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2022-12-31-accounts

Charity Registration No. 236171

FIRST CHURCH OF CHRIST, SCIENTIST, POOLE

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

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 Mr B Roberts Mr C Fleming (Appointed 24 April 2023)

Charity number 236171 Principal address 2A Church Road Lower Parkstone Poole Dorset BH14 0NN Independent examiner Harrisons Chartered Accountants Bournemouth International Airport Christchurch Dorset BH23 6SE

FIRST CHURCH OF CHRIST, SCIENTIST, POOLE

CONTENTS

Page
Trustees' report 1 - 2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Notes to the financial statements 6 - 11

FIRST CHURCH OF CHRIST, SCIENTIST, POOLE

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees present their annual report and financial statements for the year ended 31 December 2022.

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 2017 we increased our annual contributions to UK based Christian Science activities.

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. We also upgraded communication facilities to include new computers and wider window display screen.

During 2020 and 2021 when the UK was in lockdown, 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 since then has continued to be open three and a half days a week.

The Church building was closed during 2020 and most of 2021 due to Government restrictions. Equipment was installed in the Church building in October 2021 to enable the services to be transmitted on Zoom. Since reopening the Church building in 2021 hybrid services have been held with congregations both in the building and online, enabling more people to access Church services from the local community and further afield in the UK.

In 2021, members agreed to the design of a new website to enhance our outreach and this was launched in April 2022. In 2022 we also increased our support for UK Christian Science activities including donations towards the UK Summit 2022 and a lecture at the Commonwealth Games.

Financial review

The trustees wish to draw attention to the decrease in donations received this year and the charity making an overall deficit of £10,648 (2021: surplus of £5,861) and are grateful in particular to the Dagny Raymond Trust for the generous donation of £15,849.

The unrestricted funds are in surplus by £303,370 (2021: £314,018) of which £182,534 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.

FIRST CHURCH OF CHRIST, SCIENTIST. POOLE TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2022 Structurè. govemance and managwn•nt First Church of Christ, Sry"ents"s1. Poole is a) fwnded in 1916 as a branch ofTh• First Church of Christ. Suentssl. In Boston, Mas5athu8dts, USA, ffhe IAother ch￿th). and t8 registered the Charity Crmmi8&on as Charity No. 236171. The trustees sfftd ￿rIYj the yw up to date ofsignkn ofthe fin¥Kial ￿em￿￿were. MrsAH Evans Mrs D Howell Mr 8 Roberts Mr C Flgming (Rasw￿d 22 20231 (ApFrt)wrted 24Awil 20231 New trusteès are seleded by the Mert￿ Ni Gwwal a m4orrty vote ofth¢)8e wegent is necessary lo m8kè thè s•l•dion. There 1$ w Executive Board conssting ofllwee to fve n￿7￿015 eleded ￿ualY by the Church membership. Offieers ¥1 addrt￿ft lo this ts)nsist of :_ al First and Second Readers bl President cl knbr8ri0n d) Sunday Schod Supednt*JJent el Clerk Q Treasurer The trust8eg r•port was apwoved by the Board dTntstees. Mrs A H Evans Trusts¢ Dated.. 3(: 7: Ze Z3

FIRST CHURCH OF CHRIST, SCIENTIST, POOLE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FIRST CHURCH OF CHRIST, SCIENTIST. POOLE I report lo the Iruslees on my examinatth of the finwKial statements of Ftyst ChLKch of Christ. Soentis( Poole {the charity) for the year ended 31 Oecemtrx 2022. Responsibiliti￿ and basis of report As the trustees of the charily you are respons￿e fN preparation of th8 ffinanaal ststemenls in accordance with th¢ ￿qUIreMents of the Charilies Art 2011 (the 2011 Aetl. I report in respect of my exaMina￿on of the chan"ty's )Inanc￿l alen￿ts ￿Me￿ <Mrt undèr section 145 of the 2011 Act. In Garrying out my examinat1on I have all the DJ'rècbcx)s givèn by thè Charity Comfflission under section 145(5Xb) of 2011 kl. Indgpendent examinerfs Statement I have completed my examination. l ¢crtffimi that no mait8fS have c(rfne to my attenb.on in connection wrth the examinatson giving me cause to believe that In m81èrial ￿speCI.. accountin9 records WeT• not kept In respeci of the ¢arty a$ req￿re(l by seclion 130 of the 2011 Act., or the ffinancial ststements do Th)t a￿Ord those records" the finanaal statenwnts do not corrffjjly vthh the app1Kgb￿ req￿j￿ments ¢c*wning the fomi and content of accounts sèt out in Ihe Charitiès (Accounls and Reports) Regulation5 2008 other than any requirement that the accoun15 give a true and tsir wlNth 1$ Th)t a malier ￿nSIdered as part of an independent examination. I have no concems and have ccme across no other matter5 in ￿￿th thg exanNnation to which attention Sh￿￿d ￿ drawn this rwrt in order to enable a proper understanding of the finanGial 5tstements to be rèaehed. rtere(l Acc(thants 4 ￿a¢kleY Close Bournèmoulh Ifttemat￿n￿ Arport Chrislthurch Dors BH23 6SE

