Charity regisiraiion number.. 1163428 StreetlightUK Annual Report and Financial 8tatem¢nts for the Year Ended 31 March 2024 8&ee+L GHTUK a fresh start capLUS COMMUNIT'< AICOUNI ING Th•Que¢n'sAwavd lgrvoluntsry $4rvlce Comn)unily ALcounling Plus Uniis l & 2 North West 41 TalLx)i Street Noitingham NGI 5GL
StreetlightUK Contents (continued) Reference and Administrative Details Truste¢s' Report 2to7 Independent EXamineS Report Statement of Fii)ancial Activities 9t0 10 Balance Sheet Notes to the Financial Ststements 12to20
StreetlightUK Reference and Administrative Details Trustee5 Neil Johnston Jugbir Ware Ashley Duqiie Kienzle Alexandra Davies Simon Coles Naomi Bell Sarah Robb Davina ]in-clarke SeThior Manager Helena Croft MBE, Chief Executive Officer Charity Registration Number 1163428 Principal Office Chiirchill Coiirt 3 Manor Royal Cram'ley RH109LU Independent Examiner John O'Brien. employee of Community Accounting Plus Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL Page I
StreetlightUK Trustees, Report The tiustees present the annua] report together with the financial statements tsf the charity for the year ended 31 March 2024. Truste¢5 and officers The trustees and officers serving during the year and since the year end were as folloivs.. Trustees.. Neil Johnston Jugbir Ware Asliley Duque Kienzle Alexandra Davies Simon Coles Naomi Bell Sarah Robb Davina Invin-clarke Structure, gov¢rnance and management ulure ofgovernimg d(>eument The charity is tsperated ui)dei the rnles of its constitution adopted 1311012014. Recruilnielll anduppoinlnielll of Iruslees Apart from the first charity twsiees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the chariry trustees. In selecting individuals for appointment as charity trustees. the charity trustees must have regard to Ihe skills, kn'ledge and experience needed for the effective adinini%tratii)ii of the CIO. Objectives and activities Ohjects onduinLS (al To asslst in relieving the poverty of persons involved in prostitution, particularly by a process of training counsellors to find. help and advise persons iiivolved in prostitiition. (bl To develop the capacity and skills of those disadvantaged by Sexual abuse or prostitution iii such ways as they are better able to identify aiid help ineet their need5 and to participate inore full}. iii 50Clety. (cl To advance the educaiion of the public: and espeLially children and young people. ii) the dangers of being groomed into prostitution. so as to proinote a healthy lifest}'le and freedtsm In)m exploitatitsn and abuse. (dl To provide a Iront line gpecialist support service for the support of police, social services and other agencies ei)gaged li) the prevention oltraffiLking of individuals for sexual exploitation or other abuses. (el Such other services which are exclusively charitable according to the law of England and Wales and are connecied with the charitable work of Streetlighi UK. Page 2
StreetlightUK Trustees, Report (continued) Publi¢ bertefii I. OUTREACH TEAMS - t)ight-time outreach and 1-2-1 daytime support, which include staff and trained volunteers. Meeting ihe main grant needs of.. 'A healthy and well future physical and mental healih and wellbeing" by Practically supporting women with sexual health needs, goal seiting, relationship boundaries and reporting crimes. Supporting women tl) remove the barriers they face in exiting prostitution. Increasing omen's physical ivellbeing and positive mental health. giving hope for the future, supporting women in breaking out of cycles of trauma through involvement in prostitution. 2. PROVIDING CARE PACKS - Including attack alarms, CL)ndoms. STI testing kits. pregnancy tests. ioiletries and service flyers enabling connection of a difficult to reach group of women. into local services. Between April 2022- March 2023, we hgve provided 623 care pack.% acro%8 our %ervi¢e. - VISITING BROTHELS AND SUSPECTED VICTIMS OF TRAFFICKING.. Oiir support workers attend live operations into brothels to support suspected trafficked virtims. Joint police operations for welfar¢ ¢hecks, siippnrting women to access the National Referral Mcchanism if they have been trafficked. 4. ONLINE SUPPORT - Initially as a resiilt of COVID- some WOTnen have moved to phone and webcam sex rather than in-person increasing their isolation and mental health needs. We have increased our online support by 25 1 as a resiilt. 