2021-02-28-accounts - The Margate Caves Community Education Trust

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THE MARGATE CAVES COMMUNITY EDUCATION TRUST

The

Annual Report 2020 – 2021

Registered Charity Number: 1155904 www.margatecaves.co.uk

Mission Statement

The Margate Caves Community Education Trust is a charity working to advance the education of the public in the subject and meaning of the environment and social history of the Margate Caves and the Isle of Thanet and to provide opportunities for leaning and education that support the local community in tackling disadvantage.

We aim to achieve this by working to re-open the Margate Caves and developing the site for public benefit whilst delivering our programme of education and learning activities within the community.

We aim to be accountable for the funds we use, cost- effective in carrying out our purpose, caring and professional in the way we work and transparent in all our activities.

Introduction from the Chair of Trustees

Like many visitor attractions across the country, our ability to open and trade, this year, has been severely affected by Covid -19.

Sadly, a deeply personal loss from Covid -19 was felt by us all when our kind, generous and talented Archivist succumbed to this terrible disease. Chris Pearson, who died on 13 February at the age of 68 served as archivist and researcher for both the Shell Grotto and the Margate Caves, and was a generous friend to many. Chris was a tenacious and thorough researcher, always seeking out primary sources and with a remarkable talent for unearthing new information. It was Chris who first established a link between the Caves and Margaret Bryant.

With support from the Heritage Lottery Fund, government furlough and grants scheme we are pleased to report that we were able to pay and retain all of our staff throughout this time.

Opening, under Covid-19 restrictions for just a few months from the end of July to October meant that our visitor numbers were well down on what we would have expected in this our first full year of operation.

None the less, the people who were able to visit the Caves enjoyed their experience and appreciated the efforts made by staff and volunteers to make them feel welcomed and entertained.

On behalf of the Trustees, I would like to thank all the staff and volunteers for sticking with us and helping each other through this difficult time. Staff have supported volunteers and made great efforts to engage with the local community, providing online learning materials and activities.

We hope that next year will allow us to get back to some sort of normality and we can, once again, open our doors and welcome you all to the Caves.

Sarah Vickery

Chair of Trustees

Objects and Activities

Constitution

The Margate Caves Community Education Trust operates as an incorporated charity whose object is to advance the education of the environmental and social history of the Margate Caves and the Isle of Thanet in any manner which now or hereafter may be deemed by law to be charitable.

The relevant powers granted to it by the constitution to achieve this are:

To encourage, promote, organise and advance the education of the public in the environmental and social history of the Isle of Thanet;
To work in partnership with other organisations for the advancement of education and the alleviation of disadvantage;
To raise funds to support the work of the charity;
To purchase and/or lease land or property;
Other purposes that are deemed exclusively charitable.

Public Benefit

In seeking to achieve its objectives the charity has had regard to the guidance issued by the Charity Commission in respect to public benefit.

Current Objectives

The main priorities for TMCCET during 2021/22:

To achieve, Covid restrictions allowing, visitor numbers of 32,000;
To achieve budget targets for the Centre;
To continue to develop the charity’s community and learning programmes developing partnerships that will help deliver them.

Monitoring and Evaluation

The charity continues to develop its best practice procedures for the monitoring and evaluation of its work, incorporating the requirements of its funders.

Activities

Visitors to the Caves

Having to close for eight months of this year and only opening under strict Covid-19 restrictions meant that only 7,750 people were able to visit the Caves as opposed to the over 32,000 we were expecting this year.

The Community Café

Our community café also felt the effects, only being able to offer a limited menu when we were able to open, using our outside space as much as possible.

None-the-less our inventive Café Managed was able to offer her Halloween specials again this year

On 20[th] December we took a stall to our local farmers market, selling items that had been made for sale at the Caves along with sausage rolls, mince pies and gingerbread. We spoke to over 150 people about the Caves.

The Community Rooms

The community room/s can be used as one large room or divided into two smaller rooms.

Although many groups were not able to meet this year in a safe way, Porchlight have been using the rooms 3 days a week for 2 different services, providing a safe space for their young people and adults in difficulty to meet their case workers

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Community Rooms
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Community Activities

Prior to closing, in March 2020, we held a children’s craft weekend to commemorate International Women’s Day, focussing on star-based crafts to celebrate Margaret Bryans relationship with astronomy.

Whilst closed, we provided for the local community by putting together Easter craft kits and delivering them (contactless) to the two social housing blocks next to the Caves. Feedback was good and those who received them were very grateful.

We provided craft kits that went to one of the food banks in the local area, they then distributed these kits with food parcels to families in need.

In September we took part in the Heritage Open Day event, offering free entry to 65 people a day, take up was good, with many visiting on lower incomes.

For October, we decorated the Caves for Halloween and our L&E Manager organised craft sheets to put online. The team dressed for the occasion.

We decorated our window to be part of the community pumpkin trail, giving children something to look for on walks as they could not trick or treat

In half term we organised torchlight tours of the Caves out of hours, these were very well received and booked up in advance. Feedback was positive. People liked that it was something different and the private element made people feel safe.

Although closed in November, we dressed our picture window for Remembrance Day

Sadly, being moved into Tier 4 in December meant we had to cancel our Santa’s Grotto bookings. Some very generous people chose to convert their bookings into vouchers for next year.

We were part of the local Rotary Clubs Santa Advent, with Santa visiting the Caves in a Covid secure way which was shared on social media.

Volunteering

Since we re-opened Margate Caves in August 2019, over 40 volunteers have given us their time and support.

They have contributed across all the roles within the Centre from Caves Guides to Café Assistants.

