CHARTTY r40: 1205847 STREET TEA CIO ANNLAL REPORT AND Accour(rs FOR THE PERIOD ENI DED 301b Joi'E)IBER 2024 CO)TE)TS Pag¢s CtrLarits' infortnation Annual report Receipts & pavments account Staternent of a5seis & liabilities Notes to the fin¢la] statemeDtS Report of the iDdependtDI examitier
STREET TEA CIO CHARrfY INFOR1.4T10y Registered charity no: 1205847 Dale of registratioD: 22 NovemFKr 2023 Governing instrument: 22 Novemkn 2023 Trustees: J Bridgma N Wotton K Wotton Correspondence address: 3 Ctanboume Gardell5 nford Essex IG6 IQF Independent examiner: S.G. Duker Fredericks Limited Chartered Accountants 106 Charter Avenue Ilford, Essex IG2 7AD Bankers: letro Bank. Page I
s'rREET TEA CIO TRUSTEES REPORT FOR THF. PEIUOD F.NDED JoTh NOVEMBER 2024 The TNsiees submit their 8ntLual report and the accounts for the periiNJ ended 30 November 2024. Governing docuD]ent The chatity is operated under the rules of its constitution dated 22 November 2023 and achieved charitable status on 22 November 2023. The charity is regjswed at the cban.ties Commission as a Charithble Incorpornted Organisaiion. Overall management of the charity is the rewnsibility of the T[sleeS. Day to day project &¢(ivity 15 managed by the Trustees. About ihe charity The objects of the CIO are as follows:_ The prei"ention or rehef of W>veny in Sri Lanka. tndia. Philippines and Brnzil by providing grants to Individualb in need and or charities.or other OrganitiOnS working to pres'eni or reliei'e wverty. To ad1'ace Ihe education of pupils ai Lilly s Pre-school. Sri Lanka, by Prolding and assisiing in the provision of faciliiieb Ihrouuh raL fundints foi education at the school. Summary of the Year Street Tea are pleased with the f]nancial p¢rfomi8nce for their f]rst year of trading and the results for both sales and nei incorne are slighily ahead of inifial expectations. The main source of iThcomc is and will continue to be weekend markei sales. but Street are also lookin8 10 build direci sales to caf&s online sales. as well as Iking at other qources of possible filnding. Charitable donaiions for the year were limi1 to £?58 as the biL8tees wanied to establish a significant amount of funds to allow Streei Tea to flnance projects that are in line witb the charity's objects oll a ollgoing basis. Street Tea have not been able to gran( futKls as expttted to Lily's Pre-SchtKTrI in Sri LaDka due to some ongoing i58U¢S regatding tbe funding. The uusttts ho 10 resOle tkn"s issue in the tUre During the pericd the Clwity made a surplus of £1 1,359. Public Benefit In shAP]ng our objectiv¢s for the peri(xl the TTusiees have considered the Charity Cotnmission guidance on public benefit. Risk St8temeDt The charity has considered a range of risks to whicb it could be exposed and the Trustees regularly review the poli¢i¢s and procedures which aim ¢0 mitlimise those risk& ensurillg they are adequate. appropriate and complied with )ly. The Charity aims to fither d¢vclop it'5 activities and become tnore established thlljng the next accounting perio APPROVED FOR AND OPI BEHALF OF THE TRLSTEES: LJd£ K Wotton N Wotton J Bridgman 202S P#ge 2
STREET TEA CIO RECEIPTS PAYIIIENTS ACCOL'.%T FOR THE YEAR ENDED 30TH f+40VEhlBER 21124 UDre5tricted FuDd5 Income and expenditure Incoming resources: Ttading income Less Trading costs Trading profil 32,645 22.033 Bank Int¢r¢st 28 Total ineomitig rewllrces £22.061 Resources expended: Runllillg costs of ihe cb#rity: Stsll hire Trnvel & subsistence Ptiut,post alld stationery Computer costs Other costs Charitable coniribuiions 6,520 2,380 478 725 341 258 Total resources expended £10,702 Net Incoming resource5 for the period 11.359 Net movement in funds £ 11.359 The notrs on page 5 forni part of these accounts Page 3
STREET TEA CIO BALANCE SHEET AT30 N0vEIBER 2024 30 T*ovember 2024 Notes Fixed assets Tangible red assets Current 74ssets Debtors Cash ai bat]k and in hand 12.380 12.380 Less: Current IRabilities (1,0211 Net current assets £ 11.359 Represented by.. Restrleted funds Unrestricted funds 11.359 Total fund$ £ 11,359 No guarantees have been given by the CIO. No charg&% have been Created by the CIO. APPROVED FOR of¥ BEHALF OF THE TRUSTEES: K Wotton otton ¥.LL J Bridgrna The notes on page 5 forni part of these accounts Page 4
STEIELT TEA CIO OTES TO TFIE FLNANCIAL STATENIENTS FOR THE PERIOD ENDED 30 NON'ENIBER 21124 AecoulltiDg poiieie5 A¢couDting cfjnveotion The fthallcial siatemens have been prepared on a receipts and PayDJent b&sis. b) Donations and iDve5trnent income Donationg and inTr"estment income are aCcound for received. Trading iDcome Trading income is Stsd on a receipts and payment basi5. d) Value added tax Cosis are inclusive of irrecoverable input Value Added T. Fiied assets Fixed assets ar¢ charged w the receipts and payments account in the yearof aequisiiion. Should significant assets be purchased in fOrtIolng peri¢)ds th¢ TnLSlttS tuay dccide to capstalise significani capithl expenditure. Fullds Restricted Fund Unrestricted Futtd Total Funds Balance brought forward Net inco]ng resources 11.359 11,359 Balance at 30 November 2024 £11.359 £11,359 Page 5
lTriDEPF.fiDF.NT ExAlIF,R,s REPORT TO THE TRUSTEES OF STREET TEA CIO FOR TIIE PERtOD ENDED 30-.NOVEMBER 2024. I report to the tnjsttts on tny exaTnitkation of the accoullts of Street Tea CIO (the In1) for the period ended 30th November 2024. Respottslbilltles and ba$ of report As the chartiy ttNsttts of the Ttusi you a responsIl)le for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the A¢i'). I report in res1 of my examination of the TnLSt's accounts carried oui under seciion 145 of the 2011 Act and in carrying out tny examination I have followed all the applicable Directions given by the Charity Commission under section 14515)(bl of the A¢L IDdepeDdent examiner s statement I have cornpleted my exatniDatioll. I collfmll that no Iaterial matters have Come to my attention in connection with the examination giving me cause to believe that any material restttt: l. Accounting records were not kepi in respect of the Tntst as required by secuon 130 of the A¢L or 2. The accounts do not accord with those records. 3. The accounts do not complv with the applicable requirements concerning the forni and content of accounis set out in the Charities {Ac¢ounrs and Reponsl Regulations 2008 other than any requirement that the attounts gifve a 'ffiie and fair view. which is not a matter cOnsided as part of an independent examinaiion. have no concern5 alld have come across no other tter8 iti connection with the examination to which attentioll should be thawn in thi's report in ord¢r to ¢nabl¢ a propu und¢r5tanding of the accounts to be reached. S G Duker FCA Fredericks Limited Chartered Accountants 106 Chaner Avenue Ilford, Essex IG2 7AD Page 6