THE CHRISTIAN SCIENCE COMMITTEES ON PUBLICATION FOR GREAT BRITAIN AND IRELAND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
THE CHRISTIAN SCIENCE COMMITTEES ON PUBLICATION FOR GREAT BRITAIN AND IRELAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 The Trustees present their report and the financial statements for the year ended 31 St March 2024. REFERENCE AND ADMINISTRATIVE INFORMATION REGisfERED CHARITY No. 230940 PRINCIPALADDRESS Golden Cross House 8 Duncannon Street London WC2N 4JF The Trustees who served throughout the year were:. Mr K Ness Mrs K Sisson Mrs R Harragin Hussey PROFESSIONAL ADVISORS Bankers CAF Bank Ltd. Charities Aid Foundation Kings Hill West Malling Kent ME19 4TA Auditors Kingston Burrowes Audit Ltd 308 Ewell Road Surbiton Surrey KT8 7AL STRUCTURE, GOVERNANCE AND MANAGEMENT The Christian Science Committees on Publication for Great Britain and Ireland is an unincorporated charity, registered charity number 230940. The Goveming Instrument ofthe Charity is Article XXXIII ofThe Manual ofThe Mother Church, The First Church of Christ, Scientist in Boston, Massachusetts {the 'Manual'). The Charity was registered with the Charity Commissioners on 111h June 1964. On 26 May 2021, under s 28012) of The Charities Act 2011, changes were made to some Charity administrative provisions to ensure best practice, including, quorum, voting, and calling of meetings, and included changing the minimum number of trustees to 3. Under those provisions the District Manager, Committees on Publication for Great Britain and Ireland, (the District Manager) and the Manager, Commiltees on Publication (the Manager} become Trustees on appointment to those positions. The third Trustee is appointed jointly by the District Manager and the Manager, in accordance with those same provisions on appointing and removing trustees, contained within the Charity's governing documents.
THE CHRISTIAN SCIENCE COMMITTEES ON PUBLICATION FOR GREAT BRITAIN AND IRELAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 1 cont Kevin Ness, Manager, and Kylie Sisson, District Manager, served as Trustees for the financial year in accordance with this rule and Robin Harragin Hussey is currently Serving as the third Trustee. Kevin Ness ceased to be the Manager on 4 June 2024 and Scott Shivers was appointed in his place. Therefore, and in accordance with the Charity's goveming documents, Kevin Ness resigned as a Trustee and Scott Shivers was appointed as a Trustee on the same day (4 June 2024). Robin Harragin Hussey resigned as the Third Trustee and Jason Salisbury was appointed as the Third Trustee at the Special Trustees, Meeting held on 13th January 2025. New Trustees are provided with a copy of the governing document, copies of reGent minutes and other documents which might be helpful, by existing or previous Trustees. POLICIES Charity policies are reviewed in accordance with the review period stated in the policy. No policies were due for review. Current policies include the following.. Expense Policy (including trustee expenses) Conflicts of Interest and Conflicts of Loyalties Policy Safeguarding Policy Risk Management Policy Investments Policy Volunteers Policy Privacy Policy Trustees adhere to a Trustee Code of Conduct. RISK MANAGEMENT The Trustees have reviewed the risk register and agreed appropriate actions to miligate those risks. OBJECTS AND ACTIVITIES The object of the charity is 'to correct in a Christian manner imposltions on Ihe public in regard to Christian Scien, injustices done Mrs Eddy or members of this Church by the daily press, by periodicals or circulated literature of any sort, (extract from Article XXXIII of The Manual of The Mother Church). The Charity supplies accurate information on Christian scien and its founder to thè press, media in all its forms, other religious organisations, private individuals and public sector institutions, to benefit the public by making more accessible and available the moral, ethical, and spirttual values that Christian Science affords those who study and practice its teachings. It consults with Parliaments and governmental and regulatory authorities on legislative issues that might affecl the availability to the public of prayer-based spiritual healing as understood in Christian Science, and informs Christian Science churches, societies and members of The Mother Church throughout Great Britain and Ireland of certain legislative issues of relevance to the Practice of Christian Science. It handles the appointment. or reappointment, of Assistants and of the multi-county one- person Committees on Publication operating throughoul Great Britain and Ireland (having the same object and aims), and guides their work. The Charity provides information, advice and training (including technical supporti to assist their work.
