COMPANY REGISTRATION NUMBER: 03802499 CHARrrY REGISTRATION NUMBER: 1078799 The Hub, Hazelwell Company Limited by Guarantee Unaudited Financial Statements 31 July 2025
The Hub, Hazelwell Company Llmitod by Guarantse Flnancial Statements Year ended 31 July 2025 Pago Trustees, annual reF)Ort (incorporating the directorfs report) Independent examinerfs report to the trustees Statement of financial activlties (induding income and expenditure account) Statement of finanual posilion Notes to the financial statements 10 The followlng pages do not forni part of tho financial statomonts Detailed statement of financial activities 21 Notes to the detsiled statement of financial actNities 23
The Hub, Hazelwell Company Limlted by Guarantee Trustse8' Annual Roport (Incorporating the Director's Report) Year ended 31 July 2025 The trustses. who are also the d1CtOrS for the purFJO8es of company law, present their report and the unaudited financial statements of the charity for the year ended 31 July 2025. A¢hlwoment8 and perfomiance Adlvltles ft>r local p•ople Thè Trustees contlnue to give priority to expand the use of the building by lorAI and particularly oldar p8opl8 through THATSP. Funding is through Birmlngham Mind and Splrit Partnership from Birmingham City Coun¢il and Is secured until October 2028. We alm to help local residents to stay physically and mentally fft. This forms part of aur charilable activitleg and Is 8 key part in our provision of benefit to the general public in our local communty by enabling friendships and promotlng community wjheston. The prO1t has existed for 31 years and over the past year the project for the over 505 has been Continuing its work In the community in tying to raach those Isolated and harder to a¢h members of the communlty. Ovèr the past year we have been able to observe the growth of some of the group activities, and new aclivltles have begun Including the creative art class and digital drop ins at the cenlre. Funded warm lunches ¢ontlnue at the Hub land Elim Chuh)- Varlous events took place in the year including a sing along with light lunch, an Easter cthnmunity lunch, film club. and a coach trfp ljeas meeting. Varlous equipment wa5 recerved to glve out to communlty users, IndlmIg computsrs, wkfi, electric blankets and slow ¢ookers. Our Celebrdting Sanctuary group collaborated with the Create Hub group to host a well-received ev&n( provldlng a wonderful opportunity for participants to engage different cultures. Monthly community lunches have continued throughout last summar, wlth the last one schedulad and had attendances ranglng betsveen 25 to 30 people. We continue as an onllne centre fordlgltsl support vla The Good Things Foundation and have also been working towards offering wami meals during the wlnter months. The number of partlcipants has been steadily increasing during this period and has continued to foster meaningful connections with older people in the local community. building lasting support and frfendships. While maintaining our communty work, we have cTrproduced adivities with organlsaltons such as Elim Church, Our Scene CIC. and Bimiingham Cty Councll, offefing spaces for those over 50 to spend tirne togetFEr. which w8 will contlnue to support. The Shared Kitchen events at Elim Church contlnue to be a monthly highlight, with plans for a picnic lunch in August to celebrate. The We Womèn group at Drulds Heath Library maInS a bkweekty fixtu on Thursday aftemoons. We are hopeful lo soon reach our objective of stsrtlng the ¢ommunty cafè to support the more vulnerable and we also contlnue to buikl on our communlty partnerships withln the Brandwood and Klngs Heath area via community organlsatlons and have been able lo work in partnershlp with some organi88ltons to provlde activltles.
