Charlty registration number 239123 FIRST CHURCH OF CHRIST, SCIENTIST, BRIGHTON AND HOVE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
FIRST CHURCH OF CHRIST, SCIENTIST. BRIGHTON AND HOVE LEGAL AND ADMINISTRATIVE INFORMATION Trusteès l. christopheen S. McGralh l. Christophetsen S. M¢Gralh M. Thomas Exec5Ve Board ChaImn l. Chri8lophersen Flrst Reader L. Mitchell Second R&ad&r J. Clerks S. McGrath I Christophersen Treasurer S. McGrath Llbrarfan J.M. tIsZ Charity number 239123 Independent examiner Friend-James Limited 4th Floor, Park Gate 161-163 Preston Road Brighton East Sussex BN16AF Bartkers Royal Bank of ScDUand P.0. Box 300 Brighton East Sussex BNI 9TE Sollcltors Griffith Smith LLP 47 Okl Steyne Brighton East Sussex BN1 INW Moira Protani Limited 72 Woodboume Avenue Brighton BN18EJ
FIRST CHURCH OF CHRIST, SCIENTIST, BRIGHTON AND HOVE CONTENTS Pagè Tru5tees' repDrt Independent examiner's report Slalemenl of finanaal activibes Balance sheet Notes lo the financial statements 6-13
FIRST CHURCH OF CHRIST, SCIENTIST, BRIGHTON AND HOVE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MAY2024 The trustee8 present their annual report and financial stalemants for the year ended 31 M8y 2024. The accounts have been prepared in accoidance wilh the accountsng policies set out in note 1 to the accounts and camply with the cknarity's bye.laws. applicabFe law and th8 requirements of the Statement of Recommended Pmclice, Accounting and Reporting by Charities" issued in October 2000. Objectives and actlvltle$ Article Vll Of the Byè Laws states that.. - (Il a Sunday Sthool shall be maintained in occordance withArtide XX of Th& Mother Church Manual. lill A Reading Roorn shall be maintained by the Churth for th8 us8 by the public. It shall be undw the control of thè Librarian and Reading R(Y)m Comrnittee who shall act subject to the Executive Board, These were the church's main objethes for the year. along holding Sunday servic£s and Wednesday testimony mèetings. Public benefit The trustees have paid due regard to guidan issued by the Charity Commission in dwding at a¢livities th& Church should undertake. GTsnl making poliGy The Board makes Charitsble Donations a¥ and when they deem appropriate. Achlevements and perfomance Signifi'cant activities and achievements against i)biectNes Financial revlow The Church's financial position is sel out in thg Slalemenl of Finanual Aclivities on page 4, and net outgoing resources for the year amounted to £2612023: net outgoing resources of £6,891). Ros&ryes policy 11 is the policy of the Church that unrestricted furKls which have not been d8signated for a specift use should be maintained At a level of at least between three and six month's expendiiufe. The trustees SiderS that reserves al this level will ensLtre that, in the event of a significant drop in funding, Ihey will be able to continue the Church's current activities while considerab'on is given lo ways in %thich additional funds may be raised. This level DI reserves has been maintsined Ihroughoui the year. Majorrisks The Iruslees have assessed the major risks to which the Church is exposed, and are satisfied that systems are in pla lo miligale exposure to the major risks. Plans for future perlods The Church plans lo continue ils activ95 as described above.
