# **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023** 

## **SYNERGY SPHERE** 

(Charitable Incorporated Organisation) 

**CHARITY REGISTRATION No: 1191114** 

Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS 



## **SYNERGY SPHERE** 

(Charitable Incorporated Organisation) 

## **CONTENTS** 

|Page 3|Legal and Administrative Information|
|---|---|
|Page 4|Trustees' Report|
|Page 5|Statement of Financial Activities|
|Page 6|Balance Sheet|
|Pages 7 to 14|Notes to the Financial Statements|
|Page 15|Independent Examiner's Report|



2 



## **SYNERGY SPHERE** 

(Charitable Incorporated Organisation) 

## **LEGAL AND ADMINISTRATIVE INFORMATION** 

**CHARITY NUMBER** 1191114 **DATE OF REGISTRATION** 2nd September 2020 **START OF FINANCIAL YEAR** 1st September 2022 **END OF FINANCIAL YEAR** 31st August 2023 **TRUSTEES AT 31ST AUGUST 2023** David Cavanagh David Cave Christine Loh Madelaine Norridge Charles Hume Mark Mumford David Cave **LEGAL STATUS** Charitable Incorporated Organisation **GOVERNING INSTRUMENT** CIO - Foundation Registered 2nd September 2020 

## **OBJECTS** 

The object of the CIO is for the public benefit, the advancement of the Christian Faith, in particular (but without limitation) by providing Christian teaching and training. 

**CORRESPONDENCE ADDRESS** 33 Lower Hall Lane Walsall West Midlands WS1 1RR **PRIMARY BANKERS** CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ **INDEPENDENT EXAMINERS** Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS 

3 



SYNERGY SPHERE
ICh*fjtatA8 Incorrxyated Oryani5at¥Jnl
TRUSTEES. REPORT
FOR THE YEAR ENDED 31ST AUGUST 2023
ActIv￿leS
We have Cond￿ confererKe5 and trainiry Fwammes forthurch 1gad8r8 and arxl prrth cowoel and ath¢fr
to Ghurch88 In varbu8 stages of I￿11rde￿￿jprlleTrl
Th8 TnBtse5 have the gJvJènce wo¥ld8d ty th8 Chanty Ciffim*kn rega￿ and th8 worfl of th
chèrty Iln partwlar thè guhyarts clwitss fcf rdk3kffil.
AGhl•v•m•nts and P•rforrn•￿•
We have he￿ a nurn￿r of event8 thL8 ￿r to 5VPF¢Yt arKI fjqthp of lo•dw5hlp in ¢ur Churc1￿$. Th880 h#v•
raryed from rètr8ats for w$C￿81 for ￿n￿r lo a pattorn of d¥veiopmonl events for prophBtI¢
mlnlstrba In thal church8&
Our 88cond 8nnual kn pornw fvll cthf•roYt• g•the(&J 2c#)
Flnanclal R•vhw
Our flnandal p05rtbn ImprMd ¢¢mFWOd lo I￿t wr. **h a surr1￿ •t s••r and adwu•lo rwr¥a& We 8P8nt
¢￿Idera￿e emrwy. ￿￿￿e¥Or y8ar Sn form￿ a threfryear tx1￿1￿ plan th cJJnluncUon %Ylth &takehohJors
nclud08 a ¥lgnWnt Increage In Irwne aTrJ 8XF•TrJrtur• on dlrecthjl tknfrernr*)y￿.
8tru¢tur•, Gov•rn•nc•and m4na9•n￿rt
We hdd c48h for our charttatrl8 opgrtyikw wKh a •mal nunbor cl¢Jeowi•d •rd r•strttsd lunth.
The Charty l¥ by4 ¥frh8rn fflomb￿ •r• tha CIwTtyTr￿to0&
Irust•O9 ghol apwrthj by Ih• extstkng In41￿ ty rO￿Ul5)n u tyan arnMlgo￿rn1 ffl￿￿ng.
Tru#t••i' Rmponslbllltl
Thfr Iru$l8è8 ar? r8swnylbkn for ryor•rtry TfUglee8' Rertrft lknwncw 8t•tsm•nts In gccC¥thrt￿ ￿th
Law th8 Gen8ralty Acc8pled Accwnliry IGAAPI wxbjlng Fln8rKi•l Repjrtlry Sta￿ard 10?. The Flnanci•l
Rewrtiw Standard athtabl• in Ih iJK 4rKI crflrelaTrJ IVnrt8d ￿rg(l￿n G￿rallY Accepted Arr￿￿11￿￿ Prwkel.
Tha CharR*s Act 2011 requlr8 the IrwJl￿$ lo pr8par8 11rH￿￿1 sla¢ernBnts fty each fln3￿￿1 year y've a tnje aThJ falr
of Ihe 51ate ol 8ifairs cl CIO aTh1 of the surpts crf defKal 4y the CIO for that F•rtod. In pryrtr#J thw financl&l
&talemonts the Iru$te88 are reQ￿red to..
Oiwrvg the mtrlhthts aThJ Sn Chanl*s SORP.
Make IWThnts aThJ estlm8les thwt are roasonat4e aThJ prudent
State whet￿r UK Att￿ntIty Standard5 h*￿ been fc•Th%*d. to any matsr￿1 dgpartur88
dl8ck>sed explained in thè ￿nar￿1 51alemen
pre￿re flrAncla5 ¥tslemenlS the wirvJ cor￿ern ba81¥ wlo81 h ro Inwcwknle to that th? ao
The trustees are respor*ibkn tr ke¢(Mng suff*￿r￿ accrthlT¥J records that dbcbjse wlth reasona￿8 ar¢uracy at any tlmè the
financlal p05rtKn of ts tharity and trnablè I￿rn tO8nsure t￿1 Ihe $tstemants CL¥npty with the Charitie8 Act 2011. th8
Charlty (Accounts ar￿ R8porbl ReguL8lw)ns aTrJ IhB provis￿ of thè Gc*8mSry Docurnent. Th8y are a180 res￿￿&￿18
for 8afe9uarding assets of lh8 ch8rlty and ￿rKe tr ta￿ry steps for the p￿￿titin 8ThJ ￿t￿tI)n of fraud and
olhBr irregulariOe8.
102
s￿ntrd on the* beh81fby TA￿...............
Printed Name..
Crl¥ilST In>
LOH

