Company registration number.. 08409289
Charity registration number.. 1162412
Honiton Community Complex TIA The Beehive
IA company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 March 2025
WESTCOTTS
CWAR TEREO A¢COUt4TANT$
1 8V$IMÈ$S ADVISE

Honiton Community Complex TIA The Beehive
Contents
Reference and Administrative Details
1102
Trustees, Report
31013
Independent Examinerfs Report
14
Slalemenl of Financial Activities
15
Balance Sheet
161017
Notes to the Financial Statements
181032

Honiton Community Complex TIA The Beehive
Reference and Adminlstrative Details
Chaimian
K Wilson
Trustees..
K Wilson
J Brown (resigned 21 May 20241
S Boyd
R Sexton {resigned 22 January 20251
C Dougherty Iresigned 31 May 20251
C Nissen (resigned 19 November 20241
V Johnson (resigned 4 June 20241
S Sexton Iresigned 12 May 20251
S Kolek (appointed 25 November 20241
D Wood {appoinled 29 April 20251
D Hall lappoinled 29 April 20251
K Westrna￿tt lappoinled 29 April 2025 and resigned 28 May
20251
J Wardle lappoinled 15 July 2025}
Senlormanagemgnti
Leadership Tgam
S Bonetta, Manager
C Retler, Deputy manager
R Larsson-carter, Marketing manager
V Davis. Programme and events manager
Charity Registration Number
1162412
Company Rogistration Number 08409289
The chafily is ineorporaled in England and Wale5.
The company also trades under the name The Beehive.
Page 1

Honiton Community Complex TIA The Beehive
Reference and Administrative Details
Roglst•rod Office
The Beehive
Dowell Street
Honilon
Devon
EX14 1LQ
Independent Examiner
Weslcotts ISWI LLP
Independent examiner
Queens House
4244 New Street
Honilon
Devon
EX14 18J
SolicitoTr:
Michelmores
Woodwater House
Pynes Hill
Exeter
Devon
EX2 5WR
Bankors
Lloyds
Honilon
82 High Street
Honito
Devon
EX14 1JJ
Page 2

Honiton Community Complex TIA The Beehive
Trustees, Report
The Trustees (who are also directors of the Charity for the purposes of the Companies Acts) present
their annual report together with the financial statements of Honilon Community Complex Ilhe Charity)
for the year ended 31 March 2025. The Trustees conlim that the annual report and linancial
sl?temenls of the Charity comply with the cijrrenl slalulory requirements, the requirements of the
Charity's governing document and the provisions of the Slalement of Recommended Practice
ISORPI, applicable lo charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191.
Since the Company qualifies as small under section 382 of the Companie$ Act 20C6, the Slralegi
report required of medium and large companies under the Companies Act 2006 (strategic Report and
Directors, Report) Regulations 2013 has been omitted.
The Company also trades under the name The Beehive.
Objectives and activiti8$
a. Policies and objectives
In setting objectives and planning for activities, the Trustees have given due consideration lo general
guidance published by the Charity Commission relating lo public benefit, as well as lo the Charity's
charitable obiecls, as approved by Honilon Town Council and sel forth In its Articles of Association.
The Beehive exists lo promote arts, culture, and community engagement in Honiton and the
surrounding area. Our charitable objectives include..
lo advan￿ the education of the public in Honilon and Ea$1 Devon, in particular Ibul wilhoul
limilalionl in the arts.,
to further or benefit the residents of Honilon and East Devon. without dislinclion of age, sex. sexual
orientation. race or of political, religious or other opinions by associating together the said residents
and the local aulhorilies, voluntary and other organisalions operating in those areas in a common
effort lo provide fa¢ilities in the interests of social welfare for recreation and leisure lime occupation
th the objective of improving the conditions of life for the residents,. and
lo advance, for the benefit of the public in Honilon and East Devon, such other purposes as are
exclusively charitable under the law of England and Wales as the Directors may from time lo lime
determine..
in particular (but without limilalionl by the eslablishmenl, rnainlenance and management of a
community centre for charitable activities promoled by the Charity.
Page 3

Honiton Community Complex TIA The Beehive
Trustees, Report
b. Aclivits"es undertaken to achieve objectives
In order lo achieve these objectives, Honilon Town Council and the Charity entered into a 10-year
lease of the community centre known as The Beehive and a Service Level Agreement, both
commencing on 11 September 2015 and expiring on 10 September 2025. Community organisalions
benefit from concessional room hire rates.
The activities of the Charity direeled lo ils charitable objects consist principally of the follwng..
Artistic and cultural activib'es in¢luding Ihealre, live musical perfomances of all kinds. cinema,
dances. craft fairs and exhibitions of local works of art.
Room hires lo local community groups and organisations, including various public sector
organisations, for the purposes of education, training, leisu￿ activities and communal worship.
The Beehive Cafe together with the bar provide a meeting point and social centre for members of
the public, both generally and for those taking part in the activities referred lo above. The cafélbar is
run by a wholly-owned subsidiary of the Charity, Beehive Hospitality Limited I'BHL.: see below.)
Honilon Town Council's offices are bwlhin the Beehive building and ils presence sils well wth the
social and community aspects of the Charity's objectives.
Upkeep of the building, which is key to the Charity s charitable a¢tivilies.
c. Volunteers
The Board aCkn￿edgeS with gratitude the continued enthusiasm, hard work and commitment of the
volunteers from the community who help to staff the Beehive. The hours worked by our volunteers
Signifi￿ntlY reduce what would be a huge wage bill wlhoul them.
Page 4