We value our volunteers and our main aim in this very difficult year was to support them as much as we could. We have communicated with them throughout lockdowns to ensure that they are in good health, though loneliness was an issue. To help with this we instigated chats between volunteers and created a closed group they can join to share stories.

Some of our less vulnerable volunteers were able to return to work in the periods we were able to open and we really appreciated their contribution.

We managed to recruit four new volunteers this year and we welcome Euan, Kristen, Angela and Arron to the team

Partnership Working

The Trust views partnership working as essential in carrying out our charitable objectives and we have worked hard to develop partnerships that have added value to our work and where we have added value to others. These include:

Thanet District Council
Thanet Visitor Centre
The Shell Grotto
Kent Association for the Blind
GRASS
East Kent College
Porchlight
Quarterdeck
Community Church Margate
East Coast Volunteering
Kaner Olette, Architects
Betteridge & Milsom
Kent Community Foundation
POW! Thanet

Governance and Decision Making

The body responsible for the management of the charity is the Board of Trustees. The Board meets four times a year and is elected by the members of the charity.

Members of the charity are invited to attend.

Executive Committee

Trustees

Sarah Vickery (Chair) Andy Cannon (Treasurer) Valerie Kirschner (Secretary) Jan Leandro Adrian Smith

Staff / Freelance

Mrs Ellen Clark Miss Kayleigh McMahon Miss Rebecca Wornast Mrs Linda Berritt Ms Harriet Hunter Ms Jodi Turner

Volunteers

Brian Doherty Anny Squire Geoff Moore Jackie Conon Lee Wilkins Jane Lovegrove Lisa Nicholls George Welby Mary Lowley Anthony Walker Peter Marsh Tracey Wornast Fred Ansell Jacqueline Wright Neil Wornast John Ventham Mel Williams Adam Harris Euan Davies Kirstin Davies Angela Garforth

Katie Wornast Michael McMahon Sandra Payne Jackie Berritt Laurence Berritt Albert Berritt Aaron Holland

Fundraising

We thank everyone who, this year, have helped us through this very difficult and challenging period.

We were grateful for the furlough scheme and government grants that allowed us to support and retain all of our staff.

We thank the National Lottery Heritage Fund for extending their grant period to allow for the effects of the pandemic and for additional specific Covid support funding.

We thank everyone who have supported our work, however much you were able to give us we are extremely grateful.

Private Dinner Party in the Caves

Can you Help?

Our Annual Report shows you that we have realised our vision for re-opening the Caves and creating a facility that everyone can enjoy and use. But we still need more funds to help run it and keep it affordable and accessible for all. You can help by sending a donation. Any amount, however small will make a real difference. Check out our website www.margatecaves.co.uk for details on how you can donate. THANK YOU

Treasurers Report and Accounts

Achievements and Performance

Last year we set ourselves these objectives:

To achieve the outputs and outcomes detailed in the Heritage and Community Fund applications for the Centre;
To produce an evaluation report by September 2020 for funders;
To achieve budget targets for the Centre;
To continue to develop the charity’s community and learning programmes developing partnerships that will help deliver them.

With the Covid-19 epidemic affecting most of the year we were only partially able to achieve the objects we set.

We produced an interim evaluation for the National Heritage Lottery Fund and met most of our outcomes apart from those affected by our closure, including visitor numbers and activities.

We are particularly grateful to the government programmes that allowed us to retain all of our staff and the support of the Heritage Fund covering some of our core costs during this period.

Financial Review

The Statement of Financial Activities shows a net income for the year of (£ ). The charity’s reserves total £ of which £ are restricted funds. The Charity’s funds include £40,000 of loan finance.

Future Developments

Our key objectives for next year are detailed within the “Objects and Activities” page of this report. Out main aim is to recover from the effect that the Covid epidemic has had on our trading.

Health and Safety Policy and Risk Assessment Policy

The charity has a documented Risk Assessment and Health and Safety Policies, these are available on request. Policies are updated in light of current legislation and changes within TMCCET’s working practices.

Reserves Policy

The Charity aim is to hold one year’s operating costs plus redundancy provisions at all times. This we have achieved.

This report contains insufficient information to allow a full understanding of the financial affairs of the charity. For further information the full accounts should be consulted: copies are available for inspection from TMCCET, Northdown Road, Cliftonville, CT9 2FG

From the Iron Age settlement to the Caves' development as a mine and its modern life as a visitor attraction. What will you discover?

The Margate Caves Community Education Trust Northdown Road Cliftonville Margate CT9 2FG

Telephone: (?) Email: info@margatecaves.co.uk TMCCET is a registered Charity no. 1155904

RKGISTERED CHARTfY NUMBER: 115591)4 REPORT OF THE TRUSTE&S AND UNAUDrrED FINANCIAL STATEMENrs FOR THE YEAR ENDED 28 FEBRUARY 2021 FOR THE MARGATE CAVL8 co1mU EDUCATION TRUST (CIO) Spurling Cannon Chart¢red Ccrtified Accountants 424 Margate Road W¢stwood RanLsgate Kent CT12 6SJ

THE MARGATE CAVES COMMUNrrY EDUCATION TRUST (CIO) CONTENfs OF THE FtNANCIAL STATEMENrs FOR THE YEAR ENDED 28 FEBRUARY 21121 Page Report of tbe TSte¢S I to 5 Statement of Flnanclal Activiti¢$ Balan¢e Sb¢et Cash Flow Stten)enl Notes to the CA8h Flow Statement Notes to the Flntsdl Statements 10 to 18 DetAlled Statement of Finncl*l Actlvlties 19 to 20

