FIRST CHURCH OF CHRIST. SCIENTIST, LONDON
Charity No.- 238685
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Kingston Burrowes Audit Ltd
308 Ewell Road
Surbi(on
Surrey
KT6 7AL

FIRST CHURCH OF CHRIST. SCIENTIST. LONDON
Charty No.. 238685
EXECUTIVE BOARD'S ANNUAL REPORT
FOR FINANCIAL YEAR TO 30 JUNE 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governin
Document
First Church of Christ, Scientist, London, 8 Wrlghl's Lane, London W8 6TA, is a branch of The First Church
of Christ, Scienlisl, ill Boslon, Massachusetts, USA, and is registered as a Church with the Charity
Commissioners (No. 2386851. The govèrning instrument is the con5tilulion and Rules, together w(th
the Manual of The Mother Church, The First Church of Christ, SGientisl, in Boslon, Massachusetts insofar as
applicable to Branch Churches.
anisational Structure and a
oinlmenl of Executive Board
The Church is democratically governed by the members whose wi8hes 8re put into effect by the Executive
Board of five, elected annually by the rnembers to serve for a maximum of four years. The Board members
up until June 2025 were Jeremy Bradshaw {Chairmanl, Stephen Eggins. Elizabeth Collison, Robin Harragin,
and John Luke.
The Board appoints the Clerk lo support the Board and act as Clerk lo Members, meetings.
All decisions are taken by the Members through quarterly business meetings. The Board has dekgated
powers lo carry out members, wishes and to Conduct the general administration of Church affairs and meèts
2 minimum of once a month except for August.
Board members have access to a library of relevant literature and CDS issued by the Charity Commission,
wfth a pack being prepared for each new Board member. Any spe¢iftc subj8Ct-relaled training is provided as
and when necessary.
Risk Mana
ement
As the building is open to the public the Trustees are aware of their responsibilities and obligations.
The Health and Safely Committ* reports to the Board on the ongoing safety ehecks lor the building. This is
overseen by an annual inspection by Mccarthys Group who identify outstanding matters in order that the
church is in compliance with government regulations.
OBJECTIVES AND ACTIVITIES
The object of the church as staled in its ￿nStItUtion and rules is 'To spread the understanding of Truth as
set forth in the Bible and interpreted in Scisnce and Health with Key fo the Scriptures by Mary Baker Eddy,
the discoverer and founder of Christian Science.
Mrs Eddy defines Church as "the structure of Truth and
Love,. whalev&r pmceeds and resls upon PrinGiple. The Church is that institution which affords proof
of its ulilily and is found elevating the race, rousing the dormant undersfandtrng from material beliefs to the
apprehension of spiritual ideas and the demonstration of divine Science, Ihereby casfring out devils, or error,
and healing the sick,.
The Church is not involved in fund-raising projects, but relies upon income frorn Sunday ¢olle¢lions,
donations, legacies and rents to fund its activities. Members volunteer to help in the Reading Room and with
other church aclivrfties, whilst salaries are paid to perform key roles. Sub-committees 8re appointed 8nnu811y
lo carry out specific duties.
The Trustees have referred lo the guidance contained in the Charity Commission general guiclance on public
benefit when reviewing the Church's aims and objective8 and in planning future activf(iès.

