WEST STREET CHARITY
Charlty Registration Number. 1135436
Annual Report and Financial Statements
For the year ended 31 December 2024
Tandem kcounring Lrd
Chanered Atcountants
17 Heathvillè Road
London N19 3AL

WEST STREET CHARITY
Annual Report and Financial Statements
For the year ended 31 December 2024
Contents
Page
Legal & adrninistrative Infomiatlon
Annual R•port of the Truste•*
Report of the Indeperbd*nt Audltors to the TNrtees
Statement of financial activities
Bal4nr¢ >hut
10
Statement of cash flows
Notes to the financial statements

WEST STREET CHARITY
Annual Report of the Trustees
For the year ended 31 December 2024
Ch¥ity Nam•
W•st Street Charity.
Charlty R•glrtratloTh no
1135436. Th• Charity VAS registered with th• Charity Cemmisiitsn.
Prln¢ipal Offsc
SL GilÈs-En-the-F¥el¢Js. 60 St (iiles 5treek London WCZH 8LG.
Gov•rnlng Document
Scheme esrablished by an order in the Chancery Division of the H￿h Court oflusuce 16
December 1949 as amended by stheme dated 01 I￿uary 2019.
Alms
The ￿mS of th¢ Charity are to rnaintsin and improve the property of the Charity124 and
26 West Srreerl and to support rhe PCC ot Sr Giles•in-the-Field5 in its work of min+sEry
and missson and mainratnifi8 the fabric and ￿OundS of St Gile5-in-the-Fields.
Truste
The W¢s¢ Streer Tnjstee knm1￿d Icompzny number 11508044) was appointed corporate
rru5tee of Wes¢ S(reet ChariLy on 20 February 2019. Ai thai dale, che existing trustees
of the Chariry became direcior5 of the Corporate Trusree and aci in the capacity of
tru5tee5 of Wesr Street Charity.
Prin¢•pal Officers
Rev T Sander
Mr H Am05
Mr R Manners
Mr A Power
Ms A Sampson
Mr T Dowse
Ms C Campbell
Dr VV James
Mr O 8ailey-Green
MrOHory
Mr W Grun(ty
Treasurer
Key Management
Personnel
The persons in tharge of directin& conrrollin& rnnning and operaung the Ch3riry on a
(Jay to day I￿51$ are the Trusr¢Es.
Banker5
Unity Trust Bank plc
9 Brindley Place
IrminKham 61
Independent AudStorn
Knox Cropper LLP
Chartered Accountants & SuttEfQry Auditors
65 L¢•denhall Street
Lrjndnn Ff.3A ?AD
Solicitors
Russell Cooke LLP
Blshop's Palace H¢)use
Kingswn Bridge.
Kingston-upon-Thames
Surrey KTI IQN
Chartered 5ur¥eyors
K6W Chartered Surveyors
Ciry Temple
Holborn Viadu

