Community Action Dacorum
(Working Name for: Dacorum Council for Voluntary Service)
Annual Report and Consolidated Financial Statements
For the year ended 31 March 2023
A non - profit company limited by guarantee Company number: 01745852 (England & Wales) Charity number: 288080
Dacorum Council For Voluntary Service
Contents
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Page
Reference and administrative details 1
Auditors' report 2
Consolidated Statement of Financial Activities 5
Statement of Financial Activities 6
Consolidated Balance Sheet 7
Balance Sheet 8
Consolidated Cashflow Statement 9
Notes to the Financial Statements 10
Report of the Board of Trustees Appendix
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Dacorum Council For Voluntary Service
Legal and administrative information
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Company number: 01745852
Charity number: 288080
Registered office: 48 High Street
Hemel Hempstead
Hertfordshire
HP1 3AF
Directors and Trustees: Colin Gage (Chairman)
Tina Howard (Vice Chair)
Doug Root (Vice-Chair)
Chris Dove (Hon. Treasurer)
William Allen
Peter Ashmn
John Birnie
Margaret Griffiths
Pushpa Kalu
Richard Roberts
Sally Symington
Roger Taylor
Helen Young
Chief Executive Officer: Simon Aulton
Deputy Chief Executive Officer: Helen Mutio
Accountants: LB Group
Swift House
18 Hoffmanns Way
Chelmsford
CM1 1GU
Auditors: Moore Kingston Smith LLP
4 Victoria Square
St Albans
Hertfordshire
AL1 3TF
Bankers: Metro Bank
56-58 Marlowes
Hemel Hempstead
Hertfordshire
HP1 1DX
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1
Dacorum Council For Voluntary Service
Independent Auditor's Report to the Trustees of Dacorum Council for Voluntary Service
Opinion
We have audited the financial statements of Dacorum Council For Voluntary Service (the 'parent company’) and its subsidiaries (the 'group') for the year ended 31 March 2023 which comprise the Group Statement of Financial Activities, the Company Statement of Financial Activities, the Group Balance Sheet, the Parent Balance Sheet, the Group Cash Flow Statement and notes to the financial statements including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Ireland’ (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
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give a true and fair view of the state of the group and charitable company’s affairs as at 31 March 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act 2011
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs(UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the audit of financial statements section of our report. We are independent of the group and charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
-
the information given in the trustees’ annual report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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the trustees’ annual report have been prepared in accordance with applicable legal requirements.
2
Dacorum Council For Voluntary Service
Independent Auditor's Report to the Trustees of Dacorum Council for Voluntary Service
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
-
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees’ remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the trustees’ responsibilities statement set out on page 10, the trustees (who are also the directors of the group and charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the group and charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
We have been appointed as auditor under the Companies Act 2006 and section 151 of the Charities Act 2011 and report in accordance with those Acts.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.
Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud
The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the
Our approach was as follows:
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We obtained an understanding of the legal and regulatory requirements applicable to the group and charitable company and considered that the most significant are the Companies Act 2006, the Charities Act 2011, the Charity SORP, and UK financial reporting standards as issued by the Financial Reporting Council.
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We obtained an understanding of how the charitable company complies with these requirements by
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We assessed the risk of material misstatement of the financial statements, including the risk of material
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We inquired of management and those charged with governance as to any known instances of non-
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Based on this understanding, we designed specific appropriate audit procedures to identify instances of non-compliance with laws and regulations. This included making enquiries of management and those charged with governance and obtaining additional corroborative evidence as required.
3
Dacorum Council For Voluntary Service Independent Auditor's Report to the Trustees of Dacorum Council for Voluntary Service
As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
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Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
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Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the group and parent charitable company’s internal control.
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Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
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Conclude on the appropriateness of the trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group and charitable company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the group and charitable company to cease to continue as a going concern.
