| 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
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 |
|---|---|---|
| Susan Bale | Chair (from January 2022) | |
| Steve Mackay | Chair (to January 2022) | |
| Clive Whittaker | From February 2022 | |
| Jeannie Crowther | ||
| Karen Steenson | ||
| Michael Kennedy | ||
| Peter Walton | To September 2022 | |
| Sue Rana | ||
| Company secretary | ||
| Karen Steenson | (from January 2022) | |
| Susan Bale | (to January 2022) | |
| 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
Simon Bostrom FCIE
West Yorkshire Community Accountancy Service CIO, 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. It is governed by a memorandum and articles of association as amended by special resolutions on 22 October 2003 and 4 April 2017. 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 confidence.
2
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
After a year of opening for short periods of time and then going back into lockdown. Hive fully reopened its doors on 17th May 2021 with COVID safety restrictions in place. Initially we opened for pre-booked socially-distanced drop-ins and a mixture of hybrid online and in-person courses.
Simon, who had worked with us for many years as a woodwork tutor, technician and operations coordinator, retired in September 2021 and we would like to thank him for all his hard work at Hive.
Our regular full programme of courses began again in September 2021 with all-time favourites such as ceramics and stained glass filling up quickly as people were keen to get back into doing something creative. A new woodwork tutor, Emily, came on board and started to deliver beginner and intermediate woodwork courses, and classes for home-schooled children.
Our regular supported drop-ins, including chat and craft and drop-in and draw, began again. These sessions are particularly focussed on wellbeing, and slowly throughout the year we have increased the number of referrals from long-established mental health partners as confidence was building in taking part in group activities.
Thrive, our wellbeing project, was extended for an extra year due to the COVID disruption and staff illness, and is now due to run until December 2023. Work on the project this year has included work with Making Space and Empowered Lives, as well as a new partnership with Oasis Academy’s Community Hub delivering wellbeing events and projects. Sessions have been delivered in person and via Zoom allowing for a wider engagement with hard-to-reach communities during the pandemic. Thrive has supported a team of volunteers, recruited through partner organisations, to deliver a successful wellbeing project exploring cultural in arts and crafts.
Flourish, our project working with refugees and asylum seekers, continued to work with Roshni Ghar in Keighley and Shine in West Bowling as well as forming a new partnership with Bradford Refugee Forum. A mixture of indoor, outdoor and Zoom sessions helped to keep groups engaged. We held an exhibition of completed work from November 2021 to March 2022 at Bradford Industrial Museum, and some of this work is going to be kept as part of their permanent display. Flourish groups are also working on ceramic plates for our 40th birthday celebrations.
3
Achievements and performance (continued)
Several years ago Hive and our upstairs neighbours, the Kirkgate Centre, established the Community Arts Umbrella (CAU) together, an organisation to manage the future of our beloved building. They submitted a Business Plan and application to the council for a Community Asset Transfer of the building, which has been stalled for some time, and more recently put together a bid to Shipley Towns Fund for renovations to both floors as part of a wider investment in Shipley through the Town Investment Plan or TIP.
The bid was successful in its first stage, subject to a more in-depth business case submitted to Government. The business case included proposed designs for the building and a consultation took place with Hive and Kirkgate Centre members between January and April 2022. As this report is being written, the business case is about to be submitted to Government, whilst the Community Asset Transfer has been approved subject to lease terms. Work should begin on renovating the building in spring 2023.
Our Christmas Fair and our AGM was held on 4th December 2021, which was an opportunity to introduce the initial plans for the project to our members, as well as enjoying the usual creative Christmassy fun.
This year we have significantly adapted our ways of working and upgraded our systems to enable better communication both internally and externally, and to allow us to work more flexible from home or in the office. This has had a massive impact on the way we work and will help us when we have to relocate during the building renovations. We are currently looking for a temporary base in the centre of Shipley whilst the renovations are taking place, so that we can continue some of our activities and keep people updated during the process.
In March 2022, as a result of an additional restrictions grant from Bradford Council, Hive were able to employ ten artist support workers to shadow our current tutors in the delivery of our creative classes. Once they have completed this programme we hope to support them further to develop their creative practises and deliver their own classes.
Hive is 40 years old in 2022 and we are planning a celebration day on July 23rd, including showcasing an archive of old photos of Hive (and Kirkgate Studios and Workshop) we have been building to commemorate this occasion.
