Charlty reglstratlon nUm￿r 1189067 Company reglstration number 12064936 (England and Walès) THE HIVE PORTSMOUTH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 THE HIVE PORTSMOUTH LEGAL AND ADMINISTRATIVE INFORMATION Trusto05 Rory Ilasgey Sandra Bramley Rev Robert￿hlIe Calherine Longhurst IApwnted 24 June 20241 IAppointed 9Apnl 20251 lan Morris Secrètary L(¥na Rea Chartty number 1189C67 Company n¥mb•r 12C64936 Reglstsred officg Ground FIDur Centraf ￿brary Guildhall Squartr Hampshi PortsmLth P01 2DX Ind•pètsd•nt examlner Dawd Knifj ltt FCACTA Carpenter Box PiFer How 4 fAJkes C¢xwt Bognor Road Ch1¢Y￿t P019 8FX 8anker5 Bardays Bar* Pk 107 Comrneraal Road PortsmoLrth Harnp5hire P01 1BT THE HIVE PORTSMOUTH CONTENTS Page Trustee's report Indepen(*nt examw)erfs report 12 Statement of firtancial a(*vtyes 13 Balanco $￿et 14 Stslement ol cash flo 15 Notes to the finanual s&itements 16-33 TRUSTEE'S REPORT {INCLUDING DIRECTORS. REPORD The trustees prasent their annual ￿￿rt and financial staiements for the year ended 31 March 2025. The finanelal statements have teen prepared in a¢¢ortsnce wth the ac£ounbng rdicies set OLrt in note I to the financial staternents and compty wrth the chanty's Memorandum and Articles of Association, the CoMpan￿S Act 2006 and'Accounbng and Repo￿￿9 by Chanbes." Statement tsf Recorrnnended Practice applicabk to charities prepanng their acojunts in accordan￿ with the Financral Reporting Standard applKable in the UK and Repubk of IreLand IFRS 1￿2} leffeclNe 1 January 2019)". ObJ￿tIVe• and aclivltl•s The ¢harty's obJ"ects, as set OLrt in the Arbdes of AS￿oI￿)n. a￿." To relieve poverty, to advance education, and to rel￿Ve need in indivkluals arising from theii youth. a9e infimty ￿ di5atslty. financial hardship or scty2al urcumslan￿S'. and To develop the capacity and skims ofthe members of communth.es in PortsmutfTr, Hampshire and the surrounding areas that are socialty or socially and e¢orx)mta4y disadvantaged in such a way that they are better able to wJentFfy and help meet their needs and to parbcipate more fvlly in so¢*ety. Thè nyaifi aCIN￿'e5 undertaken by the HIVE to carry oul ts chantatye purposes for ￿ put4ic benefft include.. Promoting partnefships. worknng and nthorking wrth others to make the best use of informati( and resources aval￿ble for the benefft ofthe city. Providing specialist advice to people consh1ering starting up a sctial enlerprtse, those wlh ideas whKh COU￿ tum into a soctal entwwse and those currenty running one. Supportrn9 small groups and organisations vAthin Portsm￿jEh by prowding mentoring. support th bid appltats"ons, training. adV￿e and lacihtab.ng events. Developing and maFntsiniNJ ordine digrtal offer Wh￿ includes rts websrte, directory of serM￿S and a customer relat￿nship rrranagement databas Provhdi￿ infomiab.on arxj advice to gU￿e people to the rightSUPPKKt atthe TrJht time. Providing space for many agencies to hosl dients and prov¥Je specialist advice and SUPFM)rt af(KJnd a myrwd of issues includin9 debt ￿Lat is(Aation. ￿nts1 health supw)rt, disabilits"e5. employmen( wbstancemisuse and domesb¢ vi(Trlen¢e. Promoting and increagng the Im￿1 ofVolunt￿.￿9 and sctia &bon within Portsmoutt). Identfying gaps or needs rn the P0rtsrF￿th area and sharing the inforrnats'on a rangè of partners. F￿¥litati"n9 earty intervenbon and r&Ywng demand on irajthonal servic£s. by SUPF<)rb"ng people at an earfystage when ￿eded and 0￿ring alL8rn*ve Ch0￿e$ which help people to help themsthes and othets. The HI1￿ Portsmouth 15 in the unwjue posthon ofbeing a￿e to qU￿kty mobilise and disseminate charitsble IT￿nIeS to those In need across thè tty. A% part of our commuTrity respon5Ebilrty and govemance the Trustees have agreed a Grant Awarding PolKy whKh sets out