Hive Bradford
Charity number 1100741
A company limited by guarantee number 04720047
Annual Report and Financial Statements
for the year ended 31 March 2021
Hive Bradford
Annual Report and Financial Statements for the year ended 31 March 2021
| Contents | Page |
|---|---|
| Trustees' report | 2 to 5 |
| Examiner's report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the accounts | 9 to 13 |
1
Hive Bradford
Trustees' report for the year ended 31 March 2021
Reference and administrative details of the charity, its trustees and advisors
Trustees
The trustees during the financial year and up to and including the date the report was approved were:
| Name | Position | Dates |
|---|---|---|
| Steve Mackay | Chair | |
| Jeannie Crowther | ||
| Karen Steenson | ||
| Michael Kennedy | ||
| Nicola Shaw | Resigned 9 January 2021 | |
| Peter Walton | ||
| Sue Rana | ||
| Susan Bale | ||
| Company secretary | ||
| Susan Bale | From 9 January 2021 | |
| Charity number | 1100741 | Registered in England and Wales |
| Company number | 04720047 | Registered in England and Wales |
Registered and principal address
Kirkgate, Shipley, West Yorkshire, BD18 3EH
Bankers
Cooperative Bank, 1 Balloon Street, Manchester, M60 4EP Virgin Money, Jubilee House, Gosforth, NE3 4PL Nationwide Building Society, 5-11 St Georges Street, Douglas, Isle of Man, IM99 1AS
Independent examiner
Helen Galvin FCCA
West Yorkshire Community Accounting Service, Stringer House, 34 Lupton Street, Leeds, LS10 2QW
Structure, governance and management
The charity is a company limited by guarantee and was formed on 2nd April 2003, as amended by special resolution dated 22nd October 2003. It is governed by a memorandum and articles of association. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £10.
Method of recruitment and appointment of trustees
The trustees of the charity are also the directors for the purposes of company law and are appointed by the members at the AGM.
Change of name
On 1 April 2012 Kirkgate Studios and Workshops changed its name to Hive Bradford (working name Hive); the name change was registered at Companies House on 16 March 2012.
Objectives and activities
The charity's objects
The advancement of education for the public by the provision of vocational and other training courses. The provision of facilities for recreation and leisure time activities for people who have need of them by reasons of age, infirmity or disablement, poverty or social and economic circumstances with a view of improving the conditions in life of such persons.
The charity's main activities
Hive offers adult education classes in various arts and crafts activities. We also provide a range of activities for specific communities and clients both at the workshop and across Bradford District. We offer access to our facilities, creative equipment and support to individuals and volunteers looking to develop their skills and
2
Hive Bradford
Trustees' report (continued) for the year ended 31 March 2021
Objectives and activities (continued)
Public benefit statement
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of education and the provision of facilities for recreation or other leisure time occupation. Hive Bradford works to promote the inclusion of:
-
vulnerable and disadvantaged children and young people, young offenders and those at risk of offending, through learning, skills-building, creative opportunities and community projects.
-
disadvantaged adults, particularly providing steps back into employment through volunteering, skillsbuilding and self-confidence.
-
vulnerable and disadvantaged older people, through providing activities, social links and combatting loneliness.
Hive supports continuing life-long learning through a programme of creative adult learning, creative outreach courses, arts and health activities and free drop-in access. Hive Bradford also supports local economy and community regeneration through involvement in local visioning events, working in and fostering partnership, creating employment and volunteering opportunities, local procurement where possible and access to workshop facilities.
Achievements and performance
We began this financial year in lockdown so Hive’s doors closed temporarily, some staff were furloughed and some continued to work from home. Our courses and projects closed 'in person' and we had to find a way to keep people engaged with the arts during this period, particularly those with mental and physical health issues exacerbated by the pandemic.
We were lucky to obtain additional funding during this period from a variety of sources to enable us to run a programme during this year. We were able to offer free sessions online, delivering 350 creative hours on Facebook and 200 via zoom to continue to engage and expand our audience. These included Woodwork, Painting and Drawing, Pottery, Printmaking, Arabic Calligraphy and Stained Glass. Lockdown with Liz started where our tutor live-streamed on Facebook showing us simple crafts and outdoor activities in her garden. This led to contact with the creative network and Liz became a regular guest on "Up for the Arts" on Radio Leeds.