This has been a challenging year for Hive to re-establish face-to-face services after long periods of full or partial closure and ongoing concerns about COVID-19, particular amongst some of our more vulnerable members. We would like to thank everyone that has supported us during this time and continued to make use of our services. We look forward to a bright future with a rejuvenated building.
4
Financial review
The net expenditure for the year was £61,404, including net expenditure of £24,344 on restricted funds and net expenditure of £37,060 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 £105,152 - £157,727). 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 £139,826 (2021: £172,557), 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 Karen Steenson (Trustee)
Name Dr Karen Steenson
Date 10/12/2022
5
I report to the charity on my examination of the accounts of the charitable company for the year ended 31 March 2022, 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: Simon Bostrom Name: Simon Bostrom
Relevant professional qualification or body: FCIE
Date: 14/12/2022
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
6
| Notes 2022 Unrestricted funds £ Income from: Grants, contracts and donations (2) 38,391 Sales and fees 33,101 Membership fees 3,615 Room hire income 280 Bank interest 371 Other income - Community Arts Umbrella income 373 Total income 76,131 Expenditure on: Salaries, NIC, pensions and payroll fees (3) 51,867 Sub-contractors (artists) 36,654 Travel and subsistence expenses - Training and recruitment 336 Volunteer and participant expenses 116 Rent, rates and insurance 497 Utilities 2,640 Internet and telephone 522 Materials 830 Printing, stationery and office supplies 1,112 Marketing and publicity 12 Professional fees 1,157 Accounting (incl. examination) 5,470 Equipment 613 Van 999 Room hire - Cleaning and maintenance 3,585 Subscriptions - Security 74 Bank Service Charges 738 Governance 84 Community Arts Umbrella 863 Repayment of cancelled commission - Other Direct Costs (sundries) 365 Depreciation 4,657 Total expenditure 113,191 Net income / (expenditure) (37,060) Transfers between funds - Net movement in funds (37,060) Fund balances brought forward 183,058 Fund balances carried forward (4) 145,998 |
2022 Restricted funds £ 67,607 - - - - - - 67,607 65,065 - 172 860 802 580 1,675 619 3,299 1,411 498 516 275 2,320 296 - 4,087 374 144 - - 6,000 - 2,958 - 91,951 (24,344) - (24,344) 79,855 55,511 |
2022 Total funds £ 105,998 33,101 3,615 280 371 - 373 143,738 116,932 36,654 172 1,196 918 1,077 4,315 1,141 4,129 2,523 510 1,673 5,745 2,933 1,295 - 7,672 374 218 738 84 6,863 - 3,323 4,657 205,142 (61,404) - (61,404) 262,913 201,509 |
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 |
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
7
| 2022 Unrestricted £ Fixed assets Tangible assets (5) 6,172 Total fixed assets 6,172 Current assets Debtors and prepayments (6) 15,565 Cash at bank and in hand (7) 132,203 Total current assets 147,768 Current liabilities: amounts falling due within one year Creditors and accruals (8) 7,942 Total current liabilities 7,942 Net current assets 139,826 Total assets less current liabilities 145,998 Net assets 145,998 Funds Unrestricted funds 145,998 Restricted funds - Total funds 145,998 |
2022 Restricted £ - - 331 73,804 74,135 18,624 18,624 55,511 55,511 55,511 - 55,511 55,511 |
2022 Total £ 6,172 6,172 15,896 206,007 221,903 26,566 26,566 195,337 201,509 201,509 145,998 55,511 201,509 |
2021 Total £ 10,828 10,828 18,097 237,125 255,222 3,137 3,137 252,085 262,913 262,913 183,058 79,855 262,913 |
|---|---|---|---|
For the year ending 31 March 2022 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: 10/12/2022
Signed: Karen Steenson
(Trustee)
Name: Dr Karen Steenson
8
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.
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.