The Hub, Hazelwell Company Limlted by Guarantee Trustee¥. Annual Report Ilncorporating the Dirnctorfs Report) (conthiued) Year ended 31 July 2025 Achlavom•nts and perfornmnco (wiOnu¢dJ Charllablo $0¢1glles and Clubs Some of our evening actlvities are registered charities, and benefit from subsidised room hire. ActiviUo$ Include fftness. slimmlng and healthy-eatlng groups, dance classes. pllates and yoga. Our conferene tacilities during the evenings are usually let to local ¢harltles for thelr meetings and subrywmmittees. One communlty cholr and one orchestra are Important users. The Hub Is open on weekdays from 8.OOamTh10.30pm and at weekends from 9am4pm. As one of the few bcal communitylpublic access bulldlngs locally available. blood donorséssions continuad monthty In th8 churd) managed ty The Hub. Sustalnablllty The Trustees have been mlndful to ¢ontlnu8 to make the premises sustainable. to minimise operatlng costs and make it attractlve to users and help maintain this local scKial enterprise. Maintenance and improvement work in the past year includlng work Completed by staff and Trustees and Contractots. The usual programme of maintenance was undertaken over the summer holiday period. New floorlng has been Installed throughout the ground floor, and new window bllnds installed in the hall. Painng of the Church walls is ongolng. The plumber ha8 fixed a broken toilet and the kitchen's hot water tap. Car park fencing has been removed as hedge 1$ more established. Vvork knnded by the energy grant has been completed In the boller room, with the installauon of the smart computers and endolhemi added to the system. Smart radlator valves are due for installatlon in January 2026. A d8flbrlUator has been installed on the Hall outer wall. The local PCSO has donated a publlc asS Bleed Control K¢ now available at reception. Work also Included the the refurbishment and update of the lift including its extemal door and the introduction of a digital security alam) system. Other work included an ongoing programme of intemal palnting. gutter clearance, paIrS to windows and main entrance doors., also repaws to the roof needed due to leaks. Trustees were informed Fire Certificate bisits are not requlred every year. We are mindful to flnd ways of increasing the number of male useTS and ensure continued usa by chlldren and youth groups and Increasing diverslty, to better reflect thg changlng naTe of the k>cal communty.
The Hub, Hazelwell Company Limitsd by Guarantee Trust••s' Annual Report (Incorporating the Directorfs Roport) (C¢¥U Yur ended 31 July 2025 Flnanclal r•vlew The marity of operational costs are met by revenues generated by th8 centre. Grants are re1V8d In respect of specific 8xpendlture either capltal or malntenance related or for a¢tNities such as our work wlth older people. Total incoming unre8lricled resources decreased over the year from £132,73012024) to £110,427. The unrestrided expenditure of the centre increased, from £126,743 {20241 to £148.101. The deficit before transfers wag £37,674 (2024 surplus of£S,987). Transfèrs of£1.421 were made from restrlcted to unrestrtGted lunds to reflect use of premlses in delivering soma of activities. In addition restricted grants for work wlth older people recognised in Ihe year were £24.276', £7.000 in respect of Warm Welcome,; £10,000 frcKn Bimlngham City Council in respect of addltlonal Food aid,. £8,500 fromveolia in respect of refurbishmentand £15,528 from Groundworks towards updating boilers and other works. An appeal wa$ also launched to purchase and Install a defibrfllator on the outside of Ihe building. Total costs were £1.520. The grants from Veolia and Groundworks together with the defibrillator donations were fulty expended in the year. Surplus monies carrted forward to be used in future years, Includlng grants brought ft)rward from earlr8r years totalled £9,576. As In previou$ years we provide for £18.590 of depreciation on the improvements to the propety. The resutt is a balance cathed forward on unrestricted reserve$ of £70,359, includlng £14,262 of designated r&seN8$ brought fopmard from the previous year. Restricted reserves totslled £530.117 rade up of £520.541 capital grant and £9,576 for specific projects. Reserv88 Pollcy Th8 Company aims to keep in reserve sufficient funds to ensure the buslness can njn for a perfod of 6 months without further in¢ome though like many similarorganisations, these reserves and inGome were depleted during the period of Covid and loss of City Council ljooklngs. The reserves at the yearend are close to this targeL Trusteès ar8 aware of the need to substantialty reduce the defiGit. In light. however, of the current economlc un¢ertalntles the Trustees will continue to review the position. The shared let of the back office has contlnued to provide a welcome source of income. The process of setting up ourselves as employers with HMRC and the Diocese payroll has been re-started. Pre increases for all rooms and groups have been Introduced. Under the new govemment acGrual method, holiday pay lor all part-time staff to be pald at 12.07%, in Instalments, backdated from 01104124. This is a legal requirement, and all trustees voted unanimousty in favour of our plan to relmburse staff. Tru•¢¢g• and Staff Despits all of the Changes we have to weather I rem81n, as ahvay$, very grateful for the dedication and hard work of the Hub staff- Guy Morris, Dorrett Erskine, Tessa Taylor and our part-tim& stewards. My thanks are also due to my fellow Trustees for thélrwlsdom and praclical help. Volunts•r• The work of the charity and its delivery of Its obieGtives requires ils paid staff to work alongslde its volunteers, including Its work through The Hub Ageing Together Social PrOt (THATSP), formety called ACTS. and Ils Trustses. The charity is activety seeking further volunteerg to support its wor
The Hub, Hazelwell Company Limltsd by Guarante• Trustees. Annual R•port Ilncorporating the Dlractor's Report) (conttnuodj Year ended 31 Juty 2025 Flnanclal rovlaw (¢onJnuedJ Fundralslng The trustees wlll ¢onttnue to seek ways of securing funds and reduclng building running costs and bulldlng our reserves post-covld. Also to assist with the costs for THATSP so that they can continue thelr Invaluable Work for okler people. Structurn, governance and managoment 8tructuro The Hub Hazehvell is a company Ilmlted by guarantee govemed by Its Memorandum and Artlcles of Association dated 8 July 1999 and a$ amended by SFecial resolution dated 4 January 2000 and Is registered as a charity wlth the Charlty Commisslon. Gov•rnan¢• The Company is administered by up to twefv8 Trustees {currenty nine), four ofwhom were inVoed in setung up the Company originalty. They are appointed for three years and three of the Trustees retire each year at the Annual General Meeting. They recelve no remuneratk)n or berEfits. Oryanbailon Thè Board of Twslees adminlsters the ¢harlty. The board meets quartgty. Thère are three sutsommlttees of trustees responsible for. 1. staff recrultrnent and managemen( 2. building and works, 3. financo. The Facilities Manager has delegated authorlty for day to day Op6raon8I and business matters.
The Hub, Hazelwell Company Limlted by Guarantse Tru8tses' Annual Report (InCooratIng the Directo8 Report) (conJnu6d) Year ended 31 July 2025 Roloronce and admlnl¥traUve detsll8 R¢g1gtorod charfty nam• The Hub. Hazehvell Charlty Mglstratlon number Company r¢glstratlon numbor 03802499 Prlnclpal offlrA and roglstor•d 318 Iftsrage Road offlce Klngs Heath Blmiingham B14 7NH 1078799 Thè tru8ts08 J Dunne C Gunnlng G Mitchell S Moore P Thomas D Taylor J Price MS S Charalarnbous P Gardner All trustees appolnted at 31 July 2024 were also In offt¢e at 31 July 2025 and up to the date of approvlng this rapofL Company soerotsry Ms C Gunnlng Independenl examlnor Davld Seeley FCA Accuo Accounting Limited Chartered Accountants Alvechurch Bimilngham B48 7JX Small company provlslons This réport has been prepared In accordance with the provlslons applicable to compantes ents'ved to the small companles exempkn.
