## **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: 

- Increase our grant making by 5% per annum, resulting in a distribution target of £1,102,500 

- Increasing new business to ensure community needs are being met 

- Appoint a development partner to progress plans for our freehold in Poplar to provide quality sports and housing for the local community as well as a permanent home for EECF 

- Continue to recruit trustees to strengthen the Board 

- Raise our profile through improved marketing and communications 

- Undergo an organisation review to ensure staffing requirements meet our needs 

- Have a new business three year business plan in place for 2021/22 onwards 

7 



**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: 

- Increase grant making spend in line with our five year business plan targets 

- Hold a series of learning events with grantees and funders to understand changing community needs as a result of the COVID-19 

- Build on the success of our East End Emergency Fund by engaging new and existing donors to ensure community needs are being addresses 

- Appoint a development partner for our freehold property in Poplar to provide quality sports and housing for the local community as well as a permanent home for EECF 

- Strengthen our trustees board with the aim of making it more reflective of our diverse community 

- Make staff appointments in line with the new staff structure 

- Raise our profile through improved marketing and communications, including a strong case for support 

- Have a new business three year business plan agreed 

11 



**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: 

- Select suitable accounting policies and then apply them consistently; 

- Observe the methods and principles of the Charities’ SORP, Accounting and Reporting by Charities; 

- Make judgements and accounting estimates that are reasonable and prudent; 

- State whether applicable United Kingdom Accounting Standards have been followed, disclosing and explaining any departures therefrom in the financial statements; 

- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 

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: 

- (a) There is no relevant information of which the auditors are unaware; and 

- (b) They have taken all relevant steps they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. 

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 

12 



**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: 

- give a true and fair view of the state of the charitable company’s affairs as at 31 March 2021 and of its income and expenditure for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Companies Act 2006. 

## **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. 

13 



**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: 

- the information given in the trustees’ report, which is also the directors’ report for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and 

- the trustees’ report, which is also the directors’ report for the purposes of company law, has been prepared in accordance with applicable legal requirements. 

## **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: 

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or 

- the financial statements are not in agreement with the accounting records and returns; or 

- certain disclosures of trustees’ remuneration specified by law are not made; or 

- we have not received all the information and explanations we require for our audit; or 

- the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the trustees’ report and from the requirement to prepare a strategic report. 

## **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. 

14 



**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: 

- the engagement director ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; 

- we identified the laws and regulations applicable to the charitable company through discussions with directors and other management, and from our knowledge and experience of the charity sector; 

- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit; 

- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the activities of the charitable company.  These included but were not limited to the Charities Act 2011, Companies Act 2006, data protection and anti-money laundering regulations; and 

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and reviewing the minutes of the meetings of trustees. 

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

- making enquiries of management and those charged with governance as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and 

- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. 

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

- performed analytical procedures to identify any unusual or unexpected relationships; 

- tested and reviewed journal entries to identify unusual transactions; 

- tested the authorisation of expenditure, ensuring expenditure was approved in line with the charitable company’s financial procedures; 

- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and 

- investigated the rationale behind significant or unusual transactions. 

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

- agreeing financial statement disclosures to underlying supporting documentation; 

- reviewing the minutes of meetings of trustees; and 

- enquiring of management and those charged with governance as to actual and potential litigation and claims. 

