                 Page I -IN-THE-FIEL WILLIAM SHELTON EDUCATIONAL CHARITY REFERENCE AND ADMINIsfRATIVE DEfAILS Constitution: st Giles-in-the-Fields and William Shelton Educational (￿arity (the.￿arity1 is a Registered Charity NO 1111907 and is governed by a sole corp)rate Trustee. This is St Giles-in-the-Fields and William shelt￿ Educatiorkil Trustee Limited (company number 11325502) (the Yrustee?. Trustees: The Directors of the Trustee a￿. Revd T Sander Revd D Peebles Ms H Roden Mr O Flory Mr H Robinson Ms N Wilson Revd J Pear50n-Hicks Ms J Hannon Mr R Javian-Lennard Rector of St Giles-in-the-Fields Rector of St Geyge's, Bl¢Jomsbury Churchwarden of St George's, Bloomsbury urchwarden of St GileS-in-th￿Flelds (Re-appLxnted 9 July 2024) {Resigned 29 April 2025) [ApwInt￿ 29 April 2025) Officer: Chaimian aerk to Trustee Revd T SatKler Ms H Cap￿r Professional Adviseys: Bankers: C Hoare & Co 37 ￿ Street London EC4P 4t)0 Unty Trust Bank Nine Brindleypla Binningham Bl 2HB Investmnt Managers: Towers Watson Inve5trnent Management ￿rnited 21 Tothill Street Lor SWIH 9LL Reglstered Auditors: Knox Cropper LLP 65 Leadenhall Street London EC3A 2AD Solicitor RLS Law Principal offi￿ Address: clo St Giles Church 60 St Giles High Street London WC2H 8LG Page 2 -IN-THE-FIELD AND LUAM HELT PIAL RT R THE YEAR The Trustee submits tts report and aCc￿nts for the year ended 31 D￿ember 2024. STRUCTURE GOVERNANCE AND MANAGEMENT St GIles-in-the-￿eIdS and William Shelton Edu(Ational Charity is a Registered Charty (No. 1111907). It was set up by a scheme of the Chanty Commisston dated 10 August 2005. This consolidated two fixmer charities: William Shelton's Educational Foundation (founded 1672) St Giles and Bloornsbury Education Fourthts"on (origins in St Giles tharty School founded 1705). The Chaiity has a sole corporate trustee- St Giles-in-the-fidds and William Shelton Educational Trustee Ltd. The Directors of the Twstee comprise. four ex-offiao ￿"reCtorS (the Rectors and one Churchwarden from St Giles-in-th￿leIdS and St Ge￿e, Blcomsbury) and up to four co-opted Directors who are appjinted by the Directors for a pericKJ of three years (after which they can be rtrapp)inted). The Charity has adopted a recruitment, *lection and induLtion [K)li￿ for new Directors of the Trustee. New Directors may be sought by open advertisement or through open dialogue with relevant organisations. All F()tential Directors are appropriately vetted and on app)intment new Direttors sign a modd declarab.on statement committing them to giving their time and their expertise. New Director5 are provided with a file, which indudes a copy of the ￿ernIng document, a copy of the latest annual accounts and a copy of CC3 The Essential Trustee published by the Charity Commission. They are Initial￿ supported by the Chair and are encouraged to attend reknnt training courses. All Dire(tor5 give their time freely and no remuneration was paid during the year. Detsils of Dire(lors ex￿Se5 and rdated party transactions are disdcsej later in Notes 4 and 15 to the accounts. Directors are reqUIr￿j to dis(*ise all relevant interests and register them with the Cler* and In accordan￿ with the Charitls ￿)lIcY to withdraw from d￿S1OnS where a conflitt of interest arises. The Directors of the Trustee meet quarterly to agree the broad strntegy a￿$ of activity for the Charity, induding consideration of grant makj'ng, investment, reserves and risk management policies and perfoman￿. Additional meetings may be 5theduled to discuss strategic planning and governantr issues. Page 3 N-THE- WILLIAM HELT EDUCATI REPOR ntinued OR THE YEAR ENDED IDE EMBER 2024 STRucfuRE GOVERNANCE AND MANAGEMEKf (continued) The day-ttrday operations are managed by the induding the finanaal administrati￿. and the administration of the grants. The Clerk (and other stsff) are employed by the St Giles-in-the-FieSds and William Shelton Educational Charity to undertake administration their behalf and that of the St Giles-in-the- Fidds and Bloomsbury United Charity, and the salary costs are shared. Thi5 relationship with the other charity has Lwi fomialised through the agreement of a fornial Memorandum of Understanding agreed by the trust￿ of charities, which was re¥iewed during 2021. Tojether the chariti2s are known as St Giles & St Geoff￿. The Charity is a memlw of the Associati¢)n of Charftable ￿ndationS. This provides much helpful infomiation on gocd practi￿ in grant making and a wide rdnge of training Cour￿ and acts as an authoritative lobby on behalf of foundations wth the govemment and regulators. OBJECTIVES AND AcnvrrIES The Trustee confi￿5 that it has referred to the guidan￿ contsined in the Chaiity Commission's general guidance on public ￿Enef￿ Wh￿ remewing the Charivs aims and objectives and in planning future activities and setting the grant making pjlicy for the year. The Charity s*ks to deliver public benefit by making grants to registered charities, social enterprises, churches and sthools for activities and projects, whith help to advan￿ the objects of the Charity: (a) to promote the education of thildren and young people induding those in need of finanaal assistance resident or being educated in the area of benefi¢ and (b) to promote the educaticm in accordan￿ with Christian principles of thildren and young kEople who are resident educated in the area of benefit. The Charity aims to improve the edu(ztional OPPK)rtunities of children and young people from 0-25 year5 