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2025-02-28-accounts

Docusign Envelope ID: E5771930-DB53-4341-BB1A-1A94CCD316A5

REGISTERED CHARITY NUMBER: 1155904

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO)

Spurling Cannon Chartered Certified Accountants 424 Margate Road Westwood Ramsgate Kent CT12 6SJ

Docusign Envelope ID: E5771930-DB53-4341-BB1A-1A94CCD316A5

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO)

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Cash Flow Statement 10
Notes to the Cash Flow Statement 11
Notes to the Financial Statements 12 to 20
Detailed Statement of Financial Activities 21 to 22

Docusign Envelope ID: E5771930-DB53-4341-BB1A-1A94CCD316A5

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025

The trustees present their report with the financial statements of the charity for the year ended 28 February 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

The trustees present their report with the financial statements of the charity for the year ended 28 February 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

This year saw work continue on the Thanet Heritage Volunteer Hub project, funded by the Heritage Lottery Fund, a project that aims to rebuild and improve the volunteer base in this important industry, attracting a greater number and diversity of well trained and supported volunteers, while creating employment opportunities that will also strengthen the paid workforce. Many heritage sites locally rely on volunteers, and are benefitting from input on policies and procedures, and assistance with training - more news on our progress below. We were fortunate to receive additional project funding from UKSPF, allowing us to extend the end date of the project and engage with more organisations. The trustees would like to thank those who sit on the Steering Group, and our partner organisations, for their support.

Our visitor numbers to the Caves continued with steady growth this year, as we build awareness of our fabulous site. Our community rooms are well used by groups and organisations from near and far, as detailed below, and we're so proud of our staff and volunteer team in their efforts to support each other and our local community.

So, on behalf of the Trustees, I would, as ever, like to thank the team for their commitment and dedication. We're looking forward to welcoming more visitors to see our fascinating Caves, visit our café and enjoy our events in the coming year.

OBJECTIVES AND ACTIVITIES

Objectives and aims

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 learning and education that support the local community in tackling disadvantage.

We aim to achieve this by working to developing the Margate Caves site for public benefit, whilst delivering our programme of education and learning.

We strive 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.

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 that, now or hereafter, may be deemed by law to be charitable.

Significant activities

The relevant powers granted by the constitution to achieve the charity's objectives are:

Page 1

Docusign Envelope ID: E5771930-DB53-4341-BB1A-1A94CCD316A5

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025

OBJECTIVES AND ACTIVITIES

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.

Volunteers

We saw an increase in volunteer activity this year, with 50 volunteers giving us their time and support. Volunteers gave an incredible 5465 hours over the last twelve months, making a significant contribution to our ability to operate and provide an excellent visitor experience. As always, we thank them sincerely.

Our volunteers contribute across all the roles within the Centre, ranging from Caves Guides to Pirates to Father Christmas to Gardeners to Maintenance Workers and Cafe Assistants, and travel off site to give talks to local groups - we believe there's nothing our volunteers can't do! We have monthly briefings to keep volunteers up to date with what is going on, as well as training sessions through our quieter months. All new volunteers are buddied with an experienced volunteer and have an induction programme.

We value our volunteers and do our best to support them in not only enjoying their time with us but in achieving their ambitions and aspirations, whether that is simply to meet people or build their skills and experience in order to gain employment. After one of our volunteers secured a full time job, she made the decision to carry on volunteering with us for one day a month - we're so appreciative of this kind of long-term support.

Many of our volunteers identify as having conditions under the neurodiverse spectrum, and a third of our volunteers consider themselves disabled in some way. We again worked with a local college and a local supported living place to support some volunteers with severe additional needs gain work familiarisation.

Recognising that loneliness continues to be an issue for some of our volunteers, we continued our informal evening volunteer socials, including a thank you event with bingo in May.

The ongoing effect the Cost of Living crisis has on our volunteers necessitates action, so we again offered a warm space during the winter months, as well as having warming healthy meals available to those who needed them. As always, we gifted each volunteer a Tesco voucher in the lead up to Christmas and we continued to stock with toiletries, food and laundry tablets the anonymous box for volunteers to help themselves to free of charge. We have also supported some volunteers with access to local food bank and social shop services.

Page 2

Docusign Envelope ID: E5771930-DB53-4341-BB1A-1A94CCD316A5

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025

ACHIEVEMENTS AND PERFORMANCE Charitable activities

Visitors

We welcomed 28055 visitors to the Caves this year, and we're happy to report that our feedback on sites such as Trip Advisor and Google remains excellent, with visitors often name checking and thanking our volunteer guides.

