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THE AID FUND FOR CHRISTIAN SCIENTISTS IN NEED OF NURSING CARE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2025
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THE AID FUND FOR CHRISTIAN SCIENTISTS IN NEED OF NURSING CARE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH APRIL 2025
The Trustees present their report and the financial statements for the year ended 30[th] April 2025.
REFERENCE AND ADMINISTRATIVE INFORMATION
The Aid Fund for Christian Scientists in Need of Nursing Care is also known for short as The Aid Fund.
REGISTERED CHARITY NO. EGISTERED CHARITY NO. CHARITY NO. HARITY NO. NO. O. .
REGISTERED CHARITY NO. EGISTERED CHARITY NO. CHARITY NO. HARITY NO. NO. O. . 277849 PRINCIPAL ADDRESS PO Box 98 Cockermouth Cumbria CA13 3BL
TRUSTEES
The Trustees who served during the year and subsequently were:-
Mrs W. Carter Mrs A. Glynn Mr E. de Leon (resigned 7[th] March 2025) Mrs V. Malley Mrs P. Rigby (appointed 23[rd] December 2024) Mr J.F. Wilson (resigned 7[th] November 2025)
SECRETARY
Ms A. Bound arranges the implementation of the decisions of the Trustees, handles incoming and outgoing correspondence and manages the bank accounts.
PROFESSIONAL ADVISORS
Bankers CAF Bank Ltd. Charities Aid Foundation Kings Hill West Malling Kent ME19 4TA Auditors FLB Audit LLP 1010 Eskdale Road Winnersh Triangle Wokingham Berkshire RG41 5TS Independent Accountant DHL Accountancy Services Ltd Chartered Accountants 30 Willowbank Gardens Tadworth Surrey KT20 5DS Investment Advisors W1M (previously Waverton Investment Management) 16 Babmaes Street St James's London SW1Y 6AH
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THE AID FUND FOR CHRISTIAN SCIENTISTS IN NEED OF NURSING CARE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH APRIL 2025
(continued)
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Aid Fund is governed by a Trust Deed dated 5[th] April 1979 which was amended by a scheme dated 27[th] May 1999 and further amended by a resolutions dated 18[th] August 2011 and 21[st] April 2022. The Trust Deed sets out the objects of the Aid Fund and the way it is to operate. Existing Trustees elect replacement Trustees as necessary, sourcing likely candidates from Branch Churches and Societies, seeking people with suitable skills and trying to maintain a broad spectrum of views and experience. New Trustees are provided with a copy of the Trust Deed as amended, copies of recent minutes and other documents which might be helpful. At the first meeting attended by a new Trustee, there is an opportunity to ask questions about the Aid Fund's activities and a general briefing is provided. Charity Commission newsletters are available to all Trustees and the Secretary provides briefings from time to time on the responsibilities of Trustees as well as arranging for external training courses.
The Aid Fund does not have any employees and all decisions are taken by the Trustees.
The Trust Deed permits the spending of both income and capital and is broad in defining objects. The Trustees seek professional advice if there is any doubt on the objects. The Trust Deed authorises the Trustees to make and hold investments using the funds of the charity. The investment managers manage on a discretionary basis and are given investment guidelines from time to time, within which they may exercise discretion.
RISK MANAGEMENT
The Trustees have examined the major operational risks which the charity faces and confirm that systems have been put into place to mitigate those risks.
POLICIES
The Aid Fund has the following policies, which are reviewed periodically:
Levels of Maximum Assistance
Conflict and Declaration of Interests
Investments Trustees' Expenses Risk Management Safeguarding Data Protection
OBJECTS AND ACTIVITIES
The Trust Deed states that The Aid Fund was established to: 'hold the capital and income of the Trust Fund on trust to apply such capital and income for the following purposes this is to say for the relief, in the form of Christian Science Nursing, of sickness amongst persons who are relying for healing entirely upon the religion of Christian Science as taught by Mary Baker Eddy in the Christian Science textbook 'Science and Health with Key to the Scriptures' and for the purpose of providing financial assistance for any such person who is in need of Christian Science Nursing Care and who is unable to meet the full cost of such Christian Science Nursing Care without undue hardship as determined in the absolute discretion of the Trustees.' A fuller definition of 'Nursing Care' can be found in the Trust Deed.
