WEST STREET CHARITY
Charity Reglstratlon Number. 1135436
Annual Report and Flnanclal Statements
For the year ended 31 December 2022
Tandem Accounting Ltd
17 Htathwlle Road
ndon N19 3AL

WEST STREET CHARITY
Annual Report and Flnanclal Ststements
For the year ended 31 December 2022
Contents
Page
Le841 & admiftistrative infornbatlon
Annual Report of the Trustees
Report of th• Ind•p¢ndent Audltors to the Tnjste
Statement of IInan¢i￿ &etlvlde*
•nc• *h¢•t
10
Notes to th• Ilnan¢lal Jtat•m

WEST STREET CHARITY
Annual Report of the Trurtees
For the year ended 31 December 2022
Charity Name
West Street Charity.
Charlty Re￿￿tra￿)n no 1135436. Th• Charity was reKlstered wth the Charlty Cgmrnissio
Pvlndpal Offlc•
SL ale14n.thtrRe￿ 60 S¢ Gikn H￿h StreeL London WC2H 8LG.
Gov•rnlnz Document
S¢hÈmè eXa￿l$hed by an ordèr In th• CtrAncery Dlyision of the Hl8h Court ofjusuce 16
Dtterthr 1949 as ￿nd•d ￿ 5¢hwrt¢ d4t¢d 01 I￿u￿ry 2019.
Alms
Th¢ aims ofthe C￿￿ty ￿ t¢ mainofin and Improve the property ofthe Charlty {24 and
26 Wes¢ Street) and to support the PCC of St Gile%4n•thethelds In Its work of mlnlstry
and misslon and m￿nt￿nIng the fabrlc and ground5 of St Gihs4n-the•Fields.
Trurte
The West Street Trustee Umlted (comp•ny number I15(WHI VAS ¥pointed corpoTrt¢
trUs￿e ol Wex Street Charlty on 20 February 2019. At that du the •xisvng trust¢es
of the Chari¢y became dtrectors of the Corporate Trustee and act In the upaclty of
Princlpl Offlc•n
Re4 T s￿*1•r
Drwjam
Mr O Flory
Mr R Throw
Mr W Grundy
VKe ch•imh
Vice ch*imh
Tr•asur•r
Key Management
P•r¥onn•l
The persons in tharye of directins c¢JntroMift& ruftn1￿ and oper￿n1 th• Chartty on
thy to day basis are the Truste
Bank•
Unity fNs¢ B￿k pk
9 Brin￿￿¥ Place
BIrmI￿aM Bl 2HB
Indep￿dent Audltovs
Knox Cmpp•r LLP
Chartered Accountants & Ststutory Auditors
65 Le1denh￿l Stre¢¢
London EC3A 2AD
Sollctto
Rusxd Cook• LLP
Bishop's Palace Hou
Kin8sEon Brid
kn85ton.upon.Thrn
Surrty KTI IQN
chart*r￿ Survey
Gty Ternple
Holborn Viaduc¢
London ECIA 2DE
Property Azents
39 Folty Street
London WIW
Charrered Surwor%
27 Bream's Buildings
London EC 4A I DZ

