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|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|
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|-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|||||
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||||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|
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|||||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|
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|||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|
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|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|
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||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|
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|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|
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|||||||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'|expenses|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|
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||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|
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|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|
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||||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|
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||||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|
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||||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)|
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||||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|
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||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)|