ST. HILDA'S EAST TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Company No: 00052880 Charity No: 212208 ST. HILDA'S EAST CONTENTS OF THE FINANCIAL STATEMENTS Page Number Trustees, Report Auditor's Report 10-12 Slatement of Financial Activities 13 Balance Sheet 14 statement of cash flows 15 Notes to the Financial Statements 16-30 ST. HILDA'S EAST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2021 The trustees who are also dlrectors of the charity for the purposes C¢f the Companie5 Act 2006, present Ihelr report with the financlal slalemenls of the charity for the yeay ended 31 March 2021. The trustees have adopled the provislons ol Charities Act 2011, the Companie5 Acl 2006, the Memorandum and Articles of Association, and Accounting and Report1ng by Charities.. Stat8menl of Recommended Practl¢e applicable lo charities preparlng thelr finan¢ial slalemenl8 in accordance with the Finanda1 Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I January 2019}. OUR PURPOSE AND ACTIVITIES The company's oblecllve and principal activities are., The Relief of Need, whlch arises as a result of poverty, age, disabllity or Illness., The advancement of Edu¢alion-, The provision of Re¢reallon & Leisure.. In the Interests of the soclal welfare of the inhabilanls of the London Borough of Tower Hamlets and surrgunding. areas in particular. but not exduslvely, of the Weavers Ward and in order lo improve the condillons of life for those In need of such Facilities. The main obleclives and a¢livilles for the year continued lo focus on Implementslion of these objectives, through a combinallon of community projects and community based social care services. However, due to the unexpected COVID pandemic and ils significant impact in the Flnancial Year 2020 2021, an alternative approach to Servi¢e Delivery was required. The stralegles employed by the charlty lo aGh6eve thi5 dL¢rln9 the year included the followlng.. Changing Project Delivery from 'Face lo Face, inleracllons to a Yirtual, Model uslng technDlogy 8uch as Zoom, Teams. Emails and phone calls Ensurlng that benpfi¢iartes, partIcul￿lY the elderty and vulnerable, were not socially Isolated, with a focus on Ihelr physlcal and mental wellbelng Dellvery of Food parcels to thosp in need and unable to access shopplng servlces Provision of COVID seoure Facilities at Club Row and Sonali Gardens for Key Worker Staff, who continued to deliver services, and use of the Furlough Scheme when normal Project Delivery was not possib The rol& and contrlbullon of voluntegrs During the year a total of 83 volunle8rs helped support the work ol the pald staff In Project Delivery. Achiev•ment8 and Performance st Hilda's East has succes$fvlly worked towards meeting ils charllable objects during the last year, although the COVID Pondemio has altered our ways of working and we slreamlin8d our operations by focusing on 3 key Thematic areas l.e., Children & Young People, CommunilylAdulls, and inlegraling our Older People's Service.. ST. HILDA'S EAST TRUSTEES, REPORT {ConUd) FOR THE YEAR ENDED 31 MARCH 2021 Chlldran & Young Pèoplo: Sl Hilda's Youth Projects adapted th8 model of delivèry to contlnue working with young people aged 13-19 In 8 Virtual space and provlding outreach support in person wllh the continued aims of developing life skills, widening horlzons and raising aspirations in a safe and welcomlng enwronmenl lo young people throughout Tower Hamlets. Following a service review, we successfully rfrcrulled a Rank Foundation Time 2 Shine Project leader who ha$ taken forward the development of the Children and Youth se￿iCe reseaèch project with a view to co-designing services and wo¥klng in partnership. Sl HSlda's Unity Girls Project Continued lo provtde a focal point for glrls and young women aged 1 fv19, providing those who use h with a chance lo tske parl in aclivilies. Sl Hilda's East conlSnued to run the Surjamuki project 8imed al young peoplewilh dlsabilitles age 11 10 24 livin9 throughout the Tow8r Hamlets area via an outreach model. Suriamuki'5 edlfcallonal and recreallonal opportunities are based on the principles Of Every Chlld Matters framework and Hear by Rlghl, promoting involvement, independence and posllive learning of young people. Sl Hllda's Under 5's Project ran a vital slay and play service which was open lo the local communlty via a booking system lo provide much needed and welcomed support lor parents and carers. Sl Hilda's also played a key role in Chlldren's Centre dellvery in the northwest area of Tower Hamlets bDrough, provlding a 8etting for Tower Hamlet8 Council ¢ommls5ioned Active Play sessions within our community ¢enlre premises. CoTnmunltylAdults'. Sl Hllda's East enabled people living In the local community lo a¢cess welfare benefts and legal rlghts through ' CL)mbinalion ol its community centre Advice Serwce and evening Legal Advlee Clinics. With the limited resources of onè part lime Advice Worker and one se8$i0nal advisor the community centre Advice SeNice delivered a very hlgh level of advice lo members ol the local community, helping many lo Impiove their quallly of life and move out of poverty. DUE to the coronavlrus pandemio, we adapted our service to continue providing advice by telephone, with the gc¢asional face to face Interv1ew being condLb¢led when permllled by law and in-beiween lo¢kdowlls and government restrictions. The servlce continued lo provide appointments and drop.ln sessions on Thursdays, which are ctsnsislenlly very busy. Over the last 202012021 year 101 clients used the servi￿. 343 advice appointments look place, during whlch over 367 hour5 of face lo face and telephone advice was provided on a range ol issues. Of these appointments 271 involved welfaré ri9hls matter8, 31 debt and 15 hDLEsing. £81,359 was ralsed in new benefits belng awarded to clients and £34,726 in backdated benefits. Thls work has ha¢J a massive impact on the quality of life for Individu31s and families trying to make ends moet, In some cases enabling Ihem lo move out of poverty. The feedbad( from users was vety positive wlth no formal complalnls received, The Service operates ¥Mlh limSted resources and signposting Is used when approprlale. An annual sample survey of clients has been carried out with 20 people taking part. A partnership with national law firtlls based in the City enabled Sl Hilda'8 lo run free drop-ln evenlng Legal Advice Clinics for the community. Advbce was provlded by volunteer law firm Staff lo members of the public on a pro bono basis. During 202012021, 282 drop-in and pre-booked appolnlments took place al our two weekly Legal Advice Clinics held in the Belhnal Green and Shadwell areas of Tower Hamlets. The legal clinic was able to provide 18llored advice lo a total of 342 cllenl8. These included advlce enquiries on 126 houslng matters, 53 employment issues, 57 on welfare benefits, and 44 consumer concerns, as wpll as a wide range of other sublecls. Run in partn&rship with Macfarlanes LLP and 8PP Law School, the Clinic has made an enormous difference lo many lives 8lnce being launched in November 2017. The value of pro bono advice given through Sl Hllda's two Legal Advice Cllnlcs durlng the year amounted lo £624,789.50 indicatlng the immense conlribulSon made by our law