how any ftjnds receNed by HIVE Portsmouth for onward grant makn"Trg a￿ ovrarded. Grants *48rded support the re*lience ol the VCSE sector in pOrtsrr￿Uth, address gaps In provL8ion and improve the health and wellbeing of our resident5. Thetrustees confirm that they have haj due regaid to guklance on PutAi¢ Benefft put4ished by the Charity Cormission in exerasng th￿r wwers and dutses. A¢hiwemonts and perforn)ancg The Trustees agreed the new Stratèg￿ direction of the HIVE Portsmouth wtlh refreshed goals after extenswe ctrproducb'on with strategK partners and the VCSE sector. Our year one objecb'ves were agr&d in August for the three maift Strateg￿ areas and the enatling Strateg￿ areas ol focus. A8 a eharlty rooted Inihe clty, wo brfngpaopio tog8th61 to bulld a happlèr, hEaithierBod more connected ¢Fty. Wèworkvthh p¢oO• I w•wo￿t￿ IhavfXE￿lOv work In porrnershlp eurr•nt PM*•¢ts.' ¢ipsesKSupponsLMitoimshae VDIuDleeFing CostC>fLnnTr4￿pwrf&Pw1b1P9 o18rtbkin¢iu$￿Th OAG ,' Curr*rrtfv44Brt*". communtyNeniaiMe& eireColle¢tw¢ rtDAc&&AenicommwrfyreseaiC WarimhDn . ￿Pport&￿e￿•)r￿th . FUnd￿l¢￿&l0l bs Ch￿tErH￿SepT0J￿t 5trntryle IiiC&libes 81mm4trppKokth4￿e$sto Duta& Inxitlrt.. Communityrese8rch &HDRC. Sector In$ghl Impacr. DirectoryofseMce5. CRM Improvedccrfnmunic8tionfiow. Performance Repon3Hubs marketing FuDdkn¢&FknandalSustslMb#lty Ongoing8CFfundiTr8. Management and Gtant¢h44ges andfinancialsuststna￿Itys￿¥lE8Y Year 1 oble¢tfve$: Woworf¢ wlth people W• work in pwtnorship StF•t¢gl¢ Fo¢￿*.. Communityl LocatityHub ";-:: development $tr•tro¢ Fo¢us Inte8r8ted Nei8hbourhood Teams CoEnrnunityFront door Gaiewayforlunding AllitnGedv￿i0prnen1 Improvedatha¢y ofVCSE Impact8ndVaiueofYCSE Oble¢tlve#: Develop strong reiatioriships and ffttwork$ wth the people we work wsth and seek to upport Produce a m8p acr055 the city i . of who is ersgaged and key people in tocal COTnrnunityes Contin4Je to develop th8 Portse8 and Fratton hubs ILlentity2 turtherareas where i. Iocably hubs ere wanted.. Pauls$rove, Hilsea or Lanoport Develop VoiurttÉèrin8Passpon . Estab￿shaStr#t¢4IC Health& Waiib&n8A￿ance MA￿trina￿a deepeDtkeme￿leI Trleaith&Chiidven &Youn8 People'sAUiance . TeY1￿ lurtherAitssn¢espor yO￿h #ne O¢abiiitywith SEG*or Developthecollaborationln ChaucerHousedeveiaprnerrt- test*ftgthefflodelof HfvEa&4 otderolreJoUrce'￿d Estabtish HDRCtI) prwde comrnunityled research and secure future funtting i.e. beyond developmentyearl Engagewiih contributeto the developrnent ol PCC & NHS nei8hbourhotsd models Co-ordiTr8tE 8nd develop deli￿ry of the Weiibeing 9eMce& test HIVE COrnN455ion8rroie Underpinning strategies year 1 objectives Data & Insight. Develop the CAM anddata inWItC8pabililies Considerihe be5lOPtion lor¢he tse￿ $18ge ollheCRM In¥estIgareantlte￿ digiialsoiutionsihat 8irJ ortn8bl8VCSEAlli8nce ¢ OtdiTration and communscat*on$ op toolkitto Measure irnp8Ctwd v8lueof thesecior Usedatacoltsctedtopro￿ae I￿5￿t Communication Newwebsiteurnlated andfuncTioninB Ab8n p¢rtorm8n¢e rtportingto strategic ￿rns, existingcommitrnentswt focvson in5Ighrand Imp8ci fxploie use tsf multFmedia opiions torHNE ioroulirielyuwjate&talk aboul the 4*orkon ihesepriorii*s HUBm¥tkeiiogstrat Celebrate HW£'5aCh￿MenI¥ moieoften Funding& Financial I Sustainability Agree onEtyng ICPIBCFlnfrnstructurefuTrdn8 Se¢uFe B(IdrÈional lundifi8forthe HiIBS TrIa1tneGre￿ South Runfund￿LS1Thgrx)tenl[￿I E4)ioreCDrporaie4eL4tK)Ththipsvia v￿O￿oU$ torpoteniial sponsorshlps bmrfiFyndlngbids-G¥rtieldWesionandNetionalLottery Se¢ure ongolngwell￿noe0IleetlvefUnd1nS Increase interest￿8 investmentof reseNes Our Perforniancè Report Structure ￿a$ ako TevFvwed and is bw.ng ¢x)ntinually develowl to ensurè we are capturing the value and impact of the work that we do. We work with people Our