DMGT, Sony PlayStation, and UK Power Networks which sat firm on our Corporate Advisory board, providing funding and expertise on strategy, people, and new potential partnerships.

They also ramped up their work experience and apprenticeship places and gave us access to their busy colleagues who acted as mentors and guides to our young people.

My thanks also extends to M&G Plc, FE Fundinfo, RWS, Moody’s, Newable, Federated Hermes, PwC, Lloyds Insurance, Blackrock, VMWare, Salesforce, who renewed their partnerships in 2022/3. Your support changed so many lives.

With inflation raging during the reporting year, more young people than ever knocked on Urban Synergy’s door as they attempted to find work to help their families face astronomical price hikes.

Helping them made the contributions of Urban Synergy’s supporters, Trustees, Youth Council, and its dedicated team led by CEO Leila Thomas, not only worthwhile but vital.

With this backdrop in mind, I am pleased to report on a year of growth, consolidation, and kindness beyond measure by all those who believe in Urban Synergy’s mission

Our Strategy

Our Purpose

To build an equitable world where everyone, regardless of their background, is empowered to write their own future

Our Mission

The way we see it, talent is everywhere, opportunities are not.

Urban Synergy (US) is a youth empowerment charity, on a mission to inspire, guide and ignite the ambitions of young people.

Our approach focuses on early support, to build confidence and show young people what’s possible. That’s why we connect them with aspirational - yet relatable - role models and mentors, as well as industry leading companies.

to nurture the next generation, increase social mobility and ultimately make the world a better place.

Thank you all.

Dr Patrick Clarke OBE, Chair of Trustees - Urban Synergy

Understanding that every young person, their circumstance, and their dreams are unique, we tailor our school programmes, mentoring and work experience opportunities to help them reach their individual potential.

With the collaboration of our valued partners, we are building an equitable world where everyone, regardless of their background, is empowered to write their own future.

Our Values

We are focused on empowering young people every day. Our values are key and underpin our work. They are:

Motivated

who are passionate about our goals and are equally motivated to build an equitable world

Collaborative

Responsive

Inspiring

Open

Our Programme Delivery

Inspire

Seminars

Our in-school and online Career Seminars work to bridge the gap between the classroom and the workplace.

These programmes are designed to inspire and empower young people. We introduce them to role models who have overcome similar barriers, that raise their aspirations, offer a path to follow, and pass on the confidence to write their own future.

objectives of the day are for the students to feel more confident and motivated, to meet career role models and practise their interview skills, with real time feedback.

59

Seminars delivered

Ready for Work Seminars

We deliver this through workshops including Smart Goal Setting, Interview skills and mock interview sessions, in partnership with 40 - 65 volunteers from our partners, bringing a diverse range of skills, knowledge, experience and advice. The students' interactions with employers and employees help the school to meet their Gatsby Benchmarks, (particularly benchmark number 5) as well as giving students the opportunity to practise their professional networking skills

Our Ready for Work Seminars deliver a full day of workshops and

interactive activities for young people across a whole school year. The

Volunteer testimony

“I was really impressed in your accreditations and also the fact that you have been recognised for your services to the community.”

“It is important for me to volunteer in a charity that takes its work seriously and wants to make a difference to children’s lives.”

guidance. The Mentee must deliver a personalised CV and a presentation to graduate the programme.

Guide

Mentoring

Through engaging 1-to-1 e- Mentoring, Mentors offer valuable insight from their personal stories and how they carved out a path to success.

Our Mentors work with their Mentee to build their confidence in personal and professional skills, such as presentation, communication, interview practice, and career

This year we have mentored 118 students, onboarded 69 new mentors , and delivered 509 Volunteer hours.

118

Students mentored

soft employability skills and confidence.

Following Mentoring, we asked our Mentees to rate the following statements and 100% agreed or strongly agreed to them:

This programme creates diverse, work-ready talent, prepared for their next opportunity.

Through these efforts and in collaboration with our partners, we can build a workforce based on fair opportunity, that everyone can benefit from.

This year we delivered 98 work experience placements, totaling 6979 hours of work experience for young people, much of which was paid. It also generated 2747 hours of volunteer work.

6979

Ignite

Hours of work experience

Work Experience

We work with industry-leading partners to secure meaningful work experience opportunities that ignite young people's passions and act as a catalyst for their journey into the workplace.

Periods of work experience have a positive impact on young people's

DREAM Paid Work Experience Programme

Our DREAM work experience programme is a 4-week paid ‘externship’ offered to mentees between 15-18 years of age. This programme develops practical career skills.

In many cases these skills are not necessarily part of the educational curriculum in disadvantaged communities, which puts minority students at a disadvantage compared to other sociodemographic communities.

The selected candidate will meet with leaders across functions, to benefit from their experiences and insights during the course of their own careers. This part of the programme is adaptable to the circumstances and interests of the student and the department offering the externship.

Our partners across work experience and ‘Dream’ programmes include : Boku Inc., Costain Group, Delta Capita, Dynamic Planner, EC1 Partners Ltd., Kendo Brands, Legal & General Investment Management, LloydsBanking Group, M&G Investments, M&G Plc, Mintel,

National Black Crown, Prosecution Association, PwC, Stryker UK Limited, The City UK, Thomson Reuters, UK Power Networks, Whitfield Construction, Services, Willis Towers Watson.

