Charity Registration Number: 236306
First Church of Christ, Scientist, Southport
Financial Statements
for the year ended 31st July, 2022
Page 1
First Church of Christ, Scientist, Southport
Charity Information
| Charity Name: | First Church of Christ, Scientist, Southport |
|---|---|
| Charity Registration Number: | 236306 |
| Governing Document: | Declaration of Trust dated 14th April 1958 |
| The Trustees are incorporated as a body. | |
| Principal Address: | First Church of Christ, Scientist |
| Lord Street West | |
| Southport | |
| PR8 2BJ | |
| Trustees: | Mrs M J Aspinall |
| Mr M C McDonald | |
| Independent Examiner: | Paul Collins F.C.A. |
| Collins & Co | |
| Chartered Accountants | |
| Suite 13 Hattersley House | |
| 1 Hattersley Court | |
| Ormskirk | |
| Lancs L39 2AY | |
| Bankers: | CAF Bank Ltd |
| 25 Kings Hill Avenue | |
| Kings Hill | |
| West Malling | |
| Kent ME19 4JQ |
Page 2
First Church of Christ, Scientist, Southport
Trustees' Report for the year ended 31st July, 2022
The trustees present their annual report and the financial statements for the year ended 31st July, 2022.
Reference and administrative details
The details are set out on page 1.
Trustees
The trustees who served during the year are as stated below:
Mrs M J Aspinall Mr M C McDonald
Structure, Governance and Management
Governing document
The charity is an unincorporated charity governed by its Declaration of Trust dated 14th April 1958. It is registered as a charity with the Charity Commission.
Appointment of trustees
The trustees of the charity, under the charity's trust Deed, are known as the trustees. Under the requirements of the Trust Deed, the Trustees are eligible to appoint additional trustees from amongst the Church's membership.
Organisation
The board of trustees, which must have a minimum of 2 members, administers the charity. The board meets regularly through the year to review matters relating to the charity.
Objectives and activities
The objects of the charity are the general purposes of the church and such purposes as will forward the cause of Christian Science.
The activities undertaken by the Church to further its objectives were:
-
Church Services.
-
Sunday School.
-
Meetings for testimony of the saving and healing power of God on our lives.
-
Maintaining a room for private study of the Bible and the Christian Science text book "Science and health with key to the scriptures" by Mary Baker Eddy and publications of the church.
-
All activities are free and open to all.
When planning our activities for the year, the trustees gave consideration to the Charity Commission's guidance on public benefit and, in particular, the specific guidance to charities concerned with the advancement of religion.
Achievements and performance during the year
During the past 12 months the Trustees have ensured that services have continued as normal following the interruptions caused by the pandemic and all church activities including the annual lecture have resumed. Refurbishment works at the reading room have now been completed and the premises were sold on the 22nd April 2022 for £135,000. This decision was made as the flat was unoccupied following the death of the tenant and the reading room facility can now be effectively operated from the church premises, thereby reducing overheads and running costs.
Church investments have been monitored and a Bond with the Skipton Building Society has been renewed on a 12 month basis. This provides a safe and easily accessible investment.
Page 3
First Church of Christ, Scientist, Southport
Trustees' Report for the year ended 31st July, 2022 (continued)
Financial Review
Results for the year
The results for the year are set out on page 5.
Reserves policy
The trustees have established the level of reserves (that is those funds that are freely available) that the charity ought to have, which is equal to twelve months’ of normal unrestricted expenditure. Reserves are needed to even out any short term funding gaps between spending and the related income. The trustees therefore consider that the ideal level of reserves as at 31st July 2022 would be £28,000 (2021: £20,000).
Related Party Transactions
There were no related party transactions during the year
Trustees' responsibilities in relation to the financial statements
Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its surplus or deficit for that year. In preparing those financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
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state whether applicable Accounting Standards and Statements of Recommended Practice have been followed, subject to any departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the Board of Trustees on 11th February 2023 and signed on its behalf by:
Mr M C McDonald Trustee
Page 4
First Church of Christ, Scientist, Southport
Independent Examiner's Report to the Trustees of First Church of Christ, Scientist, Southport
I report to the trustees on my examination of the accounts of the Trust for the year ended 31st July, 2022 which are set out on pages 5 to 8.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act).
