The Paulina Foundation (Charitable Incorporated Organisation- Foundationl Report and Financial Statements P$riod ending 31 August 2024 Charlty No: 1203775 Legal and Administrative Information CharityNo 1203775 RegisteredAddress St Paul's Glrls, School Brook Green London W6 7BS Trustees justin8 Archer (appointed 28 lune 20231 Z8ina B8in (appointed 28 lune 20231 Kale Bingham lappoint8d 28 June 20231 Sargh Fletcher (appointed 28 lune 20231 M8rtha Genieser lappointed 28 lune 20231 Victoria Leung18ppointed 2B June 20231 Geoffrey Matthews (appointed 28 lune 20231 Yssmin Sachee lappointed 28 June 20231 Bryan Simpson (appointed 28 June 20231 Gersende Stotl lappointed 28 lune 20231 Sarah Teasdale (appointed 28 lune 20231 Su-mei Thompson lappointed 28 lune 20231 BankDetails Barclays Bank 75 King Street London W6 9HY Tru$tfyg$'Annual Report The Trustees pr8senttheir8nnual report8nd financi8lst8tements ofthe Foundationforthe p8riod ended 31 August 2024. The financial st8tem8nts have b88n prepar8d in accordance with the accounting policie5 set out in Note 1 of the account5 and comply with the Foundation'5 trust deed, the ChErities Act 2011 and Accounting and Charities Statement of Recommended Practlce and Financial Reporting Standord FRS 102. Objectlve5 and activities The objective of the Foundation is to promote the education, including social and physic81 treining, of girls and boys In Greater London. and In particular to support and maintain schools operated by St. Paul's Girls, School. The Trustees may 8180 pursue the objects of the Foundation by supporting ¢harit8ble partnershlps supported by, and bur50ries provicled by, St. Paul's Girls, School. Achievemerrts and performance The Foundation was dormant until 31 May 2024, when its first donation w£s received. Since 31 May, the Foundation ha5 raised E126 from five donor8. In due course. the Foundation is expected to become the main vehicle for fundraising associated with St Pauls. Girls, School. Financial revi8W No transactions took place until 31 May2024, when the Foundation's first donation was received. Sinc8 31 May. a furth8r four transactions have taken pL8ce, raising £126 in total trom five donors. The only expense items were for tr8n58Ction fees associated with donations received via the Stripe payment p18tform. In due course, the Foundation is expected to become the main vehicleforfundraising associated with St Pauls, Girls, School. Structure. governance end management The Foundation was constituted as Chaiirable Incorporated Organisation ICIOI Foundation, a body corporate under Part 11 ol the Charities Act 2011, on 28 June 2023. The CIO registered with the Charity Commission on the s8me d8y. Statement of Trustees, Responslbilities The Trustees are responsible lor preparing 8 Trustees, Annual Report and financial st8tements in accordance with applicable law and United Kingdom Accounting Standards (United Kingd(>m GenerallyAccepted Accounting Practice). The law applicable to charities in England and Wales requires the Trustees to prepare fin8ncial statements for each year which give a true and fair view ol the state of affairs ol the Foundation and of the incoming resources and application of resources, ol the Foundation for that period. In preparing rhe financial statements, the Trustees are required to= S&lect suilable sccounting policies and then Spplythem con515tently'. Observe the methods and principle5 in the applicable Chsrities SORP., Make judgements and estimate5 that are reasonable and prudent., State whether applicable accounting standards have been followed, subject to any material departures that Must be diselosed and explalned in the financial ststèments. Prepare the finan¢i81 statements on the going concern basis unless it is inappropriate to presume that the ch8ritywill continue in businèss. The Trustees are responsiblefor keeping properhecounting records thatdisclosewith reasonable accuracy * any tlme the financial position of the charity and to ensble them to ensure that the fin8ncial statements complywith the Chaiities Act 2011, the applic8ble Charities IAccounts and Reports) Regulations, and the provisions ol the Trust deed. They are also responsible lor safeguarding the assets of the Foundation and taking regsonable steps for the prevention and detection ol fraud and other irrogularities. The trustees are responsible for the m8inten8nce and integrity of the Foundation and fin8nci£l information included on the Foundation s website in accordanee with legislation iri the United Kingdom governsngthe preparation 8nd dissemination of financial statements. Approved by the Trustees on 18 June 2025 and signed on their bgh8lf by.. arah Teasdal8 Trustee 18 lune 2025 Tha Paulina Foundation Statement of Financial Activities For the period ending 31 August 2024 Restrlcted Total Funds Note Funds 2024 Incomlng resources Incomeancl endowments from.. Donaiions and legacles 126 126 Total Income 126 126 Resource5 expended.. Expenditu￿ on." Charitable activities Total expenditure iii Net incomellexpenditurel 125 125 Net