old, who are resident, or attendirNJ an educational institution in wr a￿ of benefit. We understsnd education in its broadest sense, so we Sup￿ a wide ￿nge of activib'es that extend their social, mental and emotional development as wdl as enhan￿ their ￿Ming. Area of Benefit In respect of the Charitys grant-making, the am of benefft is defined by 18 modem eccle&astical parishes induding St Glles-ln-th￿F1eIds, St George's Bl(yJmsbury, St Paul's Covent Gard￿, St Anne's Soho, St James, 14ccadilly, St Ge(xye's Hanover Square, St Martin-in-th Fields, St Matthew Westminster, St stephen's Rcthester Row, St Gabrid's Pimlico, 5t saV￿U￿s Pimlico, St Peterfs Eatrm Square, St Michael's Chester Square, St Mary's Boume Street, st Barnabas Pimlico, St 1ameS-th￿LesS Westminster, St Paul's Knightsbridge, Holy Trinty Prin Consort Road. During 2022, the Westminster wards were Thised so our area of benefft indudes all of West EThJ, Knightsbridge and Belgravia, St James's, w1n￿nt Square, Pirnlico North and Pimlico South and a little bit of Lancaster Gate and Hyde Park Plus, the majority of BIcK)msbury and Covent Garden & HollK)m wards in Camden. Page 4 -TH LUA R THE YEAR ENDED I-DE EMBER 2 ACHIEVEMENTS AND PERFORMANCE Summary ofthe Year DurirKJ 2024, the organisation has maintsined its grant-making and the f¢XUS has been about launthing and promoting its.new strntegy and grants programmes. a) Human Resources The part-time Grants offi￿ re(TUited in October 2023 chose to leave at the end of their 12-mnth pla￿rnent through the 2027 pr(KJramme. The Charity is woud to have given a recent graduate (aged urKler 25) valuable worl( experien￿ before they chose to ￿turn to their passion of teathing. Therefore, the Charity chose to host another Asscriate through the 2027 prcyjramme and they stsrted in November 2024. This prccess has also developed very strong Elab.￿Ships Wtth Westminster Almshouses Foundation as the Grants Offi￿r works part-ts'me for them as well, so we hold joint supervisions. b) Governance: Strategic Review This was a key objective in 2021 accounts but it has taken a long tin￿ to come to fruition. In July 2023, the Directors agreed a new three-year stratsJy outlining our vision, mission and value5 but also outlining our apwoach to grant-making. Later in the year, the Directors reviewed the budget and future resour￿5 and agreed new grant levels. The intenb'on is to launch this next year On￿ a new applicaticffl and assessment process and new monitoring and evaluation framework have t￿en develo￿1. In June 2024, the new strategy was launched to our grantees ard the increase in grant amounts announced. The event was also a consubtion with grant￿ atx)ut the proposed new grant application and assessrn￿t process, and the draft monitoring and evaluation. It was a great oppMJtunity to explain the thanges that were coming and to rLreive feedback about different aspects of ￿. By autumn, the aw)lIcati￿ process had been updated in our grants management system. In October, organisatior6 were invited to apply to our new grants programme - we received seven Communty Investment Grant appliotions. The monitoring and erdluatTron. framework was publiasej along with the new grants programme in autumn,. although the tethnical as￿tS of the new process are still t￿lThj finalised. c) Governance: Trustee Recruitment The Directors identified 3 skills gap around youth worf( or eX[￿rien￿ of w0￿1ng with older young people so that wa5 the fc£us of recruitsnent. and idealty to increase the diversty of the Board. During the year, the tharity advertised the role using local and regional youth netwotks but was not succ&sful in attractirwJ aFplicants. ToNards the end of the year, a role was advertised via REACH which led to three strong applications. InteNiews were scheduled in January and the successful candidate observed our February 2025 meeting. Following due diligen￿ and refe￿n￿ checks. they were ap￿inted at the May meeUng. Page 5 IL -IN-THE-FIELDS AND WILLIAM HELT NED TIONAL HARTrY FTHE ACHIEVEMENTS AND PERFORMANCE (continued) Grant Making The Charity continued its grants tKcordmme and encouraged projects that fall into five G3tegories: Children and Families. Education and Learning. Emctional Well-Being' Youth Clubs and Activits'e5 and Chrisban Eduotion. We have several grants programmes that reflect our Strateg￿ approath: Small Grants: Max £3,000 for a re4enue or ￿pItal grant (increased to £3,600) Projert Grdnts: Max £10,000 for a revenue or capitsl grant (intJeased to £12,000) Community Investment Grant - Max £15,000 ￿venue FEr annum for up to thr￿ years (in(Jeased to max £55,500 whith is £18,500 pa) strategic Grant- BetW￿n £20,00(￿S0,000 per annum for up to three year5. Grants to Organisations During 2024, the Charity awathd 17 grants totslling £548,656. This is a similar number to previou5 years (2023: 15 for £307,052) but is much higher total fundiThJ becau* we awarded 7 CIG at the end of the year under the new pr(>Jramme (with higher maximum amounts). There are always more CIG awards every third year and this was antiapated for 2024. Small Grdnts - 3 grants totslling £8,600 (2023: 2 for £4,934) Project Grants - 3 grants totalling £27,023 (2023: 5 for £46,000) Community Investment Grants - 8 grants totslling £429,898 (2023: 4 for £156,000) Strategic Grants - 3 grants totalling £83,135 (2023: 4 grants for £100,118) The majority of all grant recipients have receNed grants fr(xn the tharity in the past, although