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THE AID FUND FOR CHRISTIAN SCIENTISTS IN NEED OF NURSING CARE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30TH APRIL 2025
(continued)
OBJECTS AND ACTIVITIES (continued)
During 2024 and 2025 meetings were held both electronically and in person as best suited trustees and the needs of the charity.
'The B Fund' benefits Christian Science Houses by assisting with the cost of buildings and maintenance and the purchase of equipment.
GRANT MAKING POLICY
Claims are usually made on behalf of individual Christian Scientists by the Christian Science Houses and the Visiting Christian Science Nurse Services. Claims for the cost of private duty Christian Science nursing are made by the individual or their representative. The financial need is assessed by the Christian Science House, the Visiting Christian Science Nurse Service or the Trustees of The Aid Fund, as appropriate. Specific grants are then applied for via the grant form and paid by The Aid Fund. The costs incurred are confirmed by the Christian Science House, Visiting Christian Science Nurse Service or the private duty Christian Science Nurse. The Aid Fund contributes to the cost according to a tariff that aims to balance the resources of the Fund with the demand for grants.
Annual visits are usually made to the Christian Science Houses and the Visiting Christian Science Nurse Services by the Secretary and one Trustee for the purposes of auditing their grant application records and discussing the needs of those receiving Christian Science nursing care. Audits were last carried out in March and April 2025.
ACHIEVEMENTS AND PERFORMANCE
During the current fiscal year, the Aid Fund made grants towards the costs of Christian Science nursing patients of £501,020 (2024 - £435,609). The majority of the grants made are through the sole Christian Science House and sole Visiting Christian Science Nurse Service in the UK. With work being carried out to expand the Visiting Christian Science Nurse Service in the UK grants to this service have increased in the last year indicating the fund has been able to meet the needs of those relying on Christian Science more widely.
The removal of the means test in April 2022 making grants available to all Christian Scientists in need of Christian Science nursing care regardless of their financial circumstances, has also been beneficial enabling individuals to engage a Christian Science nurse at the point of need without concern about the cost.
The Aid Fund publicises its activities amongst Branch Churches and Societies, to ensure potential recipients of grants are aware of the potential to make a claim. The Christian Science Houses, Visiting Christian Science Nurse Services, Private Duty Christian Science Nurses and Christian Science Practitioners are also aware of The Aid Fund in instances where patients may need to make a claim.
The Trustees are happy with the success of the continued grant making activity.
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THE AID FUND FOR CHRISTIAN SCIENTISTS IN NEED OF NURSING CARE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH APRIL 2025
(continued)
FINANCIAL REVIEW
Income from annual gifts and donations amounted to £92,065 (2024 - £736,407) for the year. 84% (2024 - 97%) of this income came from non-repeat donations, defined in the financial statements as 'Legacies received' and 'Gifts from disbanding Churches'. Investment income was £119,673 (2024 - £115,547).
There was a deficit for the year on the General Fund of £409,814 (2024 – surplus of £299,768) before investment changes. The prior year surplus was larger than expected due to a substantial legacy in the previous year.
The value of the investment portfolio this year increased by 3.6% after taking into account re-invested income and portfolio expenses but not the £400,000 drawn from the portfolio.
The charity has total reserves of £5,401,717 (2024 - £5,691,543) of which £494,052 (2024 - £477,700) are restricted.
RISK
The Aid Fund's cash reserves and funding are very healthy and it is able to continue operating on normal lines with grant claims continuing to be reviewed, processed and paid when approved. On an ongoing basis, the major risk to The Aid Fund is the exposure to market risk of the investments, but given the general financial situation and the size of the portfolio, the Trustees do not consider this a major risk to their ability to continue operations as normal.