We once again participated in the Heritage Open Days event in September, with 26 free tickets being claimed.

We continue to support our colleagues at Visit Thanet and Visit Britain by hosting press and influencer visits and we thank our local tourism colleagues for their support.

The Community Café

Our community café once again regained its 5-star Food Hygiene status this year, and has continued to provide healthy, low-cost menus. Our café team cater for on-site events and meetings too, which this year included: a range of children's birthday parties; a U3A coffee morning; and a Thanet District Council training day

The café's pay-it-forward scheme continues; visitors can pay for a slip, the cost of which is equivalent to a hot drink. These then go on the board and can be used by anyone who needs a hot drink. We have seen uptake in this from service users of some of the hires in our community rooms, as well as some locals.

The Community Rooms

As well as using the community rooms for education and events they have been hired by the following users, among others:

The rooms have also been hired by individuals in the community to host birthday parties, christenings, social gatherings and hen do's.

Learning and Education

With our learning materials to hand, we hosted 9 school visits this year. We also welcomed 4 uniform groups for out-of-hours visits, 3 universities and a range of other groups.

We look to make all of our school holiday activities educational for children. Our themes this year included: flower fairies, storytelling and the local coastline. For our Summer Captain's Cat trail, we took inspiration from the kittens born in the community rooms after a stray cat went into labour on the front steps! We also rescued an injured seagull that same day, with volunteers taking them off to a rescue centre in Whitstable, while the Thanet Animal Group (TAG) helped us with our new cat family, which one of our trustees then fostered for 8 weeks. We named the family Margaret, Frank and Iris after some of our favourite Caves icons.

Page 3

Docusign Envelope ID: E5771930-DB53-4341-BB1A-1A94CCD316A5

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025

Meanwhile, our Messy Mondays craft activities involved 286 children across all of the school holidays.

Members of our team were often out and about taking information about the Caves into the community. We again heritage events at Ramsgate Tunnels and our team gave talks to the Pilgrims' Hospice.

Fundraising activities

Our main fundraising event continues to be Father Christmas at the Caves.

Santa was in residence in the Caves for 11 days over weekends and then for the week running up until 23rd December. The event attracted 1067 excited children plus their families and was really well received. We're planning year round for annual improvements to this event to keep our customers returning to us, in what can be quite a crowded market. We are excited to have been given permission to theme our event next year on JM Barrie's Peter Pan.

Our Margate Flea continues to thrive with events on 15 & 16 June 24, and 22 & 23 March 25. Each vintage market has attracted repeat attendance from loyal stallholders, plus new sellers every time, with consistent praise for our Community Rooms and the Flea team. Our volunteers have established a separate social media presence for the Flea, which is gaining traction. We generally see a considerable uplift in Caves visitors on these weekends, and the café takings increase too.

Sincere thanks everyone who has supported our work.

Thanet Heritage Volunteer Hub

This year saw the production of the Hub's Heritage Toolkit, available to all partners via the project's shared website hub. Its aim is to comprehensively support the management and development of volunteers. The Toolkit supports best practice in volunteer management and provides partners with easy-to-use templates, sample policies and information sheets in all aspects of volunteer recruitment and retention.

Subjects covered include: volunteer recruitment templates, DBS and reference check information, etc; retaining and recognising volunteers; safeguarding; EDI monitoring; health and safety policy templates; and many more.

Looking to extend the benefit of the Hub, the Trust secured UKSPF funding of £25,000 in October 2024. This allowed us to introduce new partners to the Hub and extend the end date of the project to Spring 2025. With the establishment of UKSPF funds new partner sites were approached with the Ramsgate Tunnels, Spitfire & Hurricane Memorial Museum and Drapers Windmill Trust engaging and benefitting from activities.

Training provided to volunteers in this year included accredited First Aid, leadership, and pre-volunteer courses design to prepare potential volunteers for their new roles. We also organised Equality, Diversity and Inclusion training and hosted monthly Jobs Fairs at the Caves through Spring/Summer.

Page 4

Docusign Envelope ID: E5771930-DB53-4341-BB1A-1A94CCD316A5

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025

FUTURE PLANS

The main priorities for The Margate Caves Community Education Trust during 2025/26:

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is constituted under a Charitable Incorporated Organisation Scheme registered with the Charity Commission (Charity number 1155904).

