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2025-08-31-accounts

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EASTSIDE EDUCATIONAL TRUST (a company limited by guarantee)

DIRECTORS’ AND TRUSTEES’ REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31ST AUGUST 2025

Company No: 03594475 Charity No: 1077192

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(a company limited by guarantee)

EASTSIDE EDUCATIONAL TRUST

REPORT AND ACCOUNTS

CONTENTS

Page
Directors’ and Trustees’ Report 2 – 11
Independent Examiner’s Report 12
Statement of Financial Activities 13-14
Balance Sheet 15
Statement of Cash Flows 16
Notes to the Accounts 17 – 32

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EASTSIDE EDUCATIONAL TRUST

(a company limited by guarantee)

DIRECTORS’ AND TRUSTEES’ REPORT FOR THE YEAR ENDED 31ST AUGUST 2025

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 August 2025. 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).

OUR PURPOSE AND ACTIVITIES

The principal activities of the charitable company are to empower young lives and young voices through participation in arts programmes that develop their skills and creative thinking.

Eastside’s goal is to become widely known and celebrated as a National Centre of Excellence for Creative Education and learning providing the highest quality creative opportunities to thousands of children and young people annually, in particular those in the most under-invested communities.

We aim to deliver a 'million differences' to young lives across London and the UK by the end of 2029 through our arts and cultural programmes.

Eastside’s vision is a future in which all children and young people’s creativity is valued, nurtured and celebrated.

Eastside 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 celebrations of the children and young people's work.

Our programmes run across two strands:

  1. Schools Programmes: Programmes for children and young people in Primary, Secondary and Special Educational Needs and Disability (SEND) schools, designed to develop young people’s creativity, confidence, collaboration and communication skills.

  2. Film and Digital Media Programmes: Programmes designed for young people (aged 11-25 year) to strengthen their confidence, technical skills around film and digital media arts, and future opportunities at a range of entry points (entry-level, mid-level and professional-level)

The objects for which the organisation was established are:

Our volunteers

We use volunteers to provide additional support in our workshops and creative projects. Volunteers provide a valuable contribution in supporting young people with their learning and also providing practical hands-on support assisting the artists in workshop or event settings. The volunteers' contribution enables us to ensure that each young person in volunteer assisted workshops has an enhanced learning experience.

Achievements and Performance

2024 - 2025 was a highly significant year for Eastside as we celebrated the 20th anniversary of operating from our own premises on the Hackney Road in Shoreditch, London whilst entering our 31st year of existence and our first year of delivering our new strategy entitled: Eastside - Launching a Fourth Decade 2024 - 2029 .

Our year has been enhanced through celebrating a newly refurbished building on July 9th 2025. Matt Lane (CEO) and Victoria Aspden (General Manager) oversaw the delivery of this much needed capital refurbishment project funded by Hackney Council’s Affordable Workspace Fund and Green Energy Fund plus investment from the Foundation for Future London, which has led to major improvements in our building including lift access to both levels, new ventilation and insulation provision, alongside the creation of more affordable workspace and a much more modern and attractive building.

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In this year, the organisation has welcomed new programme investments and partnerships, and has delivered our second highest ever impact figures delivering 2,114 workshops reaching 56,275 children and young people across the UK.

Our period of reporting (1st September 2024 - 31st August 2025) aligns with the school’s academic year.

Autumn Term 2024

Over this period Eastside:

Spring Term 2025

Over this period Eastside

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Summer 2025

NATIONAL PROGRAMMES

SPOKEN WORD POWER - Eastside’s flagship national spoken word poetry programme.

In 2024/25 the programme completed its first year of a new 5-year investment in the programme in London by John Lyon’s Charity. 100 artist-led workshops, 10 in-school slams and 2 sharing events were delivered across the summer term, with some truly inspiring and powerful responses to this year’s theme, The Way I See It . The new model for Spoken Word Power with all workshops taking place in the Spring Term has proven successful and has seen strong levels of engagement.

This year’s Sharing Event at the Criterion in London was a success with over 450 attendees and over 100 young people taking to the stage to perform. We had 4 schools join us from the Spoken Word Power Live programme, with some that had come from as far as Birmingham. We had a range of poems exploring the theme of perspective with reflections on the climate crisis, the role of mothers and even a poem from the perspective of a credit card!

3 poets from Canons High have won the David Andrew Poetry Award and will be taking part in writing and editing masterclasses this term to polish their final piece and then will have the opportunity to create a short film to accompany their poem alongside one of Eastside’s film makers.

This year’s annual Spoken Word Power Anthology, includes over 130 poems written by young people across the country on the theme of Hear my Voice and was published in July 2025.

CREATIVITY LIVE - Eastside’s national live stream workshop offer.

Creativity Live offers interactive livestreams to Key Stage 2 and SEND school students across the UK. Two livestream events: Celebrating Diversity and Celebrating Wellbeing , offer these schools the opportunity to explore these topics through the Livestreams twice a year, and enhance that learning with a series of on-demand video workshops.

Our Celebrating Diversity Live Streams took place in October 2024 through the exploration and celebration of the life of Sybil Phoenix, for Black History Month. This was our most successful single livestream yet in terms of reach, with approximately 128 schools taking part with over 550 classes of students joining from across the country.

