2024-08-31-accounts

Charity Registration No. 1087930

Company Registration No. 04056878 (England and Wales)

THE DORCHESTER BALLET AND DANCE CLUB ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

THE DORCHESTER BALLET AND DANCE CLUB

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr K S Selby, Chair Mrs S A Thorndale Mrs J E Cosgrove Mrs S M Bennett Mrs L Sheaves Charity number 1087930 Company number 04056878 Registered office 6b Poundbury West Industrial Estate Dorchester Dorset DT1 2PG Independent examiner Matthew Haines FCA Wadebridge House 16 Wadebridge Square Poundbury Dorchester Dorset DT1 3AQ

THE DORCHESTER BALLET AND DANCE CLUB

CONTENTS

	Page
Trustees' report	1 - 3
Independent examiner's report	4
Statement of financial activities	5
Balance sheet	6
Notes to the financial statements	7 - 15

THE DORCHESTER BALLET AND DANCE CLUB

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 AUGUST 2024

The Trustees present their report and financial statements for the year ended 31 August 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

The charity's objects are:

• to encourage and promote the art, practice and appreciation of dancing, music, choreography and allied arts;

• to teach dance by educating at all levels of ability, irrespective of financial circumstances, to a standard recognised by professional bodies and set up by the Management Committee; and

• the production and performance of dance.

In determining our objectives for the year, the Trustees have considered the Charity Commission’s guidance on public benefit, including the guidance on public benefit and fee charging. The charity relies heavily on volunteer help, which allows it to set fees at a level which makes classes accessible to everyone; further special concessions are available for those on low incomes or with large families.

Strategies for achieving aims and objectives

The strategies employed to achieve the charity’s aims and objectives are to:

• provide classes in a wide range of dance genres for the education and enjoyment of the local community;

• offer the opportunity to dance to everyone regardless of age, wealth or ability;

• raise the profile of dance by staging shows and participating in local community events;

• expand the range of dance genres offered;

• engage in fund raising activities to further support the aim to keep fees as affordable as possible; and

• offer consistently excellent teaching to support students in their pursuit of exam success.

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THE DORCHESTER BALLET AND DANCE CLUB

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

The main event of the year was the dance school’s biennial show at Weymouth Pavilion in March. Entitled ‘The Shattered Spectrum’ the story was written by the teachers and other committee members. The show programme cover was designed by one of the students, while the show t-shirt and mug were designed by one of the volunteers. Everyone who participated had an amazing experience. The show was incredibly well received and made a profit of £2,678.

The dance school continues to attract new students and many classes have a waiting list; an extra ballet class for 3 year olds was added to the timetable in September.

Fundraising activities during the year included raffles, cake and plant sales, a musical theatre summer school and an adult jazz workshop. In addition, one of the Trustees asked for donations to the dance school in lieu of birthday presents, while another arranged end of term lunches for adult members to raise funds.

Over the years many students have progressed to study vocational courses in dance after their training with Dorchester Ballet & Dance. They continue to keep in touch, often helping at events, and inspiring younger dancers.

Students danced at several community events during the year including St. George’s Fair and Dorchester Lions Club Summerfest.

RAD and ISTD examinations took place during the year. Both students and teachers were pleased with the excellent results.

It was with great regret that the trustees had to accept that the construction of a new studio, which received planning permission in January 2022, would be unable to go ahead due to insurmountable legal issues.

Achievements and performance

Significant activities and achievements against objectives

Student numbers remain strong; the teachers and administrative team deserve credit and praise for their skillful and enthusiastic efforts. The use of an additional venue outside the main studio enables the charity to further expand its dance provision. Classes are currently offered in ballet, tap, modern, commercial jazz, contemporary, acrobatic arts, street dance and historical for both children, from the age of 2 years, and adults. Students are also able to attend performance classes by invitation. In addition, the timetable includes classes tailored specifically for the very young and older age groups. Students are encouraged to attend classes in a number of different dance styles.

The charity’s fee structure encourages students to take classes in additional dance genres, as fees are only paid for the first three (or five for a family). The use of volunteers in running the dance school supports a fee structure that would not otherwise be possible. This includes members of the management committee and volunteers who help at specific events such as shows. Fee increases were again kept below the rate of inflation this year in recognition of the difficulties faced by many of our member families. Maintaining a financial balance between providing affordable dance classes and employing highly motivated and trained dance teachers is an ongoing challenge. However, the charity has a sound management team and continues to offer a wide variety of dance to the local community.

Financial review

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

Reserves policy

Reserves held at 31 August 2024 amount to £142,420 of which £13,059 were held for restricted purposes. Of these reserves £123,857 was held as cash at bank and in hand. The charity maintains reserves sufficient to cover expenditure identified in the short term and to provide financial security for the coming year in the event of a reduction in income levels. The reserves policy is constantly under review having regard to the changing financial, regulatory and competitive environment in which the charity is placed.

