Compan}. registration number.. Oi509623 ChariN regi51ration number.. 1071668 EASTSIDE COMMUNITY HERITAGE IA compan) limit¢d b), guardniee) Annual Report and Financial Sthiements for the Year Ended 31 .IAarch 2023 KALOMART & CO ACCOUNTANTS Exiemdl ENatniners First Flooi 2 Market Place Berniondsey London SE163UQ EASTSIDE COTrIIILNITI' HEIUTAGE Contents Ref¢rence and Adminislrniive Details Trustees, Report 2to5 Statemeni of Trnstee5' R¢sponsibiliiies Independent Examinerfs R¢pon Siaiemeni of Financial ActLVlties Balance Sheet Notes to th¢ Financial Ststements IOto20 EASTSIDE COII_NILNITY HERITAGE Reference and Administratij'e Details Chairper50JI S Jacobs Chief Exeeutii"e Officer Mrs JAN Garfield. Chief Execuiive Officer Trustees E Treleaven T Saleem S Ja¢ob5 G Jones. Honorar%' Treasurer L Montgomery. J Callanan Charitv Registration f¥umber 1071668 Companw Registr4tion Number 0)509623 The charit)" is incorp￿ed in England & Wales. Regisiered Office Trinity Communit). Ccntre East Avenue London E1265G Independent Examiner KALOMART & CO ACCOUNTANTS External Eiarniners Firsi FI￿r 2 Market Place Bernionds¢N' London SE16 JUQ Pag¢ I EASTSIDE Co￿1}1[￿1Ty HERITAGE Trnslees, Report The irustees. who are director5 for the purposes of cornpanv law. pr¢5¢ni Ihe annual r¢port togeiher with the financial gia*menis and auditors, report of the charttable company for the year endvd 31 March ?023. ObjecliTh'¢s and aciivilies Ohjecis To promoie, mainiain. improve and advance edueaiion bv encouraging and siimulaiino public undersianding and appreciation of ihe histor) and coni¢mw)raTh de%elopment of London and generalli io cultivaie and improve the studs of London. in panitular but nor e.Kclusii'el! through ihe proi'i5ion ot her1￿(Te based activities using mediums such as art. drdma. exhibition. publication. thea[￿ Iiieraiuie. dance and niusic. To promote good race relations bv the provision of advice and practical support to individuals and groups engaged in ank of the m¢niioned activities. ObieLlii￿. uruieglei &ndoaii'iiies Our strategic ainis for the Charits. whieh ￿ere developed three Jears ago have been met this year. The orljanisaiion has made progress in ihe folloM"in(p areas_. Recruiting n¢w (rustees Rel￿atin2 ihe oigani5ation Receiving lundine to open ihe archive to be accessible online Covid recoverw and building7 llp the ststf team NeM' Trustees: Our prioriri. Ihis year was to recruit new trustees including a new Chair and Treasurtt, and we were pleased to be joined b> three new iru5tees. The!. haie all made a valuable contribution io the organisaiion and their experience and knowledge hafve enabled the Organi￿j0rt TO Ibork on a Swdtegic N'i%ion. plan and sustainabiliry. Relocation: ()ne ot. our major aims after COVID was io relocate and find pr¢mises that met our needs and enabled the organisaiion io open up ih¢ archi*e io more in-p¢rson %'isiis. Afier m3n% i ears in Ilford. ￿e rn0￿ed 10 School 360 in 5trdtford and the Triniij Centre in Easi Ham. These N'enlles enabled us to develop links w.ith lo¢al communities and ensured that the necds of the sthff and visiiors Here rnet in premases thai w'ere accessible and comfortable. Page 2 EASTSIDE COM.ML SITY HERITAGE Trusle¢5' Report (continued) Projects: R¢mLmberin. Marks (Jatc and North Chadiiell Il¢ath ProjecL Our project Rem¢tnbering Marks Gate and North ChadM¢ll Heath explored th¢ recent history of the area. as told bs ihe people M"ho like there. The proj¢ci Morked in parmership w iih North Meets South. we collecied oral hisioTh' iniern'iew's N'ILh local people. ￿h0 recalled iheir memories and experiences of both areas. from ihe end of Ihe Second W'orld W'ar to the present da).. Over summer of 2022. Iv¢ ran WOTk5hops ai The Warren School about the heritage of Marks Gate and North Chadwell H¢ath. using our ordl hisiories to share w'hai life Mas like in Mark's Gale and Nonh Cha￿￿e&l Heath in the 19505 and 605. We later ran Morkshops w.ith communiTh" group5 in ihe area io co4esign a pop-up exhibition. The exhibiiion was laun¢h¢d in Febrnar%" ￿'1th over 50 local peopl¢ allending alon&i w ith pupils from WaTTen school. We have now released the project digitall¥ on a project M'ebsiie. Tubular Bt115 #nd Copper FloM"er5 Project Our Tubular Bells and Coppu Flow¢rs Project told the 510r%' of the ¥olunt¢¢r perforn)ers in th¢ London 2012 Olvmpic and Paral¥mpic Openin(p C¢remonies. In oral histories. the)" described iheii eilraordinary experiences of these hisioric events. from ihe audition process io the Èmpaa of the Ceremonies in Newham. During the Spring of 2022. H"e An a series of creatii'e workshops ￿1th communiry. groups around Newham in which we shaTed our sound clips and phoios io inspire anM'oTK- based on memories of ihe 2012 Opening Ceremonies. The arNo)*s made in our WOTkshops later feanjred on banner5 designed io celebrare (he Ioih anniversarv ol London 2012. which were displaied in park.s around ￿e￿.haM over ih¢ summer and featured in the -celebrating 10 )ears' festival in the Queen Elizabeth 01)Inpic