WEST sfREET CHARITY
Annual Report of the Trustees
For the year ended 31 December 2022
The Trustees submit their report and the srafements of Wejt Street Ch•riry fthe Charl￿? for thè yw ￿ded
31 December 2022. The fiftanci￿ ststements have been prepared in the forniat prescribed by the Statement of
Retommended Practice.. Accounting and Reporting by Chariw {SORP 2019 (FRS1021) and the Financial Reporting
Standard 101 The leg1 and admini5tTrtive inform31ion Set out earliEr in this dotument fornts part of this reporL
1.1. Truste•s
The West Strerf Trustee Uml¢ed (CoM￿nY number 115080441 wa5 aPP￿nted corFKKate trustee of Wesr street Chir
in February 2019. The Directors ol the Company are the Trus¢ees of the Charlty and are the member5 of the Parochlal
Chur¢h Coun¢ll (PCCI of St Glles-In-the-Fklds who art elected at the Annual Parish Meetlng and Annual Parochlal Churth
Meetlng In Aprll each year. New m￿er1 arn knduct•d by the Rectsv Parochi￿ Chvrth C+>Jncil.
Trustees met an slx occaslons In the year to 31 rt DeC￿ber 2022 to consider mana8eff*nt rrAttèrs in respett of the
Chadty'5 property and to make 8ranu ro the St Glles-ln￿e-FleldS PCC. The man toplcs of buslness concerned the
relurblshmen¢ of 24 Wes¢ StreeL the re51denl1￿ letrln8 of 26 West Stree¢ and the commercw lettlng of the Lower Ground
Floor of 26 West S¢reeL
1.2 Alik Manag•m•nt
The Trustees Con￿n￿e￿ to auess the ffla￿r rl$ks to whlth the Ch¥lty Is exposrf partjcularty th05e relared to che
op•rations and financès of th• Charity. The Truste•s rnc¢wis• a numb•r of key risks fac•d by th• charlty. whlch ar•
outllned below. and are satirfied that syst￿* arn in place to the expmure of the Chviy to these risks.
Ext•rnal rlthj
Tenant default- con3tl¢utes a rlsk to Income and.
ultknatel to c
Ital value
Economic outlook- adverse economic trends th
mly affec¢ capltsl ￿lue
Use of professlorthl •gents In tenant due dIM￿nCe and
ent
CoTrtinued miintenwce of low gearing ind conservatbn
of reserye5
Professlonal advke In understhndlnl changlng demanth
and netds from rtsrdential and commercial tenants
Susf•ln re￿￿onshIpS vlith osjr bankery4
Obtaining proleulonal advbce In arranlkni and meetkng
financln
ulrements
Avallablloiy of external flnance on acceptsble trrrM-
m￿n￿InIng and enhanclng the witral value of the
pordollo requlres debt fin￿￿nI
Internal ri¥ks
Portfollo concen¢radon- a55ets concentrlted In We5r
Street
Ensurlng properries are suited to Ch￿RIng need5 of local
tenants
Continued malnrerwKe of low prlni consorwation
of re5ervÈs
IUgorou5 revbew of development oppornJnlrie5 and risk¥
ur11151ng eTrrnal profe5510n￿ advice
Seekhlg Ilxed prke c¢)ntracts with bulldlng contrKto
Close monitorin& toFther vrith our external athjers, of
actThe de¥e
Development and refurblshment- development and
refurb15hment offers the a￿lIty ¢0 malnf*n or enh¥nce
capital rAlue of assec bu¢ c¥ries risks to plannin&
constructyon tymln$ colts and let¢
Th¢ Tru$té¢$ are of the Charity Commi¥ion'$ guida￿* on wblk and haye oven It due regard In thelr
administration of the Ch•ri¢y.
The aims of the Charity are to malntain and Improve the property of the Charicy124 •nd 26 W¢rt Strttt) and to $upporr
the PCC of St G1leS4n•thtr￿eldS In work of Min￿try and mi55ion and malnts1nw￿ the fabric and younds of St Gil*in-
the-Flelds.

