ST GILES-IN-THE-FIELDS AND
WILLIAM SHELTON
EDUCATIONAL CHARITY
CHARrrY REGISTRATION NUMBER: 1111907
ACCOUNTS FOR THE YEAR ENDED
31ST DECEMBER 2022

Page I
REFERENCE AND ADMINisfRATIVE DEfAILS
St Giles-in-th*Fidd5 and William ￿elton Educational (harity {the"Chari￿ is a Registered Charity
NO 1111907 and Is govemed by a sole corporate Trustee. This is St Giles-in-the-￿elds and William
Shelton Educational Trustee Limited (company nwnber 11325502) (the Ynjstee?.
The Directors of the Trustee are:
Revd T Sander
Revd D Peebles
Ms H Roden
MrOHory
Mr H Robinson
Ms N Wilson
Revd J Pearson-Hicks
Ms J Hannon
Rector of St GIles-in-the-￿eIts
Rector of St George's, Bloomsbury
Churchwarden of St George s, Bl(MJm5bury
urchwarden of St Giles-in-thtrFidds
(R*appoirted 5 July 2022)
Officer:
Chalmian
Clerk to Trustee
Revd T Sander (appolrted 8 February 2022)
Ms H Capper
Professlonal Advlsers:
Bankers:
C Hoare & Co
37 Fleet Street
L￿don EC4P 4DQ
Unlty Trust Bank
Nine Brindleyplace
Blrnilngham Bl 2HB
Investment Managers:
Towers Watson Investsment Management Llmited
21 Tothlll Street
London
SWIH 9LL
Reglstered Audltoys:
Knox Cropper LLP
65 Leadenhall Street
London
EC3A 2AD
Sollcitor
RLS Law
Prlndpal Offlce Address:
clo St ￿leS Churd)
60 St Giles High Street
London
WC2H 8LG

Page 2
ljk
THE TR
EMBER 2
The Trustee submits its report ￿ accounts tr the year ended 31* Decanber 2022.
srRucfuRE GOVERNANCE AND MANAGEMEKr
St Glles-in-the-Fields and Wlllam Shelton Educattonal Charlty Is a Registered Charity
{NQ 1111907). It was set up by a scheme of the Charlty Commlsslon dated ioth August 2005.
This consdidated two former charities:
Wllllam she￿On'$ Educatlonal F￿ndatIOn (founded 1672)
St Giles and 81oomsbury Education Foundats'on (origins in St Glles Charity School founded
1705).
The Charity has a sole corporate truth- St Giles-Irrthe-Flelds and Willlam Shethn Educatlonal
Trustee Ltd.
The ￿rettOrs of the Trustee comprfse four ex.offldo Dlrectors (the Rectors and one
Churchwarden from St Glles-1n-thtr￿elds and St George, Bloomsbury) and up to four ctropted
Dlrectors are appjinted by the Directors for a perfod of years (after which they can
be r&appolnted).
The (tharlty has adopted a recruitmenL selectlon and Inductton pollcy for ne￿ Directors of the
Trustee. New Directors may be sought by open advertisement or through open dialogue with
relevant organlsatlons. All potential Directors are approprlately vetted and on appointment new
Dlrettors slgn a model declaration ststement committing them to givlng thelr time and their
expert(se.
New Directors are provlded wth a file, bthlch Indudes a copy of the governlng documen¢ a
copy of the latest annual accounts and a copy of CC3 The Essential Trustee publlshed by the
Charlty Commission. They a￿ Inltlally supported by the Chair arml are encouraged to attend
relevant training courses.
All Directors glve theSr tlme fr￿1 and no remuneration was paid during the year. Details of
Directors expenses and related paty transattions are disdosed later in Notes 4 and 15 to the
accounts. Direttors are required to dlsclose all relevant interests and register them wlth the
aerk and in accordance with the Charitvs poiiq to withdraw from deasions where a conflltt of
Interest arises.
The Dtrectors of the Trustee meet quarterly to agree the broad strategy areas of artivty for the
Charity, including c(￿sideration of grant making* inve5tmen¢ reserves and risk management
policies and performance. Ad(Itional meetlngs may be stheduled to d19yJss stratsgic planning
and governan￿ issues.

Page 3
R THE YEAR
STRucfuRE GOVERNANCE AND MANAGEMEKf (c4Mltinu•d)
The day-to-day operations are managed by the awk Ir￿UdIng the financial administration. and
the admin15tration of the grants.
The Clerk (and other stsff) are employed by the St Giles-in-thtrFields and William Shelton
Educational Charity to undertake administrdtion on their behalf and that of the St Glles-ln-th
elds and Bloomsbury United Charity, and the salary costs are shared. This relationship with
the other charlty has been fomallsed through the agreement of a fomal Memorandum of
Understsnding agreed try the trustees of both charitle5, whlch was revleded durfng 2021.
Together the charities are known as St Giles & St George.
The Charlty Is a member of the Assooatlon of Charftable Foundations. This provldes much
helpfijl Infomiatton on good practice in grant makj'ng and a wide range of tralning courses and
acts as an authorltatlve lobby on behalf of foundations wtth the govemment and regulators.
OBJEcmiES AND Ac￿v￿E5
The Trustee conflrnis that it has referred to the gU￿an￿ cOntaIr￿ in the Charity CommlssSon s
general guldance on publlc benefft wk*n remewlng the Charivs aims and objectives and In
plannlng future activities and setting the grant maklng pollcy for the year. The Charlty seeks to
dellver publlc benefit by rnaking grants to registered charities, 9xial enterprises, churches and
xhools for activtties and projects, vA)Ich help to advan￿ the objects of Charfty:
(a)
to promote education of children and young people Indudlng those In need of
flnanclal asslstsnce resident or being educated in the area of benefi¢ and
(b) to promote the education in ¢Xc0rdan￿ wlth Chrlsuan prfnclples of chlldren and young
people who are resident or educated in the area of benefit.
The Charity aims to imwove the educational opportunitles of chlldren and young people from
0-25 years old, who are re5iden¢ or attending an educational insbtubon in our area of benefit.
We understand educatSon In Its broadest sense, so we support a range of attivities that
extend their social, mental and emotional development as well as enhan￿ thelr leamlng.
Area of Benefit
In respect of the Charitr<s grant-making, tre area of benefit Is defined by 18 modern
ecclesiastical parishes including St Giles-in-the-Fidds, St George's Bloomsbury, St Paul's Covent
Garden, St Anne's Soho, St James, Plccadillyl St George'5 Hanover Square, St Martln-In-the-
Fields, St Matthew Westminster, St Stephen s Rochester Row, St Gabriel's Pirnlico, St Saviourfs
ptmllco, St Peterfs Eaton Square, St Michael's Chester Square, St Marfs Boume Street,
St Bamabas Pimlico, St Jame$-￿LesS Westminster, St Paul's Knlghtsbrid9e, Hoty Trinity Prin
Consort Ri)ad.
During 2022, the Westsninster wards were rewsed so our area of benefft includes all of West
End, Knightsbridge and Belgravla, St James s, VInc￿t Square, Pimlico North and Pimlico South
and a little bit of Lancaster Gate and Hyde Pa￿. Plus, the majorlty of BlcK)m5bury and Covent
Garden & Holbom wards in Camden.

