The Streetlight Trust Charity Name and Number The Streetlight Trust: registered charity number 1117789 Principal Addre55 1 Warners Ck)se, Great Brickhill, Milton Keynes, MK17 9BJ Trustees Revd M Adams Mr A J Barton Jreasurer) MrMJGale Revd I C Herbert (Chairman) MsMMLane Ms L Lynch Revd C McAllister Revd N J Taylor Professional Advisors Bankers.. Co-operative Bank plc, PO Box 101, 1 Balloon Street, Manchester, M60 4EP Independent Examiner." Mr O H Hennes Ilpage
Trustees Annual Report for the year ended 31 December 2024 The trustees present their annual report and financial statement for the year ended 31 December 2024. The financial statements have been prepared on a cash basis. Structure. Governance and Management The Streetlight Trust was established on 4 February 2006 under a twst 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 trustees. There were eight Trustees at the end of the year. New trustees are appointed by the existing Trustees. All new Trustees are appointed for an initial temi of three years. During the year, Mary Lane, Rev Crystsl McAllister and Rev Jim Taylor were reappointed as Trustees. We were also delighted to appoint Lian Lynch to join the Trustees in November 2024. 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 2024, three Trustee meeting were held including a strategy day. The Tnjstees dealt with other matters via e-mail. In future the Tnjstees expect to continue holding some of its meetings via Zoom in order to reduce carbon footprint. Objectlves and activitles 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 performance Street families in Metro Manila continued to find lrfe very tough as the Philippines. Kanlungan Sa ERMA the NGO that Streetlight supports, experienced significant demands upon it. One of the sad realities of the pandemic has been the explosive growth of online sexual exploitation in the Philippines. Kanlungan estimate that over of the children in their care have experienced some kind of online sexual exploitation. Kanlungan operates in the metro-manila area in the Philippines, and runs projects covering: 21Page
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-term residential care centre for street children who need coun5elling and support long term residential care and training centres, one for girls and one for boys; after care to reunite children with their families, provide educational assistance and help the parents take care of the children; social enterprises (a farni growing coffee in Cavite province, south of Manila) to provide employment opportunities for older boys. The grants made to Kanlungan are largely unrestricted to cover the core stsffing costs of the organisation, as well as utilities and food for the children. The trustees ensure that the public benefit stated in the Trusys objects are being achieved in several ways. Normally, the prime means is from visits to see Kanlungan's projects in action. In April 2024 several Trustees were able to visit tsking a group from the UK. The Trustees also kept in contact with Kanlungan via online attendance at staff devotions, and regular online and telephone communication. The Chair of StreetlighL lan Herbert, remains a member of the Board of Trustees at Kanlungan. The trustees are very conscious of the impact of climate change, especially on the world's poorest people, and now has a policy to carbon offset air travel. This will be done by any travellers to the Philippines on Streetlight business. The trustees are extremely grateful to all Streetlight's supporters. Thanks to modem technology we are able to bring our supporters into contsct with the stsff team at Kanlungan. In January 2024, we ran a "virtual tea" event with Sol Balbero the Executive Director of Kanlungan. This event was appreciated by all who attended. Reserves Policy The Trust regularly reviews its reserves policy. During the year, the reseNes level was maintained at £18,400 equal to two of the regular payments that are made every two months. The unrestricted cash balance at year end was £30,584 which is above the minimum reserve. The charity's cashflow is always at its highest in December, During 2024, the reserves did go below the minimum, but with a clear cashflow plan the charity was able to restore balances by the year end. Financial Review Detalls The fundraising environment was challenging across the sector in 2024. The diverse range of Streetlighys fundraising income streams helped the charity withstand these challenge5 better than many. 31Page
Financial erformance: income During the year, cash receipts totalled £72.773 (up 7% on 2023) and cash expenditure £67,708 (down 11% on 2023). As trustees, we have yet again been greatly encouraged by the remarkable generosity and commitment of our supporters. Thank you. Individual Regular giving totalled £18,457 (down 5% on 2023). The number of regular givers fell by 2 to 45 during the year. Indlvidual Single Giving totalled £16,337 (up 59% on 2023). This stream of giving does vary year on year because it is highly dependent on a small number of individuals who have been long-standing supporters of Streetlight. We are so grateful to you. Gift aid of £6,485 was claimed during the year, a 16% decrease on 2023. Fundraising events and activities grew substantially as the impact of Coronavirus lifted. Income was £14,605 (up 2% on 2023). Events ranged from the Christmas Ball in Bletchley, to a golf day, and brass band concerts. We were delighted that Kwon Sale partnered with Streetlight contributing £2,750 from their sales of good quality children's clothing, equipment and toys. Dlrert fancial support from churches amounted to £11,514 (down 11% on 2023). During the year. six churches provided direct financial support. We are grateful to all the churches for their financial and prayer support. We did not receive any legacy gifts in 202 Other giving remains unpredictable. In 2024, the total was boosted by two gifts from the Vera Outhwaite Charitable Trust. We are very gratefvl for their trust in Streetlight. Financial erformanc ex enditure During the year, remittances to Kanlungan sa ERMA totalled £60,480 (down 8% on 2023). Of the total in 2024. £58,900 was from unrestricted funds and £1,580 from restricted funds. Streetlight maintained its regular gwing of £55,200 to Kanlungan which is provided on an unrestricted basis to support staff salaries, rents, food and utilities. This funding is of great strategic value to Kanlungan as many grant funder will not fund general costs. Additional gifts were made, mainly to support Kanlungan staff costs. 41Page
