SCANNED REGISTERED COMPANY NUMBER: 03622494 (England and Wales) REGISTERED CHARITY NUMBER: 1078167 THE STREETLIFE TRUST LIMITED REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Rushions Chartered AcGounf2nts Avroe House Avroe CreSnt Blackpool Buslness Park Blackpool Lancashire FY4 2DP
THE STREETLIFE TRUST LIMED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustees Independent Examinerts Report Statement of Financial Activities BalanGe Sheel Cash Flow Statement Notes to the Cash Flow Statement Notes to the Financial Stalements 8 to 18 Detailed Ststement of Flnancial Aclivitles 19 to 20
THE STREETLIFE TRUST LIMED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, pSent their report with the financial stalements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting an(f Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accA)rdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effectiV8 1 January 2019). OBJECTIVES AND AcTIVlEs Objecllves and aims The trust is an Ecumenical Youth Work Charity, sponsored by the Blackpool Town Centre Churches, worf(ing with young people in the centre of the lown. In planning the activilies of the Twst for the year, the trustees have referred to the Charity Commission's guidance on public benefit and are satisfied they meel the requirements. The aims of the Trust, as laid down in Ihe Trust Document aie".- a) To assisl young people to reach full maturity as individuals. b) To improve their conditions of life. c) To help them reach their full physical. mental. emotional and spiritual potential based upon a Christian ethos ' Christian eth05 - Streetlife is run according to Christian principles. Its aim is to support young people through Christian love, care and concem, ieSpeCtive of individual beliets. Streetlife is part of the local churches servi to the local Gommunty. Stgtiificant activltles During 202312024 Streetlife was able to continue to provide a wa. safe space for vulnerable young people in Blackpool. Our Nightshelter remained open 24 hours a day and our day centre continued to be open every afternoon. Slreellife was able to extend its openlng hours to meet the increased demand and increased depth of need with additional funding from The National Lottery Million Hours Fundand Communty Fund, The Nightshelter Transfomiation Fund, Household Support Fund and The Angus Lawson Memorial Trust. This addltional funding along with the generous support of the local community has meant we have been able to provlde a critical SeIce for some of the mosl vulnerable young people in the country. Funding from Comic Relief and KFC has contlnued to support thè management of the day centre. Ensuring that we can provide 8 programme of meaningful aclivities for those young people accessing the service. Slreetlife was once again asked to be involved in filming and our work was featured in the main TV appeal in March 2024. Sl Martin's in the Field continue to fund Streellife to facilitate the Blackpool Wyre and Fylde Frontline Neork. This is an exlIent project providing local organisations with access to training, meetings and newsletters to share best practice and information to keep up to dale with curnt legislation and topics across the field of homelessness. Our in-house counsellor continued to support young people in lS1S providing a critical seNice. We thank Beavarbrooks for match funding this post in 2023124 We held our annual sleepoul on 271h March 2024 raising a great sum of £29,000. Over 100 local people slept outsid8 the Nightshelt8r to raise awareness about youth homelessness and funds for Streedife. This year we were once again joined by actress, Jodie Prenger. Huge thanks go lo her and also to Beaverbrooks for their continued support sponsoring the event as well as Blackpool Church for hosting and refreshments, NVS Services for providing Security and Vinci Building UK Ltd for providing the perimeter fencing. We are tremendously grateful to all those who slepl and along with their family, friends and colleagues for sponsoring them. streedife has once again provided support to the Changing Futures Programme by providing a link wot*er. This worker ensures that young people wilh complex needs do not fall through the net. They sUPPOrt them to develop Confiden and trust in local services so that they can access the support they need. The National Lottery Community Find awarded a grant for a three year partnership project, of which Streetlife is the lead organisalion. The Engage for Change project will provide four teams of youth workers to meet up with young people across Blackpool's deprived wards to help them to link into employmenl, education and training. The young people they will work with are the furthest away from the labour market and will need to take small steps towards engaging in meaningfvl aGtivity- The loe21 communty continue to be exEremely supportive of Streetlife's worf( and we are forever grateful to everyone who donates. volunteers and helps to promote our work. Local schools and faith groups have been extremely generous at harvest and Christnas once again. Local group5 and businesses also continue to support us for exarnple., Norbain, Rebellion, The Galleon, WaterEoo Music Bar, Poulton People's Choir, The Waterloo Women's Choir, Masonic lodges, The Cottage Chippy, Vintro Lounge, Union branches, March of the Mods and many, many more. We cannot dhe work we do without thls support. Page 1