WEST STREET CHARITY
Annual Report of the Trustees
For the year ended 31 December 2022
The Charlty owns tsvo properries 24 and 26 West Stree¢ {the latter named The MissSon House'l and receives rental
income from both. Legal tttle ro the pr¢¥erties is held by the thndon Diocewi Fund in Trust for the Charity. The upper
Iloor$ of no. 26 Comprise f￿r resldentlal fia¢& The lowerground Iloor of The Mimion House ra lrt as offKe acconvnodation.
The trustees. prin4ry w'm for the ye•r ro oversee the let of COMMerd￿ ofike $￿Ce ￿ 24 Wert Street in ord•r to
maintain and conserve the historic buiEdin¥ and provide y3nfS to St GIle￿n4he-￿￿d5 PCC. At the same time. the trustees
continued to ensure th¢ the Charity's remaining property wa5 maintained in good order. In 2021. due ro the charty's
reduced Income resultsngfrom the vacancy in 24 Wert Strex the trustee5 took the deo$Son to tempornrity suspend sr4nrs
made to the St Giles-ln-thethelds PCC in order to canser4e ks reseThes to help fund th• refurbilhment work In 2022, the
trus¢eeJ were abl¢ to rrfommtnte these grants.
During the y•ar th• Trustees and Directors provided grants 01 £210.CW {2021.. £15.000) for the ￿keeP of the Church of
SL Glles-ln-th￿eld$. Having takn from iu proprty agents and profession￿ advi50r& the Charity applied for and
was sranted borrowin¥ ts¢Iliti￿ of £2.437.10 l from Unity Trust B￿k to finartce th¢ r¢fvrbishm•nt of 24 West Street ThIJ
Induded the r•finan¢¥i¥ of •xiKifi8 borrowin& In 2022 11)•n int•rMr ¢f £1 11467 Incurred {2021: £73,218)
Funding for th• Chaiicy com•1 prhnarily thro￿ r•ntsl incom• from 2*26 W•rt Strnat
4.1 Financial A<tlvlty FIn￿d￿ PosStlon
The Statement of F¢nancial Actiwfiej and ￿lance Sherf c￿ be found on p•• 9 •Nd 10 respectlv•ty. Th• Ch¥W$ r•MThe$
decreased by £118.48 I duri￿the yyar (2021.. in¢re•58d by £21463). Th• bthnce sherf ihows total net assèts of£9.476.601
{2021.. £9J95.0821.
Th• trurtees made 8fdnts of £210.000 P021.. £nif) to the PCC of S¢ Glles4n-the•Relds <>ut of th• renol Income recelved
from rts properties. The truste•s ha￿ r•viewtd budg•ts and cath llows lor a period of12 month5 from the datè of$ignawr•
of these accoLtnrs. Surplu5 fmm rental Incow and the existing flnancial resource5, are deemed suffici•nt to fvlnl the
Chadty'j obllptlon¥ Includlnz the ier¥kln8 afid repayments of a loan fram Unty Trust B•nk pl& Trust•ès glv• carèful
thought ¢0 the invèstment of such income. The trustees will continue to monitor the reserves positlon to en$ur¢ that the
level Of ruerve¥ remai￿ ipproprw¢ for iu obiectyts.
4.2 R•Mms Pollcy
Trnstses do not hold a formal Res•r¥•s Policy but ar• mindful af th• n••d to have sum5 a￿lI￿le to support the ministry
ahd missloft of S¢Gil•s-in-thtrFi•ldsw•re it to W•riVK• Un•Xp•C￿d fmancAI d•man& and to provlde forth• maintenance
d upknop of iu prop•rti*s.
In Junè 2021, Unity Trust B￿k Pk undertook a ¥*kntion of 2*26 W•rt Stre•t thr￿Sh external ad￿sOr$ Sandarson
Weatherall. This valuation deterrnined thaE prlor to 1¢$ returbishmenk the ¥￿￿¢ of the property had reduced versu5 it's
carrying amount by £1708.942 to a canying value of £I0.195.￿l. In 2021 with refurbishment completed all in
pro8res$' {costs incurred towards Ca￿trI Improvementsl were capitalised 'lnvestment Properf. The re￿Sed
carrying value at 31 December 2022 £l1.654.230. As the refvrbishment works ha￿ now completed. but a re¥￿ua￿On
has not yet been perfornie4 the Trustee5 have deterniined to reCo￿lse the irnprovements within the arry￿1 value
a further extern￿ valuwon ￿ perforn)ed
To continue ro manage and let the property of the Charity at 24 and 26 West StreeL
To mxximise the income from 24 and 26 West StreeL

WEST sfREET CHARITY
Annual Report of the T￿￿tee$
For the year ended 31 December 2022
The Truittes are reswsible for preparing the report and the financial statements in accordance with applicable law and
United Kingdom Generally A¢<epted Accounting Prartic& Charity l¥rt in En8land and Wale5 require5 the Trustee5 to
prepare financial 5tatemen¢5 for each fina￿la1 period T•thkh gfve a true and fwr view of the state of affw'r5 of the Chartty
and of the incamini resources and Wicaty)n d re¥wrcu ofth¢ ChrrEy br tfrtht
In preparkng those flnandal statements. the Trustees are reqjired to:
5elert Sults￿e accounting pdioes and apply them consi5trndy.'
obs•rv¢ th• methods and prtndples of the Charl¢les SORP.
rnake judsements and •5timatr5 tht are reasonable and prnden
state whtthtr applitable accounting stsndards ha￿ been folowed. wbjett to kny deparwres disclosed and
explained In the financial staternents,. and
prepare the flnandal statemwts on the 8oln8 concern basi5 ufil￿ 1¢ ts In￿proprIat• to prnsume thatth• Kuvlue5
of th¢ Charlty wlll c¢Jntln
The Trustee5 are respons1￿4 for k*¢wn8 #deyte a¢¢ounflnK r¢cords whlch dbsckxe wlth reasonable accuracy at dm•
th• flnandal posiuon of the Charl¢y and enable5 them to ensure thac the ftn*ndal ststement5 comply Nvlth the Charltles Act
201 I, tht Charlty (Accounts and Reports) Regulations 21x18 and the pry)visions of the 8ovornlng document. The Trus¢ee$
arè aho r￿pOnsIbl• for safe8uardln8 the assets of the Charlty and hence for t•kbng rwonable Steps for the preVen￿On and
detectlon of fraud and oth•r irrwkritid. Th• Trust•es are fesponsible for the malntenance Inte8rliy of the Char
and flnanclal Informatlon Indudod In the Chariry'5 Wtbsit•.
The report ofthe Tru5tets VAS ¥pr<Md by the Trustees on 20th September 2023 and stred on thelr behalf br.
Rev T 5•nd•r
Chalr of the Board

