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← Hive Bradford

2024-03-31-accounts

Hive Bradford

Charity number 1100741

A company limited by guarantee number 04720047

Annual Report and Financial Statements

for the year ended 31 March 2024

Hive Bradford

Annual Report and Financial Statements

for the year ended 31 March 2024

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 2024

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 Elaine Hankinson From July 2023 John Hird From April 2023 Karen Steenson Oliver Engley From May 2023 Raymond Higgins Susan Bale Chair, Treasurer To June 2024 Hannah Robson From May 2023 to June 2024 Jeannie Crowther To May 2024 Sue Rana To December 2023 Michael Kennedy To June 2023 Clive Whittaker To April 2023 Company secretary Karen Steenson 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 (to August 2024) 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.

2

Hive Bradford

Trustees' report (continued) for the year ended 31 March 2024

Objectives and activities (continued)

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.

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 works to promote the inclusion of:

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 also supports local economy and community regeneration through involvement in local events, working in and fostering partnership, creating employment and volunteering opportunities, local procurement and access to workshop facilities.

Achievements and performance

This has been a significant year for Hive for the first time in 40 years we relocated all our services to different venues to accommodate a large scale, much needed, refurbishment of the building that we share with the Kirkgate Centre.

The refurbishment project, costing around £3 million, has been managed by the Old School Building Company (OSBC) which is made up of trustees from Hive and Kirkgate Centre. They worked tirelessly throughout the year to undertake a Community Asset Transfer on the building, plan and oversee the building works and obtain additional funding where needed. The project was established with funding from Power to Change to undertake a feasibility study. The Architectural Heritage Fund supported the completion of surveys, initial architects fees and valuable project management costs. Shipley Towns Fund provided £2.51 million towards capital expenditure and Community Ownership Fund and Bradford 2025 Capital funding provided important additional funding.

In July, representatives from the Shipley Towns Fund Board - including Chair Adam Clerkin, Councillor Alex Ross Shaw, and Chair of Shipley Town Council Mike Connors - visited the building and met representatives of the OSBC, Hive and Kirkgate Community Centre, in order to kick start of the project.

At that time Hive relocated to St Peters Church and spent time getting our temporary "Birklands Room" ready for the new academic year starting in September. We laid a new floor, thanks to a donation of plywood and time by one of our committee members. Staff and volunteers were involved in painting the activity room and the office of our new temporary premises and in relocating the cupboards moved from the Hive building. We would like to thank Jenni, Kerry, Annabel, Martin, Natasha and Katherine from St Peters for being so kind and for making us feel really welcome in our temporary space and we hope this partnership will continue for a long time.

At the same time pottery tutors, Hive staff and volunteers moved our pottery materials to Bradford College. This became an exciting opportunity for potters to experience a larger space with additional equipment to try new techniques. Thanks go to Sally Storr, Liz Danby, Jane Hurford, and Tony Carlton (Arts Technician at Bradford College) for managing this new partnership - which again we hope to continue.

Our woodwork drop-in services relocated to Shipley Men’s Shed, a large portacabin based at the Northcliffe Environmental Enterprise’s Team venue in Northcliffe Park. We would like to thank James from Hale project for letting us share their space for free during the year.

3

Hive Bradford

Trustees' report (continued) for the year ended 31 March 2024

Achievements and performance (continued)

Planning, organising and downsizing and moving Hive into 3 separate venues was a huge project for Hive and we cannot thank enough everyone that volunteered to help out with the move, raising funds for the new Birklands room and generally being there to support staff during this challenging and exciting year.

Although this work took up a large amount of the year Hive remained committed to delivering it’s core programme of courses throughout the year including Painting and Drawing, Life Drawing, Printmaking, Needle felting, Knitting and Crochet, Sewing, Stained Glass and Creative Journalling. To encourage participation at the new venues we held regular visits to them and despite fears that the change would affect attendance on our courses, our courses filled up as usual.

We would like to thank all our tutors and members for their patience and continued support during this period. Hive also committed to delivering its outreach programme for vulnerable adults during this year, continuing to provide services for people with mental health issues, refugees and asylum seekers, warm spaces supported drop-in and work with young people at risk during this period. These projects provide vital services across Bradford, support Hive’s objectives and the organisation as a whole.

We continued our very popular free social and wellbeing activities that are well used by mental health partners as a point of referral for people leaving statutory mental health services, these are year-round creative drop-in groups providing informal learning, social engagement and wellbeing for people with mental health issues and include Chat and Craft, Drop in and Draw and Woodwork.

Hive continued it’s partnership with Lynfield Mount holding 20 sessions in the acute ward originally funded by the Lottery and then contracted by Lynfield Mount with funding attained from the Keith Howard Foundation.