9
| 2 Grants, contracts and donations 2022 Unrestricted funds £ Arts Council C19 Recovery - Arts & Investment Grant 18,500 Justart 15,000 Fundraising 17 Gifts and donations 3,945 Henry Smith Charity Flourish - HMRC Job Retention Scheme - National Lottery Community Fund - Reaching Communities Thrive Development - COVID-19 response and recovery grants - Other restricted grants - Other unrestricted grants and contracts 929 38,391 3 Staff costs and numbers Gross salaries Social security costs Employment allowance Payroll fees Furlough fees Pensions Pension fees Bradford Met. District Council |
2022 Restricted funds £ 3,919 - - - - 15,350 8,470 39,868 - - - 67,607 |
2022 Total funds £ 3,919 18,500 15,000 17 3,945 15,350 8,470 39,868 - - 929 105,998 2022 £ 112,014 5,470 (4,000) 1,202 420 1,583 242 116,932 |
2021 Total funds £ 48,081 18,500 9,000 158 7,328 15,350 30,874 44,267 120,746 15,083 150 309,537 2021 £ 113,589 4,866 (4,000) 1,410 600 1,485 108 118,058 |
|---|---|---|---|
The average number of employees during the year was 8.3, being an average of 5.2 full time equivalent (2020-21: 9.9, 5.5 FTE).
| (2020-21: 9.9, 5.5 FTE). | ||
|---|---|---|
| There were no employees with emoluments above £60,000. | ||
| Defined contribution pension scheme | 2022 £ | 2021 £ |
| Costs of the scheme to the charity for the year | 1,825 | 1,593 |
| Amount of any contributions outstanding at the year end | - | - |
| Amount of any contributions prepaid at the year end | - | - |
10
| 4 Restricted funds Balance b/f £ Arts Council C19 Recovery AN - Bradford & District Association for Mental Health Development R 5,045 Brelms Trust POP AP 3,505 Henry Smith Charity Flourish AV 17,852 HMRC Job Retention Scheme Furlough AT - National Lottery Community Fund (NLCF) - Reaching Communities Thrive Development N 46,253 Shipley Town Council Fire door AX 800 VCS Transformation Fund CAU costs P 6,400 79,855 |
3,919 - - 15,350 8,470 39,868 - - 67,607 Incoming £ |
3,919 1,788 3,505 33,202 8,470 34,267 800 6,000 91,951 Outgoing £ |
- - - - - - - - - Transfers £ |
Balance c/f £ - 3,257 - - - 51,854 - 400 55,511 |
|---|---|---|---|---|
Fund name
Thrive / Thrive Development
POP B&DAMH Development
Flourish
COVID-19 Recovery (Arts Council)
Furlough 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. Creative team building for young people with mental health issues. Development projects.
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.
Funding to subsidise courses with lower capacity due to COVID-19, to deliver mixed online, remote, and in person creative activities, to facilitate remote and flexible working, and to set up a creative helpline for those unfamiliar with technology.
The Government's Job Retention Scheme
Contribution to replacement of external fire door Survey costs for the Community Asset Transfer
11
| 5 6 7 **8 ** |
Tangible assets Vehicles and equipment £ Computers £ Cost At 1 April 2021 22,718 4,125 Additions - - At 31 March 2022 22,718 4,125 Depreciation At 1 April 2021 11,890 4,125 Charge for year 4,656 - At 31 March 2022 16,546 4,125 Net book value At 31 March 2021 10,828 - At 31 March 2022 6,172 - Debtors and prepayments 2022 £ Debtors Justart project 6,000 Student placements - Restricted grants - Unrestricted grants 4,625 Bank Interest 233 Direct Commissionings / Room Hire - Prepayments Insurance / Van insurance 2,075 Salaries prepayment 2,962 15,896 Cash at bank and in hand 2022 £ Current account 37,787 Deposit accounts 160,369 PayPal 7,824 Petty cash 27 206,007 Creditors and accruals 2022 £ Creditors Direct projects costs (artists,materials,marketing,training) Di 6,090 Overheads (utilities, copier, cleaning, maintenance, security) Ov 1,827 Professional fees Fe 504 Independent examination Ye 684 Unearned income Grants received in advance Gr 17,460 Grants of £12,500 (BMDC Arts Recovery Grant) and £4,960 (CNET 26,566 Woodwork Wednesdays) were received at the end of March for projects starting in April 2022, against which expenditure could not be made until the project start date. |
Total £ 26,843 - 26,843 16,015 4,656 20,671 10,828 6,172 2021 £ 7,500 1,183 3,281 4,625 - 150 320 1,038 18,097 2021 £ 65,616 170,441 1,003 64 237,125 2021 £ 1,698 125 630 684 - 3,137 |
|---|---|---|
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 £27,912 (2021: £23,236)
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 3,096 5,160 |
|---|---|---|
12
