ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2025
STREET STORAGE
(Charitable Incorporated Organisation)
CHARITY REGISTRATION No: 1184447
Castle View Accounting Ltd Ground Floor Offices
53 High Street Arundel West Sussex BN18 9AJ
STREET STORAGE
(Charitable Incorporated Organisation)
CONTENTS
| Page 3 | Legal and Administrative Information |
|---|---|
| Pages 4 to 8 | Trustees' Report |
| Page 9 | Statement of Financial Activities |
| Page 10 | Balance Sheet |
| Pages 11 to 18 | Notes to the Financial Statements |
| Page 19 | Independent Examiner's Report |
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STREET STORAGE
(Charitable Incorporated Organisation)
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER
CHARITY NUMBER 1184447 DATE OF REGISTRATION 16th July 2019 START OF FINANCIAL YEAR 1st August 2024 END OF FINANCIAL YEAR 31st July 2025 TRUSTEES AT 31ST JULY 2025 R. Chadha H. Iridag L. Quigley T. DeFraine S. Eaton F. Sami K. Mistry R. Johnson (Appointed 12th December 2024) LEGAL STATUS Charitable Incorporated Organisation
GOVERNING INSTRUMENT
CIO - Foundation Registered 16th July 2019 as amended 3rd February 2020.
OBJECTS
The prevention or relief of poverty for the public benefit among people experiencing homelessness in the UK by providing free, accessible and secure storage units for their personal belongings to be stored in.
CORRESPONDENCE ADDRESS
PRIMARY BANKERS
INDEPENDENT EXAMINERS
200 York Way London N7 9AX HSBC Bank Plc. 31 Holborn London EC1N 2HR Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ
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STREET STORAGE
(Charitable Incorporated Organisation)
TRUSTEES' REPORT FOR THE YEAR ENDED 31ST JULY 2025
The Trustees present their report together with the Accounts for the year ended 31st July 2025.
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 on 16th July 2019 (Registered Number 1184447).
The Trustees who have served during the Charity’s second official registered year are as follows: Rita Chadha (Chair, Acting Secretary) Harika Iridag (Treasurer) Lauren Quigley (Secretary) Thomas DeFraine Sharon Eaton Faizaan Sami Rachel Johnson Kiran Mistry
Trustee Changes
Our Secretary Lauren Quigley remained on maternity leave for part of this financial year and a new Trustee came on board - Rachel Johnson - on the 12th December 2024. Rachel will support us with our strategy around replication and growth across the UK.
Objects
The Objects of the Charity are (as defined by the Charity Commission): The prevention or relief of poverty. This object continues to be achieved through our service that provides people experiencing homelessness with access to free and safe storage for their belongings. We remain the only charity providing this service in the UK. The Charity also provides an in-depth one to one advocacy, advice, information and signposting service, a storage transport service, emergency (small scale) financial assistance to individuals for items such as SIM cards and sleeping bags and takes part in active campaigns and legislative changes for people sleeping in vulnerable situations. The charity works alongside many local and national partner organisations, outreach teams and emergency response units to encourage multi-agency co-operation and to have a greater impact for the people it serves.
Review of Activities
Within this period, Trustees met on the following dates:
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9th September 2024
-
12th December 2024
-
5th March 2025
Please note that the Trustee Board then met as subgroups between March and the next formal meeting on 5th Aug 2025 which lies out of the FY period.
Our Service in 2024/2025
August 2024-July 2025 was our sixth year of operation.
Stats :
-
In this Financial Period, we had 763 total referrals. This is a 20% increase from the 23-24 financial period.
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317 of those people stated street homelessness as their reason for referral,90 stated eviction and 56 stated they were
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street homeless due to eviction.
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Out of those referred, 255 began storing with us (33.42%).
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Out of those stored during this period, 120 continue to store with us.
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135 of these people storing have now collected their belongings, with 32% being housed.
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On average, individuals leave their belongings for 77 days.
Please see our Annual Report for further statistics and the more human details around outcomes, stories and impact.
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STREET STORAGE
(Charitable Incorporated Organisation)
TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST JULY 2025
Advocacy Work: Caroline Allouf, our Storage and Outreach Manager, continued our in depth, one to one advocacy work - supporting people using Street Storage with everything from hospital admissions to passport applications and signposting to other organisations when necessary. In this period, Caroline significantly developed Street Storage’s partnership work with many varied organisations (from local and national, statutory and voluntary) - working around issues such as employment, housing, mental health and wellbeing for the benefit of people who came to Street Storage in need of wider support. We thank her for her dedication and for seeing people as human beings, and not as the statistics represented above. Please see our Annual Report for further statistics (including housing/employment outcomes) but more importantly to read about the human side of what we do - people’s struggles and their stories as well as what Street Storage meant to them.
