The Streetlight Trust Charity Name and Number The Streetlight Trust registered charity number 1117789 Principal Address 1 Warners Close, Great Brickhill, Milton Keynes, MK17 9BJ Trustees Revd Canon M Adams Mrs H Adams (Resigned 3 October 2020) Mr A J Barton (treasurer) MrMJGale Revd I C Herbert (Chairman) MsMMLane Revd C McAllister Revd N J Taylor Professional Advisors Banker5 ." Co-operative Bank pl4 PO Box 101. 1 Balloon Street Manchester, M60 4EP Independent £xamlner.' Mr O H Hermes
Trustees Annual Report for the year ended 31 December 2020 The trustees present their annual report and financial statement for the year ended 31 December 2020. The financial statements have been prepared on a cash basis. Structure. Governano and Management The Streetlight Trust was established on 4 February 2006 under a trust deed. The charity is constituted as a Trust The trust is managed by the trustees. There are no staff employed by the Trust. The trust deed provides for a minimum of three tnjstees. There were seven Trustees at the end of the year. New trustees are appointed by the existing Twstees. All new Trustees are appointed for an initial term of three years. During the year. Mark Adams, Helen Adams, Malcolm Gale and lan Herbert were reappointed as Trustees. Later in the year, Helen Adams resigned as a Tnjstee. We are very grateful for all of Helen's hard work as a Trustee and her long-stsnding, dedicated, support for StreetlighL At trustees, meetings. the strategy for Streetlight is agreed, finances and fundraising are reviewed, along with the achievements being made with the funds provided to Kanlungan. During 2020. four Trustee meeting were held by Zoom. The Trustees dealt with other matters via e-mail. In future the Trustee5 expect to have one face to face meeting a year and conduct the rest of its meetings via Zoom in order to reduce our carbon footprint Objectives and activities for the Public Benefit The objects of the Streetlight Trust as set out in its trust deed are "to improve the lives of the poorest and most vulnerable children and their families in the Philippines by making grants of money available to non-governmental organisations {NGO's) operating with a Christian ethos.- The Trustees have paid due regard to the Charity Commission's guidance on public benefit in deciding what activities the charity should undertake. Achievements and perforniance 2020 was a highly significant year for Streetlight The impact of Coronavirus created huge demands on the NGO that Streetlight supports (Kanlungan sa ERMA Ministy 5nc). Kanlungan needed additional support to enable it to respond to three emergencies (Taal Volcano. Coronavirus and Typhoon Ulysses) and sustain its regular programmes. Streetlight's own funding came under severe pressure because of the cancellation of most of the charity's fundraising events. We had to pivot our fundraising efforts 21Page
towards individual giving and our first ever Christmas Appeal. This was a matched giving appeal (with the pledge fund provided by five Streetlight donors). To maximise the impact of the Christmas Appeal, we relaunched our website and created a simple, easy. donation experience enabling people to give using a variety of giving mechanics including Apple Pay. We are grateful to Anna Barton for creating a modern, vibrant website design at no charge to StreetlighL KanlL6ngan operates in the metro-manila area in the Philippines, and njns projects covering.. street education and child protection for street children,. day centres for street children living in urban slums, where children can get an education and a meal: a temporary shelter and short-temi residential care centre for street children who need counselling and support long term residential care and training centres, one for girfs and one for boys- after care to reunite children with their families, provide educational assistance and help the parents tske care of the thildren.. social enterprises to provide employment opportunities for older children. Because of the impact of Coronavirus, the coffee shop in the heart of Manila had to be closed during the year. The farm growing coffee in Cavite province, south of Manila remains open. The grants made to Kanlungan are largely unrestricted to cover the core staffing costs of the oiganisation, as well as utilities and food for the children. During the year a number of restricted grants relating to three emergency responses ITaal Volcano, Coronavirus and Typhoon Ulysses) were made. These