FIRSTCIIURQ'H OTr, CHRlS'f, scIEr[sT, DORKINC, YURREY Registered c.harity N'o: 1003091 REPORT OF THF. TRIISTEES AIYD F'INANCIAL STATF.MF.NTS FOR THE YF,IR ENDED 31 DEI C'.E.NqBER 2024 Cheeld Wheel¢r & Co CharteTed C'ertified Accountants Redhill C'hambu5 2d High Street Redhill Surr¢y RHI IRJ
FIRST CHISRCH OF CHRIST, SCIENTIST, DORKING TRI:,STEES' REPORT FOR I'HL YEAREND.ED 31 DECEMBER 2024 REFERENCEAI%DADMINlS"fRATIVE DETAILS The cliarity is a Registered charÈty' N'o. 1003091 and its addr¢ss is l M(M)res Road, Dorking. Surtey, RH4 2BCT. lThe charity's principa] advisers during the year were., BANKERS Lloyds Bank plc Epsom 64 High Street Epso Surrey KT19 8AT INDEPENDENT EK4MINER r)avid SA.l)eeler fccA Cheeld W'lieeler & Co C,hartered L.eitified Accountants Redhill C.h&nbers 2d High Street Redhill RIII IRJ INVESTmr1ANAGERs CC,LA F-lmd ,Managers One Angel Lane London F.C4R !AB TRUSTEES "I'he 'J'rustecs who hav¢ scr¥'ed during the year and since the year end Th'cr¢ as follow's". Mrs S F)akin-While- Chair and Trcagurer NIT .liilian Simpsun -_ chairm - r¥4iLvned l .Tdn1i 2025 Mrs Susan Wildbur- resigned l Jwiuary 2025 Nli's Enllna Bekkei. _ appointed l Jalluary 2025 Mrs Francesca Siinpson - apwinted l January 2025 "I'he 'lTUStees are pleased to present their report, together with the fiiiancial statements of th¢ charity. t-or th¢ vear ended 31 Decembei. 2024. 'I'he financial stttternents ha¢ been prepared in a¢coi'dance with the Accounting and Rep)rtinB bv Charities: Statement of Reended Practice applicable to charities preparing their accounts in accord1¢ ii'ith the rinancial Reporting Si&idard applicable in the U'K and Republic of lieland publisli¢d in October 2019. United Kingdom Accounting Standards (United Klllgdn G¢n<¥ally A¢c¢pt¢d .4ccowiting Practice) alld with the r¢quiiem¢nts of lh¢ Chi]fiiies Act 2011.
TrIRST CHIIRCH OF CHRTST, SCIEliTIS'I. DORKtNG TRIISTEES, REPORT FOR THE YEAR EP4DED 31 DECEMBER 2024 Foundation: -li¢ lothu CliurLlI, file F'llst Tlic Cliurcb, wiiiknn fonned in 19JO. r¥cogllized as a bil[1 VL L C,hurch ol'C.hrist. Scientist. in Boston. Mass, USA on l Jun¢ 1950. The c.hurch is deinocratiL and run bv the Munbers and the Board accordanc¢ willi the (Thui'cli Nlanual of Thc First Church of Chris¢ ScientisL in Bostthi, Mass and its own C'onthtution And Rules. Prxncipal Object: The C.liurcli's object fts to n]aintain and spiead the I'ruth as scl forth li) the Bible and intcrpreted in the (:hrislian Science textbook "Science and Health with Key to the Scriptures" by Mary Baker Eddy, the Discovei'er and Foundcr of Chrisliwi Science. Review of Financial Manfigement• The total g¢n¢TaA incoine for tlic year aS £429,011 (2023 - *652,27Q), of which £404,239 from grants to pay for the redevelopinent of the church building. The ¢xp¢nditure was £53.797 (2023 - £105.445) and £758,570 (2021 £286,761) was s7)ent on tlie Tedei'elopmeiit of th¢ chui'¢li buildllig. At 31 ht Decembei. 