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- > ae sa Oe, $ .% se xt : ry \W A. — rd : 4 , J 7 ~~ | , \ a = S _ -~ + ee Ses Sr SN / : eu - 2 = > - J , 3 : = aa i. y - rf Fr, a i aq = = f — ™ ANNUAL REPORT and financial statements en For the year ended 31 March 2023 ee ae ee e Registered Charity no: 1128536 Registered Company no: 06749574 (England and Wales) © **Street Child** ## CONTENTS About Us ............................................................................................................................................1 From our CEO and Founder..................................................................................................................3 Our 2022/23 Highlights .....................................................................................................................4 Programme Highlights: Ukraine....................................................................................................................................6 Afghanistan.............................................................................................................................8 West Africa............................................................................................................................10 Strategic Review: Our Programmes: SAFE........................................................................................................12 Our Programmes: IN SCHOOL ..............................................................................................16 Our Programmes: LEARNING ...............................................................................................20 Local Leadership....................................................................................................................24 Rapid Response.....................................................................................................................26 Fundraising, Communications & Media Activity Events ...................................................................................................................................28 Corporate Partnerships ....................................................................................................... 32 Philanthropy........ ................................................................................................................ 38 Media .................................................................................................................................. 40 Financial Review ...............................................................................................................................42 A Final Word from our Founder and CEO and our Future Plans ......................................................44 Key Risks.. .........................................................................................................................................46 Structure, Governance & Management ..........................................................................................48 Statement of Trustees’ Responsibilities ...........................................................................................50 Auditor’s Report ..............................................................................................................................52 Consolidated Statement of Financial Activities ..............................................................................57 Group Balance Sheet .......................................................................................................................58 Charity Balance Sheet ......................................................................................................................59 Consolidated Statement of Cash Flows ..........................................................................................60 Notes to the Accounts .....................................................................................................................61 Legal and Admin Information ...........................................................................................................77 ## ABOUT US ## **Street Child is one of the world’s fastest-growing international children’s charities, established in 2008.** At Street Child, we believe every child deserves to be safe, in school, and learning, even and especially, **in low resource environments and emergencies.** We work with an expanding network of 150+ local organisations. A focus on the power and purpose of inspirational local level organisations sits at the heart of all we do – and has done so since our first partnership in Sierra Leone in 2008. Today Street Child works across **more than 20 countries in sub-Saharan Africa, Asia, and Europe.** We are experts in education, economic empowerment, and protection programming. Our interventions are integrated to confront challenges, assuring safety as we afford access to schooling. We seek out situations where there are gaps between significant need, in-time assistance and available funding and, as such, are often one of the only organisations supporting children in these tough circumstances. We prioritise children in the most marginalised populations and those most likely to be left behind. ## **We move towards, not away from crisis.** SINCE 2008 WE HAVE IMPACTED 1,057,534 CHILDREN THROUGH OUR EDUCATION, CHILD PROTECTION AND LIVELIHOODS PROJECTS. IN DOING SO WE HAVE GIVEN SINCE 2008 WE HAVE IMPACTED THEM MORE CONTROL OVER THEIR FUTURES. 1,057,534 CHILDREN THROUGH OUR EDUCATION, CHILD WITH YOUR VALUED SUPPORT WE WILL CONTINUE TO MAKE A DIFFERENCE TO PROTECTION AND LIVELIHOODS THE LIVES OF MILLIONS MORE CHILDREN. PROJECTS. IN DOING SO WE HAVE GIVEN THEM MORE CONTROL OVER THEIR FUTURES. WITH YOUR VALUED SUPPORT WE WILL CONTINUE TO MAKE A DIFFERENCE TO THE LIVES OF MILLIONS MORE CHILDREN. STREET CHILD ANNUAL REVIEW 1 **Participants from our Marginalised No More Programme in Nepal.** © **Street Child** ~~ Primary School girls in a i
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STREET CHILD ANNUAL REVIEW 9 ## MAJOR PROGRAMME SPOTLIGHT 3. WEST AFRICA _This past year, with two new donors, we have established three new projects in Street Child’s West African heartland to ensure even more children across the region were in school and learning._ **----- Start of picture text -----**
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## **“Education for Every Child Today” (EFECT) in Liberia, Nigeria, Sierra Leone** In partnership with Education Above All’s Educate A Child (EAC) programme, with support from the Qatar Fund for Development, we aim to place and retain **96,000 primary-school-aged children** in quality primary education across the three countries by 2026. We established and **resourced 50 temporary learning centres** in north-east Nigeria for displaced and conflict-affected children and we have started classroom construction in Liberia (15 completed) and Sierra Leone (75 on track). The project takes a holistic approach to tackling the barriers that prevent children attending school, and at the end of the first year we have enrolled **16,500+ out-of-school children, 50% of which are girls,** in quality primary education, with thousands more primed to enrol for the next school year. ## 16,500 children enrolled in school for first time in year one **----- Start of picture text -----**
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10 ## WEST AFRICA ## **Education Outcomes Fund in Ghana and Sierra Leone** Hosted by the World Bank and backed by UKAid, the Education Outcomes Fund (EOF) is putting focus on outcomes and, to drive innovation and efficiency, only paying organisations if targets are met. Despite having no prior presence in Ghana, Street Child were thrilled to be awarded contracts to operate two of the six geographic regions of the inaugural EOF programme in Ghana, the largest payment-by-results programme in the education sector in Africa. In July 2022, we established our presence in Ghana for the first time, with the Ghanaian Ministry of Education; and in November 2022 we completed contracting with the Ghanaian Ministry of Education and immediately commenced operations. Street Child are leading a consortium with local NGO SEND as the principal partner supported by Montrose and Chances for Childhood, on a project in the country’s north delivering two connected programmes. Firstly there is The Mainstream School Improvement Programme (MSIP) working in 200 schools to improve pupils’ literacy and numeracy test scores, particularly girls; secondary there is the Accelerated Learning Programme (ALP), working with 20,000 out-of-school children (again particularly girls) to improve literacy and numeracy test scores, to successfully transition children to formal school, and retain those children for at least 2 years. 3 West African government partnerships to learning for 160,000+ children **----- Start of picture text -----**
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11 ## programme overview; safe, in school and learning ## 1. SAFE _**All children have the right to be safe and safeguarded from risks,** especially those that affect their ability to attend school._ _**Street Child protects children from harm,** including exploitation, neglect, and violence; and we actively work to strengthen protection mechanisms and rights awareness within communities. Safety extends to health crises, including_ _**mental health and psychosocial support,** and covers_ _**protection needs in the aftermath of conflict** for children and caregivers._ ## BUILDING PROTECTIVE ENVIRONMENTS - DEMOCRATIC REPUBLIC OF CONGO Street Child launched a response in April 2022 to the needs of conflict-affected children and caregivers in the Eastern Province of South Kivu. Partnering with the European Commission for Humanitarian Aid (ECHO) and OXFAM. The programme delivers community-led protection services combined with cash transfers as well as health, hygiene and sanitation support for a holistic response. The integration of resilient water and waste management for schools and communities supports our growing focus on the impact of climate change. Street Child secured further funds to address the needs of conflict-affected children and caregivers in North Kivu, again in partnership with ECHO, and also Tearfund. From July 2023, this programme will provide protection services and support for 33,202 caregivers and children, creating safe and stable spaces for children to play, promoting community awareness of the prevention of protection risks, and providing tailored support, via case management, in the localities of Kayna and Kibirizi. ## FOCUSING ON TAILORED CARE - MOZAMBIQUE Street Child launched a response in January 2023 for conflict-affected children and caregivers in 16 communities across Balama, Mecufi, Mueda, and Palma. The programme provides tailored case management to 8,000 children, critical support services to 68,000 displaced caregivers and children (focusing on inclusion of girls and children living with disabilities), as well as training 540 adults as alternative caregivers for Unaccompanied and Separated Children (UASC). The programme is our largest today in Mozambique and marks a further expansion of our partnership with UNICEF. **Children in The Democatic Republic of the Congo practise maths © Street Child** . CA STREET CHILD ANNUAL REVIEW 12 ## SAFE ## PREVENTING PROTECTION RISKS AND PROVIDING PROTECTION SERVICES - UKRAINE Street Child launched a comprehensive child protection programme in December 2022 to improve awareness of protection risks and provide protection services and support for 25,000 children aged 3 to 18 in Chernihiv, Chernivtsi, Donetsk, Ivano-Frankivsk, Kharkiv, Kyiv, Odesa, Sumy, and Zaporizhzhia. To reach those in most need, the programme has prioritised areas most at risk of being cut off from receiving assistance (i.e. close to the contact lines and areas that have been de-occupied) and uses a decentralised model to reach remote and rural areas of Ukraine. The programme intensifies support and services across categories of increasing vulnerabilities—including children at significant risk of separation from their caregivers, and those who have been separated from their caregivers and are at risk of exploitation and violence. The children and their caregivers are receiving lifesaving, life-sustaining information to promote awareness of protection risks and prevent protection violations (including prevention of sexual abuse and exploitation and separation from caregivers). ## PROTECTIVE RAPID RESPONSE - AFGHANISTAN In November 2022, Street Child concluded a comprehensive programme of psychosocial support and protective services for 23,002 conflict and crisis-affected children across Badakhshan, Baghlan, Bamyan and Daikundi. The programme increased access to counselling and case management services for children separated from caregivers due to displacement. It also provided interim care and Family Tracing and Reunification services and support for children at extreme risk of exposure to exploitation and violence – leveraging our successful model of supporting Children Associated with Armed Forced and Armed Groups and Unaccompanied and Separated Children across Sub-Saharan Africa. **----- Start of picture text -----**
