Charfty registratton number 239123 (England and Walos) FIRST CHURCH OF CHRIST. SCIENTIST, BRIGHTON AND HOVE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 FIRST CHURCH OF CHRIST, SCIENTIST, BRIGHTON AND HOVE LEGAL AND ADMINISTRATIVE INFORMATION Tru$t8es l. Chrlstorthgrsen S. McGrath l. Christoph8rsan S. ￿Grath M. Thtxnas Ex•cutlve Board Chalmian l. ChristopheTren Flrst Reader L. Milchdl Socond Reader J. Webb Clerk8 S. McGralh I Christophersen Trnasurer S. McGTath Llbrarfan J.M. Weisz CharSty numbgr 239123 Independent examlngr Frien&JaTnes ￿￿118 4th Fto)r, P8d( G810 161-163 Preston Road Brighton East Sussex BN16AF Bankets Royal Bank ofS￿dan￿ P.0. Box 300 Brighton East Sussex BN1 9TE Solleltors DMH Stallard LLP 6 New Street Square New Fetter Lane Lorvjon EC4A3BF FIRST CHURCH OF CHRIST, SCIENTIST. BRIGHTON AND HOVE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MAY2025 The trustees present theirannual repc¥t and finanaal statements for th8 y&ar 31 May 2025. Th& accounts havg been prsp8r6d aC(yjrda￿ with the acKounting ￿1￿￿￿$ set (wt in note 1 to the acc¢yJnts and comply wtth the Gharivs bye4aws, applicable LAW and the requlremants of the Statement of Recommended Practice, 'Accounting and Reporting by Ch8riti8s' i8SU8d in October 2000. Obl•etIv￿ and actlvltles Article Vll Oflhe Bye Laws ststes thaL._ lil a Sunday School shojl be maintained in &Corda￿l wrth Artide XX of Thg Moth0r Church Manual. 1111 A Rea¢Jing RooTh shall be maintained by Ihe Church for the use by the public. It shall b8 undar th? control tsf the Llbrarian and Reading Room Committee wh) shall aci subjèct to th8 Execut￿? B¢ar(l. Thes& were the church's main obiedives for the year, alor@ wth holding Sund8y S8N1￿s and Wednesday testimony meelings. Publio benefft The trustees have paid due regard to guidance Issued by thg Charity C(YnmiS￿0n in deciding what actlwties the Churth 8hould undertake. Grant making policy Thè Board mak8s Charitab￿ D￿s￿on8 Ès and Wh￿ they deèm appropriate. A¢h{è￿M0￿tS and perfornMn¢g Signilicanl a¢liVth.￿ a¢h￿Vern9￿ts agalnst obi&clwes Flnan¢lal revlow The Church's financial wsiiion is sel out in the Statement of Financial A(*wties C￿ page 4. arml net outwing rosources for the year amounted to £1.064 {2024: £1.1891. ReseNes policy 11 is the policy of the Church that unrestn'cted futmts which have not been d&S￿nat@d for a spÈclfic use should be maintained at 81ovel of al le8St t￿tween thr99 arKI six monlh's eX￿nditure. The tsustees considers that reserves at this level will ensure that, in the event of a S￿nIfICan1 drop in fuThJing. (hèy will b& able lo continue the Church s currant activities while considèration is givèn to ways in whkh addrt￿a1 funds rnay be raised. This level of reswv h88 been m&nlained thrwghout the year. aiorrisks The Iru31ee5 have assessed the major risks to which the Church is exposad. at*1 arè sati8fiè(i that systems are in tAac8 to mitigat8 aXPOSLkr8 to th8 major risks. Plans for future p&ri¢d$ The Church plans to COf7ts'nue its a￿￿[beS 88 desuilHJ above. FIRST CHURCH OF CHRIST, SCIENTIST, BRIGHTON AND HOVE CONTENTS Page TrustoeÉ' rèport Indèpèndént 8xAmin8rfs rèrK)rt St8temènt of financial &C￿VIti3$ Balance sheet Notes to the financial state￿nIS 6-14 FIRST CHURCH OF CHRIST. SCIENTIST. BRIGHTON AND HOVE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY2025 structure, governance and management This Church was inaugurated on 