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← Dens Limited

2022-03-31-accounts

Charity Registration No. 1097185

Company Registration No. 04610820

DENS LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS | FOR THE YEAR ENDED 31 MARCH 2022

{These amended accounts are the statutory accounts and replace the original filed accounts)

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DENS LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees 1Tottman
G Albert (resigned 03/03/22)
Laidlaw-Dickson
E McLauglin
M Morgan
E Pillinger
M Warner
SAllen
M Eckert
Charitynumber 1097185
Companynumber 04610820
Registered officeaddress BuryLodge
1 Queensway
Hemel Hempstead
Hertfordshire
HP1 1HT
Auditor CansdalesAudit LLP
CharteredAccountants& Registered Auditors
StMary’s Court
The Broadway
OldAmersham
Bucks
HP7 OUT
Bankers LloydsBankPLC
198-200The Marlowes
Hemel Hempstead
Hertfordshire
HP11BH

Ty

DENS LIMITED

CONTENTS

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||||| |---|---|---|---| |Page| |Trustee|and CEO|welcome|1| |Trustees’|report|2-10| |Independent auditor's report|11 - 14|,| |Statement|of financial|activities|15| |Balance|sheet|16| |Statement|of cash|flows|17| |Notes|to the financial|statements|18-29|

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DENS LIMITED TRUSTEE AND CEO WELCOME FOR THE YEAR ENDED 31 MARCH 2022 ee | This report covers the perlod of time from 1 April 2021 until 31% March 2022. March 2021 saw the UK move into the phase of living with COVID, and with this more adjustments to our services were made to ensure we could continue to provide and develop | our services in a safe manner. By April 2021 all our services and buildings were open, albeit with limited numbers for a period of , time, as we continued to follow government guidance measures in place.

Working with our colleagues at Hertfordshire County Council, Public Health and the NHS, we were able to set up a temporary vaccination clinic at The Elms to ensure not only our current clients and staff were vaccinated, but also any rough sleepers, who otherwise may not access a vaccination centre. This resulted In 96% of our clients being vaccinated, an excellent achievement through partnership work and ensuring some of the most vulnerable in Dacorum were vaccinated.

At the beginning of April 2021 we commenced a joint project with our colleagues at ONE YMCA and Haven First to provide support to Individuals from a number of Hertfordshire boroughs, placed in temporary accommodation out of borough, during COVID. The Individuals were away from thelr usual support networks and facing multiple challenges and disadvantages. During the 5 month life of the project, 164 clients were supported. The project not only had a significant positive impact on the lives of the 164 individuals, but highlighted how the third sector can come together quickly and work in partnership to make a difference to our beneficiaries.

We were delighted In May 2021 that the Mayor of Dacorum, Councillor Stewart Riddick, announced that DENS would be his nominated Charity of the Year. We would Ilke to thank the Mayor and Mayoress and their team for all their support and fundralsing this year.

In June 2021, we appointed to a new role, based at The Elms, Life Skills Coordinator. Staff identifled that a key barrier to residents being able to maintain a tenancy once they had left the Elms was a lack of basic life skills, such as basic cooking, budgeting and cleaning. This was resulting in a revolving door of residents moving from the Elms Into a property, not coping and having to return, we have to date worked with 70 residents.

During the summer we finalised on the purchase of a second property. The 4 bedroom home provides ‘move on’ accommodation for those ready to leave The Elms. As we entered the Autumn, we sald goodbye to the offices at The Hub on the Paradise site, whilst our fantastic new build ‘The DENS Centre’ is to be built on site. This gave us the opportunity to move the bike project to a retail unit in Rossgate shops. This has significantly Increased sales and engagement with the community

With winter we saw the return of the DENS Sleepout event In Hemel Hempstead; it was a huge success with just under 200 people sleeping out on a very cold, wet and windy night and raising a much needed £55,000.

We delivered a staggering 85 Christmas hampers to those in need on Christmas Eve, providing food for 325 people (children and disadvantages. This has led us to review hamper dellvery over the festive period and In 2022 we will also be delivering a cooked adults). This yet again highlighted the number of vulnerable people in our community, facing multiple challenges and Christmas dinner to individuals and offering follow up advice and support sessions with each reciplent.

The focus for 2022 will be to continue to provide our vital services and to identify other areas of support our community needs, particularly taking Into account the challenges that will arise with the cost-of-living crisis.

We do expect to see a decrease in financial donations, particularly from Individuals and businesses with the pressures of the economy really beginning to Impact all of us; whilst at the same time seeing an increase In demand on our services that we are already seeing.

DENS is a community charity and we have always been incredibly well supported by the community of Dacorum; and we are confident that with this continuing support and that of our Corporate partners, funders and our dedicated staff and volunteers, we will be able to continue to adapt and develop our services to help vulnerable people in Dacorum to rebulld their lives.

During this period, it has been gratifying to see so many different parts of the community coming together to meet needs. One example of this is that since the year end DENS has been working in partnership with Dacorum Borough Council and the Hill Group in the development of 8 purpose built modular homes; providing high quality, next stage accommodation for DENS clients who are ready to take that next step. This partnership has once again highlighted the positive change that can be made when the private, public and third sector come together to make to make a difference.

We would like to extend our personal thanks to our staff, volunteers and supporters for the way they have risen to the challenge in particular over this very difficult perlod.

