Registered Company No.. 3203917 The Christian Conference Trust Consolidated Annual Report and Financial Statements for the year ended 31 sl October 2025 Registered Charity No: 1056604 seNing the Christian family, with beautiful venues and great hospitality, to see ministry flourish
The Christian Conference Trust Trustees. Annual Report For thè yèar èndod 31 St October 2025 Contents Page Referencè and Administrative details of the Charity, its trustees and advisers Trustees, Annual Report {induding Strategic Report) ststernenl of Tiuslees, Responsibilities Independent Auditorfs Report Consolidated Statement of Financial Activits'es (incorporating a consolidated income and expèndsture account) 13 Balance Sheets 14 Consolidated Cash Flow Statèment 15 Notes to the Financial Statements 16 Page i The ChTrsfj4n C(dlenCe Re[thia FinAndd si*mèn1$2024125
The Christian Confar*nc• Trust Tru$tees' Annual Report Forthe yearended 31°, Octobar 202S REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS Legal Status The Christian Conference Trust I'the Trust'l is a règistefed charity Iregislralion number 10566041 and is consliluled a5 a company registered in England and Wales and limited by guafanlee Iregislralion numbér 320391 Trustees Ele¢ted by tnembers.. Andy LLicas Ichairl Hayley Beokett Andrew Cave Dionne Grav6sandè Sharon GrÈa$ley John Levick Nicholas Myers Mi¢hael Page Michael Quantick Michael Talbot Bankèrs Barclays Bank plc Charity Bank Third Floor Office Fosse House 2 High Street 182 High Streèt Nottingham Tonbridge NG1 2EN TN9 15E Auditor Moore Kingston Smith L L P 9 Appold Stfeet London EC2A 2AP RÈglstèr•d Offi¢è The Christian Conference Trust The Hayes Conference Centre Hayes Lane Swanwi¢k Alfreton Derbyshire DE55 1AU Senior Managemgnt John Heasman Chief Executive Lorna Page Finance Director Mark Rowe Sales & Marketing Director Heather Thomas Operations Director Pale 2 CoAlerenoETtUstAnnU RfWKtand Slatefn8nts2024125
The Christian Conferèncè Trust Tru$tÈes' Annual Report Fortheyearended 31°, October 2025 STATEMENT OF FAITH The Trust's Statement of Faith is"INe Ctsnfess the Lord Jesus Christ as God and Saviour and seek to fulfil mylour calling to thtr glory of one God.. Father, Son and Holy Spirit.. OBJECTIVES The charitable objectivè lor whi¢h the Tru51 is e5tablistted, as slated in its Memorandum and Articles of Association, is'lo promote the Christian religion, in particular by providing faeilrties at less than thé cornrnercial rale for conferences retreats and meetings. This is achieved by reinvesting the annual net surplus of the organisation to continue to imprtsve and develop the facilities available lo guests. The Trust runs centres foT residential and day conferences. There are currently three cèntres,. Thè Hayes in Derbyshire, High Leigh in Hertfordshire and Highgate Housè in Northamptonshiie. Our nIreS have a rich Christian legacy with whi¢h many of our groups are connected. As the charity is non- denominational in outlook we aim lo provide inclusive, Sale, comfortable and welcoming pla$ of conference and prayer whère, in the words of one of our founders, 'all Christians might meèt and taka eounsel together about the affairs of the kingdom of God. We put this into effe¢t by. seeking God's leading for the Trust in all that we do organising our5elve5 to meet our guests, requirements, rather than expècting them to meet ovrs striving lo Ireal our guests as we would wish to be treated valuing each member of staff, Providing them with 5UPPOrt and training as necessary, offering employrnenl based on a mutually benefi¢ial ielationship. and recruiting in the expectation that the Trust's Chyislian ethos will be honourtrd and promoted empowering and encouraging each member of staff lo takè decisions that improve or enhance each guest's experience of our centres playing our part as an interested and concerned corporate alizen in each community where we operate Where there is excess capacity. the Trust has historically also provided hospitality and conference facilities to charities and public sector org3nisalions that are not primarily Christian, through a whoHy owned subsidiary ompany, Fiisl Conference Estate Ltd IFCEI. All taxable profits of the subsidiary are gifted to the Trust. However, in recent year5 demand from Christian groups has grown significantly and as thè Trust is legally obliged lo priorilise space lor Christian groups, this means that 3vailability lor other groups through its trading subsidiary has become increasingly limited. In wew of that the Board ol FCE agreed to make some chan9È5 to FCE booking eligibility during the period to only aept lulure bookings from groups which have longstanding relationship FCE al The Hayes and High Leigh. Highgate House only takes bookings on beha ol thè Trust. PERFORMANCE AND ACHIEVEMENTS We thank God for another blessed year of operats.tsn with strong dem8nd from churches and Christian groups spending time away together in residential ministry at tsuf cenlres. W8 aehièved 121,150 visitor nights for the year12023124.'119,1001 the vast majority of which wère attiibutable to churche5 and Christian groups as we continue to deliver thè prineipal objective of the charity by being abl• to provide these groups with the benefit ol charges at less than thè Commercial rate. A combination of great value, beautiful well-located venues and wam) Christian service Consislenlly leads lo very high levels of gu0$1 satisfaction and repeat bookings. Our new centre Highgate House in Northamptonshire which opened in June 2024 is proving very popular with churches and Christian groups. A £2m project to build a major new conference hall al High Leigh commenced on site in February 2025 with thè new facility available for groups from summer 2026. We thank God that this project was funded trnlirely through the generosbty ol a Christian donor. We are blessed wrth a committèd and servant-hearted staff team, many of whom live in the local community in which each tsf our centi85 are located. Ouring the year we introduced our new Leaming Management System.. a dedicated portal for staff training. We also invested heavily in our learning and dèvèlopment environment during the year, to ensure our staff team continue to be well trained and equipped. P*)e 3 The ChYWlConIQr¢nC4 TM$iAnnLd Rep¢rtOndFinthtsd Statements 2024125
The Christian Conference Trust Trustè•s' Annual Report Forthe year ended 31" October 2025 We continue ovrjoumey ol 8nvironmerilal slewaidship in partnership with A Rocha UK, with a growing undèrstanding across the Trust of our responsibilities and opportunities as a charity. We completed our second C8rbon footprint assessrnenl in 2025 which helps us prioritise invèstmènt in crèation-care for our cenlres. STRUCTURE, GOVERNANCE AND MANAGEMENT Corporate governat)ce is As ielevant in the charitable sector as il is in the commercial world. The trustees of the Christian Conferen¢e Tiusl aiEn lo have high standards of accountabilrty as well as a proper and ethical perforrnance of their duties. During the year the Board and its committees mel iegularty. both fac&lo*face and by video-conferen. Gov8rnanc• arrnngamgnts The Trust is a registered charity Iregislralion nuTnber 10566041 and is consliluted as a company registered in England and Wales and limited by guarantee (registration number 32039171. Its objects and powors are sel out ils Memorandurn and ArticSes of Association, most recently revised in 2021. The Iruslees of the charity are the directors of the company and are known as thè Board. The Board eelS quarterfy and Is responsible for the strategic decisions ol the company, having règard to advice from senior management. Day-to-day operational decisions are made by senior managerrenl. The Chair and Chief Executive are in regular conta¢l between Board meeting5. The composrtion of the Board is as follows.. The Board comprises a minimum of four and a maximum of 17 trustees Trustees serve four-year terms. and no trustee can Serve for more than three consecuts've full terms wilhoul a break of al least twelve months While five Christian charities each have a right to nominatè a trustèe, none have done so in recent years and three have indicated that they will not do so in the future Other trustees may be nominated for election by any mernber of the Trust. Trustees may also recommend individuals for election Eligibility for election requires subscription to the Trust's Statement of Faith and musl be eilhei a member of an organisalion which is a member of the Trust, or an individual who Is a mernbei ol the Tru51 Appropriate training is provided for new and existing trusteés required. The Name5 of the Iru5tees who have served on the Board during thè yèar and up lo the dale of signing are shown on page 2. There are Ihree permanent Board commrtlees.. Audit and Compliance, Estates and Health & Safety and Sales & Markèting, @aeh having specific lerrns of reference and nCtionS delegated by the 8oafd. Management Structur8 The Chièf Exè¢ulive is iesponsible to the Board for the overall management of the Trust's affairs, leading the Senior Leadership Team which comprises the Operations Director, Finance Dirèctor and Sales & Maikeling Director. The current Senior Lèadeiship Team bring5 8 breadth of experience to the Trust from previous roles in the cornrner¢ial. public and charrtable sectors, including thehospitality and conferencing industries. The Chief ExecutNe 15 a non-execulive trustee of tsvo other unrelated Christian charitiès and is also on the worldwKle board of an internalional umbrella association representing Christian rèsidential ministry in over 80 countries. This involvement with other Christian organisations enables Ihts sharing of best practice in leadership and governance for the benefit of the Trust. Sènlor Managèmèrtt Remuneration Policy The Trust is committed lo ensuring we pay our staff faidy and in a way which ensures we attract and retain the right skills lo have the greatest impact indelivèring our charitable obje¢tive$. Pau84 Th•ChrtstyaD Conf•r•DuTNStAnnU R¢portandFinÈnQ$t&t?rnnts2o24l2S
