Draft Flnanclal Statements at 27 Fabruary 2026 at 10:03:20 Company regS#triion number 03958793 {England and Wales) Charlty reglstratlon nufflb•r 1082004 {England and Wal•} DARTFORD ARTS CENTRE ANNUAL REPORT AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
Draft Flnanclal Statements at 27 Felyuary 2028 al 10:05:20 DARTFORD ARTS CENTRE LEGAL AND ADMINISTRATIVE INFORMATION Tru$t•os MrJEff Drmltir Mr D Oldc4)m Mr P S¢utts IAr C tkni Mr J C Metcalf Mr S Gardner Ms S Golding (Appointed 4 Ocaober 20241 IApFA)Inled 4 Othber 20241 Country of hlcorporniion Untted KlrttyYMI {&wland and Ivales) Charlty rng1str3tlon Engknd WKI Wal8S Indop•nd•nt ¢xamlnor L(LSe HaIlS*rth FCA Affini? {Ckpry) Chartered Ao)Juntarts BR6 8QE Bankern Barcl Bank PLC Kent DA11HD
Draft Flnanclal Statem•nt8 at 27 February 2026 •t 10:05:20 DARTFORD ARTS CENTRE CONTENTS Pao• TN$le$$' roport Independenl examlnets report statement of fin8rKlal actlties 881an¢e sheet Notos to the finandal StateMts 7-16
Draft Flnanclal St•m•nts ¥t 27 Ffjbary 2026 at 10:05:20 DARTFORD ARTS CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORD FOR THE YEAR ENDED 31 AUGUST2025 Tha TnJst8e8 present their annual report and fin8ncial statemonts for the year endod 31 AugU812025. The Bccounts have been prèpared in accordance wlh the accounting F4)Ildes sat oul In note 1 to the accounts and comply Ihe charity's goveming document, a deed of trust. the Companies Act 2006 and th$ Statèmènt of RecommerKled Practlce, 'Accounling and Reptsrting by Charities., issued in March 2005. ObJectIv and actlv5tles The charfvs objects are lo advance 8du¢ation in Dartrord and the sutrounding area in the perfomilno and visual arts and to promote th8 benafit of the inhabitants of Oartford and tha surroundlng 8wa by thè prow$ion off8rAlitiets in the Interest of S( welfare for CreatIOn 8nd leisure Ume occupallon. The main objects and 8Ctlwtlas for th8 yaar eonue to f¢Jxs on: Improvlng the ¢ondilion8 of lil8 for the inhabitants of Dartford by providing, managing and fflaking available a bas& ftythe pracllce, teathing, perfomwnc8 and recording of music and related other arts. To make these fac>lit¢es available to all inhabitsnts of Dartford generally and by those who may olhetwlse be exduded, through physical or mental disability, economic or. famity or 8oci81 orcumslanG% thereby encouraglng the vAdest possible particApaiion in the arts. Stratwes for8chi8w.ng aim$ and obie¢ln¢s The strategies employèd lo assist the charity to meet these objectives tsjnsisted OP Offerlng ths opportunlty for a broa(1 range ofthe oynmunlty to get Invow In arts advthes. Provldlng a vonug for use of bcal o)mmunity Brt groups. for Ive music 8n¢J for k)¢al groups and indivKluab to Showca thdr tslents. Pubk b8nefft The Trustees h8vs paid duo regard to gLEidan¢o on public bgftefit issued by the Charity Commissn in d$cidins vthal actiVbth8s the charity Should undert8ke. Ad1vitS During tha year under rèvlow the centre confjnuod lo p8 8 venue for Ihg use of kxal 8rt groups and muslcal and dramatic performances ond IES main a¢tivldes have r8vofved 8round the pmision of music luitlon with Its Dartford Music School project, fijnded from parental cxjntribulions, and th8 Red Rooster project, fundod fr(Mn contributions made by (he Mica Jagger Foundation. Evening actiwti88 and private hires are now increasing post pandemic. The centre has laken over the managernenl of the ktting5 relating to Becket Sport Centre. Achl•vam•nts and p•rfornianee SwnifiGant adivrfies and0chvementS againstobieGlwes Dartford Muslc Sohool: The centre continues to provide 8 range of music tuillon for all ages and abllitl88. There wèrn a number of peopl8 having weekly108sons in thè centre prior to August 2025. Tho Rad Rooster Pro¢1. Thts Is mUl-faCeted venture vthith cornrnenced in 2002 fvnded by a generous donation from Sir Mi¢k Jagger who has maintainod his support ever since. Its aims are to enhance and extend mvsical opportunllles for students In the Dartford area. It do68 this through plannèd outreath in lo¢ primary s¢h()ols and Ihrough the runnlng of aftewhool sessions on TldayS. It has enabled hurKlred¥ of young people to havè aee to muskal tultlon. The response to these projects has been tremendous.
