The Hub-Yeovil Community Support Charity (A Charitable Company Limited by Guarantee)
Annual Report and Financial Statements
For the Year Ended 31 December 2024
Company Number: 07358159 Charity Registered in England and Wales Number: 1159016
The Hub-Yeovil Community Support Charity Contents For the Year Ended 31 December 2024
| Reference and Administrative Details Trustee Directors’ Report Independent Examiners’ Report Statement of Financial Activities Balance Sheet Cash flow statement Notes to the Financial Statements |
Page 2 3 – 13 14 15 16 – 17 18 19 – 30 |
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Page 1
The Hub-Yeovil Community Support Charity Reference and Administrative Details For the Year Ended 31 December 2024
| Trustees | N A Downton (Chair) |
|---|---|
| J Bowes | |
| L Eveleigh | |
| J A Matthews | |
| J S McCabe | |
| D Scarratt | |
| Principal Address and Registered Office | 13 Buckland Road |
| Pen Mill Trading Estate | |
| Yeovil | |
| Somerset | |
| BA21 5EA | |
| Chief Executive Officer | K Comber |
| Company Registration Number | 07358159 |
| Charity Registration Number | 1159016 |
| Independent Examiner | Michelle Ferris FCA DChA |
| Albert Goodman LLP | |
| Goodwood House | |
| Blackbrook Park Avenue | |
| Taunton | |
| Somerset | |
| TA1 2PX | |
| Bankers | CAF Bank |
| 25 Kings Hill Avenue | |
| Kings Hill | |
| West Malling | |
| Kent, ME19 4TA | |
| Solicitors | Battens Solicitors |
| Mansion House | |
| Princes St | |
| Yeovil | |
| Somerset | |
| BA20 1EP |
Page 2
The Hub-Yeovil Community Support Charity Trustee Directors’ Report For the Year Ended 31 December 2024
The Trustees (who are also the Directors for the purpose of Company Law) have pleasure in presenting their annual report and the financial statements for the year ended 31 December 2024. The provisions of the Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP FRS 102- implemented 1 January 2019) have been adopted in preparing the annual report and financial statements of the charity.
Public benefit
The trustees report that the charitable activities, described in the “Mission statement”, “Activities” and “Achievements and performance” paragraphs, are for the public benefit. The trustees also confirm that they have complied with section 17(5) of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity was established as a company limited by guarantee (incorporated 26 August 2010) and registered as a charity with the Charity Commission (registered 29 October 2014). The affairs of the charity are governed by its memorandum and articles under which the members of the company are its trustees and control of the charity and its property and funds.
The Trustees serving during the year and since the year end are as follows:
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N A Downton
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J Bowes
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L Eveleigh
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J A Matthews
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J S McCabe
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D Scarratt
Recruitment and appointment of trustees
A robust process is in place for the recruitment and appointment of trustees. Trustees carry out a skills gap analysis before recruiting and now advertise widely to find people with the required skills and experience.
Induction and training of trustees
Newly appointed trustees are provided with a comprehensive induction process including the provision of appropriate documentation re roles and responsibilities, a tour of the organisation and mentoring by established trustees.
Arrangements for setting key management personnel remuneration
The trustees employ staff to run the day to day activities of the charity, with strategic decisions being taken at a trustee level.
The Chief Executive Officer and the Operations Manager are considered to be key management personnel.
The Trustees meet at least quarterly and delegate all operational decisions and running of the Hub to the CEO. The trustee board is independent from the management team. The day-to-day management is then delegated onto the Operations Manager.
The Chair carries out an annual appraisal of the Chief Executive Officer and agrees their salary with the other trustees. This review will include benchmarking of salaries with other CEOs of local charities or similar organisations.
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The Hub-Yeovil Community Support Charity Trustee Directors’ Report For the Year Ended 31 December 2024
Objectives and activities
Object and aims
The objects of the Charity, as set out in the governing document, are:
"Restricted specifically, only for the public benefit to relieve the needs of young people and adults with learning disabilities / difficulties, physical disabilities, and emotional and social difficulties, in particular by providing training, skills and support that will enable them to lead meaningful and independent lives, fulfil their aspirations to work and make positive contributions to society.”
We review our aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months.
The review also helps us ensure our aim, objectives and activities remain focused on our stated purposes.
Our overall Vision is “Adults with learning disabilities and autism enjoy equal access to leisure, learning and employment, leading fulfilling lives where they can achieve their goals, be part of the community and realise their true potential.”
Our Mission is “We work with adults with learning disabilities and autism to provide support, training and life skills that make a meaningful difference to how independently they can live their lives.”
Achievements
Demand continues to grow for our services. In 2024 we increased from 72 trainees (service users) to 75 trainees (4.2% increase) attending, our highest number ever. The number of trainees days per week has increased slightly from 170 to 171. This small increase demonstrates that the Local Authorities are reducing the days funding of new referrals. In addition, our experience is that funding is taking a lot longer to achieve for new referrals as the Local Authorities go through a period of significant change including large scale redundancies.