Staff/Volunteers: Alongside our new Trustee, Rachel Johnson, and our Secretary Lauren Quigley returning from maternity leave, this financial period saw a lot of staffing change which posed a challenge in terms of consistency for people using the service and settling as a team. Daniellla Delmonte, our Storage Support Worker, left in December 2024 but came back to volunteer at the last minute in 2025, which was really appreciated - and hosted a bake sale for us too (see below). Tamara joined us in January 2025 as our new Storage Support Worker (later titled Referrals and Storage Coordinator to better reflect the role) and spent the remainder of the financial period learning the ropes, getting to know the people using the service and the sector more broadly as well as learning to manage our daily storage drop in. Amanda Weiss returned from maternity leave as our UK Replication Manager in April 2025 and left in June 2025, after creating and developing our Network Membership Model for Replication. Rachel Woolf will now be taking this programme across the UK in 2025/6. Our Storage and Outreach Manager Caroline Allouf left in June 2025 after years of service to Street Storage - supporting hundreds of people on a one to one basis, often in life changing or life saving situations, as well as managing the daily drop in, front line team and volunteers throughout her time with us. Rather wonderfully, our previous Apprentice Cameron Dos-Santos came back to volunteer with us regularly for two days a week - it’s been lovely to have him back as part of the team alongside Geordie Fletcher who dedicated three days a week, every week. Both have proved invaluable to the daily running of the service. Other notable mentors and volunteers in this period included Gemma Zabbar, Ralph Dunham, Charlotte King, Gary Lane and Guy Davis. We’d also like to thank Paul Nulty, Tracie Tomlins, Corina Susanu, Temi Awoyemi, Mary Masango and Sam Egbule - the team from Central Recruitment who stepped in to support us while short staffed during the summer of 2025. In this financial period, staff undertook multiple relevant and essential trainings including: Safeguarding, Manual Handling, First Aid, Mental Health First Aid, Conflict Management, EDI, Sexual Harassment and Suicide Prevention.
Moving into 2025/6, the Board must review staff retention strategies and ensure the new or changed roles have robust training and the appropriate support systems in place. Towards the end of the financial period we decided to focus more on individual staff wellbeing and team culture moving forwards. We have added team meetings, activity days and weekly catch ups to the week to week agenda, and into the next Financial Year 2025/6 we are embarking on 10 sessions of Clinically supervised Reflective Practice as a team, fortnightly team ‘social moments’ to breathe and come together to have some light creative or fun time together away from the difficulties of the roles - as well as more frequent larger social events involving volunteers and Trustees. We may look to create an Internal Wellbeing Strategy from this work.
Operational Developments: At the end of the financial period in London, we were storing for 320 people (approximately 1,200 individual items) and had a nearly full locker capacity of lockers currently in use: 88% at the end of the period. We spent the majority of this financial period settling into our new space and making it feel like home. The storage facilities are far superior to our previous premises in terms of safety and space as well as general amenities and we have a working office for our growing staff team as well as a meeting room for advocacy work and staff meetings. We decorated the bland walls of the two chill spaces with artwork from people using the service and slowly built a space that feels welcoming and calming - we now have plants and bean bags, a proper coffee machine and a bookcase of donated books and clothing for people. Our Kings Cross site has now become a peaceful oasis (for the most part) away from the streets for people to come and take a moment, go through their storage, charge their phone, have a hot drink and access one to one support. The Summer of 2025 we were significantly short staffed and was therefore spent mostly covering the daily drop in and ensuring the service went unchanged for people needing to access their storage. The team were incredibly dedicated in covering each other's roles during this time. In this period, we also reviewed the premises and practical service delivery of our replicated units in Cheltenham and Cambridge to ensure they too were fit for purpose. We conducted a full Access Audit (with recommendations and actions) of the new space in September 2024 - with thanks to both the City Bridge Trust and Dee Tunc our Auditor for this opportunity, and renewed our fire procedures, safety and lone working procedures, exclusion procedures as well as our kitchen, office and unit risk assessments. We also embarked on a full GDPR review for how we handle data internally and externally. For the coming Financial Year 2025/26, Street Storage must ensure this GDPR review is completed as soon as possible. The Board will expect to receive a clear report on its compliance status and any necessary actions required to mitigate data breach risk.
