STREET CHILD UNITED
Financial health, per its FY2023 accounts
The accounts state that total income increased to £889,485 while total costs rose to £704,136, resulting in a net surplus for the year. However, the charity's free unrestricted reserves fell to £183,733, which is below the trustees' stated policy target of approximately six months' operating costs (£203,000). The trustees maintain that going concern is appropriate due to significant donations received since the year-end and undertakings for further substantial donations.
What the accounts disclose
“Unrestricted Reserves: At the year end the charity had free reserves of £183,733, which is below the target set (2022 £215,128).” — page 11
“Niul Hatcher, trustee, is also a trsutee of the Amos Trust. £8,677 was paid to the Amos Trust to pass on to their partner project Karunalaya, £7,102 as a share of donations raised during the SWCC 2023, and £1,575 as a grant for participation in an SCU project.” — page 27
Structured financials (annual return, FY ending 31/12/2023)
Register events
- Received assets from another charity (22/06/2016)
Trustees
- ALEXANDER JAMES WHITEchair
- Archana Devi Glendening
- Arun Midha
- Daniel Fluskey
- Fiona Cullen
- Greg Clements
- Jitesh Patel
- Malini Skandachanmugarasan
- Niul Hatcher
- Walter Kent Christian
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £483k | £656k |
| 31/12/2023 | £889k | £704k |
| 31/12/2022 | £830k | £631k |
| 31/12/2021 | £339k | £385k |
| 31/12/2020 | £424k | £289k |
Common questions
Is STREET CHILD UNITED financially healthy?
The accounts state that total income increased to £889,485 while total costs rose to £704,136, resulting in a net surplus for the year. However, the charity's free unrestricted reserves fell to £183,733, which is below the trustees' stated policy target of approximately six months' operating costs (£203,000). The trustees maintain that going concern is appropriate due to significant donations received since the year-end and undertakings for further substantial donations. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE PENNIES FOUNDATION | 2 | £442k |
| ALLAN AND NESTA FERGUSON CHARITABLE SETTLEMENT | 2 | £130k |
| THE BATCHWORTH TRUST | 2 | £93k |
| THE BOLTINI TRUST | 2 | £83k |
| THE TULA TRUST LIMITED | 2 | £20k |
| THE OAKDALE TRUST | 2 | £4k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY & ST MATTHIAS, TULSE HILL | 2 | £500 |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. PETER, FORMBY | 1 | — |