ANNUAL REPORT for the Period Ended 31St March 2018

ANNUAL REPORT For the period ended 31st March 2018

STREET CHILD COMPANY LIMITED BY GUARANTEE

ANNUAL REPORT st For the period ended 31 March 2018 Charity Registration No. 1128536

Company Registration No. 06749574 (England and Wales)

STREET CHILD COMPANY LIMITED BY GUARANTEE LEGAL AND ADMINISTRATIVE INFORMATION

Trustees A Scott-Barrett Rev D Lloyd E Creasy P Garratt J Axon (Appointed 1 April 2018) B Hibon (Appointed 1 April 2018) N Mason (Appointed 17 June 2017) C Maxey J Streets (Appointed 1 April 2018) G Tetlow (Appointed 15 January 2018) A Wallersteiner (Appointed 1 April 2018)

Charity number 1128536

Company number 06749574

Registered office 206-208 Stewart's Road London SW8 4UB

Auditor Arram Berlyn Gardner LLP 30 City Road London EC1Y 2AB STREET CHILD COMPANY LIMITED BY GUARANTEE CONTENTS

Page

Trustees' report 1 - 46

Independent auditor's report 47 - 49

Statement of financial activities 50

Statement of financial position 51 - 52

Statement of cash flows 53

Notes to the accounts 54 - 64 STREET CHILD COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2018

The Trustees present their report and accounts for the year ended 31 March 2018.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Memorandum and Articles of Association dated 14 November 2008 , the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities The charity seeks to support high quality initiatives to improve the lives of some of the poorest and most vulnerable children in the world, in particular their ability to sustainably access a quality basic education. The charity achieves this objective through direct implementation, advice, support and advocacy. The charity works closely with a range of International, Governmental, Non-Governmental and community-based organisations to achieve its goals. There is no private benefit resulting from any of the charity’s activities.

Further details on all the charity’s key activities can be found in the Trustee Annual Review .

Financial review Total income for the year increased to £4,049,316 (2017 £ 3,854,314 ) . With a balance of unrestricted reserves of £644,921 (2017 £192,468) and restricted reserves £640,328 (2017 £283,110)

Reserves Policy It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to at least three month’s core expenditure costs and not more than six months. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has not yet been achieved but it remains a key objective of the charity to achieve this level and then ensure that it is maintained

Investment Policy Over and above achieving and maintaining the targeted levels of reserves, the charity’s financial policy is to expend all funds secured either directly on charitable activities or on fundraising initiatives designed to increase income in subsequent periods. All funds are held in appropriate interest-bearing accounts.

Risk Management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. A risk register and a risk management policy is in place.

- 1 - STREET CHILD COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2018

Plans for the Future The charity exists to make the largest difference possible in the lives, and in particular to the educational prospects, of the world’s poorest and most marginalized children. The charity has made remarkable gains since its foundation in 2008 with one project in Sierra Leone for 100 street-connected children to its present point, nine years later, where it can count over 2 00,000 children who have significantly benefitted from the charity’s work, in four countries. Motivated daily by the grim fact that globally 60 million children of primary- school going age alone are out of school, the charity plans to continue the growth of its impact as quickly as funds and sound planning allow.

Specifically, the charity foresees no circumstances in which it will not actively seek to grow its work in the long- term in Sierra Leone, the charity’s first project country. Likewise, in the short to medium term, we only foresee the charity seeking to deepen its impact in the other three countries it presently operates in: Liberia, Nepal and Nigeria. In 2017/18 the charity was excited to have opened the door, through organic growth, to work in Uganda, Bangladesh and Sri Lanka – as well as in DR Congo, Afghanistan and Burundi, through Children in Crisis becoming part of Street Child (see below). The charity’s short-term priorities are very much on consolidating and growing its impact in these ten countries. An interest in expanding Street Child’s impact into new locations remains however, if the right circumstances emerge: based on the charity’s potential impact in a new location; and the charity’s ability to fund a new initiative in a way which did not detract from existing country programmes (i.e. the ability to generate ‘fresh funding’ for a new programme).

The ability of the charity to achieve its plans depend on the continued growth of strong fundraising and project delivery teams – and the maintenance, and development, of existing supporter and donor relationships and, especially if growth is to be achieved, the nurturing of new relationships, nationally and internationally. Whilst the charity is delighted to be increasingly successful at raising substantial programme funds come from institutional sources, in particular DFID and UN funds, the critical role of trusts, foundations and philanthropy cannot be underestimated – these sources underpin the core of the charity; and provide scope to innovate, establish proof points, conduct research, respond fast and match-fund major institutional grants.

The charity is fortunate to possess an excellent senior management team, many of whom, uniquely, have worked with the charity since its early days and have been critical to its development to this point and are personally invested in its future success. With this excellent foundation and an open ethos that embraces hard-workers and high-performers, however experienced or inexperienced they may be, we believe the charity, with the vital support of donors and partners, has the potential to continue to grow and help more and more of the world’s neediest children.

Structure, governance and management The charity is a company limited by guarantee and is governed by the governing document; the Memorandum and Articles of Association dated 14 November 2008 and amended by special resolution on 5 March 2009.

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: A Scott-Barrett Rev D Lloyd E Creasy J Britt-Green (Resigned 31 March 2018) M Northcroft (Resigned 15 May 2017) P Garratt J Axon (Appointed 1 April 2018) B Hibon (Appointed 1 April 2018) N Mason (Appointed 17 June 2017) C Maxey J Streets (Appointed 1 April 2018) G Tetlow (Appointed 15 January 2018) A Wallersteiner (Appointed 1 April 2018)

- 2 - STREET CHILD COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2018

Recruitment and Appointment of trustees The appointment of the Trustees is carried out having regard to the needs of the organisation, the suitability and skill of the candidate and by interview of interested parties.

Organisational Structure The organisation is managed by a Board of Trustees who delegate the day to day running of the charity to the Chief Executive Officer.

Induction and training of new trustees New trustees are given the required training to enable them to undertake their roles and to ensure that they act in the best interests of the charity.

Fundraising Standards Street Child employs a team a professional fundraisers, all of whom follow the best practice and legal requirements set our in The Code of Fundraising Practice, as well as those required under charity law and wider law. There were no reported failure to comply with The Code of Fundraising Practice. Outside of the team of professional fundraisers, Street Child’s volunteer fundraisers were all provided with relevant training or guidance notes including where relevant links to the necessary legal and best practices from the Institute of Fundraising. Agreed fundraising targets were monitored through reports provided by our online giving platforms and through regular communication and mentoring of volunteer fundraisers. Our commercial partners were all subject to agreeing a Commercial Participators Agreement that set out the terms of the partnership including, but not limited to, payment plans, use of brand, inclusions/exclusions of the partnership and use of the agreed fundraising statement. Our data protection statement and marketing opt-in’s were reviewed and updated to ensure only appropriate and relevant communications were sent to those supporters who had requested said information. Our electronic communications platform also offers the opportunity to opt out at every stage of mass communications.

Street Child’s policy has never been to buy or sell supporter data or mailing lists. Our approach is to engage and inspire supporters through our events, through social media and other communications platforms and by our work.

Public Benefit The charity’s aims were carried out for public benefit. This was achieved through funding, supporting, fundraising for and raising awareness of, high quality initiatives to improve the lives of some of the world’s most vulnerable children, in particular their ability to sustainably access a quality basic education.

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I STREET CHILD PHILOSOPHY

OUR VISION

Street Child’s vision is a world where the rights of every child are realised, in particular, the right to education.

121 million school-aged children of primary and junior secondary school age are currently out of education worldwide, mainly in the world’s poorest, most fragile and disaster-hit countries. Millions more children are in school but failing to learn.

These children are denied their right to education and life opportunities. Street Child believes that achieving universal basic education is the single greatest step that can be taken towards the elimination of global poverty.

OUR APPROACH

Street Child works where the need is the greatest, with the most marginalised children and communities. We are quick to respond, and willing to go where others won’t - including remote, hard-to-reach areas and fragile, disaster-affected states.

We help children to realise their rights, in particular to a good basic education, by running projects focused on a combination of education, child protection and livelihoods support.

Wherever we work, we partner with local organisations, with the aim of building relationships built on trust and mutual respect, supporting the growth of local partners over time to take a leading role in their national development.

Street Child takes an outcome-led approach, and we use evidence to drive learning and the constant refinement and scale-up of programmes that create maximum impact for the most children at the lowest cost.

OUR STRUCTURE

Street Child’s federal structure is founded on the principle of local partnership. Street Child Nepal is a branch; and Street Child Nigeria is a subsidiary of Street Child UK, with their own managing Board. Street Child of Sierra Leone (SCoSL), Street Child of Liberia (SCoL), Street Child EU charities and Street Child US meanwhile are independent entities, also with their own Boards.

Street Child UK continually supports its partner entities with a combination of management and financial supervision, and technical and strategic advice. This allows Street Child entities to receive direct local funding and maintain local ownership, whilst retaining a minimum level of oversight by Street Child UK.

Our funding base is structured for maximum leverage and complementarity; using major institutional funding to attract and guarantee the essential public funding that Street Child receives through UK trusts, foundations and individuals. Specific public funding also contributes to building the restricted and unrestricted funds that enable Street Child to innovate and pilot new projects, conduct research into what works, and grow its global base.