In November 2022 one of our longest serving trustee, lan Laidlaw Dickson resigned. lan had been a trustee with DENS since 2010, and helped steer the organisation to where it is now. We would like to thank Jan for all his hard work and he will be missed.

Martin Warner Wendy Lewington Chairman CEO

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DENS LIMITED TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their report and financial statements for the year ended 31 March 2022.

The financlal statements have been prepared In accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's [governing document], the Companies Act 2006 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) (effective 1 January 2019).

Objectives and activities

DENS alm is to be the first port of call for people In Dacorum who are facing homelessness, poverty and social exclusion; to : support and empower them to take the next positive step in their lives, secure and sustain a long-term housing option and | be an active member of their community. | We will do this by; )

To do this we will need to:

e Increase public understanding and support of DENS and the Issues facing the people we support.

Our services

To achleve our aims and objectives, DENS currently provides the following services: ”

In June 2018, DENS 5 year Strategy was agreed by the Board. The Strategy has 5 key elements:

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DENS LIMITED

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

1 Ensure individuals and families have access to emergency food and provisions; and individuals have access to emergency accommodation. ,

In 21/22 thls included :

* The Foodbank providing food and nonfood essentials to 6,271 in this year.

*The Day Centre provided 804 cooked meals and 123 take away meals.

2. Accommodation

Provide a range of accommodation and support options to ensure clients can move on and, long term, sustain their own tenancy.

In 2021/22 this included:

3 Empowerment Services

Provide a range of services, including advice & tralning provision, empowering people to develop skills and confldence to take the next step in their IIves.

This includes 3 full barista training courses, with 30 participants

4 participants have complete Cytech level 1 bike mechanic qualification.

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4 Raising Awareness

Significantly Increase awareness and support of DENS, particularly beyond Hemel Hempstead and the issues facing the people we support. In 2021/22 this included:

Followers/Subserlbers

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Apr-20 Apr-21 Apr-22
Facebook 2059 2242 (+8.9%) 2457 (+9.6%}
Twitter 1411 1455 (+3.1%) 1539 (+5.8%)
Instagram 618 1032 (+67%) 1324(+30%)
Email 1439 2646 (+83.9%) 3406(+28.7%)
TOTAL 5527 7375(+33.4%) 8726(18.3%)
Engagement (likes, comments,shares)
Apr 20 -Mar21 Apr21 -Mar22
Facebook 8259 7434 (-9.9%)
Twitter 823 2284(+177.5%)
Instagram 1865 5031 (+169.8%)
TOTAL 10,947 14749(+34.7%)

5 Financial Sustainability

: Whilst our surplus was not as significant as the un-precedented surplus from the previous year , we recorded a healthy : surplus and reserves; and with the lifting of COVID restriction an increase In Income from Events.

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DENS LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 -

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Achievements and performance

Summary of overall performance for 2021/22:

Day Centre Providing food, personal care facilities, advice and support during the day. As we build up trust and rapport, we are able to offer 1-2-1 advice and support. The Day Centre is also the main point of referral to The Elms.

With the gradual! lifting of restrictions, capacity increased.

300 Individuals attended a total of 2,491 times

90 people were provided clothing

927 meals were given out

77 uses of the telephone

193 uses of shower

141 uses of the laundry facilities

62 uses of postal facilities

Open Space & Community Support

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A community based project open two days a week where both our service users and vulnerable or socially excluded people in Dacorum can soclalise, be creative, develop their skills and seek advice. In November 2021 the project moved from the Hub to a community centre in Rossgate.

Total visits: 82 No of visitors: 13

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Foodbank

DENS Dacorum Foodbank — run in partnership with The Trussell Trust - provides emergency food parcels and household provisions to people in need. Each month, we publish a ‘High Needs List’ detailing items that we are particularly low on.

Vouchers

Vouchers fulfilled: 2,780 ‘ Adults: 3,689

Children: 2,582 Total people: 6,271

Total people: 6,271 . Main Crisis Types Low Income: 2,657 Benefit changes/delays: 1,356 Debt 785 ' Family Types Size of Family No. Vouchers Couple 250 (9.4%) Family 427 (16.06%) Other 154 (5.79%) Single 1173(44.11%) : Single Parent 655(24.63%) Totals 2780

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TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

Due to the incredible support from the local community, local businesses and supermarkets we have been able to meet the Increasing demand. Weekly donations of fresh produce from Ocado has allowed us to continue to supplement the food parcels with fresh meat, fruit, veg and bread.

TAWSS Project

Working Jointly with Haven First and 1YMCA we worked across Hertfordshire to provide support and welfare checks to those placed in either B&Bs or hotels by the local district councils under the government nitlative ‘Everyone In’.

The work was commissioned by Hertfordshire County Council on behalf of the district council.

This project has evidenced the vulnerabllity of cllents who are placed in temporary accommodation, out of area. The initial proposal was that a ‘light-touch’ support service would be provided, however our staff did provide far more intense case work and dealt with a number of safeguarding issues. This is due to the experlence and knowledge of DENS staff; they ask the right questions and can recognise where they are significant issues.

We have had excellent feedback from all parties Involved North Herts Council and Hertfordshire Public Health Team, both of whom have expressed interest-in further partnership work.

