WEST STREET CHARITY
Registered Charity Number 1135436
ANNUAL REPORT AND FINANCIAL
STATEMENTS FOR THE YEAR ENDED
31sr DECEMBER 2020

Page I
EEf CHARrrY
EFERENCE AND ADMINisfRATIV
Constitution
West Street Charity is a reglstered tharity, No 1135436. arK1 is managed ty a ixxjy of trustees.
Trustees
The West Street Trustee ￿Mited (Clyn￿nY nurntr￿r 11508044) was apwnted COfTX)rate trustee of West
Str*t Charity on 20th February 2019. At that date, the exists.ng trustees of the Charity became directors
of the Corporate T￿￿tee and act in the capaoty of tru*ees of West Street Chanty.
The tnJstees WIKJ served duriry the year were:
The West Street Trustee ￿Mited
(apF#)Inted 20th February 2019)
The Custodian Trustee is the L(￿dOn t)iocesan Fund, 36 CaUstC￿ Street, London, SWIP 4AU.
The Princlpal Offlcers are:
Chalrman
Rev. A.C ca￿ {reggned 2P D￿miEr 2019)
Dr W Jame5 (app)inted 2P December 2019)
Dr W James
Mr O Hory (appointed 25th t)ecember 2019)
Secretsry
Mr R ThrcthN
Treasurer
Mr W Grutxly (appointed W July 2019)
Standing Committee Chaimian, Churchwarders, Seuetsry and Twsu
Vice Chairnian
Professional Advisors:
Registered Auditors:
Knox crOp￿r LLP
Chartered Accountants
65 Leadenhall Street
London EC3A 2AD
Bankers:
Unity Tnjst Bank
9 Brindleypla
Blrmingham Bl 2H8
Sollcltors:
Prince Evans Sollcitors LLP
Craven House
40-+1 Uxbndge Road
London W5 28S
Property Agents:
Farebrother
Chartered Survey(Ks
27 Bream's BuildirKJs
LoThJon EC 4A IDZ
Property Agents:
The LDG PartrErship LLP
39 Foley Street
London WIW Trp
Chartered SuNyors:
KBW Chartered SuNeyors
Oty Temple
Holborn Viadutt
LorKlon ECIA 2DE
Principal Office Address:
st. Giles-in-th*FElds, 60 5t Giles High Street, London WC2H 8LG.

Page 2
WEST sfREET CHARTrY
PORT OF THE TRusfEES
srDE
EMBER 202
The trustees submit their reEx)rt and accounts of the Charity for year ended 31st t)￿ember 2020.
Trustees have adopted the pmwsions of Accounts"ng and Rep)rting by Charities: Statement of Recommended
practi￿ applicable to charities prepariThJ tFEir accounts in accordance witb the financial Rewrting Stsndard
applicable in the UK and Republic of IrelaTrJ (FRS 102) leff￿￿ve l January 2019).
srRucfuRE GOVERNANCE AND MANAGEMENT
Legal Status and Constitution
The West Street Chanty is registered with the Charity Commi55ion (No. 1135436).
Trustees Appolntment and Trainin9
The West Street Trustee ￿Mrt￿l [C￿nP5nY numlw 11508044) was appointed corrM)rate trustee of West
Street Charity In February 2019. The Directors of the Company are the Trustees of the Charity and are the
members of the Parochial Church Counal (PCC) of St. Giles-in-the-Fields who are elected at the Annual
Porish Meeting and Annual Parochol Church Meeb'r¥J in April each year. New members are inducted by
the Rector and the Parcthial Church Coun(il.
Management Arrnngements
Trustees met on seven occa5ton5 in ￿ year to 31st Decemter 2020 to consider maFkAgement matters in
spect of the Charity's proFerty and to make grants to St Gile5-in-the-Fields PCC. The main topi￿ of
business COn￿m￿l tr* refurtH'shment of 24 West StreeL the res￿ents.31 letbng of 26 West street and the
commercial letting of the Lower Ground Flwr of 26 West Street. The Standing Committee met six times
in the year to review management accounts and general matters relating to the prOpe￿"e$.
Risk Management
The Trustees continued to assess the mapr risks to which Charity is exposed, particularly those ￿lated
to the OFerations aTh1 finances of the Ctsrity. The Trustees recognise a number of key risks faced by the
charity, which are outlined below, and are satssfied that wstems are in FA0￿ to mitr.gate the exposure of
the Charity to these risks.
External risks
Tenant default- constitutes a risk to
in(JJrne and ultimatel to ca
itsl value
Economic ouVook- adverse economic
trends tF*t may affe(t capital value
Miti
ations
Use of professional agents in tenant d
ence oTrJ mana
ment
C¢￿tr"nUed rnaintenan￿ of low geariThJ and
conservation of reserves
Profes90nal advice in understsndirKJ char¥Jing
demar￿5 and needs from reydential and
commeroal tenants
Su5tsin relationships with our bankers
Obtsining profes510nal advice in arrarvJing and
meeting new finanang requirements
Availability of external finar￿ on
acceptsble terms- maintaining and
enhancing the ca￿trI value of the portfolio
uires debt financi