## **SYNERGY SPHERE** 

(Charitable Incorporated Organisation) 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2023** 

|**Notes**<br>**INCOMING RESOURCES**<br>**Incoming Resources from Generated Funds**<br>Donations, Grants & Legacies<br>**3a**<br>Charitable Activities<br>**3b**<br>Investment Income<br>**3c**<br>Other Incoming Resources<br>**3d**<br>**TOTAL INCOMING RESOURCES**<br>**RESOURCES EXPENDED**<br>**Costs of Generating Funds**<br>Cost of Charitable Activities<br>**4a**<br>Governance Costs<br>**4b**<br>**TOTAL RESOURCES EXPENDED**<br>**NET INCOMING (OUTGOING) RESOURCES**<br>Funds Brought Forward<br>**TOTAL FUNDS CARRIED FORWARD**|Unrestricted<br>Designated<br>Restricted<br>**TOTAL**<br>**TOTAL**<br>Funds<br>Funds<br>Funds<br>**2022/23**<br>**2021/22**<br>£<br>£<br>£<br>£<br>£<br>43,224<br>-<br>725<br>43,949<br>32,940<br>24,940<br>-<br>-<br>24,940<br>23,366<br>35<br>-<br>-<br>35<br>2<br>4,852<br>-<br>-<br>4,852<br>325<br>**73,051**<br>**-**<br>**725**<br>**73,776**<br>**56,633**<br>61,715<br>-<br>-<br>61,715<br>73,209<br>2,465<br>-<br>-<br>2,465<br>1,713<br>**64,180**<br>**-**<br>**-**<br>**64,180**<br>**74,922**<br>**8,871**<br>**-**<br>**725**<br>**9,596**<br>**(18,289)**<br>(2,769)<br>14,850<br>700<br>12,781<br>31,070<br>**6,102**<br>**14,850**<br>**1,425**<br>**22,377**<br>**12,781**|
|---|---|



Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. 

The notes on pages 7 to 14 form part of these financial statements. 

