Registered charity number 1079166 Registered company number 03886503 The St James's Conservation Trust Ltd (A charitable company limited by guarantee) Trustees, Report and Financial Statements for the year ended 31 December 2024
The St James's Conservation Trust Ltd Report and Financial Ststements Contents Page Report of the trustees 1-8 Legal and administrattve information Independent Examinevs report Statement of financial ath'vities 10 11 Balance sheet 12 Statement of cash flows 23 Notes forming part of the financial statements 14-17
The St James's Conservation Trust Ltd Trustees, Report for the year ended 31 December 2024 The Trustees present their report together with the independentty examined financial statements of the charity for the year ended 31 December 2024. The financial statements have been prepared in accordan with the accounting policies set out in note 1 to the accounts and comply with the Charits"es Act 2011, 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 Reports'ng Standard applicable in the UK and Republic of Ireland (FRS 102). Objects and activities The St James's Conservation Trust works closely wrth the City of Westminster and English Heritage to bring attention to specific, locally relevant planning and design issues that will impact the extraordinary area of St James's. St James's has one of the country's highest denstties of listed buildings of historic or architectural importan. It Is one of the most interesting, eclectic areas of London and includes the ancient Palace and the historic 17th century St. James's grid. However, the area is wttnessing a period of great change. The Trust, being a local, expert resource, plays a crucial role in monitoring and giving guidance regarding the preservation and development of such an archrtecturally important area and tying to prevent some of the damage that has been done in the past from being repeated. In resisting inappropriate new development proposals, the Trust always looks to initiate practical discussions with major landowners such as the Crown Estate as well as any independent developers and architects. The area of benefit is a specified area in St James's, London. In 2008, the Charity Commission consented to the slight extension of the charity's Area of Benefit eastwards to include the east side of Lower Regent Street (fomially renamed in 2014" Regent Street. St James's). The chanty's area now more faithfrjlly ft)Ilows the boundaries of historic St James's. The charity considers, with the help of advisers, planning and licensing applications relevant to the area and responds to these where this is considered appropriate. It also produces architectural studies, amenity surveys and a reformatted Newsletter in the ft)rm of a 16 page 'Review of the Yearf, also posted on the Trust's website" www.st"amestrust.o .uk The Trustees confirm they have complied with the duty in Section 4 of the Charities Act 2011 to have due regard to public benefft guidance published by the Chartty Commiggion. Achievements and perfomiance Planning and architectu The charity's main purpose is to promote high standards of planning and architecture and education about the historic St James's core area. During 2024, there were approximately 100 Planning, highways and linsIng applications reviewed and monitored by the Trusys advisors and Trustees for F()tential responses, including some controversial proposals. for which the Trust was consulted in advan by developer and project teams, including- No. 1 St. James's Square. consultations to rrEet objections from the Trust for the proposed re- purposed former BP HQ Building, with height increases. new frdGade treatment on retained structural frame and significantly larger extemal rooftop terraS outdoor space.
