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2021-03-31-accounts

272759

Registered Charity Number

DACORUM COMMUNITY TRUST

REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2021

DACORUM COMMUNITY TRUST

CONTENTS

FOR THE YEAR ENDED 31 MARCH 2021

1 Details of Charity, advisers and Trustees
2-6 Trustees' Report
7 Chairman's Report
8 Independent Examiner's Report
9 Statement of Financial Activities
10 Balance Sheet
11-13 Notes to the Financial Statements

Registered Charity Number - 272759

DACORUM COMMUNITY TRUST

ADMINISTRATION DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS

FOR THE YEAR ENDED 31 MARCH 2021

Status

The Charity, an unincorporated organisation governed by a Deed of Trust dated 6 December 1976, has been registered with the Charity Commission under number 272759.

Address

The Forum Marlowes Hemel Hempstead Herts HP1 1DN

Trustees

The Trust's Executive Committee comprises the Trustees.

The following were members of the Executive Committee during the year ended 31 March 2021:

Chairman Tony Williams
Vice-Chairman Sue Pesch
Treasurer Mike Edis
Geoff Budd
John Carlton-Ashton
Helen Cook
Claire Furnell-Williams
Stuart Wesley
Paul Thomas (appointed 7 February 2021)

Independent Examiners

Hillier Hopkins LLP, 51 Clarendon Road, Watford, Hertfordshire, WD17 1HP

Bankers

Metro Bank PLC, 246 Marlowes, Hemel Hempstead, Hertfordshire HP1 1BL

1

DACORUM COMMUNITY TRUST

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2021

INTRODUCTION

Dacorum Community Trust (DCT) is a small charity established in 1976 to provide help and support for underprivileged residents in the Borough of Dacorum. It is a vital part of the local community, acting as a last resort for people in crisis when the practical assistance they need is not available elsewhere.

The outbreak of the worldwide COVID pandemic in March 2020 created unprecedented challenges to DCT’s ability to deliver on its primary objective. This report outlines how DCT met these challenges by establishing innovative systems in the first lock-down to operate remotely, providing food, energy and essential household items at a time when services were severely interrupted. The report also outlines how DCT sourced funding to meet the needs of an ever-increasing number of clients throughout the year and to provide wider community support.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Board of Trustees is as detailed above. Overall management responsibility is held by the Trustees with responsibility for the day to day running of the Trust delegated to the Trust Manager. The Trustees' Board has two sub-committees; Finance & General Purpose and Grants. All recommendations made by these sub-committees are reported to and ratified by the full board of Trustees. The Manager attends all meetings and reports to the Trustees

Recruitment and appointment of trustees

As per the constitution. Trustees appointed by the board are recruited according to the constitution via recommending bodies. In line with the original Trustees, members of the local business community are encouraged to consider becoming Trustees.

Induction and training of trustees

All Trustees are made aware of Charity Commission information for new Trustees. As appropriate, time is spent with the Manager to understand the functioning of the Trust. Active participation of appropriate training is encouraged, including recent training on governance delivered locally.

Organisational structure

This comprises the Trustees' main Board, 2 sub-committees which can include advisors, Trust Manager and support staff.

Staff 2020-2021 Dena Tyler Trust Manager Lydia Flack Trust Officer Rosemary Hall Grants and Finance Officer

The above staff all work flexible hours amounting to 1.2 equivalent full time.

Risk management

The charity Trustees have considered the major risks to which the charity is exposed and have reviewed those risks and established systems and procedures to manage those risks.

2

DACORUM COMMUNITY TRUST

REPORT OF THE TRUSTEES (Continued)

FOR THE YEAR ENDED 31 MARCH 2021

ACTIVITIES AND OBJECTIVES

At the beginning of April 2020, DCT made a swift transition from providing a face-to-face service for clients in our office to remote working. Local Council advice was that our office would be closed for three weeks. However the closure lasted for over a year.

•Away from the office, an immediate objective was to improve our means of communication as we were relying entirely on emails and phone calls. The DCT grants officer secured funding for four laptop computers from the Hertfordshire County Councillors’ Local Fund. V12 Tech IT Services voluntarily installed the necessary software and delivered the computers to our homes. This enabled the DCT team to communicate via Zoom and share client information securely.

