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2021-03-31-accounts

EAST END COMMUNITY FOUNDATION

(A COMPANY LIMITED BY GUARANTEE)

COMPANY REGISTRATION NUMBER: 08104415 (England and Wales) CHARITY REGISTRATION NUMBER: 1147789 (England and Wales)

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

East End Community Foundation

CONTENTS

Page
Reference and administrative information 2
Chairman’s Report 3
Trustees’ Report 4
Report of the Independent Auditor 13
Statement of Financial Activities 17
Balance Sheet 18
Statement of Cash Flows 19
Notes to the Financial Statements 20

East End Community Foundation Year ended 31 March 2021

REFERENCE AND ADMINISTRATIVE INFORMATION

Registered Office Jack Dash House
2 Lawn House Close
London
E14 9YQ
Company Number 08104415 (England and Wales)
Charity Number 1147789 (England and Wales)
Company Secretary John Dawson
c/o EECF
Jack Dash House
2 Lawn House Close
London
E14 9YQ
Bankers Barclays Bank Plc
1 Churchill Place
London
E14 5HP
Auditors Buzzacott LLP
130 Wood Street
London
EC2V 6DL
Investment Managers Investec CCLA
30 Gresham Street Senator House
London 85 Queen Victoria St
EC2V 7QN London
EC4V 4ET
Sarasin & Partners Eden Tree Investment Management
Juxon House 24 Monument Street
100 St Paul’s Churchyard London
London EC3R 8AJ
EC4M 8BU

2

East End Community Foundation Year ended 31 March 2021

CHAIRMAN’S REPORT

Chairman’s Report

This has been a year like no other. The impact the Covid pandemic has had on the communities we serve has been catastrophic. The already pressing challenges facing people living in the East End including unemployment, loneliness, deprivation and social exclusion have all been exacerbated over the past 18 months.

I am proud that the East End Community Foundation (EECF) was able to step up, convene funders, and drive support where it was most needed. Donations poured in to the EECF in unprecedented amounts, allowing us to distribute over twice as much in funds and provide nearly three-times more grants compared to the previous year. We are truly grateful to all the donors, voluntary sector organisations and volunteers who have taken the fighting spirit of the East End to new heights and have supported each other through these turbulent times like never before.

The pandemic has brought to light the deep-rooted inequality that exists in the East End. This is not going to change unless longer-term, more sustainable support is targeted where it is most needed. Moving forward, our work will be driven by three themes, which last year we identified as priority areas: supporting the wellbeing of older people in the East End – half of whom are now living below the poverty line and many more in isolation; tackling digital exclusion which has proven a critical barrier to accessing education and vital services; and improving the wellbeing and employment opportunities for young people who have been disproportionately affected by unemployment and mental health issues. Over the next year we will focus our efforts on broadening our support base through our Life Chances Campaign which aims to raise and distribute £5 million to support grassroots organisations improving the lives of some of the most vulnerable people in the East End. I am grateful to everyone who has pledged their support to the campaign so far.

As my term as Chairman of the EECF comes to an end in November, I wish to thank current and former trustees for their support and contribution during my tenure. Special thanks and appreciation also go to Sister Christine who is stepping down as Trustee of EECF. Her knowledge, compassion and dedication to the people of the East End have informed the way we work to a huge extent, and the lives that have been turned around because of her role in the community are countless. I am thrilled that she will continue to support the EECF as an advisor on the Grants Panel. I look forward to continuing to work closely with EECF to see the benefits of its efforts shine through across communities in the East End as I am certain they will.

Howard Dawber Chairman

30 October 2021

3

East End Community Foundation Year ended 31 March 2021

TRUSTEES’ REPORT

Trustees’ Report

The East End Community Foundation (EECF) has been advising and co-ordinating charitable giving since 1990. Our purpose is to promote the relief of poverty and we do this by staying abreast of social needs locally and advising, matching and administering charitable donations on behalf of individuals, companies and statutory bodies committed to supporting those most in need in Tower Hamlets, Hackney, Newham and the City of London.

As a local grant maker we have excellent and ever developing knowledge of the charitable sector across East London and we are uniquely connected to its people and challenges. Our experience and expertise provide us with a thorough understanding of the causes and solutions to tackling poverty and our services are tailored to meet the specific requirements of both the community and our fund holders.

As an advisor, we are dedicated to ensuring our fund holders and donors get the most from their charitable investments, educating them on local issues and bring them closer to the causes they are seeking to support.

Our experienced staff team provide our fund holders and donors with a comprehensive service of support, including advice on effective charitable giving in the East End through to full management of their funds. Throughout the process donors have full control of decision making.

Structure, governance and management

The East End Community Foundation (EECF) is a registered charity (No. 1147789) and company limited by guarantee (No. 08104415). It was incorporated on 13[th] June 2012 and became operational on 1[st] October 2012, as a result of a merger between the Isle of Dogs Community Foundation (IDCF) and St Katharine & Shadwell Trust (SKST). The trustees, who are also Directors of the charitable company, present their report and audited financial statements for the year ending 31[st] March 2021. In presenting this report the trustees have complied with the Statement of Recommended Practice, Accounting and Reporting by Charities (FRS102) the Charities’ SORP, the Companies Act 2006 and applicable United Kingdom Generally Accepted Accounting Practice.

The board of trustees may consist of no more than 15 trustees or no fewer than 9 (excluding co-optees). Trustees are appointed from our four classes of membership, based on the skill set required by the Foundation. EECF seeks to possess a Board that has equal representation from three classes of membership eligible to hold a seat: Business, Statutory and Voluntary.

The Articles state trustees can serve a term of 3 years before having to stand for re-election. Trustees who have served 3 consecutive terms shall not serve for a further term commencing earlier than the end of the Annual General Meeting following that at which he/she retired from office.

Trustees may co-opt up to 5 further individuals who bring specific skills or expertise not already represented on the Board. Further expertise is also brought in the form of ‘contributors’. These individuals support specific aspects of EECF’s work and their involvement is generally confined to a committee. Neither co-optees or contributors have voting rights.

Board of trustees

For the purposes of the Companies Act 2006, the board of trustees is regarded as the Board of Directors of the company.

EECF has a formal trustee induction process that includes receipt of a trustee handbook, a one to one meeting with the Chief Executive and where appropriate this is followed by a further meeting prior to their first Board meeting to take them through the agenda and provide useful background information. Where possible trustees are also encouraged to visit some of our grantees to better understand the needs of the community and the impact of our work. 4

East End Community Foundation Year ended 31 March 2021

TRUSTEES’ REPORT

No remuneration or expenses were paid to trustees or co-optees during the year. All declarations of interest are held on a formal register and trustees must raise these, where relevant, at the start of board and committee meetings. In those cases, this is noted in the meeting minutes and trustees are excluded from the discussion and decision-making process.

The trustees of the company during the period and to the date of signing this report are as follows:

Trustee Name Member Membership Class
Howard Dawber (Chairman) Canary Wharf Group Business
Katherine Webster (Vice Chair) Individual
Marshall Bailey (to 30/06/20) Individual
Babu Bhattacherjee (from 14/05/21) The LETTA Trust Charity
Vicky Clark London Borough of Tower Hamlets Statutory
Rev Jeremy Fraser Church of England Voluntary
Sister Christine Frost SPLASH Voluntary
Jim MacHale Clifford Chance Business
Bronek Masojada (from 10/08/21) Individual
Ashley Mullins (to 31/12/20) Chubb Business
Guy Nicholson London Borough of Hackney Statutory
Sahidur Rahman Limehouse Boxing Academy Voluntary
Rick Watson AFME Business
James Wright Northern Trust Business

The charity has the power to co-opt up to five additional people to the board. Co-optees as of 31[st] March 2021 were Adrian Greenwood, Wendy Miller and Ian Burpitt.

Management

The day to day running of the charity is delegated to the Chief Executive, Tracey Walsh, and her staff. The Board is responsible for setting strategies and policies for the charity and ensuring that these are implemented. To assist the Board with its work, EECF has four Committees to supervise the management and administration of the charity, the functions of which and members and contributors are as follows:

Finance & Administration

James Wright (Chair) Howard Dawber Rick Watson Jim MacHale

Grants Fundraising & Development Katherine Webster (Chair) Rick Watson (Chair) Vicky Clark Marshall Bailey Sister Christine Frost Howard Dawber Shah Rahman Ashley Mullins Guy Nicholson

Co-optees / Contributors Adrian Greenwood Mark Sherlock

Co-optees / Contributors Co-optees / Contributors George Pye Adrian Greenwood Stella Bailey Mark Sherlock Rita Bensley

Nominations

Jim MacHale (Chair) Vicky Clark Howard Dawber Shah Rahman Katherine Webster

5

East End Community Foundation Year ended 31 March 2021

TRUSTEES’ REPORT

Staff Remuneration

Staff salaries are set in line with similar sized charitable organisations and are sense checked with recruitment consultants. In additional to trustees, key management personnel in the period to 31[st] March 2021 were Tracey Walsh (CEO), Stephanie Fuller (Head of Development) and Paige Murphy (Head of Grants and Community Engagement). All staff, including key management personnel, are eligible for an annual increase of 2% subject to meeting a specific grade as part of EECF’s appraisal process. Trustees are not remunerated for their role with the Foundation.

Risk Management

Through the work of the Finance & Administration committee, the trustees identified and reviewed the major risks to which the charity is exposed and have established systems to mitigate those risks. EECF’s most significant potential risk relates to a drop in value of its endowment, leading to a loss of income, which would materialise as a reduction in grant making and contribution to overheads. In addressing this issue, the charity regularly reviews its investment strategy and the performance of its investment managers, details of which are listed on page 2. The loss of key staff is also considered a significant risk so the Foundation regularly undertakes salary benchmarking and keeps staff engaged and informed of EECF’s progress and strategic direction.

Equal Opportunities

EECF is committed to a policy of equal opportunities in the selection, training, career development and promotion of all people, regardless of gender, marital status, race, colour, religion, disability or sexual orientation. The charity encourages people with a disability to participate fully in organisational activities, consistent with their ability, so that they can maximise the use of their knowledge, experience and skills in the charity’s work.

Grant Making

Grants are awarded to registered charities, voluntary and community groups and other not for profit organisations that have their own constitution and bank account. All are based within or delivering services directly benefiting residents within Tower Hamlets, Hackney, Newham and City of London.

As a Community Foundation our mission is to support grassroots activities and, as such, our grants programme has been designed to do just that. Grants of up to £800 for one-off items of expenditure, e.g. equipment, social activities, training for small community organisations through to grants of up to £50,000 for larger organisations delivering quality initiatives that address the high levels of unemployment that exist locally. However, a broader range of activities are also funded and our grant application and monitoring process is reflective of the value and purpose of grants being sought and awarded i.e. lower value grant requests have a simplified application form and monitoring requirements in comparison to larger value grants.

Grants are awarded from EECF’s own financial resources as well as from funds that we manage on behalf of third parties. Full details of all grant awards and the donors that supported them during the period are listed in Note 6 of these accounts.