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<br>**Income from:**<br>2<br>3<br>4<br>5<br>5<br>5<br>7<br>**Total funds brought forward as previously stated**<br>Prior year adjustment (see note 20)<br>**Total funds carried forward**<br>**Net income / (expenditure) and net**<br>**movement in funds**<br>Total funds brought forward as restated<br>Transfers between funds<br>Net gains / (losses) on investments<br>**Net income/ (expenditure) for the year**<br>Raising funds<br>**Total expenditure**<br>**Net income before net gains / (losses) on**<br>**investments**<br>Charitable activities<br>Grant making<br>Other charitable activities<br>Donations and legacies<br>Investments<br>**Total income**<br>**Expenditure on:**<br>Other trading activities|Unrestricted<br>£<br>350,066<br>16,054<br>302,894|Restricted<br>£<br>3,770,299<br>6,316<br>380,766|Endowment<br>£<br>-<br>-<br>-|**2021**<br>**Total**<br>**£**<br>**4,120,365**<br>**22,370**<br>**683,660**|Unrestricted<br>£<br>198,964<br>12,623<br>334,320|Restricted<br>Endowment<br>£<br>£<br>1,529,878<br>-<br>2,400<br>-<br>419,224<br>-|**2020**<br>**Total**<br>**£**<br>**1,728,842**<br>**15,023**<br>**753,544**<br>**As restated**|
|---|---|---|---|---|---|---|---|
||669,014|4,157,381|-|**4,826,395**|545,907|1,951,502<br>-|**2,497,409**|
||234,090<br>218,896<br>187,752|162,504<br>3,225,757<br>138,027|-<br>-<br>-|**396,594**<br>**3,444,653**<br>**325,779**|299,811<br>232,272<br>75,087|40,076<br>-<br>1,594,453<br>-<br>149,799<br>-|**339,887**<br>**1,826,725**<br>**224,886**|
||640,738|3,526,288|-|**4,167,026**|607,170|1,784,328<br>-|**2,391,498**|
||49,276<br>28,276|-<br>631,093|3,739,486<br>-|**3,788,762**<br>**659,369**|(7,887)<br>(61,263)|-<br>(1,205,276)<br>167,174<br>-|**(1,213,163)**<br>**105,911**|
||77,552<br>(144,731)|631,093<br>116,444|3,739,486<br>28,287|**4,448,131**<br>**-**|(69,150)<br>(14,163)|167,174<br>(1,205,276)<br>(38,119)<br>52,282|**(1,107,252)**<br>**-**|
||(67,179)<br>-<br>-|747,537<br>-<br>-|3,767,773<br>-<br>-|4,448,131<br>-<br>-|(83,313)<br>5,826,148<br>319,107|129,055<br>(1,152,994)<br>2,989,529<br>15,559,117<br>(1,460,161)<br>1,141,054|**(1,107,252)**<br>**24,374,794**<br>-|
||6,061,942|1,658,423|15,547,177|**23,267,542**|6,145,255|1,529,368<br>16,700,171|**24,374,794**|
||5,994,763|2,405,960|19,314,950|**27,715,673**|6,061,942|1,658,423<br>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<br>**£**<br>**Fixed assets:**<br>12<br>13<br>22<br>**Current assets:**<br>14<br>**76,616**<br>22<br>**1,830,086**<br>**1,906,702**<br>**Liabilities:**<br>15<br>**(380,291)**<br>19<br>**4,231,394**<br>**1,763,369**<br>Total unrestricted funds<br>Cash held in investment portfolio<br>Tangible assets<br>Listed Investment<br>Creditors: amounts falling due within one year<br>**Net current assets**<br>Debtors<br>Cash at bank and in hand<br>**Total net assets**<br>**The funds of the charity:**<br>**Total assets less current liabilities**<br>Designated funds<br>Restricted income funds<br>Unrestricted income funds:<br>General funds<br>Endowment funds<br>**Total charity funds**|**2021**<br>**£**<br>**2,793**<br>**23,885,506**<br>**2,300,963**<br>**26,189,262**<br>**1,526,411**<br>**27,715,673**<br>**27,715,673**<br>**2,405,960**<br>**5,994,763**<br>**19,314,950**<br>**27,715,673**|£<br>190,062<br>1,305,833<br>1,495,895<br>(200,424)<br>4,231,394<br>1,830,548|2020<br>£<br>3,595<br>19,650,782<br>2,317,694<br>As restated|
|---|---|---|---|
||||21,972,071<br>1,295,471|
||||23,267,542|
||||23,267,542|
||||1,658,423|
||||6,061,942<br>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<br>21<br>22<br>Proceeds from sale of investments<br>**Cash flows from operating activities**<br>**Net cash provided by / (used in) operating activities**<br>**Cash flows from investing activities:**<br>Dividends and interest from investments<br>Purchase of investments<br>**Net cash provided by investing activities**<br>**Change in cash and cash equivalents in the year**<br>Cash and cash equivalents at the beginning of the year<br>**Cash and cash equivalents at the end of the year**|**£**<br>**£**<br>**269,824**<br>**683,660**<br>**908,611**<br>**(1,354,573)**<br>**237,698**<br>**507,522**<br>**3,623,527**<br>**4,131,049**<br>**2021**|£<br>£<br>(726,433)<br>753,544<br>122,258<br>(20,958)<br>854,844<br>128,411<br>3,495,116<br>3,623,527<br>2020|£<br>£<br>(726,433)<br>753,544<br>122,258<br>(20,958)<br>854,844<br>128,411<br>3,495,116<br>3,623,527<br>2020|
|---|---|---|---|
|||||
||||128,411<br>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 is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably. 

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. 

- For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material. 

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. 

- The estimate of useful economic life of tangible assets used to determine annual depreciation 

- The basis on which support costs have been allocated across expenditure activity headings; and 

- The assumption adopted in determining the value of any designation of unrestricted funds. 

## **2 Income from donations and legacies** 

|**2021**<br>Corporations<br>Individuals<br>Trusts & Foundation<br>Local Public Authority<br>Membership fees<br>Gift in Kind|Unrestricted<br>£<br>308,675<br>18,596<br>250<br>-<br>7,545<br>15,000|Restricted<br>£<br>1,011,925<br>162,449<br>2,252,125<br>343,800<br>-<br>-|Endowment<br>£<br>-<br>-<br>-<br>-<br>-<br>-|**Total**<br>**£**<br>**1,320,600**<br>**181,045**<br>**2,252,375**<br>**343,800**<br>**7,545**<br>**15,000**|
|---|---|---|---|---|
||350,066|3,770,299|-|**4,120,365**|



|**2020**<br>Corporations<br>Individuals<br>Trusts & Foundation<br>Local Public Authority<br>Membership fees<br>Gift in Kind|Unrestricted<br>£<br>134,585<br>19,920<br>-<br>-<br>29,459<br>15,000|Restricted<br>£<br>419,731<br>60,273<br>769,874<br>280,000<br>-<br>-|Endowment<br>£<br>-<br>-<br>-<br>-<br>-<br>-|**Total**<br>**£**<br>**554,316**<br>**80,193**<br>**769,874**<br>**280,000**<br>**29,459**<br>**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**<br>Rental income<br>Other<br>**2020**<br>Rental income<br>Other<br>**2021**<br>Bank interest<br>Dividends from investments<br>**2020 (as restated)**<br>Bank interest<br>Dividends from investments<br>-<br>**ome from investments**|Unrestricted<br>£<br>665<br>302,229|Unrestricted<br>£<br>10,000<br>6,054|£<br>-<br>6,316<br>Restricted|**Total**<br>**£**<br>**10,000**<br>**12,370**<br>**22,370**|
|---|---|---|---|---|
|||16,054|6,316||
|||Unrestricted<br>£<br>10,000<br>2,623|£<br>-<br>2,400<br>Restricted|**Total**<br>**£**<br>**10,000**<br>**5,023**|
|||12,623|2,400|**15,023**|
|||Restricted<br>£<br>-<br>380,766|Endowment<br>£<br>-<br>-|**Total**<br>**£**<br>**665**<br>**682,995**<br>**683,660**<br>**Total**<br>**£**<br>**2,217**<br>**751,327**<br>**753,544**|
||302,894|380,766|-||
||Unrestricted<br>£<br>2,217<br>332,103|Restricted<br>£<br>-<br>419,224|Endowment<br>£<br>-<br>-||
||334,320|419,224|-||