OUR MODEL

Street Child’s aim is to support the world’s most marginalised children to realise their rights, in particular the right to education. The barriers to children accessing their rights are multiple and complex, and Street Child takes an inter-sectoral approach to designing projects that address these barriers.

TO DATE, WE HAVE IMPROVED ACCESS TO BASIC EDUCATION FOR OVER 200,000 CHILDREN THROUGH OUR EDUCATION, CHILD PROTECTION AND LIVELIHOODS PROJECTS.

II INTRODUCTION - STREET CHILD IN 2017/18

2017/2018 OVERALL HIGHLIGHTS

1 Record global fundraising - £11m raised across all Street Child entities, in fresh funds and new multi-year contracts; including: - Record Street Child UK Aid Match appeal; - Significant growth of Street Child in Nigeria; - Street Child UK’s largest two grants awarded by DFID in Nepal

2 Children in Crisis to become part of Street Child on 1st April 2018

3 Major Street Child of Sierra Leone response to the Freetown mudslide

4 Successful conclusion of major school construction projects in Sierra Leone and Nepal

5 Compelling results for Street Child’s low-cost education model in rigorous 3rd party Randomised Control Trial (RCT) in Liberia

Whether you come to this document to ‘get to know Street Child’, or whether you have followed the charity for years, it is our strong hope that as you read these pages you sense what an important year this, our ninth, has been for the charity. So much has happened but if there are two themes that emerge above all others it would be these:

(1) Street Child’s work has taken off for children in emergencies, without seeing any diminution of our long-standing core development work, which continued to flourish.

(2) Street Child has made considerable strides as an organisation, maturing and strengthening its financial position in particular.

Accelerated organic growth, and Children in Crisis (CiC), Sarah, Duchess of York’s 25 year-old charity becoming part of Street Child in April 2018, underpin both these developments.

In terms of emergencies, Street Child’s mission in North East Nigeria dramatically flourished from concept to one of the charity’s largest operations over the course of the year. At the same time, the charity continued to rebuild school structures devastated by the 2015 earthquakes in Nepal. And terribly, Street Child again found itself responding with speed, and on scale, to disaster in Sierra Leone – distributing over 100,000 meals in the 6-weeks

following the horrific mudslide and flooding in Freetown. Further, the first steps were taken to launch refugee education programmes in Uganda and Bangladesh, in response to the dramatic flows of South Sudanese and Rohingya peoples into those two countries. Whilst accessing institutional funding (UN, DFID etc) has been key to taking these responses to scale, philanthropic and public gifts have been critical in 2017/18 to our ability to rapidly react (e.g. Freetown) and/or to seed, and then underpin, these operations (e.g. Nigeria, Uganda, Bangladesh). Meanwhile in 2018/19, the integration of CiC will see Street Child start taking forwards longstanding, highly impactful work in two of the most troubled countries of the last 30+ years: DR Congo and Afghanistan.

A third of the world’s out of school children, the core group Street Child exists to serve, live in disaster-affected contexts. It has long been essential that the charity develop a strong method for acting in these situations. Drawing initially upon the successes and lessons from our improvised responses to Ebola and the Nepal earthquakes, it is clear that a highly impactful and distinctive approach is emerging, premised on four key, unique strands – also key hall-marks of our development work:

(1) Prioritising support via existing local capacity, especially local NGOs (2) Focusing on the ‘gaps’ in existing responses – and in particular willingness to focus on hard-to-reach and most marginalized groups (3) Building ‘outcome-focussed’ programmes that meet the fullness of children’s needs via un-siloed, holistic, inter-disciplinary approaches (4) Focusing on sustainability wherever possible, even amidst disasters

Finally, it is vital to state that the development of Street Child’s emergencies capacity has not in any way diminished the quality of, or attention on, vital longstanding educational development efforts. Indeed 2017/18 saw Street Child in Nepal, which the charity entered on a humanitarian footing after the 2015 earthquakes, make huge strides towards the establishment of major development programming with the securing of major funds from DFID to transform the prospects of the girls of the Musahar caste, whose literacy rates are under 4%. Meanwhile the team in Liberia posted a compelling result in a major third party evaluation of its flagship school management programme, and the teams in Sierra Leone pushed on with a characteristically broad range of programmes. This includes announcing Street Child’s largest and boldest initiative to date: ‘Schools for Tomorrow’, a plan to transform access and learning outcomes in 1,000 villages in Sierra Leone by 2023. Neither ‘growth versus quality’; nor ‘old versus new’ have been trade-offs for Street Child in 2017/18. Rather the ‘old’ has both provided foundations for the ‘new’, as well as being re- invigorated in parts by it; and growing scale has facilitated enhanced programme quality and sophistication as we bring a greater body of experience to critical issues and can justify, and afford, greater investments in expertise and learning.

Street Child’s growing institutional and financial strength is unpacked in more detail in the closing sections of this report – but as well as excellent financial results, with the organisation posting its largest total fundraising and unrestricted surplus to date, it is clear that the integration of CiC will also provide vital extra ballast.

III TIMETABLE OF NOTABLE EVENTS

May 2017 Street Child stages largest ever Sierra Leone Marathon with 170 international participants jetting in to join 800 locals!

Sierra Leone Marathon wins “Best International Event” category in the prestigious Running Awards.

August 2017 DFID award Street Child its largest ever single-grant of £1.8m, under their UK Aid Direct scheme, towards Street Child’s work with Musahar girls in Nepal – a group with a literacy rate of a shocking c.4%

Devastating mudslide at Regent in Freetown kills 1,000+ and leaves 6,000+ homeless. Fantastic supporter generosity enables Street Child to lead massive humanitarian response – going on to serve 100,000 meals in next 6 weeks and committing to the education and livelihoods recovery effort

September 2017 Year 1 RCT evaluation of Liberia PPP-primary school pilot, ‘PSL’ shows Street Child schools achieving ‘statistically significant’ learning gains – for a fraction of the per pupil costs of other highly-rated providers.

New school year starts in Sierra Leone with 25 brand new secondary school blocks constructed by Street Child in action for the first time; and nearly 2,000 girls starting Secondary School with Street Child support

November 2017 Street Child launch their third UK Aid Match appeal, “Right to Learn” – supporting Street Child’s work across West Africa

January 2018 Street Child launches major UN-backed plan to support the education and protection of 23,000 children in North East Nigeria in 2018

8 February 2018 UK Aid Match ‘Right to Learn’ appeal closes. Wonderful supporter generosity helps raise a record £1.3m

March 2018 DFID award further £1.5m to Street Child’s Musahar girl projects in Nepal, through their flagship Girls Education Challenge scheme.

Children in Crisis charity to becomes part of Street Child

Street Child of Nigeria launches major UN -backed plan to support the education and protection of 23,000 9 children in North East Nigeria impacted by Boko Haram as part of its education in emergencies project.

IV CHILDREN IN CRISIS & STREET CHILD – WHAT HAPPENED, HOW DID IT HAPPEN, WHAT DOES IT MEAN FOR STREET CHILD?

In mid-March 2018, Street Child made an offer to Children in Crisis to become its sole corporate trustee, and Children in Crisis duly accepted – formally becoming a subsidiary of Street Child on 1st April.

Children in Crisis (CiC) are a remarkable organisation. 25 years old and founded by Sarah, Duchess of York, over the years they have deployed in excess of £50m in service of children in some the world’s worst situations. Historically they have worked in many situations including in Eastern Europe, (like many aid organisations founded in the 1990s), China, East Timor and many others. In recent years their work, with a very consistent annual turnover of £2-3m, has tightened around four major programmes in DR Congo, Afghanistan, Sierra Leone and Liberia – and a pilot in Burundi. Moreover, like Street Child, CiC is focused on education and protection of the most vulnerable.

In early 2017 Tom and Koy, the respective CEOs, met for the first time – to explore some limited ideas for collaboration in West Africa. They got on. There were more conversations, which started to roam further than West Africa. And by summer 2017, trustees were being gently made aware that there was an interesting idea in the air. By Autumn 2017 this hardened into a shared analysis – that if an outsider, in full possession of all the facts, were to look in and genuinely answer the question, “how could these two organisations, with their respective strengths and challenges, best collaborate to deliver optimal outcomes for children”, the answer would be that, “they should fully combine efforts: become one”. And at that point, a more formal process began. An independent consultant was engaged from Eastside Primetimers (EP) to assess the proposed path, producing a very substantial and detailed document. In December 2017, Board meetings of both charities considered the EP report and agreed in principle to bring the organisations together. In many ways the hard work then began. A formal integration group comprising principally of the chairs and the two CEOs from both sides was formed and was highly active.

And, in mid-March, the plan was crystalised – with CiC formally becoming part of Street Child; and the Street Child Board expanding to 11-members, with three former trustees of CiC being added to the Board, in addition to Anthony Wallersteiner, former CiC chair, agreeing to become Street Child chair. Sarah, Duchess of York joined the charity as ‘Founder Patron’, reflecting her special status as the founder of CiC – and her daughters, Princess Beatrice and Princess Eugenie joined as ‘Global Ambassadors’.

