ONE PLACE EAST LTD Company Llmlted by GuarAntee Tr40. 3115971 Registered Charlty No. 1065770 ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
ONE PLACE EAST LTD INDEX TO THE FIf4ANCIAL STATEMENTS FOR TItE YEAR EI NDED 31 MARCH 2024 CONTENTS Page Legal and administrative information Report of the trustees and directors Audit report Statetnent of Financial Activities io Balance Sheet Notes fonning part of tbe fllwicial statements 12-16 Page 2
ONE PLACII KAST LTD (LIMITED BY GUARANTEE) LEGAL AND ADTrllNISTRATIVE rI ORMATION 31 MARCH 2024 Dlrectors and Trustees Michelle Crouch (Chair) Helen fvIGDonald (resigned 7111123) BaLry Richard Bates Jennifer Brock Deborah Pearce {resigned 7111123) Mr A. Longhurst Lisa Cain Stephanie Lynne Tatlll Registered Offiee 2. Floor ll£ord Chamber5 I I Chapel Road llford, Essex IGI 2DR Company Registration No. 3115971 (England & Wales) Charlty Reglstratlon No. 1065770 Audltors Fredericks Limited Chartered Accountants & Siatutory Auditor8 106 Cbarter Avenue Ilford, Essex IG2 7AD Bankers HSBC PIC Ilford Branc Page 3
ONE PLACE LI AST
REPORT ofi THL TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The TrLtee8 who are al50 directors of the chLtY for the purposes of the Companies Act 2006, present their report with the
fillan¢ial statements of the GhaTity for the year ended 31 March 2024. The trnstees have adopted the provisions of
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts
in a¢¢oidance with the Financial Reporting Standard applicable in the Utc and Republic of Ireland (FRS 102).
Trustees
The Trustees who served during the year are set out on the legal and aikninistrative inforniation page at tbe front of these
counts,
Prlnclplll Actlvltles and Object5 of the Charitable Compally
The Company is established for the PTomotion• preservation and safeguarding of people with mental health problems,
people with a learning disability, people with an autistic spectnjm disorder, people with physical disability, people with a
s¢n80ry impaimlent, older people including people with dementia, children and families, and carers resident in the London
Borough of Redbridge and neighbouring boroughs and counties, (hereinafter called the "beneficiaries"). The Company
will epOWer beneficiaries to exercise independence, Choice and control over how their support needs are nLet, in
particular but llo¢ exclusively by:
(a)
developing and supportmg effective forn]s of user involvernent and engagement
(b)
developing a range o£personalised support and advice Se1¢¢8 to enable Scl¢e Use to make infornled
deoi8i0J8 and lead independent lives
WOTlang with the statutOry> voluntary and business sectors to promote greater knowledge and understanding of
lll¢lu8lOll issues
advancing publxc education in disability related issues.
undertal
ONI E PLACE EAST RLI PORT OF TIIE TRUSTEES (Contlnued) FOR THE YEAR EI¥DED 31 MARCH 2024 Reminiscence Group: Developed and led by people using our services, this new peer group started in November 2023, 50 faT 17 session8 have taken place with 114 illtsractii)ns . Ongoing Siipport: We continue to provide valuable inforrnation, signposting, and supporl including issuing Foodbank vouchers where appropriate. Disability Festival: We were an integral part of the platining group for the 2023 Disability Festival in the Park, where over 2,000 people enjoyed fantastic p¢rfom]anceg such as Brazilian dancing> African dnunrning, and a Robbie Williams tribute act, along with craft stalls, well-being activit1¢8, a 8POrt8 zone, an amazing fashion show and mental health workshops. DBS Checks: As a registered body for the Dis¢108ure Barring Service, we have provided local voluntary organisations with support and infom]ation about DBS chec1(8 and pro¢e88ed 241 DBS Gheck8 for 22 organisations. Dementia Befriending Servlee,, We were sad to see the end of the Dementia Befriending Service, over the year8, this se1¢¢ provided 952 interactions supporting those living with detllentia in the local community. In addition to the above, we secured fimding