6

East End Community Foundation Year ended 31 March 2021

TRUSTEES’ REPORT

Other Charitable Activity

As a philanthropy advisor, EECF is focused on understanding the community’s needs and directing donor funds to the charitable organisations best placed to deliver. In addition to community investment in the area through grant making, EECF provides a ‘Funding Plus+’ offer that supports the voluntary sector with capacity building activities including sourcing corporate volunteers, workshops on funding opportunity and guidance on how to submit a strong funding application. The workshops moved online during the pandemic and were extremely well attended, with attendance on average double that when delivered in person. In part this was a result of the voluntary sector seeking emergency funding, but positive feedback from participants led us to continue delivering the workshops in this format and we anticipate maintaining this going forward.

Our Winter Appeal is another area that saw a significant increase in reach in 2020/21. Although it operated with fewer corporate volunteers than in previous years, as a result of social distancing, we worked more closely with the voluntary sector who acted as effective distribution partners, reaching those older people most impacted by the pandemic. In 2020/21 we distributed 1,600 care packages compared to 1,086 in the prior year.

Aims and Objectives for the Public Benefit

EECF exists and operates for the public benefit. Through its grant making and co-ordination of charitable giving locally, it works to reduce inequality and poverty within its geographical remit.

The formal objective of EECF, as set out in the Memorandum and Articles of Association, is to promote the relief of poverty and sickness of persons within the London Boroughs of Tower Hamlets, Hackney, Newham and City of London.

The Board is satisfied that all current programmes, both grant making and our other charitable activities meet the requirement of providing public benefit as defined by the Charity Commission.

In 2020/21 EECF committed to focusing its efforts on achieving the following:

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East End Community Foundation Year ended 31 March 2021

TRUSTEES’ REPORT

Financial Review

Investment Strategy

To strengthen the skills and expertise of the Finance & Administration Committee, EECF continues to benefit from independent pro-bono guidance from Mark Sherlock of Hermes Investment Management in reviewing and monitoring the performance of our investment managers as well the investment policy. All three investment managers (Sarasin, CCLA and Investec) engaged in regular communication with the Chief Executive and Finance & Administration Committee to discuss performance and investment strategy in addition to providing quarterly performance reports.

EECF’s Investment Policy is regularly reviewed and unchanged since May 2018. The document sets out the Foundation’s remit to maintain the level of income in real terms, seeking a return of 4%, and increase capital growth based on a real return of 6%. Investment restrictions are confined to anything the charity would feel uncomfortable investing in as well as mid to large capitalisation, direct or pooled. A review of the investment policy with an eye on increased ethical investments is planned for late 2021/22. Having a medium-risk approach to investments served the Foundation well and generated an income return of £0.7m for the period alongside net investment gains of £3.8m as a result of market value movements.

EECF undertook a review of its investment managers in early 2020/21 and later tendered an opportunity for the management of its unrestricted funds. This positive process led to the appointment of Eden Tree Investment as a result of its strong Environmental, Social and Governance credentials. The transition from Investec to Eden Tree commenced in late 2020/21 and concluded in August 2021.

Reserves Policy

The reserves policy states EECF should aim to keep a minimum reserve of £640k of general unrestricted funds to enable it to deliver a grants programme addressing social needs across its area of benefit, to meet the associated administrative costs of grant making and having core staff focused on donor development. At 31 March 2021, EECF had total reserves of £27.7m of which £25.9m was for designated or restricted purposes and/or forms part of the permanent endowment funds. The unrestricted balance of the funds amounted to £1.8m which meets the reserves policy requirement.

Designated funds of £4.2m remain to support any shortfall in our annual grant making budget (£0.6m), to offer an endowment match incentive programme (£1.2m) and to directly invest in property as a means of diversifying our income stream (£2.5m).

Review of the period

We are extremely proud of what we achieved in the year ending 31[st] March 2021. Our investment in local communities has always been important but our role as the primary funding source during the pandemic for many charitable organisations locally perfectly showcased our purpose, ability and agility.

In addition to establishing an Emergency Fund in response to the pandemic, EECF supported existing grantees as well as opening non-emergency grant funds under its management, resulting in its busiest year to date. We also conducted stakeholder interviews and round table events to remain abreast of the community’s changing needs.

In the twelve months to 31[st] March 2021, EECF received 1,277 funding requests totalling £9.3m. We awarded 539 grants totalling £3.2m based on budget availability to support a wide range of social needs, of which £1.9m was in direct response to the pandemic.

8

East End Community Foundation Year ended 31 March 2021

TRUSTEES’ REPORT

In addition to working closing with the National Emergencies Trust and the Department of Culture Media & Sports as major donors to our Emergency Fund, our work attracted new donors as well as increased levels of funding from existing donors. The collaborative funding approach was effective in achieving collective agility, reach and impact in response to the communities heightened needs. This approach also reduced the administrative burden on the charitable organisations with only one donor to apply to.

Income for the period to 31 March 2021 totalled £4,826,395 (2020: £2,497,409) against which total expenditure of £4,167,026 (2020: £2,391,498) was incurred. Both were far higher than we had planned to achieve in the 202/21 budget, but close financial monitoring throughout the year meant EECF was able to release regular tranches of funding for emergency response initiatives as and when money was received from donors, while keeping overheads to a minimum. In addition the financial markets performed well and by Q2 we had recouped the loses incurred in Q4 of 2019/20. Trustees received regular updates and were extremely pleased with EECF’s performance throughout the year. EECF defines its donor categories as Business, Trusts & Foundations, Statutory and Individuals. Income is generally highest under Business but in 2020/21 this was far exceeded by Trusts & Foundations as a result of our partnership with the National Emergencies Trust in response to the pandemic. Individual giving was also significantly higher as the public and staff of our business supporters responded to the global health crisis. As the UK returns to some level of normality, we expect to operate in line with the financial projections set out in our business plan. However we are hoping to capitalise on the clear benefits of collaborative giving and maintain partnership arrangements with business who worked with us for the first time in 2020/21.

All Board and Committee meetings went ahead as scheduled and trustees and supporters remained actively engaged.

EECF’s business plan covers a five year period to 31[st] March 2022 with clear criteria to guide the work of the charity. Our key objectives and plans for the year ending 31[st] March 2021 are detailed on page 8 of this report. Achievement or significant progress was achieved on each objective, and where progress was slower than anticipated this was a result of the pandemic and therefore not within our control.

Overall, 2020/21 was a busy and productive year.

Grant Making

During the past year EECF has managed 18 grant funds and distributed £3,153,986 in grants typically ranging from £200 up to £50,000. As in previous years we have awarded funding to a diverse range of not-for-profit organisations serving our vibrant community here in the East End.

Here at EECF we have always embraced the diversity of our community and the ability that only local grassroots community organisations can have in identifying and reaching those most in need of support. In 2020/21 a significant proportion of our time focused on our emergency response to the pandemic and with those from marginalised communities being more affect our funding reflect that with 42% of the funding we awarded went to BAME-led organisations.

EECF has actively sought to encourage potential donors to establish charitable funds to improve their impact and reach across East London, as well as collaboration between existing donors where possible.

Our long established message of working together for greater impact came to fruition this year as a result of the pandemic and our successful Emergency Fund response. Many businesses recognised the multiple benefit of working with us, including improved reach, reporting and impact.

9

East End Community Foundation Year ended 31 March 2021

TRUSTEES’ REPORT

Business Development

Despite neighbouring the wealthy areas of Canary Wharf and the City of London the East End of London suffers from extremely high levels of deprivation, adversely affecting children and older people. Unfortunately, these needs and the localised approach needed to effectively address them are often overlooked by those with the ability to give in favour of higher profile national charities.

To significantly improve our impact and achieve meaningful long term change for the communities we serve, EECF is committed to challenging the approach of donors to seek a more collaborative approach to community investment locally.

Starting with a business event hosted by the Bank of England, Mark Carney and EECF highlighted the high levels of hardship that exists and the need to support the communities on their doorstep. This was followed by a series of one-to-one meetings to further the conversation, understand their charitable giving priorities and consider how they might align more with local needs.

At this time the UK was put in lockdown in response to the world health pandemic and our Emergency Response Fund was launched, offering an opportunity for businesses to engage and adopt a hyper local focus. The Fund got off to a positive start and in 2020/21 EECF will seek to build upon this work.

Fundraising

Whilst many of the individuals, trusts, and corporations which donate to Foundation undertake their own fundraising activities, EECF does not itself actively fundraise, and has had minimal fundraising activity of its own during the period of report. The Foundation is, however, registered with the Fundraising Regulator. It does not use any third parties in relation to fundraising, and has received no complaints in this regard.

Development plans for our freehold property in Poplar

The pandemic has had a significant negative impact on the property market, so despite identifying a suitable development partner we chose not to formalise our arrangement but wait until we have evidence of a recovery. However we have not rested, we have continued to liaise with neighbouring land owners on their proposed schemes and collectively designed improvements the public realm. We have also actively contributed to the Local Authority’s South Poplar Master Plan consultation to ensure there is a clear framework for when we are ready to advance to the planning application stage.

EECF is committed to ensuring we have a comprehensive offer that is right for both the charity and local community.

Staff and Trustee Recruitment

We operated for much of the year slightly under-resourced due to recruitment during lockdown taking slightly longer than under usual circumstances. We also had a number of vacancies to fill so chose to phase recruitment due to our high workloads. Capacity was added to the team and key areas of work were achieved by utilising freelancers, which worked extremely well.

Trustees remained engaged throughout 2020/21 and adapted well to holding Board and Committee meetings online. All meetings went ahead as planned. Two trustees stepped down during the year and two new trustees were appointed following the end of the 2020/21 financial year. Recruitment for the remaining vacancies is underway but EECF continues to possess an effective, committed and cohesive board of trustees.

10

TRUSTEES’ REPORT

East End Community Foundation Year ended 31 March 2021

Profile Raising

Although EECF achieves a huge amount for the benefit of the community, we have been guilty of operating ‘below the radar’. To address this EECF agreed to create a Communications Manager post, which was filled temporarily in November 2020. This appointment helped us think through our needs, review existing resources, applied methods and start planning for the future. A permanent appointment was then made in May 2021, and it is hoped this will now give us the opportunity to streamline our communications and develop a clear strategy to take us forward. In addition to this post our freelance development team also undertook a series of stakeholder interviews so that we could better underway how EECF is perceived. They proved insightful and it was extremely pleasing to learn that those that have engaged with us rate us highly but agree that EECF needs to raise its profile and celebrate its achievements.

Business Plan

Although a new business plan was not available by the year end, a review of the current plan suggested no significant changes were required. To guide our work the current plan was extended by 18 months to March 2022 and key elements within the strategy were prioritised. Work on a new multi-year business plan will be completed by March 2022 and will reflect learnings and progress as a result of the Emergency Fund, changing community needs, increased staff resources and the appointment of a new Chair

Plans for the future

In 2021/22 EECF will focus its efforts on achieving the following:

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East End Community Foundation Year ended 31 March 2021

TRUSTEES’ REPORT

Statement of Trustees’ Responsibilities

The trustees are responsible for preparing the trustees’ report and the financial statements in accordance with applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the Trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Audit information

So far as each of the directors at the time the trustees’ report is approved is aware:

The accounts have been prepared in accordance with the special provisions of Section 415A of the Companies Act 2006 relating to small entities.

