CHARITY REGISTRATION NUMBER: 241014 Christian Science Society Sheffield Unaudited Financial Statements 31 December 2023 HEBBLETHWAITES Chartered Accountants 2 Westbrook Court Sharrow Vale Road Sheffield S118YZ
Christian Science Society Sheffield Flnanclal Statemants Year ended 31 December 2023 Pages Trustees, annual report 1to2 Independent examinerfs report to the trustees Statement of financial activities Statement of financial position Statement of cash flows Notes to the financial statements 7t013
Christian Science Society Sheffield Trustees. Annual Report Year ended 31 December 2023 The trustees present Ihgir rgport and the unaudited financial slalem8n15 of th8 Charity for the year ended 31 December 2023. Reference and administratlve detalls Reglstered charity name Christian Science Society Sheffield Charlty reglstratlon number 241014 Prlnclpal offlce 1 Severn Road Sheffield S10 2SU The tfU8tee8 Mrs H Bishop (Chairl Mr S J Drake {Clerk & Treasurer) Mr R Morrell Ind•p•nd•nt examlner Andrew Throssell FCA Hebblelhwailes 2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ Structure, govemance and management Governlng document The charity was originally fomed as a Church in 1909 as the First Church of Christ, Scienlisl, Sheffield. 11 was regislered with the Charity Commission in 1965 under a declaration of Trust made on 28 Septembar 1960. Under revised By.Laws dated 4 March 2019 the charity ch8nged lo the Christian Science Sociely Sheffi8ld. The Society Is 8 branch of The Mother Church, The First Church of Chrlsl, Sci8nlisl, in Boslon. Massachusells and ils affairs are govemed in 8ccord8nce with the Manual of The Mother Church and ils own By-laws. The demands of the Manual of The Mother Church on a Society are less stringent Ihan those on a Church and compliance is simpler for our small and 8geing membership. Governlng l)ody The Execullve 8oard are Ihe TTuslees of the Society and 8re responsible for its running. Th8 Executive Board are 8lecled annually In accordance with the Society By-laws. They lake up offlce for one year commencing at the commencement of the Society Y8ar in May.
Christian Science Society Sheffield Trustees. Annual Rèport feontlnued) Year ended 31 December 2023 Objectives and actlvltles The object of Ihe charity is to demonstrate and publiely present the Truth AS sel forth the Bible and inlerpreled in the Christian Science text book. The main Bcllvity of the Society is holding all seNices and meetings aulhorised by the Mariual of The Mother Church, and the activity of the Reading Room is the provision of public facilities for study, loan and purchase of Christan Science literature and access lo Christian Science websites. In planning the activities for the year the Trustees have complied with the Charity Commission's gener81 guidance on public benefit, and in particular the specific guidance on charrties for the advancement of religion. Achlevernents and perform•nce - Chalrnian's •tatement The ongoing operation of the Sociely continues as provided for In the Manugl of The Mother Church and in our By-Laws. Live. in person. services have been held conllnuously throughout the year. The modifications lo the Severn R08d building lo accommodate the Reading Room We completed in the spring of 2023. Sales ol books and p8riodic81s elc. have rnow started again from the new Reading Room bul only as an extra lo the services. The sale of the Townhead Street Room was completed in October and is now back with the building owner. We conllnue lo support our members and fiiends as best we can wth regular communications by em811, lexl and snail mail. Our members meetings continue lo be conducted remotely by emall and snall mail. Our consolidated premises in Severn Road have allowed Lrs lo start lo reach out to those from the surrounding offices, who use our entrance for lunch breaks. We are looking lo gel more acllve in our dlsplay5 in oblainlng an electronlc dlsplay system wllh moving displ8ys. Our ongoing difficulty is gelling members to give Ihelr Ilm8 lo make the Reading Room more aGlive. The property of the Society Is vested In the Official Custodian. Flnanclal revlew The Si8lemenl of Fin8ncial Activities for the year is Sel out on page 4. The free reserves of the charity at 31 December 2023, exeluding property assets, amounted lo £412,899 (2022 £260,160) and these are invested lo provSde an Income to meet the ongoing running costs of Ihe Society. Grants and donations out of Ihe assets of the charity are shown in note 9 to the fin8ncial sl8lements. Plans for fulure perlods The Trustees will continue lo m8in18in and make improvemonls to the premi$8s and the Society plan8 lo continue ils activlties as described above. The trustees, annual report was approved on 7 August 2024 and Signed on behalf of the board of tru51ees by.. Mrs H Bishop Chair and Trustee