Park. Weltome Project The project is %401king with a group of refug¢e5 and new arrivals on a prI￿raMMe of welcoming trips to places (Trf leisure. and culture around Nemhatn w'iih fun acti% ities and a chance io imprO￿e their language skills and leam aboui the history of rhe place. The uroup has i isiied Ro!"al D￿ks. London Sthdium and West Ham Unii¢d, Thames Barrier Park and we hai e a numt)er of other rrips planned neit !"ear. Cltsse Knit project For this project. ii"e intervieM'ed crafier5 living or workints in Newham about their crafting memories and heritage in oral hisiories inter% iem's. We also vi51ted communill uroups ai Trinity. Communin Cenrre. The Well Bonnv Downs Community. Cenire and The Gate LibraTh. work-ing closeli" ￿ iih the Siiiches in Time embroidery group and the Ekia Project. Page i EASTSIDE COM.MLNITY HERITAGE Trustees, Report(Continu￿) A Home Fli To Lii"e in Proje¢1 Th¢ projcci started in March f(Kuses on honie5 h￿￿1￿￿1 in Cannini* Tomm in the 196Qs and 70s. Made possible bv The National Lotteri Heritage Fund. th¢ project M ill b¢ ini¢Th lem ing Canning Town residentg ahout .hat life ￿a5 like living in Cannin¥ To￿￿ ai Lh￿ lime. Th¢s¢ oral hisiories H ill be added ro EasTside s public archive and form the basis for an ¢xhibiiion. Meb5ire. and series of workshops M iih ¢ornmunit)' groups and young people. io preserve and ¢elebraie the historic role of Canning To￿n in housino living ¢ondiiions. polic) and improved Unseen London The project delivered a M'alking tour of the 01)Thpic Park and an exhibiiion tellin£ eih story of eth volunteers ho pertom)ed at the opening reremonN of the London 2012 oam¢s. The project ¢¢lebraied the tenth anniversary of London hostin¥j ihe games in Strarford and in eih OINmpic Park-. Otrer thirt) people attended ihe walking tour and ihe launch of the exhibition at the vie￿ Tube in Straiford. Secre1$ Shared: Unlocking hidden hisio In Febwarn. ￿t wer¢ pleased to be successful ￿1th a grani from The National Loner%' Her1￿¢ Fund for a exciting heritsge projKT. -Secreis Shared= Unlocking hidden hi510 The project focuses on enablin¥F online access io oral histories. phoros. kideos. and memordbili& provided b! indi￿ldual5 living and working in London from 1915 10 Ihe preseni da). This has been one of Iwr main strategic aims for several year5 to open our vast collection to the communii!. and mak¢ the Clilleciion rnore accessible online J CJarlield- ExecuiiNe Director K Cruse- Deputj Director F Hop¢- Digiial Communitv OtTicer Achievements and perform*nce Financial re￿ie￿. The Charity. s Income £55.831 12022= £106.8421 and a planned deficit of £99.078 was incurred12022.. 1£ 2J.82711. The bulk of expenditure was on the three 5tsff salaries. and oiher cosis included rent. ingurance, and materials for projects. Income reduced a% recover¥ from Covid coniinued and fa¢¢-io-face deli%er) had noi returned io nornial for the whole N'ear. The ChariN also fac¢s a compeiiliTr'e fundraising eni ironmeni. though has established an improved pipeline of granis le.g. Lotter).) and commission5 for 202i-24. At year-end. (he organisation had reseTh'cs of £i41,641 including £219.945 unr¢stricied funds. The Board of Trustees aim to increase the t￿￿O¥Cr of ihe Charirv io ai leasr £iOO.(M>O and TO diversifK its funding base. At preseni and as identified in the Risk Register. the ChariTh' s fundino is often shon-iemi. proje¢1 based. and muoh is Ne￿haM-orlentated. In the fuiure. The ChariTh will build on i15 excell¢ni irack record and reputaiion. and seek more mulri-}'ear funding, and ponnerships in oth¢r boroughs too. Th¢ Chariis aims to keep its unrestricted reserves in ihe range of 6-8 monihs of iumover. ReseTh'es are required ro.. prokide a conringenc! against fundino 'ups and dow"ns' and last-minuie decisions,. pa}" for decommissioning should the ChariiK have io close {e. redundancy. re-locating ihe archive). P￿t4 EASTSIDF. COM.MI"NITY HERITAGE Trustees, Report(continued) Siructure. Covero8n¢e 4nd Management 'tslure of%overNing doC¥n￿nI Governing Do¢ument F.asiside CommuniiN. Heritaoe IECHI is a chariiable compan!, limiied b). guardntee set up and incorporated in February'1998 Iregisiraiion number Oi50962Jl. and became a reuisiered Charity in Entsland and Wales on 23 Sepiember 1998 and regLStralion number 1071668. Th¢ compan J is govern¢d b%. its Memorandum and Artlcles of Association adopted 2) Sepiember 1998. The trustees are also directors of the charit%" for ihe puoxises of the Compantes Art. 