THE GUILD CHURCH COUNCILOF ST DUNSTAN-IN-THE-WEST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
Independent Examiner:
Knox Cropper LLP
Chartered Accountants
65 Leadenhall Street
London EC3A 2AD

THE GUILD CHURCH COUNCIL OF ST DUNSTAN-IN-THE-WEST
FINANCIAL STATEMENTS
YEAR ENDED 31ST DECEMBER 2024
Contents
Page
Annual Report
Structure and Governance
Administrative Information and Professional Advisors
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements

Page I
THE GUILD CHURCH COUNCIL OF ST DUNSTAN-IN-THE-WEST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
We are pleased to present the annual report and financial statements for the year ended 31 December 2024.
AIMS, PURPOSES AND OBJECTIVES
The Guild Church Council of the Guild Church of St Dunstan-in-the-west is a body corporate established by
the City of London (Guild Churches) Act 1952, ss. 6111 and 17. Its primary duty is to co-operate with the Guild
Vicar in the initiation, conduct, and development of Church work in or in connection with the Guild Church of
St Dunstan-in-the-west.
As a Guild Church, St Dunstan's principal mission is to the local working community and those visiting the area
and, as noted more fully elsewhere, to provide a home for the Parish of St George of the Romanian Orthodox
Church. St Dunstan'5 15 situated in the Parish of St Bride, Fleet Street but does not form part of that Parish. It
Is part of the City Deanery of the Diocese of London of the Church of England and is under the jurisdiction of
the Bishop of London. The Patron is the Archbishop of Canterbury.
The membership, officers and procedures of the Guild Church Council are governed by the Guild Church Acts
and the Church Representation Rules 2022 as provided for by the Church Representation and Ministers
Measure 2019 insofar as these Measures affect the Guild Church Acts . Members of the GCC have the same
responsibilities as those of a parochial church council and, as such, have the same responsibilities as charitable
tru5tee5.
WORSHIP AND MISSION
During 2024 the Council supported the Guild Vicar in the conduct of public worship in the Church. The pattern
of services remained as in previous years, with a weekly said Mass at 12:30pm on Tuesdays supplemented by
occasional lunchtime or evening services on other Holy Days. The weekly services attracted a small but regular
congregation drawn mainly from the local business community, which is the primary focus of the Church's
mission Iconsistent with the Church's role as a Guild Church within the City of London),. there is now also a
small congregation of online worshippers who are based more widely.
Other services tend to draw larger congregations, particularly the annual Patronal Festival Service held on or
near the 19 May, St Dunstan's Day, and the special services during Advent and Christmas. During 2024 the
Week of Christian Unity Service and Advent and Christm35 carol services were held as had been the tradition
for many years.
In addition to the public worship offered in the Church, the Council has maintained its policy of keeping the
Church open to the public on weekdays between the hours of 10.00am and 3 pm. It has resumed the hosting
of concerts and allowing the Church to- be used as a rehearsal or concert venue. The Church's function of
offering a quiet haven for private prayer and reflection, which the Council views as fulfilling an important part
of the Church's mission, has been resumed and the Church continue5 to attract a significant number of
pas5ers-by, drawn in through the open door on Fleet Street.
The Council is very grateful to those who have worked alongside the Guild Vicar to keep the Church open and
functioning during 2024 especially to the Administrators Ims Alison Rogers and Ms Michele Rogers1 who have
enabled the Church to be kept open durinE the week.

Page 2
THE GUILD CHURCH COUNCILOF ST DUNSTAN-IN-THE-WEST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ROMANIAN ORTHODOX CHURCH
Since 1964 the Church has served as the spiritual home in London of the Romanian Orthodox Church, which
conducts services in the Church at weekends and on principal feast days. The Church houses a large iconostasis
which was originally in the Antim Monastery, Bucharest. This was installed in June 1966, and is just one of
many historic artefacts contained within the Church. From time to time the connection between the Church
and the Romanian Orthodox community is celebrated at joint services, most recently at a service in February
2019 attended by HM The King as Prince of Wales. The CoLJncil places a high value on the Church's historic
links with the Romanian Orthodox communityi and views the Church's ecumenical role as an important and
distinctive part of the Church's mission. The (ouncil is most happy that the Romanian Orthodox community
has now returned to the Church.
CHURCH CAPITAL PROJECTS
The Boilers in the Church were replaced during 2024.
The Council is continuing to look for possibilities to release the Vestry and Oval Room for other uses (including
occasional commercial hirel.
No major capital projects are envisaged in the immediate future.
FUTURE PLANS
There remains a need to redecorate the building, a need that much more apparent as a result of the greatly
improved interior lighting.
The Council is confident that the church has now returned to normal operations as a Guild Church, funded bv
congregational giving, donations, receipts from visitors, the use of the building by the Romanian Orthodox
Chkjrch and receipts from the rental of the Church Rooms by outside users.

