CHRISTIAN SCIENCE SOCIETY. SEVENOAKS Registsred Charfty No.: 1037106 FINANCIAL STATEMENTS FOR THE Y&qR ENDED 31 DECEMBER 2024 Kingston Burrowes Audit Ltd 308 Ewell Road Surbiton Surrey Sutton, Surrey Kr6 7AL
CHRISTIAN SCIENCE SOCIEfY. SEVENOAKS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES The Trustees are pleased to present Iheir report. logether with the Financial Statements of the Charity for the year erKled 31 Decamber 2024. The charity ts a Reglstered Charity No. 1037106 and its principal address is Caxton House {Ground Floor), 22 St John's Hill, Sevenoaks, Kent, TN13 3NP. The charity's prinapal advlsers during the year Vre.. SOLICITORS Knocker & Foskett, The Red House, 50 High Street Sevenoaks, Kent TN13 1JL BANKERS CAF Bank Ltd. 25 Kings Hill Av8nue. West Mailing. Kent ME19 4JQ INDEPENDENT EXAMINER Mr Kevin Fisher Kingston Burrowes Audit Ltd statutory Auditor 308 Ewell Road Surbiton Surrey KT6 7AL INVESTMENT MANAGERS Invastec Wealth and Investment Llmlted 2 Gresham Street, London EC2V 7QP REFERENCE AND ADMINISTRATtVE DETAILS Th8 Charlty Trustees (rhe Board) who acted in that capacity during the year were: _ Mr. R. Mendls Mrs. A. Miller Mr. B. Mrxgan (Chairman) President: . Mrs. N. Morgan
CHRISTIAN SCIENCE SOCIEfY, SEVENOAKS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 CONTINUED GOVERNING DOCUMENTS The name of the charity is Christian ScA8nc8 Soctety. Sevenoaks. Christian Science Society. Sevenoaks is controlled by Its goveming document, a deed of trust, and ¢onstitutes an unin¢orporated charity. The Trustees have given constdaration to the question of the church's charltabl8 Status, with Special regard lo the benefft to the communlty beyond tts own membership and have had regard to the Charlty Commission'$ guidance on public benefiL ELECTION OF TRUSTEES & APPOINTMENT OF OTHER OFFICERS Election of Trustees and appolntment of Church Offjcers for 2024 tod( place at an El8Ctions Meetmig In December 2024. Three Irustees {Board members). 8 President, a rota of Readers. a Treasurer. a Librarian. and a Sunday School Superintendent were elected and appointed in accordance with Article 1, Sections 1-9 of the SoGiety'S Bylaws. (The offlce of Clerk ha5 not been filled for a number of years now and the clerk's duties continue to be shared out with willing members of the Society.) ORGANISATION The organlsation of the church is outlined in the ConstitutSon and By-laws. The Trustee Board oversees the churth actlvities induding the charty's vestrnent portfolio with the knowledge and approval of the member8. RISK MANAGEMENT Th8 Trustees revlew annually the major risks to which the charity is exposed and ensure that appropriate controls are in place to provide reasonable assurance against fraud and error. OBJECTIVES AND ACTIVITIES The object of this church is to promote to the public th8 religton Christtan Science based on the Blble and Scien¢8 and Health with Key to the Scrlptures by Mary Baker Eddy. the Discoverer and Founder of Christian Science. whose purpose is to °reinstate prlmitive Christianity and Its lost elament of healing. as a demonstrable science. During the year, the Society continued to hold weekly Sunday Church Services which are Ilve-streamed and a monthly Testimony Meeting on the fourth Wedn8sday of each month on Zoom only. Sunday School for children 8nd teenagers were offered in the Sunday School or online with advance notl¢8. The offer of creche provlslon was 8150 available on prior notic8. These Church Services, Testimony Meetings, and Sunday School classes are open to the public. ACHIEVEMEwfs AND PERFORMANCE The above services and Testlmony Meetings are advertised in the Christian Science Joumal, the offidal organ of The First Church of Christ, Scientist In Boston. Massachusetts of which the Sevenoaks Christian Science Society is a branch, and on th8 Society's website cs7oaks.O.