THE STREETLIFE TRUST LIMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT R&SereS policy The charity operates a reseNes policy whlch aims to cover estimated closure Costs in the event that the charity has to cease its activities. The Trustees estimate that those costs could amount to £130,000. In addition, the Trustees consider il prudent to retain additional funds to ensure that, should a source of income not be immediately renewed. funds are available to cover short term operating costs until alternative funding is received. Such funds would enable the charity lo retain the services of experienced staff in the short tem. The Trustees consider that the reseeS in excess of £130.000 would cover such costs. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03622494 {England and Wales) Registered Charity number 1078167 Regl$tar8d office 48 Buchanan Street Blackpool Lancashire FY13LQ TNstees J D Rawlings KA Melia l Todd-chairman l McGawley M Crossley Treasurer Rev A J Dykes V Bamborough L A Crowe Andrews (appointed 24.4.231 Independant Examlner Chiislopher Calvert ACA Rushtons Chartered Accountsnts Avroe House Avroe Crescent Blackpool Business Park Blackpool Lancashire FY4 2DP Chief Executive MES J L Hugo This report has been prepared in accordance with the special provisions of Part 15 of the Companies Acl 2006 relating to small companies. Approved by order of the board of trustees on ...... and sign8d on its behalf by.. K Melia - Trustee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE STREEfLIFE TRUST LIMITED Independent examinerfs report to the trustees of The Streelllfe Trust Limited {'the Company'l I report lo the charity Injstses on my examination of the accounts of the Company for Ihe year ended 31 March 2024. Responsibilities and basls of report As the charivs trustees of the Company (and also its direclors for the purposes of company law} you are responsible for the preparation of the accounts In accordance wilh Éhe requirements of the Companies Act 2006 ('the 2006 ACV). Having satisfied myself that the accounls of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 {'the 2011 ACVI. In carying out my examination I have followed the Directions given by the Charity Commission under Section 14515) (bj of the 2011 Act. Independent examinerfs statement Since your charity's gross income exceeded £250,000 your examiner must be 2 member of a listed body. I can confirm that l am qualified lo undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of Ihe listed bodies. I have CL*mpleted my examinalion. I confirm thal no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act,. or the accounts do not acLord with those records,. or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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., or the accounts have not been prepared in accordance with the methods and principles of the Ststement of Recommended Practice for accounting and reporting by charities (applicable to charilles preparing their accounts in accordance wtth the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no olhar matters in connection with the examinalion to which alleniion should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Christopher Calvert ACA Rushtons Chartered Accountants Avroe House Avroe Crescent Blackpool Business Park Blackpool Lancashire FY4 2DP Date-...-..- Page 3
THE STREETLIFE TRUST LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 329,696 4,265 333,961 173.962 Charitable activities 161,527 332,907 494,434 573,069 Other trading activities 5.242 Total 491,223 337 172 828,395 752 273 EXPENDrruRE ON Charilable activities 224,739 461,166 685,905 681,250 Total 224,739 461 166 685,905 681,250 NET INCOME Transfers between funds 266.484 76,012} {123,994) 76.012 142.490 71,023 14 Net movement In funds 190.472 147,982) 142.490 71,023 RECONCILIATION OF FUNDS Total funds brought fOard 241,924 81,874 323,798 252.775 TOTAL FUNDS CARRIED FORWARD 432 396 33,892 466 288 323,798 The notes form part of these financtal ststements Page 4
