**Registered number: 5328511 Charity number: 1107956** 

## **REVIVAL CHURCH EUROPE** 

**(A company limited by guarantee)** 

**TRUSTEES' REPORT AND FINANCIAL STATEMENTS** 

**FOR THE PERIOD ENDED 31 AUGUST 2025** 



## **REVIVAL CHURCH EUROPE** 

## **(A company limited by guarantee)** 

## **CONTENTS** 

||Page|
|---|---|
|**Reference and administrative details of the Company, its Trustees and advisers**|1|
|**Trustees' report**|2 - 5|
|**Independent auditors' report on the financial statements**|6 - 9|
|**Statement of financial activities**|10|
|**Balance sheet**|11 - 12|
|**Statement of cash flows**|13|
|**Notes to the financial statements**|14 - 33|





## **REVIVAL CHURCH EUROPE** 

## **(A company limited by guarantee)** 

## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 31 AUGUST 2025** 

## **Trustees** 

A Gava (resigned 7 February 2025) 

N Heyneke 

I Marais 

R Harmse 

D Takacs 

T De Villiers (appointed 6 March 2025) 

S Stirling (appointed 7 March 2025) 

## **Company registered number** 

5328511 

## **Charity registered number** 

1107956 

## **Registered office** 

Field House Ford Hill Little Hadham Ware SG11 2AZ 

## **Independent auditors** 

Baldwin Scofield Limited Chartered Accountants Statutory Auditors 3 Newhouse Business Centre Old Crawley Road Horsham West Sussex RH12 4RU 

## **Bankers** 

HSBC 191 High Road Loughton Essex IG10 4LN 

Page 1 



## **REVIVAL CHURCH EUROPE** 

## **(A company limited by guarantee)** 

## **TRUSTEES' REPORT FOR THE PERIOD ENDED 31 AUGUST 2025** 

The Trustees present their annual report together with the audited financial statements of the Company for the period 1 July 2024 to 31 August 2025. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). 

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted. 

## **Objectives and activities** 

##  **Policies and objectives** 

The company is constituted under a Memorandum of Association dated 10 January 2005 and is a registered charity number 1107956. 

- The principal objects of the company are to advance the Christian faith in particular but not exclusively by: - the establishment of Christian fellowship meetings; 

- the establishment of Christian teaching classes and distribution of Christian teaching material; 

- the promotion of Christian Evangelistic events and literature; 

- the promotion and support of international Christian ministries and events; and 

- the production and distribution of creative Christian media. 

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. 

Page 2 



**REVIVAL CHURCH EUROPE** 

## **(A company limited by guarantee)** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2025** 

## **Achievements and performance** 

##  **Review of activities** 

During the year under review the church continued to host Sunday celebration services, weekly homecell and prayer meetings, trainings and community outreach for the benefit of the members of the church and local communities in and around all CRC locations in England. The church currently has 8 campuses. 

The church hosted its first 3-day ‘Encounter’ conference in June 2025 in the Copperbox Arena in Stratford. The conference is a UK-wide church event to empower believers, unite churches, and give people the opportunity to come into a relationship with God. The conference greatly impacted the lives of the thousands of people in attendance. 

‘Encounter’ evening events were also held at current campuses and in new areas to reach local communities and also at the various churches planted by CRC London in the UK and Europe to expand their work. 

In March 2025, CRC Lisbon was planted in Portugal which is the church’s fifth church plant. The church financially supported CRC Lisbon on a monthly basis and also continued with support to Pastors of CRC Churches in India and Pakistan throughout the financial period. 

The ‘Church and Jewish Relations’ annual one day conference held July 2025 with international speakers was hosted with the purpose to educate and unite believers in support of God's purpose for Israel. The church continued to financially support other charities with similar causes and individuals working in Israel. 

## **CRC Cares’ Social Justice initiatives** 

The London to Lisbon cycle tour in July 2025 raised over £50k for the anti-human trafficking charity, Hope of Justice. 

The church’s annual ‘Bags of Love' campaign has grown over the years and this year, over the festive period, 8,500 signature red bags were gifted to prisoners across 12 facilities around the UK. 

- In addition to the above, further donations were made towards other missions with similar causes including: •  Anti-human trafficking campaigns and feeding schemes; and 

- Clothing donated to missionaries in Nigeria. 

## **Financial review** 

##  **Going concern** 

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. 

##  **Reserves policy** 

The directors have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and level of financial commitments held. The directors aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The directors will endeavour not to set aside funds unnecessarily. 

Page 3 



**REVIVAL CHURCH EUROPE** 

## **(A company limited by guarantee)** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2025** 

##  **Principal risks and uncertainties** 

The Trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. 

##  **Principal funding** 

The church’s main source of income remains donations from church members. Income increased by 26% with expenses increasing by 39% resulting in a net deficit before exceptional items of £198,458 (2024: net surplus £140,095). 

Total reserves stood at £2,080,419 (2024: £2,278,877) at 31 August 2025 of which £1,153,863 (2024: £1,287,257) were unrestricted funds. 

## **Structure, governance and management** 

##  **Constitution** 

Revival Church Europe is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association. 

##  **Methods of appointment or election of Trustees** 

The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association. 

##  **Policies adopted for the induction and training of Trustees** 

The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association. 

Page 4 



**REVIVAL CHURCH EUROPE** 

## **(A company limited by guarantee)** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 AUGUST 2025** 

## **Statement of Trustees' responsibilities** 

The Trustees (who are also the directors of the Company for the purposes of company law) 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). 

Company law requires the Trustees to prepare financial statements for each financial period. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, 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 of the Charities SORP (FRS 102); 

- make judgments and accounting estimates that are reasonable and prudent; 

- state whether applicable UK Accounting Standards (FRS 102) 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 Company will continue in business. 

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

## **Disclosure of information to auditors** 

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that: 

- so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are unaware, and 

- that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charity's auditors are aware of that information. 