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.

Recruitment and appointment of new trustees

The Trustees are appointed by members in a general meeting. Officers and Trustees retire each year and Officers are available for re-election for up to 8 consecutive years and Trustees for 6 consecutive years. The number of Trustees should not be less than three but there is no upper limit on numbers.

The Trustees who served during the period, together with any changes up to the date are listed on page 5.

Trustees are recruited based on the skills and experience required for successful governance of the organisation. All Trustees receive a copy of all the charity policies, the charity trustee handbook and undertake an induction training session.

Organisational structure

The Trustees meet as required and not normally less than 4 times a year. The Trustees took direct responsibility for the management and director of the charity, as well as governance and strategy.

Risk management

The Trustees have undertaken a review of the major risks to which the charity is exposed, and systems have been established to mitigate those risks. Periodic reviews are made to ensure that the charity continues to identify and mitigate any major risks that may arise.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1155904

Page 5

Docusign Envelope ID: E5771930-DB53-4341-BB1A-1A94CCD316A5

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025

Principal address

The Margate Caves 1 Northdown Road Margate Kent CT9 1QH

Trustees

S Vickery Chairman A Cannon Treasurer Mrs V Kirschner A Smith (resigned 29/7/2025) K McChesney (appointed 15/5/2024)

Independent Examiner

Sophie Grant Spurling Cannon Chartered Certified Accountants 424 Margate Road Westwood Ramsgate Kent CT12 6SJ

COMMENCEMENT OF ACTIVITIES

The Charities activities commenced in November 2013, with the Charitable Incorporated Organisation being formed in February 2014.

TREASURER'S REPORT AND ACCOUNTS

Financial Review

The Statement of Financial Activities shows a net deficit for the year of £73,942. The charity’s reserves total £1,051,781 of which £773,983 are restricted funds and £60,000 are designated for the refurbishment of our gardens and the land at the back of the building.

Future Developments

Our key objectives for next year are detailed within the "Objects and Activities" page of this report.

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

19 December 2025

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ A Cannon - Trustee

Page 6

Docusign Envelope ID: E5771930-DB53-4341-BB1A-1A94CCD316A5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO)

Independent examiner's report to the trustees of The Margate Caves Community Education Trust (CIO)

I report to the charity trustees on my examination of the accounts of The Margate Caves Community Education Trust (CIO) (the Trust) for the year ended 28 February 2025.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Sophie Grant The Association of Chartered Certified Accountants

Spurling Cannon Chartered Certified Accountants 424 Margate Road Westwood Ramsgate Kent CT12 6SJ 02 January 2026 Date: .............................................

Page 7

Docusign Envelope ID: E5771930-DB53-4341-BB1A-1A94CCD316A5

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investment income
3
Total
EXPENDITURE ON
Raising funds
4
Charitable activities
5
Development of Community and Education
Centre
Other
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
14
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
155,107
18,733
173,840
27,362
148,255
-
175,617
(1,777)
(4,481)
(6,258)
284,057
277,799		 Restricted
funds
£
21,789
-
21,789
965
49,459
43,530
93,954
(72,165)
4,481
(67,684)
841,666
773,982		 2025
Total
funds
£
176,896
18,733
195,629
28,327
197,714
43,530
269,571
(73,942)
-
(73,942)
1,125,723
1,051,781		 2024
Total
funds
£
199,351
8,726
208,077
27,328
212,054
53,546
292,928
(84,851)
-
(84,851)
1,210,574
1,125,723

The notes form part of these financial statements

Page 8

Docusign Envelope ID: E5771930-DB53-4341-BB1A-1A94CCD316A5

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO)

BALANCE SHEET 28 FEBRUARY 2025

Notes
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Stocks
11
Debtors
12
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
14
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
-
7,839
15,533
258,960
282,332
(4,534)
277,798
277,798
277,798		 Restricted
funds
£
770,921
-
4,789
5,375
10,164
(7,102)
3,062
773,983
773,983		 2025
Total
funds
£
770,921
7,839
20,322
264,335
292,496
(11,636)
280,860
1,051,781
1,051,781
277,798
773,983
1,051,781		 2024
Total
funds
£
814,450
7,126
4,758
307,982
319,866
(8,593)
311,273
1,125,723
1,125,723
284,057
841,666
1,125,723