'Ihe!' are appointed or reappoinied annuallv at the Annual Generdl Board meeting. Appoinimeni and reiiremeni of trustees are in accordance with ihe Articles of Ass(xiation uhkch r¢quirts ihat appointmeni and reiirernent should be by ordinary resolution. All ￿slee5 gile their tÉme voluntaril) artd receiie no btnefits from the charit).. Di5c105ure (bf informaiion to External EIAmiDer5 EdLh rru51ee has taken slep5 thai the! outsJ)i to hai'¢ tak-en as a tntstee in order to make ihemsel%es a￿are of any relevani audil infoTmaiion and io establish rhar ihe charih s auditor is a￿are of thai infom)aiion. The trnstees Confirn) thai ther¢ is no relevant infonnaiion thai the) know of and of m.hich the!. know the auditor is unaware. Srnall cOm￿nIeS proi'ision statement This report been prepared in accordat)¢e with the srnall companies iegitne under ihe Companies Act 2006. Trustees who alw s¢r¥ed during the )ear E Treleaven- Trnstee R Chadha Trusiee - resioned iO.04.2022 T Saleem - appointed 14.04.2022 S Jacobs (Chairl appointed i l.01.20fj" G Jones. Honorar! Tre&sllr¢r- appoinied i l.01202i L Montgornerv_ Twsiee J Callanan Trustee - appointed i l.Oi.202) Page 5 EASTSIDE COMMLNrrY HERITACE Stxtement of 'frustees' Responsibilities The (who dre also the dirrclory of EASTStDE COMMUNJ ITY HERITAGE foi the putprt$o% of comp9ny li*) *e reswnsible for prepartttg the rwstees, repon aDd the financial sthiertkttls iti 4ceordEnc¢ with applicable Ivlw and Uni(ed Kingduwn Accounung Standard5 (United Kingdom Generally Accepted Actouniing Praetieel, including FR% 102 'The Fitianeial Reportiti8 Standard 4)plieabk in the UK and Republic of Ireland" The report and aecounts have been prepared in aecorthce with ihe provisions in the Companies Acr 2006 relating to 8mall companies. Company law require5 the trustees lo prq￿re financial 5taicmen15 for tsch fitlancial yur. Under ¢nnip4ny law the trnSte￿ must noi 8pprove the financtal statcments unlw thev are salisfied that they give a true and fair vicw of th¢ st8t¢ of affasTS of the eliaritable company of thc incoming rtwJrce5 and applicaiion of resources, i￿ludIng sts income and exw)ditur< of the charitable ccmpany for that pert(xl. In pr4￿rIng Iliese financial statement5. Ihe tnjsttts are required to.. 5¢1EGt suitabl¢ x¢routttin8 kN)licies and An)ly thcm ujnsislently. ob8¢￿¢ the methods and prineiples in the Chariti&s SOIIP. make judgements and &stimatcs ihat are re￿nable and prudcnt: sute whelher applicable aeeounrin£ stattdard% coinpnsillg FRS 102 have been followtd. Subject to Sily tei'ial departures di*l(K8ed and explained the financial statements: and prepai'e the fitwici&l SialEments on Ihe going corwn b33is it 1$ inappropri&(e to presurtle that the charit&blc company will rontinue in busithess. The tTUStees art rc¥pvt551ble for keeping PToper arr(KuJting records that caD disclose with T¢&8onable accurdcy aL 20y lime thc financial p05ii&on ofthe cha.-I13ble company armi cnabk them ty ensure th8t die finanfyijl 5tAl¢mertlS comply with the Companies A¢( 2(M)6. Th¢y az¢ also r¢5poL8ible for safcguarding the assets of tile charitabl ¢ompany and hence for iaking reasonable sws for the PTty'en(ion and detectiOT5 of frdud and other irre8ularitses. The Injslees are rt$￿1￿81bk for the mainltnance and llLLe8rity of the corpotate and financial snformatlon included on the Charitable COMpan￿S websik. LLgislalion 8OVernLDB thc prepar&tion and dissemindtion ol fEnancial statements may diff￿ frortl le8151ation in othu jurisdiciioTrs. Approved b) lh¢ trust¢¢s of the chariiy on.......... ..and signed 4)n its behalf by: S Jacobs Chairpel￿n tttd Trus￿¢ EASTSIDE CO.M.MLNITY HERITAGE Indepeudeni Examiner'5 Report to ihe trnsiees of EASTSIDE COMMIII%ITY HERITAGE ('the Comp#ui"') I repon io the charity, ￿￿slee5 on m>. ¢xamination of the acCI￿rtts of th¢ Compan) for the )'ear ended 31 March 21)2i. This repon is made solelN to the charity s t￿Ste¢s. as a b(¥Jv. in accordan¢e u'ith section 14) of the Charities Aci ?01 l. MJ work has been undertaken so thai I miehi stsie to ihe eharity, s trustees those matters l am required to state 10 them in this report and for no oiher purw)se. To the ￿11¢$1 extent perniitted by la￿. I du not accept or assume ie5ponsibiliTh rl) an%one other than ihe chariN and th¢ Charity. s trustees as a bod).. for my worl f(Trr this reporL or for the opinions I have formed. Resptsnsibilities and basis of report As the charit) s irusiee5 of the Compan!" land a150 irs dire¢iors for the purposes of ¢ompan! lawl you are responsible for Ihe preparaiion of the acwunrs in accordance w.ith ihe requiremenis of th¢ Companies Act ?006 {'the 2006 A¢t'}. Havinsi saiisfied myself that th¢ accounts of the Compan), are not requsred io be audiied under Part 16 of the 2006 Aci and are eli. uible for independent eiamination. I report in respeci of m) examination of N'our ¢harit!'s accounts as carried out under 5¢ciion 145 of the Chariti¢s Aci 2011 ('Ihe 2011 Aci'i. In carrving oui my examinaiion I have folloMed the Directions giyen bi. the Charit% Cotnmission under section 14.