STREET (UK) FOUNDATION

• ⚠

  Material uncertainty over going concern

  I have identified a matter of concern that needs to be duly considered when assessing the going concern position of the Charity and its subsidiary companies. As at the date of this report the Charity has adopted dormant status and each subsidiary company is in the process of solvent administration. In due course the solvent administration process will complete and the Charity will then be able to distribute its remaining unrestricted funds in accordance with the requirements of the Charity's governing document. The exact date on which the Charity can distribute its remaining funds is unknown and therefore this needs to be duly considered when assessing the Group's ability to continue as a going concern.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

BK Plus Limited

Audit opinion

Unaudited (audit-exempt)

Going concern

Material uncertainty disclosed

“I have identified a matter of concern that needs to be duly considered when assessing the going concern position of the Charity and its subsidiary companies. As at the date of this report the Charity has adopted dormant status and each subsidiary company is in the process of solvent administration. In due course the solvent administration process will complete and the Charity will then be able to distribute its remaining unrestricted funds in accordance with the requirements of the Charity's governing document. The exact date on which the Charity can distribute its remaining funds is unknown and therefore this needs to be duly considered when assessing the Group's ability to continue as a going concern.”

Group structure

1. STREET (UK) FOUNDATION · parent
   1. Street (UK) C.I.C. 100% · UK · ceased trading
   2. Street (UK) Services Limited 100% · UK · ceased trading
   3. Street UK Homes Limited · UK · ceased trading

Significant events

• “Cessation of charitable activities: the trustees decided to cease lending activities by means of an orderly and solvent wind-down. Lending activities were ceased by April 2023. The Charity's trading subsidiaries ceased activity shortly thereafter and advisers were engaged with the intention of the subsidiaries being placed into solvent administration, which eventually occurred in June 2024. Upon cessation of activities through its subsidiary companies the Charity effectively adopted dormant status while awaiting finalisation of the solvent liquidation of the subsidiary companies and the further receipt of any charitable funds.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.