29th September 1987, for charita￿e wrrM)ses only, by the wths(4idalion of Flrst Church of Christ, scient￿1, Brighton with Christian StserKe kniety, Hove in acixrdance with Section 6 of Article Xxlll ofth8 Manual ofThe Mothar Churth, The First Church of Chri5L SaentsL in Boston. Ma5sathusetts, U.S.A. Thè Chur(l) is govemed in a¢cordan(% with the B￿LawS issued by The Mother Church. Thls Branch Church 1$ known 88 Flrsl Church ol ChrisL S(aentisL Brighton and Hove. It aCkrK￿ed9eS the supremacy olTh8 Mother Church and is obedient to ts By~Laws relatirg to Branch Churches. Its membèrs eamestly desire to live in actha[￿ with the inspirwj ¥wrd of the Bible as inlerpreted in 'Sclence and Health with Key lo the Scriptures.. a￿1 other writings by Mary Baker Eddy. the Discovefei and Founder ol Christian Science, and to be loyal to thdr Leader and hgrteathings. The trusle¢s who seN&d during tha year and up to tho dale of svJnatU￿ of the fir￿nCIal ststements were: l. Christophersen S. McGraih In August 2021 the Tru8tees had the land and property vested the 'Off+C￿l Custodian for Ch8riti8S', 8 Sèrv￿￿ provlded by the Charty Commissiork% that hokls land and prwrty on bohalf of charrties ￿ther than in the name of indtvidual Iruslees. The companys current wli¢y conceTning the payment of trade (¥￿itorS is to frAlow the CBI'S PrDmpt Payers Codè Icoples are available frorn the CBI, Centre Point. 103 Nèw Oxlord StreeL London WC1A 1 DUI. The companvs current policy conceming the paY￿Ent of tradè credil(xs is to: setue the ternis of payn*nt with suppli8rs Wh￿ agr88iw the temts of eth trarwction,. ènsurè that suppliars are made aware of Ihe temis of payment by indusion of the relevant temis in conlracts., and pay in 8¢¢0rdancè with the company's contracbjal and other legal oblvJatlDns. Organis£lAinal St￿clU The offlcars ol this church shall comprisè of an Exeurtive Board lup to frye in number}, a first Reader, Second R88der, Clerk, Trè￿rer, Librarian and Superintendent of the Sunday Schc¥Jl. These officers are responsible for the day404ay running ofthe Church on behalf of the Trustees. The Iruslees, ￿pOrt was approved by the Board of TnIst￿. l. Chrlslophor5en Chairnian 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 to the trust88s on my examin￿lon of the finan081 gtatwnents of First Churth of Christ, Scb8ntist, Brighton and Hove (the Church) for the year ended 31 May 2025. R•sponslbllltlg8 and basls of report As th8 trustees of the Church you are respK)nsible for tho preparation of the finanaal State￿nts in accordanc& vllh tho requlr8mènts of tha Charttl8s AfA 2011. I report in rgSPgCt of my examlnatton ol thb Church's finanaal stat8mènts carried out und8r section 145 of th8 Charities Act 2011. In carying out my examÈnation I hav8 followed the Directl￿$ gwen by th8 Charlty Commlsslon under secbon 145151{bl of the Charibes Act 2011. ITKl8pend•nt èxamlnevs statement Your attèntioft is drawn lo the fact that the charity has wepared financial statements in ac£ordan￿ with Accounting and Reportlng by Charitiés prèp8ring their accounts in aco)rdance with Ihe Financial Reporting Standard applicable in the UK and Republic of Irela￿ IFRS 1021 in prefer8noe to the Accountng 8nd Rgporting by Charilie5'. Stalemanl of R8comMèr￿@d Practice issued on 1 April 2(KJ5 V1h￿ is referred lo in the extant wulations bul has nDW been Ihdrawn. l undèrstand that thls has b88n in for finanual