## The Hive Silsden CIO
Charity number 1182526
## Annual Report and Financial Statements
## for the year ended 30 April 2021
## The Hive Silsden CIO
## Annual Report and Financial Statements for the year ended 30 April 2021
|**Contents**|**Page**|
|---|---|
|Trustees' report|2 to 3|
|Examiner's report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the accounts|7 to 12|
**Prepared by West Yorkshire Community Accounting Service**
1
## The Hive Silsden CIO
## Trustees' report for the year ended 30 April 2021
## **Reference and administrative details of the charity, its trustees and advisors**
The trustees during the financial year and up to and including the date the report was approved were: **Name Position Dates** Janet Russell Chair Helen Aked Treasurer Keith Moran Piers Lane Appointed October 2020 Jana Young Andrew Robertson **Charity number** 1182526 Registered in England and Wales **Registered and principal address Bankers** The Hive Co-operative Bank plc 53-55 Elliott Street Skelmersdale Silsden WN8 6WT Keighley BD20 0DE
## **Independent examiner**
Simon Bostrom FCIE **West Yorkshire Community Accounting Service** Stringer House 34 Lupton Street Leeds LS10 2QW
## **Structure, governance and management**
The charity is a Charitable Incorporated Organisation (CIO) formed on 19 Mar 2019 and is governed by a constitution.
## **Method of recruitment and appointment of trustees**
The charity is a foundation and therefore the members of the charity are its trustees. Trustees may be appointed at any time, however a trustee who has served for three consecutive terms (of three years) may not be reappointed for a fourth consecutive term but may be reappointed after an interval of at least one year.
2
## The Hive Silsden CIO
## Trustees' report (continued) for the year ended 30 April 2021
## **Objectives and activities**
## **The charity's objects**
To further or benefit the residents of Silsden, West Yorkshire and the neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for the residents.
In furtherance of these objects but not otherwise, the trustees shall have power: to establish or secure the establishment of a community resource centre and to maintain or manage or co-operate with any statutory authority in the maintenance and management of such a facility for activities promoted by the charity in furtherance of the above objects.
## **The charity's main activities**
Running of a community centre, ensuring we have a venue for use by the community of Silsden and surrounding areas. We provide a venue to hire and provide additional events and activities for the community.
## **Public benefit statement**
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit.
## **Achievements and performance**
This has been a challenging year for The Hive as it has for many organisations due to the Covid 19 pandemic. The centre has been closed for much of the year due to national lockdowns and has operated under the highest restrictions for non lockdown periods due to its location in a Tier 3 area.
There has been pent up demand for our services though so when restrictions permitted we opened for a number of our regular groups including Weight Watchers, Patchwork Group, Silsden Singers, baby and toddler groups and kids summer holiday activities.
We have relied on grants from Bradford Council, the CAF Resilience Fund and government support via the Coronavirus Job Retention Scheme together with a number of smaller grants to maintain our cash flow during the year although our income statement shows a deficit of over £9k despite that support.
## **Financial review**
The net expenditure for the year was £8,457, including net income of £9,813 on unrestricted funds and net expenditure of £18,270 on restricted funds.
## **Reserves policy**
The charity's free reserves, excluding fixed assets, at the year end were £20,625.
We have not yet adopted a formal reserves policy. This is part of our business improvement plan for this year.
Signed on behalf of the board of trustees on 17/11/2021
Janet Russell (Trustee)
3
## The Hive Silsden CIO
## Independent examiner's report to the trustees of The Hive Silsden CIO
I report to the charity trustees on my examination of the accounts of the CIO for the year ended 30 April 2021, which are set out on pages 5 to 12.