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Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
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Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit report.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Use of our report
This report is made solely to the group and charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the group and company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to any party other than the group and charitable company and charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
……………………………………………….
Silvia Vitiello
Senior Statutory Auditor For and on behalf of Moore Kingston Smith LLP, Statutory Auditor
4 Victoria Square St Albans Hertfordshire AL1 3TF
Date: 7th December 2023
4
Dacorum Council For Voluntary Service
Consolidated Statement of Financial Activities
For the year ended 31 March 2023
| Note INCOME AND ENDOWMENTS: Donations and legacies 2 Other trading activities Income from investments 3 Income from charitable activities 4 Total Income and Endowments EXPENDITURE: Expenditure on charitable activities 5 Total Expenditure Transfers 14 Reconciliation of Funds Balance brought forward at 1st April 2022 Balance carried forward at 31st March 2023 14 Net (Expenditure)/Income before other recognised gains and losses 8 Net (Expenditure)/ income after transfers between funds |
Restricted General Designated Funds £ £ £ 810,002 - - 7,903 - - 1,328 - - 819,233 - - 2,302,822 - - 2,302,822 - - 3,122,055 - - 2,748,672 - 10,789 2,748,672 - 10,789 373,383 - (10,789) (529,000) 529,000 - (155,617) 529,000 (10,789) 1,171,168 261,789 14,747 1,015,551 790,789 3,958 Unrestricted Funds 2023 |
Total Funds £ 810,002 7,903 1,328 819,233 2,302,822 2,302,822 3,122,055 2,759,461 2,759,461 362,594 - 362,594 1,447,704 1,810,298 |
Restricted General Designated Funds £ £ £ 900,444 - - 5,679 - - 112 - - 906,235 - - 2,091,645 - - 2,091,645 - - 2,997,880 - - 2,472,448 - 2,472,448 - - 525,432 - - (261,789) 261,789 - 263,643 261,789 - 907,525 - 14,747 1,171,168 261,789 14,747 Unrestricted Funds 2022 |
Total Funds £ 900,444 5,679 112 906,235 2,091,645 2,091,645 2,997,880 2,472,448 2,472,448 525,432 - 525,432 922,272 1,447,704 |
|---|---|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year and all income and expenditure derive from continuing activities.
The notes on pages 11 to 22 form part of these financial statements.
5
Dacorum Council For Voluntary Service
Statement of Financial Activities
For the year ended 31 March 2023
| Note INCOME AND ENDOWMENTS: Donations and legacies 2 Other trading activities Income from investments 3 Income from charitable activities 4 Total Income and Endowments EXPENDITURE: Expenditure on charitable activities 5 Total Expenditure Transfers 14 Reconciliation of Funds Balance brought forward at 1st April 2022 Balance carried forward at 31st March 2023 14 Net (Expenditure)/Income before other recognised gains and losses 8 Net (Expenditure)/ income after transfers between funds |
Restricted General Designated Funds £ £ £ 1,061,893 - - 7,905 - - 971 - - 1,070,769 - - 408,964 - - 408,964 - - 1,479,733 - - 1,106,350 - 10,789 1,106,350 - 10,789 373,383 - (10,789) (529,000) 529,000 - (155,617) 529,000 (10,789) 1,171,168 261,789 14,747 1,015,551 790,789 3,958 2023 Unrestricted Funds |
Total Funds £ 1,061,893 7,905 971 1,070,769 408,964 408,964 1,479,733 1,117,139 1,117,139 362,594 - 362,594 1,447,704 1,810,298 |
Restricted General Designated Funds £ £ £ 1,279,703 - - 9,715 - - 70 - - 1,289,488 - - 395,422 - - 395,422 - - 1,684,909 - - 1,159,477 - - 1,159,477 - - 525,432 - - (261,789) 261,789 - 263,643 261,789 - 907,525 - 14,747 1,171,168 261,789 14,747 2022 Unrestricted Funds |
Total Funds £ 1,279,703 9,715 70 1,289,488 395,422 395,422 1,684,909 1,159,477 1,159,477 525,432 - 525,432 922,272 1,447,704 |
|---|---|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year and all income and expenditure derive from continuing activities.