Practically, the plan is to create a single, strengthened operating structure as quickly as possible in 2018/19 – one that, over time, is capable of achieving more for children than the two prior charities were able to realistically target together. Street Child are enormously excited by the great new possibilities brought about by this event – not least the expansion into DR Congo and Afghanistan; enhanced financial strength and fundraising potential; and the opportunity to work with Sarah, Duchess of York and founder of Children in the York family and find ways to Crisis, with Street Child founders, Tom and Lucinda create maximum benefit for our Dannatt. mission together.

Street Child would like to salute the fantastic achievements of Children in Crisis over 25 years – and extend massive respect and appreciation to The Duchess, her family and all the trustees and staff (past and present) and in particular the trusts and supporters of CiC who have helped make so much possible. It is our great wish that as many of possible of you will journey on with us as Street Child, in our shared mission to help as many as possible of the children living in the world’s toughest places, realise their right to a quality education.

V 2017/2018 COUNTRY HIGHLIGHTS

SIERRA LEONE

• Freetown mudslide response: 100,000 meals served in 6 weeks; • ‘Schools for Tomorrow’ 5-year plan to transform learning in 1,000 villages launched; • High-profile 75 high-quality secondary school classrooms project open for use with excellent reviews; • Strong start to ‘Girls Speak Out’ secondary school access project; • UK Aid Match funding won for major street children’s project in the East.

LIBERIA

• Year 1 evaluation results of high-profile ‘Partnership for Liberia’ programme show only Street Child achieved both ‘statistically significant learning gains’ and stayed within budget; • Extension into the critically under-served South East region.

NEPAL

• Post-earthquake reconstruction: 240 semi-permanent classrooms; • UNICEF selects Street Child as sole INGO partner to continue school-based earthquake recovery work into 2018/19; • DFID commits £3.4m via UK Aid Direct and Girls Education Challenge for 10,000 girl anti-slavery and education project for Musahar caste – whose girls have a literacy rates under 4%

NIGERIA

• Education and child protection programmes for 23,000 children launched • Development of excellent relationships with UNICEF and UN system

12 Post-earthquake reconstruction: Street Child of Nepal first met Mina in 2015 when her school was destroyed 13 by the devastating earthquake. As part of their school -based post-earthquake response Street Child, in partnership with UNICEF, is constructing 240 semi-permanent schools across earthquake affected districts.

VI HIGHLIGHTS BY THEME

STREET CHILD’S WORK CONTINUED TO FOCUS ON 4 KEY THEMES IN 2017/18:

1 Children affected by disasters / Education in Emergencies

2 Girls’ Education

3 Street-connected & out of school (OOS) children

4 Quality education

Rebecca received support as part of Street Child’s ‘Girls Speak Out’ Programme, funded by UK Aid, trusts and foundations and supporter donations.

CHILDREN AFFECTED BY DISASTERS & EDUCATION IN EMERGENCIES

Mitigating the impact of disasters in the lives, and in particular the education of children, has been a growing priority area for Street Child since our spontaneous involvement in supporting communities during, and after 240 the 2014/15 Ebola crisis – events which opened our eyes TEMPORARY LEARNING to the impact of disasters on children; and also to our CENTRES AND SEMI- own capacity to make a positive difference in this area. PERMANENT CLASSROOMS BUILT IN NEPAL As the introductory remarks have made clear, 2017/18 is perhaps the year that Street Child’s emergencies work became an established part of what we do.

Desperately, Street Child found itself responding to further disaster in Sierra Leone in the aftermath of the horrific Freetown mudslide and flooding events of August 2017.

Children affected by disasters: Generous public support in the wake of the Freetown mudslide disaster enabled Street Child of Sierra Leone to launch an immediate emergency response that was subsequently supported by UK Aid, World Food Programme (WFP) and many other partners. 15

The Freetown Mudslide: Street Child responds

It was 5am on a Monday morning in August 2017 when an entire mountainside collapsed in an area of Freetown, the capital of Sierra Leone. Heavy rains led to widespread flooding, and a mudslide that created a trail of devastation two miles long. More than 1,000 people died in this disaster, and many more thousands were left homeless, orphaned and/or bereaved. Street Child of Sierra Leone sounded the alarm that same day, that a national emergency required our immediate action, with a public appeal for support.

Over the next 14 days, Street Child was at the forefront of the response, providing over 100,000 emergency food and other supply packs in coordination with the national emergency response. In a remarkable act of endurance, staff worked around the clock to procure food, bedding and clothes for the 1,200+ families left behind. This was possible thanks to the UK government, our in-country partner and an out-pouring of public support for which we are enormously grateful.

Once the situation had stabilised, Street Child supported the back to school effort and continued to monitor the affected communities. In February 2018, long after the cameras had left, Street Child carried out a follow up study that found 44% of households had been unable to recover and had no steady source of income. We pledged to support at least 450 households to restart their livelihoods through family business, so they could retain their children in education. With the support of the Japanese Government, Street Child also began the construction of two schools rendered unusable by the disaster.

Freetown: Working with World Food Programme (WFP) and others, Street Child distributed over 100,000 emergency food and other supplies in August and September 2017. 16

Education materials are distributed to children impacted by the Boko Haram as part of Meanwhile, Street Child continued and completed its multi-partner, multi-province education in emergencies response to the earthquakes in Nepal funded primarily through the EU and UNICEF. This included the successful construction of 240 semi-permanent classrooms in 53 schools across four earthquake-affected areas; and construction of 213 water, sanitation and hygiene structures comprising male and female latrines, water tanks, hand washing taps and sanitation supplies. Street Child and its four partners also trained 500 teachers and education authorities across 137 schools in disaster risk response strategies, and supported this through the distribution of over 2,500 emergency education materials.

Street Child's response to the earthquake emergency demonstrated three core competencies: (i) our agility in entering and establishing ourselves as an EIE actor despite no prior presence in country; (ii) our context-specific, sensitive approach to accessing communities through a network of national partners (CCS, LACCOS, SAHAS and RUDEC); and (iii) our ability to respond in hard-to-reach, remote areas left out of donor responses due to difficulties of access.

In January 2018, Street Child were delighted to be appointed again as a principal implementing partner for UNICEF, this time to deliver a third phase of the education in emergencies response through an earthquake recovery and resilience programme funded through USAID. Street Child is especially proud to be the only INGO UNICEF have selected for partnership on all three phases of their emergency relief, response and recovery efforts. This is a $650,000 programme to increase and improve disaster recovery and resilience at the school and community level that runs from April 2018 to March 2019. Street Child will expand into eight earthquake affected areas [Bhaktapur, Dolakha, Kavrepalanchok, Makwanpur, Nuwakot, Okhladhunga, Ramechhap and Sindhuli] and work with 215 schools to (i) secure and stockpile learning and recreational materials for 3,200 students and (ii) provide recovery and resilience training to 600 teachers, 180 School Management

Education in Emergencies: Street Child continued and completed its multi-partner, multi-province Education in Emergencies response to the earthquakes in Nepal funded primarily through the EU and UNICEF.

17 Committees (SMC), and 180 Parent Teacher associations (PTA). Street Child will implement this programme in partnership with new partner CWISH and long-standing, anchor partner, SAHAS.

However, Street Child’s largest disaster-response work in this period was our new operation in North East Nigeria, for which 2017/18 was a seminal year - headed by Marcello Viola who had previously worked for Street Child in Sierra Leone. At the start of the year, Street Child’s response to the ongoing Boko Haram (meaning ‘Western education is forbidden’) crisis was just a few months old. A 2016 Christmas appeal, generously backed by Street Child supporters and major donors had raised enough funds to begin two critical pilot projects with internally displaced people (IDPs) in the capital Abuja, and to begin scoping in the North East itself. Marcello was focused on identifying excellent local partners; and the critical needs in the North East that Street Child could initially focus on.

By March 2018, Street Child Nigeria was several months into the delivery of an integrated education and child protection programme for 23,000 children in Borno, Adamawa and Yobe states supported by UNICEF, the Nigeria Humanitarian Fund and, more flexibly, by several generous trusts, foundations and philanthropists. Street Child worked together with five national partners in the North East to help IDP children to access their right to education and protection. The first phase of the ‘Right to Learn’ programme used non- formal education approaches to help 5,000+ IDP children learn in 60 temporary classrooms. These doubled as child help desks and recreational child friendly spaces run by community facilitators providing over 10,000 children with psycho-social support.

In these spaces, protection issues were identified and referred to our 32 trained social workers. Child protection committees and teachers were trained as another line of defence; 239 unaccompanied and separated children were identified during this period, for livelihoods support and parenting counselling to their foster carers. A second phase of education support would focus on the capacity of the formal system, through the rehabilitation and reopening of 115 state school classrooms, and the training of 400 state teachers. During this period, Street Child also began work in earnest with Nigeria’s EIE Working Group to fund and technically support the creation of a national EIE curriculum.

