Empowering Youth: Annual Impact Report Year ending August 2024 Registered Charity number 1138802 Contents Foreword from our CEO & Founder Update from the Chair of Trustees Message from the Youth Advisory Council Co-Chairs About us and impact in the reporting year Financial report Welcome from the CEO & Founder Welcome to the Urban Synergy Charity Annual Report. As the CEO & Founder of Urban Synergy, I am honoured to share our charity's achievements over the past year. Our mission to empower youth and increase social mobility has seen remarkable progress, and we are excited to present the impact of our initiatives. This report highlights our key initiatives, success stories in and beyond London, and the positive changes we have fostered in the lives of young individuals. We are grateful for the support of our partners, our Youth Council and my incredibly hard working team, as well as our Trustees and Patrons. I look forward to continuing our journey towards ensuring that no one's background ever holds them back. We also thank those companies and organisations that designated us as their chosen charities, especially Aegon, FTI Consulting and Lewisham Council who continue to raise funds for Urban Synergy. My thanks go especially to the Council who built my profile as nominated Mayoress of Lewisham. I am grateful too for the combined efforts of our Corporate Advisory Board chaired by David Craig with members drawn from Citi, Dynamic Planner, Goldman Sachs, LSEG, Salesforce, UK Power Networks (UKPN), WTW, and Sony Interactive Entertainment. Thank you, all. Leila Thomas Urban Synergy’s 2027 strategic plan is bold, targeting support for 50,000 young people. This year proves we’re on the right track. Dr Patrick Clarke OBE, Chair of the Board of Trustees Update from the Chair of Trustees As Chair of Trustees, I am proud to report another year of growth, innovation, and resilience at Urban Synergy. Amid growing demand, our programmes expanded their reach and deepened their impact. We’re thankful to our corporate advisory board (USCAB) members and corporate partners — including Citi, Dynamic Planner, Goldman Sachs, London Stock Exchange Group, UK Power Networks (UKPN) and WTW — for their funding, mentorship, and insight. Notably, new partners like Salesforce have added valuable energy and expertise. The economic landscape remains tough. Yet our community — from mentees to mentors to staff — continues to rise. Urban Synergy’s 2027 strategic plan is bold, targeting support for 50,000 young people. This year proves we’re on the right track. Dr Patrick Clarke OBE A Message from the Youth Council Co-chaired by Urban Synergy alumni HawaKaytee Jalloh and Stefan Harriot, the Youth Council acts as a vital link between the charity and the wider youth community, offering valuable insights to help improve the charity’s programmes. Seen here in action in August. Message from the Youth Council Co-Chairs As alumni of the Urban Synergy programme, we’re so proud to represent the voice of young people and play our part in shaping the future of the charity that shaped us. Throughout the year, we’ve supported mentees at events and Insight Days, been on corporate panels, delivered speeches, and raised funds. We’ve also led outreach to recruit new mentors and mentees; and we've loved visiting the schools we came from to tell our stories through in-person Success Looks Like Us seminars. We are passionate about giving back and ensuring every young person has the opportunity to thrive, no matter what their background. A highlight of the year was our community Sports Day in August 2024 — a joyful day where alumni, mentees and mentors came together for fun, fitness and connection. Events like this and Urban Synergy's annual golf day show the strength of our network and the sense of belonging Urban Synergy creates. We’re proud to stand on the shoulders of those who supported us, and we’re committed to lifting the next generation even higher. Hawa-Kaytee Jalloh & Stefan Harriot Introduction Founded by a City of London professional in 2007, Urban Synergy is an award-winning youth empowerment and social mobility charity, transforming the lives of 9 to 24 year-olds - starting at primary school - through inspirational role models, dynamic mentoring, career insight events, and real-world work experiences. From classrooms to boardrooms, the team connects future talent with top professionals, widening organisations' talent pipelines and creating safer, happier and more productive communities. Urban Synergy ensures you never hear: "I don't belong in a place like this." Our report covers initiatives from September '23 to August '24 showcasing their impact and success stories across the year. Our Mission In a world where mental ill health and anxiety, long-term unemployment and criminal