We also developed zoom chat and craft groups for people who missed the interactions of coming to Hive. During this time we also delivered 20 Morrisons food boxes, provide by MHFA (Mental Health First Aid), to some of our most vulnerable users / members.
We purchased and delivered 36 tablets to refugee families, in partnership with Refugee Action. This meant that they were able to take part in our Flourish sessions online, and contribute to an online exhibition as part of refugee week. We have been delivering Flourish sessions via Zoom since June of last year. We have had a great response to these sessions from the participants, having worked with a wide range of people including refugee families, South Asian elders and others in the West Bowling community. During these sessions we have looked at what being in lockdown means and made paper houses lit with battery-operated tealights that we distributed through partner organisations and via post. We have had origami and paper craft sessions with families, as well as continuing with our foot project – exploring the journeys that the participants have made – to be exhibited in the autumn.
Our Thrive programme was put on hold for a while as one of the workers has long COVID. The work continues now on a smaller scale working with families and mental health partners.
Our members and volunteers really rallied round at this time, some of them making masks (over 300 of them) to sell online, raising £1,500 for Hive. One of our tutors made two large COVID pots inspired by the Grayson Perry Brexit pots, and invited service users to explore and represent their "Good" and "Bad" feelings about lockdown. One of our tutor's sons, whilst being home schooled, developed a Hive@Home website so that our service users could download creative worksheets to accompany our online tutorials.
3
Hive Bradford
Trustees' report (continued) for the year ended 31 March 2021
Achievements and performance (continued)
We installed large screen TVs and additional equipment at Hive so we could deliver courses in the building with people joining in from home via Zoom in preparation for when things started opening up again. We were also able to install this equipment at CommunityWorks in Undercliffe, Shine in West Bowling and Roshni Ghar in Keighley, alongside tablets to distribute to their clients. These clients included a group of unaccompanied young refugee men who were having a particularly bad time, enabling them to take part in creative activities to improve their English and wellbeing.
We adapted our premises to make them secure and safe for service users and restarted pre-booked drop-in sessions in July, meaning artists could access the equipment they need to start making again: after long periods of lockdown many people were keen to get back to Hive. We established a mixed-mode learning programme in September, with courses running for half the students in person, and half at home tuning in via Zoom - swapping round the following week, so each student had equal time in class. We also allowed people to come and pick up materials for classes during this period. Then in October, when we went back into lockdown, all sessions went back to being delivered on Zoom. As the year ended we were planning a cautious return to mixed-mode classes.
We were asked by the Baring Foundation to produce a report on our wellbeing work with BAMER (Black, Asian, Minority Ethnic and Refugee) communities as they are going to be changing their criteria to focus on this group in the near future and wanted some good practice information from groups already doing this work. The Baring Foundation have now released their report, "Culturally Minded and Ethnically Diverse", in which Hive features (available on their website).
At the start of the year we were already developing a new website, and we launched this during lockdown to make it easier for members and non-members to book onto courses and access our facilities, as well as bringing all of our online activities together in one place.
Finally, since January we have been working with Bounceback foods, a Manchester-based charity working to fight food poverty in the UK, on their latest cookbook. Hive is representing Bradford as one of 20 organisations producing artwork for the book representing different cultures' food. We are working with Roshni Ghar to produce artwork which will be displayed on the Bangladeshi recipe page.
4
Hive Bradford
Trustees' report (continued) for the year ended 31 March 2021
Financial review
The net income for the year after transfers was £83,253, including net income of £21,187 on restricted funds and net income of £62,066 on unrestricted funds.
Reserves policy
The management committee of Hive has agreed to maintain reserve funds at sufficient levels in order to allow the smooth operation of the charity’s activities (in accordance with Charity Commission guidelines). Hive aims to hold free reserves (ie. unrestricted funds not committed or invested in tangible fixed assets) of between 6 and 9 months (currently £119,603 - £179,405). In line with the Charities Commissions SORP 2005 Paragraph 55(a) Hive will include information about our reserves policy and the level of reserves held in its Annual Report.
The charity's free reserves, excluding fixed assets, at the year end were £172,230 (2020: £116,900), within the range required by the reserves policy.
Statement of trustees' responsibilities
The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.
Company law requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:
select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.
Signed on behalf of the board of trustees:
Signed………………………………………………. (Trustee)
Name.…………………………………………………
Date………………………………………………….