WEST STREET CHARITY
Report of the Independent Audltors to the Trustees of
W¢$t Street Charity
Oplnlon
We have audited the financial lotem￿tS (rf West Street Charlty (the 'charfrf) for the year ended 31 December 2022
whkh comprise the statement of finwCi￿ attivirle& th• ￿lance shee¢ and notes to the financial sratements. Includin8 a
summary of sl8nffi￿nt ￿CountIng pollcles. The Ilnancijl reportin¥ framework that h•¥ been applied In their prepararlon
applicable taw and United Kingkn Accoundng Standard5. lun￿ed Kingdom Generalty kcepted Accounung Prydcticel.
in¢luiling Financi￿ Reporting Standard 102 The Financial Reporting Standard ￿l¢able In the UK and Republk of IreLind'.
Thls report is made Solety to the charitls truste￿ as a W. In iccordAnce with Sectbon 144 of the Charities Act 2011
and rezulatk•ns made under Section 1 $4 of that ACL Chjr audi¢ work has been undertaken. so that we might state to the
¢harity'$ trusrees those matters we are required to State ¢0 thern in an auditor's report and for no other purp)￿. To
tht full¢$t ¢xt¢nt permitted by law, we do not accept or assume reSPO￿bI¥llty to anyone other than the charity •nd th•
Chari￿1 trurtè*$ * a body, for (wr audk wort for thls report or for the opinions we have fornied.
In our oplniorn the financkl sta¢oments:
ve a ¢rue and I￿r vlew ofth* St￿ ofthe chariwi *￿r$ u at 31 D•c•mb•r 2022 •nd oflu Incomlng resources
and appllcadon of reswrc¢s for the year then ended:
have been proptrty prep¥td in accordanc• with United Klngdom Genenlly Accepted Accoun¢kni Practlce,
Induding financial Reporfn¥ Sundard 102 Tr¢ FIft￿d￿ Reptsrdni Srandard ¥Pl￿ble In the UK and Republic
of lrnland.: and
have be•n prepared In K¢ordw*e wlth the requlren*nty of the Charlrles A¢¢ 2011.
Basls for oplnlon
We conducced our audlt In accordance International Standards on Audltin8 (UK) IISAS (UK)) and ¥*pilcable law.
Our responslbilltios under those standards are furth•r described in the Auditor's responslbilities for the audlt gf the
nanual $utem•nts s•ctlon ofour reporL We are Independen¢ of the tharlty In 4ccoftlance with th• *thiul rwuiremenrs
that are relevant to our audit of th¢ financial sutem•nts in th• UK Includin8 the FRC'S Ethical Standard. and we have
fvIAlled our othér ethieaj rtsponsibilities in accordanc• with th•s• r•quir•rnents. W• b•liÈvÈ that the ludl¢ evldence we
have obtalned & sufficSènt and wrnprl*t• to P￿de a lor I￿r oplnion.
Concluslons r•latlni to Wnz con¢•rn
In auditing thé flnancll st1￿Ments, we have conduded that th• truste•'s us• of the plng concérn of accountlng In
the preparauon of thè fjnancial statom￿ts is approprat¢.
Based on the work we have perfwmed, w* havt not Identified arty Maw1￿ unt*ruindes rel4dD¥ to events or condltlons
thao Indfvldually or collecthety. cas¢ 5*nlficw doub¢ on the charit￿5 abil￿ to Contlnue as A golng ¢on¢•rn for i
pericd of at l•art tw•lve mMths from when the ffinanc￿ statements are authorised for issu•.
Our responslbllldès and the respon￿bIll[l¢S of the trustees wlth respett ro golng coneÉrn are d￿rI￿ In the relerdnt
s•rtlons of this reporL
Other Inforni•tlon
The other Inforniation ¢¢)mprisu the inform•Don induded in the annual repor¢ Other the finw¢1￿ statements and
our audltor'i report thereon. The tru5¢ee5 ve responsible lor the ¢Jth¢r infom4tyo
Our opinion on the finandal statements does no¢ cover the other infrJrm#ion and. except to the extent otherwise
explicrtly ttated in our repor( twe do not express any forni of assurance conclusion thereon.

