2021-08-31-accounts - Eastside Educational Trust

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		Page
Directors' and Trustees'	Report	3 —13
Independent Examiner's	Report	14
Statement of Financial Activities		15
Balance Sheet		16
Statement ofCash Flows		17
Notes to the Accounts		18—30

			Unrestricted	Funds	Funds				Period
			General	Designated		Restricted			ended		Total
		Notes	Funds f		Funds f		Funds f	31/08/2021f			2020f
Income
Grants, donations and legacies		2	197,120						197,120	177,040
Income from charitable activities		3	111,014			354,332			465,346	393,216
Income from other trading	activities	4	9,937						9,937		50,880
Investment income			220						220		941
Total income			318281			354,332			672,623	622,077
Expenditure
Cost of raising funds		7	40,928						40,928		6,880
Expenditure on charitable	activities	7	277,332			362,739			640,070	578,505
Total expenditure			318,260			362,739			680,999		585,385
Net income i (expenditure) &net
movement in funds			31				(8,407)		(8,376)		36,692	'
Reconciliation offunds:
Total funds, brought forward			432,212		53,000		17,188		502,400		465,708
Total funds, carried forward			432,243		53,000		8,781		494,024		502,400
The general funds totalling surplus off432,243 as detailed in Note 18, includes capital assets Suite 16, Perseverance Works from where the charity operates. This is a leasehold property long term loan of f462,703 (in the form of a mortgage against the property), other fixed undesignated liquid funds off81,424. As such the significant majority of general funds remain									off813,422, including valued at f813,422, a assets of f6,180 and tied up within the value
ofthe property from which	Eastside	Educational	Trust operates.

FOR THE	PERI	OD ENDED 3	1STAUGUS	T 2021
			Notes	2021	2020
Cash used in operating activities			19	74,129	~11293
Cash flows from investing activities
Interest income				220	941
Purchase of tangible fixed assets					(230)
Purchase of investment
Cash provided by I(used in) investing	activities			220	711
Cash flows from financing activities
Repayment of borrowing				(23,890)	(30,484)
Cash infiowa from new borrowings
Interest on borrowing Cash used in financing activities				14,454 ~9,437	18,887 ~71 697
Increase / (decrease) in cash &cash equivalents		in the year		64 913	~22 179
Cash &cash equivalents at the beginning	of the	year		221,950	244,120
Total cash &cash equivalents at the end ofthe year				286,863	221,950

INCOME FROM CHARITABL	E AC		I	VI	TIE	S
										Total	Total
Educationa/serv/ces							Unrestrictedf	Restricted E		2021 8	2020 8
Grants and donations:
Adobe Foundation - Eastside	Partner			Schools					5,531	5,531	9,500
Adobe Foundation - Females	in film								15,591	15,591
Adobe Foundation - Environmental			Filmmakers						7,960	7,960
Arts Council England: Iknow	l wish		I	will					11,000	11,000	99,000
DCMS/Arts Council England:	Cultural			Recovery Fund					249,750	249,750
Arts Council England: Spoken Word				Power					5,000	5,000
The BBFC:Eastside Film Crew									4,000	4,000	38,500
Disney Worldwide: DMIS 10th Year Anniversary											18,670
John Lyon's Charity: Verse vs Verse									10,000	10,000	37,000
John Lyon's Charity: I know	I wish	I will									24,000
John Lyon's Charity:Spoken	Word		Power						5,000	5,000
City Bridge Trust - London Community					Response
Fund									40,000	40,000
Royal Botanic Garden's Kew	- Grow		Wild fund						500	500
Disney Worldwide: Disney Musicals				in	Schools						40,893
University of Essex											1,650
Contract income:
Schools income							16,273			16,273	36,399
BFI Film Academy							17,000			17,000	17,000
Greater London Authority											9,815
Hackney Council Southwark Council - Partner	Schools						2,000 21,800			2,000 21,800	13,400 40,000
Southwark Council - Raise the Curtain							44,100			44,100
Hackney Council - Shoreditch	Community					Fund	7,000			7,000
Other contract income &85,000							2,841			2,841	7,389
							111,014		354,332	465,346	393,216
Income from charitable activities in			2020			totalling	F393,216 was attributed		to unrestricted funds of 8124,003
and restricted funds ofF269,213.
INCOME FROM OTHER TRADING			ACTIVITIES
										Total	Total
							Unrestricted F			2021 f	2020f
Product sales								1,437		1,437
Office hire								8,500		8,500	50,880
								9,937		9,937	50,880
The other trading activities income		in		2020 totalling			F50,880was attributed		to unrestricted funds.
INVESTMENT INCOME
										Total	Total
							Unrestricted F			2021 f	2020f
Interest on cash deposits								220		220	941
								220		220	941

