## The Hive Silsden CIO 

Charity number 1182526 

## Annual Report and Financial Statements 

## for the year ended 30 April 2022 


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## 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<br>2022<br>Unrestricted<br>funds<br>£<br>**Income from:**<br>Grants and donations<br>(2)<br>8,369<br>General hire<br>17,924<br>Events income<br>13,474<br>Other fees and charges<br>5,998<br>**Total income**<br>45,765<br>**Expenditure on:**<br>Salaries and NI<br>(3)<br>24,750<br>Staff training<br>265<br>Events and activities<br>2,193<br>Volunteer expenses<br>40<br>Marketing and publicity<br>1,933<br>Rates<br>6,682<br>Utilities<br>8,882<br>Insurance<br>2,689<br>Phone and broadband<br>2,269<br>Licences<br>160<br>Repairs and maintenance<br>5,678<br>Cleaning and waste<br>1,119<br>Health and safety<br>641<br>Equipment<br>688<br>Printing, postage and stationery<br>649<br>Software and IT<br>699<br>Other administrative costs<br>261<br>Food and refreshments<br>675<br>Memberships and subscriptions<br>1,108<br>Independent examination<br>720<br>Banking charges<br>376<br>Depreciation<br>258<br>**Total expenditure**<br>62,735<br>**Net income / (expenditure)**<br>(16,970)<br>**Transfers between funds**<br>132<br>**Net movement in funds**<br>(16,838)<br>**Fund balances brought forward**<br>21,375<br>**Fund balances carried forward**<br>(4)<br>4,537|2022<br>Restricted<br>funds<br>£<br>61,520<br>-<br>-<br>-<br>61,520<br>46,549<br>-<br>2,000<br>-<br>-<br>1,250<br>-<br>-<br>-<br>-<br>5,789<br>-<br>-<br>-<br>-<br>-<br>1,200<br>-<br>-<br>-<br>-<br>-<br>56,788<br>4,732<br>(132)<br>4,600<br>1,200<br>5,800|2022<br>Total<br>funds<br>£<br>69,889<br>17,924<br>13,474<br>5,998<br>107,285<br>71,299<br>265<br>4,193<br>40<br>1,933<br>7,932<br>8,882<br>2,689<br>2,269<br>160<br>11,467<br>1,119<br>641<br>688<br>649<br>699<br>1,461<br>675<br>1,108<br>720<br>376<br>258<br>119,523<br>(12,238)<br>-<br>(12,238)<br>22,575<br>10,337|2021<br>Total<br>funds<br>£<br>82,038<br>10,345<br>1,354<br>-<br>93,737<br>57,294<br>268<br>1,168<br>20<br>770<br>1,002<br>12,303<br>2,415<br>958<br>1,263<br>10,830<br>2,154<br>804<br>1,129<br>625<br>940<br>6,411<br>203<br>667<br>720<br>-<br>250<br>102,194<br>(8,457)<br>-<br>(8,457)<br>31,032<br>22,575|
|---|---|---|---|



All incoming resources and resources expended derive from continuing activities. 

