## ||||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)| ## ## ## ##