5. YOU CHOOSE - DETERRING RE-OFFENDING COURSE - For Tnen arrested for solicitingF on_5treet sex. Educating thein 01) the consequences and impact of their chtsices oli womei) and the community. With 66 men attending betweeii April 2022 - March 2023 and a 95 /0 success rate in deterring re•offending in Tower Hamlets, Newham, and Enfield. 6. TRAINING Delivering bespoke training for professionals. including the police, local authority, and other NGO'S aroui)d how to engage with womei) involved it) prostitution, addressing the ASB ielated issues in communities. The trustees confirm that they have complied with the requirements of se¢tion 17 of the Charities Act 2011 to have dii¢ regard to the public benefit guidance published by the Charity Commission for England and Wales. Page 3
StreetlightUK Trustees, Report (continued) Achievements and performance THIS LAST YEAR HAS BEEN EXCEPTIONAL IN TERMS OF GROWTH AND ACHIEVEMENT! Across London we are building stronger partner5hip5 Wlth our Funder5. Other NGO'S and police partners. Our outreach is now impactinu significant nUrnbe of women in boroubTh5 in both north and south London. Our volunteer5 frequently support women througFh on-street oiitreach and deal ii'ith ¥rowinbF nuinber of off-street self-refeTra15. The niiinber of refetrals, joint police operatiot15 and service user contacts has growli exponentially. Streetli¥ht UK provides a detEIng re-offending couise ftsr men atrested foi kerb Liawlin¥ li) a groi¥in¥ number of London Boruii¥hs called". the 'You Ch005e' coiirse. Over the past year: the numbei of men attending each mijnth doubled and over 240 inen have now attended the course. with a 95 /0 success rate in deterring reotTending. In Sussexlsurrey, our trained volunteers and staff work hard to m&ximize women reached through engaging in online outreach and support. and live operations with the Police. Support Workers meet w'ith women one-to-one to provide them with individually tailored support. Our previous pilot of a Wellbeing Course ai HMP Downsview. giving women advice on sexual healih, sexual boundaries, consent. laws around prostitution and sexuality. has also been delivered at HMP Send and we have ongoing and growing links with HMP'S across the South Easi. Much of our work is done in partnership and we would like to tske this opportunity to thgnk all the local agencies who have helped us pri)vide a ci)mprehensive service to our service users. Together with our partners, we work hard to reduce the risk and impact of violence against women and girls and the associated hamis of prostitution within Ihe region, including those who have been trafficked for the purpose of sexual exploitation. WE ARE EXTREMELY THANKFUL FOR THE SUPPORT OF OUR FUNDERS LISTED BELOW.. as well as many of the individual donors and partners. Lloyds Bank Foundation Keniieth Copeland Ministrie5 MOPAC & London Ctsminunity Foundatioi) Mrs Sinith ai)d Mount Trust National LotteTr' Commuiiity Fund Peabody Community Fund SuTrey Cotnmunity Follndatitsn (Charles Russell Speechlys Coinmunity Fund} Surrey PCC Sussex Communiry Foundatioii Sussex PCC The Charles Lewis Foundation The Crucible Trust Fund The Fore Souter Charitable Trust Two Magpies Trust ITW United Way Lifespring Church Kingdom Faith Church Page 4
StreetlightUK Trustees, Report (continued) In June 2021. we were hontsured to ieceive the Queen's Aw'ard for Voluntary Service the MBE foi charities. Wt also received an extra award froin the QAVS in reco¥nition of our trontline support durin¥ the Ctsroi)avirus pandemic. We would like tts especially thank our growing teains of vvlunteer5, who are always inotivated and flexible and who come with a grow'ing professional skillset. li is to their credit thai we were successful in being awarded.. Ihis prestigious award. Our volunieers and stal'Ps approach ensures that every woman who has contact with Streetlight UK. has both the professional and compassionate support they need. In June 2023. StreetlightUK's CEO, Mrs Helena Croft, was awarded an MBE in the King-s Birthday Honours List 2023. This prestigious honour is recognition of her outstanding contribuiilin to the charity sector, particularly in supporting vulnerable M'omen. Over the years, StreetlightUK has helped countless women to rebuild their lives and regain their independence. The organisation has been a beacon of hope for vulnerable women, and