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2024-03-31-accounts

Docusign Envelope ID: F668CD5D-7409-4A13-ACEE-285290C2026CDocusign Envelope ID: 97FEB6AA-7679-4EF6-939D-1502EE29650E

EASTSIDE COMMUNITY HERITAGE (A company limited by guarantee)

DIRECTORS’ AND TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

Company Registration Number: 03509623 Charity Registration Number: 1071668

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EASTSIDE COMMUNITY HERITAGE (A company limited by guarantee)

REPORT AND FINANCIAL STATEMENTS

CONTENTS

Page
Legal and Administrative Details 2
Directors’ and Trustees’ Report 3 – 7
Independent Examiner’s Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to financial statements 11 – 19

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EASTSIDE COMMUNITY HERITAGE

(A company limited by guarantee)

LEGAL AND ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 31 MARCH 2024

Executive Director & Company Secretary - Judith Garfield, MBE Trustees - Joseph Callanan (until 24th February 2024) Stephen Jacobs, OBE, Chair Gary Jones, Honorary Treasurer Liam Montgomery Taskin Saleem Emma Treleaven Charity Registration Number - 1071668 Company Registration Number - 03509623 The charity is incorporated in England & Wales. Registered Office - School 360, Sugar House Lane, London, E15 2QS Independent Examiner – Samir Shah Ramon Lee Ltd, 93 Tabernacle Street, London EC2A 4BA Bankers – Unity Trust Bank Plc PO Box 7193, Planetary Road, Willenhall, WV1 9DG Website - http://www.hidden-histories.org/

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(A company limited by guarantee)

EASTSIDE COMMUNITY HERITAGE

DIRECTORS’ AND TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Objectives and activities

Objects and aims

To promote, maintain, improve and advance education by encouraging and stimulating public understanding and appreciation of the history and contemporary development of London and generally to cultivate and improve the study of London, in particular but not exclusively through the provision of heritage-based activities using mediums such as art, drama, exhibition, publication, theatre literature, dance and music.

To promote good race relations by the provision of advice and practical support to individuals and groups engaged in any of the mentioned activities.

Objectives, strategies and activities

Our strategic aims for the Charity, which were developed three years ago have been met this year. The organisation has made progress in the following areas:

New Trustees:

A new Chair and new Treasurer were recruited in early 2023, who have enhanced the skills of the Board. Further recruitment is planned.

Relocation:

One of our major aims after COVID was to relocate and find premises that met our needs and enabled the organisation to open up the archive to more in-person visits. After many years in Ilford, we moved to School 360 in Stratford. We also used facilities at the Trinity Centre in East Ham.

Funding:

A grant award was secured from the National Lottery Heritage Fund which will complete the digitisation of the archive and enable material to be accessible online. More details follow in the report below.

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EASTSIDE COMMUNITY HERITAGE

(A company limited by guarantee)

DIRECTORS’ AND TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2024

Overview of charitable activities in 2023-24

As we celebrate our 25th anniversary at Eastside Community Heritage, we reflect on a year filled with significant achievements and growth. Our Hidden History Archive continues to preserve and share the unique and beautiful stories that define our community’s heritage. These narratives offer profound insights into how history shapes our lives and our sense of place, particularly in East London and the surrounding boroughs. Our mission remains to bring history and heritage to life, making it engaging and accessible through our diverse projects.

This year, our archive has expanded once again. We have taken the opportunity to reassess and innovate our engagement strategies, reaching out to researchers, historians, educators, and community groups. By piloting new digital engagement methods and bringing the archive directly to the public, we are ensuring that our resources are more accessible than ever. We continue to support visitors in their research endeavours while actively promoting the archive’s use as an enjoyable online tool, available anytime and anywhere. Our experiments with various digital programmes aim to enhance users’ experience with the archive.

We are also working towards achieving archive accreditation with the support of The National Archives. This is a significant undertaking, but our dedicated team and trustees are committed to reaching this milestone within the next two years.

Over the past year, we have embarked on numerous exciting projects, each designed to engage new audiences in oral history. Our events, workshops, talks, and walks have celebrated Black History Month, Local History Month, Women’s History Month, LGBT+ History Month, Refugee Week, Carers Week, and South Asian Heritage Month.

Projects from April 2023 to March 2024

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EASTSIDE COMMUNITY HERITAGE

(A company limited by guarantee)

DIRECTORS’ AND TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2024

Outputs

Plans for the Future

Looking forward our long-term strategic aims are to:

  1. Make the archive more accessible

  2. Achieve Archive Accreditation with The National Archives

  3. Develop further work in schools and universities.

  4. Democratise history.

  5. Increase Digital and AI experimentation.

  6. Diversify our funding base.

The Charity is planning to update its Strategic Plan in 2025.