2024. IliL ehurch had llrrrestricted general 1]dS of £265.58? (902.1- £291.977) and re4tricted funds of £1,077,3DO, {2021-£633,061). Summary of Activities: In planning the actiiities for the )'ear. Ive k1 in mind th¢ Lharity C.on]mi5sion's guidance on piiblic b¢ncfit. Th¢ ChurLh lield regular services on Sunday nioiniiibis and T¢sliiiiony Meelings on W¢dn¢sday eveninbvs. In addition, a Thanksgii'ing Savice was held in November. Services includ¢ r¢adin8s from the ljible and Lhe Clii'i¥liaii SLieni¢ t¢xtbu()k, 'SLienL< and H¢aiih with iv ili¢ Scripiui'¢b .4t the Testimon), Meeiin¥8 and 'fiianksbv ji'ing SeiiyiC¢ nimbers of tl)e cong)regatioii share healings, remarks and ¢xp¢ri¢n¢¢s I'esulling froin their %tudy and practice of Chiistian Science. All tlie s¢ivices and Tebtimons, Meetings w'e open to everyone in the local coinmunity. I Iiere 18 a Sunday School which me¢ts al the sam¢ liiT)e as the lnonii1 8erviG¢ on a Sunday, This IS OPCiI to all young p¢ople up to tli¢ age of 20 and Pro]deS an opportunity for them to Jearn how to apply Biblical teachings to their moral, social and health challenges in daily lile. We re8ulaYly have three children artending our 'in person, Sunday School. Access to OUT services. meetings and Sunday School contiiiued to be made available via Zoom to thos¢ who weye not able to attend in person. The church services. Siinday School (d Reading RooiTR hai'¢ continued to tak¢ place at St Mi¢ha¢l's Cliurcb of England Infant School, Mickleham whilst the church building has been redeveloped. The redevelopment continued throughout 2024 with the Trustees tak.iJ)g posss1o from thc builder ME&C CreatiTr'c Ltd on the 13th Dccember 2024. The Lhurch rcdcvelopment is bcillg financially support¢d by tw'o Cliristian Science chaTities. The ('hristian Trust in CJr¢at Rritain (Trust Brit). and The Westminster Fund. Invoic¢s from th¢ buildijig ¢onirdCtor up to the value of £404.239 have been reimbursed by tlie8e haritie< dllrmt 4) ?Ll?4. There was a Reading Rooin adjoining the Church which was open to all manbers of the commiinity until ,lugust 207• Sinco Tracatmg th¢ ¢liuNh building, w¢ contiiiue to maintain somc of diL sLriiLLs of the ReadiJi8 Rooiii at our ineeliiigs wjd S¢iViCknS iii uur Iciiipoiwy accol110datio1i. Atteiid¢¢s can pwrli4L8¢ Ckuistt'an Sciumce pldical$. books ld otlier literature.
FIRST CHITRCH OF CHRIST, SCIENTIST, DORI(ING TRI5STEES' REPORT FOR THE YEAR LNDED 31 DFCEMBER 2024 continiied The churLh held u publil leilure oil ih¢ 7th ,4pril ?024 at st fvlichael's C"hurLh of l.nbvland Infant School. N.liEkleh¢W). 'fhL l¥cturc w'as crttiiled ' Cal) Spiritual l)erception Briiig Hcaliiib. and w'as givcii b}, ,XILx Tlic Chiirch Floard Inembeis PTovide excLulive sffl'ilice lo the Church. pasto171 care for the Lhurch family. ld otTLT pfiiyerful siipport. Meinl)ers of the C_'hurcli volunteer on dll the coiiimillees whicli cnntrihute t() tlIL runiiiiig of the I"hurch. Thcsc tasks inLliidL opcr¢?tiii&v Ihc Readiiig Rooiii for the publil. a¢linb) as Lisher8 greetiiib the LongregFaljOTI at SLI'i'ices, conductiiigy tlie serviLe& teaLliin&v in the Sund<iy Sch1 aiid othcr (ithninistration roles. We are holdinbw a restriL1ed flind of £118 'hICh hiis a rLquireiiieiit that the inuiiL)' bL iis¢d to sui)port youii pLpIL of forum ag7c ( I1.?5) who attcnd tlie C'liurch iii SueY or whc) arL inl¢rested in ("liristlcin SLien¢o Id lii'L iii il)e cliui'cli loLality'. to enable tlieiii to be iiiN'oli'Ld in lIN.1t1es related to c11$t1¢ S¥iLnLL. Statement of the Board's Re$ponsibiltties: 'I'hL illLTiibLrs of11)e r.xeculiiie Board are also the Charity .1 riistLeS ol. the ('liurch. 