The Dacorum Heritage Trust Ltd Trustees, Annual Report and Financial Statements Year Ended 31 March 2026 Charity registration number: 1026161 Company registration number. 2851313
Thè Dacorum Herltage Trust Ltd Financlal Ststements Year Ended 31 March 2026 Contents Page Charity Reference and AdminthtNe Details Trustees, Annual Report Independent Examinerfs Report Statement of Financial Activibes Balan Sheet 10 11-12 Notes to the Financial Statements 1&21
The Dacorum Heritage Trust Ltd Charity Rof8rence and Administrative Details Year Ended 31 March 2026 Charfty r•gi8tratlon number 1026161 Company reglstratlon numbèr 2851313 Aecredlted Mu8oum Number 1594 Trustees A A Barham R H F Benvie K E Cassels K S Galal F R Herzbgrg FJPage S Ratcirffe L INarden Ro916t•rod Office The Museum Store Clarence Road Berkhamsted Hertfordshire HP4 3YL Sollcltor Machins Solicitors LLP 295-299 High Street Berkharnsled HP4 1AJ 8•nk•r* Th8 C(Fop8rative Bank plc PO Box 101 1 Balloon Street Manchester PKO 4EP
The Dacorum Heritage Trust Ltd Trustses. Annual Report Year Endgd 31 March 2026 The Trustees present their annual report, and the indeFendenly examined financial statements of the charity for the year ended 31 March 2026. The Trustees have 8dopted the provisions of the Statement of Recornmended Practice ISORP)"Ac¢ounbng and Reporbng by Chanlies" IFRS 102) in preparing the annual rep)rt and finaal statements The financial statements have beer7 prepared in accordan(% with the cOuntIng polietes set out in note 1 to the financial statements and compty with the tharity's goveming document, the Chariknes Aet 2011 and Accounting and Rern9 by Charittes.. Statement of Recommended Pra¢b"ce applicable to chanties preparing their accounts in accordance wth the Financial Reports"ng Stsndard applKable in the UK and Republic of Ireland IFRS 102}. Ob'octives and acliv The mission of the Trust is to engage and insw.re communitEs in tknm and beyond using heritage collections_ The Trust's objeclives, as set out in the ArbGles of Assctiabon. are the advancement of education in the Borough of Daconjm by acquiring, housing. eXh1b.ng, conseNing. restoring and repairing objects and CO1110nS of an historical and or educab.onal nature establishing. acquiring, managing, and maintsining museuffts. galleries, libraries, and other places where these actiVe$ are achieved Research and enquiry and the exchange and disseMinatn of views and infortiOn may occur. Public benefft The Trustees have paid due regard to the Chanty Commiwon's guRJance on publi¢ benefft in deciding which activities the Tnjst should undertake. The Trustworks wrth commLFnty partners and othervoluntary organisation8 to deliver an engaging programme of events for a h)cal audience through 3 variety of media. It also engages audiences through social media posts, via rts website and its newsletter. It maintains high standards of collectnS care and conservalion, preserving Daconjm's heritage for the benefft of rts communtbes and fvture generations. Achievements and rfomianc• During the penod under review, the Trust conb.nued to work in partnership wrth D8comm Borough Council and numerous IcKal organi5ations to support ac(tss to heritsge across the borough. Durtng the year, the Trust carried out extensNe public engagement activrties, including the provision of loan boxes for schcth, live events and digital exhIbrtns. It also launched a talks programme. SFaking at four mee"ngs of local organisations, and initiated a second print run of its book, 'A Wander through Ovaltine.. which wa8 runner-up for ixst small publK*on of the year in the Alan Ball Local History Awards. The Trust also undertook a wide range of activities. funded by the Garfield Weston Foundation and the Association of Independent Museums, lo promote its (x)Ilection of items c4)nnected with the fomer Ovalline factory at Kings Langley. It alsc received grants from Dacorum Borough Council for refreshing loan boxes for schools and creating illLbstrated maps of the Borough. and from the Co-op Local Community Fund. The Trust has maintained rts accreditation as a museum in DacoTum. Throughout the period under review, it continued lo care lor the collections through effeLbve collectt.ons management and organisational strategy. The Trust continually work510 improve its collectK)ns Care. reviewing ts strategies to ensure Complian with
