| Trustees: | David Rawcliffe | (Chair) | (Chair) | |||
|---|---|---|---|---|---|---|
| Jerome Tucker | (Treasurer) | |||||
| Kay Bugg | ||||||
| Matt Western | (resigned 20'" | October 2022) | ||||
| Jojo Norris | ||||||
| Bernard Davies |
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| Robert Zara | ||||||
| Helen Adkins (resigned 31"January 2023) | ||||||
| Will Roberts | ||||||
| Amanda May (resigned 27'" March 2023) |
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| Krishan Bhardwaj |
(appointed | 6eJune 2022) | ||||
| Ella Billiald (appointed 31"January 2023) | ||||||
| Company | Number: | 3521640 | ||||
| Charity Number: | 1077333 | |||||
| Company | Secretary: | Mary B rig gs |
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| Registered | Office & | SYDNI Centre | ||||
| Charity Address: | Cottage Square | |||||
| Sydenham | ||||||
| Leamington Spa |
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| Warwickshire | ||||||
| CV31 1PT | ||||||
| Bankers: | HSBC Bank pic | |||||
| Virgin Money | ||||||
| The Co-operative | Bank | |||||
| Close Brothers | Savings | |||||
| Independent | Examiner: | Steven Mugglestone BA(Hons) FCA |
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| Michael Harwood | Ik Co | |||||
| Greville House | ||||||
| 10Jury Street | ||||||
| Warwick | ||||||
| CV34 4EW |
| 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | |||
|---|---|---|---|---|---|---|---|---|
| Note | Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
| E | E | E | E | E | ||||
| Income from: | ||||||||
| Donations and grants |
2 | 3,869 | 55,467 | 59,336 | 8,459 | 49,430 | 57,889 | |
| Charitable activities |
3 | 124,912 | 124,912 | 100,911 | 100,911 | |||
| Investments | 1,302 | 1,302 | 827 | 827 | ||||
| Total Income | 130,083 | 55,467 | 185,550 | 110,197 | 49,430 | 159,627 | ||
| Expenditure on: |
||||||||
| Raising funds | ||||||||
| Charitable activities |
4 | 137,418 | 47,515 | 184,933 | 102,212 | 53,541 | 155,753 | |
| Other costs | 5 | 7,407 | 6,337 | 13,744 | 7,376 | 6,226 | 13,602 | |
| Total Expenditure | 144,825 | 53,852 | 198,677 | 109,588 | 59,767 | 169,355 | ||
| Net income / (expenditure) | (14,742) | 1,615 | (13,127) | 609 | (10,337) | (9,728) | ||
| Transfers between |
funds | |||||||
| Net movement in funds |
(14,742) | 1,615 | (13,127) | 609 | (10,337) | (9,728) | ||
| Total funds brought | forward | 149,289 | 1,046,251 | 1,195,540 | 148,680 | 1,056,588 | 1,205,268 | |
| Total funds carried | forward | 13 | 134,547 | 1,047,866 | 1,182,413 | 149,289 | 1,046,251 | 1,195,540 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Note | f | |||||
| Fixed Assets | ||||||
| Tangible assets | 1,025,976 | 1,033,396 | ||||
| Current Assets | ||||||
| Stocks | 1,663 | 1,257 | ||||
| Debtors | 9 | 9,877 | 7,274 | |||
| Cash at bank | and in hand | 163,386 | 183,268 | |||
| 174,926 | 191,799 | |||||
| Creditors | ||||||
| Amounts falling due within one year |
10 | (18,489) | (29,655) | |||
| Net Current | Assets | 156,437 | 162,144 | |||
| Total assets | less current liabilities | 1,183,478 | 1,195,540 | |||
| Net Assets | 1,182,413 | 1,195,540 | ||||
| Funds ofthe | Charity | |||||
| Restricted | 13 | 1,047,866 | 1,046,251 | |||
| Unrestricted | 13 | 134,547 | 149,289 | |||
| Total Charity | Funds | 1,182,413 | 1,195,540 |
| Donations and Grant |
Income | ||||||
|---|---|---|---|---|---|---|---|
| 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | ||
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
| f | f | f | f | f | |||
| Individuals | 3,869 | 618 | 4,487 | 1,239 | 3,430 | 4,669 | |
| Warwick District Council | 27,000 | 27,000 | 41,500 | 41,500 | |||
| Warwick County Council | 8,385 | 8,385 | 2,000 | 2,000 | |||
| Asda Foundation | 500 | 500 | |||||
| The NationalLottery | Community | Fund | 17,500 | 17,500 | |||
| St. Mary's PCC |
2,220 | 2,220 | |||||
| Severn Trent | 5,000 | 5,000 | |||||
