Docusign En¥elope ID.. AACF54D2.2B884082-gJ1gEEw4420 EASTSIDE EDUCATIONAL TRUST (a company limited by guarantee) DIRECTORS, AND TRUSTEES, REPORT AND ACCOUNTS FOR THE PERIOD ENDED 31ST AUGUST 2022 . 'ABH3VTIC* 19111rdoy2 COMPANIES HOUSE A12
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Company No: 03594475 Charity No: 1077192
DoSn En¥8W ID.. MCF5402.2B884082.YJA&19EE6BAF4420 EASTSIDE EDUCATIONAL TRUST la company lirnited by guarantee) REPORT AND ACCOUNTS CONTENTS Page Directors. and Trustees, Report 3-12 Independent Examinerfs Report 13 Statement of Financial Activities 14 Balance Sheet 15 Ststsment of Cash Flows 16 Notes to the Accounts 17-32
Docusun En¥elope ID." AACF54D2-2BB&4082.90A&19EE6&AF4420 EASTSIDE EDUCATIONAL TRUST (a company limited by guarantee) DIRECTORS, AND TRUSTEES, REPORT FOR THE PERIOD ENDED 31ST AUGUST 2022 The trustees who are also directors of the charity for the purposes of the COmpanS Act 2006, present their report with the financpl statements of the charity for the year endetl 31 Au9USt 2022. The trustees have adopted the provisions of Charrties Aet 2011, the Companies Act 2006, the Memorandum and Arbcles of Association, and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their rinancial statements in aCrdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 2019}. OUR PURPOSE AND ACTIVITIES The principal aclwities of the charrtable company are to empower young lives and youth voice through participation in arts programmes that develop their skills and creatNe thinking. Easlside's goal is to be the UK'S foremost youth arts charty. provKling creats.ve OPFXJrtunits"es to thousands of children and young people. including those in the most underserved CommunitS. Easlside's vision is a future in which all children and young people's creativty is unloeked, nurtured and valued. Eas15ide's work raises young people's standards of athievemenl in language and literacy" enhances their well-being and promotes independent and lif&long leaming through participation in the crealNe arts lincludin9 literary arts, visual arts. media arts and performing arts). The objects for which the Organisatn was established are.. For the advancement of the education of the public Iparb"cularty of young people) in dramatic and other arts, language and literature.. and For the promotion of any charitable purpose using the medium of dramatic and other arts. EaStse runs creative workshops, programmes and participatory projects for children and young people to fulfil our purpose. Our programme of work also includes career related events and cebratIonS of the children and ytsung people's work. Our volunteers We use volunteers lo provide addib-onal support in our workshops and creatNe projects. Volunteers provide a valuable contribution in supportj.ng children with their learning and also pro¥ing practical hands-on support assisting the artists in workshop or event settings. The volunteers. Contributn enables us to ensure that each child in volunteer assisted woikshops has an enhanced leaming experience. Achievements and Performance 2021 - 2022 was an exciting and dynamic year for Eastside as we emerged from the pandemic and recommenced in person activities across the country, refined our new dlt81 aetNities, took on new large scale programmes and saw significanl turnover in our core office team. The period of.reporting1151 September 2021 3151 August 2022} aligns with the academic year. The ALrtumn tefm of 2021 was a dynamic and Challenging period for society as schoo15 returned in full for the first time and adapted to life post pandemic. Easlside was sensitive to and aware of the new complexilie5 that society faced and worked hard lo adjust to the new normal_
DocuSvJn Envelope IO". AACF5402-2BW082-W&19EE6&4F4420 EASTSIDE EDUCATIONAL TRUST {a company limited by guarantee) DIRECTORS. AND TRUSTEES, REPORT {ConUd) FOR THE PERIOD ENDED 31ST AUGUST 2022 IMPACT SUMMARY.. In 2021 - 2022, Eastside delNered 1.402 creabve workshops sessK)ns, achieving attendance figures of 39,974 (directly reaching 28.991 individual young people aeross all progtammesl. 43 East5Kle fe51ivals. film screenings and performances took place directly reaching 2561 auéience members. Sales of Easlside school workshops reached £33.795 wrth 45 schooLs swning up lo Easlside On11ne Eastside utilised 71 artists '. ofthe 71 artists 14 were new to Eastside and 40 were 8AME 10 educational video resources were commissioned ¥hieving 711 views along with 5 PDF leaeher resource packs Eastside achieved 2765 views of 26 youth led film commissions produced by young filmmakers of which 11 explored Easlside programme work and 8 explored creabve industy partners. work. 1 spoken word poety anthology containing 72 original poems from across the UK published 4313 indtviduals subscribed to Eastside newsletters with 1242 average website visits per month In September 2021 EastsKle bid for and was subsequenlty appointed the new lead agency lo run the Creative Schools Programme - Creative Schools. London {fom)erly run by Strattord Circus Arts who sadly entefed adminislralion early in 20221 delivefing work with schools and cultural agencies across East London. Following an initial funding award of £50,000, EaStse has attracted a further £45.000 investment in the 2021122 perd towards the delivery of this programme. Easlside weknmed Fran Gkotsi as the CrealNe Schools Programme Manager to the core team. In October, Easlside's appliCatft for Continuty Support funding {CRF3} was also approved. This vital fund was to be the last Covid related support EaStse received in this period. With the Autumn return of schocAs in full, EastsKle relaunched its in person schools workshops programme achieving our highest ts)okin9 figures for Black History Month for 5 years. We also lorrnalty Launched Eastside Online as our new natDnal online creativity programme for schools this programme has Sin been renamed Creativity Live and has attracted participation frc*m schools across the country who sign in to Eastside's live creativity workshops Wh are live streamed directly into classrooms. The evolution of this programme is a direct legacy from the pandemic and"reinforees Eastside's nab.onal reach and our innovative use of digital technology. On 16th October 2021 Eas15ide launched ils 10th conseculNe BFI Film Academy working with 21 participants laged 16-191 and commissioned 4 original scripts from young screenwriters to be brou9hl lo life through this programme. In February 2022 the programme concluded with the delivery of an excellent showcase event al the Courthouse Hotel Cinema in Shoreditch in which represenlalives from BAFTA. former BFI alumni (now filmmakers) and award-winning film produeers Juliana Kasumu and Alex Shipman presented awards lo the students. In late November 2021 the Omt¢ron variant of Covid 19 was detected in the UK. The Omicron wave hit its peak in early January 2022. Schools and Communities tightened their restricts.ons and Easlside once again had lo adapt ils modes of programme delivery to ensure we were able to continue to deliver our work in a safe manner. Unfortunately. the reslriclions had a direct impact on sch15, willingness to purchase our Spring term school workshop aclwilies. Alongside that our building revenues through space hires were negalivety affected. These reductions in revenue Impacted our overall turnover significantty in the first quartei of 2022. On 11 th January 2022. in 5Plte of the Omicron Wave. Eastside sue$S11Y launched ils new national Spoken word poetry programme SPOKEN WORD POWER in a socially d15tanced hybrid event at The Criterion Theatre Piccadilly. James Bridge, the Chief Executive and SecTetary-General James of the UK'S National Commission for UNESCO IUKNCI opened the event with a powerful speech follciwing which Eastside's ambassador poet, Poetess Jess alongside the project's lead Artist Jacob Sam-La-Rose took lo the stage alongside young poets from across the UK.