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STREET STORAGE
(Charitable Incorporated Organisation)
TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST JULY 2025
Marketing and Comms: This period was about beginning a new, more data-driven approach/evaluative approach to testing creative ideas and monitoring results to understand what truly works for us as an organisation - and how using data collection and analysis can impact our marketing, reporting, monitoring and evaluation strategies. We explored the potential of new marketing and communication possibilities through various trials, including The Big Give campaign and the new video and social content we created specifically for this (see below), newsletter adjustments and a variety of new and scheduled, targeted social media content. Led by Lilian Longhurst through her new, more Marketing-focused job role, we began to scope out areas needing improvement, such as the need to implement a system of sensitivity obtaining quality feedback from people using the service (e.g. we ‘planted’ a ‘feedback tree’ where people could add luggage tags to branches on the corridor with quotations about the service).Ultimately, this work laid the foundation for our current plans to strengthen and radically transform Street Storage's marketing. The year ended with us identifying the goal of having a robust Marketing Strategy in place for the next two financial years, one that would evolve Street Storage into a new era by dovetailing our new mutli-year Fundraising Strategy. To put us in a solid position to achieve this goal, we also brought on board a new volunteer Marketing Consultant: George Lilley-Moncrieff to work alongside Lilian in this ambitious plan. Exciting things to come.
Events: This year saw us take part in two team socials - the summer day consisting of an outdoor cinema show and a very competitive game of boules and the winter day taking us to Cadogan Hall for our usual Choir With No Name Christmas Concert. We continued to build our relationship with a number of Livery Companies across the City through funder meetings and speaking events. Rachel Woolf attended the annual Homelessness Commemoration Service (Nov 24) and the Cinnamon Network Leaders Retreat (Jan 25). She and volunteer Gary Lane hosted a stall at the Kentish Town Community Fair and she and Simon Webb hosted another at the Aspen Insurance Charity Fair, meeting donors, volunteers and encouraging employees to get involved.
Partnerships: Continuous notable partners in this financial period included Aspen Insurance, The Cinnamon Network, CMSCMNO, Big Yellow Self Storage Kings Cross, CCP, It Takes a City and The Haberdashers Company. New partners brought on board included Cavendish Ware, Gramos Coffee, Redemption Roasters and the Hertfordshire WI - where our Founder was invited to speak at a total of seven events throughout the period.
Local champions of both these areas for committing to provide safe storage for those experiencing homelessness in their local communities, particularly Gareth Edwards, Lis Silver, Rory Ambler and Matt Nelson.
Replication: Cheltenham officially opened their doors to the homelessness community at the start of this financial period - in August 2024 (in partnership with CCP) and Cambridge followed suit in March (in partnership with It Takes a City). Credit must go to the staff, volunteers and local champions of both these areas for committing to provide safe storage for those experiencing homelessness in their local communities. With referrals initially slow for both projects, partners worked together with the team here to encourage take-up and both projects are now seeing more and more people come forward in need of support. Thanks must go to our UK Replication Manager Amanda Weiss (and Rachel Woolf, Guy Davis and CMS-CMNO) for their continued work on the legal, practical documentation and commercial model behind this growth, and to Caroline Allouf for stepping in to compile and deliver a thorough and engaging training to the staff and volunteers in Cambridge whilst Amanda was on maternity leave. In September/October 2025, we hope to sign off a new Street Storage service in Bradford (in partnership with Inn Churches) and will look to develop a central model for cities like Manchester and Brighton alongside our existing Network Membership (consultation) model. Please continue to follow our progress across the country into the new financial year.
Please see the Street Storage 2024/5 Annual Report for further details on our beneficiaries, our team, our fundraising, our supporters, our volunteer activities, our service impact and future growth plans.