Our mentee Rama had the opportunity to shadow David Bentley - Barrister KC at Doughty Street Chambers for three days in April 2023.

“This experience was inspiring and I am looking forward to shadowing him again.”

Spotlight on our charity users

Ryan made an extraordinary leap from South London to Howard University in the USA

Ryan: “It all started from a careers in sport role model seminar in my basketball club London Thunder where I was inspired by all the Urban Synergy role models in particular Darren Allaway who works at

Goldman Sachs and studied at Stanford University USA.

“From there I became confident to apply for a mentor for personal development and then I gained access to a wide network of

corporate work experience

opportunities - this propelled me and gave me the pathway in finance and inspiration to apply to Howard, the Harvard of the historically black colleges and universities or HBCUs in the US.”

Ha-linh: “Joining the programme meant I could build on my skills and gain access to resources and opportunities”

Ha-Linh: “I applied to Urban Synergy for the opportunity to improve my employability skills and hopefully gain insight into the financial services industry.

“While I enjoyed preparing for the mock interview at the end of the programme, the best part was building a relationship with my mentor and learning about her career path.

“My proudest achievement so far was my involvement in updating M&G’s Stewardship Report for the asset owner. I engaged with different stakeholders across the firm and the report was submitted to the Financial Reporting Council to gain signatory status.”

Stefan: “My like-minded Mentor was the best part”

Stefan, 18, joined the Urban

Synergy e-Mentoring programme in December 2020 and was matched

with Romeo Radanyi, Director - Quantum, at Moody’s.

“I had a strong interest in technology but didn't have many peers with similar experiences or anyone further along in their careers. It was really beneficial to have someone to talk to who had similar interests and experiences.

Princela is in Year 11 and joined Urban Synergy’s mentoring programme in the summer of 2022.

She was then matched with her mentor, Lydia at the London Stock Exchange Group, in preparation for her joining the Dream Big programme that Urban Synergy are running with Willis Towers Watson.

“I'm currently doing a Data analyst apprenticeship at London Stock Exchange which I started in October.

“I’ve had the chance to present to senior colleagues at different levels, and with time I have become more confident.

Princela: “Treasure the time you have with your mentor”

“Having a mentor really helped me build a lot of skills that I’ll need in professional life. My mentor taught me about different techniques to use when you’re writing a CV or going into an interview.”

Spotlight on an Urban Synergy Mentor

Lydia works at the London Stock Exchange Group as a Fixed Income & Multi-Asset Index Product Manager and joined the Urban Synergy mentoring programme in 2022.

“By experiencing the graduate programme at LSEG, as well as applying to internships while at university, I thought I would be able to share some skills or advice with young people about what that was like.

“A career in finance can be very intimidating, given the stereotypical view of what it’s like or what it requires, especially as a young woman. I was very lucky to have had friends or family in the industry who could give me help and advice when I needed it for interviews etc.

“I benefited from that hugely- so I wanted to give back in the same way.

Campaigns

Black History Month Campaign

For a third year, we celebrated our many Black role models, Mentors and Mentees.

On LinkedIn the campaign generated 5,943 impressions, and 155 likes.

In October 2022, we took a selection of our young people to a fascinating discussion with Actor Adjoa Andoh and Goldman Sachs’ Darren Allaway, who’s an Urban Synergy role model.

“Specifically for those who are relatively early in their career, like myself, I would say don’t underestimate what you can draw on to help other young people looking to think ahead about their career.

“You still have something to offer of value, and the whole experience was so rewarding and enjoyable.”

Urban Synergy’s Future

Awards

Recognition flowed in 2022/23, and Urban Synergy became:

We were also shortlisted for:

Demands for our services grew in 2022/23 while we saw general donations fall, as the cost of living crisis and rampant inflation ate into our donations and some partnership renewals.

Our team also grew to help us deliver more in-person events, while still delivering online.

The charity’s focus remains to expand our blueprint to support more young people, schools, and parents across London and beyond.

We will also engage more partners and corporate companies to realise volunteer role models and Mentors.

Our 2020 plan, still provides the framework for delivery:

Expand our online Programmes :

Improve our partnership management and reporting

● Streamline our information management system

● Expand our programmes to schools in other cities in the UK with similar socio economic challenges

their own fundraising efforts, including office staff sales, marathons, competitions, auctions, personal challenges and more.

For this we are truly grateful!

● Create a Fundraising and PR Team – promote the raising of funds and awareness of our success and ongoing funding purposes

● Increase our income to grow our charity

Individual Supporters

Our People

Urban Synergy Board of Trustees

Dr. Patrick Clarke OBE, Chair Charmaine Charles, Charity Secretary Donovan Davidson Dr. Keith Davidson Emma Miller Leila Thomas CEO Trevor Cole

Urban Synergy Team

Leila Thomas CEO & Founder seconded to Urban Synergy from the London Stock Exchange Group

Employees are: Dianne Johnson, Nigel Williams, Kate Williams, Deborah Barrington, Jane Watts, Safiya Chiappa-Forrester, Semere Estifanos, Chaunte Robinson, Phoebe Blair

Patrons

Contractors are: Chantelle Barrett, Odeshea Gordon, Makesha Sutherland and Begum Hall

Corporate Advisory Board

Urban Synergy Leadership Team, August 2023

Leila Thomas Kate Williams Dianne Johnson

Nigel Williams Trevor Cole

See our year in pictures

Click on this image to see our partners, volunteers, and young people in action.