Mrs Croft-s MBE is a testameni to the impact that StreetlightUK has made in so¢iety'. Finaneial review Policy OR reserves I. PURPOSE OF POLICY The PUTpose of the Reserve Policy for Streetlight UK is to ensure the stability of the mission. programs, employment, and ongoing operations of the organisation. The Operating Reserve is intended to provide an internal 5011rce of fund5 for 5ltu-ation5 such a5 a 5uddeii increase in expenses, one-tiine iinbudgeted expense5. unanticipated 105s in fundin¥, or uninsured losses. The ReSee Tna}' also be used for one-time, iion-recuTringF expenses that will build long-temi capacity, such as staff development, research and development, or investtnent iii infrastructure. Operating Reserves are not intended to replace a pernjanent loss of funds or eliminate an ongoing budget gap. It is the iiitentioi) of Streetlight UK for Operating Reserves to be used and replenished within a reasonably short peiiod of time. The Reserve Policy will be implemented in conjunction with the other governance and finat)¢ial polices of Streetli¥ht UK and 15 intended tts support the goals and stTategies ¢oi)tained in these related policies and i straiegic and operational plans. 2. DEFINITIONS AND GOALS a. OPERATING RESERVES IN LIGHT OF CORONVIRUS PANDEMIC (COVID19) The Operating Reserve Fund is defined as a designated fund set aside by action of ihe BL)ard of Trustees. The minimum amouni to be designated as Operating Reserve will be established in an amount sufficient to maintain ongoing operations and programs for a set period of time, measured in months. The Operating Reserve serves a dynamic role and will be reviewed and adjusied in response to internal and external changes. The target minimum Opergting Reserve Fund is equal to six months of average operating costs. Streetlight UK benefit% from a 6 month reserve in order to protect the organisation: by providing long term financial stability hilst facing the iincertainty surrounding Covid-19 that will likely bring continued chgllenges in Ihe coming years. Many of our annually reviewed and renewed grantslcontracts are at risk diie to Funders having a reduced budget diiring this time. This in turn affects Streetlight UK'S abilitr), to maintain oiir high level siipport services for women involved in prostitution. This coiild Icave niany setwice users isolated, vulnerable and without acces5 to basic necessities. Page 5
StreetlightUK Trustees, Report (continued) By extending our ieserve policy to six mtsnths. the ortsanisation would have longer term security ttir our vital support system. In the event ot. findnLial crisis caused b>, the pandeinic, Streetlight UK would have sufticient fund5 to Ininimise the impact tsn the women currently supported by our services. The calculation of average monthly operating costs includes all recurring. predictable expenses such as salaries and benefits. occupancy. office, travel, program. and ongoing professional services. Depreciation. in-kind. and other non-cash expenses are not included in the calculation. The calculation of average monthly expenses also excludes some expenses including one off capital purchases such as an ouireach vehicle. The amount of the Operaiing Reserve Fund target minimum will be calculated each year after approval of the annual budgeL reported to Ihe Board of Trustees, and included in the regular financial reports. b. OPPORTIJNITY RESERVES The Opportunity Re%erve is intended to provide ndS to m¢et special targets of opportunity or need that further the mission of the organi%atioll which may or may not have specific expectation of incremental or long-temi increased income. Th¢ Opportiinity Reserve is also intcnded as a source of internal funds fi)r organisational capacity building such as stsff development. resegrch and development, or investment in infrastrllctllre Ihai will build long-temi capacity. The target amout]t of the Opportunity Reserve will be determined by the CEO and Finance Sub Committee. tkcisions, which will then be fonnally approved by the Board. i. ACCOUNTING FOR RESERVES The Operating Reserve Fund will be recorded in the financial records as Board-Designated Operating Reserve. The Fui)d will be funded and available in Lash or tash equivalei)t funds. Operating Reserves will be inaintained li) a segregated bank account or investment fund, in accordance with the Investment Policy. 