| Learnington Town Council |
1,764 | 1,764 | 1,000 | 1,000 | |||
| William Cadbury Trust | 1,000 | 1,000 | |||||
| Leamington in Bloom |
200 | 200 | |||||
| 3,869 | 55,467 | 59,336 | 8,459 | 49,430 | 57,889 |
| 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | |
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
| f | f | f | f | |||
| Catering | 46,524 | 46,524 | 28,895 | 28,895 | ||
| Room hire | 62,302 | 62,302 | 58,511 | 58,511 | ||
| Day Suite lease | 12,500 | 12,500 | 12,500 | 12,500 | ||
| Hire income | 1,190 | 1,190 | 204 | 204 | ||
| Miscellaneous | 2,396 | 2,396 | 801 | 801 | ||
| 124,912 | 124,912 | 100,911 | 100,911 |
| Charitable Ac |
tivities | Expendit | ure | |||||
|---|---|---|---|---|---|---|---|---|
| 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | |||
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |||
| f | f | f | f | f | ||||
| Staff costs (note 6) | 58,476 | 38,345 | 96,821 | 53,164 | 39,473 | 92,637 | ||
| Costs ofgoods sold | 21,599 | 957 | 22,556 | 11,879 | 3,789 | 15,668 | ||
| Activity providers | 340 | 340 | 1,480 | 1,480 | ||||
| Mural makeover | 2,000 | 2,000 | ||||||
| Other event/project | costs | 1,487 | 5,682 | 7,169 | 341 | 341 | ||
| Support costs | (below) | 55,856 | 2,191 | 58,047 | 36,828 | 6,799 | 43,627 | |
| 137,418 | 47,515 | 184,933 | 102,212 | 53,541 | 155,753 | |||
| Support Costs | ||||||||
| Premises | 21,389 | 21,389 | 16,116 | 1,616 | 17,732 | |||
| Repairs &renewals | 8,889 | 1,180 | 10,069 | 6,154 | 646 | 6,800 | ||
| Admin | 25,578 | 1,011 | 26,589 | 14,558 | 4,537 | 19,095 | ||
| 55,856 | 2,191 | 58,047 | 36,828 | 6,799 | 43,627 | |||
| Other Costs | ||||||||
| 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | |||
| Unrestricted f |
Restricted | Total E |
Unrestricted f |
Restricted | Totalf | |||
| Independent | Examiner's fees | 2,100 | 2,100 | 2,100 | 2,100 | |||
| Depreciation | 5,036 | 6,337 | 11,373 | 4,384 | 6,226 | 10,610 | ||
| Bank charges | 271 | 271 | 92 | 92 | ||||
| Bad debts | 800 | 800 | ||||||
| 7,407 | 6,337 | 13,744 | 7,376 | 6,226 | 13,602 |
| Staff Costs | 2023 | 2022 | |
|---|---|---|---|
| f | |||
| Staff costs during the year amounted | to: | ||
| Salaries and wages | 94,315 | 88,782 | |
| Social security costs | 713 | ||
| Pension costs | 2,506 | 3,142 | |
| 96,821 | 92,637 |
| Long | |||||
|---|---|---|---|---|---|
| Leasehold | Fixtures Ik |
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| Buildings | Equipment | Fittings | Total | ||
| E | E | E | E | ||
| Cost | |||||
| At 1April 2022 | 984,325 | 8,015 | 104,745 | 1,097,085 | |
| Additions | 3,953 | 3,953 | |||
| Disposals | |||||
| At 31March | 2023 | 984,325 | 11,968 | 104,745 | 1,101,038 |
| Accumulated | Depreciation | ||||
| At 1April 2022 | 4,447 | 59,242 | 63,689 | ||
| Charge for period | 1,737 | 9,636 | 11,373 | ||
| Disposals | |||||
| At 31March | 2023 | 6,184 | 68,878 | 75,062 | |
| Net Book Values | |||||
| At 31March | 2023 | 984,325 | 5,784 | 35,867 | 1,025,976 |
| At 31March | 2022 | 984,325 | 3,568 | 45,503 | 1,033,396 |
| Debtors | |||||
| 2023 | 2022 | ||||
| E | |||||
| Trade debtors | 9,557 | 6,183 | |||
| Prepayments | 320 | 1,091 | |||
| 9,877 | 7,274 |
| 0. | Creditors: amounts falling |
Creditors: amounts falling |
due within one year | due within one year | due within one year | due within one year | due within one year | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||||||||
| f | f | ||||||||||||||
| Trade creditors | 5,204 | 13,991 | |||||||||||||
| Taxation and social security Other creditors |
3,088 6,348 |
1,873 10,031 |
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| Accruals | 3,849 | 3,760 | |||||||||||||
| 18,489 | 29,655 | ||||||||||||||
| 11. | Funds Held on Behalf | of Others | |||||||||||||
| Included in Other creditors |
at 31"March 2022 was f3,538 held | on behalf of | the Leamington | Covid | |||||||||||
| Mutual Aid Group which |