## **Responsibilities and basis of report**
As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the CIO's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
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:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act; 2 the accounts do not accord with those records; or
- 3 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Simon Bostrom FCIE
16/12/2021
## **West Yorkshire Community Accounting Service**
Stringer House 34 Lupton Street Leeds LS10 2QW
4
## The Hive Silsden CIO
## Statement of Financial Activities
## (including summary income and expenditure account) for the year ended 30 April 2021
|Notes
2021
Unrestricted
funds
£
**Income from:**
Grants and donations
(2)
20,906
General hire
10,345
Events income
1,354
Other fees and charges
-
**Total income**
32,605
**Expenditure on:**
Salaries and NI
(3)
15,251
Staff training
-
Events and activities
-
Volunteer expenses
-
Marketing and publicity
-
Rates
-
Utilities
-
Insurance
-
Phone and broadband
-
Licences
-
Repairs and maintenance
4,750
Cleaning and waste
2,154
Health and safety
387
Equipment
1,000
Printing, postage and stationery
-
Software and IT
-
Other administrative costs
-
Food and refreshments
-
Memberships and subscriptions
-
Independent examination
-
Depreciation
250
**Total expenditure**
23,792
**Net income / (expenditure)**
8,813
**Transfers between funds**
(4)
1,000
**Net movement in funds**
9,813
**Fund balances brought forward**
11,562
**Fund balances carried forward**
(4)
21,375|2021
Restricted
funds
£
61,132
-
-
-
61,132
42,043
268
1,168
20
770
1,002
12,303
2,415
958
1,263
6,080
-
417
129
625
940
6,411
203
667
720
-
78,402
(17,270)
(1,000)
(18,270)
19,470
1,200|2021
Total
funds
£
82,038
10,345
1,354
-
93,737
57,294
268
1,168
20
770
1,002
12,303
2,415
958
1,263
10,830
2,154
804
1,129
625
940
6,411
203
667
720
250
102,194
(8,457)
-
(8,457)
31,032
22,575|2020
Total
funds
£
46,743
27,189
1,447
4,846
80,225
29,644
524
3,400
116
537
1,790
6,078
2,318
1,001
710
3,654
2,866
1,320
1,289
545
478
1,165
429
586
720
-
59,170
21,055
-
21,055
9,977
31,032|
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
5
## The Hive Silsden CIO
## Balance sheet
|as at 30 April 2021
2021
Unrestricted
£
**Fixed assets**
Tangible assets
(5)
750
**Total fixed assets**
750
**Current assets**
Debtors and prepayments
(6)
7,382
Cash at bank and in hand
(7)
21,632
**Total current assets**
29,014
**Current liabilities:**
**amounts falling due within one year**
Creditors and accruals
(8)
8,389
**Total current liabilities**
8,389
**Net current assets / (liabilities)**
20,625
**Net assets**
21,375
**Funds**
Unrestricted funds
21,375
Restricted funds
-
**Total funds**
21,375|2021
Restricted
£
-
-
1,082
118
1,200
-
-
1,200
1,200
-
1,200
1,200|2021
Total
£
750
750
8,464
21,750
30,214
8,389
8,389
21,825
22,575
21,375
1,200
22,575|2020
Total
£
-
-
7,868
24,671
32,539
1,507
1,507
31,032
31,032
11,562
19,470
31,032|
|---|---|---|---|
The financial statements were approved by the board of trustees on 17/11/2021
Janet Russell (Trustee)
6
## The Hive Silsden CIO
## Notes to the accounts
for the year ended 30 April 2021
## **1 Accounting policies**
## **Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.
## **Going concern**
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
## **Incoming resources**
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
## **Grants and donations**
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.
## **Expenditure and liabilities**
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
## **Taxation**
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
## **Tangible fixed assets**
Tangible fixed assets costing more than £500 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives.
