Charity number: 1071657
STREETSMART - ACTION FOR THE HOMELESS
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
STREETSMART - ACTION FOR THE HOMELESS
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 4 |
| Independent Auditors' Report on the Financial Statements | 5 - 8 |
| Statement of Financial Activities | 9 |
| Balance Sheet | 10 |
| Notes to the Financial Statements | 11 - 18 |
STREETSMART - ACTION FOR THE HOMELESS
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MAY 2024
| Trustees | W Sieghart |
|---|---|
| R Boycott | |
| M Sturridge | |
| N Emley | |
| Charity registered number 1071657 Principal office Rose Court 2 Southwark Bridge London SE1 9HS Independent auditors 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 2024
The Trustees present their annual report together with the audited financial statements of the Charity for the year 1 June 2023 to 31 May 2024.
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.
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, including the guidance 'Public benefit: running a charity (PB2)'.
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 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 per room contribution.
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.
Achievements and performance
a. Main achievements of the Charity
The Charity’s main campaign has raised over £1miilion for the very first time. This major landmark is a testament to the hardwork of the fundraising team and the goodwill that exists towards Streetsmart and our cause in the hospitality sector.
Also, we have secured a further 5 year deal with our partner and sponsor LandAid who will continue to cover the majority of our costs for that period.
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STREETSMART - ACTION FOR THE HOMELESS
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024
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 £309,592 (2023 - £318,820). Donations were received in the year and paid out to various charitable organisations. Donations, including campaign and other donations, received amounted to £1,081,512 (2023 - £803,069). As mentioned above, the Trust received sponsorship amounting to £155,000 (2023 - £135,000) to cover it's running costs. Together with bank interest received the total incoming resources for the year amounted to £1,241,554 (2023 - £939,011).
Total expenditure amounted to £1,250,782 (2023 - £952,819). This is made up of direct charitable expenditure of £1,073,900 (2023 - £817,100) and management and administration costs of £176,882 (2023 - £135,719).
Note 10 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.
c. Financial risk management objectives and policies
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. In addition a trustee will assume role of treasurer to monitor the financial position of the charity on a regular basis not just at year end.
d. Risks and uncertainty facing the Charity
The charity’s success means that competing initiatives in the hospitality industry appear more and more which eats into the support it is used to receiving. Also, as technology changes the way individuals pay at restaurants this could jeopardize the way we collect donations. The hospitality industry faces spiraling costs due to minimum wage increases and business rate rises. Inevitably this will force some businesses into closure and others forced to pass onto consumer. This may result in fewer businesses able to take part as reluctance to add on further amounts to final bill.
Structure, governance and management
a. Constitution
Streetsmart - Action for the homeless is a registered charity, number 1071657, and is constituted under a Trust deed.
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.
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STREETSMART - ACTION FOR THE HOMELESS
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024
Statement of Trustees' responsibilities
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).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial 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);
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make judgments and accounting estimates that are reasonable and prudent;
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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 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 of fraud and other irregularities.
Disclosure of information to auditors
Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:
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so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are unaware, and
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that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charity's auditors are aware of that information.
Auditors
The auditors, Sopher + Co LLP, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.
Approved by order of the members of the board of Trustees on 26 March 2025 and signed on their behalf by:
W Sieghart Trustee
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STREETSMART - ACTION FOR THE HOMELESS
INDEPENDENT AUDITORS' REPORT TO THE OF STREETSMART - ACTION FOR THE HOMELESS
Opinion
We have audited the financial statements of Streetsmart - Action for the homeless (the 'Charity') for the year ended 31 May 2024, which comprise the Balance Sheet and the related notes, including a summary of significant accounting policies. 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:
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give a true and fair view of the state of the Charity's affairs as at 31 May 2024 and of its result for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Companies Act 2006; and
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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 Charity'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 Trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Auditors' Report thereon. 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.
In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are
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STREETSMART - ACTION FOR THE HOMELESS
INDEPENDENT AUDITORS' REPORT TO THE OF STREETSMART - ACTION FOR THE HOMELESS (CONTINUED)
required to report that fact.
We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Trustees' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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the Trustees' Report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Charity 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:
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adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of Trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit; or
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the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees' Report and from the requirement to prepare a Strategic Report.
Responsibilities of trustees
As explained more fully in the Trustees' Responsibilities Statement set out on page , the Trustees 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 Charity'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 Charity or to cease operations, or have no realistic alternative but to do so.
Auditors' 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 Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
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STREETSMART - ACTION FOR THE HOMELESS
INDEPENDENT AUDITORS' REPORT TO THE OF STREETSMART - ACTION FOR THE HOMELESS (CONTINUED)
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:
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the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
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we identified the laws and regulations applicable to the Charity through discussions with trustees and other management, and from our commercial knowledge and experience of similar Charities;
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we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the Charity, including the Charities Act 20211;
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we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
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identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the Charity’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
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making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;
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considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; and
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understanding the design of the Charity’s remuneration policies.
