This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

PDF
Markdown

2021-03-31-accounts

Page
3—11	Report ofthe Directors
12	Independent Fxaminer's	Report
13-14	Statement of Financial Activities
15	Balance Sheet
16-24	Notes to the Finance Statements
25	Company Information

		2021	2021	2021	2021
	Note	Unrestricted f	Designated E	Restricted f	Total
Income from:
Donations and grants		18,744		59,132	77,876
Charitable activities		32,726			32,726
Investments		1,451			1,451
Total Income		52,921		59,132	112,053
Expenditure on:
Raising funds
Charitable activities		70,547	11,254	52,565	134,366
Other costs		5,714		73	5,787
Total Expenditure		76,261	11,254	52,638	140,153
Net income / (expenditure)		(23,340)	(11,254)	6,494	(28,100)
Transfers between funds
Net movement in funds		(23,340)	(11,254)	6,494	(28,100)
Total funds brought forward		67,791	115,483	1,011,764	1,195,038
Total funds carried forward	13	44,451	104,229	1,018,258	1,166,938

		2020	2020	2020	2020
	Note	Unrestricted	Designated	Restricted	Total
		E	E	E	E
Income from:
Donations and grants		4,878		59,431	64,309
Charitable activities		120,302			120,302
Investments		1,485			1,485
Total Income		126,665		59,431	186,096
Expenditure on:
Raising funds
Charitable activities		97,931		59,771	157,702
Other costs		5,684			5,684
Total Expenditure		103,615		59,771	163,386
Net income / (expenditure)		23,050		(340)	22,710
Transfers between funds
Net movement in funds		23,050		(340)	22,710
Total funds brought forward		44,741	115,483	1,012,104	1,172,328
Total funds carried forward	13	67,791	115,483	1,011,764	1,195,038

		2021		2020
	Note
Fixed Assets
Tangible assets			999,246		995,512
Current Assets
Stocks		1,048		1,030
Debtors	9	16,671		10,986
Cash at bank and in hand		166,167		205,807
		183,886		217,823
Creditors
Amounts falling due within one year	10	(16,194)		(18,297)
Net Current Assets			167,692		199,526
Total assets less current liabilities			1,166,938		1,195,038
			1,166,938		1,195,038
Funds ofthe Charity
Restricted	13		1,018,258		1,011,764
Unrestricted	13		148,680		183,274
Total Charity Funds			1,166,938		1,195,038

Donations a	nd grant income
			Centre	Sydenham		Other
			Operations	Together	SYDNI	Restricted
			Fund	Fund	Projects	Funds
		(Unrestricted)		(Restricted)	(Restricted)	{Restricted)	Total	Total
			2021 f	2021 f	2021	2021 f	2021f	2020
Individuals			4,120				4,927	4,878
Projects and	Community							27,431
Development	grants
Warwick Distriict Council				27,000		20,500	47,500	32,000
Warwick County Council						7,025	7,025
The Rowland	Trust					3,500	3,500
Asda Foundation						300	300
The National	Lottery Community	Fund	10,000				10,000
St.Mary's PCC							2,900
Coronavirus	Iob Retention Scheme		1,724				1,724
			18,744	27,000		32,132	77,876	64,309

Charitable activities incom	e
	Centre	Sydenham		Other
	Operations	Together	STDNI	Restrkted
	Fund	Fund	Projects	Funds
	(Unrestricted)	(Restricted)	(Restricted)	(Restricted)	Total	Total
	2021 f	2021	2021	2021	2021f	2020f
Catering	8,388				8,388	40,363
Room hire	11,657				11,657	70,210
Day Suite lease	12,500				12,500	6,695
Hire income	72				72	1,980
Miscellaneous	109				109	1,054
	32,726				32,726	120,302

Charitable activities expe	nditure
	Centre	Sydenham		Other
	Operations	Together	SYDNI	Restricted
	Fund	Fund	projects	Funds
	(Unrestricted)	(Restricted)	(Resbicted)	(Restricted)	Total	Total
	2021 f	2021 f	2021 f	2021 f	2021f	2020f
Staff costs (note 6)	38,931	25,610		17,650	82,191	89,486
Costs ofgoods sold	3,873			2,353	6,226	16,856
Kitchen redesign						384
Support costs (below)	38,997	6,192			45,949	50,976
	81,801	31,802	360	20,403	134,366	157,702
Support Costs
Premises	10,259	1,616			11,875	16,175
Repairs &renewals	18,372	646			19,018	13,013
Admin	10,366	3,930			14,696	18,991
Performers' fees						100
Activity providers						2,697
	38,997	6,192		400	45,949	50,976

Other costs
		Centre	Sydenham		Other
		Operations	Together	SYDNI	Restricted
		Fund	Fund	projects	Funds
		(Unrestricted)	(Restricted)	(Restricted)	(Restricted)	Total	Total
		2021	2021f	2021 f	2021 f	2021f	2020f
Independent	Examiner'sfees	1,965				1,965	2,000
Depreciation		3,719			73	3,792	3,684
Bank charges		30				30
		5,714			73	5,787	5,684