Funding and Financial Affairs
In this Financial Period we went from a very challenging August-December in terms of raising funds (caused by a variety of ‘perfect storm’ factors) to an incredibly successful January-April, so it was a bit of a whirlwind - as small charity can be at times! Street Storage is therefore extremely grateful to Simon Webb and Rachel Woolf for their sterling fundraising efforts in 2024/5, and for the support of the following grant makers, trusts and corporate funders without whom we of course would not exist: The Albert Hunt Trust, Aspen Insurance, BPL Global, The Caledonian Ward Community Infrastructure Levy Fund, The Camilla Mountain Charitable Trust, City Bridge Trust, The Dulverton Trust (restricted grant only), The Fore Foundation, The Frontline Network, The Garfield Weston Foundation, The Arsenal Foundation, The Haberdashers’ Company, The Hobson Charity, Groundswell/HS2 Foundation, Islington Council Borough of Sanctuary, Islington Giving (Mind the Gap), The Linbury Trust, London Catalyst, Manor 2056 Trust, Midvision, The Newby Trust, The Poyser Fund, St Giles & St George Alms Charity, Streets of London, StreetSmart, The Worshipful Company of Gold and Silver Wyre Drawers, The Worshipful Company of Needlemakers and The Worshipful Company of Tobacco Pipe Makers and Tobacco Blenders.
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STREET STORAGE
(Charitable Incorporated Organisation)
TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST JULY 2025
Notable individual donors in the financial period include Erik Armellino and Martin Smith. Special thanks to Fiona Alty who donated in memory of her late father, Harry Alty. We would also like to thank all our anonymous donors and our known individual and regular givers for supporting us so consistently throughout the year. We especially want to acknowledge those people we know who are currently using - or have left - the service who have donated as a thank you.
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 - often for items some of us may take for granted. A few specific examples include: course materials and a laptop bag for someone who re-engaged with education and is currently on an accountancy course, emergency period products for a woman sleeping in a refuge, a food voucher that allowed someone to treat their child after a long period of absence, and a set of new guitar strings that allowed someone using the service to reignite his love of music! It has been lifesaving for some people and we have felt truly grateful for this ongoing relationship of encouragement and mutual respect. We attended the London Catalyst AGM during the period and met their new Director - who then came to visit Street Storage to learn more about who we are and what we do.
In 2025, we became the United Reformed Church’s Charity of the Year! We would like to thank Helen Bird and Mary Steele for their advocacy and support during the voting period (!) and all those employed at Church Street for their fundraising efforts over the period (see below). Our thanks must also go to the St. Albans URC specifically for their continued congregational support of our work.
This year was the first year we took part in The Big Give Christmas Appeal championed by ShareGift. We raised nearly £11,000 from personal, corporate and matched donations! Community Fundraising shout-outs must go to the following groups: Eastside Community Heritage, a unique basketball fundraiser run by Comms for Good Ltd and the David Cassidy Great Britain Legacy Group.
Huge thanks must go to the following superstars who fundraised for us throughout the year in a variety of creative and challenging ways: our old colleague Daniella Delmonte for her cake sale, Amy, Alice, Joe and Lara from the SLAM Team who completed Tough Mudder, Helen Bird, who walked with heavy baggage on all public transport journeys, Susanna Jarman and Ben Till who completed the Three Peaks, Kiran Mistry (our Trustee) who completed the Berlin Marathon, Ben Thompson who - through injury - managed the London Landmarks Half Marathon and our very own team members Gary Lane, Lilian Longhurst and Simon Webb who literally walked across hot coals in a Fire Walk!
Please see our approved accounts below for a breakdown of our income at the start and end of this financial year. We start the 2025/2026 financial period in a strong position, having secured 60% of our budget for 25/6 and 7% of our budget for 26/7, which is a positive swing in terms of cashflow from last year. We are looking to increase the number of multi-year grants we receive and diversify our pool of individual donors and regular givers to further sustain our organisation moving forward. Simon Webb has created a multi-year Fundraising Strategy to be approved by the Board in the new financial year reflecting the above goals and we thank him for his continued work on this.
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 3rd June 2024 and was continued on as policy throughout the Financial Period. 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 Iridag. Specific thanks must go to our Bookkeeper Lisa Mulholland who has worked extensively this year on our budget, keeping abreast of our changing expenditure requirements, bettering our financial reporting and improving the use of our accounting software - as well as being a consistent personal support to our Founder.
