Set up in 1972, the Trust redistributes income from a substantial capital fund to benefit members of St Paul's School in Barnes and the Old Pauline Club (St Paul's Alumni Association). Awards are made to individual Old Paulines undertaking worthy projects world-wide. The Trust also finances annual awards and prizes for current students at the School and provides occasional support for School sports tours or other ventures. Old Pauline affiliated clubs (e.g. Rugby, Golf, Cricket and Football) benefit regularly from Trust support.