Page 3
Esr srREEf CHARrrY
REPORT OF THE TR
OR THE YEAR END
EMBER 2
Internal risks
Portfolio con￿ntra￿.On -
COn￿ntrated in West street
Ersurirrfj propertie5 are 5Ulted to changing
needs of I(￿al tenants
Continued rna1ntenan￿ of low gearirwJ and
conservation of rese
R￿OrOuS review of devebopment opportunitie5
and risks utilisirKJ extemal professional advice
seekn.ng fixed price contracts with building
contractors
a05e monTtoring, tcMJether with our extemal
advisers of active develo
ments
Development refurbishment-
development and reftjrfoishment offers
ability to maintsin or enhance capitsl val
of asset but carries risks to plannirKJ,
construrtion timing. costs and lettr'rrfj
OBJEcfIvES AND ACTivmES, PUBLIC BENEFrr
Objectives of the Charity and its Public Benefft
Tnjstees a￿ mirMJfvI of the rules of Charits"es Att 2011 and the guidan￿ is5￿1 by the Chartty
Commission with regard to public benefit and arts in a(KOrdan￿ with this guidan￿.
Aims
The aims of the Charity are to maintain improve propth of Charity124 and 26 West Street)
and to support the PCC of St Giles-in-the-fields in its work of ministry arKI misson and maintsining the
fabric and grounds of St GIl￿-1n-the-Field5.
The Charity's Property
The C￿rity owns proFwbes, 24 and 26 West Street (the latter named 'Tr Mission House? and
re￿iVeS rental income from t#)th. Legal tttle to the properties 15 held by the London Diocesan Fund in
Trust for the Charity. 24 and 26 (grou￿1 fli)or only} West Street were not let in the 2020. The upper floors
of no. 26 COmp￿Se four resloenb'èl flats whitt) were let out to tenants dunng 2020. The lower ground floor
of The Mission House is let as Offi￿ accomm¢)Jatr"on.
Aims •nd Objectives for the Year
The trust￿. primary aim for the year wa5 to ur￿ertake the refijthshment of the (tmnmeroal offitr space
in 24 West Street arKI the ground flwr of 26 West Street in order to maintsin and conserve the historic
building and re-let the space to a commeroal tenant. At the same time, tr* trustees contr'nued to ensure
that the Charity's remaining prO￿rty was maintsined in go(xS order. In light of the chanty's redu￿ income
suItiNJ from the va¢Jncy in 24 West Street, the trustees tLK)k the deosion to temFKprarily suspend grant
making to the St Giles-in-the-Fields PCC in (￿der to Cor￿rVe its reseryes to help fund the refurbishment
work. It is the trust*s aim to resume grdnt maknng as 9￿n as possible following successful completion
of the works.

