THE HUB YEOVIL COMMUNITY SUPPORT CHARITY
The Hub is a social enterprise, delivering innovative person-centred and vocational skills-development training for people with learning disabilities and difficulties to enjoy employment and active citizenship. Work-coaches support vulnerable people to thrive and enjoy 'real' working lives in the charity's trading companies and to learn new skills as part of the charity's micro-enterprises.
Financial health, per its FY2024 accounts
The accounts state that total income increased to £766,299 with a net surplus of £26,611, resulting in total free reserves of £101,406. Per the trustees' report, this reserve level is above the stated policy target of £90,000 for the 2025 financial year. The charity reports a stable financial position with no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“For our 2025 financial year the reserve amount should be £90,000.” — page 11
“L Eveleigh, a trustee, is an employee of Battens Solicitors. During the year the trust paid Battens Solicitors £360 (2023: £nil) for legal services.” — page 31
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Neil Andrew Downtonchair
- JAMES STUART MCCABE
- James Sebastian Bowes
- Julie Ann Matthews
- Lesley Eveleigh
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £766k | £740k |
| 31/12/2023 | £697k | £634k |
| 31/12/2022 | £538k | £584k |
| 31/12/2021 | £503k | £475k |
| 31/12/2020 | £611k | £550k |
Common questions
Is THE HUB YEOVIL COMMUNITY SUPPORT CHARITY financially healthy?
Per its FY2024 accounts: The accounts state that total income increased to £766,299 with a net surplus of £26,611, resulting in total free reserves of £101,406. Per the trustees' report, this reserve level is above the stated policy target of £90,000 for the 2025 financial year. The charity reports a stable financial position with no material uncertainties regarding its ability to continue as a going concern. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 26/04/2023 | £98k | The Hub Approach |
| UK government | 07/07/2020 | £5k | Coronavirus Community Support Fund |
| The National Lottery Community Fund | 23/08/2019 | £10k | Word / Play 2019 Programme |