THE STREETLIFE TRUST LIMITED BALANCE SHEET 31 MARCH 2024 2024 Tot21 funds 2023 Total fvnds Unrestricted funds Restricted funds Notes FIXED ASSETS Tangible assets 11 CURRENT ASSETS Debtors Cash at bank and in hand 12 88.946 364,399 88,946 398,291 23.755 322,049 33.892 453.345 33,892 487,237 345,804 CREDoRs Amounts falling due within one year 13 (20.9501 (20.950) (22.007} NET CURRENT ASSETS 432 395 466.287 323,797 TOTAL ASSETS LESS CURRENT LIABILITIES 432,396 33,892 466,288 323,798 NET ASSETS 432,396 33,892 466 288 323 798 FUNDS Unrestricted funds Restricted funds 14 432,396 33,892 241,924 81,874 TOTAL FUNDS 466 288 323,798 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year anded 31 March 2024. The members have not required the company to oblain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records Ihat comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the stste of affairs of the chaiitable company as at the end of each financial year and Of its surplus or deficit for each financial year in accx)rdance wilh the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. (b) These financial slatements have been prepared in accordance with the provision5 applicable to charilable companies subject to the small companies regime. ial statements were approved by the Board of Twstees and authorised for issue on - and were signed on its behalf by: The fina M Crossley - Truslee The notes forrn part of these financial statements Page 5
THE STREETLIFE TRUST LIMITED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating actlvltles Cash generalad from operations Net cash provided by operating activities 76,242 62,627 Change In cash and cash equivalents In the reporting period Cash and cash 8qulvalents at the beginning of the reportlng period 76,242 62,627 322.049 259 422 Cash and cash equivalents at the end of the reporting period 398,291 The notes form part of these financial ststements Page 6
THE STREETLIFE TRUST LIMITED NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 RECONCILIATION OF NET INCOME TO CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net income for the reportin9 period (as per the Ststement of Financial Aclivitiesl Adjustments for: {Increaseydecrease in d8blors Decrease in creditors 142,490 71,023 {65,1911 1,057) 5,052 Net cash provided by operatlons 76,242 62,627 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At 31.3.24 Net cash Cash at bank and in hand 322,049 76,242 398,291 322,049 76,242 398,291 Totsl 322,049 398,291 The notes fomi part of these financial statements Page 7
THE STREEfLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparing the flnanclal statements The financi21 statemenls of the charitable company. which is a public benefit entity under FRS 102, have been prapared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Chzrities: Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 leffeclive 1 January 2019)., Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Cornpanies Act 2006. The financial statements have been prepatEd under the historical cost convention. The financia1 statements are presented in Sterling (£}. Monetary values in the financial statements are rounded to the nearest £. Income All inujme is recognised in the Slaletnent of Financial Activities once the charity has entittement to the funds, it is probable that the income wll be received and the amount cAn be measured reliably. Expendlture Liabilities are recognised as expenditure as soon a5 there is a legal or constructive obligation committing the charity to that expenditure, il Is PTobable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Where costs cannot be directly attributed lo particular headings they have been allocated to activities on a basis consistent with the use of resour$. Tangible fixod assgts Depreciation is provided at the following annual rates in order to write off eaGh asset over its estimated useful life. Fixtures and fittings at variable rates on reducing balance Taxatlon The charlty Is exempl from Co0[all0n tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitabla objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charily. Restrictions arise when specilied by the donor or when fvnds are raised for particular restricted purposes. Further explanation of the nature and putpose of each fund i& included in the notes to the financial statements. Hire purchase and leasing commitments Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the periDd of the lease. Pension costs and other postwretirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the chanlable company's pension scheme are charged lo the Statement of Financial Activities in the period to which they relate. DONATIONS AND LEGACIES 2024 2023 Donat(ons Gift aid Housing Benefits other income Housing Benefit Backp8y 141,497 2,665 86,003 17,796 111,563 1,091 41,236 20.072 333 961 173,962 Page 8 contlnued...
THE STREETLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - conllnued FOR THE YEAR ENDED 31 MARCH 2024 OTHER TRADING ACTIVITIES 2024 2023 Fundraising events 5,242 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity Loitery, Reaching Communities General Fund Frontline NetWOTk St Martins in the Field Young Adder Comic Relief- Future Looking Good Transforming Shelter Household Support Fund Angus Lawson - Base Aftemoons Young Lived Experience Team Wamihub Blackpool Council Housing Support Funding Nelwo Million Hours Changing Ftrtures Beaverbrooks - Counsellor Lottery Cost of Living Grants Grants Grants Grants Grants Grants Grants Grants Grants Grants Grants Grants Grants Grants Grants Grants 117,171 41,141 34,997 174,500 52,063 49,100 20,000 13,700 17,500 25,530 5.000 21,867 161.527 34,957 23,560 100,000 15,000 500 10,000 73,500 10,OQO 65,390 494,434 573,069 Page 9 continued...