'The -I'ru%tees do iiol receive any r¢iiiunerdtion fi)r tl)eir seiTr'ices to ilic Charity. Tnislecs ar¢ elected trom tlie meinbers of the churih at thc Noiicinbcr Members. meeting eaLh y. lo serve a Inaxinium ot"3 years consccutively in alLord<e With i.lic Conslitution and Rules. The I rustees rL'sponsiblL for kLLpiiig proper accoui)tin&v records. w'hich disclose with TOnable dLLuracy' at anv tiniL. Ihe fiT)aiicial positioii ot. tlie ('7iuich. "I'liev ar¢ dlso rcspoiisible t"oi' safegvUdinp tIIL asset8 ()f the (.'hurLh and hence for tliking reasonablL steps for ihe pr,entIOn and dclLLtion of. frrf2ud aiid othLr irr¢*¥¥ulHnti¢s. Inveqtmcnt Polif ies: Under ihe Tiiist D¢cd. thc Churlh lias Ihe power to Inake y inN'estmcnts il SL'CS fit. Reseri'e PDIi¢y: Thc rcberi'es policy of the Cliurcli is to In<llllt21 in fviids ut a sisffiLicni ILI'CI to ensure that it c( continuc to nieet its objectives in tlie commuiiiiy in w'hi¢h ir op¢rates foi- tl)e forese¢¢ibl¢ fulurL. Approval: The report of the Trustees was approved by the Board on 2151 A 45F Z&iy signcd on their behalt'by akin - White (Chaimian)
FIRST CUIIRCU OF CHRtST, SCIENTIST, DORKING INDEPENDENT EXAMINLR'S REPORT TO THE TRUSTEES O TIIE FIILST C'HIIRCH OF CHRIST, SCIENTIST, DORKING I rvport to thc trustees on m}2 examination of the accounts of th¢ First Churcli of ('hrist, Scientist, Dorking foi. Ihe year ended 31 December 2024. Responsibilities and b8918 of report As the trusiees of the church. you are respollsible for the preparation of the accounts in accOrdl¢e wilh the requll'ements of the ChltieS Act 2011 ('Ilie Act,). I r¢pori iii resp¢¢i of m)T examinatiOD. of the churLh's accL)Illlts a5 required linder section 145 of the ?nl I Act wid iii carrying out my exaniination I followcd all the applible Directions given by th¢ Cliajity Commission under section 145(5)(b) of the Act. Indepeodertt ex#thiner'$ *t•temettt As the Chity'S gross income exc¢cds £250,000, th¢ cxwJJiner must be a member of a lisled by. I can confllin rhai l am qualified 10 iindenake Ihe examination because l am a inen)bpJ of Ihe A88ociaiion of Chartered Certified Accountants, which is one of the lisied bodies, have coinpl¢tcd my examiiiatiott. I coiitii'in that no inaterial matters hav¢ come to my attention in conn¢clion with the examlnation giving me cause to believe that in any material respect.. Accounting records were nor k-ept in respect of the church as required by s¢Ltion 110 of the Act; or Thal accounls do nol accord with those trcords. or That accoiillts do not comply wilh ib¢ appli¢abl¢ requirffinent4 concerning the form and content of accoiints SLt oiit ill the Chariti¢s l A¢¢oiiiits ld R¢ports) Regulations ?()08 other the requirement that the accounts giN'e a 'tnie and fair view. whicli is not a matter considered a5 part of an independ¢nt examination. I hai'e nu wnicrns and have wm¢ across no Oth matters iii knonnection with the examination to which attention should be drawn in this report in ordcr to endblL a propcr understwiding of tli¢ accounts to be David Wh¢¢ler- Ind¢p¢nd¢nl F.xamiiiei' Daiiid heele[ FCCA C:heeld W'heeler and C.0 Chwtered CeJ1ified ACcountat$ Redhill Chanibers 2d Fligli %treet Redliill SuiTey RFII IRJ Dated.. k3-.trkn3<
