The Pauline Meetings FINANCIAL STATEMENTS for the year ended 31 January 2025 Charity Registration No. 1065444
The Pauline Meetings Report of the Tnte¢S For the year ended 31 January 2025 The Pauline M¢¢tings was fonnally established by a D¢clarntion ofTnLSt on 4 Marth1997 8ndregisteredwith the Charity Commission on 3 November 1997 with the registration numb¢r 1065444. Objects Th¢ primary objcct olth¢ Tnl is-To advanL% the Cbri*ian faith arnong yOUDg people generally an4 as long as possible. th¢ pupils and forni pupils of St Paul's School, Barnes in particulaf.. HRstory The Pauline Meetings was originally set up in I, with the same objectives as those now fornially established in the Declardtion of Trust. Over the last one hundred and nineteen years many thousands of boys, mainly but not exclusively connected with St Paul's School, have discovere¢ orhave grown the Christian faith through the wo of the Meetings and a substantial number have gone on to enter the Christian ministy. Meeting the Objectives In 2024-25 the charity again held successful house parties at EasteT and in the summer. Smaller events - symposium. a conference and a boat trip - have been arrdnged for specific groups. Sunday worship meetings and discussion groups have also ¢ontinued. All activities have been organized by a dedicated team of volunteers and the trnstees wish to place on record their appreciatiOD of their work and their commitment. We continue to WOTk tlosely with the Chaplain and the leadership team of St Paul's School (SPS). The school is keen to ensure thaL since the n8me ofthe Pauline Meetings makes ourassociation with SPS clear, we apply the same high level of attention to saf¢guardingas SPS do¢s in its own operotion. Ourpolicies and the way in which we apply them have been fully reviewed and approved by the school. SPS staff attend our house parties. Trustees The trustees during the year were: John Howard (Chair) Richard Holman Peter Mothersill Oliver Paish Revd Robert Stanier Giles Tibbitts appointed 2P August 2024 New trustees are appointed from supporters of the charity by a resolution of th¢ existing trustees. Professlon81 adv15ers The rharity's bankers are HSBC Bank. 117 Great Portland StreeL IA)ndon Wl W 8QJ. Funds are also held on deposit at COIF Charities Deposit A¢llnL Senator House, 85 Queen Victoria Str¢eL London EC4V 4ET. The charity's investment fimds are held in the Equities Investment Fund for Ctwities ('Charifiu)d'), which is managed by M&G Investments. The independent examiner of the charity's accounts is Frederick Light ACA. Insurance wv¢r is arrangedby Ecclesiastical Jnsurance GroupofBeaufort House. BrunswickRoal GloucesterGLI IJZ. AdmlnAytr#llve address Th¢ administration of thc ¢FrAty is caTried out by RichaTd Holman at I l Genoa Avenue, Puth¢y. London SW15 6DY. Page I
The Pauline Meetings Rqx)rt of the Tne¢S For the j.ear eth 31 Jamwy Ffinancfial position ID the)ar 31 ?OJ? tsdmrity's i[knnoDXmXII0 £l(VJ.463 (2024: £7&689k ittldmg£2M)IJ124: EXpe5m £69u15(4. £59.71 J. Dxhthy."$i7 (?074: £5533) andtharTr7s a sU[uS for the yearof £40,148 (2024: surplus £18.918) before unrealised investment gains of £3.790 (2024.. losses of £3J73). Net outgoitig re from the restsid fimds amou[ to £1.432 (2024: net deficit £8561. Net 31 Jaw ?% £207m6 (74. £16i.888k of £1.7KI (Jll4: £32]?) ms in Tbc ttustees sold the boldiDg in Black Rock Charities F4uity UDits on 2 F¢bnwy 2024 after recciving notic¢ from inves)r5 and th) on sprcifr l¢v¢ls of eithercapiral apFweethtton or ini"esrnent {Xe in order to achieve their objectives. The trustre5' investrnent policy is designed to provide a steady and regular income while at tbe Sall lime ryote the capitsl of the Sitte £155.174 (74.70I• of ¢lwiTh' s assets) 75 held in establish a fmancial value for the services for in¢ly8ion ia the ae¢outtts. subject to certain conditions being met. The probatc valuc of the propety was £2.Sm. In June 2021 Mr Moss. executors tranSfe¢d the benefit of the rentsl income ftom the house, and also responsibility for all tbe costs the clMTity" 5 balaoce sbecr * the aml of its year. 0e are abk do so. the mmtts hawe resolved to SCRI th¢ house. which 18 no lon8ersuitable for contributing to the deliveryof the charitable objects of the Pauline Meetiw In accor with th¢ tUm54>f Mr Moss's Will the salt W{eedsll be sbared qually with St Reserves Policy The truste&8 will utilize the clwity's reserves as necessary in order to tneet itsobiectives andmaintsin its a¢tivitie Risk The ttee$ consider thc nuin areas of risk to be: Fin4n¢ial- the tTUSt¢¢s ¢nsure that adequat¢ Insurce is in place to Ver clainLS that mAgbtbe made in relation to Approved ty ihe Trusleav dnd their behalfby Page 2