THE CHRISTIAN SCIENCE COMMITTEES ON PUBLICATION FOR GREAT BRITAIN AND IRELAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 20241 cont ACHIEVEMENTS, PERFORMANCE AND FINANCIAL REVIEW A team ofAssistant Committees, representing branch churches and societies in the Greater London area, helped to keep their members abreast of the charity's activities. Assistant Committees highlight mentions of Christian Science in books and other media, and support the work of the Committee on Publication for Greater London by prayerfully supporting the activities of the office. The charity continued to track published responses in national and local press written by the District Manager's office, multi-county Committees, andlor other Chrislian Scientists during the year. The District Manager's office worked with multi-county Committees lo respond to misapprehensions and misconceptions about Christian Science, Mary Baker Eddy and Christian Scientists published in the press, online and elsewhere, whenever the opportunity arose. Opportunities to address impositions included working with the media, aGademia, online, community groups and individual enquirers. This work also included talking wth other Christian scien organisations and individual Christian Scientists. During the year the work to monitor parliamentary activities in the British Isles for items of importance relevant to the practice of Christian Science continued. Various Consullations and draft Bills and Guidances issued by Government Departments were reviewed. Legislalive bodies included the Westminster and Scottish Parliaments, the Welsh and Northem Irish Assemblies, the Orieachtas in Ireland, the Tynwald in the Isle of Man, and the States Assembly and the States of Guemsey. Committees on Publication were appointed for most jurisdictions in the British Isles, including new Committees on Publication being appointed for Scotland and Ireland. The number of reappointments indicated a high degree of stability which is welcome. We continue to seek to make appointments in jurisdictions in the British Isles currently without a Committee. The website ukchristianscience.Gom continues to reflect responses issued by the office in the press and other media outlets as well as provide answers to commonly asked questions. A Facebook page, 'UKCS' CaleS articles and testimonies of healing published in the Christian Scien periodicals of relevan to the charity's locale. Financial Review Core operating expenses are covered by grants from The Mother Church in Boston. Contributions were also received from Christian Science churches and societies in Greater London. Taking into account liquidity requirements, the higher inter&st-bearing notice deposit account has been retained. Reserves Pollcy Reserves are used to cover the gap between income and expendilure and the Trustees believe the urrent reserves are at an acceptable leve5 to ensure continuance of the activities. At the end of the year the Gharriy held reserves of £89,948 (2023 '. £100,859), of which £10.129 {2023 .' £10,222) is restricted and £79,819 (2023 .' £90,637) is unrestricted.