activity are societal issues, we work in schools with high levels of free school meals and companies looking to close the skills gap, increase diversity, promote volunteerism, and reach new talent. Our Vision is one of equity. We are incredibly proud to have now supported over 32,500 young people from Primary school to 24 years of age Since 2007 Our reach in the UK The map above shows where our mentees and mentors are based 2024 in Review The Difference We Made 6.8K 9.3K 70 Students supported Hours of Work Experience up 52% Events in schools & beyond 187 86% 4.9K Mentees Rated by young people as excellent Corporate volunteer hours Zak's story Zak benefited from work experience and mentorship with us and gained a first class degree in Human, Social & Political Science at Cambridge University in 2024. "Urban Synergy played a significant role in developing my ambition early on, and I will always be indebted for this." Zak on a school visit to Thomson Reuters, and seen right, graduating. Jadon's story From school to PwC: "Urban Synergy changed my life. The area that I grew up in, nobody knew the opportunities to work in the big city. In short, I had no vision and no direction and that came with a lot of anxiety." Jadon shares his journey to becoming a PwC Management Consultant Apprentice | #mentoringmatters Urban Synergy mentee, Jadon - a Management Consultant Apprentice at PWC - shares his experience. He says: "Urban Synergy changed… youtube.com Thank you so much for supporting our year ten students. They were buzzing with excitement. The impact on their spirits and their belief in themselves is immeasurable, it has enabled them to believe in what is possible for each of them. Gizele Landman, Principal, Harris Academy The Mentor's story "Urban Synergy are there to provide you with the guidance and the help you need to kickstart a mentoring relationship," Gemma, Business Analyst, M&G Samuel's story Samuel had two "incredible" mentors: Frank Shenton, a software engineer, and Basil Mason, a consultant at Booz Allen Hamilton. Their industry knowledge, guidance, and support shaped Samuel's career path. "Now, at 19, I’ve just started my apprenticeship at the financial data and media company Bloomberg, and looking back, Urban Synergy played a huge role in getting me here!" The Parent's story Abdul's mother says: "I've seen so much positive change in my son. He's so confident now he's with Urban Synergy. Abdul had paid work experience and bought his own sixth form uniform." Parent testimonial Parent talks about how mentoring helped her son. youtube.com Angel's story Following an internship with Urban Synergy, Angel is now enrolled in a full-time Software Engineering Apprenticeship at Thomson Reuters. "The charity opened doors for me to opportunities I could never have imagined. I found the guidance and support that helped shape my future." Yearly Summary 01 Mentoring Success We successfully mentored over 180 young individuals, providing them with the guidance and support needed to excel in their educational and career pursuits. 02 Career Talks Our career talks reached over 6K students, inspiring them to explore various career paths and connect with industry professionals. 03 Corporate Volunteer Hours We have trained, Enhanced DBS checked and matched volunteers from our corporate partners to create 4.9K hours of voluntary activity. 04 Increased confidence Mentoring and becoming 'work-ready' increased confidence during the year as shown by the 'spidergram' below. Becoming 'work-ready' Confidence is built around specific work-related skills, including: qualifications, job interviewing, presentational and organisational skills, and - of course - what to expect in the workplace. Some highlights of the year Apprenticeships gained More primary schools New offerings In two-year programme Inspiring 9-11 year olds Youth Council-led Three of our 11 young people who did We deployed more role models to Urban Synergy alumni went back to work experience at WTW as part of more schools to inspire and broaden the classroom to share their stories. the 'DreamBig' programme gained children's horizons from an early age Success Looks Like US seminars apprenticeships, defying average offered peer-to-peer inspiration in 1:1500 ratio odds of a place in the schools with high levels of free school financial sector meals Some highlights of the year Global business in Reading Birmingham Schools Mayoress of Lewisham Paid Internship extended Met PwC Honorary role accepted Four young people joined Dynamic Urban Synergy began working in The London Borough of Lewisham Planner as paid interns at the leading urban areas of the Midlands with our invited our CEO & Founder, Leila financial tech business in Reading corporate partners Thomas, to be a Mayoress of Lewisham and made us their chosen