CHRISTIAN SCIENCE SOCIETY, SEVENOAKS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 CONTINUED FINANCIAL REVIEW INVESTMENT POLICY The trustees, overall objectives are slill to create sufllcient Income and capital grovrth rebuilding the value of the portfolio to enable the charity to cary out its purposes consistently year by year with due and proper consideration for future needs and the maintenance of. and rf possible, enhancement of the value of invested funds while they are retained. by obtaining a balanced return betsveen income and capital with low to medium risk through disc¥etionary managemenL There are unquoted securities. The trustees reseroe the right to exdude companies that cary oul activities contrary to their aims or from holding particular investments in breweries, distilleries, tobacco companies, drug companies, and the gamblrng industry. Trustees expect the fund manager to have considered the suitabilty of investments of Ihe same klnd as any particular proposed to be made or retakned. The objectives are to be achieved by investing prudently in a broad range of fNed interest securities and equltles which are quoted on a Recognised Investment Exchange and unit trusts and OEICS (open ended investmenl companies) which are authoTi8ed under the Financial Svices and Markets Act 2000. RESERVES POLICY At the beginning of 2024 the Sociaty held invgstments valued at £277,436. The policy of the Soclety has been, and remalns. to Invest any surplus income derlved by offlce rents. The ReseNes Policy for 2024 Is deemed to be adequate now that in addtton we receive annual rental income in th& wion of £32.000. At the end of 2024 the Charivs reseNes inclusfve of the value of the property amounted to £1.673.286 of ich £622 was represented by restricted funds. DIVIDENDS AND INTEREST Dividends and inlerest are fe-invested.
CHRISTIAN SCIENCE SOCIETY, SEVENOAKS REPORT OF TrIE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 CONTINUED TRUSTEES RESPONSIBILITIES STATEMENT The trustees are responsible for preparing the Report of the Twstees and the finan¢lal stalement in accordance with applicable law and United Kingdom Accounting Standards (Unlted Kingdom Generally Accèpted Accounting Practice)- The law applic8b18 to charities in England and Wales requires the tnjstees to prepare financial statements for each financlal year. which give a true and fair view of the 5L*e of affalrs of the tharity and of the incoming resources and application of resources. including the Income and expenditure, of tha charity for that year. In preparing these financial statement5. the trusteés are requlred to: selecl SUFtabte accounung policies and then apply them consislently: observe tha m8thods and prin¢iptes in the Charitles SORP 2019 (FRS102): make judgements arKI estimates that are reasonable and prudent", state whether applicable accounting standards have been followed, subject to any material departures disclosed and explalned in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presumè that the charity will continue in operation. The trust88s are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial ststements compty with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provlslons of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for tsklng reasonable staps for the prevention and detedion of fraud and other irr8gularitie5. aodonb alf of tees Mr. B. Morgan TRUSTEE Caxton House, 22 St John's Hlll, Sevenoaks, Kent, TN13 3NP 3rd June 2025
Independent Examinerfs Report to thè Trustees of: CHRISTIAN SCIENCE SOCIETY, SEVENOAKS FOR THE YEAR ENDED 31 DECEMBER 2024 I report to tha charity trustees ¢Jn my examination of Ihe accounts of the charlty for the year ended 31 December 2024 whlch ar8 set out on pages 6 to 13. R86ponsibiliti•s and basls of report As the charltls trustee5 you are responsible frjr the preparation of the a¢¢ounts in accordan with the requirements of the Charities Act 2011 (Ihe ACV). I report In respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all ihe applicable Directions glven by the Charity Commissk)n under section 145(5)(b> of the Act. Indopendent exfAninerfs statement I have completed my examinatlon. I COTffim that no materlal matters have come to my attention in connection with the examination giving me cause to believe that in any malerial respect. accounting records were not kept in Te5peGt of the charty as requlred by section 130 of the Acl; or 2. the accounts do not accord with those records; or the accounts do not comply with the applicable requlrements con¢8mlng the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirem8nt that the accounts give a Iwè and fair view. which is not a matter consid8r8d as part of an independent examlnation. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn In this report in order to enable a proper understanding of th8 accounts to be reached. Kevln Fisher BA FCA CTA For and on behalf of Kingston Burrowes Audit Ltd statutory Auditor 308 Ewell Road Surbiton Surrey Iff6 7AL une 2025
CHRISTIAN SCIENCE SOCIETY, SEVENOAKS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Restrlcted Funds Funds Total 2024 Total 2023 Notes Income from: Donations and legacies Charltable activities Investrnents Other Irading activities 2.854 244 9,036 32,000 2.854 5.436 81 7.821 32,000 2b 2¢ 2d 9,036 32.000 Total Incom8 44.134 44,134 45,338 Expendlture on: Raislng funds Investment management fees 2,805 2.805 2,551 Charltabl8 activities 45.612 45,612 51,122 Total expendituré 48.417 48,417 53.673 Net expendlturo b8fore Inveslnient gains (4.283) (4,283) (8.335) Net gains on Investments 2.390 2.390 5.405 Net exp•nditur8 11 (1,893) (1,893) (2.930) Transfer b&lween funds Net movement in funds (1,893) (1.893) (2,930) R•con¢iliatlon of funds Fund balances brought forward 12 £1.674,557 £622 £1,675,179 £1.678.109 Fund balances ¢arrled fL)Yward 12 £1.672,664 £622 £1.673.286 £1,675,179 The Statsment of Flnancial Activities includes all gains and losses recognisad in the year. All income and expenditure derives from continuing aGtivilles. The notes on page$ 8 to 13 form part of these fSnancial statements.
