ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025
SYNERGY SPHERE
(Charitable Incorporated Organisation)
CHARITY REGISTRATION No: 1191114
Castle View Accounting Ltd Ground Floor Offices
53 High Street Arundel West Sussex BN18 9AJ
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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 |
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SYNERGY SPHERE
(Charitable Incorporated Organisation)
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER 1191114 DATE OF REGISTRATION 2nd September 2020 START OF FINANCIAL YEAR 1st September 2024 END OF FINANCIAL YEAR 31st August 2025 TRUSTEES AT 31ST AUGUST 2025 David Cave Madelaine Norridge Charles Hume Andrew Mulcock Philip Cooper Simon Lasky (Appointed 15th October 2024) Christine Loh (Resigned 4th June 2025) 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 Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ
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SYNERGY SPHERE
(Charitable Incorporated Organisation)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2025
| Notes INCOMING RESOURCES Incoming Resources from Generated Funds Donations, Grants & Legacies 3a Charitable Activities 3b Investment Income 3c Other Incoming Resources 3d TOTAL INCOMING RESOURCES RESOURCES EXPENDED Costs of Generating Funds Cost of Charitable Activities 4a Governance Costs 4b TOTAL RESOURCES EXPENDED NET INCOMING (OUTGOING) RESOURCES Funds Brought Forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2024/25 2023/24 £ £ £ £ £ 89,904 - 400 90,304 96,336 41,991 - - 41,991 39,032 69 - - 69 65 1,949 - - 1,949 10,720 133,914 - 400 134,314 146,153 148,433 - - 148,433 121,480 2,833 - - 2,833 2,564 151,266 - - 151,266 124,044 (17,352) - 400 (16,952) 22,109 28,211 14,850 1,425 44,486 22,377 10,859 14,850 1,825 27,534 44,486 |
|---|---|
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.
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SYNERGY SPHERE AS AT 31ST AUGUST 2025 TOTAL TOTAL 31.Aw25 J1vAwQ4 Funth Fur Flx•d Totsl Flx•d Au•ts $27 23.037 29.514 11,037 36.957 47.DD5 CAth at BAnkAnd in H 21.212 27.731 1,825 1030 3,509 IIETCURREIIT Asxrd 27534 70 17.534 470• a7.SJ4 Gworal Fundi D••ml Fu R•rtr•é Fund• 10, 28.211 14.850 1,425 T4)tsl Fw 709 27,SJ4 Pdnted N*Tff. IMIWJ LOSKI
SYNERGY SPHERE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2025
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.
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SYNERGY SPHERE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2025
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 2025 : None 31st August 2024 : None
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SYNERGY SPHERE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2025
3. INCOMING RESOURCES
| Note a) Donations, Grants & Legacies Gift Aid Tax Gifts & Donations b) Charitable Activities Activities & Events Ministry Income c) Investment Income Interest d) Other Incoming Resources Sundry Income Travel Contributions |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2024/25 2023/24 £ £ £ £ £ 1,121 - - 1,121 2,401 88,783 - 400 89,183 93,936 89,904 - 400 90,304 96,336 32,268 - - 32,268 22,432 9,723 - - 9,723 16,600 41,991 - - 41,991 39,032 69 - - 69 65 69 - - 69 65 301 - - 301 527 1,648 - - 1,648 10,193 1,949 - - 1,949 10,720 |
|---|---|
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SYNERGY SPHERE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2025
4. RESOURCES EXPENDED
| Note a) Cost of Charitable Activities Activities & Events Bank Charges Equipment Costs Insurance Costs Licenses & Subscriptions Ministry Support Networking Costs Office Costs Staff Costs 12 Sundry Expenses Training Costs Travel & Subsistence b) Governance Costs Independent Examiners Fees 9 Legal & Professional Fees |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2024/25 2023/24 £ £ £ £ £ 33,552 - - 33,552 19,552 1,302 - - 1,302 1,686 110 - - 110 124 684 - - 684 621 150 - - 150 301 1,582 - - 1,582 1,000 - - - - 1,266 585 - - 585 30 99,345 - - 99,345 78,274 1 - - 1 526 2,531 - - 2,531 2,820 8,591 - - 8,591 15,278 148,433 - - 148,433 121,480 1,260 - - 1,260 1,170 1,573 - - 1,573 1,394 2,833 - - 2,833 2,564 |
|---|---|
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SYNERGY SPHERE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2025
5. RESTRICTED FUNDS
CURRENT FINANCIAL YEAR
| Apostolic Contributions PREVIOUS FINANCIAL YEAR Apostolic Contributions |
Balance Balance 01-Sep-24 Income Expenditure Transfers 31-Aug-25 £ £ £ £ £ 1,425 400 - - 1,825 1,425 400 - - 1,825 Balance Balance 01-Sep-23 Income Expenditure Transfers 31-Aug-24 £ £ £ £ £ 700 725 - - 1,425 700 725 - - 1,425 |
|---|---|
The Restricted funds are wholly represented by the charity's cash reserves and are to be expended as specified above.
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SYNERGY SPHERE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2025
6. DESIGNATED FUNDS
CURRENT FINANCIAL YEAR
| Reach Synergy Fund Reserve Fund |
Balance Balance 01-Sep-24 Income Expenditure Transfers 31-Aug-25 £ £ £ £ £ 2,850 - - - 2,850 12,000 - - - 12,000 14,850 - - - 14,850 |
|---|---|
PREVIOUS FINANCIAL YEAR
| Reach Synergy Fund Reserve Fund |
Balance Balance 01-Sep-23 Income Expenditure Transfers 31-Aug-24 £ £ £ £ £ 2,850 - - - 2,850 12,000 - - - 12,000 14,850 - - - 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.
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SYNERGY SPHERE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2025
7. CASH AT BANK AND IN HAND
| Cash at Bank & in Hand 8. DEBTORS AND PREPAYMENTS Sundry Debtors |
Unrestricted Restricted TOTAL TOTAL Fund Fund 31-Aug-25 31-Aug-24 £ £ £ £ 21,212 1,825 23,037 36,957 21,212 1,825 23,037 36,957 Unrestricted Restricted TOTAL TOTAL Fund Fund 31-Aug-25 31-Aug-24 £ £ £ £ 6,527 - 6,527 11,037 6,527 - 6,527 11,037 |
|---|---|
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Independent Examiners Fees Sundry Creditors |
Unrestricted Restricted TOTAL TOTAL Fund Fund 31-Aug-25 31-Aug-24 £ £ £ £ 1,260 - 1,260 1,170 770 - 770 2,339 2,030 - 2,030 3,509 |
|---|---|
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 Net Current Assets Long Term Liabilities |
Unrestricted Restricted TOTAL TOTAL Funds Funds 31-Aug-25 31-Aug-24 £ £ £ £ - - - - 25,709 1,825 27,534 44,486 - - - - 25,709 1,825 27,534 44,486 |
|---|---|
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SYNERGY SPHERE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2025
12. STAFF COSTS AND NUMBERS
| Gross Wages, Salaries & Fees Employer's National Insurance Costs Pension Contributions Employees who were engaged in each of the following activities: Charitable Activities |
TOTAL 2024/25 £ 92,228 4,250 2,867 99,345 TOTAL 2024/25 2 |
TOTAL 2023/24 £ 78,274 3,668 2,550 84,492 TOTAL 2023/24 2 |
|---|---|---|
The Charity operates a PAYE scheme to all employed members of staff and no employees received emoluments in excess of £60,000 (2023/24: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 2023/24: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.
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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 2025 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:
-
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
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- 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 Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ
Date: 29th June 2026
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