a*lty ¥ryistratlDn numb•r 1098150 Comp•ry re915tratlDn rn4ththr04723614 (Ensl•nd Jnd Wale5} AGE UK DACORUM ANNUAL REPORT AND uNAuD￿ED HNANaAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 AGE UK DACORUM LEGAL AND ADMINISTRATIVE INFORMATION TNstee5 Mr Paul Fran4 th3tr Mr Mike Oe¥lin, Treasurer Mrstephen Qu￿1r￿tOn (Appointed 20 July 20231 ChaTIty number 1098150 Company numb•r 04723614 Registered office Haw Yard High Street Hery*l Hempstead Herts HPI 3AE Independent examinw Myers aark Ega]e I 80 St Albar￿ Roa4 Wattord Herfftsrdshire WD17 IDL AGE UK DACORUM coMrENTS Pag• Chails Statement Tnstee¢ report Independentexaminefs report statement of financial actr Balan￿ 5￿t Statement of cash fk Note5 tp the financièl ststements 10-23 AGE UK DACORUM CHAIR'S STATEMEMr FOR THE YEARENDED 31 MARCH2024 The chair presents hi5 staten￿nt forthe yEar. The rnerger with Age UK Hertfordshire was compleled duiiryj the w. All staff and service5 were trn5ferred wth no interruptions to our clients and the merged Organi￿lOn is perfonnin9 wel. Durir4J the year. several tystees of Age UK tAUKD} res[gr￿￿ with Mr Paul FrarK stayng on as Chair of AUKD. In additiory Mr Steve Quiddir#jt￿ arKI Mi Robin Kemberwere elerted a5 trustees ofAUKD. I would like to extend a huge thank you to everyone vtho has mae thi5 merger a huge success and we kiok forward tol a ￿￿￿$tU1 and rewaiding 2025 forAge UK fDrourclient4 our straff. oUrvoluntee￿ arxl our fvrKler Mr Paul Fra Chalr AGE UK DACORUM TRUSTEES, REPORT UNCLUDING DIRECTORS. REPORT) FOR lliE YEAREAIDED 31 MARCH2024 The trustees present thelr annual and finatKial ststements for the year end￿1 31 March 2024. The financial Statements have been prepared in accordance with the xcouThtir¥J pofiti2s set out in note i to the financial statsments and compty w4th the charitsble company5 govemirvj docurrEnL Companies Act 2006 and 'Accounting Reporting by Charities.. ststerr￿nt of RecotnTnendEd PractKe applicable to charites preparing their 2Kcount5 in accordance with the Financial Reporting Standard aPp1Kab￿ ID the UK and RepublK of Ir*nd IFRS lol. leflective l January 20191. Report On objec11￿ Artivities •nd Athlv4•m• . The objert for whlch the th*lty Is eSt*ll$h￿ To promote the relief ol older Peop￿ in any mannerwhKh rthv or hereats may b2 deemed by law to be charitable a￿1 around Dacorum. The mission for the charity 15 to ptDrrvJte the well-beiThJ of all older people to help make ￿ter life a fulfillir¥J and tsnjoyable experience. The main objectives and athtbe5 foru* year wer To listen to and involve older p￿p To deliver high quality se￿￿e5 a￿1 thtEes To develop effective parb)erships with relevant Statutory, vobJntary* iN1ePe￿lent Organ￿ationS To develop the skills of stsff whd ¥olunteers establish a strory fut￿Ing base, with the airn ol erroura3ing heald¥ independenc¢ quality of lifE and social I￿￿$￿)nOf all older peop . Ensurfn9 ourwork d•H¥•ts obJe¢ty To meet these objertwes wt provide a raThJe of i￿ludIng hdp to k￿1 older people together 5upporL advic¢ and infomation to then their friends arKJ carer& Publirbttnefft In sethng ObJ￿￿Ve$ and plannirvJ for &tivibe% the Tnstee5 have grven due consideration to general guidan published by the Charity Commission relating to public beneft iTKluding guidance 'Public benefrt running a charity IPB21. Staff and Trustees tske these findir4Js into accourtt when planning fu￿re actNitie5 and th contribuie to the aims and objectives set Our Ser¥kes ThÈ ltsllowing Age UK Dacorum seNces have been tsan5ferred in their entirety to Age UK Herthrdshir Befriendir¥J &Telep1V)￿ Cbjb B￿eaVe￿nt Soxrnoor Good Neighbours Brainwaves, Hert5wise & MCST aubs CaTers sUp￿rt Fundralsing & hAarketing Handyper50n & Gardening HCNS Personal Assistants Tea & Chat Clubs Young at Heart Clubs AGE UK DACORUM