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2021-03-31-accounts

			Page
Report ofthe Trustees		1	to	13
Independent Examiner's	Report		14
Statement ofFinancial Activities
Balance Sheet			16
Notes tothe Financial Statements		17	to	23

					2021	2020
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies		2	165,844	153,747	319,591	186,561
Investment income		3	4,845		4,845	172
Total			170,689	153,747	324,436	186,733
EXPENDITURE ON
Raising funds			1,050		1,050	6,603
Charitable activiPdies
Associates Programme			74,267		74,267	71,143
Artist Commission			17/(46		17,446	22,173
Public Programme			30,816		30,$16	39,222
Young Associates Programme			19,610	88,921	108)531	79,9$5
Despacito			20,963	400	21363	24,225
RCA			6,526		6,526
Total			170,678	$9,321	259,999	243,351
NET INCOME/(EXPENDITURE)				64,426	64,437	(56,618)
Transfers between funds		10	50	(50)
Net movement in funds			61	64476	64,437	(56,618)
RECONCILIATION	OF FUNDS
Total funds brought forward			83,916	24,859	108,775	165,393
TOTAL FUNDS CARRIED FORWARD			83,977	89&235	173&212	108775

				2021	2020
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	I	6
CURRENT ASSETS
Debtors		115		115	1,053
Cash at bank		87,405	923113	180,218	108,501
		87,520	92,813	180,333	109,554
CREDITORS
Amounts falling due within one year		(3,543)	(3,578)	(7,121)	(779)
NET CURRENT ASSETS		83,977	89,235	173,212	108,775
TOTAL ASSETSLESSCURRENT
LIABILITIES		83,977	89,235	173,212	108,775
NET ASSETS		83,977	89,235	173,212	108,775
FUNDS	10
Unrestricted funds				83,977	83,916
Restricted funds				89,235	24,859
TOTAL FUNDS				173,212	108,775

DONATIONS	AND	LEGACIES
			2021	2020
			f
Donations			5,095	7,165
Grants			314,496	179,396
			319,591	186,561

						2021f	2020
ACE NPO						96,157	90,000
Art Fund						900
Arts Council England		/ Margate NOW					12,083
Colyer-Fergusson	Charitable		Trust			57,900	14,000
Consultancy Fund						1,569
Freelands Foundation						67,540	34,813
KCC						1,000	9,000
Kent Community						3,500
Mbili						5,000
Other Grants						500
Roden						15,000
Royal College ofArt						3,430	4,500
Sarah and Gerard	Griffin					60,000	15,000
Tovey						2,000
						314,496	179,396
INVKSTMKNT INCOME
						2021f	2020
Studio Income						4,800
Deposit account interest						45	172
						4,845	172
SUPPORT COSTS
						Governance
				Management	Finance	costs	Totals
							f
Associates Prograrnine				47,787	36	2,818	50,641
Arlist Commission				11,946	9	704	12,659
Public Progranune				23,896	18	1,409	25,323
Young Associates	Programme			33,781	14	1,969	35,764
Despacito				17it20	14	1&117	19,051
				135,330		8,017	143,438

	There were no trustee 31March 2020.	s' remu	neratio	n or ot	her benefits for the year ended 31 Marc	h 2021 nor for the	year ende
	Trustees' expenses
						2021	2020
						8
	Trustees' expenses						90
6.	STAFFCOSTS
	The average monthly	number	ofemployees		during the year was as follows:
						2021	2020
	Management and Teaching					5	5
	No employees received emoluments			in excess of860,000.
	COMPARATIVKS FORTHE STATEMENT OFFINANCIAL ACTIVITIES-YEAR END 2020
					Unrestricted	Restricted	Total
					funds	funds	fundsf
	INCOME AND ENDOWMENTS			FROM
	Donations and legacies				115,464	71,097	186,561
	Investment income				172		172
	Total				115,636	71,097	186,733
	EXPENDITURE ON
	Raising funds				6,603		6,603
	Charitable activities
	Associates Programme				60,893	10,250	71,143
	Artist Commission				9,738	12,435	22,173
	Public Programme				22,173	17,049	39,222
	Young Associates Programme				14,882	65,103	79,985
	Despacito				16,376	7,849	24,225
	Total				130,665	112,686	243,351
	NKT INCOME/(EXPENDITURE)				(15,029)	(41,589)	(56,618)
	Transfers between funds				493	(493)
	Net movement in funds				(14,536)	(42,082)	(56,618)