charity. Leila is seen here with Brenda Dacres OBE, the Mayor of Lewisham Some highlights of the year First mentees celebrated Lewisham students Mentors celebrated Urban Synergy Ambassadors Begin at M&G Annual Awards Now successful young men and The bespoke Urban Synergy & M&G PwC's Albertha Charles presented mentors, TJ, Chad, Kofi and Gavin Apprenticeship programme began in Lloyds Bank's Max Jones with an received the Paul Lawrence Award at London award for mentoring excellence an award ceremony sponsored by Boku, Moody's BRG, Salesforce, Aegon, 25 Bedford Row and NewFlex Some highlights of the year Golf Day 2024 The sound of success Accelerating STEM Giving youth a shot at success Netflix & BAFTA-recognised With Ford Urban Synergy introduced young Sound Designer Chad Orororo met Bringing young people, and especially people to golf in a day of professional students at Prendergast Ladywell girls and women, into Science, networking and fundraising (over Primary School - as one of the first Technology, Engineering and Maths£20K) for the charity. The event was mentees of Urban Synergy from related or STEM roles defines our sponsored by UK Power Networks, Deptford Green School Talent Accelerators with Ford Salesforce, Moody's BRG, Aegon, 25 Bedford Row, XCHG, NewFlex, London Stock Exchange Group, FTI Consulting and WTW Some highlights of the year Croydon comes to LSEG Behind the camera Fundraising boosted London Stock Exchange Group at ITN We became a chosen charity A Corporate Insight Day with London Urban Synergy mentees began work Thank you to Lewisham Council, Early Careers Community at LSEG experience on the Jeremy Vine Show Aegon, FTI Consulting and our alumni, inspired students from Oasis Shirley at the ITN Studios team, friends, and family, who ran for Park School - Croydon School the charity in Santa suits through the City of London and in Battersea Park to raise vital funds Future Plans Expand Reach Enhance Programmes We aim to expand our reach to 50,000 more young individuals by 2027, Innovation workstream planned to enhance our existing programmes by providing them with mentorship and career opportunities. incorporating digital tools and resources, making them more accessible and effective for AI-savvy 'Gen Z'. £ Strengthen Partnerships Increase Funding We will strengthen our partnerships with industry leaders to secure more We aim to increase our funding by 20% through new fundraising initiatives internships and work experience opportunities for our participants. and partnerships with philanthropic organisations. Thanks to our partners for... ... your time and donations to fuel corporate insight days, speed mentoring, interviewing, and (often paid) work experience. Thank you for funding us to train mentors and provide safeguarding, and for our work with inspirational role models in schools. See more partners below Thanks for... ...your time and generosity. Thank you to the Urban Synergy team, our Volunteers, Patrons, Trustees, and the people who supply auction items for our events, and to everyone who contributes and raises funds for this vital work. Our Financials Thank you for reading this report. Below are audited accounts for 2023/24. Read the Full Accounts Patrons: Eddie Nestor MBE and Garry Green KC, and Dr Learn more Courtenay Griffiths KC Contact us London UK info@urbansynergy.com www.urbansynergy.com 2 Lewisham Hill, Lewisham, London SE13 7EJ Registered Charity number 1138802 This PDF is a static version of a live Storydoc. For the most up-to-date version and a fully interactive experience, please visit the provided link. https://doc.storydoc.com/DXIHrf Made with
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 2024
URBAN SYNERGY Contents Page For the year ended 31 August 2024
| Report of the Trustees | 1 to 2 |
|---|---|
| Independent Examiner's Report to the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 10 |
| Detailed Statement of Financial Activities | 11 to 12 |
URBAN SYNERGY Report of the Trustees For the year ended 31 August 2024
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 2024. 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
Urban Synergy continues to face a challenging external environment, with consistent increase in the demand for our services. While our total income declined compared to the previous year, we have been successfully working to diversify our income streams.
Through prudent decision-making and strategic management, we also effectively managed our expenditure to achieve break-even.
This year, we implemented a change to reallocate payroll costs directly to specific programme activities, enhancing transparency for funders.
These strategic adjustments and prudent financial management ensure our continued ability to deliver vital services and maintain our going concern status.