Page 4
ENDED
22
ACHIEVEMEKfs AND PERFORI4ANCE
Summary olthe Year
Durlng 2022, the organlsatlon has maintslned its grant-making but has also b￿n revlewlng Its
own development and planning for the fvture. Covid-19 has no longer been at the forefront of
our grant-making although many grantees ￿port ¢M-going impacts of the pandemic on their
beneficiarles, In terms of pO0￿r behaviour, lack of soft sknlls pa￿CuladY teamworl patchy
attendance and overall thallenges with mental health. The Charity has also responded to the
cost-of-living crlsls by Sntrodudng the Famlty Welfare Fund (a programme offertng grants frir
Indmduals).
a) Governanc4
There was a smooth tran&tilK) to a new Chair as Revd Tom Sander took over the role at
the beglnniThJ of the year.
b) Human Regouyceg
A review of staff capadty was completed in early 2022. The Twstee agreed to recruit a
new part-tfme Grants Offi￿r to supm the aerk in the adminlstration and assessment of
the grants programmes, and they started in October 2022. The Charity chose to host an
Assodate through the 2027 programme as a divetse recruitinent method.
The expansion of the siaff team seemed an opportune tlme to undertake a ComprehenS￿e
HR assessmert so we:
Reviewed ￿nUMeratiOn by benchmarklng to slmllar roles and then updated salaries.
Engaged HR consultsnt to ￿eW and utxlate employments contracts and pollcies.
Reviewe(l and updated job descrfpkns to refiect up to date responsibilities.
c) GI)vernan￿. Stratsgk Revlew
This was a key objective identified in last yearfs accounts and there were significant steps
forward durlng the year, tNJt it is still an ongoing pr￿e$s. A board away-day was held in
Septsmber 2022. A number of background papw5 hdped to prepare the context for the
revrew:
History of Charws grdnt maklng, and analysls of grants made In the last fve years
Brief summary of key m(Klerni%ng movements in grant-making sertors
Analysis of our area of deprivation (update of Indi￿$ of Multiples Deprivation info)
Summary of grant-maktng by other local Westminrter Funders
Feedback from grantees via an anonymous survey.
Tre sesslon Itself looked at the core purwse of the organisation and started to define our
Vision, Mission and Values. The Directors also discussed various topical issues including
transparency and engagement; Climate Crisis; Collaboration; and Diversty, Equity and
Inclusion. There were lots of great ideas and m(Ke work will be needed to shape this into
a new thretryear strat￿.

Page 5
RT
THE
ACHIEVEMENTS AND PERFORMAN(2 (continu•d)
Grant Maklng
The Charfty cont]nued its grants programme and encouraged projects that Pdll Into five
categories: Children and Families; Education and Leaming; Emotional Well-Being; Youth Clubs
and Activities and Chrlstian Education.
We have several grants programmes that refiect our strategic appn)ach:
Small Grants: Max £3,￿0 for a revenue or capitsl grant
Standard Grants: Max £10,000 for a rerfenue or capltal 9rant
Communlty Investment Grant - Max £15,0(M) revenue per annum for up to three years
Strateglc Grant- BetrNeen £15,OLX) - 50,OX) per annum for up b) three years.
Grants to OryanlNitlon$
During 2022, the Charity awarded 17 grdnts totalling £315,574. This is loV￿r than re￿nt years.
In 2021, the Charity awarded 26 grants totslling £889,862 but this Included the exceptional
Covid Education Recovery prc*Jramme. It Is slmilar to 2020 where we awarded 18 grants
totalling £378,634.
Small Grants - 6 grants totallirKJ £14,9)0 (2021: 2 for £13,005)
Stsndard Grants - 4 grants totalllng £38,5CM) (2021: 5 for £33,303)
Communlty Investment Grants- 3 grants totslllng £135,(m (2021: 7 for £299,850)
Strategic Grants- 4 grants totalling £127,174 (2021: 4 for £102,823)
The strategic and Communty investment grants have continued as usual as organlsations still
need long-terni fvndlng. The number of smalllstandard grants Increased again as It became
easler to dellver short-terni and one-off actlvltses In schTr)Is or in the local communlty. The
majority of all grant recipients have received grants from the Charity in the pasL although there
were four new reapients.
The total amount of grants pald, Indudlng those awarded In prlor years, durlng 2022 was
£508,353 (2021: £475,537) so this has rfsen for the slxth year In a row. The annual grant
payments ranged from £500 to £38,258.

Page 6
FOR THE YEAR
022
ACHIEVEMENTS AND PERFORMANCE (contlnued)
Grants to Oryanlsatlons (contlnued)
Royal Phllharnionlc Orchestra (Small Grant): £1089 In January to dellver four crealfve
music-making workshops for famllies with young child￿n in pathershlp with Pimlico Toy
LibrBry. There We￿ nearly 100 participants a￿Ogether that enjoyed tying out new Instruments
and playing Worfd Musld together In the small groups
Impact Dance Foundatlon (Small Grant): £3,000 In March for a capaclty ￿lIdIng grant to
enable them to bring In an exF*rfenced Business Development manager on a consultsncy basis,
so thelr Spa￿ hlre strategy suM)orts thdr work youThJ people.
The Plmlico Foundation (Snwll Grnnt): £3,000 in April to continue with thelr'messy Churth
programme throughout the year. They offer a monthly Christian-therred craft sesslon for
families at st James the Less thurch with hot meals for everyone - thls attracts 100-120 people
every tlme. They have three speaal events at Easter, Autumn and Christmas wlth addltlonal
attractions (like bourKy castle) and this attracts 2cKI people. Aus, there Is a separate Speclal
Messy a)urch sesslon for about 20 chlldren wth spedal needs.
NEW Royal Colkge of Musk (Small Grant): £1212 in April for a ￿e-daY composition
course for Year 8-9 sttjdents at ￿MIlCO Academy to develop thelr muslc and creative skills, led
by professlonal composer and RCM students. There We￿ 21 pa￿.c1pants who are already ts￿n9
Music GCSE or may be interested iri this as a subject.
South West Community Festival (Small Grant): £1,599 in May to enable Southwestftst
2022: A B￿ath of Fresh ￿r to take ￿aCe. Thls was a refresh followlng the pandemic, providing
missed OPFQrtunitles and erfents for residents and community to come together. They delivered
over 80 free and low<ost events. VK)rk]rKJ wlth 27 venue partners, 24 event partr£rs and 191
artists and perfomiers. Thls vlas attended by over 6800 people.
NEW Posltlve Vlew (Stsndard Grant): £10,000 in May to deliver a 10-week photography
based creative empowennent tryramme, for 10 young people aged 16-25 years old in Churchill
Gardens.
St Andrth￿s Club (Small Grant): £3.000 in June to deliver their four-week summer project
for children aged 5-9 a wtde range of activit￿S induding arts and crafts, board games,
cookery, spotts and food. There were 74 child￿n ￿ attended the summer proje¢ induding
78% from Wesbnlnster and 64% vtho live In social housing.