005n Envelope ID.. AACF5402-28B84082.W19EE6&4F4420 EASTSIDE EDUCATIONAL TRUST la company Ilmlted by guarantee) DIRECTORS, AND TRUSTEES. REPORT (Conud) FOR THE PERIOD ENDED 31ST AUGUST 2022 In spite of all the lingering impacls of the Covid pandern, Eastside deteminedly delivered the programme ensuring.. 1.077 children and young people took part in 136 creative artist-led workshops in 26 schools across Essex. London, Merseyside and SoLrth Yorkshire. 954 children and young people took part in 25 sch901 F*Jetry slams across the country with over 1.000 audience members leading up to Wortd Poety Day. 5 Teacher CPD workshops and 5 Ath"sl training sessions took place. akjng with approximalety 20 hours of training actwity for our Future LeadefS_ 204 students across 23 h0O1$ and 1 exlemal spoken word group look part in 4 regional sharing events in professional arts venues (Civic Theatre - Rotherham. Unity Thealre - Mersey5ide. Lakeside Theatre - Essex, Criterion Thealre - London) with 574 audien members. celebration of World Poety Day. 8 sehools signed up to the Open Call programme and independently delNered spoken word poetry classe5 to 609 sludenls using the programme's lesson plans and te¥hing resources 72 original poem5 created by children and young people were published in SWP'S annual anthology. Jovana Ma. Easlside's Stralegy and Sctial Impxt Consultsnl delivered an outstanding evaluation report that caD. be accessed here.. htt s'.IIMvw.easlside. .ukJs ken-word- erlread-our-re Other important fundraising work continued wth Jovana's expert suprnrt. Notably, Easlside successfully achieved a National Lottery Heritage Fund grant desfvjr lo cebrate Eastside's creaknve heritsge culminating in a 30th anrbwersary exhibition". Celebrating Easlside's Heritage- 30 years of nurturing youth creativty - Value £71,952 extract.. Our milestone anniversary provides a significant opportunty for the organisation to reconnect with its alumni and capture unheard personal stones aboul Ihe impact of our WO on young lives before they are lost in memory. This project gives us the opportunity to reco and celebrale this important momenl in our hislory, and build our understanding of whal woth creales the most impact for young p8ople and help shapè which projects we should Pjryontise going yoard. Following the induction of Fran Gkolsi in Decembef 2021. Easlside's CEOIArttslic Director and the Schools Programme learn worked closety with Fran to design a sel of Iransrtional activities for the Creative Schools programme which were rolled out throughout the course of the academic year. Fran worked diligenlty throughout the period delivering". Direct clealive engagement with 41 schools drawn from across 7 East London boroughs. in which 10 schools received funding for a full creats.ve Schools project Artsmark occredilalion for 10 sehools 5 creabvity in education events - 2 x online, 1 x hybrid , 1 x in person, 1 x in person full day 24 development meetings with schools
OooJSv4n Envelcye ID." A4CF5402.2BB&4082.9)A&19EEWF4420 EASTSIDE EDUCATIONAL TRUST (a company limited by guarantee) DIRECTORS. AND TRUSTEES. REPORT (Convd) FOR THE PERIOD ENDED 31ST AUGUST 2022 The Creative Schools programme actlv1kn.es closety align with EastSEde's vision and misSn and the executive learn have worked closely lo integrate the work of this important programme into Easlside's core delNery throughout the year. As a result. Easlside has written Creatsve Schcols as a core strand of its NPO applicabon for 2023-2026. This application delivered to ACE on 17th May 2022 represented many months of thinking, planning and drafting. £155,166 was granted requested over the next the years as standsts.ll amount to achieve 3 focus areas". l. Preserve and stngthen the qualty ofourpublic-facing pmgtsmmes and wwkshops 2. ConsolKlate OurpSence and pulatn in target aaS in London 3. Establish our work oL.fSe of London Ihrough ournationalpmgrammes and digila1p8rticipatn opportunities. During the pandern Easlside embarked upon a steep leaming curve to embed a new Customer Relationship Management system to ensure that we effeclivety organised all of our school and participant data effectively to support the delivery of growth of our crealNity programmes. We have continued to work closely with Color Consultancy to create the right forms and infraslrvcture to ensure that this new system delivers. Athough the costs of implementation have been high, we are now beginning to see the rewards. Thi5 investment alongside strategic marketing initiatives and refreshed webpages are helping Eastside lo connect with more and more schools across the country. building our reach and reputation as follows. Through London-wde and natwle mail campaons with Sprint EducatTr, we have generated approximately 4.970 new sch¢Jol eontact leads during the period of Sep 2021 - Aug 2022 The CRM system has aided us in qualifying and managing these leads. as well as monitoring how new leads inteiact with projects such a5 Eastside Onlinelcrealivity Live and Easlside Schotsls Workshops {ESW) The CRM system also hosts our forms for new 5ign-ups to Eastside Sch¢xJt5 Workshops {ESW), Eastside Online IESOI I Creativity Live and the SPOKEN WORD POWER ISWP} Open Call.. these Iofms saw 205 enlries110 SWP, 123 ESW. 72 ESOI whh also became new leads for specific campaigns Outside of lead generation and qualification. the CRM system has aided in simplifying and standardising our system for booking in Easlside Seh(x)Is Workshops, with a bespoke workflow created for the purpose and a set of reports designed to aid the Schools Team in monf(oring our progress on ESW against key largels Throughout 202112022, Eas15ide accelerated ils work in the film and digital arena thanks lo the appointment of a new film and digital programme manager (Adam Goodwin November 20211 following the departure of Nandita Lovage (Sept 20211 who left lo lake on a new role al Film London. Around that lime and lo synchronise with COP26 in Glasgow, Eastside produced and showcased five climate change documentaries with young people and launched them al the UKELA {UK Environmental Lawyers) annual conference123rd Sept 20211 and at the Conference ol Youth in Milan 128-31 Oct 20211. Our films were also shown al COP26 fringe events (Nov 2021}. These film5 highlight Easlside's continued passion and concern for the environment and our desire to take progressive rneasure5 to reduce our own carbon footprint. Starting in Febnjary 2022. Easlside delivered a Film and Digital Professional Development Programme in which group of 11 aspiring filmmakers worked across London land in some cases across the country} to develop their experience, skills and portfolios supported by Eastside's professional tulors. Participants worked with induslry leading professionals on group projects. The films they produced investigate everything from the aquali¢, fin wearing Merfolk of the Sylvesth"an Leisure Centre pool Isnaresbrook East London) through to combating youth violence and influencing fashion. Participants worked diligently and professionally on Eastse'S commL8sioned projects and with commissioning artisl Luca Rutherford which involved touring betsveen Newca511e. Stockton, Bradford, CambrKlge and Deplford. The crews created dwumentsries, social media shorts, inle(views. event captufes and photographic portfolios of Luca's solo show. You Heard Me, and public art works. You Heard Us.
DooJS¥n En%*lcpe ID.. AACF5402.28B&4082-W19EE6BAF4420 EASTSIDE EDUCATIONAL TRUST (a company limited by guarantee) DIRECTORS. AND TRUSTEES. REPORT (Convd) FOR THE PERIOD ENDED 31ST AUGUST 2022 Participants also worked on Eastside's INe stream workshops which suSsfUllY reached hundreds and sometimes thousands of young people sirnullaneousty in schools across the country and brought out the best in these camera and sound oteratofs. vision mixefs and set designers. To support this work Easlside was fortunate to r1ve Iwo investmenl grants from the F¢Jundation for Future London. The first has enabled Eastside to further upgrade rts film and digrtal equipment, ensuring that our students are working with the very latest technO9Y. The second will enabk East$& to remodel Ils basement space5 to enhance the accessibility of the space so that we may include and reach more young people across East London and beyond no matter what their life circumstances or backgrounds. Easlside will transform its HQ into a fully accessible digital hub fil for artisliclcrealivity programmes for natnavinIemal10nal audiences. We will build flexibly p8rtib.oned basement spaces yielding one big evenusludio space OR muttiple Irainin9lmeeting spaces as required. These Iransfomiational building works will be implemented in the 2022123 period and will increase our buikling hire revenues as well as improve the quality of our programmab'c delivery in particular our film and digital programmes. In the Spring term of 2022 Easlside continued to deliver its in person Eastside's schools workshops athieving good results in sprte of the disruption and uncertainty caused by the Omicron variant wave. On 12th April 2022. Eastside's first ever gala event. April Foolery. hosted by Hugh Dennis and featuring Simon Brodkin, Poetess Jess and The Showstoppers was held at the UCS theatre raisiThJ £12.961 bringing the total balance of Easlside's LUNO FUND lo £30.961. htt s'.IlwMv.hamhi h.co.ukllhin s-to-dolhu h-dennis-at-ham stead-school-fundraiser-8781554 Plans are being made for April Foolery 2023 at The CriterK)n Theatre On 18th May Eastshde delivered rts 5th consecubve all stsff and board annual away day (although the first in person Away Day since 20191 Staffing changes Andrew Ames was appointed on 315t August 2021 as EaslsKle's new part time Marketing and comrnunicab.ons Manager and served 9 months a5 our fitst dedKated Marcomms professional before taking on a new post. Ea51side appointed Adam Goodwin as the new Film and Dlta1 Programme Manager in November 2021 and appointed Helen Ainscough in a Govemment Kickstarter Funded role - Easlside Projects Assistant on 13th Sept 2021. On 1st Feb Easlside promoted Matilda Thaddeus-Johns to the role of Senior Programmes P•lanager on 1st Feb 2022 lo lake a more growth focussed slfategic role in the organisation. In July 2022, Matilda moved on lo a new role as Head of Programme al Fulure Foundations after 4.5 years with Easlside. Victoria Aspden will join Easlside in October 2022 as the new General Manager. Also in July 2022 Felix Andrew {Finance and Operation5 Manager) who served 6 years wrth Easlside moved lo a new role al the Kiln theatre as Finance Manager_ Louise Alexander was appointed as Finance Associate in July 2022. We would like lo Ihank Felix and Matilda in particular for Iheir bng and dedicated serVe to the Ofganisalion. They were both instrumental in contributing lo Eastside's exciting growth and development. Throughout the financial period Eastside continued a new hybnd way of workn'n9. with the majority of staff worked from the Offi on Tuesdays, Wednesdays and Thursdays.
