Compan>, registrarion number.. 03509623 Charity r¢gistraiion nutnb¢r' 1071668 EASTSIDE COMMUNITY HERITAGE (A company limited b>. share Guardnteel Annual Report and Financial Sthiements for the Year Ended J l March 2021 KALOMART & CO ACCOUNTANTS External Examiners Unit 9 Blackh¢ath Business Centre 78B Blackheath Hill London SEIO 8BA EASTSIDE COMMLNITY HERITAGE Conlents Referen¢¢ and Administrative Details Trusiees, liepon 2105 Scaiement of Trnstees, Responsibilities Independeni Examinerfs Report Ststernent of Financial Activities Balonce Sheet Notes io the Financial Staternents 101020 EASTSIDE COMMLNITY HEIUTAGE Reference and Administratii'e Details Chairman David Green. Trustee and Director Chief Executii'e Officer Mrs Judith Anne Naomi Garfi¢liL Chief Executive ￿]Cer Trustee5 David Greell. Tru51ee and D1￿ctor Lawrence Poniin. T￿￿1¢e and Director- Resigned 20.01.2021 Rita Chadh4 Tru5te¢ and Director Mr Uzma Ra¥￿. Trnstee and Direcior- Resigned 21.10.2021 Emma Louise Treleaven Trustee and Director- appointed ?5.102021 Liam Montgomer). Trustee and Director- 4)poinied 25.10.2021 Charity RegistraiioN Number 1071668 Companv Registration Number Oi509623 Registered Off￿e The Patish Centre Cardinal Heenan Centre 326 High Road Ilford IGI IQP Independent Esaminer KALOMART & CO ACCOUNTANrs External Examiners Unit 9 Blackheath Business Centre 78B Blackheath Hill London SEIO 8BA Page I EASTSIDE COMMLJITY IIERITAGE Trustees, Report The trustees. who are directors for the PUTP05es of company law, pr¢sent the annual repon wg>eth¢r with the finanrial Slatemen￿ of the charl￿b]e cornpan￿ for the >"ear ended ) l March 2021. Objectives and activities To promote. mainthin. improve and advance education by eTh¢ouraging and stimulaiing public unders¢anding and appreciation of the hisior¥ and contrmporm development of London and generallN to culiivai¢ and improve the study of London, in panicular but not exclusi¥el!' Ihroutsh th¢ pro&'ision of heritage based ￿TIVItIeS using mediums such &8 a¢ dram& exhibition, publi¢aiion. theatre liierarure, danc¢ and rnusic. To promoie good race relations by the provision of advice and prdctical support to individuals and groups engaged in any of the mentii)ned activiiies. Page 2 EASTSIDE CO.M.MU.NITY HERITAGE Trustees, Report Dirtttors Report Cowtring April 2020 to.Noi"ember 2021 This was a ditTicuIt vear the global pandemic COVID 19 meani that M'e ne¢d¢d to put COVID sar￿Y plan5 in place in th¢ office. We ￿'ere placed on full time furlough from March ?021 uniil Augus12021 when we rewrned io the oifice and were all w"orktng pan lime and on furlough w time. From August 2021 we picked up on a number of projects thai had been stsrted earlier in 2020 and adapied io mainl) online w'orking, and ￿orking from home. COVID safeTh" tneasures Here in pla¢e in ihe otrice this included social distaTti methods with colleagues and M'e ensured that we follow'ed all governm¢nt COVID safety guidelines. All work weni online M.here&er praciical and some projff￿ pui on hold until IT was safe to deliver. From (ktober we then again Ment on fulliime ￿rIoUgh until JanuaTh. ?021 where again w¢ r¢wrned to ￿'ork on a pan lime b￿lS for the rest of the Near. We managed to fully cornplete two projects Working (mline. siSTEMic featured below. and Becoming Becontree. In July we ￿'tre successful ￿"1th a nem projert funded bK the Grewer London Authority Shared Endeavour fund for 'Bo}' at the back of the Cla$5 (all fe￿ured below l the resi of our projeci H'ork was on hold. W¢ were successful with the National Heritage LorteTh" Fund emergenc). COVID funding and the National Heritage Lottery Fund digital grdni. siSTEMic Thi5 project worked in partnership w'ith Salmagundi Films and Newham Sthdium of Learning and was funded by Newhatn EnrichmeTri Grani. The projeci ￿OrKed *ith girls Ènd Noung ￿Ornen 10 creaie a social action campaign thai en¢ournged their peer5 LO consider a career in the STEM industries. Through video diaries. anirnation and filrn iheN' recorded their explordiion of hom jobs on the Queen Elizabdh Park have changed during peri¢)ds of industrialisation and de-industrialisation in Nw4ham. And ihe involvemeni of women during this growth. This fusion of parniers has enabled the STEM 5id¢ of creative arts to shin¢ through, combining inspiring stories and experken¢¢s of local people w.ith the PT(Kess and technological aspeci of