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2024-03-31-accounts

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CONTENTS

CONTENTS
About Us .............................................................................................................................................. 1
From our CEO and Founder ................................................................................................................. 2
Our 2023/24 Highlights ....................................................................................................................... 5
Fifteen Years of Street Child - The Story.............................................................................................. 7
Programme Highlights:
West Africa (EFECT) .................................................................................................................. 11
Democratic Republic of Congo ................................................................................................ 14
Northern Mozambique ............................................................................................................ 16
Uganda..................................................................................................................................... 17
Afghanistan.............................................................................................................................. 19
Nepal........................................................................................................................................ 22
Ukraine..................................................................................................................................... 25
Elevating Local Leadership [ELLIE]............................................................................................ 29
South Asian Assessment Alliance............................................................................................. 32
Additional Programme Achievements from 2023-24.............................................................. 33
Fundraising & Communications:
Fundraising Campaigns ............................................................................................................ 35
Philanthropy............................................................................................................................. 41
Events ....................................................................................................................................... 42
Corporate Partnerships............................................................................................................. 44
Financial Review .................................................................................................................................. 49
A Final Word from our Founder and CEO and our Future Plans ......................................................... 52
Key Risks ............................................................................................................................................. 53
Structure, Governance & Management .............................................................................................. 54
Statement of Trustees’ Responsibilities .............................................................................................. 56
Auditor’s Report .................................................................................................................................. 57
Consolidated Statement of Financial Activities ................................................................................... 62
Group Balance Sheet ........................................................................................................................... 63
Charity Balance Sheet .......................................................................................................................... 64
Consolidated Statement of Cash Flows ............................................................................................... 65
Notes to the Accounts ......................................................................................................................... 66
Legal and Admin Information .............................................................................................................. 82

ABOUT US

Street Child is an international children’s charity working for a world where all children are safe, in school, and learning . Since its founding in 2008, Street Child has reached over 1.4 million children in over 20 of the world’s poorest and most disaster-hit countries , including Nigeria, Cameroon, Afghanistan and Somalia.

The charity works in challenging contexts - countries devastated by poverty, struck by natural disasters, impacted by ongoing conflict, or recovering from war. Barriers to education are often complex and interconnected, so Street Child takes a holistic approach to ensure children not only return to school but thrive. This includes building schools, training teachers, reuniting families, supporting caregivers to develop sustainable livelihoods, and providing emergency aid and mental health support.

Street Child works closely with hundreds of local partners, championing community-driven responses to deliver effective, long-term change.

Recognised globally, Street Child has won prestigious awards, including from the Library of Congress, and was the international charity for The Times Christmas Appeal in 2023, raising a record-breaking £1.5 million .

Find out more at www.street-child.org.

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© Richard Pohle
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A girl concentrates during a lesson at a Street Child temporary learning centre in Maidaguri, Nigeria

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street child annual review

A WORD FROM OUR CEO AND FOUNDER

I am delighted to announce that this year Street Child made a material contribution to the ability of 577,492 children to be ‘safe, in school and learning’, including:

It is also hugely pleasing to be able to once again share record financial results for the charity with ~~both~~ ~~UK charity income and charitable expenditure~~ at their highest-ever levels . Indeed, Street Child has now achieved year-on-year income growth in seven of the past eight years (and the one we didn’t was the first 12-months of COVID!).

It has felt busy too! We are delighted to share some illustrative highlights from across our portfolio with you in the coming pages - spanning the charity’s largest project across three countries in West Africa , where the charity began; though to our newest major programmes responding to the conflict in Ukraine ; and a number of far-less heard about but no-less horrific wars in Mozambique and DR Congo ; to our two major programmes in Asia, Nepal and the forgotten tragedy that is Talibanadministered Afghanistan ; and a showcase of our two flagship localisation initiatives , the ‘Localisation unit’ approach in Uganda and our global ‘Elevating local leadership in emergencies’ initiative with USAID.

Everything that is central to Street Child’s approach is captured across these case studies:

We have also taken a few moments to look back this year - in November 2023 the charity marked fifteen years since the first four social workers took to the streets of Makeni, Northern Sierra Leone with a plan to help one hundred children. It has been a journey. But above all I love the mindset within the charity of ‘ we are just beginning ’, a tagline we deliberately deployed throughout our fifteen-year anniversary messaging. Yes, we are proud of fifteen years, having supported the education of a million children and spreading our impact across more than 20 countries . But much more to the point, just at primary-school level alone, there are tens of millions of children out-of-school altogether - and hundreds of millions in schools where they are learning very little . These are huge numbers which demand a huge response - which is why we are avowedly ambitious about our desire to continue urgently growing the scale, and quality, of our organisation.

Being chosen as the international charity for the Times and Sunday Times 2023 Christmas Appeal straddled both these emotions neatly. It was an honour and recognition of where we have come from to be selected for such a sought-after slot - candidly, seeing Street Child’s work written up by some of the nation’s finest journalists day-after-day was ‘pinch me’ stuff.

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A WORD FROM OUR CEO AND FOUNDER

But above all it was an awesome opportunity to put our work, and the children we work for, in front of new audiences.

I had two favourite Times articles, if I’m allowed to admit that. Firstly, there was a piece by the incredible Anthony Loyd (who I remember interviewing my father, as a UN/NATO commander in the Balkans in the mid-90s) where he went back and met a number of the very first young people supported by the charity, back in 2008 - in particular Alima.

A young pupil, Mustapha is the hero of Richard’s story, as he successfully seeks to ‘locate the number 7’. I don’t know him of course but I’ve often thought of Mustapha this year. When we think of scale of need, and the corresponding need for ambitious response - we think of stats like the fact that Nigeria is home to 20 million out of school children.

Then secondly, staying in West Africa, I especially loved Richard Assheton’s piece entitled, “A hunger to learn in a remote Nigerian village” which depicted the challenge, importance and drama of learning in one of the many schools Street Child are supporting in the Boko Haram conflict zone of Northeast Nigeria.

In fact for anyone coming to Street Child for the first time and wanting to understand us better - just direct them to the page on our website that hosts all The Times’ articles. Read those - and you will really know us, and hopefully be persuaded to join the mission!

You can access the Times articles here: street-child.org/the-times-christmas-appeal-2023/

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street child annual review

A WORD FROM OUR CEO AND FOUNDER

One more development worth sharing, which like The Times, both represents a powerful opportunity for influence - and a proud moment for a charity that only fifteen years ago used to hold (lively!) meetings of our entire staff in a small West African thatch hut.

In October 2023 Street Child was elected to the High Level Steering Group (Board equivalent) of Education Cannot Wait (ECW), the UN’s fund for education-in-emergencies . For at least two years, Street Child will serve as the ‘representatives of the INGO community’ in ECW’s governance structures - following on from World Vision, Save the Children and Plan International, the three previous organisations to have held the role.

Whilst we occupy the INGO seat, we have also been explicitly appointed as an acknowledged champion for the power of local organisations.

In ECW’s press release announcing our appointment, they commented,

“Street Child…brings an intense focus on local action to ECW governance. Street Child will support ECW in delivering effective immediate responses for children while also building sustainable local capabilities for long-term results”

Which I think sums up the essence of Street Child nicely.

Finally, but above all really, I want to thank everyone whose support for Street Child, in whatever shape or form, enables what we are able to do for children around the world everyday. Simply put, we are enormously grateful. I hope what you read in these pages excites you!

Yours sincerely, Tom

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© Jack Hill/The Times
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Sierra Leone’s most infamous slum, Kroo Bay, is home to 10,000 people but has only one school operated by Street Child’s partner We Yone Foundation.

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STREET CHILD IN 2023-24

£21.5 MILLION OF INCOME

WHERE WE WORK

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moldova ukraine
; turkey afghanistan
libya Pakistan
morocco
syria
ail s myanmar
Central African
Republic
nigeria bangladesh
south sudan
sierra leone uganda somalia
liberia
ghana
cameroon kenya
sri lanka
rwanda
dr congo burundi
mozambique
nepal
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“STREET CHILD OFFERS A WAY OUT OF POVERTY AND ILLITERACY FOR CHILDREN ACROSS THE WORLD”

~ The Times Editor

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IN 2023-24 ALONE,

we supported 226,581 653,448 children and adults children were across all areas of supported directly our work into education

children were reached 151,321 with mental health and psychosocial support

993 classrooms were constructed or renovated ~~i~~ across 294 schools

zon”

WE SUPPORTED over 13,280 THE TRAINING OF CAREGIVERS supported through our 10,029 family business TEACHERS scheme e” ~ 2

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FIFTEEN YEARS OF STREET CHILD - THE STORY THE FIRST 10 YEARS

2008/2009

In Christmas 2008, seven months after Tom’s first trip to Sierra Leone, Street Child’s first project opened for 100 children living on the streets of Makeni, northern Sierra Leone. In 2009 the project grew to 170 children – almost all of whom were back into a family and in education by September. Recognising an opportunity to support more children, Street Child started to fundraise for the first time.

2010

In 2010, our ‘ Family Business for Education ’ initiative was launched with the first 100 grants being distributed to families in Sierra Leone. We also launched our rural schools work in five extremely remote villages in the north of Sierra Leone.

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ee
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2011

Street Child Commercial was launched in Sierra Leone in 2011, including the famous Clubhouse in Makeni: serving ‘ the best pizza in the north of Sierra Leone ’, cold beer and more! The profits and profile helped to grow our work with rural schools and street children. Street Child also received its first grant from a trust, thanks to the Waterloo Foundation.

2012

On 9 June 2012 hundreds of locals and 120 international participants took part in the first, utterly amazing, Sierra Leone Marathon . To date, thousands of locals and international fundraising participants have taken part and over £2.5m has been raised to support Street Child’s projects.

2013

On the eve of the second Sierra Leone Marathon, the UK’s Government’s Department for International Development (DFID) confirmed their first contract with Street Child , asking Street Child to lead on the ‘out of school child’ strand of their 2013-16 Sierra Leone Education Plan. 2013 also saw Street Child expand into 100 rural schools and all major towns in Sierra Leone.

2014

In 2014, Street Child moved into Liberia and our first DfID UK Aid Match appeal was launched, and raised £1 million, which was doubled to £2 million thanks to the UK government. Then the total, utter horror of Ebola struck. By mid-2015 Street Child had helped protect 250,000 people through Ebola education and had cared for 12,000 orphans.

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FIFTEEN YEARS OF STREET CHILD

2015

2015 saw Ebola mercifully, fitfully, fade. A huge Street Child effort helped over 100,000 children, including Ebola orphans, back to school after nine months out. The devastating earthquakes in Nepal prompted Street Child’s first mission in Asia, working with Unicef to set up 40 temporary learning centres in the district of Okhaldhunga, which provided 1,595 children with a chance to go to school.

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Children absorbed in a lesson in Nepal
© Street Child
al NQ
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2016

In 2016, Street Child’s second UK Aid Match appeal ‘Girls Speak Out’ launched, with a focus on helping adolescent girls and young mothers back to school . The year also saw Street Child build over 400 semipermanent classrooms in Nepal (by mid-2017); 75 government school classrooms in Sierra Leone and saw Street Child join the Liberian education Public Private Partnership (PPP) pilot programme, managing 12 primary schools. Our first scoping mission was launched in Northeast Nigeria.

2017

In 2017, Street Child of Nigeria was formed and began to educate and protect children hit by the Boko Haram crisis. Following the devastating mudslides in Freetown, Sierra Leone, Street Child served 100,000 meals in six weeks to those affected. We saw strong cost:impact results in year one of Liberian education PPP pilot programme and UK Aid Direct awarded Street Child a grant for work with Musahar girls in Nepal.

2018

The 25-year old Children in Crisis (CiC) charity became a part of Street Child, bringing work in the Democratic Republic of Congo (DR Congo), Afghanistan and Burundi into Street Child. Street Child of Nigeria grew rapidly, helping 20,000 children impacted by Boko Haram. The ‘1,000 rural schools’ initiative (now called Schools for Tomorrow) was launched in Sierra Leone. Street Child of Uganda was launched in response to the refugee crisis, launching its first project for South Sudanese refugees in partnership with Education Cannot Wait (ECW). The charity is now active in six countries and has impacted the education of over 200,000 children.

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FIFTEEN YEARS OF STREET CHILD THE LAST 5 YEARS

2019

Street Child enters a game-changing partnership with Liberty Global plc - when the 'Lessons for Life' charity, created in 2007 by Liberty Global executives, merged into Street Child. Liberty Global's direct support, and that of its wider commercial network activated principally through a stunning annual gala and 2-day cycle challenge transform Street Child's critical unrestricted, and wider-corporate, income.

A further charity, ' Build Africa ', with a proud history in Uganda and Kenya also join Street Child in October 2019. Street Child's 'Family Business for Education' programme wins a prestigious WISE award at the World Innovation Summit for Education in Doha, Qatar

2020

COVID brings the world to a shuddering halt. But children's needs are greater than ever - drawing initially on the unique experience gained in the 2014/15 Ebola crisis, Street Child strains every sinew to protect our communities from the virus, respond to the associated humanitarian crisis and keep as much learning going as possible. Our response touches 5.6m lives.

Completing a remarkable sequence of four integrations in thirty-months, the 'Africa Education Trust' also became part of Street Child in late 2020 - bringing significant capability and heritage in South Sudan, Somalia and Somaliland in particular. New country programmes also gather pace in Mozambique and Cameroon .