Docuswn En¥dope ID.. AACF5402-28WQ82.9JA&19EE68AF4420 EASTSIDE EDUCATIONAL TRUST (a company limited by guarantee} DIRECTORS, AND TRUSTEES, REPORT (Contld) FOR THE PERIOD ENDED 31ST AUGUST 2022 Eastside's Creative Case for Diversity Aim 2 of Easlside's 2022-23 business plan slates." To be fulty inclusive, relevant and representative of the communities that we serve Artist recruilmenl look place in the summer of 2022. bringing with il a welcome arrNal of a diverse array of artists. This was our first new intake of artists since the pandemic. Eastside continues lo use the new 'blind' recnjitment prcKesses for al recruitment activrties to ensure that we remove any Unconsc$ bias from our recruitment PreSSes. Easlside continues lo work hard to create opportunib.es for those young people who need it most. With respect to our work with young digital creatives we are aware that the sector they aspire to work within {FilmtrviDigitall has partiCLtlarly challenging inequality ststistKs". Only 3% of the film pioduction workforce is from a minority ethnic background. compared with 12.54/ nationally. Women make up 40% of the workforce and are paKI £3,000 less on average than male counterparts. Onty 12% of the workforce is from les5 a¢fvantaged socio-economic backgrounds. Easlside has therefore continued to promote a number of development schemes including the Easlside Studios professional development programme (amongst other key digital programmesl to provide young aspirant filmmakers and digital creatives from diverse backgrounds the very best sector netsvorks and opportunrties to develop their careers beyond our engagemenL These inikn"atives have developed greatty under the leadership of our new Filrn and Digital Programme Manager. Aim 3 ot Eastside's plan slates." To use drtaI technology fo enrich our offer and meaningfully gffjw our reach and impacl. With our expansion of our dvJital schools workshop offerings (Easfside Online - now rebranded lo Creativity Live) we are now able to reach young people across the country in schools where we forrnerty had no presence. Related Parties In January 2019, East5ide Educational Trust IEET) estsblished a Irading subsidiary company, Eastside Resource Managemerbl Limited IERM Lldl to lake on the effeclNe running of the building's aclNilies including meeting room. equipment and desk space hire. ERM Ltd grft aids all profits generated from this acbvity lo EET. and also aims lo iemil £51.000 a year to the parent charity as a commercial rent for use of the space. Following the Covid 19 pandemic and the associaled lockdowns, oui premises have experienced significant period5 01 closure meaning that staff have had to work from home. and our desk leasing agencies were previously offered significant discounts on their rates lo relain their custom. Following this'difticult period, we have seen ERMS activity and turnover for the period increasing lo pre pandemic levels with a growth in the number of desk leasing companies (we have welcome Photography Course London 1 desk and The Kids Netsvork - 3 desks) and a gradual return of hires and space booking5. Following the commissioning of a full access audit and building suNey. funds have been raised from the Foundation for Future London lo undertake a remodelling of the basement spaces lo make them more flexible for building users and more attraelive lo third paty hirers.
Do¢uSw4n tnvelope ID. AACF54D2.288&4082.9J4&19EE6BAF4420 EASTSIDE EDUCATIONAL TRUST la company Ilmited by guarantee) DIRECTORS, AND TRUSTEES, REPORT (Contld) FOR THE PERIOD ENDED 31ST AUGUST 2022 Management and governance Easlside lakes a rigorous and proactive approach to managemenl and govemance. Eastside's management team works elosety to support the maximum engagemenl of all trustees responsible for Eastside's governance through providing direel reports and engaging with all key agenda points at board Ve1 meetings. To ensure effective engagement all tnjstees sign up to Eastside's trustee charter to ensure that the board, the employee5 and the wKler stskeholders of Eastside are as closety aligned as possible in their expeclatK)ns and that the end result is mofe than a Sum of the parts_ In this period, three ne•V subcommittee board group5 have en proposed to repla former groups". Internal Affairs Committee Iformerty Finance and Budget Committee) - chaired by treasurer Andy Hall: This committee foeuses on all intemal and operatsonal issues coming before the board, including". Issues related to finance, investments, eapilal acquisitions, human resources, salaries and facilib'es. External Affairs .Committee Ifomierty CommunicatK)ns and Fundraising Committee) chaired by Hannah Mansour (Iruslee). This committee focu5es on all external issue5. including.. Fundraising, public relations, publications {such as the annual report) and marketing. Governance Committee Iformerty Progress and Impact Committee) - chaired by Sarah Conway (deputy chair}. Thi5 cornmittee is responsible for the health and functioning of the board. 11 recruits and nominates new members, evaluates the perfomiance of the board itse. orients, trairbs and educates board members, and Pfcduces board materials. such as board books. Ea51side possesses a risk register which is reved regulady al board meetings and reports annually on environmental performance and sustainability. Publlc nefIt statement In shapin9 the objectives for the year and planning activibes. the Iruslees have Considered the Chanly Commission's guidance on public benefit. ineluding the guidance 'public benefit". nJnning a Charity IPD21. The achievements and activities above demonslrale the public benefit arisin9 through the Charity's actNities. FINANCIAL REVIEW Easlside has had lo wotk very hard lo ensure its aciivilies and programmes can fully reemerge following the caamitous impact of the pandemic on every aspect of Easlside's operations and programme activities. Thanks to the hard work, determinatson, perseverance and dedication of the serIr executive teams, the slaft, the board and Easlside's partners. the organisalion achieved Income of £691.098. We have posted an operating surplus of £34.403 12021 deficit £8,376) and have total nel assets, including propety, of £528.427 12021 £494,024). Excluding depreciation. we wsled a cash surplus of £49,79812021 surplus £24.4711. Easlside continues lo implement key changes in rts processes. procedures, opefations and aclNilies in order lo improve the financial viability and overall financial heamh of the organisalion. Andrew Hall (Treasurer} has been working closely wilh Felix Andrew (General Manager) lo further improve systems and reporting and Felix has been Cfealin9 new. clearer financial reporting metrics. highlighting trends and year on year growth. for presentation al board meetings. This ensures that the trustees have the most useful and easily digestible inlormation to guide their decision- making processes. All programme teams are emp¢)wered to manage and monilor their own budgets, with regular check-ins and reports'ng to senior management lo ensure that programme budgets and margins are being mel All staff understand that strong rinancial controls are key to maintaining the growth ol their indivual Pfogfammes and the widef organisalion.
DocuSvJn Envelope IO". AACF5402-28B84082.90A&19EE6W4420 EASTSIDE EDUCATIONAL TRUST (a company limited by guarantee) DIRECTORS, AND TRUSTEES, REPORT (Contld) FOR THE PERIOD ENDED 31ST AUGUST 2022 Outside of staff focussed fundraising efforts, indNidual gNing remains on the low side al Easlside and the refreshed Iruslee board will continue lo develop ils thinking around growing this income stream. The board welcomed the success of the inaugural April Foolery event (April 2022) and is looking forward to the next fundraising gala which will take place al The Criterion Theatre in the Wesl End in Apnl 2023 where revenue polenbal will be greater. Easlside maintains Sufflent reseNes lo cover any unexpected costs or unfoieseen staffing costs that have not been considered in the normal course of business for the charity. In light of the Covid-19 pandemic the trustees have agreed that our standard reserves policy of 3 months of support costs - whh equales to £59,000 - can be reset lo a minimum baseline of £35.000 to be able lo commit both any designated fijnds and the balance of the general funds to SUP5)orting the organisation through this challenging situation. Risk Managofflent The Board of trustees has considered the major risks to which the charity is exposed and has reviewed these risks and established systems and procedures lo manage them. A risk register Is reviewed regularly al boaid meetings lo assess the major risks faced by the charity and lo ensure that the. Iwstees (acting as directors of the charitable companyl have a Sound knowledge of the charity and are in an informed posrtion regardirMJ its operations. Principal Fundlng Sources The main funding sources for the charty are grants from Publ bodies, trusts. foundations, charitabbe organisations, local aulhorilies. contact income frorn schools, rental income from trading subsKliary plus donations from individuals. Reserves Policy The undesignaled liquid reserves he by the charity are £42,22712021 £81.4241. The charitable company mainlains a reserve level of desKJnaled fvnds to cover any unforeseen costs or disruption to the business The designated funds are to cover the key operational factors of the charitable company which include building maintenan, equipment maintenance and infrastructure. staff conb'ngency fund and The Lund fund. In the trustees. view, the reserves should provhde the charity wrth adequate financial stability and the means for it lo meet ils charitable objecbves for the foreseeable future. The trustees propose to work towards maintaining the charity's reserves at a level which is at least equivalent to three months. support costs {£59kl. The Iruslees recognise that the 2021122 period was a challenging year gÈven Ihe cessalion of pandern-re1aIed support, the impact ol the Omicron variant and the cancellation of a key fundrai51ng event due to ill health of a.lead participant all of which led to decreased income and increased usage of liquid reserve5 in that period. Nonethele55, the board are comfortable with urrenl reserves levels and will work towards elevating these in the 2022123 period. The trustees review the amount of reserves that are required lo ensure that they are adequate lo fulfil the charity's continuing obligations on a lermly basis al their board meetings_ As noted in the firtanCl review, the trustees will continue to review reserves levels as we seek to mitigate the impact of Covid-19 and should il be required will reduce the absolute minimum level to £35.000 to ensure that the charity can operate effectively whilst we transition out of Ihe pandemic. Investment Policy Surplus funds are held in a deposit fund account with the Charities Official Investment Fund ICOIF}. Interest is paid quarterly without deduction of tax and is transferred directly to the chairtable company to defray charitable expenditure.