FIRST CHURCH OF C.HRIST, SC.TENTIST, I)ORKING )IA I ETrIEI A OF FtINAf¥CIAI, ACTfivlTIF,S FOR TIIE YEAR EliDED31 DECEER£v24 Uniestricte41 Funds Restricted Funds Total 2024 Toial ?023 Donations and legacies C"haTltable actii'ities Invcstsncnts Other Total income 10,037 1,704 404,239 414,276 1,704 293,256 2b 7,055 350.000 652,270 2d 24,774 404.239 429.013 Expenditure on: Raising flmds C"haritable activities Tothl expenditure 53,797 5.3.797 53,797 105,445 105,445 Net inLom¢/(¢xp¢nditurc) Net gains/(losses) on investsnents (28,027) 2,628 404,239 375.216 2,628 546.825 9,789 Net incomel(expenditsre> and net movement in funds (26,i95) 404.239 377,844 556,614 Reeonriliation of fuDd$ Fuiid balances brouglit torw'ai'd at l .Taiiuary 2024 1.3 291,977 63),061 925,038 368,424 Fund balances carried forward al 31 December 2024 13 £265,582 £1,O37.300 I,JU'Y 8112 The Slai¢meiii of Fiiiancial Actii'ities includes all gains and losses recogniqed in the year. All in1]1¢ and cxpendiiurc derive from coiitijiuing activities, Th¢ not¢s forni part ofth¢s¢ finan¢ial slat¢ments.
FtRST CHIIRC.'H OF CHRIST, SCTF,NTIST, DORKIIYG BALAIIC'.E SHEFT AT 31 DEC:EMBER 2024 Note 2024 FIYED ,ISSF.TS Tangiblc fixed ¢18s¢Is Ini'¢slinents 1.072.978 116.126 116,.)26 I,IC)1,gJ2 CliRRF.NT AS8F.TS Work in progT¢SS Cagh at bank and butlding society 286,761 5?9,911 809.672 1.39.()17 119,617 CRfDITORS An)oiinls falling due within l year 28.6C)7 960 NF.T C'IJRRENI. ASSEI'S 110.950 808,712 NET AS.SLTS 1,302 882 925,038 FI,;NDS Unrcstrictcd t'unds: Gcneral 10 265.582 291.977 Rcstiictcd liinds 10 1,017.300 633,061 TOTAL FI',NDS (IF TIIE CHARITI, £1 J02,882 £92fj.038 Approvcd by di¢ Boiu'd of TruslcLs oii21S ski¢lS id siuied oji ils belial f by.. Mrs Sus in Wiite- Chair The notes fomi part of these financial statcments
FIRST CHIRCH OF CHIUST, SCJENTIST, DOIU(ING NOTES TO THE FINANCIAL STATEMENTS roR TIIE I'EAR EN'DED 31 DECEMBfR ,ICCOIIYTIIYC. POUCIES 8) B&sis of arnlion TRie charit5, constitut¢$ a public benefit entity, as defined by FRS 102. The financial statements hove been prepared ill dccordauc¢ w'ith A¥¢ounting and Reporting by C.hariti¢s'. Stalemciit of Recoininended Practice applicable to charitics preparing ihcir accounts in aLcordanc¢ with t]i¢ Finanlial Rcporling Standard applicable in the Llk and Kepublic of li'¥land issued in Octobei 2019, the Fiiiancial Reporting st]dard applicable in the Unil¢d Kin8d01n alid Republic of Ireland (FRS 102), the C,hlties Act 2011 alld UK Generally Accepted AcLounting Praclice. The charity does nol include a c&%hflovi Stateiiient on the %rounds it is applN'lli? FRS 102 Section l A. The fiilancial statet)ients are prepared on a gToing concern basis uiider the historical cost conventiott, modified Éu include certain items at fair value. The tinancial statemenls arc presait¢d in sterlin whicli is th¢ fviictional curreiicy uf thc ch(Wity. T]1¢ SiRiiifi¢ant accountinp policies applied in the preparaiion of these financial stateinents are s¢t out below. These policies ha¢ bcen ¢onsist¢ntJy applied to all yearb prescnied unl¥ss otlierwise stalL¥J. bl li)¢omc i'c¥0 nilioii Iteiiis of lli¢ome are i"ecognised and included in Ihe accounrs when all of the following crit¢ria are The charity has entitlejnent to the fids. any p¢rfoiinwic¢ coiiditions attached to the Itn(S) of incoine Ika%'e been met or are fully within tlie cuntrol of the Ch£tY. there is suffici¢nt certainty that r¢¢eipt of the income is considered probable. and the amoiint can be measured reliably. enditure reco nition ExpLnditure is recognised once there is a legal oi constTuLlive obligation to Inake a paynient to a thud patty.. it is pn)bable that s¢ttlan¢nt will be