Drnft FlnancS01 Ststemonts at 27 F¢bru•ry 2026 at 10:05,'20 DARTFORD ARTS CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Flnanclal r•vlow DetsSls offinandal transactions In the finandal stslements: The MI Jaggar Centre does not fecebve any long term revenue fundlng anil Ss therefore deFendant upon charging for the use of its faCAlleS to meet Ils njnnlng Cts. Tha Income Is derfvad from three maln s¢urces, ntract lelungs and ad ho¢ hiring out of f8ci11ti88, fundlng from tho Mlc4( Jagger Foundatlon (rh8 Red Roostsr Project) and parental ntbUll0ns kn respect of music tuition PTovkl8d und8r Iho bann8rof Dartford Mu81c School {DMSI. Incomlng re80urce8 from tharttable actlvWe8 amountsd to £808,146 for the TI2024.. £630,317), olher InrA>mlng 8ource8 totalled £36.83212024.. £21,827). ExperKliture on ¢arttsble actbvlile8 w88 £585,72912024: £578,358) whllst other ¢xpe4ndlluro amounted to £2,750 12024.. £2,750). Ovorn11 Incom8 for tho year exceeded expendlture by £39,494 {2024'. overall Incom8 for the year exceeded expendllura by £55.435). whSch when added to th8 opanlng balanca of funds broughl fO0rd, wulted In a balonog of lolal fund8 8131 August 2025 of £155.554 {2024: £116.0801- Fund8 al 31 August 2025 10101 £155,554 12024.. £116,080} and Coms8 unraslrfct•d g•n•ral fund8 8urplu8 of £155,554 12024.. £116,060) an unre8lrf¢ted d¢slgnal¢d fund of £2,000 {2024.' £2.0001. It 18 the Blrn of tho Mlck Jagggr Contr8 lo malntaln Its unr88lrfcted genero1 re8eNes 818 level that would b8 #ufflclanl to cover unavtsldable runnlng costs In Ilm88 where Incomlng resourc68 are low and enabl8 the replaeemenl and ats]ul8ltkn of fixed 8886ts whén réoulred. M8Jor tl8k$ The trust¢g8 havo 088988fjd tho mglor rt8ks lo 11 lh• ¢h8rlly18 ext¥)8éd, And are 89118nod 1ho18y8tfjm$ are In plac4 io mlllgal8 eXP08ure lo the major rf8k8. Th• Iru8teo8 aclvely eW Iho major rt8k8 whlth tho c4mpany fac08 on a reguLqr ba818 and b8lieve that the8e revlew8 and quarterty 888e88m8n18 of tha fln8ncl81 posltlon ol the company will ensure sufficient resource8 in the advent of adverse condition8. The Iru8tee8 havé 8180 èxamined eper8tion81 risks and confirni that they have e8tabllsh8d 8y8lem8 to mlllgata s1onlflc8nl d8k8. 8trudur•i gov•rn•n and manag•m•nt The charfty Is a company 1Smlted by guèrantee and Is controlled by Its govemlng document, a deed of IN$t, and oJnsts'iuto$ a Ilmlt8d company lInle by guaronlo0, 08 dgfined by thg Companl8sA¢t 2008. The Tvuslees, who are also thè dlrèctors for the purpo86 of &)mpany law, and vtho Sèrved dudng thè yèAr #nd up to the date of slgnature ofth& finandal st8tem&nts w8r8'. Mr J Emery Dr M Klngham Mr D Old¢om Mr P Scutts Mr C Dorrian Mr J C M8l¢aW Mr S Gardner M8 S Gotdlng {Appolnted 4 October 20241 {Appointed 4 O¢tobèr 20241 Recrultmgrtt gnd appolntment of Im$t888 The Diractors of tho ¢harity •r¢ also the Trust. Dlrector8 ar8 racruiled on the basls of the needs of the organlsallon laklng Into 8ccounl èxlsllng exped8n of the board. None of the Trustees have any benefldal Int8r8St In th8 company. All of the Trustees are members of tho company and guarantee to contribute £10 In th8 evenl of 8 ndIng up.
