ST GILES-IN-THE-FIELDS AND
BLOOMSBURY UNITED
CHARITY
CHARrrY REGIsfRATION NUMBER: 1111908
ACCOUNTS FOR THE YEAR ENDED
31ST DECEMBER 2022

Page I
RY
REFERENCE AND ADMINisfRATIVE DEfAILS
Constitution:
St Giles-in-the-Fields and Bloomsbury United Charity is a Registered Charfty No: 1111908, and is
governed by a sole cortK)rate Trustee. This is St Giles-in-the-Fields and Bloomsbury United Trustee
Limited (company number: 11322099).
Trustee:
The prewous trustees of the Charlty became the Dlrectors of the Corwdte Trustee.
Rewd T Sander
The Revd D Peebles
Dr W James
Rert(￿ d St GNe5-In-thfrFlelds
Rector of St Ge)rge, Bkun5bury
Churchwarden of St Glles-In.th*Flelds
(res&ned 10 Aprfl 2022)
Churdhvarden of St Giles-l￿t￿￿Fl￿dS
(appolnt￿j 26 Aprll 2022)
Churchwarden of St Georye, B￿x￿Sbury
M5 C CampbeN
Mr J Sharpe
Mr J Eveleigh
Ms P Tuckman
Ms F Aslf
Ms J SkIp￿n
Rtslgned 24 FetKuary 2023
Offlcer:
ChairFerson
Ckrk to The Trustee
Mr J Evd*h (rtrappolnted 25 January 2022)
Ms H Capper
Professlonal Advlger4:
Bankers:
C Hoare & Co
37 Fleet Street
LorKlon EC4P 4DQ
vestment Managers:
Investec
London E(2V 7QP
Independent Ex•mln¢r.
Rkhard 8llllnghurst FCA
KrK)x Croprer LLP
ststutory A￿1[tOrS
65 Le*nhall Street
London EC3A 2AD
Solicitor.
Ju15en Rutler
RLS Law
ite 31F33, The Hop Exchange
24 S(Mrthwark Street
London SEI ITY
Prlndpal Office Addrw:
5t Giks-in-the.Fidds thurch
60 St Giles H¥Jh Street
WC2H 8LG

Page 2
THEY
The Trustee submits its report arml accounts ts the year ended 31st December 2022.
srRucfuRE, GOVERNANCE AND MANAGEMENr
St Giles-In-thtrFlelds and Blwmsbury United Charity is a Registered Charity (NO 1111908). It
was set up by a scheme of the Charity Commission dated 10th A￿(st 2005. Thls con5011dated
frjur fomer charities:
St GIles-in-th*￿elds Almshouse and Pension Charfty,.
The Bloomsbury Dispensary for the Relief of the &"ck arKI P¢J)r (founded 1801).
Thomas Leverton s Charity (founded 1824); and
The Dlbdln Brand Charty (founded 1904).
The charfty now has a sole corporate trustee - St-Glles-In-trE-￿eldS and Bloomsbury United
Trustee Ltd. The individuals who were Trustees of the char￿/ are now the Dlrectors of that
Ilmited company.
The Dlrectors of corporate ITUStee comwlse four ex-ofndo Dlrectors, the Rectors and one
Churchwarden from St Giles-in-thtrFlelds and St George's, Bloomsbury and up to four co-opted
Directors who are apwlnted by the other Directors for a perlod of three years (after Véhlch they
can be r￿apPOinted).
The Charity has adopted a recrultmen¢ sdectlon and Induction policy for new Dlrectors of the
corporate trustee. New Directors may be sought by open advertisement or through open
dialogue with relevant organlsatlons. Ail potential Dirertors are appropriately vetted and on
appolntJnent new Directors son a model declaration statement commrtting them to giving their
tlme and their expertlse.
New Dlrectors are provided wlth a file, which indudes a cow of the govemlng dooJmenL a copy
of the latest annual accounts and a copy of CC3 The Essential Trustee publlshed by the Charlty
Commission. They are initially supp￿ted by the Chair and are encouraged to attend relevant
trdining courses.
All Directors give their time freely and remunerabon was pald durlrrfJ the year. Detslls of
trustee expenses and related party transactlons are dlsdosed in Notes 6 and 19 to the accounts.
Directors are required to disclose all relevant interests and register them with the Clerk and in
accordance with the Charlt<s pollry to witmraw from decsions where a confllrt of Interest arlses.
The Directors of the Tnjstee meet quarterly to agree the broad strategy areas of athity for the
Charity, includlng the management of the almshouses, consideration of grant making,
investment, reseNes arKJ risk management pdicies and perfom)an￿. Additional meetings may
be scheduled to discuss strategbc planning and governan￿ issues.