Strategic focus is to co-produ￿ Communty Hub5 Wrthin Ictalthes providing access to information, support and guidance. As part ol this arnbthon, a pop-up helpdesk was established In a Thursday In Paulsgrove running as part of the weekty communty run Bathroom Bank. Conversations with partners in Heavch and Soo'al Care are ongoing on how we can dèvejop this modèl wilh our communttiès across the city and wiimin our acute h05Pital to facilrtale earty intervention and rwluce the deTnand on heath and sccial care services. Voknnt¢¢ring Tcsether in HIVE Volunteer Bureau aim to promote and increase the irnpact of vojunteefing and s¢Kwl action within Portsrroulh. Supporting. en¢ouTrging and ryx)rdinating volunteering across the rAty Is one way we support thé development of capacrty and skills ol the members of o)mmunths in Portsmouth that are ￿cIalY or soiaty and e0)nOm￿al￿ disadvantsged iFTr such a way that they are better able lo identify and help meet theif nee(Is and to partiopate nKwe in souety. The year saw 1056 volunteèts placed In rotes across the city gNing a total 013196 hours including 107 supporting the D-Day 80 ￿lebrats.0￿ events whKh were te￿vISed across theworfd and other high profile community even15 in Ihe ¢ity such as INe Shine and the Iftar celebrations at the Guildhall. 21 School Readers volunteered in three local sthoo15 9￿Ing 68 hours and 20 Be There for Carevolunteers, pl￿Ed bott) in care homes and in the communrty supporbng local residents. gave 367 hours. HIVE Portsmuth rouhnety ￿￿brate$ the pwtive contribub.on that volunteers rnake to the VCSE 5eclgf and city. As part of this comrnitmeTrl. research into the volunteer expÈrien(* was undertakén dufing thè year exploring the impact on the ¥cAunt*r themselves in order to understand how volunteering impacts the wellbeing of volunteers as well as those they work with, to learn leswns abtsut how VCSE organisations can get the best possible outcomes for everyone InvO￿ed. (Xr report. published in 0￿mI￿r2024. foun¢ that for nx)st vrAunteeE5. seeing the impact the *r)rk they did and the difference It fflade for other5 had a significant irnp￿ on their own sense of worth and wellbeing. Volunteers highlighted how this È¥Josted their enK>t￿nal wellbeing. irnpiov&Y their self•COnfiden￿ and reduced isolab"on. Peop￿ in particular drew a connection beW these ￿rSonal benefits and the optx)rtunilies vdunleering offers tts interact wth ¢Xhers and be part of a larger eornfnunty. Volunteers spoke of the social connections they gained and friendship5 established as a result of their volunteering as well as the optK)rtunty lo learn more atrtxrt themselves, offered an opwtunity to appty skils and knowledge and a sense of purpose for those who had reliied or reduc￿ their working hours as weN a$ enabling the development of new skills and movement Into paid eTry)bymenL Two of our own vdunteers who SUPPOrt the Volunt8et BLFreau progressed onto paid ern￿OyrreDtaS a result olthe skilLs and expeiYdnc8 gain￿ in their V￿unteer roles wlh the HIVE PortsnY)uth. Our vdunteer team organised 2 fayies across Ihe year attended by mutrh"p￿ organi$#t￿n$ across the sector and had 5 pop up events promol.ng volunteering in the city ￿nter. Wè introducèd social èvents across the year lo re¢ognise the importance of our volunteers and c￿ate a sense of connection with each other. Our Inspiring Vdunteer awards event in September received over 230 nofflinations and was attended by 200 people cefebrating the imp* that the volUnt￿rS have on our oty. Our Xmas appeals saw 376 gifts donated to Sophie's Legacy which disiribuled these to chihyren in hospilal, 272 gifts, 4,478 Xmas cards and 127 decorations donated lo care horre ￿Sidents. and we hosted three days of chr￿t￿a$ Wrapping