REGISTERED COMPANY NUMBER: 08368903 (England and Wales) REGISTERED CHARITY NUMBER. 1153443 Report of the Trustees and Unaudlted Flnanclal Statements for the Year Ended 31 March 2025 For Dacortlum Monico Tunley Limited 19 Goldinglon Road Bedford Bedfordshire MK40 &iY
Dacortlum Contents of the Financlal Statements forthe Year Ended 31 March 2025 Page Report of the Trustees 1to3 Independenl Examlner's Report Slatement of Financial Actlvities Balance Sheet 6107 Notes to the Financial Slatemenls 8t012 Detailed Statement of Flnancial Activities 13
Dacortlum Report ol the Trustees for the Year Ended 31 March 2025 The liuslees, who are also direthors of the charity for the purposes of the Companies Acl 2006, present thelr report wilh Ihe financial statements ol the charity for the year ended 31 March 2024. The financlal statements comply wtth the Charitles Act 2011. the Companies Act 2006, the Memorandum and Articles of Association, and the charities Slalement of Recommended Practice {applicable lo charities preparlng ihelr accounts In accordance wllh the Financial RerAJrting Standard applicable in the UK and Republic of Ireland,. FRS 102> Issuod In October 2019. OBJECTIVES AND ACTIVITIES ObJecllve8 and aims Dacortlum exlsts to enhance the efficiency and Impact of charitable work carried out by not.for-profit organlsaiions, voluntary groups, and charilies operaling within Dacorum and beyond referred to as °Area of Beneflt. The Charity also seeks to advance public educallon for Indlvlduals In the voluntary arKJ nol-for-prolit sectors wilhin this area. Dacortium provtdes a collaboratlV8 tramework that 8nabl8S Its members lo jointly pursue and manage contract opportunilles allgned wlth their expertise and capaclty. In setting our objectlves and plannlng lulure actlv511es, the Trustees have taken into accounl the Charity Commission's general guldance on publlc benefil.. Actlvllles and performance Establlshed in 2013, Dacortium was created to loster collaboraiion among voluntary sector organisalions, partlcularly In responding lo publlc sector lender opportunities. Originally comprising 10 member or9anisations at Ihe lime of formation Dacortlum, membershlp has evolved over time. Durlng 201812019 the Voluntegr Centre c8as8d operations and Iransferred Its s&rvices to Community Action Dacorum, Ag8 UK Dacorum and Signpost Youlh Counselllng SeNices also withdrew from membership wlth latter merging with Walford YMCA o form Slgnpost YMCA. . Dacortium continues to play a key role In dellverlng servlces under the Hertfordshlre Hospital and Communlty Navigation Servic8 IHCNS), a counly-wide partnership of voluntary organisations offering Inlegrated social prescrSblng support through the deploymenl ol Community Link Workers across hospltaSs and communSiy selllngs and the delivery of various speclallsi projecls. In addition, Dacortlum holds contracts wllh three Dacorum based Primary Care Networks (PCNS) for Ihe delivery ol a GP Link Worker so¢lal prescrlblng services which integrales with the work of HCNS. Publlc benefll The Trustees have confirmed Ihat they have complled with the duty in section 17 of Ihe Charilles Act 2011 to hav& due regard to publlc benelil guidance published by the Chailty Commlssion. The trustees have recognlsed the Iwo prlnclples of publlc benefit and believe that Dacortlum meets them. Flnanclal revlew During the year Income of £172,991 was received from Watford and Three Rlvers Trust (2024: £84,070), £162,347 Irom local Prlmary Care Networks (2024: £143.769) and £4,600 trom Hertfordshire Communlly Foundalion (2024.. Nil). No Incom8 was received was recelved under the Hertlordshire County Councll Comrnunily Navlgator projoci <2024: £72,456). There were no other sources of Income In the year. Total expendlture for Ihe year was £293,637 (2024: £257,564). Th8 cosls associated wilh the project amounled lo £293,073, primarily payroll costs and are all reslricled. Unrestricled costs for maintainlng and operallng the charity were £564. Flnanclal and rlsk management oblecllves and policles The Irusiees monilor Ihe financial risk associated with Ihe a¢iivitles. For the year ended 31 March 2025 Dacortlum's sole actlvities wero the dellvery ol the HCNS and GP Link Worker conlracts. Currenl conlracts will remain active until 31 March 2026. Page 1
Dacorllum Report ol the Truslees for the Year Ended 31 March 2025 Reserves policy The trustees wish to build resewes to a level that will cover overheads for al least six monlhs in the event of windlng up the charity. Al the year end, Iree reseNes amounted to £122,775 (2024: £74,108>. STRUCTURE, GOVERNANCE AND MANAGEMENT Slructure and governance The charlly is controlled by Ils goveinkng document, a deed of trust, and constitutes a limited company, limited by guarantee, as delined by th& Companies Act 2006. Dacorflum Is a registered charitw and company limited by guarantee whlch operates in line wlth its m6morandum and articles ol association. Membershlp of Dacortium is sublect lo an appllcatlon process. Organisatlons must ellher meet deflned criterla or demonslrate the abilily to do so within Iwo years, in which case Ihey join as an Associate Members. All current members (see Ilst below) are filll memb8rs. Thèse are entllled to nominate a representa15ve for electlon a8 one of elght "member rapresentalives" on the Board of Directors. Up to four Independent Dlrectors may also be elected. and the Board is able lo co-opt further Directors. The Dlreclors, as Trustees ol the Dacortlum charity, are charged with the governance of Dacortium. Curr8nl lull members comprise.. The Hem81 H8mpsiead Day Centre Dacorum Councll lor Voluntary Servlce Citizens Advice Dacorum DENS Limited Drijglink Mediation Herlfordshlre Llmlted Relate London North West, Hertlordshlre, Mld Thames & Bucks Plans lor Ihe fulure The focus of Ihe Trustees In the financial year 2025126 will be to: Conduct a slralegic review of membershlp, acllvilies and contracls held by Dacortlum. To secure Ihe renewal ol exlstlng conlracls. Ensuring hlgh-quallty delivery ol exSsling contracls and maintalnlng strong customer feedback. Enhancing skills and expertlse In areas such as soclal prescribing and communlty health and wellbeing. Continue to seek opportunllies lor providlng seNlces under conlract whl¢h utlllse members, expertlse and experlence of local needs. REFERENCE AND ADMINISTRATIVE DEfAILS Reglsiered Company nu mbei 08368903 (England and Wales) Reglstered Charliy number 1153443 Reglstered otflce 48 High Strèet Hemel Hempslead Hertlordshire HP13AF Page 2
Dacortlum Report of Ihe Trustees lor the Year Ended 31 March 2025 REFERENCE AND ADMINISTRATIVE DETAILS Trustees S P Aulton Ms.L C Anderson Ms W Lewinglon (appointed 19 December 2024) M A Moore D J Swarbrick Independent examlnor Loulse Tunley FCA CTA DChA Mohico Tunley Limiled 19 Goldlnglon Road Bedford Bedfordshlre MK40 3JY This report has been prepared in accordance wilh the speclal provisions of Part 15 of the Companies Act 2006 relaiing io small cornpanles. Report of the Irustees, Incorporatlng a strat6gic report, approved by order of the board of Irustees, as the company directors, on 1 December 2025 and signed on Ihe board's behalf by: M A Moore- Trustee Chalr Page 3