4. FUNDtNG OF RESERVES The Operating Reserve Fund will be funded with surplus unrestricted operating funds. The Board of Trustees may from time io time direci that a specific source of revenue be set aside for Operaiing Reserves. Examples may include one•time gifts or bequests. special grants. or special appeals. 5. USE OF RESERVES Use of the Operating Reserves requires three steps.. a. IDENTIFICATION OF APPROPRIATE USE OF RESERVE FUNDS The CEO and staff .111 ideiitify the need for access to reserve funds and coiifirni that the use is consistent with the PiiTpose of the reserves as described in this Policy. This step reqiiires analysis of the reasoii for the shortfall, the availability of any other sources of funds before using reserves, and evaluation of the time period that the flind5 will b¢ required and replenish¢d. b. AUTHORITY TO USE OPERA TING RESERVES The CEO has delegFated authorisation to manage the operating reserves and consults Wlth the Chair of Finan¢e/Board of Trustees. The use of the operating reserves is di5¢U5sed by the CEO and Board of Trustees at the iiext scheduled meeting. REPORTING AND MONITORING The CEO is responsible for ensuring that the Operating Reserve Fund is mainthined and used onlj, as described in this Policy. Upon approval for the use of Operaiing Reserve funds, the CEO will maintain records ol. the use of funds and plan for replenishinent. She will provide regular reports to the Board of Trustees of progress to restore the Fund to the target minimum an)ount. 6. RELATIONSHIP TO OTHER POLICIES Streetlight UK shall maintain the following board-approwed policies, which may contain provisions that affect the creation: sufficiency, and nianagemeni of the Operating Reserve Fund. This Policy is in relaiionship to.. Financial Policy, Investment Policy, Delegated Authority Policy. Page 6
StreetlightUK Trustees, Report (continued) StAfement of Trustee5' Respon$ibilitTes The twslees are responsible for preparin8 the ILwfeES' Port and the financial slatements in accordlnce with the United Kingdom AectsunliThg Si#ttdards (United Kingdom Guserally Ac¢epted A¢¢oiinting PtICe) and appliubl¢ law and regulations. Thr law applicablelo charities require5 the tNstees to prepare financial stat¢ments for e8ch financial y¢8r whi¢h give a trne and fair view of the state of affairs of the chftrity and of the incoming resourcES and appllcation of resources of tlie charity for tliai period. In pr¢paTing these financial statements, tli¢ trustees are required to= select suitable accounting )1cleS and then apply them consistently; observe the mhOd5 and principles in tlw Charities SORP- moke judgattents and estimat¢s ihat are reasonoble at)d prudent: statc wh¢iher applicabl¢ axouniing standards liav¢ been followed. 5Libject tt) any mat¢rial departures disclosed and explained iii the finan¢ial $tatemeiits', aiid prepare the fmancial st?tements th¢ going ¢on¢¢rn basis unles$ it is inapprowiate w pSuMe tha¢ the charity will continue in bysiness. Th8 trustees &re responsible for keeping pmpEr 8ccounting records that disclose with reasonable acCU¢Y at any time the financial position of the charity aiid enable ibEm to ensure that the finallcial statements coinply with ihe Ch2rÈtie5 Act 2011, the Charities {AOUnt$ ai)d Reports) Regulations 2008, wid the provi510J15 of the constitution. Tlie trustees ar¢ abo rcgpoTksible for safeguarding tlie assets of th¢ Charity and hence for tsking reasonable steps for the prevention Ind dctection of fraud and other irregularities. d by the trustees of the chariry on .. 2610712024 . and Signed on ils behalf by.. Ashley Duque Kienzle Trustee Pa8e 7
StreetlightUK Independent Examiner's Report to the trustees of StreetlightUK Itldependent exarnitLer'5 report to the trustees of StreetlightUK I report to the trustees on my examination of the accounts of StreetlightUK (the Charity) for the yeai ended 31 March 2024. Responsibilitie5 and basis of report As the trnstees of the charity you are responsible for the preparation of the ac¢ounts in accordan¢e with the requirements of the Charities Act 2011 (the Act')- I report in respect of my examination of the Charity's accounts carried oiit under section 145 of the 2011 Act and in carry'ing out my examination I have followed all the applicable direction5 given by the Charity Commission under section 145{5)(b) of the Act. llldependent exarnitler 5 Staternent