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The Elms

Our 44-bed Hostel provides temporary and short-term accommodation (average 98 days) for single homeless people with a local connection to Dacorum. Each resident Is assigned a key worker; the resident and key worker develop and agree an individual support plan. This may include supporting them to access mental health services, support for substance/alcohol misuse; as well as assisting them to sort out benefits, access employment and training opportunities and Identify alternative and appropriate forms of accommodation. Residents are able to access counselling via an independent counsellor who holds sessions twice a week. Fellowship meetings (AA and CA) are also held weekly at the Elms. Dogs can also be accommodated.

Total residents : 192

Average length of stay: 98 days Average Age: 39 years

Crash Pad .

711 visits 129 clients

In line with government guldance, there continued to be restrictions on the number of individuals who could share crashpad space until end of March 2022. With funding from Dacorum Borough Council we were able to hire two self contained units placed In the car park of the Elms to increase the capacity of the crash pad until the end of March.

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DENS LIMITED

TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

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Resettlement

The Resettlement Team support residents who are moving from The Elms to Council, Social-Housing or private rental, for a maximum of 12 months. We have seen a rise in the complexity of the needs of our clients including more complex mental health issues, dual diagnosis and health issues. The team work with partner agencies, and closely with Dacorum Borough Council for early intervention around tenant issues such as breaches of tenancy and rent. The aim is to avoid the ‘revolving door’ of homelessness, helping people to Ilve independently in their homes and maintain their tenancy.

Total clients: 92, plus a further 13 drop ins 95.5% in social housing

97.8% maintalning their tenancy

Move On Service

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This transition service {s for residents ready to take the next step on from The Elms, but still require support to transition back to Independent Ilving. Residents will live in shared accommodation managed by DENS. A key worker will support them at first weekly then fortnightly, for up to 18 months, helping them develop skills and confidence to live independently, manage a tenancy, and find employment. 156 Clients

Percentage successful move on from Move on to long term accommodation: 70%

Lifeskills

The Life Skills course runs every Monday, Tuesday and Wednesday. The course Is for six weeks and the purpose fs to teach residents how to clean their rooms and maintain a good standard of cleanliness, how to cook a healthy meal and how to budget their money every month.

At the end of these six weeks, they get 5 points In the housing register. The groups consist of flve people for each day.

70 clients have attended the life-skllls course.

Social Enterprise Programmes

Our Social Enterprise programme continued to be impacted by the government guidance, with external events significantly reduced and therefore less market for the Coffee Cart. For a period of time we also had to reduce the number who could attend the bike project at one time.

With our Paradise site closing in November the bike project moved to a retafl unit Rossgate Shop, which significantly increased footfall and opportunity for our participants to further develop their customer service skills

In December 2021 we were awarded £22,398 Dacorum Borough Councll, as part of their Dacorum Economic Regeneration fund, to develop a robust business and marketing plan for the Enterprise programme. ,

Volunteers

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83 individuals volunteered for DENS this financial year, across all of DENS services, providing 5,432 of volunteering hours.

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DENS LIMITED TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Financial review . As of the 31st March 2022, DENS recorded a surplus £139,768 (2021: £508,839). The total reserves for the charitable company stood at £993,288 (2021: £853,521). Out of these £Nil (2021: £1,520) related to restricted funds, £327,000 (2021:£327,000) related to Designated Fund, leaving unrestricted funds of £666,288 (2021: £525,001).

The Board have agreed a policy to alm towards maintaining reserves of 3 months essential expenditure. This will allow the charity to meet its obligations should it have to cease it operations or reduce its activities In an orderly way in the light of significant budget cuts. This means the required level of free reserves is £408,122. Through the hard work and determination of all staff, the support of local businesses and the community of Dacorum, and the success of a number-of fundraising initiatives we have continued to achieve our aim of 3 months unrestricted reserves. The Board Is confident that with our fundraising plan for the future, we wil! be able to maintain this level of reserves.

As expected, we did see a decrease in both business and individual donations this year with the impact of COVID and uncertainty of the economic future. Due to the diversity of our funding streams and robust financial management we have managed to maintain our unrestricted reserves above the 3 month level.

DENS funding comes from a variety of sources, Including but not exclusively housing benefits for those within tn our accommodation services, grant from Herts County Council, grants from Lottery Community Fund, the Economic Recovery Grant , Henry Smith and other trust making bodies, fundralsing events and donations from businesses, community groups, churches and individuals. Principle grants in this financlal year Included Herts County Council (£215,869), contribution towards both the Elms and Move On Service , Grant from Lottery Community Fund { £42,134) and Dacorum Borough Council ( £22,398) for the Social Enterprise Programme, Henry Smith ( £32,892) towards the Resettlement Programme.

The trustees have assessed the major risks to which the charitable company is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.

Businesses contInued to be incredibly supportive in this financtal year, with business donations reaching £109,457. The community of Dacorum continue to be generous with £205,164 ralsed through individual donations. We were once again able to hold our annual Sleep Out Event which ralsed £55,000.

Food Is donated to the Foodbank and Is then distributed to families and individuals In need. The value of this donated food added a notional £151,895 income. The valuation of food Is made using the recommended Trusselt Trust food valuation of £1.68/kg. The trustees have assessed the major risks to which the charitable company Is exposed and are satisfied those systems are in place to mitigate exposure to the major risks.

