OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-09-30-accounts

ESSENTIAL CHRISTIAN

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Company Number: 06667924 Charity Number: 1126997

ESSENTIAL CHRISTIAN

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Contents Page
Introduction from the Chair 1
Report of the Directors 2-12
Report of the Independent Auditors 13-15
Consolidated Statement of Financial Activities 16
Consolidated Balance Sheet 17
Company Balance Sheet 18
Consolidated Cash Flow Statement 19
Notes to the Accounts 20-31
Extra-statutory information
Company Statement of Financial Activities 32
Ministry Impact Report Appendix

ESSENTIAL CHRISTIAN

REPORT OF THE DIRECTORS

Introduction from the Chair of Essential Christian

Essential Christian has continued to innovate and expand its ministry impact in 2024, building on the strong foundations of previous years. Spring Harvest was once again a remarkable success across both sites, with record attendance and a significant milestone—the introduction of livestreaming into UK prisons. For the first time, 65,000 prisoners had the opportunity to engage with the teaching and worship at Spring Harvest, free of charge. This pioneering initiative has been a powerful demonstration of our commitment to reaching people in all contexts with the hope of the gospel. The digital space has been another area of significant development.

MySpringHarvest reached 8,000 users, broadening its impact, while the team successfully developed the tiered subscription model for MySpringHarvestPlus as a minimum viable product, laying the groundwork for further digital engagement and sustainability.

In our resources, we created our first audiobook, which fed into our desire to work purposefully in the area of additional needs and serve those for whom this product opens up their ability to embrace ministry and the work of Spring Harvest.

Similarly, we were blessed by new donors who helped us juggle the ministry we deliver alongside the costs it takes to make it happen, which are over and above the ticket prices we feel we can charge. A match-funded offering in 2024 significantly elevated generosity among our guests, inspiring them to give more as a result.

Our song publishing arm, Song Solutions, also experienced growth, with an increase in signed songs aimed at equipping the church and supporting songwriters in both the worship and mainstream music sectors. Many of these artists see their music as a missionary tool, reaching beyond traditional church settings to inspire faith in new ways.

In the Essential Event Management (EEM) sector, our work in event partnerships and logistics saw continued momentum. Existing relationships were strengthened, and new clients came on board in 2024. The expertise and dedication of the EEM team have been instrumental in serving the wider Spring Harvest vision and enabling other Christian organisations to deliver their events effectively.

Throughout these advancements, we have remained committed to our mission of gathering the church, growing faith, and seeing transformation in society. The ministry impact remains at the heart of everything we do, and we continue to explore new opportunities for innovation, collaboration, and outreach.

Of course, none of this would be possible without our dedicated staff team, our extended family of partners, and the unwavering support of the Board. Their commitment and passion drive this ministry forward, and for that, I express my deepest gratitude.

Above all, we do this to glorify God, trusting Him to lead us as we step into the future with faith, vision, and a continued desire to serve the church and wider community.

Martin Young June 2025

Page 1

REPORT OF THE DIRECTORS (continued)

ESSENTIAL CHRISTIAN

The Directors have pleasure in submitting their report together with the audited group financial statements for the year 1 October 2023 to 30 September 2024 which have been prepared in accordance with the current statutory requirements, the company’s memorandum and articles of association and the Statement of Recommended Practice (Charities SORP (FRS 102)) and Financial Reporting Standard 102 (FRS 102).

Reference and Administrative Details

Charity Number 1126997
Company Number 06667924
Principal / Registered Office 14 Horsted Square
Uckfield
East Sussex TN22 1QG
Bankers Lloyds Bank plc
8 High Street
Lewes
East Sussex
BN7 2AD
Solicitors Anthony Collins Solicitors LLP
134 Edmund Street
Birmingham
B3 2ES
Auditors Xeinadin Audit Limited
5 Robin Hood Lane
Sutton
Surrey
SM1 2SW

Page 2

ESSENTIAL CHRISTIAN

REPORT OF THE DIRECTORS (continued)

Directors

The directors who held office during the year and up to the date of signing were as follows:

Non-executive directors

Ms Olivia Amartey Ms Tania Bright Mr David Dorricott Ms Elaine Duncan Mr Hugh Francis Ms Debra Green OBE Rev Christopher Rogers Mr Martin Young Chair

Chief Executive

Mr Phil Loose

Ethos

Essential Christian is a Christian organisation. Its reason for existence and ongoing ethos is to serve Jesus Christ and represent Jesus Christ and his teaching to the world. This service is undertaken through delivering the objectives and activities of the Charity for the public benefit.

