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 CO￿panieS 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 resp￿1 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, I￿luded 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