The St James's Conservation Trust Ltd Trustees, Report for the year ended 31 December 2024 The Rttz Hotel conkn'nuing extension improvements, supported by the Trust, and in progress to help in the hotel's viability, qualty and the realisation of Caesar Ritz's original symmetrical massing and craftsmanship. 103- 105 Jermyn Street (identtfied as a negative quality by the Cty Council Conservation Area Audit, approved by the Trust) planning proposals, supported by the Trust for transformed contemporary fapdes (and increased height) and interior improvements, from the existing low quality 1970s brickwork. 81 Jermyn Street- The 1960s Cavendish Hotel has made plans forfuture improvements inside and at ground level exterior fade improvements and aCss, which are supported by the Trust. Piccadilly has seen an increased number of fade retention and improvement applications and developments in progress of historic buildings including "The site of the {fomierl Egyptian House. supported by the Trust 10 Spring Gardens.. delayed by the complekn.on of Admiralty Arch improvement delays and sensitive security cordon measures. The proposed adaptations, (former British Council offices) are generally supported by the Trust, including major retrofftting of the existing offices of the existing 1970s building and improved accessibilty and a new entrance arcade. A new food and beverage ground floor use and alfresco dinning as part of an improved piazza area adjacent the Mall has change for the proposed Irish Embassy Administration office parts of the office repurposed. This is supported by the Trust as an amendment 64- 65 St James's Street. new proposed improvements and rooftop extension, terrace and new balconies- all of concern to the Trust and neighbouring properties. Objections were submitted and the Cty Council planning OffirS succeeded in securing a revised application with limited height increase. 50 St James's Street remains incomplete at the time of writing, much delayed although with pressure from the Trust. externally completed wth Listed faGade cleaning completed, although ground floor windows remain boarded. The ownerldeveloper has not opened or finished the interior works at time of writing Norfolk House, a very large site in St James's Square and Charles 11 Street. demolitions completed and major constructions continuing with the two key replacement replica brick fafjades completed. The interior of the site is not welcomed in Style and scale by the residents, adjacer]t views. Pall Mall continues to have new and refurbished developments along the north side and applications for adaptations of commercial, some that also have frontages to the Southeast comer of St James's Square, and which have been successfijlly integrated, and had been generally supported by the TrusL LInsing and planning use changes for Cigar Retail have been negotiated to stricter limits after objeth'ons by the Trust and 22 St. James's Square adjacent residents, associab'on. The Trust commissioned audit report, taunched in 2022, on the height increases and rooftop terra$ in St. James's, which makes recommendations and guidan to control inappropriate designs. Many applications have been made since, and some height increases proposed have taken notice of the Trust's concem, notably in the inclLÈsion of rooftop terrace Management Plans. It has continued to express conMS over the quality and management of rooftops and any external terraceslbalconies, which may overlook adjant residential or sensitive commercial or culturally significant properties and cause noise and disturt)ance at night.
The St James's Conservation Trust Ltd Trustees, Report for the year ended 31 December 2024 Signs, fiags and flagpole proposals continue on commercial premises in St James's Street have increased, and the Trust has successfully objected to these in several locations, where they breach City Council and Trust policies and principles. Public realm improvements. promoted, inappropriate or supported by the Trust include." Advan consultations with the Trust have bn disappoints'ng on a number of important actions by the introduction of shared bay e-scooter and e-Bike hires by Department of Transport, Transport for London and City Council's highways and planning departments. A special Trust report and objections to all the St. James's sites was not acknowledged for bays and their continuing customer abuse of the private operations, under-resourced agreement regulations and City Council enfOrMent. The Royal Parks have also consulted on changes in vehicle traffic management times on The Mall, which the Trust feels are also negative ft)r local residents. The Royal Parks have also prepad new policies of standards for all types of bikes for road improved safety measures. Businesses in the area which rely on service and deliveries, ease of public transport. taxis and other private vehicles and measures, that can increase congestion and access problems continue to conrn. The Trust has conb'nued to consult WFth the existing 3 Ward Councillors and the new Labour City Council administration on these matters. Related to public realm cost saving and reduced carbon use strategy, The City of Westminster Highways and Street Lighting prepared and approved in July 2020 a new street lighting masterplan which aimed to replao over 300 historic gas light sources with electric LED sources and replament lanterns across the Borough. The Trusys continuing campaign, with others in Westminster, objecting to the gas lighting change, has been partially successfvl and the City Council modified the strategy, retsining a few examples of the historic gas lighting in the area. The Trust's own. previously English Heritage (Historic England) and City Council supported project idea, as yet, unfunded, for siting near the new St James's Palace setting of a recreated ornamental 1880s gas light column, lost after WM. St James's Church and Churchyard improvements have now been granted planning approvals and remain a priority for the area, subject to funding and viability, including