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2025-03-31-accounts

East End Community Foundation

(a company limited by guarantee)

Annual report and financial statements

For the year ended 31 March 2025

Charity registration number 1147789 Company registration number 08104415

East End Community Foundation

Contents

Page
Reference and administrative information 1
Chairman’s report 2
Trustees’ report 3 - 10
Independent auditor’s report 11 - 14
Statement of financial activities 15 – 16
Balance sheet 17
Statement of cash flows 18
Notes to the financial statements 19 - 43

East End Community Foundation

Reference and administrative information

For the year ended 31 March 2025

Trustees Bronek Masojada (Chairman)
Katherine Webster (Vice Chair)
Alkhad Ali
Babu Bhattacherjee
Laurence Everitt
Rev Jeremy Fraser
Jim MacHale
Catherine McGuinness
Tim Musgrave
Guy Nicholson
Sahidur Rahman
Rick Watson
Charity registered number 1147789
Company registered number 08104415
Company secretary John Dawson
Principal office EECF
Jack Dash House
2 Lawn House Close
London
E14 9YQF
Bankers Barclays Bank Plc
1 Churchill Place
London
E14 5HP
Independent auditor Buzzacott Audit LLP
130 Wood Street
London
EC2V 6DL
Investment managers CCLA
Senator House
85 Queen Victoria St
London
EC4V 4ET
Cazanove Capital
1 London Wall Place
London
EC2Y 5AU

1

East End Community Foundation

Chairman’s report

For the year ended 31 March 2025

As Chair of the East End Community Foundation (EECF), I am pleased to present you with our Trustees’ Report and Financial Statement to 31st March 2025.

In 2024/25, we invested over £1.6m in charitable activities tackling the broad range of social needs that exist locally. This is a sizeable sum, but EECF is mindful that, since the global pandemic and subsequent cost of living crisis, many charitable organisations in the East End have faced increased demand for their services while experiencing reduced funding opportunities.

In response, through our collaborative-giving Life Chances campaign, we have strengthened our efforts to encourage donors to work together to prioritise the most pressing social needs in our highly deprived area of benefit. Life Chances has enabled us to award higher value grants to provide increased stability to key local charitable organisations in a difficult financial climate, and to achieve greater qualitative social outcomes.

We have funded a wide range of community services and initiatives but prioritised youth unemployment and wellbeing, pensioner poverty, and digital inequality. This resulted in 375 young people moving into sustainable employment, over £888k of government benefits being secured for older people living in deprivation, and 652 families no longer experiencing digital inequality. For each beneficiary, our support will provide long-lasting positive change, and that is something we are extremely proud to have been part of.

At 31[st] March 2025, our Life Chances campaign was approaching the end of its three-year plan. Following a strategic review by EECF’s Board and consultation with campaign supporters, the decision was taken to extend this successful initiative for a further three years to March 2028. This is an exciting time, and we hope to see many more donors working with us in the years ahead.

As we approached the close of 2024/25, EECF entered its 35th year of alleviating poverty in London’s East End. We will celebrate this impressive milestone throughout 2025 and have many great stories to share.

Bronek Masojada Chairman

Date: 16 September 2025

2

East End Community Foundation

Trustees’ report (continued)

For the year ended 31 March 2025

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 awarding grants to charitable organisations at a grassroots level to address these issues using our own philanthropic resources. In addition, we advise, match and administer 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 grassroots grant maker we have excellent knowledge of the charitable sector across East London, and we are uniquely connected to its people and challenges. Our experience, expertise and research 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 and donors.

As an advisor, we are committed to ensuring our fund holders and donors get the most from their charitable investments, educating them on local issues and bringing 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 application of charitable giving in the East End through to full management of their funds. Throughout the process, donors have full control of decision making.

For our grantees, we are a vital source of financial support, and we work closely with them from pre-application through to monitoring and evaluation. We also provide a Funding Plus+ offer through which we deliver a volunteer brokerage service, sourcing corporate volunteers to support them with a wide range of needs, as well as delivering workshops to promote funding opportunities and advice on crafting good quality grant proposals.

In addition, when the need arises and we are best placed to do so, EECF also directly delivers programmes that tackle inequality and address the East End’s most pressing social needs.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The East End Community Foundation (EECF) is a registered charity (No. 1147789) and company limited by guarantee (08104415). It was incorporated on 13[th] June 2012 and became operational on 1[st] October 2012, following the merger of 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 2025. 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.

EECF is a membership organisation with four classes of membership (voluntary sector, business, statutory and individual), and only fully paid-up members can stand for a seat on the board when a vacancy arises. Prospective trustees are interviewed by our Nominations Committee which makes a recommendation to the full Board. The Board has the power to make appointments, but these must be presented to members at the AGM for ratification. The board of trustees may consist of no more than 15 trustees or no fewer than 9. Our 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 they retired from office. On the 31st of March 2025, EECF had 12 trustees. EECF seeks to possess a Board that has equal representation from the following classes of membership classes: Business, Statutory, Individual, and Voluntary.

Trustees may co-opt up to 5 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, their appointments are for a term of 12 months and are reviewed annually by the board. On the 31[st] March 2025, EECF had 4 co-optees as well as an honorary treasurer, a new posted that was introduced to support our finance function. The appointment was made in late November 2024.

3

East End Community Foundation

Trustees’ report (continued)

For the year ended 31 March 2025

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 and a one-to-one meeting with the Chief Executive. 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. Trustees are also encouraged to visit some of our grantees to better understand the needs of the community and the impact of our work.

No remuneration or expenses were paid to trustees, co-optees or contributors during the year. All declarations of interest are held on a formal register, and trustees must raise these, where relevant, at the start of every board and committee meeting. 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 Charity during the year ended 31[st] March 2025 and up to the date of approval of this report were:

Trustee Name Member Name Membership Class
Alkhad Ali SPLASH Voluntary
Babu Bhattacherjee The LETTA Trust Voluntary
Laurence Everitt Northern Trust Business
Jeremy Fraser Church of England Voluntary
Jim MacHale Clifford Chance Business
Bronek Masojada (Chair) Individual
Catherine McGuinness Individual
Tim Musgrave Career Milestones Business
Guy Nicholson London Borough of Hackney Statutory
Sahidur Rahman Limehouse Boxing Academy Voluntary
Rick Watson AFME Business
Katherine Webster (Vice Chair) Individual

Management

The day to day running of the charity is delegated to the Chief Executive, Tracey Walsh. The Board is responsible for setting strategies and policies for the charity and ensuring they are implemented. To assist the Board with its work, EECF has four Committees and a working group, the functions of which and members and contributors for the period ending 31[st] March 2025 were as follows:

Finance & Administration

Rick Watson (Chair) Bronek Masojada Jim MacHale

Co-optees / Contributors Adrian Greenwood Mark Sherlock John Jack

Grants Katherine Webster (Chair) Jim McHale Sahidur Rahman Alkhad Ali Catherine McGuinness Babu Bhattacherjee