WEST STREET CHARITY
Annual Report of the Trustees
For the year ended 31 December 2024
London ECIA 2DE
Property Agents
The LOG Partnership LLP
39 Foley Sveer
London WIW 7TP
F¥ebrother
Chartered Surveyors
27 Brezm s Build1ngs
London EC 4A I DZ
The Trustees submit their report and the financial $Thremenu of Wesr Srreer Charity r'the Charity.) for the year ended
31 December 2024. The financial stateff*nts have been prepared in the formal prescrib¢d by the Statement of
Recommended Prattice.. Accovnting and Reporting by Charities ISORP 2019 IFRS10211. The legal and adminlstracive
Information set out eadier in this do¢umenr brms parr ¢f rhis report.
l. l. Tru¥¢ee•
The Wtsi Street Trustee Limited Icompany number 11 $080441 was appointed corporate trustee of Wtst Strett Charl
Ir* February 2019. The Direc¢ors of the Company are the Trustees of the Chariry and are the members of the Parochiil
Church Council IPCCI of 5t. Giles-In-the-Fields who are elected ar the Annual Parish Meeting and Annual Parochial Church
Meedng in Apnl each year. New members are Inducieij by the Recror and the Parochial Church Coun¢ll.
Tru5tee5 mer on five occasions iv rhe year to 31tt December 1024 10 consider management matters in re5pe¢E of the
Charity's property and to make granrs ro the St Giles-in-the-lields PCC. The mwn topics of business concerned the
refurbishment of 24 WesE Streec the reSTden[i￿ lertTnE of 26 WesT s￿and the commercial letting of the Lower Ground
Floor of 26 Wesr SrreeL
1.2 Risk Management
The Trustees cofjvnued zo assess the major risks to which the Charity 15 exp05e& pantcularly those related to the
operations and finances of Ehe Chariry. The Trusrees recognise a number of key risks faced by the chariry, which are
Outlined below. and are satisfied thai SySEems are tn pLice to mitigate the exposure of the Chariry ro these risks.
External risks
Tenant default- constitures a risk to tncome 2nd.
U1￿MIle1Y, EO capital value
Economic OUElook- a&erse economic trend5 that
may affeci capltal valu¢
Miti ations
Use of professional agents in ￿nant due diligence and
rneni
Convnued rnwnrenance of low gearing and conservation
trf rclcrrtj
Professional advice in understanding chanwng dernand5
and Theed5 frtsm residenrial and comrnercial renan
Su5rain relation5hip5 Wlth our bankers
Obtaining profe55ional adw¢e in arranging ind mettin8
new financin
uirements
Avallability of exremal finance On a¢ceprable terrns-
maintaining and •)han¢ing the ¢aplral value of the
portfolio require5 debi financing
Intern￿ Tisks
Porcfolio concentratÈOn- a5sefS c0ncenrrn￿d Fn West
Srreer
Ensuring properties are suite¢J t¢ Chan￿ng need5 of local
tenants
Continued mwncenance of low gearing and conservation
of re5erve%
Rigorous review of developmeni opportunities and rlsks
urili5ing external professional advice
Seeking fixed price contracts ￿th bulldlng contractors
Close monitoring* together with our external adviser& of
uve de￿19
Developmenc and refurbishment- dtvelopm•nt and
refurbi5hmenE offers the ability to mainrxin or enhance
capital value of a55et but carries risks ro plwnin&
consirucuon timing, cos15 and letting

WEST STREET CHARITY
Annual Report of the Trustees
For the year ended 31 December 2024
l Actlvltles & Str4t•gle¥
The Trust••s art aware of the C￿rity Commiulon't guidwce on publk benefit and have given 1¢ ¢*Je r•prd in their
administration ol th¢ Charity.
The alms of the Chari¢y are ¢0 main(ain and improve the property of the Chariry124 and 26 Wesi Street) ¢0 support
the PCC of St Giles-in-ththetds in its work of ministry ind missinn 2nd m*intainin8 the fabric artd Brounds of St Gil4É-in-
the•Fields.
The Charity owns rwo propertie5. 24 and 26 West Street (the latter named 'The Mission House,) and receive5 rental
income from both. Legal urle to the properties Is held by the London Diocesan Fund in Trust for the Chariry. The upper
flo¢*rs of no. 26 comprtse four residential flar5 which were lei our to tenanrs during 2024. The lower ￿011nd floor of The
Mission House is let as office ac¢ommo&tion.
The Wustees. yi iiridty dilTi for diE year was to conrlnue EO lei the the commerciat office space In 24 2nd 26 West Srreet in
order to maintain and conserve the historic building and provide charitable grants to the Parochi￿ Church Council of S¢-
Gile$-in-the-Fields.
During the year the Trustees and Direcrors provided grants of £359,00012023.. £220.(thl for the upkeep of the Church
of Sr. Giles-in.the-Fields. The Chartty main(wn5 borrowing tscilities wtth Unity Trust Bxnk whirh <L*iired to financ
the refurbishment of 24 Wesr Street and refinance of existing borrowin& Ar ye¥ end borrowing5 roralled £1218,283
12023.. £2.278.1161.
4. ￿nancIal Revlew
Funding for the Chariw comes primarily through rental income from 2*26 West Street
4.1 Financial Artivity and Financial Position
The Statemerst of Financi&l Acuvtues and Balance Sheet ran b2 found on page5 9 and 10 respecovely. The Chariry'5 re5erve5
increased by £3.337.488 during the year 12023.. increased by £77.2911. The baLince Sheet shows tOEal ner a5set5 of
£12.891.38012023.. £9.553.8921.
The trustees made grants of £359.¢X￿l 12023.. £220.0(￿} to the PCC of Si Giles-in-the-Fields out of the rental income
received from its properties. The Ernsrees have reviewed buiJgec5 and cash flows for a period of 12 monEhs from tile date
of signature of these aecounts. Surplus genera￿d from rental intome, and the exisDng fir￿ltI#l resources. are deemed
suffictent ro fu￿11 the Chariy's obligations. includtng the Se￿cIng and repayment5 of a loan from Uniry Trust 8ank plc.
Trustee5 give careful thou£hi to the snvesrmenr of such int¢yne. The trusiees will CC￿tinue ro mooiwr the reserves polioon
¢0 ¢nJur¢ Ehai the leY¢l of rtstrycs rcfflaln3 approprlaie for Its t)biecLlve5.
4.2 A•￿t¥￿I Pollcy
Trustees do nor hold a fornial Reser¥e5 Policy but are mindful ol the need to have sum5 available to 5upporr Ihe ministry
and mission of Sr Giles•in-the-Field5 were li to experientt unexpected financial demands and io provide for the mainEenanee
and upkeep of irs properties.
In Septembor 2025. Unlty Truit Bank Pk undertook a Y￿￿arlOn of 2*26 West Streer throukh extern￿ acfvis¢rs CoppBr
Joyce. This Trrtluation detemined thaL prior to ifs refurbishmenL the marker value of the property was greater than rhe
carrySng valu¢ a¢ 31 December 2024. The let rnzrkef vllut had been deemed £14.860.TraO versus • ¢arrying value of
11.682.959. with the propery valuarion updated in th￿e 310ecember 2024 financi￿ statomenrs.