THE MARGATE CAVES COMMUNITY EDUCATION TRUST {CIO) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2021 The twstces prescnt their r¢port with the financial statements of th¢ ¢harity for the year end¢d 28 F¢bruary 2021. The trusiees have adopted the provisions of Accounting }d Reporting by Chariti¢$.' Statement of Recommended Practice applicablc to charities preparing their accounts in accordance with the Financial Reporting StaThdard applicable in the UK and Republic of Ir¢land {FRS 102) (effective l January 2019). Like many visitor attractions acro$$ the ¢ounlry, our ability lo and trade, this year. has been severely 8ffect¢d by Covid-19. Sadly. a deeply personal loss from Covid -19 was felt by us all when our kind, genero8 and ialented Archivist succumbed to this terrible disease. Chris Pearson, who died on 13 February at the age of 68 servcd as archivist and r¢g¢arL'h¢r for both the Shell Grotto and the MLrg4te Caves, and was a generous fricnd to many. Chris wa5 a tenaciou5 and thorough r¢s¢archer, always $c¢king out primary sources and with a remarkable talent for wiearthitig new information. It was Chris who first estsblished a link b¢tween the Caves arld Margaret Bryant. With support from the Heritsge Lottery Fund, gover[ent fiwlough and s¢h¢m¢ we are pleased to report that we wcre able to pay artd retain all of our staff throughout this tittie. Opening. under Covid-19 triCtionS for just a few months from th¢ end of July to October m¢ant that our visitor numbers were wcll down on what w¢ would Imve expected in this our first full y¢4r of operation. None the less, tho people who wei¢ able to visit the C2v¢s enjoyed their experienee 2nd appr¢ci&ted thc efforts madc by staff ond volunteerb to JDak¢ them feel wel¢omed and entertained. On b¢half of the Ttwtres, I would like to thank all the staff and vo]witr$ for sticking with us ttnd helping each other through this difficult tin. Staff hav¢ supported volunteers 2nd made eat efforts to enge with the local Collty. providing onlille leamitig materials and activitics. We hope that next year will allow us to get ba¢k to some sort of nornjality and w¢ can, once again, open our doors and welcome you all to the Caves. OBJECTIVES AND ACTtvrriES ObJeethte5 alms The Margatc Caves Community Education Tnt is a charity working to advan¢¢ th¢ education of the public in thc sllbj¢ct and meaning of the environment aj social history of the Margate Caves al the Isle of Thanet and io provide opportunities for learning and education that support the lo¢al wmmunity in tackling disadvxntsEe. We aim to achiev¢ this by working to re-open the Mar8at¢ Caves and devcloping the sit¢ for public benefit, whilst deliveriiig ow programme of ¢ducation and learning activities within the Community. We strivE to b¢ accountable for th¢ funds we use, cost-eff¢ctive in carrying out our PUTpose. caring and professional in th¢ way we work atMI transparent in all our activities. Th¢ Margate Caves Comniwjity Education Trust operates as an incoOratcd charity whose object is to advance the educatiort of the environmental and social history of the M8rgat¢ Caves and the Isle of Thanet in any majmer whi¢h now or h¢reafter may be dc¢med by law to bc charitablc. Page I

THE MARGATE CAVKS COMMUNITY F.DUCATION TRUST (CIO) REPORT OF THE TRUSTEES FOR THE YEAR Ef4DED 28 FEBRUARY 2021 OBJECTIVES AP4D ACTIVITIES Significant actiYitie$ Thc r¢levant powers granted by tiic ConstitiOn to achieve th¢ charitys objectives are.. To ¢cOurage, promote, organise and advancc thc education of the public in thc environmcntal and social history of the Isle of Than¢t' To work in partnership with other organisations for the advancemenl of education and the alleviation of disadvantagc,. - To rdise funds to support the work of th¢ thatity,. - To purchasc andlor lease land or propety- Other purpus¥b llidl rxclusively tliaritable. Publlc benefit In seeking to acJ)iev¢ its objectives the charity has had regard to the guidance issued by the Charity Commission in respect lo publi¢ bellefit. Volunteers Sinc¢ w¢ re-opened Margat¢ Caves in Augusi 2019, ov¢r 40 volunteers have given us the5r li and 8upporL They h8ve contribu*d acrob5 all (he roles within th¢ Centre (tom Caves Guid¢s to café assistants. Wc value our volunteers and our main aim in ihis very difficult y¢ar was lo support tl)em as rnuch as we could. We have ¢ommunicatcd with th¢rn thmughout lockdowns to ¢nsure that they in good healtb, though lon¢liness was an issue. To help with this wc in5tigaicd Chats b¥lw¥¥Li 401untttrs and created a closed group they can join to share stoiies. Some of our less vllLnerable voluntecrs were ablc to rrn to work in thc periodg we were able to op¢n and we really apprlat¢d their contribution. We ll28ed to recrwt four new volunteers this year and we welcome Euan, Kristen, Angela and Arron to th¢ team. Page 2