5 



SYNERGY SPHERE
(Chall￿e Incorpor*￿ Organisationl
BALANCE SHEET
AS AT 31ST AUGUST 2023
Totsl
31-Aug.23
Ttstsl
31•Aug.22
FuTras
Flxod Auots
T8nglble Asset$
Totsl Flx•d Auots
Curr•nt A888ts
08blor8 & Prepaymen
C88h al Bank and In HaTrJ
Tot41 Cum¥ntA*¥ots
1.1(¥J
23.297
24,397
2,082
13.843
15,924
21.872
22,972
1.425
1.425
Cr8dHorn.' Amounts lakng du¢ wlNn om
1020
2.020
3.143
NET CURRENT ASSETS
1.425
22.377
12,781
TOTAL ASSETS10J6 ¢urr•nt
20.952
1,425
22,3n
12.781
Cf•dltorn'. An￿1n10 tsfirs due In IT￿ than
year
10
NET ASSETS
20.952
1A25
22,377
12.781
Fund• ofth• Chrlty
General Funds
Oeslgnated Furnts
Pestrlcted F￿d&
8.102
14,
6.102
14.850
1.425
12.7891
14.850
700
Total Fund•
20,952
1825
22,3n
12,781
Approved bytheTru¥tees¢jn............25......J￿.nA 20 z 4.... .
S￿ne￿ ￿ ItKilr t*Wby Tr￿l88..........................................
Printed N8ff*.' Cri¥ilST Inl C LQ H

## **SYNERGY SPHERE** 

(Charitable Incorporated Organisation) 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **FOR THE YEAR ENDED 31ST AUGUST 2023** 

## **1. ACCOUNTING POLICIES** 

## **Basis of Preparation & Assessment of Going Concern** 

## **Basis of Preparation** 

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015) (Second Edition, effective 1st January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011. 

The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes. 

## **Assessment of Going Concern** 

Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern. 

## **Incoming Resources** 

## _**Recognition of Incoming Resources**_ 

These are included in the Statement of Financial Activities (SOFA) when: 

▪ the charity becomes entitled to the resources; 

▪ the trustees are virtually certain they will receive the resources; and 

▪ the monetary value can be measured with sufficient reliability 

## _**Incoming Resources with Related Expenditure**_ 

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA. 

## _**Grants and Donations**_ 

Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources. 

## _**Tax Reclaims on Donations and Gifts**_ 

Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. 

## _**Contractual Income and Performance Related Grants**_ 

This is only included in the SOFA once the related goods or services have been delivered. 

## _**Gifts in Kind**_ 

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. 

## _**Donated Services and Facilities**_ 

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. 

## _**Volunteer Help**_ 

The value of any voluntary help received is not included in the accounts. 

## _**Investment Income**_ 

This is included in the accounts when receivable. 

## _**Investment Gains and Losses**_ 

This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 

7 



## **SYNERGY SPHERE** 

(Charitable Incorporated Organisation) 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2023** 

## **1. ACCOUNTING POLICIES (continued)** 

## **Expenditure and Liabilities** 

## _**Liability Recognition**_ 

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. 

## _**Governance Costs**_ 

Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters. 

## _**Grants with Performance Conditions**_ 

Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. 

## _**Grants Payable without Performance Conditions**_ 

These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity. 

## _**Investments**_ 

Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value. 

## _**Unrestricted funds**_ 

These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities. 

## _**Restricted funds**_ 

These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes. 

## _**Designated funds**_ 

These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects. 

## _**Fixed Assets**_ 

Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt. 

## _**Depreciation Expense**_ 

Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows: 

Fixtures, Fittings and Equipment 

25% - Straight Line Basis 

## **2. TANGIBLE FIXED ASSETS** 

The CIO held no fixed assets during this or the previous financial year. 

The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st August 2023 : None 31st August 2022 : None 

8 



## **SYNERGY SPHERE** 

(Charitable Incorporated Organisation) 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2023** 

## **3. INCOMING RESOURCES** 

|**Note**<br>**a) Donations, Grants & Legacies**<br>Gift Aid Tax<br>Gifts & Donations<br>**6**<br>**b)  Charitable Activities**<br>Activities & Events<br>Ministry Income<br>**c) Investment Income**<br>Interest<br>**d)  Other Incoming Resources**<br>Sundry Income<br>Travel Contributions|Unrestricted<br>Designated<br>Restricted<br>**TOTAL**<br>**TOTAL**<br>Funds<br>Funds<br>Funds<br>**2022/23**<br>**2021/22**<br>£<br>£<br>£<br>£<br>£<br>600<br>-<br>-<br>600<br>-<br>42,624<br>-<br>725<br>43,349<br>32,940<br>**43,224**<br>**-**<br>**725**<br>**43,949**<br>**32,940**<br>22,032<br>-<br>-<br>22,032<br>15,926<br>2,908<br>-<br>-<br>2,908<br>7,440<br>**24,940**<br>**-**<br>**-**<br>**24,940**<br>**23,366**<br>35<br>-<br>-<br>35<br>2<br>**35**<br>**-**<br>**-**<br>**35**<br>**2**<br>451<br>-<br>-<br>451<br>325<br>4,401<br>-<br>-<br>4,401<br>-<br>**4,852**<br>**-**<br>**-**<br>**4,852**<br>**325**|
|---|---|