Page 7
ILE
RT
FTHETR
ACHIEVEMENTS AND PERFOR14ANCE (continued)
Grants trj Oryanisatlons ((Jxrtlnued)
ntsaw
rin
NEW Westside Baskethall Association (Standard Grant): £8,500 In February to
Introduce weekly programme of communlty basketball sessions In South Westmln5ter, for
Child￿ n and young people aged 8-18. This aimed to overcome high levels of an￿ety caused
by the pandemlc arKJ lockdovm.
Chlldren's Uterncy (Stsndjrd Grnnt): £10,000 In July to support a mlnlmum of
12 chlldren 2 x 45 mlnutes of l-l Ilterary support every week wlth tralned Ilteracy tutors at
Soho Parish School. thiklren will tske part in aLtivities tsilored to the gaps in their learning and
based on thelr Interests, galnlng Ilfe changlng Ilternry skjlls.
London Basketball AMo¢lth: (Stsndard Grnnt): £10,000 In July to dellver a baskthll
development programme supporting 150 disadvantaged young people aged 11-16, offering free
wee￿Y sesslons at St Andrebrfs aub. Thls will allow young people to develop their confidence
and self-esteem for Imwoved engagement wth education and volunteerfng opportunltles.
Caxton Youth Centre: £45,000 equally over three year6 In July to support core costs of
their specla115t youth club In Westminster for young people wth leaming dlsabllltles aged 11-25.
They provide a safe and inclusive space to be themselves, leam skllls, make frlends and bulld
independence. They have five core educatlon programmes - Employment support Health,
Independence, Opportunfttes and Soaal and Emotlonal well-belng plus regular resldentlal trlps.
Plmlko Muslcal Foundatkn: £45,000 equally over three yearg in November to keep
offering free, high qualty music education for thildren from dlsadvantaged backgrounds In
Plrnllco arKI strengthenlng communty cohesion. have five strands to their y￿rk.
In-schools programme offeriThJ high-qualty music proNision in local Fximarfes.
Pimllco Chlldren's Cholr Nn as an after-sckM)ol dub, collecbng children from I￿al prSmarles.
Foundation Scholars offv5 free, advanced musical trainirvj for children who show potentlal.
Plmlico Chorus are a group of choral amateurs who support the children's perforniances.
Sing Out! PimSico Is a communlty outreath choir for anyone to fvln, ftKusing on musicals or
pop.
Holborn Community Association: £45,000 equally ovw three years in November to
maintsin Its free under 5s play Se￿￿, SUPWting over 300 families in the earfy sodal
development of children and reduang the impart of inequallty on thelr Ilves. They offer drop-ln
soft play sessions four momings a wed( during terni time and occasional special events and
trips.

Page 8
ILE
NAL
ACHIEVEMENTS AND PERFORMANCE (continual)
Grants to Oryantsakns (continu￿)
During 2014 Trustees agreed to allocate a more substantial amount to support inttiatives to
address one or more of the CharitVs priorities in a strategic way, to improve educational
outcomes for young children and young people in 9)uth Westmlnster. The process for these
grants has evolved. There were four strate9iC issues or partnerships 5UPPOrted durlng 2022.
i)
Soho Parlsh prfmary sctrml approached us for assistan￿ wrth funding Positive Handllng tralnlng
to manage child outbursts and beha￿our which was more challenglng as chlldren returned to
soaal situations po&-Cthfjd. Tly found a provider who trained one stsff member wlth
ay on-site training course. Then they are enabled and supported to cascade the tralnlng
to other staff members. The challenge In small sd)ools is when that person leaves so Soho
Parish suggested we support schools that want to partiapate. We agreed to support 50%
ontrlbution towards the training cosL The total grant was £3,500 - £500 per school for
ven partlclpatlng school&
11)
Famlly Thernpy In Schools
The Charlty has supported Famlty Therapy in schools for serferal years as It fits wlth our
priorittes. Post<ovid thls became even more Important, so we offered to continue funding 65%
of half day pmi%on and schools could choose thether to v￿rt( wth Anna Freud Centre or
St Wincenvs Family Project. In 2021 we supported nine primary schools in our area of benefi¢
but thls reduced in 2022 to slx schools as budgets continue to be squeezed (wlth £7,150 for
St Clement Danes ￿h0o1 usng the grant to fund in-kN)use famlly therapist) so the total cost
was £38,258 (£51,535 In 2021).
Anna Frnud Centre: £14.300 In July to deliver fdmlly theraFry In two schools for one year
from September (Soho Parish and St Gabriel's).
St Vlncenvs Famlly Projetr. É16,808 in July to deliver farnily therapy in three schools for
one year from September (￿MIlCO Primaryi All Soul's, and St Bamabas).
iii) Speech and Language Therapy in SdKX)Is
DurfThJ 2020, the Charity offered 50% contribution for sch(￿S to agree an SLA with an extemal
provider, this includes Central London Communty Healthcare NHS, Whittington NHS and
London Chlldren's Practrce. In December 2020, a grdnt of £37,650 was agreed to support ten
schoo15 for a quarter or half day provision for four tenns from Easter 2021-Summer 2022. In
May 2021, a grant of £8,720 was agreed to SUPPOrt three rn0￿ sthools during academlc year
2021-22.

Page 9
IsfD
EMBER 2
22
ACHIEVEMENTS AND PERFORMANCE {contlnued)
Grants to Oryanlsatlons (contlnued)
Speech and Language Therapy: £31366 in May 2022 to fund SaLT for 12 schools and one
nursery. Atogether, the CharTty ts support5ng 12 out of the 14 prlmary schools In the area of
benefit.
8 schools and a nursery are working vlith Central London Communlty Hea]thcare mostly for
ha￿ day provlslon wlth one school opfjrrfJ for quarter day provislon. This grant Is only for
tsvo terms as thelr contract renewal wll be in April 2023 rather than September 2023.
3 schools opted for half day provislon Lornlon Chlldren's Practi￿.
I school opted for half day provlslon wlth whIttlngt￿ NHS who covers Camden.
Iv) Partnerghlp wlth Y(wNJ We5tmlnster ￿ndation
Young Westmlnster Foundation manages the annual Brighter Futures fvrKI offerfng fundlng to
organlsatlons supportlrrfj young people In Westmlnster, wlth fijnds comlng from Ctty of
Westsninster and thelr corporate partne￿. The aerk thaired the decislon-maklng at the Grants
Panel meetlng and the Charfty contributed grant fijnds to ttr￿Se projects that work in the south.
£10,000 to Platform Crfcket for crfcket coachiThJ (with £14,700 from other fijnders) across
several schools in SOLth Westmlnster
£2,000 (out of £11,000) to Eat aub to deliver tWK) healthy cooklng ar￿ eatlng session in
the youth hubs in the south
£io,ooo to Sport4Health (with arothw £5,OW from BFF) to contlnue and expand weekly
sports sesslons for students
£3,500 to Mousetrap Theatre for delivering StsgeExThange drama programme at St
Andrews youth club.
£IO,(KK) to Fitzrovia Community Centre to de1iver'Chatterfoo￿ slx speech and language
courses (slx weeks long) for parents and their young children.
£5,000 to Family Lives (with £25,000 from elsewhere) towards boroLMJh-wlde young care
projert
£6,OCK) to Unfdd (with £4,CQO from BFF) towards mentorlng for aswum seeklng young
people.
The Covid Education Recovery Programme grant was awarded in 2021 for the 2021-22 and
2022-2023 academic years. During 2022, the Trustee took the difficult decision to withdraw
approval for three schools due to a lad( of communication from them (see note 18 in 2021
accounts). The grant for a fourth school was later reduced w￿n they could not provide
Informatlon for 2021-22.
An Interfm erfaluatlm report has been woduced for the first year of the programme.

