Company Registration Number 04201736 Smethwick Youth & Community Centre Limited A Company Limited by Guarantee Financial Statements 31 March 2024 Charity Number 1090529 Smethwick Youth & Community Centre Limited A Company Limited by Guarantee Financial Statements Year Ended 31 March 2024 CONTENTS PAGE Report of the directors/trustees of the charity 1-11 Independent Examiner's Report Statement of Financial Activities (incorporating the Income and expenditure account) Balance sheet 12-13 14 15-16 Notes to the financial statements 17-25 Smethwick Youth & Community Centre Linmted A Company Limited by Guarantee Report of The Directorstrrustees of The Charity Year Ended 31 March 2024 The directors of the charity, who are also directors for the purposes of company law, have pleasure in presenttng their report and the financial statements of the charity for the year ended 31 March 2024. Reference and Administrative Details Reglstered charity name Smethwick Youth & Community Centre Limited 1090529 Charlty registration number Company r•gistration numb•r 04201736 Registered office and Oyrational address Trinity Point 1 Trinity Street Smethwick West Midlands B67 7AA The Dlrertors of the Charity The directors of the charity who served the Company during the year were as follows.. Humraaj Singh Shergill (Chairperson) Mr Bhe￿Inder Singh {Appointed on 14.04.24} {Director} Balbir Singh Bhajam (Director) Mr Sarbjit Singh (Appointed on 14.04.24) (Director) Mr Ja￿eVan Singh Samra (Appointed on 14.04.24) (Director) Parbinder Kaur (Director) Gurpal Singh {Director) Kuldeep Singh Deol (Director) Harjinder Singh Malhi {Director) Hardev Singh Mund {Director) (Resigned on 17/04/23) Secretary Harjinder Singh Malhi Chuhar Singh Dhariwal Oth•r co-opted members Auditors DAS, Chartered Accountants 6th Floor AMP House Dingwall Road Croydon CRO 2LX Bankers Barclays Bank Plc Leicester LE87 2BB Smethwick Youth & Community Centre Limited A Company Limited by Guarantee Report of The Dirertors of The Charity (Continued) Year Ended 31 March 2024 Strurture, Governance and Management Govemin Documént The organization is a charitable company limited by guarantee, incorporated on 19 April 2001 and registered as a charity on 11 February 2002. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceed(ng £1. Recruitm andA oin men f th• Direct Chari Majority of the directors of the company are chanty trustees for the purposes of charity law and under the company's Articles are known as directors of the charity. Under the reqLJirements of the Memorandum and Articles of Association, there must be a minimum of nine trustees. The trustees must consist of not less than five representatives from the management committee of the Guru Nanak Gurdwara, High Street, Smethwick and not le55 than four members of the charity, elected at the annval general meeting, three of whom Shall be young people representative5 (at least 1 being female and 1 between the age of 18 and 251 and one elderly user. One thtrd of the longest serving trustees are subject to retirement by rotation at the annual general meeting. Some of the trustees are expected to retire at the next Annual General Meeting by Rotation and offer themselves for re-election. New trustees will be appointed, if the number of remaining trustees is le55 than the required minimum under the Articles of Association. We have referred to the guidar)ce in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future actiVLties. In particular the trustees consider how planned activ(t(es will contribute to the aims and objectives they have set. The trustees confirm that the major risks to which the charity is exposed have been reviewe(S and systems have been established to minimise those risk5. The trustees have implemented a risk management strategy which comprise: an annual review of the risks which charity may face establishment of systems and procedures to mitigate those rLSk identified in the plan and -the implementation of procedures designed to minimse any potential impact on the charity Smethwick Youth & Community Centre Limited A Company Limited by Guarantee Report of The Directors of The Charity (Continued) Year Ended 31 March 2024 anisational Strurture The centre has nine trustees who meet quarterly to consider the strategic direction and performance of the charity- The trustees work under the stewardship of Humraaj Singh Shergill as Chairperson to ensure the charity maintains its strategic direction and is managed in a professional manner. The management team present the trustees at the meeting with strategic planning reports, such as financial reviews, project feedback reports, schedule of planned actLVLties for the future and any other issues which require the attention of the trustees. Part The charity has been set up under the leadership of Guru Nanak Gurdwara (GNGI High Street, Smethwick with particular emphasis on serving and supporting the whole community of Sandwell and Smethwick. It is a requirement of the Articles of Association that trustees, positions