Co-optees / Contributors Stella Bailey Dot Hodgson Lara Rufus Fayemi Jo Ellis

Nominations

Jim MacHale (Chair) Sahidur Rahman Katherine Webster

Co-optees / Contributors Ian Burpitt

4

East End Community Foundation

Trustees’ report (continued)

For the year ended 31 March 2025

Development & Communications Workhouse Working Group Guy Nicholson (Chair) Jeremy Fraser (Chair) Bronek Masojada Co-optees / Contributors Co-optees / Contributors Anne Clark (from May 2024) Wendy Miller

Staff Remuneration

Staff salaries are set in line with similar sized charitable organisations and are benchmarked with recruitment consultants. We also have a recruitment advisor co-opted to the Board. In addition to trustees, key management personnel in the period to 31st March 2025 were Tracey Walsh (CEO), Allan Anderson (Head of Grants and Programmes), Richard Parkinson (Head of Finance & Operations) and Marisa McDermott (Senior Finance Manager). All staff, including key management personnel, are eligible for an annual salary increase based on CPIH subject to meeting a specific grade as part of EECF’s appraisal process. At the end of this financial year and reviewing its policy, eligible staff were awarded an increase of 5%.

Trustees are not remunerated for their role with the Foundation. They can claim relevant expenses such as travel, but no expenses were claimed in the period.

Risk Management

Alongside the Finance & Administration committee, the Senior Finance Manager and CEO identify and review 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 and performance of its endowments, 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, has an employee assistance programme which offers access to wellbeing and mental health advice and support and continues to offer hybrid working arrangements.

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

As a grassroots grant maker, EECF 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 grantees are based within or delivering services directly benefiting residents within Tower Hamlets, Hackney, Newham and City of London.

Transparency is important to the Foundation, so all awarded grants are published on our website, updated at regular intervals throughout the year.

As a Community Foundation our mission is to support grassroots activities and, as such, our grant programmes have been designed to do just that. Grants vary in value depending on the guidelines and objectives of each grant-making fund we manage and start from £200. Funded activities and services are broad ranging and can be for one-off items of expenditure, e.g. equipment, social activities and training, through to initiatives addressing the high levels of unemployment that exist locally. Our grant application and monitoring processes are reflective of the value and

5

East End Community Foundation

Trustees’ report (continued)

For the year ended 31 March 2025

purpose of grants being sought and awarded i.e. lower value grant requests have a simplified application form and monitoring requirement compared to higher value grants.

Grants are awarded from three resources; EECF’s own financial resources, through our collaborative giving fund (Life Chances) and the charitable donor advised funds we manage on behalf of our fund holders and third parties. Full details of all grant awards are listed in Note 6.

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. But, in addition to this work EECF provides a Funding Plus+ offer and directly delivers several initiatives for the benefit of the community. Our Funding Plus+ offer supports the voluntary sector with capacity building activities including sourcing corporate volunteers and delivering on-line workshops on funding opportunities and advice on how to construct a strong case for support. We also provide 1- 2-1 support to applicants, particularly for those smaller organisations run by volunteers.

Our Winter Appeal is an example of direct delivery that complements our grant making. Through November to February EECF co-ordinates the delivery of care packages for older people experiencing hardship. Our Winter Appeal initiative has run for more than a decade. As has always been the case, EECF is supported in the packing and distribution of care packages by City and Canary Wharf based employees as well as voluntary sector organisations. In 2024/25, our care packages, that included electric blankets, were distributed to 1,500 isolated and low-income pensioners living within our area of benefit.

Our Connecting Communities initiative is a further example of direct delivery whereby we tackle digital inequality for low-income households locally through the coordination and distribution of a new IT device, 12 months free broadband and training for each family.

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. With the full breadth of social needs existing in the East End, EECF has prioritised support for young people, older people and tackling digital exclusion based on learning derived from its consultation, youth advisory group, Vital Issues research report and grant making expertise.

The Board is satisfied that its wide range of grant making programmes and the other charitable activities it delivers meet the requirement of providing public benefit as defined by the Charity Commission.

FINANCIAL REVIEW

Investment Strategy

To complement the skills and expertise of the Finance & Administration Committee, EECF continues to benefit from independent pro-bono guidance from John Jack, appointed to our newly established Honorary Treasurer role, and Mark Sherlock of Hermes Investment Management in reviewing and monitoring the performance of our investment managers as well as its investment policy.

Both of EECF’s investment managers (CCLA and Cazenove Capital) are engaged in regular communication with our former Head of Finance & Operations and now our Senior Finance Manager and the Finance & Administration Committee to discuss performance and investment strategy in addition to providing quarterly performance reports.

6

East End Community Foundation

Trustees’ report (continued)

For the year ended 31 March 2025

EECF’s Investment Policy, which has an ESG focus, sets out the Foundation’s remit to maintain an income level of at

least 3% while targeting a total return of CPI +4%.

Reserves Policy

EECF’s reserves policy states the charity should aim to keep a minimum reserve of £500k of 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. On 31 March 2025, EECF had total resources of £31.6m of which £26.3m was designated or restricted for a specific purpose. The unrestricted balance of the funds amounted to £5.3m which meets the reserves policy requirement.

A designated fund of £1.1m exists in the form of our endowment match incentive programme and is intended as a resource to attract new endowment holders. This fund will be actively promoted in the year ahead as part of 35[th] anniversary celebrations.

Review of the period

The year ending 31 March 2025 was another busy and productive period. The Charity:

EECF continues to grow and improve the impact of grant making. Regardless of the challenges that come our way, to effectively and meaningfully invest in our local communities remains our priority and we remain resilient, focused and committed. 2024/25 was a positive year with a broad ranging grant offer including higher-value multi-year commitments for grantees, new donors joining our Life Chances collaborative giving campaign and an increased LinkedIn profile.

Income for the period to 31 March 2025 totalled £2,889,889 (2024: £2,057,803) against which total expenditure of £2,017,075 (2024: £1,921,937) was incurred. Expenditure remained lower than income due to a positive closing balance brought forward from the prior year. EECF categories its donors as Business, Trusts & Foundations, Statutory and Individuals.

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

EECF’s business plan to 31st March 2028 was agreed in March 2023, with clear criteria to guide the work of the charity. For 2024/25 we operated in line with our approved budget and continued to focus our efforts on progressing our collaborative-giving Life Chances campaign as a means of achieving greater social outcomes. Information on our wider objectives for the year ending 31st March 2025 are detailed below.

One highlight of the year was working with the Charity Commission to secure the release of dormant charitable funds specific to EECF’s area of benefit. EECF hopes to begin applying these funds for charitable benefit in 2025/26 subject to Charity Commission permission.