Honiton Community Complex TIA The Beehive
Trustees, Report
Publlc benefit
The Iruslees confim that they have complied with the requirements of section 17 of the Charities Act
2011 to have due regard lo the public benefit guidance published by the Charity Commission for
England and Wales.
Page 5

Honiton Community Complex TIA The Beehive
Trustees, Report
Achievèments and performance
Oespile ongoing financial pressures due lo the cosl-of-living crisis The Beehive has made significant
strides this year..
Programming and events..
This year has seen continued growth in both participation and impact..
Over 12.000 visitors allended events, workshops. and community activities
We hosted 85 live performances, including theatre, music, comedy. and spoken word
Our cinema programme screened 110 films, with increased accessibility options
The Beehive supported 35 local groups with subsidised venue hire lo provide exercise and
well-being classes for the community.
A new sensory garden was Completed and enhanced the outdoor space for all users. This was
created with thanks lo the family of a former volunteer.
Volunteer hours exceeded 3,000, reflecting strong community involvement
We are proud lo have maintained a vibrant and inclusive programme despite economic pressures.
Feedback from users continues lo highlight the value of The Beehive as a safe, creative. and
welcoming space. The Beehive continues lo be a cherished space for creativity. connection, and
celebration. Throughout the year, we've ieceived countless messages of appreciation from visitors,
performer& and volunteers. These voices reflect the dedication of our volunteers, who bring warmth,
energy, and generosity to every corner of the building.
The Iruslees are indebted lo the staff and volunteers for their continuing hard work and dedication lo
make The Beehive an asset that the town should be proud of.
Community engagement..
Volunteer numbers increased by 15%, with new fronl-of-house, technical, and hospitality roles. Our
fronl-of-house volunteers welcomed guests and provided information lo ensure visitors had a positive
experience. Technieal team members supported live evenls wlh sound and lighting, and hospitality
staff ensured smooth operations during functions. Volunteering al The Beehive is more than lending a
hand - it's about finding connection. purpose, and Community. For many, il offers a vital sense of
belonging, especially for those who may be on their own or seeking meaningful social inleraclion.
We participated in Amied Forces Day and the annual Charter Day, where we hosted a stand that
provided information about the Beehive and its scheduled events. The information was generally well
received by visitors.
The café continues to offer a friendly space for Cfafls, games, and refreshments. regularly organising
craft workshops, board game afternoons, and seasonal events lo encourage community Participation
and connection.
One of the most cherished regular activities al The Beehive is our Weekly Craft Group, which meets
every Thursday morning in Ihe café area. Open to all ages and abilities. the group offers a relaxed,
welcoming space for creativity, convetsalion, and connection. This year, the group has grown
steadily, with over 25 regular participants and a rotating mix of newcomers. Projects have ranged fr(yn
card-making and knitting to seasonal decorations 8nd collaborative art pieces. The group expanded lo
include a monthly Monday evening for those who cannot allend the group during the daytime.
Page 6

Honiton Community Complex TIA The Beehive
Trustees, Report
Achievements and perfomiancg Icontlnuedl
Strategic planning".
Trustees undertook a comprehensive strategie review, resulting in quarterly updates lo the business
plan lo guide us through lo the end of our lease in September 2025. This included ¢onsullalion with
staff, volunteers and the wder public. These updates were reported lo HTC via the regular ￿VIeW
meetings.
The board of tru51ees prepared the lender documentation over several months lo meet the landlord's
requirements for secunng a new long-lerm lease. This documentation was submilled lo HTC in
November 2024.
Page 7

Honiton Community Complex TIA The Beehive
Trustees. Report
Financial review
. Going concern
These accounts are prepa￿d on a going concern basis. The Charity's reserves have followed the
slated policy, and as of this Report's signature. the Trustees are confident that with financial support
from the Town Council, the Charity tan continue opèrating for the foreseeable future.
Honilon Town Council agreed lo underwrite HCC'S losses up 10 £5,000 per month, easing HCC'S
financial strain. HTC reviewed the accounts monthly to determine the underwriting amount. The
Trustees acknowledge and thank the Town Council for its, valuable support.
b. Reserves policy
The Charity's reserves policy ensures net assets cover required liquidity and allow lor orderly
winding4Jown rf needed, such as at lease lerminalion in September 2025. Trustees regularly review
nel assets againsl these criteria and confirmed compliance Ihroughout the year.
c. Financial performan
We would add the following notes on certain Sspeels".
The Compromise Agreement of 12 November 2019 and the Deed of Variation on 30 March 2021
replaced the Service Charge based Dn the cost lo the Charity of running the Beehive building with a
fixed New Service Charge of £10.000 p. a, wlh effect from 1 April 2020. During the year of account.
the Charity received an amount of £11.OOOpa from the Town Council in quarterly inslalmenls by way
of the Se*vice Charge.
No Donations were made lo other charities during thè year of aceount owing lo financial constraints,
although several local community groups enjoyed reduced room hire rates.
The general public conlinued lo support the Beehive with minor casual donations. In particular, when
an event is cancelled due lo eircumslances beyond our control a proportion of the ticket holders
usually refuse a refund and ask us to keep their money as a donation.
. As in previous years 100% of the takings ol Beehive Hospitality Limited were donated to the Chanly.
Reserves and working capital are kept under review continually by the Trustees, who have read-only
access online lo the Charity's accounting records and bank account. Monthly profit and loss accoijnls
and balanee sheets are seen by Trustèes after the end of each month, and before each meeting
Trustees receive a report wlh key data including bank balances, c￿dItOrs, tickets sold in advance and
event financial performance.
The Trustees updated the Business Plan every quarter lo address the timeframe from the current
period through the conclLJsion of the 10-year lease in Seplember 2025, supporting the Charity's
application lo continue managing the Beehive after that dale. Additionally, a new Business Plan was
created for the five-year period covering the new long-lemi lease from 2025 10 2030.
The major risk lo which the Charity is exposed are identified by the Trustees and regularly updated
and reviewed during the year. Where appropriate, insurance cover is effected to mitigate risks.
Page 8

