Registered Company Number: 3521640
Registered Charity Number: 1077333
SYDNI
Sydenham
Neighbourhood
Initiatives Ltd
April 2024 - March 2025
Annual Report &
Unaudited Financial
Statements
WEDNESDAY
A05
*AECR5HLK*
08/10/2025
COMPANIES HOUSE
#136

Contents
Page
1
2-7
8
10
Company Information
Trustees' Annual Report (incl Directors' Report)
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
11 - 19
Notes to the Finance Statements

SYDENHAM NEIGHBOURHOOD INITIATIVES LIMITED
COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025
Trustees:
Company Number:
Charity Number:
Company Secretary:
Registered Office &
Charity Address:
Bankers:
David Rawcliffe (Chair)
Jerome Tucker (Treasurer)
Kay Bugg
Bernard Davies
Robert Zara
Will Roberts
Krishan Bhardwaj
Ella Billiald
Vereena Jones
3521640
1077333
Robert Zara
SYDNI Centre
Cottage Square
Sydenham
Leamington Spa
Warwickshire
CV31 1PT
•Independent Examiner:
HSBC Bank pic
Virgin Money
The Co-operative Bank
Close Brothers Savings
Mark Harwood FCA BEP FMAAT
Michael Harwood & Co
Greville House
10 Jury Street
Warwick
CV34 4EW

SYDENHAM NEIGHBOURHOOD INITIATIVES LIMITED
TRUSTEES' ANNUAL REPORT (INCL DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their report and the financial statements of the charity for the year ended 31 March
2025. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP)
"Accounting and Reporting by Charities" in preparing the annual report and financial statements of the charity
OBJECTIVES
SYDN'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 do this by uniting local people, the local community, voluntary and other organisations in a common
effort to advance education and vocational training, improve individual and group wellbeing, promote
empowerment 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-based venture, initially inspired and run by volunteers, and now led by a full-time
Manager and their staff. But we still depend on volunteers! 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 relatively
deprived and multi-cultural housing estate on the outskirts of Leamington Spa.
STRUCTURE, GOVERNANCE & MANAGEMENT
SYDNI was established on 4'* March 1998 as a Company Limited by Guarantee, under the name of Sydenham
Community Project Limited. Following an Extraordinary General Meeting on 30"h June 1999, the company
changed its name to Sydenham Neighbourhood Initiatives Limited on 215 July 1999. The Company and the
Project it promotes is known locally as the SYDNI Centre. The Company was registered as a Charity on 8th
September 1999.
SYDNI is run in accordance with its Articles of Association and Memorandum of Association. The Articles state
that the Board of Trustees (who 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 office 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 Sydenham community to join the
Board. The Board meets 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 charity 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 observer. If this period of familiarisation is mutually
successful, the potential trustee is formally appointed to the board.
2

SYDENHAM NEIGHBOURHOOD INITIATIVES LIMITED
TRUSTEES' ANNUAL REPORT (INCL DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The list of Trustees who have served during the year can be found on page 1. We meet as trustees every two
months - this is all of us at one of our trustee meetings
The day-to-day responsibility for the running of SYDNI in this financial year was delegated to the SYDNI Centre
Manager supported by the Wellbeing Officer (p/t), Café Manager, Café Assistant (p/t), Finance and Data
Administrator (p/t), Office Administrator (p/t), a Volunteer Coordinator (p/t) and by many willing volunteers.
PUBLIC BENEFIT
The Trustees have complied with their duty to have due regard to the guidance on public benefit published by
the Charity Commission in exercising their powers and duties. Examples 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.
3

SYDENHAM NEIGHBOURHOOD INITIATIVES LIMITED
TRUSTEES' ANNUAL REPORT (INCL DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
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, signposting, sport and education.
Our centre manager Helen Jones and her team have continued to work hard to ensure that SYDNI's core
services continue to be available to local people and that we respond effectively to their changing needs. The
team, which welcomed a number of new faces last year, has been stable and effective as a unit.
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 these have made an invaluable contribution to the local community and to
SYDNI and we cannot thank them enough.
3620
Some of our staff and volunteers in front of the new Sydenham Community Wall which was funded by
Morrisons Community Foundation.
4

