2023-02-28-accounts - The Margate Caves Community Education Trust

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			Page
Report ofthe Trustees		1	to	7
Independent Examiner's	Report
Statement ofFinancial Activities
Balance Sheet			10
Cash Flow Statement
Notes to the Cash Flow	Statement		12
Notes to the Financial Statements		13	to	21
Detailed Statement ofFinancial Activities		22	to	23

-Porchlight
—Migrateful
—You Can Dance
—Power ofWomen		Festival Thanet
-Home education		groups
—Oasis
—Beyond the Page
—Margate CIC	Food bank
—Music for Wellbeing
-Hertfordshire	University
-Go Create
- Charlton Athletic		Community	Trust with National	Citizens Service
—KCV
—Queer Writers	Margate
—Margate Pride
-U3A
-SEK

			FORTHE	YEAR EN	DED 28FEBRU	ARY 2023
							2023	2022
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
				Notes
INCOME	AND ENDOWMENTS FROM
Donations	and legacies				138,405	41,900	180,305	156,629
Investment	income				7,970		7,970	17,461
Total					146,375	41,900	188,275	174,090
EXPENDITURE ON
Raising funds					25,033		25,033	22,900
Charitable	activities
Development ofCommunity			and Education
Centre					153,953	14,333	168,286	143,229
Other						53,546	53,546	54,530
Total					178,986	67,879	246,865	220,659
NET INCOME/(EXPENDITURE)					(32,611)	(25,979)	(58,590)	(46,569)
RECONCILIATION		OF	FUNDS
Total funds	brought forward				345,093	924,071	1,269,164	1,315,733
TOTAL FUNDS CARRIED FORWARD					312,482	898,092	1,210,574	1,269,164

				2023	2022
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	E
FIXEDASSETS
Tangible assets	10		867,996	867,996	921,542
CURRENT ASSETS
Stocks	11	8,502		8,502	7,730
Debtors	12	2,151	101	2,252	2,528
Cash at bank and in hand		305,721	31,564	337,285	342,000
		316,374	31,665	348,039	352,258
CREDITORS
Amounts falling due within one year	13	(3,892)	(1,569)	(5,461)	(4,636)
NET CURRENT ASSETS		312,482	30,096	342,578	347,622
TOTAL ASSETSLESSCURRENT
LIABILITIES		312,482	898,092	1,210,574	1,269,164
NET ASSETS		312,482	898,092	1,210,574	1,269,164
FUNDS	14
Unrestricted funds				312,482	345,093
Restricted funds				898,092	924,071
TOTAL FUNDS				1,210,574	1,269,164

		FOR	T	HE YEAR ENDED	28FEBRUARY 2023
					2023	2022
				Notes
Cash flows from operating	activities
Cash generated from operations					(5,829)	4,520
Net cash (used in)/provided	by	operating		activities	(5,829)	4,520
Cash flows from investing	activities
Interest received					1,114	617
Net cash provided by investing		activities			1,114	617
Change in cash and cash equivalents			in
the reporting period					(4,715)	5,137
Cash and cash equivalents	at	the
beginning ofthe reporting	period				342,000	336,863
Cash and cash equivalents	at	the end	of
the reporting period					337,285	342,000

RECONCILIATION OFN ACTIVITIES	ET E	XPENDITURE TO NET CASH FLOW	FROM OPERATIN	G
			2023	2022
Net expenditure for the reporting		period (as per the Statement of
Financial Activities)			(58,590)	(46,569)
Adjustments for:
Depreciation charges			53,546	54,528
Interest received			(1,114)	(617)
(Increase)/decrease in stocks			(772)	2,000
Decrease in debtors			377	416
Increase/(decrease) in creditors			724	(5,238)
Net cash (used in)/provided	by operations		(5,829)	4,520

	At I/3/22	Cash flow	At 28/2/23
Net cash
Cash at bank and in hand	342,000	(4,715)	337,285
	342,000	(4,715)	337,285
Total	342,000	(4,715)	337,285

2.	DONATION	S	AND LE	GACIES
					2023	2022
	Admissions				67,177	63,698
	Donations				1,333	287
	Shop				21,251	14,526
	Cafe				32,670	28,670
	Grants				41,900	28,086
	Government	grants				21,362
	Events				15,866
	Activities				108
					180,305	156,629
	Grants received,		included	in the above, are as follows:
					2023	2022
	Other grants				41,900	28,086
3.	INVESTMENT INCOME
					2023	2022
	Community	centre			6,856	16,844
	Deposit account		interest		1,114	617
					7,970	17,461
4.	RAISING FUNDS
	Other trading		activities
					2023	2022
	Opening stock				7,730	9,730
	Purchases				25,805	20,900
	Closing stock				(8,502)	(7,730)
					25,033	22,900