stalls In a Ictal shoppiNJ centèT as a new hjndraising initkitive in the run up to Chnstrna& We continuéd to support the developrTEnl of the Disabthlities Advi￿ Group in the ¢ty and thair S￿la1 action to addre5S the issues around transkxrt emFAoyrrent and aC￿S to health servi￿. Cost of Lfvlng Support HIVE Portsmouth works to support residents who may be sIn￿glIng financrally or fxing hardship thfough a range of initsatives Induding Ouf HeWesks, Unrftjrm Share Store. support for local food P8nlrre5 and our digrtal In¢lusDn pYoJecL OUT communrty Hdpjesk and online difethry of thifjtates eaty Intervenbon and aims to rduce dèmand on tradits'onal semces. by SUPFyJrJing peopbe at an eaty staye. ProvKJing informalioj) and advic£ to guide peopk to the ftght support at the nght b'me and offering altematNe choices which help people to help themsefves and others. In totsl, we supported 13,131 erquI￿S through the hel￿eSk wh¢h equates to an average ot $2 enquir￿$ every day. The informatTh cap￿red through the Helpdesk supports our aim to ￿entsty gaps or needs in the Portsnlljth aw. We conb.nue to maintain the online directory of servKe5 fur the cty wh￿h 15 uts"lized by both reshlents and Pfofessiiwals across the cty. ￿ a￿ in the process of ￿¥[th￿n9 the funcrtionalty of thè dirèctory and CRM in ordaf to (lovelpop that in h'ne wrth our stratsgi¢ ambitions. The Helpdesk also operates the Unifomi sho￿ Store whKh is way we seek to relieve poverty, to advan￿ education. and to rel*ve need in indNtduals arising from their youth. age infirmity or disabilrty, finanoal hardship or arcUMstan￿. Free unrform Is available to any chikj In the city and in this year, 1126 families berEfftted trom this Servi￿ a150 encourages ￿jst￿nab1e practre and -tycling of our resources. Part ol our cost of fving focused work ks to SUPF¥Xt Con￿Unity groups to set up pantries or L7rders in their areas to provide access to affordable food. reduce fo(xl insecurity across the cty and &ldress the wider determinants of heath inequalth"es. HI￿E POrts￿1h provide mentoring. supptytwith funding bid applicalKJns, training and advKe to these 10 groups and ale sb"Il working to establish 2 morÈ across the city in areas of need. FO(￿ banks and pantries in the city are seeing leve15 of need signifi¢anUy In¢re8se. wth many spending significant porbons of their own ffinanctal resour￿ on the shoffjall from in¢onE fundirrfj. In response lo this, HWE PortsrrKJuth is exrAoring an overarching strategy lo guide the necessary acbons across tha cty to add￿5 fcK)d InS￿￿rity expertenced by our residents working n partnership wrth UK Harvest, a welkeslablished focxy rescue and educabon chanty. This process w¢Jl continue during 25126 and wll bring together organisations. residents and local communities to understand the issues and imF4ement a plan for Ihe longer4erni aim of having sustainable fcM)d security in the Cty. fccusing an￿allY on serv￿￿ supptsrts.ng restdents in financkil hardship with fc￿. Digital Incluslon The ability to get online. access vital services and keep S￿la1 ¢onne¢b"ons Is at the heart of our Digitsl Inclusion prctyect This year 93 people In were supported wth digtsl skills and 4 droFwn se55ions were run in Conjur￿0￿ with GP surgerES arKI Libraries In order to sUp￿rt residents to access the NHS app to proaclivety manage their heatth and wellbeing. Our partnershipwth the Society of St. James to tackle data poverty within our homeless and rough $￿epIng reshdents resulted in 36 data sims ￿'ng distributèd. Thi5 inr(iative provides an Invaluab￿ Safety net for h)meless. Vulnerab￿ Indiv￿ua1S in temis ol contact with heatth, social care and housing serv￿eS and also provides a means for individuals lo slay in contact wth frEnd and famity whih reducè$ 