HIVE
Hive provides information services, resources and network opportunities for voluntary and community sector groups in the Sudbury and District area of Suffolk. It helps new community groups to grow and provides training for trustees, staff and volunteers within local organisations. It now owns a building (a former URC church) which it hires out to local groups.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a total income of £31,866 and a net surplus of £8,358 for the year, resulting in a total fund balance of £38,245. However, the unrestricted funds experienced a net loss of £3,267, and the trustees note risks regarding the ability to raise funds and the costs associated with managing the purchased building.
What the accounts disclose
“General Funds 10,484”
Trustees
- Dorothy Mary Slatter
- Nesta Lesley Ford-Platt MA
- ROBIN WILLIAM RYDING HODGKINSON
- Richard Anthony Platt Mr
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 01/04/2025 | £32k | £25k |
| 01/04/2024 | £45k | £42k |
| 01/04/2023 | £61k | £57k |
| 01/04/2022 | £281k | £297k |
| 01/04/2021 | £29k | £409 |
Common questions
Is HIVE financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a total income of £31,866 and a net surplus of £8,358 for the year, resulting in a total fund balance of £38,245. However, the unrestricted funds experienced a net loss of £3,267, and the trustees note risks regarding the ability to raise funds and the costs associated with managing the purchased building. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 28/07/2020 | £10k | VSCE CMC Fund |
| The National Lottery Heritage Fund | 20/09/2001 | £5k | "This new group was established to document, social and environmental changes within Hasting and St Leonards as it goes through a regeneratio" |