TRUSTEES. REPOFrr UNCLUDING DIREcfoRS' REPORT) ICOPMNUED) FOR THE YEAR ENDED 31 MARCH2024 Goln9 concern Most of the service5 pro￿ded by AUKD have been mer￿1 into the eorrespondiny Setv1￿ prtswded by AUKH. Dacorum's 5pecthc initiative5 such as the Christmas Carol co￿ert the Bemvem2rt Suvice will continue to be provided by AUKH. Our AUKD volunteers have taken opwrtunty to retrain with AUKH and contir¥Je to 5UPPOrt the Befriending semc? and the Clubs run by the charity. Following the merger AUKH it is antiopated that Age UK Daconjm Ltd will dormant within the n2xt tsvelve month& RÈseN¢s polir thÈ strategic direction and PLdKy of charity. The Company Secretary also sits on the ctsmmittee but ha5 no vating rwJhkn A Chief £￿utiVe ￿ appointed by the tn￿tee$ to manage the day-to-day operations and ensure that the charity meets its oblKJat￿Jn￿ . 60￿MI￿j Do¢umÈnt The organisation was first registered as an independent ch3rity on ￿ May 1993. On the 17th October 2W13 the organisation changed its constitution and became a c¢Jtnpoty lim[￿d by guaraThte£ The organisation adopted a Memorandum of Association whÈch esta￿l$hed the ttrbjects and powef5 of the charity and is governed under 115 Articles of ASS￿￿?ti0n. In the event of the company beiNJ wound up mEmbers required to contribute an anY)unt not exceeding ÉL The IWSte￿ who are a150 the direttor5 fDr putP05e of comparry law. and who served during the year and up to the date of signaturp ofthe finarKial staten￿We￿.. Mr Paul Fra￿ Chair Mr Mike Devlin, Treasurer Mr Stephen Quiddington Mr Peter Elsworth Mr Liarn Good Mrjohn King Drjoanna LaTrJ Ms Katherine Scutt Mr Sean Bolton Mr Robin Kember {App(Mnted 20 Juty 20231 IResigned 20Juty 20231 IResMJn&4 20Juty 2023) IReswJrted 20Juty 2023) IResKJned 20 Juty 2023) IResKJned 20 20231 IResKJned 20 ju￿ 20231 (ResKJned l May 2024) Recmthwitandapwnthentoltnths The dirertors of the company are also charity trustees for the purpose of charity law and under thè companls Articles of Association the members of the b0￿d Dwst retire from the cornmitteq if tw ￿5h to continue to Se￿ they can offw themsefves for re-ele£tiorL AGE UK DACORUM TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MAR012024 Trustee (Ddu¢tlon and Trainiry New T￿SteeS are introduced to the charity by meelings the Chair and Chief ExKLrfNe Whe￿ tw are brief• on the wothngs of the tharity and their responsibilities. They a￿ then invited to attend a Carr￿￿1(ee meeting as an observer. Trustees are then given an iThlucLK)n pack that bndudes detsi15 ofL Role description Code of Prnctice Annual Report Annual accounts Introduction of Board Members Guide to Serwces and a history of Age UK List Ekf forthcoming meetings Business Plan and Insurance Covernye Policie5 and Procedures All about Age UK Dacowtn and Falerat￿n Legal responsibilities Declaratron of Comrntttnent Companies House Fomi APOI OnJani5ational Chart Feedback from Trustees on the induction pxk has been very positN& Trustees are encouraged to attend ppropllate training and nettvork eventsto assist them in their r . What th• Trustees do In addition io attendiNJ quarterty board meeti¢vJs to undertake the govemarKe of the Oryan￿atIorn iThliwdual Trustees.. Represent Age UK Dacory￿ at corrfe￿n¢eS a￿1 group meetiry5 Chair selection panels and interview5 Sign ckwue5 and legal documents Oversee the preparation of the Trustees Annual report SuppDrt and oversee fundraising Ktmt Rlsk MaMg•ment Thè management committee has conducted a revtew of the major risks to wh￿h the charity 15 exposed. A risk register has been established ond is uwjated annualty- Whwe appropriaty systems or procedures have been established to mitigate the ￿kS the charity face5. This has led to the oryani5atiDn Imp￿menti1￿j a system of emergency procedures and conlingency