INVESTMENT POLICY
The Aid Fund seeks to produce the best financial return within an acceptable level of risk. The investment objective is to outperform the Consumer Price Index (CPI) by 3.5% per annum. This should allow The Aid Fund to at least maintain the real value of the assets, whilst funding annual expenditure.
RESERVES POLICY
The Trustees' aim is to increase the Aid Fund's reserves to a level whereby grants paid out would be met out of income from investments and regular donations.
PLANS FOR THE FUTURE
The Trustees will continue to encourage the recruitment, training and ongoing development of private duty Christian Science Nurses, and actively seek ways to support the activities of Christian Science Nursing in the UK to ensure that sufficient qualified Christian Science Nurses will be available to meet the need for Christian Science Nursing.
As there is currently only one Christian Science House (as defined by our Trust Deed) and one Visiting Christian Science Nurse Service in the UK, whose patients can apply for assistance from The Aid Fund, Trustees are considering other ways that The Aid Fund may be able to support Christian Science nursing in the UK. On occasion, when a patient’s need is not able to be met at the Christian Science House in the UK, funding has been provided for that UK resident to receive Christian Science nursing at a Christian Science House in Europe.
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THE AID FUND FOR CHRISTIAN SCIENTISTS IN NEED OF NURSING CARE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH APRIL 2025
(continued)
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgments and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
PUBLIC BENEFIT REQUIREMENT
The Trustees have complied with the duty in Section 17(5) of the Charities Act 2011 to have due regard to guidance published by the Charity Commission concerning the public benefit requirement.
APPROVAL
27 February 2026 | 08:51 GMT The Report of the Trustees was approved by the Board of Trustees on and signed on its behalf by:-
Mrs V Malley Trustee
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INDEPENDENT AUDITORS' REPORT
TO THE TRUSTEES OF
THE AID FUND FOR CHRISTIAN SCIENTISTS IN NEED OF NURSING CARE
OPINION
We have audited the financial statements of The Aid Fund for Christian Scientists in Need of Nursing Care for the year ended 30[th] April 2025 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charity's affairs as at 30[th] April 2025 and of its income and expenditure for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
-
have been prepared in accordance with the requirements of the Charities Act 2011.
BASIS FOR OPINION
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the respective responsibilities of the Trustees and auditor section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical 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 CONCERN
In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
OTHER INFORMATION
The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
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INDEPENDENT AUDITORS' REPORT
TO THE TRUSTEES OF
THE AID FUND FOR CHRISTIAN SCIENTISTS IN NEED OF NURSING CARE (continued)
OTHER INFORMATION (continued)
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion:
-
the information given in the financial statements is inconsistent in any material respect with the trustees’ report; or
-
sufficient accounting records have not been kept; or
-
the financial statements are not in agreement with the accounting records and returns; or
-
we have not obtained all the information and explanations necessary for the purposes of our audit.
RESPONSIBILITIES OF THE TRUSTEES
As explained more fully in the Trustees' responsibilities statement set out on page 5, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, 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 to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
OUR RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.
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INDEPENDENT AUDITORS' REPORT
TO THE TRUSTEES OF
THE AID FUND FOR CHRISTIAN SCIENTISTS IN NEED OF NURSING CARE (continued)
OUR RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS (continued)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit.
We have gained an understanding of the legal and regulatory framework applicable to the charity and the industry in which it operates and considered the risk of acts by the charity that were contrary to applicable laws and regulations, including fraud. We designed audit procedures at charity levels to respond to the risk, recognising that risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. We focused on laws and regulations that could give rise to a material misstatement in the financial statements, including, but not limited to, the Charities Act 2011, taxation legislation, data protection, anti-bribery and health and safety legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, inquiries with management, review of legal and professional expenditure, inspection of regulatory and legal correspondence, if any, and review of minutes of meetings of those charged with governance.