Stateme￿ to provKle a true 2nd fair viw in accordance th GenerallyAccepted Accounting Practlce effecbve for fglK)rting ￿ricKl5 bgginning on (K aftèr 1 January 2018. I have Corn￿eted my ex8min8flon. l thnfimi Ihal no mattèrs have comè to my attenlk)n in Connécti￿ with the examination gimro me cause lo bebeve that ill 8ny rnèterial rgspert." accoUn￿ng records were not kept in restxt ofthe Chur[* as required ty sedK)n 130 of the ChartbesAd 2011. the flnancSal statements do not accc(d wth those recnrds; or tha financial staternants do not comply with the appli(th requirernents concerning the form and content of financial $tat8mènts set out in thè Charib8s IAco)unls and Reports) Regulations 2008 other than any requirement that the financial ststemonts give a true and fair wow, Ythith is nol a matter conslderBd as part of an indèpendent èxamination. have rKI concerns and have come across no other malters in c(￿nect￿n with the examination to which attention should be drawn in this ￿tK￿t in ordw to enab￿ 8 propÈr und8rstanding of the financxal staI￿nts to ba r8ached. John Warner FCA 4th Floor, PaTk Gale 161-163 Preston Road Brfghton East Sussex BN1 6AF Dated.. FIRST CHURCH OF CHRIST, SCIENTIST, BRIGHTON AND HOVE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FIRST CHURCH OF CHRIST, SCIENTIST, BRIGHTON AND HOVE I r8port lo the bwslees on my examination of the finandal statements of First Church of Christ, Scionlisl, Brighton and Hove Ilhe Church) for the year ended 31 May 2025. Rosponslbllltle$ and basls of report As the trustees of the Church you are responsible for the preparation of the financial slalemenls in accordance with the requiremonls of the Charitie5Ad 2011. I report in respect of my examinatlon of the Church's finanaal statements carried oui under $o¢tlon 145 of the Charities Act 2011, In carying out rny examination I have followed the Dlreetlons glven by the Gharity Comrnlsslon under section 14515llbl Dlthe chari￿08 Act 2011. Independont examIne￿9 $tatsment Your attenuon 1$ drawn to the fact that the ch81ity hos prepared financi818lalemenls in accordan￿ ￿th Accounting and Reporting by Charities preparing thelr accounts in accoydance wtth Ihe Flnancial Reportlng Standard applicable In the UK and Republic of Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charlties,. Slalemenl of Recommended Pra¢tl¢e isBued on l Aoril 2005 which is referrgd to in th8 exiant regulab.ons but has now been withdrawn. l understsnd that Ihls has been done in order lor financial stslemenls to provide a true and fair vlew In 8ccordance with Generalty AGcepled AcGounUng Practtv effethe for repoiting periods beginnlng on or 8fter 1 January 2018. I hav8 rnmpl8led my 8xaminatlon. I confim thal no matters have come to my attentlon In conneellon with Ihg examlnalion giving me cause lo believe that in any material respecL' a¢counling recordy were not kept in resped of the chU￿h as requlred by section 130 of the Charllles Act 2011. the financial statements do not accord wth those records.. or the finan¢lal slalements do not comply wth the appliCa￿e requirements concemlng the form and content of finar￿191 slatemerrts set OLrt in th& Charities {A¢￿InIS and Reports) Regulations 2008 other than any roquir8ment that th8 flnanoal 51al8menls give a true and fair wew, which is not a matter consldered as p8rt of an independent examjnats'on. I have no coDcems and have come across