Charity Registration No. 236171
FIRST CHURCH OF CHRIST, SCIENTIST, POOLE
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Harrisons
4 Brackley Close Bournemouth International Airport
Christchurch Dorset BH23 6SE
FIRST CHURCH OF CHRIST, SCIENTIST, POOLE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mrs A H Evans Mrs D Howell Mr B Roberts
Charity number 236171 Principal address 2A Church Road Lower Parkstone Poole Dorset BH14 0NN
Independent examiner
Harrisons Chartered Accountants 4 Brackley Close Bournemouth International Airport Christchurch Dorset BH23 6SE
FIRST CHURCH OF CHRIST, SCIENTIST, POOLE CONTENTS Page Trustees, report Independent examiner's report Slalemenl of financial activities Balance sheet Notes lo the financial slalements 6- 11
FIRST CHURCH OF CHRIST, SCIENTIST, POOLE
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their annual report and financial statements for the year ended 31 December 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".
Objectives and activities
The object of the Church is to provide religious services in accordance with the Church Manual of The First Church of Christ, Scientist, in Boston, Massachusetts, USA.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
In 2015 the members unanimously approved a Board resolution to increase our donations to various Christian Science charities and to increase funds on outreach works to the local community. In 20 17 we increased our annual contributions to UK based Christian Science.
In addition, to enhance our outreach to the local community between January 2016 and February 2019 we employed a full time Reading Room Manager at a gross salary of £1,950 per month. This was to enable the public to access a large range of communication resources during normal shop hours, including the Bible, Science and Health with Key to the Scriptures as well as a full range of literature published by the Christian Science worldwide headquarters in Boston USA in printed and electronic form.
In 2015 we also upgraded communication facilities to include new computers and wider window display screen.
When the UK was in lockdown at the beginning of the year, the Reading Room was closed but the window was frequently renewed and literature distributed. In April 2021 the Reading Room reopened to the public and throughout the rest of the year was open three and a half days a week.
The Church building was closed virtually the whole year until November due to Government restrictions and preparations to continue services on Zoom when returning to the Church building. Services have continued online and have enabled more people to access Church services from the local community, further afield in the UK and even in South Africa. Equipment was installed in the Church building in October to enable the services to be transmitted on Zoom. Since reopening the Church building in November hybrid services have been held with congregations both in the building and online.
Financial review
The trustees wish to draw attention to the increase in donations received this year and the charity making an overall surplus of £ 5,861 ( 2020 : deficit of £ 21,925 ) and are grateful in particular to the Dagny Raymond Trust for the generous donation of £22,641.
The unrestricted funds are in surplus by £ 314,018 ( 2020 : £ 308,157 ) of which £ 189,468 is made up of freehold property. The general fund is available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
The designated freehold property fund represents restricted funds utilised at the discretion of the trustees for the purpose of purchasing and improving the freehold property and other assets. Freehold property purchases and improvements, together with revaluation gains and losses on this property, are retained as part of this fund.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
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FIRST CHURCH OF CHRIST, SCIENTIST, POOLE TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 structure, govèrnance and managemgnt First Church of Christ, Scientis( Poole is an unincorporated organis*ion founded in 1916 as a branch ol The First Church ol Christ, Scientist, in Boslon, Massachusetts, USA, IThe Mother Chur¢hl, and is regis18red with the ChaTity Commission as Charity No. 236171. The trustees who served during the year and up to the date of signature of the financial statem&nl8 were= MrsA H Evans Mrs D Howell Mr B Roberts New trustees are selected by the members in Gener81 Meeting and a majority vote of those present is necessary lo make the seJeGtion. There is an Executive Board consi81ing of thfee to five members elected annuslly by the Church membership. Officers in addition to this consist of :. al First and Second Raaders bl President ¢1 Librarian dl Sunday School Superintendent el Clerk n Treasurer The trustees, report was approved by the Briard ofTiuslee3. MrsA H Evans Trustee Dated." 11 July 2022