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SUMMARY PROFIT AND LOSS ACCOUNT:					2021f	2020 E
Turnover					37,498	99,663
Other income:
Government	grants				7,122
Grants from	Parent Charity				62,899
Cost ofsales and administration			costs		(70,494)	(47,422)
Service charge payable		to the	charity		(8,500)	(51,000)
Net profit					28,525	1,241
Amount gift	aided to the	charity
Retained in	subsidiary				28,525	1,241
The assets	and liabilities ofthe subsidiary			were:
Fixed Assets					38,640	4,383
Current	assets				10,138	29,495
Current	liabilities				(17,558)	(31,453)
Net current	assets				31,220	2,425
Creditors:	falling due	after more than one		year	(3,770)	(3,500)
Net assets					27,450	~1075
Aggregate	share capital and		reserves		27,450	~7,075

ANALYSIS OF EXPENDITURE	ANALYSIS OF EXPENDITURE	ANALYSIS OF EXPENDITURE
			Raising	Educational	Total	Total
			Fundsf	Servicesf	2021 6	2020 E
Direct project costs				143,942	143,942	260,473
Direct staff costs			4,532	97,757	102,289	109,603
Publicity costs				20,875	20,875	15,533
Premises hire costs
General support costs		(Note 8)	36,239	368,419	404,659	194,314
Governance costs	(Note 8)		157	9,077 6~0	9,234 ~)'8gg()	5,462

SUPPORT COSTS
The charity initially identifies the	costs		of its support		functions. It then identifies those			costs which		relate to the
governance function. Governance		costs and		other	support costs		are apportioned	separately		between the
charity's two key activities undertaken			(see Note 6)		in the year.	All	the general support		and governance costs
have been apportioned to the various			charitable	activities on the		basis ofa proportion		of direct costs, allocated
to each activity.
					General	Governance			Total	Total
					supportf		function 6		2021 6	2020 E
Management staff costs					173,936		6,594	180,531		91,793
Premises costs					77,276				77,276	24,881
Communications costs					2,518				2,518	1,839
CRM and Project Management	Costs				24,480				24,480
Business planning and development		cost			29,880				29,880
Information technology and website		costs			44,943				44,943	31,427
Mortgage interest and charges					14,454				14,454	18,887
Legal and professional costs					1,537				1,537	841
Depreciation Sundry expenses Independent examination fees				32,847 2,788 ~5, 5		2,640 32,847 2,788 2,640 ~5 ~'il55				25,502 1,966 2,640 555528

		2021	2020
		f	6
Salaries		258,684	182,350
National	Insurance	18,326	15,181
Pension		5,845	3,865
		252 ll55	252 355

The average monthly nu	mber of full time staff em	ploy	ed by the	charity during	the year was as fol	lows:
					2021	2020
					Number	Number
Direct charitable	work				5.4	6.0
NET INCOII/IE / (EXPENDITURE) FOR THE YEAR
					2021	2020
					F	E
Net incoming resources	is shown after charging.
Depreciation oftangible	fixed assets				32,847	25,502
Independent examination					2,640	2,640
TANGIBLE FIXEDASSETS
					Furniture,
	Leasehold		Plant &	Computer	Fixtures
	Property	Machinery		Equipment	SEquipment	Total
COST	6		6	6	6	6
As at 1st April 2020	978,695		33,966	18,531	49,251	1,080,443
Additions
Disposals
As at 31st March 2021	978,695		33,966	18,531	49,251	1,080,443
DEPRECIATION
As at 1st April 2020	151,407		29,512	15,111	32,064	228,094
Charge for the year	13,865		4,454	3,420	11,107	32,846
Disposals
As at 31st March 2021	165,272		33,966	18,531	43,171	260,940
NET BOOK VALUES
As at 31st March 2021	813,423				6,080	819,502
As at 31st March 2020	827,288		4,454	3,420	17,187	852,349
FIXEDASSET INVESTMENT
					2021	2020
					6	8
Investment at cost - Eastside Resource Management			Limited		100	100

						2021f	2020 f
Grant and	contract income debtors					6,965	40,292
Other debtors						2,103	2,359
Eastside	Resource Management Limited					10,390	10,068
Prepayments						5,634
						25,092	52,719
CREDITORS:		amounts	falling due within one year
						2021	2020
							E
Trade Creditors						10,687	26,724
Taxation	and social security					4,677	5,112
Mortgage	loan					21,000	21,000
Other creditors						2,359	5,490
Deferred	contract income (note 18)					126,989	86,613
Accruals						9,118	7,640
						174,830	152,579
The mortgage		loan is secured on the charity's		registered	office.
CREDITORS:		amounts	falling due after more than one year
						2021	2020
						8	f
Mortgage						462,703	472,140
						462,703	472,140

