# **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2023** ## **STREET STORAGE** (Charitable Incorporated Organisation) **CHARITY REGISTRATION No: 1184447** Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS ## **STREET STORAGE** (Charitable Incorporated Organisation) ## **CONTENTS** |Page 3|Legal and Administrative Information| |---|---| |Pages 4 to 6|Trustees' Report| |Page 7|Statement of Financial Activities| |Page 8|Balance Sheet| |Pages 9 to 16|Notes to the Financial Statements| |Page 17|Independent Examiner's Report| 2 ## **STREET STORAGE** (Charitable Incorporated Organisation) ## **LEGAL AND ADMINISTRATIVE INFORMATION** **CHARITY NUMBER** 1184447 **DATE OF REGISTRATION** 16th July 2019 **START OF FINANCIAL YEAR** 1st August 2022 **END OF FINANCIAL YEAR** 31st July 2023 **TRUSTEES AT 31ST JULY 2023** T. DeFraine L. Quigley D. Kapur H. Iridag S. Eaton S. Kapoor **LEGAL STATUS** Charitable Incorporated Organisation **GOVERNING INSTRUMENT** CIO - Association Registered 16th July 2020 as Amended 3rd February 2020. ## **OBJECTS** The prevention or relief of poverty for the public benefit among homeless people and rough sleepers in the UK by providing free, accessible and secure storage units for their personal belongings to be stored in. **CORRESPONDENCE ADDRESS** Haggerston Community Centre 8 Lovelace Street London E8 4FF **PRIMARY BANKERS** HSBC Bank Plc. Lion House 25 Islington High St The Angel London N1 9LJ **INDEPENDENT EXAMINERS** Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS 3 ## **STREET STORAGE** (Charitable Incorporated Organisation) ## **TRUSTEES' REPORT** ## **FOR THE YEAR ENDED 31ST JULY 2023** The Trustees present their report together with the Accounts for the year ended 31st July 2023. ## **Status and Administration** Street Storage (the Charity) was founded in November 2018 and was constituted and registered as a Charitable Incorporated Organisation (CIO) by the Charity Commission 16th July 2019 (Registered Number 1184447). The Trustees who have served during the Charity’s second official registered year are as follows: Dipak Kapur (Chair) Harika Iridag (Treasurer) Lauren Quigley (Secretary) Thomas DeFraine Sheetal Kapoor Sharon Eaton ## **Trustee Changes** No changes in this period. ## **Objects** The Objects of the Charity are: The prevention or relief of poverty through providing those sleeping on the street in London with access to free and safe storage units. The Charity also provides a storage transport service and one to one advice, information and signposting. The charity also works alongside many local and national partner organisations, outreach teams and emergency response teams to encourage multi-agency working and a greater breadth of impact for the people it serves. ## **Review of Activities** Within this period, Trustees met on the following dates: Trustee Meetings: 28th September 2022 7th December 2022 23rd January 2023 20th March 2023 ## **Strategy Day + Trustee Meeting:** There was no Strategy Day in this period. **Stats** - In this financial period, we had 475 total referrals. This is a 1.72x increase from the 21-22 period. Out of these, 249 were accepted for storage in total. As of 24/10/2023, out of the 475 referrals from this period, 106 (22.32%) are currently stored with us, 125 (26.31%) have taken back their belongings. A large number (163, 34.32%), didn't follow up post-referral and others were not accepted or found alternative solutions. Street homelessness remains the main reason for referral, at 223 people (46.95%), closely followed by eviction at 97 people, 20.42% and the majority of these stored referrals remain at our Haggerston unit. Out of those people, people on average stay 116 days or 3.9 months before being released. For more stats on nationality, age, gender, average time stored etc please see our Annual Report-which also includes a handy comparison to FY 2021/2. **Staff and Volunteers** - This financial period saw Cameron Dos-Santos and Daniella Delmonte join us as we continued our internal growth. Cameron was hired as a Service Administrator in September 2022 and is part of the Hackney and Learning Curve Apprenticeship Scheme. He manages all our supplies and systems. Daniella joined the team in May 2023 as a Referral Support Worker on the front line of the organisation to support service delivery and further build our Street Storage community. Read more about them in our 2022/3 Annual Report. Notable mentors and volunteers in this period included Chris Newburn, Gemma Zabbar, Guy Davis and Mark Kitson. 