| 2022 2021 Unrestricted Unrestricted funds funds £ £ Income from: Grants, contracts and donations 38,391 55,819 Sales and fees 33,101 4,042 Membership fees 3,615 1,440 Room hire income 280 - Bank interest 371 536 Other income - 1,551 Community Arts Umbrella income 373 1,353 Total income 76,131 64,741 Expenditure on: Salaries, NIC, pensions and payroll fees 51,867 2,963 Sub-contractors (artists) 36,654 8,000 Travel and subsistence expenses - - Training and recruitment 336 - Volunteer and participant expenses 116 10 Rent, rates and insurance 497 911 Utilities 2,640 386 Internet and telephone 522 - Materials 830 511 Printing, stationery and office supplies 1,112 456 Marketing and publicity 12 - Professional fees 1,157 955 Accounting (incl. examination) 5,470 3,112 Equipment 613 100 Van 999 - Room hire - - Cleaning and maintenance 3,585 1,764 Subscriptions - - Security 74 747 Bank Service Charges 738 273 Governance 84 - Community Arts Umbrella 863 163 Repayment of cancelled commission - 3,208 Other Direct Costs (sundries) 365 3 Depreciation 4,657 4,657 Total expenditure 113,191 28,219 Net income / (expenditure) (37,060) 36,523 Transfers between funds - 25,544 Net movement in funds (37,060) 62,067 Fund balances brought forward 183,058 125,932 Fund balances carried forward 145,998 187,999 |
2022 Restricted funds £ 67,607 - - - - - - 67,607 65,065 - 172 860 802 580 1,675 619 3,299 1,411 498 516 275 2,320 296 - 4,087 374 144 - - 6,000 - 2,958 - 91,951 (24,344) - (24,344) 79,855 55,511 |
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 40,115 61,301 |
2022 Total funds £ 105,998 33,101 3,615 280 371 - 373 143,738 116,932 36,654 172 1,196 918 1,077 4,315 1,141 4,129 2,523 510 1,673 5,745 2,933 1,295 - 7,672 374 218 738 84 6,863 - 3,323 4,657 205,142 (61,404) - (61,404) 262,913 201,509 |
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 |
|---|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
13
| 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
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 |
|---|---|---|
| Susan Bale | Chair (from January 2022) | |
| Steve Mackay | Chair (to January 2022) | |
| Clive Whittaker | From February 2022 | |
| Jeannie Crowther | ||
| Karen Steenson | ||
| Michael Kennedy | ||
| Peter Walton | To September 2022 | |
| Sue Rana | ||
| Company secretary | ||
| Karen Steenson | (from January 2022) | |
| Susan Bale | (to January 2022) | |
| 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
Simon Bostrom FCIE
West Yorkshire Community Accountancy Service CIO, 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. It is governed by a memorandum and articles of association as amended by special resolutions on 22 October 2003 and 4 April 2017. 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 confidence.
2
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
After a year of opening for short periods of time and then going back into lockdown. Hive fully reopened its doors on 17th May 2021 with COVID safety restrictions in place. Initially we opened for pre-booked socially-distanced drop-ins and a mixture of hybrid online and in-person courses.
Simon, who had worked with us for many years as a woodwork tutor, technician and operations coordinator, retired in September 2021 and we would like to thank him for all his hard work at Hive.
Our regular full programme of courses began again in September 2021 with all-time favourites such as ceramics and stained glass filling up quickly as people were keen to get back into doing something creative. A new woodwork tutor, Emily, came on board and started to deliver beginner and intermediate woodwork courses, and classes for home-schooled children.
Our regular supported drop-ins, including chat and craft and drop-in and draw, began again. These sessions are particularly focussed on wellbeing, and slowly throughout the year we have increased the number of referrals from long-established mental health partners as confidence was building in taking part in group activities.
Thrive, our wellbeing project, was extended for an extra year due to the COVID disruption and staff illness, and is now due to run until December 2023. Work on the project this year has included work with Making Space and Empowered Lives, as well as a new partnership with Oasis Academy’s Community Hub delivering wellbeing events and projects. Sessions have been delivered in person and via Zoom allowing for a wider engagement with hard-to-reach communities during the pandemic. Thrive has supported a team of volunteers, recruited through partner organisations, to deliver a successful wellbeing project exploring cultural in arts and crafts.