The Hub, Hazelwell Company Umited by Guarantee Trustees. Annual Report (Incorporating th• DlrectoVs Report) [¢¢16) Year ended 31 July 2025 The trustees. annud rewt was apwoved on 25 Mwth 2026 and signed on behalf of the board of trustees by.. G Mit¢hell Trustee 4 /oJ-ckJ 26103/2026,
The Hub, Hazelwell Company Llmlted by Guarantee Independent Examinerfs Report to the Trustees of The Hub, Hazelwell Year •nded 31 July 2025 I reportto the trustees on my examination ofthe financial statements ofThe Hub. HazebNell {'the charity,) for the year ended 31 July 2025. Rosponslbllitle8 and basls of roport As th& truslees of the company (and also its dlrectors for the purposes of Company law) you are responsible for the preparation of the flnanclal statements In 8¢cordanGe wlth the requirements of the Companie$ Act 2006 fthe 2006 Arf). Having satisfied myself th8t the accounts of the company are not required to be audited Urer Part 16 of the 2006 Act arKI are eliglble for Independent examinalton. I report In respect of my examination of the charity's accounts as carrfed out under sedion 145 of the Charfties Act 2011 I'lhe 2011 ACV). In carrying out my examlnation I have followed thé Dlrections gen by the Charity Commission under secuon 145{5llb) of the 2011 ACL Indopondont examlner's 81atement I have completed my examination. I confim) that no matters have come to my attention In Connection with the examination giving me cause to belleve: accounlng records were not kept in respect ol fhe charity as requlred by Section 386 of the 2006 Act; or the financlal statements do not accord with those records" or the financial statements do not compty wth the accounting requirements ofsection 396 of the 2006 Act other than any requiremontthat the accounts give a'true and falrf view which is nol a matter consid8r6d as part of an Independent examination; or the financial Statements have not been prepared In accordance with the methods and principles of the Statement of Recommended Practice for accounting and reportlng ty charities applicabl6 to charftlos preparlng their a¢Gounts in a¢cordane8 wlth the Fln8ncial Reporting Standard appllcable 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 attentkjn should be drawn In thls report In order to enabk? a proper understsnding of the accounts lo be reached. David Seeley FCA Independent Examiner Accuo Accountlng Llmited Chartered Accountants Alvechur¢h Birmingham B48 7JX
The Hub, Hazelwell Company Llmited by Guarnntee Statement of Financlal Activitiès (Including incom• and expenditure account) Yr ended 31 July 2025 2025 2024 fijnds funds Total funds Total funds Income and endowme Donations and legwes Charitable activities Other trading a¢tivibes Investment Income 4.072 87.439 17.053 1.863 110.427 86,824 7096 87N39 17,053 54.832 97.653 12,687 1.973 167,145 Total Income 66,824 1TI,251 Expendlture Expendilure on raising fvnds.. Costs of other trading activitss Expenditure on charllable athibes 10.11 T•)tal PltUre 6.753 141.348 148.101 6.753 217,344 224.097 6.302 173,744 180.046 75.996 75,996 Nrt expendltur• (37,674) (9,172) (46,846 (12,901) Tramfers between funts 1.421 (1.421) movem•nt In fvnds (36,253) (10,593) 146,846 (12,9011 R•eon¢lllatlon of fund• Total funds brought fopKdrd Total funds carrfod forwa 106,612 70,359 540.710 530.117 647,322 600,476 660.223 647,322 The statement of financial actsvit includes all gains WKI losses rewised in the year. I Income and expenditure derlve ftrm Continui activits&