## **Auditors** 

The auditors, Baldwin Scofield Limited, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees. 

Approved by order of the members of the board of Trustees on 26 June 2026 and signed on their behalf by: 

## **N Heyneke** 

Page 5 



**REVIVAL CHURCH EUROPE** 

## **(A company limited by guarantee)** 

## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF  REVIVAL CHURCH EUROPE** 

## **Opinion** 

We have audited the financial statements of Revival Church Europe (the 'charitable company') for the period ended 31 August 2025 which comprise the Statement of financial activities, the Balance sheet, 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 charitable company's affairs as at 31 August 2025 and of its incoming resources and application of resources, including its income and expenditure for the period then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- 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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 charitable company'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. 

Page 6 



**REVIVAL CHURCH EUROPE** 

**(A company limited by guarantee)** 

## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF  REVIVAL CHURCH EUROPE (CONTINUED)** 

## **Other information** 

The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The Trustees are responsible for the other information contained within the Annual report. 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. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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** 

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: 

- the information given in the Trustees' report is inconsistent in any material respect with the financial statements; 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 received all the information and explanations we require for our audit. 

## **Responsibilities of trustees** 

As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) 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 the Trustees 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 charitable company'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 charitable company or to cease operations, or have no realistic alternative but to do so. 

Page 7 



**REVIVAL CHURCH EUROPE** 

## **(A company limited by guarantee)** 

## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF  REVIVAL CHURCH EUROPE (CONTINUED)** 

## **Auditors' 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 the Act and relevant regulations made or having effect thereunder. 

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 Auditors' 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 design 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: 

We obtained an understanding of the legal and regulatory frameworks that are applicable to the charitable company and determined that the most significant are those that relate to the reporting framework in conformity with the requirements of the Companies Act 2006 and Charities Act 2011 and the relevant direct and indirect tax compliance regulations in the United Kingdom. 

We understood how the charitable company is complying with those frameworks by making enquiries of management to understand how the charitable company maintains and communicates its policies and procedures in these areas and corroborated this by reviewing supporting documentation and minutes of meetings of those charged with governance. 

We assessed the susceptibility of the charity’s financial statements to material misstatement, including how fraud might occur by considering the risk of management override to be a fraud risk. In addition, we considered the risk of management override by sampling from the entire population of journals, identifying specific transactions which did not meet our expectations based on specific criteria and investigated these to gain an understanding and then agree back to source documentation. 

Based on this understanding we designed our audit procedures to identify noncompliance with such laws and regulations. Our procedures involved verifying that material transactions were recorded in compliance with Financial Reporting Standards in conformity with the requirements of the Companies Act 2006 and Charities Act 2011. 

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 Auditors' report. 

Page 8 



## **REVIVAL CHURCH EUROPE** 

## **(A company limited by guarantee)** 

## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF  REVIVAL CHURCH EUROPE (CONTINUED)** 

## **Use of our report** 

This report is made solely to the charitable company'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 charitable company's trustees those matters we are required to state to them in an Auditors' 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 charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed. 

## **Baldwin Scofield Limited** 

Chartered Accountants Statutory Auditors 3 Newhouse Business Centre Old Crawley Road Horsham West Sussex RH12 4RU 26 June 2026 

Baldwin Scofield Limited are eligible to act as auditors in terms of section 1212 of the Companies Act 2006. 

Page 9 



## **REVIVAL CHURCH EUROPE** 

## **(A company limited by guarantee)** 

## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE PERIOD ENDED 31 AUGUST 2025** 

|**Note**<br>**Income from:**<br>Donations and legacies<br>3<br>Charitable activities<br>4<br>Other trading activities<br>5<br>Investments<br>6<br>**Total income**<br>**Expenditure on:**<br>Raising funds<br>Charitable activities<br>7<br>**Total expenditure**<br>**Net (expenditure)/income before net**<br>**gains on investments**<br>Net gains on investments<br>**Net movement in funds before other**<br>**recognised gains/(losses)**<br>**Other recognised gains/(losses):**<br>Exceptional items<br>**Net movement in funds**<br>**Reconciliation of funds:**<br>Total funds brought forward<br>Net movement in funds<br>**Total funds carried forward**|**Unrestricted**<br>**funds**<br>**14 months**<br>**ended**<br>**31 August**<br>**2025**<br>**£**<br>**2,813,620**<br>**259,811**<br>**67,394**<br>**36,416**<br>**3,177,241**<br>**64,110**<br>**3,270,210**<br>**3,334,320**<br>**(157,079)**<br>**23,685**<br>**(133,394)**<br>**-**<br>**(133,394)**<br>**1,287,257**<br>**(133,394)**<br>**1,153,863**|**Restricted**<br>**funds**<br>**14 months**<br>**ended**<br>**31 August**<br>**2025**<br>**£**<br>**626,464**<br>**-**<br>**-**<br>**-**<br>**626,464**<br>**-**<br>**691,528**<br>**691,528**<br>**(65,064)**<br>**-**<br>**(65,064)**<br>**-**<br>**(65,064)**<br>**991,620**<br>**(65,064)**<br>**926,556**|**Total**<br>**funds**<br>**14 months**<br>**ended**<br>**31 August**<br>**2025**<br>**£**<br>**3,440,084**<br>**259,811**<br>**67,394**<br>**36,416**<br>**3,803,705**<br>**64,110**<br>**3,961,738**<br>**4,025,848**<br>**(222,143)**<br>**23,685**<br>**(198,458)**<br>**-**<br>**(198,458)**<br>**2,278,877**<br>**(198,458)**<br>**2,080,419**|_Total_<br>_funds_<br>_12 months_<br>_ended_<br>_30 June_<br>_2024_<br>_£_<br>_2,888,870_<br>_70,479_<br>_35,299_<br>_18,681_<br>_3,013,329_<br>_20,511_<br>_2,865,201_<br>_2,885,712_<br>_127,617_<br>_12,478_<br>_140,095_<br>_(288,000)_<br>_(147,905)_<br>_2,426,782_<br>_(147,905)_<br>_2,278,877_|
|---|---|---|---|---|



The Statement of financial activities includes all gains and losses recognised in the period. 