Flourish, our project working with refugees and asylum seekers, continued to work with Roshni Ghar in Keighley and Shine in West Bowling as well as forming a new partnership with Bradford Refugee Forum. A mixture of indoor, outdoor and Zoom sessions helped to keep groups engaged. We held an exhibition of completed work from November 2021 to March 2022 at Bradford Industrial Museum, and some of this work is going to be kept as part of their permanent display. Flourish groups are also working on ceramic plates for our 40th birthday celebrations.
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Achievements and performance (continued)
Several years ago Hive and our upstairs neighbours, the Kirkgate Centre, established the Community Arts Umbrella (CAU) together, an organisation to manage the future of our beloved building. They submitted a Business Plan and application to the council for a Community Asset Transfer of the building, which has been stalled for some time, and more recently put together a bid to Shipley Towns Fund for renovations to both floors as part of a wider investment in Shipley through the Town Investment Plan or TIP.
The bid was successful in its first stage, subject to a more in-depth business case submitted to Government. The business case included proposed designs for the building and a consultation took place with Hive and Kirkgate Centre members between January and April 2022. As this report is being written, the business case is about to be submitted to Government, whilst the Community Asset Transfer has been approved subject to lease terms. Work should begin on renovating the building in spring 2023.
Our Christmas Fair and our AGM was held on 4th December 2021, which was an opportunity to introduce the initial plans for the project to our members, as well as enjoying the usual creative Christmassy fun.
This year we have significantly adapted our ways of working and upgraded our systems to enable better communication both internally and externally, and to allow us to work more flexible from home or in the office. This has had a massive impact on the way we work and will help us when we have to relocate during the building renovations. We are currently looking for a temporary base in the centre of Shipley whilst the renovations are taking place, so that we can continue some of our activities and keep people updated during the process.
In March 2022, as a result of an additional restrictions grant from Bradford Council, Hive were able to employ ten artist support workers to shadow our current tutors in the delivery of our creative classes. Once they have completed this programme we hope to support them further to develop their creative practises and deliver their own classes.
Hive is 40 years old in 2022 and we are planning a celebration day on July 23rd, including showcasing an archive of old photos of Hive (and Kirkgate Studios and Workshop) we have been building to commemorate this occasion.
This has been a challenging year for Hive to re-establish face-to-face services after long periods of full or partial closure and ongoing concerns about COVID-19, particular amongst some of our more vulnerable members. We would like to thank everyone that has supported us during this time and continued to make use of our services. We look forward to a bright future with a rejuvenated building.
4
Financial review
The net expenditure for the year was £61,404, including net expenditure of £24,344 on restricted funds and net expenditure of £37,060 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 £105,152 - £157,727). 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 £139,826 (2021: £172,557), 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 Karen Steenson (Trustee)
Name Dr Karen Steenson
Date 10/12/2022
5
I report to the charity on my examination of the accounts of the charitable company for the year ended 31 March 2022, 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: Simon Bostrom Name: Simon Bostrom
Relevant professional qualification or body: FCIE
Date: 14/12/2022
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
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| Notes 2022 Unrestricted funds £ Income from: Grants, contracts and donations (2) 38,391 Sales and fees 33,101 Membership fees 3,615 Room hire income 280 Bank interest 371 Other income - Community Arts Umbrella income 373 Total income 76,131 Expenditure on: Salaries, NIC, pensions and payroll fees (3) 51,867 Sub-contractors (artists) 36,654 Travel and subsistence expenses - Training and recruitment 336 Volunteer and participant expenses 116 Rent, rates and insurance 497 Utilities 2,640 Internet and telephone 522 Materials 830 Printing, stationery and office supplies 1,112 Marketing and publicity 12 Professional fees 1,157 Accounting (incl. examination) 5,470 Equipment 613 Van 999 Room hire - Cleaning and maintenance 3,585 Subscriptions - Security 74 Bank Service Charges 738 Governance 84 Community Arts Umbrella 863 Repayment of cancelled commission - Other Direct Costs (sundries) 365 Depreciation 4,657 Total expenditure 113,191 Net income / (expenditure) (37,060) Transfers between funds - Net movement in funds (37,060) Fund balances brought forward 183,058 Fund balances carried forward (4) 145,998 |
