Charity registration number 1082004 Company registration number 03958793 IEngland and Walesl DARTFORD ARTS CENTRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
DARTFORD ARTS CENTRE LEGAL AND ADMINISTRATIVE INFORMATION Trustees MrJ Emery Or M Kingham Mr D Oldcorn Mr P Scutts Miss V Slrellon Mr C Dorrian Miss N Franklin-Pier Charlty number 1082004 Company number 03958793 R6glstered office The Mick Jagger Centre Shepherds Lane Dartford Kenl DA12JZ Indèpendent examiner Louise Hallsworth, FCA Baxter & Co Chartered Certified Accounlanls Lynwood House. Crofton Road Orpington Kent BR6 8oE Bankers Bardays Bank PLC Lowfield Str8el Dartford Kent DA1 1HD
DARTFORD ARTS CENTRE CONTENTS Page Trustees, report Independent examinei's rtrport Statement ol financial a¢livities Balance sheet Notes to the financial sl8tements 7-15
DARTFORD ARTS CENTRE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTI FOR THE YEAR ENDED 31 AUGUST 2022 The Trustees preselll their annual Teport and financial statements for the year ended 31 August 2022. The accounts have been prepared in 8ccordance with the accounting poliaes set out in note 1 to the accounts and cornply with the charity's governing document. a deed ol trust. the Companies Acl 2008 and the Statemenl of Recommended Practice, "Aceounling and Reporting by Charities" issued in March 2005. Objectives and activities The charity's objects are lo advance education in Dartford and the SLJrrounding area ill the performing and visual arts and lo promote the benefit of the inhabilanls ol Dartford and the SLJrrounding area by the prowsion of facilities in tha interest of social welfare for reuealion and leisure lime occupation. The maln objects and aelivilies for the year continue to focus on.. Improving the conditions of life for the inhabitants of Dartford by providing, managing and making available a base for the practice, leaching. perfoirnance and recording of music and related other arts. To make these facilities available to all inhabitants of Dartlord generally and by those who may otherwise be excluded, through physical or mental di5abilily, economic or. famity or social circumstances thereby encouraging the wide51 possible participation in the arts. The slralegles employed lo assist the chaTily to meet these objectives consisted ol.. Offering the opportunity for a broad range of the communily to g61 involved in arts acliwlies. Providing a venue for use of local community art groups, for live musi¢ and for local groups and individuals to showcase their talents. The Trustees have paid due ragard lo guidance on public benefit issued by the Charity Commission in dèciding whal actiwties the charity should undertake. During the year under review thè Centre continued lo prowde a venue for the use of local art groups and musical and dramatic performances and ils main activities have revolved around the provision of music tuition with ils Dartlord Music School project, funded frotn parental conliibulions, and the Red Rooster project, funded from contribution5 made by the Mick Jagger Foundation. Evening activities and private hires are now increasing post pandemic. The centre has taken over the rnanagemenl of the lettings relating to Becket Sport Cenlre. Achievements and performan¢e Dartford Music School.. The centre continues lo provide a range of music luilion for all 8ges and abilities. There were over xxx people having weekly lessons in the ntre prior lo August 2022. The Red Rooster Project.. This is mulli-faceled venture which commenced in 2(K12 funded by a generous donation from Sir Mick Jagger who has maintained his support ever sin. Ils aims are lo enhance and exlend musical opportunities for students in the Dartford area. 11 does this Ihiough planned outreach in local primary sthools and through the rullning of afteischool session5 on Tuesdays. 11 has enabled hundreds of young people to have aCsS lo musical luilion. The response lo thèse projects has been tremendous.