The notes on pages 14 to 33 form part of these financial statements. 

Page 10 



## **REVIVAL CHURCH EUROPE (A company limited by guarantee) REGISTERED NUMBER: 5328511** 

## **BALANCE SHEET AS AT 31 AUGUST 2025** 

|**Note**<br>**Fixed assets**<br>Tangible assets<br>13<br>Investments<br>14<br>**Current assets**<br>Debtors<br>15<br>Investments<br>16<br>Cash at bank and in hand<br>**Current liabilities**<br>Creditors: amounts falling due within one<br>year<br>17<br>**Net current assets**<br>**Total assets less current liabilities**<br>Creditors: amounts falling due after more<br>than one year<br>18<br>**Total net assets**<br>**Charity funds**<br>Restricted funds<br>20<br>Unrestricted funds<br>20<br>**Total funds**|**125,800**<br>**100,159**<br>**409,385**<br>**635,344**<br>**(409,587)**|**31 August**<br>**2025**<br>**£**<br>**3,134,511**<br>**300**<br>**3,134,811**<br>**225,757**<br>**3,360,568**<br>**(1,280,149)**<br>**2,080,419**<br>**926,556**<br>**1,153,863**<br>**2,080,419**|_202,041_<br>_66,109_<br>_446,027_<br>_714,177_<br>_(262,374)_|_30 June_<br>_2024_<br>_£_<br>_3,138,954_<br>_300_<br>_3,139,254_<br>_451,803_<br>_3,591,057_<br>_(1,312,180)_<br>_2,278,877_<br>_991,620_<br>_1,287,257_<br>_2,278,877_|
|---|---|---|---|---|



The entity was entitled to exemption from audit under section 477 of the Companies Act 2006. 

The members have not required the entity to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006. 

However, an audit is required in accordance with section 144 of the Charities Act 2011. 

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. 

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. 

Page 11 



## **REVIVAL CHURCH EUROPE (A company limited by guarantee) REGISTERED NUMBER: 5328511** 

# **BALANCE SHEET (CONTINUED) AS AT 31 AUGUST 2025** 

The financial statements were approved and authorised for issue by the Trustees on 26 June 2026 and signed on their behalf by: 

## **N Heyneke** 

The notes on pages 14 to 33 form part of these financial statements. 

Page 12 



## **REVIVAL CHURCH EUROPE** 

## **(A company limited by guarantee)** 

## **STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31 AUGUST 2025** 

|**Cash flows from operating activities**<br>Net cash used in operating activities<br>**Cash flows from investing activities**<br>Proceeds from the sale of tangible fixed assets<br>Purchase of tangible fixed assets<br>Purchase of investments<br>**Net cash used in investing activities**<br>**Cash flows from financing activities**<br>Net cash movement in loan accounts<br>**Net cash (used in)/provided by financing activities**<br>**Change in cash and cash equivalents in the period**<br>Cash and cash equivalents at the beginning of the period<br>Change in cash and cash equivalents due to exchange rate movements<br>**Cash and cash equivalents at the end of the period**|**14 months**<br>**ended**<br>**31 August**<br>**2025**<br>**£**<br>**158,896**<br>**-**<br>**(173,556)**<br>**(9,936)**<br>**(183,492)**<br>**(28,400)**<br>**(28,400)**<br>**(52,996)**<br>**437,060**<br>**-**<br>**384,064**|_12 months_<br>_ended_<br>_30 June_<br>_2024_<br>_£_<br>_295,816_<br>_115,500_<br>_(644,111)_<br>_-_<br>**(528,611)**<br>_284,842_<br>**284,842**<br>**52,047**<br>_386,011_<br>_(998)_<br>_437,060_|
|---|---|---|



The notes on pages 14 to 33 form part of these financial statements 

Page 13 



**REVIVAL CHURCH EUROPE** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025** 

## **1. General information** 

Revival Church Europe is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association. 

## **2. Accounting policies** 

## **2.1 Basis of preparation of financial statements** 

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. 

Revival Church Europe meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 

## **2.2 Income** 

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. 

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. 

## **2.3 Expenditure** 

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. 

Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading. 

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs. 

All expenditure is inclusive of irrecoverable VAT. 

Page 14 



**REVIVAL CHURCH EUROPE** 

**(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025** 

## **2. Accounting policies (continued)** 

## **2.4 Tangible fixed assets and depreciation** 

Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. 

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. 

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis. 

Depreciation is provided on the following bases: 

- Freehold property 2% straight line - Short-term leasehold property Over the remaining term of the lease - Plant and machinery 25% reducing balance Motor vehicles - 25% reducing balance - Fixtures and fittings 10% reducing balance - Computer equipment 33% reducing balance Other fixed assets - 25% straight line 

## **2.5 Investments** 

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities. 

Investments in subsidiaries are valued at cost less provision for impairment. 

## **2.6 Debtors** 

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 

## **2.7 Cash at bank and in hand** 

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 

Page 15 



**REVIVAL CHURCH EUROPE** 

**(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025** 

## **2. Accounting policies (continued)** 

## **2.8 Liabilities and provisions** 

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. 

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. 

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. 

## **2.9 Financial instruments** 

The Company 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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 

## **2.10 Finance leases and hire purchase** 

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Company. Obligations under such agreements are included in creditors, net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Statement of financial activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. 

## **2.11 Pensions** 

The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the period. 

## **2.12 Fund accounting** 

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes. 

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. 

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. 

Investment income, gains and losses are allocated to the appropriate fund. 