THE CHRISTIAN SCIENCE COMMITTEES ON PUBLICATION FOR GREAT BRITAIN AND IRELAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 20241 cont PLANS FOR THE FUTURE In fulfilling the charity's purpose 'to correct impositions on the public with regard to Christian Science, injustices done Mrs Eddy or members of Ihis Church by the daily press, periodicals, or circulated literature of any sort . land tol circulate in large quantities the papers containing such an article... (Church Manual. Article XXXIIII, future plans include the following- researching the location. literature, or teachings where misapprehensions wilh regard to Christian Science and injustices to its founder andlor Christian Scientists may be found- working to correct misapprehensions and injustices., monitoring and responding to legislative bodies, government departments and agencies, inspectorates and regulators as appropriate- working with joumalists, academics, authors, legislators and so on, to better facilitate the above., considering ways that the Monitor Gift Fund may be used - a fund with a limitation that can no longer be fulfilled - to enable it to have a slightly broader application, but s*ill aligned with the original intent of the donors to the fund. STATEMENT OF TRUSTEE'S RESPONSIBILITIES The Trustees are responsible for preparing the Trustee's 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 & Wales requires the Trustees 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 inGoming resources and applicalion of reSoUrS of the charity for Ihat year. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently- observe the rnethods and principles in the Charities SORP., make judgments and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going conrn basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial stalements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
THE CHRISTIAN SCIENCE COMMITTEES ON PUBLICATION FOR GREAT BRITAIN AND IRELAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 20241 cont PUBLIC BENEFIT REQUIREMENT The Trustees have complied wilh the duty in SeGtion 17(51 of the Charities Act 2011 to have due regard to guidan published by the Charity Commission concerning the public benefit requirement. APPROVAL The Report was approved by the Trustees on 13 January 2025 and signed by'.- K SISSON TRUSTEE
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE CHRISTIAN SCIENCE COMMirrEES ON PUBLICATION FOR GREAT BRITAIN AND IRELAND OPINION We have audited the financial statements of The Christian SGience Committees on Publication for Great Britain and Ireland for the year ended 31 March 2024 which comprise the Statement of Financial Artivities. the Statement of Financial Position and the notes to the financial statements, including 8 summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended,. have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting Practice., have been prepared in accordan with the requirements of the Charities Act 2011. BASIS FOR OPINION We conducted our audit in accordan with Intemational Standards on Auditing (UK) {ISAs (UKI) and applicable law. Our responsibilities under those standards are further described in the respective responsibilities of the Trustees and auditor section of our report. W8 are independent of the charity in accordan with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We bèlieve that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. CONCLUSIONS RELATING TO GOING CONCERN In auditing the financial statements, we have concluded that the Trustees, use of the going Gonc8m basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant seclions of this report. OTHER INFORMATION The other information comprises the information included in the annual report, other than the financial statements and our auditorfs report thereon. The Trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any fomi of assurance conclusion thereon.
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE CHRISTIAN SCIENCE CoMMIEEs ON PUBLICATION FOR GREAT BRITAIN AND IRELAND Icont In connection wrth our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other infomiation is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have perfomied, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION In the light of the knowledge and understanding of the charily and its environment obtained in the course of the audit, we have not identified material misstalements in the Report of the Trustees. We have nothing to report in respect of the following matters in relation to which thè Charities Act 2011 requires us to report to you if, in our opinion- the information contained in the financial statements is inconsistent with the trustees, report proper accounting records have not been kept., or the fin8n¢isl statements do not agree to the accounting records., or We have not received all the information and explanations we require for our audit. RESPONSIBILITIES OF THE TRUSTEES As explained more fully in the Trustees, responsibilities statement set out Dn page 4, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for suGh internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going conrn basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no realistic altemative but to do so. OUR RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS We have been appointed as auditor under section 144 of the Charities Act 201 q and report in accordan with regulations made under section 154 of that Act. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE CHRISTIAN SCIENCE COMMITTEES ON PUBLICATION FOR GREAT BRITAIN AND IRELAND l¢ont Irregularities, including fraud, are instances of non-compliance with laws and regulations. Wè design prOdureS in line with our responsibilities, outlined above, to detect material misstatements in respect of irregu12rities, including fraud. The extent to which our procedures are capable of detecting irregularities, induding fraud is detailed below.. We obtained an understanding of the legal and regulatory frameworks wilhin which the Gharity operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in Ihe financial statements. The laws and regulations we considered in Ihis context were the Charities Act 2011, FRS 102 and UK tax legislation. We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within the recognition of inGome and the override of controls by management. We did not identify any SnifICant risks in respect of accounting estimates. Our audrt prOdureS to respond to these risks included.. inquiries of management their own identification and assessment of the risks of irregularities., and reviewing regulatory corresponden where available. Our audit ProdureS to respond to management override risks inGluded= sample testing on the posting of journals,. reviewing accounting estimates for biases., and reading minutes of meetings of those charged with governance. Our audit procedures to respond to revenue recognition risks included sample testing of income across the year to agree to supporting documentation, and reviewing income reiVed either side ofthe year end to ensure this has been recognised correctly. As part of an audit in accordanGe with ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. There are inherent limitations in our audit procedures described above. The further removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance and misstatement resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions, collusion or the provision of intentional misrepresentations. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. A further desGription of our responsibilities for the audit of the financial statements is located on the Financi81 Reporting Council's website at www.frc.org.uklauditorsr&sponsibilities. This description forms part of our auditols report.
