2023-12-31-accounts - Synergy Wales (Cyfle Cymru)

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SYNERGY WALES (CYFLE CYMRU)

Report and Financial Statements For:

SYNERGY WALES (CYFLE CYMRU) Year ended: 31 December 2023 Charity no: 1154719

SYNERGY WALES (CYFLE CYMRU)

Contents Page

Reference and administrative information	3
Report of the trustees	4-5
Report of the independent Accountant	6
Statement of financial activities	7
Balance sheet	8
Notes forming part of the financial statements	9-10

SYNERGY WALES (CYFLE CYMRU)

Reference and administrative information

Registered name and number:

SYNERGY WALES (CYFLE CYMRU) Charity no: 1154719

Trustees

2023

MRS SHEILA MARGARET PARSONS PG DIPLOMA, CERT ED MR SIMON JAMES HARVEY

MRS EUNICE MARY DAVIES MRS JOY ROWE

Chief Executive

Mrs Sheila Margaret Parsons

Principal Office 5 BRUNEL AVENUE ROGERSTONE NEWPORT GWENT

NP10 0DN

Accountants

JRM Business Services Ltd

Bankers

HSBC Bank Plc 38 Gwent Square Cwmbran Torfaen NP44 1XL

SYNERGY WALES (CYFLE CYMRU)

Report of the trustees for the year ended 31 December 2023

The trustees present their report along with the financial statements of the charity for the year ended 31st December 2023. The financial statements have been prepared in accordance with the accounting policies set out on page 9.

Structure, Governance and Management

The “SYNERGY WALES (CYFLE CYMRU)” is a registered charity has registration number 1154719 and governed by its constitution.

The charity is managed by its trustees who are listed on page 3 of this report. The trustees are elected by the members in the charity’s Annual General Meeting.

All trustees give their time voluntarily and receive no benefits from the charity

Objectives and activities

"Synergy Wales (Cyfle Cymru) was setup by parents and carers of adults and children with Learning Disabilities in Wales. It aims to work in the community with individuals with Learning Disabilities, their families and carers. The aim of the charity is to provide services that will enable individuals and families to develop skills, independence and interdependence whilst receiving appropriate support within the community.

The charity aims to work with all relevant stakeholders for the benefit of people with Learning Disabilities, their families and carers. The services provided will aim to enhance the quality of life and the genuine integration into the community of individuals and where appropriate their families and carers"

Financial review and reserves policy

The charity’s financial activities are as shown on page 7 which, given the size of the charity, trustees consider this to be satisfactory.

Trustees review the financial performance of the charity, its fundraising strategy and associated costs on a regular basis. The charity raises funds from individuals, various trusts and statutory bodies, and also receives income from fundraising events.

SYNERGY WALES (CYFLE CYMRU)

Risk management

The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.

Accountants

JRM Business Services Ltd were appointed as Accountants for the financial year ended 31 December 2019 and the resolution for their re-appointment will be put forward in the next meeting.

Trustees’ responsibilities in relation to the financial statements

Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:

Select suitable accounting policies and then apply them consistently;
Make judgements and estimates that are reasonable and prudent;
State whether applicable accounting standards and statements of recommended practice have been followed
subject to any departures disclosed and explained in the financial statements; and
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charity will continue in business.

The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to the Accountants

The trustees who held office at the date of approval of this trustees’ report confirm that, so far as they are each aware, there is no relevant financial reporting information of which the company’s Accountants are unaware; and each trustee has taken all the steps that they ought to have taken as a trustee to make themselves aware of any relevant financial reporting information and to establish that the company’s Accountants are aware of that information.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the trustees and signed on their behalf by:

Name……………………………………………………..........

Date: ……………………………………………………………..

SYNERGY WALES (CYFLE CYMRU)

Report of the Independent Accountant to the trustees on the accounts of the Charity for the year ended 31[st] December 2023

We report on the financial statements of the charity on pages 7 to 10 for the year ended 31[st] December 2023 which have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (the FRSSE), effective April 2008, as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, effective April 2005 revised in June 2008, (The SORP), under the historical cost convention and the accounting policies set out on page 9 .

