The Paulina Foundation (Charitable Incorporated Organis8tion- Foundation) R6POrt and Financial Statements Perlod ending 31 August 2025 Charity No: 1203775 Legal and Administrative Intormation Ch8rity No 1203775 RegisteredAddress St Paul's Gir18' School Brook Gree London W6 7BS Trustees Justine Archer Zeina Bain Kate Bingham Martha Genieser Victoria Leung Geoffrey Matthews Yasnin Sachee Bryan Simpson Gersende Stoll S8r8h Teasdale Su-mei Thompson Bank Details Barclays Bank 75 King Street London W6 9HY Trustees. Annual Report The Trustees presenttheirannual report and financial statements of the Foundation for the period ended 31 August 2025. The financi81 statements have been prepared in accordance with the accounting policies Set out in Note 1 of the accounts and comply with the Foundation's trust deed, the Charities Act 2011 and Accounting and Charities Statement of Recommended Practice 8nd Financial Reporting standard FRS 102. Objectives and activities The objective of the Foundation is to promote the education, including social and physical training, 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 also pursue the objects of the Found8tion by supporting charitable partnerships supported by, and bursaries provided by, St. Paul's Girls, School. Achievements and porformance In due course, the Foundation is expected ro become the main vehicle for fundraising associated with St Pauls, Girls, School, but in the year the Foundation has raised £110 from eight donors. Financial review The main expense items were for transaction fees associated with donations received via the Stripe payment platform and for b8nk charges. In due course, the Foundation is expected to become the main vehicle for fundraising associated with St Pau15' Girls, School. Structure, governance and management The Foundation was constituted as ChaTltable Incorporated Organisation ICIOI Foundation, a body corporate under Part 11 of the Charities Act 2011, on 28 June 2023. The CIO registered with the Charity Commission on the same day. Statement of Trustees, Responsibilitie$ The Trustees are responsible for preparing a Trustees, Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting stand8rds Iunited Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the Foundation and of the incoming resources and application of resources. of the Foundation for that period. In preparing the financial statements, the Trustees are required to= Select suitable accounting policies and then apply them consistently., Observe the methods and principles in the 8pplicable Charities SORP. Make judgements and estimates that are reasonable and prudent., State whether 8pplicable accounting standards have been followed, subject to 8ny material departures that must be (Jisclosed and explained in the financial 8t8tements; Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicabl8 Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Foundation and taking reasonable steps for the prevention and detection of fraud and other irregularities. The trust8es are responsible for the maintenance and integrity of the Foundation and financial information included on the Foundation's website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financi818t8tements. Approved bythe Trustees on 17 June 2026 and signed on their behalf by: Sarah Teasdale Trustee 17June2026 The Paulina Foundation Statoment of Financial Activities For the perlod endlng31 August 2025 Prior Year Funds 2024 Restrlcted Total Funds Note Funds 2025 Incomlng resource5 Income and endowments from." Donation5 an(J legacies iio iio 126 Total income iio iio 126 Resources expended: Expenditure on.. Charitable activities Other 1611 12081 1611 12081 Total expendlture 12691 12691 Net Incomellexpendlturel 11591 11591 125 Net movementln funds 11591 11591 125 Reconcillation of funds: Total funds brought forwards 125 125 Total funds carried forward 1341 1341 125 The Paulina Foundation Balance Sheet As at 31 August 2025 Total Totsl 2024 Note 2025 Current assets Debtors Cash at bank and in hand 1341 1341 125 125 Liabilities Creditors falling due within one year Net CLErrent assets 1341 125 Toialassets less current Ilabllltles Creditors falling due alter one year Net assets 1341 125 The funds of the charlty: Restricted funds 1341 125 Total charltyfunds 341 125 The Financial Statements on pages 5 to 10 were approved by the Trustees on 17 June 2026 and signed on their behalf by.. Sarah Trustee 17June 2026 dale Notes to the accounts 1. Accounting Poiicles The principal accounting policies adopted, judgements and key sources ot e8tim8tion uncertainty in the preparation of the financial statements are as follows= 8) Basis of preparation The accounts have been prepared under the historical cost convention with items recognised at cost or tr8nsaction value unless otherwise stated in the relevant notelsl to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice- Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standarcl applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2024, and with the Charities Act 2011. b) Preparation ofthe accounts on 8going concern basis Having 8ssessed the Foundation's financial position, its plans for the foreseeable future and the risk to which it is exposed, the Trustees 8re satisfied that it IS appropriate to prepare the financial statements on a going concern basis. c) Income Income is recognised in the Statement of Financial Activities ISOFAI when the charity becomes entitled to the resources- if is more likely than not that the trustees will receive the resources. and the monetary value can be measured with suff icient reliability. Gr8nts and donations are only included in the SoFAwhen the general income recognition criteria are met. Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there 8re suff icient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. d) Tax reclaims on donations andgitts Gift Ai(J receivable is included in income when there is 8 valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and 18 treated as an 8ddition to the same fund as the initial donation unless the donor or the term8 of the appeal have specified otherwise. ej Income from interest This is included in the accounts when receipt is probably and the amount receivable can be measured reliably. Governance and support costs Support costs have been alloc8ted between governance costs and other support. Governance costs comprise 811 costs involving public accountability ofthe charity and its compliance with regulation and good practice. Support C08ts include central functions and have been allocated to activity Cost categories on a basis con818tent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. g) Cash atb8nkand in h8nd Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisltion or opening ot the deposit or similar account. h) Basis financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. The charity accounts for b88ic f inancial instruments on initial recognition as per par8gr8ph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. 2. Analysis of incometrom donations and legacies Donatlons 2025 2024 Donations Gift aid 110 126 126 The income from donations 2nd legacies was £110, all of which was restricted. The donations received in the reporting period did not attract gift aid. 3. Analysis of expenditure on charitable activities 2025 2024 Payment software charges 61 61 Expenditure on charitable activities was £61, all of which was restricted. 4. Analysis of otherexpenditure 2025 2024 Bank charges Irrecoverable losses 195 208 5. Cash at bank and in hand 2025 2024 Cash at bank and in hand 1341 125 125 6. Analysis of charitable funds Analysis of movements in restricted funds Balance 01 September 2024 Funds 31 August 2025 Income Expenditure Transfers Bursary Fund 125 110 12691 1341 Total 125 110 12691 134) Name of restricted fund Descrlptlon, nature and purposey of the tund Bur88ry Fund The Bur88ry Fund represents 8¢¢umulated income on various restricted gifts intended to fund bursaries for pupils. 7. Analysis of net assets between funds Restricted Funds Total Tangible Fixed Assets Cash at bank and in hand Other net current assets/lli8bilitiesl Creditors of more than one year 1341 1341 Total 134) 1341 An81ysis of net 85S8ts b8twe8n fund5- priory8ar Restricted Funds Total T8ngible Fixed Assets Cash atbankandin hand Other net current 8ssets/(li8bilitiesJ Creditors ofmore than one ye8r 125 125 Total 725 125 8. Relatod Parties The Foundation maintains a close relationship with St Paul's Girls, School. The Foundation and the School have three Trustees in common: Justine Archer, Zeina Bain and Geoff rey Matthews. One member of the School's Senior Leadership Team, Sarah Te88d81e IBLJf8arl is a180 Trustees of the Foundation. No transactions occurred during the reporting period with related parties. 10