the repairs and improvements, including restoring a south door of the Sir Christopher Wren original, but lost d¢Jor. The Trust and The Crown Estate support the aim of improvements for the viable scheme of mixed uses for the community and new revenue for maintenance and management. Fundraising will hopefully be able to implement the project in phases for 2023-25. The St James's Square Trus( restored and improved gardens. railings, lighting and security. {supported by the St James's Conservation Trust who negotiated a £12,000 reduction in Westrninster City Council's proposed charges for parkn.ng suspensions to facilitate the works}. Regrettably, consultations and comments on the rapid-charging electric vehicle infrastructure at the St. James's Square West gateway were not acknowledged. making the site cluttered and reducing pedestn'an movement space. Similar concems and comments have been made to Transport for London in parthership with the City of Westminster for a six-month trial of e- Scooter hire parking bays in St. James's (subsequently trials and temporary traffic orders have been extended, without modifications and solutions needed, until November 2023 and continuing {together with possible power changes in June 2024 for e-Bikes). Two original trial sites in St. James's Street had been identified, and each was considered inappropriate practs'cally and visually: due to the slope of the sites, the setb'ngs of Listed buildings and the proposed additional street dutter of signs and bollardslcarriageway road paint markings. Unfortunately, the Trusfs comments in advance were not acknowledged, although the issues of negative impacts raised have all occurred as expected and the comments will again be put foMard as part of final reviews of the experiments proposed now in the period 2024 - 2030.
The St James's Conservation Trust Ltd Trustees, Report for the year ended 31 December 2024 Key licensing issues for continuing consideration by the Tmst." The Trust continues to object to tables and chairs areas, when potentially a negative impact on residential or commercial amenity arises, on the narrow streets, V*ith narrow foOlayS of the area, as well as main roads where poor air quality and noise pollution are negative factors. Limited SUCsseS have been made on most new proposed and unacceptable sites, although reduced numbers of tables and chairs and high-quality management condttions have been SucsSfUl. The nightclub Aura, which the Trust together with The Metropolitan Police and The City of Westminster was Sucsful in forang the closure of, due to criminal acts'vity and poor management several years ago. The Trust has opposed the St. James's Street °The Mistress of Mayfairf (north end) and the formerAvenue Restaurant: "Pirafia" (south end) as'vibe dining" use, without success at a Licensing Hearing. The Trust is concemed and monitors these reuses, t()th of which is not fett to be safe locaknons in the historic street with residents reporting disturbances due to extended hours to 3.30am. The Trust continues to monitor premises of nightclub character and past SEV applications. The Sexual Entertainment Venue ('shadO applications) licenses are a continuing concem. The Tnist has continued to commission Peter Heath, the now independent consultancy, Architect and Town Planner Advisor, for Special Projects SerVeS. he provided for 25 years by his Civic Design Partnership and after leaving AtknnsRéalis. The Westminster City Council's "Crty Plan. progress." This much shorter new replament document guiding planning policies for development across the Borough was about to have final formal adopb'on when the Covid-19 crisis arose and was followed by the change in the Council's Control at the last local election which has been reviewing a wide range of new issues, including improvements to consultation procedures, enforcement, equality and diversity matters and the planning and related polie$. Key City Council policies are continuing and new policies that the Trust finds generally supportable still include improving air quality, economic growth in the nght plaS and district wide public realm improvements. Policies which restore the quantty of small office accommodation, which had been declining across the Borough in total, due to national planning policies favouring conversion to housing, remain a concern of the Trust, which has generally sustained the area's small office accommodation, but has not yet restored a balan of adequate choice and quantity of residential accommodation. The?e land use mixture5 may all be reviewea in nats"onal, strategic, and local planning policies following the shift to homeworking for many Offi workers. Conversion and poor maintenance of conversion to offfice or commercial accommodation remains one of the most signtficant risks to important Listed buildings, originally built as grand single-family houses in the area. The Trust has conts'nued to support English Heritage (now Historic England) in recommending. with examples, that the important historic buildings (if residential) are best restored to their original uses (most recently still in progress." such as 1 Carlton House Terrace), for long term care. st James s Neighbourhood Plan pmgress." The much-delayed draft plan by the first planning consultants, first completed in 2019 and has been revised and updated in 2021-22123. The pro$$ has still been subject to inadequate funding but final consulting stages towards referendum and adoption (now earliest Autumn 202412025) as a statutory policy document. The limited funds of the Neighbourhood Forum and resources of its members {all voluntary) have been a delaying issue in commissioning consultants, needed for stakeholder consultab'on and report stages. The Chairman and Steertng Group of the Neighbourhood Forum has secured renewal of the area's designation with the City Council, due to the delays in progress since establishment in 2015. New funding from local landowners, stakeholders and businesses as well as local Ward funding applications continue in progress.