To address the risk of fraud through management bias and override of controls, we:
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performed analytical procedures to identify any unusual or unexpected relationships;
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tested journal entries to identify unusual transactions;
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assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
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investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
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agreeing financial statement disclosures to underlying supporting documentation;
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reading the minutes of meetings of those charged with governance;
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enquiring of management as to actual and potential litigation and claims; and
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reviewing correspondence with HMRC, relevant regulators and the Charity's legal advisors.
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 non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors 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.
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STREETSMART - ACTION FOR THE HOMELESS
INDEPENDENT AUDITORS' REPORT TO THE OF STREETSMART - ACTION FOR THE HOMELESS (CONTINUED)
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
Other matters
The financial statements of the Charity for the year ended 31 May 2023 were unaudited.
Use of our report
This report is made solely to the Charity'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 Charity's members those matters we are required to state to them in an Auditors' 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 Charity and the Charity's members, as a body, for our audit work, for this report, or for the opinions we have formed.
Sopher + Co LLP
Chartered Accountants Statutory Auditors
5 Elstree Gate Elstree Way Borehamwood Hertfordshire WD6 1JD
26 March 2025
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STREETSMART - ACTION FOR THE HOMELESS
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2024
| Note Income from: Charitable activities 3 Expenditure on: Charitable activities 4 Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Restricted funds 2024 £ 155,000 176,882 (21,882) 26,740 (21,882) 4,858 |
Unrestricted funds 2024 £ 1,086,554 1,073,900 12,654 292,080 12,654 304,734 |
Total funds 2024 £ 1,241,554 1,250,782 (9,228) 318,820 (9,228) 309,592 |
Total funds 2023 £ 939,011 952,819 (13,808) 332,628 (13,808) |
|---|---|---|---|---|
| 318,820 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 11 to 18 form part of these financial statements.
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STREETSMART - ACTION FOR THE HOMELESS
BALANCE SHEET AS AT 31 MAY 2024
| 2024 | 2024 | 2023 | ||
|---|---|---|---|---|
| Note | £ | £ | ||
| Current assets | ||||
| Debtors | 8 | 136,177 | 147,328 | |
| Cash at bank and in hand | 379,161 | 334,996 | ||
| 515,338 | 482,324 | |||
| Creditors: amounts falling due within one | ||||
| year | 9 | (205,746) | (163,504) | |
| Total net assets | 309,592 | 318,820 | ||
| Charity funds | ||||
| Restricted funds | 10 | 4,858 | 26,740 | |
| Unrestricted funds | ||||
| General funds | 10 | 304,734 | 292,080 | |
| Total funds | 309,592 | 318,820 |
The financial statements were approved and authorised for issue by the Trustees on 26 March 2025 and signed on their behalf by:
W Sieghart
The notes on pages 11 to 18 form part of these financial statements.
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STREETSMART - ACTION FOR THE HOMELESS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
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 SORP (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 UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK 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 SORP (FRS 102) published in October 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 2024
2. Accounting policies (continued)
2.4 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.
3. Income from charitable activities
| Restricted | Unrestricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2024 | 2024 | 2024 | |
| £ | £ | £ | |
| Income from charitable activities | 155,000 | 1,086,554 | 1,241,554 |
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STREETSMART - ACTION FOR THE HOMELESS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
3. Income from charitable activities (continued)
| Restricted | Unrestricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2023 | 2023 | 2023 | |
| £ | £ | £ | |
| Income from charitable activities | 135,000 | 804,011 | 939,011 |
4. Analysis of grants
| Grants to institutions Grants to institutions |
Grants to Institutions 2024 £ 1,073,900 Grants to Institutions 2023 £ 817,100 |