Hive provided a Warm Space during the winter of 2023 for approximately 50 people at St Peters Church.

We took part in Shipley Summer and Christmas Activities providing Wreath Making Activities at Shipley Library. Working at the library on these events helped Hive to develop a project called Leaf working with people furthest from employment to create an outdoor creative and learning space in Shipley Library Garden.

Hive completed a 14-year project in December 2024 originally funded by Ecominds (a partnership of Mind and Lottery) and then funded by Lottery for initially 5 and then 3 years. This project (Thrive) specifically targeted at people with mental health issues and from diverse cultural background provided a creative peer support model based on the Five Ways to Wellbeing and had been funded over several years due to this success. This project helped to highlight our unique model of supporting people and established our reputation as a key referral opportunity for mental health partners in Bradford.

During this period Hive also developed a model for working with new communities and in this year, Bradford Microgrants funded a research piece of work into cultural representation in our work which helped establish new partnerships for Hive to develop a project working with refugees and asylum seekers which will be starting in January 2025. This project will work with unaccompanied male refugees housed in Bradford Hotels in partnership with Mears Housing Group, CommunityWorks which will fill a gap in services and help establish a particularly vulnerable group of service users.

Some feedback from Thrive in 2023:

"I never thought I would be able to join a group and make new friends"

"My support worker bought me to hive so that I would have something to do each week… I was scared… I don’t need my support worker to bring me anymore… I got on a bus today on my own for the first time"

"Over the years I have had a lot of traumas from relationships and education… I’ve struggled to live my life… Thrive has given me a safe space to come to… everyone is so friendly."

"I taught a class today and showed everyone how to weave their dreamcatchers, I was very nervous but the group was kind to me and let me take my time."

"I've been able to pass on everything I have learnt on Thrive to the new group… I’m hoping to volunteer and work on some projects in the community… helping people really makes me feel better in my own life… I can’t thank Hive enough for everything they have done to help me."

4

Hive Bradford

Trustees' report (continued) for the year ended 31 March 2024

Financial review

The net expenditure for the year was £68,108, including net expenditure of £32,347 on restricted funds and net expenditure of £35,761 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 £84,871 - £127,306). 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 £103,622 (2023: £136,535), 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

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 13/12/24

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 2024, 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: 11/12/2024

West Yorkshire Community Accountancy Service CIO

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 2024

Notes
2024
Unrestricted
funds
£
Income from:
Grants, contracts and donations
(2)
9,275
Sales and fees
45,541
Membership fees
3,096
Room hire income
50
Bank interest
4,672
Other income
2,260
Community Arts Umbrella income
-
Total income
64,894
Expenditure on:
Staff costs
(3)
51,769
Sub-contractors (artists)
24,461
Travel and subsistence expenses
1
Training and recruitment
139
Volunteer and participant expenses
449
Rent, rates and insurance
7,144
Utilities
3,455
Internet and telephone
822
Materials
1,398
Printing, stationery and office supplies
1,279
Marketing and publicity
-
Professional fees
2,000
Accounting (incl. examination)
733
Equipment
53
Van
204
Cleaning and maintenance
634
Subscriptions
256
Security
152
Bank Service Charges
945
Governance
192
Community Arts Umbrella costs
-
Other Direct Costs (sundries)
1,720
Depreciation
2,849
Total expenditure
100,655
Net income / (expenditure)
(35,761)
Transfers between funds
-
Net movement in funds
(35,761)
Fund balances brought forward
139,383
Fund balances carried forward
(4)
103,622		 2024
Restricted
funds
£
36,739
-
-
-
-
-
-
36,739
48,184
4,997
51
540
593
4,635
3,497
190
2,918
1,273
200
-
-
451
-
1,360
55
-
-
142
-
-
-
69,086
(32,347)
-
(32,347)
39,494
7,147		 2024
Total
funds
£
46,014
45,541
3,096
50
4,672
2,260
-
101,633
99,953
29,458
52
679
1,042
11,779
6,952
1,012
4,316
2,552
200
2,000
733
504
204
1,994
311
152
945
334
-
1,720
2,849
169,741
(68,108)
-
(68,108)
178,877
110,769		 2023
Total
funds
£
112,895
50,389
5,660
1,100
199
-
193
170,436
104,572
40,424
278
1,053
1,402
2,133
6,304
1,002
6,862
2,703
614
1,673
6,269
2,284
2,865
6,701
343
237
955
279
420
371
3,324
193,068
(22,632)
-
(22,632)
201,509
178,877

All incoming resources and resources expended derive from continuing activities.

