**Charity Registration No. 237556**
## **FIRST CHURCH OF CHRIST, SCIENTIST, BOURNEMOUTH FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2022**
4 Brackley Close Bournemouth International Airport Christchurch Dorset BH23 6SE
## **FIRST CHURCH OF CHRIST, SCIENTIST, BOURNEMOUTH**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
Mr A C Duits (Appointed 24 October 2022) Mrs V C Reed (Appointed 24 October 2022) Mrs C J Jackson (Appointed 24 October 2022) Mr P B Jackson Dr G D Smart (Resigned 24 October 2022) Mrs R B Jackson (Resigned 24 October 2022) Mr T R Marr (Resigned 24 October 2022)
**Charity number** 237556 **Principal address** 4 Carbery Row Southbourne Road Bournemouth Dorset BH6 3QR **Independent examiner** Harrisons Chartered Accountants 4 Brackley Close Bournemouth International Airport Christchurch Dorset BH23 6SE
## **FIRST CHURCH OF CHRIST, SCIENTIST, BOURNEMOUTH**
## **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 - 12|
## **FIRST CHURCH OF CHRIST, SCIENTIST, BOURNEMOUTH**
## **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 charity is to provide a platform within our community to discover the teachings of Christian Science by providing for the public Church Services, a Sunday School, free lectures and a Reading Room. The activities of the church are guided by the Manual of The Mother Church but the branch church shall have its own form of government which is distinctly democratic. We adhere to the principles of equal rights for all, equality of the sexes and rotation in office. Its Charity Trustees are the Executive Board which acts according to the instructions of the church membership in quarterly or special meetings and in accord with the Church By-Laws. The Executive Board is elected annually in accordance with the Church By-Laws.
All general expenses of the charity are usually met by collections at Sunday Services, by Gift Aid donations,
legacies and interest from investments.
The trustees believe that the charity meets the public benefit requirements and have complied with the duty in section 4 of the 2011 Act.
## **Achievements and performance**
The main focus of our work for the community is in giving spiritual inspiration and support through our church services and meetings to which all are welcome and in providing a haven of rest in our Reading Room where people may come to learn about God’s care and guidance in their lives.
This year we have continued to hold our services and meetings, both in-person in our church building and online via zoom. A Sunday school for children and teenagers is also available in the church building at the same time as the Sunday service.
We are grateful to be able to reach not only our local congregation but many others around the country and
internationally in this way.
Our Reading Room has been open to the public five days a week either in the morning or the afternoon. Church members and visitors alike have been able to call in to read, borrow or purchase inspiring books and literature or to talk to the librarians in charge about any problems they may have or to gain a better understanding of God and His love for us all. Recently we have been able to increase our Reading Room hours.
Every year we hold a Christian Science lecture as a gift to the community to which all are invited. This year the lecture was held online and could be accessed via our website by individuals and families or at a group viewing at our church. The lecture was enjoyed by a large number of people, both here and abroad.
## **Financial review**
The charity made an overall surplus of £1,252 (2021: deficit of £5,670).
The unrestricted funds are in surplus by £801,869 (2021: £802,087). The general fund is available for use at the discretion of the trustees in furtherance of the general objectives of the charity. The majority of the reserves have been invested in income bonds to be used when appropriate replacement premises are located.
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. 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.
- 1 -
## **FIRST CHURCH OF CHRIST, SCIENTIST, BOURNEMOUTH**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **Structure, governance and management**
First Church of Christ, Scientist, Bournemouth is an unincorporated organisation founded in 1916 as a branch of The First Church of Christ, Scientist, in Boston, Massachusetts, USA, (The Mother Church), and is registered with the Charity Commission as Charity No. 237556. The charity is governed by the By-Laws of the Church as amended on 19 January 2008 and 10 January 2015.
The trustees who served during the year and up to the date of signature of the financial statements were: Mr A C Duits (Appointed 24 October 2022) Mrs V C Reed (Appointed 24 October 2022) Mrs C J Jackson (Appointed 24 October 2022) Mr P B Jackson Dr G D Smart (Resigned 24 October 2022) Mrs R B Jackson (Resigned 24 October 2022) Mr T R Marr (Resigned 24 October 2022)
To facilitate the activities of the Church, other officers and sub-committees are appointed annually by the Executive Board from the membership, and include:
Clerk to the Church: Mrs V C Reed Treasurer: R.H.Couling
The trustees' report was approved by the Board of Trustees.
## **Mr A C Duits**
Trustee Dated: 24 April 2023
- 2 -
## **FIRST CHURCH OF CHRIST, SCIENTIST, BOURNEMOUTH**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF FIRST CHURCH OF CHRIST, SCIENTIST, BOURNEMOUTH**
I report to the trustees on my examination of the financial statements of First Church of Christ, Scientist, Bournemouth (the charity) for the year ended 31 December 2022.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
- I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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 financial statements to be reached.