- **4 Income from investments** 

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)<br>Investment managers fees<br>Charitable activities direct costs<br>Rent<br>Marketing & Publicity<br>Computer costs<br>Office supplies<br>Telephone<br>Postage<br>Publications and subscriptions<br>Legal & professional<br>Audit fee<br>Insurance<br>Admin project fee<br>Freelance workers<br>Recruitment<br>Other costs<br>Support costs<br>Governance costs<br>**Total expenditure 2021**<br>Total expenditure 2020|Cost of<br>raising funds<br>£<br>160,525<br>42,914<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|Charitable|activities|Governance<br>costs<br>£<br>19,401<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>42,956<br>15,840<br>-<br>-<br>-<br>-<br>-|Support costs<br>£<br>35,702<br>-<br>-<br>15,000<br>12,608<br>11,992<br>2,758<br>3,741<br>220<br>14,348<br>-<br>-<br>1,252<br>274,951<br>85,020<br>20,454<br>3,626|**2021**<br>**Total**<br>**£**<br>**385,592**<br>**42,914**<br>**3,233,754**<br>**15,000**<br>**12,608**<br>**11,992**<br>**2,758**<br>**3,741**<br>**220**<br>**14,348**<br>**42,956**<br>**15,840**<br>**1,252**<br>**274,951**<br>**85,020**<br>**20,454**<br>**3,626**|2020<br>Total<br>£<br>390,263<br>44,471<br>1,627,371<br>15,000<br>35,983<br>12,016<br>3,076<br>3,166<br>800<br>12,426<br>48,318<br>9,150<br>7,232<br>33,438<br>61,022<br>6,000<br>81,766|
|---|---|---|---|---|---|---|---|
|||Grant making<br>£<br>103,110<br>-<br>3,153,986<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|Other<br>charitable<br>activities<br>£<br>66,854<br>-<br>79,768<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|||||
||203,439<br>166,177<br>26,978|3,257,096<br>161,361<br>26,196|146,622<br>154,134<br>25,023|78,197<br>-<br>(78,197)|481,672<br>(481,672)<br>-|4,167,026<br>**-**<br>**-**|2,391,498<br>-<br>-|
||**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<br>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<br>Coronavirus Response Activities<br>St John's Community Association<br>Coronavirus Response Activities<br>St Luke's Mission Initiative<br>Coronavirus Response Activities<br>St Peter's Community Wellbeing Projects<br>Coronavirus Response Activities<br>St Paul's Church Stratford<br>Coronavirus Response Activities<br>Step by Step<br>Coronavirus Response Activities<br>Stratford Salvation Army<br>Coronavirus Response Activities<br>Sundial Community Centre<br>Coronavirus Response Activities<br>Supporting Humanity Ltd<br>Coronavirus Response Activities<br>Teen Action<br>Coronavirus Response Activities<br>Thames Bengali Association<br>Coronavirus Response Activities<br>The Arc Church<br>Coronavirus Response Activities<br>The Bangladesh Youth Movement (BYM)<br>Coronavirus Response Activities<br>The Bow Foodbank<br>Coronavirus Response Activities<br>The Chicken Soup Shelter<br>Coronavirus Response Activities<br>The Community Hub<br>Coronavirus Response Activities<br>The Drop in Bereavement Centre<br>Coronavirus Response Activities<br>The Ensign Youth Club<br>Coronavirus Response Activities<br>The Friends of Tower Hamlets Cemetery Park<br>Coronavirus Response Activities<br>The Huddleston Centre<br>Coronavirus Response Activities<br>The Parish of the Isle of Dogs<br>Coronavirus Response Activities<br>The Rooted Forum<br>Coronavirus Response Activities<br>The Royal Foundation of St Katharine<br>Coronavirus Response Activities<br>The Sapphire Community Group<br>Coronavirus Response Activities<br>The Shadwell Community Project<br>Coronavirus Response Activities<br>The Wickers Charity<br>Coronavirus Response Activities<br>Tower Hamlets Education Business Partnership<br>Coronavirus Response Activities<br>Tower Hamlets Friends & Neighbours<br>Coronavirus Response Activities<br>Tower Hamlets Parents Centre<br>Coronavirus Response Activities<br>Toyhouse Libraries<br>Coronavirus Response Activities<br>Toynbee Hall<br>Coronavirus Response Activities<br>Transform UK<br>Coronavirus Response Activities<br>Treasures Foundation<br>Coronavirus Response Activities<br>UKIM Masjid Ibrahim Plaistow<br>Coronavirus Response Activities<br>Up 'N Away<br>Coronavirus Response Activities<br>Vallance Community Sports Association<br>Coronavirus Response Activities<br>Veterans Aid<br>Coronavirus Response Activities<br>Wadajir Somali Community Centre<br>Coronavirus Response Activities<br>Wapping Bangladesh Association<br>Coronavirus Response Activities<br>Waterloo Community Counselling<br>Coronavirus Response Activities<br>Weavers Adventure Playground Association<br>Coronavirus Response Activities<br>Weavers Community Forum<br>Coronavirus Response Activities<br>Well Grounded Jobs CIC<br>Coronavirus Response Activities<br>Wilton Estate Tenants and Residents Association<br>Coronavirus Response Activities<br>Wipers Youth C.I.C<br>Coronavirus Response Activities<br>Wise Youth Trust<br>Coronavirus Response Activities<br>Women's Inclusive Team (WIT)<br>Coronavirus Response Activities<br>Women's Trust<br>Coronavirus Response Activities<br>Woodgrange Baptist Church<br>Coronavirus Response Activities<br>Year Here<br>Coronavirus Response Activities<br>Young and Inspired<br>Coronavirus Response Activities<br>ZSV Trust<br>Coronavirus Response Activities<br>**Poplar Harca Grants**<br>Bikeworks CIC<br>Coronavirus Response Activities<br>Bromley by Bow Centre<br>Coronavirus Response Activities<br>Burdett FC<br>Burdett Community Projects<br>First Love Foundation<br>Coronavirus Response Activities<br>Manorfield Primary School<br>Coronavirus Response Activities<br>Neighbours in Poplar<br>Coronavirus Response Activities<br>Poplar & Lansbury Mutual Aid Group<br>Coronavirus Response Activities<br>Somali Senior Citizens Club<br>Coronavirus Response Activities<br>Take Stock Exchange<br>You, Me, the World and Poplar<br>Teviot Action Group<br>Coronavirus Response Activities<br>Wadajir Somali Community Centre<br>Coronavirus Response Activities<br>Women's Inclusive Team (WIT)<br>Coronavirus Response Activities<br>Year Here<br>Coronavirus Response Activities<br>Purpose: Supporting initiatives that improve the lives of communities living in and around Poplar HARCA's 12 estates|**£**<br>5,000<br>5,000<br>9,844<br>21,000<br>3,200<br>5,000<br>5,000<br>1,500<br>2,000<br>7,500<br>5,000<br>4,000<br>10,000<br>10,000<br>4,900<br>10,127<br>18,000<br>18,000<br>1,228<br>15,000<br>4,550<br>5,000<br>4,925<br>5,000<br>627<br>9,951<br>2,323<br>8,000<br>7,000<br>2,000<br>19,500<br>3,000<br>6,000<br>10,000<br>3,000<br>6,500<br>5,000<br>9,085<br>10,370<br>2,000<br>7,886<br>24,896<br>4,000<br>8,000<br>4,500<br>5,500<br>30,200<br>7,000<br>4,800<br>25,000<br>9,070<br>4,950|
|---|---|
||**1,813,532**|
||10,000<br>500<br>6,000<br>10,000<br>2,500<br>10,000<br>500<br>1,000<br>5,000<br>500<br>500<br>21,105<br>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**<br>Alpha Grove Centre<br>Activities for Elderly<br>Apollo Music Projects<br>Classical Music Residency<br>Canaan Project<br>Canaan Project - Isle of Dogs<br>Dockland Settlements<br>Project Development Worker & Parkview Summer Fund<br>Island House<br>Community Parents Project<br>Island House Craft Club<br>Christmas Lunch<br>Island House Playgroup<br>Playgroup SEN Worker<br>Isle of Dogs Bangladeshi Association and Cultural Centre<br>Advice & Community Activities<br>Kekoa Coaching<br>Football Sessions for Children & Young People<br>Mudchute Association<br>Farm Development Manager<br>Social Organisation for Unity & Leisure (SOUL)<br>Learning Zone<br>The Tower Hamlets Volunteer Police Cadets<br>Tower Hamlets Volunteer Police Cadets Qualification<br>Purpose:  Supporting community provision on the Isle of Dogs|**£**<br>4,374<br>3,500<br>10,000<br>10,170<br>7,000<br>200<br>8,000<br>5,450<br>800<br>7,800<br>5,000<br>6,000|
|---|---|
||**86,294**|