Page 3
OFTH
RTHE
R ENDED
IsfD
EMBER 2
STrUCTURE, GOVERIIANCE AND MANAGEMEiif (Contlnued)
The day-trday operations are managed by the aerk induding the finarKial admlnistration, the
operation5 of the Alrnshouses, and the administration of the grants.
The Clerk (and other stsff) are employed by trE St Glles-In-the-Fields arKI Wllllam Shelton
Education tharity to undertake administration on behalf of both charities and salary costs
are shared. This relationship with the other charfty has been fornialised through the agreement
of a fomal Memorandum of Understanding agreed by the Trustee of both charities, which was
ewed in 2021. Together the tharities a￿ knNn as St Giles & St George.
The Charlty is a member of The Amshouse Asgxiation. This provides much helpful Infonnation
on good pracuce, changes in law affecttng almshouse charitles and acts as an authorltatlve lobby
on behalf of almshouse charTties with the government and regulators.
OBJECTS AND ACTIvrrIES
The objects of the Charlty are the rellef of flnandal hardshlp lyy:
The P￿S1On of housing accommodatlon In trE area of benefft for wklows or splnsters In
finandal hardshlp, vAth a preferen￿ for the fomer, who are not less than 60 years of age;
The pro￿slon of grants of money, pa￿ng for Items, Servi￿ or facllltles to persons Ilvlng In
the area of benefit. In exceptional cases, the tnjstee may declde to asslst someone who
does rK)t Ilve In the area of benefft. and
The relief of ￿ck or infirm persons in finanoal hardship generally or indNidualty, with
preferen￿ for sd( or infimi persons in financial hardship Ilving or working in the area of
beneflt.
The Trustee conflrms that It has referred to the gUIdan￿ contslned In the Charfty Commlsslon's
general guidance on publlc benefit vthen revIe￿ng the Charivs alrns and objertlves and in
plannlng future artivEttes and setting the grant making policy for the year.
The Charfty carrles ¢xrt these objects by:
Providing almshouses in the area for 8 older byomen. The St Giles Almshouses comprise
small communSty of elght setf-contalned llats sltuated around an attractive courtyard - an
oasis of calm in busy Covent Garden;
Providing grants to indiwduals living in the area in financial hardshlp;
Providing grants to charitsble oryanisations working in the area who provide servlces to
people in financial hardship or who are Sbck or infirm.
Area of Benefft
The Charity's grant-making is geographical, the area of benefit is the m(Klern ecdesiastTrcal
parishes of St GIles-in-thtr￿elds. St George s, Bloomsbury; arml St Paul's, Covent Garden. In
local authorlty terms, thls Indudes the mafvrTty of Bloomsbury and Covent Garden & Holbom
wards, in Camden and small parts of St James and West End wards in Westminster. It is a small
area to focus on and dose to 50% of the Charivs area of benefft is non-residentsal (open spa￿,
museums, university campuses as wdl as office and retail). None of the ward areas fall into the
20% most deprived nationally.

Page 4
ACHIEVEMENTS AND PERFORPUNCE
Summary of the Year
The focus throughout 2022 has been our response to the cost of libing crisls- thinking ab)ut the
variety of impact that it has had on our stsff, almshouse residents, grantees and local residents.
a) Grant Making
The strdtegic reNfjew (started in 2021) adopted new values of Compasslon; Connection; and
Cont6nuity. Eady in 2022, another strategic revlew sesslon considered how our grant-maklng
policy refiects our values. Tr charity dedded to be more generous wlth our grants to
indivlduals In response to need by:
Increasing the maxlmum grant level from £500 to £600 per person
Fundlng food or enwgy costs (rather than Just one-off purchases) where needed
Extending discretionary applications from outside of the area, especially where there Is
a health need (and often In pathershlp with other funders).
Our oryanisational grants programme remalned unthanged txJt the Charity dld Identlfy a
thSrd pdorfty area - access to afvice.
b) Almghouse5
Following a review of the Maintenan￿ and health and saw pthsion, the Trustee to
appoint a new oryanisatton to provlde these Serv1￿ at the Almshouses. Durlng Ihe year,
the tharfty undertcx)k a thorough assessment of health and safety requlrements. A detsiled
schedule and actton plan were prepared for tr￿ rEw Fjrovider.
c) Human Resources
A revlew of stsff capactty was completed In early 2022. The Twstee agreed (In partnershlp
with St Giles in the ￿eldS and William Shelton Education Charity who are the employer)
agreed to rec￿tt a new part-time Grants Offlcer to support the ae￿ In the admlnlstrauon
and assessment of the grants pyogrammes, and they started in October 2022. The Charity
chose to host an Assoaate through the 2027 programme as a dlverse recrultment method.
The expansion of the stsff team seemed an OPP￿tUne time to undertake a comprehenslve
HR assessment so we."
Revtewed renumeratlon by benthmarklng to similar roles arKI then updated salaries.
Engaged HR consultant to review and uwlate eMplO￿ent contracts and policies.
Review and updated job descrlptfons to refieLt up to date responsibil￿es.

Page 5
ELD
ACHIEVEMENTS AND PERFORMANCE (Contlnued)
Almshouse Accornmod*ion
The main propety project planned for 2022 was the creatlon of a nLVI design for the communal
Almshouse garden, as thls was Iden￿fied as the prlorlty followlng the ftnandal glft re￿Ived In
2021 from the scaffoldiThJ licence. The Trustees prepared a specification and selected a
landscape designerlgardener to undertake the work. There was a con5ultstion meeting wlth
resldents In June to better understand what they Ilkeldislike In the garden and how they
space. The initial design was presented to the residents but they exPr￿Sed a lot of ccK1￿M and
reseNatlons. In the ￿, the Trustee decided to suspend the plans for the moment.
A draln survey was undertaken to provlde InfO￿at[On atM)ut the stste of the underground
dralnage as thls can potentially be addressed ff the garden redevelopment Is undertaken In the
future.
Further cyclical malntenance works undertaken durfng the year are an asbestos survey and the
fixed wlrlng tests.
The tharfty contracted trE property maintenance of the almshouses to DARV who are an
experlenced property management company who work wlth a number of almshouse charftles.
The Trustee continued to ensure that the charlty provides hlgh quality almshouse properties by
approvlng routine Maintenan￿ and minor repairs.
The Trustee undertook the annual reVIe￿ of the monthly malntenance contribution. After the
slgniflcant Increase for 2020, they agreed that the MMC woukl not Increase In 2023.
Almshouse Welfarn
Charlty usually arraThJes tvffj social events for the resldents and trustees each year- Summer
Tea Party and thristmas Lunch.
The Summer Tea Party had to be postp(￿￿ from July to September due to the h&?tw￿e and
then took place Inslde at Dragon Hall Community Centre due to rain. It is a￿ayS a ni￿ occasion
to brirKJ the residents and directors together.
As have a small number of Te5idents, y￿ tske them out for Christmas LurKh to one of the
numerous restaurants nearby. It was a large gathering of resdents, dlrectors and other people
connetted wlth the tharity and a very enjoyable aftemoon.
Our eldest resident Sad￿ passed away at the beginning of December. She enjoyed soclallslng
and her Presen￿ was missed at the Christmas Lunch but we toasted her memory, which she
would have approved of.