ENDEPENDEIYT EXAMINER'S REPORT TO THE COUNCIL OF THE PAULINE MEETINGS I report to the trustees on my examination of the accounts of the above charity for the year ended 31 January 2025, which are set out on pages 4 to 6. Responsibility and basis of Independent examiner's report As the charity's trustees, you aTe resFx)nsible for the preparation of the accounts in accordance with the requirements of the Charities Art 2011 {'the Acf,). I report in respect of my examination of the chaTtty's accounts carried out under section 145 of the 2011 Act and in carrying out my examinatio I have followed all the applicable Directions given by the Charity Commission under section 145(5Xb) of th¢ ACL Independent examiner's ststement I have completed my examination. I confirm that no matrrial matters have come to my attention in connection with the examination which gives me cause to IlieVe that I any material respect: the accounting r¢cords were not kept in accordonce with section 130 of the Charities Act; or the accounts did not accord with the accounting records. or the accounts did not comply with the applicable requirements concerning the fonn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2(K)8 other than any r4uirement that the accounts give a'true and fair, view which is not a matter considered as part of an indeident examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drnwn in this report in orderto ¢nable a proper understandingofthe accounts to be reached. '. 4lk- Frederick Light ACA Chartered Accountant 124 City Road London ECIV 2NX Date: Page 3
The Pauline Meetings STATEMENT OF FINANCIAL ACTIVITY for the year ended 31 January 2025 2025 Notes unr&Strict Restricted 2024 TO Unrestricted Restricted Totsi INCOMING RESOURCES Charitable Artivities Donations Legacy Investm¢nt Income Rentsl income 37,307 1,570 30.0(K) 8.346 29,940 107 163 37,307 3.870 30,OCK) 8.346 32,599 1,738 32,599 6,451 2,300 4,713 4.779 4,779 4,713 78,689 RESOURCES EXPENDED Charitable Activities Administration Propety expenses 49,801 1.024 3,732 53,533 1,024 14.758 69,315 39218 677 5,569 44.787 677 14.307 65,583 3.732 54,202 5.569 NET INCOMING/ fE¥PENDED) RESOURCES 41.580 (1,432) 40,148 19,774 (856) 18,918 Uniealised Gains l (Losses) on Investments 3.7 3.790 (3,573) (3,573) NETMOVEMENTINFUNDS 45,370 (1.432) 43,938 16201 (856) 15,345 Balance at l FebTuary 160,676 3212 163,888 144,475 4,068 148,543 Balance at 31 January 206,046 1,780 207,826 160,676 3,212 163,888 Page 4
The Pauline Meetings BALANCE SHEEr At JI JanuaTh" Notes 2025 2024 4&1 91.4i3 CurrA$ets.' Cash at BaDL" (A) 15558 162.957 74.867 Net Current Assets 159.646 72,455 17 16i.888 Representing: I(1.676 321? 16i,838 Approved by and signed on behalf of Trustees . 2026 John Howard Richard Holman Page 5
The Pauline Meetings NOTES TO THE Accouwrs For the year ended 31 January 2025 ACCOUNTING POLICIES Accounting comention The fmancial statements hav¢ been prepared und¢r th¢ historical cost convention and hav¢ been drawn up in accordance with the Stat¢m¢nt of Recornmended I)ractic¢ for a¢eounting by charities. Income Income is recognized on the earli¢r of the date of receipt or that on which the wecise amount is know provided the charity is ¢¢rtain to receive the income in question. Expenditure Expenditure is recognized on the accruats b&sis. CHAIUTABLE ACTIVITIES These mainly comprise the house parties and othff activities refentd to in the rep of the trustees. QUOTED tNVESTMEFrrs 2025 2024 Market value". At l February 2024 Sale during year Realized gain on sale Unrealized gain / Ooss) l on revaluation 91.433 (47.043) 95,006 3,790 (3,573) At 31 January 2025 48,180 91.433 DEBTORS AND PREPAYMEDrrs 2025 2024 Property income and expenses Tax recoveries Fees for activities Prepaid expenses Other debtor 193 228 4,977 771 26,391 488 5,948 500 7,783 32.560 The 'Other debtor, is a payment made by the chw7ty on behalf of the executors of B&sil Moss (see the Trustees, Report). This loan w&s repaid in full on 7th Novemb¢T 2024. CREDITORS AND ACCRUED EXPENSES 2025 2024 Charitable activities pror expenses 2J68 943 2,412 3,311 2.412 RESTRtCTED FUNDS These are donations rweived by th¢ tharity for paymcnt to oth¢r charities. Page O