to develop new services including: Talent Network: An employment project aimed at addressing those battier8 that Iceep Deaf & Disabled People furthest away from the labour market and from reachin8 tbeir full potential, ConLmunity Peer Solutions: Fiinded by tbe Nation Lottery this supports various projects enabling deaf and disabled people to have more control in their lives, Wheels4Challge: A project for research itito accessibility of sports provision for Deaf & Disabled People and ELdv0ratg for improved provision. Health Inequalities: This project aiTns to improve outsome£ for Deaf & Disabled People, by developing the worliforGe, overcoming barriers to access and piloting innovative new peer-led activities. RVC Good Neighbour Scheme: Providing volunteer support for the oommunityj eg sitting with 5icldelderly people when their carers go out, providing transporVes¢ort services for nedical appointn]enls, shopping, prescription collection and on oeeasion helping with house1ld GELores. By delivering the above work our service users and the local community had access to.. meeting5 and focus groups to ensure that they had the illforniation and support to llk¢ informed choices about their lives, especially those who are seldorn heard or find communication challenging) assistance to identify and use s¢rvices to meet &eir needs,. Trvorkshops to d¢velop their iukderslanding of mental ill healtl trauma recovery> long tertll condition8 and overall well-being. support and companlonship to reduce Social isolat'ion. opportUDlties to meet new people, develop new skills and have ft1 Despite the challenges of Te¢ent years, we successfully provided tnuch needed servi¢es and unw&verillg support to our service users and the local community. The Truqtees a¢l(nowledged the exc¢ptional efforts of ol staff, expressing gratittide for their dedication in ensLJring thae our services contillued to reach th08¢ niost in need throughout the year. The Year Ahead With the 8uocess of recent funding applications and ttLe start of new project developments the year ahead promis&s to be exciting and full of opporttmities for growth and itmovation. Volunteers We are, as always, indebted to the many volunteers that have given their titne and energy helping in the projects and office. We thank thgm for their dedication, commitment and support. The WO of our volunteers ha8 been a key factor in the achievements of One Place East over the past year. Page 5
ONE PLACLI LAb I. REPORT of4 THE TRUSTLI ]LS (Coiililliied) FOR THE YEAR ENDED 31 MARCH 2024 Dlreetors/Trustees Our thanla to all Direotor81Tiustee8 for givkns their tlllle, cornmitmetit and experti8# to the work of One Plac? East. Funding We M'e teft[l to all oiii. ftindeLS espeoially London Borough of Reclbridge, IqELFT, NHS NEL ICB, City Bridge Trust, MOFAC, Aocess Foundation, Inm&n Charity, Greater London Authority, Colour8 of Redbridge, CABVII, Naliollal Lottery connUn1ty Fulld, London ComnLunity Foundation, Redbridge Voluntary Care. Re8¢rve5 Pollcy Tho Board of Trn8tee8 ha8 reviewed the oharity's need8 for reserves in litie vnth the guldance issuedby the Charltie Cotijnission, Funds are set aside lo saf¢guard tho charity's serviGS comrnitrrtent in the event of delays in receipt of grants, or to bridge the ce88ation of oLe grallt and the commencement of anothBf, OT to tneet & range of Colltingent li&bilitie8 and osts that would be incurred if the charity were to ¢Lo6e. The requir¢d1ovel of teserves wlll be reviewed pcrio(lically by tkn¢ Finance Sub-ComrLll'ttee and submitted to the Board for approv&L. As part of the budget 8etting proce88 and b&sed on projections for tho fanCial year ending 318¢ March 2025, the re8eive gure Ikas been set at £90,000. Risk Stteellt The Charity has considered a range oErL8ks to whioh it could be exposed &nd the Director8 regularly revisw the policies and procedure8 which ailll lo mittimise th08e risks, onsurlng that tbese ar¢ adequats, appropriate and copIled with fvlly. Publlc beneflt In jhaping our obJoctive8 for tke year and planning our activitie8 tbe trustee8 have con81dered tILe Charity Commi85ion guidattce on publiG benefit. Statement of Trustee8' Responslblllties Compally law r¢quire8 the Tru8tees to pr8pare fJnanciaL 8E&tements for eaGh fancIal year which give a tnLe and far view of the Slate of affair8 of the charitable company alld of the rtetincorning SOurceS of the charity for that period, Io preparing those fmanGial statenLent8, the Trustee8 are reqiiired to;_ 8eleGt 8Ultable accoullting policies and thell apply them ¢onslstently' tnak6 judgenLeJls and estinales that are reasonable and pTrent. 