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STREET CHILD ANNUAL REVIEW 13 ## safe ## REINTEGRATING SURVIVORS OF HUMAN TRAFFICKING - NIGERIA Street Child piloted an innovative intervention in 2022/23, with Girls Power Initiative, to address drivers of trafficking and to improve the protection of people who are vulnerable to, and victims of, trafficking in Edo state (50% of all Nigerian trafficking survivors originate from Edo state alone). Our survivor-centred approach focused on reintegrating 100 returnees into their communities and preventing re-victimisation by strengthening stakeholder cooperation through awareness-raising campaigns. ## TACKLING MENTAL HEALTH STIGMA - BANGLADESH Bridging the Gap in Bangladesh entered its third year, tackling stigma surrounding mental health and providing mental health services and support and reached its target of 1,470 adolescents (aged 13 to 24) and 1,470 children (aged 6 to 12) in Rohingya refugee communities. The programme secured additional funding from Comic Relief for livelihoods support for caregivers. ## BUILDING COMMUNITY COHESION VIA SPORT - MOZAMBIQUE AND SRI LANKA Street Child launched a child protection programme in April 2022 training 30 teachers to provide psychosocial support for 7,000 conflict-affected children in Cabo Delgado Province, Mozambique. The programme uses sport to promote children’s rights and to improve community protection mechanisms, and to increase cohesion between host and displaced communities – with support from the UEFA Foundation. Street Child launched a programme in Sri Lanka, in February 2023, to promote psychosocial support through sport in schools, fully funded by the UEFA Foundation. The programme provides training in active learning techniques to teachers to enhance safety, stability, and social connectedness across 9 schools in Batticaloa. ## SUPPORTING THE MOST MARGINALISED CHILDREN - UGANDA Street Child supported African Women and Youth Action for Development, a longstanding local partner to improve community and school structures for prevention of, and response to, protection risks. Teachers, Parent-Teacher associations, and Peer Clubs from 20 schools received rigorous training using our tried and tested modules on Psychosocial Support in Schools. The project impacted over 8,000 children in the Kyaka and Palabek refugee settlements. ## STRENGTHENING CHILD PROTECTION IN THE COMMUNITY - NIGERIA Street Child has expanded our protection portfolio in north-east Nigeria, with a fourth iteration of our flagship Right to Care protection programme reaching 4,140 children in Borno state. It has strengthened communitybased child protection mechanisms across four communities in Damboa and Gwoza and addressed critical child protection needs for 343 children in the highest-risk categories. STREET CHILD ANNUAL REVIEW 14 **----- Start of picture text -----**
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## CASE STUDY: IVAN'S STORY Ivan* is a seven-year-old boy from Kharkiv, Ukraine. When the situation in Kharkiv worsened and it became too dangerous, he and his family moved to another part of Ukraine to find a safer place to stay. In 2022, like many other Ukrainian children, Ivan started the first grade in a new city, leaving behind everything he knew and loved. The first time he came to our educational space, in September 2022 was challenging: he cried a lot and did not want to leave his mother - it was clear that he was experiencing tension, anxiety, and difficulties communicating with his peers. Gradually, step by step, Ivan began to get used to the children in the group and to meeting with specialists. Using various exercises, game techniques, art therapy and their usual friendly at ude, our partner staff managed to help Ivan survive the crisis period, helping him to manage his stress levels and to gain experience from working with the team. He became much more open and cheerful and found new friends with whom he can express himself through creativity and games. STREET CHILD ANNUAL REVIEW35 15 ## programme overview; safe, in school and learning ## 2. IN SCHOOL _Street Child_ _**All children have the right to attend school without physical, social or economic barriers.** creates inclusive, safe, secure and sustainable schools and learning spaces that allow children to access stable, supportive relationships and routines and acquire socioemotional skills._ ## EDUCATION OUTCOMES FUND - GHANA In one of our most significant successes of the year, Street Child opened offices and operations in Ghana for the Ghana Education Outcomes Project – an initiative to increase access to education for 70,000 outof-school children and to improve learning for 98,000 children in 200 state schools in partnership with the Education Outcomes Fund (EOF) and the Ministry of Education (MOE). This programme is a 100% outcomesbased funding model, meaning that Street Child only receives funding when targets are met. Street Child is supporting 20,000 out-of-school children in rural northern Ghana through 200 community education centres. Our high-impact, innovative intervention aims to advance access, equity, and quality in learning through transformational teaching, targeted instruction, tailored student support, and ultimately transition the students into formal state school. We are then upskilling teachers and their management processes at 200 schools for a sustained student retention. ## EXPANDING EDUCATION IN EMERGENCIES - UKRAINE Street Child activated a rapid response in Ukraine on 24 February 2022. $100,000 of funds from our supporters was translated into a $3.5M programmatic portfolio providing essential educational services and support to 75,000+ children in 18 oblasts. Education and Psychosocial Support for Displaced and Returnee Populations ensured 10,250 children could continue accessing education in Lviv, Ivano-Frankivsk, Ternopil, Rivne, Kyiv, Odesa, Poltava, Kharkiv, Sumy, and Zaporizhzhia in partnership with the UBS Optimus Foundation. The programme provided legal advice and assistance for caregivers and their children fleeing the occupation: 1,250 caregivers accessed assistance for accommodation, compensation, and emergency resource kits containing health and hygiene resources. **----- Start of picture text -----**
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16 STREET CHILD ANNUAL REVIEW ## in school From June to September 2022, 'Education in Emergencies' equipped 74 learning spaces and schools providing 9,377 children (target: 6,000) access to life-saving, life-sustaining learning including Explosive Ordnance Risk Education and socio-emotional learning. This partnership with the UN Ukrainian Humanitarian Fund also reached 854 teachers (target: 124). In December 2023, 'Expanding Education in Emergencies' was launched to match interest and expand reach, thanks to our partnership with the Ukraine Humanitarian Fund. In one year, Street Child aims to reach an additional 25,000 children aged 3 to 17 (including up to 10% children with disabilities) and 2,150 teachers in Chernihiv, Dnipro, Kharkiv, Kyiv, Lviv, Poltava, and Vinnytsia. Street Child will equip schools and learning spaces (including with heating, insulation, and shelters) to assure safe, secure, and sufficient access to learning for children in the winter and to equip teachers with the skills, support, and resources to accelerate learning and address learning loss, including via remote teaching. ## EDUCATION FOR EVERY CHILD TODAY - LIBERIA, NIGERIA, AND SIERRA LEONE Street Child launched our largest programme to date in July 2022. Education for Every Child Today (EFECT) will support 96,000 out-of-school children. The programme supports children who have never enrolled, enrolled and experienced disruptions, or enrolled and experienced dropout to [re-]enrol and be retained in education over the course of 4 years. EFECT targets children and communities in emergencies and low-resource environments, and the programme builds on our record of reaching and achieving results for more than 500,000 children across West Africa, and of supporting more than 45,000 caregivers with financial assistance 2019 WISE award for robustness and through our Family Business for Education model – recognised by a replication potential. In Liberia, the programme will help enrol 13,500 children in Margibi, Maryland, and Montserrado, the counties with the highest number of out-of-school children (total of 303,876). In Nigeria, the programme will enrol 42,000 children in Adamawa, Borno and Yobe where protracted disruption and displacement of students and teachers has arisen from active conflict. In Sierre Leone, the programme targets 40,500 outof-school children in some of the poorest and most remote and rural communities across all 4 provinces (focused on where children have lowest likelihood of enrolment in education). Street Child is grateful to the **Educate a Child (EAC) initiative of the Education Above All Foundation for its contribution of $6.4M towards our $12.8M target.** Street Child continues to seek support from funders committed to achieving education for all and offers an outstanding opportunity for them to make a significant, sustained impact for 96,000 out-of-school children in West Africa. **----- Start of picture text -----**
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17 STREET CHILD ANNUAL REVIEW ## in school ## PILOTING LOW-COST SOLUTIONS FOR REFUGEE SETTLEMENTS - UGANDA Street Child concluded its pilot with refugee-led local organisation the COBURWAS International Youth Organization to Transform Africa (CIYOTA) in June 2022. The pilot provided a low-cost sustainable secondary school for 300 refugee children in Kwangwali and is proven to have replication potential (subject to funding) and to provide a pathway to further learning for marginalised children in Uganda. ## EMERGENCY RESPONSE - DEMOCRATIC REPUBLIC OF CONGO Street Child launched Wote Shuleni (Everyone at School) in November 2022, our holistic approach to supporting out-of-school children, vulnerable caregivers and conflict-affected communities in Eastern DRC. The programme supports 7,644 children with back-to-school campaigns and catch-up classes as well as supporting the children to access life-saving, life-saving information, psychological first aid and psychosocial support services in the territories of Kamanyola, Kaziba and Walungu. It also supports the children’s caregivers to access assistance to generate income. ## PROTECTING AND PROMOTING EDUCATION FOR GIRLS – NIGERIA Street Child started a new programme in September 2022 promoting education via enhanced and expanded protection support for 10,457 girls and 5,543 boys in in the North Eastern states of Borno and Adamawa that have been affected by the conflict with Boko Haram, in partnership with Echidna Giving. Street Child reached 16,000 children with educational materials and supported these children to enrol in catch-up classes with 13,448 of these children transitioning to formal education. **----- Start of picture text -----**