Thè Chrlstlan Conftrènee Trust Trustees. Annua5 Report Fortheyearendod 315t Octobèr 2025 The Audit & Compli8n¢e COmTnittee also acts as a remuneration committee on behawofthe Board, vIng staff remuneration at least Or annualty. The committee reviews senior management pay against comparable third- sector organisations and ensLJres salari8s remain compelilive within the sector in which the Trusl operatès. Staff The work of the Trust relies on the ¢ommilment and hard work of ils valued staff. The Trust's management team communicate5 regularly and openly with staff, through use of rts in-house portal Beeke&p&r. team briefings, regular one-to-ones and at its annual staff conference, The Big EveFYI. The Board recognises that. under God's le8ding, the success of the Trust is due in no small part to the ¢ontinuing effort5 of the highest order by everybody who works for the Trust. whether they aré gu8St-18ang or work behind the scenes. The Board wants to publicly acknowledge the great job that has been done by the whole Trust family over the past year.. thank you lor all you do. Dio¢tor¥' indemnities The Company has made qualifying indemnity provisions for the benefrt of ils diTector5 which were made during the year and remain in force at the dale of this report. Related Parties The Christian Conference Trust has 3 whtslly owned subsidiary, First Conference Estate Ltd. During the year management charge of £1.1 m12023124 £1.3ml was made by the Trust lo the subsidiary company. Publle 8èn•frt The Trustees confimi they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities. Ttte trustees ensure that prices are kept a$ affordable as possible, whilst still ensuring there are sufficient funds for maintaining and improving the facilities offered. Fundraising Regulations Stat•m•nt Under provisions of section 13 of the Charities Act. the dis¢10suie of fundraistng practices is required. This provision is not applieable for The ChTislian Gonference Trust given the Charity does not partake in fundraising activities therefore no corresponding fundraising income 15 raised. Inv•stm•nt Policy The Iruslees have the authority conferred by the Articles of Associalion of the Charity to invest moniès not immediately required in such investments as they think fit. PRINCIPAL RISKS AND UNCERTAINTIES The trustees have considered the rnajor risks that the Trust is exposed to and maintains a risk rÈgisler which is regularly reviewed by trustees. As part of this proeÈss, they havè assessed the likely level of impact such risks pose on the organisation. The principal risk the trustees believe the organisalion faces is that of damage to its reputation which could substsnlla1 affect bookings or operations. The trustees have assessed the arèas of greatest reputational risk to the Trust as serious health and safety or safÈguaiding incidènts. cyber-risks andlor financial compromise. Measures have been taken to mitigate spec4fic risks, including the employment of a senior manager with health and safety responsibilrtiès to irnplement appropriate standards, processes. controls and prèventativè me35uies alQLJnd food safety. fire safety, legionella control and the genèral health and 58fely of gue515 and 51aff. The Estates and Health & Safety Committeè Considers the inleinal contro15 in pla for our heatth and safety environment, and risks to buildings. identifying key areas which require action to be taken. In l8110n lo safeguarding. the Tru51 has appointed a Designated Safeguarding Person both within thè Senior Leadership Team and Board of trustees. The Trust regularty reviews its safegLJarding operaty'onal pra¢tices with support from third-party advisers. with training prowded both to stsff and trustees. The Trust ensures it has robust eybèr-secvrity measures in place and regularly undertakes system5 penelralion lesls lo rllinimise the risk of systems or data loss or access. P4eS RVrtdFIandal Stabrffits2024125
The Christian Conferonco Trust Trustèes. Annual Report Fortheyear ended 31°, October 2025 In addition. the Audit and Compliance Committee is responsiblè for rewewin9 inlemal financial controls and covering other risks by insurance. The trustees undertake this process on a regular basis to ensure the operations of the gTOUP are adequately protected against the risks it faces in achieving its main objeelives. The tru51ees monitor inlemal control through the regul8r review of the financial p0511ion and the control environment. The Trust operatès a comprehensiveannual planning and budgeting system. Any significant changès to thosè plans are subject lo specific approval. The financial reporting system compares results with the plan monthly. with management infomation regularly reported to trustees. Going Con¢¢rn The financial staternen15 are prepared on a going concern basis which assutnès the Tru51 will continue in operalional existence lor the foreseeable future. Forecasts have been prepared under various trading scenarios for the twelve months from thÉ dale of approval of these financial slalements and based on these and the levèl of resèrves available. the Iruslees have concluded Ihere is no material uncertainty as to the Tru51's ability lo meet ils liabilities as they fall due. Accordingly. the trustees Continue to adopt the going concern basis in the preparation of the financial statements. FINANCIAL REVIEW 2024125 Income Trading Inrne for 2024r25 was £9.8m12023124'. £8.Sml with an additional £1.5m ieslricted donalion12023124.. £1.3ml towards the new conference hall at High Leigh. Total £n(x)me this perK)d therefore being £11.4m. Expendlture Total expenditure for 2024125 arnounled lo £10.2rn12023124.' £9.2ml. The Trust regularly invests significant Surpluses to upgrade both facilities available to guests and as$els amounting lo £2.6m this year (shown within note 121. Funds Movèm•nt Net expenditure for the year detailed above resutted in an overall annual SU5 of £1.02m12023124'. £679kl. Reser¥e$ Policy and Financial Position As shown in the group's balance sheet on page 14, thé total funds al the end of the year amounted lo £12.6m 12023124.. £11.4m) representing unrestricted funds of £10m12023124.' £10.1 ml and restricted funds of £2.6 12023124. £1.3ml.The loalisation of these ftind5 being achievable by deprecAation of fixed assets held for charity use. The Board of Tru51ees has a responsibility to be good steward$ of the finan¢ial resour¢es we have been entrusted with and approved a new Resèrves Policy in April 2026. Our Tiustees acknowledge their legal duties to act in the interests of the Charity and its benefieiaiies. to protect and safeguard the assets of the Charity. to act with reasonable care and skill. and lo ensure the Charty is accountable. Our free reserves are that part of our Ljnrestrictèd funds that 15 treely available to spend on any of the Trust's purposes. In determining free reserve5. the Trustees have identified specific elements to meet financial tsbligalions in relation lo various matters and circumstances that may arise. These include an amount lo cover three months of operating expenditure, a payroll reserv8 to meet staff terrninalion c051s, and an arnount lo allow for unbudgeted major premises expenditure in ordei lo maintsin day-to-day guest operations. The aggregate level of target free reseNes has been set prudently 8nd totals £2.1m-£2.6m (seasonally dependent). At 31 st October the Trust had negative free ieserves of £2.6m. Trustees are committed to bringing th8 amount of free reserves held in line with the target by the end of the current strategic ¢ycle in 2030 Ihiough judiciou5 cost management and investment. It should be noted that thè Trust operate5 a paY-1n-advan model and that the negative position of free reserves is offset by the deferred income level, £3.4m al 31st October 2025. Pape6 Thgchdsoan Confer¢ncg Tru51Annu4 Reportand Finan¢4d SiSt&men1$2D24125