## **Millwall Park** 

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



## **Societe Generate UK Foundation Fund** 

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



## **Allen & Overy Fund** 

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

|Babel's Blessing<br>English for Change: ESOL and Community Organising<br>BluePrint Arts<br>Creative Ways into Work<br>Creative Lifestyle<br>Creative Futures<br>EFA London<br>ESOL for Work<br>Express Tuition<br>Online Employability Programme<br>Grand Union Music Theatre Ltd<br>Re:Generation Band<br>Island House<br>Community Training - SKILLS<br>Laburnum Boat Club<br>Junior Youth Watersports Training Project<br>Pop Hug Educations CIC (T/A Fizz Pop Science)<br>Bounce Back Science<br>Read Easy Hackney<br>Activity Packs for Readers<br>Shadow Youth Alliance<br>FutureGen<br>STEAMLabs Hackney CIC<br>STEAMLabs Community Club<br>The Shadwell Community Project<br>Friday Fire Club<br>The Suited & Booted Centre Ltd<br>A Helping Hand for Vulnerable Men<br>The Tower Hamlets Volunteer Police Cadets<br>Improving Employability<br>YourStance<br>YourStance Workshops<br>**Fund for Hackney**<br>Hackney CVS<br>Hackney Fund Emergency Support|2,500<br>2,262<br>2,500<br>2,304<br>2,500<br>2,262<br>2,500<br>2,416<br>2,262<br>749<br>2,500<br>2,262<br>2,262<br>1,000<br>2,500<br>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**<br>Ambition, Aspire, Achieve (AAA)<br>Arc Inclusive Holiday Experiences and Opportunities<br>Ambition, Aspire, Achieve (AAA)<br>Abbey Inclusive Holiday Experiences and Opportunities<br>Ascension Community Trust<br>Summer Scheme<br>Aston Mansfield<br>The Manor<br>Beckton Skills Centre<br>Go Kart Project, Build it, Race it<br>Bonny Downs Community Association<br>Go Wild! Summer Scheme 2020<br>Capital Kids Cricket<br>Summer Cricket Bonanza<br>Carpenters and Docklands Centre<br>Carpenters and Dockland Summer Scheme<br>Elevated Aspirations<br>Follow Your 'Art'<br>Fight for Peace<br>Twilight Summer Holiday Programme<br>Newham Community Renewal Programme<br>Share and Give<br>West Silvertown Village Community Foundation<br>Summer by the Docks<br>**London Dock CF - St George Fund**<br>Afro-Brazilian Arts & Cultural Exchange Institute<br>Coaches Fees<br>Cable Street Community Gardens<br>Gardening Tools<br>Friends of Tower Hamlets Cemetery Park<br>Summer Project<br>Newark Youth London<br>Stage Craft Summer Course<br>Pollyanna Training Theatre<br>Shadwell Basin Summer Project 2020<br>Shadwell Basin Outdoor Activity Centre<br>Sports Leadership Course<br>SocietyLinks Tower Hamlets<br>Bounce Back<br>SocietyLinks Tower Hamlets<br>"Nature and Us" Wild Wednesdays<br>Tower Hamlets Youth Sport Foundation<br>Wapping Wolverines Cricket<br>Wapping Youth FC<br>Fit for Summer Project<br>**20 Fenchurch Street Fund**<br>Purpose:  Tackling Unemployment<br>Well Grounded Jobs CIC<br>Employability & Training Programme<br>**#iwill Fund**<br>Purpose:  Youth social action initiatives<br>Elevated Aspirations<br>Summer Scheme<br>Newham Community Renewal Programme<br>Follow Your 'Art'<br>Ascension Community Trust<br>Share and Give<br>Peoples Empowerment Alliance for Custom House<br>ReBuild<br>**Building a Stronger Britian Together**<br>The Princes Trust<br>Breaking Stereotypes, Building Tolerance<br>**Tower Hamlets Council Older People Grants**<br>Dorset Community Association<br>Older People Lunch Club<br>Hornafrik Integration Projects<br>E14 BME Senior Citizen Project<br>Somali Senior Citizens Club<br>Somali Elders Lunch Club & Community Engagement Project<br>The Bangladesh Youth Movement (BYM)<br>Older BAMER People’s Initiative<br>The Ensign Youth Club<br>UNITY<br>Wadajir Somali Community Centre<br>Wadajir Elderly Lunch Club<br>Wapping Bangladesh Association<br>The Older People’s Friendship Club<br>Weavers Community Forum<br>Weavers Health Project<br>Purpose:  Positive holiday provision for children and young people in Newham<br>Purpose: Summer holiday provision for children and young people living in Shadwell and St Katherine's and Wapping<br>Purpose:  Provision of services for older Black, Asian and minority ethnic residents|**£**<br>9,500<br>5,625<br>1,365<br>8,531<br>10,000<br>4,923<br>9,983<br>10,000<br>6,136<br>8,530<br>3,000<br>9,832|
|---|---|
||**87,425**|
||500<br>250<br>2,715<br>3,000<br>2,115<br>2,970<br>3,000<br>500<br>2,700<br>250|
||**18,000**|
||15,000|
||**15,000**|
||3,210<br>3,000<br>1,365<br>7,000|
||**14,575**|
||38,042|
||**38,042**|