firm partners. The Boundary Women's Project Team declded lo change strategy and locus on weilbeing due lo the Coronaviriis Pandemic. The Project Worker maintained conlacl vla phone lo continue discussions around desired actlvi118s. As result, we ware able lo dellvèr regular weekly aclivilles on Zoom. Thi8 included a Beginners Baslc IT course to bulld their skills base.. a 'Connecllng during Covld, discusslon group to be able lo generally talk through issues women were facing focLÈsing on emolional wellbeing, as well 89 to continue with idea development,. and women's yoga. In some case8, particularly with the pivot to online, this highlighted further ineq4Jallites whlch presented new challenges. The benefi¢taries dié not possess adequate devices particularly as they were home schooling or have the necessary data allowance. On the posS1Sve slde they continued engaglng on the telephone and we saw an influx of new women jolning the activitles, from further afield and not limited to our locality. We worked In partnership wllh MIND, particularly as we saw a slgnlficanl decline In mental heallh needs, with increased in¢ldenls of stress, anxlely, depression as well as loneliness. soc181 exclusion and isolation. As a result. we were able to provlde more mental and emolional wellbeing support for women. We al8LTr worked In tandem ¥Mlh Sl. Hllda's Advice 8ervlce, Toynbee Hall. Quaker Sodal Action, Praxis lo provide a8sisiance around Income Issues and helplng those wilh no iecourse lo public funds. Despite all the Challenges and being unable lo follow planned dellvery, we were able to adapt and 8ucoessfully sallsfy some of the outcomes. ST. HILDA'S EAST TRUSTEES, REPORT (Contld) FOR THE YEAR ENDED 31 MARCH 2021 The City Brldge Trust supported Community Food and Advice Project provided fresh and affordable fruit and vegetable5 lo the local community through ils Food Cothop durlng 202012021. An average of 90 poople used this facility each week, Run wilh the involvement of volunteers, the project is an Insplring example of so¢i81 coheslon, a popular 'hub' brlnglng together people from Surrounding area. In response lo the COVID-19 pandemio, a Food 'Shop and Drop. was eslabllshed Delivery of Food parcels lo those in need and unable to Bcceys shopping servlces. Older Pgople,. st Hilda's East ensured that beneficiaries. partScularly the elderly and vulnerable, were not socially isolated, with a focus on their physical and mental wellbeing durlng the coronavlrus pandemi¢ and continued lo provide a wlde range tsf care support swvices as part ol an Inl&graled model al Sonall Gardens acting as a Communlly Support Hub both locally and borough wide a¢rog8 Tower Hamlets. These combln8d services made a 81gnificanl difference lo the lives of people in the communty, notably older people and other adults expgrienGYng Isolation during COVID. In partnership with the London Borough of Ttsw8r Hamlets Tackling Pf)verty Team and Tower Hamlets Home5, the Lunth Club and Link Age Plus project teams worked together successfully lo establish the service provlding more than 4,000 meals lo 300+ b6neficiaries., health and wellbelng activities, 8 befriendlng service and our Sonali Gardens Day Centro plvoled to an outreach and beffiending service for up to 40 service users each weekday. Ngw buslngss plan and stratègy.. Sl Hilda's East was able to develop Sls Buslness Model, wlth a new Director In place, focused on rebuilLling our Rèserves by athieving a Budget'surplus. position that would also allow the Charity lo invest in ils Fa¢ililies and Staff in future years, if successful, lo beller meet the needs ol the local community. Supported by consultancy work In Funding i.e. Charity Fundralslng, and Marketing l.e. Ingenious Group, using the 3-year Strategy, as a startin9 polnl, Sl Hilda's has undertaken a 'Why7' Programme and Needs Analysis that will determine the direction of travel, focus and activities that the Charlly will provide In the comlng years, with the right 8mount of resource and staffing allocated lo achieve it, The Staffing Stru¢luie has been streamlined lo include a Deputy Direolor, as well as a Head of Funding, with plans lo engage a Head of Pfogiamme Development to ensure key areas of the r)rganisalitsn are functioning effectively. wth a suitable Management slruclure in place, whilst we prepare the Charty for growth and development. Public bpnofit statem•nt In shaping our objecliveg for the year and plannlng our aclivltles, the trustees have consldered the Ch8rily Commission's guidance on public benefit. Including the guidance 'public benefit.. runnlng a charity IPD21. The achlevemenls and activities above demon81rale the public benelt arlsirvJ through the Charily's aclivilles. FINANCIAL REVIEW The statement of Financial Activities showed a nel surplus for the year of £101,736 12020 - nel deficit £65.4881 and lot81 reserves sland al £2,053,06312020- £1,951,327). This includes the botrk value of the Community Centre property and the capitalisation of granly lor the premlses and vehicles. Sl. Hllda's East endeavours lo run a balanced budget, with a prolacted Surplu5, in dellvering the various a¢lSvllles arrled out al the communlty centre. The principal funding sources are shown under notes 2 and 3 and comprise a mlx of 8lalulory funding, grants from charitable trusts and CL)rnmercial organisations. The charity 8180 raises funds through a number of sponsored inilialives, Rlsk management The Dlrectorstfruslees have Identified the major rlsks lo which the Charity 18 exposed, whlch are cunlalned in th& Risk Reglsler, and believe that the systems in place are adequate to mitigate those rlsks. The Charlly's Organisallonal Risk Assessment has been regularly reviewed and is a standing Item on the maln Board Agenda. The charity makes lilllo use of financial Instruments other than an operallonai bank account and an Investment In a common investment fund so 118 exposure lo prlce risk, credll risk, liquidity risk and cash flow rlsk is not materlal for the 8sse55rnent of the a98el8, liabillll&s, financlal position and profit or loss ol the ¢harily. ST. HILDA'S EAST TRUSTEES, REPORT {ConVd) FOR THE YEAR ENDED 31 MARCH 2021 Princlpal fundlng souyc The charlly aims lo dpvelop a diverse fundlng base for ils acllvllle8, Whlle the London Borough of Tower Hamlets Temalns ils largest source of fundin9.due to a number of contracts and Service Agreements, Sl. Hilda's East Continues lo atlr8cI funding for its varlous projects from a wide range of other sources- charitable trusts, Ilvary companies. private companies, donations and th6 communlty ¢enlre'$ own income generating activilles. Investment powers and policy Under the Memorandum and Articles of Assoclation, the charity has the power ID Invest In any way the Trustees gee fil. 11 endeavours to maxlmlse inlere8t income from use of free financial reserves. Reservo$ poIIcy The DlrectOTS and Trusle&s consider il prL¢d&nl lo malnlain an adequate level of unrestricted reserves lo cover the community cenlre's contractual commitments and provlde suffl¢lent working capital and have set this al a minimum of between three and six months expenditure. As al the year end, finan¢lal 8tatemenls showed reserves of £2,053,063 {2020 - £t,951,3271, of which £1.366,373 12020 - £1,415,086) was reslr(cled. In additior), th8 Trusl6es have 881 aside Deslgnaled Funds tolalllng £218,71512020 - £218,715) for specrfic purposes Including siaff conllngency. bulldlng work and maintenance. The unre8lriGled funds not designated or invested in tangible fixed assets held by the char¢ly are £429,78812020- £267,052). FUTURE PLANS AND DEVELOPMENTS Sl Hilda's East will conllnue lo deliver Projects, in line with 115 charitable objectives, however, with a new Director in place, and based on the recommendations of the CAF Report and 3-year Strategy, the OTganisation will contlnue lo develop and transform ils $6rvlces lo meet the needs of the local community, and provide a 51rong. stsble and sustainable organisalion. A Strategic Framework will be developed fr>r Ihe organlsallon lo complement the 3 year Strategy and capture the essential elements of the Ch8rily and provide an overview ol the Msion, MissSon and Values, Strategic Objeolives, Operational Action Plans including monitoring and reporting, so that Trustees, SLT, MT and Stsff have a clear understanding of the direction and focus of Sl Hllda's and are working together. A Strategic Action Plan wlll be orealed lo ensure that 51ralegy is translated Into action and ca5eaded to all levels of the tyrganisalion, with a focus on development in key area8 i.e. Governance, Partnerships, Facilities, Marketlng, Funding. Impact Framework, as well as reshaping Project Delivery so that il meets the needs of the local community in Tower Hamlets. These actions will be supported by improvements in 8yslems anij processes in the back Off1￿ functions i.e. Flnance, HR. Admin and IT, Including a new CRM system e.g. Sale8force and Funding Database e.g. Donorfy, so that Information and documentation is COEnmunicaled, handled and stored ￿rreCtlY and Is easily accessible to staff. Additionally, Working Groups wlll be setup in each key area listed above, brlnglng together people with the right skllls, knowledge and experience lo input and advise on development. Funding and Marketing are two key 8tralegio areas for developmenl al Sl Hllda's and as such the Chaiily has engaged with two excellent Consull8n¢ies i.e. Ingeniou5 Group (Marketing) and Charlty Fundraising (Funding) lo support the growth in these areas. bring in th& reguisile skills, knowledge and expertise lo the organlsalion, Fe5ulling In a full Markellng & Communications Strategy, Fundlng Strategy, and Facility Optlons Appralsal, as well as an overall Business Plan. A Project Revlew has taken place, which assessed the purwse and quality of C￿r￿n1 Sl Hllda's Proje¢t Delivery and provides th& foundatlo>n for future Project Development. based on the N¢eds Analysis, 'Why' Programme and Map & Survey of Tower H8mle18. A co-prtrdu¢tlon approach will be used. $0 that the Services and Provislon that Sl Hilda's 1$ dellvering lo the communlly is evld&nced, up to dale and of the right qualrty. This wtll be supporled by the development and implemenlallon ol an Impad Framework lo ensure Ihal Sl Hilda's Is capturing the right data, mea51Jring its Project outputs & ovlcomes, is focustsd on the right KPIS and, hence, is in a position to assess its Impoct on the community, adjust Ils Proje¢ls and Programmes, a￿ordInglY, and continue to support ils btsnefi'ciaries in the coming years. ST. HILDA'S EAST TRUSTEES, REPORT (Conudl FOR THE YEAR ENDED 31 MARCH 2021 Asset Development of the club Row facility 15 an impcirtanl focus for St Hilda's, so that il is a fil for PUTpose, modem and engaging workplace for Staff Members snd Tenants, whilst also provlding activity space for Project Delivery. Casual Lellings and Ad Hoc rnetslings. The alm is lo provide 8 vibrant Community Hub, which serve5 the needs of the local ¢ommunily, and other third 8ector organisalions, whilst generating sustainable revenue. Phase 1 Development Is underway l.e. new Paint, Carpels. and Repairs throughout the Faclllly, which will be followed by a potential Phase 2 Re. design, based on the findings of the 'Why' Programme and Needs AnalyBS8, so that the space within the building Is opllmised and fil for purpose to deliver St Hllda's mission. Resources will be allocated, efficiently and effectively, lo meet the strategic priorllie8 of the Charlly, as outlined above, and the Staff Slruclure will be 8haped SD that il is streamlined, efficlenl and fit for purpose, wlth a Senior Leadership Team, reporting through to the 808rd, and a Management Team, overseeing operations. Charltablè and pollilcal donatlons During the year the company made no polilieal or charllable dOna￿on$. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document Sl. Hilda'8 East is a ￿fflpanY limited by guarantee and not havlng a capital divided by shares. The company was In￿rporated on 5th June 1897 and is a regislefftd charity consliluted as a Llmitèd Company under the Memorandum and Articles of As50cialion. The charlty registration number 1$ 212208 and the ct)mpany règiglralic number is 00052880. Trusteo Inductlon and tralnlng The Trustees malnlaln a Worklng knowledge of charilylcompany law atKI best pracllce by attendance al charity and company ¢ourses run internally andlor by outside providers. New Trustees are given copies of the Memorandum and Articles of As8oclation, Policies and Procedures of the organisallon, with Iheir duties and responslbililies outlined in the Trustee Handbook. Addltlonal key documents are also provlded Including the Risk register, Cycle of Business and Scheme of Delegation. Individual Truslee and Board Oevelopmenl 1$ planned, scheduled and delivered throughout the year. Appolntmont ol trust￿9 As sel out In the Articles of Assoclatlon the Chair of Trustees 18 nomlnated by St. Hllda'8 East Management Board. Membership of the Management Board Is agreed by charity's members, In Ilne with the Artldes of Association and at the Annual General Meeting. A Skllls Audit is carried out to ensLEre that the Board has the right mlx and fit of indlviduals lo carry out ils Governance dulles and when required a rlgorous recruilmenl and selection process is undertaken lo engage members on the Board. The Directors in office in the year are set out Csll page 8. Th8 Dir•ctors havo no benefickql inleresl in the company other than as membeTS and all guarantee lo conlrlbule £1 in the event of a winding up. The Board has the power lo appoint addltlonal Dlrectors and Trustees with speclal expertise as il considers fil. They also have unlimlied investment powers. Organlsatlon The company Is slruclured so that the Dlreclorsifruslees meet regularly In order to manage 118 affairs, with Sl. Hllda's East Management Board meeting every quarter. The Management Board comprise8 Individuals from a variety of backgrounds, 818koholders and users. Board m¢mber5' backgrounds Include care, advSce and legal PFofessions as well as finance 8nd management. A Flnance Working Group is lft place, meeting quarterly, and reportlng In turn lo the Management Board. ST. HILDA'S EAST TRUSTEES, REPORT {Contld) FOR THE YEAR ENDED 31 MARCH 2021 In addition to the main Board and Finance Worf(ing group, advisory Work5ng Groups have a150 been setup focused on Specif￿ functional areas l.e. Governance, Facilities, Fundlng, Marketing, HRIAdminllT allow(ng for development of these areas. A scheme of delegallon is in place, as outlined Iri the Trustee Handbook and day lo day responsibillty for the provision of the charity's servic8s and activllle8 rests wllh the Olrector and a Senior Management Team ISMT), members of which fepart lo the Dire¢lor and Deputy Director. SMT staff have lead responsibillty for Specif￿ areas ol work such as Projects, Funding, Flnance, Admin and Facilities. Related partl•s During the year there were no relat￿ party'lransactions. Pay pollcy for Senlor staff The pay structure for some ¢mployeeg has been based on the nallonally agreed Publlc Sector NJC pay scale wllh other stsff On the London Uvlng Wage. Golng forward. il 18 proposed that Cost of Living increases lo pay scales will be revlewed and awarded annually, by the Finance Wortlng Group, al the end of the Financial Year. based on Context, the Iinancial posilitsn of the ChaTily. level of Reserves and whether il has achleved a Budget Surplus or Deficit position In that year. REFERENCE AND ADMINISTRATIVE DETAILS Company Number,. 