FIRST CHURCH OF CHRIST. SCIENTIST. BRIGHTON AND HOVE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 Structur&. govèrnancè and management This Church was inaugurated on 29th September 1987, for charitable purposes only. by the eonsolidalion ol First Church of Christ, Scientist. Btighton with Christian Science Soaety. Hove in accordance vAth Section 6 of Article Xxlll of th8 Manual of The Mother Church. The First Church of Christ, S¢ientist. in Boslon, Massachusetts , U.S.A. The Church is gov8rnod in accordance vthh the By-Laws is$Ld by The Mother Church. This Branch Church is known as First Churth of Christ. Sa"ents"st. Brighton and Hove. It acKnedgeS the suprernacy of Th8 Mother Church and is obedient to its By-Laws relatlng to Branth ChheS. Its m?mbers earn&sUy d8sire to INe in aco)rdance vAth the inspired word of the Bible as interpreted in 'Sa?nce and Health with Key to the scripres,, and other wrilngs by Mary Baker Eddy, the Discoverer and Found ol Christian Science, and lo be loyal to Iheir Leader and her teathing8. The Iruslees who s2Theil during the year and up to the date of signaknre of the finanuaj statements were.. l. Chrisloph8rs8n S. ThAcGralh J Webb (Resigned 26 November 20231 In August 2021 the Trustees had the land and property vested wth the 'Official Custodian for Charities,, a servic8 provided by the Charity COMMISon$ that holds lanfl and propety on behalf of ch8rrf(ies rather than in th8 nam8 of indThiidual trustees. The company's current policy concerning the payment of trade creditors Is lo floW the CBI'S Pronyt Payers Code (copies are available from the CBI, Centre Poin(103 New Oxtord Street, London WC1A 1DUI. The company's current policy concerning th& payment of trade editOrS is to.. settle the terms of payment with suppliers when agreeing the lemis of each transaction., ensure that suppliers are made aware of the lernis of payment by indusion of the relevant terms in conlr8cts,' and pay in acc4Jrdance wrth tho companys witracttwl and other legal obllgations. organi110nal strudure The offi¢ers of this church shall comprise of an Ex*cxAttrV8 Board lup lo five in number), a Firsl Reader. Second Reader, Clerk, Treasurer, Librarian and Superintendent of the Sunday Sthool. These officers are responsible for the day-lTrday running of the Church on behalf of the Trustees. The trustees. report was approved by the Board of Trustees. OLLkts< l. Chrislophersen Chairman Dale..
FIRST CHURCH OF CHRIST. SCIENTIST. BRIGHTON AND HOVE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FIRST CHURCH OF CHRIST, SCIENTIST, BRIGHTON AND HOVE I report lo the trustees on my examination of the financial statements of First Church of Christ. Scienti51, Brighton and Hove (the Church) for the year ended 31 May 2024. Respon$ibllitlès and basis of report As the Iruslees of the Church you are responsible for the weparation of the fin8nci81 statements in accordance with the requirements of the CharitiesAd 2011 (the 2C111 Act). I report In rospect of my examination ol the Church's finanoal statements carried out under 3ection 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity CommissK)n under section 145151{bl of the 2011 Act. Independent examlnerfg statement Your attention is drawn to the fact that the chanty has prepared financial statements in accordarLg with AuntIng and Reporting by Charities pr8paring their accoLJnts in accordance viti th& Financial R8pc>rting Standard applicable in the UK and Republic of Ireland IFRS 1021 in prelerence to the Accounting and Reporting by Charities.. Slalemenl of Recommended Practice issue(l on l April 2005 which is refetred lo in the exlanl regulations but has now been withdrawn. l understand that this has been done in order lor finanaal Statements to Pfowde a true and fair view in accordance with Generally Accepted Accounb'ng Pradice effective for reporbng periods beginning on or after 1 January 2018. I have completed my examination. I confirn) that no matters have come to my attention in connection with the examination givlng m& cause lo beIve that in any material respecL accounting records were not k9pI in respect of the Church as required by section 130 of the 2011 Act,. or the financial statements do not accord with those cOrdS.. or the finanoal statements do rt compty wtih the applScable requirements conceming the fonn and content of accounts set out in the Charrties (Accounts and Reports) Regulations 2008 other than any requirement that the aOnIS give a true and fair wew which is not 8 matter considered as part of an independenl examination. I have no concerns and have come across no other matters in Connection with the examination lo which attèntion should be drawn in this rèport in order to enable a proper understanding of the finanaal slalemenls lo be reached John Warner FCA 4th Floor. Park Gate 161-163 Preston Road Brighton East Suss8X BN18AF Dgled..
FIRST CHURCH OF CHRIST, SCIENTIST. BRIGHTON AND HOVE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MAY2024 Unrestrfcted funds 2024 Unr8strlcted funds 2023 Noles Incom& from.. Donations and legacies Charitable activities Investments 3.240 1,008 38,922 3,048 739 36,045 Total incom• 43,170 39.832 Expenditure on charitsble aCtNeS 44,359 42,833 Nel gainslllossesl on investments 1,215 13,8901 Net expendlture and movement In funds (1,1891 13,0011 Reconclllatlon of funds". Fund balances at 1 June 2023 1,804,972 1,811,863 Fund balances at 31 May 2024 1.804,998 1,804,972 Ihe stslement of finanal acUvthe8 indudes all gains and losse5 recogni5ed in the year. All irKome and expenditure derive from continuing activities.