Approved by the Board of Trustees and sign on its behalf by:

Howard Dawber Chairman and Trustee

4 November 2021

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REPORT OF THE INDEPENDENT AUDITOR

East End Community Foundation Year ended 31 March 2021

Independent auditor’s report to the members of East End Community Foundation

Opinion

We have audited the financial statements of East End Community Foundation (the ‘charitable company’) for the year ended 31 March 2021 which comprise the statement of financial activities, the balance sheet, and statement of cash flows, the principal accounting policies and the notes to the financial statements. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report and financial statements, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report and financial statements. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

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REPORT OF THE INDEPENDENT AUDITOR

East End Community Foundation Year ended 31 March 2021

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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East End Community Foundation Year ended 31 March 2021

REPORT OF THE INDEPENDENT AUDITOR

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the charitable company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of noncompliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

15

A further description of our responsibilities is available on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Gumayel Miah (Senior Statutory Auditor) For and on behalf of Buzzacott LLP, Statutory Auditor 130 Wood Street London EC2V 6DL

30 November 2021

16

Statement of financial activities (incorporating an income and expenditure account)

East End Community Foundation

For the year ended 31 March 2021

Note
Income from:
2
3
4
5
5
5
7
Total funds brought forward as previously stated
Prior year adjustment (see note 20)
Total funds carried forward
Net income / (expenditure) and net
movement in funds
Total funds brought forward as restated
Transfers between funds
Net gains / (losses) on investments
Net income/ (expenditure) for the year
Raising funds
Total expenditure
Net income before net gains / (losses) on
investments
Charitable activities
Grant making
Other charitable activities
Donations and legacies
Investments
Total income
Expenditure on:
Other trading activities		 Unrestricted
£
350,066
16,054
302,894		 Restricted
£
3,770,299
6,316
380,766		 Endowment
£
-
-
-		 2021
Total
£
4,120,365
22,370
683,660		 Unrestricted
£
198,964
12,623
334,320		 Restricted
Endowment
£
£
1,529,878
-
2,400
-
419,224
-		 2020
Total
£
1,728,842
15,023
753,544
As restated
669,014 4,157,381 - 4,826,395 545,907 1,951,502
-		 2,497,409
234,090
218,896
187,752		 162,504
3,225,757
138,027		 -
-
-		 396,594
3,444,653
325,779		 299,811
232,272
75,087		 40,076
-
1,594,453
-
149,799
-		 339,887
1,826,725
224,886
640,738 3,526,288 - 4,167,026 607,170 1,784,328
-		 2,391,498
49,276
28,276		 -
631,093		 3,739,486
-		 3,788,762
659,369		 (7,887)
(61,263)		 -
(1,205,276)
167,174
-		 (1,213,163)
105,911
77,552
(144,731)		 631,093
116,444		 3,739,486
28,287		 4,448,131
-		 (69,150)
(14,163)		 167,174
(1,205,276)
(38,119)
52,282		 (1,107,252)
-
(67,179)
-
-		 747,537
-
-		 3,767,773
-
-		 4,448,131
-
-		 (83,313)
5,826,148
319,107		 129,055
(1,152,994)
2,989,529
15,559,117
(1,460,161)
1,141,054		 (1,107,252)
24,374,794
-
6,061,942 1,658,423 15,547,177 23,267,542 6,145,255 1,529,368
16,700,171		 24,374,794
5,994,763 2,405,960 19,314,950 27,715,673 6,061,942 1,658,423
15,547,177		 23,267,542

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 19 to the financial statements. A separate summary income and expenditure account has not been prepared as this would simply reflect the movements on the unrestricted and restricted column above.

The accounting policies and notes on pages 20 to 41 form part of these financial statements.

17

East End Community Foundation

Company no. 8104415

Balance sheet

For the year ended 31 March 2021

Note
£
Fixed assets:
12
13
22
Current assets:
14
76,616
22
1,830,086
1,906,702
Liabilities:
15
(380,291)
19
4,231,394
1,763,369
Total unrestricted funds
Cash held in investment portfolio
Tangible assets
Listed Investment
Creditors: amounts falling due within one year
Net current assets
Debtors
Cash at bank and in hand
Total net assets
The funds of the charity:
Total assets less current liabilities
Designated funds
Restricted income funds
Unrestricted income funds:
General funds
Endowment funds
Total charity funds		 2021
£
2,793
23,885,506
2,300,963
26,189,262
1,526,411
27,715,673
27,715,673
2,405,960
5,994,763
19,314,950
27,715,673		 £
190,062
1,305,833
1,495,895
(200,424)
4,231,394
1,830,548		 2020
£
3,595
19,650,782
2,317,694
As restated
21,972,071
1,295,471
23,267,542
23,267,542
1,658,423
6,061,942
15,547,177
23,267,542

The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of the financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The accounting policies and notes on pages 20 to 41 form part of these financial statements.

Approved by the Board of Trustees and signed on its behalf by

Howard Dawber Chairman and Trustee

4 November 2021

18

East End Community Foundation

Statement of cash flows

For the year ended 31 March 2021

Note
21
22
Proceeds from sale of investments
Cash flows from operating activities
Net cash provided by / (used in) operating activities
Cash flows from investing activities:
Dividends and interest from investments
Purchase of investments
Net cash provided by investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 £
£
269,824
683,660
908,611
(1,354,573)
237,698
507,522
3,623,527
4,131,049
2021		 £
£
(726,433)
753,544
122,258
(20,958)
854,844
128,411
3,495,116
3,623,527
2020		 £
£
(726,433)
753,544
122,258
(20,958)
854,844
128,411
3,495,116
3,623,527
2020
128,411
3,495,116
3,623,527

The accounting policies and notes on pages 20 to 41 form part of these financial statements.

19

East End Community Foundation

Notes to the financial statements

For the year ended 31 March 2021

1 Accounting policies

a) Basis of preparation

EECF is a registered charity, limited by guarantee, in the United Kingdom. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 2 of these financial statements. The nature of the charity's operation and principal activities are to promote the relief of poverty and sickness of persons within the London Boroughs of Tower Hamlets, Hackney, Newham and City of London. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

b) Public benefit entity

The charitable company meets the definition of a public benefit entity under FRS 102.

c) Going concern

The trustees has considered the working capital requirements of the company, including an assessment of the potential of the COVID-19 outbreak.

The trustees believes that the company has adequate financial resources to continue in operational existence for the foreseeable future and meet it's liabilities and obligations as they fall due for at least the next twelve months. The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

d) Income

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

Investment income is earned through holding assets for investment purposes such as shares and property. It includes dividends, interest and rent. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity’s right to receive payment is established.

e) Donations of gifts, services and facilities

Donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation 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, volunteer time is not recognised.

On receipt, donated gifts 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 same period.

f) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

g) Gift Aid

Gift Aid is recovered by EECF and third parties on behalf of EECF, on donations from UK taxpayers and is recognised in the accounts when it is received.

20

East End Community Foundation

Notes to the financial statements

For the year ended 31 March 2021

1 Accounting policies (continued)

h) Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund. Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes. Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Endowment Funds represent those assets which must be held permanently by the charity in line with the donor's wishes.

i) Expenditure 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:

Raising funds relate to the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, including investment managers fee, as well as the cost of any activities with a fundraising purpose. Charitable activities includes the costs of delivering services and activities undertaken to further the purposes of the charity and their associated support costs, as well as the payment of grants.

Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity.

j) Allocation of support costs

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.

The analysis of these costs is included in note 5.

k) Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

l) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £500. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Office equipment over 4 years Computer equipment over 4 years

The charity is the legal owner of various properties within the East London area which have been offered to third parties under long-lease arrangement at peppercorn rent for the benefit of the local community. It is the trustees' intention to offer these properties to third parties for the benefit of the community for the forseenable future. As such these properties have not been recognised in these accounts.

The charity is also the legal owner of a property situated in Poplar, currently occupied by a college under a short form lease arrangement. As disclosed within note 24, the property will be redeveloped in the near future as part of a wider regeneration plan for the local area, following which, this property will also be offered for community benefit for the long term. At present, due to fluctuating regeneration plans in the local area, there is significant difficulty in determining a fair value for the site. In addition consent is required from the Greater London Authority before any works may take place. Given the aformentioned, no value has been placed on this property within these accounts.

m) Listed investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. Any change in fair value will be recognised in the statement of financial activities . The charity does not acquire put options, derivatives or other complex financial instruments.

n) 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.

21

East End Community Foundation

Notes to the financial statements

For the year ended 31 March 2021

1 Accounting policies (continued)

o) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Cash balances exclude any funds held on behalf of service users.

p) 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.

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.

q) Pensions

The charity provides an auto enrolment pension scheme to staff and contributions are accounted for when they arise.

r) Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires judgements, estimations, and assumptions to be made that affect the reported values of assets, liabilities, revenues and expenses. The nature of estimation and judgement means that actual outcome could differ from expectation.

2 Income from donations and legacies

2021
Corporations
Individuals
Trusts & Foundation
Local Public Authority
Membership fees
Gift in Kind		 Unrestricted
£
308,675
18,596
250
-
7,545
15,000		 Restricted
£
1,011,925
162,449
2,252,125
343,800
-
-		 Endowment
£
-
-
-
-
-
-		 Total
£
1,320,600
181,045
2,252,375
343,800
7,545
15,000
350,066 3,770,299 - 4,120,365
2020
Corporations
Individuals
Trusts & Foundation
Local Public Authority
Membership fees
Gift in Kind		 Unrestricted
£
134,585
19,920
-
-
29,459
15,000		 Restricted
£
419,731
60,273
769,874
280,000
-
-		 Endowment
£
-
-
-
-
-
-		 Total
£
554,316
80,193
769,874
280,000
29,459
15,000
198,964 1,529,878 - 1,728,842

Gift in Kind represents rent free office accomodation provided by London Borough of Tower Hamlets.