Honiton Community Complex TIA The Beehive
Trustees, Report
Financial review Icontlnued}
The charity continues lo operate in a challenging linancial climate Rising operational costs and
reduced public funding have impacted our income.
The Slalemenl of Financial Activities show incoming resources for the year of a revenue nature ol
£437,309 12024 £424,278) and outgoing resources of a revenue nature of £450.628 12024
£431,308), making a net deficit of £13,31912024 - £7,030 deficill. The lolal free unrestricted reseNe$
al the year end stand al £23.15812024 - £42,0561.
d. Principal risks and Un￿rtaIntieS
Trustees regularly review operational and strategic risks, including financial suslainabilily, health and
safely, safeguarding, and data protection. Miligalion measures are in place, and policies are reviewed
annually lo ensure compliance and resilience.
The systems and procedures lo manage major risks are Cover￿ by the Directors by way of..
. Trustees, meetings
Ongoing reference to the existing Business plan and work on the draft new plan
Organisalional risk assessments
Financial monitoring
Ongoing review of health and safely issues
Trustees maintain a risk register and regularfy review key risks. This year's priorities included..
Financial sustainability diversified income streams, fundraising slialegy, cost Controls
Lease expiry Sept 2025
early engagement with Honilon Town Council. premises planning.
Uncertainty affecting future b¢)okings after Sept 2025 and future planning.
Volunteer retention
enhanced recognition, flexible roles. Relain enthusiasm as end of lease
approaches.
Staff wellbeing - cleai probation processes, performance support. leam-building initiatives.
Page 9

Honiton Community Complex TIA The Beehive
Trustees, Report
Plans for future perlods
We are pleased lo announce a significant development for our organisation.. after an extended peri¢)d
of negotiation and effort, we have successfully secured a 30-year lease al The Beehive. This
achievement represents an extraordinary milestone, offering our organisalion the long-term stability
required to plan confidently for the future and pursue new opportunities for growth and innovation.
Our sincere grètitude goes lo Honiton Town Council for their ongoing financial support, which 1$ a
crucial element of the lease agreement. Their backing ensures that we are able lo continue
functioning as a vibrant centre for the arts, eommunity enga9emenl. and social connection. With the
assurance provided by this agreement. we are well-posilioned lo invest further in our facilities. our
team, and the quality and variety of programming we offer.
Securing this lease represents a signifieanl slep forward for our community, and we would like lo
express our heartfelt thanks lo everyone whose efforts have contributed to this positive outcome.
Looking ahead, this new lease empowers us lo move forward with our future plans, including the
followng priorities..
Seeuring funding for essential equipment.. We aim lo obtain grants and donations lo purchase a
new, modern projector along wlh other technical equipment. Upgrading this technology wll provide
direct benefits lo the public, reducing the likelihood of event cancellations and ensuring enhanced
quality and clarity in our presentations.
Staff development and engagement.. We are committed lo delivering annual, invigorating, and
inelusive staff development days. These events are designed lo foster creativity. strengthen
nneclions within our team, and support ongoing professional growth.
Operational planning for events and programming.. We will continue lo manage the logistics of
upcoming events and seasonal programming, ensuring all aelivilies a￿ well-organised and delivered
lo a high standard
Slrenglhening governance and succession planning.. We are focused on reinforcing board
90vernance structures and developing robust succession plans lor trustees to secure the
organisalion's future leadership.
• Trustee recruilmenl.. Efforts will be made to recruit Iruslees to address all govemance requirements,
ensuring that the board Temains eff&tive and represenlalive.
Volunteer ￿¢rUitment and support.. Vve plan lo recruit additional volunteers lo guarantee
comprehensive event coverasE and a balanced distribution of ￿SponSibl51t1e$, supporting the smooth
running of all activities.
Page 10

Honiton Community Complex TIA The Beehive
Trustees. Report
Structure. governance and management
a. Constitution
The Charity is registered al Companies House as a company limited by guarantee under number
08409289 and is consliluled under a Memorandum of Association dated 19 February 2013 with
Articles of Association adopted on 31 March 2015. 11 is also regislerod with the Charity Commission
as a Chanly under number 1162412.
The Charity's objects {'Objects'} are specifically reslricled lo the following..
To advance the education of the public in Honilon and East Devon, in particular (but wilhoul
limilalionl in the arts.,
To further or benefit the residents of Honilon and East Devon, wlhoul distinction of age, sex, sexual
orienlalion, race or of political, religious or other opinions by associating together the said residents
and the local aulhorilies, voluntary and other organisations operating in those areas in a common
effort lo provide facilitie5 in the interests of social welfare for recreation and leisure lime occupation
with the objective of improving the conditions of lrfe for the residents,. and
To advance, for the benefit of the public in Honiton and East Devon, such other purposes as are
exclusively charitable under the law of England and Wales as the Directors may from time to lime
determine.,
In particular Ibul without limitation) by the establishment, rnaintenan￿ and management of a
community centre for charitable activities promoted by the Charity slruclure, governance and
management Iconlinuedl.
b. Methods of appointment or election of Trustees
New Trustees may be nominated by the Charity Members or the existing Trustees. Nominees and
appointees are subject lo meeting the qualification criteria as defined by the Articles of Association as
well as the Board of TrLtstees' approval, and they are invited lo allend Board Meetings for a trial
period, after whieh both parties confirm or olherwse their desire lo pursue the appointment. The
Articles of Association Iimil the numbers and voting power of local aulhority-influenced Iruslees and
the voting power of local authorities or companies controlled by them, to avoid the Charity becoming
Local Authority Influenced or controlled.
Following the resignation of three of our trustees appointed a new trustee, Mr. Stephen Kolek whose
contribution has been invaluable.
c. Members
Individuals who support the Beehive are encouraged lo become members of the Company Their
liability is limited lo £12, and they are known as Charity Members. They pay a nominal subscription,
currently £12. Currently there are about 35, and many work as volunteers al the Beehive.
Page 11