Creativity Live Celebrating Wellbeing took place in May 2025, working with KS2 and SEND students to explore the importance and support that comes from communities they are part of through drama and poetry. These workshops aimed to add to the students’ wellbeing toolkits and inject creativity into the schools’ celebration of Mental Health Awareness week. We welcomed circa 7,000 young to the workshops on the day and even more on demand. We received positive feedback, examples below:

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…Our students really enjoyed the session. They were far more engaged than with other live lessons we have used… …It led to some really precious conversations afterwards. Some children reflecting on how their roots weren't in good soil sadly. Lots of children saying that teachers form part of their roots and their trunk which was so encouraging to hear and a reminder of the incredibly important and influential role we play in children's lives…

PRESS AND MARKETING

This has been a busy year for our marketing and communications work as we worked hard to celebrate our 20th anniversary in our building whilst raising awareness of our growing range of activities with children, young people, teachers, educators, artists and schools.

Social Media

In December 2024 we launched a Christmas Campaign fundraiser, as well as promoting our schools’ programmes and tying them into key dates in the calendar such as Children's Mental Health Week. We’ve been focussing on posting reels and video content which has been doing well and reaching much wider audiences beyond our core followers. We have started using Metricool, which has proven to be a big help in coordinating social media posting times and tracking engagement. We have promoted our schools’ programmes on specific teacher Facebook groups.

In the Spring term as part of the April Foolery 2025 gala event, we launched our first Silent Auction, recruiting help from Patrons and Artists to help spread the word on social media, more than doubling our engagement rate compared to the previous term. We’ve been continuing to see success on LinkedIn, with higher engagement rates here than on our other platforms.

Mail outs

We have been continuing to send out regular weekly mail outs to our Schools list, and monthly mail outs to our General list. We have also introduced an April Foolery specific mailing list, as well as one for Desk/room hires. At the end of the time period, we had 6,600 subscribers across all 5 of our lists. We have also continued to send mail outs about our schools programmes with EdCo, an external education marketing company, who help us reach an additional 80,000 educators.

Website

Our website has been continuing to perform well.

PLANS FOR THE FUTURE:

Eastside's CEO / Artistic Director, along with full participation and contribution from the board and staff teams, has delivered a new organisational strategy and business plan entitled Eastside - Launching a New Decade (2024-2029).

This new strategy takes the place of the former plan ‘Unlocking Creative Potential’ business plan (2018-2023) and will lead the organisation forward for five years starting in 2024. This plan clearly articulates the organisation’s vision, mission, aims and values as well as laying out SMART objectives and targets for the organisation, comprising new business development / schools’ programme / film and digital media programme strategies.

Eastside is now poised to deliver this new, evolved strategy supported by a refreshed board and a new chair of trustees (Nov 2023). We will take our learning forward in order to reach even wider pools of children and young people. We will continue to focus our efforts into areas where we can make the most impact and where our unique offer can make the biggest difference to the lives of the young people that we engage with. The staff team is operating effectively within the newly arranged departmental structure (Schools Programmes and Film and Digital Programmes) and key appointments have been made to support the work of these departments. Eastside will now work towards growing the scale and impact of our work with schools and enhancing our reach digitally and online.

We are particularly determined to achieve continuation, growth and expansion of our flagship national programmes SPOKEN WORD POWER and Creativity Live. Alongside this we wish to further grow the reach and impact of our Greater London Eastside Schools Workshops programme and Artists in Residence programme, reaching more boroughs and more schools. We also wish to support the growth of the East Ed programme in East London.

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Our new North Star Statement

Eastside’s goal is to become widely known and celebrated as a National Centre of Excellence for Creative Education and learning providing the highest quality creative opportunities to thousands of children and young people annually, in particular those in the most under-invested communities.

We aim to deliver a 'million differences' to young lives across London and the UK by the end of 2029 through our arts and cultural programmes.

Each ‘difference’ is a unique opportunity to access and participate in the arts, which is fundamental to developing criticalthinking, social and technical skills and to building the future prospects of children and young people.

Staffing changes

In this period Eastside has:

Eastside’s Creative Case for Diversity

Eastside’s vision is ‘a future in which every child and young person’s creativity is valued, nurtured and celebrated.’

Aims 1 and 2 of Eastside’s new 2024-29 business plan are:

  1. To inspire and empower all children and young people to express their voices and realise their full creative potential.

  2. To be fully inclusive, relevant and representative of the communities that we serve.

Again, this year, Eastside has welcomed the arrival of a diverse array of artists to deliver our programmes of work. Eastside continues to use the ‘blind’ recruitment processes for all recruitment activities to ensure that we remove any unconscious bias from our recruitment processes. Eastside continues to work hard to create opportunities for those young people who need it most.

Aim 4 of Eastside’s new plan states: To explore and incorporate appropriate cutting-edge new technology into our creative projects to enrich our offer, meaningfully grow our reach and find new ways to deliver our work.

With the expansion of our digital schools’ workshop offerings ( Creativity Live ) we are now able to reach young people across the country in schools where we formerly had no presence. One of our new trustees, Monti Kgengwenyane brings a blend of technological insight and innovative thinking to the organisation’s mission. His focus is on leveraging cuttingedge technology such as AI to enhance Eastside’s outreach and delve into deeper realms of creativity and impact.

In addition, the great success of our National programmes Creativity Live and SPOKEN WORD POWER, further enhance Eastside’s reach beyond the capital.

PREMISES

In January 2019, Eastside Educational Trust (EET) established a trading subsidiary company, Eastside Resource Management Limited (ERM Ltd) to take on the effective running of the building’s activities including meeting room, equipment and desk space hire. ERM Ltd aims to gift aid any profits generated from this activity to EET, and also aims to remit £51,000 a year to the parent charity as commercial rent for use of the space.

