Company Registration Number: 04566484 Charity Registration Number= 1105174 CREATIVE FOLKESTONE {A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS Year ended 31 March 2021 CREATIVE FOLKESTONE Strategic Report For the year ended 31 March 2021 The Trustees. Iwho are also direclors ol the Charity for the purposes of the Companies Actl present their annual report together with the audited consolidated financial statements of Creative Folkestone for the year Ènded 31 March 2021. The Trustees confirm that the Annual Report and financial statements of the Charity comply with the current statutory requirements. the requirements ol the Charity s goveming document and the provisions of the Slalemenl of Recommended Practice ISORP}"AGcounting and Reporting by Charities Including FRS102"The Financial Reporting Standard applicable In Ihe UK and Republic of Ireland" As Creative Folkeslone is a company limited by guarantee, the report and statements also comply wilh the Companies Act 2006. Pages 110 3 cornprise the Slralegic Report as required by company law. as well as providing the Information required by SORP for the Truslees. Annual Report. Reference and administrative details Registered company number 04566484 IEngland and Wales) Registpred charity niimber Reglstered office 11n5174 IFngland and Walps! auarterhouse Mill aay, Folkeslone Kent CT20 1BN Trustees Sir Roger De Haan Ichairl Cathy Beare Lady Alison De Haan Sir Stephen Deuchar CBE Rachel Higham Paul Hudson Andrew Ironside Timothy Llewellyn OBE Trevor Minter OBE DL The Earl of Radnor Vanessa Slone Alastair Upton Grahame Ward (Resigned 8 September 20201 IReliTed 29 June 2020} (Appointed 8 March 20211 Chief Executive Alaslair D Uplon Deputy Chief Executive Fit)na J Kingsman Company Secretary Angela C Ludlow Auditor RSM UK Audit LLP 25 Farnngdon Slreel London EC4A 4AB Solicitors Withers LLP 16 Old Bailey, London EC4M 7EG Bankers Nalwesl Bank Folkestone Branch. Europa House 49 Sandgate Road Folkeslone Kent CT20 1RU Website vNAv.creativ8fo1kest(K￿. CREATIVE FOLKESTONE Strategic Report For the year ended 31 March 2021 Objectives and activities Established In 2002, Creabve Folkestone TS an arts Charity dedicated lo producing and enabling the very best creative actlV1ty to help transform Folkeslone and the surrounding area of Kent_ Working with the people of Folkeslone, our partners and other stakeholders, we aim lo make the town a better place to live, work. play, study and visit. The Charity's objectives, as sel out in the goveming document. are "The fostering of knowledge and appreciation ol art. tnUSlG and literature- the relief of poverty by assisting individuals who are In need, in particular by assisting artists lo become self-supporting throug,1 their art,. the provision of facilities In the interests of social welfare lor the inhabilanls of Folkeslone and the surrounding dislricl.. the promotion of regeneration in areas ol social and economic deprivation. Creative Folkestone believes that everyone is creative and that creativity has the power to change people and places for the better. With a passion for creativity al its heart, the Charity will enable people's creativity to flourish, enriching the lown and those who live in. or visit it. and transform Folkeslone's reputation. All our Board and stsff are committed to enabling the very best work to be created. We always appoint skilled and ambitious curators and programmers who are empathetic to art, artists, place and community. Creativity drives the goals we sel ourselves in early 2012 and continue lo guide the organisalion.. Goal 1.. Goal 2.. Goal 3". Goal 4.. Goal 5.. Creatively engage the people of Folkestone Creatively transform the look of Folkestone Creatively change the economy of Folkeslone Change the reputation ol Folkèstone as a CTealive low Create a sustainable Creab"ve Folkestone A principal focus for the Charity in achieving these goals is the development of the Creative Quarter, in the historic old town area of Folkeslone. through a process of property acquisition, refurbishment and letting. The Charity benefits from a collaboration with the Roger De Haan Chaiitable Trust IRDHCTI, which shares many of the Charity s goals. Typically. RDHCT funds the acquisition and refurbishment costs of propèrties and after the renovation works are complete. leases them to the Chanty on a long term basis at a peppercorn rent. Creative Folke5tone then proceeds lo let the refurbished property al affoidable rates to artists, education providers and a wide range of creative organisations. Creative Folkeslone has a remarkable record of success having already transformed the most run down part of Folkeslone. Around ninety buildings have been restored in the Creative Quarter and the area is populated by artists and creative Industnes and is home lo education, study and research. We use the Quarterhouse. our performance venue thal we built in 2008, to stage our annual Folkeslone Book Festival and a lull programme of music, theatre, dance and comedy. Thè arèa has bèèn animated by four intemationally acclaimed Folkeslone Triennials when we commissioned sile specilic artworks lo be exhibiled in the public realm around the town. After each show we aryanged for many of the exhibits lo be added to Folkestone Artrworks which have then been kept on permanent display with financial support provided by The Roger De Haan Charitable Trust. As the collection has grown. so has Folkeslone's iepulation as a unique destination for those who enjoy contemporary art. The Charity continues lo work with a range of publ￿ and privale sector organisalions on a number of slrategically importanl initiatives which ale helping us lo have a profouTrd regenerative impact on the community. The creative Iransformalion of Folkestone is being achieved through the five core projects developed and managed by Creative Folkeslone.. the Creative Quarter. Quarterhouse. Folkeslone Book Festival. Folkestone Triennial and Folkestone Athvork all these initiatives are underpinned by our Learning and Engagement programme and our digilal programme, Digital'.glassworks_ CREATIVE FOLKESTONE Strategic Report For the year ended 31 March 2021 Public benefit The Charity's Trustees have complied with Iheir duties under the Charities Act 2011 to have due regard lo PLJblic benefit guidance IPB1. P82 and P831 published by the Charity Commission. They are aware ol the public benefit requirement. its irrplications for chari11es and their duty to reporl how they have carried out the Charity s purposes for the public benefit. and take the public benefit guioance into account when making decisions. The Charity's particular public benefil activities are included under Achievements and Perforfnance Our activities. particularly our Learning and Engagement work and co-produced festivals, are deeply embedding Creative Folkestone In the IoLdl Lommuiiily. Fulkeslvrie Tiier)iiial. and li￿nY other aclivilies. are free ol charge to the public. The Charity continues to contribute lo the overall social and economic regeneration of deprive(l areas in Fol&eslone through the advancement of the arts. culture. herilage and education and the eslablishmenl of a community of over 600 creative individuals and businesses. Structure. governance and management The Charity is a company limited by guarantee wilh no share capilal, and a registered charity. The Charity's memorandum and articles of associalion are the primary goveming docurnenls of the Charity. Creative Folkeslone has a supportive Board of highly skilled and committed Trustees. During the year the Trustees were those set out on page 1. Trustees are also members of the Charity. The Trustees have complied with the duties described under the Charilies Acl 2011. and with proper regard to Ihe guidance published by the Charity Commission. The Creative Folkeslone Board provides the 51aiutory governance and also governance over artistic vision and qualily. The Board is supported by lour Sub Committees which oversee Management. Visual Arts, Performing Arts, Learning and Engagement and Creative Quarter Regeneration. and report back their recornmendations to the main Board. New Trustees are appointed by the Board. An induction prO￿sS is carried out whereby the proposed Trustee s given a copy ol the ¢onstitLJtion. audited accounts and Copies of trustee meeting minutes, together with the Charity Commission's pJblished guidelines for charity Iiuslees. The new Truslee is also given a detailed lour of the Creative Quarter and an introduction lo all the projects being undertaken by the Charity. Although there is no formal training policy in place. the Tfuslees are cncouraged lo participate in training pr(￿raMMeS either through their principal employer or through participalion in ad hoc training courses. Key management personnel and pay po5icy The Charity considers ils key management personnel to be its Board of Trustees. the Chief Execulive and the Deputy Chief Executive. The remuneration is sel annually in accoidance with the pay policy, with any changes taking effect