## The Hive Silsden CIO
Charity number 1182526
## Annual Report and Financial Statements
for the year ended 30 April 2024
## The Hive Silsden CIO
## Annual Report and Financial Statements for the year ended 30 April 2024
|**Contents**|**Page**|
|---|---|
|Trustees' report|2 to 4|
|Examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the accounts|8 to 13|
## **Prepared by West Yorkshire Community Accountancy Service CIO**
1
## The Hive Silsden CIO
## Trustees' report for the year ended 30 April 2024
## **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** Janet Russell Chair Peter Marshall Treasurer Peter Britton Treasurer Stephanie Calvert-Smith Rachel Miller Andrew Robertson Mark Wogden Mark Whitrod
Appointed 10 January 2025 Resigned 21 February 2025 Appointed 27 June 2023 Resigned 17 June 2024 Resigned 21 February 2025
Resigned 31 October 2023 Appointed 17 May 2023 Appointed 15 January 2024 Resigned 18 November 2024 Appointed 28 March 2024
Janet Jones
## **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**
Rhys North ACA **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) foundation formed on 19 March 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 2024
## **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**
As we moved into 2024 the run of Covid had still not disappeared, and the cost of living was still hurting a lot of families. We were keeping a wary eye on the costs of utilities for the building, whilst continuing to help our community through difficult times.
Our Preschool was growing, making sure that more people whose families were still very young could go out to work. Bradford's midwives and health visitors continued to run services from our healthcare room, and we took on an apprentice employee early in 2024 to assist with the Administration.
During the financial year 2023-2024 Peter Britton joined us as our new Treasurer, and Mark Wogden, who took a special interest in the building and its insulation and energy, and Mark Whitrod, who offered much needed help with bid writing both joined the Board. Trustee Rachel Miller continued her valuable work on our policies, and with Stephanie Calvert-Smith on employee terms and conditions and pay scales, amongst other tasks. Sadly, due to a change in work commitments, Andrew Robertson had to step down.
In partnership with Bradford Youth Services, we were able to reinstate some provision for young people, with twice weekly evening youth clubs for young people in two different age groups, providing leisure activities both in our activity room and outside in the Multi Use Games Area (MUGA). We also introduced a monthly Saturday morning youth group for 8–12-year-olds, which we hope to increase in the coming year.
With Bradford Metropolitan District Council (BMDC) giving permission to use the field reaching down to the canal, we planned more activities which could include team games, a woodland walk, gardening, and forest school activities.
Our Centre Manager, Jill Cook, was taken on as an Anchor worker for our local Community Partnerships group, concentrating on health outcomes. We also became the ‘host’ organisation for another Community Partnership worker. This was a huge step forward in terms of financial stability.
Due to the continued and dedicated hard work of the management team and Preschool workers, the Preschool established itself within the community, and numbers rose to the point where we needed to, and did invest in an extra member of staff to care for more children. We were delighted to note that in February 2024 the Preschool received an Ofsted rating of “Good”.
3
## The Hive Silsden CIO
## Trustees' report (continued) for the year ended 30 April 2024
## **Achievements and performance continued**
Our continued service to the community certainly depends on the success of our plans for financial sustainability. We continued to work on our community asset transfer application. The management team and Trustees worked together to produce a Business Plan not only for the building, car park, and MUGA, but also the field between the MUGA and the canal, which was submitted to BMDC in March 2024. The Business Plan explains what our plans for use of the field will look like, and how it will contribute to the income of the charity, and its charitable aims.
The Trustees took the charity forward and a lot was achieved during the year. We do acknowledge the negative value of the unrestricted reserves at year end. Unrestricted grant income of £30,000 was received in May 2024 which brought the unrestricted reserves back into surplus. Actions are being taken now to ensure an annual surplus in unrestricted funds can be achieved to build reserves and to enable the charity to move towards a better level of financial security.
## **Financial review**
The net income for the year was £12,471, including net expenditure of £22,078 on unrestricted funds and net income of £34,549 on restricted funds, after transfers.
## **Reserves policy**
The charity's free reserves, excluding fixed assets, at the year end were negative £13,767.
In the year ending 30 April 2024 the CIO has been able to secure additional income with pre-school fees having grown by 25%. However, much of the grant income was restricted and/or was received late in the financial year, meaning the income could not be utilised towards the CIO's core costs. This has resulted in the unrestricted funds ending with a negative balance at the year end.