## **Pensions**
The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
7
## The Hive Silsden CIO
## Notes to the accounts continued
## for the year ended 30 April 2021
|**2 Grants and donations**
Charities Aid Foundation (CAF)
City of Bradford Met. Dist. Council (CBMDC)
Co-op Community fund
HMRC Job Retention Scheme grant (JRS)
Leeds Community Foundation
National Lottery Community Fund (NLCF)
Silsden Aid in Sickness
Warburtons
Woodward Trust
ABCD funding
Asda
Groundwork UK
Keighley Community Chest
Neighbourly
Silsden Town Council
Yorkshire Building Society
Other grants and donations
**3 Staff costs and numbers**
Gross salaries
Social security costs
Pensions|2021
Unrestricted
funds
£
-
17,431
-
-
-
-
-
400
-
-
-
-
-
-
-
-
3,075
20,906|2021
Restricted
funds
£
11,000
2,999
2,337
18,676
10,000
9,900
5,000
-
1,000
-
-
-
-
-
220
61,132|2021
Total
funds
£
11,000
20,430
2,337
18,676
10,000
9,900
5,000
400
1,000
-
-
-
-
-
-
3,295
82,038
2021
£
56,944
-
350
57,294|2020
Total
funds
£
-
12,500
1,196
823
-
-
-
250
-
480
350
10,185
500
400
15,500
1,884
2,675
46,743
2020
£
29,529
-
115
29,644|
|---|---|---|---|---|
The average number employees during the year was 5.9, being an average of 2.3 full time equivalent (2020: 4, 1.3 FTE). There were no employees with emoluments above £60,000.
|**Defined contribution pension scheme**|2021|2020|
|---|---|---|
||£|£|
|Costs of the scheme to the charity for the year|350|115|
|Amount of any contributions outstanding at the year end|143|19|
8
## The Hive Silsden CIO
## Notes to the accounts continued
## for the year ended 30 April 2021
|**4 Restricted funds**
ABCD soft play
Groundwork UK
Co-op Community Fund
CBMDC Community Fund
Yorkshire Building Society
Silsden Town Council core
HMRC JRS
CAF Resilience
NLCF
Silsden Aid in Sickness
Leeds Community Foundation
Woodward Trust
CBMDC small grants
Silsden Christmas donations|Balance b/f
£
64
9,960
1,196
1,260
1,558
5,432
-
-
-
-
-
-
-
-
19,470|Incoming
£
-
-
2,337
2,500
-
-
18,676
11,000
9,900
5,000
10,000
1,000
499
220
61,132|Outgoing
£
64
8,760
3,533
3,760
1,558
5,432
18,676
11,000
9,400
5,000
9,500
1,000
499
220
78,402|Transfers
£
-
-
-
-
-
-
-
-
(500)
-
(500)
-
-
-
(1,000)|Balance c/f
£
-
1,200
-
-
-
-
-
-
-
-
-
-
-
-
1,200|
|---|---|---|---|---|---|
## **Fund name Purpose of restriction**
ABCD soft play Groundwork UK Co-op Community Fund
CBMDC Community Fund Yorkshire Building Society Silsden Town Council core HMRC JRS CAF Resilience
NLCF
Silsden Aid in Sickness Leeds Community Foundation
Woodward Trust CBMDC small grants Silsden Christmas donations
Towards the purchase of soft play equipment Towards the Pre-school start-up and business development Originally towards the resurfacing of the MUGA, however, due to COVID it was suggested we could use it for core costs
Community Buildings funding towards the costs of operating the property Towards running costs
Towards the charity's running costs
Job Retention Scheme funding to cover furloughed staff salaries Towards salaries for 1 employee not on furlough along with additional costs for working at home and running costs.
To support the role of a Resilience Co-ordinator to enable us to adapt to an alternative way of offering services (the transfer relates to the purchase of equipment for the general purpose of the charity).
Towards replacement of the shutters
To support the role of a Resilience Co-ordinator to enable us to adapt to an alternative way of offering services (the transfer relates to the purchase of equipment for the general purpose of the charity).