One of our key successes in 2024 was the growth of our Wellbeing Team. Thanks to the National Lottery in 2023 we were awarded £98,197 spread over three years to finance a Wellbeing Co-ordinator. This role has been so successful that we have grown the team. The Wellbeing Co-ordinator now has three 1:1 Support Workers reporting to him. The team support two trainees who both attend 4 days per and need additional support, but also provide support to new referrals, welcome trainees on arrival, help to reduce anxieties of individuals, help to improve mental wellbeing, are in regular contact with parents/carers about any issues or support needs, devise bespoke support plans and provide additional support to trainees when needed, etc. The team also take some of the pressure of Work Coaches running sessions as they can provide additional support for a group member who is unable to fully participate in the session or is disturbing the environment for other people.
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The Hub-Yeovil Community Support Charity Trustee Directors’ Report For the Year Ended 31 December 2024
Case Study 1
X joined the Hub in September 2024. He is 20 years old and is autistic. He struggles with social skills, anxiety and depression. In addition, he also has a peanut allergy for which he has an epi-pen.
When he joined us he had recently left Child and Adolescent Mental Health Services. X was very anxious when he first arrived, shy and introverted and needed lots of support and reassurance. He was often very anxious about joining sessions and had periods of depression.
The Wellbeing Co-ordinator and his team have provided a lot of support of X, working closely with his parents. We have also liaised with his social worker who has visited X at the Hub.
Over the last 9 months the support of X has helped him grow in confidence. He now has friends at the Hub. He particularly likes football and started off by joining the football sessions and has recently joined the Hub football team that plays 4 or 5 matches on Sundays, once per month, in the Somerset Football Association Disability Counts League. X said “I have never played in a football team before” and was very excited about playing. He plays in goal and the first 4 games he played the Hub won every game! Being part of a team has helped his self-esteem and to be less anxious. Where he was excluded before at school, he is now included in the football team. Sport is also good for his physical and mental wellbeing.
We have also seen X’s confidence grow when he went with a group of Hub trainees to watch Yeovil Town FC play in a loud stadium with three thousand spectators and lots of potential triggers, which he would not have been able to do a few months ago.
X now has greater opportunities to do more as his confidence grows, and his anxiety and depression reduces.
Case Study 2
Y is autistic and has global development delay. She has attended the Hub for several years and attends 5 days per week. The Hub has always been fortunate that generally it sees the “best side” of Y– very talkative, bubbly, friendly to trainees and staff etc. However, at home Y could be aggressive and physically violent towards her parents. She suffered from disrupted sleep and would get up in the middle of the night and be very aggressive when challenged. There were also occasions where she threatened to self-harm by trying to jump out of a moving car or jump from her bedroom window.
Our Wellbeing Co-ordinator met with Y’s parents on several occasions to discuss why things were different at the Hub to how they were at home. He also encouraged the parents to attend a free 6-week course at the Hub to help them with difficult challenges at home. This course was run by a specialist life coach and SEN consultant. The Wellbeing Co-ordinator also facilitated help from the NHS Learning Disabilities team who attended the Hub to talk to and observe Y.
The result of these interventions is that Y’s parents and staff at the Hub employ consistent techniques to help regulate Y. Consequently, things are a lot better at home for Y and her parents. At the Hub we have also seen Y become more focused and recently has been having work experience in our café where she learnt how to use the electronic till and card machine and was a great success serving customers.
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The Hub-Yeovil Community Support Charity Trustee Directors’ Report For the Year Ended 31 December 2024
In the last twelve months we have continued to improve our relationships with Social Services, special educational needs schools, colleges, the NHS, etc. We also have much better two-way communication with parents and carers. We have become so much more than just a day-service provider with increased support for the trainees’ families.
We recognised that the getting funding for your child with learning disabilities and autism is becoming far more difficult and takes approximately 8-9 months when it used to take 2-3 months. As a result, the Hub funds a specialist Special Educational Needs consultant who will provide advocacy and support for parents/carers and help them with their funding applications, Benefit and PIP entitlements, etc.
Our reputation for providing varied and excellent sessions for our trainees continues to grow. We strive to provide sessions that will stretch individuals, in a safe environment, to reach their full potential and to become as independent as possible.
In 2024 we worked with another organisation and ran two hairdressing and beauty therapy courses which included AQA certificates for our trainees. We also did two very popular filming projects – one where our trainees made a promotional film about the Hub in one day and the other was the production of an animated musical over 8 weeks. Another great success was where eight of our trainees were given the opportunity to do stewarding at Glastonbury Festival. Other new popular sessions in 2024 included boxing, martial arts, gaming and nature walks. These were in addition to our established sessions of woodwork, maintenance, therapy horse riding, nature conservation, cricket, football, other sports, art therapy, digital skills, work experience in our café, kitchen and scrapstore, work experience at Leonardo Helicopters, make to sell, mind and body, media recycling, themed learning, design and explore, creative reading and writing, music, photography, life skills, interactive dance, bike refurbishment, etc.