Page 6
RT
FTHE
ACHIEVEMENfs AND PERFORMANCE (contin1￿d)
.Grant Making
It was a challenging year for many, but the thaiity responded as needed ty increaslng its grant-
ma￿ng. The ¢yiginal grants tXKJget of £62,000 was similar to last year (£61,000) but slightly
hlgher than the previous year (2020: £58,0￿). In October, the Indivldual Grants budget was
increased to £18,000 In reswnse to tr£ rising demand. but overall the budget was overspent.
Indlvldual Grdnts
St Glles Amshouses
Block Gronts
New Or
anisab'on
rants
Existlng organisatlon grant
£18,CJJO
£16,777
£8,OCKI
£10,502
£0
£16,(X)O
TOTAL
£62,000
£91279
Grnnts to Charltles
Durlng ￿ year, the charity awarded 3 nl￿¥ grants:
St Glles PCC: £I,CKKJ in April to enable St Giles Churth to open on Saturdays to provbde
toilet and WIFI fadllties for dlents of ShowerBox. They yovlde free and secure shower
space for homeless groups in London.
ShowwBox: É24,OCKJ (£8,000 per annum for three years) In October to contlnue
providing free arKJ secure showers for the homeless group across London. They also glve
out toilethes, urKlerwear and other essentiats to ensure each day Ls less of a challenge
for the vulnerable groups in society.
Street Stsrdge: £24,000 (£8,[￿ Fer annum for th￿ years) In October to continue
provlding free, accessible and Secu￿ storage for people experierKlng homelessness. Thls
reduces people's vulnerability while alone on the street and prevents the physical strain
of having to move with belongings.
The grant figures in Note 5 also indude the firkil payments of £8,(LIO each made to C4WS
Homeless Project and Swp Kitchen that was not accounted for in 2020, tre year that they were
approved.

Page 7
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ACHIEVEMENTS AND PERFORMANCE (Contlnu•d)
Grants to Charities (continu*l)
In prevlous years, the tt*rSty has awarded multl-year funding ts the following organisatlons:
C4WS Homeless Project: £24,000 equalty over thrne years In October 2020.
The grant contributes to the salaries of the Welfare team for three sea￿)nS of the Winter Night
Shelter. They provtde additlonal hdp and support trj dients whilst they are In the Shelter also
run w*kly Job Club and Frlday lunch throughout the year. They secured a hostel for the Winter
Night Shelter In 202￿21 as relying on volunteers in thurch Halls was rN)t appropriate under
Covld re5trfctlons and thls contlnued for 2021-22 wlnter season.
Soup IOtch¢n (Whltefield Charlty SK Corpontlon): £24,000 equalty over three years
In Ottober 2020.
The grant contrfbutes to tr£ salary costs of tr￿ Head C￿lKItChen Manager. The Soup Kltchen
provides hot meals, free clothing and toiletrles five days a week for an average of 125 people a
day. It contlnued its provlslon thriyjghwt lockdown.
Drngon Hall: £7,910 equally over the three years In September 2021. The grant will
contribute to their Older People's programme which indudes a wide range of activities. Due to
Covld the early focus was on outdoor activitles at Phoenlx Garden and connectlng wlth nature,
and offsite vistts induding Kew Gardens armj London Zoo.
Grants to Indlvlduals:
Block Grants
The thar(ty provldes 'blcKk grants, to pather organlsations to dlstrlbute as small grants to thelr
beneficiaries (who also Ilve in our aw of bwEfit). We renewed grants to all three partners
durtng the year:
St Andrew Holbom - Awarded £2,CKKI in Septanber
The block grant is used to match or lopup, their indNidual grants (of £500) by up to
£500 extra per person. They carried forward £1,342 into 2022 from a previous grant
in 2021. They awarded five grants during the year totslling £990. They carry fonNard
£2,352 Into 2023.
Joining Communities Together (Jcn- London Hub (fomerly London Jegug
Centre- Awarded £5,000 in Aprfl
They provtde custornised and wactical support to rough sleepers arKI those at risk of
trK)melessness in Camden and Westminster. Bets¥e￿ June- August they spent £502
on 11 grants on 8 dients. In SeptrmLv the Jcr London Hub closed an(t the remalning
£4,498 was repald.

