CHARI REGISTRATION NUMBER: 241014 Christian Science Society Sheffield Unaudited Financial Statements 31 December 2024 HEBBLETHWAITES Chartered Accountants 2 Westbrook Court Sharrow Vale Road Sheffield S118YZ
Christian Science Society Sheffield Flnancial Statements Y•ar ended 31 Decambar 2024 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
Chrlstian Science Society Sheffield Trustees. Annual Report Year •ndod 31 December 2024 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2024. Reference and administrativ• details Reglsterod ¢harlty namg Christian Science Society Sheffield Charity reglstration number 241014 Princlpal office 1 Severn Road Sheffield S10 2SU The truAtea8 Mrs H Blshop {Ch8irl Mr S J Drake {Clerk & Treasurer) Mr R Morrell Independ8nt •xamlnor Andrew Throssell FCA Hebbl8lhwaile 2 Westbrook Court Sharrow Vale Road Sheffield S118YZ Structure, gov•rnan¢¢ and managemont Governlng document The charity was orlginally formed as a Church in 1909 as the First Church of Christ, Scientist. Sheffield. 11 was registered with the Charity Commission in 1965 under a declaration of Trust made on 28 September 1960. Under revl$ed 8y-Laws dated 4 March 2019 the charity changed lo the Chris118n Sclence Society Sheffield. The Society 13 a branch of The Mother Church, The First Church of Christ, Sclenlisl, in Boslon, Massachusetls and its affairs are verned in accordance with the Manu81 of The Mother Church and its own By-laws. The demands of the Manual of The Mother Church on 8 Society are less slringenl than those on a Church and compliance is simpler for our small and ageing membershSp. Governlng body The Execullve Board are the Trustees of the Society and are responsible for its running. The Executive Board are elected annually in accordance with the Society By-laws. They take up office for one year commencing al the commencement of the Society Year in May.
Christian Science Society Sheffield Trustses. Annual Report (conunued) Year ended 31 December 2024 Objoctives and activitias The object of the charity is to demonstrate and publicly present the Truth as sel forth in the Bible and inlerpreled in the Christian Science text book. The main activity of the Society is holding all services and meetings aulhorised by the Manual of The Mother Church, and the activity of the Reading Room is the provision of public facilities for study, loan and purchase of Christian Science literature and access to Christian Science websites. In planning the activities for the year the Trustees have complied with the Charity Comniission's general guIdar8 on public benefit. and in particular the specific guldance on charities for the advancement of religion. Achlevement8 and performance- Chalmian's statemènt The ongoing operation of the Society Gonlinues as provided for In the Manual of The Mother Church and In our By-Laws, 50 far as personnel resourG8s allow. Live, in person, Services have been held ontinuously throughout the year. We continue lo support our members and friends as best we can with regular communications by emall, text and snail rnail. Our member5 meetings continue to be conducted remotely by emall and snail mail. Our consolida18d premises in Severn Road have allowed us lo start lo reach out lo those from the surrounding offices and hospitals, who use our entrance steps for lunch breaks. The presence of the Reading Room stock In the Foyer of church means Ihal we have made sorne sa18s of stock. We continu8 lo make the Christian Science Sentinel and Journal available as well as the CS Monitor weekly magazine. We are 8cllvely working and praying for more members to enable us to make belter use of our abundant financial resources. The propety of the Soclety 1$ vested In the Official Custodian. Flnanclal revlow The Statement of Financial Activities for the year is sel out on page 4. The free reserves of the char at 31 December 2024, excluding property assets. amounted lo £517,121 12023 £412,899) and these a inv8$t8d lo provide an Sncome to meet the ongolng running costs of the Society. Grants and donations out of the assets of the charlty are Shown in note g to the financial slalement5. Plan$ for futuro p•riod¥ The Trustees will conlinue to maintain and make Improvements lo the premises and the Soclety plans to ¢onllnue ils aclivilies as described 8bove. The trustees, annual report Was approved on 3Fd August 2025 and slgned on behalf of the board of trustees by.. Mrs H Bishop Chair and Trustee