Independent Examlner'$ Report 10 the Truslees of Da¢ortlum Independent examlner's report to Ihe Irtsslees of Dacorllum ('the Company.) I report to the charity trustees on my examlnalion of the accounts of the Company for the year ended 31 March 2025. Responslbllltles and basls of reporl As the charlly's trustees of the Company {and also Ils directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance wilh the requirements ol Ihe COpanieS Acl 2006 {'Ihe 2006 Acl,). Havlng satlslied myself that the accounts of the Company are not requlred to be audlted under Part 16 of the 2006 Acl and are eligible for independent examination, I report in respect of my examination ol your Charlty's accounts as carried out under section 145 01 Ihe Charities Act 2011 {'the 2011 Act,). In cariylng out my examlnation I have followed the Dlrectlons glven by the Charity Commission under section 145(5) (b) of the 2011 Act. Independeni oxamlner's st¥lement Slnce th9 charlty's gross income exceeded £250,000 your examiner musl be a member of a body lisled in section 145 of the Act. I confirm that l am qualified to undertake Ihe examination because l am a member of Ihe.Inslllule of Chartered Accounlants in England and Wales, which is one of th8 Ilsled bodles. . I have completed my'examination. I confirm Ihat no matters have come to my altenllon In conneclion,wilh the gxamlnation glving me cause to believe: accounllng records weie not kept in resp1 of the Company as requlred by secllon 386 01 the 2006 Aci., or the accounts do not accord with those records; or the accounls do nol comply wllh the accounllng requlrements of section 396 of the 2006 A¢1 other than any requSrement that the accounts give a irug and fair view which Is not a maller considered as part of an Independent examination; or the accounts have not been prepared in accordanco with the methods and prlnclples of the Slatement ol Recommended Practice lor accountlng and reporting by charities appllcable to charltles proparing thelr accounts in accordance wilh the Financlal Reporting Slandard applicable In the UK and Republi¢ ol Ireland {FRS 102). I have no concerns and have come across no other rnalters in connection wlth the examlnallon to whlch attention should be drawn in thls report in order lo enable a proper underslandlng of the accounts lo be reached. Louise Tunley FCA CTA DChA ICAEW Monlco Tunley Limlted 19 Goldlnglon Road Bedlord Bedlordshlre MK40 3JY 1 December 2025 Page 4
Dacorllum Slatement of Flnan¢lal ActivSties for Ihe Year Ended 31 March 2025 31.3.25 31.3.24 Restricted Total funds Total funds fund Unrestricted fund es INCOME AND ENDOWMENTS FRODA Chariiable activities Herts CC -'Community Navlgaior 49,231 290,707 339,938 300,295 Investment Income Toial 49,231 290.707 339,938 300,295 EXPENDITURE ON Charltable acllvllles Membership subscriptions Horts CC - Communlty Navlgaior 564 293 073 293 637 257 564 Total 564 293,073 293,637 257,564 NET INCOMEI(EXPENDITURE) 48,667 (2,366) 46,301 42,731 RECONCILIATION OF FUNDS Toial funds brought foryi8rd 74,108 139,290 213,398 170,667 TOTAL FUNDS CARRIED FORWARD 136 924 259 699 213398 The notes form part of these financlal statemgnis Page 5
Dacortlum Balance Sheel Al 31 March 2025 31.3.25 31.3.24 Restricted Total funds Total funds lund Unrestricted fund Not CURRENT ASSETS Debtors Cash at bank 343 134 232 16,343 120,581 18,686 254,813 12,756 222 227 134,575 136.924 271,499 234,983 CREDITORS Amounts falling due wilhin one yaar 10 (11,800) (11,800) (21 ,585} NET CURRENT ASSETS 122 775 136,924 259,699 213 398 TOTAL ASSETS LESS CURRENT LIABILITIES 122,775 136,924 259,699 213,398 NET ASSETS 122 775 136 924 259 699 213 398 FUNDS Unreslrlclgd funds Restrlctod lunds 122,775 136,924 74,108 139,290 TOTAL FUNDS 259,699 213,398 The noies form part of these linanclal statements Page 6 conlinued,..