CHRISTIAN SCIENCE SOCIETY. SEVENOAKS BALANCE SHEET AT 31 DECEMBER 2024 Notes 2024 2023 FIXED ASSETS Tangble fixed assets 1.347.908 1.371.046 CURRENT ASSETS Debtors Investmenis Cash at bank arKI In hand 652 306.006 20,020 1.801 277.436 29.671 326,678 308,908 CREDITORS Amounts falling due within one year 10 1.300 4,775 NET CURRENT ASSETS 325.378 304.133 NET ASSETS 13 £1,673,286 £1,675,179 FUNDS Unreslricted funds: General Designated funds Restricted funds 12 12 12 324,756 1.347,908 622 309.285 1,365,272 622 £1,673,286 £1.675,179 Approved by the Board of Trustees on June 2025 and slgned on its behalf by.. Mr. B. Morgan TRUSTEE The notes on pages 8 to 13 fom part of these Financial Statements
CHRISTIAN SCIENCE SOCIETY, SEVENOAKS NOTES TO THE FINANCIAL STATEMENTS FOR THE Y&4R ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES a) Basis of accountin The charity Gonstitutes a public benefrt entty &8 defined by FRS 102. The financial 8taternents hav8 b8en prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities Preparing their accounts In accordance with the Finan¢lal Reporting Standard applicab18 in the UK and Republic of Ireland (FRS 102) issued In Octobèr 2019. the Financial Reporting Standard applicable in t178 United Kingdom and Republlc of Ireland (FRS 102). the Charities Act 2011 and UK GeneralFy Accepted Accountlng Practic8. The financial statements are prepared on a going concern basis under the historiGal rnst convention modified to include certain items at fair value. The finandal ststements are presented in sterling which is the fundional currency of the charity. The significant acwunting policies applied in the preparation of Ihese financial statements are set out below. These policies have been conslstently applied to 811 yaars presented unless otherwise stated. b) Income reco nition Items of income are reGognised and Included in the accounts when all of the following criteria are mel: The charity ha5 entitlement to tha funds. any performance conditions attached to the item{s) of income have been met or are fully wlthin th8 conlrol of the charity. there is sufficient certainty that receipl of the income is considered probable.. and the amount can be measured reliably. c) Ex enditure reco nition Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third paty, it is prob8ble that settlement will be required and the amount of the obligation can be measured rellably. Expenditure is ctassffied under the following activty headings: Costs of raising funds Gomprlse the costs associat8d with the management of the ChariVs investments (all such costs relate to unrestricted funds). Expenditure on charltable activities includes the costs undertaken to furth8r th& purposes of th8 Charity and thelr associated support costs. d) Fund countin Unrestricted general funds are freely avallable for use in furtherance of the objects of the charity and which have not been designated for particular purposes. Designated funds are unrestrlcted funds set aside by the trustees for partkular purposes. Restricted funds are funds whlch can only be used in accordance with specific restrl¢tlons irnposed by the donor. or which have been raised for a particular purpose. location of s rt costs Support costs are those functlons that assist Ihe work of the Charity but do not directly undertake charitable aclivitles. Supporl costs include back office costs. fin8n¢8, personnel, payroll and governance Gosts which support the Charity's activities. Ixed assets Tangible fixed assets costlng rn0 than £500 are capitalised at cost. Depreclation is calculated to write off the cost of all tanglble fixed assets. other than freehold land, which is not depreciated, at the following rat8S: Bulldings 50 years straigm Ilne Computer equlpment 4 years stralght Ilne The trustees estimate that approximately 60% of the cost of the Property relates to land.