WEST STREET CHARITY
Report of the Independent Audit(w% to the Trustees of
West Street Charity
In ¢onnectlan wlth our audk of the lknancknl statemm our responybility 15 to read the other Inforynation and, in doing
so, con51der whether the other infom)ation Is ma￿d￿ty Inconslstent wlth the flnanclal 3ratements or our knowledge
obtained in the audi¢ or otherwije appearn to be materialty missts(£d. Ir we Idendfy such materlal Incon$lstendes or
apparent materia] mi5suternen￿ we are requtred to deternilne wthether there Is a matsrfal mlsstatement In the Ilnancl
statements or a material misstatement of the other inf0rrN￿On. IF. bu¥d M the work we have perfornied, we ¢on¢lude
that there15 a material misstatement of this other inforn4tion. we are required to report that fdcL We have nothing to
report In th15 ryrd.
Matters on which w• arn required to rep(Yt by exceptlon
We have nothi￿ to repor¢ in respect of the foHov+inz mattm th• Charldes (Accounts and reports) Regulations
2(Q8 requires US to repor¢ to you ff. in our opink￿.
the informadon 8l¥en In the Aepgrt al the Tnjstots Is Inconknrt In any materlal rupect wlth the financlal
natements.. or
sufflclent 1ccoun￿ni record5 hive not beèn k*pr or
th* finan¢il itattm•ntJ are not in a8reern￿t *ith the Kcounthil record. or
we h¥ve nor rffelved ill the InfornHtkJn and explanatlons we wulr• for our aud
A•4￿￿￿bIlItIei of truit•
As exP￿Ined more fully In the St•¢eTh*nt of Trustees Re5ponsl¥lliriu, th* trw¢tts ￿ rnsponslbl• for th• preparndon ol
the financlal stsrements whlth gfve a true and falr ￿tw. and for such Intornal control as the tnJ5tw de¢ermlne1s nece5SVy
tv tn•ble th¢ preparntion of flnanclal $tat•ments that are free from Ma￿rIal mlss¢atornen¢ whether due w fraud or error.
In preparing the financ1￿ statements the tnjsrees are re5pon¥ble for •￿￿$1￿9 th• charty's ablllty to £ontlnuÈ a$ a ¥oln8
concern, dtsclosln& as #P￿icable. matters related to concem and v5ift8the 8oin8 conc¢rn basis of a¢counrln¥ unles$
the trustw elth•r Intend to Ilquloate the charty or to cease operatAon& or have rK* rullsdc al¢ernadve but to do so.
Audltorfs r•1pOn￿b1llt1￿ for th• Audlt of the finwKi*l rt•tements
We have b•tn appoint•d ￿ auditor under section 144 of the Charltles kn 2011 and repor¢ in ￿COrdIn¢e with the Act
and relevant regulation5 mad• or haying t￿tt ther•Jnd•r.
Our Ob￿CtIVeS are to ￿taIn reasonable assurance Ibout whether the fimntial stat•m•nts u • vrfhole ar• free frorn
ma¢erlal missta¢emenL whether due to fraud or error. and to issue a Report of the Ind•p•nd•nt Auditor5 that intlud•s
our oplnlon. Reasonable assuv4rKe is a hl8h level of auurnnce. but bj not* guarATrtee thatan audit conducted in accordance
with ISAS (UK} wlll alvrtys detecr a material miss¢atement wthen 1¢ exlsts. Mts5tatements can arise from fraud gr error
and are considered material If. indmdualty or In the aweg4te. they could rèayonably bt *xpett•d to influence the
e¢onomi¢ décision$ of ustrs ok•n on the bash of these financAI 3tawnent&
Irre8ularS¢les. Including fraud. are instarKes of nOn•lan￿ with ￿w$ and r1￿11t19n$. W• dwlgn proc•durn$ Mi lin•
wlth our responslbllw osJ¢llned above. to detett Materi￿ mtsstatwnents In respecr of irregularitres, inclvding hud. The
extènt to vthith our pr<xedures are capable of dererting Irre￿larItie%. indudin8 fraud is de¢wled belw.
The Charlty Is required to compty wlth clHrity law and. based on our knowledge of Its act1¥￿$. we Idenrlfied
that the lepl requirement to atcuratéty account for endowment fvnds wa5 of key 5i8nifKance.
We pined an understandlng of htrw the charbty corylled v*lth iu W and regulatory frwrKwori including the
requirement to property account for endowment fun￿ throu8h ¢&scussw)ns with marwent and a review of
the documented procedures and controlk