Plans for the future

The focus for 2022/23 will be to continue to provide our vital services and to identify other areas of support our community needs, particularly taking into account the challenges that will arise with the cost-of-living crisis. We will revise and update our 5 year strategy, and this will be Informed by those with lived expertences of homelessness, poverty and soctal exclusion.

Areas that we are committed to developing In the new financial year are;

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DENS LIMITED TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

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Structure, governance and management

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Historically, DENS has been in a position where we have not needed to advertise for trustees, with interested applicants approaching DENS. When an Interested party has contacted DENS, they are asked to submit a CV, along with covering | withletter.theThisChalrmanfs then reviewedand CEO.byThethethirdChairmanstage andIs theCEO.applicantIf consideredwill attendsultable,a Boardthey willmeetingbe invitedto observeto attendandanmeetInterviewother trustees after which a vote is taken by the board. New Trustees undertake an Induction, which includes visiting all services.

Details of Organisational Structure ' DENS Board of Trustees meets a minimum of 5 times a year and is responsible for the strategie direction and pollcy of the charity. ’

The Chlef Executive is responsible for ensuring that the charity dellvers the services specifted and that key performance Indicators are met. The Senior Management Team is comprises of the Heads of Department and have overall responsibility for the day to day operational management of thelr area and individual supervision of the staff and volunteer team. This may be delegated to managers within their team.

The Senior Management Team meets at least 20 times a year, and the DENS Management Team (all managers across DENS) meets 5 times a year.

There is a continuing programme across the organisation to develop skills and working practices. This includes mandatory training for all staff, the Staff Handbook which Is regularly updated and in 2021 the introduction of a Code of Conduct for all staff.

Remuneration policy

In 2017/18 DENS completed a Job evaluation of all roles and a salary review to establish a salary structure based on the following principles: ‘

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DENS LIMITED

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TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

Statement of trustees’ responsibilities

The trustees, who are also the directors of DENS Limited for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements In accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

~ make judgements and estimates that are reasonable and prudent;

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 with 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 detection of fraud and other trregularities.

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DENS UMITED

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TRUSTEES’ REPORT {INCLUDING DIRECTORS’ REPORT} (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

| ‘Obsclowure oF information to auditor Tach of the trustees has confirmed that thie i no information of which they are aware which is relevant to the audit, but | of whh the suditer & unaware, They have further confirmed that they have taken sppvopriate steps to identify such «esevant information and to exzabilsh that the auditor Is aware of such informavon,

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| DENS LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DENS LIMITED

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Opinion We have audited the financlal statements of DENS Limited (the ‘charitable company’) for the year ended 31 March 2022 which comprise the statement of financial actlvitles, the balance sheet, the statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation ts applicable law and United Kingdom Accounting Standards, Including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of irelond (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion \ We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described In the Auditor's responsibilities for the audit of the financial statements section of our report. We are Independent of the charitable company In accordance with the ethical requirements that are relevant to our audit of the financlal statements In the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities In accordance with these requirements. We belleve that the audit evidence we have obtained Is sufficient and appropriate to provide a basls for our opinion. Conclusions relating to going concern We have nothing to report In respect of the following matters In relation to which the ISAs (UK) require us to report to you where: - the trustees’ use of the golng concern basis of accounting in the preparation of the flnanclal statements ts not appropriate; or ; - the trustees have not disclosed in the financial statements any Identified material uncertalntles that may cast significant doubt about the charitable company’s abllity to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for Issue.

: Other Information The other Information comprises the Information Included In the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other Information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other Information Is materially inconsistent with the financial statements or our knowledge obtalned In the course of the audit, or otherwise appears to be materially misstated. If we Identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement In the financial statements themselves. If, based on the work we have performed, we conclude that there Is a materia! misstatement of this other Information, we are required to report that fact.

We have nothing to report In this regard.

Opinions on other matters prescribed by the Companies Act 2006

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DENS LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF DENS LIMITED

Matters on which we are required to report by exception

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In the light of the knowledge and understanding of the charitable company and its environment obtained In the course of the audit, we have not Identiffed material misstatements in the directors' report included within the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

As explained more fully in the statement of trustees’ responsibilities, the trustees, who are also the directors of the charitable company for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company’s: ability to continue as a golng concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either Intend to l[quidate the charitable company or to cease operations, or havé no realistic alternative but to do so.

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INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF DENS LIMITED

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to Issue an auditor’s report that includes our opinion. Reasonable assurance Is a high level of assurance but is not a guarantee that an audit conducted In accordance with ISAs (UK) will always detect a materlal misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to Influence the economic decisions of users taken on the basls of these financial statements. .

Irregularittes, Including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, Including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach was as follows:

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We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity.

We communicated identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any Indications of fraud or non-compliance with laws and regulatlons throughout the audit. We examined and discussed with management any known or suspected instances of fraud or non-compliance with laws and regulations.

We assessed the risks of material misstatement in respect of fraud as follows:

The audit team discussed whether there were any areas that were susceptible to misstatement as part of their fraud discussion.

In addressing the risk of management override of controls, we tested the appropriateness of Journal entries with a focus on large or unusual transactions based on criterla determined using our knowledge of the organisation and Industry. We also challenged assumptions and Judgements made.