the￿ were three new recipients. The totsl amount of grants paid, inducfing those awarded in prior years, during 2024 was £233,110 including grants later refunded (2023: £472,057). Page 6 ILE WILLIAM SHELTON EDUCATIONAL CHA TR FOR THE YEAR ENDED 31sf DECEMBER 2024 ACHIEVEMENTS AND PERFORMANCE (continued) Grants to Oryanisations (continued) NEW Churth of the AnnunciatK>n (Small Grant): £2,000 in February as a contribution to their Children and Families worker salary to wepare Sunday sch(￿ materials for KS2 (aged 8-11) to supijart Year B of the liturgical ￿lendar. The project suppjrted 30 out of 100 thildren regularly atterKfing Sunday Schcol over the year. It enabled them to develop activrties within the lessons that can ￿ shared with the rest of the congregats'on. Go Live Theatre Projects (Project Grnnt): £5,023 in May to deliver Next Stsge an elght- week employability skj'lls drama project in partnership with Caxton Youth Organisation. The drdma project will be targeted at the employment support cohort of 15 young people aged 17-25 with SEND and will encourBge them to think atM)ut jo￿eeking and career th00sing. The project successfully engaged 10 young people. Grants a rtn activi NEW Climate Ed (Small Grant): Up to £3,000 in FebNary to deliver fr& dimate action workshops in primary schcM)Is. The workshops a￿ one hour tkr y￿ek for five w*ks and are aimed at Year 41516. They are ddivered by trained vdunteers and are paid for each tryramme delivered. Abbey Centre (Project Grnnt): £IO.000 in November to delI￿r fr￿ after￿ch¢)01 activities two sessions week for a year. One session fc(uses on art and crafts activitTres such as portrait drawing, clay, origami etc. One session fo￿SeS on physical acknvtties such as team games or y￿a and leam martial arts. pa￿nts are expected to attend the sessions as well. They expect up to 50 chiklren to attend during the year. South West Community (Small Grant) £3,600 in November towards as a capacity building grdnt towards core salaries to undertake a year of consultation, reflection and review before planning the Festival again in 2026. st Barnabas (Project Grant): £IIOOO in November towards London Music Masters projramme that offers all children (and their pa￿nts} violin lessons and general music skills. In YI and Y2 they have small group vdin lessons twi￿ weekly and continue this in later years. LMM has delivtted within the schwl for eight years now and several Y6 pupils have received music stholarships for secondary school. Page 7 ILE -IN-THE-FIELDS AND NED EPORT OF THE TRusfEE ACHIEVEMENTS AND PERFORMANCE (continued) Grants to Organisations (continued) Multi- rants awarded duri the NEW AIIChild: £45,000 equally over three years in July to contribute to delivery of their early intervention Impact Programme a(Toss three Future Academies Schools in south Westminster {Millbank, Pimlico Primary and Pimlico Academy). The Link Workers are eml*dded in the sCh￿IS work with a group of approx 30 young people over two years to wovide personalised holistic SUPE￿ tryrdmme for each young wson addressing their academic s(xial and emotional r￿ed$. Doorstep Library: £55,500 equally over three years in December to support home- reading sessions in Churchill Gardens. They will offer a v￿eklY reading and library servi directly to families in their homes by their trained volunteers. The grBnt funds two sessions, with eight volunteers each session working in pairs to WSlt ￿ familie5 each time. They eXp￿t to support around 15 families with apwox ￿ children throUgh￿t the propcL Covent Garden Dragon Hall Trust: £53,898 equally over three years in t)￿rnber towards their Youth Programme. They provide free weekly after-school provision for thildren aged &19 living in Holborn and Covent Garden. There a￿ sessions every day f(Y slightly dlfferent age groups. There Is after-schcd dub three days a week that collects from local primary schcM)Is with 5FM)rts and creative activities and homework support. Code Club is mixed ages on one day per week Inters aub is for those just moved up to secondary thool. Plus a Pws and Girls groups youth club doing activlties and also preparing for employment or further education. The￿ is also an active holiday projramme with trips. Cardinal Hume Centre: £55,500 equally over three years in Decemter towards the Family Centre and Garden offering SUPFQrt to families with children of all ages in temFK)rarylunsuttable accommc(lation. They provide a nurturing enwronment where thildren can play, learn and grow. Therf aim to increase leaming and attainment, s(Kial and emotional development of the children and improve famity resilien￿. They pmmde stay and play sessions, afterschool and homework dub, family fun on weekends and holidays and family cooking s￿lOns. Page 8 ILE LLIAM HELT N EDUCATIONAL CHA REPORT OF THE TRusfEE Continued DED Isf DE ACHIEVEMEKfs AND PERFORMANCE (continued) Grdnts to Oryanlsatlons (contlnued) Mu Plmllco Toy Librnry: £55,500 equalty over three years in December to contribute to the core costs of the toy library for three years. FrrL aims to wovide a safe and secure Spa￿ for parents and carers to bring their young children to play and to Ix)rrow from their stcck of 1,900 toys. They open for kn 2-hour sessions every Mon-wed in the moming and aftemoon. With capacity for up to 15 children at any one session, they have 4.230 thild play spaces each year. They also signpJst to other seD/ices and offer 1-2-1 sessions. Also, they