7

East End Community Foundation

Trustees’ report (continued)

For the year ended 31 March 2025

Grant Making

In the twelve months to 31st March 2025, EECF received 469 funding requests totalling £2.7m. We awarded 150 grants totalling £1.27m based on budget availability to support a wide range of social needs. Grants ranged from £400 to £31,800.

EECF, we have always respected and 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. 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.

In addition to the financial support we provide in the form of grants, we continued to deliver well attended workshops for the local voluntary sector to advise on funding opportunities and how to craft quality grant applications. We also provided the same audience with our corporate volunteer brokerage service to aid their work, and continued to deliver our Winter Appeal, Connecting Communities and Youth Employment Support (YES) programme to directly support the needs of vulnerable people locally.

Business Development

Despite neighbouring the wealthy areas of Canary Wharf and the City of London, the East End of London suffers from high levels of entrenched deprivation, adversely affecting young people and older people. Unfortunately, these needs and the localised approach required 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 highlighting the social needs that exist locally to influence the approach of donors to seek a more collaborative approach to community investment within our area of benefit. Our Life Chances campaign is an example of this and as we concluded Year 3, we are proud that it has delivered our predictions of higher value investment in selected local charitable organisations leading to higher quality social outcomes. As a result, during the year our Board took the decision to continue the campaign for a further three years from 2025/26 and committed EECF resources of £1.3 million to the cause.

Develop plans for our freehold property in Poplar

EECF remains committed to ensuring we have a comprehensive offer for our freehold site in Poplar that is right for both the charity and local community. Progress in redeveloping the site has been on hold due to unresolved rights of access issues created by an oversight of the original freeholder – the London Docklands Development Corporation. The London Borough of Tower Hamlets has agreed to grant right of access to the north of the site in exchange for an overage arrangement relating to any housing built on the site. We are still awaiting a response from TfL, which holds access rights to the south of our site. If this one outstanding right of access issue remains unresolved in early 2025/26, EECF will escalate its formal request for rights of access to enable progress on the redevelopment.

Staff and Trustee Recruitment

We operated for much of the year with a full staff, but with the departure of two finance staff at different times of the year we took the opportunity to review our resourcing needs for this function and created a single Senior Finance Manager role and an Honorary Treasurer position which were filled in October and November respectively.

Trustees remained engaged throughout 2024/25 and alternated Board meetings between in-person and on-line.

All trustees are detailed on Page 4. With an effective Board of twelve, the decision was taken to pause trustee recruitment during the year. The Foundation continues to possess an active, committed and cohesive board of trustees.

8

East End Community Foundation

Trustees’ report (continued)

For the year ended 31 March 2025

Plans for the future

Throughout 2025/26, EECF will focus its efforts on achieving the following:

9

East End Community Foundation

Trustees’ report (continued)

For the year ended 31 March 2025

Statement of Trustees’ Responsibilities

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

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

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

Audit information

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

Auditors

Buzzacott Audit LLP are appointed as our auditors. A resolution proposing their reappointment will be submitted at the Annual General Meeting.

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

On behalf of the trustees

Bronek Masojada Chairman

Date: 16 September 2025

10

Independent auditor’s report to the members of East End Community Foundation For the year ended 31 March 2025

Opinion

We have audited the financial statements of East End Community Foundation (the ‘charitable company’) For the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, and statement of cash flows, the principal accounting policies and the notes to the financial statements. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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.

11

Independent auditor’s report to the members of East End Community Foundation For the year ended 31 March 2025

Opinions on other matters prescribed by the Companies Act 2006

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

Matters on which we are required to report by exception

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

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities contained within the trustees report, 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.

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:

12

Independent auditor’s report to the members of East End Community Foundation For the year ended 31 March 2025

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

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

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

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

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

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.

13

Independent auditor’s report to the members of East End Community Foundation For the year ended 31 March 2025

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 Audit LLP, Statutory Auditor 130 Wood Street London EC2V 6DL

Date: 3 October 2025

14

East End Community Foundation – Registered Company number: 08104415

Statement of financial activities

For the year ended 31 March 2025

Note
Income from:
Donations and legacies
2
Other trading activities
3
Investments
4
Total income
Expenditure on:
Raising funds
5
Charitable activities:
Grant making
5
Other charitable activities
5
Total expenditure
Net income before net gains on investments
Net losses on investments
Net expenditure for the year
7
Transfers between funds
18
Net (expenditure) / income and net movements
in funds
Total funds brought forward as previously stated
Total funds carried forward		 Unrestricted
£
Restricted
£
Endowment
£
2025
Total
£
2024
Total
£
36,214
1,707,444
9,836
1,753,494
1,082,382
10,123
4,480
-
14,603
10,000
653,822
386,616
81,354
1,121,792
965,421
700,159
2,098,540
91,190
2,889,889
2,057,803
163,282
-
-
163,282
345,005
292,880
1,273,217
-
1,566,097
1,294,525
168,575
119,121
-
287,696
282,407
624,737
1,392,338
-
2,017,075
1,921,937
75,422
706,202
91,190
872,814
135,866
(338,226)
(5,314)
(762,195)
(1,105,735)
2,615,079
(262,804)
700,888
(671,005)
(232,921)
2,750,945
4,197
878,797
(882,994)
-
-
(258,607)
1,579,685
(1,553,999)
(232,921)
2,750,945
6,732,523
3,438,883
21,654,779
31,826,185
29,075,240
6,473,916
5,018,568
20,100,780
31,593,264
31,826,185

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 18 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 19 to 43 form part of these financial statements.

15

East End Community Foundation – Registered Company number: 08104415

Statement of financial activities

For the year ended 31 March 2024

Note
Income from:
Donations and legacies
2
Other trading activities
3
Investments
4
Total income
Expenditure on:
Raising funds
5
Charitable activities:
Grant making
5
Other charitable activities
5
Total expenditure
Net (expenditure) / income before net gains on
investments
Net gains on investments
Net (expenditure) / income for the year
7
Transfers between funds
18
Net movements in funds
Total funds brought forward as previously stated
Total funds carried forward		 Unrestricted
£
Restricted
£
Endowment
£
2024
Total
£
71,165
986,217
25,000
1,082,382
10,000
-
-
10,000
489,208
476,213
-
965,421
570,373
1,462,430
25,000
2,057,803
345,005
-
-
345,005
247,562
1,046,963
-
1,294,525
145,037
137,370
-
282,407
737,604
1,184,333
-
1,921,937
(167,231)
278,097
25,000
135,866
27,535
-
2,587,544
2,615,079
(139,696)
278,097
2,612,544
2,750,945
238,710
(260,228)
21,518
-
99,014
17,869
2,634,062
2,750,945
6,633,509
3,421,015
19,020,716
29,075,240
6,732,523
3,438,884
21,654,778
31,826,185

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 18 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 19 to 43 form part of these financial statements.