THE STRELIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 CHARITABLE ACTIVITIES COSTS Support costs (see note 6) Direct Costs Totals Lottery, Reaching Communities General Fund Frontline NeOrk Sl Martins in the Field Mills Nutrien15 Comic Relief- Future Looking Good Transforming Shelter Household Support Fund Young Lived Experience Team Wamihub Funding NeIk Million Hours Changing Futures Beaverbrooks Counsellor Lottery Cost of Living 4,540 12,009 28,130 2,613 206,417 4,693 1,688 5,397 15,392 12,899 15,365 169 21,867 3,665 6,732 240 6,600 7,153 218,426 32,823 1.688 25.160 100,662 22,956 15.365 70.329 21.867 9.965 73,500 20,621 65,390 19,763 85,270 10,057 70,160 6,300 66,768 20,381 58,790 382,168 303,737 685,905 SUPPORT COSTS Govemance costs Management Finance Totals Lottery, Reaching Communities General Fund Frontline Network Sl Martins in the Fiekl Mills Nutrients Comic Relief- Future Looking Good Transforming Shelter Household Support Fund Young Lived Experience Team Wannhub Funding Network Million Hours Changing Futures Beaverbrooks Counsellor Lottery Cost of Living 2.613 198.600 4,693 1,688 5,397 15.392 12.899 15,365 169 21.867 3.665 6.732 240 6,600 2,613 206,417 4.693 1,688 5.397 15,392 12,899 15,365 169 21,867 3,665 6.732 240 6,600 3,294 4,523 295,920 4,523 303,737 Page 10 continued...
THE STREETLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS - contlnued Support cost5. Included in the above, are as follows: Frontline Nebmork St Martins in the Field Lottery, Reaching Communitles General Fund Mills Nutrients Wages Social security Pensions Rent Rates and waler Insurance Light and heat Telephone Postsge and stationery Advertising Repairs & renewals Equipment Cleaning & sundry Motor & Travel Food Office equipment repairs Consultants Staff training T V LicEnce other costs Activities Bank charges Fundraising Plattomi Charges & Subscriptions Accountancy and legal fees 92,721 8,817 4,685 498 537 3,997 1,411 2,385 2,808 2,953 35,791 1,811 19,740 134 17 832 773 3,184 2,613 4,070 656 12,235 45 800 122 3,071 888 161 3,133 2,613 206,417 4,693 Comic Relief - Future Looking Good Young Lived Experienca Team Household Support Fund Transforming Shelter Wages Social security Pensions Rent Rates and water InsuTrn Light and heal Telephone Postage and stationery Advertising Repairs & renewals Equipment Cleaning & sundry Motor & Travel Food Office equipment repairs Consultants Staff training TV Licen 166 180 471 5,049 218 15,365 Carried forward 5,866 218 15,365 Page 11 conlinued...
THE STREETLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - ¢onllnu•d FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS . contlnued Comic Relief - Future Looking Good Young Lived ExperiencE Team Household Support Fund Transforming Shelter Brought foNtsrd Other costs Activities Bank charges Fundr8ising Plafform Charges & Subscriptions Accountancy and legal fees 5,866 9,526 218 12,681 15,365 813 5,397 15.392 12.899 Funding Neiwork Million Hours Changing Futures Warmhub Wages Social security Pensions Rent Rates and waler Insurance Light and heat Telephone Postage and stationery Advertising Repairs & renewals Equipment Cleaning & sundry Motor & Travel Food Office equipmenl repairs Consullanls Staff training T V Licence Oiher costs Activittes Bank charges Fundraising Plafform Charges & Subscriptions Accountantry and legal fees 4,243 4.576 195 209 1,306 1,409 12,011 549 3,698 836 169 1,037 1,198 678 319 169 21,867 6,732 2024 2023 Lottery Cost of Living Beaverbrook5 - Counsellor Total activities Total activities Wages Social security Pensions Rent Rates and water Insuran Light and heat Telephone 92,721 8,817 4,685 6,728 7,256 3.997 19,046 2.385 100,243 9,014 2.196 6.728 6,944 8,675 18.762 2.152 320 345 906 Carried forward 1,571 145.635 154,714 Page 12 continued...