FIRST CHURCH OF CHRIST, SCIENTIST, BRIGHTON AND HOVE BALANCE SHEET AS AT 31 hlAY2024 2024 2023 Notes Flxed assets Tangible assets Investments 10 11 1,661,482 59,481 1,660,853 58,266 1,720.963 1,719.119 Current assets Stocks Debtors Cash al bank and in hand 12 13 700 253 85.C62 700 147 86,656 86.015 87,503 Crsdltors: amounts falllng due wlthln one year 14 11,980) 11,6501 Nèt current assets 84,035 85,853 Totsl assèts loss current Ilabllltles 1,804,998 1,804,972 Net asséts excludlng penslon Slablllty 1,804,998 1,804,972 The funds of the Church UnreStrted funds 1,804,998 1,804,972 1,804,998 1,eo4,972 Th6 financial statements wèrè approved by the trustees on . IQLJLW l. Chrislophersen Chalmian
FIRST CHURCH OF CHRIST, SCIENTIST, BRIGHTON AND HOVE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY2024 Accountlng pollcles 1.1 Accountlng convèntlon The financial slalemenls have been prepared in accordance with the Church's Trust Deed dated 7 October 1960, the Charilios Act 2011. FRS 102 'The FinanrAal Reporting Standard applicable in the UK 8nd Republic of Ireland" I'FRS 102.1 and the Charitses SORP "Aec4)unting and Reporting by Charitles: Slalement of Recommended Pracb'ce applicable lo charTknes preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK arKI Republic of Ireland {FRS 1021" {effective 1 January 20191. The Chtjrch is a Public Benefit Entity as defined by FRS 102. The chu has taken advantage of the promsions in thè SORP for charities not lo prepare a Stslement of Cash Flows. The finanelal statements have departed from the Charities IAc¢ounls and Reports) Regulations 2008 only lo the extent required to provide a true and fair view. This departure has involved following th8 Stal8mènt of Recommended Pr*ice for charities applying FRS 102 rather than the version of the Slalement of Recommended Practice whlckn is referred to in the Regulations but which has Since been withdrawn. Thè financgal statements are prepared in sterfing, whth is the fvnctional cUencY of the Church. Mongtary amounts in these financial stslements are rounded lo the nearest £. The fin8ncial 51atemenls have been prepared under the historical 51 convention. The prinrApal accounting poliaes adopted are set out below, 1.2 Going ¢oncorn 1.3 Charitable lund$ Unrestricted fijnds are available for use at the diSCretic of the trustees in furtherance of Iheir charitable objectives. Reslricled funds are subject lo specific conditions by donors or grantors as to how they may be used. The puTposes and uses of the reslricled funds are sel out in the riotes lo the financial slalements. Endowment funds are Subject to specffic cOndonS by donors that the capitsl must bo maintained by the Church. 1.4 Income In¢ome Is recognisetl when the Church is legally entiued to it after any performance conditions have been met, the amounts can be measured reliably, and il is probable that income will be re1Ve. Cash donats'ons are recognised on receipt. Other donations are recognised once the Church ha8 been notified of the donation, unless performance conditions require deferra5 of the amount. Income lax ffcoverable in relation lo donations received under GiftAid or deeds ot covenant is recognised at the b.me of the donation. Legacies are recognised on receipt or olhewse rf Ihe Churth has been notified of an impending dislribtslion, the amount is known, and receipt is expected. If Ihe amount is not known, the legacy is treated as a contingent asset. Turnover is measured at the falr value of the conwderation r1Ved or r1vable and preSentS amounts receivable for goods and semces provided in the noThnal course of business.