Following the commissioning of a full access audit and building survey, funds were raised from the Foundation for Future London and Hackney Council to undertake a full refurbishment of Eastside’s building including the installation of new lift openings, modern ventilation, proper insulation plus the creation of new flexible office space, meeting rooms and work stations for third party use. The newly refurbished premises along with donor walls and an impact exhibition help Eastside’s building reflect the scale and scope of the organisation’s work.

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Management and governance

Eastside takes a rigorous and proactive approach to management and governance. Eastside’s management team works closely to support the maximum engagement of all trustees responsible for Eastside’s governance through providing direct reports and engaging with all key agenda points at board level meetings. The board also engages directly with fundraising and development activities as well as with the Annual Away Day.

Eastside possesses a risk register which is reviewed regularly at board meetings and reports annually on environmental performance and sustainability.

Public benefit statement

ln shaping the objectives for the year and planning 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.

FINANCIAL REVIEW

Eastside continues to work very hard to ensure its activities and programmes can grow and thrive whilst navigating new challenges including the cost-of-living crisis and public sector cuts (including within schools and educational settings).

Thanks to the hard work, determination, perseverance and dedication of the senior executive teams, the staff, the board and Eastside’s partners, the organisation achieved income of £577,096. Eastside posted a deficit of £26,498 (2024: £5,919) to decrease reserves to £456,826 (2024: £483,324).

Eastside continues to implement key changes in its processes, procedures, operations and activities in order to improve the financial viability and overall financial health of the organisation. The organisation has created a brand-new fundraising strategy and more detail is available in note 1.3 below.

All programme teams are empowered to manage and monitor their own budgets, with regular check-ins and reporting to senior management to ensure that programme budgets and margins are being met. All staff understand that strong financial controls are key to maintaining the growth of their individual programmes and the wider organisation.

Outside of staff focussed fundraising efforts, individual giving remains on the low side at Eastside and the refreshed trustee board will continue to develop its thinking around growing this income stream. The board welcomed the success of the annual April Foolery fundraising gala which took place at The Criterion Theatre in the West End in April 2025.

Eastside maintains sufficient reserves to cover any unexpected costs or unforeseen staffing costs that have not been considered in the normal course of business for the charity.

Risk Management

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 to manage them. A risk register is reviewed regularly at board meetings to assess the major risks faced by the charity and to ensure that the trustees (acting as directors of the charitable company) have a sound knowledge of the charity and are in an informed position regarding its operations.

Reserves Policy

The unrestricted liquid reserves held by the charity are £38,127 (2024 - £63,689).

ln the trustees’ view, the reserves should provide the charity with adequate financial stability and the means for it to meet its charitable objectives 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 (£45k) and recognise that the 2024/25 period was another challenging year given the cost-of-living crisis and public sector cuts. The board will work towards elevating reserves in the 2025/26 period. More detail is available in note 1.3 below. The trustees review the amount of reserves that are required to ensure that they are adequate to fulfil the charity's continuing obligations on a quarterly basis at their quarterly board meetings.

Principal funding sources

Principal funding sources this year have been grants from a range of grant funders and contracts. These funds are used to provide services in furtherance of the Charity’s objectives, as described above.

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Investment powers and policy

Under the Memorandum and Articles of Association, the Charity has the power to make any investment the trustees see fit. The trustees have considered the most appropriate policy for investing funds and have found that cash deposits meet their requirements to generate income.

Related parties

Eastside Resource Management Ltd is a wholly owned subsidiary of the Charity. The Charity receives rent from the subsidiary whose principal activity is property management. The Charity in turn pays Eastside Resource Management Ltd for service charges for the maintenance of the building. Further information on related party transactions, including those associated with trustees, are disclosed in note 19 of the notes to the accounts.

STRUCTURE GOVERNANCE AND MANAGEMENT

The organisation is a charitable company limited by guarantee, incorporated on 8th July 1998 and registered as a charity on 26[th] August 1999. Registered Charity number 1077192.

The charitable company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed by its Articles of Association.

Recruitment and appointment of Trustees

The Directors of the organisation are also the charity trustees for the purposes of charity law. New trustees will be elected by existing trustees on the board and the CEO / Artistic Director in line with revised governance standards in which key areas and skill gaps are identified and addressed. Trustee posts are advertised through trustee finders and on the website. Potential trustees whose profile fills skills gaps are then invited to meet with trustees, the CEO / Artistic Director and senior management team in order to determine whether they are suitable to join the board after which they are asked to shadow the board. One third of the directors of the charitable company (who act as the council of trustees for the charity) retire every year.

The trustees have no beneficial interest in the company other than as members. The trustees are also the directors of the company. All of the trustees are members of the company and guarantee to contribute £1 in event of winding up.

Trustee induction and training

All new Board of Trustee members receive an induction on joining Eastside Educational Trust which includes:

Organisation

The Board of Trustees meet at least four times a year including termly board meetings and an in person Away Day each May and discuss the broad strategy, programme of work and future direction for the organisation. The Board oversees the charity's finances and undertakes periodic reviews of all policies in line with best practice for charities. Board members also visit projects and workshops and will undertake any administrative issues that may arise.

Pay policy for senior staff

Pay for senior staff is determined by the board and reviewed on an annual basis as part of the budget setting process.