FIRST CHURCH OF CHRIST, SCIENTIST, LONDON
Charity No.. 238685
EXECUTIVE BOARD'S ANNUAL REPORT
FOR FINANCIAL YEAR TO 30 JUNE 2025
Achievements and perfomianco
Ovèrall..
First Church of Christ, Scientist, London, Ioc81ed off Kensington High Street, serves the community through
Sunday Services and Wednesday Testimony Meetings, and through its Reading Room where literature is
available lo buy or borrow. There are facilrties for priv8t8 Study. public lectures, Sunday School. a Zoom
service and a church websit8_ The Church also supports two Prison Chaplains, one at HMP Wandsworth.
and one at HMP Wormwood Scrubs.
Services..
The Sunday SeNice comprises hyrnns, silent prayer and The Lord's Prayer, and selections frorn the Bible
and the Christian Science textbook, ScEnce and Health with Key to the Scriptures by Mary Baker Eddy. The
Wednesday evening service is similar bul provides an opportunity for the congregation lo testify of their own
inspiration and healings. A warm welcome awaY(s a51
visitors and members alike. Zoom facilities are
available to listen to every service.
Sunday School..
In accordance with the founder of Christian Science, Mary Baker Eddy, the Church provides a Sunday
Schwl for studènts up to the agè of 20 where leaching is from the Bible and Science and Health with Key to
the SGriplures.
Reading Room..
Reading Rooms were established by tha Founder of Christian SGience as an essential part of each church's
community outreach. As well as offering Bible and denominational research resources, a free Lending
Library, and book sales, il provides a quiet room for personal study and contemplation
open to all. A
Librarian is available to answer questions as well as offering inspirational support for those in need. The
Reading Room is located on the ground floor of the Church building.
Public Lectures..
The Reading Room space in the Church foyer, visible from the street and easily accessible, is used for
public lectures on Christian Science. The church sponsors Ihiee such lectures that are also presented via
online services, and they achieve a wide range of viewers.
Treasury and accounting.
The Treasurer oversees thè Accounts Manager who carries out the transaction processing and book-
keeping.

FIRST CHURCH OF CHRIST, SCIENTIST. LONDON
Charity No: 238685
EXECUTIVE BOARD'S ANNUAL REPORT
FOR FINANCIAL YEAR TO 30 JUNE 2025
FINANCIAL REVIEW
The financial results for the year were satisfactory with an increase in income and continued growth in our
investment portfolio. The sale of a commercial propety resulted in an increas¢ in funds under the
management of our investment m8nagers_
The church currently maintains a b81anced portfolio of investments lo enable il to fund ils aGlivilies. These
include investments in property, both GommerGial and residential.. a portfolio of stocks and bonds managed
by a leading City Investment Management Company,, and cash he￿ on deposit at CAF Bank. More details
are given in the financial slalemenl.
In a¢cordan¢e with the Church Constitution and Rules, church membèrship includes the expectation that
members will make financial contributions lo support activities.
RESERVES POLICY
11 is the Church's policy lo maintain adequate resetves lo permit il lo carry out its charitable objective well
into the future. This demands that expenditure lor operational and capital purposes is prudently managed in
the course of meeting its charitable objective.
Details of reslricled funds are included in the Balance Sheet together with notes.
INVESTMENTS
The church leases one commercial propety,. in addition, il retains th8 freehold lo an adjacent building of
long-5eased multiple apartments in Iverna Gardens.
Where funds are p18ced under the management of a third party. the requiiemenl 18 that such party should b&
regulated by the relevant UK regulatory body for investment management business. The Treasurer and
Executive 808rd rèview the financial performance of the funds under management.
The investment objeGtive is lo protect the capital of the Church in order for it lo fulfil ils charitable purposes.
The investment philosophy is that the portfolio should be operate with a view to maximising total return
consislenl with Capital preservation.
The F)Ortfolio of invested funds by W1M Wealth Management Limited (previously known as Waverton
Investment Management Limiledl performed salisfaclorily with maTkel value incrèasing on the previous year.
RISK MANAGEMENT
As 8 charty the Church is exempt from income lax and capital gains lax, Ghanges in tsx legislation are
unlikely lo affect our finances. The investment portfolio is subje¢l lo market fluctuations. However, because
the Chur¢h also holds freehold investments in offices and residential property it is seen as unlikely that all
sectors will fail al the same lime.