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Our community café and scrapstore footfall and sales have continued to increase in 2024. In 2023 the income from the café and scrapstore was £123,710 but this has risen to £138,627 in 2024 (12% increase). The café and scrapstore have become valued in the local community with lots of regular customers and groups.
Our staffing numbers have increased from an average monthly head count of 22 in 2023 to 25 in 2024. The most pleasing element of our recruitment in 2024 is that we have appointed two more of our trainees to work part-time in the café and now have 4 paid trainees on our payroll.
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The Hub-Yeovil Community Support Charity Trustee Directors’ Report For the Year Ended 31 December 2024
There have been challenges in the year. In particular, we had unprecedented staff sickness. Despite record levels of staff absence we have continued to thrive. We have implemented a comprehensive staff training and development programme. We carried out a mini-restructure which has seen the promotion of two individuals. Two members of staff also attended a 10-week management training programme. Furthermore, we have procured the services of a counsellor that staff can meet in person or online to discuss confidentially any wellbeing issues they may have.
As stated in the 2023 Trustees report our financial business model introduced in 2021 is financially viable and sustainable. Trainee income plus income form the café and scrapstore is sufficient to cover our normal operating costs, etc. This means we are no longer as reliant on donations and grants to fund our core activities and where opportunities for additional funding exist or donations are received, we are using these to increase our impact and expand our programme.
We continue to provide challenging, fun, exciting and varied sessions to our trainees to help them become more independent, gain confidence, learn new skills, improve their social engagement and reach their full potential. This may result in trainees moving on from the Hub, including into employment.
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Fundraising disclosures
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The Charity did not have any fundraising events in 2024.
Use of volunteers
The Charity has a small number of dedicated and much valued volunteers. The volunteers support the running of the scrapstore and run our bingo events.
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The Hub-Yeovil Community Support Charity Trustee Directors’ Report For the Year Ended 31 December 2024
Achievements and performance
Key financial performance indicators
Trainee numbers and trainee days are measured and compared monthly. As previously stated, demand continues to grow for our services. In 2024 we increased from 72 trainees (service users) to 75 trainees (4.2% increase) attending, our highest number ever.
Our community café and scrapstore footfall and sales have continued to increase in 2024. In 2023 the income from the café and scrapstore was £123,710 but this has risen to £138,627 in 2024 (12% increase).
A detailed monthly Profit & Loss account is prepared with commentary on activities, and this is sent to the Trustees. Cashflow is monitored on a weekly basis.
- Key non financial performance indicators
Trainees are set goals and their performance against goals measured. Those working in the cafe get the opportunity to attain bronze, silver and gold certificates re catering and food hygiene and barista training. We also award Trainee of the Month certificates.
We also have comprehensive records in place relating to all our trainees including All About Me Forms, Support Plans and Incident and Behaviour Reports. Incident and Behaviour Reports are reviewed monthly.
In additional we monitor the number of new referrals, the successful conversion rates of referrals to trainees, the length of time for referrals to join the Hub, the referral “pipeline”, unsuccessful referrals and the reasons trainees leave the Hub.
Plans for the future
We are halfway through our 3-year strategy. Over the next 18 months we will continue to do more to support the wellbeing, independent living and employment opportunities of people with learning disabilities and autism in Somerset and Dorset.
Our main ambition was to have a second facility dedicated to independent living and employment skills. We are also very keen that we do not have to say no to people wanting to join the Hub. The exciting news is that from 1[st] August we will be subleasing an additional property. The new building will not replicate what we do at the current Hub. It will be completely different. The building will be a centre for employment/social enterprise and also preparation for independent living. We will develop the facility over time, and it will become a site where groups of trainees will go to learn new skills. The main tenant is Sitruna Logistics UK, and we will be sharing the site with them, but we will have our own separate building and car park. Sitruna do warehousing and logistics, primarily for Amazon. They also have a very large warehouse in Buckland Road, very close to the Hub. They have recently donated lots of free items for our Scrapstore and we both see opportunities for working together going forward.
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The Hub-Yeovil Community Support Charity Trustee Directors’ Report For the Year Ended 31 December 2024
We will be recruiting a part-time fundraising officer. We are an ambitious and well-established charity, with a track record of providing high quality experiences for your trainees. Despite limited fundraising resource to date, the Hub is in a stable financial position, making us a resilient and forward-thinking organisation. Our income has grown year-on-year and our desire to grow further is demonstrated by the plans for the development of a new building. With the right fundraising resource in place, the opportunity for income growth is significant. The Hub makes an excellent funding proposition and there are a wide variety of trusts and foundations who align with our goals. We now have a long list of such organisations along with a toolkit to use for funding applications.
