The Hive Silsden CIO
Charity number 1182526
Annual Report and Financial Statements
for the year ended 30 April 2022
----- Start of picture text -----
Group's logo
----- End of picture text -----
The Hive Silsden CIO
Annual Report and Financial Statements for the year ended 30 April 2022
| 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 11 |
Prepared by West Yorkshire Community Accountancy Service CIO
1
The Hive Silsden CIO
Trustees' report for the year ended 30 April 2022
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
Position Dates Janet Russell Chair Helen Aked Treasurer Keith Moran Piers Lane Jana Young Andrew Robertson
Resigned 18 November 2021 Resigned 21 October 2022 Resigned 21 October 2022
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 Accountancy Service CIO
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 2022
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 another challenging year for The Hive as we moved out of lockdown into some activities limited by permitted numbers and spacing in light of the continuing Covid 19 pandemic. Our Preschool opening was delayed from spring to autumn, and finally achieved in October ’21, rather than the beginning of term in September. This led to low starting numbers, and therefore lower income. Government funding is paid 3 months in arrears, and we had to act quickly to get the funding in place to tide us over this lean period, where government grants were closing down. We received financial support from Silsden Town Council, who remain positive about our contribution to local residents. Regular hirers started to return, holding groups with carefully controlled spacing (reducing the number of possible participants) and leaving doors and windows open for ventilation. These groups included Weight Watchers, Patchwork Group, Silsden Singers, baby and toddler groups and kids summer holiday activities.
Financial review
The net expenditure for the year was £12,238, including net expenditure of £16,838 on unrestricted funds and net income of £4,600 on restricted funds after transfers.
Reserves policy
The charity's free reserves, excluding fixed assets, at the year end were £3,913.
We are still working towards adopting a formal reserves policy. This is part of our business improvement plan and will be completed before our next financial year end.
Approved by the board of trustees on 15/2/2023
Helen Aked (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 2022, which are set out on pages 5 to 11.
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
22/2/23
West Yorkshire Community Accountancy Service CIO
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 2022
| Notes 2022 Unrestricted funds £ Income from: Grants and donations (2) 8,369 General hire 17,924 Events income 13,474 Other fees and charges 5,998 Total income 45,765 Expenditure on: Salaries and NI (3) 24,750 Staff training 265 Events and activities 2,193 Volunteer expenses 40 Marketing and publicity 1,933 Rates 6,682 Utilities 8,882 Insurance 2,689 Phone and broadband 2,269 Licences 160 Repairs and maintenance 5,678 Cleaning and waste 1,119 Health and safety 641 Equipment 688 Printing, postage and stationery 649 Software and IT 699 Other administrative costs 261 Food and refreshments 675 Memberships and subscriptions 1,108 Independent examination 720 Banking charges 376 Depreciation 258 Total expenditure 62,735 Net income / (expenditure) (16,970) Transfers between funds 132 Net movement in funds (16,838) Fund balances brought forward 21,375 Fund balances carried forward (4) 4,537 |
2022 Restricted funds £ 61,520 - - - 61,520 46,549 - 2,000 - - 1,250 - - - - 5,789 - - - - - 1,200 - - - - - 56,788 4,732 (132) 4,600 1,200 5,800 |
2022 Total funds £ 69,889 17,924 13,474 5,998 107,285 71,299 265 4,193 40 1,933 7,932 8,882 2,689 2,269 160 11,467 1,119 641 688 649 699 1,461 675 1,108 720 376 258 119,523 (12,238) - (12,238) 22,575 10,337 |
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 |
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
5
The Hive Silsden CIO
Balance sheet
| as at 30 April 2022 2022 Unrestricted £ Fixed assets Tangible assets (5) 624 Total fixed assets 624 Current assets Debtors and prepayments (6) 5,100 Cash at bank and in hand (7) 16,283 Total current assets 21,383 Current liabilities: amounts falling due within one year Creditors and accruals (8) 17,470 Total current liabilities 17,470 Net current assets / (liabilities) 3,913 Net assets 4,537 Funds Unrestricted funds 4,537 Restricted funds - Total funds 4,537 |
2022 Restricted £ - - - 5,800 5,800 - - 5,800 5,800 - 5,800 5,800 |
2022 Total £ 624 624 5,100 22,083 27,183 17,470 17,470 9,713 10,337 4,537 5,800 10,337 |
2021 Total £ 750 750 8,464 21,750 30,214 8,389 8,389 21,825 22,575 21,375 1,200 22,575 |
|---|---|---|---|
The financial statements were approved by the board of trustees on 15/2/2023
Helen Aked (Trustee)
6
The Hive Silsden CIO
Notes to the accounts
for the year ended 30 April 2022
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 as follows: Computer equipment: over 4 years
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 2022
