THE HUB TRUST
The main object of The Hub Trust is the advancement of the Christian faith in Hitchin, Hertfordshire and such other parts of the United Kingdom and the world as the trustees may decide.
Financial health, per its FY2024 accounts
The accounts state that the charity held unrestricted cash of £31,920 at year end, complying with its reserves policy target of no less than £20,000. The filing notes that actual income exceeded budget by 9% while expenditure was 3% lower than budgeted, resulting in a net positive movement in funds.
What the accounts disclose
“The trustees have determined that the charity should aim to hold unrestricted cash of no less than £20000 (which equates to about 3 months of unrestricted expenditure)” — page 9
“Jeremy Burrowes, a trustee, received £126 [2023 £961] for his role as finance manager, not in his role as trustee, as permitted by the governing document.” — page 14
“Jeremy Burrowes, a trustee, received £126 [2023 £961] for his role as finance manager, not in his role as trustee, as permitted by the governing document.” — page 14
Trustees
- Ben Kellard
- David Holmes
- Dr Daniel Oakes
- Jeremy Seymour Burrowes
- Rachel Jane Herbert
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £80k | £81k |
| 31/12/2023 | £66k | £61k |
| 31/12/2022 | £51k | £46k |
| 31/03/2022 | £52k | £68k |
| 31/03/2021 | £67k | £58k |
Common questions
Is THE HUB TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity held unrestricted cash of £31,920 at year end, complying with its reserves policy target of no less than £20,000. The filing notes that actual income exceeded budget by 9% while expenditure was 3% lower than budgeted, resulting in a net positive movement in funds. Its FY2024 accounts were independently examined.