Objectives and Activities

The object of the charity is to advance the Christian faith throughout the world and to do so principally, but not exclusively by:

The charity seeks to promote Christian faith and teaching, discipling, and evangelism, and to contribute to the quality of life of individuals and families, whether they are currently engaged with the Christian church or on a personal spiritual journey.

The strategies employed to achieve the company’s objectives for the year included:

Page 3

ESSENTIAL CHRISTIAN

REPORT OF THE DIRECTORS (continued)

Public Benefit

The directors are aware of their responsibility to ensure that the charity provides public benefit. Essential Christian aims to equip and enable the Church and her members through providing events and resources. Accordingly, the activities provide spiritual benefit to many people, assist churches to serve their communities, and help schools with collective worship.

Essential Christian:

Spring Harvest Home (our online event) offers a low-cost way to engage with the event. Discounts and grants are available to assist people experiencing financial hardship to attend the Spring Harvest event. It also streams for free into many prisons around the UK.

Structure, Governance & Management

Governing Document

The organisation is a charitable company limited by guarantee, incorporated in England and Wales on 8 August 2008 and registered as a charity on 28 November 2008. The company is governed by its Memorandum and Articles of Association. There are currently 8 members and Directors of the company.

Board of Directors

The Board carries the legal and financial responsibility for the charity and establishes the vision and mission while monitoring its activities and policies. The Board met 7 times over the year. In addition, there is a Finance Committee made up of between two and four Board members, the CEO and three other staff members.

Directors have a wide knowledge of the beneficiary and potential beneficiary group served by the charity. All Directors are invited to nominate new Directors, having regard to the skills, experience or representation identified as being required at the time. Suggestions may also be sought from others who know the charity well. Full discussion takes place on each of the nominees before an appointment is made.

The Board of Directors is satisfied that both the legal and financial needs of the company are well served by its current professional advisors.

A register of interests is held on the Directors and is updated annually.

Directors’ Induction and Training

New Directors often come with extensive experience on the boards of other charities or businesses and are familiar with Essential Christian having participated in one or more of its activities. Most new Directors come with a high level of awareness of the company’s objectives, structures, and operational activities.

New Directors are supplied with the Memorandum and Articles of Association, current minutes and recent financial reports, and the statement of Beliefs, Purpose, and Values. They are also directed to the current Charity Commission publications for new trustees.

Before attending their first Directors’ meeting the Chief Executive and/or the Chair will seek to meet the new Director to answer any questions they may have. Where appropriate, additional induction and meetings with other Directors and staff will be provided.

Page 4

ESSENTIAL CHRISTIAN

REPORT OF THE DIRECTORS (continued)

Structure

The charity operates under brands to distinguish its activities.

● Big Start Assemblies

● EC-GO (Essential Christian – GO!)

● Essential Event Management

● Spring Harvest Holidays

In furtherance of its activities Essential Christian has two wholly owned subsidiaries: Song Solutions Ltd, which in turn owns Copycare Pacific Pty Ltd, which undertakes copyright administration; and Daybreak Music Ltd, which owns several copyrights.

Further details are given in Note 10 to the financial statements.

Management & Staffing

The Chief Executive appointed by the Board is responsible for the day-to-day operations of the charity and has delegated authority for operational matters, including day-to-day finance, communications, and business development. In addition, the Chief Executive is responsible for recruiting the staff team and ensuring that there are the skills and expertise needed to run the charity. The charity is well served by a highly motivated staff team, which includes some recent appointments alongside experienced individuals on the senior team.

The key management personnel of the charity are the chief executive and directors listed on page 3. All non-executive directors give of their time freely and no director received any remuneration in the year for being a director. Payments are sometimes made for additional services. Details of directors’ payments, expenses and related party transactions are disclosed in Notes 7.3 and 21 to the financial statements. The pay of the Chief Executive and other staff is reviewed annually.

Page 5

REPORT OF THE DIRECTORS (continued)

ESSENTIAL CHRISTIAN

The Spring Harvest event programme is devised by a Planning Group, which reports to the Board, and which prayerfully considers the event programme and its delivery every year. The Group includes two Board members and several others who together bring theological and leadership skills. Membership changes periodically so that the group is refreshed from time to time. Whenever possible, the group is drawn from across the denominations of the church to reflect the needs of the whole church in the UK.

