REGISTERED COMPANY NUMBER: 09566460 (England and Wales)

REGISTERED CHARITY NUMBER: 1178906

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 27 October 2025

for

WilstockHub

Page

Report of the Trustees

1

to

5

Statement of Financial Activities

6

Balance Sheet

7

to

8

Notes to the Financial Statements

9

to

14

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 27 October 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and Public Benefit

WilstockHub's charitable purpose is to advance community development by creating a welcoming, inclusive community hub that supports health, wellbeing, learning, social connection, and environmental engagement.

In reviewing activities during the year, the trustees have had due regard to the Charity Commission's guidance on public benefit. The trustees believe that the charity's work delivers clear public benefit by:

* Providing opportunities for social connection and reducing isolation

* Supporting physical and mental wellbeing

* Creating inclusive spaces that remove barriers to participation

* Encouraging community involvement, volunteering, and skills development

* Promoting environmental awareness and stewardship

The charity's beneficiaries are the residents of Wilstock, Stockmoor, and the wider community, with particular consideration given to those who experience barriers to participation, including young people, older adults, veterans, and underserved groups.

Significant activities

Development of the Community Hub

Bloor Homes Southwest gifted WilstockHub a plot of land for the development of a community hub. Following extensive community consultation, a building was designed to meet identified local needs. All required planning permissions have been secured.

The trustees adopted a phased approach to construction:

1. Drainage and groundworks (completed)

2. Construction and internal fit-out

3. Landscaping and outdoor works, to be delivered with community involvement

Bailey Partnership Group Ltd was appointed to provide construction procurement and delivery services. In 2023, tenders were issued to seven regional contractors. Following a competitive assessment process, Mercury Construction was appointed as preferred contractor.

Key cost milestones were as follows:

* Initial order of cost estimate: £1,953,582 plus VAT (as applicable)

* Contractor cost plan: £1,733,336 plus VAT(as applicable)

* Value-engineered contract sum: £1,546,653.73 plus VAT (as applicable)

* Final agreed contract sum (including contingencies): £1,736,433.73 plus VAT (as applicable)

In May 2025, trustees confirmed the project's affordability. A formal letter of intent for enabling works was issued in June 2025 for £360,000 plus VAT(as applicable). A final value-for-money report was issued in June 2025.

Formal contract documentation was issued via Docusign on 22 October 2025, with construction commencing in late October 2025. Practical completion is anticipated by the end of April 2026, subject to weather conditions.

Works Completed During the Year

* Existing foundations installed by Suttle Groundworks were exposed

* Foundation adaptations were designed to accommodate revisions to the steel frame layout

* Monthly financial and progress reports are provided to trustees

Community Activities and Engagement

Despite being in the construction phase, WilstockHub continued to deliver a programme of community engagement activities.

Nature and Environmental Activities

Family nature events were delivered throughout the summer, promoting wellbeing and environmental awareness. Progress continued on a three-piece community mosaic, designed and created by residents, which will be installed on the completed building.

WilstockHub's environmental and conservation work operates under the name Little Nature Folk, a multigenerational initiative focusing on connection, inclusion, and wellbeing. Planning continued for Phase 3, which will include an accessible, inclusive community garden with sensory features.

The Big Lunch

The Big Lunch remains WilstockHub's most successful and well-loved annual event. Having started in 2016 with 20 participants, it now attracts more than 500 people. The event plays a key role in reducing isolation, strengthening community bonds, recruiting volunteers, and fundraising for the hub.

Partnership Working

The trustees place strong emphasis on partnership working, including:

*LiveWest Housing Association, supporting residents within the 40% social housing in the area

*Bloor Homes Southwest, with whom the charity maintains a positive working relationship

*Quantock Landscape Partnership Scheme, supporting environmental engagement linked to the Quantock Hills National Landscape

The charity continues to engage with veterans living in the community, many of whom contribute valuable skills and experience and benefit from opportunities for connection and belonging.

The trustees are proud of the progress made during the year and remain united in their commitment to delivering a sustainable, inclusive community hub. The charity is entering an exciting new phase, grounded in strong governance, community trust, and shared purpose.