The Dacorurn Heritsge Trust Ltd Trustees. Annual Report Year Ended 31 March 2026 urrent guidelines. It opened a new workshop studio in Awil 2025. hosted a paper ¢OrTyat0r for 10 week$ throughout the year. and offered 8 training days for volunteers in preventive ¢>)nseJvation. During the year. Adeyfield School to part in the tO9he Dragon's Apprentice compethion raising significant lunds for the Trust Throughout the period under review, the Trust Ikiised wtih represèntatives from local history societies lo discuss their needs and present plans. Im a¢t re rtln As a museum with extremely limited di$play spxe, the Trust delivers its impact on society through a range of activities.. Provided loan boxes for 15 5¢hools created six digrtal exhibrtions reached 3.790 followers on sockql medra hosted fve open days receNed fve special interest group visits, as well as academic and local history researchers welcomed 153 visitors to the museum store reGruited five new volunteers hosted tr• students on work experience from kKal schools A lotsl of 2,011 people were engaged In person through these athilEs. thereby (Teats'ng much greater awareness of the Borough's rich hen.tage among a dwerse range of people. Income and endowments for the year to 31 March 2026 was £124.170 {2025 - £141.133}. After total expenditure of £124.24912025 - £121,568} there was net deficit of £79 {2025- net surplus of £19,565). This is split betsveen unrestn.cled and restricted fvnds as follows.. Unrestricted Funds Th6 Trust had a defi¢il in the year of £7912025 - surplus of £19,565) on un1n¢t0 fvnds. The balance at the end of the year was £106,575 {2025- £106.6541. The Trust had a surplus in the year of £nil12025- £nil) on restricted funds. The balan at the end of the year was £46,202 {2025 - £46.2021. The Trust holds reserves for the following situati)ns". Contingen¢y- unexpected expenditure in the event of an emergency Cashflow- situalions where an invoice has to be paid before the money to cover tt has been r1Ved CoMMent- a commitrnent to expendrture which cannot be covered by Ihe annual income Closure- the chanty becoffes finanoalty unsustainable and must be wound up. The current reserves poliGy is to hold as reserves a sum equivalent to 12 months of running wsts for the Museum Store whiett is est"matad as £80.000. The amounl of unrestn'cted reseNe$ 31 March 2026 was £107,20512025- £106,654}
Tho Dacorum Heritage Trust Ltd Trustees, Annual Report Year Ended 31 March 2026 Structurn, governance and managgment The Trust is a company limrted by guarantee, incorF8ted in September 1993 and r8gistered as a charity in September 1993. It is governed by rts athles of associab"on. The Trustees are recTUrted from volunteers prepared to offer their to the development of the Trusvs objectives. None of the Trustees has any bèneficbal interest in the company. Members of the company guarantee to conlribute £10 in the event of a ndIng up. Directors must be rrMberS of the company. The Trust is managed on a day-to4ay basis by a Museum Manager, who is employed under the guKlance and direction of Ihe Trusfs Board of Directors. Employee salarw are delermined the Board of Directors in accordance with the Trust Pay Policy. Regular management meetings are held betsveen the Trust*s and staff to ensure the progress of chanlable activities and the effective day to day running of the Tfust There were no transxtions with related parties during the year that required reporbng in these accounts. Tru•tees of the charlty The directors of the charitable company are its Trustees for the purp)ses of charty law. The Trusttss who have served during the year and since the year end were as follows.. J W Allen {resigned 8 July 20281 A A Barham R H F Benvie K E Cassels K S Galal A L Haynes (resigned 26 May 20251 F R Herzberg FJPa99 S Ratcliffe (appointed 10 Juty 2025) L Warden {appointed 10 Juty 20251 Volunteev8 The Trustees recognise that there a signrficant input to its ievements from the conlribubon by many volunteers To quantify this, the Trustees have used, as a basis for its calculation of the accepted valLtation of personal commitment of their L3bour contribLrtn, the fomiulas adopted by the Heritage Lottery Fund. Based on these formulas. a minimum valuatson for the year would be circa £17,55712025 - £19,9111. Furthermore, these accounts do not recognise the value of expenses not daimed by Trustees and volunteers, nor of honoraria waived. Rlsk Manag•ment The Twstees have assessed the major nsks to which the Trust is exposed through its risk management statement and are Satisf that the systems in place mth.gate exposure to those risks as set out below.. The Trust remains reliant on funding from DaThim Borough Council for core actNib'es, although limited funds are raised from other sour. The Trust works with the council so that they continue to understand their obligations under Ihe Ancient Monuments & Ahaeo1OglCal Areas Act 1979 and that the Trust exists to support them. The Trust works to ensu that ils obligatsons under the Service Level Agreement are and support the counol's aim5 and objecbves.
