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*)dregI￿eTh1WIth
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 rom￿p4)i]S0f St P8ts1's S¢lM)oL Brn in plrticulae.
The Pauline M￿ling$waS0tl8inaIty set up in I￿.￿1th sameckni¢tsveJ&8tJM>S¢ wwfornatly e5tabli5hed in
the Declaration of TnJsL Over the I￿ ooe and ninaeth ye8]s mony thous￿dS of boy4 tnaiThly but noi
exclusively cottnectedwith StPaul's sch￿], havedigx)verftyhavewwi ]NtheC￿l￿aaft[#lththrou￿￿tht￿+ts
of the Mcetin8s and a sjbstantial nurnber have 8one on trj eAt¢rthe Chriai8n ministy.
Mettlng the ObJ•cdvt4
In 2022-23 th¢¢h8rity h&sbe¢tt ablety mert to PToviding its full prcthfid r8ngcof activitscs. Housc partiesw¢re
htld at ￿ter and in the Summer. with total 8ttend8nce of 120. Sm8ll¢revents- 8 sympy)sium, &conference and a
)at trip- have been held forspecific 8￿upS. Re8ular Sutthy w(Kship meetingshave Continu￿.All acuvitieshave
been organized by a dedicated teomof volwitemondthetn*¢swishks pknttonrtLb)rd their8ppre¢iationoftheir
work artd th¢ir ¢ommilrnenl.
We ￿ntinue to work clos¢ty with the CIMplaifj ar•1 the le&lershlp teAm ol Si Paul'5 &h¢M)I ISPS) ov¢r the
relationship betwecn the Iwo entitie&'The s¢]￿1 is ke￿ to erLfflLre sine¢ the nam¢ of th¢ Paulin¢ M¢¢tin&s
makes our awciation with SVS clcar. we 4)ply the s*ne hi8h level of aticntion to sgf¢gu¥rding ￿ SPS d0¢5 in its
OFtration. Our p)licies and the way in ithich we apply them have fvlly reviewèj &É)d approved by the
school.
Trnst
Th¢ ¢NstcEs durin8 tht year were..
John Elowa
(Chair)
RlchaTd Holman
Peter Mothersill
Oliver Paish
R¢vd Rob¢rt Stsni¢T
New tritstees art appoin¢¢d from gupfft of i re*)lutkffi of the exl#lnB tr￿.
The charity's bankcTS arc IISBC Bank. 117 (ire4t Portland Strrt IAyndon WIW 8QJ. l.und5 are ￿s0 held on
dw8i¢ 0¢ COIF Chorili¢$ D¢FKJsil A¢wwil sen8￿r 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¢dC￿rnm0nlnVt4tMCI1tFUr¥j('Ch￿1shaTe,I
which is mgnaBcd by ML Blxk Rwk InveJlm¢Dt MaTW8
The indep￿1 examinerof th¢ clwity's is Gilesfbbitts ACA.
Insur8Me eovttxsarrargedby Fx¢ksi&8tiC41 In￿r￿C￿0￿￿ofBeAUrortHc￿Bru￿I￿ Ro*£GIou¢&8terGLI
ijz.
Adthkntstr*tlve #ddytsj
The administrg¢lon of the eharfty L8 cathed by Riclwd Holman ￿ I l G￿01 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's1n￿Mne&rnthmtedtof97.1s0(Z￿22. £68ffj83). iNlUdi￿£s,S33 (2022:
£5.7981 iDlo r¢strithd fun¢l%.
Exp¢n*$ gmO￿ted 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 ye*rof £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 (2￿ll: £13).￿1￿ of whkh £NII {2022'. £Nil) wa5 in the
restrictsj funds.
