The Dacorum Heritage Trust Ltd
Trustees, Annual Report and Financial Statements
Year Ended 31 March 2024
Charity registration number: 1026161
Company registration number: 2851313

The Dacorum Heritage Trust Ltd
Financial Ststements
Year Ended 31 March 2024
Contents
Page
Charity Reference and Administrative Details
Trustees, Annual Report
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
10-11
Notes to the Financial Statements
12-20

The Dacorum Heritage Trust Ltd
Charity Reference and Administrative Details
Year Ended 31 March 2024
Charity registration number
1026161
Company registration number
2851313
Accredited Museum Number
1594
Trustees
J W Allen
A A Barham
R Benvie
K E Cassels
K S Galal
A L Haynes
F R Herzberg
FJPage
Registered Office
The Museum Store
Clarence Road
Berkhamsted
Hertfordshire
HP4 3YL
Sollcitor
Machins Solicitors LLP
295-299 High Street
Berkhamsted
HP4 1AJ
Banker8
The Co-operative Bank plc
PO Box 101
1 Balloon Street
Manchester
M604EP

The Dacorum Heritage Trust Ltd
Trustees, Annual Report
Year Ended 31 March 2024
The Trustees present their annual report and the independently examined accounts of the charity for the year
ended 31 March 2024.The Trustees have adopted the provisions of the Statement of Recommended Practice
(SORP) "Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial
statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to
the accounts and comply with the charity's governing document, the Charities Act 2011 and 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).
Trustees of the charlty
The directors of the charitable company are its Trustees for the purposes of charity law. The Trustees who
have served during the year and since the year end were as follows:
J W Allen {appointed 2 November 2023)
A A Barham
R Benvie (appointed 9 May 2024)
K E Cassels
M Chandaria (resigned 9 May 2023)
K S Galal (appointed 11 May 2023)
S W Gill (resigned 31 May 2024)
A L Haynes
F R Herzberg
FJPage
S J Wakefield (appointed 9 March 2023. resigned 2 November 2023)
Objectives and activities
The mission of the Trust is engaging and inspiring communities in Dacorum and beyond using heritage
collections.
The Trust's objectives as set out in the Articles of Association are the advancement of education in the Borough
of Dacorum by
acquiring, housing, exhibiting, conserving restoring and repairing objects and collections of an
historical and or educational nature
establishing, acquiring, managing, and maintsining museums, galleries, libraries, and other places
where these activities are achieved
research and enquiry and the exchange and dissemination of views and information may occur.
The Trustees have paid due regard to guidance on public benefit issued by the Charity Commission in
deciding what activities the Trust should undertake.
The Trust works with community partners and other voluntary organisations to deliver an engaging programme
of events for a local audience through a variety of media. We also engage audiences through social media
posts, via our website and our newsletter. We maintain high standards of collections care and conservation
presetving the heritage of Dacorum for the benefit of our communities and futu￿ generations.
The Trustees recognise that there is a signtficant input to the Trust's achievements from the contributs'on by
the many volunteers. To quantify this, the Trustees have used, as a basis for its calculation of the accepted
valuation of personal commitment of their labour contribution, the formulas adopted by the Heritage Lottery