froffl the 1 il April each year. The Chief Executive and the Deputy Chief ExecLJlive are the only paid key rnanagemenl personnel. The pay policy for the Chief Execulive and the Oepuly Chief Executive is the same as for other staff. This Slralegic Report was approved by the Board of Trustees on 29th Novembei 202.1 and signed on their behalf by: Sir Roger M CREATIVE FOLKESTONE Report of Trustees For the ear ended 31 March 2021 Achievements and performance Creative Folkestone ovetview This financial year started with the Covid-19 pandemic hitting hard with an Instant and catastrophic effecl. Creative Folkestone immediately shut down and moved to remote working. closing our buildings lo the public and our audiences_ We immediately assessed the situation and considered the huge impact the pandemic would have on the organisation. A new year plan and budget was drafted taking into account the newly arisen circumstances. We then moved swiftly lo react and pul plans in place. Throughout the year we were able to mainlain very high levels ol activity in spite of Covid and all the reslriclions Il brought. This is a clear demonstration of organisalional strength which allowed us lo respond in a considered and appropriate way. Reflecting on the year. we can see that Covid provided a slimulus for innovation and crealivily in a Iirne of great difficulty. We were fortunate in gaining some additional financial support which demonstrates Creative Folke51one's resilience and the strength of its business model. In the firsl inslance we supported Creatave Quarter lenanls. offering financial support, advice and signposting the￿ towards available emergep.cy lunds. Despite initial grave concern5 for our tenants and their businesses, as a result of our financial and business support and their own resilience. the majority were able lo weather the storm and our occupancy remaining high throughout Ihe year. We streamlined Dur workforce making some posilK)ns redundant whilst other members of staff were placed on furlough. Our planned performing and visual arts programme had to be completely revised and we worked hard lo deliver an online prograwtnc for the firsl part of the year when Iheie was a strict lockdown In place. We qLJickly made the decision lo poslpone Folkestone Triennial 2020 and Folkeslone Book Festival 2020. However. from September 2020 to the end of the calendar year. we developed an ex¢eplional programrne of performing and visual arts and comfflunily engagernenl through our Plinth Projecl, Autumn Reads and Christmas in Ihe Quarter progiammes. This was all delivered remotely bul we were also able lo safely engage with our local community directly, encouraging them to gel out and about and enjoy the artworks. to 'get creative and to appreciate their local environment. From January 2021 we moved our focus lo reopening Quarterhouse and to delivering the rescheduled Book Festival in June 2021 and Triennial in Juty 2021_ We were also delighted to be able to offer space in the empty Quarterhouse to artists. Creatives and designers to develop. experiment with and show their work through our development programme enlitled Open Sesame. Our digital endeavours a¢¢elerated exponentially with all PTograrnming, communications and marketing focussed on digital OLJtput. We offered a broad range of virtual activities online Including book clubs, Iilms. documentary screenings, comedy performances and educational activities. With additional funding from BBC Space R&D, we were able lo upskill our technrcal and production stsff lo produce a virtual literary festival,. Autumn Reads lo celebrate the work of Derek Jarman_ The festival included the commissioning and production of two original filrns. Appetite for digital conlenl from our audiences grew with an increase of followers on all channels ol between 40°/o and 50.1. In light of the Covid-19 emergency. Arts Council England IACEI launched a number of measures lo support the arts and culture sector. Creative Folkeslone applied for the second round of the ACE Cultural Recovery Fund. We were informed that we had been successful with our application in September 2020 and were. awarded £237.539 for the period from Oclober 2020 to March 2021.The grant was to support a programme of engagement in the community during lockdown and to reopen QuarterhoLJse in a Covid safe way. CREATIVE FOLKESTONE Report of Trustees For the ear ended 31 March 2021 In April 2020. ACE also offered help lo National Portlolio Organisations INPOSI by announcing a relaxation of Ihe1r reporting rcquiremenls for the firsl six months of the year and offering advance payments. The planned application process for tie next four-year grant round for 2022-2026 was postponed and the currenl portfolio extended fof another year until 2023. Activities for the EU Inlerreg North Sea Region programrne. CUPIDO, were largely pul on hold during the lockdown months. This Ihree-year grant had brought together 16 partner5 frotn 7 countries to share their resources, kr.owledqe and expertise for promoting the digilalisalion of the cultural sector. Funding includes a contribution lo the cost lor the es13blishmenl ol the digital hub digilal."glasswofks, the production ol a digi131 artwork and provided SiJPPOrt lo SME'S lo adapi digital technologies to promote their businesses. After careful consideration including Ihe view ol all 16 partr)ers il was decided lo apply lor a 6-rnonlh projecl extension in Apr11. This was oranled bv Ihe EU and the proiecl will now continue until the end ol February 2022. The project gained momentum again In Seplember 2020 with the Start ol virtual meetings during which the impacl ol the Covid-19 crises in the differeni countries was discussed as well as areas for future collaborat on. The Paiil Harnlyn Foiindalirjn awArdpd a grant 01 £19.700 lo support the digital adaptation of our Learning and Engagement PTogramme in response lo the Covid-19 pandemic and contributed lo the costs of The Plinth. Autumn Reads and Christmas in the Quarter. As a recipient of the grant we We￿ also given paid- lor support lo éevelop an evaluation framework to asse55 the su¢¢ess of the adaptlDn of these activities. The analysis will help us lo identify. plan and manage new ways of delivering futLJre programmes. The Board of Trustees would like to express their appreciation for the Continued generosity of its benefactors including Kent County Council IKCCI. ACE, Folkeslone and Hylhe District Council IFHDCI. EU Interreg North Sea Programme. Paul Harnlyn Foundation. Henry Kloore Foundation, Cale Olson and Nash Robbin5 via the Rockefeller Philanlhropy Fund and the BBC Space R&D Fund for their funding and In-kind assistance with the work of the chanty. The Board ol Trustees would like to convey their special thanks lo the Trustees of the Roger De Haan Charitable Trust IRDHCTI for their continued supporl lor the work of Creative Folkeslone. The Board ol Trustees would also like lo express their appreciation lor the dedication and hard work of both the Charity's staff and its committee members. Their flexibility and willingne5S to adapt lo swiftly changing conditions due lo the Covid-19 pandemic have made an invaluable contribution lo what Can only be described as an unprecedented and challenging year. Creative Quarter The Creative Quarter is the cultural heart of FDlkgslone where a coniniunity of over six hundred creative people live and work. 11 is made up of over ninety restored buildings that house re5idenlial flals, studios, offices and shops. The area is populaled by artists and is horne to many ¢realive businesses and individuals who have created hundreds of jobs which has helped lo rejuvenate the local economy. The businesses in the Creative Quarter were hit hard by the restrictions of (he Covid-19 pandemic as they had lo close their shops and studios. Sorne had lo decrease or even stop trading for m05t of the year. We were able lo offer 5UPPOrt lo our lenanls through rent reduclion which helped many survive a year of little or no tradin9. Enquiries for properties started lo increase with the easing of Covid-19 reslriclions and Creative Quarter occupancy al the end of March 2021 was at 93.9.10 excluding digital.glassworks. which wa5 at 60.5°/.. A new digital.'glassworks lenanl moved in al the end of the year which has resulted In an Increase in occupancy lo about 850/.. CREATIVE FOLKESTONE Report of Trustees For the ear ended 31 March 2021 The Creative Quarter Phase 111 building work progressed during the period. The refurbishment of the two buildings in Tontine Slreevold High Sireel were corNpleled by the Roger De Haan Charitable Trust in July and November 2020 respectively. The buildings were then leased lo Creative Folkeslone for a peppercorn rent. An additional bonu5 15 Ihat one of the buildings now displays Bank5y'5 'Art Buff on Its wall. Demand for the new residential properties has been high resulting in a swift uplake ol all available flats and commercial Space showed atiout 50 /0 occupancy by the end of March 2021. Work on the Mill Bay Cabins continues and is anticipated to be completed during financial year 2021122. There has also been great interest in the rental space they will provide us and by the end of March 2021 all five residential flats and two ol the four commercial spaces had been reserved by future tenants. In July 2020 we officially launched a new project funded by the European Union. Under the umbrella of the Hi3 Network. five partners in the South Eas,. Local Enterprise Partner {SELEPI region successfully aDplied to the European Regional DeVelop￿.ent Fund to bring together SME'S and university researchers skilled in applied research in Ihe Creative industries. The overall aim was to establish three Innovation Hubs in the South East and create a netwofk of specialisls experienced in the manipulation of screen-based Images for film, television. gaming, advertising and corporate commullication. One of the hubs will be based in digilal.