SYDENHAM NEIGHBOURHOOD INITIATIVES LIMITED
TRUSTEES' ANNUAL REPORT (INCL DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
A particular 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 Veg Market every single week and
ensuring that we were able to provide people with the food that they needed
• All of the local Mutual Aid and local volunteers who have supported 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 café for a wholesome meal
It is however very clear that we will not be returning to pre-pandemic usage and funding patterns, particularly
room hire. This continues to present a challenge as we plan (and budget for) the way we operate in the future.
We have maintained a very full schedule.
Monday
Citizens Advice
Fark.munsfinvso
930 - 10.30
10.00 - 1.00
10.45 - 12.15
Thureday
Turning Poini Wollbwing Hub
Sati Weldoing Scisions
Updated 20/8/25
1000.12.00
10.00.200
info@hrmadaphysio.com
SYDNI Youth Club
Friday
6.00 730. 13.19 yrs old FREE
Ist Sydenhamn Beavers & Cub.
Ist Sydenham Scouts
EVif Marate
6.30-8.00
630 - 8.30
400 - 500
Tuesday
Family Time
930-11.00 PiROsO LUCA
Kuman English and Maths
Cannon's Dojo
ILEAP Drama Warkshops
iü0:6.00
630 601
630-7.4:
Wadnosday
Turning Poin: Drop in
10.00 - 12 noon
Memory Lone Cate
100-3.00 for older or isolated
residents. Rur by Warwich Univatity medical students
The BRAKES Youth- Multi sports
5.00 - 6.00
Yoga with Emma
530 630 E7 por session
Sosalang in rod aro cil run by SYD: Cortiro and cro cithor
Singing for Partinsan's
Kuman English end Maths
EWF Karote
2.15.3.15
4.00 - 6.00
5.00-7.00
Saturday
Kumon English ond Maths
Repur Caid
Ist Saturday of tha Month
the Funny Drawing Lat
5.09 - 11.00
17.00.200
se3g 12.00
Ist Saturday of ovary monti
Sunday
Gannon's Doj
200-3.00
Childron's Clas
3.00 - 4.00
THis fastr
are far childion agod 5.10 and dro inspired by th
principles of the Bahai Fait
Sessions in green are alt run by organizations axternal to tho
SYDNI Contre.
Check wabsite los furthor info, contacte and
5

SYDENHAM NEIGHBOURHOOD INITIATIVES LIMITED
TRUSTEES' ANNUAL REPORT (INCL DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
FINANCIAL REVIEW
2024/2025 has been a tough year for SYDNI. We have ended the year with a deficit of £56.4k which will have
to be mostly met from our reserves. The deficit has resulted from increased payroll costs and fewer grants
received. The consequent reduction in our reserves means that unrestricted reserves are now less than the
£100k which is specified in the reserves policy.
Now for some better news: room hire income has increased by 30% and cafe income has increased by 15%
compared to the previous year. This shows that the initiatives and hard work by the SYDNI staff have paid off.
However, whilst we are doing better with room hire and cafe income it is still not sufficient, and it looks like
for this financial year (2025/2026) we will be reporting another substantial deficit. Difficult decisions regarding
staff costs and services provided may have to be taken to make savings and thus ensure the continued viability
of The SYDNI Centre.
In early 2024 we received a grant from Groundwork to install LED lighting and improve the efficiency of our
gas central heating boilers. This has resulted in our energy bill being 6% less than the previous year.
Other grants received during the year were The Lottery, The Sydenham Together fund and the UK Prosperity
fund.
RESERVES POLICY
The Trustees keep under review the requirement for free reserves which are those unrestricted funds not
invested in fixed assets.
The Trustees consider that, given the nature of our Charity's activities, a prudent level of free and unrestricted
reserves is represented by a sum equivalent to the next 12 months budgeted operating costs. In reaching this
view, the Trustees are mindful of their responsibilities towards the Charity's employees, and the period that is
normally required to prepare, submit and obtain consideration of bids to funding agencies.
The Trustees have concluded that the minimum sum required to be held as Unrestricted Reserves to
implement this policy is in the region of £100,000 but recent experience has shown that unforeseen and
unbudgeted occurrences, external or otherwise, can easily impose substantial financial demands over and
above the normal level of annual operating costs.
The Trustees review the major risks faced by the Charity on a regular basis and believe that, taking into account
the difficult economic conditions prevailing, the level of unrestricted reserves stated above should be
maintained and steadily increased, if possible, in order to have sufficient resources to cope with likely
continuing adverse conditions.
RISK MANAGEMENT
The predominant risks faced by the Charity are:
The unreliability of grants available for community groups (and most particularly, to fund core costs
including staff needed to run activities and support the Centre Manager).
• A decline in usage of the Centre (room hire).
Local authority cuts causing reduced income from room hire and catering.
• Staff capacity: with few staff employed, the loss of any member through any reason is a severe cause
of disruption to normal operations.
• A shortage of volunteers.
6

