Charity registration numbor 236093 (England and Wales) ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON TRUSTEES. ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON LEGAL AND ADMINISTRATIVE INFORMATION Trustees BCLord H Patterson M Howe Q Jones Senlor management Daphne Richardson Treasurer Charfty registration Engtand and Wales 236093 Prln¢lpal address 11 Sl Chad's Street London WC1H 8BG Audltor Ktngston Burrowes Audk Ltd 308 Ewell Road Surbilon Surrey UK F(r6 7AL Bankers HSBC Bank pl¢ 90 Baker Street London W1U6AX CCLA Fund Manager5 Limited 80 Cheapslde London EC2B 6DZ Sollcltors stone King LLP Solicitors Upper Borough Court Upper Borough Walls Bal BA1 1RG EdwSn Coe LLP 2 Stone Buildings Lincoln'5 Inn London WC2A 3TH Investment advisors Brewin Dolphin Limtled 12 Smithfield Street London ECIA9BD ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON CONTENTS Page Trustees. report Ind6p6rtdent auditorfs report statement of financial activities 9-10 Balan￿ sheet 11 Notes lo the financial statements 12-23 ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON TRUSTEES. REPORT FOR THE YEAR ENDED 31 OCTOBER 2025 Thè trustees present their annual report and finan¢io1 statements for the year ended 31 October 2025. The financial ststements have been prepared in a￿rdan￿ with the accounting policies set oul in note 1 to the financial slalements and comply with the charity's governing documerrt, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Chafilies SORP "P£¢ounting and Reporting by Charities.. Statement of Rewmmended Practice applicable to charities preparing their account5 in accordance with the Financial R8porting Standard applicable in the UK and Republic of Ireland IFRS 1021" Objectlves and activitiès The Church's objective is to m8inlain, demonslrale. and spreaol the knowledge of Trlrth, as set forth in the Bible and scien￿ and Health with Key to the Scriptures by Mary Baker Eddy, the Discoverer and Founder of ChrEtian Science. Achievornonts and perforniance &gnificant actlvitigs and achievements against objectives The ChLJich's activities are directed lo the fulfilmenl of its objed.. .to spread the truth of the healing Christ as vealed to this age by Mary Baker Eddy.. To achieve this object the Church continued its main octivities during the year of reFX)rt, namely, holding of public services, provision of a Sunday School, rna1ntenan￿ of a Reading Room, and sponsorship of public lectures. The Church a150 Shares ils premises ￿ the benefit of thè local communty, and hosts meellngs of committees whose work is integral to the activities in the UK of The Mother Church, Boston, Massachusetts, USA. A r81igious service is held every Sunday al 10'.30 a.m. and a Sunday School is held al the same time for young people up to the age of 20. Every Wednesday evening al 7 pm a meeting is held which includes an opportunity lor members of the congregation lo testify lo the healing power of Christian SGience and lo share eXPer￿nceS resulting from the study and practice of the religion. A Thanksgiving Service is held 8nnu811y on the fourth Thursday in November. All our services and testimony meetings are available online as well as being 'in person, to enable those who are unable lo gel to our seN1￿$ to benefit from the spiritual inspiialion. 11 also enables people lo join from other countries and dtfferent parts of the UK if they do not have access to a church localty. The Church maintains at 11 St Chad's Street a Christian Saence Reading Room and is Currently open from 10.30am lo 2.30 pm on Tuesdays, Thursdays and Fridays each week. Here the Bible, the Christian Science textbook, Science and Health wth Key lo the Scriptures, by Mary Baker Eddy, her other writings, al￿ other litemlure published or authorised by the Christian Saence Publishing Soci8ly, are available to be read, borrowed or pur¢h8sed. Ther@ is also aC￿sS lo online irrforwnalion on Christian Science websites. During the year 2024125 a Christian Science lecture wes h8ld for the public in June given by Monique Hertgen CSB of Duingl, France. Our premises have been used by various musical chanties and individuals for leaching and concerts as required and occasionally by other local charities and community groups in the area for meeting8. Financial revlew The Statement of Financial Aetivlties on page 9 shows net incoming resources for the year of £904.758 compared to nel incoming resoLJrces Df £17,060 in 2024. This is mainly due lo legacies received of £903,198 in 2025. On the income side, the Church has received rental income from office space on the 1 st, 2nd arKI 3Td fl(K)rs of the building of £58,884. Al the year end, the Church's unreslri¢t8d ftjnds amounted lo £5,541.177 comprising of a designated lund of £4,561,000 rellecting the net book value of the Church's freehold Eand and bull dings and fair value of investment property. Nel current assets 81 the year ènd were £407,421 compared wlh £122,274 for 2024. ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 R8seryes poliGy The Church maintsins a General Fund (unrestricted ￿nds) lo meet financial needs as they aTise. There is also a separate account of £100,000 for essential repairs to the building. The church as of 31 October 2025 has r6serves Of £1,121,38812024'. £484,460) invesled in a Portfolio Brewin Dolphin. This is the third year we have 8ccrued Considerable reserves which are in an unr8slricled ftjnd. This has enabled us lo creat8 a more solid financial basi5 for our charil y following the development Df our new church building. The inleresvdividends reeeivable each quarter from the reserves are used to supplement our cashflow for the day lo day activities of our church. Although we have two thirds of our potential rental income from office lets, our donations from ¢hLJrch services are very variable, hence the requirement lo maintsin an acceptable level of reserves. will relain these reserves at a level of al least £500,000 for the next financsal year lo supplement our day lo day income and as a contingency measure lo maintain the standard of repairs required for our building not only as a church. bul also for the offices which are let on the upper three floors. Also lo enable us to develop our outreach to the public via lectures and the promotion of our church setvices. We are currently in the process of expanding the adivities of our ReaLling Room which will require increasing the hours we are open. Funding will also be used lo advertise our services and 8¢tivilies more w¢dely in London. We are also installino a new improved amplification. streaming arxl camera system for our online and in-person congregation. Investment powers and policy The charity looked to maxlmise the retum in terms of both income and catsl. The trustees have unrestricted powers of investsnent. As permitted by the charity's constitution, the trustees have given the church's investment managers Brewin Dolphin UK discretion to manage the portfolio within an agreed risk profile. Each year at le8St tyvo of the trustees and the treasurer meet with our assigned F)Ortfolio managor at Brewin Dolphin to assess the performance of the portfolio is salisfaclory given the current financial markets worldwide and our risk level which is low lo medium. Our current policy is not to draw Qown on our investments at present and to manage our d8y-l¢>day financial needs from our regular income from donations, rentals and interest payments. Risk Management The Church depends rjn donations, and Ihe rental income from the uppor three floors of the Church ￿ik*Ing, for Ils financial su8lenan¢e. Financial reserves are accumulated and invested in a COIF a￿ount and in a managed portfolio with Brewin Dolphin. The TreasLtrer and bookkeeper prepar8 regular accounts for the Board and for the members. All invoices are approved and checked by the Board and the Treasurer. Direet debits are in use for many accounts_ Approved invtsiees a￿ paid primarily by bank transfer or occasional by cheque. Cheques are signed by the Treasurer and either one or two Boarcl Members. In addition to insurance eovering conl8nts and property assets, the Church carries public and employer's liability insurance. Trustees are also covered by sp￿lfi¢ indemnity insurance. We h8ve recently undertaken a revaluation of building costs for insurance purposes. ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Trustees. Golng Concem Risk Assessment The financial model which was proposed when the Church moved into the new building, was that the k>ng-lemi financial security would be ensured as the result of the lelling income from the offlces on the first. second, and third floors. This continues to be our aim with additional investment income from our portfolio. are also confident that others charitsble organisations in the Christian Science movement such as Ihe ￿￿$1M1nSter Fund, will, if reqUI￿d in the fthure, SUPPDrt a London branch church which is very near to one of the largest transportation interchanges in Europe, and is a continuing prOV￿er of meeting spa￿$ both fr)r a number of Christian Saence CoM￿lttees, as well as local community charib"es. The trustees and all members continue lo support all the activllies of the church in prayer, and Ihey use the precedent of the tsx demand made upon our Lord Jesus Christ described in the gospel of Matthew117.27} as an assurance that their prayers will always be answered in the futu￿, just as they have in the past. Update on progress durlng flnancial year ending 31 October 2025 and plans for future perlods INhen planning activities for the year, the Board has considered the Charity Commission's guidance on public benefit and, in particular. the specific guidan￿ on charities for the advancement of religion. Any activity beyond that OLrtlined above can only be undertaken as the result of a motion passed by simple majority of members present at a church meeting. Our rental income during the year was from the letting of three fioors of office space for the majority of the year. The first floor is now vacant from early October. The generous donation from Third Church of Christ Scienlisl, London has been invested in a portfolo and the Interest enttan￿$ our annual income. There has also been a bequest from a former member of £900,000. At least £500,000 has been invested with Brewin Dolphin. An application for the removal of the legal charge on the loan repaid is still with the Land Registry and confirmation of removal should be received in early 2026. Our fina￿1￿[ position is still secure and we are grateful for the donation8 ￿ceIVed from members in order lo continue our activities. ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 structure? governance and management Legal and Admlnistrativo Information The Church is a Registered Charity, No. 236093, and is govemed by a Conslilulion, by ch￿￿h Rules. and also The Manual of The Mother Church by Mary Baker Eddy. Discoverer and Founder of Christian Scienc@. We currently have four trustees on our board. There is provision for a maximum of five and a minimum of three trustees in our Constitution. All our trustees have previously served and have considerable experience of serving on boards of Christian scien￿ churches and other activities including those of Chnstian Saence. We do work closely with the Charity Commission to ensure that the trustees are following their requirements. Trustees can att&nd courses piovided by our investors lo keep up to dale with current regulations. There would be an induction for any new tnjstee who has not served before, and the board aims lo maintain expellenced trustees on the board al all limes. The board of trustees has regulai meetings and works closely with the treasurer. Most decisions are made by the board and then members are advised at regular rnembers, meetings in particular where high-cost contracts such as insurance or maintenance are Involved. The church has no full-lime employees. A small number of individuals undertake part-time roles for th8 church and receive regular honorarium payments which are processed through PAYE payroll. For accounting and reporting purposes, these Individuals are treated as employees. Other activities are I￿rried out by volunteers or by self-employed contractols paid againsl invoices. Constitutional Infomlatlon This BranGh Church of The Mother Church, The First Church of Christ. SaentlSt. 8oston, Massachusetts, was organised on g January 1922. Ils object is to spread the truth of the healing Christ as revealed to this age by Mary Baker Eddy. Trustees The trustees who 8eNed during th8 y8ar and up to the date of signature of the financi81 statements were.. Barbara Lord Ivice Chair) 1 November 2024- 7 April 2025. Appointed as Vice Chair from 7 April 2025 Melvyn Howe Quentin Jones (Chairl Hazel Patterson 1 November 2024 - 7 April 2025. Appointed as Chair from 7 April 2025 Actlng Clerk Barbara LordlHazel Patterson Treasurer Daphne L Blandford Recwitment and appoinlmenl oftfust￿S Th8 Church is a branch of The Mother Church, The First Church of Christ Scientist, Boslon, Massachusetts, USA. bul is in il's government completely independent, self-financed and self-governed. All branches of the Mother Church enjoy a congregational form of government. There are no hierarchies and there are no clergy. The four Board Trustees are Church members who are elected annually by the membership. In practice the Trustees serve on a rolaling basis for up to three years. However. there is no prohlbillon 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 financial kno￿edge wularly. They also consult with professional organisations for regular support of the Trustees, role. Trustees a￿ elected on a rotating basis, so that n￿Y elected members of the Board are normally sorving swth experienced memb¢rs. All other Church ofticers are members, also appDinted annually by th• Board. ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 0oanlsat1onalsf￿C1Ure The charity is 2n unin(x)rporaled tharity. Funds held as eustodian trusteo Cuslodian Trustee.. The title of the Chttrth's freehold propeity at 1t St Chad's Street. London ￿￿1H 88G is held by The Offlcial Custoclian for Charities. statement of Trustee5' responslbllittes The twstees are responsible for preparing the TnE5tees' Report and Ihe finarrial statements in accordance with applicable law and United ￿￿dorn A¢wynlin9 Standards (United Kingdom Generalty Accepted Acujunbng Practi￿1. The Iw appll¢able to Charit￿$ in England and Wales requlr¢5 the tntstees to prepare financial $tstements for ep¢h financial year which give a true and fair view of the stale ol affrairs ol the charity and of the incoming resources and application of ￿soUrCeS of the charity for that year_ In preparing these financh?I statements, the trustees ar8 reguired to.. - select sustable acD)unting poliL?e5 and then apply them consistently.. observe thè rn&thods and prinLYplès in the Charities SORP 2019 IFRS 1021.. - make judgemènts 8fKI estimate5 that are reasonable and pwd6nt-, state whether applicablè accounting standards have been followed, subject to any m8teri81 departure5 di5Glosed and explained In Ihe financial ststetllents- and prepa￿ the fin•n¢ial statements on Ihè going con￿r￿ ba$ls U￿leSS it is Snappropriate