22

East End Community Foundation

Notes to the financial statements

For the year ended 31 March 2021

3 Income from other trading activities

2021
Rental income
Other
2020
Rental income
Other
2021
Bank interest
Dividends from investments
2020 (as restated)
Bank interest
Dividends from investments
-
ome from investments		 Unrestricted
£
665
302,229		 Unrestricted
£
10,000
6,054		 £
-
6,316
Restricted		 Total
£
10,000
12,370
22,370
16,054 6,316
Unrestricted
£
10,000
2,623		 £
-
2,400
Restricted		 Total
£
10,000
5,023
12,623 2,400 15,023
Restricted
£
-
380,766		 Endowment
£
-
-		 Total
£
665
682,995
683,660
Total
£
2,217
751,327
753,544
302,894 380,766 -
Unrestricted
£
2,217
332,103		 Restricted
£
-
419,224		 Endowment
£
-
-
334,320 419,224 -

23

East End Community Foundation

Notes to the financial statements

For the year ended 31 March 2021

5 Analysis of expenditure

Staff costs (Note 8)
Investment managers fees
Charitable activities direct costs
Rent
Marketing & Publicity
Computer costs
Office supplies
Telephone
Postage
Publications and subscriptions
Legal & professional
Audit fee
Insurance
Admin project fee
Freelance workers
Recruitment
Other costs
Support costs
Governance costs
Total expenditure 2021
Total expenditure 2020		 Cost of
raising funds
£
160,525
42,914
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Charitable activities Governance
costs
£
19,401
-
-
-
-
-
-
-
-
-
42,956
15,840
-
-
-
-
-		 Support costs
£
35,702
-
-
15,000
12,608
11,992
2,758
3,741
220
14,348
-
-
1,252
274,951
85,020
20,454
3,626		 2021
Total
£
385,592
42,914
3,233,754
15,000
12,608
11,992
2,758
3,741
220
14,348
42,956
15,840
1,252
274,951
85,020
20,454
3,626		 2020
Total
£
390,263
44,471
1,627,371
15,000
35,983
12,016
3,076
3,166
800
12,426
48,318
9,150
7,232
33,438
61,022
6,000
81,766
Grant making
£
103,110
-
3,153,986
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Other
charitable
activities
£
66,854
-
79,768
-
-
-
-
-
-
-
-
-
-
-
-
-
-
203,439
166,177
26,978		 3,257,096
161,361
26,196		 146,622
154,134
25,023		 78,197
-
(78,197)		 481,672
(481,672)
-		 4,167,026
-
-		 2,391,498
-
-
396,594 3,444,653 325,779 - - 4,167,026 2,391,498
339,887 1,826,725 224,886 - - 2,391,498

Of the total expenditure, £640,738 was unrestricted (2020 (restated): £607,170) and £3,526,288 was restricted (2020 (restated): £1,784,328).

24

East End Community Foundation

Notes to the financial statements

For the year ended 31 March 2021

6 Grant making

Year ended 31 March 2021

Covid-19 Emergency Fund

Covid-19 Emergency Fund Covid-19 Emergency Fund
Purpose: Emergency response initiatives including supply of food, hot meals, bereavement services, mental health support,
homelessness £
13 Rivers Trust Coronavirus Response Activities 7,905
Academy Achievers Coronavirus Response Activities 8,000
Account3 Coronavirus Response Activities 6,290
Acheinu Cancer Support Coronavirus Response Activities 5,000
Afghanistan and Central Asian Association Coronavirus Response Activities 2,500
African Arts & Advice Centre Coronavirus Response Activities 7,975
African Community School Coronavirus Response Activities 15,993
African Health Policy Network Coronavirus Response Activities 4,775
Age UK East London Coronavirus Response Activities 20,000
Aishah Help Coronavirus Response Activities 19,000
Akwaaba Coronavirus Response Activities 6,000
Ambition, Aspire, Achieve (AAA) Coronavirus Response Activities 16,500
Ananda Marga Universal Relief Team (AMURT) UK Coronavirus Response Activities 9,997
Ascension Community Trust Coronavirus Response Activities 7,449
Aston Mansfield Coronavirus Response Activities 13,000
Badu Community CIC Coronavirus Response Activities 5,000
Bags of Taste Coronavirus Response Activities 5,000
Barts NHS Charity Coronavirus Response Activities 15,040
Beckton Skills Centre Coronavirus Response Activities 7,000
Beersheba Living Well Coronavirus Response Activities 8,049
Beyond The Streets Coronavirus Response Activities 4,125
Bikeworks CIC Coronavirus Response Activities 25,000
Body and Soul Charity Coronavirus Response Activities 5,000
Bonny Downs Community Association Coronavirus Response Activities 19,960
Bow Foodbank Coronavirus Response Activities 5,000
BowHaven Coronavirus Response Activities 8,229
Boxes of Basics Coronavirus Response Activities 5,000
Bromley by Bow Centre Coronavirus Response Activities 74,920
Bromley by Bow Community Organisation Coronavirus Response Activities 4,000
Bubble Club CIC Coronavirus Response Activities 3,600
Cambridge Health Salvation Army Coronavirus Response Activities 5,500
Caramel Rock Coronavirus Response Activities 2,500
Cardboard Citizens Coronavirus Response Activities 10,000
Carers Centre Tower Hamlets Coronavirus Response Activities 5,000
Caritas Anchor House Coronavirus Response Activities 20,000
Carpenters and Docklands Centre Coronavirus Response Activities 10,012
Children Ahead Ltd Coronavirus Response Activities 20,000
Children with Voices Coronavirus Response Activities 7,000
Citizen Development Community Centre Coronavirus Response Activities 5,000
City & East London Bereavement Service (Celbs) Coronavirus Response Activities 10,125
Clapton Common Boys Club (CCBC) Coronavirus Response Activities 9,000
Clapton Park United Reformed Church Coronavirus Response Activities 9,998
Claudia Jones Organisation Coronavirus Response Activities 5,998
Coffee Afrik CIC Coronavirus Response Activities 14,400
Community Links Coronavirus Response Activities 5,000
Community of Refugees from Vietnam Coronavirus Response Activities 10,000
Crohn's and Colitis Relief Coronavirus Response Activities 1,800
Darul Ummah Centre, Dawatul Islam UK & Eire Coronavirus Response Activities 5,000
Day-Mer, Turkish and Kurdish Community Centre Coronavirus Response Activities 4,000
Deaf Roots Coronavirus Response Activities 2,499
Destiny Community Services Coronavirus Response Activities 5,000
Dockland Settlements Coronavirus Response Activities 37,000
Docklands Outreach Company Coronavirus Response Activities 14,552
East End Citizens Advice Bureaux Coronavirus Response Activities 3,000
East India over 50's Consortium Coronavirus Response Activities 4,980
East London Mosque Coronavirus Response Activities 14,600
Eastside Centre Ltd Coronavirus Response Activities 7,000
Ekota Care Trust Limited Coronavirus Response Activities 7,370
ELT Baptist Church Coronavirus Response Activities 800
Express Tuition Coronavirus Response Activities 15,000
Ezra Umarpeh Coronavirus Response Activities 11,900
Faith Regen Foundation Coronavirus Response Activities 7,000
Fight for Peace Coronavirus Response Activities 3,000
First Love Foundation Coronavirus Response Activities 30,330
Food For All UK Coronavirus Response Activities 5,000
Frampton Park Baptist Church Coronavirus Response Activities
25		 8,875

East End Community Foundation

Notes to the financial statements

For the year ended 31 March 2021

£
Friends of Woodberry Down Coronavirus Response Activities 7,000
Gascoyne & Morningside Youth Clubs Ltd Coronavirus Response Activities 4,822
Good Shepherd Voluntary Organisation Coronavirus Response Activities 4,700
Hackney and East London United Synagogue Coronavirus Response Activities 4,500
Hackney Chinese Community Services Coronavirus Response Activities 8,000
Hackney Congolese Women Support Group Coronavirus Response Activities 10,000
Hackney Marsh Partnership Coronavirus Response Activities 7,500
Hackney Migrant Centre Coronavirus Response Activities 6,000
Hackney People First Coronavirus Response Activities 15,000
Half Moon Young People's Theatre Coronavirus Response Activities 2,642
Halkevi Coronavirus Response Activities 8,000
Headway East London Coronavirus Response Activities 2,000
Highway Vineyard Church Coronavirus Response Activities 10,000
Hot Line Meals Service (London) Coronavirus Response Activities 4,738
ICSS Coronavirus Response Activities 18,500
Inspire Women Men and Children Coronavirus Response Activities 17,500
Inspired Futures Coronavirus Response Activities 10,000
Independent Newham Users Forum Coronavirus Response Activities 9,846
Island Advice Centre Coronavirus Response Activities 7,005
Island Network Coronavirus Response Activities 9,996
Isle of Dogs Bangladeshi Association and Cultural Centre Coronavirus Response Activities 7,000
It's Your Life Coronavirus Response Activities 23,147
Kahaila Coronavirus Response Activities 5,000
Kanlungan Filipino Consortium Coronavirus Response Activities 7,000
Leaders in Community Coronavirus Response Activities 25,000
Lighthouse Advisory Services Coronavirus Response Activities 5,000
Lincoln Area Regeneration Group Coronavirus Response Activities 15,000
London Young Stars Elite Coronavirus Response Activities 1,660
LWO Cultural Group Coronavirus Response Activities 13,460
Made in Hackney Coronavirus Response Activities 44,011
Manor House Development Trust Coronavirus Response Activities 12,975
Manorfield Primary School Coronavirus Response Activities 4,900
Mind in the City, Hackney & Waltham Forest Coronavirus Response Activities 5,000
Mind in Tower Hamlets & Newham Coronavirus Response Activities 13,448
Misgav Coronavirus Response Activities 5,000
Mishon Coronavirus Response Activities 14,859
Mouth That Roars Coronavirus Response Activities 15,000
Mulberry School for Girls Coronavirus Response Activities 8,704
Neighbours in Poplar Coronavirus Response Activities 30,000
Newark Youth London Coronavirus Response Activities 7,000
Newham Community Renewal Programme Coronavirus Response Activities 20,000
Newham Muslim Forum CIC Coronavirus Response Activities 5,000
Newham Welfare Trust Coronavirus Response Activities 7,500
NEWway Project Coronavirus Response Activities 9,900
North London Muslim Community Centre Coronavirus Response Activities 10,500
Olive Tree Education (OTE) Coronavirus Response Activities 1,500
Our Community Cares Solution Coronavirus Response Activities 8,000
Poplar Harca Coronavirus Response Activities 10,000
Positive East Coronavirus Response Activities 20,000
Powerhouse for Women Coronavirus Response Activities 6,500
Providence Row Coronavirus Response Activities 13,100
Queen Victoria Seamen's Rest Coronavirus Response Activities 6,300
Quwwat-Ul-Islam Society Coronavirus Response Activities 5,000
Refugee Support Network Coronavirus Response Activities 5,000
Rejuvenate UK 2016 CIC Coronavirus Response Activities 5,000
Richard House Childrens Hospice Coronavirus Response Activities 5,000
Royal Docks Learning & Activity Centre Coronavirus Response Activities 17,856
Salaam Peace Coronavirus Response Activities 2,000
School Home Support Coronavirus Response Activities 15,000
Setpoint London East at the Soanes Centre Coronavirus Response Activities 2,950
Shahjalal Centre Coronavirus Response Activities 5,000
Shapla Primary School Coronavirus Response Activities 3,000
Shoreditch Tab Baptist Church Coronavirus Response Activities 5,000
Shoreditch Trust Coronavirus Response Activities 20,000
Skills Enterprise Coronavirus Response Activities 14,471
Skillspool Training CIC Coronavirus Response Activities 5,000
Skyway Charity Coronavirus Response Activities 18,000
Social Organisation for Unity and Leisure (SOUL) Coronavirus Response Activities 2,500
SocietyLinks Tower Hamlets Coronavirus Response Activities 9,564
Somali Senior Citizens Club Coronavirus Response Activities 14,500
Spot Project Coronavirus Response Activities 5,000