150jats.cm and supports good mental heatth. AcTrss to digital devies In the communty was also expanded by provKling IPads to both Community Kettle arsd Fratt¢n Together. We work with the VCSE Sector Our strategic fixus is to Co-develop a nelwork of VCSE ￿lIar￿ focused on the issues of importance to the VCSE. Promoting patherships. workiThJ and netsvorking with others to make the best use of information and resources available for the benefit of the ¢4ty is key in this work. During this year, we Conducted exten&ve consuttab.on and Cwrc4JuC￿n wilh ttie VCSE sethr whith established a strong desire lo estsblish a neiwork of alliances with four functions". Ènio¥rn8 .OEmyn*ial Paittherships Te8taEgdae￿l During the year we e5tat4ished and agie8d to fw"IFtate the firsl of these Alliances - the Communty Vlellbeing Ajliance with a defined mission. We aim lo bu￿1 the collectNe St￿ngth arpd voice of the VCSE. thrive togelheras all￿S and work tcoelher lo benefit the coffjrnunth.es we serve in Portsmouth. The Communty Wellbeing Alliance has agreed the year 1 work￿an which will facilitate in the coming year. A key locus in this workplan is to bu1￿ the Cap￿lty and skills in the VCSE sectoi to demonstrate the value of the work and in partnership wilh C¢>Lab. part of the Hampshire and low Healthcare NHS Truste's Academy of Research, a free training pr(8ramme was ddfvered to en3￿8 organisations to have the tods and knowledge to measure impa VCSE S•etor Support One ol our core a￿a9 of aclwity is to supwjrt small groups aThJ organiSa￿n$ within Portsmouth by provKling mentoring, support with bid appr￿￿.0￿5. training, advu and facihlkn'ng events and to Provide specialist advice to peop￿ consK1ering ststh.ng up a ￿la1 enterpnse, those Ideaswhich could tum into a sctial enlefprise and those ujrrenty running one. Ourteam work to ensure thatwe have a strong, dNer8e and vibrant group of organisations ￿adY lo rrEetthe need5 of Indiv￿uals arKI the C￿nrnUnrty. conbnued tr) host our nets¥(￿kIng meetings and workshops lo promoting partnerships and to make the best use ofinformaiiw and resources avaiFatle lorthe bènefit olthÈ(ity and 5UPPOrtÈd En3b￿ab1ljfy to f&ilitate a new ovèr 25's sorial group enabbng people with SEND tr) ha¥e fun and aL￿ evaluate the accessibility of varK)us iocab.ons In the city. also focus on Kjentifying gaps or needs in the Portsmouth area and sharing the information wth a range of partners. We published the S¢¢tor Ingght and Impact RerKrt outlining the key challenges cu￿n￿ faung VCSE organisatons.. decrea&ng incon*. increagng demand lor sw¥￿&5, rising oFeralional costs and ¢yJts to funding. As a resuli of this. we have seen an incTease in the requests for support funding bKJs. in recrurting Trustees and wrth adv￿ around govemaftcè and wlicy. In order lo providing space for organpsations to host dients and provide their aT(wniJ a myriad ol issues we opened a second c04vorking hub In north ofthe ety which provided additional meeting spaces to work wth ¢l*nts #nd to nety￿rk. The Hub in the SOLrth ofthè • conb.nued tts offer a vibrant Cow working space which ts￿r$ VCSE organisatscfis a place to worf¢, connect and learn. Portsmouth Cornmunlty Lottery HIVE Portsmouth conbnued to host the Portsnx)ulh Lottery whth supports 209 loca goott causes and distributed £27,755.50 01 lunding to 34 drfferent organ￿.onS tr) suprx)rt the iesilence ol the VCSE sector in Portsmouth. address gaps in provision Improve the health and wellbeing of our resklents. This year successful grants were madè to". Hea￿aY £1.0(Y).00 Personal Ch0￿e £994.