SYDENHAM NEIGHBOURHOOD INITIATIVES LIMITED
TRUSTEES' ANNUAL REPORT (INCL DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
Steps have been taken to mitigate against these and other risks which are kept under regular review by the
Trustees.
INVESTMENT POLICY
The investment policy of the Trustees is to protect all sums held by prudent investment. Consequently,
investment funds are held on deposit with the Charity's bankers whose rates are kept under review.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
Company Law and Charity Law require the trustees to prepare financial statements for each financial year,
which give true and fair view of the state of affairs of Sydenham Neighbourhood Initiatives Limited and of the
surplus or deficit for that period. In preparing those financial statements, the trustees are required to:
• select suitable accounting policies and then apply them consistently
• observe the methods and principles in the Charities SORP
make judgements and estimates that are reasonable and prudent
• state whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements, and
Prepare the financial statements on the going concern basis unless it is inappropriate that the charity
will continue in operation.
The trustees are also responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of Sydenham Neighbourhood Initiatives Limited and to enable them
to ensure that the financial statements comply with the Companies Act 2006.
The trustees are responsible for ensuring that the company maintains an adequate system of internal control
designed to provide reasonable assurance that assets are safeguarded against material loss or unauthorised
use to prevent and detect fraud and other irregularities.
This report has been prepared in accordance with the Statement of Recommended Practice - Accounting and
Reporting by Charities and in accordance with the special provisions of the Companies Act 2006 relating to
small companies.
ву On.
David Rawcliffe
Der
Trustee
Dated: 30 SEPTEMBER 2025
7

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SYDENHAM
NEIGHBOURHOOD INITIATIVES LIMITED (Limited by guarantee)
FOR THE YEAR ENDED 31 MARCH 2025
I report on the accounts of the company for the year ended 31 March 2025 which are set out on pages 9 to
Responsibilities and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
2006.('the 2006 Act).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of your
company's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act). In carrying out
my examination I have foilowed the Directions given by the Charity Commission under section 145(5)(b) of the
2011 Act.
Independent examiner's statement
Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member
of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with
the examination giving me cause to believe that in any material respect:
1.
accounting records were not kept in respect of the company as required by section 386 of the 2006 Act;
2.
3.
4.
or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of
an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Marklavood
Mark Harwood FCA BFP FMAAT
Michael Harwood & Co Chartered Accountants
Greville House
10 Jury Street
Warwick
CV34 4EW
Dated: 30/04/2025
8