7

Hive Bradford

Balance sheet as at 31 March 2024

2024
Unrestricted
£
Fixed assets
Tangible assets
(5)
-
Total fixed assets
-
Current assets
Debtors and prepayments
(6)
8,924
Cash at bank and in hand
(7)
99,028
Total current assets
107,952
Current liabilities:
amounts falling due within one year
Creditors and accruals
(8)
4,330
Total current liabilities
4,330
Net current assets
103,622
Total assets less current liabilities
103,622
Net assets
103,622
Funds
Unrestricted funds
103,622
Restricted funds
-
Total funds
103,622		 2024
Restricted
£
-
-
-
7,302
7,302
155
155
7,147
7,147
7,147
-
7,147
7,147		 2024
Total
£
-
-
8,924
106,330
115,254
4,485
4,485
110,769
110,769
110,769
103,622
7,147
110,769		 2023
Total
£
2,848
2,848
3,366
181,571
184,937
8,908
8,908
176,029
178,877
178,877
139,383
39,494
178,877

For the year ending 31 March 2024 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: 13/12/2024

Signed: Karen Steenson

(Trustee)

Name: Dr Karen Steenson

8

Hive Bradford

Notes to the accounts for the year ended 31 March 2024

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

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

Hive Bradford

Notes to the accounts for the year ended 31 March 2024

2 Grants, contracts and donations
2024
Unrestricted
funds £
Asda Foundation
Tables
-
Community Buildings
-
Mental Wellbeing
-
Regular Funded Org
-
Warm/Welcome Spaces
-
Fundraising
1,177
Gifts and donations (including Gift Aid)
4,648
Haysac Foundation
Wellbeing
-
Other unrestricted grants and contracts
3,450
9,275
3 Staff costs and numbers
Gross salaries
Social security costs
Employment allowance
Payroll fees
Pensions
Pension fees
Accreditation fees
Redundancy
Total salaried staff
Invoiced pay
Total salaried staff
Bradford Met. District Council		 2024
Restricted
funds £
1,291
2,000
8,710
15,000
2,738
-
-
7,000
-
36,739		 2024
Total
funds £
1,291
2,000
8,710
15,000
2,738
1,177
4,648
7,000
3,450
46,014
2024 £
86,516
5,921
(5,000)
743
1,693
139
79
3,552
93,643
6,310
99,953		 2023
Total
funds £
-
-
-
1,000
223
780
-
105,214
112,895
2023 £
100,954
5,778
(5,000)
988
1,624
229
-
-
104,572
-
104,572

The average number of employees during the year was 4.8, being an average of 3.5 full time equivalent (2022-23: 7.2, 4.6 FTE).

(2022-23: 7.2, 4.6 FTE).
There were no employees with emoluments above £60,000.
Defined contribution pension scheme 2024 £ 2023 £
Costs of the scheme to the charity for the year 1,832 1,853
Amount of any contributions outstanding at the year end - -
Amount of any contributions prepaid at the year end - -

10

(continued)

Hive Bradford

Notes to the accounts for the year ended 31 March 2024

4 Restricted funds
Balance
b/f £
Asda
Tables
C
-
Bradford & District Association
for Mental Health
Development
H
1,510
Community
Buildings
D
-
Louisa Pesel
K
1,013
L
-
M
-
N
-
Mental
Wellbeing
F
-
RFO
E
-
Haysacs Foundation
Mental
wellbeing
G
-
Leeds Community Foundation
Cultural Incl.
O
2,500
National Lottery Community
Fund (NLCF) - Awards for All
Mamari
P
4,958
Morrisons
Flourish
Q
8,206
National Lottery Community
Fund (NLCF) - Reaching
Communities
Thrive
Development
S
21,307
39,494
Bradford Metropolitan District
Council
Warm Spaces /
Welcome
Spaces		 1,291
-
2,000
-
-
1,938
800
8,710
15,000
7,000
-
-
-
-
36,739
Incoming
£		 -
430
2,000
1,013
-
1,938
800
5,783
15,000
5,151
2,500
4,958
8,206
21,307
69,086
Outgoing
£		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Transfers
£		 Balance
c/f £
1,291
1,080
-
-
-
-
-
2,927
-
1,849
-
-
-
-
7,147

Fund name Asda B&DAMH Development Community Buildings Louisa Pesel / Together with Needle & Thread Warm Spaces / Welcome Spaces Regular Funded Organisations (RFO) Haysacs Foundation / Mental Wellbeing

Cultural Inclusion

Mamari

Flourish

Thrive / Thrive Development

Purpose of restriction

Purchase of new tables following refurbishment Development projects. Contribution towards the costs of running community buildings Project exploring the legacy of Bradford embroiderer Louisa Pesel with refugees and asylum seekers, through textiles and wellbeing activities. Providing a warm (winter) or welcome (summer) space for people to gather and socialise.