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EASTSIDE EDUCATIONAL TRUST

(a company limited by guarantee)

DIRECTORS’ AND TRUSTEES’ REPORT (Cont/d) FOR THE YEAR ENDED 31ST AUGUST 2025

REFERENCE AND ADMINISTRATIVE DETAILS

Company Number: 03594475 Charity Number: 1077192 Directors / Trustees: Edward Benyon Andrew Hall (Treasurer) Laura Herman (Resigned 30[th] November 2025) Nina McKay Ankit Anand Thomas Webb Hari Sahathevan (Resigned 18[th] November 2024) Urs Banziger (Resigned 18[th] November 2025) Tijana Milosevic (Resigned 16[th] September 2025) Samantha Tulloch Motheo Kgengwenyane Senior Management Team: Matthew Lane (CEO) Victoria Aspden (General Manager) Registered Office: Suite 16, Perseverance Works, 37 Hackney Road, Shoreditch, London E2 7NX Independent Examiner : Mr Samir Shah, RAA Ramon Lee Ltd, 93 Tabernacle Street, London EC2A 4B (Previously Ramon Lee Ltd) Bankers: Royal Bank of Scotland, 36-37 New Bridge Street, London EC4V 6BJ COIF Charity Funds, CCLA Investment Management Ltd, 80 Cheapside, London EC2V 6DZ Website: https://eastside.org.uk

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EASTSIDE EDUCATIONAL TRUST

(a company limited by guarantee)

DIRECTORS’ AND TRUSTEES’ REPORT (Cont/d) FOR THE YEAR ENDED 31ST AUGUST 2025

TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS

The trustees (who are also directors of the Eastside Educational Trust 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, of the charitable company 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 THE BOARD AND SIGNED ON ITS BEHALF BY:

Edward Benyon ANDREW HALL CHAIR TREASURER

Suite 16, Perseverance Works 37 Hackney Road Shoreditch, London E2 7NX

24 February 2026

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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF

EASTSIDE EDUCATIONAL TRUST

I report to the trustees on my examination of the financial statements of The Eastside Educational Trust (the Charitable company) for the year ended 31 August 2025.

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.

Responsibilities and basis of report

As the trustees of the Charitable company (and also its directors 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 under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charitable company’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the Charitable company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1) accounting records were not kept in respect of the Charitable company as required by section 386 of the 2006 Act; or

2) the financial statements do not accord with those records; or

3) the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4) the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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 RAA Ramon Lee Ltd Chartered Accountants 93 Tabernacle Street London EC2A 4BA

Dated: 24 February 2026

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EASTSIDE EDUCATIONAL TRUST

(a company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2025

SUMMARY INCOME AND EXPENDITURE ACCOUNT

Current financial year:

Notes
Income
Donations
2
Income from charitable activities
3
Income from other trading activities
4
Investment income
5
Total income
Expenditure
Cost of raising funds
7
Expenditure on charitable activities
7
Total expenditure
Net income/(expenditure) and
net movement in funds for the
year
Reconciliation of funds
Total funds, brought forward
Total funds, carried forward		 Unrestricted
Funds
£
101,661
127,431
65,331
3,982
298,405
64,034
275,806
339,840
(41,435)
444,116
402,681		 Restricted
Funds
£
1,320
277,371
-
-
278,691
-
263,754
263,754
14,937
39,208
54,145		 31/08/2025
£
102,981
404,802
65,331
3,982
577,096
64,034
539,560
603,594
(26,498)
483,324
456,826		 31/08/2024
£
99,812
475,257
68,902
4,687
648,658
43,318
611,259
654,577
(5,919)
489,243
483,324

The unrestricted funds totalling £402,681 as detailed in Note 18, includes capital assets of £775,276 (including Suite 16, Perseverance Works from where the charity operates), a long-term loan of £410,822 (in the form of a mortgage against the property), other fixed assets of £100 and unrestricted liquid funds of £38,127. As such the significant majority of general funds remain tied up within the value of the property from which Eastside Educational Trust operates.

CONTINUING OPERATIONS

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

The notes on pages 17 to 32 form part of these financial statements

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EASTSIDE EDUCATIONAL TRUST

(a company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2025

SUMMARY INCOME AND EXPENDITURE ACCOUNT

Prior financial year:

The notes on pages 17 to 32 form part of these financial statements

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EASTSIDE EDUCATIONAL TRUST

(a company limited by guarantee) BALANCE SHEET AS AT 31ST AUGUST 2025

Notes
£
Fixed assets
Tangible fixed assets
12
Investment
13
Current assets
Debtors
14
35,982
Cash at bank and in hand
95,156
131,138
Liabilities
Creditors falling due with in one year
15
(38,866)
Net current assets
Creditors falling due after more than one year
16
Net assets
The funds of the charity
Unrestricted funds:
General
17
Designated
17
Restricted funds
17
Total charity funds		 31/08/2025
31/08/2024
£
£
£
775,276
785,889
100
100
71,895
118,286
190,181
(69,024)
92,272
121,157
867,648
907,146
(410,822)
(423,822)
456,826
483,324
402,681
425,856
-
18,260
54,145
39,208
456,826
483,324

For the financial period ended 31[st] August 2025 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 accounts were approved and authorised for issue by the Board of Directors and Trustees on 24 February 2026 and were signed on its behalf by:

…………………… …………………...
Edward Benyon Andrew Hall
Company Number 03594475

The notes on pages 17 to 32 form part of these financial statements

15

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EASTSIDE EDUCATIONAL TRUST (a company limited by guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST AUGUST 2025

The notes on pages 17 to 32 form part of these financial statements

16

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EASTSIDE EDUCATIONAL TRUST

(a company limited by guarantee)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2025

1. ACCOUNTING POLICIES

1.1 Basis of preparation of accounts

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 Group accounts exemption

The charity has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the charity as an individual entity and not about its group.