plan& Pr(Kedures are in place to ensure compliance with h<h and safety of staff, V0￿￿teerS and dients. The charity continues to adhe￿ to Age UK Federation Quality Counts to ensure consistent quality of ddivery for all operational aspe£ts of the charity. A key element in the management of financial risk is the contsnued working with an indepe￿nt ￿ju￿ti￿3 servits and the setting of the reserves policy and its regular reviv￿ by the TnJ5tee Board. . Related Parties The organisation 15 part of the Age UK Federat￿Th and works within that Str￿4￿ localty, iegionalty and nationally to sUp￿rt older people and to ensu￿ that the i55ue5 and the VOKes cf older people are heard. The organisation has 4 working relationship with a wide range of organisation's from the voluniary. private and 5tstuiDry SKtor. This includes HertFord5hire County Council and DacoNm Borough CourTrcil who provide financkil supwrt along %*ith workitwJ in pattrership with us to improve a￿1 devekjp ourservices for olderpeople. AGE UK DACORUM TRusfEES' REPORT UNCLUDING DIRECTORS. REPORT) (CONllNUED) FOR THE YEAR EAIDED 31 A4AR012024 Ststement ot TA￿te0$. Respon%iblities The Tru5tee5 Iwho are alsD the directtys of the CorTyny fDr the purwses ol company Iwl are responsible for preparing the Trustees. report and the fina￿la1 5tstements in accordance with applicab￿ law Unltal Kingdom Accounting Stsnd3rds (United Kin9dom Ge￿rallY Attepted Accounting P￿b£e}. Company law requires the twstees to prEpare finanaal statements for each fina￿la1 year. UTrJer mmp?ny law. the Truste?5 must not approve the finanaal 5tstements unkn ty ¥e satisfied that they give a true and fairview of the State of affai￿ of the company and of its incoming resour￿$ aTrJ ap￿￿8t￿n Of WE50UTC4 including its income and expendituw for that perbj. Jn preparing these fir4ncial ststements re required to.. Select suitsbje accounting polic￿ and then appty them consistent￿. Obsetve the methods and principks of the Chartties SORP (FPS 102),. Make judgments and acco)untiry estimates that are wsonablp and ￿ent State whether applicable UK Accounting Stsndards IFRS 102) have beeTh followed, subject to any material departures disclosed and explained in the finantfdl siaternent4 Prepare the financial Statements on the going Col￿e￿ bas￿ Unl?￿ it is inappropriate to presun* that the Company will continue in busine The Tiustees are re5pon5ible for keeping &Jequate accountiThJ records that are wffKient to show and explain the Company's transaction5 and d￿CloSe with ￿0$o￿able ￿CuraCY at any time financial pOsit￿n of the Company and enables them to ensure that the financial SÈatern￿ compty with ￿ Compan￿$ Act 2006. They are als responsible for safeguarding the a55ets ¢Jf Company and hen￿ for tsknryj wsonable steps foi the prevention and detection of frawj and other irregularit￿. Dixlogur• of Ib)lorm*tk+n ts Independent exarniner Each ofthe persons who are Trustees at the tim? when thi%TA￿. report is apFYoved has conffirmed that.. So far as that Trustee is Jwaw the￿ ts ￿ relevant inlDnnation ofwhth the charws independent examiner is unawore, and That Twstee has taken all the steps ought to have been tsken as a Tnjstee in ordei to be awaie of any levant a￿litiOn infonnation and to eStr￿lsh that the c￿ri￿$ iwjependent eXam1r￿ is aware of that information. Independent wminp The prewous Auditors Hillier Fk)pkins resvjned on 20llV2023. Myers aark were appointed as independent examiners on OV05r2024. The designated Trustees wll propose a ￿￿tion reappoirttir4 the independent examin&rs at a meeting of the TtU5tee5. The trustees. reportwas approv&1 by the Board of Twste Mr Paul Fran4 Chair Chalr AGE UK DACORUM INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AGE UK DACORUM I report to the trustee5 on my e%amination of the