The Dacorum Heritage Trust Ltd
Trustees, Annual Report
Year Ended 31 March 2024
Fund. Based on these formulas a minimum valuation for the year would be circa £27,757 {2023 - £33,800).
Furthermore, these accounts do not recognise the value of expenses not claimed by Trustees and volunteers,
nor of honoraria waived.
Achievements and perfomiance
During the period under review the Trust continued to work in partnership with Dacorum Borough Council and
numerous local organisations to support access to heritage across the borough.
During the year, the Trust was successful with an application to the National Lottery Heritage Fund for a grant
of £81,900 for inrtial consultancy work in relation to a potential new heritage centre. The work involved
engaging with stakeholders, reviewing the stste of the collection, developing a statement of requirements,
determining the volunteer development needs and assessing the feasibility of obtaining capital funding for
such a centre.
The Trust were also SUC￿ssful with an application to Arts Council England for a grant of £25,965 under its
"Unlocking Collections" campaign, funded by National Lottery Project Grants, to digitalise some long-playing
records which had previously been held in remote storage, as well carrying out some associated oral history
and memory gathering activities.
The Trust has maintained its status as an accredited museum in Dacorum. Throughout the period under
view, we continued to care for the collections through effective collections management and organisational
strategy. We continually work towards improving our collections care, reviewing our strategies to fulfil the
current guidelines in collections care.
During the year, Hemel School took part in the borough-wide Dragon's Apprentice competition raising
significant funds for the Trust.
Throughout the period under review, we were able to liaise with rep￿sentativeS from local societies to discuss
their needs and present our own plans. We have also continued to work with our key stakeholders including
Dacorum Borough Council.
Flnanclal revlew
Income and endowments for the yearto 31 March 2024 was £159,331 (2023-£67,262). After total expenditure
of £160.351 {2023- £76,029) there was net deficit of £1,020 (2023- £8,767). This is split be￿een unrestricted
and restricted funds as follows..
Unrestricted Funds
The Trust had a deficit in the year of £1,020 (2023 - £8,767) on unrestricted funds. The balance at the end of
the year was £87,089 (2023 - £88,109).
The Trust remains reliant on funding from Dacorum Borough Council, although limited funds are raised from
other sources.
Restricted Funds
The Trust had a surplus in the year of £nil (2023- £nil) on restricted funds. The balance at the end of the year
was £46.202 (2023 - £46,202).

The Dacorum Heritage Trust Ltd
Trustees, Annual Report
Year Ended 31 March 2024
Reserves Polic
The Trust holds reserves ft)r the following situations:
Contingency - unexpected expenditure in the event of an emergency
Cashflow- situations where an Invol￿ has to be paid before the money to cover it has been received
Commitment- a commitment to expenditure which cannot be covered by the annual income
Closure- the charity becomes financially unsustainable and must be wound up.
The current reserves policy is to hold as reserves a sum equivalent to 12 months of running costs for the
Museum Store which is estimated as £70.000. The amount of unrestricted reserves 31 March 2024 was
£87,089 (2023 - £88,109}
Structurn, governance and management
The Trust is a company limited by guarantee, incorporated in September 1993 and registered as a charity in
September 1993. It is governed by its articles of association.
The Trustees are recruited from volunteers prepared to offer their ts'me to the development of the Trust's
objeckn'ves.
None of the Trustees has any beneficial interest in the company. Members of the company guarantee to
contribute £10 in the event of a winding up. Directors are required to be members of the company.
The Trust is managed on a day-to-day basis by a Collections Manager, Public Engagement Manager and
Finance Manager who are employed to work under the auidance and direction of the Board of Directors of the
Trust. Employee salaries are determined the Board of Directors in accordance with the Trust Pay Policy.
Regular management meetings are held be￿een the Trustees and staff to ensure the progress of charitable
activities and the effective day to day running of the Trust.
There were no transactions with related parties during the year that required reporting in these accounts.
The Trustees have assessed the major risks to which the Trust is exposed through its risk management
statement and are satisfied those systems are in place to mitigate exposure to the major risks.
Strategic report and forward-looking plans
A strategic plan has been developed by the Trustees to deliver on their vision to engage and inspire
communities in Dacorum and beyond using herrtage collections.
Strategic aims are to
Maximise the potential of the collections
Realise the potential of our communrties
Secure the future of Dacorum's heritage
Objectives have been set against these aims and the Trustees are working on detailed plans to deliver against
the objects'ves.
Trustees, responsibilities
The Trustees {who are also directors of the Trust for the purposes of company law) are responsible for
preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi￿).

