THE HIVE PORTSMOUTH
HIVE Portsmouth works in partnership with local people, groups and organisations to improve the well-being of people in Portsmouth. We support the development of voluntary and community groups, social enterprise, volunteering and social action. We provide information to guide people to the right support at the right time, enabling early intervention, independence and resilience.
Financial health, per its FY2024 accounts
The accounts state that the charity ended the year with a deficit of £101,082, resulting in total funds of £1,662,104. Per the trustees' report, unrestricted reserves of £590,729 were held, with £171,133 remaining undesignated, which slightly exceeds the stated safe level of reserves. The trustees confirmed there is no material uncertainty regarding the charity's ability to continue as a going concern.
What the accounts disclose
“Grants receivable 439,368 353,200 492,568” — page 21
“set the safe level of reserves as £160,285 based on 3 months operational expenditure in 2022/2023.”
“The ICO confirmed that no regulatory action was necessary, and the Trustees determined that a serious incident report should be made to the Charities Commission. The Charity Commission assessed the circumstances of the incident and concluded that the trustees dealt with the matter appropriately and responsibly.” — page 9
Funders the charity credits
- BAE Systems
- National Institute for Health Research
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (23/08/2022)
Trustees
- REV ROBERT CHARLES WHITEchair
- Ian Morris
- Ian Piper
- Joanna Catherine Toms
- Nicola Coles
- RORY MASSEY
- Sandra Bramley
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £759k | £999k |
| 31/03/2024 | £745k | £846k |
| 31/03/2023 | £1.4m | £872k |
| 31/03/2022 | £1.4m | £806k |
| 31/03/2021 | £822k | £448k |
Common questions
Is THE HIVE PORTSMOUTH financially healthy?
Per its FY2024 accounts: The accounts state that the charity ended the year with a deficit of £101,082, resulting in total funds of £1,662,104. Per the trustees' report, unrestricted reserves of £590,729 were held, with £171,133 remaining undesignated, which slightly exceeds the stated safe level of reserves. The trustees confirmed there is no material uncertainty regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Sumer Audit.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| AGE UK | 1 | £252k |
| CHURCH REVITALISATION TRUST | 1 | £32k |
Charities like this
- The Hive PSJ Ltd.
- HIVE BRADFORD
- HOPE INTO ACTION PORTSMOUTH
- THE PARTNERSHIP FOUNDATION
- PORTSMOUTH AND DISTRICT FRIENDLY SOCIETIES' HOMES
- THE PCC OF HARBOUR CHURCH PORTSMOUTH
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE HIVE PORTSMOUTH | £759k | — | 0 | above | — | no doubt |
| The Hive PSJ Ltd. | £128k | — | 0 | unclear | — | no doubt |
| HIVE BRADFORD | £159k | — | 0 | unclear | — | no doubt |
| HOPE INTO ACTION PORTSMOUTH | £309k | — | 0 | unclear | — | no doubt |
| THE PARTNERSHIP FOUNDATION | £145k | — | 0 | unclear | — | material uncertainty |
| PORTSMOUTH AND DISTRICT FRIENDLY SOCIETIES' HOMES | £106k | — | 0 | unclear | — | no doubt |