Risk Management

The Directors have a risk management strategy which comprises:-

Based on this risk review, the Directors consider the highest risks, and how they may be mitigated, to be:-

Achievements and Performance

Essential Christian’s activities fall into three broad categories: Conference and Event Ministry, Ministry Resources, and Grant-making.

(1) Conferences and Event Ministry

This includes Spring Harvest, Spring Harvest Holidays and activities undertaken by Essential Event Management on behalf of other organisations.

● Spring Harvest 2024 was called “Up and Alive’ and was hosted at Butlins in Skegness and Minehead.

We explored what it means to live the life we have been made for, truly embracing the call to be ‘Up and Alive.’ Ephesians 4:1 urges us to, ‘live a life worthy of the calling [we] have received.’ But what does it really mean? Digging into the book of Ephesians as a whole, we’ll discover that we can:

More than 12,000 people attended in person, including team members and day visitors. Both resorts were full. Others engaged online in their homes or watched in one of the prisons where the event was available for the first time.

The range of large venues on the resorts makes it possible to run several programmes simultaneously. Ageappropriate programmes in several age groups were held for under 18s alongside the programme for adults which included two Bible studies on each of the full days offering different approaches and three evening Celebrations, as well as theme sessions, a range of seminars and workshops, matinee performances and evening entertainment. All age groups addressed the same core theme, adapted appropriately, so when back in their family or church group they can share what has been learnt.

Page 6

ESSENTIAL CHRISTIAN

REPORT OF THE DIRECTORS (continued)

Mornings began with an all-age, dynamic ‘Big Start’, was held in the updated Studio 36 at Skegness and a 2,300 seater temporary structure at Minehead. For adults this was followed by the main Bible teaching and then sessions covering the key themes as well as Parenting, Mental Health, and a specific programme from Count Everyone In for those families living with disabilities. We continued our work with Alpha sessions where people could ask questions like “Why am I here?”, “Where am I heading?” and “Who is Jesus?” and explore the historical evidence for who Jesus is and how the Holy Spirit fits into the picture. There was also a dedicated creative space for those children and their families who did not want to attend groups as well as those who enjoyed a more creative approach. Alongside the seminars and workshops there was a comprehensive, family focused sports programme each afternoon. In the evenings there were celebrations for corporate worship and teaching. For guests who did not want to attend a session, perhaps while they looked after small children, the main meetings could be accessed in guest accommodation online through the digital event programme and in some chalets through the internal TV system.

The event was made accessible to guests with disabilities through the provision of BSL signing, speech to text, loop systems, braille, and large print material. Multi-sensory areas were available in children's and youth venues. An experienced disability co-ordinator was available at each location to handle questions which may arise on a one-to-one basis. A stream for adults with learning disabilities was organised in conjunction with the charity Count Everyone In .

A highly skilled and experienced pastoral team was available at each event to meet with individuals. This team also served as the prayer ministry team after the evening celebrations for guests who requested prayer.

Spring Harvest is only able to run because many people give their time freely to assist in many ways and we are very grateful for their support. To deliver the event, over 800 team members were recruited, the majority being volunteers. Because there are children and vulnerable adults at the event, a system is in place to make appropriate checks with the Disclosure and Barring Service and to take up references on team members.

Guests gave £209,000 to the main Offering appeal. Of this, a tithe of 10% went towards a Seed Fund for new projects across the UK (see below) and 90% was to support Essential Christian’s ministries, including the Everyone In fund which provides discounts and bursaries to help people on low incomes to attend Spring Harvest. A further £2,100 was given in the Youth and Children’s Offerings for the Everyone In fund. Details of restricted funds are given in Notes 15 and 19 to the financial statements.

In 2024 we were honoured to be able to match fund the offering through a generous donor, who themselves wanted to inspire generosity in others. This is one of the reasons why we believe we had an increased main offering.

Spring Harvest is passionate about making spaces where all ages can encounter Jesus and be equipped for life with him. Our events and resources, in-person and online, help all people meet with God and be empowered for the spiritual adventure they’ve been called to live. It encourages those who attend or who watch in their homes to live as disciples of Jesus Christ. So far as we are aware, over six hundred young people across all age groups chose to become disciples this is alongside decisions made by those over 21. Many positive comments were received from guests including:-

“I was very blessed to connect with friends and get some respite and rich teaching and worship and prayer to replenish my low reserves.”

“Amazing to witness someone being healed and getting up from their wheelchair!”