Our own sustainability, diversity, equity and inclusion

Sustainability, diversity, equity and inclusion start at ‘home’ for Urban Synergy. As well as driving value for our stakeholders, we all work from home, using the offices of our sponsors and corporate partners and our mission. when we meet, usually on a monthly basis. This reduces our carbon footprint. Below are our diversity statistics for the reporting period.

As well as building a more equitable and sustainable future for young people, we constantly assess our own diversity - living our values and our mission.

Urban Synergy Urban Synergy Gender Balance Self Identified Gender Female l Male 75Q/o 50Q/ 250/0 Employees CAB. Trustees. Young People Patron8 & Directors Volunteers Urban Synergy Employees 60% 400/0 20% Asian Black While Diversity Mix

5381 hours of volunteering delivered across our programmes.

Thank you

We extend our sincere gratitude to all our Donors, Corporate Donors, Strategic Partners, Volunteers, Role Models and Mentors for their unwavering support.

For pro bono help, special thanks go to:

project using AI to help the matching on the e- Mentoring programme count;

Your contributions have made a significant difference in the lives of countless young individuals.

Financial Statements

Statement of Financial Activities and Statement of Financial Position. See the Appendix for the full accounts.

URBAN SYNERGY Contents Page For the year ended 31 August 2023

Charity number: 1138802

Company number: 07358294

(England and Wales)

URBAN SYNERGY

Report of the Trustees and Unaudited Financial Statements

For the year ended 31 August 2023

URBAN SYNERGY Report of the Trustees For the year ended 31 August 2023

The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 August 2023. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

See Trustees Annual Report on Appendix One

Objectives and aims

The trustees have considered the Charity Commission’s guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

FINANCIAL REVIEW

Significant events

The persisting impact of the Ukraine War and the lingering effects of the Covid-19 pandemic continue to resonate throughout our operations, with increasing number of young people seeking our support.

In tandem with increase in our operational programmes, inflationary pressures as well continue to persist, which led to a £200k increase in charitable expenditure compared to the previous year.

However, through prudent decision-making, strategic management and adaptability, we have seized emerging opportunities and diversified our income streams to ensure the continuity of our vital mission.

Our positive net income for the year highlights the effectiveness of our efforts and the dedication of our team in navigating the challenges posed by the external environment.

Looking ahead to the future, we are confident in our ability to remain flexible and agile in a dynamic economic landscape, continuing to make a meaningful difference in the lives of those we support.

The Going Concern Note

The Trustees, who are also Directors, consider that there are no material uncertainties about the Charity's as a going concern for the next 12 months.

ability to continue

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity URBAN SYNERGY Charity registration number 1138802 Company registration number 07358294 Principal address 2 Lewisham Hill London SE13 7EJ

Trustees

The trustees and officers serving during the year and since the year end were as follows:

Keith Davidson Trevor Cole Patrick Clarke Leila Thomas Donovan Davidson Charmaine Charles Emma Miller Amanda Osuagwu (Appointed: 20 December 2022)

1 of 12

URBAN SYNERGY Report of the Trustees Continued For the year ended 31 August 2023

Independent examiner

Emmanuel Mensah FMAAT Ground Floor West Office 10 Nicholas House, River Front Enfield EN1 3TF

2 of 12

URBAN SYNERGY

Independent Examiners Report to the Trustees For the year ended 31 August 2023

I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 August 2023.

Responsibilities and basis of report

As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company 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 accounts 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 examiners statement

Since the Charitable company’s gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of my membership of , which is one of the listed bodies.

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:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to 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.

Emmanuel Mensah FMAAT Ground Floor West Office 10 Nicholas House, River Front Enfield EN1 3TF

Date: 24 June 2024

3 of 12

URBAN SYNERGY

Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 August 2023

Income and endowments from:
Notes
Donations and legacies
2
Other trading activities
3
Investments
4
Other income
5
Total
Expenditure on:
Charitable activities
6/7
Other expenditure
Total
Net income
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
570,663
29,503
-
43,974
644,140
(640,005)
-
(640,005)
4,135
332,531
336,666		 2022
£
421,035
17,492
323
7,387
446,237
(438,502)
(215)
(438,717)
7,520
325,011
332,531

4 of 12

URBAN SYNERGY

Registered Number :

07358294

URBAN SYNERGY

Statement of Financial Position

As at 31 August 2023

Notes 2023 2022
£ £
Fixed assets
Intangible assets 12 940 940
940 940
Current assets
Debtors 13 130,156 42,220
Cash at bank and in hand 431,170 409,596
561,326 451,816
Creditors: amounts falling due within one year 14 (225,600) (120,225)
Net current assets 335,726 331,591
Total assets less current liabilities 336,666 332,531
Net assets 336,666 332,531
The funds of the charity
Unrestricted income funds 15 336,666 332,531
Total funds 336,666 332,531

For the year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

5 of 12

URBAN SYNERGY Notes to the Financial Statements For the year ended 31 August 2023

1. Accounting Policies

Basis of accounting

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘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) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.