Page 16 



## **REVIVAL CHURCH EUROPE** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025** 

## **3. Income from donations and legacies** 

|**Unrestricted**<br>**funds**<br>**14 months**<br>**ended**<br>**31 August**<br>**2025**<br>**£**<br>Donations<br>2,779,390<br>Similar incoming resources<br>34,230<br>2,813,620<br>_Total 2024_<br>_2,274,864_|**Restricted**<br>**funds**<br>**14 months**<br>**ended**<br>**31 August**<br>**2025**<br>**£**<br>626,464<br>-<br>626,464<br>_614,006_|**Total**<br>**funds**<br>**14 months**<br>**ended**<br>**31 August**<br>**2025**<br>**£**<br>**3,405,854**<br>**34,230**<br>**3,440,084**<br>_2,888,870_|_Total_<br>_funds_<br>_12 months_<br>_ended_<br>_30 June_<br>_2024_<br>_£_<br>_2,856,322_<br>_32,548_|
|---|---|---|---|
||||_2,888,870_|
|||||



## **4. Income from charitable activities** 

|**Unrestricted**<br>**funds**<br>**14 months**<br>**ended**<br>**31 August**<br>**2025**<br>**£**<br>Income from charitable activities<br>259,811<br>_Total 2024_<br>_46,979_|**Restricted**<br>**funds**<br>**14 months**<br>**ended**<br>**31 August**<br>**2025**<br>**£**<br>-<br>_23,500_|**Total**<br>**funds**<br>**14 months**<br>**ended**<br>**31 August**<br>**2025**<br>**£**<br>**259,811**<br>_70,479_|_Total_<br>_funds_<br>_12 months_<br>_ended_<br>_30 June_<br>_2024_<br>_£_<br>_70,479_|
|---|---|---|---|
|||||



## **5. Income from other trading activities** 

Page 17 



**REVIVAL CHURCH EUROPE** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025** 

**5. Income from other trading activities (continued)** 

## **Income from non charitable trading activities** 

|**Unrestricted**<br>**funds**<br>**14 months**<br>**ended**<br>**31 August**<br>**2025**<br>**£**<br>Trading income - charity shop<br>67,394<br>_Total 2024_<br>_35,299_|**Total**<br>**funds**<br>**14 months**<br>**ended**<br>**31 August**<br>**2025**<br>**£**<br>**67,394**<br>_35,299_|_Total_<br>_funds_<br>_12 months_<br>_ended_<br>_30 June_<br>_2024_<br>_£_<br>_35,299_|
|---|---|---|
||||



## **6. Investment income** 

|**Unrestricted**<br>**funds**<br>**14 months**<br>**ended**<br>**31 August**<br>**2025**<br>**£**<br>Rental income<br>36,416<br>_Total 2024_<br>_18,681_|**Total**<br>**funds**<br>**14 months**<br>**ended**<br>**31 August**<br>**2025**<br>**£**<br>**36,416**<br>_18,681_|_Total_<br>_funds_<br>_12 months_<br>_ended_<br>_30 June_<br>_2024_<br>_£_<br>_18,681_|
|---|---|---|
||||



Page 18 



## **REVIVAL CHURCH EUROPE** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025** 

## **7. Analysis of expenditure on charitable activities** 

## **Summary by fund type** 

|**Unrestricted**<br>**funds**<br>**14 months**<br>**ended**<br>**31 August**<br>**2025**<br>**£**<br>Direct costs of charitable activities<br>3,270,210<br>_Total 2024_<br>_2,356,775_|**Restricted**<br>**funds**<br>**14 months**<br>**ended**<br>**31 August**<br>**2025**<br>**£**<br>691,528<br>_508,426_|**Total**<br>**14 months**<br>**ended**<br>**31 August**<br>**2025**<br>**£**<br>**3,961,738**<br>_2,865,201_|_Total_<br>_12 months_<br>_ended_<br>_30 June_<br>_2024_<br>_£_<br>_2,865,201_|
|---|---|---|---|
|||||



## **8. Analysis of expenditure by activities** 

|Direct costs of charitable activities<br>_Total 2024_|**Activities**<br>**undertaken**<br>**directly**<br>**14 months**<br>**ended**<br>**31 August**<br>**2025**<br>**£**<br>3,951,538<br>_2,855,301_|**Support**<br>**costs**<br>**14 months**<br>**ended**<br>**31 August**<br>**2025**<br>**£**<br>10,200<br>_9,900_|**Total**<br>**funds**<br>**14 months**<br>**ended**<br>**31 August**<br>**2025**<br>**£**<br>**3,961,738**<br>_2,865,201_|_Total_<br>_funds_<br>_12 months_<br>_ended_<br>_30 June_<br>_2024_<br>_£_<br>_2,865,201_|
|---|---|---|---|---|
||||||



Page 19 



## **REVIVAL CHURCH EUROPE** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025** 

## **8. Analysis of expenditure by activities (continued)** 

## **Analysis of direct costs** 

|Staff costs<br>Depreciation<br>Bible school expenses<br>Conferences, events and seminars<br>Gifts and donations<br>Professional fees<br>Materials and equipment<br>Premises costs<br>Mortgage interest<br>Support church plant<br>Support other ministries<br>Travelling and subsistence<br>Venue hire<br>Communications<br>Bank charges<br>Accounting and legal fees<br>Hospitality<br>Miscellaneous<br>**9.**<br>**Auditors' remuneration**<br>Fees payable to the Company's auditor for the audit of the Company's<br>annual accounts|**Total**<br>**funds**<br>**14 months**<br>**ended**<br>**31 August**<br>**2025**<br>**£**<br>**1,301,760**<br>**177,997**<br>**5,741**<br>**759,273**<br>**166,372**<br>**115,822**<br>**84,258**<br>**224,257**<br>**135,510**<br>**124,966**<br>**40,491**<br>**216,892**<br>**530,234**<br>**38,245**<br>**7,896**<br>**3,285**<br>**8,334**<br>**10,205**<br>**3,951,538**<br>**14 months**<br>**ended**<br>**31 August**<br>**2025**<br>**£**<br>**11,550**|_Total_<br>_funds_<br>_12 months_<br>_ended_<br>_30 June_<br>_2024_<br>_£_<br>_1,110,469_<br>_158,350_<br>_3,919_<br>_211,717_<br>_160,565_<br>_30,037_<br>_81,327_<br>_227,662_<br>_105,935_<br>_66,935_<br>_30,095_<br>_181,373_<br>_437,831_<br>_30,974_<br>_5,211_<br>_5,993_<br>_4,451_<br>_2,457_|
|---|---|---|
|||_2,855,301_|
|||_12 months_<br>_ended_<br>_30 June_<br>_2024_<br>_£_<br>_11,000_|