film making. The project experienced some dela}'s due to sthff being on furlouoh. hO￿¢1'er sttured an exiension and continued all work online M'ith schools. The project delivered oier 20 online workshops a summer school workshop and produced a film which has been widely circUla￿d io schools throughout Tr4eM'haTll. Becomsug Beeontr¢e The main face to fwe elements of this projeci M"ere compleied before COVID 19. The project was funded by the National Lottery Heritage Fund io celebraie the eent¢n8r%' of the Becontree Estht¢ in Dagenham. through an oral history exhibition, a series of school's workshopk and reminiscence sessions. To Celebrate the cenrenaTr of the residenis into the Becontree estaie in 1921. we conducted over 10 oral history interviews w'ith residents who resided on the estste or have pr¢i.aousl!' lived at Beconrree, we rdn over 20 reminiscence sessions, school workthop& Working in parnership with LBBD archives and produced a website and online exhibition. Page i EASTSIDE CO.MMUNITY HERITAGE Trnstees, Report Btsy at the Back of the CIASS This projeffl was developed to enhance a￿.￿renesS of refuutts. challenge iniolerdnce and faciliraie comtnunity in¢lusion. It is based on the award-m itmin¥ children's bLM)k. 'The Boy at the Baok of the Class" b) Onjali Q. Rauf. The story focused on a group of friend's gro¥4 ing awaren¢$5 of ￿'hat 11 is like io be a child refijgee. after befriending and helping a nem who has joined their s¢h(K)l. The project rdn a number of school w'orkshops working Wlih a drama consultsni and produced teaching resources for Primwy. Key Stage Two. Y¢ars 5 and 6 which are fr¢¢ to use via the proje¢ts dedic*ed websiie. The project held a poster compeiiiion in all the ￿h0o]S. The competiiion was judged by the author- Onjali Q. Rau "l am so impre55ed by all the wonderful M'orks '"1 am so impressed b}" all the Monderful %'orks these schools have done with the kids on enhancing empathy and understanding for our ￿'Or1d'S refugees. All the posters ShO￿ed cotnpassion and a real insiJo Ji inco ￿hat Ahmei in The BOJ. at the Back of the Clw had io survive and endur¢. and l am so pmud of ¢￿eryOne who submitted their beauti￿[ artworks . Onjali Q. Rauf f Four projects were put on hold during this >"ear due w COVID19 and N"ill r¢start next }'ear. Chinese Fortune5- This project m.as ort hold due io Covid 19 Faiih io Faith - This PTojeci ￿'aS on hold due to Covid 19 Remembering Marks Gate - This projecT was on hold due to Covid 19 Lisiening to London working w'ith the MuseuTn of London- This project was reconfigured due to COVID 19 SthtTing for the veor ￿'aS greailj reduced during this period. Judith Garfield - Execuiive Director Karen Cruse- Deputy Direcior Andrea Dodd - Staned in October 2020 as the Communiry" Project OITicer We are in the process of delivering projects sraned in 20?0 and development stages to ensure that the collections is future proofed and accessible online. Judith Garfield MBE Executive Director Trnstee5 and officers The trustees and officers servins during th¢ j'ear and since th¢ )¢ar end were follows.. Trustees.. David Green. Tn￿lee and Direaor- Chair Lawrence Poniin, Trustee and Director- resigned 21.012021 Rits Chadh& Tnjsiee and Direaor. appoinied JO April 2020 Mr Uzma Ravat. Truste¢ and Direcior- resigned 21.10.2021 Emma Louise Treleaven Trusiee and Director- appointed 25.102021 Liam Montgomery Trusiee and Director- appointed ?5.10.2021 Page 4 EASTSIDE COMMLNITY HERITAGE Trustees, Report Chairnlan: airman David Green. Truscee and Director, Trusiee and Director Chief Execuiive Officer.. Judith Al￿¢ Naomi Gatfield- CEO Strueturery governance xnd management Vaiure ofgovernlng documeni Governing Document Eastside Community Heriiage IECH) is a charithble compan)" limited bN' guardnTee sei up and incorporaied in Februar)'1998 Iregistrdiion number Oi5096231. and became a re£isiered Charit) in England and Wales on 23 September 1998 and registration nurnber 1071668. The Company is govemed by its Memorandum and Articles of Association adopted on 23 September 1998. The trusiee5 are also directors of ihe charin. for the purposes of the Companie5 Acr. They are appointed or reappoinied annuall}" ai ihe Annual Genernl Board meeting. Appoinmjeni and reiirement of tru5t¢es are in accordance with the Anicles of Association w'hi¢h requires that appoinmjenr and retirement should be by ordanary