Employees	2021	2020
Staffcosts during the year amounted to:
Salaries and wages	79,188	84,957
Social security costs	203	1,458
Pension costs	2,800	2,947
Recruitment costs		124
	82,191	89,486

		tong
		leasehold		Fixtures &	Solar
		Buildingsf	Equipmentf	Fittingsf	Panels f	Totalf
Cost
At1April 2020		984,325	41,962	29,142	18,576	1,074,005
Additions			630	6,896		7,526
Disposals			(549)	(6,490)		(7,039)
At 31March	2021	984,325	42,043	29,548	18,576	1,074,492
Accumulated	Depreciation
At 1Apdl 2020			40,261	27,095	11,136	78,492
Charge for period			930	1,002	1,860	3,792
Disposals			(548)	(6,490)		(7,039)
At31March	2021		40,643	21,607	12,996	75,245
Net BookValues
At31March	2021	984,325	1,400	7,941	5,580	999,246
At 31March	2020	984,325	1,701	2,046		995,512

Debtors
	2021	2020f
Trade debtors	14,040	8,863
Prepayments	1,276	2,123
Taxation and social secudity	1,355
	16,671	10,986

Creditors: amounts falling due within one year
	2021	2020
	E
Trade creditors	3,229	2,989
Taxation and social security		5,831
Other creditors	9,418	6,504
Accruals	3,547	2,973
	16,194	18,297

13.	Movements on funds
				Balance At	Income In	Expenditure	Transfers	Balance At
				01.04.20	Period	In Period	In Period	31.03.21
				E	E	E	E	E
(i)	Unrestricted funds:
	General Funds			67,791	52,921	(76,261)		44,451
	Designated funds:
	Operational Contingency		Fund	80,000				80,000
	Repairs &Renewals	Fund		15,471		(11,254)		4,217
	JR Drew Legacy			20,012				20,012
				183,274	52,921	(87,515)		148,680
(ii)	Restricted funds:
	Building &Equipment	Fund		984,325				984,325
	Sydenham Together Fund			14,379	27,000	(31,802)		9,577
	COVID Response Fund				7,832	(2,353)		5,479
	CEVSupport Fund				17,500	(17,500)
	Community Cafe Card	Operation			3,000	(250)		2,750
	Asda Foundation Grant					(300)
	Rowland Trust Grant				3,500	(73)		3,427
	SYDNI Projects:
	Festival of Light			1,614				1,614
	History Project			768				768
	Pizza Oven Build			1,123				1,123
	Community Garden	Project		52				52
	Easter Holiday Activities			1,728				1,728
	Geared Up Project			1,500				1,500
	Cycles Skills Track			642				642
	Youth Work			1,119		(360)		759
	International Women's		Day	324				324
	SYDNI Outdoors			1,380				1,380
	May Festival			1,118				1,118
	Smart Start			1,076				1,076
	SWEAT			511				511
	Kitchen Redesign			105				105
				1,011,764	59,132	(52,638)		1,018,258
	TOTAL FUNDS			1,195,038	112,053	(140,153)		1,166,938

Analysis ofn	et assets between	funds
		Tangible
		Fixed	Current
		Assets	Assets	Liabilities	Total
		f	f	f	f
At 31March	2021:
Restricted funds		987,752	32,506	(2,000)	1,018,258
Unrestricted	funds	11,494	151,380	(14,194)	148,680
		999,246	183,886	(16,194)	1,166,938
At 31March	2020:
Restdicted funds		984,325	27,439		1,011,764
Unrestricted	funds	11,187	190,384	(18,297)	183,274
		995,512	217,822	(18,297)	1,195,038

Trustees:		David Rawcliffe (Chair)	David Rawcliffe (Chair)	David Rawcliffe (Chair)
		Jerome Tucker (Treasurer)
		Kay Bugg
		Matt Western
		Adrienne Kean (resigned			8~	April 2021)
		Angie Corbett (resigned			28'	July 2020)
		Jojo Norris
		Rajinder Singh (resigned			28' September 2020)
		Bernard Davies
		Robert Zara
		Helen Adkins
		Will Roberts (appointed			26	May 2021)
Company Number:		3521640
Charity Number:		1077333
Company Secretary:		Mary Briggs
Registered	Office &	SYDNI Centre
Charity Address:		Cottage Square
		Sydenham
		Leamington Spa
		Warwickshire
		CV311PT
Bankers:		HSBC Bank pic
		Virgin Money
		The Co-operative	Bank
		Close Brothers Savings
Independent	Examiner:	Steven Mugglestone		BA(Hons) FCA
		Michael Harwood	Ik	Co
		Greville House
		10Jury Street
		Warwick
		CV344EW