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A classroom in Palabek ;
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2021

COVID gradually begins to fade. Efforts to support at-home learning are gradually replaced by efforts to kickstart normal schooling. Autumn 2021 sees a series of joyful in-person fundraising events.

The Taliban retake power in Afghanistan . Yet Street Child are able to push forwards both with pre-existing plans/funding to significantly scale operations - as well as new initiatives to respond to the additional crisis. Over 100,000 children materially benefit from Street Child learning and protection programmes in Afghanistan from 2021-2023, during which time it is comfortably the charity's largest programme.

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FIFTEEN YEARS OF STREET CHILD

2022

Within 24 hours of the dramatic escalation of the war in Ukraine , Street Child launch an appeal. By 2024, Street Child Ukraine had directly supported over 30 local organisations, protecting children and education across the country but especially close to the conflict-lines. Street Child Ukraine remains one of the charity's largest programmes.

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Children engage in creative activities in a Child Friendly Space > «M ¥ me a
in Ukraine, supported by Street Child © Street Child
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Street Child continues to grow in West Africa - launching our largest programme to date: a 4-year project, in partnership with Educate a Child, to support 96,000 out-of-school children into education in Sierra Leone, Liberia and Nigeria.

Street Child are proud to receive the David M. Rubenstein prize , awarded for 'an outstanding and measurable contribution to increasing literacy levels' from the Library of Congress, the world's largest library.

2023

The charity's busiest, and biggest, ever year by any measure is capped with the wonderful honour of being the international charity chosen by the Times and Sunday Times as their 'Christmas charity' - the campaign sees a series of brilliant articles published over 2-months, UK Aid Matching and record-breaking fundraising. International income from Street Child's young but growing EU and USA operations also hits new heights.

Street Child is honoured to be elected to Education Cannot Wait's High Level Steering Group (HLSG), chaired by Gordon Brown and Executive Committee (Excom) - serving a two-year term representing international charities, taking over from World Vision.

Street Child celebrates 15 years since the day it first helped a child back into school. And having gone on to have materially supported the education of over one million children .

1M+ CHILDREN

SUPPORTED INTO EDUCATION

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MAJOR PROGRAMME SPOTLIGHT 1. WEST AFRICA

48,638 and counting: half-way through Street Child’s largest-ever programme

Street Child’s flagship West African programme for out-of-school children, the Education For Every Child Today (EFECT) initiative, saw excellent results in its second year of implementation.

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Nigeria
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Sierra Leone
Liberia
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“Education for Every Child Today” (EFECT) in Liberia, Nigeria, Sierra Leone.

Year two of the four-year programme, the charity’s largest and most ambitious to date, saw 31,794 formerly out-of-school children enrolled into education . Moreover, 97% of the children who enrolled in the 2022/2023 academic year were retained for a second year of education - 16,386 children. In total therefore, 48,638 formerly out-ofschool children across Sierra Leone, Liberia and Northeast Nigeria were in school as a result of the programme’s support.

shoulder to shoulder with local partners, to combat social, economic, infrastructural and instructional barriers for children to access their right to quality education.

97% OF CHILDREN RETAINED FOR A SECOND YEAR OF EDUCATION

In partnership with the Education Above All Foundation’s Educate A Child (EAC) programme, the ambitious EFECT programme ultimately aims to help 96,000 vulnerable, primary school-aged children in Sierra Leone, Nigeria and Liberia realise their right to quality primary education over four years. The 48,638 children successfully enrolled by the end of year two represent just over 50% of our four-year target.

Street Child’s distinctive programme model builds on more than a decade of similar work, working

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LIBERIA, NIGERIA & SIERRA LEONE

Our first year was focused on establishing relationships with local communities, building schools and learning centres, training teachers, supporting families with social and economic support, to enrol children, many for the first time ever, all done in partnership with EAA’s Educate A Child programme and Street Child of Sierra Leone, Street Child of Liberia, with support from Qatar Fund for Development (QFFD) and 3 Nigerian partner NGOs - ROHI, COCOSHODI and ZSF.

A further 31,794 children were then enrolled in the 2023/2024 academic year, whose progress we are tracking closely. Whilst the retention of children is our key metric, there are other highly promising indicators of the value that the programme is having to date:

IN NORTHEAST NIGERIA...

temporary learning 54 centres established

classrooms refurbished 46 to create non-formal learning environments 100% children passed their exams and successfully transitioned into formal school

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A woman stands in front of a shop she established with
help from a Street Child grant © Street Child
8AJ ||: ‘Fae SFp= Te
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One component of EFECT includes combatting economic barriers to education , by supporting caregivers with business training and grants to earn enough income to invest in their children’s education. Of the 3,700 caregivers who received business grants in year one, 97% met their savings targets and have profitable, thriving businesses. The low dropout rate of caregivers highlights the positive impact of EFECT’s holistic model , which responds to social and poverty barriers at the household level.

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97% of
CAREGIVERS
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who received business grants met their savings targets and have profitable businesses

Looking forward to the 2024/2025 school year, we expect to refurbish a further 40 classrooms and 10 temporary learning centres in Nigeria, as well as establishing 16 schools in Liberia. We expect to train 277 teachers under the programme and are retargeting at least 36,000 out of school children across Liberia, Sierra Leone and Nigeria to enter with our support.

EFECT remains a top funding priority for Street Child. With 80% of the funding secured, we continue to seek consortium funding partners to collaborate with us in this high impact initiative, to secure years 3 and 4 of this partnership.

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CASE STUDY: EMPOWERING CHILDREN AND CAREGIVERS

Mariama, an 8-year-old from Freetown, Sierra Leone, had never attended school. Her mother, Adama, a single parent and partially sighted, faced significant barriers to employment, leaving her unable to afford Mariama’s education. Social exclusion due to Adama’s disability further isolated the family, cutting them off from community support.

In partnership with the EAA’s Educate A Child (EAC) programme, Street Child enrolled Mariama into a local school and provided her family with vital financial and social support through the EFECT programme. Adama received counselling to help her navigate her disability and guidance on how best to support Mariama’s education. She also benefitted from a grant and financial literacy training through the Family Business Scheme, enabling her to start a small business. The EFECT programme’s holistic approach empowers Adama to sustain Mariama’s education long-term while fostering her own independence.

Mariama’s progress will be closely monitored, ensuring she thrives as she embarks on her learning journey. Street Child is providing both Mariama and Adama with the tools which will empower them to take control of their futures.

*Names have been changed for Safeguarding and Protection purposes

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MAJOR PROGRAMME SPOTLIGHT 2. DEMOCRATIC REPUBLIC OF CONGO

Development and crisis response amidst old and new conflicts

Street Child continued to respond to significant needs of children affected by conflict in East DRC in 2023/2024, in collaboration with Oxfam, Tearfund, ECHO, and our local partners.

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Street Child has provided education to over :
22,000 children in conflict-affected areas of DRC
© Street Child bi rere ee SA— Le;
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; . ‘ Ituri y
North Kivu
Mai-Ndombe
South Kivu
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1. ‘MERCI’ Project, South Kivu

Street Child concluded its two-year ECHO funded project, entitled ‘MERCI’ in March 2024, in partnership with Oxfam and local partner EMI. 20 schools were supported in the Moyen and Haut Plateau d’Uvira as hubs for children and communities to access services in education, protection, WASH and livelihoods. Despite immense and multi-dimensional challenges, the programmes achievements are significant:

Taken together, the ‘MERCI’ Project initiatives contributed to 80% of students reporting they feel safe in and around school grounds.

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DEMOCRATIC REPUBLIC OF CONGO

2. ‘RESPECT’ Project, North Kivu

By March 2024, Street Child had almost concluded a second ECHO-funded programme, entitled RESPECT - in partnership with Tearfund Netherlands and our local partner Umoja in Action (UiA). The project directly built on the gains and lessons of a privatelyfunded pilot programme in 22/23, ‘Elimu kwa Ukingo’.

Despite the rapidly deteriorating security situation in the Lutshero and Rubero project territories, Street Child and partners worked together with 10 communities to provide access to life-saving and life-sustaining WASH and protection in emergencies services for children affected by the M23 crisis.

Working on 10 school sites, the project:

Moreover, each school site was resourced with WASH and greening resources. The project also saw 375 unaccompanied and separated children successfully reunited with their families .

28 classrooms rehabilitated after impacts of conflict

3. ‘ESSAYS’ Project, Kwamouth

In Mai-Ndombe province, in Western DRC, a rapidly escalating and violent conflict between two communities displaced thousands of children during the course of the reporting period. Street Child mobilised with a rapid response initiative, generously funded by a private donor. ‘Emergency Support to a Smoother Academic Year Start’ (ESSAYS) which facilitated the enrolment of 800 conflict-affected children back into education .

By March 2024, Street Child had strong hopes of securing an opportunity to build on this pilot to launch a larger scale 1 million euros ECHO-funded project. This would provide education and protection services in collaboration with Caritas International Belgium.

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Children in the Democratic Republic of Congo
practice maths © Street Child
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MAJOR PROGRAMME SPOTLIGHT 3. NORTHERN MOZAMBIQUE Responding to the impact of the Cabo Delgado crisis

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Cabo
Delgado
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Street Child ramped up its activity in Mozambique in partnership with UNICEF, to respond to the acute needs of children in northern Mozambique affected by insurgency.

Street Child has been implementing a multi-sectoral project for conflict-affected children and caregivers in 22 communities across the Districts of Balama, Mecuf, Mueda, Montepuez and Palma.

The project has brought together three excellent local partners with highly complementary fields of expertise education-experts, Progresso; Wiwanana Associação , who led technical vocational component; and MHPSS experts, Comite para Saúde de Moçamcique (CSM) .

By March 2024, we had provided Mental Health/Psycho-social support (MHPSS) and case management services to 64,608 conflict affected children (32,450 boys and 32,158 girls). Specific achievements included:

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Children play games in
ae z= > aa i a
Northern Mozambique © Street Child
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MAJOR PROGRAMME SPOTLIGHT 4. UGANDA

A new approach to localisation with ECW

‘Localisation’ is a buzz word that is far from new in humanitarian circles, indeed few proper programmes are complete without some ‘nod’ to the localisation agenda. For Street Child, localisation is not a concept to be explored, or worse a ‘box to be ticked’. It is at the heart of our view of how humanitarian funds can be urgently deployed for maximum impact.

From 2021-2023 we worked under a special grant from Education Cannot Wait (ECW) , the UN’s fund for education-in-emergencies , to support ECW in developing strategies that could significantly enhance opportunities for local actors to become key participants in their programmes.

In 2022, a remarkable opportunity arose in Uganda, coinciding with ECW's transition into its next programming cycle. This moment provided a unique chance to implement several of Street Child’s most important recommendations. That year, ECW and Save the Children, ECW’s principal grant-manager in Uganda, accepted a proposal from Street Child to form a ‘ localisation unit ’. This would receive a ringfenced portion of all ECW funding in Uganda from 2023-2025, solely to distribute to local organisations. The impact has been phenomenal on all levels. From 2019-2022, 8% of ECW funding in Uganda flowed to local organisations. Since the formation of the Street Child localisation unit, this level has risen to 29%.

Six superb Ugandan organisations have received funding from the Street Child localisation unit, in addition to Street Child’s long-term partner, AWYAD who received a grant directly, in open competition with INGOs through the main application window operated by ECW’s grant-manager, Save the Children. In 2019-2022, AWYAD in collaboration with Street Child, were the only local NGO to receive ECW funding. [https://awyad.org/]

The foundational step of the localisation unit approach is the ring-fencing of funds. This creates a dedicated space where local organisations are not competing against INGOs, whose resources and expertise in the traditional key areas for developing a successful application almost always outstrip a local entity; drafting, communications, networking.

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Yumbe Lamwo Kitgum
Lira
Masindi
Apac
Hoima ee cane)
Kyenjojo ir k
Ntungamo
Kampala
ye Lyatonde
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thank you to our localisation unit partners in
UGANDA
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The next step is tailoring the application process in such a way that it gives the organisations with the highest delivery capabilities (as opposed to the best bid-writing capabilities), the very best chance to shine through. Transparent and widely publicised calls for proposals were launched for each funding round; with longer than usual deadlines, streamlined application forms; and a well publicised webinar. This included a Q+A, designed to support applicants to write their best bids, a key building block of the selection process.

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UGANDA

Then once selected, a strong, collaborative relationship with Street Child , as the localisation unit manager, commenced. Ultimately Street Child and the Localisation Unit take on responsibility for meeting all donor requirements. A constructive due diligence exercise identifies areas requiring immediate action, with Street Child support, before the grant can begin. The due diligence exercise also identifies less urgent (but not necessarily less important) areas where action can be taken over the life of the grant, with Street Child support, to strengthen the long-term health of the partner.

Finally, Street Child plays a critical supportive role to the partner in delivering their programme with regular monitoring visits and open availability for technical support.

The ‘Localisation Unit’ approach in Uganda has powerfully demonstrated the potential of a mechanism that, whilst still fulfilling all key donor requirements, has enabled a dramatic increase in local participation in ECW’s Uganda programming. Moreover, with the experience under their belt and the capacity strengthening support from the Localisation Unit, the seven local organisations will be much better placed to compete directly with INGOs in any further ‘open’ calls. This coupled with the continuation of the ‘Localisation Unit’ approach would guarantee, over time, that the proportion of funding heading to local organisations will incrementally increase.

To learn more about the Localisation Unit model, and recommendations to other actors on how to replicate the model , visit this blog hosted on ECW’s website, “Localisation by design - learnings from Education Cannot Wait’s latest investment in Uganda”.