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 19 December 2025

............................................. A Cannon - Trustee

The notes form part of these financial statements

Page 9

Docusign Envelope ID: E5771930-DB53-4341-BB1A-1A94CCD316A5

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO)

CASH FLOW STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash used in operating activities
Cash flows from investing activities
Interest received
Net cash provided by investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2025
£
(52,812)
(52,812)
9,165
9,165
(43,647)
307,982
264,335		 2024
£
(29,465)
(29,465)
162
162
(29,303)
337,285
307,982

The notes form part of these financial statements

Page 10

Docusign Envelope ID: E5771930-DB53-4341-BB1A-1A94CCD316A5

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO)

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2025

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net expenditure for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Interest received
(Increase)/decrease in stocks
Increase in debtors
Increase in creditors
Net cash used in operations		 2025
£
(73,942)
43,529
(9,165)
(713)
(15,564)
3,043
(52,812)		 2024
£
(84,851)
53,546
(162)
1,376
(2,607)
3,233
(29,465)

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1/3/24 Cash flow At 28/2/25
£ £ £
Net cash
Cash at bank and in hand 307,982 (43,647) 264,335
307,982 (43,647) 264,335
Total 307,982 (43,647) 264,335

The notes form part of these financial statements

Page 11

Docusign Envelope ID: E5771930-DB53-4341-BB1A-1A94CCD316A5

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - in accordance with the property Fixtures and fittings - 20% on cost Computer equipment - 33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 12

Docusign Envelope ID: E5771930-DB53-4341-BB1A-1A94CCD316A5

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025

2. DONATIONS AND LEGACIES

2.
DONATIONS AND LEGACIES
Admissions
Donations
Shop
Cafe
Grants
Events
Grants received, included in the above, are as follows:
Other grants
3.
INVESTMENT INCOME
Community centre
Deposit account interest
4.
RAISING FUNDS
Other trading activities
Opening stock
Purchases
Closing stock
Exceptional items		 2025
£
83,605
1,459
24,944
30,545
21,789
14,554
176,896
2025
£
21,789
2025
£
9,568
9,165
18,733
2025
£
7,126
24,655
(7,839)
4,385
28,327		 2024
£
77,378
2,198
25,278
38,671
40,520
15,306
199,351
2024
£
40,520
2024
£
8,564
162
8,726
2024
£
8,502
25,952
(7,126)
-
27,328

continued...

Page 13

Docusign Envelope ID: E5771930-DB53-4341-BB1A-1A94CCD316A5

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025

5. CHARITABLE ACTIVITIES COSTS

Development of Community and
Education Centre
6.
SUPPORT COSTS
Development of Community and Education
Centre		 Support
Direct
costs (see
Costs
note 6)
£
£
181,129
16,585
Governance
Finance
costs
£
£
4,473
12,112		 Totals
£
197,714
Totals
£
16,585

7. TRUSTEES' REMUNERATION AND BENEFITS

During the year, one trustee received remuneration of £2,100 (2024: £nil) for the provision of professional services.

Trustees' expenses

There were no trustees' expenses paid for the year ended 28 February 2025 nor for the year ended 29 February 2024.

8. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Employees		 2025
£
112,664
2,435
1,529
116,628
2025
6		 2024
£
127,293
3,713
2,193
133,199
2024
6

No employees received emoluments in excess of £60,000.

continued...

Page 14

Docusign Envelope ID: E5771930-DB53-4341-BB1A-1A94CCD316A5

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025

9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL
INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Development of Community and Education
Centre
Other
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
10.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 March 2024 and 28 February 2025
1,026,869
DEPRECIATION
At 1 March 2024
213,118
Charge for year
42,830
At 28 February 2025
255,948
NET BOOK VALUE
At 28 February 2025
770,921
At 29 February 2024
813,751		 9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL
INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Development of Community and Education
Centre
Other
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
10.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 March 2024 and 28 February 2025
1,026,869
DEPRECIATION
At 1 March 2024
213,118
Charge for year
42,830
At 28 February 2025
255,948
NET BOOK VALUE
At 28 February 2025
770,921
At 29 February 2024
813,751		 ACTIVITIES
Unrestricted
funds
£
158,830
8,726
167,556
27,328
168,653
-
195,981
(28,425)
312,482
284,057
Fixtures
and
fittings
£
53,584
52,885
699
53,584
-
699		 Restricted
funds
£
40,521
-
40,521
-
43,401
53,546
96,947
(56,426)
898,092
841,666
Computer
equipment
£
2,951
2,951
-
2,951
-
-		 Total
funds
£
199,351
8,726
208,077
27,328
212,054
53,546
292,928
(84,851)
1,210,574
1,125,723
Totals
£
1,083,404
268,954
43,529
312,483
770,921
814,450

The building will be depreciated in line with the remaining lease life of 24 years from 2019.