-glassworks and part of the fvnding will support office costs foi one of OUT partners, the media company Screen South. During the period refLJrbishmenl and adaptation works to convert office space into a slLJdio. edit suites and co-working spaces has been Completed which enabled Screen South to move in for the duration ol the project. Al the beginning of the first lockdown, Crealive Folkeslone partnered wilh South East Creatives ISECCADSI to support local creatives lo deliver a digital content programme. SECCADS is a European Union funded business support programme tailored to meet the needs of the cultural, creative and digital se¢lor. 11 is headed by Thurrock Council and Creabve Folkeslone is one ol four regional hubs in the South East which drives the local delivery of the programme. During Ihe lirsl six months of 202012021. our marketing and communi￿110n$ leam delivered a digital content programme lo help businesses to use digilal solutions lo adapt to the lockdown reslriclions. They supported the streaming of 13 ialks via Facebook, which were then posted on the Creative Folkestone YouTube channel Ihal attracted a total audience engagement of 16.274 clicks lo view. This led lo the development of Tech Week in June 2020 that offered a week ol online activity exploring digital ideas from the Creative Quarter and the wider artistic community. During Tech Week five webinars, with seven creative professionals. were hosted daily and the videos were streamed via Zoom on Facebook Live, then published on Creative Folkestone's YouTube channel. This programme of activity highlighted a new way of working lor the organisation that will inform future communications and programming. As lockdown restrictions started to ease at the end of the summer. the team focussed on supporting the shops, cafes and bLJsinesses in the which were reopening in the Creative Quarter. A short video was produced lo reassure visitors and promote the safe reopening of the Creative Quarter. This video content was well received with over 1,000 views on Facebook alone. At the beginning of December the lockdown restrictions changed again and the team swiftly adapted their marketing and communications to use our Christmas in the Quarter programme to keep promoting the Creative Quarter. Our main aim was lo encourage people lo shop local and lo support the small businesses leading up to Christmas. Throughout December a digital advent calendar was put in place that highlighted businesses and creatives in Folkeslone. Folkestone Artworks Folkeslone Artworks is the largest urban outdoor exhibition of contemporary art in the UK ¢urrenlly consisting 0174 artworks from 46 ariisls. The exhibition has grown over the years with new work addèd frorll Folkeslone Triennial artworks. Part of the Collection is owned by Creative Folkestone however much of it is owned by the Roger De Haan Charilable Trust. Other exhibils are loaned by the artisls. The Roger De Haan Charitable Trust pays for th& Collection's maintenance, ils insurance and contnbutes to the costs of its Co-ordinator. CREATIVE FOLKESTONE Report of Trustees For the ear ended 31 March 2021 The exhibition has been a great asset during the Covid-19 pandemic as Folkestone Tesidenls and visitors were able to enjoy the outdoor artworks In a sale and pandemic compliant way. During May and June a group ol volunteers was established and trained lo assist with looking after the artworks. A proposal was drawn up that set out the framework ol the volunteering programme and provided a detailed description ol the volunteer role. The opportunity was advertised on Creative FDlkestone's webs,le and was promoted through local news. websites and radio stations. Morp. than tpn voliintpp.rs wprp. rp.eruilpd whts wérè assigned to single artworks which they checked daily and report il's condition on a live log Guided tours were organised for the volunteers lo give them a chance lo receive comprehensive information about Ihe artrworks. The volunteers 8150 piovided crucial support (Juring The Plinth project as they shared their enthusiasm and knowledge with visitors when stationed al other designated artwofks or Mark Dion's Mobile Gull Appreciation UnAI. The Seagull was placed on the H?rbour Arm and fJi nctioned as 2 lempa". a.ry' outdoor Y.'silgr ￿￿tre for nreatlve Folkestone as Quart.erhouse was closed as a result of the first lockdown. We were delighted lo welcome into the collection Banksy's Art Buff wh1ch was installed in September 2020 on The Old High Street. Maintenance of the artworks has continued durino the vear as scheduled and repovalions were carried out on Mark Wallinger's Folk Stones. Gary Woodley"s lfftpingefftenl no 66 'Cube Cir¢umsGribed by Tetrahedron. Tetrahedron Circumscribed by Cube.. Pablo Bronslein s BeaGh Hut In The Style Of Nicholas Hawksmoor. Lubaina Himid's Jelly Mould Pavillion. Richard Wood's Holiday Home and Strange Cargo s The Luckiest Place on Earth. Quarterhouse Following the Closure ol Quarterhouse on 17 March 2020. hundreds of live evenis. festivals and community activities planned for the year were cancelSed or postponed. Where possible we supported the physical relocation of regulars such as Ihe Kent Food Hub's moved lo the Brewery Tap, or lo online activities for Quartethouse Book Group. Two Tone Yoga. Strangelove Festival 2nd Folkeslone Women s Forum. During this lime we also provided research and development support for Folkestone-based artists and provided help and advice to artists in the Creative Quarter with their applications for ACE funding. Whenever il was possibl8 our P8rfoming Arts and L8aming Team swiftly Iransl8rr8d its progTamm8 10 digital plafforTns. A selection of films and the popular monthly Doc Club were moved online with post screening talks laking place via Facebook Live. Filrns shown included The Kingmaker, Peanut Bulter Falcon. the Sudanese production Talking About Trees and Rubika Shah's award-winning Iilm White Riot which charts a vital national protest movement. All films were accompanied by posl-5creening discussions via Facebook Live attended by up to 100 people. Natlgnal Theatre Live, Royal Opera House LAve Al Home events and other online performance including two gigs by Mark Thomas and Schlomo's Beatbox Adventure for farnilies were publicised through our communications channels. When we ."ealised that Quarterhou5e would possibly remain closed to the public for an extended peTiod we Considered how lo tnake this valuable space available lo the cornrnunity in a safe and Covid-19 Compliant way. In September after careful consideration. we made the strategic decision lo offer the auditoiium lo local creatives and community grokjps and launched Open Sesame. Through this programme the Quarterhouse auditorium was made available to creatives. without Charge. as a space for rehearsals. training. research & development. recording, live streaming. small meetings. wigging oul or primal screaming, with technical support and assistance from our Performing Arts and Learning Team. rhe programme proved lo be extremely 5uccèsslul and the auditorium was quickly booked out between September 2020 and the stari of second lockdown at the beginning of December 2020. Due to its success aiid high demand from the creative community to use the Qu8rterhouse auditorium for their profe58ion81 development. we made the decision to ¢onlinue the Open Sesame programme even after Quarterhouse reopenèd to the ublic. CREATIVE FOLKESTONE Report of Trustees For the ear ended 31 March 2021 In November. we launched Open Sesame. Street which offered monthly the ground floor windows of Quarterhouse lo IoGal artists and creatives lo display their WOTk. The Qvarterhouse windows. which could be viewed from the pavemenl. provided passers-by the opportunity lo see artwork in a safe outdoor environment whilst walking along Tontine Streel. The Normal? Festival ol the Brain was due to take place in May 2020 but migrated online with monthly Weekender5 taking place from Septerllber through to March. The curalorial tearn from Living Words, Folkestone Fringe and Creative Folkestone presented most of the programme In a range ol new disguises