are reserved for the President and the General Secretary and three other members of the managemenl committee of the GNG. There L5 no doubt that the char¢ty benefits immensely from the inspirational support and voluntary leadership provided by the members of the GNG. C Miss10 V Mission Statement To develop a multl-agency and cross sector resource centre particularly for the S(kh-Punjabi community in Smethwick ims&Ob That provides a one-stop solution to REDUCE social deprivation & exclusion, low levels of skills, social isolation, crime and drug misuse, RAISE educational standards,. IMPROVE health, employment opportunities, household incomes and, SUPPORT SME business regeneration and diversiflcation pathways leading to vibrant commun(ty regeneration and strengthening of the local neighbouthood SY Incorporate a holistic approach to a multiagency facility in the heart of Smethwick Town Centre {High Street) that will enable it to deliver seNices and provide access to resources across communities and across disciplines Bridge the skills divide beMeen the local communities and provide a supporting pathway that develops user confidence and promotes access of mainstream provision. s & Ob'ectlves SYCC'S mission as explained above is to foster and support the development of individuals, groups and organisations withtn the Sikh Punjabi community, in particular, tenants living in or around Smethwick Whilst it w(11 provide its services for all local people and has an open door, non- judgemental p0￿CY, it wll have as its ultimate aim to address the needs of the Sikh Punjabi community This community is an ethnic group that has often been left behind in terms of employment and educational opportunities, affordable quality hous(ng, access to health and social Se￿iCeS, as well as a lack of specific voluntary support structures, strategic- representstion and political influence. Smethwick Youth & Community Centre Limited A Company Limited by Guarantee Report of The Directors of The Charity (Continued) Year Ended 31 March 2024 SYCC'S aim is to redress this balance through providing one-stop services for the target community to access worl education, health, housing and seNices locally. Its capacity and scope have been widened through strong support and partnerships locally. Achievements: SYCC'S main achievement in this financial year is the refocusing of our Nursery and Projects to adjust to the ove￿he(mIng demands of the Cost of Living Crisis. WLth some difficult decisions having to be made and costs being cut back in many areas of its operattons. SYCC has invested heavily in developing its services to adjust to community need. With a difficult economic climate, the decision was made to diversify the organisation's operations in order to sustain the charity. The Nursery is growing and is being supported by SYCC'S team in its development,. the number of Centre Projerts has increased as well as the centre's client base. Driven by community feedback and the changes to the economic and funding climate SYCC has invested in the development of a Nursery. The Nursery has been set up and named GNG Nursery. The Nursery operates from the existing SYCC premises Monday to Friday, 8.00 am to 5.Crf) pm. The f￿anciaL investment into the venture will allow SYCC to both continue to provide a community sermce and bridge the financ￿1 gaps brought about by funding cuts in the sector. The Nursery has also been given a Food Hygiene rating of 5/5. (￿er 6812023.. 681 children presently on roll at GNG Nursery em 16 Staff Members (2023: 22) 3 Students ement Nursery is focused on Speech, Language and Communication and took part in programs to help develop children's speech and to narrow the gaps that occurred during Covid. We did this by holding a 'Read Together, program with parents and children. Parents to start reading sess(ons with Ch￿dren once a month to help develop speech and Language. The nursery organsed a library reading event aimed at fostering parental involvement, where we encouraged farn￿leS to visit our local Ilbrary to promote literacy and a love for readin9 in their children. Al ni ement GNG Nursery conducted several activities that engaged with the community. We were involved in the Hatvest collections for food banks and low-income families. Addit(onaLly, the Nursery had several visits Wlth the children to local amenities. We visited Guru Nanak Gurdwara Smethwicl Smethwick Library and Trfftity Church. GNG Nursery has also visited our local train station as well as Birmingham Central Library in City Centre where we enhanced our understanding of community services while encouraging a connection to local culture and educat(on. aaement: Our Ofsted inspection took place tn April where we were rated "GOOD" in all areas which included: The Qualtty of Education, Behaviour and Attitudes, Personal Development and Leadership and Management. Additionally, we received positive feedback from the paren The report stated the fact that "staff praise children and encourage them to keep trying, ich builds their self-esteem. This works well and older children show high levels of confidence and resilience.