8t&te whether applicable accounting gtandard8 atLd Statements of recommen(led practice have been followed, siibi'¢¢t to any d¢parknies disGIo8ed and explairted ill the finalloial 8tstements' prepare the fancIal 8taternents on the going concenL ba8iS &tLd in accotdance with &pplioable aGcoiinting standards The trustees &re responsible for l(eeping proper accounting records whioh di8cIo8e with Ieasonable aGcuraGy at arty tlrna tELe fancIal p08ition of the charity and to en¥4ble then lo ensure that the fanCIal statlientS comply with the Companies Act 2006, They are also re8ponsible for 8afegLiardillg the a88ets of the charity and hence takiLg reasonable 8teps for the prevelltion &tLd detection of fraud alld other IgI11rItIes, Statement as to dl8closure of Informatlon to 8udltors So far the tN8te88 aro aware, there 18 LO relevant audit infonnation (as defmed by Section 418 of tbe CoJllpanie8 Aot 20061 of which dEe COmPBlly'8 auditors are unaware, and eackn trste¢ has talc¢n all the 8teps &Lat he or she oiigbt lo have lalcEn as a Iru8te¢ in order to make himself or h6r8elf awaTO of any relevattt audit infotmatioll and to establish th&1 the Gon]patty's auditors are aware of &Ltt infomution. A re80lution prop08iug &e ieappoilltment of Fredericks Limited, Chartered AcCOuntts, a8 auditors will be 8ubmi'ttod al the Annual General Meeting. Small copanY Rules These &coounts kave beett prepared in accoidance with the 8pecial provisions of Part 15 of'the Companies Act 2006 relating to 8mall aompatties. On behalf of the Trnstees Crouoh Date,, Page 6
ONLI PLACEI EAST LTD REPORT OF THE INDEPENDEI NT AUDITORS TO THE MEMBERS FOR THE YEI AR NDED 31 MARCH 2024 Oplnlon We have audited the fmancial statements of One Place East (the '¢haritable Company,) for the year ended 31 March 2024 which comprise the Statement of Fin&ncial Activities, tl]e Balanc¢ Sheet, and notes to Ibe finanGi&l slatemettts, including a sumtnary of significant accoullting policies. The financial reporting framework that has been applied in their preparation is applicable law and United ngdOrn Accounting Standards in¢liiding Finatwial Reporti-ng Slandard 102: The Financial Reporting Standard applicable in the UK and Repllbc of Ireland (Ullited Kingdotll Generally Accepted A¢¢oulltillg Practice). This report 18 made solely to tbe charitable ¢otnpany's members, as a body, in accordance with Chapier 3 of Part 16 of the Companies Act 2006. Our aiidit work has been unde1akell so tbat we might stats to the charitable company's members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent perniitted by law, we do not accept or assume responsibility to anyone other than the Charitable company and the Charitable company's members as a body, for our audit work, for this report, or for th opinions we have formed. Tn our opinion the financial statements: give a trne and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resourees and application of resources, including its incotne and expenditure, for the y¢ar ended. have been properly prepared in accordance with United Kingdom Generally Accepted A¢¢ounting Practice. and have been prepared in accordance with the requirements of the Companies Act 2006. Basiy for opinion We conducted our audit in accordance with Inten]ational Standards on Auditing (UK) GSAS (UK)) and applicable law. Our responsibilities under those standards are furtber described in the Auditots responsibilities for the