The Hive Silsden CIO
Charity number 1182526
Annual Report and Financial Statements
for the year ended 30 April 2025
The Hive Silsden CIO
Annual Report and Financial Statements for the year ended 30 April 2025
| 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
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The Hive Silsden CIO
Trustees' report for the year ended 30 April 2025
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 Chair Treasurer Treasurer
Janet Russell Peter Marshall Peter Britton Stephanie Calvert-Smith Rachel Miller Mark Wogden Mark Whitrod Janet Jones
Appointed 10 January 2025 Resigned 21 February 2025 Resigned 17 June 2024 Resigned 21 February 2025
Resigned 18 November 2024
Charity number
1182526
Registered in England and Wales
Registered and principal address
The Hive 53-55 Elliott Street Silsden Keighley BD20 0DE
Bankers
Co-operative Bank plc Skelmersdale WN8 6WT
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.
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The Hive Silsden CIO
Trustees' report (continued) for the year ended 30 April 2025
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
During the year ended 30 April 2025, The Hive Silsden CIO continued to develop its role as a community resource centre supporting residents of Silsden and surrounding areas. The charity maintained a wide programme of activities for children, young people and families, alongside providing a well-used and accessible venue for community groups, events and private hire.
Early years provision remained a key area of activity. Bees Knees Pre-school continued to provide a small, nurturing environment for local families, with attendance levels remaining steady throughout the year. Alongside this, early years and family support activities including baby massage, stay and play sessions, sensory activities and parent-focused support groups continued to be well attended, reflecting ongoing demand for accessible provision for families with young children. Trustees recognise the continued commitment of staff and volunteers in maintaining the quality and consistency of this support.
The Hive also continued to provide activities and safe social spaces for older children and young people through its youth provision, alongside wider community activities and events delivered throughout the year. Community events such as seasonal celebrations and fundraising activities helped bring residents together and contributed towards the charity’s unrestricted income, while also strengthening community engagement with the centre.
During the year a number of funded projects reached maturity and demonstrated clear evidence of local need and community benefit. Several of these funding streams are due to conclude during the 2025–2026 financial year. Trustees recognise that while these projects have been successful in meeting local demand, the ending of time-limited funding requires careful consideration of how services can continue in a sustainable way. As a result, trustees have begun planning for the future shape and scale of provision, with a focus on aligning activity with sustainable income and ensuring that core services can continue to meet community need over the longer term.
The charity continued to work in partnership with Silsden Town Council, Wharfedale and Silsden Community Partnership, local organisations and funders to support delivery of activities and maintain the building as a valued community asset. Trustees acknowledge that the continued support of local partners, grant funders, volunteers and users of the centre remains essential to the charity’s ability to deliver its services.
The year also saw an increase in overall activity levels across the centre, reflecting the ongoing demand for community space and services. Trustees recognise that this growth has brought both opportunities and challenges and have undertaken a review of activities and operating costs to ensure that the charity’s future development remains sustainable while continuing to meet local need.
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The Hive Silsden CIO
Trustees' report (continued) for the year ended 30 April 2025
Achievements and performance continued
The trustees remain proud of the positive impact The Hive continues to have within the community and thank staff, volunteers, partners and supporters for their continued commitment during a period of growth and change. As the organisation moves into its next phase of development, trustees are focused on ensuring that services are delivered in a sustainable way, building on the strong foundations established in recent years while continuing to respond to the evolving needs of local families and the wider community.
Financial review
The net income for the year was £13,265, including net income of £17,871 on unrestricted funds and net expenditure of £4,606 on restricted funds after transfers.
Reserves policy
The charity's free reserves, excluding fixed assets, at the year end were negative £1,228.
The trustees recognise the importance of maintaining adequate free reserves to manage cashflow fluctuations and ensure continuity of services. At the year-end unrestricted free reserves were negative and below the level considered appropriate for an organisation of this size.
Following the year end, trustees reviewed the charity’s financial position and have identified 2025–2026 as a stabilisation period, with a focus on aligning expenditure with available unrestricted income. The trustees have set an initial target of building unrestricted free reserves equivalent to approximately one month of core operating expenditure, estimated at £15,000 – £20,000, to be achieved gradually over the following 24 months through operating surpluses and increased unrestricted income. The reserves policy will be reviewed annually as the charity’s financial position develops.