We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within the override of controls by management. Our audit procedures to respond to the risk of management override included inquiries of management, their own identification and assessment of the risks of irregularities, testing on the posting of journals, reviewing accounting estimates for biases, and reading minutes of meetings of those charged with governance.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance and misstatement resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions, collusion or the provision of intentional misrepresentations. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to inquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
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INDEPENDENT AUDITORS' REPORT
TO THE TRUSTEES OF
THE AID FUND FOR CHRISTIAN SCIENTISTS IN NEED OF NURSING CARE (continued)
OUR RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS (continued)
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
USE OF REPORT
This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Daniel Wesolowski (Senior Statutory Auditor) For and on behalf of FLB Audit LLP Statutory Auditor 1010 Eskdale Road Winnersh Triangle Wokingham Berkshire RG41 5TS
27 February 2026 | 09:43 GMT Date:
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THE AID FUND FOR CHRISTIAN SCIENTISTS IN NEED OF NURSING CARE
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30TH APRIL 2025
| Unrestricted Notes Funds £ INCOME AND ENDOWMENTS FROM Donations and legacies Donations: Branches, churches, societies and student associations 5,554 Gifts from individuals and private trusts 7,852 Gift aid donations 878 14,284 Gifts from disbanding churches 25,250 Legacies receivable 52,531 92,065 Investments 3 109,488 TOTAL INCOME 201,553 EXPENDITURE ON Raising funds Investment advisors' fees 35,037 Charitable activities 4 576,330 TOTAL EXPENDITURE 611,367 NET INCOME (EXPENDITURE) ( 409,814) Investment gains (losses) 103,636 NET MOVEMENT IN FUNDS ( 306,178) Fund balance brought forward 5,213,843 FUND BALANCE CARRIED FORWARD 4,907,665 ======= |
Restricted Funds (Note 8) £ - - - - - - - 10,185 10,185 3,283 - 3,283 6,902 9,450 16,352 477,700 494,052 ====== |
Total Funds 2025 £ 5,554 7,852 878 14,284 25,250 52,531 92,065 119,673 211,738 38,320 576,330 614,650 ( 402,912) 113,086 ( 289,826) 5,691,543 5,401,717 ======= |
Total Funds 2024 £ 5,722 11,788 1,450 |
|
|---|---|---|---|---|
18,960 40,000 677,447 |
||||
736,407 |
||||
115,547 |
||||
851,954 |
||||
35,616 541,300 |
||||
576,916 |
||||
275,038 707,345 |
||||
982,383 4,709,160 |
||||
5,691,543 ======= |
The notes on pages 13 to 19 form part of the financial statements.
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THE AID FUND FOR CHRISTIAN SCIENTISTS IN NEED OF NURSING CARE
STATEMENT OF FINANCIAL POSITION
30TH APRIL 2025
| FIXED ASSETS Investments CURRENT ASSETS Debtors Cash at bank and in hand CREDITORS:amounts falling due within one year NET CURRENT ASSETS NET ASSETS ACCUMULATED FUNDS Unrestricted Restricted |
Notes 7 8 9 10 10 |
2025 £ £ 5,165,583 5,603 323,826 329,429 93,295 236,134 5,401,717 ======= 4,907,665 494,052 5,401,717 ======= |
2024 | 2024 |
|---|---|---|---|---|
| £ 5,603 323,826 329,429 93,295 |
£ 8,336 404,738 413,074 94,685 |
£ 5,373,154 318,389 5,691,543 ======= 5,213,843 477,700 5,691,543 ======= |
27 February 2026 | 08:51 GMT
The financial statements were approved by the Board of Trustees on and signed on their behalf by:-
Mrs V Malley Trustee
Registered Charity No. 277849
The notes on pages 13 to 19 form part of the financial statements.