The Christian Conference Trust Trusteès, Annual Report Forthe yearended 31" October 2025 PLANS FOR THE FUTURE In January 2025 the board of trustees approved our 2030 strategic plan. This strategic plan is called °Inv8sling" because we are committed lo investing through main strategic pillars." invesl-l(Fprolect and invest-to.grow. The invesl-to-prolect pillar is about suslainabilty and excellence. It's about maintaining our sweet spot and de- rssking the organisation with a core focus on doing what we do well. The inve51-10rOW pillar is about opportunity and iTnpacl, extending our reach as we take a ri$k-based approach lo opportunities for growth. Thèsè strategic pillars are driven by five clear strategi¢ prinpIes.. charitable-objective fijlfilling, faith-led, risk-5aVy, change-ready and investmenl-cenlric. Our 2030 strategic plan includes the following areas of largeled investment., 11 our Christian alhos and values 21 our staff 31 our market knowledge 41 our organisational resilience S} qualty of gue51 experience 61 Our cenlies 71 our environment 8} our govemance We believe we have a particular opportunity in this next slregi¢ CYC lo develop a voice-stratègy or thought leadership for the changing church. Wè are wèll positioned lo develop this role from the stiong position our doctrinal neutrality affords us togèther with the shop-window we are for the chui¢h. wrth over 120,000 visitor nights recorded at our cenlres in the past year. We are seeing unprecedented ¢han9e in our target market, with essential tiadilional denominations declining and newer tsnes growing. We want to ensure that our offering continues to be ielevant and attractive to a changing markèt. while also cautiously exploring product and market development lo satisfy the significant demand for Chiislian residential conferencing. As we invest strategically in our rnaikel knowledge we believe there is a n&8d to publish aulhorilalive and independent state-of-the-nalion research, mapping changes in recorded church attendance demographic by denomination, together with worshipper characteristies includillg age. gender, ethnicity, and socioeconomic b8¢kgroynd. We are actively exploring wrth thiid-party statistical researchers how we develtsp this research both for the benefit of delivering the Trust's objectives and also for the UK church generally. Wé hope lo be in a position lo publish our first report in 2027. We arè blessed 8$ 8 charity to run a financially sustainable organisalion which does not require financial support for day-to-day operating costs. As we deliver against our 2030 slialegy. we are prayerfully building relation5hip5 with those who the Lord has blessed materially who may be able lo support our vision for investm&nl, whether Ofganic or inorganic and intend launching 8 capital improvement fund this year to support this. As part of our 2030 strategic deliverables, work on a new 30S¢3tef conference hall at High Leigh is scheduled to open to guests in summer 2026. We pray that this invostmenl will be a great blessing to the church. As we invest in our staff and organisation81 resilience, we are planning on strèngthening the Senior Leadership Team during 2026 with the appointment of a Central servIs Director. In an ill¢reasingty challenging règulatory and lègal operating environment we want to ensure we have sénior dedicated resources lo professionally manage our e51ate, compliance, procurement and hutnan resources functions. Pag8 7 Th8Chriytian Conl8r8nc8TtustknDual RwrtaiaFinan¢481 Slmè52024l2S
The Christian Conferencè Trust Trustèès, Annual Report Forthe year ended 31°, October 2025 TRUSTEES. STATEMENT OF RESPONSIBILITIES The trustees (who are also directors of The Chiistian Gonference Trust for the purposes of company lawl are responsiblè lor preparing the Truslees'Annual Report and the financial statements in accordance applicable law and United Kingdom AccoLSnting Standards (United Kingdorn GeneraltyAccepted Accounting Practice), including FRS 102 The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland Company law require$ the Iru51ees lo prepare financial statements for ea¢h financial year which give a tnje and fair view of the slate of affairs of the charitable company and thè 9rovp and of the incoming resources and application ol resources, including the incotne and expenditure, ol the charitable group for that period. In preparing these financial tstalements. the trustees are required to.. select suitable accounting policies and then apply them consi5tently,' observe the methods and principles in the Charities SORP Tnake judgemen15 and estimates that are reasonable and pwdent slatewhelher applicab accounting stsndards have been followed.. and prepare the finanaal slatetnen15 on the going concern basis unless it is inappropiiale lo presume that the charitablè company will Continue in business The trustees are responsible for keeping adequate 3e¢ounling iecoTds which disclose with reasonable accuracy, at any time, the finanual position of Ihecharilable company and enables them to ensui& thé financial statements comply with the Companies Act 2006. They are also responsible foi safeguarding thè ass8t5 of the charrtable company and the group and hence. for taking reasonable steps for the prevtrntron and detection of traud and other irregularities. In 50 far as the trustees are aware.. there is no relevant audit information ol which the charitable company's auditor is unaware,. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and lo establish that the auditor is aware ol that infomation The trustees are responsible for the maintenance and integrity ol the charty and financial information induded on the charity's web511e. Legislation in the United Kingdom governing the pioparalion and dissemination of financial ststemenls may differ from legislation in otherjurisdiction5. This report satisfies the requirement for a diieclors, report as required by company law. The Trustèes. Report. including the Strategic Report, was approved by the Board 8nd signed on ils beham by". Andy Luca5 Chair of Trustee5 16 April 2026 Page 8 Th8¢hrtseOnfotec¢Tr$tAnnU4 Rep¢rtondFinontsal Stètemonts 2024125
The Christian Conference Trust Independent Auditors, Re ort to the Members of The Christian Conference Trust For t e year ended 31st October2025 Opinion We have audited the finan¢ial stslerTTrents of The ChTislian Conference Trust for the year ended 31 October 2025 which cornprise the Consolidated Staternent of Financial Activities incorporating an Income and Expenditure Account, the Group and Parent Charitable Company Balance Sheets, the Consolidated Cash Flow Statement and notes to the financial statements. including 8 Summary of significant ac¢ounling policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdorn Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland Iunited Kingdom Generally Accepted Accounting Practicè). In OUT opinion the ffinancial stalemenls.. give a true and fair view of the stale ol the group's 8nd the paienl chaiilable ¢ompany'$ affairs as at 31. October 2025 and of the group's incoming resouice5 an¢J application of ie50urce5. including ils income and expendiluie. for the yeai then ended., have been properly prepared in accordance wf(h United Kingdoffl Generally Accepted Accounting Pra¢ti¢¢.' and have been prepared in accordance with the requirements of thè Companies Act 2006. Basls for oplnlon We colldycled our audit in acoordance with Intemational Standards on Auditing (UK) IISASIUIQI and applicablè law. Our responsibilrties under those standards are further described in the Auditor's Responsibilities for the audit ol the financial statements section of our report. We are independent tsf the charitable company in accordance with the ethical requiremènts that are relevant lo our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilrties in accordance with these requiremen15. We believe that the audFt evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relang to golng eone•rn In audtting thé financial slalèmenls. we have concluded that the tru5tees' use of the going concern basis of ac¢ounting In the prepaialion of the financial 51alements is appropriate. Based on the work we have performed, we have not identified any material unrtaintieS relating to events or conditions that, individually or collectively, may cast signifi¢ant doubt on the charitable company's ability lo conts'nue as a going concern lor 3 p&iiod of at least twelve months from when the financial slalernents are aulh0ri5ed for i$sue. Our respon5ibililies and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other inforrnation The other information comprises the inft>imalion included in the annual report. other Ihall the financial Statements an¢J our auditor's report Ihereon. 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 slated in our report, we do not express any form of assurance conclusion thereon. In ¢onnèction with our audit of the ftnan¢ial slalemenls. our responsibilrty is to read the other information and, in doing so. consider whether the other information is materially incon51slent wrth 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 maleii81 misstatement in the financial statèments 01 a tnateri31 misst3ternent of the other information. If. based on the work we have perfofmed. wo conclude that there is a maleiial misstslemenl of this other information. we are qUired lo report that fact. We have nothing lo report in this regard. Page 9 ThoChri4n CofflférwvTNstknfflu* Ryrt3nd FIDaidalStaierrthts2024125