(M) Sixth Portsmouth Guides £940.C() Seekers Create £1.000.00 8uttenliÈs Bère8¥èmenl £1,000.00 Citizens Advi￿ Bureau £150. The You TrusUAdvice PortsnY)uth £890.1)O Portsea Men's Shed £i.O¢XJ.00 Portsmouth Community Food Support £1,000.C(J Red Squirrel £1.000.00 B8ekè8ping for Hope £850.00 Shar8 Portsmuth £919.50 Portsmouth Pride Trust 5. Friends Wthout Borders £595.fy) Word of Mouth Workj CIC £800 00 Home Start Portsmouth £six). Connots Toy Lit￿ary £1.OlJO.00 The Lark Network £8CQ.00 Spark Community Sp Portsmouth IAt)rren Aliance £800.00 Portsmouth Cath*lr81 Chapter £800.00 Ajjilib'es for Lrf8 £855. Portsmouth Parent Voice £1.000.LX) St Luke Memory Café £5￿.00 Kurdish Home Portsmouth £1,000.00 Freedom F￿hterS CIC £1,000.00 Communty kèttle £977. Portsrr4Juth Gyrtae Cancer SupkK)n Group £1,000.00 Shaping Portsrnovth £800. United Learning Pautsgrove £330.CNJ Endometriosis Souih Coast £sfrJ.00 Parerstin9 N•twork £500.¢XI Polrtety Rebelious £500.00 We work in partnership Our strateg¢ f￿u5 15 tts work Ivward5 and cwroduce wq'ects around an agreed sel ofuty heatth and wdlbeing priorities. The Wellbeing Cotlective projÉ¢t has a focu5 on facilitsling earfy inleNention and reducing demand on traditional services, by suptDrb"ng p￿pIe within the community lo enabled ser¥te users to be INe well at horne and avoid ￿adMiss￿)n to h05pitsI. worked in partnership with Brth"sh Red Cross, AgeUK Portsmouth and Good Gym to suprM)rt 946 people recetving 471 new referrals In the year. The C(Alects"ve has developed gateway wss into VCSE and a ¢ommunty neh¥ork, integrated wth key admission avoidance teams and created a singl• point of for healtkare prnvK6eTs. The rnain frtus for our Communty Mental Health Transformati￿ wqe(IvrJs to o>producean effecb.ve approach lo ryEasure the impact of the Portsmouth Mental Health Hub which was developed in phase one of the project witr the eXFerle￿e nefvlork This ￿11 continue in the cryning year. In addition, we supported". the inlr(Kluction and ImF48M8nta￿n of the cwrodu¢b"on nxyjet in in-patient adult mentsl hearth services in the ¢ty. Family weath in the devebpment of an online tool to supkx)rt young people around emob.onal èating". and facitFtated two'Food. Feelings and Facts" questk)n an¢ answer events in the aty bringing tO9ether professionals. pa￿￿ts. ￿TerS and young peop￿ which receNed excel￿nt feed￿k from all part￿ipants. Akjngside PortsnJ)Lrth City Counol and the Universty of Portsmouth. HIVE Portsmouth is a cwartner in thè Hearth nelerminants Research Cc4Iabow￿e IHDRCI. HORCS were created by NIHR lo boDsI research capacity and capabifity %Mthin I￿21 go¥ernment_ They aim to furthef embed a culture ofalways sing evidence when making decisions, buikjing fesearch awareness and skills in our teèms and wrth communty partners. and u51ng research findings to understand how decisions impact on heath 8nd health outcomes. During 2024, the proi8Ct Yd5 ￿ a de¥ebpment phase and key ￿hieveMents were.. ProgramrrE Board and Steering Group workshops es1al￿'Shed'. HDRC prinaples ￿￿eVeloped wth Steering Group., Iryrtite Collaborats'on ￿reement belween PCC, UOP and HIVE su￿￿., disa)very research projects undertaken around earty language leaming environments & heal events in school5', links with the HDRC netsyork and reg￿nal researth landscape estsblished. Manchester Metropjlitan UnNersty Su￿s[U1ty comrThSsion￿j 8s evalu8b.on partners. The &month pr￿)reSS feportwas submitted in August 2￿24 and in November w• were awarded the full ffve years of lunding beginning in January 2025. We aim to SUPFth research that addresses complexity, 15 collaborative, and is grounded In the experience of our residents, parttcularty in crynmunilies that experience health IA￿ual￿*. Fi￿ncIlI r•viva7 In pu￿ operation terms, the￿ was an en(kof-year def￿ of £240.323 beaving our fvnd tdance at £1.421,781 consisting of £881.070 rtstrKtted reseryes (note 211 and £540.711 unrest￿￿ reserve5. The