We Incorporated an element of unpredictabllity in the selection of the nature, timing and extent of our audit procedures.

Based on the results of our risk assessment we designed our audit procedures to Identify and to address material misstatements In relation to fraud, including bribery and non compliance

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DENS LIMITED

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INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF DENS LIMITED

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Because of the Inherent limitations of an audit, there Is a risk that we will not detect all irregularitles, including those leading to a materlal misstatement in the financlal statements or non-compliance with regulation. This risk Increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud Involves intentional concealment, forgery, collusion, omission or misrepresentation.

As part of an audit In accordance with ISAs (UK), we exercise professional Judgment and maintain professional scepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, Including any significant deficiencies in Internal contro! that we identify during our audit.

Use of our report

This report is made solely to the charitable company's members, as a body, In accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them In an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibllity to anyone other than the charitable company and the charitable company’s SC for our audit work, for thls report, orfor the opinions we have formed. MrJames Foskett (Senior Statutory Auditor) “Loecentes For and on behalf of Cansdales Audit LLP St Mary’s Court Chartered Accountants The Broadway Statutory Auditor Old Amersham Bucks HP7 OUT

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DENS LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted Designated Restricted Total Total
funds funds funds
2022 2022 2022 2022 2021
Notes £ £ £ £ £
Incomeandendowmentsfrom:
Donationsand legacies 2 465,347 - 73,286 538,633 735,247
Charitable activities 3 871,223 - - 871,223 936,407
Other trading activities ‘ 4 45,513 - - 45,513 61,839
Grants 5 - - 539,423 539,423 676,469
Totalincome _ 1,382,083 - 612,709 + +—«-1,994,792 —-2,409,962
Expenditure on:
Ralsingfunds		 6 202,123 - 31,875 233,998 186,982
Charitable activites 7,8 1,016,934 - 604,093 1,621,027 1,714,141
Total resourcesexpended 1,219,057 - 635,968 1,855,025 1,901,123
Net incoming/(outgoing) resources
beforetransfers so, 163,026 - (23,259) 139,767 508,839
Grosstransfers betweenfunds =~ (21,739) - 21,739 - -
Netincome/(expenditure) fortheyear/
Netmovement infunds 141,287 - (1,520) 139,767 508,839
Fund balances at1April 2021 525,001 327,000 1,520 853,521 344,682
Fundbalancesat31March2022 666,288 327,000 - 993,288 853,521

The statement of financtal activities includes all gains and losses recognised in the year.

All !ncome and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an Income and expenditure account under the Companies Act 2006.

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DENS LIMITED

BALANCE SHEET

AS AT 31 MARCH 2022

2022 . , 2022
Notes é £ £ 3
Fixed azets
Yangiblr assets bb 757,239 380,271
Carrent aets
Debtors
(ash
atbank
3Ad in hand		 2 75,723
1,125,283		 ' 73,321
1,087,959
Creditors: amount:falling due withinane
year		 B 1,201,021
(466,508)		 . 1,121,240
{399,530)
Net currentassets 738,503 723,250
Total assets lex arent llabifittes 1,491,742 2,202,021
Crediton:amountsfalieag due aftermore
than one year 14 (498,454) (448,500)
Netacxets 993,258 $53,521
income funds
Restrictedfunds
Denpnated
funds
Urentrietedfunds		 vv ;
427,000-		 , 1526
327,000
General unrestricted Fumds 666,283 a 525,001
656,288 525,001
993,288 B53,571
=—=_ —
These financial statements have beea prepared in areprtance
smallcompanysregime
}		 with the provicens applicable
-		 to companies subject to the
Tee fingncalstammeniswere approved by the Tousreeson {412/02 12/02 ,
MWirner
.
CompanyRegtrationNo.04520520
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DENS LIMITED

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2022

|

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|||||| |---|---|---|---|---| |IT| |.| |2022|2021| |Notes|£|£|£|£| |Cash flows from operating activities| |Cash generated from operations,|21|205,806|662,864| |Investing activities|.| |Purchase of tangible fixed assets|(390,977)|(378,731)| |Net cash used in investing activities|(390,977)|(378,731)| |Financing activities| |Drawdown of bank loans|:|262,500|248,500| |Net cash generated from financing activities|262,500|248,500| |Net Increase in cash and cash equivalents|77,329|532,633| |Cash and cash equivalents at beginning ofyear|1,047,959|515,326| |Cash and cash equivalents at endof year|1,125,288|1,047,959|

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DENS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

..

we

1 —_— Accounting policies a ) Charity Information Information DENS Limited Is a private company limited by guarantee incorporated in England and Wales. The registered office is Bury Lodge, 1 Queensway, Queensway, Hemel Hempstead, Hertfordshire, HP1 1HT. 1.1 Accounting convention foe The financial statements have been prepared in accordance with the charitable cOmpany’s governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recornmended Practice applicable to charitles preparing their accounts in accordance with the Financtal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019). The charitable company is a Public Benefit Entity as defined by FRS 102. . The financial statements are prepared in sterling, which ts the functional currency of the charltable company. Monetary amounts in these financlal statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold propertles and to include investment properties and certain financial instruments at fair value]. The principal accounting pollicles adopted are set out below. 1.2. Golng concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue In operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting In preparing the financtal statements. 1.3 Charitable funds 7 Unrestricted funds are avallable for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. , 1.4 Income Income Is recognised when the charitable company Is legally entitled to it after any performance conditions have been met, the amounts can be measured rellably, and It Is probable that income will be received. Cash donations are recognised on recelpt. Other donations are recognised once. the charitable company has been notlfled of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Ald or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount Is not’ known, the legacy is treated as a contingent asset. -

Charity Information Information DENS Limited Is a private company limited by guarantee incorporated in England and Wales. The registered office is Bury Lodge, 1 Queensway, Queensway, Hemel Hempstead, Hertfordshire, HP1 1HT.