Since the year end additional unrestricted grant income has been secured which has enabled the CIO to restore its reserves and our financial plans show these reserves being maintained at a positive level. For this reason we are satisfied that we can treat the CIO as a going concern.
We are working towards adopting a formal reserves policy. The immediate goal is to ensure that our financial plans are monitored so that our unrestricted funds remain positive and that we are operating with an ongoing surplus.
We aim to adopt a formal reserves policy before our next financial year end.
Approved by the board of trustees on 26/02/2025
Janet Russell (Trustee)
4
## 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 2024, which are set out on pages 6 to 13.
## **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 - matter of concern identified**
I have completed my examination. I have identified a matter of concern in my report in relation to the CIO's negative unrestricted funds position at 30 April 2024.
The trustees annual report on page 4 of the accounts recognises: the negative unrestricted funds position of £13,767 at 30 April 2024; that the receipt of £30,000 in May 2024 will allow unrestricted funds to become positive; and that plans are in place to ensure unrestricted funds remain positive throughout 2025. I am satisfied that the trustees are aware of the CIO's financial position and have plans to address this that, if successful, will allow unrestricted funds to remain positive thereby also protecting any restricted funds held by the CIO.
## **Independent examiner's statement**
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 confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
Rhys North ACA
26/02/2025
## **West Yorkshire Community Accountancy Service CIO**
Stringer House 34 Lupton Street Leeds LS10 2QW
5
## The Hive Silsden CIO
## Statement of Financial Activities
## (including summary income and expenditure account) for the year ended 30 April 2024
|Notes
2024
Unrestricted
funds
£
**Income from:**
Grants and donations
(2)
23,351
General hire
20,065
Activities and events income
19,047
Pre-school income
43,544
Fundraising
1,526
Other income
8,640
**Total income**
116,173
**Expenditure on:**
Salaries and NI
(3)
96,579
Staff training
640
Events and activities
6,611
Freelance and casual workers
2,591
Volunteer expenses
399
Marketing and publicity
1,045
Rates
319
Utilities
4,096
Insurance
1,653
Phone and broadband
1,257
Licences
1,405
Repairs and maintenance
7,895
Cleaning and waste
1,726
Health and safety
3,231
Equipment
430
Printing, postage and stationery
1,216
Software and IT
1,286
Other administrative costs
379
Food and refreshments
1,430
Memberships and subscriptions
2,057
Independent examination
1,620
Professional services
1,752
Banking charges
1,385
Depreciation
1,062
**Total expenditure**
142,064
**Net income / (expenditure)**
(25,891)
**Transfers between funds**
3,813
**Net movement in funds**
(22,078)
**Fund balances brought forward**
5,599
**Fund balances carried forward**
(4)
(16,479)|2024
Restricted
funds
£
57,172
-
-
-
-
-
57,172
14,032
550
887
-
-
-
-
2,738
-
-
-
-
-
-
251
352
-
-
-
-
-
-
-
-
18,810
38,362
(3,813)
34,549
8,214
42,763|2024
Total
funds
£
80,523
20,065
19,047
43,544
1,526
8,640
173,345
110,611
1,190
7,498
2,591
399
1,045
319
6,834
1,653
1,257
1,405
7,895
1,726
3,231
681
1,568
1,286
379
1,430
2,057
1,620
1,752
1,385
1,062
160,874
12,471
-
12,471
13,813
26,284|2023
Total
funds
£
48,897
24,211
15,011
34,884
-
-
123,003
82,397
1,263
6,534
-
30
2,734
684
5,568
1,982
1,203
1,392
4,602
2,788
1,792
161
966
575
185
874
1,561
1,200
-
692
344
119,527
3,476
-
3,476
10,337
13,813|
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
6
## The Hive Silsden CIO
## Balance sheet
|as at 30 April 2024
2024
Unrestricted
£
**Fixed assets**
Tangible assets
(5)
2,994
**Total fixed assets**
2,994
**Current assets**
Debtors and prepayments
(6)
2,690
Cash at bank and in hand
(7)
(7,829)
**Total current assets**
(5,139)
**Current liabilities:**
**amounts falling due within one year**
Creditors and accruals
(8)
8,628
**Total current liabilities**
8,628