and on a variety of plafforms. It included films. hosted talks. workshops and Twitter take-overs. They also went on walks, performed outdoors and livestreamed events on Vimeo, Facebook Live, Zoom and Apps mair)ly using laptops and smart phones. For Christrnas in the Quarter. we marked tb.e festive season by screening giant projections ol the filrn All Things Grimm onto the back wall of auarterhouse. On several dates in December. Payers Park was transformed Into a magical winter wondertand. The animated film depicted scenes from the Brother's Grimrn Fairy Tales. The filrn and Ils soundtrack were made by young people in workshops during October half tèrm lead by local artist Lydia Hibbert and musician Randolph Matthews. The young people's inlerprelalions of the stories through sound and vision were unique and quirky, and brought enjoyment to families ar)d passers-by in the park. On 18 December. Creative Folkestone invitd performers to St Mary & St Eanswylhe's Church lo lake part in a carol concert Ihal was filmed and then sb.ared with audiences live on You Tube. The concert included singers and songwriters who shared their original music and performers reacl selected pieces of prose and poems. These performances were a welcome and heartlell expression of Folkestone's creative spirit at a lime ol adversity. Anolhei Suc￿sSfUl 5erie5 of online evenls, which look plaGe over three weekend in December, was Stacy Makishi's Church of the Latter Day Sinners with 36 one-to-one performan¢es over the telephone. The residency programme was then resurrected in January and continued to lake place every Sunday over six weeks on Zoom. The commissioned artist inviled the community lo a digital Sunday setvice which offered a different kind of communioTr where people could come together lo share joys and sorrows. do uncool dancing and medilale on what being human in 2021 really meanl. On Saturdays, ¢Juring these six weeks. Stacy Makishi also welcomed everybody lo the accompanying programme Saturday Night Fever. a live art sho4•4-and-tell club to help people explore their cieativily. As a sale space to share and connect with fellow creative spirits. Stacy provided a creative atmosphere that shunned imposter syndrome and welcomes imperfection. In total 480 people participated and the project becarne intemalional with people zooming In from Lab"n America, Korea. the US and Canada. Autumn Reads Festival Following the postponement of the Folkestone Book Festival. we presented a digital literary leslival in November 2020. enlilled Aulumn Reads. reflecling much ol Ihe mood and almosJhere ol Ihis slrange lime. Over four days, the community was invited to come together lor a series of events and activities that explor8d th8 themes of Jarman s diaries such as m8moir. art. activism and gardening. The festival was completely free to attend and reached an audience of almost 70.000 people. Six tslksldiscussions and films were presenled online. This allowed the Marketing and Communications and Performing Arts Teams lo learn new skills in producing digital arts activity_ People taking part in the festival watched the created video content posted on our website and on YouTube. Leading up lo the festival, thanks to investment from the BBC'5 Space R&D Fund. we were able to record, in collaboration with Screen South, Strange Concord.. Music and Words. The film was a cenlrepiece of the festival and combined exGerpts of Derek Jarman's Modern Nature read by Ben Whishaw with live music by cornposers Henryk Gorecki and John Zorn. Filmed live at Prospect Cottage in Dungeness, the film premiered online as the highlight of the festival. It was well received and the number of views on YouTube reached 53,555 during the three months il was available online. The production was reviewed on Radio 4. BBC Radio Kenl and in The Evening Standard and The Guardian_ CREATIVE FOLKESTONE Report of Trustees For the ear ended 31 March 2021 As part ol Autumn Reads. Crealive Folkestone also partnered wilh local Iilmmaker Claire Unsworth lo create Folkeslone Reads.. Modern Nature. Resident5 01 Folkeslone. Hythe and Romney Marsh weTe Invited ID lake part In this film project which charted the 21 monlhs spanned by a journal Irow January 1989 10 September 1990. The partlcipanls read excerpts from Modem Nature". this covered themes from gardening and plants lo art. film, Sexuality. the HIV pandemic, i11nes5 and mortality In outdoor locations which had special significance to them. This included Sunny Sands at dawn and the Sound Mirror located al Capel- le-Ferne. The atmospneric filrn celebrated and recorded local nature and the environment and the diverse corllmunity ol Folkeslone. Hylhe and Romney Klarsh_ The Plinth The Plinth project opened on 17 Septernber and ran all the way through to December in lieu of the A fif+h rf%ievl incniraA thu Irn n! s iiitsll_krtniyrt artwork Art Buff to •he Creative Quarter. When Ihe project closed in December il had been enjoyed by an eslimate(J 70,000 visitors. The Plinth was an art and community engageTnenl project that celebrated the town's crealivily and allracled visitors and locals to visit the Creative Quarter. Ten empty plinths were placed around Folkestone. in unique outdoor locations. and residents and visitors were invited to find a plinth and use il to display their lockdown creations and special objects. The offer was taken up by many people in inspiring and imaginaliva ways that Included anything from pollery lo lexliles, painting lo mosaics, drawing lo woodcarvings_ They were then encouraged lo take a picture. share il on social media and bttcome part of a big online exhibilion using #folkesloneplinlh. Alongside the empty plinlhs. there were three specially commissioned plinths wilh works by Folkestone- based artists Malcolm Allen, Maureen Jordan and Tomas Poblete_ As the project PTogressed, a video was made that look a closer look al Ihe commissioned artworks_ The film was watched by more than 2,000 people. September 2020 also saw the launch of the performan￿ PIAnth in Payers Park as part ol rhe Plinth project. Hylhe-based Street ArtI5t. Toze One. designed and installed a graffllied plinth In the park and opened the Performance Plinth programme with a weekend of hip hop and scratch DJ workshops for young people. The performance space then continued lo host a curated programme of live music. dance, poetry, theatre, comedy and performance art on most Saluréays and Sundays. A particular highlight was the celebr8tion of World Mentsl Health Day on Saturday 10 Octobcr 2020 whon the leam ol Normal? Festival of the Brain hosted a Speakers. Corner which was streamed lo onlino audiences. The mental health charity. East Kent Mlnd. also presented a variety of performances including a violinist and poetry reading. The live outdoor events were allended by more than 2.000 people and enabled us to welcome the audiences in a safe environment and support local creatives with a space lo showcase and practice their work. In summary, The Plinth project was a great success and atlracted 5.000 visitors over the first weekend. Al tho same time the number of followers on our Social m8dia plalforms (Facobook. Instagram. Twilterl went p wilh engagement increasing by 355Q/ Creative Folkestone Triennial During the Covid-19 lockdowns the fabncalK)n of the artworks was postponed and the artists were kept up to date with our plans for the delayed Tnennial. Preparations. including fundraising efforts lo raise the balance of the project funding. gathered momentum al the beginnipg of 2021 with the publi¢ announcemenl of the Triennial s extended dates and the participating artists. CREATIVE FOLKESTONE Report of Trustees For the ear ended 31 March 2021 The Creative Folkeslone Triennial will present artworks from Assemble. Rana Begum. Sam Belinfante, Slephenie Bergman, Jyll Bradley. Patrick Corillon. Shezad Dawood. Richard Deacon. Diane Dever, Jacqueline Donachie. genuinefake. Gilbert & George. Tina Gverovic. Mariko Hori. Christopher Houghton Budd, Atta Kwami, Morag Myerscough. Jacqueline Pon￿le1, Pilar Ouinteros. Rob and Roberta Smith, Mike Stubbs, Jason Wilsher-mills. Vvinler l Horbell, Bill Woodrow and Hoycheong Wor.g & Simon Davenport & Shahed Saleem l Makespa¢e_ Entitled The Plot, the exhibition will present 27 site-specific artworks In the town's scenic coastal setting that includes 22 new commissions. The title suggests multiple meanings.. a 'plol' Can be a narrative or conspiracy. bul It can also mean a plot of land. or lo plot a course or graph.. things that are mathematically verifiable. The artworks will be placed in the publi¢ realm along three histori¢ roules associated wilh passages for the movement of water, blood and goods. St Eanswythe's watercourse,. the physician VJilliam Harvey s discovery of the circulation of the blood," and Folkestone's industrial road 'The Milky Way,. The artworks highlight local stories and will try to bridge the gap between the narrative of the place and the reality of urbanism. Although the exhibition refers to narratives sel in