$1S Kb) of the 201 I Act. An independeni examinaiion doe5 not in%ol%¢ ￿he[in￿ all the e% idence that ilould be requir¢d in an audit and consequentl J. does noL Cover all ihe matters thal an audiior considers in £1% ing their opinion on the accounts. The planning and conducr of an audit goes belond ihe limited assurance ihai an independent examination can provide. Consequenil>. l express Tro opinion Is to ￿h¢iher the accounts present a -true and fair, view and my report is limiied io those specifjc mallers set out in th¢ ind¢pendeni eiaminer s siatemeni. Independent exaThiner'$ statement I have cornpleied m% e.Kaminaiion. I confinn thai no matters have come to m> atteniion in conneciion with the examination giving me cause io believe.. accouniing record5 wer¢ noi kept in respeci of EASTSIDE COMMUNITY HERITAGE Ls required by section i86 of ihe 2006 Act- or 2. the accounis do noi accord wilh ihose records.. or i. the accounis do not complN' M'ich Ihe accounting requiremenis of 5¢Ction i96 of the ?006 Act oiher than an}. requiremeni that ihe accoun15 ui*e a -true and fair viem M'hi¢h is noi a matter eonsidered as part of an ind¢pendeni eAaTnination; or 4. the accounis hatre not been prepared in accordanc¢ M iih the meih(NJs and prineiples of Iht Siaien)eni of Recommended l¥actice for accouniints and reporting b! charities lapplicable io chaiitie5 preparing their accounts in accordante w.ith rhe Financial Reporting Sw)dard applitable in ihe L.K and Republi¢ of Ireland IFRS 10211_ I have no concerns and have come across no other rnattery in connection ii'ith the examinaiion io which atteniion should raHn i this repon in order to enable a proper unders￿￿din￿ of the accounts io be reached. Nsiah B4 FCCA Kalomart & Co Accountants Chartered Accounrants First Floor 2 Market Place London. SE16 iUQ Date.. Page 7 EASTSIDE COMMLNITY HERITAGE Statement of Financigl Actii"ities for the l'ear Ended 31 .March 2023 {Includin% Incom¢ aud Expendilure Aceoullt and Statement of Total Recognised Gains and Losses) Total 2023 Tota 21122 nresirieted Resiricied Tr¥ott Income and EndoTrrneNts: Voluntary Income Activities for generaling funds 4 InNesimeni income Other income 7.820 20.702 17.053 28,522 27.183 126 61.067 20,734 10.lio 126 25.020 Total income 18.076 37.755 55,831 106,842 Expendiiure tsn: Raising funds Chariiable activities Suppon Expendiiure (5.6201 110.79il (15.909 (8,192) 1110.803) {23.4111 (78,8171 (28,441) (121.-$961 19,501) Toial Expendiwre ()2.?22 122.587 1154,909L. 130.669) Net Expenditure 84.8i2 99.078 (23,827} Nei movement in fvnds 114 ?461 184.8i2) {99.078) 123,827) Reconeiliaiion of funds Total funds broughi forward Total funds carried forward 2J4.191 206.528 440.719 464.546 219.945 121.696 341.641 440.719 All of the charit) s activities d¢rii'e from continuing opernions during the a￿l'e No peri(Mls. The funds breakdO￿.n for 2022 E5 shO￿n in noie 18. The notes OTh pages 1110 21 fonn an in￿g￿l part of th¢5e financial 5taternents. Page 8 EASTSilDE COMMUNITY HEIUTAGE {ReRistratlon number: 03509623) Balance Sheet As al 31 March 2023 2023 2022 l%ote Fixed &￿et5 Tall￿ble assets 14 7,-527 Curreni assets Debtor5 15 4,000 43? 996 441.996 Cash at bartk and in hand 10 366,671 Credltor$: Amounts falllns due wlthlu ODe yexr 17 Net eurremi assets 433 192 Funds of the tharlty.. Rtstritted inc. ytAtUS The charii}' is limited bj. guaraniee. incorpordted in Wales. and tons¢quentl)' does noi have share capital. Each of ihe ttustees is liable to conttibute an amowii not exceeding £5 towards the assets of the ¢h8fiTV in ihe event of liquidation. Tht address of its regisiered 0￿1¢¢ is- Trinitj Comrnuniiv Cenire Easi Avenue London E12 6SG 2 Accounting policie5 Summar)" of Significant 8£countinE policie5 and kei aceouniing estimates The principal accounring pollcies applied in the preparation of ihese financial stsiemenis are set out below. Th¢% policics have been con5istenil￿ applied to all the lears pr¢s¢nied. unless otherwise stated. Statement of compliance The financial siatements have b¢¢n prepared in accordanc¢ w'ith Accouniing and Reporting b). Charities= Siaiement of RecotnmeRded PrdCLi¢¢ lapplbLdbl¢ iv chariiies preparing their accounts in accordance with the Financial Reponing Standard applicable in th¢ UK and Republic ot- Irtland IFRS 10211 Iis5ued in Ociober ?019} (Charitie5 SURP {FRS 10211. The Financial Reponing Standard applicable in the LK and Republic of Ireland (FRS 1021 and the Companies Aci 2006. Basis of prepar8tion EASTSIDE COMMI,'NITY HERITAGE m¢eis Ihe definition of a public benefii eniilk under FRS 102. Assets and liabilities are iniiiallv recogni5ed ai historical cost or transaciion Nalue unles5 Otherwise siaied in ihe relevant atcounting polic) notes. Going concern The Trustee5 consider thai there are no m￿erIal uncenainries atrK)Ut the charitv's abiliw to continue as a going concern nor any significant areas of uncertainty. aff¢a the carrying value of asseis held by the charity. Income and end0￿MentS All income is recotsni5ed once the charity has eniitlement io ihe income. it is probable that the income will trt receiN'ed and the amount of the income recei￿able can be measured reliabls.. Cash donaiions are recogynised on receipi. Other donations are wognised once the ChariL¥ has been noiified of the donation unless perfom)ance condiiions require deferral of ihe amount. Income ￿ recoverable in relation io dOn￿lon$ received under Gift Aid or deeds of covenani 15 recognised at the time of th¢ don&ion. Gronts receivuble Grants are recognised when the chariii has an enTLilemeni io the funds and anN tondiiions linked to the granis have been met. Where perfomiance conditions are atwhed io the grani and 3r¢ io be meL the intom¢ is recognis¢d as a liabilit} and included on Ihe balance sheei as deferred income io be released. EASTSIDE COMML TIITY HERITAGE Notes to the Financial Statements for the l.ear Ended 31 Mareh 2023 Expendiiure All expendiiure is recoiinised once rhere is a le(pal or Consts￿¢t1*e oblisation to that ¢xp¢ndilure. il i5 probabl¢ settltmeni is required and the amouni can be measured reliablK. All costs are allocated to ihe applicable expenditure heading ihai ￿(s￿rethale similar costs io that eateoor%. 