WEST STREET CHARITY
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
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.
What the accounts disclose
“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
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- The West Street Trustee Limited
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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.