The Pauline Meetings
FINANCIAL STATEMENTS
for the year ended
31 January 2025
Charity Registration No. 1065444

The Pauline Meetings
Report of the Tn￿te¢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¢ Tn￿l 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 ¢F￿rAty is caTried out by RichaTd Holman at I l Genoa Avenue, Puth¢y. London SW15
6DY.
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The Pauline Meetings
Rqx)rt of the Tn￿e¢S
For the j.ear eth 31 Jamwy
Ffinancfial position
ID the)￿ar￿ 31 ?OJ? tsdmrity's i[knn￿oDXmX￿II0 £l(VJ.463 (2024: £7&689k ittldmg£2M)IJ124:
EXp￿￿e5￿m￿ £69u15(￿4. £59.71 J. Dxhthy￿."$i7 (?074: £5533) andtharTr7s a
sU￿[uS for the yearof £40,148 (2024: surplus £18.918) before unrealised investment gains of £3.790 (2024.. losses
of £3J73). Net outgoitig re￿ from the restsid￿ fimds amou[￿ to £1.432 (2024: net deficit £8561.
Net 31 Jaw ?% £207m6 (7￿4. £16i.888k of £1.7KI (Jll4: £32]?) ms in
Tbc ttustees sold the boldiDg in Black Rock Charities F4uity UDits on 2 F¢bnwy 2024 after recciving notic¢ from
inves￿)r5 and th) on sprcifr l¢v¢ls of eithercapiral apFweethtton or ini"esrnent ￿￿{X￿e in order to achieve
their objectives. The trustre5' investrnent policy is designed to provide a steady and regular income while at tbe
Sall￿ lime ryote￿ the capitsl of the Sitte £155.174 (74.70I• of ¢lwiTh' s assets) ￿75 held in
establish a fmancial value for the services for in¢ly8ion ia the ae¢outtts.
subject to certain conditions being met. The probatc valuc of the propety was £2.Sm. In June 2021 Mr Moss.
executors tranSfe￿¢d the benefit of the rentsl income ftom the house, and also responsibility for all tbe costs
the clMTity" 5 balaoce sbecr * the aml of its year. 0￿e are abk ￿ do so. the mmtts hawe
resolved to SCRI th¢ house. which 18 no lon8ersuitable for contributing to the deliveryof the charitable objects of the
Pauline Meetiw In accor￿ with th¢ tUm54>f Mr Moss's Will the salt W{￿eeds￿ll be sbared qually with St
Reserves Policy
The truste&8 will utilize the clwity's reserves as necessary in order to tneet itsobiectives andmaintsin its a¢tivitie
Risk
The t￿￿tee$ consider thc nuin areas of risk to be:
Fin4n¢ial- the tTUSt¢¢s ¢nsure that adequat¢ Insur￿ce is in place to ￿Ver clainLS that mAgbtbe made in relation to
Approved ty ihe Trusleav dnd
their behalfby
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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 I￿lieVe 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 inde￿ident
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:
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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
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The Pauline Meetings
BALANCE SHEEr
At JI JanuaTh"
Notes
2025
2024
4&1
91.4i3
Curr￿A$￿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
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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.
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