Since the C.hariiy's gross income exceeded £250.000 your examiner must be a member of a body listed in sectilin 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member and Felloiv of the Association of Charity Independent Examiners, which is one of the listed bodies. I have compleied my examination. I confimi that no matters have come to my attention in connectilin with the examinaiion giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the Act: or 2. the accounts do not accord with those records: or 3. the accounts do not Comply with the accounting requirements concerning the forni and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view 'hICh is not a matter considered as part of an independent examination. I have no concerns and have come acros5 110 other inatters iii connection with the examination to which attention sliould be drawli in this report iii order to enable a proper under5tandinu of the accouiits to be reached. John O'Brien Msc, FAIA, FCCA. FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL 3010712024 Page 8
StreetlightUK Statement of Financial Aetivities for the Year Ended 31 Mareh 2024 Total 2024 Total 2023 Unrestricted Restricted Note Income and Endowments from: Donations and legacies Charitable activities Other trading activities Investment income 78.577 14.159 6,656 6.480 78.577 239,964 6,656 6.480 35.273 273,164 1,837 225,805 TOL41 Income 105,872 225,805 331.677 310,785 Expenditure on: Charitable activities lJ9,725) (265,850) 1305.575) (239.833) Total Expenditure lJ9.725) (265,850) 1305.575) (239.833) Net IriLomel(expenditurel Gross transfer5 between funds 66,147 (1,442) 140.045) 1,442 26,102 70,952 Net movement in funds 64.705 {J8.603) 26.102 70,952 Reconciliation o( (unds Total funds brou¥ht forw'ard 116,774 132.517 249.291 178.339 Total fund5 carried fotTrvard 181,479 93,914 275,393 249,291 All of the charity's activities derive from continuing operations during the above two period5. The funds breakdo1 for the period is shown in note 15. The notes on pages 12 to 20 forni an integral part of these financial siatements. Page 9
StreetlightUK Statement of Finaneial Activities for the Year Ended 31 March 2024 (continued) Total 2023 UThrestricted Restricted Note Income and Endowments from: Donations and legacies Charitable activities Other trading activities Investment income 35.273 18,6iO 1,837 35.273 273,164 1,837 254.5i4 TOL41 Income 56,251 254.5J4 310,785 Expenditure on: Charitable activities 123.606) 1216 ?27) (239.833) Total Expenditure {23.606) 1216 ?27) (239.833) Net income Gross transfer5 between funds 32,645 2,318 38,307 (2,i18) 70,952 Net movement in funds 34,963 35.989 70,952 Reconciliation o( (unds Total funds brou¥ht forw'ard 81.811 96.528 178.339 Total fund5 carried fotTrvard 116,774 132,517 249,291 The notes on pages 12 to 20 forni an integral part of these financial siatements. Page 10
StreetlightUK (Registration number: 1163428) Balanee Sheet #s at 31 March 21)24 2024 2023 NOIÈ Fixed g$set$ Taiigibl¢ ass¢ts 4.489 7J46 Cllrr¢nt *$$¢ts Debiors Cash bank and in haiid 12 13 6J03 269,579 27S,882 1,863 ?41.815 243.678 Creditors: Amounts fglling due within one yr 14 14,978) (1.733) Net Current assets 270.9114 ?41.945 Net assets 275.39J ?49291 Funds of the ¢harity: Tlrttricted intome funds Rtstricted funds 93,914 132.517 Unrestricted illcome fuMds Unrestrici¢d funds 181.479 116,774 Total tsnds 275 393 249,291 Thc fin2Jhoi&l statemeths on pages 9 to 20 were approved by the trustees and authorised foy issue on 2610712024 si1cd on their behalf by.. Cole5 ruste¢ The notes on pages 12 to 20 fomi an Èntegrz5 part of these finai)cial statenients. Pag¢ll
StreetlightUK Iyotes to the Financial Statements for the Year Ended 31 March 2024 l Accounting polieies Statement of eompliartee 'I'hc financial statcincnts have been pr¢par¢d in accordance with the second ¢dition of th¢ Charities Statement of Rccommended Practic¢ issued in Octi)ber 2019. the Financial Reporting Standard applicable in the United KinbFdoin at]d Republic of Ireland IFRS 102) aiid the Cliaritie5 Act 2011. Basis of preparation StreetlightUK meets the defiiiition of a public benefit entity linder FRS 102. Assets and liabilities are initially recognised at historical cost 01 tra115actioii value uiile55 Othetwise stated in the relevant accounting policy notes. Exemption from preparing a cash f]ow statement Under the exemption