ThechaTity,JinvestmentsdroN￿l in valueby 0.7%￿￿r*theY¢*r(2o22.. rweby 110%) in linewith8awaJ *o¢k
market mov¢ments. The tn￿le¢S aff lo1￿-￿mI inv¢sts)rs and do not rely on wific level$ of ¢ithtt ¢￿]￿]
apprecia¢ion or Inv¢$thwoi tncomc In xhltve theirobjeulve& Both of th¢ No spe¢lalist ¢har51y funds in
which the m￿]n￿, rcscrvu arc invctsj slx>wed thetrdcfeAsive qualities dUri￿$diffi￿ts forcquity-i
funds. &8 well as ¢mtinu1tig￿ p&y a*cady 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$ T￿1 comider th* it is FKJJsibk to
¢stsblish a finan¢i81 valu¢ for the seryi¢es for Inclusi￿ in Ihe xe4MllL
Durin8th¢previ0usy¢arth¢mL8tees￿￿e Odvisedth￿0nCorthE 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. Trprot*tr value of the prtwty was £2.Sm. In June 2021 Mr
Mo&8'3 exKutorstronsfeTredthe b￿¢fil0[￿￿rMtsi in(tthe frthnthe IwJuJc, ruFW3ibility forallthe ci)*8
with li ￿ th¢ chority 4nd the af￿h¢￿ ?￿)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 p￿pertY is rmrt
Shown on the ¢htirity'Y #heet at 31* Jknuary 2023.
orderto facilitatr the COMp￿10n0r the •htni￿nOf 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 LMfifftY￿J be lbk to w the klan in full.
The tsusteeswill utilizethechrrity'sreserves&8ntt¢sw inordtrlomeetitsobiealvegmd maintsin its￿tIvI￿e&
Ifr¢serv¢s fail belowth¢totsl amountofthe ne¢ d¢fi¢il for￿p1¢y](￿thleeyeArntheknjste£SWj1 makean appeal
for fuTMly to th¢ ￿pIN)rte￿Or th¢ Pwlline M#thn8S.
SAfrguuth-the charity ha9￿tablIshed 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 atStP￿l,9sdy￿1. Barneskn)tnsur¢th•t
our Tx>licie8 qThl proctice tne¢t the xhwl's ￿￿ting Standwd
itwicid-the knts*esensur¢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 prr*gJwu 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 thtirbel￿￿ty
(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 t￿51¢¢3 *Dd examiner
As th¢ charity'& In]stees you are resEwible for the Pr￿aratIOn 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 pr￿edur¢S specified in the General Di￿tIonS given by the Charity Commission¢r8
under section 43 (7)(b) of the Act. whether partith ll￿tte￿ have come to my attents"o
Bagls of Independent ex*rnlner'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
n￿tter5. 'Ihe proceduT¢6 W]dertaken do not provide all the evidence that would be Tequir&J in an audit. aDd
¢On8￿u¢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 re￿nIble ¢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 a￿unts which &¢cord with th¢ oceountin8 re4x)rds and to ￿mplY with the
accountin8 requirel￿ts 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 AcTIV￿y
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 Inv￿lm¢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
C￿re￿I Llabiiiilej..
CreditOT* ¢xpMsu and deferrfd
Income
14
481
Net Cumi Asg¢ts
53J37
36,265
NFT Assyrs
148J43
Repre5erttin8'.
Unrc5trkctcd Fund
Restric￿d Fund
144.475
4.068
110.874
148543
110,874
Approved by ott b¢h￿forth¢ 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 Conve￿10
The fiTran¢ial stthtem¢nts h8Ye bern wepjrrd under the hI￿OrICal s￿1 Conventic￿ Jnd have drawn up in
¢ordanL% with the St8tementof it¢o)mmcnded Pr*licc for￿U￿tin8 by ¢hariti
IKoJfve
Irwme is rew8nized on the earii¢r of the date ofrKcipl or on whith the F￿c]% am0￿1 IJ knowTr, provided
the ¢h4rity is certain ￿ receive the itwme in question.
£¥ptndilwY
Expenditure is rewizal M the ac*uali ￿4$.
CHARITABLE AcrtVlTIES
Thue mainly ￿￿￿1￿¢ the parw and othw ￿1v￿le￿ 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¢
ex￿UtorS 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