1.3 Preparation of accounts on a going concern basis

The charity’s Financial Statements show positive net assets of £456,826 and this includes the leasehold property at original cost less accumulated depreciation, when current market value is materially higher than this amount. The Financial Statements also show a net deficit for the year of £26,498 (2024 – net deficit of £5,919) and free reserves of £38,127 (2024 - £63,689).

The financial projections for the next twelve months, based on current operating levels, indicate a requirement for additional working capital to meet expenditure requirements and to maintain the current operating scale. The trustees have therefore developed and initiated a comprehensive strategy aimed at securing the necessary longterm funding. Key elements of this strategy include:

Following due consideration of these detailed and credible plans, the trustees are satisfied that the planned fundraising activities, increased desk rental income and property equity release options, either individually or in combination, provide a reasonable expectation the charity will have adequate resources to meet its liabilities as they fall due for a period of at least twelve months from the date of approval of these financial statements. For this reason, the financial statements have been prepared on the going concern basis.

17

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EASTSIDE EDUCATIONAL TRUST

(a company limited by guarantee)

NOTES TO THE ACCOUNTS (Cont/d) FOR THE YEAR ENDED 31ST AUGUST 2025

1.4 Income recognition

All income is included in the statement of financial activities when the charity is legally entitled to it, receipt is probable and the amount can be measured with sufficient reliability.

Grant income

Grants are credited to the statement of financial activities 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.

Capital grants for the purchase of fixed assets are credited to restricted incoming resources on the earlier date of when they are received or receivable. Depreciation on the related fixed assets is charged against the restricted fund.

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.

Contract income

Income from charitable activities include income recognised as earned (as the related goods and services are provided) under contract.

Investment income

Investment income is included when receivable.

1.5 Donated services and facilities

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 is not recognised and refers to the trustees’ annual report for more information about their contribution.

On receipt, donated professional services and donated facilities 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.

18

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EASTSIDE EDUCATIONAL TRUST

(a company limited by guarantee)

NOTES TO THE ACCOUNTS (Cont/d) FOR THE YEAR ENDED 31ST AUGUST 2025

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, 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. The basis on which support costs have been allocated are set out in note 8.

1.8 Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity.

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

1.9 Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Individual fixed assets costing £500 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. Freehold land is not depreciated.

Leasehold property - 100 years from the date of acquisition Plant and machinery - 20% per annum on cost Furniture, fixtures and equipment - 20% per annum on cost Computer equipment - 20% per annum on cost

The trading subsidiary, Eastside Resource Management Limited, receives grants for improvements to the leasehold property which are shown in the subsidiary company accounts.

1.10 Investments

Fixed asset investments are stated at cost less provision for diminution in value.

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.

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EASTSIDE EDUCATIONAL TRUST (a company limited by guarantee)

NOTES TO THE ACCOUNTS (Cont/d) FOR THE YEAR ENDED 31ST AUGUST 2025

1.15 Pension

The charity operates a defined contribution pension scheme on behalf of its employees. Contributions are charged to the Statement of Financial Activities in the period in which they are payable. The assets of the scheme are held separately from those of the charity in an independently administered fund.

1.16 Taxation

The charity is a registered charity and, therefore, is not liable for 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 Judgement and key sources of estimation uncertainty

In the application of the company’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.

1.18 Volunteers and donated services and facilities

Donated professional services and donated facilities are recognised as income when the Charity has control over the item, and conditions associated with the donated item have been met, the receipt of economic benefit from the use by the Charity from the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS102) the general volunteer time is not recognised and refers to the trustees’ annual report for more information about their contribution. On receipt, donated professional services and donated facilities 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 and facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

2. GRANTS, DONATIONS AND LEGACIES

Adobe Fund
Amazon Foundation
Rothchilds Foundation
Harbour Foundation
AKO Foundation
David Andrew Poetry Award
Gift aid
Eastside Resource Management Ltd
Other donations
Donations in kind		 Unrestricted
Funds
£
3,882
4,000
6,500
-
-
765
15,000
9,187
62,327		 Restricted
Funds
£
-
-
-
-
-
1,320
-
-
-
-		 Total
2025
£
3,882
-
4,000
6,500
-
1,320
765
15,000
9,187
62,327		 Unrestricted
Funds
£
2,081
7,000
1,450
5,000
5,000
-
1,083
6,000
8,895
62,327		 Restricted
Total
Funds
2024
£
£
2,081
-
7,000
-
1,450
-
5,000
-
5,000
976
976
-
1,083
-
6,000
-
8,895
-
62,327
101,661 1,320 102,981 98,836 976
99,812

The charity is indebted to Adobe Foundation for providing free software licences, Slack Technologies, Inc. for communication software, Essex Book Festival for additional promotional support, senior management oversight and venue support and UNESCO UK for staff time and promotional support and Google for advertising and promotional support. The values placed on these contributions are £19,950 (2024 - £19,950), £3,195 (2024 - £3,195), £6,500 (2024 - £6,500) £5,000 (2024 - £5,000) and £8,000 (2024: £8,000) respectively. The income equivalent is recognised within income as donations, and corresponding charge included within marketing costs, information technology costs and publicity costs.