FIRST CHURCH OF CHRIST, SCIENTIST. LONDON
Charlty No: 238685
EXECUTIVE BOARD'S ANNUAL REPORT
FOR FINANCEAL YEAR TO 30 JUNE 2025
PLANS FOR FUTURE PERIODS
There are no major changes lo the church building being planned.
The Boaid will continue lo negoliale with the lessee of the church's adjoining propety, for which we own the
freehold, in an effort lo have the property yield an acceptsble income_
Thè Board will continue lo scrutinise adminislralTrie processes and responsibi1ilies to ensure that members
understand and support them.
TRUSTEES AND ADVISORS
In addition lo the Executive Board, the Church has Holding Trustees in whose names all freehold properties
of th8 charity are vested. The incumbents for this period are.. Mr Peter King, Mr John Luke, Ms Cai(lin
Shannon and Mr Mark Tousey.
The Church's bankers arè CAF Bank Ltd, Kings Hill, Wesl Malling. Kent ME19 4TA and National
Westminster Bank pl¢, London Sloane Square Branch, Untt 5, The Willett Building, 2 Sloane Gardens,
London. SW1W 8DL. The solicitor is Edwin Coe LLP, 2 Stone Buildings, Lincoln's Inn, London WC2A 3TH.
The investment bankers are W1 M We8llh Management Limited, and the audf(ors are Kingston Burrowes
Audit Ltd, 308 Ewell Road, Surbiton, Surrey, KT6 7AL,
STATEMENT OF EXECUTIVE BOARD'S RESPONSIBILITIES
The Executive Board is ￿sponSible for preparing the Executive Board's Annual Report and the financial
statements in accordance with applicabl& law and United Kingdom Accounting Standards (United Kingdom
Generally A¢¢8Pted Accounting Praclicel.
The law applicable to charities in England & Wales requires the Executive Board to prepare financial
stalemerils for ea¢h financial year which give 8 true and fair view of the stale of affairs of the charity and of
the incoming resources and application of resources of the charity for that period. In preparing these
financial ststemenls, the Executive Board is required to..
select suitable accounting F>oliGie8 and then apply Ihern consistently,.
observe the methods and principles in the Charities SORP 2015 (FRS 1021.,
make judgments and eslimales that are reasonable and prudent.,
stale whether appli¢able accounting standards have been followed. subject to ally materi$l
departures disclosed and explained in the financial slalèments.
prepare the financial slalemenls on the going eoneem basis unless il is inapproprlale to presume
that the Charity will continue in operation.
The Execulrie Board is responsible for kèeping proper accounting records that disclose with reasonable
ac¢ur8¢y at any time the financial posrfcion of the ¢harity and to ensure that the financial statements comply
with the Charities Ad 2011, the Charity IAccounls and Reports) Regulations 2008 and the provisions of th6
trust deed. 11 is also responsible for safeguarding the assets of thè charity and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the Executive Board
Jere
y Bradshaw, Chaitrnan
Date".
2025

INDEPENDENT AUDITOR'S REPORT TO THE EXECUTIVE BOARD OF:
FIRST CHURCH OF CHRIST, SCIENTIST, LONDON
Opinion
We have audited the financial slalemenls of First Church of Christ, Scientist London Ilhe 'charily'l foT the
year ended 30 June 2025 which comprise the Slalement of Financial Activities, the Balance Sheet and notes
to the financial statements, including a summary of signrficanl accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom A¢counting
standards. including Financial Reporting Standard 102 The Financial Reporting Standard &ppliGabl8 in th6
UK 2nd Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial stalemenls..
give a true and fair view of the state of the charity's affairs as at 30 June 2025, and of its incoming
resources and applicalioll of resources, for the yèar then ended.,
have been properly prepared in accordance wrfth United Kingdom Generally Accepted Accounting
Pr8¢lic8', and
have been prepared in accord8ncÉ wrth the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audlt in accordance with Inlemational Standards on Audfting IUKI IISAS IUKII and
applicable 18w. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial slalemenls section of our report. Wè are independent Df the
¢harily In accordance wi(h the ethical requirements that are relevant to our audit of the financial statements
in the UK, including the FRG'S Ethic81 Standard, and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Conclusions relating to going Concèrn
In auditing the financial statemènts, we have concluded that the Iruslees, use of the going Concern basis of
accounting in the preparation of the fin8n¢ial statèments is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating lo events or
conditions th8t, individually or collectively, may cast significant doubt on the charity's ability to continue as a
going Concern for a period of al least twelve months from when the financial slalements are authorised for
issue.
Our responsibilities and the responsibilrfcies of the Iruslees with respect lo going concem are described in the
relevant sections of this report.
Other information
The Iruslees are responsible for the other information. The other information comprises the information
included in the Executive Board'8 8nnu81 report, other than the financial stslements and our audilorfs report
Ihereon. Our opinion on the financial statements does not cover the other information and, except to the
extent otherwise explicitly staled in our report, we do not express any form of assurance conclusion theffon.
In connection with our audit of the financial slalements, our responsibility is to read the other information
and, in doing so, consider whether the other infomation is materially inconsislenl with the financial
statements or our knowledge oblainecl in the audrt or otherwise app&8rs lo be materially misstated. If we
identfy such m8teri81 inconsistencies or apparent material misslatemenls, we are required lo determine
whether there is a material rnisslatement in the financial statements or a materi81 misslalement of the other
information. If, based on the work we have performed, we conc5ude that there is a material misslatemenl of
this other information, we are required to report that fact.
We have nothing lo report in this regard.