available to STnaller charities the Board of Trustees has chosen not to include a Statement of Cash Flows within the financial stateTnents. Going £on£ern The financial siatemen(s have been prepared on a going concern basis. The trustees assess whether the use ol. going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast sigiiificant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment iii respect of a period of one year from the date of approval of the financial siatements. Income and endown]ents Voluniary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the chariry has entitlement to the income, it is probable that ihe income will be received and the amount can be measured with sufficient reliability. Doiiulion5 and legocie5 Donation5 and legacies are recognised on a receivable basis wheii receipt is probable and the amount Can be reliably measured. Grartts rec'elvable Grants are recognised when the charity has an entitlement to the funds and any condiiions linked to the grants have been met. Where perfomiance conditions are attached to the grani and are yet tl) be meL the income is recognised as a liability and included on Ihe balance sheet as deferred income to be released. Inveslmenl income Dividends are recobFnised once the dividend has been declared and notification has been received of the dividend due. Page 12
StreetlightUK Notes to the Finaneial Statements for the Year Ended 31 Mareh 2024 (Continued) Expenditure All expenditurt is recogn15ed once there is a le¥al or constTU¢tive obli¥ation to that expenditure, it is probable settlement 15 required and the amount can be measured reliably. All cost5 are allocated to the applicable expenditure heading that aggFre¥ate5 5iinilar costs to that categFory. Where costs cannot be directly attributed to particular headings they have been allocated on a basi5 consistent with the use of resources, with central staff Costs allocated on the basi5 of time spent. and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based 011 the spread of staff costs. Churilable dctivilies Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nare necessary to support them. Taxation The charity is considered to pass the tests set out in Paragraph I Schedul¢ 6 of th¢ Fingnce Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly. the charity is potentially exempt from taxation in respeci of income or capital gains received within categories covered by Chapter 3 Pgrt 1 l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gain5 Act 1992, to the extent that such income or gains are applied exclusively to charitsble putposes. Tangible fixed assets Individual fixed assets costing £500.00 or inore are iiiitially recorded at cost, les5 any 5ub5equent accumulated depreciation and subsequent accuinulated impaim)ent losses. Depreeiation and amortisation Depreciation is provided on tan(Tible fixed assets so as to write off the cost or valuation, less any estimated residual value. over their expecied usetul economic life as follows.. Asset class Motor vehicle5 Computer equipment Depreciation method and rate 200/D StraiiT t liiie 330/0 straight line Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost Using the effective interest inethod, less provisioil for impainneiit. A provision for the iinpaiTment of debtor5 IS established when theTe is objective evidence that the charity. will not be able to collect all amout]ts due according to the original tenns of the receivables. Cash and cash equivalents Cash and cash equivalent5 coniprise cash oil hand and call deposit5. and other short-temi highly liquid ii)vestmei)ts that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Page 13
StreetlightUK Notes to the Finaneial Statements for the Year Ended 31 Mareh 2024 (Continued) Trade creditors Trade creditor5 are obli¥ations to pay for goods or services that have been acquired in tlie ordinary course of bu5iiies5 from suppliers. Accounts payable are classified as current liabilities if the charity does not hal'e a unconditional right, at the end of the reporting perio to defer settlement of the creditor for at least twelve nionth5 after the reportin¥ date. If there is an unconditional ri¥ht to defer 5ettleinent for at least twelve moiith5 after the reporting date, they are presented as non-ciirrent liabilities. Trade creditois are recognised initially at the transactioi) price and subsequently measured