audit of the finallcial statements section of our report. We are indepen(lent of the charitable company in accordance with the ethical reqllirernents that are relevant to our audit of the financÈal statements in the UK, including the FRC'S Ethical Standard, and the provisions available for sn]all entities, in the circumstances set out in note 13 to the financial statements, and we have lfilled our other ethiGal responsibilities in accordance witb these requirements. We believe that the audit evidence we have obtained 18 sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the fllwicial staten]ents, we have concluded that the directors, use of the going concern basis of accounting in the preparatioll of the fmanGial 5tateellt8 is appropriate. Based on tke work we have perfornied, we have not identified any material uncertainties relating to events or conditions thaL illdividua]ly or ¢olle¢tively, may cast signiflcant doubt on the company's ability to continue a going concern for a period of at least twelve months frorn when the fanCIal statements are authorised for issue. OUT r¢spon8ibilitie8 and the responsibilities of the directors with respect to going concern are described in the relevant 8ections of this report, Other Information The lrnsfres are respollsible for the other inforniation, The other information comprises the irrformation included in the Report of the Trustees, but does not irlclude the financial statem¢nls and our Report of th¢ Ind¢pendent Auditors th¢reon. Our opinion on the finan¢ial statements does not cover the other infonnat'ion and we do not express forn] of assuranc¢ concliision thereon. In cotme¢tion with our audit of the fmanGial statements, our re8ponsibi]ity is to Tead the other infonnation anl in doing so, onsider whether tILe other infonnation 18 materially inconsistent with the financial Statements or our l(nowledge obtained in the audit or otherwi8¢ appears to be materially mi8Stated. If, based on the work we have perfornied, we con¢liide that there is a material misstatement 0£ this other infortnation, we are required to report that fact. We hav¢ nothing to r¢port in thi8 regard. Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the Course of the audit: the infomiation vell in the Report of the Trn8t¢es for the Fmancial year for which the financial StateentS are prepared is consistent with the fllwicial statemellts. and the Report of the Trnstees ha8 been prepared in accordance with applicable legal requirements. Matters on Ivhieh Jve are requRred to report by exception In the light of the knowledge and understanding of the Charitable company and its envirollment obtained in the cour8e of the audit, we bave not identifled llterial misstatements in the Report of tlL¢ Trustees. Page 7
ONE PLACE EAST LTD REPORT OF THE INDEPEF4DENT AUDITORS TO THE METhfBERS FOR THE YEAR ENDEI D 31 MARCH 2024 (CONTINtrED) We have nothing to report in respect of the following matters where the copanicS Ac¢ 2006 requires us to r¢port to you if, in our opiuioll., adgquatc accounting record8 h&ve not been kept or Teturns actequate for our audit have not been received from branchgs not visited by us. or the financial statements are not in agreement with the accounting records and returns" or ertain disclosiires of trustees, rgmuneration specified by law are not made. or we have not received all the infotmatton and explanations we require for our audit. or the trustces were not entitled to lake advantage of the Small con]panie5 exemption from the requirement to prepare a Strategic Report or in preping the Report of the Tntee8. Responsibilitles of tru5tee$ As explained n]ore fully in the Statement of Trustees Responsililities set out on pages five and six, the tru8t¢es (who are also the directors of the charitable wrnpany for the pUoSes of Gompany law) are ponSIble for the preparation of the financial st&tement8 and for being satisfied that they give a true and fair view, and for such internal control as the tnjstees deterniine 18 necessary to enable the