The notes on pages 11 to 22 form part of these financial statements.
6
Dacorum Council For Voluntary Service Consolidated Balance Sheet For the year ended 31 March 2023
| Notes Fixed assets: Tangible assets 9 Total fixed assets Current assets: Debtors 12 Cash at bank and in hand Total current assets Liabilities: Creditors: Amounts falling due within one year 13 Net current assets Total assets less current liabilities The funds of the charity: Restricted funds 14 Designated Funds 14 Unrestricted funds General funds 14 Total funds |
£ £ 68,506 68,506 511,250 1,768,470 2,279,720 (537,927) 1,741,792 1,810,298 3,958 790,789 1,015,551 1,810,298 2023 |
£ 109,164 109,164 1,338,540 1,447,704 14,747 261,789 1,171,168 1,447,704 2022 |
|---|---|---|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006, relating to small companies.
These financial statements were approved by the members of the Board of Trustees on …................. and signed on their behalf by:7th Dec 23
......................................................
Mr Colin Gage Signed on behalf of the Board of Trustees
Charity number: 288080 Company number: 01745852 (England & Wales)
The notes on pages 11 to 22 form part of these financial statements.
7
Dacorum Council For Voluntary Service Balance Sheet For the year ended 31 March 2023
| Notes Fixed assets: Tangible assets 9 Investments 11 Total fixed assets Current assets: Debtors 12 Cash at bank and in hand Total current assets Liabilities: Creditors: Amounts falling due within one year 13 Net current assets Total assets less current liabilities The funds of the charity: Restricted funds 14 Designated funds 14 Unrestricted funds General funds 14 Total funds |
£ £ 62,784 1 62,785 1,293,185 854,181 2,147,366 (399,853) 1,747,513 1,810,298 3,958 790,789 1,015,551 1,810,298 2023 |
£ £ 102,785 1 102,786 1,037,759 909,509 1,947,268 (602,350) 1,344,918 1,447,704 14,747 261,789 1,171,168 1,447,704 2022 |
|---|---|---|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006, relating to small companies.
These financial statements were approved by the members of the Board of Trustees on …............... and signed on 7th Dec 23 their behalf by:
......................................................
Mr Colin Gage Signed on behalf of the Board of Trustees
Charity number: 288080 Company number: 01745852 (England & Wales)
The notes on pages 11 to 22 form part of these financial statements.
8
Dacorum Council For Voluntary Service
Consolidated Statement of Cash Flows For the year ended 31 March 2023
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Notes 2023 2022
£ £
Cash flows from operating activities:
Net cash provided by operating activities 1 78,220 144,094
Cash flows from investing activities:
Interest received 1,327 112
Purchase of property, plant and equipment (4,541) (24,405)
Proceeds on sale of fixed assets 47,399 -
Net cash used in investing activities 44,185 (24,294)
Change in cash and cash equivalents in
the reporting period 122,405 119,798
Cash and cash equivalents at the
beginning of the reporting period 1,646,065 1,526,267
Cash and cash equivalents at the end
of the reporting period 1,768,470 1,646,065
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9
Notes to the Consolidated Cash Flow Statement For the year ended 31 March 2023
Dacorum Council For Voluntary Service
1 Reconciliation of net income to net cash flow from operating activities
| Net income for the reporting period Adjustments for: Depreciation charges Interest received Decrease in debtors Increase in creditors Profit on disposal of assets Net cash provided by operating activities 2 Analysis of cash and cash equivalents Cash in hand Total cash and cash equivalents |
2023 £ 362,594 26,435 (1,328) (95,732) (185,115) (28,636) 78,220 1,768,470 1,768,470 |
2022 £ 525,432 30,429 (112) 9,855 (421,513) - 144,094 1,646,065 1,646,065 |
|---|---|---|
10
Dacorum Council For Voluntary Service
Notes to the Financial Statements For the year ended 31 March 2023
1 Accounting policies
Basis of preparation of the Financial Statements
The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and with the Companies Act 2006, The Charities Act 2011 and follows the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland ('the SORP'). The financial statements have been prepared on the historical basis except for the modification to a fair value basis for certain financial instruments as specified in the accounting policies below.