The Christian Conference Trust Independent Auditors. Re ort to the Members of Th8 Christian Conference Trust For t e year ended 31 St October 2025 Opinions on other matters prescrib•d by thè Comp3ni+s Aet 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the truste¢s' annual ieport for the financial year for which the financial statements are prepared is consistent with the financial slalemenls., and the Iruslees, annual report have been prepared in accordance with applicabl6 legal requirèments. Matters on which we arg r8qulr•d to réport by •xtption In the light of the knowledge and understanding of the group and parent charitable company and their environment obtsined in the course of the audrt, we have not identified material misstatements in the trustees, annual report. We have nothing lo report in respect of the ft>llowing mattels where the Cornpanies Act 2006 requires us to report to you if, in our opinion.. the parent charitable company has not kept adeque and sufficient accounting record5. or retums adequate for our audit have not been received from branches not visited by us., or the parent charitable company's finanaal statements are not in agre8ment with the accounting records and returns., or certain disclosures of trustèes, rèmunèration specified by law are not made., or we have not reoeived all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the trustees, responsibilities statement sel out on page 8, the trustees (who are also thé directors ol the eharitable company for the purposes of cornpany lawl are responsible for the preparation of the financial statèments and for being satisfied that they give a true and fair view, and for such internal conliol 85 the Iruslees determine is necessary to enable the preparation of finanaal statements that are Ir88 from material misstatement, whether due to fraud or error. In preparing the finan¢ial stalemenls. the tru51ee5 are responsible for assessing the group and parent chatitable ¢ompany s ability lo oonlinue a5 a going concern, disclosing, as applicable, matters related to going concem and using the g01ng concern basis of accounting unless the trustees either intend to liquidate the group or parent charitable ¢orrpany or to cease operations, or have no realists'c altemative but to do so. Audltorfs r•sponslbllltl•s for the #udit of the financial statements Oui objèctives are to obtain iea50n8ble assuran about whether the financial statements as a whole ale free from material misstatement. whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance 15 a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a matèrial misstatèmènt when it èxists. Mi$5ts1emenls can arise from traud or error and are considéred tnateiial if. individually or in aggregate, they could reasonabty be expeetèd to influence the e¢onomi¢ decisions of users taken on the basis of these financial statements. As part of an audit in accordance with ISAS {UKI we exercsse professional judgement and maintain professional scepticism throughout the audit. We also.. Identify and asse55 the risks of material misstatement of the financial statements, whether due lo fraud or eiroi, de51gn 8nd perfoirn audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. Thè risk Of not dètecting a material misstaternent resulting from fraud is higher than ft)r one resultsng from errol, as fiaud may involve collusion, lorgery, intèntional omissions, misrepresentslions. or the override ot internal control. Obtain an understanding of internal control rèlÈvant to the audit in ordèr to design audit procedures that are appropriate in the circumstances, but not for the purposès of èxpressing an opinion on the effectiveness of the group and parent charitable cornpany'5 Internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Pa9e 10 Thechnsban C¢nferen¢e TruslAnnL R¢PUtiand Finan&dStaiqmpnls2024125
The Christian Conference Trust Independent Auditors, Re ort to the Members of The Christian Conference Trust For t e yeaf ended 31st October 2025 Conclude on the appropriatèness of the trustees. use of the going concern basis of accounting and, based on the audit evidence obtainèd, whelhei a Thalerial uncertainly eKis15 related lo events or condition5 that may ca51 significant doubl on the group and parent charitable company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required lo diaw attention in our auditor's report to th? related disclosures in the financial slalement5 01. il such di10$U[e$ are inadequate. lo rnodify our opinion. Our conclusions are based on the audit evidènce obtained up lo the date of our auditorfs report. However, future events or conditions may cav5e the group or parent charitable company to cease to continue as a goin9 concern. Evalvale the overall presentation. structure and content ol the financial statements, including the disclosures. and whether the financial stalements represent the underlying transactions and events in 8 manner that achieves fair presentation. Obtain Sufficient appropriate audit evidence regarding thefinancial information ofthe entities or bustness activities within the group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and pèrformanee 0¢ thè group audrt. We remain solely responsiblé for our audit rèport. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audrt and significant audil findings, including any significant deficienaes in internal control that we identify during our audrt. Explanation as to what extent the auditwas considered capable of detecting Irregularities, including fraud Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect matorial misslalement5 in respect of itregularities, induding fraud. The extent to which our procedurès are capablè of d8lecting irregtjlarilies, in¢luding fraud is detailed bèlow. The objeclwes of our audit in respect of fraud. are., to identify and assess the risks of material misstatement of the financial statements due to fraud,. to obtain sufficient appropriate audit evidenc6 regaiding the assessed risks of material misstatement due to fraud, through designing and irnplÈmenting appropriate iesponses lo those assessed risks,. and to respond appropriately to instsnce5 01 fTavd or suspeded fiaud identified during the audit. However. the primary iesponsibility foi the prevention and detection of fraud re51s with both management and those charged with governance of the charitable company. Our approach was as follows.. we obtained an understanding of the legal and regulatory requirements applicable to the charitable company throvgh the use of permanent audit file information, updated this year for any changes that have been identified by management or by our own investlgations and considered that the most significant ale the Companies Act 2006, the Charities Act 2011, the Charity SORP, and UK financial reporting slandaid5 as issued by the Finanaal Reporting Counctl., we obtained an uriderslanding of how the charitable company complies wrth these reqLtiremènts by discussions with management and those charged with governance. we assessed the risk of material misstatèmènt of thè finanual statèmènts. including the risk of material misstatement due to fraud and how il might occur. by holding discu5510ll5 with management and those charged with governance. We inquifed of management and those charged with governance as to any known instances of non- compliance or suspected non-compliance with laws and regL41ations. Based on this understanding. we designed specAfic appropriate audit procedures to identify instancés of non-compliance with laws and regulations. This included making enquiries of management and those charged with governance and obtaining additional corroborative evidence as required. Page 11 Th•Ghristian cDnf8ronc0T(uAnu Rwrtand Statsments202412S
The Christian Conference Trust Independent Auditors, Re ort to the Members of The Christian Conferencè Trust For t e year ended 31st October 2025 There are inherent limitations in the audit procedures described above. Wè are lèss likely to bècome aware of instsnces of non-eomplianee with laws and regul8lions that are not closely related to events and transactions reftecled In the financial statements. Also, the 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 misrepresentslions, or through collu510n. Use of our report This report is rnade solely to the charitable company's mambèrs, as a body. in accordance with Chapter 3 of Part 16 of the Companies A¢t 2006. Our audit work has been undertaken so that we might state to the charitable mpany s mefflbers those matters which we are required to state to them in an audilorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to any party other than the charitable company and charitable company's membecs as a body. for our audit work, foi this report, or for the opinions we have fofmed. s."4L LLI 38WI48ACDE440E . 22/512026 Andrew Stickland Isenior Statutory Auditorl for and on behalf ol Moore Kingston Smith LLP, Statutory Atjditor 9 Appold Street London EG2A 2AP Pa9e 12 Thecntl# Con1eren¢eTruknAd ReporfAnd Finth)CiÈl StatemÈnt$2024125