Docusiqn Envelope 10.. AACF5402-288NO82.90h&19EEW4F4420 EASTSIDE EDUCATIONAL TRUST (a company limited by guarnnteel DIRECTORS, AND TRUSTEES, REPORT Iconvd) FOR THE PERIOD ENDED 31ST AUGUST 2022 PLANS FOR THE FUTURE Easiside's CEO l Artistic Director. along with full participation and contribution from the board and staff teams, have delivered a new organisalional strategy and business plan which lakes the place of the 'Unlocking Creative Potential, business plan of 2018-2022 and leads us through until 2023. This new plan clearly a'CUlate5 the organisalion's vision. mi5sKsn. aims and values as well as laying out SMART objectives and targets for the organisation. comprising new business developmenvschools programmelfilm and duital pfogramme slralegies. Through our efforts lo deliver this new business plan we will take our leaming forward in order lo reach even wider pools of children al young people. We will colllinue to focus our efforts into areas where we can make the most impact and where our unique offer can make the biggesl difference lo the lives of the young people that we engage with. The staff team is operating effectivety wrthin the newly arranged departmental structure (Schools Programmes and Film aiid DKJital Programmes} and key appointments have been made to support the work of these departments. Easlside will now work lowards growing the scale and impacl of our work with schools and enhancing our reach digitslly and online. STRUCTURE GOVERNANCE AND MANAGEMENT The organisalion is a charitable company limited by guarantee. incorporated on 8th July 1998 and registered as a charity on 3rd June 1999. Registered Charity number 1077192. The charitable company was estsblished under a Memorandum of Ass(latn, which established the objects and powers of the charitable company and 15 governed by its Articles of Associats"on. Recruitment and appointment of Trustees The Oirectors of the organisation are also the charity trustees for the purposes of charity law. New trustees will be eleeled by existing trustees on the board and the CEO l Artisttc Director in line with revised governance standard5 in which key areas and skill gaps are idents.fied and addressed. Trustee posts are advertlsed through truslee finders and on the website. Potential InJstee5 whose profile fills skills gaps are then invited to meet wtth trustees. the CEO l Arb"5bo Director and senior rnanagemerbl team in order to delemine whether they afe suitable to join the board after which they are asked lo shadow the board. One third of the directors of the charitable company (who act a5 the council of trustees for the charity) retire every yeai. The trustees have no beneficial interest in the Company other than as members. The tnjstees are also the direclofs of the company. All of the trustees are members of the cnmpany and guarantee to contribute £1 in event of winding up. Trustee induction and training Ail new Board of Trustee members receive an induction on joining Ea5tside EdtIonal Trust which includes." Roles and nature of the organisalion and their ro I reSpsibIlitieS within it. Full understanding of the spiriuaim of the EaStse Educats"onal Trust's Equal Opportunities l Diversity commitment. Understand the practical day-lo-day implicalK)n5 ofwhal is expected of all worker5. Organisation The Board of Trustees meet al least four times a year and discuss the broad strategy. programme of work and future direction for the OTganisalion. The Board oversee the charity's finances and undertake period reviews of all policies in line with best praclrce for charities. Board members also visit projects and workshops and will undertake any adminislralive issues that may arise.
Do519Th Envelope ID". AACF5402-288&4082_9JA&19EE6W4420 EASTSIDE EDUCATIONAL TRUST {a company limited by guarantee} DIRECTORS, AND TRUSTEES. REPORT (Contld) FOR THE PERIOD ENDED 31ST AUGUST 2022 REFERENCE AND ADMINISTRATIVE DETAILS Company Number: 03594475 Charity Number: 1077192 Directors l Trustees: Tery Corby (Chair} Sarah Scanlon (Deputy Chair) Andrew Hall {Treasurer) Anna Nh0150n Ankit Anand Thomas Webb Hannah Mansour Hari Sahathevan Nina McKay Laura Mariah Hemian (Appointed 2011012021} John Jolliffe {re5igned on 26102120211 Senior Management Team: Matthew Lane- CEO l Artist Director Felix Andrew- General Manager (resigned in Juty 2022} Victoria Aspden- General Manager ts"oined in October 2022} Reglstered Offlce: Suite 16. Perseverance Works. 37 Hxkney Road, Shoredilch. London E2 7NX Independent Examiner: Mr Samir Shah. Ramon Lee Ltd. 93 Tabernacle Street, London EC2A 4BA Bankers: Royal Bank of Scotland. 36-37 New Bridge Street. London EC4V 68J COIF Charty Funds. CCLA Investment Management Ltd, 80 Cheapside, London EC2V 6DZ li
Oo¢uSvJn En¥elop•10." AACF54DZ.28BPAO82_9)A&19EE66AF4420 EASTSIDE EDUCATIONAL TRUST (a company limited by guarantee) DIRECTORS. AND TRUSTEES, REPORT (Convd) FOR THE PERIOD ENDED 31ST AUGUST 2022 TRUSTEES, RESPONSIBIL lEs IN RELATION TO THE FINANCIAL STATEMENTS The Iruslees (who are also directors of the Eastside Educational Trust foi the purposes of company lawl are responsible for preparing the Trustees. Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice) Including Fin?ncial Reporu'ng Standard 102"The Financial Report]"ng Stsndard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial slatements for each financial year which give a true and fair view of the slate of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for thal per. In preparing these financial statements, the trustees are required to- select SLtilable accounting policies and then appty them consistenlfy," observe the methods and principles in the Charities SORP", make judgements and eslimales that are reasonable and prudent.. state whether applicable UK Accounting Standards have been followed, subj.eet to any material departures disclosed and explained in the financial stalements., prepare the financial statements on the going concem basis unless il is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonabFe accuracy al any lime the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are a150 responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the p[eventn and detect of fraud and other irregulanty"es The Iruslees are responsible for maintenance and integrity of the corporate and financial information included on the charitable MpanY'S website. Legislation in the United Kingdom goveming the preparation and dissemination of financial statements may differ from legislatson in other jurisdictions. This report has been prepared in accordance with the spwal provisions of Part 15 of the Companies Act 20C relating lo small companies. APPROVED BY THE BOARD AND SIGNED ON ITS BEHALF BY: Fn4F&. TERRY CORBY CHAIR Suite 16, Perseverance Works 37 Hackney Road Shoreditch, London E2 7NX 16 November 2022 12
DocJJSvJn Envelop• ID.. MCFYD2.2BW082.9l9EESw4420 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EASTSIDE EDUCATIONAL TRUST I report on the accounts of the company for pericrfl ended 31SI August 2022. This report is made solely to the charity'5 InJstees, as a body, in accordance wth the Charities Act 2011. My work has been undertaken so that I rnh1 State to the charity's trustees those matters l am required lo stsle to them in an independent examiner's report and for no other purpose. To the fullest exlenl permitted by law. I do not accept or assume responsibility lo anyone othei 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 Company {who are also the directors of the company for the purposes of company lawl. you are responsible for the preparation of the aecounls in accordance with the requirements of the Companies Act 20061.the 2006 Ael'l. Having satisfied myself that the accounts of the 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 examinali)n of your charity's accounts a5 carried out under section 145 of the Charrties Act 2011 1.the 2011 Acl'l. In carryin9 out my examinatson. I have followed the Directions given by the Charity CoMmissn IL+nder sectDn 14515}Ibl of the 2011 Act. Independent examinerfs statement The company's gross income exceeded £250.000 and l am qualrfied to undertake the examinat)n by being a qualified rnember of Insb'lule of Charlefed Accountants of England and Wales. I have completed my examination. I confirm that no material matters have come to my attention which Gives me cause lo believe that.. aeeounting records were not kept in accordarKe with section 386 of the Companbes Aet 2006". or the accounts do not accord with such records. or the accounts do not comply with felevanl aontIng reqU1ments under section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'lrue and fair. view which ts not a matter considered as part of an independent examination., or the accounts have not been prepared in accordance with the Charitie5 SORP (FRS1021. I have no concerns and have come across no olher matters in connection with the examination to which allenlion should be drawn in this report in order to enable a proper understanding of the accourls to be reached. t)ocuSigned by.. BFA6442682BF4CE... SAMIR SHAH- CHARTERED ACCOUNTANT RAMON LEE LTD 93 TABERNACLE STREET LONEION EC2A 4BA 16 November 2022 13