Volunteers, Staff and Trustees

None of our achievements would have been possible without the unwavering dedication of our staff, volunteers, and trustees. Their hard work ensures that our projects are successfully delivered and that our archive remains open, accessible, and continually evolving to serve our local communities. We extend our heartfelt gratitude to all our partners and funders for their invaluable collaboration over the past year and eagerly anticipate continuing our work together in the coming year.

Financial Review and Reserves Policy

The Charity’s turnover increased in the year as the grant from the Heritage Lottery Fund was drawn down. Other funding included Newham Council, Greater London Authority and Historic England.

The Charity’s income was £214,857 (2023: £ 55,831) with expenditure of £216,849 (2023: £154,909), and a planned deficit of £1,992 was incurred (2023: £99,078). The bulk of expenditure was on staff salaries, and other costs included rent, insurance, telecoms, and materials for projects.

At year-end, the organisation had reserves of £339,649 (2023: £341,641) including £92,237 (2023: £121,696) restricted funds and £247,412 (2023: £219,945) unrestricted funds. The Board of Trustees aim to increase the turnover of the Charity to at least £300,000 and to diversify its funding base. At present and as identified in the Risk Register, the Charity’s funding is often short-term, project based, and much is Newham-orientated. In the future, the Charity will build on its excellent track record and reputation, and seek more multi-year funding, and partnerships in other boroughs too. The Charity aims to keep its unrestricted reserves in the range of 6-8 months of turnover. Reserves are required to: provide a contingency against funding “ups and downs” and last-minute decisions; pay for decommissioning should the Charity have to close (e.g. redundancy, re-locating the archive).

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EASTSIDE COMMUNITY HERITAGE

(A company limited by guarantee)

DIRECTORS’ AND TRUSTEES’ REPORT (Cont/d)

FOR THE YEAR ENDED 31 MARCH 2024

Public benefit statement

In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission’s guidance on public benefit, including the guidance ‘public benefit: running a Charity (PD2). The achievements and activities above demonstrate the public benefit arising through the Charity’s activities.

Principal funding sources

The main funding sources for the Charity are National Lottery Heritage Fund, London Borough of Newham, and Historic England.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

Eastside Community Heritage (ECH) is a charitable company limited by guarantee set up and incorporated in February 1998 (registration number 03509623), and became a registered Charity in England and Wales on 23 September 1998 and registration number 1071668.

The company is governed by its Memorandum and Articles of Association adopted on 23 September 1998. The trustees are also directors of the charity for the purposes of the Companies Act. They are appointed or reappointed annually at the Annual General Board meeting. Appointment and retirement of trustees are in accordance with the Articles of Association which requires that appointment and retirement should be by ordinary resolution. All trustees give their time voluntarily and receive no benefits from the charity.

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EASTSIDE COMMUNITY HERITAGE

(A company limited by guarantee)

DIRECTORS’ AND TRUSTEES’ REPORT (Cont/d)

FOR THE YEAR ENDED 31 MARCH 2024

Trustees’ responsibilities in relation to the financial statements

The trustees (who are also directors of Eastside Community Heritage for the purposes of company law) are responsible for preparing the trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees and signed on its behalf by:

Stephen Jacobs Chair

4[th] November 2024

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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF

EASTSIDE COMMUNITY HERITAGE

I report on the financial statements of the charitable company for the year ended 31 March 2024.

This report is made solely to the charity's trustees, as a body, in accordance with the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my Independent Examination, for this report, or for the opinions I have formed.

Respective responsibilities and basis of report

As the charity’s trustees of the charitable company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the financial statements of the charitable company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s financial statements as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Samir Shah FCA, ATII Ramon Lee Ltd Chartered Accountants 93 Tabernacle Street London EC2A 4BA

4[th] November 2024

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(A company limited by guarantee)

EASTSIDE COMMUNITY HERITAGE

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2024

SUMMARY INCOME AND EXPENDITURE ACCOUNT

Notes
Unrestricted
Funds
£
Income
Income from charitable activities
2
24,091
Investment income
3
5,072
Total income
29,163
Expenditure
Cost of raising funds
4
-
Expenditure on charitable activities
4
1,696
Total expenditure
1,696
Net movement in funds
27,467
Reconciliation of funds
Total funds, brought forward
11
219,945
Total funds, carried forward
247,412		 Restricted
Funds
£
185,694
-
185,694
17,689
197,464
215,153
(29,459)
121,696
92,237		 Total
2024
Restated
Total 2023
£
£
209,785
55,705
5,072
126
214,857
55,831
17,689
13,812
199,160
141,097
216,849
154,909
(1,992)
(99,078)
341,641
440,719
339,649
341,641

CONTINUING OPERATIONS

None of the company’s activities were acquired or discontinued during the above two financial years.

