| 1 | Detailsof Charity,advisers and Trustees |
|---|---|
| 2-7 | Trustees'Report |
| B | Chairman'sRepoft |
| 9 | IndependentExaminer'sRepoft |
| 10 | StatementofFinancial Activities |
| 11 | Balance Sheet |
| 72-76 | Notesto theFinancial Statements |
| Chairman | Tony | Williams |
|---|---|---|
| Vice-Chairman | Sue | Pesch |
| Treasurer | Mike | Edis |
| Geoff | BuddMBE | |
| John | Carlton-Ashton | |
| Helen | Cook | |
| Claire | Furnell-Williams | |
| Stuart | Wesley | |
| Paul | Thomas |
DACORUM COMMUNITY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
Resesves Policy
The Trustees aim to maintain the General Fund at a level which equates to approximately six months of unrestricted charitable expenditure. The Trustees consider that this level will provide sufficient funds to respond to applications for grants not subject to restrictions and ensure that there are sufficient funds available to cover support and governance costs.
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. This is defined as the Designated Fund. At the end of each financial year, if the General Fund falls below the "six month level", the shortfall will be funded via a transfer from the Designated Fund.
SUMMARY
The trust began the reporting period with its staff operating under lockdown measures. As restrictions eased the team gradually returned to the office with a modified way of working. The new working model improved efficiency enabling the trust to help an increasing number of Dacorum residents in crisis. The team adapted very well in uncertain times and maintained a consistently high standard of care in their work.
As an independent charity, the trust has been able to finance an increasing number of clients with the successful acquisition of grants, donations and fundraising. The return to local fundraising and continuous work with its community business partners has helped the trust to raise its profile and strengthen vital community links.
The trust has dealt successfully with the many problems related to Covid-19 and is in a strong position as it prepares to meet the challenging economic conditions expected 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)
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:
-
select suitable accounting policies and then apply them consistently.
-
observe the methods and principles in the Charities SORP.
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make judgements and estimates that are reasonable and prudent.
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation
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.
For and on behalf of the Trustees:
Dena Tyler MBE
Trust Manager Date: 17 Jan
�0-v� . n
7
DACORUM COMMUNITY TRUST CHAIRMAN'S REPORT
FOR THE YEAR ENDED 31ST MARCH 2022
This has been another eventful year for the Dacorum Community Trust (OCT) as it continued to respond to the growing demand for its services and its support for those who are vulnerable and most disadvantaged in the Borough of Dacorum. The Trust has also adapted its operations so as to be able to respond quickly and flexibly to clients' needs in the emerging post pandemic economic situation
Dena Tyler, Trust Manager, has provided a detailed and comprehensive report on activities over the past year, but I would like to mention some particular highlights.
The funding received from Herts County Council and Dacorum Borough Council (DBC) to support the administration of household support grants on their behalf confirms the confidence placed in OCT to deliver a number of current initiatives to assist the community including from DBC's Covid Recovery Fund.
The Trust has also built strong relationships with DBC's Community Partnerships, Well-Being and Sustainment teams
The additional funding has allowed the Trust to increase resources to match demand in the short to medium term, but long term sustainable funding continues to be DCT's objective.
OCT has entered into a partnership arrangement with Family Fund Business Services, an organisation that delivers emergency white goods and energy vouchers to clients on DCT's behalf. This has allowed the Trust to further streamline its processes and increase its response time to meet clients' requests The Trust is delighted to announce that the Mayor of Dacorum, Councillor John Birnie, has chosen OCT as his charity for the coming year. This is prestigious and well earned recognition of the important and growing role that the Trust plays in the community. It will enable the Trust to be involved in more local fund-raising events and further increase its profile
My admiration of the OCT team and its performance continues to grow, and I am proud of the Trust's successes and the excellent management and leadership shown by Dena Tyler, the Trust Manager. She has steered the Trust through the turbulent period of the pandemic, during which OCT has experienced a doubling of demand for its services. Her team is highly motivated, professional and empathetic and displays impressive dedication and emotional resilience
I extend my thanks to my fellow Trustees for their help and support for the Trust and all its activities during the year. As Trustees we are privileged to be involved with a well respected and high performing charity which is doing so much to help those disadvantaged in our community.