OocuSMJn Efi%lope IO. MCF54D2.Z8B84082-W&19EE68AF4420 EASTSIDE EDUCATIONAL TRUST (a company limited by guarantee} STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31ST AUGUST 2022 SUMMARY INCOME AND EXPENDITURE ACCOUNT Notes Unrestricled Funds Restricted Fund5 0110912021 to 3110812022 0110412020 to 3110812021 Income Donations Income from charitable acliviltes Income from other trading actrviknes Inveslmenl income 132,915 38.839 51.110 619 3.556 464,059 136,471 502,898 51.110 619 197.120 465,346 9.937 220 Total income 223.483 467,615 691,098 672,623 Expenditure Cost of raising Ivnd5 Expenditure 011 charitable Tvibes 23.510 247.492 23,510 633.185 40.928 640.071 385.693 Total expenditure 271,002 385,693 656,695 680.999 Net incomellexpenditurel and net movement in funds for the year 147.5191 81.922 34.403 {8.3761 Reconciliation of funds Total funds. brought forwaid 485.243 8,781 494.024 502,400 Total funds. carried fonvard 437.724 .703 528.427 494,024 The unrestricted funds lolalling surplus of £418.526 as detailed in Note 18, includes ca181 assets of £806.515, including Suite 16. Perseverance Works from where the charty operates This is a leasehold property valued al £806,515, a long-term loan of £430,316 lin the form of a mortgage again51 the propertyl, other fixed assets of £100 and undesignaled liquid funds of £42.227. As such the significant majority of general funds remain tied up within the value of the property from which Easlside EduCatnal Trust operates. CONTINUING OPERATIONS None of the charity's activities were acquired or discontinued duiing the above tsvo financial years. TOTAL RECOGNISED GAINS AND LOSSES The Charity has no recognised gains or losses other than the above movement in funds for the above financial years. The notes on pages 17 to 32 form part of these financial statements 14
DorS3n Envoiope 10.. mGF5402-28BPA082-9l9EE6&4F4420 EASTSIDE EDUCATIONAL TRUST (a company limited by guarantee) BALANCE SHEET AS AT 31ST AUGUST 2022 Notes 3110812022 3110812021 Fixed assets Tangible fixed assets Investment 12 13 807.707 1C 819.502 100 Current assèts Debtors Cash at bank and in hand 14 37.004 178,685 215,689 23,940 286,863 310.803 Liabilities Creditors falling due with in one year 15 {64.753) 1173.6781 Net Current assets 150,936 958.743 137,125 956,727 Creditors falling due after more than one year 16 {430,316) (462,7031 Net assets 528,427 494,024 The funds of the charity Unreslricled fvnds.. General Desigrbated Reslricled funds 17 17 17 418,526 19,198 90.703 432,243 53,000 8,781 Total charity funds 528.427 494.024 For the financial period ended 31 August 2022 the company was enlrfed to exemption from audit under section 477 Companies Act 2006. No member of the company has deposrted a notice. pursuant lo section 476. requiring an audit of these financial statement5 under the requiremen15 of the Companies Acl 2(106_ The directors acknowledge their responsibilities for. al ensuring that the charitable company keeps accounting records that compty with Sections 386 and 387 of the Companies Act 20L% and bl preparing financial slalemenls which give a true and fair view of the slate of affairs of the charitable company as al the end of each financial year and of ils surplus or deficit for each financial year in accordance with the requirements ol Sections 394 and 395 and whh otherwise compty with the requirements of the Companies Act 20L% relating to financial statements, so far as applicable to the eharitable company. These financial slalements have been prepared in accordance with the provi5ion5 applicable lo companies subject to Ihe small companies. regime within Part 15 of the Companies Act 2Q6_ These accounts were approved and aulhorised for issue by the Board of Difectors and Trustees on 16 November 2022 and were signed on ils behall by.. by.. 17ZAO J4Ffl.. . Terry Corby Company Number 03594475 The notes on pages 17 to 32 form part of these financial statements 15
00$19Th Erwelope 10.. AACFs4D2.28W082-g1EfjAF4420 EASTSIDE EDUCATIONAL TRUST (a company limlted by guarantee} STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31ST AUGUST 2022 2022 2021 Cash used in operating activitie5 60,327 88,583 Cash Ilows from Investing activities Inleresl income Purchase of tangible fixed assets 619 13.600} 220 Cash provided by I (used In} Investing actlvltles 2.981 220 Cash flows from financlng activitles Repayment of borrowing Interest on borrowing {32.387} 112,4831 (9.4361 114,4541 Cash used in financing activities 44,8701 {23,890 Increase l {decrease) in cash & cash equivalents in the year {108,178 64,913 Cash & cash equivalents at the beginning of the year 286,863 221.950 Total cash & cash equivalents at the end of the year 178,685 286,863 2022 2021 Nel rnovemenl in funds Add back depreciation Add back interest on borfowings Deduct interest income shown in investment activrtie5 Decrease I lincreasel in debtors Increase I Idecreasel in creditors 34.403 15,395 12.483 16191 113,0641 {108.925) 18,376) 32,847 14.454 12201 27.627 22,251 Net tash used In operating actlvities 160.327) 88,583 The notes on page5 17 lo 32 form part of these financial stalements 16
Docusign Envelope 10." AACF5402-288&4082-W19EE6eAF4421) EASTSIDE EDUCATIONAL TRUST (a company limiled by guarante?1 NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31ST AUGUST 2022 ACCOUNTING POLICIES Basis of preparation of accounts The financial statements of the Charitab company, whh 1$ a public benefft under FRS 102, have been prepared in accordance wrth the charib.es SORP {FRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended PraCte applicable to chant5 preparing their financial statements in accordance with the Financial Reporting Standard appIable in the UK and Republic of Ireland IFRS 102} leffeclive 1 January 20191,. Financial Reporting Standard 102 The Finanryal Reporting Standard applicable in the UK and Republ of Ireland. and the Companie5 Act 20(. The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these finaneial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention with items recogni5ed at cost or transaction value unless otherwise slated in the relevant nolels) lo these financial slatemenls. Reportlng period The financial statements were for the period 151 September 2021 to 31st August 2022 and that this period's financial statements {including the reL4ted notes) are not Comparab to prior year statements. which were lor an extended period of 1A April 2020 to 31 Y August 2021. The accounting period was extended in the prior year, lo align better wth school temi limes. allowing Eastside lo report lermty on their activilEs. Group accounts exemption The charity has taken advantage of the exemption under section 399 of the Companies Act 26 not lo prepare consolidated aeeounts. on the basis that the group of which this is Ihe parent qualifies as a small group. The financial statements present inf0mtn about the charity as an individual entity and not about ils group. Preparation of accounts on a going concem basis The charity's Financial Statements shows a nel surplus of £34,403 (2021 net deficit of £8,376) for the year and free reserves of £42,227 12021 £81.424). The trustees are of the view that the chaiity has adequate reserves and that current and future cash flows are sufficientty strong to operate effectively as a going concern. Income Trcognition All income is included in the statement of financial aclivilies when Ihe charity is legalty entitled lo it. receipt is probable and the amount can be measured with suftKienl reliability. Grant income Grants are credited lo Ihe slatemenl of financial aclivibes when the charity 15 entitled lo the funds. Income is only deferred where there are lime constraints imposed by the donor or if the funding is performance related. Where entitlement lo grants receivable i8 dependent upon fulfilment of conditions within Ihe charity's control. the incorne is iecognised when there is sufficienl evidence that conditions will be met. Grants 5UPPOrting the core actrvities of the charity and with no speciftc restrictions pkced upon their use are included within donabons and le9acies. Grants that have specific restrictions placed upon their use are included within Income from charitable actNilies. Capiial grants for the purchase of fixed assets are credited lo restricted incoming resources on the earlier dale of when they are received or receivable. Depreciation on the related fixed assets is charged against the reslricled fund. 17