Harrisons Chartered Accountants
4 Brackley Close Bournemouth International Airport Christchurch Dorset BH23 6SE
Dated: 28 April 2023
- 3 -
## **FIRST CHURCH OF CHRIST, SCIENTIST, BOURNEMOUTH**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
9,568
1,216
Charitable activities
**4**
4,339
-
Investment income
**5**
15,533
-
**Total income**
29,440
1,216
**Expenditure on:**
Charitable activities
**6**
28,397
1,007
**Net incoming/(outgoing) resources before transfers**
1,043
209
Gross transfers between funds
(1,261)
1,261
**Net (expenditure)/income for the year/**
**Net movement in funds**
(218)
1,470
Fund balances at 1 January 2022
802,087
-
**Fund balances at 31 December 2022**
801,869
1,470|**Total Unrestricted**
**funds**
**2022**
**2021**
**£**
**£**
10,784
8,699
4,339
4,640
15,533
8,205
30,656
21,544
29,404
27,214
1,252
(5,670)
-
-
1,252
(5,670)
802,087
807,757
803,339
802,087|
|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 4 -
## **FIRST CHURCH OF CHRIST, SCIENTIST, BOURNEMOUTH**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2022**_
|**Notes**
**Fixed assets**
Tangible assets
**9**
**Current assets**
Stocks
**10**
Debtors
**11**
Investments
**12**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**13**
Net current assets
**Total assets less current liabilities**
**Funds of the charity**
Restricted funds
**14**
Unrestricted funds
**15**|**2022**
**£**
1,568
1,542
783,442
9,754
796,306
(2,174)|**£**
9,207
794,132
803,339
1,470
801,869
803,339|**2021**
**£**
1,591
1,128
783,017
8,786
794,522
(2,106)|**£**
9,671
792,416|
|---|---|---|---|---|
|||||802,087|
|||||-
802,087|
|||||802,087|
The financial statements were approved by the Trustees on 24 April 2023
Mr A C Duits **Trustee**
- 5 -
**FIRST CHURCH OF CHRIST, SCIENTIST, BOURNEMOUTH**
## **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 4 Carbery Row, Southbourne Road, Bournemouth, BH6 3QR.
## **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. The purposes and uses of the designated funds are set out in the notes to the financial statements.
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.
- 6 -
## **FIRST CHURCH OF CHRIST, SCIENTIST, BOURNEMOUTH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **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:
- 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.
- 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 land and buildings 2% per annum Equipment 3 years 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.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
- 7 -
## **FIRST CHURCH OF CHRIST, SCIENTIST, BOURNEMOUTH**
## **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**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**£**
**£**
Donations and collections
6,252
1,216
Legacies receivable
1,000
-
Covenants
1,020
-
Gift aid income
1,296
-
9,568
1,216|**Total**
Unrestricted
funds
**2022**
2021
**£**
£
7,468
5,969
1,000
-
1,020
1,167
1,296
1,563
10,784
8,699|**Total**
Unrestricted
funds
**2022**
2021
**£**
£
7,468
5,969
1,000
-
1,020
1,167
1,296
1,563
10,784
8,699|
|---|---|---|
|||8,699|
## **4 Charitable activities**
||**Reading**|**Reading**|
|---|---|---|
||**room**|**room**|
||**2022**|**2021**|
||**£**|**£**|
|Sales within charitable activities|4,339|4,640|
## **5 Investment income**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2022**|2021|
||**£**|£|
|Rent receivable|10,274|7,565|
|Interest receivable|5,259|640|
||15,533|8,205|
- 8 -
## **FIRST CHURCH OF CHRIST, SCIENTIST, BOURNEMOUTH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **6 Charitable activities**
|**Church**
**activities**
**Reading**
**room**
**2022**
**2022**
**£**
**£**
Charitable activities
3,756
4,863
Share of support costs (see
note 7)
8,578
10,572
Share of governance costs
(see note 7)
1,635
-
13,969
15,435
**Analysis by fund**
Unrestricted funds
12,962
15,435
Restricted funds
1,007
-
13,969
15,435|**Total**
**2022**
**Church**
**activities**
**Reading**
**room**
**2021**
**2021**
**£**
**£**
**£**
8,619
1,513
4,470
19,150
8,134
11,998
1,635
1,099
-
29,404
10,746
16,468
28,397
10,746
16,468
1,007
-
-
29,404
10,746
16,468|**Total**
**2021**
**£**
5,983
20,132
1,099|
|---|---|---|
|||27,214|
|||27,214
-|
|||27,214|
## **7 Support costs**
|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Church activities
19,150
-
Legal and professional
-
1,635
19,150
1,635
Analysed between
Charitable activities
19,150
1,635|**2022**Support costs Governance
costs
**£**
£
£
19,150
20,132
-
1,635
-
1,099
20,785
20,132
1,099
20,785
20,132
1,099|2021
£
20,132
1,099|
|---|---|---|
|||21,231|
|||21,231|
Governance costs includes independent examination fees of £1,560 (2021- £1,560).