2022 Restricted funds £ 67,607 - - - - - - 67,607 65,065 - 172 860 802 580 1,675 619 3,299 1,411 498 516 275 2,320 296 - 4,087 374 144 - - 6,000 - 2,958 - 91,951 (24,344) - (24,344) 79,855 55,511 |
2022 Total funds £ 105,998 33,101 3,615 280 371 - 373 143,738 116,932 36,654 172 1,196 918 1,077 4,315 1,141 4,129 2,523 510 1,673 5,745 2,933 1,295 - 7,672 374 218 738 84 6,863 - 3,323 4,657 205,142 (61,404) - (61,404) 262,913 201,509 |
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 |
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
7
| 2022 Unrestricted £ Fixed assets Tangible assets (5) 6,172 Total fixed assets 6,172 Current assets Debtors and prepayments (6) 15,565 Cash at bank and in hand (7) 132,203 Total current assets 147,768 Current liabilities: amounts falling due within one year Creditors and accruals (8) 7,942 Total current liabilities 7,942 Net current assets 139,826 Total assets less current liabilities 145,998 Net assets 145,998 Funds Unrestricted funds 145,998 Restricted funds - Total funds 145,998 |
2022 Restricted £ - - 331 73,804 74,135 18,624 18,624 55,511 55,511 55,511 - 55,511 55,511 |
2022 Total £ 6,172 6,172 15,896 206,007 221,903 26,566 26,566 195,337 201,509 201,509 145,998 55,511 201,509 |
2021 Total £ 10,828 10,828 18,097 237,125 255,222 3,137 3,137 252,085 262,913 262,913 183,058 79,855 262,913 |
|---|---|---|---|
For the year ending 31 March 2022 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: 10/12/2022
Signed: Karen Steenson
(Trustee)
Name: Dr Karen Steenson
8
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.
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.
9
| 2 Grants, contracts and donations 2022 Unrestricted funds £ Arts Council C19 Recovery - Arts & Investment Grant 18,500 Justart 15,000 Fundraising 17 Gifts and donations 3,945 Henry Smith Charity Flourish - HMRC Job Retention Scheme - National Lottery Community Fund - Reaching Communities Thrive Development - COVID-19 response and recovery grants - Other restricted grants - Other unrestricted grants and contracts 929 38,391 3 Staff costs and numbers Gross salaries Social security costs Employment allowance Payroll fees Furlough fees Pensions Pension fees Bradford Met. District Council |
2022 Restricted funds £ 3,919 - - - - 15,350 8,470 39,868 - - - 67,607 |
2022 Total funds £ 3,919 18,500 15,000 17 3,945 15,350 8,470 39,868 - - 929 105,998 2022 £ 112,014 5,470 (4,000) 1,202 420 1,583 242 116,932 |
2021 Total funds £ 48,081 18,500 9,000 158 7,328 15,350 30,874 44,267 120,746 15,083 150 309,537 2021 £ 113,589 4,866 (4,000) 1,410 600 1,485 108 118,058 |
|---|---|---|---|
The average number of employees during the year was 8.3, being an average of 5.2 full time equivalent (2020-21: 9.9, 5.5 FTE).
| (2020-21: 9.9, 5.5 FTE). | ||
|---|---|---|
| There were no employees with emoluments above £60,000. | ||
| Defined contribution pension scheme | 2022 £ | 2021 £ |
| Costs of the scheme to the charity for the year | 1,825 | 1,593 |
| Amount of any contributions outstanding at the year end | - | - |
| Amount of any contributions prepaid at the year end | - | - |
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| 4 Restricted funds Balance b/f £ Arts Council C19 Recovery AN - Bradford & District Association for Mental Health Development R 5,045 Brelms Trust POP AP 3,505 Henry Smith Charity Flourish AV 17,852 HMRC Job Retention Scheme Furlough AT - National Lottery Community Fund (NLCF) - Reaching Communities Thrive Development N 46,253 Shipley Town Council Fire door AX 800 VCS Transformation Fund CAU costs P 6,400 79,855 |
3,919 - - 15,350 8,470 39,868 - - 67,607 Incoming £ |
3,919 1,788 3,505 33,202 8,470 34,267 800 6,000 91,951 Outgoing £ |
- - - - - - - - - Transfers £ |
Balance c/f £ - 3,257 - - - 51,854 - 400 55,511 |
|---|---|---|---|---|
Fund name
Thrive / Thrive Development
POP B&DAMH Development
Flourish
COVID-19 Recovery (Arts Council)
Furlough 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. Creative team building for young people with mental health issues. Development projects.
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.
