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2024-03-31-accounts

Docusign Envelope ID: D6A1E73E-BF3F-414D-8A9C-3F97C804DCD4

272759

Registered Charity Number

DACORUM COMMUNITY TRUST

REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

Docusign Envelope ID: D6A1E73E-BF3F-414D-8A9C-3F97C804DCD4

DACORUM COMMUNITY TRUST

CONTENTS

FOR THE YEAR ENDED 31 MARCH 2024

Registered Charity Number - 272759

Docusign Envelope ID: D6A1E73E-BF3F-414D-8A9C-3F97C804DCD4

DACORUM COMMUNITY TRUST

ADMINISTRATION DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS

FOR THE YEAR ENDED 31 MARCH 2024

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 Hertfordshire 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 2024:

Chairman Claire Furnell-Williams Vice-Chairman Tony Williams Treasurer Mike Edis Geoff Budd MBE John Carlton-Ashton Helen Cook Bobby Keer Stuart Wesley Paul Thomas

Independent Examiners

Hillier Hopkins LLP, 249 Silbury Boulevard, Milton Keynes, Buckinghamshire, MK9 1NA

Bankers

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

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Docusign Envelope ID: D6A1E73E-BF3F-414D-8A9C-3F97C804DCD4

DACORUM COMMUNITY TRUST

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2024

LEGAL AND ADMINISTRATIVE INFORMATION

STATUS

INTRODUCTION

Dacorum Community Trust is a charity established in 1976 and registered with the Charity Commission on 27th January 1977 under number 272759. Its primary purpose is to provide support for people experiencing financial hardship in the Dacorum area. It is a vital part of the local community, acting as a last resort for people in crisis when the practical help they need is not available elsewhere. The Trust aims to offer people one-off support and refer those with more complex needs for further help from other agencies. The Trust has a long-established policy of issuing small one-off grants to local voluntary organisations who give specialist support to make a positive impact in the community.

ADDRESS

The Forum Marlowes Hemel Hempstead Hertfordshire HP1 1DN

STRUCTURE, GOVERNANCE AND MANAGEMENT

Overall management rests with the Board of trustees. Responsibility for the day to day running of the Trust is delegated to the Trust Manager. The Board has two sub-committees: Finance & General Purposes and Grants. Minutes of meetings of these sub-committees are reported to and ratified by the Board. The Manager attends all trustee meetings and reports to the trustees regularly. Meetings may also be attended by advisors and support staff.

Recruitment and appointment of trustees

Trustees are appointed by the Board. Members of the local business community are encouraged to consider becoming trustees.

Induction and training of trustees

All trustees are made aware of the Charity Commission’s information for the new trustees. As appropriate, time is spent with the Manager to understand the functioning of the trust. Active participation in appropriate training is encouraged.

TRUSTEES

The following served as trustees during the year:

Chairman Claire Furnell Williams Vice Chairman Tony Williams Treasurer Mike Edis Trustees Geoff Budd MBE John Carlton-Ashton Helen Cook Owen Cooper Bobby Keer Sue Pesch Paul Thomas Stuart Wesley

Owen Cooper appointed on 17th May 2023 and resigned on 4th January 2024 Bobby Keer appointed on 17th May 2023 Sue Pesch resigned on 26th April 2024

STAFF 2023 - 2024

Dena Tyler Lydia Flack Rosemary Hall Rosie Ware Amy Green The staff all work flexible hours amounting to 1.81 equivalent full-time.

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Docusign Envelope ID: D6A1E73E-BF3F-414D-8A9C-3F97C804DCD4

DACORUM COMMUNITY TRUST

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2024

Risk Management

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

INDEPENDENT EXAMINER

Hillier Hopkins LLP, 249 Silbury Boulevard, Milton Keynes, Buckinghamshire, MK9 1NA

BANKERS

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

REVIEW OF THE YEAR

At the start of the year (April 2023), the Trust was fully operational with a hybrid working model in place. A flexible service delivery enabled clients to access our services via email, phone, impromptu interviews in person and by prior appointment. Our interview room was converted into a second office for additional working space and we secured access to Council and Citizens Advice rooms for client interviews. This enabled the team to deal with an increased volume of applications in a timely manner. Key themes outlined in this report are:

•The cost of living crisis and clients we helped

•Staff and volunteers

•Community engagement •Funding

The annual statistics for 2023-2024 can be found on our website.