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE CHRISTIAN SCIENCE CoMMIEEs ON PUBLICATION FOR GREAT BRITAIN AND IRELAND lcont USE OF REPORT This report is made solely to the charity's Trustees, in accordance with Sections 144 of the Charities Act 2011 and the regulations made under Sertion 154 of that Act. Our audit work has been undertaken so that we might state to the charity's Trustees those matters we are required to state to them in an auditols report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ihe charity's Trust88s, for our audit work. for this report, or forthe opinions we have formed. Kingston Burrowes Audit Ltd statutory Auditor 308 Ewell Road Surbiton Sutton Surrey KT6 7AL Date- 2181 January 2025 Kingston BurrowesAudit Ltd is eligible to act as an auditor in tems of section 1212 CompaniesAd 2006.
THE CHRISTIAN SCIENCE COMMITTEES ON PUBLICATION FOR GREAT BRITAIN AND IRELAND STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024 Notes General Fund Restricted Funds TOTAL 2024 TOTAL 2023 INCOME Donations and lega¢ies 374,668 374,668 287,852 Charitsble activlties ContribLrtion from churches and societies in London based on membership 4,655 4,655 5,202 Contribution from The Mother Church 53,421 53,421 36.132 ContribLrtion towards conference 3,393 3,393 3,817 Investments Bank interest 875 875 861 TOTAL INCOME 437,012 437,012 333,864 TOTAL EXPENDITURE (447,830) (93) (447,923) (343,585) NET MOVEMENT IN FUNDS 10 (10,818) (93) (10,911) {9,721) Fund balanS brought forward 90,637 10,222 100,859 110,580 Fund balances carried forward 79,819 10,129 89,948 100,859 The notes on pages 12 to 19 form part of the financial statements. 10
THE CHRISTIAN SCIENCE COMMITTEES ON PUBLICATION FOR GREAT BRITAIN AND IRELAND STATEMENT OF FINANCIAL POSITION 31 MARCH 2024 Notes General Fund Restricted Funds TOTAL 2024 TOTAL 2023 FIXED ASSETS Tangible fixed assets 352 352 863 CURRENT ASSETS Debtors 11,603 11,603 7,804 Cash at bank and in hand 74,421 10,129 84,550 99,114 86,024 10.129 96.153 106,918 CREDITORS Amounts falling due within 8 one year 6,557 6,557 6,922 NET CURRENT ASSETS 79,467 10,129 89,596 99,996 NET ASSETS 79,819 10,129 89,948 100,859 ACCUMULATED FUNDS 10 79,819 10,129 89,948 100,859 The financial statements were approved by the Trustees on 13tr January 2025 and are signed on their behalf by'.- K. Sisson Trustee Registered Charity No. 230940 The notes on pages 12 to 19 fomi part of the financial statements.