Folkestone, they raise questions around the universal need lo distinguish reality from myth. encouraging viewers lo question the gap belween la¢1 and fiction. and what 'pla¢e-making' really means. Observing the difference between personally verified experience and what Is othetWi5e told or narrated. the fifth Creative Folkestone Tiiennial urges viewers lo consider the voids left behind by 'fake news. and 'post-Irulhs'. In the lead up to the exhibition the team at Crealive Folkestone engages with a number of organisations and institutions involved in the exhibition. These will include residents. associations, churches. schools, charities and museurp.s. The Team have also been working closely with Folkeslone Town Council and, as a result. il decided lo organise an accompanying exhibition about the life of Williarn Harvey al Folkeslone Museum. Pioneering Places Pioneering Places is part of the national Great Place Scheme. an ambitious project that aims lo make East Kent an even better place to live, work and visil by exploring herilage. developing civic pride and connecting artists and communities. The four projects in Canterbury IThe Marlcwe Theatre). Dover IThe Land Trust), Folkeslone (Creative Folkestonel and Ramsgale (Turner Contemporary) have been designed lo encourage local people lo become involved and help shape the place where they live. Pioneering Places Is funded by the Arts Council England. the National Lottery Heritage Fund, Artswork, Kent County CounGiI and Christ Church Canterbury University. with Historic England providing advice. By slrenglhening the networks between culture and civic and community organisalions, and by involving cilizens and Ioc31 businesses. the Pioneering Places project will enhance the role that culture plays in the future of each place. In time this will lead lo the wide range of social and economic benefits that arts, ¢ultLJrè and heritage can achieve. While the lockdown period involved a hiatus on physical events and activities, including the reschedLJling of the Creative Folkeslone Triennial, we decided lo focus on 3dvocacy. partnership and digital work throughout 2020 and the first quarter 012021. This included engaging viilh policymakers, stakeholders and a wide audience of cultural and heritage organisations. practitioners and lown planners at events including The Future of English Towns Iweslminster Media Forum), Heritage Digital Now IThe Heritage Alliance) and the UK'S largest online festival of the the creative and cultural Industries, Creative Coalition, with an online audience of more than 800 policymakers and praclilioners. New partnerships We￿ formed during this lime lo support a Research and Knowledge Base project and advocacy work. with a focus on connecting wilh national heritage. university and cultural and policy research organisations including Crealive Induslries Policy Evidence Centre IPECI. Centre for Cultural Value, National Centre for Academic and Cultural Exchange INCACEI, The Heritage Alliance, What Works Centre for Local Economic Growth. British Council. Creative Industries Federation and Creative England. 10- CREATIVE FOLKESTONE Report of Trustees For the ear ended 31 March 2021 A5 a result of these partnerships and connections. Project Director Ja50n Jones.Hall represented Pioneering Places to feed Into the Centre lor Cultural Value Evaluation Working Group, The Heritage Alliance Spatial Planning Advocacy Group and Digital. Learning and Skills Advocacy Group as well as local plans and 51ralegies being devised Kent Counly Council. Folkestone & Hythe District Council, Thanel District Council and Dover District Council. Successful community engagèment and activation projects with all age groups - from primary schools lo pensioners generated Ideas for the disused Folkeslone Gas works site on Ship Street. Tbese were developed 1nto proposals for potential lulure uses for the site by EAST Archltects. Followlng presentation of the Maslerplan with rfey stakeholders. Folkestone & Hythe Districi Council IFHDCI has now completed the purchase of the Gasworks sile and confirmed Its intention lo eonlinue working with Creative Folkeslone and "with Input froffl Ihc Groative se¢tor viith a strong locus on ex6mplar d8sign. sustainability and art in public spa¢es Final preparations are now undeThvay for the Installalion of a number of new artworks for the Gasworks sile as part of the Creative Folkestone Triennial in 2021. while an educational partnership has been developed with the EDGE School of Creative and Busivess. al East Kent Communily College. which will Include complementary digital and physical artworks and exhibits Created by EDGE students alongside the Triennial artworks on the Gasworks sile. Learning and Engagement Due lo the Covid-19 réstrictions our learning and engagement space. Block 67. had lo close, and planned workshops and activities for young people, families 3nd other communily groups were cancelled and replaced by digital content. During the first three months our Leaming Officer developed a series of online educational animations and written resources for the Get c￿atIve part of Creative Folkestone's web51te. The resources were inspired by Folkeslone Artworks and aimed lo provide SLJggestions for children and young people lo be creative and imaginative at home or In the classroom using materials they were likely lo have available. Working with our regLJlar theatre and dance practitioners, we engaged in an 11-week projecl with children who attended Ouf afterschool club. Neon. lo create an online Time Capsule documenting reflections and thoughts on lockdown. Participants followed a weekly prompt lo respond creatively and submit films. animations. drawings. sound pieces and expressed themselves through movement, performance. dance and visual art. Taking advantage of an easing ol lockdown reslriclions over the Sumfner, we ran in August one ol four previously planned summer schools, NEON. Theatre practitioners. Sadie Hurley and James Middleton. worked for a week with fifteen 8-11 year olds in the Quartethouse auditorium lo explore ways to be creative and expressive. The children focused ori visual arts. creative writing and digital performance and made digil818nd cr8ft-b85ed work that was displayed in the Quarterhouse foyer windows du￿ng August. As part ol The Plinlh project. a schools engagomont programme was developed. Mobilo plinths werc delivered lo 17 local pri.Trary and secondary schools in the district. Each School had the opportunity lo reale and engage with the project in any way they wanted. Online resoLJrces were shared with teachers lo supporl the project. The response from all schools was very positive w1th many teachers feeding back that The Plinth gave pupils and teachers something to locus on and gel excited about. About 2.500 children and young people were involved in the project with many exhibiting their Plinth in their school's foyer to give more pupils the opportunity to engage In the projeci. In collaboration with six local artists. Inspirational digital workshops were created showcasing diffcrent ways to make sculptures using a wide variety of materials which were easily available and affordablc. Over six weekends one of Ihe workshops was published via Social media encouraging families lo be creative and tD get involved in The Plinth. Free malenal packs linked lo each workshop were available every weekend for families lo be picked up from Glassworks or from a shop on Ihe Old High Street. CREATIVE FOLKESTONE Report of Trustees For the ear ended 31 March 2021 Prospect Cottage Prospect Collage was the home of film director and artist Derek Jamian from 1986 unlil his death in 1994. During these years he created an artwork out of his cottage and culbvated a beatstilul garden in the shingle around it. In 2020 the Art Fund led a carnpaign with ihe help of Tate Gallery and Creative Folkeslone to raise the funds to purchase Prospect Coltage and ils contents so that il could be saved for the nation and become a eentre for creative activity. The campaign raised £3.634,087 for the acquisition of the property and the eslaL>lishmenl of an endowment fund lo secure for the upkeep of the cottage and garden. Creative Folkeslone will become the c￿s1odIan of Prospect Cottage taking on responsibility for rnainlenance, establishing a residency programme. providing Interpretation and managing visits lo it. A four-year business plan has been drafted Ihal includes plans for an initial research and development period lo deline the requirements lo bring the Cottage and garden to a good standard and to establish the principles conservation. new group. the Prospect Cottage Advisory Sub-committee, has been formed to support the Chief Execulive and staff lo deliver of the plan. Creative Folkeslone has submitted a bid to the Arts Council lo fund a residency programme aimed al giving artists, a¢ademi¢s, writers, gardeners, filmmakers, and other5 interested in Jarman and his work ac¢ess to Prospect Coltage_ We received a dornation towards this progiamme frorn benofaclors Cale