Charity number: 1071657
STREETSMART - ACTION FOR THE HOMELESS
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
STREETSMART - ACTION FOR THE HOMELESS
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 4 |
| Independent Examiner's Report | 5 - 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 - 16 |
STREETSMART - ACTION FOR THE HOMELESS
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MAY 2023
| Trustees | W Sieghart |
|---|---|
| R Boycott | |
| M Sturridge | |
| N Emley | |
| Charity registered number 1071657 Principal office Rose Court 2 Southwark Bridge London SE1 9HS Accountants Sopher + Co LLP Chartered Accountants 5 Elstree Gate Elstree Way Borehamwood Hertfordshire WD6 1JD Bankers Barclays Bank PLC 50 Pall Mall London SW1A 1QD |
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STREETSMART - ACTION FOR THE HOMELESS
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MAY 2023
The Trustees present their annual report together with the financial statements of the Charity for the 1 June 2022 to 31 May 2023.
Structure, governance and management
a. Constitution
There have been no changes in the objectives since the last annual report.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
c. Organisational structure and decision-making policies
The day to day running of the Trust is managed by the Secretary under the guidance and control of the Trustees.
There are no specific restrictions imposed by the governing document concerning the way the Trust can operate.
d. Risk management
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
Objectives and activities
a. Policies and objectives
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the charity commission relating to public benefit.
The principal object of the charity is the relief of poverty and sickness in particular among the homeless in London.
b. Strategies for achieving objectives
To meet this objective the Trust arranges primarily but not exclusively for London restaurants to ask their customers in the months of November and December to provide a voluntary £1.00 per table contribution. In addition, the Trust arranges primarily but not exclusively for London hotels to ask their customers in the months of November and December to provide a voluntary £1.00 per room contribution.
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STREETSMART - ACTION FOR THE HOMELESS
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023
Objectives and activities (continued)
c. Grant-making policies
Homeless charities seeking funding from StreetSmart should submit their application in writing during December. The organisations funded by StreetSmart must work progressively with their client group. Successful applications receive support for projects aimed at helping the homeless to make a better life for themselves, focusing on mental and physical health, employability and sustainable independent living. Grants are given to those who support people through the crucial stages in their progress from vagrant to valued community member.
There is no formal application process, but charities should outline the aims and achievements of the organisation, and explain in detail the specific area of their work in need of financial support, e.g: Project worker salary, educational programmes, meaningful occupation. StreetSmart does not provide funding to soup kitchens unless they form part of a drop-in centre linked into other services. If the project meets our criteria, StreetSmart will then arrange for a StreetSmart representative to visit the project at some point during January and February and report back to the trustees. The trustees of StreetSmart meet in April to decide which applications have been successful.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
Surplus funds retained at the year end amounted to £318,820 �2022 - £332,628�. Donations were received in the year and paid out to various charitable organisations. Donations, including campaign and other donations, received amounted to £803,069 �2022 - £764,485�. As mentioned above, the Trust received sponsorship from Land Aid amounting to £135,000 �2022 - £120,000� to cover it�s running costs. Together with bank interest received the total incoming resources for the year amounted to £939,011 �2022 - £884,524�.
Total expenditure amounted to £952,819 �2022 - £826,840�. This is made up of direct charitable expenditure of £817,100 �2022 - £703,731� and management and administration costs of £135,719 �2022 - £123,109�.
Note 11 sets out the analysis of the assets attributable to the various funds. These assets are sufficient to meet the charity�s obligations on a fund by fund basis.
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STREETSMART - ACTION FOR THE HOMELESS
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023
Achievements and performance
a[Review of activities]
The Trustees consider that the performance of the Trust this year has been satisfactory. The number of restaurants, pubs and hotels participating in Streetsmart at the year end was 550 (2022 - 517). The project includes restaurants in Bedfordshire Birmingham, Bath, Brighton, Bristol, Cambridgeshire, Cheshire, Cornwall, Edinburgh, Hampshire, Hertfordshire, London, Manchester, Newcastle-upon-Tyne, Oxford, Scotland SouthendOn-Sea, Wiltshire. All sums raised in respective cities are donated to charitable organisations in those cities.
The Trust obtained sponsorship from Land Aid in the administration and promotional costs. Accordingly the income and related expenditure are disclosed as ayear. The money specifically covers the Trust's restricted fund.
Statement of Trustees'
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
and application including its income and expenditure, for which give a true and fair view of the state of affairs of the Charity and of its incoming resources of resources, that period. In preparing these financialeach financialThe law applicable to charities in England & Wales requires the Trustees to prepare financial statements for statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102); make judgments and accounting estimates that are reasonable and
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C state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
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Charity will continue in business.
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 enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection fraud and other irregularities.
Approved by order of the members of the board of Trustees on 26 March 2024 and signed on their behalf by:
lola-Sushis
W Sieghart Trustee
STREETSMART - ACTION FOR THE HOMELESS
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MAY 2023
Independent Examiner's Report to the Trustees of Streetsmart - Action For The Homeless ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 May 2023.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ��the 2011 Act��.