Going concern
The trustees have assessed whether the use of going concern is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charitable company to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of the approval of these financial statements. In particular, the trustees have considered the charitable company’s forecasts and projections and have taken account of pressures on fee income. After making enquiries, the trustees have concluded that there is a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. The charitable company therefore continues to adopt the going concern basis in preparing its financial statements.
Basis of consolidation
The results of DCVS Trading Limited have been consolidated on a line by line basis. The results for the subsidiary are disclosed in note 11.
Significant judgements and estimates
No items in these financial statements include significant judgements and estimates that management has made in the process of applying these accounting policies or that have a significant risk of causing material adjustment to the book value of assets and liabilities within the next financial year.
Incoming resources
Grants are recognised as income over the period to which they relate. Any grant funding received in advance is recognised as deferred income on the balance sheet.
All other incoming resources are recognised when the charity is entitled to the income, there is certainty of receipt and the monetary value can be measured with reasonable accuracy.
Resources expended and the basis of allocation of costs
Expenditure is accounted for on an accruals basis. Overheads and other costs not directly attributable to particular projects are apportioned to the relevant funds on the basis of management estimates of the amount attributable to that activity in the year, either by reference to staff, time or space occupied, as
Costs relating to a particular activity are allocated directly and others are apportioned on an appropriate staff basis. All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designated to reflect the use of the resources.
11
Dacorum Council For Voluntary Service
Notes to the Financial Statements For the year ended 31 March 2023
1 Accounting policies (continued)
Fixed assets
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less estimated residual value, over the expected useful life on the following basis:
Motor vehicles - 8 years Straight Line Office fixture and fittings - 20% Reducing Balance Computer equipment - 3 years Straight Line Lease premium - 7 years Straight Line
Investments
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the charitable company. Control is the power to govern the financial and operating policies of the intity so as to obtain benefits from its activities.
Financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial liabilities
Basic financial liabilities are initially measured at transaction price.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for a particular purpose.
Designated funds are reserves which have been earmarked for particular uses by the trustees.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
The charitable company was also part of the Local Government Pension Scheme (Herfordshire County Council). See note 16 for the details.
12
Dacorum Council For Voluntary Service
Notes to the Financial Statements For the year ended 31 March 2023
1 Accounting policies (continued)
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate at the date of the transaction. All differences are taken to the Statement of Financial Activities.
| 2.1 Donations and legacies Gifts and donations Sponsorship Affiliation fees Grants |
2023 2022 £ £ 9,900 2,358 7,001 2,851 17,338 435 775,763 894,800 810,002 900,444 Group |
|---|---|
Grants received, included in the above, are as follows:
| Dacorum Borough Council Hertfordshire County Council Other Grants |
2023 2022 £ £ 43,409 46,851 344,280 337,511 388,074 510,438 775,763 894,800 Group |
|---|---|
There was no restricted income during the current or prior year.
| 2.2 Donations and legacies Gifts and donations Sponsorship Affiliation fees Grants |
2023 2022 £ £ 261,792 381,618 7,000 2,850 17,338 435 775,763 894,800 1,061,893 1,279,703 Charity |
|---|---|
Grants received, included in the above, are as follows:
| Dacorum Borough Council Hertfordshire County Council Other Grants |
2023 2022 £ £ 43,409 46,851 344,280 337,511 388,074 510,438 775,763 894,800 Charity |
|---|---|
There was no restricted income during the current or prior year.