resoluiion. All trustees give their time voluntaril). and receive no beneflts from the charity. Pag¢ 5 EASTSIDE COM.MLiNITY HERITAGE StatemeDt of Trustees, Responsibilities The tnJstee5 (who are also thc dircciors of EASTSIDE COMMUNITY HERITAGF. for ihe purptsses of otnpan}' law,) are responsible for preparine th¢ bustees, report and Iht financial staTemen15 in accordance wilh the United Kingdom Accounting Standards (Lniied kingdom Generalli" Accepied Accouniino Praclicel and appli¢able law and regulations. CompanN law requires the misiees to prepare financial 5ts1ements for each financial Negr. Under company law th¢ irusiees must noi approve the financial ststem¢nts unless the) are ￿11$fIed thai thes give a we and fair view of the stste of affairs of the charithble compan! and of its incoming resources and application of resource including its in¢ome and expenditure. for that period. In preparing these financial ststements. the are required io: seleci suitsble xcounting poli¢ie5 and apply them Consi￿¢nI]y- observe the meth¢)ds and principle5 in the Charities SORP: make judgements and estirna￿ are reasonable and prud¢nL state whether applicable U'K Accouniing Srandards hav¢ been followed. subjert ts) any Tnaierial departures disclosed and explained in the financial siatements- and prepare the financial $￿ements on the goino concern basis unless it is inappropriate io presume thai the haritsble company will continue in business. The trustees are r¢5ponsible for keeping adeqU￿e accounting records are sufficient io shom". and explain the ¢harirable compan J s transaciiofts and disclose w.ith reasonable accurac! ai an). time ihe financial Position of the charitable compan). and enable them io ensllre the f￿anCial sthiements COTnpl)' ￿1th the Companies Act 2006. They are also responsibl¢ for safeguarding the assets of the eharithble company and hence for thking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the tTusieeg of the charity ..21" December 2021.................. and signed on behalf by: David Green Chaimlan and trnstee Page 6 EASTSIDE COM.Mti.YITY HEIUTAGE Independent Examiner's Report to the trustees ol EASTSIDE COMMUNITY HERITACE ("the Compan! ) I rew)n to the chatiij. trus(ees gn m) examIn￿10n ofthe accounts of the Companv for the year ended 31 March 2021. Responsibililies and basis of report As the charity's tn]51ees of the Compan!. (and also its d￿CcI0rS for ihe purposes of compan) lawl you are responsible for the preparation of the ac¢ounrs in accordant¢ ￿ ith the requirements of ihe Companies Act 2006 ('the 2006 Act'l. Having ￿1SfIed myself the accounts of EASTSIDE COMMUNITY HERITAGE are noi required to be audited under Part 16 of ihe 2006 Aci and aTr eligible for independeni examination. I report in respect of my examination of your ehariry" s accounts as carrid oui under seciion 145 of the Charities Act 2011 i-rhe 2011 Act'l. In Catrying oui m) examinaiion I have followed the Directions oiven b!" the Charity Commission llnder section 14515Mb) of the 2011 Act. Independent exathiDer's stattmeni I have complered my examinat20n. I confirni no matters have come io my attention in connection with the examIn￿10n uiving me cause to believe-. l. ar¢ounting records were noi kepi in respect of EASTSIDE COMMUNITY HERITAGE &8 required by seciion 386 of the 2006 Aci: or 2. the accounts do not accord with those reciKds: or the accounts do noi ¢OTnply with ihe accounting requirements of Section 396 of the 2(M)6 Att other than any requir¢meni ihai ihe accounts give a 'tsue and fair view" w'hich is not a matter considered as part of an independent examination.. or 4. the ac¢ounis have noi been prepared in accordan¢e with the methods and principles of the Statement of Recommended Pra¢ii¢e for accountinu and reponino b¥ chariiie5 lapplicable to tharities preparing their actollnts in accordance with the Financial R¢wning Stsndard applicable in the UK and Republic of Ireland IFRS 102)]. I have no concems and have come acr￿ no other ma￿er$ in connection with the examination to which atteniion should be drdwn in this report in order to enable a proper understsndhng of the accounts to be reached. artin Nsiah BA ACCA Kalomart & Co Accountsnt Exiemal Examin¢r5 Association of Chartered Certified Accountsn Unit 9 Blackheaih Bu5ine5s Centre 78B Blackheath Hill London SEIO 8BA Dale.. Page 7 EASTSIDE COMMUNITY HERITAGE