THE CHRISTIAN SCIENCE COMMITTEES ON PUBLICATION FOR GREAT BRITAIN AND IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLICIES The principal accounting policies adopted, judgements and key SoUS of estimation uncertainty in the preparation of the financial statements are as follows.. General infomiation The Christian Science Committees on Publication for Great Britain and Ireland is a registered charity in England and Wales and is unincorporated. The address of the principal office is Golden Cross House, 8 Duncannon Street, London, WC2N 4JF. Basis of preparation The financial statemerrts have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) {Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act2011. The Charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note to Ihese financial statements. The financial statements are prepared in sterling. which is the functional currency of the entity, and are rounded to the nearest £1. Exemption from preparing a cash flow statement The charity is a small Gharity and has utilised the small entity exemption from producing a statement of cash flows. Preparation of the financial ststemgnts on a going concern basis The financial statements have been prepared on a going concern basis. The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Judgements and key sources of estimation un¢8rtainty The preparation of the financial slatements requires management to make judgements, eslimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circUmstans. 12
THE CHRISTIAN SCIENCE COMMITTEES ON PUBLICATION FOR GREAT BRITAIN AND IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Icont ACCOUNTING POLICIES cont It is the opinion of the trustees that due to the nature of the entity there are no assumptions or judgements that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. Fund structure Unrestricted general funds are available to be used in accordance with the charitable objerts at the disGrelion of the Trustees. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Reslricted funds are donations which the donor has speGified are to be used solely for particular purposes. Income reeognitlon All income is recognised once the charity has entitlernent to the income, it is probable that the income will be received and the amount of income re1vable can be measured reliably. Where income is reiVed in advance of meeting any perfomiance related conditions and there is not unconditional entitlement to the income, its recognition is deferred and included in creditors as deferred income until the performan conditions are met. Donations receivable for the general purposes of the charity are credited to 'unrestricted funds.. Donations and legacies for purposes restricted by the wishes of the donor are taken to 'restricted funds,. Donated goods are recognised at theirfair value. Donated facilities and services are recognised at the value the charity would pay in the open market for an alternative item that would provide a benefit to the charity equivalent to the donated item. Income from government and other grants, including those in respect of Covid-19, are recognised at fair value when the charity has entitlement after any performan conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. Expenditure recognltlon Expenditure is recognised On there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Governance costs Governance costs include the costs attributable to th8 charity's Complian with constitutional and statutory requirements and have been included as support costs. 13
THE CHRISTIAN SCIENCE COMMITTEES ON PUBLICATION FOR GREAT BRITAIN AND IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Icont 1 ACCOUNTING POLICIES cont Tangible fixed assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Fixtures, fittings and equipment over 3 to 5 years straight line Debtors Debtors are amounts owed to the charity. They are measured on the basis of their recoverable amount. Cash and cash equivalents Cash and cash equivalents are basic financial assets and include cash in hand, deposrts held at call with banks. other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Cash at bank and in hand is held to meet the day to day running costs of the charity as they fall due. Creditors Creditors are amounts owed by the charty. They are measured at the amount that the Gharity expects to have to pay to settle the debt. Leases Operating lease rentals are charged to the Statement of Financial Activities on a straight-line basis over the term of the lease. Financial instruments A financial asset or financial liability is recognised only when the entity becomes a party to the contradual provisions of the instrument. Basic financial assets, which include debtors and Gash and bank balantss, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constFtutes a financing transaction, where the transaction is measured al the present value of the future receipts discounted at a market rate of interest. 14