Page 3
THE GUILD CHURCH COUNCIL OF ST DUNSTAN-IN-THE-WEST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
FINANCIAL REVIEW
The Guild Church Council recorded net expenditure for the year of £31,236 compared to net expenditure in
the preceding year of £10,956. The main reason for the movement was the expenditure incurred in respect
of the replacement of the boiler.
Unrestricted income amounted to £139,421, compared to £140,237 in the preceding year, with licence and
rental income increasing from £49,475 to £90,610.
Unrestricted Expenditure increased from £152,050 to £170,652 with costs remaining relatively comparable
year on year other than capital projects. This expenditure includes the contribution to the Diocese of London's
Common Fund amounting to £33,368.
Restricted Income and Expenditure predominantly related to grants for and expenditure on the boiler.
At 31st December, the Balance Sheet recorded net assets of £203,452.
The Major Capital Projects have had a signif1cant effect on the Church's financial position, but it is envisaged
that with financial discipline the resumption of normal operations it is hoped the resetves position will improve
in the coming years.
Risk management
The GCC gives ongoing consideration to the major risks to which it is exposed and is satisfied that Systems and
procedures are in place to manage those risks which are reviewed annually.
Reserves Pollcy
The GCC aims to maintain a balance on unrestricted fund5 equal to approximately six months of expenditure.
The Council nevertheless recognises that with its current concerns about the operational safety of the building
these aims may need temporarily to be aspirational. A comprehensive review of the Reserves Policy will be
made during 2025.
STATEMENT OF TRUSTEES, RESPONSIBIUTIES
Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for
each financial year which give a true and fair view of the state of the GCC'S financial activitie5 during the year
and of it5 financial position at the end of the year. In preparing those financial statements, giving a true and
fair view, the trustees should follow best practice and..
select suitable accounting policies and apply them consistently,.
make judgments and estimates that are reasonable and prudent,.
state whether applicable accounting standards have been followed subject to any material
departures disclosed and explained in the financial statements-
prepare financial statements on the going concern basis unless it Is inappropriate to presume that
the Foundation will continue to operate.

Page 4
THE GUILD CHURCH COUNCIL OF ST DUNSTAN-IN-THE-WEST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
STATEMENT OF TRUSTEES, RESPONSIBILITIES Icontlnuedl
Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at
any time the financial position of the charity and which enable them to ensure that the financial statement5
comply with relevant legislation. They are also responsible for safeguarding the assets of the charity and hence
taking reasonable steps for the prevention and detection of fraud and other irregularities.
Governance and administrative details of the GCC are to be found on page 5 of this report.
INDEPENDENT EXAMINERS
A resolution to re-appoint Knox Cropper a5 independent examiners for the following year will be proposed at
the Annual Guild Church Meeting.
Approved by the GCC on 27, May 2025 and signed on its behalf
Canon Anthony Howe
Guild Vicar and Chairman of the GCC
David Powell
Churchwarden and Treasurer to the GCC
Date: ..
-2025

PaEe 5
THE GUILD CHURCH COUNCIL OF ST DUNSTAN-IN-THE-WEST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Church Officers and GCC members serving from l January 2024 untll the date of thls report:
Guild Vlcar:
The Reverend James Wilkinson Iresigned january 20241
The Reverend Canon Anthony Howe ILicenced May 20241
Churchwardens:
Mr Andrew Barnett, OBE
Mr Robin Hay
Mr David Powell
Mr james Sherratt
Deanery Synod Representative5:
Mr Andrew Barnett, 08E
Elected mernbers:
Mr Matthew 8urroughs
Secretary:
Ms Michele Rogers
Treasurer:
Mr David Powell
Offices:
186a Fleet Street
London
EC4A2HR
Bankers:
Messrs C. Hoare & Co
37 Fleet Street
London
EC4Y IBT
Independent Examiner:
Knox Cropper LLP
65 Leadenhall Street
London
EC3A 2AD
Inspecting Architect:
Mr Simon Ablett
Ablett Architects Ltd
Kingfisher House
21-23 Elmfield Road
Bromley
Kent
BRI ILT