preparation of financial statemenes that are free from material mi8StatenJent, wbether due to &aud or error. In preparing the financial 8tstsments, tkke trnstees are responsible for assessing the Charitable ¢otnpany's ability to continue as a going concenL disclo8ingg as applicable, matters Telated to going concern and using tbe going Concern basis of accounting unjess the trustees either intend to liquidate the Charitable company or to Cease op#rations, or have no realistic alternative but to do so, Our re8ponsibilities for the audit of the flnanclal statements Our objectives are to obtain reasonable assurallce about wbether the financial 8tatetnents as a whole are free frotn material rnLSStatemenL whether due to fraud or error, alld to Issue a Report of tbe Jlldependent Auditor8 that includes our opinion. Reasonable assurance is a high level of assurauce, but 18 not a guarantee that an audit Conducted in aooordance with ISAS (UK) will always detect a rnaterial mi8Statemertt wlLen it exists. Misstatetllents can arise from fraud or error and are Gollsidered material if, individually or in tILe aggregate, they Gould reasonably be expected to influence the economic decisions of users taken on the basis of these finan¢ial statements. egularities, inGluding fraud, are instances of non-¢omplian¢e with laws and regulations. We design procedures ill lifte with our responsibilitieg, outlined above, to dets£t irregularities, including fraud. The risk of not detecting a material misstatement due to fraud is higher t1] the risk of not detecting one resulting from error, as fraud tnay involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. The extent to which our procedures ate capable of detecting irregularities, including fraud ig detailed below. However, the primary responsibility for tELe prevention and d¢te¢tion of fraud rests with both those charged wtth governance of tbe entity managetllellt. Our approach was as follows: - we reviewed meeting of tninutes of ihose charged govertLance. the engagement partner ensured that the engagement te collectively had the appropriate competence, capabilities and skills to identify or recognise tton-compliance with applicable laws and regulations, - we identified the laws and regulations applicable to the Company through discussions with management, and from our commercial knowledge and experience of the sector in wbich the Charity operates, - we assessed the extent of compliance with the laws and regulations identified above through making enquiries of mallagetnent and inspecting legal correspondellce. and - identified law8 and regulations were communicated within the audit team regularly and tbe team remained alert to instances of non-con]pliallce t11roughout the audit. We assessed the susceptibility of the Charity's financial statements to material misstatemenL includitig obtaining an ulldergtanding of how fraud might occur, by: - nkIng enquiries of management a8 to where they considered there was susceptibility to fraud, theirlinowledge of actual, suspected and alleged fraud. and Considering the internal controls. in place to initigate risks of fraud and non-compliance with laws and regulatton8. Page 8
04 PLACEI EAST LTD REPORT OF THE INDEI PENDENT AUDITOIiS TO THE MLI IEI RS FOR TH YIAR niNDED 31 MARCH 2024 {CONTINUED) To addr088 the risk of fraud throiigh managexnent bias and ovettido of controly, we,, - porfonned analylloal procedures to identfy any unusual or Ullexpeoted ielation8hip3' - tested journal ontrie8 to identify ullu8ual trattsactions,, - a88e88¢d whether judgements alld as8umption8 made ill dotvrniining the a¢wullting e8timate8 set OLIt note I were Indicative of potential bia8,' and inve8tig8ted the rationale behind significant or unu8ual tran8aGtions. In Te8Iion8e lo the ri8k of itregularilies aad non-oompliance with law8 and regulation8, we designed pmcedures which included, but weTQ not lllnited10: agreeing fmancid Statement disclosurw to underlying supporling documetttation; - enquiring of managemollt as to actual