WEST STREET CHARITY
Annual Report of the Trustees
For the year ended 31 December 2024
5. Pl•ns for FU￿re Periods
To contlnue 10 manage and lei the properry of the Charly at 24 and 26 West S¢r¢eL
To m&ximisè the ificome from 24 and 26 West StreeL
O. Responslbllltles of Trustees for the Fi1wKl￿ Statem
The Trustee5 are re5POll51ble for preparing the report and the financial Scatemen￿ in accordance with applicabte law and
United Kingdom Generally Ac¢epteiJ Ac¢ounvn8 Pracrice. Chariry in England an¢J Wale5 requ¢re5 the Trustees to
prepare finan<ial staiements for each fi￿ncIlI period which gNe a true and fair ￿eW of the state of affalrs ol the Charity
d of the incoming rejourcej applicatyon of resources of the Chiity for that period.
In preparing those financial statements, the frustees are required io..
5elecc sulta￿e accountini policie5 znd apply them con515tendy',
ob5er¥e rhe methods and principles of the Charives SORP.
make iudgements and estimate5 that are reasonable and pruijen
sta¢e whether applicable accountiD¥ Standards have been followed suble¢t to any deparcures dlsclosed and
explained in the financial statemenrs.. and
prepare the financial statements on the going conttrn basis unless It Is Inappropraie ro presume that the ictiviues
of the Charity will contsnue.
Thè Trustees are responsible for keeping adequate accounting record5 wh¥ch disclose with reasonable accuracy at any time
the financial position of the Charity and enable5 them EO ensure that the finanual statements comply with the Charities Att
2011, the Charity (Accounts and Reports) Regulavon$ 21J08 &nd the provisitsns of the govern*ng docurnenL The Trustees
are also responsible for safe%uarding the assets of rhe Chariry and hence for raking reasonable Steps for the prevenuon and
derecuon of frnud and other irregulariries. The Trustees 3re re5pon5ible for the maincenance and integriry of the Charity
and financnl iTrforniation included in the Chamy s websif
7. Approval
2811942025
The reporc of the Trnsrees was approved by the TrvsEee5 on xxxx 2
5 and 5igrt¢d on their behalf by.
Rev T Sander
Chair of the Board