Street Child and the Grand Bargain

The Grand Bargain, arising from the landmark 2016 World Humanitarian Summit in Istanbul, commits donors and aid organisations to providing 25% of global humanitarian funding to local and national responders by 2020. Currently, less than 10% reaches local partners in humanitarian/emergency settings. Street Child is hugely committed to the localisation agenda, and to working side by side with national partner organisations to lead the response in emergency, early recovery and development phases. As well as delivering all its programmes in NE Nigeria with local partners, Street Child also provides capacity building support to its partners as independent organisations. We focus on partner priorities; from finance and strategy to fundraising and representation. We provide a combination of targeted training and embedded support to best understand, support and help our partners grow. Street Child of Nigeria is currently working to re-establish education for 23,000 children across the three north -eastern states in Nigeria which are worst -impacted by the on-going conflict. 19 This includes the construction of Temporary Learning Centres (TLC) with Child Friendly Spaces (CFS) which provide a safe space for the children to learn and play together.

GIRLS’ EDUCATION

Girls are grossly disadvantaged in education in all of Street Child’s key project countries. The charity launched an explicit, enduring focus on girls’ education in 2016/17 with the ‘Girls

5,000 Speak Out’ UK Aid Match appeal. In GIRLS IN WEST AFRICA ARE GIVEN 2017/18 this fundraising and advocacy SUPPORT TO GO TO SECONDARY effort was powerfully turned into action SCHOOL both in West Africa and in Nepal.

In Sierra Leone and Liberia, Street Child continued a 2-year initiative directly funded by the UK Aid Match appeal to help 5,000 girls (4,000 SL; 1,000 Lib) enter, and remain in, secondary school - who otherwise would have been highly unlikely to attend. The ‘Girls Speak Out’ project was launched following a 3,000 girl consultation across Sierra Leone and Liberia in 2015/2016, with a targeted intervention addressing the social and economic barriers to education for 5,000 girls so they could successfully transition to secondary school. An impressive 87% passed their primary school exams with Street Child support including education kits, catch up classes, extra support for teenage mothers and a livelihoods scheme for their primary caregiver. By November 2017, 1,884 of the first cycle of girls had successfully transitioned, and another 2,500 girls in the second cycle had been identified for support.

In Nigeria, whilst none of our work had an overt gender focus, Street Child has worked hard towards gender parity for its education programming in the North East, and achieved equal attendance and equal enrolment in its non-formal education component (51% boys, 49% girls) – a significant achievement given prevailing cultural attitudes in the predominantly Muslim region.

20 Hassan, aged 12, is a beneficiary of Street Child’s 2016 ‘Girls Speak Out’ UK Aid Match Appeal. Street Child of21 Sierra Leone provided support to Hassan’s parents in the form of a grant so that they could restart their milk selling business and afford to send her to school.

In Nepal, following exhaustive research, concept design and proposal writing, Street Child were delighted to lay the foundations for a very substantial, multi-dimensional, 4-year programme for the girls of the Musahar caste – Nepal’s most marginalized group, a sub- caste of the Dalits, where female literacy runs at only 4%. Two major grants were awarded by DFID, one via UK Aid Direct and another via the Girls’ Education Challenge, providing 75% of the funds of a £4.5m project that aims to transform the learning and life prospects of over 10,000 Mushar girls.

Breaking the Bonds: Street Child and the Musahars

23,829 Musahar women and girls in Nepal remain trapped in modern slavery. They are the most politically marginalised, economically exploited and socially humiliated group in Nepal. Musahar girls, struck thrice by caste, class and gender discrimination, bear the brunt of this oppression. Education indicators for Musahar girls are shocking: a mere 3.8% of women and girls are literate; 85% are unable to read or write at all (Bishwakarma 2008). Prior NGO and Governmental efforts to enable access to education for Musahars have had limited impact – but have provided learning points that have significantly informed Street Child’s programme design which is intensive, on scale, holistic and sustained.

In partnership with the UK Department for International Development (DFID) and national organisations Aasman Nepal, Group of Helping Hands (SAHAS) Nepal and Janaki Women’s Awareness Society, Street Child is launching two linked, bold, ambitious 3-year programmes that will jointly support 10,500 marginalised Musahar girls to access education and employment opportunities and end the cycle of debt bondage. DFID is providing funds from both its flagship Girls’ Education Challenge ‘Leave No Girl Behind’ facility (£1.5m) and UK Aid Direct (£1.9m). An urgent, priority fundraising goal for Street Child is to raise the remaining 25% of the programmes’ cost (£1.1m)

Girls will be supported through (i) Accelerated Learning Programmes to overcome exclusion from education and achieving functional literacy and numeracy; and support to transition to mainstream education wherever possible; (ii) Livelihood Support Programme to overcome extreme poverty with two streams of training and coaching including establishing an income stream with a £150 cash grant and transitions into identified employment opportunities with employer support; and (iii) Life Skills & Protection Programme to encourage self-sufficiency, offering a safe space with social worker and peer support to enable girls to confront violence and abuse and increase confidence accessing services and social networks.

22 The foundations for a groundbreaking 4-year programme to transform the life prospects of 10,500 girls of the 23 Musahar caste – Nepal’s most marginalised group. DFID are funding 75% of the programme but Street Child urgently needs to source funding for the remaining 25% of the programme.

STREET-CONNECTED AND OUT-OF-SCHOOL CHILDREN

Street Child’s name and heritage demands that programmes for street-connected children remain central to our work – and in Sierra Leone and Liberia this remains strongly 1,100 the case. In both countries, many of the girls benefitting from the 5,000 girl secondary OUT OF SCHOOL CHILDREN NEWLY school initiative described above were ENROLLED IN ACCELERATED LEARNING IN LIBERIA initially contacted on the streets through active social outreach conducted by our urban team.

Specifically in Sierra Leone, a significant portion of the year’s UK Aid Match ‘Right to Learn’ appeal funds are being allocated to a reinvigoration of or work for street-connected children in the East of Sierra Leone. Starting in Autumn 2018, we will launch a brand new initiative to support 5,000 street-connected children in Kono, Kenema and Kailahun towns with social, educational and livelihood support for their parents, in Street Child’s established model.

In Liberia, in particular with the help of Comic Relief we have been able to run two services for street-connected and out of school children in Monrovia and Bomi/Montserrado counties. 750 children had enrolled in an accelerated learning programme using the Luminos Fund’s proven ‘speed school’ model, and by September 2017 a resounding 92% were able to successfully mainstream into formal link schools. Another 350 were enrolled in a second phase in February 2018. 600 street connected children were identified for Comic Relief funded social and caregiver livelihoods support in Monrovia and nearby Dolo’s Town.

In Nepal, our school for children living in brick kilns in Bhaktapur, on the edge of Kathmandu, opened for its second season with an afternoon shift added to cater to an increased number of children. Parents called ahead from their villages to secure seats for their children in advance of their arrival to the brick kilns. This pilot programme to 'Break Barriers 24

to Education in Brick Kilns' was expanded through the generous support of a UK trust, into a further five schools serving 750- 1,000 children across the Kathmandu Valley. In 2018 the model will be further scaled with additional planned work with national organisation Better Brick Nepal to support 40 schools across brick kilns in 12 areas through safe, secure construction, teacher training, and curriculum and assessment.

In Nigeria, our broad based EIE work spanned both children who had dropped out of school due to displacement as a result of the conflict and children who had never yet had the chance to go to school in the service-deprived areas of the North East. A specific group for whom we have not yet been able to offer dedicated programming, but remain very keen to do so, are the Almajiri, children, a highly vulnerable group of out of school children who beg on the streets in return for an Islamic education.

Finally, the announcement of Street Child’s plan to transform learning in 1,000 villages in Sierra Leone by 2023 in a project to be called ‘Schools for Tomorrow’ (see following page) also represents our massive commitment towards the issue of out of school children in Sierra Leone. ‘Schools for Tomorrow’ will both target transformation of quality of, and access to, education in rural Sierra Leone. Street Child of Nepal’s pilot programme to 'Break Barriers to Education in Brick Kilns' was expanded into a further five schools in the Kathmandu valley, giving children of seasonal brick workers, the chance to go to 25 school.

Street Child’s ‘Schools for Tomorrow’ initiative, the charity’s boldest ever project, aims to mobilise £10m to transform primary-level education in 1,000 villages in Sierra Leone over the next 5 years. 26

Schools for Tomorrow: Street Child’s big plan for 1,000 villages in Sierra Leone

Rural Sierra Leone faces a treble education crisis. Firstly and at root, schools are non-existent or utterly unfit in villages across the country. Rural illiteracy runs at 70%: it is a cycle that must be broken. Secondly, whilst Sierra Leone’s Government is making education a priority, it is starting with Government and approved schools – overwhelmingly in urban areas. Thirdly, even with Government increasing the share of its expenditure allocated to education, the poverty of the economy and thus the national budget places a natural limit to what can be achieved – and all the indications remain that rural areas and unapproved or community schools are last in the line.

Since 2010, Street Child has been pioneering a model of integrated, low-cost, community-driven interventions to help start, or radically improve, primary schooling in remote, rural locations in Sierra Leone. Key strands include teacher training and support; community advocacy and engagement; support to school construction and repair projects; local Government and Education Ministry engagement; and income generation initiatives to promote short-mid term sustainability. By 2018, this work had spread to over 200 communities and, relative to the investments made (typically totaling under £10,000 per community), are seeing many great results.

