The Dacorum Heritage Trust Ltd
Trustees, Annual Report and Financial Statements
Year Ended 31 March 2025
Charity registration number: 1026161
Company registration number: 2851313

The Dacorum Heritsge Trust Ltd
Financial Statements
Year Ended 31 March 2025
Contents
Page
Charity Reference and Administrative Details
Trustees, Annual Report
Independent Examiner's 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 2025
Charity registration number
1026161
Company registration number
2851313
Accredited Museum Number
1594
Trustees
J W Allen
A A Barham
R H F Benvie
K E Cassels
K S Galal
F R Herzberg
FJPage
S Ratcliffe
L Warden
Registered Office
The Museum Store
Clarence Road
Berkhamsted
Hertfordshire
HP4 3YL
Solicitor
Machins Solicitors LLP
295-299 High Street
Berkhamsted
HP4 1AJ
Bankers
The Co-operative Bank plc
PO Box 101
1 Balloon Street
Manchester
M60 4EP

The Dacorum Heritage Trust Ltd
Trustees, Annual Report
Year Ended 31 March 2025
The Trustees present their annual report and the independently examined accounts of the charity for the year
ended 31 March 2025.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 charity
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
A A Barham
R H F Benvie (appointed 9 May 2024)
K E Cassels
K S Ga121
S W Gill (resigned 31 May 2024)
A L Haynes (resigned 26 May 2025>
F R Herzberg
FJPage
S Ratcliffe (appointed 10 July 2025)
L Warden {appointed 10 July 2025)
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 ofAssociation are the advancement ofeducation 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 maintaining 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 Trustworkswith 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
preserving the heritage of Dacorum for the benefit of our communities and future generations.
The Trustees recognise that there is a significant input to the Trust's achievements from the contribution 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 2025
Fund. Based on these formulas a minimum valuation for the year would be circa £19,911 {2024 - £27,757).
Furthermore, these accounts do not recognise the value of expenses not claimed by Trustees and volunteers,
nor of honoraria waived.
Achievements and performance
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 carried out extensive public engagement activities including the provision of loan
boxes for schools, live events, virtual talks and digital exhibitions.
The Trust also undertook a wide range of activities, fijnded by the Garfield Weston Foundation and Arts
Council England, to promote its collection of items connected with the former Ovaltine factory at Kings Langley.
These activities included the production of a film, involving students from Ashlyns School, an appearance on
the television show "The Footage Detectives" and digitising a series of long-playing records featuring
Ovaltineys radio programmes recorded in the 1930s. The Trust also published a book entitled "A Wander
through Ovaltine
A new collection studio and a new storeroom were created within parts of the existing premises which had
become dilapidaled.. the work was carried out and paid for by Dacorum Borough Council with funds from the
UK Shared Prosperity Fund.
During the year, the Trust accessioned a small group of items collected by the local artist, historian and author,
Eve Davis.
The Trust's consultants completed their initial review, funded by the National Lottery Heritage Fund, in relation
to a potential new heritage centre. The work involved engaging with stakeholders, reviewing the state 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 work generated several options
which merit more detailed examination by the Trust's stakeholders.
The Trust has maintained its status as an accredited museum in Dacorum. Throughout the period under
review, 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, the John F. Kennedy Catholic 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 representatives 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.
Financial review
Income and endowments for the year to 31 March 2025 was £141,133 {2024 - £159,331). After total
expenditure of £121,568 (2024 - £160,351 } there was net surplus of £19,565 (2024 - deficit of £1,020)- This is
split between unrestricted and restricted funds as follows..

The Dacorum Heritage Trust Ltd
Trustees, Annual Report
Year Ended 31 March 2025
Unrestricted Funds
The Trust had a surplus in the year of £19,565 (2024 - deficit of £1,020} on unrestricted funds. The balance at
the end of the year was £106,654 (2024 - £87,089}
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 {2024- £nill on restricted funds. The balance at the end of the year
was £46,202 (2024 - £46,202}
ReseNes Polic
The Trust holds reserves for the following situations..
Contingency - unexpected expenditure in the event of an emergency
Cashflow- situations where an invoice 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 estiinated as £70,000. The amount of unrestricted reserves 31 March 2025 was
£106,65412024 - £87,089)
Structure, 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 time to the development of the Trust's
objectives.
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 Museum Manager and Finance Manager who are employed
to work under the guidance 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 heritage collections.
Strategic aims are to
Maximise the potential of the collections
Realise the potential of our communities