THE CHRISTIAN SCIENCE COMMITTEES ON PUBLICATION FOR GREAT BRITAIN AND IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Icont Financial assets classrfied as re1vable within one year are not amortised. Basic financial liabilities, including creditors and bank loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the fLrture payments discounted at a market rate of interest. Financial liabililies classified as payable within one year are nol amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when the trusfs contractual obligations expire or are discharged or cancelled. INCOME FROM DONATIONS & LEGACIES General Fund TOTAL 2024 TOTAL 2023 Donation from churches, societies and individuals 500 500 330 Donated goods and ServIS 374,168 374,168 287,522 374,668 374.668 287,852 Income from donated goods and services represents the value of staff costs which are provided by The Mother Church. See Note 11 for further details. 15
THE CHRISTIAN SCIENCE COMMITTEES ON PUBLICATION FOR GREAT BRITAIN AND IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Icont 3 EXPENDITURE By Fund Notes General Restricted TOTAL Fund Funds 2024 TOTAL 2023 Direct expenditure staff costs Professional and other fees and subscriptions 374,168 374,168 287,522 752 752 Rent Printing, postage and stationery Telephone and fax Computer costs Travelling Books and papers Conferences and training Bank charge Miscellaneous Depreciation Loss on disposal of fixe assets 33,987 90 599 5,001 19,549 1,950 9,046 189 33,987 90 599 5,001 19,549 1,950 9,046 189 101 511 30,844 110 471 8,006 3,473 2,108 6,781 192 155 854 205 93 511 445,850 93 445,850 341,605 Governance costs Audit & accounts fee 1,980 1,980 1,980 1,980 1,980 1,980 Total expènditure 447,830 93 447,923 343,585 4 TRUSTEES REMUNERATION AND EXPENSES During the year, two trustees received remuneration from The Mother Church in their capacity as employees (2023.. Iwo}. Th8 legal authority under which the payments are made is the governing document of the charity. Mrs R Harragin Hussey received remuneration of £8,612 (2023.. £42,808), including pension contributions of £574 (2023.. £3,037) for her role in Special Projects Editorial Artivities UKI. Mrs K Sisson received remuneration of £129.683 12023.. £100,613), including pension contributions of £8,600 (2023.. £4,299) for her role as District Manager. No trustees reiVed remuneration from the charity for their role as trustee {2023-. nil}. During the year no trustees received any reimburs8d expenses from the charity in their capacity as Trustee (2023.. nil). 16
THE CHRISTIAN SCIENCE COMMITTEES ON PUBLICATION FOR GREAT BRITAIN AND IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Icont 5 AUDITORS, REMUNERATION TOTAL 2024 TOTAL 2023 Audit of the financial statements All other non-audit services 1.600 380 1.600 380 1,980 1,980 6 TANGIBLE FIXED ASSETS Fixtures, fittings and equipment Cost At 1 April 2023 Disposals 9,091 At 31 March 2024 9,091 Depreciation At 1 April 2023 Eliminated on disposal Charge for year 8,228 511 At 31 March 2024 8,739 Net book values At 31 March 2024 352 At 31 March 2023 863 DEBTORS 2024 2023 Trade debtors Prepayments and other debtors 357 11,246 7,804 11,603 7,804 17
THE CHRISTIAN SCIENCE COMMITTEES ON PUBLICATION FOR GREAT BRITAIN AND IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Icont 8 CREDITORS: amounts falling due within one year 2024 2023 Trade creditors Accruals and other creditors 37 6,520 32 6,890 6,557 6,922 9 OPERATING LEASE COMMITMENTS Lessee At the reporting end date, the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows.. 2024 2023 Within one year Between two and five years 25,620 4,270 25,620 29,890 29,890 55,510 10 FUNDS Balance Incoming Resources Balance 31 Mar 23 Resources Expended 31 Mar 24 The funds comprise.. General Fund Restricted Funds Monitor Gift Fund Channel Islands Fund 90,637 437,012 447,830 79,819 9,278 944 93 9,195 944 100,859 437,012 447,923 89,948 Monitor Gift Fund (now closed to donations) - provides gift subscriptions of The Christian scien Monitor newspaper to appropriate recipients, including Members of the British, Irish and European Parliaments, media and library contacts. County Funds - are being held by the Charity pending appointment of committees to cover the area. 18
THE CHRISTIAN SCIENCE COMMITTEES ON PUBLICATION FOR GREAT BRITAIN AND IRELAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 20241cont 11. RELATED PARTIES The District Manager and four slaff members {2022 District Manager and three staff members) are employed by The Mother Church directly. Their employment contracts and r8porting lines are to officers of The Mother Church although their duties relate to activrties which may also be considered to be within the scope of the Charity. The gross salaries were £311,937 (2023: £242,042), with employer's national insurance of £36,56212023.' £30,109} and contributions to defined contribution pension schemes of £25,569 {2023 - £15,371}. The charity received income of £53,421 (2023.. £36,132) from The Molher Church in respect of rental and other costs. The Mother Church {First Church of Christ, Scientist, Boston, Massachusetts, USA) is the Church organisational body. The Governing Instrument of the Charity is Article XKXIII of The Manual of The Mother Church. 19