URBAN SYNERGY meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

2. Income from donations and legacies

Unrestricted funds
Donations received
Grants received
ncome earned from other activities
Unrestricted funds
Fund raising events
nvestment income
Bank interest receivable		 2023
£
72,762
497,901
570,663
2023
£
29,503
29,503
2023
£
-
-		 2022
£
57,834
363,201
421,035
2022
£
17,492
17,492
2022
£
323
323

3. Income earned from other activities

4. Investment income

6 of 12

URBAN SYNERGY Notes to the Financial Statements Continued For the year ended 31 August 2023

5. Other income

ther income
Unrestricted funds
Other Income
osts of charitable activities by fund type
Unrestricted funds
Youth Mentoring, Seminars &
Workshops
Support costs
osts of charitable activities by activity type
Activities
Support
undertaken
costs
directly
£
£
Support costs
Youth Mentoring, Seminars &
Workshops
606,697
33,308		 2023
£
43,974
43,974
2023
£
606,697
33,308
640,005
2023
£
640,005		 2022
£
7,387
7,387
2022
£
230,026
208,476
438,502
2022
£
438,502

6. Costs of charitable activities by fund type

7. Costs of charitable activities by activity type

8. Analysis of support costs

Youth Mentoring, Seminars & Workshops
Management
IT & Software Costs
Support Costs -
Resources
Governance costs		 2023
£
-
12,871
12,104
8,333
33,308		 2022
£
174,950
11,240
15,265
7,021
208,476

7 of 12

URBAN SYNERGY Notes to the Financial Statements Continued For the year ended 31 August 2023

9. Net income/(expenditure) for the year

This is stated after charging/(crediting):

This is stated after charging/(crediting):
2023 2022
£ £
Independent examiner's fees 5,472 4,314
Staff pension contributions 14,786 2,217

10. Staff costs and emoluments

Total staff costs for the year ended 31 August 2023 were:

Salaries and wages
Social security costs
Pension costs
Admin & Support Staff		 2023
£
228,042
40,612
14,786
283,440
2023
13
13		 2022
£
151,675
28,055
2,217
181,947
2022
5
5

Admin & Support Staff

11. Comparative for the Statement of Financial Activities

The comparative year values on the Statement of Financial Activities are for unrestricted funds.

12. Intangible fixed assets

Cost or valuation
At 01 September 2022
At 31 August 2023
Net book values
At 31 August 2023
At 31 August 2022		 Intangible
asset 3
£
940
940
940
940

8 of 12

URBAN SYNERGY Notes to the Financial Statements Continued For the year ended 31 August 2023

13. Debtors

13. Debtors
2023 2022
£ £
Amounts due within one year:
Trade debtors 105,708 -
Prepayments and accrued income 24,448 4,081
Other debtors - 38,139
130,156 42,220
14. Creditors: amounts falling due within one year
2023 2022
£ £
Other creditors 13,584 7,836
Accruals and deferred income 212,016 112,389
225,600 120,225
15. Movement in funds
Unrestricted Funds
Balance at Incoming Outgoing Balance at
01/09/2022 resources resources 31/08/2023
£ £ £ £
General
General 332,531 644,140 (640,005) 336,666
332,531 644,140 (640,005) 336,666
Unrestricted Funds - Previous year
Balance at Incoming Outgoing Balance at
01/09/2021 resources resources 31/08/2022
£ £ £ £
General
General 325,011 446,237 (438,717) 332,531
325,011 446,237 (438,717) 332,531

Purpose of unrestricted Funds

General

These are funds not restricted in nature and can be applied as the Board sees fit but within the scope of the charities objects and intended purposes.

9 of 12

URBAN SYNERGY Notes to the Financial Statements Continued For the year ended 31 August 2023

16. Analysis of net assets between funds

Unrestricted funds
General
General
Previous year
Unrestricted funds
General
General		 Intangible
fixed assets
Net current
assets /
(liabilities)
Net Assets
£
£
£
940
335,726
336,666
940
335,726
336,666
Intangible
fixed assets
Net current
assets /
(liabilities)
Net Assets
£
£
£
940
331,591
332,531
940
331,591
332,531

10 of 12

URBAN SYNERGY Detailed Statement of Financial Activities For the year ended 31 August 2023