“Having prayed hard at Spring Harvest, no miracle cure happened. But I did come home feeling spiritually uplifted and in a better frame of mind to live with this condition while I await healing.”

“The dark cloud that had been hanging over me had lifted, there was a new lightness in my heart that has remained since then. My circumstances haven’t changed much (although my sleep has improved) but I can honestly say that I feel I’ve got God’s smile back.”“I am going home not angry but completely refreshed, in less pain, having slept, and more on fire for God, like I used to be!”

Page 7

ESSENTIAL CHRISTIAN

REPORT OF THE DIRECTORS (continued)

“I can’t describe in words how positively this has influenced my person, but I know that without what I experienced within that space, I would not to this day feel so incredibly rich in spirit and God’s love.”

“My highlight of the week has to be Cris Roger’s Bible study and teaching, it was vibrant and alive, as well as being incredibly accessible.”

Spring Harvest Home

This was online from Skegness in 2024 and reached over a thousand homes. Content came from Studio 36 to include Big Start, Bible teaching and the evening Celebrations as well as live interviews with various invited guests across the week. Live chat was available throughout the week that allowed a community to form. People were able to make prayer requests that were responded to by prayer pastors in the chat.

Prisons

In 2024 Spring Harvest continued their partnership with Prison Chaplaincy UK and WayOut TV, an in-cell broadcasting station, available in 68 prisons. The evening Celebration from Studio 36 was broadcast live, available in 65,000 prison cells across the country. Thousands of prisoners engaged, and some wrote in to WayOut TV to say thank you and ask for it to be repeated. Prison Fellowship provided a 24-hour prayer request answerphone for all prisoners and Spring Harvest worked closely with prison chaplains to build follow up discipleship resources.

MySpringHarvest

MySpringHarvest is where Spring Harvest is resourcing the church all year round, equipping and resourcing Christians across the UK and beyond. With MySpringHarvest you have access to articles, podcasts, videos, songs and much more. All guests must do is sign up for free and then they receive articles straight to their inbox. At our event each year, MySpringHarvest changes to become the online programme and place to access all that is going on within the resort. It acts like an ‘app’ but is a website, which makes it more cost effective for us to develop and manage. In 2024 this grew to over 8,500 users, showing an annual net growth rate of 40%.

● Spring Harvest Holidays

The 2024 summer season saw 4,864 individuals come to LPO. Many of these people stayed for more than one week.

The offices of Spring Harvest Holidays are situated within Essential Christian’s premises and during the year the charity provided administrative and management assistance, the costs of which were reimbursed under a management agreement between the charity and Spring Harvest Holidays Ltd.

● Event Services

Through Essential Event Management the charity assisted many other agencies to run their events both online and in-person. Online provision included event platforms, technical support, working with the client to create the user interface and experience, and providing ticketing and registration facilities. For physical events, our services included full event management, venue research and procurement, technical provision, logistics, health and safety, and CAD drawings to facilitate event planning.

Organisations assisted included Open Doors, Care for The Family, Trussell Trust, Commission Festival, SPCK, Divine Renovation UK (a new client for 2024) as well as significant work for Spring Harvest and the new SH Carol Service at Westminster Chapel

In 2024 we continued to see an increase in physical event enquiries. This was encouraging for us as we look for this area of work to develop a surplus to provide support for our other ministry growth areas.

Page 8

ESSENTIAL CHRISTIAN

REPORT OF THE DIRECTORS (continued)

(2) Ministry Resources

This includes activities undertaken through the Essential Christian and Song Solutions brands in creating audio, video and print media, making these available to purchasers, and in copyright administration and royalty collection.

Spring Harvest 2024 worship was recorded and made available across all digital platforms. The songs were released over a period of months and saw very good engagement. Digital streaming of back catalogue songs grew and, in part, replaced lost revenue from physical product sales. We now see the release of music as part of our marketing strategy too – and in 2024 began utilising Spotify advertising to encourage people who love our recordings to come to Spring Harvest.

Alongside this, a new label imprint was started called Seachange. This has already started to sign some new writers to it under a charitable intent and a new innovative model.

Our partnership with SPCK enabled resources for Spring Harvest which were once again our main theme book, our workbook for small groups and the second kids annual called ‘Big Start Annual 2’. We saw significant sales of these at our event, and we have some options now for the future as new markets are there for us to reach out to, including Amazon, where we have potential to grow as well as find new publishers who can innovate in this space.