Draft Flnanclal Statements at 27 February 2026 at 10:05:20 DARTFORD ARTS CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Organisatlonal stnKtum Tho Board of Trusteès 8dmini$ltts the chaiity. The board m88ts id8mually and there are ts)mmlttee8 covering development, mmb8r8hlp and fln8nca. The day to day re8ponslblllty of wnnlng the Mlck Jagger Centre Ik88 th the centre manager. R818tlonshlp wlth rn18tsdpartl8& Thè COMny1$ connactéd to tht Dartford Grammar School by way oldlrectorn holdlng po8ltlon$ as folJow8: Mrs P Meggs Dr M Klngham Mr J Malcall Member of Senlor Managaménl Téam Member of Sfjnlor Monogement Team Headmaster Th8 Tru81te8' Rèrmxt W88 8pprovèd by tho Board ofTrusl¢o8. Dr M Klngh8m Tru•1
Draft Flnanclal Statements at 27 FebTUary 2026 at 10.05-20 DARTFORD ARTS CENTRE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DARTFORD ARTS CENTRE I report to thè Trtte83 on my examinati¢Jn of th6 fin8na81 statements of Dartford Art8 Centra {tha drIty) for the ye8r ended 31 Augu8t 2025. R•8pon8lbllltl•8 and bwl• of r•port AB the Tru8teeB of the cknarlty {and also its dlrector8 for the purposes of company lawl, you are r88pon8lble for tho preparation of the financJal 81aloments In accordance with tha roquirements of the Compan188 Act 2006. Havlng saltsfied mysew that tho flnanclal st81emonts ol Iho ch8rfty are not roquSrgd to b8 8udllod under Part 16 of tho 2006 A¢¢ and aro ollglble for Independent oxamlnafjon, I report In re$p8¢t of my 8xamlnallon of Ihe chadV8 fin8nd818tslém¢nts c8rrfed out und•r soctlon 145 of the Charlll88 Act 2011 Ith8 2011 Act). In c8rrylng out my 8X8mln811on I have followed all the appllcable Dlre¢tlon8 glven by the Charlly Comm1881on under 8ectlon 145(5llbl of the 2011 Ad. 11 Is my rasponsSblllly to.. 8xAmlne Ihe flnandal 8t81ements under 88don 145 ofth8 Ch8rf1188 Act., to follow the procedures lald down In the g8neral Dlrectlons glvan by tho Chadty Commlssbn (undér 8ectlon 145(5llbl of tha Charfti8s Act) and to stat8 vthathar p8rtlculAr mattars hav8 ccme to my attenllon 8mIng140n wa8 cardod oul In accordance vAth g8ner81 Dlradon8 glvon by tho ChaAty Comm188bn. An examln811on IndLKles 8 mlow of the accounllng rncords kept by the ch8dty and a comparf30n of th8 finand81 8talemenls pres8nl8d vAth thosé records. 11 also Includes consideration of any unusual items or disdo8ure8 In the fln8nclBI 8talements, and seeking explanations from the trustees cnncerning any such maitars. Tho WdU8 undèrtaken do not provlde all th8 evldence that would bo r8quSrad In an 8udlt. and con8aqu8ntly no oplnbn Is gtven as to wh8iher tho accounts pre8gnl 8 '1N0 8nd f81r' vlow 8nd the report18 Ilmltsd lo Ih08e matter8 88t OLrt In tha 8talamonl bolow. Ind•p8nd•nt •xamlnorf• •tatsm•nt Th8 ch8rfty's gro88 InciKn• •Kc•8d•d £250,000 and l am quallfiod to undertake tho examlnauon by belng a quallfled m8mb•r of tha ICAEW. I h8ve wmpleted my exaTnlnatton. I conflmi that no m8ttors h8va come to my att8nUon In connactlon Ih 8xamlnallon olvlng me cau$6 to bèllève that Sn any materlal reyct.. accounn9 records were not kept In re8PèCt of th• chartty 88 r•qulr•d by 8&tlon 386 of thvj Comp8nl•$ Act 2006. the flnan¢lal 8tstsm6nts do not accord those records.. ( the finenc181 stslements do not comply wllh tho accounting requirgrnents of secllon 396 of the Comp8nl88 Act 2rA)6 other than any roqulrem8nt that tha flnanclal $talom8nt8 olve 8 and falr 6W, whith Is not a matter consldergd as port of an Indopendont ¢xamlnallon', tho flnandal statements have not baon wgpared In 8ce£Jrdan¢e wllh the melhods and prfndplos of th Statement of RecMded Prace0 for accounllng and r8portlng by ¢hadUes appllcabl• to ¢harlllo$ epadng Ihelr ffnand81 st8tamants In 8¢¢ordan¢e vhth the Flnandal Reporting Standard appllcable In tha UK 8nd Republlo of Ireland IFRS 1021. I havo no concom and hav8 come 8¢X¢JS8 no other matters In connedon thg ax8rnln8fjon to vthld) attenllon 8hould bg dr8wn In thi8 reptsrt in ordar lo enable a proper under8tandlng of thg fflnancial slalemenls to be reached. Loulst Hall8worth FCA Affinla Iorplnglonl Chartered Accountants Lynwood Housé, Crofton Road Olglon 8R6 8QE Dale..