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STREET CHILD ANNUAL REVIEW IN SCHOOL SAFE ## CASE STUDY: TRANSFORMING SCHOOLS IN RURAL LIBERIA Celia* is a 16-year-old sixth-grader in Harper, Liberia. She faced obstacles accessing education due to poverty and a lack of qualified teachers in her town. Before Street Child's help, her family struggled with school expenses, and most teachers were untrained. Since Street Child intervened, Celia's school saw significant improvements: renovations, distribution of supplies like books and uniforms and financial aid for struggling families. Celia noticed many former streetconnected children now attending her school as enrolment increased and told Street Child how she believes education is vital for her future. She admires her school's qualified teachers and female principal, emphasising the importance of female leadership in education. Celia hopes to inspire young girls as her principal inspires her. Celia told Street Child: “Our principal is so good, she is so funny, she makes us smile every time and makes us feel happy… I think it is important to see women in leadership as some women are more educated than men. My principal is so great, she graduated from one of the top universities.” Clare*, the principal, highlights the impact of Street Child's support, especially in teacher training and financial aid. She values connecting with students and believes in setting an example for them to exceed expectations. ## © **Street Child** Overall, Celia and Clare stress the importance of education, qualified teachers, and female leadership in inspiring and empowering young minds. STREET CHILD ANNUAL REVIEW35 19 ## programme overview; safe, in school and learning ## 3. LEARNING _**All children have the right to learn.** Street Child supports children to read, write, count and complete school, and to attain skills for sustained success – which sets them up for life. Our programmes increase the capacities of schools and state systems to provide excellent equitable education – focused on foundational learning and, as appropriate, on life skills and livelihood skills that support lifelong learning. We also focus our efforts on teachers and increasing their capacities to deliver compelling lessons and ensure safe, supportive learning environments._ **This year we were proud to be awarded the prestigious 2022 David M. Rubenstein Prize by the Library of Congress (with prize money of $150k unrestricted funding) which recognised Street Child’s** ~~a~~ **outstanding and measurable contributon to increasing literacy levels in multple parts of the world. As well as recognition of Street Child's work by the world's biggest library, the committee awarded the international prize to our partner in Uganda - Young African Refugees for International Development (YARID) - congratulations to the team at YARID.** ## GROWING GIRLS’ EDUCATION - SOUTH SUDAN Girls’ Education in South Sudan, a flagship five-year intervention funded by the UK’s Foreign, Commonwealth & Development Office has gone from strength to strength since launch in January 2020. As a leader of a statelevel consortium, Street Child has provided grants for 346 schools for school improvement; provided cash grants for 34,505 girls to be able to afford the costs of education; created an enabling environment for girls' education through awareness-raising and radio programmes reaching over 140,000 community members. ## EXPANDING EARLY EDUCATION IN EMERGENCIES - MOLDOVA In Moldova, 1 in 8 children is a refugee from Ukraine, with the highest proportion per capita of refugees from Ukraine. However, there is little investment or intervention into early education for refugees with, for example, the Chisinau Municipality reporting that less than 3% of refugee children are enrolled in education. Street Child secured commitments in July 2022 from the Moldova Ministry of Labour and Social Protection and the Parliament of Moldova to expand early education for Ukrainian refugees unlocking a $1.7M investment for the Moldovan Early Education Initiative for Refugee Learners from the UBS Optimus Foundation. In **----- Start of picture text -----**
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STREET CHILD ANNUAL REVIEW 20 ## learning January 2023, Street Child led the launch of the 2023 to 2026 National Programme of Childcare Services for Children Aged 0 to 3 and still leads the National Steering Committee and Sub-Committees, a collection of civil society and state stakeholders committed to expanding early education and enhancing equity and quality for early learners from Moldova and Ukraine. Street Child has significantly supported policy reforms relating to early education expansion, including the formulation of a legal framework and legislation to allow alternate services, that was passed into law by the Moldovan legislature. Street Child, in collaboration with local partners, will now pilot five early education centres and 25 early education enterprises, expected to serve 2,750 children (constituting at least 75% growth in access to early education for refugees in Moldova) by December 2023. Alongside, the Global Schools Forum, an outstanding network of organisations including Street Child, is gathering and generating global evidence on early education in emergencies through an Early Education in Emergencies Evidence Hub. ## ENHANCING EARLY EDUCATION - KENYA Street Child has invested in 75+ early education centres in Nakuru and Turkana counties, where the 62% enrolment rate in early education is among Kenya’s lowest. In 2022, Build Africa Kenya (BAK), our principal partner, identified 75 (out of 285) early education centres needing significant support, including (i) renovations, inclusive infrastructure; (ii) early educator training on inclusion, individualised instruction, and interactive play; and (iii) early education resources, including equipment for play and picture books. BAK setup Caregiver Care Centres in 20 community spaces, within the centres’ catchment areas, to conduct caregiver support sessions (on early learning and early intervention), and to coordinate provision of health services (de-worming, screenings, nutrition and vitamins, vaccinations) with the Ministry of Health. ## LADDER TO LEARNING – UGANDA Street Child partnered in February 2022 with the LEGO Foundation on Learning through Play, which has led us to adapt our Ladder to Learning* approach for Arabic, Acholi, and Swahili-speaking populations – with the goal to reach 4,800 refugee learners (including 2,880 girls) aged 9 to 12+ from Burundi, the Democratic Republic of Congo, Rwanda, Somalia and South Sudan. Together, we have gathered and generated extensive effectiveness data with our Evidence Partner (Innovations for Poverty Action) proving the programme’s potential to reach and achieve results for many millions of refugee learners at the national, regional, and global levels (subject to funding). In Kyaka II refugee settlement, for instance, we saw 89.4% of learners across 6 learning centres transition to full time, formal education. At the beginning of the programme, only 1% of learners were at the minimum level of literacy in their mother tongue; whereas at the end of the programme, 87% of learners were at the minimum level errata **Children at school in Uganda** | © **Street Child** ‘ 7 —SI STREET CHILD ANNUAL REVIEW 21 ## LEARNING of literacy for mother tongue. Learners were exclusively Congolese refugee leaners, and Swahili was their mother tongue language. At the beginning of the programme, only 1% of learners were at the minimum level of literacy in English; whereas at the end of the programme, 84% of learners were at the minimum level of literacy for English. _* Ladder to Learning is a novel intervention introduced by Street Child and our refugee-led local partner, Young African Refugees for Integral Development [YARID]. This is the first and only language-learning intervention addressing dramatic disengagement, disruption and dropout amongst refugee learners in Uganda._ The 2022 Library of Congress Literacy Awards International Prize ($50k, unrestricted) was awarded to our Ugandan partner Young African Refugees for Integral Development (YARID), in recognition of YARID’s significant and measurable contribution to increasing literacy levels in Uganda. ## CHALKBOARD GUIDES - CAMEROON AND DEMOCRATIC REPUBLIC OF CONGO In 2022, Street Child continued to collaborate on Chalkboard Guides with innovator Justice Rising. Chalkboard Guides create a structured lesson guide, including how, where and what to write on the board, to support improvements in classrooms in challenging conflict and crisis-affected contexts. In 2022, Chalkboard Guides were trialled, tested, and prototyped with 379 learners and 6 teachers in the Democratic Republic of Congo and 160 learners and 3 teachers in Cameroon. Assessments illustrated major improvements in content and layout in just two weeks 80.51% fidelity to content and 75.56% fidelity to layout in two weeks, with 100% of teachers reporting increased ease and improved effectiveness and equity of teaching and 100% of teachers requesting continued use of Chalkboard Guides. In 2023, Street Child will support the scaling and strengthening of Chalkboard Guides across conflictaffected schools in Cameroon. ## ACCELERATING SECONDARY EDUCATION - SOUTH SUDAN Street Child continued to advance access to education for adolescent girls in South Sudan via an accelerated flagship programme that provides a path to completion in 2.5 years, rather than 4 years. As one of the world’s only accelerated education programmes for adolescents, our education centre in Yambio acts as a proof point for how accelerated education can improve attainment in low-resource environments and emergencies. Street Child also continued to focus on raising the quality of South Sudan’s secondary education via a remote Teacher Training programme for 120 teachers with an immediate impact on 7,250 students. The programme provides a brand new accreditation for secondary school teachers from the University of South Sudan with content aligned to the current curriculum in South Sudan, and certification from the Ministry of Higher Education, Science, and Technology. ## Education Outcomes Fund - Sierra Leone Street Child was awarded an education outcomes contract in September 2022 under the Sierra Leone Education Innovation Challenge, serving 12,330 students across 62 schools in collaboration with the Education Outcomes Fund (EOF) and Ministry of Basic and Senior Secondary Education. Street Child, together with two local organisations, trained 12 Teaching Advisors and 12 School Advisors to operationalise integrated tailored student support, student-centred instruction, strong school leadership, and shared school ownership in Bombali, Falaba, Karene, and Koinadugu. Street Child secured a partnership with our investors, Bridges Fund Management and the Sustainable Development Goals Outcomes Fund. STREET CHILD ANNUAL REVIEW 22 ## CASE STUDY: HELPING TEEN MOTHERS IN SIERRA LEONE SAFE Isata* is an incredibly resilient 14-yearold girl with a two-year-old daughter Sallay*. Isata’s parents passed away when she was just 10 and when she became pregnant her uncle took her into his care. Isata wanted to go back to school but she was not welcome due to stigma. Street Child social workers identified Isata as a pregnant teen who could benefit from the support. With the guidance of her Street Child social worker, Isata learned about her right to free, quality education as a teen mother. This knowledge empowered her to return to school, setting an inspiring example for other young mothers who may be facing similar challenges. Isata gave birth to her daughter who she named Sallay, after her Street Child social worker. When asked why she named her daughter Sallay, she replied: “I named my daughter after Sallay because of all the support my Street Child social worker gave me, the encouragement, and the resilience to remain at school.” Isata received a teen mother support education package, which includes education materials and baby formula for Sallay. Isata’s uncle has also been supported with a family business grant meaning he has developed his business and is now earning enough to support Sallay and Isata so they can both continue to access education. ## **Isata and her daughter Sallay** © **Street Child** STREET CHILD ANNUAL REVIEW35 23 ## ELEVATING LOCAL LEADERSHIP EDUCATION OUT LOUD activities, including commitments to national In 2020, Street Child initiated the South Asian reviews of educational outcomes, making small Assessment Alliance (SAAA): a transnational but sustainable gains in building relationships of alliance of organisations aiming to advance learning accountability among education stakeholders at assessments as a key tool for quality learning, system level. advocacy, accountability and action. In its third year, the alliance now comprises 118 civil society The SAAA will continue to play a critical role in organisations that, together, have reached 10,862 tracking progress against national, regional, and children across Afghanistan, Bangladesh, Myanmar, transnational commitments, including the Education and Nepal. 