The Hive College
Latest income
£4.0m
Latest spending
£3.8m
Registered
2016
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that free reserves at 31 August 2025 were £5.4m, with cash balances of £8.7m. Per the trustees' report, the Trust is expected to maintain cash balances between £7m and £9m through 2027, supported by projected revenue surpluses.
What the accounts disclose
Related-party transaction: Transactions with Aspire People Ltd were over the ESFA limit and lacked prior approval.
“We are aware that during the year, transactions occurred whereby monies were paid to “Aspire People Ltd” £100,285 for the 23/24 year and £146,753 in 22/23. As these transactions were over the ESFA’s set limit, approval should have been sought before making these transactions.” — page 140
Per its FY2025 accounts as filed with the Charity Commission.
Governance: The Trust only has three members, where the recommendation is five.
“We also continue to note that the Trust only has three members, where the recommendation is five.” — page 124
“As last year, we continue to note that the Trust does not prepare a cash flow statement/forecast as part of its monthly management reporting.” — page 124
Per its FY2025 accounts as filed with the Charity Commission.
Governance: The Trust does not prepare a cash flow statement/forecast as part of its monthly management reporting.
“We also continue to note that the Trust only has three members, where the recommendation is five.” — page 124
“As last year, we continue to note that the Trust does not prepare a cash flow statement/forecast as part of its monthly management reporting.” — page 124
Per its FY2025 accounts as filed with the Charity Commission.
Governance: Monthly management accounts were not prepared for the first part of the financial year.
“We also continue to note that the Trust only has three members, where the recommendation is five.” — page 124
“As last year, we continue to note that the Trust does not prepare a cash flow statement/forecast as part of its monthly management reporting.” — page 124
Per its FY2025 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/08/2025)
Total income
£59k
Total spending
£3.8m
Reserves (reported)
£123k
Employees
88
Trustees
- Alexandra LOFTHOUSEchair
- CALVIN ROBERT HUSSEY
- Ian Lang
- Jameela Hickox
- Jon Harris
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £4.0m | £3.8m |
| 31/08/2024 | £3.6m | £3.1m |
| 31/08/2023 | £2.9m | £2.7m |
| 31/08/2022 | £2.9m | £2.5m |
| 31/08/2021 | £2.5m | £2.1m |
Common questions
Is The Hive College financially healthy?
The accounts state that free reserves at 31 August 2025 were £5.4m, with cash balances of £8.7m. Per the trustees' report, the Trust is expected to maintain cash balances between £7m and £9m through 2027, supported by projected revenue surpluses. Its FY2025 accounts were audited by Crowe U.K. LLP.