Core costs of delivering Hive's work

Mental wellbeing through creative drop-ins and outreach activities

Cultural inclusion research in planning the refurbished building layout and facilities.

Using creative processes to explore the journeys that refugees and asylum seekers have made to get to this country and their future journeys. 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 engagement promoting volunteering for people with mental health issues, originally taking place at Hive but now in the wider community.

11

Hive Bradford

Notes to the accounts for the year ended 31 March 2024

(continued)

5
6
7
**8 **		 Tangible assets
Vehicles and equipment £
Computers £
Cost
At 1 April 2023
22,718
4,125
Disposals
(3,162)
(4,125)
At 31 March 2024
19,556
-
Depreciation
At 1 April 2023
19,870
4,125
Depreciation reversed re. disposals
(3,162)
(4,125)
Charge for year
2,849
-
At 31 March 2024
19,556
-
Net book value
At 31 March 2023
2,849
-
At 31 March 2024
-
-
Debtors and prepayments
2024 £
Debtors
Copier Refunds
2,676
Direct Commissionings / Room Hire
1,600
Prepayments
Insurance / Van insurance
1,688
Salaries prepayment
2,960
8,924
Cash at bank and in hand
2024 £
Current account
6,632
Deposit accounts
98,833
PayPal
814
Cash control
48
Petty cash
3
106,330
Creditors and accruals
2024 £
Creditors
Direct projects costs (artists,materials,marketing,training)
Di
3,212
Overheads (utilities, copier, cleaning, maintenance, security)Ov
553
Independent examination
Ye
720
4,485		 Total £
26,843
(7,287)
19,556
23,995
(7,287)
2,849
19,556
2,849
-
2023 £
-
85
1,513
1,768
3,366
2023 £
23,654
140,569
17,287
-
62
181,571
2023 £
7,712
477
718
8,908

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 £30,011 (2023: £28,917)

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:		 2,160
7,020
9,180
2024 £		 2023 £
2,064
1,032
3,096

12

Hive Bradford

Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2024

2024
2023
Unrestricted Unrestricted
funds
funds
£
£
Income from:
Grants, contracts and donations
9,275
21,681
Sales and fees
45,541
50,389
Membership fees
3,096
5,660
Room hire income
50
1,100
Bank interest
4,672
199
Community Arts Umbrella income
-
193
Total income
64,894
79,222
Expenditure on:
Staff costs
51,769
27,319
Sub-contractors (artists)
24,461
31,576
Travel and subsistence expenses
1
29
Training and recruitment
139
-
Volunteer and participant expenses
449
61
Rent, rates and insurance
7,144
1,802
Utilities
3,455
498
Internet and telephone
822
677
Materials
1,398
404
Printing, stationery and office supplies
1,279
871
Marketing and publicity
-
-
Professional fees
2,000
1,673
Accounting (incl. examination)
733
6,269
Equipment
53
332
Van
204
2,865
Cleaning and maintenance
634
6,036
Subscriptions
256
288
Security
152
237
Bank Service Charges
945
955
Governance
192
230
Community Arts Umbrella costs
-
20
Other Direct Costs (sundries)
1,720
371
Depreciation
2,849
3,324
Total expenditure
100,655
85,837
Net income / (expenditure)
(35,761)
(6,615)
Transfers between funds
-
-
Net movement in funds
(35,761)
(6,615)
Fund balances brought forward
139,383
145,998
Fund balances carried forward
103,622
139,383		 2024
Restricted
funds
£
36,739
-
-
-
-
-
36,739
48,184
4,997
51
540
593
4,635
3,497
190
2,918
1,273
200
-
-
451
-
1,360
55
-
-
142
-
-
-
69,086
(32,347)
-
(32,347)
39,494
7,147		 2023
Restricted
funds
£
91,214
-
-
-
-
-
91,214
77,253
8,848
249
1,053
1,341
331
5,806
325
6,458
1,832
614
-
-
1,952
-
665
55
-
-
49
400
-
-
107,231
(16,017)
-
(16,017)
55,511
39,494		 2024
Total
funds
£
46,014
45,541
3,096
50
4,672
-
101,633
99,953
29,458
52
679
1,042
11,779
6,952
1,012
4,316
2,552
200
2,000
733
504
204
1,994
311
152
945
334
-
1,720
2,849
169,741
(68,108)
-
(68,108)
178,877
110,769		 2023
Total
funds
£
112,895
50,389
5,660
1,100
199
193
170,436
104,572
40,424
278
1,053
1,402
2,133
6,304
1,002
6,862
2,703
614
1,673
6,269
2,284
2,865
6,701
343
237
955
279
420
371
3,324
193,068
(22,632)
-
(22,632)
201,509
178,877

All incoming resources and resources expended derive from continuing activities.

13