Our goal is to be able to provide comprehensive support to trainees and employers to create opportunities that work for people with autism and learning disabilities, and we will seek to create the income to establish new programmes around employment. In addition, we will pilot new ways of delivering work skills for trainees, particularly in our new building.
Another goal will be to continue to expand our support for parents/carers, to help them understand and access the services they need and build long lasting trusting relationships. This will include helping parents/carers improve their own resilience and providing advice on funding, benefits and getting 1:1 support where needed. We want to support our trainees’ families, not just the trainees, due to the ever-reducing support available in the community. We will be resurrecting our Parent/Carer Forum as part of this initiative.
We are looking to introduce a CRM (Customer Relationship Management) system in 2025/2026. In summary, this will mean having all of our trainee records easily accessible on an online system and dispense with our old paper systems.
We will continue to lobby and champion the issues of adults with learning disabilities and autism. We will strive, alongside parents, to ensure that they get the support they require with particular emphasis on working with NHS learning disabilities and autism specialists. We will raise the issues of mental health support at appropriate forums as this is an area that is often underserved. Somerset Council are re-establishing the Somerset Learning Disabilities Forum and we have expressed an interest in joining this and also have been exploring how we can support our trainees with self-advocacy.
Financial review
During the year ended 31 December 2024, the Charity had total income of £766,299 (2023: £696,936) and total expenditure of £739,688 (2023: £633,571). The income and expenditure (including transfers) relating to restricted funds was £32,892 (2023: £37,551) and £37,140 (2023: £40,747).
Total funds at 31 December 2024 were £160,552 (2023: £133,941). This is split between unrestricted £160,552 (2023: £129,402) and restricted £0 (2023: £4,539). Total free reserves as at 31 December 2024 were £101,406 (2023: £60,614).
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The Hub-Yeovil Community Support Charity Trustee Directors’ Report For the Year Ended 31 December 2024
Policy on reserves
This policy exists to describe The Hub’s approach to managing its cash reserves.
Our principles
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We need reserves so that if we’re not hitting our financial targets, we have enough time to make and implement a corrective plan that’s not under undue financial pressure, we believe this should be based around a 6-month timeframe.
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It’s very unlikely that due to our commercial model that all revenue would drop dramatically month to month and for that reason we do not believe that our reserves policy needs to work on the basis of 3 or 6 months full costs - instead working to a modelled 6-month worst case income scenario.
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We will review the reserve amount at least annually or at any time there’s a significant change in the business. Our scale and operating costs at any given time will affect the appropriate level of reserves we should have.
Our approach
When deciding our level of reserves, we’ve used our model based on the analysis below:
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December is typically the worst month for financial performance due to closure for the Christmas and New Year period. We assume the maximum loss for December is £15,000.
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In June and December we currently receive £16,000 from the National Lottery which ends in December 2025. We need to ensure we have adequate reserves to cover this for worst case scenario.
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Where non-December loss making months have occurred the recent worst case is an £5k loss we feel this is representative of a likely worse case for all months except June and December.
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Therefore, if we lost £16,000 in June, £5,000 for the next 4 months and £31,000 in December (£16,000 + £15,000) this equates to reserves of £67,000.
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The Hub is on a firmer financial footing but remains vulnerable to short term ups and downs in our revenue.
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We believe setting the reserve level above the worst-case model is prudent at this time.
For our 2025 financial year the reserve amount should be £90,000.
Principal funding sources
The principal funding sources for the Charity are currently by way of skills development training paid via direct payments, commissioned services by the Local Authority or self-funders. This is supplemented by income from the Hub’s café and scrapstore.
In addition, the Charity receives funding via grants and donations.
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The Hub-Yeovil Community Support Charity Trustee Directors’ Report For the Year Ended 31 December 2024
Major risks and management of those risks
The Charity's main source of income is fees from trainees. The Local Authorities set up a daily rate for day services and this amount is charged to the individual dependent upon how many days they attend the Hub each month. If the Local Authority reduces the daily rate for day services or changes it policy/methodology, this is a risk to the Charity. It is, however, pleasing to note that in April 2025 Somerset Council increased the day rate by 4%.
To mitigate this risk the Charity wants to become less reliant on Local Authority income and plans to continue to increase other sources of income such as grant funding and cafe and scrapstore income. In 2025 the Charity is recruiting an experienced fundraising specialist with the view of increasing funds from trusts and foundations.
Reputational risk
The Charity works with vulnerable adults with learning disabilities and autism. It is essential that the Charity provides professional services in a safe and secure environment.
The Charity has comprehensive safeguarding, whistle-blowing and other policies in place and staff are appropriately vetted and trained.
Government Policy
The Government could change their policies in how they see services for vulnerable adults delivered. The Charity keeps up to date with any Government press releases, changes in legislation and maintains effective relationships with key stakeholders.
