Registered Company Number". 3521640 Registered Charity Number= 1077333 SYDFI Sydenham Neighbourhood Initiatives Ltd Annual Report & Unaudited Financial Statements illlllllll ￿ADFcG￿o* 07111r2024 COMPANIES HOUSE A27 CoNtonts Page Company Information Trustees, Annual Report {incl Directors, Report) Independent Examiner's Report 10 Statement of Financial Activities 11 Balance Sheet 12-20 Notes to the Finance Statements SYDENHAM NEIGHBOURHOOD INITIATIVES LIMITED COMPANY INFORMATION FOR THE YEAR ENDED 31 MARCH 2024 Trustees: David Rawcliffe (Chairl Jerome Tucker (Treasurer) Kay Bugg Jojo Norris Iresigned l August 20231 Bernard Davies Robert Zara Will Roberts Krishan Bhardwaj Vareena Jones lappointed 25 July 2023) Company Number: 3521640 Charity Number: 1077333 Company Secretary: Mary Briggs (resigned 11 March 2024} Robert Zara lappointed 28 November 2023) Registered Office & Charity Address: SYDNI Centre Cottage Square Sydenham Leamington Spa Warwickshire CV31 IPT Bankers: HSBC Bank plc Virgin Money The Co-operative Bank Close Brothers Savings Independent Examiner: Mark Harwood FCA BFP FMAAT Michael Harwood & Co Greville House 10 Jury Street Warwick CV34 4EW SYDENHAM NEIGHBOURHOOD INITIATIVES LIMITED TRUSTEES, ANNUAL REPORT (INCL DIREcfoRS' REPORTI FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their report and the financial statements of the charity for the year ended 31, March 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice ISORP) "Accou nting and Reporting by Charities" in preparing the annual report and f inancial statements of the charity. OBJEcfivES SYONI'S objectives in the period under review were to promote the benefit of the inhabitants of Leamington Spa's Sydenham area without distinction of age, sex, sexual orientation, race, disability or of political or religious or other opinions. We aim to dothis by unitin8 local people. the localcommunity, voluntary and otherorganisations in a common effort to advance education and vocational training, improve individual and group wellbeing, promote ernpowerment and to provide facilities in the interests of social welfare for recreation and leisure in order to improve the conditions of life for the local people. We are a community-ba5ed venture, initially inspired and run by volunteers, and now led by a fijll-time Manager and their staff. But we still depend on volunteersl We work in partnership with a mix of voluntary and statutory organisations and private businesses to improve the quality of life on the Sydenham, a relativelv deprived and mu Iti-cultu ral housing estate on the outskirts of Leamington Spa. STRucfuRE, GOVERNANCE & MANAGEMENT th SYDNI was established on 4 March 1998 as a Company Limited by Guarantee. under the name of Sydenham th Community Project Limited. Following an Extraordinary General Meeting on 30 June 1999, the companv changed its name to Sydenham Neighbourhood Initiatives Limited on 21, July 1999. The Company and the Project it promotes 15 known locally as the SYDNI Centre. The Company was re815tered 05 a Charity on 8 th September 1999. SYON l is run in accordance with its Articles of Association and Memorandum of Association. The Articles state that the Board ofTrustees Iwho are also the Directors of the Company) shall be not less than five and not more than eleven. One third of the Trustees retire by rotation at the Annual General Meeting. The Trustees who retire are those that have been longest in off ice since their last election or appointment. A retiring Trustee is eligible for re-election. SYDNI may have up to 11 Trustees and we actively welcome members of the Sydenharn community tojoin the Board. The Board meet5 regularly every 2 months, to look ahead and plan strategically for the future needs of the area, to review SYDNI finances and expenditure, and to ensure the charitv Is meeting its aims and objectives. No Trustee had any financial interest in the company at any time during the period. When new Trustees are required, the opportunity to join the SYDNI board is advertised and expressions of interest invited. Others with particular skills may be invited to join. Such persons who wish to pursue their interest further are then asked to participate in some way in the on.going activities of SYDNI, including where appropriate attending meetings of the Trustees as an obseNer. If this period of familiarisation is mutually succe55ful, the potential trustee 15 formally appointed to the board. SYDENHAM NEIGH80URHOOD INITIATIVES LIMITED TRUSTEES, ANNUAL REPORT (INCL DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The list of Trustees who have served during the year can be found on page l. We meet as trustee5 every two months - this is all of u5 at our last trustee meeting. The day-to-day responsibility for the running of SYDNI in this financial year was delegated to the SYDN I Centre Manager supported by the Wellbeing Off icer Ipltl, Cafe Manager, Café Assistant Ip/tl, Finance and Data Administrator Ip/tl, two Office Administrators