THE MARGATE CAVES COMMUNITY EDUCATTON TRUST (CIO) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2021 ACHIEVEMENT AND PERFORMANCE Ch*rlt#ble activities Visitors Having to close for 8 months of this year and only opening widei. strict Covid-19 restTiCtions n]eani that only 7,750 people were able to visi¢ th¢ Caves as opposed to the ov¢r 32.000 we re expecting this year. The Communi¢ Café Our community café algo felt ihe effect5, only being able to offer a linyt¢d menu when we wcrc able to opetl using our Outside space As much as possible. None-the-les8 our inventivc Café Mat)Aged was able to off¢r hcr Halloween specials again this year. On 20th D¢cemb¢r we took a sthll to our l(Kal farmers market, selling items that had bccD mad¢ for sal¢ at th¢ Caves along with sausage rolls, mince pic5 and gingerbread. We spoke to over 150 pwple about the Caves. rhc Conyiiuiiit Rooms The community rootnls can be used as one large room or divided into two sJnall¢r rooms. Although many groups were not 2bl¢ to meet this year in a safe way. Porchligh¢ have b¢¢n using the roon 3 days a week for 2 diff¢r¢nt services, providing a safe SPAce for thcir young people and adults in difficulry to meet their case workers Commuiii Activities Prior to closing, in March 2020. thc 7th we held a childrcn's craft weekend io commemorate International Women. Day, focussing on star-ba$¢d crafts to celebrate Margaret Bryans relationship w(th astronomy. Whilst closcd, we provided for th¢ local community by puttin8 together Easter craft kits and delivering them (contactless} to the two social hOustg blocks next to th¢ Caves. Feedback was good alld those who r¢¢¢iv¢d them were very grat¢ful. W¢ provided craft kits that w¢Tht to on¢ of the food banks in the local are2. they then distributed these kits with food parcels to families itl nKd. In September w¢ took p#rt in ihe Heritage Open Day ¢vent. offcring free entry to 65 people a day, tske up v48$ goo Wlth Tnany visi¢ing on lower incom¢&. For October, w¢ d¢cor&ted the Caves for H&llowe¢n and our L&E Managcr organised craft sheets to put onlin¢. Thc team dressed for the oa80n. We decorated our window to bc part of the community pumpkin trail, givitL8 children something to look for on walks as they eould not trick or treat. In half ternj we organised torchlight tours of the Cèves out of hours, these were very well received and book¢d up in Advanc¢. F¢¢dback was positive. Peopl¢ liked that it was Somethi differ¢nt and the priva1¢ element made people f¢¢1 safe. Although closed in Novemb¢r. we dressed our picre window for R¢tnembran¢e Day. Sadly, being moved into Tier 4 in D¢¢ember mvdnt we had i(Tr CAttLel our Santa's Grotto bookings. Some very generous people chose tQ CODV¢rt th¢ir bookings into vouchers for nexÉ year. We were part of the local Rotary Clubs Santa Advent, with Santa visiting the Caves in a Covid secure way which was shared on social m¢dia. Page 3

THE MARGATE CAVES COMMUNITY EDUCATIO1¥ TRUST (CIO) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2021 ACHIEVEMENT AND PERFORMANCE Fundralslng actlvltles W¢ thank everyone who, tiiis y¢ar, hav¢ helped us through this v¢ry diffjcult and challeuging period. Wc were grateful for the fiwlough h¢rne and govemment grants that allow¢d us to support and retain all of ow staff. We thank the National tuttcry Heritage Fund for extending their grant p¢riod to allow for the of the pandemic and for additiond 5pccific Covid support funding. W¢ thank everyone who havc supp)rted our work, however niuch you wcre able to giv¢ us we are extremely grdteful. FINANCIAL REVIEW Resei'ves policy The Charity aim is to hold one yeavs operating costs once the new Centre is open. This we have hi¢v¢d. In this finaD¢ial y¢&r the Charity was succes5fv1 in Securing income of £221,532 durin8 the year lin thc previous year £750,538 was obtained). This Vds Partixlly capital ttds towards the building of the new Margats Centre. £98,642 of the total income was r¢stri¢ted funds12020 £687,430) ut)r&%tricted income making up £122,89012020 £63,108)- Thc Charl$ funds include £7.1M)O of loan financ¢12020 £29,(K)O). FtrruRE PLANS The main priorities for Thc Margate Caves Communiry Education during 2021122- To acliieve. Covid restrictions allowing, visitor numbcrs of 32,000. - To achieve budget larg¢ts for the Centre,. To Continue to develop th¢ charity's community and Icarning programmes developing partnership5 that will help deliver them. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng documont 'rhe charity is nStituted under a Charitable Incorporat¢d Organisation Scheme registered with th¢ Charliy Conltnisbion {Charity numbcr I1554()4). Constitution The Margatc Caves Community Education Trust op¢i'ates as an incorporated charity whosc object is to advance the education of the envirotllncntsl and socsal history of the Margate Caves and thc Islc of Thanct in any majmer which iiow tsr hereafter may be deemed by law to bc charitabl¢. R¢¢rultment and 4PPOiDtment uf new trustee5 The Twst¢¢s are appoll)ted by memb¢r5 in a seneral meeting. Officers and Trnslees rctirc cach year and OITicers Are available for re-election foi up 10 8 consecutive years and Trustees for 6 consecutive years. The number of TrLstecs should not b¢ less than three but there is no upp¢r limil on numbers. The Tntstccs wlio setved during the period, togyether with ally changes UP to the date ar¢ listed on page 5. Trns1$ are recruitcd based on thc skills and experience required for successful governance of the organisation. All Trnstees reccivc o copy of all the chacity policies. th¢ cliarity trust¢¢ Iiandbook and undertake induction (raining se10n at thc charities base in London. OrgAni5atioTral structure Tlie Truslccs mcct as ieqiiired and not iiormally1¢sS than 4 tin)es a year. Thc Trustees took dircct responsibility for the management and director of the charity, as well as govcrnance and strat¢gy. Page 4

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2Q21 STRUCTURE, GOVERf4ANCE AND MANAGEMENT Rtsk management Th¢ Truste¢s have und¢rtak¢n a r¢vi¢w of the major risks to which the charity 18 cxposed. and systems have bcen established io ry]itigat¢ those risks. Peiiodic reviews ar¢ madc to cnsure that the charity continues to identify and mitig2t¢ any major risks that may aris¢. REFERENCE Af4D ADMINISTRATIVE DETAILS Regtstered Ch4rity number 1155904 Principal address The Margate Caves l Northdown Road Matgate Kent CT9 IQH Tru$tet$ S Vickery Chaim]an Mrs J Leandro A Cannon Treasurer Mrs V Kirschner A Smith COMMEP4CEMENT OF ACTtVITTES The Charilics activities comtnellced in Nov¢mber 2013, with the Charitable Ineotporated Oiganisation being fornied in Fcbruary 2014. Approved by rder of the board of trus¢ees on 30 June 2021 and si8n¢d on it$ behalf by: Aca - Trustee Page 5