I report in respect of my examination of the Charity�s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145�5��b� of the 2011 Act.
Independent Examiner's Statement
Since the Charity�s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Association of Certified Chartered Accountants, which is one of the listed bodies.
�our attention is drawn to the fact that the Charity has prepared the accounts 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 �� and Republic of Ireland �FRS 102� in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters, other than those fully detailed below, have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act� or
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the accounts do not accord with those records� or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities �Accounts and Reports� Regulations 2008 other than any requirement that the accounts give a �true and fair� view which is not a matter considered as part of an independent examination.
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STREETSMART - ACTION FOR THE HOMELESS
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed:
Dated: 26 March 2024
S Brennan FCCA
Sopher+ Co LLP Chartered Accountants 5 Elstree Gate Elstree Way Borehamwood Hertfordshire WD6 1JD
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STREETSMART - ACTION FOR THE HOMELESS
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2023
| Note Income from: Charitable activities 3 Expenditure on: Charitable activities 5 Net movement in funds before other recognised gains�(losses) Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Restricted funds 2023 � 135,000 135,71� (71�) (71�) 27,�5� (71�) 26,7�0 |
Unrestricted funds 2023 � �0�,011 �17,100 (13,0��) (13,0��) 305,16� (13,0��) 2�2,0�0 |
Total funds 2023 � �3�,011 �52,�1� (13,�0�) (13,�0�) 332,62� (13,�0�) 31�,�20 |
Total funds 2022 £ 884,524 |
|---|---|---|---|---|
| 826,840 | ||||
| 57,684 | ||||
| 57,684 | ||||
| 274,944 57,684 |
||||
| 332,628 |
The notes on pages 9 to 16 form part of these financial statements.
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STREETSMART - ACTION FOR THE HOMELESS
BALANCE SHEET AS AT 31 MAY 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Current assets | |||||
| Debtors | 9 | 147,328 | 11,042 | ||
| Cash at bank and in hand | 334,996 | 361,856 | |||
| Current liabilities | 482,324 | 372,898 | |||
| Creditors: amounts falling due within one | |||||
| year | 10 | (163,504) | (40,270) | ||
| Net current assets | 318,82 | 332,628 | |||
| Total net assets | 318,820 | 332,628 | |||
| Charity funds | |||||
| Restricted funds | 11 | 26 740 | 27 459 | ||
| Unrestricted funds | 292,080 | 305 169 | |||
| Total funds | 318,820 | 332 628 |
The financial statements were approved and authorised for issue by the Trustees on 26 March 2024 and signed on their behalf by: lode has Surta
W Sieghart
(Chair of Trustees)
The notes on pages 9 to 16 form part of these financial statements.
STREETSMART - ACTION FOR THE HOMELESS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023
1. General information
Streetsmart - Action for the Homeless is a registered charity, number 1071657, and with registered office address at Rose Court 2 Southwark Bridge, London, SE1 9HS.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities S�RP �FRS 102� - 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 �� and Republic of Ireland �FRS 102� �effective 1 January 2019�, the Financial Reporting Standard applicable in the �� and Republic of Ireland �FRS 102� and the Charities Act 2011.
The financial statements have been prepared to give a �true and fair� view and have departed from the Charities �Accounts and Reports� Regulations 2008 only to the extent required to provide a �true and fair� view. This departure has involved following the Charities S�RP �FRS 102� published in �ctober 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Streetsmart - Action For The Homeless meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset�s use.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Charitable activities and Governance costs are costs incurred on the charity�s educational operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.
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STREETSMART - ACTION FOR THE HOMELESS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023
2. Accounting policies (continued)
2.3 Expenditure (continued)
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as commitment, but not accrued as expenditure.
2.� Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.5 Cash at bank and in hand
Cash at bank and 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.