was | originally to be transferred |
over to them | once they | are | set up |
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| constitutionally and opened |
a bank | account. Following the lifting of the pandemic |
restrictions this |
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| amount was repaid to WDC |
in June | 2022 as the Group was no longer required. | |||||||||||||
| 12. | Related Party Transactions | ||||||||||||||
| The charity has an agreed | policy | that all | trustees | disclose any | interest or offices they | hold | relating to | ||||||||
| applications for funding |
submitted | by | the charity, | and abstain | from voting | on those applications. | |||||||||
| There were no related | party | transactions | during | the year. | |||||||||||
| 13. | Movements on Funds |
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| Balance At | Income In | Expenditure | Transfers | Balance At | |||||||||||
| 01.04.22 | Period | In Period | In Period | 31.03.23 | |||||||||||
| f | f | f | f | f | |||||||||||
| (i) | Unrestricted funds: General Funds |
45,060 | 130,083 | (144,639) | 104,229 | 134,547 | |||||||||
| Designated funds: |
|||||||||||||||
| Operational Contingency |
Fund | 80,000 | (80,000) | ||||||||||||
| Repairs & Renewals | Fund | 4,217 | (4,217) | ||||||||||||
| JR Drew Legacy | 20,012 | (20,012) | |||||||||||||
| 149,289 | 130,083 | (144,825) | 134,547 | ||||||||||||
| (ii) | Restricted funds: Building &.Equipment |
Fund | 984,325 | 984,325 | |||||||||||
| Sydenham Together |
Fund | 27,000 | (22,058) | 4,942 | |||||||||||
| Outdoor Play Area |
26,152 | (4,345) | 21,807 | ||||||||||||
| Kitchen Refit | 6,854 | (979) | 5,875 | ||||||||||||
| Rowland Trust Grant | 2,552 | (875) | 1,677 | ||||||||||||
| 1,019,883 | 27,000 | (28,257) | 1,018,626 |
| Balance At | Income In |
Expenditure | Transfers | Balance At | |||
|---|---|---|---|---|---|---|---|
| 01.04.22 | Period | In Period | In Period | 31.03.23 | |||
| E | f | E | E | E | |||
| Brought forward | 1,019,883 | 27,000 | (28,257) | 1,018,626 | |||
| COVID Response Fund |
5,035 | 618 | (658) | 4,995 | |||
| The SYDNI Community | Cookbook | 918 | (11) | 907 | |||
| WDC Cafe Manager Grant | 8,704 | (8,704) | |||||
| Mota Singh Memorial | Garden | 1,381 | (812) | 569 | |||
| Volunteer Coordinator |
10,000 | (10,000) | |||||
| Leamington in Bloom |
200 | (173) | 27 | ||||
| American Car Show |
2,000 | (2,000) | |||||
| Warm Hub | 300 | (300) | |||||
| Additional Lottery Funding |
7,500 | 7,500 | |||||
| WCC Cafe Grant | 1,851 | (1,075) | 776 | ||||
| ESOL | 2,254 | 2,254 | |||||
| SYDNI Projects: | |||||||
| Festival of Light | 1,614 | (1,614) | |||||
| History Project | 768 | 768 | |||||
| Pizza Oven Build | 1,123 | 1,123 | |||||
| Community Garden |
Project | 52 | (6) | 46 | |||
| Easter Holiday Activities | 448 | 448 | |||||
| Geared Up Project |
1,500 | 1,500 | |||||
| Cycles Skills Track | 642 | 642 | |||||
| Youth Work | 764 | 3,744 | 4,508 | ||||
| International Women's |
Day | 54 | 54 | ||||
| SYDNI Outdoors | 1,353 | (137) | 1,216 | ||||
| May Festival | 1,396 | 1,396 | |||||
| SWEAT | 511 | 511 | |||||
| Kitchen Redesign | 105 | (105) | |||||
| 1,046,251 | 55,467 | (53,852) | 1,047,866 | ||||
| TOTAL FUNDS | 1,195,540 | 185,550 | (198,677) | 1,182,413 |
| Analysis of | Net Assets Betwee | n Funds | |||
|---|---|---|---|---|---|
| Tangible | |||||
| Fixed | Current | ||||
| Assets | Assets | Liabilities | Total | ||
| E | E | E | f | ||
| At 31March | 2023: | ||||
| Restricted funds | 1,014,900 | 32,982 | (16) | 1,047,866 | |
| Unrestricted | funds | 11,076 | 141,944 | (18,473) | 134,547 |
| 1,025,976 | 174,926 | (18,489) | 1,182,413 | ||
| At 31March | 2022: | ||||
| Restricted funds | 1,021,237 | 31,227 | (6,213) | 1,046,251 | |
| Unrestdcted | funds | 12,159 | 160,572 | (23,442) | 149,289 |
| 1,033,396 | 191,799 | (29,655) | 1,195,540 |