The Dacorum Herftage Trust Ltd Trustees, Annual Roport Year Ended 31 March 2026 The collection is al risk of burglary and theft. The Trust has kde significant improvements to the security system ensuring that all parts of the museum store are covered, monitored by Secom. This included the insts1la1n of intemal CCTV (2meras. The Trust is at risk to the failure of its ageing collection rr¢nagenEnt infrastructure. The Trust has implemented a CloudSed server to host the collecbon management system to mf(igate this risk and is seeking fijrther fvnding for further improvements. strategic report and future develonts The Trustees have developed a strategic plan to delNer their vision to engage and inspire communities in Dacorum and beyond through heritage IllectIons. Strategic aims are to Maximise the potential ofthe ColtIOnS Realise the potentr.al of IcKal communils Secure the future of Dum'S herrtage Objectives have been set an$t these aiwts. and the Trustees continue to develop detailed plans to deliver them. The Trust continues to cOnser its options regarding a wtential new hentage Centre and is seeking support from its stskeholders lo impknient ts prokxwls. Trustoes, responsibilities The Trustees {who are also director5 of the Trust for the pufwses of npanY law) are responsible for preparing the TNslees' Annual ReFX)rt and the financial statetTEnts in ac(xJrdance with applicable law and United Kingdom Accounting Standards (United Kingdom Generalty AePted Accounts"ng Pracb"ce}. Company law requires the Trustees to prepare financial statements for each ffnancial year, which give a true and fair view of the slate of affairs of the charitable company and of the incoming resources and application of resources, including the income and expendrture. of the chalitable company for that period. In preparing these financial stalements, the trustees are required to: sele¢t surtable aCUnting poliues and then appty them consistentsy". observe the methods and principles in the Chartlw SORP 2019 (FRS 102)" make judgements and esbrnates that are reasonable and pmdent $tste whether applicable UK Accounting Standards have bn folkjwed, subject to any material departures disclosed and explained in the financial statements,. prepare the finanaal statements on the going concem bas Un it is inappropriate to PreSUn that the Charitab company will continue in operation. The Trustees are responsible for keeping adequate accoLtntt"ng rrdS that disck)se with reasonable a¢¢uracy al any b'me the financial position of the charttable company and enable them lo ensure that the financial statements compty wrth the Companies Act 2006. They are also resFonsible for safeguarding the assets of the charitable company and hence for lakn'ng reasonable steps for the preventson and detthn of traud and other irregularibes. In so far as the Trustees are aware..