2.6 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.7 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
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STREETSMART - ACTION FOR THE HOMELESS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023
3. Income from charitable activities
| Income from charitable activities Income from charitable activities |
Restricted funds 2023 � 135,000 Restricted funds 2022 £ 120,000 |
Unrestricte d funds 2023 � 804,011 �nrestricted funds 2022 £ 764,524 |
Total funds 2023 � �3�,011 |
|---|---|---|---|
| Total funds 2022 £ 884,524 |
�. Analysis of grants
| Grants to institutions Grants to institutions |
Grants to Institutions 2023 � 817,100 Grants to Institutions 2022 £ 703,731 |
Total funds 2023 � �17,100 |
|---|---|---|
| Total funds 2022 £ 703,731 |
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STREETSMART - ACTION FOR THE HOMELESS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023
Grant-making activities
The Charity has made the following material grants to institutions during the year:
| 2023 | 2022 | |
|---|---|---|
| � | £ | |
| Grants to institutions | ||
| Ace of Clubs | 30,000 | 5,000 |
| The Felix Project | 155,000 | 196,000 |
| Caravan Drop | 7,500 | 5,000 |
| Caritas Diocese Ramsbottom | 2,500 | 2,000 |
| Carlise �ey | 2,000 | - |
| C4WS Homeless Project | 5,000 | 5,000 |
| Doorstep | 5,000 | 10,000 |
| Glassdoor | 10,000 | 10,000 |
| Herts �oung Homeless Hertfordshire | 2,000 | 4,500 |
| House of St Barnabus | 20,000 | 10,000 |
| Impakt Housing | 2,000 | - |
| Julian House | 1,000 | - |
| Land Aid Essex | - | 1,500 |
| Land Aid Dorset | 3,000 | 4,000 |
| Llamau Wales | 1,000 | 400 |
| Land Aid London | 3�1,700 | 311,734 |
| Land Aid Bedford | 2,�00 | - |
| Land Aid Berkshire | 2,000 | 2,600 |
| Land Aid West Midlands | - | 21,416 |
| Land Aid Birmingham | 2�,000 | - |
| Land Aid Brighton | 11,200 | 4,600 |
| Land Aid Bristol | 15,700 | 13,000 |
| Land Aid Cambridge | 5,000 | 3,900 |
| Land Aid Cornwall | 5,000 | 5,100 |
| Land Aid Edinburgh | 1�,000 | 5,700 |
| Land Aid Glasgow | 2,000 | - |
| Land Aid Leeds � Bradford | 6,200 | 8,500 |
| Land Aid Manchester | 1�,500 | 12,000 |
| Land Aid Newcastle | 5,600 | 5,300 |
| Land Aid Norfolk | 2,000 | 5,000 |
| Land Aid Nottingham | 1,000 | 1,300 |
| Land Aid Northern Ireland | 1,200 | 1,100 |
| Land Aid �xford | 3,600 | - |
| Land Aid Wiltshire | 1,000 | 850 |
| Land Aid Hertfordshire | 3,500 | 6,400 |
| Land Aid Liverpool | 3,�00 | 3,500 |
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STREETSMART - ACTION FOR THE HOMELESS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023
| Leeds Hospitals Leeds � Bradford Manna London Manna House ��endall� Mayor of Manchester Charities New Hori�on �nly a Pavement Away �xford Grant Providence Row Robes Project The �ineyard Community Whitefield �Soup �itchen� 240 Project |
- 7,500 - 5,000 - 20,000 3,200 10,000 7,500 5,000 - 7,500 �17,100 |
3,331 5,000 500 8,000 10,000 1,500 - - - - 10,000 - |
|---|---|---|
| 703,731 |
5. Analysis of expenditure by activities
| Restricted and unrestricted funds Restricted and unrestricted funds |
Grant funding of activities 2023 � 817,100 Grant funding of activities 2022 £ 703,731 |
Support costs 2023 � 135,719 Support costs 2022 £ 123,109 |
Total funds 2023 � �52,�1� |
|---|---|---|---|
| Total funds 2022 £ 826,840 |
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STREETSMART - ACTION FOR THE HOMELESS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023
5. Analysis of expenditure by activities (continued)
Analysis of support costs
| Personnel costs �ther costs Personnel costs �ther costs 6. Governance costs Bank charges Accountancy fee |
Restricted funds 2023 � 80,469 55,250 135,719 Restricted funds 2022 £ 74,787 48,322 123,109 2023 � 102 2,250 |
Total funds 2023 � �0,�6� 55,250 |
|---|---|---|
| 135,71� | ||
| Total funds 2022 £ 74,787 48,322 |
||
| 123,109 | ||
| 2022 £ 94 2,250 |
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STREETSMART - ACTION FOR THE HOMELESS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023
7. Staff costs
The average number of persons employed by the Charity during the year was as follows:
| 2023 | 2022 | |
|---|---|---|
| No. | No. | |
| Project ativities | 2 | 2 |
No employee received remuneration amounting to more than £60,000 in either year.
�. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits �2022 - £NIL�.
During the year ended 31 May 2023, no Trustee expenses have been incurred �2022 - £NIL�.
�. Debtors
| 2023 | 2022 | |
|---|---|---|
| � | £ | |
| Due within one year | ||
| �ther debtors | 1�7,32� | 11,042 |
10. Creditors: Amounts falling due within one year
| �ther creditors Accruals and deferred income |
2023 � - 163,50� 163,50� |
2022 £ 2,871 37,399 |
|---|---|---|
| 40,270 |
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STREETSMART - ACTION FOR THE HOMELESS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023
11. Statement of funds
Statement of funds - current year
| Unrestricted funds Reserves Restricted funds Reserves Total of funds |
Balance at 1 �une 2022 � 305,16� 27,�5� 332,62� |
Income � Expenditure � �0�,011 (�17,100) 135,000 (135,71�) �3�,011 (�52,�1�) |
Balance at 31 May 2023 � 2�2,0�0 |
|---|---|---|---|
| 26,7�0 | |||
| 31�,�20 |
12. Related party transactions
During the year the Trustees paid fees of £39,000 �2022 - £35,750� to G Pougnet, the secretary of the Trustees.
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