Statemen¢ of Financial .4ctii'ities for the l'ear F.nded 11 March 2021 {Including Income and F.xpenditure A¢¢oullt and S'¢alement vfTotal Reeognlsed Gxins and L055es) Total 2021 Toial ?020 Unrestricted R¢siricted N4tt Jncorne and Endowments from: Donarions and lesacies Other trading activities Inv¢stmeni income 87.810 87.810 i6.685 75 112,76) 42.96) i59 i6,685 75 Tothl income 87.885 124 570 156085 Expenditure on: Raising ￿ndS Charitable aciiviries Other ¢xpendiwre (i.i40} 16.7541 (14.2051 (63.0721 (17,5451 (69.8?61 {22.6801 (9i.0761 Totsl expenditure 153 371 Nei incomei{¢xpendiwre) Nei movement in funds 15.94) (i.i60} 12.583 2,714 Reconciliation of funds Totsl fund5 brought fon¥ard Total fimds catTied fonvard 18 All of the charity's aciivilies derive from continuing operaiicffis during the above Thvo periods. The funds breakdown for 2020 15 shown in note 18. The notes on pages 10 to 20 forni an inte￿] part of these financial stalements. Page 8 EASTSIDE COMMUNITY HEIUTAGE (RegistratioJJ Dumber: 03509623) Balance Sheet as at 31 March 2021 2021 2020 Fixed *ss¢ts Tangible asseis 14 11.761 11,761 Curreni awts Cash at bank and in hand 15 466.48i 457.128 Creditors: Amounts falling due *itbin ODe )'e•r Nel curr¢nl assets 16 440 202 Net assets Funds of tht charity: Restricted income funds Restricted funds 241,632 244.992 Unr¢strieted income funds Unrestricied funds 222914 206971 Totsl futtd$ For the financial Jear ending i l March 20? I th¢ ¢hariTh' was eniiiled io exempiion from audil under section 477 of the Companies Aci 2006 relating io small companies. Directors, r¢5ponsibilities= The members have noi required the charÈty io obtsin an audit of its accounts (or th¢ year in question in accordance with s¢¢tion 476.. and The direciors a¢kno￿ledge Iheir resFwisibiliiies for compl}"ing with the requirements of the Act with respe¢t to accountirtg records and the prepaAtlQD Or￿counts. The financial statements on pases 8 to 20 were approved b). the trusiees. and authorised for issu¢ on and si￿ed on their behalf b%"- David Green Chairman and trusiee The notes on pages 10 to 20 forni an iniegrnl part of these financial statements. Page 9 EASTSIDE COMMLThUTY HERITAGE Not¢s ¢0 the Financial Statements for the Year Ended 31 Mareh 2021 I Charity statu$ The charity is limited by share capital. incorporated in Wales. The address of irs regisiered otTsce is= The Parish Centre Cardinal Heenan Centr¢ i26 High Road Ilford IGI IQP 2 AccountlDg policies Summarv of significant aeeounting policies and kei aeeounling estirnates The principal atcouniing policies applied in the preparation of ihese finaneial stsiem¢nts are sei out below. These policies have been consisienil}' applied to all the vears presented. unless oth¢rwise sraied. Statemeni of eompliance Th¢ financial stsiernents have b¢¢n prepared in accordance with Arcouniing and Reportino by Charities.. Statemeni of Recommended Practic¢ lapplkcable io chartties preparin? their accounts in accordance wilh the Financial R¢poning Siandard applicable in the LTK and Republic of Ireland IFRS 10)11 (issued in (ktober 2019} Ichariiies SORP {FRS 1021), the Finan¢Kal Reporting Stsndard opplicable in the UK and R¢publi¢ of Ireland IFRS 102} and the Companies Ad 2006. B8515 of pre￿ration EASTSIDE COMMUNITY HERITAGE rneers the definition of a public benefii eniiiy under FRS 102. Asseis and liabilities are iniriall> recognised at hisiorical com or transaction value unless otherwise 51ated in the relevant accounting policy notes. Coing ¢oneern The irustees consider thai ihere are no material uncertaintie5 ab(Trui the charifj s abiliry. to continue as a going concern nor an) significant areas of uncenainTh" affect the carr% ing value of asseis held b>. the charity. Exernption from preparing a ¢45h no*" staiemeni The charity opted to early adopi Bulletin I published on 2 Febnw)" 2016 and have therefore not included a cash flow staiemeni in these financial siarements. Income and endowmtnt5 All income is recoonised once the charity" has ¢ntiilemeni tts ihe incotne. it is probable that the incorne will be received and ihe aTnounr of ihe income reteiwable can be measured reliablj. Gr4nts receivable Granis are rtto8nised when the charitv has an eniirlemeni io the fimds and any conditions linked to the grants have been met. Where performan¢¢ ¢ondiiions are artached io Ihe grani and are )'rf io be mei. the income