Christian Science Society Sheffield Independent Examinerfs Report to the Trustees of the Christian Science Society Sheffield Year endod 31 December 2024 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 2024. RosponsSbllltlv and bas18 of roport As the trustees of the charity you are responsible for the preparation of the financial stslemenls in accordance with the requirements of the Charities Act 2011 I'the Acl'}. I report in re8pecl of my examination of the ¢harlWs financlal statements ¢arrl8d out under section 145 of the 2011 Act and in carrying out my examination I have followed all the appllcable Oireclions glve by the Charity Commisslon under section 145{5)Ibl of the Act. Independent examln•r'8 Stat•m•nt I have completed my examination. I confirm that no malefial matters have come lo my allenlion I conneollon with the examinatlon giving me cause lo be&ve that in any material respect.. accounting records were not kept In respect of the charlty as requlred by section 130 of the AGt'. or the financial slalements do not accord with those records., or the financial slalemenls do not comply wllh the appllcable requSrements concernlng the form and ¢onlenl of accounts sel out In the Chari1Ses (Accounts and Reports) Regulalions 2008 other than any requirement that the accounts give a 'lruts and fair, view whlch is not a maller considered as part of an independent examinallon. I h8ve no concerns and have come a¢ros$ no other mallers in connection with the examination lo which allenlion should be drawn in Ihls report in order lo enable a proper understanding of the accounts to be reached. Andrew Throssell FCA Independonl Examlner H8bblelhwaile8 2 Westbrook Court Sharrow Vale Road Sheffield S118YZ 7 August 2025
Christian Science Society Sheffield Statement of Flnanclal Activitios Year ended 31 December 2024 2024 2023 Total Total UnrestriGtod unreslricled funds funds Incorne Voluntary income Investment income Other income 57,211 18,720 31.960 19,646 6,318 57,922 Total Income 75,931 Expendltur? Expenses Church expenses Readlng Room 8xpen8es Donallons 11,706 672 250 16,828 1,677 Total exndIture 12,628 18,505 Not Incom• 83,303 39,417 Other r¢cognl$od galns and1088es Gainsl{los$esl on inveslmenls, disposal of tangible fixed assets and depreciatio Net movom•nt In funds 33,881 96,984 90,775 130,192 R•conclllatlon of fund8 Total fund8 brought forward Tot•1 lund8 carrled forward 669.650 539,458 786,634 669,650 The statement of flnanclal actlvllles indudes 811 galn8 and losses recognl$ed In the year. Al income and expenditure derlve from conllnulng aclivilies. Th• notej on pages 7 to 13 form part of th8 financial statgmgnts.
Christian Science Society Sheffield Statement of Financial Position 31 December 2024 2024 2023 Not• Fixed assets Tangible fixed assets 14 249,513 256.751 Current a•sets Stocks Inveslmenlg Cash 81 bank and In hand 15 16 17 2,816 478,114 36,191 517,121 517,121 2,905 36D,239 49.755 412,899 Not curr•nt a88•ts 412.899 Total as¥ets1gs¥ curront liabllltl•8 766,634 869,650 Fund8 of the charlty Unreslricled funds 766,834 766,034 669,650 Total charlty fund• 669,650 These financlal slalemenls were approved by the board of Irusleos and aulhori58d for issue on 5th Augug12025 and are Signed on behalf of the board by.. Mrs H Bishop Chalr and Trustee Mr S J Drake Clerk, Treasurer and Trustee The notes on pag 7 to 13 farni part of th8 financial •tatemgnts.
Christian Science Society Sheffield statement of Cash Flows Year ended 31 December 2024 2024 2023 Cash flows from operating activiti•s Nel income 63.303 39.417 Changes in." Stocks 89 45 Cash generated from operations Nel cash from operating acllvSlkgS 63.392 39,462 63.392 39.462 Cash Ilows from Invostlng actlvltl Purchase of tangible assets Proceeds from sale of tangible assets Purchase of investments {1.956) (38.300) 129,476 175.0001 {120,000) {76,9561 (28.824) Nel cash used in Invesllng aclivilles N•t (d•cr•aoelllncroaso In cash and cash •qulvalent• Cash and cash equlvalont• at beglnnSng of yoar CaBh and cash oqulvalent• at end of yeor 113.5641 49.755 10,638 39.117 36,191 49,755 Th• notots on pag•s 7 to 13 form part oftho$• finan¢lal $tatsments.
