The Pauline Meetings FINANCIAL STATEMENTS for the year 31 J•nuwy 2013 arity Registrati No. 1065444
The Pauline Meetings Report of the TTuslees For the year ended 31 January 2023 ThePoulineMeetiti8sw&s fomjally cs¢abli5hcdby 8Dec18raion ofTrustAJthim4Mw¢b IW7)dregIeTh1WIth th¢ Charity Commission on 3 November 1997 with th¢ numbcr ILW)5444. Objeets Thc primary objc¢t ofthe Tnllt is the Chri#ian hith amongyww p¢q)1¢ 8thernlty and. as IoD8 a% po&8ibl4 the pupils and romp4)i]S0f St P8ts1's S¢lM)oL Brn in plrticulae. The Pauline Mling$waS0tl8inaIty set up in I.1th sameckni¢tsveJ&8tJM>S¢ wwfornatly e5tabli5hed in the Declaration of TnJsL Over the I ooe and ninaeth ye8]s mony thousdS of boy4 tnaiThly but noi exclusively cottnectedwith StPaul's sch], havedigx)verftyhavewwi ]NtheClaaft[#lththroutht+ts of the Mcetin8s and a sjbstantial nurnber have 8one on trj eAt¢rthe Chriai8n ministy. Mettlng the ObJ•cdvt4 In 2022-23 th¢¢h8rity h&sbe¢tt ablety mert to PToviding its full prcthfid r8ngcof activitscs. Housc partiesw¢re htld at ter and in the Summer. with total 8ttend8nce of 120. Sm8ll¢revents- 8 sympy)sium, &conference and a )at trip- have been held forspecific 8upS. Re8ular Sutthy w(Kship meetingshave Continu.All acuvitieshave been organized by a dedicated teomof volwitemondthetn¢swishks pknttonrtLb)rd their8ppre¢iationoftheir work artd th¢ir ¢ommilrnenl. We ntinue to work clos¢ty with the CIMplaifj ar•1 the le&lershlp teAm ol Si Paul'5 &h¢M)I ISPS) ov¢r the relationship betwecn the Iwo entitie&'The s¢]1 is ke to erLfflLre sine¢ the nam¢ of th¢ Paulin¢ M¢¢tin&s makes our awciation with SVS clcar. we 4)ply the sne hi8h level of aticntion to sgf¢gu¥rding SPS d0¢5 in its OFtration. Our p)licies and the way in ithich we apply them have fvlly reviewèj &É)d approved by the school. Trnst Th¢ ¢NstcEs durin8 tht year were.. John Elowa (Chair) RlchaTd Holman Peter Mothersill Oliver Paish R¢vd Rob¢rt Stsni¢T New tritstees art appoin¢¢d from gupfft of i re)lutkffi of the exl#lnB tr. The charity's bankcTS arc IISBC Bank. 117 (ire4t Portland Strrt IAyndon WIW 8QJ. l.und5 are s0 held on dw8i¢ 0¢ COIF Chorili¢$ D¢FKJsil A¢wwil sen8r Hous4 85 (Sw] Vidoria Str¢¢L London L(AV 4ET. Thecharity'8 investment fund8 ore divided beA%fyten the F4uitits Inwestsntttt fi)r(kniu('l)8rifvLyI'),whS¢b is managcd by M&G InvcsthKTr andthtThari5hartTobacLv RUtrI¢t¢dCrnm0nlnVt4tMCI1tFUr¥j('Ch1shaTe,I which is mgnaBcd by ML Blxk Rwk InveJlm¢Dt MaTW8 The indep1 examinerof th¢ clwity's is Gilesfbbitts ACA. Insur8Me eovttxsarrargedby Fx¢ksi&8tiC41 InrC0ofBeAUrortHcBruI Ro£GIou¢&8terGLI ijz. Adthkntstrtlve #ddytsj The administrg¢lon of the eharfty L8 cathed by Riclwd Holman I l G01 AveDU¢ Putrw. I SWIS 6DY.