5
Hive Bradford
Independent examiner's report to the trustees of Hive Bradford
I report to the charity on my examination of the accounts of the charitable company for the year ended 31 March 2021, which are set out on pages 7 to 13.
Responsibilities and basis of report
As the trustees of the charitable 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 charitable 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 charity's accounts as carried out under section 145 of the Charities Act ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Acts.
Independent examiner's statement
I have completed my exmination. I confirm that no material 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 seciont 386 of the 2006 Act; or
2) the accounts do not accord with those records; or
3) 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
4) the accounts have not been prepared in accordance with the methods and priniciples 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.
Signed: …………………………………… Name: Helen Galvin
Relevant professional qualification or body: FCCA
Date: ………………………..
West Yorkshire Community Accounting Service
Stringer House 34 Lupton Street Leeds LS10 2QW
6
Hive Bradford
Statement of Financial Activities
(including summary income and expenditure account) for the year ended 31 March 2021
| Notes 2021 Unrestricted funds £ Income from: Grants, contracts and donations (2) 55,819 Sales and fees 4,042 Membership fees 1,440 Room hire income - Bank interest 536 Other income 1,551 Community Arts Umbrella income 1,353 Total income 64,741 Expenditure on: Salaries, NIC, pensions and payroll fees (3) 2,963 Sub-contractors (artists) 8,000 Travel and subsistence expenses - Training and recruitment - Volunteer and participant expenses 10 Rent, rates and insurance 911 Utilities 386 Internet and telephone - Materials 511 Printing, stationery and office supplies 456 Marketing and publicity - Professional fees 955 Accounting (incl. examination) 3,112 Equipment 100 Van - Room hire - Cleaning and maintenance 1,764 Subscriptions - Security 747 Bank Service Charges 273 Community Arts Umbrella 163 Repayment of cancelled commission 3,208 Other Direct Costs (sundries) 3 Depreciation 4,657 Total expenditure 28,219 Net income / (expenditure) 36,522 Transfers between funds 25,544 Net movement in funds 62,066 Fund balances brought forward 120,992 Fund balances carried forward (4) 183,058 |
2021 Restricted funds £ 253,718 - - - - - - 253,718 115,095 21,106 45 300 377 842 2,268 1,087 2,547 2,375 1,655 718 2,948 34,879 3,194 4,000 6,492 379 708 14 3,000 - 2,958 - 206,987 46,731 (25,544) 21,187 58,668 79,855 |
2021 2020 Total Total funds funds £ £ Restated 309,537 157,839 4,042 52,281 1,440 9,350 - 3,518 536 (1) 1,008 1,551 3,000 1,353 483 318,459 227,479 118,058 112,654 29,106 42,100 45 251 300 1,637 387 2,552 1,753 9,452 2,654 7,303 1,087 1,374 3,058 8,478 2,831 3,540 1,655 2,097 1,673 1,676 6,060 3,967 34,979 6,018 3,194 - 4,000 - 8,256 2,105 379 84 1,455 296 287 1,615 3,163 775 3,208 - 2,961 4,084 4,657 1,808 235,206 213,866 83,253 13,613 - - 83,253 13,613 179,660 166,047 262,913 (1) 179,660 |
|---|---|---|
All incoming resources and resources expended derive from continuing activities.
7
Hive Bradford
Balance sheet as at 31 March 2021
| 2021 Unrestricted £ Fixed assets Tangible assets (5) 10,828 Total fixed assets 10,828 Current assets Debtors and prepayments (6) 14,496 Cash at bank and in hand (7) 158,418 Total current assets 172,914 Current liabilities: amounts falling due within one year Creditors and accruals (8) 684 Total current liabilities 684 Net current assets 172,230 Total assets less current liabilities 183,058 Net assets 183,058 Funds Unrestricted funds 183,058 Restricted funds - Total funds 183,058 |
2021 Restricted £ - - 3,601 78,707 82,308 2,453 2,453 79,855 79,855 79,855 - 79,855 79,855 |
2021 2020 Total Total £ £ Restated 10,828 4,091 10,828 4,091 18,097 (1) 7,900 237,125 (1) 176,952 255,222 184,852 3,137 9,283 3,137 9,283 252,085 175,569 262,913 179,660 262,913 179,660 183,058 120,991 79,855 58,669 262,913 179,660 |
|---|---|---|
For the year ending 31 March 2021 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who are also the directors for the purposes of company law) acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).