4 ## **STREET STORAGE** (Charitable Incorporated Organisation) ## **TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST JULY 2023** **Operational Developments -** Street Storage used this financial period and new hires to develop our internal systems and operations as well as in 2023 begin the legal leasing process of a move into a much larger London HQ, planned for FY 2023/4. We developed our Social Media Strategy and improved the relevance and frequency of our content. We significantly improved our impact reporting through Salesforce, improving our collation and analysis of data - both qualitative and quantitative, our infographics and our stats. We created a donor newsletter to engage our supporters and sought pro bono legal support to see through the lease of our new London HQ in Highbury and began the hiring process for a Replication Manager to take Street Storage across the UK for the first time! **Events and Campaigns -** his year saw the release of our Street Storage Animation, supported by HelpFilm and voiced by Gail Porter which was introduced alongside our Everyday Campaign (Nov 22). We attended many networking, fundraising and sector events including the Housing Sector Leaders Conference (June 23), a panel for International Women's Day (May 23), The Homelessness Commemoration Service (Nov 22) and the Cinnamon Leaders Retreat (Jan 23). **Partnerships -** Notable partners in this financial period included Aspen Insurance, BPL Global, The Cinnamon Network, LUSH Retail, the Southall Black Sisters and CMS-CMNO. Please see the Street Storage 2021/22 Annual Report for further details on our beneficiaries, our fundraising, our supporters, our volunteer activities, our service impact and future growth plans. ## **Funding and Financial Affairs** Street Storage is extremely grateful for the support of the following grant makers, trusts and corporate funders for their contribution to our service: Allan Charitable Trust, Aspen Insurance, Beatrice Laing Trust, Blyth Watson Charitable Trust, BPL Global, The Cinnamon Network, Deloitte, Emmaus Lambeth & Surrey, St Giles and St George (Field Bbury), Garfield Weston Foundation, The Haberdashers Company, Homewood Road United Reformed Church, Islington Giving - Mind the Gap, Linbury Trust, London Catalyst, Magic Little Grants, Manor Trust, The Merchant Taylors Company, Somers Town Community Association, Streets of London, The Tudor Trust The Worshipful Company of Insurers, Together for London and the Weavers Benevolent Fund. Notable individual donors include Erik Armellino and Jane Smith, in memory of John Hill. We would also like to thank all our individual and regular givers for supporting us so consistently throughout the year. We would like to thank London Catalyst in this report specifically - again - for their Samaritan Grant Funding. This grant has been # used throughout the Financial Period for emergency accommodation, transport, supplies, food and equipment for individuals. It has been life changing for some people and we have felt truly grateful for London Catalyst's flexibility and trust through this grant. Fundraising Activities and Individuals: LUSH Retail Fundraiser Weekend (Apr 23), Street Storage's Crowdfunder, sponsored by Aviva alongside the #Everyday campaign, Homewood Road URC Events throughout 2023, Jess and Emily Elliott's Orchestra Fundraiser (May 23), Caroline O'Donnell, Steve Webster, and Jon Woolfson (London Walk Mar 23), Berenice Pauly, Emily Golloub, Sally Hodgin, Giulia Forster and Rebecca Fogg (LLHM, April 23), Lauren Quigley (London Marathon, Oct 22) and her sister Rosie Quigley! (London Marathon Apr 23). Please see the below approved accounts for a breakdown of our income at the start and end of this financial year. We start the 2023/2024 financial period in a strong position - a great relief to the board, our beneficiaries and the staff