2030 Framework for Action and the Sustainable The SAAA will continue to play a critical role in tracking progress against national, regional, and transnational commitments, including the Education 2030 Framework for Action and the Sustainable Development Goals. ## STREET CHILD, AS LEAD OF THE SOUTH ASIAN ASSESSMENT ALLIANCE, ADVOCATES FOR THE SIGNIFICANCE OF CITIZENS, COMMUNITIES, AND CIVIL SOCIETY ORGANIZATIONS IN ACTIVELY ENGAGING WITH EVIDENCE AND ENSURING ACCOUNTABILITY TO IMPROVED LEARNING OUTCOMES FOR CHILDREN EVEN, AND ESPECIALLY, IN CONFLICT AND CRISIS AFFECTED CONTEXTS. ## ADVOCATING FOR LOCAL LEVEL ACTION In September 2022, Street Child took a stand as an advocate for localisation at the United Nations General Assembly in New York, by sponsoring the attendance of representatives from three childcentred national and local level organisations. **Palwasha Hassan from the Afghan Women’s Educational Centre in Afghanistan, Christian Tanyi from Cameroon’s Martin Luther King Jr. Memorial Foundation, and Mohammed Sabo from Nigeria’s** were featured in an **Almajiri Child Rights Initiative** event focused on advocating for and amplifying local level perspectives. Emerging evidence from our localisation initiatives was disseminated, discussed, and debated in national and international forums, including consultations with Education Cannot Wait, the FCDO and USAID. The SAAA is supported by Education Out Loud (EOL), an initiative to “create a stronger transnational enabling environment for advocacy and transparency efforts” by the Global Partnership for Education. EOL is the largest fund for capacity strengthening of civil society organisations and ensures engagement in education sector planning, policymaking, and monitoring, to promote accountability and transparency in policy processes. From 2022 to 2023, Street Child and the SAAA worked with 118 civil society organisations to increase their capacities to administer citizen-led assessment; to analyse assessment outcomes; to advance advocacy efforts; and to accelerate accountability mechanisms at the local, sub-national and national levels. Together, alliance members assessed the arithmetic and reading levels of 10,862 children across 6 languages, and shared assessment outcomes with 10+ local governments and 4 national governments in Afghanistan, Bangladesh, Myanmar, and Nepal. Street Child and the SAAA led advocacy activities calling for prioritization and programmes to address gaps illustrated and received commitments from 100+ government representatives attending these Earlier in the year (May 2022), Street Child staged **Central** a conference on localisation in Bangui, **African Republic** with attendees from 10 local level organisations, as well as international organisations (Danish Church Aid, Norwegian Refugee Council, OXFAM, Plan International, amongst others). STREET CHILD ANNUAL REVIEW 24 ## ELEVATING LOCAL LEADERSHIP The conference noted the need for significant and to accelerate coordination collaboration localisation, with numerous local level organisations citing a saturation of support from international organisations, which, however, has not translated into additional funding, inclusion, and leadership for local-level organisations across the ecosystem. to strengthen L/NNGO competencies to leverage available resources and apply strategic approaches in preparing successful funding proposals. Followup support included the rolling out of a remote Resource Mobilization Helpdesk that was open to all child protection partners in Iraq over a three-month period. ## ELEVATING LOCAL LEADERSHIP IN EMERGENCIES Street Child led a Resource Mobilisation and Proposal Writing Training for Child Protection Actors in Erbil, **Iraq** in collaboration with Global Child Protection Area of Responsibility and the Iraqi Child Protection Sub-Cluster (image above). The three-day training, attended by 16 organization representatives - 10 Iraqi Local and National Non Governmental Organisations (L/NNGOs) and 6 International Non Governmental Organisations (INGOs) - was designed and delivered by Street Child, and also supported by Save the Children and Terres des Homme. The purpose was Street Child also worked to elevate local leadership in the Education sector through continuing to provide consultancy, and programmatic support to Education Cannot Wait (ECW), and UNICEF's Child Protection Area of Responsibility with a focus on strategies to enhance funding flows to local organisations. A particular breakthrough agreed in 2022/23 and that we are excited to launch in 2023/24 was in Uganda, where ECW agreed to channel at least 25% of their 2023-2026 grant-making to local NGOs via a ‘localisation unit’ established and run by Street Child. This will run a competitive application process, restricted to L/NNGOs and then support successful applicants with the delivery of their founded programme and in their institutional development, if/as required. After a phase of intensive planning and donor-liaising Street Child also look forward to bringing to life our global ‘Elevating Local Leadership in Emergencies’ (ELLIE) programme with USAID in 2023/24. STREET CHILD ANNUAL REVIEW 25 ## RAPID RESPONSE Following the devestating earthquakes that hit **Turkey and Syria** in Feburary 2023, Street Child launched a rapid response, forming partnerships with Orange, Violet, Takaful Al Sham, Amal Organization and the Syrian Society for Social Development. Our response initially focused on meeting basic needs and providing psychosocial support for children. In 2023/24, it is expected that Street Child will focus on re-building education services. Street Child teams also supported children and their communities after the earthquake in Paktika province, Afghanistan and flooding in Pakistan. STREET CHILD ANNUAL REVIEW 26 5TPI icc CHI TR CHI 'CHILDHILD blPFET', CHILD,CHILD T,PEE CHIL TREE,-] DfFTISTREE CHILDLCHILD ILDA iYa'15 ## FUNDRAISING, COMMUNICATIONS & MEDIA ACTIVITY EVENTS ## DAVOS AND THE UNITED NATIONS GENERAL ASSEMBLY This year Street Child took events to the world stage, bringing enhanced opportunity for amplifying our key messages, enhancing our visibility at the global level and building strategic relationships. Street Child appeared at Davos for the first time in May 2022 with our panel focused on Education in Emergencies. We were joined by Yasmine Sherif, Executive Director of Education Cannot Wait and Bo Stjern Thomsen, Vice-President and Chair of Learning through Play at the LEGO Foundation. In September 2022 Street Child hosted two events during the United Nations General Assembly (UNGA) Transforming Education Summit in New York. After noticing the lack of local actors and organisation at the TES pre-summit in Paris, Street Child created an event to give a platform to directors from three of our national partners from Cameroon, Nigeria and Afghanistan, alongside Education Cannot Wait and Dubai Cares, where they discussed the importance of including out of school children in the agenda. **----- Start of picture text -----**
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At Davos 2023 we hosted a panel with Liberty Global, discussing the importance of Public Private Partnerships, with Standard Chartered, UBS Optimus Foundation and Devex, and a roundtable discussion with Infosys on learning poverty. =~ **Mike Fries, Chief Executive Officer and Vice Chairman of** neZ MS_ oT; * heS&S _ig= **Liberty Global opens our panel at Davos** i): Vay © **Street Child** **Speakers Alexandre Cabaret, Senior Director at Devex, Mohammed Sabo Keana, Almajiri Child Rights Initiative; Palwasha Hasan, Afghan Women's Education Centre and Christian Tanyi, Martin Luther King Jr Memorial Foundation (LUKMEF), and Tom Dannatt, CEO of Street Child on the sidelines of the UN General Assembly in New York.** © **Street Child** 28 STREET CHILD ANNUAL REVIEW ## THE SPRING GALA IN LONDON With Street Child’s event calendar back in full swing, we were thrilled to host a gala dinner on International Women’s Day. The evening, attended by 220 people celebrated the women of Street Child who are driving progress and raised money for the thousands of women and girls who Street Child supports and who are trailblazing change in their communities. Alice Lowden, Director of Marketing and Communications acted as compere, while key note speeches were given from Lucinda Dannatt, Director of Policy and Development, Jummai Musa, Nigeria Country Director and Anna Stanislavchuk, Ukraine Programme Coordinator. ## fundraising campaigns **Alice Lowden, Lucinda Dannatt, Jummai Musa and Anna** * **Stanislavchuk at The Spring Gala** © **Street Child** We are grateful to all our supporters who shared and amplified our fundraising appeals. Alongside campaigns for Back to School and Christmas, we ran an appeal which highlighted forgotten crises, such as Somalia and Afghanistan. In addition to this, we had three rapid response appeals. The first, in response to an earthquake in Paktika province, Afghanistan; the second, in response to the horrific flooding in Pakistan during August 2022; we launched a rapid response to support children and their families impacted by the devasting earthquake which hit Turkey and Syria in February 2023. **Ramadan** In April 2022 we launched our first ever campaign with a 100% Zakat policy, meaning 100% of donations go directly to those in need. The campaign ran across Street Child digital channels and was supported by an in-person event “Iftar with Street Child” hosted by Allen & Overy. In March 2023 Street Child launched a new initiative: **Churches for Street Child** aiming to resource and engage churches in their practical response to global crises & generate new support for Street Child’s work. ‘Churches for Street Child’ launched at the House of Lords in March with Lord Dannatt speaking to 120 church leaders on ‘Leadership in turbulent times’. ## FUNDRAISING EVENTS We were delighted to have excellent support at the rest of our events throughout the year, including over 130 runners taking part in the two London Marathons (October 2022 and April 2023). Over 100 people enjoyed mince pies, mulled wine, and carols at our end of year Christmas Carol service at the Tower of London. **----- Start of picture text -----**