movement Infunds 125 125 Reconclllatlon of funds.. Totalfunds brought forwards Total funds carried forward 125 125 The Paulina Foundation Balance Sheet AS at 31 August 2024 Total 2024 Note Current assets Debtors Cash at bank and in hand 125 125 Creditor5 falling due within one year Net Currentassets 125 Total assets less current Ilabllotles Creditors f8Uingdue after oneyear Net assets 125 The fund5 of thecharity: Restricted funds 125 Total charltyfunds 125 The Financial Statements on pages 5 to 10 were approved by the Trustees on 18 lune 2025 and signed on their behalf by.. rah Teasdal8 Trusteè 18 June 2025 Notes to the accounts 1. Accountlng Policies The principal accounting policies adopted. judgements and key source8 of estimation uncertainty in the preparation ol the financi81 statements are as follows-. J Basis of prèp8r8tion The 8ccounts have been prepared under the historie81 cost convention with items recogni5ed gt cost or transaction value unless otherwise stated In the relevant notelsl to these accounts. The accounts have been prepared in 8c¢ordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in 8c¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2024, and with the Charities Act 2011. bl Preparation of the accounts on 8 goingcon¢8rn basis Having as58ssed tha Foundation's flnancigl position, its plans for the foreseeable future and the risk to which it is exposed, the Trust88s are satisfied th8t it 15 appropriate tTr prepare the financial statements on a going concern basis. cl Income Income is recognised in ihe Statement of Financial Activities ISOFAI when th$ charity becomes entitled to the resources,. il is more likely than not thai the trustees will receive the resources., and the monetary value can be measured with sufficient ieliability. Giants and donations are only includ8d in the SoFAwhen the g8n8ral income recognition criteria are met. Legacie5 are included in the SOFA when receipt is probable, that is, wh8n there has been grant ol probate. the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have bèèn met. dl Tax rec18ims on donations &ndgifts Gift Aid receivable is included in incom8 when there is a valid declarstion from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is Ireated as an addition to the same fund 8S th8 initial donation unless thg donor or the terms of the 8PP8al have specified otherwise. e) Incom8 from interest Th15 is included in the Bccounts when receipt is probably and the amount receivable can b8 measured relisbly. O Governanc& and support costs Support costs hav8 b6en allocat8d between governance costs and other support. Governance Costs comprise all costs involving public accountabibty of the charityand its compliance with r&gulation and good practice. Support costs include central function5 and have been allocated to activity cosi categories on 8 basis consistent with ihe use of resources, eg allocating property costs byfloor areas, or per capita, staff ¢osts by the time spent and other costs by their usage. gl C&sh at b3nk8nd ITh hsnd Cash at bank and cash in hand Includes cash and short term highly liquid investments with 8 short tnaturity of three months or less from the date of acquisition or opening of the dep051t or similar account. h) B8sis financial instnjments The charity only has financial ass8ts and linan¢i81 liabilities of a kind that qualify as basic financial instruments. The charity accounts for basic financial in5tiuments on initial recognitvn as per poragraph 11.7 FRS102 SOFIP. Subsequ8nt measurement is &s per P8ragraphs 11.17 to 11.19, FRS102 SORP. 2. Analysis of incorne from donations and legacles Donations 2024 Donations Gift aid 126 128 The incom6 from don2tions and legacies was £126. 811 of which was restricted. Th8 donation5 received in the reporting period did not attract grti aid. 3. Analysls of 8xp•Mdlture on charltable a¢tivtti85 2024 Payment software charges Expenditure on charitable aclNities was £1, all of which w8$ rèstricted. 4. Cash ai bank and In hand 2024 Cash at bank and in hand 125 125 5. Analy31$ of charltabl8 funds Analysis of movem&nts in restrlcted funds B8l8nce 28 June 2023 Funds 31 August 2024 Income Expenditure Transfers Bursary Fund 126 125 Total 126 125 Name of restrleted fund Descrlptlon, naturg and purpose$ of the fund Bursary Fund The Bursary Fund represents 8¢cumulated income on variou$ restricted gift5 intended to fund bursaries lor pupils. 6. Analysis of net 8888ts between funds Restrlcted Funds Total Tangible Fixed Assets Cash at bank and in hand Other n8t current asseislllisbilitiesl Creditors of more than one year 125 125 Total 125 125 7. ReLat8d Partie5 The Foundation maintains s close relationship with St Paul's Girl5. School. The Foundgtion and the School have three Trustees in common.. lustine Archer, Zeina Bain and Geoffrey Matthews. Two members of the School's Senior Leadersh6p Team, Sarah Fletcher IHigh Mistress) and Ssrah Teasdale (Bursail are also Trustees ol the Foundation. No transactions occurred duringthe reporting périod with related parties.