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
.
**----- Start of picture text -----**
Community Rooms
**----- End of picture text -----**
## **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 St*ten)enl
Notes to the CA8h Flow Statement
Notes to the Fln*tsd*l Statements
10 to 18
DetAlled Statement of Fin*ncl*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
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 St*ten)enl
Notes to the CA8h Flow Statement
Notes to the Fln*tsd*l Statements
10 to 18
DetAlled Statement of Fin*ncl*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