at amortised cost using the effective interest method. Borrowings Inierest-bearing borrowings are initially recorded at fair value, nei of transaction costs. Inierest-bearing borroivings are subseqiienily carried at amortised cost. with the difference between the proceeds, nei of transaciion costs. and the amount due on redemption being recognised as a charge to the over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest meihod and is included in interest payable and similar charges. Born)wings are classified as current liabilities unless the has an unconditional right to defer s¢ttlem¢nt of the liability for at least twelve months after ihe reporting date. Fund structure Unresiricted income funds are general funds that are available for use at the trustees, discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific pllrpose5, the use of wl)ich is restricted to that area or piirpose. Prei'ioms period comparison The previous period's figures have not been included for comparison because the layout used in the previous period was substsntially different and does not lend itself to clear comparison. 2 Intome from donations #nd legaties Unrestrieted funds Getheral Total 2024 Total 2023 Donations and legaci¢s,' Donations from individuals Grants. including capital grants: Grants In)m other chaiities Grants In)m coinpanies 18,345 18,345 18,273 25,000 25,000 35.2i2 4,000 78,577 78,577 35,273 Page 14
StreetlightUK Notes to the Finaneial Statements for the Year Ended 31 Mareh 2024 (Continued) 3 Income from eharitable activities Unrestricted funds General Restricted funds Total 2024 Total 2023 Grants & dot]ations 225,805 225,805 14,159 254.534 18,600 30 Sgles & fees Sundry income 14,159 14,159 225,805 ?39,964 27J,164 4 Income from other trading activities Unrestricted funds General Total 2024 Total 2023 Fundraising income 0,656 6,656 1,837 6,656 6,656 1,8)7 S Investment ineome Unrestrieted funds General Total 2024 Total 2023 Interest receivable and similar income: Interest receivable on bank deposits 6,480 6.480 6 Grant5 and donations Unrestrieted funds Restricted funds Total fund5 London Commui)ity Foundation - Mayors Office of Police & Crime Sussex Police & Crin)e Commissioner 77.075 58.882 77.075 58.882 London Community Foundation - Mayors Offi¢e of Police & Crime The Fore Charles Hayward Foundaiion Mis Sinith & Mouiit Trust Sussex Cominunity Foui)datioi) - W Reed & Green Fund London Borough of Lambeth A5hburnham Trust 35.940 15,000 7,000 5,000 35.940 15,000 7,000 5,000 5,000 2.500 1.000 5,000 2,500 1,000 Page 15
StreetlightUK Notes to the Finaneial Statements for the Year Ended 31 Mareh 2024 (Continued) Unrestricted runds Restricted funds Total funds Lloyds Bank Foundation The Fonvard Tst 23-24 K Copeland Minisiries UK Kingdom Faith Church Sundry grants & donations 25.000 22,482 10,000 2,750 18.345 25.000 22,482 10,000 2,750 36,753 18.408 78,577 225,805 304,382 7 Expenditure on charitable actiwilie5 Unrestricted funds General Restricted funds Total 2024 Total 2023 Bank charges Equipment, repair5 & renewals Legal & professional fees Office commiinications OITice supplies Subscriptions Trustee expenses Events Fundraising costs Hospitality Sundry expenses Purchases Ol'fice rent Service provision Outreach vehicle costs Staff outreach Veniie hire stsff costs Consultsncy Intern expenses Volunteer expenses Life insurance 520 520 166 166 883 437 2.706 i.143 186 2.597 337 186 206 1,606 185 1,097 206 1,919 583 1,097 195 126 263 1,909 483 313 398 195 30 96 513 42 42 3,606 22,684 7,566 2.506 3.10) 1.050 600 1,750 370 45 911 2.401 897 240,803 2,917 2,325 i.856 30 3,606 22,684 6,877 2.482 2,881 1.050 59i 1,750 370 21,548 16,065 689 24 224 3,500 308 45 91 20 193 27,302 719 870 820 2.381 704 213,501 2,198 1,455 Recruitment stsff expenses Wages, Nl & pensions Stsff travel Staff & volunteer training Depreciation 735 1,397 184,016 740 922 39,725 265,850 305,575 239,833 Page 16