The Hub. Hazelwell Company Llmlted by Guarantsa Stat•mgnt of Flnanclal Position 31 Juty 2025 2025 2024 Flxed a8xts Tangible fixed assets 18 622,106 539,956 Current assèts Debtors Cash at bank and 4) harrfl 19 19.89S 103,381 93,894 123,276 Cr•dltorn: amounts lalllng du• wlthln on¢ yur Net Current as80ts 15,524 15.910 107,368 647,322 647,322 78,370 600,478 600,476 Total assets less curront Ilabllllle8 Funds of the ¢harlty Restricted funds unrestri funds 530,117 70,359 600h76 540,710 106,612 847.322 Total charlty funds For the year ending 31 Juty 2025 the charity was entiued b exenytion from audit under $8Ctlon 477 of the Compantes Act 2006 relating to small coffyanies. Dlre¢tors' responsibilities". The members have not required thè to oiain audlt of its financHI 5tatemenls for the year in question in acrdanCe ith 476: The directors aCknthed9e theirrespons1biieS for CoMy1ng wilh tre requirements ofts Actwith resFCt to accounting record$ aKI tho offinancial ststements. These financial staiements have be Fyepared kn accordance with the wMions applicable lo companies subject to the small companles. regime. These financial statements were apwoved by the board oftrustees and authorised forissue on 25 March 2026. and are signed on behalf of the lard ty. G Mitchdl Trustee The nots¥ on pfjg•¥ 10 to 19forni p•rtofth•8e fln111 sl•tom
The Hub, Hazelwell Company Llmltad by Guarantse Notes to the Flnanclal Statem•nts Year end 31 July 2025 G•neral Inlormatlon The charity is a prfvate company Ilmlted by guardntee. raglstered h England and Wates and registered charity In Englar#d and Wdles. Ihe address of the registered office is 318 Vtsrage Road, Kings Heath, Blmingham, B14 7NH. The ¢harity Is a pub benefit entity as dellned In tha Chwlllos ACL 8tatem•nt of ¢ompll•n These Ilnanclal statemnts have been wepared kn ¢ompllanea wlih FRS 102. Th8 Flnanclal Reportlng Standard appllcable kn the UK and the Repubik of Ireland,. tho Statement of Recommended Praclce applicable to charf118s preparing thelr a¢unt$ in accordance with the Flnanclal Reportlng Stsndard applicable In the UK and Republic of IrelarKI IFRS 1021 {Charitle8 SORP {FRS 102)} and the Compan188 kt 2(th. A¢¢ounllng polkl•• Ba•h ol pr•p•rnilon Th• flnancLql itat•rnents ha¥• beon preprnl on the N8tr)tsd cost 1$. Oolng ¢onc•rn Th•r¢ or• no materlal uncortainkn alxwt the chorlty's ablllty to contlnue. DI•¢11• •x•mptloM The entlty th• eritsrla of belng a quaufylng enoty as delln•d kn FR8 102 ty rn88on ofbelng smail. AJ such the charlty ha8 taken •Jvantage of Ihe dl8dosure exempan8 avallable under FRS 102: la) No ca8h 1SyhT ststoment has been wesented ftx the cory)any. Ibl Disclosures In respect of Ilnandal Instruments have not been pre8ented. 10
The Hub, Hazelwell Company Llmltsd by Guarantse Nots8 to tho Flnanclal Statwnents (¢onth•wd) Year ended 31 July 2025 A¢¢ountlng pollclM (CU Jud9•m•nts and koy •ourcos of ••dm•tkn unc•rtalnty The preparatlon of the flnancial ststements requlres management to make judgemènts, esUmate8 and a8sumpltons that affect the amounts repled. These eslmates and judgements ar8 conUnLRIty revlewed and are b35ed on exp8rknn¢o and other factors. Including expectatlons of fvture events that are b81ieved to bfr reasonth under the ¢mimsitAw. Slgnificant ludgements Thejudgement (apart from those irv1n9 estlmatkTh) that managerront has made In the