13
Dacorum Council For Voluntary Service
Notes to the Financial Statements For the year ended 31 March 2023
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|---|---|---|
|3.1|Investments|Group|
|2023|2022|
|£|£|
|Bank interest|1,328|112|
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There was no restricted investment income in the current or prior year.
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|---|---|---|
|3.2|Investments|Charity|
|2023|2022|
|£|£|
|Bank interest|971|70|
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There was no restricted investment income in the current or prior year.
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|---|---|---|
|4.1|Income from charitable activities|Group|
|2023|2022|
|£|£|
|Management fees|13,135|12,925|
|Contract income|2,061,657|1,905,716|
|Rent receivable|3,600|3,700|
|Earned income|194,688|158,846|
|Other income|1,106|10,458|
|-|
|Profit on disposal of fixed assets|28,636|
|2,302,822|2,091,645|
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There was no restricted income from charitable activities in the current or prior year.
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|---|---|---|
|4.2|Income from charitable activities|Charity|
|2023|2022|
|£|£|
|Management fees|65,635|60,925|
|Contract income|172,228|215,853|
|Rent receivable|3,600|3,700|
|Earned income|137,759|108,521|
|Other income|1,106|6,424|
|-|
|Profit on disposal of fixed assets|28,636|
|408,964|395,422|
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There was no restricted income from charitable activities in the current or prior year.
14
Dacorum Council For Voluntary Service
Notes to the Financial Statements For the year ended 31 March 2023
| 5.1 Expenditure on charitable activities Costs directly related to activities Activity costs Advertising and publicity Communication costs Computer costs Office expenses Events Insurance Staff conference and training Direct staff costs (note 7) Subscriptions and publications Translation / interpreting Premises costs Motor expenses Volunteer expenses Depreciation Sundry Foreign exchange (gain)/loss Other Advertising and publicity Staff costs (note 7) Communication costs Computer costs Office expenses Governance costs (note 6) Depreciation Sundry Bank charges |
Unrestricted Restricted Total 224,017 - 224,017 93 - 93 25,282 - 25,282 69,487 - 69,487 10,990 - 10,990 3,426 - 3,426 10,328 - 10,328 6,322 - 6,322 1,345,928 10,789 1,356,717 4,977 - 4,977 773,194 - 773,194 (1,691) - (1,691) 41,665 - 41,665 34,132 - 34,132 18,111 - 18,111 13,285 - 13,285 (10,470) - (10,470) 2,569,076 10,789 2,579,865 7 - 7 102,180 - 102,180 1,904 - 1,904 5,233 - 5,233 828 - 828 56,075 - 56,075 8,324 - 8,324 1,001 - 1,001 4,044 - 4,044 179,596 - 179,596 Group 2023 £ |
2022 £ Unrestricted 168,268 3,826 20,592 63,065 7,306 930 10,756 2,676 1,263,851 4,389 612,232 32,335 30,004 30,232 22,032 12,260 14,760 2,299,514 322 106,305 1,732 5,305 615 45,441 8,397 1,031 3,786 172,934 |
|---|---|---|
Support costs are allocated on a basis of time spent as determined by staff time allocation.
There was no restricted expenditure on charitable activities in the prior year.
