St Paul’s School Community & Philanthropy Report May 2020
Cover photo: We would like to offer our thanks to the families who made significant contributions towards the new Junior School Pavilion
stpaulsschool.org.uk
ST PAUL’S SCHOOL
Community & Philanthropy Report May 2020
Thank you from the High Master In May last year, we launched the Shaping Our Future campaign, which seeks to build upon the strong and enduring foundations of five centuries of philanthropy underpinning the modern St Paul’s. The school has been in existence for as long as London’s cathedral – so that dates us to c.600AD – and it has perforce had to adapt to survive for over 1,400 years. The most significant single act of adaption in our history is John Colet’s re-foundation and generous endowment of the school in 1509, providing a free school to educate 153 boys and establishing a tradition of benefaction and inclusivity. Since then, philanthropy has been the principal driver behind the school’s development, each generation benefitting from the generosity of those who have gone before. This report celebrates that history of benefaction and provides an opportunity to express our heartfelt thanks to those members of our current community who have maintained this tradition. Our stated aspiration to restore John Colet’s original vision for St Paul’s with an extensive bursary programme is ambitious but essential. When finally realised, we will have shaped the future for generations to come. We set ourselves ambitious targets when launching the campaign at St Paul’s Cathedral in May 2019. I am delighted to report that together we have made significant progress towards fulfilling them. In early March 2020, we formally opened the second stage of the General Teaching Building of the senior school, which completes an eight-year programme of reconstruction. A donors’ board was unveiled in the new atrium as a permanent reminder and celebration of those who have made major contributions to the renewal of the school buildings. We will continue the programme
of reconstruction over the next few years with the replacement of the junior school. The main priority now is the provision of more bursary places. This year there are 114 recipients of bursaries within the school, the majority on full fee or 75% fee support. Since May 2019 we have raised £6.1m towards the Shaping Our Future campaign, catapulting us towards the target of £20m by 2023. This will enable us, we hope, ultimately to exceed our goal of 153 bursary pupils. In addition, donors have supported our expanded partnership work within the local community and state schools, a programme that enables Paulines to serve society, while signalling the accessibility of St Paul’s to that local community. We are very proud of what has been achieved so far. It owes a good deal to the mobilising force of Ali Summers – an Old Pauline and a recent parent who chairs our governors’ development committee – and to Ellie Sleeman
and her team in the school office. Yet they recognise that they are simply catalysts in the process of creating a strong and active community, whose activities extend beyond fundraising to include parent volunteers, OP events, mentoring and careers help. At the time of writing, it is already manifest that the unleashing of a global pandemic will present a major challenge to our community, and to our ambitious fundraising targets. Yet the school has already survived a vicious plague epidemic in 1665 and destruction by fire in 1666, although its recovery was aided by the philanthropy of its community, including Samuel Pepys. Indeed, the Old Pauline Club still observe the tradition begun in 1667 of donating books to the school library each year. Perpetual institutions succeed only if they promote and practise eternal values. Thank you for all that you have done to promote those for the benefit of St Paul’s. Professor Mark Bailey High Master
ST PAUL’S SCHOOL
Community & Philanthropy Report May 2020
A UNIQUE COMMUNITY
As I reflect upon the work of the St Paul’s School community over the last year, I am proud of what we have achieved. The St Paul’s community is truly unique, made up of talented and passionate individuals. Parents, Old Paulines and former parents, staff and pupils have volunteered their time, delivering social events, providing fundraising help and offering careers advice to our current pupils and partnerships schools. We are hugely grateful to the Old Pauline Club and the Parents’ Group in particular for their support. We were delighted that many of you could join us at St Paul’s Cathedral in May of last year as we launched our ambitious new vision and strategy for St Paul’s in the form of the Shaping Our Future campaign. We asked then for your support in transforming those plans and vision into a reality we can all be proud of. In this second annual Community and Philanthropy report, I am pleased to reflect on everything that we as a community have achieved towards those ambitions. Over the past year, it has been a privilege to meet so many of you and discover the aspects of the Shaping Our Future campaign that you have chosen to support and your motivation for doing so. Whether you benefitted from a bursary at St Paul’s and would like to pass on that legacy, or you wish for your children to understand the importance and responsibility of engaging with the local community, or you have simply wanted to support the school by helping to develop our facilities. Thank you to you all. As we look to the future, as with all dynamic communities, things evolve. We are sad to say goodbye to Professor Bailey, whose inspiring leadership of St Paul’s School over the last nine years has enabled our community to flourish. Now we focus on the school’s future, and we look forward to welcoming Sally-Anne Huang as our new High Master. I know she is relishing the prospect of joining our community and in particular taking our access work forward. As a team, we will be working hard next year, increasing our fundraising efforts, laying the foundation of realising the income of £3.3m we need each year to fund our bursary ambitions of 153 pupils by 2023 as well as building the endowment to allow this number to increase; simultaneously, we will continue to deliver an engaging schedule of events whether this is in person or virtually. I hope you enjoy reading about our community achievements this year and, once again, thank you for your generous support. Ellie Sleeman Director of Development and Engagement
ANNUAL EVENTS PROGRAMME St Paul’s Juniors’ Christmas Fayre
St Paul’s Cycling Network
Whitting Lecture
Spring Fling
Our annual programme provided a variety of interesting and thought-provoking opportunities to engage with for the whole St Paul’s community, something we are working to replicate in this period of enforced social isolation. In September 2019, we launched the St Paul’s Cycling Network, organised in conjunction with The Tour of Britain and SweetSport CEO, Hugh Roberts (OP 1969-74). October’s highlights included the Old Pauline Lodge Centenary Dinner, attended by 100 Old Paulines, which culminated in a generous donation of £10,000 to the St Paul’s Bursary Fund. The annual St Paul’s Juniors’ Christmas Fayre was well attended by over 1,500 people who were swept up in the festive spirit, raising valuable funds for local charities. There was plenty of fun for all the family with ‘Take on the Teacher’ inflatable Sumo wrestling and a Christmas Market featuring over
50 local businesses. The return of ‘Bake Off’ saw numerous impressive creations from pupils and their parents. The Spring Term began with a landmark event, as Professor Mark Bailey delivered the 2020 Whitting Lecture to a packed Wathen Hall. Pauline Perspectives followed, pitting Old Paulines and parents against each other as they decided once and for all whether ‘Sport has been taken over by Big Business’. The result was a tie as the audience were swayed by the speakers’ arguments on both sides of the debate. In March, the long-anticipated Grand Opening of the second phase of the General Teaching Building was closely
followed by the 10th anniversary of Spring Fling. In an unsettled external environment, the parent body across both the senior and junior schools joined together for the spectacular event held in the Science Museum’s inspiring ‘Illuminate’ room. The evening was filled with outstanding performances by pupils of all ages including jazz, Drumline, Hamilton hip hop and traditional show tunes from Oliver!, as well as an array of auction lots to bid on. Robin Beattie (OP 1986-91) spoke passionately about the opportunities that the gift of a bursary at St Paul’s opened to him and the positive effect it has had on his adult life. The evening raised £125,000 for the St Paul’s Bursary Fund.