The Pauline Meetings ReFKIrt of the Trust For the year ended 31 January 2023 Flnanelal posttkn In theyearto 31 January 2013 th¢dwity's1nMne&rnthmtedtof97.1s0(Z22. £68ffj83). iNlUdi£s,S33 (2022: £5.7981 iDlo r¢strithd fun¢l%. Exp¢n$ gmOted lo £83.94512022: £57.896A Includ )33 (2022: £5.798) fr(th Y¢Stri¢ttAA fimd4 aT¥J there w&s a swplus for the yerof £13204 (2022: sw11 £10.7871 before ww¢81ised investment Ios5e8 of £631 {2022: ytns of £10240). N¢t oui8oinB tt50urE from the restrbcted fijnds amounted to £Nil (2022.. £Nil). Net assets at 31 Jattuw 2023 ottKwnted to £144.473 (2ll: £13).1 of whkh £NII {2022'. £Nil) wa5 in the restrictsj funds. ThechaTity,JinvestmentsdroNl in valueby 0.7%rtheY¢r(2o22.. rweby 110%) in linewith8awaJ o¢k market mov¢ments. The tnle¢S aff lo1-mI inv¢sts)rs and do not rely on wific level$ of ¢ithtt ¢]] apprecia¢ion or Inv¢$thwoi tncomc In xhltve theirobjeulve& Both of th¢ No spe¢lalist ¢har51y funds in which the m]n, rcscrvu arc invctsj slx>wed thetrdcfeAsive qualities dUri$diffits forcquity-i funds. &8 well as ¢mtinu1tig p&y acady income. si¢ £36.179 (25.O%ofthr ¢h4rity'Ja5%ts) WUJ hcjd in c at 31 Jgnu4ry 2023121r22..1 l.Yh) there thuld be no need rdise any inve51rn¢nts in th¢ short lerni. All the Work of th¢ ch8rity ij ¢grried (ort M an bAJi8 bth the tnthe$ T1 comider th it is FKJJsibk to ¢stsblish a finan¢i81 valu¢ for the seryi¢es for Inclusi in Ihe xe4MllL Durin8th¢previ0usy¢arth¢mL8teese Odvisedth0nCorthE volunt&TleadeThwthoplayra apivotsl Yole inthe charity'5 activitie5 f(f more th8ft Sixty Ye9 B&8il MO had l¢fi hi$ Born¢s to the Pwjline Meetings subjectto certain coftdilions bein8 mei in his IWLII. Trprottr value of the prtwty was £2.Sm. In June 2021 Mr Mo&8'3 exKutorstronsfeTredthe b¢fil0rMtsi in(tthe frthnthe IwJuJc, ruFW3ibility forallthe ci)8 with li th¢ chority 4nd the afh¢ ?)Un reflectthat move. The execuwr5 Obtain probAtr in Feb 21)22, but to issuts rel8titi8 to 1)ther8¢ts th¢y h•ve notyet be¢n Able to tranyf¢r1¢88lowm¢rship ofth¢ksu5¢tothe¢lwity bytheendof its firmcial year. Hcnccthc ppertY is rmrt Shown on the ¢htirity'Y #heet at 31 Jknuary 2023. orderto facilitatr the COMp10n0r the •htninOf the ¢stst4•KI thvtfore th¢ ¥1Mby theexecutorsof the 8rnntof probate gnd thetrynsferof the to the ch8rity. thetnLrfees 88real tri make a 4M)rt.lerni104h to the The ¢x¢¢utsM have LMfifftYJ be lbk to w the klan in full. The tsusteeswill utilizethechrrity'sreserves&8ntt¢sw inordtrlomeetitsobiealvegmd maintsin itstIvIe& Ifr¢serv¢s fail belowth¢totsl amountofthe ne¢ d¢fi¢il forp1¢yrteOr th¢ Pwlline M#thn8S. SAfrguuth-the charity ha9tablIshed achild prot¢ction t4s>lon¢riteri&u%dby theChurchofEnglend And ail tknse involvd in the leaderthip of xtivities hsve been to the senior #aff for8t1orf ten ye8rs. The ¢h#rity'$ adivitits we planned in conjunctionwith thesafe8uardin8twn atStPl,9sdy1. Barneskn)tnsur¢th•t our Tx>licie8 qThl proctice tne¢t the xhwl's ting Standwd itwicid-the kntsesensur¢that eqUI insyrw is tn plxew ¢¥)v¢r¢tth th#mlgh¢ be mode In fflatlon to a¢ciilents or other adverse incidcrts cvrnts by the Paul1r Mcclin85. the ¢h8xity has estsblIs strong and effeuive prrgJwu for the p])ning and OWAtion of its actLVitÉcs. Thcre is a sepgration of rwsibility beN¥een the trus*es who (ffl and issues such as safeguarding and aTMI the Exe¢utiv< which m8na8¢s the adivilies. Apprmydty ih¢ Trwumjdsisnedrn thtirbelty (John Howard. Thainn4n) Date: IJ Al0 73 Page 2
