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 INVESTmr￿￿1ANAGERs 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 Re￿￿￿ended Practice applicable to charities preparing their accounts in accord￿1￿¢ 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 Klllgd￿n 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 k￿1 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 poss￿s1o￿ 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 accol￿110datio1i. Atteiid¢¢s can pwrli4L8¢ Ckuistt'an Sciumce p￿l￿dical$. books ￿ld otlier literature. FIRST CHITRCH OF CHRIST, SCIENTIST, DORI(ING TRI5STEES' REPORT FOR THE YEAR LNDED 31 DFCEMBER 2024 continiied The churLh held u publil leilure oil ih¢ 7th ,4pril ?024 at st fvlichael's C"hurLh of l.nbvland Infant School. N.liEkleh¢W). 'fhL l¥cturc w'as crttiiled ' Cal) Spiritual l)erception Briiig Hcaliiib. and w'as givcii b}, ,XILx Tlic Chiirch Floard Inembeis PTovide excLulive sffl'ilice lo the Church. pasto171 care for the Lhurch family. l￿d otTLT pfiiyerful siipport. Meinl)ers of the C_'hurcli volunteer on dll the coiiimillees whicli cnntrihute t() tlIL runiiiiig of the I"hurch. Thcsc tasks inLliidL opcr¢?tiii&v Ihc Readiiig Rooiii for the publil. a¢linb) as Lisher8 greetiiib the LongregFaljOTI at SLI'i'ices, conductiiigy tlie serviLe& teaLliin&v in the Sund and net movement in funds (26,i95) 404.239 377,844 556,614 Reeonriliation of fuDd$ 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 in￿1]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,h￿lties 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 fi￿ds. any p¢rfoiinwic¢ coiiditions attached to the It￿n(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 l Dewiiber 2024 &118.954 Historical cost ai 31 December 2024 £40.000 His￿rIcal 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 inf0m￿lion 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 cl￿er?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