The Dacorum Herftage Trust Ltd
Trustees, Annual Report
Year Ended 31 March 2025
Secure the future of Dacorum's heritage
Objectives have been set agairtst these aims and the Trustees are Wofking on detailed pkarys to deliver against
the objectives.
Trust￿. responslbllitles
The Trustees {￿0 are also directors of the Trust for the purposes of company law) are responsib￿ for
preparing the Trustees, Annual Report and the financial statements in accordance wrth applicable law and
United Kingdom Accounting Standardg (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each finanThal year, which gNe a true
and fair view of the state of affairs of the charitable company and of the incoming resources and application
of resources, including the Income and expenditure, of the tharitable company for that peric¥J. In pre￿rIng
these financial statements, the trustees are required to..
select suitable accountiro policies and then apply them consistently.,
observe the methods and principles in the Charities SORP 2019 (FRS 1021.,
make Judgements and estimates that are reasonable and prudent,
state whether appliCa￿e UK Accounting Standards have been followed, subj'ect to any
material departures dtsclosed and explained irTr the financial statements..
prepare the financial statements on the going COn￿M basis unless rt is inappropriate to
presumè that the charitable company wll continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose wrth reasonable accuracy
at any time the financial posltion of the charitable company and enable them to ensure that the financial
statements comply with the Companies Act 201K. They are also responsible for safeguarding the assets of
the chantable company and hence for taknng reast)nable steps for the prevention and detection of fraud and
other irregularities.
In so far as the Trustees are aware..
there is no relevant information of which the charitable companws Independent Examiner is
unaware., and
the trtBtees have taken all steps that they ought to have taken to make themselves Wdre of any
relevant infomiation and to establish that the IndeFendent Examiner ks aware of that information.
On behalf ofthe ￿ard
Fiona Page
Trustee

The Dacorum Heritage Trust Ltd
Independent Examiner's Report
Year Ended 31 March 2025
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
2025 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 preparation of the accounts in accordan￿ 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(51(b) of the
2011 Act.
Independent examiner's 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 1021.
I have no concerns 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 understanding of the accounts to be
reached.
Date.30 2025

The Dacorum Heritage Trust Ltd
Statement of Financial Activities (incorporating Income and Expenditure Account)
Year Ended 31 March 2025
2025
Restricted
funds
2024
Unrestricted
funds
Total
Total
Note
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
3,709
65,649
557
5,111
3,709
131,756
557
5,111
199
157,335
662
1,135
66,107
Total income and endowments
75,026
66,107
141,133
159,331
Expenditure on:
Raising funds
Charitable activities
Other
(55,461)
{66,107) 1121,568)
(160,351)
Total expenditure
55,461
66,107
121,568
160,351
Net income l (oxpendlture)
19,565
19,565
(1,0201
Transfers between funds
Net movement in funds
16
19,565
19,565
(1,020)
Reconciliation of fund8".
Total funds brought fO￿ard
16
87,089
46,202
133,291
134,311
Total funds carried forward
16
106.654
46,202
152,856
133,291
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 2025
2025
2024
Note
Fixed assets
Tangible assets
12
238
357
238
357
Current assets
Debtors
Cash at bank and in hand
13
84
214,508
176
208,578
214,592
208,754
Creditors: amounts falling due within one year
14
(61,974)
{75,820)
Net current assets
152,618
132,934
Net assets
152,856
133,291
Charity Funds
Unrestricted funds
Restricted funds
16
16
106,654
46,202
87,089
46,202
Total charity funds
152,856
133,291
10

The Dacorum Heritage Trust Ltd
Balance Sheet
Year Ended 31 March 2025
The charitatrAe company is entiued to exemtAion from audit under Section 477 of the Companies Act 2006 for
the year ended 31 March 2025.
The memtrErs have not required the cornp3ny to obtain an audit of its financial statements for the year ended
31 March 2025 in acwrdance with Section 476 of the Companies Act 2006.
The tr￿eeS ackn￿edge their responsibj'lities for
(al ensuring that the charitable company keeps atxounting records that comply with Sections 386 and 387
ofthe Companies Act 20(b and
(b) preparing financial statements ￿1¢h grve a true and falr view of the state of affairs of the charf(able
company as at the end of each financial year and of its surplus or deficit for each financial year in
accordance wth the requirements of Sections 394 and 395 and which otherwise comply with the
requirements of the Companies Act 2006 rdating to financ￿1 ststements, so far as app4icable to the
charIta￿e company.
These financial statements have been prepared in accordance wth the special provisior6 of Part 15 of the
Companies Act 20(E relats'ro to charitable small compnies.
The financial statements were approved and authorised for tSBue ty the Board on Its L)¢p&w2025.
Signed on behalf of the Board of Trustees
Fiona Page
Trustee
Robin He￿berg
Trustee
Date: 30 2025
The notes on ￿geS 12 to 20 form part ofthese financial statements.
Company registration numtEr. 2851313