SYDENHAM NEIGHBOURHOOD INITIATIVES LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2025
Note Unrestricted Restricted
Total
Unrestricted Restricted
Total
Income from:
Donations and grants
Charitable activities
Investments
Total Income
Expenditure on:
Raising funds
Charitable activities
Other costs
Total Expenditure
Net income / (expenditure)
Transfers between funds
Net movement in funds
Total funds brought forward
Total funds carried forward
2
3
4
5
12
4,148
162,641
4,035
170,824
-
203,503
6,041
209,544
(38,720)
876
(37,844)
131,174
93,330
116,730
210
-
116,940
125,989
8,680
134,669
(17,729)
(876)
120,878
162,851
4,035
287,764
-
329,492
14,721
344,213
(56,449)
-
(18,605)
(56,449)
1,064,460
1,195,634
1,045,855
1,139,185
33,788
134,802
3,252
171,842
-
169,512
7,665
177,177
(5,335)
1,962
110,385
-
-
110,385
-
84,969
6,860
91,829
18,556
(1,962)
144,173
134,802
3,252
282,227
-
254,481
14,525
269,006
13,221
-
(3,373)
16,594
13,221
134,547 1,047,866
1,182,413
131,174
1,064,460
1,195,634
9

SYDENHAM NEIGHBOURHOOD INITIATIVES LIMITED (company no. 3521640)
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Note
€
€
€
Fixed Assets
Tangible assets
8
1,014,105
1,022,249
Current Assets
Stocks
Debtors
Cash at bank and in hand
9
1,407
22,261
122,379
146,047
1,677
33,368
150,489
185,534
Creditors
Amounts falling due within one year
10
(20,967)
-----
(12,149)
Net Current Assets
Total assets less current liabilities
125,080
1,139,185
173,385
1,195,634
Net Assets
1,139,185
========
1,195,634
========
Funds of the Charity
Restricted
Unrestricted
Total Charity Funds
12
12
1,045,855
93,330
1,139,185
========
1,064,460
131,174
1,195,634
========
Directors' statements:
• The company was entitled to exemption from audit under section 477 of the Companies Act 2006
relating to small companies.
• No members have required the company to obtain an audit of its accounts for the year in question in
accordance with section 476 of the Companies Act 2006.
• The directors acknowledge their responsibility for complying with the requirements of the Act with
respect to accounting records and for the preparation of accounts.
The financial statements have been prepared in accordance with the provisions applicable to companies
subject to the small companies' regime.
The
ncial statements were approved by the Board of Trustees on. OO JEPTEMBER 2020
... Company Secretary
Robert Zara
10

SYDENHAM NEIGHBOURHOOD INITIATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1. Accounting Policies
a) Basis of Preparation
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been
prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the
United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK
Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost convention, modified
to include certain items at fair value. The financial statements are presented in sterling, which is the functional
currency of the charity, and rounded to the nearest f1.
The significant accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all years presented unless otherwise stated.
b) Company Status
The charity is a company limited by guarantee in England & Wales. The members of the company are the
trustees. In the event of the charity being wound up, the liability in respect of the guarantee is limited to €1
per member of the charity.
c) Income
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the
amount can be quantified with reasonable accuracy. No amounts are included in the financial statements for
services donated by volunteers.
d) Government Grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable
assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are
met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are
received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
e) Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all
costs related to the category. Support costs are allocated to particular charitable activities on a basis consistent
with the use of the resources.
f) Tangible Fixed Assets and Depreciation
Because of the specialised nature and use of the property, the low probability of it being sold, and the charity's
policy to maintain it in good condition, no depreciation is provided and the property is valued at cost, which
they consider to be a fair value.
11

SYDENHAM NEIGHBOURHOOD INITIATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
f) Tangible Fixed Assets and Depreciation (continued)
Other tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to
write off the cost or valuation less estimated residual value of each asset over its expected useful life, as
Equipment
Fixtures and Fittings
25% Straight Line Basis
10% or 25% Straight Line Basis
g) Stock
Stock consists of purchased goods for resale.
Stock is valued at the lower of cost and net realisable value.
h) Debtors and Creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in expenditure.
i) Pensions
The company operates a defined contribution pension scheme. The assets of the Scheme are held separately
from the company in an independently administered Fund. The pension cost charge represents contributions
payable by the company to the fund.
]) Taxation
The charity is exempt from income tax and capital gains tax within the exemption granted by sections 521 -
536 of the Income Taxes Act 2007. The charity has borne VAT on its expenditure where appropriate.
k) Fund Accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance
of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes.
The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or
which have been raised by the charity for particular purposes. The cost of raising and administering such
funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to
the financial statements.
12