Draft Flnan¢l*l Statsments at 27 F•bruary 2026 at 10:05:20 DARTFORD ARTS CENTRE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 Unr••trlct•d Unr•8trlet•d funds funds 2025 In¢om• Ind tndowm•nt• froTh: Charftable acUvSlle$ Other trading athltleB Other Income 570,607 37.539 36.832 570,755 59.562 21,827 Total Incom• 644,978 652,144 Exp•ndltur• on: R8l$lng fvnd8 Charltabla acllvltl•8 17,005 588.479 15.PJ)1 581.108 Tot•1 •xpondltur• 605,484 596,709 N•t InMm• •nd mov•m•nt In fund• 39.494 55.435 R•conclllatlon of funds: Fund b8lanc88 al 1 September 2024 116,080 60,825 Fund b•l•n¢•• it 31 Auqu•t 2025 155.554 116.060 Tho 8t8lement of fln8nd81 advStle8 Indud•8 all g•ln? •nd10$888 r•wnl8•d In the wr. Al In¢om¥ •nd •xp•ndltur• dorlw from contlnulng act18.
Draft Flnanclal Statsm•nts at 27 Fabruary 2(126 •t 10:05:20 DARTFORD ARTS CENTRE BALANCE SHEET ASAT31AUGUST2025 2025 2024 Flx•d as8•ts Tangible assets 13 6.173 8,230 Curr•nt Ms•t• 14 1.981 31.881 243.783 2,406 59,392 144,088 Dtblorn C•sh at bank and In h8nd 27T.425 205,886 Cr•dltoTh: imount• f•lllnq du• Tthlthln one year 16 {128.044) {98.0561 N•1 ¢urr•nt a•MIs 149,381 107.830 Totsl M••ts l••• curr•nt IlbllNh• 155,554 118,060 Tho fvnd• of th• ¢h•rlty Unrestdcted funds 19 155,554 116.060 155.554 116,060 Th• ts)mpany18 énUdad to th• •x•mpth)n from Ihts au¢Jl rwJlrnm•nt contaln•d In 8acllon 477 ofthe Compènles Act 2006. for tha y•ar •nd•d 31 uSt 2025. Tho dlreclor8 th4lr TO8)ng11•S for a)mn9 th• rw[lnQnl8 of the Compan168 Ad 2(M6 th re8pect to accountlng rd8 •rbJ ts y•parallon olftnandal Statemts. Th8 m8mb8r8 ha not requlr•d tho cryny to obtak) an audit ofi18 financ4al statsments for the year In quethn ¢¢(Irdar ••¢lh)n 476. T financlal ststernents have rKepared kn ao)jrdW wllh Ihe wo¥lBlons a[ollb to (ximp8nlas subl•ci to the 8m811 cL¥npani88 reglme. Th8 statements %%we 4yo%*d by the Tru888 on..l.i +¥ t DrMKln Tru
Draft Finan¢lal St4t¢monts at 27 February 2021 It 10:05".20 DARTFORD ARTS CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2025 Accounting policlos Charfty InfoatIon Dartford Arts Centre 18 a private company Ilmltetl by guarantee Inrporated In Eng18nd and W8188. The registereil office is. 1.1 Accountlng conwntlon Th¢ fin8nci81 st81grnents have beon prepared in ac¢ort1ance vAlh th& charity$ deed of tnJ81, tho CIynt>8nles Act 2006 and "Accounbng and Reporbng by Chariti88: Statsmgnt of Réu)mm$nded Pwtsce applicable lo ¢arilies preparing their accounts in ac¢ordance the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (as amended for aco)unting p8ric¢Js cThnmencAng from 1 January 20161. The charity 18 a Publi¢ Benefit Entity as defined by FRS 102. Tho charity ho$ tskgn 8dvantsgg of thg provisions in tha SORP for thariti•s 8pptying FRS 102 Updota BulEetin 1 not to prep8ra 8 Ststem&nt of Cash Flows. The fina181 ststaments are prware(I In sterllng, whlch Is the fundon81 currency of the charfty. Monetary 8mounts in these finandal statements are rounded to th8 naarest £. 12 Going concern At the tlme of approvlng the finand81 ststements, the Trustees have a reasonable eyctsiion that the charfty has adequats rosour¢8s to ¢ontinufj In op8ralional èxlsbrKe for th& foreseeable future. Thus the Trustees confjnue to 8dopt the goltYJ COnM basls of accounung In prepatlng the financl81 st81ements. 