Honiton Community Complex TIA The Beehlve
Truste8s' Report
Structure. governance and managomgnt Icontinuedl
d. Environmental and sustainability efforts
This year, The Beehive hss taken steps lo reduce ils environmental impact, including..
Expanding recycling facilities for staff and visitors.
Sourcing local supplieis and eco-friendly materials for events and refreshments.
We are committed lo becoming a greener venue and will continue lo explore sustainable practices.
Page 12

Honiton Community Complex TIA The Beehive
Trustees. Report
Statement of trustee8' responslbllltie8
The Iruslees Iwho are also the directors of Honilon Community Complex TIA The Beehnie for the
purposes of company lawl sre responsible for preparing the trustees, report and the financial
statements in accordance with applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Praclicel, ineluding FRS 1ff2 'The Financial Reporting
Standard applicable in the UK and Republic of Ireland"
Company law requires the Iruslees to prepare financi81 slalements for each financial year. Under
company law the Iruslees musl not approve the financial slalemenls unless they are satisfied that
they give a true and fair view of the slate of affairs of the charitable company and of the incoming
resources and application of resources, including Ils income and expenditure, of the Charitable
company for that period. In preparing these financial slalemenls, the trustees are required lo..
select suitable accounting policies and apply them consislenlly..
observe the methods and principles in the Charities SORP,
make judgements and estimates that are reasonable and prudent-,
slate whether applieable accounting standards, comprising FRS 102 have been followed, subject
lo any material departures disclosed and explained in the financial slalemenls,. and
prepare the financial slalements on the going concern basis unless il is inappropriate lo presun7e
that the charitable company will continue in business.
The Iruslees are responsible for keeping proper accounting records that can disclose with reasonable
accuracy al any lime the financial position of the charitable company and enable them to ensure that
the financial slalemenls comply wlh 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 Iruslees are responsible for the maintenance and Integrity of the corporate and financial
information included on the charitable company's website. Legislation governing the preparation and
dissemination of finaneial statements may differ from legislation in other jurisdictions.
The annual report wa$ approved by the trustees of the charity on Ld...Iz&iC
behalf by..
and signed on ils
K Wilson
Chairman and trustee
Page13

Honiton Community Complex TIA The Beehive
Independent Examiner's Report to the trustees of Honlton Community
Complex TIA The Beehive ('the Company.)
I report to the charity trustees on my examination ol Ihe accounts of the Company for the year ended
31 March 2025.
Responslbilities and basis of report
As the charity's Iruslees of the Company land also ils directors for the purposes of company lawl you
are responsible for the preparation of the accounts In accordance with the requirements of the
Companies Act 20L% I'lhe 2006 Acl'l.
Having satisfied myself that the accounts of the Company are not required to be audited under Part
16 of the 20Ck3 Act and are eligible for independent examinstion, I report in respect of my examination
of your charity's aecounls as carried out under section 145 of the Charities Act 2011 I'lhe 2011 Acl'l.
In carrying out my examination I have followed the Directions given by the Charity Commission under
Section 1451Sllbl 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 l am qualified lo undertake the examination
because l am a member of Weslcolls ISW) LLP, which is one of the listed bodies.
I have completed my examination. l eonfim that no matters have come to my attention in connection
with the examination giving me cause to believe".
1. accounting records were not kept in respect of Honilon Community Complex TIA The Beehive as
required by section 386 of the 2006 Act., or
2. the accounts do not accord with those records., or
3. the aecounls do not comply with the accounting requirements of section 396 of the 20LE Act
other than any reqL¢irement that the accounts give a 'true and fair vie%V which is not a matter
considered as part of an independent examination., or
4. the aceounls have not been prepared in aceordance with the methods and principles of the
Statement of Recommended Pr8clice for a¢counling and reporting by charities 12pplicable lo
charities preparing their aceounls in accordance wlh the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 10211.
I have no concems and have come acFOSS no other matters in connection with the examinalKJn lo
which attention should be drawn in thi5 report in Order lo enable a proper understanding of the
accounts lo be reached.
Mr N Smy ACA
Independent examlner
lliestcotts ISW) LLP
Queens House
4244 New Street
Honiton
D8von
EX14 1BJ
Date:. 0g.liaiaS
Page 14