DARTFORD ARTS CENTRE TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGusf 2022 Financlal review Details of financial transactions in the financial stslements.. The Mick Jagger Centr8 does not receive any long term revenue funding and is therefore dependant upon tharging for the use of ils facilities lo meet 115 fLJnning costs. The income is derived from three main sources, contract lellings and ad hoc hiring out of facilities, funding from the Mid( Jagger Foundation (The Red Rooster Project) and parental contributions in respect of music tuition provided under Ihe banner of Dartford Music School IDMSI. Incoming resources from charilable activities amounted to £424.956 for the year12021'. £257,651), other In¢oming resources totalled £3,26412021'. £50,018). Expènditure on charitable activitie5 was £423,09012021.' £345.8041 whilst other expendrture amounted to £2,008 12021.. £3,995). Overall income for the year exceeded expendituie by £3,142 12021.. overall expenditure exceeded income byt42,1301, which when deducted from Ihe opening balance of funds brought forward, resulted in a balance of lolal funds at 31 August 2022 01 £29,14112021.' £25,999). Funds al 31 ALJgusl 2022 lotal £29,141 {2021.. £25.999) and comprise unrestricted general funds SUTplus of £27,141 {2021'. £23,999) an uniestiicted designated fund of £2,000 {2021'. £2,000!. 11 is the aim ol the Mick Ja9ger Centre lo maintain its uniestricted general reserves at a level that would be sufficient to cover unavoidable running cosls in times where incoming resources are low and enable the replacemenl and acquisition of fixed as5els when required. The trustees have assessed the major risks lo which the Charity is exposed. and are satisfied that systèms are in pla lo mitigate exposure lo the major risks. The trustees 8ctively revlew the malor risks which the company faces on a regular basis and believe that these reviews and quarterly assessments of the financial position of the company will ensure sufficient resources in the advent of adverse eondilions. The Iru51ees have also exatllined operational risks and confirm that they have established systems to mitigate significant iisks. stwcture, governance and management The charity is a company limited by guarantee and is controlled by ils governing document, a deed of trust, and conslilutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The Trustee5, who are also the directors for the purpose of company law, and who served during the year and up lo the date of signature of the financial statements were.. Mi J Emery Dr M Kingham Mr D Old¢orn Mr P Scults Mrs N J Bookei IBusiness MgnageT- Dartford Grammar School) Miss V Slrellon Mr G Dorrian Mr W Fernandez Miss N Franklin-Pier¢¢ (Resigned 5 September 20221 (Resigned 15 November 20211 The Directors of the charity are a150 the Tiuslees. Directors are recruited on the basis of the needs of the organisalion taking into account existing experience of the board. None of the Trustees have any beneficAal inleresl in the company. All of the Trustees are members of the company and guarantee lo contribut8 £10 in the event of a winding up.
DARTFORD ARTS CENTRE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 The Board of Trustees adrnillisters the charily. The board mèets quarteHy and there ar8 commillees covering development, mèTnbership and finance. The day to day responsibility of tunning the Mick Jagger Centre lies wllh the centre manager. The company is connected lo the Dartford Grammar School by way of directors holding positions as follows.. Mrs P Meggs Dr M Kingham Mr J Melcalf Member of S&nioi Management Team Member of Sellior Management Team Headmaster The Trustees. Report was approved by the Board ofTrustees. Di M Kingham Trustèe Date..
DARTFORD ARTS CENTRE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DARTFORD ARTS CENTRE I report lo thè Trustees On my ex8mination of the financlal stalemenls of Dartlord Arts Centre Ithe charily) for thè year ended 31 August 2022. Rosponsibilities and basis of report The trustees (who are also the directors ol the company for the purposes ol company lawl are responsible for the preparation of the Iinancial slalemenls. The charity's trustees consider that an audit is not requiréd for this year under section 144 of the Charities Act 2011 Ilhe Charities Act) and that an independent exarnination is needed. The ch8Tlty's gross income ex¢eeded £250,000 and l am qualified to undertake the examination by being a qualified member of Ihe ICAEW. 