WEST STREET CHARITY

Registered charity 1135436 · accounts filings on the Charity Commission register

Furthering in any manner of the religious educational and other charitable work of the Church of England in the Parish of St Giles in the Fields and the surrounding district.

Objects

1 THE LANDS AND BUILDINGS DESCRIBED IN THE SCHEDULE HERETO SHALL (SUBJECT TO CLAUSES 5 AND 6 HEREOF) BE USED FOR ALL OR ANY OF THE FOLLOWING PURPOSES:A AS A CHURCH OR CHAPEL-OF-EASE FOR THE CHURCH OF ST GILES-IN-THE-FIELDS FOR THE CELEBRATION OF DIVINE SERVICE IN ACCORDANCE WITH THE RITES AND CEREMONIES OF THE CHURCH OF ENGLANDB AS A CENTRE FOR THE SPIRITUAL MORAL RELIGIOUS SOCIAL AND PHYSICAL WELFARE AND RECREATION OF THE PEOPLE OF THE PARISH OF ST GILES-IN-THE-FIELDS AND THE SURROUNDING DISTRICT AND THE TRAINING OF YOUTH LEADERS TEACHERS AND OTHERS CONCERNED IN SUCH WELFARE AS AFORESAID SUCH CENTRE TO BE CONDUCTED IN ACCORDANCE WITH THE PRINCIPLES OF THE CHURCH OF ENGLAND AND FOR THE PURPOSE ONLY OF ADVANCING THE CHRISTIAN RELIGION IN THE SAID PARISH AND SURROUNDING DISTRICTC AS A MISSION OR PARISH ROOM, LECTURE, CLASS OR MEETING ROOM FOR THE ADVANCEMENT OF SUCH WELFARE AS AFORESAID OR AS A HOUSE OF RESIDENCE FOR CLERGY TEACHERS YOUTH LEADERS OR ANY OTHER PERSONS ENGAGED IN OR UPON THE RELIGIOUS EDUCATIONAL AND OTHER CHARITABLE WORK OF THE CHURCH OF ENGLAND IN THE SAID PARISH OR THE SURROUNDING DISTRICTD AS A HOUSE OR BUILDING AND PREMISES FOR CLERICAL MEETINGS, FOR CONFERENCES OF THE CLERGY, FOR MEETINGS OF PERSONS AND ORGANISATIONS ENGAGED IN THE RELIGIOUS EDUCATIONAL AND OTHER CHARITABLE WORK OF THE CHURCH OF ENGLAND IN THE SAID PARISH AND SURROUNDING DISTRICT AND FOR MEETINGS TO BE CALLED IN AID OR FOR THE BENEFIT OF OR ASSISTANCE OF ANY SUCH WORKE AS A PLACE OF MEETING FOR BIBLE, CONFIRMATION OR COMMUNICANTS' CLASSES AND FOR THE PROMOTION, SIDING AND FURTHERING IN ANY MANNER OF THE RELIGIOUS EDUCATIONAL AND OTHER CHARITABLE WORK OF THE CHURCH OF ENGLAND IN THE SAID PARISH AND SURROUNDING DISTRICT

Area of benefit: ST GILES-IN-THE-FIELDS

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Religious Activities · Grant history (this charity is a funder) · Get email alerts

Latest income
£781k
Latest spending
£621k
Registered
2010
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that total net assets increased to £12,891,380, driven by a significant revaluation gain on investment properties. The charity maintains unrestricted reserves of £12,891,380 and has sufficient cash resources to meet ongoing costs and loan obligations. The trustees confirmed that surplus income and existing resources are deemed sufficient to fulfill the charity's obligations for the foreseeable future.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Related-party transaction: Grants to St Giles-in-the-Fields PCC
“The West Street Charity issued grants to St. Giles for payment of the common fund contributions, stipends, salaries and the repair and maintenance of the Church and Churchyard of St. Giles amounting to £359,000 (2023: £220,000). At the year end, £nil (2023: £50,000) was due from St. Giles in respect of an interest free loan. In 2024 the Charity converted the loan to a grant to St. Giles.” — page 17
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Knox Cropper LLP. Discloses 3 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£781k
Total spending
£621k
Cost of raising funds
£255k
Reserves (reported)
£0
Employees
0

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Investments (100% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 32.6% of total income — above the 90th percentile for charities its size (median 4.9%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Camden

Income and spending

Financial year endIncomeSpending
31/12/2024£781k£621k
31/12/2023£531k£454k
31/12/2022£341k£459k
31/12/2021£173k£151k
31/12/2020£180k£128k

Common questions

Is WEST STREET CHARITY financially healthy?

Per its FY2024 accounts: The accounts state that total net assets increased to £12,891,380, driven by a significant revaluation gain on investment properties. The charity maintains unrestricted reserves of £12,891,380 and has sufficient cash resources to meet ongoing costs and loan obligations. The trustees confirmed that surplus income and existing resources are deemed sufficient to fulfill the charity's obligations for the foreseeable future. Its FY2024 accounts were audited by Knox Cropper LLP.