Total funds 2024 £ 1,073,900 |
|---|---|---|
| Total funds 2023 £ 817,100 |
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STREETSMART - ACTION FOR THE HOMELESS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
. Grant-making activities
The Charity has made the following grants to institutions during the year:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Ace of Clubs | - | 30,000 |
| The Felix Project | 196,500 | 155,000 |
| Caravan Drop | 7,500 | 7,500 |
| Caritas Diocese Ramsbottom | - | 2,500 |
| Carlisle Key | 1,000 | 2,000 |
| C4WS Homeless Project | 10,000 | 5,000 |
| Doorstep | 10,000 | 5,000 |
| Glassdoor | 10,000 | 10,000 |
| Herts Young Homeless Hertfordshire | 5,300 | 2,000 |
| House of St Barnabus | - | 20,000 |
| Impaxt Housing | 2,600 | 2,000 |
| Julian House | 4,000 | 1,000 |
| Land Aid Dorset | - | 3,000 |
| Land Aid Wales | - | 1,000 |
| Land Aid London | 603,400 | 381,700 |
| Land Aid Bedford | - | 2,400 |
| Land Aid Berkshire | 8,500 | 2,000 |
| Land Aid Birmingham | 25,000 | 24,000 |
| Land Aid Brighton | 2,000 | 11,200 |
| Land Aid Bristol | 17,000 | 15,700 |
| Land Aid Cambridge | 4,000 | 5,000 |
| Land Aid Cornwall | 3,600 | 5,000 |
| Land Aid Edinburgh | 9,000 | 14,000 |
| Land Aid Glasgow | 2,500 | 2,000 |
| Land Aid Leeds & Bradford | 10,000 | 6,200 |
| Land Aid Manchester | 24,000 | 14,500 |
| Land Aid Newcastle | 7,000 | 5,600 |
| Land Aid Norfolk | - | 2,000 |
| Land Aid Nottingham | 1,300 | 1,000 |
| Land Aid Northern Ireland | 2,600 | 1,200 |
| Land Aid Oxford | 3,000 | 3,600 |
| Land Aid Wiltshire | - | 1,000 |
| Land Aid Hertforshire | - | 3,500 |
| Land Aid Liverpool | 4,000 | 3,800 |
| Land Aid Hampshire | 2,500 | - |
| Manna London | 17,500 | 7,500 |
| Mayor of Manchester Charities | - | 5,000 |
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STREETSMART - ACTION FOR THE HOMELESS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
| Only a Pavement Away Oxford Grant Providence Row Robes Project The Vineyard Community 240 Project Choir With No Name Hackney Doorways London City Mission Peoples Recovery Shelter The Nation Under One Sky The Running Charity Greater Change Cheltenham Open Door Llamau (Wales) Harp (Essex) |
- - 7,500 7,500 - 5,000 7,500 7,000 5,000 7,500 5,000 10,000 8,000 5,000 4,100 500 500 1,073,900 |
20,000 3,200 10,000 7,500 5,000 7,500 - - - - - - - - - - - |
|---|---|---|
| 817,100 |
5. Analysis of expenditure by activities
| Restricted and unrestricted funds Restricted and unrestricted funds |
Grant funding of activities 2024 £ 1,073,900 Grant funding of activities 2023 £ 817,100 |
Support costs 2024 £ 176,882 Support costs 2023 £ 135,719 |
Total funds 2024 £ 1,250,782 |
|---|---|---|---|
| Total funds 2023 £ 952,819 |
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STREETSMART - ACTION FOR THE HOMELESS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
5. Analysis of expenditure by activities (continued)
Analysis of support costs
| Personnel costs Other costs Personnel costs Other costs 6. Auditors' remuneration Fees payable to the Charity's auditor for the audit of the Charity's annual accounts Fees payable to the Charity's auditor in respect of: All non-audit services not included above |
Restricted funds 2024 £ 94,072 82,810 176,882 Restricted funds 2023 £ 80,469 55,250 135,719 2024 £ 5,580 - |
Total funds 2024 £ 94,072 82,810 |
|---|---|---|
| 176,882 | ||
| Total funds 2023 £ 80,469 55,250 |
||
| 135,719 | ||
| 2023 £ - 2,250 |
7. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 May 2024, no Trustee expenses have been incurred (2023 - £NIL).
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STREETSMART - ACTION FOR THE HOMELESS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
8. Debtors
| Due within one year Other debtors 9. Creditors: Amounts falling due within one year Accruals and deferred income |
2024 £ 136,177 2024 £ 205,746 |
2023 £ 147,328 |
|---|---|---|
| 2023 £ 163,504 |
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STREETSMART - ACTION FOR THE HOMELESS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
10. Statement of funds
Statement of funds - current year
| Unrestricted funds Reserves Restricted funds Restricted Funds - all funds Total of funds Statement of funds - prior year Unrestricted funds Reserves Restricted funds Reserves Total of funds |
Balance at 1 June 2023 £ 292,080 26,740 318,820 Balance at 1 June 2022 £ 305,169 27,459 332,628 |
Income £ 1,086,554 155,000 1,241,554 Income £ 804,011 135,000 939,011 |
Expenditure £ (1,073,900) (176,882) (1,250,782) Expenditure £ (817,100) (135,719) (952,819) |
Balance at 31 May 2024 £ 304,734 |
|---|---|---|---|---|
| 4,858 | ||||
| 309,592 | ||||
| Balance at 31 May 2023 £ 292,080 |
||||
| 26,740 | ||||
| 318,820 |
11. Related party transactions
During the year the Trustees paid fees of £39,000 (2023 - £39,000) to G Pougnet, the secretary of the Trustees.
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