REGISTERED CHARITY IYUMBER: 1174819 REPORT OF THE TRUSTEES .4ND UNAUDITED FINANCIAL sTATEIETs FOR THE YEAR ENDED 31 DECENIBER 2024 THE MARGATE BOOKIE AfftGATff BOOKIE
THE MARGATE BOOKIE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Rcport of the Trnstecs I to4 Accountant's Report Statemcnt of Financial Position Statement of Financial Activities Notes to thc Financial Statcmcnts 8tolO
THE MARGATE BOOKIE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustee5 who are also founders of the charity for the Purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees hae adopted the provisions of the Charities SORP 2019 (FRS102), effective from l January 2019. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1174819 Registered office 55 George V Avenue Westbrook Margate Kent CT9 5RH Trustees since l January 2024 10 date Mr Adrian Cross {deceased, 1710812024) Richard Skinner (Chair) Ms Vanessa King Bankers Lloyds Bank PIC 3 Queens Street Ramsgate Kent CTII 9DL STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Thc Charity is controllcd by a govcming documcnt. its constitution. Recruitment and appointment of new trustees As and when a n¢w trust¢¢ is r¢quir¢d, ¢iih¢r du¢ to a va¢an¢y or to fulfil a n¢w sp¢¢ifi¢ n¢¢d, individuals with thc rclcvant skills ale idcntificd and approaehcd. If a itustee is decmed appropriate and willing to make the required commitment then they are proposed to the committee by the Chair. Induction and training of new trustees New trust¢¢s ar¢ fully bri¢f¢d on the Charities, a¢livili¢s and proe¢dur¢s. Each trnsfr¢ is given an induction pack which s¢ls out their responsibiliii¢s as a trust¢¢. Organisational structure Management of the charity is under the Chairship of Richard Skinner. The trustees meet six monthly to receive reports from the Director of ihe Margate Bookie, Mr Andreas Loizou. Based on these reports the trustees make decisions by majority vote and delegate their execuiion to either employees or trnscees, as appropriate. Related parties There were no related party transactions. Page I
THE MARGATE BOOKIE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management The trustees have a duty to identify and review the Tisks to which the charitv is exposed and to ensure appropriate controls are in place to pro.]de reasonable assurance against fraud and error. This is carried out on an ongoing basis during the year and the trustees are satisfied that the systems ill place are sufficient to rnitigate exposure to major risks. OBJECTIVES AND ACTtVlTIES The Margate Bookie exists to advance education and arts and culture for the public benefit by promoting and providing opportunities for the appreciation, understanding and enjoyment of literature, in particular through the promotion and running of an annual literary festival in Margate. ACHIEVEMENT AND PERFORMANCE Margate Bookie is proud to be part of the town's regeneration story and our festival in October 2024 welcomed leading authors such as Lisa Jewell, Pauline Black, Nick Hornby'5 Ministry of Storie5, Moira BufFini, Helen Lcdcrer, Jeremy Deller and Robin Ince. alongsidc cultural tourists from London and beyond, to thc dclights of the coolest seaside town in the UK. 2024 was a packed year for the Bookie. Let's take a look at just some of the highlights. BOOKIE Talks from local wrilers like Daisy Buchanan, Hary Baker and Raymond Antrobus brought people together, taught them new things, turn strangers into friends and fe our imaginations. Books are empathy machines, opening up our minds to how other people feel and think. And we keep ticket prices as accessible as possible or indeed free as is the case with most of our children's evenis. The Bookie's annual literary festival is bigh profile, but the Margate Bookie is also proud of its all year round charity work. Page 2
Our volunleerpoolgels bigger (and better) everyyear The festival increased its volunteer pool from 35 to 98, surpassing the target of 70. VolunleeTS were new and reMIng. A programme of events specially for volunteers aimed to build social networks, provide access to Margate's CUlra1 institutions, offer insight into crealive eTrenl management that catered to the diversity within the group. It brought to light individuals -hO we would like lo support and 'ork w'ith in the future. The aims of the volunteer programme are to engage people living in Thanel '1th Bookie and wider cultural activity in Thanet, to open up access to key cultural enUeS in Margate and create a programme of learning opportunities and socials so participants could feel part of Thanet's cultural on(voings. feel a sense of pride in place, learn new skills while having and meetina ne, people, with the aim of fostering a Sense of cornrnunity. Achievements and impact: We reached a diversity of people, including those not in education or employThent, ne,coMers