required and the amoimt of the obligation Gan be me&sured reliahly. Expenditure is classified under the followiiibv activity headings.. Costs of raising fuiids wmprise tlie costs associated with the inanabyemail of the Ghatity's investmfflits. All such costs are charged to unrestricted fiinds. F.xpenditure on charitable artivities inLludes the costs und¢rtaken to further the pulposes of Ihe charity and their associated SUPEK)rt CQ51s. ort costs Supporl cosls are those fijiictions that agsist the work of the Charity but do not directly undeTtake cli<Witabl¢ actii.ities. Siipport ¢osls include back- office costs, financ& personnel, payroll and gok'ernan¢e costs which support th¢ charity's activities. ible Fixed A%8ets The freehold land and buildinBS were oiily completed in Dec¢mb¢r 2024 and so have not be¢ depi'eciated. Other tangible fixed assets depreciated as follows: Computer equIDent Fixtiires and fillings 150/0 reduciiig balance
FIRST CHITRCH OF CTIRIST, SC'IEN I'IST, DORKThG NOTES TO THE FINANCIAL 6iTATLMENTS FOR THE YEAR EDED 31 DECENIBER 2024 ACCOUNTIN'G POI,ICIESlciJiild... fj Listed Inv¢5tm¢ntS Listed inv¢shn¢nts are initiall)r Tecognis¢d at their transaction value and Subsequ1t1Y measured at fair i'alue at the Balance Sheet date using the closinb quolcd market price. The Statement of Fin1ClaI Acti¥ itics inLludL's tli¢ iiet gnS and losses oli ieN'aluations and disposal8 throughout the vei?r. g) Finan Instruments DL"btors and crcditors with no stated interest rate and r¢11'able or payable within one ye. ate recorded al traiisactinn price. Any105ses arising IToin impainnwits are recognised in expenditui'e. h) Taxation As the Church is a registei.ed charity tho rcsults of its IToniial activities aF'C Ilot liabl¢ for tax. 2. INCOME Unrcstricted fiiiids RLstnclcd Fiindg Total 2024 I'¢Xal 202.3 a) Donations and legacies Coll¢ciion on8tiong (lift t&x GTants 8.142 2n$ 1.690 8,142 2n$ 1.690 404 239 4.14 276 9,028 ?nn 1,085 282 947 ?91,256 404 279 404.239 10.037 b) Charitable actvities Reading rooin sales £1,704 £1,704 £1.959 ) I1)vestM)t iiicome Dividends Bank- Illtest 9,795 9,795 3,861 d) Other income Proceeds from sale of property 350.000
FIRST CHURC.H OF CHRIST, SC:IEN'fIsT, DORKING -OTES TO THF FINANC.IAL STATVMF.NTS FOR THF. YFAR F,NDF,D 31 DECE.MBER 2024 (continued) 3. AIN'ALI'SIP O,,. E,XfiiwDI"I'U',",L O I ni T A i rtDL'" ACTII'ITSf:S'. Activities ndertakai ditectly Support cosls Toial 2024 Total Lcctures .MusJc fces Quarterlies Reading room purchas¢S Jknblication Lommittee Donatioas AdTrerti8in T¢l¢phun¢ <UTr(I wLbsit¢ utliffi" expenses Accountancy Bank cl¥£5 Repairs and nall equipment L:leaning Hedting. lighiii)8 and wal¢r Insurdiice Professional fees Plarining co'.Idition Practitioner fee Building regulati(ms I01n¥ Losts Reiital costs 2.91 ? 4,554 477 2,144 105 2,912 4,554 477 2,J44 105 510 462 4.311 2,131 140 462 692 476 960 472 872 476 9611 83 1.530 80 578 526 77.£ 3,705 76,869 394 4,042 28,464 4.04? 28.464 2,890 6.286 4.7.0.15 105,445 4. GOVF,RNANCE COSTS 2024 £1.020 2023 £1,530 Accountancy fees. 5. STAFF COSTS -rhe &vei'age nuinber of ¢mploy¢es during the year was nil (2023.. nil). 6. FIXED ASSETS ._ LAND & BUILDINGS I"he redevelopinent of the church building was substantia]ly coinpleted 3 l¥t December 2024, and so no dq)reciation has be¢n charg¢d in this y¢ar. The lotal cost wnounted to £1:072,978.