Page 20 



**REVIVAL CHURCH EUROPE** 

**(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025** 

## **10. Staff costs** 

|Wages and salaries<br>Social security costs<br>Contribution to defined contribution pension schemes|**14 months**<br>**ended**<br>**31 August**<br>**2025**<br>**£**<br>**1,181,738**<br>**94,332**<br>**25,690**<br>**1,301,760**|_12 months_<br>_ended_<br>_30 June_<br>_2024_<br>_£_<br>_1,006,869_<br>_81,618_<br>_21,982_|
|---|---|---|
||||
|||_1,110,469_|



Included in the wages and salaries figure above is a sum of £188,092 (2024: £135,793) paid to selfemployed contractors who provide their services to the charity. 

The average number of persons employed by the Company during the period was as follows: 

|Activities in furtherance of organisation's objectives<br>Management and administration|**14 months**<br>**ended**<br>**31 August**<br>**2025**<br>**No.**<br>**20**<br>**13**<br>**33**|_12 months_<br>_ended_<br>_30 June_<br>_2024_<br>_No._<br>_17_<br>_16_|
|---|---|---|
||||
|||_33_|



The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: 

||**14 months**|_12 months_|
|---|---|---|
||**ended**|_ended_|
||**31 August**|_30 June_|
||**2025**|_2024_|
||**No.**|_No._|
|In the band £70,001 - £80,000|**-**|_1_|
|In the band £90,001 - £100,000|**1**|_-_|
|In the band £170,001 - £180,000|**-**|_1_|
|In the band £180,001 - £190,000|**1**|_-_|



Page 21 



**REVIVAL CHURCH EUROPE** 

**(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025** 

## **11. Trustees' remuneration and expenses** 

During the period, one or more Trustees has been paid remuneration or has received other benefits from an employment with the Company. The remuneration of Trustees employed as pastors of the charity is permitted under clause 7 of the Articles of Association. The church provides manse accomodation to the senior pastor and his family and is included under other benefits. The value of Trustees' remuneration and other benefits was as follows: 

|||**14 months**|_12 months_|
|---|---|---|---|
|||**ended**|_ended_|
|||**31 August**|_30 June_|
|||**2025**|_2024_|
|||**£**|_£_|
|I Marais|Remuneration (incl. K Marais)|**139,521**|_138,347_|
||Pension contributions paid|**3,570**|_2,881_|
||Other benefits|**46,183**|_39,778_|
|N Heyneke|Remuneration|**63,950**|_55,947_|
||Pension contributions paid|**747**|_1,428_|
||Other benefits|**26,845**|_14,752_|



During the period ended 31 August 2025, expenses totalling _£_ 50,924 were reimbursed or paid directly to 2 Trustees _(2024 - £23,273 to_ 2 Trustees). 

## **12. Exceptional items** 

During the year ending 30 June 2024, management assessed the recoverability of a prepayment made in 2016/17 in respect of planning contributions paid as advance rent towards a proposed landmark development. Given the significant lapse of time, changes in the development project, delays due to COVID-19, and lack of concrete progress, the entity no longer considers it probable that economic benefits will flow from this arrangement. As such, an impairment of £288,000 was recognised in the statement of financial activities in that year. 

During the current year, management has reassessed this position and noted that there have been no changes in circumstances that would warrant a reversal of the impairment. The provision therefore remains in place at the reporting date. 

Page 22 



## **REVIVAL CHURCH EUROPE** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025** 

## **13. Tangible fixed assets** 

|**Cost or valuation**<br>At 1 July 2024<br>Additions<br>Disposals<br>At 31 August 2025<br>**Depreciation**<br>At 1 July 2024<br>Charge for the period<br>On disposals<br>At 31 August 2025<br>**Net book value**<br>At 31 August 2025<br>_At 30 June 2024_|**Freehold**<br>**property**<br>**£**<br>**2,832,057**<br>**110,928**<br>**-**<br>**2,942,985**<br>**124,349**<br>**65,770**<br>**-**<br>**190,119**<br>**2,752,866**<br>_2,707,708_|**Short-term**<br>**leasehold**<br>**property**<br>**£**<br>**18,204**<br>**-**<br>**(18,204)**<br>**-**<br>**18,204**<br>**-**<br>**(18,204)**<br>**-**<br>**-**<br>_-_|**Plant and**<br>**machinery**<br>**£**<br>**1,057,438**<br>**59,129**<br>**-**<br>**1,116,567**<br>**841,461**<br>**80,244**<br>**-**<br>**921,705**<br>**194,862**<br>_215,977_|**Motor**<br>**vehicles**<br>**£**<br>**35,015**<br>**-**<br>**-**<br>**35,015**<br>**10,662**<br>**7,104**<br>**-**<br>**17,766**<br>**17,249**<br>_24,353_|**Fixtures and**<br>**fittings**<br>**£**<br>**306,256**<br>**-**<br>**-**<br>**306,256**<br>**119,593**<br>**21,865**<br>**-**<br>**141,458**<br>**164,798**<br>_186,663_|**Computer**<br>**equipment**<br>**£**<br>**51,137**<br>**3,499**<br>**-**<br>**54,636**<br>**46,886**<br>**3,014**<br>**-**<br>**49,900**<br>**4,736**<br>_4,251_|**Other fixed**<br>**assets**<br>**£**<br>**21,047**<br>**-**<br>**-**<br>**21,047**<br>**21,047**<br>**-**<br>**-**<br>**21,047**<br>**-**<br>_-_|**Total**<br>**£**<br>**4,321,154**<br>**173,556**<br>**(18,204)**<br>**4,476,506**<br>**1,182,202**<br>**177,997**<br>**(18,204)**<br>**1,341,995**<br>**3,134,511**<br>_3,138,952_|
|---|---|---|---|---|---|---|---|---|