ST PAUL’S SCHOOL
Community & Philanthropy Report May 2020
IN 2019/20
5,218
members of the St Paul’s Community have attended 206 events
172
people have volunteered for committees, professional groups, reunions and academic projects
10,269
members of the Old Pauline Club
1,900
number of registered users on St Paul’s Connect
MASTERCLASSES St Paul’s masterclasses continue to go from strength to strength with an increase in popularity and subjects offered. These classes allow Old Paulines, parents and former parents to experience classes currently on offer at school and give a taste of what pupils are learning. We began with the return of Associate Director of Pauline Relations and former Senior Undermaster, Alex Wilson’s Ancient Greek series, transporting his latest pupils back to a forgotten time and broadening their language base. The first Philosophy discussion-based masterclass, led by Dr Philip Gaydon, had such interest that it has been extended into a series and Head of Computing, Dr Chris Harrison’s masterclasses offered tech-savvy, or at least curious parents, the opportunity to gain insight into the basics of coding.
With such positive reviews, we will continue to extend the series, not least with Alex Wilson returning with his Latin masterclass and the Engineering department running a 3D printer workshop. Whilst we are in lockdown we are also running a virtual masterclass series. To find out more and to book a space, please visit our website.
“I’ve thoroughly enjoyed the sessions. I feel a sense of achievement that I know a little of the basics of Python now and can manage to solve some of the questions/tasks that Dr. Harrison gave. I think it’s a really good experience to do this kind of masterclass at St Paul’s, not only do we learn some new skills but it also gives us a good feeling of the environment and how the boys are learning coding too.” Current parent
ST PAUL’S CONNECT Stay connected with friends, colleagues, parents and fellow alumni of St Paul’s by signing up to St Paul’s Connect. Our dedicated networking, mentoring and memory sharing site allows you to reunite with friends, expand your network, speak to professionals in your field and meet up with Old Paulines in your local area. In recent months we have seen a considerable uplift in registrations as Old Paulines strive to connect with each other during these challenging times. As a community, we can make the most of shared opportunities. To join visit stpaulsconnect.org or download the Graduway Community app and search for St Paul’s School.
PROFESSIONAL NETWORKS The professional engagement programme, established in 2007, includes formal networks across seven fields supported by a dedicated group of alumni and parent volunteers. They aim to connect those working in specific fields and support pupils and young alumni on their career journey. In the past year, the networks have met at UBS, Freshfields Bruckhaus Deringer and Hambro Perks. Hosted by both Old Paulines and parents, they bring together members from across the school community and allow Eighth Form students and those from partnerships schools to mix and network in a professional setting.
They have also provided the chance to hear from some insightful speakers including Lord Grabiner QC, Barrister and Life Peer, and Stephen Jones, CEO of UK Finance. As soon as we are able to, we will be looking to bring our Medical Network together once again as well as reaching out to the community to grow our networks in Real Estate and Engineering.
“The Law Network Event was an enriching experience which allowed me to glean a better understanding of the world of law and professional life.” Kohana Ah Teck, St Paul’s Girls’ School Pupil
“It was a truly special and incredibly insightful evening, giving young members of the St Paul’s community a superb chance to develop and crystallise their understanding of the legal world.” Roma Rodriguez, OP (2018)
ST PAUL’S SCHOOL
Community & Philanthropy Report May 2020
A TRADITION OF BENEFACTION AND INCLUSIVITY St Paul’s School is built on a history of philanthropy. From John Colet’s original endowment to the campaign to raise funds for the move to Barnes in 1968, from the Pilkington Campaign in 1989 to the £65m raised during the recent Renewal Campaign, the generosity of our community has supported St Paul’s for generations. Now that the urgent need to finance and replace most of the school’s dilapidated buildings has been met and the funding has been secured for the final phase of the junior school redevelopment, we have been able to turn towards our original and principal goal: to widen access to the school through increased bursaries. Alongside this, we are determined to increase our profile within the local community through partnership work
and voluntary service. We also plan to continue with our rebuilding project, turning our attention to both our sporting and hospitality provision. To achieve these aims, we launched an ambitious new fundraising campaign in May 2019 – Shaping Our Future. We have been delighted with the support of our community, raising £6.105m to date, the majority towards the bursary and partnership total of £10.4m.