More broadly, as referenced in the CEO’s letter, Street Child are thrilled to have joined ECW’s

Governance structures , following World Vision, Plan and Save the Children as the ‘Civil Society Representatives’. In 2023/2024 Street Child were privileged to help deliver ECW programmes in Nigeria, Afghanistan, Somalia and Pakistan, in partnership with many inspiring local organisations.

FROM 2019-2022, 8% OF ECW FUNDING IN UGANDA FLOWED TO LOCAL ORGANISATIONS. SINCE THE FORMATION OF THE STREET CHILD LOCALISATION UNIT, THIS LEVEL HAS RISEN TO 29%

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MAJOR PROGRAMME SPOTLIGHT 5. AFGHANISTAN

Over 23/24, Street Child was proud to implement multiple large-scale, life-sustaining interventions for 45,000+ children and caregivers, and their communities. Afghanistan continues to face uniquely complex, compounded crises that have left more than half the population requiring aid; and an especially devastating situation for girls and women.

A stream of decrees came forth throughout the year, limiting female access to education, as well as access to employment and economic opportunities, including work for international non-governmental organisations. A decree was also issued prohibiting international organisations operating educational interventions. This had dramatic consequences for Street Child who as recently as 2022 operated over 1,000 Community-Based Education Centres across the country.

Street Child sought to confront the threat to existing education gaps, and the threat to an entire generation of children, especially girls, with excellent local-level partnerships , resourcefulness and resilience.

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Sarepul
Balkh
Zabul
Urzugan
Helmand
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45,000+ CHILDREN and caregivers SUPPORTED

Urzugan

In Urzugan, a province where up to 99% of girls were out of school prior to our programmes – a partnership with Education Cannot Wait [ECW] and the United Nations Children’s Emergency Fund [UNICEF] saw Street Child provide critical community education to 14,715 children, including 5,797 girls .

Our local-led, local-first approach then allowed us to assure strong, seamless transitions of 442 education centres and cohorts of children into the care of an excellent local-level organisation, as the ban on international organisations operating educational interventions came into force.

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AFGHANISTAN

Street Child was also appointed as the Inclusion Lead for the Education Cannot Wait Multi-Year Resilience Programme. Street Child worked in close collaboration with the Accessibility Organisation for the Afghan Disabled [AOAD] and the Enabled Children Initiative [ECI] to create comprehensive, contextualised tools and training packages for partners. These supported the identification of children with disabilities, interventions or inclusion of children with disabilities in classrooms, and increased community awareness of disabilities and disability inclusion.

Open Distance Learning Programme

Street Child responded to restrictions on girls education with an Open Distance Learning [ODL] programme targeting 1,500 out of school children who had completed grade 6. We designed and developed distance learning resources in local languages, including interactive textbooks and workbooks, in close collaboration with Cambridge Partnership for Education . These resources were paired with week-to-week progress meetings with tutors, who provided specific support. The programme achieved remarkable results for children, with scores improving from an average of 31% to 70% in the pilot period , proving the potential of our approach as an alternative avenue of learning for out-of-school children in Afghanistan.

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Street Child was also pleased to partner with the Malala Fund to explore engaging girls excluded from education. A pilot project entitled, ‘Safe and Connected Learning’ plans for life-sustaining information and learning through audio-visual recordings and resources for 750 girls in Kabul , with a strong focus on supporting girls to stay safe amidst a changing landscape and curtailing of learning and life opportunities.

Support for Afghan Returnees

On 3 October 2023, a state level committee in Pakistan announced a plan to repatriate more than a million foreigners living in Pakistan, leading to the return of 725,000+ Afghans, including children who have never seen or set foot in Afghanistan . Street Child launched a major response - providing protection services and support to 3,000+ returnees at the point-of-return, the Transitional Refugee Returnee Camp [TRRC] in Torkham. This was supplemented with protection programmes that included Child Friendly Spaces, case management, and family tracing and reunification for 21,410 returnees in Baghlan, Daikundi, Faryab, and Uruzgan provinces.

Our programmes focused on creating capacities and community structures to support the safety and security of returnees. This was supplemented with Tent-to-Tent services, including the provision of personalised psychosocial support – as a principal implementer of the UN’s Afghanistan Humanitarian Fund. Street Child also pioneered a Bridge Education Initiative for 350 returnee children, including 200 girls, in Nangarhar province. This initiative provides language learning in Dari and Pashto, allowing learners to acquire capabilities and confidence in local languages and assuring their transition into state schools in Afghanistan.

3,000+ RETURNEES PROVIDED WITH PROTECTION SERVICES

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AFGHANISTAN

Crisis Response

In October 2023, three 6.3 magnitude earthquakes caused devastating damage and destruction, leading to the displacement or death of over 100,000 people in Herat. Street Child leveraged extensive experience and expertise in earthquake response to provide 400 households with essential health and hygiene resources , and to provide physical and psychosocial support. As always, our support was targeted and tailored towards vulnerable groups, including Child-Headed Households and WomenHeaded Households who were displaced and exposed to danger, disease, exploitation, and hunger.

Our role in crisis response was also extended through cash and poultry provisions for 3,750 households , supporting them to survive seasonal climatic changes in Balkh, Sar-e-Pul, and Zabul. A survey of the heads of households showed that this guaranteed a significant safety net, assuring their financial security and safety in spite of shocks. Street Child supplemented these provisions with awareness-raising, advocacy, and activities to assure children could be prioritised and protected in challenging circumstances.

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MAJOR PROGRAMME SPOTLIGHT 6. NEPAL

‘Build the Basics’ project, advancing foundational learning to address gaps in education.

World Bank data shows that Nepal suffered the greatest learning-loss due to COVID of any country in the world. In 2023, Street Child was delighted to launch ‘Build the Basics’ programme to address learning losses amongst 36,000 children in Classes 3 to 5 through coaching, classroom observation, and training for 1,800 teachers across 600 schools in Karnali Pradesh and Madhesh Province, the two lowest performing provinces in Nepal.

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From April 2023 to March 2024, Build the Basics reached and achieved remarkable results for 13,587 students across 234 schools.

After 180 hours of instruction, the proportion of children able to:

read rose from 36% to 73.4%

perform division rose from 6% to 36%

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Play-based, child-led learning in Nepal
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perform subtraction rose from 19% to 41%

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NEPAL

The project implements an innovative child-centred approach which uses personalised and play-based learning, tailored to the pace and preferences of each and every child. The approach uses evidenceinformed strategies such as Teaching at the Right Level [TaRL]. This approach has been the bed-rock of multiple Street Child global education programmes, to advance foundational skills, supported by regular and robust mentoring, monitoring of teacher performance and rigorous measurement of learning levels.

592 teachers

TRAINED IN TEACHING AT THE RIGHT LEVEL [TARL] METHODS

From 2023 to 2024, Street Child trained 592 teachers to ascertain learning levels and appropriate learning activities. From 2024 to 2026, Street Child will achieve results for a further 22,500 children and 1,200 teachers .

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CASE STUDY: TRIUMPH THROUGH TEACHING AT THE RIGHT LEVEL

Seven-year-old Binu* from Nepal lives with her grandmother and younger siblings. In addition to household chores and caring for her family, Binu struggles to balance her responsibilities with her studies, leading to academic challenges. While Nepali is her favorite subject, mathematics has been a persistent hurdle.

Through the Build the Basics program, Binu's teacher, Jha, received specialized training in Teaching at the Right Level (TaRL). This training equipped him with tools to assess students' learning gaps and tailor teaching accordingly.

Using TaRL activities like the basket game, number jump, and clap and snap, Jha created an engaging and supportive learning environment. These activities not only rekindled Binu’s interest in mathematics but also motivated her to practise at home. For Binu, this was the first time learning felt approachable and fun.

The results have been transformative. The TaRL approach has not only improved Binu’s academic performance but has also given her a renewed sense of confidence and possibility.

This success story underscores the importance of teacher training and adaptive learning

strategies in addressing educational challenges Partners recieve training in Nepal © Street Child for children like Binu.

Binu* uses bundles and sticks to help with ed > * SS = number recognition © Street Child oe = Se - : _ ~ os street child annual review ‘ f - 4

*Names have been changed for Safeguarding and Protection purposesstreet child annual review16

MAJOR PROGRAMME SPOTLIGHT 7. UKRAINE

The Russian Federation maintained its attempted occupation of Ukraine, leaving more than 14 million people in need of aid and assistance.

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Our work was supported by many generous donors but was anchored around two major grants from the UN’s Ukraine Humanitarian Fund (UHF).

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Street Child’s response had four hallmarks:

1) We focused our efforts in the East of Ukraine , close to the conflict line, where needs were highest. This is a shift from the first year of the conflict when much effort also went to supporting displaced children and families in the West of Ukraine.

2) We did everything in close partnership with a remarkable collection of over 40 local NGOs and community groups. We delivered together, and we did everything we could to support the growth and strength of these organisations for their future delivery, either in partnership with Street Child, others or on their own two feet.

3) We placed a major focus on responding to the extraordinary burden placed on the mental health of children.

4) We did everything we could to support learning.

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UKRAINE

1. Expanding Education in Emergencies:

Our first flagship project, entitled " Expanding Education in Emergencies ” was delivered by four superb local organisations, with additional specialist support provided by the NGO Resource Centre. Essential education services and support was provided to 28,163 children.

children provided 28,163 with essential educational support

47 schools and learning spaces equipped with heating, insulation and shelters for the winter

teachers trained in 2,450 psychological first aid and mental health support

1,936 teachers equipped with the skills and resources needed to address learning loss

Children playing in a Street Child supported BP Bose. ey Child Friendly Space in Ukraine © Street Child

2. Preventing protection risks and providing protection services and support to the highest-risk categories of children

Our second flagship initiative promoted awareness and abilities to recognise, respond, and improve resilience to risks amongst 29,000 children . The programme partnered with 26 civil society organisations and groups , who collectively provided:

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UKRAINE

Examples of four superb Street Child/community-based organisation collaborations funded under the Preventing Protection Risks programme include:

Divchata

Street Child and ‘Divchata’ designed and delivered Adolescent Sexual and Reproductive Health [ASRH] course for adolescents who demonstrated disengagement and increased exposure to exploitation. This was acknowledged and appreciated as addressing a gap in the core curriculum and awarded certification by the Ministry of Education in Ukraine.

Shelter+

Street Child and Shelter+ arranged accommodation to assure interim care for children and caregivers who had been displaced due to active conflict in Kryvyi Rih, Dnipropetrovsk.

Posmishka

Street Child and Posmishka provided Family Tracing and Reunification [FTR] for children who were abducted and taken, and then repatriated, from the Russian Federation – assuring crucial care, rehabilitation, and reintegration into their communities.

For the Future of Ukraine

Street Child and ‘For the Future of Ukraine ’ launched the first protection programme in Nikopol, Dnipropetrovsk, providing psychological and psychosocial services, and support for children affected by active conflict and constant shelling. This was in response to a request from the UN’s Child Protection Area of Responsibility group.

Street Child’s work in Ukraine was a prominent feature of The Times’ Christmas 2023 Appeal

These three powerful articles written by George Grylls, Marc Bennetts and Tom Ball bring to life the stories and emotion behind these numbers - we would encourage everyone to look them up.

You can access the Times articles here: street-child.org/the-times-christmas-appeal-2023/

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CASE STUDY: PROVIDING A SPACE FOR CHILDREN TO BE CHILDREN

Daryna*, a resilient four year-old from Ukraine, faced unimaginable loss when her father was killed in the fighting in Eastern Ukraine in 2023. In the wake of this tragedy, her family has struggled to cope amid the ongoing conflict.

Through a partnership with the local organization Shelter, Street Child has provided tailored support for Daryna’s family. Daryna and her sister take part in art and drama sessions, offering them a safe space to play, express themselves, and just be children. In one of these art sessions, Daryna painted her dad’s picture instead of her own. These creative activities promote emotional development, communication skills, and overall well-being.

Daryna’s mother, Anna*, also receives psychological support, helping her navigate her own grief while caring for her children. Despite the trauma she has faced, Daryna approaches each session with a positive attitude, eager to learn and connect with other children.

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Thanks to safe environments like these, run by Street Child’s local partners, children like Daryna can process their grief and rebuild a sense of hope.

*Names have been changed for Safeguarding and Protection purposes

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MAJOR PROGRAMME SPOTLIGHT 8. ELEVATING LOCAL * LEADERSHIP IN EMERGENCIES

Elevating Local Leadership in Emergencies [ELLIE] is our flagship, global programme to promote localisation and local-level action across 25 humanitarian contexts and countries, funded by USAID.

Elevating Local Leadership in Emergencies [ELLIE] aims to achieve increases in –

The project has had exciting successes, including:

Sudan

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Sudan
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Street Child supported the Child Protection Area of Responsibility [CP AOR] to administer a localisation survey, and to adopt a dashboard for national-level localisation status synthesis. Street Child also led a two-day localisation workshop , which leveraged the dashboard to develop a Localisation Action Plan for Sudan.

Ethiopia

Street Child is an active member of the multi-sectoral Localisation Working Group chaired by the United Nations Office for the Coordination of Humanitarian Affairs [ UN OCHA ]. The working group supports grassroots organisations operating humanitarian relief and response programmes and has identified representation and resource mobilisations as critical challenges; as these organisations operate deep within conflict and crisis affected communities. The cluster coordinators have requested a resource mobilisation workshop [following the success of the resource mobilisation workshops in Iraq and Ukraine] which is planned for June 2024.