Financial instruments
Objectives and policies
The Charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk.
Cash flow risk
The Charity’s activities expose it primarily to the financial risks of changes in interest rates. The Charity does not currently hold any interest-bearing assets or liabilities. Cash flow is monitored on a daily basis.
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The Hub-Yeovil Community Support Charity Trustee Directors’ Report For the Year Ended 31 December 2024
Credit risk
The Charity’s principal financial assets are bank balances and cash, trade and other receivables.
The Charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.
The credit risk on liquid funds is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.
The Charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
Liquidity risk
The Charity's liquidity risk is attributable to its level of cash and credit lines available.
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The Hub-Yeovil Community Support Charity Trustee Directors’ Report For the Year Ended 31 December 2024
Statement of Trustees Responsibilities
The trustees (who are also the directors of The Hub-Yeovil Community Support Charity for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently.
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observe the methods and principles in the Charities SORP.
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make judgements and estimates that are reasonable and prudent.
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state whether applicable UK Accounting Standards have been followed, subject to any material departure disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on 06 August 2025 and signed on its behalf by:
N A Downton Trustee
J S McCabe Trustee
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The Hub-Yeovil Community Support Charity Independent Examiners' Report to the Members and Trustees For the Year Ended 31 December 2024
Independent examiners report to the Trustees of The Hub-Yeovil Community Support Charity
I report to the charity trustees on my examination of the accounts of The Hub-Yeovil Community Support Charity (“the Company”) for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity’s trustees of the 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 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 2011 (“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 Act.
Independent examiner’s statement
Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. 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:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not comply with these records; or
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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
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the accounts have not been prepared in accordance with the methods and principles 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.
Michelle Ferris FCA DChA Albert Goodman LLP Goodwood House Blackbrook Park Avenue Taunton Somerset TA1 2PX
Date: 04 September 2025
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The Hub-Yeovil Community Support Charity Statement of Financial Activities (including an Income and Expenditure account) For the Year Ended 31 December 2024
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Unres- Res- Unres- Res-
tricted tricted 2024 Total tricted tricted 2023 Total
Notes £ £ £ £ £ £
Income and endowments from:
Donations and legacies 2 13,529 32,892 46,421 18,516 37,551 56,067
Charitable activities 3 581,012 - 581,012 517,053 - 517,053
Other trading activities 4 138,627 - 138,627 123,710 - 123,710
Interest 239 - 239 106 - 106
Total income 733,407 32,892 766,299 659,385 37,551 696,936
Expenditure on:
Raising funds 5 55,146 - 55,146 51,785 - 51,785
Charitable activities 6 647,402 37,140 684,542 541,039 40,747 581,786
Total expenditure 702,548 37,140 739,688 592,824 40,747 633,571
- - - -
Other gains/(losses) (85) (85)
Net income/(expenditure) 30,859 (4,248) 26,611 66,476 (3,196) 63,280
Transfers between funds 17 291 (291) - (41) 41 -
Net movement in funds 31,150 (4,539) 26,611 66,435 (3,155) 63,280
Reconciliation of funds
Total funds brought forward 129,402 4,539 133,941 62,967 7,694 70,661
Total funds carried forward 160,552 - 160,552 129,402 4,539 133,941
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The results for the year derive from continuing activities and there are no gains or losses other than those shown above.
The statement of financial activities incorporates the income and expenditure account.
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The Hub-Yeovil Community Support Charity- Company Registration Number: 07358159 Balance Sheet As at 31 December 2024
| Notes Fixed assets Tangible fixed assets 11 Current assets Stocks 12 Debtors 13 Cash at bank and in hand 14 Creditors: Creditors falling due within one year 15 Net current assets Total net assets The funds of the charity: Restricted funds 17 Unrestricted funds 17 Total charity funds |
1,000 4,192 115,086 120,278 (18,872) |
2024 £ 59,146 101,406 160,552 - 160,552 160,552 |
2023 £ 73,327 1,000 2,775 77,450 81,225 (20,611) 60,614 133,941 4,539 129,402 133,941 |
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The Hub-Yeovil Community Support Charity- Company Registration Number: 07358159 Balance Sheet As at 31 December 2024
These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
For the year in question, the charitable company was entitled to exemption from an audit under section 477 of the Companies Act 2006.
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 of the Act.