lo presume that the charity will continue in operat¥)n. The twstees are responsible for keeping sufficient aG¢ounling records that dssclose with reasonable a￿￿r8¢Y at any time the finan¢ial posilion of thp charity and enable thern to ensure that the financial statements ¢omply with Ihe Charlties Act 2011. the Charléy IA(£ounts and Reports) Regulattons 2008 and the provisions of the trust deed. They ar8 also responsibl8 for safeguarding the assets of the charity and h8llC8 for taking reasonable Steps for the prevention detection of frawj and other iwregularib85. The Trustees. report Was 8FWll)ved by th8 Board ot TTUStees. BCLord ice Chair H P*terson Thistse Date. 3..1.. YI 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 'charitll for the year ended 31 October 2025 which comprise the statement of financial activities, the balance sheet and notes lo the financial statements, including Significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Acetsunling Standards, including Finanoal Reporting Standard 102 The Fin&nci&l Reporting Slandard applicable in the UK and Ropublic of lTrl&nd (United Kingdom GenerallyAccepled Accounting Practice). In our opinion, the financial slalemenls.. give a true and fair view of the stale of the charity's affairs as at 31 October 2025 and of its incoming reSoUr￿S and appSicalion of resources. for the year then ended., have been properly prepared in a￿rdance wtih United Kingdom Generally A￿pted Accounting Practi￿.. and have been prepared in accordance with the CharitiesAct 2011. Basis for opinion We conducted our audit in accordance wth Inlornational Standards Dn Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under thosè standards are further described in the Auditors responsibilities for the audit ol the financial statements section of our report. We are independent of the charity in accordance 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 believe that the audit evidence we have obtsined is sufficient and appropllate lo provide a basls for our opinion. Concluslons relatlng to golng Goncern In auditing the financial slatemenls, we have concluded that the Trustees, use of the golng concem basis of accounting in the preparation of the financial slalemenls is appropriate. Based on the work we have performed, we have not identified any materi81 uncertainti@s relating lo events or conditions that, individually or collectively, may cast significant doubt on the cl)arity's ability lo continue as a going concem for a perioLI of at least twelve months from when the financial statements are authorised for issue. Our responsibilFties and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this report. other Infomiatlon The other information ￿MpriseS the information induded in the annual rèport other than the financial slalements and our auditorfs report theroon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any fom of assuran￿ conclusion Ihereon. Our responsibility is lo read the other information and, in doing so, consider whether the other information is materially inconsislenl wrth the financial statements or our knowledge obtained in the course of the audit, or otherwise 8ppeaTS lo be materially misstated. If we identify such material inconsistencies or apparent material misslalements. we are required to determine whether this gives rise lo a malerigl misstatement in the financial statements themselves. If, based on the work we have performed. we conclude that there is a material misstatement of this other infornation. we are required lo report that fact. We hav8 nothing to report In thls regard. Matters on whlch wo are required to report by exception We havg nothing to report Tll Te5pect of the followng matter5 in rel*ton to which the Charities (Accounts and Reports) Regulations 2008 requires us to report lo you if, in our opinion.. the information given in the financial slalemenls is inconsistent in any material respect wth the Tnjstees, report- or SLthcient accounting records have not L*en kept., or the financial slalemenls are not in agreement with the accounting records., or we have not received all the information and explanations we require 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 of trustees As explained more fully in the statement of Trustees. responsibilities. the trustees are responsible for the preparation of the finan￿al slalemènls and for bèing satisfied th81 they give a true and fair view, and for such internal control as the trustees determine is necessary lo enable the preparation of financial statements that are free from material misstatement, whether due to fraud or emr. In preparing the financial ststemenls, the Iruslees are responsible for assessing the charity's ability to continue as a going concem, disclosing, as applicable, matters related lo going concem and using the going concern basis of accounting unless the trustees either intend to cease operations. or have no realistic alternative but lo do so. Audltorfs respon$lblllti8s for the audit of the flnanclal statements We have been appointed as auditor under section 145 