Schools for Tomorrow (SfT) is Street Child’s plan to radically scale-up and develop the proof-points already established in our rural schools work since 2010 – in the face of the enduring rural education crisis. Our goal, our largest ever, is to mobilise £10m to transform education in 1,000 villages in Sierra Leone by 2023 – through a programme of tailored, community-based interventions costing c.£4-£12k per village. This is a huge undertaking, which we will critically depend on Street Child inspiring support from the widest possible range of public, institutional, and philanthropic supporters. Together we will impact the education of 100,000 children by 2023 – and countless more beyond. SfT is an equity programme. It is a programme of love for Sierra Leone’s neglected rural communities. It is also, intentionally, a massive experiment, which will be rigorously documented – designed to show just how much £10m, a sum not considered large in certain contexts, can actually achieve when programmed in low-cost, tailored, community- based models.

27 QUALITY EDUCATION

In Sierra Leone, Street Child progressed two major initiatives focused on raising education quality. From a construction perspective, there were proud days when 25 brand new, Street Child-built secondary school blocks 25 opened for use across the country at the start of the 2017/18 academic year. As part of the Post-Ebola SECONDARY SCHOOL CLASSROOMS BUILT Presidential Recovery Plan, funded by DFID and working as IN SIERRA LEONE part of a wider consortium with two of the world’s largest INGOs (World Vision and Catholic Relief Services), this was a high-profile, high-pressure initiative for Street Child to take on.

Managing school construction projects to Government standard on anything like this scale was a new challenge for Street Child, and we delivered on time, on budget, and on specification with work that was widely praised by all partners in the project. Meanwhile, Street Child also carried forward our long-standing work to raise standards in rural primary school, initiating a 400-classroom nationwide transformation plan, funded by DFID and philanthropic funds. Tailored school plans including teacher-training, learning resource distribution and classroom repair work, depending on the needs in a given location, were delivered across Sierra Leone, and successes / challenges from this 400-classroom project will very substantially inform the roll-out of the 1,000 village ‘Schools for Tomorrow’ programme (see previous page). Raising standards in Sierra Leone’s rural classrooms will continue to be one of the charity’s core objectives until at least 2023!

Street Child of Sierra Leone successfully built 25 high-specification secondary school classrooms in partnership with the government of Sierra Leone, major INGOs, World Vision and CRS, funded by UK

Aid.

The hardest evidence of the impact of Street Child’s school quality work came clearly from Liberia, where in 2016 Street Child was appointed as one of seven operators in the Liberian Government’s bold and, often controversial, ‘Partnership Schools for Liberia’ (PSL) experiment. This included outsourcing primary school management to third-party providers in a quasi-public private partnership (PPP) arrangement. Throughout the 2016/17 academic year, Street Child managed 12 PSL schools. In September 2017 the Government of Liberia published results of rigorous independent analysis it had commissioned on the impact of the first year of the PSL programme, including comparisons of the learning gains of different operators. The results (discussed in more detail in the below box) showed Street Child to be one of three operators achieving ‘statistically significant’ learning outcome gains despite spending a small fraction per pupil in comparison to its two high-achieving rivals.

Partnership Schools for Liberia (PSL) – Year One Evaluation

In September 2017, the Center for Global Development and Innovations for Poverty Action released the results of a randomised control trial (RCT) evaluating the first year of Liberia’s bold experiment in a rigorous paper entitled ‘Can Outsourcing Improve Liberia’s Schools?’ The paper noted that the programme had raised learning by 60% across all providers - but for a high cost and with varied performance.

Three of the seven providers: Bridge International, Rising Academies and Street Child were found to have achieved ‘statistically significant’ learning increases that were ‘positive and significantly different from zero’.

Rising spent five times the Liberian Government’s $50 per pupil ‘affordable target’ (spending $279 per pupil)

Bridge spent 13 times the Liberian Government’s $50 per pupil ‘affordable target’ (spending $663 per pupil)

Street Child achieved its learning gains for $48 per pupil - $2 under the Liberian Government’s target.

Only Street Child achieved both ‘statistically significant learning gains’ and stayed within the Liberian Government’s indicative budget. Street Child’s low cost interventions focused on teacher training, classroom resourcing, regular local partner monitoring and community engagement.

In addition, earlier in July 2017, we were notified that the Liberian Government intended to award management of a further 11 schools to Street Child, taking our total to 23. The new schools would be in the very South East of Liberia, in Maryland County, bordering the Ivory Coast – and a journey of over two days from the capital Monrovia. Street Child were delighted to accept this challenge both as a recognition of what we were already achieving in the early days of the management of our initial 12 schools but in particular because ever since starting in Liberia, Street Child has been looking for an opportunity to make a start in the South East. Liberia has some of the worst education indicators globally, in terms of attainment and out-of-school children (a 2016 UNICEF report showed that Liberia had the world’s highest rates of out of school children) – and whilst standards are low around Monrovia and elsewhere in the country, it is the situation in the South and East that is at the heart of Liberia’s education crisis. Hard-to-reach, in dire need of help but receiving hardly any help at all – Maryland is just the type of place Street Child exists to serve: and in September 2017 we were delighted to become the only education NGO operating in Maryland and assume management of these 11 schools.

In Nigeria, Street Child’s characteristic approach of looking to support national Government or Civil Society efforts wherever possible, took a distinctive turn when Street Child, with the generous support of a key foundation, brought energy and critical resources to a dormant but vital project to drive the quality of the education response to the Boko Haram crisis by helping develop a National Education in Emergencies (EIE) curriculum for Nigeria.

Supporting the development of a national EiE curriculum for Nigeria

The Nigerian EIE working group had identified an urgent need for nationally led, standardised approaches to the education in emergencies that Nigerian children were receiving. Beyond foundation skills, lessons in hygiene promotion, SGBV prevention, and social and emotional learning after trauma were judged to be critical. Yet EIE was anything but standardised; a 2017 survey of the North East found only 4% of children were receiving any mine risk awareness education.

Street Child began liaising with the relevant education authorities led by the Federal Ministry of Education – including the NERDC responsible for curriculum development; UBEC responsible for basic education; ENMEC responsible for non formal education, teacher unions and others. From December 2017, Street Child began providing operational and technical support to carry out the needs assessment, content creation, editing and approval phase for the creation of a national EIE curriculum. We also began raising funds and advocating with relevant donors and third sector actors to support this bold, ambitious, nationally-led project with a target completion date of December 2018.

30 The Liberian Government awarded management of a further 11 schools to Street Child as part 31 of the PSL programme , leading to the extension of Street Child of Liberia’s work into the critically under -served South East region. VII STREET CHILD UK FUNDRAISING AND MEDIA ACTIVITY IN 2017/18

2017/18 saw another enormously busy, innovative and successful fundraising calendar – as the charity raised a record level of new funds – securing £11m in fresh income and future multi-year grants (described in greater detail in the finance section below).

The year began with two fantastic results for the Sierra Leone Marathon (SLM). Firstly, SLM scooped first prize in the ‘Best International Event’ category of the prestigious ‘Running Awards’. Then secondly the May 2017 SLM attracted its highest ever number of fundraising participants with over 170 runners travelling from UK, Europe and further afield to take part in the annual spectacle, alongside 800 locals!

Among the 170 brave international participants, Street Child were especially honoured to host one in particular – the nurse Pauline Cafferkey who was making her first trip back to Sierra Leone since contracting the Ebola virus whilst serving during the 2014/15 outbreak. Pauline generously and courageously used the visit to highlight the long legacy of Ebola for Sierra Leone. The BBC, Mirror and other titles ran excellent coverage of her trip which brought issues such as Ebola’s orphans back into public attention for the first time in a long while.

Directly after the marathon, another ‘Street Child first’ happened – the first ‘West Africa Cycle Challenge’ took place with 15 riders cycling from Bo, the second town of Sierra Leone all the way to beautiful Robertsport in Liberia, 186 hard and dusty miles away. They did it! They raised over £20,000. A fantastic article was published in the Telegraph – and a new fixture in the Street Child fundraising and adventure calendar was born. A second ride followed, again successfully, in the Autumn – and the plan is for two more in 2019.

The fundraising and media focus of the year was of course the charity’s third UK Aid Match appeal entitled “Right to Learn” which ran from mid-November to mid-February – becoming the charity’s most successful appeal to date with Street Child supporters going to extraordinary lengths to support the appeal. The appeal launched with a fantastic Winter Ball and closed with an epic ‘ pub quiz’ hosted by Street Child patron Nick Hewer and his Countdown colleague Rachel Riley; plus an auction conducted by Street Child patron General Lord Dannatt! In between there were three packed Christmas Carol services and several smaller events, including three evenings generously hosted by the charity’s latest corporate supporter, Boodles. Arguably the most memorable event of all was the inaugural Street Child ‘Craft Half’ run on Wimbledon Common – where 300 runners proved that whilst a half-marathon, fundraising and craft beer are an unlikely combination, it is actually one that is immense fun and a highly effective way of generating funds and friends for the cause!

[Above] Ebola survivor Pauline Cafferkey returned to Sierra Leone with Street Child for the first time since contracting the virus. [Below] Street Child’s first ever ‘West Africa Cycle Challenge’ took place with 15 riders cycling 300 km from Bo, Sierra Leone all the way to Robertsport, Liberia.