||10,610<br>12,770<br>12,770<br>12,770<br>12,770<br>12,770<br>12,770<br>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**<br>Purpose:  Tackling loneliness for people of all ages<br>Babel Theatre<br>The Orpheus Project<br>Blossom Project<br>Blossom Together<br>BowHaven<br>Operation Loneliness<br>City Steps Guided Tours<br>Moonscape – Trip of a Lifetime 2020<br>My First 1,000 Days<br>Carers Social Inclusion Project<br>Neighbours in Poplar<br>Loneliness Project<br>Olive Tree Education<br>Older Sukoon (Harmony) Project<br>Abdul Rawkib<br>Chai Club<br>Shahnaz Rifat<br>Mindful Mothers Project<br>Somali Senior Citizens Club<br>Somali Elders Befriending & Support Project<br>St Peters Community Wellbeing Projects<br>Wellbeing Programme<br>The Bangladesh Youth Movement (BYM)<br>Community Befriending & Support Initiative<br>Toyhouse Libraries<br>Early Connections<br>Wadajir Somali Community Centre<br>Wadajir Girls Youth Group<br>Wapping Bangladesh Association<br>Wapping's Mums Club<br>**Tower Hamlets Council Small Grants**<br>All 4 Teens CIC<br>ISBEDEL<br>Alpha Grove Centre<br>Community Fun Day<br>Approach Community Garden (ACG)<br>The Great Get Together<br>Associates of Community Trust UK<br>Local Pride<br>Birchfield Tenant Association<br>VE Day 75<br>Community Psychotherapy Network<br>Community Psychotherapy Network<br>Dockland Settlements<br>VE Day 75<br>Dorset Community Association<br>Community Access and Inclusion<br>East India over 50's Consortium<br>The Wild Women Collective<br>East London Cares<br>Connecting Communities in Crisis<br>Ebeegees<br>New Year Trip & VE Day<br>EFA London<br>Chisenhale ESOL Community Classes<br>Emmott Close Senior Citizens Club<br>Forever Young<br>Friends of St Eugene<br>Enabling Friendships 2020<br>Golden Girls<br>Coach Trips, BBQ & Refreshments<br>Grand Union Music Theatre Ltd<br>Independence Song<br>ICM Foundation CIC<br>Aerobic Sessions for Adults with Learning Difficulties and<br>Pat McCarthy<br>Sonali Day Trippers<br>Innercity Films<br>Let's Celebrate Tower Hamlets<br>Island House Craft Club<br>Island House Craft Club<br>Kayd Somali Arts & Culture<br>Tower Hamlets Online Somali Week Festival<br>Limehouse Community Forum<br>LimeGreen<br>London House Music Choir<br>The Big Lunch<br>London Jaguars FC<br>Womens Fitness and Nutrition Sessions<br>London Young Stars Elite<br>Family Day<br>Love My Street<br>The Great Get Together<br>Lower Regent's Coalition<br>East End Canal Festival and Film Project<br>Neighbours in Poplar<br>VE Day 75<br>Our Time<br>Tower Hamlets KidsTime Workshop<br>Outside Edge Theatre Company<br>Tower Hamlets Drop-in Drama<br>Prospect Walk Allotments Association<br>Communal Shed<br>Queen Victoria Seamen's Rest<br>Monthly Lunch Club<br>Rainbow Film Society<br>21st Rainbow Film Festival<br>Roman Road Trust<br>Transform The Common Room<br>Sidney Estates Tenants & Residents Association<br>The Big Lunch<br>Simple Gifts<br>Bethnal Green Social Action<br>Sketch Appeal<br>The Art of Self-Love<br>Spitalfields City Farm<br>The Volunteer and Coriander Club & The Great Get Together<br>St Clement's Residential Association<br>VE Day 75<br>St John's (Isle of Dogs) Community Association<br>Thursday Bingo Group<br>St Matthews Bethnal Green<br>The Big Lunch<br>St Paul's Arts Trust<br>The Long Family Dinner<br>Stepney Jewish Community Care Centre<br>VE Day 75<br>The Bangladesh Youth Movement (BYM)<br>Female Advice & Advocacy Initiative<br>The Geezers Club<br>The Geezers Club<br>The Oitij-jo Collective<br>TATI Textiles<br>The Shadwell Community Project<br>Grow, Cook and Eat!<br>The Yoga For Life Project CIC<br>Yoga for Long Covid Wellbeing Programme<br>Trapped in Zone One<br>Creative Activities & The Big Lunch<br>True You Today<br>Movement for Survivors<br>Udichi Shilpi Gosthi<br>Bangladesh Book Fair, Literary & Cultural Festival<br>Un-Age<br>Intergenerational Food Startup Acceleration<br>Walk East<br>Dosh! Budget-Friendly Living in the East End<br>Purpose: Supporting activities that will make a positive difference to the lives of local residents<br>31|**£**<br>1,000<br>4,986<br>5,000<br>788<br>2,900<br>4,680<br>4,894<br>1,000<br>1,000<br>5,000<br>5,000<br>5,000<br>3,482<br>5,000<br>5,000|
|---|---|
||**54,730**|
||4,949<br>678<br>250<br>4,991<br>250<br>4,980<br>250<br>4,959<br>4,510<br>5,000<br>850<br>5,000<br>1,000<br>900<br>600<br>4,500<br>4,760<br>1,000<br>4,900<br>350<br>4,985<br>3,500<br>250<br>4,985<br>4,500<br>250<br>3,500<br>250<br>5,000<br>10,000<br>1,200<br>500<br>3,500<br>5,000<br>250<br>4,924<br>3,940<br>5,250<br>250<br>500<br>250<br>5,000<br>250<br>4,891<br>500<br>5,000<br>4,884<br>3,500<br>5,000<br>1,182<br>3,500<br>4,000<br>4,951|