The trustees thank all funders, partners, volunteers, and residents who continue to support WilstockHub's vision.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

Achievements and Recognition

WilstockHub's work has been recognised nationally and locally, including:

* 2020 - "My Special Keepsake Book: Lockdown 2020" (10,000 printed copies; 16,000+ downloads)

* 2020 - Woman & Home magazine feature

* 2021 - Peer-reviewed international journal article on post-COVID community sustainability

* 2022 - Eden Communities case study

* 2022 - BBC Points West coverage

* 2024 - LiveWest social value pilot project

* 2024 - Quantock Hills National Landscape national report

* 2025 - Take a Break magazine feature

* 2025 - BBC Somerset radio interview

FINANCIAL REVIEW

Financial position

The trustees are responsible for maintaining proper accounting records in compliance with the Charities Act 2011.

Funds held at year end were primarily earmarked for capital works and community engagement. Expenditure decisions are approved by the board and considered against the charity's objectives and risk register.

Reserves policy

The charity has not yet formalised a reserves policy, reflecting its development stage and focus on capital delivery. The trustees anticipate that, as operations commence, a target reserve equivalent to approximately six months' operating expenditure will be adopted. This policy will be reviewed regularly against known income and forecast expenditure.

FUTURE PLANS

Plans for the Next 12 Months

The coming year represents a defining transition for WilstockHub, moving from a capital development project to operating a community hub.

Strategic Priorities for 2026

1. Opening and Operating WilstockHub

Establishing the hub as a vibrant, inclusive space offering activities that respond to community needs.

2. Strengthening Governance and Operations

Embedding robust governance, financial controls, risk management processes, and diversified income streams.

3. Co-design and Delivery of Outdoor Space (Phase 3)

Working with residents and partners to deliver an inclusive 1,800m² outdoor area promoting wellbeing, sustainability, and community events.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Organisational structure

WilstockHub is a company limited by guarantee (company number 09566460), incorporated in April 2015, and registered as a charity in July 2018 (charity number 1178906).

The charity is governed by its memorandum and articles of association. Trustees meet quarterly, with additional meetings arranged as required. An Annual General Meeting is held, and the charity aims to operate transparently and accountably.

All trustees serve voluntarily and receive no remuneration.

Trustees confirm that they:

* Understand their responsibilities

* Keep informed of changes in charity law

* Manage risks through appropriate systems and insurance cover

* Monitor finances and ensure responsible stewardship

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

09566460 (England and Wales)

Registered Charity number

1178906

Registered office

11 Wilstock Way

Wilstock Village

North Petherton

Somerset

TA5 2RR

Trustees

E J Ryan Trustee

A S E Bradford Trustee

W J Revans Trustee

Mrs L R Spelman-Ives Trustee

M S Punni Trustee (resigned 6.3.25)

R J Brown Trustee

Mrs E A Kay Trustee

Mrs S Winter (appointed 11.3.26)

Company Secretary

Approved by order of the board of trustees on 15 July 2026 and signed on its behalf by:

Mrs L R Spelman-Ives - Trustee

27.10.25

27.10.24

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

15,000

-

15,000

245,000

Other trading activities

2

2,698

-

2,698

3,750

Total

17,698

-

17,698

248,750

EXPENDITURE ON

Raising funds

3

10,414

-

10,414

20,704

Charitable activities

Community hub build

10,362

-

10,362

-

Other

1,632

-

1,632

-

Total

22,408

-

22,408

20,704

NET INCOME/(EXPENDITURE)

(4,710

)

-

(4,710

)

228,046

Transfers between funds

11

13,028

(13,028

)

-

-

Net movement in funds

8,318

(13,028

)

(4,710

)

228,046

RECONCILIATION OF FUNDS

Total funds brought forward

1,737

625,931

627,668

399,622

TOTAL FUNDS CARRIED FORWARD

10,055

612,903

622,958

627,668

27.10.25

27.10.24

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

8

510

473,992

474,502

415,862

CURRENT ASSETS

Debtors

9

11,185

-

11,185

-

Cash at bank

-

138,911

138,911

211,806

11,185

138,911

150,096

211,806

CREDITORS

Amounts falling due within one year

10

(1,640

)