THE STREETLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - Contlnued FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS . continued 2024 2023 Lottery Cost of Living Beaverbrooks Counsellor Total activities Total activities Broughl forward Postage and slalion8ry Advertising Repairs & renewals Equipment Cleaning & sundry Motor & Travel Food Office equipment repairs Consullanls Stsff training T V Licence Other costs Activities Bank charges Fundraising Plaiforrn Charges & Subscriptions Accountancy and18gal fees 1,571 145,635 2,808 3,806 35,791 7,692 19,740 907 15,583 3,184 2,613 6,974 656 49,040 1,491 161 154,714 2.494 1,600 30,213 4,882 17.689 2,523 6,863 3,050 2,154 17,708 477 84,982 22,653 182 240 1.650 3,379 3,133 4,523 2,972 8,106 240 303,737 363,262 NET INCOMEI(EXPENDITURE) Nel incomellexpenditurel Is stated after chargingl{crediting)- 2024 2023 Other operating18ases 6,728 6,728 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, ramuneralion or other beneffls for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees. expenses There were no 31 March 2023. trustees, expenses paid for the year ended 31 March 2024 nor for the year ended STAFF COSTS 2024 2023 Wages and salaries Social seGuiity costs Other pension costs 445,715 35,800 6,876 391,296 30,059 8,086 488,391 429,441 The average monthly number of employees during the year was as follows= 2024 2023 18 Charitable SeNIc8S Support Staff 21 No employees reiVed emoluments in excess of £60,000. Page 13 continued.-.
THE STREETLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 173,962 173.962 Charltable activities Lottery. Reaching Communities General Fund Frontline NeOrk St Martins in the Field Young Adder Comic Relief- Future Looking Good Transforming Shelter Household Support Fund Angus Lawson - Base Aftemoons Young Lived Experience Team Watmhub Blackpool CounGiI Housing Support Funding Neork Olher trading activities 117,171 117,171 41,141 34.997 174.500 52.063 49,100 20,000 13.700 17,500 25.530 5,500 21,867 5.242 41,141 34,997 174.500 52.063 49.100 20,000 13,700 17,500 25,530 5.500 21,867 Totsl 220,345 531,928 752,273 EXPENDITURE ON Charitsble aclivltles Grants Lottery, Reaching Communities General Fund Frontline Neort( Sl Martins in the Field Segelman Trust Mills Nutrients Young Adder Comic Relief- Future Looking Good TransfoTming Shelter Household Support Fund Angus Lawson - Base Aftemoons Young Lived Experience Team Blad(pool Council Housing Support 1,661 1.661 90,658 265,018 32,634 7,183 2,141 150,275 51,912 44,816 9,279 5,418 15,255 5.000 90,658 265,018 32,634 7,183 2,141 150,275 51,912 44,816 9,279 5,418 15.255 5,000 Total 268,820 412.430 681.250 NEf INCOMEI(EXPENDITURE) Transfers between fvnds (48.475> 89.221 119,498 89,221) 71,023 Nel movement in funds 40,746 30,277 71,023 RECONCILIATION OF FUNDS Total funds brought forward 201,178 51,597 252,775 TOTAL FUNDS CARRIED FORWARD 241,924 81,874 323,798 Page 14 continued...
ThE STREETLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - Conllnued FOR THE YEAR ENDED 31 MARCH 2024 11. TANGIBLE FIXED ASSETS Fixtures and fittings Long le8sehold Tolals COST Al 1 April 2023 and 31 March 2024 15,265 25,724 40,989 DEPRECIATION At 1 April 2023 and 31 March 2024 15,265 25,723 40,988 NET BOOK VALUE Al 31 March 2024 At 31 March 2023 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Prepayments and accrued income 88,946 23,755 13. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Social security and other taxes Accrued expenses 10,911 10,039 8,091 13,916 20,950 22,007 Page 15 continued..