5 



## The Hive Silsden CIO 

## Balance sheet 

|as at 30 April 2022<br>2022<br>Unrestricted<br>£<br>**Fixed assets**<br>Tangible assets<br>(5)<br>624<br>**Total fixed assets**<br>624<br>**Current assets**<br>Debtors and prepayments<br>(6)<br>5,100<br>Cash at bank and in hand<br>(7)<br>16,283<br>**Total current assets**<br>21,383<br>**Current liabilities:**<br>**amounts falling due within one year**<br>Creditors and accruals<br>(8)<br>17,470<br>**Total current liabilities**<br>17,470<br>**Net current assets / (liabilities)**<br>3,913<br>**Net assets**<br>4,537<br>**Funds**<br>Unrestricted funds<br>4,537<br>Restricted funds<br>-<br>**Total funds**<br>4,537|2022<br>Restricted<br>£<br>-<br>-<br>-<br>5,800<br>5,800<br>-<br>-<br>5,800<br>5,800<br>-<br>5,800<br>5,800|2022<br>Total<br>£<br>624<br>624<br>5,100<br>22,083<br>27,183<br>17,470<br>17,470<br>9,713<br>10,337<br>4,537<br>5,800<br>10,337|2021<br>Total<br>£<br>750<br>750<br>8,464<br>21,750<br>30,214<br>8,389<br>8,389<br>21,825<br>22,575<br>21,375<br>1,200<br>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**<br>2022<br>Unrestricted<br>funds<br>£<br>Arnold Clark<br>3,000<br>Charities Trust<br>1,000<br>Bradford Met. Dist. Council (BMDC)<br>-<br>HMRC Job Retention Scheme grant (JRS)<br>-<br>Playspace<br>-<br>Silsden Aid in Sickness<br>-<br>Silsden Town Council<br>-<br>Warburtons<br>-<br>Woodward Trust<br>-<br>Charities Aid Foundation (CAF)<br>-<br>Co-op Community fund<br>-<br>Leeds Community Foundation<br>-<br>National Lottery Community Fund (NLCF)<br>-<br>Other grants and donations<br>4,369<br>8,369<br>**3 Staff costs and numbers**<br>Gross salaries<br>Pensions|2022<br>Restricted<br>funds<br>£<br>-<br>-<br>8,367<br>4,732<br>5,000<br>5,421<br>38,000<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>61,520|2022<br>Total<br>funds<br>£<br>3,000<br>1,000<br>8,367<br>4,732<br>5,000<br>5,421<br>38,000<br>-<br>-<br>-<br>-<br>-<br>-<br>4,369<br>69,889<br>2022<br>£<br>70,700<br>599<br>71,299|2021<br>Total<br>funds<br>£<br>-<br>-<br>20,430<br>18,676<br>-<br>5,000<br>-<br>400<br>1,000<br>11,000<br>2,337<br>10,000<br>9,900<br>3,295<br>82,038<br>2021<br>£<br>56,944<br>350<br>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<br>2021|
||Costs of the scheme to the charity for the year|||£<br>£<br>599<br>350|
||Amount of any contributions outstanding at the year end|||93<br>143|
|**4 **|**Restricted funds**|Balance b/f<br>Incoming<br>Outgoing<br>Transfers<br>Balance c/f|||
||Groundwork UK|£<br>1,200||£<br>£<br>£<br>£<br>-<br>1,200<br>-<br>-|
||BMDC Community Fund|-||1,250<br>1,250<br>-<br>-|
||BMDC Omicron Sport & Leisure|-||3,817<br>3,817<br>-<br>-|
||BMDC Community Chest (CC)|||500<br>368<br>(132)<br>-|
||BMDC CC Sports Eqpmt|-||800<br>-<br>-<br>800|
||BMDC Keighley Coordinators|-||2,000<br>2,000<br>-<br>-|
||Silsden Town Council Core|-||30,000<br>30,000<br>-<br>-|
||HMRC JRS|-||4,732<br>4,732<br>-<br>-|
||Youth Club|-||8,000<br>8,000<br>-<br>-|
||Silsden Aid in Sickness|-||5,421<br>5,421<br>-<br>-|
||Playspace|-||5,000<br>-<br>-<br>5,000|