15
Dacorum Council For Voluntary Service
Notes to the Financial Statements
For the year ended 31 March 2023
| 5.2 Expenditure on charitable activities Costs directly related to activities Activity costs Advertising and publicity Communication costs Computer costs Office expenses Events Insurance Staff conference and training Direct staff costs (note 7) Subscriptions and publications Premises costs Motor expenses Volunteer expenses Depreciation Sundry Foreign exchange (gain)/loss Other Advertising and publicity Staff costs (note 7) Communication costs Computer costs Insurance Governance costs (note 6) Depreciation Sundry Bank charges |
Unrestricted Restricted Total 185,104 - 185,104 64 - 64 13,700 - 13,700 32,743 - 32,743 6,675 - 6,675 3,392 - 3,392 10,328 - 10,328 322 - 322 618,264 10,789 629,053 2,423 - 2,423 (1,691) - (1,691) 41,665 - 41,665 34,132 - 34,132 18,111 - 18,111 8,277 - 8,277 (10,470) - (10,470) 964,140 10,789 974,929 36 - 36 47,376 - 47,376 7,707 - 7,707 18,418 - 18,418 - - - 50,612 - 50,612 6,155 - 6,155 4,659 - 4,659 3,493 - 3,493 142,210 - 142,210 Charity £ 2023 |
2022 £ Unrestricted 139,852 2,765 10,676 36,488 4,991 930 10,756 2,676 672,599 2,448 32,335 30,004 30,200 22,032 8,229 14,760 1,021,741 1,383 56,574 5,338 18,244 - 39,013 7,121 4,118 3,450 137,736 |
|---|---|---|
Support costs are allocated on a basis of time spent as determined by staff time allocation.
There was no restricted expenditure on charitable activities in the prior year.
| 6.1 Governance costs Auditors' remuneration Professional fees There were no restricted governance costs in the year. 6.2 Governance costs Auditors' remuneration Professional fees There were no restricted governance costs in the year. |
2023 2022 £ £ 23,607 17,500 32,468 27,941 56,075 45,441 2023 2022 £ £ 18,144 11,112 32,468 27,901 50,612 39,013 Charity Group |
|---|---|
16
Dacorum Council For Voluntary Service
Notes to the Financial Statements For the year ended 31 March 2023
| 7.1 Staff costs - Group Wages and salaries Social security costs Other pension costs |
2023 £ 1,376,057 59,296 23,544 1,458,897 |
2022 £ 1,280,041 69,024 21,091 1,370,156 |
|---|---|---|
Included in staff costs above are costs in relation to contracted workers engaged via workers' agreements for translation and adult learning services. These workers are not employees of the charity.
Number of employees - Group
| The average number of employees including workers during the year was: Management Administration Activity 7.2 Staff costs - Charity Wages and salaries Social security costs Other pension costs Number of employees - Charity The average number of employees during the year was: Management Administration Activity |
2023 10 8 239 257 2023 £ 629,085 33,634 13,710 676,429 2023 10 8 32 50 |
2022 10 8 214 232 2022 £ 691,580 35,101 2,492 729,173 2022 10 8 36 54 |
|---|---|---|
Key management personnel include the Chief Executive Officer and Deputy Chief Executive Officer. The total employee benefits of the Group and Charity's key management personnel were £125,210 (2022: £117,708).
No trustees received any remuneration or were reimbursed for any expenses in the current or prior year.