11 is my responsibility to.. examine the financial slalemenls under section 145 01 the Charities Act, lo follow the procedures laid down in the general Directions given by the Charily Commission (under se¢lion 14515llbl of the Chaiities Act, and to stale whether particular mallers have come to my altenlion My examination was carried out in accordance with general Directions given by the Charily Commission. An examination indudes a review of the accounting records kept by the charity and a comparison of the financi81 statements presentèd with those records. It also includes consideration ol any unusual items or disclosures in the financial stalemenls, and seeking explanations from the Iruslees conTrrning any such matters. The procedures undertaken do nol provlde all the effidence that would be required in an audit, and consequently no opinion is given as lo whelhei the accounts present a 'true and fairf view and the report is limited to thoso malters set out in the slalem8nl below. Independent examiner's statement I have cornpleled my examination. l confirm that no mallers have come to my 8tleniion in conneclDn urilh the examination giving me cause to believe that in any material respeet.. accounting records were nol kept in Spect of the chaiily as required by section 386 of thè 2006 Act,. or the financial statements do not a¢cord with those records.. or the financial statements do not comply with the accounting requirements of section 396 01 the 20( Act olhÉr than any requirement Ihal Ihe a¢nts give 8 true and fair view which is not a malter considered as part of an independent examination". or the finanThal statements have not been PTepared in 8¢cordance with the methods and principles of the Statement of Recommended Pracll¢e for accouniing and reporting by chaiities applicable lo charilies preparing their 8oeounts in accordan¢8 Wlth the Financial Reporting Standard 8pplicable in the UK and Republic of Ireland {FRS 1021. I have no concerns and have ¢ome acros5 no other mallers in connection wilh the examination to which altention should be drawn in this report in order lo enable a proper underslanding of the financial statements lo be reached. Louise Hallsworth, FCA Baxter & Co Chartered Ctsrtified Accountants Lynwood House, Crofton Road Orpington Kent BR6 8QE Daled.. 24 May 2023
DARTFORD ARTS CENTRE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2022 Unrèstricted Unrestricted funds funds 2022 2Q21 Notes Income and endowments from: Charitable activities Olher income 424.956 3,284 257,651 50,018 Total income 428,240 307.669 Ex enditure on.. Raising funds 14,426 Chaiitable acliwlies 410,672 349.799 Total expenditurè 425,098 349,799 Net incomellèxpendlturel for the yearl Nèt movement in funds 3,142 142,1301 Fund ba18nces at 1 Septembei 2021 25,999 68.129 Fund balances at 31 August 2022 29,141 25,999 The statement of financial actiwlies inejudes all gains and losses recognised in the year. All income and expenditure deriv8 from continuing acllvllies. The statement of financial 3clivilies also complies with the requirements for an income and expenditure aceounl under the Companies Act 2006.
DARTFORD ARTS CENTRE BALANCE SHEET AS AT31 AUGUST2022 2022 2021 Notes Fixed assets Tangible assets 10 14.631 19.507 Currènt assets Stocks Debtors Cash al bank and in hand 11 12 1,819 20,422 46,492 500 6.961 36,169 68.733 43,630 Creditors: amounts falling due within one year 13 154,2231 137,138) Nel current assets 14,510 6,492 Total assets lèss current liabilitie5 29,141 25,999 In¢omtr funds Unrestricted funds- Designated funds General unrestricled funds eneTal 15 2.000 27,141 2,000 23,999 29,141 25,999 29.141 25.999 The cornpany is enlilled to Ihe exemption from ihe audit requirement contained in section 477 of the Compan1es Acl 2(106, for th8 year ended 31 August 2022. The directors ackriowledge their responsibilities foi complying with the requirements of the Companies Ad 20C with respect to accounting records and the preparation of financial slatemenls. The members have not required the company to obtain an audit of its Iinancial statements for the year ill queslion in accordance with sedion 476. These finanaal stalernenls have been prepared In accordance with the proirisions applicable to companies subject lo the small companies regime. The financial stalem$nls were approved by the Trustees on Dr M Kingham Trustee Company registration number 03958793