INCOME AND ENDOWMENT
Donations and legacies
Donations
Special Donations
Gift Aid Income
CAB Contributions
Corporate Sponsorships
E-Mentoring Income
Other trading activities
Fund raising events
Investments
Bank interest receivable
Other income
Other Income
Total incoming resources
EXPENDITURE
Charitable activities
Staff costs - wages & salaries
Staff costs - social security costs
Staff costs - pension contributions
Contract Staff Costs
E-Mentoring
E-Seminars
UKPN Mentee Salaries
Mentee Expenses
Mentee CRB Checks
Professional Fees
Recruitments - Staff
Black History Month
Fundraising Activities
Subscriptions & Mem. Dues
Work Experience
Other
Other resources expended
SUPPORT COSTS
Management
Staff costs - wages & salaries
Staff costs - social security costs		 2023
£
69,963
2,698
101
145,257
352,644
-
570,663
29,503
29,503
-
-
43,974
43,974
644,140
(228,042)
(40,612)
(14,786)
(30,451)
(48,434)
(89,220)
(16,504)
-
(41,340)
(47,421)
-
-
(12,862)
(1,100)
(35,925)
(606,697)
-
-
-
-		 2022
£
50,811
5,886
1,137
216,252
134,269
12,680
421,035
17,492
17,492
323
323
7,387
7,387
446,237
(151,675)
(28,055)
(2,217)
(50,321)
(80,345)
(45,662)
(12,861)
(7,567)
(2,650)
(9,899)
(6,480)
(900)
(3,573)
(2,771)
-
(402,759)
(215)
(215)
-
-

11 of 12 This page does not form part of the statutory financial statements

URBAN SYNERGY Detailed Statement of Financial Activities Continued For the year ended 31 August 2023

Staff costs - pension contributions

Stfftitibti
a coss - penson conruons
IT and Software
IT and Software costs
Support Costs - Resources
Support Costs - Resources
Governance costs
Independent Examiners fees
Other office costs
Total resources expended
Net Income		 -
-
(12,871)
(12,871)
(12,104)
(12,104)
(5,472)
(2,861)
(8,333)
(640,005)
4,135		 -
-
(11,240)
(11,240)
(15,265)
(15,265)
(4,314)
(2,707)
(7,021)
(438,717)
7,520

12 of 12 This page does not form part of the statutory financial statements

Chathy number: 1138802 Company number.. 07358294 {England and Wales) URBAN SYNERGY Report ol thg Trustses and Unaudited Financla Staements For th6 year ended 31 August 2023

URBAN SYNERGY Contents Page For the year ended 31 August 2023 1102 state￿￿Trt of Rnandal Acti¥ st*emEnl of Fman¢tal Not8stothg FIrM￿ll1 Statsnwnts 8kn10 D8t•Jl8dStst¢m•ntof Fin￿￿81Al￿NIllO9 11to12

URBAN SYNERGY Report of the Tnjstees For the year ended 31 August 2023 TnJBtw8, who $Te throctors for th• purpos98 of ¢orwny law, hav8 pl•a8uTg in we8entin9 thelr rep arKI th• ffnandal slatoments for the tharita￿a t>)mpsny for the year ended 31 August 2023. The Tw8tee8 have adcpted tho p￿S￿On8 of A¢ewntin9 and R8wJng by Chaiiti&s'. Stateffnt cl Roeomm•ThJgd Pra¢ti¢è app1w￿ to th8r1ti¢8 praparfr thr a¢eounts In accordance wlth th8 Flnan¢kg1 Reportlng Standard applK8ble In the UK and th• RepublFc of Irelond IFRS 1021 (effoclivo 1 j￿uary2019}. S08 TNgtag$Annual Reporton1p￿ndLY Ont ObJ•¢ll¥•8 Tro twste88 have consldgr•d Cwty commisslon's 9uldKe on pubue ben•frt i￿ludIng the guld8ne• 'public benefiL' nnlny a ¢hty P821'. HNAN¢thL REWEW Th? pernstlrYd impa¢ of th& Uluainè and the IlngerlThJ •ffecas of the COV￿19pande￿ c•nllrth to resonate throughout IMCI)8r•lw. wlth inue•5iTrJ mjmb0fofy￿ty sg¢klng our8UPFuL In tsnd•m with Incr8880 In cwr operaliwal programrne8. kfvtionary 8$ ¢¢￿￿n￿e to pernis( whith l•d to O)OkkncYvas•ln¢MFAaL1••¥per￿￿c0￿P￿redIOth8 prevIou$￿. However. through prudent d4sh?n.m•knng. strategic m0naggm•nt and adaptthlty, w h8v• 8elt8d emerykng fwpthJnMi8S anddlverslfi¢d oUrIn￿Me Sire￿ toensum tha ￿tini￿ty ofourvhal Chjr pos111￿ n6t in¢orng for Ihe year hlghllghts fv thv•n8$8 of c4Jr 8fforts and lh8 dgdl• crf our team In ntivigaung th8challengg8 P088d by lh• exlemal 8nTrAronm8nL Lth)kh)u al￿d to tho lutur•, w8 ar• Lxffifidont in our abnlty to rern8kn erxl a9Ue in a omnomic I￿$￿APa. c¢nfjnutng to mth a me8Thngful drfferenL% kn thè lfve$ ofthosewe suppJrL Th8 TnJth88. who 81•0 Dir8CtOTS. con•lder that there aro no mthrf81 w¢ert￿nI1• thut th• Charftys a6 8 goln9wncem forthw rnxt 12 ablllty to ¢C￿￿U0 ofCh•rfty URUN SYNERGY 1138802 Ctynp•nYr•gtStrati¢￿ numbor 07358294 2 Lowkham LorKlon SE13 7EJ Th•tru&t•És offic8r•tr•F¥lTho dunno Ihe yaarand•In￿th# yearvnd ww• a8fc4kThb*: Trevor Patslck Cja Lella Thomas Donovan Davldson Channaine Charl•¥ Emma Mlller Amanda Osu#gwu {ApWnt8d: 20 D￿nber2022} 1of12