The Dacorum Heritage Trust Ltd Twstses. Annual Report Year Ended 31 March 2026 there 15 no relevant information of which the charitable company's Independent Examiner is unaware., and the trustees have laken all steps trt they ought to have taken to make themselves aware of any relevant infomation and to establish that the Indendent Examiner is aware of that information. On behalf of the board Robin Hettberg Trustse
The Dacorum Heritage Trust Ltd Independent Examinerfs Report Yèar Ended 31 March 2026 Indgpendenl Examinerfs Roport to tho Trustee8 of Dacorum Herilage Tru•t Ltd I report to the charity trustees on my examination ofthe accounts of the company for the yèar ended 31 March 2026 which are sel out on pages 10 to 21. 1 report that the Trustees, Annual Report Set out on page 4 to 8 is consistent with the financial data presented in th8 )unts. Respon8lbllltle8 and ba818 of rfrport As the charty's trustees of the company (and also its directors for the purposes of company lawl you are resF>onsible for the preparath)n of the accounts in accordance wth the requirements of the Companies Act 20061'the 2006 Acfl. Having satisfietl myself that the accounts of the company are nol required to b8 audited under Part 16 of the 2006 Act and are eligible for independent examination, I reF#X in SpeCt of my examination of your charity's accounts as carried out under section 145 of the Charrties Act 2011 (the '2011 Acfl. In carrying out my examinatron I have followed the Directions gwen by the Charity Commission under section 14515llb} of the 2011 Act. Ind•pondont oxamlmrfs 8tslom•nt I have completed my examination. I confim thal no matters have to my attenb'on In connection wlth the examination giving me cause to believe.. accounting re¢ords were not kept in respect of the MpanY a8 requir9d by section 386 of the 2006 Act., or 2. the accounts do not accord with Ihose accounting records,. or 3. the accounts do not comply wth the aco)unb'ng requirements of s•ct¥)n 396 of th& 2006 Act other than any requirement that the accounts give a 'true and faif view which is not a matt&r considered as part of an independent examination. or 4. the accounts have not been prepared in acCdanCe wth the w*thod$ and princifv of the Statement of Recommended practTrce for accounting and reporb"n9 by chanties applicable to charities preparing their accounts in accordance with the Financial Repo"ng Standard appltsblo in the UK and Republ of Ireland IFRS 1021 I have no concems and have acr033 no other matters in connection wf(h the examination lo whlch attention should be drawn in this report in order lo enab a proper understanding of the accounts to be reached. AK)L Date. 13tk 2026
The Dacorum Hèritag6 Trust Ltd Statsment of Financial Activities (incorporating Income and Expenditure Account Year Ended 31 March 2026 2026 Restricted funds 2025 Unrèstndj funds Totsl Totsl Income and endowm•nt8 from: Donations and Jegacies Charitable activrties Other trading activities Investments 2.335 69.563 557 5.714 2,335 115,564 557 5,714 3,709 131,756 557 5,111 46,001 Tolal income and endovfflients 78.169 46.1 124.170 141,133 Expendlture on". Raising funds Charitable acknvities Other (78.248) (46.001) (124.249) (121,568) Total oxpenditur• 178,248 46,001 {124,249 1121,568 Net {expendrture) l income (79) 1791 19,565 Transfers betwèèn funds Net rnovement In funds 16 179} (79} 19,565 Reconclliation of funds: Tot81 funds brought foThvard 16 1(E,654 46.202 152.856 133,291 Total fvnds carried forwaryl 16 1C6.575 46.202 152,777 152,856 All income and expenditure derive from continuing activibes. The ststement of financial actNities indudes all gains and losses rectsjnised during the year. 10
Th• Dacorum Heritage Trust Ltd Balance Sheet Year Ended 31 March 2026 2026 2025 Flxed assets Tangible asse 12 119 238 119 238 Current assets Debtors Cash at bank and in hand 13 2,455 230,493 214,508 232.948 214,592 Creditors: amounts falling due wilhin ono y•ar 14 {80.290) 161,974) Net current assets 152,658 152,618 Net assets 152,777 152,856 Charity Funds unrestn.cted fvnds Restricted funds 16 16 106,575 46,202 106,654 46,202 Total charlty fvnds 152.777 152.856