## **8 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
- 9 -
## **FIRST CHURCH OF CHRIST, SCIENTIST, BOURNEMOUTH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
|**9**
**Tangible fixed assets**
**Freehold land**
**and buildings**
**Equipment**
**£**
**£**
**Cost**
At 1 January 2022
25,376
753
At 31 December 2022
25,376
753
**Depreciation and impairment**
At 1 January 2022
15,957
501
Depreciation charged in the year
338
126
At 31 December 2022
16,295
627
**Carrying amount**
At 31 December 2022
9,081
126
At 31 December 2021
9,419
252
**10**
**Stocks**
**2022**
**£**
Stock
1,568
**11**
**Debtors**
**2022**
Other debtors
1,542
**12**
**Current asset investments**
**2022**
**£**
Short term deposits
783,442
**13**
**Creditors: amounts falling due within one year**
**2022**
**£**
Accruals and deferred income
2,174|**Total**
**£**
26,129|
|---|---|
||26,129|
||16,458
464|
||16,922|
||9,207|
||9,671|
||**2021**
**£**
1,591|
||**2021**
1,128|
||**2021**
**£**
783,017|
||**2021**
**£**
2,106|
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**FIRST CHURCH OF CHRIST, SCIENTIST, BOURNEMOUTH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **14 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
|**r**
Restricted Fund - Westminster
Restricted Fund - Reading Room|**Movement in funds**
**Incoming**
**esources**
**Resources**
**expended**
**£**
**£**
1,216
(1,007)
-
-
1,216
(1,007)|**Transfers**
**Balance at**
**31 December**
**2022**
**£**
**£**
-
209
1,261
1,261
1,261
1,470|**Transfers**
**Balance at**
**31 December**
**2022**
**£**
**£**
-
209
1,261
1,261
1,261
1,470|
|---|---|---|---|
||||1,470|
Westminster fund. A restricted fund for the purpose of funding the Reading Room wages.
Reading Room fund. A restricted fund for the purpose of helping to maintain the Reading Room.
## **15 Unrestricted funds**
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
|**Balance at**
**1 January**
**2022**
**r**
**£**
Designated Fund - Youth Fund
100
Designated Fund - Freehold Property Fund
586,978
General Fund
215,009
802,087
**Balance at**
**1 January**
**2021**
**r**
**£**
Designated Fund - Youth Fund
100
Designated Fund - Freehold Property Fund
587,316
General Fund
220,341
807,757|**Movement in funds**
**Incoming**
**esources**
**Resources**
**expended**
**£**
**£**
400
(200)
-
(338)
29,040
(27,859)
29,440
(28,397)
**Movement in funds**
**Incoming**
**esources**
**Resources**
**expended**
**£**
**£**
-
-
-
(338)
21,544
(26,876)
21,544
(27,214)|**Transfers**
**Balance at**
**31 December**
**2022**
**£**
**£**
-
300
-
586,640
(1,261)
214,929
(1,261)
801,869
**Transfers**
**Balance at**
**31 December**
**2021**
**£**
**£**
-
100
-
586,978
-
215,009
-
802,087|**Transfers**
**Balance at**
**31 December**
**2022**
**£**
**£**
-
300
-
586,640
(1,261)
214,929
(1,261)
801,869
**Transfers**
**Balance at**
**31 December**
**2021**
**£**
**£**
-
100
-
586,978
-
215,009
-
802,087|
|---|---|---|---|
||||802,087|
- 11 -
## **FIRST CHURCH OF CHRIST, SCIENTIST, BOURNEMOUTH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **15 Unrestricted funds**
## **(Continued)**
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.
The designated youth fund represents unrestricted funds utilised at the discretion of the trustees for the purpose of funding activities for the youth members of the church.
## **16 Analysis of net assets between funds**
|**Unrestricted**
**funds**
**Restricted**
**funds**
**2022**
**2022**
**£**
**£**
Fund balances at 31 December 2022 are
represented by:
Tangible assets
9,207
-
Current assets/(liabilities)
792,662
1,470
801,869
1,470|**Total**
Unrestricted
funds
**2022**
2021
**£**
£
9,207
9,671
794,132
792,416
803,339
802,087|
|---|---|
## **17 Related party transactions**
There were no disclosable related party transactions during the year (2021 - none).
- 12 -