Number of Shaping Our Future Donors: 876
£6.105m raised for Shaping Our Future
£2.88m raised in the year 2018/2019
Parents
591
Old Paulines
235
Benefactor
27
Company
8
Staff
7
Current Students
4
Trust
4
£1m–£1 largest gift
smallest gift
876
donors to Shaping Our Future
Donations in 2018/19:
£2,879,489.22
322
regular donors to Shaping Our Future
17
years old – youngest donor
Old Paulines
£1,466,872.97
Parents
£1,317,540.53
Company / Trust HLM / Benefactor / Friend Staff Current Students
£63,084.53 £18,517.45 £13,098.74 £375.00
1
Fundraising Committee
ST PAUL’S SCHOOL
Community & Philanthropy Report May 2020
EXCELLENCE WITHOUT EXCLUSIVITY – WIDENING ACCESS St Paul’s has faced many challenges in its 500-year history: the Plague, the Great Fire of London, the Civil War, and two World Wars. However, one of the most fundamental challenges to the nature and ethos of the school was the phasing out of the assisted places scheme in 1997 which allowed St Paul’s to offer places to pupils solely on merit, regardless of their parents’ income. This scheme mirrored John Colet’s ideals of educating pupils “from all nacions and countres indifferently”, regardless of race, creed or social background. Its withdrawal changed the composition and diversity of the school, a legacy that is still evident today. Beginning to redress that position is now the driving force behind the Shaping Our Future vision, launched to set the course of the future direction of the school. There is a commitment to an interim target of funding 153 bursary pupils by 2023. As a community, we are committed to supporting our bursary pupils academically, financially and pastorally.
The school provides financial assistance for school trips, textbooks and uniform for those pupils who are receiving awards above 75%. We have recently appointed three members of staff across the Junior and Senior Schools, overseeing the academic and pastoral care of all bursary pupils, funded by the school. We are also working hard to build awareness of our bursary provision in the wider community, reaching those pupils who have the attitude and ability to thrive at St Paul’s but lack the necessary financial requirement. We are very proud of our bursary pupils. Over the past ten years, their university destinations have included the University of Cambridge, University of Oxford, London School of Economics, Royal Academy of Music, University of Bristol and the University of Manchester. As well as universities abroad, including Duke University, Stanford University, Yale University, Harvard University and McGill University.
The members of the 2019-2020 Thomas Gresham Bursary Committee
How bursary numbers at St Paul’s have grown in the last five years: 2015/16 2016/17 2017/18 2018/19 Today
49 75 100 105 114
71
boys on 75%+ Bursary Awards
£5.155m Shaping Our Future has raised £5.155m pledged over five years for bursaries
The importance of allowing boys, who would otherwise not get the chance, to benefit from a world-class education cannot be understated. I hope that the bursary fund continues to gain the support it deserves. Donor, Shaping Our Future
We would like to thank all of those who have supported our bursary campaign. This includes our Parents’ Group, who have hosted events such as the Spring Fling, which in 2020 celebrated its tenth anniversary and has raised over £1m to date. There have also been uniform sales and a Staff v Parents football match at St Paul’s Juniors. The Old Pauline Club has committed to funding one full bursary place each year, and the 1509 Society which was founded by two Old Paulines has secured almost £500,000 worth of pledges towards bursaries over the next five years. The Colet Foundation in the USA, founded in 1991, plays a significant part in allowing USA taxpayers to support the school’s aims.
Bursary story
‘I am living proof that when bright boys from disadvantaged backgrounds come to St Paul’s, they thrive and maximise their potential.
THOMAS GRESHAM BURSARY AWARD Pupil-led bursary fundraising goes from strength to strength with the Thomas Gresham Bursary Award. This award was founded in 2017 by four Upper Eighth pupils as a wholly pupil-led appeal to provide a 100% bursary award for the highest performing boy at 11+ who requires financial support. The second bursary award recipient is now attending St Paul’s Juniors, and the current Thomas Gresham Committee have increased the total amount raised to £73,293.24 so far. Thank you.
I was very fortunate to attend St Paul’s in the Eighth Form. My mother’s boss had two sons at the school and had told her how much it academically stretched and empowered his children and how much they enjoyed their time at school. At that time, I was attending a state school in West London, a good school, but I was academically frustrated. The move to St Paul’s was a revelation. I was taught to think critically and independently in the context of a rounded education. My horizons have been expanded in so many ways. Socially I have made friends for life, many of whom have now joined me at Oxford, and I was also able to try many new sports such as sailing, climbing, squash and rowing, sports that I continue to enjoy. I believe that as many boys as possible deserve a chance to enjoy the experience I had. Social diversity in a school such as St Paul’s is to the advantage of our whole community’.
Ethan Chan (2012-2014) Worcester College, University of Oxford – Geography
“The Saturday event at St Paul’s School was brilliant. We came across problems which we didn’t really have much knowledge of and I must admit, were extremely challenging. However, we sat in random groups for the sake of physics and managed to solve problems by applying and sharing knowledge. All in all, the event was brilliantly painful and it gave me the type of pain that I’d absolutely love to experience again.” Student, Hammersmith Academy – Physics, Exponential problem-solving morning
ST PAUL’S SCHOOL
Community & Philanthropy Report May 2020
ST PAUL’S IN PARTNERSHIP
1,000+
100+
45
100+
students from local state schools have benefitted from specialist teaching by St Paul’s
members of St Paul’s teaching staff involved in the partnership programme
local primary school students attended the World Cup and other football days at St Paul’s run by current St Paul’s pupils
Year 12 or 13 students from partner schools that have received individual support for university applications
School Partnerships Paulines excel in a wide variety of co-curricular activities. Yet an education at St Paul’s also involves service and the widening of social horizons. There is a genuine desire among pupils and staff to engage in partnership and charitable work, and a commitment to share our expertise, energy and facilities for the benefit of all within the local and wider community. Our School and Charity Partnerships programme consists of four main strands: working in partnership with several local schools, including developing the skills of enterprise; giving service opportunities in the local community for our pupils; supporting local and, national and international charities and lastly building awareness of our bursary offer.
We partner with schools in the state sector, largely locally but nationally as well, at both primary and secondary levels. Our work ranges from Saturday Science extension classes for Year 12 pupils and supporting their university applications, to weekly GCSE Latin classes and two Science residential schools for 50 Year 10 students in July. At a primary level we offer a range of interesting sports-based programmes as well as academic enrichment programmes through St Paul’s Juniors. We are also proud to be the Education Partner for the Barnes Children’s Literature Festival for the second year running which offers a free programme of events for over 6000 primary school children.