Honiton Communlty Complex TIA The Beehlve
Statement of Flnancial Activlties for the Year Ended 31 March 2025
Ilncluding Income and Expenditure Account and Statement ol Total
Recognised Gains and Losses)
Unrestricted
fund8
Restri¢ted
funds
Total
202S
Total
2024
Note
Income and Endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investment income
71,237
349,183
8,009
508
4,500
75.737
349,183
11,881
508
112,257
308,349
3,192
480
3,872
Total income
428,937
8.372
437,309
424,278
Expenditure on:
Charitable activities
447.835
2,793
450.628
431,308
Total expenditure
Nel lexpenditurellincome
447,835
{2,793
450,628
431.308
18,898
5.579
13,319
7,030
Net movement in funds
118,8981
5,579
113,3191
17,0301
Reconciliation of funds
Total funds brought forward
Total funds carried forward 20
42,056
2,202
44,258
51,288
23,158
7,781
30,939
44.258
All of the charity's activities derive from eontinuing operations during the above two periods.
The funds breakdown for 2024 is shown in note 20.
The notes on pages 18 to 32 fomi an integral part of these financial statements.
Page 15

Honiton Community Complex TIA The Beehive
(Registratlon number: 08409289)
Balance Sheet as at 31 March 2025
2025
2024
Note
Flxed assets
Tangible assets
Investments
2,207
851
14
2,208
852
Current assets
Stocks
Debtors
Cash al bank and in hand
15
16
17
192
29,123
120,776
150,091
1,341
38,582
92,765
132,688
Creditors: Amounts falling due within one yaar
18
178,7061
70,2821
Not Current assots
71,385
62,4(k8
Total a$$gts lass current liabilities
73.593
63.258
Provisions
19
42.654
19.000
Net assèts
30,939
44,258
Funds of the charlty..
Restricted income funds
Restricted funds
7,781
2,202
Unrastricted income tunds
Unreslricled funds
23,158
42,056
Total funds
20
30,939
44.258
For the financial year ending 31 March 2025 the charity was entitled to exemption from audit under
seclion 477 of the Companies Act 2006 relating lo small companies.
Directors, responsibilities".
The members have not required the charity to obtain an audit of its accounts for the year in
question in accordance with section 476, and
The directors acknowledge their responsibilities for complyirKJ with the requirements of the Act ¥Mlh
respect lo accounting records and the prepaialion of aceounts.
These financial ststements have been prepared in accordance with the special provisions ￿latIng lo
companies subject lo the small companies regime vthlhin Part 15 of the Companies Act 2006.
The notes on pages 18 10 32 fomi an integral part of these financial stalemenls.
Page 16

Honiton Community Complex TIA The Beehive
(Registration number." 08409289)
Balance Sheet as at 31 March 2025
The fi
cial sl lemenls on pages 15 10 32 were approved by the trustees, and aulhorised for issue
and signed on their behalf by..
K Wilson
Chalrman and tfustge
The notes on pages 18 10 32 fomi an integral part of these financial slatemenls.
Page 17

Honiton Community Complex TIA The Beehive
Notes to the Financial Statements for the Year Ended 31 March 2025
1 Charity 8tatU8
The charity is limited by guarantee, incorporated in England and Wales and consequently does not
have share capital. Each of the trustees is liable lo Contribute an amount not exceeding £10 towards
the assets of the charity in the event of liquidation.
The address of ils registered Offi￿ is..
The Beehive
Dowell Street
Honilon
Devon
EX14 1LQ
2 Accountlng policlos
Summary of Significant accountlng policies and key accounting estimate8
The principal accounting policies applied in the preparation ol these financial slalements are sel out
below. These policies have been eonsistenlly applied lo all Ihe years presented, unless otherwise
slated.
Statement of compliance
The financial slalemenls have been prepared In accordance with Accounting and Reporting by
Charities. Slalemenl of Recommended Practice (applicable lo charities preparing their accounts in
accordanee with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
10211 lissued In October 20191 (Charities SORP IFRS 10211, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 20LE.
8a818 of preparation
Honilon Community Compkx TIA The Beehive meets the definition of a public benefit enlily under
FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless
olheNise stated in the relevant accounting poliey notes.
Golng concgrn
The Iruslees consider that there are no material uncertainties about the charity's ability to Continue as
a going concem nor any significant areas of uncertainty that affect the carrying value of assets held by
the charity.
Exemption from prgparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not
included a cash flow slalemenl in these financial stalemenls.
Income and endowments
All income is recogniseLI once the charity has entillemenl lo the Ineome, il is probable that the income
will be received and the amount of the income receivable can be measured reliably.
Page 18