URBAN SYNERGY Report ofthe Trustees Continued For the year end6d 31 August 20rJ lThd•p•nd•nt•xamknw Ernmanu￿ Man6ah FMhAT GroundFIc)rW88tOffie• 10 Nth¢la¥ Howe. Rh8rFmnl Enfi8ld EN13TF 4¥)prov8d byth• Bo¥d ofT￿Stea8 and Siw￿d on ttstr*hdf Don¢van Davtdwn-Tnthg 20112

URBAN SYNERGY Independent Ex8mln8rs ReFort to the Tru8te6s Forthe yaar endod 31 August 2023 I T•￿￿tothetrUSt•O& on rnyex•nin8tton Ofth8•¢￿unts ofth8 (ththble wnF•nybrthe yo8rW￿0d31 Augu8t202 R••pon8lblllll•8 and of r•port As charity Tru8tee5. are 01>) dlredowl lor ts purF4JW of r￿MpanY Iw. ar• re8pM￿ble for Ihe ￿￿par4￿c￿ of tho 8ccounls In ac¢ordanc ￿th the rnwirement%ofth• Companlt8 knt 2()6 Cthe ￿16 Arf). Havlng salsfied myself that t￿ 8C(x)unts of the Comp8ny are nc requked h) bD audit8d Part 1601 the and •r8 8ll•bl& for IndeF￿nI 8xenMnatlon. I rwrt In ro8 of rny ￿mInatIOn of your charW8 8￿nts ¢arriad uThl•r clhtin 145 of the Chartt￿5 Act 2011 2011 Arfl. In out my examina¢(on I hava followed th DIr¥C4￿ glv¢n by th8 ¢hailty comm1B￿On under section 145(5llbl of the 2011 Act. Ind•p•nd•rrt ex•rnln¢rntthn¢rt Slnc th¢ Ch8rftsbb companl8 In￿rne oxctsded £250,CQO. y(wr examiner m￿1 b• 8 m￿1)0r of 8 Itsknj in 8Ctlon 145 of the 2011 AGt. I mnfimi that l am qualllltrj lo undtrtake thB examkn8lion by vi￿0 of my member8hlp of . whlth J50ne oflhg ￿￿1￿￿ bDdkn. I h9vel￿mplOted rnyexananalKfft. I confirmthat no Matters havo¢om8to myatt•ntknD rn C￿￿etti￿n wlth the examI￿￿on glvlng m& ￿U80 to ￿ravo that in anymaterfal re8P8d: 1. a¢counlSngr8c(rtsr• Th)tk8rl tn rg8pe¢tofth•Comp8nyaB r8Wr•d ty8ecllffi 386oftho2006A¢t or 2. the4￿nts thintstatxx¥dwllh th¢)80 r¢ttJrd&.' 3. thè a(rounts do ￿t¢0mplY￿1th th8requlrement5 ofsg¢tion 396 ofthe 21106Act olh8rthan anywuirom&nttrtth• a¢¢ounts yvo a In￿ and fvirwèvl Is not 8 rnatterc)nsld¥red a8 Wt ofan lThlep8ndont eX8rnln4kn.' 4. thgawjunts have not b88npreprnl In 8ccordan¢8th thè melhods an¢ win(iplosof stst•rn8nt of R8wnmend•d PrnCt￿ foraccowting and mpotting by ¢hariti88 Op￿ICable to prwrfno thdr acwunts In •ccordanceYth the Flnancial Rewtirvj Standard apF41c8N• In the UK 8nd Reput41¢ of Ir8lanL1 (FRS 1021. I have rto conc4m8 and have come 8rmss nooiher matt•rs In ttjnnacllonwiih the ex•rninatlonto wrt￿¢h 8htyJld bg drawn in thi8 worl in ordor logna￿e a woperuThderstanthng ofth• aCt￿nISt0 bo Emm8nud Mensah FWAT Ground Floor Westoffico 10 Niehda¥ HO￿¢. Rivor Front Enfiald EN13TF Dattr.. 24 June 2024 3of12

URBAN SYNERGY Ststementof Financral Adivfties (including Income Expend￿re Account) Forthe year ended 31 August 2023 fitnd• Donations athl legadt8 01hert￿liThJ•c￿Wti•¥ Investmerts 570,e63 421,035 17.492 Totsl 41974 644140 7.387 ExP•ndI￿r0 Charttsbje acltr•tdpB Other¢xpendthrè 1fj40.O)51 143B&12) 12151 {4xn7) (640,W4 R•¢orKlll•tlon olfvnd• Tol81 lunds brouphtfcThbTd 4135 332,531 325.011 4of12