00052880 Charlty Numbor. 212208 Dlrectors l Trustees.. Mr D Twomey {Chalrl Ms N Basulhakur ITrea8uror} Ms S J Barry- Resigned 0110612020 Ms R A king- Resigned 1810712020 Mrs J Locker Ms A K5arfeld Miss H Edwards Ms F Rahman Ms M Mccauley Ms B Mobey Mrs M Hadll-Mi¢hael Ms Petr¢na Austen- Appointed 3010312021 Ms Amanda Warwick- Appointed 3010312021 Secretary: Mr R Wnlliams- Reslgned 0610412020 Mr M Band - Appolnled 0610412020 Mr R Williams- Director- Resigned C610412020 Mr M Band - Dlrector- Appointed Q6104r2020 Mr F Ahmed - Deputy Dlreclor. Flnan¢e and Facllilles- Reslgned 3010612020 Mlss Zoe Ecc1es- Oepuly Dire¢lor, Projects and Strategy Mlss Andrea Shortell- Executive Assistant- Reslgned 2810812020 Mr Paul Eyre8 - Head of Fundlng- Appointed 0511012020 Mrs Fatima Begum - Finance Manager Mr Ashraful Hoque- Faallilies & Admln Manager Senlor Manag&mgnt Team: Webslte: www.slhildas.org.uk ST. HILDA'S EAST TRUSTEES, REPORT (Contld) FOR THE YEAR ENDED 31 MARCH 2021 Reglstgred Olfico: 18 Club Row, London E2 7EY SKS Audit LLP. 3 Sheen Road, Richmond Upon Thames. TW9 1AD' National Westmlnster Bank Plc., 180 ShoreditGh High Street, London El 6HN CAF Bank Llmlted, 25 Klngs Hlll Avenue, Kings Hill, West Malling. Kent ME19 4TA The Roy01 Bank of Scotland, 62-63 Threadneedle Street, London EC2R 8LA Lloyds TSB, 25 Gresham Slreot, London EC2V 7HN SGottish Widow8 Bank, 87 Morrison Slroel, Edinburgh EH3 8YJ Audltor$: Bankors: Tru$laes' responslbility ststement The TN81ees {who are also directors of Sl, Hilda's East for the purposes of Company lawl are responsible for preparfng the Annual Report and the financial statements In accordance with applicable law and United Kingdom Accounllng standards (United Kingdom Generally Accepted Accounting Practi￿) Includiro Flnan¢ial R8porting Stsndard 102 The Flnancial Reportlng Standard applicable in the UK and Republic of Ireland Company law requires the Ifuslees lo prepare financjal stalèmenls for each finan¢¢al year which givo a true and falr view ol the slate of affairs of th6 charitable ￿rnPany and of the incoming resources and applicalKsn of resources. induding the income and expenditure for that peTlod. In preparlng these financlal 8talemenls, the trustees are required lo.. select suitable acGountSng policies and then apply them conslstenlly.. observe the methods and prlnciples In the Charitses SORP., make judgements and estimates that are ¥easonable and prudent., stale whether appllcable UK Accountlng Stsndards have been followed. subject lo any maleiial departures dlsclosed and explained in the financial stalemenls,, PTepare the financial statements on the golng concein bas18 unless11 is inapproprlale lo presume th81 the charitable company will conlirtue in business. The trustees are responslble for keeping proper a￿OuntIng records that disclose wilh reasonable accuracy at any lime the financial po¥lllon of the charitable company and enable them to ensure that the financial slalemenls comply with the Companies Act 2006. They are also responsible for safeguardlng the assets of the charitable company and hence for taking reasonable steps frjr the prevention and detection of fraud and other iNegularilies. In so far as the trustees are aware., there is no relevant audit informallon of whlch the charitable company's audllors are unaware,, and the trustees have taken all steps that they ought lo have taken lo make themselves aware of any relevant audit Information and ID eslabllsh that tho auditors are aware of that Information. The Iruslees are responslble for maintenance and inlegrlly of the corporate and financial inlormatlon included on the charitable company's website. Leglslalion in the Unlled Kingdom goveming the preparation and dis5eminalion of financlal statements may differ Irom legislallon in olherlurisdiclion8. AUDITORS The auditor8, SKS Audit LLP, will be proposed for re-appolnlmenl al the forthcoming Annual General Meetlng. Thi5 report has been prepared in accordanc& w¢th the speeial provis1tsn8 of Part 15 of the Companles A¢1 2006 relatlng 10 8mall companles. Approved by order of the board oflrustees on 0711212021 and signed on its behalf by- le.0 M Band Secretary REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF ST. HILDA'S EAST Oplnlon We have audlted the financla5 slalements of St. Hllda's East for the year ended 31 March 2021, whlch comprise the Slalemenl of Flnancial Activities (Summary Income and Expenditure Accounll, the 8alance Sheet, the Statement of Cash Flows and notes to the financlal slalemenls, includlng a summary of signilcant accounting policie5. The financlal reportlng framework that has beèn appllod In Ihelr preparation is applicable law and United Kingdom Acctsunllng Standards, including Finan￿al Reportlng. Standard 102, The Financial Reporting, Standard 8pplicabl& In the UK and Republic of Ireland (United Kingdgm Generally Acctrpled Accounting Praclicel. In our opinlon the financL41 slalemenls.. give a IrLFe and fair view of the stale of the charltsble Company's affairs ay at 31 March 2021 and of ils Incoming resources and appllcallon of re80urces, 1￿Cluding income and exp8n(Jilure. lor the year then ended,, have been properfy prepared In accordance with United Kingdom Generally Accepted Accounllng Practice including Flnancial Reporting Standard 102 'The Financlal Reporting Standard appllcable In the UK ar￿ Republic ol Ireland,; and have been prepared in accordance wlth the requlremenls of the Companle8 Act 2006. Ba$ls for oplnlon We conducted our audit In accordance wllh International Standards on Audlllng IUKI IISAS IUKII and applicable law. Our responsibilities under those sl8ndards are. further dP￿ribed In the Audilorfs responsibilities for the audit of the financial statements section of our report. We are Independent of the Company in accordancg with th& ethical requirements that are relevant lo our audit of the financial statements in the UK, includlng the FRC'S Ethical Standard, and we have fulfilled our other ethical responslbililies in accordance with these requlremenls. We believe that the 8udS1 evldencg we have obtsined18 sufficient and appropriate lo provide a basis for our opinion. Concluslons relatlng