Christian Science Society Sheffield Notas to the Financial Statements Year ended 31 December 2024 General infomiation The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 1 Severn Road, Sheffield. S10 2SU. Statement of complianco These flnanclal statements have been prepared in compliance with FRS 102. The Financial Reporting Standard applicable in the UK and the Republic of Ireland., the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applitable in the UK and Republic of Ir&land {FRS 1021 {Charilie5 SORP IFRS 10211 and the Charities Act 2011, so far as they are applicable lo the charity. Accountlng poll¢le8 Ba858 of proparatlon The financial slalemenls have been prepareé on a cash ba$i$, adjusted for Reading Room stock and the r8valuallon of investment8. In accordance wllh applicable Unlled Kingdom accounting Standards and the Charilles Act 2011. Golng ¢oncorn There are no malerlal uncertainlles about the charity's abllity lo Continue. Judgements and k•y Sources of e8tlmatlon unc•rtalnty In the opinion of the Iruslee5 and management, there are no areas of judgement or key sources of e51imalion uncertainty that have a significant effect on the financial stalem8nl8, other than the policies noted below. Fund aGGountlng All fvnds are unreslrlcted. In¢omlng resource8 All income is included In the slalemenl of financial acllvilies when entillemenl has passed to the charity, it is probable that the economic benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The followlng specrflc policles are applied to particular categories of Income.. Income from donations or grants is recognised when there is evidence of enlillement lo the grft, receipt Is probable and Ils amount can be measured reliobty- legacy income is récognlsed when receipt 1$ probable and entidemenl Is established.
Christian Science Society Sheffield Notes to th• Financial Statements (contlnued) Year ended 31 December 2024 Accounting policies (contlnu8d) R•sources expended Expenditure is recognised on a cash basis a5 a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is dassified under headings of the statement of flnancial activities lo which it rèlates.. expenditure on charitab18 activille8 includes all costs Incurred by a charity in undertaking activities that further its charitable aimg for the benefll of its beneficiaries. including those support costs and costs relating lo the governance of the charity apwrtioned lo charitable activit8 other 6xpendilure incluées all expenditure that Is ne51her related to raising funds for the charity nor part of ils expenditure on charitable aclivS1+88. All costs are allocated lo expenditure categories refle¢ling the use of the resource. DiTrct costs allribulable lo a single activity are allocaleé éireGtly lo that aclivily. Shared costs are apportioned beeen the a¢livilies they contribute lo on a reasonable, lusliflable and consislenl basis. Tanglble a88ot8 All fixed £ss8ls are initially recorded al cost, and subsequ6nlly staled at cosl18ss any accumulated depreciallon and impairmenl10sses. No depreclatlon has been provided on the Soclety properly as the market value 18 In exc6ss of cost. Deproclatlon Depreciatlon is calculated so as lo wrlie off the cost or valuallon of an ass81. less Ils residual value, over the useful econom1¢ life of that asset as follows.. Soclely Propety Equlpmenl Soclety Fixtures and flttlng$ Not depreciated 33Vo reducing balance 25Vo reducing balance Impalrment of flx•d as$ot8 A review for indicator5 Of impairment Is carried out al each reportlng date, with the reVerable amount being eslimaled where such indicators exist. Where the Carrylng value exceeds Ihe recoverable amount, the asset is impaired accordingly. stocks Stocks are moasured al the lower of cost and eslimaled selling prfce less costs lo complete and sell. Cost includes all costs of purchase and other costs incurred in bringing the stock to its present location and condlllon. Flnanclal Instrumgnt• The charity's principal financ1 Instruments comprise bank and building society accounts. Due to the nature of the financial Instruments there is no exposure to price or other signtNcanl rlsks.