Honiton Community Complex TIA The Beehive
Notes to the Financial Statements for the Year Ended 31 March 2025
Grants receivable
Grants are included in the Slalement of financial activities on a receivable basis. The balance of
income received for specific purposes bul not expended during the period is shown in the relevant
funds on the Balance sheet. Where income 15 received in advance of enlillemenl of receipt, ils
recognition is deferred and included in creditors as deferred income. Where enlillement occurs before
income is received, the income is accrued.
Donated services and facilitles
Where the donated good is a fixed a$sel, il is measured al fair value, unless il is impractical lo
rneasU￿ this reliably, in which case the cost of the item lo the donor should be used. The gain is
recognised as income from donations and a corresponding amount is included in the appropriate fixed
asset ¢lass and depreciated over the useful economic life in a¢cordance with the Company's
accounting policies.
On receipt, donated professional services and facilities are recognised on the basis of the value of the
gift lo the Company which is the amount il would have been willing to pay lo obtsin services or
facilits'es of equivalent economic benefit on the open market,. a Corresponding amount is then
reeognised in expenditure in the period of receipt.
Investment Income
Interest on funds held on deposit is included whèn receivable and the amount can be measured
reliably by the Company.. this is normally upon notification ol the interest paid or payable by the
inslilulion with whom the funds are deposited.
Expenditure
Expendilure is recognised once there is a legal or conslruelive obligation lo transfer economic benefit
lo a third party, il is probable that a transfer of economic benefits will be required in settlement and the
amount of the obligation can be measured reliably. Expendilure is classified by activity. The costs of
each activity are made up of the loial of direct costs and shared eosls, including support costs
involved in undertaking each activity. Direct costs allribulable to a single aclwity are allocated directly
lo that activity Shared costs which contribute lo more than one activity and support costs which are
not attributsble lo a single activity are apportioned between those activities on a basis consistent with
the use of resources. Central staff eosls are allocated on the basis of lime spent, and depociation
charges allocated on the pgrtion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Company's objectives, as well as any associated support eosls.
All expenditure is inclusive of irrecoverable VAT.
Charitable actlvlties
Charitable expenditure comprises those c051s incurred by the charity in the delivery of its activities
and services for ils benefieiaries. It includes both costs that can be allocated directly lo such aclivilios
and lttose costs of an indirect nature necessary lo support them.
Support costs
Support costs inelude cenlial functions and have been allocated lo activity cost categorie$ on a basis
consistent with the use of resources. for example, allocating property costs by floor areas, or per
eapila, staff costs by the time spent and other costs by their usage.
Page 19

Honiton Community Complex TIA The Beehive
Notes to the Financial Statements for the Year Ended 31 March 2025
Government grants
Government grants relating lo tangible fixed assets are t￿ated as defer￿d income and released to
the Slalemenl of financial activities over the expeeled useful lives of the assets concerned. Other
grants are credited lo the Slalement of financial activities as the related expenditure is incurred
Taxation
The charity Is ¢onsidered to pass the tests sel out in Paragraph 1 Sehedule 6 of the Finanee Ael 2010
and therefore it meets the definition of a charitable company lor UK corporation lax purFX)ses.
Accordingly, the charity Is potentially exempl from laxalion in respect of income or capital gains
received wlhin ealegorie5 covereLI by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the exlenl that such income or gains are
applied exclusively to charitable purposes.
Tangible fixed 48sets
Individual fixed assets costing £500 or more are initially recorded al cost, less any subsequent
accumulated depreciation and subsequent accumulated impaiment losses.
Tangible fixed assets are initially recognised al cost. After recognition. under the cost model, tangible
fix8d assets are measured al cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred lo bring a tangible fixed asset into ils intended working condition should be
included in the measurement of cost.
Depreciatlon and amortisation
Depreciation is provided on tangible fixed assets so as lo write off the cost or valuation, less any
eslimaled residual value, over their expe¢led useful economic lrfe as follows".
Asset class
Long-lemi leasehold propety
Plant and machinery
Computer equipment
Digital equipment
Depreciation method and rate
Over the remaining life of the lease
4 years
3 years
4 years
Fixed asset investments
Fixed asset investments, other than programme related investments, are included al market value al
the balance sheet dale. Realised gains and losses on investments are calculated as the difference
between sales proceeds and their market value al the start of the yeaT, or their subsequent cost, and
are charged or credited lo the Slalement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in martet values during the year and are
credited or charged lo the Slalement of Financial Activities based on the market value at Ihe year end.
Sto¢k
Stocks are valued at the lower of cost and net realisable value after making due allowance for
obsolele and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed
and variable overheads.
Page 20

Honlton Communlty Complex TIA The Beehive
Notes to the Financial Statements for the Year Ended 31 March 2025
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly
liquid investments that are readily conVerti￿e lo a known amount of cash and are subject lo arb
insignificant risk of change in value.
Prov18iOllS
Provisions are recognised when the charity has an obligation al the reporting dale as a result of a past
event, il is probable that the charity will be required lo sellle that obligation and a reliable estimate can
be made of the amount of the obligation.
Fund structure
Unreslricled income funds are general funds that are available for use al the Iruslees discretion in
furtherance of the objectives of the charity.
Restricted funds ale funds which are lo be used in accordance with specific restrictions imposed by
donors or which have been raised by the Company for particular purposes. The costs of raising and
administering such funds are charged against Ihe specific fund. The aim and use of each restricted
fund is sel out in the notes lo the financial statements.
Penslons and other post retirement obligation$
The Company operates a defined contribution pension scheme and the pension charge represents
the amounts payable by the Company lo the fund in respect of the year.
Financial instruments
Classificatlon
Financial assets and finaneial liabilities are recognised when the charity becomes a paty lo the
contractual provisions of the inslrumenl.
Financial liabilities and equity instruments are classified according lo the substance of the conlraclual
arrangements entered into. An equity inslrumenl is any conlfacl that evidences a residual interest in
the assets of the charity after deducting all ol ils liabilities.
Page21