Page 8
ACHIEVEMEKfs AND PERFORMANCE (Contlnued)
Grnnts to Indlviduals (colrtlnued)
St Mungo's- Awarded £3,CMJ) In ju￿ to help people move off the street and support
them to independent livirvj. From octob￿ 2022, they spent £2,218.96 on 7 clients
wlth an average grant of £130.53. The grant was spent on malntalnlng wellbelng and
supporting independence.
Changlng Llves - Awarded £8,(￿ In July 2022 to support homeless groups and
those at a risk of becoming homeless. This helped people move forward and have
control over thelr fubjre, V¥he￿ they can move to their own property and Ilve and
Independent Ilfe. They spent £1,363 on three beneficiaries arKI carrled foNard
£6,640 into 2023.
St Glles Indlvldual Grant Programm•
The budget allocated for individual grdnts In 2022 was £18,(IXJ after the budget had to be
Increased In 2021 In resp)nse to demand.
During 2021, the Charfty approved £16,677 to 32 irKliwduals (2021: £16,843 to 32 individuals)
plus £100 annuity for the fomer Leverton ￿ality. The actual cost of the grants awarded was
£15,316 as one grant was not taken up and savings were made ￿en purchasing the items on
behalf of the t)eneficiaries. Tr totsl grant payment was £16,217 as it Includes £900 extra
awarded by St Pancras Weffare Trust for three beneficiaries. The figures in the accounts below
show grants that were paid dur6n9 the year which may IrKlude grants approved In an earller
year.
We continued to work In partnership with St Andrew Holbom, with their Grants Officer
undertaking grant assessments on our behalf. They started ur￿ertakir￿ home visits agaln durlng
the year, where appropriate.
The majorfty of grants a￿ for new washiThJ machines and other whlte goods but also beds,
furniture and a sofa. There have been an increasing number of requests for flooring as this is
not provided for rEw tenants in 9)dal houslngi despite it often being a condition of their tenancy.

Page 9
ACHIEVEMEKfs AND PERFORMANCE (C(xrtlnued)
FINANCE REVIEW
Results for the Year
Rentsl income is derived from a commercial office spatr in Covert Garden, 24125 Macklln Street.
The current tenant slgned a 10-year lease In Juty 2015 and has been an excellent tenant stn
then.
The net defiot for the year. after taklng Into aCc￿nt the net losses on Investment assets for the
year of £130,130 (2021: net gains of £108,628), amounted to £151,688 (2021: net deftclt of
£100,023). Total Income amounted to £164,886 (2021: £187,611) and included rental Income In
respert of the Charft¢s properties amountfng to £71,247 (2021: £71,247); £23,028 (2021:
£19,575) from dlvldend5 and Interest of Investments, and contrtbuttons from Resldents
amountlng to £67,254 net of volds (2021: £64,341).
Totsl expend6ture amounted to £186,+H (2021: £164,222) with £171,389 (2021: £153,154)
belng InoJrred on Charitsble Acbvities, £40,910 (2021: £59,819) of which was SncuTred on the
Almshouses, and £92,324 (2021: £63,678) on grants and annuitles. Cost of Ralslng Funds
amounted to £15,055 (2021: £11,108). ExperKliture is analysed in more detail in note 4 of the
accounts.
Thls has resulted In Unrestrlcted Funds at the year-end of £521,107 (2021: £538,121) Including
£275,311 (2021: £343,926) of Designated Funds, and Pemanent Endowment Funts of
£2,490,241 (2021: £2,624,915). The assets of the charfty comprise investment Fyoperties of
£1,495,OLK) 24125 Macklln Stre¢ London WC2, Invesbnents of £1,041,828 managed by
Investec; different deposit accounts totslling £460,898 via Charities Aid Foundation Deposlt
Platform managed by Flagstone; and cash balances of £74.250 p￿1)minant1Y In the Current
Account.

Page ID
ECE
FINANCE RE￿Ew (continued)
Reserves Pollcy
The Trustee has agreed that the charlty should aim to hold reser￿ equivalent to at least slx
months core running costs for the charity, (including the almshouses and the individual grants
budget). Tr level of costs h&4e been reviewed and uwlated and the mlnimum level of reserves
Is £98,000.
In addition, the charfty has a number of deggnated funds and these have been drawn on during
the year rather than trE general reserves (more In Note 14).
Extraordinary Repalr FurKJ has £95,058
CyclScal maintenan￿ Fund has £93,835
Residents Welfare Fund has £69,709
Grants Fund has £16,709
The generdl reseNes stand at £245,796 so the tharity has slgnlficanty hlgher reseNes so the
Directors wlll conslder how best to utillse them.
Investment Polky
The Trustee has provlded Instrucuors to the Investment Brokers to manage the investment
portfolio wlth a view to achieving a balanced retum between capltal growth and Income wlth a
moderate risk proflle.
For 2023, the Trustee has instructed the Investment Brokers to manage the portrollo to protect
the (real) value of the permanent endowment In the current ￿VIrOnMent of hlgh Inflatlon.
Therefore the charity will ￿uS on caixtal growth and not seek to ger£rate Income from
dividends. This decision will be r￿eWed for 2024.
The Trustee revlews pothlio and cash balan￿ on a regular basis.