Page 10
NED
RE
RT
ACHIEVEMErirs AND PERFORMANCE (contlnued)
Grants to Oryanisatio￿ (c￿ltInued)
Famlly Actlon (Frlendshlp Works): £21962 In October 2017 to expand thelr mentoring
into south Westminster through six new mentorSro relationships over two years, with £15,(NJO
in first year and £7,962 In second year. The adult volunteers a￿ carefully screened and tralned
before belng matched with a child, aged 7-13. are encouraged to take the thlldren out
at weekends to build frierKlships arKI urKlertake educational activibes. Due to challenges In
developing referrals (and then Cowd) the project has been slow to progress. By the end of
2022, seven matches had started but four had fallen through, two were ongolng (over one year)
and one match has finished. Two chlldren We￿ waltlng to be matched.
St Andrnv/s Club: £30,000 In May 2019 (completed in June 2022) t￿ardS the core costs
of running the youth club for three years. It Is a large bulldlng wlth several different SPa￿S for
lots of different aCtiv￿e$, Including a gyn). It is open seven days a week for children and young
people aged 5-18 and approx 700 members at any one time. In October 2021, they athleved
'gold quality mark, from London Youth.
Doorstep Llbrary Network: £45,000 equally three years In February 2020 to
support home-￿ading support In Churchlll Gardens. They offer a weekty reading and library
Serv1￿ dellvered dlrectly to famlly homes by thar trained volunteers. The grant funds I￿0
sessions, with eight ￿lUnteets each session wo￿ng In palr5 to vlstt families each time.
St Clement Danes Prlmary School: £1,500 equally over three years In August 2020 to
support a multi-year arts project in partraship with October Gallery. The project wlll offer 14
facllltated art workshops each year for puplls plus 2 stsff tralnlng sesslons. They alm to embed
art across the curriculum.
Dream Arts: £45,000 equally over three years in October 2020 to fund the Saturday
Experiment programme at The Abw Centre. It offer5 approx 35-40 children aged 7-13 years
an affordable theatre school opportunity to develop their personal and social skllls, and devise
and present their own creative work. They chose to work on process rat￿r than pr&Jurt (due
to attendance Issues and need to bulld teamv•)rk skllls) so the culmlnatlon was a small Ylnal
sharing, with family arKI friends.
Future Men: £45,000 equalty over three years in Octrjber 2020 to run Churchlll Gardens
Youth Club. They prowde open access, sesgonal and targeted youlh vth on three days per
week from 4pm-8pm, for children and young people aged 8-19.
Westminster Befrlend a Famlly: £43,350 equalty over three years In January provides
core fijnding over three years for their work supporting south Wesfminster families. Their
main projects are Broadening Horizons proiert to improve the educational aspirations of
disa(fvantaged young peO￿e aged IIF18 through homewo￿ support and mentoring. Also, their
new Mentoring for Mums (M4M) programme supwrts mothers whose children a￿ at school
who want to make positive changes in their lives using a goal-ftKused approach.

Page 11
LLIAM SHELTON EDUCATI
ACHIEVEMENTS AND PERFORMANCE (conlinued)
Grants to Organisations (continual)
Pimlico Toy Llbrary: £45,000 equally over three years In January 2021 to contrlbute to
the core costs of the toy Ilbrary for three years. wfL aims to provide a safe and secure space
for pa￿nts and carers to brfng thelr young children to play and to borrow from their stock of
1,900 toys. Nonnally, ttw open for two 2-hour sessions every Monday, Tuesday and
Wednesday In the mornlng and aftem(MJn. With capacity for up to 15 chIld￿n at any one
session, they have 4,230 thild play spaces each year. They also ggnpost to other senrfices and
offer 1-2-1 sesslons.
St IfincenY$ Famlty Projert: £45,(M)O equally over three years In January 2021 to
contrfbute to the salary of the Creative Arts Therapy Manager for three years. They oversee
students provlde therapeuuc sUPPOrt (ar¢ drama and dance) to children aged ￿13 years SQ
they can manage thdr feelings and show better copSNJ behaNiours. Theg r￿￿ve referrals from
local schools, Early Help and other tharitses. They expert to support apwox 25 chIld￿n per
annum.
Famlly Uves: £37,500 equally over three yearJ In May 2021 to contrfbute towards a
befriending servitr for families wtth children aged F16 years offering 1-2-1 emotional and
pradcal supp)rt. The volunteer befrienders provide weekly support (up to 2 hours) for slx
months. The referrals come dlfferent pla￿, and they expert to support 25 famllles per
year. After the first year, the grant was amended to refiect number of pa￿CIpants from South
$0 revlsed grnnt Is £25.%K) (Year 1- £12,500 tt*n £6,500 In Years 2 & 3).
Canlinal Hume Centre: £45.000 equally (wer three years In May towards the Famlly
Centre and Garden offerfng supwrt to famllies with children of all ages to play, leam and grow.
The Centre offers a nurturfng envlronment vlth fun and educational activities 6 days a week.
They alm to Increase leaming and attainmen¢ s(Kial and emotional developrnent of the chIld￿n
and Improve famlly reslllen￿.
St Barnabas Prfmary School: £45,000 equally over three years In July to contribute
towards a whole school music intervention from London Music Masters for academic year
202(F21. They teach violin and musc thills b) all puplls and parents can also come In after-
school. The pupils all receive a vtolin that they can take home to practise with. They have
delivered f￿ to fa￿ where ky)ssible and offered dlgital sesslons ￿en schools We￿ closed.
Covent Garden Dngon Hall Trust: £39.OIKI in November towards salary of youth Y￿rker
delivering the after-school, transitions and senior youth dub for three years from September.
They promde free weekly after-school provision for children aged 8-18. There are sessions
every day for slightly different age groups. They have a range of activities Indudlng homework
support and fun stLrff - sports, arts and crdts and anema dub plu5 trips. The Seniors. aub
provldes sessions that are intended to prepare for employment or further education.

Page 12
HEL
THE YEAR ENDE
22
ACHIEVEMEKfs AND PERFORMAN￿ (contlnued)
Grants to IndI￿dual$
In response to the Cost-Of-L￿Ing crisis, the Charity set up the Famlly Welfare Grdnt
Progrdmme making grants available to families living (or with children at school) in our area
of benefi¢ with an initlal budget of £10,000.
the programrne VAII pr(Thlde grants that ￿efit chlldren withln the famlly:
Cooker/FridgelFreezer so chlldren wlll not go hungry
WashlThJ Machine so they can have dean clothes
Bedslmattresses so tw get a goLKI nighys sleep
Table and chalrs for eat5ng arKI studying
Sthool Unlfom.
The maxlmum grant Is £500 although most are In the region of £3(M). There Is a max of £65
for primary sthod unifom) and £250 for secondary scho)l.
All appllcauons are assessed. The Chalr or awk has delegated authorlty to approve grants
within the grants guidelines but If there a￿ extraordSnary drcUMstan￿ It must be approved
by tvrt) (out of 4) Dlrectots on Grants Committee.
The Family Welfare Fund awarded 21 grants during 2022. The totsl amount approved was
£10,232 although the actual expenditure was £10,047.52 due to savlngs athleved when
orderfng (only £8295 was paid durfng 2022 due to different timings). The average grant was
£487. Thls Is hlgh because 8 grants (38%) of the grants were higher than the maximum of
£51X) as they needed mctt than one appliancelfurnltyre or one applian￿ and school unifomi:
13 famllles (62%) re￿Ve￿ grants for school unlfom)
6 families (28%) wanted grdnts for chlldren's L*d or mattre
Also funded 2 washlng machines, I cooker. l fridge freezer. I laptop, 3 tsbles and chalrs
and a sofa.