SYDENHAM NEIGHBOURHOOD INITIATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Donations and Grant Income
Individuals
Warwick District Council
Warwick County Council
The National Lottery Community Fund
The Police & Crime Commissioner
UK Shared Prosperity Fund
Garfield Weston
29* May 1961 Charitable Assoc
Morrisons
Bericote Properties Ltd
Groundwork
Other organisations individually < £1k
Grant refunded
3. Charitable Activities Income
Catering
Room hire
Day Suite lease
Hire income
Miscellaneous
2025
2025
Unrestricted Restricted
€
3,711
:
-
720
44,058
4,280
12,500
2,000
30,000
-
9,950
1,800
13,673
2,610
(4,861)
4,148
=======
116,730
=======
2025
2025
Unrestricted Restricted
67,028
74,087
14,001
-
594
-
6,931
210
162,641
210
=======
=======
13
2025
Total
€
4,431
44,058
4,280
12,500
2,000
30,000
-
9,950
1,800
13,673
3,047
(4,861)
120,878
=======
2025
Total
67,028
74,087
14,001
594
7,141
162,851
=======
2024
2024
Unrestricted Restricted
€
3,788
:
-
15,000
15,000
776
30,000
2,294
20,000
11,665
43,000
...
2,650
33,788
=======
110,385
=======
2024
2024
Unrestricted Restricted
57,964
56,662
12,754
759
6,663
134,802
=======
=======
2024
Total
€
4,564
30,000
2,294
20,000
11,665
43,000
15,000
15,000
:
2,650
144,173
=======
2024
Total
57,964
56,662
12,754
759
6,663
134,802
=======

SYDENHAM NEIGHBOURHOOD INITIATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
4. Charitable Activities Expenditure
2025
2025
Unrestricted
Restricted
€
Staff costs (note 6)
Costs of goods sold
Event/project costs
Support costs (below)
97,155
29,516
1,550
75,282
203,503
=======
70,317
1,812
32,706
21,154
125,989
=======
Support Costs
Premises
Repairs & renewals
Admin
25,160
16,762
33,360
75,282
=======
18,458
2,696
21,154
======
5. Other Costs
2025
2025
Unrestricted
Restricted
Independent Examiner's fees
Depreciation
Bank charges
Bad debts
2,900
2,782
307
52
6,041
=======
8,680
----
8,680
=======
6. Staff Costs
Staff costs during the year amounted to:
Salaries and wages
Social security costs
Pension costs
Other staff benefits
2025
Total
167,472
31,328
34,256
96,436
329,492
=======
25,160
35,220
36,056
96,436
=======
2025
Total
€
2,900
11,462
307
52
14,721
=======
No employee received emoluments over £60,000.
The average number of employees during the year was 9 (2024 - 8).
14
2024
2024
Unrestricted Restricted
75,149
24,991
1,669
67,703
60,704
22,610
1,655
169,512
=======
84,969
=======
25,070
14,033
28,600
67,703
=======
:
1,655
1,655
=======
2024
2024
Unrestricted Restricted
2,200
4,873
305
287
6,860
7,665
=======
6,860
=======
2025
€
157,359
6,540
3,338
235
167,472
=======
2024
Total
135,853
24,991
24,279
69,358
254,481
=======
25,070
14,033
30,255
69,358
=======
2024
Total
€
2,200
11,733
305
287
14,525
=======
2024
€
129,003
3,389
3,461
135,853
=======

