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 li￿nsIng 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 terra￿S 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 fa￿de improvements and aC￿ss, which are supported by the
Trust.
Piccadilly has seen an increased number of fa￿de 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 Offi￿rS 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 LI￿nsing 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 con￿MS over the quality and management of rooftops and
any external terraceslbalconies, which may overlook adja￿nt 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 b￿n 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 enfOr￿Ment. 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 prepa￿d 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 con￿rn. 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 repla￿ment 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 foOl￿ayS of the
area, as well as main roads where poor air quality and noise pollution are negative factors.
Limited SUC￿sseS have been made on most new proposed and unacceptable sites, although
reduced numbers of tables and chairs and high-quality management condttions have been
Suc￿sSfUl.
The nightclub Aura, which the Trust together with The Metropolitan Police and The City of
Westminster was Suc￿sful 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 SerV￿eS. 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 repla￿ment 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 poli￿e$.
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 pla￿S 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 Gr￿n 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 b￿n 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 Su￿ssful 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 re￿iVed 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 re￿ptionS (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 ag￿ed 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 improve￿nts 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
foO￿aY 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 Je￿yn 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
fOO￿aY 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 (he￿after 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 bU1￿1ngS (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 con￿rn 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 balan￿S 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 reSoUr￿S 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 re￿1Vable.
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 incu￿ed 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 ne￿SSary 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 be￿een 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