The Dacorum Heritage Trust Ltd
Notes to the Financial Ststements
Year Ended 31 March 2025
Summary of significant accounting policies
la) General information 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 respect 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 appreciation of the heritage of Dacorum.
The charity constitutes a public benefit entity as defined by FRS 102. The fi'nancial statements have
been prepared in accordance with 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 1021 issued in October 2020, the Financia
Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities
Act 2011, the Companies Act 20C6 and UK Generally Accepted Practice as it applies from 1 January
2015.
The charity does not include a cash flow statement on the grounds that it is applying FRS 102 Section
1A.
The financial statements are prepared on a going concern basis under the historical cost convention,
modified to include certain items at fair value. The financial statements are presented in sterling which
is the functional 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 othemise stated.
(b) Funds
Unrestricted funds 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 raising and
administering such funds are charged against the specific fund. The aim and use of each restricted fund
is set out in the notes to the financial statements,
(c) Income recognition
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 Heritage Trust Ltd
Notes to the Financial Statements
Year Ended 31 March 2025
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.
Id) Expenditure recognltion
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 under the 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.
le) Support costs allocation
Support costs are those that assist the work of the charity but do not directly represent charitable
activities and include office costs, governance costs, administrative payroll costs. They are incurred
directly in support of expenditure on the objects of the charity.
Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of
disseminating information in support of the charitable activities.
The analysis of these costs is included in note 7.
(fj 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
{9) Heritage assets
Whilst 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 Heritage Trust Ltd
Notes to the Financial Statements
Year Ended 31 March 2025
required by the Trust in its duty ofcare to the public for the long-term stewardship of culturally significant
material.
The Board of Trustees 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, artistic, 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.
Ihl 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.
{1) 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
When employees have rendered service to the charity, short-term employee benefits to which the
employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for
thatservice. The charity operates a defined contribution plan for the benefit 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.
{[) 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 concern.
14

The Dacorum Heritage Trust Ltd
Notes to the Financial Ststements
Year Ended 31 March 2025
Income from donations
2025
2024
Donations
3,709
199
3,709
199
Income from donations was £3,709 {2024- £199} ofwhich £nil12024- £nil) was attributable to restricted
and £3,709 (2024 - £199) was attributable to unrestricted funds.
Income from charitable activities
2025
2024
Sale of goods and services
Performance related grants
419
131,337
1,788
155,547
131,756
157,335
Income from charitable activities was £131,75612024 £157,335) of which £66,107 {2024 £93,427)
was attributable to restricted and £65,649 (2024 - £63,908} was attributable to unrestricted funds.
£65,230 {2024 - £59,160) of government grants were received as part of a SeNice Level Agreement
with Dacorum Borough Council.
Income from other trading activities
2025
2024
Other trading activities
557
662
557
662
Income from other trading activities was £55712024 £662) of which £nil (2024 £nill was attributable
to restricted and £557 (2024 - £662) was attributable to unrestricted funds.
15

The Dacorum Heritage Trust Ltd
Notes to the Financial Ststements
Year Ended 31 March 2025
Income from investments
2025
2024
Interest - deposits
5,111
1,135
5,111
1,135
Income from investments was £5,111 (2024 £1,135) of which £nil {2024 - £nil) was attributable to
restricted and £5,111 (2024 £1,135) was attributable to unrestricted funds.
Analysis of expenditure on charltable activities
Activities undertoken
Support costs
Fundraislng
Total
General Activity
90,054
31,514
121.568
90,054
31,514
121,568
£66,107 (2024 - £93,427) of the above costs were attributable to restricted funds and £55,461 {2024 -
£66,924} of the above costs were attributable to unrestricted funds.
Allocation of support costs
2025
2024
Finance and administration
Utilities
Depreciation
Insurance
Office costs
Pension contributions
Other
15,988
2,466
119
1,560
7,625
1,082
2,674
15,184
2,716
119
2,703
3,848
2,019
3,464
31,514
30,053
Net incoffle l (expenditure) for the year
Net income I (expenditure) is stated after charging l (crediting)..
2025
2024
Depreciation of tangible fixed assets
119
119
16