we employ after such a tumultuous few years for small organisations. This is testament to the confidence people place on our service delivery and our impact. ## **Reserves Policy** The Trustees' policy is to maintain sufficient reserves to cover three months' committed expenditure. This is correct as per the Trustee meeting on 20th March 2023. This remains in place at the end of the financial year. Our thanks again goes to Castle View Accounting Ltd for their Independent Examination of these accounts and their support in doing so, and to our Treasurer Harika lridag. Specific thanks must go to our Bookkeeper Lisa Mulholland who has worked extensively this year on moving us from a cash accounting to accruals accounting basis as well as developing our budgets for 2023/4 and improving the organisation's financial reporting both monthly and quarterly. 5 STREET STORAGE Icharrtabb IrKY)fkKv*eLI 0iganisatK￿j TRUSTEES. REPORT (Continued) FOR THE YEAR ENDED 31ST JULY 2023 The Charitie5 Aci 2011 rwuire thE trustees to prepaTe slaternents for each financ￿1 year wh￿h give a true ar￿ f* vi¢w of the stato of affairs of the CIO and of the Sur1￿U$ of the CIO fly that perKxl. kn propariNJ those finan¢ial $tat*ment$ the trusiees are requlre(I to.. . S*￿tt suitabbè ar£￿At￿¥) and applythem ¢￿tsi*l￿nty Make judgements arKI estimotes Ihat are reastxvble and pr￿￿1 . Pr*par6 financkil stst6ments on Iho ¢iwrn b461s unw 1¢ * Inapprwr*to to prewme thal th& CIO ￿11 ¢ontinu6 in exist6nc&. Tha Iru8tee8 ar• reS￿￿ts1? lor k8wThJ propar ￿e￿n￿l¥￿ recr*ds, whK* ￿￿￿)8• wth r•a8onat4• 8￿r9¢Y at any tima th8 finarKI91 posith)n olth? CIO. They are also res￿1￿18 safeguar*Jing Ihe a880ts 01 the CIO arKI hence for tsklrva r8880nab $¢eps for the and dot¢¢th)n of fraud arMI otw irregtslarities. 2611112023 Apwov•d by th& Trurtee• ￿ ................................................................................................................................. S￿n*y on the* behalf by Trn8188 ........................................................................................................................... Prknt&Y Name.. Harika Iridag ## **STREET STORAGE** (Charitable Incorporated Organisation) ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST JULY 2023** |**Notes**
**INCOMING RESOURCES**
**Incoming Resources from Generated Funds**
Donations, Grants & Legacies
**3a**
Charitable Activities
**3b**
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
**Costs of Generating Funds**
Cost of Charitable Activities
**4a**
Governance Costs
**4b**
**TOTAL RESOURCES EXPENDED**
**NET INCOMING (OUTGOING) RESOURCES**
Funds Brought Forward
Transfer Between Funds
**5**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Designated
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**2022/23**
**2021/22**
£
£
£
£
£
128,857
-
106,815
235,672
155,806
1,615
-
-
1,615
276
**130,473**
**-**
**106,815**
**237,288**
**156,082**
62,775
57,488
77,241
197,504
165,654
12,206
-
-
12,206
14,995
**74,981**
**57,488**
**77,241**
**209,710**
**180,649**
**55,492**
**(57,488)**
**29,574**
**27,578**
**(24,567)**
48,499
57,488
21,483
127,470
152,037
(300)
-
300
-
-
**103,691**
**-**
**51,357**
**155,048**
**127,470**| |---|---| Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. The notes on pages 9 to 16 form part of these financial statements. 7 STREET STORAGE (Charrtable IrKxryTrted Organisationl BALANCE SHEET ASAT 31STJULY 2023 Ttstal 31￿￿￿23 T¢+tal 31.Jul.22 Pk4t• Futwys FuThY$ Flx•d Aswts Tangble Ass•ts In¥t5tmerns Total Flx•d A88•ts Curr•nt A¥¥•t• Dobt(￿S & pre￿ymon￿ Cash 8t B8nk and In Hand Total Curr•nt AM•t• 11.338 97.828 109.166 11.338 149.185 180.523 9.872 131.015 140.887 51.357 51.357 Cr•dltors: Amtyjnts IA11￿ du• withkn oTh• y•w 10 5,474 5.474 13,417 NET CURRENT ASSET8 10J.691 51,357 15s,C￿0 127.470 TOTALASSETS lou curroni l*bll 103.091 51.357 155.048 12T.4TO Cr•dltor•: AmwTrts f8lTrJ due in mcn than one yeor 11 NET ASSETS lo3.