DocuSwJn En¥ewe 10." hACF5402.2B8&4082-W19EE68AF4420 EASTSIDE EDUCATIONAL TRUST (a company limited by guarantee) NOTES TO THE ACCOUNTS (Convd) FOR THE PERIOD ENDED 31ST AUGUST 2022 Income recognition (Conud) Donatlons and legacles 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. Contract Income Income from charitable aclNilies include income recognised as earned {as the related goods and services are provided) under contract. Investment income Investment income 15 included when receivable. Donated services and facilities Donated professional seryices and donated faciltties are recogni5ed as incorne when the charity has control over the item, any conditions associated with the donated item have been mel, the receipt of economic benefit from the use by the charity of the itern is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP IFRS 1021. the general volunleef time is not reco9nised and refers to the trustees. annual report for more informalion about their contribution. On receipt, doriated professional sep4ices and donated facilitS are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing lo pay to obtain services or facilities of equivalent economic benefft on the open markel a corresponding amount is then reco9nised in expenditure in the period of receipt. ExpendituTr recognition and irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation lo make a payment lo a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expendrture is classified under the fr)Ilowing actNity headings". (al Cost of raising funds Comprises Costs of seeking donatKsns and grants and room hire and their associated support costs. {b} Expendilure on charitable activities includes the costs directly associated with running educational programmes. lo further the purposes of the charity and their associated support costs. Irrecoverable VAT is charged as a cost againsl the activity for which the expenditure was incurred. Allocation of support costs Support COSts are those fvnclions that assist the work of the charity but do not directly undertake charitable activilies. Support costs include back office costs, finance, personnel. payroll and governance costs which support the charity's programmes and acb"vits"es. These Costs have been allocated between cost of raising funds and expenditure on charitable aclivilies. The basis on which support costs have been allocaleis are sel out in note 8. Fund accounting Unreslricled funds are available to spend on xtivities that further any of the purrxJse5 of charity Designated funds are unrestficted funds of the charity which the trustees have decided al their diseretion to sel aside lo use for a specific purpose. Reslricled funds are donations which the donor has specffjed are lo be solely used for particular areas of the charity's work or for Specif projects being undertaken by the charrty. 18
Dttuspan Envelope 10. hACF54D2.28884082.W19EE6&4F4420 EASTSIDE EDUCATIONAL TRUST (a company limited by guarantee) NOTES TO THE ACCOUNTS (Conud) FOR THE PERIOD ENDED 31ST AUGUST 2022 Tangible fixed assets Tangible fixed assets are stated at cost less depreciation. IndNidual fixed assets costing £500 or more are capilalised at cost. Oepreciabon is provided at rates calculated to write off the cost or valuati)n of fixed assets. less their estimated residual value, over their expected useful life on the following basis. Freehold land is nol depreciated. Leasehold property 100 years from the date of acquisition Plant and machinery 20% per annum on cost Furnrture, fixtures and equipment 20% per annum on cosl Computers equipment 209h per annum on cost The trading subsidiary, Eastside Resource Management Limited, receNes grants for improvements to the easehold property which are shown in the subsidiary company accounts. Investments Fixed asset investments are stated at cost less provision for diminution in value. 1.12 Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid nel of any trade discounts due. 1.13 Cash at bank and in hand Cash at bank and in hand includes cash and short lemi cash dewsils. 1.14 Creditors and provisions Creditor5 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 norrnalty recognised at their selllement amount after allowing for any trade discounts due. 1.15 Financlal instruments The charity only has financial assets and financial liabilibes of a kind that qualify as basic financial instrurnenls. Basic financial instruments are inilialty recognised al Iransa¢lion value and subsequently measured at their selllement value with the eXCeptn of bank loans which are subsequentty measured at amortised cost using the effective interest rnelhod. 1.16 Pension The charity operates a defined contribution pension scheme on behalf of its employees. Contributions ale charged lo the Statement of Financial Activities in the period in which they are payable. The assets of the scheme are held separately ftom those of the charity in an independently administered fund. 1.17 Taxation The charity is a registered charty and. therefore, rs not liable for Income Tax OT Corporalron Tax on income deiived frorn ils charitable activities, as it falls within the variou5 exemption5 available to reglstered charities. 1.18 Judgement and key sources of estimation uncertainty In the application of the company's accounting policies. the charty is required to make judgments, estimates and assumptsons about the carying amounl of assets and liabilities that are not ieadily apparent froffl other sources. The Èstimates and associated assumptions are based on historical experience and other factor5 that are considered to be relevant. Actual results may differ from these estimates. The estimate5 and undertying 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 affecls only that period, or in the period of the revision and future periods where the revision affecls both current and future perK)ds. 19
DosJn Envelope ID." AACF5402-ZBeM82-9JA6-19EE6BAF4420 EASTSIDE EDUCATIONAL TRUST la company limited by guarantee) NOTES TO THE ACCOUNTS (Contld) FOR THE PERIOD ENDED 31ST AUGUST 2022 GRANTS, DONATIONS AND LEGACIES Unrestricted Restricted Total 2022 Total Funds Funds 2021 Arts Council Funding Arts Council Emergency Grant David Andrew Poetry Award Grft aid HMRC JRS grant Kickstart income Other.donalions Donations in kind 51.254 51.254 78,050 25,000 3,556 3,556 199 199 48,538 6,147 26.189 49.126 6.147 26.189 49,126 17,453 28,079 132,915 3,556 136.471 197,120 The grants, donations and legacies income in 2021 tolalling £197.120 was all attributed lo unreslricled fvnds. The charity is indebted to Google FOundatn for providing free usage of online advertising. Adobe Foundation for providing free $ofVare IenCeS, Slack Technolc*Jies. Inc. for communication SOare. Color Consultancy Limited for discounted Salesfofce consultancy services, Essex Book Festsval ftsr additional promotional support, senior management oversight and venue support and UNESCO UK for staff time and promotional support. The values placed on these contributions are £Nil (2021 £ 5401, £19,950 (2021 £19,9501, £1.469 12021 £1.4691, £3,195 12021 £6.1201. £6.500 {2021 £Nill and £5,000 (2021 £Nill respeclivety. The income equivalent is recognised wrthin income as donabons, and corresponding charge included within marketing costs. information technology costs arbd publierty costs. The charity is indebted lo Writing on the Wall for providing additsonal project support costs and extension activities for SPOKEN WORD POWER, the Cnlerion Theatre for hire of space & front of house staff for SPOKEN WORD POWER, Grimm & Co. for venue support. SPOKEN WORD POWER cross-promolitsn at planned events and additional CrealNe Leaming Manager project support. The values placed on these contributions are £2.01212021 - £Nill, £5.00012021 £ Nil} and £6,OCQ12021 £ Nill respectively. The ineome equivalent is recognised within income as donations. and ciyresponding charge included within direel project costs and premises hire costs. 20
Oaojsgn Envelcge ID.. AACF54D2-2BWO82-W19EE6BAF4420 EASTSIDE EDUCATIONAL TRUST {a Gompany limited by guarantee) NOTES TO THE ACCOUNTS (Contld) FOR THE PERIOD ENDED 31ST AUGUST 2022 INCOME FROM CHARITABLE ACTIVITIES Unrestricted Restricted Funds Fund5 Total 2022 Total 2021 Educational services Grants and donations.. Adobe Foundation - Easlside Partner Schools Adobe Foundation - Females in film Adobe Foundation - Environmental Filmmakers Arts Council England - I know I wish I will Arts Council England - Spoken Word Power A New Direction London Limited 8FI Film Academy City Brid9e Tru51- London Communty Response Fund DCMSIArts Council England= Cultural Recovery Fund Foundation for Future London {FFL) Foundation for Future London {FFL)- Capital equipment fund John Lyon's Charity- Artists in Residence John Lyon's Charity - Verse vs Verse John Lyon's Charity - Spoken Word Power National Lottery Heritage Fund Royal Botanic Garden's Kew- Grow Wild fund Strawoid Arts Trust The BBFC .' Easlside Film Crew Olher donations - Spoken Word Power 5,531 15,591 7,960 11,000 5,000 6,000 6,000 87.989 7.500 17.000 87,989 7,500 17.000 40,000 116,750 8.000 116,750 8,01)o 249,7SO 46,544 35.000 46,544 35,000 10,000 5.000 33,000 35,976 33.000 35.976 500 70,000 70,000 4,000 300 300 Contract income." Schools ineome BFI Film Academy Hackney Council 35,057 35.057 16,273 17,000 2,000 Hackney Council- Shoreditch Communty Fund Soulhwark Council - Partner Schools 7,000 21,800 44,100 2,841 Soulhwark Council - Raise the Curtain Other contract income < £5,000 3.782 3.782 38.839 464,059 502.898 465,346 Income from Charitab activities in 2021 tolalling £465,346 was attributed to unrestrted funds 01 £111,014 and restricted funds of £354,332. 21