Olson and Nash Robbins through the Rockefeller Philanthropy Fund In August 2020. The Art Fund's planned purchase of Prospect Collage won the annual Acquisition of the Year Award from Apollo Magazine. The shortlist for the prize featured the Louvre. the Melropolilan Museum in New York, the Uffizi Gallery. the J Paul Gelly Museum. Brilish Museum and the Courtauld Insbtule. Diversity Diversity and equality are embedded in all Creative Folkeslone activities giving everyone in the community, irrespective of their protected characteristlC5. the chance lo have a full cullLJral and creative life.11 enriches our artistic programme and airns lo make our aUdIen￿S, workforce and governance inclusive. From application lo appoinlmenl, people with protected characlerislics are slightly over ¥e¢ruited i.e. the slaff team have more diversity than the pool of applicants. Staff are encouraged lo support Creative Folkeslone's corr,milmenls lo diversity and equality and lo help ensure 4hat our strategic dgcisions are efficiently implemented. We have been su¢¢essful in our application lo become a host for a Weston Jerwood fellow and the organisational development for this began in January 2021.The fellowship aims to provide work experience for somebody from the under-represented demographics in the creative or cultural Sector. During the Covid-19 pandemic. we ensured that protected characteri51ic groups. and those disadvantaged by social 3nd economi¢ Challenges such as mental health issues and socio-economic d8privation. were able lo participate in our programme. These groups have been particularly vulnerable as a direct consequence of the pandemic. Arts Council England have reported that Creative Folkeslone ha5 achieved a strong rating in ils diversity classification. Future Plans The main focus of our plans and activitie5 for the corning yeai will be preparing for the re-opening of Quart2rhouse and the Creative Quarter and the successful delivery of two ol our postponed flagship events. Folkestone Book Festival and the fifth Folkestone Triennial. Vve expect that the Quarterhouse perfDnnance programme will be fully reinslated in early 2022. While the impact ol Covid-19 conl*nues, we will crea'.e audience content using digital tecnnologies as It allows thè auditorium lo be used wilh a lower audience capacity. This will requiie Creative Folkeslone to find additional funds as we expect these events lo cost more and deliver lower financial returns. CREATIVE FOLKESTONE Report of Trustees For the ear ended 31 March 2021 We will continue our Open Sesame programme that offers Quarterhouse space to local artists and other creatives lar research and development, training and rehearsal purposes SLJbiect to biidgetary constraints. Vve will continue 10 assist our commercial tenants as the Creatlve Quarter starts to reopen to vlsltors wlth the easing of restrictions. We will help lTrem offer a safe and compliant working environment as the country emerges from the pandemic. Particular atiention will be given to m21ntenance work, delayed in 2020. using designated funds that were set a51de dJring the year. The postponed Folkestone Book Festival took plarp. in Jiinp 2(121 in Quarteihousè and other places across Folkeslone and the programme was a mixture of digltal and live events. Entitled 'The Shape of Things lo Conye, the festival again look ils inspiration from the ideas and thoughts of H.G Wells, a Folkeslone resident for 13 years. Over 10 days, writers. artists and thinkers explored the future and discussed a range of topics, including race relations. the environment. technology, food. pandemics and Britain. Russia. Europe ayd Ilc US. The new extended Crea11ve Folkeslone Triennial 2021 was announced in March 2021 together with the names of participal ng artists. Careful preparalions and delivery will ensure the exhibition is su¢cesslul. We expect the event to be a highlight in the Folkeslone calendar that will attract many visitors to Ihe town which will help boost Folkestone's economy as the town comes out of the pandemic. From January 2022, Creative Folkestone Trienni31 will be under new curatorship and the process of appointing a new CLJralor has started during Ihe second half of the year. Mark Dion s Mobile Gull Appreciation Unil will be ieinstated as a mobile visitor centre on the Harbour Arm and the recruited and trained volunleers will continue with the interpretation of the artworks. Once Creative Folkeston8 Tri8nnial has finishod. n8w selected arlworks will join Folkestone Arhvorks and the website, leaflels and other communication material will be upclaled. In 202112022 we will be Inviting the community lo lake part in Beacons, ar) engagement project consisting ol a series ol workshops and events. culminaling in a theatrical happening ol music and light in Novèmber. The project is about the theme of inler4èpendence belween people, places and eco-systems. Creative Folkestone will remain committed to environmental responsibility by continuing lo reduce its carbon loolprinl. engaging with lopics such as climate, biodiversity. waste and energy in OLJr festivals, projects and engagement programme and promoting good practice in the Creative Quarter. An updated environmental and sustainability strategy will be drafted outlining our vision and ambitions and the plans lo achieve them. An application for extended fvnding will be submitted to ACE by January 2022 seeking lo oxlcnd Creativc Folkeslone's slalus as a Nat,onal Porfolio Organisab"on. We will ask for support in Creative Folkeslone's national leadership role in creative placemaking and to lake into account projecis such as Prospect Collage, Ship Streel and Otterpool and the development of our learning and engagement programme. Creative Folkestone shares the new leg-year vision published by ACE which will be embedded in our new five-year business plan that will be drafted in the firsl months ol the new year_ The plan will outline how we will be implemenling their four strategic priorilies Ambition and Oualily. Inclusivity and Relevance. Dynamism and Environmental Responsibility - into our future activities. In summary, wo expect that 202112022 will be a year of recovery from Covid-19 restrictions and cultural austerity and Creative Folkestone will step up again lo ils cultural placemaking leadership role lo deliver a programme of a¢livities reflecting OLJr vision lo make Folkeslone a better place lo live, work, play and visit through creativity and regeneration. Financial review The financial posiliori of the Charity is as sel out in the financial slalemenls lor the year. Durlng the finaT7cial year ended 31 March 2021, the Charity achieved a surplus of £1.388.811 12020.. deficit. £51,295) ol which £1.150,000 relates lo the value of property donaled by the Roger De Haan Charitable Trust IRDHCTI during the year. The results weie impacted adversely by a reduction ol anticipated rental income as a consequence of delays the RDHCT experienced lo building works which in turn delayed their donation of o further properties to Creative Folkestone. 13- CREATIVE FOLKESTONE Report of Trustees For the ear ended 31 March 2021 The Charity has faced considerable challenges following the Covid-19 outbreak with reslriclions placed on ils charitable aclivilies. staff rnovemenl and lenanls. premiscs. response. the Charity reduced its costs wherever possible including using the government's fudough scheme. adap.ed ils operations and provided support to Its staff and lenants. Helpfully. the Charity had been taking steps to build up its cash reserves which Improved ils resilience during recent months. The Charity held long leasehold properties at 31 March 2021 with a balance sheet value of £13 million. These properties are owned by the Roger De Haan charitab￿ Trusl and leased to Creative Folkestone at a peppercorn rent for 125 years. These properties provide a rental income for the Charity which Il uses to satisfy Its charitable objectives. However, these properties may only be rented for creative and educational purposes. and the capital value may never be realised by the Charity_ The high level of restricted ftjnds shown in the balance sheet as at 31 March 2021 relates principally to the Charity's properties in the Creative Quarter rather than available cash resources. Reserves policy Since th,e eslablishmenl in 2002 of Creative Folkestone. the Charity had been in the development phase ol addressing ils Gharilable objectives. During this period, the Charity had not sought to build its reserves, aside from those represenled as property assels. More recently the Charity has sought to build a cash reserve in addition lo it5 property assets. 