process of applylng the entlty's accounting polkles arKI that has tho most sIgnifant offect on the amounts raeognlsad Sn the financial statements Is that ft wlll continue to operate for the fore$e8able future. At present the Tru8tees belleve Ihh k) be the ease. Kay 8aurc88 of 8811math uncfjrtnty countlng 88tSmates and AUMpS wo m•Je conc•mlng tho future and. by thelr nature, wlll rarety equ81 the related actual outcorn. The key assumptlon and other sources of 88motIon uncertalnty thal has a slgnlllcant rl8k of causlng a mateiial adiJ8lm&nt to the carrylng amunts Of assets and Ilabllltte8 wlthln the next financlal year ore 88 folkms.. (•) the propety carrylng Val In the accounts of£520.54118 not materfalty ovorstated. (b) the amounts recefvabje for room hlrn etc of £18.605 are not nxt•rlalty ov¢rntsted. Fund •¢¢ounllng Unrn•trlctad fund8 are avallable for at the dlwellon of the tru8to•8 to furthor any of Iha chadty'5 purpose8. Restrl¢ted fvnds are sublected to restriclions on thelr expenditure declared by the donor orlhrough the Im ofan apwal. At Wa8entall are classIf a8 restrlcted Incornè fund8. Incomlng r••our¢ All Income is induded in the stalernent of financlal xtivitles when entitlement has passed to the charlty, It Is probable that th• econ1¢ beneffts assc¢*d wlth the transaction will flow to tho charfty and the amount can be rnltabty Thasufed. The follvArfng spacific polkles are applled lo partkular categorles of Income.. income from donalh)ns or grants IJ recogn1d wt1 th8rn18 avhJen¢e of entltlernt to the girt recdpt 1$ probable and its amount ¢an Thured rellabty. Income from lettlngs is Tecogimsod when thè lottlng has taken place. 11
The Hub, Hazelwell Company Llmltsd by Guarantee Notss to the Financlal Stat•m•nts (conthL Year onded 31 Juty 2025 Aeeounllng polkle8 (e RO•our oxpand•d Expendilure is recognlsed on an accruals basis as a liabilty is incurred. Expenditure Includes VAT this cannot ba recovered, and Is Class[ under headings of the statement of financial activities to Wffth it relat8s: expenditure on rnlslng funds includes the of all fundrdi51ng activillos and events. expenditure on charitabb actfvitles Includes all Costs incurrod by a charlty In undertaking actNities that lurther 118 charitsble alwfj for the nefft of Its b8n8fKlaries, Includlng those 8UPPOrt costs and costs to the govemance ol the charity apportiornd lo charttable activities. olhor expendllure Includes all expendllure that Is neltheT rolated to ral8lng funds for the charfty nor part of Its expendlture on charitable Actlyltkn. Al costs are allocated to expendlbjre categoth roftectbng the use ofthe OurCe. Dlrect costs attributable to a slngle athity are allocated dlrocty to that actmty. Shared costs are apportloned between th8 acfvs1188 they contributeto on a reasonable. jusllfiable and eonslstent ba818. Tanglbl• aM•ts Atl fo(ed assets are Inlllalty record8d at COsL O•prn¢latlon Depreclatlon 58 calculated so as to wrfte off Ihe cost orVaallon of an a$•e(1é81 tts rnsldual value, over the usèful economlc lffe of that 888et as folk. Lea8ehokl property Fumllure and fftUTr3$ Computer equlpment 2% •tralght ne 20% straght line 25% 8tsght11 D•fin•d contrlbukn plam Contrlbutth8 to defined contrlbuuon plani arn r¢eognlwd as an expense In th• period In whlch related s•rvlee Is provlded. Llmlted by guarant•• The charlty18 a company lirnSted ty guarart•8 aB luch has no share caprtal, & DonaUon• and legael•• Unrestrlcted Restrlcted Total Fund• Fundo Funds 2026 tlonatlons Donations 4,072 1,520 5,592 12-