COST OF LIVING CRISIS

The year saw a rise of 9% in grant applications. Applicants registered with similar issues as in the previous year, chiefly mental health, debt and family issues. Some clients made repeated applications seeking help with food, energy and essential household items. Many of the applicants required additional specialist help. Multi agency referrals increased by 69%, all referrals/signposting increased by 35%.

There was an increasing number of applications from people in part-time and full-time employment who were experiencing financial hardship. The Trust was part of the Dacorum Borough Council Community Partnership Cost of Living Group. The Group focused on raising public awareness of the available support. The Trust participated in workshops and pop-up events, including an online event specifically aimed at engaging working households.

In response to the increased workload, our office was additionally staffed on Friday mornings. We formed a new working arrangement with the South Hill Centre whereby a trust volunteer assisted new clients with their trust applications at the South Hill Centre multi-agency drop-in clinic.

A grant from the central Government’s Household Support Fund was received via Dacorum Borough Council. This enabled the trust to issue essential household items, energy and supermarket vouchers to qualifying residents of Dacorum.

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Docusign Envelope ID: D6A1E73E-BF3F-414D-8A9C-3F97C804DCD4

DACORUM COMMUNITY TRUST

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2024

Clients we helped

During this reporting period the Trust:

In addition to our regular work, the trust collaborated with the charity Hertfordshire Welcomes Refugees to support Ukrainian refugees and asylum seekers who had been given the right to remain in the UK and were resettling in Dacorum. The most reported client issues were:

Items issued

As per the Trust’s policy, clients were limited to receiving one new large appliance in a 12-month period. Our supplementary supply of secondhand white goods and beds was temporarily halted because the supplier ceased trading. We entered into an informal agreement with Emmaus for the purchase and delivery of second-hand beds and small furniture.

Some clients required several essential household items, particularly those moving into empty properties. Clients were given details of other local agencies to contact for additional help with household items and vouchers.

The Trust issued repeat energy and supermarket vouchers dependent on family circumstances. The Trust also distributed small, donated essentials including bedding, curtains and kitchen items.

The top three items issued were:

A school uniform grant from Hertfordshire Community Foundation (Early Years Team at Herts CC) enabled the trust to supply 48 families with school uniforms for young children starting school in the 2023-24 academic year.

Family Fund Business Services was the trust’s main supplier for white goods, beds and energy vouchers. They provided a reliable service including delivery, installation and a 3-year warranty on white goods. Energy vouchers were issued three times daily, Monday to Friday.

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Docusign Envelope ID: D6A1E73E-BF3F-414D-8A9C-3F97C804DCD4

DACORUM COMMUNITY TRUST

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2024

STAFF AND VOLUNTEERS

Staff changes

Rosie Ware left the team. Amy Green joined the team.

Staffing levels

Our chairperson of trustees, Tony Williams and vice chairperson, Sue Pesch, resigned after 19 and over 17 years respectively. Tony Williams accepted the role of vice chairman and Sue Pesch remained as a trustee. Existing trustee, Claire Furnell-Williams, was nominated and elected as the new chairperson of trustees. Two new trustees, Owen Cooper and Bobby Keer joined the Board and two new trustee applications were received.

Owen Cooper resigned as a trustee on 4th January 2024.

Amy Green joined the trust as a support worker and to work on our website and social media platforms. The team was supported by an increased number of volunteers in the office who brought a variety of skills, experience and talent to the trust. We also benefited from assistance provided by several occasional volunteers who helped with events, IT and social media

The office model

The team operated a rota system with 4-5 people working in our two offices and the remainder working remotely. Staff and volunteers worked collaboratively via a secure shared IT team site. Information recorded on our client database continually evolved to monitor trends, capture statistics required for strategic planning and funding applications.

Weekly team meetings and monthly manager’s reports kept trustees, staff and volunteers informed of developments.

Wellbeing

Teamwork and collaboration underpinned our working relationships, both face-to-face and remotely. The positive nature of our work and regular client feedback provided a sense of encouragement and motivation for the team.

Some staff members and volunteers have backgrounds working with individuals experiencing mental health and addiction problems and were able to provide support and advice to colleagues working with complex clients as required.