The St James's Conservation Trust Ltd Trustees, Report for the year ended 31 December 2024 Publ highwaypaving. street lighting and street clutter Public realm projects where paving is improved have generally been related to development sites. They have mainly been undertaken in partnership by the City Council's planning and highways teams with private sector interests including landowners, businesses, local organisations and the Trust and other charitable foundations, donations and grants. The main areas of improvement planned or promoted by the Trust are for 2024-26. HOLBA and The Crown Estate continue to aim for improvements of road safety measures, quality paving, linknng up parts of "The Grn Park [Underground Stationl Gateway" Piccadilly, Arlington Street, Bennet Street. Regent Street. St. James's, Waterloo Place the East side of St James's Street, St James's Pala island seth'ngs with ftjrther improvements, St James's Square outer footwayslfive road JunctFons, revised approaches to siti'ng of electric vehicle charging pointslproduct designs for safety and minimising street clutter with all opportunities to replace poor quality paving with natural stone. Sadly, Norfolk House developers, frontages have installed concrete flagstones where York Stone should have bn specrfied by planning and highways conditions the Trust has always promoted in guidan for restoring tradrtional quality. Law and order and public demonstrations, marthes. vagrancy. and am8nty issues.. The Trust's Study.. Events and Activities had highlighted the scale and many of the issues arising, which during the 2020-21 pandemic had been largely hatted. Ceremonial State events in 2022123124 and future potential protest marches may mean Vigilan will still be needed to ensure no negative impact on the historic character and residential amenity of the area. Action to control and enforce safety on St. James's Streets and at Watedoo Place which had been abused by Boy Racers supercars and motorbikes, has been relatively Sussful by the coordination of Traffic Police and the City Council with "audio camera. surveillance and enforcement. Filming and sport related (London Marathon) and celebrations (London Pride) through St James's includes road closures, litter and some vandalism and damage. The Trust, however, supports well organised and well managed events (including a restsrt of the St. James's Square Fundraising Garden Party (2023) and for every 2 years, that lead to increased appreciation of the area, together with the forthcoming 300th anntversary of the1725126 Act for St. James's Square). Westminster and the West End area of the Borough has continued to have very high levels, relative to other boroughslats"es, for antiswial behaviourn)egginglhomelesslrough sleepers (which reduced during the pandemic lockdowns due to Government actions) and petty crime, pickpocketinglhandbag theft etc. on street incidents and violen. Of the central Westminster area, St James's has been relatively safer on these types of crimes. Financial review The charity reiVed grants and donatlons totalling £51,175 dunng the year (2023.. £18,100). Donations were received from 34 donors (2023.. 15 donors). Gift Aid recoverable on donations received in the year was £2,750 (2023. £Nil). Expenditure on charitable actFVities totalled £32,473 for the year {2023." £34,090). In addition to the above, in 2023 £87,035 of income raised from the biennial SummerGarden Party, with £62,148 of related expenditure, resulting in a surplus from the Paty of £24,887. In total, the charity generated net income for the year of £22,758 (2023 £10,866) and carried forward reserves at 31 December 2024 of £174,498 {2023. £151.740). Principal funding sources The charity relies on grants and donations from individuals, commercial organisations and other Trusts. A ftjll list of grants and donations received is given in Note 2 to the accounts. The charity appeals to its supporters for funds by means of letters. its reptionS (at no cost to the charity) and (since 2012) the yearly "Review of the Yearf newsletters.