16

East End Community Foundation– Registered Company number: 08104415

Balance sheet

As at 31 March 2025

Note
Fixed assets:
Tangible assets
12
Intangible assets
Listed investment
12
13
Cash held in investment portfolio
20
Current assets:
Debtors
14
Cash and bank and in hand
20
Liabilities:
Creditors: amounts falling due
within one year
15
Net currents assets
Total assets less current liabilities
Total net assets
The funds of the charity:
Restricted income funds
18
Unrestricted income funds:
Designated funds
General funds
Total unrestricted funds
Endowment funds
Total charity funds		 2025
£
£
6,527
22,607
26,374,724
4,849,275
31,253,133
264,028
683,768
947,796
(607,665)
340,131
31,593,264
31,593,264
5,018,568
1,131,758
5,342,158
6,473,916
20,100,780
31,593,264		 £
191,547
516,225
707,772
(511,646)
1,135,037
5,597,486		 2024
£
4,296
16,607
28,303,906
3,305,250
31,630,059
196,126
1,131,758
5,342,158
31,826,185
31,826,185
3,438,883
6,732,523
21,654,779
31,826,185

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.

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

Bronek Masojada Chairman and Trustee

Date: 16 September 2025

The notes on pages 19 - 43 form part of these financial statements.

17

East End Community Foundation– Registered Company number: 08104415

Statement of cash flows

For the year ended 31 March 2025

Note
Cash flows from operating activities
Net cash provided by / (used in) operating
activities
19
Cash flows from investing activities:
Dividends and interest from investments
Purchase of fixed assets
Proceeds from sale of investments
Purchase of investments
Net cash provided by investing activities
Change in cash and cash equivalents in the
year
Cash and cash equivalents at the beginning of
the year
Cash and cash equivalents at the end of the
year
20		 2025
£
£
(222,398)
1,121,792
(11,273)
1,189,796
(366,349)
1,933,966
1,711,568
3,821,475
5,533,043		 2024
£
£
(783,635)
965,421
(16,608)
10,489,879
(10,548,159)
890,533
106,898
3714,577
3,821,475

The accounting policies and notes on pages 19 to 43 from part of these financial statements.

18

East End Community Foundation

Notes to the financial statements

For the year ended 31 March 2025

1. Principal 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 1 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 have considered the working capital requirements of the company. The trustees believes that the company has adequate financial resources to continue in operational existence for the foreseeable future and meet its 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.

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.

19

East End Community Foundation

Notes to the financial statements (continued)

For the year ended 31 March 2025

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.

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.

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 include 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.

20

East End Community Foundation

Notes to the financial statements (continued)

For the year ended 31 March 2025

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 foreseeable 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 22, EECF intends for the property to 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 aforementioned, no value has been placed on this property within these accounts.

Intangible fixed assets

Comprise amounts incurred for the development of software for use in the charity’s activities. Software is depreciated over its estimated useful life (5 years) from the date at which it is brought into use. At 31[st] March 2025, the software development had not yet been completed.

m)

Listed investments

Listed 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.

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 held as part of the investment portfolio is intended for longer term investment and therefore shown on the balance sheet as a fixes asset; however the cash balances are instantly accessible and therefore deemed to be a cash equivalent. Cash balances exclude any funds held on behalf of service users.

21

East End Community Foundation

Notes to the financial statements (continued)

For the year ended 31 March 2025

p) Creditors and provisions

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 areas of the financial statements where significant estimates or judgements have been applied include:

2. Income from donations and legacies

Business
Individuals
Trusts & Foundations
Statutory
Membership Fees
Gift in Kind		 Unrestricted
£
5,172
2,722
8,000
-
5,320
15,000
36,214		 Restricted
£
1,198,234
57,022
469,016
(16,828)
-
-
1,707,444		 Endowment
£
9,836
-
-
-
-
-
9,836		 2025
Total
£
1,213,242
59,744
477,016
(16,828)
5,320
15,000
1,753,494

22

East End Community Foundation

Notes to the financial statements (continued)

For the year ended 31 March 2025

Business
Individuals
Trusts & Foundations
Statutory
Membership Fees
Gift in Kind		 Unrestricted
£
45,746
3,023
2,000
-
5,396
15,000
71,165		 Restricted
£
424,012
73,759
419,773
68,673
-
-
986,217		 Endowment
£
25,000
-
-
-
-
-
25,000		 2024
Total
£
494,758
76,782
421,773
68,673
5,396
15,000
1,082,382

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

23

East End Community Foundation

Notes to the financial statements (continued)

For the year ended 31 March 2025

3. Income from other trading activities

2025
Rental income
Other
2024
Rental income		 Unrestricted
£
10,119
4
10,123
Unrestricted
£
10,000
10,000		 Restricted
£
-
4,480
4,480
Restricted
£
-
-		 Total
£
10,119
4,484
14,603
Total
£
10,000
10,000

4. Income from investments

2025
Dividends from investments
2024
Dividends from investments		 Unrestricted
£
653,822
653,822
Unrestricted
£
489,208
489,208		 Restricted
£
386,616
386,616
Restricted
£
476,213
476,213		 Endowment
£
81,354
81,354
Endowment
£
-
-		 Total
£
1,121,792
1,121,792
Total
£
965,421
965,421

24

East End Community Foundation

Notes to the financial statements (continued)

For the year ended 31 March 2025

5. Analysis of expenditure

Staff costs (Note 8)
Investment
management fees
Charitable
activities direct
costs
Rent
Marketing &
advertising
IT costs
Office costs
Telephone
Postage & courier
Subscriptions &
publications
Legal &
professional
Audit fees
Insurance
Freelance workers
Recruitment
Other costs
Support costs
Governance costs
Total expenditure
2025
Total expenditure
2024		 Cost of
raising
funds
£
80,184
13,347
-
-
-
-
-
-
-
-
-
-
-
-
-
-
93,531
55,285
14,466
163,282
345,005		 Charitable activities
Grant
making
Other
charitable
activities
£
£
156,629
90,153
-
-
1,273,217
119,121
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,429,846
209,274
107,994
62,159
28,257
16,263
1,566,097
287,696
1,294,525
282,407		 Governance
costs
£
43,011
-
-
-
-
-
-
-
-
-
1,775
14,200
-
-
-
-
58,986
-
(58,986)
-
-		 Support
costs
£
84,255
-
-
15,000
6,286
21,159
1,865
1,735
53
15,842
-
-
2,365
59,151
10,800
6,927
225,438
(225,438)
-
-
-		 2025
Total
£
454,232
13,347
1,392,338
15,000
6,286
21,159
1,865
1,735
53
15,842
1,775
14,200
2,365
59,151
10,800
6,927
2,017,075
-
-
2,017,075
1,921,937		 2024
Total
£
524,439
42,170
1,184,333
15,000
6,385
10,469
2,185
2,973
38
14,866
35,039
13,920
1,385
34,559
22,701
11,476
Grant
making
£
156,629
-
1,273,217
-
-
-
-
-
-
-
-
-
-
-
-
-
1,429,846
107,994
28,257
1,566,097
1,294,525
1,921,938
-
-
1,921,938

Of the total expenditure, £624,737 was unrestricted (2024: £737,604) and £1,392,338 restricted (2024: £1,184,333).