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Ethiopia
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Central African Republic

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Central African
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Street Child assessed awareness of funding opportunities amongst organisations and worked with local-level organisations to create a comprehensive training programme and package on programme design, proposal development, and programme management and monitoring. Street Child also pioneered a

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mentorship programme that pairs experienced, expert professionals with local level organisations, offering ongoing support for them to access and apply for funding.

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ELEVATING LOCAL LEADERSHIP IN EMERGENCIES

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Bangladesh

Street Child supported the Child Protection sub-sector to initiate a Localisation Taskforce with ambitious terms of reference and introduced Organisations of People with Disabilities [OPD], Women-Led Organisations [WLO] and Women-Run Organisations [WRO], and Youth-led Organisations [YLO] to the Localisation Task Force – furthering their future potential to take on positions of leadership. Street Child also supported the creation of a corporate funder map, as a crucial contribution to supporting the diversification of funding for local level organisations.

Colombia

Street Child supported the creation of a case study on co-leadership of local level organisations, leveraging the success of the Localisation Unit in Uganda.

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Colombia
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Ukraine

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Ukraine
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Street Child conducted comprehensive capacity strengthening and surge support, alongside small grants of $12,500 for 30 civil society organisations , community-based organisations, and community groups providing critical services and support close to the contact line.

Street Child also contributed to the review of “Small Grants to Civil Society Organisations” conducted by the United Nations Office for the Coordination of Humanitarian Affairs [ UN OCHA ] in Ukraine.

From 2023 to 2024, Street Child enhanced and expanded our Resource Mobilisation Concierge and Workshop following its success in Iraq, engaging with 80+ local level organisations in Myanmar and Ukraine . As per participant feedback, 100% or organisations reported that they would recommend the workshop to peer organisations, and 100% of organisations expressed interest in additional, advanced resource mobilisation support from Street Child. Street Child is collaborating with cluster coordinators to plan similar workshops in 23/24 for Ethiopia, Somalia, Somaliland, South Sudan.

ELLIE HAS MATERIALLY SUPPORTED: LOCAL-LEVEL 165 ORGANISATIONS and is set to scale and strengthen support to 350+ PARTNERS by the end of 2024

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ELEVATING LOCAL LEADERSHIP IN EMERGENCIES

ELLIE dovetails and intersects with all other major Street Child localisation initiatives, including:

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MAJOR PROGRAMME SPOTLIGHT 9. SOUTH ASIAN ASSESSMENT ALLIANCE

Communicating and collaborating for change

In November 2023, Street Child and our collaborators hosted a conference on “Educational Assessment, Policy and Practice for Strengthening Education Systems” in Kathmandu, Nepal.

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The event brought together educational stakeholders with substantial influence in South Asia, including:

Street Child’s ‘Education Out Loud’ programme with the Global Partnership for Education [GPE] entered its fourth and final phase in this period.

The Street Child convened ‘South Asian Assessment Alliance’, consisting of 129 local level organizations, completed citizen-led assessments of 10,862

children across Afghanistan, Bangladesh, Myanmar, and Nepal . The alliance also conducted capacitystrengthening sessions to support practitioners and policymakers to engage with the evidence. From 2020 to 2023, Street Child and the South Asian Assessment Alliance have been instrumental in introducing and institutionalizing agendas for evidence and learning, alliances and steering committees, and a simple, scalable and sustainable assessment tool. This created significant momentum to strengthen accountability towards children, caregivers and communities.

The event represented a culmination of collaborative efforts, providing an opportunity to reflect on the education landscape and establish an accountability apparatus to track progress against national, regional, and transnational commitments in the Education 2030 Framework for Action and Sustainable Development Goals (SDG) .

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ADDITIONAL PROGRAMME ACHIEVEMENTS FROM 2023-24

The stories are just a snapshot of the organisation’s activities in the year. Headlines from other country programmes include:

Girls Education South Sudan programme

57,517 GIRLS PROVIDED WITH DIRECT FINANCIAL ASSISTANCE

This saw Street Child and partners provide direct financial assistance to 57,517 girls to support and incentivise their ongoing education.

‘Back to school’ in Cameroon

Education Outcomes Fund

The unique experience of participating in the inaugural Education Outcomes Fund programmes in Sierra Leone and Ghana - where Street Child teams have been working to improve standards in 262 Government Schools .

Finally securing proper registration for Street Child of Cameroon and the delivery of a superb lowcost/high-impact ‘back to school’ campaign in late 2023. This saw 4,002 children return to school in the conflict-affected NW/SW region, where most children have been out of school since the unrest began in 2017.

In Ghana, Street Child also supported 17,766 formerly out-of-school children back into education , via an accelerated learning programme.

17,766 out of school CHILDREN SUPPORTED BACK INTO EDUCATION IN GHANA

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ADDITIONAL PROGRAMME ACHIEVEMENTS FROM 2023-24

Partnering with UNICEF in Somalia and Somaliland

A brilliant partnership with UNICEF in Somalia and Somaliland, with Street Child playing a key role in supporting UNICEF and a coalition of local partners to deliver a foundational learning programme, based on the ‘Teaching at the right level’ (TaRL) methodology to over 21,000 children in sites of displacemen t.

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Street Child provided foundational learning to over 21,000 children in displacement sites across
Somalia and Somaliland using the ‘Teaching at the Right Level’ (TARL) methodology © Street Child
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Street Child in Pakistan

The first year of operations of Street Child in Pakistan, where a small but high quality Street Child team has been assembled to provide vital technical support to an Education Cannot Wait-funded programme aiming to reach 31,000 children. Led by Voluntary Service Overseas (VSO) and four local organisations whom Street Child played an instrumental role in bringing together.

Moldova

One of our deepest, and most rewarding Government partnerships to date is in Moldova - where Street Child, in partnership with Global Schools Forum, led the launch of the 2023 to 2026 National Programme of Childcare Services for Children Aged 0 to 3 . Following extensive policy reform and revisions, Street Child were able to pioneer the establishment of 19 Family Creches , the first of their kind in Moldova; and the expansion of 30 Public Childcare Centres, catering to 2,000+ children from Moldova and Ukraine.

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FUNDRAISING & COMMUNICATIONS 1. FUNDRAISING CAMPAIGNS

A highlight of 2023/24 was Street Child’s fundraising campaigns in partnership with flagship media outlets.

THE TIMES AND THE SUNDAY TIMES THE SUNDAY TIMES CHRISTMAS APPEAL

A standout moment was Street Child being named the international charity for The Times and The Sunday Times Christmas Appeal 2023, raising a record-breaking £1.5 million and reaching over 77 million people.

£1.5 million raised

77 million 60 pieces of people reached coverage

A few weeks into the campaign, we were delighted to announce that the UK government had come onboard as a match funder , alongside Boodles, From Babies with Love, and an anonymous donor. The UK government matched eligible donations to the Christmas Appeal up to a value of £500,000, with 100% of the funds going directly towards a programme in Sierra Leone . This programme aims to enrol 4,500 vulnerable children into primary education and support 2,000 caregivers with business training and grants to help them afford the costs of education in the long term. This marked Street Child’s sixth UK Aid Match appeal. The announcement was launched with Dame Helen Mirren on the front page of The Times, followed by an op-ed from Minister Andrew Mitchell and an outstanding article about Street Child’s work in Sierra Leone by awardwinning journalist, Anthony Loyd.

Throughout the eight-week period, the campaign secured more than 60 pieces of coverage in The Times and The Sunday Times . We also secured coverage with a further 17 outlets, including the Evening Standard and The Sun, featuring interviews and comments from our patron, Nick Hewer. The campaign was further amplified on social media by well-known celebrities including Chris Kamara, Penny Lancaster, Vee Kativhu, Sir Rod Stewart, Richard Riakporhe, Ben Kay, Kelly Hoppen, and Martin Bayfield.

A massive thank you for every donation made, article read, social media post shared and fundraising event hosted or attended. As we said when the campaign launched, the appeal couldn’t have come at a better time. More and more children around the world are being denied their basic right to education due to conflict, climate-related disasters, and the rising cost of living. The funds raised through this appeal have already started to have a life-changing impact on the children and families who need it the most.

At the end of the appeal, The Times announced over £2 million had been raised. Street Child raised a recordbreaking £1.5 million , including match funding, and the two other domestic charities, Whizz Kids raised over £398,000 and Feeding Britain raised over £374,000.

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THE TIMES & SUNDAY TIMES CHRISTMAS APPEAL MEDIA COVERAGE

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Children in a classroom in Sierra Leone ly
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THE TIMES & SUNDAY TIMES CHRISTMAS APPEAL MEDIA COVERAGE

board in Sierra Leone © Jack Hill Y 1.H 4) 4 STREET}In support of:

Girls absorbed in a book in Nigeria * 1% © Street Child 7

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FUNDRAISING CAMPAIGNS

RADIO 4 APPEAL

We also secured the BBC Radio 4 appeal, which aired in June 2023 and fundraised for primary school education in Afghanistan. The campaign was voiced by award-winning journalist, chief foreign correspondent of The Sunday Times and Street Child supporter, Christina Lamb . Christina shared the story of Mina, a primary school girl who was able to go to school for the first time thanks to Street Child’s community-based education classes, delivered through local partners. Street Child was joined by Yasmine Sherif,

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f i f t e e n; through the lens of the next generation

To mark Street Child’s fifteenth birthday, we hosted F I F T E E N; Through the lens of the next generation at the OXO Gallery in Southbank, London. This photography exhibition, held in October, showcased a collection of raw and thought-provoking images captured by 15-year-olds in Bangladesh, Nepal, Nigeria, Uganda and Ukraine.

Street Child worked with local photographers in each country to host photography workshops with the 15year-olds. These workshops complemented the education being delivered by Street Child in these communities, allowing the teenagers to express themselves and highlight what it’s like growing up in some of the world’s toughest places.

It was fantastic to welcome over 5,000 visitors to the exhibition , including Sir Rod Stewart, Penny Lancaster, Chris Kamara, and Nick Hewer at our launch event. With a media reach of over 16 million , F I F T E E N was a huge success in celebrating the impact Street Child has had over the last fifteen years and served as an excellent indication of what’s yet to come.

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Budding photographer in Nigeria
© Street Child
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FIFTEEN EXHIBITION AND MEDIA COVERAGE

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FUNDRAISING & COMMUNICATIONS 2. PHILANTHROPY

Philanthropic donors have made a huge contribution to Street Child in 2023/2024. We are incredibly grateful to, and wish to thank every trust, foundation and private donor, many of whom prefer to remain anonymous, for their generous support to Street Child.

The critical role of trusts, foundations and philanthropy cannot be underestimated. These sources underpin the core of the charity, and provide scope to innovate, establish proof points, conduct research, respond fast and match-fund major institutional grants.

To indicate the type of support received from philanthropic donors in 2023/2024, Street Child was awarded

fresh grants of which the total contract value over the life of the grant was £2.5M of restricted funds and

£0.3M of unrestricted funds. This breaks down as follows:

This includes grants which were awarded to our sister organisations in Europe and the US for Street Child’s programmes. Supporting the growth of Street Child’s sister organisations continued to be a major focus in 2023/2024, which also saw the establishment of Street Child Canada.

In July 2023 and January 2024 we were delighted to host ‘Programmes Evenings’. These events bring together philanthropic donors and a number of our programmes leaders for an evening of learning and sharing.

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FUNDRAISING & COMMUNICATIONS 3. EVENTS (INCLUDING COMMUNITY FUNDRAISING)

UNITED NATIONS GENERAL ASSEMBLY (UNGA) AND WORLD ECONOMIC FORUM (WEF)

Street Child was delighted to once again play an active role on the world stage this year, ensuring education is at the forefront of major public policy and advocacy events.

In September 2023, we delivered three events during the United Nations General Assembly (UNGA) in New York, generously hosted by our corporate partners Accenture, Ropes & Gray, and Baker McKenzie. These events brought together key players in international development to discuss forgotten crises, such as Afghanistan, the importance of localisation and working through local organisations, and the need to prioritise education for children in times of crisis.

In January 2024, we returned to Davos , where we hosted two events highlighting the crucial role of collaboration between the private and public sectors. A breakfast forum with our corporate partner Liberty Global was attended by over 30 senior delegates and discussed our work in testing innovative funding models . Later in the week, we were delighted to co-host an Education in Emergencies reception with Infosys, spotlighting the situation in Afghanistan and the potential role for technology to drive efficiencies and improving programming quality across the sector.

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discussion in the Education in Emergencies reception at _ (
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FUNDRAISING EVENTS

The Sierra Leone Marathon remains our flagship event, and in 2023, we piloted a 75 km cycling challenge as part of the event offerings. Participants could choose to cycle through the breathtaking Sierra Leone countryside or explore the terrain on foot by running in the 5k, 10k, half marathon, or full marathon.

Former England Rugby player Will Greenwood, along with colleagues from Afiniti, took part in the pilot cycling event, whilst more than 60 participants took part in the running events. After taking part in the event, Will Greenwood said of the 75km cycle:

“It felt like being cooked...We felt like we’d been on 180 in a fan assisted oven from about 11.30am” “As someone who’s reasonably fit...the first three or four hours were ‘let’s stop and take photos, isn’t it amazing?’ The last two hours it was ‘how far? how long?’ But the group kept each other going."

We had strong corporate participation at this year’s event, welcoming attendees from Allen & Overy, Formula E, Afiniti, Schuh, and Thomas Miller. To date, Sierra Leone Marathon participants have raised over £2.5m.