is recognised as a liability and included on the balance sh¢¢i ￿ defe￿ed income to be released. Page 10 EASTSIDE commL￿1Ty HEIUTAGE Notes to the Financial Statements for the Year Ended 31 March 2021 Exptndttu All expenditure is recognised once there is a legal or constnJ¢rive obligaiion to thai expenditure. it is probable settlement is required and the amouni can be measured r¢liablN". All costs are allocaied to the applicable expendiDJre headtng that aggreoai¢ sirnilar costs io that cai¢gor)'. W'here costs cannot be direcil>' attribut¢d io particular headings ihe). hatre been all(Kated on a basis consistenr w'ith the use of resources, wilh Central staff costs allocated on the basis of lime spenL and depreciation chartse5 allocaied on the porti(Trn of the asset's Use. Other suppon costs are ailocaied b&sed 00 the spre￿1 of stsff costs. Raisinglunds These are cosis incurred in attraciing volunw. income. the managemeni of invesnn¢nTS and those incurred in trading activiiies that raise funds. Churit4Tble aciivirfes Charitsble expendirure comprises those c￿$ incurred b!" the charin. in the delii'er) of 21s acriviiies and services for its beneficiaries. li includes boih Co￿5 lh￿ can be allocated direulN to such activities and those ¢osts of an indirect nature neressary to suppon them. Support COSIS Support tost5 include central ￿nctIonS and have been all(Kated to acrivity cosi categorics on a basis consisieni 'ith the use of resources. for example. allocaiing propeTD' costs b). floor are￿ or per Capit& Staff Cosis by the time spenT and other costs b). their usage. Taxation The chariry. is ton%id¢red io pass the Tests set out in Paragraph I Schedule 6 of the Finance A￿ 2010 and therefor¢ it meets the defujiiion of a charitsble compani" for UK corporatiort tax PUTposes. Accordingly. the charity is potentially exempi frotn taxaiion in respecr of incom¢ or capitsl gains reCei￿¢d within cateoorie5 covered by Chapter i Part I l of ihe Corporation Act ?010 or Seciion 256 of the Taxation of Chargeable Gain5 Act 1992. to the exieni such income or oains are applied ek¢lusively w charithble purposes. Tgngible fixed 455ets Individual fixed assets oo5ting £0.00 or mor¢ are iniiiall! recorded at cosL less any subsequ¢nt accumulated depreciaiion and subsequ¢ni accumu1￿ed impainn¢nt losses. Depreei*iion and amorti581iOll Depreciation is provided on ￿ngible fLied &%sets so as io ￿TIle off the cost or valuation, less any estimated residual value, over their exp￿ed useful econornic life as follou's.- Cash #nd ￿$h equival¢ntS Cash and ¢ash equivalents comprtse cash on hand and call deposits. and other shon-iemi highly liquid investtnent% ihat ar¢ readily convertible to a kno*"n amount of cash and are subject to an insignificant r2sk of change in value. Pagell EASTSIDE CO.MML.%ITY HERtTAGE Notes to the Financial Statements for the Year Ended 31 March 2021 Borrowing5 Interest-bearing borrowines are iniiialli. recorded at fair value. nei of transaction costs. Inierest-bearing borrowings are subsequenilv carried at am(Trrtised COSL ￿1th the diff¢rence beN'een the proc¢¢ds. net of nsaciion costs. and the amount due on redemption being rttognised as a char.oe to the Sthiement of Financial Activitie% over the period of the relevani born)wing. Interest ¢xpense is recognised on the basis of the effective iiiter¢si method and is included in interesi payable and sxmilar chwg¢s. Borrowings are cl&ssifE¢d as current liabilities unless thc chariTh' has an uncondiikonal right to defer selllemeni of the liability for at leasi N'elve months afier the reporting d￿¢. Foreign exchange Transaction5 in foreign currencies are record¢d at the rdte of exchange ai the date of the transaction. Monetary asset5 and liabilities denominaied in foreign cwrencies ￿ the balance sheei dai¢ are reported at the raies of exchange prevailing & that the. The results of overseas oper&ions ar¢ wans]￿ed ￿ the average rat¢s of exchange during the period and their balance sh¢¢ts ￿ the rates ruling ai the balance sheet date. Exchan0¢ differences ariglng on translation of the opening net assets and resuli% of owerseas operdiions ar¢ reported in other comprehensive income and a¢cuMul￿e￿ in equity" lattribui¢d io non-controllirt8 interests as appropriaiel. her exchange differenc￿ are reCOgn￿ed in the Stsiemeni of Financial Activities in th¢ period lli which they arise ex¢ept