**East End Community Foundation** 

**Notes to the financial statements** 

## **For the year ended 31 March 2021** 

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



32 



**East End Community Foundation** 

**Notes to the financial statements** 

## **For the year ended 31 March 2021** 

- **7 Net (expenditure)/income for the year** 

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|



- **8 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel** 

Staff costs were as follows: 

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

- **9 Staff numbers** 

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

|Grant Making<br>Raising funds<br>Other Charitable Activities<br>Support<br>Governance|**2021**<br>**No.**<br>**3.7**<br>**2.8**<br>**1.3**<br>**0.9**<br>**1.3**|2020<br>No.<br>2.8<br>2.8<br>2.0<br>0.9<br>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<br>At 31 March 2021<br>At 31 March 2020<br>AFME<br>At 31 March 2021<br>At 31 March 2020<br>Chubb<br>At 31 March 2021<br>At 31 March 2020<br>Northern Trust<br>At 31 March 2021<br>At 31 March 2020<br>Clifford Chance<br>At 31 March 2021<br>At 31 March 2020<br>London Borough of Tower Hamlets<br>At 31 March 2021<br>At 31 March 2020<br> Rick Watson<br> Ashley Mullins<br> Jim MacHale<br> James Wright<br> Howard Dawber<br> Vicky Clark|Donation value<br>£|
||53,000<br>1,862<br>800<br>787<br>8,550<br>8,000<br>40,550<br>26,558<br>550<br>-<br>216,000<br>-|



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<br>At 31 March 2021<br>At 31 March 2020<br>SPLASH<br>At 31 March 2021<br>At 31 March 2020<br>Limehouse Boxing Academy<br>At 31 March 2021<br>At 31 March 2020<br> Shah Rahman<br> Sister Christine Frost<br> Sister Christine Frost|Grant award value<br>£|
||44,930<br>10,800<br>-<br>13,800<br>-<br>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**<br>**Tangible fixed assets**||||
|---|---|---|---|
|All of the above assets are used for charitable purposes.<br>**At the end of the year**<br>At the start of the year<br>**Depreciation**<br>**Net book value**<br>Eliminated on disposal<br>At the end of the year<br>At the end of the year<br>At the start of the year<br>Charge for the year<br>At the start of the year<br>Additions in year<br>**Cost**<br>Disposals in year|Computer<br>equipment<br>£<br>11,430<br>-<br>-|Office equipment<br>£<br>1,148<br>-<br>-|**Total**<br>**£**<br>**12,578**<br>**-**<br>**-**|
||11,430|1,148|**12,578**|
||8,594<br>633<br>-|389<br>169<br>-|**8,983**<br>**802**<br>**-**|
||9,227|558|**9,785**|
||2,203|590|**2,793**|
||2,836|759|3,595|
|||||



- **13 Listed investments** 

|**Listed investments**|||
|---|---|---|
|Historical cost at 31 March<br>Market value at the start of the year<br>**Debtors**<br>Gains and losses on revaluation and disposals<br>Disposal proceeds<br>Additions at cost<br>Market value at the end of the year<br>Trade debtors<br>Prepayments and other debtors<br>Accrued income|**2021**<br>**£**<br>**19,650,782**<br>**1,354,573**<br>**(908,611)**<br>**3,788,762**|2020<br>£<br>20,965,245<br>20,958<br>(122,258)<br>(1,213,163)|
||**23,885,506**|19,650,782|
||**18,810,331**<br>**2021**<br>**£**<br>**27,696**<br>**2,167**<br>**46,753**|18,984,547<br>2020<br>£<br>133,620<br>540<br>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<br>Trade and other creditors<br>Taxation and social security<br>Grants payable<br>Deferred Income|**2021**<br>**£**<br>**327,070**<br>**1,912**<br>**10,000**<br>**8,921**<br>**32,388**|2020<br>£<br>149,936<br>2,561<br>10,400<br>8,337<br>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.<br>Movements on deferred income during the year were as follows:<br>Balance brought forward as at 1 April<br>Amount released to income in the financial year<br>Balance carried forward to next financial year|**2021**<br>**£**<br>**10,400**<br>**(10,400)**<br>**10,000**|2020<br>£<br>163,115<br>(163,115)<br>10,400|
|---|---|---|
||**10,000**|10,400|