THE MARGATE CAVFS COMMUNrrY EDUCATION TRUST {CIO) STATEMENT OF FINANCIAL ACTIVJTIES FOR THE YEAR ENDED 28 FEBRUARY 2021 2021 Total fud$ 2020 Total funds Unrestricted nd Re5trirted funds Notes INCOhlE AND ENDOWMENTS FROM Donation5 and legacics 121,500 98,642 220.142 748,6S8 Investment income la90 l J911 1,880 Total 122,890 98.642 221,532 75(Tr,538 EXPENDITURE ON Raislng funds 2,054 1,962 4,016 12,461 Charltable actlvitle8 Devclopment of Community and Education Centrc 33,211 91J80 125J91 129,972 Other 54,530 54,530 52.804 Total 35,265 148,672 183,937 195,237 TrIEI INCOMEI(EXPENDITURE) 87.fj25 {51I,0311) 37.595 555,-301 REC0Tr4CtLIATION OF FUNDS Total funds brought rorw*Td 165966 1,112,172 1,278,138 722,837 TOTAL FUNDS CARRIED FORWARD 2S3,591 1,062,142 1,315,733 1,278,138 Th¢ noteb form part ofthes¢ fInanctal statemellts Pag¢ 6

THE MARGATE CAVES COMTrtUl¥lTY EDUCATION TRUST (CIO) BALANCE SHEET 28 FEBRUARY 2021 2021 Total 2020 Total funds Unrestri¢t¢d nd Restricted funds Notes FIXED ASSETS rangible assets 10 976,070 97A070 1,003.479 CURRENT ASSETS Stocks Debtors Cash at bat)k and in hand 9,730 519 25Oa40 9,7311 2,944 336,863 5,734 1,491 302,555 12 2,425 86,523 260,589 88,948 349537 309,780 CREDITORS Amounts lalling du¢ within one ye&r 13 (6,999) (2075) (9,874) 135,121) NET CURRENT ASSETS 253,590 86,1173 339,663 274,659 TOTAL ASSETS LESS CURRENr LIABILITIES 253,590 1,1162,143 lJ15.733 1,278,138 NET ASSETS 25390 1,062,143 IJ J5,733 1,278.138 FUNDS Unrestri¢ted fund$ Restricted funds 14 253,590 1,062,143 165,9C?6 ,112,172 TOTAL FUNDS lJ15,733 1,278,138 The financial ststuncnts were approved by tb¢ Board of Tntee8 and authoris¢d for i5su¢ on 30 June 2021 and were signed on its behalf by.. Aca . Trustee Th¢ notes fomi part of tbesE finat]oial stst¢ments Page 7

THE MARGATE CAVES COMMUNTTY EDUCATION TRUST (CIO) CASH FLOW sfATEMEpir FOR THE YEAR ENDED 28 FEBRUARY 2(121 2(121 2020 Note5 Cash llowg from operAdng actlvltle5 Cash generated from operatlolls 61,429 613,297 Net cash provided by operating activiti 61,429 613297 Cash fl(tyws from Investing activltles Purchase of tangibl¢ fix¢d a55ets (27,121) (555.209) N¢¢ casb ed in Investing activitics 127,121) (555.209) Change in cash #ftd eash equlvalents In the reportlng period Cash cash equivalents at the beginping of the reportlng period 34J08 58,088 302,555 244.467 CAsh and c4$h equiyalenta at the end of the reporllng p¢rfod 336,863 302,555 The not¢s foTm part of these financial statem¢nts Page 8

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO) OTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2021 RECONCILtATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2021 2020 Net Income for the r¢porllng perlod (48 per the Statement of Fjnanclal Actlvltles) Adjustmellts for.. Depr¢¢iation charges Increa$¢ in stocks {Increase)Idecrea5e in debtors Decreasc in creditOf5 37,595 555.301 54.530 13,996) (1.453) (25,247) 52,804 {5,734) 68,974 (58,048) Net cash provided by operatlons 61.429 613.297 ANALYSIS OF CHANGLS IN NET FUNDS At In0 Cash flow A¢ 2812121 Net eash CasEL at bank and in hand 3112,555 34J08 336,863 302,555 34J08 336.863 Totsl 3112,555 34J118 336,863 ThE notes form part of these financial statements Page 9