Page 15

continued...

Docusign Envelope ID: E5771930-DB53-4341-BB1A-1A94CCD316A5

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025

11.
STOCKS
Stocks
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Accrued income
Prepayments
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Taxation and social security
Other creditors
14.
MOVEMENT IN FUNDS
Net
movement
At 1/3/24
in funds
£
£
Unrestricted funds
General fund
224,057
(1,778)
Capital Works Fund
60,000
-
284,057
(1,778)
Restricted funds
Thanet District Council
-
(1,727)
Heritage Lottery Fund
25,742
(25,435)
Building Fund
815,806
(44,884)
HF Covid Fund
118
(118)
841,666
(72,164)
TOTAL FUNDS
1,125,723
(73,942)		 2025
£
7,839
2025
£
8,641
3,946
4,789
2,946
20,322
2025
£
7,430
1,064
3,142
11,636
Transfers
between
funds
£
(4,481)
-
(4,481)
-
4,481
-
-
4,481
-		 2024
£
7,126
2024
£
1,968
-
-
2,790
4,758
2024
£
485
1,008
7,100
8,593
At
28/2/25
£
217,798
60,000
277,798
(1,727)
4,788
770,922
-
773,983
1,051,781

Page 16

continued...

Docusign Envelope ID: E5771930-DB53-4341-BB1A-1A94CCD316A5

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025

14. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Thanet District Council
Heritage Lottery Fund
Building Fund
HF Covid Fund
TOTAL FUNDS		 Incoming
resources
£
173,840
10,000
11,789
-
-
21,789
195,629		 Resources
Movement
expended
in funds
£
£
(175,618)
(1,778)
(11,727)
(1,727)
(37,224)
(25,435)
(44,884)
(44,884)
(118)
(118)
(93,953)
(72,164)
(269,571)
(73,942)

Comparatives for movement in funds

Unrestricted funds
General fund
Capital Works Fund
Restricted funds
Heritage Lottery Fund
Garfield Weston Fund
Roger De Haan
Kent Community Fund Loan
Building Fund
HF Covid Fund
TOTAL FUNDS		 At 1/3/23
£
252,482
60,000
312,482
34,270
2,979
1,000
2,000
857,608
235
898,092
1,210,574		 Net
movement
in funds
£
(28,425)
-
(28,425)
(8,528)
(2,979)
(1,000)
(2,000)
(41,802)
(117)
(56,426)
(84,851)		 At
29/2/24
£
224,057
60,000
284,057
25,742
-
-
-
815,806
118
841,666
1,125,723

continued...

Page 17

Docusign Envelope ID: E5771930-DB53-4341-BB1A-1A94CCD316A5

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025

14. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Heritage Lottery Fund
Garfield Weston Fund
Roger De Haan
Kent Community Fund Loan
Building Fund
HF Covid Fund
TOTAL FUNDS		 Incoming
resources
£
167,556
40,520
-
-
-
-
1
40,521
208,077		 Resources
Movement
expended
in funds
£
£
(195,981)
(28,425)
(49,048)
(8,528)
(2,979)
(2,979)
(1,000)
(1,000)
(2,000)
(2,000)
(41,802)
(41,802)
(118)
(117)
(96,947)
(56,426)
(292,928)
(84,851)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Capital Works Fund
Restricted funds
Thanet District Council
Heritage Lottery Fund
Garfield Weston Fund
Roger De Haan
Kent Community Fund Loan
Building Fund
HF Covid Fund
TOTAL FUNDS		 At 1/3/23
£
252,482
60,000
312,482
-
34,270
2,979
1,000
2,000
857,608
235
898,092
1,210,574		 Net
movement
in funds
£
(30,203)
-
(30,203)
(1,727)
(33,963)
(2,979)
(1,000)
(2,000)
(86,686)
(235)
(128,590)
(158,793)		 Transfers
between
funds
£
(4,481)
-
(4,481)
-
4,481
-
-
-
-
-
4,481
-		 At
28/2/25
£
217,798
60,000
277,798
(1,727)
4,788
-
-
-
770,922
-
773,983
1,051,781

continued...