20

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EASTSIDE EDUCATIONAL TRUST

(a company limited by guarantee)

NOTES TO THE ACCOUNTS (Cont/d) FOR THE YEAR ENDED 31ST AUGUST 2025

The charity is indebted to Writing on the Wall for providing additional project support costs and extension activities for SPOKEN WORD POWER, the Criterion Theatre for hire of space & front of house staff for SPOKEN WORD POWER, Grimm & Co. for venue support, SPOKEN WORD POWER cross-promotion at planned events and additional Creative Learning Manager project support, National Literacy Trust and Writing East Midlands for SPOKEN WORD POWER. The values placed on these contributions are £2,012 (2024 - £2,012), £5,000 (2024 - £5,000), £6,000 (2024 - £6,000), £5,000 (2024 - £5,000) and £1,670 (2024 - £1,670) respectively. The income equivalent is recognised within income as donations, and corresponding charge included within direct project costs and premises hire costs.

3. INCOME FROM CHARITABLE ACTIVITIES

Educational services
Grants and donations:
Arts Council England : Spoken Word Power
Arts Council England : Artsmark
Arts Council of England - NPO tranche
CTCV Ltd: Brisitish Film Academy
John Lyon's Charity :Spoken Word Power
John Lyon's Charity :Artists in Residence
University of East London - Creative Producers
Workshops
Foundation for Future London (FFL)
National Lottery Heritage Fund
Foyle Foundation
Paul Hamlyn Fund
University College London: East Ed Making the
classroom bigger
Portal Trust: Spoken Word Power
London Borough of Hackney
Englefield Charitable Trust: Creative Live
Chalk Cliff: Creative Live
Contract income:
Schools income
Commission income
Other contract income < £5,000		 Unrestricted
Funds
£
-
-
52,555
-
-
-
-
-
-
-
-
-
-
300
-
-
57,066
13,670
3,840		 Restricted
Funds
£
-
9,000
-
19,370
50,000
40,000
18,500
45,620
57,381
15,000
7,500
10,000
5,000
-
-
-		 Total
2025
£
-
9,000
52,555
19,370
50,000
40,000
-
-
-
18,500
45,620
57,381
15,000
7,800
10,000
5,000
57,066
13,670
3,840
404,802		 Unrestricted
Funds
£
-
-
51,722
-
-
-
-
-
-
-
-
-
-
-
-
50,528
1,931
5,460		 Restricted
Total
Funds
2024
£
£
123,986
123,986
40,000
40,000
-
51,722
19,500
19,500
33,500
33,500
40,000
40,000
7,000
7,000
15,000
15,000
35,976
35,976
-
-
4,500
4,500
46,154
46,154
-
-
-
-
-
-
-
-
-
50,528
-
1,931
-
5,460
365,616
475,257
127,431 277,371 109,641

21

Docusign Envelope ID: 305409B1-F6FA-480F-A073-90DDE95E8A95Docusign Envelope ID: 1A5F8AC1-768E-4BF9-B9A8-628BD83A4A64

EASTSIDE EDUCATIONAL TRUST

(a company limited by guarantee)

NOTES TO THE ACCOUNTS (Cont/d) FOR THE YEAR ENDED 31ST AUGUST 2025

4. INCOME FROM OTHER TRADING ACTIVITIES

5. INVESTMENT INCOME

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EASTSIDE EDUCATIONAL TRUST

(a company limited by guarantee)

NOTES TO THE ACCOUNTS (Cont/d) FOR THE YEAR ENDED 31ST AUGUST 2025

6. NET INCOME FROM TRADING ACTIVITIES OF SUBSIDIARY

The wholly owned trading subsidiary, Eastside Resource Management Limited, which was incorporated on 20[th] December 2018 and registered in England and Wales, pays all but a small proportion of its profits to the charity by gift aid. The principal activity of the subsidiary company is that of property management.

The charity owns the entire issued share capital of 100 Ordinary Shares of £1 each. The Charity acts as a conduit to receive charity capital grants for the repairs and maintenance of the leasehold property which is being recorded in the accounts of the trading subsidiary. Accounts will be filed with the Registrar of Companies. A summary of the trading results for the period ended 31[st] August, 2025 is shown below:

SUMMARY PROFIT AND LOSS ACCOUNT:
Turnover
Other income:
Grants receivable and grants from Parent company
Cost of sales and administration costs
Rent payable to the charity
Net profit
Amount gift aided to the charity
Profit before tax
The assets and liabilities of the subsidiary were:
Fixed assets
Current assets
Current liabilities
Net asset
Creditors : falling due after more than one year
Net assets
Aggregate share capital and reserves		 2025
2024
£
£
69,145
109,927
249,090
31,007
(248,245)
(83,745)
(51,000)
(51,000)
18,990
6,189
(15,000)
(6,000)
3,990
189
31,798
50,252
77,685
44,788
(78,862)
(63,546)
30,621
31,494
(3,845)
(4,445)
26,776
27,049
26,776
27,049

The Company directors agreed to transfer profits of £15,000 (2024: £6,000) to the parent charity

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EASTSIDE EDUCATIONAL TRUST

(a company limited by guarantee)

NOTES TO THE ACCOUNTS (Cont/d) FOR THE YEAR ENDED 31ST AUGUST 2025

7. ANALYSIS OF EXPENDITURE

Of the £603,594 expenditure in 2025 (2024 - £654,577), £0 was charged to designated funds (2024 - £24,192), £339,840 was charged to unrestricted funds (2024 - £260,995) and £263,754 to restricted funds (2024 - £369,390).

8. 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 7) in the year. All the general support and governance costs have been apportioned to the various charitable activities on the basis of a proportion of direct costs, allocated to each activity.