DARTFORD ARTS CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 Accountlng policles Charity inforniation Dartford Arts Centre is a private company limited by guarantee incorporated in England and Wales. The registered office is The Mick Jagger Cenlre, Shepherds Lane, Dartford, Kent, DA1 2JZ. 1.1 Accounting convention The finanual statements have been prepared in accordance wth the charity's deed of trust, the Companies Act 2006 and "Aecounling and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their ac¢ounts in acoordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021° las amended lor accounting peiiods commencing from 1 January 20161. The charity is 8 Public Benefit Entity as defined by FRS 102. The charity has taken advantage of thè promsions in the SORP for charities applying FRS 102 Update Bulletin 1 not lo prepare 8 Statement of Cash Flows. The finanoal statements are prepared in sterling, which is the functional currency of the charity. Monetsry amounts in these Ilnancial slalements are rounded lo the n$aresl £. 1.2 Going concem Al the time of approving the financial statements, the Trustees have a reasonable expe¢talion that the charity has adequate resouiees to continue in operational tsxistence for the foSeeable future. Thus the Trustees conlinue lo adopt the going Concern basis of accounting in prèparing the finanaal s181emenls. 1.3 Charitable funds Unrestricted funds are available for USÈ al the discretion ol the Trusteès in furtherance of Ihelr charitable objectives unless the funds have been designatèd lor other purposes. There 81e currently no Reslricled general funds which woul(1 comprise of funds received with restrictions imposed by the funderldonor. 1.4 Income Income is recognised when the charity is legally entitled lo il after any performance conditions have been mel. the amounts can be measuTed reliably, and it is probable that income will be received. Cash donations are reeognised on receipt. Qlher donations are recognised once the eharily has been notified of the donation, unless perforrllan conditions reouiie deferral of the amount. Income tax recoverable in relation lo donalions ceiVed under Gift Aid or dèeds of covenant is recogllised at the lime of the donation. Legacies are recognised on reIpt or olhemise if the charily has been llolified ol an impendlng distribullon, Ihe amount is known, and receipt is expected. If the amounl is not known, the legacy is Irealed as a eonlingent asset. Turnover is measured al the lair value of the consideralion received or receivable and represenls amounts receivable lor goods and setvices provided in the normal course of business, nel of dis¢ounts. VAT and other sales related taxes.
DARTFORD ARTS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Accounting policies (Continued) 1.5 Expenditure Expendilure is recognised once there is a le981 or constructive obligation lo transfer economic benefit to a third party, it is probable Ihal a Iransler ol economio benefits will be required in seltlemenl, and the amount of the obligalion can be measured reliably. Expendituie is dassified by aclivily. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs atlributable lo a single activity are allocaled directly lo that activity. Shared costs which contribute lo more than one activity and support costs which are not attributable lo a single activity are apportioned belween those 8Ctivilies on a basis consislenl with the use of resources. Staff costs are allocated on the basis of lime spent, and depreCIatn charges are allocated on Ihe portion ol the asset's use. Goveinance costs include Ihe cosls attributable lo the charities compli¥nce with consliluiional and slalulory requirements. All iesources expended are inclusive of irrecoverable VAT. 1.6 Tangible fixed assets Tangible fixed assets are ini118lly measured at cost and subsequently measured al cost or valuation, net of depreciation and any impairment losses. Depreoialion is recognised so as lo write off the cost or valuation of assets less Ihelr residu81 values over their useful lives on the following bases.. Fixtures, fillings & equipment 25¥0 rèducing balance The gain or loss arising or) the disposal of an assel is determined as the difference between the sale prOedS and the carrying value of the assel, and is recognised in the statement of financial aclivilies. 1.7 Impairment of fixed assets Al each reporting end date, the charity reviews the carrying amounts of ils tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any sueh indic3lion exists, the recoverable amount of the asset is estimaled in order lo determine the extent of the impairmenl loss {il any). 1.8 stocks Stocks are staled al the lower of cost and estimated selling price less costs lo mplete and sell. Cost comprises direct materials and. where applicable, direct labour costs and those oveihead5 that have been incuired in bringing the stocks lo their present location and ¢ondilion. Items held for distribution al no or nominal nSIderatIon are measured the lower of replacemènt cost and cost. Net realisable value is thé estimated selling price less all estimated costs of completion and costs lo be incurred in marketing, selling Bnd distribution. 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-lerm liquid inve51menls with original matuiities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowing5 in current liabilitiès.