no other matters in connectlon wtth the examination to which ettenliDn 8hould be diawn in this report In order to enable a proper understanding of the financial statements to bg reached. John Warner FCA 4th Floor, Pgrk Gale 181-163 Prestcjn Road Bdyhton East Sussex BN16AF Dated.. FIRST CHURCH OF CHRIST, SCIENTIST. BRIGHTON AND HOVE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MAY2025 Unr•strictod Revaluation fund$ R￿*r¥e$ 2025 2025 Telal Untestrictsd Ro¥alu8tlon funds Reserves 2024 2024 Total 2025 2024 Incom• trom: Donations and legacies Charilabla adivilies Inveslmants 7,682 1,271 39,463 7.682 1.271 39.463 324D 1.008 38.922 3,240 1,008 38,922 Total rncorne 48.416 48,416 43,170 43,170 Expénditure on charitable acbvities 49,460 49.480 44.359 44,359 Nel galns on invastmènts 2,296 1,215 1,215 Nat expendlture and movement in funds {I,wi {1,064) (1,189) 11.1891 Reconclllatlon otfvnds: Fund balgncos at 1 June 2024 786,423 1.018.575 1.804,998 786,397 1,018,575 1.804,972 Fund balan¢os at 31 IAay 2025 787,655 1.018.575 1.8(￿.230 786.423 1.018,575 1,804,998 The slatemenl of financial art￿llIeS indudes all gains and losses re￿niled in the year. A'll income and expÈnditure d6riva from ¢onbnuing aclivities. Rèstricted tunds ind￿19S the revaluation of the investmnl prO￿rtY. FIRST CHURCH OF CHRIST. SCIENTIST, BRIGHTON AND HOVE BALANCE SHEET ASAT31 MAY2025 2025 2024 a8 restated Flxod assets Tanyible assets Investments 1.663,022 61,77T 1,661,482 59,481 10 1.724.799 1,720,963 Curr•nt assets Stocks Débtors Cash at bank and in hand 11 12 7110 700 253 85,082 82.375 83.411 86,015 Crsdltors: amounts falllng du8 wlthln one yB#r 13 {1.9801 11,980) Net currgnt assèts 81,431 84.035 Total assets I￿$ ￿rrent Ilabllltles 1,8&S,230 1,804,998 The furhd$ of the Church Revaluation Reservè Unr88trictwJ fun(Js 1.018,575 787,655 1,018,575 786,423 14 1.806,230 1,804.998 The financial stsl¢rnents were approved by the tr￿ on ......................... l. Christophetsen Chalrnian FIRST CHURCH OF CHRIST. SCIENTIST, BRIGHTON AND HOVE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 Accountlng pollcles Charlty Inforniatlon First Church of ChrisL Sclenli3L Brighton and Hove is a regISter￿j tharity. 1.1 Basls of proparatlon The fin8nci81 statements have b*n ￿pared in accordance wtth the Church's Trust Deed dated 7 October 1960, the Chariti8s A￿ 2011, FRS 102 Tre Finandal Re￿￿tifig sta￿ard applicable in the UK and Republic of Irel8￿1. I'FRS 102,1 and the Charities SORP 'Ac£cvJntiThJ and Reporbng by Ch8rities.' Statemont of Recommended Practice applicable to (a)ari¥es preparing their aco)unts in at￿rdance with the Financial Reporting Standard applicable in the UK and Republ￿ of Irdand (FRS 1021. leffeci'v6 1 J8nuary 201SI. Th6 ChLJr¢h is a Public B•nefft Entity as defined by FRS 102. The Church has taken advantage of the provision$ in the SORP for charities not to ￿pare a Statemènt of Cash Flows. Th8 financ4al statemerts have depart8d from the Charttres (Ac1￿1nts and RetK>rts) RegU￿tionS 2008 only lo the extent wulred lo prowde a tnje and fair vlew. departur8 has involved followrng the Slatem8nt of Recommended Practice for charibes applying FRS 102 rattler than the versi¢)n Of the Stat&mènt of Recomm￿ded Prdctice which is rèf8tT8d to in the Re9ulations but whlch has Sin￿ been ￿￿thd￿￿. The financial statements are prepared in sterting. which is the fu￿b0n￿l cijffgncy of the Church. Monetary