If/tl, a Volunteer Coordinator Ip/tl and by many willing volunteers. PUBLIC BENEFIT The Trustees have complied with their duty to have due regard to the guidance on pu blic benefit published by the Charity Commission in exercising their powers and duties. Exam ples of this public benefit can be found in the other parts of this Report. The Charity constitutes a public benefit entity as defined by FRS 102. ACHIEVEMENTS AND PERFORMANCE Our vision is to be a thriving community centre that enables local residents to reach their potential and take pride in where they live. to be at the heart of the community as a voice; listening to and empowering local people. SYDENHAM NEIGHBOURHOOD INITIATIVES LIMITED TRUSTEES, ANNUAL REPORT {INCL DIRECTORS, REPORTI FOR THE YEAR ENDED 31 MARCH 2024 Our mission is to bring out the best in each person and the community through promoting cohesion and a sense of community spirit. Through the SYDNI Centre in particular, we enable local people to access facilities, resources and support in social activity, Sl8np05ting, sport and education. Although the coronavirus pandemic is now fading into history. we are still feeling its effects in terms of changed patterns of usage and the evolving needs of our commu nity, especially as the sharp rises in the cost of livin8 started and continue to bite. We have worked hard to ensure that SYDNI'S core services continue to be available to local people and that we respond effectively to their chan8in8 needs. We thank Mary Briggs for her great service as company secretary and we were delighted when Robert Zara offered to take on the role. Our centre manager Helen Jones, who we appointed last year is now well established in her role and has overseen a number of changes to the structure and personnel of her team. We created a new role of Wellbein8 Officer and were delighted to appoint Helen Wilkinson to the new position. We bade farewell to Ann Jone5, to whom we are very grateful for keepin8 our finance5 in good order for so long. We wish her a very happy retirement. We welcomed Nowshin Chowdhury as her replacement. We welcomed Ahamira Sheik as an administrator and both have already had a very positive impact. SYDNI would not function without the time and effort of many volunteers to all of whom we would like to extend enormous gratitude. All of whom have made an invaluable contribution to the local community and to SYONI and we cannot thank them enough. O.IS ,{zx* -&*sthty&J" kd 4J Some of our staff and volunteers in f ront of the café. SYDENHAM NEIGHBOURHOOD INITIATIVES LIMITED TRUSTEES, ANNUAL REPORT (INCL DIRECTORS, REPORTI FOR THE YEAR ENDED 31 MARCH 2024 A particu lar note of appreciation to.. Our Staff and Volunteer team for working together to offer sUPPOrt and guidance to those in need. Our greengrocer, Chris from A&R for going to the Birmingham Ve8 Market every single week and ensuring that we were able to provide people with the food that they needed. All of the local M utual Aid and local volunteers who have 5UPPOrted us with delivering supplies and food. The room hirers that have continued to run their activities when able to and worked with us to ensure the safety of those attending. All the people who enjoy coming to the cafe for a wholesome meal The centre has continued its recovery from the Covid hit to our room hire and cafe income. We have substantially improved our social media presence and, on a trial basis, joined the Chamber of Commerce to raise ou r profile a nd increase awareness of the services we offer. We have maintained a very full schedule. Monday Fvn 8 DanctFitiitsi 50• 9JO. ￿J0 Éfj SYDNI Gar4Yenln9 Club iom.izoo P8iMlnson's Ph lQ45- IZIS Inltl¥l phy510 ￿eSsment i•quked. ple•5e<¢)nL5FK•r￿rfn In￿orMa￿0ph￿￿¢0rn SYONI T•bl• T•nn IAKI- 4.Th) Q don•tlon SYONI Eld•r6Apn4 Grou zoo. 4no. r4 don•tlon I￿ Sydenham 8e3vers & Cubs 6JO. 8.0) 151 Sydenham Scouts 630. 8X* EWF Karate 4.00-& Thursday UpdAt•d2V8124 Turnlng P￿rtIW•11b¢1tyd Hub )O,00- 1100 S•hll Wellbèin9 Sessions 10.00.ZC(*. FREE Employmertf ￿0p-In i.00-ioo SYDNI Gukl¥d M8dlt•¢lon 7.45- 2)) C ¢Yon•uon SYDNI Yoq• IZ30.130 E2 don•r Football Club s.1￿. SYDNI Youth Club &00. 7Ja l3-￿￿$ ¢)kl FREE Frfday SYDNI IT in 930. 11.00 FREE Tu•sday Toddler ￿rne 5YDNI Muslt for d•mentla ruesday olthe monih SYDNI Food Hvb 12nd 8 4th Tuesdayol monthl Frt• F¢xd Tibl• lthtywwkj SYONI Art lor Wellbelng SVONI Chalr Ex•rc4se Xumon Engftshand M•ths Gannon'• l)oJo BodiGIts ILEAP Di•mJ Workjhops 9JO. 11.tr) Pl•ox txxsk )O.CA). 12.OOE2 sJonaLion SYDNI En9ltsh lor Llf• IIKIO. IZJO FREE SYDNI 8lng0 IOM. IM. a.601tsxkz 6 9ame5 Slnglrtg lor Wellbèlng IX)O. ZCAI FREE Slnging Parklnsons 215- Ils Kumon Engllsh •rt tyW•rvAck u￿¥￿￿ty rnedkal Studen￿ FRÉE. The BRAKESVouih. mul¢1 5Wts fgr ki¢ls &CrfJ. &OO Rock 8ox with e¢th &15. 7.IXI E7 Bounce Back- breast cancersupport pr0up7.￿-9. IOJQ. FREE 9JO. 11.OQ FREE iojo. Iz Gannon's Oo ZCf).3.C Chltdren'5Ck55 100. 4.ly) Th95• clrn •r• for chlldr•n aF#d S .)0 •hd ai• InWr• 1,182,'413' 20