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STREET STORAGE (Charilable IrwtK)rated organ0) TRUSTEES, REPORT Icontlnuedl FOR THE YEAR ENDED 31ST JULY 2025 'R8s The Trustees are responsib for preparing RekK)rt of the Tru5tee5 ar¥J the final181 staternents in accordance with aprlicable L9w and the United Kirydom Ac(xxJntiTrJ StsThYards Iunrted ngdoM G8n8ralty Acc8Pted AcccAJnting PracCe GAAPI. The Law applic8ble to charit in EnglaThJ aTh1 Waks. the Charits Act 2011. Charty IAcc(yJnts and Rerortsl Regulation8 and th& provlsions of Ihe Gov8miro DUment requires TSteeS to ppare atem8nts for each financial year whl¢h give a true arKJ fair view of stste of affai of Ihe tharity and of incomirwj 5r(e5 ar applicat of resiyJrces. inckjding th8 lrtom8 and experKJthJre of the charty th81 rm1. In prepanrvJ those fina181 ststement8, the Trustees ar& oulred to.. Sekn suitaNe accujntiro pol$ and then apth them consislenty., obSee the meth(xls and princips in tIE Charity SORP." Make judgements and estirn8te5 that are rea50Thable and pruthrt Prepare the finala1 stst8Wnts on gThJ corKem basis unkpss it 15 inapprowth to presume that the CIO will Continue to opere. The Trustees a ffj$rx)n$lbb lor keepiThJ proper recuds %hkh dlxk)se wtth reasonable ¢Ur8¢Y at any tlme the financlal posit of the charty and to enatjle them to enwre that the financial statements compty wrth the Charlties Act 2011. the Charity (Accounts and Reports) ReguL8tKJns and provisions of the GoverniThJ (knUffnt TY are a180 reswnsible for $afeouardlng ihe a$8ei$ of It ¢harty arKJ t*nce for tskiThJ reawnabb steps for prevention d&tectK)n of fraud a1 other irreguL8r8& lthh Oecember 2D25 Approve¢ by the Trustees ................................................................................................................................. Slgned on thelr behaWtyTrustee. Prlnted Name.. Thomas Edward DeFraine
STREET STORAGE
(Charitable Incorporated Organisation)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST JULY 2025
| Unrestricted | Designated | Restricted | TOTAL | TOTAL | ||
|---|---|---|---|---|---|---|
| Notes | Funds | Funds | Funds | 2024/25 | 2023/24 | |
| £ | £ | £ | £ | £ | ||
| INCOMING RESOURCES | ||||||
| Incoming Resources from Generated Funds | ||||||
| Donations, Grants & Legacies | 3a | 151,750 | - | 193,856 | 345,606 | 244,645 |
| Charitable Activities | 3b | 6,566 | - | - | 6,566 | 2,029 |
| Investment Income | 3c | 1,269 | - | - | 1,269 | 724 |
| TOTAL INCOMING RESOURCES | 159,585 | - | 193,856 | 353,441 | 247,398 | |
| RESOURCES EXPENDED | ||||||
| Costs of Generating Funds | ||||||
| Cost of Charitable Activities | 4a | 158,692 | - | 165,304 | 323,995 | 303,412 |
| Governance Costs | 4b | 18,557 | - | 149 | 18,706 | 16,476 |
| TOTAL RESOURCES EXPENDED | 177,249 | - | 165,453 | 342,702 | 319,888 | |
| NET INCOMING (OUTGOING) RESOURCES | (17,664) | - | 28,403 | 10,740 | (72,490) | |
| Funds Brought Forward | 45,093 | - | 37,465 | 82,558 | 155,048 | |
| Transfer Between Funds | 5 | (500) | - | 500 | - | - |
| TOTAL FUNDS CARRIED FORWARD | 26,929 | - | 66,368 | 93,298 | 82,558 |
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 10 to 17 form part of these financial statements.
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STREET STORAGE (Charilable Irwtx)rated Organi5ationl BALANCESHEET ASAT 31STJULY2025 Unrestric1 Furnts TOTAL 311.25 TOTAL 31.Jul.24 FurhJ$ FIx6d Assets Tangib Assets Investment8 Total Flx•d Amots Curr•fitAsw¢ Debtors & Prepayment5 C8sh al Bank and in Hand Total Curr•nt Asmts 6,567 40,140 46,707 6.567 106.508 113.076 5.213 87,740 92,953 66.368 66,368 Cr8dltorn.' Amounts fallir#J due within o year 10 19,n8 19,778 10,39S NET ¢VRRENT ASSETS 66,368 93,298 82,558 TOTAL ASSETS le ¢urront Ik8bilth$ 26.929 66.368 93,298 82.558 Cr•dlttsrn.' Amounts falllrKJ ¢Jue in mrt Ihan 0 year 11 NET ASSETS 26.929 66,368 93,298 82,558 Fund of th• Chirlty General Funds De$lonated Funds RestrKled Fund$ 26,929 45,093 66.368 66.3 37.465 Total Funds 26,929 66.388 93.298 82,558 Approved bythe TnJstees on. 10th DttgmbBr 2025 SignBd their tha by Tru5tee.......... Printed Name.. Thomas Edward DeFraine 10
STREET STORAGE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2025
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 1st 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.