26

East End Community Foundation

Notes to the financial statements

For the year ended 31 March 2021

St Hilda's East Community Centre
Coronavirus Response Activities
St John's Community Association
Coronavirus Response Activities
St Luke's Mission Initiative
Coronavirus Response Activities
St Peter's Community Wellbeing Projects
Coronavirus Response Activities
St Paul's Church Stratford
Coronavirus Response Activities
Step by Step
Coronavirus Response Activities
Stratford Salvation Army
Coronavirus Response Activities
Sundial Community Centre
Coronavirus Response Activities
Supporting Humanity Ltd
Coronavirus Response Activities
Teen Action
Coronavirus Response Activities
Thames Bengali Association
Coronavirus Response Activities
The Arc Church
Coronavirus Response Activities
The Bangladesh Youth Movement (BYM)
Coronavirus Response Activities
The Bow Foodbank
Coronavirus Response Activities
The Chicken Soup Shelter
Coronavirus Response Activities
The Community Hub
Coronavirus Response Activities
The Drop in Bereavement Centre
Coronavirus Response Activities
The Ensign Youth Club
Coronavirus Response Activities
The Friends of Tower Hamlets Cemetery Park
Coronavirus Response Activities
The Huddleston Centre
Coronavirus Response Activities
The Parish of the Isle of Dogs
Coronavirus Response Activities
The Rooted Forum
Coronavirus Response Activities
The Royal Foundation of St Katharine
Coronavirus Response Activities
The Sapphire Community Group
Coronavirus Response Activities
The Shadwell Community Project
Coronavirus Response Activities
The Wickers Charity
Coronavirus Response Activities
Tower Hamlets Education Business Partnership
Coronavirus Response Activities
Tower Hamlets Friends & Neighbours
Coronavirus Response Activities
Tower Hamlets Parents Centre
Coronavirus Response Activities
Toyhouse Libraries
Coronavirus Response Activities
Toynbee Hall
Coronavirus Response Activities
Transform UK
Coronavirus Response Activities
Treasures Foundation
Coronavirus Response Activities
UKIM Masjid Ibrahim Plaistow
Coronavirus Response Activities
Up 'N Away
Coronavirus Response Activities
Vallance Community Sports Association
Coronavirus Response Activities
Veterans Aid
Coronavirus Response Activities
Wadajir Somali Community Centre
Coronavirus Response Activities
Wapping Bangladesh Association
Coronavirus Response Activities
Waterloo Community Counselling
Coronavirus Response Activities
Weavers Adventure Playground Association
Coronavirus Response Activities
Weavers Community Forum
Coronavirus Response Activities
Well Grounded Jobs CIC
Coronavirus Response Activities
Wilton Estate Tenants and Residents Association
Coronavirus Response Activities
Wipers Youth C.I.C
Coronavirus Response Activities
Wise Youth Trust
Coronavirus Response Activities
Women's Inclusive Team (WIT)
Coronavirus Response Activities
Women's Trust
Coronavirus Response Activities
Woodgrange Baptist Church
Coronavirus Response Activities
Year Here
Coronavirus Response Activities
Young and Inspired
Coronavirus Response Activities
ZSV Trust
Coronavirus Response Activities
Poplar Harca Grants
Bikeworks CIC
Coronavirus Response Activities
Bromley by Bow Centre
Coronavirus Response Activities
Burdett FC
Burdett Community Projects
First Love Foundation
Coronavirus Response Activities
Manorfield Primary School
Coronavirus Response Activities
Neighbours in Poplar
Coronavirus Response Activities
Poplar & Lansbury Mutual Aid Group
Coronavirus Response Activities
Somali Senior Citizens Club
Coronavirus Response Activities
Take Stock Exchange
You, Me, the World and Poplar
Teviot Action Group
Coronavirus Response Activities
Wadajir Somali Community Centre
Coronavirus Response Activities
Women's Inclusive Team (WIT)
Coronavirus Response Activities
Year Here
Coronavirus Response Activities
Purpose: Supporting initiatives that improve the lives of communities living in and around Poplar HARCA's 12 estates		 £
5,000
5,000
9,844
21,000
3,200
5,000
5,000
1,500
2,000
7,500
5,000
4,000
10,000
10,000
4,900
10,127
18,000
18,000
1,228
15,000
4,550
5,000
4,925
5,000
627
9,951
2,323
8,000
7,000
2,000
19,500
3,000
6,000
10,000
3,000
6,500
5,000
9,085
10,370
2,000
7,886
24,896
4,000
8,000
4,500
5,500
30,200
7,000
4,800
25,000
9,070
4,950
1,813,532
10,000
500
6,000
10,000
2,500
10,000
500
1,000
5,000
500
500
21,105
6,500
74,105

27

East End Community Foundation

Notes to the financial statements

For the year ended 31 March 2021

Isle of Dogs Grant Chest
Alpha Grove Centre
Activities for Elderly
Apollo Music Projects
Classical Music Residency
Canaan Project
Canaan Project - Isle of Dogs
Dockland Settlements
Project Development Worker & Parkview Summer Fund
Island House
Community Parents Project
Island House Craft Club
Christmas Lunch
Island House Playgroup
Playgroup SEN Worker
Isle of Dogs Bangladeshi Association and Cultural Centre
Advice & Community Activities
Kekoa Coaching
Football Sessions for Children & Young People
Mudchute Association
Farm Development Manager
Social Organisation for Unity & Leisure (SOUL)
Learning Zone
The Tower Hamlets Volunteer Police Cadets
Tower Hamlets Volunteer Police Cadets Qualification
Purpose: Supporting community provision on the Isle of Dogs		 £
4,374
3,500
10,000
10,170
7,000
200
8,000
5,450
800
7,800
5,000
6,000
86,294

Millwall Park

Millwall Park
Capital Kids Cricket
Platform Cricket
Tower Hamlets Youth Sport Foundation
Isle of Dogs Imps
Purpose: Improvements to the environment, and the provision or improvement of public leisure activities to benefit the local
community in the Millwall Park area		 2,000
8,000
10,000

Societe Generate UK Foundation Fund

Cardboard Citizens
Forward Grant
Empire Fighting Chance
Forward Grant
Kick London
Forward Grant
Laburnum Boat Club
Forward Grant
Newham All Star Sports Academy
Forward Grant
SportInspired
Forward Grant
Transform UK
Forward Grant
Unique Voice CIC
Forward Grant
YOH LTD
Forward Grant
Digital Inclusion Project
The Letta Trust
IT Equipment
Purpose: Supporting young people's development and access to education and employment through sports, art & cultural
activities		 5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
45,000
20,000
20,000

Foundation For Future London

Purpose: Provide jobs, learning, training and educational programmes through the means of arts, culture, innovation, public realm and creative placemaking

Accumulate Art Kits for the Homeless 4,746
ARTBASH & be My Safe Space 5,000
Badu Community CIC Badu Sports+ Radical Change 49,243
Bread & Roses Ldn Limited Bread & Roses 5,000
Career Camp CIC Rail Camp with Network Rail 11,978
Catalyst In Communities Scaling Up CUT 49,791
Community Music Ltd Re:Charge 11,760
Deaf Roots HERStory 14,960
Destiny Community Services The Bridge Project 14,664
D-Lab Studios A3 - Architecture Apprenticeship Accelerator Programme 5,000
E17 Puppet Project Connected Arts 4,935
East India over 50's Consortium The Wild Women Collective 4,510
Film Skool Deluxe Film Skool Deluxe Newham 3,970
George Green's School Your Creative Future! 5,000
Get Set Girls Techreate 14,790

28

East End Community Foundation

Notes to the financial statements

For the year ended 31 March 2021

Half Moon Young People's Theatre
Careers in Theatre
Intermission Youth
Tunmarsh PRU Drama Workshop Programme
Margot Przymierska
The Aberfeldy Apprentice
Misgav
Work of Art
First Sukpaiboon
A Potential for Vertical Farming
Lexi Zelda Stevens
Helping Artist Make Work, EAST
Rhyan Holder
ENGAGE
Pinny Grylls
Hear My Voice
Newham All Star Sports Academy
Hearing Girls' Voices
NEWway Project
NEWday
Outside Edge Theatre Company
East London Write Now
Peoples Empowerment Alliance for Custom House
ReBuild
Shared Enterprise CIC
Woodberry Down Shared Enterprise Club
Signature Pictures Academy
Community Impact - Filmmaking
Streets of Growth
INSPIRE Creative Enterprise Hub
The Line Art Walk
Visible / Invisible
Trashion Factory CIC
T-Shirts for Better Futures
Xenia
Xenia Women Lifelong Learning
Young Urban Arts Foundation
Next Steps
Tower Hamlets Grant Chest
Bethnal Green Spear Trust
Spear Bethnal Green
Cable Street Community Gardens
Gardening Tools
Community Music Ltd
Mind the Music
DoLittle
Get Employed
East End Citizens Advice Bureaux
Tower Hamlets Money Smart
Ebegees
Elder's Day Trip
Foundation For Change
Psychology for Change
Half Moon Young People's Theatre
Speech Bubbles
ICM Foundation CIC
Digital Inclusion & Community Activities
InSpire
Belmont Park Careers Programme
Olive Tree Education (OTE)
Older Sukoon (Harmony) Project
Pollyanna Training Theatre
Primary to Secondary Transition Workshops
Setpoint London East at the Soanes Centre
Re-launch of STEM workshops post COVID-19
Social Ark CIC
Mind Over Matter - Young Leaders
Tower Hamlets Friends & Neighbours
ALFIE (Active Lives for Frail Isolated Elders)
Tutors United
Tutoring Young Residents
Wapping Youth FC
Mental Health Diaries & Fit for Summer
Wise Youth Trust
Pathway 2 Work
You Make It
You Make It
Purpose: Employment, education and wellbeing support in Tower Hamlets		 £
14,430
5,000
5,000
5,000
5,000
5,000
5,000
4,907
5,000
5,000
15,000
7,500
14,925
5,000
20,000
49,684
4,936
14,993
4,000
400,722
8,000
250
6,000
9,000
6,000
250
6,000
5,000
1,000
8,219
90
400
800
7,000
5,000
9,000
1,050
5,000
7,000
85,059

Allen & Overy Fund

Purpose: Education, employment and training initiatives for residents in Hackney and Tower Hamlets