	COMPARATIVKS continued	FOR THE STATEMENT OFFINANCIAL	ACTIVITIES -	YEAR END 20	20-
			Unrestricted	Restricted	Total
			funds	funds	funds
			I
	RECONCILIATION	OFFUNDS
	Total funds brought	forward	98,452	66,941	165,393
	TOTAL FUNDS CARRIED FORWARD		83,916	24,859	108,775
8.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
				2021	2020
					5
	Other debtors			115
	Prepayments				1,053
				115	1,053
9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2021	2020
				8
	Pension liability			292	324
	Accruals and deferred	income		6,279
	Deposits held			550	455
				7,121	779

						Net	Transfers
						moveinent	between	At
					At 1,4.20	in funds	funds	31.3.21
						6		6
Unrestricted	funds
General Fund					12,973	8,778	(4,768)	16,983
Reserves					55,000		5&000	60,000
Sarah and Gerard		Griffin			11,443	(4,449)		6,994
RCA					4,500	(3&008)	(1,492)
Consultancy Fees Fund						(1410)	1,310
					83,916		50	83,977
Restricted funds
KCC						50	(50)
Colyer-Fergusson		Charitable	Trust		13,168	30,067		43,235
Freelands Foundation					11,691	7,715		19,406
Darkness Retreat		Project				908		908
Kent Community		Fund				3,100		3,100
Mbili Fund						5,000		5,000
Roden Fund						15,000		15,000
Tovey Fund						1,6$6		1,6$6
ArtFund						900		900
					24,$59	64,426	(50)	89,235
TOTAL FUNDS					108,775	64,437		173,212
Net movement	in	funds, included		in the above are as follows:
						Incoming	Resources	Movement
						resources	expended	in funds
								f
Unrestricted	funds
General Fund						10,441	(1,663)	8,778
ACENPO						96,157	(96,157)
Sarah and Gerard		Griffin				60,000	(64,449)	(4&449)
RCA						3,429	(6,437)	(3,008)
Consultancy Fees		Fund				662	(1,972)	(1410)
						170&6$9	(170,67$)
Restricted funds
KCC						1,000	(950)	50
Colyer-Fergusson		Charitable	Trust			57,899	(27,832)	30,067
Freelands Foundation						67,540	(59,825)	7,715
Darkness Retreat Project						90$		908
Kent Community		Fund				3,500	(400)	3,100
Mbili Fund						5,000		5,000
Roden Fund						15,000		15,000
Tovey Fund						2,000	(314)	1,686
Art Fund						900		900
						153,747	(89,321)	64,426
TOTAL FUNDS						324,436	(259,999)	64,437

					Net	Transfers
					movement	between	At
				At 1.4.19	in funds	funds	31.3.20
					f,
Unrestricted funds
General Fund				58,452	(3,153)	(42,326)	12,973
Reserves				40,000		15,000	55,000
ACE NPO					(1,495)	1,495
Sarah and Gerard	Grifgn				(14,881)	26,324	11,443
RCA					4,500		4,500
				98,452	(15,029)	493	83,916
Restricted funds
BigLottery Fund				6,203	(6,210)
KCC				105	(105)
Colyer-Fergusson	Charitable		Trust	25,910	(12,742)		13,168
Arts Council England		/ Margate NOW			500	(500)
Freelands Foundation				34,723	(23,032)		11,691
				66,941	(41,589)	(493)	24,859
TOTALFUNDS				165,393	(56,618)		108,775
Comparative net	movement		in funds, included	in the above are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
Unrestricted funds
General Fund					6,137	(9,290)	(3,153)
ACE NPO					89,999	(91,494)	(1,495)
Sarah and Gerard RCA	Griffin				15,000 4,500	(29,881)	(14,881) 4,500
					115,636	(130,665)	(15,029)
Restricted funds
BigLottery Fund						(6,210)	(6,210)
KCC					9,000	(9,105)	(105)
Colyer-Fergusson	Charitable		Trust		14,000	(26,742)	(12,742)
Arts Council England		/ Margate NOW			12,084	(11,584)	500
Freelands Foundation					34,813	(57,845)	(23,032)
Artists Support					1,200	(1,200)
					71,097	(112,686)	(41,589)
TOTALFUNDS					186,733	(243,351)	(56,618)