11.'here cosis eannoi be directl). attributed lo particular headinus IheN have been all￿aled on a basis consisienr Miih the use of resour¢¢s. with cenirdl staff costs allocated on the basis of titn¢ speni. and depreciatÈon charges all￿ated on the portion of the asset-s use. Other suppon costs are allocated b&8ed on the spread of staff costs. Rui5ingfunds These are c051s incurred in allraciing voluntsTh income. the manatsemeni of investmenis and those incurred in trading a¢iivitie5 that rahse funds. Churiiuble acliviiies Chariiable expenditu￿ comprises those Co￿5 incurred b! ihe chariTh in the deli*eTr of its aciiviiies and services for lis beneficiaries. li Includ￿ boih cosis th￿ ean be all￿ated dirrfil%' io such activities and those costs of an indirect narnre necessary to support ihern. Support costs Support costs include centrdl funaions and have been all0￿ed to activity cost ¢ate8orie5 on a basis consistent with the use of resources. for example. allo￿tIng propert)" Costs bN" flIK>r areas. or per capiw staff costs by rh¢ time sp¢nl and other costs b> their usaue. Taxation The chariry is considered ro pass ihe tests set out in Paragraph I Schedule 6 of the Finance A¢1 2010 and therefore it meets the definition of a chariiable tompanl" for L'K corporation tax purposes. Accordingly. the chariiN is poieniiall%' eietnpi from wlation in respeei of incorn¢ or capiral gains receil'ed wiihin caiegories Covered bN' Chapier i Part I l of the Corporation Ati ?010 or Seciion 256 of the Taxation of Chargeable Gains Aci 1992, 10 the extent thai such income or J(¥ ins ar¢ applied eiclusii'el). to charitabl¢ PUTP)ses. T¥ngiblt fixed a55ets Individual fixed assets costing £0.00 or mor¢ Initiall￿ recorded at cosL le55 any subsequeni aecutnulaied depreciation and subsequeni aceumulated impainneni losses. Depreciaiion and arnort15ation tkpr¢ciaiion is provided on tancible fixed assds so as to ￿Tile off the cosi or valuation, less any estimated residual ¥alue. over Iheir expecied useful economic life a5 follo￿5.. Trade debtor5 Trade debioTS are amounis due from cusiomers for merchandise sold or services performed in ihe ordinary cours¢ of business. Trade debtors are recognised initiallv at the transaciion price. TheN' we subsequenil!. measured at amonised cosi using the effecri¥e interest m¢ih(Kl. less provision foi iTnpakrment. A pro%'ision for thc impaimieni of trade debtors is esiablished when there is objec11￿¢ evidence that the charl￿. will not be able to collea all amounts due according io ihe original tertll5 Qf ih¢ ￿Cel￿abLes. Page 11 EASTSIDE COMML7SITY HERITAGE Notes to the Finan¢ial Statements for the l.ear Ended 31 March 2023 Cash and cash equii*l¢nts Cash and cash equi%alenis comprise cash on hand and call d¢poSi￿. and other shon-t¢rni highlv liquid investments that are readil) ton*ertible io a known amount of cash and are subject io an insignificani risk of change in value. Borrowings Inieresr.bearinb borrowings are iniiiall>' ie¢orded ￿ fair value. net of trnnsaction cosis. Intere51-bearing borrowings are sub5¢qu¢nrlN' carried at arnortised cosi. w.iih the difference ben4een ihe proceed5, nei gf transaction costs. and th¢ atnouni du¢ on redempiion being recognised as a charge 10 the SLiiemeni of Financial Activities over the peri￿ of the rele*ani borrom ing. Interest expense is recognised on the basis of th¢ effeciive inierest method and is included in interest paN'abl¢ and similar charges. Borrowings are classified curr¢ni liabilities unless the charitv has an unconditional righi io defer 5eulement of the liabiliry for ai least Iwelv¢ months after the rep)rting dat¢. Foreign exchange Transactions in for¢ign cutTencies are recorded ￿ the rdie of exchan¥e ai the dat¢ of the transaciion. Monetary asset5 and liabilities d¢nominaied in foreign currencies ai the balance sheei date ar¢ reported at ihe rdtes of exchantse pre*ailing ai (hai date. The results of overseas op¢Mions are trnn51aied ai the aNeraoe raies of exchanu¢ during ihe peri(MJ and their balance Sheets at the rntes ruling ai the balance sh¢e¢ dale. Exchange differenc¢s arising on irdnslation of th¢ opening net assets and reslllis of over5ea5 Optraiions are reported In other cotnpreh¢nsiv¢ income and accumulaied in equiry lattributtd to non%ontyolling inierests &5 appropriaiel. Other exchange differences are recognised in the Siatrmeni of Financial Aciiviiies in the period in which they arise ext¢pt for.. l) ¢x¢hange differences on tranwiions entered inio to hedge certain foreign currency risks (se¢ above).. 