WEST STREET CHARITY
Report of the Independent Auditors to the Trustees of
West Street Charity
Oplnlofft
We have audired the financial statemenrs of West Street Charity (the 'tharky'l for the year ended 31 December 2024
which comprise the 3tatement of financiai acii¥ive5. the b￿ance sheeL and no(e5 to the financial statement5. includin2
summary of 5ignrficanE accounung policies. The financ4al reporring framework thac has been applied in the¢r preparttion
15 applicable law antj Unl￿d Kingdoffl Accounung Standard5. IUni¢ed knngdom Generally Accep¢ed AccDunring Pracucel.
including Financial ReporriThg Standard 102'The Financial Reporrin8 Sw)tJard applicable in the VK and Republic of Irelan(r.
This reporr Is made 501ely to the chariry's rrustet5, as a bo*. in accordance with sect￿)n 144 Of the ChariDes Act 2011
and regulations made under 5ettion 154 of thar A¢L Our audit work has been un¢Jertaken. so that we might Sfate to the
charity's trustees those matters we are required to stare to them tn an auditor's report and for no other purpose. To
the fullest enent permitted by law. we do nor accept or assume responsibility to anyone other than the charity and the
charity's trustee5 3s a body. for our audit work. for this repor¢ or for the opinion5 we have fornied.
In our op￿10n. the financol sratement5:
v• a true and fair ￿tW of the state ol tht charity's affairs as at 31 December 2024 and of iu inc¢)mlng resource5
and applicauon of resources for the year then ended:
have been propedy prepared in accordance United Kingdom Generally Accepted Accounrrng Practic
including F*naneial Reportin% Standard 102 The Financial Reporung St3ndard applicable in the UK and Republic
of Ireland,: and
have been prepared in accordance the requiremenr5 of the Charittes ACT 2011.
Basis ftsr opinion
We conducted our avdit in atcordanee with Internarion￿ St2nthrds on Audrting (UK) IISAS IUKII 2nd applitable law.
OLtr responstbiliDes under those 5tsnd2rds are further described in the Audrtor's responsibslities for rhe audit of the
finant131 statemenrs secuon ol our reporL We are independent of the charity in accordance with the ethical requiremenrs
that are relevant to our audit of the finanoal st3tements tn the UL including the FRC'5 EEhical Srandard, and we have
fvlfilled our other ethical reSpon￿bIll￿e$ in aecordance with these requirements. We believe that the audir evidence we
have obT2inÈd 15 sufficient and appropriate ro yovide a basis for aur opiniorL
Conclusion5 relating to going concern
Sn auditing rhe financial statements. we have conduded that the rrusree's use of the going concern basis of accounting in
the prepardtion of the fiftanC￿ statements is appropriate.
Based on the work we have performed. we have not identified any material uncertainries relavn¥ to event5 or condioDns
that, individually or CO1￿ctIve1y, may casc 5iznrficanf doubt on fhe ch¥iw'5 abiltty w cononu¢ a$ 4 going concern for a
poriod of tsr I*Asi ¢w•fv• month• from ths fin•nGjd arc authorlJ¢d Ic*r l>#uE.
Our respon$lbilitie5 and the r¢winsibilirles of the trustees with respect to going Con￿rn are descrlb•d in the relevant
settion5 01 thts reporL
O¢her Inforniation
The other information compri5e5 the inforniation induded in the annu￿ reporL other than the financial sutements and
our atsditor'5 report thereon. The tru5fft5 are reswnsible for the other inforniatton.
Our ¢plnion on the financial statements does noi cover the other information and. except w the exrent otheM5e
expli¢i¢ly sta￿d in our repo￿ we do not express any forn) ol assuranu c<>ndusion thereon.