In looking forward, there will be continuing challenges for the Trust. The ending of Universal Credit top ups, increasing fuel poverty due to the rising cost of energy and the cost of living crisis, will be making further demands on OCT and its resources
over the coming period. We are well placed to provide that support
Tony Williams Chairman Date: 17 January 2023
| FORYEAR ENDED31MARCH2022 | ||||||
|---|---|---|---|---|---|---|
| Note | Unrestricted | Restricted | 20.22 | 2021 | ||
| Funds | Funds | Total | Total | |||
| i. | E | E | E | |||
| INCOMINGRESOURCES | ||||||
| Incomingresources | ||||||
| fromgenerated funds | 2 | |||||
| Donations | 33,085 | 84,990 | 118,075 | 1 11,549 | ||
| Activitiesforgeneratingfunds | 8,718 | 8,778 | 478 | |||
| Investmentincome | ||||||
| Interest/DividendsReceived | 4,773 | 4,773 | 4,520 | |||
| TOTALINCOMINGRESOURCES | 46fre-------*WrW | |||||
| RESOURCES EXPENDED | ||||||
| Costsof generating funds Charitableactivities Governance costs |
3 | (6,002) (68,820) (1,680) |
- (48,980) - |
(6,002) (117,800) (1,680) |
(2) (74,377) (1,680) |
|
| TOTALRESOURCES EXPENDED | @ | |||||
| NET(OUTGOING)/INCOMINGRESOURCES BEFOREOTHER RECOGNISEDGAINSAND |
-r76Ftr7I-r,r8re8ul (29,926) 36,010 |
6,084 | 40,488 | |||
| LOSSES | ||||||
| Other recognised gains andlosses: Gain/(loss) oninvestments |
7,371 | 7,371 | 1,163 | |||
| NET MOVEMENTINFUNDS | (22,555) | 36,010 | 13,455 | 41,651 | ||
| BalanceBroughtForwardat1April2021 | 159,339 | 49,539 | 2A8,878 | L67,227 | ||
| Balance Carried Forwardat3lMarch2022 | 10 | 136,784 | 85,549 |
222,333 | 208,878 |
DACORUM COMMUNITYTRUST
BALANCE SHEET
AS AT 31 MARCH 2022
| Note FIXED ASSETS Investments Stocks and shares 5 Equipment 6 CURRENT ASSETS Debtor and Prepayments 7 Cash at Bank and in Hand CURRENT LIABILITIES Creditors 8 NET CURRENT ASSETS NET ASSETS CAPITAL AND RESERVES Unrestricted Funds Restricted Funds Total Funds 10 . £ 1,525 61,827 63,352 5,597 £ 160,851 3,727 164,578 57,755 222,333 136,784 85,549 2:n,333 |
£ £ 163,480 3,615 167,095 1,126 43,263 44,389 2,606 41,783 208,878 159,339 49,539 208,878 |
£ 163,480 3,615 |
|---|---|---|
For and on behalf of the Trustees
Date: 17 January 2023 TWilliams Chairman M Edis Treasurer
12
| dceptionof banklenswtticharesubsequentlymeasuredat a INCOME |
mortisedmstusingt | he e{fective interest method. | he e{fective interest method. | |
|---|---|---|---|---|
| Unrestricted | Restricted20'22 Total |
2021 Total |
||
| Donafions tuda |
e | s. | : | : |
| Batchworth Trust | 6,000 | |||
| Berkhamsted Rotary | 2202 | |||
| Berkhamsted TownCouncil | 1,s00 | 1,500 | ||
| Eoxmoor Trust | 6,000 | |||
| CaritasFund | 2,000 | 2,000 | 2,000 | |
| Co-Operative Foundation | 1,46r | |||
| Community Action Dacorum | 6,ooo | 6.000 | ||
| Dacorum BoroughCouncil- Homel6s | 3,000 | |||
| Dacorum BoroughCouncil- Single childless couples | 27,?'50 | |||
| Dacorum BoroughCouncil-White goods | 1300 | |||
| Dacorum BoroughCouncil-Mattresses and window covering | 3,000 | |||
| Dacorum BoroughCouncil-HCC | 7,350 | 66,150 | 73,500 | |
| East ParishHemel | 1,000 | |||
| Gifts in kind | 1,309 | 1,309 | 1,065 | |
| Just Giving | 5,965 | |||
| Hemel H€rnpstead Rotary | 2,000 | 2,000 | 5,000 | |
| Hetscommunity Foundation | 7,289 | 7,500 | 8,789 | 10,000 |
| Herts CountyCouncil(Contributiontonew laptops) | 4,000 | |||