Dacortlum Balance Sheet- continued At 31 March 2025 The charltable company is entitled to exempiion from audit under Sectlon 477 of the Companles Act 2006 for the year ended 31 March 2025. Thg members have not required the company lo oblain an audit of ils linanclal statemenls tor the year ended 31 March 2025 in accordance wllh Section 476 of Ihe Companles Acl 2006. The trustees acknowledge Iheir responslbilities lor {a) ensuring Ihat the charitable company keeps accounting records thal comply wilh Secllons 386 and 387 of the Companles Act 2006 and Ib) preparlng financial stalements which give a true and fair view of th8 State of allalrs of th8 charltable company as al the end of each tinancial year and ol its surplus or deflclt tor each flnancial year in accordance with the requiremenls of Sections 394 and 395 and which olhenvlse comply wilh the requlrements of the Companles Acl 2006 relatiro to financial statements, so far as appllcable to the charitable company. These financial stalements have been prepared in accordance wlth the speclal provlsions ol Part 15 of the Companies Acl 2006 relallnts to charitable.small compani8S. .The financial statements were approved by the Board ol Trustees on 1 December 2025 and were slgned on Its behalf by: M A Moore - Trustee The notes form part ol these financial statements Page 7
Dacortlum Noles lo the Finan¢lal statements for Ihe Year Ended 31 16qarch 2025 GENERAL INFORMATION The charlty is a private company limited by guarantee, regislered In England and Wales and a registered charity in England and Wales. The address of the registered officg is 48 High Slre8t, Hemel Hempslead, HP13AF. The company does not have a share eapital. As stated above the Company Is Ilmited by guarantee of tho members to a maximum of £1 each. ACCOUNTING POLICIES Basls of preparlng Ihe Ilnanclal Sialements The charitable company constitutes a public benefit entity as defined by FRS 102. The linancial statements have been prepared in accordance wlth Ihe Charltles.. Statement of Rocommended Practlce (applicable to charlties preparing their accounts in accordanc8 wllh the FlnancSal Reporllng Standard applicable in the UK and Republlc ol Ireland (FRS 102>} (Issued In October 20191 {CharllSes SORP {FRS 102)). the Financial Reporting Standard appllcable in the UK and Republic ol Ireland (FRS 102) and the Companies Acl 2006. Golng Conoern There are no materlal uncertalnlles aboui the charity's ablllly to contlnue as actlvllles can continue at the level they aro supported by the Income ol the charlty. Income All Incoming rosources are included in the slatemenl of fSnancial aclivilies when entltlement has passed to Ihe charity: It Is probable that the economlc beneflls assoclated with Ihe Iransactlon wlll Ilow to the charity and the amount can be reliably measured. The following sp6clfic pollcies are applied lo partlcular categories ol Income: Income from donallons or granls Is recoonlsed when there Is evldenc8 of enti11gm8nt lo the glft, recelpt Is probable and Ils amount can be measured rellably. legacy income Is recognlseij when recelpt Is probable and entltlement Ss established. Income from donated goods Is measured at the fair value ol Ihe goods unless this Is Impractical to measure rellably, which case the value is derived from the cost to the donor or the esllmated resale value. Donated facllitles and services are recognlsed in the accounts when received il the value can be reliabSy measured. No amounts are Included for the conlrtbulion of general volunteers. Income from conlracls for the supply of serilces Is recognlsed wllh the dellvery of the contracted serv5c6. Thls is classified as unreslricted funds unless there Is a conlraclual requlremenl for11 to be spent on a particular purpose and relurned if unspent, in which case it may be regarded as restricted. Expendllure Llabllllles are recognlsed as expenditure as soon as Ihere is a legal or constructive obligatlon commilting the charily to Ihal expenditure, It is probable that a transfer ol economlc beneflts wlll be required in settlemenl and the amount ol the obligation can be mgasured iellably. Expenditure is accounted for on an accruals basls and has been classifled under headings that aggregate all cost relalad lo the category. Wh8r8 costs cannot be directly attributed to partlcular headlngs they have been allocated to aclivllles on a basis consistenl with Ihe use of resources. Taxation The charily Is exempt from corporation tax on lis charltable activities. Page 8