Doojsun EnveloFe 10.. AACF5402.2BB&4082.919EE6IFl420 EASTSIDE EDUCATIONAL TRUST la company limited by guarantee) NOTES TO THE ACCOUNTS (Contld) FOR THE PERIOD ENDED 31ST AUGUST 2022 INCOME FROM OTHER TRADING ACTIVITIES Unrestricted Funds Restricted Funds Totsl 2022 Total 2021 Product sa Office hiTe 110 51.000 110 51.000 1.437 8,500 51,110 51,110 9.937 The other trading a¢lNikn"es income in 2021 totalling £9.937 was attributed to UnreStrted funds. INVESTMENT INCOP•lE Unrestricted Funds Restricted Funds Total 2022 Total 2021 Interest on sh deposrts 619 619 220 619 619 220 The inveslrnent income in 2021 totalling £220 was attributed to unrestricted funds. 22
Docusyn Envelope ID". A4CF54D2.28884082-90A6-19EE6&4FM20 EASTSIDE EDUCATIONAL TRUST la company limited by guarnntee) NOTES TO THE ACCOUNTS Iconvd) FOR THE PERIOD ENDED 31ST AUGUST 2022 NET INCOME FROM TRADING ACTIVITIES OF SUBSIDIARY The wholly-owned trading subsKliary. Eastside Resource Man4ement Limited, whh was incorporated on 20th December 2018 and registered in England and Wales, pays all but a Small proportion of ils profits lo the charity by gift aid. The principal aclNity of the subsidiary company 15 thot of property management. The charity owns the entire issued share capital of 100 Ordinary Share5 of £1 each. Accounts will be filed with the Registrar of Companies. A summary of the trading results for the period ended 31st August.2022 is shown below.. 2022 2021 SUMMARY PROFIT AND LOSS ACCOUNT: Turnover 77,265 37.498 other income: Government grant5 Grants trom Parent company 7,122 62.899 38.558 Cost of sales and administration costs Service charge payable to the charity 164,820} 151,000} {70.494) 18.500) Net profit 28,525 Amount gift aided to the charity Retained in the subsidiary 28.525 The assets and liabilities of the subsidiary were: Fixed assets 46.984 61,397 {76,483) 38,640 12,079 119,4991 Current assets Current liabilities Net Current assets 31.898 31,220 Creditors '. falling due after more than one year 14,4451 {3,7701 Net assets 27,453 27,4SO Aggregate share capital and reserves 27,453 27,450 The retained income represents grants lo purchase equipment and re-furbish the building that were applied for by Eas15ide Educational Trust on behalf of both organisalions and therefore is all on the balance sheet as assets, so there is no cash profil to transfer lo the parent charity 23
D(KuSign EDv4ope ID.. AACF5402-28B&4082.gJ4&19EE6&4F4420 EASTSIDE EDUCATIONAL TRUST (a company limited by guarantee) NOTES TO THE ACCOUNTS {ConUd) FOR THEPERIOD ENDED 31ST AUGUST 2022 ANALYSIS OF EXPENDITURE Raising Funds Educational Services Total 2022 Total 2021 Staff costs Direel project costs Pijblicity ¢osls Premises hire costs General support costs {Note 8) Goveman¢e cosls (Note 8) 6,470 119.173 240,785 46,001 8,500 206.682 12,044 125.643 240,785 46,001 8,500 223,534 12,232 102.289 143,942 20.875 16,852 188 404.659 9.234 23,510 633.185 656,695 680.999 Of the £656.695 eXpendr(U in 2022 {2021 £680.999). £46.763 was charged lo desi9nated funds {2021 £Nill, £224.239 wa5 charged to unrestricted funds12021 - £318,260) and £385.693 to restricted funds (2021 £362.739}. SUPPORT COSTS The chafty initially identifies the ¢osts of its support functions. It then identifies those costs which relate lo the governance function. Governance eosts and other support costs are apportioned separately beeen the charity's key aetivtties undertaken {see Note 71 in the year. All the general support and governance Costs have been apportioned to the various charitsble activities on Ihe basis of a proportion of direct costs, allocated lo each activity. General support Governance Total Total function 2022 2021 Staff costs Premises costs 82.650 41.778 2.257 10.860 9.232 91,882 41,778 2.257 10.860 180,531 77,276 2,518 24,480 Communications costs CRM and Project Management Costs Business planning and development C05t Informaln technology and website costs 13.626 13.626 29,880 35,747 12,483 4.404 15,395 4.334 35.747 12.483 4.404 15.395 4.334 3.000 44,943 14,454 1,537 32,847 2,788 2.640 Mortgage interest and charges Legal and professional costs Depreciation Sundry expenses Independent Examinerfs fees 3,(K)O 223.534 12.232 235.766 413.893 24
DorAJSvJn En¥eiope IO. AAGF5402.2BB84082.9)A&19EE6&4F4420 EASTSIDE EDUCATIONAL TRUST (a cofflpany limited by guarantee) NOTES TO THE ACCOUNTS (Contld) FOR THE PERIOD ENDED 31ST AUGUST 2022 ANALYSIS OF STAFF COSTS, TRUSTEES REMUNERATION AND EXPENSES. AND COST OF KEY MANAGEMENT PERSONNEL 2022 2021 Salaries National Insurance Pension 200,078 13.645 3,802 258.684 18,326 5,845 217,52S 282.855 One employee had employee benefils in excess of £60.000 (2021- No employee). No trustee received any remuneratson during the year (2021 - £nil). No Trustee received reimbursed travel expenses during the year12021- no Trustees- £nill. The key management personnel of the chaity comprise the CEO l Artistie Director and the General Manager. The total employee beneffts of the key management personnel of the charity were £94.500 {2021- £149,616). 10. STAFF NUMBERS The average monlhty number of full lime staff employed by Ihe eharity during the year was as follows.. 2022 2021 Raising Funds Educational services Support Governance 0.10 0.10 3.41 1.72 1.52 0.16 5.15 0.18 5.41 11. NET INCOME I (EXPENDITURE} FOR THE YEAR 2022 2021 Net incoming resources are shown after charging.. Depreciation of tangible fixed assets Independent Examinerfs fees 1 5.395 3.000 32.847 2.640 25
DocuS¥Jn En¥dope ID.. AACF54D2-28BW82.9)79EE68AF442O EASTSIDE EDUCATIONAL TRUST la company limited by guarantee) NOTES TO THE ACCOUNTS (Conud) FOR THE PERIOD ENDED 31ST AUGUST 2022 12. TANGIBLE FIXED ASSETS 2022 2021 Leasehold Propety Plantand machinery Computer equipment Furnituff, fIxtuS and equipments 803,635 813,422 2,880 1.192 6.080 807.707 819,502 Leasehold Property Plant & Computer Machinery Equipmen¢ Furniture. Fixtures & Equipment Total COST As al 1st September 2021 Additions Dssposals 978,695 33.966 18.531 3.600 49.251 1.080,443 3,600 As al 31st August 2022 978,695 33.966 22,131 49,251 1,084,043 DEPRECIATION As al 1st September 2021 Charge for the year Disposals 165.273 9.787 33.966 18.531 720 43,171 4,888 260,941 15.395 As al 31st August 2022 175.(0 33,966 19,251 48,059 276,336 NET BOOK VALUES As al 31st August 2022 803,635 2,880 1.192 807,707 As al 31st August 2021 813.422 6,080 819,502 13. FIXED ASSET INVESTMENT 2022 2021 Investment al cost- Eastside Resource Management Limrted 100 100 26
DocuSi9n En¥elwe 10." AACF5402_28884082-W6-19EE6&4F4420 EASTSIDE EDUCATIONAL TRUST (a company limited by guarantee) NOTES TO THE ACCOUNTS {ConVd) FOR THE PERIOD ENDED 31ST AUGUST 2022 14. DEBTORS 2022 2021 Grant and contract income debiors 4,570 3,565 2,103 12,638 5,634 Other debtors Easlside Resource Management Limrted Prepayments 27.205 5.030 37,004 23,940 15. .CREDITORS: amounts falling due within one year 2022 2021 Trade Creditors Taxatton and social security Mortgage loan Other creditors Deferred contract income (note 19) Accruals 11,184 3,718 34,475 1.554 9,535 4,677 21,000 2.359 126,989 9.118 13.822 64.753 173,678 The mortgage loan is secured on the charity's registered office_ 16. CREDITORS: amounts falling due after more tharh one year 2022 2021 Mortgage 430,316 462.703 430,316 462.703 The mortgage loan is secured on the charity's registered 0e and is repayable over 25 years from S December 2016. 27
DocuSKJfi Envelope IO.. AACF54D2-28B84082-5W19EE6W4420 EASTSIDE EDUCATIONAL TRUST la company limited by guarantee) NOTES TO THE ACCOUNTS (Conud) FOR THE PERIOD ENDED 31ST AUGUST 2022 17. MOVEMENT IN FUNDS Balance on 01109121 Income Expenditure Trnnsfe . Balance on 31108122 Restrictsd fun(ts: Adobe Foundation Adobe Foundation- Enuironmental Filmmakers Adobe Foundation- Females in flm Arts cour11 Engknd - Spoken Word Ptr•." Creative Schools Piogramme BFI Film Acalemy David Andre•V Pclry Awwd DCMSIArts Council England". Cultural Recovery Fund Foundation for Futu London {FFLI- Catal equipment furhj John Lyon's Charty- A'sts in Residence John Lyon's Charty- Spoken Wofd PdEr National Lottery Heritage Fund Royal Botsn Carden'5 Kew- Grthv Wild luThJ Other ¢j(allonS- Spoken Word Ptrh 6,081 4.889 6.000 2,200 87,989 50,460 17.(K)O 1,192 6,0 2.2 87,989 85,500 17,(MXI 3,556 35.040 3,556 116,7XI 116,750 27,105 35,000 33,000 4.500 500 19.439 35,000 33,000 35.976 31.476 500 300 300 8,781 467,615 385,693 90,703 Designated fund5.' The Lund Fund Building maintenance fund Equipment mainlenanee and IT Infra'struc fund 18.Crf)O 12.500 20.1 8,562 12,961 10,000 3,938 10.(I)O 12.500 7.5CKJ 9.740 2,500 2,760 Staff eoth'ngency fund 46,763 12,961 19,198 General funds 432.243 223.483 224.239 112,9611 418,526 Tolal unrestricted funds 485,243 223.483 271,002 437,724 Total funds 494.024 691.098 656,695 528,427 28