to golng concern We have nolhlng to report in respect of the following matt8rs in relation lo wh1ch the ISAS {UKI require us to report lo you where.. The trustees, u8e of the golng concern basls of a¢￿untIng in the preparation of the financlal statements is not apwopriale., or The trustees have not dls¢losed In the flnan¢ial slalemenls any Identified malertal uncertoinlles that may cast Significant doubl about the charitable company's ability lo continue lo adopt the going concern basis ol accounting for a perlod of al least 12 months from the date when the financial statements are aulhorised for issuo. other Inlomigtlon The other information comprises th8 InfoTmalion Included In the annual report, other than the financlal statements and our auditor's r8port thereon. The directors are responsible for the other intormalion. Our opinlon on the financial slatemènls does not cover the other Information and, except lo the exienl oiherwlse expli¢llly slated In our report, we do not express any form of assurance conclu8ion thereon. In connecllon wllh our audit of the financial 8lalements, our respon8lbilily is lo re8d the other information and, In dolng so, consider whether the otheT infomialion l¥ materially Inconslstenl with tho financial 8latemen18 or our knowledge obtained in the audit or olherwlse appears to be materially misslaleil. 11 we Identify such materlal in¢onsislencie5 or apparent material mlsslalernenls, we are required lo determine whether there is a material misslatemenl In the financial Slatemenls or a m31erial mlsslalemenl ol the olher Informallon. If, based on the work we have performed, we conclude that there 55 a material misstatement of Ihls Other information we are requlred lo report Ihal fact. We have nothSng to report in this regard. Oplnlony on other matters prescrlbed by thg Companles A¢t 2006 In our oplnion, based on the work undertaken in the course of the audit.. The information gwen in the Iruslees, report, whleh Indudes the dlreclorfs report prep8¥ed for the purp08& of cornpany law for the fi'nancial year ftrr whl¢h the financial slalemenls 8re prepared Ss Gonsistenl w71h the financlal slalements.. and The dirtclors, report Included In the Iru81ees' report has been prepared in accordance with applicable legal requlremenls. io REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF ST. HILDA'S EAST Matters on whl¢h wg are requlred to report by axcoptlon In the li9ht of the knO￿edge and understandlng of the charllable company and Ils environment obtained in the course of the audit, we have not identified material mlsstslemenls In th8 dlrectors, ￿port Included in the Iruslees, report. Vve have nolhlng lo report in respect of the following matters In re181ion to whlch the Companle8 Act 2008 requires us lo report to you if, In our opinion.. adequate accounting recordg have not been kept or relu¥n8 adequate for our audit have not been recelved frofft branches not vislted by us., the linancial slalemenls are not in agreement wlh the accounllng records and returns.. certaln disclosures of Iruslees, remuneration 8pecified by law are not made.. we have not received all the Infom7alion and explanations we requlre for our audit,. trustees were not entilled lo prepar8 the financial stslemen15 In accordance wlth the small companies reglme and take advaniage of the small companles exemption in preparing the directors, report and take advantage of th8 small companies exemption from the requirement lo piepare the Strateg￿ report. Responslbllitles of dlrectors As explained more fully in the Iruslees, responsibilllles slalemenl. the Iruslees (who are also the directors of the charitable company lor the purposes of company lawl are responsible for the preparation ol th& financial 81alemenls and for being satisfied that they give a true and fair view, and for Such internal conlrDI as the Iruslees delermlne is necessary lo enable the prepafation of financial slalemenls that are freo from malerlal misslalemenl, whether due lo fraud or err￿. In preparing the financial 8tstemenls, the Iwstees are iesponsible for assessing Ihe" charltable company's abllity to conllnue as a golng concem, discloslng, a5 applicable. matters related to going concerrb and using the golng concern bas59 of accounting unless the Iruslee5 either intend lo liquidate Ihts company or lo cease operations, or have no reallgtlc alternallve bul ID do 80. Audltorfs respon31b115tlgs for the audlt of the flnancial statgmgnts Our objectives are to obtain reasonable assurance about whether the flnanclal slalemenls as a whole are free Ifom material mi8Stalemenl, whelhef due lo fraud or error, and lo Issue ar) audilorfs report that Includ&s our oplnlon. Reasonable assurance Is a high level of assurance, but is not 8 guarantee that an aud51 conducted In accord3nce with ISAS (UK) will always delect a material mlsslalemenl when il exists. Misslalements can arise from fraud or error and re considered mal¢rio1 if, indlvidually or in the aggregate, they could reasonably be expeded to Influence the economlc decisions of users taken the basis ol these I'nancial slalements. Irregularities, indudlng fraud, are Instances of non.compliance with law8 8nd regulations. We deslgn procedures in line wlth our respon8ibllllies, oulllned above, lo delect malerlal misslalemenls In respect of Irregularilles, Includin9 fraud. The extent Ics which our procedures are capable of deleding Irregularities, including Iraud is detailed below.. Dlscussions were held with, and enquiries made of, management and those charged with govemance ￿th 8 view to Identifying those laws and regulations that could be expected to have a material Impa¢1 on the flnancial 81atements. During the engagement team briefing. the outcomes of these dlscussion5 and enquiries wer8 8hared wlh the team, as well as conslderallon as lo where and how fraud may occur In Ihe enllly. The following laws and regulations were Identlfied as being of significan¢8 lo the enllly,. Those laws and regulations considered lo have a direct effect on the financlal statement5 indude UK tinancial report1ng standards, Company Law, Charities Act, Tax and Pensions legislatlon. and dlstrlbulable profits legislallon. It Is consldered that there are no laws and regulallons for whlch non-compllance may be fijndamenlal to the operating aspects of the charity. li REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF ST. HILDA'S EAST Audit procedures undert8ken in response lo the polenllal risk8 rela￿ng to irregularilles (which Include fraud and non-compllance with laws and regulalionsl comprised of.. Inqulrles of management and those charged wllh governance as to whether the charitable company complies wllh such law8 and regulations., enquirles with the same ¢oncerning any actual or potential liligalion or clalms., inspection of relevant legal Correspondence: review ol board minute5'. le81ing the approprlateness of entries In the nomlnal ledger, includlng journa5 entries,. reviewing transactions around the end of the reporting period, and the perf0mlan￿ ol analyllcal procedures lo Identify unoxpecled movements in account balances whlch may be indicatlve of fraud. No instances of material non-compllance were identified. However. the Ilkellhood of detectlng