The Dacorum Heritage Trust Ltd
Notes to the Financial Statements
Year Ended 31 March 2025
Independent examiners remuneration
The independent examiners remuneration for an independent examination was £nil {2024 - £nill.
10 Trustees, and key management personnel remuneration and expenses
The Trustees neither received nor waived any remuneration or expenses during the year12024 - £nill.
The total amount of employee benefits received by key management personnel is £29,813 (2024
£52,362}. The Trust considers its key management personnel compromise the Museum Manager and
the Finance Manager.
11 Stsff costs and employee benefits
The average monthly number of employees and full time equivalent (FTE) during the year was as
follows..
2025
Number
2025
FTE
2024
Number
2024
FTE
Charitable activities
The total staff costs and employees, benefits were as follows..
2025
2024
Wages and salaries
Defined contribution pension costs
Less.. costs supported by grants
38,872
1,082
(9,059}
52,362
2,019
(1,976)
30,895
52,405
Of the total staff costs and employees, benefits, £14,907 (2024 - £37,221 } was attributable to charitable
activities, and £15,988 {2024 £15,184) 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 2025
12 Tangible fixed assets
Plant and
machinery
Fixtures and
fittings
Total
Cost or valuation..
At 1 April 2024
Additions
Disposals
At 31 March 2025
5,105
41,997
47,102
5,105
41,997
47,102
Depreciation..
At 1 April 2024
Charge for the year
Eliminated on disposals
At 31 March 2025
5,105
41,640
119
46,745
119
5,105
41,759
46,864
Net book value..
At 31 March 2025
238
238
At 31 March 2024
357
357
13 Debtors
2025
2024
Trade debtors
other debtors
Prepayments and accrued income
120
56
84
176
Debtors include £nil (2024 - £nil) falling due after one year.
14 Creditors: amounts falling due within one year
2025
2024
Trade creditors
Other tax and social security
Accruals
Deferred income
2,475
1,923
9,474
1,372
72
64,902
57,576
61,974
75,820
18

The Dacorum Heritage Trust Ltd
Notes to the Financial Statements
Year Ended 31 March 2025
15 Deferred income
Under 1
year
Total
At 1 April 2024
Additions during the year
Amounts released to income
64,902
64,902
59,255
59,255
{66,581) (66,581)
At 31 March 2025
57,576
57,576
As at 31 March 2025, income was part deferred for grants which included £45,000 received from the
Garfield Weston Foundation, a grant of £25,965 from Arts Council England and a grant of £9,993 from
the UK Shared Prosperity Fund.
16 Fund reconciliation
Unrestricted funds
Balance at 31
March 2024
Balance at
31 March 2025
Income
Expenditure
Transfers
General Fund
Super 100 Heritage
Club
77,832
9,257
74,553
473
{55,393)
(68)
9,662
{9,662}
106,654
87,089
75,026
(55,461)
The Super 100 Heritage Club lottery, for which members bought a yearly ticket for entry into the
monthly draw, was closed in December 2024 and the balan￿ on the Super 100 Heritage Club
account has been transferred to general reserve
Restricted funds
Balance at 31
March 2024
Balance at 31
March 2025
Income
Expenditure
Transfers
Museum Fund
Development Fund
Piccotts End Fund
Grouped funds
18,374
10,080
17,482
266
46,202
18,374
10,080
17,482
266
46,202
66,107
66,107
66,107
(66,107)
133,291 141,133
(121,568j
152,856
19

The Dacorum Heritage Trust Ltd
Notes to the Financial Statements
Year Ended 31 March 2025
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 funds raised towards the purchase of cottages at Piccotts End.
Grouped Funds - These are funds raised for a variety of smaller projects.
17 Analysis of net assets between funds
Unrestricted
Rastrictod
funds
funds
Total
Fixed assets
Cash and current investments
Other current assets
Other current liabilities
238
238
168,390 46,202 214,592
(61,974)
(61,974)
Total
106,654 46,202 152,856
18 Pensions and other post-retirement benefits
The charity operates a defined contribution pension plan for its employees. The amount recognised as
an expense in the period was £1,082 (2024 - £2,019)
20