CHRISTIAN SCIENCE SOCIEfY, SEVENOAKS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 CONTINUED ACCOUNTING POLICIES (Cont'd) g) Investment assets Investments are initially recognlsed at thelr transaction value and subsequently measured at falr value at the Balance Sheet date using the closlng quoted market price, The Statement of Financlal Activllles Includes the net gains and losses on revaluations and disposals throughout the year. As the Church is a reglstered Charfty the results of its nomial activities are not liable for tsx. i) Debtors an Debtors and credttors with no stated Inter8St rate and receivable or payable within one year are recorded at transaclion price. Any losses arising from impaimients are recognised in 8xp8ndiiure. INCOME Unrestrfcted Funds Restricted Funds Total 2024 Total 2023 a) Donations and legacies: Donations £2,854 £NII £2.854 £5.436 All of the £5.436 recognised in 2023 related to unrestricted funds. b) Charitable aclivities: Books and lit8ratur8 £244 £Nil £244 £81 All of the £81 recognlsed In 2023 related to unrestricted nds. c) Investrnent Incom8: Dividends and interesl £9.038 £Nil £9,036 £7,821 All of the £7,821 recognised in 2023 related to unrestricted funds. d) Other trading activities- Rental income £32,000 £Nil £32,000 £32,000 Atl of the £32,000 re¢ognised in 2023 related to unrestricted funds,
CHRISTIAN SCIENCE SOCIEfY, SEVENOAKS NOTES TO THE FINANCIAL STATEME8 FOR THE YEAR ENDED 31 DECEMBER 2024 CONTINUED ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES ActNities undertaken diredly Grant funding of activities Support tosts Total 2024 Total 2023 Organist and Sololst fees Literature Lecture costs Journal card Sundries Grants (see note 5) Legal and professional fees Depreclation Insuranc& Light. heat and watgr Bank charges Servic8s and repairs SeNlce charge (surplus) Governance costs.. Independent examinerfs fee 8,317 942 8,317 942 2,160 330 2,596 2,803 7,262 1,464 2.160 330 2,596 674 1.566 2.150 4,437 23.137 1,129 7,977 60 216 (150) 2.803 23,138 1,271 7,500 60 3,321 (8,126) 23.138 1,271 3,321 (8.126} 1.300 1,300 1.200 £9.259 £2,803 £33.550 £45.612 £51.122 All of the £51,122 expenditure in 2023 was charged to unrestricted funds. 4. ANALYSIS OF DIRECT AND SUPPORT COSTS BY ACTIVITY Grant funding activities Direct costs Support costs Total 2024 Total 2023 Church activities £9.259 £2.803 £33,550 £45,612 £51,122 5. ANALYSIS OF GRANTS 2024 2023 Church activities £2.803 £2,150 Grants to instilulons Charton Manor Nurslng Home (Hawthorne Trust Llmited) Easter Camp Longyear Museum Hosplce In The Weald Joint CS Reading Room 400 750 1,003 100 900 1,800 £2,803 £2.150 10
CHRISTIAN SCIENCE SOCIEfY, SEVENOAKS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 CONTINUED 6. TRUSTEES, REMUNERATION AND EXPENSES There were no trustees. remunerat¥Jn or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2024. During the year ended 31 December 2024, no Trustee was reimbursed funds to cover expenses such as ink. stamps and stationery. {2023: None) 7. TANGIBLE FIXED AssErs Freehold land and buildings Equipment Total Cost At 1 January 2024 Additions Revaluatlon 1,483,304 24,914 1,S08.218 At 31 Dec8mbar 2024 1,483,304 24,914 1,508.218 Depreciation At 1 January 2024 Charge for the year 118,032 17,364 19.140 5,774 137,172 23,138 At 31 December 2024 135.396 24.914 160,310 Net Book Value At 31 December 2024 £1,347.908 £Nil £1,347,908 At 31 December 2023 £1,365,272 £5,774 £1,371.046 8. DEBTORS 2024 2023 Prepayments 652 1,801 11
