Charity rngistration number 236093 {England and Wales)
ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON
TRUSTEES. ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
C Lord
H Patterson
M Howe
Q Jones
(Appointed 22 January 2024)
Senior management
Dgphne Richardson
Treasurer
Charity number (England and Wales
236093
Principal address
11 St Chad's Street
London
VKC1H 8BG
Auditor
lfjngston Bu￿0￿S Auifft Ltd
308 Ewell Road
Surbiton
Surrey
KT6 7AL
Bankers
HSBC Bank plc
90 Baker Street
London
W1U6AX
CCLA Fund Managers Limited
80 Cheapside
London
EC2B 6DZ
Solicito
Stone lQng LLP Solicito
Upper Borough Court
Upper Borough Vvalls
BAI IRG
Ed￿￿ Coe LLP
2 Str)ne Buildings
Lincoln's Inn
London
WC2A 3TH
Investment advisors
Brewin Dolphin Limited
12 SmFthtleld Street
London
EC1A 9BD

ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON
CONTENTS
Page
Trustees, report
Independent auditor's report
statement of ffinan￿al a￿VitieS
Balance sheet
10
Notes to the financial ststemenls
11-22

ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 OCTOBER 2024
The trustses present their annual report and financial statements for the year ended 31 October 2024.
The financial statements have been prepared in accordan¢e with the accounting policies set out in note 1 lo the
financial statements and Comply with the charity's governing document, the Charities Act 2011, FRS 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charitses SORP "A¢¢ounting
and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in
accordance ￿th the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)..
Obie¢tives and activities
The Church's objective is to maintain, demonstrate, and spread the kn￿edge of Tiuth, as set forth in the Bible and
Sclence and Health with Key to the SCrip￿re$ by Mary Baker Eddy, the Discoverer and Founder of Chrigtian
Science.
Achievements and perforn¢e
Significant aGtivities and achieveftnents against objective5
The Church's activities are directed to the fulfjlment of its object..
.to spread the truth of the healing Christ as
revealed to this age by Mary Baker Eddy.. To achieve this object the Church continued its main activities during the
year of report, namely, holding of public seryices, provision of a Sunday School, maintenance of a Reading Room,
and sponsorship of public lectures.
The Church also shares its premises for the beneffit of the local community, and hosts meetings of committee8
whose work Ès integral to the activities in the UK of The Mother Church, Boston, Massachusetts, USA.
A religious Servi￿ is held every &Jnday at 10-.30 a.m. and a Sunday School is held at the same time for young
people up to the age of 20_ Evèry Wèdnesday evening at 7 pm a meeting 15 held which includes an opportunity for
members of the congregation to testify to the healing power of Christian Science and to Share experiences resulting
trom the study and practice of the religion. A Thanksgiving Servicè is held annually on the fourth Thurs(iay in
Novemb￿. Al our Services and testimony meetings are available online as well as being 'in pèrson, to enable those
who are unable to get to our se¥vi¢es to benefft from the spiritttal inspiration. It also enables people to join from
other countries and different parts of the UK if they do not have access to a church.
The Church maintains at 11 St Chad's Street a Christian ScAence Reading Room and is currenlly open from
10.30am to 2.30 pm on Tuesdays, Thursdays and Fridays each week. Here the Biblè, the Christian Science
textbook, S¢ien¢e and Health wth Key to the Seriplures, by Mary Baker Eddy, her other writings, also other
literature publishèd or authorised by the Christian Science Publishing Society, are avaSlable to be read, borrowed or
purchased.
During the year 2023124 a Christian lecture was held for the publi¢ *) June given by Michelle Nanouche CS8 of
Paris, France. We hosted an event for Christian Scientists in April ￿ere speakers attended from The Mother
Church in Boslon, Massachusetts. Our premises have been used by various mL¢s5¢al ¢harithe$ and individuals for
teaching and concerts as rewired and O¢Gasionally by other local d)arities and community groups in the area for
meetings.
Financial review
The Statement of Financial Activities on page 9 shows net incomlng resources for the year of £17,060 conwared to
net incoming resources of £915,015 in 2023. This is malnly due to expendable endowment fund re¢eived of
£1,000,000 in 2023. Out of this. £1,000,000, £498,800 Wds used to repay thè loan received from the Westminster
Fund in fvll and the rest were invested in ftjll as a current asset investments as per the deed of grant with the donor.
On the income side. the Church has received rental income from office space on the 1st and 2nd floors of the
building of £54.885.
At the year end the Church's unrestrbcted ￿ndS amounted to £4,674,722, comprising of a designated fijnd of
£4,582,000 iellecting the nel book value of the Chtjrch's freehold land and buildings and fair valuè of investment
propety. Nel current assets at the year end were £6[￿,734 compared with £465,107 for 2023.

ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 ocfoBER 2024
Reservgs policy
The Church maintains a General Fund (uniestricted fvndsl to meet17nanclal needs as they arise.
The church as of 31 October 2024 has reserves of £484,460 invested in a portfolio with Brewin Dolphin. This is the
second year we hève accrued considerable reserves thich are in an unrestricted fund. This has enabled us to
create a more solid ffinanaal basis for our charity following the development of our new church building. The
interestldiwdends receivable each quarteT from the reserves are used to supplement our cashflow for the day to day
activities of our Church. Athough we have Iwo thirds of our potential rèntal income from office lets, our donations
from church services are very variable, hence the requirement to maintain an acceptable level of reserves.
We will retain these reserves at a level of at least £400,000 for the n9Xt financial year to supplement our day to day
income and as a Contingency ￿￿asure to maintain the standard of repairs required for our building not only as a
church, bLrt also for t17e offices thich are let on the upper three floors. Also to enable us to develop our outreach to
the public via lectures and the promotion of our church services. We are currently in the process of expanding the
activities of our Reading Room which will require increasing the hours we are open and providing the $ÈNices of a
paid Librttrien dufing 202412025. Funding will al80 be used to athiethse our 8ervice3 and activities more widely in
London.
Investmgnt powers and policy
The tharity looked to maxlmise the return in ter￿￿ of both in¢ome and capital.
The tsuslees have uniestricted powers of investment. Ats permitted by the charity's constilulion, the trustees have
given the investment managers discretion to manage the portfolio within an aweed risk p¥ofie.
Risk Management
The Church depends on donations, and the ientsl income from the upper three lloors of th• Church building. for its
financial sustenance. Financial rese￿eS are a¢¢umulated and invested in a COIF account and in a managed
portfolio with BTewn Dolphin. The Treasurer prepares regular accounts for the Board and for the members. Al
invoices are approved and checked by the Board and the Treasuiei. Direct debits are in Lise loi many a￿Unts.
Approved involces are paid primarily by bank transfer or occaslonal by cheque. Cheques are signed by the
Treasurer and either one or ￿ Board Members.
In addttion to insurance covering contents and property assets, the Church cariies public and émployer's liability
insurance. Trustees are also covered by speafic indemnity insurance. We have recenly undertaken a revaluation of
buildlng costs for irtsurance purposes.
Trnstaes, Going Concern Risk Assessment
The ffinancial model vthich was proposed when the Church moved Inlo the new building, was that the long-lerm
financial security would be ensured as tt)e result of the letting income from the offices on the first, second, and third
floors. Thi5 contlnues to be our aim with adthtional investment income from our portfolio.
We are also confident that other5 charltable Organ￿a￿onS in the Christian Science movement such as the
Westminster Fund, will, if requiTed Nl the ftjture, support a London branch church which is very near to one of the
largest transportation interchanges in Europe, and is a continuing provider of meeting spaces both for a number of
Chiistian Science committees. as well as local communtty charities.
The trustees and all members Continue lo support all the activities of the church in prayer, and they use the
precedent of the tax demar)d made upon our Lord Jesus Christ described in the gospel of Mathew117.27) as an
assurance that their play￿5 will always be answered in the future, just as they have in the past.

ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
Update on progress during financial year ending 31 October 2024 and plans for future periods
Vvhèn planning activwties for Ihe year, the Board has considered the Charity Commission'8 guidance on public
benefit and, in particular, the specifi¢ guidance on charities for the advan¢emenl of religion. Any activlty beyond that
outlined above can only be undertaken as the result of a motion passed by simple majority of membèrs present at
church meeting.
Our rental income during the year was from the letting of floors of office space. We have tried to let the third
floor, however this has proved more difficult due to the reduced demand in the office maiket and was not let in 20231
24. We ￿ntinue to look for a satisfactory resolution so this floor can be put into effedive use.
The generous donation from Third Church of Christ Scientist, London has been invested in a portfolio and the
interest enhance8 our annual income.
An application for Ihe rèmoval of the legal charge on the loan repaid is sljl with the Land Registy and we hope this
completed in 2025.
Our ffirEancial position is still secure and we are grateful for the donations rèceived from members in order to
continue our actfvitses.
Stwcturay govemance and m8nag•mgnt
Legal and Administrative Inf0m￿tIon
The Church is a Registered Charty, No. 236093, and is governed by a Constitution, by Church Rules. and also The
Manual ofThe Mother Church by Mary Baker Eddy, Discoverer and Founder of Christian Science.
Constitutional Inf0m￿tiOn
This Branch Church of The Mother Church, The First Church of Christ, Scientist, Boston, Massachusetts, was
organised on 9 January 1922. Its object is to spread the tfuth of the healing Christ as revealed to this age by Mary
Baker Eddy.
Trustees
The trustees who served during the year and up to the date of Signatu￿ ofthe )Inancial statements were..
Brian Blandford (Chair)
Barbara Lord (Chair)
Mèlwyn Howe
Quentin Jones (Vice chair} Appointed as vice chair on 22 January 2024
Hazel Patterson
Appointed on 22 January 2024
Resigned on 22 January 2024
Appointed as chair on 22 January 2024
Ading Clerk
Brian Blandford until 22 January 2024 and Hazel Patterson sin¢e 22 January 2024
Treosurer
Daphne L Blandford

ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
Recruitment and appointment of trustees
The Churth is a branch of The Mother Church, The First Church of Christ Scientist, Boston, Massathusetts, USA,
but 15 In it's government Complete￿ independent, self-financed and self-govemed. Al branches of the Mother
Church enjoy a congregational form of government. There are no hierarchies and there are no dergy.
The foLtr Board Trustees are Church members who are elected annLsaly by the membership. In practice the
Trustees serve on a rotating basis for up to three years. However, there is no prohibition for a Trustee to serving
more than three years, nor to being elected again after an interval.
There is no formal training, however Trustees do attend appropriate courses where required and update legal and
financlal kno￿edge regularty. They also consult with professional organisations foi regular support of the Trustees,
role. Trustfjes are elected on a rotating basis, so that ne￿Y elected mèmbers of the Board are normalty serving Y￿th
experienced wnembers. Al other Church officers are members, also appointed annually by the Board.
Org8nisational structure
The charity is an uninGoTporated charity.
Funds held as ¢ustodian trustee
Custodian T¥ustee.- The liue of the Church's freehold property at 11 St Chad's Street, LoTrdon WC1 H 8BG is held by
The Official Custodian for Charities.
statement of Thistees. responsibllltles
The tiustees are responsible for preparing the Trustees, Report and the financial statements in ac¢ordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in England and ￿leS requires the trustÉ@s to prepare financial statements for each
financial year which give a true and fair view of the slate of affaiTS of the chaiity and of the incoming resources and
application of resources ofthe charity for that year.
In preparing these financial statements. the trustees are requiied to..
select suitable accounting policies and then apply them consistendy.,
obsewve Ihe methods and prin¢iples in the Charities SORP 2019 {FRS 102).,
make judgements and estimates that are reasonable and prudent.,
stste whether applicable accounting standards have been folowed, subject to any material departures disdosed
and explained in the financial statements., and
prepare the financial statements on the going concern ba51s unless r( is inappropriate to presume that the charity
wll continue in operation.
The trustees are responsible for keeping sufficient accounting records that diselose with reasonable accuracy at any
time the financial positson of the charity and enablè them to ensure that the financial statements comply with the
Charities Acl 2011, the Charty (Accounts and Reports) Regulations 2008 and the PTOVlSions of the trust deed. They
are also responsible for safeguarding the assets of the charty and hence for taknng reasonable steps for the
prevention and detection of fraud and other irregularities.

ELEVENTH CHURCH OF CHRIST, SCIENTIST. LONDON
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
Thè Truslees. was approved bytho Board ofTrustees.
BCLord
Q Jones
Trustso

ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON
Opinion
We have audited the financial statements of Eleventh Church of Christ, Scientist, London (the '¢harity') for the year
ended 31 October 2024 which Comprise the slatemer)t of financial activities. th& balance sheet and notes to the
finandal statements, including significant a¢¢ounting policies. The finanLyal reporting framework that has been
applied in their preparation is applicable law and Unf(ed Ktngdom Accounting Standards. induding Financial
Reporting Standard 102 The Financial Reporting Standard applicable the UK and Republic of Ireland (United
Kingdom Generally Accepted Accounting Practi¢&l-
In our opinion. the ffinancial statements..
glve a true and fair view of the stat8 of the charity's affairs as at 31 October 2024 and of its incoming
resources and application of resources, for the year then ended.,
have been propedy prepared in accordance with United lQngdom Generally Accepted Accounting Piacti¢e'
and
have been prepared in accordance ￿1th the Cha￿lIe$Art 2011.
Basis for opinion
We conducted our audit in accordance wlth Intemational Stsndards on Audrting {UKI IISAS {UK)l and applicable
law. Our responsibilities under those standards are fijrther described in the Audtior's responsibilities for the audi* of
the finanual statements section of our report. ￿ are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financtal statements in the UK, including the FRC'S Ethical
Stsndard, and we have fulfilled oui other ethi¢al Tesponsibililies in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate lo providè a basis for our opinion.
Conclusion$ rÈlating to going concem
In auditing the financial statements, we have conduded that the Trustees, use of the going concern basis of
acwunting in the preparation ofthe financial statements is appropriate.
Basèd on the work we have performed, we have not idents.fied any malerial uncertainties relating to events or
conditions that, individually or collectivety, may cast significant doubt on the charity's ability to continue as a going
concern for a petiod of at least Iwelve months from when the fjnancial ststements are authorised for issue.
Our responsibil￿"e8 and the responsibilthes of the trustees wth respe¢t to going concern are desc¥ibed in the
relevant sections of this report.
Other infom)ation
The other information comprises the information induded in the annual report other than the financial ststements
and our audilorfs report thereon. The trustees ale iesponsible the other infoimation contained within the annual
report. Our opirbion on the ffinancial statements does not cover the other information and we do not express any foTrn
of assurance conclusion thereon. Our responsibility is to read thè other information and, in doing so. consider
whether the other information is materially inconsistent wth the financial statements or our knowledge obtained in
the course of the audit, or othermse appears lo be materially mi5Stated. If we identify suth material inconsistenaes
or apparent rnaterial misstatements, we are required to determine whether this gives rise to a material misstatement
in the financial statements themselves. If, based on Ihe work we have performed. we ¢¢)nclude that there is a
material misststemenl of this othe¥ information. we aTe required lo report that fact.
We have nothuig to report in this regard.
atters on which we are rÈquired to report by exceptlon
We have nothing to report in respect of the followng matters in relation to which the Chaithes (Aecounts and
Reports) Regulations 2008 requires us to ieport to you if, ￿7 our opinion..
the informatiM given in the ffinaniial statements i% incon￿stent In any matsrial respect wth the Tnjstees,
report-, or
sufficient accounting records have not been kept., or
the financial statements are not in agreement Wtth the accounting records. or
we have not received all the information and explanations we reqLtire for our audit.

ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON
Responsibilities ol trustee5
As explained more fully in the statement of Trustees, responsibilities, the trustees are responsible for the
preparation of the finaneial statements and for being satisffied that they give a true and fair view, and for such
internal control as the trustees determine is necessary to enable thè preparation of financial slalements that are free
from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are
responsible ft>r assessing the charity's ability to continue as a going concern, disdosing. as applicable, matters
related to going concern and ijsing the going concern basis of accounting unless the trustees etther inlend to ¢ease
operations, or havè no realistic altemative but to do so.
Auditorfs responsibilities forlhe audit of the financial 5taternents
We have been appointed as auditoi under Section 145 of the Charities Act 2011 and report in ac¢ordanGe wth the
Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance abot*t whethèr the ffinancial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an 2uditor's report that includes tsur opinion.
Reasonable assuran¢e is a high level of a55UTance but is not a guarantee that an audit conducted in accordance
with ISAS (UK) will athys detect a material misststement when it exists. Misstatements can arise from fraud or
ertor and are considered material if, individually or in the aggregate, they COLtld reasonably be expected to influenoe
the economic decisions of users taken on the basis of these fjnancial statements.
Irregularities, including fraud, are ingtanees of non-compliance wth laws and regulations. We design wocedures in
line with our responsibilities, 0￿￿1ned above, to delect material misstatements in respect of irTegulaTities, including
fraud. The extent to ￿lCh our procedures are capable of detecting irtegularities. including fraud i8 detailed below..
Enquiry of management and those charged with governance about actual and potential litigation or claims
and the identification of non-compliance wtth la￿ and regulations.
Reviewing minutes of meetings of those charged wth govemance.
Reviewing financial statement disclosures and testing to supporting documentstson to assess oompliance
th applicable laws and regulations.
Auditing the risk of management override of controls, induding testing journal entries and other
adjustmènts for appropriateness., assessing whether the judgements made in making aceounling estimales
are indicative of a potential bias,. and evaluating the business rationale of any significant transactions that
are unustjal or outside the noimal course of business.
Perfr)rming analytical procedures to identify any unusual or unexpected relationships that may indicate
risks of material misstatement duè to fraud.
Professional scepticism in courtse of the audit and with aud￿ sampling in material audit areas.
Beoause of the inherent limitations of an audit, there is a risk that we wll not detect all irregularthes, including those
leading to a material mi5Statement in the financial statements or non-compliance wth regulation. This risk
increases the more that corryliance wth a law or regulation is removed from the events and transactions reflected
in the financial statements, as we will be less likely to become aware of intstances of non-compliance. The risk is
also greater regarding i￿egUlaritieS occurring due to fraud rather than error, as fraud involves intentional
concealment, forgery. collusion, omission or misrepresentation.
A futher description of our responsibilities is available on the Financial Reporting Coun(il's website at.. https'.11
ww.trc.org.ukJauditorsresponsibilities. This description forms part of our audttoi's report.
Useof our report
This report is made solely to the d)arity's trustees, as a body, accordance with Part 4 of the Charities {A¢¢ourrts
and Report$) Regulations 2008. Our audit work has been undertaken so that we might ststè to the charity's trustees
those matters we are iequired to state to them in an auditor's report and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume responsibility to anyone other than the ¢harty and the charity's
trustees as a body. for our audit work, for thls report, or for the opinions we have formed.

ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON
6AL
Klngston BuTrowes Audlt Ltd {Statutory Audltor)
308 Ewell Road
Surbilon
Surrey
Kf6 7AL
25 June 2025
Kingston Burrowes Audit Ltd is eligible for appointment as auditor of the tharty by virtue of its eligibility for
appointment as auditor of a company under section 1212 of the Companies Act 20LE.

ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 OCTOBER 2024
Unrestricted Endowment
funds
funds
2024
2024
Total Unre5trithd Endowment
funds
funds
2023
2023
Total
2024
2023
Incoma frorn:
Donations and legacies
Charitable activities
Investments
143,274
2,824
68,696
143,274
2,824
68,696
26,908 1.000,000 1,026,908
2,787
2,787
29,859
29,859
Total in¢ome and
endowments
214,794
214,794
59,554 1,000,000 1.059,554
ExPendI￿re on:
Raising funds
Charitable activities
560
140,163
2,804
3,364
140,163
316
316
144.223
144.223
Total expÈnditure
140,723
2,804
143,527
144,223
316
144,539
Net gainslllosses) Dn
investments
12
1100,0001
45,793
154,2071
Net incovnellexpenditurel
(25,9291
42,989
17.060
(84,6691
999.684
915,015
Transfers betsveen
fijrids
508,800
1508.8001
Net movement in
funds
(25,9291
42,989
17,060
424.131
490,884
915,015
Reconciliation of funds:
Fund balances at 1 Novelnber
2023
4,700,651
490,884 5.191,535
4,276,520
4,276,520
Fund balances at 31 October
2024
4,674,722
533,873 5,208,595
4,700,651
490,884 5,191,535
The Statement of financial actniities in¢ludeg all gains and losses recogni¥ed in the year. Al incorne and expenditure
derive from continuing activihes.
The notes on pages 11 to 22 form part of these finanual statements.

ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON
BALANCE SHEET
ASAT 31 OCTOBER 2024
Fixed ass•ts
Tangible &8sets
InveStn￿nt property
Inv8Stments
14
15
3.101.856
1.500,000
3.128,423
i.eoo,c¥Jo
4,fj01.861
4.726A28
17
18
19
5,720
23,962
484,460
112.833
4.272
18,482
440.884
24.185
Debto
Investments
C￿h at bank and in hatwj
626,975
487.823
Crodltors: amounts falllwd due
one year
{20,2411
(22.716)
606.734
465,107
Totst 4#8éts I￿$ current Ilabilltl•s
5,208,595
5,191.535
The fun(Is ofthw ¢h•rlty
Endowmentfvnds
Unrestrirkni ftlnd
23
533,8n
4,674,722
490,884
4,700,651
5.208.595
S.191￿35
notss on pages 11 to 22 forn pariof th8S8 financial statsments.
finanrial statsmgnts were approved by trust￿ on ....
BCLord
Q Jon¢$
Tru$tae
10-

ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
Accounting policies
Charity inf0m￿tIOn
Eleventh Church of Christ, &ientist, London 15 a registered charity, No. 236093, and is governed by a
Conslitijtion, by Churd) Rules. and the Manual. The principal office address ￿ ghjen in the Legal and
Administrative Information page.
1.1 Accounting convention
The financial statements have been prepa¥ed in accordance wth the charhy's gtsverning document, the
Charities Act 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland"
and the Chariues SORP "Accountir)g and Reporting by Charities.. Ststemenl of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Repo￿ng Standard
applicable in the UK and Rewblic of Ireland (FRS 102)" The charity is a Public Benefft Entity as de)Ined by
FRS 102.
The charity has taken advantage of the provisions in the SORP for chartties not to prepare a statement of
cash flows.
The financial statèments have departed from the Charibes (Accounts and Reports) Regulations 2008 only to
the extent required to provide a true and fair view. This departure has involved followng the Statement of
Recommended Piactice for charities applying FRS 102 rather than the version of the Statement of
Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The )Inancial statements ale prepared in steding. which is the fijnclional currency of the charity. Monetsry
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the histoiical cost convention modified to include the
revaluation of investment properhes and certain financial instruments at fail value. The pririapal awounting
poliaes adopted are set out below.
1.2 Going con¢ern
At the time of approving the ffinancial slatements, the trustees have a reasonable expectstion that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus tt)e trustees
continue lo adopt the going concem basis of accounting in preparing the ffinancial statements.
1.3 Charitable funds
Unrestricted funds arè available for use at the discretion of the tsijstees in furtherance of their charitable
objective8.
Restricted funds are subject to Speciffic conditions by donors or wantofs as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the ffinanryal ststemenls.
Endowment ￿ndS are subject to specific condli￿nS by donors that the capitsl must be maintained by the
charity.
1A Incomg
Income is recognised when the chaiity is legally entided to it after any performance condrtions have been met.
the amounts can be measured reliably, and il is probable that ￿cOMe wll be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notiffied
f thè donation, unless perfoiman¢e conditions require defeiral of the amount. Income tax recoverable in
relation to donations recetved under GIft￿d or deeds of covenant is recognised at the time of the donation.
11

ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
A¢¢ounting policies
(Continued)
Legacies are recognlsed on receipt or othemse if the charity has been notified of an impending distributlon.
the amount is known, and receipt is expected. If the amount is not known. the lega¢y is treated as
contingent asset.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic beneffit to
third party, it is probable that a transfer of economi¢ benefits will be required in setllement, and the amount of
thè obligation can be measured reliably.
Expenditure is dassi)led by acbvity. Tha costs of each actiwty are made up of the lotsl of direct costs and
shared ¢osts, induding support CO515 involved in undertaking each activity. Direct wsts attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity and
support eosts which are not attributable to a single activity are apportioned between those activities on a basis
consislent with the use of iesources. Central staff costs are allocated on the basis of time spenL and
depreciation charges are allocated on the po￿On of the assel's use.
1.6 Tangib￿ fu(ed assets
Tangible ffixed assets are initially measured at cost and subseqLFendy measuied at cost or valuation, net of
depreciation and any impairment losses.
Depreciation ￿ recognised so as to w¥lte off the Cost or valuation of assets less their ie&dual values over their
usefvl lives on the following bases..
Freehold land and buildin95
Excluding the estimated c05t of land and its estimated
residual value is depreciated over a period of 50 years
15 % reducing balance and 25°h reducing balance
Fixtures alld fjltings
The gain or loss arising on the disposal of an asset is detèrmined as the difference between the sale proceeds
and the caywng value of the asset, and is recognised in the statement of financial activities.
1.7 Investment property
Part of the charFty's freehold propeity is let for the purpL)se of garning r6ntal income. The property was
measured inthally at cost and subsequenly has been valued informally by a Chartered Surveyor and is
includèd in the )Inancial statements at fair value with changes in fair value recognised in net gainslllosses) on
investments on the statement of Financial Activities.
1 ￿ Fixed asset invesknènts
Fixed asset investments are inilJaNy measured at transaction price excluding transadion Costs, and are
subsequently measured at fair value al each repo￿ng date. Changes in fair value are recognised in net
incomellexpenditure) for the year. Transaction costs are expensed as incurred.
Income from unlisted secuithes is accounted for in the year it ts receivable and when it can be measured
reliably by the ftjnd. Income from deposits is accrued in to the year for which il is due. Investment income
includes all tax recoverable since the fund is not liable to tax on income that is used for ¢haritable putposes.
1.9 Impaimwn* ol fixed assets
At eath reporbng end date, the charity revlews the carrying amounts of its tsngible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to determine the exlent of the impairment
loss (if any).
12-

ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
Ac¢ounting policies
(Continued)
1.10 Slo¢ks
Stocks are ststed at the lower of cost and estimated selllng prS¢e less costs to complete arFd sell. Cost
comprises direct materials and, where applicable, direct labour costs and those overheads that have been
incurred in bringing the stocks to theiT present location and condition. Items held for distribution at no or
nominal consideration are measured the lower of replacement cost and ￿$t.
Net realisable value is the estimated selling price less all estimated costs of Co￿letiOn and costs to be
incurred in markèting, selling and distribution.
1.11 Cash and cash eqUival￿ts
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments wlh original nwturities of three month¥ or less, and bank overdrafts. Bank overdrats are shown
within boriowings in current liabilities.
1.12 Financtal instruments
The charity hag elèrted to apply the piovisions of Section 11 'Basic Financial Instruments, and Section 12
'other Finan¢tal Instruments Issue5, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity be¢omes paty to the
contractual provisions of the instrument.
Finanaal assets and liabilitses are offset, Y￿th the net amounts presented in the ffinancial statèments, when
theie is a legally enforceable right tr) set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneousty.
Baslc finanelal assets
Basic financial assets, which include debtor8 and cash and bank balances, are initially measured at
transaction price induding transa¢tion costs and are subsequently Carried at am0￿￿ed cost using the effective
interest method unless the arrangement constitutes a financing transa(*on, where the transaction is
measured at the piesent value of the fvtUTe receipts di5¢0untsd at a market rate of ￿tereSt. Financial assets
classified as receivable within one year are not amorti8ed.
Inancial liabilities
Basic financial liabilities, Including ¢redf(ors and bank loans are initially r8eognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the prèsent
value of the future payments discounted at a market rate of interest. FinanLYal liabilities Glassi)led as payable
thin one year are not amorised.
Debt instruments are subsequently carried at amortised cost. using the èffective interest rate method.
Trade creditors are obligations tr) pay for goods or services that have been acquired in the ordinary course of
operab.ons from supplièrs. Amounts payable are classified as Current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognltl¢￿ of financlal liabilities
Financial liabilities are derecognised the ch8rity'$ contrathal obligations expire or are distharged or
cancelled.
13

ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
Accounting policies
{Continuedl
1.13 Employee beneftts
The cost of any unused holiday entitlement is recognised in the peiiod in which the employee's seryi¢es are
received.
Termination benefits are recognised immediately as an expense when the charity r6 demonstrably committed
to tsiminate the employment of an employee or to promde teminalion benefits.
1.14 Retirement benèfts
Payments to defined contribution retirement benefft schemes are charged as an expen8e as they fall due.
Critical accounting èstimates antl judgements
In the applicafjon of the charity's accounting policies, the trustees are requiTed to make judgements, estimates
and assumptions about th@ carrying amount of assets and liabilities that are not readily apparent from otheF
sources. The estimates and associated assumptions are based on historical experience and other fa¢tois that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and undertying assumptions are reviewed on an ongoing basis. Revisions to a¢eounting
estimates are recognised in the period in thich the estimate is revised Uthere the revision affects only that
period, or in the period of the revision and future periods where the revision affects both curtent arsd future
periods.
Incomg from donations and legacies
Unrestricted Endowment
funds
funds
2024
2024
Totsl Unrestricted Endowment
funds
funds
2023
2023
Total
2024
2023
Donations and gifts
Legacies
44,250
99,024
44.250
99,024
26,908 1,000,000 1,026,908
143,274
143,274
26,908 1,000,000 1,026,908
Incomè from charitable activities
Unrestricted Unrnstricted
funds
funds
2024
2023
Reading Room salgs
Sale of goods
2,824
2,787
14-

ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
Income from investsnents
Unrestrfcled Unrestricted
funds
funds
2024
2023
Rentsl income
Income from unlisted Invesknents
Irrterest receivable
54,885
13,434
377
28,788
468
603
68,696
29,859
Expenditure on raising funds
Unrestricted Endovmient
funds
funds
2024
2024
Tt)tal Unreslri¢ted EndovAnent
funds
funds
2023
2023
Total
2024
2023
Fundraising and publicity
A(fvertising
560
560
Investment management
2,804
2.804
316
316
Total costs
560
2,804
3,364
316
316
Expènditure on Charitable activitie5
Reading
Roorn
expenses
2024
Reading
Room
axpen5es
2023
Direct costs
Staff costs
Reading room purchases
Musi¢ian fees
1,100
5,030
12,401
5,015
10,869
14,156
18,531
30,040
Share of support and governance costs (see note 8)
Support
121,632
114.183
140,163
144,223
Analysis by fund
Unrestllcted funds
140,163
144,223
15

ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
Support costs allocated to activities
2024
2023
staff costs
Depreeiation
Operating lease charges
Insurance
Committee on publi¢ation
Electricity, telephone and water rates
Computer costs
Repairs and maintenance
Irrecoverable VAT
Public lectures
Bank charges
Sundries
Stattoneries, Books and publications, Printing and Reproduct£on, Postage and
Delivery
Governance costs
11,855
24,567
35,513
12,179
464
21,738
1,256
228
690
3,538
407
493
9,124
25,218
31,167
10.071
805
15,791
855
11,191)
3,657
3.791
569
331
{1,0381
9,742
138
13,857
121,632
114,183
Analysed betweèn:
Reading Room expenses
121,832
114,183
Nel rnovemènt in funds
2024
2023
The nel movemènt in fijnds is stated after chargingl(crediting)'.
Fees payable for the audit of the charty's financial statements
Depreaation of owned tangible fixed assets
Operating lease charges
2,831
24.567
35,513
2,550
25,218
31,167
10 Trustees
A gross salary of £40012023 .' £1,600) was paid to a trustee, Quentin Jones, in respect of his role as Reader
to the Church during the year.
A gross salary of £23312022 '. £Nill was paid to a trustee (from January 20241, Hazel Patterson. In respect
of her role as Reader to the Church during the year.
A gross salary of £1,20012022 - £Nil) vras paid to a trustee, Barbara Lord, in re$pe¢t of her role as Reader to
the Church during the year.
The amount of donations recelved from trustees wthout conditions during the year was £8,682 12023
£7,732).
No trustees expenses were reimbursed or paid by the ¢harty during the year and the previous year.

ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
11 Employe
The average monthly number of employees during the year was=
2024
Number
2023
NumbeT
Administration
Church activities
Totsl
Employment costs
2024
2023
Wages and salaries
other pension costs
12,955
14,110
29
12,955
14,139
There were no employees ￿Ose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneration of key management personnel was as follows..
2024
2023
Aggregate compensation
2,000
2.000
12 Gains losses on investments
Unrestrlcted Endowrne
funds
funds
2024
2024
Total Unrestricted Endowment
funds
funds
2023
2023
Total
2024
2023
Gainsl{losses) arising on:
Revaluation of
investments
Revaluation of investh)ent
properties
45,793
45,793
1100,000)
{ioo.000)
1100,0001
45,793
(54207)
13 Taxation
The charity is exempt from tsxation on its aclivthes because all its income is applied for charitable purposes.
17

ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
14 Tangiblo fLYed assets
Freehold land FÉxtu¥es and
and buiklinus
fittings
Totél
Cost
At 1 Novembei 2023
3,240,094
106,220 3,346.314
At 31 October 2024
3,240,094
106,220 3,346,314
Depreciation and impairn)ent
At 1 November 2023
Depreciation charged In the year
137,094
21,000
82,797
3,567
219,891
24.567
At 31 October 2024
158,094
86,364
244.458
Carying amount
At 31 Oetober 2024
3,Q82,000
19,856 3,101,856
At 31 October 2023
3,103,000
23,423 3,126,423
15 Inveslmènt property
2024
Fair value
At 1 Noven*er 2023
Net gains or losses through fair value adjustments
1.600,000
(100,0001
At 31 October 2024
1.500,000
Investment propety comprises 1st Floor and 2nd Floor. 11 St Chad's Streèt, London WC1 H 8BG. The fair
value of investment prop&ity has been arrived on the basis ol an informal valuation carried out in 2025 by
David Coskne from Wfright and Partners, Chartered Surveyors, who are not connected with the charity. The
valuation was made on an open market value basis by reference to market evidence of transaction price5 for
similar Ixoperties.
16 Fixed assel investments
El￿en1St
Syndicate
Sharns
Cost or valuation
At 1 November 2023 & 31 Octob8r 2024
CaTrying an￿)Unt
At 31 Octobei 2024
At 31 Octobei 2023
18-

ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
16 Ftxed asset inv8Stment5
(Continued)
This represents the cost of fve fully paid £1.00 shares registered Severally in the names of the Church Board
of Trustees.
17 Stocks
2024
2023
Finished goods and good5 for resale
5,720
4,272
18 DebtOTS
2024
2023
Amounts falling duè within one year.
Other debtors
Prepayments and ac¢wed income
1,611
22,351
6,857
11.625
23,962
18,482
19 Currènt asset investrnents
2024
2023
Unlisted investments
484,460
440,884
20 Creditors: amounts falling due within one year
2024
2023
Notes
Other taxation and social Se(￿rity
Deferred income
Tra¢Je crethlors
lkncruals
107
11,587
1,083
7,464
80
21
22,636
20,241
22,716
21 Dèf•rrod income
2024
2023
Other deferred income
11,587
Deferred Income is induded in the financial ststements as followB'.
19-

ELEVENTH CHURCH OF CHRIST, SCIENTIST. LONDON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
21 Deferred income
{Continuedl
2024
2023
Deferred income is included wthin..
Current liabilthes
11,587
Movements in the year..
Deferred in¢ome al 1 November 2023
ReSoUr￿S deferrèd in the year
11,587
Deferred income at 31 O¢tober 2024
11,587
Deferred income of £11,58712023 £Nil) included above relates to rent and rentsl services income received
during the year but relating to lutttre aecounting periods.
22 Retirement benefit schemes
2024
2023
Defined contribution schen
Chargè to profit or loss in respect of deffined contribution schemes
29
The charity operates a deffined ¢ontribution pension s¢heme for all qualifying employees. The assets of the
Scheme are held separately from those of the charity in an independenfty administered fund.
EndOvM￿t funds
Endowment funds represent expendable endowment (providing the ability to spend fvnds wthout having to
distinguish belween capital and income of the investment). Income arising on the endowment tunds can be
used in accordance with the objects tsf the charity and is included as unrestricted income. Any capital galns or
losses arising on the assets form part of the fund.
At1
November
2023
Incoming
resources
Resources
expended
Transfe15
Gains and At 31 October
losses
2024
Expendabla endowments
490,884
12,804)
45,793
533,873
Previous year:
At1
November
2022
Incoming Resources
resources
expended
TM$f•rs
Gains At 31 October
losse5
2023
Expendable
1,000,000
{316)
1508,800}
49U,884

ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
24 UnrestrKted funds
The unrestricted ￿ndS of the Charity comprise fhe unexpended balances of donations and grants which are
not subject to specifjc conditions by donors and grantors as to how they may be used. These include
designated fund5 ￿lch have been set aside out of unrestrlcted fvnds by the Irustees for specific purposes.
At1
November
2023
Incom￿9
Resources
resources expended
Tmsfers
Gains and At 31 October
2024
The deSi￿ated
ftjnd
General lunds
4.703.000
12,349}
121,000)
1119,723)
(100,000)
100,000
4.582,000
92,722
214,794
1100,t)00)
4.700,651
214,794
(140,7231
1100,000)
4,674.722
Prevlous yèar:
At1
November
2022
Incoming
resources
Resources
expendèd
Transfe
Gains and At 31 October
losses
2023
The designated
fund
General funds
4.724,000
1447,4801
{21,000)
(123,223)
4.703,000
{2,3491
59,554
508,800
4,276,520
59,554
(144,223)
508,800
4,700,651
25 Analysls of net assets belween funds
Unrestricted Endowment
funds
funds
2024
2024
Total
2024
At 31 Octobor 2024:
Tangible assets
Investment properties
Investments
Current assetsllliabllltles)
3,101,856
1,500,000
3,101,856
1.500,000
72,861
533,873
606,734
4.674.722
533,873
5,208,595
21

ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
25 Analysis ol nat assets between funds
(Continued)
Unrestricted Endowment
funds
fvnds
2023
2023
Total
2023
At 31 October 2023:
Tangible assets
Investment properties
Investments
Current assetsloiabllities)
3,126,423
1,600.000
3,126,423
1,600,000
{25,777}
490,884
465,107
4,700,651
490,884
5.191,535
26 Operating lease ¢ommitinents
Lèssee
At the year end and previous year end, the chaiity had no annual commrtments under operating leases.
27 Related party transaction5
There were no other disclosable related party transactions during the year12023- none).