•The next step was to replicate our office procedures for client interviews and save documentary evidence securely on-line. An alternative system was put in place which gave clients the choice to attend interviews via Zoom or by telephone. Storing client documents online proved an efficient way to capture and share information internally, as well as producing statistics for grant applications.

•We experienced an immediate surge in applications from clients seeking help. Numbers almost doubled during the year. In total, we dealt with 724 clients, an increase of 93.6% (375 clients) from the previous year. In all, 636 of applications received were referrals from other agencies and 88 applications were self-referrals. DCT also made 1413 referrals on behalf of clients for wider community support.

•Clients often registered with multiple problems, including benefit issues, unemployment, homelessness, domestic abuse, mental and physical health, unemployment, debt, relationship problems and other instances of extreme poverty. The top three client issues recorded were mental health (67%), debt (52%) and physical health (41%).

• The most immediate issues registered by clients were hunger and no money for gas and electricity. Many people were too frightened to leave their homes to collect food parcels or upload their energy vouchers at local pay points. DCT worked in partnership with South Hill Centre and Sunnyside Trust and contributed to petrol costs for home deliveries to clients who were sheltering or unwilling to go outside. Herts Help managed an energy fund on behalf of DCT and introduced a system to upload energy remotely onto meters. Throughout the year, emergency food and energy vouchers were consistently in the top three items issued. As the year progressed, DCT noted a sharp rise in clients registering job losses and escalating debt as a direct impact of the pandemic.

• During the first lockdown, DCT was alerted to the anxiety many people were experiencing in isolation and members of the team spent time listening to people’s concerns and signposting them to the wider community for additional support.

• DCT fulfilled an objective to provide clients with one new and/or a second-hand essential household item, as well as applying to other charities for grants to purchase additional items in cases of extreme hardship. In the first lockdown there were major delays sourcing household items, such as electric cookers but DCT was able to substitute table-top cookers which were readily available. As we were unable to source second-hand beds, fridge-freezers or washing machines from our local supplier we substituted inflatable beds so that people did not have to sleep on the floor and the finance officer found the best deals for new appliances online. A long-standing volunteer researched benevolent funds and other charities for additional grants for clients in extreme hardship.

In November 2020, DCT welcomed a new volunteer bringing us to a total of six in the team. The role included interviewing clients and administration. Our nine volunteer trustees provided much needed practical support and advice throughout the pandemic

PERFORMANCE AND ACHIEVEMENTS

The DCT team were unified in their determination to provide the best possible support for local people at a very difficult and unsettling time. In the absence of physical contact, they adapted very quickly to working in an office setting online and the time gained enabled the team to deal with the higher numbers of clients seeking assistance. In the future DCT intends to implement a more flexible model, combining remote and office working.

3

DACORUM COMMUNITY TRUST

REPORT OF THE TRUSTEES (Continued)

FOR THE YEAR ENDED 31 MARCH 2021

• Early in the year, new initiatives were adopted aimed at maintaining effective communication within DCT. A weekly written report detailing performance and activities was circulated to trustees, staff and volunteers. A weekly staff team meeting was introduced via Zoom and trustees were invited to join this. As the year progressed, new and existing partner agencies were invited to attend our meetings to share information enabling us to get the best mutual outcomes for our respective clients. These initiatives have proved so beneficial that we have decided to make them permanent.

• Local business and networking events were severely impacted by the pandemic. However, there is a great community spirit in Dacorum and some events continued remotely, thus enabling DCT to maintain our profile. We were also invited to give presentations to three of our local donors, Hemel Hempstead Rotary, Berkhamsted Rotary and Caritas, Hemel Hempstead.

• A key priority was to raise funds for staff salaries and emergency items for escalating client numbers. Our grants officer greatly exceeded our expectations, securing grants contributing to salaries and additional resources including emergency energy and supermarket vouchers, beds, white goods, bedding and kitchen starter packs. Throughout the year, the grants officer used quarterly analysis figures to monitor emerging trends to target specific funds, e.g. rising demand for emergency energy vouchers.

• In addition to our day-to-day work supporting local people in crisis, DCT provides financial grants for local voluntary organisations who give specialist support to disadvantaged groups in Dacorum. This endorses our fundamental belief in contributing to a safer, healthier local community. During a period when social networks for young people were in turmoil, DCT supported two projects:

 Transitions UK: DCT contributed towards set up costs for a Dacorum hub for the Aspire Project, a mentoring project to prevent young people at risk of drifting into crime.