Skills of Enterprise St Paul’s has been a seedbed for entrepreneurs, from Sir Thomas Gresham in the 16th century to Sir Lloyd Dorfman CBE (Travelex), Saul Klein (Love Film) and Aron Gelbard (Bloom & Wild) today.
As we enter what some are calling the fourth education revolution, teaching and developing generic soft skills – including the specific skills of enterprise – will be of central importance to young people’s future success. In 2018, we founded the West London Schools’ Entrepreneurs’ Partnership, ‘Start-It’, to provide teaching, mentoring and meaningful opportunities for young people to become the next generation of entrepreneurs. Supported by our alumni and parent networks as well as our partner schools, we look to share our wisdom and experience with the young people involved, as they acquire the confidence and skills to start their own businesses. Crucially, the programme is open to, and promoted amongst, all young people in the local area. In September, we will be launching a local area learning a local learning partnership group with schools from both the independent and maintained sectors.
ST PAUL’S SCHOOL
Community & Philanthropy Report May 2020
Thank you for sending Tim. He has impressed us from the moment he arrived. He is a talented, self-composed person who wears his gifts very modestly. Rugby Portobello Trust
Service in the Community This academic year, the new Lower Eighth partnership programme takes pupils off the academic timetable on a Friday afternoon. As well as volunteering placements with over 15 different organisations, from working as maths tutors for GCSE pupils or sports coaches in primary schools to volunteering in care homes and homeless hostels, the pupils also participate in a general studies, life skills and leadership programme, part of which is in partnership with St Paul’s Girls’ School.
Supporting Local, National and International Charities PAULS4ALL Pauls4All encompasses all the pupil-led initiatives for the benefit of others. The Pauls4All Charity committees exist at both St Paul’s School and St Paul’s Juniors. They are led by senior pupils in both schools and help decide which charities to support as well as organising fundraising events, working with fellow pupils. They aim to encourage broader awareness and understanding of the needs and challenges of others on a local, national and global level, while also providing opportunities for leadership and collaboration.
Building Awareness for Bursaries At St Paul’s Juniors, pupils are actively encouraged to give their time and energy. Each year, the school chooses one main charity for which the pupils raise money through events throughout the year. The main event is the biennial ‘3x3 Challenge’ which encourages pupils to raise funds over three weeks using an initial £3 donated by the parents’ committee along with their entrepreneurial skills and creativity. In 2019, this initiative raised over £17,000 for FiSH, a local charity which combats loneliness and isolation in older and vulnerable people in Barnes, Mortlake and East Sheen. St Paul’s Juniors also has a long-running commitment to support Hammersmith and Fulham Foodbank.
Part of our Shaping Our Future campaign is a desire to reach more pupils who could benefit from a St Paul’s education but have either ruled it out for financial reasons or are unaware of the bursary support they could receive. The Kusuma Trust have kindly agreed to support this area of our work and we are very grateful to them. A communications plan has been approved for reaching potential bursary pupils and increasing public awareness of the bursary provision at St Paul’s.
The Shaping Our Future campaign to date has raised ÂŁ128,000 pledged over five years towards the Schools Partnerships Programme
ST PAUL’S SCHOOL
Community & Philanthropy Report May 2020
BUILDING TO INSPIRE The majority of this year’s fundraising efforts have been focused towards our bursary campaign. However, we have recently seen the fruition of the support and work of the last ten years with the completed rejuvenation of the Senior School.
The grand opening of the final phase of the Renewal Campaign took place on 10 March 2020. The building provides a new atrium, chapel and secular hall, a new Montgomery Room opening onto Founder’s Court, pupil changing rooms, 20 classrooms and offices for professional staff. This brings to a close the main redevelopment of St Paul’s Senior School which cost £114m, financed from a combination of donations and legacies, a generous donation from the Mercers’ Company and some private funding and school funds. Thank you to all of you who supported the re-development campaign. An extremely generous anonymous donation has allowed us to buy a custom-made interactive periodic table for our new science block. This vast, wall-mounted display houses samples of the naturally occurring elements. It provides an excellent learning resource, designed to engage all, regardless of their age or level of scientific knowledge. The illuminated, interactive installation is visible from Founder’s Court and looks spectacular after night fall.
ST PAUL’S JUNIORS SPORTS PAVILION In 2016, a fundraising appeal was launched to replace the inadequate sports pavilion with a more substantial building, providing a sizeable public reception room, new changing rooms and terraces with views over the playing fields. The new pavilion will also become a venue for many of the school’s partnership initiatives, including our holiday programmes for local children, offering a range of sports and life skills activities. The build target of £1.125 million was achieved thanks to donations of £420,000. Thank you to the three families whose generous support made this project possible. BOATHOUSE AND SENIOR SCHOOL PAVILION Supporting the development of the facilities at St Paul’s was the critical focus of our historic fundraising. In our new campaign, the emphasis has shifted substantially towards bursaries and partnerships, but we have also made provision for those members of our community who have expressed a desire to support buildings. Our focus now is how, as a community, we can support the wider development – use and sharing – of our facilities.
The reconstruction of the senior school has regenerated our academic, drama and music facilities. Still, we also need to consider our sporting provision, and our ability to host our community and create income streams by making such facilities available for external hire. The two buildings most in need of urgent replacement are the boathouse and the senior school pavilion, both CLASP buildings. Their replacement is not funded within the school’s own financial projections. We have begun the process of seeking planning permission for the senior school pavilion and intend to submit an application and hopefully secure the permission in the next academic year. This means that, if we secure the necessary funding, we would be in a position to commence construction sometime in 2021. Plans are currently being drawn up for the proposed boathouse; we are looking forward to consulting within our wider community and starting a focused fundraising appeal when the external environment is conducive. We have pledges of £1,258,385.00 towards the new pavilion and £14,425.00 for the boathouse.