25

East End Community Foundation

Notes to the financial statements (continued)

For the year ended 31 March 2025

6. Grant making Year ended 31 March 2025

EECF Life Chances Young People

Purpose: EECF Strategic Goal of improving well-being and employment opportunities of young people, tackling pensioner poverty and promoting digital inclusion.

Newham Community Renewal Programme
Holiday activities for young people
London Sportif
Holiday activities for young people
Tropical Isles
Holiday activities for young people
SPLASH
Holiday activities for young people
Hackney Shed
Holiday activities for young people
Laburnum Boat Club
Holiday activities for young people
Elevated Aspirations
Holiday activities for young people
West Silverton Village Community
Holiday Activities for Young People
Capital Kids Cricket
Holiday Activities for Young People
H.O.P.E at Morningside
Holiday Activities for Young People
SONshine Club
Holiday Activities for Young People
Ambition, Aspire, Achieve (AAA)
Holiday Activities for Young People
Becton Skills Centre Capital Kids Cricket
Holiday Activities for Young People
Carpenters and Docklands Centre
Holiday Activities for Young People
Bonny Downs Community Association
Holiday Activities for Young People
St Andrews Youth Development Trust
Holiday Activities for Young People
Spark2Life
Skills and employment project for young people
Mudchute Association
Skills and employment project for young people
Poplar HARCA
Skills and employment project for young people
Fight for Peace
Skills and employment project for young people
Circle Community
Skills and employment project for young people
VOYAGE
Skills and employment project for young people
Tropical Isles
Skills and employment project for young people
Positive Action Through Creativity
Skills and employment project for young people
Well Grounded Jobs CIC
Skills and employment project for young people		 12,564
10,000
15,000
10,000
11,817
9,865
8,000
14,771
14,410
14,010
9,308
14,850
13,920
10,742
10,743
10,000
25,000
30,000
31,800
31,800
31,800
31,800
10,000
20,000
31,800
434,000

EECF Life Chances: Older People

Purpose: EECF Strategic Goal of addressing isolation and tackling pensioners poverty

Neighbours In Poplar
Tackling pensioner poverty
Neighbours In Poplar
Tackling pensioner poverty
Skills Enterprise
Tackling pensioner poverty
Aishah Help
Tackling pensioner poverty
Families Support Group
Tackling pensioner poverty
Island House Community Centre
Tackling pensioner poverty		 22,000
1,500
20,000
20,000
10,000
20,000
93,500

26

East End Community Foundation

Notes to the financial statements (continued)

For the year ended 31 March 2025

The Wendy & Marshall Bailey Fund

The Wendy & Marshall Bailey Fund
Purpose: Activities supporting women and girls
Alternatives Trust East London
Counselling service for women

Isle of Dogs Grants Chest & Millwall Park Endowment Fund
Purpose: Supporting community provision on the Isle of Dogs
Island House Community Centre
Community projects for residents
Neighbours in Poplar
Core costs
Canaan Project
Community project for girls
SPLASH
Employment project
Will Crooks Tenants and Residents Association
Community activities for residents
Open City
Young City Makers project in Schools
Dockland Settlements
Community activities for children
Half Moon Young People's Theatre
Workshops for pre-school children and their
parents/carers
Trapped in Zone One
Community projects for residents
Isle of Dogs Bangladeshi Association and Cultural
Centre
Support programme for older residents
Poplar Shahjalal Centre
Advocacy and advice service
Betty May Grey over 50s Club
Social group for older people
Assemble (AssemblePlay)
Community activities for children
Seeds for Growth
Community gardening project
Purple Moon Drama
Black History Month Celebration
Beyond the Bias LTD
Core costs		 2,000
2,000
8,500
5,000
8,000
10,000
1,500
5,000
5,000
7,000
5,000
10,000
10,000
1,000
9,975
8,872
3,905
2,095
100,847

L&Q Foundation: Haggerston Estate Community

Fund

Purpose: Projects providing support to residents within and around the Haggerston and Kingsland Estate

Future Hackney
Local history project
Valued Green C.I.C.
Provision of food and essential items
Treasure Sports Club CIC
Exercise classes for young people
Hoxton Health
Wellbeing for older people
VOYAGE
Skills and employment project for young people
Clean Slate Training & Employment
Quids in! Money Guidance project		 5,000
4,000
5,000
10,000
5,000
7,000
36,000

London Dock Community Fund

London Dock Community Fund London Dock Community Fund
Purpose: Summer holiday provision for children and young people in Shadwell and St Katherine's
and Wapping
Cable Street Community Gardens Community gardening project 800
Beyond the Bias Summer activities for young people 3,263
Wapping High School Summer activities for young people 3,801

27

East End Community Foundation

Notes to the financial statements (continued)

For the year ended 31 March 2025

Pollyanna Training Theatre
Summer activities for young people
Afro-Brazilian Arts & Cultural Exchange Institute
Summer activities for young people
SocietyLinks Tower Hamlets
Summer activities for young people
E1 Community Gardeners
Community gardening project
Purple Moon Drama CSS
Summer activities for young people
Shadwell Basin Outdoor Activity Centre
Summer activities for young people		 4,400
2,000
5,000
400
5,000
3,076
27,740

Poplar HARCA Fund

Purpose: Supporting initiatives that improve the lives of communities living in and around Poplar HARCA's Purpose: Supporting initiatives that improve the lives of communities living in and around Poplar HARCA's estates
Limehouse Boxing Academy Core costs 15,000
Tower Hamlets Youth League United Community football project for women and girls 5,000
First Love Foundation Advocacy and advice service 30,000
Bromley by Bow Community Organisation Community projects for residents 25,000
Burdett Foundation Community projects for residents 20,000
Burdett Foundation Core Costs 15,000
110,000

Societe Generale UK Foundation Fund

Purpose: Supporting skills development and employability of young people and adults furthest from the job market

Grow
Skills and employment project for adults with
learning disabilities
Well Grounded Jobs CIC
Skills and employment project for young people
Empire Fighting Chance
Skills and employment project for young people
Cardboard Citizens
Skills and employment project for adults
YOH Ltd
Skills and employment project for young people
Social Ark CIC
Skills and employment project for young people		 10,815
10,815
25,415
25,415
25,415
25,415
123,290

The Sucden Financial Community Fund

Purpose: Supporting initiatives that respond to some of the pressing challenges faced by the most vulnerable