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THE DORCHESTER BALLET AND DANCE CLUB

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

The charity continues to improve its financial position as a result of the increase in the number of students and income from fund raising events. Several fund raising events and workshops are planned for the coming year including a show in March 2026. Although it is an expensive undertaking it generates funds for the dance school. The charity will continue to focus on raising its profile via social media and public performances in order to attract new students.

Major risks

The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is a company limited by guarantee and was set up by a Memorandum of Association on 22 August 2000.

The charity is constituted under a Memorandum of Association dated 29 January 2019 and is a registered charity, number 1087930.

The principal object of the charity is to bring dance to all regardless of age, wealth or ability.

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr K S Selby, Chair Mrs S A Thorndale Mrs J E Cosgrove Mrs E K Hutchings (Resigned 19 August 2024) Mrs S M Bennett Mrs L Sheaves

Recruitment and appointment of trustees

None of the Trustees have any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.

The Trustees' report was approved by the Board of Trustees.

.............................. .............................. Mr K S Selby, Chair Mrs S A Thorndale Trustee Trustee 20 May 2025

Date: .............................................

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THE DORCHESTER BALLET AND DANCE CLUB

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE DORCHESTER BALLET AND DANCE CLUB

I report to the Trustees on my examination of the financial statements of The Dorchester Ballet And Dance Club (the charity) for the year ended 31 August 2024.

Responsibilities and basis of report

As the Trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

• 1 accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.

• 2 the financial statements do not accord with those records; or

• 3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or

• 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Matthew Haines FCA

Wadebridge House 16 Wadebridge Square Poundbury Dorchester Dorset DT1 3AQ 20 May 2025

Dated: .........................

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THE DORCHESTER BALLET AND DANCE CLUB

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2024

Unrestricted Restricted funds funds 2024 2024 Notes £ £ Income from: Donations and legacies 3 2,092 - Charitable activities 4 59,872 - Other trading activities 5 18,825 - Investments 6 2,865 - Total income 83,654 - Expenditure on: Raising funds 7 14,605 - Charitable activities 8 67,745 - Total expenditure 82,350 - Net income and movement in funds 1,304 - Reconciliation of funds: Fund balances at 1 September 2023 128,057 13,059 Fund balances at 31 August 2024 129,361 13,059	Total Unrestricted Restricted funds funds 2024 2023 2023 £ £ £ 2,092 1,706 - 59,872 65,468 - 18,825 8,167 - 2,865 1,258 - 83,654 76,599 - 14,605 5,294 - 67,745 69,458 - 82,350 74,752 - 1,304 1,847 - 141,116 126,210 13,059 142,420 128,057 13,059	Total 2023 £ 1,706 65,468 8,167 1,258
		76,599
		5,294 69,458
		74,752
		1,847 139,269
		141,116

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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THE DORCHESTER BALLET AND DANCE CLUB

BALANCE SHEET

AS AT 31 AUGUST 2024

			2024			2023
	Notes	£		£	£		£
Fixed assets
Tangible assets	14			2,748			4,122
Investments	15			2,500			2,500
				5,248			6,622
Current assets
Stocks	16	305			394
Debtors	17	13,462			50,125
Cash at bank and in hand		123,857			86,274
		137,624			136,793
Creditors: amounts falling due within
one year	18	(452)			(2,299)
Net current assets				137,172			134,494
Total assets less current liabilities				142,420			141,116
Income funds
Restricted funds	19			13,059			13,059
Unrestricted funds				129,361			128,057
				142,420			141,116

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

	20 May 2025
The financial statements were approved by the Trustees on .........................
KS	Sis
..............................	..............................
Mr K S Selby, Chair	Mrs S A Thorndale
Trustee	Trustee

Company Registration No. 04056878

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THE DORCHESTER BALLET AND DANCE CLUB

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

1 Accounting policies

Charity information

The Dorchester Ballet And Dance Club is a private company limited by guarantee incorporated in England and Wales. The registered office is 6b Poundbury West Industrial Estate, Dorchester, Dorset, DT1 2PG.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

The Trustees have considered the financial position of the charity and have assessed both financial and operational risk. They are of the opinion that the charity has sufficient financial resources to continue to operate as a going concern for the foreseeable future. Accordingly, the Trustees continue to adopt the going concern basis in the preparation of the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

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THE DORCHESTER BALLET AND DANCE CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. 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 attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings 5 years, straight line Fixtures and fittings 5 years, straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.10 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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THE DORCHESTER BALLET AND DANCE CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

1 Accounting policies

(Continued)

1.11 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors 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 the 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 assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.12 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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THE DORCHESTER BALLET AND DANCE CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