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STREET CHILD ANNUAL REVIEW ## EVENT SPOTLIGHT THE SIERRA LEONE MARATHON 2022 After a two-year hiatus, May 2022 marked the return of the Sierra Leone Marathon. Described by Runner’s World Magazine as the “The world’s craziest marathon”, the staging of the race marked its 10th anniversary since its inception in 2012. The event drew over 70 international runners and hundreds of local participants. **The Sierra Leone Marathon is more than a race:** participants engaged in workshops, visited schools, and immersed themselves in the local community, gaining invaluable insights into the impact of their fundraising efforts. On race day, runners braved the Sierra Leonean heat, navigating 26.2 miles of winding jungle and local villages, and later spoke of the profound effect witnessing how the money raised is spent. Bea Meitner, a travel blogger from the Cotswolds, described the marathon as: ## **“A genuinely life-changing experience. The time I spent with Street Child has changed my entire outlook on what’s important in life.”** It was fantastic to be joined by world record holder - the first man to run a marathon in every country in the world - Nick Butter, who loved the Sierra Leone Marathon so much he came back again for its 10th anniversary! Nick told Street Child: **"Running the Sierra Leone Marathon is an absolute must! Everything from the organisation, the insights into Street Child's work, the community and of course the country all makes the time in Sierra Leone very special - the run is beautiful and feels like the cherry on top of an exceptional experience.** ## **"One of my favourite events of all time. Thank you, Street Child."** The Sierra Leone Marathon once again proved itself to be a ‘marathon for all’ as Julie Creffield - founder of the ‘Too Fat To Run’ community - brought a team of eight plus-size women to the 2022 Sierra Leone Marathon, smashing stereotypes and taking on the challenge of a lifetime. Julie told Street Child: **"There are some races that change you. They teach you so many deep and profound lessons that you wonder if life will ever be the same again. Street Child’s Sierra Leone marathon is described as "the craziest marathon on the planet" and it lived up to that description and so much more."** 30 STREET CHILD ANNUAL REVIEW ## THE SIERRA LEONE MARATHON 2022 Be) **Nick Butter (far right) enjoying SLM for the second year** OemV . S| -7 ae **Over 500 local runners** eeSigne ja? “- gene2h.S . 5 © **Street Child participated** © **Street Child** Se og He A ee aShiane ae sa a a tsais NG SS Sipe a a ier Bae **Runners join in classes in Sierra Leone** Wilda , ay © y **Street Child** Lt CHILD) ! FIN'SH =k25J Aaai is his Se Rd & My SUE Re ee a 4 aa ™ z, vee ee ee Ne ae Pi Sh * AP f : = PN i Lk Eig, SR a i 2 ee a = len <=ae obSe es PheFe Toe gepe cee me aeBIE Se 4@ yAiad pa Senneeae ABS ? . + “ NG ‘ 33 Vi SS ee cua > bivare yt he fon id en ; Fe RAS J **Julie Creffield and her team from 'Too Fat To team from 'Too Fat To** : » iv . bi **Participants explore Sierra** eA fas Ste ae <8 OT eet fa. Mine Ow: **Julie Creffield and her team from 'Too Fat To team from 'Too Fat To** : STREET CHILD ANNUAL REVIEW 31 ## FUNDRAISING, COMMUNICATIONS & MEDIA ACTIVITY CORPORATE PARTNERSHIPS ## PARTNERSHIP HIGHLIGHT - LIBERTY GLOBAL Liberty Global’s support for Street Child in 2022/23 once again included a fantastic unrestricted corporate donation and brilliant support from employees, individuals and many companies in Liberty Global’s wider corporate network. **Netcracker.** Then in Banqueting House, sponsored by January 2023, we were extremely grateful to Liberty Global for the opportunity to co-host a breakfast at the World Economic Forum in Davos to discuss the importance of public and private partnerships and the need for multi-sectoral and multi-agency collaboration. 2022 was the year of breaking records. In June, Street Child and Liberty Global staged our flagship challenge event, The Big Ride, in Aarau, Switzerland. The event, hosted by Sunrise, **saw a record-breaking 553 participants from over 20 corporations come together to cycle and run for Street Child.** In November, Street Child delivered another great event, the Liberty Global annual gala dinner at STREET CHILD ANNUAL REVIEW 32 > **The Big Ride 2022, in** 27) eet Li a. a **partnership with Liberty Global** © **Street Child** ae ayN> ba irar 4s= iy “sh 'j La, 88se pWayesaaamf 3 frit nat i! eedig Pa‘N pei pe %MES " &’ ) : Sd 4 - — B. ee! / ; 5 > **Mike Fries, Chief Executive Officer** x fe » **and Vice Chairman of Liberty Global** © **Street Child** : ——— SS ’ wl A) eis ee! \ " 39 4 ba f sas i a rs fag " Los) ee Sore @ AVR Ae ee re gla, | we **Guests enjoying our Annual Gala Dinner** © **Street Child** : **----- Start of picture text -----**
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33 ## CORPORATE PARTNERSHIPS ## ALLEN & OVERY In September 2021, Allen & Overy (A&O) selected Street Child as their Global Charity Partner for two years. A&O is a prestigious British multi-national law firm headquartered in London and delivers one of the most renowned and respected employee fundraising programmes supporting international charities throughout the sector. A&O staff and partners jumped into action with visible participation in Street Child events such as our Spring Gala, Christmas Carols and Running and Challenge events. **This inspired internal employee engagement activities including visits to projects in Sierra Leone** and valuable pro bono support on both legal and non-legal reviews including strategy planning for the South Asian Assessment Alliance (see Elevating Local Leadership section for more). By the end of March 2023, A&O had exceeded their £1 million target, and were on track to have raised £1.5 million by the summer, with the first £625K going to a girls’ education project in Sierra Leone which staff and partners visited in October 2022. The remainder of the funds has been allocated to the Ghana Education Outcomes Project (see West Africa spotlight for more). **“The change we are directly making to these families and communities is simply extraordinary. Just over a year in, we were able to see real change which has already begun to happen … Resilience and sustainability is at the forefront of how the project is structured and implemented, so our support will be felt well beyond the life of the partnership”.** **-Franz Ranero, Pro Bono and Community Investment Partner, Allen & Overy** 1,000 employees of all seniority levels around A&O’s worldwide offices drove fundraising activities such as ‘First Hour, First Day’ when employees and partners donated a portion of their January 2023 pay to raise an impressive £703K (48% higher than their previous best). This was supplemented by an ongoing series of network-wide (‘Around the World Challenge’) and local initiatives, with employees able to join both virtually and in-person, including cook-offs, planking, music bingo nights, human foosball tournaments and an inaugural Ramadan campaign Iftar Dinner in London. **A&O staff visited Sierra Leone, meeting business owners who have been** SS ” > \ | Cy > **The A&O Hong Kong office taking part in** D my] — W fi STREET CHILD ANNUAL REVIEW 34 ## CORPORATE PARTNERSHIPS ## PLUME ## FURTHER MAJOR CORPORATE PARTNERSHIPS We also want to thank our other major corporate partners: We were pleased to announce an exciting new partnership with Plume, whose #PlumeStrong Cycling Challenge raised €250k to support children in Ukraine and Moldova. Over four days in September Plume employees, partners and friends cycled through the beautiful but challenging mountains of Switzerland and Italy, led by two-time winner of the Tour de France, Tadej Pogačar. The fundraising will deliver an innovative six-month pilot of Inclusive Learning Hubs in Moldova. Plume’s partnership will continue strongly into 2023-24 with September’s #PlumeStrong Cycling Challenge raising money for the response to the Turkey-Syria earthquake from February 2023. **Boodles** , for their generous donations, raising money through their luxury Christmas crackers and 'The Boodles Tennis Challenge'; **From Babies with Love** who continue to donate a percentage of their profit to Street Child; **Infosys** , for their generous contribution and presence at events such as Davos and the Mobile World Conference in Barcelona; **Euroclear** , our long term partner, for supporting our work in Uganda; **Ropes & Gray** for hosting our event at UNGA; **Sunrise** for being our amazing host of the Big Ride in Aarau and to **Virgin Media O2** who brought over 100 riders to the event; **Accenture,** one of the most longstanding major supporters of The Big Ride and our annual Gala Dinner and finally to **Thomas Miller** who chose Street Child as their charity partner for the next two years and continue to donate generously in terms of time and money. i. STREET CHILD ANNUAL REVIEW - — **----- Start of picture text -----**
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## THANK YOU TO OUR SUPERB CORPORATE PARTNERS INCLUDING: 36 STREET CHILD ANNUAL REVIEW STREET CHILD ANNUAL REVIEW 37 ## FUNDRAISING, COMMUNICATIONS & MEDIA ACTIVITY PHILANTHROPY Philanthropic donors have made a huge contribution of £2.6M of restricted income and £366k of unrestricted income to Street Child in 2022/2023. We are incredibly grateful to, and wish to thank every trust, foundation and private donor, many of whom prefer to remain anonymous, for their fantastic support to Street Child’s work. To indicate the type of support received from philanthropic donors, Street Child was awarded: - 67 fresh grants of £10k and under - 22 grants of £11k – £49k - 12 grants of £50k – £199k - 4 grants of £200k – £600k This includes grants which were awarded to our sister organisations in Europe and the U.S. for Street Child programmes. Supporting the growth of Street Child’s sister organisations was (and continues to be) a major focus in 2022/2023, with the recruitment of country managers for Street Child Germany, Street Child Netherlands, Street Child Switzerland and Street Child Italy. In July 2022 and January 2023 we were delighted be able to resume our bi-annual Programmes Evenings – special events which bring together philanthropic donors and a number of our programmes leaders for an evening of learning and sharing. - 3 grants of £600k+ during the year **At Programmes evening 2022, Usha Limbu highlighted our work in Nepal; Jean Claude Muhindo Bakwabaya spoke about their work in DRC; Kingsley Udo spotlighted our work in Cameroon; Julie Polzerova spoke about our work in Somalia and Henry Muyanja spoke about Street Child in Uganda** © **Street Child** **Philanthropic donors came to hear our Programme leaders speak about their achievments in January 2023** © **Street Child** 38 STREET CHILD ANNUAL REVIEW **Bangladesh** © **Street Child** a STREET CHILD ANNUAL REVIEW 39 ## FUNDRAISING, COMMUNICATIONS & MEDIA ACTIVITY media Our presence in the media remains key to communicating Street Child’s work to a wider public audience, providing timely insight on key issues, and acting as a force-multiplier for fundraising efforts. 2021/22 provided an excellent platform of increased media coverage which we were able to build from on in 2022/23. A trip to north-east Nigeria with undefeated British cruiserweight boxer **Richard Riakporhe** generated coverage from a range of media outlets, giving Street Child cut through with a sporting audience. A brilliant piece by i News highlighted Richard’s personal story and why it motivated him to support programmes to help children associated with armed groups The return of **the Sierra Leone Marathon** led to three standout articles in the Evening Standard, covering issues such as the soaring costs of living in Sierra Leone and the impact on children’s education, as well as a full-page article highlighting the 100s of runners braving the 30-degree heat in aid of Street Child. STREET CHILD ANNUAL REVIEW 40 ## media Celebrity supporter, **AJ Odudu** raised £5,777 for Street Child’s work on the BBC TV show “Hit List” reaching over 3.7 million viewers in the process. **Sky News** interviewed Street Child’s CEO and Founder Tom Dannatt to discuss the situation in Afghanistan following the earthquake in June 2022 and interviewed Ramya Madhavan in August 2022, one year on from the fall of Kabul. Street Child’s rapid response generated significant coverage in the aftermath of the **Turkey-Syria earthquake** with features on BBC News, TRT News and BBC Radio Norfolk. This was amplified further by celebrity supporter, **Penny Lancaster** , who was interviewed by HELLO magazine, reaching 1.72m readers and who shared updates with her social media followers. STREET CHILD ANNUAL REVIEW 41 ## FINANCIAL REVIEW ## 1. **A further year of strong income growth to £20m from previous year’s highest ever income of £17.3m.** 2. **15% year-on-year raise in income driven by growth in both unrestricted and restricted income.