are described more fully below. The trustees ensure that the public benefit stated in the Trust's objects are being achieved in several ways. Nomially, the prime means is from visits to see Kanlungan's projects in action. These were not possible in 2020 because of Coronaviru5. Instead, Kanlungan's Executive Director attended several of the Trustees meetings via Zoom. The Trustees receive reports from Kanlungan and there is regular online and telephone communication with the organisation. The trustees are very conscious of the impact of climate change, especially on the world's poorest people. We discussed how we can best mitigate the carbon impact of travel to the Philippines to see Kanlungan's projects in action. The Trustees have agreed a policy to carbon offset air travel with Climate Stewards who support tree planting and other carbon mitigation projects in Uganda. Ghana and Mexico. Resems Policy The Trust regularly reviews its reserves policy. During the year, the reserves level was maintained at £18,4(K) equal to two of the regular payments that are made every two months. 31Page
In September, the reserves did temporarily dip below the minimum stipulated in the F)olicy. This was because of the need to make additional grants to enable Kanlungan to respond to the Coronavirus crisis. The matter was discussed by the Trustees and wa5 approved given that there was a clear plan in place to build reserves back The cash balance at year end was well above the minimum reserve at £37,045, split £36,846 in the Unrestricted Fund and £199 in the Restricted Fund. The Trust also held 208 Barclays shares at a market value of £305. The shares had been left to Streetlight as a legacy gifL Financial Review Details Coronavirus made 2020 a year like no other. Vtith the exception of the Annual Golf Day, all fundraising events were cancelled. However, individual support for the charity was amazing. In particular, there was fantastic support for our first ever Christmas Appeal which surpassed all expettations. We are truly grateful to all those who have supported Streetlight during this challenging time. Financial erformance= income During the year, cash receipts totalled £70,311 (down 17% on 20191 and cash expenditure £79,249 (up 13% on 20191. Underlying income (excluding Gift Aid) was only down 6% (from £66,329 to £62,401) which was a remarkable achievement in a year dominated by the CoronaviTUS. As trustees, we have yet again been greatly encouraged by the remarkable generosity and commitment of our supporters. Indlvidual Regulargiving totalled £19,425 (down 5% on 2019). The number of regular givers dropped slightly to 47 during the year. Individual Slngle G(ving totalled £29.15 (up an amazing 93% on 2019). This is largely explained by the emergency Christmas Appeal which raised £22,462 from individuals. We are so thankful for the generous response to the Appeal which surpassed all expectation Gtft aid of £7,910 was claimed during the year, a big drop on 2019, explained by the fact that the Gift Aid claim in 2019 covered years. Fundrnis¢ng events and activities were decimated by Coronavirus. Income of £1,147 was 92% down on 2019. Most of our main events with the exception of the Golf Day were cancelled. But we are grateful to the Nightingale family whose lockdown plant stall raised £855. Dirert finoncial support from churches amounted to £1 1,656 {down 1 S% on 2019) During the year, eight churches provided direct financial supporL three fewer than in 2019. We are grateful to all the churches for their financial and prayer support 41Page
We did not receive any legacy gifts (n 20201£1,366 received in 2019). Other giviry totslled £449 (down 65% on 2019). One highlight was raising £66 from Amazon Smile! A further £720 of other Income was received. These were refunds on flights that had been booked in 2019 for Trustee visits in 2020 that had to be cancelled because of Coronavirus. Financial erformance= ex enditure During the year, remittances to Kanlungan sa ERMA totalled £78,937 (up 23% on 2019). Of the totsl in 2020, £75.024 was from unrestricted funds and £3,912 from restricted funds. Streetlight maintained its regular gimng of £55.2 to Kanlungan which is provided to support staff salaries, rents, food and utilities. Additional gifts were made to support various emergencies. The main gifts were needed to support Kanlungan's Coronavirus response. mainly food provision for street communities whose incomes were decimated by the impatt of strirt