irregularities, including fraud, Is limited by the inherent difficulty in detecllng Irregularities, the effeciiveness of the enlily's controls, and Ihe nature, liming and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult lo detect than Irrtsuularilies that result from error. As &xplained above, there1$ 8n unavoidable risk that material mlsstalemenls may not be dele¢led, even though the audit has been planned and perfomied in accordanoe ￿th ISAS {UK}. A further description of our responsibllilies for the audll of the financial slalemenls Is located on the FinanGial Reporting Council's website al w￿￿,fr¢.0rg.UkIaUdlt0rsrespon5lblliIle5. This descrSplion forms part of our audltor's report. Thls report is made 801ely lo the company's members, as a body, In accordance with Chapter 3 of Part 16 of the Companies Act 2006, Our avdil work has been undertaken so that we might slate lo the charitable company's members IhDse malleF8 we are requlred to slate lo them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or a38um? responslbilily lo 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 oplnlons we have formed. James Foskett {Senlor Statutory Auditor) for and on behalt of SKS AUDIT LLP 3 Sheen Road Richmond Upon Thames TW9 IAD Date: g 20 12 ST. HILDA'S EAST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021 SUMMARY INCOME AND EXPENDITURE ACCOUNT Unr&strlctod Fund8 Ganoral Deslgn8tgd Funds Fund$ R8strlctsd Funds Note5 2021 2020 In¢omB Donations and legacies Income from charitable activities Income from tradln9 actlwlies Inveslmenl Income 183,852 633.833 67,914 2,713 161.493 412,453 345,345 1,046,286 67,914 2,713 90.080 1.574,252 222,235 3.448 Total Income 888,312 573,946 1,462,258 1,890,015 Expondlture Cost of raising funds Expendiiure on charitable actlvili&s 95,923 640,824 95,923 1,263,483 101,657 1,852,084 622,659. Total expendltur• 736,747 622,659 1,359,406 1,953,741 Net incomelloxpendltur&l and net movementln funds before galns & losses on Investments Net gainslllossesl on investments Net.movemont in Funds R8concllialion offunds Total fund8, brought forward 151.565 148,7131 102,852 116 101,736 163,72ei 150,449 148,7131 165,4881 317,526 218,715 1,415,086 1,951,327 2,016,815 total funds, carried foNi•rd 467.975 218715 1,366.373 2 053 063 1,951327 The Statement of Flnancial Aclhjllies also complies with the requlr8menls for an Income and expenditure account under the Companies Act 2006. CONTINUING OPERATIONS None of the charity's activitses were acquSred or disconlSnued during the above two financlal perK)ds. TOTAL RECOGNISED GAINS AND LOSSES The charity has no re¢ogn180d gains or108s88 Other than th8 above movement In funds for Ihtr above ￿ financlal periods. The notes on pages 1610 30 lorm part of these financlal stslemenl$ 13 ST. HILDA'S EAST BALANCF SHEET AS AT 31 MARCH 2021 NotOS 2U21 2UkO Fi¥ed 12 1,.'lJ)A,44? iCI,177 1,4811,954 Cvfreiit ass9ts 14 114 Ob15 r?-1fl.795 I5().￿)i TO41 R51 r,?.1.57 Iri4iiiu (Jisy Milli jii 7rt.5Tr7 1?8,744 47n,313 Ngl nssol% i or)1,.177 Tli(> Iuimls ol Uie charity UiY&stric.iod l(Incl '.117 526 2'18,71r, 1,41'.i.n8fl 17 14¥*lr*Elgd ILW)ds 1,'.56i?. Jl'l Total ¢h41rity Yiin(t 2.U48.flSJ riiL. 'fiiJs11%4¥ l*tive yrttiitsred Iinbiiaiul sl&tcinonltt 111 ¥iixxJiilillK¥ wilh SL¥.tstiii ,ICI8 1>1 Ili*. Loi)-iSJalllC'4' I.'I •OlJ¢b ,and roqiiii()d l)v Iho.. fRI)riii)EinitsN A4.'12tK)S aiid sio lor circiildlion IE) nviiI)kkni.*g (1t ihil Wlllll¢llly WI1￿.1￿) ljiii)Iityi jjl .,14JlviTrwiit% Wol'e appr￿Ort by Ilio Fl(Jjbid rf)l DIK¥iofS and Tiiis1(.'1?s <)n sioi)ocl 011 Ily bohFJlf liy oRlial&l Chalr D4>11rii% 7w()liltsy Tr¢aNiirD* Coihptiny Niimbpr OOC152880 Tlitl Iii)let on pages 1L4 10 30 Iwiii i)tiii ol Ihv.£a tinan¢i. Conlributlons lolalling £1,23412020- £101 were payab5e lo the fund al the year end and arè In¢luded In creditors. 1.18 Oporaling leases I leases are operallng leases, and rentals are charged lo the S181emenl of Financlal Activities on a straight- line basls over the lease duralion. No assets are he￿ under hire pur¢hase a9reement8. 1.19 .Taxatlon The charity is a registered charity and, therefore, 55 not liable for Income Tax or Corporation Tax on Income derived from ils charltsble activities, as rt falls within the various exemptions avallable to registered charltles. DONATIONS AND LEGACIES Unrgstrl¢ted Funds Rastricted Funds 2021 2020 Chellenham Ladies College Guild of Chellenham Ladies College Bryan Cave Leighlon Palsner LLP CAF Resillence Fund Macfarl8nes LLP HMRC - Job relenllon ￿heme grant Donations Membwship fees 1,764 3,000 1,764 3,000 83.280 78.213 2,104 3.500 83,280 78213 5,000 11,666 63,151 4.659 141,355 32,524 5,209 141,355 32,524 5,209 183,852 161,493 345,345 The donations and legacies income In 2020 101?Iling £90,080 was attrfbuted lo unrestricted funds of £77,914 and reslricled funds of £12,ie6. 19 ST. HILDA'S EAST NOTES TO THE FINANCIAL STATEMENTS {Contld) FOR THE YEAR ENDED 31 MARCH 2021 INCOME FROM CHARITABLE ACTIVITIES Unr•$trlcted Re¥trleted Funds Funds 2021 2020 Servicè agreements L. B, of Tower Namlels other contract ￿￿me Grants and don4llons L. B. ol Tower Hamle15 Credit Agricole Natlonal Lollery Fund Ea81 End Communlly Foundallon Wakefield Tru81 Detwenl London Communlly Fund Francls Winh8m Foundation The Frank Jackson Foundallon Charitable companyllrust donallolls < £5.QQO CorpoTale donallons < £5,000 Othér Income 562,244 13,553 562,244 13,553 581.728 19,766 40,000 18,894 64,461 6,OIK) 11,000 40.000 18.894 64.461 8.000 11.000 23,400 3,500 1,500 5,000 7,000 9,330 6,500 42,157 699 881 3,550 1,500 3,550 1,500 8,995 730 197 8,995 584 792 Grants and doftatlons Accoun13 Clly Biidge Trust The Rank Foundation Charitable companyllrusl donallons < £5,000 Other Income 5,109 33,435 28,000 10,202 33,293 110,039 41.100 26.500 8,325 41,100 26,500 6,325 19,854 93,579 19,654 19,654 Servlce agreements L. B. of Tower Hamle15 Grants donatlons The Rank Foundallon L. B, of Tower H8mlel$ BBC Chlldren In Negd . Cat7ary Wharf Group PIC DeFwenl London Communlty Fund Inner London Maglslrale8' Courts Mèrcels Chaiil8ble Found8lltsn Charltable companyllrust donations < £5.000 Corporate donallon8 < £5,000 Other income 29.387 29,387 21.607 1,833 1,833 9,040 27,431 9.950 11,625 4,700 5.000 10,000 5,998 1,770 1,221 108,342 1.833 31,220 Gr*rtts and donatlons L. B. of Tower Hamlets London Legal Support TfU8t Clty Bridge Trust Credit Agricole Corporate donatlons < £5.OOC) Indlvidual donalions < £5,000 Pro.Bono 8ervlces B'ryan Cave Leighlon Pa18ner LLP Macfarlanes LLP 11,095 4,817 11.095 4,817 8,628 7,977 6,465 2,500 4,131 1,500 36,530 139,048 191,290 36.S30 139,048 191,290 263,448 361.341 655.990 633,833 412.453 1,048,286 1,574,252 20 ST. HILDA'S EAST NOTES TO THE FINANCIAL STATEMENTS {ConUd) FOR THE YEAR ENDED 31 MARCH 2021 INCOME FROM CHARITABLE ACTIVITIES Icontldl Tho charity is Indebted lo Bryan Cave LewJhlon Paisner LLP and Macfarfanes LLP for pro-bono advlce serwce provided lo our users. The values placed on these conlribylions by Bryan Cave Leighton P8isner LLP and Macfarlanes LLP, are recognised within income as donations. and correspondlng charges Included wilhln Advice & Legal Support direct prole¢t costs. Income from charitable activities in 2020 lotalllng £1,574,252 was attributed to unieslricted