The Pauline Meetings
FINANCIAL STATEMENTS
for the yw endcd
31 January 2022
Ch8rity Registration No. 1065444

The Pauline Meetings
Rep)rt ofthe Trustees
For the year ended 31 January 2022
Th¢ Paulirtemectingswasforn￿IY &sthblish￿ byaDeclaration 0fTn￿m￿e¢jn4Mar¢h 1g97•drt£irtseredwith
the Charity Q)mmission on 3 November 1997 with thc tE8iStt*l￿ nurnbu 1065444.
Objeets
Th¢ ptimary objt£tof the Tnjst IJ advanc4 thc awiAian faith among youog p￿￿¢ p¢rally and. &8 long
twible. the pupils and forn)er puptls of St Paul's selK￿l, B8rn¢s in p1rt￿uw.
History
Th¢ Paulin¢ M¢din8s W￿orIgInallY s¢1 up in 19tX). with th¢wneobiedivesasthose rk)w fom)ally established in
the Declorntiot) of Tn￿ Over the last one hundml aThJ nine*en ye8ts rnany t￿u51ndS of Ix)y4 mainly but not
exclussvely connected with Sl Paul's SchcM)l.havedisCoveYt4orhav¢￿0Wn ]￿th£chIl￿1•￿f4IththrOUghthtW)
of th¢ M¢¢¢in8s and 4 $Ubthti￿ numbcr have gonc on b) cntr¥ thc Christian minis￿.
MtttlD8 tbe Objettlves
Asthe impact ofcovid, #ndrestri¢tioMirnr*)xdby GovernmenLea5ed lnthefir3thaif0f￿2l thecharitywasable
to recommence its norn)al Activities. No house pBty w&% held at E&sttt. but thtte a suetwfvl otte Ln the
summer. Otherevertts and Sund&y merfin8s have ty)niinue4I ￿belI s(xndirncs in ncw fixma
Thecharity ha8COtLlÉnued itsdiscussionswith StP8uI'sScknl ISPS) overth¢fela¢ionshipt%hw th¢t%wentiti¢s.
The s¢hTh)l ij ke¢n to¢nsur¢ thal sinc¢ th¢narn¢ofth¢ Pauline M¢¢ljnymakuoura&yKi￿10n with SPS clcar,wc
apply th¢ wje high levclofatt¢ntion to ￿¢Suarding*sSPs d0¢5 in IL80￿ orrtrntion. OurpolicÉesand th¢ way in
which wcapply thern have 5aiisfid thc sch(x)l aT￿ ￿ have rTth8fewchan8e5 lo provide ￿dItional comfurt. WF.
will continue to wrjrk ¢105¢1y with the Q￿p]41n and the mana8em¢nt SPS.
Trnst
Th¢ trust¢¢s during the y¢or w¢r¢:
John How8nl
{Chair)
Riehard Holm
Peter MotheTsiII
Oliv¢r Paish
Rcvd Robert Stanier
New trustees are appointed from Sup￿r￿ of the dJ8Tity by aTeyolution of the a(istin8 1Th￿t¢s.
ProfeMlo••l •dvts¢rs
Thc charity'% bankcTS Bre IISIIC Bank. 117 Great Portland StrttL WIW 8QJ. bund$ are als(> held c
d¢posÉt ￿ COII Charfftiie$ Dcw)sÉt Accouni Scnaknr Ho￿. 85 Qucuj Victoria Stre¢L LoTwJon EC4V 4ET.
Theth￿ltY.S Inv￿CnI fun&Tarc dividCdbc￿ec￿thC F4UitiC5 IDvulmurtFund forChartlics('CILATifund'),Mthirh
t$manA&ed by M&G lrtvcstmct￿, and th¢ charishthr¢Tob8C￿ RestriG*AI Cornn￿￿ InvesthKnt I'.und I'chaTi9h￿E')
whith is managed by ML Bl&k InVestm￿t Man4e
The I￿de￿dcnt examinerof the charity's acc4Junts is Giks Tibbitts ACA.