** Unrestricted income grew 15% from £4.6m in 2021/22 to £5.3m in 2022/23 driven by the ability to run a full programme of in-person events for the first time since the COVID pandemic. Restricted income grew 15% from £12.7m in 2021/22 to a new high of £14.7m in 2022/23. Our largest source of income is the UN and other agencies, followed by our corporate supporters. 3. Unrestricted reserves fell slightly from £1.2m in 2021/22 to £1.1m in 2022/23. Unrestricted reserves are still well within the upper reaches of our reserves policy. 4. Last year we created our designated fund of £1m, specifically to underpin Street Child’s substantial financial undertakings in respect of the new Educate a Child and Education Outcomes Fund programmes in West Africa. In 2022/23 it was not necessary to draw on these funds due to successful in-house fundraising for the STREET CHILD ANNUAL REVIEW 42 ## FINANCIAL REVIEW Educate a Child programme. These programmes will continue until 2026, and so this fund is being retained as these programmes may require financial support in the next 12-18 months. 5. **Programmatic expenditure of £17.4m which is £2.1m and 14% higher than the previous record programme spend, £15.3m in 2021/22.** Almost two-thirds of programme spend was in just four countries (Afghanistan, Nigeria, Sierra Leone and Ukraine – with Ukraine from a standing start). Inevitably some countries also see a reduction in expenditure when grants end, and we saw a large fall in expenditure in Nepal and are pleased that with new programmes starting there, this figure will increase again in the following year. 6. Other countries which are beginning to see growth in expenditure include: Ghana, where we will see significant growth in expenditure due to new programmes; DRC, where growth has been gradual and beginning to expand now; and, Syria/Turkey, due to the emergency response there. 7. Fundraising costs increased mainly from the return to in person events, helping to drive the increase in our unrestricted income. These events also inspire some participants to go onto fund restricted projects and so this fundraising investment makes possible larger benefits to the charity. We also invested in more fundraising staff, having reduced numbers during the pandemic, and to bolster the fundraising capacity of our European entities. Of total Fundraising costs of £2.7m, £1.1m relates to the costs of putting on four events which raised income of £2.6m. This is a return of over two times expenditure for events. The balance of **£1.6m of fundraising expenditure supports the remainder of our income of £17.4m, which is a return of 11 times on our non-events fundraising costs.** 8. In addition to the £20.0m reflected in these accounts, further funds totalling £1.6m were received into Street Child of Sierra Leone (£664k), Street Child USA ($346k) and the various Street Child European charities (€787k). These organisations are seperate legal entities which are not controlled by Street Child, and do not legally form part of Street Child UK. Their income is not consolidated into these published accounts. **These additional sums raise Street Child’s ‘global income’ by a further £1.6m to £21.6m.** STREET CHILD ANNUAL REVIEW 43 ## A FINAL WORD AND LOOKING FORWARDS TOM DANNATT, CEO & FOUNDER As I said at the start, a huge thank you to everyone who supports Street Child’s work. If I can just add some extra special thanks to everyone who supported multiple crisis appeals throughout the year to allow Street Child to quickly respond to **flooding in Pakistan and the earthquakes which hit Afghanistan, Turkey and Syria.** A huge thank you too to those who donate unrestricted funds, such as the fantastic Peter Cundill Foundation, to everyone who donates monthly, and to all our brand new major donors, such as Plume. Of course much gratitude to all at Liberty Global, from CEO Mike Fries through to everyone in their corporate network whose contribution to our financial base, through the Big Ride, November gala and/or other channels, is simply foundational. Going forwards, we will of course continue to have **West** massive focus on flagship programmes of **Africa, Afghanistan** and **Ukraine** - as well as pushing forwards and seeking to grow our impact in all of our programme countries. There are several new initiatives already in the pipeline, just to mention a couple here: In **Nepal,** Street Child has been at the forefront of efforts to address learning loss with the COVID-19 crisis and subsequent closure of schools leaving 9M+ children out of school in Nepal. With the support of the Hempel Foundation, Street Child is set to expand these efforts through ‘Build the Basics’ providing tailored accelerated instruction for 36,000 students [aged 7 to 10] and 1,800 teachers in 600 state schools in Karnali and Madhesh provinces. Across **Bangladesh, Sierra Leone and Uganda,** Street Child has partnered with the Education Development Centre and expanded our partnership with the LEGO Foundation for ‘Playful Learning Across the Years’ [PLAY] – an initiative to pilot and test tools to measure and monitor the correlation between learning environments, experiences, and outcomes. Street Child will pilot the PLAY tools via programmes implemented in 1,600+ classrooms across 990 centres and schools in to test their use across contexts and cultures. We also look forward to counting to seek all opportunities to drive the **localisation** agenda, both through our own usual practices; opportunities to provide advice and technical support to major donors and actors; and through advocacy. Specifically, amongst many initiatives, we look forward to launching the localisation unit in Uganda with Education Cannot Wait, an innovation with enormous replication potential; carrying forwards our work on this agenda with USAID; and a new programme with the UN Ukraine Humanitarian Fund which will see Street Child receive funds that are then transmitted on, with appropriate technical support to 25 local organisations, many very young and/or small with immense potential to huge impact in their communities, but who would otherwise have almost no opportunity to receive UN funds. As we move into 2023/24, **we also mark the 15th birthday of Street Child.** As I write this, it is almost to the day, since the first four Street Child social workers stepped on to the streets of Makeni, Northern Sierra Leone in the days just before Christmas 2008. Unsurprisingly, I’ve spent some time thinking about the charity’s growth **from working with those first 100 street-connected children in Makeni to now impacting the lives of over one million children in more than 20 countries around the world.** This has only been possible with your support, thank you. Our goal is to keep on going, to keep improving, to keep stretching finite pounds and dollars as far as possible, to keep growing wherever new doors open for us to make a difference - and always our promise is that we will throw absolutely everything of ourselves into every opportunity to transform a child's life. Your sincerely, Tom Dannatt, CEO & Founder STREET CHILD ANNUAL REVIEW 44 **----- Start of picture text -----**
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45 5246 STREET CHILD ANNUAL REVIEW ## KEY RISKS The Street Child Trustees are fully aware of the need to assess the risks faced by the charity and to minimise those risks. They have conducted a comprehensive process to identify, assess and manage risks, with all risks being scored for likelihood and impact and management strategies and timelines being established. Changes to the risk register are reviewed by the Finance Committee each quarter and provided to each Board meeting (also quarterly) with a full review at the Board undertaken at least annually to assess all risk factors identified in the risk register and ensure that all Trustees are fully abreast of the risk situation in the organisation. In addition to the risk register, each country holds a register for all large projects, which have their own risk registers that are used by project management teams to make operational decisions. All fundraising events have their own risk registers. While no system of internal control can provide absolute assurance against material misstatement or loss, Street Child Group’s systems have been developed to provide assurance to the Board that there are proper procedures in place and that they are operating effectively. Key elements of the system of risk management and internal control include: - Delegation: there is a clear organisational Scheme of Delegation with lines of authority and responsibility for control - A clear, comprehensive documented suite of financial procedures are accessible to all staff. These are updated and revised from time to time as required. - Financial reporting: the Board approves and monitors the annual budget. Each quarter an update is provided to the Finance Committee and the Board with an update of actual results compared to budget, and the latest forecast for the year along with explanations of significant variations. The Finance committee reviews the reports in detail, minutes from this Committee’s meeting are presented to the Board. - Programme reporting: regular updates are provided to the Chief Executive from the Country leads. These are reviewed to ensure that the programmes are progressing as planned and to identify any issues which are followed up as necessary. Written quarterly updates are provided to the Board along with any issues, risks or opportunities. The principal risks and uncertainties facing the charitable group, as identified by the Trustees of Street Child include the following: - Unrestricted income being insufficient to support institutional restricted funding or pursuing opportunities for investment. This is mitigated by careful monitoring of income compared to budget and forecast, and the pipeline income and by ensuring that costs are carefully managed. - Unsatisfactory programmes impact, donors consider project impact to be unsatisfactory, or material challenges with in-country programme delivery. We work closely with our donors and prioritise maintaining great relationships with them. We continue to invest in quality in-country finance and programmes teams to ensure that we can meet donor requirements. We also provide high quality central support for donor reporting and have increased resource in our central Programmes Funding Team. We have now completed the roll-out of our global finance system to most of our countries which gives us powerful, real time financial reporting of most of our programmes. - Internal Audit: key country branches and partners are audited on a rotating basis. - Safeguarding: As a child focused organisation, managing safeguarding remains a top priority. We have named focal points in each country, context specific policy and implementation and safeguarding training is conducted annually with all staff and associates. 