GOING CONCERN
The Trustees, who are also Directors, consider that there are no material uncertainties about the Charity's ability to continue as a going concern for the next 12 months.
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
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URBAN SYNERGY Report of the Trustees Continued For the year ended 31 August 2024
Independent examiner
Emmanuel Mensah Vision 25 Innova Park Electric Avenue Enfield EN3 7GD
Approved by the Board of Trustees and signed on its behalf by
Donovan Davidson 28/05/2025
............................................................................. Donovan Davidson - Trustee
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URBAN SYNERGY Independent Examiners Report to the Trustees For the year ended 31 August 2024
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 August 2024.
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:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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, MBA (Bus Fin) Vision 25 Innova Park Electric Avenue Enfield EN3 7GD
Date: 28/05/2025
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URBAN SYNERGY
Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 August 2024
| Income and endowments from: Notes Donations and legacies 2 Other trading activities 3 Other income 4 Total Expenditure on: Charitable activities 5/6 Total Net income Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 452,755 54,383 32,376 539,514 (537,841) (537,841) 1,673 336,666 338,339 |
2023 £ 570,663 29,503 43,974 |
|---|---|---|
| 644,140 | ||
| (640,005) | ||
| (640,005) | ||
| 4,135 332,531 |
||
| 336,666 |
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Registered Number : 07358294
URBAN SYNERGY Statement of Financial Position As at 31 August 2024
| Notes | 2024 | 2023 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Intangible assets | 11 | 940 | 940 |
| 940 | 940 | ||
| Current assets | |||
| Debtors | 12 | 114,385 | 130,156 |
| Cash at bank and in hand | 298,107 | 431,170 | |
| 412,492 | 561,326 | ||
| Creditors: amounts falling due within one year | 13 | (75,093) | (225,600) |
| Net current assets | 337,399 | 335,726 | |
| Total assets less current liabilities | 338,339 | 336,666 | |
| Net assets | 338,339 | 336,666 | |
| The funds of the charity | |||
| Unrestricted income funds | 14 | 338,339 | 336,666 |
| Total funds | 338,339 | 336,666 |
For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance
-
with section 476,
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The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting
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records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Donovan Davidson 28/05/2025
Donovan Davidson Trustee
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URBAN SYNERGY Notes to the Financial Statements For the year ended 31 August 2024
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 3. Income earned from other activities Unrestricted funds Fund raising events 4. Other income Unrestricted funds Other Income |
2024 £ 169,433 283,322 452,755 2024 £ 54,383 54,383 2024 £ 32,376 32,376 |
2023 £ 72,762 497,901 |
|---|---|---|
| 570,663 | ||
| 2023 £ 29,503 |
||
| 29,503 | ||
| 2023 £ 43,974 |
||
| 43,974 |
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URBAN SYNERGY Notes to the Financial Statements Continued For the year ended 31 August 2024
5. Costs of charitable activities by fund type
| Unrestricted funds Youth Mentoring, Seminars & Workshops Support costs |
2024 £ 464,347 73,494 537,841 |
2023 £ 606,697 33,308 |
|---|---|---|
| 640,005 |
6. Costs of charitable activities by activity type
| Activities | Support | 2024 | 2023 | |
|---|---|---|---|---|
| undertaken | costs | |||
| directly | ||||
| £ | £ | £ | £ | |
| Support costs | ||||
| Youth Mentoring, Seminars & | 464,347 | 73,494 | 537,841 | 640,005 |
| Workshops |
7. Analysis of support costs
| Youth Mentoring, Seminars & Workshops IT Costs Support Costs - Resources Governance costs |
2024 £ 13,062 12,584 47,848 73,494 |
2023 £ 12,871 12,104 8,333 |
|---|---|---|
| 33,308 |
8. Net income/(expenditure) for the year
| This is stated after charging/(crediting): | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Independent examiner's fees | 4,314 | 5,472 |
| Staff pension contributions | 7,639 | 14,786 |
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URBAN SYNERGY Notes to the Financial Statements Continued For the year ended 31 August 2024
9. Staff costs and emoluments
Total staff costs for the year ended 31 August 2024 were:
| Salaries and wages Social security costs Pension costs |
2024 £ - 32,449 7,639 40,088 2024 |
2023 £ 228,042 40,612 14,786 |
|---|---|---|
| 283,440 | ||
| 2023 |
Admin & Support Staff 11 13
11 13
10. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activities are for unrestricted funds.