INDEPENDENT AUDITOR'S REPORT TO THE EXECUTIVE BOARD OF:
FIRST CHURCH OF cHF￿sT, SCIENTIST, LONDON
Matters on which we are required to report by 8XC8Ption
We have nothing to report in respect of the following matters in relation lo which the Charities {Accounts and
Reports) Regulations 2008 ￿quire us lo report lo you if. in our opinion..
the information given in the financial slalements is inconsislenl in any material respect with the trustees.
report., or
sufficient accounting records have not been kept,, or
the financial slalemenls are not in agreement with the accounting records., or
we have not received all th& information and explanations we require for our audl(.
Responsibilities of trustees
As explained more fully in the trustees, responsibilities slalemenl set out on pages 4 and 5, the Iruslees are
responsible for the preparation of financial statements which give 8 true and fair view, and for such inlemal
control as the Iruslees determine is ne￿SSary to enable the preparation of financial slalements that are free
from material misslalemenl. whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to
continue as a going concern, disclosing, as applicable, matters related lo going concern and using the going
concern basis of accounting unless the trustees either intend to liquidate the charity or lo cease operations,
or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the flnancial $tstements
We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accord8n¢É
with regulations made under section 154 of that Act.
Our Dbjeclives are to obtain reasonable assurance about whèther the financial slalements as a whole are
free from material misstatement, whether due to fraud or error, and lo issue an auditorfs report that includes
our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit
conducted in accordance with ISAS IUKI will afvays detect a material misslalemenl whèn il exists.
Misslalements can arise from fraud or error and are considered Material if, individually or in the aggregate,
they could reasonably be expected lo influence the economic decisions of users taken on the basis of these
financial stalemellts.
Irregularrfcies, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above. lo delect material misst81emenls in rospe¢t of
irregularities, in¢luding fraud. The specrfic procedures for this engagement and the extent to which thes& are
capable of detecting irregularities, in¢luding fraud is detailed below".
Enquiry of Management and those charged with governance about actual and potential liligalton or
¢laims and the idenlrficalion of non-compliance with laws and regulation8.
Reviewing minutes of meetings of those charged with governance.
Reviewing financial slalemenl disclosures and testing to supporting documentation lo assèss
compliance with applicable laws and regulations.
Auditing the risk of rnanagement override of controls, including testing journal entries and other
adjustments for appropriateness.
Performing analytical procedures lo identify any unusual or un8xpe¢ted relationships that may
indicate risks of material misslatemenl due lo fraud.
Professional sceplicism in course of the audit and with audit sampling in material aud(( areas.