4753 STREET CHILD ANNUAL REVIEW ## STRUCTURE, GOVERNANCE & MANAGEMENT ## Structure Street Child’s federal structure is founded on the principle of local partnership. The majority of programme countries operate as separate branches of Street Child UK. Street Child International (Street Child of Nigeria (SCoN) is a subsidiary of Street Child UK, with their own Managing Board. SCoSL, SCoL and charities Street Child EU and Street Child US meanwhile are independent entities, also with their own independent Boards. Street Child UK continually supports its sister entities e.g. SCoSL, SCEU and SCUS with a combination of management and financial supervision, and technical and strategic advice. This balances the importance of the local identity of the Street Child entities and their ability to receive direct local funding, with their identities as members of the global Street Child family. Our funding base is structured for maximum leverage and complementarity; using major institutional funding to attract and guarantee the essential public funding that Street Child receives through trusts, foundations and individuals. Specific institutional funding also contributes to building the restricted and unrestricted funds that enable Street Child to innovate and pilot new projects, conduct research into what works, and grow its global base. ## Governance and Management Street Child is a company limited by guarantee and is governed by the governing document; the Memorandum and Articles of Association dated 14 November 2008 and amended by special resolution on 5 March 2009. The Street Child Board meets at least four times a year and is responsible for the overall direction of the Charity and for core strategic policies, having regard to the advice of the Chief Executive Officer Tom Dannatt. The Trustees delegate the day-to-day running of the charity to the Chief Executive Officer. ## Recruitment and appointment of Trustees The appointment of the Trustees is carried out having regard to the needs of the organisation, the suitability and skill of the candidate and by interview of interested parties. ## Induction and training of new Trustees We make new Trustees aware of their legal obligations under charity and company law. New Trustees are given the required training to enable them to undertake their roles and to ensure that they act in the best interests of the charity. When they are appointed they receive a briefing and background information about the charity from senior management, including governance, finance and current strategies and plans. All Trustees have the opportunity to see our programmes at their own expense. ## Renumeration Policy The salaries of all staff are reviewed on a regular basis. We also benchmark salaries on an ad hoc basis, primarily new positions or promotions, against newer publicly available salary data. 48 STREET CHILD ANNUAL REVIEW STRUCTURE, GOVERNANCE & MANAGEMENT ## Public Benefit The charity’s aims were carried out for public benefit. This was achieved through funding, supporting, fundraising for and raising awareness of, high quality initiatives to improve the lives of some of the world’s most vulnerable children, in particular their ability to sustainably access a quality basic education. ## Fundraising Standards and our approach to fundraising Our supporters are key to everything we do. Each year they enable us to work towards a world where no child is denied an education, every child in school gets a chance to learn and every child leaves school with the skills they need. We are fully committed to being transparent and accountable about how our supporters’ donations are used. At Street Child, we are hugely grateful to all our donors and focus on building long-lasting relationships built on trust and respect. Street Child employs a team of professional fundraisers, all of whom follow the best practice and legal requirements set out in The Code of Fundraising Practice, as well as those required under charity and wider law. There were no reported failures to comply with The Code of Fundraising Practice. Outside of the team of professional fundraisers, Street Child’s volunteer fundraisers were all provided with relevant training or guidance notes including where relevant, links to the necessary legal and best practices from the Institute of Fundraising. Agreed fundraising targets were monitored through reports provided by our online giving platforms and through regular communication and mentoring of volunteer fundraisers. Street Child is registered with the Fundraising Regulator and no complaints have been received during the year. Our commercial partners were all made subject to agreeing to a Commercial Participators Agreement that set out the terms of the partnership including, but not limited to, payment plans, use of brand, inclusions/ exclusions of the partnership and use of the agreed fundraising statement. Our data protection statement and marketing opt-in’s were reviewed and updated to ensure only appropriate and relevant communications were sent to those supporters who had requested said information. Our electronic communications platform also offers the opportunity to opt out at every stage of mass communications. STREET CHILD ANNUAL REVIEW 49 ## STATEMENT OF TRUSTEES’ RESPONSIBILITIES ## STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES OF STREET CHILD IN RESPECT OF THE TRUSTEES’ ANNUAL REPORT AND THE FINANCIAL STATEMENTS The Trustees, (who are also Directors of the charitable company for the purposes of company law), are responsible for preparing the Trustees’ Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for the 12-month period of financial activities and not approve the financial statements unless they are satisfied that the financial statements give a true and fair view of the state of the affairs of the Charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the year then ended. In preparing these financial statements which give a true and fair view, the Trustees are required to: • select suitable accounting policies and then apply them consistently; • comply with applicable accounting standards, including FRS 102, subject to any material departures disclosed and explained in the financial statements; • make judgements and estimates that are reasonable and prudent; • state whether a Statement of Recommended Practice (SORP) applies and has been followed, subject to any material departures disclosed and explained in the financial statements; and • prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charitable company will continue on that basis. responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable Company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Each of the Directors, who held office at the date of approval of this Trustees’ Report, has confirmed that there is no information of which they are aware which is relevant to the audit but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditors are made aware of such information. The Trustees’ Annual Report is approved by the Trustees of the charity. The Strategic Report, which forms part of the Annual Report, is approved by the Trustees in their capacity as Directors in company law of the Charity. On behalf of the Board of Trustees |..................................... .....................................
A Wallersteiner
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A Salvato| |---|---| |Co-Chair
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## AUDITOR’S REPORT ## INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF STREET CHILD ## **Opinion** We have audited the financial statements of Street Child (the ’company’) for the year ended 31 March 2023 which comprise the Group Statement of Financial Activities, the Group Statement of Financial Activities, the Group and Parent Charitable Company Balance Sheet, the Group Statement of Cash Flows and notes to the financial statements, 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 FRS 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: • give a true and fair view of the state of the group’s and the parent charitable company’s affairs as at 31 March 2023 and of the group’s incoming resources and application of resources, including its income and expenditure, for the year then ended; • have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and • have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act 2011. ## **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 Auditor’s Responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’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 charitable company'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. STREET CHILD ANNUAL REVIEW 52 AUDITOR’S REPORT ## **Other information** The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. 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 required to report that fact. We have nothing to report in this regard. ## **Opinions on other matters prescribed by the Companies Act 2006** In our opinion, based on the work undertaken in the course of the audit: - the information given in the trustees’ annual report for the financial year for which the financial statements are prepared is consistent with the financial statements; and - trustees’ annual report have 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 group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report. We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities Act 2011 require us to report to you if, in our opinion: - the parent charitable company has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches not visited by us; or - the parent charitable company’s financial statements are not in agreement with the accounting records and returns; or - certain disclosures of trustees’ remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit; or • the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies exemption in preparing the Trustees’ Annual Report and from preparing a strategic report. ## **Responsibilities of trustees** As explained more fully in the trustees’ responsibilities statement set out on page 50, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the STREET CHILD ANNUAL REVIEW 53 ## AUDITOR’S REPORT 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 group and parent charitable company’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 group or parent charitable company or to cease operations, or have no realistic alternative but to do so. ## **Auditor’s responsibilities for the audit of the financial statements** We have been appointed as auditor under the Companies Act 2006 and section 151 of the Charities Act 2011 and report in accordance with those Acts. 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 auditor’s 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 aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 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. ## **Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud** The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charitable company. Our approach was as follows: • We obtained an understanding of the legal and regulatory requirements applicable to the charitable company and considered that the most significant are the Companies Act 2006, the Charities Act 2011, the Charity SORP, and UK financial reporting standards as issued by the Financial Reporting Council and UK taxation legislation. • We obtained an understanding of how the charitable company complies with these requirements by discussions with management and those charged with governance. • We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions with management and those charged with governance. STREET CHILD ANNUAL REVIEW 54 AUDITOR’S REPORT • Based on this understanding, we designed specific appropriate audit procedures to identify instances of non-compliance with laws and regulations. This included making enquiries of management and those charged with governance and obtaining additional corroborative evidence as required. As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the group and parent charitable company’s internal control. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. • Conclude on the appropriateness of the trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group and parent charitable company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the group or parent charitable company to cease to continue as a going concern. • Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit report. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. ## **Use of our report** This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and, in respect of the consolidated financial statements, to the charity’s trustees, as a body, in accordance with Chapter 3 of Part 8 of the Charities Act 2011. STREET CHILD ANNUAL REVIEW 55 ## AUDITOR’S REPORT Our audit work has been undertaken so that we might state to the charitable company’s members and trustees those matters which we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to any party other than the charitable company, the charitable company’s members, as a body, and the charity’s trustees, as a body, for our audit work, for this report, or for the opinion we have formed. ## mM pork Vane oe Neil Finlayson (Senior Statutory Auditor) for and on behalf of Moore Kingston Smith LLP, Statutory Auditor 9 Appold Street, London EC2A 2AP ## Date: 30th January 2024 Moore Kingston Smith LLP is eligible to act as auditor in terms of Section 1212 of the Companies Act 2006. 