WEST STREET CHARITY
Report of the Independent Audltors to the Trustees of
Wert Street ch￿lty
The audlt f¢4m. wthlth Is ¢xWiÈnC￿ In the audk of dwhles, COn￿dered thè tharfty's su$ceptiknlity to materlal
mlsststement and how fraud Ir￿Y occur. C￿r consid¢Nions induded the rlsk of nwiagement ov•rrld•.
Our ¥proach vras to check that all Income vr4s propedy identified and ¥counted for and to ensure that only
valld and appropriate expendbwre w4s thar8ed. This Included reviewing lournal adlusrm•nts and unusual
A further d8￿rIptiOn of our rnspMsibikies for the audit of the ffinanci￿ sratements is locat•d on thè Financial Reportlng
Council's websi* at *vhv.frGor&uklaudrtorxresp￿sdjlll￿%. This descriptitin form5 Port of our Report af the
Independent Auditors.
kr
LLf
KNOX CROPPER LLP
Chartered Accountants and Sta(￿ry Audlto
05 L••d•nh•ll S¢r••t
London EC3A IAD
2023
Knox Cropper LLP is •liiibl• for appointyn•nt a% auditor of Charity by virtu• of its •li•'bility for ¥*polntmen¢
audltor of a company under 5ettion 1212 of the Compani•s Act 2(M)6.

WEST STREET CHARITY
Statement of Financial Artivities
For the year endlng 31 December 2022
2022
2021
Income from:
Investsnents
Other income
310.748
173.165
Total Incom•
340.741
173.105
Expendlture on:
Raising funds
Charitsbl¢ a¢tiviti
242011
216,418
145.971
4.731
Total Exp•ndltur•
4Sg.229
150,702
Net galnslllosses) an In¥utsments
N•t (¢xp¢ndltureylncome befoyt tsx
22.463
Tu pl￿ble
Net In¢ome
(118.481)
21463
Other ￿o￿lIed rdknsl(losses)
N•¢ mov•m•nt In
22,463
Total funds brou¥ht for4wdrd
9.595.OWI
95n619
Total ￿ndS <*rrl•d fonvard
9.476,601
9.595,082
All the Ktivttiw reporr¢d above r•prwrt contmuin8 op•rdtions.
The Charity onty hm Unrestritted Fund
The not# form part of these tlnancial s¢atemen¢s.

WEST STREET CHARITY
Balance Sheet
As at 31 December 2022
1022
2021
Note
Flx•d Aswts
Inve$tsnen¢ property- redeVelow￿( work
Sn progress
InVeSts￿ent propery
I IM1959
11.654,230
11,681959
11,654,230
Curr•nt Au•ts
Debtors
Cash At B•nk Ind In H•rKI
157.989
291940
85,347
2n858
450.929
358.205
Cr•ditorg - Amounts F•lling Du•
Wlthln One Year
430.421
122,216
N•¢ Cuvr•rt AM•ts
20.508
235,989
Cred•tors- Amounts P￿lIng Due After
More Than One Year
10
Z22&866
2.295.137
N•t
9.476.6•1
9,595.082
Represented By,.
Unrestrlcted Income Funds
9,476.601
9,595.082
The flnandal Mtemenu were ¥proved ty the Tru¥tees on 2(P Sewber2023 and SiKned on their behI￿b￿.
Ch•lr of the Board
io