￿1 51.357 155.040 12T.470 FurKIB of th Charlty General Designated Funds Rostrict•d FuTrJs 103.691 103,691 48,499 57.488 21,483 51.357 51.357 Totd Funds 103,691 S1,3S7 1S5,048 127,470 2011112023 Apyoved by tho Trustees on ................... SwJn*J on the￿ bahaif byTrn8t•o ........................................................................................................................... Prntgj Name..Harik8 Ind ## **STREET STORAGE** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31ST JULY 2023** ## **1. ACCOUNTING POLICIES** ## **Basis of Preparation & Assessment of Going Concern** ## **Basis of Preparation** The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015) (Second Edition, effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011. The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes. ## **Assessment of Going Concern** Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern ## **Incoming Resources** ## _**Recognition of Incoming Resources**_ These are included in the Statement of Financial Activities (SOFA) when: ▪ the charity becomes entitled to the resources; ▪ the trustees are virtually certain they will receive the resources; and ▪ the monetary value can be measured with sufficient reliability ## _**Incoming Resources with Related Expenditure**_ Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA. ## _**Grants and Donations**_ Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources. ## _**Tax Reclaims on Donations and Gifts**_ Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. ## _**Contractual Income and Performance Related Grants**_ This is only included in the SOFA once the related goods or services has been delivered. ## _**Gifts in Kind**_ Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. ## _**Donated Services and Facilities**_ These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. ## _**Volunteer Help**_ The value of any voluntary help received is not included in the accounts. ## _**Investment Income**_ This is included in the accounts when receivable. ## _**Investment Gains and Losses**_ This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 9 ## **STREET STORAGE** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST JULY 2023** ## **1. ACCOUNTING POLICIES (continued)** ## **Expenditure and Liabilities** ## _**Liability Recognition**_ Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. ## _**Governance Costs**_ Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters. ## _**Grants with Performance Conditions**_ Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. ## _**Grants Payable without Performance Conditions**_ These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity. ## _**Investments**_ Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value. ## _**Pensions**_ Pension contributions are charged to the Statement of Financial Activities as they become payable. ## _**Unrestricted funds**_ These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities. ## _**Restricted funds**_ These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes. ## _**Designated funds**_ These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects. ## _**Fixed Assets**_ Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt. ## _**Depreciation Expense**_ Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows: Fixtures, Fittings and Equipment 25% - Reducing Balance Basis ## **2. TANGIBLE FIXED ASSETS** The CIO held no tangible fixed assets during this or the previous financial period. The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st July 2023 : None 31st July 2022 : None 10 ## **STREET STORAGE** (Charitable Incorporated Organisation) **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST JULY 2023** ## **3. INCOMING RESOURCES** |**Note**
**a) Donations, Grants & Legacies**
Gift Aid
Gifts & Donations
**5**
Grants Received
**5**
**b) Charitable Activities**
Activities & Events|Unrestricted
Designated
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**2022/23**
**2021/22**
£
£
£
£
£
993
-
-
993
2,095
25,374
-
1,215
26,589
18,015
102,490
-
105,600
208,090
135,696
**128,857**
**-**
**106,815**
**235,672**
**155,806**
1,615
-
-
1,615
276
**1,615**
**-**
**-**
**1,615**
**276**| |---|---| 11 ## **STREET STORAGE** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST JULY 2023** ## **4. RESOURCES EXPENDED** |**Note**
**a) Cost of Charitable Activities**
Activities & Events
Advertising & Publicity
Bank Charges
Cleaning Costs
Emergency Supplies Fund