Dacorlium Noles lo the Financial Slalemenls- contlnued for Ihe Year Ended 31 March 2025 ACCOUNTING POLICIES- ¢ontlnued Fund accounling Unrestricted funds ¢an be used in accordance wilh Ihe charitabl8 objectlves at the discretion of the Iruslees. Designated funds are unreslrlcted earmarked by the trustees for particular future project or commilmenl. Reslricted funds can only be used lor particular reslrfcted purposes wilhin the objects ol the charlly. Reslrlciions arlse when specltied by the donor or when funds are ralsed for particular restricted purposes. Further explanation of the nature and purpose of each fund is included In the noles to the financial statements. Penslon costs and other posltyrellr8menl benefils The charltable company operates a deflned conlrlbutlon penslon. scheme. Contrlbutlons payable to the charilable company's penslon schemo are charged to the Statement of Financial Activities in the perlod to which Ihey relate. INVESTMENT INCOME 31.3.25 31.3.24 Deposlt account Interest SUPPORT COSTS Governance Costs Managemenl Totals Membership subscrlptlons Herts CC - Community Navlgator 293 072 636 293 708 293 072 636 293 708 NET INCOMEI{EXPENDITURE) Net Income/(expendllure) Is slated after chargin{CredIting). 31.3.25 31.3.24 Independent 8xamlners fees 540 540 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or olher benefils for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees. expenses There were no trustees. expenses paid lor the year ended 31 March 2025 nor for the year ended 31 March 2024. Page 9
Da¢ortlum Notes to the Financlal Slalements- contlnued lor the Year Ended 31 March 2025 STAFF COSTS Total staff costs for Ihe reportlng period are as follows: 31.3.25 31.3.24 Wages and salarles Social Security costs Pension costs 246,731 14,928 4.548 228,243 9,902 4.007 266.207 242 152 The averaga monlhly number of employees dur5ng the year was as follows: 31.3.25 31.3.24 Navlgalor project No employees recelved emolumenls in excess of £60.00012024: nono). COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslrlcled fund Reslrlcted Total funds lund INCOME AND ENDOWMEfrrrs FROM Charitable a¢tlvllles Herts CC - Communlty Navlgator 19,611 280,684 300.295 Investment income Total 19,611 280,684 300,295 EXPENDITURE ON Charltable actlvllles Memb8rship subscrlplions Herts CC - Communlly Navigator 514 257 050 257 564 Total 514 257,050 257,564 NET INCOMEI(EXPENDITURE) 19,097 23,634 42,731 RECONCILIATION OF FUNDS Total funds brought forward 55.011 115,656 170,667 TOTAL FUNDS CARRIED FORWARD 139 290 213 398 DEBTORS: AMOUNTS FALLING DUE wfTtriN ONE YEAR 31.3.25 31.3.24 Other debtors Page 10
Dacortlum Notes lo the Flnanclal Statements- conllnued for Ihe Year Ended 31 March 2025 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Other credltors 11,800 11. MOVEMENT IN FUNDS Net mvement In funds At 1.4.24 Al 31.3.25 Unresirloied funds General fund 74,108 48,667 122,775 Reslrlcled fund8 Herts CC - Communlty Navigator 139,290 (2,366) 136,924 TOTAL FUNDS 213 398 46,301 259,699 Nel movement in funds, Included in Ihe above are as follows: Incomlng resoufces Resources Movement in expended lunds Unreslrlcted funds General fund 49,231 (564> 48,667 Reslrlcled funds Herts CC - Community Navigator 290,707 1293,073) (2,366> TOTAL FUNDS 339 938 {293 637> Comparallves lor movemenl In funds Nel movement In lunds At 1.4.23 Al 31.3.24 Unreslrlcted Funds General fund 55,011 19.097 74,108 Reslrlcled Funds Herts CC - Communliy Navigator 115,656 23,634 139,290 TOTAL FUNDS 170.667 42.731 213398 Page11
Dacorlium Noles lo Ihe Flnan¢lal Slalements- continued lor the Year Ended 31 March 2025 11. MOVEMENT IN FUNDS- conlinued Comparativ8 net movemenl in funds, Iluded in the above are as follows: Incoming resources Resources Movement in expended funds Unresirlcted funds General lund 19,611 (514) 19,097 Restrlcled lunds . Harts CC - Communlty Navigator 280,684 {257.050} 23,634 TOTAL FUNDS 300 295 {257.564 12. RELATED PARTY DISCLOSURES There were no related party transacllons for Ihe year ended 31 March 2025. Page 12
Dacortium Detalled Slatemenl of Finanelal Acllvilles lor lhe.year Ended 31 March 2025 31.3.25 31.3.24 INCOME AND ENDOWMENTS Investment Income Deposlt accounl interest Chayiiable actlvllles Herts CC - Community Navigator 339,938 300,295 Total Sncomlng resources 339,938 300,295 EXPENDITURE Charitable aclivltles Insurance Sundrles Motor and travel expenses Subscrlpiions 1,363 1.272 2,131 2,127 3,494 3,399 Support cosls Managemenl Wages Cllenl seNices Penslons Aévertlslng Adminlslrallon servlces 267,355 242,428 4,549 4,007 7,094 289,507 253,529 Governance costs Independent examiner Accountancy and legal fees 540 96 540 96 636 636 Total ro$our¢es expended 293,637 257,564 Net Income Thls page does not form part of the statutory financial statements Page 13