1.3 Ch4ritsbl• fund$ Unrestricted funds are availablo f¢r use at the discre( of the Twstees In furtheran of thelr Charkable objectivas unlws th$ funds havo been d•signat8d for other purposos. There are currently no Restricted general funds which would compri68 of funds r8c•ivad restricbons imposed by Ihe funderldonor. IA Ineame Ir1c Is recognlsed Ihe charlty is legally enfjtled lo 5t after any perf0mlare wdltbns have been n. the amunts can b& me8sur8d rellably, 8nd It Is prob8bl8 that Income wlll b8 recelved. Ca8h donations are recognised on receipt. Olher donations are reojgnisèd once the charity has been Tr)tified of th8 donaiion, unlass pèrforniance conditions require deferr81 ¢f the amount. Income tax re¢ov8rable In relation lo donatlons re¢eivèd under GiftAld or d8ed8 of covenant 18 recognised at the time of thè donation. Legades are re¢gnISed on racelpl tx otheNlse If the charity has been nollfie<l of an Impendlng dlstrlbutlon, the amount is known, and recelpt 18 expected. If the amount Is not known, the legacy 18 treated 88 8 onngnI asset Tumovgr 1$ me8sured al the falr value of tho ujnstderallon r1Ve or recelvable and represents amounts receivable for goods and servlces wovlded kn the novrnal ojurse of blneSS, net of d180Junts. VAT 8rKI other sales related laxes.
Draft Flnan¢ial 8tattmonts at 27 F•bruary 2021 at 10:05:20 DARTFORD ARTS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Aeeountlng polleles (Contlnuadl 1.5 Expttndfture Expèndlturè Is racognlsad once there 1$ a legal or constnJdve obllgaknn to transfer econom1¢ benoflt lo a thlrd paty,11 Is probable that a trarfer of economlc bw)effts VAII be requlred In setMemwL and the amount of the obligatlon can b8 me88ura(J rellabty. EXPdItre Is dasslfled by actlvlty. The costs of eath adlvtty are made up of the total of dlrect costs anil shared o)sts, Induding support sts involved In undertaknng each activlty. Dlr8cI costs attrlbutsblo lo a slngle actiwty are allocated directly lo that activity. Shared costs which ntribUte to more than one aciivity and 8UPPOrt IX8ts which are not attribulable to a single activity are appoitK)ned betsveen tho88 activities on a ba8iS consistent with the use of rèsources. Staff costs are allocated on the basi8 of time 8penl, and depreciaiion charges ara allocated on the portion of the asset's use. Govamanee 8¢9 includo thg costs atlributablo to the ¢harfll8s MplIance th nstItutIOnal and statulory roqulrements. All resources expended are Indusfve of Irrècoverable VAT. 1.6 T4nglbl• fix•d ass•ts TaThJible fixed assets are Inltlally measured al QJSE ond subsequentty meagjred al cKtst or valuatlon. t ol depreciaUon 8nd any Imp8lrm8nt losses. DepdatIon Is recognlsed so as to vnlte off the cosl or valuatlon of assets less their rnslduaj volue$ over thelr useful Ilws the followlng basos.. Flxtur¢s, fJtUng8 & equlpment 25% redudng boian¢a The galn or loss arfslng on the dlsposal of an asset Is detemined as the difference beiween the sale proceeds and the carrying value of the asset, and is reeognised in the statement of financAal activities. 1.7 Impalmient offixed a$ts At 08¢h rep¢)rtlng end dale. th& d)ar6ty revlews th¥ carying ¥moutts of Its tangltrAo asssts to detemlne vth$ther th$re Is any Indl¢atlon that those assets have Suffered an Impaimtent jw. If 8ny suth indlcatron exlsts, the recoverabb 8rnount of the asset Is estinwted in order to determine the extent of the impairment loss lif any). 1.8 st<Kks Slo¢k8 are stated at the lower of cost and estimated selliThJ prtce Eess costs to complete and sell. Cosl comprises dlreGt materlal$ and. vthere appIlble. dlrecl labour costs and those ovetheads that have been In)rred In brlnglng the stocks lo their presanl location 8nd ujndition. Items held for distribution al no or minal ¢J)nsklgrotion are ff*a$ured tho I0r of r8pl8cemont o)st and cost Nat r88liS8b valuè is thè tiffl8ted selling price le85 all e81imaled costs of completion and oJs13 to b8 Incurred In ma91&r. solllng and dlsts%bution. 1.9 Cash and eash èqulvolènts Cash and cash equNalents Induda cash In hand. déposSts héld at call vAlh banks, othtr short-leTm liquid investments th ortglnal maturfle$ of thrao months or18ss. and bank overdr8fts. Bank overdraft8 are shown within borrowngs in curront Ilablllll8S.