Funding to subsidise courses with lower capacity due to COVID-19, to deliver mixed online, remote, and in person creative activities, to facilitate remote and flexible working, and to set up a creative helpline for those unfamiliar with technology.
The Government's Job Retention Scheme
Contribution to replacement of external fire door Survey costs for the Community Asset Transfer
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| 5 6 7 **8 ** |
Tangible assets Vehicles and equipment £ Computers £ Cost At 1 April 2021 22,718 4,125 Additions - - At 31 March 2022 22,718 4,125 Depreciation At 1 April 2021 11,890 4,125 Charge for year 4,656 - At 31 March 2022 16,546 4,125 Net book value At 31 March 2021 10,828 - At 31 March 2022 6,172 - Debtors and prepayments 2022 £ Debtors Justart project 6,000 Student placements - Restricted grants - Unrestricted grants 4,625 Bank Interest 233 Direct Commissionings / Room Hire - Prepayments Insurance / Van insurance 2,075 Salaries prepayment 2,962 15,896 Cash at bank and in hand 2022 £ Current account 37,787 Deposit accounts 160,369 PayPal 7,824 Petty cash 27 206,007 Creditors and accruals 2022 £ Creditors Direct projects costs (artists,materials,marketing,training) Di 6,090 Overheads (utilities, copier, cleaning, maintenance, security) Ov 1,827 Professional fees Fe 504 Independent examination Ye 684 Unearned income Grants received in advance Gr 17,460 Grants of £12,500 (BMDC Arts Recovery Grant) and £4,960 (CNET 26,566 Woodwork Wednesdays) were received at the end of March for projects starting in April 2022, against which expenditure could not be made until the project start date. |
Total £ 26,843 - 26,843 16,015 4,656 20,671 10,828 6,172 2021 £ 7,500 1,183 3,281 4,625 - 150 320 1,038 18,097 2021 £ 65,616 170,441 1,003 64 237,125 2021 £ 1,698 125 630 684 - 3,137 |
|---|---|---|
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 £27,912 (2021: £23,236)
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 3,096 5,160 |
|---|---|---|
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| 2022 2021 Unrestricted Unrestricted funds funds £ £ Income from: Grants, contracts and donations 38,391 55,819 Sales and fees 33,101 4,042 Membership fees 3,615 1,440 Room hire income 280 - Bank interest 371 536 Other income - 1,551 Community Arts Umbrella income 373 1,353 Total income 76,131 64,741 Expenditure on: Salaries, NIC, pensions and payroll fees 51,867 2,963 Sub-contractors (artists) 36,654 8,000 Travel and subsistence expenses - - Training and recruitment 336 - Volunteer and participant expenses 116 10 Rent, rates and insurance 497 911 Utilities 2,640 386 Internet and telephone 522 - Materials 830 511 Printing, stationery and office supplies 1,112 456 Marketing and publicity 12 - Professional fees 1,157 955 Accounting (incl. examination) 5,470 3,112 Equipment 613 100 Van 999 - Room hire - - Cleaning and maintenance 3,585 1,764 Subscriptions - - Security 74 747 Bank Service Charges 738 273 Governance 84 - Community Arts Umbrella 863 163 Repayment of cancelled commission - 3,208 Other Direct Costs (sundries) 365 3 Depreciation 4,657 4,657 Total expenditure 113,191 28,219 Net income / (expenditure) (37,060) 36,523 Transfers between funds - 25,544 Net movement in funds (37,060) 62,067 Fund balances brought forward 183,058 125,932 Fund balances carried forward 145,998 187,999 |
2022 Restricted funds £ 67,607 - - - - - - 67,607 65,065 - 172 860 802 580 1,675 619 3,299 1,411 498 516 275 2,320 296 - 4,087 374 144 - - 6,000 - 2,958 - 91,951 (24,344) - (24,344) 79,855 55,511 |
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 40,115 61,301 |
2022 Total funds £ 105,998 33,101 3,615 280 371 - 373 143,738 116,932 36,654 172 1,196 918 1,077 4,315 1,141 4,129 2,523 510 1,673 5,745 2,933 1,295 - 7,672 374 218 738 84 6,863 - 3,323 4,657 205,142 (61,404) - (61,404) 262,913 201,509 |
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 |
|---|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
13
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 2022, 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: Simon Bostrom
Relevant professional qualification or body: FCIE
Date: ………14/12/2022……..
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
6