Page 18

Docusign Envelope ID: E5771930-DB53-4341-BB1A-1A94CCD316A5

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025

14. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Thanet District Council
Heritage Lottery Fund
Garfield Weston Fund
Roger De Haan
Kent Community Fund Loan
Building Fund
HF Covid Fund
TOTAL FUNDS		 Incoming
resources
£
341,396
10,000
52,309
-
-
-
-
1
62,310
403,706		 Resources
Movement
expended
in funds
£
£
(371,599)
(30,203)
(11,727)
(1,727)
(86,272)
(33,963)
(2,979)
(2,979)
(1,000)
(1,000)
(2,000)
(2,000)
(86,686)
(86,686)
(236)
(235)
(190,900)
(128,590)
(562,499)
(158,793)

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 28 February 2025.

16. DESCRIPTION OF FUNDS

HERITAGE LOTTERY FUND

This grant is being used to develop pre-voluntary sector training as it was established that although recruits could be found, many of them have complex needs and require support and nurturing to settle into their volunteer positions.

BUILDING FUND

The building fund relates to the property 1 Northdown Road.

HERITAGE COVID FUND

This grant was awarded for the assistance of associated costs required in order to operate through restrictions applied through Coronavirus.

THANET DISTRICT COUNCIL FUND

This grant is being used to develop pre-voluntary sector training as it was established that although recruits could be found, many of them have complex needs and require support and nurturing to settle into their volunteer positions.

continued...

Page 19

Docusign Envelope ID: E5771930-DB53-4341-BB1A-1A94CCD316A5

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2025

17. CHARGES TO PROPERTY

There are restrictions on the property 1 Northdown Road as set out by the Heritage Lottery Fund and Big Lottery Fund, the funders of the project, stating the charity must keep exclusive control over it. The property must not be sold, let or otherwise parted with or any interest in it, or any rights given over to anyone else without approval beforehand.

If approval is given for the sale of the property, a proportion of the sales price is repayable.

The property must be maintained in good repair and condition and must be insured as set out by the funders guidance.

Page 20

Docusign Envelope ID: E5771930-DB53-4341-BB1A-1A94CCD316A5

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO)

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2025

INCOME AND ENDOWMENTS
Donations and legacies
Admissions
Donations
Shop
Cafe
Grants
Events
Investment income
Community centre
Deposit account interest
Total incoming resources
EXPENDITURE
Other trading activities
Opening stock
Shop expenses
Cafe expenses
Closing stock
Exceptional items
Charitable activities
Wages
Social security
Pensions
Repairs & renewals
Computer expenses
Insurance
Light and heat
Telephone
Printing, postage & stationery
Advertising and marketing
Cleaning & waste disposal
Other consultancy fees
Miscellaneous expenses
New staff
Training costs
Carried forward		 2025
£
83,605
1,459
24,944
30,545
21,789
14,554
176,896
9,568
9,165
18,733
195,629
7,126
11,492
13,163
(7,839)
4,385
28,327
112,664
2,435
1,529
5,637
216
6,979
10,073
944
1,023
6,266
3,582
1,791
1,607
10,770
5,529
171,045		 2024
£
77,378
2,198
25,278
38,671
40,520
15,306
199,351
8,564
162
8,726
208,077
8,502
12,941
13,011
(7,126)
-
27,328
127,293
3,713
2,193
16,218
297
6,100
10,006
1,149
1,374
3,574
2,525
4,092
1,731
5,200
1,454
186,919

This page does not form part of the statutory financial statements

Page 21

Docusign Envelope ID: E5771930-DB53-4341-BB1A-1A94CCD316A5

THE MARGATE CAVES COMMUNITY EDUCATION TRUST (CIO)

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2025

Charitable activities
Brought forward
Activity costs
Event expenses
Volunteer expenses
Other
Freehold property
Fixtures and fittings
Support costs
Finance
Bank charges
Governance costs
HMRC Interest
Accountancy and legal fees
Total resources expended
Net expenditure		 2025
£
171,045
2,040
6,065
1,979
181,129
42,830
700
43,530
4,473
-
12,112
12,112
269,571
(73,942)		 2024
£
186,919
150
6,063
2,435
195,567
42,829
10,717
53,546
3,040
14
13,433
13,447
292,928
(84,851)

This page does not form part of the statutory financial statements

Page 22