Insuran￿e0v￿ isarr8n8ed by Ec<ksi&8tical IT￿￿ranc¢GI￿1orB¢wfwtH(*jS￿Bn￿￿CkR￿ QlouLw*rGLI
ijz.
AdmknlstrAtlve *ddreJs
The adminis¢rdlion of the ¢harity is L*Titsl out by Richard Hoinwi at il Avenu4 I￿￿ty, I￿&$n SW15
6DY.
Page I

The Pauline Meetings
Report of the Ttijstees
For the year ended 31 January 2022
FI￿a￿ti#l Iitssition
In the yearth 31 J8nu4ry 2022the charity's •no￿t￿l0 W683 (2021: £5245), indudiD8£5.798 {2021:
£Nil) into rwtrtcted fi]nd
Expensesamounte4Jtt)£57,8￿(2o21. £IX8l I￿1￿lIng£S,798{2Q20. £NI1}fi￿MrU4rIl￿￿ fillhl%andth¢reMwa
surplus fortheyearof£lU.787 (21r21: surplusQ736}i%fore unre4lised iDveslrnet)tg8irt80f£lO24012021..10
of £10,938). Net outgoing reg)urccs from thc rcstrict&l fuDds gmouoted lo £WIl (2021.. £Nil).
Net ai 31 JallU￿ 2022 thMM]nteAI ty £131.￿] (2021: £1111874X of ￿1¢h £Nil (2021: £Nil) was in the
restricted funds.
The tharity's iijvesim¢nts in vthe by 12.0% thtring the ye4r (2021: k)&4 I lJ%) as a result of general
stock market conditions. The I￿￿tee5 ar¢ knig tm invertors artd th) rtot rcly on 5Fttific kv¢ls of either capital
Appreci*ion or lrtvestmcnt inLx>me in order ￿ ￿hleve ¢)bjective5. Both of the two st¢tio1ist ¢harity funds in
which the Mcetings, Teservesare inve*d rt¢overedwell [￿rn thedownium tn 2020, as well aS¢ontinuingto￿Y
5t¢ady income. Since £l2,621111.7%ofthech8rity's *ssets)w88 held in ¢48h ￿31 Janwy 2022(2021:28%)there
Should be no nttd to reajisc atty lttve5trn¢nts in th¢ short *rni.
All th¢ W￿rk of the ¢h&rÉty is L*nied on ￿ unpjid i*sis but the &) nL* LY)nsithr th91 it is POS5ible lo
establith 4 financial value fc*th¢ s¢rvi¢¢s fly the account
Leyry
DuTin8thcyearthetrustLfS wer¢*lvi8ed thwcrtofthevolun*erleth wlK*play¢d a pivo￿ role in thc charity's
tiviii¢5 for mcff than sixty years B88iI MO￿ hwl Icft his ho￿ in the Pauline Meetin8& subj¢rt to
certhin ¢ondition5 being me( in hi¥ Will. Th¢ prob*¢ valu¢ of the prry>crty was £2.3m. In Jun¢ 2021 Mr Moss's
¢xe¢utor8 traosferrtd the benefit of the rentsj inL¥￿e from th¢ and alw resp)nsibilily for ¢he L¥Jsts
&wei￿ed with IL to the ¢h8rity And the allached ￿)￿1￿ reflect that move.
However the execulorsonly obthined probAte ￿ Febnwy 2021 y) lew ownershipofth¢ house had nottransferred
tothe tharity by th¢ cndof its fin￿1￿1 yew. Her￿¢ the 1$ nDi SI￿￿￿n ¢)n the tharity'$ balance sheetat 31
janu￿ 2022.
In orderto facilitate the compl¢tion of th¢eAlmiftistratKsnoftheestyt¢, oThJ thereforethe receiptby the executorsof
the grant of probate and the transfer of the PrO￿rty to th¢ dwity, the tru￿¢¢$ 88reed to makc a short terni l¢)wt to
the estsle. The executors ¢4)nfimitJJ that they will be able to repay the I(￿ iti full.