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THE AID FUND FOR CHRISTIAN SCIENTISTS IN NEED OF NURSING CARE
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30TH APRIL 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net Income (Expenditure) | (402,912) | 275,038 |
| Adjust for: | ||
| Investment income | (119,673) | (115,547) |
| Investment advisors' fees | 38,320 | 35,616 |
| Changes in: | ||
| (Increase) decrease in debtors | ( 2,409) | ( 305) |
| Increase (decrease) in creditors | ( 940) | 44,100 |
| Bank interest receivable | 6,702 | 4,641 |
| Net cash flow from operating activities | (480,912) | 243,543 |
| ====== | ====== | |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Cash drawn from investment portfolio | 400,000 | - |
| Cash added to investment portfolio | ( - ) | (300,000) |
| Net cash flow from investing activities | 400,000 | (300,000) |
| ====== | ====== | |
| Net increase in cash and cash equivalents | ( 80,912) | ( 56,457) |
| Cash and cash equivalent brought forward | 404,738 | 461,195 |
| Cash and cash equivalent carried forward | 323,826 | 404,738 |
| ====== | ====== |
The notes on pages 13 to 19 form part of the financial statements.
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THE AID FUND FOR CHRISTIAN SCIENTISTS IN NEED OF NURSING CARE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2025
1. GENERAL INFORMATION
The Aid Fund for Christian Scientists in Need of Nursing Care is an unincorporated charity and is registered with the Charity Commission for England and Wales. The registered address of the charity is PO Box 98, Cockermouth, Cumbria, CA13 3BL
2. ACCOUNTING POLICIES
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
Basis of preparation
The financial statements have been prepared have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the second edition of the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 - (Charities SORP (FRS 102)) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The Charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note to these financial statements.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Preparation of the financial statements on a going concern basis
The Trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. There are no material uncertainties affecting the current year’s financial statements.
In future years, the key risks to the Charities are a fall in income from donations or investment income but the trustee has arrangements in place to mitigate those risks.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
It is the opinion of the trustees that due to the nature of the entity there are no assumptions or judgements that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
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THE AID FUND FOR CHRISTIAN SCIENTISTS IN NEED OF NURSING CARE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2025
(continued)
1. ACCOUNTING POLICIES (continued)
Fund structure
Unrestricted general funds are available to be used in accordance with the charitable objects at the discretion of the Trustees. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be used solely for particular purposes.
Income recognition
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Donations and legacies receivable for the general purposes of the charity are credited to ‘unrestricted funds’. Donations and legacies for purposes restricted by the wishes of the donor are taken to ‘restricted funds’.
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable. Dividends are recognised once the dividend has been declared and notification has been received of the dividends due. This is normally upon notification by our investment advisor of the dividend yield of the portfolio.
Expenditure recognition
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably.
Expenditure on charitable activities includes grants made, governance costs and support costs as shown in note 4.
Grants payable are payments made to third parties in the furtherance of the charitable objects of the Trust. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation that they will receive the one-year or multi-year grant. Grants awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled condition attaching to that grant is outside of the control of the Trust.
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THE AID FUND FOR CHRISTIAN SCIENTISTS IN NEED OF NURSING CARE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2025
(continued)
1. ACCOUNTING POLICIES (continued)
Fixed asset investments
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the statement of financial position date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.
The Charity does not acquire put options, derivatives or other complex financial instruments.
The main form of financial risk faced by the Charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors.
Realised gains and losses
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.
Debtors
Debtors are amounts owed to the charity. They are measured on the basis of their recoverable amount.
Cash and cash equivalents
Cash at bank and in hand is held to meet the day to day running costs of the charity as they fall due.