21 exchange differences arising on gains or losses on non-rnonewv items which are re¢ognised in other comprehensi*e income- and 3} in the case of ihe consolidaied financial staiements. exchanoe ditTerences on moneLTh iiems reeeivable from or paJabl¢ to a forei￿￿ operntion for Mhich selllemeni is neither planned nor likel!. ro occur {th¢r¢fore fomiing part of Ihe nei in¥esimeni in the foreign operdiionl, whith ar¢ re¢ognised in other comprehensive income and r¢poned under equiiy. Fund structure Unresrricred income funds are g¢nrJl ￿ndS that are available for us¢ ￿ the trusttts discretion in fvrtherance of the objec12V¢s ofthe charit).. Restricted income lunds are those donat¢d for use in a particular area for specific purposes. the us¢ of which LS restricted 10 thai area or purpose. Page 12 EASTSIDE cOM.ML￿ITy HERITAGE IYo1¢5 to the Financial Statements for the Year Ended_11 March 202_1 Financial iN5trurnent$ Cl4.ssifi¢oiio Financial assets and finan¢ial liabilitics are recoonised ￿hen the charits. becornes a part￿ to the contrdctual provi5ion5 of the instwment. Financial liabiSiiie5 and equi￿. instruTnen15 are classified according to th¢ subswlce of the contrarfual arran(Tements entered inio. An equity" instrument is an) contraa that evidences a residual inieresi in the assets of the eharili aft¢r deduciing all of i15 liabilities. Rec'o%nili&n ond measuremeni All linancial assets and liabilities are initiallv measured ai transathion prite (including transaciion cosis). except for those financial assets classified as ai fair &alue through pn)fii or l(bss. w'hich are iniiiall!, measured at fair value (which is nornkall). the rransaction price eicluding rrdnsaciion cosisl. unle55 the arrangemeni consiituies a financin¥ transaction. Ir an arranu¢meni consiiiute5 a financing MsaeTion. the financial a5sei or financial liabilitj 15 tneasured ai the present value of the fuwre pa}Thents discounted at a market rate of inierest for a similar debi inS￿men[. Financial assets and liabiliries are onlK otTsei in the staiem¢ni of financial posiiion ￿hen. and onl) when there exists a le¥all} enforc¢abl¢ righi io sei off the ieco£nistd amounts and the charil) intends ¢ith¢r io settle on a net basis. or to realise the ass¢1 and sdile the liabiliil 5itnultsneouslv. Financial assets are derecognised when and onl}. ￿h¢Tr al the contractual tights to the flows from the flnancial assei expire or are settled. bl the charit¥ transfers io another part! sub51antiall! all of ihe risks and rewards of own¢r5hip of the financial asset. or cl rhe charirl. despite ha*in£ retained some. bui noi all. significant risks and rewards of omnership. has transferred control of the asset to anotheT pan). Financial liabiliries are derecognised only wh¢n the obl1￿10n specified in the contract is discharged, cancell¢d or expires. EASTSIDE COM.NII'NITY HERITAGE Notes to the Finaneial Statements for the l-ear Ended 31 March 2023 Debi InHrMments Debt instrumcnis which Tneet th¢ following conditio115 are subsequentlj. m¢asured at amonis¢d ¢osi using the effective interesi meth(MJ= la) Th¢ contrnciual reium io th¢ holder is li) a fixed amounl- lill a posiiiwe fixed rnt¢ or a posiiive variable rate- or lili) a combination of a positive or a n￿atIve fjxed raie and a p05htive ￿arIable raie. Ibl The contract ma}. provide for repaNThents of the principal or ihe return to the holder (but not both) to be link¢d to a single relevant i)bser%able indei of generdl price infl*ion of the currency in which the debt instrumeni is denominated. provided such links are noi leveraged. {cl The Coniraci mai proi ide for a d¢temiinable 7*ariation of the rernrn to the holder during the lift of the instrum¢nt, provided that lil the rate saiisfies condition (al and the variation is noi coniinbjent on fuiur¢ evenis oiher ihan I I l a change of a coniracwal i'ariable raie.. 121 to proi¢ct ihe holdei against cr¢dit d¢t¢rioraiion of the issuer: 131 changes in levies applied bN' a ¢enrral bank or arising from changes in releNani Èlxation or law: or {iil Ihe ne￿ rate is a market rdie of interesi and 5at15fies condition la). Idl There is no contrdctual provision thar could. b￿ its lem%, resuh in the holder losing the principal amount or any inieresi allributable to Ihe current period or prior peri(￿5. {el Contrdctual provisions that permit the issuer to prepa>. a debt Ill5trutnent or permii the holder io put it back to the issuer before maturity. are not ¢ontingenr on fuwre t￿tAll other than to proieci ihe holder against th¢ Credit dereriordiion of the issuer or a change in control of the issuer. or io proieci the holder or i55uer againsi changes in levies applied b) a centrdl bank or ar¢sing from chanoes in rele&ant wxarion or la￿. ID Contractual provisions tna) pern?ii ihe exiension of the term of the debr