**5**
Equipment Costs
Fundraising Costs
Health & Safety Costs
Insurance Costs
Office Costs
Rent & Rates
**5**
Service Administrator Costs
Staff Costs
**5 & 12**
Sundry Expenses
**5**
Telephone Costs
Training Costs
Travel & Subsistence
**5**
Utility Costs
**b) Governance Costs**
Independent Examiners Fees
**9**
Legal & Professional Fees|Unrestricted
Designated
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**2022/23**
**2021/22**
£
£
£
£
£
1,619
-
-
1,619
832
355
-
-
355
1,323
73
-
-
73
43
576
824
-
1,400
940
-
-
1,427
1,427
969
-
1,454
-
1,454
5,142
-
-
-
-
474
-
-
-
-
94
671
484
-
1,155
516
1,796
473
-
2,269
1,486
-
-
36,501
36,501
41,666
600
-
-
600
1,100
52,991
52,881
34,526
140,398
103,806
-
-
620
620
463
468
-
-
468
335
93
522
-
615
677
2,385
850
4,167
7,402
5,030
1,150
-
-
1,150
758
**62,775**
**57,488**
**77,241**
**197,504**
**165,654**
1,000
-
-
1,000
900
11,206
-
-
11,206
14,095
**12,206**
**-**
**-**
**12,206**
**14,995**| |---|---| 12 ## **STREET STORAGE** (Charitable Incorporated Organisation) **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST JULY 2023** ## **5. RESTRICTED FUNDS** ## **CURRENT FINANCIAL YEAR** |Speedo Fund
Rent Fund
Magic Little Fund
Arnold Clarke Fund
Lady Neville Fund
London Catalyst Fund
LB Camden Fund
Tudor Trust
Streets of London
Beatrice Laing Trust
Haberdashers
Weavers Fund
Cripplegate Fund
Southall Black Sisters|**Balance**
**Balance**
**01-Aug-22**
Income
Expenditure
Transfers
**31-Jul-23**
£
£
£
£
£
1,102
-
-
-
1,102
16,350
40,000
36,501
-
19,849
-
500
500
-
-
574
-
574
-
-
1,116
-
1,116
-
-
1,031
5,500
4,927
-
1,604
1,310
-
1,310
-
-
-
27,000
25,698
-
1,302
-
15,000
-
-
15,000
-
5,000
-
-
5,000
-
3,600
3,600
-
-
-
1,500
1,500
-
-
-
7,500
-
-
7,500
-
1,215
1,515
300
-
**21,483**
**106,815**
**77,241**
**300**
**51,357**| |---|---| ## **PREVIOUS FINANCIAL YEAR** |Speedo Fund
Rent Fund
Staff Programme Fund
Staff Wellbeing Fund
Staffing Fund - Tudor Trust
Systems Fund
STCA Fund
Hackney Giving
National Lottery Fund
Magic Little Fund
Arnold Clarke Fund
Lady Neville Fund
St Andrew's Holborn
London Catalyst Fund
LB Camden Fund|**Balance**
**Balance**
**01-Aug-21**
Income
Expenditure
Transfers
**31-Jul-22**
£
£
£
£
£
2,804
-
1,702
-
1,102
18,016
40,000
41,666
-
16,350
19,620
-
19,620
-
-
947
-
758
(189)
-
14,443
25,000
39,443
-
-
715
-
715
-
-
-
2,182
2,182
-
-
-
5,000
5,000
-
-
-
9,000
9,000
-
-
-
500
500
-
-
-
1,000
426
-
574
-
1,500
384
-
1,116
-
3,000
3,000
-
-
-
2,000
969
-
1,031
1,500
190
-
1,310
**56,545**
**90,682**
**125,555**
**(189)**
**21,483**| |---|---| Restricted funds are wholly represented by the Charity's cash reserves and are to be expended as specified above. 13 ## **STREET STORAGE** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST JULY 2023** ## **6. DESIGNATED FUNDS** ## **CURRENT FINANCIAL YEAR** |Morffyd Evans Fund
Lloyds of London Fund
Erik Aspen Fund
Bates Foundation
AE Fund
Cinnamon Network
M. Smith Fund
Cinnamon Network Fund
Leather Sellers Fund|**Balance**
**Balance**
**01-Aug-22**
Income
Expenditure
Transfers
**31-Jul-23**
£
£
£
£
£
23,233
-
23,233
-
-
-
-
-
-
-
1,928
-
1,928
-
-
11,227
-
11,227
-
-
10,000
-
10,000
-
-
824
-
824
-
-
484
-
484
-
-
7,292
-
7,292
-
-
2,500
-
2,500
-
-
**57,488**
**-**
**57,488**
**-**
**-**| |---|---| ## **PREVIOUS FINANCIAL YEAR** |Morffyd Evans Fund
Lloyds of London Fund
Erik Aspen Fund
Bates Foundation
AE Fund
Cinnamon Network
M. Smith Fund
Cinnamon Network Fund
Leather Sellers Fund|**Balance**
**Balance**
**01-Aug-21**
Income
Expenditure
Transfers
**31-Jul-22**
£
£
£
£
£
-
-
29,831
53,064
23,233
-
7,500
7,500
-
-
-
2,400
472
-
1,928
-
12,000
773
-
11,227
-
10,000
-
-
10,000
-
2,322
1,498
-
824
-
1,000
516
-
484
-
7,292
-
-
7,292
-
2,500
-
-
2,500
**-**
**45,014**
**40,590**
**53,064**
**57,488**| |---|---| Designated funds are wholly represented by the Charity's cash reserves and are to be expended as detailed above. 14 ## **STREET STORAGE** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST JULY 2023** ## **7. INVESTMENTS** The CIO held no fixed asset investments during this or the previous financial period. ## **8. CASH AT BANK AND IN HAND** |Cash at Bank & in Hand|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Jul-23**
**31-Jul-22**
£