Page 11
E-FIEL
PIUNCIPAL RISKS AND UNCERTAINTIES
The Tnjstee conslders risks in five key areas: straw, governan￿ and management;
operational; financial; environmental and extemal; and legal and ststtjtory. hjl identified risks
are assessed for both likelihty)d of occurrence and the wenlial impaLt to give gross rfsk.
Mitigating controls are considered, giving a net remaining risk. The rfsk management strategy
fonns part of the plannlng process, against whith the Trustee rewews risks fomially every year.
The charlty needs to malntsln appropriate sktlls and commltrnent within its trustee tody. Failu
to do so glves rfse to the risk that the board cannot operate effecbvely. The charlty has
eSta￿Sshed a recrultment and IrKluctlon pr(Kess for ne￿ trustees and Offe￿ exlsting trustees
access to a range of training opportunltles. Tr trustees undertook a skllls audlt to revlew and
agreed a ￿115 actim plan.
The charity Is dependent upon the instibjtlonal memw provlded ty the a&*. Should the aerk
reslgn or retlre, the charfty rlsks loslng access to key stakeholder relationships and knowledge.
In future, the charity wlll seek to expand the way In which key stakeholder relatlonshlps are
managed so that these a￿ sha￿d more widely across the trustee boty.
The charfty Is rellant upon a Ilmlted number of Inc(yne streams and could be subjett to a sudden
loss of income, pa￿cularlY arislng from a vold In ￿ntaI of sts property In Mackiln Street. The
charity aLtively monitors monthly income and seeks to Identify any potential threats of future
loss of Income. In the coming pwlod, the charity will make finandal plans for a fvture vold at
ma￿1n Street and assess the reser¥es.
The charity is dependent upon a third-party gjppller (DARV) for the malntenance of the
almshouses, with significant relian￿ on their expertlse, knowledge and access to other
contractors. A seDAce-level agreement is in pla￿ and they deliver monthly rewrts on activity.
PLANS FOR THE FirruRE
The aims of the Trustee indude:
Almsh(MJses- to selert a new resldent for the Wdcant flat
Almshouses- to undertake full re￿￿1ShMert of the vacant flat
Grants - to Identlfy potentlal new grant reclplents partlojlar the new theme of ac￿5 to
advl
Governan￿ - to engjre succession to a new thair of trustees
AlMSh(￿ses- to P￿pare for the digitsl %wtchover comiThJ in 2025

Page 12
srATEMElff OF TRUSTEE'S RESPONSIBILrrIES
The Charws Trustee Is res[M)n￿ble for preparing accounts for each finanaal year that give a
true and fair view of the Charitys financial actlvlt5es during the year and of Its state of affairs at
the end of the year. In preparing the accounts, the Tnjstee should follow best practi￿ and:
sdect suStable accountlng pollcles and ap*y them cons15tently;
make Judgements and estimates that are reasonatrAe and prudenL'
stste whetrer appllcable accountlng stsndards have been followed subjett to any materlal
departures disclosed and explalned In the accounts.
prepare the accounts on the going concem basis unless It Is Inappropriate to presume
that the Charlty will contlnue to operate.
The Trustee is responsible for keeping proper accounting records which disdose with reasonable
accuracy at any tSme the financlal posEb'on of the Charity and which enable them to ensure that
the accounts comply with Charities Act 2011. TPEY are also responsible for safeguarding the
assets of the Charity and hence for takn'ng ￿asonable steps for the pr￿tron and detection of
fraud and other Irregularities.
By order of the TrLtstee and signed on its behalf
Revd Thomas Sander
Chair of the Directors of ￿ co￿te Trustee
/s Ap4- ￿ 2023

Page 13
Independent examln*s report to the ljvstee of St Glles•lTrthtrFlelds and
B1(￿M$bUry Unitod Charity.
I report to the trustee on my examination of the accounts of the St Giles-in-th&Fields arKI
B1￿mSbUry United Charity (the Charity) for the year ended 315t December 2022. whlch comprise
the Statement of Financial Activities, the Balan￿ Sheet and related notes.
Thls report Ss made to the Trustee, as a bth. In accordance with the terms of my engagement.
My work has been urKiertaken so that I might cary out an Independent Examination of the
flnanclal statements in accordan￿ with the Generdl Direttrons given by the Charity
Commissioners. To fullest extent permitted by law, I do not accept or assume responslbS11ty
to anyone other than the Charity and the Charivs as a bottrf my worl( or for thls
Responslbllltles and basls of reptyt
As the charlty trustee of the Charity you are responsible for the preparation of the accounts In
accordan￿ wtth the requlrements of the tharltles Art 2011 (Ihe A￿. The Charltys Trustee
conslders that an audlt bs not required for this year (under Section 144(2) of the Charities Act
2011) and that an IrK1ep￿ent EXamIna￿On Is requlred.
I report In respect of my examinatlon of the a)ariVs accounts carried out under seLtlon 145 of
the 2011 Act and In canwng out my examSnation I have followed all appllcable Dlrertions glven
by the a)arlty c0mmb￿0n under section 145(5)(b) of the Act.
Independent examlnerfs statem
I have completed my examlnatlon. I conflm that no materlal matters have c(*ne to my attentlon
In connectlon wlth the eXam1r￿tion gNing me cause to believe that in any rnaterial respect:
accounting recorts were not ke0 in respect of the Charity as required by section 130 of
the Art; or
the accounts do r#)t accord wlth those records; or
the accounts do not CoM￿Y with the applicabte requirements Con￿mIng the form and
content of accounts set wt in the Charities (Accounts and Rep￿ts) Regulations 2008
other than any ￿quIrernent that the accounts give a true and fair view which is not a
matter consldered as part of an Independent examinatton.
I have no conttms arKI have cL¥ne across no other matter5 In conneclion with the examlnauon
to which atten￿Oft should be drawn in this report in order to enable a proper understanding of
the accounts to be reached.
Richard Billinghurst FCA
KrK)x Cropper LLP
Chartered Accountsnts
65 Leadenhall Street
London EC3A 2AD
2023

Page 14
l ￿￿4X)