In 2023/24, the Central Fundraising team introduced a diverse range of running and challenge events,

including the Paris Marathon, Hackney Half, and QE2 Olympic 10k . Due to high demand, we also increased the number of places for the Berlin Marathon, alongside established favourites like the London Marathon and Royal Parks Half Marathon. Looking forward to 2024/25, we’re excited to announce several new events, including the first ever Street Child Everest Base Camp trek.

Outside of running and challenge events, the team also delivered a strong portfolio of community fundraising activity.

In March 2023, we launched our annual Ramadan campaign and continued with a 100% Zakat policy, ensuring that 100% of donations go directly to those in need. The campaign was once again supported by the inperson event “Iftar with Street Child”, hosted by Allen & Overy. We also introduced our first ever National Fast Challenge, where over 15 corporations came together to take part in a day of voluntary fasting, with participants donating the cost of coffee and lunch to support Street Child.

In June 2023, staff and students from the City of London School for Girls (CLSG) walked an impressive 11 miles from Hampton Court to Kew Cricket Green as part of their annual sponsored walk to raise vital funds. Over the past 10 years, CLSG has raised an impressive £250,000+.

Churches for Street Child continues to gain momentum, empowering national churches to live out their faith by responding to global crises. We are excited to be the charity partner for the upcoming Big Church Festival. Over 150 people attended our annual Christmas Carols Service at the Tower of London, where they enjoyed mince pies and mulled wine.

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FUNDRAISING & COMMUNICATIONS 4. CORPORATE PARTNERSHIPS OUR UNIQUE RELATIONSHIP WITH LIBERTY GLOBAL

We continue to be incredibly proud of our multi-year strategic partnership with Liberty Global , which this year was bigger and better than ever, including an annual €1 million grant and increased engagement with Liberty Global employees and customers on a global level.

2023 was another year for brilliant events delivered by Street Child and Liberty Global. Our flagship fundraiser, the Big Ride, took place in Strandweg, Netherlands, and was supported by our Headline Sponsor, Infosys. This event broke records with an impressive 650 participants who came together to cycle and run in support of Street Child, generating nearly €1 million in profit.

In November, Street Child and Liberty Global hosted our annual gala dinner at the Tate Modern with Ropes & Gray as lead sponsor. This event raised a superb £950,000. We are incredibly grateful to Liberty Global for so many aspects of our partnership such as supporting our attendance at Davos, the annual football tournament, staff engagement, and so much more that we have done, and plan to do together. We absolutely believe it is a model charity/business partnership.

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The Big Ride © Street Child ea | meso | The Big Ride © Street Child ANT ve! vi
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LIBERTY GLOBAL

“ The Big Ride cy © Street Child

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CORPORATE PARTNERSHIPS

PARTNER SPOTLIGHT - INFOSYS

In addition to our co-hosted event at Davos and other partnership activities, Street Child was delighted to confirm a three-year, $900k funding agreement with long-term partner Infosys, aimed at expanding both access to and the quality of education for 9,000 children in Ukraine. The programme will establish seven Digital Learning Centres in the region of Dnipropetrovsk. The region is in eastern Ukraine and hosts a large number of internally displaced children due to its proximity to the front line.

The learning centers will reach over 3,000 children per year who might otherwise not have been able to access education due to school closures, and will provide these children with specially designed catch-up courses using the Infosys Springboard platform. The programme will also provide bespoke teacher training courses via Springboard, ranging from topics such as children’s knowledge evaluation, anti-corruption awareness and personnel management (for headmasters). These courses will empower 2,500 teachers in areas close to the active conflict , and, in turn, increase the quality of education for children.

This funding is in addition to Infosys’ support of Street Child’s annual Gala Dinner and Big Ride, for which Infosys was Headline Sponsor. The firm also hosted Street Child at a number of highprofile events, including the World Economic Forum, Mobile World Congress, and Digital Transformation World, and has been supporting the development of Street Child’s website.

PARTNER SPOTLIGHT - FROM BABIES WITH LOVE

From Babies with Love is a social enterprise that sells unique, ethically sourced babywear and gifts, with all profits donated to projects supporting orphaned and abandoned children around the world. As their principal charity partner, Street Child has been receiving grants from From Babies with Love since 2017, in support of our joint mission

to help some of the world’s poorest children.

In 2023 From Babies with Love kindly donated £107k to support programmes in six of Street Child’s countries of operation. In West Africa, this included the Family Business for Education Scheme in Liberia; Income Generating Initiatives for schools in remote, rural Sierra Leone; Accelerated Learning Programmes and social support for out-of-school children in Northern Ghana; and school enrolment in Northeast Nigeria as part of Street Child’s EFECT programme.

In Northern Mozambique, From Babies with Love’s funding provided psychosocial and educational support for children fleeing conflict, and in Nepal it supported schools to improve learning levels for children impacted by COVID-induced learning loss. Together, these programmes support over 5,000 children overall.

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CASE STUDY:

Street Child was delighted to once again partner with Plume for their annual #PlumeStrong Cycling Challenge, building on our on-going partnership and support from Plume who sponsored the Big Ride and attended our Gala Dinner fundraiser. The September 2023 event saw 40 colleagues from Plume and its partners cycle a cumulative 19,000km over five days through the demanding mountain passes of France and Switzerland, led once more by two-time Tour de France winner, Tadej Pogačar . The Challenge raised over €550,000 for Street Child, doubling the amount achieved the previous year. The funds will help provide vital educational support through school reconstruction to children who were directly impacted by the earthquake that hit Turkey and Syria in February 2023.

We are also delighted to announce that Street Child will be partnering with Plume for a third consecutive year for the #PlumeStrong Cycling Challenge 2024 and look forward to the event in September.

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street child annual review
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CORPORATE PARTNERSHIPS

We also want to thank all our other corporate partners and supporters this year, including:

Boodles, for their long-term partnership and supporting our Times Christmas Appeal; From Babies with Love for our ongoing profit sharing partnership and support for the Times Appeal as a match funder; Accenture for continuing to be one of our key sponsors at the Big Ride and providing their office space for our UNGA programme; Allbyn for supporting projects in Cameroon; Euroclear for their support to over 1,100 children in Uganda; Goldman Sachs for support at various events throughout the year; Formula E for participation at the Sierra Leone Marathon and continued generosity at our Liberty Gala; NTT Data for sponsoring at the Big Ride and other events; Ropes & Gray for being our headline sponsor for our Liberty Global Gala; Sunrise, Telenet, Virgin Media Ireland and VodafoneZiggo for continued significant levels of support and engagement at the Big Ride; UpEnergy for supporting our Girls Education programme in Uganda; and to the Texel Foundation for their on-going support including match-funding for our Ramadan Appeal. Finally, a big thank you to all partners who continue to support our flagship corporate fundraisers the Big Ride and Gala Dinner.

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FINANCIAL REVIEW

1. A further year of strong income growth to £21.5m from previous year’s highest ever income of £20.0m, and an impressive 24% growth in the past three years.

  1. 7% year-on-year raise in income across both unrestricted and restricted income. Unrestricted income grew 7% from £5.3m in 2022/23 to £5.6m in 2023/24 driven by the increase across all donation categories (apart from legacies) and boosted by the Times Appeal in December 2023. Restricted income grew 8% from £14.7m in 2022/23 to a new high of £15.9m in 2023/24. Across all income, our largest source of income is the UN and other agencies, followed by our corporate supporters.

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Unrestricted
income £5.6m
Total income
£21.5m
Restricted
income £15.9m
Philanthropy is a
key source of our
overall income
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FINANCIAL REVIEW

  1. Unrestricted reserves increased from £1.1m in 2022/23 to £1.4m in 2023/24, within the range of our reserves policy. We use a risk-based approach to setting reserves and Trustees approve the range on an annual basis in relation to our key risks. The current reserves range is that unrestricted (free) reserves should be between £0.75m and £1.5m.

  2. In 2021/22 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 2023/24 it was not necessary to draw on these funds due to successful in-house fundraising for the 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.

  3. Street Child’s charitable expenditure for the year was also a record, £18.9m, rising from £17.4m. Compared to last year, funding was more evenly spread across our largest countries. This was mainly due to a fall in expenditure in Afghanistan as the challenges associated with working with the Taliban-administration began to bite, in particular the ban on foreign organisations running education organisations, which accounted for the majority of Street Child’s work in the country. The country with the largest increase in expenditure year on year was Ghana due to the full implementation of our programme there, although this is expected to fall again next year. Mozambique saw significant growth due to funding from UNICEF, and we implemented our first grant in Moldova off the back of the work started in Ukraine in 2022. We also reported last year that we were pleased that expenditure in Nepal would increase again this year with new programmes there and this has also increased significantly having had almost no grants expenditure last year.

  4. Two flagship programmes are ‘cross-cutting’ which means we implement across multiple countries and includes the Education Above all funded programme ‘Educate a Child’ across Sierra Leone, Nigeria and Liberia, and the USAID funded ‘Elevating Local Leadership in Emergencies’ programme across Central African Republic, Sudan and Ethiopia.

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FINANCIAL REVIEW

  1. Fundraising costs increased from £2.7m to £3.2m due to an increase in staff costs. Our portfolio of Fundraising income includes income from events and with careful management the cost of staging fundraising events fell fractionally from 2022/23 to 2023/24 despite the pressure of inflation.

We monitor the return on events closely to ensure value for money and these events yielded £2.4m income compared to costs of £1.2m which retains our target return of over two times expenditure for events. Moreover, beyond return on investment, our flagship events (which account for most of the cost) are critical components of our key corporate relationships - so their value is also assessed more broadly.

Staff costs increased from rebuilding teams after the pandemic and from our strategic investment of staff into our European entities, where Street Child pays for staff costs until such time as the entities can support this cost alone. Excluding the cost of events, the balance of £2.0m of fundraising expenditure supports the remainder of our income of £19.1m, which is a return of 9 times on our non-events fundraising costs.

  1. In addition to the £21.5m income reflected in these accounts, further funds totalling £1.6m were received into Street Child of Sierra Leone (£194k), Street Child USA ($157k) and the various Street Child European charities (€993k). These organisations are separate 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 £1.2m to £22.7m.

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Street Child’s global finance team visiting a local partner in Nigeria, ~ 4 bh J ; ae —— a!
‘Gender Equality, Peace and Development Centre’ (GEPaDC) © Street Child a fe > oe
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A FINAL WORD AND LOOKING FORWARDS TOM DANNATT, CEO & FOUNDER

When we begin the process of writing these annual reports, I often start by going back over previous issues to refresh the memory.

Because, as you know, we have spent much of the year in review here marking ‘fifteen years of Street Child’ I made a special effort to go back to the 18/19 Annual Report - when we marked ten years of Street Child. It was fascinating, and indeed encouraging, to read what I wrote in the corresponding section of this report, five years ago. I was actually tempted to reproduce the whole thing here, but anyhow here is just an extract:

It has been an extraordinary, unimaginable journey building Street Child with so many wonderful people over these first ten years. We have managed to help so many children in so many places and that is fantastic to reflect back on, briefly.

But honestly the bigger question is what as an organisation can we achieve for children in the next ten years? The global scale, and importance, of our core issue – children out of learning – is shocking. Street Child fervently believe that we bring methods and perspectives (locally-rooted solutions, focus on the hardest places, integrated solutions...) that are vital contributions to make – indeed on top of a base of excellent people, and reasonable fortune, it is the power of these approaches that are at root of why we have achieved what we have.

Good pilots should go to scale. In the bigger picture, Street Child years 0-10 qualifies as little more than a good pilot ... To take this to a real scale of impact is how we see our challenge for years 10-20. To not be shy about the fact that our goal is to create an organisation that can measure the numbers of children it has helped not in the hundreds of thousands but in the millions.

The simple thing is to say, is that I could pretty much reproduce every one of those words now:

And the ambition is exactly the same. It is with pride that we can note real progress on the goal set for ‘years 10-20’ in terms of scaling from the hundreds of thousands to the millions - in the 2019 report we celebrated impacting the lives of 250,000 children over ten years; in this report we mark having impacted over 500,000 in this year alone, and a lifetime aggregate of just under 1.5 million children. To put 1.5 million children in context - that mildly exceeds the total number of school-aged children in Wales and Scotland - it’s a lot. But then to put it in another context - globally there are 60 million children of primary school age who are out of education. This is why our work is urgent.

So the plans for the coming year, and the coming 5 years … they are pretty much the same as they were back in 2019 - to keep doing what we do; whilst trying to get better every day; and bigger every day - so we can help millions more children to be ‘safe, in school and learning’ . Over the coming year we will refresh our organisational strategy which will add some specificity. Meanwhile I am loathe to identify any one situation we are especially focused on - the West African heartlands where we began; Afghanistan which has probably been the biggest single country piece of the past five years but is presently in its most challenging state for us; East, and the Horn of, Africa where Street Child is newer but the needs are immense, as climate change bites and the war in Sudan rumbles; DR Congo and Central Africa; Ukraine … we will focus hard on them all, and place our biggest efforts in the situations where we see the best impact-opportunities for us opening-up.

Finally, and most importantly - whatever we manage to achieve, it is only due to our supporters and partners. To everyone who gets behind or alongside, Street Child in any way shape or form, I want to say the most enormous thank you.

Yours sincerely,

The last five years have been tough of course - but overall, wonderful. And above all, with so many wonderful people - across Street Child’s life.