The Hub, Hazelwell Company Limlted by Guarantee Notss to the Flmnclal Statem•nt8 (Cul9 Year end 31 July 2025 Donatlons and l•ga¢le8 (t10> Unre5trictsd Restricted Total Fund• Funds Funds 2025 Grants Grants for capitsl Grants for refurbishment exp61uro Grants lor operatbonal expenditure 15.528 8.500 41.276 16,628 8,500 41,276 70,896 4.or2 66.824 Unrnstricted Funds Restrlcted Total Funds Funds 2024 Don•tlon8 Oonations 20,417 20,417 Grnnts Grants for eApltal expendltur• Grants lor rnfUrbhment expend6turn Grants for oparatlonal expenditur• 34.415 34.416 54,832 20.417 34,415 Charflabl• actlvlll•• Unrestsk Tolal Fund• Unre8trlcted Total Funds Funds Fund• 2024 RJom hlre In¢omg from In-house aclfvlu Ineom from trfpg Sundry Incow 78.080 4,503 2.820 2.038 78,080 4,503 2,820 2.036 87N39 96.245 96.245 87,439 97.653 97,853 Oth•r tradlng aetlvlti Unrestricw Tol•l Funds Unre8trkted Total Funds Funds 2025 Funds 2024 Fundralslng events Caterlng Income Equipment hire Vending ma¢hine Ineomo Office rent Church contrlknjilons IrdS nght and 435 8,123 169 43 2.525 435 6,123 169 43 2.525 7.948 45 3.392 3.392 12.687 17.053 17,063 12,687 13
The Hub, Hazelwell Company Llmlted by Guarante• Notes to the Financlal Statsments (¢onllnu•dJ Year onded 31 July 2026 Invutmant Ineomo Unrestdcted Total Fund8 Unrestricted Total FuThls Funds 2026 Funds 2024 Bank Inlern8t rec8Svab 1,863 1,863 1,973 1.973 Co8ts of oth•r tradlng a¢tfvftl•• Unre8trlcted Tolal Fund• Unrestricted Total Funds Funds 2025 Funds 2024 Catsrlng and ¢)th¢r fundraE8lng 8.753 6,753 6.302 8,302 10. Exp•ndltur• on eharltable actlvltlo• by fund typ• Unmtdcted Funds R•strlctsd Tol•l Funds Funds 2025 Communlty lèttlngs Communfty development Support C08ts 127.512 4.478 9.358 141,348 28.831 30,675 18,590 75,996 154,343 35,053 217,344 Unrestrtctad Funds ResMct¢d Total Funds Funds 2024 Communlty18ttlng8 Communlty development Support costs 108,578 3,919 7,944 120.441 118,644 30,568 26,534 173,744 26,847 18,590 53,303 11. Exp•ndltur• on ¢harltsbla aclMlle• by actlvlty typ• Act[¢ undertaken directly Support Total fund8 2026 Total fund 2024 Communlty18ttlngs Communlty devolopm8nt Govemance costs 154.343 35.053 23,403 177,746 35,063 4046 217,344 140,666 30,566 2.512 173,744 4,545 27,948 189.398 14
The Hub, Hazelwell Company Llmlt•d by Guarantee Notes to the Flnanclal Statements (¢onthi Year anded 31 July 2025 12. Analy818 of support co•ts Analysts of support costs Communlty lettings Total 2026 Total 2024 Staff costs Prem1s88 General office Governance costs 4.567 18.590 4,567 18,690 4,775 18,590 657 2,512 26,534 4,545 27,948 27,848 13. Not •xp•ndltur• Net expendltur•18 statsd after charglngl(cradlllng): 2026 2024 D¢pr•clatlon of tsnglble fixed assets 18,836 19,247 14. Audltor• Mmun•ratlon 15. Ind?p•nd•nt •x•mlnatlon l• 2026 2024 Foes payable to the Indepgndent examlner for.. Independent examlnallon ol the flnancl818tstement8 Other finanelal senilces 080 1,320 1,980 1,320 1.980 18. Staff The total staff c06ts and employm l>•nofiis forthe reportlng perlod are analysed as fol9.. 2026 2024 Vrfages and salarl95 So¢lal secuTIty costs Employèr contributlon8 to penslon plans 84,011 6116 4,683 95310 77,682 4,217 1,358 83,257 10