ST PAUL’S SCHOOL
Community & Philanthropy Report May 2020
INCOME AND EXPENDITURE Annual Income
Annual Expenditure
In 2018/19 school fees accounted for 84% of the school’s total income. Fundraising contributed £2.9m following the launch of the Shaping Our Future campaign. The school’s trustee, The Mercers’ Company, contributed £3m towards the building Renewal Campaign as part of a total donation of £30m which is being paid annually over ten years from 2010 to 2020.
Staff, operating, trading, fundraising, finance costs and depreciation account for 82% of the total yearly costs. The school provided £3m to the Renewal Campaign, matching the funding provided by The Mercers’ Company, which is a condition of their generous donation. £1.4m was paid by the school out of income to fund bursaries, with a further £1m being provided from restricted fundraised bursary funds. Retained surpluses will be used to fund other future capital expenditure and maintenance of the school estate. Now that the new senior school with its excellent facilities is finished, we will be introducing a new strategy for extended commercial enterprises (out of school hours) in 2021. Our aspiration is that this will provide additional income to support those bursaries awarded at less than 75% of the full fee. The majority of over 75% bursaries are supported by fundraising.
Income: 2017/18 – £38.8m
Expenditure: 2018/19: £42.8m
2017/18 – £38.8m
2017/18
2018/19
87.7%
83.9%
8.1%
7.1%
Fundraising
3.3%
Investments
0.6%
Trading
0.3%
0.6%
Fees and Extras Renewal Fund
2018/19: £42.8m
2017/18
2018/19
Staff Costs
53.5%
51.4%
Other Operating Costs
19.5%
21.3%
6.7%
Renewal Fund
15.8%
14.1%
1.7%
Depreciation
5.8%
5.9%
Bursaries
2.9%
3.4%
1.7%
0.5%
0.8%
3.4%
Retained Surplus Trading / Finance / Fundraising
Balance Sheet
The school has a strong balance sheet, with total reserves of £113m on 31 August 2019. £107m is represented by capitalised buildings and other assets that cannot be realised. The majority of the school’s restricted bursary funds are held as investments in equities and funds with Waverton Investment Management Limited and Rathbone Investment Management Limited. Cash not required for the school’s immediate operating and project needs is invested in term deposits.
Summary
With £50m of long term debt funding secured, plus the donations from The Mercers’ Company being matched by the school, we are on track to complete the next phase of the renewal, which will include the rebuilding of St Paul’s Juniors during the next decade. This will complete the delivery of world-class school facilities for our community for the next 50 years and beyond. The school does not benefit from large endowed bursary funds, recent efforts have seen £5.1m of endowed and restricted bursary funds built up as at 31 August 2019. Therefore, it is critical that our fundraising continues to be successful and sustainable if the school’s ambitions are to be achieved.
John Colet’s Endowment It is well known that St Paul’s School has been built on a history of philanthropy and John Colet, our first benefactor, founded his free school to educate 153 boys with a generous endowment. This meant that until the Second World War St Paul’s was one of England’s wealthiest schools. What is less well known is that his endowment was invested mainly in low-cost housing in Stepney. Sadly, this was extensively damaged in the Blitz and was subsequently acquired by compulsory purchase for a derisory sum. As such it is the generosity and support of our Old Paulines and parents that allows us to ensure that we can continue to offer the very best facilities and attract and retain the very best teachers and pupils.
ST PAUL’S SCHOOL
Community & Philanthropy Report May 2020
THANK YOU We would like to offer our sincere thanks to all those Old Paulines, current and former parents, staff, friends of St Paul’s and trusts who have supported our fundraising efforts over the past year by making a gift or informing us of their intention to leave a legacy. In our last report, we aspired to list all of our benefactors who had given to St Paul’s since 2008. This list recognises those who have donated to the Shaping Our Future campaign and qualify as members of one of our philanthropy circles. It is correct to 1 March 2020. Please do advise us if we have mistakenly omitted your name and if you would like to be included in future lists, or if you have a query around your philanthropy circle. We will happily rectify any errors. We would also like to thank everybody who has recently given to our more bespoke campaigns, such as the Firefly Racing Team and our Aquatics Team. To everybody who has given, pledged or is planning a gift or a legacy to St Paul’s, including all our donors who have chosen to remain anonymous, thank you.