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DENS LIMITED . NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting pollcles

(Continued)

1.5 Expenditure : Expenditure Is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs'involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity; Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. '

Expenditure is recognised once there Is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required In settlement and the amount of the obligation can be measured reliably. Expenditure Is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportloned between those activitles on a basts consistent with the use of resources. Central staff costs are allocated on the basis of tlme spent, and depreciation charges allocated on the portion of the asset's use.

| | | , | | ||

Costs of generating funds are costs Incurred In attracting voluntary income, and those incurred in trading activities that raise funds.

Charitable activities and governance costs are costs incurred on the charity's educational operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

1.6 Tangible fixed assets

Tangible fixed assets are Initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. The capitalisation policy is £500.

Depreciation fs recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Property Refurbishment 3 year stralght line basis Fixtures and fittings 3 year straight line basis Computers . 3 year straight line basis

Freeheld Property Is Valued at Cost less Impairment.

‘

The gain or loss arising on the disposal of an asset Is determined as the difference between the sale proceeds and the carrying value of the asset} and fs recognised In net Income/(expenditure) for the year.

1.7 Impairment of fixed assets

At each reporting end date, the charitable company reviews the carrying amounts of Its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the Impairment loss (if any).

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DENS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

.

FOR THE YEAR ENDED 31 MARCH 2022

1 _—s Accounting policies

1.8 Cash and cash equivalents

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“ (Continued)
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7
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Cash and cash equivalents Include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Employee benefits

The cost of any unused holiday entitlement is recognised In the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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2 _ Donations and legacies

Donations andand legacies a
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
£ £ £ £ £ £
Donations and gifts 465,347 73,286 538,633 701,427 33,820 735,247
Donations and gifts :
Individual donations 201,312 3,852 205,164 291,307 8,463 299,770
Businessdonations $4,713 54,747 109,460 249,420 - 249,420
Charity donations - - - 75,102 - 75,102
Church donations - - - 15,376 - 15,376
School donations - - - 4,524 - 4,524
CommunityGroups 64,614 175 64,789 ot - -
Soclal Enterprise - 1,499 1,499 Lo - -
Events income 94,208 - 94,208 28,973 - 28,973
Fundraising activities - - - 25 - 25
MajorDonor 50,500 13,013 63,513 36,700 24,087 60,787
Other - - - - 1,270 1,270
465,347 73,286 538,633 701,427 33,820 735,247

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,
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DENS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

==> picture [467 x 587] intentionally omitted <==

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |3|Charitable|activities|:| |:|2022|2021| |:|£|£| |.| |Move On and The|Elms|796,040|854,830| |Personal|contributions from|residents|75,183|81,577| |871,223|936,407| |4|Other trading|activities| |a|2022|2021| |+|£|£| |Rental|income|rr|29,347|45,125| |Coffee|Cart|Income|*|1,805|12,725| |Laundry money|564|548| |Bike|Project|Income|7,927|-| |Other income|5,870|3,441| |Other trading|activities|45,513|61,839| |5|Grants|,|,|Unrestricted|—|Restricted|Total|Total| |,|funds|funds|2022|2021| |ot|£|£|£|£| |Big Lottery Fund||-|-|-|35,611| |Herts|County|Council Accommodation|Solutions|-|215,869|215,869|215,794| |Food donations|-|80,703|80,703|151,895| |HertfordshireCommunity.|-|1,333|1,333|10,667| |NationwideCommunity-MoveOn|-|-|16,664| |Henry|Smith|- Resettlement|-|32,892|32,892|24,025| |HCC|-|COVID|19|‘ot|-|850|850|43,807| |Grant|-|Ocado|oo|-|-|35,000| |Homeless|Link COVID|19|grant|-|-|49,160| |Community Action|Dacorum.- Foodbank|-|6,000|6,000|14,500| |Other grants|.,|-|201,777|201,777|79,346| |-|539,423|539,423|676,469| |For the year ended 31 March 2021|24,503|651,966|676,469|

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DENS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022 ' =

6 Ralsing funds

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----- Start of picture text -----
Unrestricted Restricted Total Total
funds funds 2022 2021
£ £ £ £
Fundraising and publicity .
Other fundraising costs 6,228 31,875 38,103 33,991
Wages and salaries 192,409 - 192,409 150,225
Depreciation and impairment 3,486 + 3,486 2,766
{ _——— ——
Fundralsing and publicity 202,123 31,875 .. 233,998 186,982
202,123 31,875 233,998 186,982
For the year ended 31 March 2021
Fundraising and publicity 186,982 - 186,982
\
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DENS LIMITED

‘

°

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

:

7 Charitable activities oo.
-
woo		 ’ we
:		 OG eT DayCentre Resettlement
ce		 Foodbank’
.		 HeadOffice
.		 Moveon
-°TheELMS
oe		 Social
Enterprise		 Total
2022,		 = Total ..
«~~ 2021':~=«w‘«ws“‘
£ £ £ £ £ £ £ £ £
Wages andsalarles 89,652 35,825 65,549 - 86,594 362,716 65,236 705,572 582,911
Depreciationandimpairment 1,512 - 1,063 1,608 548 3,385 1,349 9,465 11,849
Premises costs 5,095 1,230 1,331 14,156 56,164 113,357 4,002 195,335 217,293
Rentand rates 7,440 - - - 107,113 12,320 - 126,873 202,319
Office 2,794 668 720 38,887 7,943 95,087 4,550 150,649 135,998
Foodbank distribution - - 80,703 - - - - 80,703 145,395
Staffcosts (115) - (410) 436 (1,600) 8,576 7,123 14,010 27,089
Othercosts 2,184 2,895 950 24,850 20,559 25,476 33,215 110,129 134,044
Catering 1,378 - - 91 88 20,349 358 22,264 30,839
OverheadAllocation 27,330 7,454 25,539 (220,076) 27,329 111,776 20,648 - -
137,270 48,072 175,445 (140,048) 304,738 753,042 136,481 1,415,000 1,487,737

For 2022, charitable actlvitles (above) and support costs (note 8) totaled £1,621,027 (2021:£1,714,141 ). Of this, £1,016,934 (2021 : £1,005,097) is related to unrestricted expenditure and £604,093 (2021 :£709,044) related to restricted expenditure.

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DENS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

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||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |8|Support costs|.| |.|2022|2021| |£|£| ||| ||Wages and salaries|192,645|189,294| |||Depreciation|1,059|969| |Rent and|rates|-|10,833| |Office|.|3,430|6,886| |Staff costs|:|2,999|4,726| |Other costs|5,894|13,696| |‘|206,027|226,404| |9|Trustees|.| |None|of the|trustees|(or any|persons|connected|with|them)|received|any|remunerationor|benefits|from the|charitable| |company|during the year (2021:|£nil).| |10|Employees| |Number of employees|st| |The average|monthly number of employees|during the year was:| |:|2022|2021| |||Number|Number| |7|Average employee|numbers|41|38| |Employment costs|:|2022|2021| |.|£|£| |Wages and salaries|-|993,127|783,399| |Social|security costs|79,848|59,007| |Other pension costs|‘|17,651|8,692| |1,090,626|851,098|

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: | 7

The key management personnel of the charity comprises four members of staff (2021: five). The total employee benefits {including employer pension contributions) received by key management personnel for their services to the charity was £193,208 (2021: £173,863).

The number of employees whose annual remuneration was £60,000 or more were:

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|||||| |---|---|---|---|---| |;|2022|2021| |Number|Number| |£60,000|- £69,999|.|-|1| |£70,000|- £79,999|1|-|

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DENS LIMITED

.

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) , FOR THE YEAR ENDED 31 MARCH 2022

11 = Tangiblefixed assets
, Property
Refurbishment		 Freehold
Proporty		 Fixturesand
fittings		 Computers Total
Cost yo £ £ £ £ £
At1April2022
Additlons		 ° 60,629
-		 355,000
380,520		 158,883
830		 42,662
9,627		 617,174
390,977
Disposals ; (3,688) - (3,629) (724) (8,041)
At31March 2022 56,941 735,520 156,084 51,565 1,000,110
Depreciationand impairment
At1April2021 7 60,542 - 149,411 26,950 236,903
Depreciation charged in the.year 87 - 2,890 11,032 14,009
Eliminated in respect ofdisposals (3,688) - (3,629) (724) (8,041)
At31March 2022 |56,941 - 148,672 37,258 242,871
Carryingamount ,
At31March 2022 - 735,520 7,412 14,307 757,239
At31March2021 87 355,000 9,472 15,712 380,271
12 ~—Debtors Debtors
.-
Amountsfalling due withinoneyear:		 2022
£		 2021
£
Trade debtors : - 15,408
Otherdebtors we 5,231 1,476
Prepaymentsandaccrued Income 70,492 56,437
75,723 73,321

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DENS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

| | !

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||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |a| |13|Creditors:|amounts falling due within one year|,| |2022|2021| |Notes|£|£| |Bank loans|15|12,546|-| |Other taxation and|social|security|25,839|21,624| |Deferred|Income|16|.|182,810|44,775| |Trade|creditors|.|105,594|64,479| |Other creditors|az|2,128|5,169| |Accruals|fo|137,591|263,483| |“466,508|399,530| |£8,550|(2021:|£8,200)|is|included|within|the|table|above|In|respect|of|auditors|remuneration|for|the|performance|of| |the|audit. Also included above|is £1,950|(2021:|£1,800)|in|respect of auditors remuneration|for non audit services.| |14|=|Creditors: amounts falling due after more than one year| |.|2022|2021| |Notes|£|£| |Bank loans|15|498,454|248,500| |15|~—|Loans and overdrafts|-| |2022|2021| |.|£|£| |Bank loans|.|511,000|248,500| |Payable|within one year|12,546| |Payable|within two to five year|42,446|-| |Payable after|Flve year|456,008|248,500|

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The Charity Bank Limited loaned Dens Limited £248,500 during 2021. This Loan Is repayable at a rate of £1,433.92 from April 2022 Including Interest. Interest is payable at a rate of 4.65%.The Loan Is repayable over 25 Years with the first repayment of Capital belng due in April 2022. :

The Charity Bank Limited loaned the charitable company a further £262,500 by creating a charge on 23 Larchwood Road, Heme! Hempstead, HP2 5NA which Is reapayble at a rate of £1,262 per month. The interest is charged on daily basis from the date of drawdown of the amount. The Loan Is repayable over 25 years with the first Instalment due in May 2022 .