The Christian Conference Trust Consolidated Statement of Financial Activitigs Incorporating an Income and Expenditure A¢¢ountl For thg yoar gnded 31st (ktober 2026 Unrestrided Funds Re$tri¢¢e Funds Totsl 2025 Total 2024 Income from.. Donations and grants Charitable activities Other tfading activitie5 Investment Income 1.551.000 1.551,000 7.985,121 1.725,700 127,995 1.318.350 6.723.990 1.758.143 31.497 7.985,121 1,725.700 127,995 Total inGome 9,83B.816 1.551,000 11.389,816 9,831,980 Expenditure on RaL%ing funds 281,977 281.977 295.954 Charitable activitie5". On90ing charilabk actwities 9,785,110 152,533 9,937.643 8.860.665 Total expandfture 10.067,087 152,533 10,219,620 9,156,619 N•t Incom8 I (Expondlturel for the year btfort transfers 228,2711 1.398867 1,170,196 675,361 Transfers betsween funds Net movement in funds 1228,2711 1,396,467 1,170,196 675,361 R•¢onclllatlon of funds Funtls brought forward 18 10.255.772 1.198.271 11,454.043 10.778.682 Total funds carwied foard 18 10,027,501 2,596,738 12,624.239 11.464,043 The statement of finanual adivities includes all gains and losses recogni8ed in the year. All income and expenditure derives from continuing athivities. The accompanying notes fom part of these financial stslements. The Christian Conference Tmsl l Annual Reportand Finan$1 $18i¥m•nts 202412S Pay613
Thg Christlan Conferencè Trust Balance Sheet$ as at 31st October 2025 Group Chartty Noto 2025 2024 2025 2024 Flxed Assets Tangible a858ts Investsnent in subs[ary 12 13 17.521,642 15.S58.916 17,521,642 110,358 15.658,918 110,358 17,$21,642 15.65B.916 17.632,000 IS.769.274 Current Assets stodi Debtors Inve51rfients Cash and Bank 83,899 360,379 l.W3,452 3.e35,139 77,242 675,397 1,579,832 2,524,031 56,421 866,201 1,003,452 2,721,525 46.13fj 1.307,479 1.579.832 1.216,129 14 S,082,869 4,8S6.S02 4A47,599 4,149.876 Creditor5'. amount3 falling due within one year 14,941,740) 14.021,9361 14,488,117) 13,513.3281 N¢t Current Assets I ILiabilitiesl 141.129 834,566 140,5181 636.248 Totsl As$&ts less Current Liabilities 17,662.n1 16.493.482 17.591,482 16.405.522 Creditors.. amounts falling due after one year 16 15.038,5321 15,039,439) 15,017.4631 15,001.6991 Net Assets 12,624,239 11,454,043 12,574.019 11,403,823 Represented by.. Unre51ricted funds Restricted funds 18 18 10.027,501 2.596,738 10,255.772 1.198.271 9.977.281 2,596.738 10,205.552 1,198.271 Total Fvt)d$ 12.624239 11.454.043 12,574.019 11.403.923 As mItted by Section 408 of the Companies Act 20Cé, no separate Statement of finanual activities or Income and Expendrtu Account has been presented In respe¢t of the parerTrl charitable company. The surplus for the financial year tsalt with in the financial Statements of the parent charitable company amounted to £1.170.19612023124. surplu5 £675.3811. The accompanyi notes fomi part of these financial $iatements The finan¢ial $tatement$ of The Christian Conference Trust, regtered number 3203917 were approve(I by the Board of Trusteès and authorKEed for issu8 on 16th *ri12026 and signed on rt$ bBhaLF by. Andy Lucas Chair of Trustees Dale Cclnpany number.. 03203917 The Chnslian conferen Trust | Annual Rewrt and Finan&al Statements 2024125 Page 14
The Christian Conference Trust Consolidatéd Statgmgnt of Cash Flow For the year ended 31st Octobor 2025 2025 2024 Net cash flows provided by operatlng a¢tMtI8S 23 3,333,242 2,788.740 Cash Ilows from investlng actlvltles Investment Incomo Pur¢ha$es of property. plant and equipment Disposal of propety, plant and equipment De¢reasellincrea$e In $hort term investments 127,995 12,608,916) 10,001 576.379 31.498 14.253.139) 11.579.832) Net cash (used Inl Investlng ¥lM¢les 11.894,5401 15,801.4731 Cash flows from flnanclng actfvlti'. Interest paid Cash inflows from new borrowing Repayment of borrowings 13fj7,1591 94.900 155,3341 1253,5381 4,900,000 11,408,333) Nel Cash lus¢d Inl I provlded by financiw actfvltles 1327,5931 3,236,131 Chango In cash and cash equlvalents In tho roporting orlod 1,111,108 225,398 Cash and cash equlvalents at the brylnnlng ¢>f the pOrting period 2,524.031 2,298,632 Cash and cash equivalents at the end of the reportlng parlod 3.635.139 2.524.031 and ¢ash uivalent5 2025 2024 Cash in hand ash at Bank 4W 3.634,739 400 2.523,631 Totsl cash and cash equivalents 3,635,139 2,524,031 es in not debt At beginning of year Ca5hflows other movements At end of year Cash 2,524,031 3.635.139 Loans falling due within one year Loans falling due after more than one year 155.3341 14.844,6661 55.334 I94,9} 190,3S01 S2,505 190,3501 14,847,061) T¢)tal 12,375.9691 1,071,542 2,155 11.302,2721 The Christian cLference Tru511 Annual ReFX)rt and Financial Statemts 2024125 Pa92 15
The Christian Conferenco Trust Note$ to the Financial Statemènts For the yèar ènded 31st October 2025 counting Policios ompany and ¢haritabl8 status The Christian Conference Trust. a public benefit entrty. i8 a registe Charity in England and Wa$ Inumber 10566041 and is incory)orated In England and Wales a5 a company limited by guarante& not having a Share capital Icompany number 32039171. 11 is goveined by its Memorandum and Articles of K8$0tiation and at Ihe year end there w&re 13 members12023124- 14lwho were ea¢h liab lo contribute £1 tt)e event of the cornpany being wound up. The Ch2rity has adapted the Companies Act forrnals to fIt Ihe Charities SORP and the special nature of the CharrtY$ a¢tiities. 1.1 Basis of accounting The linanual statements have been prepared under the historical cost convention and In accordan with the Companie$ Act 2C4, the Charities A¢t 2011 and the Ststernent of Recommended Po¢11 applicabie lo charities preparing their accounts in accordance with Ihe Financi81 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1D21. The group is a public benefrt entty as defined by FRS 102. The Statement of Finanual Activities ISOFAI and Baknce Sheet consolklate the financial statements of the parent charitable company and rts Subsidiary undertaking. Th& resutts of the subsidiary are c¢nsolKlaled on a line by line basis. The financial statemen15 are prepar8d in sterling, which Ls the functional currency of the group and charity. Monetary amounts in thes8 financial 5ts1ements are rounded lo the nearest pound. 1.2 Golng concern The financial statement$ a prepared on a going wncern basis which assumes that the Charity will continue in operational existen for the f0re5eeable future. Foreeasts have been prepared under various trading scenarios for the tnonlhs from th& dale of approval of these financial statements and based on these and the level of reserves availabk. the ttuslees have concluded thai there is no material uncertainly as to the Charity's ability lo rneel ils liabilitKs as they fall due. Accordingly the trustees continue to adopt the going con¢em basis In the preparation of the financial statements. 1.3 Basis of consolidation Greup financial $tatements have been prepared in respect of The Christian Cfftrence Trust and rts wholty wned subsidiary, First Conference Estate Ltd. These financial statements have been nSOlated on a line by line basis and the results of the subsidiary undertaking are disclosed in Note 5. The charitable company has taken advantage of the exemptions in FRS 102 from th& requirements lo present a Charitable company onty Cash Flow Statement and rtain disd05ures about the charitable comp8nl$ financial in$iruTDents. 1.4 Income and expendtture Income and 8xpenditure are generalty accounted for on an accrua& basis. 1.5 In¢ome Income from ¢onferon¢e fee5 and olh8r sources of income Is tognISed when the charity and subsidiary have entillemenl to the fund5, it 15 probable th8 income will be ceiVed and the amount can be rnea8Ud with sufficient liability Donated prote$sional Se$ and donated facilities are recognised as income when the charity has control over the item. any conditions a550ciated wth the donated Item have been mei. the receipt of economic banefit from the use by the ¢harty of the item 1$ probable and that e¢onoms¢ benerrt can be measured reliabty. Income from government arKS other 9ranl$ art ognISed at fair value when the charity has entitEemenl after any performance conditions have been met, it is probable that the income will be received and the arnount can be measured reliably. If entitment is not met then these amounts ar8 deferred. Capits1 grants are accounted for as income as soon as Ih&y are recÉiv3ble. 1.6 Expenditure Expenditure recognised as soon as there 1$ a legal or constructive obl¥Jation cornmitting the charity lo the expenditure. AJI expenditure is a¢¢ounted for an accruals basis and has been cL9ssified under heading5 that a99regale all costs reialed to Ihe category. EXperrt ra15irvJ funcls include Ihose costs directty lated to the other trading activiti85 (see note 51.. fx)5t5 ar8 regarded as neeessary to raise fund$ tt)at a needed to finance charilabk acliwties. Support CO81$ are those functions that assist the work of the charity but do not dI¢111Y undertake charitabk actiwities. They indude costs such as gener81 management. finance. premises and facililie5, marteting and governanee. 1.7 Fund Accountlng The charitable company maintains three types of fund. Unrestrlcted funds are avaii4ble for use at the discretion of the board of director$ in furtt)erance tsf the general charitable obJe¢tNe$ of the organisation. Dgsionated unrestrictgd fund5 are monies sel aside by the board from unrestricted Yunds for a speufic purpose. Restrl¢ied fund$ ho rnonies which have been received for a spe¢ific purwse. The Christian Cference Twst | Annual Report and Finaw81 Staimeni$ 2024tt5 Page 16