| HerbPublicHealth (Contributiontostaffco6ts) | 5,000 | |||
| Luton and Bedfordshire CommunityFund | s,000 | |||
| (cortribution tostafFcosts) | ||||
| National Lottery (ContributiontoStaff costs) | 10,000 | 10,000 | 10,000 | |
| Tesco Covid Through FlowGrants Other |
77.737 33.085 |
1,840 L u.990 |
1,840 11,137 118.07s |
1,000 1,t78 15,628 111.549 |
| 2 | fNCoIrlEconunued | ||||||
|---|---|---|---|---|---|---|---|
| Investment Incom€ | 2022 | 2021 | |||||
| E | A | ||||||
| Interest/Dividends | 4,773 | 4,524 | |||||
| JU' | 4.521) | ||||||
| 3 | TOTALRESOURCESEXPET{DED | StaffOthel | Support | 2022 | |||
| 2O2ll2O2Z | CostsDirect EE |
Costs | Costs E |
Total E |
|||
| Costofgeneratingfunds | 6,002 | 6,002 | |||||
| Charitableactlvities Coreactivities |
56,608 | 3,815 | a)97 | 68,820 | |||
| Batchworth Trust | 288 | 288 | |||||
| Berkhamsted Rotary | 2,990 | 2,990 | |||||
| Berkhamsted TownCouncil | 158 | 158 | |||||
| BoxmoorTrust | 2,468 | 2,468 | |||||
| Caritas | 90s | 905 | |||||
| Community Action Dacorum | 6,000 | 6,000 | |||||
| DBC Homelesg | 97s | 975 | |||||
| DBCSingleChildlesscouples | 1,893 | 1,893 | |||||
| DBCWhiteGoods | 1,154 | 1,154 | |||||
| DBC/HCC | 17,361 | !7,36L | |||||
| DBCWindow covering | 1,555 | 1,555 | |||||
| Funding Network | 1,200 | 1,200 | |||||
| GreggsFoundation | 1,207 | 1,207 | |||||
| HelptheHomeless | 709 | 709 | |||||
| Hefis CommunityFoundauon | 7,907 | 7,907 | |||||
| Tesco | 375 | 375 | |||||
| Through FlowGrants | ffi | 1,840 | - | 1,840 117,800 |
|||
| Governancecosts | |||||||
| Totalresources expended | |||||||
| 2A2112022 | |||||||
| Totalresources expended | |||||||
| ConaRestricted incl.grants Funds CEE |
20.22 | 202L E |
|||||
| Other directcostsinclude: Grants made |
2,506 | 48,980 51,486 | 18,239 | ||||
| Giftsinkind distributed | |||||||
| Supportco6tsinclude! | |||||||
| Printing,Postageand Stationery Telephone Rent |
284 1,126 1,962 |
284 r,t26 1,962 |
114 1,288 t,912 |
||||
| Insurance | 7U | 764 | 698 | ||||
| Sundry Depreciation Bankcharges TrainingandTrustee Strategymeeting |
289 t,976 225 388 |
289 1,976 225 388 |
423 1,092 42A |
||||
| PafollCosts | s23 | 523 | 446 | ||||
| ITSuppoft Website |
750 ,r1 |
7s0 110 |
339 2,359 |
||||
| Affiliation fees,Ucences, Conferencesetc | 35 | ||||||
| Governance costscomprise: Independent ExaminationFees |
1,680 | 1,680 | 1,680 |
| STAFF COSTSAND NUMBERS | |||||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Staffcostswereasfollows: | e | s | |||||
| Saldries and wages Employer's pensioncontributions |
56,285 323 |
4l | ,704 ?A3 |
||||
| 56.608 | 4 | .947 | |||||
| Noemployeereceivedemoluments ofmorethan {60,000. | |||||||
| Notrusteerecelved anyremuneration orspenses. | |||||||
| 2022 | 2021 | ||||||
| Theaverage weeklynumber ofemployeesduring theyear was asfollows: | g | ||||||
| Remuneration ofkeymanagementpersonnelduring theyearamountedto | |||||||
| 2OZZqZA,ZOZ(2021:E20,156). | |||||||
| 5 | INVESTT'{ENTS | ||||||
| Stocks andshars AsatIApril2021 Additions Transnerftom/(to)COIF Deposit Fund Disposals Revaluationgain/(lss) |
2'122 163,480 (10.000) 7,371 e |
13. 2t |
2021f ,377 000 ,oo: 163 |
||||
| At 31March 2022 | 160.851 | 16:.480 | |||||
| At | Tt | ||||||
| 31M.rch2022 | 31 March | 2o2r. | |||||
| l,lV | Cost MV |
Cost | |||||
| t | f, f |
E | |||||