Woman’s Trust
Counselling service for women
Social action for health
Cancer support service
Neighbours in Poplar
Community projects for older residents
Newham All Star Sports Academy (NASSA
Community projects for young people
Canary Wharf Group
Purpose: Supporting initiatives that have the greatest impact for residents most in need in Tower
Hamlets
Circus for Survivors
Wellbeing activities for women
Emmott Close Senior Citizens Club
Community projects for older residents
Society Links Tower Hamlets
Homework club		 28
10,000
10,000
10,000
10,000
40,000
7,640
3,000
4,000

East End Community Foundation

Notes to the financial statements (continued)

For the year ended 31 March 2025

Docklands Sailing Centre Trust Water sports for young people with disabilities 2,000
Tower Hamlets Schools Library Service Tower Hamlets book awards 5,000
It's Your Life Education support for young people 4,000
Beyond the Bias Skills and employment project for young people 7,000
Speech, language and communication
Half Moon Young People's Theatre workshops for children 3,500
St Luke's Mission Initiative Music sessions for babies and toddlers 2,500
Public Works Health and wellbeing workshops for residents] 8,260
A Team Arts Education Art and design residential for young people 7,000
Health and wellbeing walking group and
Bangladeshi Mental Health Forum workshops 4,000
Limehouse Town Hall Consortium Trust Exercise classes for residents 4,000
Stifford Centre Skills and employment project for residents 7,000
Sport Inspired Sports clubs for young people 3,200
Sketch Appeal Weekly Art Club 2,500
St Hilda's East Wellbeing activities for women 4,000
Spitalfields Music Music workshops for children 5,000
Fern Street Family Centre English for Speakers of Other Languages 5,000
Knock The Door Down Skills and employment project for residents 7,765
Streets of Growth Education support for young people 7,000
The Shadwell Community Project Workshops and outdoor activities for children 4,000
Ocean Regeneration Trust Youth club 4,000
Dorset Community Association Homework club 7,000
Tower Hamlets Education Booster Homework club 5,000
Maya Productions Ltd Theatre workshops for children 5,000
Bags of Taste Food and nutrition 5,000
The Mason Foundation Activities for young people with autism 5,000
Bethnal Green Spear Trust Skills and employment project for young people 5,000
Thames Bengali Association Life skills workshops for young people 4,950
Nour Domestic Violence Charity Counselling service for women 9,965
Women's Environmental Network Bengali fruit and veg festival 2,500
Clean Slate Training & Employment Employment workshops 5,562
Newark Youth London Skills and employment project for young people 8,000
Muay Thai workshops for children and young
Radojunkie people 1,800
WeJam Foundation Music workshops for children 4,500
Canaan Project Community project for girls 5,000
Community project for LGBTQ+ and migrant
Micro Rainbow International Foundation communities 5,000
YOH Skills and employment project for young people 8,360
Engage Here Art workshops for men 2,500
Stepney City Farm Community Engagement Programme 5,000
Cycling for women from global majority
Tower Hamlets Cycling Club communities 2,000

29

East End Community Foundation

Notes to the financial statements (continued)

For the year ended 31 March 2025

Mindful Photo Lab CIC
Community photography workshops
London Borough of Tower Hamlets
Mayors Cup Football Tournament 2024
Skillspool Training CIC
IT workshops for people with long term health
conditions
Stonewall Housing Charitable Foundation
Community project for LGBTQ+ community
George Green's School
Workshops and gardening activities for children
Chisenhale Gallery
Film making workshops for young people at risk
of school exclusion
The Girls' Network
Mentoring programme for girls
Phoenix School
Community garden
LBTH Learning Advisory Service
Sports clubs for young people with disabilities
Account3
Skills and employment project for women
Head Held High
Workshops for vulnerable young people
London Borough of Tower Hamlets
Bangla Drama festival
Beyond the Streets
Community activities for women
Island Advice Centre
Volunteer training programme
East London Children's Choir
Music workshops for children
The Centre for Theology and Community
Provision of warm spaces in winter
SPLASH play
Play club for young people
Mudchute Association
Education programme
Purple Moon Drama
Theatre workshops for children
Well Grounded Jobs CIC
Skills and employment project for residents
Limehouse Laces Girls Football Club
Football club for girls		 3,659
3,000
3,200
2,000
3,820
5,000
5,000
5,239
1,450
5,000
9,630
3,000
4,500
4,000
2,000
4,000
5,000
8,000
5,000
5,000
4,000
300,000

SWEF Grants For Young Entrepreneurs

Purpose: Supporting young entrepreneurs through start up and business development grants

SWEF Grants For Young Entrepreneurs
Purpose: Supporting young entrepreneurs through start up and business development grants
Biotational
Business startup and development
Speaking Voices
Business startup and development
Synappro
Business startup and development
Petitengineer Ltd
Business startup and development
Madeleine Daisy
Business startup and development
Scrub and Go ltd
Business startup and development
SATOSHY MUSIC LTD
Business startup and development
MOMS BY MACALINO SALKINI
Business startup and development
Grants cancelled or returned
Total grants awarded		 500
480
500
500
1000
800
1,300
1,500
6,580
(740)
1,273,217

30

East End Community Foundation

Notes to the financial statements (continued)

For the year ended 31 March 2025

7. Net (expenditure)/income for the year

This is stated after charging:

2025 2024
£ £
Depreciation 3,042 3,102
Auditors' remuneration:
Audit 14,200 13,920

8. Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel Staff costs were as follows:

Salaries and wages
Social security costs
Employer’s contribution to auto enrolment pension schemes		 2025
£
398,413
34,965
20,854
454,232		 2024
£
458,868
41,218
24,353
524,439

The following number of employees received employee benefits (excluding employer pension costs) during the year between:

2025 2024
No. No.
£60,000 - £70,000 - -
£80,001 - £90,000 1 1

The total employee benefits including pension contributions of the key management personnel were £209,565 (2024: £246,879). The key management personnel comprise 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 (2024: £nil). No charity trustee received payment for professional or other services supplied to the charity (2024: £nil).

Trustees did not claim reimbursement of expenses during the year (2024: £nil)

31

East End Community Foundation

Notes to the financial statements (continued)

For the year ended 31 March 2025

9. Staff numbers

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

Raising funds
Grant Making
Other Charitable Activities
Governance
Support		 2025
No.
1.5
3.5
2.0
0.7
2.5
10.2		 2024
No.
2.8
3.0
2.0
0.6
4.0
12.4

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, with the exception of a £2,500 donation from Northern Trust, which was paid on 10 June 2024. For the purposes of this table, EECF membership fees have not been treated as donations.

Donation value

2025 2024
£ £
Babu Bhattacharjee – Poplar HARCA* 120,000 120,000
Bronek Masojada – Masojada Family Trust 12,000 12,000
Laurence Everitt - Northern Trust 25,000 27,100
Rick Watson - AFME 6,500 5,713

A number of trustees also made personal donations directly to the charity totalling £5,636 (2024: £2,605).

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 process in 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).