WEST STREET CHARITY
Report of the Independent Auditors to the Tru5tee5 of
West Street Charity
In connectson with our audit of the ffinan¢d sratemenrs. our responslbility is to read the other irtfgm)ation and. In doin8
so. consider whether the other inforMat￿N is maf¢rialty inconsistenr with the financial 5tatemeAts or tsur knowledge
obtained in ihe audii or otherwtse appears ro be materially misstate& If we identfy Such material inconsistencie5 or
ppareni maierial mi55taiemenE& WE are required Lo deterThinE y4liediw 1> a i)uier ial niisstatemeni in the fiTraDcial
staiemenrs or a material mis5tarement of the other infornuvon. If. based on the work we have perfomied. we cvnclude
tha¢ there is a material mi5s¢acement ol this other inforniavoft. we Ire reqvired to report that laeL Wt have nothin¥ 10
report Sn thi$ reprd.
Matters on whlch w¢ •re requlred to report by •xc•ptlon
We have nothing to report in respecT of the folbwing rnatters where the Chariues (Accounts and reports) Regulations
2008 req¢Jires us ro report 10 you rf. in our opinion-.
the infomiauon &ven in the Report of the Trustee5 is inconsr5trnr in any material re4>ert with the fifiincial
stsiemeftrs.. or
sufficleni accounung recorth have not been kepL or
the ftnancial statements are not in agreement tht atcounung records: or
we have not recetved the tnfornHtion and eyknations we require for our aucbt
ResponsilNlities of trustees
As explatned more fvlly in the statement of Trustees Re¥ponsibTlities. the trnSEees are responsible for the prep2r2cien of
the financi315tatements whith yve a true and f¥r view. and for such inrernJl control a5 the trusrees ￿e￿MIne is necessary
to enabje thE preparation of financial starwnenrs that are free from material rnissEatemenL whether due to fravd or error.
In preparing the financial Statements. the rru5ree5 are responsible for assessing the chary'5 ab11￿Y to continue as a going
concern. di5c105in& as 3pplicabl£ matten relared ro going concern and using the going concern basis of accounting unless
the trustees either intend to liquidate the charity or to cease operntions. tsr have no realistic alternative but tts do so.
Auditorfs respon$ibllltle$ for the autht of the financial statements
We have been appointed as audinr under 5ettion 144 of the Chariries Act 2011 and report in 3ccordance with the Att
and relevani regulations made or having effect thereunder.
Our objectives are io obtain reas¢nable assurance about whether thE financial sratemerts as a whole are free from
material rni55tatemenL whether due to fraud or error, and ro issue a Report of the l*dependent Auditor5 that include$
our opinion. Reasonoble a55urdnce is & high level of assurance. but ss not asuardniee that an audlr conducrtd In iccordance
with ISAS IUKI will alway5 detett a maleri￿ missratemeni when it exists. M5sstatemenrs can arise from fraud or errgr
and are considered material rf. ir4dividually or in the aggregare. they could rea￿AIblY be expected to influence the
economic deusi¢ns of users taken on the basi5 of these financi￿ sutements.
Irregularitios. inchtding fraud. are inxances of non•compliance with law5 and regulatlons. We des18n procedures In Ilne
with our re5ponsibiliii¢s. oudined above. to detect material mi$$tatemenrs in respect ol irregul¥iiies, including fraud. The
exrent ro which our procedures are rapable of detecrlng irregularities. including fraud is derailed below..
The charr￿ is required to compty with tharity law *d. based on our knowkdge of tts a£tNiue5. we idenyfied
that the legal requiremenr w accuratety account for endowmenr wa5 of key 5i8nfficance.
We pSned an understanding of h¢)w th• chariry complied it5 and regulatory framework Includinz the
requiremeni To propedy accouni for endowmenr fvnds, through diicussions wS¢h managemènt and a r•vlth¥ of
the Trjocumenced policit$. procedures and controls.

WEST STREET CHARITY
Report of the Independent Auditors to the Trustees of
West Street Charity
The audit ￿Arn. which 15 experienced irt the audit of chartcies. considered the charity's suscepubility 10 material
mlssts¢emen¢ and how frdtsd may occur. Our considerauons included the risk of managemenr override.
Our approach was ro check that all income was propedy identified and accounted for and to ensure that OAty
valid and appropriare expendirure wa5 charged. Thi$ induded reviewing Journ￿ adjustments and unusual
transactions.
A further description of our responsibilioes for the audit of the financi￿ Karemenrs is located on the financi￿ Repordng
Council's websiie ac www.frC.or&uWauditon￿P0n1ibIlltits. This desutpuon fomis part of our Report of the
Independen¢ Audiiors.
LfvLLF
KNOX CROPPER LLP
Chartered Accountants and s￿¢￿Ory Auditors
65 Leadenhall Street
London EC3A 2AD
28 October
2025
Knox Cropper LLP 15 elsgible lor appoinunent as auditor of the Chanty by virt¥Je of its eligibslity lor app01nD￿ent a5
auditor of a company under section 1212 of the Companies Act 2006.