Res¢ryeJ Polky
The iru5t¥eswill utili7zthech8rity's rewve485v¢esggry In orderto me<titsobje¢iivts#nd maintaÉn ttsartiviti¢8.
Jf re*rves fall b¢lowth¢toW ¥mou#tofthc dcficii forthe prevtouSthTE£yt￿Sthe trusie¢swill make #n appea]
for funds ￿ the SUP￿rte￿ of the P￿dID¢ Meetin8&
litsk
The trus*¢s considcr thc main qreu of risk to be..
-th¢ Gharity hasestsblished achÈld prOteCt￿n tKplicy t4*4 by theChurchofEn8land
and all tho¥¢ involv¢d in the lthlership of ￿1VitieS htvt becn lo the senior staff for￿ le￿ ten years. The
charity's aclivitiesw¢ plgnnal In￿njunCtIon￿ith thesafeguarding team 81 StPaul'sSchwl. Barn&sto ¢n%ur¢ that
our policies and Praclice meet the sclMM)I's eX￿ltn8 St¥thY
il-the tn]stee5 ensurethat adequate ijtsumct i5 in p]*elo LY)v¢r¢knimsthatrni8htbE m•le in reL￿10n to
accidents or other gdvcrse incidents at ev¢nts by the Pautine Meetin8S.
ula
ELional- the ¢hatity estsblishcd and cffeciive p￿￿edureS fir the plgnning snd opwa15on or its
activitics. Ther¢ is a xparal￿n ofresFA)nsibility befften the who [￿￿5 on strate8y and issues such as
S8fe¥uarding 4nd insw4nc4 gnd the F￿￿Ul1￿ the &￿i¥ll1e8.
ApprO￿dbY iht Tnui
don khollby
(John Howard- Ch8irn18n)
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INDEPENDENT EXAMINER?S REPORT TO THE COUNCIL OF
THE PAULINE MEETINGS
I report on the a¢¢ouDts of the cbarity for the year ¢nd¢d 31 January 2022. which arc set out on pages 4 10 6.
Re8peetive regponsiknilitiu of tr￿￿tea #Md exgminer
As the charity's trustees you are reS￿nsIble for the pryTHtioD of the accounts. you Consider that the audit
requtrcmenl of scction 43(2) of the Charities Acl1993 (the Act) do&5 not apply. It ismyresponsibility to state,
on the basis of procedures spe¢ified in the General Directions given by the ChaTity Commissionets undtt
8e¢iioD 43 (7)(b) of the ACL wh¢th¢rparti¢ular manets have come to my att¢ntion.
Basis of independent ex•miner's report
My examination was carried oul in accordance with the Genernl Di[￿tiOnS given by the Ch￿lty
Commissioners. AD exatnination includes a review of the a¢¢ounting records kept by th¢ charity and a
comparison of the accounts presented with those re￿rds. It also includes considerauon of any unusual items
ordisclosures in the accounts, alld seekttig expl¥n4tions from you astrustees conceminganysuch mattaE. The
procedures und¢rtaken do not provide all the evidence that would b¢ required in an audiL and ¢onsequ￿tlY I
do not express an audii opinion on the view given by the accounts.
Independent exJmln¢r'3 Sta¢¢m¢n¢
In connection with my examinatson. no matter bas come ¢0 my aljcntion:
(i)
which givts me reasonable ￿uSe to Ixlieve that in any material reSp￿t the requirements
to keep accounting records ID a￿ordance with section 41 of the Act; and
to prepare accounts wbich accord with th¢ a￿Unting re￿[d3 and to K*mply with th¢
a¢¢ountitig requircmcnts of the Act
have Dot been or
(2)
to which, in my opinioo 8t*ntion should be drawn in order to enable a proper understandin8 of the
a¢¢ounts to b¢ reached.