The trustees/directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the Board of Trustees for issue on 06 August 2025 and signed on their behalf by:
N A Downton Trustee
J S McCabe Trustee
Page 17
The Hub-Yeovil Community Support Charity Cash flow statement For the Year Ended 31 December 2024
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Total Total
2024 2023
£ £
Notes
Cash flows from operating activities
Net movements in funds for the year 26,611 63,280
Adjustments to cash flows from non-cash items
Depreciation and amortisation 11 16,744 15,324
Profit/(loss) on disposal of fixed asset - 85
43,355 78,689
Working capital adjustments
(Increase) / decrease in debtors 13 (1,417) 5,239
(Decrease) / increase in creditors 15 (1,739) 7,462
Net cash flow from operations 40,199 91,390
Cash flows from investing activities
Acquisitions of tangible assets 11 (2,563) (1,846)
Net cash flows from investing activities (2,563) (1,846)
Cash flows from financing activities
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Advancement of loans and borrowings
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Repayment of loans and borrowings (15,000)
Net increase in cash and cash equivalents 37,636 74,544
Reconciliation of net debt
Cash and cash equivalents at the beginning of
the reporting period 77,450 2,906
Net increase in cash and cash equivalents 37,636 74,544
Total cash & cash equivalents at the end of the 115,086 77,450
reporting period
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The Hub-Yeovil Community Support Charity Notes to the Financial Statements For the Year Ended 31 December 2024
1 Accounting Policies
1.1 General information and basis of accounting
The Hub-Yeovil Community Support Charity is a company limited by guarantee incorporated in the United Kingdom under the Companies Act. The maximum liability of each member is limited to £10. The address of the registered office is given on page 2. The nature of the charity’s operations and its principal activities are set out in the Trustees report on pages 3-13.
The financial statements have been prepared in £ sterling on the historical cost basis and in accordance with accounting and reporting by Charities: Statement of Recommended Practice applicable to 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)- (Charities SORP (FRS 102)) and the Companies Act 2006.
The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
1.2 Going concern
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the charity’s ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Income
All income is included in the Statement of Financial Activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income. The valuation of donated services is not quantified within the Statement of Financial Activities.
Donation income is received by way of general grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Income from gift aid is included in the Statement of Financial Activities at the same time as the donation to which they relate.
Income from grants, relating to specifically the provision of goods or services as part of charitable activities or services to clients are included in full in the Statement of Financial Activities when receivable and in the period in which they relate to. Grants are deferred when the monies have been received in advance of the period in which they relate to.
Income from charitable activities is recognised when the charity is entitled to the income. Other trading activities income includes income relating to café and scrap sales and is included in the Statement of Financial Activities at point of sale. Investment income is included when receivable.
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The Hub-Yeovil Community Support Charity Notes to the Financial Statements For the Year Ended 31 December 2024
1.4 Government grants
Government grants are accounted for when unconditionally due and reasonable assurance can be gained that it will be received. Where funds are received in advance, for a specified period, these funds are deferred and recognised in the period to which they relate. Where funds have not been received in a specified period, these funds will be accrued in debtors and recognised in the period to which they relate. Not all grants received have conditions and performance indicators attached, where this is the case, the income is included within donations. Performance related grants are included within Charitable Activities income.
1.5 Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. All expenditure is gross of VAT which cannot be recovered and is reported as part of the expenditure to which it relates.
Raising funds expenditure comprises of costs incurred by the charity in relation to the running of the café and scrapstore.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
1.6 Fixed assets
Depreciation is calculated to write off the cost of fixed assets over their estimated useful lives at the following rate:- Leasehold improvements – depreciated over the life of the lease
Furniture and equipment – 25% per annum straight line basis Motor vehicles- 25% reducing balance
Fixed assets are valued at cost less depreciation. No assets are capitalised under £50. Fixed assets are reviewed annually for impairment.
1.7 Stocks
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO).
1.8 Debtors
Accrued income comprises amounts due from funders and is recognised when the charity is entitled to the grant, receipt is probable and the amount can be measured reliably. Prepayments are valued at the amount prepaid.
1.9 Cash at bank and in hand
Cash at bank and in hand comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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The Hub-Yeovil Community Support Charity Notes to the Financial Statements For the Year Ended 31 December 2024
1.10 Creditors
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount.
1.11 Taxation
The company is a registered charity and is therefore not liable to corporation tax to the extent that income and gains are applied to the charitable objectives of the charity.
1.12 Pension contributions
The charity operates a defined contribution pension scheme. The scheme and its assets are held by independent managers. Contributions are recognised in the Statement of Financial Activities in the period in which they become payable in accordance with the rules of the scheme.
1.13 Fund accounting
General funds are unrestricted funds receivable or generated for the objects of the Bureau without further specified purpose and are available as general funds.
Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets this criterion is charged to the fund, together with a fair allocation of management and support costs.
1.14 Operating leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Rentals payable under operating leases are charged to the Statement of Financial Activities as incurred over the term of the lease. The charity has an operating lease for the premises in which they operate, as well as photocopier and telephone leases. The title of the leased premises and equipment remains with the lessor.
1.15 VAT
The charity is not VAT registered and therefore all costs are inclusive of VAT.
1.16 Financial instruments
The charity only holds basic financial instruments as defined in FRS 102. The financial assets and liabilities of the charity and their measurements are as follows:
Financial assets – trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.