FIRST CHURCH OF CHRIST, SCIENTIST, BRIGHTON AND HOVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 Accountlng pollcl8s Icontlnuedl 1.6 Expendlture Expenditure is recognlsed once there is a legal or constructive obligation lo transfer ecDlloTnic b8n8fit to a third party, rt Is probable that a transfer of 8conomic bèrtefits will be required in settlement, and the amount of the obligation can be measured r81iably. Expenditure 18 dassified by activity. Th8 Costs of each activity are made up of the lolal ol dir¥t 51$ and sh8red costs, including support costs involved in undertaking each aclivily. Direct costs attributable to a single acb'vily are allocated d1clIY to that activity. Shared costs vthith contribute to more Ih8n one activity and support costs which are not attributable to a single activty are apportioned betr4een those activilEs on a ba515 consislenl wth the use of resourees. Central staff Costs are allocated on the basis of lime spent. and depreciation charges are allocated on the ption of the asset's use. 1.6 Tanglble flxed assets Tangibl& fix8d ass8ls 8r8 initially measijred at c*)st and subsequenly measured al cost or valuation. nel of depreciation ané any impaimienl losses. Depreoats'on is re¢ognised so as to WTTie off the c05t or valLwtion of assets less their residual values ovor their useful Iwes on the following bases.. Land and building5 Nil depreaation 1$ provided as the charity has a policy of regular revaluation. I charity equipment is fulty maintained on a reyular ba81s so no depreaation is pyovided. Fixtures, fittings & equipment The gain or loss arising on the disposal of an asset is detemilned as the dlfference between the sale proceeds and th8 carrying value of the asset, and is recognised in the Statement of financial actswties. 1.7 Flxed asset investments Fixed asset investmenls are initially measL¢red al transaction price @xduding transaction costs, and are subsequently measured at fair value al eath reporting dale. Changes in lair value are recognised in nèl incomellexpendilurel for the year. Transaction costs are expensed as incurred. 1.8 Impalrmpnt offixed assets At each reporting erbd dale: the Church review5 the carrying amounts of its tangible assets ID dolermino whether there is any indication that those assets have suffered an impaimient loss. If any su¢h indvtion exists. the recoverable amount of th8 asset is esknmated in order lo detemine the extent of the impairment loss lif any). 1.9 stocks stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable. direct labour costs and those overheads that hav& been incurred in bringing the stod(s to their presènt location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and CL)St. N81 realisable value is the eslimaled selling price less all estimated costs of completion and costs lo be incurred in marketing, selling and distributiDn. 1.10 Cash and cash equlvalents Cash and cash equivalents irt¢lude cash in hand, deposiis held at call wth banks. other shorytem liquld inveslmènls with original mabJriti'es of three months or less. and bank overdrafts. Bank overdrafts are shown thln borrowng5 in current liabililies.
FIRST CHURCH OF CHRIST. SCIENTIST. BRIGHTON AND HOVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 Accountlng polleiès (Continuedl 1.11 Flnanclal Instruments The Church has elected to apply the provisions of Section 11 'Basic Finanryal Instrumenls, and Section 12 'Olher Financial In51rumenls 1ssue5' of FRS 102 to all of its financial instnjments. Financlal Instruments are recognised in the Church's balance sheet when the ChurGh becomes paty to the contractual proMsion5 of the inslrurllent. Financial assets and li8lxlities are off5el. wrth the net arnounts presented in the financial stslements, when there 18 a legally enlor¢e8ble right lo set off the recognised amounts and there Is an intenlion lo s8llle on a net basls or lo realise the asset and settle the liability wmutsneously_ Basic financial assets Basic financial assets. which inclLKle debtors and cash and bank balances. are initially measured at Iransacuon prlce including transaction costs and are subsequenlly rrIed at amortiseé cost using the effective interest method unless the arrangement conslrtules a financing IransactlDn. where the transaction is measured al the present value of the fLrture receipts discounted at a market rale of interesL Finanaal assets classified as rèceivable within one year are not amortised. Baslc flnanclal liabilities Basic financial liabilities, including creditors arKI bank loans are inilialty recoynised al transaction pri¢e unless the arrangement nstItuteS a finane4ng transaciion, where the debt instrumenl is measured at the present value ol the future payments discounted al a market rate of interest. Finanryal liabilities classified as payable within one year are not amorbsed. Debt instruments are subsequenlty carTied at amorbsed cost, using the effective interest rale method. Trade crèditors are obligations to pay for goods or setvices that have been acquired in the ordinary course of operations from SLJppliers. Amounts payable are d85Stfied as current liabilities rf payment is due thin one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transacts'on pric& and subsequenty measured at amortised cost using the effethe interest method. Derecognltlon of Ilnanclal Ilabilllles Financial liabilities ar8 derecognised vthen Ihe Church's contraclual obligations expire or are discharged or cancelled. 1.12 Employeg boneffts The cost of any unused holiday entiuement is recognised in the p*riod in which the employee's services arè received. Temiinats'on benefits are recognised immediately as an expense when the Church is demonstrably committed lo terminate the employment of an employee or lo provide lemination beneffts. Crltl¢al accountlng estlmates and judgements In the application of the Church's accounting poliues. the trustees are required lo make judgements, estimates ané assumptions about the carying amount of assets ancl liabilities that are not readily apparent from other sources. The èsts"males and assory8ted as5UfNPt"ons are based on historical experience and other factors that are consideTed to be relevant. Actual results may differ ftom these estimates. The estimates and utiderfying assumptions aTe rewewed on an ongoing basis. Revisions to accounting estimates are recnISed in the period in which the estimate is revi58d ere Ihe revision affects lY that period, or in the period of the revision 8nd future periods where the revision affeds both cuNent and future period5.