0owsn Envelope ID.. MCF5402.2B8&4082-9(A6-19EE68AF4420 EASTSIDE EDUCATIONAL TRUST la company limited by guarantee) NOTES TO THE ACCOUNTS (Contld) FOR THE PERIOD ENDED 31ST AUGUST 2022 17. MOVEMENT IN FUNDS (Conud) Movement In funds- previous year Balance on 01104120 Income Expenditure Transfers Balan¢8 on 31108121 Restricted funds.. Adobe Foundation Adobe Foundation.. East&de Partner Schc¥)Is Adobe Foun¢Jalion- FeMaS fikn Adobe Foundation - Enwronmenlal Filmmakers Art5 Coullcil England.. I know I wh I will DCMSIArts Council Engknd.. Cultural Recovery Fund Arts Council ErKJ13fj '. Spoken Wortl Power City Bridge Trusl- LCRF The BBCC.. Easlside Film Crew John Lym's Charity.. Verse vs Verse John Lyon's Charity'.SrKkken Wrxd Pr Royal Botsnic Garden's Kew- Grw Wikl fund 17,188 11,107 5,531 13,391 6,081 5.531 15.591 2.200 11.C 11,C(K) 249.750 249.750 s.0 40,CKIO 4,000 lo,0 40.0 4.QOO 10.OC(J 500 17.188 354,332 362.739 8,781 Designated funds- The Lund Fund Building maintenance fund Equipmenl maintenanc£ IT infrasfmclurÈ fund 18.OC(I 12.500 18,000 12,500 10.OtKI 12,5CKS 10.000 12,500 Slaff contingency fund 53,000 53,000 General funds 432.212 318.291 318.260 432,243 Total unrestricled funds 485,212 318.291 318,260 485,243 Total funds 502.400 672,623 680,999 494.024 29
L)ocA4Son Envewe ID.. AACF5402-288&4082.9)A6-19EE68AF4420 EASTSIDE EDUCATIONAL TRUST (a ¢ompany limit¢d by guarantee) NOTES TO THE ACCOUNTS {ConUd) FOR THE PERIOD ENDED 31ST AUGUST 2022 17. MOVEMENT IN FUNDS ICoTrUd) Descrlptlon, nature and purpose of restricted funds: Adobe Foundation." funding ceiVed from the Adobe Foundation towards building refurbishmenl, purchase of equipment and film programming. Balance Carried fothrd represents un-deprecialed fixed assets. Adobe Foundation Environmental Filmmakers". funding towards young filmmakers cornbating climate change through promoting sustaina.1 Adobe Foundation Females in Films: funding towards supporting 10 young female filmmakers via an extended mentoring scheme and a wider set of online open access workshops. Arts Council England - Spoken Word Power.. funding towards the cost of our new flagship national spoken word programme. Creative Schools Programme was taken over from Stratford Art5 Trust who passed on the £70k raised for the pro1t. Ea5tside also received £8k from Foundatbon for Future London and £10k from A New Direction for this work. BFI Film Academy.. lunding towards the st of Film Academy Short Courses 21122. David Andrew Poetry Award: funding towards a new young poet devek)pment 5¢heme. DCMSIArts Councll England Cultural Recovery Fund." fundiftg for ensuring financial viability through supporting key organisational overhead5. improvements to our premises lo make Ihem more Covid secure, new digital delivery capacities and fundraising and busine55 development consultancy. Foundation for Future London IFFL)- Capital equlpment fund: funding towards capital equipment. John Lyon's Charity- Artists in residence.. funding receNed for artists reSenCieS in London schools. John LyoTr's Charity - Spoken Word Power. lunding receNed for the London component of the Spoken Word Power national programme. National Lottery Heritage Fund- funding towards costs of Celebrating Eastside's Heritage - 30 years of nurturing youth creativity project. Royal Botanic Garden's Kew - Grow Wild Fund: funding receNed on behalf of a young filmmaker for an independent project foi which we have supported the application. Adobe Foundation - Eastside Partner Schools- funding recewed lowards the Eas15ide Partner S¢hoo15 Programme run in Hackney in 2019-2020. Arts Council England I Irnow I wish I will." fundin9 received towards the costs of I know, I wish. I will national Spoken word project. Clty Bridge Trust- London Community Response Fund: funding received to adapt our work lo be able lo present pre-recorded video and live streamed engagement workshops to mitigate the impact of the pandemic. The British Board of Film Classification Eastside Film Crew.. funding received towards the Pfojecl Easlside Film Crew- Equipping Future Contenl Producers. John Lyon's Charity - Vee vs VeTse". funding received each year for three years toward5 delivering Verse vs Verse - a year-long literature programme for 450 children at Primary Schools in North and West London culminating in an annual poetry slam. 30
DocuSi9n Envelope ID.. AACF5402-28B&4082-9W-19EE68AF4420 EASTSIDE EDUCATIONAL TRUST la company Ilmitgd by guarantee} NOTES TO THE ACCOUNTS (Conud) FOR THE PERIOD ENDED 31ST AUGUST 2022 17. MOVEMENT IN FUNDS Icontld) Oescription, nature and purpose of unrestricted funds: General funds: General fund represents furmls available to spend at the discretion of the tnjstees after allowing for all Ihe designated funds. Designated Funds The Lund Fund.. The Lund Fund is a desrgnated reserve that can be drawn on by executive staff or by the programming staff, via a written application lo the trustees. to seed or match fund a project application or to fijlly fund a new programme of OUaCh for children and young people aged 5-25 acTQSS the country. It is named after David Lund, an English teacher with a pa55ion for the arts, who left a sum in his viill to be assigned to organisalions that work in this area, and Eastside was selected by the estate to receive £10,000. This initial bequest enabled Eastside to effectivety fundraise for and deliver I know I wish I will. a national spoken word poetry programme {2019-20). This fund is a principal focus of key individual giving and ¢orporate fundraising campaigns Ihat are nol tied to a Specif project. Building rnaintenance fund: Represents monies desi9nated by the trustees lowaids unforeseen expenditure required on the building to ensure that the operab.on can continue from the premises. Easlside undertook an extensive building refvrbishmenl programme durin9 the year to modernise and maintsin the property to ensure fil for purpose for the future plans of EastsKIe. The capital equipment fund: Represents monies designated by the trustees towards unfoieseen expenditure required lo maintain the operation of the business in the event of the existing equipment becoming obsolete. Wlh the eslablishmenl of the trading affn that will be taking responsibility for the purchase and maintenance of equipment and IT for the organisation and the buikling. The staff contin9ency fund: Represents monies designated by the trustees lo cover any exceptional costs or unforeseen staffing cost that has not been considered in the normal course of business for the charity. 18. ANALYSIS OF FUND BALANCES BETWEEN NET ASSETS General Funds Designated Funds Restricted Funds Total 2022 Tangible fixed assets Investment 806.515 100 1,192 807,707 100 Nel currenl assets 42.227 (430.3161 19.198 89,511 150.936 {430,316} Long lem) liabilitS 418,526 19.198 90,703 528,427 31
Dos#Jn Envelope ID.. AACF54D2-288&4082-9Il9EE60AF4420 EASTSIDE EDUCATIONAL TRUST (a company limited by guarantee) NOTES TO THE ACCOUNTS (Convd) FOR THE PERIOD ENDED 31ST AUGUST 2022 18. ANALYSIS OF FUND BALANCES BETWEEN NET ASSETS {CoTrUd) Analysis of fund balances between net assets- previous year General Funds Designated Funds Restricted Funds Total 2021 Tangible fixed assets Inveslmenl Nel eurrent assets Long letffl liabilities 813.422 100 81,424 {462.703} 6,080 819,502 100 137,125 1462,7031 s3.0 2,701 432,243 53,000 8,781 494,024 19. DEFERRED INCOME Total 2022 Total 2021 Balance as at 1st September Amount released to income in the year Amount deferred in the year 126,989 1126.989) 86,613 {86,613) 126,989 Balance as at 31st August 126,989 Deferred income represents grant income received from the John Lyon's charity of £Nil12021 - £33,000), Arts Council grant of £Nil 12021 £87,989) and Adobe EF of £Nil 12021 £6,000} all for projects to commence in 2021122. 20. RELATED PARTY TRANSACTIONS During the year, the charity received £51,000 (2021- £8.500} from Eastside Resource Management Ltd, a wholly owned subsidiary. for rent and Servi charge and £2.177 towards staff recharges. The Charity made grants to the trading arm Easlside Resource Management of £38,55812021 £62.8991 in the current year. Al the balance sheet dale, the charity is owed £27.205 {2021- £12.6381 by the trading subsidiary. Laura Mariah Hemian (trustee and employee al Adobe} made total donalKins of £4.531 during the year, consisting of a personal donab.on of £250 al the April Foolery event la5 part of the Lund Fund) and additional donations lolalling £4.281 were received via Adobe's giving portal (Benevityl lo reflect Lauia's time on the board plus additional donalK)ns to offer genefal support to EaslsKIe. Anna Nh01$on Ilmsleel made total donations of £300 (2021- £300) during the year. 21. SHARE CAPITAL The charity is ¢onsliluled as a company limited by guarantee and does not have a share capitsl divided by shares. 32