The Leadership Circle Sir Lloyd Dorfman CBE (OP) & Lady Dorfman Alan M Rind (OP) The High Master’s and Founder’s Circle Tom Adeyoola (OP) Tarek & Basma AbuZayyad Clive & Marjorie Bannister Lyall & Candice Cresswell Michael & Blake Daffey Viscount Gael & Viscountess Shannon Ferrand De Boissard De La Rigauderie Lloyd & Rola Gordon Bruce Greenwald (OP) Harry (OP) & Rachel Hampson The Hannam Family Stuart & Jo Harray The Hepburn Family Nitin Jain (Kusuma Trust) Madina Kaztayeva & Aldiyar Kaztayev Javad & Narmina Marandi The McLain Foundation Callum & Vanessa Mitchell-Thomson The Modiano Family The Moretti Family Fergal & Victoria O’Driscoll Edwin Pomeroy (OP) Stuart & Joanna Riley The Sartori di Borgoricco Family Guy & Maura Saidenberg Joseph Schull & Anna Yang The South Square Trust Dr Christoph & Pamela Stanger Tim & Helen Throsby Julian & Rachel Tanner Jasper & Francesca Tans Andy Williams & Jo Danin
The Erasmus Circle Stephen Baldock (OP) (High Master 1992-2004) & Janet Baldock Lord & Lady Bethell Geoffrey & Beverley Blanning Gennadiy & Sofiia Bogolyubov Evan & Claudia Breibart Ivan Capriello & Mariela Pissioti Sean & Mimi Carney Tom & Emily Daniel Riyad & Karyn Daud Jeffrey Day (OP) David (OP) & Charlotte Dewhurst Martin Diaz Plata & Lucia Diaz Pascual George Embiricos (OP) Magomed Galaev & Dr Anna Zelkina David & Eli Gardner David & Victoria Gillard Jason & Katinka Gissing Marc & Katie Goldberg Kjetil Gronskag & Helene Odfjell Tim & Stephanie Hunt Blair & Amanda Jacobson Stephen Jones & Katharine Barnfather Karim & Sara Khairallah Thomas Knott (OP) Brian Lau (OP) Davide & Federica Leone Jeffrey & Nicole Lewis-Oakes Lord & Lady Marks of Broughton Paul McGuire & Natalie Fredericks Andrew & Evgenia Menounos Olivier & Linor Meyohas The Old Pauline Masonic Lodge Stephane & Marina Nahum Reid Perper & Maria Clara Tucci Gabriel & Muge Ponte Gary Powell & Sarah Wilson Olivier & Emmanuelle Rio
David & Shirley Rollitt Arash Sadighi & Suraya Chabarek Julien & Amanda Sevaux John Stephenson (OP) Alistair (OP) & Kerri Summers Duncan & Kate Tatton-Brown Ruaraidh & Emma Thomas Owen Toller Barry & Louise Vitou Mike Whitton (OP) Jeremy Withers Green (OP) Martin & Elisabeth Wiwen-Nilsson Jeremy & Susy Young Kenneth & Jane Young John & Sue Zealley Ansgar & Annette Zwick The 1509 Society Named to honour the St Paul’s School founding year – is for members of our community who donate over £500 a year or regular gifts of up to £5,000 per year to the Shaping Our Future Campaign. Colin & Juliet Aaronson Chauffeur Academy Raheel & Lindy Ackrim Richard Allan (OP) Faisal Ansari & Zara Jamil Saravanamuthu & Vanathy Arunan Khalid Ataullah & Mariam Abedi John Axford (OP) Pia Bahri Professor Mark Bailey (High Master) Robert & Neha Bailhache Bernardo & Cinzia Bailo Andrew Bainbridge (OP) David Baker OBE (OP)
Pervaise Khan & Nabeela Bari Adrian Barnes CVO DL (OP) Peter & Linda Barwick Jüergen Bauer & Esra Turk Bauer Caroline Bault P Beck Pankras Beekenkamp & Mariska Beekenkamp-Wladirmiroff Serkan & Jacqueline Bektas Keith Bell (OP) Omar Ben Halim (OP) Avram Ben Simon David Bennello & Wendy Becker Geoffrey Ben-Nathan (OP) Mark & Grace-Mary Benson William Beverley & Catherine Cooper Michael & Celia Beverly Sumant & Pamela Bhatia Christopher & Angela Birkle Nigel Rogers & Karen Bizon Philip Blow (OP) Dr R Boase Jakub Bojdol (OP) Alexandra Botos Alec Bound (OP) George & Corinne Boutros Stephen & Marion Bower Charles Boyd & Isabel Taylor Mr & Mrs Bradford Professor Stephen & Lucy Brecker Asa Breuss-Burgess (OP) Noah Breuss-Burgess (OP) Alexandra Brewer David Brisacher (OP) Jeffries Briginshaw & Dr Monica Sah Andrew Briski (OP) Nick Bromwich (OP) Sebastian & Irene Brooke Andrew & Renee Brown Nicholas & Susan Bubb Alex Burtenshaw (OP) Mr & Mrs Cahill Philip Camble & Eleni Iacovides Stephen Crampton & Tracey Campbell Gregory & Franceska Caplan William Carroll (OP) David Cartwright & Nicola Moretti Ariff Castronovo (OP) Carlo & Marina Castronovo Gordon Cawthorne MBE (OP) & Judith Mary Cawthorne Philip & Susanna Cheal Jonathan & Sandra Chesebrough Pietro & Luciana Chiesa E Choi Kevin & Wynne Chong Muminur Choudhury & Farida Mustafina Adam Clark (OP) Richard Clarke David & Alison Clausen-Thue Christopher Clayton (OP) Sir Michael Codron CBE (OP) Garry & Annabelle Colligan Tony Conway (OP) Joao & Maria Cotta Saraiva E Silva Edward & Lucy Cotterell David & Elizabeth Coughlan Bruce Cryer (OP)