(John Howard. Chain) Date: INDEPKNDENT EXAMfNER'S REPORT TO THE COUNCIL OF TIIE PAULINE MEETINGS I rcport oll th¢ COunts of the ¢barAty for thc year end¢d 31 January 2023. which arc 8et out on pages 4 to Respective responsibi]Itlu of t51¢¢3 Dd examiner As th¢ charity'& In]stees you are resEwible for the PraratIOn of the accounts,. you eonsider that the audt't requirement of s¢¢tiOD 43(2) of the Ch8riti¢8 Act 1993 (th¢ Act) doc5 not apply. It is my responsibility to stste. on the basis of predur¢S specified in the General DitIonS given by the Charity Commission¢r8 under section 43 (7)(b) of the Act. whether partith lltte have come to my attents"o Bagls of Independent exrnlner'8 report My examinats'on was carried out in accordanee with the General Directions given by the Chality CommissioneTS. An exwnination includes 8 review of the ac¢ountiDg rccords kept by the charity and eorApari80n of thc accounts presented with those records. Jt aL%o includes CQDsideration of any unusual items or disclosuru in the aeeounts. and seeking explaDatiow from you L8 trustecs conc¢rning any such ntter5. 'Ihe proceduT¢6 W]dertaken do not provide all the evidence that would be Tequir&J in an audit. aDd ¢On8u¢ntlY I do nol exprcss an audit OPiDiOll on the view 8iv¢n by the accounts. Independent exAminer 8 ststemcnt In cotjnection with my examination. no mattu Iw c4)me tlly att¢ntion: (i) which 8ive8 me renIble ¢au8e to believe th81 in ally n*ial re8peet tb? requiremtnts to keep ac¢ountiDg reo)rds iti accwaw with Ètttion 41 of the Act: And to prepare aunts which &¢cord with th¢ oceountin8 re4x)rds and to mplY with the accountin8 requirelts of the A have not been or (2) Whic in my opinion, attention 8bould be drawn ID b) eJJable a proper undet5tHnding of the accounts to be reached. Giles Tibbitts ACA Chartered Aceountant Date.. 30, 24 Page)
The Pauline Meetings STATEMEFrr OF FINANCIAL AcTIVy for the ear ended 31 Jan 2023 2023 2022 Total JNCOAIING RESOURCES Charithble Activities Donati$ Inv¢stm¢nt tnL¥)n Rental income 51.784 1.173 4.176 51.784 35.458 1.483 3.704 35.458 7.281 3,704 5333 5.798 4.176 91 17 33 RESOURC£S PENDED Charitable Athivities Adminsstration 61.728 667 1.465 63.193 667 35.W3 5.798 41,701 78.413 NETINCOAIING/(EYP£NDED) RKSOURC8T 13204 17272 10.787 10.787 Unrealis&J Oatns l (iknsses) on Inv¢*ments (630} (6301 10240 10,240 NEThlOY£MEfvTINFUNDS 11574 1&642 21,027 21,027 Bai8nce at l FebnLQry 131.rKIi 110.874 110.874 Balance dt 31 JBnuary 144.473 148J43 131.9)1 131.901 Pag¢ 4
The Pauline Meetings BALANCE SHEET At 31 January 2023 2023 2022 Inveslments.. Quot¢d Invlm¢llts (at markd wal} CwrentAssets." Ca8h ht Bank.. On dew)sit Curreni account Debtors knd PrepJyrn¢nts 1233 34.946 1218 11.403 68,083 43.746 CreI Llabiiiilej.. CreditOT* ¢xpMsu and deferrfd Income 14 481 Net Cumi Asg¢ts 53J37 36,265 NFT Assyrs 148J43 Repre5erttin8'. Unrc5trkctcd Fund Restricd Fund 144.475 4.068 110.874 148543 110,874 Approved by ott b¢hforth¢ Tnuttts on 13th Novemb¢r 2023 hn Flowud Rith•rd Holm Page 5
The Pauline Meetings NOTES TO IHE AccouNrs For the ycar ended 31 Janu 2023 AccouTrrrING FOLICIES Aceouffjing Conve10 The fiTran¢ial stthtem¢nts h8Ye bern wepjrrd under the hIOrICal s1 Conventic Jnd have drawn up in ¢ordanL% with the St8tementof it¢o)mmcnded Prlicc forUtin8 by ¢hariti IKoJfve Irwme is rew8nized on the earii¢r of the date ofrKcipl or on whith the Fc]% am01 IJ knowTr, provided the ¢h4rity is certain receive the itwme in question. £¥ptndilwY Expenditure is rewizal M the acuali 4$. CHARITABLE AcrtVlTIES Thue mainly 1¢ the parw and othw 1vle refqr&l ltt the r¢p)rtof the trus1¢¢ 2022 Al l FebruAry 2022 and 31 2023 60.oC .000 Mork¢t value: At l February 2022 Unrdized gain l (1) lon revglu*ion 95.636 {630) 85.396 10240 At 31 J•nuory 2 95.(K 95.636 DEBTORS AND PREPAYME 2023 2022 Tu rKov¢rles Fees for activities Pr¢pDid expert9es Otherd¢bt 2J12 6.691 734 749 728S 13,666 2,631 570 26J91 31.115 The'other d¢btoe is a paym¢nt ¢ by the dwity LYL behalf of th¢ exUtorS of B&8il (see the TTusLee5' Rep)rt). Thc exttulors have ¢onfirnJed thai they expe¢t the estate to be able to refimd th¢ ¢harity thcy have Compl¢1 thc rul)zatM of subJImt Rlliquid AweL CREDrroRS 2023 2022 I lJ91 3,155 3.722 3,759 14J46 7.481 Page 6