Approved by the board of trustees on 19/2/2026
Janet Russell (Trustee)
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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 2025, 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
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
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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.
Rhys North ACA
19/2/2026
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
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The Hive Silsden CIO
Statement of Financial Activities
(including summary income and expenditure account) for the year ended 30 April 2025
| Notes 2025 Unrestricted funds £ Income from: Grants and donations (2) 64,695 General hire 25,076 Activities and events income 19,599 Pre-school income 73,545 Fundraising 3,206 Other income 8,939 Bank interest 178 Total income 195,238 Expenditure on: Salaries and NI (3) 130,304 Staff training 855 Events and activities 7,619 Freelance and casual workers 619 Volunteer expenses 71 Marketing and publicity 630 Rates 348 Utilities 7,395 Insurance 1,605 Phone and broadband 1,549 Licences 1,080 Repairs, maintenance and cleaning 9,864 Equipment 1,032 Printing, postage and stationery 1,698 Software and IT 2,742 Other administrative costs 238 Food and refreshments 2,333 Memberships and subscriptions 883 Independent examination 1,620 Professional services 6,461 Banking charges 243 Depreciation 1,178 Total expenditure 180,367 Net income / (expenditure) 14,871 Transfers between funds 3,000 Net movement in funds 17,871 Fund balances brought forward (16,479) Fund balances carried forward (4) 1,392 |
2025 Restricted funds £ 39,928 - - - - - - 39,928 34,172 102 766 - - - - 3,453 600 - - 2,100 269 12 - 13 22 25 - - - - 41,534 (1,606) (3,000) (4,606) 42,763 38,157 |
2025 Total funds £ 104,623 25,076 19,599 73,545 3,206 8,939 178 235,166 164,476 957 8,385 619 71 630 348 10,848 2,205 1,549 1,080 11,964 1,301 1,710 2,742 251 2,355 908 1,620 6,461 243 1,178 221,901 13,265 - 13,265 26,284 39,549 |
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 12,852 681 1,568 1,286 379 1,430 1,459 1,620 2,350 1,385 1,062 160,874 12,471 - 12,471 13,813 26,284 |
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
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The Hive Silsden CIO
Balance sheet
| as at 30 April 2025 2025 Unrestricted £ Fixed assets Tangible assets (5) 2,620 Total fixed assets 2,620 Current assets Debtors and prepayments (6) 6,516 Cash at bank and in hand (7) 324 Total current assets 6,840 Current liabilities: amounts falling due within one year Creditors and accruals (8) 8,068 Total current liabilities 8,068 Net current assets / (liabilities) (1,228) Total assets less current liabilities 1,392 Creditors: amounts falling due after one year - Net assets 1,392 Funds Unrestricted funds 1,392 Restricted funds - Total funds 1,392 |
2025 Restricted £ - - 1,103 37,054 38,157 - - 38,157 38,157 - 38,157 - 38,157 38,157 |
2025 Total £ 2,620 2,620 7,619 37,378 44,997 8,068 8,068 36,929 39,549 - 39,549 1,392 38,157 39,549 |
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 |
|---|---|---|---|
The financial statements were approved by the board of trustees on 19/2/2026
Janet Russell (Trustee)
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The Hive Silsden CIO
Notes to the accounts
for the year ended 30 April 2025
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 costing more than £1,000 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 terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
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The Hive Silsden CIO
Notes to the accounts continued
for the year ended 30 April 2025
| 2 Grants and donations Bradford Metropolitan District Council (BMDC) Co-op Community Fund Morrisons Foundation MUGA Crowdfunder Sainsburys Silsden Town Council Sir George Martin Trust Skipton Building Society The Arnold Clark Community Fund The Craven Trust Wharfedale and Silsden Community Partnership Yorkshire Housing Leeds Community Foundation (LCF) NHS Integrated Care Board Silsden Aid in Sickness Sovereign Healthcare The Albert Hunt Trust VCS Alliance Other donations 3 Staff costs and numbers Gross salaries Social security costs Employment allowance Pensions |
2025 Unrestricted funds £ - - - - - 60,000 - 600 1,000 - - - - - - - - - 3,095 64,695 |
2025 Restricted funds £ 4,503 500 10,000 120 500 - 2,500 - - 900 20,185 720 - - - - - - - 39,928 |
2025 Total funds £ 4,503 500 10,000 120 500 60,000 2,500 600 1,000 900 20,185 720 - - - - - - 3,095 104,623 2025 £ 157,235 9,822 (5,194) 2,613 164,476 |
2024 Total funds £ 4,726 - - - - 15,000 - - - 15,000 - 10,000 16,547 2,474 5,000 2,000 2,735 7,041 80,523 2024 £ 107,956 6,425 (5,534) 1,764 110,611 |
|---|---|---|---|---|
The average number of employees during the year was 11.3, being an average of 7.1 full time equivalent (2024: 7.7, 5.2 FTE). There were no employees with emoluments above £60,000.