WEST STREET CHARITY
Notes to the Financial Statements
For the year ended 31 December 2022
The prtndpal accovnting pokcies adopted. iJd8wnent5 and key sources of e¥txft￿ uncertainty in the preparation
of the financi￿ stat4menu ar• as follows..
Basls of accountlng
The financlal statemen¢s have be￿ prepared in accord￿￿* with Accounting •nd RepO￿nI by Chxrrtle5: Statement
of Re¢omm•nded Prauke ap￿1(a￿e to tharities prepariTrg th￿r accounts In accorthnce with the Flnancial Reportlng
Standard applicabl¢ In the UK and Republk of Ireland (FRS 102) - {Charrries SOKP IFRS 102)). the FInanCt￿ Reporrin8
Stsindard ipplicabl• In the UK and Repubk of Ireknnd IFRS 102). The Charlty has taken advanty of the reduced
dlsclosure exempuon$ undèr FRS 102 and not prepared • S&¢￿ent of C•sh Flowi.
The Charfty meeu tht d¢finltion ofa publk beneft entlty under FRS 101
Golng Conc•rn
The Trwteei <onsldÈr that there are no matethl uncertaintyu abour the Charlry's ablllty to contlnue as a 8oln8
concern. The major sjncerfainty In thls re5pert ts the futsjre rentsl Income strtams of th• Charl￿$ Investmenl
Properd•s and the Imptt of Coronthrus on thosefirture income streams. A decrease in fvture rental Income streams
11 affect tht l•v•l of grant Support th•¢ the Charlty an offer to irs beneficAry. St Gll*ln-thtrN•lds. Cath ￿l*￿e$
are 3Ltfflclent to mt*t on80iD¥ costs of the properties for the foreseeable fvtur¢.
Income recognltlon
l income 1$ rec¢)gnlJed once the has envd•n•ntt¢ th¢ Inwne, It Is probable thltthe kncome trfl be recelved
and th¢ amount of Income recefvable b¢ mo#ured r¢liably.
In¢om¢ from the letdng of the Chartrfs In¥e5unwt pro￿rtI￿ Is rn¢0￿1$Qd under the accru•ls ba515. Interex knc¢)me
is accounted lor *whw rrf4l¥ed as Is any Income tsx recovenble ￿ $uth in¢¢m
Expendltur• reco￿1¢10￿
Expendlture Is accrued as soon as a l￿bIlitY ts ¢onsldered probth and the amoun¢ of obli4tk4n un b• m•awr•d
rellabty. thnger term liabilitles ar• discount¢d to pTrsent
Th• costs of ratslng funds ￿nSISt of costs of ma￿TrInin¥ th• Inv•sknert propertlu and certain leDt and profe$¥ional
fe¢s.
Charitable expenditure indudes those costs kn fiJlfilkn¥ the Chirit*s principal oblect4 ￿ oudlDed In the Report of the
Tru3tee5. These includ¢ governance costs whkh are incurred in connection ¥￿th the admln15tra¢bon of the Charly
and compliance constit￿10￿81 and statsjrory requirements. whith r4Jks are undertaken m•lnty by the Trurteu.
Governance costs aho costs includè ¢osts rnlating to statsjrory indepwbden¢ audit and Itgal fee
Taxatlon
West Street Chartty Is exempt from tsxathx on income and zains ￿￿tr the Income and Corporation Taxes Acu to
the extent that these ar• applied to its charitalAe obiecu.
Investrnent Prowtits
Inyesrment propertles are measured at fair ¥￿ve of the bthnce shett date. The curren¢ Yaluawi w•$ pr¢par•d li
lune 2021 and based on market trtlue of the freeh¢)Id interesL
The Tnluation was carried out by S￿der￿n Weatherall, an indewdent Tnluer with recognlsed relevant
qualifications with experience of the locatkn and property chs&
Res¢rkdons appty to the Charit￿3 ability to r•alise the hwestynent property. As olKlosed in Note 10. the bank han
IJ secured by a tharge over the property and legal fitle to the property is held In trustfor the Chari¢y by thè Ltsndon
DioCe￿n Fund.

WEST STREET CHARITY
Note$ to the Financial Statements
For the year ended 31 December 2022
short.temi debtors and creditor5
Debtors are recognised then the charity rs let41ty entided to the incorne after afry performance conditions have been
meL the amount can be measured rel1* and rt Li probable that the Income ￿￿11 be received. Credittirs are recognised
wh¢n th¢ charrty has a present Eegai or construcrive obligation resuking fram a past even¢ to make payment (o a third
party, Itls probabl• that s•ttl•mnt WIN be required and the amount due to settle th• obllption can be maasured or
mated reliabty.
Fund Accountlng
All the Cha￿$ funds are unrestrlcred and can be applled by the Trustets In wrsu¥n¢e of charitabl• activities.
K•y ludgements arbd estlmatsi
The market value of inwtment properties is re￿¢w•d anny￿ty by the Trust•u and bamd on the condhlon ofthoi•
properrie5 the value 15 adjusted using a rxogni5ed marke¢ indic
T•)tsl
2022
Total
2021
Rents received
Dilapldations
Othor Incom•
336.697
195S
1.096
173,165
340.741
173.165
Total
2022
Tot*1
2021
Advertlskng & PLtblicty
Uuli¢ie$ Ind ¢oyncil
Malntenanc& deaning* equI￿ent e¢c
Security
Insurance
Man¥in8 W¢¥
Other professbonal fms
Loan Interest
nk charges
14
1558
13.661
7,815
1942
3,417
11,3SO
24.868
16.135
79.214
111467
73,218
S,188
242.811
145.971
12