The costs of fvndraising events and activities totalled £5,622 (down 24 % on 2023) This was partly a timing issue as the 2023 expenditure included some payments relating to the 2022 Ball. We are grateful to the team at Wilton Hall for their strong partnership with Streetlight and all their hard work Administrntion costs of £361 covered costs of child protection, and charges fro managing online payments. All of the remittances to the Philippines are now managed without bank charges thanks to the switch to Equals Money. All administration costs are covered by the Trustees, financial contributions. Travel costs of £1,246 were incurred by the Trust to part offset Trustee costs in visiting Kanlungan. The Trustees, policy that any travel costs must be more than funded by the Trustee5 pooled financial contributions to Streetlight remains in place. Lookin fopward 2025 will be a challenging year for Kanlungan. Our prayer is that Kanlungan staff will continue to be able to help children heal from trauma and unlock their inner, God- given, potential. The challenge for Streetlight will be to sustain and grow income against the continued backdrop of the cost-of-living challenge and the fragility of church finances. Streetlight has been blessed with very committed supporters and so we look forward to 2025 in faith. lan Herbert, Chair of Trustees, March 2025 51Page
CHARITY COMMISSION FOR ENGLAND AND WALES The streI1ght Tnst 111T189 Receipts and pa ments accounts CC16a For the perlod from 01Jan-24 31-Dee-24 To Section A Receipts and payments Unrestricted funds Restricted funds Endowment funds Tot41 funds Last year to th• nMrnst£ to th• hMr•¥t £ to th• nr•St £ t¢ tho £ A1 Recel Indiwdu81 Regular Giving Individual Singlg Giving Fundraising Events and Ac*lvRie8 Chur¢h Giviny Leg8CI88 Other Giving Other GiftA 18.097 15,177 14.605 11.514 18.457 16,337 14.605 11.514 19,457 10,295 14,305 12,931 5,375 5.375 88 7,751 6.395 Sub total{Gmss income for AR) A2 A88et and Inve8tmont sales, (800 tsble). Salo of 208 Bar¢lay• share• 71.163 1.61 72.773 67,947 Sub total 71.183 1.810 71773 68,189 A3Pa •nts RemlttBncgs to K8nlung8n Cost of Fundraisln Evont3 & Acbviti•$ Admln Costs Travd Co$ts 65.620 7.400 447 2.718 0.822 381 1,246 5,622 361 1,246 Sub total 128 67,708 76.110 A4 A88•t and Inve•tm•nt ur¢hase8, See table Sub total 78.1 Net of re¢•lpts/(p•ym•nts) AS Tran8fer8 between fund• A8 Cash fund8 la8t year end Cash funds thls year end 25,549 289 25,838 a0.3 33,835 31 CCXX R1 attounts {SS> 0910312025
Section B Statement of assets and liabilities at the end of the period Unrestricted Restrlcted funds funds to rwrest£ to nrest£ Endowmenl funds to noar8st £ Categories Details B1 Cash fund8 Cash at Bank 319 Total cash fun(ts 319 Unrestrlcted funds to ngjrnt £ Restrlctod funds to n9arest E Endowment funds to nr•t £ Details Fund to wthlch ••8Ot b•lo CurY•nt v41 tlonal Detslls C(*t {0Olonnl) Fund to whleh •i••t b•lo Details Cost {0Mlon) Currnnt valu• onal 84 Asset8 retalnod for th• ¢harlty'8 own u89 Fund to whlch Amount d on•1 Wh•n du• lonal Details B5 Llabllltlos Slled by one or trustses on behalf of all the trustees Dale of roval Print Name Androw James Barton lan Charl8s Herbert Its CCXX R2 accounts {SS} 0910312025
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the truste members of ckna Name The Streetlight Trust On accounts for the year ended 31 December 2024 Charity no (rf any) 1117789 Set out on pages ", emeri.ber tg In¢liJde the page numbers ol additional sheel*' Respective The charity's trustees are responsible for the preparation of the accounts. responsibilities of The charity's trustees consider that an audit is not required for this year trustees and examiner under section 144 of the Charits'es Act 2011 (the Charits"es Act) and that an independent examinats'on is needed. It is my responsibilty 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 was carried out in accordance with general Directions given examIneS statement by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented wth 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 audit, and consequently no opinion is given as to whether the accounts present a 'true and fairf view and the rèport is limited to those matters set out in tha statement below. Independent In connection with my examinab'on, no material matters have come to my 8xamln8¢s statement attention ") which gives me c2use to believe that in, any material SpeCt. accounting records were not kept in accordance with section 130 of the Charities Act or the accounts do not accord with the accounting records I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. ' Please delete the words in the bRckets rf they do not apply. Slgned: Name: Oliver Hemies Relevant professlonal qualification{s) or body (il any): Address: 18 Hamilton Lane, Bletchley, Milton Keynes, MK3 SLU IER December 2017
Section B Disclosure Only complete if the examiner needs to highlight matters of concem (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Give hete brief details of any items that the examiner wishes to disclose. IER December 2017