Page 4
RE
THE
UStE
THE
REN
Achievement of Objectives
During the year the Trust￿ and Directors providay a grant of £15,0(KJ (2019.. £205,WO) for the UPk￿p
of Church of St. Giles-in-th&￿eIds. HavirKJ taken from its propetty agents and professional
advisors, the Charity applEd for and was grantsl an In￿8501 trM)rrowing facility from Unity Trust Bank to
finan￿ the refurbishment of 24 West Street in am(￿nt of £2,437,101, including the refinancing of
existing borrowing. Having s￿red this fina￿ing. the CtrkHrity inib.ated y￿rk to refurbish and m¢xlernise
the ￿0&Erty in November 2020. The Charty ccntinu&J to obtsin income from the letting of the ￿IdentIal
and cofftmercial proF*ty I(￿ated In 26 West str
FINANCIAL REVIEW
Results for the year
The trustees made grants of £15.000 (2019: E205,0(K)) to the PCC of St Giles-in-the-Fields out of the
rentsl income receiv￿1 frc¥n its properties. The trustees regard Charity as a significant financial
resource. The trustees have revi￿ed bjdgets and cash flows for a ￿1cl￿ of 12 months frc¥n the date of
signature of these accounts. Surplus from rental incoffle. and the existing finar￿la1 resources, are deemed
sufficient to ftjlfil the chariWs Obligati￿$, including the Se￿ICIng and repayments of a loan from Unity
Trust Bank plc. Trustees give carefvl thought to inVestme￿t of s￿h income. The trustees will continue
to monitor the reseNes W￿ltIOn to ensure that the level of reserves ￿MaInS appropriate for its objectives.
During the year the Trust￿$ pmwded grants sokly to the Par￿la1 Church CourKil of St. Giles-in-the-
Fields.
Trustees do not ￿ld a fcymal Reserves P￿KY tyJt are min(fful of the r*ed to have sums available to
supwrt the ministry and mission of St G1les-in-ttr￿F1￿dS We￿ it to experien￿ unexrÉrted financial
demands and to provK1e for the rna1ntenan￿ and upkeep of its proEErties. During 2020 the trustees
reduced the grants given to St Giles-in-the-Fields in order to ensure that it has capital sufficient to
undertake refurbrshment and Maint￿￿n￿ WO￿ 24 West Street.
Revaluation Reserve
In June 2020, Unity Trust Bank Pk LFndutcw)k a Valuati￿ of 24-26 W& Street throjgh external advlsors
Sander50n Weat￿ra11. This valuation detem)irEd that. pri￿ to its refurbishment, the value of the
prO￿lty had reduced versus iys caryiThJ amount by £2,708,942 (2019.. £nil) with a carrying value of
£10,195,000 (2019.. £I2,￿3,492). As the refurbishment w0￿S are ongoing, we have determined to
recognise this in the finarKial statements in of detemiining a refurbished value in 2021 On￿ w￿5
are complete.
FUTURE PLANS
To continue to manage and let the prorErty of the Charity at 24 aTrJ 26 West Street.
To maximise the income from 24 and 26 West Street.
In order to meet these obFcbves, the TrLStees have urMJertaken the refurtmshM￿t and m(JYemisation of
24 West Street during 2020 and into 2021

Page 5
EEr
R ENDED
1ST DECEMBER
STATEMENT OF TRUSTEES RESPONSIBILMES
The tharity's tnjstees a￿ reS￿nsible for prepariThJ the Re￿￿t of the Trust* aThJ the financial ststements in
CCOrdan￿ wth applicable law and Unrcd Kingkni AillNJntirwJ Standards (unit￿ Kingdom Generally
Accepted Accounting Practi￿) includirwJ Finanoal RerKrting Stsndard 102 'The Financial Rewrting Standard
applicable in the UK and Republic of Ireland..
The law applicable to charitie5 in Engkind and Wale5. the Charrbes Act 2011. Charity {Accounts and Reports)
Regulations 2008 and the provisions of the trust deaj requi￿$ the trust￿ to mare finanaal statements for
each financial year which give a true a￿1 fair view of the state of affairs of the Chanty and of the incoming
resources and akylicati￿ of resources, i[￿udir0 income and expEnditure, of the Charty for that period. In
preparing those finarKial st*ements, the Trust￿ are r￿Uir￿1 to..
select 5utsble acccwnts.ro Folicies aTrJ apply t￿7 a)nsistentty:
make itKlgements arKI estimates that are reasonab￿ and pr￿n1.
Observe the methc(Js arKI prin0￿ in the Charity SORP.
r*epare the financial statements on the goiThJ crmcern basis unless tt is inappropnate to presume that
the Charty will ccx)b"nue to owate.
The trustees are responsible for k*ping [Y(￿r accounbng records which disclose with reasonable accuracy
at any time the financial posftion of the Charity orKJ whth EThble them to ensure that the financ1o1 statements
comply with the Charities Act 2011, the Charity (Accounts and ReFQrtsl R8Jukitions 2008 and the provisions
of the trust deed. They are also re5tx)nsible for Saf￿Uardlng the assets of the Charity atvj hen￿ for taking
reaSona￿e steps for the prevenb'on arKJ detettj'on of fraud and other irwularitES.
AUDrroRS
The tnjstees continue to hokl in very high regard work and 74Jvl￿ provided by Knox Cropper LLP,
Chartered Accountsnts.
By order of the Trustees and Sig￿ on their i*ha
i . v. f feT¥Q
2021