Cash at bank – is classified as a basic financial instrument and is measured at face value.
Financial liabilities – trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.
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The Hub-Yeovil Community Support Charity Notes to the Financial Statements For the Year Ended 31 December 2024
2 Donations and legacies
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Unres- Res- 2024 Unres- Res- 2023
tricted tricted Total tricted tricted Total
£ £ £ £ £ £
-
Donations and gifts 13,529 13,529 13,516 1,000 14,516
Grant income - 32,892 32,892 5,000 36,551 41,551
Total 13,529 32,892 46,421 18,516 37,551 56,067
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3 Incoming from charitable activities
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Unres- Res- 2024 Unres- Res- 2023
tricted tricted Total tricted tricted Total
£ £ £ £ £ £
- -
Trainee funding 581,012 581,012 516,453 516,453
Rental income - - - 600 - 600
Total 581,012 - 581,012 517,053 - 517,053
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4 Income from other trading activities
| Café and scrap sales Total |
Unres- tricted £ 138,627 138,627 |
Res- tricted £ - - |
2024 Total £ 138,627 138,627 |
Unres- tricted £ 123,710 123,710 |
Res- tricted 2023 Total £ £ - 123,710 - 123,710 |
|---|---|---|---|---|---|
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The Hub-Yeovil Community Support Charity Notes to the Financial Statements For the Year Ended 31 December 2024
5 Expenditure on raising funds
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Unres- Res- 2024 Unres- Res- 2023
tricted tricted Total tricted tricted Total
£ £ £ £ £ £
- -
Café and shop costs 55,146 55,146 51,785 51,785
Total 55,146 - 55,146 51,785 - 51,785
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6 Expenditure on charitable activities
| Note Unres- tricted £ Staff costs 471,346 Rent and rates 48,773 Heat and light 19,991 Repairs and maintenance 14,481 Insurance costs 6,200 Motor expenses 6,940 Postage and stationery 3,576 Other charitable expenditure 45,648 Sundry expenses 3,366 Depreciation 16,744 Bank charges 323 Bad debts 1,967 Legal & professional fees 3,117 Accountancy fees 3,670 Governance costs 7 1,260 Total 647,402 |
Res- tricted £ 33,232 - - 2,250 - - - - 1,658 - - - - - - 37,140 |
2024 Total £ 504,578 48,773 19,991 16,731 6,200 6,940 3,576 45,648 5,024 16,744 323 1,967 3,117 3,670 1,260 684,542 |
Unres- tricted £ 384,478 48,109 23,433 13,349 5,786 2,628 3,228 28,030 6,231 15,324 367 - 2,711 6,118 1,247 541,039 |
Res- tricted 2023 Total £ £ 33,050 417,528 - 48,109 - 23,433 3,155 16,504 - 5,786 - 2,628 - 3,228 4,542 32,572 - 6,231 - 15,324 - 367 - - - 2,711 - 6,118 - 1,247 40,747 581,786 |
|---|---|---|---|---|
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The Hub-Yeovil Community Support Charity Notes to the Financial Statements For the Year Ended 31 December 2024
7 Analysis of governance costs
Governance costs
| Examination fees Independent |
Unres- tricted Res- tricted 2024 Total £ £ £ 1,260 - 1,260 1,260 - 1,260 |
Unres- tricted Res- tricted 2023 Total £ £ £ 1,247 - 1,247 1,247 - 1,247 |
|---|---|---|
8 Net incoming/outgoing resources
Net incoming/(outgoing) resources for the year include:
| 2024 2023 |
|
|---|---|
| Operating leases - plant and machinery Operating leases - other assets Depreciation of fixed assets Independent examination fees - current examiner Other accountancy services - current examiner |
£ £ 1,152 1,152 48,333 48,000 16,744 15,324 1,260 1,247 3,670 6,118 |
9 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year (2023: none).
No trustees have received any reimbursed expenses from the charity during the year (2023: none).
No trustee received payment for professional or other services supplied to the charity (2023: £nil).
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The Hub-Yeovil Community Support Charity Notes to the Financial Statements For the Year Ended 31 December 2024
10 Staff costs
Number of employees
The average monthly head count was 25 staff (2023: 22 staff).
Employment costs
The aggregate payroll costs were as follows:
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2024 2023
£ £
Wages and salaries 459,818 380,281
Social security costs 36,072 29,484
Pension costs 8,688 7,763
504,578 417,528
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The key management personnel of the charity comprise the chief executive officer and the operations manager. The total employee benefits (includes gross pay, employer pension and employer national insurance) of the key management personnel were £88,716 (2023: £85,607).
There were no individuals who received remuneration of £60,000 or more in either year.
Pension costs
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £8,688 (2023: £7,763).
There were no contributions payable to the scheme at the end of the year (2023: £nil).