Charles & Elizabeth Cubbon John Cullinane (OP) James Cuming (OP) Josephine Dallal Pamela Dalton & Clive Bidwell Hadi & Maha Damirji Patricia Darke Lalit & Suzanne Das Maneksh & Rita Dattani Andrew & Vanessa Dausch Bruce Smith & Deirdre Davidson Gavin Davies & Alison Bellwood George & Akemi Dawson Gaya De Alwis Julian Deering & Miriam Gray Richard Deitz & Marina Nacheva John Dennis (OP) & Joan (Former Parent) Dennis Simon Dennis MBE (OP) Navin Desai & Dipali Devaskar Olayinka Dixon Thomas Dodd & Catharine French Jean & Chrystel Dominjon Hong Dyer Paddy Earnshaw John East (OP) Professor Andrew Eder (OP) Peter & Stephanie Edward Rabih & Ghada El Hage Andrew & Louisa Elder Mark Elliott (OP) John Ellis (OP) Rob Engel (OP) Michael & Sandy Engelbach Julian English (OP) Sir Terence Etherton (OP) Amanda Evans David Evans (OP) Richard Evans & Sara Fooks Hugh & Alev Eveleigh Sir Brian Fall GCVO KCMG (OP) Andre & Rita Faria Lord & Lady Faulks Robert & Catherine Fernandez Nikolay Fetisov & Elena Pishchulina Michael & Ileana Fidance Nick & Fauziah Firoozye Mr & Mrs Firth Hugo Fleming (OP) Nigel & Nicola Forsyth Kenneth Fowlie & Meredith Forby Roger Freathy (OP) Piers Freke Evans (OP) Roberta Furcolo Oliver & Carol Gardey Adi George (OP) Surendra & Hemlata Ghantiwala Luca & Camilla Ghislanzoni Richard Girvan (Surmaster) Stefan Glänzer & Uta Glänzer - De Veer Michael Gleason & Michelle Moriarty Cliff Godfrey Richard & Susan Goldstein Alan Goodridge Amol & Trupti Gore Eugene Gorelik & Victoria Mullin Gorelik Taras Gout (OP) Grateful Foundation Scholar (1950-55)
Richard & Jan Grandison Roger & Silvia Gray Brian Greene (OP) Martin Griffiths & Susan Burden Griffiths Toby Grimstone Serge Guevel & Shahrzad Tehranie Ravinder & Anindita Gupta Alexander & Alexandra Gutina Michael & Isabel Hammond John Hampton (OP) S Hanney Christian & Alexandra Hansmeyer The Harandi Family Peter & Francesca Harden Simon Hardy (OP) Stuart Hardy (OP) Michael Haringman (OP) Thomas Harray (Pauline) Syed & Shumaila Hasan Nigel Hatfield (OP) Charles Hawes (OP) & Elizabeth Kelly Edgar Hawkes (OP) Hilary Haydon (OP) Robert Head (OP) Bruno & Alisha Heese David Hempstead Giles & Laura Hitchcock Jesse & Eliza Ho James & Katherine Hogarth John Holder (OP) Graham Hollins (OP) Penny Holmes Henning & Martine Holter John & Christina Honsinger Stephen & Tamsin Hopkins-Powell Stephen & Sharon Horley Timothy Horlick Mark & Fiona Horncastle Semlinco & Aicha Hountondji Alexander Howard (OP) David H Howell Derek Howorth (OP) John Huard (OP) Gareth & Beata Hughes Robin Humber JP (OP) Christopher Hunt & Nona Liang Reu Ildefonso & Maria Bautista James Innes & Natalia Shand Matthew & Jennifer Isotta Henry & Stacey Jackson Ghalib & Gail Jafferji Rosemarie Jahangir Bruce & Joanna Jenkyn-Jones Jeremy & Sarah Jensen Cyrus Jilla (OP) Kyle Johnston (OP) Brian M Jones (OP) Stephen Jones & Katharine Barnfather Thomas & Anita Jones David (OP) & Denise Joseph Mark & Susan Kalderon Omid & Kimya Kamshad Neil Kaplan CBE QC SBS (OP) Yalin Karadogan & Oya Tabag Karadogan Alexei Karavaikin & Elena Plotkina Barbara Karayi Mark & Claire Katzenellenbogen
ST PAUL’S SCHOOL
Lucian Ion & Angelica Kavouni Ion Anwar & Haleh Kawash Vijay Kawauchi Ralhan & Megha Ralhan Jonathan & Belinda Kembery David Kemp (OP) Mark & Kate Kenny Stephen QC & Aida Kenny Pervaise Khan & Nabeela Bari Pat & Jill Kiernan Benjamin King (OP) Peter King (OP) Adrian Kirby (OP) Henrik & Karin Kjellberg Mike Knowles & Patricia Creedon Egmont & Kathryn Kock Jan & Julia Koeppen Richard Koppel & Danya Gluschove-Corby Alex Krasnic (OP) Chris Krishanthan Vivek Kumar & Deepali Agrawal Jennifer Kwakye Dominic La Hausse de Lalouvière (OP) Xavier Lamy Nick Land Paul Lande (OP) Michael Lavington & Nora O’Mahony Richard Law Sebastian Lazareno (OP) John Leeson (OP) Michael & Helen Lehmann Willliam Lehmann (OP) Adam Lewis & Beate Mjaaland Mark & Sophia Lewisohn Deyuan Li & Fei Gao Yunxuan Li Zhangbo & Na Shi Yinan Xiao & Ella Liang Graham & Elizabeth Light Ho-Shik Lim & Hye-Youn Lee Richard & Jasmine Lister Jindong Liu & Ying Zhang Alric Lobo & Hind Diouani Arthur Dennis Long (OP) Antony Longland (OP) Nicola Lovell Richard & Susanne Lowish Frederick (OP) & Trixie Lucas Edward & Lucy Lynch Jonathan Ma (OP) Suk Ma Crispin & Charlotte Maby Suzanne Mackenzie Alan Maclean & Jo Corkish George Macpherson (OP) Charles Madge (OP) Manuel & Sally Magalhaes Partick Magill & Sarah McKeigue Daahir & Ifrax Mahamoud Kieran (OP) & Nathalie Mahon Robert Mirsky & Danielle Maiorano Minhaz & Sonia Manji Julian Manyon (OP) Nigel Marks (OP) The Honourable Michael Marks (OP) Professor M & Dr A Marmot Alex Martin (OP) Charles Marwood (OP)
Community & Philanthropy Report May 2020
