St. Paul's Cle House and Schools Trust re istered cha number 257642 Trustees, Report and Accounts for the year ended 31 December 2024 Histo The trusts derive from a Conveyance of certain land and buildings, the property of the Revd. A D Wagner dated 15 January 1895. The trusts reflect the original uses of these properties, namely St. Paul's Vicarage, St. Paul's Schools, and the Church of the Resurrection. These properties were sold, compulsorily purchased, or otherwise diswsed of over the years, and the assets of the tmsts now comprise al an interest in the site of the present S Paul's School built in the 1970s, jointly owned with the Diocese of Chichester, under the terms of a Declaration of Trust dated 25 September 1972. being 15% of the net prOed5 of sale of the site or £44.iKJO whichever is the greater- and bl the Wagner Hall (the "Hall"}. Regency Road, Brighton. built with compensation money received when the original school and its hall were compulsorily purchased, on land transferred by Brighton Borough Council for a nominal consideration in the early 19705. The objerts laid down in the 1895 Conveyance reflect the uses of the lands conveyed, namely- a place of worship. in accordance with the rights and ceremonies of the Church of England; a school for education of children and/or adults of the labouring, manufarturing. or other poorer cases in the parish of St. Paul according to the principles of the Church of England: a residence for the Vicar or clergy of St. Paul's church or for teachers at the school. classroom meeting room or lecture r(M)m for members of the Church of England for conflrmation or communicants classes or for other religious or secular instrurtion: meeting place for meetings of the clergy or of Societies connected with the Church of England: any other meetings or any other objects. ends, or purposes which the Vicar or officiatin8 minister of St. Paul's may think desirable Isubject to the consent of the Bishop if at least half the trustees so require). Bank The Trustees. bankers are National Westminster Bank plc. 56 Churchill Square, Brighton. Grants to S Paul's Church No grants were made during the year. Page I
Wa ner Hall The lease to K P Spas Ltd was at last completed on 25 Ortober 2024. being for a term from l March 2024 to 24 Ortober 2029 at the following rents: From l March 2024to 31 December 2024 From l January 2025 to 31 December 2025 From l January 2026to 31 December 2026 From l January 2027to 31 December 2027 From l January 2028to 31 December 2028 From l January 2029 to 24 October 2029 £15,000 £21,000 pa £23.000 pa £24.000 pa £25.000 pa £20,342 The tenant is responsible for keepin8 the building in repair. insurance and all outgoings. Pending completion of the lease, K P Spaces Ltd continued to reimburse the c05t of utilities, as previously. For the future. the Trustees intend first to restore their reserves. which have been severely depleted in recent years. Thereafter. they intend to rnake grant5 to St. Paul's Church towards capital projects particularly those Conrned with the maintenance of the fabric of the church. Trustees The Trustees who served during the year were= The Revd Benjamin Myles Eadon (resigned 25 October 20241- Mr Anthony John Potter; Mr John Charles Burdett: Dr Keith Anthony Sharpe (resigned 25 October 20241- Ms Susan Mary Alves Gale; The Revd Thomas James Cotterill {appointed 25 October 20241; The Revd Graeme Charles Rowlands (appointed 25 October 20241: Ms Polly Pong lappointed 25 October 20241. Approved by the Trustees on behalf By ANTHONY JOHN POThER 23 February 2025 and signed on their 1Sgd} J. Potter Date- 23 February 2025 Page 2
sr. PAUL'S CLERGY HOUSE AND SCHOOLS TRUST RECEIPTS AND PAYMENTS Accoupifs FOR YEAR ENDED 31 DECEMBER 2024 Unrestrirted Furbds 2024 Unrestricted Funds 2023 Receipts Wa ner Hall Bri Rental income Insurance rent Reimbursement of utility costs hton 16,051 4,035 8.261 4,207 28347 4,207 Interest on de os¢( accounts CCLA- CBF Deposit Fund 476 Total receipts 28.795 4,683 Grants to St Paul's PCC Bri hton Wa ner Hall Bri hton Insurance premium 2024 Electricity Gas 4,035 8.118 395 3.901 6,903 183 Water 12.656 337 11,324 s of lettin Asbestos suNev RAAC survey Valuation fees Legal costs 420 no 1.020 3.195 5.355 Total payments 18.011 11,324 Net of receiptsllpaymentsl Cash funds at start of year Cash funds at end of year 10,784 12,284 23,068 -6.641 18,925 12,284 STATEMENT OF ASSEfs AND LIABILMES AS AT 31 DECEMBER 2024 Unrestrlcted Funds 2024 16,392 6.676 23.068 Unrestritted Funds 2023 NatWe5t current and reserve accounts CCLA- C8F Deposit Fund Total cash funds 1,056 11,228 12.284 Less creditors- cheques unpresented Insurance Net total monetary assèts 23.068 12,284 Wagner Hall lat costl Share of St Paul's school, Brighton at C05t Total investment assets 45.283 45.283 44,000 89,283 89,283 Total liabilities Page 3