Throughout the year however our supporters were wonderfully generous, brave and in many cases seriously impressive – not just with their fundraising! We are amazingly grateful to everyone who went out of their way to make our work possible but special mentions are for: • Every single one of our direct debit and standing order supporters, whose regular, dependable gifts are invaluable

• The extraordinary ‘Sierra 260’ team who somehow ran ten marathons in ten days in the searing heat of Sierra Leone, raising over £60,000 for Street Child in the process

• All the schools, churches, Rotary and other community groups who support us. A particular shout out though for City of London School for Girls, whose fundraising for Street Child over five years long since smashed through the £100,000 barrier

• The great contributions, including, but much more than the fundraising exploits of our volunteers, in London, Barcelona, Sierra Leone, Nepal and elsewhere who are an integral part of Street Child’s life

• Our growing band of corporate supporters such as Tokio Marine Kiln (whose unbroken support of the Sierra Leone Marathon since 2012 has been an under- pinning factor in its success); the remarkable From Babies with Love social enterprise; Boodles; Centrus (who sent a team on the West Africa Cycle Challenge); Dawnus (who built another great school in Liberia); Altum recruiters and many more

[Above] The extraordinary ‘Sierra 260’ team took on ten marathons in ten days in the searing heat of Sierra Leone. [Below] The Ultimate African Adventure: The Sierra Leone Marathon (SLM) 2017 was the biggest to date, and scooped first prize in the ‘Best International Event’ category of the prestigious ‘Running Awards’.

‘RIGHT TO LEARN’ APPEAL REPORT

Our UK Aid Match appeal ‘Right to Learn’ championed the education crisis facing West Africa and asked the British public to give thousands of children the chance to learn and a chance to build a brighter future for their families, their communities and their countries.

The appeal surpassed our expectations raising £1.3m and achieving more media coverage and higher supporter engagement than ever before. As always, this was only achieved thanks to the generous support of our media partners and the many other major media outlets and individuals who helped us convey our story to the British public.

Our media partners the Evening Standard, The Sunday Mirror, The MailOnline, Bauer Media Group and First News ensured that the ‘Right to Learn’ appeal was seen by their extensive readership. Standout features included:

• The launch of our UK fundraising event the Craft Half was covered by the Evening Standard

• MailOnline ran a piece featuring our work in Nigeria helping children impacted by the Boko Haram conflict

• FirstNews ran a two-page spread on our appeal and the barriers to education in West Africa

• Our patron Nick Hewer was interviewed on BBC News

• An article in Trail Running featured our Nepal Marathon

• The Debrief carried an interview with our Head of Africa Programmes

• Practical Photographer ran an interview with Street Child photographer Chris Parkes

Further visibility of our campaign came thanks to the support of Huffington Post, Birmingham Mail, The Belfast Telegraph, Evening Times, EDP, York Press and the Drum.

Social media also played a vital role in reaching and engaging our audience with the UK Aid Match appeal. Our own content plus social media activity by high profile Street Child supporters Nick Hewer, Susie Dent and Rachel Riley allowed us to reach 1.5m people across Facebook, Twitter and Instagram with our appeal and the UK Aid Match messaging.

Over 1,700 people attended a Street Child event during our appeal including our Winter Ball, supporter dinners, Carol Concerts, a 250-person quiz night, the West Africa Cycle Challenge and finally our first-ever UK-based running event, The Craft Half, which was attended by 300 runners.

OTHER COVERAGE

Through the rest of the year we continued to drive awareness of Street Child and our work via various media channels including:

- In April 2017, comedian Russell Howard spoke in the Evening Standard about his trip to Liberia to experience Street Child’s work with Ebola orphans

- In May 2017 The Independent reflected on how Nepal was still recovering from the 2015 Earthquakes and the importance of Street Child’s work in rebuilding schooling

- In June 2017 the BBC and Mirror prominently reported on Nurse Pauline Cafferkey’s first return to Sierra Leone since contracting Ebola; and the country’s recovery

- In June 2017 The Telegraph highlighted Street Child’s West Africa Cycle Ride as one of the ways that tourism is growing in Sierra Leone

- In summer 2017 The Mirror and the Evening Standard both highlighted Street Child’s ongoing support of the children orphaned by Ebola

- In August and November 2017 The Guardian and ITV helped us communicate the short and long term impact of the Freetown mudslides on the local community

We are grateful to all media outlets for their interest in, and support of, Street Child’s work and for helping us to tell our stories and raise awareness. Links to these articles can be found on the Street Child website on the ‘In the News’ page.

VIII CONCLUDING COMMENTS - STREET CHILD IN 2017/18

Street Child are proud of the progress we made in the field in 2017/18.

We both delivered and raised more programmes funds (for 2017/18 and future years) than ever before – as sections below expand on. The growing trust of philanthropists, DFID and UN agencies is both highly affirming and hugely promising for Street Child’s future growth prospects.

We enjoyed high-level partnerships with the Ministries of Education in Sierra Leone, Liberia and Nigeria.

We continued our overt focus on not just delivering through, but actively seeking to build up excellent local organisations. In North East Nigeria Street Child is the only INGO in the education and child protection sectors prioritising support to local agencies. In Sierra Leone, SCoSL’s reaction, and sustained delivery, in the aftermath of the Freetown mudslide showed the power of a supported but independent, locally rooted actor – deeply committed to its community. In Nepal, we are delighted to now be carrying the capital built up in our relationship with SAHAS, our core local partner in the humanitarian sphere over the last two years, into our new development phase – SAHAS will deliver the livelihood components of both parts of our work with the Musahars. Globally, Street Child was excited to contribute to, and benefit from, the growing humanitarian discourse on localisation – amongst other initiatives, sitting on the steering group of a high-level localisation advisory project shared between the Global Education Cluster and the Child Protection AoR.

Over 2017/18 we also actively sought to begin a process of considering how, as an organisation, we can do more to address the role of disability as a barrier to education. The project we will implement in Eastern Sierra Leone, resulting from this year’s ‘Right to Learn’ appeal contains our most explicit provision for children affected by disability to date and as the year closed we were preparing to begin a field study in the North of Sierra Leone on the role of disability as a barrier to education which we expect to launch prior to the Global Disability Summit in July 2018.

38 Satyam is a beneficiary of Street Child of Nepal’s work with Children with Disabilities (CWD). Street Child plans to scale its education support for children with disabilities in the coming years - including tackle the stigma and 39 discrimination that they face by creating new norms, ensuring inclusion in education and dignity and respect for all.

IX A LOOK FORWARD – STREET CHILD PROGRAMMES IN 2018/19 AND BEYOND

On the one hand, many of the key goals for 2018/19 are a continuation of the above.

In terms of existing country plans:

The Nepal team have a massive challenge to kick off the Musahar projects (as do the fundraising team, to inspire donors to support our very significant match funding requirements for this wonderful project).

The Nigeria team are new to delivery on scale and need to show their ability to follow through on the major commitments made to over 23,000 children – and then to push forwards for as many as possible of the millions of other children whose lives have been turned upside down by Boko Haram. Maintaining and growing donor confidence will be vital.

In Sierra Leone, the team will push forward on many fronts, as ever. However the progression of the 1,000 village ‘Schools for Tomorrow’ concept from vision towards reality will be key.

For Street Child of Liberia, the work also remains varied but the next year of the Partnership Schools for Liberia project will be especially important.

Meanwhile, we will also look to make strong starts on our goal to serve the South Sudanese and Rohingya refugee populations in Uganda and Bangladesh respectively; and seek opportunities to develop our fledgling, presently volunteer-based, project in Sri Lanka, where we have also developed some strong relationships at Ministry and local Government- level.

Thematically, we will continue to look to develop our expertise, capacity and reputation in the fields of education/child protection in emergencies, girls’ education, street-connected and out of school children, and school quality, especially in rural areas.

We will continue to develop our expertise in supporting, and nurturing the development of, outstanding local organisations – in both humanitarian and development settings. In humanitarian situations in particular, we recognize that this, along with our experience in building holistic / inter-disciplinary programmes, represent distinguishing features of our work which are of great interest to donors and other actors. We will seek to increase the formalisation and sophistication of these approaches to strengthen our own outcomes and also to better share our work with other interested parties.

In addition, of course, we greatly look forward to the challenge and opportunity of managing, and integrating, Children in Crisis’s flagship projects in DR Congo and Afghanistan into Street Child programmes – as well as absorbing CiC’s heritage in Liberia

and Sierra Leone, and their pilot programme in Burundi. As has already been noted, one of the major attractions of CiC becoming part of Street Child was the opportunity to take forwards CiC’s footprints in DR Congo and Afghanistan, two environments that sadly chime very strongly with Street Child’s focus on the world’s toughest places and education in emergencies.

Children in Crisis programmes – Afghanistan and DR Congo

Whilst in recent years CiC had worked in Liberia and Sierra Leone, as well as making a start in Burundi, their flagship programmes have been in Afghanistan and DR Congo.