THE STREEfLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - Contlnuéd FOR THE YEAR ENDED 31 MARCH 2024 14. MOVEMENT IN FUNDS Nel movement in funds Transfers belween funds At 31.3.24 At 1.4.23 Unrestricted funds General fund Mills Nutrients 240,289 1,635 267.332 {79,012) 428,609 3,787 241,924 266,484 (76.012) 432,396 Restricted funds Comic Relief Fund LloydslNationwide Loltery. Reaching Communities Frontline Network St Martins in the Field Young Lived Experience Team Transfomiing Shelter Household Support Fund Funding Neiwork Wartn Hub Beaverbrooks- Counsellor 119 3,331 7,154 12,973 745 2,234 7.921 21.867 25,530 119 3.331 {7,153} 2,134 {14.865} 3.963 {7,921 } (21.867) (67.664) 10,6211 15.107 1,221 6,197 15.341 50,050 10,621 7,916 81,874 123.994 76,012 33.892 TOTAL FUNDS 323.798 142.490 466,288 Net movement in funds. induded in the above are as follows.. Incoming resour Resources expended Movement in funds Unrestricted funds General fund Mills Nutiients 490,383 1223,051) 267,332 491,223 (224,739) 266,484 Restricted funds Lottery. Reaching Communilies Fronlline NeOrk St Martins in the Field Comic Relief- Future Looking Good Young Lived Experience Team Transforming Shelter Household Support Fund Funding Neknrk Wann Hub Changing Futures Beavert)rooks - Counsellor Lottery Cost of Living Million Hours 17,153) 132,823} 125,160) 115,365) 196,037) (22,921) {21,867) (70,329) (73,500) (20.621) {65.390) 10000) 17,153) 2,134 34.957 25,160 500 100.000 15,000 114,8651 3,963 (7.9211 (21,867) (67,664) 2,665 73,500 10,000 65,390 10.000 (10.621) 337.172 461.166 123,994 TOTAL FUNDS 828.395 685.905) 142,490 Page 16 continued...
THE STREETLIFE TRUST LIMrrED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 14. MOVEMENT IN FUNDS - contlnued Comparativas for movement in funds Net movement In funds Transfers bettvsen funds Al 31.3.23 At 1.4.22 Unrestricted funds Gener81 fund Mills Nulrients Blackpool Fulfilling Lives 195,802 776 4,600 (49,3341 859 93,821 240,28g 1,635 4,600) 201.178 (48,475) 89,221 241,924 Reslricted funds Comic Relief Fund LloydslNalionwide Lottery, Reaching Communities Frontline NeOrk Sl Martins in the Field Segelman Trust Young Adder Comic Relief - Futur8 Looking Good Blackpool Council Household Support Young Lived Experience Team Transfomiing Shelter Household Support Fund Funding Netsmork Angus Lawson - Base Afternoons Warn Hub 119 3,331 11.382 20.442 6,461 3.375 6.487 119 3,331 7,154 12,973 26,513 2,363 {7,183) 24,225 151 500 2,245 4,284 10,721 21,867 8,282 25,530 (30,741) 19,832) 722 (27,600) 16,638) (5001 11.5001 12,0501 12,800) 745 2,234 7.921 21,867 18,282) 25,530 51,597 119,498 89,221) 81,874 TOTAL FUNDS 252,775 71,023 323,798 Comparative nel movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrgstrlcted funds General fund Mills Nutrients 217,345 3,000 {266,679) (49,334) 859 220,345 1268,820) 148,475) Restricted funds Lottery, Reaching Communities Frontline Network St Martins in the Field Segelman Trust Young Adder Comic Relief - Future Looking Good Blackpool Council Household Support Young Lived Experience Team Transfoming Shelter Household Support Fund Funding Network Angus Lawson - Base Aflemoons Warm Hub 117.171 34.997 (90,658) (32,634) 17,183) 1150,275) (51,912) 15.0001 {15,2551 144,816) 19,279) 26.513 2,363 {7.183) 24.225 151 500 2,245 4,284 10,721 21.867 8,282 25,530 174,500 52,063 5,500 17,500 49,100 20,000 21,867 13,700 25,530 15.418) 531,928 412,430) 119,498 TOTAL FUNDS 752,273 681,250) Page 17 continued...