Page 6
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
THE GUILD CHURCH COUNCIL OF ST DUNSTAN-IN-THE-WEST
I report to the charity trustees on my examination of the accounts of The Guild Church Council of St Dunstan-
in-the-west for the year ended 31st December 2024. This report is made to the Trustees, as a body, in
accordance with the terms of my engagement. My work has been undertaken so that I might carry out an
Independent Examination of the financial statements in accordance with the General Directions given by the
Charity Commissioners. To the fullest extent permitted by law, I do not accept or assume responsibility to
anyone other than the Charity and the Charity's Trustees as a body for my work or for this report.
Responsibilities and basls on report
As the charity trustees you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 20111'the Act'l-
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act
and in carrying out my examination I have followed all the applicable Directions given by the Charity
Commission under section 14515llbl of the Act.
Independent examinerfs statement
I have completed my examination. I confirm that no material matters have come to my attention in connection
with the examination giving.me cause to believe that in any material respect..
accounting records were not kept in respert of the Charity as required by section 130 of the Act,. or
2. the accounts do not accord with those records,. or
3. the accounts do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulation$ 2008 other than any requirement
that the accounts give a 'true and fair view, which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
65 Leadenhall Street
London EC3A 2AD
Greg Stevenson, F.C.A.
Knox Cropper LLP
Chartered Accountants
Date-

Page 7
Tr-
o*
cri cri
Lno
co
o)

Page 8
THE GUILD CHURCH COUNCIL OF ST DUNSTAN-IN-THE-WEST
BALANCE SHEET
AS AT31ST DECEMBER 2024
2024
2023
Notes
FIXED ASSETS
Tangible Fixed Assets
Investments
9,000
12,000
CURRENT ASSETS
9,000
12,000
Debtors and Prepayments
Cash at Bank and in Hand
8,153
226,847
9,396
277,578
235,000
286,974
CREDITORS:
Arnounts falllng due within one year
140,5481
164,2861
NET CURRENT ASSETS
194,452
222,688
NET ASSETS
£203,452
£234,688
UNRESTRICTED FUNDS
189,888
221,124
RESTRICTED FUNDS
io
13.564
13,564
TOTAL FUNDS
£203,452
£234,688
Approved by the Guild Church Council on
21 ￿ JA* 2025 and signed on their behalf.

Page 9
THE GUILD CHURCH COUNCIL OF ST DUNSTAN-IN-THE-WEST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
ACCOUNTING POLICIES
al Status of the GCC
St Dunstan in-the-west is an unregistered charity.
A Description of the nature of the PCC'S activitles is disclosed in the Report of the Trustees. The
PCC'S registered office is stated on page 5.
The presentation currency of the financial statements is the Pound Sterling (£1.
bl Basis of Preparation and Assessment of golng concern
The accounts have been prepared under the historical cost convention with items recognised at
cost or transaction value unless otherwise stated in the relevant notes to these accounts. They
have been prepared in accordance with the Statement of Recommended Practice Accounting and
Reporting by Charities preparing their accounts in accordance with the Financial Reporting
Standards applicable in the UK and Republic of Ireland IFRS 1021 effective 2019 and the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the
Charities Act 2011. The Charity constitutes a public benefit entity as defined by FRS 102.
The accounts have been prepared to give a 'true and fair, view and have departed from the
Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true
and fair view,. This departure involved following Accounting and Reporting by Charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS1021 issued on 16 July 2014 rather than the Accounting and Reporting by
Charities Statement of Recommended Practice effective from l April 2005 which has since been
withdrawn.
cl Funds
General funds represent the funds of the GCC that are not subject to any restrictions regarding
their use and are available for application to the general purposes of the GCC. Fund5 designated
for a particular purpose by the GCC are unrestricted. Restricted Funds are funds which are used
in accordance with specific restrictions imposed by donors or which have been raised by the
Charity for a particular purpose. For details of the restricted funds see note 10 in these financial
statements.
d) Income
All income is recognised once the charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Donotions, Legt7cie5 and Collertions
Collections are recognised when banked by or on behalf of the PCC. Planned giving receivable
under Gift Aid is recognised only when received. Income tax recoverable on covenants or Gift Aid
donations is recognised in the accounts when the gift is received. Grants and legacies are
accounted for when the GCC is notified of its legal entitlement and the amount due 15 probable.