of the Charities Act 2011 and report in acwrdan¢e ￿th the and relevant regulations made or having effect Ihereun(Jer. Our objectives are lo obtsin reasonable assurance about whether the financial ststements 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 levèl of assuran￿ bul is not a guarantee that an audit ¢ondu¢ted in accordance with ISAS IUKI wll always detect a maleTial misstatement when il exists. Misslatemenls Can arise from fraud or error and are considered material if, individually or in the aggregate, they could ￿aSonablY be expected lo influen the economic deGisions of users taken on the basis of these financial slalemenls. Irogularities, induding fraud, are InStan￿S of non-eompliance with laws and regulations. We design procedures in line with our responsibilities, outlined above. to detect material misslatemenls in respect of irregularities, including foud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. Erwuiry of management and Iho8e charged with govemance about actual and polenlial liiigation or daims and the identification of non-compliance withlaws and regulations. Reviewing minutes of meetings of those charged with govern8nce. Reviewing financial statement disclosures and testing to supporting documentation lo assess compltance th applicable laws and regulations. Auditin9 the risk of management override of controls, including testing journal 8ntri8s and othèr adjustments for appropriateness," assessing whether the judgements made in making accoLrnting estimates a￿ indicative of a potential bias,. and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. Perfoming analytical procedures to id6nlify any unusual or unexpected relationships th* may indicate risks of material misslalem&nt due lo fraud. Professional scepticism in course of the audit and ￿th audit sampling in material audit areas. Because of the inherent limitations of an audit. there is a risk that we will not detect all Irregularities, Including those leading to a material misslalement in the financial statements or norbcompliance with regulation. Thi8 risk increases the More that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we wll be less likely to become aware of instsnces of non-compliance. The risk is also greater regarding irregularities occurring due lo fraud rather than error, 89 fraud involves intentional concealment, forgery. Collusion, omission tsr misTèpresentstion. A further description of our responsibilities is available on the Finanaal Reporting CouncAI's website at.. https.'Il www.frc.org.uklauditorsresponsibilitie$. This description forms part of our auditor's report. Use of our report This report is made solely to the charity's ttuslees, as 8 body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been Ljndertaken so that we might stsle lo the charity's trustees those matters we are required lo stste to them in an auditor's report and for no oth&r purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the charity and the charit￿$ trustees as a body, for our audit wo￿, for this 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 Klngston Burrowes Audlt Ltd (Statutory Audltorl 308 Ewell Road Surbiton Surrey Kf6 7AL UK 25 June 2026 Kingston Burrowes Audit Ltd Is eligib18 for appointrnenl as auditor of the charity by virtuè of its eliglbllity for appointment as auditor of a company under section 1212 of the CompaniesAct 2006. e4 i C￿ (44 17) <0 ro In tr4 Irj J ct) 7) th U) (g o o) YJ * tyTIy ELEVENTH CHURCH OF CHRIST, SCIENTIST. LONDON BALANCE SHEET AS AT 31 OCTOBER 2025 2025 2024 Flxed assets Tanyible a&8ets Investrnent property Inv851rnents 15 16 17 3.084,539 1,500.000 1,121,393 3,101.856 1,500.(KJO 484,465 5.705.932 S,086,321 CuYr•nt assets Stoths Debtors Cash at bank and In hand 5,5( 13,744 463.755 5.720 23.9￿￿ 112.833 19 483,004 142,515 CreditoTr: amounts falllng due with5 one year 20 (75.5831 (20.2411 Net current assets 407,421 122,274 Total assets legs current liabd5tles 6,113,353 5,208,595 The funds orthe charity Endowment funds Uniestrirled funds 572.176 5,541.177 533.873 4,674.722 6,113.353 5,208,595 The notes on p*Jes 12 to 23 fomi part of these financial statemeAt$. The financial 5tatemenls were approved by the Iwstees on ............ 8CLord Vlee Chalr H Patterson TnMtse ELEVENTH CHURCH OF CHRIST, SCIENTIST, LONDON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Accounting pollclos Charity infomatlon Eleventh Church of Christ, Scientist. London Is a registered charity, No. 236093, and 15 governed by a Conslitulion, by chU￿h Rules, and the Manual. The principal office addross is given in the Legal and Admini$trativ& Information page. 1.1 Basls of preparatlon The financial slalemenls have been Fxepared ift a￿OrdanCe with the charity's governing document, the Charities Act 2011, FRS 102 'The Finanual Repcirting Standard applicable in the UK and Republic of Ireland and the Charities SORP "Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable to charities preparing their accounts in a￿ordanCe with the Financial Reporting Standard applicable in the UK and Republic of I￿%and