Grant award value

2025 2024
£ £
Alkhad Ali – SPLASH 25,000 21,770
Babu Bhattacharjee – Poplar HARCA 31,800 30,900
Jeremy Fraser – Aston Mansfield - 9,659
Sahidur Rahman – Limehouse Boxing
Academy		 15,000 -

11. Taxation

32

East End Community Foundation

Notes to the financial statements (continued)

For the year ended 31 March 2025

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

12. Fixed assets

Tangible fixed assets
Cost
At the start of the year
Additions in year
At the end of the year
Depreciation
At the start of the year
Charge for the year
At the end of the year
Net book value
At the end of the year
At the start of the year
Intangible fixed assets
Cost
At the start of the year
Additions
At the end of the year
Amortisation
At the start of the year
At the end of the year
Net book value
At the end of the year
At the start of the year		 Computer
Equipment
£
22,698
4,304
27,002
18,402
2,817
21,219
5,783
4,296		 Office Equipment
£
1,148
969
2,117
1,148
225
1,373
744
-		 Total
£
23,846
5,273
29,119
19,550
3,042
22,592
6,527
4,296
Software
16,607
6,000
22,607
-
-
22,607
16,607

All of the above assets are used for charitable purposes.

13. Listed investments

Market value at the start of the year

2025 2024 £ £ 28,303,906 25,630,547 33

East End Community Foundation

Notes to the financial statements (continued)

For the year ended 31 March 2025

Additions at cost
Disposal proceeds
Gains and losses on revaluation and disposals
Market value at the end of the year		 366,349
(1,189,796)
(1,105,735)
26,374,724		 10,548,159
(10,489,879)
2,615,079
28,303,906

During the year, EECF changed investment managers resulting in a portfolio of investments being sold and the funds then reinvested with the new manager.

13a. Analysis of investments

Overseas Equities
UK Equities
Fixed Income
Infrastructure & Operating
Property
Other
Total		 2025
£
17,073,698
1,995,661
2,669,643
1,718,456
1,139,533
1,777,733
26,374,724		 2024
18,824,304
1,388,025
2,702,109
1,715,259
1,179,352
2,494,857
28,303,906
14.
Debtors
Trade debtors
Prepayment and other debtors
Accrued income
15.
Creditors: amounts falling due within one year
Grants payable
Trade and other creditors
Deferred Income
Taxation and social security
Accruals
Cash held on behalf of third parties		 2025
£
133,400
8,914
121,714		 2024
£
42,314
15,070
134,163
264,028 191,547
2025
£
130,060
10,112
431,690
10,223
17,500
8,080
607,665		 2024
£
124,195
8,930
340,000
10,367
19,148
9,006
511,646

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.

Movements on deferred income during the year were as follows:

2025 2024 £

34

East End Community Foundation

Notes to the financial statements (continued)

For the year ended 31 March 2025

Balance brought forward as at 1 April
Amount released to income in the financial year
Amounts received and deferred to future periods.
Balance carried forward to next financial year		 340,000
66,370
(340,000)
(66,370)
431,690
340,000
431,690
340,000

16. Pension scheme

EECF operates an Auto Enrolment Pension Plan from 1 May 2018 staging date, which benefits all members of staff. EECF total contribution to the scheme during the year, of £20,854 (2024: £24,353).

17. Analysis of net assets between funds

2025
Tangible fixed assets
Intangible fixed assets
Investments
Net current assets
Net assets at the end of the
year
2024
Tangible fixed assets
Intangible fixed assets
Investments
Net current assets
Net assets at the end of the
year		 General
unrestricted
£
6,527
22,607
6,104,651
340,131
6,473,916
General
unrestricted
£
4,296
16,607
6,515,494
196,126
6,732,523		 Restricted
£
-
-
5,018,568
-
5,018,568
Restricted
£
-
-
3,438,884
-
3,438,884		 Endowment
Total funds
£
£
-
6,527
-
22,607
20,100,780
31,223,999
-
340,131
20,100,780
31,593,264
Endowment
Total funds
£
£
-
4,296
-
16,607
21,654,778
31,609,156
-
196,126
21,654,778
31,826,185

35

East End Community Foundation

Notes to the financial statements (continued)

For the year ended 31 March 2025

18.

**18. **
Unrestricted Funds:
Designated Funds:
Endowment
Building incentive
General Funds
Ropemakers Fund
Stoneyard Lane
Unrestricted fund
Total unrestricted
funds
Restricted Funds:
Millwall Park
Grassroots City
Evening Standard
Dispossessed
Elders Fund
Peter Wade
Memorial Fund
Linklaters Fund
20 Fenchurch Street
EECF Sponsorship
Fund
Bags of Taste
S106 Grant making
EECF Hackney
EECF Newham
EECF Tower
Hamlets
EECF Charity
Commission Funds
Grant making:
Societe Generale
Fund for Tower
Hamlets
Fund for Hackney		 At the
start of
the year
£
1,135,037
1,135,037
454,462
134,474
5,008,550
5,597,486
6,732,523
136,304
4,960
15,275
48,192
9,366
2,259
1,904
2,700
1
709,337
-
-
-
-
-
63,368
66,320		 Income
£
-
-
9,022
27,236
663,901		 Expenditure
£
-
-
-
-
(624,737)
(624,737)
(624,737)
-
-
-
-
-
-
-
-
4,000
-
-
-
-
-
(123,290)
-
-		 Gains/(losses)
£
-
-
(15,456)
-
(322,770)
(338,226)
(338,226)
-
-
-
-
-
-
-
-
-
-
-
-
-
(5,314)
-
-
-		 Transfers
£
(3,279)
(3,279)
-
-
7,476
7,476
4,197
(40,000)
-
-
(48,192)
-
-
(1,904)
-
-
-
410,616
386,251
392,930
-
(13,000)
-
-		 At the
end of
the year
£
1,131,758
1,131,758
448,028
161,710
4,732,420
700,159 5,342,158
700,159 6,473,916
20,397
605
7,761
7,939
1,293
2,284
978
-
2,457
35,249
4,298
4,112
4,043
363,659
132,506
59,949
62,661		 116,701
5,565
23,036
7,939
10,659
4,543
978
2,700
6,458
744,586
414,914
390,363
396,973
358,345
(3,784)
123,317
128,981

36

East End Community Foundation

Notes to the financial statements (continued)

For the year ended 31 March 2025

Isle of Dogs Grants
Chest 110,093 108,880 (100,847) - 44,063 162,189
Fund for Newham 55,325 52,130 - - - 107,455
London Dock
Community Fund 27,000 - (27,000) - - -
Philanthropy Club
Grant making 58,206 4,066 - - - 62,272
Vital Grants 75,303 - - - - 75,303
Millwall Capital
Project 100,000 - - - - 100,000
Marshall Bailey
Fund 2,131 - (2,000) - (131) -
LBTH Small Grants
Fund 14,255 (4,108) - - (10,147) -
Life Chances 1,745,999 662,084 (650,621) - (182,876) 1,574,586
LBTH Community
Languages Fund 3,000 (3,000) - - - -
Housing Association
Consortium 6,860 11,200 - - 8,140 26,200