Th¢ Chrlstian Conference Trust Notes to the Financial Statements For tha yaar gnd&d 31$1 O¢tob¥r 2025 1.8 Tanglble fixed assets avtil depreciation Tangible fixed assets a stated at cost less accumula18d depreCiatn. Deyeciatson 1$ 1$ provided on all trn9ib fixed assets, other than fr8ehold land, at rates clCUlated to write off the c051 or valuation over Iheirestimated useful economic1rf8 at the folk)wing annual rates. Freehold. long asehold buik1ing$ Assets under Constructio Plant. furnitur& and 8quipmenl- Computers and other electronic equipment all other items rnotor vehicles 2% on cost no depreaalion 33% on Cost 20% on wntten down value 25Qh on wntten down value 1.9 Itwestmont$ The investrnent in the subsK1iary is tnduded in the Chafitys financial stalwnenls at wst 1.10 Stocks Stock5 are stst8d at the bwer of cost and net reliiable value. 1.11 Operatlng LeasÈ$ The eosl8 of operatyng aSe$ are charged lo the incorne and expenditure account as they accrue. 1.12 Pensions The Christian Conferenee Trust operates a defined ¢tsnlribub"on petsonal pension scheme. Contributs'ons are charged lo the Statement of Financial A¢tivities a5 they beccrfne p8yable. 1.13 Mnanclal Instruments Th& company has finanaal as$ets and liabilities of a kind that qualify as basic financial instruments. Basic finanual in$truments are initially reccgnised at transaction value and subsequently measured at their settlement valuo. Trado and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayrnents are valued at the amount prepaid, net of any trade discounts due. Cash at bank and cash in hand includes cash and short term hhlY Iv4uid investments with a short maturity of three months or 55 from the date of acquisition or opening of the deposit or simikr account. Creditors and provisions are recognised where the company has a pSent obligation resulting frorn a past event that will probaNy result in the transfer of fund$ lo a thifos paty and the amount due to Setlle th8 obligation can be measured or estimated reliabty. Creditors and provisions are nomally recognised al their selllemenl amtruni after allowing for any trade discounts due. 1.14 Taxation The Christian conferen Trust is potentially exempt from taxation on 11$ in¢())e antl 9ains under Se10$ 466 to 493 of the Corporation Tax Act 2010 and SectKJn 256 of the taxation of Capital Gains Act 1992, to the extent that they are applied for charilab purposes. No tsXab profit arises on First Conference Estate Limited due to ttLe fa¢t tt)al all ta¥able pr¢fits are gifted to The Christian Conference Trust under Deed of Ctsvenant. Critical Accounting judgefflents and key sources ol estlmatlon In the appliCatn of the Group's acceunling polities, which a d&$cribed in note 1, the trustee5 are required to make judgements. estimates and a$$umplion$ about the cartwng amount5 of assets and liabilities that are not readity apparent from other sourTrs. The estirnates and assaated assumptions are based on hi¥tori¢al eXpernCe and other factors that are considered to be revant. Actual results may differ from these e$iimates. The e$iimates and undedyng assumptions are raviewed on an 0019 basrs. Rews10ns to accounb'n9 estimates are recognised in the period in whith the estimate i8 revised if the ovision affects only that period. or in the pellcd of the revisien and future period$ rf the ViSIon affects both Cufrent and fvture rIOdS. The financial statements indude manag&menfs estimate of the costs related to the ¢bsure of the conference cenlre al Belsey Bridge based on professional advice that has been received. The Christian Confer8nr Trust l Annual ReFM)rt and Firhanty81 Statements 2024125 Page 17
The Christian Confèronco Trust Not•$ to the Finan¢lal Statements For the year ended 31st October 2025 2025 2024 Income frc*n Donotlon$ and grants Individual giwng donatnS Gran15 1.500.000 51.000 1.318,350 15510 1 318 350 ortolal amount5 reported above £1.551,000 15 attributable lo restricted lunds and £Nil is attributable lo unreslricled fund5 12024. £1.303.350 is attributsble to $triCted funds and £15,000 is attributab to unrestricted funds). 2025 2024 Income from Charitable Actlvltleg conferen fee$ 7.985.121 6,723,990 7 985 121 6 723 990 Al Income from ¢hafilable a¢tWit is attributable lo unrestricted funds. Other Trading Actlvltl8S 2025 2024 Tradin9 subsQiary a¢liwb"es". Conference fee$ Bar and shop sales Subsidiary rental incLme (Xher sundry in¢tyne 15al 15al 15al 1581 1,459,021 236.286 19.330 2.261 1,716,898 1,489,114 246,481 17,420 1.753,015 Trust sundry operating income 8.802 5.128 1725 700 1 756,143 5a Trading subsldlary The Christian Conferenfft Trust ¢)wns the whote of the Bsued ordinary share capital Of First Conference Estate Ltd.. a company registered in England and Wales. The shale ¢apilal of the 5ubsi¢Jiary con5151s of 110.358 shares of £1 each. The principal activity of First Conference E$tste Ltd 15 that of providing conference facilities to secu12r chantie$ and other orgafii5ation5. and the provision of all bar and shop facilities for conference$ he al The Hayes, High Leigh and Hh9818 Hou8e. The taxable profi15 of tt)e $ub$idiary are gifted to The Christian Conference Trust. 2025 2024 Turnover Cost of sa$ and admini4tration expenses Management charge from pant ¢oFnpany Other operating inc0rn8 1.695,307 1201,0031 11,133,678) 21,591 1,735.595 1217.7011 11.310.406) 17.420 Net Prollt 382,217 224,910 ounl gifted to parent charity Retaln¢d In the Subsldlary 382,2171 1224,9101 The aggregate of the assets, liabilities and re8erve$ of the $ub$idiarywere'. 888ts Liabilities 952,240 791.668 160,572 1.341,993 1 181,421 160,572 Aggregate share capital SerVeS Investment Income 2025 2024 Bank Interest 127,995 31,497 127.995 31,497 The Chnstian Conferertt Trust | Annual Rewrt and Finawal Statsments 202412S Page 18
The Christian Confgrenc& Trust Notes to th& Flnancial Statements For th• year ended 31st Octob9r 2025 Anaty$l$ of Expenditure Direct Staff costs Other Olrt¢t ¢ost5 Iseo note 81 Support costs Iseo note 91 Totsl 2Q2S Expendttufe on.. Raising Funds ITrading subsidiary l$¢e noto 7a1 40.561 134,403 107.013 281,977 Total Expendiiuro raising funds 40.561 134,403 107.013 281.977 COnfenclng aclNilies 3,671,904 2.494.314 3,771,425 9,937,643 Total Expend6ture on ¢haritablo activitie 3.671,904 2,494,314 3,771.425 9,937,643 Total Èxwnditure 2025 3,712,46S 2,628,717 3.878,438 10,219,620 Total Expenditure 2024 2,914,500 2.812,365 3,429,754 9,156,619 Expenditure incurred on a¢tiwtie$ during the comprises £152.533 attributable restricted fund$ £10,067.087 atrribUlab to Unstri¢led fund512023124.. Expenttitu In¢Ur on activitie5 during the year Compri £105.079 attributablg to r&strited funds and £9,051, $41 attributab to unrestricted funds). COMPARATIVE INFORMATION.. ANALYSIS OF EXPENDITURE YEAR ENDED 31 OCTOBER 2024 Dlrect stsff ¢osts Other Direct costs Iseo note 81 Support costs Isee note 91 Total 2024 Expendltur¢ on.. Railing Funds ITrading subsidiary Isee note a¢tniitiesl 7a) 45,237 139,863 110,854 295,9S4 Ti)tal ExnIMult on raising funds 45,237 139.863 110,854 29S,9S4 Conferencing activities 2,869,263 2.672,502 3,318,900 8,8S0.665 Total Expend4tur& on charitable activltles 2,869,263 2.672,502 3,318,900 8,860,665 Totsl Exp8ndtture 2024 2,914,500 2,812,365 3,429,754 9.156.619 Tha ChD$tian cfere8 Trust l Annu Report and Finawal siaternents 2024r25 Page19
The Chri8tian Conferenco Trust Notes to the Financial Staternents For the year &nded 31st October 2025 2025 2024 7a Ral$lng Fund$ Tr8ding stsbsidi8ry¢osÈ$ ate to. Bar and shop costs Direct staff costs Support C0515 134.403 40.561 107.013 139,863 45,237 110.854 1580 note 91 l$eo n¢)t0 71 281,977 295,954 Other Dlr¢¢t Cost$ Analysls 2025 2024 Conference5 direct costs Repairs, rerwa1s and maintenan¢e Highgate House set up ¢osls Bursaries 1.692,591 786,668 1.573,584 703,163 358,740 37,015 35,055 Totsl Other Dlr8ct Costs (see note 71 2,494,314 2.672,502 Direct costs have been allocated a¢ross a¢lMlie$ as follow5.. Raising fuThd$ Charitable actiMts-e$ l$eo note 71 (see not¥ 71 134,403 2,494,314 139.863 2,672.502 Totsl ¢)ther Dlmct Cr)sts (see nots 71 2,628.717 1812,365 Support C05t Analysls 2025 2024 Staff 5UPPOrt costs Financial adrnin & management costs General running & adminstration Rates & utilit8 Operating kase5 Computer & IT ctssts Tephone. postage & prin*"ng Yew Tree Build Training and other $tafF lated c0515 Marketing Depreciation Insuran Loan 1nleresl paltl Bank charges Sundry Gov&rnance (see note 9a) 474,833 541,405 33,608 855,6S2 49,286 186,790 26,086 152,533 fj0,114 93,075 736,189 140,662 367,159 33,513 4,474 123,059 525,074 461,225 32,198 538,389 49,091 137,422 28.184 105,079 74,503 124.518 602.831 174,038 253.536 97.132 14.482 212.073 Total Support cost8 Isee n¢)te 71 3,878,438 3,429.755 Support cost$ have been allorated on a staff cost basi5 to actwilie5 as follow$'. Raising funds charitab activities (see note 71 Isee not¢ 71 107.013 3,771.425 110.854 3.318.900 Total Support costs $ee note 71 3,878.438 3.429.755 Tha Christian conferen Ttust l Annu& Report and Financial Slaiements 2024125 Page 20