FIRST CHURCH OF CHRIST, SCIENTIST, POOLE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted Unrestricted Unrestricted Unrestricted
funds funds
2022 2021
Notes £ £
Income from:
Donations and legacies 3 25,711 31,978
Charitable activities 4 3,131 2,984
Investment income 5 15,564 12,790
Total income 44,406 47,752
Expenditure on:
Charitable activities 6 55,054 41,891
Net (expenditure)/income for the year/
Net movement in funds (10,648) 5,861
Fund balances at 1 January 2022 314,018 308,157
Fund balances at 31 December 2022 303,370 314,018

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

FIRST CHURCH OF CHRIST, SCIENTIST, POOLE BALANCE SHEET AS AT 310ECEMBER 2022 2021 Twgible assets 186.834 193.623 CuYr•nt a•￿tt Stock8 Oeblors Investments Cash at bank and in hwj 10 11 12 1.747 2.140 112.587 1.903 112.519 6.279 118.$26 122,285 Credltorn: amounts lallng o year 13 (1.￿) {1,8901 cuffent a$9ets 116,538 120,395 Total Ms•ts less current Ilabllti• 303.370 314,018 F￿d$ of thè charity Unrestr¢ted funds 303.370 314.018 303.370 314.018 The finaw81 Statemwts W￿re apprurfed by the Tntstees M 31.7: 2OIX MrsAH Evans Trusts&

FIRST CHURCH OF CHRIST, SCIENTIST, POOLE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

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 amounts 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.

FIRST CHURCH OF CHRIST, SCIENTIST, POOLE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

1.5 Expenditure

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.

FIRST CHURCH OF CHRIST, SCIENTIST, POOLE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

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
2022 2021
£ £
Donations and collections 19,730 26,788
Covenants and gift aid 5,981 5,190

4 Charitable activities

Reading Reading
room room
2022 2021
£ £
Sales within charitable activities 3,131 2,984

5 Investment income

Unrestricted Unrestricted
funds funds
2022 2021
£ £
Rent receivable 15,488 12,616
Interest receivable 76 174
15,564 12,790

FIRST CHURCH OF CHRIST, SCIENTIST, POOLE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

6 Charitable activities

Church
activities
Reading
room
2022
2022
£
£
Charitable activities
8,013
7,527
Share of support costs (see
note 7)
30,035
7,789
Share of governance costs
(see note 7)
1,690
-
39,738
15,316
Support costs
Support
costs
Governance
costs
£
£
Website costs
1,123
-
Church Activities
37,824
-
Legal and professional
-
1,690
37,824
1,690
Analysed between
Charitable activities
37,824
1,690		 Total
2022
Church
activities
Reading
room
2021
2021
£
£
£
15,540
1,676
6,115
37,824
24,901
7,545
1,690
1,654
-
55,054
28,231
13,660
2022Support costs
Governance
costs
£
£
£
1,123
-
-
37,824
32,446
-
1,690
-
1,654
39,514
32,446
1,654
39,514
32,446
1,654		 Total
2021
£
7,791
32,446
1,654
41,891
2021
£
-
32,446
1,654
34,100
34,100

7 Support costs

Governance costs includes independent examiners fees of £1,690 (2021- £1,654).