Page 6
HARITY
Opinion
We have audited the finanoal ststements of West Street Charity (the 'charttyl for the year erKled 31st
December 2020 which comprise statement of finan¢ial activioes, the balance sheet, and notes to the
financial ststements, indLKiing a summary of %gnificant accwnts.ng rK)liaes. The finarrial reportiTrJ framework
that has been applied in their preparation is applicatAe law aTrJ United KiThJdom Accounb'ng Stsndard5, (United
Kingdom Generally Accepted AccountirKJ Practice), indudiTrJ Financial Repo￿.ng Standard 102 'The Financial
Reporting Stsndard applicable in the UK aThl Republic of IrelarKI'.
Thls ￿port is made solely to the chariVs trustees, as a tmxjy. in accordance with Seth"on 144 of tharity.es
Act 2011 and regulations made urKler Section 154 of that kt. Our audit work has been undertaken. so that
we might state to the charity's trustees tFK)se matters we are required to state to them in an auditorfs report
and for no other purpose. To the fullest extent Femiitted by law, we do not accept or assume respon%bility
to anyone other than the chanty and the chanty's thjstees as a bcxly. for our audit work, for this report or for
the opinions we have fomied.
In our opinion, the finarKial ststements:
give a true and fair view of the state of oknrivs affairs as at 31%1 December 2019 aThJ of its
incoming resour￿ and application of rexIUr￿ for the year then ended;
have ￿en properly prepared in accordan￿ with United Kingdom Generally Accepted Accounting
Prattice, I￿udI￿j ￿nan0a1 ReiKKting StarKlard 102 'The Financial Re[o￿ng Standard applicable in the UK
and Republic of Ireland,; and
have been prepared in aCcOrda￿e the requirements of the CPK4rities A(t 2011.
Basis for oplnlon
We conducted our a￿Lt in KCOrdan￿ with Intemational StsrNJards on Auditing (UK) (ISAS (UK)) and
applicable law. Our ￿SponsIbl11￿.eS under those stsn¢Jards are further described in the ALJditorfs restx)nsibilities
for the audit of the financial ststements section of our rewrt. We are inde￿ndent of the charity in accordance
with the ethical requirements that are relevant to our a￿lt of the finan(ial statements in tIE UK, including the
FRC'5 Ethical Standard, and we have fulfil￿ our other ethical responsibilities in accordan￿ with these
requirements. We believe that the audit e￿den￿ we have obtained is suffiaent and appropriate to provide a
basts for our oplnion.
Condusions relatlng to going concern
In audrting the finanaal statements. ￿ have CC￿L*￿ed that the trustee's use of the going COr￿M basis of
accounting in the prepardtion of the finarKial ststements is appropnate.
Based on the work we have [￿rforn￿, we have rn)t identified any material Uncertaint￿ relab.ng to events or
condits'ons that, individually or (x)Ileth"vely. may cast significant doubt on the charity's ability to continue as a
going COn￿M for a peric*J of at least I￿e￿e mcmths from when finanoal ststements are autlK)rised for
issue.
Our reswnsibilitres aThl the re4K)wbilitie5 of the trustees wth resm to going cOr￿ern a￿ described in the
levant sections of this report.
Other inforniation
The other infomiatson comwises the information Ind￿ in the annual report, other than the firsancial
statements aThJ our auditor's rekKJrt there￿. Tr tnJstee5 are re5wnsible for the other infomiation.
Our opinion on the finarrial statements does not cover the other information and, ex￿pt to the extent
otherwise explicidy ststal in our ￿pOrt. we do not express any fom of assuran￿ conclusion therwn.