instrument. provid¢d that the retum to the holder and an> other contrdaual provisions applicable during the eitended terni saiisfv (he conditions of par￿raPhS {al lo 1¢). Debt instruments thai are classified as palable or r¢¢eii"able M'ithin one lear on initial recognition and which meet rhe above conditions are measured ai the undi5wunied amouni of the c&sh or other consideraiion expe£ied to be paid or received. nei of impairmeni. Wilh the exception of some hedging instruments. other debi insuuments not m¢¢iing these conditions are measured at fair value through profit or Ioss. Commitments io mak¢ and receive loans which m¢ei the conditions mentioned above are measured at cosl (which ma) be nil) less impainneni. Inveslments In%esiments in non-convertible preference share5 and non-putrable ordinary. or preferen¢¢ shares (where shares are publicl). irdded or their fair value is reliabl!. measurablel are measured at fail *alue through profit or 1055. Where fair value cannoi be me￿llred reliabl!. ini'esmienis are rnea5ured ai cosi less impairrnent. Invesiments in subsidiaries and aswciates are measured at co4 less impaimient. For invesiments in subsidiaries acquired for consideration including ihe issue of shares qualif%ing for merger relief. cost as measured by reference io ihe nominal value of the shares issued plus fair value of other consideration. Any premium is ignored. P￿e 14 EASTSIDE COM.MLNITY HERITAGE Notes to the Financial Statements for the Year Ended 31 March 2023 Derivutivefinoncialinsirumenis The charit>. us¢s derivaiive financial in￿r￿Ments to redu￿ e_Kposure io foreign exchange risk and interesi raie tnovem¢nis. The chariry does not hold or issue deri¥￿1¥t financial in5Thrnents for speculaiive purposes. Derivatives are iniliall!, recoonised ai fair value ￿ Ihe date a d¢rii'atiN'e contrad is entcred into and are subsequentl}. remeasured to their lair fvalue ￿ each rerrtbrting dait. The resulting vain or loss is recognised in siaiement of fjnancial aciivitle5 irnmediaieli un1¢55 the derilali￿¢ is de5ignaied and effective as a hedging instrnmeni. in ￿hICh eveni rhe liming of the recogniiion in ststerneni of financial activiiies depends on the naiure of the hedge relationship. Fuir value mea5uremeni The best el'idince of fair value 15 a quoted price for an identical assei in an actiN'e rnark-ei. When quoted price5 are unavailable. the price of a recent iransaciion for an identical asset provides e*id¢nce of fair value a5 longj a5 there has noi been a si.(mificant change in economic circumsrances or a significant lapse of time Since the IraRsdetion Iix)K place. If the mark¢t is noi acti￿e and recent trdnsactions of an idenrical assei on their own are noi a good eslitnate of fair walue. the fair valu¢ is esiimaied b!" using a valuation iechnique. 3 VOLUNTARY IYCOME restricted ruNd5 General Restritted funds Total funds Grants. including capiial grants: Grants from oiher charities 7.8?0 20.70? 28.522 Tot&1 for 2023 7.820 20.70? 28.522 Tolal for 2022 28.19? 61.067 4 ACTIVITIES FOR GENERATif*G FLP4DS Unrestricted funds Genernl Restricted funds Total funds Fundrai5in&y events income 17,05) 17.053 Total for 2023 17.05? 17.053 Total for 2022 5.000 20.734 5 Inwestrnent income Page 15 EASTSIDE CO.NINILNITY HERITAGE Notes lo the Financial Statement5 for the l'ear Ended 31 .March 2023 Unrestricted fund8 General Total funds Other inveskneni income 126 126 Total for 2023 126 126 Total for 2022 21 O Other intom¢ Total funds Other In¢ome- Covid19 Government Grani Total for 2023 Total for 2022 7 Expendiiure on rdising funds Cost5 of generating funds Unrestricted fund5 Gentral Restricted funds Total funds I%ote Costs of raising funds Allocaied suppon cosis including wages Total for 2023 2.98i 2.983 10.829 2.6i7 8,192 5.620 8.192 13.812 Total for 2022 7.6)7 15.774 2i.411 8 Expenditure on charitablt a¢iiTrities Unrestricted funds General Resiricted funds Total funds Note Training aJ)d Retruitm¢ni cost Trakel e.Kpenses Allocated r¢nt cosi Staff costs Allocated support costs 4.625 488 4.625 488 li.907 83.981 18.595 13.907 83.981 7.802 10.79) Total for 2023 10.79i 110.80) 121.596 Total for 2022 5.428 7i.i89 78.817 Page 16 EASTSIDE CONIMIINITTr HERITAGE Notes to the Financial St2l¢ments for the l'ear Ended 31 %larch 2023 9 Support 4nd (h'erhead Expenditure Unrestricied runds Genernl RtStricted funds Total rund5 Note Staff costs Wages and salaries Allocaied support costs 7.7)6 8.17i 7,736 1,765 3.592 Toial for 2023 15.9( i.592 19.501 Total for 2022 ?4.288 4.15) 28.441 10 Nei Inco￿l￿gI0ul¥0lng resourees Nei outgoing resources for ihe }'ear include= &$ 2023 2022 Net in¢ome.'lexpenditurel is stated after chargints.'(crediting} Depreciaiions - o￿ned assetS- i l March I l Trusiets Remuneration and Benefits None of the (njsiees {or an}" persons connttied with them) received any rernuneration or benefits from the charitv during the )eor12022 - Nill. No trnst¢¢s have received any reimbursed expens￿ from the charity during the )ear. 12 Staff ¢05ts The aggregate payoll cosis were as follows.. 