tnifjde holiday clubs ftr younger children arKI older siblings. St Wincenys Famity Project £54.000 equally over three years in t)ecemter towards their Family spa￿ Ready for 5th(￿1 progrdmme for Under 5s preparing them for the nursery/scht transition. They provide dropin stay and play sessions, a free crethe families on low incomes and parenting projrammes. They also have a Sensory Rwm for those thildren with s￿la1 educational needs. The Family Spaces suppcrtts approx 120 families per year with approx 60 children regularly attending the creche. London figers: £55,500 equalty over three years in December to run Churchill Gardens Youth aub - takn'ng over from Future Men. They provide open access. sessional and targeted youth work for children and young people a0￿1 &19. The Youth Club is open for 34 hours every week day for Juniors (aged 8-13) days FEr week ar￿ Seniors (aged 14-19) three days per w&k. They expect to SUPFK)rt around 25-30 young ￿pIe per Session and approx 120 over a year. Unfold: £55,000 equalty over three years in tktrmLw towards their Broadening Horizons mentoring p￿￿ramrne. It offers 1-2-1 mentoring for young people aged Itk25, with specialised supw)rt for young people seekj'ng asylum. care kavers and those exduded from schcw)l. It is based in tx)sitive psycholcrfJy and is deS￿ned to suppx)rt partiapants to develop a growth mindset, so they Idenbfy personal goals and work towards them. The trained volunteer mentors provide weekly sessions for up to six months and they eX￿t to reach 280 young people per year. They. have established peer support group5 for young pEople tcK). Page 9 ILES- LD AND HEL HARrrY FTH R THE YEAR ENDED 31- DE ACHIEVEMENTS AND PERFORMANCE (continued) Grants to Organlsatlons (continued) ic ntp ramme During 2014 Trustees agreed to allcK3te a more substantial amount to support initiatives to address one or rn0￿ of the Chaiivs priorities in a strategic wayi to improve educational outcomes ft)r young Childr￿ and young people in S)uth Westminster. The process for these grants has evolved. There were three strategic issues or patherships supported during 2024. Family Therapy in Schools The Charity has supwrted Family Therapy in sthools for several years as it fits wth our priorities and post-pandemic, this lecame ￿￿en more imFDrtant. We provide 650/0 of the cost of having half-day per week of therapy provision. The providers have evolved over the years but the preferTed provider is curTently St Win￿n￿5 Family Project. In 2021 we supported nine primary 5chcM)Is in our area of benefi¢ but this reduced to six schools in 2022 and seven sdb))Is in 2023. In 2024 it was six schools (five ￿￿th SVFP) and £5,280 for St Clement Danes school using the grant to fund an in-house family theraiist. The total cost was £31,680 (£34,794 in 2023). St Vlncenys Famity Project: £26.400 in Juty to deliver family therapy in five sch(J)Is for one year from Sertember {Pimllco Primary. All Soul's, Stho Parish, 5t Gabriel's and Millbank Gardens- sadly, St Barnabas and St Matthews withdrew from the programme). Speech and Language Therdpy in Schools During 2020, the a)arity offered 50% contribution for schools to agree an SLA with an external provider, this indudes Central London Communty Healthcare NHS, Whittington NHS and London Children s Practitr. Initially ten schools took part in the parthership programme and in 2022 it increased to 12 which was sustained in 2023. Speech and Language Therdpy: £31.535.39 duriThJ 2024 to fund SaLT for 10 schools: 8 scho)Is are working with CEntral Lond(￿ Communty Health￿re with 50% schools opb'ng ft)r half day wovision and 50% opting for quarter day wovision. 2 Sch￿15 opted for half day provision fmm Words ￿rsL Page 10 IN-THE-FIELD LLIAM HELT NAL HA REP RT FTHETR R THE YEAR ENDED 31- DECEMBER 24 ACHIEVEMENTS AND PERFORMANCE (continued) Grants to Oryanisths (continued) Partnership with Young Westminster Foundation Young Westminster Foundation manages the annual Brighter Futu￿$ Fund offering funding to organisations SUpp￿tIng young in Westminster, w￿h fvnds coming from W of Wesbninster and their corporate partners. The aerk thaired the BFF Grants Panel meeting whith decided the grants and the Charity contributed grant funds to those projects that work in the south of Westminster. December . £20.000 for two projects: £10,000 for P￿r Power to deliw a project (zlled 'Peer Power Youth, in s￿th Westminster. £10,000 for Sp(xts4Health to provide their sp)rts acbwbes and employment p￿paration. Page 11 LD ILUAM HELT HARrrY ENDED EMBER 2024 ACHIEVEMENTS AND PERFORMANCE (continued) Grdnts to Oryanisations (continued) Multi- rants awarded in ous Family Action (Friendship Works): £21962 in October 2017 over t￿0 years (completed in December 2024) to expand their rnentoring into s(xth Westminster. The adult volunteers are carefulty screened and trained before teing matched with a child, aged 7-13. They are encouraged to tske the thildren out at weekends to build friendships and undertake educatlonal activiti&%. Due to challenges in develoiyng referTals (and then Covid) the project has been sk)w to progress. By the erKI of 2024, six successful matches (several fell through) had been made for young people aged 13-15 years - all frLYn ethnic minority backgrounds and 75% male. All matches lasted for at least two years, although one match made in 2023 is ongoing. Family Lives: £25,500 over three years in May 2021 (completed in August 2024) to contribute