| Defined contribution pension scheme | 2025 | 2024 |
|---|---|---|
| £ | £ | |
| Costs of the scheme to the charity for the year | 2,613 | 1,764 |
| Amount of any contributions outstanding at the year end | 422 | 188 |
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The Hive Silsden CIO
Notes to the accounts continued for the year ended 30 April 2025
| 4 Restricted funds VCS Alliance - ABCD Fund 2024 VCS Alliance - ABCD Fund 2025 BMDC - Food Support Co-op Community Fund BMDC - Book Club Give Brandford Morrisons Foundation Playspace Sainsburys Good Food Silsden Sickness in Aid Sir George Martin Trust Sovereign Healthcare Yorkshire Housing BMDC - Welcoming Spaces MUGA Crowdfunder The Craven Trust BMDC - Lets Roll Silsden BMDC - Silsden Rocks BMDC - Sports Equipment Community Led Gardening and Growing Wharfedale & Silsden CP - Coordinator Role Wharfedale & Silsden CP - Peri- Natal Project Wharfedale & Silsden CP - Youth Project |
Balance b/f £ 2,485 - - - - - - 753 1,988 7,570 - 4,055 - 150 - 5,000 11,490 9,272 - - - - - 42,763 |
Incoming £ - 3,000 1,350 500 500 500 500 - - - 10,000 - 500 - 2,500 - 7,000 3,828 6,357 720 1,653 120 900 39,928 |
Outgoing £ 2,485 680 - - - - - 269 1,955 7,570 - 2,400 - - - 11 10,491 13,100 - 20 1,653 - 900 41,534 |
Transfers £ - - - - - - - - - - - - - - - - (3,000) - - - - - - (3,000) |
Balance c/f £ - 2,320 1,350 500 500 500 500 484 33 - 10,000 1,655 500 150 2,500 4,989 4,999 - 6,357 700 - 120 - 38,157 |
|---|---|---|---|---|---|
Fund name
VCS Alliance - ABCD Fund 2024 VCS Alliance - ABCD Fund 2025 BMDC - Food Support Co-op Community Fund BMDC - Book Club BMDC - Lets Roll Silsden BMDC - Silsden Rocks BMDC - Sports Equipment Community Led Gardening and Growing Give Brandford
Morrisons Foundation Playspace Sainsburys Good Food Silsden Sickness in Aid Sir George Martin Trust Sovereign Healthcare
Purpose of restriction
To fund a youth project. Towards the costs of the Buzz youth Club for 8-12 year olds. Towards providing a food bank
Towards the costs of the Buzz youth Club for 8-12 year olds. Community Chest funding towards the youth group book club. Community Chest funding towards the costs of the Let's Roll Silsden. Community Chest funding towards the costs of the Silsden Rocks. Community Chest funding tunding 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 costs for the refurbishment of the Centre's hall. To support work with disadvantaged young people. To purchase food for families in poverty
To purchase a new metal shed to house the pre-loved uniform shop. Towards the costs of a community garden. To enable purchase of sensory equipment and new furniture.