The organisation I describe in the middle paragraph here - I 100% recognise as the organisation of today: that is us.

Tom Dannatt, CEO & Founder

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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:

The principal risks and uncertainties facing the charitable group, as identified by the Trustees of Street Child include the following:

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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. We were pleased that Street Child Canada started operating in the year and will fundraise as an independent entity to support the work of Street Child. 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.

Street Child has the following subsidiary companies: Street Child International, Africa Educational Trust, Bread and Water for Africa Limited, Build Africa Limited, Children in Crisis Limited, Lessons for Life Foundation Limited, Sierra Leone Marathon Limited, Street Child Trading Limited.

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

The charity makes 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.

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STRUCTURE, GOVERNANCE & MANAGEMENT

REMUNERATION 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.

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 optin’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 commuunications.

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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).

charitable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also 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.

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:

The Trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the

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

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.......................................... ....................................
A Wallersteiner A Salvato
Co-Chair Co-Chair
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Date: 20th December 2024

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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 ’charitable company’) for the year ended 31 March 2024 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:

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.

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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:

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:

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the trustees’ responsibilities statement set out on page 47, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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AUDITOR’S REPORT

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.

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

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AUDITOR’S 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.

EXPLANATION AS TO WHAT EXTENT THE AUDIT WAS CONSIDERED CAPABLE OF DETECTING IRREGULARITIES, INCLUDING FRAUD

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.

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:

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

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AUDITOR’S REPORT

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. 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.

Neil Finlayson (Senior Statutory Auditor)

for and on behalf of Moore Kingston Smith LLP, Statutory Auditor

9 Appold Street London EC2A 2AP

Date: 20th December 2024

Moore Kingston Smith LLP is eligible to act as auditor in terms of Section 1212 of the Companies Act 2006.

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CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) For the year ended 31 March 2024

Note
INCOME
Donations and legacies
3
Other trading activities
4
Investment income
Total income
EXPENDITURE
Fundraising costs
5
Charitable activities
6
Total operating expenditure
Net operating income/ (expenditure)
Net gains/ (losses) on investment assets
Transfer between Funds
Net income/ (expenditure) and net movement in funds
Reconciliation of funds
Total funds brought forward
16
Total funds carried forward
16		 Unrestricted
Funds
£
4,316,081
1,313,450
389
5,629,920
3,219,065
2,087,630
5,306,695
323,225
27
(1,073)
322,179
1,111,639
1,433,818		 Designated
Funds
£
-
-
-
-
-
-
-
-
-
-
1,000,000
1,000,000		 Restricted
Funds
£
15,858,680
-
-
15,858,680
-
16,764,869
16,764,869
(906,189)
-
1,073
(905,115)
1,978,675
1,073,560		 Total Funds 2024
£
20,174,761
1,313,450
389
21,488,600
3,219,065
18,852,499
22,071,564
(582,964)
27
-
(582,936)
4,090,314
3,507,378		 Total Funds
2023
£
18,816,294
1,171,123
13,626
20,001,043
2,687,563
17,441,506
20,129,069
(128,026)
(352)
-
(128,378)
4,218,692
4,090,314

The consolidated statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

A separate statement of the financial activities and Income & Expenditure account are not presented for the charity itself following the exemptions permitted by section 408 of the Companies Act 2006.

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STREET CHILD ANNUAL REVIEW

GROUP BALANCE SHEET As at 31 March 2024

2024
2023
Group Note £
£
Fixed Assets
Investments 12 -
8,002
Current Assets
Debtors
Cash at bank and in hand		 13 -
8,002
2,161,006
1,255,292
2,461,558
3,881,228
Current Liabilities
Creditors falling due within one year
Deferred income		 14
15		 4,622,564
5,136,520
(949,008)
(886,867)
(166,178)
(167,341)
Net Current Assets
Net Assets		 3,507,378
4,082,312
3,507,378
4,090,314
Accumulated Funds
Restricted funds
Unrestricted funds
Designated funds		 16 1,073,560
1,978,675
1,433,818
1,111,639
1,000,000
1,000,000
Total Accumulated Funds 16 3,507,378
4,090,314

These financial statements were approved and authorised for issue by the trustees on 20th December 2024 and signed on their behalf by:

A Salvato A Wallersteiner Trustee Trustee

STREET CHILD ANNUAL REVIEW

63

CHARITY BALANCE SHEET

As at 31 March 2024

Parent Charity Note £
£
Fixed Assets
Investments 1
1
Current Assets
Debtors
Cash at bank and in hand		 13 1
1
2,039,970
1,392,194
1,208,967
2,349,224
Current Liabilities
Creditors falling due within one year
Deferred Income		 14
15		 3,248,937
3,741,418
(943,197)
(302,357)
(94,767)
(99,959)
Net current assets 2,210,974
3,339,102
Net Assets 2,210,975
3,339,103
Accumulated Funds
Restricted funds
Unrestricted funds
Designated funds		 16 557,524
2,074,891
653,451
264,212
1,000,000
1,000,000
Total Accumulated Funds 16 2,210,975
3,339,103

As permitted by section 408 Companies Act 2006, the parent company has not presented its own Statement of Financial Activities and Income and Expenditure Account. The company made a net loss for the year of £1,128,127 (2023: surplus of £1,486,337).

These financial statements were approved and authorised for issue by the trustees on 20th December 2024 and signed on their behalf by:

A Salvato Trustee

A Wallersteiner Trustee

Company registration number 06749574

64

STREET CHILD ANNUAL REVIEW

CONSOLIDATED STATEMENT OF CASH FLOWS

For the year ended 31 March 2024

2024
£
Net cash Inflow from operating activities
(1,428,089)
Net Cash inflow from returns on investments
Bank interest and investment income
389
Cash from disposal of investments
8,029
Cash acquired from Bread and Water for Africa
-
Increase in cash at bank and on hand
(1,419,671)
Cash balance at beginning of the year
3,881,228
Cash balance at end of the year
2,461,558
Analysis of changes in Net Debt
As at
Cash flows
1st April 2023
£
£
Cash flows
3,881,228
(1,419,670)
Total
3,881,228
(1,419,670)
Reconciliation of net incoming resources to net cash inflow from charitable activities
2024
£
Net income
(582,936)
Investment income
(389)
Net assets of Bread and Water for Africa
-
Investment (Gain)/Loss
(27)
(Increase)/decrease in debtors
(905,713)
Increase in creditors
62,140
(Decrease)/Increase in deferred revenue
(1,164)
Net cash (Outflow)/Inflow from operating activities
(1,428,089)		 2023
£
1,111,154
13,626
-
(36,645)
1,088,135
2,793,093
3,881,228
As at
31 March 2024
£
2,461,558
2,461,558
2023
£
(128,378)
(13,626)
12,661
353
957,948
219,729
62,467
1,111,154

STREET CHILD ANNUAL REVIEW

65

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024

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 2024/25 with Unrestricted reserves of £1,111,639 and at 31 March 2024 had unrestricted reserves of £1,433,818 which is in line with the range of target reserves of the charity (from £0.75m to £1.5m). 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.

66

STREET CHILD ANNUAL REVIEW

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024

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, further details of this can be found on page 75.

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:

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, support and governance costs.

STREET CHILD ANNUAL REVIEW

67

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

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.

68

STREET CHILD ANNUAL REVIEW

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

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 reporting 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, Bread and Water for Africa, Street Child Trading Limited and Africa Educational Trust on a line by line basis.

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 82. 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.

STREET CHILD ANNUAL REVIEW

69

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

3
Donations and legacies
Group
Grants receivable
Donations and gifts
Legacies
Donated goods, facilities and services
Acquisition of Bread and Water for Africa
Total
Company
Donations and gifts
Grants receivable
Intercompany Income
Legacies
Donated goods, facilities and services
Total
4
Other Trading Activities
Group
Event income
Total
Company
Other trading income
Total
5
Cost of raising funds
Group
Staging fundraising events
Staff Cost
Other fundraising costs
Allocated Support staff cost
Allocated Support cost
Total cost of raising funds
Company
Staging fundraising events
Staff Cost
Other fundraising costs
Allocated Support staff cost
Allocated Support cost
Total cost of raising funds		 Unrestricted
Funds
£
44,880
4,215,728
55,473
-
-
4,316,081
Unrestricted
Funds
£
3,762,817
33,885
1,003,893
31,121
-
4,831,716
Unrestricted
Funds
£
1,313,450
1,313,450
Unrestricted
Funds
£
800,785
800,785
Unrestricted
Funds
£
1,176,216
1,662,317
303,228
3,141,761
93,623
(16,319)
3,219,065
Unrestricted
Funds
£
1,080,529
1,656,884
290,171
3,027,584
87,450
(34,225)
3,080,809		 Restricted
Funds
£
11,011,088
4,847,592
-
-
-
15,858,680
Restricted
Funds
£
4,644,563
5,962,093
114,502
-
-
10,721,158
Restricted
Funds
£
-
-
Restricted
Funds
£
-
-
Restricted
Funds
£
-
-
-
-
-
-
-
Restricted
Funds
£
-
-
-
-
-
-
-		 Total
2024
£
11,055,968
9,063,320
55,473
-
-
20,174,761
Total
2024
£
8,407,380
5,995,978
1,118,395
31,121
-
15,552,874
Total
2024
£
1,313,450
1,313,450
Total
2024
£
800,785
800,785
Total
2024
£
1,176,216
1,662,317
303,228
3,141,761
93,623
(16,319)
3,219,065
Total
2024
£
1,080,529
1,656,884
290,171
3,027,585
87,450
(34,225)
3,080,809		 Total
2023
£
11,295,864
7,364,521
108,272
34,974
12,661
18,816,294
Total
2023
£
6,290,387
6,912,899
874,359
15,146
34,974
14,127,763
Total
2023
£
1,171,123
1,171,123
Total
2023
£
739,540
739,540
Total
2023
£
1,182,852
1,034,806
444,908
2,662,566
66,406
(41,409)
2,687,563
Total
2023
£
1,153,739
1,034,806
378,240
2,566,785
66,248
(50,907)
2,582,126

70

STREET CHILD ANNUAL REVIEW

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024

6
Charitable activities
Group
Grant funding of activities (see note 7)
Staff costs
Other charitable expenditure
Allocated Support staff cost
Allocated Support cost
Total Charitable activities
Company
Grant funding of activities
Staff costs
Other charitable expenditure
Allocated Support staff cost
Allocated Support cost
Total Charitable activities		 Unrestricted
Funds
£
105,996
949,185
946,679
2,001,860
87,427
(1,657)
2,087,630
Unrestricted
Funds
£
740,010
949,185
418,959
2,108,154
87,450
(34,225)
2,161,379		 Restricted
Funds
£
16,764,869
-
-
16,764,869
-
-
16,764,869
Restricted
Funds
£
12,239,598
-
-
12,239,598
-
-
12,239,598		 Total
2024
£
16,870,865
949,185
946,679
18,766,729
87,427
(1,657)
18,852,499
Total
2024
£
12,979,608
949,185
418,959
14,347,752
87,450
(34,225)
14,400,977		 Total
2023
£
15,840,789
1,240,551
343,062
17,424,402
66,406
(49,302)
17,441,506
Total
2023
£
9,199,886
1,240,551
343,061
10,783,499
66,248
(50,907)
10,798,840

Allocation of support costs

Support costs have been allocated on the following basis:

Group
Basis
Management and Admin staff
Time Spent
Governance Cost (including external audit)
Type of activity
Rent and office cost and other running costs
Headcount
Recharge of costs to projects
Total
Charity
Basis
Management and Admin staff
Time Spent
Governance Cost (including external audit)
Type of activity
Rent and office cost and other running costs
Headcount
Costs recovered from programmes
Type of activity
Total
Support costs have been allocated on the following basis:
Group
Basis
Management and Admin staff
Time Spent
Governance Cost
Type of activity
Rent and office cost
Headcount
Total
Charity
Basis
Management and Admin staff
Time Spent
Governance Cost
Type of activity
Rent and office cost
Headcount
Costs recharged to subsidiaries
Total		 Fundraising
Cost
93,623
38,392
217,556
(272,267)
77,304
Fundraising
Cost
87,450
29,293
165,992
(229,510)
53,225
Fundraising
Cost
66,406
(4,141)
(37,268)
24,997
Fundraising
Cost
66,248
(5,091)
(45,816)
15,341		 Charitable
Cost
87,427
53,818
304,966
(360,441)
85,770
Charitable
Cost
87,450
29,293
165,992
(229,510)
53,225
Charitable
Cost
66,406
(4,930)
(44,372)
17,104
Charitable
Cost
66,248
(5,091)
(45,816)
15,341		 Total
2024
181,050
92,210
522,522
(632,708)
163,074
Total
2024
174,900
58,585
331,984
(459,020)
106,450
Total
2023
132,812
(9,071)
(81,640)
42,101
Total
2023
108,443
(2,897)
(26,077)
12,388
91,856

STREET CHILD ANNUAL REVIEW

71

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 20234

Grant funding of activities undertaken by country
Group
Nigeria
Sierra Leone
Afghanistan
Ukraine
Ghana
Uganda
Cross-Cutting (multi country)
DRC
Mozambique
South Sudan
Liberia
Moldova
Somalia
Nepal
Kenya
Cameroon
Sri Lanka
Burundi
Pakistan
Syria
Ethiopia
Libya / Morocco
Rwanda		 2024
Restricted
Funds
£
2,130,422
1,631,951
1,658,110
1,534,346
1,478,412
1,400,502
1,383,150
1,136,815
1,089,607
645,232
592,854
529,313
482,813
489,015
179,330
159,860
76,646
58,739
50,165
32,451
20,135
5,000
-
16,764,869		 2023
Restricted
Funds
£
1,840,124
1,695,720
4,382,983
1,664,169
382,326
1,109,993
1,105,551
782,817
191,838
809,778
347,802
-
372,761
14,672
122,593
28,450
14,181
37,586
20,000
75,000
-
-
10,000
15,008,344

There were no grants committed to individuals during the year (2023: None).

