SECOND CHURCH OF CHRIST, saENTIST, LONDON FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
SECOND CHURCH OF CHRIST, SCIENTIST, LONDON CHARITY INFORMATION Trustees Francoise Andre philip Wylie Amina Hassan Treasurer Eduardo Rublo aerk Francoise Andre Charlloble Trust Number 1084322 Prlnclpal Address 104 Palace Garden Terrace London W8 4RT Independent Examiner Katz & Co (London) LLP Chartered Accountants 135 Nottlng Hlll Gate London Wll 3LB nkers CAF Bank Ltd 25 Kln85 Hlll Avenuè West M3lllnB Kent ME19 4JQ Page 1
SECOND CHURCH OF CHR. scieNTtsT, LONCK)N THE TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2013 The Trustees present thèir rèport and accounts for the year ended 31 December 2023. The Trustees for this chvich are known in the by-laws as'The Board". Constltutlonal Informatlon Second Church of Christ, Scientist, London is a registered charitable trust number 1084322. It 15 a branch of The Mother Church, The First Church of Christ. Saèntlsl. in Boston. Massachusetts. The church is constituted by the by-laws. Oblectlves or8ani5atlon and activlties The object of this church is to spread and maintain the teachings of Christian Science as found in the bible, Science t7ndHeolth with Key to the Scriptures. by Mary Baker Eddy, the Discoverer and Foundèr of Christian Science, and to maint¥in the advancement of Christian Science in any manner which will be charitable at law and particular for the purposes of Second Church of Christ, Scientist. London. Rwl*w of ProBress and Achie¥ementS The church accounts included with this report show that taking one year with another there Is a matching of receipts and payment5, and the balance at the bank at the end of the year is suffitient to meet the foreseeable req4Trirements. Risk management The trustees actively revSew the majof risk which the charity faces on a regular basis and believe that Maintaining reserves at their ¢urrent levels. cornbined with an annual review of the Lontrols over key financlal systems, will provide sufficient resources in the event of adverse conditions. The trLtstees have also examined other operational and business risks fa¢ed by the Charity and confirm that they have established systems to mitl8ate any significant risks. Basls ol preparation of the financial statements These financial statements are prepaied in accordance with the accounting policies set out in note I to the accounts and comply with the charity's trust deed. the Charitie5 Act 2011, and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standards applicable in the UK and Republic of Ireland published on 16 july 2014. Statement of Trustees. Responsibilites The trustees are responsible for preparin8 the Trustees. report and the financial statements in accordance with applicable law and Unitèd Kingdom Accounting Standards (United Kin8dom Generally Accepted Accounting Practicel. The law applicable to charities in England and Wales require the trusteès to prèpare finanaal statements for each financial year which give a true and fatr vtew of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are reqvired to.. Page 2
al selert 5uitsble accountlng pollcies and then applythem consi5tently* bl observe the methods and priciples in the Charltles Statement of Recommended Practi cl make ludgements and e5tirnates that are reasonable and prudent dl state whether appllcable UK Accounting Standards have been followed. subject to any material departure5 disclosed and explained in the financlal ststements.: and el prepare the financial statements on the golng conom basls unless It 15 inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that drsdose with reasonable atturacy at any time the ffinancial position of the charity and anable them to ensure that the finandal statements comply with the Charities Act 2011, Accounting and Reporting by CharltlesStatement of Recommended Practice applicable to Charities preparing their accounts in accordancé with thè Finandal Reporting Standard IFRS 1021, the Charity (Acwunts and Reports) RegLtrlations 28 and the pro$10n5 of the trust deed. They are also responslble for safeguarding the assets of the charity •nd hence fortskin8 reasonable steps forthe prevention and detection of fraud and other irregularitles. The trustees are responsible for the rnaintenan and inte8rlty of the Charity and flnanclal Information induded on the charity website. Legislation in the United Klngdom governlng the preparatlon and dissemination of financial statefflents may differ from leglslatlon in other lurSsdl¢tlons. Trustees known as The Board Those have served as members of the Board during the year and thèir period of service is shown below. Appointment of the Board and custodian trustees made by election in accordance with the by.laws and the charity holds its AGM in Juty when a rotatlon of Trusteestakes pla in accordance with the by-laws. The Board Francoise Andre Phlllp Wylle Amlna Hassan Approval The report of theTrustees was approved by the board and signed on their behalf. Chqtmi•n PaBe 3