and potential litigation alld Claims; and - roviewing core8pondence wtib HMRC alld any other relevant regulatm as Tequred. There are itiher¢nl limit&liollS Ill our audit procedures de8onbed above. The nLore retlloved that law5 alld regulattons are from fmancial tran5action8, the Less likely it 18 that w¢ would b¢¢ome aware of non-compliance, Auditittg Btattdards aLso limit the audit procedures requlred to identify non-¢omplianG¢ with laws and regulations to ellquiry of the Directors and other management and the inspection of regulatory attd legal GorreBponde]Lce, if any. A furtker dgscription of our re8pon8ibilities for the audit of the finanoial 8tatsment8 18 looated oll tkn FinanGid Rtsportillg Council's website &t www,fro.org.uk/auditorsre8ponsibilitle8, Th[5 description forms part of our Report of the Independent Auditors. S.G. Duker (Senior Statutory Auditor) for &lld on bshalf of FredoriGk8 Lijnited Chartered Accountan18 Statutory Auditors 106 Chartei Avenue Ilford, Essex IG2 7AD Dale: Page 9
ONE PLACE EAST LTD STATEMENT OF FINATr4CIAL ACTIVITIES FOR THE YEAR ETrIDED 31 LIIARCII 2024 Total 2024 Total 2023 Notes Unrestrlcted Restrlcted INCOME AND EXPENDITURE INCOIVIDIG RESOiJRCES Donation- Mayors Charity Sundry incorne Donations Grants Services provided Investment income ActiNdtles for generatlng funds Activity income 27,119 11,811 960 27,119 11,811 1,917 196,730 167,394 2,563 5,827 6,640 98,803 334,281 565 957 196,730 167,394 2b 2,563 1,420 7,143 8,563 Total Income £43,873 £372,224 £416,097 £446,116 RESOtrRCES EXPENDED Charitable expenditure Cost of activities in furtherance of the charity's objects (78,813) (350,494) (429,307) (443,748) Total expenditure (78,813) (350,494) (429,307) (443,748) Net (deficit)1surplus for the year before transfers Transfer between fut]ds (34,940) 32,669 21,730 (32,669) (13,210) 2,368 Net deficit for the year after transfers {2,271) (10,939) (13,210) 2,368 Net movement in funds Fund5 brought £onvard {2,271) 96,954 (10,939) 31,276 (13,210) 128,230 2,368 125,862 Funds carried forward io,ii £94,683 £20,337 £115,020 £1.28,230 The notes on pages 12 to 16 fomi part of these finan¢ial stst¢ments, Pag¢ 10
YLACLI AST L TD BAL-ANCll SHLI T AS AT 31 MARCH 2024 Notes 2024 2023 Fixed asset8 Tangible fjxed assets Ittvestn]enls Current a38ets Debtors Cash al balllc and in hal 4,016 271,643 18,311 153,796 275,659 172,107 Credltors; amounts falling due Ivlthln one year (160,639) (43,877) Net cllrrent A88et8 115,020 128,230 Net a88el8 £115,020 £128230 Funds: Ullre5tr1eted fund8 Restricted funds ioli I 10111 94,683 20,337 96,954 31,276 Total Funds £115,020 £128,230 These fm&ncial statemen18 have been prepared Ill acGordance with the spectal provi8iDns of Part 15 OE th¢ Companies Act 2006 relating to small compatiios. ON BEHALF 017 TItE BOARD: M. Crouch - Trustee Date,, The nè188 on pages 12 to 16 form p&t of &a8e tlnancial 8tstements. Fage 11
ONE PLACE EAST LTD NOTES TO THE ACCOUNTS FOR THE YIAR ENDED 31 MARCH 2024 Statiitory information One Place East Ltd is a private company and ¢harity limited by guarante¢ registered in England and Wales. The company's registered number and registered address ¢an be found oll the company InfornOn page. The Presentation CUentY is £ sterling. la. Accounting policies B9tsis of preparing the financial statements The fInancial statements of the charitable ¢ompany) 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: Ststement of Recommended Praotice applicable to charities preparing their ac¢oLints in a¢cordance Thyth tbe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reportitig Standard applicable in the UK and Republic of Irelat]d' and the Companies Act 2006.The financial Statements have been prepared under the Historical Cost Convention. Incoming Resources Grant income is accounted for on an accrnals basis when the fLmding is considered defmite. Otherwise it is accounted for when received. Donations and legacies income is accounted for on a received basi8. Allocation of Expenditure Expenditure is accounted for on an accnLals basts and is allocated within the Statement of Financial Activities to orte of the following headings'.