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 prO￿ed5 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 Spa￿s 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 Con￿rned 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
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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