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STREET STORAGE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST JULY 2025
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 year.
The annual commitments under non-cancelling operating leases and capital commitments are as follows:
31st July 2025 : None
31st July 2024 : None
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STREET STORAGE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST JULY 2025
3. INCOMING RESOURCES
| Note a) Donations, Grants & Legacies Gift Aid Gifts & Donations 5 b) Charitable Activities Activities & Events c) Investment Income Interest |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2024/25 2023/24 £ £ £ £ £ 3,268 - - 3,268 1,159 148,482 - 193,856 342,338 243,486 151,750 - 193,856 345,606 244,645 6,566 - - 6,566 2,029 6,566 - - 6,566 2,029 1,269 - - 1,269 724 1,269 - - 1,269 724 |
|---|---|
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STREET STORAGE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST JULY 2025
4. RESOURCES EXPENDED
| Note a) Cost of Charitable Activities Activities & Events 5 Advertising & Publicity 5 Bank Charges Cleaning Costs Emergency Supplies Fund 5 Equipment Costs 5 Health & Safety Costs 5 Insurance Costs 5 Office Costs 5 Rent & Rates 5 Repairs & Maintenance Staff Costs 5 & 12 Sundry Expenses 5 Telephone Costs 5 Training Costs 5 Travel & Subsistence 5 Utility Costs b) Governance Costs Independent Examiners Fees 9 Legal & Professional Fees 5 |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2024/25 2023/24 £ £ £ £ £ 405 - 58 462 598 673 - 32 705 382 355 - - 355 69 - - - - 1,615 - - 1,353 1,353 3,047 - - 5,085 5,085 7,711 224 - 1,197 1,420 1,011 1,182 - 664 1,846 1,179 1,079 - 1,450 2,529 3,446 26,328 - 47,752 74,079 71,097 - - - - 1,417 121,971 - 104,068 226,039 194,548 465 - 144 609 1,755 454 - - 454 568 1,499 - 600 2,099 1,100 3,661 - 2,902 6,563 13,864 397 - - 397 5 158,692 - 165,304 323,995 303,412 1,380 - - 1,380 1,200 17,177 - 149 17,326 15,276 18,557 - 149 18,706 16,476 |
|---|---|
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STREET STORAGE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST JULY 2025
5. RESTRICTED FUNDS
CURRENT FINANCIAL YEAR
| Aspen Insurance Fund Bentleys ALC City Bridge Foundation Clothworkers Cripplegate Fund Curriers Dulverton Trust Emergency Supply funding Grove End Haberdashers Hobson Charity HS2 It takes a City Linbury Trust London Borough of Islington (BOS) London Catalyst Fund Martin Smith St Martin in Field Streets of London The Fore Tudor Trust Worshipful (WCEC) |
Balance Balance 01-Aug-24 Income Expenditure Transfers 31-Jul-25 £ £ £ £ £ 3,752 40,000 43,752 - - 340 - 340 - - - 1,250 1,250 - - 27,958 - 8,221 - 19,737 4,200 7,500 11,700 - - - - 500 500 - - 32,500 20,957 - 11,543 - 1,500 257 - 1,243 - 20,000 20,000 - - - 1,080 - - 1,080 - 4,750 1,208 - 3,542 - 28,088 28,088 - - - 4,000 4,000 - - - 8,000 8,000 - - - 13,887 - - 13,887 596 - 596 - - - 1,000 664 - 336 - 300 300 - - - 15,000 15,000 - - - 15,000 - - 15,000 144 - 144 - - 475 - 475 - - 37,465 193,855 165,453 500 66,368 |
|---|---|
15
STREET STORAGE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST JULY 2025
PREVIOUS FINANCIAL YEAR
| Aspen Insurance Fund Beatrice Laing Trust Bentleys ALC Clothworkers Cripplegate Fund Drapers' Charitable Hospital Saturday Fund London Catalyst Fund Southall Black Sisters SpeedoMick Fund St Martin in Field Streets of London Tudor Trust Vicar's Relief Grant Worshipful (GSWD) Worshipful (WCEC) |
Balance Balance 01-Aug-23 Income Expenditure Transfers 31-Jul-24 £ £ £ £ £ 19,849 40,000 56,097 - 3,752 5,000 - 5,000 - - - 500 160 - 340 - 39,500 11,542 - 27,958 7,500 15,000 18,300 - 4,200 - 10,000 10,000 - - - 850 850 - - 1,604 1,000 2,008 - 596 - - 1,360 1,360 - 1,102 - 1,102 - - - 227 227 - - 15,000 - 15,000 - - 1,302 - 1,158 - 144 - 1,500 1,500 - - - 1,000 1,000 - - - 1,500 1,025 - 475 51,357 111,077 126,329 1,360 37,465 |
|---|---|
Restricted funds are wholly represented by the Charity's cash reserves and are to be expended as specified above.