Page 10
THE GUILD CHURCH COUNCIL OF ST DUNSTAN-IN-THE-WEST
NOTES TO T.HE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
Icontinuedl
ACCOUNTING POUCIES Icontinuedl
Investment Income represents distributions from M&G and CCLA and Bank Interest which is
accounted for when received.
e) Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that settlement will be required and the
amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals
basis. All expenses including support Costs and governance costs are allocated or apportioned to
the appllcable expenditure headlngs.
fl Fixed Assets
Consecrated lund and buildings ond moveable church furnishings
Consecrated and beneficed property is excluded from the financial statements by 5ectlon 10121 to
141 of the Charities Att 2011.
No value is placed on moveable church furnishings held by the churchwardens on special trust for
the GCC and which require a faculty for disposal, as the GCC considers this to be an inalienable
property. All expenditure incijrred during the year on consecrated land and beneficed buildings,
whether maintenance or improvement, is charged to the accounts during the year.
Other Fixed Assets are held at historic cost less depreciation. Depreciation is calculated on a
straight line basis and written off over the life of the asset according to the class of the asset as
follows..
Piano
20% on c05t.
g) Investments
Listed Investments are a form of basic financial investment and are initially recognised at their
transaction value and Subsequently measured at fair value as at the balance Sheet date using the
closing quoted market price. The statement of financial activities includes the net gains and losses
arising on revaluations and disposals throughout the year.
Realised gains and losses on listed investments are calculated as the difference between sales
proceeds and their opening carrying value or their purchase value if acquired subsequent to the
first day of the financial year. Unrealised gains and losses are calculated 35 the d￿fference between
the fair value at the year end and their carrying value.
h) Current Assets and Liabilities
All known current assets are brought into the accounts at the amounts which they are expected
to reallse. All known liabilities are brought into the accounts at their expected cost.

Page 11
THE GUILD CHURCH COUNCIL OF ST DUNSTAN-IN-THE-WEST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
Icontinued}
DONATIONS, GRANTS, LEGACIES AND COLLECTIONS
2024
Unrestrlcted Restricted
Funds
Funds
2023
Unrè5trstted Restrirted
Funds
Funds
Total
Total
Legacies
Grants
Stewardship
Giving, Special Donations,
Plate Collections, 8oxes &
Votive5
Burial Ground Grant
Income Tax Recovered
C6Pltal Project Grants
Concert Donations
1,198
1,198
41,400
960
8,780
240
8,780
240
41,400
960
12,041
2,500
21,702
12,041
2,500
21,702
42.000
2,732
41,418
41,418
42,000
5,054
196
5,054
196
2,732
£47,995
£42,000
£89,995
£89.028
£1,198
£90,226
INCOME FROM CHARITA8LE ACTIVITIES
Llcence Fees
Rental
Hire of Rooms
69,599
13,333.
7,678
69,599
13.333
7,678
44,706
44,706
4,769
4,769
£90,610
£90,610
£49,475
£49,475
INVESTMENT INCOME
Investrnents
Interest
126
126
1,737
816
816
1,734
£816
£816
£1,734
£129
£1,863
CHARITABLE ACTIVITIES
Charitable Giving
Activities directSy relating to
Work of the Church (Note Sal
48.000
48,000
41,759
450
42,209
Expenditure Related to the
Church (Note 5bl
Adrnlnistrative Cost (Note 5cl
88,797
33,860
42,000
130.797
33,860
77,583
32,708
77,583
32,708
£170,657
£42.000
£212,657
£152,050
£450
£152,500

