SECOND CHURCH OF CHRIST, SCIENTIST, LONDON FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
SECOND CHURCH OF CHRIST, SCIENTIST, LONDON CHARITY INFORMATION Trustees Francoise Andre Philip Wylie Amina Hassan Treasurer Eduardo Rubio Clerk Francoise Andre Charitable Trust Number 1084322 Principal Address 104 Palace Garden Terrace London W8 4RT Independent Examiner Katz Cunningham Ltd Chartered Certified Accountants 135 Notting Hill Gate London Wll 3LB Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Page 1
SECOND CHURCH OF CHRIST, SCIENTIST. LONDON THE TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their report and accounts for the year ended 31 December 2024. The Trustees for this church are known in the by-laws as "The Board Con5tltutional information Second Church of Christ, Scient15t, London is a registered charitable trust number 1084322. It is a branch of The Mother Church, The First Church of Christ, Scientist, in Boston, Massachusetts. The church is constituted by the by-laws. Objectives organlsation and activitie5 The object of this church is to spread and maintain the teachings of Christian Science as found in the bible, Science ond Health with Key to the scriptures, by Mary Baker Eddy, the Discoverer and Founder of Christian Science, and to maintain the advancement of Christian Science in any manner which will be charitable at law and in particular for the purposes of Second Church of Christ, Scientist. London. Revlew of Progre55 and Achlevements The church accounts included with this report show that taking one year with another there is a matching of receipts and payments, and the balance at the bank at the end of the year is sufficient to meet the foreseeable requirements. Rlsk management The trustees actively review the major risk which the charity faces on a regular basis and believe that maintaining reserves at their current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and busine55 risks faced by the Chaf Ity and confirm thèt they have established systems to mitigate any significant risks. Basis of preparation ot the financial statements These financial statements are prepared in accordance with the accounting policies set out in note I to the accounts and comply with the charity's trust deed, the Charities Act 2011, and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland published on 16 July 2014. Statement of Trustees, Respon5ibilltes The trustees are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales require the trustee5 to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resource5 of the charity for that period. In preparing these financial 5tatementS, the trustees are required to: Page 2
a) select suitable accounting policies and then apply them conslstently; b) obsenfe the methods and priciples in the Charities Statement of Recommended Practice cl make Judgements and estimates that are reasonable and prudent d} state whether applicable UK Accountlng Standards have been followed, subjett to any materlal departures dlsclosed and explained in the fjnanclal statements.; and e) prepare the flnanclal statements on the going concern basis unless it is inappropriate to presume that the charity will contlnue In operatlon. The trustees are responslble for keeping proper accountlng records that dlsclose vllth reasonable accuracy at any time the financial position of the charity and anable them to ensure that the flnancial statements comply wlth the Charities Act 2011, Accountlng and Reporting by Charities Statement of Recommended Practlce appllcable to Charities preparing their accounts in accordano with the Finanaal Reporting Standard IFRS 102), the Charlty (Accounts and Reports) Regulations 2008 and the provlsions of the trust deed. They are also responsible for safeguarding the assets of the charlty and hence for taking reasonable steps for the preventlon and detectlon of fraud and other irregularities. The trustees are responsible for the rna1ntenan and Integrlty of the charity and flnancial information included on the charity website. Legislation in the United Kingdom governing the preparation and dissemination of flnanclal statements may dlffer from leglslatlon In other Jurisdittions. Trustees known as The Board Those who have served as members of the Board during the year and thetr perlod of servlce Is shown below. Appointment of the Board and custodian trustees is made by electlon In accordance wlth the by-laws and the charlty holds its AGM In July when a rotation of Trustees takes place In accordance with the by-law5. The Board FrancoSse Andre Philip Wylie Amina Hassan Approval The report of the Trustees was approved by the board and signed on their behalf. Chalrman Page 3