INDEPENDENT AUDITOR'S REPORT TO THE EXECUTIVE BOARD OF:
FIRST CHURCH OF CHRIST, SCIENTIST, LONDON
Icontinued...
Because of the inherent limrtalions of an audit, there is a risk that we will not detect all irregularities, including
those leading to a material misslalernenl in the financial statements or non-compliance with regulation. This
risk increases the more that compliance with a law or regulation is rernoved from the events and transactions
reflected in Ihtt financial statements. as we will be less likely to becorne aware of instances of nDn-
compliance. The risk is also greater regarding irregularicies occurring due lo fraud rather than error, as fraud
involves intentional concealment, forgery, collusion. omission or misrepresentation.
A further description of our responsibilities for the audit of financial slalements is located on the Financial
Reporting Council's website at.. www.frc.org.uklaudilorsresponsibililies. This description forms part of our
auditor's report
We communicate with those charged WTth govemance regarding, among other matters, the planned scope
and liming of the audit and signrficanl audit findings, including any significant deficiencies in internal control
that we identify during our audit.
Use ofour Report
This report is made solely lo the charity's trustees, as a body, in accordancé with Part 4 of the Charities
IAccounls and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate to
the charity's trustees those mallers we are required to state to thern in an auditor's report and for no other
purpose. TO the fullest extent permilled by law, we do not accept or assume responsibility lo anyone other
than the Charity and the charity's trustees as a body, for our audit wort<, for this report, or for the opinions we
have formed.
Kevin Fisher BA FCA CTA
{Senior Slalulory Audilorl
For and on behalf of Kingston Burrowes Audit Ltd
308 Ewell Road
Surbilon
Surrey
rs 7AL
Datè.
Is-11-
2025
Kingston Burrowes Audit Ltd is eligible lo act as an auditor in terms of Section 1212 of the Companies Act
2006.

FIRST CHURCH OF CHRIST. SCIENTIST. LONDON
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 JUNE 2025
Total
2025
Total
2024
Notes
Income and endowments fTOm:
Donations and lega¢iés
Charitable activities
Investments
22,313
4,030
288.824
19,546
3,064
286,909
Total income
315,167
309,519
Expenditure on..
Raising funds - investment management fees
Charfcable activities
56,434
273.068
44,071
253,538
Total expenditure
329,502
297,607
Net incomellexpenditurel before investment
Ilossesllgains
114,3351
11,912
Nel lossesllgainsl on investments
Gain on revalualionldisposal of investrnent properties
Loss on disposal of fixed assets
Foreign exchange gainlllossl
12
10
378,571
{2,7221
892.241
Net movemant in funds
361,514
904.153
Reconciliation of funds
Fund balances brought forward 811 July 2024
14
12,613,841
11,709,688
Fund balances carrled forward at 30 June 2025
14
12,975,355
12,613,841
The Stslemenl of Financial Activities includes all gains and losses iecognised in the period.
All income and expenditure relates lo unrestricted funds and derives from continuing activities.
The notes on pages 11 10 17 fomi part of these Financial Ststemenls.

FIRST CHURCH OF CHRIST, SCIENTIST, LONDON
BALANCE SHEET AT 30 JUNE 2025
Note
2025
2024
Fixed Assets
Tangible fixed assets
Investment properties
1,200,680
3,725,000
1,201,182
5,100,000
4,925,680
6,301,182
Current Assets
Reading Room Stock
Debtors
Investment Portfolio
Cash al bank 8nd in hand
4,719
3,882
8.008,450
78,882
4,772
39,544
6,238,222
8,458
12
8,095,933
6,350.996
CredStors'. amounts falling due within one year
13
46,258
38,337
Net Current Assets
8,049,675
6,312,659
Net Assets
15
12,975,355
12,613,841
Funds
un￿stricted
General
Designated Fund- Youth Fund
Designated Fund- Fixed Asset Fund
Designated Fund- Building Fund
14
14
14
14
5,336,237
9.798
4,925.680
2.703,640
3,597,221
11,798
6,301,182
2.703,640
14
12,975,355
12,613,84fj
Approved by the Executive B08rd on
2025 and signed on ils behalf by
re
Bradshaw. Chairman
The notes on pages 1110 17 form part of these Financial Slaternenls.