The Chrlstian Conference Trust Notes to the Financial Statements For the yèar èndgd 31st Octobor 2025 2025 2024 Governance c08ts staff & management costs Trus18es' expenses Board rneFnbers' liability insurance Legal and professional fees Auditorfs Remunerabon l$ee not¢ 101 31,590 4,737 3,902 45,103 37,727 52.861 4,280 4,871 119,330 30,730 Total Gov0rnart¢¢ costs Isee note 91 123,059 212,073 10 Net In¢ome for the yoar is ststed after ¢h3rging". 2025 2024 Oepreaation of owned assets Interest on bank loans and over¢*raft Operating aSe$ Auditors remuneration. - Current year fees.. External audit Prior year fee5". under I lover) accrual - Non audit sems." A¢¢ounts preparation - Non audit serVIs.. Tax rmplI8nCe- current year 736.189 602,831 253,536 49,091 367.159 49.286 28.875 3.122 4,300 1.430 25,275 4,095 1,360 Induded in audt0¢S remuneration 1$ £9.$00 mLgting le the cost of th& audit of the subsidiary12023124.. £9,000) and £3.180 relating to cost of non audit seivice812023124.. £3,0251'. these amounts have been induded in the Iradiny of the subsidiary. 11 Staff ¢osts and employee benefits- Group and Charity 2025 2024 Wag8s and salarvd Social securty costs Pension costs 4,135,523 377,518 204,698 3,495,278 253,708 169,861 4,717,737 3.918.847 Redundancy and ternination costs totallirvJ £9,2e8 are Included within $laff $ts reported above12024". £nill Slatt ¢o$ts have been albcated to actiwties a5 bebw. 2025 2024 Raising funds Charitable actiwties Support costs 40,561 3,671,904 1,005.272 45.237 2.869.263 1,004.347 4.717.737 3,918,847 JI 51aff are etnployed by the parent charitable wmpany. The Chnstvdn Conferenee Tru$t. 2025 2024 Average number of staff 226 232 The Chri8ban Conftrancè Tlusi l Arnnu Ret and Financial Statements 2024r25 Page 21
The Christian Confor•nco Trust Not&$ to the Financial Statements For the year ended 31st October 2025 11 Stsff costs and employee benofits- Group and Charity Icont.) Higher Paid Employee5 The number of employees whose emeluments. ex¢luding pension contributions and empknyers, national Insurance, but inclLkling taxable benefrts. were in ex¢ess of £60.000 in the year was as follows.. 2025 No 2024 £60,001- £70,LYJO £70.001- £80.000 £80.001 . £90.000 £110,IK)1 - £120,000 £120,LK>1 - £130,000 Key Management Personnel The key rnanagement personnel of th& Group are listed on page 2 and comprise those of the parent Charitab company. Chrislhqn Conference Trust and 1ts wholly owned trading subsidiary First Conferènts Estsle Ltd. The total iernuneralion lincluding pension contribution5 and employer&. natnal Insurancel of the key management personnel of the Charity for the year lotalkd £449,203123124' £414.8761. 11a Trustees. Remunoratlon 2025 2024 Pension to Michael Kinton. as a fomierexeculiv8 director of the subsk1iary 2.322 2,219 Other ihan the above, the trustee$ ceNe no MneratIon for their 5eNces but are reimbursed for their travel expens8s to Board meetings and sundry other e¥pense5 incurred. During the period end 31 October 2025 travelling and other expenses were reirnbursed totalling £4.73712023124. 14.2801 to 11 12023124. 101 tnjslees. Reimbursed expen5e5 of £733 are included within year end creditor$ per note 1512023124.. £Nill In addition. the group maintsins an insurance polio for its directors against liabiliti85 in relation lo the group. costing £3,90212023124'. £3.5801. Ilb £M0Ye# rotiremgnt bonefits The current pension $¢heme for staff is prinapally a Group Personal Pension plan with AVa. In additien to this pension$ are also made to elvjible fomier directors of First conferen Estate Ltd and their survwing spousas. Group and Charlty 2025 2024 Staff p8nsion costs Pensions to former directors of the sUbsl?ry 200,896 3,800 164.816 5,045 204,696 169.861 As at 31 October 2025, total pension contnbutions outstanding totalkd £21,35112024.. £19,074) and induded wthin year-end creditors as per note 15. The ¢hnsti8n Confwerte Twst l Annu Raport and Fifiancial Statements 2024125 Paye 22
The Christian Conferon¢g Trust Not9$ to th¢ Finan¢ial Statements For the yèar ended 31 st October 2025 12 Tanglble flxed assats AJI of the actiwbe5 undertaken by th6 charity fall within the exemptions granted to ¢hanbes by legislation. Assets Ct>Ltrse of ¢tsnstrurtion Group & Chorfty Land and Bullding8 Plant. Equlpment and Vehicles Totsl Cost 181 November2024 Additions Disposals 19,385,26S 7,730,484 322,583 27.115.748 2.608.916 110.0011 2.286,333 110,0011 At 31 Octobor 2025 19375264 2 286 333 8.053 067 29714663 Doprectatic 1st November 2024 Charge for year 5,315,197 382,191 6,141,636 353.997 11.456.833 736.188 At 31 October 2025 5 697 388 6 49S 633 12193021 Net book value At 31 October 2025 13,677,876 2,286,333 1,557.434 17,521,642 Al 31 Octobor 2024 14,070,068 1.588.848 1S,658.916 The L84 trt of Highgate House rests directwwilh Christian Conference Tru81 whilst the legal tIUe$ of Hh Lelgh and The Hayes rests with First Conference Estsle Limited with benefiual ownership belonging to ChrkStian conferen Trust Certain properbes were revalued in 1996 before being assigned over to The Chrisb"an conferen Trust on a 280 year lease al an annual rent of £1. effect¥¥ely a kjng 8$ehOld property whith wa5 prior lo the implementation of Financial Reporting Standard 15 Ilangible fixed asselsl- The charity does not revalue its fixed assets and otain$ Ihe book amounts On within th& Finanaal Statements. Land and BuildirvJs 2025 2024 At valuation- 1998 Addition5 at cost 2,719,999 18,941.597 2.719.999 16.665.266 21,661,$96 19,385,265 If stated under hkstori1 $t principks, the comparable amounts for the total freehold propety would be". Cost lo The Christian Conference Trust 21.476,045 15,591,772) 19.199.714 15.209.5811 Accumulated depreciation Historical cost net book value 15.884,274 13.990,133 12a Land and Bulldlngs compT18e th8 followlng.. Group 2025 Charlty 2025 2024 2024 Freeho Property Long kasehold prop8ty 21.661.596 19.385.265 3,360.000 16,015,264 3,370,001 16,015,264 21,661.596 19.385.265 19,375,264 19,385,265 The Christian Conference Tw5t l Anwal Report and Finanrial Statements 2024f25 Page
The Christian Conferencè Trust Not&s to the Financial Statements For the year ended 31$t O¢tob•r 2025 13 Inve$tmgnt in $ubsTrdiary Charlty 2025 2024 The ChTh8tian confene Trust has a wholty owned sUbsl8ry First conferen Eslale Ltd as detailed in Note 5a. The amount disclosed Is al cost. Investment in subsidiary Iwi5tralion number 001095881- Note 5a 110.358 110,358 14 Debtors due within one year Group 2025 Charlty 2025 2024 2024 Trade debtors knounts due from subsidiary undertaking Prepaymen15 accrued income 37,527 307,615 26.379 316.g70 322.852 304,825 635.072 367.782 322.852 367,782 360 379 675 397 666 201 1,307 479 Is Croditor5- amounts falling due wlthln one year Group 2025 Charity 2025 2024 2024 Trade creditors Loans payaNe l$ee note 171 Other laxabon and social 50uJrty VAT payab Other creditor5 Accrual$ Deposrts for fijlure cOnfen5 (see note 15al 469,408 90,350 77,015 256,022 21,650 823,535 489,757 55,334 65.745 516,702 22,503 369,216 458.473 90.350 77.015 197.151 21.663 809,423 2.834.042 475,364 55,334 65,745 404,203 22,503 357,242 3.203,760 2.502.679 2.132,936 4,941.740 4,021,936 4,488.117 3,S13.328 Isa Deposits forluture conferences Group Chartty 2025 2024 2025 2024 Brought forward Atnounts deferred in th8 year Amount$ released to income in the year 2,697,452 3,228,114 12,530,335) 1.607,366 1.537,566 1447,4811 2,289,969 2,679,667 11,965,192) 1.319,557 1,339,453 1369,0411 Balanc8 carried forward 3,395,231 2,697,452 3,004.444 2,289,969 Dep08its for futu confen$ indudes £191.47112023124.. £194,773) held by the group in respect of conferenc&s 8cheduled lo take place Tnore than one yearfrorn the baL8nc* sheet date. The Cbnsli¥ Conferewe Trust l Rewrt and FinanrAal Statwnenls 2024125 Page 24
The Christian Confgrgncg Trust Not8$ to tho Flnancial Statements For the year ended 31st October 2025 16 Creditors.. afflounts falling due after one year GroLbP 2025 Charfty 2025 2024 2024 D4osils for futu ¢onferentss (see note 15al Loans payable l$ee note 171 191.471 4.847.061 194,773 4,844,668 170.402 4.847,061 157,033 4,844,686 5.038.532 5,039,439 5,017,463 5,001,699 17 Ltsans payablo Charty Bank Loan- Interest on the loan is charged at 2.79% above base rate. Monthly interest payrnents commenced in Mar¢ 2024 and monthly capital commenced In March 2025. Afurther loan tolalling £94,900 was drawn down during the year to October 2025 on which monthty interest payrn8n15 commenced in Dècember 2024 and tspital repayrnent5 will commence in Dember 2025. Capital repayment$ a due as folknws". 2025 2024 0-1 year 2-5years S years + 90.350 429.612 4.417.449 55.334 393.821 4,450.845 4,937.411 4.900.000 The loan 15 58cured by a fixed anc5 floating charge over the a55et5 and undertakings of the ch8rity, ineludirrfJ propert$ Th8 Hayes Conference Centrè. Swamck. Derbyshits. HKJh Leigh H8rtfordshire, Highgate House Northants. Chri$iian conferen Tst l Annual Report and Financi statem1$ 2024125 Page 25