Nigel Maslin (OP) Louis & Angela Massey Paolo & Elisabetta Massi Karim Mattar (OP) David May (OP) Maria May Andy Mayfield Jason & Nicola McAleer Usha McAndrew Douglas McCallum Kenneth & Carol McFarlane Philip & Christine McGuinness (Hon OPs) Bruce & Nola McInroy Peter McKie (OP) Alain McKinnon (OP) Judith McLaren Hugh McMichael (OP) Jonathan Mellor & Fiona Rice-Mellor Carlos & Alessandra Menendez Simon Merchant (OP) Peter & Gurcharan Merton Cyrus & Behroz Mewawalla Alexander Michaelis & Susanna Parry Michaelis Borut & Irina Miklavchich Robin Mischeff (OP) Tim Morland Sarah Morris Basil Moss (OP) Roger Moulton (OP) Marjan Mudan Oliver Musgrave (OP) Jules & Bridgitte Musoki Graham & Rosie Nash Quentin & Dana Nason Patrick Neate (OP) Nicholas & Fiona Nelson Partha & Sayantani Neogi Christopher & Caroline Newsholme Jeremy Newton (OP) The Niedringhaus Family Amit and Virginie Nigam Nathaniel (OP) & Serena Norgren John O’Brien & Jamie Lehrer Nicholas O’Donohoe & Stephanie Barwise Robert O’Dowd (OP) Michael Offer (OP) Oluwatimilehin Ogunbanwo John Olbrich (OP) Richard Oliver Felix & Trudie Omondi Richard & Lynne Onslow Padraic & Henrietta O’Shea Rory & Francesca O’Sullivan Andrea Orlandi & Linda Wei Daniel & Joanna Oudkerk Sir Duncan & Lady Ouseley William Palmer (Pauline) Hugo & Avril Parson Peter & Mary Ann Pashigian Amish Patel (OP) Mr J & Mrs Aruna Patel Preetam Patnaik & Arpita Das Ann & Inigo Patten Akhil Paul (OP) John Payne (OP) Jonathan & Katherine Peachey
Joseph & Laura Pedlow Dominic & Kate Perks Jonathan & Lynnette Perry Mr Perry Robert Peters (OP) Cosmo Phillipps (OP) Bob Porter (OP) Alison Post Dr Robin & Adrienne Powell Matthew Preece (OP) Hao Peng & Xue Feng Li Martin Price (OP) Christian Puritz (OP) Rupert Puritz (OP) Gareth Quarry & Jill Whitehouse Ravi & Abi Ramanathan Somasundaram & Indrakumari Ramanathan M G Reed Douglas & Vanessa Reith Lord Renwick of Clifton (OP) & Lady Renwick Geoffrey Richmond & Lida Cepuch Michael & Elif Ridley Andrew Riley (OP) James Ritchie (OP) George & Fiona Rivaz Charles Robinson & Eunjung Chai Alan Robson (OP) Chris Rogers (OP) Mrs Virginia Rose Stephen & Roberta Rosefield Clive (OP) & Matt (OP) Ross Richard & Mei Ling Routley Robert Sadotti & Viveca Tempo Guy & Maura Saidenberg Peter Saunders (OP) Vanessa Scott Patrick & Jacqueline Sellers Harsh & Sneha Shah The Shanbury Charitable Trust Maxine Shaw (Head of St Paul’s Juniors) Andrew Sheer (OP) Rajiv Shukla & Archana Sarma Amy Si-Ahmed Riccardo Sicheri & Doriana Russo Anne-Marie Simmons Amrinder Singh & Pooja Juneja Chandan & Rashmi Singh Shanker (OP) & Mellicent Singham Max Baghai & Amina Sirry John & Rowena Skoulding Ellie Sleeman Alan & Joan Smith Geraint & Philippa Smith Keith Smith TD (OP) Robert (OP) & Johanna Smith Nicholas Snee & Philippa Gravestock Daniel Snow (OP) Nicholas Springer (OP) Anthony Stadlen (OP) Michael Stepan (OP) Peter Stevenson (OP) Giorgio & Laura Stock Nigel Stockwell (OP) Christopher Stokes (OP) Peter & Gersende Stoll Simon Strauss (OP)
Bill & Louise Street Ned Summers (OP) Mark Swartzentruber & Dr Mary Bradbury Xiaochen & Wenxian Sun Gregory Suter (OP) Stephanie Tam Ichiro & Kristi Tange Raffi & Alice Tanielian Sudhir & Rekha Tanna Maurizio & Vanessa Tassi Steven & Ruth Tatters Benedict Thomas (OP) David & Elizabeth Thomas Mark & Ann Thomas Dr Alwyn Richard Thompson (OP) Jianchao Tian & Lihua Hu Jeremy & Ruth Tigue Michele Tinker James Torrance (OP) Roger & Jennifer Tredre Oliver Twinch & Laura Liede Harsha & Anubha Varma Christiaen & Nathalie van Lanschot Arvind Vashisht & Dr Isabel Pigem Philip Vavalidis (OP)
John Venning & Shahied Abrahams Thomas & Anne-Laure Vergnaud Charles Vermont (OP) David & Sabena Viles Vincent & Kyung Voeten Thomas Von Plehwe (OP) Christina & Janina Von Sanden Ellis Walker & Charlotte Weir Michael Walker Johannes Waltz & Palasri Waltz-Guha Dr Zhijiang Huang & Mrs Ting Wang Mr & Mrs Warder James & Judith Waring Simon & Charlotte Warshaw Timothy & Fiona Webber Toby & Elizabeth Websper Robin & Hazel Wedderburn Ellis Walker & Charlotte Weir Mark & Sandrine Westcott James & Alison Whale Gareth & Alexandra Whiley Richard Whittington (OP) Mike Whitton (OP) Jonathan Whybrow (OP) Richard Wilcockson (OP) Anthony Williams (OP)
How you can help The school welcomes all types of contributions from the community. From volunteering at events to offering career guidance and support to pupils, to the gift of a donation, large or small. All donations help to provide the school with the flexibility to fund as many full or partial bursaries as are needed each year, as well as other projects. If you would like to help, please visit the website at stpaulsschool.org.uk for more information, or contact Ellie Sleeman, Director of Development and Engagement, on ems@stpaulsschool.org.uk
Edward Williams Christopher Willis (OP) Julian Wills & Nupul Wills Geoffrey Wilson (OP) Ian Wilson (OP) Robin Winkworth (OP) Alan Winter (OP) Dr Wolf & Gita Wolfsteiner Jonathan & Jennifer Wood Mr & Mrs Woods Francis Wright (OP) John Wright (OP) Jason Yardley (OP) Barry Yin & Jacinta Yeo James Young (OP) James Yu & Megan Ouchterloney Li Yuan Morris Zelkha (OP) Chunyu Zhang & Mei Liu Olav & Susanne zu Ermgassen The Colet Society Thank you to all those members of our community who have indicated they are intending to leave a gift to St Paul’s in their will.
stpaulsschool.org.uk St Paul’s School is a charitable company, limited by guarantee, registered in England. Registered office at Lonsdale Road, London SW13 9JT. Registered Company Number 6141973. Registered Charity Number 1119619. © St Paul’s School, 2020.