FIRST CHURCH OF CHRIST, SCIENTJST, DORKIIYG IYOTES'IO'I'IIE FINANCIAL ST.4TEMENTS FOR THE YEAR EIIDED 31 DEC.EMBER 2024 (continued) 7. FIXED ASSET INVESTMENTS Un115t¢d inveqtments Market valuc at l Januarv 2024 Additions at cost Diqpn<?Iq Ai 01)ening illArke.t vajiie. N¢t urir¢alized ¥)ains oil revaluattoll 16.326 2,628 V¥*lwdtioii at .> l Dewiiber 2024 &118.954 Historical cost ai 31 December 2024 £40.000 HisrIcal cosi ai .3 l Dec¢mber ?023 £40,000 Thc invc5tmait Gompiiscs 5.861.75 51iarr5 in COIF Ch¢llil7es Invcslin¢iil Fuiid. 8. LREDIT'ORS 2024 2023 Amollnts falling due within l year.. Accrual expense 28,667 £?8,667 960 9. TRUSTEES, REMUNERATION AND REIMBURSEMENTS one of the Irustees reLeived any payment for their work (20?l - hil), No ¢Ap¢ns¢ts w¢r¢ rcithburbed tu th¢ truslees in 20?4 (2023 nil). 10, MOVEMEKf IN FUNDS Balance at l January 2024 Income Expenditure 'I'rans'fers Balance at 31 December 2024 Llnrestricted fvnds en¢i'al fund {53,797) 265.581 Restrieted funds 633,061 404,219 1.037,300 Total fund5 925,0;. (53,797) 1,302.882 Income includes gains made on the revaluation of ini'estments.
FIRST CHIFRC.H OF C.HRIST, SCIINTIST, DORKtNG OTES TO THE FI,NANC.L4L SI'ATEMENTS FOR THE Tr'EAR EP4DED 31 DECETrIBER 21124 (tontinued) Rv_&tricted ltunds represent spYTral rollecttorte or donatioiig from the P4.4sYnbei't of tb.o Church to be applied sp¢cifiGally towat'ds benei,"olent gr&its to individuals. similar charilics or foi" the upkeep of th¢ Church preinises. 10. MOVEMENI. IN FUNDS ... continucd C.oJy]pw'aiive inf0mlion for tbe iier moi'emcnt in funds is as follows: Balwic¢ at l January ?023 Ircoine EXp]dItUle (incl tosses) Transfers Balance at 3 I ¢mber 2023 Ilnrestricted funds cler?7 fiind 28,9.31 10.S,260) (lQ.f.260) 291,977 291.977 Restriettd funds 633,128 (185) 633,061 To¢al funds 368.424 662,089 (105,445) 925,038 I I. ANALYSIS OF NET ASSETS BETWEEN FUNDS lJnre%tricted funds RestriLted tiuids Toia] Fund8 2024 Filed *4sets Ini'estments Current assels C,urrent liabilit.ies 1,064,947 1,072.978 118,9.54 li9,617 118.954 139,617 { i.o?0) 265,582 27,fv17 1,037,300 28.667) 1,.102,882 As at 3 l December 2024 ComparatiN'e infonnation of ihe net &qsets between ndS is as follows.. Ilnr¢strl¢t funds Restricted funds. Total F14nd 2023 InTrThtments CuTYent assets urrenl liabililies 116,326 5 l7,695 (960) 116.3?6 809.672 {960) 291.977 As at 31 December 2023 633.061 291,977 925 038