Babel's Blessing
English for Change: ESOL and Community Organising
BluePrint Arts
Creative Ways into Work
Creative Lifestyle
Creative Futures
EFA London
ESOL for Work
Express Tuition
Online Employability Programme
Grand Union Music Theatre Ltd
Re:Generation Band
Island House
Community Training - SKILLS
Laburnum Boat Club
Junior Youth Watersports Training Project
Pop Hug Educations CIC (T/A Fizz Pop Science)
Bounce Back Science
Read Easy Hackney
Activity Packs for Readers
Shadow Youth Alliance
FutureGen
STEAMLabs Hackney CIC
STEAMLabs Community Club
The Shadwell Community Project
Friday Fire Club
The Suited & Booted Centre Ltd
A Helping Hand for Vulnerable Men
The Tower Hamlets Volunteer Police Cadets
Improving Employability
YourStance
YourStance Workshops
Fund for Hackney
Hackney CVS
Hackney Fund Emergency Support		 2,500
2,262
2,500
2,304
2,500
2,262
2,500
2,416
2,262
749
2,500
2,262
2,262
1,000
2,500
2,262
35,041
7,000
7,000

29

East End Community Foundation

Notes to the financial statements

For the year ended 31 March 2021

Newham Giving
Ambition, Aspire, Achieve (AAA)
Arc Inclusive Holiday Experiences and Opportunities
Ambition, Aspire, Achieve (AAA)
Abbey Inclusive Holiday Experiences and Opportunities
Ascension Community Trust
Summer Scheme
Aston Mansfield
The Manor
Beckton Skills Centre
Go Kart Project, Build it, Race it
Bonny Downs Community Association
Go Wild! Summer Scheme 2020
Capital Kids Cricket
Summer Cricket Bonanza
Carpenters and Docklands Centre
Carpenters and Dockland Summer Scheme
Elevated Aspirations
Follow Your 'Art'
Fight for Peace
Twilight Summer Holiday Programme
Newham Community Renewal Programme
Share and Give
West Silvertown Village Community Foundation
Summer by the Docks
London Dock CF - St George Fund
Afro-Brazilian Arts & Cultural Exchange Institute
Coaches Fees
Cable Street Community Gardens
Gardening Tools
Friends of Tower Hamlets Cemetery Park
Summer Project
Newark Youth London
Stage Craft Summer Course
Pollyanna Training Theatre
Shadwell Basin Summer Project 2020
Shadwell Basin Outdoor Activity Centre
Sports Leadership Course
SocietyLinks Tower Hamlets
Bounce Back
SocietyLinks Tower Hamlets
"Nature and Us" Wild Wednesdays
Tower Hamlets Youth Sport Foundation
Wapping Wolverines Cricket
Wapping Youth FC
Fit for Summer Project
20 Fenchurch Street Fund
Purpose: Tackling Unemployment
Well Grounded Jobs CIC
Employability & Training Programme
#iwill Fund
Purpose: Youth social action initiatives
Elevated Aspirations
Summer Scheme
Newham Community Renewal Programme
Follow Your 'Art'
Ascension Community Trust
Share and Give
Peoples Empowerment Alliance for Custom House
ReBuild
Building a Stronger Britian Together
The Princes Trust
Breaking Stereotypes, Building Tolerance
Tower Hamlets Council Older People Grants
Dorset Community Association
Older People Lunch Club
Hornafrik Integration Projects
E14 BME Senior Citizen Project
Somali Senior Citizens Club
Somali Elders Lunch Club & Community Engagement Project
The Bangladesh Youth Movement (BYM)
Older BAMER People’s Initiative
The Ensign Youth Club
UNITY
Wadajir Somali Community Centre
Wadajir Elderly Lunch Club
Wapping Bangladesh Association
The Older People’s Friendship Club
Weavers Community Forum
Weavers Health Project
Purpose: Positive holiday provision for children and young people in Newham
Purpose: Summer holiday provision for children and young people living in Shadwell and St Katherine's and Wapping
Purpose: Provision of services for older Black, Asian and minority ethnic residents		 £
9,500
5,625
1,365
8,531
10,000
4,923
9,983
10,000
6,136
8,530
3,000
9,832
87,425
500
250
2,715
3,000
2,115
2,970
3,000
500
2,700
250
18,000
15,000
15,000
3,210
3,000
1,365
7,000
14,575
38,042
38,042
10,610
12,770
12,770
12,770
12,770
12,770
12,770
12,770
100,000

30

East End Community Foundation

Notes to the financial statements

For the year ended 31 March 2021

Tower Hamlets Council Small Grants Loneliness Fund
Purpose: Tackling loneliness for people of all ages
Babel Theatre
The Orpheus Project
Blossom Project
Blossom Together
BowHaven
Operation Loneliness
City Steps Guided Tours
Moonscape – Trip of a Lifetime 2020
My First 1,000 Days
Carers Social Inclusion Project
Neighbours in Poplar
Loneliness Project
Olive Tree Education
Older Sukoon (Harmony) Project
Abdul Rawkib
Chai Club
Shahnaz Rifat
Mindful Mothers Project
Somali Senior Citizens Club
Somali Elders Befriending & Support Project
St Peters Community Wellbeing Projects
Wellbeing Programme
The Bangladesh Youth Movement (BYM)
Community Befriending & Support Initiative
Toyhouse Libraries
Early Connections
Wadajir Somali Community Centre
Wadajir Girls Youth Group
Wapping Bangladesh Association
Wapping's Mums Club
Tower Hamlets Council Small Grants
All 4 Teens CIC
ISBEDEL
Alpha Grove Centre
Community Fun Day
Approach Community Garden (ACG)
The Great Get Together
Associates of Community Trust UK
Local Pride
Birchfield Tenant Association
VE Day 75
Community Psychotherapy Network
Community Psychotherapy Network
Dockland Settlements
VE Day 75
Dorset Community Association
Community Access and Inclusion
East India over 50's Consortium
The Wild Women Collective
East London Cares
Connecting Communities in Crisis
Ebeegees
New Year Trip & VE Day
EFA London
Chisenhale ESOL Community Classes
Emmott Close Senior Citizens Club
Forever Young
Friends of St Eugene
Enabling Friendships 2020
Golden Girls
Coach Trips, BBQ & Refreshments
Grand Union Music Theatre Ltd
Independence Song
ICM Foundation CIC
Aerobic Sessions for Adults with Learning Difficulties and
Pat McCarthy
Sonali Day Trippers
Innercity Films
Let's Celebrate Tower Hamlets
Island House Craft Club
Island House Craft Club
Kayd Somali Arts & Culture
Tower Hamlets Online Somali Week Festival
Limehouse Community Forum
LimeGreen
London House Music Choir
The Big Lunch
London Jaguars FC
Womens Fitness and Nutrition Sessions
London Young Stars Elite
Family Day
Love My Street
The Great Get Together
Lower Regent's Coalition
East End Canal Festival and Film Project
Neighbours in Poplar
VE Day 75
Our Time
Tower Hamlets KidsTime Workshop
Outside Edge Theatre Company
Tower Hamlets Drop-in Drama
Prospect Walk Allotments Association
Communal Shed
Queen Victoria Seamen's Rest
Monthly Lunch Club
Rainbow Film Society
21st Rainbow Film Festival
Roman Road Trust
Transform The Common Room
Sidney Estates Tenants & Residents Association
The Big Lunch
Simple Gifts
Bethnal Green Social Action
Sketch Appeal
The Art of Self-Love
Spitalfields City Farm
The Volunteer and Coriander Club & The Great Get Together
St Clement's Residential Association
VE Day 75
St John's (Isle of Dogs) Community Association
Thursday Bingo Group
St Matthews Bethnal Green
The Big Lunch
St Paul's Arts Trust
The Long Family Dinner
Stepney Jewish Community Care Centre
VE Day 75
The Bangladesh Youth Movement (BYM)
Female Advice & Advocacy Initiative
The Geezers Club
The Geezers Club
The Oitij-jo Collective
TATI Textiles
The Shadwell Community Project
Grow, Cook and Eat!
The Yoga For Life Project CIC
Yoga for Long Covid Wellbeing Programme
Trapped in Zone One
Creative Activities & The Big Lunch
True You Today
Movement for Survivors
Udichi Shilpi Gosthi
Bangladesh Book Fair, Literary & Cultural Festival
Un-Age
Intergenerational Food Startup Acceleration
Walk East
Dosh! Budget-Friendly Living in the East End
Purpose: Supporting activities that will make a positive difference to the lives of local residents
31		 £
1,000
4,986
5,000
788
2,900
4,680
4,894
1,000
1,000
5,000
5,000
5,000
3,482
5,000
5,000
54,730
4,949
678
250
4,991
250
4,980
250
4,959
4,510
5,000
850
5,000
1,000
900
600
4,500
4,760
1,000
4,900
350
4,985
3,500
250
4,985
4,500
250
3,500
250
5,000
10,000
1,200
500
3,500
5,000
250
4,924
3,940
5,250
250
500
250
5,000
250
4,891
500
5,000
4,884
3,500
5,000
1,182
3,500
4,000
4,951

East End Community Foundation

Notes to the financial statements

For the year ended 31 March 2021

Wapping Bangladesh Association
Step Up
Wapping Youth FC
Walking Out of Lockdown & The Great Get Together
Weavers Adventure Playground Association
Cooking with Culture
Will Crooks Tenants and Residents Association
Tell us About Covid-19 & The Big Lunch
Women's Inclusive Team (WIT)
Somali Community Exchange Project
Woodwork for Wellbeing
Woodwork Club
You Be You
You Be You
Your Stance
YourStance Workshops
Tower Hamlets Council COVID-19 Outreach Fund
Aishah Help
Communicating During an Outbreak
Brick Lane Women and Girls Project
Bangla T&T
Film Skool Deluxe
Film Skool Deluxe
Globe Community Project
Language of Wellbeing - Covid Outreach
ICM Foundation CIC
Covid-19 Messages Project
Nujum Sports
Covid 19 Awareness Workshops
Olive Tree Education
OTE Covid 19 and Engagement Project
The Ensign Youth Club
Unity T&T
The Power Movement Ltd
Outreach & Engagement
True Cadence CIC
The T and T Project
Tower Hamlets Council Small Grants: Access and
Eastside Centre Ltd
Elderly and Pensioners Club
Hornafrik Integration Projects
African Families Guidance Project
Isle of Dogs Bangladeshi Association & Cultural Centre
BME Bridging Project
The Families Support Group (FSG)
IoD Bangladeshi Pensioners' Club
Wapping Bangladesh Association
Community Information Access
Total Grants Awarded
Purpose: Supporting organisations to facilitate improved access to mainstream services by Black, Asian and minority ethnic
(BAME) residents.
Purpose: To support the delivery of activities raising awareness around Covid-19, Test and Trace and vaccinations		 £
4,940
5,250
3,500
1,250
5,000
4,991
5,000
5,000
195,050
3,000
3,000
3,000
2,998
3,000
2,500
3,000
3,000
3,000
3,000
29,498
5,000
5,000
5,000
4,997
4,916
24,913
3,153,986

32

East End Community Foundation

Notes to the financial statements

For the year ended 31 March 2021

This is stated after charging:

This is stated after charging:
2021 2020
£ £
Depreciation 802 1,199
Auditors' remuneration:
Audit 7,500 9,150
Other services (accounting & payroll) - 12,540

Staff costs were as follows:

£70,001 - £80,000
The following number of employees received employee benefits (excluding employer pension costs) during the year between:
Employer’s contribution to defined contribution and auto enrolment pension schemes
Salaries and wages
Social security costs		 2021
£
336,247
30,846
18,499		 2020
£
339,749
32,190
18,324
385,592 390,263
2021
No.		 2020
No.
1 1

The total employee benefits including pension contributions of the key management personnel were £83,546 (2020: £112,300). The key management personnel comprises the trustees and the senior management team, who have the authority and responsibility for planning, directing and controlling the activities of the charity, under the guidance of the trustees.