**Net current assets / (liabilities)**
(13,767)
**Total assets less current liabilities**
(10,773)
**Creditors: amounts falling due after one year**
5,706
**Net assets**
(16,479)
**Funds**
Unrestricted funds
(16,479)
Restricted funds
-
**Total funds**
(16,479)|2024
Restricted
£
-
-
16,747
26,016
42,763
-
-
42,763
42,763
-
42,763
-
42,763
42,763|2024
Total
£
2,994
2,994
19,437
18,187
37,624
8,628
8,628
28,996
31,990
5,706
26,284
(16,479)
42,763
26,284|2023
Total
£
764
764
3,185
22,060
25,245
12,196
12,196
13,049
13,813
-
13,813
5,599
8,214
13,813|
|---|---|---|---|
The financial statements were approved by the board of trustees on 26/02/2025
Janet Russell (Trustee)
7
Notes to the accounts
## The Hive Silsden CIO
## for the year ended 30 April 2024
## **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, if 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 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: Project and office 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
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
8
## The Hive Silsden CIO
## Notes to the accounts continued
## for the year ended 30 April 2024
|**2 Grants and donations**
Bradford Metropolitan District Council (BMDC)
Leeds Community Foundation (LCF)
NHS Integrated Care Board
Silsden Aid in Sickness
Silsden Town Council
Sovereign Healthcare
The Albert Hunt Trust
VCS Alliance
Wharfedale and Silsden Community Partnership
Asda Foundation
Tesco/Groundwork UK
The Craven Trust
Other donations
**3 Staff costs and numbers**
Gross salaries
Social security costs
Employment allowance
Pensions|2024
Unrestricted
funds
£
-
-
-
-
15,000
-
2,000
-
-
-
-
-
6,351
23,351|2024
Restricted
funds
£
4,726
10,000
16,547
2,474
-
5,000
-
2,735
15,000
-
-
-
690
57,172|2024
Total
funds
£
4,726
10,000
16,547
2,474
15,000
5,000
2,000
2,735
15,000
-
-
-
7,041
80,523
2024
£
107,956
6,425
(5,534)
1,764
110,611|2023
Total
funds
£
4,250
-
-
30,000
-
-
3,000
-
1,500
1,000
1,394
7,753
48,897
2023
£
81,132
4,465
(4,465)
1,265
82,397|
|---|---|---|---|---|
The average number of employees during the year was 7.7, being an average of 4.9 full time equivalent (2023: 7.7, 4.2 FTE). There were no employees with emoluments above £60,000.
|**Defined contribution pension scheme**|2024|2023|
|---|---|---|
||£|£|
|Costs of the scheme to the charity for the year|1,764|1,265|
|Amount of any contributions outstanding at the year end|188|218|
9
## The Hive Silsden CIO
## Notes to the accounts continued
## for the year ended 30 April 2024
|**4 Restricted funds**
VCS Alliance - ABCD Fund 2023
VCS Alliance - ABCD Fund 2024
Asda Foundation
BMDC Coronation Fund
BMDC Sports Equipment
BMDC Community Gardening
LCF Give Bradford
Playspace Association
Silsden Sickness in Aid
Sovereign Healthcare
Wharfedale & Silsden CP
Donations for fireworks event
NHS Integrated Care Board
BMDC Warm Spaces|Balance b/f
£
3,000
-
361
-
753
-
-
4,100
-
-
-
-
-
-
8,214|Incoming
£
-
2,735
-
200
-
1,988
10,000
-
2,474
5,000
15,000
490
16,547
2,738
57,172|Outgoing
£
3,000
250
361
200
-
-
2,430
45
-
-
3,010
490
6,286
2,738
18,810|Transfers
£
-
-
-
-
-
-
-
-
(2,324)
-
(500)
-
(989)
-
(3,813)|Balance c/f
£
-
2,485
-
-
753
1,988
7,570
4,055
150
5,000
11,490
-
9,272
-
42,763|
|---|---|---|---|---|---|
## **Fund name**
VCS Alliance - ABCD Fund 2023
VCS Alliance - ABCD Fund 2024 Asda Foundation BMDC Coronation Fund BMDC Sports Equipment BMDC Community Gardening LCF Give Bradford
Playspace Association Silsden Sickness in Aid
Sovereign Healthcare Wharfedale & Silsden CP
Donations for fireworks event NHS Integrated Care Board
BMDC Warm Spaces
## **Purpose of restriction**
Towards improving children's mental health and supporting disadvantaged children.
To fund a youth project.
To purchase items to improve the Youth Club. Towards Coronation celebration activities.
Funding towards sports equipment.
To build the first seating pod for the sensory garden.
To cover the cost of an apprentice salary for 1 year and towards the centre managers salary.
To support work with disadvantaged young people.
To purchase a new metal shed to house the pre-loved uniform shop. The transfer is for the capitalised value of the shed.