8 Auditors' Remuneration

The analysis of auditors remuneration is as follows:

Group fees payable
Statutory UK audit
Parent fees payable
Statutory UK audit		 2024
£
76,350
76,350
30,750		 2023
£
80,430
80,430
29,550

No trustee received emoluments in the period (2023: none). No trustees were reimbursed expenses in the period (2023: none).

9 Trustees

72

STREET CHILD ANNUAL REVIEW

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024

10 Employees

Number of employees

The average monthly number of employees during the year was:

Programmes/charitable activities
Fundraising and Communications
Management and Administration
Analysis of staff costs
Salaries & wages
Social Security costs
Employers Pension Contributions		 2024
Number
59
31
8
98
2024
£
3,703,611
214,563
83,776
4,001,950		 2023
Number
44
30
8
82
2023
£
2,955,770
202,876
81,879
3,240,525

The number of employees whose annual remuneration was £60,000 or more were:

£60,000 - £69,999 2024
2023
Number
Number
6
4
£70,000 - £79,999 2
1
£90,000 - £99,999 -
1
£100,000 - £109,999 1
-
£120,000 - £129,999 -
1
£130,000 - £139,999 1
-

The salary of the Street Child Group CEO is £135,000 (2023: £125,000).

Remuneration of key management personnel

The key management personnel, who are also the Senior Leadership Team of the charity, are the Chief Executive; Director of Finance and Resources; Director - Global Programmes; Head of Africa Programmes; Global Head of Advisory, Education and Evaluation; Global Programmes Co-ordinator; Director - Policy and Development, and Director Street Child Europe; and the Board of Trustees.

The remuneration of key management personnel is as follows:

Aggregate Compensation 2024
£
688,419
688,419		 2023
£
635,196
635,196

11 Taxation

Street Child is a registered charity, number 1128536 and is exempt from corporation tax under the provisions of Sections 466-493 of the Corporation Taxes Act 2010.

STREET CHILD ANNUAL REVIEW

73

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024

12
Investments
31 March
Group Only
2024
£
Cost at 1 April
8,002
Sale of Investments
(8,029)
Gain/(loss) in the period
27
Market value at 31 March
-
31 March
2024
£
GlaxoSmithKline
-
Pearson
-
Haleon
-
-
13
Debtors
2024
£
Group
Trade Debtors
1,189,178
Prepayments
365,557
Accrued Income
76,051
Other debtors
530,221
2,161,006
Parent Charity
Trade Debtors
1,112,896
Amounts due from subsidiary undertakings
541,252
Prepayments
261,662
Accrued Income
54,147
Other debtors
70,014
2,039,970
Amounts owed by Group undertakings are repayable on demand and no interest is payable.
All amounts are due within one year.
14
Creditors: amounts falling due within one year
2024
£
Group
Trade creditors
186,319
Grants Payable
127,405
Accruals
353,366
Other creditors
109,778
Other Taxation and Social Security
172,141
949,008
Parent Charity
Amounts due to subsidiary undertakings
288,033
Grants Payable
112,789
Accruals
239,638
Trade Creditors
147,595
Other creditors
70,601
Other Taxation and Social Security
84,541
943,197
15
Deferred Income
2024
£
Group
Balance at 1 April
167,341
Amount released to incoming resources
(167,341)
Amount deferred in year
166,178
Balance at 31 March
166,178
Parent Charity
£
Balance at 1 April
99,959
Amount released to incoming resources
(99,959)
Amount deferred in year
94,767
Balance at 31 March
94,767
Deferred income represents income for events received in advance and will be utilised in the following		 31 March
2023
£
8,355
-
(353)
8,002
31 March
2023
£
4,116
2,727
1,159
8,002
2023
£
652,745
295,185
234,278
73,084
1,255,292
471,993
411,257
208,844
234,278
65,822
1,392,194
2023
£
439,982
204,796
58,898
183,191
886,867
55,797
-
147,552
71,534
14,850
12,624
302,357
2023
£
104,874
(104,874)
167,341
167,341
£
63,704
(63,704)
99,959
99,959
year.

74

STREET CHILD ANNUAL REVIEW

NOTES TO THE FINANCIAL STATEMENTS

16

For the year ended 31 March 2024

Analysis of Charitable Funds

The restricted funds of the charity include restricted funds comprising unexpended balances of donations and grants held on trust for specific purposes, utilised for the projects below:

2024
Analysis of Unrestricted Funds - Group
Analysis of Designated Funds - Group
Analysis of Restricted Funds - Group
Programmes in Africa
Educate a Child Programme (Education Above all Foundation)
Burundi Programmes
Cameroon Programmes
Multisectoral Emergency Response for Conflict Impacted population in
South Kivu, DRC (ECHO)
DRC : ECHO Funding
DRC Programmes
Ethiopia Programmes
Ghana Transform Education
Kenya Programmes
Liberia Programmes
Mozambique UNICEF Programmes
Mozambique Programmes
Nigeria: Education Cannot Wait
Nigeria Humanitarian Fund Programmes
Nigeria Programmes
Children on the Margins, Sierra Leone (UK Aid Match)
Sierra Leone Education Innovation Challenge (Education Outcomes
Fund)
Sierra Leone Programmes
Somalia - TARL Project Somalia & Somaliland
Somalia Programmes
GESS Project in South Sudan (FCDO)
South Sudan Programmes
Uganda: ECW Multi year resilience programme
Uganda: ECW First Emergency Response
Uganda Programmes
Total for Programmes in Africa
Programmes in Asia
Afghanistan Appeal
Afghanistan Programmes
Afghanistan Humanitarian Fund programmes
Nepal: Build the Basics (Hempel)
Nepal Programmes
Pakistan Programmes
Sri Lanka Programmes
Total for Programmes in Asia
Cross Cutting (Multi-Country) Programmes
Cross Cutting (Multi-Country) Programmes
Emergency appeals
Ramadan appeal funds
Total for Cross cutting (Multi-Country Programmes)
Ukraine and Moldova programmes
Ukraine emergency appeal
Ukraine Humanitarian fund programmes
Ukraine Programmes
Moldova Programmes
Total for Ukraine Response
Total Restricted Funding
Total funds		 Balance
Income
Expenditure
Transfer from/(to)
Net
Balance
at
for the
for the
Unrestricted
Gains/Losses
at
1 April 2023
year
year
funds
31 March 2024
£
£
£
£
£
£
1,111,639
5,629,920
(5,306,695)
(1,073)
27
1,433,818
1,000,000
-
-
-
-
1,000,000
(15,123)
1,178,659
(1,347,911)
-
-
(184,375)
(10,686)
87,524
(58,739)
-
-
18,099
(10,302)
164,826
(159,860)
-
-
(5,336)

(88,067)
239,466
(414,343)
-
-
(262,945)
-
408,798
(419,072)
-
-
(10,274)
494,827
23,449
(303,400)
-
-
214,877
-
25,181
(20,135)
-
-
5,045
(360,826)
174,583
(1,478,412)
-
-
(1,664,655)
83,842
111,877
(179,330)
-
-
16,390
141,015
175,268
(301,511)
370
-
15,142
199,526
745,404
(977,191)
137
-
(32,124)
-
116,927
(112,416)
(137)
-
4,373
(61,917)
1,422,502
(1,034,774)
-
-
325,810
18,477
499,259
(305,644)
38,136
-
250,229
(292,535)
657,864
(436,615)
(38,136)
-
(109,421)
(164,781)
349,355
(184,357)
(216)
-
-
(34,226)
513,224
(539,252)
-
-
(60,254)
22,859
578,402
(358,330)
863
-
243,794
-
247,390
(474,406)
-
-
(227,016)
(19,951)
29,688
(8,407)
-
-
1,330
(70,560)
418,375
(436,483)
-
-
(88,668)
28,407
187,164
(208,749)
-
-
6,822
(9,704)
595,212
(700,748)
-
-
(115,239)
0
404,477
(286,794)
-
-
117,683
(114,880)
466,371
(360,360)
(4,086)
-
(12,955)
(264,605)
9,821,245
(11,107,238)
(3,069)
-
(1,553,666)
174,258
52,692
(148,121)
-
-
78,829
(201,207)
516,319
(325,283)
-
-
(10,171)
(158,594)
1,644,306
(1,149,845)
-
-
335,867
22,498
602,848
(391,770)
-
-
233,577
25,634
122,797
(97,245)
-
-
51,186
-
26,776
(50,165)
-
-
(23,389)
63,035
27,946
(76,646)
4,152
-
18,487
(74,377)
2,993,683
(2,239,076)
4,152
-
684,386
328,062
1,667,781
(1,280,672)
-
-
715,171
200,718
515,817
(74,225)
878
-
643,187
5,858
112,915
-
(888)
-
117,885
534,638
2,296,513
(1,354,897)
(11)
-
1,476,243
217,735
5,420
(98,113)
(16)
-
125,026
784,743
196,622
(1,370,569)
-
-
(389,204)
157,187
545,195
(65,664)
16
-
636,735
623,354
-
(529,313)
-
-
94,041
1,783,019
747,237
(2,063,659)
-
-
466,597
1,978,675
15,858,680
(16,764,869)
1,073
-
1,073,560
4,090,314
21,488,600
(22,071,564)
-
27
3,507,378

Notes on restricted funding grants:

Transfers from unrestricted funds into restricted funds represent Street Child unrestricted funds being applied to restricted funds.

Transfers from restricted funds into unrestricted funds represent small balances moved for completed grants into unrestricted funds which are in line with the donors wishes or permission. Funds with negative balances at 31 March 2024 are ongoing grants reimbursed in arrears by the funder and income has been received after the year end. The restricted funds that we hold are many and varied, all for delivery of specific programmes as set out in our grant agreements with the funders. All are in line with the descriptions of our activities and the delivery of our programmes as outlined in the Trustees Report.

Notes on Designated funds:

In 2021/22 the designated fund was created, specifically to underpin Street Child's substantial financial undertakings in respect of the Educate a Child and Education Outcomes Funds programmes in West Africa. In 2023/24 it was not necessary to draw on these funds due to successful in-house fundraising for the Educate a Child programme. These programmes will continue until 2026 and so this fund is being retained as these programmes may require support in the next 12-18 months.

STREET CHILD ANNUAL REVIEW

75

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024

2023
Analysis of Unrestricted Funds - Group
Analysis of Designated Funds - Group
Analysis of Restricted Funds - Group
Programmes in Africa
Educate a Child Programme (Education Above all Foundation)
Burundi Programmes
Cameroon Programmes
Multisectoral Emergency Response for Conflict Impacted population in
South Kivu, DRC (ECHO)
DRC Programmes
Ghana Transform Education
Kenya Programmes
Liberia Programmes (including Educate a Child Programme match
funding)
Responding to the needs of conflict affected children and their families
with a particular focus on the needs of adolsescent boys and girls,
Mozambique (UNICEF)
Mozambique Programmes
Increased access to quality and inclusive basic education, mental
health and psychosocial support and vocational opportunities for crisis
affected girls and boys in North East Nigeria (Education Cannot Wait)
Support of internally displaced persons and the resilience of host
communities in North and North-East Nigeria (Deutsche Gesellschaft
fur Internationale Zusammenarbeit (GIZ))
Nigeria Humanitarian Fund Programmes
Nigeria Programmes
Rwanda Programmes
Count Me In, Sierra Leone (UK Aid Match)
Children on the Margins, Sierra Leone (UK Aid Match)
Inclusive WASH (Water, Sanitation and Hygiene) for sustainable
schools in Sierra Leone
Allen and Overy Programme in Sierra Leone
Sierra Leone Education Innovation Challenge (Education Outcomes
Fund)
Sierra Leone Programmes
ECW Project in Juba and Galmudug, Somalia - Years 2 and 3
Somalia Programmes
QISE III project in South Sudan
GESS Project in South Sudan (FCDO)
South Sudan Programmes
Improving education opportunities for children in Palabek Settlement,
Uganda (Education Cannot Wait)
Bridging the gap, Uganda
Ladder to Learning, Uganda (Lego Foundation)
Uganda Programmes
Total for Programmes in Africa
Programmes in Asia
Support to Afghan women & children in conflict with the law
Educated & Empowered: Rehabilitation & Reintegration for Females in
Conflict with the Law in Kabul, Afghanistan
Afghanistan: Education Cannot Wait
Afghanistan: Food Security
Afghanistan: GPE programme
Afghanistan: Protective Rapid Response
Afghanistan: Safe and Learning
Afghanistan: Afghanistan Humanitarian Fund programmes
Afghanistan: Appeal
Afghanistan Programmes
Marginalised No More (Nepal) (FCDO)
Nepal Programmes
Sri Lanka Programmes
Syria / Turkey Earthquake appeal
Pakistan Flood appeal
Total for Programmes in Asia
Cross Cutting (Multi-Country) Programmes
Cross Cutting (Multi-Country) Programmes
Ramadan appeal funds
Total for Cross cutting (Multi-Country Programmes)
Ukraine Response
Appeal funds
Ukraine Humanitarian fund programmes
Ukraine and Moldova programmes
Total for Ukraine Response
Total Restricted Funding
Total funds		 Balance
Reserves
Income
Expenditure
Transfer from/(to)
Net
Balance
at
Acquired from
for the
for the
Unrestricted
Gains/Losses
at
1 April 2022
Acquisitions
year
year
funds
31 March 2023
£
£
£
£
£
£
£
1,215,047
12,661
5,242,876
(5,120,725)
(237,868)
(352)
1,111,639
1,000,000
-
-
-
-
-
1,000,000
-
-
473,713
(510,576)
-
-
(36,863)
2,378
-
10,427
(37,586)
14,096
-
(10,685)
(7,733)
-
25,600
(28,450)
280
-
(10,303)