Page 7
EPORT OF THE
ENDENT A
5TREEr
In connertion with our audit of the finanoal ststements. crtjr reswnsibility is to re3é the other information
and. in doing so, consider whether the other informab.on is materially inconsistent with the finanoal ststements
or our knowledge obtained in the aLhlit or otherwise appears to be materially misstated. If we identify such
material incon51ster￿e5 or appa￿nt material misstatements, we are reqUI￿d to determine wttether there is a
material misstatement in finanoal ststements or a material misststement of the other information. If,
based on the work we have ttrfomi&1, we COr￿ude that there is a material misstatement of this other
information, we are required to re[￿ that fatt. We have mthirrfj to retKsrt in this regard.
Matters on whkh we are required to report by exception
We have nothirKJ to repJrt in respett of the followiThJ matters the Charitres Act 2011 requires us to
report to you if, in our opinion:
the information gtven the Re￿rt of ￿ Trt&￿s is ir(on5iStent in any material respect with the
finanoal statements,. or
sufficient accounb.ng records have not been kept: c
trE finanoal ststements are not in agreement with the accounting ￿Cords. or
we have not received all the inforniation aThJ explanations we require for our al￿1t.
Responsibilities of trustees
As explained more fully in the Ststement of Trustees Re¥K)r6ibilib"es, the trustees are resporsible for the
preparation of the financial ststements whith give a and fair wew, and for such internal control as the
trustee5 determine is necessary to enable the weparab.on of financial ststements that are free from material
misstatement, Whett￿r due to fraLKi or error.
In preparing the financial statements, the trustees are responsible for assessirKJ the charity's ability to continue
as a golng COn￿rn, disclosing, as applicable. matters felated to going corttrn and using the going COn￿M
basis of accounttng unless the tW5tees either intend to liquidate the charity or to cease operab'ons, or have
no ￿alIstiC alternative but to th so.
Audltorfs responsibilities for the aqHIIt of the flnancial statements
We have b￿n ap￿inted as asJdtiK urKler section 144 of charrt￿ Act 2011 and reF#Yt in accordan￿ wlth
the Act and ￿levant regulations made or hawng effect thereuThJer.
Our objecti.ves a￿ to obtsin reaSona￿e assurarKe a￿ut whether the fina￿la1 statements as a whole are fr
from material misstatement, whether due to fvaud or error, arKI to issue a Rep)rt of the Independent Auditors
that includes our opinhin. Reasonable assuran￿ Is a high level of assuran￿, but is not a guarantee that an
audit condurted in accordance wth ISAS {UK) will always detert a material misstatement when it exists.
Misstatements can arise from fra￿ or error aThJ are conSide￿d material if, irmlividually or In the aggregate,
they could reasonably be expected to influence the eCOr￿1￿ deo*'on5 of ￿r$ tsken on the basis of these
financial statements.
Irregulorittes, indudiro fraud, are InStar￿ of non-comp14ar￿ with kiws and wulation5. We design
procedures in line with our reSp)￿bIl￿"e$. ouUirEd atove, to detect material misstatements in ￿SpeCt of
irregularities, indudirvJ fraud. The extent to whlch our prrKedures are capable of detectiTrJ irregularities,
including fraud is detsiled below:
The Charity is required to comply with cFkirity law aThJ, based on our kr￿wledge of its ath'vities, we
Idenbfied that the legal requirement to accurately account for eThJowment funds was of key
significan￿.
We gained an uThJerstarKliNJ of kn4 the charity CoM￿led with its legal aThJ regulatory framewo￿,
including the reqU1￿ment to properfy account for ermlowment funds, through discussions with
management a review of the documented tK)lioes. wc(edures and controls.

Page 8
EPE14DEr￿ A
THE TR
EE
The audit team, whid) is experierKed in the a￿lIt of (tsribes, considered the charity's susceptibility
to material misstatement aTrJ how fraud may (xcur. Our a)nsiderabons induded the risk of
management override.
Our approath v¥as to cF*ck that all was w)pedy Identified and accounted and to ensure
that only valid and appmpriate expenditure was tharged. This indud8J reviewing Journal adjustrnents
and unusual trar￿ac￿nS.
A further descripb'on of our re5Fonsibilities for the a￿lt of the firwnaal ststements is located on the Finarrial
Reporting Counol's website at.. www.frc.Org.ukla￿yltorsres[￿jnSlbll1tses. This descripb'on forms part of our
Re￿rt of the Independent Auditors.
LLr
65 Leadenhall Street
KNOX CROPPER LLP
Chartered Accountants
tuto Auditors
20 September 2021
Knox Cropper LLP is eligible for apwintrnent a5 athjitor of the Charity by virtue of its eligibility for aPFointment
as auditor of a company under seth.on 1212 of the Companies Act 2006.