DARTFORD ARTS CENTRE NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2022 Accountiny policlès Icontlnuedl 1.10 Flnanclal instruments The charity has elected to apply the provisions of Sectioll 11 'Basic Flnancial Instruments, and Section 12 'Olher Fln8ncial Instruments Issues, ol FRS 102 to all of ils financial instruments. Financial instrurnents are recognised in the charity's balan sheèt when the charity becomes party lo the contractual provisions ol the inslrurnenl. Flnancial assets and liabililies are offset, with the net 3mounts presented in the financial slalemenls, when there is a legally enfor¢eable right to sel off the recognised amounts and there is an inlenb'on lo settle on a net basis or lo realise thè asset and sellle the liabilily sitnullaneousjy. Basic financial assets Basic financial assets, which include debtors and cash and bank balanees. are Initially measured at transaction price including transaction costs and are subsequèntly carried al arnortised Cost using the effective interest method unless Ihe arrangement conslilules a financing Iransa¢tion, where the transaction is measured at the present value of the futurè receipts discounted al a market rate of interest. Finanaal assets classified as receivable within one year are not amorti'sed. Basic financial liabillLles Basic financial liabilities. including creditors and bank loans are initially recognised al transaction price unless the arrangement conslilutes a financing transaction, where the debt instrument is measurèd at the present value of the future payments discounted al a market rate of interest. Financial liabllilies Classified as payable wilhill one year are not amortised. Debt instruments are subsequently carried al amortised cost. using the effective interest rate method. Trade creditors are obligalions lo pay for goods or serViS that have been acquired IN the ordinary course of operations from suppliers. Amounts payable are ¢lassilied as cuirenl li8bilities if payment is due within one year or lèss. If not, they are piesenled as non-currenl liabilities. Trade creditors are recognised initially at Iransaetion price and subsequently measured 81 amort15ed cost using Ihe effective interest method. Derecognition of financAal liabllities Financial liabilities are derecognised when the charity's eonlraotU81 obligations expire or are discharged or cancelled. Crltl¢al ac¢ountlng estimates and judgements In the appliealion of the charity's accounlillg policies. Ihe Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities Ihal are not readily appa1 from other sources. The eslirnates and assooated assumptions are based on historical experience and olher faelors that are considered lo be relevant. Aclual iesulls tnay differ from these eslirnates. The estitnates and underlying assumptions are reviewed on an ongoing basis. Revisions lo aecounting eslimales are recognised in the period in which the estimate is rewsed where Ihe ievision affects only that period, or in the period ol the revision and fulure periods where the revision affects both ourrenl and future periods. Critical areas of judgement In preparing these Financial Slalemenls, the Trustees have not needed lo exercise any subj¢clive judgements that would be critical lo the academy trust's Financi31 Stalemenls.
DARTFORD ARTS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Charftable activities Music tultlon Income and Artistlc programme5 2022 Catorlng Hlro chargers Total 2022 Total 2021 2022 2022 Incoming resources Red Rooster Funding 221,509 85,263 21,900 96,284 339,693 85,263 791.355 66,296 306,772 21,900 96,284 424.956 257.651 "Music tuition income" above includes funding from the Mick Jaggei Foundation for the Red Rooster Project. and parÉntal contributions for the Dartford Music School IDMSI Project. All charitable activrties income is unreslri¢led. £339.e93 01 undesignated funds and £85.263 of designated funds of Red Rooster in¢ome. Other income Unrestrictéd Unrestricted funds funds general gerieral 2022 2021 Other ir)come 3,284 60,018 "Other income" above indudes box office commission generated by the charitable comp8ny. Income abov6 01 £3,284 {2021'. £50.018) is 'unrestricted'. £nil {2021.. £49.1801 relates to furlough slalf recoupment. Raising funds 2022 2021 Staff costs 14,426 14,426 Expenditure above of £14,42812021'. £nill is'unreslrleled.. 10-
DARTFORD ARTS CENTRE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 Charitable actlvlties Muslc Tuition and Artistic programmes 2022 CateringHir& chargès Total 2022 Total 2021 2022 2022 Staff costs Depreclalion an(J impairment Charitable expendllure Red Rooster expenditure 111,847 1,478 186,227 63,461 111,847 4,876 228.480 63,461 141,827 6,502 158,641 38,834 174 3,226 42,253 363,011 174 45,479 408,664 345,804 Share of governance costs {see note 71 2,008 2,008 3.995 365,019 174 45,479 410,672 349,799 All charitable actiwlies expenditure is unrestricted. £347.211 of undesignated funds and £63.461 of designated funds of Red Rooster expenditure. Supportcosts Support Governance costs costs 2022 2021 Indipendenl examiner fees Leg81 and professional 2.008 2.(X)8 1,995 2.000 2,008 2,(XJ8 3,995 Analysed belween Charitable activities 2.008 2.008 3,995 Trustees None of the Trustees (or any persons connected with them) received any remuneration or expenses dvring the year.