In Afghanistan, where CiC have historically delivered directly, work has focused on girls’ education, community-based learning, child protection and juvenile justice. The majority of CiC’s operations have been based around Kabul. Key donors have included UK-based and global philanthropists and many in-country sources, most notably UNICEF, the EU and the US Government. Active in Afghanistan for over 20 years unbroken, CiC is one of the UK’s longest-standing active NGOs in Afghanistan and boasts a proud history.

In DR Congo, CiC have nurtured a single partnership with a remarkable local NGO called EMI – operating exclusively in the Mid and High Plateau regions of war-torn South Kivu in Eastern DR Congo. Despite decades of chaos and constant disruption by various militia groups, EMI have managed to genuinely develop long-term educational infrastructure, culture and skills on the Plateau. Present operations are mainly funded by UK and European philanthropists, in particular Comic Relief.

Street Child hugely look forward to taking forward both these footprints in 2018/19 and beyond. All key live programmes will be vigorously maintained – and opportunities will be pro-actively sought to develop the country operations further by blending the unique approaches that have served Street Child so well in the past nine years (in particular scale, agility and ambition) with the qualities that have developed these programmes to date.

In sum, the programmatic challenge that lies before Street Child as it enters its tenth year is to deliver quality, and scale, for children that need us, in up to ten different countries – a tally that stood at one, just Sierra Leone, only five years ago.

X FINANCIAL COMMENTARY

Street Child’s financial performance in 2017/18 is hugely encouraging. Whilst overall fundraising costs (£743k) were slightly reduced against 16/17 (£805) -

• Unrestricted income jumped from £1.7m in the previous year to £2.1m in 17/18;

• Fresh funds secured by the ‘whole Street Child group’, including total contract value of new multi-year contracts jumped from £7m to £11.2m – a new high. (Described in greater detail in the finance section below; £10.1m raised into Street Child UK, £1.1m into independent Street Child charities: US, EU, Sierra Leone, Liberia).

Donor analysis

Fresh funds secured in 2017/18 by the ‘whole Street Child group’ were secured from the following sources:

• DFID - £4.9m o 3rd UK Aid Match grant for Sierra Leone, multi-year o UK Aid Direct grant for Nepal, multi-year o Girls’ Education Challenge grant for Nepal, multi-year o Emergency grant for Freetown mudslide work

• UN & other programme funding - £2.5m o 3 United Nations grants for Nigeria o 1 United Nations grant for Nepal o 3 grants from different sources for Liberia o Emergency grants from multiple sources for Freetown mudslide work

• Trusts & Foundations - £2.17m

• Public fundraising - £1.6m

The overall volume of funds raised is obviously hugely pleasing - and, as has already been noted, is a record high, by over 50%. Further, each of the individual categories also raised record sums (with the exception of public fundraising, which was beaten only by the 2013- 15 16-month period which also included the Ebola crisis). It is also encouraging to observe that the charity has four distinctive income areas, neither dependent on the other, giving a healthy diversity and robustness. The one area of mild caution in these figures is the comparatively low proportion of unrestricted income generated. Street Child’s target is for unrestricted funds to represent 30% of overall funds generated – in this period, unrestricted or flexible income totalled £2.4m (100% of the £1.6m public fundraising plus £800k of trusts income) which equates to 22% of total funds raised. For Street Child to fully maximise its restricted income generation potential, safely, it needs to continue to develop its unrestricted income generation. The charity would like to especially thank all donors and supporters who entrusted the charity with flexible or unrestricted gifts – they are vital to innovation, responsiveness and under-pinning the quality, and identity, of our work.

Funds raised by all SC-entities in 2017/18, including full value of all multi-year contract – date funds will be received, by donor type.

Funds Funds to be Funds to be Funds to be TOTAL received received in received in received in in 17/18 18/19 19/20 20/21+ DFID grants to £0.2 £1.5m £1.8m £1.4m £4.90m Street Child UN & other in- £0.7m £1.8m - - £2.5m country grants Global Trusts & £1.75m £0.45m - - £2.2m Foundations Global Public £1.6 - - - £1.60 fundraising TOTAL £4.25m £3.75m £1.8m £1.4m £11.2m

By country analysis

Funds were raised for the following countries

• Nepal - £4.1m • Sierra Leone - £2.6m • Liberia - £0.6m • Nigeria - £1.9m • Unspecified - £2m

The leap in Street Child’s fundraising performance is predominantly explained by the significant success of the Nepal team in successfully transitioning from a purely humanitarian operation to a development footing, securing significant grants from both DFID’s UK Aid Direct and Girl’s Education Challenge funds; and the successful commencement of the North East Nigeria emergency operation. Meanwhile funds raised for Street Child’s traditional core work in Sierra Leone and Liberia were stable.

These income generating successes create match-funding requirements which should not be underestimated (at £1.1m combined for the 2 multi-year Nepal programmes). However they are enormously encouraging in terms of indicating a growing donor confidence in Street Child. It is also very satisfying to note a fundraising return on investment of better than 15:1 (£11.2m secured versus fundraising costs of £743k). For every unrestricted pound spent on fundraising, three unrestricted pounds were raised, and twelve restricted pounds.

The trustees are also delighted to confirm that, after generating a six-figure unrestricted surplus for the second year in a row, year-end unrestricted reserves sit at £644k – which is towards the upper of the designated range of three to six months core costs (at £125k p/month). Having achieved this level, it is the organisation’s firm intention to maintain an appropriate level of reserve to ensure this rapidly developing charity has the financial base it needs to confidently go forwards. 44

XI FINAL WORD – FROM THE CEO & FOUNDER

It has been another eventful and purposeful year in the life of Street Child. Much has been achieved in the year itself – but one of the most exciting parts of the year’s work, from a forward-looking perspective is how much of 2017/18’s year has been about strengthening our platform for the future. Specifically, it is great to reflect on:

• The enormous potential as we integrate Children in Crisis into Street Child

• The volume of future funds that are already secured for future years, especially in Nepal and Sierra Leone

• The charity’s strongest ever end of year financial position with robust unrestricted reserves and cash levels

• The charity’s highest level of donor confidence – across all sectors: key institutional donors (e.g. DFID, UN), trusts and philanthropists, and the public

• The demonstrable ability to launch exciting, bold new initiatives (e.g. Nigeria) whilst still progressing existing work (e.g. Nepal, SL, Liberia)

• A pipeline of major initiatives which the charity is committed to taking forwards in 2018/19 and beyond: refugee education for the South Sudanese in Uganda and Rohingya in Bangladesh; the ‘Schools for Tomorrow’ 1000-village project in Sierra Leone, and many more

• A strong, highly committed senior management group with diverse talents and perspectives, the majority of whom have grown the charity together for 7+ years

• A distinctive and tightening vision that is increasingly being more clearly articulated and understood – around ‘standing up for the rights of children, in particular to education, in the world’s toughest places’

Despite, or perhaps especially because of all the above, complacency is zero. Street Child still remains a very young agency, not yet ten years old, and we have to continue to fight with all our imagination, energy and perseverance to go forwards and realize our vision for children. We undertake to work as hard as possible to achieve our aim.

So much of what we have built, and in particular what we might build and achieve, is thanks to you, our supporters and partners. We are hugely grateful for all your gifts, encouragement and support this year and in all previous years. Thank you! It is our great hope that you are uplifted by what you have read in these pages, and might be excited to keep walking with us. But most of all, thank you – because without you, none of it would be possible

Yours sincerely,

Tom Dannatt 45

STREET CHILD COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF STREET CHILD

Opinion We have audited the financial statements of Street Child (the ‘ parent charitable company ’) and subsidiaries (the 'group') for the year ended 31 March 2018 which comprise and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements: - give a true and fair view of the state of the group's and parent charitable company's affairs as at 31 March 2018 and of its incoming resources and application of resources, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act 2011.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements s ection of our report. We are independent of the group and parent char i t able company in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where: - the T rustees' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or - the Trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the group's or parent charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.

Other information The Trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

- 47 - STREET CHILD COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF STREET CHILD

Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit: - the information given in the trustees' Report, which includes the d irectors’ r eport prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and - the d irectors’ r eport included within the T rustees' R eport has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the d irectors’ r eport included within the trustees' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of trustees' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or - the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the trustees' r eport and from the requirement to prepare a s trategic r eport.

Responsibilities of Trustees As explained more fully in the s tatement of trustees' r esponsibilities, the Trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements We have been appointed auditor under the Companies Act 2006 and section 151 of the Charities Act 2011 and report in accordance with those Acts.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

- 48 -

STREET CHILD COMPANY LIMITED BY GUARANTEE GROUP STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2018

Unrestricted Restricted Total Total funds funds 2018 2017 Notes £ £ £ £ Income from: Donations and legacies 3 2,085,416 1,908,035 3,993,451 3,779,223 Other trading activities 4 55,865 - 55,865 65,091 Investments 5 - - - 10,000

Total income 2,141,281 1,908,035 4,049,316 3,854,314

Expenditure on: Raising funds 6 743,098 - 743,098 805,521

Charitable activities 7 933,670 1,550,817 2,484,487 2,810,566

Other 12,060 - 12,060 79,924

Total resources expended 1,688,828 1,550,817 3,239,645 3,696,011

Net income for the year/ Net movement in funds 452,453 357,218 809,671 158,303

Fund balances at 1 April 2017 192,468 283,110 475,578 317,275

Fund balances at 31 March 2018 644,921 640,328 1,285,249 475,578

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

- 50 -

STREET CHILD COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2018

2018 2017 Notes £ £ £ £

Cash flows from operating activities Cash generated from operations 21 860,491 224,653

Investing activities Interest received - 10,000

Net cash (used in)/generated from investing activities - 10,000

Net cash used in financing activities - -

Net increase in cash and cash equivalents 860,491 234,653

Cash and cash equivalents at beginning of year 264,778 30,125

Cash and cash equivalents at end of year 1,125,269 264,778

- 53 - STREET CHILD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

1 Accounting policies

Charity information Street Child is a private company limited by guarantee incorporated in England and Wales. The registered office is 206-208 Stewart's Road, London, SW8 4UB.