WEST STREET CHARITY
Statement of Financial Activitie5
For the year ending 31 December 2024
2024
2023
Note
Income from:
Investments
781.295
531.381
Total Income
781.295
531.381
Expèndlturn on:
Raising fun¢Js
Charitable activities
254.605
366,243
228.133
225,957
Total E¥pendltuYe
&?O.A48
454.090
NeE gainsjlbssesl on Invesuneni propery
3.177.041
Net Incomel(expendl￿r•) beforn tax
3.337.488
77.291
Tax payable
N•t incom•l{exynditurn) aft•r tax
3 ￿37.488
77.19 1
Other recoznised g4tnslllossÈsl
Net movement in fvnds
3.337.488
77.291
Tod funds broughr fornard
9.553.892
9.476,601
Total fund$ carried fon￿rd
11891.J80
9,55J,892
l the auivtEies r¢porred aboye represent conunuing operations.
The Ch*rity onfy has Unresfmcfed Funds.
The r50te5 forrn part of these financial statements.

WEST STREET CHARITY
Balance Sheet
As at 31 December 2024
2024
2023
Note
Flxed Assets
Invg.*mip.nr property
I4,860.C￿0
11.682.959
14,860.CrfJO
11.682,959
Currnnt Amtti
Debtors
Cash A¢ Bank And In Hand
193,166
479.567
261,045
299,094
672.733
560.139
Creditors- Amounts Fallin¥ Due
WSthln One Year
517.220
500,987
N•t Curv•nt AM•ts
155,513
59.152
Creditors- Amounts Falllng Dut After
More Than One Year
1124.133
2.188.219
Net Assets
12.891,380
9,553.892
Representrd By.
Unrestricted Income Funds
12.891.380
9.553.B92
The financ￿￿ statemenrs were approved by the Trust￿ on ZZ •
2025 and si￿ed on their behaw br.
Chaly of the Board

WEST STREET CHARI
Statement of Cash Flows
As at 31 December 2024
Total
2024
Total
2023
Note
Ner cash Ilows from operaTtng actfvlrles
10
390J59
223.853
Cash flowi from Investing actlvttle
Loan repaymenr
Net tath used In Invtrtln8 a<tlvltl
50.000
Cash flows from financing activities
Repaymenrs of borrowing
Cash tsuthows from financing cosu
{59.8331
1200.2531
135.077)
{182.6221
Net tash uséd lft financing atti￿rieS
1260.086)
1217.6991
Change in cash and cash equivalents in the
rnportlng peTlod
180.473
6.154
Cash and tash equivalents brought forward
299.094
292.940
Cash and cash equivalents carried forward
479.567
299.094
&J•4'
li