Drnft Flnanclal Ststements at 27 F•bruary 2026 at 10:05:20 DARTFORD ARTS CENTRE NOTES TO THE FINANCIAL STATEMEtrifs (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Accountlng pollclos IContlnu•dl 1.10 Fln•n¢lal In•trurn•nt• The charfty has eleded to the of 11 '8a8ic Fknandèl Instwments. and Sectkn 12 'Olhfjr Fln8nc481 Instrumts Iswe8' of FRS 102 to al of tt8 finandal Instruments. Flnand81 Instruments are recognised In Ihe balaThx 8h8et Ihe chaffty bocomfjs paty lo th• tsjntracbjal primskjns oftha iMtrumenL Flnandal 8sset8 and I181th8 8re offseL Iwih the rnI8ftUnts pras8nt8d In thè fin8nc4ti1 statements, when there18 8 legally enforCts18 rSght to set the reoJgnise4J aMJnts and Ihare Is an Intantlon to 88tt1a on 8 n81 bas1$ or lo reallse the as8at and 8ethe th8 Ilthlty SlnwlanIy. •$k IINn¢l•l •8••ts Ba8lG Ilnandaj 088fjts. whkh InclLwJ¥ d8btOTS ¥KI ¢a8h and b8nk b818ft, are In1811Y mea8ured at tran&0 prke Irdudlng Iran88don c<)sts and 8re sutequonlty c¥rfed al 8mortlged co81 uslng the effectt Int¢r¥$l m8tW unl&ss th6 8n9ment c¢nslitulo$ 8 fvwrK4ng trans8LOn, vthere the transadon Is me8sured al the present valuo of the lulure ra¢¢&pts at 8 matkot ratè cl IntW88t. FInA81 assels dathd as receNabl8 vAlhin one are not arrMJrUsed. 8•l¢ Iln•n¢l•l H•bllld Baslc flnandal16ablllllw Indudlng and bank k)An8 w8 InttW reeogn18ad 81 tr8n8acOon ce unb$8 the arrangement wrtItuteS o fln&Ing transacllon. theTe the d•bt Inwm•nt 1$ meosurod at presenl value of the future paymMts dlscwnted at a m&rket wa of knt8rn8t. Flnandal Ilabifiii•$ do8fi¥d as p8yal Dfjbt InBtrumgnts wb80quenty carrlwl at WTxxl8od wlr¥J the effofAfvo Interest rnte m•lhod. Trade ¢yedllm are obtsptlons to pay for 80th8 that ha been acquTh1 In the ordlnary ojurso of 0poralk$ from 8UPF4iern. Amnts payable are das8ifi8d 88 tyjirt liabilili8s ff paywt b¥ due vAthln ono year or less. 11 noL they are wesented as nonlltsjrrent liabili.os. Trade c¥editor8 ore rec4Jgnlsed In1811Y at tran8g¢Urffi prke •rKI sub4•qu•nUy m•gsw8d at amcb'8gd Ixmt uslng eff•cUv• Int•resl m•thod. D•r•cognltlon of flnancl•lll•bllld•s Flnandal IlablllUe8 arn decnhj when lh8 ¢ity'8 tactsjal obhgafjon8 ewre or are d18tharged CanlId. Crltlul •ccounllnq ••llmat•• and ludq•m•rbts In 8pplu1i ol the caritl8 acctsJnting pdicies the Trustees are roquired to make IeMen 8811mates and assufflptions at¥Jut the 1Th7n9 amounl crf assets and liaLAlitles that are not readlly apparant from other gourc8s. Thè 8stim818s arthj 8ssoaat8d assumptions ar8 bas8d on historical experte• and other factors that are c4nwdered to h relovart. A(Jal re8¢Jls may drflw from these e81imatss. The gstsmato8 orbj undgdw'ng ossumptkns are rgvwod an ongoing bosLs. Rsk$ to ?ccounUng 08timale8 are rKogn18ed In tho pwiod in the eslimots is rewsed vhwe the 810n affects onty that peric4J. ty in the pd of the revisi and lutsJre F1( the affeds ojrrenl and fubjre pork¥Js. crttlc818r•as of ILhYgamont In preparfng these Flnandal Ststemgnts. Iho Trustees hava not n88ded * exwrase any SLthJocUvo ludgomonts th81 would be lti1 to the 8cademy trusfs Finanaal statts.