SYDENHAM NEIGHBOURHOOD INITIATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
7.
Directors
No Directors / Trustees received any remuneration or expenses during the year.
8.
Tangible Fixed Assets
Long
Leasehold
Buildings
Equipment
984,325
11,968
Cost
At 1 April 2024
Additions
Disposals
At 31 March 2025
Accumulated Depreciation
At 1 April 2024
Charge for period
Disposals
At 31 March 2025
Net Book Values
At 31 March 2025
At 31 March 2024
984,325
11,968
Fixtures &
fittings
112,751
3,319
116,070
8,106
1,804
9,910
78,690
9,658
88,348
-.
984,325
========
984,325
========
2,058
========
3,862
========
27,722
========
34,062
=======
9.
Debtors
Trade debtors
Prepayments
Other debtors
2025
f
11,732
5,196
5,333
-----
22,261
=======
15
Total
€
1,109,044
3,319
1,112,363
86,796
11,462
98,258
1,014,105
========
1,022,249
=======
2024
€
30,817
1,563
988
------
33,368
=======

SYDENHAM NEIGHBOURHOOD INITIATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
10. Creditors: amounts falling due within one year
Trade creditors
Taxation and social security
Other creditors
Accruals
2025
7,618
4,344
2,570
6,435
20,967
=======
2024
5,034
1,128
1,262
4,725
12,149
=======
11. 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. In
May 2023 Trustees Will Roberts and Ella Billiald were elected as councillors of Warwick District
Council, who granted £44,058 to the charity during the year.
12. Movements on Funds
Unrestricted funds:
General Funds
Restricted funds:
Building & Equipment Fund
SYDNI Projects:
Community Garden Project
Youth Work
International Women's Day
COVID Response Fund
Sydenham Together Fund
Rowland Trust Grant
Bericote Properties
American Car Show
Outdoor Play Area
Kitchen Refit
ESOL
Cookery Workshops
Café Lottery Funding
Volunteer Coordinator Funding
Warm Hub
UKSPF Capital
Balance At Income in Expenditure
Transfers Balance At
01.04.24
Period
In Period
In Period
31.03.25
131,174
984,325
136
11,543
4,630
9,330
802
18,540
4,896
784
1,117
-
1,700
12,548
1,050,405
170,824
-
961
627
37,400
1,800
610
7,400
5,100
1,801
55,699
16
(209,544)
-
(114)
(8,076)
(1,378)
(37,314)
(802)
(1,800)
(762)
(4,483)
(980)
(784)
(15)
(6,171)
(4,208)
(2,139)
(2,787)
(71,813)
876
-
93,330
984,325
330
(54)
22
4,758
3,879
9,416
:
14,057
3,916
1,102
1,229
892
1,362
9,761
428
1,034,719

SYDENHAM NEIGHBOURHOOD INITIATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
12. Movements on Funds (continued)
Balance At Income In Expenditure Transfers Balance At
01.04.24
Period
In Period
In Period
31.03.25
Brought forward
Sensory Room
CCTV Upgrade
UKSPF Revenue
Community Picnic in the Park
Bikerlott
Morrissons Community Fund
Sports Grant
Leamington Roundtable Fund
County Councillors Grant Fund
Groundwork Energy Save
TOTAL FUNDS
1,050,405
313
1,672
11,570
-
500
55,699
-
1,064,460
4,500
350
9,950
1,158
1,110
500
13,673
116,940
1,195,634
287,764
========
=======
(71,813)
(82)
(350)
(36,118)
(3,000)
(2,427)
(6,822)
(1,025)
(910)
(486)
(11,636)
(134,669)
428 1,034,719
(330)
231
992
(500)
1,577
4,952
1,500
:
3,128
133
200
:
(2,037)
(876)
1,045,855
(344,213)
1,139,185
========
========
========
13. Restricted Funds
Building and
Equipment Fund
SYDNI Projects
This represents the value of the leasehold land and buildings occupied by the
charity.
Various projects and events organised by the Charity with the aim of bringing
together the community or helping those in need.
Youth Work
Funding to support the Youth Workers' salaries and any other cost for running the
youth group. £4,861 was refunded in May 2024.
OVID Response Fund This represents a food project developed in response to the financial impact i
OVID-19 pandemic on local people's lives. Funded by DEFRA throuch WCC. ar
also supported by donations from the general public and Pechakucha Leamington
Spa, the project aims to alleviate food poverty through the gifting of fruit and veg
bags and community café meals to those most in need. The project functions
Sydenham Together This represents a Community Development project that commenced in April 2015
and which is funded by the VCS Service within Warwick District Council. The Fund
is targeted at people living in Sydenham and aims to reduce social and financial
disadvantage. The service elements are; targeted outreach by the Community
Development Worker, Social Prescription and delivery of activities within the
SYDNI Centre.
17