- Nursery conducted a Speech and Language programme for parents whose English is not their fwst language. The Nursery also promoted English Classes and were able to provide childcare for parents that registered on the Centre's English Classes. GNG Nursery is proud to announce that we received a recognition award for our SENCO practices from the Early Years Inclusive Leaming SeNices, which acknowledges our commitment to support(ng children with special educational needs. We have initiated the Brilliant 8nJshers programme which aims to educate children on the svJnificance of oral hygiene and the techniques for brushing and caring for their teeth. SYCC has maintained the usage of the new GNG Communlty Annexe to provide community services. As regards to project activities in the past year SYCC has achieved the following.. Health SYCC has engaged with over 2IJO12023: 2001 people on its Health activtties this year. SYCC provides Yoga classes every Thursday to over 80 (2023.. 601 people annually. SYCC provides Healthy Cooking classes every Thursday to over 70 (2023.. 50) people annually. SYCC runs Healthy Walking Sessions on Fridals for its users. This is attended by 40 (2023: 40) people annually. SYCC runs Football Sessions for Young People engaging with over 60 (2023.. 60) participants annually. Smethwick Youth & Community Centre Limited A Company Limited by Guarantee Report of The Directors of The Charity (Continued) Year Ended 31 March 2024 Employment SYCC provided assistance to over 2,000 job searche SYCC runs a job search and CV updating seNice, this is coordinated through volunteers. SYCC managed a 50+ project Employment Support project aiding 40 participants. aming SYCC provide Pre-Entry and Entry Level 1 English classes on Mondays, Tuesdays, Thursdays, and Fr￿aYs. This was funded through the SLN Project. This project has seen a total of 84 participants. SYCC carried out over 30 Gardening sessions Whe￿ we engaged with over 50 individuals. SYCC expanded the learning of our staff through Manual Handling which 5 staff members completed and Health and Safety which over l O staff members completed. SYCC trained over 20 individuals in First Aid. SYCC trained over 20 individuals in Food Hygiene. SYCC tralned over 20 individuals in Safeguarding. SYCC offered Work Experience to over 15 students annually. Poverty Reductlon SYCC'S total number of Welfare and Benefits advice sessions totaled to 2,050 visits12023'. 1,955). SYCC runs a food donation scheme. The Centre donated 1850kg of food to its clients, which equates to 4050 meals. SYCC supported 8012023.. 80) individuaLs with getting online and completing their Council Tax Reduction Scheme Application. SYCC supported over 150 {2023.'150) individuals with their Universal Cred it applications. SmetlMick Youth & Comnwnity Cartre Limited A Company Limited by Guarantee Report of The Directors of The Charity (Continued) Year Ended 31 March 2024 FINANCIAL REVIEW Tran actions and Financial Position A summary statement of financial actiVLties for the year is shown on page 14 of the accounts. This shows that during the year, total income of £439,51612023'. £372,670) was received and after expenditure a net profit of £51,810 12023: Loss £73,822) was credited to reseNes. The defLCLt includes a charge of Nil 12023.. 61,233) which represents current 12 months of depreciation on the leasehold propety. The trustees have not changed the accounting policy on depreciation as it is felt this is more likely to give a true and fair view. ReseNes oll and funds in deficlt It LS the policy of the trustees to maintain six months, running costs. The reserves at 31 March 2024 totaled £373,567 (2023: £321,757), however cash held only amounted to £261,032 (2023: £218.272). There are a number of funds in deficit, including the building works fund and nursery fund. The trustees are in the process of reviewing and ratiOnal￿ing the funds. ci alFund Re ources The principal funding resources during the year were GNG Welfare Fees, Consortium Income, NEF, ELT, SCVO Grant income, EYSFF, Room Booking, Investment Grant, HPLC Grant, Good thing Foundation, Turner Trust Grant etc. Inv stm and Retu Under the memorandum articles of association. the charity has the power to make any investment, which the trustees see fit. The investment policy has been to choose the best deposit account available that will give high interest for the organisation and also to choose the most flexible current accou nt for efficiency in daily transactions. It is the policy of the trustees to maintain six months running costs sufficient to ensure that continued operation of the charitable company's actlVLties. The organ isation wishes to maintain sufficient cash flow for known commitments. SYCC Strat•gl¢ Direction Performance - Even in this difficult economic climate, SYCC will continue to maintain its high level of performance and quality of its seThice delivery. Produ