Draft Flnanclal Slatsménts at 27 February 2026 at 10:05:20 DARTFORD ARTS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Income from tharltable a¢tivitie¥ Unre$tri¢tsd Unrèstrictsd funds funds 2025 2024 Muslc lultlon In¢om• and artlstlc programmes Sale ol goods Perfomanee relalad gr8nts 279.188 95,193 290.987 88,920 Cat•rlng Sole of goods 43,006 41.052 Hlre charye8 Sale of goods 1 $3,220 149,796 570.807 570.755 Income Irom othrtradlng actlvltle$ Unre$trl¢tod Unro$trlcted funds funds 2025 2024 Latling and licanslng arrang8m8nts 37.539 59.562 Othèr Incomo Unre8trfcted Unrestrlcted funds funds 2025 2024 Olher Income 21.827 Expandliur• on r8l$lng funds Unrestrlcted Unrestrlcted fund$ funds 2025 2024 Fundralslng and publlclty Staff costs 17.005 1S.601 10-
Draft Flnanclal Statémè 8t 27 F•bru•ry 2026 at lo5.20 DARTFORD ARTS CENTRE NOTES TO THE FINANCIAL STATEMENTS (coKllNUED) FOR THE YEAR ENDED 31 AUGUST 2025 •¢ CattrkngHlre ¢harga8 tultion Income and artlstle Totsi Muslc tultlon Incom8 and CatorfngHlr• cr Totsl progrnmmes 2024 2025 2024 2024 Dlr•ct ¢osts Slaff costs Depreciation and impaimwnt Charitable expenditure Red RrJo8lerexpenditure 204.057 2,057 189.024 830 246.593 76,111 189.024 2.743 310.480 76,111 2,057 310,721 68.894 1,815 63,887 76221 68.894 76221 585,729 512.558 6S,702 578.358 Sharn of support and governance costs (see note 8) 2.750 2.750 2.750 2.750 511.406 76221 588,479 515.308 65,702 581.108 Anatysls by fvnd Unreslr¢cied fuNIs 511,4 76221 Sts.479 515.308 65.72 581,108 11
Drnft Fln•n¢i•l Statsmènts at 27 February 2026 at 10'.05:20 DARTFORD ARTS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Exyndlture on charltable actlvltles (Contlnuodl l tharitable actiwties exp8ndiiure is unre5tiicted. £517,971 of undestgnated fij18 and £76,111 of designated fvnds of R$d Roostsrexpenditur8. Support costs all¢¢•t•d to a¢lMtIo$ 2025 2024 2.750 2.750 Anaiysed between: Musc tuition Incorn8 8nd artistic prograrnmes 2.750 2.750 N•t m0MOnt In funds 2025 2024 The net fflovernenl in funds is stated after chargingllcreditingl: Fees payatre for the Independent examlnation of the charftys finandal statements D$pro¢6adon of ownod tsnglblo flxe(l assets 2,750 2,057 2,750 2,743 10 Trustsos None of the Trusteos {or any persons connected ¥th them) rec¢lved any remunerJfjon or expenses durfng the year. 11 Rècharged •mployoe8 Tha 8vwage monthly numberof retharya(l employ during th8 year w8S.' 2025 Number 2024 Number Man8goment and administration MuslG lulors Catering 21 11 Total 23 15 Employmenl Costs 2025 2024 Wages and salaries Social sKurity Costs Other pension costs 176.583 12.680 31,799 164.171 9,S52 30,902 221.062 204.625 12-
Draft Flnancl•l Statement8 at 27 February 2028 at 10:05:20 DARTFORD ARTS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 11 R•charg•d 4mployM• (Conllnu•d) Thero wer6 no empfoyts8 vthose annual remuneratlon wa¥ ftvye thon £80,000. R¢mun•ritlon of key mnag•m•nt pèrMnn•l The TN8lee8 arn the key managem•nl, none ofvthom r8colve any r8fflunarakn. 12 T•xtl¢)n Th& charlly18 exgmpt from taxauon on Its b8cgU$o an Its Income18 8pplletJ for charftablo purp08e8. 13 Tanglbh flx•d a•••t• Flxtur••, flttlng• & •qulpm•nt Cost At 1 S8p¢gmbor 2024 82,042 Al 31 August 2025 82,042 D•pr•cSatlon and Impalrni•nt Al 1 Saptèmber 2024 Depreclallon th8rged In lh6 Ar 73,812 2,057 At 31 Augu812025 75,869 C•rylng amount At 31 AuoU$t 2025 6,173 Al 31 Augusl 2024 8.230 14 Stock• 2025 2024 Flnl8h•d goods and goc¥J8 for re 1,981 2,408 15 D•btorn 2025 2024 Amounts falllng du• wlthln on• y•ar. Trade debtors Other debtors 31,681 29,392 30,000 31,681 59,392 13-