The Daconun Heritage Trust Ltd Balance Sheot Y¥r Ended 31 March 2026 The tharitable company is entitled to exempl from audit under Section 477 of the Compantes Act 2006 for the year ended 31 March 2026. The EMberS have not required the o)Thpany to obtain an audit of its financial Statem for the year ended 31 March 2026 in accordance with Section 476 of the ComFonies Act 2006. The trustees acknowledge their responsibilitEs for (a) ensuting that trte chaTttable compay keeF6 C(jntlng records that mmpty with Sectk)ns 386 and 387 of the Conwanies AGt 20( and Ib) preparing financial statements whh give a true KI frar ViV4V of the state of affairs of the cha17table compary as at the end of each financi21 year and of surF4us or defKrt for each financial year in accordance with the requiremgnts of Wions 394 and 395 and whtch otherwise comply with the requirements of the Companies Act 21x6 relab.ng to firncial st2tenEnts. so far as appluble to the charttabte company. These financia5 statements have teen prepared in wrth the provisions of Part 15 of the Compantes Act 20( relab.ng to ChanIe s11 C4)an. The ffnancial st*ments were approved and autho fL)r IS ty the Bowd on 114K 2026. Signel on tehalfof the Boarf of Trustees ILty'LI Robin Hethrg Trustse Fa Page Trustee Date: 13 Thg rteS on pages 13 to 21 form port ofthese financial slatenEnts. Company registration number. 2851313 12
The Dacorum Heritage Trust Ltd Notes to the Financial Statements Year Ended 31 March 2026 Summary of slgnm¢ant accounting pollcios la) General Informion and basis of preparation The Dacorum Henlage Trust Limrted is a company limited by guarantee in England and Wales. In the event ofthe charity being wound up. the liabilty in reSpt of the guarantee is limf(ed lo £10 per member of the charity. The address of the registered Offi is given in the charity informabon on page 3 of these ffnancial statements. The nature of the charty's operations and principal activities are to collect and record the history of the Borough of DaGorum and to interpt and display the collection in order to encourage interest and appreciation of the heritsge of Dacorum. The chanty constrtutes a public benefft entity as defined by FRS 102. The financial statements have been prepared in accordan vmh Accounb"ng and Reporb"ng by Charities.. Statement of Recommended Practice applicable to chanties 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 Financial Reporting Standard applicable in the Unrted Kingdom and Republic of Ireland IFRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Aepted Practice as rt applies from 1 January 2015. The charity does not include a cash ffow stement on the grounds that it is apptying FRS 102 Section 1A. The financial statements are prepared on a goFng conrn basis urKler the historical cost convention modffied lo indude rtain items at fair value. The financpl statements are presented in sterling which is tha fun¢lional currency of the charity and rounded to the nearest £ The significant accounting pk)licies applEd in the preparab.on of these financial statements are set out below These policies have been consistentty applied to all years presented unless otheise slated. {bl Funds Unrestricted fvnds are available for use at the discretion of the Trustees in firtheran of the general obJectNes of the charity and whth have not been designated for other purposes. Restn¢ted fvnds are funds which are to be used in accordancE wth specific re5trFth"ons imposgd by donors or which have been raised by the chanty for specrfic purposes. The cost of raising and administering such funds are charged against the specific fvnd. The aim and use of each restn"¢ted fvnd is set out in the notes to the financial statements. Ic} Incorne recognltion All incoming resour are included in the Statement of Financial Actrvtties (SOFA) when th8 charity Ss legally entiued to the Incorr after any Performan