Honiton Community Complex TIA The Beehlve
Notes to the Financial Statements for the Year Ended 31 March 2025
Recognition and moasurement
All financial assets and liabilities are initially measured al transaction price (including Iransaelion
coslsl, except for those financial assets classified as al fair value through profrt or loss, which are
initially measured al fair value Iwhich is normally the transaction price excluding transaction coslsl,
unless the arrangement conslilules a financing Iransaclion. If an arrangement constilules a financing
Iransaclion, the financial asset or financial liability is measured al the present value of the future
payments diseounled al a market rale of interest for a similar debt instrument.
Financial assets and liabilities a￿ only offset in the slalemenl of financial position when, and only
when there exists a legally enfor￿able right lo sel off the recognised amounts and the charity intends
either lo settle on a nel basis, or lo realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when al the contractual rights to the eash fl¢)WS
from the financial asset expire or are settled, bl the eharily transfers lo another party subslanlially all
of the risks and rewards of ownership of the financial asset, or cl the charity. despite having retaingd
some, bul not all. significant risks and rewards of ownership. has transferred control of the asset lo
another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged,
cancelled or expires.
Investments
Investments In subsidiaries and associates are measured al cost less impairment. For investments in
subsidiaries a¢quired for consideration including the issue of shares qualifying for merger relief, cost
is measured by reference lo the nominal value of the shares issued plus fair value of other
consideration. Any premium is ignored.
3 Income from donatlons and lègacies
Unrestricted
funds
General
Restricted
fund8
Totsl
2025
Total
2024
Donations and legacies.,
Donations
Grants, including capital grants.,
Government grants
71,237
4,500
75,737
92,257
20.000
112,257
71,237
4,500
75,737
Page 22

Honiton Community Complex TIA The Beehive
Notes to the Financial Statements for the Year Ended 31 March 2025
4 Income from charitable activitigs
Unrestrictad
funds
General
Totsl
2025
Total
2024
Temporary lellings & licensing of charitable
property
Cultural & communty events
122.896
226,287
349,183
122,896
226,287
104,389
203.960
349,183
308,349
5 Income from othortradlng activities
Unrestricted
funds
General
Restrictgd
fund8
Total
funds
Total
2024
Events income.,
Other trading income
8,009
3,872
3,872
11,881
3,192
8,009
11.881
3.192
6 Investment income
Unrestricted
funds
Gen8ral
Total
2025
Total
2024
Interest receivable and similar income..
Interest feceivable on bank deposits
508
508
480
Page 23

Honiton Community Complex TIA The Beehive
Notes to the Financial Statements for the Year Ended 31 March 2025
7 Expenditure on charitable a¢￿VItIeS
Charltable actlvlty gxpensg by fund
Unrestricted
funds
Goneral
Restricted
funds
Total
2025
Total
2024
Note
Direct costs
Allocated support
costs
172,714
2.493
175,207
161,262
275,121
300
275,421
270,046
447,835
2,793
450,628
431,308
Charltable actlvlty expense by type
Activity
undertaken
directly
Activity
support
costs
2025
2024
Temporary lellings & licensing ol
charitable property
Cultural & communty events
FLtndraising
76,571
197,829
1,021
275,421
76,571
373,036
1,021
450,628
75,001
355,308
999
175,207
175,207
431,308
Page 24

Honiton Community Complex TIA The Beehive
Notes to the Financial Statements for the Year Ended 31 March 2025
8 Analysls of support costs
Analysis of direct costs
Cultural &
community
events
Total
202S
Total
2024
Payments to artists
Film costs
Publicity
Other
122,836
22,127
7,194
23,050
122,836
22,127
7,194
23,050
110,316
23,010
10,876
17,060
175,207
175,207
161,262
Analysis ofsupport ¢08ts
Temporary
lgtlings &
Ilcensing
Cultural &
charitablg community
propgrty
events
Total
2025
Total
2024
Fundralslng
Staff Costs
Postage & slalionery
Licensing & subscriptions
Equipment & maintenance
Communications
Premises costs
IT & website support
Professional fees
Sundry
Bank fees
Training
Depreciation
Dilapidation provision
49,765
609
1,535
391
410
14,082
515
703
639
490
127,878
1.567
3,945
1,006
1,055
36,136
1,323
1,807
1,643
1,260
215
1,312
18,682
660
178,303
2,184
5,500
1,402
1,470
50,384
1,845
2.520
2,290
1,757
300
1,418
26,048
275,421
165,922
1.415
2,755
1,446
2,010
79,818
3,447
1,952
1,353
2,126
626
1,676
5,500
20
186
10
98
7,270
76.571
197,829
1.021
270,046
Page 25

Honiton Community Complex TIA The Beehive
Notes to the Financial Statements for the Year Ended 31 March 2025
9 Trustees remuneration and expenses
No Iruslees, nor any persons conneclecs with them, have received any remuneration from the charity
during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the
year.
10 Staff costs
The aggregate payroll costs We￿ as follows..
2025
2024
Staff costs durlng the y•arw•re:
Wages and salaries
Social security eosls
Pension eosts
170.742
4,836
2,725
158,935
4.851
2,136
178,303
165,922
The monthly average number of persons (including senior management I leadership leaml employed
by the charity during the year was as follows..
2025
No
2024
No
Employees
The charitable company operates a defined contribution pension scheme. The assets of the scheme
are held separately from those of the charity In an independently administered fund.
£37612024 - £3731 was payable lo the fund al the balance sheet dale and is included in creditors.
No employee received emoluments of more than £60.000 during Ihe year.
11 Independent examinerfs remunaration
2025
2024
Other fees to examiners
Examinalion-relaled assurance ServI￿S
All other servi¢es
660
1,440
2,100
630
1,170
1,800
Page 26