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021 ACCOUNTING POLICIES Basls of propArlng thc fJTh8nclg15tatetneThts Thc financial statements of the charity, is a publiL benefit entity under FRS 102, have been prepared in 2ccordanee with the Charitio% SORP {FRS 102) 'A¢counting and Reportinu by Chariti¢s: Statement or Recommended Practice applicablc to charits preparing their accounts in accordance wiih the Finan¢ial Reporting Standard applicable in the UK and Repiiblio Of Ireland {FRS 102) (effcctive l Januaiy 2019}'. Financial Reporting Siandard 102 The Financial Reporting Standard applicable in the UK and Republio of Itelaud, and the Charilies Act 2011. The fin3ncial statements have been prepared urtd¢r the historlcal cost conv¢ntion. Income All income is recognis¢d in the Siatement of Financial A¢tivities once the charity has cntitlemejjt to the funds, it As piob2blc that the income will be received and tl)¢ amount can be measw¢d r¢liably. Expenditure Liabilities arc recognis¢d bs expenditure as soon as thcrc is a legal or constructive obligation committing the charity to that expendire, it is probabl¢ that a transfer of economic ben¢fits will be required in settlem¢nt and the amount of the obligation can bc measured Irliably. Exp¢nditur¢ is accountcd for on an 8ccruals basis and has b¢¢n classified under headings that aggrcgatc all cost related to the category. Whcrc costs cannot be directly attributed io particular headings they have bccn allocated to activities on a basis consistent with the use of resol¢¥. Tgnglble fix assets Depreciation 18 provided at the followAn8 annual rates in oid¢r to wrAte off each asset over its estimated us¢1 lifc. Frcchold propcrty Fixturcs and fittings Computer equipment in accordance with the property 200/0 on cost 330/fy tsn cost StD¢l(s Stocks are valu¢d at the lower of cost and n¢t realisable Wdlue, after making due allowancc for obsolete and slow moving items. The charity is ex¢mpt from on its ciwitabl¢ aotivities. Fund accountlng Unrestrictcd ndS can be used in aeeordanee with the charitable obj¢¢tiV¢s at the discretion olth¢ ttees. Restricted ndS can only be uscd foi. particular rcstricted PUTP05¢S Wlthin (he objects of the charity. Resuictions arise when specifjed by the donor or whcn fi]nds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in thc notes to the financial slatcm¢nts. Hlrc purch45e ADd leaslng commitment5 Rcntals paid wider operating l¢abes ai¢ charged to the Statement of Financial Activities on a straight line basis over the period of the lease. Penslon cost$ and other post-retlremcnt benents The chaiity opcratcs o defincd contribution pension scheme. Contributions pa)vble to th¢ thariiys pension schenic are char8cd to the Statement of Financial Aetivities in the period w which they r¢late. Pagelo continued..-

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO) NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 28 FEBRUARY 21121 DONA TtONS AND LEGACIES 2021 2020 Admissions Donations Shop Cafe Grdnts GovenllMeni grants Misc¢llaneous In¢on 23,153 123 4,332 8,5115 1111261 46,853 26,915 33,276 2,884 6,613 18,456 687,429 220,142 748,658 Grants receive4 included in the above, are as follows.. 2021 2020 Oth¢r grants 110,261 687,429 INVESTMENf INCOME 21121 2020 Community centr¢ lJ90 1,880 IL41SING FUM)S Other tr¥Jdlng *etlvitles 2021 2020 Opening stock Pllrchases C105ing stock 5,734 8,012 (9.730) 18.195 15.7341 4,016 12.461 CIIARITABLE ACTIVIT COSTS Support costs Iscc note 61 Dircct Costs Totals DeloPment of Community and Education Ccntr¢ 121,736 3,655 125,391 Pagell ntinued...

THE MARGATF CAVES COMMUNITY EDUCATION TRUST (CIO) NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 28 FEBRUARY 2021 SUPPORT COSTS Governance costs FihanGe Toials D¢velopm¢nt of Community and Education CentsE 876 2,779 3,655 TRUSTEES. REMUNERATION AND BENEFITS Trustees, expenses There were no truste¢s' ¢xnseS paid for the year endcd 28 Febmary 2021 nor for lh¢ year ended 29 r.cbn]ary 2020. STAFF COSTS 2021 2020 Wages and 5alari¢s Social security ¢OSts Other pension costs 79,443 1,682 1,483 66.648 1,730 1,071 ¥2,0118 69.449 The averag¢ monthly numbcr of en)ployccs during the year w2$ as follows.. 2021 2020 EmployKs No employees received ¢n]olum¢nt¥ excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestricted fi]nd R¢&tricied funds Total funds INCOME AND ENDOWMENTS FROM Donations and l¢gacie5 61228 687,430 748,658 Investm¢nt iOrne 1,880 1,880 Total 63,108 687,430 750,538 EXPENDJTURE O Raising funds 4.403 8,058 12.461 Chxrltable actlvities D¢ve1(1pel of Communily and Education Centre 4,085 125,S87 129.972 Other 52,804 52.804 Total 8.488 186,749 195,237 Page 12 coiilinued...

THE MARGATE CAVES COMMUNfrY EDUCATION TRUST (CIO) NOTES TO THE FINANCLIL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2021 COMPARATIVES FOR THE STATEMEI¥T OF Fll¥ANCIAL ACTIVITIES- contlnued Unrestricted Restricted fund fvnds Total funds NET INCOME 54,620 500,681 555.301 Transfers between funds 33,679 133,679) Net movement In funds 88,299 467,002 555.301 RECONCILIATION OF FUNDS T•tAI fuDd5 brought forward 77,667 645,170 722,837 TOT AL FUNDS CARRIED FORWARD 165,966 ,112,172 1,278,138 TANGIBL FIXED ASSETS Fixtur Frcchold propety Compuler equipm¢nt fittings To¢als COST At l March 2020 Additions 1,003,244 23,625 50,088 3,496 2,951 1,056,283 27,121 At 28 Febrnary 2021 1,026,869 53.584 2,951 1,083,4D4 DEPRECIATION At l March 2020 Charge for year 41,802 42,829 10,018 10,717 984 984 52,804 54,530 At 28 Febwary 2021 84,631 20,735 1,968 107,334 NET BOOK VALUE AL 28 Febnw 2021 942,238 32,849 983 976,0711 At 29 Febn 2020 961,442 40.070 1.967 1,(103,479 The building will be depreciated in line with the remaining lease life of 24 years from 2019. Page 13 continued...