amounts in the88 finanrial slatsments are round￿ lo the Dea￿st £. The finanaal st8temenls hav6 b8en prepared under tre hist￿(*1 ￿)st (x)nvention modified to include tho revaluation of freehold pmpèrtie5 and to include investment prowrtEs and ￿rtain fin8n¢yal instruments 81 fair value. The priwpal accounting Frt)Ildes adopted are Sèt out bebw. 1.2 Golng concern Al th& tirne of approving the statements. tho trustees ha￿ a reasorFable expectation that the Church has adeqLJale resiyjrces to continue in operattonal e￿StenCe for the foreseeabl? fvlure. Thus th8 tw$ttres conb'nue lo adopt the going concem basis of accountirKJ ifj preparing the financial statemenls. 1.3 Charitablo funds Unrestricted ftjnds are available for use at the disuetion of the trustees in furthuance of their charitsble objeclives. Restrictèd funds are subject lo spec?fic conditM)n$ by donors or gr8ntors as to how they may be used. The purposes and uses of the ￿stricted funds Ère set out in Ihe tKJtes to the financi81 ststements. Endowtnenl fvnds are subjèct to condttj.ons by donrxs Ihat the ￿pital must be maintained by thg Church. 1.4 Income In￿me is recognised vthen thè Church is leg81ty entiUed lo rt aftei any perfomianeè c4)ndrbDns havg bo&n mel, the arnounts 22n be rneasured roliabty, and r( is probable that income wll be received. Cash donètlons are recognls9d on receipt. Other dorwtions are recogniyed once the Church has been notlfied of the donation, unless perfomiance con¢Jf(ions requir¢ deferral of the amount. Income tax r8coverable in relation to donatior￿ received under GrftAid ordee¢Js of o)venant is recLYJniS9d al Ihg tsme of the donation. Legaoe5 are r8coonised on receipt or otherwse if Ihe Chunth has been notifiÉd of an impending Qistribulion, the amoLJnt i% known, and ro¢eipl Is expeca&d. If the amount ￿ not known. the legacy is treated as a contingent asset. FIRST CHURCH OF CHRIST, SCIENTIST. BRIGHTON AND HOVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIAY 2025 Ac¢ountlng polleles IContInu￿) Tumovtrr is ￿￿aSUre￿ al the frdir of the considera1ion or rffixlvable and represents amounts re¢2ivable for provhded in th& nom)al course of bus1r￿. 1.5 Ex￿ndIture Expenditure is reojgnised (M)cè th8fe is a legal (Y ￿nstrU￿1ve oblvJgtion lo transfer ec4Jnomic tEn&fit to a third party, it is probable that a transfer of geryN)mic benefits will be required in 5etttemenL Bnd the amount Df Ihe obligation can be mèasurad relk4bty. Expondlture is dassified by acti￿. The (x)sts of eath actbvity are madè up of total of direct C081s and shared costs, including support rAsts inv￿v￿j in unr noryunal consKJèratlon are meaSLhre(1 tha kswor of rep1aLxm￿t cost and cost. Mèt realisable value is tho ¢stimaled sdling prirx ￿ all 8slimatad o)sts of (ompletion and costs ID be incurred in mark&l'ThJ. sellir¥J and distribub"on. FIRST CHURCH OF CHRIST, SCIENTIST, BRIGHTON AND HOVE NOTES TO ThE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2025 Accountlng pollcles {Contlnu•dl 1.10 CaBh and cash equlva￿nts Cash and cash equivalents indu(le ¢xsh in hand. deposiis held 8t CAII banks. othgr short-temi investrnenls with original maturities of m(Mths or less, an(1 bank overdrafts. Bank ovetrlrafts are shown thin borrowings in current IkAbilth'e5. 