Regiaknj Number: 07358294 URBAN SYNERGY Statsment of Financfal P0s￿on As at 31 August 2023 Flx•d 12 13 Cash at b#nk•nd in Iw 130.158 431,170 42220 Crnth1￿ amourt• tsllng du•withfn •n• J N•t currnntaB••ts T¢tal #ots IM curY•• lknl 14 (225.6LKII 1120.2251 33¥,728 331,5 332W1 332.S31 Th• fund• orth• chwxy Unrestrthd lurl$ 15 336,666 332.$31 Fw th& yw 8nd0d 31 Auw5t 2023th9 ￿rnPary wa% •ntiUed lo exompthjn from •Jdtt und8r w￿[on 47Td thg Cthrpanles Act2006 relating to smah cernpath& Tha momb8rs hav¢ requ¥￿ r￿rnPany to obtaln an of Its accxJunts for Ihe yw li qU￿lIOn h attu¢•n¢• th 58cllon 476. Th¢ In￿tea¥ 8cTr)ledye re8pon8lbl￿￿69 for +>JmF4yxi9 th th• rewtremèn18 of ts Act th r88P•Ct to actwnung f8C4)rds ond the pr8Parati￿ of counts. Th06è aCLX)iin18 lve ￿en prepared In a￿Vda￿ with Ihe provWon8 appll¢èL& to ￿MPa￿ 8utle(to the Small ¢cffipanies' rnglme. Th•fin9nClelstst￿•ntSW￿r•8￿0Vj gn¢jaUtt￿rtO•d for1s¥￿byth•B0srd4ftd nod on tt¥ b•h8Wby. DOn￿n DovJd8 Trusteo Sof12

URBAN SYNERGY Notes to th8 Financiai Statements For the yearended 31 August 2023 1. Aoo•Jntlry Polkl•s Ba•hof accoub)tlng • financ5￿ statements have been prwred und•r the hIst￿l¢al cost cOnvent￿n, except frInv￿lrn8nts vthlch are induded 8t market VBlue 8nd the revaluaoon of cortain fixed as58t8 and in ac¢0rd8nC8￿h the Ch8rlties SORP IFRS 1021'A¢cJunb"ng and Re￿rtIngbYCharfI1e6. Ststgrn•ntolRacomrnendpd Practlcèapplicoble tocharfty￿ prepeong their 8Luunts In accordan￿ wth Iho Finafi￿al Reporting Standard appllcat48 In tho UK and Repubjk of {FRS 1021 laffecuvo 1 J8nuary2019)', F(nantsèl Reportlrw Standard 102 Ihv FIn￿441 Roportfng StoThaard 8pplirAblo In thg UK and R•pubJlc oflrdand IFRS 102). and tho Compani8sA20Cfj. URBAN SYNERGY mo•tsthe deffnthn ofa publl¢knofit¥nUty undgr FRS 102. Assèts8nd llabl1￿$ are InM8ly rac¥nW at hl$torical ￿tOrtran84¢tknn v8luounl888 otherw18 5tat•J knthèto18vantartounUng ￿l1¢y￿￿tel¥). 2. In¢orn fr•m donatlon• and 2022 Unrpstrktsd l￿d 717V2 497.901 Gmnts reLxiv•d 57034 3￿201 Fund r￿S[n9•y6n18 29.603 17Atr2 17AY4 Bank Int￿￿1¥￿Vable 6of12

UR&4N SYNERGY Notes to the Financlal Statements ContiTwJed For Ihe year ended 31 August 2023 Oth•rln¢ UTrr•¥trl¢t•d fun 43.974 7.387 41974 7A17 Cojts olrharablo by fund typ• Unr••trfdAd funth Youlh Menb)rfrvJ, S8Trlnars& Wowkshops Supportwst¥ &)6.￿7 230.026 208,476 Youthmenlorfrtg. sen￿ne￿a 806.697 640.005 44502 Anaty•h olsupport eo•ts Yoth IlwrtorfrwJ 8•MIn￿ & Wwk•h 174,950 11240 15265 SupportCosts- Resourcas G0veMBn￿ eL* 11871 12,104 333 7,¢r21 7of12

URBAN SYNERGY Notes to the Financial Statements Conllnued For the year ended 31 August 2023 N•t In¢om•I{•Yp•ndi￿l•) forth• ymr This is Stated aft•rdrglnWlryo¢lltlng}.' 2022 Independent examlmes f88S Staff pe￿￿n￿￿ti1bUtion8 5A72 14,788 4,314 2217 10. PJtaff co8t• nd •m￿M￿nts Totsi 81aff ￿51$fOrth? y￿r ended 31 ￿O￿20f8W0ro'. Sa18riw and wago6 221042 40.012 14.786 151M7S P•n8kn costs 2317 181J47 Almin & &pport Stal 13 13 11. COM￿rat￿•T￿th• slat•n￿￿oI Fln•KlalA¢Uvld Thecornpwativoyearvaluosonthe Statèmentof Fhw(¥alAdvNlas ￿fOr￿n￿$trl¢Wfijwj 12. kntnglbl• fix•d •M•ts C•* orv•lwth At 01 S•plem￿r ￿22 At 31 ￿gUst 2CQ3 N•t book valu At 31 Augu8t20rJ At31 Augu512022 8of12