I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commissioners under section 145(5)(b) of the Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- accounting records were not kept in respect of the Trust as required by section 130 of the Act: or 2. the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Paul Collins F.C.A. Collins & Co Chartered Accountants Suite 13 Hattersley House Ormskirk Lancs L39 2AY 12th February 2023
Page 5
First Church of Christ, Scientist, Southport
Receipts and Payments Account for the year ended 31st July, 2022
| Unrestricted Funds Note £ RECEIPTS Voluntary receipts 1 6,203 2 395 Investment receipts 3 5,253 Receipts from charitable activities 4 2,046 Sale of Property 135,000 TOTAL RECEIPTS 148,897 PAYMENTS 5 2,093 6 650 7 2,886 Maintenance 8 6,952 Utilities 9 2,073 Reading Room/Flat 10 6,450 Miscellaneous 11 7,031 Lecture Costs 12 2,719 TOTAL PAYMENTS 30,854 118,043 0 NET MOVEMENT IN FUNDS 118,043 48,861 166,904 Contributions Total cash funds brought forward at 1st August, 2021 Total cash funds carried forward at 31st July, 2022 NET RECEIPTS/(PAYMENTS) BEFORE TRANSFERS TRANSFERS FROM/(TO) INVESTMENT FUNDS Salaries and Wages Reading Room Payments Activities for generating funds |
Restricted Funds £ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 |
2022 2021 £ £ 6,203 3,860 395 4,740 5,253 496 2,046 2,098 135,000 0 148,897 11,194 2,093 2,025 650 200 2,886 3,137 6,952 2,392 2,073 1,668 6,450 7,113 7,031 3,922 2,719 0 30,854 20,457 118,043 (9,263) 0 - 118,043 (9,263) 48,861 58,124 166,904 48,861 TOTAL FUNDS |
2022 2021 £ £ 6,203 3,860 395 4,740 5,253 496 2,046 2,098 135,000 0 148,897 11,194 2,093 2,025 650 200 2,886 3,137 6,952 2,392 2,073 1,668 6,450 7,113 7,031 3,922 2,719 0 30,854 20,457 118,043 (9,263) 0 - 118,043 (9,263) 48,861 58,124 166,904 48,861 TOTAL FUNDS |
|---|---|---|---|
| 11,194 | |||
| 2,025 200 3,137 2,392 1,668 7,113 3,922 0 |
|||
| 20,457 | |||
| (9,263) - |
|||
| (9,263) 58,124 |
|||
| 48,861 |
The notes on pages 7 to 8 form part of these accounts.
Page 6
First Church of Christ, Scientist, Southport
Statement of assets and liabilities as at
31st July, 2022
| FUND CASH FUNDS CAF - Church Bank account General Fund Skipton Building Society General Fund Reading Room Bank Account Reading Room Fund Cash in Hand Reading Room Fund INVESTMENT ASSETS Clerical Medical Bond at cost (Value 1/11/22 £12,574) Investment Fund Aviva Investment Fund at cost (Value 21/6/22 £41,465) Investment Fund Aviva Investment Fund at cost (Value 21/6/22 £6,987) Investment Fund ASSETS RETAINED FOR CHARITY'S OWN USE Freehold Church Buildings and Contents at cost Property Fund (Insurance valuation 26/12/21 £2,322,512) Freehold Reading Room Premises & Contents at cost Property Fund SOLD 25/4/22 OTHER ASSETS Reading Room Stock Reading Room Fund Gift Aid Tax Reclaim General Fund Ground Rents Due General Fund TOTAL ASSETS LIABILITIES Creditors General Fund ASSETS LESS LIABILITIES |
2022 £ 126,865 38,683 952 404 166,904 3,002 35,000 6,000 0 0 802 1,077 1,080 213,865 588 213,277 |
2021 £ 1,143 46,176 1,413 129 |
|---|---|---|
| 48,861 3,002 35,000 11,000 0 9,264 802 2,018 810 |
||
| 110,757 | ||
| 1,579 | ||
| 109,178 |
Approved by the Board of Trustees on 11th February 2023 and signed on its behalf by:
……………………………………………………… ……………………………………………………… Mr M C McDonald Mrs M J Aspinall
The notes on pages 7 to 8 form part of these accounts.