Page 13
FINANCE REWIEW
Results for the Year
The Charlty has had a quleter year as the large grant commltsnent to the Colid Education
Recovery Programme is nearfy complete. The hlgh grant payments over the last two
years have depleted the cash reser￿ and the Charfty has wlthdrawn funds from thelr
finandal Investsnents. Durlng the year, the Dlrectors resolved to Sncrease the
acce5sibilty of Unrestricted ￿Jnd5 so viith the pe￿IssIon of the Charity Qimmlsslon we
moved £2.4m Property Investments into the Pemianent Endowment and equivalent
amount of Flnancial Investments from the endowment to Unrestricted Funds.
Income amounted to £392,520 (2021: £378,184) and consl#ed of rentsl Income and
Interest receivable.
Expendlture amounted to £410,048 (2021." £885,907) vAth £376,917 (2021: £860,320)
belng incurred on Charftable Activities, notsbly grants awarded, Includlng multi-year
grants. Cost of ralslng fvnds amounted to £33,131 (2021: £25,$87).
Net expendlture for the year before tsklng account of galns and losses on Investsnent
assets arn(HJnted to £17,528 compared to £507,723 In the precedlrYJ year, largely due
to less grant-makirKJ.
The financial investments reduced in value during the year, in line wth global fflarkets.
After taking account of the impact of losses on investments of £137,888 (2021: galns of
£433,820) and a gain on revaluation of the Investrnent Propertles of £577,500 (2021:
loss of £624,500), the Charfty recorded net income for the year of £422,084 compared
to the preceding year net expenditure of £698,403.
The perf0mlan￿ for the year has ￿￿lted In Unrethcted Funds at the year-end
amountlThJ to £2,453,766 and Pemanent Endowment Funds of £8,539,689.
The Assets comprise Investment Properties of £8,082,600 (being 17 Castle Street,
Hinckley; 12 Flitcroft Street. London; arid 41H2a Par*er Stree¢ London), Investments
of £3,689,512, Debtors of £472,256 (including Accrued Rent of £50,239 and the Tenanys
Deposlt of £303,672) arKI Cash Balances of £54,646.
The Tnkn prorM)ses to malntsln the Charws cath reserves at a level whlch Is
approximately equivalent to six months total expenditure including its grant making, as
they want to sustaln the re￿nt increase in grant gmng. At the momen¢ this represents
target of approximately £254,CQO con&stirKJ of:
general running costs of £30,OIXJ
loan repayTnents of £19,000
grant payments of £205,000.
Based on figures In the 2022 accounts, tr* Charity has only £116,624 in cash reserves.
There is also £2.7million of unrestrictsd funds In finanaal Investrnents. The Charlty wlll
withdraw funds from the inve5bnents to build up Its reserrfes to the tsryet level.

Page 14
RT
FINANCE REVIEW (Contlnued)
Investrnent Pollcy
The Trustee's objective Is to ensure that Charitfs invested assets ￿lUCe capital
growth to provide current funds adequate to accompllsh Its speclflc purposes, whllst
malntalnlng to the extent pos￿￿￿e the real value of the portffiollo over the longer tenn.
They agreed to adopt a moderate risk profile.
The Tnts revlews the portfdlo and cash balan￿S on a periodic basis.
PLANS FOR The FirruRE
The alms of the Trustee Include:
Governance - to undertake a strateglc r￿eW and develop a three-year Strategy and
development plan addressing key themes of impact collaboration, diversity,
transparen￿ and addressng climate thange.
Grants - develop a neN mmltoring and evaluati￿ framewTh* to support the strategy.
Grants - launch newlrevlsed grants progrdmmes following trE strateglc revlefil.
Prfnclpal Rlsks and Uncertalntles
The Trustee considers rlsks In flve key areas: strategy, govemance and management;
operational; finandal. environmental and extemal; and legal and ststutory. Atl Identified risks
are assessed for both Ilkellhood of Occurren￿ and the potentlal financlal and reputational impatt
to glve gross risk. Mltigating controls are consldered, gmng a net remainlng rfsk. The rlsk
management strategy fomis part of the planning tmcess, against v¥hich tre Trustee considers
risks thro￿hOUt the year.
As a small charlty, a key govemance/operdtional risk is the loss of core staff suth as the aerk
or the Chair although the Charty is developing wrttten pr(Kesses and pr0ttdU￿s to help with
handover situations.
The main financial risk ￿lateS to loss of income, spedfically a tenant defaulting on the rent but
also poor investsnent F￿rf0M3nce leading to lower capital returns. In respect of financial rlsk,
the Trustee assesses the income risk and reser¥es le￿15, and believes that the readlly realisable
reserves at the levels stated v￿11 pffjNide suffiaent resources In the event of unplanned events
or adverse corKlitions.

Page 15
IN-THE-
AND
srATEMENT OF TRusfEES RESPONSIBILrrIES
The chari￿s Trustee is responsible for preparing accounts for eath financial year that give
true and fair wew of the Charivs financial artivitj'es during the year and of its stste of affalrs at
the end of the year. In preparing the accounts, the Trustee should follow best practice and:
select suitable accounting polioes and apply them consistenty.
make Judgements and estlmate5 that are reasonable arml pnxlent.
stste whether applicable accountlng standards have been followed subject to any
material departures disclosed and explairled in the accounts;
prepare the accounts w the going concern basls unless It Is Inapproprfate to presume
that the Charity will continue to opazte.
The Trustee is responsible for keeplng proper accounting records which disdose with reasonable
accuracy at any ttme the financial position of the Charity and which enable them to ensure that
the accounts comply with the ljwrities Act 2011. They a￿ also ￿ponSIble for safeguardlng
the assets of the Charity and hence for tsking reasonable stsps for the prevention and detertton
of fraud and other IrregularTtles.
By order of the Trustee and slgned on thelr behalf
Revd T Sander
Chair, for and on behalf of The St GIle5-In-th￿Fleld5 and Wllllam &￿tOn Educailonal Trustee
Limited
Ig19
. 2023