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2020: £nil). No charity trustee received payment for professional or other services supplied to the charity (2020: £nil).

Trustees did not claim reimbursement of expenses during the year (2020: £nil)

The average number of employees (head count based on number of staff employed) during the year was as follows:

Grant Making
Raising funds
Other Charitable Activities
Support
Governance		 2021
No.
3.7
2.8
1.3
0.9
1.3		 2020
No.
2.8
2.8
2.0
0.9
1.5
10.0 10.0

33

East End Community Foundation

Notes to the financial statements

For the year ended 31 March 2021

10 Related party transactions

The following trustees represent organisations that donated funds to EECF during the financial year. (All amounts pledged were received in full during the financial year and there were no unsettled amounted at the start or the end of the year).

ettled amounted at the start or the end of the year).
Canary Wharf Group
At 31 March 2021
At 31 March 2020
AFME
At 31 March 2021
At 31 March 2020
Chubb
At 31 March 2021
At 31 March 2020
Northern Trust
At 31 March 2021
At 31 March 2020
Clifford Chance
At 31 March 2021
At 31 March 2020
London Borough of Tower Hamlets
At 31 March 2021
At 31 March 2020
 Rick Watson
 Ashley Mullins
 Jim MacHale
 James Wright
 Howard Dawber
 Vicky Clark		 Donation value
£
53,000
1,862
800
787
8,550
8,000
40,550
26,558
550
-
216,000
-

A number of trustees also make personal donations directly to the charity.

The following trustees are associated with organisations that have received financial support from EECF during the financial year. The conflicted trustees have not participated in the decisions making processin relation to these awards. (All amounts awarded were paid in full during the financial year and there were no unsettled amounted at the start or the end of the year).

r).
Neighbours in Poplar
At 31 March 2021
At 31 March 2020
SPLASH
At 31 March 2021
At 31 March 2020
Limehouse Boxing Academy
At 31 March 2021
At 31 March 2020
 Shah Rahman
 Sister Christine Frost
 Sister Christine Frost		 Grant award value
£
44,930
10,800
-
13,800
-
15,000

One of EECF’s freehold properties is on a short-term rolling lease and offers a redevelopment opportunity. Focused discussions are ongoing regarding the future use of that site. The following trustees have been excluded from these discussions due to the potential for conflicting interest.

 Howard Dawber Canary Wharf Group  Vicky Clark London Borough of Tower Hamlets

There were no other related party transactions during the period of report (2020 - none).

11 Taxation

EECF is a registered charityand, therefore is not liable to income or corporation tax on income derived from its charitable activities as it falls within the various exemptions to registered charities.

34

East End Community Foundation

Notes to the financial statements

For the year ended 31 March 2021

12 Tangible fixed assets

he year ended 31 March 2021
Tangible fixed assets
All of the above assets are used for charitable purposes.
At the end of the year
At the start of the year
Depreciation
Net book value
Eliminated on disposal
At the end of the year
At the end of the year
At the start of the year
Charge for the year
At the start of the year
Additions in year
Cost
Disposals in year		 Computer
equipment
£
11,430
-
-		 Office equipment
£
1,148
-
-		 Total
£
12,578
-
-
11,430 1,148 12,578
8,594
633
-		 389
169
-		 8,983
802
-
9,227 558 9,785
2,203 590 2,793
2,836 759 3,595
Listed investments
Historical cost at 31 March
Market value at the start of the year
Debtors
Gains and losses on revaluation and disposals
Disposal proceeds
Additions at cost
Market value at the end of the year
Trade debtors
Prepayments and other debtors
Accrued income		 2021
£
19,650,782
1,354,573
(908,611)
3,788,762		 2020
£
20,965,245
20,958
(122,258)
(1,213,163)
23,885,506 19,650,782
18,810,331
2021
£
27,696
2,167
46,753		 18,984,547
2020
£
133,620
540
55,902
76,616 190,062

14 Debtors

35

East End Community Foundation

Notes to the financial statements

For the year ended 31 March 2021

15 Creditors: amounts falling due within one year

Accruals
Trade and other creditors
Taxation and social security
Grants payable
Deferred Income		 2021
£
327,070
1,912
10,000
8,921
32,388		 2020
£
149,936
2,561
10,400
8,337
29,190
380,291 200,424

Deferred income relates to funding where the donor has specified in the funding agreement that the income is in

relation to a future period and the funds should not be expended until that time. It also includes the value of any rental income received in advance.

Amounts received and deferred to future periods.
Movements on deferred income during the year were as follows:
Balance brought forward as at 1 April
Amount released to income in the financial year
Balance carried forward to next financial year		 2021
£
10,400
(10,400)
10,000		 2020
£
163,115
(163,115)
10,400
10,000 10,400
16
Total future minimum lease payments under a non cancellable operating lease, in respect of office equipment,
is as follows.
Operating Leases
Not later than one year		 2021
£
-		 2020
£
485
- 485

17 Pension scheme

EECF operates an Auto Enrolment Pension Plan from 1 May 2018 staging date, which benefits all members of staff. Prior to this, EECF operated a defined contribution Stakeholders Pension Plan of which 5 members of staff were of benefit until April 2017. EECF made total contributions, over both schemes during the year, of £18,499 (2020: £18,323 ).

18 Analysis of net assets between funds

At 31 March 2021
At 31 March 2020 (as restated)
Tangible fixed assets
Investments
Net current assets
Net assets at the end of the year
Tangible fixed assets
Investments
Net current assets
Net assets at the end of the year		 General
unrestricted
£
2,793
4,455,559
1,536,411		 £
-
19,314,950
-
Endowment		 Restricted
£
-
2,415,960
(10,000)		 Total funds
£
2,793
26,186,469
1,526,411
5,994,763 19,314,950 2,405,960 27,715,673
General
unrestricted
£
3,595
4,752,476
1,305,871		 £
-
15,547,177
-
Endowment		 Restricted
£
-
1,668,823
(10,400)		 Total funds
£
3,595
21,968,476
1,295,471
6,061,942 15,547,177 1,658,423 23,267,542

36

East End Community Foundation

Notes to the financial statements

For the year ended 31 March 2021

19 Movements in funds

Education & Training
Employment and Training
Millwall Park
LDDC community grants
Grassroots Tower Hamlets
Grassroots Newham
Grassroots Hackney
Grassroots City
Evening Standard Dispossessed
Elders Endowment
Peter Wade Memorial
20 Fenchurch Street Legacy
Linklaters
EECF Hackney
EECF Tower Hamlets
EECF Newham
Philanthropy Club
Grant Making
Emergency Fund
Summer Programme
Study Support Weekends
Poplar Harca Grants
Isle of Dogs Grant Chest
Societe Generale
Foundation For Future London
Tower Hamlets Grant Chest
Allen & Overy Fund
Fund for Hackney
Newham Giving
Philanthropy Club Gift Aid
London Dock CF - St George Fund
Inspiring Communities
Digital Inclusion
Sponsorship fund
Vital Grants
Tower Hamlet Giving
Millwall Park Capital Project
YSA Fund
Tampon Tax Fund
BSBT
Marshall Bailey Fund
Tower Hamlets Small Grants
Bags of Tastes
Groundworks
Hill Chartitable Fund
Made By Sport
Life Chances
In House Projects
Island Exchange
Docklands 50+ Forum
General
St Matthias Church
Poplar Harca Community Dev.
Total restricted funds
Restricted funds:		 At the start of the
year
£
-
26,436
69,269
-
11,161
76,027
65,983
2,660
28,094
26,111
4,455
77,094
8,010
176,647
14,858
72,376
37,050
58,041
2,888
-
93,300
21,392
-
-
26,519
39,841
126,763
93,797
-
20,000
-
-
13,200
75,303
38,920
100,000
1,000
-
38,042
12,000
91,000
4,197
6,048
-
-
-
8,615
4,310
73,097
13,919		 Income
£
38,889
4,909
19,219
63,700
12,077
10,017
8,229
-
10,303
-
-
25,870
3,372
86,203
68,198
67,465
2,535
2,342,353
819
-
151,500
-
177,250
300,000
18,416
-
-
46,251
458
20,000
30,800
59,650
-
-
-
-
16,033
288
1,800
-
383,800
6,613
-
10,000
92,535
1,250
16,287
60,292
-
-		 Expenditure
£
(6,839)
-
(11,781)
-
-
-
-
-
(1,978)
(4,078)
(652)
(28,920)
-
-
-
-
-
(1,953,541)
(796)
(2,790)
(75,755)
(90,609)
(60,250)
(420,722)
(94,387)
(35,041)
(7,700)
(87,425)
-
(22,000)
(2,800)
(38,077)
-
-
(10,384)
-
(17,033)
(288)
(39,842)
-
(444,141)
(9,729)
(6,048)
-
(7,403)
-
(10,050)
(35,229)
-
-		 Gains/(losses)
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Transfers
£
(32,050)
(31,345)
-
(63,700)
(12,882)
(10,684)
(8,777)
532
-
10,937
1,782
(32)
(3,596)
(91,948)
(72,744)
(71,962)
4,815
(37,300)
-
2,790
(6,081)
102,590
-
120,722
112,838
(4,800)
97,803
74,692
-
-
-
69,300
-
-
(8,537)
-
-
-
-
(12,000)
-
-
-
-
-
-
-
-
-
(13,919)		 At the end of the
year
£
-
-
76,707
-
10,356
75,360
65,435
3,192
36,419
32,970
5,585
74,012
7,786
170,902
10,312
67,879
44,400
409,553
2,911
-
162,964
33,373
117,000
-
63,386
-
216,866
127,315
458
18,000
28,000
90,873
13,200
75,303
19,999
100,000
-
-
-
-
30,659
1,081
-
10,000
85,132
1,250
14,852
29,373
73,097
-
1,658,423 4,157,381 (3,526,288) - 116,444 2,405,960