MOVEMENT IN FU	ND	S
							Balance				Balance
							as 01.04.20 f	Income F	Expenditure f.	Transfers f	as 31.08.21 f
Restricted funds:
Adobe Foundation							17,188		11,107		6,081
Adobe Foundation:	Eastside		Partner		Schools			5,531	5,531
Adobe Foundation -	Females		in film					15,591	13,391		2,200
Adobe Foundation -	Environmental			Filmmakers				7,960	7,960
Arts Council England: i		know	I wish	I	will			11,000	11,000
DCMS/Arts Council	England:		Cultural		Recovery
Fund								249,750	249,750
Arts Council England:		Spoken Word			Power			5,000	5,000
City Bridge Trust - LCRF								40,000	40,000
The BBFC:Eastside	Film Crew							4,000	4,000
John Lyon's Charity:	Verse vs Verse							10,000	10,000
John Lyon's Charity:Spoken			Word	Power				5,000	5,000
Royal Botanic Garden's		Kew	- Grow		Wild fund			500
							17,188	354,331	362,739		8,781
Designated funds:
The Lund Fund							18,000				18,000
Building maintenance fund							12,500				12,500
Equipment maintenance		and	IT infrastructure			fund	10,000				10,000
Staff contingency fund							12,500				12,500
							53,000				53,000
General funds							432,212	318,291	318,260		432,243
Total unrestricted funds							485,212	318,291	318,260		485,243
Total funds							502,400	672,622	680,999		494,024

Movement in fun	ds		—previ	ous ye	ar
							Balance				Balance
							as 01.04.19 f	Income f	Expenditure f	Transfers f	as 31.03.20 F
Restricted funds:
Adobe Foundation							24,798		7,610		17,188
Adobe Foundation:		Eastside		Dialogues			2,500		2,500
Adobe Foundation:		Eastside		Partner	Schools			9,500	9,500
Arts Council England:			Iknow	I wish	I will			99,000	99,000
The BBFC:Eastside		Film Crew						38,500	38,500
Disney Worldwide:	Disney Musicale				in Schools			40,893	40,893
Disney Worldwide:	DMIS 10Year Anniversary							18,670	18,670
John Lyon's Charity:		Verse vs Verse						37,000	37,000
John Lyon's Charity:		I	know	I wish I	will			24,000	24,000
University of Essex								1,650	1,650
							27,298	289,213	279 323		17188
Designated funds:
The Lund Fund										18,000	18,000
Building maintenance			fund				12,500				12,500
Equipment maintenance and IT infrastructure						fund	10,000				10,000
Staff contingency	fund						12,500				12,500
							35,000			18000	53,000
General funds							403,410	352,864	306,062	(18,000)	432,212
Total unrestricted	funds						438,410	352,864	306,062		485,212
Total funds							465,708	622,077	585,385		502,400

and maintenance ofequ	ipment	ipment	and ITfor t	and ITfor t	he organisation and		the building.	the building.
The staff contingency	fund:		Represents		monies designated		by the trustees		to cover any exceptional costs
or unforeseen staffing cost that			has not been considered in the				normal course		ofbusiness	for the	charity.
ANALYSIS OF FUND BALANCES BETWEEN NET ASSETS
					General F		Designated	f	Restricted f		Totalf
Tangible fixed assets					813,422				6,080		819,502
Investment					100						100
Net current assets					81,424		53,000		2,701		137,125
Long term liabilities					(462,703)						(462,703)
					432,243		53,000		8,781		494,024
Analysis offund balances		between		net assets —previous		year
					Generalf		Designated	f	Restricted f		Totalf
Tangible fixed assets					835,161				17,188		852,349
Investment					100						100
Net current assets					69,091		53,000				122,091
Long term liabilities					(472,140)						(472,140)
					432,212		53,000		17,188		502,400
DEFERRED INCOME
									Total		Total
									2021 f		2020f
Balance as at 1st April									86,613		165,063
Amount released to income		in	the year						(86,613)		(161,063)
Amount deferred in the	year								126,989		82,613
Balance as at 31st March									126,989		86,613

RECONCILIATION OF NET MOVEMENT	RECONCILIATION OF NET MOVEMENT	RECONCILIATION OF NET MOVEMENT	FUNDS TO NET CASHFLOW FROM OPERATING	FUNDS TO NET CASHFLOW FROM OPERATING	ACTIVITIES
				2021	2020
				E
Net movement in funds				(8,376)	36,692
Add back	depreciation			32,847	25,502
Deduct interest income shown		in investment	activities	(220)	(941)
Decrease	/ (increase) in debtors			27,627	(11,951)
Increase	/ (decrease) in creditors			22,251	(60,586)
Net cash	used in operating	activities		74,129	~77,293