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DENS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

16 Deferred income

,| | |

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|||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |2022|2021| |:|£|£| |Balance deferred|at|1 April 2021|44,775|51,462| |Amount|released to|Incoming|resurces|in the|Current Year|(44,775)|(51,462)| |Amount|Deferred|during the|year|182,810|44,775| |:| |;182,810|44,775| |17|___—*Restricted|funds| |.| |Balance at 1|Income|Expenditure|Transfers|Salance at 31| |April 2021|March 2022| |Day Centre|.|1,520|14,046|(14,176)|(1,390)|-| |Move|On &|Property|-|112,823|(112,823)|-|-| |Foodbank|-|119,980|(128,647)|8,667|-| |The|Elms|.|-|194,717|(194,717)|-|-| |Fundraising|-|17,413|(31,875)|14,462|-| |Resettlement|-|38,492|(38,492)|-|-| |Social|Enterprises|-|115,239|(115,239)|-|-| |1,520|612,710|(635,969)|21,739|-| |Day|Centre|fund|includes|grants from|Homelessness|Winter Transformation|Fund|of £4,388 and|donation|under|10k|of| |£9,658.|f| |Move|on|&|Property|consists|of income|amounting|£6,000|from|business|donations|and|Grants|amounting|to £98,004| |from|Herts|accommodation,|£7,002 from|Household|Support|Grant and £1,817 from Autorama-VanIncome.| |The|Foodbank|fund|relates|Donations|received|from|Individual|giving|received|of|£1,652,|Business|donation|of £4,547,| |Community|donation|of £175|and|Restricted|Grants|of £3,895,|Grants|received|from|Hertfordshire|Community|£1,333,| |Trusell|Trust £5,175,|Grants|under|10k|of £16,500,|Community|Action|Dacorum|£6,000|and|Food|Donations|of £80,703.| |The|Elms|fund|relates|to.|income|and|gifts|received|towards|the|general|running|costs|of The|Elms.|At The|Elms,|we| |received|donations|of|£2,200|from|Individual|donors,|£15,200|from|Business|Donations,|£117,865|from|Herts| |accomodation,|£1,816 from Autorama|- Van|Income|Leaseplan,|donation|under|10k|of £5,579,|£25,383|from|DBC|-|Cold| |Weather Provision|Grant, £850 from HCC|- COVID|19, £25,822 from Household Support Grant.| |Fund|raising|Includes|donation|received|from|a|major|donor|amounting|to|£13,013|and|Grants|less|than|£10,000|each| |of £4,400.|ae|

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Resettlement Income consists of donations from business donors amounting to £4,500, grants of less than £10,000 each of £1,100 and a grant of £32,892 from Henry Smith.

Social Enterprise Income consists of donations from various business donors amounting to £24,500, grants of less than £10,000 each amounting to £2,200, £22,507 from the Enterprise Development Fund - SocEnt, £42,134 from Lottery Community Fund, Social Enterprise direct Income amounting to £1,500, and £22,398 from Economic Recovery Grant.

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DENS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE VEAR ENDED 31 MARCH 2022

18 Analysis of net assets between funds

Analysis of net assetsof net assetsnet assetsassets between fundsfunds
Unrestricted Designated Restricted Total Unrestricted Designated Restricted Total
2022 2022 2022 2022 2021 2021 2021 2021
£ £ £ £ £ £ £ £
Fund balances at31 March 2022 are represented by:
Tangible assets 757,239 - - 757,239 380,271 - - 380,271
Current assets/(liabilities) 407,503 327,000 - 734,503 393,230 327,000 1,520 721,750
Longterm liabilities (498,454) - - {498,454} (248,500) - - (248,500)
666,288 327,000 - 993,288 525,001 327,000 1,520 853,521

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DENS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) J, FOR THE YEAR ENDED .31.MARCH 2022

; 19 Operating lease commitments

At the reporting end date the charitable company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

:

; 2022 2021
£ £
_
Within oneyear 978 4,005
Betweenoneandtwoyears 621 1,350
° Between two and five years - 248
. 1,599 5,604
20 ~—Related partytransactions
Therewereno disclosablerelated partytransactions duringtheyear (2021 - none).
21 ~+Cashgeneratedfrom operations 2022 2021
ae £ £
Surplusfortheyear
-
:		 139,767 508,839
Adjustments for:
.
Depreciation andimpairmentoftanglblefixedassets 14,009 15,584
Movements tn working capital:
(Increase) in debtors
‘
.		 (2,402} (6,144)
(Decrease)/increase in creditors (83,603) 202,308
Increase/(decrease) In deferred Income 138,035 (57,723)
Cashgeneratedfromoperations 205,806 662,864
Dt 2

20 ~—Related party transactions

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