The Dacorum Heritage Trust Ltd
Trustees, Annual Report
Year Ended 31 March 2024
Company law requires the Trustees to prepare financial statements for each financial year, which give a true
and fair view of the state of affairs of the charltable company and of the incoming resources and application
of resources, including the income and expenditure, of the charitable company for that period. In preparing
these financial statements. the twstees are required to-
select suitable accounting policies and then apply them consistently"
observe the methods and principles in the Charities SORP 2019 (FRS 102)",
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any
material departures disclosed and explained in the financial statements",
prepare the financial statements on the going concem basis unless it is inappropriate to
presume that the charrtable company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy
at any time the financial position of the charitable company and enable them to ensure that the financial
statements comply wilh the Companies Act 2006. They are also responsible for safeguarding the assets of
the charitable company and hence for taking reasonable steps for the prevention and deteclion of fraud and
other irregularities.
In so far as the Trustees are aware:
there is no ￿leVant information of which the charitable company's Independent Examiner is
unaware; and
the trustees have taken all steps that they ought to have taken to make themselves aware of any
relevant information and to establish that the Independent Examiner is awaie of that information.
On behalf of the board
Fiona Page
Trustee
Dated: &4 N10￿e*￿l* 2024

The Dacorum Heritsge Trust Ltd
Independent Examiner's Report
Year Ended 31 March 2024
Independent Examinerfs Report to the Trustees of Dacorum Heritage Trust Ltd
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March
2024 which are set out on pages 9 to 20. 1 report that the Trustees, Annual Report set out on page 4 to 7 is
consistent with the financial data presented in the accounts.
Responsibilities and basis of report
As the charity's trustees of the company (and also its directors for the purposes of company law) you are
responsible for the preparats'on of the accounts in accordance with the requirements of the Companies Act
2006 {'the 2006 Act,).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's
accounts as carried out under section 145 of the Charities Act 2011 (the '2011 Act,). In carrying out my
examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the
2011 Act.
Independent examinerfs statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe..
accounting records were not kept in respect of the company as required by section 386 of the 2006 Act,.
or
2. the accounts do not accord with those accounting records", or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of
an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended practice for accounting and reporting by charities applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102)].
I have no concems and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understandinq of the accounts to be
reached.
Date..
5 November2024

The Dacorum Heritage Trust Ltd
Statement of Financial Activities (incorporating Income and Expenditure Account)
Year Ended 31 March 2024
2024
Restricted
funds
2023
Unrestricted
funds
Total
Total
Note
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
199
63,908
662
1,135
199
157,335
662
1,135
1,265
64,617
884
496
93,427
Total Income and endowments
65,904
93,427
159,331
67,262
Expenditure on:
Raising funds
Charitable activities
Other
(66,924)
(93,427} (160,351)
(76,029)
Total expenditure
66,924
93,427
(160,351)
76,029
Net (expenditure)lincome
(1,020)
(1,020)
(8,767)
Transfers between funds
Net movement in funds
16
(1,020)
(1,020)
(8,767)
Reconcillatlon of funds:
Total funds brought forward
16
88,109
46,202
134,311
143,078
Total funds camed forward
16
87,089
46.202
133,291
134,311
All income and expenditure derive from continuing activities.
The statement of financial activities includes all gains and losses recognised during the year.

The Dacorum Heritage Trust Ltd
Balance Sheet
Year Ended 31 March 2024
2024
2023
Fixed assets
Tangible assets
12
357
476
357
476
Current assets
Debtors
Cash at bank and in hand
13
176
208,578
2,936
160,393
208,754
163,329
Creditors: amounts falling due wlthln one year
14
(75,820}
(29,494)
Not current assets
132,934
133,835
Net assets
133,291
134,311
Charity Funds
Unrestricted funds
Restricted funds
16
16
87,089
46,202
88,109
46,202
Total charity funds
133,291
134,311
10

The Dacorum Heritage Trust Ltd
Balance Sheet
Year Ended 31 March 2024
The charttable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for
the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financia statements for the year ended
31 March 2024 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 wtth 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 accordan￿ with the special provisions of Part 1 S of the
Companies Act 2006 relating to charitable small companies.
The financial statements were approved and authorised for issue by the Board on (3 . W. 2024.
Signed on behalf of the Board of Trustees
Fiona Page
TNstee
Robin Her£berg
Trustee
Date:
3id 2024
The notes on pages 12 to 20 form part of these financial statements.
Company registration number: 2851313
11