						Support
					Direct	costs (see
					Costs	note 6)	Totals
	Development	ofCommunity	and
	Education Centre				161,963	6,323	168,286
6.	SUPPORT COSTS
						Governance
					Finance	costs	Totals
	Development	ofCommunity	and Education
	Centre				2,535	3,7SS	6,323
7.	TRUSTEES'	REMUNERATION		AND BENEFITS

There were no	trustees'	trustees'	paid	for the	year	ended	28 February	2023 nor for the	year ended
28 February 2022.
STAFF COSTS
								2023	2022
Wages and salaries								97,923	91,113
Social security costs								987	1,823
Other pension costs								1,306	1,542
								100,216	94,478
The average monthly		number ofemployees		during the year		was as	follows:
								2023	2022
Employees									6
No employees received emoluments			in excess of260,000.
COMPARATIVES		FORTHE STATEMENT OF			FINANCIAL		ACTIVITIES
							Unrestricted	Restricted	Total
							funds	funds	funds
INCOME AND ENDOWMENTS			FROM
Donations and legacies							145,599	11,030	156,629
Investment income							17,461		17,461
Total							163,060	11,030	174,090
EXPENDITURE	ON
Raising funds							22,759	141	22,900

	FOR THE YEAR E	FOR THE YEAR E	FOR THE YEAR E	NDED 28FEBRU	ARY 2023	ARY 2023
	COMPARATIVES FOR THE STATEMENT			OFFINANCIAL	ACTIVITIES - continued
					Unrestricted	Restricted	Total
					funds	funds	fimds
	Charitable activities
	Development ofCommunity		and Education
	Centre				48,798	94,431	143,229
	Other					54,530	54,530
	Total				71,557	149,102	220,659
	NET INCOME/(EXPENDITURE)				91,503	(138,072)	(46,569)
	RECONCILIATION	OF FUNDS
	Total funds brought forward				253,590	1,062,143	1,315,733
	TOTAL FUNDS CARRIED FORWARD				345,093	924,071	1,269,164
10.	TANGIBLE FIXED	ASSETS
					Fixtures
				Freehold	and	Computer
				property	fittings	equipment	Totals
	COST
	At 1 March 2022 and	28 February 2023		1&026&869	53,584	2,951	1,083,404
	DEPRECIATION
	At 1 March 2022			127,460	31,451	2,951	161,862
	Charge for year			42,829	10,717		53,546
	At 28 February 2023			170,289	42,168	2,951	215,408
	NET BOOK VALUE
	At 28 February 2023			856,580	11,416		867,996
	At 28 February 2022			899,409	22,133		921,542

11.	STOCKS
					2023	2022
	Stocks				8,502	7,730
12.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
					2023	2022
	VAT				101
	Prepayments				2,151	2,528
					2,252	2,528
13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
					2023	2022
	Trade creditors					1,440
	Taxation and social security				1,450	337
	Other creditors				4,011	2,859
					5,461	4,636
14.	MOVEMENT IN FUNDS
					Net
					movement	At
			At	1/3/22	in funds	28/2/23
	Unrestricted funds
	General fund		285,093		(32,611)	252,482
	Capital Works Fund		60,000			60,000
			345,093		(32,611)	312,482
	Restricted funds
	Heritage Lottery	Fund		9,822	24,448	34,270
	Garfield Weston	Fund		8,486	(5,507)	2,979
	Roger De Haan			2,000	(1,000)	1,000
	Kent Community	Fund Loan		4,000	(2,000)	2,000
	Building Fund		899,410		(41,802)	857,608
	HF Covid Fund			353	(118)	235
			924,071		(25,979)	898,092
	TOTAL FUNDS		1,269,164		(58,590)	1,210,574

			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted funds
General fund			146,375	(178,986)	(32,611)
Restricted funds
Heritage Lottery	Fund		41,900	(17,452)	24,448
Garfield Weston	Fund			(5,507)	(5,507)
Roger De Haan				(1,000)	(1,000)
Kent Community	Fund Loan			(2,000)	(2,000)
Building Fund				(41,802)	(41,802)
HF Covid Fund				(118)	(118)
			41,900	(67,879)	(25,979)
TOTAL FUNDS			188,275	(246,865)	(58,590)
Comparatives for movement		in funds

