Lydney Hub

Analysis

Lydney Hub is a registered charity in England and Wales, based in Gloucestershire. It was registered in January 2020, 6 years ago. Its declared purposes cover general charitable purposes and economic/community development/employment, which this site groups under community and economic development. Legally it is a charitable incorporated organisation (CIO). It says it provides buildings/facilities/open space and provides services.

In the financial year ending January 2024, Lydney Hub reported income of £15k and spending of £39k, spending 270% of what it took in. Across the 4 years on record, from April 2021 to January 2024, income fell from £75k to £15k (-81%), an average of -42% a year. The sharpest change came in the year to January 2023, when income dropped by 81%. Over the whole period it spent 68% of the income it received.

Among 1,869 England and Wales charities whose main cause is community and economic development and that reported income, Lydney Hub sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in England and Wales with reported income it ranks in the 38th percentile. Charities of a similar size with the same main cause include Hevingham Village Hall (£14k), Chesterton Youth Club (£15k) and Wells-Next-The-Sea Unit (No 645) of the Sea Cadet Corps (TS Eliza Adams) (£14k).

Data notes from the register: The regulator lists this charity's latest annual return or accounts as overdue.