Page 15
E-FIE
AND
FOR THE YEAR ENDED 31¥T DE
MBER 2
Note
Investment Properties
Investments
1,495,(MX)
1041828
1,495,C
1182 196
2,536,828
2,677,196
CURRENT ASSErs
Debto
Investments
Cash at Bank and In Hand
io
li
li
26,2n
47,730
396,477
102 703
546,910
561.419
CREOThORS
Amunt FalliNJ Due Wlthln
One Year
12
NET CURRENT ASSErs
474,520
485,840
NEf ASSErs
£3 163 036
Represented
UNREsfRicfED FiINDS
General Funds
. Deslgnated FurKIs
14
14
245,7%
193,838
521,107
2,490,241
538,121
1624,915
PERMANEiif ENDOWMErir
TOTAL FUNDS
£3 163 036
Approved by the Tw5tee on
2023 a￿1 skJrEd on thelr beh*.
Revd T Sander
Chair of Directors of the corpYKate Tn

Page 16
AccouritING POLICIES
a) Basls of Preparntion and Asses￿ af 90ing coiicern
The accounts have been prepar&J urnler the htstorkal cost conventlon wth the eX￿ptIOn of
lnvestff￿nts which are irKlu(kd at market value. The fI￿￿￿￿al ststwnents have tÉen prepared in
accordan￿ wlth the strt￿t of RecixnmerKled Practi￿. AccountiTrJ and Reportlng by Charldes
prepadng their &counts in accordan￿ wtth the Flnandal Re[m)r￿n9 Stsndards applicable in the
UK and Republic of I￿larKI (FRS 102) and the Finanaal Repytiro Stsndard applicable in the Unfted
Klngdom arKI ReputAt of I￿1)r￿ (FRS 102) and the Charltles Act 2011.
The Charity a publlc txnefft th as defined by FRS 102.
The Trustee considets that there a￿ rn matetial untrrtaint*s atout tre Charivs aljilty to
contlnue as a golng con￿rn. In forniirKJ thls oplnlon, It has considered the impact of the COVIt>
19 parthic, the war in Ukraine arxl the ajrrent economlc cllmate on carryiThJ value of
assets and ItabIll￿e5 and ftjture Incc4ne streams arthy experKlItU￿ for a Fedcd of at least twelve
months fr￿ the date of apprcNal of these financial siatern￿ts.
b) Fund•
General fvnds ￿preSert the funds of the Q￿rity that are not subJe(t to any restrictlons wardiTrJ
their use and a￿ avaIlal￿e forappllcatlon to tre general purFrf)5es of the Charfty. Funds designated
for a parucular purpose ty the Charity are unrestricted. Restrictsj Funds are furmls whlch are
usal in accordar£e viith s￿ffic restrlLkn Imp)5ed by doror5 ￿ whlch have been rntsed by the
Charity ftK a particular pur￿.
c) Income
l inccrfne i5 rwJnlsed On￿ the charlty has entitiement to the IrKoff*, It Is probable thjt
Income wlll be r￿efved, and the amount of Incorne recetvabk can be measured rellably.
Donatlons we reLyJgnl￿l when banw try or on I￿rr of the Charty.
Rental Inccffie Is rKcgnlsed on a strahJht41ne basb over the l&)se term. The aggregate cost of
lease In￿tiveS is rwnised as a reduction to income the lease temi on a 5tsawht41ne basls.
Dividend interest income are accoun￿ for when recelved a5 Is any Inccffie tsx recoverable
on such Inc0Th￿.
d) Expendlturn
Liabilities are recr)Jnlsed as exFwdlture as as there ts a Wl or construttlve oblSgatlon
commltting the charlty to that ex￿TraIlure, it is protsable that s&Yement will be requlred. and the
amountof the c￿lgatIOn can ￿ measured rellabty. All eypendthre Es aca￿nted for on an acuuals
basis. exr*nses indLMIIThJ SUPFKKt costs and governan￿ o)Sts are alkxated or appyt￿ned to
the aOicable expendlture headlngs.

Page 17
ljk
THE
ACCOUI(fiNG POUCIES (contlnued)
Investm￿ propyt￿$ are stated at falr Val￿ as det&mlnèJ ty the Trustee.
f) Inve¥tments
Invesbrerts are a fomi of bask flnanckil Investn*rt and are initially reLYyJnL￿ at theirtransactlon
value and subseqw)Uy measured at fair fdlue a5 at the ba￿r￿ Sheet date u51ry lthe closlng
quoted market pri￿. The siateffent of finandal actlv115es Indth the net galn5 and ksses arlslng
on revaluatbns and dlspjsals throughout the year.
Reallsed galns and losses on Investments are calojlated as the drfferen￿ betr￿n sales prcceets
and their 0[￿nIng carryirvj value cff thelr purchase value If aCquIr￿ subsequent to the flrst day of
the flnanclal year. Unrea15sed gains and105ses a￿ calculated as the dIfferen￿ b&ween the falr
value at the year end and thelr carrylng value.
g) Current AM•ts and Uabllltles
AJI knu•vn current assets a￿ br(wht into the accounts at the amounts whth tfw are expected
to reallse. Al knch¥n liabllltles are brought irto the ￿L￿Unts at ttr￿r expeded cosL
h) Sl9nlflcant M•nagemert judgem￿ and Ertlm•tk￿ Un¢¢rtalntl
The foll0v￿r￿j are the crftlcal Jtyments and %)Ur￿ cl e*lmthn untrrtalnty that the
Tru5tse have made In the proc￿5 of apkqylng ts d￿rI￿5 ￿roUntirrfJ poliaes and that have the
most slgnifkant effert on arnounts reaNJn15ed In the fina￿1 siatwnents:
The awrfty carries its Invest￿ property at falr value, wlth thange5 Ixlng r￿nISed In the
ststement of Anandal Activit*s. Tr Trustee has a55essed the values based ¢)n current market
rates and are of the optnlon that the fair value of the Investr￿t properties has changed
materfalty slr£t the last extemal valuations as disclosed in Th]te 7 to the fln)￿￿1 ststements.
Delxors a￿ rffc#Jnlsed Inltlalty at the settkn*rt due after any tT* dlscount (Ifered. In
re$￿t of accounts tt*re are IrKJtakns that a deitor may t￿ Impalred or rKJt collectllAe,
a provislon Is rEcorded bas&1 on best estimates to redu￿ the receivable balan￿ to the amount
that ts exFeCted to be collected. Factors consIde￿I in maknn9 a prortsbn Include the historlcal
paywEnt arKI collecth)n e¥perlerKe arKI <*ttors' credf( worthlras.
INCOME FROM IIIVEsfMENT5
2022
UThresltkW Deslgnated
Funds
Funds
2021
Total
Rents ReceNabfe
DNidends and Interest on Loan Stock
Inte￿st Recelydble
71,247
23,028
47
94,322
71,247
23,028
47
94,322
71,247
16,762
,822