DARTFORD ARTS CENTRE NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2022 Recharged employees The 8verage monthly number of recharged employees during th8 year was.. 2022 Numbèr 2021 Number Management and administr81Ion Music tutors Catering 11 Total 14 14 Re¢harged employment co$ts 2022 2021 Wages and salaries Social security costs Other pension c051s 103,986 7,029 15,258 120.663 5,558 15,6( 126,273 141.827 There were no employees during the year. 10 Tangible fixed assets Fir&S, flttlng$ & 8qulpmont Cost At 1 September 2021 82,042 At 31 August 2022 82,042 Depreciation and impairment Al I Seplember 2021 Depreciation charged in the year 62.535 4,876 Al 31 August 2022 67.411 Carrying amount Al 31 August 2022 14,631 At 31 August 2021 19,507 12
DARTFORD ARTS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 11 Stocks 2022 2021 Goods for Tesale 1,819 500 12 Dèbtors 2022 2021 Amounts falling due within one year: Trade debtors 20,422 6,961 13 Credltors: amounts falling due within one year 2022 2021 Notes Deferred income Trade ¢re(filors Other creditors Accruals 14 20.976 29,270 1,982 1,995 7,820 5,355 19,119 4,844 54.223 37,138 13-
DARTFORD ARTS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2022 14 Deforred incom• 2022 2021 Arising from actItIES 20.976 7.820 Deferred In¢ome is included in the linanual statements 8$ follows.. 2022 2021 Defèrred income is induded within.. Current liabilities 20,976 7,820 Movements in ihe year.. Deferred income a11 September 2021 Released frorn pievious peiiods Resources def&ired in the year 7,820 17,8201 20,976 4,836 14,6361 7.820 Deferred income at 31 August 2022 20,976 7,820 Deferred incomè balances relate lo Fied Rooster fees of £7,000 12021.. nil}, Sports Hall Income of £5,417 (2021.. nill, and hire income of £8,55912021.' £7,8201- 15 Dèsignated funds The income lunds of the chaiily include Ihe following designated lund5 which have been sel aside out of unrestrded funds by the trustees for specific purposes.. Movemant in fund5 Incoming 8alancè at Rosourcfr5 1 Sèptember 2021 Movement in funds Incomlng Re$our¢68 Balance at 1 Septèmbor 2020 Balan¢0 at JI Augusl 2022 Dartford Grammar School 2,000 2,OOQ 2,000 2,000 2.000 2,0(KJ Unrestricted funds indudes a designated ILJnd representing long term funding piovided lo the charity by Dartford Grammar School. 14-
DARTFORD ARTS CENTRE NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2022 16 Analysis of net assets between funds Unrestri¢led Unrestricted Fund Fund 2022 2021 Fund balaneès al 31 August 2022 are represented by". Tangible assets Currant assels/{liabililies) 14,631 14,510 19,507 4,492 29,141 23.999 17 Related paty transactions D8rtford Grammar School. a company ineorporated in England and Wales (company number 074061221 is related pady by virtue of the fact il has Trustees and Senior Staff in common. Dartford Arts Centre reimbursed Dat1ford Grammar School for staff and other cos15 inCUrd during the year of 2136,034 12021.. £142,975), income of £1.022 (2021.. £5941 and furloLJgh grant inoorne clairned by (he employer Dartford Grammar School has been reirnbursed to Dartford Arts Centre against the recharged employee costs of £nil 12021.. £49.1801. The balance owed lo Dartford Grammar School al 31 August 2022 was £24.61012021.. £nil} and is included in creditors falling due within one year. 18 Members. liability Each membèr of the charitable cornpany undertakes lo contribute to the assets of the Company in the event of it being wound up while he or she is a mefflber. or within one year after he or she ceases lo be a member. such amount as may be qUIred. not exceeding £10 for the debts and liabilities contracted before he or she ceases lo be a member 15-