- (i) Costs of gengrating funds comprise the costs associated with attracting voluntary income. (li) CharitsLble expenditLLrg compTises those costs inciitredby the charity in the delivery of its activities. It includes Gosls that can be alloGated direGtly lo that activity and those costs of an indirect nature necessary to 8UPPOrt (Ill) Governance ¢osts include those costs associated with meeting the constitutional and statutory requiren]ents of th¢ ¢barity and include the audit fees and Gosts linked to the strategiG mallag8uLenl of the chaTity. (iv) All Costs ar¢ allocat¢d between the expenditurg categories oFthe Statement of Financial AGtivities on the basis design¢d to refle¢t the use of the resource. Costs relating to staff are apportioned on a time spent basi8, property costs are allocated by floor spa¢e, other Costs ar¢ alloGatgd with referellce to an estin]a¢e 0£e resourcg usage, (v) Volunteer time is not. account for in the fmanoial 5tatgLnents. Fixed Assets Fixed a8sets are written off to the profit and108s a¢count in the year gApenditur¢ is incurred, Assets individually purchased in ex¢¢s8 of £10,000 will be (lepreGiated al a rate to be detertnined by the trustees if such expenditure is made, Fund Accounting Funds held by the charity are either:_ Unrestrictedfvnds- these are funds which Call be used in accordance wiib the Gharitable objectives al the discretton of the tntees. Reslrictedfynds - these are funds that ran only be used for particular restricted pUOSe8 within the objects of the charity. Restrictions arise wh¢n specified by the donor or when fund8 are raised for particular restricted purpose8, Further ¢xplanations of the natLJre and putposes of each restricted fid and it8 income and expenditure 18 included in note 10 to the accounts. Page 12
ONE PLACE EAST LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDII D 31 MARCH 2024 {CONTINUED) Siindry incorne reIates to nlgement charges reiidered andcharges for other services provided a8 well as a small nLimber of donations. GrRnts Unrestricted Fllnds Restricted Funds Year ended Year elld¢d 31.03.2024 31.03.2023 National Lottery Coi]]munily Fund City Bridge Trust London Commlittily Fund MOPAC Pretnises fund Postcode Society Trust Natioiial L<)ttery- Awards for All S¢rewfix Tbe Access Foulldation CABWI Other 99,789 25,648 9,582 4,700 99,789 25,648 9,582 4,700 27.229 19,000 2,470 8,000 15,507 9,790 3,476 4,575 22,874 19,937 14,200 22,874 l9,937 l4,200 8,756 £196,730 £196,730 £98,803 Servlces Provlded London Borough of Redbrldge: cOInISsIon service funding SLA- RLUL Up and Befri¢J]din8 -CCG - NELFr NHS- North East London 79,976 74,321 79,976 74.321 79,963 63.409 111,286 79,623 13.097 13,097 £167,394 £167,394 £334,281 Investment intome Inter¢st re¢¢ivable on casb deposits 2,563 2,563 565 £2,563 £2,563 £565 Payroll Costs Ye#r ended Year ended 31.03,2024 31,03.2023 The aggresate payroll costs were',- Wages and salaries Social security costs Pension costs 248,160 l 8,523 4,510 256,264 19,617 4,965 £271,193 £280,846 During th¢ year no trustee8 were paid or received Significant reimbursed eKpeLses (2023., £Nil). No ¢plOYee r¢¢eiv¢d an annual remuneration in excess of £50,000. The total nutllber of employees calGulg1ted on a 11 time equival¢nt basis during the year was 10 {2023.' 10). Page 13
ONE PLACE EAST LTD NOTES TO THE ACCOUNTS FOR YEAR E]YDED 31 MARCH 2024 (CONTINUED) Charitable xpendithre Unrestrlcted Funds Restricted Funds 2024 Totsl 2023 Total DBS obecks - external Board expenses Ballk charg¢s otrice running costs Overheads Premises costs Proje¢t runnin£ costs Meetings and ¢venls Salaries and freelanctt 114 421 196 20,622 460 7,508 7,222 1,265 41,005 114 421 196 30,800 7,048 36,430 42,782 23,033 288,483 (66) 226 203 27,739 7,476 61,305 26,313 3,813 316,739 10,178 6,588 28,922 35,560 21,768 247,478 £78,813 £350,494 £429,307 £443,748 Support Costs (Governance Costs) - Included Tryithin the above Audit fees Professional fees 460 1,225 2,988 2,507 3,448 3,732 3,388 2,045 £1,685 £5,495 £7,180 £5,433 Tangible Fixed Assets Cost BroLlt forward and Caled fonvard £8,894 £8,894 Depreelfttlon Broiight foThvard and carried fonvard £8,894 £8,894 Net book value Debtor5 Trade debtOTS incliiding grants receivable Othgr debtors 3,315 701 17,847 464 £4,016 £18,3ll Creditors: Amounts falling due wfithlll olle year Trade creditors Deferred grallts Accruals 132 145,727 l4,780 41.159 2,718 £160,639 £43,877 Page 14