Page 18
-FIELD
AND
NrrED
INCOME FROM CHARrrABLE ACTivrriES
2022
2021
Resident maintenan￿ Contnlyjtions
Vothys
67.254
64,341
EXPENDmiRE ON
2021
Totsl
RAISING FUNDS
Funds
Endowm•nt
Legal Professlonal Fees
Pror*rty RefurI￿shMent
Securtty
Insurdnce
Uts'lities (LhJh¢ Heat and SuThJr*s)
Investment Managers F
2,IlXI
2,100
2,137
2,137
2,187
439
2022
2021
Almshou￿ Expendlture
Careline
Repairs and Maintenan
Cyclical Repalrs
Prcferty Refurt)Ishment
Managen*nt Fee
ht and Heat
Water Rates ar&1 CourKII Tax
Insuran
aeaniry arml Sundr*s
Welfare
2,082
9,911
2,557
2,082
6,836
18,438
10,649
6,576
1,827
1,479
13,329
1,102
1,358
3,071
Grants
Annulty
Grants to IndwKluals
Grants Payable to AImS￿use Resldents
Grants to Organlsat6ons (Note 5)
16,722
15,318
aerks Salary and Social Securfty
Grnnts Offlcer
Legal and Professmy￿1
offi￿ Expenses
Ns%)dthn Mem￿rshIP Fee
23,512
2.015
3,756
3,497
187
424
4,080
429
255
17,045
1,860
2,620
2,509
182
421
3,840
426
754
Sundrles
IndeFendent Eyaminattiin
Bank I￿argeS
171389
No Dlrector of the corpordte trustee recewejj any reMunernt￿jn. The Indepvmdent Exam[￿7t10n Fee
amount& to £3,4CM) eXd￿Ilng VAT. (2021: £3,2LKJ).

Page 19
THEA
GRAPMS TO ORGANISATIONS
2022
2021
BknMsI￿ry Centrat Baptst Churth
C4WS
Changing Lives
Covent Garden tkngon Hall Trust*
London Jesus Centre (￿nan￿d ￿ Loth)
5,OOD
23,rJo
24,L
ngle Homeless Promt
St Andrews Holbom
St George's P
St Glles, PCC
st Mungo's
Street Stor•3e"
Whitefield Charty SK Corwratkx (Soup Kltthn)
3,530
3,000
3,000
24,COJ
75,502
48,260
*Awarded muluwrs grarrts
KEY WINAGEMErir PERSONNEL
Key Manag￿nert Personrd Is defiwl as the Dlrthrs crf the Cuwrate TrLLStee and the aerk to the
Trustee.
None of the DlreLtcrfs rece6wJ any enKlurrMts. The emoluments of the aet* to the Tntstee,
durlng the year, were as fdlows:
2022
2021
Emoluments
23,512
17,045
Total expenses ffimbursed to the Dre(tors
35
28
EMPLOYEE INFORMATION
There were no ernthe5 who ￿￿pk￿￿e L￿￿fits eK(Eediry £60,0(XI (2021: None).
The average weekty numlw rf ysons (Indudlry Clerk to the Tru5tee5) empw durlng the year
WRS:
Offts staff
Wages ar*J Satarles
Soaal Securtty C05ts
Pension ContributDJns
22,987
16,fA3
525
23,512
402
17,1)45