● Spoken Word

Our work in recording other people’s spoken word has declined, although we still offer it as a service. However, the innovation of our EC-GO talks platform was developed in 2024 ready for launch at the 2025 event and updated to be called MySpringHarvestPLUS through selling recurring subscriptions at Spring Harvest.

Recordings were also made available in 2024 in USB format for those who want something physical, and we saw strong sales of these once again. Our work on YouTube and growth there helped us to promote more ‘Legendary Talks’ as well as showcase some of our Podcasts.

The essentialchristianstore.com website was strategically renamed to springharveststore.com, which operates in partnership with St Andrew’s Bookshop and carries a range of music, DVDs, Bibles, books, church resources and Christian gifts. Sales also took place through Christian bookshops and other online retailers. This online store gives Essential Christian a small commission on all sales whether they are published by us or not.

● USB Duplication

We still see some demand for USB talks at Spring Harvest and the team delivered these through the year.

● Copyrights administration

Under Song Solutions (Copycare) Essential Christian administers over 150,000 songs globally from its own office and through franchise partners around the world. This has potential to increase through securing new administration catalogues of Christian music.

Song Solutions (Daybreak) saw growth again in its catalogue of songs where the charity owns the copyright, and this includes a large selection of children’s songs which are used in school assemblies. Our new Seachange model continued to be adopted by invited writers, and we saw many new songs released in the course of the year.

During the course of the year we signed directly with USA PRO’s to enable us to collect directly following Music Services decision to pull out of our agreement as they were purchased by SESAC. We can now sign directly in the US and this should enable us to grow.

● Big Start Assemblies

Page 9

ESSENTIAL CHRISTIAN

REPORT OF THE DIRECTORS (continued)

and trusts continue. There are 124 assemblies available, and work continues to promote and market Big Start Assemblies to teachers, head teachers and schools.

(3) Grants and Grant making

Funds for grant making came from the generosity of guests at the Spring Harvest events who support the annual appeals, from guests at Spring Harvest Holidays and from donations received from new Grant Making Trusts as a result of our request. Details of restricted funds and grants are given in Notes 15 and 19 to the financial statements. Organisations receiving grants are asked to submit written or video reports on the use of the funds within a year.

The charity‘s policy is to channel funds available from the tithe of the Spring Harvest Offering to projects relevant to the teaching theme for the year. Guests were invited to submit proposals for seed funding to start projects which would prioritise the next generation or to demonstrate practical love and service, which were then considered against criteria. In 2024, we reported back on 8 community projects that were successful in applying for funding during the previous year. Grants ranged from £1,000 to £2,500.

Gifts given through the Partnership Scheme and from the not-tithed portion of the offering supported Essential Christian and Spring Harvest, including the ‘Everyone In’ fund. This helped over 700 people with discounts and bursaries so that individuals and families on low incomes could come to Spring Harvest.

Money given by guests at Spring Harvest Holidays was distributed via Spring Harvest Holidays Ltd to organisations in France, to sponsor those volunteering at Le Pas Opton and to provide bursary support to some families and individuals.

Financial Review

Overall, there was a small overall deficit of £37,000, although the addition of a new Restricted Fund for Inclusivity resulted in an increase of Restricted Funds of £22,000

The charity’s main sources of income are from its charitable activities and from donations. Donations are very important, particularly to support the Spring Harvest event and to provide the ‘Everyone In’ fund for people on low incomes to attend. The Board and staff are grateful to Spring Harvest guests who gave to the Offering and to supporters who gave regularly through the year. Together they donated over £385,000 in the year and they make a significant contribution to maintaining Spring Harvest into the future. The Board is also grateful for other donations from individuals and trusts of £320,000.

Income for Conference and Events ministry was £2,882,000 and expenditure £3,645,000, 5% and 3% more than the previous year. Spring Harvest saw both its income and costs affected by inflation. Essential Events Management continues to run small to medium sized events for other charities.

Ministry Resources income was £1,571,000 and expenditure £1,642,000, 0.6% and 1.6% more than the previous year. The increase in costs was because of a donation to enable Song Solutions to extend its work in developing and publishing new songs for the church and in particular supporting emerging artists. In time this is expected to lead to higher income flows in perhaps two or three years as these songs are used in churches and royalties flow through to the charity.

The Board regularly considers the charity‘s activities and its future, exploring new ways of working and increasing sources of income to maintain its ministry. Cash flow is uneven during the year, and there is a need for loans which builds through the year until March, when Spring Harvest revenues are usually received. With the financial support of a corporate backer who has provided substantial cash flow assistance, the trustees have been satisfied that the Charity can operate on a sound financial footing.