Page 16
F THE INDEP
Drr
Opinion
We have audited the financial Stat￿nents of St Glles-ln-th￿F1eIdS and Wllliam Shelton
Educational Charity (the 'tharity) for the year ended 31st December 2022 which comprise the
Statement of ￿nanCIal Actiwties, the Balan￿ Sheet and notes to the financial statements,
Including a summary of significant accountlng policies. The finanaal repK)rting framework that
has b￿n applied In thelr preparation is applicable law and Untted ￿ngdorn Accounting
Standards, including financial Reporting Stsndard 102 The Financial Reporting Stsndard
applicable in the UK and Republlc of Ireland, (United ￿ngdorn Generally AC￿pted Accounting
Practice).
In our oplnlm, the flnandal statements:
glve a tsue and fair view of the state of the Charrtvs affalrs as at 31st December 2022
and of Its incoming resour￿ and application of resour￿ for the year then ended
have been properfy prepared in accordan￿ wlth Unlted lQngdom Generally Accepted
Accountlng PractSce
have been prepared In accordance th the Chaiities Act 2011.
Basis for opinion
We conducted our audit in acu)rdance with Intematlonal Stsndards on Audlttng (UK) (ISAS
(UK)) and appllcable law. Our responslblllties under those stsndards are further descrlbed In
the Auditorfs resF)onsbilities for the audlt of the finan¢lal statements section of our report. We
are independent of the charity in accordan￿ with the ethical requirements that are relevant tt)
our audlt of the ftnanclal ststements in the UK, Ind￿lIng the FRCS Ethical Standard, and we
have fijlfilled our other ethical responslbllltses In accordance with these requlrements. We
believe that the audlt evidence we have obtsined is sufficient and appropriate to provKle a basis
for our oplnion.
Conduslons relatlng to going concern
In auditing the finanaal statements, we have conduded that the tru#eeg use of the golng
con￿rn basls of accounting In the preparation of tr* flnandal ststements Is approprfate.
Based on the work we have perfmed, we have not identlfied any materlal uncertainties relating
to events or condltlons that, indivldually or Coll￿tiV￿Yff may cast slgnificant doubt on the
charws ability to continue as a going con￿rn for a perrfod of at least twelve months from when
the finanaal ststements are authorlsed for isgje.
Our responsibilities and the reSp)nsiblll￿es of trustees V￿th respect to golro con￿rn a
descrlbed in the relevart sections of this ￿prt
Other Informatlon
The other infomation comprfses the Infomatlon Induded in the annual rew)r¢ other than the
financial statements and our auditorfs repM)rt thereon. The tntstee is responsible for the other
Infonnatton.
Our opinion on financial staternents doe5 not cover the other infomiation and we do not
express any ft)rm of assuran￿ condusion thereon.

Page 17
REP
S-i
L•
In connection with our audit of tre financial ststements, our responsilylity is to read the other
infonnation and, in doing so, consider whether the other infomation is materially inconsistent
with the finanaal ststements, or our krK)wledge obtsined in the audit or otheTrvise appears to
be materially misstated. If we Identify suth materlal Inconslstencles or apparent materfal
misstatements, we are requlred to determine whether there is a material misstatement in the
finanoal statements or a material misstatement of the other information. If, based on the work
we have performed, we conclude that there Is a materlal mlsststement of thls other Infomiatlon,
we are required to report that fact. We have rK)thing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respett of the following matters where the Charitie5 Act 2011
requlres us to rep)rt to you If, in our oplnlon:
the inforniation given in the Report of the Trustee Is Inconslstent In any materfal respett
with the financial ststements. or
sufficient accounting records have not been kept; or
the flnanclal statements are not In agreement wth the accountln9 records; or
we have not received all infomation and explanations we requlre for our audlt.
Responslbllltles of Trustees
As explained more fully in the Statement of TnIS￿ s Responslblllt5es, the trustee Is responslble
for the preparation of the flnanclal statements and for belng satlsfied that they glve a true and
fair view, and for such Internal control as the trust￿ detemiines is necessary to enable the
preparatlon of finanaal ststements that are free from material misstatemen¢ whether due to
fraud or error.
In preparlng the financlal statements, the trustees are responslble for assesslng the tharivs
ability to conts'nue as a golng concem, disdosing, as applicable, matters related to 9olng concern
and uslng tr* going contrrn basis of accountlng unless the trustee elther Intends to Ilquldate
the Charity or to cease operati(WkS. or have no realistic altematlve tArt to do so.
Audltorfs responslbilltles for the audlt of the flnandal ststements
We have been appolnted as audltty under sectlon 144 of the Chantles Act 2011 and ￿ptrt In
accordan￿ wlth the Act and relevant regulatlons made or havlng effect thereunder.
Our objethves are to obtsln reasonable assurance about whether trE finandal ststements as a
whole are free from material rnisststement, whether due to fraud or error, and to issue an
auditorfs report that includes our opinion. ReasonatAe assurance is a high level of assuran
but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect
a material misstatement when tt exists. Misststements can arise from fraud or error and are
consldered materlal If, IndI￿dUallY or In the aggwte, they could reas¢)nably be expected to
Influence the economic decisions of users tsken ¢)n the basis of these financial statements.
IrregUlarl￿e$, Indudlng frdud, are InStsn￿ of non-compr1an￿ vAth law5 and regulatFms. We
design procedures in line with our reswnsibilities, outtined above, to detect material
mlsststements In ￿pect of Iwularltles, includlrKJ fraud. The extent to whlch our procedures
are capable of detecting irregularits'es, indudiTrJ fraud is detsiled below:
The Charity is required to comply with chartty law and based on our knowledge of its
acbvities, we identified that the legal requirement to accurately account for endowment
funds was of key signlfiCan￿.
We gained an understanding of how the charity complied with its legal and regulatory
frameworK Includi￿ the requirement to properly account for endowment fvnds,
through discussior6 Wtth management and a remew of the dr￿UMented policies,
procedures and controEs.

Page 18
INDEPE
AND
L•
The audit team, whith is experienced in the audit of chaiities, considered the Charit￿5
susceptibility to material misststement and how fra￿ may occur. Our considerations
induded the risk of management override.
Our apprC￿Ch was to theck that all income was property Identifietl and accounted for
and to ensure that only valld and appropriate expenditure was charged. Thls Included
revSevAng Joumal adjustments and unusual transact5ors.
A further description of our responslblllties for the audit of the finanaal ststements Is located
on the Flnanaal Reporting Council's Y￿bSIte at:
s. This
descripb'on foms part of ￿r audltorfs report.
Use of the audlt report
Thls report Is made solely to the charitvs tnjstees, as a body, In accordance with Part 4 of the
CharStles (Accounts and Reports) Regulations 2008. Our audlt V￿rk has been undertaken, so
that we might stste to the charws trustees tfrK￿ matters we are reqUI￿d to state to them in
an audltorfs report and for no other purpose. To the fijllest extent permitted by law, we do not
accept or assume responsitmlity to anyone other than the tharity and the tharivs trustees as a
body, for our audit worl for thls report or for trE oplnlons we have fonned.
Rlchard Billlnghur5t
65 Leadenhall Street
KNOX CROPPER LLP
Chartered Accountsnt8
Knox Cropper Is ellglble for appoinknient as auditor of the Charity by vlrtue of Its ellglblllty for
appolntment as audltor of a cunpany under sectton 1212 of the Companies Act 2￿6.