				Net	Transfers
				movement	between	At
			At 1/3/21	in funds	funds	28/2/22
Unrestricted funds
General fund			253,590	91,503	(60,000)	285,093
Capital Works Fund					60,000	60,000
			253,590	91,503		345,093
Restricted funds
Kent County Council Members		Grant	10,000	(10,000)
Heritage Lottery	Fund		86,808	(76,986)		9,822
Garfield Weston	Fund		13,626	(5,140)		8,486
Roger De Haan			3,000	(1,000)		2,000
Kent Community	Fund Loan		6,000	(2,000)		4,000
Building Fund			942,239	(42,829)		899,410
HF Covid Fund			470	(117)		353
TOTAL~S			1,062,143 1,315,733	(138,072) (46,569)		924,071 1,269,164

			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted funds
General fund			163,060	(71,557)	91,503
Restricted funds
Kent County Council Members		Grant		(10,000)	(10,000)
Heritage Lottery	Fund		11,029	(88,015)	(76,986)
Garfield Weston	Fund			(5,140)	(5,140)
Roger De Haan				(1,000)	(1,000)
Kent Community	Fund Loan			(2,000)	(2,000)
Building Fund				(42,829)	(42,829)
HF Covid Fund				(118)	(117)
			11,030	(149,102)	(138,072)
TOTAL FUNDS			174,090	(220,659)	(46,569)

				Net	Transfers
				movement	between	At
			At 1/3/21	in funds	funds	28/2/23
Unrestricted funds
General fund			253,590	58,892	(60,000)	252,482
Capital Works Fund					60,000	60,000
			253,590	58,892		312,482
Restricted funds
Kent County Council Members		Grant	10,000	(10,000)
Heritage Lottery	Fund		86,808	(52,538)		34,270
Garfield Weston	Fund		13,626	(10,647)		2,979
Roger De Haan			3,000	(2,000)		1,000
Kent Community	Fund Loan		6,000	(4,000)		2,000
Building Fund			942,239	(84,631)		857,608
HF Covid Fund			470	(235)		235
			1,062,143	(164,051)		898,092
TOTAL~S			1,315,733	(105,159)		1,210,574

			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted funds
General fiind			309,435	(250,543)	58,892
Restricted funds
Kent County Council Members		Grant		(10,000)	(10,000)
Heritage Lottery	Fund		52,929	(105,467)	(52,538)
Garfield Weston	Fund			(10,647)	(10,647)
Roger De Haan				(2,000)	(2,000)
Kent Community	Fund Loan			(4,000)	(4,000)
Building Fund				(84,631)	(84,631)
HF Covid Fund				(236)	(235)
			52,930	(216,981)	(164,051)
TOTAL FUNDS			362,365	(467,524)	(105,159)

			2023	2022
INCOME AND ENDOWMENTS
Donations and	legacies
Admissions			67,177	63,698
Donations			1333	287
Shop			21,251	14,526
Cafe			32,670	28,670
Grants			41,900	28,086
Government grants				21,362
Events			15,866
Activities			108
			180,305	156,629
Investment income
Community centre			6,856	16,844
Deposit account	interest		1,114	617
			7,970	17,461
Total incoming	resources		188,275	174,090
EXPENDITURE
Other trading	activities
Opening stock			7,730	9,730
Shop expenses			12,765	11,408
Cafe expenses			13,040	9,492
Closing stock			(8,502)	(7,730)
			25,033	22,900
Charitable activities
Wages			97,923	91,113
Social security			987	1,823
Pensions			1,306	1,542
Repairs &renewals			23,090	4,672
Computer expenses			981	426
Insurance			6,281	5,669
Light and heat			5,425	3,060
Telephone			971	967
Printing, postage &stationery			1,243	283
Advertising and	marketing		2 733	6,036
Cleaning &waste disposal			2,040	1,971
Project management			8,348	8,800
Surveyors fees				1,200
Other consultancy		fees	490
Carried forward			151,818	127,562

	FOR THE YEAR ENDE	D 28FEBRUARY 2023
		2023	2022
Charitable activities
Brought forward		151,818	127,562
Miscellaneous	expenses	1,268	378
Training costs		507	221
Activity costs		1,681	1,158
Fundraising costs		2,595	4,143
Event expenses		892
Volunteer expenses		3,202	926
		161,963	134,388
Other
Freehold property		42,829	42,829
Fixtures and fittings		10,717	10,717
Computer equipment			984
		53,546	54,530
Support costs
Management
Travel and subsistence			87
Finance
Bank charges		2,535	1,604
Loan charges			4,000
		2,535	5,604
Governance	costs
Accountancy	and legal fees	3,788	3,150
Total resources	expended	246,865	220,659
Net expenditure		(58,590)	(46,569)