ONE PLACE EAST LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (COF4TINUED) io, Restrletsd Fuiid5 Balllnce at 01.04.2023 Incoming Re50llrce5 Resources Expelld¢d Transfers between Fund$ 31.03.2024 Revanlle Fund$ One Place East Comjnissioned Service (LBR) Befriending (LBR) CABIWJ Grant Colours of Redbridge Inman Charity NHS East London National Lottery Together 4 London Greater London Authority Run Up (LBRI Dementia Befriendillg Service City Bridge Trnst Isabelle8 Fund MOPAC Open Voice ADnetle- In Jn¢n]ory donations Ldn Community Response Fund Ldn Community Response Fund IwAYe31 Ldn Community Rcsportse Fund Iwave51 Redbridge Voluntary Car¢ 2,979 Tesco 830 Disability Festival 1,203 Postcode Society Trust 11,250 Te¢hnology Funding 215 National Lottery- Awards for All 2,605 The Access Foundation 1,027 3,653 1,328 79,976 35,066 l9,937 174,629) 131,952) 116,317) (410) (1,295) 111,521) (92,237) (7,442) (4,212) {28,596} 14S2) (25,5941 (9.000) (2,640) (3,620) 1,802 {410) 1,705 76 652 3,000 13.097 99,789 9,582 4,912 39,254 2,848 25,648 11,5001 16,9001 12,1401 (7001 12,5361 3,317 80 (54) 360 (140) 2,116 70 43l 11,439 2,476 {360) 11,0001 4.700 (3,202) (2,116) 358 (70) 1431) (4) (2) (5.771) (67) {7,714) (11,250) 3,868 1,076 763 662 7,173 215 {477) (3.082) {22.198) 23,374 12,2031 Total Restricted Funds 31,276 372,224 (350,494) 132,6091 20,337 Unrestricted Fund5 Revenue Fullds One Place East 96,954 43,873 (78,813) 32,669 94.683 96,954 43,873 (78,813) 32,669 94,683 Total FLmds £128.230 £416,097 (429.307) £115,020 The transfer from restricted funds to LeStricted funds represents the apwrtloiinieiit of specific Costs to projects. These costs are as stated in project budgets and other funding documents submitted to fillLd¢rs. During the year tbe tntstees re-assessed Colltractuai commitments in respccl of staff and decided to un-designate funds. ii. Analysis of Not Assets BetTrYeen Funds Ncl Asset5 TotAI 31.03.2024 Tot 31.1)3.2023 UDrestrieted Fnnd8 £94,683 £94,683 £96,954 Restrlcted Fulld5 £20.337 £20,337 £31,276 Total Fullds £115,020 £1 l5,020 £128,230 Page 15
ONEI PLACEI EAST LTD NOTES TO THE ACCOUNTS FOR THE YEI AR 31 MARCH 2024 (CONTINUED) 12. Llmited Llablllty One Place East is a con]pany limited by guarantee. The Mernorandun] and Articles of Asso¢iation restrict the liability of members on winding lip to £1. Jn case of windillg up none of the a¢¢urnulated fid8 are distributable to the members, but shall be given, or traferred to, some other charitablo institutions having similar objectives. 13. APB Ethical Standard - Provisions available for smaller entltles In common with many other businesses of our Size and nature we use our auditors to as8i8t in the pr¢paration of the financial statements. 14, Related Party Transactions There were no Related Party Transactions during the year. 15, Comparatives for the statement of financial acttvfitles Unrestricted funds Restricted fullds Total funds INCOME AND E1WOWNLlNTs FROM Sundry illcon]e Dollalions Charitable activities Grant8 Services provided Investment incoe 5,827 6,640 5,827 6,640 98,803 334,281 98,803 334,281 565 565 Total 13,032 433,084 M6,116 EXPENDITURE ON Charitable a¢tiTrTrti¢8 (56,710) (387,038) (443,748) Total (56,710) (387,038) (443,748) NET(DEFICIT)ISURPLUS (43,678} 46,046 2,368 RECONCILIATION OF FUNDS Total funds brought forJYard Transfer between fullds (Deficlt)/Surplus for year 82,531 58,101 (43,678) 43,331 (58,101) 46,046 125,862 2.368 TOTAL FUNDS CARRIEI D FORWARD £96,954 £31,276 £128,230 Page 16