finarThl statements of Age UK Dacomm (the charitable compaThy Icompany number 04723614.. Chartty number 109815011 for the year eTrJed 31 March 2024. R¢sponslbllhle5 and bas￿ of r•port As" the trustees of the charitable cornpary land a150 tts directcprs for the purposes of company law) you a responsible for thE preparation of the finaThci?l *tements in ￿rdar￿ *ith the requirements of the Companies Art 2006 (the 2006 Act). Having 53tisfie(I myself that the finaKial ststements of the dkarttable cornpary a￿ not requir&1 to be audited under Part 16 Df the 2006 Act and are eligible for indepetKlent examinatiory I repLXt in respect of my examination of the haritable companls financial statern2nts carrie£l out under secbon 145 of tl* Charities Act 2011 (the 2011 Actl. In carwng out my examination I have foltoMEd all appli¢3ble Dire£bons 9Nen by the Charity CommissKJn under section 14515llb} of the 2011 ACL Independent e]￿MIne¢S 5tstèment Since the charitsble companls gross inco￿￿ exceeded £250.CIXI ycwr examEr￿ must be a n*mEer of a body listed in sertion 145 c)f the 2011 Act I confirm that l am qualrf*d to uThJertake the eKarninat￿n because I am a member of the Institttte of Chartered AC￿untsnts in England and Wales whith ￿ one of the listed bodie I have completed my examination. I confimi that no mattets have come to my attention in connKtion the examination giving me cause to believe that in any material resF*rt accounting ￿ordS were Thjt kept in respect of the cha11tab￿ company as r4uired by section 386 of the 2006 Act or the finatKial statements do not accord with those records or the financial statements do not compty wtth the accountirMJ requirements of section 396 gf the 2006 Act other than any requirement that the accounts gNe a true and tsirviw which ￿ nol a matter mnsidered as part of an independent examination., or the financial staiements have not I￿n prepafftl in accordarKe with methods and principles of the Statement ol Recornmendgj PractKe for accountiry and reporknry by chèrityes applicable to Charl￿eS preparing their accounts in accordarKe wtth the Fina￿131 Reportiry 5tsTh4ard applicable in the UK and Republic of Irdand IFRS 102). I have no eonterns and havt come across no other matters in conwdk)n *ith the exarllination to which attenlitin should be diawrL in this report in order to enable a proper under51andirvJ of ￿ financial ststements to be reache(L Pad Windmlll KA Myers Clark Chartered Accountsnts Egale I 80 StAlbans Road WatFDtd HertFordshire WDJ7 IDL Dated....a&.J.L.:..Eo AGE UK DACORUM srATEMENT OF HNANCIAL AcfivmES INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEARENDED 31 MARCH2024 Total funds 2024 funds 2024 funds 2023 funds 2023 2024 2023 Notes Ib*omè from: Donations and legacles Charitsble activit*5 Othertrading activiti&% Investments 91291 57518 1371 433 91291 65Q148 1371 433 25.435 125.445 5.104 502 21460 591.853 47,855 717,298 5,104 502 591630 Total Incom• 151613 591630 745,243 156A86 614313 770,799 Expenditur• on: Raising funds Charitable aCt￿ltieS Transfer of reserves to Age UK HertFordshire Other eypeF¥Jiture 1235 231091 L235 6347n 43.347 20&999 5fAi670 43,347 769,669 406.681 498.998 15,136 498.998 15.136 12 Totsl exp•ndltur• 747A60 406.681 L154,141 251346 560,670 813,016 Net Incom*/lexpth)dltyrn) 1594.84n 18&949 {4048981 (95.8601 53.643 {4Z217) Transfers b*￿e￿n fvnds 333.045 [333.0451 IL563 {IL563) Net movement funds I261￿2} 1147m6) (40&8981 184.29T) 41080 1412171 R¢concHlètlon of fundv. Fund balances at l April 2023 273.422 147A 42a518 357.719 105.016 Fund balances at 31 Ma￿h 2024 11.620 IL620 273A22 147.096 420.518 The ststement of financial actNities indude5 all gains arxt k)sses recognised irh the year. All income and expendi￿re derNe from continuing ￿tiV￿e> AGE UK DACORUM BALANCE