37

East End Community Foundation

Notes to the financial statements

For the year ended 31 March 2021

19 Movements in funds (continued)

Endowment Funds
Education & Training
Employment and Training
Millwall Park
Main endowment fund
LDDC community grants
Grassroots Tower Hamlets
Grassroots Newham
Grassroots Hackney
Grassroots City
Evening Standard Dispossessed
Elders Endowment
Peter Wade Memorial
20 Fenchurch Street Legacy
Linklaters
EECF Hackney
EECF Tower Hamlets
EECF Newham
Philanthropy Club
S106 Expendable Endowment
Stoneyard Lane Exp Endowment
Total endowment funds
Grant Making
Endowment Building Incentive
Capital Investment
General Fund
Total unrestricted funds
Unrestricted funds:
General funds
Designated funds:
Total funds
Main endowment fund
S106 Grant making
Stoneyard Lane
Ropemakers enviromental		 At the start of the
year
£
1,103,429
139,285
545,310
2,501,265
1,807,406
342,667
284,218
233,490
16,179
230,105
332,499
54,141
13,867
95,666
2,445,877
1,935,013
1,914,230
38,232
772,787
741,511		 Income
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Expenditure
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Gains/(losses)
£
221,178
28,455
111,405
1,230,387
373,493
70,005
58,065
47,701
3,305
48,762
67,928
11,061
2,833
19,544
499,682
395,315
391,068
7,811
-
151,488		 Transfers
£
6,839
327
1,281
-
-
805
667
548
38
-
782
126
32
224
5,745
4,546
4,497
89
-
1,741		 At the end of the
year
£
1,331,446
168,067
657,996
3,731,652
2,180,899
413,477
342,950
281,739
19,522
278,867
401,209
65,328
16,732
115,434
2,951,304
2,334,874
2,309,795
46,132
772,787
894,740
15,547,177 -
-		 3,739,486 28,287 19,314,950
576,357
655,037
3,000,000		 -
-
-		 -
-
-		 -
-
-		 500,000
(500,000)		 576,357
1,155,037
2,500,000
4,231,394
-
36,133
36,440
329,068
1,428,907		 -
217,395
-
32,449
8,501
410,669		 -
(45,736)

-
(13,657)
(567)
(580,778)		 -
-
-
-
49,276
-		 -
(171,659)
-
-
567
26,361		 4,231,394
-
36,133
55,232
386,845
1,285,159
6,061,942 669,014 (640,738) 49,276 (144,731) 5,994,763
23,267,542 4,826,395 (4,167,026) 3,788,762 - 27,715,673

Purposes of restricted funds

Isle of Dogs Grants Chest. Income from the LDDC Community Grants and the LDDC Education & Training endowments are used to form this fund along with individual donations.

Tower Hamlets Grants Chest. Income from the Employment & Training and Grassroots Tower Hamlets endowments, along with donations from Berwin Cave Leighton Paisner (BCLP) and Quartet Community Foundation are used to form this fund.

Fund for Hackney. Income from EECF’s Community First and Grassroots Hackney endowments, and other small donations for Hackney form this fund.

Newham Giving. Income from EECF’s Community First and Grassroots Newham endowments, Berwin Cave Leighton & Paisner (BCLP), Northern Trust and other individual donations are used to form this fund.

Philanthropy Club. Income from the Philanthropy Club members to benefit the local community. 50% of annual donation is committed to the Club's endowment.

Grassroots City. Income from the Grassroots City Endowment Fund is available to fund provision that benefits the local community in the City area of London.

Millwall Park. Income from the Millwall Park Endowment Fund is available to fund provision that benefits the local community in the Millwall Park area on the Isle of Dogs (Tower Hamlets).

38

East End Community Foundation

Notes to the financial statements

For the year ended 31 March 2021

19 Movements in funds (continued)

Purposes of restricted funds (continued)

Poplar Harca Grants and Arts Chest. Poplar Harca’s fund is used to deliver a grants programme in the Tower Hamlets wards of Poplar, Lansbury, Mile End, Bromley South and Bromley North. Study Support Weekends. The income is generated from various parties including TD Securities and smaller donations. The fund is open to secondary schools in Tower Hamlets and Newham.

Income from the Evening Standard Dispossessed Fund is changeable and directed by the Evening Standard.

Allen & Overy Fund. This fund supports activities within Tower Hamlets and Hackney.

Isle of Dogs Summer Programme . This long standing programme is funded through the income raised by runners awarded a London Marathon Golden Bond place.

London Dock Community Fund - St George. The developer established this fund to support community activities close its development in Wapping, Tower Hamlets. The Fund specifically supports the wards of St Katharine’s & Wapping and Shadwell.

20 Fenchurch Street Legacy Fund. This fund was established by the 20 Fenchurch Street Partnership and is a vehicle for the buildings tenants and service providers to support projects in the boroughs of Tower Hamlets, Hackney and Newham. The current focus is on addressing unemployment.

Inspiring Communities. East End Community Foundation is distributing funding on behalf of Get Living London to support the local communities around East Village, E20.

Tampon Tax. A fund that covers EECF area of benefit and can be used to support organisations dedicated to supporting the needs of young girls and women.

TD Securities. Funds the Study Support Weekends, for charities identified by its staff and Newham Giving.

Vital Grants. Established by EECF from its unrestricted resources to address community cohesion in Tower Hamlets as identified by the community survey undertaken as part of our Vital Signs research.

Societe Generale UK Foundation Fund. Established to support young people of Tower Hamlets, Newham and Hackney, improving their educational development, through sport, arts or cultural activities and improving literacy.

Sponsorship Fund . Established by EECF to sponsor local events or initiatives with a strong East End focus or connection that may not naturally fit our typical grant criteria. S106. This fund is made up of two programmes; Millennium Quarter (MQ) and Riverside South (RS). The fund has been established with LBTH and is ring-fenced to activities serving residents on the Isle of Dogs (MQ) and the Isle of Dogs and South Poplar (RS).

Millwall Park Capital Project. This fund was established using income from the Millwall Park Endowment and is designated for a planned capital project in the park.

#iwill/YSA. This fund was established by the Office for Civil Society and Big Lottery Fund to support youth social action.

Elders Fund. Support elders activities in Tower Hamlets. Income is from the Elders Endowment, provided by an anonymous donor.

Life Chances . Supporting the most vulnerable people in the east end to recover from the pandemic and supporting lasting change

Purposes of designated funds

Grant Making - funds set aside by the trustees to top up the grant making funds.

Endowment Building Incentive - funds set aside by the trustees to build new endowment funds and match funds donated from outside organisations for endowments. Capital Investment - funds set aside for future capital investment by the charity.

39

East End Community Foundation

Notes to the financial statements

For the year ended 31 March 2021

19 Movements in funds (continued)

Purposes of endowment funds (continued)

Education & Training. The support of education and training project whose aim is to improve the prospect of residents living in the Isle of Dogs to secure employment

Employment & Training. The support education and training projects in Tower Hamlets

Millwall Park . Carrying out improvements to the environment and the provision or improvement of public leisure amenities or in the absence of such need other charitable provision to benefit the community in the Millwall Park area.

Main Endowment Fund. To support EECF’s core costs

LDDC Community Grants . To implement an annual programme of grants for the benefit of the community on the Isle of Dogs

Grassroots Tower Hamlets . To respond to the diverse needs of the communities in Tower Hamlets

Grassroots Newham . To respond to the diverse needs of the communities in Newham

Grassroots Hackney . To respond to the diverse needs of the communities in Hackney

Grassroots City . To respond to the diverse needs of the communities in City of London

Evening Standard Dispossessed . To benefit residents and communities in East London, as directed by the donor

Elders Endowment . To support projects working with older people to reduce isolation and increase involvement in the community across EECF’s area of benefit

Peter Wade Memorial . Community activities in EECF area of benefit, as directed by the donor

20 Fenchurch Street Legacy . For the benefit of communities in EECF’s area of benefit, as directed by the donors

Linklaters . For charitable projects that relate to social action at a local level by way of grant or social investment, as directed by the donor

EECF Hackney. For charitable projects in Hackney that relate to social action at a local level by way of grant or social investment

EECF Tower Hamlets . For charitable projects in Tower Hamlets that relate to social action at a local level by way of grant or social investment

EECF Newham . For charitable projects in Newham that relate to social action at a local level by way of grant or social investment

Philanthropy Club. Alleviation of poverty in EECF’s area of benefit

20 Prior year adjustment

As per the Charity SORP, income earned and expenditure incurred on endowments cannot be added to the endowment capital unless the charity has the power to invest on a total return basis. As the charity does not have this power, the income earned from endowments is required to be allocated to restricted or unrestricted funds dependent on the terms of the endowment. Historically, there have been misallocations in this regard with investment income and grant making expenditure being credited and debited directly to the endowment fund. Income and expenditure has therefore been reallocated between fund categories through a prior year adjustment leading to a restatement of brought forward funds. This adjustment is a reclassification of fund balances only, and does not have a net impact on overall results for the years considered.

Fund balances at 1 April 2018 as previously stated
Prior year restatement
Being reclassification of fund balances
Fund balances at 1 April 2018 as restated
Fund balances at 1 April 2019 as previously stated
Prior year restatement
Being reclassification of fund balances
Being reclassification of investment income fund allocation
Fund balances at 1 April 2019 as restated		 Unrestricted
Restricted
Endowment
Total
£
£
£
£
5,833,524
951,469
15,970,507
22,755,500
289,891
307,530
(597,421)
-
6,123,415
1,258,999
15,373,086
22,755,500
Unrestricted
Restricted
Endowment
Total
£
£
£
£
5,826,148
2,989,529
15,559,117
24,374,794
289,891
307,530
(597,421)
-
29,216
(1,767,691)
1,738,475
-
6,145,255
1,529,368
16,700,171
24,374,794

40

East End Community Foundation

Notes to the financial statements

For the year ended 31 March 2021

21 Reconciliation of net income / (expenditure) to net cash flow from operating activities

Net income / (expenditure) for the reporting period
(as per the statement of financial activities)
(Gains) / Losses on investments
Depreciation
Dividends and interest from investments
Decrease in debtors
Increase / (Decrease) in creditors
Net cash provided by operating activities		 2021
£
4,448,131
(3,788,762)
802
(683,660)
113,446
179,867		 2020
£
(1,107,252)
1,213,163
1,199
(753,544)
67,519
(147,518)
269,824 (726,433)

22 Analysis of cash and cash equivalents

Cash in hand
Cash held on deposit
Cash held in investment accounts
Total cash and cash equivalents		 At 1 April 2020
£
525,018
780,815
2,317,694		 Cash flows
£
523,588
665
(16,731)		 Other changes
£
-
-
-		 £
1,048,606
781,480
2,300,963
At 31 March 2021
3,623,527 507,522 - 4,131,049

23 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

24 Properties

The London Docklands Development Corporation, as part of its de-designation transferred the freeholds of numerous properties in the area occupied on long leases at nominal rent. The duty as freeholder is to ensure that the properties continue to be used for community benefit. The opportunity for EECF to financially benefit from these properties remains remote or subject to many contingent matters prior to valuation, therefore no amounts are included in these financial statements. The exception to this is the Workhouse site at Poplar that is on a short term lease and is an area deemed for redevelopment. EECF has a professional team of advisors and having developed a brief they marketed the redevelopment opportunity for this site in the summer of 2019. Applicants were shortlisted but presentations were delayed due to COVID-19. Once the process for identifying a suitable development opportunity and partner is identified, and the South Poplar Master Plan is available, the value of the site will be clear and the asset will be brought on to our balance sheet.

41