37

East End Community Foundation

Notes to the financial statements (continued)

For the year ended 31 March 2025

Grant Making
(continued)
Haggerston
Estate
Community Fund
Sucden Financial
Community Fund
Birketts Fund
CWG Community
Grants
Programme
Poplar Harca
Fund
SWEF Fund
In House
Projects
Island Exchange
50+ Forum
(formerly
Docklands 50+)
General
St Matthias
Church
Total restricted
funds
Endowment
funds
Education &
Training
Employment and
Training (THTF)
Millwall Park
Stoneyard Lane
Leisure
Main
endowment fund
LDDC
Community
Grants
Grassroots
Tower Hamlets
Grassroots
Newham
Grassroots
Hackney
Grassroots City
Evening
Standard
Dispossessed		 38
At the start
of the year
Income
Expenditure
Gains/(losses)
Transfers
At the end
of the year
7,743
40,000
(36,000)
-
(4,000)
7,743
33,531
22,910
(40,000)
-
(853)
15,588
245
20,974
-
-
-
21,219
-
338,000
(300,000)
-
(38,000)
-
19,059
120,000
(110,000)
-
(13,850)
15,209
-
11,250
(6,580)
-
(1,250)
3,420
10,140
-
-
-
(9,000)
1,140
30,118
-
-
-
-
30,118
-
79,889
3,963
-
-
-
83,852
3,438,883
2,098,540
(1,392,338)
(5,314)
878,797
5,018,568
1,517,589
-
-
(70,708)
-
1,446,881
191,564
-
-
(8,925)
-
182,639
749,986
-
-
(34,943)
-
715,043
1,019,330
500
-
(47,516)
(500)
971,814
4,696,404
-
-
120
-
4,696,524
2,485,800
-
-
(115,819)
-
2,369,981
471,283
-
-
(21,958)
-
449,325
390,896
-
-
(18,212)
-
372,684
321,128
-
-
(14,962)
-
306,166
22,251
-
-
(1,036)
-
21,215
285,352
-
-
(13,296)
-
272,056

East End Community Foundation

Notes to the financial statements (continued)

For the year ended 31 March 2025

Linklaters
Elders
Endowment
Peter Wade
Memorial
20 Fenchurch
Street Legacy
Fund
EECF Hackney
EECF Tower
Hamlets
EECF Newham
Philanthropy
Club/East End
Giving
Birketts
Total
endowment
Funds
Total funds		 131,573
457,300
74,462
35,966
3,363,911
2,661,300
2,632,716
72,597
73,371
21,654,779
31,826,185		 1,294
4,498
732
-
28,951
22,218
22,004
-
10,993
91,190		 -
-
-
-
-
-
-
-
-
-
(2,017,075)		 (6,130)
(21,307)
(3,469)
(1,676)
(146,965)
(114,649)
(113,475)
(3,382)
(3,887)
(762,195)
(1,105,735)		 (1,294)
(4,498)
(732)
1,904
(439,567)
(415,147)
(22,004)
-
(1,156)
(882,994)
-		 125,443
435,993
70,993
36,194
2,806,330
2,153,722
2,519,241
69,215
79,321
20,100,780
2,889,889
31,593,264

Purpose of unrestricted funds

Designated Fund

Endowment Building Incentive. funds set aside by the trustees to build new endowment funds and match funds donated from outside organisations for endowments.

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.

Fund for Tower Hamlets. Income from the Employment & Training and Grassroots Tower Hamlets endowments.

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

Fund for Newham. Income from EECF’s Community First and Grassroots Newham endowments for this fund.

Philanthropy Club/East End Giving. 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).

Poplar HARCA Fund. 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, as directed by the donor.

39

East End Community Foundation

Notes to the financial statements (continued)

For the year ended 31 March 2025

Evening Standard Dispossessed Fund is changeable and directed by The Evening Standard.

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.

Birketts Fund. Established by Birketts LLP in 2022, this is a donor-advised endowed fund to address the philanthropic priorities of the firm’s London office

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 Tower Hamlets Council 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.

Marshall Bailey Fund. This fund is to be used for the alleviation of poverty.

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

Housing Association Consortium . Projects providing support residents within and around social housing estates in Tower Hamlets

Sucden Financial Community Fund . To support grassroots organisations addressing financial literacy, IT skills, energy poverty and food poverty

Canary Wharf Group . Supporting initiatives that have the greatest impact for residents most in need in Tower Hamlets

SWEF Grants For Young Entrepreneurs . Supporting young entrepreneurs through start up and business development grant

Grant Making – Funds set aside by the trustees to top up the grant making funds

Bags of Taste. To support initiatives within Bags of Taste

EECF Charity Commission Funds. To secure the release of dormant charitable funds specific to EECF’s area of benefit

40

East End Community Foundation

Notes to the financial statements (continued)

For the year ended 31 March 2025

Haggesterston Estate Community Fund. Projects providing support to residents within/around the Haggerston and Kingsland Estate

Island Exchange. Supporting community provision on the Isle of Dogs

50+ Forum . To Support 50+

St Matthias Church. To support the community in Neighbours and Poplar

Purpose of Endowment Funds

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

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

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

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

41

East End Community Foundation

Notes to the financial statements (continued)

For the year ended 31 March 2025

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

Stoneyard Lane Leisure. To support charitable work connected to Stoneyard Lane

42

East End Community Foundation

Notes to the financial statements (continued)

For the year ended 31 March 2025

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

Net income / (expenditure) for the reporting period
(as per the statement of financial activities)
Losses/(gains) on investments
Depreciation
Dividends and interest from investments
(Loss)/profit on the sale of fixed assets
(Increase) in debtors
Increase in creditors
Net cash used in / provided by operating activities		 2025
£
(232,921)
1,105,735
3,042
(1,121,792)
-
(72,481)
96,019
(222,398)		 2024
£
2,750,945
(2,615,079)
3,102
(965,421)
-
(15,744)
58,561
(783,636)

20. Analysis of cash and cash equivalents

Cash in hand
Cash held in investment accounts
Total cash and cash equivalents		 At
1 April 2024
£
516,225
3,305,250
3,821,475		 Cash flows
£
167,543
1,544,025
1,711,568		 Other
changes
£
-
-
-		 At
31 March 2025
£
683,768
4,849,275
5,533,043

21. 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.

22. 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 in early 2022 which led to significant interest from reputable property developers. A preferred development partner was identified and Head of Terms signed. EECF put contract negotiations on hold in July 2024 after receiving a revised financial offer that it deemed unsuitable. EECF will review its position during 2025. When a contract is signed and planning permission is secured, the value of the site will be clear and the asset will be brought on to the balance sheet.

43