| 2 Grants and donations 2022 Unrestricted funds £ Arnold Clark 3,000 Charities Trust 1,000 Bradford Met. Dist. Council (BMDC) - HMRC Job Retention Scheme grant (JRS) - Playspace - Silsden Aid in Sickness - Silsden Town Council - Warburtons - Woodward Trust - Charities Aid Foundation (CAF) - Co-op Community fund - Leeds Community Foundation - National Lottery Community Fund (NLCF) - Other grants and donations 4,369 8,369 3 Staff costs and numbers Gross salaries Pensions |
2022 Restricted funds £ - - 8,367 4,732 5,000 5,421 38,000 - - - - - - - 61,520 |
2022 Total funds £ 3,000 1,000 8,367 4,732 5,000 5,421 38,000 - - - - - - 4,369 69,889 2022 £ 70,700 599 71,299 |
2021 Total funds £ - - 20,430 18,676 - 5,000 - 400 1,000 11,000 2,337 10,000 9,900 3,295 82,038 2021 £ 56,944 350 57,294 |
|---|---|---|---|
| The average number of employees | during the year was | during the year was | 7.1, being an average of 3.4 full time equivalent (2021: | |
|---|---|---|---|---|
| 5.9, 2.3 FTE). There were no employees with emoluments above £60,000. | ||||
| Defined contribution pension scheme | 2022 2021 |
|||
| Costs of the scheme to the charity for the year | £ £ 599 350 |
|||
| Amount of any contributions outstanding at the year end | 93 143 |
|||
| **4 ** | Restricted funds | Balance b/f Incoming Outgoing Transfers Balance c/f |
||
| Groundwork UK | £ 1,200 |
£ £ £ £ - 1,200 - - |
||
| BMDC Community Fund | - | 1,250 1,250 - - |
||
| BMDC Omicron Sport & Leisure | - | 3,817 3,817 - - |
||
| BMDC Community Chest (CC) | 500 368 (132) - |
|||
| BMDC CC Sports Eqpmt | - | 800 - - 800 |
||
| BMDC Keighley Coordinators | - | 2,000 2,000 - - |
||
| Silsden Town Council Core | - | 30,000 30,000 - - |
||
| HMRC JRS | - | 4,732 4,732 - - |
||
| Youth Club | - | 8,000 8,000 - - |
||
| Silsden Aid in Sickness | - | 5,421 5,421 - - |
||
| Playspace | - | 5,000 - - 5,000 |
||
| 1,200 | 61,520 56,788 (132) 5,800 |
8
Notes to the accounts continued
The Hive Silsden CIO
for the year ended 30 April 2022
4 Restricted funds continued
Fund name
Purpose of restriction
Groundwork UK BMDC Community Fund
BMDC Omicron Sport & Leisure BMDC Community Chest (CC)
BMDC CC Sports Eqpmt BMDC Keighley Coordinators Silsden Town Council Core HMRC JRS Youth Club Silsden Aid in Sickness Playspace
Towards the pre-school start-up and business development Funding from Bradford Metropolitan District Council (BMDC) towards the costs of operating the property
funding to support to hospitality, leisure and accommodation businesses Funding towards community based leisure/cultural activities in the Bradford West area
Funding towards sports equipment Funding to promote engagement with communities after Covid 19 To support the charity's running costs To cover salaries of furloughed staff Funding to support the Youth Club activities Funding from Harry Tilotson Trust for essential electrical works To support work with disadvantaged young people
| Tangible assets Cost At 1 May 2021 Additions At 30 April 2022 Depreciation At 1 May 2021 Charge for year At 30 April 2022 Net book value At 30 April 2022 At 30 April 2021 Debtors and prepayments Debtors Prepayments Cash at bank and in hand Cash at bank Cash in hand |
£ 1,000 132 1,132 250 258 508 624 750 2022 £ 4,219 881 5,100 2022 £ 22,003 80 22,083 Office equipment |
Total £ 1,000 132 1,132 250 258 508 624 750 2021 £ 7,393 1,071 8,464 2021 £ 21,375 375 21,750 |
|---|---|---|
5 Tangible assets
6 Debtors and prepayments
7 Cash at bank and in hand
9
The Hive Silsden CIO
Notes to the accounts continued
for the year ended 30 April 2022
| 8 Creditors and accruals Creditors Accruals Taxation and social security Other creditors |
2022 £ 9,118 2,868 3,576 1,908 17,470 |
2021 £ 6,725 1,664 - - 8,389 |
|---|---|---|
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 total employee benefits received were £19,202 (previous year: £15,253).
Other related party transactions
Helen Aked (Trustee) is a principal in a firm which has provided the use of Quickbooks software at cost to the charity.
10
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 2022
| 2022 2021 Unrestricted Unrestricted funds funds £ £ Income Grants and donations 8,369 20,906 General hire 17,924 10,345 Events income 13,474 1,354 Other fees and charges 5,998 - Total income 45,765 32,605 Expenditure Salaries and NI 24,750 15,251 Staff training 265 - Events and activities 2,193 - Volunteer expenses 40 - Marketing and publicity 1,933 - Rates 6,682 - Utilities 8,882 - Insurance 2,689 - Phone and broadband 2,269 - Licences 160 - Repairs and maintenance 5,678 4,750 Cleaning and waste 1,119 2,154 Health and safety 641 387 Equipment 688 1,000 Printing, postage and stationery 649 - Software and IT 699 - Other administrative costs 261 - Food and refreshments 675 - Memberships and subscriptions 1,108 - Independent examination 720 - Banking charges 376 - Depreciation 258 250 Total expenditure 62,735 23,792 Net income / (expenditure) (16,970) 8,813 Transfers between funds 132 1,000 Net movement in funds (16,838) 9,813 Fund balances brought forward 21,375 11,562 Fund balances carried forward 4,537 21,375 |
2022 Restricted funds £ 61,520 - - - 61,520 46,549 - 2,000 - - 1,250 - - - - 5,789 - - - - - 1,200 - - - - - 56,788 4,732 (132) 4,600 1,200 5,800 |
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 |
2022 Total funds £ 69,889 17,924 13,474 5,998 107,285 71,299 265 4,193 40 1,933 7,932 8,882 2,689 2,269 160 11,467 1,119 641 688 649 699 1,461 675 1,108 720 376 258 119,523 (12,238) - (12,238) 22,575 10,337 |
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 |
|---|---|---|---|---|
11