-

(1,640

)

-

NET CURRENT ASSETS

9,545

138,911

148,456

211,806

TOTAL ASSETS LESS CURRENT LIABILITIES

10,055

612,903

622,958

627,668

NET ASSETS

10,055

612,903

622,958

627,668

FUNDS

11

Unrestricted funds

10,055

1,737

Restricted funds

612,903

625,931

TOTAL FUNDS

622,958

627,668

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 October 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 15 July 2026 and were signed on its behalf by:

L R Spelman-Ives - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.	OTHER TRADING ACTIVITIES

27.10.25

27.10.24

£

£

Fundraising events

2,698

3,750

3.	RAISING FUNDS

Raising donations and legacies

27.10.25

27.10.24

£

£

Support costs

6,832

4,347

Investment management costs

27.10.25

27.10.24

£

£

Support costs

72

-

Aggregate amounts

10,414

20,704

4.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

27.10.25

27.10.24

£

£

Depreciation - owned assets

1,227

1,760

5.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 27 October 2025 nor for the year ended 27 October 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 27 October 2025 nor for the year ended 27 October 2024.

6.	STAFF COSTS

The average monthly number of employees during the year was as follows:

27.10.25

27.10.24

Key Management Personnel

7

-

No employees received emoluments in excess of £60,000.

7.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

fund

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

1,000

244,000

245,000

Other trading activities

3,750

-

3,750

Total

4,750

244,000

248,750

EXPENDITURE ON

Raising funds

9,327

11,377

20,704

NET INCOME/(EXPENDITURE)

(4,577

)

232,623

228,046

RECONCILIATION OF FUNDS

Total funds brought forward

6,314

393,308

399,622

TOTAL FUNDS CARRIED FORWARD

1,737

625,931

627,668

8.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 28 October 2024

414,125

9,616

423,741

Additions

59,867

-

59,867

At 27 October 2025

473,992

9,616

483,608

DEPRECIATION

At 28 October 2024

-

7,879

7,879

Charge for year

-

1,227

1,227

At 27 October 2025

-

9,106

9,106

NET BOOK VALUE

At 27 October 2025

473,992

510

474,502

At 27 October 2024

414,125

1,737

415,862

9.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

27.10.25

27.10.24

£

£

VAT

11,185

-

10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

27.10.25

27.10.24

£

£

Accruals and deferred income

1,640

-

11.	MOVEMENT IN FUNDS

Net

Transfers

At

movement

between

At

28.10.24

in funds

funds

27.10.25

£

£

£

£

Unrestricted funds

General fund

1,737

(4,710

)

13,028

10,055

Restricted funds

Sedgemoor District Council

625,931

-

(13,028

)

612,903

TOTAL FUNDS

627,668

(4,710

)

-

622,958

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

17,698

(22,408

)

(4,710

)

TOTAL FUNDS

17,698

(22,408

)

(4,710

)

Comparatives for movement in funds

Net

At

movement

At

28.10.23

in funds

27.10.24

£

£

£

Unrestricted funds

General fund

6,314

(4,577

)

1,737

Restricted funds

Sedgemoor District Council

393,308

232,623

625,931

TOTAL FUNDS

399,622

228,046

627,668

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

4,750

(9,327

)

(4,577

)

Restricted funds

Sedgemoor District Council

244,000

(11,377

)

232,623

TOTAL FUNDS

248,750

(20,704

)

228,046

A current year 12 months and prior year 12 months combined position is as follows:

Net

Transfers

At

movement

between

At

28.10.23

in funds

funds

27.10.25

£

£

£

£

Unrestricted funds

General fund

6,314

(9,287

)

13,028

10,055

Restricted funds

Sedgemoor District Council

393,308

232,623

(13,028

)

612,903

TOTAL FUNDS

399,622

223,336

-

622,958

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

22,448

(31,735

)

(9,287

)

Restricted funds

Sedgemoor District Council

244,000

(11,377

)

232,623

TOTAL FUNDS

266,448

(43,112

)

223,336

12.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 27 October 2025.