ST GILES-IN-THE-FIELDS AND WILLIAM SHELTON EDUCATIONAL CHARITY CHARrrY REGIsfRATION NUMBEIL. 1111907 ACCOUNTS FOR THE YEAR ENDED 31sf DECEMBER 2023 Page I HEL NED REFERENCE AND ADMINISTrATIVE DEfAILS Constltutlon: St Giles-in-the-Fields and William Shelton Educational Charity (the-LTrai7￿) is a Registered Charity NO: 1111907 and Is govemed by a sole corporate Trust￿. This is St Glles-in-the-Flelds and ￿￿111aM Shelton Educatlonal Trustee Limlted (company number: 11325502) (the" Tn￿t￿). Trustees: The Directors of the Trustee are: Revd T Sander Revd D Peebles Ms H Roden Mr O Flory Mr H Robinson Ms N Wllson Revd J Pearson-Hlcks Ms J Hannon Rector of St GlIeS-In-thtr￿elds Rector of St George's, Bloomsbury Churchwarden of St George's, BloomS￿ry Churchwarden of St Glles-In-the-Flelds (Re-app)Inted 7 February 2023) (Re-appolnted 7 February 2023) Officer: Chalrman Clerk to Trustee Revd T Sander MsHCap Professlonal Advlsers: Bankers: C Hoare & Co 37 Fleet Street London EC4P 4DQ Unlty Thjst Bank Nine Brindleyplace Blnnlngham Bl 2HB Investment Managers: Tower5 Watson Investment Management Limited 21 Tothlll Street London SWIH 9LL Reglstered Audltors: Knox Cropper LLP 65 Leadenhall Street London EC3A 2AD Solicitor RLS Law Prlnclpal Office Address: clo St Giles Churth 60 St Giles Hlgh Street London, WC2H 8LG Page 2 EL RT FTHE R THE YEAR ENDED 31ST DECEM 023 The Trustee submts ts retx)rt and accounts for the year ended 31* December 2023. srRucfuRE GOVERNANCE AND MANAGEMEpir St GIleS4n-th￿Flel￿S and William Shelton Educatlonal Charlty Is a Registered tharity (No: 1111907). It was set up by a scheme of the Charity Commission dated 10th August 2005. This consolldated fomier tharfoes.. William Shelton's Educatlonal Fwndati¢M (founded 1672). St Glles and Bltyjmsbury Educatlon Foundation (origins In St GTles Chaiity School founded 1705). The Charlty has a sole corporate trustee- St Glles-In-the-Flelds and Wlllam Shelton Educational Trustee Ltd. The Dlrectors of the Trustee comprtse four ex-offido Director5 (the Rectors and one Churchwarden from St Glles-In-the-Fields and St George, Bloomsbury) and up to four CO￿pted Directors who are appointed ty the Directors for a peri￿ of three years (after which they can be rtraptx)Inted). The Charity has adopted a recruitmen¢ selectlon arKI Induttlon pollcrf for new Directors of the Trustee. New Dlrectors may be sought by open advertisement or through open dlalogue relevant organisations. All potential Directors a￿ approprlately vetted and on appoinbnent new Dlrectors slgn a modd declardtlon statement commltting them to glvlng thelr tlme and their experdse. New Dlrectors are provided with a file, which includes a copy of the werning documenl a copy of the latest annual accounts and a copy of CC3 The Essentlal Trustee publlshed by the Charlty Commission. They are Inltially supported by the Chalr and are encouraged to attend relevant training courses. All Directors give thLyr time fr&ly and no remuneration was paid during the year. Detalls of Directors expenses and related paty transacuons are dlsdosed later In Notes 4 and 15 to the accounts. Directors are required to disdose all relevant interests and register them with the Clerk and in accord2AKe wlth the Charftys pollq to wlthdraw from deaslons Whe￿ a conflict of Interest arfses. The Dlrectors of the Trustee meet quarterly to agree tr* broad strategy areas of for the Charfty, including consideration of grant makingi investmen¢ reserves and risk management poliaes and perf0mlan￿. AddTtlonal m*tirwJs may be stheduled to dlscuss strdtegic planning and govemance issues. Page 3 FTHETR ntln srRucfuRE GOVERNANCE AND MANAGEMEiif (cfjntinued) The day-to-day operations are managed by tr￿ aerf( irKluding the financial adminiStrat￿n, and the admlnistration of the grants. The Clerk (and other staff) are employed by the St Glles-ln-thtrfields and Willlam Shelton Educattonal Charlty to undertake admlnlstratlon on thelr behalf and that of the St Glles-In-the- Flelds and Bloomsbury United a)arity, and the salary costs are shared. This relationship with the other charfty has been fonnallsed through the agreement of a fom)al Memorandum of Understanding agreed by the trustees of both charities, whlch was re4Sewed durlng 2021. Together the charities are known as St Giles & St George. The tharity Is a member of the Association of Charitable Foundations. Thls provldes much helpfiJl Inforn)atlon on good pract1￿ In grant mak]ng and a wlde range of tralnlng courses and acts as an authoritative lobby on behalf of foundations with the govemment and regulators. OBJECTIVES AND ACTivmES The Trustee conflms that it has referred to the gUIdan￿ contalned In the Charlty Commlsslon s general guldance on publlc benefft wtren revlewlng the Charfvs alms and objectlves and In anning future activities and setting tr£ grant making policy for the year. The Charity seek5 to dellver publlc benefit by makjng grdnts to reglstered charltles, sodal enterprlses, churches and schools for actiwties and projects, which help to advan￿ the objects of the a)arity: (a) to promte the educatton of chlldren and young people indudlng those In need of financial assistan￿ resident or being educated in the area of benefi¢ and (b) to promote the education in accordance Christian prinaples of children and young people who a￿ resident or educated in the area of benefit. The Charlty alms to Improve the educational opportunitles of d)Ildren and young people from 1>25 years old, who are resldent, or attending an educational institution in our area of benefit. We understand educati￿ in tts broadest sense, so we supwc a WKJe range of artlvities that extend thelr soclal, mental arKI emotional devdokynent as well as enhantr thelr leamlThJ. Area of Benefft In respett of the tharltys grant-makJng, the area of benefit Is defined by 18 modem ecclesiastical parishes including St GiIes-in-th&￿eldS, St George's Bloomsbury, St Paul s Covent Garden, St Anne's Soho, St James. Ptccadilly, St George's Hanover Square, St Martln-ln-th elds, St Matthew Westminster, St Stephen s Rochester Row, St Gabriel's Pimlico, St Sawourfs Pimlico, St Peterfs Eaton Square, St Michael's Chester Square, St Marfs Boume Stree¢ St Bamabas Pimlico, St James-thtrLess Westminster, St Paul's Knightsbridge, Hoty Trtnity Prin Consort Road. Durfng 2022, the Westmlnster wards were revtsed so our area of benefit Indudes all of West End, Knightsbridge and Belgravia, St jarn￿s, Wincent Square, ￿MIlCO Noth and Pirnlico South and a little bit of Lancaster Gate and Hyde Park. Flus, the majorlty of Bloomsbury and Covent Garden & Holbom wards in Camden. Page 4 ELT NED CA THE TR DED IsfD EMBER 2 ACHIEVEMEf4TS AND PERFORMANCE Summary ofthe Year DurfThJ 2023, the Organ￿2t10n has malntalned Its grant-maklng. Although the focus has been more Intemal with strategic review of the orwlsatlon and plannlng for the futtjre. a) Human Resour The part-time Grdnts Officer recruited in October 2022 chose to leave at the end of their 12-month placement through the 2027 programme. The Charity Is proud to have glven a recent graduate (aged under 25) valuable work expetience and enable them to move onto an amazing opportunlty In local govemmenL Therefore, the Charlty chose to host another Assodate throLKJh the 2027 programme and they stsrted in Octobw 2023. Thls process has also developed very strong relationshlps wlth Westmln*r Almshouses Ftyjndatlon as the Grants Offi￿r works part-tlme for them as well, g) we hold joint supetvlslons. b) Governance: Strategk Revlew This was a key objective identified in last yearfs accounts and there were slgnmcant steps forward during the year, but It Is still an ongolng process. A board aWay￿aY was held in September 2022. The sesslon itself l¢)oked at the core purpose of the organlsatlon and stsrted to define our Wision, Mlssion and Values. The Dlrectors also dlscussed various toplcal Issues includlng transparenq and engagement; aimate Crisis. and Collatorauon. A follow up sessSon was In March 2023 to focus speclflcally on Dlver5ity, Equity and Inclusion In relation to our ovffl organisation, the organisations that we fund and thelr beneficiaries. The Directors recognised the Importan￿ of DEI arn1 wanted to incorporate St Into the new strategy. In Juty 2023, the Directors agreed a drdft thretryear strategy OLrtllnlng our new vislon, misslon and values lyjt also oudiniThJ our approach to grant-making. Later in the year, the Directors reviewed the bLKlget and future resour￿$ and agreed rEw grant levels. The intention is to launch thls next year On￿ a new application and assessfftht process and new monitoring and evaluauon frdmework have been developed. Page 5 RE RT FTHETR ntlh R THE YEAR ENDED isf DE EMB ACHIEVEMEKfs AND PERFORMANCE (continued) Grart Maklng The Charfty contlnwl Tts grants programme and encouraged projects that fall lrto flve categories: Children and Famllies; Education and Leaming; Emotional Well-Being; Youth Clubs and Activities and Christlan Education. We have several grants programmes that refiett our stratsglc approath: Small Grants: Max £3,000 for a revenue or capltal grant Project Grants: Max £IO,¢X)O for a revenue or capltsl grant Community Investment Grant- Max £15,000 revenue per annum for up to three years Strate9lc Grnnt - Between £15,CX)0 - 50,000 per annum for up to three