 St Albans Road Community Project: DCT paid for paint and brushes for a group of young people with complex needs to refurbish two community benches

ANNUAL FUNDRAISING EVENTS

As a direct result of the pandemic DCT was unable to host our three regular annual fundraising events. However, DCT took part in two local events via Zoom:

• A Community Action Dacorum (CAD) quiz evening

GRANTS AND DONATIONS

DCT is extremely grateful for all the grants and donations received throughout the year from a wide range of benefactors in recognition of DCT’s ability to make a swift and positive impact on the lives of local people in a period of acute emergency.

The trustees express their thanks to our funders, including:

Dacorum Borough Council

Hertfordshire County Council Hertfordshire Community Foundation Hertfordshire Public Health Co-operative Foundation Luton and Bedfordshire Community Fund National Lottery Tesco Covid Fund

4

DACORUM COMMUNITY TRUST

REPORT OF THE TRUSTEES (Continued)

FOR THE YEAR ENDED 31 MARCH 2021

DCT would also like to thank local community organisations and individuals who have very generously supported us. These included:

Grants, including:

Voluntary assistance, including:

SUMMARY

This was an extraordinary year. Through their sustained hard work and commitment the staff of DCT met and overcame numerous challenges so as to enable the Trust to fulfil its primary aim of providing practical support for local people in crisis.

•As an independent charity, DCT was able to swiftly adapt and implement new ways of working to ensure continuity of service to its clients.

•Remote working has been a huge success and enabled DCT to meet many unprecedented challenges during the pandemic. By the end of the first lockdown in July 2020, DCT was well equipped to work remotely and deliver the same high-level service to a 93.6% annual increase of clients.

•Much of the success for this year is due to the outstanding performance of the DCT team, who have shown the utmost dedication, kindness and commitment to ensuring that local people in crisis were supported during a difficult and uncertain year.

DCT is emerging from the 2020-21 reporting period with alternative and more effective operating systems in place and is well prepared to deal with any unexpected challenges or restrictions in the coming year.

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees 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).

5

DACORUM COMMUNITY TRUST

REPORT OF THE TRUSTEES (Continued)

FOR THE YEAR ENDED 31 MARCH 2021

The law applicable to charities in England & Wales 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 charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts Reports) Regulations 2008 and trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions

For and on behalf of the Trustees: Dena Tyler MBE Trust Manager 1st December 2021

6

DACORUM COMMUNITY TRUST

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DACORUM COMMUNITY TRUST

FOR THE YEAR ENDED 31 MARCH 2021

Independent Examiner's Report to the Trustees of Dacorum Community Trust

I report to the Trustees on my examination of the accounts Dacorum Community Trust (the Trust) for the year ending 31 March 2021

Responsibilities and basis of report

As the Charities Trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('The Act')

I report in respect of my examination of the Trust's accounts carried out in Section 145 of the 2011 Act and in carrying out my examination I hae followed all the application directions given by the Charity Commission under Section 145 (5) (b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act: or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Account and Regulations) 2008 other than any requirement that the accounts give a 'true and fair review' which is not a matter considered as part of an independent examination

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Grant Franklin ACA Hillier Hopkins LLP Chartered Accountants Radius House 51 Clarendon Road Watford Herts WD17 1HP

Date:

8

DACORUM COMMUNITY TRUST

STATEMENT OF FINANCIAL ACTIVITIES

FOR YEAR ENDED 31 MARCH 2021

Note
INCOMING RESOURCES
Incoming resources
from generated funds
2
Donations
Activities for generating funds
Investment income
Interest/Dividends Received
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Costs of generating funds
Charitable activities
3
Governance costs
TOTAL RESOURCES EXPENDED
NET (OUTGOING)/INCOMING RESOURCES
BEFORE OTHER RECOGNISED GAINS AND
LOSSES
Other recognised gains and losses:
Gain /(loss) on investments
NET MOVEMENT IN FUNDS
Balance Brought Forward at 1 April 2020
Balance Carried Forward at 31 March 2021
10		 Unrestricted
Funds
£
68,119
478
4,520		 Restricted
Funds
£
43,430
-
-
43,430
-
(16,617)
-
(16,617)
26,813
-
26,813
22,726
49,539		 2021
Total
£
111,549
478
4,520		 2020
Total
£
48,147
10,731
4,686		 2020
Total
73,117 116,547 63,564
(2)
(57,760)
(1,680)		 (2)
(74,377)
(1,680)		 (7,470)
(70,128)
(1,680)
(59,442) (76,059) (79,278)
13,675
1,163		 40,488
1,163		 (15,714)
(1,753)
14,838
144,501		 41,651
167,227		 (17,467)
184,694
159,339 208,878 167,227

9

Note I 202t
E		 E
2020		 E
FIXEDASSETS
Investments
Stocksand shares 5 163,480 134,377
Equipment 6 3,615
767,095 734,317
CURRENT ASSETS
DebtorsandPrepayments 7 7,126 7,341
CashatBankand inHand 43,263 39,146
44,389 40,487
CURRENTLIABILITIES
Creditors I 2,606 7,577
NET CURRENT ASSETS 41,783 32,910
NET ASSETS _-ro-Bp-7E 767,227
CAPITALANDRESERVES
UnrestrictedFunds 159,339 t44,507
RestrictedFunds 49,539 22,726
TotalFunds 10 f0.6,B-iE

DACORUM COMMUNITY TRUST NOTES TO THE FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2021

1 ACCOUNTING POLICIES

1.1 Basis of Preparation

Dacorum Community Trust meets the definition of a public benefit entity under FRS 102. The financial statements have been prepared under the historical cost convention, and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' and with applicable accounting standards.

1.2 Grants received

Grants are recorded in full in the Statement of Financial Activities in the financial period for which they were received.

1.3 Donations and fundraising

Donations and fundraising income are recorded in the financial period for which they are received.

Donated goods, services or facilities, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party.

1.4 Fixed Assets

IT equipment is depreciated over a period of three years.

1.5 Fund Accounting

The unrestricted fund comprises the accumulated surplus which the charity may use for its purposes at its discretion. Restricted funds are set up where donors specify the purposes for which their donations can be used, and expenditure in respect of these purposes is specifically allocated to these funds. Further details of each fund are disclosed in note 10.

1.6 Resources expended

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

1.7 Allocation of costs

Costs are allocated to the fund to which they relate. Staff costs are allocated according to time spent on the activity.

1.8 Financial Instruments

The Trust has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2 INCOME

INCOME
Unrestricted Restricted 2021 2020
Total Total
Donations £ £ £ £
Batchworth Trust 3,000 3,000 6,000 -
Berkhamsted Rotary - 2,202 2,202 250
Boxmoor Trust 6,000 - 6,000 6,000
CAB - - - 200
Caritas Fund - 2,000 2,000 2,000
Co-Operative Foundation 1,461 1,461 -
Dacorum Borough Council - Homeless - 3,000 3,000 -
Dacorum Borough Council - Single childless couples - 21,250 21,250 -
Dacorum Borough Council - White goods 1,800 1,800 -
Dacorum Borough Council - Mattresses and window covering 3,000 3,000 -
East Parish Hemel 1,000 1,000 -
Funding Network - - 4,459
Gifts in kind 1,065 - 1,065 1,851
Just Giving 5,965 - 5,965 -
Greggs Foundation - - 2,000
Hemel Hempstead Rotary 5,000 - 5,000 1,300
Herts Community Foundation 5,000 5,000 10,000 2,334
Herts County Council (Contribution to new laptops) 4,000 4,000 -
Herts Public Health (Contribution to staff costs) 5,000 5,000 -
Luton and Bedfordshire Community Fund 5,000 5,000 5,000
(Contribution to Staff costs)
National Lottery (Contribution to Staff costs) 10,000 10,000 -
Tesco Covid - 1,000 1,000 1,000
Through Flow Grants 1,178 1,178 1,900
Other 15,628 - 15,628 19,853
68,119 43,430 111,549 48,147