funds of £699,772 and reslrlcled funds of £874,480. OTHER TRADING ACTIVITIES Unrestrlcted Funds Raslrlcted Funds 2021 2020 Rental and servlcts charge income Fundraising activities Membership GonsortlL¢m income 87.811 67,811 158,298 62,785 1,152 222,235 103 103 67,914 The other Iradlng Income in 2020 lolalllng £222,235 was allrlbuted to unreslricled funds. INVESTMENT INCOME Unrostricted Funds Restrl¢tsd Funds 2021 2020 Bank intèrest Investment income from unlts in The Gharilies Property Fund 126 126 648 2,587 2,713 2,587 2,800 3,448 The Investment Income In 2020 tolalling £3,448 wa8 attributed lo unrestriGled funds, ANALYSIS OF EXPENDITURE Ralsing Ca Famlly Funds Sorvlces Support Youth Adv1¢& & Legal Support 2021 2020 Staff Costs Dlrect project costs Pro bono legal services Premises and equipment costs Depreciation Fundralslng costs Support cos15 (Note 71 Governance costs (Note 7) 48,850 527,150 59,098 38,178 23.840 697,116 826,139 29.311 24,554 loo 53,965 157,101 66,624 242,202 624,789 3,074 13,945 28,573 38,434 4,961 44,648 49,607 49,616 28,003 28,003 9,018 10,456 193,924 I7,￿2 19,351 248.233 234,119 577 10,708 942 1.089 13,707 14,525 95,923 886,308 106,304 63,346 207,525 1,359,406 1,953,741 Of the £1,359,406 expenditure in 202112020 - £1.953,7411, £736.747 was charged lo general fvnd812020- £997,291), NIL lo deslgnaled funds {2020 - £nill and £622,659 to restricted funds12020-'£956,4501. 21 175,578 258 4,648 4,648 7,438 411 ST. HILDA'S EAST NOTES TO THE FINANCIAL STATEMENTS {Contldl FOR THE YEAR ENDED 31 MARCH 2021 SUPPORT COSTS The charily Initially Identifies the ￿$1$ of Ils support funclipns. 11 then Identifies those costs whlch relate lo the governance function. Govemance costs arKI olher 5UPPOrt CO8ls are apportioned separately between charity s key a¢livily undertaken 18ee nole 61 In the year. All the general support and govemance costs havè been apportioned to the various charitable activitie5 on the basis of staff time allocated lo each aclivily. General Governan¢ 2021 Support Functlon Costs 2020 Management $13ff General csftice staff Premls&s and equlpmenlcosts Insurance Communication￿$1S Legal and professional costs Pro bonole9al soNlce¥ Sundryexpenses Bad debts Dep￿ClaI10￿ Auditfees Annual report 86,800 105,751 2.953 8,247 12,668 2.250 16,056 5,272 2.124 5,512 5.787 92,587 105.751 2.953 8,247 12,668 2,250 16,656 5,272 2,124 5,512 7,920 120,924 83,619 4,270 8,834 8,654 2,543 4,042 5,513 7,920 2.325 7,920 248,233 13,707 261,940 248,644 GAINS I (LOSSES) ON INVESTMENT ASSETS Unresttlcted Funds Rgstrlct¥d Funds 2021 2020 Unreallsed gainlllossl on year end valuation 11,116) 11,116) (1,762) 11,7621 NET INCOME I IEXPENDITUREI FOR THEYEAR 2021 2020 Ngt movemgnt in funds Is shown after charying: Depreciation on tangible fixed as8el8 "Operating lease payments- photo copler Audilo¢s remunerallon- Audit Fees Auditor's remunerallon- Non Audit Fees 55,119 838 6,000 1,920 55,129 78 6.000 1.920 22 ST. HILDA'S EAST NOTES TO THE FINANCIAL STATEMENTS {Contld) FOR THE YEAR ENDED 31 MARCH 2021 10. ANALYSIS OF STAFF COSTS, TRUSTEES REMUNERATION AND EXPENSES, AND COST OF KEY MANAGEMENT PERSONNEL 2021 2020 STAFF COSTS Salarles Naliun81 insurance Pensior¢ conlrfbution 815,776 60,020 19,657 936,279 71.733 22,670 895,453 1.030.682 No employee had employe& beneflts in excess of £60,000 {2020- nill. No Trustee received any remuneration durlng the year 12020 - £nlll. No Trustees received re5mburse expense8 during the year12020- £nill. The k8y management personnel of the charty comprlse the Exeaulive Dlreclor, Deputy Director Finance and Facillties, and Deputy Dlre¢tor ProSects and Slralegy. The total emplpyee benefits of the key management personnel of the charfly were £116,763 {2020- £140,927). 11. STAFF NUMBERS The av8rag8 number of full- Ilme eqyivalenl 8mploye88 lincludlng casual and part-lime staff) was as follows.. 2021 2020 18.5 19.5 Care SeNkes Family Support Youth and Trainlng Advice and Legal support Fundralsing. management and govemanoe General offlc8 30.0 35.0 The average monthly number of persc>ns employed by the charity durlng the year wa$ 48 {2020- 541. 23 ST. HILDA'S EAST NOTES TO THE FINANCIAL STATEMENTS {ConUdl FOR THE YEAR ENDED 31 MARCH 2021 12. TANGIBLE FIXED ASSETS Freohold property Freehold property (mlxgd motlvo .SnvestmgDtI Leasehold Furnllur property Improv•m•nt equipmont Pllotor vehlc10S Totsl COST As al 181 Aprfl 2020 Additions durlng the year Disposals during the year 2,050,750 503,665 66,996 . 54,847 81.289 2,757,549 As at 3181 March 2021 2,050,750 503,665 66,998 54,847 81,289 2,757,549 DEPRECIATION A5 al 1 st April 2020 Charge for the year Disposals during the year 903, 108 41,015 261,878 10,073 43,549 3,350 54,1e5 681 81.288 1,343,988 55,119 A8 al 31st March 2021 944,123 271,951 46.899 54,846 81.288 1,399,107 NEf BOOK VALUES A¥ at 31st March 2021 1,106,627 231.714 20,099 1,358,442 As a131 st March 2020 1,147,642 241,787 23,449 682 1,413,561 The Freehold property {mlxed motive Investment) above represents the proportion of Sl. Hilda's East community bullding, rented lo tharilable organisallons with acllvllies that correspond to the objedive8 of Sl, Hilda's Ea81. 24 ST. HILDA'S EAST NOTES TO THE FINANCIAL STATEMENTS (Conudl FOR THE YEAR ENDED 31 MARCH 2021 13. CHARITY INVESTMENT FUNDS 2021 2020 Uni18 value, brought fO￿ard Unrealised gainlllossl during the year Units value, carried forward 67,393 69,155 11,762} Historlc cost 50,000 The investment above Is represented by $3,381 unlls in The Charilles Property Fund a Common Investment Fund available lo all charities in England and INales that invests directly in UK commercial property. Al 31 March 2021 the charity held 53,381 unlls that represented no mor8 than 5% tsf the lolal value of the units of The Charltles Propety Fund as at 31 March 2021. The investment is valued utilising NAV price. by Savills Investment Management, on behalf ofThe Charllles Property Fund al £66,277. 14. STOCK 2021 2020 Food and cleaning products Postag8 and $1811onery 2,566 2,196 4,762 15. DEBTORS 2021 2020 Grant, contract and rental deblors Other debtors Prepayments 74,768 11,592 7,696 129,421 11,812 8,773 94,056 150.006 16. CREDITORS: amounts falllng dug wlthin one year 2021 2Q20 Trad¢ credllors Taxation and social 8ècurlly Other credllor8 Ac¢ruals Deferred Income (Note 19) 8,792 14,5e5 1.234 30,792 21,124 8,139 18,653 5.059 15.702 5,853 76,507 53,206 25 ST. HILDA'S EAST NOTES TO THE FINANCIAL STATEMENTS (Contld) FOR THE YEAR ENDED 31 MARCH 2021 17. MOVEMENT IN FUNDS Balance at Income 01.04.20 Expondllure Galns l Balanco at ILoss•BI 31.03.21 Restricted funds: CAF Resilience Fund 8ryan Cave L6ighlon Palsner LLP- Pro bono Care SeThlcos.' L B of Tower Hamlets Credit Agricole National Lottery Fund East End Community Foundation waker￿Id Trust The Frank Jackson Foundation Charitable company/trust donallons < £5.000 Corporate donations < £5,000 Famlly Support.. Clly Bridge Trust The Rank Foundatlon Cha￿table trust donations < £5,000 Youth.. 