WEST STREET CHARITY
Notes to the Financial Statements
For the year ended 31 December 2024
l. Ac¢ountln8 Pollcl•%
The principal accounting policies adopted judgements and key sources of estimation un¢eruin¢y in the prepardtion
of the financiat s¢atemenu a￿ as lollows-
Basis of ac¢ountOn8
The financtal st&remenTS have been prep3red tn accord¥nte with Accounting antd Repor(ing by Charities.. S¢a¢emenr
Of Recommended Practice appltscable ro chariries preparing rheir *ceount5 in accordance with the Financi￿ Reporting
Stand•r¢J applicable in the UK and Republic of Ireland IFRS 1021 . Ichariuts SORP IFRS 10211. che FInancI￿ Reporring
Stafidard applicable in the UK and R￿UbliC ol Ireland IFftS 1021.
The Charity m¢eu the definition of a public benefit enriry under FRS 102.
Going Concern
The Truswes consider that there are no mJreri•l unceryaintits about the Charity's ability to continue 35 & going
Concern. The m4.or uncerrainry in thi5 r¢5pecI is the fuDJre ren￿ income s¢reams of the Charity'5 Invescmenr
Propertie$ and the impacr of Coronavirvs on those fijture income 5tream5. A decrease In future rental income streams
wlll affett the level of ¥ranT support tha¢ the Charity can offer ro its beneficiary. St GileSwin.thtrFields. Cash reserves
are sufficlenr ro meet ongoing costs of the properne5 for the foreseeable future.
In<ome recognition
All income is recognised once the charity has enDdemenr ro the incom& it is probable that the income will be received
and the amouni of income receivable can be measured ￿liably.
Income from the lecong ofthe Charity's &nvestmenc properriÈs is re¢ognised under the accnds basis. Inwe$t income
is accounted for vthen received as is any income w recoverable on such inctsme.
Expenditure recognition
Expenditsjre is accrued as soon as a liability is COns￿ered probable, and the 3mount of oblipotsn can be measured
reliabty. Longer Trrm Inbiliue5 are discounted to pr¢5enr TfiEue.
The costs of rai51D8 fijnds consisr <rf costs of rnaintaining the invesfment properrie5 and certin legal and profe$5ional
fee5.
Charitsble expentjtture includes those cosrs in fulfilling the Ch3rity'5 principal objec(s. a5 Outlined in the Report of the
Trusrees. These incl￿de governanrp rt)￿5 which are incurrÈd in tonrtecvon with the Jdminiscr2uon Of thg Charity
and compltance with consDfUtional and 5tarutory requirement5. which task5 are undertaken rnainty by the Trusrees.
Governance costs ￿50 costs include colls rektinz to Statutory indwdent auth"t and legal fees.
Taxatlon
Wesi Stre¢E Charlty is exempt Irom t￿tIon on Incom• and pins under the Income and Corporation Taxes Acts to
the extent that these are aP￿i¢d w irs charitable objects.
Inv•stm•nt Prop•rtl•£
Inve5trnent properries are measured at f￿r Y41ue of the baknnce sheet date.
Restricttons apply to The Chariy's ability to realise th¢ inyestmeni property. As dtsclosell in Note l O, the bank loan
s secured by a charge over the prop•rty and leDI ucle to the propety is held in crust for the Charity by the London
Dioces￿ Fund.

WEST STREET CHARITY
Note5 to the Financial Statement5
For the year ended 31 December 2024
l. Accowrtlnz Pollcles (coThtlnued)
Short-terni debtors and ¢redltory
Debcor5 are recognised when the cbaricy 15 le8allx entided to the income after any performance condiuon5 have been
meL the amounc can be measured reliably and it is probthle that the income wll be reeeived. Crtdirgrs are recognised
vhen Ihe charity ha5 a pre5eni legal or con5truiuvE Dbli8auon re5uluns frvTn a pa5¢ fVE¥it tsj ￿rrrI￿lL Lu d diii d
party. li is probable thar settlemenr wll be required and the amount due ¢0 Settle the obligation can be measured or
escimaced reliably.
Fund Accountinz
l the Chariry's funds are unrestricted and can be applied by the Trustett in pvrsuanc• of iu tharitable acthtsies.
Key ludgements and estimates
The market ¥21ue of Investment properues Is rewewed annually by the Trusrees and based on the con￿￿on of those
properties the valve is adjusted using a reco￿lsed marker indice5.
2. Incom• from Inv•rtThnts
Total
2023
2024
Rents retrived
Dilapidations
Interest Recetved
776,112
526,714
215
4,452
5.183
781.295
531.381
3. Expenditure on Raisirry Funds
Ttrtal
2024
Total
2023
Utilities and council tax
Maintenance. cleaning. equry>m•nt etc
Stcuriry
Insurance
Managing agents
Loan interesE
1503
18.943
5.592
2.585
16.071
17.136
199.808
14.n2
18.329
186.802
254.605
228.134
ij