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO) NOTES TO THE FINATrICIAL STATEMENTS . continued FOR THE YEAR ENDED 28 FEBRUARY 2021 ij. STOCKS 2021 2020 Stocks 9,730 5,734 12. DEBTORS: AMOUNTS FALLING DUE WITHI]Y ONE YEAR 2021 2020 VAT Prepayments 699 2,245 1,491 2,944 1,491 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 other creditors 9,874 35,121 MOVEMEI NT IN fiUNDS Ner movement in fijnd. Tiansfers b¢twcen fiin(Ls At 21112121 Ai.Inn() Unrestrleted funds General fund 165,966 87,624 253,590 Restrlcted funds Kent County Coun¢il Members Grant Heritage Lottery Fund Garfield Weston Fund Roger Dc Haan Kent Community Fund Loan Building Fund IIF Covid Fund 10.000 112,124 16,605 4,000 8,000 961,443 iu,000 86,808 13,626 3,000 6,000 942,239 470 (1,691) (2979) IJ,OOD) (2,000) (4Z,829) 470 (23,625) 23,625 1,112,172 (50,(129) 1,062,143 TOTAL FUNDS 1,278,138 37,595 1,315,733 Page 14 continued...

THE MARGATE CAVES COMMUNrrY EDUCATION TRUST (CIO) NOTES TO THE FINANCIAL STATEMENTS- coDtinned FOR THE YEAR ENDED 28 FEBRUARV 2021 14. MOVEMENT IN Fuls- continued Net movement in fijnds, included irt the above ar¢ as follows.. Incorning resources Resouw¢s expended Mov¢m¢nt in funds Unrestrlcted funds General fid 122,890 (35,266) 87,624 Restrleted funds Heritage LDttcry Fund Garfield Weston Fund Roger De Haan Kent Community Fund Loan Building Fund HF Covid Fulld 89,842 (91,533) (2,979) (1,000) (2,1)00) {4Z,¥29) (8J30) (1,691) 12,979) 11,000) 12,000) (42,829) 470 8.800 98,642 1148,671) SO,U29) TOTAL FUNDS 221,532 1183,937) 37595 Compar*tlves for movement In funds N¢t movement in funds TransfEr& between d5 At 2912120 At 113119 Unre5trlcted funds Gcneral fid 77.667 54,620 33,679 165,966 Restrlcted funds Kent County Council Members Grant Big Lottery Fund Herilage Lott¢ry Fund Garfield Weston Fund Rog¢r D¢ Haan Kent Comniunity Fund Loan Building Fund TNsthouse Foundation B¢nutrd Sunl¢y Fund 10,000 77,735 343,226 (2.979) (1.000) 8,000 141,8021 95,501 12,000 10,000 3,197 113,664 22,235 5,0 (80,9321 (344,7661 12,6511 112,124 16,605 4.000 8,000 961,443 501,074 502,171 (95,501) (12,000) 645.170 5no,681 (33,679) TOTAL FUNDS 722,R37 555.301 ,278.138 Page 15 continued...

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO) NOTES TO THE F1Tr4ANCIAL STATEMENTS- contithed FOR THE YEAR ENDED 28 FEBRUARY 2021 14. MOVEMEwf IN FUNDS- continued Comparativ¢ net movement in nds, included in th¢ abov¢ ar¢ as folloThE'. Incorning resources Resources expeiid¢d Movement fiwds Unrestricted funds Gwcral fi]nd 63,108 {8.488) 54,620 Restricted funds Ket]t Cow)ty Council Metnbers Grwit BI Lottery Fund Heritsge Lottery Fund Garfield Wesron Fund Roger De Haan Kent Communily Fund Loan Building Fund Tnjsthouse Foundation Bernard Sun1 Fwjd 10.000 77,735 482.194 i o.(J 77.735 343,226 12,9791 (i.000} 8,000 (41.Y(121 95,501 12.000 {138,9681 12,9791 11,0001 12,0001 (41,802} 10,000 95,501 12,000 687,430 I I S6.7491 500.(?1¢1 TOTAL FUNDS 750,538 1195,237) 555.301 A ¢urrent year 12 months 2nd prior year 12 n)oiiths combined position is as follows.. Nel Transfers between funds moYemEnt in funds At 2812121 At 113119 Unrestricted funds General filljd 77.667 142,244 33,679 253,590 R¢5tricted funds Kent County Council Member5 Grant Bi8 Lottery Fund Heritage Lottery Fund fjarfield Weston Fund Rogcr Dc Haan Ket)i Community Fund Loan Building Fund Trnsthouse Foundation Bernard Sunley Fund HF Covid Fund 10,ono 77,735 341.535 (5.958) (2,000) 6.000 (84,631) 95,501 12,000 470 10,000 3,197 113.664 22,235 5,000 180,9321 1368,3911 12.6511 86,808 13,626 3,000 6,00 942,239 501,074 525,796 (95,501) 112,000) 470 645,170 450.652 {33,679) 1,062,143 TOTAL FUTr4DS 722,837 592,896 1,315,733 PabTe 16 coiitinucd...