conditions have been mel the amount can be measured reliably, and it is probable that the Incon wll be recerved. For donat'ons lo be recognised the tharity will have been nobfied of the amounts and the settiement date In writing. If there are conditions attached to the dOnatn and this requires a level of perfomiance before enlitlemenl can be obtained, then incorne ts deferred unb'l those condth.ons are fully mel or the fijffilment of those eonditK)ns is within the control of the charity. and it is probable that they will be fulfilled. No amount is induded in the financral statements for volunteer t'me in line wrth the SORP IFRS 1021 Further detsil Is grven In the Tnjstees. Annual Report. 13
Thè Dacorum Heritagé Trust Ltd Notes to the Financlal Statements Year Ended 31 March 2026 Income from trading actsvit$ includes income earned from fundraising events and trading activities lo raise fijnds for the charty. Income is received in excharoe for supptying goods and services in order to raise fvnds and is recognised vthen entsdement has cccurr&l. Income from local govemment and other grants are recognised al fair value when the charity has entidement after any performan condrtions have been met. it is probable that the income will be received. and the amount can be measured reliabty. If entrtlement is not me( then these amounts are deferred. Other income includes the conversion of endowment ftjnds into income which arises when capital funds are released to an Income fund from expendable endowments or when a chanty has authority lo adopt a totsl retum approach to rts permanent endwment fund. It also includes other income such as gains on disposals of tangible frxed assets. (dl Expenditure recognition All expenditure is accountwl for on an Nal$ basis 2nd has been cLgssrfied under headings that aggregate all costs lated to the category. Expendtture is recognised where there is a legal or conslrucb've obligab.on to make payments to third parbes, it is probable that the settlement will required, and the amount of the obligation can be measured reliabty. It is categorised underthe following headings". Costs of raising fijnds Expendrture on Charitab acbvities indudes the costs of caring for the colltionS and other expenarture represents those rtems not falling into the 13legories above. Irrecoverab VAT 1$ charged as an expense against the activty for which expenditure arose. (el Support costs allocatlon Support costs are those that assist the work of the chanty but do not directly represent charitable aclivrties and include Offi costs, govemance (x)sts. administr've payroll Sts. They are incurred dreY in support of expendrture on the objects ot the charity. Fund-raising costs are those incurred in seeking voluntsry ¢ontn"butions and do not include the costs of disseminating infomiatjon in surrrf)rt of the charitatAe activities. The anatysis ofthese costs is included in nok 7. {fj Tangible fixed assets Tangible fixed assets are stated at cost (or deend costl or valuation less awumulaled depreciation and accumulated impairment losses. Cost includes costs dirw attributable to making the asset capable of operating as intended. Depreciat"on is provided on all tangib fixed assèts, at rates calculated io write off the cost, less esty"mated residual value. of exh asset on a systemati¢ basis over rts expecled usefvl lrfe as follows.. Plant and machinery Fixtures and ffittings 33.3% Straht line depreciation 10% straight line depreciation Ig) Herltagè assets )ilst re9arding its Hentage Assets lin other words, its $S1oned collection of over 130,000 rtemsl as inalienable, held in pttpctuity and mosly irrePlaable the TrusL in the light of The Chafllles SORP IFRS 1021, Valuab'on of Heritage Assets seCtn 18.14, the Trust currently conser5 establishing valuabons for the enlirety of the collectv)ns to be unrealists"c and prohibitwely expenswe 2nd not 14