Experienced staff members supported and mentored new and existing staff members. An allocated member of staff acted as a ‘buddy’ to volunteers and supported them in their respective roles.

In August 2023, trustees and the team held a get-together at Sunnyside Rural Trust. Community and fund-raising events throughout the year provided further team building opportunities.

In December 2023, trustees and the team were invited to attend our annual Christmas business lunch held with another local charity to celebrate our successes in the community.

Performance and achievements

The Trust’s year as the Mayor of Hemel Hempstead’s chosen charity concluded in May 2023 with the Mayor commending the trust for its work and invaluable contribution to the local community. The experience as the Mayor’s charity gave the Trust an unprecedented opportunity to raise its profile within the local community and to promote its work with various stakeholder groups.

In May 2023, the Trust was a finalist in the Hertfordshire County Council Families First Awards and received a certificate for supporting local families in crisis.

In September 2023, the Trust was formally recognised for its dedication to the local community when we were nominated for the King’s Award for Voluntary Service. Following the completion of the application process, a formal assessment was conducted by two Deputy Lieutenants from Hertfordshire. In October 2024, the trust learned that we had been granted the King's Award for Voluntary Service. Our team of trustees, staff and volunteers were delighted by this recognition of our service to our local community.

In January 2024 the Trust was delighted to receive substantial Lottery funding towards the Trust’s core costs for three years which was applied for and secured by our trust officer, Lydia Flack.

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Docusign Envelope ID: D6A1E73E-BF3F-414D-8A9C-3F97C804DCD4

COMMUNITY ENGAGEMENT

Partner agency relationships

The Trust maintained its good working relationships with primary partners, including Dacorum Borough Council, Citizens Advice Dacorum, South Hill Centre, Community Action Dacorum, Children’s Schools and Families, Social Services and DENs Foodbank. The Trust maintained a presence at key partnership meetings, including the Community Action Dacorum, Community Support and Steering Group meetings, Dacorum Borough Council meetings and partner annual general meetings.

Throughout the year, the Trust strengthened links with Hertfordshire Welcomes Refugees and South Hill Centre as we developed new ways to work together and triage practical support for refugees resettling in Dacorum.

The Trust developed a new pathway with South Hill Centre to refer clients who needed specialist help to their multi-agency clinic support sessions for services including debt advice, budgeting, housing, addiction, vocational training and finding employment.

The team welcomed visits from partner agencies at our weekly team meetings. Trustees, staff and volunteers visited our partner agencies, including South Hill Centre, DENs and Liberty Tearooms to share information.

In July 2023, the Trust participated in a voluntary sector networking event to meet the new Hemel Hempstead Mayor and local councillors. Four local councillors later visited the trust to learn more about our work.

Increasing community engagement

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Docusign Envelope ID: D6A1E73E-BF3F-414D-8A9C-3F97C804DCD4

DACORUM COMMUNITY TRUST

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2024

FUNDING Fundraising events

Christmas collections

-Waitrose donated 12 large soft toys to gift to local families.

-The Berkhamsted Toy Hub supplied the trust with new and nearly new gifts for children aged 0-16 years. The Trust distributed 150 Toy Hub gift bags for children locally.

FUNDING

Grants and donations

The Trust is extremely grateful for grants and donations received from all our benefactors who recognise the positive impact we have on local communities.

The trustees express their gratitude to all the funders including:

The trust would like to thank local community organisations and individuals who have very generously supported us including:

-Berkhamsted Rotary

Voluntary assistance, including:

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Docusign Envelope ID: D6A1E73E-BF3F-414D-8A9C-3F97C804DCD4

DACORUM COMMUNITY TRUST

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2024

Trust grants issued

The Trust has a long-established policy of issuing small one-off grants to local voluntary organisations who give specialist support to make a positive impact in the community. During the year, the Trust issued grants to:

-Cherished Domestic Violence Programme

-Headway Hertfordshire

Summary

In this reporting period, the Trust settled into a hybrid working approach for staff and clients. Throughout the cost of living crisis, there was growing financial pressure on households and we continued to see an increase in client applications. In response to this, we increased our office hours and based a volunteer at South Hill Centre to support new client referrals.

After long and dedicated service, our chairperson and vice chairperson stepped down and we welcomed a new chairperson of trustees. Our dedicated staff and volunteers shared a wealth of expertise and experience and worked closely together to positively impact members of our community.