to Thanet, including rcfugees, and people on low incomes, who are neurodivergent and those with a disability or long-temi illness. We created an arts_based learning programme and a series of socials in addition to the volunteering shifts. Our aim was to create eight training se55ions and six team building events, and we delivered 12 learning se55ions and six socials, in addition to the volunteering opportunities throughout the festival. We brought people into key Thanel culture institutions. We achieved this through a free guided tour of Dreamland, and volunteering shifts at the Margate School, Turner Contemporary, Dreamland and Marine Studios, and through learning events at Marine Smdios and Ark. Through partaking in the volunteer progranime, participants were able to upskill in photography, creative and professional 'ritIng, as well as gaining hands-on and transparent event experience. Our children's evenls introduced even moreyoungpeople lo book5 The Children .5 Evenl.s were amazing. and we want to build on this by developing volunteering opportunities and programming and developing community children's events in addition to the maiT] programvne as well a5 find furthcr opportunitics within thc Schools Day s piogramm¢. Our schools, daypacked out the Turner Volunteers played a big part in the SclioDI.s Dai.. In partncrship with Rot2ry. Turner Conten]poi?ry and the Ministry of Stories, students from Hartsdown and Royal Harbour Academ}, took part in a da), of ¢reativ¢ workshops with authors J¢ssica Randal and Moira BU1n1. Th¢ event was a br¢akthrough in d¢v¢loping relationships with local schools, and all lh¢ t¢achers and pupils want to com¢ again in 2025. The Bookie continues to encourage local wnter5 The Fvrite Up Weekend saw eight low-cost practical creative and professional writing workshops take place at over capacity. thanks lo demand from the volunteers. Our special volunteer events including a B TS trip to Dreamland and sessions on building a car¢¢r in the arts - attracted young people as well as adulis. Billie'j lea party wiih E&51 Keni Mencap was upopulur success East Kent Mencap and local artist Elspeth Penfold hosted a special afternoon tea party as part of Margate Bookie 2024. Guests Joined in al Wildes from 3pm for a lea party where ihey could relax with friends, eat cake, and have funl Reflecting on the power of words, Artist Elspeth said. "Poety provides a shared language that can help us to understhnd ourselves- and oibers - beiier." Jason Gerlack, CEO of East Kent Mencap, said: "Making time to read opens up new experiences, introduces new worlds, challenges our thinking, and encourages us to ihink of new ideas and values. Everyone should have had the same opportunity lo make use of new learning or simply enjoy a good book. Page 3
We are immensely grate1 to our sponsors, foremost amongst them Arts Council, Amazon Literary Partnership, Thanet Rotary, Know Your Neiahbourhood. TDCIUK Shared Prosperity Fund and Garfield Weston. Without their generous support, Bookie Festival, Children'5 Festival and Wrile Up Weekend would not be possible. FINANCIAL REVIEW DuTing the year the charity made a small sury)lus and as at the year end had positive unrestricted funds. Reserves policy The reserves policy of the Trnstees is to keep a modest positive cash balance aT]d to facilite low risk literary events that breakeven. All of the funds are unTestri¢ted. ON BEHALF OF THE BOARD OF TRUSTEES 17th October 2025 Page 4
REPORT OF THE ACCOUNTANTS TO THE TRUSTEES OF THE MARGATE BOOKIE Independent Examiners report I report to the trustee5 on my exaTnination of the accounts of The Margate Bookie for the yeaT ended 31 DecembeT 2024. Respective responsibilities of trustees and examiner I report in Tespect of my examination of The MaTgate Bookie's accounts carried out undeT section 145 of the 2011 Act and in canying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Basis of independent examiner's report My examination was carried out in accordance with thc gcncral Directions given by the Charity Commission. An cxamination include,% a rCvic, of the accounting rccDrds kept by the charity and a Comparison of the account% presented with those rec()rds. It also inelude% consideration of any llnu4u21 iteins or di%elo4ure% in thc aceount4, and sceking cxplanations from you as trustees conccrning any such matters. The procedurcs undertaken do not provide all the evidence that would be required in an audit and con5equeT]tly no opinion is giveT] as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the next statement. Independent examiner's statement I hav¢ completed my examination. I confirni that no material matters have come to my attention in connection with th¢ examination giving me Cause to b¢lieve thai in any material respect: Accounting records were not kept in respect of the Trnst as required by section 130 of the Act. or 2. The accounts do not accord with those records- or Th¢ a¢¢ounts do not comply with th¢ applicabl¢ rcquir¢m¢nts conc¢rning th¢ fom) and contcnt of accounts set out in the Charities (Accounts and Reports) Regulations 2008 otheT than any requirement that thc accounts givc a 'truc and fair vicw which is not a mattcr considcrcd as part of an indcpcndcnt examination. I have no conc¢rns 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 uT]derstanding of the accounts to be reached. Signcd: Mr H Kemp Member ofthe ICAEW Kemps Chartered Accountants 42a High Street Broadstairs Kent CTIO IJT Date Page 5