Boaril of Trustees updated ts Reselves in 2￿3r24. tskn.ng into a¢¢ount fvture financral sUstaina￿lIty and revised goals and objethves aThJ set the safe Jevel of reservès a$ £160.285 baséd on 3 nh)nths Operation￿ expenditure in 202212023. Al 31 March 2025, HIVE Portsmuth hekl UnreStr￿ted lfreel reserves totalling £540,711 at the year end, however, they have designated £379.497 of unrestricted fvnds for specific activty over the next few years which will provide a planned *nvestrnent in actrvth'es cU￿enty funded through granlwresthcted fijnds, including sc¢me staff r(Aes. in order to conts.nue beyond the grant date whilst alternative, ongoing sources of fvnding ar& pursued. The rev￿ of unrestricted and undesignaled fvnds al the end ofthe year is £161.214. which 51ighUy eX￿e￿$ the $8fe ￿e1 of reserves. HIVE Portsmouth would fike to thank all grant awarding bodies and organisations who donated or awarded to HWE Portsfrouth during the finaniyal yew. Futlhei detaiLs of these Gan be found in the notes lo the accounts. The ongoing support of the ICB arKI PortsrrK)uth Cty Council. who support the HWE Portsmouth with a significant gift in kind of staff and prem￿ cosis, is thanklulty ackn0w￿Jed, along with sincere appreciats.on to BAE Systewts Ltd who awarded a major grant to HIVE Pc*rtsmouth for the purposes of securing a¢c¢mmdakn"on to beneft the broader VCSE the first ofwhith opened in June 2023. The Trustses has assesse(l the major risks to whth the charity is exp05&Y and are sab"sfied that systems are in place to mitvJate exKY)suie to the major risks. Risk Managernent The Trustees examine the major strategt. business and operabonal nsks fa￿d by Ihe HIVE Portsmouth and maintains a Tisk TegLster whith ￿viewe(l wularty by the Risk & Control Commrttee and Trustee Board. ￿ere appcopnate. systeft￿ orprocedU￿$ have been eSt2￿1shed to mib.gate the risks faced ar*d budgetary and Intemal risks have btren minimised by the implemenlal￿n of finan￿al prccedures which include authoriSat￿n Iiryuts. pol￿eS and prctedures are aLso in place lo ensure pliance with health and safety. equalty. dNersty and other ￿gI￿at￿)n ar￿ thes& 8te F>eriOd￿allY rèviewed to Confirm they conb'nue to ffi￿t the needs ofthe HIVE Portsmouth 8re up lo date any changes to legisLAt￿n. Structufe. governanee and managemenL The chaiity Js a company limiteJnting in finawal slatements. Based on these a53es3ments haviThJ regwd k) Ihe restyjrces available to the enty, the trustees have conduded that the￿ Is no material uncothnty and th* tw can £ontinue io athjpt the goiffj conc8m bags In preparirq ￿ annud report 8nd finantsal &atement& 1.3 cha￿tab￿ lunds Unrestricted funds ate *diFaLle for LW at ts disixebon of the Irustees in ftjthewce ol their charit3bl8 jectives. Cesignated knnds comprk%e lunds have tr*en sel ayde at ￿ th'sc¥eti¢>n Of the trustees for specffic purp)ses. Th• puposes u5e5 ofthe desgnated funds are set wl in the ￿te$ io the finanual statements. Restricted funds ar8 subpd to conthti￿$ ty drmrs or grant￿$ as to how they may be used. Th8 piryoses 8nd uses ofth8 r8Stricted ftjnds are set out in the notes to the ststwnents. 1.4 Inc¢)m• Income is rgcognised wf*n the charity is legally to rt aftar any pèrfom)ancè cond*ti"ons have b88n meL the amounts can be rneasured ￿llabty. and it is pffjbable Ihat 4n¢ome ￿711 te re¢Ned. Cath donatiork3 are recognised on receipt. Other O)nalTons are retty)￿d once the chalty has been notified of the doTratw. udess pwfortrance condrtions require deferral of the amourt Inccrne tax recOvera￿e in r*tiw to d￿a￿"￿1$ under GrftAi(J or de8ds of covenant reu)gni8ed 8t th8 tirn8 ofthè donth"on. Legwe$ S￿ recognised on receipt or othe￿7$• rf lh8 charity ha5 notFfied of an Impending distribution, the amount