11

FOR THE YEAR ENDED 31 MARCH 2021

2 INCOME continued Investment Income

2
INCOME continued
Investment Income
3
TOTAL RESOURCES EXPENDED
2020/2021
Cost of generating funds
Charitable activities
Core activities
Batchworth Trust
Berkhamsted Rotary
Boxmoor Trust
Buttle UK
`
CAB
Caritas
Children in Need
DBC Homeless
DBC Single Childless couples
DBC Starter Packs
Funding Network
Help the Homeless
Herts Community Foundation
High Sheriff
Tesco (Covid)
Through Flow Grants
Governance costs
Total resources expended
2019/2020
Total resources expended
Other direct costs include:
Grants made
Gifts in kind distributed
Support costs include:
Printing, Postage and Stationery
Advertising and Publicity
Telephone
Rent
Insurance
Sundry
Depreciation
Bank charges
Training and Trustee Strategy meeting
Payroll Costs
IT Support
Website
Affiliation fees, Licences, Conferences etc
Governance costs comprise:
Independent Examination Fees
Interest/Dividends		 Staff
Costs
£
45,947
-
-
-
-
-
-
-
-
-
-
-
-		 Other
Direct Costs
£
2
2,687
875
987
3,211
39
43
2,988
280
230
184
4
549
296
4,593
161
999
1,178		 2021
£
4,520		 2020
£
4,686
Support
Costs
£
9,126
-
-
-
-
-
-
-
-
-
-
-
-		 2021
Total
£
2
57,760
875
987
3,211
39
43
2,988
280
230
184
4
549
296
4,593
161
999
1,178
45,947
-		 19,304
1,680		 9,126
-		 74,377
1,680
45,947 20,986 9,126 76,059
41,391 31,053 6,834 79,278
Core
incl. grants
£
1,622
1,065		 Restricted
Funds
£
16,617
-		 2021
£
18,239
1,065		 2020
£
20,052
1,851
2,687 20,617 19,304 21,903
114
-
1,288
1,912
698
423
1,092
420
-
446
339
2,359
35		 -
-
-
-
-
-
-
-
-
-
-		 114
-
1,288
1,912
698
423
1,092
420
-
446
339
2,359
35		 134
1,134
1,094
2,135
781
503
-
245
90
446
236
36
9,126 - 9,126 6,834
1,680 - 1,680 1,680

12

DACORUM COMMUNITY TRUST

NOTES TO THE FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2021

4 STAFF COSTS AND NUMBERS

----- Start of picture text -----
2021 2020
Staff costs were as follows: £ £
Salaries and wages 45,704 40,728
Employer's pension contributions 243 663
45,947 41,391
No employee received emoluments of more than £60,000.
No trustee received any remuneration or expenses.
2021 2020
The average weekly number of employees during the year was as follows: 3 3
Remuneration of key management personnel during the year amounted to
2021: £20,156 (2020: £ 19,656).
INVESTMENTS
Stocks and shares 2021 2020
£ £
As at 1 April 2020 134,317 36,070
Additions 8,000 -
Transfer from COIF Deposit Fund 20,000 100,000
Revaluation gain/(loss) 1,163 (1,753)
At 31 March 2021 163,480 134,317
At At
31 March 2021 31 March 2020
MV Cost MV Cost
£ £ £ £
COIF investments 163,480 141,316 134,317 113,316
Material investments (being more than 5% by value of the portfolio) are:
£
COIF Fixed interest fund 124,924 76.4
COIF Investment fund 38,556 23.6
----- End of picture text -----

5 INVESTMENTS

Material investments (being more than 5% by value of the portfolio) are: COIF Fixed interest fund COIF Investment fund All investments are included in the accounts at market value.

6 TANGIBLE FIXED ASSETS

Cost
As at 1 April 2020
Addtions
At 31 March 2021
Depreciation
As at 1 April 2020
Charge for the year
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020
DEBTORS AND PREPAYMENTS
Interest and Dividends Accrued
Prepayments
CREDITORS
Accruals and Deferred Income
ANALYSIS OF NET ASSETS BY FUND AT 31 MARCH 2021
Fixed Asset & Investments
Debtors and Prepayments
Cash at Bank and in Hand
Creditors Due Within One Year
and Income in Advance		 Unrestric ted Funds Total
£
-
4,707		 Computer
equipment
£
-
4,707
4,707 4,707
-
(1,092)		 -
(1,092)
(1,092) (1,092)
3,615 3,615
0 0
2021
£
1,126
-		 2020
£
1105
236
1,126 1,341
2021
£
2,606		 2020
£
7,577
2,606 7,577
Restricted
Funds
 2021
Total
£
167,095
1,126
43,263
(2,606)
General
£
9,927
1,126
33,353
(2,606)
41,800 117,539
49,539		 208,878