| 8.1 Net incoming / outgoing resources Net movements in resources are stated after charging / (crediting): Auditors' remuneration Depreciation Loss / (gain) on foreign exchange 8.2 Net incoming / outgoing resources Net movements in resources are stated after charging / (crediting): Auditors' remuneration Depreciation Loss / (gain) on foreign exchange |
2023 2022 £ £ 23,607 17,500 26,435 30,429 (10,470) 14,760 2023 2022 £ £ 18,144 11,112 24,266 29,153 (10,470) 14,760 Group Charity |
|---|---|
17
Dacorum Council For Voluntary Service
Notes to the Financial Statements For the year ended 31 March 2023
| 9 A) Tangible fixed assets Group Cost: At 1 April 2022 Additions Disposals At 31 March 2023 Depreciation: At 1 April 2022 Charge for the year Eliminated on disposal At 31 March 2023 Net Book Value: At 31 March 2023 At 31 March 2022 9 B) Tangible fixed assets Charity Cost: At 1 April 2022 Additions Disposals Transferred to DCVS At 31 March 2023 Depreciation: At 1 April 2022 Charge for the year Eliminated on disposal At 31 March 2023 Net Book Value: At 31 March 2023 At 31 March 2022 |
£ 16,622 - - 16,622 16,622 - - 16,622 - - £ 16,622 - - 16,622 16,622 - - 16,622 - - Short Term Lease Short Term Lease |
£ 345,285 - (60,467) 284,818 256,700 18,111 (42,187) 232,624 52,194 88,585 £ 345,285 - (60,467) 284,818 256,700 18,111 (42,187) 232,624 52,194 88,585 Motor Vehicles Motor Vehicles |
£ 212,804 4,541 (12,087) 205,258 192,225 8,324 (11,603) 188,946 16,312 20,579 £ 186,301 4,541 (12,087) (1,510) 177,245 172,101 6,157 (11,603) 166,655 10,590 14,200 Plant & machinery Plant & machinery |
£ 574,711 4,541 (72,554) 506,698 465,547 26,435 (53,790) 438,192 68,506 109,164 £ 548,208 4,541 (72,554) (1,510) 478,685 445,423 24,268 (53,790) 415,901 62,784 102,785 Total Total |
|---|---|---|---|---|
10 Freehold property
The company holds the freehold of 3 St Mary's Road, Hemel Hempstead. This is subject to an equitable interest with Hightown Praetorian Housing Association Limited who are entitled to receive one half of the sale proceeds if the property is ever sold. The property is currently let to Dacorum Borough Council on a 125 year lease at a peppercorn rent. The lease commenced in December 1995.
18
Dacorum Council For Voluntary Service
Notes to the Financial Statements For the year ended 31 March 2023
11 Fixed Asset Investments
The company has a trading subsidiary, DCVS Trading Limited, of which it is the sole shareholder. The company is incorporated in England & Wales and its registration number is 01745852.
In the year ended 31 March 2023 the company made profits of £nil and at the period end had net assets of £1 after donating profits of £251,891 (2022: £379,259) to the charity.
| Cost as at 1 April 2022 Additions Disposals Cost as at 31 March 2023 12 Debtors Trade debtors Prepayments and other debtors Amounts due from trading subsidiary 13 Trade creditors Funds held for others Tax and social security costs Deferred income Other creditors Movement in deferred income Deferred income brought forward Released in year New provision added Deferred income carried forward Creditors: amounts falling due within one year |
Group £ - - - - 2023 2022 £ £ 202,859 149,391 308,390 266,126 - - 511,250 415,518 2023 2022 £ £ 75,901 76,930 129,898 119,882 92,043 96,421 117,675 334,312 122,410 95,497 537,927 723,042 334,312 646,361 (334,312) (646,361) 117,675 334,312 117,675 334,312 Group Group |
Charity £ 1 - - 1 2023 2022 £ £ 61,889 34,535 138,938 101,558 1,092,358 901,666 1,293,185 1,037,759 2023 2022 £ £ 75,901 76,930 129,898 119,882 (4,478) 16,996 132,074 335,277 66,458 53,265 399,853 602,350 335,277 636,361 (335,277) (636,361) 132,074 335,277 132,074 335,277 Charity Charity |
|---|---|---|
Income is recognised in the year to which it relates, these conditions are set by grants and contracts.