for. l) exchange differenc￿ on trdnsafflions entered iT]io lo hedge certain foreign currency risks (see above); 2) exchange differences arising on gains or losses on non-tnonetsry i*ms which are recognised in other omprehensive income. and 3) in the case of the consolidaied financial sthiemeno exchange differences on monetary items receivable from or pa)'abl¢ to a forei￿} operaiion for w'hlch settlement LS neither planned nor likely io occur (therefore fomiing part of the net invesiment in the for¢ign operation). u.hich ar¢ r¢cognised in other coTnpreh¢n5iv¢ income and reported under equitj.. Fund structure Unrestrici¢d income fimds are g¢nernl fimds are available for use at the tsNstees' discretion in furrhet2nce of th¢ objectives of the charity. Restricted in¢ome funds are those donai¢d for use in a particular area or for specific purwjses. th¢ use of which is restricted io thai area or purpose. Finantial iD5trumertt% clas5ificolion Financial assets and financial liabilities are recognised when th¢ charity becomes a parry to the contractyal provisions of the instrument. Financial liabilities and equiry. insmJmenÈs are classifi¢d according to the substance of ihe contractual arrangem¢nrs entered into. A Th equit) insiwmeni is an>" contTaci thai evidences a residual interest in the asseis of Ihe charity after d¢ducting all of its Ihabilities. Page 12 EASTSIDE CO.ILML.NITI' HEIUTAGE Notes to the Financial S¢#¢emcnt5 for ¢he Year End¢d 31 M#rcb 2021 Reeognirion ondme4.suren￿l All financial assets and liabiliti¢s are initiall% measured at transaaion price {including transaetion ¢05ts}, except for ihose financial ￿sets classified as al fair value thrLNJgh profil or loss. ￿"hICh are iniriallw measured ai fair value (which is nonnally th¢ transaction price excluding rransaciion ¢os151. unless the arrangement con511tuies financing trdnsaciion. If an arrdn?em¢ni constiluies a fjnancing transaction. the flnancial assei or finaneial lability is rn¢asured ai the present value of the future paTrTh¢nts discounied ai a market rne of interest for a similar debt insirnment. Financial assers and liabilities are only Off$￿ in the ststement of financial position M"hen. and onlN' ￿'hen there exists a legally enforceable right to sei off the recognised amounts and the chariry. in￿ndS eiiher to settlt on a net basis, or lo realise the asset and s¢lll¢ the liability simultsneouslj. Financial &ssets are derecognised when and only when al the contractual rhghts w the cash flows from the financial asset expire or are settled. bl th¢ chariTh' transfers to another pam substsntialli all of the risks and rewards of oN￿¢r$hip of rhe financial aSS¢L or cl Ihe chari1>". despite having retained some. but not all. signifIcani rtsks and rewards of oM"nership. h&5 transferred control of the &85er io another patTr. Financial liabilities are derecognised onl). when the obligathtin specifi¢d in the contrxt is discharged. ¢an¢elled or expires. Page 13 EASTSIDE COMML)ITY HERITAGE Note5 to the Finxn¢Aal Stydtements for the Year Ended 31 Mareh 2021 Debt InStrUn￿￿￿ Debt instruments which meet ihe following condiiions are subs¢quenil)' measur¢d ￿ amortised cost Using the effe¢iive interest meihiKI.. {a) The contracwal return to the holder is {]) a fixed amount: lil) a pM)sitive flxed rat¢ or a posiiive variable rate: or {iii} a combination of a positive or a negarive fixed rate ond a positive variable Ate. Ib) The contract may provide for repa)Tnents of the principal or the retum to the holder Ibui not both) to be linked io a single r¢l¢vant obsetvable index of general price inflathon of the currency in which the debt insuwment is denoTninwed. provided su¢h links are not letretaged. Ic} The contract maN' provide for a deteminable variation of the return to the holder during the life of the instnllnenL provided ihat li) th¢ new Me saTLsfies condition la} and the variatton is not coniingeni on future events gth¢r than I l) a chants¢ of a contracwal variable rnte:121 to proieci the holder againsr credii deieriordtion of the issuer: 13} changes in levies applied bs a central bank or arising from changes in relevant ￿atiOn or law- or lill the new raie is a mat*et rnie of interesi and satisfies condiiion la}. Id} There is no contractual provision that could. by its ierni& result in the holder losing th¢ principal amount or any interest allributsble io th¢ Curreni period