Page 23 



**REVIVAL CHURCH EUROPE** 

**(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025** 

## **13. Tangible fixed assets (continued)** 

The charity purchased freehold property amounting to £998,000 during the 2022 financial year for the use of the senior pastor as a manse. The property at Willow Farm, Chevening Road, Chipstead, Sevenoaks, Kent TN13 2SB, is security for the mortgage the details of which are set out in note 19. The charity has spent considerable funds refurbishing and adapting the property to be suitable for use by the church and the pastor, the costs of which have been included in additions to freehold property. 

The charity purchased a manse for the use of a campus pastor during the 2023 financial year at 5 The Pantiles, Nightingale Lane, Sevenoaks, TN14 6BX for the sum of £565,000. A mortgage was obtained for the purchase which is secured on those premises as more fully disclosed in note 19. 

During the 2024 financial year, the charity acquired an additional freehold property, namely the Former Curzon Cinema. The property, located at Princess Road, Urmston, Manchester was purchased for £490,000 and is not subject to any mortgage or other security. Costs incurred in refurbishing and adapting the property for its intended use have been included in additions to freehold property during the 2024 financial year. 

## **14. Fixed asset investments** 

|**Cost or valuation**<br>At 1 July 2024<br>At 31 August 2025<br>**Net book value**<br>At 31 August 2025<br>_At 30 June 2024_|**Investments**<br>**in**<br>**subsidiary**<br>**companies**<br>**£**<br>**300**|
|---|---|
||**300**|
||**300**|
||_300_|



Page 24 



**(A company limited by guarantee)** 

## **REVIVAL CHURCH EUROPE** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025** 

## **14. Fixed asset investments (continued)** 

## **Principal subsidiaries** 

The following were subsidiary undertakings of the Company: 

|**Names**|**Company**|**Registered office or principal**|**Principal activity**|**Class of**|**Holding**|**Included in**|
|---|---|---|---|---|---|---|
||**number**|**place of business**||**shares**||**consolidation**|
|Soul Productions Ltd|08510025|37 Waveney Drive, Springfield,|IT Services|Ordinary|100%|Yes|
|||Chelmsford, CM1 7PC|||||
|Mend Limited|08509910|37 Waveney Drive, Springfield,|Construction and|Ordinary|100%|Yes|
|||Chelmsford, CM1 7PC|maintenance||||
|ACTS Accounting Services Ltd|08510045|37 Waveney Drive, Springfield,|Bookkeeping services|Ordinary|100%|Yes|
|||Chelmsford, CM1 7PC|||||



The financial results of the subsidiaries for the period were: 

|**Names**|**Income**|**Expenditure**|**Profit/(Loss)**|**Net assets**|
|---|---|---|---|---|
||**£**|**£**|**/ Surplus/**|**£**|
||||**(Deficit) for**||
||||**the period**||
||||**£**||
|Soul Productions Ltd|**-**|**-**|**-**|**(10,997)**|
|Mend Limited|**63,112**|**(64,344)**|**(1,232)**|**(14,923)**|
|ACTS Accounting Services Ltd|**3,579**|**(3,579)**|**-**|**100**|



Page 25 



## **REVIVAL CHURCH EUROPE** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025** 

## **15. Debtors** 

|**Due within one year**<br>Trade debtors<br>Amounts owed by group undertakings<br>Other debtors<br>Prepayments and accrued income<br>Tax recoverable<br>**16.**<br>**Current asset investments**<br>Unlisted investments|**31 August**<br>**2025**<br>**£**<br>**17,306**<br>**51,367**<br>**24,209**<br>**-**<br>**32,918**<br>**125,800**<br>**31 August**<br>**2025**<br>**£**<br>**100,159**|_30 June_<br>_2024_<br>_£_<br>_26,296_<br>_51,455_<br>_60,455_<br>_12,268_<br>_51,567_|
|---|---|---|
||||
|||_202,041_|
|||_30 June_<br>_2024_<br>_£_<br>_66,109_|



Page 26 



## **REVIVAL CHURCH EUROPE** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025** 

## **17. Creditors: Amounts falling due within one year** 

|Credit cards<br>Bank loans<br>Trade creditors<br>Amounts owed to group undertakings<br>Other taxation and social security<br>Obligations under finance lease and hire purchase contracts<br>Pension fund loan payable<br>Other creditors<br>Accruals and deferred income<br>**Creditors: Amounts falling due after more than one year**<br>Bank loans<br>Net obligations under finance lease and hire purchase contracts<br>Included within the above are amounts falling due as follows:<br>**Between one and two years**<br>Bank loans<br>**Between two and five years**<br>Bank loans<br>**Over five years**<br>Bank loans|**31 August**<br>**2025**<br>**£**<br>**25,321**<br>**19,989**<br>**124,083**<br>**106,047**<br>**36,561**<br>**5,068**<br>**3,183**<br>**4,796**<br>**84,539**<br>**409,587**<br>**31 August**<br>**2025**<br>**£**<br>**1,266,178**<br>**13,971**<br>**1,280,149**<br>**31 August**<br>**2025**<br>**£**<br>**19,989**<br>**59,968**<br>**1,186,221**|_30 June_<br>_2024_<br>_£_<br>_8,967_<br>_16,910_<br>_84,386_<br>_28,515_<br>_36,734_<br>_4,516_<br>_3,996_<br>_3,448_<br>_74,902_|
|---|---|---|
||||
|||_262,374_|
|||_30 June_<br>_2024_<br>_£_<br>_1,292,344_<br>_19,836_|
||||
|||_1,312,180_|
|||_30 June_<br>_2024_<br>_£_<br>_16,910_|
|||_50,730_|
|||_1,224,704_|