years. Grnnts to Organlsatlon$ Durlng 2023, the Charfty awarded 15 grants totslllng £307,052. Thls is simllar to 2022 when the Charlty awarded 17 grants totslliThJ £315,574. Thls Is lower than 2021 whidi Included the excew'onal Covid EduGltion Recovery Programme but also more Community Investment Grants. Every thlrd year, recelve a hlgher number of CIG appllcattons, so we expect 2024 to be hlgher. Small Grants- 2 grants tota151ng £4,934 (2022: 6 for £14,900) Projert Grants - 5 grants totslllng £46,CKIO (2022: 4 for £38,500) Community Investment Grants - 4 grants totsllirmj £I56,oC￿ (2022: 3 for £135,Crf)O) Strategic Grants- 4 grants totslling £100,118 (2021: 4 for £127,174) The strateglc and communlty Investment grdnts have contlnued as usual as organlsattons still need long-term fvnding. The majority of all grant reclplents have recelved grants from the Charity in the pas¢ although there were four new reapients. The total amount of grants paid, indudiThJ those awarded In prior years, during 2023 was £472,057 including grants later refvnded (2022: £508,353). Trt annual grant payments ranged from £1,934 to £46,5CM). Page 6 IN-THE-FIEL AND WILLIAM SHE EMBE ACHIEVEMEKfs AND PERFORMANCE {conllnued) Grants to Oryanisations {contlnued) NEW Bloomsbury Football Foundation (Small Grart): £1,934 in April as a contrlbution to ts Pimlico Foundation progrdmme for yourMJ people commltted to attending weekly fcM)tball coaching. The grant Su￿diseS the fees for those who cannot afford £50 (knrall, 27 t benefitted from the project with IS of them attendirffJ on a regular basis. NEW Local Vlllage Network (ProJert.Grant): £10,000 In Aprti to deliver four Amplify Me: BrSdglng-the-Gap mentodng programmes for students at Wesbninster Klngsway College. Each programme consists of a ontrhour group sesslon for five weeks and a vlsit to a business In the sith week. Altogether 56 young people benefftted from across the four programmes and we supported by 34 volunteer mentors from co￿orate partners. Chlldren's Utwacy Charlty (PrnJKt Grant): £IOOO In July to deliver Uteracy Lab at S(tho Parish school. The grant was originally for £6,(KM) to ddfver for an academlc year but the new school leadershlp ended the project after one term. The programme supported slx chlldren throughout the autumn tem and prowded two specialist literacy sessions per week with experlenced tut(Y. Flve chlldren made gntinued) Grnnts to oryanlsat1(￿ (cnntinued) During 2014 Trustees agreed to all(Kate a more substsntial amount to support Inltlatlves to address one or more of the Charivs prioritles in a strateglc wayi to improve educational outcomes for young chlldren and young people In South Westminster. The process for these grants has evofved. There were four strdtegic issues or partnerships supported during 2023. i) Needs Analysls Young Wesknlnster Foundation Invtted a number of local seprfl￿ Fxovlders and partners to a workshop to discuss the scope of the updated rEets ana￿1$ rewrt Tfv train young people to develop the quest5onnalre and to InteNiew treir peers. They were also involved In analyslng the Informatlon and presenting the reprt Thls Is Important research for our Charity, so we agreed to contribute £5,000 to Young Westmlnster F￿ndation. published Our City, Our Future In Ortober 2023. ii) Famlty Therapy In SdMK The Charlty has supported Famlly Therapy In schools for several years as it fits wtth our priorittes. Post-covid thls became even more important, so we offered to contlnue funding 65% of half-day pr￿nSion. Schools had chosen to work wlth ether Anna Freud Centre or St Vlncent Famity Proje¢ but the fomier wlthdrew thls sen4lce. Durfng 2023 the tharlty explored other setvlce providers arKI circulated proposals from three provider (including SVFP) to schools and they chose to work with SVFP. In 2021 we supported nlne prlmary schools in our area of benefit, but thls reduced to slx SC￿1$ In 2022. In 2023 it was seven sctrthls (six with SVFP) and £4,971 for St Clement Danes school uyng the grant to fund in-house family therapist. The total cost was £34,794 (£38,258 in 2022). st Vlnonvs Famity Proiectr. £29.823 in July to deltver famlty therapy in six schools for one year from September (Pimlico Primaryi All Soul s, St Bamabas, St Matththvs, Soho Parfsh and St Gabriel's). 111) Speeth and Language Therapy in Sthools During 2020, trE tharity offered 50% contribution for sch% December 2023 and 311t December 2022, there were no known contingent Ilabllltles. 17. CAprrAL COMMrrMENrs At 31st December 2023 and 31A December 2022, there was no capltal expenditure that has been contracted for but not provided for in the Flnancial Statements.