Honiton Communlty Complex TIA The Beehive
Notes to the Financial Statements for the Year Ended 31 March 2025
12 Taxatlon
The charity is a registered charity and is therefore exempl from taxation.
13 Tangible flxed ass9ts
Long-temi
lea8ehold
property
Plant and
machin9ry
Computer
equipment
Dlgital
equipment
Total
Cost
Al 1 April 2024
Additions
3,992
45.950
4,404
20,9Cfj
2,774
75,252
2,774
Al 31 March 2025
3.992
45,950
4,404
23,680
78,026
Depreciation
At 1 April 2024
Charge for the
year
3,992
45.627
3.876
20,906
74,401
195
528
695
1,418
Al 31 March 2025
3,992
45,822
4,404
21.601
75,819
Net book value
Al 31 March 2025
128
2,079
2,207
Al 31 March 2024
323
528
851
14 Fixed asset Inve8tments
2025
2024
Sha￿s in group undertakings and participating interests
Page 27

Honiton Community Complex TIA The Beehive
Notes to the Financlal Statements for the Year Ended 31 March 2025
Shares in group undertakings and participating interest8
Subsidiary
und¢rtakings
Totsl
Cost
Al 1 April 2024
At 31 March 2025
Net book value
Al 31 March 2025
At 31 March 2024
Detai18 of undertakings
Details of the investments in which the charity holds 20% or more of the nominal value of any class of
share capital are as follows..
Country of
incorporation
Proportlon of voting
rights and Shares held
2025
2024
Prfnclpal
actlvity
Underiaking
Holding
Sub$idiary undertakings
Beehive Hospitality Ltd England & Wales Ordinary
100%
100%
Providing
hospitality
Subsidiaries
The loss for the financial period of Beehive Hospitality Ltd was £2.150 12024 £6141 and the
aggregate amount of capitsl and reserves at the end of the period was £7,97712024 - £10,1271.
15 Stock
2025
2024
Stocks
192
Page 28

Honiton Community Complex TIA The Beehive
Notes to the Financial Statements for the Year Ended 31 March 2025
18 Debtorn
2025
2024
Trade debtors
Prepayments
Other debtors
10,800
7,788
10.535
22,098
6,484
10,000
29,123
38,582
17 Cash and cash equival8nts
2025
2024
Cash at bank
120,776
92,765
18 Creditors: amounts falling due withln ono year
2025
2024
Trade creditors
Other laxalion and social security
Other creditors
Accruals
15,090
2,428
28
61,182
78,706
6,101
2,375
5,894
55,912
70,282
19 Provision$
Lease
provision
Totsl
Al 1 April 2024
Ulilised during the period
Charged lo the statement of recognised gains and losses
Al 31 March 2025
119,0001
2.394
26,048
119,0001
2,394
26.048
42,654
42,654
Page 29

Honiton Community Complex TIA The Beehive
Notes to the Financial Statements for the Year Ended 31 March 2025
20 Funds
Balance at
31 March
2025
8alance at 1
Aprll 2024
Incoming
resources
Resources
expended
Unrestricted funds
General
General
42,056
428,937
1447,8351
23,158
Restrlcted funds
Fundraising
Galling legacy
East Devon Music FeslNal
2,202
3,872
2,000
2,500
12,7931
3,281
2.000
2,500
2,202
8,372
12,7931
7,781
Totsl funds
44,258
437,309
450.628
30,939
Balance at
31 March
2024
Balance at 1
April 2023
Incoming
resources
Resources
expended
Unrestrlcted funds
General
General
51,288
400,066
1409,2981
42,056
Restrictod fund8
Lighting
Fundraising
20,000
4,212
120,0001
12,0101
22,010
2,202
24,212
2,202
Totsl funds
51,288
424,278
431,308
44,258
21 Analysis of net assets between funds
Page 30

Honiton Communlty Complex TIA The Beehive
Notes to the Financlal Statements for the Year Ended 31 March 2025
Unrestricted
funds
General
Total funds
at 31 March
2025
Re8tricted
funds
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Provisions
2,207
2.207
142,310
I78,7￿)
42,6541
23,158
7,781
150,091
178,7061
142,6541
Tol81 nel assets
7,781
30,939
Unrestricted
funds
General
Total funds
at 31 March
2024
Restrlcted
funds
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Provisions
851
851
13D,486
170.2821
119,0001
42,056
2,202
132,688
170,2821
119.000
Total nel assets
2.202
44,258
Page 31

Honlton Community Complex TIA The Beehive
Notes to the Financial Statements for the Year Ended 31 March 2025
22 Related party transa¢tlons
During the year the charity made the following related party transactions..
Included within other debtors is £522 owed lo the charity lo ils subsidiary 12024.. other creditors
£4,444 owed by the charity from ils subsidiary), Beehive Hospitality Limited in respect of transactions
wlh Beehive Hospitality Limited throughout Ihe year.
The transactions can be summarised as follows..
£7,195 12024 £2,389) for sales made by Beehive Hospitality Limited to Honilon Community
Complex.
£10,00012024 - £10,000) quarterly recharge for cafe space and staff to Beehive Hospitality Limited by
Honilon Community Complex.
Donations of £11.00012024 - £28,500) were received from Beehive Hospitality Limited.
Ouring the year HCC received £77,29612024 - £77,769) from Honilon Town Council. S Sexton is
councillor for Honiton Town Council and a Iwslee of Honilon Community Complex.
The transactions can be summarised as follows..
Grants..
Service charge £11,000
Underwriting £58,206
Services provided..
Room hire £6,590
Cleaning £1.500
Membership subscription." £12
Included in other debtors is £10,000 12024." £10.0001 owed to Honilon Community Complex frcffl
Honiton Town Council.
Page 32