The financial statements were approved by the board of trustees on
Date: ……………………………………………
Signed: …………………………………………… (Trustee)
Name: ……………………………………………
8
Hive Bradford
Notes to the accounts for the year ended 31 March 2021
1 Accounting policies
Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
There has been no change to the accounting policies since last year.
In preparing these accounts it was noticed that £677 of bank interest had been mistakenly accrued last year, whilst £198 had been omitted. The opening balance for this year therefore differs by £479, and the previous year's income should be reduced by £479, with cash balance increased by £198 and debtors balance reduced by £677. There were also two errors in note 3: the social security costs were overstated by £3,000 and should have been £4,566, whilst the average number of employees was overstated and should have been 9.6 (5.4 FTE).
In previous years employment allowance was shown separately as income, whilst this year it has been netted off payroll expenditure.
Going concern
At the time of signing these accounts the charity has been impacted by the global COVID-19 virus. The trustees have reassessed the charity’s ability to continue for at least 12 months from the date the accounts are approved and conclude that no material uncertainties exist that cast significant doubt on the charity’s ability to continue as a going concern.
Incoming resources
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
Grants and donations
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.
Expenditure and liabilities
Expenditure is recognised on an accrual basis as a liability is incurred.
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Tangible fixed assets
Tangible fixed assets costing more than £1,200 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt.
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives (3 years for computer equipment, 4 years for other equipment).
Pensions
The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
Leases
Rents under operating leases are charged on a straight line basis over the lease term or to an earlier date if the lease can be determined without financial penalty.
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Hive Bradford
Notes to the accounts for the year ended 31 March 2021
| 2 Grants, contracts and donations 2021 Unrestricted funds £ Emergency Response - Culture Recovery - Baring Foundation COVID-19 response 8,250 Arts & Investment Grant 18,500 COVID-19 10,000 Justart 9,000 Bradford Met. District Council / Participate VCS Transformation - Brelms Trust POP - Clothworkers Foundation COVID-19 capital - Co-op Community Fund 2,933 Comic Relief COVID-19 room hire - Donation Tools - Fundraising 158 Gifts and donations 6,828 Henry Smith Charity Flourish - Worn Stories - COVID-19 - HMRC Job Retention Scheme - Leeds Community Foundation Resilience - Thrive - Thrive Development - Here and There - Shipley Town Council Fire door - Yorkshire Building Society COVID-19 salaries - Other unrestricted grants and contracts * 150 55,819 Arts Council Bradford Met. District Council Heritage Lottery Fund National Lottery Community Fund - Reaching Communities |
2021 Restricted funds £ 25,246 48,081 - - - - 6,400 4,950 4,390 - 4,000 500 - - 15,350 - 5,000 30,874 10,000 - 44,267 51,860 800 2,000 - 253,718 |
2021 Total funds £ 25,246 48,081 8,250 18,500 10,000 9,000 6,400 4,950 4,390 2,933 4,000 500 158 6,828 15,350 - 5,000 30,874 10,000 - 44,267 51,860 800 2,000 150 309,537 |
2020 Total funds £ - - - 18,500 - 9,000 - 4,950 - - - - 712 2,528 28,900 592 - - - 21,382 - 21,702 - - 49,573 157,839 |
|---|---|---|---|
- This includes the return of £3,208 for a youth work commissioning which was curtailed by the pandemic.
| 3 Staff costs and numbers Gross salaries Social security costs Employment allowance Payroll fees Furlough fees Pensions Pension fees |
2021 £ 113,589 4,866 (4,000) 1,410 600 1,485 108 118,058 |
2020 £ 108,147 4,566 (3,000) 1,356 - 1,308 276 112,654 |
|---|---|---|
The average number of employees during the year was 9.9, being an average of 5.5 full time equivalent (2019-20: 9.6, 5.4 FTE - previously stated as 10.6, 6.0 FTE). There were no employees with emoluments above £60,000.