The St James's Conservation Trust Ltd Trustees, Report for the year ended 31 December 2024 Investmentpolicy The charity's Memorandum of Association does not confer any specific rights or restrictions on us as trustees in respect of invests'ng its funds. The funds received by the charity during the year under review were not sufficient to justify separate investrnent. other than to be placed on deposit with the charity's bankers. Reserves policy The Trustees have aged to maintsin a reserve of at least six months, worth of expendtture, which equates to approximately £17,000. At 31 December 2024. the charity held free, unrestricted reserves of £174,498. Future plans The charity continued in 2024 to carry out ts tasks as outiined in its charitable purposes, particularly in the promoting of high stsndards of planning and architecture and education of the heritage in, or affecting, the area of benefit. In addition. the charity is involved in many conts'nuing initiatives for enhancing the amenity of the residents. visitors, and workers in the area. These are: St James's Church and Churchyard improvements.. The Trust continues to support plans wtth new and replacement buildings and landscapes to provide more accessible, better connections and viable new facilities and venue for the rna1ntenan and future of the historrc site and features. St James's Square.. further improvents proposed originally for the five street junctions," improved safety and outer perimeter parking arrangements, which may be funded as part of the controversial No. 1 SL James's Square development rf consented. Arlington Street and Bennet Street improvements.. with funding via HOLBA'S promotion these streets could be improved in phases, following the very large. high quality Ritz Extension works. progressing on site with the support of The St. James's Conservation Trust. Further improvements at Waterloo Pla {possible further traffic management and reduced parking, in pla of widened footsvays etc.) and St James's Palao Island (gas light restoration possible biodiversity improvements and planting), and maintenance and management are ali desirable and planned with City Council and landowner partnership agreements and fvnding, yet to be Gonfinned. Public realm integrated security high design quality measures (for regular Guard Change) in Marlborough Road (a new gate system. replacing unsightly temporary measures) with public realm improvement have been completed in 2024 in phases, as part of the Royal Parks safety cordons. Further sites on The Mall, Great George Street and Spring Gardens were all completed in 2024 in time ft)r the complex State Ceremonials. The more attracts've permanent solutions repla temporary, unattractive and inefficient measures, with locally improved paving and public realm. Piccadilly South side". improvements, parbcularly with integrated high quality permanent foOaY widening along frontage of St James's Church and opposite Burlington House, may be reconsidered as part of The HOLBA Piccadilly proposals, in partnership with The Crown Estate (principal landowner and developer), following award-winning works at the BAFTA building, Piccadilly South side and future works on a new building at the comer of Swallow Place. Bond Street. integrated improvements with junctions to St James's Street and Jeyn Street were not possible in the budget for Bond Street and may be reconsidered as part of any new HOLBA Piccadilly project and as traffic management systems are re-evaluated.