The Dacorum Herllage Trust Ltd Notss to thè Financlal Statements Year Ended 31 March 2026 required by the Trust in its duty of (are to the blfOr the bng-term stewardship of culbjralty signfficant material. The Board of Trustees will keep rts lIcY on the finanrial treatrnent of Heritage Assets under review. Acquisitions onty arise when (k)nated to the chanty or rf tt is beli8ved that they will fvrther the charity's objectives. Once acquired they will preserved by the charity to keep their historical, artistic, scsenlific, technological, geophysical or environmental qualIt5 to such a high level as to contn.bute to knowledge and culture. A register of all assets held by the charity is available and the assets themselves are accessible to the public wth prior agreement Hentage assets a to be hekj for the foreseeable fijture. Ih) Debtors and creditord receivable I payable within one year Debtors and credttors with no stated interest rate and rl¥able or payable within one yearare recorded at transaction price. Any losses ariwng from impairffEnt are recognised in exFenditure. li) Provisions Provisions are recognised the charrty has an oblatK)n at the baPdn¢e sheet date as a result of a past event, it is probable that an ouffi¢)w of economic benefils will be required in settlement and the amount can be reliably esb'mated. til Employee ben•ffts Ilvhen employees have rendered seNice to the charty. short-tenn employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for thalservice. The chanty 0rateS a deffned contn.bUtn plan for the tenefit of its employees. Contributions are exFensed as they becon* payable. Ik) Tax The charty is an exempt charity wtihin 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 rt meets the definrtton of a charrtable company for UK corFMJration tax purposes. {1} Going concern The financial statements have teen prepared on a going conrn basis as the Trustees believe that no material uncertainties exisL The TNstees have considered the level of fijnds held and the expected level of income and expenditu for 12 mnths from alrthorising these financial statements The budgeted income and expenditure is suffiu.ent with the level of reseNes for the charity to be able to continue as a going COnrn. 15
Tho Dacorum Heritage Trust Ltd Notes to the Financial Ststements Year End 31 March 2026 Income from donallons 2026 2025 Donatn$ 2.356 3,709 2,355 3,709 Income from donatws was £2,355 12025 - £3.7091 of whth £nil 12025 - £nil) was attributable lo restrtcted and £2.35512025 - £3,709) was attn'butable to unrestrthd fvnds. Incomo from ¢h•ritsbl• a¢tivili 2026 2025 Sale of gocYs and semces Perfomian¢e related grants 2,313 113,251 419 131,337 115,564 131,756 In¢orrE from charitsble activths was £115,56412025 - £131,756} of whh £46,001 12025 - £66,107) was attnbLrtabl8 to r8slrict8d and £69,563 {2025- £65,649) w88 attnbutable to unrestrithd funds. £67,25012025 - £65,230) of 9ovemm8nl grants were receNed as part of a SeIce Lev•1 Agreement with Oacorum Borwh Councll. Incomo from olhor tradlng actlvlllos 2026 2025 Other trading ath"vib"es 557 557 557 557 Income from other trading xtfvities was £55712025 - £5571 of whith £nil12025 - £nill was attributable to restricted and £55712025 - £557) was thbutable to unrestricted furKIs. 16
The Dacorum Heritage Trust Ltd Notes to the Financial Stataments Year Endod 31 March 2026 Income from Investmen1• 2026 2025 Interest- de[11$ 5,714 5,111 5.714 5,111 Income from investments was £5,714 {2025 - £5,111) of which £nil {2025 - £nill was attributable lo restncted and £5,71412025 - £5,111) was attn'butsble to unrestricted funds Anty•h of •xp•ndltur• on ¢h•rttbl• •ctlvltl•• Total Gen&ral Activity 85,518 38,731 124,249 85.518 38.731 124,249 £78.24812025 - £66,107} of the above costs were attributablg to restriclad fvnds and £46,001 12025- £55,461} of the above costs were attributsble to unrestrKted funds. Allocatlon of •upport co•ts 2026 2025 Finance and administrabon Utilities Depreciation Insurance Office Pension conlribLrtiong other 16,045 4.692 119 1,651 9,415 1.954 4,855 15,988 2,466 119 1,560 7,625 1,082 2,674 38.731 31,514 Net income I léxpenditurn) for th• y•ar Net income l {expendrturel i8 Staled after charging l (crediting). 2026 2025 Depreciation of tangible Ilxwj assets 119 119 17