The Trust’s work was recognised by the Mayor of Hemel Hempstead and Hertfordshire County Council Families First Awards. The Trust also received a nomination for the King’s Award for Voluntary Services.

The Trust has maintained good working relationships with our primary partners. We developed a stronger relationship with Hertfordshire Welcomes Refugees and the South Hill Centre, working together to support individuals and families resettling in Dacorum.

The Trust was very grateful for all the grants and donations that we received. Administering the Dacorum Borough Council Household Support Fund enabled the trust to support clients during the year. The National Lottery funding has given the Trust a degree of security until 2027, enabling the Trust to continue its invaluable work within our local community.

Reserves 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.

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:

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: Claire Furnell Williams Chairman Date: 28-01-2025 | 09:21 GMT

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Docusign Envelope ID: D6A1E73E-BF3F-414D-8A9C-3F97C804DCD4

DACORUM COMMUNITY TRUST

CHAIRMAN'S REPORT

FOR THE YEAR ENDED 31 MARCH 2024

It has been another busy year at Dacorum Community Trust, and as the one in which I took on the Chair of Trustees role, an eye opening one too. As trustees, we are involved in the running of the Trust but, as Chair, I am privileged to see just how much goes on behind the scenes, to achieve our outstanding results.

I must thank Tony Williams for his robust support, guidance and handholding after he stepped down as Chair after 19 years, and I am delighted that he has agreed to stay on as Vice-Chair for the foreseeable future. We bade a fond farewell to Sue Pesch who resigned as a trustee after over 30 years of vital service to our community to spend more time with her grandchildren – we thank her for her service.

We also said a fond farewell to our colleague Rosie Ware and were joined in the early part of the year by Amy Green, as a support worker but also to help manage our social media platforms and presence. She quickly fitted into our tight knit team and is proving a huge asset. As ever we must pay tribute to our small but beautiful team, Dena, Lydia, Rosemary, Barbara and Mark. Without their efforts we simply could not achieve what we do.

It saddens me that we see no decrease in people coming to us for help, indeed we have seen a 9% increase in applications for support. But it warms my heart that through the dedication of the team we have the funds to be able to support those in need in the community and the rigid structures to enable us to help those REALLY in need. Sadly, with the recent changes including the removal of winter fuel payments and the increase in employers NI payments, we expect to see more applications for help from both retired people and working families. The trustees' report on pages 3 to 8 provides a detailed account on our work and achievements over the year.

We have been honoured with continued support from both the National Lottery and Dacorum Borough Council - who put their faith in us to distribute funds to people in need in Dacorum.

It is my aim for the Trust this coming year to push through an initiative that I would like to call “Meaningful Volunteering”, an initiative to help encourage businesses to donate their time and skills to charities to help with their work. Why would you have your HR Manager pick up litter for the day, your accountant plant a tree or your IT Technician paint a wall? Their services are very much more use to local charities such as Dacorum Community Trust by offering us small parcels of work in contract writing, financial support or IT support. We have been very lucky to have received the services of V12 Technology who support our IT systems and advise on any updates – they save us thousands of pounds every year, money that is much better spent getting those grants to people who really need them.

On the 14[th] of November 2024 we received the news that we had been hoping for so long – Dacorum Community Trust was honoured with the Kings Award for Voluntary Service. As one of only 281 charities in the UK honoured in this way this year. It is an understatement to say that we are delighted. This award is testament to the hard work, dedication and overall care for our community that our team has showed over the past almost 50 years… it is an award for our dedicated staff, our trustees, our volunteers, our donors and all those who have been part of the Trust’s work over the years.

I couldn’t be prouder of the work this amazing little charity does - the sheer number of people we help and I can’t wait to be part of its future as we look ahead to our Golden Anniversary in 2026.

