MARGATE TOWN ACTION GROUP CIC

Company limited by guarantee

Company Registration Number:
16080064 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2025

Period of accounts

Start date: 14 November 2024

End date: 30 November 2025

MARGATE TOWN ACTION GROUP CIC

Contents of the Financial Statements

for the Period Ended 30 November 2025

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

MARGATE TOWN ACTION GROUP CIC

Profit And Loss Account

for the Period Ended 30 November 2025

13 months to 30 November 2025


£
Turnover: 250
Cost of sales: 0
Gross profit(or loss): 250
Distribution costs: 0
Administrative expenses: ( 2,302 )
Other operating income: 2,045
Operating profit(or loss): (7)
Profit(or loss) before tax: (7)
Profit(or loss) for the financial year: (7)

MARGATE TOWN ACTION GROUP CIC

Balance sheet

As at 30 November 2025

Notes 13 months to 30 November 2025


£
Current assets
Cash at bank and in hand: 2,295
Total current assets: 2,295
Creditors: amounts falling due within one year: 3 ( 2,302 )
Net current assets (liabilities): (7)
Total assets less current liabilities: (7)
Total net assets (liabilities): (7)
Members' funds
Profit and loss account: (7)
Total members' funds: ( 7)

The notes form part of these financial statements

MARGATE TOWN ACTION GROUP CIC

Balance sheet statements

For the year ending 30 November 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 30 December 2025
and signed on behalf of the board by:

Name: Lesley Kemp
Status: Director

The notes form part of these financial statements

MARGATE TOWN ACTION GROUP CIC

Notes to the Financial Statements

for the Period Ended 30 November 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MARGATE TOWN ACTION GROUP CIC

Notes to the Financial Statements

for the Period Ended 30 November 2025

  • 2. Employees

    13 months to 30 November 2025
    Average number of employees during the period 0

MARGATE TOWN ACTION GROUP CIC

Notes to the Financial Statements

for the Period Ended 30 November 2025

3. Creditors: amounts falling due within one year note

13 months to 30 November 2025
£
Accruals and deferred income 2,302
Total 2,302

COMMUNITY INTEREST ANNUAL REPORT

MARGATE TOWN ACTION GROUP CIC

Company Number: 16080064 (England and Wales)

Year Ending: 30 November 2025

Company activities and impact

During this reporting period, Margate Town Action Group (MTAG) delivered Margate Vintage Weekend, held from 2–4 May 2025 as part of the VE80 celebrations. The initiative was developed in response to the Mayor’s Office’s desire to bring local businesses, residents and visitors to-gether to celebrate not only VE80 but Margate’s heritage and cultural identity, while creating a positive and engaging start to the summer season. The free, town-wide event featured live music, entertainment, activities across multiple locations, and special offers from local bars and restaurants. It aimed to encourage community participation, strengthen collaboration between local businesses and organisations, and attract visitors to the town centre, supporting the local economy. The event was well received, with several businesses reporting increased footfall, including their highest levels of the year to date. The success of the weekend demonstrated the value of collaborative, community-led initiatives in bringing people together, supporting local businesses and celebrating Margate’s unique identity. MTAG remains committed to exploring opportunities to build on this success and develop a sustainable, annual opening weekend with a vintage theme to help launch the summer season in future years. During the reporting period, MTAG a committee member (with support of the committee) led the Margate Empty Shops Directory initiative, established to address the lack of accessible information about vacant commercial properties across Margate Old Town, The High Street and Northdown Road. The project aimed to bring property ownership and availability information together in one place, helping to facilitate short- and long-term lets, pop-up shops, art trails, galleries and exhibitions. The wider objective was to support a more vibrant, attractive and active high street, encouraging residents and visitors to return for shopping, leisure and cultural activities. As a result, a directory was established, contributing to the opening of several pop-up galleries and enabling a much-needed school uniform shop to secure a more prominent town-centre location at an affordable rental cost. MTAG raised funds of £1000 for the Veterans Association by working with donations from local businesses and delivering a public raffle. The VA delivers vital work and a space for local veterans to meet and undertake activities that supports loneliness and good mental health.

Consultation with stakeholders

MTAG’s stakeholders include businesses, residents and visitors to Margate and the surrounding areas. We engage and collaborate with these groups through a range of channels, including our mailing list and regular newsletters, which provide updates, calls to action, opportunities to vote and social media channels. On 3rd July 2025, we held our Summer Social, an open community event hosted by a local business, providing an opportunity for residents, businesses and visitors to meet committee members, ask questions, learn about MTAG’s plans and explore ways to get involved. We also held an online consultation on 18th September 2025 with local business owners over Zoom to gather feedback on the Vintage Weekend, including what worked well and how the initiative could be sustained and improved in future. MTAG also works closely with key strategic stakeholders, including the Margate Town Mayor’s Office, which regularly engages with our committee to provide updates and seek dialogue around the potential establishment of a Margate Town Council, an initiative that MTAG supports as a positive opportunity for Margate. We also maintain links with Thanet District Council’s Regeneration Team and were invited to contribute to discussions around town-centre regeneration initiatives, including potential opportunities connected to the Town of Culture Award.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
30 December 2025

And signed on behalf of the board by:
Name: Lesley Kemp
Status: Director