|||1,200||61,520<br>56,788<br>(132)<br>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**<br>**Cost**<br>At 1 May 2021<br>Additions<br>At 30 April 2022<br>**Depreciation**<br>At 1 May 2021<br>Charge for year<br>At 30 April 2022<br>**Net book value**<br>At 30 April 2022<br>At 30 April 2021<br> **Debtors and prepayments**<br>Debtors<br>Prepayments<br> **Cash at bank and in hand**<br>Cash at bank<br>Cash in hand|£<br>1,000<br>132<br>1,132<br>250<br>258<br>508<br>624<br>750<br>2022<br>£<br>4,219<br>881<br>5,100<br>2022<br>£<br>22,003<br>80<br>22,083<br>Office<br>equipment|Total<br>£<br>1,000<br>132<br>1,132<br>250<br>258<br>508<br>624<br>750<br>2021<br>£<br>7,393<br>1,071<br>8,464<br>2021<br>£<br>21,375<br>375<br>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**<br>Creditors<br>Accruals<br>Taxation and social security<br>Other creditors|2022<br>£<br>9,118<br>2,868<br>3,576<br>1,908<br>17,470|2021<br>£<br>6,725<br>1,664<br>-<br>-<br>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<br>2021<br>Unrestricted Unrestricted<br>funds<br>funds<br>£<br>£<br>**Income**<br>Grants and donations<br>8,369<br>20,906<br>General hire<br>17,924<br>10,345<br>Events income<br>13,474<br>1,354<br>Other fees and charges<br>5,998<br>-<br>**Total income**<br>45,765<br>32,605<br>**Expenditure**<br>Salaries and NI<br>24,750<br>15,251<br>Staff training<br>265<br>-<br>Events and activities<br>2,193<br>-<br>Volunteer expenses<br>40<br>-<br>Marketing and publicity<br>1,933<br>-<br>Rates<br>6,682<br>-<br>Utilities<br>8,882<br>-<br>Insurance<br>2,689<br>-<br>Phone and broadband<br>2,269<br>-<br>Licences<br>160<br>-<br>Repairs and maintenance<br>5,678<br>4,750<br>Cleaning and waste<br>1,119<br>2,154<br>Health and safety<br>641<br>387<br>Equipment<br>688<br>1,000<br>Printing, postage and stationery<br>649<br>-<br>Software and IT<br>699<br>-<br>Other administrative costs<br>261<br>-<br>Food and refreshments<br>675<br>-<br>Memberships and subscriptions<br>1,108<br>-<br>Independent examination<br>720<br>-<br>Banking charges<br>376<br>-<br>Depreciation<br>258<br>250<br>**Total expenditure**<br>62,735<br>23,792<br>**Net income / (expenditure)**<br>(16,970)<br>8,813<br>**Transfers between funds**<br>132<br>1,000<br>**Net movement in funds**<br>(16,838)<br>9,813<br>**Fund balances brought forward**<br>21,375<br>11,562<br>**Fund balances carried forward**<br>4,537<br>21,375|2022<br>Restricted<br>funds<br>£<br>61,520<br>-<br>-<br>-<br>61,520<br>46,549<br>-<br>2,000<br>-<br>-<br>1,250<br>-<br>-<br>-<br>-<br>5,789<br>-<br>-<br>-<br>-<br>-<br>1,200<br>-<br>-<br>-<br>-<br>-<br>56,788<br>4,732<br>(132)<br>4,600<br>1,200<br>5,800|2021<br>Restricted<br>funds<br>£<br>61,132<br>61,132<br>42,043<br>268<br>1,168<br>20<br>770<br>1,002<br>12,303<br>2,415<br>958<br>1,263<br>6,080<br>-<br>417<br>129<br>625<br>940<br>6,411<br>203<br>667<br>720<br>-<br>-<br>78,402<br>(17,270)<br>(1,000)<br>(18,270)<br>19,470<br>1,200|2022<br>Total<br>funds<br>£<br>69,889<br>17,924<br>13,474<br>5,998<br>107,285<br>71,299<br>265<br>4,193<br>40<br>1,933<br>7,932<br>8,882<br>2,689<br>2,269<br>160<br>11,467<br>1,119<br>641<br>688<br>649<br>699<br>1,461<br>675<br>1,108<br>720<br>376<br>258<br>119,523<br>(12,238)<br>-<br>(12,238)<br>22,575<br>10,337|2021<br>Total<br>funds<br>£<br>82,038<br>10,345<br>1,354<br>-<br>93,737<br>57,294<br>268<br>1,168<br>20<br>770<br>1,002<br>12,303<br>2,415<br>958<br>1,263<br>10,830<br>2,154<br>804<br>1,129<br>625<br>940<br>6,411<br>203<br>667<br>720<br>-<br>250<br>102,194<br>(8,457)<br>-<br>(8,457)<br>31,032<br>22,575|
|---|---|---|---|---|



11