Nrria

Page 20
L•
2022
2021
FIXED ASSErs
Invethent Prop&Ues
Investsnents
8,082,6(K)
3 689 512
7,505,100
3 827 399
11.772,112
11,332,499
CURREKfASSErs
Debtors
Cash at Bank and In Hand
472,256
503,757
526,9)2
788,148
CREDrroRS
Amounts falllng d.ue wlthln one
year
io
41,661
148,680
CREDrroRS
Amounts falling due after m(Ye
than one year
NEf ASSETS
li
820 318
10,993,455
10,571,371
Represented by:
UNREsfRICTED FUNDS
2,453,766
2,247,849
PERMANEpif ENDOWMEprr
8,539,689
8,323,522
TOTAL FUNDS
10,993,455
10,571,371
Approved by the Trustee on IS .S.y.ltsLz.<.. 2023 and signed on tr￿1r behalf.
Revd T Sander
Chair, ft)r and on behatf of The St-Giles-in-tr￿￿eIds and William Shethn Educational Trustee Limited

Page 21
YEA
ACCOUNTING pouaES
a) Basls of Preparntlon and Assess￿ of going concern
The accounts have been prepared under the historical cost COnvent￿n with the
exception of investments which are induded at market value. The financial statements
have been prepared in accordan￿ with the Statement of Recommended Practice:
Accounting and ReportiNJ by Charttie5 preparir¥J their accounts in accordance ￿th the
Flnanclal Reportlng Stsndarts appllcable In the UK and Republlc of ]￿land (FRS 102),
the financtal Repoyting Star)dard applicable in the United Kingdom and Republlc of
Irdand (FRS 102) and the ￿aritieS Act 2011.
The Charfty consbtits a publlc benefit enw as defirEd by FRS 102.
The Trustee considers that there are no matwlal uncwtslntles about the tharft¢s abllity
to contlnue as a goSng con￿rn. In fomilThJ thls oplnlon, It has consldered the Impact of
the COVID-19 pandemic, the war in Ukraine and the current economic climate on the
carylng value of Its assets and Ilabllltles and fvtU￿ Income streams and expenditure for
period of at least twelve months from tre date of approval of these flnanclal
statements.
b) Fund•
General funds represert the fijnds of the (J)arity that are not subject to any rethct5ons
regardlng thelr use and are avallable for appllcatlon to the general purw)ses of the
Chartty. Funds designated for a particular purpose by the Charity a￿ unrestrtcted.
Restrlcted Funds are funds whlch are used In accordan￿ wSth specific restrictions
Imposed ty don0￿, or b%hich have been raised by the Charity for a particular purpose.
Pemanent endowment fijnds are invested in properties and listed inve5trnents. Net
Income generated by the Investrnents representlng the pemianent endowment fijnd are
for the general purposes of the Charity whereas its capital must be maintained.
c) Ino>me
All Income Is recognised On￿ trE (harity has entitlement to trE Income, It is probable
that the income will be received, and the amount of income receivable can be measured
reliably.
Income from Investsnents
Rentsl Income from investment properties rs recognlsed on a straight-line basis over the
lease term. The a9gregate cost of lease in￿ntiveS is recognised as a reduction to
Income over the lease temi on a straight-line basis.
Interest Income Is accounted for when r&elved as ts ary Income tsx recoverable on
such income.

Page 22
THE ACC
Isf DECEMB
202
ACCOUNT114G POLICIES {Contlnued)
d) EXp￿dIt￿re
abi15tles are recognlsed as expendtture as soon as there is a legal or constructlve
obligatjon commStting the Charity to that expendlture, it is probable that s&tlement will
be required, and the amount of the obligatton can be measured reliabty. Al expendlture
is accounted for on an accruals basis. Al expen￿ induding support costs and
goveTran￿ costs are allocated or appO￿oned to the applicable expenditure headings.
ExFendlture In relation to multi-year grants is accounted for In the year In whlch the
grants are aV￿rded.
Investment properties are stated at fair value as detenmlned by the Trth, arKI they
are profe&sionalty valued e4ery fve year5.
Investments are a fom) of bastc flnarKlal investment and are initially recognlsed at thelr
transaction value and subsequenty measured at falr value as at the balan￿ sheet date
using the closing quoted market prlce. The stst￿ent of financlal athtles Includes the
net galns and losses arising on revaluations and disposals throLMJhout the year. Realised
galns and losses on investments are calculated as the dIfferen￿ be￿een sales proceeds
and their opening carylng value or their purchase value if acquired 9Jbsequent to the
fitst day of trt financial year. Unrealised gains and losses a￿ calculated as the
differen￿ between the fair value at the year end and thelr carrylng value.
g) Current Assets and Uabi1SUeg
All known current assets are brought Into the accounts at the amounts which they are
experted to reallse. All known Ilabllities are Ixought into the accounts at thelr ex￿ed
h) VAT
The Charfty has opted to tax two of its investment propertles. Income and experKllture
rdated to these is Ind￿led net of VAT.
i) Significant Judgements and Estimates
Depreciatton - The depredation of fixed assets Is based on managemenvs estimate of
trEir useful lives vthith is kept under revlew.
Impairment of debtors - In respect of accounts where there are indications that a debtor
may be Impalred or not cdlectible, a provsion is recorded based on best esttmates to
r￿u￿ the re￿1Vab￿ balan￿ to the amount that is e>petted to be colletted. Factor5
considered in maknng a promsion Indude the historical paYM￿t and collection
experience and debtorg credit worthiness.

Page 23
INVEsfMEKf INCOME
2022
2021
Rental Income
Interest Receivable
357,605
358,408
EXPENDrnIRE ON
Pernianent
2021
Total
a) RAISING FUNDS
Funds
Total
Propaty Management Fees
Insurance
Property Malntenan
Bank Loan Interest
Legal and ProfeS￿onal Fees
4,692
4,692
323
240
14,969
3,122
21,007
3,122
21,007
b) CHARrrABLE AcrIvrrIES
2012
2021
Grants Awarded
Abbey Community Association
Addresslng Dlgltal Dlvlde
Cardinal Hume Centre*
Caxton Youth Centre
Chlldren's Literacy Charfty
Covld Educatlon Recovery Progrdmme
Dragon Hall*
Family Lives.
Famity Therapy
Holborn Communlty Assodatlon*
Impact Dance
LCRF - Rathbone Amateur &)xing
London Basketball As%xiation
Mwsetrap Theatre
Muslcal &)roughs Trust
Pimlico Foundation
Pimlico Musical Foundatlon*
Pimlico Toy Libra
Positive Vlew
Royal College of Muslc
Royal Philharmonic OrctEstra
Speech & Language Th￿aPY prcMJramme
Soho Parish School
45,000
45,000
10,000
398,557
39,000
37,500
51,535
2,445
10,000
12,000
38,258
45,000
3,000
10,000
8,803
3,000
3,000
45,000
45,000
10,000
2,212
32,366
8,720
Carried Forward
249,425
620,164

Page 24
R THE YEAR EN
EXPENDrnJRE ON (Contlnued)
b) CHARrrABLE ACTivrriES (contlnued)
2022
2021
Grnnts Awarded {contlnued)
Brought forward
SouthWestFest
St Andr&rfs Club
st Bamabas COE Primary School¥
st Matthevls COE Prlmary School
st vin￿nt'S Family Proje
Theatre Haymarket Masterdass
Westmlnster Befrlend a Famlly (t*VO grants)"
Westrnlnster Early Help
West Side Basketball aub
Young Westminster Foundatlon - Brfghter Futtires Fund
249,425
1,599
620,164
3,000
3,000
45,000
1,560
45,000
3,000
51,350
4,500
8,5(Kl
315,574
889,862
Grants to Indr￿dualS
Grants Written Off
8,295
811458
Clerks Salary and Social Securfty
Grant Officer Costs and Expenses
Membershlp and Tralnlng
Office & Sundry Expenses
Audit Fee
Professlonal Fee5
47,023
3,814
2,278
10,288
3,766
34,091
2,070
1,214
7,931
3,090
466
376 917
860 320
*Multi Year Grants
The Audlt fee amounted to £3,766 (2021: £3,090).