Claire Furnell Williams

Chair of Trustees November 2024

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Docusign Envelope ID: D6A1E73E-BF3F-414D-8A9C-3F97C804DCD4

DACORUM COMMUNITY TRUST

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

FOR THE YEAR ENDED 31 MARCH 2024

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 2024

Responsibilities and basis of report

As the trustees of the Charity 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 have 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 249 Silbury Boulevard Milton Keynes Buckinghamshire MK9 1NA

Date: 28-01-2025 | 10:38 GMT

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Docusign Envelope ID: D6A1E73E-BF3F-414D-8A9C-3F97C804DCD4

DACORUM COMMUNITY TRUST

STATEMENT OF FINANCIAL ACTIVITIES

FOR YEAR ENDED 31 MARCH 2024

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
5
NET MOVEMENT IN FUNDS
Balance Brought Forward at 1 April 2023
Reclassification in respect of prior year
Balance Carried Forward at 31 March 2024
10		 Unrestricted
Funds
£
44,975
11,553
4,208		 Restricted
Funds
£
112,886
-
-
112,886
-
(94,974)
-
(94,974)
17,912
-
17,912
116,940
(16,759)
118,093		 2024
Total
£
157,861
11,553
4,208		 2023
Total
£
166,457
14,907
4,481		 2023
Total
60,736 173,622 185,845
(4,382)
(99,971)
(2,670)		 (4,382)
(194,945)
(2,670)		 (5,803)
(167,657)
(1,860)
(107,023) (201,997) (175,320)
(46,287)
8,769		 (28,375)
8,769		 10,525
(7,462)
(37,518)
108,456
16,759		 (19,606)
225,396
-		 3,063
222,333
-
87,697 205,790 225,396

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Docusign Envelope ID: D6A1E73E-BF3F-414D-8A9C-3F97C804DCD4

DACORUM COMMUNITY TRUST

BALANCE SHEET

AS AT 31 MARCH 2024

|Note
FIXED ASSETS
Investments
Stocks and shares
5
Equipment
6
CURRENT ASSETS
Debtors 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
For and on behalf of the Trustees
Date: 2024|£
£
£
£
82,158
196,389
894
2,404
83,052
198,793
906
2,895
131,825
33,693
132,731
36,588
9,993
9,985
122,738
26,603
205,790
225,396
87,697
108,456
118,093
116,940
205,790
225,396
C Furnell Williams
Chairman
M Edis
Treasurer
2024
2023
28-01-2025 | 09:21 GMT
28-01-2025 | 10:17 GMT| |---|---| |||

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Docusign Envelope ID: D6A1E73E-BF3F-414D-8A9C-3F97C804DCD4

DACORUM COMMUNITY TRUST

NOTES TO THE FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2024

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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2 INCOME

Donations
Berkhamsted Rotary
Caritas Fund
Dacorum Borough Council - HCC
Gifts in kind
Just Giving
Hemel Hempstead Rotary
Herts Community Foundation
HCC Locality Budget
HCC School uniform
National Lottery (Contribution to Staff costs)
Through Flow Grants
Other
Investment Income
Interest/Dividends		 Unrestricted
Restricted
£
£
-
3,490
-
2,500
10,000
90,000
17,565
-
-
-
750
-
-
-
-
-
-
2,500
7,083
14,166
-
230
9,577
-		 2024
2023
Total
Total
£
£
3,490
3,000
2,500
2,000
100,000
105,000
17,565
12,976
-
6
750
2,830
-
5,000
-
8,775
2,500
-
21,249
-
230
650
9,577
26,220
44,975
112,886		 157,861
166,457
2024
2023
£
£
4,208
4,481
4,208
4,481

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Docusign Envelope ID: D6A1E73E-BF3F-414D-8A9C-3F97C804DCD4

DACORUM COMMUNITY TRUST NOTES TO THE FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2024