Creditors
Creditors are amounts owed by the charity. They are measured at the amount that the charity expects to have to pay to settle the debt.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Docusign Envelope ID: EA1DF891-CB63-4FF8-9A8F-5B07CA5EAD41
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THE AID FUND FOR CHRISTIAN SCIENTISTS IN NEED OF NURSING CARE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2025
(continued)
3. INVESTMENT INCOME
| Bank interest receivable Income from managed funds 4. CHARITABLE ACTIVITIES |
2025 £ 6,702 112,971 119,673 ====== |
2024 £ 4,641 110,906 |
|---|---|---|
115,547 ===== |
| General Restricted Fund Funds £ £ Grants to Individuals Grants to patients receiving nursing care from: Mountlands Trust (Lime Tree House) 278,419 - Le Verger 40,665 - Visiting Nurse Service 121,948 - Private Duty Nursing 59,988 - 501,020 - ====== ===== Grants to Organisations Mountlands Trust (Lime Tree House) - - Christian Science Nurses Association 30,000 - 30,000 - ====== ===== Support costs Secretary's fees 22,274 - Professional fees 7,400 - Travelling and meeting expenses 3,914 - Printing, post & stationery 437 - Computer expenses 910 - Sundry expenses 60 - Insurance 200 - Bank charges 135 - 35,330 - ===== ===== Governance costs Auditor's remuneration - for audit services 9,980 - ==== ===== Total Charitable Activities 576,330 - ====== ===== |
General Restricted Fund Funds £ £ Grants to Individuals Grants to patients receiving nursing care from: Mountlands Trust (Lime Tree House) 278,419 - Le Verger 40,665 - Visiting Nurse Service 121,948 - Private Duty Nursing 59,988 - 501,020 - ====== ===== Grants to Organisations Mountlands Trust (Lime Tree House) - - Christian Science Nurses Association 30,000 - 30,000 - ====== ===== Support costs Secretary's fees 22,274 - Professional fees 7,400 - Travelling and meeting expenses 3,914 - Printing, post & stationery 437 - Computer expenses 910 - Sundry expenses 60 - Insurance 200 - Bank charges 135 - 35,330 - ===== ===== Governance costs Auditor's remuneration - for audit services 9,980 - ==== ===== Total Charitable Activities 576,330 - ====== ===== |
General Restricted Fund Funds £ £ Grants to Individuals Grants to patients receiving nursing care from: Mountlands Trust (Lime Tree House) 278,419 - Le Verger 40,665 - Visiting Nurse Service 121,948 - Private Duty Nursing 59,988 - 501,020 - ====== ===== Grants to Organisations Mountlands Trust (Lime Tree House) - - Christian Science Nurses Association 30,000 - 30,000 - ====== ===== Support costs Secretary's fees 22,274 - Professional fees 7,400 - Travelling and meeting expenses 3,914 - Printing, post & stationery 437 - Computer expenses 910 - Sundry expenses 60 - Insurance 200 - Bank charges 135 - 35,330 - ===== ===== Governance costs Auditor's remuneration - for audit services 9,980 - ==== ===== Total Charitable Activities 576,330 - ====== ===== |
TOTAL 2025 £ 278,419 40,665 121,948 59,988 501,020 ====== - 30,000 30,000 ===== 22,274 7,400 3,914 437 910 60 200 135 |
TOTAL 2024 £ 316,002 8,992 71,336 39,279 435,609 ====== 32,112 37,602 69,714 ===== 18,154 5,025 1,961 822 652 60 190 113 26,977 ===== 9,000 ==== 541,300 ====== |
|---|---|---|---|---|
| - ===== - ===== - ===== |
35,330 ===== 9,980 ==== 576,330 ====== |
Docusign Envelope ID: EA1DF891-CB63-4FF8-9A8F-5B07CA5EAD41
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THE AID FUND FOR CHRISTIAN SCIENTISTS IN NEED OF NURSING CARE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2025
(continued)
4. CHARITABLE ACTIVITIES (continued)
All costs are allocated to the single activity of the charity – that of providing financial assistance for those persons in need of Christian Science Nursing Care but cannot afford it.
5. REMUNERATION AND EXPENSES
There were no employees during the current or previous year.
No Trustee received any remuneration or any other benefits from an employment with this charity during the current or previous year.
Travelling expenses reimbursed to Trustees during the year amounted to £1,531 (2024 - £730). Four (2024 - three) Trustees were so reimbursed.