Page 20
E-FIELD
MSB
RYU
L•
Contin
THE
isf DE
22
FIXED ASSEfs- INVEsfMENT PROPEKllES
2022
2021
At 1st January 2022
Revaluation
DIsF*xal
At 31st DeC￿ter 2022
1,495,ClXI
1,727,CrtlO
(232,OC(I)
The atrKNe Is repre$￿ted ty tre folkyAryng property:
24125 Mackjln StreeL Lorthjon WC2
1,495,OCKI
24125 Macklln Street was reval￿1 as at 31st Decanbex 2021 by matth￿ & G￿lMan LLP. The
valuauon was caThied out by a RICS Regi%t¥wJ Valuer In accordan￿ wtth'RICS ValualJon- Professlonal
Standards (incorporntiro the Intwnational Valuauon Stsndards) - Global UK edltbn published by
The Royal Instltution of Chartered Survryors, effecOve from 31 January 2022).. The current COMM￿claI
lease on thls property is due for renewal In Juty 2025. The Trust* has considered current rentsl market
and Its expeL1ations for renewlng the knse and, basèj on ttr￿ conskleratlons, has fornkd the Iylnlon
that the falr value of the property has ￿t Cha￿ed sKJnlfkanty.
The Charlty a150 u•ms the Freeh(Ad of 17A Macklin Strt Lon￿ WC2, wherethe ChariVsAlmshouses
are kncabj. Thls property [5 IF4ilknable and ts not ￿1￿j in the ￿unts.
FIXED ASSEfs INVEsfMEIITS
QIIOTED INVEsfMEIITS
2021
Total
Fund•
Endovfflimt
fot41
Market Value at irt January 2022
AddithJns
Transfers
Dlsposal PrrKeeds
Unrealise(IIRealised Gains
Market val￿ at 31* December 2022
46,751
4,447
I,L(kS,449
105,242
1,153,2C
109,689
1,050,578
79,376
(4,886)
(115,643)
124 295
971,753
(120,529)
129 547
1,012,813
(85,382)
108 628
1,153,200
41,060
Broker Cash BalarKes
42,236
999,591
1,041,827
1,182,196
In additK)n to the alThe, there ts £583 of unreallzed ￿[n T￿nIZed on the SOFA kn COnn￿lon with
the CAF Deposit platfom Ir￿Udg￿ wlthln current a55ets.
10. DEBTORS
2022
2021
Resldents Incoffe Recdvable
Rentsl Income Receivable
Investment IrK(The Receivable
Trade Debtors
Prepayments
23,914
31677
2,358
15,053

Pa9e 21
IN-THE-FIELD
AND
NOTES TO THE ACCOUK
11. CASH AT BANK AND IN HAND
2022
2021
Current ACc￿nt
Deposli kcount
74,250
102,703
12. CREDrroRS:
Amounts falllry due wlthln l Year
2022
2021
r*cted Charlty (Note 13)
Trade Cr&Jltors
P£cruals and dderred Income
8,070
2,757
4,899
1,348
13. CONNEcfED CHARMES
The St Giles.in.the.F￿d5 paT￿la1 CIKrlile5 whKh comfv
. St Glles.1n-thtr￿ek￿s and Wllllarn Sheltcffi's Educattonal Foundatlon
• St Glles-In4htrHekJs aThJ Bl¢x¥n5bury Untted Charlty
are rdated because therf have common t*rectors, althO￿Jh any trnnsacuons LEt¥•￿n the Charltles are
at ami's ￿n9th. St Glles-In-th*Flelds arkl William Shelton Ij￿rfty Incurred o)sts on behalf of St Glles-
In-th*Flelds aTrJ Blcom5twry United Charlty anK)unttng to £27,298 (2021: É19,775). £8,070 (2021:
£4,899) wa5 due to be pakl at the year e￿1.

Page 22
BER
14. UNRESTRIcfED FUNDS
At Iir Jan￿ry
2022
Transfer
At 314
December 2022
Movement
in FuThts
Funds
Unrestrkted Fund•
neral Funds
193,838
64,830
(12,872)
245,796
DeNlgnated Funth
ERF
(YF
RWF
Grants
90,322
88,256
73,494
4,736
8,136
95,058
93,835
69,709
{2,557)
{3,785)
344,283
(81,844)
12,8n
275,311
At 3111 Decemter 2022
521107
The Charty mlntslns t￿￿ de5Wted funds set up to carry rna￿r repalts JNI wlkal malntenan
at bts Almsh(￿e5. The funds are detslled below.
Extraordlnary Repalr FuTrJ (ERF)- Thts Isa resen￿ fund for f￿jre major exp￿d￿turetO whth transfers
re made from the G￿eral Fund. It can be drawn uFwi to meet tstr6 of repalr as agreed by
the Board.
Cyclical maIntenan￿ FurKI (CMF) - Thb fund, to whkh transfers are made from the Generdl Fund, Is
to meet Maintenan￿ occurring at wular InteNaLs. FLY examp￿, Intemal {refurbishing kftchens aTr
bathrooms), extemal redec<Yatk)n and ts cost of pro￿s1onal fees s￿h as for Quinquennkryl
Ins￿On5.
Restdents Welfare Fund (RWF) - Thls fund will offer support to Almsh(xJse resklents at the dlscretbn
of the Twstees. It can ay￿ a rarye of general supwt for all alr￿ resklents or suppjrt for a
re5KknL
Grants FurKI - This fu￿1 wlll ensure that the a￿rity can rnainiain aThl even exparKI ts grants to
oryanisabons over the next few years.
The ERF artrJ CMF are topped up each year from the unrestrtted reserves b3sed on Weted figures,
wlth transfers In 2022 of £4,736 and £8,136 re5￿tive￿.

Page 23
R THE YEAR ENDED
Isf DE
EMBE
15. NEf ASSEfs BEIWEEN FUNDS
Fun
Total
Investment Proraties
oted Investments
Current Assets
cred￿r5
1,495,IJ)O
995,241
1,495,000
1,041,828
561,419
46,587
561,419
521 107
2 45YJ 241
3 011348
16. UNrrs IN MANAGEMENT
At 31* December 2022 arKI at 31st Dec•nber 2021, the Charty had dght unlts of AIrn5hO￿e
acXx)mrn￿at1On.
17. C014TINGEi¥f LIABILrriES
At 311t December 2022, the￿ were no knNn contlngent Hat4iitles.
18. CAprrAL COMMm4ENTS
2022
2021
Captsi &Ypwkliture that has beffi (¥)ntracted for txrt pThided
for Sn the FlrKindal 5￿t￿l￿￿
19. RELATED PARTY TRANSAcfIoNS
There are no rdated party trarsKUons for 2022.