2023 2022 St4ff costs during the )'var were: 'ages and salaries including NIC and Pensions 2023 No 2022 No The avernge monihl), number of emplo%¢¢s during was & folloH's No employee received emoluments of more than £60.111)O during the strdr. Page 17 EASTSIDE COIIMLNITI. HERITAGE Notes to the Financial Statemenls for the l'ear Ended 31 imareh 2023 IJ Taxxtio Th¢ charity is a regisiered ¢haril)' and is therefore ex¢mpi fr￿ ￿XatiOn. 14 Tangibk fixed assets Furniiure and equiprnent Total Cost At l April 2022 72.224 72.224 At i l March 202i 72.224 Depreeiation At l April 2022 Charge for ihe year 64.697 7.527 64.697 7,527 At 31 March 202i 72.224 72.224 Net book i'alue Ai 31 March 2023 At 31 March 2022 7.527 7.527 15 Debtors 2023 2022 Oiher debtors 4,000 16 C#sh and c95h ¢quii8lents 2023 2022 Cash at bank i66.671 437.996 17 Creditors: amounis falling due MithiD one Th'eAr ?f123 2022 Other raxation and social securi her creditors Accruals 2.750 20.180 6.304 2.500 8,804 Page 18 EA5TSIDE COM.ML.NITI' HERITAGE Yote5 to the Financial Statements for the l'ear Ended 31 ￿larch 2023 18 Fund$ Balance ai I April 2022 IDcoming Re50ur£es expended Balance at 31 March 2023 Unre51rieted funds General 2i4.191 18.076 132.i22) 219,945 Restricted funds 206.5?8 122.587 121,696 Toial funds 440.719 lance at I April 20?1 1154.9091 i41.641 B8lanee at 31 March 2022 Incoming rewurces Resources eipeNded Unrestricted funds General 222.914 48.6iO li7.i5)1 2i4,191 Restricted fuThd5 241.632 58.212 (93.316 206,528 Total fuffid5 4fA.546 106.849 l iO.669 440.719 19 Analyst5 of Det a55et$ bdvjttn fund5 Unreslricted funds General Total funds at 31 March 2023 Restricted funds Current 1sseis Current liabilities i66.671 4.8$0 i66.671 (25.030 20.180 Total net assets J61.821 ?0.1801 341,641 Unrestricted Total fund5 ai 31 funds General 2022 Tangible fixed aqsets Cu￿ent ￿setS Current liabilities 7.527 441.996 (8.804) 7.527 441.996 Tolal nei assets 440.719 440,719 20 AnalvsR5 of Det fund$ Page 19 EASTSIDE CONINILNITI, HERITAGE Notes to the Finaneial Statements for the Year Ended 31 March 2023 At 31 March 2023 At 1 .4pril 2022 Cash at bank and in hand 4i7,996 4i7,996 Nei debt 4i7.996 437 996 At 31 March 21122 At l Apri12021 Cosh at bank and in hand 466.48i 466,483 Net debt 466.483 466.483 21 Relaied party tran54Ctions During the lear there was no relaied partTr transactions worded.. At the balanc¢ sheei date the atnouni due iTrfrom was £Nil (2022- £Nil). 22 LF.ASING AGREEMENTS As at the end of the financial l March 2023. the chartty h&s no Ivdsing or Hire Purchasing IHP) obligaiions or commitmeni. Page 20 EASTSIDE COII.ML)ITI' HERITAGE Detailed Statement of Financial Actii"itie5 for the l'ear Ended 31 March 2023 Total 2023 Totsl 2022 Ineome End0￿MentS frorn: Voluntarj income lanal)'s¢d belo￿) Fundraising activities lanallsed below) Invesimeftt income lanallsed below) Other income lanal>'sed below) 28.522 27.18) 126 61,067 20,7i4 25.020 loial income 55.8) I 106.842 Expenditure on". Raisino lund5 lanalysed below) Charitable activities lanalNs¢d below} Support expenditure lanal)5ed below) (13.812) 1121.596) 19.501L_ 123,411) 178.817) 128.44 IJ Total expendilure [154.909￿.(]30,6O9) Nei expendityre 99.078) 23,827 Net movement in fund5 199.0781 123,8271 Reconciliation of funds Toial funds brought forw'ard 440.719 464.546 Total funds Carried forward i41,641 440.719 Thi5 page does not fomi part of the staiutor). financial statements. Page21 EASTSIDE COMMUNITY HERITAGE Detailed Slatement of Financial Actii-ities for the l'ear Ended 31 .Mareh 2023 Total 2023 Total 2022 Volunlory Income Granis - oiher agencies Donations 20.702 7.8?0 28.192 32.875 Acilvliiesforgeneraiingl4nds Fundraising and Eveni Income Other income 17.05) 5.000 15.7)4 20.7i4 27.183 Invesimeni income Income from oih¢r investments 126 126 21 21 her in¢'ome Other income- Covid 19 Governmeni Grant 25.020 25.020 Costs ofrfji.singfwnds Materia15 Wages and salaries Rent and rates Advenising 12.98)) 18.1921 (1.5091 (3,i051 (15,7741 13.2611 11 071) 13.812 Choritoble acliviiies aues c1nd salaries 183.981) 14.625) 1488) {1561) I l i.907) {7.80?) (1.705) 17.5271 121,596 {62.7931 Training & R¢cruitmeni cosi Travel expenses Travel expenses Reni Telephone a￿d iniern Charitable donaiions Depreciation of otTice equipment 1599) {4.347) {5.650) {i,546) 1.882 78.817 Support £Ypendilure W'd¥e5 and salaries slatT￿elfare Rent and rate5 (7,7i6) 114,692) {916) {3,260) {929) 13.360) 1991) Insurance This ￿t d(*s not fi￿ part of the sthwiory financial sthtements. Pa£¢ 22 F.ASTSIDE COMMIINITY HERITAGE Detailed Statement of Finall¢ial Actii'ilies for the l'ear Ended 31 Mareh 2023 Totsl 21123 Total 2022 Repairs and matnienance Telephone and f OtTi¢e expenses OtTic¢ expenses Priniing. postage and stationery Accountanc)" fe¢s Legal and professional fees {900) (1.0!6) (1,492) (2?8 1810) {507) {1.6531 {4501 {1,054} {2,5(K)I 1.670 28.441 12,1(H)} (540) 19.501 This page does noi forni part of ihe 5tatuiory financial 5taternents. Paoe 2i