WEST STREET CHARITY
Notes to the Flnanclal Statements
For tho year ended 31 December 2022
Total
2022
Total
2021
Grants to St GS1•s-in-theaFlelds
Off￿e cotts
Independent audt
Other govèrnancé costs
210.0
1370
1190
163
4.877
216,418
4.731
T•¥￿￿Tr
Al 4 charfty. West Strttt Chrity ra exempt from w on Income and ￿n8 falllng wlthbn the provisions of the
CorporaJon Taxes Act 2010 or the Taxation of Chargeable Gjlns Art 1992 to the extent that these are applied to
lu charitable olecrs. No tu thv%es havt arlsen ￿ the Chariy.
2021
2021
Work In proyets at I ￿nUary
Additions
Trnn5fer to fixed weu- InwDnent prnperdes
313,914
.145,316
(1.459,2301
n9
12&n9>
Work In progr•M at 31 December
2022
2021
V￿u* at l January
Transfir of work in pro8rus (note 61
Revaluation
11,654.230
28.n9
10.195.(M)O
1.459.230
Value it 31 December
11.682.959
11,654.230
The charity own5 properties- 24 and 26 West Stree¢ The refurbi5hrn•nt proiecL pmcipally of 24 Wes¢ Streel
was completed in 2021. In June 2020. Untty Trus¢ Bank Pk undertook a fdluatlon of 24-26 West Strerf through
extemal advisor5 Sanderson Weathe￿1 resulting in valuation of £I0.195,(￿. As the refurbishrnent works have n¢>w
Completed, but a re¥￿Ul￿On has not yet be￿ pwfvrmed. tht Trust￿ have determined tv reCo￿lse the
improvernents within the carrying vthe untTI a further enernal Ydluation is performed.
13

WEST STREET CHARITY
Notes to the Financial Statements
For the year ended 31 December 2022
2022
2021
Renul debtor
Prepaymenu
Loan to St Giles-in4he•FieJds PCC (no¢e I l)
Other debtors
8&748
19.241
11.716
14,318
s0.rAM)
9.313
157,989
85.347
?. Crndton. Am••Jnts V*lhy Du• WhNn On• Y•v
2022
2021
Rental In¢om¢ r¢c￿￿d In
VAT
Trade creditors
Accruals
Interert payable
Unity Bank loan
Other Creditors
127.419
17.884
754
27.440
912
746
7.118
86.327
180.375
430.421
121216
2021
2021
Unlty Bank loan
226.166
1295.137
The bank loan. ¢0 fund principaity 24 West S¢reeo is with Uni¢y Trux Bank At 31 December 2022. £2,313,193 of a
M￿muM faclllty of £Z437,101 had been dravm down. The k)2n 15 repayable over 20 years and charge5 an intere$t
rnte of 3.35% per annum over Bank C*f Eng￿nd Base Rate. Where the Base Ratr ￿ less than O. IX, the inter•5t rate
charged will be 3.35%. The k)an ha5 been Jecured by • tharge over 24 and 26 Wes¢ S¢reeL During the year, non-
utili5ation f•es of £nil12021: £5,188) were incunyd where the full facdity not be￿ drawn down.
The SL Gilesain-thtrField$ Ec¢le5iasucal Charitie¥ c(*npri
5t Giles-In-the4elds ParocPb41 Churth Councl
West Street Charity
Icla Duchess Dudley for the Rector CTrArlLy
Th* Caroline Clayson Charity
14

WEST STREET CHARITY
Notes to the Financial Statements
For the year ended 31 December 2022
The Rev T Sanders and Mr W Grundy are trustee5 in tomrnrtjn with the St Gile￿￿-the￿￿elds Arothial Church
Councll. We5r Street Charfty pald grants to SL GI￿n-the￿IeId5 Parochlal Church C<yJncll for payment of the
common fund contrlbution& 5tpends. salarie5 and the repair and rn4int¢nan¢e of the Church #nd Churchyard of SL
GIle￿On.the*Flelds amoundn8 to £210.CW (2021: £nd). At the year en4 £50.000 (2021: £50.0￿)1 due from SL
Glletrln-the-Flelds Parochlal Church CouncA In respett of an interert free loan.
There were no other related party trans4￿ either *ith the ab¢)vfrnamed thari¢i¢s or wlth the rru5tee5 personally
other than those ￿readY stated.
The Trustees dld not make any donation5 ¢0 the th¥ity durwi the year (2021.. £nil).
ij