|**16**<br>Total future minimum lease payments under a non cancellable operating lease, in respect of office equipment,<br>is as follows.<br>**Operating Leases**<br>Not later than one year|**2021**<br>**£**<br>**-**|2020<br>£<br>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**<br>**At 31 March 2020 (as restated)**<br>Tangible fixed assets<br>Investments<br>Net current assets<br>**Net assets at the end of the year**<br>Tangible fixed assets<br>Investments<br>Net current assets<br>**Net assets at the end of the year**|General<br>unrestricted<br>£<br>2,793<br>4,455,559<br>1,536,411|£<br>-<br>19,314,950<br>-<br>Endowment|Restricted<br>£<br>-<br>2,415,960<br>(10,000)|**Total funds**<br>**£**<br>**2,793**<br>**26,186,469**<br>**1,526,411**|
|---|---|---|---|---|
||**5,994,763**|**19,314,950**|**2,405,960**|**27,715,673**|
||General<br>unrestricted<br>£<br>3,595<br>4,752,476<br>1,305,871|£<br>-<br>15,547,177<br>-<br>Endowment|Restricted<br>£<br>-<br>1,668,823<br>(10,400)|**Total funds**<br>**£**<br>**3,595**<br>**21,968,476**<br>**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<br>Employment and Training<br>Millwall Park<br>LDDC community grants<br>Grassroots Tower Hamlets<br>Grassroots Newham<br>Grassroots Hackney<br>Grassroots City<br>Evening Standard Dispossessed<br>Elders Endowment<br>Peter Wade Memorial<br>20 Fenchurch Street Legacy<br>Linklaters<br>EECF Hackney<br>EECF Tower Hamlets<br>EECF Newham<br>Philanthropy Club<br>Grant Making<br>Emergency Fund<br>Summer Programme<br>Study Support Weekends<br>Poplar Harca Grants<br>Isle of Dogs Grant Chest<br>Societe Generale<br>Foundation For Future London<br>Tower Hamlets Grant Chest<br>Allen & Overy Fund<br>Fund for Hackney<br>Newham Giving<br>Philanthropy Club Gift Aid<br>London Dock CF - St George Fund<br>Inspiring Communities<br>Digital Inclusion<br>Sponsorship fund<br>Vital Grants<br>Tower Hamlet Giving<br>Millwall Park Capital Project<br>YSA Fund<br>Tampon Tax Fund<br>BSBT<br>Marshall Bailey Fund<br>Tower Hamlets Small Grants<br>Bags of Tastes<br>Groundworks<br>Hill Chartitable Fund<br>Made By Sport<br>Life Chances<br>In House Projects<br>Island Exchange<br>Docklands 50+ Forum<br>General<br>St Matthias Church<br>Poplar Harca Community Dev.<br>**Total restricted funds**<br>**Restricted funds:**|At the start of the<br>year<br>£<br>-<br>26,436<br>69,269<br>-<br>11,161<br>76,027<br>65,983<br>2,660<br>28,094<br>26,111<br>4,455<br>77,094<br>8,010<br>176,647<br>14,858<br>72,376<br>37,050<br>58,041<br>2,888<br>-<br>93,300<br>21,392<br>-<br>-<br>26,519<br>39,841<br>126,763<br>93,797<br>-<br>20,000<br>-<br>-<br>13,200<br>75,303<br>38,920<br>100,000<br>1,000<br>-<br>38,042<br>12,000<br>91,000<br>4,197<br>6,048<br>-<br>-<br>-<br>8,615<br>4,310<br>73,097<br>13,919|Income<br>£<br>38,889<br>4,909<br>19,219<br>63,700<br>12,077<br>10,017<br>8,229<br>-<br>10,303<br>-<br>-<br>25,870<br>3,372<br>86,203<br>68,198<br>67,465<br>2,535<br>2,342,353<br>819<br>-<br>151,500<br>-<br>177,250<br>300,000<br>18,416<br>-<br>-<br>46,251<br>458<br>20,000<br>30,800<br>59,650<br>-<br>-<br>-<br>-<br>16,033<br>288<br>1,800<br>-<br>383,800<br>6,613<br>-<br>10,000<br>92,535<br>1,250<br>16,287<br>60,292<br>-<br>-|Expenditure<br>£<br>(6,839)<br>-<br>(11,781)<br>-<br>-<br>-<br>-<br>-<br>(1,978)<br>(4,078)<br>(652)<br>(28,920)<br>-<br>-<br>-<br>-<br>-<br>(1,953,541)<br>(796)<br>(2,790)<br>(75,755)<br>(90,609)<br>(60,250)<br>(420,722)<br>(94,387)<br>(35,041)<br>(7,700)<br>(87,425)<br>-<br>(22,000)<br>(2,800)<br>(38,077)<br>-<br>-<br>(10,384)<br>-<br>(17,033)<br>(288)<br>(39,842)<br>-<br>(444,141)<br>(9,729)<br>(6,048)<br>-<br>(7,403)<br>-<br>(10,050)<br>(35,229)<br>-<br>-|Gains/(losses)<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|Transfers<br>£<br>(32,050)<br>(31,345)<br>-<br>(63,700)<br>(12,882)<br>(10,684)<br>(8,777)<br>532<br>-<br>10,937<br>1,782<br>(32)<br>(3,596)<br>(91,948)<br>(72,744)<br>(71,962)<br>4,815<br>(37,300)<br>-<br>2,790<br>(6,081)<br>102,590<br>-<br>120,722<br>112,838<br>(4,800)<br>97,803<br>74,692<br>-<br>-<br>-<br>69,300<br>-<br>-<br>(8,537)<br>-<br>-<br>-<br>-<br>(12,000)<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>(13,919)|**At the end of the**<br>**year**<br>**£**<br>-<br>-<br>76,707<br>-<br>10,356<br>75,360<br>65,435<br>3,192<br>36,419<br>32,970<br>5,585<br>74,012<br>7,786<br>170,902<br>10,312<br>67,879<br>44,400<br>409,553<br>2,911<br>-<br>162,964<br>33,373<br>117,000<br>-<br>63,386<br>-<br>216,866<br>127,315<br>458<br>18,000<br>28,000<br>90,873<br>13,200<br>75,303<br>19,999<br>100,000<br>-<br>-<br>-<br>-<br>30,659<br>1,081<br>-<br>10,000<br>85,132<br>1,250<br>14,852<br>29,373<br>73,097<br>-|