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The Hub-Yeovil Community Support Charity Notes to the Financial Statements For the Year Ended 31 December 2024
11 Tangible fixed assets
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Property Furniture & Motor
Improvements Equipment Vehicles Total
£ £ £ £
Cost
At 1 January 2024 103,140 70,168 21,490 194,798
Additions - 2,563 - 2,563
At 31 December 2024 103,140 72,731 21,490 197,361
Depreciation
At 1 January 2024 49,018 62,205 10,248 121,471
Charge for the year 9,905 4,965 1,874 16,744
At 31 December 2024 58,923 67,170 12,122 138,215
Net book value
At 31 December 2024 44,217 5,561 9,368 59,146
At 31 December 2023 54,122 7,963 11,242 73,327
12 Stock
2024 2023
£ £
Stocks 1,000 1,000
13 Debtors
2024 2023
£ £
Trade debtors 4,192 2,775
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The Hub-Yeovil Community Support Charity Notes to the Financial Statements For the Year Ended 31 December 2024
14 Cash and cash equivalencies
| Cash in hand Cash at bank |
2024 2023 £ £ 100 100 114,986 77,350 115,086 77,450 |
|---|---|
15 Creditors: amounts falling due within one year
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2024 2023
£ £
Trade creditors 4,223 5,894
Taxation and social security 8,520 7,820
Accruals 6,129 6,897
18,872 20,611
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16 Obligations under leases and hire purchases contracts
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The total value of future minium lease payments was as follows: 2024 2023
£ £
Land and Buildings
Within one year 50,000 48,000
In two to five years 200,000 192,000
In over five years 468,000 528,000
718,000 768,000
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The Hub-Yeovil Community Support Charity Notes to the Financial Statements For the Year Ended 31 December 2024
17 Funds
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Opening Closing
Balance Income Expenditure Transfers Balance
01.01.24 31.12.24
Unrestricted funds £ £ £ £ £
General
Unrestricted 129,402 733,407 (702,548) 291 160,552
Total Unrestricted funds 129,402 733,407 (702,548) 291 160,552
Restricted funds
The National Lottery Community
Fund - RC South West Region - 32,892 (33,232) 340 -
Screwfix Grant 3,146 - (3,163) 17 -
Founders for Good 1,393 - (745) (648) -
Total Restricted funds 4,539 32,892 (37,140) (291) -
Total funds 133,941 766,299 (739,688) - 160,552
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The Hub-Yeovil Community Support Charity Notes to the Financial Statements For the Year Ended 31 December 2024
18 Funds (continued) – prior year
| Unrestricted funds General Unrestricted Total Unrestricted funds Restricted funds The National Lottery Community Fund - RC South West Region Screwfix Grant Founders for Good SASP Tesco |
Opening Balance 01.01.23 £ 62,967 62,967 - 3,146 - - 4,548 7,694 |
Income Expenditure £ £ 659,385 (592,909) 659,385 (592,909) 33,050 (33,050) - - 3,501 (3,539) 1,000 (1,003) - (3,155) 37,551 (40,747) |
Income Expenditure £ £ 659,385 (592,909) 659,385 (592,909) 33,050 (33,050) - - 3,501 (3,539) 1,000 (1,003) - (3,155) 37,551 (40,747) |
Closing Transfers Balance 31.12.23 £ £ (41) 129,402 (41) 129,402 - - - 3,146 38 - 3 - - 1,393 41 4,539 |
|---|---|---|---|---|
| Total funds | 70,661 | 696,936 | (633,656) | - 133,941 |
The specific purposes for which material funds are to be applied are as follows:
The unrestricted funds are available to be used at the trustees’ discretion to further the objects of the charity.
The Screwfix grant was awarded as a contribution towards installing new windows and doors.
The Founders for Good grant funded the installation of a digital suite for our trainees within the Hub's premises.
The National Lottery Community Fund grant was awarded to fund The Hub Approach project and has been used to pay for a new employee.
The SASP grant was awarded to purchase equipment for delivering activities in a small space.
The Tesco grant was awarded to purchase IT equipment.
Funds have been transferred in accordance with the SORP following acquisition of capital items.
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The Hub-Yeovil Community Support Charity Notes to the Financial Statements For the Year Ended 31 December 2024
18 Analysis of net assets between funds
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Unres- Res- 2024 Unres- Res- 2022
tricted tricted Total tricted tricted Total
£ £ £ £ £ £
- -
Tangible assets 59,146 59,146 73,327 73,327
Current assets 120,278 - 120,278 76,686 4,539 81,225
-
179,424 179,424 150,013 4,539 154,552
- -
Creditors due within one year (18,872) (18,872) (20,611) (20,611)
-
160,552 160,552 129,402 4,539 133,941
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19 Related party transactions
L Eveleigh, a trustee, is an employee of Battens Solicitors. During the year the trust paid Battens Solicitors £360 (2023: £nil) for legal services.
The charity had no other transactions with related parties during the year (2023: none).
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