19
Dacorum Council For Voluntary Service
Notes to the Financial Statements For the year ended 31 March 2023
14 A) Reserves - Group
| General Reserve | At 1 April 2022 At 31 March 2023 £ £ £ £ £ 1,171,168 3,122,055 (2,748,672) (529,000) 1,015,551 Incoming resources Resources expended Transfers |
|---|---|
| Total unrestricted funds | 1,171,168 3,122,055 (2,748,672) (529,000) 1,015,551 |
| Designated funds Development fund Potential move of premises Subsidiary reduced profitability |
261,789 - - - 261,789 - - - 250,000 250,000 - - - 279,000 279,000 |
| Total designated funds | 261,789 - - 529,000 790,789 |
| Dacorum CSP TLI Highfield |
7,680 - (7,680) - - 3,109 - (3,109) - - 3,958 - - - 3,958 |
| Total restricted funds | 14,747 - (10,789) - 3,958 |
| Total funds | 1,447,704 3,122,055 (2,759,461) - 1,810,298 |
| 14 B) Reserves - Charity General Reserve |
At 1 April 2022 At 31 March 2023 £ £ £ £ £ 1,171,168 1,479,733 (1,106,350) (529,000) 1,015,551 Incoming resources Resources expended Transfers |
| Total unrestricted funds | 1,171,168 1,479,733 (1,106,350) (529,000) 1,015,551 |
| Designated funds Development fund Potential move of premises Subsidiary reduced profitability |
261,789 - - 261,789 - - - 250,000 250,000 - - - 279,000 279,000 |
| Total designated funds | 261,789 - - 529,000 790,789 |
| Dacorum CSP TLI Highfield |
7,680 - (7,680) - - 3,109 - (3,109) - - 3,958 - - - 3,958 |
| Total restricted funds | 14,747 - (10,789) - 3,958 |
| Total funds | 1,447,704 1,479,733 (1,117,139) - 1,810,298 |
20
Dacorum Council For Voluntary Service
Notes to the Financial Statements For the year ended 31 March 2023
14 Reserves (continued)
During the year the Trustees took the decision to designate £529,000 to two reserves. £250,000 was designated to costs of a potential move of premises in future years and £279.000 was designated againsts a possible downturn in the fortunes of the trading subsidiary DCVS Limited. Included in designated funds brought forward was £261,789 of development funds for the expansion and modernisation of the charity. Restricted funds are not material. The trustees are going to seek clarification of the restriction in relation to the Highfield Fund.
| 15 A) Analysis of net assets - Group Fixed Assets Debtors Cash at bank and in hand 15 B) Analysis of net assets - Charity Fixed Assets Debtors Cash at bank and in hand Creditors: amounts falling due within one year Creditors: amounts falling due within one year |
General £ 68,506 511,250 973,723 (537,927) 1,015,551 General £ 62,785 1,293,185 59,434 (399,853) 1,015,551 |
Designated £ - - 790,789 - 790,789 Designated £ - - 790,789 - 790,789 |
Restricted £ - - 3,958 - 3,958 Restricted £ - - 3,958 - 3,958 |
Total £ 68,506 511,250 1,768,470 (537,927) 1,810,298 Total £ 62,785 1,293,185 854,181 (399,853) 1,810,298 |
|---|---|---|---|---|
16 Pension commitments
The charity operates a defined contribution scheme. Contributions payable by the charity to the fund amounted to £22,120 during this year (2022 - £21,090).
There was an outstanding contribution amount at 31 March 2023 of £724 (2022: £4,826).
The Charity was part of the Local Government Pension Scheme (Hertfordshire County Council). An actuarial valuation was prepared by Hymans Robertson LLP for the year ended 31 March 2016. This report indicated a possible pension deficit that is indeterminable and under discussion.
17 Operating lease commitments
Leases:
At the reporting end date, the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
| Due within one year Due after one year |
2023 £ 1,152 1,056 2,208 |
2022 £ 4,132 4,760 8,892 |
|---|---|---|
18 Share Capital
The company has no share capital and is limited by guarantee. Each members liability is limited to £1.
21
Dacorum Council For Voluntary Service
Notes to the Financial Statements For the year ended 31 March 2023
19 Related party transactions
DCVS Trading Ltd is a wholly owned subsidiary of Dacorum Council for Voluntary Service. It is a company registered in England and Wales with the same registered office.
The Charity has taken the exemption under paragraph 33 of FRS 102 Section 1A from disclosing related party transactions with wholly owned subsidiaries.
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