StreetlightUK Notes to the Finaneial Statements for the Year Ended 31 Mareh 2024 (Continued) 8 St8ff £0s¢s The aggregate payroll costs were as follows.. 2024 2023 Staff cost5 during the year were: Wa¥e5 and salaries Social security costs Pension costs 222,031 172,041 7.206 4.769 6.2i) 240,80J 184,016 The monthly avern¥e nuinber of persons {including senior management team) etnployed by the charity durin¥ the year wa5 as follows-. 2024 2023 Average number of persons employed 12 (2023 - 10) of the above emplL)yees participated in the Defined Contribution Pension Schemes. Contributions to the employee pension schemes for the year totalled £6.235 {2023 £4.709). No employee received emoluments L)f more than £60,000 during the year The tgtsl employee benefits of the key management personnel of the charity were £1 17,05812023 - £76,030). 9 Independent examiner's fees During the period, the fees paygble (excluding VATI to the ¢harity's independent examiner Community Accounting Plus are analysed as follo'S.. 2024 2023 Independent examiiiation Other financial services 740 700 990 252 1,730 952 Page 17
StreetlightUK Notes to the Finaneial Statements for the Year Ended 31 Mareh 2024 (Continued) 10 Taxation The charity is a registered charity and 15 therefore exempt from taxation. I l Tangible fixed assets Computer equipment Motor wehieles Total Cost At l April 2023 Addition5 6.500 6.669 999 13,169 999 At 31 March 2024 6,500 7,668 14,168 Depreciation At l April 2023 Charge for the year 2.600 1,300 3,223 2,556 5,823 i,856 At 31 March 2024 3,900 5,779 9,679 Net book value At 31 March 2024 2.600 1.889 4,489 At 31 March 2023 i.900 3.446 7,i46 12 Dtbtors 2024 2023 Prepayments Other debtors 1,612 4,691 1,863 6,303 1,863 13 Cash and cash equivalenls 2024 2023 Cash on hand 83 241,732 Cgsh at bank 269,579 269.579 241,815 Page 18
StreetlightUK Notes to the Finaneial Statements for the Year Ended 31 Mareh 2024 (Continued) 14 Creditors: amounts falling due within one year 2024 2023 Trade creditors Other creditors 2.471 2,507 1,733 4.978 1.733 IS Funds Balance at 31 Mareh 2024 Balance at I April 2023 Incoming resources Resources expended Transfers Unrestricted funds Generul General 116,774 105,872 (39,725) (1,442) 181,479 Restricted fuDd5 Adinini5tration Sussex setvice Surrey setwice Consultancy London wide Outreach vehicle 61,266 16,625 34,761 (216) (69 ?96) (i?,614) (1,750) {161,282) (692) 61,050 65,282 2.147 1,749 (999) 692 19,864 160,523 18,106 Total restricted funds 132,517 225,805 {265,850) 1.442 93,914 Total fund5 249,291 331,677 {305,575) 275,393 The specific purposes for which the funds are io be applied are as follows.. The Administration fund comprises funding toward supporting the general administration costs of the organisation. The Siissex service fvnd comprises nding toward the operation of our Sussex based service. The Siirrey %ervi¢e fund compri%es funding tom'ard the operation of our Siirre}' based service. The Consultancy fvnd ci)mprise% funding toward delivery. of specific ¢on%ultanc}' work. The London wide fund comprises funding loard the operation of our service across the London area. The Outreach vehicle fund provided by Two Magpies, compTiSeS fiinding tO..ard the purchase of an outreach vehicle and associated running costs. The transfer from the London wide fund to the General fund represents the net book value of fixed assets, the use of which is not subject 10 any restriction. The Iransfers frlim the General fund to the Consultancy and Outreach vehicle funds are to cover the deficits on these activities. Page 19
StreetlightUK Notes to the Finaneial Statements for the Year Ended 31 Mareh 2024 (Continued) Balance at 31 March 2023 Balance at I April 2022 IncorniDg re50urees Resources expended Trallsfers Unrestricted fund5 Generftl General 81.811 56,251 (23,606) 2,318 116.774 Restricted Adminisirgtion Sussex service Surrey service Consultancy London wide Outreach vehicle 22,516 9.868 39,289 1,751 20,409 2.695 38,750 78,882 33,792 1,750 101,360 61,266 16,625 34,761 (72,1?5) (38,320) (3,500) (98 ?36) 14,046) (3.669) ,351 19,864 Total restricted funds 96,528 254,5i4 {216,?27) (?,318) 132.517 Total funds 178,339 310,785 {239,833) 249,291 16 Analysis of net #ssets between funds Unrestricted 2024 Total funds General Restricted Tangible fixed assets Current assets Current liabilities 4,489 181,968 (4,9781 4,489 275,882 (4,978) 93,914 Total net assets 181,479 93,914 275,393 Unrestricted 2023 Total funds General Restricted Tangible fixed assets Current assets Current liabilities 7.346 7.346 243,678 (1,733) 132,517 (1,733) Totsl net assets 116,774 132,517 249,291 17 Related party tran5a¢t10115 There were no related party transactions in the year. 18 Trustees rernuneration and expenses £584 (2023.. £5731 was spent on 5ubslStence for the Trusiee AGM and a Trustee lunch later in the year. Page 20