SECOND CHURCH OF CHRIST, SCIENTIST, LONDON INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES Of Second Church of Christ, Sclentist. London We report on the accounts ofthe Church forthe year ended 310ecember 2024, which are set out on page5 5 to 8. Respeetlve Responslbilities of the Trustees and the Independent Examlner. As the Trustees of the charity you are responsible for the preparation of the accounts; you consider that the audit requirement of section 144 of the Charities Act 20111The Act) does not applv and that an independent examination is needed. It is our responsibility to: examine the accounts lunder section 145 ofthe Attl to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145151 Ibl of the Act.) to state whether particular matters have come to our attention. Ba515 of the Exarnlner's Report Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accountin8 records kept by the charity and a compari50n of the accounts presented with these records. It a150 Includes consideration of any unusual items or disclosure5 in the accounts, and seeking explanations from you as trustee5 concerning such matter5. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently we do not express an audit opinion on the view given by the accounts. Independent Examlner's report In connection with our examination, no matter has come to our attention which gives U5 reasonable cause to believe that in any material respect the requirements: al to keep accounting records In accordance with Section 130 of the Act and bl to prepare accounts which accord with the accounting records and cl to comply with the accounting requirements of the 2011 Act,. have not been met, to which, in our opinion. attention should be drawn in order to enable 3 proper und sta ding f the acc nts to be reached. Katz Cunni Chartered Certified Accountants 135 Notting Hill Gate London Wll 3L Dated: LOL Page 4
SECOND CHURCH OF CHRIST, SCIENTIST, LONDON STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR TO 31ST DECEMBER 2024 2024 2023 Incoming resources Collections and Donations 2,640 3,032 2,640 3,032 Other Income Investment income 50,999 60,341 344,957 29,558 Investment income-Endowment fund Rent received 263,193 292,751 295,783 456,297 458,937 Total Income Less: Ex enses Light, heat & water rate5 Insurance Cleaning Repairs & renewals - Building & Equipment Equipment, Furniture & 5upplie5 Organ, piano Repairs and tuning Salaries & honoraria Reading room expenses and literature COP- Pro Rata 23,230 8.151 20,629 16,047 1,330 1,496 51,459 2,958 540 147 1,311 676 6,249 2,435 65 35 39 7,829 2,917 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 5,950 Clerk and Treasurer Consumables Telephone & Internet Advertising & promotion Lecture and community expenses Gardening expenses Bank charges Legal and Professional fees Board expenses Donations Accountancy and Book keeping fees 3,221 147,543 311,394 1,838,963 2,150,357 123,991 171,792 1,667,171 1,838,963 Surplus of Income I IExpendSturel for the year Fund balance brought forward 1.1.24 Fund Balance Carrled forward 31.12.24 Page 5
SECOND CHURCH OF CHRIST, SCIENTIST, LONDON STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2024 2024 2023 Current Assets Other debtors Cash at bank Cash Reserve Fund 85 1,522,802 350,722 1,873,609 1,874.062 364,415 2,238,477 Current Llabllltles Other Creditors and Accruals Deferred Income 8,555 79,565 88,120 8,396 26,250 34,646 Net Current Assets 2,150,357 2,150,357 1,838,963 Represented by: Accumulated Funds 2,150.357 1,838,963 Francoise Andre Dated: .q. The financial statements were approved by the Board and signed on their behalf by: The notes on page 7 and 8 form part of the financial statements Page 6
SECOND CHURCH OF CHRIST, SCIENTIST, LONDON NOTES TO THE FINANCIAL STATEMENTS - YEAR ENDED 31 DECEMBER 2024 l. Accounting Policies (a l Basis of preparation and assessment of going concern The accounts Ifinancial statement51 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 accounts. The f inancial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. The trustees conslder that there are no material uncertainties about the Church's ability to continue as a going concern. Sufficient reserves are held to maintain the operating activities whilst future income from charitable operations is sought. The trust constitutes a public benefit entity as defined by FRS 102, The church having a gross income of more than £250,000 in the previous year, has prepared it's accounts on the accruals concept and Statement of Recommended Practice (Charities SORPI. {b ) Reconciliatlon with previous Generally Accepted Accountlng Pollcy In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 3 restatement of comparative items was considered. No restatement wa5 required, as opening balances and net income and expenditure as reported under previous GAAP is the same as reported for comparatives in this years financial statements and accordingly no further reconciliation is provided. INCOMING RESOURCES Recognltlon of Incoming resources These are included in the Statement of Financial Activities ISOFAI when: the charity becomes entitled to the resource5 the trustees are virtually certain they will receive the resources the monetary value can be measured with sufficient reliability Grants and donatlons Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources. Investment Income This is included in the accounts when receivable. Page 7
EXPENDITURE ANO LIABILITIES Llablllty recognftlon LlablSltles are recognlsed as soon as there Is a legal or constructlve obllgation committing the charfty to pay out resources. Pa8e 8