1.11 Flnanclal instruments The Churth has elected to appty the PT0V￿l0￿s of Section 11 'Basic FinBndal Instruments, and Sectlon 12 'Other Finaneial Instruments Issues. of FRS 11Y2 10 all of its finanry81 instwmen Financial instruments recognised in the Church's balancè sh88t vth8n Ihe Church becomes paty to lh6 contr8Ctu81 provlsbns of Ihe instrument Financial 8ssels and liabilities are offset, with the nèt am¢xJnts presented in the financial statements, when there is a legally enfor￿ble rKJhl to SgÈ off Ihe retywnised amJJnts a￿1 there is an intention to sett18 on a net basis or to ￿alIse the asset and settle Ihe Ilability simultan8ousfy. Basic ljnanclal assgts Basic financial assets. whl¢h include debtors and cash arKI bank b818nces, are initially measured al tr8nsa¢lion pric8 induding transactton cosis and are subwuenuy carried at amorbsed cost using th& effective interest methcd unless the arrangement constitutes a ffirtanciThJ tr3nsa(*ion, where the transaction Is measured at the present value of the future rec*pts * 8 market ffdte of interest Financial assets classified as r8eéivable wlhin one year are ￿t 8rnotts"sed. Basle fin8nci•l lialxlitles Basi¢ fin8noial liabilities, including creditors and bank loans are initially recognis8d 8t tr8ns8Ction price unless the arrat￿ement consbtul8s 8 financing Iransaciion. ¥the￿ Ihp debt instrument is measured at the p￿SEnt valuè of th8 ILrture payments discounted at a market rate of interest. Financxal liabiliti&s dassified 88 payable thin one year arg not amortised. Debt instruments are subsequendy ¢arried at amorti￿j cosL usirrfJ the effective intar8St r8t8 method. Trade cr8ditor5 are obligations to pay for g(xyJs or Servi￿ that have Imn aCqui￿d in the ordinary course ol operations from suppliers. AN￿Unts payabk are dassrfied as &Jrrènf liabilities if payment Is due within one year or less. If noc they a￿ presented as non-¢urrenl I￿￿11t￿. Trade credjtors are rewgnised initially at transaction pri￿ and subsequently measured at amrlised cost usirwj the effective interest method. Derncognltlon of flnandal Ilabllftles Finanoal liabilities aw dereLyJgnised when the Church's o)ntr8ctU81 obligations ewre or are discharged or an(Elled. Critlcal accounting •sUmat•$ and judgements In the applicati(￿ of thé Church's acc4Junling pclicies. the truslees are required lo mak& judgèments, gslimates and 8ssumplion5 atr￿ut the carrying amount of assets and liabilities that arè not readily apparent frorn other sources. The èstimates and a￿CIal￿ assumptions arg based on historical ex￿rienCe and other factors that are eA)nsMlered to be rdevanL A(aual results may dlffer from these estim81ès. Th& osb"mat88 8nd underlytng assUmpth.￿S arg on an ongoing basi%. Revisions lo accounting estimates are recognised in period in whith the estimate ￿ rèvised Ythere the rewsion affects only that period, or in the peri(MJ of the remsicn and futurè p8ri(bds where the revi￿0￿ affects t￿th current and fuiure periods. FIRST CHURCH OF CHRIST, SCIENTIST. BRIGHTON AND HOVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2025 Incom? from donallons and legacles Unreslrf¢ted funds 202S Unro8tri¢t¢d funds 2024 Donation5 8rvJ grft5 7.682 3,240 Incomg from tharitablg actrvit Unr¢strictrfl funds 2025 Unre$tri¢ted funds 2024 Sales 1,271 1,008 Income fmm invèstments UnreBtricted Unrnstrfcted funds funds 2025 2024 Rental irthmè lllcome from listed investments Intergst receivable 36.053 1,572 1,338 35.640 1.966 1,316 39,463 38,922 2 X 141 O * OJ D fD CTJ r)c) a> ¢J) v) t710￿0￿￿)0￿ IY 10 e4 Oor *I7J0￿0￿ fO(D Ln ¢Wr (V FIRST CHURCH OF CHRIST, SCIENTIST, BRIGHTON AND HOVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2025 Galns and losse5 on Investments Unrestrl¢t•d Unrostrl¢t funds funds 2D25 2024 Gainslllosses} arislng on= Revaluation of Investments 2.296 1,215 Taxation The charity is exemptfrom tsxalion on 115 ac*wltes b￿U88 all 513 income is apPl￿d for charit8bl8 purposes. Tanglble fixed assets L*)d and bulldlngs Flxtiire5. fftmngs 8 Totsl Cost or valuation At 1 June 2024 Addtbons 1.550.0 111,482 1.661,482 1,540 1,540 At 31 May 2025 1.550.0 113,022 1.863,022 Carrying amount At 31 May 2025 I,￿O.0c 113,022 1,663,022 At 31 May 2D24 1.550.000 111,482 1.661.482 The valuation of land and buildings was made by the Trnstaes on an open markét valuè basis by r8ferwce to market evidence of Iransactv)n prices for smilar woperties. The historical wsl of the property is £531,425. 11 FIRST CHURCH OF CHRIST, SCIENTIST, BRIGHTON AND HOVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2025 10 Flxed ès$èt imiestmont8 Llsted Invastmants Co$t or ¥alua¥on Al 1 June 2024 Addltion8 59,481 2,296 Al 31 May 2025 61,777 Carrying amount Al 31 May 2025 61,777 Al 31 May 2024 59.481 11 Stocks 2025 2024 Finished g￿￿18 8rKI gocxls for r6s818 70D 700 12 Debtors 2025 2024 Amounts fallirg due withln one year: Pr8payménts ar￿ 8e¢rued inc4Jme 336 253 13 Cmdltors: amounts falling due wlthln one year 2025 2024 Accruals and deferred income 1,980 1,980 14 Unrestrlcted funds The unrestrlcled funds of the Charity ujmprise the unexp8nded balarths of donations and grants which are not subject to spectfic condrtions by donors and grantors 8$ to how they rnay b8 used. These include designated fvnds which have been set aside out of unrestricted lunds by the tnkgtees for specific purposes. At l June 2024 Incomlng resou￿ Re50urc85 Gains and lossas At 31 May 2025 Generdl fUr￿S 786,423 48,416 {49.4801 2,296 787,655 12- FIRST CHURCH OF CHRIST, SCIENTIST. BRIGHTON AND HOVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2025 14 Unrnstrl¢t•d funds Icontlnuedl Prevlou$ year. At 1 June Incomlng Resource8 2023 resources expgnded Galns and losses At 31 May 2024 General funds 786,397 43,170 {44.359) 1.215 786.423 15 Analysis of n•t assets between funds un￿tr1thd Rgvaluatlon funds Rgsor¥è$ 202S 2025 Total 2025 At 31 May 2025. Tangl￿6 assets Investments Current ass8ts1(liabilities) 644.447 61,777 81.431 1,018,575 1,663,022 61,777 81,431 787,655 1.018.575 1.806,230 Unrostrlcted Revaluatlon funds Reserves 2024 2024 Total 2024 At 31 May 2024.. Tangl￿￿e ass&ts Investments Current ass8ts1{liabilities) 642,907 59,481 84.035 1,018,575 1.661,482 59,481 84,035 786.423 1.018,575 1,804.998 16 Related party ￿n$*clI￿n5 There were no disd05alJe related party traw¢*(m during Ihe year {2024- £131). 13- FIRST CHURCH OF CHRIST. SCIENTIST, BRIGHTON AND HOVE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 MAY2025 Changes to the balance sheet At 31 May 2024 As pr•vlousty Adjustmenl reported A8 restated Capital fijnds Inry)me funds Revalu81ion Res&rve Iundistribtrtablè) Unrestricted funds 1,018,575 {1.018.5751 1.018,575 786.423 1.804,998 Total equlty 1.804,998 1,804,998 In prevTOUS financial stst&monts the revaluation Mov￿ent on th8 t)roperty were includ within unrestrlcled lunds. A prior period adjustment hay baen urK5ertaken in the 2025 ac¢ounts to r8port the fvnds separately on the BalarKe Sheet. 14-