Page 9
ATEMENT
ANCIAL AcnvrrIES
FOR THE YEAR ENDED
ISI DECEMBER 2
Note5
2020
2019
INCOME FROM
Investments
Other Income
TOTAL INCOME
179,741
527
573,963
40
574 003
EXPENorruRE ON
Raising Funds
Charitable Artivitres
TOTAL EXPENDrruRE
110,576
112,955
207 412
320 367
128 026
Nrr INCOME AND
NET MOVEMENT IN FUNDS
52.242
253,636
Net LI￿se5 on Investments
2 708 492
(2.656,250)
253,636
Fund Balance Brought Forward at
1st January 2020
12.228,869
11,975,233
Fund Balance5 Carried Forward at
31" December 2020
£9 572 619
£12 228 869
All the artivib.es reported above represent continLlng operations.
The Charity only has unrestn.cted FuThJs.
The notes fomi part of these fi￿nCial ststements.

Pa9e 10
WE
CHARrrY
BALAN
AT
Notes
2020
2019
FIXED ASSETS
Property Redevelopment- in
Progress
Investment Properties
313,914
10 195 000
10.508.914
12 903 492
12,903,492
CURRENT ASSETS
Debtors
Cash at Bank and in HarKI
71,805
185,327
250 221
435,548
273,582
Less: CREDrroRS Amounts falli
due within one year
NET CURRENT ASSETS
146,692
345,223
CREDITORS: Amounts fallirvJ due
after more than one year
io
(1,082,987)
(1,019,846}
TOTAL NET ASSErs
9,572,619
12,228,869
CAprrAL AND RESERVES
Unrestricted Funds
General Fund
Revaluation ReseNe
12
12
520.677
9 051942
£9,572,619
468,435
11760 434
E12,228,869
These finanoal statements were approved by the Trustees on
D? 2021 and signed on its behalf
Mr
ndy {Treasurer}
The notes forn part of these finanoal statements.

Page 11
RE
HARtrY
ATEME
CASH FLOWS
R THE YEAR ENDED
isf DE
8ER 2020
2020
2019
Cash flows from operating artivities:
Net income for the reporting pericmj
Adjustments for,
Lossesl(gainsl on investments
Rents and interest
Decreasel{increase) in debtors
IncreasellDecrease} in creditor5
Net movement In loans to further charitsble purrA)ses
Net cash provided by operating artivities
(2,656,250)
253,636
2,708,492
(179,556) (560,113)
113,522
(121,721)
127,114
18,814
113 322
Cash flows from Investlng actlvities:
Rents and interest
Proceeds from sale of investments
Purchase of investments
Net cash used in investing activities
179,556
560,113
313 914
Cash flows from financlng actlvltles:
Repayments of borrowing
Change in cash and cash eguivalents in the period
(48,4H)
106,335
Cash and cash equivalents at the beginnln9 of the period
250,221
143,886
Cash and cash equivalents at the end of the period
£201777
£250 221