Tho Dacorum Heritage Trust Ltd Notos to the Financial Statements Year Ended 31 March 2026 Indeldent examiners remuneration The Indendent examiners remuneration for an independent examtnatron was £nil {2025- £nill. 10 Trustees. and key managernt personnel remuneration and expenses The Tru$lees neither receNed nor waiv&J any remuneration or expenses during the year12025 - £nill. The total amount of employee beneffts receN&J by key managewt Fersonnel is £41,907 12025 - £29,813). The Trust COner5 its key managewt personnel compromise the Museum Manager and the Finance Manager. 11 Staff costs and employee b•nefils The average monthty number of empbyees and full time equrvalent IFTE) during the year was 88 follows. 2026 Number 2026 FfE 2025 Number 2025 FTE Charitable activities The lotsl staff costs and empbyees. benefits were as frjllows.. 2026 2025 Wages and salaries Defined contribution pens¥)n costs Less.. costs supported by grants 60,380 1.954 {7,5771 38.872 1,082 19.059) 54,757 30,896 Of the total staff costs and emptyees, benefils. £38,71212025- £14.9071 was attributable to charitable activities, and £16,045 12025 - £15.988) was attribulabFe to finan and adminislrab"on. No employees receNed totsl employee knefits (excluding efflployer pen&on costs) of mre than £60.000. 18
The Dacorum Heritage Trust Ltd Notes to the Flnancial Statements Year Ended 31 March 2026 12 Tangible fixed assets PFant and FLXtures and machinery fith'ngs Total Cost or valuatSn'. At 1 April 2025 AddOnS DisrM)sals At 31 March 2026 5.105 41.997 47,102 5.105 41.997 47.102 Depwialion". At 1 April 2025 Charge for the year Elifflinated on disposals At 31 March 2026 5.105 41.759 119 46,864 119 5.105 41,878 46,983 Net book value". At 31 March 2026 119 119 At 31 March 2025 238 238 13 Debto 2026 2025 Trade debtors Other debtors Prepayments and accnjed ineon 55 2,455 Debtors include £nil12025- £nil) Falling due after one year. 14 Credltorn: amounts falling due withln one year 2026 2025 Trade creditors Other tax and social secunty Accruals Deferred inGome 6,009 1.778 3,928 68.575 2,475 1,923 57,576 80.290 61.974 19
Tho Dacorum Herltage Trust Ltd Notes to tho Financial Statements Year Ended 31 March 2026 15 Defgrrod incomo Under 1 year Total At 1 April 2025 Addrtions during the year Arnunts leaSed to income 57,576 57,576 57.000 57,000 146,001) (46,001) At 31 March 2026 68,575 68,575 As at 31 March 2026, income was part deld for grants which inctuded £45.000 red from the Garfield Weston FOUndatn, £7,500 from the Association of Independent Museums, £4,000 from Dacorum Borough Council and £500 from the Co-op Locd Community Fund. 16 Fund ro¢oncFlialioTr UnrestrKted fund6 Balance at 31 March 2025 Income Expenditure Balance at 31 March 2026 Transfer5 General Fund 1C6,654 78.169 (78.2481 106.575 106,654 (78,2481 106.575 Restricted funds Balano at 31 March 2025 Inco Balan at 31 March 2026 ExFenditure Transtefs Museum Fund Development Fund plottS End Fund Grouped funds 18.374 10.080 17.482 266 46.001 48.001 18.374 10,080 17,482 266 46,202 146,001 (46,001) 152,856 124.170 (124.2491 152,777 20
The Dacorum Heritage Trust Ltd Notes to th• Financial Statements Year Ended 31 March 2026 Fund descriptlons Museum Fund- These are fUrS raised towards a museum for Dacorum. Development Fund- These are funds for the fubjre deve10pwnt of thè Museum Store. Piccotts End Fund- These are f¥Jnds raised towards the purchase of cottages at Piccotts End. Grouped Funds- These are funds raised for a vanety of smaller projects. 17 Analy$l$ of ngt ar0 bgtweon funds Total Fixed assets Cash and current investnts other current assets Other current liabilities 119 119 186,746 46.202 232.948 180,290) (80,2901 Total 1C6,575 46,202 152.777 18 Pensions and other post-retiremont benefi18 The charity operates a deffined contributb)n pension plan for its emptyees. The arrUnt recognised as an expense In the pericrfl was £1,954 {2025- £1.082). 21