THE MARGATE BOOKIE STATEMENT OF FTYANCIAL POStTIO FOR THE YEAR ENDED 31 DECEI¥IBER 2024 Notes 31.12.2024 31.12.2023 CURRENT ASSETS Cash at bank Barclays - Current account PayPal Trade debtor Prepayments ,898 681 2.717 621 2.579 3,338 CREDITORS Accrllals 1,008 978 1,008 978 NET CURRENT ASSETS 1,571 2,360 NET ASSETS 1.571 2,360 GENERAL FUND Balance bought fonvard 2,360 12,688 Deficit for the year (789) (10,328) NET CURRENT ASSETS 1,571 2,360 isyne.d nn it% hehalf hv.. 17th October 2025 Page 6
THE MARGATE BOOKIE STATEMENT OF FINANCIAL ACTIVITIES (Including Income & Expenditure Account) FOR THE YEAR ENDED YEAR 31 DECEMBER 2024 Notes 31.12.2024 31.12.2023 tNCOMING RESOURCES General Income Grants and donations Tickets Book sales Other income 49,532 4,343 11,980 808 135,841 9,476 9,016 Total Income 159625 Expenditure On Charitable Activities Artistic costs Overheads Marketing and audience development Developing your organisation Oiher Total Expenditure 39,096 3,891 6,719 17,746 83,122 27,781 31,734 27,316 169953 SURPLUS {DEFICIT) FOR THE YEAR (789) (10,328) Page 7
THE MARGATE BOOKIE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED YEAR 31 DECEMBER 2024 ACCOUNTING POLICIES Accounting convention The financial Statements of the charity. 'hiCh is a public benefit entity under FRS102, haN'e been prepared in accordance with the ChaTlties SORP revised iT] October 2019, (FRS102) 'Accounting and Reporting by Charities- Statement of Recomtnended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable ITJ ihe UK and Republic of Jreland (FRS 102) (effective l January 2019), Section l A'small Entities of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland.. The accounts haN'e been prepared undeT the historical cost convention. Incoming resources All incoming resources are included on the Income and Expendithre Account when the trust is legally entitled to the income and the amount can be quantified with reasonable accuracy. Resources expended Expcnditurc is accounted for on an acew81s basis and ha5 been Classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular heading% they have been allocated to activities on a basi5 consistent with the use of resources. Basis of preparation The accounts havc bccn prcparcd on an accruals basis as the charity's incomc cxcecds £25,000. Fund aeeThunting All of the funds are unrestricted. Unrestricted fimds can be used in accordance with the charitable objective5 at the discretion of the trustees. Furth¢r ¢xplanalion of th¢ natur¢ and purpos¢ of ea¢h fund is includ¢d in the not¢s to the financial stat¢m¢nts as appropriate from y¢ar to year. 2. GENERAL INCOME 31.12.2024 31.12.2023 Grants and donations Ti¢k¢ts Book sales Oiher income: 49,532 4,343 1,980 808 66,663 135,841 9,476 9,016 5,292 159,625 3. EXPENDITURE ON CHAIUTABLE ACTIVITIES 31.12.2024 31.12.2023 Artistic costs Overheads Marketing and audience development Developing your organisation Other 39,096 3,881 6.719 17,746 83,122 27,781 31,734 27,316 67,452 169,953 Page 8
THE MARGATE BOOKIE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED YEAR 31 DECEMBER 2024 ILNDEPENDENT EXAMINATION FEES 31.12.2024 31.12.2023 Independent examiners fee 1,008 978 The accounts are prepared on an accnlals basis. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2024. Trustees, Expenses There w¢re no trustees, expenses paid lor the year ended 31 December 2024. MOVEMENT IN FUNDS Net movement in funds Transfers betwee funds At 01.01.24 At31.12.24 Unrestricted funds General fund 2J60 (789) 1,571 Restricted funds TOTAL FUNDS 2,360 (789) 1,571 Net movement in nds, included in the above are as follows: Incoming resources Resources Movement in expended funds Unrestricted funds General nd 66,663 (67,452) (789) Restricted funds TOTAL FUNDS 66,663 (67,452) (789) Page 9
THE MARGATE BOOKtE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED YEAR 31 DECEMBER 2024 7. RELATED PARTY TRANSACTIONS There are no related paty transactions in the year. STATUTORY INFORMATION The Margate Bookie is an unincoTporated charity, registered in England and Wales, with charity number 1174819. The charity's registered office is 55 George V Avenue, Westbrook, Margale, Kent, CT9 5RH. Page 10