SECOND CHURCH OF CHRIST. SCIENTIST, LONDON INDEPENDENT ÉXAMINERS REPORT TO THE TRUSTEES Of Second Church of Chrlst, Sclentlst, London We report on the accounts of the Church for the year ended 31 December 2023. which are set out on page5 5 to 8. Respectlvo Re5ponsibilitles of the Trustees and the Independent Examlnar. As the Trustees of the charity you are responsible for the preparation of the accounts,. you conslder that the audSt requirement of section 144 of the Charities Act 2011 (The Act) doe5 not apply and that an Independent examination is needed. examine the accounts lunder sectlon 145 of the Act) to follow the procedures lald down in the General Dlrectlon5 glven by the Charity Commi5s5on lunder sectlon 145151 Ibl of the Act.> to State whether part5cular matters have come to our attentlon. 8a515 of the Examiner's Report Our examlnatlon was carrlèd out In accordance with the General Dlrectlons glven by the Charlty Cornmlssloners. An examlnatSon Includes a revlew of the aEcountlng records kept by the charity and a comparlson of the accounts presented wlth these records. It also includes conslderètlon of any unusual iterns or disc105ures In the accounts, and seekln8 eKplanatlons from yoy as trustees concerning such rnatters, The procedures undertaken do not provlde all the evidence that would be requlred In an audlt and consequently we do not express an audSt oplnlon on the vlew 8lven by the accounts. Independent Examlner's report In connectlon wlth our examlnailon. no matter has come to our attentlon whSch glves us reasonable cause to believe that In any rnaterlal respect the requlrement5', al tg keep accounting records in accordance wlth 5ectlon 130 of the Act and bl to prepare accounts whlch accord wlth the accounting records and cl to comply wlth the accountln8 requlrernents of the 2011 Act.. have not been met. to which, in our opinion, attentlon should be drawn in order to enable a proper understandin8 of the acco nts to be reaehed. Katz & Co ILondonl LLP Chartered Accountants 135 Notting Hlll Gate London Wll 3 Dated.. LOL+ Page 4
SECOND CHURCH OF CHRIST, SCIENTIST, LONDON STATEMENT OF FINANCIAL AcnvmES FOR THE YEAR TO 31ST DECEMBER 2023 2023 2022 Incoming resoufces Collections and Donations 3.032 2.367 3,032 2.367 other Income InvestmeTIt income 29,558 263,193 7,500 276,160 283,660 286,027 Rent received 292,751 295,783 Total In¢ome Less.. EM enses Light, heat & water rates Insurance 21.680 7,198 18,338 13.054 503 240 40,678 2,004 490 1.529 1.345 1.307 3.968 2,406 80 17,086 6.270 16.804 7,907 830 1,170 38,266 7,040 476 Cleaning Repairs & renewals- 8uilding & Equipment Equipment, Furniture & supplies Organ Repairs and tuning Salaries & honorari Reading room expenses and literature COP- Pro Rata Clerk and Treasurer Consumables Telephone & Internet Advertising & promot40n Lecture and community expenses Gardening expense5 Bank charges Legal and Professional fees Accountancy and Book keeping fee5 601 1,175 816 617 1,688 ioi 5.950 3.221 1,035 2,475 123.991 171.792 1.667.171 1,838,963 1()4,357 181,670 1,485,501 1.667,171 Surplus of In¢ome I (Expenthturel for the year Fund balance brou8ht forward 1.1.23 Fund Balan¢* Carried forward 31.12.23 Page 5
SECOND CHURCH OF CHRIST. SCIENTisf. LONDON STATEMENT OF ASSETS AND LIABIUTIES AS AT 31 DECEMBER 2023 202a 2022 rrent Assets other debtors Cash at bank Cash Reserve Fund 85 1.522.802 350.722 1,873,609 1,394.158 348,240 1,742,398 Current Liabilities Other Creditors and Accruals Deferred Income 8.3% 26.250 34.646 6,015 69,212 75,227 Net Current A55ets 1.838.963 1.838,963 1.667.171 Represented by: Accumulated Fund5 1.838.963 1,667,171 FFancoise Andre Dated.. .oe.&* The rtnancial statements were approved by the Board and si8Tred on their behalf by: coi SE The note5 on page 7 and 8 form part of the financial statements Page 6
SECOND CHURCH OF CHRIST. saENTIST. LONDON NOTES TO THE FINANCIAL STATEMEKfs- YEAR ENDED 31 DECEMBER 2023 l. Accounting Policie5 la l Basis of preparation and assessmènt of going wncem The accounts IfinantFal statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notelsl to these account5. The frnancial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accourits in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IF[ 1021 issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charitiès Act 2011. The trustee5 consider that there are no material UnrtaIntieS about the Church's ability to continue as a going concern. Sufficient reserves are held to maintain the operating artivities whilst future income from charitable operations is sought. The trust constitutes a public benefit entity as defined by FRS 102. The church having a gr055 income of more than £250,IXX) in the prevrou5 year, has prepared it's accounts on the accrua15 concept and Statement of Recommended Practice Icharities SORPI. Ib l Reconciliation with previous Generally Accepted Accounting Polici In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 a restatement of comparative item5 was considered. No restatement was required. as opening balances and net income and expenditure as reported under previous GAAP 15 the same as reported for comparatives in this years financial statements and accordkngly no further reconciliation is provided. INCOMING RESOURCES Recognition of incoming resourtes These are Included in the Statement of Financial Artivities ISOFAI when: the charity becorrkes entitled to the resoufces the trustees are virtually certain they will receNe the resources the monetary value can be measured with sufficient reliability Grants and donat40ns Grants and donations are only included in the SOFA when the charity has uncondÉtional entitlement to the resource5. Investment income This is included in the accounts when receivable. Pa8e 7
EXPENDITURE AND LIA8IUTIES Liability recognition Liabilities are recognised as soon as there 5$ a legal or constnjctlve oblt8atlon eommlttlng the charlty to pay out resources. Page 8