| Defined contribution pension scheme | 2021 £ | 2020 £ |
|---|---|---|
| Costs of the scheme to the charity for the year | 1,593 | 1,584 |
| Amount of any contributions outstanding at the year end | - | - |
| Amount of any contributions prepaid at the year end | - | - |
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Hive Bradford
| Notes to the accounts for the year ended 31 March 2021 4 Restricted funds Balance b/f £ C19 Emergency AR - 25,246 11,096 C19 Recovery AT - 48,081 48,081 Bradford & District Association for Mental Health Development R 11,035 - 5,990 Brelms Trust POP AV 954 4,950 2,399 Clothworkers Foundation C19 Equipment AX - 4,390 4,390 Comic Relief C19 Room hire AZ - 4,000 4,000 Donation Tools BR - 500 500 Garfield Weston Foundation POP BB 7,139 - 7,139 Give Bradford C19 Resilience BD - 10,000 10,000 Hays Travel POP BF 2,525 - 2,525 Henry Smith Charity Flourish L 17,743 15,350 15,241 Heritage Lottery C19 Response BJ - 5,000 5,000 HMRC Job Retention Scheme Furlough J - 30,874 30,874 Here and There BH - 51,860 40,466 Thrive BT 302 - 302 Thrive develop't N 11,334 44,267 9,348 NLCF - Awards for All Social toolkit AP 6,994 - 6,994 Scurrah Wainwright Charity Roma C'munity BL 517 - 517 Shipley Town Council Fire door BP - 800 - VCS Transformation Fund CAU costs P - 6,400 - WW Spooner Charitable Trust Make at Hive BN 125 - 125 Yorkshire Building Society C19 Salaries BV - 2,000 2,000 58,668 253,718 206,987 58668 82 206987 95 Incoming £ Outgoing £ Arts Council National Lottery Community Fund (NLCF) - Reaching Communities |
(continued) Balance c/f £ (14,150) - - - - 5,045 - 3,505 - - - - - - - - - - - - - 17,852 - - - - (11,394) - - - - 46,253 - - - - - 800 - 6,400 - - - - (25,544) 79,855 Transfers £ |
|---|---|
Fund name
Thrive / Thrive Development
Here and There
POP Social toolkit B&DAMH Development
Make at Hive
Flourish
Roma Community
COVID-19 (various)
COVID-19 Emergency / Recovery (Arts Council)
Furlough Tools Fire door CAU costs (VCS)
Purpose of restriction
Creative engagement promoting volunteering for people with mental health issues, originally taking place at Hive but now in the wider community.
Development of infrastructure and delivery of arts and wellbeing activities in person and online simultaneously, with CommunityWorks (Undercliffe), Shine (West Bowling) and Roshni Ghar (Keighley). £11,394 was transferred out of this fund for the cost of a van, which will be depreciated over the next four years. Creative team building for young people with mental health issues. Practical handicraft sessions for men with complex issues. Development projects.
Creative drop-in sessions, including provision of supported access referrals for people with mental health issues.
Creative programme to improve representation, access to support services, and wellbeing, and to build support networks for vulnerable new communities, in West Bowling, Undercliffe and Keighley.
Creative activities with Roma Community in Undercliffe, with CommunityWorks.
Emergency COVID-19 funding for equipment for remote delivery (Clothworkers), extra space for distancing (Comic Relief), staff time to deliver remote or online activities (YBS, Heritage Lottery Fund), and building resilience (Give Bradford). Funding to subsidise lost revenue; to deliver online, remote, and in person creative activities; and to set up a creative helpline for those unfamiliar with technology. £14,150 was transferred out of the emergency fund as it was subsidising lost income from student fees, membership and room hire due to COVID-19. The Government's Job Retention Scheme
Donation to fund woodworking tools Contribution to replacement of external fire door Survey costs for the Community Asset Transfer
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Hive Bradford
Notes to the accounts for the year ended 31 March 2021
| o 5 6 7 **8 ** |
tes to the accounts for the year ended 31 March 2021 (continued) Tangible assets Vehicles and equipment £ Computers £ Total £ Cost At 1 April 2020 11,324 4,125 15,449 Additions 11,394 - 11,394 At 31 March 2021 22,718 4,125 26,843 Depreciation At 1 April 2020 7,233 4,125 11,358 Charge for year 4,657 - 4,657 At 31 March 2021 11,890 4,125 16,015 Net book value At 31 March 2021 10,828 - 10,828 At 31 March 2020 4,091 - 4,091 Debtors and prepayments 2021 £ 2020 £ Debtors Justart project 7,500 4,500 Student placements 1,183 - Restricted grants 3,281 - Unrestricted grants 4,625 - Direct Commissionings / Room Hire 150 420 Prepayments Insurance (previous year copier and alarm too) 320 859 Salaries prepayment 1,038 2,122 18,097 7,900 Cash at bank and in hand 2021 £ 2020 £ Current account 65,616 34,672 Deposit accounts 170,441 141,582 PayPal 1,003 661 Petty cash 64 38 237,125 176,952 Creditors and accruals 2021 £ 2020 £ Creditors Direct projects costs (artists,materials,marketing,training) Di 1,698 7,138 Overheads (utilities, copier, cleaning, maintenance, security) Ov 125 1,139 Professional fees Fe 630 255 Independent examination Ye 684 684 Course refunds Re - 67 3,137 9,283 |
|---|---|
9 Related party transactions
Trustee expenses
No trustee received any expenses during this year or the previous year.