Christian Science Society Sheffield Independent Examiner's Report to the Trustees of the Christian Science Soclety Sheffield Year ended 31 December 2023 I report lo the trustees on my examination of the financial statements of the Christian Science Society Sheffield I'lhe charity'l for the year ended 31 December 2023. Respon$lbllltles and ba818 of report As the trustees of the charity you are responsible for the preparation of the financlal 3talemenls in accordance with the requirements ol the Charities Act 20111.lhe Act,). I report in respect of my examlnaiion of the chartly's financial statements carried out under seclion 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145151{b) of the Act. Independent èxamlnorfs statement I have completed my examination. I confirm that no materiAI rnatte have come lo my attention in connection wllh the examination giving me cause lo believe that in any maten81 respect: accounting records were not kept in respeel of the chanly as requlred by seclion 130 of Ihe Act., or the financial statements do not accord wlth those records.. or the financlal statements do not comply with the applicabl6 requiremen18 concemlng the form and contenl of accounts set out in the Ch8ri1i8s (Accounts and R8POrtsl Regul81ions 2008 other than any requirement that the accounts give a 'lrue and fair, view which 1$ not a matter congidered as part of an independent examination. I have no concems and have coma acro$s no other maller$ Sn connection with the ex8mlnallon lo which attention should be drawn in thls report In order lo enable a proper understanding of the accounts lo be reached. Andrew Throssell FCA Independent Examiner 8 Augu512024 Hebblelhwaites 2 w8slbroDk Court Sharrow Vale Road Sheffield S11 8YZ
Christian Science Society Sheffield Statement of Flnancial A¢tivities Year ended 31 December 2023 2023 2022 Total Total Unrestrlcted unrestrlcted funds funds Not8 Income Voluntary income Investment income Other income 31,960 19,646 6,316 7,122 18,788 Total Incoma 57.922 25,911 Expendlture Expenses Church expenses Reading Room expenses Donations 16.828 1,677 12,265 1.544 362 Total expendlture 18,505 14.171 Net Incoma 39.417 11,740 Other recognl8ed galng and108801 Gainslllossesl on investments, dispos81 of tangible fixed assets and depr8ci8llon Net movement lund8 90,775 128,896) 117,156) 130,192 Reconclllatlon of funds Total funds brought fOard Total funds carrled forward 539,458 556,614 669,650 539,458 The ststemenl of financlal activities includes all galns and losses recognised in the year. All income and expenditure derive from conlinulng activie5. Th• notes on pages 7 to 13 fomi part of Ihes8 financial statements.
Christian Science Society Sheffield Statement of Financial Position 31 December 2023 2023 2022 Nota Fixed assets Tangible fixed assets 14 256,751 279,298 Current issots Stock5 Investments Cash at bank and in hand 15 16 17 2,905 360,239 49,755 412,899 2.950 218,093 39.117 260.160 Net cuffont asset8 412.899 260.160 Total assets loss current Ilabllltles 869.650 539,458 Funds of the charlty Unreslricled lunds 669,650 669,650 539,458 Total chatY funds 18 539,458 These financial $lalemenls w8re approved by the board of Iruslges and aulhorised for issue on 7 Augu81 2024 and are Signed on behalf of the board by.. Mrs H Bishop Chair and Trustee Mr S J Drake Clerk, Treasurer and Trustee The noles on pages 7 to 13 lorm part of these financial statements.
Christian Science Society Sheffield statement of Cash Flows Year ended 31 December 2023 2023 2022 Cash flows from oyrating actlvltles Nel income 39,417 11.740 Changes in.- Stocks 45 159 Cash generated from operations Nel cash trom operating activities 39,462 39,462 11,899 11,899 Cash flows from Investlng actlvltles Purchase of tangible assets Proceeds from sal8 of tangible assets Purchase of investments Proceeds from sale of investments (38.3001 129,476 1120,000) 1297,7391 297,739 19.8901 N•1 c85h used in investing activities 128,824) 19,8901 Net Increas• In cash gnd cash equlvalents Cash and cash equlvalents at beglnnlng of yoar Cash and c•sh equlvalents at end of year 10,638 39,117 49,755 2,009 37,108 39,117 The note5 on pag85 7 to 13 forni part ol these flnanelal statoments.