Page 12
WEsr srREET
HA
NOTES TO THE A
R THE YEAR E
ACCOUNTING POLICIES
a) Basis of Preparatlon and Assessment of going concern
The accounts have been preparal under historical cost convention with the ex￿ptIOn of
investments which are included at matttet value. The fina￿la1 statements have been prepared in
accordance with the Statement of Recommended Prattice: Accounting arKI Reporbng by Charities
preparing their accounts in accordan￿ with the Finanoial Reporbng Standards applicable in ttr
UK and Republic of IreL3FMJ IFRS 102) (effethve 1st January 2019), Finanoal ReFOrting Stsndard
applicable in ￿ Unrted Kingdom arKJ Republic of Ireland (FRS 102) and the Charities Act 2011.
The presentatsonal currency of the finanaal ststements is Pournl Sterting {£). The Charity
constitutes a public t*￿fit eth.ty as defir*d by FRS 102.
The Trustees C(￿51der that there are no material uncertainties aLK)ut the Charity's ability to
continue as a going Co￿eM. Tr mapr Un￿rtaInty in this res￿ is the future rental income
streams of the Charity's Invesbnent Properties and the impart of Coronavirus on those future
income streams. A decrease in futu￿ ￿nts1 income streams will affect the level of grant support
that the Chartty (an offer to its beneficiary, St Giles-in-the-Fields. Cash reserves are sufficient to
meet oTrJoiTrJ costs of the properties for ￿ f￿esee3b1e future.
b) Intome
All income is recognised On￿ the chanty has entitlement to the income, it is probable that the
income will be r￿1Ved amount of income re￿1vable can be measured reliably.
Income from the *bng of the Charivs investment proFert￿5 is rec(KJnised under the accruals
basis. Interest [r￿me is a(n)unted for when re￿Ved as is any income tax recoverable on such
ncome.
c) Expenditure
'abilities are recognised as expenditure as s(x)n as there is a legal or constnjctive obligatiori
committing ￿ charty to that experxliture, it is probéble that sett￿ment will be requ1￿ and the
rn￿nt of the Obliga￿"on can be measured reliably. All expenditure is accounted for on an accruals
basis. All exttnses I￿udIng suppK)rt a)sts gOvernar￿e Costs are allocated or opp0￿.0ned to
the applica￿e expenditu￿ headiros on a basis conSist￿t with ￿ use of resour￿.
d) Costs of ralslng funds
The costs of raising funds CL￿SIst of costs of maintsining the investment properties aThJ certain
legal and professional fees.
e) Charitable artivities
Costs of charitable actiwb.es itKJude grants made to third parbes in the furtherance of the
charitable obieLts of the Charity and g0vema￿e costs.
Investsnent Properties
Investment pro￿rtseS a￿ measured at fair value of the balance sheet date. The current valuab.on
Was prepared in June 2020 arKi tK4sed on martet value of the fr￿hOld interest.
The valuab.on was carri&J out by Sanderson Weatrtrall, an independent valuer with recognlsed
and reÈvant qualifications with ex[￿rien￿ of the Ic(ation aTrJ property dass.
Resth'Lt]'ons apply to the Chanvs a￿'lIty to realise investment property. As di5dosed in Note
10, the bank loan is seoJred by a tharge over the proFEty and legal ts.de to the pmperty is held
in trust for the Charity by the LoThlon Dicwn Fund.

Page 13
TE
ACCOUNTS
Continued
RTHEY
R ENDED 31sf DE
EMBER 2020
ACCOUNTING POLICIES (contlnued)
g) Fund accounting
All the Charity's futKls a￿ unrestn.tted arnj can ts applied by lJ)e Trustee5 in Pursuan￿ of its
charitable acb'vities.
h) Key judgements and estimates
The market value of investment pr(yerbes is reviewed annually by the Trustee5 and based on the
condition of those properb.es value is ajjusted usiThJ a recognised market indices.
1) Short-term debtors and credltors
Debtor5 are recognised when the charity is Wlly entiyed to the income after any perf(*mance
conditions have been met, the amount can te measured reliably it is probable that the irwme
will be re￿ived. Creditors are recognised when the charity has a present legal or con5truttive
obligot10n resulkn.ro from a past event to make payment to a third party. it is probable that
settlement wi15 I￿ required aThJ amwnt due to settbe the obligation can measured or
estimated rella￿y.
INCOME FROM INVE￿MENTs
2020
2019
Rents received
Dilapidations
Other income
179,556
185
528
£180 269
459,407
114,556
40
£574 003
COST OF IIAISJNG FUNDS
2020
2019
Propth Costs
Utilities and Counol Tax
Maintenance, aearHng, etc
Fees.. 24 West St rehjrbishment
Loan Inte￿$t
Managing Agents
Insuran
other Professional Fees
Bank charges
13,938
12.985
7,469
4, 120
43, 158
26,780
3,768
26,756
116
El 12 955
41.100
21,955
lo,￿6
4,568
EIIO 576
CHARThABLE AcnvrriES
2020
2019
Grants to St. Glles-In-the-Fields
General Maintenance
Governance costs
Audit
15,OCKI
205,000
£207 412
For the year ending 31 Decemlw 2020, the Fee amrxjnted to £2,450 (2019.. £2,412).