FIRST CHURCH OF CHRIST, SCIENTIST. LONDON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
ACCOUNTING POLICIES
Basis of
aration and assessrnent of
oin
concern
The ch8rrty Constitutes a public benefit enlily as defined by FRS 102. The financial slalements have
been prepared in accordance with Accounting and Reporting by Charrties." Statement of Recommended
Practice applicablè to charities preparing their accounts in accordance with the F1nancial Reporting
standard applicable in the UK and Republ￿ of Ireland issued in October 2019, the Financial Reporting
Sl8nd8rd applicable in the United Kingdom and Republic of Ireland IFRS 1021. the CharitEs Act 2011,
the Companies Act 2006 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going Gon￿rn basis under the historical cost ¢onvenlion,
modified to include certain items al fair value. The financi81 statements are presented in sterling which
is the functional curreney of thè charity.
The significant accounting policies applied in the preparation of Ihase financial statements are set out
below. These policies have been consistently applied to all years presented unless otherwise slated.
Incomin
reco
nition
olicies
Items of income are recognised and included in the accounts when all of the following criteria are met".
The charity has entitlemènt lo the funds.,
any performance conditions 8118ched to the itemlsl of income have been mel or are fully within the
control of the charity.
Iheie is suFfi¢ienl certainly that receipt of the income is considered probable- and
the amount can be measured reliably.
enditure reco
nition
Expenditure is re¢ognised once there is 8 legal or conslruclive obligation to make a payment lo a third
party, tt Is probably that settlement will be required and the amount of the obligation Gan be measured
reliably. Expenditure is classified under the following activity headings..
Costs of raising funds comprise the ¢osts associated with the management of the Charity's
investmènts.
Expenditure on eh8ritable activities includes the costs undertaken d1rectly to further the purposes of
the Charity and their associated support costs.
Tan
ible Fixed Assets
The freehold property occupieol by the Charity is stated at ils residual value which is not depreciated.
However, all improvemènts lo the property are depreciated in line with the policy below.
Other tangible fixed assets are depreciated as follows..
Property improvements
1 00/0 Straight line
Office equipment
250/0 8traighl line
Investmènt Assets
Investment properties are initially recognised at cost and Subsequent￿ reslaled at market value al the
end of each aGGounling period. Revaluation g8ins and losses are recognised in the Slalement of
Financial Activities. Formal valuations are not C8rried by appropriately qualified persons. Due lo the
cost of obtaining professional valuations, these are carried out periodically bul not annually In the
inleNening years the market value is delerrllined by the trustees taking into account the last formal
valuation and their assessment of the property market.
Listed invèslmenls are initially recognised al cost and subsequently reslaled at market value based on
published stock exchange valuations al the erid of e3¢h accounting period. Gains and losses on
revaluation and disposal 8re recognised in the Staternent of Financial Acttvilies.

FIRST CHURCH OF CHRIST, SCIENTIST, LONDON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
(Continued)
ACCOUNTING POLICIES (Continued)
Taxation
As the Chijrch is a registered Charty the results of ils normal activities are not liable for lax.
Stock
Stocks of reading materi818rè stated at cost.
Pension costs
The charity operates a defined contribution pension scheme. Contributions payable are recognised in
the Statement of Financial Activities in the year lo which they relate.
Debtors and creditors
Debtors and creditors with no stated interest rale and receivable or payable wrf(hin one year are
recorded al Irsnsaction price. Any losses arising from impairments are recognised in expenditure.
DONATIONS AND LEGACIES
Total
2025
Total
2024
Collections
Donations
Covenants
Legacies
4,919
5,742
3,852
7,800
5,369
6,882
3.795
3,500
£22,313
£19,546
CHARITABLE ACTIVITIES
Total
2025
Total
2024
Reading room $81es
£4,030
£3,064
INVESTMENT INCOME
Total
2025
Total
2024
Rent
Dividends and interest
129,870
158,954
139,930
146,979
£288,824
£286,909