The Dacorum Heritage Trust Ltd
Notes to the Financial Statements
Year Ended 31 March 2024
Summary of signlflcant accounting pollcios
(a) General infomiation and basis of preparation
The Dacorum Heritage Trust Limited is a company limited by guarantee in England and Wales. In the
event of the charity being wound up, the liability in ￿spect of the guarantee is limited to £10 per member
of the charity. The address of the registered office is given in the charity information on page 3 of these
financial statements. The nature of the charity's operations and principal activities are to collect and
record the history of the Borough of Dacorum and to interpret and display the collection in order to
encourage interest and appreciabon of the heritage of Dacorum.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have
been prepared in accordan￿ with Accounting and Reporting by Charities: Statement of Recommended
Practi￿ applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2020, the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities
Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January
2015.
The charity does not include a cash fiow statement on the grounds that it is applying FRS 102 Section
1A.
The financial statements are prepared on a going concem basis under the historical cost convention,
modified to include certain items at fair value. The financial statements are presented in sterling which
is the fvnctional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all years presented unless otherwise stated.
(b) Funds
Unrestricted fvnds are available for use at the discretion of the Trustees in furtherance of the general
objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the charity for specific purposes. The cost of raisinq and
administering such funds are charged against the SDecific fund. The aim and use of each restricted fund
is set out in the notes to the financial statements.
(c) Income recognitlon
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is
legally entitled to the income after any performance conditions have been met, the amount can be
measured reliably, and it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement
date in writing. If there are conditions attached to the donation and this requires a level of performance
before entitlement can be obtained, then income is deferred until those conditions are fully met or the
fulfilment of those conditions is within the control of the charity, and it is probable that they will be fulfilled.
No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).
Further detail is given in the Trustees, Annual Report.
12

The Dacorum Heritsge Trust Ltd
Notes to the Financial Statements
Year Ended 31 March 2024
Income from trading activities includes income earned from fundraising events and trading activities to
raise funds for the charity. Income is received in exchange for supplying goods and services in order to
raise funds and is recognised when entitlement has occurred.
Income from local government and other grants are recognised at fair value when the charity has
entitlement after any performance conditions have been met, it is probable that the income will be
received, and the amount can be measured reliably. If entitlement is not met, then these amounts are
deferred.
Other income includes the conversion of endowment funds into income which arises when capital funds
are released to an income fund from expendable endowments or when a charity has authority to adopt
a total return approach to its permanent endowment fund. It also includes other income such as gains
on disposals of tangible fixed assets.
(d) Expenditure recognition
All expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all costs related to the category. Expenditure is recognised where there is a legal or
constructive obligation to make payments to third parties, it is probable that the settlement will be
required, and the amount of the obligation can be measured reliably. It is categorised underthe following
headings..
Costs of raising funds
Expenditure on charitable activities includes the costs of caring for the collections and
other expenditure represents those items not falling into the categories above.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
{e) Support Costs allocation
Support costs are those that assist the work of the charity but do not directly rep￿sent charitable
activities and include office costs, governance costs, administrative payroll costs. They are incurred
directly in support of expenditure on the objects of the chanty.
Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of
disseminating informats-on in support of the charitable activities.
The analysis of these costs is included in note 7.
{f) Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation
and accumulated impairment losses. Cost includes costs directly attributable to making the asset
capable of operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less
estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Plant and machinery
Fixtures and fittings
33.3 % straight line depreciation
10 % straight line depreciation
(g) Heritage assets
Vvhilst regarding its Heritage Assets (in other words, its accessioned collection of over 130,000 items)
as inalienable, held in perpetuity and mostly irreplaceable the Trust, in the light of The Charities SORP
{FRS 102), Valuation of Heritage Assets section 18.14, the Trust currently considers establishing
valuations for the entirety of the collections to be unrealistic and prohibitively expensive and not
13