towards a befriending Servi￿ for families With chiklren aged 5-16 years offering 1-2-1 emotional and prdctical supwrt. The volunteer befrienders provide weekly support (up to 2 hour5) for six months. The referrals come from diffe￿nt pla￿, and they expect to supp)rt 25 families year across the Ix)rough. Overall, the project has supp)rted 18 families from south Westminster. SouthWestFest: £15,000 over two years in April 2023 (completed in August 2024) to contribute to the core costs of this important cultural community festival ￿ Pimlico. Spread •• over two weeks, it indudes a varW of cornmunity events, workshops, family progrdmrning, walking tours and involves a viide range of Icral partners. A key part is Festival Day - a large fr￿ outdwr event with music stsge, information Stalls, fKles, activities and refreshments. Caxton Youth Centre: £45,000 equally over three years in luty 2022 to supp(xt core costs of their specialist youth dub in Westminster for young pEople with learning disabilities aged 11-25. They provide a safe arKI indusive Spa￿ to be themselves, leam skllls, make frlends and build independentr. They have five core eduotion programmes - Employment support, Health, independen￿, Op￿rtunIti.es and ScKial and Emotional well-being plus regular idential trips. Pimlico Musical Foundation: £45,000 equally over three years in November 2022 to keep offering free, h￿h qualty music education for children from disadvantagel backgrounds in Pimlico and strengthening community cohe￿n. They have five strands to their work: In-sch￿)[s programme offerirKJ high*uality music provlslon In I￿1 prlmarles. Pimlico Children's Choir run as an after-xhcM)I dub, collecting thildren from k￿al ￿lMaries. Foundation Scholar5 offers free, advanced musiol training for children who show wtential. Pimlico thorus are a group of thoral amateurs who SUPFK*t the thildren s performances. Sing Out! Pimlico is a community outreach thoir for anyone to join, f(￿SIng on musicals or •• pop. Page 12 IL -THE-FIELDS AND ELT NED TIONAL FOR THE YEAR ENDED 1ST DE EMBER 2024 ACHIEVEMENTS AND PERFORMANCE (continued) Grants to Organlsations (contlnued) rants rded in vious Holborn Community Association: £45,000 equally over three years in Novemter 2022 to maintsin its free under 5s play servi￿, supF(irting over 300 families in the early ￿la1 development of children and reduang the impact of inequality on their lives. They offer drop-in soft play sessions fI￿r momings a week during tenn time and (￿£3s1onal special events and trips. St Andrew's Youth Club: £45,000 equally over three years in February 2023 to contribute to the core cx>sts of this unique youth dub. It is a large building wtth several different spa for lots of different activities. including a gym. It is open seven day5 a w￿k for thildren and young wple aged 5-18 and has approx 700 memteS at any ore time. In OctotrEr 2021, they achieved 'gold qualty mark, from London Youth. The Pimlico Foundation: £45,000 equally over three years in July 2023 to contribute to their Outt)reak Youth w(NJramrne whith offers a range of activities: SchooFs Work: 1-2-1 and small groups mentoring and lunthtime drosFin sessions in local primary arKI secondary schools. Clubs: A juniors group for ages 8-11 and a seniors group for ages 11-16 offering a mixture of games, crafts, s￿S and activities. Also runs in sch(x)I holidays. Spjrts: Weekly football sessions but also C￿Ing and gids roller-skating. Hot Chocolate Thursdays.. Fr& hot drinks ever Thursday afternoon encouraging families to gather together. DreamArts: £45,000 equally over three years in October 2023 to Tund the Saturday Experiment progrdmme at The Abbey Centre. It offer5 approx 3540 children aged 7-13 years an affordable theatre sth(K)l opportunity to develop their persork71 and S￿al ski115, and devise and present their own creative wor Page 13 sr GILES-IN-THE-FIELD LUAM HELTON EDU ON HARrrY REPORT OF THE TRUSTE BER 24 ACHIEVEMENTS AND PERFORMANCE (continued) Grants to Individuals In ￿Sp)nSe to the Cost-of-LNing crisis, the (￿arity set up the Family Welfare Grant Programme in 2021 making grants available to fatnilies living (or with children at schc()l) in our area of benefi¢ with an inibal budget of £10,000. Gran OL￿. the tryramme will wovide grants that benefft children within the famity: Cwkerlfridgelfreezer so children will not go hungry Washing machine so they on have dean dothes Beds/mattresses so they get a gcKxJ nighys sleep Table and chairs for eating and stlthing Sch¢JoI Unifomi" The maximum grant is £500 although tnost a￿ in the regi￿ of £300. There is a max of £65 for primary schwl uniform and £250 for secondary sctrKx)l. All applications are assessed. The Chair or Clerk has delegated authority to approve grBnts within the grants guidelines but if the￿ a￿ extraordinary arCumStsn￿, it must be approved by two (out of 4) Director5 on the Grants Committee. Grants Awarded The Family Welfare Fund awarded 9 grants in 2024 (12 in 2023). The total amount aP￿0ved was £2,605 (£4,400 in 2023) although the actual experKIitU￿ was £2,618 due to additional fees from C Supplies for providing gift vouchers. The average grant was £291 (£357 in 2023). This year: 7 families (77%) re￿iVed grants for schwl unifom); I family (Il%) receNed a grant for fumiture (double bed arKI mattre55)' I family (Il%) received a grant for dothing (children suits for funeral); Induding 2 families (220/D) received grants for unrfomi and fumiture (taNe and chairs, and single bed and mattress). Page 14 GILES-IN-THE-FIELD AND EL NED NAL HA REPO OF THE YEAR ENDED EMBER 2 FINANCE REVIEW Results for the Year The charit￿S grant-making increased again in the year due to the launch of our new strategy which increased the grant awards. Therefore, we re£eived a high number of Community Investment Grants in the autumn although this is expetted every three years. Tr grant payTnents have deE4eted our cash reserves, and the Charity has withdrawn funds from their financial investments - unfortunately due to the global finanaal circumstances it Incurr￿ an anti-dilutTron levi to do this (although lower than in 2023). Income amounted to £402,758 (2023: £378,645) and consisted of rental income, interest re￿1vable and reimbursement of salary and Offi￿ costs from the sister charity St Giles-in-the-Fields ar￿ Bloomsbury United Charity (S￿ Note 13). EXF￿d*ture amounted to £706,338 (2023: £472,902) with £653,611 (2023: £390,645) being incurred on Charitable Activities, nrtabty grants awarded, induding multi-year grants. Cost of raising funds amounted to £52,727 (2023: £82,257), the incTea* in 2023 costs is due to legal fees for the lease eXtensiC￿ and the anti-dilution Iwi. Net exrEnditure for the year tefore taking account of gains and losses on investment assets amounted to £303,580 compared to £94,257 in the preceding year. The finanaal investments inueased in value during the year, in line with global markets. After tsking account of the impatt of gains on investments of £199,206 (2023: gains of £159.477) and no change on revaluation of the Investsnent Protkrties, the Charity recorded net expenditure for the year of £104,374 compared to the pre￿Ing year net income of £65,220. The perfOnnan￿ for the year has resulted in Unrestricted Funds at the year-end amounting to £2,322,052 and Pemianent Endowment Funds of £8,632,249. The Assets comprise Investment Pro￿leS of £8,082,600 (being 17 Castle Street, Hinckley. 12 Hit(Toft Str￿( London. aTrJ 4042a Parker Stree¢ London), Investments of £3,563,194, Debt￿5 of £143,231 (induding Acuued Rent of £36,501) and Cash Balances of £231,623. ReSer￿S Pollcy The Trustee proposes to maintain the Charivs cash ￿erVeS at a level whith is approximately equivalent to six months totsl exFEnditure including its future grant making. The Trustee exFEtt a lower numLEr of grants in 2025 (than 2024), so the grants prowsion is ontrhalf of this yearfs budget. At the mornen( this represents a tsrget of approximatety £240,0(K> consistin9 Of: general running I￿sts of £50,000; loan repayments of £15,000; grant payments of £175,000. Page 15 LUAM HELT NED NAL HARrrY R THE YEAR ENDED 31￿ DECEMBE FINANCE REVIEW (Continued) Based on figures in the 2024 aco)unts, Charity has £242,385 in unrestricted net assets as reserves. There is also £2.5million of unrestricted fvnds in finanaal investrnents. The Charity will vrthdraw funds from the investments to support its cash Investment Policy The Trustee's objective is to ensure that the tharivs invested assets prC￿U￿ capital growth to provide curMt funds adequate to accomplish its specific purposes, whilst maintsining to the extent P￿SIble the real value of the portfolio over the longer term. They agreed to adopt a mcKlerate risk profile. The Trustee reviews the pK)rtfolio and cash balan￿ on a periodic basis. PLANS FOR THE FimlRE The aims of the Trustee indude: Marketing - upxlate the wEbsite to reflect the ne*V Strategy and other improvements. Grants - develop and launch a Youth EmpoWe￿ent Pr(KJrdmme. Grants - have a larger disojssion atx)ut our role in SUPFM)rting k)cal sthools. G0Veman￿ - undertake more work to ernI￿d the Funder C(xnmitment on aimate Change. Investment ProtErties - apply for planning permission for empty building in Castle St. Prlnclpal Risks and Uncertainties The Trustee considers risks in five key areas: Strategy, governan￿ and management. OFerational; financial. environmentsl and extemal; arKI legal and ststutory. All ￿entifIed risks are assessed for both likelihcKKI of CCCUrren￿ and the wtential financial and ￿pUtatIOnal impact to give gross risk. Mitigatiro controls are consickredi giving a net remaining The risk •• management strategy fomis part of the planning proTrss, against which the Trustee considers risks throughout the year. As a small charity, a key governan￿loperational risk is the loss of corE staff such as the aerk or the Chair although the Charity is devdoping written prc￿sseS and procedu￿ to help with handover situations. The main financial risk relates to1055 of ino)me, skEcificalty a tenant defaulttng on the rent Ixjt also p)or investment perfO￿an￿ leading to lower capital returns. In respect of financial risK the Trustee assesses the income risk and reser￿ levels. and believes that the readily realisable reserves at the levds stated will pTh￿e Suff￿"ent reSoUr￿S in the event of unplanned events or adverse conditions. Page 16 LLIAM HELT NED r4AL RE FOR THE YEAR ENDED 31- DECEMBER 2024 STATEMENT OF TRUSTEE'S RESPONSIBILrrIES The Chaiivs Trustee is resw)sible for preparing accounts for each finanoal year that give a true and fair view of the tharivs finanaal activlties during the year and of its stste of affairs at the end of the year. In p￿paring the ac£ounts, the Trustee should follow best practi￿ and: select suitsble accounting Fdi(ies and ath them I￿g$tenty' make judgements and estirnates that are reasonatk and prudent. state whether