Christian Science Society Sheffield Notes to the Financial Statements Year ended 31 December 2023 General information The charity is a public benefit enlily and a registered charity in England and Wales ané is unincorporated. The address of the principal office is 1 Sevem Road, Sheffield. S10 2SU. Statement of compllance These fin8ncial slalemenls have been prepared In compliance with FFiS 102, 'The Financi81 Reporting Standard applieable in the UK and the Republic of Ireland,, the Statement of Recommended Practi applicable to charities prepanng their accounts in 8ecord8nee with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (Charrties SORP IFRS 10211 and the Charities Act 2011. so far as they are appllcable to the charity. Accountlng pollclos 8asl$ of preparatlon The financial slalemenls have been prepared on a cash basis, 8djusled for Reading Room stock and the revaluation of inveslmenls, In accordance with applicable United Kingdom accounting $18ndards and the Charllies Act 2011. Golng concern There are no material uncertalnties about the charity's ability to continue. Judgoments and k•y •ourcos of estlmatlon uncertalnty In the opinlon of the Iruslees and managemenl, there are no areas ofjudgemenl or key sources of eslimalion uncertainly that have a significant effect on the financial sial8m8nls, other than th8 policies noted below. Fund accountlng All fund5 are unrestricted. Incornlng resources All income is included in the slalemenl of financial activities when enlillemenl has passed lo the charity, il 18 probable that the economlc benefits 8ssocialeé with the transaction will Ilow lo the charity and the amount can be reliably measured, The following specifie policies are 8pplied lo particular cal8gories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and ils amount can be meaSUTed reliably. legacy income is recognised when receipt is probable and entitlement is esL8bli5hed.
Christian Science Society Sheffield Notes to the Financial Stalements Iconlinued) Year ended 31 December 2023 Accounting pollcles (contlnued) Resources expended Expenditure is recognised on 8 e8sh basis as a liabilily is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the st8tement of financial activities to which il relates.. expenditure on charrtable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims for the benefit of its beneficiaries. irncludlng those support costs and costs relating to the govern8nc8 of the charity apportioned lo charitabl8 activities other expenditure Includes all expenditure that is neither related to raising lunds for the charity nor part of ils expenditure on charitable acllvilies. All costs ar8 allocated lo expenditLtr8 categories reflecting the use of the resource. Direct costs altn'bulable lo a Single activity are allocated directly lo that atlivily, Shared costs are 8PPOrtioned between the activities they contribute lo on a reasonable, lustlflable and consislenl basig. TJnglble a88et• All fixed assals are Inlllally recorded al cost, and subsequently slated al cost less any accumulated depreciation and impairm¢nl1088e8. No depreciallon has been provided on the Society property as the market value is In excess of CO81. Depr•elatlon Depreci8lion is calculated so as to write off the cog1 or valuation of an ass81, less ils resldu81 valuo, over the useful economic life of that asset as follows.. Sociely Property Equipment Society Fixtures and fillings Reading Room Fixtures and fittings Not depreciated 330 reéucing balance 25OA reducing balance 25V¢ reducing balance Impalrm•nt of flxed a88ets A Teview for indicators of impairment is carried out al each reporting date, with the recover8ble amount being eslimaled where such indicators exist. Vvhere the carrying value exceeds the recoverable amount, the as5el is irnpaired accordingly. stocks Stocks are measured al the lower of cost and eslimaled selling price les5 costs lo complete and sell. Cost includes all costs of purchase and other costs Incurred in bringing the stock lo its present location and condition. Flnancial instruments The charity's principal financial instruments comprise bank and building society accounts. Due lo the nature of the financial instruments there is no exposure lo price or other significant risks.