3 Income from donations and legacies

		Unrestricted	Unrestricted
		funds	funds
		2024	2023
		£	£
	Donations and gifts	2,092	1,706
	Donations and gifts
	Donations and gifts	2,092	1,706
		2,092	1,706
4	Income from charitable activities
		Charitable	Charitable
		income	income
		2024	2023
		£	£
	Sales within charitable activities	59,872	65,468
	Analysis by fund
	Unrestricted funds	59,872	65,468
5	Income from other trading activities
		Unrestricted	Unrestricted
		funds	funds
		2024	2023
		£	£
	Fundraising events	15,765	5,461
	Shop income	3,060	2,706
	Other trading activities	18,825	8,167
6	Income from investments
		Unrestricted	Unrestricted
		funds	funds
		2024	2023
		£	£
	Interest receivable	2,865	1,258

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THE DORCHESTER BALLET AND DANCE CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2024

7 Expenditure on raising funds

	Unrestricted	Unrestricted
	funds	funds
	2024	2023
	£	£
Fundraising and publicity
Other fundraising costs	10,809	2,648
Trading costs
Shop purchases	3,796	2,646
Total costs	14,605	5,294
Expenditure on charitable activities
	Charitable	Charitable
	expenditure	expenditure
	2024	2023
	£	£
Direct costs
Staff costs	44,771	46,448
Depreciation and impairment	1,374	1,452
Rent and rates	10,210	10,061
Office costs	4,750	3,924
Cost of exams	1,731	2,938
Insurance	1,523	1,324
Training	55	110
Accountancy	1,500	1,500
	65,914	67,757
Share of support and governance costs (see note 9)
Governance	1,831	1,701
	67,745	69,458
Analysis by fund
Unrestricted funds	67,745	69,458

8 Expenditure on charitable activities

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THE DORCHESTER BALLET AND DANCE CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

9 Support costs Support costs Governance costs £ £ Operating lease charges - 1,118 Office costs - 436 Insurance - 147 - 1,701 Analysed between Charitable activities - 1,701 - 1,701 10 Net movement in funds The net movement in funds is stated after charging/(crediting): Depreciation of owned tangible fixed assets	2024 £ 1,118 436 147 1,701 1,701 1,701 2024 £ 1,374	2023 £ 1,090 850 127
		2,067
		1,701
		1,701
		2023 £ 1,452

11 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

12 Employees

The average monthly number of employees during the year was:

	2024	2023
	Number	Number
Administration	1	1
Teaching	3	3
Total	4	4
Employment costs	2024	2023
	£	£
Wages and salaries	44,771	46,448

There were no employees whose annual remuneration was more than £60,000.

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THE DORCHESTER BALLET AND DANCE CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

13 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

14 Tangible fixed assets

14	Tangible fixed assets
		Leasehold		Fixtures and	Total
		land and		fittings
		buildings
			£	£	£
	Cost
	At 1 September 2023	13,751		8,958	22,709
	At 31 August 2024	13,751		8,958	22,709
	Depreciation and impairment
	At 1 September 2023	13,495		5,092	18,587
	Depreciation charged in the year		64	1,310	1,374
	At 31 August 2024	13,559		6,402	19,961
	Carrying amount
	At 31 August 2024		192	2,556	2,748
	At 31 August 2023		256	3,866	4,122
15	Fixed asset investments
					Antiques
					£
	Cost or valuation
	At 1 September 2023 & 31 August 2024				2,500
	Carrying amount
	At 31 August 2024				2,500
	At 31 August 2023				2,500
16	Stocks
				2024	2023
				£	£
	Finished goods and goods for resale			305	394

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THE DORCHESTER BALLET AND DANCE CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

17 Debtors

Amounts falling due within one year: Other debtors Prepayments and accrued income 18 Creditors: amounts falling due within one year Other creditors	2024 £ 5,000 8,462 13,462 2024 £ 452	2023 £ 5,000 45,125
		50,125
		2023 £ 2,299

19 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

	At 1	At 31 August	At 31 August
	September		2024
	2023
	£		£
	13,059		13,059
Previous year:	At 1	At 31 August
	September		2023
	2022
	£		£
	13,059		13,059

20 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

	At 1	Incoming	Resources	At	31 August
	September	resources	expended		2024
	2023
	£	£	£		£
General funds	128,057	83,654	(82,350)		129,361

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THE DORCHESTER BALLET AND DANCE CLUB

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

20	Unrestricted funds				(Continued)
	Previous year:	At 1	Incoming	Resources	At 31 August
		September	resources	expended	2023
		2022
		£	£	£	£
	General funds	126,210	76,599	(74,752)	128,057
21	Analysis of net assets between funds
			Unrestricted	Restricted	Total
			funds	funds
			2024	2024	2024
			£	£	£
	At 31 August 2024:
	Tangible assets		2,748	-	2,748
	Investments		2,500	-	2,500
	Current assets/(liabilities)		124,113	13,059	137,172
			129,361	13,059	142,420
			Unrestricted	Restricted	Total
			funds	funds
			2023	2023	2023
			£	£	£
	At 31 August 2023:
	Tangible assets		4,122	-	4,122
	Investments		2,500	-	2,500
	Current assets/(liabilities)		121,435	13,059	134,494
			128,057	13,059	141,116

22 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

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