56 STREET CHILD ANNUAL REVIEW ## CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) **For the year ended 31 March 2023** STREET CHILD ANNUAL REVIEW 57 ## GROUP BALANCE SHEET **As at 31 March 2023** 30th 58 STREET CHILD ANNUAL REVIEW ## CHARITY BALANCE SHEET **As at 31 March 2023** 30th STREET CHILD ANNUAL REVIEW 59 ## CONSOLIDATED STATEMENT OF CASH FLOWS **For the year ended 31 March 2023** 60 STREET CHILD ANNUAL REVIEW ## NOTES TO THE FINANCIAL STATEMENTS **For the year ended 31 March 2023** ## Notes to the Financial Statements ## 1 Accounting policies Charity information Street Child is a charitable company limited by guarantee incorporated in England and Wales. The registered office is 33 Creechurch Lane, London. EC3A 5EB. ## 1.1 Basis of preparation These financial statements are prepared on a going concern basis, under the historical cost convention, as modified by the revaluation of investments being measured at fair value through income and expenditure within the Statement of Financial Activities. The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Charitable Company and its subsidiaries is a public benefit group for the purposes of FRS 102 and therefore the Charity also prepared its financial statements in accordance with the 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 (The FRS 102 Charities SORP), the Companies Act 2006 under the provision of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 (SI 2008/410), and the Charities Act 2011. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest one pound. The principal accounting policies adopted in the preparation of the financial statements are set out below. ## 1.2 Going concern The Trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The Trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. The charity entered the financial year 2022/23 with Unrestricted reserves of £1,215,047 and at 31 March 2023 had unrestricted reserves of £1,111,639 which is in line with the mid-range target reserves of the charity. In assessing whether Street Child is a going concern, the trustees have considered the group forecasts and projections and have taken account of pressures on donation and grant income and cash flow for 12 months from the date of approval of the financial statements, the associated assumptions that under-pin it, the pipeline of new income and the steps that could be taken to reduce expenditure should this be necessary. The Trustees are satisfied that the group has sufficient resources to continue in operational existence for the foreseeable future due to its loyal donor base and a significant grant pipeline as well as a number of significant fundraising appeals after the year end. Annual budgets include prudent figures for both income and expenditure and the charity holds significant reserves and has liquid assets in the form of cash held in short term deposits. The Trustees have concluded that with the reserves policy and liquidity requirements of the charity , there are no material uncertainties as to the charity’s ability to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. STREET CHILD ANNUAL REVIEW 61 NOTES TO THE FINANCIAL STATEMENTS **For the year ended 31 March 2023** ## 1.3 Fund Accounting Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Designated funds are unrestricted funds that have been set aside by the Trustees for a specific purpose. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. ## 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Grant income is recognised in the period in which it is receivable and becomes entitled to the income, any conditions attached to the grants have been met, the receipt is probable and the amount can be measured with sufficient reliability. Income from grants that contain conditions relating to performance conditions or payments by results are recognised as performance occurs, with all funding received in advance or in arrears of performance deferred or accrued accordingly. Donations and other forms of voluntary income are recognised as income when received by the charity. All income is shown gross, with associated costs analysed under the relevant cost headings. Legacy income is recognised when three criteria is met when entitlement is established, receipt of the income is probable and it can be reliably measured: - Entitlement is established when we receive notification of an interest in an estate and probate has been granted. - Receipt is probable and the estate is reliably measurable when the final estate accounts have been received - Legacy income is only recognised in the financial statements when the above criteria are met. ## 1.5 Expenditure and irrecoverable VAT 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. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. Grants payable are payments made to third parties in the furtherance of the charitable objects of the charity. Grant awards that are subject to the recipient fulfilling performance or other conditions are accrued when the recipient has been notified of the grant and either the performance condition is met or any remaining unfulfilled condition attaching to the grant is outside of the control of the charity. ## 1.6 Allocation of overhead and support costs Overhead, support and governance costs are allocated between the cost of raising funds and charitable activities. Overhead, support and governance costs relating to charitable activities have been apportioned between activities. Staff costs are apportioned between activities on a time spent basis. ## 1.7 Costs of raising funds The costs of generating funds consist of investment management fees and the costs of raising funds including an apportionment of overhead, sup- port and governance costs. 62 STREET CHILD ANNUAL REVIEW ## NOTES TO THE FINANCIAL STATEMENTS **For the year ended 31 March 2023** ## 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## 1.9 Charitable Activities Charitable activities are for improving the lives of children and young people in situations of conflict and poverty. We do this by working to support children’s education, learning and protection. Costs of charitable activities include grants payable and other costs directly associated with teacher training, school building, child protection and an apportionment of overhead, support and governance costs. ## 1.10 Tangible Fixed Assets Tangible fixed assets costing more than £5,000 are capitalised. Depreciation is provided on tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful lives as follows: - Furniture and office equipment over 4 years • Computer equipment over 3 years • Motor vehicles over 4 years At the end of each reporting period, the residual value and useful lives of assets are reviewed and adjusted if necessary. In addition if events or changes in circumstances indicate that the carrying value may not be recoverable then the carrying values of tangible fixed assets are reviewed for impairment. Programme assets are not capitalised. ## 1.11 Investments Investments are shown in the balance sheet at their market value. The market value of investments is determined by reference to stock exchange prices at the balance sheet date. ## 1.12 Gifts in Kind Goods facilities and services donated for the charity’s use, where the benefit is quantifiable and the goods or services would otherwise have had to be purchased, are recognised in the Financial Statements, as both income and expenditure, at a reasonable estimate of their value in the period in which they are donated. ## 1.13 Financial instruments The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## 1.14 Employee benefits The costs of short-term employee benefits are recognised as a liability and as an expense. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. STREET CHILD ANNUAL REVIEW 63 **For the year ended 31 March 2023** ## NOTES TO THE FINANCIAL STATEMENTS Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## 1.15 Pensions Contributions to the company's defined contribution pension scheme are charged to the profit and loss account in the year in which they become payable. ## 1.16 Leases Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease. ## 1.17 Foreign exchange transactions Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each re- porting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in net income/(expenditure) for the period. ## 1.18 Basis of Consolidation These consolidated financial statements consolidate the results of Street Child and its wholly-owned subsidiaries Sierra Leone Marathon Limited, Street Child International, Children in Crisis Limited, Lessons for Life Foundation Limited, Build Africa Limited, Street Child Trading Limited and Africa Educational Trust on a line by line basis. Bread and Water for Africa was acquired on 1 April 2022 and has been accounted for using the acquisition method of accounting. All of the assets and liabilities that exist at the date of acquisition are recorded at their fair values reflecting their condition at that time. All changes to those assets and liabilities and the resulting surpluses or deficits that arise after the group has taken control of the subsidiary are charged to the post acquisition statement of financial activities. All intra-group transactions and balances between group companies are eliminated on consolidation. ## 1.19 Critical accounting estimates and judgements In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. in the view of the Trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year. ## 2 Legal status of the charity The charity is a company limited by guarantee and has no share capital. The members of the charity are the trustees listed on page 77. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. 64 STREET CHILD ANNUAL REVIEW NOTES TO THE FINANCIAL STATEMENTS **For the year ended 31 March 2023** STREET CHILD ANNUAL REVIEW 65 ## NOTES TO THE FINANCIAL STATEMENTS **For the year ended 31 March 2023** 66 STREET CHILD ANNUAL REVIEW NOTES TO THE FINANCIAL STATEMENTS **For the year ended 31 March 2023** STREET CHILD ANNUAL REVIEW 67 NOTES TO THE FINANCIAL STATEMENTS **For the year ended 31 March 2023** 68 STREET CHILD ANNUAL REVIEW NOTES TO THE FINANCIAL STATEMENTS **For the year ended 31 March 2023** STREET CHILD ANNUAL REVIEW 69 ## NOTES TO THE FINANCIAL STATEMENTS **For the year ended 31 March 2023** 70 STREET CHILD ANNUAL REVIEW ## NOTES TO THE FINANCIAL STATEMENTS **For the year ended 31 March 2023** STREET CHILD ANNUAL REVIEW 71 ## NOTES TO THE FINANCIAL STATEMENTS **For the year ended 31 March 2023** 72 STREET CHILD ANNUAL REVIEW NOTES TO THE FINANCIAL STATEMENTS **For the year ended 31 March 2023** STREET CHILD ANNUAL REVIEW 73 NOTES TO THE FINANCIAL STATEMENTS **For the year ended 31 March 2023** 74 STREET CHILD ANNUAL REVIEW Ost STR NIML RE WITH THANKS TO THE MORE THAN 150 LOCAL PARTNERS WE WORK WITH ACROSS 21 COUNTRIES 76 STREET CHILD ANNUAL REVIEW ## LEGAL AND ADMIN INFORMATION THE TRUSTEES WHO SERVED DURING THE YEAR AND UP TO THE DATE OF APPROVAL OF THE FINANCIAL STATEMENTS WERE: **D Ashcroft G Cipparrone G Heffernan E Kohnstamm Rev D Lloyd N Mason K Mistry J Ryan A Salvato J Streets (resigned 19th December 2023) M Van Den Berg A Wallersteiner A White D Collison L Davies S Hughes C Queree (appointed 1st April 2022)** ## AUDITORS: **Moore Kingston Smith LLP Chartered Accountants 9 Appold Street London EC2A 2AP** ## BANKERS: **National Westminster Bank PLC, 250 Bishopsgate, London, EC2M 4AA** ***All names of have been changed in line with Street Child’s Safeguarding and Child Protection policies.** **Street Child | Registered Charity no: 1128536 | Registered Company no: 06749574 (England and Wales) | Registered Address: 33 Creechurch Ln, London EC3A 5EB, United Kingdom | info@street-child.org | 020 7614 7696 | @streetchilduk** STREET CHILD ANNUAL REVIEW 77 info@street-child.co.uk www.street-child.org @streetchilduk @streetchildcharity 000 ~~d~~ 78 STREET CHILD ANNUAL REVIEW