TOTAL RECOGNISED GAINS AND LOSSES

The company has no recognised gains or losses other than the above movement in funds for the above two financial years.

The notes on pages 11 to 19 form part of these financial statements

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EASTSIDE COMMUNITY HERITAGE

(A company limited by guarantee)

BALANCE SHEET AS AT 31 MARCH 2024

Notes 2024 2023
£ £ £ £
Fixed assets
Tangible fixed assets 8 4,283 -
Current assets
Debtors 9 5,072 -
Cash at bank and in hand 340,696 366,671
345,768 366,671
Liabilities
Creditors falling due with in one year 10 (10,402) (25,030)
Net current assets 335,366 341,641
Net assets 339,649 341,641
The funds of the charity
Unrestricted funds:
General 11 247,412 219,945
Restricted funds 11 92,237 121,696
Total charity funds 339,649 341,641

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 Companies Act 2006. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these financial statements under the requirements of the Companies Act 2006.

The directors acknowledge their responsibilities for:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime within Part 15 of the Companies Act 2006.

These financial statements were approved by the Board of Directors and Trustees on 4[th] November 2024 and were signed on its behalf by:

The notes on pages 11 to 19 form part of these financial statements

Company No: 03509623

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EASTSIDE COMMUNITY HERITAGE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The financial statements of the charitable company, which is a public benefit under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these financial statements.

1.2 Presentation of accounts

In previous years, restricted grants for projects were shown as voluntary income. In 2024 accounts, all restricted grants for projects have been included under charitable activities and the comparative figures have been restated for disclosure of income in accordance with the Charities SORP guidance.

1.3 Preparation of financial statements on a going concern basis

The Charity’s Financial Statements shows a net deficit of £1,992 (2023 – £99,078) for the year and free reserves of £243,129 (2023 - £219,945). The trustees are of the view that these results have secured the immediate future of the Charity for the next 12 months and on this basis the Charity is a going concern.

1.4 Income recognition

All income is recognized when the charity is legally entitled to it, receipt is probable and the amount can be measured with sufficient reliability.

Grant income

Grants are recognized when the charity is entitled to the funds. Income is only deferred where there are time constraints imposed by the donor or if the funding is performance related.

Where entitlement to grants receivable is dependent upon fulfilment of conditions within the charity’s control, the income is recognised when there is sufficient evidence that conditions will be met.

Grants supporting the core activities of the charity and with no specific restrictions placed upon their use are included within donations and legacies. Grants that have specific restrictions placed upon their use are included within income from charitable activities.

Donations and legacies

Donations are recognised in the period in which they are received. Legacy income is recognised when the charity’s entitlement is judged to be probable and where the amount can be reliably measured.

Investment income

Investment income is included when receivable.

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EASTSIDE COMMUNITY HERITAGE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (Cont/d)

FOR THE YEAR ENDED 31 MARCH 2024

1.5 Volunteers and donated services, facilities and goods

Donated professional services and donated facilities are recognised as income when the Charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the Charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Charity is not recognised in the main body of the financial statements but detail is contained in the trustees’ report.

On receipt, donated professional services, donated facilities and goods are recognised on the basis of the value of the gift to the Charity which is the amount the Charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

1.6 Expenditure recognition and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

1.7 Allocation of support costs

Support costs are those functions that assist the work of the Charity but do not directly undertake charitable activities. Support costs include back office costs, finance and administration personnel, payroll and governance costs which support the Charity’s programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities on the basis of direct costs proportion.

1.8 Funds structure

1.9 Operating leases

The Charity classifies the lease of property as an operating lease. The rentals are charged to the Statement of Financial Activities on a straight-line basis over the lease duration. No assets are held under hire purchase agreements.

1.10 Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Individual fixed assets costing £1000 or more are capitalised at cost.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful life on the following basis:

Furniture & Equipment Over 3 years on straight line basis

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EASTSIDE COMMUNITY HERITAGE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (Cont/d)

FOR THE YEAR ENDED 31 MARCH 2024

1.11 Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.12 Cash at bank and in hand

Cash at bank and in hand includes cash and short term cash deposits.