The Dacorum Heritsge Trust Ltd
Notes to the Financial Statements
Year Ended 31 March 2024
required by the Trust in its duty of care to the public for the long-tenn stewardship of culturally significant
material.
The Board of Trust*s will keep its policy on the financial treatment of Heritage Assets under review.
Acquisitions only arise when donated to the charity or if it is believed that they will further the charity's
objectives. Once acquired they will be preserved by the charity to keep their historical, artistj'c, scientific,
technological, geophysical or environmental qualities to such a high level as to contribute to knowledge
and culture. A register of all assets held by the charity is available and the assets themselves are
accessible to the public with prior agreement. Heritage assets are to be held for the foreseeable future.
(h) Debtors and creditors receivable I payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded
at transaction price. Any losses arising from impairment are recognised in expenditure.
(i) Provisions
Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a
past event, it is probable that an outflow of economic benefits will be required in settlement and the
amount can be reliably estimated.
ti) Employee benefits
V*lhen employees have rendered service to the charity, short-term employee benefits to which the
employees are entitled a￿ recognised at the undiscounted amount expected to be paid in exchange for
thatservice. The charity operates a defined contribution plan for the benefi't of its employees.
Contributions are expensed as they become payable.
(k) Tax
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is
considered to pass the tests set out in Paragraphs 1 and 2 Schedule 6 Finance Act 2010 and therefore
it meets the definition of a charitable company for UK corporation tax purposes.
11) Going concern
The financial statements have been prepared on a going concern basis as the Trustees believe that no
material uncertainties exist. The Trustees have considered the level of funds held and the expected
level of income and expenditure for 12 months from authorising these financial statements. The
budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to
continue as a going COn￿rn.
14

The Dacorum Heritage Trust Ltd
Notes to the Financial Statements
Year Ended 31 March 2024
Income from donations
2024
2023
Donations
199
1,265
199
1,265
Income from donations was £199 (2023- £1,265) ofwhich £nil {2023- £nil) was attributable to restricted
and £199 (2023 - £1,265) was attributable to unrestricted funds.
Income from charitable activities
2024
2023
Sale of goods and services
Perfomiance related grants
1,788
155,547
1,281
63,336
157,335
64,617
Income from charitable activities was £157,335 (2023 - £64,617) of which £93,427 (2023 - £6,617) was
attributable to ￿strICted and £63,908 (2023 - £58,000) was attributable to unrestricted funds.
£59,160 (2023 - £58,000) of government grants were received as part of a SeNice Level Agr￿ment
with Dacorum Borough Council.
Income from other trading activities
2024
2023
Other trading activities
662
662
Income from other trading activities was £662 {2023 - £884) of which £nil {2023 - £nil} was attributable
to ￿$trIcted and £662 (2023 - £884) was attributable to unrestricted funds.
15

The Dacorum Heritage Trust Ltd
Notes to the Financial Statements
Year Ended 31 March 2024
Income from investments
2024
2023
Interest- deposits
1,135
496
1,135
496
Income from investments was £1,135 (2023 - £496) of which £nil (2023 £nil) was attributable to
restricted and £1,135 (2023 - £496} was attributable to unrestricted funds.
Analysis of expenditure on charitable activi￿eS
ActivitEs undertakèA
Support ¢osts
Fundr8lsln9
Totsl
dlr8¢Uy
General Activity
130,298
30,053
160,351
130,298
30,053
160,351
£93,427 (2023 - £6,617} of the above costs were attributable to restricted funds and £66,924 (2023
£69,592) of the above costs were attributable to unrestricted funds.
Allocation of support costs
2024
2023
Finance and administration
Utilities
Depreciation
Insurance
Office costs
Pension contributions
Other
15,184
2,716
119
2,703
3,848
2,019
3,464
16,074
2,690
119
2,729
3,518
2,007
378
30,053
27,515
Net income l (expenditure) for the year
Net income l (expenditure) is ststed after charging l (crediting):
2024
2023
Depreciation of tangible fixed assets
119
119
16