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Notes to the accounts continued for the year ended 30 April 2025
The Hive Silsden CIO
4 Restricted funds continued
Purpose of restriction
Fund name
Wharfedale & Silsden CP - Coordinator Role Wharfedale & Silsden CP - Peri-Natal Project Wharfedale & Silsden CP - Youth Project Yorkshire Housing Towards food for youth. BMDC - Welcoming Spaces MUGA Crowdfunder The Craven Trust
Towards salary for Wharfedale & Silsden Community Partnership Coordinator. The transfer is for a contribution towards overhead costs. For costs associated with the Peri-natal project.
For costs associated with the youth project.
To contribute towards the cost of providing a warm and welcoming space. To raise funds toward improvements to the MUGA facility. To contribute towards the costs of improving windows at the centre.
| 5 6 **7 ** |
Tangible assets Cost At 1 May 2024 Additions At 30 April 2025 Depreciation At 1 May 2024 Charge for year At 30 April 2025 Net book value At 30 April 2025 At 30 April 2024 Debtors and prepayments Debtors Prepayments Cash at bank and in hand Cash at bank Cash in hand |
£ 4,908 804 5,712 1,914 1,178 3,092 2,620 2,994 2025 £ 4,866 2,753 7,619 2025 £ 36,198 1,180 37,378 Equipment |
Total £ 4,908 804 5,712 1,914 1,178 3,092 2,620 2,994 2024 £ 17,107 2,330 19,437 2024 £ 18,117 70 18,187 |
|---|---|---|---|
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The Hive Silsden CIO
Notes to the accounts continued
for the year ended 30 April 2025
| 8 Creditors and accruals Creditors Accruals Deferred income Taxation and social security Other creditors |
2025 £ 3,795 1,620 1,250 981 422 8,068 |
2024 £ 5,245 1,620 - 1,323 440 8,628 |
|---|---|---|
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 £29,121 (previous year: £22,642).
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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 2025
| 2025 2024 Unrestricted Unrestricted funds funds £ £ Income Grants and donations 64,695 23,351 General hire 25,076 20,065 Activities and events income 19,599 19,047 Pre-school income 73,545 43,544 Fundraising 3,206 1,526 Other income 8,939 8,640 Bank interest 178 - Total income 195,238 116,173 Expenditure Salaries and NI 130,304 96,579 Staff training 855 640 Events and activities 7,619 6,611 Freelance and casual workers 619 2,591 Volunteer expenses 71 399 Marketing and publicity 630 1,045 Rates 348 319 Utilities 7,395 4,096 Insurance 1,605 1,653 Phone and broadband 1,549 1,257 Licences 1,080 1,405 Repairs, maintenance and cleaning 9,864 12,852 Equipment 1,032 430 Printing, postage and stationery 1,698 1,216 Software and IT 2,742 1,286 Other administrative costs 238 379 Food and refreshments 2,333 1,430 Memberships and subscriptions 883 1,459 Independent examination 1,620 1,620 Professional services 6,461 2,350 Banking charges 243 1,385 Depreciation 1,178 1,062 Total expenditure 180,367 142,064 Net income / (expenditure) 14,871 (25,891) Transfers between funds 3,000 3,813 Net movement in funds 17,871 (22,078) Fund balances brought forward (16,479) 5,599 Fund balances carried forward 1,392 (16,479) |
2025 Restricted funds £ 39,928 - - - - - - 39,928 34,172 102 766 - - - - 3,453 600 - - 2,100 269 12 - 13 22 25 - - - - 41,534 (1,606) (3,000) (4,606) 42,763 38,157 |
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 |
2025 Total funds £ 104,623 25,076 19,599 73,545 3,206 8,939 178 235,166 164,476 957 8,385 619 71 630 348 10,848 2,205 1,549 1,080 11,964 1,301 1,710 2,742 251 2,355 908 1,620 6,461 243 1,178 221,901 13,265 - 13,265 26,284 39,549 |
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 12,852 681 1,568 1,286 379 1,430 1,459 1,620 2,350 1,385 1,062 160,874 12,471 - 12,471 13,813 26,284 |
|---|---|---|---|---|
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