The St James's Conservation Trust Ltd Trustees, Report for the year ended 31 December 2024 St James's Street". complets'on of phased improvements to paving in natural stone and local fOOaY widening and junction improvements, to link up parts on the East and West sides, will require new partnership funding from businesses and landowners on the West side in future years, with the possibility of some funding from controversial developments on the west side. Structure, governance and management arrangements Goveming document The organisation is a charitable company (heafter referred to as 'the charity"), established on 30 November 1999 and registered as a charity on 29 January 2000. The charty was established under a Memorandum. and Articles of Associats"on. which established the objects and powers of the charity and under which it is governed. The charitable company is registered in England. is limited by guarantee. and has no share capital. The liability of members is limrted to £1 per member in the event of a winding up. Management and govemance affangements The directors of the charitable company are rts trustees for the purpose of charity law and throughout this report are collectively referred to as the Tnjstees. The Articles of Association provide for a minimum of three trustees and no maximum. The charity currently has a complement of sixt&n trustees. Trustees are elected at the annual general meeting of the charity (following recomffEndats"on by the incumbent trustees) and interim vacancies may be filled by the trustees to hold Offi until the following annual general meeting. Trustees are recommended for election on the basis of their extensive knowledge of the charity's area of benefit. New trustees receive a thorough briefing about the objectives and achievements of the charity. Partner organisations The Crown Estate. The area occupied by The Crown Estate's St James's Estate has increased to approximately haff the land area and bounded within the charity's °Area of Benefif and subject to change, for example by propety acquisits'ons. The Crown Estste has already invested over £500 million in the enhancement of its bU11ngS (mainly in Jermyn Street and St James's Market areas which will ontinue in further phase Southward) and public realm at Jermyn Streevst James's Street and the Pala forecourt areas) in St James's and a symbiosis exists between the two organisations, particularly related to the quality of architecture in new and refurbished redevelopment of buildings, streets and spaces. St James's Square Trust. This private organisation, created by the 18th century Act of Parliament (300th anniversary approaching in 2025126) is responsible, via annual funding from the principal frontager interests, for the maintenance and management of the St James's Square Gardens and boundary railings, up to the back edge of the City of Westminsterfs public highway. The St James's Conservation Trust has regular contact wrth the St James's Square Trust on matters of mutual interest and support, including, the three Fundraising Garden Parties in the Square (and hosted in summer 2023) the restorats'on and improvement of boundary railings and security matters for the garden square. The Mayfair and St James's Residents. Assoclation, The Heart of London Business Alliance. The Jermyn Street Association, The Westminster (Amenity) Society. the local police and The City of Westminster, remain amongst the many other key partners for The St James's Conservation Trust in achieving progress in meeting tts Charitable objects.ves in protecting and enhancing historic St James's.
The St James's Conservation Trust Ltd Trustees, Report for the year ended 31 December 2024 Trustees, responsibilities in relation to the financial statements Chanty law requires the trustees to prepare financial statements for each financial period which show a true and fair view of the state of affairs of the charity and of its financial activities for that period. In preparing those financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently; make judgements and estimates that a reasonable and prudent. observe the methods and principles of the Charities, SORP, Accounting and Reporting by Charities., state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departure disclosed and explained in the financial statements,. and prepare the financial statements on the going conrn basis unless it is inappropriate to assume that the charity will continue on that basis. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. Small company provisions This report has been prepared in a(xordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies, regime. This report was approved by the board of trustees on 3 September 2025 and signed on its behalf. Love Director and Trustee