Trustee remuneration and benefits
No trustee received any remuneration or benefit during this or the previous year.
Remuneration and benefits received by key management personnel
The key management personnel of the charity comprises the Manager only. The total employee benefits of the key management personnel of the charity were £23,236 (2020: £25,045)
10 Operating leases
| Within one year In the second to fifth years inclusive (No payments are committed over five years from the balance sheet date) Expected future minimum lease payments over the remaining life of the lease, analysed into the period in which the commitment falls due: |
- - - Land and buildings £ |
Copier £ 2,064 5,160 7,224 |
|---|---|---|
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Hive Bradford
Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account)
for the year ended 31 March 2021
| 2021 2020 Unrestricted Unrestricted funds funds £ £ Income from: Grants, contracts and donations 55,819 45,868 Sales and fees 4,042 52,281 Membership fees 1,440 9,350 Room hire income - 3,518 Bank interest 536 1,008 Other income 1,551 3,000 Community Arts Umbrella income 1,353 483 Total income 64,741 115,508 Expenditure on: Salaries, NIC, pensions and payroll fees 2,963 55,400 Sub-contractors (artists) 8,000 39,400 Travel and subsistence expenses - 23 Training and recruitment - - Volunteer and participant expenses 10 - Rent, rates and insurance 911 6,074 Utilities 386 4,288 Internet and telephone - 442 Materials 511 885 Printing, stationery and office supplies 456 3,000 Marketing and publicity - - Professional fees 955 1,676 Accounting (incl. examination) 3,112 3,967 Equipment 100 575 Van - - Room hire - - Cleaning and maintenance 1,764 833 Subscriptions - - Security 747 173 Bank Service Charges 273 1,615 Community Arts Umbrella 163 775 Repayment of cancelled commission 3,208 - Other Direct Costs (sundries) 3 1,512 Depreciation 4,657 1,808 Total expenditure 28,219 122,446 Net income / (expenditure) 36,522 (6,938) Transfers between funds 25,544 1,997 Net movement in funds 62,066 (4,941) Fund balances brought forward 120,992 125,932 Fund balances carried forward 183,058 120,991 |
2021 Restricted funds £ 253,718 - - - - - - 253,718 115,095 21,106 45 300 377 842 2,268 1,087 2,547 2,375 1,655 718 2,948 34,879 3,194 4,000 6,492 379 708 14 3,000 - 2,958 - 206,987 46,731 (25,544) 21,187 58,668 79,855 |
2020 Restricted funds £ 111,971 - - - - - - 111,971 57,254 2,700 228 1,637 2,552 3,378 3,015 932 7,593 540 2,097 - - 5,443 - - 1,272 84 123 - - - 2,572 - 91,420 20,551 (1,997) 18,554 40,115 58,669 |
2021 Total funds £ 309,537 4,042 1,440 - 536 1,551 1,353 318,459 118,058 29,106 45 300 387 1,753 2,654 1,087 3,058 2,831 1,655 1,673 6,060 34,979 3,194 4,000 8,256 379 1,455 287 3,163 3,208 2,961 4,657 235,206 83,253 - 83,253 179,660 262,913 |
2020 Total funds £ 157,839 52,281 9,350 3,518 1,008 3,000 483 227,479 112,654 42,100 251 1,637 2,552 9,452 7,303 1,374 8,478 3,540 2,097 1,676 3,967 6,018 - - 2,105 84 296 1,615 775 - 4,084 1,808 213,866 13,613 - 13,613 166,047 179,660 |
|---|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
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