1.13 Creditors and provisions

Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

1.14 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.15 Judgement and key sources of estimation uncertainty

In the application of the Charity’s accounting policies, the Charity is required to make judgments, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

1.16 Taxation

The Charity is a registered Charity and, therefore, is not liable to Income Tax or Corporation Tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.

1.17 Cash flow statement

The charitable company qualifies as a small company and advantage has been taken of the exemption provided by SORP (FRS 102), not to prepare a cash flow statement.

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EASTSIDE COMMUNITY HERITAGE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (Cont/d)

FOR THE YEAR ENDED 31 MARCH 2024

2. INCOME FROM CHARITABLE ACTIVITIES

Grant and other income
Other charitable income
Redbridge CVS
National Heritage Lottery Fund
LB Newham
Groundwork London
Transport for London
Historic England
Foundation Future		 Unrestricted
Funds
£
9,091
15,000
-
-
-
-
-
-
-
24,091		 Restricted
Funds
£
-
-
4,957
111,027
27,563
21,730
5,000
7,500
7,917
185,694		 Total
2024
Restated
Total 2023
£
£
9,091
24,873
15,000
10,130
4,957
-
111,027
12,397
27,563
2,722
21,730
4,000
5,000
-
7,500
-
7,917
1,583
209,785
55,705

The income from charitable activities in 2023 totalling £55,705 was attributed £37,755 to restricted funds and £17,950 to unrestricted funds.

3. INVESTMENT INCOME

NVESTMENT INCOME
Bank deposit interest Unrestricted
Restricted
Total
Total
Funds
Funds
2024
2023
£
£
£
£
5,072
-
5,072
126
5,072
-
5,072
126

The investment income in 2023 totalling £126 was attributed to unrestricted funds.

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(A company limited by guarantee)

EASTSIDE COMMUNITY HERITAGE

NOTES TO THE FINANCIAL STATEMENTS (Cont/d)

FOR THE YEAR ENDED 31 MARCH 2024

4. ANALYSIS OF EXPENDITURE

ANALYSIS OF EXPENDITURE
Raising Funds Charitable Total Total
activities 2024 2023
£ £ £ £
Staff Costs 13,110 119,896 133,006 92,173
Fundraising Costs 2,340 - 2,340 4,111
Consultancy - 14,531 14,531 -
Travel expenses - - - 2,049
Rent & Room Hire - 18,193 18,193 15,416
Training & Recruitment Costs - - - 4,625
Communication Costs - 4,309 4,309 7,802
Printing, Postage & Stationery - 1,272 1,272 -
Other Charitable Project Costs - 15,743 15,743 1,705
Depreciation - - - 7,527
Support costs (Note 5) 1,828 20,587 22,415 17,401
Governance costs (Note 5) 411 4,629 5,040 2,100
17,689 199,160 216,849 154,909
Of the £216,849 expenditure in 2024 (2023 - £154,909), £1,696 was charged to unrestricted funds (2023
£32,322) and £215,153 to restricted funds (2023 - £122,587).
ANALYSIS OF SUPPORT AND GOVERNANCE COSTS
General Governance Total Total
support function 2024 2023
£ £ £ £
Staff Costs 9,600 2,400 12,000 7,736
Rent & Room Hire 1,200 - 1,200 3,360
Training & Recruitment Costs 1,228 - 1,228 -
Communication Costs 3,471 - 3,471 1,026
Accountancy Fees 1,800 - 1,800 -
Legal & Professional Fees 2,434 - 2,434 540
Repairs & maintenance - - - 900
Insurance 1,152 - 1,152 991
Printing, Postage & Stationery 545 - 545 1,128
Other Office Costs 485 - 485 1,720
Depreciation 500 - 500 -
Independent Examiner's Fees - 2,640 2,640 2,100
22,415 5,040 27,455 19,501

Of the £216,849 expenditure in 2024 (2023 - £154,909), £1,696 was charged to unrestricted funds (2023 - £32,322) and £215,153 to restricted funds (2023 - £122,587).

5. ANALYSIS OF SUPPORT AND GOVERNANCE COSTS

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EASTSIDE COMMUNITY HERITAGE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (Cont/d)

FOR THE YEAR ENDED 31 MARCH 2024

6. NET INCOME/(EXPENDITURE) FOR THE YEAR

2024 2023
£ £
Net movement in funds is shown after charging:
Depreciation on tangible fixed assets 500 7,527
Independent examiner's fees 2,640 2,100

7. ANALYSIS OF STAFF COSTS, TRUSTEES REMUNERATION AND EXPENSES, AND COST OF KEY MANAGEMENT PERSONNEL

STAFF COSTS
Salaries
National Insurance
Pension		 2024
2023
£
£
133,991
92,672
7,725
4,543
3,290
2,694
145,006
99,909

There were no employees whose annual emoluments were £60,000 or more.