SHEET ASA r31 MARCH2024 2024 2023 Notss Flxed asset5 TaThJible a55ets 14,9)2 Current assets Debtors Cash at bank èThJ in ha￿1 15 LL852 155,163 89.463 34L248 I67￿15 430,711 cmd1to￿. falllny du• wlthln ¢)ne 16 {155.3951 125,0951 Nèt current Jssets IL620 405,616 Totsi Jssets less current li?bifrtl•s 116x1 420518 Nel a55ets •xcluding pthslon Ilablllty IL620 42Q518 The fund5 vf th¢ tharttable tompa Restricted fvnds UnTestriEted funds 147.096 273322 11620 IL620 420.518 The company is enti￿e￿ to the exernpt￿n from the audti require[T￿￿ c0ntsn￿ in 5ectwJn 477 of the Companies Act 20￿ fort￿year e￿Ied 31 March 2024. The diTect015 acknowledgè their ￿ponsibIlitieS for tomplyrKJ with the requIren￿Trts of the Companies Art 2006 ith respect to acwntirg records aThJ the p￿paral]0￿ of finanoal staterront The member5 have not required the company to obtsin an audit of its finaTrial 51atements for the year in question In accordance wth section 476. These financial ststement5 have been prepared in accordarKe wrth the pT0V￿1￿ appluble to companies subJ￿t to the srnall companies re9ime. The financial statements were approved by the InJstee5 0n.- Mr Paul Fran4 Chair Chalr Company regi5trdtion number04723614 {ErvJiand Wales) AGE UK DACORUM srATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH2024 2024 2023 Cash flows from opernting •clivities Cash absorbed by operatio 21 084.218) 169,0421 tnvestlbvj a¢tlvltl*s Purchase of tsngible fiyed assets Investment income le￿ived 3Crf 433 502 Nqt ￿5h {u5ed inllgenerated from Ibwèstlny atrfvhlls (L86 502 Net cash used In Ilnanclng •¢tl¥itles N•t dq£rea5e In rash and cash eqUI￿lents I￿085) 16&5401 Cash and rash equivalents at beginniThJ of year 34L248 409,788 C•5h and cash equfvalents at ond ot year 155.163 341,248 AGE UK DACORUM NOTES TO THE FINANaAL sfATEMENTS THE YEAR ENDED 31 AIAROIX124 Accounting polkl•s Charity InfOrn￿tIon Age UK Dacorum 15 a cDmp3ny IiTnited by guarantee Ir￿OrpOra￿ in Eryla[￿ atKI Walek The r￿IStered office is Hall Moon Yard. High StreeL Hemel Hernpstead Hert% HPI 3AL IJ Accounth9 con¥entlon The ffinancial statements have been prepared Kn ￿corda[￿e with the charitsble company's govemi dtscumenL the Companie5 Act 21J)6, FRS 102 Yhe Finantial Reporbry Slandard applicable in the UK arKI Republic of knland" I"FRS 1027 awKI the Charities SORP 'AccountiTvJ and Reporting by Charttie¥ Ststement ef Recommended Practice applicable to d￿ritIeS preparing their accounts in accordan￿ with the Financial Reporting Stsndard appficabte in the UK and RepublK ollrelar*4 IFRS 102). leffettN¢ l January 20191. The charitsb￿ company is a PublK Benefft Entity a5 defined by FRS IOZ The financial State￿nts are prepared in 5te¥liry which 15 the lu￿t￿7n37 ojrrety of the char[tab￿ cornpany. Monetary amounts in these financial ststernents are rounded to the neare51 L The financial ststen*nts have been prepared under the histoiical cost convention. The principal accounting policies adopte(l are set out behw. L2 Golng concern At the time of approvirg the financial ststements the trustees a r￿SOnable expectation that the charitable company has *I￿uate resources to continue in operat*Jnal exstence for the foreseeable fv￿re. Tlws the trustees continue to èjopt the goiNJ concem basi5 of accountiri9 in preparing thE financial statemen 1.3 Ch•ritsble funds General funds are unrestrictoj funds whKh are 3vaiL?b￿ for use at the discretion ol the twstee5 in furtherance of their charitable Dbjectives which have not been designated for any other purposes. Designated funds comprise unrestric￿ furKls trkqt have been aside by the Trustee5 for particulaT purpose& The aim and use of &ich de5iynate(I fund is setout in ts notes to the financial statements. Restrirted fijnds ar• subject to S￿OfiC condrfions by donors or grantors