FIRST CHURCH OF CHRIST, SCIENTIST, BRIGHTON AND HOVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 Income from donatlons and legacles Unrestrlcted Unrestrlcted funds funds 2024 2023 Donations and grf18 3,240 3,048 Income fTom charltable actlvltles Unrestrlctèd funds 2024 Unrnstrlct8d funds 2023 Sale of 0dS 1.008 739 Income from invèstmènts Unre$trlctgd Unrnstrlcted funds fund$ 2024 2023 Rentsl income Income from listed investments Interest receivable 35,64C) 1,966 1,316 34,920 1,243 1118) 38.922 36,045
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FIRST CHURCH OF CHRIST. SCIENTIST, BRIGHTON AND HOVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Tot81 There were no employees whose annual remuneration was more than £60,000. Galns and loss•s on Investmonts Unrestrlcted Unrestrlcted funds funds 2024 2023 Gainslllossesl arising on.. Revaluation of investments 1,215 13,8901 Taxatlon The charity 18 exempt from taxab.on on its aclivities beeause all Its income is applied for charitable purposes. 10 Tangiblo fix8d assets Land and bulldlngs Flxtur8S. fittings & oqulprnent Tolal Cost or valuatlon At 1 June 2023 Additions 1,550,000 110,853 1.660,853 629 629 At 31 May 2024 1,550,000 111,482 1,661,482 Carrylng amount Al 31 May 2024 1,550,000 111,482 1,661,482 Al 31 May 2023 1,550,QOO 110.853 1,660,853 11
FIRST CHURCH OF CHRIST, SCIENTIST. BRIGHTON AND HOVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 11 Flxod asset Investments Llsted Investments Cosl or valuation At 1 June 2023 & 31 May 2024 58,266 Carylng amount Al 31 May 2024 58,266 Al 31 May 2023 58,266 12 Stocks 2024 2023 Finished goods and goods for resale 700 700 13 Debtors 2024 2023 Amounts falling due rythin one year. Prepayments and accrued income 253 147 14 Creditors: amounts falllng due wlthln one year 2024 2023 AccTuals and d8fgrred income 1,980 1,650 15 Unrostrfcted funds The Ljnrestricled funds of the charity comprise Ihe unexpended balan of donotions and grants which are not subject lo specific conditlDns by donors and gr3nlor5 as to how they may be used. These include designated fvnds which hove been sel ade out of unrestrict8d fvnds by the tsleeS for specific purposes, At 1 June 2023 Incomlng resoue8 Resources expended Gains and losses At 31 May 2024 General funds 1.804,972 43.170 144.3591 1.215 1,804,098 12-
FIRST CHURCH OF CHRIST. SCIENTIST, BRIGHTON AND HOVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 16 Unrestrlcied funds Icontlnufrdl Prevlous year: Al 1 June 2022 Incomlng Resources resources èxpended Galn5 and loss89 At 31 May 2023 General funds 1,811,863 39,832 142,833} {3.8SOI 1,804.972 16 Related party transactlons There were £131 disclosable relaled paty transa¢A"ths during the year12023- none}. 13-