The St James's Conservation Trust Ltd Legal and Administrative Infomiation Charity name.. The St James's Conservab'on Trust Ltd Chanty registration number. 1079166 Company registrats'on number. 03886503 Contact address Clo FJM Accountancy 23 Shackleton Court 2 Maritime Quay London E14 3QF President The Earl of Snowdon Patrons Lady Olga Mattland John C Beveridge QC Baroness Hooper CMG Directors and Trustees A M Love FCA (Chair) V Chichester (Deputy Chair) N J Turner J Vaughan A C Hobhouse C H Whittall D K Nadar Directors and Trustees (continued) R F H Sharpley MA FRICS M L Borthwick MPJLOW MWEWadeCBE C M Fenwick MBE G W S Ashton C A Georgiadis (appointed 5 June 2024) Registered Office 23 Shackleton Court 2 Maritime Quay London E14 3QF Company Secretary FJM Accountancy Limited Planning Consultants Peter Heath Rl 8A MRTPI Civic Design Partnership Limited Dove Barn The Street Blo Norton Diss Norfolk IP22 2JB Independent Examiner Frank J M¢Dowell FMAAT FJM Accountsncy Limited 23 Shackleton Court 2 Maritime Quay London E14 3QF Bankers Coutts & Co 440 Strand London WC2R OQS
Independent examinerfs report to the trustees of The St James's Conservation Trust charitable company (the Company) I report to the charty trustees on my examination of the accounts of the Company for the year ended 31 December 2024. Responsibilities and basis of report As the charity's trustees of the Company {and also ts directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examinats'on. I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charits'es Act 2011 ('the 2011 ACY). In carying out my examinatson I have followed the Directions given by the Charity Commission under sectson 145(5) (b) of the 2011 Act. Independent examinerfs statement I have completed my examination. I confirm that no matters h¥rfe come to my attention in connection with the examination giving me cause to believe that in any matenal respect: accounting records were not kept in respect of the Company as required by section 386 of the 2006 the accounts do not accord with those records,. or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and faiff view which is not a matter considered as part of an independent examinab'on.. or the accounts have not been prepared in accordan with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to chartties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection viith the examinats'on to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Frank J McDowell FMAAT FJM Accountancy Limited 23 Shackleton Court 2 Maritime Quay London E14 3QF Date: 3 September 202 10
The St James's Conservation Trust Ltd Statement of Financial Activities (incorporating Income and Expenditure Account) for the year ended 31 December 2024 2024 General funds 2023 General funds Notes Income Grants and donations 53,925 18,100 Fundraising 87,035 Investment income 2,240 1,969 Total income 56,165 107,104 Expenditure Cost of generating funds 934 62,148 Expenditure on charitable activities Preservation of the built environment 32,473 34,090 Total expenditure 33,407 96,238 Net income for the year 22,758 10,866 Reconciliation of funds: Fund balanS at 1 January 2024 151.740 140,874 Fund balances at 31 December 2024 11 174.498 151.740 The statement of financial activities includes all gains or losses for the year. All income and expenditure derives from conts'nuing acttvib'es. 11
The St James's Conservation Trust Ltd Registered Number: 03886503 Balance Sheet as at 31 December 2024 Notes 2024 2023 Current assets Debtors Cash at bank and in hand 3,157 190,448 439 165,359 193,605 165,798 Creditors: amounts falling due within one year 19,107 14,058 Net current assets 174,498 151,740 Net assets 10 174,498 151,740 The funds of the charity: 11 Unrestricted income funds 174,498 151,740 Totsl funds 174,498 151,740 The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that members have not required the company to obtain an audit in accordance with section 476 of the Art The directors acknowledge their responsibilities for oomplying with the requirements of the Companies Act 2006 with respect to accountj'ng records and the preparats'on of accounts. The accounts have been prepared in accordan with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. The Inancial statements were approved by the trustees on 3 September 2025. A MLove ---rfirector and Trustee 12
The St James's Conservation Trust Ltd ststement of Cash Flows for the year ended 31 December 2024 2024 2023 Net cash used in operating activities: Net movement in funds 22,758 10,866 Increase in debtors Increasel(decrease) in creditors (2,718) 5.049 (19,002} Change in cash and cash equivalents in the year 25,089 (8,136) Cash and cash equivalents brought forward 165,359 173,495 Cash and cash equivalents carried forward 190,448 165,359 13