During the year no trustees received any remuneration (2023 - £nil). No trustee received reimbursement of travel expenses during the year (2023 – £nil).

The total employee benefits of the key management personnel of the charity were £47,996 (2023 - £47,297).

The average number of full- time equivalent employees was as follows:

2024 2023
Direct charitable work 4.0 3.0

The average monthly number of persons employed by the charity during the year was 5 (2023 – 3).

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EASTSIDE COMMUNITY HERITAGE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (Cont/d)

FOR THE YEAR ENDED 31 MARCH 2024

8. TANGIBLE FIXED ASSETS

NET BOOK VALUES
Furniture & Equipment
MOVEMENTS IN YEAR
Cost
Opening
Balances
£
Furniture & Equipment
72,224
72,224
Depreciation
Opening
Balances
£
Furniture & Equipment
72,224
72,224
DEBTORS
Other debtors
CREDITORS: amounts falling due within one year
Other creditors
Accruals
Social secuity and taxation		 Additions
£
4,782		 2024
£
4,283
4,283
Disposals
£
-
-
Disposals
£
-
-
2024
£
5,072
5,072
2024
£
-
4,440
5,962
10,402		 2023
£
-
-
Closing
Balances
£
77,006
4,782 77,006
Charge
For Year
£
499		 Closing
Balances
£
72,723
499 72,723
2023
£
-
-
2023
£
20,180
2,100
2,750
25,030

9. DEBTORS

10. CREDITORS: amounts falling due within one year

17

Docusign Envelope ID: F668CD5D-7409-4A13-ACEE-285290C2026CDocusign Envelope ID: 97FEB6AA-7679-4EF6-939D-1502EE29650E

EASTSIDE COMMUNITY HERITAGE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (Cont/d)

FOR THE YEAR ENDED 31 MARCH 2024

11. ANALYSIS OF CHARITABLE FUNDS

Balance at
01.04.23
£
Restricted Funds:
Redbridge CVS
-
National Heritage Lottery Fund
121,696
LB Newham
-
Groundwork London
-
Transport for London
-
Historic England
-
Foundation Future
-
Total restricted funds
121,696
General funds
219,945
Total unrestricted funds
219,945
Total funds:
341,641
Analysis of charitable funds – previous year
Balance at
01.04.22
£
Restricted Funds
206,528
Total restricted funds
206,528
General funds
234,191
Total unrestricted funds
234,191
Total funds:
440,719		 Income
£
4,957
111,027
27,563
21,730
5,000
7,500
7,917
185,694
29,163
29,163
214,857
Income
£
37,755
37,755
18,076
18,076
55,831		 Expenditure
£
4,957
147,486
25,563
21,730
5,000
2,500
7,917
215,153
1,696
1,696
216,849
Expenditure
£
122,587
122,587
32,322
32,322
154,909		 Balance at
31.03.24
£
-
85,237
2,000
-
-
5,000
-
92,237
247,412
247,412
339,649
Balance at
31.03.23
£
121,696
121,696
219,945
219,945
341,641

18

Docusign Envelope ID: F668CD5D-7409-4A13-ACEE-285290C2026CDocusign Envelope ID: 97FEB6AA-7679-4EF6-939D-1502EE29650E

EASTSIDE COMMUNITY HERITAGE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (Cont/d)

FOR THE YEAR ENDED 31 MARCH 2024

11. ANALYSIS OF CHARITABLE FUNDS (Cont/d)

Description, nature and purpose of restricted funds:

National Heritage Lottery Fund – Funding towards Shared Secret Project.

L B Newham – Funding towards Welcome Project.

Historic England – Funding towards Echoes from the Bridge Project.

12. ANALYSIS OF FUND BALANCES BETWEEN NET ASSETS

Tangible fixed assets
Net current assets
Analysis of fund balances between net assets –
Tangible fixed assets
Net current assets		 General
Funds
£
4,283
243,129
247,412
previous year
General
Funds
£
-
219,945
219,945		 Restricted
Funds
£
-
92,237
92,236
Restricted
Funds
£
-
121,696
121,696		 Total
2024
£
4,283
335,366
339,649
Total
2023
£
-
341,641
341,641

13. SHARE CAPITAL

The company is limited by guarantee and does not have a share capital divided by shares.

14. RELATED PARTY TRANSACTIONS

Details of transactions with trustees and senior management are in note 7. There are no other related party transactions.

19