Is known. and rtt&pt is èxp¥te>n 1,071,375 THE HIVE PORTSMOUTH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Restricted funds (Continu•dl cyp To provide slffic￿l re$¢uTces to surp)rt the developmerrt ofthe servw vduntsry and comrnunty sector for thildren and young peorAe's services in Portsmouth. This form an integral part in the Start for Life Protyamrne. Nauonal Lottery commun￿ Fund- Innovatoon Gwant To prowde support for innovats.ve ideas and wciect5 fr¢￿ smal local vcluntary or communrty groups INed eXpene￿e to lest approaches With a ¥i￿t0 re*ing a sustainable footing. Cfl$Js Granl Dlgmal L•ndlng Ubrary & School Unllonn Shop To the emerger)cy assistanTr d15crebow crigs grdnts, to enhaKe the digital lerhding library by th8 provLsion ol d￿ceS and intefflet conneobons & to wowdè 8merg8ncy 8sw*arv gr8nts to user5 of th8 HIVE hool unrfomi sh¢4). Reconnectlng Communrties The purpose of this grant thme is icl gWK)rl Pr*tsnKrtth fes*Jents in ￿tt¥j ts"r local community, to safety ￿Urn to nv)re nomial ways of life. PCC Stsff Costs To fund ad¢th'tional staff costs a&x￿m8ted vmlh the delivw of SF•Jfic Supp￿ for th& Clinically Extr8rndy lnera￿e group dunng the 2nd wave of the cO￿a 19 Pandtmte. Discre￿o￿ary & Household Grants To prowdè administrative suppryt ts fvjffilment aThl furxting tr Covid DIscret￿nary Grants. Conwnunlty Larder To sÈt up a Comnwjnty Larder and White Goats offer. VCSE Hardship To support VCSE organtsalms In Iht cty at finanoal risk Ithere the cost of &w"rrfJ uiss has r￿uced abrtty to Solenl NHS To build engawont with and ¢a￿city for reswch aNI evaluation aEr055 cornmunities in Portsmouth. C&NMSCGG To facilitate Ihe ewcrfluction element of Ihe Ctynmuruty Menta Health Framewryk ICMHF) Infrastruciur• & Wellbglng T¢ set up the infrastructure for wetfare and kdity supm and to emwe the man￿ernent and oversight of well-being ch&ck5. Wrtt•r To fund a tsd wrtter ts The HIVE Pc¥lsmtyJth and ￿lder VCSE Pandemic Support To sw¢yt individuals and communitiès imparted by the pandemK. partifyJLqrty where they afe diThcally extremety vulnerable er have suffered adverse impxt from self-150knn. Supporwng pov•rty To support povgrty in the City. HfvE Community Fund - Mental H•aXh To support gaps in th8 mant4 prD¥ision in ts Cty*Drkry ¥￿th sta1￿￿ partws and the sector. -29- THE HIVE PORTSMOUTH NOTES TO THE FINANCIAL STATEMENTS (co￿riNuED) FOR THE YEAR ENDED 31 MARCH 2025 21 Restricted funds (ContEn￿dI HFWCF This indu(*s the BAME Connec* & Trive ￿1¢h airns to Ixjikl ￿ the kdty and BAME vAthin Portsmoulh. 11 also indud8s the H1￿F - Sc*cd Vnrftym ams to contt¥Lth t(wa￿S the o)sls of setb.ng up the school unrform bank. Flnaly, rt indudès the HtWCF- MH Firslkn TraiThrrfJ vthith am$ to I￿¥1￿• first aml training. BAE SysterT To eontrrfcLrte towards the lease or Iwte, fit out and lumishir#J, and OFeratron of up to two prernises to aTrE)W VCSE organisations to operats. wllsbotate and wovide se￿￿e$ to tr)e I(¢￿ community. Portsmouth Dlsablllty Fornm On 20 January 2022. the assets and actiwties of Pc#tsmoulh DISa￿[ty Forum wère merged into the charrty. The yoceeds on Ihe merged amounted to £422.918. aThJ are as a testricaed donation in the accounts. HDRC Devek)pment YR To ￿rk ￿th PCC and the UnNersty of Portsmtyjlh to *J•velDp a pro￿￿ plan to buld engagament wth and pauty for research and eVal￿t￿￿ across cth7)munFbes Pcrt5rrK)th. HDRC Project To work wth PCC and the lJ)iver>ty of Portsmouth to l￿ik1 ervJa9ernwrt wlh and c£pac4ty for ras•ar¢h and 8luati￿ aryoss o)mmunrbes in Pcx1*YKXth. ulsgrove Ark Funds from the Portsm￿ Cornmurmty Lottery bw"ThJ hekl on behaff ol Fa￿$grOVeAf￿. Portsea Acttvity To support comrnunrty acb'uibé¥ in Portsea W911b•lnu Colle¢ti Tho ￿lIbeing Collec*ve reducti￿ of Wstsl 8