£
**£**
**£**
97,828
51,357
149,185
131,015
**97,828**
**51,357**
**149,185**
**131,015**| |---|---| ## **9. DEBTORS AND PREPAYMENTS** |Sundry Debtors
Prepayments|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Jul-23**
**31-Jul-22**
£
£
**£**
**£**
3,466
-
3,466
2,022
7,872
-
7,872
7,850
**11,338**
**-**
**11,338**
**9,872**| |---|---| ## **10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Sundry Creditors
Independent Examiners Fees|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Jul-23**
**31-Jul-22**
£
£
**£**
**£**
4,474
-
4,474
12,517
1,000
-
1,000
900
**5,474**
**-**
**5,474**
**13,417**| |---|---| ## **11. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR** The CIO held no long term liabilities during this or the previous financial period. ## **12. NET ASSETS BETWEEN FUNDS** |Fixed Asset Investments
Net Current Assets
Long Term Liabilities|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**31-Jul-23**
**31-Jul-22**
£
£
£
£
-
-
-
-
103,691
51,357
155,048
127,470
-
-
-
-
**103,691**
**51,357**
**155,048**
**127,470**| |---|---| 15 ## **STREET STORAGE** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST JULY 2023** ## **13. STAFF COSTS AND NUMBERS** |**TOTAL**
**2022/23**
£
Gross Wages, Salaries & Fees
126,819
Employer's National Insurance Costs
10,792
Pension Contributions
2,787
**140,398**
Employees who were engaged in each of the following activities:
**TOTAL**
**2022/23**
Charitable Activities
5|**TOTAL**
**2021/22**
£
92,197
9,681
1,928
**103,806**
**TOTAL**
**2021/22**
4| |---|---| The Charity operate a PAYE Scheme to pay all employed members of staff and the Charity also employs members of staff on a Self-Employed basis and is not liable for their Income Tax and National Insurance payments. No members of staff received emoluments of over £60,000 (2021/22:None). ## **14. TRUSTEES AND OTHER RELATED PARTIES** No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them. ## **15. RISK ASSESSMENT** The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks. ## **16. RESERVES POLICY** The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily. ## **17. PUBLIC BENEFIT** The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake 16 STREEf STORAGE (Charitable Incorporaled organ￿t￿nI INDEPENDENT EXAMINER'S REPORT ON Tme AGGouKf6 ROPJrt to th8 truste￿ members ol Street strAtye on the xcounts for the year ended 31st Juty 2023 Set out on pa985 7 to 16. f•YA)n•ibilitio• of trn*t•￿ •rd •x¥mln•r The charitys trustees are ￿$[¥￿)11b￿ the preparation of the acts￿n￿. The charty's trustees consider that an audit is not T•quired for thiè Ye￿ U1)d￿ ￿EbT￿l 144 uf GlvdiiD¥¥ *L"1201 I Ilhe Charfd85 aTr# thai an Inder￿￿ent examinaiioTr Is needed. It Is my reeponsltiity to.. examine tho xcounts under ¥￿tK)n 145 ol the Chèrftks to follow th8 Drocedurns laKI in th8 [*reLt￿lS by thè CommlJ8lon (under 8acti 14515llbl ol the Charitigs and to $tst$ partiryjlar matters hav& comè to my aitenlH>n 8411• ol Ind•p•nd•nt •xamln•es •t•t•m•ni My examination wa¥ corned ¢xrt in accordance ynsral Dir￿11￿& gNen by th8 Charity Commission. An examinatio Indudes a re￿&W of aKounliThJ reccffds kept by th8 tharity and a comparison ol the acco¢Jnts presenled with those r•eord$. It alw includes conslderation ol Any unu$uBI items or di8closures wi tho 8eccMJnts, and 38eking explanations from the tru*¢¢S ¢oncerning any swh mattws. Th$ wttedures und8rtaken do not provth all tho ovldonce that woukl be requlred In an audtt. and rxJn$8niJonlty IA oivpn a4 tn ¥j￿*hAT lh• aeewrtts prw•nl a %ru• and hir. vl•w and th• r•port 1$ Ilmlted to tho8• mott8rs a•t the 3tstement t•kNt. Ind•pond•nt •xamln•rf• •t•t•m•nt In connect￿n my wrninalkjn, no matter has com• io my attent￿)n.. whlch 9Ive8 me ie8eonabk* eausts to t•liev8 that in, any mat¢rlJl respect, t￿% r*quiremonls'. to acetyJniing recordg in 8cLordarre 130 01 the Charities Act". and to prepare accounts 4¢cord aCc￿nIsn9 ￿Ly￿S and 8¢¢ounting roqulrornen of the ChartUe8 Act hove not been MSL or io wh￿Th. In my attenikjn drawn in ordèr proper understandlrvJ of the accounts to be reached. K. Collaku MAAT Castle View Accounting Ltd New Barn Mudberry La Bojham Chichester West Sussex P018 8TS Date: 6th tjecernber 2023