Towards playscheme activities Towards equipment costs Donations towards Christmas activities
9
## The Hive Silsden CIO
## Notes to the accounts continued
## for the year ended 30 April 2021
|**5 **
**6 **
**7 **
**8 **|**Tangible assets**
**Cost**
At 1 May 2020
Additions
At 30 April 2021
**Depreciation**
At 1 May 2020
Charge for year
At 30 April 2021
**Net book value**
At 30 April 2021
At 30 April 2020
**Debtors and prepayments**
Debtors
Prepayments
**Cash at bank and in hand**
Cash at bank
Cash in hand
**Creditors and accruals**
Creditors
Accruals|£
-
1,000
1,000
-
250
250
750
-
2021
£
7,393
1,071
8,464
2021
£
21,375
375
21,750
2021
£
6,725
1,664
8,389
Office
equipment|Total
£
-
1,000
1,000
-
250
250
750
-
2020
£
7,576
292
7,868
2020
£
24,621
50
24,671
2020
£
787
720
1,507|
|---|---|---|---|
10
## The Hive Silsden CIO
## Notes to the accounts continued
for the year ended 30 April 2021
## **9 Related party transactions**
## **Trustee expenses**
No trustee received any expenses during this year or the previous year.
## **Trustee remuneration and benefits**
No trustee received any remuneration or benefit during this or the previous year.
## **Remuneration and benefits received by key management personnel**
The key management personnel of the charity include the trustees and Centre Manager. The total employee benefits received by the Centre Manager were £15,253 (2020: £10,400).
No trustee received any remuneration or benefit in this capacity during this or the previous year.
11
## The Hive Silsden CIO
## Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 30 April 2021
|2021
2020
Unrestricted Unrestricted
funds
funds
£
£
**Income**
Grants and donations
20,906
13,075
General hire
10,345
27,189
Events income
1,354
1,447
Other fees and charges
-
4,846
**Total income**
32,605
46,557
**Expenditure**
Salaries and NI
15,251
28,821
Staff training
-
274
Events and activities
-
2,550
Volunteer expenses
-
116
Marketing and publicity
-
312
Rates
-
-
Utilities
-
-
Insurance
-
-
Phone and broadband
-
-
Licences
-
573
Repairs and maintenance
4,750
-
Cleaning and waste
2,154
-
Health and safety
387
331
Equipment
1,000
84
Printing, postage and stationery
-
533
Software and IT
-
478
Other administrative costs
-
1,165
Food and refreshments
-
429
Memberships and subscriptions
-
586
Independent examination
-
720
Depreciation
250
-
**Total expenditure**
23,792
36,972
**Net income / (expenditure)**
8,813
9,585
**Transfers between funds**
1,000
-
Other recognised gains/(losses):
Gains/(losses) on revaluation of fixed
-
-
Other gains/(losses)
-
-
**Net movement in funds**
9,813
9,585
**Fund balances brought forward**
11,562
1,977
**Fund balances carried forward**
21,375
11,562|2021
Restricted
funds
£
61,132
-
-
-
61,132
42,043
268
1,168
20
770
1,002
12,303
2,415
958
1,263
6,080
-
417
129
625
940
6,411
203
667
720
-
78,402
(17,270)
(1,000)
-
-
(18,270)
19,470
1,200|2020
Restricted
funds
£
33,668
-
-
-
33,668
823
250
850
-
225
1,790
6,078
2,318
1,001
137
3,654
2,866
989
1,205
12
-
-
-
-
-
-
22,198
11,470
11,470
8,000
19,470|2021
Total
funds
£
82,038
10,345
1,354
-
93,737
57,294
268
1,168
20
770
1,002
12,303
2,415
958
1,263
10,830
2,154
804
1,129
625
940
6,411
203
667
720
250
102,194
(8,457)
-
-
-
(8,457)
31,032
22,575|2020
Total
funds
£
46,743
27,189
1,447
4,846
80,225
29,644
524
3,400
116
537
1,790
6,078
2,318
1,001
710
3,654
2,866
1,320
1,289
545
478
1,165
429
586
720
-
59,170
21,055
-
-
-
21,055
9,977
31,032|
|---|---|---|---|---|
12