or prior period5. {el Contractual provisions that perniit the issu¢r to prepay a debT instrutn¢ni or pern]it the holder to put it back io the issuer before maiuriN are not contingeni on future Cien￿ other than to protect the holder against the credit deterio￿lon of the issuer or a change in conm)l of the issuer. or io proieci th¢ holder or issuer against changes in levies applied by a ¢enrrnl bank or arisin- frorn Changes in relevant ￿￿allOn or la￿. {1) Contractual provisions may permit the extension of the t¢mi of the debt insttument. provided that the return io th¢ holder and any other contracwal provisions applitabl¢ during ihe extended iemi satisfy the conditions of paragraphs {al to 1¢). Debt insrrurnents thai are cla55ified as pa%able or receiwable w.ithin one on iniiial recotsnition and ￿h1¢h meet the above conditions are measured ai th¢ undiscounted amouni of the cash or other consideration expecied to be paid or received, net of impaim)ent. With the ex¢eprion of some hedging instruments. other debt insmiments noi meeting thes¢ conditions are measured ai fair value through profll or loss. Commitments io make and receive loans which rntti the condiiions mentioned above are measured at cost (which may be nil) less impairnient. Involmen15 Inv¢stm¢nts in non-convertibl¢ preference shares and non-pullable ordinarj. or preference shares (where share5 are publicly rraded or their fair value is reliabl!. measurable) ore measured ai fair value through profit or lols. Where fair value cannot be measured r¢liabl%'. investments are measured ar cosi less impairm¢nT. Investm¢nts in subsidiaries and aswiaies are measured ai cost less impaimient. For investments in subsidiaries acquired for consideration including the issue of shares qualifiinu for m¢Tger relief. cost 15 measured by ref¢ren¢e to the nominal value ol the shares tssued plus fair value of other conside￿lon. Any premiutn is ignored. Page 14 EASTSIDE COM.ML'NITY HERITAGE Notts to the Finanei21 StAt¢ments for the Year Ended 31 March 2021 Der¥v4tivefInottci￿ instr4111ents Th¢ charit%. uses deriva(ike fman¢ial instruments ro redu¢¢ exposure to foreign exchange risk and interesi rdie movements. The chariTh does not hold or issue deriv￿1￿¢ financial insTTuments for speculative purposes. Derivativ¢s are initially recogni5ed at fair value at the d*e a derivwive conTrct is eniered into and are subsequ¢ntl) remeasured io their fair value ai each reporting d￿t. Th¢ r¢suliin2 gain or logs is re£ognised in statemeni of financial aciiviiies immediatelN' unless the deriiati%'e is designated and effeciive as a hed8in8 insrrumeni, in whieh eveni the timing of the recouniiion in swemeni of financial aetiviiie5 depends on the nature of ihe hedge relationship. Fair val4e measuremeni The best evidence of fair value is a quoted price for an id¢nii¢al asset in an active market. When quoied prices are unavailable. Ihe price of a recent transaction for an ideniical asset provides evid¢nce of fair value as long &s there has not been a signifioni chang¢ in economic circumsTantes or a sionificoni lapse of lime since the transaction look place. If the markd is noi aciive and recent transaciions of an identical asset on theiT own are not a good estEmate of fair value, the fair value is estimaied b), using a vaiuwion ￿hnIque. 3 Ineotne from donations and leg#eies Unresirieied funds General Restricted futhds Total funds Grants, Èncluding capi￿] grants: Grdnis from other charities Toial for 2021 Total for 2020 4 Income from oiber tradiTrg activities Unrestricted funds Genernl Total funds Total for 21121 Total for 2020 5 Invoiment income Unrestricted funds General Restrirted funds Total funds Oiher investment in¢ome 75 Total for 2021 75 Total for 2020 Page 15 EASTSIDE COMMLNITY HEIUTAGE Notes to the Financial Statements for the Year Ended 31 March 2021 O Expenditure on rnising funds Costs of trading acti￿111e5 Unr¢slri¢ied funds Genernl Restricted funds Total funds Ntsie Cosis of goods sold AlloCa￿d support costs 887 887 Total for 2021 Total for 2020 7 Expenditure OD ¢h8rit#ble #etivities Unrestricted funds Genernl Resirieted fuDds Total funds Noie 2.999 60.073 2,999 60.073 StatTcosis Allocated support costs Total for 2021 Totsl for 2020 Page 16 EASTSIDE COMMtiNITY HERITAGF, NoÉ¢s ¢0 the Financial Statemenis for iht Year Ended 31 _Mareh 2021 Unresiric(ed runds General Resirlcted funds Totsl fuNd5 8 Other Expenditure Staff cosis Wages and salaries Independenr examiner fees Examination of the financial s[￿ements Alloca(ed support costs Note 13.i17 13,317 2.100 2.100 651 Total for 202 1 Totsl for 21120 9 Ntl ineomingloutgoing resources Net incoming resour¢¢s f￿ the J'ear include.. 