## **18. Creditors: Amounts falling due after more than one year** 

Page 27 



## **REVIVAL CHURCH EUROPE** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025** 

The aggregate amount of liabilities payable or repayable wholly or in part more than five years after the reporting date is: 

|Payable or repayable by instalments|**31 August**<br>**2025**<br>**£**<br>**1,186,221**<br>**1,186,221**|_30 June_<br>_2024_<br>_£_<br>_1,224,704_|
|---|---|---|
||||
|||_1,224,704_|



The mortgage has a term of 25 years and attracts interest at 3.67% over base rate. During the financial year ending 30 June 2024 an additional mortgage of £250,000 was also acquired. These 2 mortgages totalling £897,060 (2024: £913,321), as included in creditors, are secured on the charity's property Willow Farm, Chevening Road, Chipstead, Sevenoaks, Kent TN13 2SB, which was purchased on 1 March 2021 for £998,000. 

There are also two mortgages, totalling £389,106 (2024: £395,933), included in creditors for the purchase of the property at 5 The Pantiles, Nightingale Lane, Sevenoaks, TN14 6BX upon which the mortgages are secured. The fixed rate mortgage for a sum of £203,000 has a term of 25 years and bears interest of 7.88% all in. The other mortgage for £203,000 for a term of 25 years bears a variable interest at a rate of 4.05% + base rate which was 1.36% at inception of the loan. 

## **19. Financial instruments** 

||**31 August**|_30 June_|
|---|---|---|
||**2025**|_2024_|
||**£**|_£_|
|**Financial assets**|||
|Financial assets measured at fair value through income and expenditure|**509,544**|_512,136_|



Financial assets measured at fair value through income and expenditure comprise funds held in bank accounts and current asset investments. 

Page 28 



**REVIVAL CHURCH EUROPE** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025** 

## **20. Statement of funds** 

## **Statement of funds - current period** 

|**Unrestricted funds**<br>**Designated funds**<br>Training centre fund<br>**General funds**<br>General fund<br>**Total Unrestricted funds**<br>**Restricted funds**<br>Builders club fund<br>Media fund<br>**Total of funds**|**Balance at 1**<br>**July 2024**<br>**£**<br>**57,103**<br>**1,230,154**<br>**1,287,257**<br>**977,048**<br>**14,572**<br>**991,620**<br>**2,278,877**|**Income**<br>**£**<br>**28,722**<br>**3,148,519**<br>**3,177,241**<br>**626,464**<br>**-**<br>**626,464**<br>**3,803,705**|**Expenditure**<br>**£**<br>**(19,174)**<br>**(3,315,146)**<br>**(3,334,320)**<br>**(691,528)**<br>**-**<br>**(691,528)**<br>**(4,025,848)**|**Gains/**<br>**(Losses)**<br>**£**<br>**-**<br>**23,685**<br>**23,685**<br>**-**<br>**-**<br>**-**<br>**23,685**|**Balance at**<br>**31 August**<br>**2025**<br>**£**<br>**66,651**|
|---|---|---|---|---|---|
||||||**1,087,212**|
||||||**1,153,863**|
||||||**911,984**<br>**14,572**|
||||||**926,556**|
||||||**2,080,419**|



Page 29 



## **REVIVAL CHURCH EUROPE** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025** 

## **20. Statement of funds (continued) Statement of funds - prior period** 

|**Unrestricted funds**<br>**Designated funds**<br>Training centre fund<br>**General funds**<br>General fund<br>**Total Unrestricted funds**<br>**Restricted funds**<br>Builders club fund<br>Media fund<br>**Total of funds**|_Balance at_<br>_1 July 2023_<br>_£_<br>_53,242_<br>_1,192,951_<br>_1,246,193_<br>_1,166,017_<br>_14,572_<br>_1,180,589_<br>_2,426,782_|_Income_<br>_£_<br>_12,446_<br>_2,393,426_<br>_2,405,872_<br>_607,457_<br>_-_<br>_607,457_<br>_3,013,329_|_Expenditure_<br>_£_<br>_(8,585)_<br>_(2,368,701)_<br>_(2,377,286)_<br>_(508,426)_<br>_-_<br>_(508,426)_<br>_(2,885,712)_|_Gains/_<br>_(Losses)_<br>_£_<br>_-_<br>_12,478_<br>_12,478_<br>_(288,000)_<br>_-_<br>_(288,000)_<br>_(275,522)_|_Balance at_<br>_30 June_<br>_2024_<br>_£_<br>_57,103_|
|---|---|---|---|---|---|
||||||_1,230,154_|
||||||_1,287,257_|
||||||_977,048_<br>_14,572_|
||||||_991,620_|
||||||_2,278,877_|



## **21. Summary of funds Summary of funds - current period** 

|Designated funds<br>General funds<br>Restricted funds|**Balance at 1**<br>**July 2024**<br>**£**<br>**57,103**<br>**1,230,154**<br>**991,620**<br>**2,278,877**|**Income**<br>**£**<br>**28,722**<br>**3,148,519**<br>**626,464**<br>**3,803,705**|**Expenditure**<br>**£**<br>**(19,174)**<br>**(3,315,146)**<br>**(691,528)**<br>**(4,025,848)**|**Gains/**<br>**(Losses)**<br>**£**<br>**-**<br>**23,685**<br>**-**<br>**23,685**|**Balance at**<br>**31 August**<br>**2025**<br>**£**<br>**66,651**<br>**1,087,212**<br>**926,556**|
|---|---|---|---|---|---|
||||||**2,080,419**|