lockdowns in Manila. Gifts were also made for emergency response to the Taal Volcano eruption which affected the Kanlungan farm and boys home, and to Typhoon Ulysses which had a devastating impact on a number of the street communities on Manila served by Kanlungan. The grants from unrestrFrted funds included bank charges on the money transfers amounting to £317). There were no costs of fvndraisin9 events and ortivities during the year as the Christmas Ball in Bletchley was cancelled. Administmtlon costs of £312 covered costs of child protection and charges relating to the costs of processing gifts on the new website. (Costs for the new website content management system will be paid in 2021). All administration costs are covered by the Trustees. financial contributions. There were no tmvel costs incurred by the Trust given the cancellation of all wsits because of Coronavirus. The Trustees, policy that any travel costs must be more than funded by the Trustees pool financia contributio to Streetlight remains in place. lan Herbert Chair of Trustees. March 2021 SIPage
CHARITY COMMISSION FOR ENGLAND AND WALES Tre StiwUtgFrt Tnmt 1117789 Recei tsand ments accounts CC16a Forth• period 01-ja20 To 31.Oec-20 Section A Receipts and payments Unrestricted funds Restricte funds Endowment Total funds Last year Al Racei Individual RegularGiVI IndiYi(fual Single GivirvJ Fundraising Events tieS Church Giving LegaGi Other GNing Other Gift 19.065 19,425 29.006 1,147 11,656 20.409 15.lJ45 14,385 t3.755 1,366 1,294 75 18,642 9,876 1.7 216 71 7.739 720 7.910 ross Income or ARJ 4942 70.312 84.971 etan nvegtment sa 66, 70.312 84.971 A3Pa mènts Rernittans lo KanlurvJan Cost ol Fundrai*ng EV & Acbvpbes Admin Costs Travel Cos 7S,024 3.912 64370 2,997 62 312 312 Sub total 76.337 3.912 79.249 70,077 A4 Asset and investment Sub total 75.337 3.912 79249 70.077 Net of reiPtsI(p&ymOnts) A5 Transf•rs between funds A6 Cash funds last y•ar ¢nd Cash funds this year end 8.967 8.937 14.894 45,983 37.046 19 45,983 CCXX R1 8(tounts Issi 23102r2027
Section B Statement of assets and liabilities at the end of the period Unrestsicted funds Restricted funds to nBar4St£ Endowment tunds Cale9orfes Detal 81 Cash funds athat Bk Total cash funds 199 Unrestiicted funds Restrlctsd funds to wrest£ Endowment funds to ntrarest£ Detslls Fund to which Current value onal Details Costloptiona 305 Furn1 to Whkh Yr•ntV81uè onal Details Cost lopllon•ri B4 Assets retain8d for the charity's own use FuThl towhich Amount du• Wh&n du• Details B5 Liabilitie8 Sun8(* by one orts Irtrste•s on behalf of all the trustees Date of roval Signature Pmt Name 03 lan Char185 Hethrt CCXX R2 acujunts ISSI
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Chanty Na The Streetlight Trust On accounts for the year ended 31 Dember 2020 Charity no (If any) 1117789 Set out on pages Respective The charity's trustees are responsible for the preparation of the accounts. responsibilities of The charity's trustees consider that an audrt is not required for this year trustees and examiner under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to= examine the accounts under section 145 of the Charities Act. to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145{5)(b) of the Charities Act, and to state whether particular matters have come to my attention. Basis of independent My examination VRS carried out in a¢COrdan wrth general Direcions given examinorfs ststement by Ihe Charity Commission. An examinats'on indudes a review of the accounting records kept by the chartty and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audrt, and consequently no opinion is given as to whether the accounts present a 'true and fairf view and the report is limited to those matters set out in the statement below. Independent In connection Wth my examination. no material matters have come to my examiner's ststement attention ") which gives me cause to believe that in. any material respect: accounting records were not kept in accordan with section 130 of the Chartties Act or the accounts do not accord with the accounting records I have come armss no other matters in connection with the examination to which attention should drawn in order to enable a proper understanding of the accounts to be reached. . Please delete the wonys in the brackets rfthey do not apply. Signed: Date: ZI Name: Oliver Hemi8S Relevant professional qualification(sl or body (if any): Address: 18 Hamimon Lane, Bletchtey, Milton Keynes, MK3 SLU IER December 2017