-
-
525,963
(614,031)
-
-
(88,067)
502,547
-
161,066
(168,786)
-
-
494,827
-
-
21,500
(382,326)
-
-
(360,826)
(26,052)
-
267,670
(122,593)
(35,185)
-
83,840
41,972
-
422,365
(347,802)
48,217
-
164,752

-
-
256,940
(100,363)
-
-
156,577
(19,885)
-
154,309
(91,475)
-
-
42,949

234,687
-
390,119
(686,723)
-
-
(61,917)
109,469
-
974
(457,540)
-
-
(347,097)
380,162
-
54,424
(416,109)
-
-
18,477
(18)
-
330,323
(279,753)
4,010
-
54,562
-
-
10,000
(10,000)
-
-
-
(199,641)
-
282,540
(157,685)
69,785
-
(5,000)
(344,621)
-
731,912
(637,139)
85,067
-
(164,781)
(67,393)
-
191,093
(123,700)
-
-
-
(101,623)
-
435,905
(311,561)
(17,734)
-
4,987
-
-
371,576
(405,802)
-
-
(34,226)
12,595
-
52,246
(59,834)
17,865
-
22,872
161,307
-
-
(190,995)
-
-
(29,688)
75,591
-
115,912
(181,766)
-
-
9,737
199,967
-
-
(185,357)
-
-
14,610
(18,482)
-
278,253
(330,331)
-
-
(70,560)
140,550
-
147,596
(294,090)
19,741
-
13,797
(75,127)
-
460,010
(533,558)
34,810
-
(113,865)
(30,000)
-
30,000
(15,229)
15,229
-
-
(1,760)
-
238,234
(280,540)
-
-
(44,066)
119,847
-
207,416
(280,666)
(13,251)
-
33,346
1,088,738
-
6,648,087
(8,242,365)
242,931
-
(262,611)
104,150
-
-
-
-
-
104,150

(56,608)
-
67,904
(11,296)
-
-
-
(24,382)
-
561,958
540,637.72
-
-
-
(3,062)
290,376
-
68,809
(359,185)
-
-
-
(259,462)
-
846,884
(616,644)
-
-
(29,222)
145,861
-
-
(230,261)
-
-
(84,400)
252,098
-
269,717
(454,315)
-
-
67,500
-
-
1,239,565
(1,484,294)
-
-
(244,729)
122,522
-
95,793
(44,057)
-
-
174,258
117,090
-
355,166
(642,294)
-
-
(170,038)
(137,965)
-
139,018
-
(1,053)
-
-
4,597
-
58,207
(14,672)
-
-
48,132
11,293
-
65,923
(14,181)
-
-
63,036
-
-
198,690
(75,000)
-
-
123,690
-
-
64,445
(20,000)
-
-
44,445
569,571
-
4,032,078
(4,506,836)
(1,053)
-
93,761
133,933
-
759,987
(543,365)
(4,010)
-
346,545
10,000
-
59,570
(51,610)
-
-
17,960
143,933
-
819,557
(594,975)
(4,010)
-
364,505
201,403
-
187,163
(157,600)
(13,231)
-
217,735
-
-
1,652,839
(881,328)
13,231
784,743
-
-
1,405,782
(625,241)
780,541
201,403
-
3,245,784
(1,664,169)
-
-
1,783,018
2,003,645
-
14,745,506
(15,008,344)
237,868
-
1,978,675
4,218,692
12,661
19,988,382
(20,129,069)
-
(352)
4,090,314

Notes on restricted funding grants: Transfers from unrestricted funds into restricted funds represent Street Child unrestricted funds being applied to restricted funds. Transfers from restricted funds into unrestricted funds represent small balances moved for completed grants into unrestricted funds. Funds with negative balances at 31 March 2023 are ongoing grants reimbursed in arrears by the funder and income has been received after the year end.

The restricted funds that we hold are many and varied, all for delivery of specific programmes as set out in our grant agreements with the funders. All are in line with the descriptions of our activities and the delivery of our programmes as outlined in the Trustees Report.

76

STREET CHILD ANNUAL REVIEW

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

17 Operating lease commitments

At 31 March 2024 the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Operating leases:
Group only
Less than one year
Between two and five years
18
Analysis of net assets between funds
Group
2024
Fund balances at 31 March 2024 are represented by:
Investments
Net Current Assets
2023
Fund balances at 31 March 2023 are represented by:
Investments
Net Current Assets
Charity
2024
Fund balances at 31 March 2024 are represented by:
Investments
Net Current Assets
2023
Fund balances at 31 March 2023 are represented by:
Investments
Net Current Assets		 Land and Buildings
Land and
Buildings
2024
2023
£
£
87,290
65,468
65,468
152,758
152,758
218,225
Unrestricted Funds
Designated
funds
-
-
1,433,820
1,000,000
1,433,820
1,000,000
Unrestricted Funds
Designated
funds
8,002
-
1,103,637
1,000,000
1,111,639
1,000,000
Unrestricted Funds
Designated
funds
1
-
653,450
1,000,000
653,451
1,000,000
Unrestricted Funds
Designated
funds
1
-
264,211
1,000,000
264,212
1,000,000		 Other operating
leases
Other operating leases
2024
2023
£
£
982
982
-
984
982
1,966
Restricted
Funds
Total
2024
-
-
1,073,560
3,507,379
1,073,560
3,507,379
Restricted
Funds
Total
2023
-
8,002
1,978,675
4,082,312
1,978,675
4,090,314
Restricted
Funds
Total
2024
-
1
557,524
2,210,974
557,524
2,210,975
Restricted
Funds
Total
2023
-
1
2,074,891
3,339,102
2,074,891
3,339,103

19 Related Parties

The following related party transactions took place in the year:

Trustee Related Parties

Anna Lloyd, who is the wife of David Lloyd a Trustee of Street Child, started a permanent employment contract with the Charity on 7th November 2022 as Fundraising Advisor. The total employment cost was £24,255 during the year (2023: £9,530).

There were no Trustee related party transactions that require disclosure in the prior year.

Other Related Parties

During the year Children in Crisis made net payments on behalf of Street Child of £30,114 (2023: £95,053). Children in Crisis awarded a grant of £250,000 to Street Child (2023: nil).

At the Balance Sheet date Street Child owed Children in Crisis £64,490 (2023: £34,376).

During the year Build Africa made net payments on behalf of Street Child of £140,881 (2023: 236,221). Build Africa awarded a grant of £300,000 (2023: £500,000) to Street Child.

At the Balance Sheet date Street Child owed £40,219 to Build Africa (2023: Street Child was owed £100,662 by Build Africa).

During the year Lessons for Life Foundation made a grant of £80,000 (2023: £250,000) to Street Child. Lessons for Life Foundation also made net payments to Street Child of £52,717 (2023: £108,611). At the Balance Sheet date Street Child owed Lessons for Life Foundation £74,138 (2023: £21,421).

During the year Street Child made net payments on behalf of Africa Educational Trust of £127,765 (2023: £29,922). Street Child also made a grant of £500,000 to Africa Educational Trust (2023: £500,000).

At the Balance Sheet date Street Child was owed £253,322 (2023: £125,557) by Africa Educational Trust.

During the year Street Child Trading Limited made payments on behalf of Street Child of £54,000 (2023: Street Child made payments on behalf of Street Child Trading Limited of £6,000).

At the Balance Sheet date Street Child owed £48,000 to Street Child Trading Limited (2023: owed £6,000 by Street Child Trading Limited).

During the year Street Child made payments on behalf of Sierra Leone Marathon of £4,878 (2023: Sierra Leone Marathon made payments on behalf of Street Child of £21,858).

At the Balance Sheet date Street Child owed Sierra Leone Marathon Limited £16,980 (2023: £21,639).

During the year Bread and Water for Africa made payments on behalf of Street Child of £82,532 (2023: Street Child made payments on behalf of Bread and Water for Africa of £21,345). At the Balance Sheet date Street Child owed Bread and Water for Africa £61,186 (2023: Bread and Water for Africa owed Street Child £21,345).

STREET CHILD ANNUAL REVIEW

77

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024

20 Subsidiaries

Details of the charity's subsidiaries at 31 March 2024 are as follows:

Name of undertaking and registered office Country of Class of
address Incorporation Nature of business Shareholding % Held Direct Basis of ownership
Children in Crisis Limited England and Charity None None Company Limited by
33 Creechurch Lane, London. EC3A 5EB Wales Guarantee
Company Number: 2815817
Charity Number: 1020488
Sierra Leone Marathon Limited England and Event Ordinary 100 Company Limited by
33 Creechurch Lane, London. EC3A 5EB Wales Management Guarantee
Company Number: 7799857
Street Child International Nigeria Charity None None Company Limited by
Suite B52, New Banex Plaza, Wuse 2, Abuja, Guarantee
Nigeria
Build Africa Limited England and Charity None None Company Limited by
33 Creechurch Lane, London. EC3A 5EB Wales Guarantee
Company Number: 2200793
Charity Number: 298316
Lessons for Life Foundation Limited England and Charity None None Company Limited by
33 Creechurch Lane, London. EC3A 5EB Wales Guarantee
Company Number: 6448222
Charity Number: 1122320
Africa Educational Trust England and Charity None None Charitable
33 Creechurch Lane, London. EC3A 5EB Wales Incorporated
Charity Number: 1178306 Organisation
Bread and Water for Africa
33 Creechurch Lane, London. EC3A 5EB England and Charity None None Company Limited by
Company Number: 05043252 Wales Guarantee
Charity Number: 1103138
Street Child Trading Limited
33 Creechurch Lane, London. EC3A 5EB
Company Number: 09943198		 England and
Wales		 Sponsorship and
promotion		 Ordinary 100 Company Limited by
Guarantee

Summarised results for each entity for the year ended 31 March 2024 are as follows:

Children in Crisis
Total Assets
Total Liabilities
Net funds
Total Income
Total Expenditure
Net movement in Funds
Sierra Leone Marathon Limited
Total Assets
Total Liabilities
Net funds
Total Income
Total Expenditure
Net movement in Funds
Street Child International
Total Assets
Total Liabilities
Net funds
Total Income
Total Expenditure
Net movement in Funds
Build Africa Limited
Total Assets
Total Liabilities
Net funds
Total Income
Total Expenditure
Net movement in Funds		 2024
526,908
(52,833)
474,075
2,357,408
(1,855,288)
502,120
2024
107,064
(91,090)
15,974
69,331
(2,823)
66,508
2024
652,226
(1,087,968)
(435,742)
2,108,653
(2,005,351)
103,302
2024
69,103
(2,964)
66,139
278,228
(306,934)
(28,706)		 2023
491,346
(519,418)
(28,072)
3,644,801
(4,243,835)
(599,034)
2023
134,383
(91,241)
43,142
43,583
(2,845)
40,738
2023
879,092
(82,013)
797,078
758,244
(2,094,366)
(1,336,122)
2023
203,385
(108,540)
94,845
440,939
(677,126)
(236,187)

78

STREET CHILD ANNUAL REVIEW

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024

Lessons for Life Foundation
Total Assets
Total Liabilities
Net funds
Total Income
Total Expenditure
Net movement in Funds
Africa Educational Trust
Total Assets
Total Liabilities
Net funds
Total Income
Total Expenditure
Net movement in Funds
Bread and Water for Africa
Total Assets
Total Liabilities
Net funds
Total Income
Total Expenditure
Net movement in Funds
Street Child Trading Limited
Total Assets
Total Liabilities
Net funds
Total Income
Total Expenditure
Net movement in Funds		 2024
82,410
(11,695)
70,715
167
(84,092)
(83,925)
2024
277,051
(463,700)
(186,649)
1,481,066
(1,557,343)
(76,277)
2024
83,112
(12,717)
70,395
26,850
(9,662)
17,188
2024
377,352
(3,728)
373,624
431,633
(58,009)
373,624		 2023
162,879
(8,239)
154,640
160,690
(254,120)
(93,430)
2023
179,369
(289,740)
(110,371)
1,144,421
(1,518,251)
(373,830)
2023
89,807
(36,600)
53,207
75,220
(34,674)
40,546
2023
362,277
(29,122)
333,155
388,000
(54,845)
333,155

21 Capital Commitments

The group had no capital commitments neither at 31 March 2024 nor at 31 March 2023.

STREET CHILD ANNUAL REVIEW

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WITH THANKS TO THE LOCAL PARTNERS WE WORK WITH in OVER 20 COUNTRIES

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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 D Collison L Davies G Heffernan S Hughes 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 C Queree (resigned 31st March 2024)

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 Lane, London EC3A 5EB, UK | info@street-child.org | 020 7614 7696 | @streetchilduk

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info@street-child.co.uk www.street-child.org @streetchilduk @streetchildcharity