Giles Tibbitts ACA
Chartered Accountant
Date:
gn(w22
Page 3

The Pauline Meetings
STATEMENT OF FINANCIAL ACTIVtTY
for the year ended 31 January 2022
2022
2021
Tothi
INCOMING ￿oURCEs
h4ri¢able Activities
Donations
Inv¢stm¢n¢ It￿rne
Rental income
35.458
1.483
3.704
35.458
7281
3.704
315
1.484
315
1,484
3.446
5.798
RESOURC£SE¥PENDED
Chdritoble Activities
MaTkctin8 and Promotion
Administration
Property expen8e8
33.<A)3
41.701
1.480
183
1,480
183
846
694
15
01
09
Nl*.-I'INCOMING/(EYPENDED)
R£SOURCES
10.787
10.787
2.736
2,736
Unrealised Gains l (Lo&w) on
Investments
10240
10.240
110,938)
(10.938)
NET AIOYEMENTINFUNDS
21.027
21.027
(82if2)
(8,2021
Balance at l Febnkary
110.874
110,874
119.076
119.076
Balance at 31 Jonuory
131.wl
110.874
110,874
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The Pauline Meetings
BALANCE SHEET
At 31 January 2022
Not&
2022
2021
Inveslments..
Quoted Inv￿tro¢llts (a¢mark¢t value)
85,396
Cwrentknels..
Cash ￿ Bank:
Qn deposit
Curr¢ni acrount
1218
11.403
14.717
16.203
1.429
Cyrreth Liobililies."
c￿ditOrs. a¢cnJed ¢XF¢nses ond deferMI
in¢om¢
Net Current A&*ts
36265
25.478
NEf ASSETS
131.9)1
110,874
Repre5cntin8'.
Unrestricted Fund
Restric¢ed Fund
131,gYII
110.874
l31.9)1
110,874
Approved by and si8ned ￿ lthlfofthe Tnthes OD IM Octob¢r 2W2
Riclwd Hoirn8
Page J

The Pauline Meetings
NOTES TO THE ACCOUNTS
For the year ended 31 January 2022
ACco￿[NG FX)LICIES
Acco#rtiin8convenlio
The financi￿ #at¢ments have wqmrrd uDd¢T the hi&Or1￿ COA u)nvenlI￿ and have be￿ drnwn iti
cfjrdartce with the statem￿ of Refj)Mended Prth for xcwtiDg by ¢lJatiti&8.
In¢ome
Income i$ r¢¢OgniZ￿ on the carlier of the date of IL￿lpI(f on whieh the prwisc amount IJ known. provided
thc charity is c¢rtain to rrf¢iv¢ the incorne in question.
EXPe￿dit￿re 1$ re¢wi3*d the *uuals I￿18.
CHARITABLE AcnvmFS
These mainly cunprtse the P*¢i¢s and oth¢rak#ivities refuml to In the r9￿ of the trustees.
QU01ED tNVESTMENrs
2022
2021
At l Febnwy 2020 4tyJ 31 Janu*y 2021
&),(th 60,￿0
Market value..
At l Febrnary 2021
Untt￿1zed gain I IloJ3) lon r¢valuation
85.396
96.334
10.240 {10.9381
At 31 January 2022
93.636
85,396
DEBTORS AND PREPAYMENTS
2022
21ni
Propty incorne end expernes
T&x reu)veries
Fees for &tivities
Pr￿aid expens¢y
Oth¢r d¢bffY
6.691
734
749
7.28S
15,666
521
414
494
31,123
,429
The'other debtor, is a paytneth by the chgrity beh8Jf of the
execuiors of B&sil Mo&8 {see the Twst¢¢s' R¢iwll. The exe¢u(ors hav¢
confinncd that the cstatr will bc in Frf)5iti¢)n ￿ refijnd the ¢hariiy or
they have completed the rtali7Ation of sul>#AAtid illiquid W¢Lg.
CRED￿oRs
2022
2021
Credttors and ￿cru￿ expense
rkf¢rr¢d in¢om¢
3.722
3.759
3,573
3,300
7.481
6,873
RF.STRicfF.D FUNDS
These are donatioL8 received by the tsity forwmeDtto otherclwiti
Page 6