8BC Children In Need Mercers Charitable Foundation The Rank Foundation Advlce & Logal Support.. L B ol Tower Hamlets City Bridge Trust Credll Agricole BTyan Cave Lelghton Pai8ner LLP- Pro bwo Macfarlane8 LLP - Pro bono Bullding RedevelopmenL' Redevelopment Fund FlxedAsset$.' Purchase of vehlcle 78,213 83,280 78,213 83,280 40,000 18,894 64,4S1 6,0 11.000 40,000 18,894 64,461 5.000 11,000 7,ODO 6,210 1,000 7,000 3,500 1,000 3,550 1.500 2,811 28,000 41,100 26,500 6,325 43,911 10,222 6,325 44.278 3,316 5,833 3,316 5,833 1,833 1,833 11,095 11,095 539 4,617 36,530 139,048 539 4.617 36,530 139,048 1.363,086 42,832 1,320,254 1',415,086 573,946 622,659 1,366,373 Doslgnatèd Fun(i$ ', Staff contingency fund M8inlenance lund Bulldlng fund 90,8U3 97,912 30.000 218.715 90,803 97,912 30,000 218,715 11,116} 467,975 Goneral tunds . 317,526 888,312 736.747 Total Unrestrlctod funds 536,241 888,312 736,747 11,1161 686,690 Total funds 1,951,327 1,462.258 1,359,106 11,1161 2,053,063 26 ST. HILDA'S EAST NOTES TO THE FINANCIAL STATEMENTS (Conud) FOR THE YEAR ENDED 31 MARCH 2021 17. MOVEMENT IN FUNDS Icontldl Movements In funds- prevlous yaar 01.04.19 Incomg Expendlture Galns 1 {Lo8sesl 31.03.20 Reslrlct¢d funds: Guild of Chellenham Ladies College HMRC- Job relenllon scheme grant Car• SgNl¢e$.- L B of Tower Harn101s Awards for All Credit Agrlcole Detwénl London Community Fund Francls Winham Foundalitsn The Frank Jackson Found811on m¢￿er$ Charilable Foundatlon Peter Fraenkel Charilable Fund Charilablè companyllrust dona￿.0nS < £5,000 Corpoi8le donallons < £5.000 Family Support.. A¢coun13 Cliy Brldgg Tiust Mercers Charilable Foundallon The Rank. Foundation CharilablB Irusl donatlons < £5,WO Youth.. L B of Tower Hamlets BBC Chlldren in Need Canary Wharf Group PIC Demnt London Commun5ty Fund Inner London Magislrales, Courts. Mercer8 Charllable Foundation Peter Fraellkel Charitable Fund The Rank Foundatlon Charitable companyltrusl don8llons < £5,000 Corporate donatlons < £5,000 Advice & Legal Support.. L B ol Tower Hamlet8 C1ty Bridgè Trust Credil Agrlcole London Logal Support Trust Merceis Charitablè Foundalbon Corporal¢ donalkjns < £5,000 Indfvidual donations <£5,(X)O Bryan Cave Lelghlon Palsn8r LLP- Pro bono Maclartanes LLP- Pro bono Buildin9 Redevelopmont.. Redevelopment Fund Flxgd Assgts.." Purchase ol vehlde 500 11,ee6 500 11,666 23,400 23,400 9.071 3.500 1,500 5,000 9,071 3,$00 1.500 5.000 7.000 7.000 20,000 4,000 20.000 4,000 5,830 5.500 9,330 6,500 3,500 1,000 5,lOQ 33.435 5,109 33,392. 4.167 2,768 4,167 2,811 28,000 .10,202 28.0 10,202 27.431 9,950 11,625 4,700 5,000 10,000 27.431 9,950 11,625 4,700 5,000 34.167 1.000 9,040 5,998 1.770 3.316 3,31S 30,000 1,LXIO 5,833 9,040 5,998 1.770 8,628 B.465 2,500 7,977 8,628 6,408 2.500 7.977 4,167 4,131 1,500 263,448 361,341 482 539. 4.167 4,131 1.5CQ 263.448 381,341 1,405.918 42,832 1.363,086 Deslgnated Furtd$ Staff contlngency fund Malntenance lund Bulldlng fund 90,803 97,912 30,000 218.71 S 313,210 1,003,369 90,803 97,912 30,000 218,7 11,7621 317,526 Genral funds: Total Unrastrl¢lod funds Total fund8 997,291 2,oie,815 1.890,015 1,g53,741 11.762} 1.951,327 27 ST. HILDA'S EAST NOTES TO THE FINANCIAL STATEMENTS Icontld) FOR THE YEAR ENDED 31 MARCH 2021 17. MOVEMENT IN FUNDS Icontldl Descrlpllon. naturg and purposg of restrlcted funds: CAF Resilience: Funding lo cover core salarles for dlreclor, deplty direGtor and fmance manager forsix months as well as external evaluation and consultancy sUPPOrt. Bryan Cave Leighton Palsnar LLP- Pro bono,. Pro Bono legal asslslance related to Sonali Garden8 lease agreement. Mercgrs, Charitable Foundation: Funding towards commlssioning a consultant lo prepare a stralegk bvslness plan. Guild of Chgltenham Ladles, Collgge: Funding towards the costs ol tho 130th Anniversary event. Care S¢rvl¢os: Fundlng was used to deliver a number of care services lo people In need of support for reasons of disability, old age or illness, and their carers Including day care. health promotion, complem6ntary therapy, soclal support and r88pile service8 for carers. Family Support.. Funding was used for seryices working with parents. pre-school chlldren and wNnen Ilving in the local communily in need of support. Service5 lor parents and young children included créche chi1dcaTe provi8ion with children enjoying high quality play opportuniUes and learnlng through play, and famlly support. In ' supporting local women a range of actlvilies were delivered, includlng ESOL, fitness classes, health promotlon events, skills and confidence building. Youth: The funding enabl8(I the charty to support yourtg people al rfsk of social excluslon, by way of del￿erIng a b.alanced programme of activilles. The8e were aimed at empowering young people and promoting Individual independence, and included sesslonal out of school hours activities, creallve arts projects. inter-generalional actlvi11&s and holiday schemes. Funding was also used to Support young people wilh learning and physical Advl¢g & Lègal Support: The service Is largfjled al local people woviding free advlce on welfare benefi18, housing, debt {by daytime advice servlcel, Income maximlsallon and ¢ilher issues. Bulldlng redevelopment: Building development and landscape garden. The balance remainlng represent8 un-depreciated costs. Pur¢h8s0 of vohlGIe: Funding received to purchase a minlbus. The balance remainlng represersls un-deprecialed Gost. D95crlptlon, nature and purpos6 of unr&strl¢ted fund8: General funds: General fund repr•senls funds available to spend al the discretion of the Trustees after allowlng for 811 the designated funds. Thfr stsff contingency tund: Represents monle8 designated by the Trustees towards Covering the legal commrtmenl for staff potential redundancy atld notice costs. The maintenancè fund: Represents monies designalod by the Trustees towards major repaSrs and improvements lo the freehold premises and minlbus. Building fund: Bulldlng development and landscape garden. 28 ST. HILDA'S EAST NOTES TO THE FINANCIAL STATEMENTS (Convd) FOR THE YEAR ENDED 31 MARCH 2021 18. ANALYSIS OF FUND BALANCES BETWEEN NET ASSETS General Funds Deslgnated Funds Restrlctgd Funds Total Tangible fixed a8sels Investments Nel Current assets 38,167 66,277 363,511 1,320,255 1,358,442 66,277 626,344 218,715 46,118 467,975 218715 1,366 373 2 053,063 Analysls of fund balancos b6tw¥en ngt assèts- pravlous y¥ar Gènèral Deslgnated Funds Funds Rg$lrlctsd Funds Total Tanglble fixed assets Investments Nel Current assets 50,474 67,393 199,659 1,363,087 1,413,561 67,393 470,373 218.715 51.999 317,526 218,715 1,415,086 1,951.327 19. DEFERRED INCOME 2021 2020 Balance as at 1st April Amount released to income in the year Amount deferred in the year 5.653 15,653) 21,124 4,671 14.6711 5,653 Balance as al 31st March 5,653 Deferred Incorne Sn 2021 represents the Rank FoundalSon grant d8ferral for 202112022 wagps £11.365, evenl ticket fees deferral for 202112022 £5.060 and service charges deferral for 202112022 for £4.699. Deferred Income of 2020 represents rental income and service charges reeeived in advance for2Q2012021. 29 ST. HILDA'S EAST NOTES TO THE FINANCIAL STATEMENTS (Contld) FOR THE YEAR ENDED 31 MARCH 2021 20. OPERATING LEASE COMMITMENTS The tharily has operallng lease ¢ommibnents relatsng lo Ils photo coplers as shown below.. 2021 2020 Less than 1 years Within 2- 5 y&3rs 1,397 2,793 1,397 4,190 5,587 21. SHARE CAPITAL The charity is consliluled a8 a company limited by 9uarantee and does not have a share capllal divided by shares. 30