7 DEBTORS AND PREPAYMENTS

8 CREDITORS

9 ANALYSIS OF NET ASSETS BY FUND AT 31 MARCH 2021

13

10 MOVEMENTS IN FUNDS
Restricted funds:
Batchworth Trust
Berkhamsted Rotary
Box Moor Trust
Buttle UK
CAB
Caritas Fund
Children in Need
Dacorum Borough Council Homeless Fund
Dacorum Borough Council Single childless couples
Dacorum Borough Council Starter Packs
Dacorum Borough Council Window covering/ inflatable mattresses
Dacorum Borough Council White goods
Hertfordshire Funding Network
Greggs Foundation
Help the Homeless
Herts Community Foundation
High Sheriff Award
Tesco (Covid/Groundworks)
Through Flow Grants
Total restricted funds
Unrestricted funds:
General funds
Designated funds
Total unrestricted funds		 At
1 April 20
£
1,601
1,775
8,698
39
43
1,837
280
21
-
4
-
-
3,984
1,850
1,385
-
161
1,048
-		 Incoming
Resources
£
3,000
2,202
-
-
-
2,000
-
3,000
21,250
-
3,000
1,800
-
-
-
5,000
-
1,000
1,178		 Outgoing
Resources
£
(875)
(987)
(3,211)
(39)
(43)
(2,988)
(280)
(230)
(184)
(4)
-
-
(549)
-
(296)
(4,593)
(161)
(999)
(1,178)		 Other
Transfers
Gains
£
£		 At
31 March 21
£
3,726
2,990
5,487
-
-
849
-
2,791
21,066
-
3,000
1,800
3,435
1,850
1,089
407
-
1,049
-
22,726 43,430 (16,617) -
-		 49,539
29,215
115,286		 73,117
-		 (59,442)
-		 1,163
(2,253)
2,253		 41,800
117,539
144,501 73,117 (59,442) 1,163
-		 159,339

Purposes of restricted funds:

Batchworth Trust

To be used for grants for specific courses and books purchased.

Berkhamsted Rotary

To be used for grants benefiting residents in need in Berkhamsted, and the surrounding areas, including Tring.

Box Moor Trust

To be used for grants benefiting residents in need in Hemel Hempstead.

Buttle UK

To be used for purchasing specific household items for clients with young children.

CAB

To be used for clients referred by Citizens Advice Bureau (e.g Debt Relief orders)

Caritas Fund

To be used for smaller amounts of grants for clients

Children in Need

To be used for purchasing items for families with children

Dacorum Borough Council - Homeless Fund

To be used for DBC homeless clients

Dacorum Borough Council - Single childless couples

To be used for DBC single childless couples in temporary accommodation

Dacorum Borough Council - Mattresses and Window covering

To be used for DBC clients purchasing inflatable mattress, beds and window covering

Dacorum Borough Council - Starter Packs

To be used for DBC clients in new homes.

Dacorum Borough Council - White goods

To be used for DBC clients, urgently requiring white goods

Hertfordshire Funding Network

To be used for carpet and flooring for victims of domestic violence

Greggs Foundation

To be used for bedding starter packs and essential items

Help The Homeless

To be used for purchasing white goods and carpet flooring.

High Sheriff Award

To be used for grants benefitting those who have been through the criminal justice system and who live in Dacorum area

Herts Community Foundation

Grant to be used for client energy vouchers, purchasing white goods and DCT staff salaries

Herts Public Health Fund

Grants to be used towards DCT staff salaries

Tesco (Groundworks)

To be used for clients setting up in their homes to purchase crockery, cutlery, mini ovens, bedding and towels.

Through Flow Grants

This grant shows funding issued to our clients with children. This grant is transferred immediately from DCT to the client.

Purpose of designated funds:

One of the funding objectives of the Trust is to build up an investment fund, so that the income from this fund can help provide long term funding security for the Trust. This is designed to minimise the impact of any uncertainty and volatility in the income from donations received by the Trust.

14