FIRST CHURCH OF CHRIST, SCIENTIST. LONDON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
(Continued)
5. ANALYSIS OF EXPENDITURE
ON CHARITABLE ACTIVITIES
Direct
Costs
Grants
funding
Support
costs
Total
2025
Total
2024
Salaries
Fees- organist and soloists
Reading room purchases
Le¢lures
Gr8nlslsubsidies paid Inote 71
Church rnainlenance
Telephone, light and heal
Printing and stationery
Insurance
IT Support
Bank charges
Membeiship fees
Investment property professional fees
Investment property r&furbishment &
maintenance
Governance costs - Audit fees
Depreciation of church builcling
Depreciation of equipment
45,340
21,231
5,363
20,584
64,229
109,569
21,231
5,363
20,584
30,958
37,924
23,043
6,622
7,013
2,346
472
1,008
656
105,502
20,407
5,806
20,574
27,102
25,356
13.890
5,595
6,809
1,248
444
1,116
10,762
30,958
37,924
23,043
6,622
7,013
2,346
472
1,008
656
1,867
3,910
1,867
3,910
1,315
3,700
1.459
2.451
500
500
£92,518 £30,958 £149,592 £273,068
£253,536
6. ANALYSIS OF COMPARATIVE DIRECT
AND SUPPORT COSTS BY ACTIVITY
Direct
osts
Grant
funding
Support
Costs
Total
2024
Church activities
£94,071
£27,102
£132,363
£253,536
7. ANALYSIS OF GRANTS
Donations
to
InstStutions
Donations
to
individuals
Total
2025
Total
2024
Church activlcies
£30,620
£338
£30,958
£27,102
Recipients of donations to inslilulions
2025
2024
Joint CS Reading Room {JCSRRUKI
The Aid Fund
UK CS Prison Chaplains
TMC Emergency Relief
Easter Camp Donation
Sunrise of Africa
Mounllands Trust Limvted
Whilehaven Trust Limrted
Bow Housing Society
Wandsworth Prison Welfare Trust
Focus DonationlJunior Focus
1,000
1,000
1,000
5.000
1,000
1,000
10,000
5,000
4,620
1,000
1,000
1,000
1,000
10,000
500
4.926
525
2,000
1,000
£30,620
£26,451
12

FIRST CHURCH OF CHRIST, SCIENTIST, LONDON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
(Continued)
8. STAFF COSTS
2025
2024
Salaries and wag@s
Social Security Cost8
Pension Costs
105,823
2,321
1,425
103,163
1,080
1,259
£109,569
£105,502
The average number of employees. analysed by
function was.,
2025
Numbe
2024
Numbe
Church Services
Reading Room
Church Building
Msnagém8nt and Administration
Includes Church Officers
No employee earned more than £60,000 in 2024125 {2023124." None).
Total remuneration received by key management amounted to £Nil12024.. £Nill.
9. TANGIBLE FIXED ASSETS
Fr8ehold
Propèrty
Church
Building
Offl¢e
FtErniture &
Equipment
Property
Improvemonts
Total
Cost or Valuation
Balance al 1 July 2024
Additions in the period
Disposals in the peiiod
1,200,000
978,323
107,121
2,285,444
Balance at 30 June 2025
1,200,000
978,323
107,121
2.285,444
De
recialion
Balan¢e at 1 July 2024
Charge for the periocl
Eliminated on disposal
978,321
105,941
500
1,084,262
502
Balance at 30 June 2025
978.323
106,441
1,084,764
Net Book Value at
30 June 2025
1,20D,000
680
1,200,680
Net Book Value at
30 June 2024
1.200,000
1,180
1,201,182
13