11. Intangible fixed assets
| Cost or valuation At 01 September 2023 At 31 August 2024 Net book values At 31 August 2024 At 31 August 2023 Debtors Amounts due within one year: Trade debtors Prepayments and accrued income Other debtors |
2024 £ 109,130 5,370 (115) 114,385 |
Intangible asset 3 £ 940 |
|---|---|---|
| 940 | ||
| 940 | ||
| 940 | ||
| 2023 £ 105,708 24,448 - |
||
| 130,156 |
12. Debtors
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URBAN SYNERGY Notes to the Financial Statements Continued For the year ended 31 August 2024
13. Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| Other creditors Accruals and deferred income |
2024 £ 22,203 52,890 75,093 |
2023 £ 13,584 212,016 |
| 225,600 |
14. Movement in funds
Unrestricted Funds
| General General Unrestricted Funds - Previous year General General |
Balance at 01/09/2023 £ 336,666 336,666 Balance at 01/09/2022 £ 332,531 332,531 |
Incoming resources £ 539,514 539,514 Incoming resources £ 644,140 644,140 |
Outgoing resources £ (537,841) (537,841) Outgoing resources £ (640,005) (640,005) |
Balance at 31/08/2024 £ 338,339 |
|---|---|---|---|---|
| 338,339 | ||||
| Balance at 31/08/2023 £ 336,666 |
||||
| 336,666 |
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.
15. Analysis of net assets between funds
| Intangible | Net current | Net Assets | |
|---|---|---|---|
| fixed assets | assets / | ||
| (liabilities) | |||
| £ | £ | £ | |
| Unrestricted funds | |||
| General | |||
| General | 940 | 337,399 | 338,339 |
| 940 | 337,399 | 338,339 |
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URBAN SYNERGY Notes to the Financial Statements Continued For the year ended 31 August 2024
| Previous year | |||
|---|---|---|---|
| Intangible | Net current | Net Assets | |
| fixed assets | assets / | ||
| (liabilities) | |||
| £ | £ | £ | |
| Unrestricted funds | |||
| General | |||
| General | 940 | 335,726 | 336,666 |
| 940 | 335,726 | 336,666 |
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URBAN SYNERGY Detailed Statement of Financial Activities For the year ended 31 August 2024
| INCOME AND ENDOWMENT Donations and legacies Donations Special Donations Gift Aid Income Grants and Fundings CAB Contributions Corporate Sponsorships Other trading activities Fund raising events 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 GUIDE (formerly E-Mentoring) INSPIRE (formerly E-Seminars) UKPN Mentee Salaries Mentee CRB Checks Professional Fees Fundraising Activities Subscriptions & Mem. Dues Work Experience Programme Coordination & Evaluation Advertising & PR Activities SUPPORT COSTS IT IT Costs Support Costs - Resources Support Costs - Resources Governance costs Independent examiners fees Other office costs |
2024 £ 141,762 - - 27,671 205,792 77,530 452,755 54,383 54,383 32,376 32,376 539,514 - (32,449) (7,639) (31,039) (68,163) (70,847) - (3,469) - (69,339) (857) (79,205) (48,627) (52,713) (464,347) (13,062) (13,062) (12,584) (12,584) (4,314) (43,534) (47,848) |
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) (12,871) |
||
| (12,871) (12,104) |
||
| (12,104) (5,472) (2,861) |
||
| (8,333) |
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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 2024
Total resources expended
Net Income
| (537,841) 1,673 |
(640,005) |
|---|---|
| 4,135 |
12 of 12 This page does not form part of the statutory financial statements
URBAN SYNERGY Independent Examiners Report to the Trustees For the year ended 31 August 2024
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 August 2024.
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:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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, MBA (Bus Fin) Vision 25 Innova Park Electric Avenue Enfield EN3 7GD
Date: 28/05/2025
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