FIRST CHURCH OF CHRIST, SCIENTIST, POOLE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FIRST CHURCH OF CHRIST, SCIENTIST, POOLE I report lo the trustees on my examination of tha financial statements of First Church of Christ, Scien1181. Poole Ilhe charity) for the year ended 31 Dembe* 2021. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the finanaal $laternents In accordance with thè requirements of thè Charities Act 2011 (the 2011 Act). I raport in respect of my examin81ion of the charity's financial statements carried out under seelion 145 of the 2011 Act. In carrying out my examination I have fo15owed all the applicable Directions given by the Charity Commission under secb'on 14515llbl of th8 2011 ACL Indeppndent examlneWs statEment I have completed my exarnination. I confirm that no matters have come lo my attention in connection with the examinats'on giving me cause to believe that in any material respect.. accounting r8coids werè not kept in rgspect of the ch8rity as required by section 130 01 the 2011 Act,. or th? financial statements do not accord with those recgrd3". or the financial statements do not CoMY with the applieable requirements conc&ming the fomi and Content of aceounls set out in th6 Charilies (Accounts and Reports) Règulations 2008 other than any requirement that the ac¢ounts 98 8 true and fair view which is not 8 matter ¢onsidered as p8rt of an independent examination. I h8ve no concerns and have come across no other matters in connecbon with the examination lo wh attention should be drawn in this report in order lo enable a proper understanding ol the financial slatemènls to bo reached. Harriso hartered Accountsnts Harrisons 4 Brackley Close Boumemoulh Intemational Airport Christchurch Dorset BH23 6SE Dated.. 11 July 2022
FIRST CHURCH OF CHRIST, SCIENTIST, POOLE
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds |
||
| 2021 | 2020 |
||
| Notes | £ |
£ |
|
| Income from: | |||
| Donations and legacies | 3 | 31,978 | 8,593 |
| Charitable activities | 4 | 2,984 | 1,898 |
| Investment income | 5 | 12,790 | 12,247 |
| Total income | 47,752 | 22,738 |
|
| Expenditure on: | |||
| Charitable activities | 6 | 41,891 | 44,663 |
| Net income/(expenditure) for the year/ | |||
| Net movement in funds | 5,861 | (21,925) |
|
| Fund balances at 1 January 2021 | 308,157 | 330,082 |
|
| Fund balances at 31 December 2021 | 314,018 | 308,157 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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FIRST CHURCH OF CHRIST, SCIENTIST, POOLE BALANCE SHEET AS AT 31 DECEMBER 2021 2021 2020 Notes Fixed assets Tangible assets 193,823 197,969 Current assets Stocks Deblors Investments Cash at bank and in hand 10 11 12 1,584 1.903 112,519 5,279 1,574 2,330 92,345 15,439 122,285 111,688 Credliors.. amounts falllng due wlthln on8 y8ar 13 11.8901 {1.5001 Nel current assets 120,395 110,188 Totsl a88ets less current liabiliti 314,018 308,157 Fund8 of the chaTrty Unrèslroctsd fund8 314,018 308,157 314,018 308, 157 The flnanGiai ststemenls were approved by the Trustees on 11 J(tly 2022 Mrs A H Evans Trust99
FIRST CHURCH OF CHRIST, SCIENTIST, POOLE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
1 Accounting policies
Charity information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 2A Church Road, Lower Parkstone, Poole, Dorset, BH14 0NN.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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FIRST CHURCH OF CHRIST, SCIENTIST, POOLE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold buildings 2% straight line Fixtures and fittings 10% straight line Equipment 5% straight line
Freehold land is not depreciated.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities .
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible 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 extent of the impairment loss (if any ) .
1.8 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell .
1.9 Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
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FIRST CHURCH OF CHRIST, SCIENTIST, POOLE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2021 | 2020 | |
| £ | £ | |
| Donations and collections | 26,788 | 6,543 |
| Covenants and gift aid | 5,190 | 2,050 |
4 Charitable activities
| Reading | Reading | |
|---|---|---|
| room | room | |
| 2021 | 2020 | |
| £ | £ | |
| Sales within charitable activities | 2,984 | 1,898 |
5 Investment income
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2021 | 2020 | |
| £ | £ | |
| Rent receivable | 12,616 | 11,400 |
| Interest receivable | 174 | 847 |
| 12,790 | 12,247 |
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FIRST CHURCH OF CHRIST, SCIENTIST, POOLE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
6 Charitable activities
| Church activities Reading room 2021 2021 £ £ Charitable activities 1,676 6,115 Share of support costs (see note 7) 24,901 7,545 Share of governance costs (see note 7) 1,654 - 28,231 13,660 Support costs Support costs Governance costs £ £ Church Activities 32,446 - Legal and professional - 1,654 32,446 1,654 Analysed between Charitable activities 32,446 1,654 |
Total 2021 Church activities Reading room 2020 2020 £ £ £ 7,791 7,789 4,280 32,446 22,815 7,855 1,654 1,924 - 41,891 32,528 12,135 2021 Support costs Governance costs £ £ £ 32,446 30,670 - 1,654 - 1,924 34,100 30,670 1,924 34,100 30,670 1,924 |
Total 2020 £ 12,069 30,670 1,924 44,663 2020 £ 30,670 1,924 32,594 32,594 |
|---|---|---|
7 Support costs
Governance costs includes independent examiners fees of £ 1,654 (2020- £ 1,624 ) .
8 Trustees
None of the trustees received any remuneration or benefits from the charity during the year .
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FIRST CHURCH OF CHRIST, SCIENTIST, POOLE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
| 9 Tangible fixed assets Freehold land and buildings Fixtures and fittings Equipment £ £ £ Cost At 1 January 2021 355,676 17,596 9,348 Additions - 3,224 - At 31 December 2021 355,676 20,820 9,348 Depreciation and impairment At 1 January 2021 159,274 16,029 9,348 Depreciation charged in the year 6,934 636 - At 31 December 2021 166,208 16,665 9,348 Carrying amount At 31 December 2021 189,468 4,155 - At 31 December 2020 196,402 1,567 - 10 Stocks 2021 £ Total stock 1,584 11 Debtors 2021 Other debtors 1,715 Prepayments and accrued income 188 1,903 12 Current asset investments 2021 £ Short term deposits 112,519 13 Creditors: amounts falling due within one year 2021 £ Accruals and deferred income 1,890 |
Total £ 382,620 3,224 385,844 184,651 7,570 192,221 193,623 197,969 2020 £ 1,574 2020 2,330 - 2,330 2020 £ 92,345 2020 £ 1,500 |
|---|---|
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FIRST CHURCH OF CHRIST, SCIENTIST, POOLE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
14 Unrestricted funds
The income funds of the charity include the following unrestricted funds:
| Movement in funds | Movement in funds | |||
|---|---|---|---|---|
| Balance at | Incoming | Resources | Balance at | |
| 1 January 2021 | resources | expended | 31 December | |
| 2021 | ||||
| £ | £ | £ | £ | |
| Freehold property fund | 196,402 | - | (6,934) | 189,468 |
| General fund | 111,755 | 47,752 | (34,957) | 124,550 |
| 308,157 | 47,752 | (41,891) | 314,018 |
|
| Movement in funds | ||||
| Balance at | Incoming | Resources | Balance at | |
| 1 January 2020 | resources | expended | 31 December | |
| 2020 | ||||
| £ | £ | £ | £ | |
| Freehold property fund | 203,336 | - | (6,934) | 196,402 |
| General fund | 126,746 | 22,738 | (37,729) | 111,755 |
| 330,082 | 22,738 | (44,663) | 308,157 |
The designated freehold property fund represents unrestricted funds utilised at the discretion of the trustees for the purpose of purchasing and improving the freehold property.
15 Related party transactions
Kate Roberts, wife of trustee Brian Robert, was paid for cleaning services totalling £400 during the year.
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