To enable purchase of sensory equipment and new furniture.
Towards salary for Wharfedale & Silsden Community Partnership Coordinator. The transfer is for a contribution towards overhead costs. Towards the cost of family fireworks event.
For costs associated with the Prenatal project. The transfer is for a contribution towards overhead costs.
To provide a warm and welcoming space for anyone to attend offering refreshments, wifi and warmth.
10
## The Hive Silsden CIO
## Notes to the accounts continued
## for the year ended 30 April 2024
|**5 **
**6 **
**7 **
**8 **|**Tangible assets**
**Cost**
At 1 May 2023
Additions
At 30 April 2024
**Depreciation**
At 1 May 2023
Charge for year
At 30 April 2024
**Net book value**
At 30 April 2024
At 30 April 2023
**Debtors and prepayments**
Debtors
Prepayments
**Cash at bank and in hand**
Cash at bank
Cash in hand
**Creditors and accruals**
Creditors
Accruals
Income received in advance
Taxation and social security
Other creditors|£
1,616
3,292
4,908
852
1,062
1,914
2,994
764
2024
£
17,107
2,330
19,437
2024
£
18,117
70
18,187
2024
£
5,245
1,620
-
1,323
440
8,628
Equipment|Total
£
1,616
3,292
4,908
852
1,062
1,914
2,994
764
2023
£
2,653
532
3,185
2023
£
21,369
691
22,060
2023
£
8,235
1,328
941
1,474
218
12,196|
|---|---|---|---|
11
## The Hive Silsden CIO
## Notes to the accounts continued
for the year ended 30 April 2024
## **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 by key management personnel were £21,052 (previous year: £19,032).
12
## 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 2024
|2024
2023
Unrestricted Unrestricted
funds
funds
£
£
**Income**
Grants and donations
23,351
36,753
General hire
20,065
24,211
Activities and events income
19,047
15,011
Pre-school income
43,544
34,884
Fundraising
1,526
-
Other income
8,640
-
**Total income**
116,173
110,859
**Expenditure**
Salaries and NI
96,579
82,397
Staff training
640
1,263
Events and activities
6,611
4,916
Freelance and casual workers
2,591
-
Volunteer expenses
399
30
Marketing and publicity
1,045
734
Rates
319
684
Utilities
4,096
2,568
Insurance
1,653
1,982
Phone and broadband
1,257
1,203
Licences
1,405
1,392
Repairs and maintenance
7,895
1,724
Cleaning and waste
1,726
2,788
Health and safety
3,231
1,558
Equipment
430
161
Printing, postage and stationery
1,216
966
Software and IT
1,286
575
Other administrative costs
379
185
Food and refreshments
1,430
874
Memberships and subscriptions
2,057
1,561
Independent examination
1,620
1,200
Professional services
1,752
-
Banking charges
1,385
692
Depreciation
1,062
344
**Total expenditure**
142,064
109,797
**Net income / (expenditure)**
(25,891)
1,062
**Transfers between funds**
3,813
-
**Net movement in funds**
(22,078)
1,062
**Fund balances brought forward**
5,599
4,537
**Fund balances carried forward**
(16,479)
5,599|2024
Restricted
funds
£
57,172
-
-
-
-
-
57,172
14,032
550
887
-
-
-
-
2,738
-
-
-
-
-
-
251
352
-
-
-
-
-
-
-
-
18,810
38,362
(3,813)
34,549
8,214
42,763|2023
Restricted
funds
£
12,144
-
-
-
-
-
12,144
-
-
1,618
-
-
2,000
-
3,000
-
-
-
2,878
-
234
-
-
-
-
-
-
-
-
-
-
9,730
2,414
-
2,414
5,800
8,214|2024
Total
funds
£
80,523
20,065
19,047
43,544
1,526
8,640
173,345
110,611
1,190
7,498
2,591
399
1,045
319
6,834
1,653
1,257
1,405
7,895
1,726
3,231
681
1,568
1,286
379
1,430
2,057
1,620
1,752
1,385
1,062
160,874
12,471
-
12,471
13,813
26,284|2023
Total
funds
£
48,897
24,211
15,011
34,884
-
-
123,003
82,397
1,263
6,534
-
30
2,734
684
5,568
1,982
1,203
1,392
4,602
2,788
1,792
161
966
575
185
874
1,561
1,200
-
692
344
119,527
3,476
-
3,476
10,337
13,813|
|---|---|---|---|---|
13