CHRISTIAN SCIENCE SOCIETY, SEVENOAKS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEI) 31 DECEMBER 2024 cOrINuED 9. CURRENT ASSET INVESTMENTS Listed Investments Market value brought ft)ard Additions at cost Disposals at opening market value Increase in cash Net unre81ised r8valuation gain 277,436 33,351 (7.665) 2,715 169 Market value carrled fonvard £306,006 Historrcal cost at 31 December 2024 £279,828 Hrstorical cost at 31 December 2023 £252.109 Investm8nts at markel value comprise: 2024 2023 Listed investments Cash within investment portfolto 294,063 11.943 268.208 9,228 £308,006 £277.436 Analysis of invested galns 2024 2023 Unreallsed gains on revaluation Realised gains on disposal 169 2,221 4,066 1,339 £2,390 £5.405 All investment gains relate to unrestricted funds. 10. CREDITORS (amounts falling due withln one year) 2024 2023 Accruels £1,300 £4,775 11. NET EXPENDITURE 2024 20TJ Net expendlture is stated after charging: Independent examinerfs fees £1.300 £1.200 12
CHRISTIAN SCIENCE SOCIETY, SEVENOAKS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 CONTINUED 12. MOVEMENT IN FUNDS 2024 Balance blF at 1 January 2024 Expandliur8 (including gainsllosses) Balanc8 clf at 31 December 2024 Incomè Transfers Unrestricted FurKIs General Fund Designated Fund R8strict8d Fun(Is 309,285 1,365,272 622 44.134 28.663 17,364 324.756 1.347.908 622 £1.675.179 £44.134 £46.027 £NII £1,673.286 Restrlcted funds can only be used for particular restricted purposes within the objects of Ihe charity. RestrFctions arise when spectfied by the donor or when funds are raised for particular restricted purposes. The current restricted funds are for the Church and Readlng Room. Compardllve Informatlon is as follows.. 2023 Balat)ce blf at 1 January 2023 Expanditur8 (includlng gainsllosses) Balance cff at 31 Dember 2023 Income Transfers Unrestricted Funds General Fund Designated Fund Restricted Funds 294,851 1.382,636 622 45.338 30.904 17.364 309,285 1.365,272 622 £1.678,109 £45.338 £48.268 £Nil £1.675.179 13. ANALYSIS OF AssEfs BETWEEN FUNDS 2024 Unreslrficted Funds Restrlcted Funds Total Funds Tangible fixed assets Current assets Current liabilities 1,347.908 326,056 (1,300} 1,347.908 326.678 (1,300) 622 As at 31 DeGember 2024 £1,672.664 £622 £1.673,286 Comparatlve Infonnation is as follows: 2023 Unrestricted Funds Restricled Funds Total Funds Tanglble fixed assets Current assets Current IlabllSties 1.371,046 308,286 (4,775) 1.371,046 308,908 14,775) 622 As at 31 December 2023 £1.674,557 £622 £1.675.179 13
CHRISTIAN SCIENCE SOCIETY, SEVENOAKS DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 INCOME Donations and legacies Books and literature Rental income Investment income 2,854 244 32.000 9,036 5.436 81 32.000 7,821 TOTAL INCOME £44.134 £45.338 EXPENDITURE Raising funds Investrnent management fees 2.805 2,551 Charltablo activltles Organist and Soloist fee8 Literature Lecture costs Joumal card Sundries Donations Prof8sslonal fees Depreciation Insurance Light. heat and water Bank charges Services and r8palrs Service charge {surplus} Indepèndent examiner's faes 8,317 942 2,160 330 2.596 2,803 7.262 1.4PA 674 2,150 4,437 23.137 1.129 7.977 23.138 1,271 3,321 (8.126) 1.300 216 {150} 1,200 45,612 51.122 TOTAL EXPENDITURE £48,417 £53,673 NET EXPENDITURE BEFORE GAINS (4,283) (8.335) Other r8cogni5ed gains Gains on investment assets 2.390 5.405 NET EXPENDITURE £(1.893) £(2.930) This page does not fomi part of the statutory financial statements.