11 aims lo maintain positive cash reserves over the next 10-year periotl. A risk-based assessment of need has sel a lar9&t range of between £250.000 and £400.000. Current free non designated reserves are £462,000, above the range and given Current uncertainty considered to be acceplable. The reserves are set out in Note 21 to the financial statements. Restricted fund5 are subject lo specific terms and conditions declared by the donorls}. and are only used for the purposes for which they are given. Designated funds In preparation for the Folkeslone Triennial the Board will seek lo designate reserves to future Triennials in the years between exhibitions. The cost of a Triennial is circa £2,100.000. The Trustees have desiynated a lolal of £895,000 I£502,000 to Triennial 2021, £143,000 lo Arts Programme costs. £100.QOO to the Covid related maintenance backlog, £50,000 lo the Charity'5 20th anniversary event5 and £IOO,000 lo the Triennial in 2024. Investment policy The Charity's surplus funds are presently held on cash deposit. Principal risks and uncertainties The Trustees have a duty to Identify and review the llsks lo which the Charity is exposed and lo ensure appropriate contro15 are in place lo provide reasonable assurance agaittst fraud and error. RegLJlar formal Iruslee and management meelings are held to ieview progress towards achieving Ihe Charity's objeclives and to promole strategic direcbon within the operalior). The Senior Management Team addresses regularly the full risk schedule idenl".fied by the Trustees and puts in place procedures and controls so as to ensure those risks are adequately managed. The principal risks are al economic downturn and Covid related uncertainty, bl loss of key Board members and staff and cl failure lo hit earned income and fundraising targets. The mitigating aclions are identif5ed in the business plan, including ensuring necessary reserves, good property management, succession planning and investment in the fundraising team. The Charity had in place a contingency plan which proved ils worth during Covid-19 ￿strictl0n$. wilh operations transitioning smoothly lo a home working environment for all staff. 14- CREATIVE FOLKESTONE Report of Trustees For the year ended 31 March 2021 Equal opportunities and diversity policy The Trustees recognise that ensuring eqLEal opportunities for all is an integral part ol good practice within the workplace and Creative Folkestone remains committed lo ils comprehensive Equality and Diversity Policy. The charity ensures that the buildings Il occupies comply fully with Ihe stalutory regulations in place in relation to disatiled access. Auditor RSM UK Audit LLP was appointed auditor to Creative Folkestone in accordance with section 485 of the Companies Act 2006 and has Indicated Ils willingnes5 to conlinue in office. Strategic report The mallers which the Trustees deem lo be of slralegic importance have been included within the Report ol Trustees on pages 110 3 in accordance wilh section 414cl111 of the Companies Act 2006. This Report was approved by the Board of Trustees or 79JNNgy2rythr2Q21. and signed on their behalf, by." Sir Roger M De Haan - Chair of Truslees 15- CREATIVE FOLKESTONE STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees (who are also dtreclors of Creative Folkeslone for the purposes of company lawl ale responsible for preparing the Stralegic Report, Report of the Trustees and the financial slalements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}. Company law requires the Trustees to prepare financial slatements for each f1nancial year which give a true and fair view of the state of aflairs of the charitable company and of the 1ncoming resources and application ol resouices, in¢lbding the income and expenditure, of the charitable company for that penod. In preparing those financial statements. the Truslees are required to.. select suitable accounting policies and then apply them consistently.. observe the methods and principles in the Charities SORP.. m3ke judgements and accounting eslimales that are reasonable and prudent,. slate whether applicable UK Accounting Slandards have been followed. subject lo any tnalerial departures disclosed and explained in Ihe financial statements and. prepare the financial statements on the going con￿rn basis unless il is inappropriate lo presume that the charitable company will contsnue in business. The Trustees are responsible lor keeping proper accounting records Ihat disclose with reasonable accuracy at any lime the financial position of the charitable company and enable them to ensure that the financial slalemenls comply with the CompaniesAcl 2006. They are also responsible for safeguarding the assets of the charitable company and hence for lakillg reasonable steps for the prevention 2nd detection of fraud and olher irregulariknes. The Trustees are responsible for the mainlenance and integrity of the corporate and financial infortnalion included on the charitable company's website. Legislation In the u￿lted Kingdom governing the preparation and dissemination of financial slalemenls may differ from legislation in other jurisclictions. 16- INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CREATIVE FOLKESTONE Opinion on financial statements We have audited the financial stalemenls ol Creative Folkestone Ilhe 'chantable company'l for the year ended 31 March 2021 which comprise the Statement of Financial Activities (including the Income and Expenditure Accounll. the Balance Sheet. the Cash Flow Statement and notes to the financial statements, Including significant accounting policies. The financial reporting trarnework that has been applied in their preparation is applicable law and United Kingdom Accour.ting Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and Republi" of Ireland" (United Kingdom Generally Accepted Accounting Practicel. In our opinion the financial statements.. qive a true and fair view of the state of the charitable company's affairs as at 31 March 2D21 and of Its incoming resources and application of resources, including its income and ¥Apeiidiiul¥. Ivi y-vdf lai ei i ¥li dvu. have been properly prepared in accordance wlh United Kingdom Generally Accepted Accounting Practice". and have beery prepared in accordance with Ihe requirements of the Cofftpanies Act 2006. -?s.'s hpittion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Audilof's responsibililies for the audit of the financial slalements section of our report. INe are independent ol Ihe charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statéments in the UK. including the FRC'S Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requiremenls. We believe that the audit evidence we have obtained Is sufficieTrt 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 the preparation of the financial slalemenls is appropriale. 8ased on the work we have performed, we have not Idèntified any materi31 uncertainties relalirTrg lo events or conditions that. Individually or collectively. may cast Slgnificanl doubt on the charitable company's ability to continue as a going concem for a period of al least twelve months from when the financial slalemenls are authorised for issue. Our responsibilities and the responsibilities of the Iruslees with respect to going concern are described in the relevant secbons ol this report. Other information The other information comprises the information included in the Report ol Trustees other than the financial slalemenls and our audilor's report Ihereon. The Iruslees are respons',ble for the other inforrnalion contained within the Report ol Tru51ees. Our opinion on the financial slalements does not cover lie olher inlorma'.ion and, eX￿p1 lo Ihe exlenl olhevwise explicitly stated In our report, we do not express any form of assurance concluslon thereon. Our responsibility is lo read the other information and. in doing so, consider whether the olher inlorrnalion is materially inconsistent with the financial statements or our knowledge obtained In the course of Ihe audit or otherwise appears lo be malerially misslated. If we Identify such material inconsistencies or apparent material misstatements. we are required to determine whether this gives rise lo a material misstatement in the financial statements themselves. If, based on the work we have performed. we Conclude that there is a material misslalement of Ihis other information, we are required lo report that fact. We have nothing lo report in this regard. 17- INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CREATIVE FOLKESTONE Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken Ihe Course of Ihe audit". the information given in the Report of Trustees, which includes the Directors. Report and the Strategic Report prepared for the purposes of company law. for ltte financial year for whi¢h the finallcial slalefflenls are prepared Is consistent with the financial slaternents,. and the Directors, Report and the Strategic Report included within the Report of Trustees have been prepared ir¥ accordance with applicable legal requirements. Malters on which we are required to report by ex¢eption In the light of the knowledge and understanding ol the charitable company and its environfnenl obtained in the course of the audit. we have not identified malerial misslalemenls in the DirecloTS' Report or the Strategic Report InclLJded within the Report of Truslees. We have nothing lo report In respect of the following mallers where Ihe Companies Act 2006 requires us lo 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 the financial slalements are not in agreement with the accounting records and returns., or certain disclosures of trustees remuneration specified by law are not made". or we have nol received all the informalion and explanations we require for our audit. Responsibilities of trustees As explained rnore fully in the Slaternent of Trustees responsibilities set out on page 16, the trustees IwhD are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation ol the firyancial statemenls and for being satisfied that they give a true and lair view, and for such Internal control as the trustees determine is necessary to enable the preparation of finanGial statements that are free from material misstatement, whether due lo fraud or error. In preparing the financial slalements. the Iruslees are responsible for assessing the charitablè company s ability to Continue as a going concern, disclosing, as applicaDle, fflalters related to going concern and using the going Concern basis of accounting unless the Iruslees either intend lo Iiquidale the ch2rilable company or to cease operations. or have no realistic allernalive bul lo do so. Auditor's responsibilities for the audit of the financial statements Our obieclives are lo obtain reasonable assurance about w*ether the financial slatements as a whole are free from material misslalemenl, 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, bul is not a guarantee Ihat an audit Conducted in a¢¢ordan¢e wilh ISAS IUKI will alway5 delecl a material misslalemenl when il exists. Misstatements can arise frow. fraud or error and are ¢onsidered material if. individually or in the aggregate, they could reasonably be expeeled lo influence Ihe economic decisions of users taken on the basis of these financial statements. The extent to which the audit was considered capable of detecting Irregularities, including fraud Irregu12rilies are instances of non-compliance with laws and regulations. The objectives of our audit are lo obtain sufficient appiopriale audit evidence regarding comp11ance with laws and regulations that have a dire¢l effect on the delermination of material amounts and disclosures in the financial statements, lo perform audit procedures to help identify instances of non-compliance with other laws and regLJla110ns Ihat may have a material effect on the financial statements. and lo respond appropriately lo Identified or sbspecled non-compliance with laws and regulalions idenlified during the audit. 18- INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CREATIVE FOLKESTONE In relation to fraud. the Dbiectives ol our audit are lo Idenlily apd assess the risk ol material misslalement of the financial statements due lo fraud to obtain sufficient appropriate audit evidence regartsing the assessed risks of material misstatemenl dJe to fraud through designing and implementing appropriate responses and lo respond approprialely to fraud or suspected fraud identified during the audit. However. it is the primary responsibility of management. with the oversight of those charged with governance lo erisure that the entity's operations are conducted in accordance with the provisions of laws and regulalions and for the prevention and ¢election of fTaud. In idcnlifying and assessing risks ol malenal mis6tatom8nt in r85P8cI of irregularilies, including fraud. the aueil engagement team". obtained an understanding of the nalure of the sector, including the legal and regulatory framework that the charitable company operates in and how Ihe charitable Company is complying with the lègal and regulatory frarnework., Inquired ol m3pagemenl. and those ¢harged with governance, about their own identification and assessrnenl of the risks ol Irregularities. including any known actual. suspected or alleged instance5 of fraud". discussed mallers atKJuI non-compliance with laws and regulations anO how fraud might occur ifjr.ILidinrJ x%%p.%.4mp.nt nf how and where the financial statemenis mav be susceptible lo fraud. As a rèsult of these proceduTes we consider the most significant laws and regulations that have a direct impacl on the financial statements ar8 FRS 102. Charities SORP IFRS 1021. Cornpanie5 Act 2006, Charities Act 2011 and the charitable company's governing document. We performed audit procedures lo delecl non-compliances which may have a material impact on the financial statements which included reviewing the financial statements including Ihc Report ol Truslees and remaining alert lo new or unusLJal transactions which may not be in accordance with Ihe governing documents. The most significant laws and regulations that have an indiroct impact on the financial slaleTnen15 are Ihose In relation lo health and safely and tenancy laws. We performed audit procedures lo inquire of management and those Charged with governance whether the charitable company is in compliance with these law and regulations. The audit engagement team Identified the risk of management ove￿Ide of controls and as the area where the financial statements were most susceptible to material misslaternent due lo Iraijd. Audit procedJres performed included but were not limited to tests.ng manual joumal entries and other adiuslmenls. evaluating the business rationale ir relation to significant. unusual transactions and transactions entered Into outside Ihe normal course ol business and challenging judgments and eslimales. A further description of our responsibilitie5 for the audit of the financial statements is located on the Financial Reporting Council's websiie at hll ..Ihwww.frc.o -uklaudilorsres onsibilities. This description forms part of our auditor's report. Use of our report This report is nade solpty lo Ihp rharilablp company's rnernbers, as a body. in accordance with Chapter 3 of Part 16 of Ihe Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charitable company s members those mallers we are required lo state lo them In an auditor s report and lor no other purpose. To Ihe fullest extent permitled by law, we do not accept or assume responsibility lo anyone other than thè charilable company and the charitable company s members as a body. lor our audit work, for this report. or foT the opinions we have formed. ftsF4 LLP Nicholas Sladden (Senior Slalutory Audilorl For and on behalf of RSM UK AUDIT LLP Slalulory Auditor. Chartered Accountants 25 Farringdon Street London. EC4A 4AB I 2021 19- CREATIVE FOLKESTONE Statement of Financial Activities Ilncluding Income and Expenditure Account) For the year ended 31 March 2021 2021 2020 Total Funds Notes Unrestricted Restricted Funds Funds Tolal Funds Income from: Donations and legacies 33.305 1.164,000 1.197,305 128,042 Chafilable activities 2.285.631 93.382 2.379,013 2.682.206 Other trading activilies 7.540 7,540 96.872 Investments 1.940 1,940 3.282 Other income 75.451 75,451 Total income 2.403.867 1.257.382 3,661,249 2,910,402 Expenditure on- Charitable activities 1.925.580 346.759 2.272,339 2,919.464 Other Iiading activities 11 99 99 42,233 Total expenditure 1.925.679 346.759 2.272.438 2.961,697 Net incomel{expenditurel and net movement in funds 478.188 910,623 1,388,811 151,2951 Total funds at 1 April 1.153.180 17.249.262 18,402,442 18,453,737 Total fund5 at 31 March 1.631.368 18.159.885 19.791.253 18.402,442 20- CREATIVE FOLKESTONE Balance Sheet At 31 March 2021 Company Registration hlumber." 04566484 Notes 2021 2020 Fixed assets Tangible asset5 Heritage assets Investments 18.385.808 53,400 17.476,224 53,400 18.439.209 17,529,625 Current assets Debtors Cash al bank and in hand 18 447,917 1,525.049 380,693 1,227,023 1.972.966 1.607,716 Creditors.. amount5 falling dup within one year 19 1620,9221 {734,8991 Net current assets 1,352.044 872,817 Nat assets 19.791.253 18.402.442 Funds Unrestricted funds ReslriGled funds 22 22 1.631,368 18.159.885 1,153,180 17.249.262 Tolal funds 19.791,253 18,402,442 The financial slalemenls on pages 20 10 36 were approved by the board and aulhorised for issue on 29 November.2021. and signed on its behalf by". Sir Roger M Oe r of Trustees 21 CREATIVE FOLKESTONE Statement of Cash Flows For the year ended 31 March 2021 Noles 2021 2020 Cash outflow from operating activities- Nel cash provided by operating activities Interest received 24 296.086 1.940 183,578 3,282 Net increase in cash and cash equivalents 298.026 186.860 Cash and cash equivalents 1 April 1.227,023 1.040,163 Cash and cash equivalents 31 March 1.525.049 1,227,023 Relating to.. Cash al bank and in hand 1,525,049 1,227,023 CREATIVE FOLKESTONE Notes lo the Financial Statements For the year ended 31 March 2021 1 Accounting policies Legal status The Qharity is a company Iimilpd hy giiaranl*p Thp. mp.mhp.rq nf thp rnmpany arp. thp. Triislp.p.s In the event ol the Charity being wound up. the liability in respect of the guarantee is limited lo £1 per rnember ol the Charity. The Charity's objectives and aims are disclosed in the Report ol Twslees. Accounting convention These financial slalemen15 have been prep