Page 30 



## **REVIVAL CHURCH EUROPE** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025** 

## **21. Summary of funds (continued)** 

## **Summary of funds - prior period** 

|Designated funds<br>General funds<br>Restricted funds|_Balance at_<br>_1 July 2023_<br>_£_<br>_53,242_<br>_1,192,951_<br>_1,180,589_<br>_2,426,782_|_Income_<br>_£_<br>_12,446_<br>_2,393,426_<br>_607,457_<br>_3,013,329_|_Expenditure_<br>_£_<br>_(8,585)_<br>_(2,368,701)_<br>_(508,426)_<br>_(2,885,712)_|_Gains/_<br>_(Losses)_<br>_£_<br>_-_<br>_12,478_<br>_(288,000)_<br>_(275,522)_|_Balance at_<br>_30 June_<br>_2024_<br>_£_<br>_57,103_<br>_1,230,154_<br>_991,620_|
|---|---|---|---|---|---|
||||||_2,278,877_|



## **22. Analysis of net assets between funds** 

## **Analysis of net assets between funds - current period** 

|**Unrestricted**<br>**funds**<br>**31 August**<br>**2025**<br>**£**<br>Tangible fixed assets<br>942,332<br>Fixed asset investments<br>300<br>Current assets<br>610,258<br>Creditors due within one year<br>(385,055)<br>Creditors due in more than one year<br>(13,972)<br>**Total**<br>1,153,863|**Restricted**<br>**funds**<br>**31 August**<br>**2025**<br>**£**<br>2,192,179<br>-<br>25,086<br>(24,532)<br>(1,266,177)<br>926,556|**Total**<br>**funds**<br>**31 August**<br>**2025**<br>**£**<br>**3,134,511**<br>**300**<br>**635,344**<br>**(409,587)**<br>**(1,280,149)**|
|---|---|---|
|||**2,080,419**|



## **Analysis of net assets between funds - prior period** 

|Tangible fixed assets<br>Fixed asset investments<br>Current assets<br>Creditors due within one year<br>Creditors due in more than one year<br>**Total**|_Unrestricted_<br>_funds_<br>_30 June_<br>_2024_<br>_£_<br>_838,080_<br>_300_<br>_714,177_<br>_(245,464)_<br>_(19,836)_<br>_1,287,257_|_Restricted_<br>_funds_<br>_30 June_<br>_2024_<br>_£_<br>_2,300,874_<br>_-_<br>_-_<br>_(16,910)_<br>_(1,292,344)_<br>_991,620_|_Total_<br>_funds_<br>_30 June_<br>_2024_<br>_£_<br>_3,138,954_<br>_300_<br>_714,177_<br>_(262,374)_<br>_(1,312,180)_|
|---|---|---|---|
||||_2,278,877_|



Page 31 



## **REVIVAL CHURCH EUROPE** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025** 

## **23. Reconciliation of net movement in funds to net cash flow from operating activities** 

|Net income/expenditure for the period (as per Statement of Financial<br>Activities)<br>**Adjustments for:**<br>Depreciation charges<br>(Gains)/losses on investments<br>Loss/(profit) on the sale of fixed assets<br>Decrease/(increase) in debtors<br>Increase in creditors<br>**Net cash provided by operating activities**<br>**Analysis of cash and cash equivalents**<br>Cash in hand<br>Credit card facility repayable on demand<br>**Total cash and cash equivalents**|**14 months**<br>**ended**<br>**31 August**<br>**2025**<br>**£**<br>**(198,458)**<br>**177,997**<br>**(24,114)**<br>**-**<br>**76,241**<br>**127,230**<br>**158,896**<br>**31 August**<br>**2025**<br>**£**<br>**409,385**<br>**(25,321)**<br>**384,064**|_12 months_<br>_ended_<br>_30 June_<br>_2024_<br>_£_<br>_140,095_<br>_159,350_<br>_-_<br>_(23,500)_<br>_(32,966)_<br>_52,837_<br>_295,816_<br>_30 June_<br>_2024_<br>_£_<br>_446,027_<br>_(8,967)_<br>_437,060_|
|---|---|---|



## **24. Analysis of cash and cash equivalents** 

Page 32 



## **REVIVAL CHURCH EUROPE** 

## **(A company limited by guarantee)** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2025** 

## **25. Analysis of changes in net debt** 

|Cash at bank and in hand<br>Credit cards repayable on demand<br>Debt due within 1 year<br>Debt due after 1 year<br>Finance leases<br>Liquid investments|**At 1 July**<br>**2024**<br>**£**<br>**446,027**<br>**(8,967)**<br>**(20,906)**<br>**(1,292,344)**<br>**(24,352)**<br>**66,109**<br>**(834,433)**|**Cash flows**<br>**At 31**<br>**August 2025**<br>**£**<br>**£**<br>**(36,642)**<br>**409,385**<br>**(16,354)**<br>**(25,321)**<br>**(2,266)**<br>**(23,172)**<br>**26,166**<br>**(1,266,178)**<br>**5,313**<br>**(19,039)**<br>**34,050**<br>**100,159**<br>**10,267**<br>**(824,166)**|
|---|---|---|



## **26. Pension commitments** 

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £25,690 (2024: £21,982) Contributions amounting to £3,183 (2024: £3,996) were payable to the fund at the balance sheet date and are included in creditors. 

## **27. Finance lease commitments** 

The finance lease has a term of 6 years and attracts interest at 9.93%. The finance lease is secured on the vehicle acquired by the lease, which was purchased in January 2024 for £30,350. 

## **28. Related party transactions** 

Two trustees, I Marais (together with his wife) and N Heyneke are remunerated by the charity for their work as pastors in the church. Their remuneration is disclosed in note 11. 

Page 33