Page 25
KEY MANAGEMEKf PERSONNEL
Key Management Personnel is defined as the Director5 of the Trustee and the aerk to the
Trustee.
None of the Trustee's Directors received any emoluments. The emduments of the Clerk to
the Trustee, who served during the year, were as follows:
2022
2021
Emoluments
34,754
30,095
Total travellsundry expenses relmbursed to the TrUSt￿S
EMPLOYEE INFORMATION
There were no employees who re￿IVed employee benefits exceedlng £60,000 (2021: None).
The average Y￿klY number of persons (IrKludlng the aer* to the Trustee) employed durlng
the year was:
No.
of￿ Stsff
Salarfes and Benefits
Soclal Security
Employer Pension Contributions
42,062
3,911
30,805
2,482
47,023
34,091
FIXED ASSEfs lNVEsfMENT PROPERTIES
Total
2022
Total
2021
Funds 2022
Funds 2022
Balance at l January 2022
Revaluatlon
Transfer
Balance at 31 December
2022
2,954,354
227,331
4,550,746
350,169
7,505,100
577,500
8,129,600
(624,500)
494,993
7,587,607
8,082,600
7,505,100
The above is rewesented by the following freehold properties valued as at 31 December 2022
by Fisher Gemian (Aitcroft Street), and as at 31 December 2021 by Wards Chartered
SuNeyors (Casue Street) and at March 2012 by Farebrothers (Parker Street). The valuatior
of Flitcroft Street and Castle Street were carried out by a RICS Registered Valuer in accordance
with 'RICS Valuation - Professional Stsndards 2014 Edition (Revised April 2015),.
The Transfer repre$￿ts the reanatysls perfomied In the year to ensure that the Endowment
fund is represented predominantly by the Invesiment Property, Sin￿ this is considered to
offer greater protectlon to the capital. Additlonalty, thls means that a greater proportion of
the Unrestritted Funds are retained as Inve5trnents, whith are easier to liquidate If needed.

Page 26
ljh
This transfer was apFxoved by a)arities Commission, and £494,993 of the value of the
propety was retsined In Unrestrlrted Funds to cover the remaining liablllty of the secured
loan.
The breakdown In value of the dlfferent wopertles for Dec 2022 Is as foltOV#S:
12 Hltcroft Street
17 Castle Stre¢ HirKkley
4042a Parker Street, London WC2
7,710,CM)O
370,CM)O
8 082 600
FIXED ASSETS INVEsfMEKf PROPERTIES COMPARATIVE
Unrothrt•d Endowm•rt Total
Funds 2021
Funds 2021
2021
Balance at l January 2021
RevaluaUon
Balance at 31 Decemb￿ 2021
3,200.186
4,929,414
8,129,600
2,954,354
4,550,746
7,505,1(M)
The breakdown in value of the dlfferent prcowfjes for Dec 2021 Is as follovts:
12 Hltcroft Street
17 Castle Stre< Hlnckiey
4042a Part(er Street. London WC2
7,132,500
370,000
7 505 100
FIXED ASSET INVEsfMEpirs
22
Unrestrictad Pemanent
2022
Fund•
Endowmert Totsl
2021
Market Value at l# January 2022
DisFosal PrcKeeds
Transfer
Realised Gair￿(LOsSes) in Year
Unrealised Gainsl{Losses) In Year
Market val￿ at 31# December 2022
107,8Y3
3,719,546
3.827,399
3,583,579
(190,000)
1633,463
(1633,463)
92,489
341331
3 827 399
737 430
3 689 512
The portfolio consists of units hdd in Towe￿ Watson Partnas Fund for investors a
long-temi investment time horizon.

Page 27
DEBTORS
Amounts fallin9 due within on¢ year
2022
2021
Connected Charfty (note 13)
Grant Refund
Propety Agents
Accrued Rental Income
8,071
4,899
110,274
111,394
151917
149 865
Amounts falling due In more than one year
Accrued Rental Income
Tenant Deposlt Accourt
16,667
303 672
50,239
303 653
353 892
503 757
CASH AT BANK AND IM HAND
Current Account
Unlty Trust Accounts
50,175
48,361
236 030
10. CREDrroRS: Amounts falllng due
within one year
Trade Creditors
VAT
Grants Payable (Note 12)
Accruals
Deferred Rentsl Income
Unlty Trust bank loan
5,268
21,358
327,778
3,951
103,558
4,535
21,382
468,877
3, 180
118,201
11. CREDifoRS: Amounts falling due
after more than one year
2022
2021
Grants Payable (Note 12)
Unity Trust bank loan
Tenant Dep)s
45,IX)O
471,665
114,950
491,205
303 653
820 318
The bank loan is secured on the apiivs propety at 12 Hitcroft Street arKI is repayable over
23 years. lrterest vlll be charged at 2.75% per annum over Unlvs base rate, subj'ect to
minlmum charge of 2.75% per annum, per the Nprlatlon slgned on 7th Juty 2020.

Page 28
-FIELD
R THE YEAR E
12. GRAKfs PAYABLE
Annual
Grnnts
Multl Year
Grnnts
Totsl
Balan￿ Brought FoThYard
Grants Awarded
Grants Paid
Grants to Le Refunded
Grants Wrltten Off
Balance Carried Forward
Creditors - Amounts Falling Due
within One Year
Credltors - Amounts Falling Due
after more than One Year
41,915
180,573
(165,641)
541,912
135,OCX)
(343,334)
583,827
315,573
(508,975)
56,847
315,931
372,778
56,847
270,931
327,778
315 931
372 778
13. CONNEcfED CHARrriES
The St Glles-in-the-F*lds Parochlal (hadtles whlth comprise:
. St Glles-In-thtrFlelts and 81oomsbury Unlted Char1ty'
St Giles-in-the-fields and William ￿elton Educational Chartty;
are related because they have dlrectors In common, although any transactlons between the
Charltles are at arm's length. St c￿leS-1n-the-F1elds and Wllllam Shelton Charlty Incurred costs
on behatf of St Glles-In-thtrFields and Bl¢X)msbury Untted Charfty amounting to £22,197
(2021: £19,775). At the year*nd £8,071 (2021: £4,899) was owed to the Charity as disclos￿1
in rK)ts 8.
The Charity also pald £3,150 to the St ales-In-thtrNelds Parochlal a)urch Coundl for rentsl
of Offi￿ Spa￿ (2021: £3,150).
14. NET ASSETS BEfwEEN FUNDS
Unrestskted Endowment
Funds
Funds
Totsl
2022
Investrnent Properties
Investments
Current Assets
Creditors
494,993
2,737,430
526.902
1305 559
2 453 766
7,587,607
952,082
8,082,6CX)
3,689,512
526,902
1305 559
10 993 455
NEf ASSEfs BETWEEN FUNDS. COMPARATIVE
Unrestricted Endowment
Funds
Funds
Total
2021
Investmert Prwbe5
Investrnents
Current Assets
Creditors
2,954.354
107,853
734,918
I￿9276
2 247 849
4.550,746
3.719,546
53,230
7,505,1
3,827,399
788,148
1549 276
10 571371
8 323 522

Page 29 .
HARTrY
FOR THE YEAR ENDED
15. RELATED PARTY TRANSACTIONS
There were no related party transactions during tr£ year.
16. corirINGENT LIABILrriES
At 31SL December 2022 arKI 31° December 2021, there were no known contlngent liabilltles.
17. CAprrAL COMMrrMEKrs
At 31st December 2022 and 31st December 2021, there was no capltal expendlture that has
b￿n contrarted for but not prO￿lded for in the Finanoal Statements.