Page 14
E YEAR EN
EMBER 2
FIXED ASSEfs- PROPERTY REDEVELOPMENT
2020
2019
Work in projress at 1st January
Additions
Transfer to Fixed Assets
Work in pr(￿￿￿$5 at 31st D￿Mtr*r
313.914
£313 914
FIXED ASSEtS
2020
2019
Investrnent Propeity at 1st January
Transfer of work in prcgress
Revoluats"on
Investment Propety at 31st December
12.903.492
12.903,492
2 708 492
£10 195 000
£12 903 492
The charity owns tsvo kYoperties- 24 and 26 West Street.
At year ended 31st Detsmber 2020, £313,914 had been caprtalised within Propety Development -
Work in Progress. The refurblshment prO)￿t is due to complete in 2020.
DEBTORS
2020
2019
Rental Debtor
Prepayments
Loan to St Giles In the Fields PCC
Dilapidations
VAT
other Debtors
1,395
10,343
50,000
10,243
6,560
50,000
114,556
7,351
£71805
£185 327
CASH AT BANK AND IN HAND
Deposit Account
Current Account
8,814
8,814
241407
£250 221
£201777
CREDITORS: Amounts Fallirwj Due Within Or* Year
Rental Income paid in advan
Consultancy Fees
Trade Credit(Ks
Acuuals
Unity Bank loan
24,059
28,034
13,850
2,752
2,437
,890
4,422
£126,890
£90,325

Page 15
WES[ ￿REET CHARrrY
t40TE
OUNTS
nu
10. CREDThORS: Amounts FalliThJ Due After More Than Ore Year
2020
2019
Unlty Bank Loan
£1082 987
£1019 846
The bank loans are with Unity Trust Bank. DurirKJ t1￿ year, Charity sought fvrther trKJrrowings in
order to reoevelop prinapally 24 West Street. The pmious loan was converted to new loan with a
maximum faolity of £2,437.101. At the year ending 31 De￿M￿r 2020, £1,082,987 of this facility had
been drawn down with the remainder to te made availa1￿e as refurbishment works a￿ completed.
Interest on the onginal loan was charged at a rète of 2.75% over the Unity Trust Bank base rate which
was 0.5%, subject to a minimum of 4% per annum. The nth loan is repayable over 20 years and
charges an Inte￿St rate of 3.35% per annum over Bank of Eroland Base Rate which is currently O. 1%.
whe￿ the Base Rate is less than 0.1%. the interest rate tharged will be 3.35%. The new loan has been
secured by a charge over 24 26 West Street. During year, rK)n-ub'lisation fees of £4,982 (2019..
£nil) We￿ incurred where fijll faalty had not teen drawn down.
11. KEY MANAGEMENT PERS014NEL
Key management personnel are defirEd as tnjstees.
For the year endiThJ 31 December 2020, £5,500 had been accrued for agreed ￿M￿neratIOn for Wil
James (Trustee). This was for propct management and stewardship services in relation to the
refurbishment of 24 West Street. This has been cBtM'tslised within Property Redevelopment- Work in
Progress.
12. CAprrAL AND RESERVES
Revaluation
Reserve
General
Fund
Total
balan￿ at 1° January 2020
Net Movement in Funds
Balan￿ at 31st December 2020
11.760.434
(2,708,492)
19,051,942
468.435
52,242
£520.677
£12,228,869
(2,656,250)
E9,572.619
Revaluation
ReseThe
Genernl
Fund
Total
Balan￿ at ISI January 2019
Net Movement in Funds
Balan￿ at 3151 D￿mber 2019
11,760,434
214,799
253,636
£468,435
11,975.233
253,636
£12,228,869
£11,760,434

Page 16
HARITY
NOTES T
THEA
FOR THE YEAR EPIDED 31sf DE
EM
020
13. RELATED PARTY TRANSAcfioNS
The St. Giles-in-the-￿elds Ecclesiast￿1 charib.es which comprise:
St Giles-in-the-Fields Parochol Churth C￿nCil
West Street Charity
Alicia Duchess Dudley for the Rth Charity
The Caroline Clayson Charity
In the current year West Street Charity paid a grant to St. Giles-in-trt-Fields Parochial Church Counci
for payment of the common furKI contn"butions, stiFerKls, salaries and the repair and maintenance of
the Church and Churchyard of St. Giles-1n-ttrE-￿e1d5, amountiThJ to £15,000 (2019.. £205,000). At the
year end, £50,000 was due from St. Giles-in-the-fields Parochial Church Counal {2019.. £50,000).
The￿ We￿ no other related party transèthor6 eitrEr with the aiK)ve named tharities or with the trustees
personally other than those already stated.