8 Trustees

None of the trustees received any remuneration or benefits from the charity during the year.

FIRST CHURCH OF CHRIST, SCIENTIST, POOLE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

9
Tangible fixed assets
Freehold land
and buildings
Fixtures and
fittings
Equipment
£
£
£
Cost
At 1 January 2022
355,676
20,820
9,348
Additions
-
868
-
At 31 December 2022
355,676
21,688
9,348
Depreciation and impairment
At 1 January 2022
166,208
16,665
9,348
Depreciation charged in the year
6,934
723
-
At 31 December 2022
173,142
17,388
9,348
Carrying amount
At 31 December 2022
182,534
4,300
-
At 31 December 2021
189,468
4,155
-
10
Stocks
2022
£
Total stock
1,747
11
Debtors
2022
Other debtors
2,140
Prepayments and accrued income
-
2,140
12
Current asset investments
2022
£
Short term deposits
112,587
13
Creditors: amounts falling due within one year
2022
£
Accruals and deferred income
1,990		 Total
£
385,844
868
386,712
192,221
7,657
199,878
186,834
193,623
2021
£
1,584
2021
1,715
188
1,903
2021
£
112,519
2021
£
1,890

FIRST CHURCH OF CHRIST, SCIENTIST, POOLE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

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 2022 resources expended 31 December
2022
£ £ £ £
Freehold property fund 189,468 - (6,934) 182,534
General fund 124,550 44,406 (48,120) 120,836
314,018 44,406 (55,054) 303,370
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

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 Roberts, was paid for cleaning services totalling £810 during the year.

FIRST CHURCH OF CHRIST, SCIENTIST, POOLE MANAGEMENT INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2022

FIRST CHURCH OF CHRIST, SCIENTIST, POOLE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2022

Income and endowments
Donations and legacies
Church collections
Donations
Covenants and gift aid
Charitable activities
Shop sales
Investment income
Rent receivable
Bank interest receivable
Car park rental income
Total incoming resources
Expenditure
Expenditure on charitable activities
Readers expenses
Donations
Lecture expenses
Purchases
Water, light and heat
Repairs & maintenance
Insurance
Travel costs
Organists & soloists
Telephone
Printing, postage & stationery
Advertising
Maisonette - maintenance and agent charges
Sundry expenses
Website costs
Depreciation
Accountancy
Total expenditure
Net income		 2022
£
3,041
16,689
5,981
25,711
3,131
3,131
11,400
76
4,088
15,564
44,406
1,530
5,050
2,963
5,997
6,818
3,780
3,517
92
7,210
1,244
306
2,515
1,724
1,838
1,123
7,657
1,690
55,054
(10,648)		 2021
£
1,749
25,039
5,190
31,978
2,984
2,984
11,400
174
1,216
12,790
47,752
1,710
300
1,376
4,405
3,465
3,866
3,047
154
7,520
990
251
1,327
3,389
867
-
7,570
1,654
41,891
5,861

FIRST CHURCH OF CHRIST, SCIENTIST, POOLE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2022

Expenditure on charitable activities
Church Activities
Activities undertaken directly
Donations
Lecture expenses
Support costs
Depreciation
Water, light and heat
Repairs and maintenance
Insurance
Organist, soloists and other expenses
Telephone
Printing, postage & stationery
Advertising
Sundries
Reading room expenses
Activities undertaken directly
Purchases
Readers expenses
Support costs
Water, light and heat
Repairs and maintenance
Insurance
Travel costs
Telephone
Printing, postage & stationery
Maisonette - maintenance and agent charges
Sundries
Website costs
Governance costs
Accountancy fees
Total expenditure		 2022
£
5,050
2,963
8,013
7,657
5,818
2,637
2,149
7,210
566
32
2,515
1,451
30,035
5,997
1,530
7,527
1,000
1,143
1,368
92
678
274
1,724
387
1,123
7,789
1,690
1,690
55,054		 2021
£
300
1,376
1,676
7,570
2,450
3,038
1,810
7,520
399
32
1,327
755
24,901
4,405
1,710
6,115
1,015
828
1,237
154
591
219
3,389
112
-
7,545
1,654
1,654
41,891