6. RELATED PARTY TRANSACTIONS
There were no related party transactions during the current or previous year.
7. FIXED ASSET INVESTMENTS
| Managed funds Market value of listed investments brought forward Listed investments additions Listed investments disposals Net gains for the year Market value of listed investments carried forward Cash held within managed fund Total value of managed fund |
2025 £ 5,196,524 354,713 ( 556,407) 113,086 5,107,916 57,667 5,165,583 ======= |
2024 £ 4,181,520 919,836 ( 612,177) 707,345 5,196,524 176,630 5,373,154 ======= |
|---|---|---|
8. DEBTORS
| Income tax recoverable Accrued income |
2025 £ 1,794 3,809 5,603 ==== |
2024 £ 1,576 6,760 |
||
|---|---|---|---|---|
= |
= |
8,336 ==== |
Docusign Envelope ID: EA1DF891-CB63-4FF8-9A8F-5B07CA5EAD41
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THE AID FUND FOR CHRISTIAN SCIENTISTS IN NEED OF NURSING CARE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2025 (continued)
9. CREDITORS: amounts falling due within one year
| Sundry creditors and accruals: for grants for expenditure 10. MOVEMENT IN FUNDS |
2025 £ 63,796 29,499 93,295 ===== |
2024 £ 60,861 33,824 94,685 ===== |
|---|---|---|
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| General | Restricted | ||
| Fund | Fund | Total | |
| £ | £ | £ | |
| Movements during the current year | |||
| on each fund:- | |||
| Fund Balances at 1.5.2024 | 5,213,843 | 477,700 | 5,691,543 |
| Incoming resources | 201,553 | 10,185 | 211,738 |
| Resources expended | ( 611,367) | ( 3,283) | ( 614,650) |
| Investment losses | 103,636 | 9,450 | 113,086 |
| Fund Balances at 30.4.2025 | 4,907,665 | 494,052 | 5,401,717 |
| ======= | ====== | ======= | |
| The assets of the funds:- | |||
| Fixed asset investments | 4,700,506 | 465,077 | 5,165,583 |
| Current assets | 299,329 | 30,100 | 329,429 |
| Current liabilities | ( 92,170) | ( 1,125) | ( 93,295) |
| Net assets | 4,907,665 | 494,052 | 5,401,717 |
| ======= | ====== | ======= | |
| Movements during the previous year | |||
| on each fund:- | |||
| Fund Balances at 1.5.2023 | 4,269,333 | 439,827 | 4,709,160 |
| Incoming resources | 841,484 | 10,470 | 851,954 |
| Resources expended | ( 541,716) | ( 35,200) | ( 576,916) |
| Investment losses | 644,742 | 62,603 | 707,345 |
| Fund Balances at 30.4.2024 | 5,213,843 | 477,700 | 5,691,543 |
| ======= | ====== | ======= | |
| The assets of the funds:- | |||
| Fixed asset investments | 4,924,157 | 448,997 | 5,373,154 |
| Current assets | 383,289 | 29,785 | 413,074 |
| Current liabilities | ( 93,603) | ( 1,082) | ( 94,685) |
| Net assets | 5,213,843 | 477,700 | 5,691,543 |
| ======= | ====== | ======= |
The restricted fund ('The B Fund') benefits Christian Science Houses by assisting with the cost of buildings and maintenance and the purchase of equipment.
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THE AID FUND FOR CHRISTIAN SCIENTISTS IN NEED OF NURSING CARE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2025
(continued)
11. ANALYSIS OF CHANGES IN NET DEBT
| Cash at bank | At start of year £ 404,738 ====== |
Cash flows £ (80,912) ===== |
At end of year £ 323,826 ====== |
|---|---|---|---|
12. CONTINGENT ASSETS
As at the year end, the Charity had been notified of residuary legacies where the value of these estates were uncertain as the executors had not yet finalised the estate accounts as the date of signing these accounts.
The estimated fair value of these legacies is over £300,000.