2023/2024
Cost of generating funds
Charitable activities
Core activities
Batchworth Trust
Berkhamsted Rotary
Caritas
DBC / HCC
HCC School Uniform
Herts Community Foundation
HCC Locality Budget
Through Flow Grants
Governance costs
Total resources expended
2022/2023
Total resources expended
Other direct costs include:
Grants made
Gifts in kind distributed
Support costs include:
Advertising and Promotions
Printing, Postage and Stationery
Telephone
Rent
Insurance
Sundry
Depreciation
Bank charges
Governance
Training and Trustee Strategy meeting
Payroll Costs
IT Support
Website
Affiliation fees, Licences, Conferences etc
Governance costs comprise:
Independent Examination Fees		 Staff
Costs
£
71,880
-
-
-
-
-
-
-
-		 Other
Direct Costs
£
4,382
18,609
63
70
1,618
85,263
2,500
3,135
2,095
230		 Support
Costs
£
-
9,482
-
-
-
-
-
-
-
-		 2024
Total
£
4,382
99,971
63
70
1,618
85,263
2,500
3,135
2,095
230
71,880
-		 113,583
2,670		 9,482
-		 194,945
2,670
71,880 120,635 9,482 201,997
65,505 100,193 9,622 175,320
Core
incl. grants
1,044
17,565		 Restricted
Funds
94,974
-		 2024
96,018
17,565		 2023
79,554
12,976
18,609 94,974 113,583 92,530
803
300
1,161
1,412
796
756
1,510
180
76
512
574
882
520
-		 -
-
-
-
-
-
-
-
-
-
-
-
-
-		 803
300
1,161
1,412
796
756
1,510
180
76
512
574
882
520
-		 824
714
1,060
1,462
755
403
2,337
180
47
-
446
1,118
240
36
9,482 - 9,482 9,622
2,670 - 2,670 1,860

13

Docusign Envelope ID: D6A1E73E-BF3F-414D-8A9C-3F97C804DCD4

DACORUM COMMUNITY TRUST

NOTES TO THE FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2024

4
STAFF COSTS AND NUMBERS
Staff costs were as follows:
Salaries and wages
Employer's pension contributions
No employee received emoluments of more than £60,000.
No trustee received any remuneration or expenses.
The average weekly number of employees during the year was as follows:
Remuneration of key management personnel during the year amounted to
2024: £23,109 (2023: £ 22,100).
5 INVESTMENTS
Stocks and shares
As at 1 April 2023
Additions
Disposals
Revaluation gain/(loss)
At 31 March 2024
COIF 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.		 At
31 March 2024		 2024
£
71,151
729		 2023
£
64,737
768
71,880 65,505
2024
6		 2023
5
2024
£
196,389
30,000
(153,000)
8,769		 2023
£
160,851
65,000
(22,000)
(7,462)
82,158 196,389
A
31 Marc		 t
h 2023
MV
Cost
£
£
82,158
71,755		 MV

£
196,389		 Cost
£
174,381
£
46,639
35,519		 %
56.8
43.2

6 TANGIBLE FIXED ASSETS

6 TANGIBLE FIXED ASSETS
Cost
As at 1 April 2023
Addtions
At 31 March 2024
Depreciation
As at 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
7 DEBTORS AND PREPAYMENTS
Interest and Dividends Accrued
Other debtors
Prepayments
8 CREDITORS
Accruals and Deferred Income		 Total
£
7,809
-		 Computer
equipment
£
7,809
-
7,809 7,809
(5,405)
(1,510)		 (5,405)
(1,510)
(6,915) (6,915)
894 894
2,404 2,404
2024
£
-
906
-		 2022
£
1,324
1,336
235
906 2,895
2024
£
9,993		 2022
£
9,985
9,993 9,985

14

Docusign Envelope ID: D6A1E73E-BF3F-414D-8A9C-3F97C804DCD4

DACORUM COMMUNITY TRUST

NOTES TO THE FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2024

9 ANALYSIS OF NET ASSETS BY FUND

CURRENT YEAR
Fixed Asset & Investments
Debtors and Prepayments
Cash at Bank and in Hand
Creditors Due Within One Year
and Income in Advance
PRIOR YEAR
Fixed Asset & Investments
Debtors and Prepayments
Cash at Bank and in Hand
Creditors Due Within One Year
and Income in Advance
MOVEMENTS IN FUNDS
CURRENT YEAR
Restricted funds:
Batchworth Trust
Berkhamsted Rotary
Berkhamsted Town Council
Box Moor Trust
Caritas Fund
Dacorum Borough Council Single childless couples
Dacorum Borough Council / Herts County Council
Herts Community Foundation
HCC Locality
HCC School Uniform
National Lottery
Through Flow Grants
Total restricted funds
Unrestricted funds:
General funds
Designated funds
Total unrestricted funds		 At
1 April 23
£
63
1,167
2,120
2,631
11,253
92,257
3,135
4,314
-		 Incoming
Resources
£
3,490
2,500
90,000
2,500
14,166
230		 Unrestric Restricted
Funds