24

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EASTSIDE EDUCATIONAL TRUST

(a company limited by guarantee)

NOTES TO THE ACCOUNTS (Cont/d) FOR THE YEAR ENDED 31ST AUGUST 2025

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

One employee had employee benefits in excess of £60,000 (2024 – One employee).

No trustee received any remuneration during the year (2024 - £nil). No Trustee received reimbursed travel expenses during the year (2024 – no Trustees - £nil).

The key management personnel of the charity comprise the CEO / Artistic Director and the General Manager. The total employee benefits of the key management personnel of the charity were £98,676 (2024 - £94,756).

The pension cost charge of £3,329 (2024: £3,144) represents contributions payable by the Charity to Royal London Pension Fund. Contributions totalling £1,474 (2024: £687) were payable to the fund at year end and are included in other creditors.

10. STAFF NUMBERS

The average monthly number of full-time staff employed by the charity during the year was as follows:

11. NET INCOME / (EXPENDITURE) FOR THE YEAR

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EASTSIDE EDUCATIONAL TRUST

(a company limited by guarantee)

NOTES TO THE ACCOUNTS (Cont/d) FOR THE YEAR ENDED 31ST AUGUST 2025

12. TANGIBLE FIXED ASSETS

  1. FIXED ASSET INVESTMENT

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EASTSIDE EDUCATIONAL TRUST

(a company limited by guarantee)

NOTES TO THE ACCOUNTS (Cont/d) FOR THE YEAR ENDED 31ST AUGUST 2025

14. DEBTORS

15.
CREDITORS: amounts falling due within one year
The mortgage loan is secured on the charity’s registered office.
16.
CREDITORS: amounts falling due after more than one year
Mortgage		 2025
2024
£
£
410,822
423,822
410,822
423,822

The mortgage loan is secured on the charity’s registered office and is repayable over 25 years from 5 December 2016.

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EASTSIDE EDUCATIONAL TRUST

(a company limited by guarantee)

NOTES TO THE ACCOUNTS (Cont/d) FOR THE YEAR ENDED 31ST AUGUST 2025

17. MOVEMENT IN FUNDS

Restricted funds:
Arts Council England - Artsmark
Englefield Charitable Trust: Creative
Schools Programme
BFI Film Academy
David Andrew Poetry Award
Chalk Cliff Foundation: Creative Live
LB Hackney
Foyle Foundation
John Lyon's Charity - Artists in Residence
John Lyon's Charity - Spoken Word Power
Paul Hamlyn Fund
Portal Trust: Spoken Word Power
University College London - Making the
classroom bigger East Ed
Designated funds:
The Lund Fund
Building maintenance fund
Equipment maintenance and IT
infrastructure fund
Staff contingency fund
General funds
Total unrestricted funds
Total funds		 Balance
as 01.09.24
£
25,405
-
-
-
-
-
-
-
-
-
-
13,803		 Income
£
9,000
10,000
19,370
1,320
5,000
7,500
18,500
40,000
50,000
45,620
15,000
57,381		 Expenditure
£
16,605
10,000
19,370
1,320
-
7,500
18,500
40,000
50,000
43,120
-
57,339		 Transfers
Balance
as 31.08.25
£
£
-
17,800
-
-
-
-
-
-
-
5,000
-
-
-
-
-
-
-
-
-
2,500
-
15,000
-
13,845
-
54,145
(23,930)
-
(3,000)
-
(2,500)
-
(2,760)
-
-
(32,190)
-
32,190
402,681
-
402,681
-
456,826
39,208 278,691 263,754
10,000
3,000
2,500
2,760		 13,930
-
-
-		 -
-
-
-
18,260 13,930 -
425,856 284,475 339,840
444,116 298,405 339,840
483,324 577,096 603,594

28

Docusign Envelope ID: 305409B1-F6FA-480F-A073-90DDE95E8A95Docusign Envelope ID: 1A5F8AC1-768E-4BF9-B9A8-628BD83A4A64

EASTSIDE EDUCATIONAL TRUST

(a company limited by guarantee)

NOTES TO THE ACCOUNTS (Cont/d) FOR THE YEAR ENDED 31ST AUGUST 2025

17. MOVEMENT IN FUNDS (Cont/d)

Movement in funds – previous year

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EASTSIDE EDUCATIONAL TRUST

(a company limited by guarantee)

NOTES TO THE ACCOUNTS (Cont/d) FOR THE YEAR ENDED 31ST AUGUST 2025

17. MOVEMENT IN FUNDS (Cont/d)

Description, nature and purpose of restricted funds:

Adobe Foundation : funding received from the Adobe Foundation towards building refurbishment, purchase of equipment and film programming. Balance carried forward represents un-depreciated fixed assets.

Adobe Employee Community Fund : towards funding online workshops streamed to schools.

Arts Council England - Spoken Word Power : funding towards the cost of our new flagship national spoken word programme.

Arts Council England – Artsmark: funding to manage action research in schools/ learning settings to support the creative and cultural learning of children and young people with SEND

Creative Schools Programme was taken over from Stratford Arts Trust who passed on the £70k raised for the project. Eastside also received £8k from Foundation for Future London and £10k from A New Direction for this work.

BFI Film Academy : funding towards the cost of Film Academy Short Courses.

David Andrew Poetry Award: funding towards a new young poet development scheme.

Foundation for Future London (FFL) – Capital equipment fund: funding towards capital equipment.

Foundation for Future London (FFL) – Creative Schools: Westfield East Bank Creative Futures Fund Large Grant Scheme – 3-year award for the delivery of the Creative Schools programme

University of East London – Creative Producers Workshops - funding towards a weekend of filmmaking workshops for a group of 18–30-year-old participants from Newham

Foyle Foundation: funding towards the employment of a Marketing and Communication Officer.