Respective responsibilities of Trustees and Accountant

As described on page 5 , the charity's trustees are responsible for the preparation of the accounts. The trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit or an Independent examination.

Our responsibility is to prepare accounts upon the basis of the information supplied to us .

We have not carried out any audit procedures and have relied upon information supplied to us by the trustees , and the information supplied by the trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently we do not express an audit or other assurance opinion on the view given by the accounts.

SYNERGY WALES (CYFLE CYMRU)

Statement of Financial Activities for the year ended 31[st] December 2023

Notes Incoming and resources Grants, contribution and other income 2 Resources expended Charitable expenditure: Events and fundraising activity Grant refunded Depreciation Management and administration 3 Total Resources Expended Net Incoming resources expended Transfers between the funds 5 Balance at 31 December 2022	Restricted £ 0.00 0.00 0.00 0.00 - -2029.95 6115.41	Unrestricted £ 1554.00 6696.60 411.20
		7107.80
		-5553.80 2029.95
		0.00

SYNERGY WALES (CYFLE CYMRU)

Balance Sheet as at 31 December 2023

Note 2021 £ £ Fixed assets 4 0.00 - Freehold Property Leasehold Property Furniture & Equipment - Current assets Debtors Prepayments Rent Deposits Cash at bank & in hand - 6815.41 - Creditors: Amounts falling due within one year 700.00 Net Current Assets/(liabilities) 6115.41 Total assets less current liabilities Funds: Restricted funds 5 6115.41 Unrestricted funds 6 0.00 General Reserve 0.00 Total Reserves 6115.41

Approved by the trustees and signed on their behalf by:

Name…………………………………………………………..

Date…………………………………………………………….

SYNERGY WALES (CYFLE CYMRU)

Notes forming part of the financial statements for the year ended 31 December 2023

1. Principal accounting policies

(a) Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities. In preparing the financial statements the charity follows best practice as laid down in the Statement of Recommended Practice “Accounting and Reporting by Charities”

(SORP2005) issued by the Charity Commission.

(b) Incoming resources

Income is accrued in the account where the receipt of the funds is assured with reasonable certainty.

(c) Resources expended

Expenditure is included on an accrual basis. Management and administration costs comprises for the running of the charity itself as an organisation.

(d) Tangible fixed assets and depreciation

Depreciation of 20% is charged on furniture and equipment on straight-line basis

(e) Fund accounting

Details of the nature and purpose of each fund is set out in note 5.

2 Grants, contributions, donations & other income Donations	2023 Unrestricted 1554.00 1554.00	2023 Restricted 0.00
		0.00

SYNERGY WALES (CYFLE CYMRU)

Notes forming part of the financial statements for the year ended 31 December 2023

3 Management and administration

Rents & other running costs Accountant fees Insurances 4 Tangible Fixed Assets Cost 1st Jan 2019 Additions As at 31st December 2016 Depreciation NBV		2023 2023 Unrestricted Restricted 61.20 0.00 350.00 0.00 0.00 0.00 411.20 0.00 Unrestricted Furniture & Equipment £ 0.00 0.00 0.00 0.00 0.00

5. Funds

Unrestricted funds comprised of those funds, which the trustees are free to use in accordance with the charity’s objectives.

Restricted funds are funds, which have been given for particular purposes and projects.

6. Unrestricted Funds	2023
	£
General funds	0.00

7. Commitments

8. Post Balance Sheet Events and Commitments

As all charities within the UK we continue to be affected by the Covid 19 pandemic that has hit the UK. Our activities are suspended until such time as we are advised it is safe to resume and they will be continually reassessed. We have availed ourselves of any Grants to which we are entitled.

9. Contingent Liabilities

The trustees are not aware of any contingent liabilities, which would affect these financial statements and the position of the charity as a whole.