2021 10 Trnsiees remuneration 4nd expengts I I Staff costs The awegate pawll costs were as follows: 2021 2020 S¢aff costs during the >'ear w¢re: Wages and salaries No employee received emoluments of more than £60.0￿ durints the )'ear. 12 IndepeDdetti examiner's r¢tnuneraiioD 21121 2020 Examinaiion of the flnancial wtements Page 17 EASTSIDE CO.M.MLNITY HERITAGE No¢¢5 to the Financial S¢4t¢ments for ihe I'exr Ended 31 Mareh 2021 13 Toxation The chariry is a regisiered charity and is th¢r¢fore exempt from tsxation. 14 Tangible fixed assets Furniture and equÉpment Total Cost At l April 2020 At 31 March 2021 224 Depreciation Ar l April 2020 At 31 March 2021 Net book value At31 ma￿h2O21 At 3 1 March 2020 15 Cash and cash equii'akTrts 2021 2020 Cash ai bank 16 Creditors: amounts fAlling due wiihin otse vejr 21121 2020 Other taxation and ￿¢tal secwity Oth¢r ¢reditors Accruals 6.97i 14.229 222 4.625 Page 18 EASTSIDE CO.ILMLNITY HERITAGE Notes to the Financial Statements for the Year Ended 31 March 2021 B*l*Nce at I April 2020 IDCODIIJIR resource5 R¢50urces expended Balance ai 31 March 2021 Note 17 - Unrestrieted funds General 206.971 36.685 (20.7421 222.914 Restricted funds Total funds B*l#thet at A April 21119 Incoming Resources expended Balanet #t 31 March 2020 Unrestricted funds General 178.683 89.118 160.8iO) 206,971 Restricted fund5 270 566 244 992 Total funds 18 Analysis ofnet ass¢ts between funds Unrestricted fuDds General Total funds at 31 March 2021 Resirieted funds Tangible flxed &ss¢is Current assets Current liabiliiies 72.224 160.463) 466.483 11.761 466,483 Total n¢t ￿sets Unresiridtd funds General Total funds at 31 M¥4r¢h Restri¢¢¢d funds 2020 Tangible fixed assets Current a$5¢rs Current liabiliiies 12.9401 149.i98 16.926 14.701 307.730 11.761 457.128 Tothl nei assets 19 Analysis ofnet funds FinanciDg cash At 31 March 2021 At l April 2020 Cash w bank and in hand 457 128 457 128 Net debt Page 19 EASTSIDE COM.MLJITY HERITAGE Notes to the Financial Statements for the Ye*r Ended 31 March 2021 Fittxncin% cash IIoY*'S At 31 Mareh 2020 At l April 2019 C&sh at bank and in hand Net debt 44 Page 20 EASTSIDE CO.MML,NITY HERITAGE Detailed Stalement of Financial Aetii"ities for the Year Ended 31 March 2021 Total 2021 Tot#1 2020 INtoJne and Endowments from: Dona(ions and legac1￿ lanalNsed below) Oth¢r trading aciiviiies lanalvsed below) Investment incotne (anal}'sed below} 87.810 112.763 42.96) 359 75 Total income Expenditure on: Raising funds lanalvsed below) Charitable actlvilies lanal}'sed below) Other expendithre lanalysed ￿lOw) 117.5451 169.8261 (22.680) 19i.0761 Total expendiiure 111987 153 371 Net income Net moveTn¢nt in funds 12,583 2,714 Reconciliation of funds Total funds brought forward Total fvnds carried forward Thi5 page does noi forn) part of the statutori. financial sraiements. P￿e21 EASTSIDE COMML NITY HERITAGE Detailed Statement of Finaneial Adivities for the Y¢ar Ended 31 March 2021 Total 2021 Total 2020 Donolitsns 4ndlexucie5 Grants- oiher agencies Grants 87.810 66,967 Other Fundrqising artiw.iies Sponsorship Inv¢slmeni income Income frotn other investments Income from other invesimens 75 Rai5ingfMnds Materials Wages and Salaries Rent {887) 12.597) {i,5521 Wages and Salaries Reni and rates Advert15ing Advertising {li.i181 (2,2491 (1.1901 Charilable octiviiies Wages and salaries Training & Recruhtsnent cost Travelling Rent 160.0731 16.7541 {61.2411 {25.1961 (1,9031 her £Ypendli#re Waues and salaries Wages and salari¢5 Reni and raies Insurance Telephone and fax Telephone and f OtTice expenses OtTice expenses Printing. postage and siationerv 113.)17) 118.959) {i.552) {858) {4,327} (2.079) {1.266} 1291 140} 12,249) (1,282} {173) 1443) 16421 1351 This page does fortn parr of the stawiory. financial stsiemen Page 22 EASTSIDE COMMLYITY HERITAGE Detailed Statement of Fin&D¢i41 Actll"Aties for the Yev4r Ended 31 March 2021 Total 2021 Total 2020 Printin& postage and swionery Accourttancy fees Depreciation of otTice equipment I1.0￿) 12.1(K)I {1,1901 {2.4751 This page not foTm pan of the stsnnory financial ststements. Pag¢ 2)