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO) NOTES TO THE FINANCTAL STATEMENTS- eontillued FOR THE YEAR ELYDED 28 FEBRUARY 2021 14. MOVEMENT IN FUNDS- continued A current ycar 12 months and prior year 12 months combined net movem¢tl¢ in nds, included in the above are as follows: IncomiDg resources Resources expended Movement in fvnds Ullrestrl¢ted funds General fund 185,998 143.754) 142244 Re5tr&cted funds Kent County Council Members Grant Big tA)ttery Fund Heritage Lottery Fund Garfield Weston Fund Rogcr De Haan Kent Community Fund Loan Building Fund Trusthouse Foundtttion Bernard Sulll¢y Fund HF Covid Fund 10,000 77,735 572,036 10,000 77,735 341335 15.958) 12,000) 6,000 184,(1311 95,501 12,000 470 1230,501) (5.958) (2,000) (4,000) (84,631) 10,000 95,501 12,000 8,XOO {11,330) 786.072 1335,420) 450,652 TOTAL FUNDS 972,070 1379,174) 599.896 15. RELATED PARTY DISCLOSURES Thcrc were no relatcd party transactions for the yur ¢nded 28 February 2021. 16. DESCRIPTION OF FUNDS KENT COUNTY COUNCIL MEMBERS GRANT This grant was awarded to assist with the development th¢ Margate Caves Ccntre. BIG LOTfERY FUND This grdnt ts a eorttribution towards the dcvelopm¢nt of th¢ Margatc Caves Centre. HERITAGE LorrERY FUND This grdnt is a contribution towards the developrnent of the Margat¢ Caves Centre. GARJELD WESTON FUND This grant is a Contribution towards the inierprethtion and d¢v¢lopm¢nt of learning matsrial for the new bllLId. Cash fiuwls of £17,874 were spent oil l May 2019 foi. an asset with the pllrpose of developing the new build. The fiwd balance repoit¢d per the accounts is the asset valuc and thcse funds will depreciated over the uscful life of the asset. ROGERDE HAAN FUND Thi$ grant Wds awarded for the int¢rprctation of the new biuld. Page 17 ntinu¢d...

THE MARGATE CAVES COMMUNITY KDUCATION TRUST (CIO) NOTES TO THE FINANCJAL STATEMENTS- eontinued FOR THE YEAR ENDED 28 FEBRUARY 202] io. DESCRIPTION OF FUNDS- eontlnued Cash funds of £1,062 and £3,938 were sp¢nt on 28 June 2019 aiid 27 August 2019, r¢spectively. Thc fund balance reported p¢r the ae¢ounts is the asset value and these funds will be depieciated over thc useful lifc of the asset. BUILDtNG FUND The building fvnd rclatcs to the propcrty l Northdown Road. KENT COMMUNITY FOUNDATION FUND Thi5 grant was a contribution towards thc fltiing out of the Community Rooms. Cash [Ld5 of £10,000 were sp¢nt on 27 August 2019 towards the fitting out of th¢ Conthiuniry Rooms. Thc fund balance r¢por¢¢d per the aecoLmrs is the ass¢t value and these fimds will be depreciated over the weful life of the ass¢t. TRUSTHOUSE CHARITABLE FOUNDATION FLfND This grant is a contriblon towards th¢ building of the new Community and Visitor Cenire and the r¢rbIshmcrtt of the now build, HERITAGE COVtD FUND This grant was awarded for the assistan¢¢ of associtited costs required in order lo operat¢ througb restrictions applied through Coronavirns. 17. CHARGES TO PROPERTY There are restrictions on the property l Northdown Road as SCL out by the Hcritsge Lottery Fund and Big Lottery Fund, th¢ fvnd¢rs of the projecL stating the charsty DIU5t keep exclusive control ovcr it. The property must not bc sold, let or otherwis¢ parted with or any interest in it, or aThy rights given over to anyonc clse without approval beforehand. If approval is given for the sale orth¢ propety. a pi'otrf)rtion of the sales pri¢¢ is repayable. Th¢ properry must be maintained in good repair and condition and must be inswed as set out by the fiderS guidance. Page 18

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO) DETAILED STATEMENT OF FINANCIAL AcfIviTTES FOR THE YEAR ENDED 28 FEBRUARV 2021 2021 2020 INCOME AND ENDOWMENTS Donatlons and legaeles Admissions Donati(ms Shop Caf¢ Grants Government grants Mis¢¢llaneous Ineome 23,153 123 4,332 8.5115 110,201 46,853 26.915 33,276 2,884 6,613 18,456 687.429 220,142 748,658 Investment in¢ome Community centre 1,3911 1,880 Totsl Ihcomlng resources 221.532 750,538 EXPENDITURE Other tr*ding aettvltles Opening stock Shop expcnses Cafe expens¢s Closing stock 5,734 3,472 4.540 (Sl,730> 8,539 9,656 {5,734) 4,010 12.461 Charltable lldlvltles Wages Social wurity Pensions R¢pairs & rcnewa15 Computer expcnses Insurance Light and heal Telephone Printing. postag¢ & stationery Adv¢rtising and mark¢ting Cleatiillg & waste disposal Project management Architect fees Surveyors fces Othcr consultancy fees Miscellancous expcns¢s New staff Training Costs. Carried f(Frward 79,443 1,682 1,483 4.1311 881J 3,1197 959 2,412 129 9.287 2,010 9,61111 1,059 66,648 1,730 1.071 6,070 745 5,146 2,186 216 3,056 7,030 13.516 6,384 4,438 1,480 1,212 920 1,496 123,344 325 424 116,9211 This page does not form part of the statutory financial statements Page 19

ThE MARGATE CAVES COMMUNrrY EDUCATION TRUST (CIO) DETAILED STATEMENT OF FINANCIAL AcfIvITiES FOR THE YEAR ENDED 28 FEBRUARY 2021 2021 2020 Ch4Tll4ble 4¢dvldes B Tought fonvdrd Activity costs Fundraising costs 116,920 4,816 123,344 1,622 1249 121,736 126,215 Other Freehold property Fixtures and fittings Comput¢r ¢quipment 42,829 10,717 984 41.802 10,018 984 54A30 52,804 Support Costs M*nggement Travel 120 FiD3nce Bank charges 876 473 Governance costs Accountancy and1¢8al fees 2,779 3.164 Total resources expend¢d 183,937 195,237 Net Incomc 37,595 555,301 This page does not form part of the $tabJtory financial siatem¢nts Page 20