6. DESIGNATED FUNDS
The CIO held no designated fund during this or the previous financial year.
16
STREET STORAGE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST JULY 2025
7. INVESTMENTS
The CIO held no fixed asset investments during this or the previous financial year.
8. CASH AT BANK AND IN HAND
| Cash at Bank & in Hand | Unrestricted Restricted TOTAL TOTAL Fund Fund 31-Jul-25 31-Jul-24 £ £ £ £ 40,140 66,368 106,508 87,740 40,140 66,368 106,508 87,740 |
|---|---|
9. DEBTORS AND PREPAYMENTS
| Prepayments Sundry Debtors |
Unrestricted Restricted TOTAL TOTAL Fund Fund 31-Jul-25 31-Jul-24 £ £ £ £ 1,268 - 1,268 1,103 5,299 - 5,299 4,110 6,567 - 6,567 5,213 |
|---|---|
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Independent Examiners Fees Sundry Creditors |
Unrestricted Restricted TOTAL TOTAL Fund Fund 31-Jul-25 31-Jul-24 £ £ £ £ 1,380 - 1,380 1,200 18,398 - 18,398 9,195 19,778 - 19,778 10,395 |
|---|---|
11. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The CIO held no long term liabilities during this or the previous financial year.
12. NET ASSETS BETWEEN FUNDS
| Fixed Asset Investments Net Current Assets Long Term Liabilities |
Unrestricted Restricted TOTAL TOTAL Funds Funds 31-Jul-25 31-Jul-24 £ £ £ £ - - - - 26,929 66,368 93,298 82,558 - - - - 26,929 66,368 93,298 82,558 |
|---|---|
17
STREET STORAGE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST JULY 2025
13. STAFF COSTS AND NUMBERS
| Gross Wages, Salaries & Fees Employer's National Insurance Costs Pension Contributions Employees who were engaged in each of the following activities: Charitable Activities |
TOTAL 2024/25 £ 200,467 21,831 3,741 226,039 TOTAL 2024/25 6 |
TOTAL 2023/24 £ 180,734 10,027 3,787 194,548 TOTAL 2023/24 6 |
|---|---|---|
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 (2023/24: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 (2023/24:None).
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.
18
STREET STORAGE
(Charitable Incorporated Organisation)
INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
Report to the Trustees/members of Street Storage on the accounts for the year ended 31st July 2025 set out on pages 9 to 18.
Respective responsibilities of trustees and examiner
The Charity's trustees are responsible for the preparation of the financial statements. The trustees are satisfied that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the governing document or constitution of the Charity for the conducting of an audit. As a consequence, the trustees have elected that the financial statements be subject to independent examination.
Having satisfied myself that the charity is not subject to audit, and is eligible for independent examination, it is my responsibility to:-
a) examine the accounts under section 145 of the Act;
b) to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Act; and;
c) to state whether particular matters have come to my attention.
Basis of independent examiner's statement
I conducted my examination in accordance with the General Directions given by the Charity Commissioners for England & Wales in relation to the conducting of an independent examination, referred to above. An independent examination includes a review of the accounting records kept by the Charity and of the accounting systems employed by the Charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of the Charities legislation and that the financial statements comply with the SORP, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements.
The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.
I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtain written assurances from the trustees of all material matters.
Independent examiner's statement
The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Association of Accounting Technicians.
In connection with my examination, no matter has come to my attention:
-
which gives me reasonable cause to believe that in any material respect, the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
K. Collaku MAAT Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ
Date: 11th December 2025
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