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SYDENHAM NEIGHBOURHOOD INITIATIVES LIMITED

Registered charity 1077333 · accounts filings on the Charity Commission register · also known as SYDENHAM COMMUNITY PROJECT LIMITED, SYDNI, THE SYDENHAM PROJECT

To promote the benefit of the inhabitants of Sydenham in Leamington Spa and the neighbourhood thereof without distinction of age, sex, sexual orientation, disability, race or of political or religious or other opinions.The SYDNI Centre is a multicultural community centre set in the heart of the Sydenham estate

Causes: General Charitable Purposes · Education/training · The Advancement Of Health Or Saving Of Lives · Amateur Sport · Environment/conservation/heritage · Economic/community Development/employment · website · Get email alerts

Latest income
£288k
Latest spending
£344k
Registered
1999
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity ended the year with a deficit of £56.4k, resulting in unrestricted reserves falling below the stated policy target of £100,000. The trustees report that despite increases in room hire and cafe income, the charity faces continued financial challenges and expects another substantial deficit in the upcoming year. Risks identified include unreliable grant funding, declining centre usage, and staff capacity constraints.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Charitable activities (42% of income)
“Charitable activities 3 162,641 210 162,851” — page 11
Per its FY2025 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £93k)
“The consequent reduction in our reserves means that unrestricted reserves are now less than the £100k which is specified in the reserves policy.” — page 8
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Trustees Will Roberts and Ella Billiald were elected as councillors of Warwick District Council, who granted £44,058 to the charity during the year.
“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.”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Warwickshire

Income and spending

Financial year endIncomeSpending
31/03/2025£288k£344k
31/03/2024£282k£269k
31/03/2023£186k£199k
31/03/2022£160k£169k
31/03/2021£112k£140k

Common questions

Is SYDENHAM NEIGHBOURHOOD INITIATIVES LIMITED financially healthy?

Per its FY2025 accounts: The accounts state that the charity ended the year with a deficit of £56.4k, resulting in unrestricted reserves falling below the stated policy target of £100,000. The trustees report that despite increases in room hire and cafe income, the charity faces continued financial challenges and expects another substantial deficit in the upcoming year. Risks identified include unreliable grant funding, declining centre usage, and staff capacity constraints. Its FY2025 accounts were independently examined.

Who funds SYDENHAM NEIGHBOURHOOD INITIATIVES LIMITED?

Funders whose own accounts filings name SYDENHAM NEIGHBOURHOOD INITIATIVES LIMITED as a grant recipient include THE MIDCOUNTIES CO-OPERATIVE COMMUNITY FUND.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
THE MIDCOUNTIES CO-OPERATIVE COMMUNITY FUNDFY2025£500

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Community Fund26/09/2024£75kSYDNI Community Centre
The National Lottery Community Fund05/04/2022£30kSYDNI Covid Help
The National Lottery Community Fund11/11/2016£8kFestival of Lights