9 



## **SYNERGY SPHERE** 

(Charitable Incorporated Organisation) 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2023** 

## **4. RESOURCES EXPENDED** 

|**Note**<br>**a) Cost of Charitable Activities**<br>Activities & Events<br>Bank Charges<br>Equipment Costs<br>Insurance Costs<br>Ministry Support<br>Networking Costs<br>Staff Costs<br>**12**<br>Sundry Expenses<br>Telephone Costs<br>Training Costs<br>Travel & Subsistence<br>**b) Governance Costs**<br>Independent Examiners Fees<br>**9**<br>Legal & Professional Fees|Unrestricted<br>Designated<br>Restricted<br>**TOTAL**<br>**TOTAL**<br>Funds<br>Funds<br>Funds<br>**2022/23**<br>**2021/22**<br>£<br>£<br>£<br>£<br>£<br>21,247<br>-<br>-<br>21,247<br>14,372<br>1,055<br>-<br>-<br>1,055<br>129<br>186<br>-<br>-<br>186<br>69<br>524<br>-<br>-<br>524<br>535<br>-<br>-<br>-<br>-<br>7,900<br>143<br>-<br>-<br>143<br>3,065<br>29,688<br>-<br>-<br>29,688<br>40,105<br>300<br>-<br>-<br>300<br>-<br>144<br>-<br>-<br>144<br>-<br>1,967<br>-<br>-<br>1,967<br>3,165<br>6,463<br>-<br>-<br>6,463<br>3,868<br>**61,715**<br>**-**<br>**-**<br>**61,715**<br>**73,209**<br>1,020<br>-<br>-<br>1,020<br>850<br>1,445<br>-<br>-<br>1,445<br>863<br>**2,465**<br>**-**<br>**-**<br>**2,465**<br>**1,713**|
|---|---|



10 



## **SYNERGY SPHERE** 

(Charitable Incorporated Organisation) 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2023** 

## **5. RESTRICTED FUNDS** 

## **CURRENT FINANCIAL YEAR** 

|Apostolic Contributions<br>Spain Fund|**Balance**<br>**Balance**<br>**01-Sep-22**<br>Income<br>Expenditure<br>Transfers<br>**31-Aug-23**<br>£<br>£<br>£<br>£<br>£<br>700<br>725<br>-<br>-<br>1,425<br>-<br>-<br>-<br>-<br>-<br>**700**<br>**725**<br>**-**<br>**-**<br>**1,425**|
|---|---|



## **PREVIOUS FINANCIAL YEAR** 

|Apostolic Contributions<br>Spain Fund|**Balance**<br>**Balance**<br>**01-Sep-21**<br>Income<br>Expenditure<br>Transfers<br>**31-Aug-22**<br>£<br>£<br>£<br>£<br>£<br>-<br>700<br>-<br>-<br>700<br>2,425<br>-<br>2,438<br>13<br>-<br>**2,425**<br>**-**<br>**2,438**<br>**13**<br>**-**|
|---|---|



**The Spain Fund** was created to fund **a** ) direct support to missionaries in Spain, **b** ) travel by our team to Spanish locations to provide ministry, **c** ) subsidise our events for Spanish leaders 

The Restricted funds are wholly represented by the charity's cash reserves and are to be expended as specified above. 

11 



## **SYNERGY SPHERE** 

(Charitable Incorporated Organisation) 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2023** 

## **6. DESIGNATED FUNDS** 

## **CURRENT FINANCIAL PERIOD** 

|Ministry Support<br>Reach Synergy Fund<br>Reserve Fund|**Balance**<br>**Balance**<br>**01-Sep-22**<br>Income<br>Expenditure<br>Transfers<br>**31-Aug-23**<br>£<br>£<br>£<br>£<br>£<br>-<br>-<br>-<br>-<br>-<br>2,850<br>-<br>-<br>-<br>2,850<br>12,000<br>-<br>-<br>-<br>12,000<br>**14,850**<br>**-**<br>**-**<br>**-**<br>**14,850**|
|---|---|



## **PREVIOUS FINANCIAL PERIOD** 

|Ministry Support<br>Reach Synergy Fund<br>Reserve Fund|**Balance**<br>**Balance**<br>**01-Sep-21**<br>Income<br>Expenditure<br>Transfers<br>**31-Aug-22**<br>£<br>£<br>£<br>£<br>£<br>-<br>6,740<br>7,900<br>1,160<br>960<br>1,890<br>-<br>-<br>2,850<br>24,000<br>-<br>-<br>(12,000)<br>12,000<br>**24,960**<br>**8,630**<br>**7,900**<br>**(10,840)**<br>**14,850**|
|---|---|



The Designated funds are wholly represented by the charity's cash reserves and are to be expended on particular purposes as directed by the Trustees. 