John Lyon’s Charity – Artists in residence : funding received for artists residencies in London schools.

John Lyon’s Charity – Spoken Word Power : funding received 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.

University College London – Making the Classroom Bigger: Funding towards a teacher training programme for schools in the 4 Olympic boroughs (Hackney, Tower Hamlets, Waltham Forest, Newham) alongside East Bank partners BBC, UCL, UAL’s University College of Fashion, V&A and Sadler’s Wells.

Paul Hamlyn Fund (PHF) - a partner application in which Eastside is the lead creative partner with Cleveland Road Primary School to deliver a Teacher Development programme (total budget - £165,000, Eastside to be awarded £82,000) to support the proposal Who Are We?

Chalk Cliff Foundation – funding to help Eastside deliver Creativity Live engaging and inspiring 5000 young people in the East Sussex area.

LB Hackney – Green Energy Fund, to support the installation of ventilation systems to Eastside’s building

Portal Trust: Spoken Word Power - Funding to enable the delivery of the Spoken Word Power programme in the borough of Lambeth in 2026

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EASTSIDE EDUCATIONAL TRUST

(a company limited by guarantee)

NOTES TO THE ACCOUNTS (Cont/d) FOR THE YEAR ENDED 31ST AUGUST 2025

17. MOVEMENT IN FUNDS (Cont/d)

Description, nature and purpose of unrestricted funds:

General funds: General fund represents funds available to spend at the discretion of the trustees after allowing for all the designated funds.

Designated Funds

The Lund Fund: The Lund Fund is a designated reserve that can be drawn on by executive staff or by the programming staff, via a written application to the trustees, to seed or match fund a project application or to fully fund a new programme of outreach for children and young people aged 5-25 across the country. It is named after David Lund, an English teacher with a passion for the arts, who left a sum in his will to be assigned to organisations that work in this area, and Eastside was selected by the estate to receive £10,000. This initial bequest enabled Eastside to effectively 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 corporate fundraising campaigns that are not tied to a specific project. Following four consecutive successful annual fundraiser events for the Lund Fund (2022-2025), Eastside's executive and board wish to pursue other fundraising opportunities and therefore has undesignated this fund in the 2024-2025 year. Eastside may choose to reopen this designated fund in the future.

Building maintenance fund: Represents monies designated by the trustees towards unforeseen expenditure required on the building to ensure that the operation can continue from the premises. Eastside undertook an extensive building refurbishment programme during the year to modernise and maintain the property to ensure fit for purpose for the future plans of Eastside. Following the recent extensive refurbishment, Eastside's executive and board has undesignated this fund in the 2024-2025 year. Eastside may choose to reopen this designated fund in the future.

The capital equipment fund: Represents monies designated by the trustees towards unforeseen expenditure required to maintain the operation of the business in the event of the existing equipment becoming obsolete. With the establishment of the trading arm that will be taking responsibility for the purchase and maintenance of equipment and IT for the organisation and the building. Following the receipt of new capital investments, Eastside's executive and board has undesignated this fund in the 2024-2025 year. Eastside may choose to reopen this designated fund in the future

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 of business for the charity. Eastside's executive and board has undesignated this fund from in the 2024-2025 year. Eastside may choose to reopen this designated fund in the future.

18. ANALYSIS OF FUND BALANCES BETWEEN NET ASSETS

Tangible fixed assets
Investment
Net current assets
Long term liabilities		 General
Funds
£
775,276
100
38,127
(410,822)
402,681		 Designated
Funds
£
-
-
-
-
-		 Restricted
Total
Funds
2025
£
£
-
775,276
-
100
54,145
92,272
-
(410,822)
54,145
456,826

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Docusign Envelope ID: 305409B1-F6FA-480F-A073-90DDE95E8A95Docusign Envelope ID: 1A5F8AC1-768E-4BF9-B9A8-628BD83A4A64

EASTSIDE EDUCATIONAL TRUST

(a company limited by guarantee)

NOTES TO THE ACCOUNTS (Cont/d) FOR THE YEAR ENDED 31ST AUGUST 2025

18. ANALYSIS OF FUND BALANCES BETWEEN NET ASSETS (Cont/d)

Analysis of fund balances between net assets – previous year

19. RELATED PARTY TRANSACTIONS

During the year, the charity received £51,000 (2024 - £51,000) from Eastside Resource Management Ltd, a wholly owned subsidiary, for rent. It also received a donation of £15,000 (2024 - £6,000). The Charity made payments to the trading arm Eastside Resource Management of £17,280 for service charges (2024 - £17,280). At the balance sheet date, the charity is owed £11,240 (2024 - £1,140) by the trading subsidiary.

Laura Mariah Herman (trustee and employee at Adobe) made total donations of £3,982 (2024 - £3,081) during the year, consisting of a personal donation of £100 (2024 - £1,000) and additional donations totalling £3,882 (2024 - £2,081) were received via Adobe's giving portal (Benevity) to reflect Laura's time on the board plus additional donations to offer general support to Eastside.

Ankit Anand is a trustee and employee at Amazon. Amazon made total donations of £0 (2024 - £7,000) during the year to reflect Ankit’s position on the board plus additional donations to offer general support to Eastside.

20. PENSION FUND

The Charity contributes to a Royal London Pension Scheme and details of payments can be found in note 9 above.

21. SHARE CAPITAL

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

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