The Hub. Hazelwell Company UmSted by Guarantee Notes to th• Flnanclal Statements Year •nded 31 Juty 2026 16. M costs ((h?dI The average he1 count of the8$ durlng the year was 4 (2024: 5). Tho average number of fu1141m equlvant employees during the year 18 anatysed as foltry: 2025 2024 No. Offke Staff Working wlth older people No empltryeo recelved ernthae benefits than £60.000 durlng the year12024.' NII). K•y Manag•m•nt Pernonn•l The twstees conslder tharn8e to be the key management personnel ot tho th8rty and b)ey rocafved rbo remuneration or relmbursermnt of expenses In eilher yoar. 17. TnMt•o r•mun•rntlon and •xp•n• No remuneratton or othor blnefits from wryWm•nt wllh tho ¢hwity or a related •ntity were recelved by the trustees 18. Tanglbh Ilx•d au•l• Land and Flxtures and IwlkllNdS ffttlng• Equlpment Total Co•t At 1 Augu812024 Addltlons 929,525 91,842 549 42,888 437 1,084,255 At 31 July 2026 Dopreclatlon At 1 August 2024 Charge for the year At 31 July 2025 Carrylng amount At 31 July 2026 At 31 Juty 2024 929,525 92.391 43.325 1,065,241 390.394 18.S90 91.017 137 42,888 524,299 18,836 543,136 91,154 42,997 520,541 539.131 1,237 825 328 522.106 539.958 19. Debtorn 2026 2024 Trade debtors Prepayments and aCcd IrKo 18,805 6,854 12,951 6,944 19,895
The Hub, Hazelwell Company Llmltod by Guarantso Notss to th• Flnanclal Statsments (Cl•) Yoar ended 31 July 2025 20. Crndltorn: amounts falllng du• wlthln one y•ar 2025 2024 Trad8 creditors AccNals and deferred hcomè 3,634 11,890 1524 4.445 11,465 15.910 21. P•n•lon• and othor post r4llr•m•nt b•n•ftt• D•ffln•d ¢ontrlbullon The amount r•c¢gnl8ed In Incm lx expgndnure a• an expen In relatlon to defined contrlbutlon plan8 was £4,683 (2024: £1.358). 22. Analy•h of charltabh fund• Unrn•trlct•d fund• At 1 Augus t 2024 At Incomo Exp•ndrtur• Tran$fer8 31 July 2025 G•n•r81 lund8 Older P8opl& VK)rk 110,427 (148.101) 1,421 66,097 14,262 70.359 14.262 106.812 110.427 {148,101) 1.421 1 August 202 At Income Exwnditur• Transfer8 31 Juty 2024 General lund8 Older Peo wo 11JO.825 118.288 14.462 132.730 (126,543) 12(K)) (126.743) 92,350 14,262 1L*,612 100.625 17
The Hub. Hazelwell Company Llmlted by Guaranteo Notas to the Flnancial Statements f¢ Year •nded 31 July 2025 22. Analy818 of ¢h•rlt•bl• fvnd• RMtrfcted lund¥ At 1 August 2024 At Trdnsfers 31 July 2026 Expendliure Capltsl Grant Thrlve-worklng Vlth Older Peopie BCC-N8ts¥oMng BCC 539,131 (18.590} 520,541 24.276 (24.276} 10.000 {3.884) {3,718) 6,136 1,861 079 1,000 INarm Welcome Imnter Food Ad Digltal Grant Veolia Groundworks Oefibrillator 11.421> 579 8,500 15.528 1.520 66.824 {8.51)0) (15.528) {1.520) 175.996) 540.710 (1.421) 530,117 At 1 August 2023 At Income ExpdItUrn Trnnthirs 31 July 2024 Capltal Grant Thrive-INorklng Older People BCC-N•iworklng BCC-IT Warm Wèkome Wnler Food Aid Dlgllal Grant Veolia Groundwork8 Defibrllmor 557.721 {18.59)) 539,131 24,915 (24,915) {400) (1,477) (3,500) (4.421) 4(K) 1,477 3,500 5.000 579 1,000 559,598 34.415 (53.303) 540.710 18
The Hub, Hazelwell Company Llmltsd by Guarantse Notes to the Financlal Statements (ronllnu•d) Year endod 31 July 2025 23. Anaty818 of n•t a8••t• betwe fund• Unrestrlth Restrlcted Total Fund• Funds Funds 2025 Tanglble fixed assets Current assets Credltors less than 1 year 1,565 84.318 (15,524) 70,359 520.541 9.576 522,106 93,894 (15,5241 600A76 530.117 Unrtistiic Restrlthd Totsl Fund8 Funds Funds 2024 Tanglble fixed lets Current awts CreditorJ1953 than 1 year N•t a•s•ts 539.131 1.579 539.958 123,278 115.910) 647,322 121.697 (15.910} 106.612 540,710