Love The Street- Charlty Registration Number 1158534 Trustees Annual Report and Flnanclal Statements For The Perlod 1° March 2024 to 28th February 2025
Contents ftem Cover Sheet Contents List Trustees Annual Re ort Inde endent Examination Recei ts&Pa ments Accounts Statement of Assets and Liabilities Pa e number
Love The Stroot Trnstees Annual Report Objects and Actlvltles The purposes of Love The Street are the promotion of the Christian Faith and the alleviation of SLrffering for the publlc benefft. Love the Street runs a church with a particular emphasis on outreach into Ihe community, offering compassionate and sensitive prayer as well as listening ears to members of the public both locally and around the city. Publlc Benoflt ststemont All trustees have read the guidance on public benefft issued by the Charity Commlssion. With this guidance In mind it has been agreed that all occasions of publlc interaction and the offering of prayer are Intended to inspire, encourage and affimi members of the publlc. offering Increased conneclion and engagement with th81rf8 of the local community. Achlovements and Perlornianco Dozens of members of the publlc have expressed gratitude as w811 as varylng degrees of delight in some instances as experiences of healing, of encountsring God's love, of the alleviation of anxiety and pain and a wllllngness to conslder the person and daims of Jesus Christ for themselves. Love The Street has continued to provide financial support to a number of charitl8s and Individuals working to alleviate suffering in various places around the worfd. Financial support has also continued to be given to fonner and current church members worklng as missionaries in B Thqzil. East Asia. two counties in Africa and with Manchester House of Prayer. Flnanclal Rovlow The charlty mad8 a cash surplus of £94 (2024 cash defidt of £2,039). This leaves a cash balance carrled fOard of £6,181 (2024 £6.087). Cash receipts recelved were £34,828 which is in line with 2024 (£34,168). Expenditure in this financial year decreased by £1,473 from £36,207 to £34,734. In 2023-24 expenditure was higher due to there being 13 payments for the minister instead of 12 due to timing of payments. 2024-25 has returned to the nomial pattem of 12 payments. The decrease in spend of £2.250 was partially offset by an increase in giving of £1.021. Reserves Pollcy The trustees have agreed to hold a minimum of three months expenditure in reserves, which would cover the need to wlnd up the charity unexpectedly. At year end the charity held £6,181 in unrestricted funds with no significant liabilities. There were no restricted funds or endowments Thls cash held at year end is equNalent to 2 months expenditure. The trustees will look to increase the cash reserves held in the future. Ongoing budgeting is carried out and income and expenditure monitored on a regular basis by the treasurer. The trustees consider the charity has resources to continue to operdte for the foreseeable future. Accountlng pollcles These accounts have been produced on a receipt and payments basis under the Chariti8S Act 2011 and The Charilies (Accounts and Reports) Regulations 2008.
Structurn Govomance and Managomont Love The Street was constituted on 19 April 2014 as a Charitable Incorporated Organisation (CIO) Trustees are appointed by resolutlon at a propety convened meeting of the charity trustees. R6lated Party Transactlons R8v Davld Frederick was paid £27,000 for his lead8rship of the thurch in that year. Rev Davld Frederick was also reimbursed for various expenses from his church leadership role work for travel and subsistence and telephone )Sts. The charity's constitution allows for such payments. No payments were made to any other trustees. There were no related party transactions. Referanco and Admlnlstratlve Detalls Charl Name Reglstered Charlty Number Charlty's Prlnclpal Address Love The Street 1158534 26 THOMPSON ROAD EXETER EX12UB Name of tho Charlty Trustses who manage tho charlty Name of Trusts• Offlc• (If any) Dates acted If not for the wholo ear Duncan Tolson Gabriella Abrham Ken Brown Chloe Frederick Davld Frederick Chair Treasurer Secrets
nd min Report to tho trustees members of On tho accounts for year ended Sat out on pages l- 7 Love The Street 28th February 2025 I report to the trustees on my examination of the accounts of the above charity (Ihe Trusr) for the year ended 2810212025 Responslbllftlas and basls of report As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (Ihe Acr). I report in respect of my 8xamination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed the applicabl8 Dlrections glven by the Charity Commission under section 145(5)(b) of the Act. Indopondent Examlnor's Stat•mont I have completed my examination. I nfiTrn that no material matters have come to my 8tt8ntion in connection with the examlnation which glves me cause to believe that in, any materlal respect: accounting records were not kept In accordance with sactlon 130 of the Act or the accounts do not accord with the accounting records I have no concems and have come across no other matters In connection wlth the examination to lch attention should be drawn In order to enable a proper understanding of the accounts to be reached. Slgnod. Dats 13/111%025 Name Karen Silcox Relevant Professlonal Quallficatlon Association of Accounting Technicians Llcence number 1003207 Addrnss 19 Beverley Close Exeter EX2 SNJ
Receipts and payments accounts Charlty nama Charlty Commlsslon rnglstratlon number Love the Street 1158534 Flnanclal Year 1st March 2024 to 28th February 2025 Receipts and payments Unrostrfctod funds Totsl funds Last y•ar Recelpts to th• n••r••t £ to th• nr•$I £ to th• n•ar••t £ Donatlons 28,578 28,578 28.083 Glft ald 6,250 6,250 5,985 Sundry Income Total Rec•lpts 100 34.828 34,828 34,168 Payments Fees to Pastor 27.000 27,000 29,250 Charitsble & Mlssion Glv5ng Mileage Telephone Hall Renlal & Hostlng Costs Mlscellaneous expenses Independent Examination Fee T¢)tsl Payments 7185 7185 6.164 37 37 15 14 14 257 172 172 100 325 325 325 34,734 34,734 36,207 Not of rolPts1(PaYrn0nts) 4.039 Ca8h funds last y•ar end Cash funds thls year end 6,087 6,087 8,126 6,181 6,181 6.087
Statement of assets and liabilities at the end of the period C••h Fund• 6.181 olal C•Bh Fund• 6.181 S¥ned by on• or iwo tru8tM• kEfvJ SlcwpJ Synaturn 20 25