THE STREETLIFE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - conlinu6d FOR THE YEAR ENDED 31 MARCH 2024 15. RELATED PARTY DISCLOSURES There were no related paty transactions for Ihe year ended 31 March 2024. 16. RESTRICTED FUNDS Restricted funds are monies received for which the use is restricted for a particular purpose. Restricted funds of the Streetlrfe Trust and their purpose are as follows:. Lottery, Reachlng Communities Concluded successfully in April 2023. Frontllne Network Now in year 2 of a further 3 years funding, continuing to enhance communications between frontline w0erS and agencies by way of Workshops, monthly meetings, annual conference and regular newsletters. Comic Relief- Future Looklng Good A project that provides adVacY and personal development opportunities for those hardest to reach,. with a focus on reforming adverse childhood experiences. This is due lo finish 31st October 2023. Blackpool Council Household support funds A further £5000 was awarded in June 2023 followed by £IOOOO in OGlober 2023 to halp keep the Base open every aftemoon of the week, topping up our extra heating cosls, contributing to food supplies and a contribution lo staffing. Thus enabling young people to have a contlnuous safe warm place and hot cooked meals. Young Llved ExperienGa Team - October 2022 initially for 1 year Changing Futures funding for Y-LET to bring opportunities of volunteering to Ihose who have experfenced multiple disadvantages aged 18-30. Empowering young people to develop the skills and knowledge to support, link and engage young people currently experiencing multiple disadvantages back inlo 8eNices. Transfornilng Shelter Department for Levelling up, Housing and Communities {DLUHC) granted fvnding for 2 years 5 months starting in November 2022. To employ 3 support wothers and a night shelter manager enabling the shelter to open 2417 pvIdIng 1-1 support and a safe, secure wami place for vulnerable Young People. Fundlng Network Funding to provide a bursary for the Y-LET volunteets to be able to aGtively participala in the programme and to help remove any barriers so they are able to engage fully. Warm Hub We have received various pots of money lo halp us contlnue to open the B8s8 WaTh Hub, 7 afternoons a week. These funds were not technically restricted but awarded to us to be put to best use. apart from the Blackpool Council Household support fund as mentioned separatety. Transfers between funds A transfer is made from reslricied fijnds lo unrestricted funds to cover any conlributions towards general overheads. A transfer is made from unrestricted funds to restricted funds to fAiver any shortfall in funding projects. Page 18
THE STREETLIFE TRUST LIMITED DEfAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Totsl funds Unrestricted fijnds Restiicted funds INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Housing Benefits other income Housing Benefit B8ckpay 139,897 1,600 2,665 141,497 2.665 86,003 17,796 86.000 111,563 1,091 41,236 20,072 86.003 17,796 86,000 329.696 4,265 333.961 173,962 Other trading activities Fundraising events 5,242 Charitable actlvltles Grants 161.527 332.907 494,434 573.069 Total Incoming resource5 491,223 337,172 828,395 752,273 EXPENDITURE Charilable activities Wages Social security Pensions 6,030 7,051 1,072) 346,964 19,932 352.994 26,983 2,191 291,053 21,045 5,890 12,009 370,159 382,168 317,988 Support costs Management Wages Soci21 security Pensions Rent Rates and water Insurance Light and heat Telephone Postage and statsonery Advertising Repairs & renewals Equipment Cleaning & sundry Motor & Travel Food Office equipment repairs Consultants staff training T V Licence Other costs Activities 92,721 8,817 4,685 92,721 8,817 4,685 6,728 7.256 3,997 19,046 2.385 2,808 3.806 35,791 7.692 19.740 907 15,583 3.184 2,613 6,974 656 49,040 100,243 9.014 2.196 6.728 6,944 8.675 18,762 2,152 2,494 1,600 30,213 4,882 17.689 2.523 6.863 3,050 2.154 17,708 477 84,982 22,653 6,728 7,256 3.997 19.046 2.385 2.808 2,953 35,791 1,811 19.740 134 853 5.881 773 15.583 3.184 2.613 4.870 656 17,748 2,104 31,292 1,491 204,913 91,007 295,920 352,002 Finance Bank charges Carried forward 161 161 161 161 182 182 This page does not fonn part of the statutory financial statemenls Page 19
THE STREETLIFE TRUST LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Flnance Brought forward Fundratsing Platfonn Charges & Subscriptions 161 3,133 161 3.133 182 3,294 3.294 3,154 Governance costs Accountancy and legal fees 4.523 8.106 Total resources expended 224,739 461,166 685,905 681,250 Net income 266,484 123 9941 142,490 This page does not form part of the statutory financial statements Page 20