|---|---|---|---|---|---|---|
||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**<br>Education & Training<br>Employment and Training<br>Millwall Park<br>Main endowment fund<br>LDDC community grants<br>Grassroots Tower Hamlets<br>Grassroots Newham<br>Grassroots Hackney<br>Grassroots City<br>Evening Standard Dispossessed<br>Elders Endowment<br>Peter Wade Memorial<br>20 Fenchurch Street Legacy<br>Linklaters<br>EECF Hackney<br>EECF Tower Hamlets<br>EECF Newham<br>Philanthropy Club<br>S106 Expendable Endowment<br>Stoneyard Lane Exp Endowment<br>**Total endowment funds**<br>Grant Making<br>Endowment Building Incentive<br>Capital Investment<br>General Fund<br>**Total unrestricted funds**<br>**Unrestricted funds:**<br>**General funds**<br>Designated funds:<br>**Total funds**<br>Main endowment fund<br>S106 Grant making<br>Stoneyard Lane<br>Ropemakers enviromental|At the start of the<br>year<br>£<br>1,103,429<br>139,285<br>545,310<br>2,501,265<br>1,807,406<br>342,667<br>284,218<br>233,490<br>16,179<br>230,105<br>332,499<br>54,141<br>13,867<br>95,666<br>2,445,877<br>1,935,013<br>1,914,230<br>38,232<br>772,787<br>741,511|Income<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|Expenditure<br>£<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|Gains/(losses)<br>£<br>221,178<br>28,455<br>111,405<br>1,230,387<br>373,493<br>70,005<br>58,065<br>47,701<br>3,305<br>48,762<br>67,928<br>11,061<br>2,833<br>19,544<br>499,682<br>395,315<br>391,068<br>7,811<br>-<br>151,488|Transfers<br>£<br>6,839<br>327<br>1,281<br>-<br>-<br>805<br>667<br>548<br>38<br>-<br>782<br>126<br>32<br>224<br>5,745<br>4,546<br>4,497<br>89<br>-<br>1,741|**At the end of the**<br>**year**<br>**£**<br>**1,331,446**<br>**168,067**<br>**657,996**<br>**3,731,652**<br>**2,180,899**<br>**413,477**<br>**342,950**<br>**281,739**<br>**19,522**<br>**278,867**<br>**401,209**<br>**65,328**<br>**16,732**<br>**115,434**<br>**2,951,304**<br>**2,334,874**<br>**2,309,795**<br>**46,132**<br>**772,787**<br>**894,740**|
|---|---|---|---|---|---|---|
||15,547,177|-|<br>-|3,739,486|28,287|**19,314,950**|
||576,357<br>655,037<br>3,000,000|-<br>-<br>-|-<br>-<br>-|-<br>-<br>-|500,000<br>(500,000)|**576,357**<br>**1,155,037**<br>**2,500,000**|
||4,231,394<br>-<br>36,133<br>36,440<br>329,068<br>1,428,907|-<br>217,395<br>-<br>32,449<br>8,501<br>410,669|-<br>(45,736)<br> <br>-<br>(13,657)<br>(567)<br>(580,778)|-<br>-<br>-<br>-<br>49,276<br>-|-<br>(171,659)<br>-<br>-<br>567<br>26,361|**4,231,394**<br>**-**<br> **36,133**<br> **55,232**<br>**386,845**<br>**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<br>Prior year restatement<br>Being reclassification of fund balances<br>**Fund balances at 1 April 2018 as restated**<br>Fund balances at 1 April 2019 as previously stated<br>Prior year restatement<br>Being reclassification of fund balances<br>Being reclassification of investment income fund allocation<br>**Fund balances at 1 April 2019 as restated**|Unrestricted<br>Restricted<br>Endowment<br>Total<br>£<br>£<br>£<br>£<br>5,833,524<br>951,469<br>15,970,507<br>22,755,500<br>289,891<br>307,530<br>(597,421)<br>-|
|---|---|
||6,123,415<br>1,258,999<br>15,373,086<br>22,755,500|
||Unrestricted<br>Restricted<br>Endowment<br>Total<br>£<br>£<br>£<br>£<br>5,826,148<br>2,989,529<br>15,559,117<br>24,374,794<br>289,891<br>307,530<br>(597,421)<br>-<br>29,216<br>(1,767,691)<br>1,738,475<br>-|
||6,145,255<br>1,529,368<br>16,700,171<br>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**<br>**(as per the statement of financial activities)**<br>(Gains) / Losses on investments<br>Depreciation<br>Dividends and interest from investments<br>Decrease in debtors<br>Increase / (Decrease) in creditors<br>**Net cash provided by operating activities**|**2021**<br>**£**<br>**4,448,131**<br>**(3,788,762)**<br>**802**<br>**(683,660)**<br>**113,446**<br>**179,867**|2020<br>£<br>(1,107,252)<br>1,213,163<br>1,199<br>(753,544)<br>67,519<br>(147,518)|
|---|---|---|
||**269,824**|(726,433)|



## **22 Analysis of cash and cash equivalents** 

|Cash in hand<br>Cash held on deposit<br>Cash held in investment accounts<br>**Total cash and cash equivalents**|At 1 April 2020<br>£<br>525,018<br>780,815<br>2,317,694|Cash flows<br>£<br>523,588<br>665<br>(16,731)|Other changes<br>£<br>-<br>-<br>-|**£**<br>**1,048,606**<br>**781,480**<br>**2,300,963**<br>**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