The Christian Conference Trust Notes to th8 Financial Stslgments For the year ended 31st October 2025 18 Reconclllatlon of movement in fund5 Y¢ar ¢ntW 31 October 2025 Grou Balance bm Income Expendlture Other gal & Transfers 8alan¢e df Uwèstridod Funds General In¢ome fund 10,151,643 9,838,818 110.032.0321 132.0371 9.928.390 Dosignated funds Bursary funds ReValUatn reserve 1,572 102,557 135.0551 36,873 14.6361 3,190 97.921 T¢)tal Unr8stricted Fund5 10.255.772 9.838,816 110,067,087) 10,027,$01 Restricted funds Kinton Hall Project Fund 1,198,271 1.551.000 1152.5331 2,S96,738 Total Restrlcted Fund$ 1,198,27f 1,551.000 1152.5331 2,596,738 Total Funds 11,454.043 11,389,616 110,219,820) 12,624.239 Chari Balance bll Income Expendlture Other galns & Balance clf Unrestricted Fun¢ts G&neral incotne fund 10.101.423 9.644,617 19,837,833) 132,0371 9,878,170 D05ignated tunds Butsary furid5 Revaluation resÈFve 1,572 102,557 135.0551 36,673 14.6361 3.190 97.921 Total Unrestrfcted Funds 10.205,552 9,644,617 19,872,888) 9.977,281 Restricted funds Kinton Hall Project Fund 1.198,271 1.551.000 1152,5331 2,596.738 Total R8Strlcted Funds 1.198,271 1,551,000 1152.5331 2.596,738 Totsl FuThJ$ 11.403.823 11,195.817 110,02S,4211 12.574,019 Butsary Fund5- unrestricted de8NJnaled bursary fund wa$ made availabk by the Trust to or9anisalKJns forthe support of individuals attending ¢onference5 at any of our centres who face financial disadvantage, with the amounl of bursary awarded beillg charged against the bursary fund once the coftlerence has tsken place. Hl0Cal, the bursary fund was maintsined by 5%-10% of EBITDA generated by the Twsl Ing allocated lo the fund each yèar, however, during the year to 31 October 2025. the Trustees made derySn lo close th& btsrsaryfund to focus investment on maintaining and improving the Tru51'5 venue5 for guests. WhiL%t the scheme c105ed to new applications from August 2025. all bursary grants awarded for futu events wll be honoured and as such arnounls lotalling £36.673 has been transferred from unrestricted general reserves. Revaluation reserve- Unreal&ed caprtal SLJrpluse$ and defi1$ arkEing Dn the revaluation of land and buildiro8 are taken to a fwed asset revaluation reserve. An annual amount, equivalent to the additional dppreciation on r8vdued assets, is transferred from the revaluation Serve fund t¢ the unre51ricted general income funcl. Klnton Hall Project Fund- Restrthd fund5 provided fer purpos8 of buihjing a new conference hall at Hh Leigh for which work5 commenced in 2025. The Chnslian COnferL¢eT1St l Annua RepOrtas Finano¥al Statemen15 2024r25 Pa9e 26
Tho Christian Conference Trust Notes to the Financial Statomants For the year 6ndod 31st Octobtrr 2025 188 COAIPARATIVE INFORMATION.. Reconciliatlon of movement In funds for Year ended 31 Octot4r 2024 Other gains & Transfers Gro Balance bff Incc*ne ExpenditUf• Balance clf Unrestricted Funds General Incotne fund 10.869,917 8.528,631 19.014,5261 132,3791 10,151,643 Doslgnatod funds Bursary funds ReValuatn res&rve 1.572 107.193 137,0151 37.015 14,6361 1.572 102,557 Total Unrestricted Funds 10.778,682 8,528.631 19.051.5411 10,255,772 Restrtctsd funds nton Hall Proie¢t Fund 1.303,350 1105,0791 1,198.271 Total Rostricted Funds 1,303,350 105,079 1,198,271 Total Funds 10,778.681 9 831,981 9,156,619 11.454.043 Chari Balon¢e bm Income Exp8ndlture Other 9alns & Transfers 8alan¢e CM Unrestricted Funds General Income fund 10.619,697 8,310.930 18,796,8251 132.3791 10.101.423 Deslgnoteil lun(ts Bursary fund5 RevaluatK>n re5etve 1,572 107,193 137,0151 37,015 14.8361 1,$72 102.557 Total Unrestriclod Fund5 10,728,462 8,310,930 18,833,840) 10,205.552 Restricted funds Kinton Hall Proje¢t Fund 1.303,350 1105.0791 1,198.271 Ttstal R05trict8d Funds 1.303,350 105,079 1,198,271 Total Funds 10,728.462 9,614.280 8938919 11,403,823 The Chn51ian ConferenGe Tru511 Annual Rewrt and FINqnCE Staiernents 2024tt5 Page 27
Tho Chrlstlart Conferen¢e Trust Notes to the Financial Statements For the year ond&d 31$t O¢tob•r 2025 19 Analysis of as58ts and liabilitles beeen tunts Unrestricted Fund Deslgnated Fund Rèstrltted Fund Tothi Grou Tangible fixed a$set$ Current assets Current liabilities Creditors due after ¢ne year 17.423,721 2.482,941 14.941,7401 15.038.532) 97,921 3,1go 17,521,642 5,082,869 14,941,740) 15,038.5321 2,596.738 Year endad 31 October 2025 9,926,390 101.111 1596,738 12.624,239 Tangible fixed assets Investment in subsidiary Current assets Current liabilities Creditors due after one year 17,423,721 110.358 1.847.871 14,488.1171 15,017.4831 97.921 17,521,642 110.358 4,447,599 14,488,117> 15,017,463> 3.190 2,596.738 Yoar ended 31 October 2025 9,876,171 101.111 2.596.738 12,574.020 Unwtrlcted Fund Doignated Fund Restrlctsd Fund Total Grou 2024 com ar Tangible fixed assets Current assets 15,5S6.359 3.856,859 14.021,9361 15.039,4391 102,557 1,572 15,658.9t6 4.65fj,2 14,021,9361 15,039.4391 1,198,271 CltlS due alter one year Year ended 31 0¢tobor 2024 10,151.643 104,129 1,198,271 11,454,r143 Charl 2024 com ratlve Tangib fixed a$$el$ Investment in subsidiary Current assets Crnt liabilrties Creditors due after one year 1S,556,359 110,358 2.949.733 13.513.328) 15.001,6991 102.557 15.658.916 110.358 4,149,$76 13,513,328) 15.001,6991 1,S72 1,198,271 At 31 October 2024 10,101,422 104,129 1,198.271 11,403,823 Tha Chrisiwi Conference Trust l Annual Report and Finan¢i* Statements 2024125 Page 28
The Christian Conferenc• Trust Notes to the Financial Statements For the year ended 31st October 2025 20 Capital commitmerts Group and Charity 2025 2024 Contracted for but not prowded Authonsed but not yet ¢onttacted 937,902 2.300.000 Capital commitments reported rebte to building a new conference hall at Htqh Leh, 'Kinton Hall,. which is expected to be cornpleted in 202S. 21 Operotlng leJs Operailng lea. Lessor The group Lgases fami land and surplus bu1ng areas to third parties under operating ase arrangements. The total minimum rental income receivab under non-cancellabl& operating leases for property are as follows". Gfftu Building 2025 Bullding 2024 Within a year 8,800 8.8LIO 8,800 Op&ratln9 lease- Le558e Total future minimum lease payments under non4an¢ellabl8 OWmting18a5es are as folbws.. Grou and charl Conference Equipment 2025 V8hlcles Totsl Totsl 2025 2025 2024 Within a year Two to five years 14.175 18,1 16,436 3,442 30,611 21,597 64.105 74.535 32,330 19,877 52,207 138,640 Related party tronsa¢tlons The Christian Conference TfU5t has a owned sub$idiary. First Conference Estsle Ltd. The trading actwitS of the company are set oijt in Note 5. The amounts due to the subsidiary are disdosed in Note 1512023124. due from subsidiary as tliscbsed in Note 141. During Ihe year a management charge of £1,133.67812023124 £1.310,4061 was made from the Trust to the subsidiary company. There were no other lated party Ir¥Dsaclions during the year12023124'. none) 23 Reconclllation of net Income to net cagh flows provide¢J by operating activiti8S 2025 2024 Operating activities Net Income for the year 1,170,196 875,381 Adjustments for.. Interest payabb on bank and other loans Interest receivable epreeialion and deficit on disposal of tangib assets Iln¢rea5el in Stock Decrease I Ilncreasèl in debtors Increase in creditor5 367.159 1127.9951 736.188 16.8551 315,018 879,331 253,536 131,4981 602,831 113,2541 170.5641 1,372,330 Net cash provided by operatlng actlvltles 3,333.242 2.788,740 Thtr Chnstsan Conftren¢è Trust l Annual Report and FiTranrJal Statements 2024125 Payt 29
Thg Christian Conferon¢e Trust Notes to the Financial Statements For the year andod 31$t O¢tob¢r 2025 COMPARATIVE INFORMATION.. CONSOLIDATED STATEMENT OF FINANcL ACTIWTIES FOR YEAR ENDED 31st OCTOBER 2024 Unr85tricted Funds Restrictsd Fund5 Total 2024 Total 2023 Income from.. Donations Chantable a¢tivifje$ other trading adniltles Investment income Is.000 6.723.990 1.758.1d3 31.498 1,303.350 1,318,350 6,723.990 1,758,143 31,498 5.872.fj87 1,907,817 Totsl Income 8.528.631 1.303.350 9,831.981 7.780,504 Expendiiure on Raising funds Ongoing Charitable activities 295,954 8,755.587 295,9S4 8,860,666 295,413 7.249,609 105.079 Tt)tsl exndItre 9,051.541 105.079 9,156,620 7,545,022 Notln¢om• I IExpfyndltstr•l fortho r b6lortr transle 1522,9101 1,198.2T1 675,361 235,482 TnSfer$ bee&n funds Nèt movemont in lund$ 1522,9101 1.198.271 675,361 235,482 Reconclllatlon of funds Fund$ brought forward 10.778.e82 10.778.e82 10,543.200 Totsl tunds carrled fovward 10.25S,772 1.198.271 11.454,043 10.778.682 The Statement of finanaal activities Indude8 all gain$ and lo$$trs rewnk%ed in the year. l income and expenditu derive5 frun continuing aclivilies. The Christian Contsrance Twst l Report and Financia statents 2024125 Page 30