WEST STREET CHARITY
Notes to the Financial Statements
For the year ended 31 December 2024
Total
2024
Total
2023
Grydnts to St Giles-in-¢he.Fields
Office costs
Independen¢ audiLor's fe•
359.(XJO
294
6.949
220.0
1.329
4.628
360.243
225.957
S. Taxatlon
As a chariw. West S¢r¢et Chariry Is exempt from tax on income and gains falling within the pro¥isions of the
Corporatyon Taxes Act 2010 or the Taxatyon of Charyeable Gain5 Aci 1992 ¢0 the ex￿nE thai these are applied to
It5 charitable objects. No charles have arisen on iht Charity.
2024
2023
Value at l January
Gain on revaluation of ￿VeS[Ment property
11.682,959
3.177.041
11.682.959
Value ar 31 December
14.860.000
11.682.959
The charity owns two properties - 24 and 26 We51 Street A re¥￿￿2[19n of the properries was performed in
September 2025 by Copping loyeÈ, an independenL RICS rey$tered Yaluer. with a let market value of £14,860.000..
Accordingly the trsjstees have rev31ued the properrie5 to this valu3Don forthe 31 December 2024fin3nciat staTemenu.
2024
2023
Rent￿ debtor
176.035
195.871
15.174
50.000
PrePa￿ents
Loan to St Giles-in-the-Fields PCC
193.106
261,045
14

WEST STREET CHARI
Notes to the Financial Statements
For the year Ènded 31 December 2024
8. Cr•dlton. Amowts Fallln8 Due Wlthln One Year
2024
2023
Rent dep￿rt
VAT
Trade credlro
Accrua15
Deferred income
Interest ￿lible
Uniry Bank loan
Other Crnditors
173,675
30.134
6,207
174.075
31.357
306
4.264
181.736
188.207
16.717
94.150
1190
89.897
1190
517,220
500,917
9. Credltors. Amowtts F￿[Ing Due After More One Year
2024
2023
Uniry Bank loan
2.124.133
2.188.219
At 31 December 2024, £L235,1)00 of a maximum faciltry of a.437.101 had been drawn down. The loan 15 repayable
over 20 year5 and charges an interest ratr of 3.35% per annum over Bank of E￿￿and Base Rate. Where the Base Rate
is less thhn O. 1% the tnieresi race tharged wTrll be 3.35%. The loan ha5 been Secured by a thar¥e over 24 and 26 West
SrreeL
10. ftecon£iliatlon of net ITKome ts net Iloiv from operntinz a£tMtl
Total
2024
Total
2023
Net surplus for the reportlng perlod (a5 per
the statement of financial activlties)
3.337.488
77.291
Adlustments for.
Interesc payable
Ilncrea5elldecrease in debtorn
IncreaselltJecre4sel in cr¢dirors
Gain on valuauon of investment property
199.808
17,879
12,425
13,177,041
186.802
1103,0561
62.816
Ne£ cash Pr￿Ided by operatyns act¥viti¢5
390.5S9
123.853
15

WEST STREET CHARITY
Note5 to the Financial Statements
For the year ended 31 December 2024
I l. R•l•ted Party Transactlort•
The SL &￿-In-the-FIelds Ecdesiasticat Charities ¢omprri$&
St Gile5-1n-the-￿eld5 Parochial Churth Countil
West Street Chariry
Alicia Duchess Dudley for the Rector Charity
The Caroline Clayson Chariry
The Rev T Santler and Mr W Grundy are (rus￿¢$ in eommon with the St Giles-in-the-F¢elds Parochi21 Church Counal
"Si Giles"). The West Street ChaAry issued grants to SL GFles for payment of the common fund contributions,
Stipends. ￿arleS and th¢ repair and mainLtllailLe uf Churili and Churchrard of Si Glle5 amoundng ro £359,OCI)
12023.. £220.WOI. At the year end. £nil12023.. £50.ThJ)I was duè from SL Giles in respe£i ol an interest free loan. In
2024 the Chariry converred the loan to a granr ro SL Gile
Thére were no other related party trdnsacuons •ther wrth th• above-named charitles or with the trustees pers¢)nally
other rhan thosè already state
The Trusiees did nor make any donations ro the charity during the year {2023.. £nlQ.
Jts