The St James's Conservation Trust Ltd Notes to the Accounts for the year ended 31 December 2024 l Accounting policies The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the previous year. Basis of accounting The accounts (financial statements) have been prepared under the historical cost convents'on with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reports'ng Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charits'es Act 2011 and the Companies Act 2006. Fund accounting Restricted grants and donations are available for the charitys use onty in accordance with the terms under which, and for the purposes which, the fijnds were donated to the charty. Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity- Income recognition All incoming reSoUrS are included in the statement of financial acbwttes when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.. Grants and donations are included in full in the statement of financial acttvities when re1Vable. Legacies are accounted ft)r as income either upon r*ipt or where the receipt of the legacy is probable. Investment income is induded when receivable. Expenditure recognition Expenditure is recognised on an accrual basis as a liabilty is incurred. Where expenditure includes VAT which can only be partially recovered, the irrecoverable VAT is reported as part of the expenditure to which it relates. Costs of generating funds comprise the costs assoclated with attracting voluntsry income. Charitable expenditure comprises those costs incued by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such acts'vits'es and those costs of an indirect nature neSSary to support them. Governance costs include those costs associated with meeting the constitutr'onal and statutory requirements of the charity and include the independent examination fees and costs linked to the strategic management of the charity. All costs are allocated beeen the expenditure categories of the statement of financial ackn'vities on a basis designed to reflect the use of the resour. Costs relab'ng to a parb'cular actrvity are allocated directly, others are apportioned on an appropriate basis e.g. estimated usage. as set out in Note 5. 14
The St James's Conservation Trust Ltd Notes to the Accounts for the year ended 31 December 2024 2 Grants and donations received 2024 General funds 2023 General funds Appian Capital Advisory LLP Beacon Rock Limited Donations from film and TV production companies Ritz Hotel CMF Charitable Trust Gift Aid Amiy & Navy Club Royal Automobile Club Reform Club Artemis Investment Management Boodles The St James's Square Trust AMLove Dukes Hotel Sladmore Gallery Limited Stonehage Fleming The Amjad & Suha Bseisu Foundats"on Turf Club Brooks's Club East India Club Emma Willis Limited Royal Ocean Racing Club The Stafford Hotel Drapers Charitable Fund Martyn Gregory Others Fortnum & Mason Lenore England 10,000 10,000 5,325 5,000 3,000 2,750 2,000 2,000 1,200 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1.000 750 600 500 500 500 400 200 200 3,250 5,000 1,200 1,000 1,000 1,000 200 200 5,000 250 53,925 18,100 3 Fundraising 2024 2023 Income - biennial summer garden party Sponsorship Ticket sales Other paty income 48,075 35,065 3,895 Total income 87,035 Costs 62,148 Surplus 24,887 Other fundraising costs 934 15
The St James's Conservation Trust Ltd Notes to the Accounts for the year ended 31 December 2024 4 Resources expended Preservation of built environment and character Governance 2024 Total 2023 Total Basis of allocation Costs directly allocated to activities Legal and professional fees Direct 444 23,388 27,444 Support costs allocated to activities Website maintenance and hosts'ng Usage Other expenses Usage Accountancy fees Usage Secretarial services Usage 935 69 3,150 2,438 935 1,671 3.750 2.729 438 565 3,600 2,043 1,602 600 291 Total resources expended 29,536 2,937 32,473 34,090 Net income for the year 2024 2023 This is stated after charging.. Independent examinab'on fees 600 600 6 Trustee remuneration and expenses No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year or the preceding year. The charity considers its key management personnel comprise the trustees. The total employment benefits of the key management personnel were therefore £Nil (2023.. £Nil) The Trust has no staff. Two trustees made donations to the chanty in the year totslling £4.000 (2023: Nil). 7 Taxation As a registered charity. The St James's Conservab'on Trust Ltd is exempt from tax on income and gains falling within Part 11 of the Corporation Tax Act 2010 to the extent that these are applied to ts charitable objects. No tax charges have arisen in the charwty. The charity is registered for Gift Atd with HM Revenue & Customs under reference number XR49084. 16
The St James's Conservation Trust Ltd Notes to the Accounts for the year ended 31 December 2024 8 Debtors 2024 2023 Gift Aid recoverable Prepaid expenses 2,750 407 439 3,157 439 9 Creditors: amounts falling due within one year 2024 2023 Grants payable Accrued expenses 12,500 6,607 12,500 1,558 19,107 14,058 10 Analysis of net assets between funds 2024 General funds 2023 General funds Current assets 193,605 165,798 Current liabilities (19,107) (14,058) 174,498 151,740 11 Movement in funds 2024 General funds 2023 General funds At 1 January 151,740 140,874 Income 56.165 107,104 Expenditure (33,407) (96,238) At 31 December 174,498 151,740 17