Christian Science Society Sheffield Notes to the Financial Statements (¢onlthugd) Year ended 31 December 2024 Voluntary income Total Funds 2024 Total Funds 2023 Donatlons Collections Donations Kelghley closure donation WakefO1d dosure donation Harrogate closure donation 6,041 651 30.000 20,000 6,520 440 25,000 Legacles Legacy 519 57.211 31,960 Inv•stm•nt incom• Total Fund8 2024 Totsl Funds 2023 Bank interest Car park income 226 19,420 18,720 18,720 19,646 Othor Incom• Total Fund• 2024 Total Funds 2023 Insurance claim receipt 8,316 Church expen809 Total Fund8 2024 Total Funds 2023 Water Llght and heal Repairs and maintènance Insurance Independent examlnallon Telephone Cleanlng and windows Promotion and advertising Computer consumables 421 1,297 2,910 2.125 810 137 3,011 337 518 755 9,347 2.178 780 158 2,506 588 11,706 16.828
Christian Science Society Sheffield Notas to the Financial Statements (Coftllnved) Year ended 31 December 2024 Roadlng roorn oxpgnsos Total Funds 2024 Total Funds 2023 Water Light and heat Loss on Reading room sales 222 1,396 1,677 672 672 Donatlon8 Total Fund• 2024 Total Funds 2023 Donations 250 Donations comprise.. 2024 2023 COP Yorkshire 250 10. N•t oxpendltur• Nel expenditure is slated after charglng: 2024 2023 D8preclalion of tanglble fixed a8se15 9,194 11,612 11. Ind•pendont examlnatlon f•48 2024 2023 Fees payable lo the independent examiner for.. Independent examlnalion of the financlal statemen15 810 780 10.
Christian Science Society Sheffield Notes to the Financial Statements (conllnued) Year ended 31 December 2024 12. Staff costs There were no employees or staff costs. 13. Tru81ee remuneratlon and exp•ns•s The Iruslees are ¢onsSdered lo be key management personnel. None of the Iruslees received any remuneration or benefits during the year. There were no related party transactions during the year12023.. None)- 14. Tanglbl• flxod assots Society Freehold Property Society Fixtures & Flllings Equlpmenl Total Cost Al 1 January 2024 Addillon8 221,965 78.163 1,956 80.119 14,753 314,881 1,956 316.837 At 31 December 2024 221,965 14,753 Depr•clatSon At 1 January 2024 Charge for the year At 31 Docomber 2024 43,475 9,161 52.636 14,655 33 58,130 9,194 14,688 67.324 Carrylng amount At 31 Do¢ombgr 2024 221,965 221,965 27,483 65 249,513 Al 31 December 2023 34,688 98 256,751 11
Christian Science Society Sheffield Notes to the Financial Statements (¢oTrtinIdp Year ended 31 December 2024 15. StoGks 2024 2023 Reading Room Stock 2,816 2.905 16. Investments 2024 2023 Investments 478,114 360,239 Investments comprlse.. 2024 2023 Ishares Investments Legal & General Investments Vanguard Funds Investments Investment Portfolio Cash Account 11,937 294,483 167,650 6.324 142.082 90.878 120,955 360,239 478,114 Movements during the year compr188'. Investments broughl forward Additions during Ihe year Galns during the year 360,239 75,01)0 42,875 478,114 17. Cash and ca8h •qulvalgnt• 2024 2023 Virgin Bank Current Account 36,191 49,755 18. An•lysl8 of charltabl• fund• Unr•strl¢ted funds Gain¥ and At losses 31 D•c 2024 At 1 Jan 2024 Income Exwndlture General Fund 669.650 75,931 {12,628) 33,681 766,634 Gains and losses 310ec 2023 Al 1 Jan 2023 Income Expenditure General Fund 539,458 57,922 {18.505) 90,775 669,650 12-
Christian Science Society Sheffield Notes to the Flnanclal Stat•monts f¢ominu¢d) Year ended 31 December 2024 18. Analysis of charitable fund8 (conIlnuj Other gains and losses comprise.. 2024 2023 Nel gain on disposal of tangible fixed assets Gains on investmen15 Depreciation 80.241 22.146 111.6121 90,775 42,875 19.194) 33,681 19. Analys18 of net a88et• betw•8n funds Total Fund8 Total Funds unre•trlct•d unrestricted 2024 2023 Tangible fixed a$$¢ts Current assets 249,513 517,121 786.634 256,751 412,899 669,650 N•t as8et8 20. Analys18 of chang08 In not cash and Inve8trnent8 Al Al 1 Jan 2024 Cash flows 31 Dec 2024 Cash al bank and In hand Current asset investments 49,755 360,239 409,994 113,5841 117,875 36,191 478,114 104,311 514,305 13-