The Dacorum Heritage Trust Ltd
Notes to the Financial Ststements
Year Ended 31 March 2024
Independent examiners remuneration
The independent examiners remuneration for an independent examination was £nil (2023 - £nil).
10 Trustees. and key management personnel remuneration and expenses
The Trustees neither received nor waived any remuneration or expenses during the year {2023 - £nil).
The total amount of employee benefits received by key management personnel is £50,386 (2023
£50,018). The Trust considers its key management personnel compromise the Collections Manager,
the Public Engagement Manager and the Finance Manager.
11 staff costs and employee benefrts
The average monthly number of employees and full time equivalent (FTE) during the year was as
follows:
2024
Number
2024
FTE
2023
Number
2023
FTE
Charitsble activities
The total staff costs and employees, benefits were as follows..
2024
2023
Wages and salaries
Defined contribution pension costs
Less" costs supported by grants
52,362
2,019
(1,976)
57,803
2,007
52,405
59,810
Of the total staff costs and employees, benefits, £37,221 (2023 - £43,811) was attributable to charitable
activities, and £15,184 (2023 - £15,999) was attributable to finance and administration. No employees
received total employee benefits (excluding employer pension costs) of more than £60,000.
17

The Dacorum Heritage Trust Ltd
Notes to the Financial Statements
Year Ended 31 March 2024
12 Tanglble fixed assets
Plant and Fixtures and
machinery
fittings
Total
Cost or valuation..
At 1 April 2023
Additions
Disposals
At 31 March 2024
5,105
41,997
47,102
5,105
41,997
47,102
Depreciation..
At 1 April 2023
Charge for the year
Eliminated on disposals
At 31 March 2024
5,105
41,521
119
46,626
119
5,105
41,640
46,745
Net book value..
At 31 March 2024
357
357
At 31 March 2023
476
476
13 Debtors
2024
2023
Trade debtors
Other debtors
Prepayments and accrued income
120
243
297
2,396
176
2,936
Debtors includes £nil (2023 - £nil) falling due after one year.
14 Creditors: amounts falling due within one year
2024
2023
Trade creditors
Other tax and social security
Accruals
Deferred income
9,474
1,372
72
64,902
391
1,144
27,959
75,820
29,494
18

The Dacorum Heritage Trust Ltd
Notes to the Financial Statements
Year Ended 31 March 2024
15 Deferred income
Under 1
year
Total
At 1 April 2023
Additions during the year
Amounts released to income
27,959
27,959
130,736
130,736
(93,793) (93,793)
At 31 March 2024
64,902
64,902
Income has been deferred from the Super 100 Heritage Club lottery for which members buy a yearly
ticket for entry into the monthly draw. Income was also part deferred for a grant of £25,000 received
from the Garfield Weston Foundation, a grant of £81,900 received from the National Lottery Heritage
Fund and a grant of £25,965 received from Arts Council England.
16 Fund reconcillation
Unrestrictsd funds
Balance at 31
March 2023 Income
Balance at 31
March 2024
Expenditure
General Fund
Super 100 Heritage Club
78,996
9,113
65,036
868
(66,200)
(724)
77,832
9,257
88,109
65,904
(66,924)
87,089
Restricted funds
Balance at 31
March 2023 Income
Balance at 31
March 2024
Expenditure
Museum Fund
Development Fund
Picotts End Fund
Grouped fvnds
18,374
10,080
17,482
266
18,374
10,080
17,482
266
93,427
(93,427)
46,202
93,427
(93,427)
46,202
134,311 159,331
(160,351)
133,291
Fund descriptions
Museum Fund - These are funds raised towards a museum for Dacorum.
Development Fund- These are funds for the future development of the Museum Store.
Piccotts End Fund - These are fijnds raised towards the purchase of cottages at Piccotts End.
Grouped Funds- These are funds raised for a variety of smaller projects.
19

The Dacorum Heritage Trust Ltd
Notes to the Financial Statements
Year Ended 31 March 2024
17 Analysis of net assets between funds
Unrestrictgd
R8Strithd
funds
funds
Total
Fixed assets
Cash and current investments
Other current assets
Other current liabilities
357
162,376
176
(75,820)
357
46,202 208,578
176
(75,820)
Totsl
87,089 46,202 133,291
18 Pensions and other postwretirement benef
The charity operates a defined contribution pension plan for its employees. The amount recognised as
an expense in the period was £2,019 (2023 - £2,007).
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