apF4icable ￿counting standards have been follthved subject to any material departures disdosed and explained in the accounts; p￿pare the aixounts on the gling con￿rn basis unless it is inapprowiate to presume that the Charity vlill continue to OkYat& The Trustee is resp)nsible for keeping proFEr ac(Dunting r￿5 which drsclc6e with reasonable accurdcy at any time the finanoal ￿sItIon of the ￿artY and which enable them to ensure that the accounts comply with the tharities Act 2011. They are also responsible for safeguarding •• the assets of the Charity and hen￿ for tsking reasonable steps for the prevention and detection of fraud and other irregularities. By order of the Trustee and signed on their LEhaJf Revd T Sander Chair, for and on behalf of The St GileS-in-th￿Flelds and William Shelton Educational Trustee Limite(i 2025 Page 17 REP RT OF THE INDEPE THETR EE ILE -IN-THE-FIELDS NED NAL HARrrY Opinion We have audited the financial statements of St Giles￿￿-th￿FElds and William s￿Elton Educational Charity (the 'ChariV) for the year endaj 31 Decemter 2024 which o)mprise the ststement of Finanaal Attivrties, the Balan￿ Sheet and notes to the finanaal ststements, including a summary of svJnifiont accounting ￿)llOes. The financial ￿pOrtIng framework that has applied in their preparation is applicable law and United Kingdom Accounting Stsndards, induding Financial Repo￿ng Standard 102 The finanaal RepK)rting Stsndard appllcable in the UK and Republic of IrelarKJ' (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financlal ststements: give a true and fair view of the stste of the Charivs affair5 as at 31 t)￿mber 2024 and of its incoming resources and application of reSou￿S for the year then ended have been properly ￿epar&I in accordan￿ wtth United Kingdom ￿erallY AC￿pted Accounting Practice have been prepared in accordan￿ wrth the Charibes Act 2011. Emphasis of Matter We draw attention to Note 6 of the financial statements, which describe the reasons that the Trustees have decided not to adjust the fdir wdlue of the propErty at Flrtcroft SiTeet despite obtaining a professional revaluation. Our opinion is not modified in resrect of this matter. Basis for opinion We conducted our audit in ￿cOrdan￿ ￿￿th International Stsndards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsi￿"11t1es under tho* standards are further descTibed in the Auditorfs reswnsibilities for the audit of the finanaal ststements section of our rewrt. We are independent of the charity in accordan￿ wth the ethical requirements that are relevant to our audit of the finanaal statements in the UK, including the FRCS Ethical Stsndard, and we have fulfilled other ethiczl resFrf)nsibilities in accordan￿ with these requirements. We believe that the audlt evidentr V￿ have obtsined is suffiaent and appropriate to provide a basi5 for our opinion. Condusions relating to going con￿rn In auditing the finanaal statements, we have conduded that the trustees. use of the going con￿rn basi5 of ac(Dunting in the prepaTation of the finanaal ststements is approwiate. Based on the work we have performed, we have not identified any material Un￿rtaIntieS relating to events or condib'ons thaL individually or ￿lleCtivelY, may cast significant doubt on the charity'5 ability to continue as a going Con￿rn for a Fericd of at least twelve months from when •• the finanaal statements are authorised for issue. Our ￿sponSibl11tieS and the respK)nsibilits"es of the trust￿ with respect to going con￿rn a described in the relevant Sections of this rem. Other Inforn￿tIOn The other information comwises the information induded in the annual report other than the finanoal statements and our aUdit￿S retKrt therec￿. The trustee is responsible for the other information. Our opinion on the financial ststements th)es not cover the other information and we do not express any form of assurantr C(￿dUS1{￿ thereon. Page 18 REPORT OF THE INDEPENDENT AUDITORS. TO THE TR ILE -IN-THE- •• In connection with our audit of the finanoal statements, our resFonsibility is to read the other informab.on and, in doing so, consider whether other infonnation is materially inconsistent with the finanaal statements, or our knowledge obtsined in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material. misstatements, we are required to deteThirie vthether there is a material misstatement in the finanaal statements or a material misststement of the other inft)miation. If, based on the work we have perfomied, we conclude that there is a materfal misthtement of this other Info￿natiOn, we are required to retx)rt that fa￿ We have n(rthing to re￿rt in this regard. Matters ¢)n which we are required to report by exception We have nothing to re[￿rt in respect of the following maiters where the Charities Act 2011 requires us to report to you if, in our opinion: the information given in the RepK)rt of the Trustee is inconsistent in any material ￿SpeCt with the financial statements; or suffiaent accounting record5 have not Iken kept. or the financial statements are not in agreement wtth the accounting records; or we have not received all the lnfCrfrnati￿ and ewanations we require for our audit. Responsibilities of trustees As explained more fully in the Statement of Trustee's Respy￿Sibilities, the trustee is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair wew, and for such internal control as the trustee dete￿ineS is necessary to enable the preparation of financial