Draft Flnanclal Statements at 27 F¢bruary 2026 at 10:05:20 DARTFORD ARTS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 16 Creditors: amount5 falllng due wlthln year 2025 2024 Defewed income Trade ¢redito]s Othercredl¢ors Ama15 17 101,799 19,946 3.070 39,439 47,353 4.377 6,887 128,044 98,056 17 Deferred Incom• 2025 2024 Olhor deferred income 101.799 39,439 Defer1 Income Is Induded In the finandal slatem8nls as follows.. 2025 2024 Deferred incorne is induded within: Curnnl liablllfjes 101,799 39,439 Movements In th¢ yoar Deferred income at I September 2024 Releaséd from pramous perfods Resources deferred in the year 39.439 (39.4391 101,799 38,805 138.8051 39,439 Doferr¢d income 8131 August 2025 101,799 39,439 Dèfeired inojme balanrEs rele to Sports Hall Htre £31.425 {2024'. £25.970).HSre Incoff of £50.61912024'. £13.470), MJC 25th annlversary £18.435 ('. £nlll and DMS Student Fees £1,32012024.. £nil 18 Retlrnm•nt banofft $¢hama$ 2025 2024 0•fin contrlbutlon sehomas Charge to profft or bss In resp8rt of defined contribution 8¢heme8 31,799 30,902 The ch8rfty18 recharged for defined contribJtion5 paid into the pensJn sch8m• for all qualifying Omplo$S they are red)arged salary for. 14-
Draft Flnanclal Statern•nts at 27 F•bru4ry 2026 at 1tr.05:20 DARTFORD ARTS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 19 Unr•strl¢t•d fvnds Th8 unr8slridad fijnds ofthe charity o)mpris8 th8 UX¢d balancAS of don80c5 and grants vthlch are not sublect to spedfic conditic5 by and grantors as to how they may be used. These IAude deslgnbied funds whith have been sét aslde out of restriCt•d furmls by the Injstses for spadfic purposes. Incomlng Re8ouffc•8 At 31 Augu•t r••ourc•s expend•d 2025 2024 G¢1 fund8 118.080 644.978 (605,4841 155.554 Pr•vlous yur. At1 kn¢fynlng R•8our¢M At 31 Augu•t 2024 2023 G¢11 frJnd8 60,625 652,144 {596,709J 116,060 Unrestrfcted funds include a ¢Joglgn•led fvrKI lem lurKlkng kvo¥ldod to the (*8rfty by Dartlord Grammar School. 20 An•ly•l• of n•t ••••t• b•tw••n fvrbd• Unr••trlct•d lun 202J At 31 Augu•t 2025: TangIb a86ets Current a88•ts1118billll8sl 6,173 149,381 155,554 Unrn8trlct•d fund 2024 At 31 August 2024: Tanglble assots Currenl eIll9b1I) 8,230 107.830 116.060 15-
Draft Flnancl41 Statsmènts at 27 Fabruary 2026 at 10:05:20 DARTFORD ARTS CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 21 R6lat•d party trangactlon$ Dartford Grammar School. a c(wny In¢orporated In ErKJlantl 8nd W81e8 Icomp8ny number 07406122118 relatad paty by vlrtuo of Ihg fac111 has Truslee8 In common. Dartfctrd Arts Cenire rdmbursed Dartford Grammar Sthool for staff and other c08ts In¢)JTr•d during the year of £245,490 (2024.. £214,822), ineLJmè of £nil12024.. £5331. The balance owed to Dartford Grammar School 81 31 August 2025 wa8 £16.83512024'. £37,000) gn(l 18 Included In uedliors due wlthln one year. M•mb•r•' Ilablllty Each member of Iha charflabla comp8ny und8rtok¥8 to o)ntrfbul• to th• 888•t8 of th• MPanY In the event of 11 being wound up vthlle ho or sh¥ 1$ a membar. or wlthln ono aftèr hè ¢r she ceB¥es to be a member, Such amount a8 may b& requlred, nol eXellIng £10 for th• debts and liabi111188 conlrncted before he or Sho e8a8e8 to ba a mambar 16-