Page 7
First Church of Christ, Scientist, Southport
Notes to the accounts for the year ended 31st July, 2022
| Unrestricted Funds £ 1 Voluntary receipts Planned Giving: Gift Aid donations 2,455 Income Tax recovered 1,747 Collections at all services 1,148 Grant - Westminster Fund 0 Donations and legacies 853 6,203 2 Activities for generating funds Ground Rent 0 Reading Room Flat Rental 395 395 3 Investment receipts Interest Received 253 Investments Redeemed 5,000 5,253 4 Receipts from charitable activities Reading Room Books and Periodicals 2,046 Assets Sold 0 2,046 5 Reading Room Payments Publishing Society 1,517 Literature 480 Sundries 96 2,093 |
Restricted Funds £ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 |
TOTAL Unrestricted 2022 Funds £ £ 2,455 2,610 1,747 0 1,148 1,250 0 0 853 0 6,203 3,860 0 0 395 4,740 395 4,740 253 496 5,000 0 5,253 496 2,046 2,098 0 0 2,046 2,098 1,517 1,934 480 0 96 91 2,093 2,025 |
Restricted Funds £ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 |
TOTAL 2021 £ 2,610 0 1,250 0 0 |
|---|---|---|---|---|
| 3,860 | ||||
| 0 4,740 |
||||
| 4,740 | ||||
| 496 0 |
||||
| 496 | ||||
| 2,098 0 |
||||
| 2,098 | ||||
| 1,934 0 91 |
||||
| 2,025 |
Page 8
First Church of Christ, Scientist, Southport
Notes to the accounts for the year ended 31st July, 2022
| Unrestricted Funds £ Charitable activities 6 Contributions British Legion 150 Ukraine Appeal 500 Aid Fund 0 650 7 Salaries and Wages Officers 2,801 Organists 85 2,886 8 Maintenance Grounds 1,190 Church repairs 5,762 6,952 9 Utilities Electricity 313 Gas 1,500 Water 260 2,073 10 Reading Room/Flat Maintenance/Repairs 5,310 Water 221 Telephone 224 Electricity 208 Utility Costs 487 6,450 11 Miscellaneous Insurance 2,038 Quarterlies 140 COP Donation 325 Journal Listing 425 Sundries 429 804 2,450 Key Holding 420 7,031 12 Lecture Costs Lecturer Fees & Expenses 2,243 Lecture expenses 78 Advertising 398 2,719 Accountancy & Independent Examination Legal Fees on Property Disposal |
Restricted Funds £ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 |
TOTAL Unrestricted 2022 Funds £ £ 150 100 500 0 0 100 650 200 2,801 2,576 85 561 2,886 3,137 1,190 1,193 5,762 1,199 6,952 2,392 313 369 1,500 1,060 260 239 2,073 1,668 0 5,310 6,485 221 197 224 250 208 181 487 0 6,450 7,113 2,038 1,924 140 336 325 325 425 432 429 365 804 540 2,450 0 420 0 7,031 3,922 2,243 0 78 0 398 0 2,719 0 |
Restricted Funds £ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 |
TOTAL 2021 £ 100 0 100 |
|---|---|---|---|---|
| 200 | ||||
| 2,576 561 |
||||
| 3,137 | ||||
| 1,193 1,199 |
||||
| 2,392 | ||||
| 369 1,060 239 |
||||
| 1,668 | ||||
| 6,485 197 250 181 0 |
||||
| 7,113 | ||||
| 1,924 336 325 432 365 540 0 0 |
||||
| 3,922 | ||||
| 0 0 0 |
||||
| 0 |