Christian Science Society Sheffield Notes to the Financial Statèments feontlnued) Year ended 31 December 2023 Voluntary income Total Funds 2023 Total Funds 2022 Donatlons Collections Donalions Haffogale closure donation 6,520 440 25.000 6.399 723 31,960 7.122 Investment Income Total Funds 2023 Total Funds 2022 Bank interest Car park income 226 19,420 19,646 68 18,720 18,788 other InGom Total Funds 2023 Total Funds 2022 Insurance cl8im receipt Other income- Bank incentive 6.316 6,318 Church exynses Total Fundi 2023 Tol81 Funds 2022 Water Light and heat Repairs and maintenanGe Insuranc¢ Independenl examination Telephone Cleaning and windows Lectures and events Promotion and advertising Computer consumables Postage, printing and sundries 518 755 9,347 2,176 780 158 2,506 289 592 2,242 3,712 750 2,505 1,000 453 566 588 16,828 12.265
Christian Science Society Sheffield Notes to the Financial Statements (conllnu•d) Year ended 31 December 2023 Readlng room expenses Total Funds 2023 Total Funds 2022 Water Light and heal Insurance Loss on Reading room sales 59 222 116 273 357 7g8 1,396 1.677 1.544 Donatlons Total Funds 2023 Total Funds 2022 Donations 362 Donations comprise.. 2023 2022 COP Gffj818rilain & Yorkshire 362 362 10, Net •xpendltur• Net expendilura is slated after charging.. 2023 2022 Depreciation of lanoible fixed assets 11,612 2.803 11. Independent examlnatlon fees 2023 2022 Fees payable to the independent examiner for.. Indepondent 8xaminalion of the financial slalements 780 750 10
Christian Science Society Sheffield Notes to the Financial Statements (¢Qnllnued) Year ended 31 December 2023 12. Staff costs There were no employees or staff costs. 13. Trustee remuneratlon and expenses The Iruslees are considered lo be key managemenl personnel. None of the Iruslees received any muneratiOn or benefits during the year. There were no re181ed party Iransaelions durlng the year12022'. None). 14. Tanglble fIX asi&t• At 1 Jan 2023 At Dlspos815 31 Dec 2023 Addltlon8 Cost Society Fr8ehold Property Reading Room Refurbishment Leasehold Property Society Fixtures & Fillings Equipment Reading Room Fixtures & Fblllngs 221.965 221,965 57.282 39.863 14.753 28,382 157,2821 38,300 78,163 14,753 128,3821 185,6641 362.245 38.300 314,881 At Charg• for 1 Jan 2023 the year At Dlsposal8 31 Dec 2023 Cost Society Freehold Property Reading Room Refurbishment Leasehold Property Society Fixtures & Fittings Equipment Reading Room Fixtures & Fillings 8,282 31,912 14,606 28,147 18,2821 11.563 49 43,475 14.655 128,1471 {36,4291 82,947 11.612 58,130 At At 31 Dee 2023 310oc 2022 Carrylng •mount Society Freehold Property Reading Room Refurbishment Leasehold Property Society Fixtures & Fillings Equipment Reading Room Fixtures & Fittings 221,965 221.965 49,000 7,951 147 235 34.688 98 256,751 279,298
Christian Science Society Sheffield Notes to the Flnan¢ial Statements (conl*nu•d) Year ended 31 December 2023 15. Stocks 2023 2022 Reading Room Stock 2,905 2,950 16. Investments 2023 2022 Investments 360,239 218,093 Investments comprise.. 2022 2022 ishares Inveslmenls Legal & General Investments V8nguard Funds Investments Investment Portfollo Cash Account 6,324 142,082 90,878 120.955 360,239 5.905 123,690 86,820 1,678 218,093 Movements during the year comprise.. 2023 Investments brought foNard Additions during the year Galns during the year 218,093 120.000 22,146 360,239 17. Cash and cash equlval•nt• 2023 2022 Monmoulhshire Building Soclely Vlrgin 8ank Current Account 15,208 23,909 49,755 49,755 39,117 18. Analys1¥ of chJrltable fundB Unre8trlcted funds Gains and At losses 31 Oec 2023 At 1 Jan 2023 Income Expenditure General Fund 539.458 57,922 118,505) 90,775 669.650 Gains and Al 108ses 31 Dec 2022 At 1 J8n 2022 Income Expenditure General Fund 556,614 25,911 114.1711 128,8961 539,458 12
Christian Science Society Sheffield Notes to tha Financial Statements fcontlnu•d) Year ended 31 December 2023 18. Analysls of charltable funds (Gontlmigd) Other gains and losses comprise.. 2023 2022 Net gain on disposal of tangible fixed 89sel$ Gaillslllossesl on investments Depreclalion 80,241 22,146 (11,6121 90,775 126,0931 12,8031 {28,8961 19. Analys18 of net assets betw••n fund8 Total Funds Total Funds unre8trlcted unreslricled 2023 2022 Tangible fixed assets Current ass8ls 256,751 412,899 279.298 260,160 Net assets 669.650 539,458 20. Anaty•l• of chang•i In net cash and Inve8tm8nts Al At 1 Jan 2023 Cash flows 31 Dec 2023 Cash al bank and in hand Current asset investments 39.117 218,093 10,638 142,146 152,784 49,755 360,239 409,994 257,210 13