as to trM)w thvy may be used. The purposes and uses ofthe r*strKted a￿ Set in tt* notes to thefinancial statement& Investment income* gains and losses are alkwr. other debtors IL852 89.463 16 Cr•dIto￿. amounts fallry due wlthln on• >wr 2024 2023 Othèr taxation and soc￿1 seLurity Other c￿dItorS Accruals and defeTred irKome 5.362 4971 14 20.110 150.033 155.395 2S,09S 17 R•tlr•m•nt b•ngfrt schemes 2024 2023 D•fined (ontrlbution schom Charge to ststement of financial thit*s in respect of defined contribut￿￿ scheme5 14,426 The charitablt company operates a defined contribJtw)n pension thme for all quaftyry employee5. Th8 assets of the scheme are held separatrty from those of the chwitablè coryary in an Indepe[￿enIty administered fu￿1. AGE UK DACORUM NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) R?R THE YEARENDED31 A4ARCH2024 18 R05tActed funds The restricted funds of the charty comprt5e the unexpended balance5 of donatw)ns and grants hek4 on trust subjett to speciFic condthon5 by donor5 as to how tw may be used. At IAprbl IncoThiry Re50urce5 2023 yes0￿0$ expended Trnnsf•rs At 31 March 2024 General ComrnuntySupwrt& Independent Living hAinibu5 donation Young at Heart 591630 1406.68 1185,9491 39.170 13230 94,696 139.1701 1132301 194.6961 147,096 591630 14W8 1333,¢M51 Pre¥ioys year. At l Apdl Jncaming Re￿ur 202Z resource5 expendèd Trnnsfer5 At 51 2023 Core Community Support I￿lependent Dementia GorKI NeKJhbtyJrs Minibus donation NHS support service Young at Heart Fundrai%rk3 169.tx)2) I1￿,%2) (25,7581 19,68n {1.169} 15.670} 1275.20 158,064) I￿0) 40.CQ2 [22,4531 {3,6141 1.227 11761 31386 145,199 29.372 39.170 L345 13.230 301757 99,030 {2A5491 53.730 94,696 105.016 614313 1560,670) IIL5631 147,096 -21 AGE UK DACORUM NOTES TO THE FINANCIAL sfATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 19 DÈslynatsd and U#restsltt•d funds The unrestricted funds of the charty comprBe the unexpended babrKesof donations and grants which ale not subject to specific Conditions by donor5 ar￿ grantots a5 to Fvjw tly may be used. These indude designated funds %th¢ch have been set aside out of Unre5trIrt￿ funds ty the trustee5 for specific purpose& At l April Incomln9 Resourc Transfers At 31 March 2024 De51gnaltd funds Trustee Development fvnd Redundancy fund 8&954 186.9541 IE4,OCrf)I Genernl fund5 General FurKls- all fur 171468 151613 (747.460) 433.999 IL620 Totsl unre5tiicted funds 273,422 151613 (747.460) 333,045 IL620 Prt¥lous yw. At l Aprbl tn¢•miry ResourEe5 Trnnsfers At 31 M#rth 2022 resourus •xpended 2023 D•slgn•t•d Iwxts Trustee [Mlop￿￿ntfuThj RedundancyfuTyJ 86.954 14(XX) 86,954 14,000 Genernl fvnd5 General Funds- all fvnd5 256,765 156.486 P51346) IL563 171468 Total unrestricted funds 357.719 156,486 Q5Z346) 11.563 273.422 20 Anal￿￿ o* n•t wets betwe8n Vnrtrtrltted R•strlrt fvnds 2024 Total 2024 2024 At 31 March 2024. Current assewoiabilitiesl IL620 IL620 11620 IL620 AGE UK DACORUM NOTES TO THE FINANaAL sfATEMEKrs (coMriNUED) FOR THE YEAR ENDED 31 MARCH2024 20 Amlysls of net Jwèts between (Continued) Unrertrlrtèd Restricted fvnds fvnds 2023 2023 Total 2023 At 31 Marth 2023: Tangible assets Current assets/oiabilitiesl L672 27L750 13,230 133.866 14,902 405,616 273A22 147,(B6 420,518 21 Cash 9enernlÈd Irom operatlons ZOZ4 2023 Deficit forthe year {40&898) 141217) Adjustments for Inv@stment income wognised in $￿t￿￿ent0f financial acm Loss on disposal of tsngible fixed assets Depreciation and impairrnent of ￿g[ble fwl assets 14331 15.136 15021 7.392 Movements in capital.. DecreaSe/linC￿se1 in debtors Increase in creditOTS 77.611 130.300 14L05n 7.342 Ca%h ibsorfo•d by op•ratlons 1184,218) 169,0421 22 A￿￿15 01 tha￿¢$ In nèt luN15 AtIAwO 20U Cath 110￿ At 31 March ZOZ4 Cash at bank and In hand 34L248 I1￿085) 155,163 34L248 IIW851 155,163