statements that are free from material misststement, whether due to fraud or erTOr. In preparing the financial statements, the trustees are restX)nsit￿e for assessing the Charity's ability to continue as a going con￿rn, disclosing, as appliGable, matters related to going con￿rn and uslng the going contrm basls of accounting unless the trustee either intends to liquidate the Charity or to cease operations, or have no realistic altemative tJJt to do so. Auditorfs responsibilities for the audit of the financial Statements We have b￿n appointed as auditor under Section 144 of the Charities Act 2011 and ￿port in accordan￿ with the Act and relevant r8Julaticrfis made or haviThJ effect thereunder. Our objectives a￿ to obtsin reasonatle assuran￿ abjut whether the financial statements as a whole are fr￿ from material misstatement, whether due to frdud or error, and to issue an auditorfs report that i￿ludeS our opinion. Reasonable assuran￿ is a high level of assuran but is not a guarantee that an audit conducted in accordan￿ with ISAS (UIQ will always detect a material misstatement when it exists. Misststsments can arise frorn fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expetted to Influen￿ the economic decisions of user5 tsken on the basis of these finanaal ststements. Irregularities, induding fraud, are instances of Th)n-c(xnp1ian￿ with laws and regulations. We design procedures in line with our responsI￿.1￿1es, outlin8J ab3ve, to detect material misstatements in respect of irregularities, induding fraud. The extent to which our prO￿dureS are capable of detecting irreguIarities. induding fraud is ddailed t￿lOw. The Chartty is rquired to comply with tharity law and on our knowledge of ts activitie5, we identified that the legal requirernent to accurately account for endowment funds was of key signifi0n￿. We gained an understanding of how the tharty complied with its legal and regulatory framework, including the requirement to property account for endowment funds, through discussions with management and a review of the dcLumented policies, procedures and controls. Page 19 REPORT O THE sr GILE&IN-THE-FIELD AND WILUAM EL NED The audit team, which is experienced in the audit of charitses, considered the chaiity's susceptibility to material misststement and how fraud may oc￿r. Our considerations induded the risk of management overrlde. Our approath was to theck that all income was properly identified and accounted for and to ensure that only valld and appropriate exr￿ditUre was charged. This induded reviewing joumal adjustments and unusual transactsns. A fijrther descriptr.on of our responsibiltties for the audit of the financial ststements is Iccated on the Finanaal Reporting Council's website at: www.frc.or auditorsres ibilities. This descriptr'on fonns part of our audttorfs reFort. Use of the audit report This report is made soldy to the charitys trwstees, as a tody, in accordan￿ with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has teen undertaken, so that we might state to the chariws tTUStees those matter5 we a￿ required to State to them in an auditorfs re￿)rt and for no other purrKJse. To the fullest extent permitted by law, we do not ac￿pt or assume respjnsibility to anyone other than the charty and the charitr¢s trustees as a boty, for our audit worK for this rewrt or for the opinions we have fom)eJ. Richard Billinghurst 65 Leadenhall Street KNOX CROPPER LLP Chartered Accountarrts Date: a I Knox Cropper is eligible ft)r appointment as auditor of the (harity by virtue of its eligibilty for appointment as audi￿ of a company under Section 1212 of the Companies Att 2006. J Ln z￿Z Page 21 E-FIELD AND WILLIAM HELT NED NAL CHARrrY DE EMBER 2 2024 2023 FIXED ASSETS Investment Properties Investments 8,082,600 3 563 195 8,082,600 3 543 989 11,645,795 11,626,589 CURRENT ASSErs Debtors Cash at Bank and in Hand 135,919 231623 367,542 358,310 456,176 CREDITORS Amounts falling due within one year 10 312 203 NEf CURRENT ASSETS (61,416) 143,973 CREDITORS Amounts falling due after rr than one year NET ASSErs li 630 078 711887 10,954,301 11,058,675 Represented by: UNRESTRIcfED FUNDS 1322,052 2,477,832 PERMANENT ENDOWMENT 8,632,249 8.580,843 TOTAL FUNDS 10,954,301 11,058,675 Apwoved by the Trustee on ../J*U. &r.... 2025 and signed on its behalf. Revd T Sander air, for and on tehalf of The St-Giles-in-thtrFiekls and Willom Shelton Educational Trustee Limited Page 22 LE IN-THE-FIEL AND R THE YEAR ENDED IDE EM ACCOUNTING POLICIES a) Basis of Preparation and AsSeSsn￿nt of going concern The accounts have been prepared under the historical cost convenb.on with the ex￿ption of investsnents which are induded at market value. The financial ststements have teen prepared in accordan￿ with the Ststement of Recommended practi￿.. Accounting and Retx)rting by Charities preparing their accounts in accordan￿ with the Finanaal Reporting Standards applicaNe in the UK and Republic of Ireland {FRS 102), the Financial Rep)rting Standard appliGable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The Charity constitutes a public benefrt entity as defined by FRS 102. The Trustee considers that there are no material Un￿rtaIntieS al))ut the Charrtvs ability to continue as a going con￿rn. In forming this opinion, it has conSide￿d the impact of current ge￿￿￿￿￿"Cal risks and un￿rtain economic dimate on the carrying value of its assets and liabilities and future income streams and expenditu￿ for a peric