1.1 Accounting convention The financial statements have been prepared in accordance with the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The accounts are prepared in sterling , which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.

The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Incoming resources Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Donations, legacies and other forms of voluntary income are recognised as incoming resources when received by the charity. All income is shown gross, with associated costs analysed under the relevant cost headings.

- 54 - STREET CHILD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2018

1 Accounting policies (Continued)

1.5 Resources expended Resources expended are recognised in the period in which they are incurred. Resources expended are allocated to the particular activity where the cost relates directly to that activity.

Value added tax is not recoverable by the charity and as such is included in the relevant costs in the Statement of financial activities.

1.6 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7 Financial instruments The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

- 55 - STREET CHILD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2018

1 Accounting policies (Continued)

1.8 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9 Leases

Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease.

1.10 Foreign exchange Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in net income/(expenditure) for the period.

1.11 Basis of Consolidation The financial statements consolidate the results of Street Child and it's wholly-owned subsidiar ies Sierra Leone Marathon Limited and Street Child of Nigeria on a line by line basis.

A sep a rate statement of the financial activities and Income & Expenditure accounts are not presented for the charity itself following the exemptions permitted by section 408 of the Companies Act 2006 and paragraph 397 of the SORP. The total incoming resources for the charity for the period ended 3 1 March 201 8 were £3,690,484 (2017 £ 3,789,224 ) with the positive movements in funds being £626,778 (2017 £201,652).

- 56 - STREET CHILD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2018

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Impairment of debtors The company makes an estimate of the recoverable value o f other debtors. When assessing impairment of other debtors, management considers factors including the current credit rating of the debtor, the ageing proﬁle of debtors and historical experience.

Income recognition Income from grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

3 Donations and legacies Unrestricted Restricted Total Total funds funds 2018 2017

£ £ £ £

Donations and gifts 1,802,221 1,908,035 3,710,256 3,604,134 Donated goods and services 283,195 - 283,195 175,089

For the year ended 31 March 2017 1,729,340 2,049,883 3,779,223

4 Other trading activities

Unrestricted Total funds

2018 2017 £ £

Trading activity income: Marathon Fees 55,865 65,091

- 57 - STREET CHILD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2018

5 Investments

Unrestricted Total funds

2018 2017 £ £

Interest receivable - 10,000

6 Raising funds

2018 2017

£ £

Fundraising and publicity Staging fundraising events 421,050 419,789 Other fundraising costs 41,777 45,820 Staff costs 252,796 241,138

Fundraising and publicity 715,623 706,747

Trading costs Support costs 27,475 98,774

743,098 805,521

7 Charitable activities

2018 2017 £ £

Staff costs 413,910 224,631 Other charitable expenditure 552,475 119,219

966,385 343,850

Grant funding of activities (see note 8) 1,518,102 2,403,759 Share of governance costs - 62,957

2,484,487 2,810,566

- 58 - STREET CHILD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2018

8 Grants payable

2018 2017 £ £

Grants to institutions: Street Child of Sierra Leone 610,419 865,204 Street Child of Liberia 387,936 219,879 Street Child of Nepal 362,077 1,289,049 Street Child of Nigeria 157,670 29,627

1,518,102 2,403,759

9 Auditor's remuneration

The analysis of auditor's remuneration is as follows: Fees payable to the Group 2018 2017 £ £

Audit of the annual accounts 12,060 10,500

Other services to the group - the accounts of the subsidiary 1,500 1,500

10 Trustees

None of the Trustees (or any persons connected with them) received any remuneration during the year .

- 59 - STREET CHILD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2018

11 Employees

Number of employees The average monthly number of employees during the year was: 2018 2017 Number Number

Fund Projects 35 33 Management and Administration 1 1

36 34

Employment costs 2018 2017 £ £

Wages and salaries 666,706 465,769

The number of employees whose annual remuneration was £60,000 or more were: 2018 2017 Number Number £80,000 - £90,000 1 1

12 Financial instruments 2018 2017 £ £ Carrying amount of financial assets Debt instruments measured at amortised cost 1,390,892 453,348

13 Debtors 2018 2017 £ £ GROUP Other debtors 265,623 188,570 Prepayments and accrued income 161,373 140,739

426,996 329,309

PARENT CHARITY Amounts due from subsidiary undertakings 79,217 121,458 Other debtors 247,051 188,570 Prepayments and accrued income 161,373 125,982

487,641 436,010

- 60 - STREET CHILD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2018

14 Creditors: amounts falling due within one year 2018 2017 £ £ GROUP Other taxation and social security 20,664 10,415 Accruals and deferred income 246,352 108,094

267,016 118,509

PARENT CHARITY Other taxation and social security 20,664 10,415 Accruals and deferred income 238,855 103,928

259,519 114,343

- 61 - STREET CHILD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2018

15 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Balance at Incoming Resources Balance at 1 April 2017 resources expended 31 March 2018 £ £ £ £

Partnership schools for Liberia - 225,436 (172,193) 53,243 Education for named children and post Ebola children's education 37,464 16,125 (48,593) 4,996 DIFID UK AID Match Liberia & Sierra Leone Programmes - 514,902 (511,621) 3,281 Effective learning for Children in Liberia - 19,962 - 19,962 Brick Factory Communities - 30,500 (30,500) - Building better opportunities in Brick Kiln projects - 20,004 - 20,004 Transitional learning centres in earthquake affected areas 245,646 150,929 (396,575) - Enable Vulnerable girls to transition ot secondary schools - 125,000 (93,000) 32,000 Post mud slides support - 28,215 (28,215) - SL DFID GAPF - Sierra Leone Programme - 13,905 (13,905) - Construction of WASH facilties for schools in Sierra Leone - 14,000 (14,000) - Improving the quality of education in Sierra Leone - 20,000 (6,803) 13,197 Scholarship Programme - 5,000 - 5,000 Sierra Leone Teenage pregnancies - 50,000 - 50,000 Integration of child protection pillars on existing education - 146,206 (71,462) 74,744 Nigeria CAF legacy- Protecting, educatiing and empowering - 98,080 (10,080) 88,000 Right to Learn - 274,679 (134,730) 139,949 Education in Emergency Curriculum - 75,188 (19,141) 56,047 Education for adolescent girls - 60,000 - 60,000 Access Education in Nigeria - 19,905 - 19,905

283,110 1,908,036 (1,550,818) 640,328

16 Analysis of net assets between funds Unrestricted Restricted Total Total Funds Funds 2018 2018 2018 2017 £ £ £ £ Fund balances at 31 March 2018 are represented by: Current assets/(liabilities) 644,921 640,328 1,285,249 475,578

644,921 640,328 1,285,249 475,578

- 62 - STREET CHILD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2018

17 Operating lease commitments At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2018 2017 £ £

Within one year 1,440 15,000 Between two and five years 700 -

2,140 15,000

18 Post Balance Sheet Events

On the 1 April 2018 Street Child became a director and sole member of Children in Crisis. The charity will be a subsidiary of Street Child in the year ended 31 March 2019.

19 Related party transactions

Remuneration of key management personnel The remuneration of key management personnel is as follows.

2018 2017 £ £

Aggregate compensation 82,492 84,000

N o guarantees have been given or received.

There is an outstanding payable of £45,000 due to key management personnel . This amount was accrued in the financial year 2016/2017 as part of the annual compensation payable of £84,000 Separately there is a professional service fee of £15,000 payable during the financial year 2017/2018 that was agreed at "an arm’s length agreement" for a key Management personnel's family member.

- 63 - STREET CHILD COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2018

20 Subsidiaries

Details of the charity's subsidiaries at 31 March 2018 are as follows:

Name of undertaking and registered Nature of business Class of % Held office address shareholding Direct Indirect

Sierra Leone Marathon 42-44 Management of Marathon Ordinary Limited Bishopsgate, London, EC2N 4AH 100.00 Street Child of Nigeria Suite B52, Charity Ordinary New Banex Plaza, Wuse 2, Abuja, Nigeria 100.00

21 Cash generated from operations 2018 2017 £ £

Surplus for the year 809,671 158,303

Adjustments for: Investment income recognised in statement of financial activities - (10,000)

Movements in working capital: (Increase)/decrease in debtors (97,687) 72,154 Increase in creditors 148,507 4,196

Cash generated from operations 860,491 224,653

- 64 - T: +44(0) 207 614 76 96 E: [email protected] www.street-child.co.uk Reg. Charity No: 1128536