12 



## **SYNERGY SPHERE** 

(Charitable Incorporated Organisation) 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2023** 

## **7. CASH AT BANK AND IN HAND** 

|Cash at Bank & in Hand<br>**8. DEBTORS AND PREPAYMENTS**<br>Sundry Debtors|Unrestricted<br>Restricted<br>**Total**<br>**Total**<br>Fund<br>Fund<br>**31-Aug-23**<br>**31-Aug-22**<br>£<br>£<br>**£**<br>**£**<br>21,872<br>1,425<br>23,297<br>13,843<br>**21,872**<br>**1,425**<br>**23,297**<br>**13,843**<br>Unrestricted<br>Restricted<br>**Total**<br>**Total**<br>Fund<br>Fund<br>**31-Aug-23**<br>**31-Aug-22**<br>£<br>£<br>**£**<br>**£**<br>1,100<br>-<br>1,100<br>2,082<br>**1,100**<br>**-**<br>**1,100**<br>**2,082**|
|---|---|



## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|Independent Examiners Fees<br>Sundry Creditors|Unrestricted<br>Restricted<br>**Total**<br>**Total**<br>Fund<br>Fund<br>**31-Aug-23**<br>**31-Aug-22**<br>£<br>£<br>**£**<br>**£**<br>1,020<br>-<br>1,020<br>850<br>1,000<br>-<br>1,000<br>2,293<br>**2,020**<br>**-**<br>**2,020**<br>**3,143**|
|---|---|



## **10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR** 

The CIO held no long term liabilities during this or the previous financial year. 

## **11. NET ASSETS BETWEEN FUNDS** 

|Fixed Asset Investments<br>Net Current Assets<br>Long Term Liabilities|Unrestricted<br>Restricted<br>**Total**<br>**Total**<br>Funds<br>Funds<br>**31-Aug-23**<br>**31-Aug-22**<br>£<br>£<br>£<br>£<br>-<br>-<br>-<br>-<br>20,952<br>1,425<br>22,377<br>12,781<br>-<br>-<br>-<br>-<br>**20,952**<br>**1,425**<br>**22,377**<br>**12,781**|
|---|---|



13 



## **SYNERGY SPHERE** 

(Charitable Incorporated Organisation) 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2023** 

## **12. STAFF COSTS AND NUMBERS** 

|**TOTAL**<br>**2022/23**<br>£<br>Gross Wages, Salaries & Fees<br>29,688<br>Employer's National Insurance Costs<br>-<br>Pension Contributions<br>-<br>**29,688**<br>Employees who were engaged in each of the following activities:<br>**TOTAL**<br>**2022/23**<br>Charitable Activities<br>2|**TOTAL**<br>**2021/22**<br>£<br>40,105<br>-<br>-<br>**40,105**<br>**TOTAL**<br>**2021/22**<br>2|
|---|---|



The Charity employed staff on a Self-Employed Basis during the financial period and is therefore not liable for their National Insurance and Pension Costs. No employees received emoluments in excess of £60,000 (2021/22:None). 

## **13. TRUSTEES AND OTHER RELATED PARTIES** 

No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them 2021/22:None). 

## **14. RISK ASSESSMENT** 

The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks. 

## **15. RESERVES POLICY** 

The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily. 

## **16. PUBLIC BENEFIT** 

The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake. 

14 



## **SYNERGY SPHERE** 

(Charitable Incorporated Organisation) 

## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS** 

Report to the trustees/ members of Synergy Sphere on the accounts for the year ended 31st August 2023 set out on pages 5 to 14. 

## **Respective responsibilities of trustees and examiner** 

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. 

It is my responsibility to: 

- examine the accounts under section 145 of the Charities Act, 

- follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and 

- state whether particular matters have come to my attention 

## **Basis of independent examiner’s statement** 

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. 

## **Independent examiner's statement** 

In connection with my examination, no matter has come to my attention: 

1.    which gives me reasonable cause to believe that in any material respect, the requirements: 

- to keep accounting records in accordance with section 130 of the Charities Act; and 

- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act 

have not been met; or 

2.   to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

K. Collaku MAAT Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS 


Date: 27th June 2024 

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