FIRST CHURCH OF CHRIST, SCIENTIST. LONDON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
(Continued)
10. INVESTMENT PROPERTIES
2025
2024
Market Value at 1 July 2024
Additions al cost
Disposal al Market Value
5,100.000
5,100,000
11,375,000)
Market Value at 30 June 2025
3,725,000
5,100,000
Loss on disposal of Investment Properties
Market Value
Nel Sale Proceads
1,375,000
11,372,278)
Loss on disposal
£12,722)
Anal
sis of Investment Pro
6 Wrights Lane
51 Iverna Gardens
1561156A Fulham Road
erties
3,625,000
100,OOQ
3,625,000
100,000
1,375,000
£3,725,000
£5,100,000
The properties were independently revalued al current market vslue as al March 2021 by Frost
Meadowcroft SuNeyors LLP. In the opinion of the TrLJStees, the current value is not materially different.
11. DEBTORS
2025
2024
Prepayment and accrued Income
Other debtors
3,882
39,544
£3,882
£39,544
12. WAVERTON INVESTMENT PORTFOLIO
Listed Investments
2025
2024
Market Value 811 July 2024
Charity Propety Fund al 1 July 2024
6,118,468
119,754
5,123,411
126,856
6,238,222
1.686,729
1320,4651
403,964
5,250,267
791.077
1658,8591
855,737
Additions al cost
Disposals al market value
Unre81ised gainlllossl on marketable securities
MaTket Value a130 June 2025
£8,008,450
£6,238,222
The historical cost of these investments amounts 10 £5,899.20012024'. £4,713,436).
Analysis of investment galnslllo$sesl
2025
2024
Unrealised gainslllossl on revaluations
Realised gainslllossesl on disposal
403,964
125.3931
855,737
36,504
£378,571
£892.241
14

FIRST CHURCH OF CHRIST, SCIENTIST, LONDON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Icontinuedl
13. CREDITORS.. Amounts falling due within one year
2025
2024
Accruals
Other creditors
42,304
3,954
30,830
7,507
£46,258
£38,337
Other Creditors includes £2,26312024.. £4,202) monies held for the We￿are fund, which are not part of
the main Church Activities.
14. UNRESTRICTED FUNDS
Fixed
Assets
Fund
G@neral
Reserves
Youth
Fund
Building
Fund
Total
Balance al 1 July 2024
Surplus for the period
Transfers between Funds
3,597,221
361,514
1,377,502
11,798
2,703,640
6,301,182
12.613,841
361,514
12,0001
11.375.502)
Balance al 30 June 2025
£5,336,237
£9,798 £2.703,640
£4,925,680 £12,975,355
Fixed
Assèts
Fund
General
Reserves
Youth
Fund
Building
Fund
Total
Balance al 1 Juty 2023
Surplus for the period
Transfers between Funds
2,689,158
904.153
3,910
11,798
2,703.640
6,305.092
11,709,688
904,153
13,9101
Balance at 30 June 2024
£3,597,221 £11,798 £2,703,640
£6,301,182 £12.613,841
The designated fixed 8SSet fund represents the net book value of tangible fixed assets and investment
properties. The designated youth fund represents money due to be spent on youth in the future. TPie
designated building fund represents the funds arising from the sale of the old ChuTch premises, held for
major repairs or improvernenl works or the a¢quisilion of new buildings. Transfers between funds
represent the movements on fixed assets.
15. ANALYSIS OF NET ASSETS
BETWEEN FUNDS
Fixed
Assets
Fund
General
Reserves
Youth
Fund
Building
Fund
Total
2025
Fixed Assets
Marketable Securities
Other Nel Current Assets
4,925,68D
4,925,680
8,008,450
41,225
5,304,810
31,427
2.703,640
9,798
Balance 8130 June 2025
£5,336,237
£9,798 £2,703,64Q £4,925,680 £12,975,355
15

FIRST CHURCH OF CHRIST. SCIENTIST, LONDON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
Icontinuedl
Comparative information for the analysis of net assets batween funds in the previous year is as follows..
Fixed
Assets
Fund
General
Reserves
Youth
Fund
Building
Fund
Total
2024
Fixed Assets
Marketable Securrties
Other Net Current Assets
6.301,182
6,301,182
6,238,222
74,437
3,534,582
62,639
2,703,640
11,798
Balanoe at 30 June 2024
£3,597,221 £11,798 £2,703,640 £6,301.182 £12,613.841
16. RELATED PART]ES
Theie have been no transactions with related parties during this period {2024 £Nill
No Iruslees received any remuneration during the year or previous year. No trustees were reimbursed
any expenses during the year or previous year.