Page 12
THE GUILD CHURCH COUNCIL OF ST DUNSTAN-IN-THE-WEST
NOTES TO THE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
Icontinuedl
CHARITABLE A￿$VITIEs Icontinuedl
lal ACTIVITIE5 DIRECTLY RELATED TO THE WORK OF THE CHURCH
2024
Unrestrlcted Restricted
Funds
Funds
2023
Unrestricted Restrlcted
Funds
Funds
Total
Total
Common Fund
Clergy Expenses
Parish Clerk Expenses
Events, Entertaining & Catering
Services Expenses
Depreciation
33,368
2,020
33,368
2,020
31,500
699
500
2,125
3,936
2,999
31.5QXJ
699
500
2,125
4,386
2,999
5,322
4,290 .
3,000
5,322
4,290
3,000
450
£48,000
£48,000
£41.759
£450
£42,209
Ibl EXPENDITURE RELATED TO THE CHURCH
House Expenses
Church Running Expenses
Church Capital Projects
Repairs and Maintenance
3.978
18,834
58,495
7,490
3,978
18,834
100,495
7,490
8,104
18,651
43,504
7,324
8,104
18,651
43,504
7,324
42,000
f88,797
£42,000
£130,797
£77,583
£77,583
Icl ADMINISTRATIVE EXPENSES
Administrator5 and Expenses
Independent Examination Fees
Bank & Financial Charges
Trustees Expenses
Office Costs
Consultancy Fees
26,932
2,592
2,179
26,932
2,592
2,179
25.185
2,520
2,696
25,185
2,520
2,696
1.979
178
1,979
178
1,547
760
1,547
76CI
£33,860
£33,860
£32.708
£32,708
Independent Examination Fees for the current year amounted to £2,59212023.. £2,520)
TRUSTEES. REMUNERATION
AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31st December 2024 nor for
the year ended 31st December 2023.
Trustees, Expenses
Trustees, reimbursed expenses for the year ended 31st December 2024 amounted to £Nil12023.. £Nill-
The Church has no payroll with the two Administrators12022.. 21 invoicing the church directly for their
time and expenses.

Page 13
THE GUILD CHURCH COUNCIL OF ST DUNSTAN-IN-THE-WEST
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
Icontinuedl
TANGIBLE FIXED ASS
AT COST
PIANO
8rought Forward
Addition
14,999
Carried Forward
14,999
ACCUMULATED DEPRECIATION
Brought Forward
Charge for the Year
2,999
3,000
Carried Forward
5,999
NET BOOK VALUE
Brought Forward
£13,000
Carried FonNard
£9,000
2024
2023
DEBTORS AND PREPAYMENTS
Other Debtors
Prepayments
6,197
1,956
7,807
1,589
£8,153
£9,396
CREDITORS
Accruals
other Creditors
2,592
37,956
2,520
61,766
£40,548
£64,286

Page 14
THE GUILD CHURCH COUNCIL OF ST DUNSTAN-IN-THE-WEST
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
Icontinuedl
Northcliffe
Memorlal
Fund
Muslc
and
Organ
10. RESTRICTÉD FUNDS
Refurbishment
Projects
Total
Balance at 111123
Income
Expenditure
GainslLosses
Transfer to Unrestricted Fund5
4,538
129
12,816
1,198
14501
17,354
1,327
14501
1201
14,6471
1201
14,6471
Balance at 31112123
13,564
13,564
Income
Expenditure
GainslLosses
Transfer to Unrestricted Funds
42,000
142,0001
42,000
142,0001
Balance at 31/12124
£13,564
£13,564
NORTHCLIFFE MEMORIAL FUND
The Northcliffe Memorial Fund is a fund which was set up to maintain the monument to Lord Northcliffe
in the Churchyard. With Charlty Commission's approval this has now been transferred to Unrestricted
Funds.
MUSIC AND ORGAN
The Music and Organ Fund is a fund maintained for the maintenance of the Organ and Grand Piano.
REFURBISHMENT PROJECTS
This is a fund which has raised grants from City Churches Grants Committee1£37,0001 for the replacement
of the boiler and from the Friend5 of City Churches1£5,0001 for the replacement of the Tower ladder.
These grants were fully expended in 2024.

Page 15
THE GUILD CHURCH COUNCIL OF ST DUNSTAN-IN-THE-WEST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
(continued)
12. NET ASSETS BY FUND
Unre5trirted
Funds
Restricted
Funds
Total
2024
Fixed Assets
Current Assets
Creditors
9,000
192,936
112,0481
9,000
235,000
140,5481
42,064
128,5001
£189,888
£13,564
£203,452
2023
Fixed Assets
Investments
Current Assets
Creditor5
12,000
12,000
244,910
135,7861
42,064
128,5001
286,974
164,2861
£221,124
£13,564
£234,688
13. RELATED PARTIES
The Guild Church Council of St Dunstan in the West had no related party transactions in the current and
preceding years, other than donations from some Church Officers and GCC Members.
14. CAPITALCOMMITMENTS
At 31st December 2024, the GCC had no financial commitments. In 2023 the GCC had financial
commitments relating to the ongoing capital projert amounting to £25,914.