SYDENHAM NEIGHBOURHOOD INITIATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
13.
Restricted Funds (continued)
Rowland Trust Grant Grant received to help cover the cost of new CCTV cameras. This fund is now being
depleted as the asset is depreciated.
Bericote Properties
American Car Show
This represents a one off grant for young people to decorate the youth centre and
make it their space. The work was completed by Tim Brink.
Warwickshire County Council grant for holding the American Car Show exhibition.
Outdoor Play Area
Kitchen Refit
This represents the value of the new outdoor play area built in 2018 and funded
by grants and donations. This fund is now being depleted as the assets are
depreciated.
This represents the value of the kitchen refit work completed in 2019 and funded
by grants and donations. This fund is now being depleted as the assets are
depreciated.
ESOL
Adult 'English for Speakers of Other Languages' lessons resources.
Cookery Workshops
To provide cookery workshops to those disadvantaged to benefit from a healthy
budget and diet.
Café Lottery Funding Grant received to support the Café Manager's salary.
Volunteer Coordinator Grant received to support the Volunteer Co-ordinator's salary.
Funding
Warm Hub
Warwickshire Rural Community grant for a 'Warm Hub' providing free hot meals
and drinks during the winter months.
UKSPF Capital
Grant funding to enable improvements to the building, development of a new
website and other improvements.
Sensory Room
CCTV Upgrade
UKSPF Revenue
Grant received to purchase sensory equipment and decoration for the sensory
room. This fund is now being depleted as the asset is depreciated.
Warwickshire Police and Crime Commission grant to upgrade the CCTV system in
the hall.
Grant funding to enable increased Administration support and a number of new
activities such as Singing for Wellbeing, youth club and creative writing workshops
for children.
Community Picnic in
the Park
Grant funding to enable a community cohesion project free for the local
community to access activities and food.
18

SYDENHAM NEIGHBOURHOOD INITIATIVES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
13. Restricted Funds (continued)
Bikerlott
Morrissons
Community Fund
Sports Grant
Leamington
Roundtable Fund
County Councillors
Grant Fund
Leamington Old Town grant to provide a bespoke event showcasing classic and
unique motorbikes.
A Grant for the SYDNI Improvement Scheme to enhance the look and function of
the building.
A grant to provide chair exercise for the community.
A Grant received to deliver an event to celebrate the contribution and value of
volunteers at the SYDNI Centre.
Grant received to purchase kitchen equipment to enhance café sales.
Groundwork Energy
Save
A grant fund to save energy costs by optimising boiler efficiency and installing
energy saving lights.
14. Analysis of Net Assets Between Funds
Tangible
Fixed
Assets
At 31 March 2025:
Restricted funds
Unrestricted funds
1,010,684
3,421
-----
1,014,105
========
Current
Assets
€
37,045
109,002
146,047
=======
Liabilities
€
(1,874)
(19,093)
(20,967)
=======
Total
€
1,045,855
93,330
1,139,185
========
At 31 March 2024:
Restricted funds
Unrestricted funds
1,016,045
6,204
-----
-..
1,022,249
========
50,241
135,293
185,534
=======
(1,826)
(10,323)
(12,149)
[======
1,064,460
131,174
1,195,634
========
19