URBAN SYNERGY Notss to th8 Flnancl Statements Continued For Iha year ended 31 August 2023 Amount du• lthln wy••r. TradedebtL¥ PrepayTr*nts and ￿ed Incom• Oiher dpbknr¥ 105.708 24.448 4,081 88.139 42220 l& Cr•thrn: an￿￿1111￿9 du• >•r $and d•ferndlncomo 13.584 212.016 112.389 120225 1& Mov•m•ntln fvnd• knc•mthg 332￿31 644.140 1640.CQ5) 336,686 332A31 641140 {040,0051 334686 B•lon¢e•t ¢omlnv Gonernl 32&011 446,237 143171n 332,531 J32,531 Goneral Tlwè w•fund# not reslrfthd In nabjre can bè •ppli8d as tha eoard fft tyJtV4ithtn the $c¥pa 01th8 ch8dUe obJ8rls and Intendgd PUWFO805. of12

URBAN SYNERGY Notes to the Financial Statsments Contlnued For the yearended 31 Augu$l 2023 tglbk Nthta¥r•nt N•lAM•f• Gen8rn1 335.726 338.686 Ger￿41 331,591 332.531 10of12

URBAN SYNERGY Detailed Statement of Financlal ActMIl68 For the yearended 31 August 2023 IM¢OPIE AND ENDry•Vh DoNt1￿ and1•o•Ele• Special DDnallong GIftAfd IrK¥me 50.811 5086 1.137 218,252 134,269 12.6 1698 101 145,257 Corptrrnta MenttyirvJ Irwm Fund r&i51ng8v)ts 29,503 17.492 29A03 17￿2 Banklnter•5trnc4lvaL40 323 Oth•rinrome 43.974 7287 41974 7Jri Tot•1 Incomlng EXPENDrruRE 641,140 Staff costs-waps & 6alar staff ￿$ts. SOLaal sevjwitytosls Staff ¢ost5. Fen51￿ contribuOorA COntr￿lstaff Costs (228,042) 140.6121 {14,786) 130.4511 (48.434} 189,2201 (16,504) If51.6751 porffi) 21T) 150.3211 180.3451 145,6621 112.8611 (T,5671 .650) (9,8991 .4eo} E4emlna UKPN Ments•Salaries Mentoo Ewn688 M8nte8 CRB Che(*s Prol•ssh?nal F•¢$ {41,340) 147,4211 History Morth Fundrabiryg SutrWlon8 & Mem. Du¢$ Work Experftrr {12.8621 (1,1001 13&925) 13.5731 (006M971 (402.7XII P151 1215) Staff ￿$￿-Wag¢S & $8larf8S Staff costs-$ocid seujrfty 11of12 Th[8 Pa￿ notf0rn7 partoftha 8tatu1￿￿n￿Cl8rS&l•rn

URBAN SYNERGY Detailed Statement of FinanrAal Acfivllies Continued For the yearendad 31 August 2023 Staff o)8ts. Knslc•) l￿bU)n9 112.871) 1112401 (118n) 12401 SupportCo8ts. Resoutc•s (12.1041 1#5.265) 1111041 {15315) Indep8rnlent Examlnws beg 1&472) {2,861) 14,314) 12,7071 (0.3331 Cl￿21) 14¥n7) N•t In¢•m• 13fj 7J20 12of12 Thiswg• does rtrjtfomi partofth9stattthknyft￿￿a￿51OtrJ￿nts

UR&4N SYNERGY Inthpendwrt Examlner6 Report to the Trnsteos Forlhg yaarondod 31 August 2023 •unts In 1¢wth￿tY￿1h th• rquIr￿m￿ts oftho ¢￿￿PInI•l 12£￿(￿•211?6P# Havhg ￿t￿￿ed mys•if th•1 the #ccowts of tho Ccmpsny ar¢ Mt wpwtrod kn t• audknd ￿dIT Pwt 16 of tho 2￿)GArt and •o¢tM 146 01 th8rfti8& 2011 2011 Actl ry WAI￿n￿￿on I fdltyawj Oir•th by the Carlty Comrf$4ton ￿der4e￿i4)Th 14515XtsI of I￿2011 ¥•dhJn 145 of tr 2011 l efth IP4t l •rn qwfiied tD ￿lI￿1•ka th¢ •xanthwkn by my m8rr&•r8Np rf . fAfiIth ts Dnoaltholbtsd btyJi8B. f. ¥￿1￿918￿d•￿￿Ik￿0nWpw￿o1tscCfflPyry￿l•tyI1¥d ty••¢lon306olthJ20M4 Fh)nd&l ReprfftySt4nthnlaF*bi•ln th•UK and Ryblkoflthd (FRS 102). drnwn lTrthi8W Inordwloobf¢ & propw Und•r¥t￿￿n9 oflh# •t&wntstr•b•rn•Ghod. Grournl F&xrlNestOllc• 10 NtclK4ag Houw. Mv•r Fioni EN1 3TF Dalo: 24 June 2024 30112