| COIFinvestmenb | *-.19L851131116 1614&0 | 141,316 | |||||
| Materialihvestnents(belng more Btan5%, bvvalu€ of thepotfolio)are! | |||||||
| i | e | ||||||
| COIF Fixedlnterest fund | 46,345 | 28.8 | |||||
| COIFInvestment fund | 114,506 | ?7.2 | |||||
| AllinvestmenEare included inthe accounb at marketydlue. | |||||||
| 6 | TANGIBLE FIXEDASSETS | ||||||
| Total | Computer | ||||||
| equipment | |||||||
| Cost | € | € | |||||
| Asat1April2021 Addtions At 31March 2022 |
4,m7 4,701 2.088__Z_A!C 6.7es_-___0J90 |
||||||
| Depreciation | |||||||
| Asat1April2021 (hargefor the year |
0,0s2) (1,976) |
( ( |
|||||
| At 31March 2022 | /3.068', | ( | |||||
| Net book value | |||||||
| At 31March 2022 | 3.1zl | 5.tlt | |||||
| At 31March 2021 | 3.615 | 3.615 | |||||
| 7 | DEBTORS AND PREPAY}IEI{TS | ||||||
| 2022 | 2,J27 | ||||||
| IrterstandDiyidends Accrued Other debtors |
e 1,130 160 |
1,126 A |
|||||
| Prepayments | 7?s | ||||||
| 8 | CREDITORS | __r-L525__1J26 | |||||
| 2022 | 2021 | ||||||
| AccrualsandDeferredInmme | ee 5.s97 |
2.6A6 | |||||
| ----___-5.592 | _____-e606 |
| NT 9 |
HE YEANFI{NFD1'MAP'H'O" ANALYSISOF NET ASSETS EYFUND AT31MARCH2022 |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| UnrestrictedFunds | Restricted | 2.J22 | |||||||||
| Funds | Total | ||||||||||
| GeneralDesignated | |||||||||||
| Fixed Asset& Investments | , 9,343 |
93,&9 f |
61,586 f. |
{ 764,57A |
|||||||
| DebtorsandPtepayments | 1,355 | 160 | 1,525 | ||||||||
| CashatBankandin Hand | 38,024 | 23,803 | 6r,827 | ||||||||
| Creditors DueWithinOne Year | (s,s97) | (tse7) | |||||||||
| andIncomein Advance | |||||||||||
| 10 | MOVEMENTSINFUNDS | At Incoming | Outgoldg | Other | Transfels | At | |||||
| IApril21Resourc€s EET, |
Resources | c.ins E |
t | 31 idarch 22 E |
|||||||
| Restri€ted funds: | |||||||||||
| Bakhworth Trust | 3,726 | (288) | 3,438 | ||||||||
| Berkhamsted Rotary | 2,990 | (2,990) | |||||||||
| BerkhamstedTown Cdjncil | 1,500 | (rs8) | t,342 | ||||||||
| Box MoorTrust | s,487 | (2,468) | 3,019 | ||||||||
| Community Action Daconjm | 6,000 | {6,000) | |||||||||
| Caritas Fund | 849 | 2,000 | (eos) | r,944 | |||||||
| Dacorum Borough CouncilHomelesFund | 2,79L | (e7s) | 1,816 | ||||||||
| Dacorum Borough CouncilSinglechildless couples | 21,065 | (1,893) | 19,173 | ||||||||
| Dacorum Borough CouncilWndow covering/ irnafdblematBesss | 3,000 | (1,5ss) | 1,445 | ||||||||
| DacorumBoroughCouncil/HertsCounty Council | 66,150 | (17,361) | 44,789 | ||||||||
| Dacorum Borough CouncilWhitegoods | 1,800 | (1,1s4) | @6 | ||||||||
| Hertfordshire Funding Network | 3,435 | (1,200) | 2,235 | ||||||||
| Greggs Foundation | 1,850 | (1,202) | 648 | ||||||||
| HelptheHomeless | 1,089 | (7oe) | 380 | ||||||||
| Helts CommunityFoundauon | 407 | 7,500 | (7,907) | ||||||||
| Tesco(Covidlcroundworks) | 1,049 | (37s) | 674 | ||||||||
| ThroughFIMGEnts | 1,840 | (1,84O) | |||||||||
| Tohlrestricted funds | --?686- | 84,990 | (48.980) |
85.549 | |||||||
| Unrestrictedfunds: | |||||||||||
| Generalfunds Designatedfunds |
41,800 r77,539 |
46,576 06,502) | 737r | 23,890 (23.89o) |
43,13s 93,ilg |
||||||
| Total unrestrictedfunds | 1s9,339 | 46,576 (75,502) | 7,371 | 136.7A4 | |||||||
| PurpGesofrestrictedfunds: | |||||||||||
| Batrhworth Trust | |||||||||||
| Tobeusedfor grants forsptrificcoursesandbookspurchasd. |