ted Funds		 2024
Total
£
83,052
906
131,825
(9,993)
~~General~~
£
30,387
906
17,659
(3,226)		 ~~Designated~~
£
£
41,971
10,694
-
-
-
114,166
-
(6,767)
45,726 41,971
118,093		 205,790
Unrestric Restricted
Funds

ted Funds		 2023
Total
£
198,793
2,895
33,693
(9,985)
~~General~~
£
31,050
2,895
16,173
(5,860)		 ~~Designated~~
£
£
64,198
103,545
-
-
-
17,520
-
(4,125)
44,258 64,198
116,940		 225,396
Outgoing
Resources
£
(63)
(70)
(1,618)
(85,263)
(3,135)
(2,095)
(2,500)
(230)		 Other
Transfers
Gains

£
£
(1,167)
(2,120)
(11,253)
(2,219)		 At
31 March 24
£
-
3,420
-
-
3,513
-
96,994
-
-
-
14,166
-
116,940 112,886 (94,974) -
(16,759)		 118,093
44,258
64,198		 60,736
-		 (107,023)
-		 8,769
38,986
(22,227)		 45,726
41,971
108,456 60,736 (107,023) 8,769
16,759		 87,697

10 MOVEMENTS IN FUNDS

15

Docusign Envelope ID: D6A1E73E-BF3F-414D-8A9C-3F97C804DCD4

DACORUM COMMUNITY TRUST

NOTES TO THE FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2024

10 MOVEMENTS IN FUNDS (CONTINUED)
PRIOR YEAR
Restricted funds:
Batchworth Trust
Berkhamsted Rotary
Berkhamsted Town Council
Box Moor Trust
Caritas Fund
Dacorum Borough Council Homeless Fund
Dacorum Borough Council Single childless couples
Dacorum Borough Council Window covering/inflatable mattresses
Dacorum Borough Council / Herts County Council
Dacorum Borough Council White goods
Greggs
Help the Homeless
Herts CC Locality
Herts Community Foundation
Hertfordshire Funding Network
Tesco (Covid/groundworkd)
Through Flow Grants
Total restricted funds
Unrestricted funds:
General funds
Designated funds
Total unrestricted funds		 At
1 April 22
£
3,438
-
1,342
3,019
1,944
1,816
19,173
1,445
48,789
646
648
380
-
-
2,235
674
-		 Incoming
Resources
£
-
3,000
-
-
2,000
94,500
-
7,897
5,000
650		 Outgoing
Resources
£
(3,375)
(3,000)
(175)
(899)
(1,313)
(1,816)
(7,920)
(1,445)
(51,032)
(646)
(648)
(380)
(3,583)
(1,865)
(2,235)
(674)
(650)		 Other
Transfers
Losses

£
£		 At
31 March 23
£
63
-
1,167
2,120
2,631
-
11,253
-
92,257
-
-
-
4,314
3,135
-
-
-
85,549 113,047 (81,656) -
-		 116,940
43,135
93,649		 72,798
-		 (93,664)
-		 (7,462)
29,451
(29,451)		 44,258
64,198
136,784 72,798 (93,664) (7,462)
-		 108,456

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.

Berkhamsted Town Council

To be used for grants towards energy, supermarket vouchers living in Berkhamsted

Box Moor Trust

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

Caritas Fund

To be used for smaller amounts of grants issued to clients

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 - Herts County Council

To be used for DBC clients, issuing emergency Gas, Electric vouchers, supermarket vouchers and purchasing white goods

Dacorum Borough Council - White goods

To be used for DBC clients, urgently requiring white goods

16

Docusign Envelope ID: D6A1E73E-BF3F-414D-8A9C-3F97C804DCD4

DACORUM COMMUNITY TRUST

NOTES TO THE FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2024

10 MOVEMENTS IN FUNDS (CONTINUED)

HCC Locality

To be used for clients living in Dacorum for energy and supermarket vouchers

Greggs Foundation

To be used for bedding starter packs and essential items, including washing machines

Help The Homeless

To be used for purchasing white goods and carpet flooring.

Herts Community Foundation

Grant to be used for client energy and supermarket vouchers

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.

Transfers

During the year, following a review of the Restricted Funds portfolio, four funds were reclassified as being unrestricted in nature. As a result, a transfer of £16,759 was made from the Restricted Funds to the General Funds.

17