Reserves Policy

The Board considered the charity’s requirement for reserves. It is mindful of the risks facing the organisation and the need for reserves.

Page 10

ESSENTIAL CHRISTIAN

REPORT OF THE DIRECTORS (continued)

There were no freely available reserves (which excludes fixed assets, restricted funds, and minority interests) at the year end. The charity was able to meet its obligations because of a loan facility made available to the charity, and a facility is in place which is sufficient to cover anticipated financial needs for at least the next 12 months.

Fundraising Policy

In line with the reporting requirements included in the Charities Act 2016, the Trustees confirm that all fundraising is carried out in compliance with best fundraising practice. The main request for funds is made during the Spring Harvest event. The purposes are clearly described.

The charity is registered with the Fundraising Regulator and follows the Code of Fundraising Practice. During the year we began to work with some professional fundraisers to begin to access grant making trusts. Few appeals were made by email or letter and none by telephone so vulnerable people were protected from intrusive requests. A complaints procedure is set out as part of the Privacy Policy on the website and states that every effort will be made to resolve complaints within 10 days. No complaints or criticisms were raised concerning the fundraising activities. The charity is also registered with the Fundraising Preference Service. No requests for action were received from this service.

2025 and Beyond

The Board continues to believe that the charity’s activities are a valuable resource for the Church yet is also aware that it needs to find further sources of donor funding and develop the ways its resources can be accessed. The Board aims to:

Other information

Disabled employees

The company has procedures in place regarding the employment of disabled staff to ensure that no current or potential member of staff is disadvantaged due to disability and that all staff have equal access to training, career development and promotion.

Employee consultation

The company acknowledges the importance of staff communications and involving staff in decisions that directly affect them and their work. Several procedures and activities are in place to support decision-making and communications , including meetings held corporately, departmentally, team based and individually; and staff participation in decision making as it affects terms of employment.

Page 11

ESSENTIAL CHRISTIAN

REPORT OF THE DIRECTORS (continued)

Statement of Directors’ responsibilities

The Directors are responsible for preparing the Annual 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 Directors to prepare financial statements for each financial period which give a true and fair view of the situation of the company and the incoming resources and application of resources, including the net income or expenditure, of the company for the period.

In preparing those financial statements, the Directors are required to:

The Directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and which 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

To the knowledge and belief of the Directors, there is no relevant information that the company’s auditors are not aware of, and the Directors have taken all the steps necessary to ensure the Directors are aware of any relevant information, and to establish that the company’s auditors are aware of the information.

Registered office 14 Horsted Square Uckfield East Sussex TN22 1QG

ON BEHALF OF THE DIRECTORS

17/06/2025 17/06/2025 Date:

M Young Chair

Page 12

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF

ESSENTIAL CHRISTIAN

Opinion

We have audited the financial statements of Essential Christian (the ‘parent company’) and its subsidiaries (the ‘group’) for the year ended 30 September 2024 which comprise the Consolidated Statement of Financial Activities, the Consolidated and parent company Balance Sheets, the Consolidated Statement of Cash Flows and the notes to the financial statements, 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:

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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Material uncertainty related to going concern

The charity recorded a deficit of £58,470 on unrestricted funds for the current year, the consolidated general funds are still negative by £417,965 and net current liabilities stand at £463,096. We also draw attention to the disclosure made in note 1.2 to the financial statements concerning the charitable company's ability to continue as a going concern. The financial position of the charity represents a material uncertainty which may cast doubt about the charitable company's ability to continue as a going concern. Despite this our opinion detailed above is not modified in respect of this matter.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors 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.

Page 13

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF

ESSENTIAL CHRISTIAN (continued)

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and parent charity and their environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included with the directors’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of directors

As explained more fully in the directors’ responsibilities statement set out on page 14, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the group 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 group financial statements, the directors are responsible for assessing the group and parent charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.

Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the company, we identified that the principal risks of non-compliance with laws and regulations related to employment and financial reporting legislation and we considered the extent to which noncompliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and the Charities Act 2011.

Page 14

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF

ESSENTIAL CHRISTIAN (continued)

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by making enquiries of management, considering the internal controls in place and discussion amongst the engagement team.

We determined that the principal risks were related to management bias in accounting estimates, presentation of separately disclosed items and management override of controls.

In response to the risks identified we designed procedures which included, but were not limited to reviewing trustees minutes, challenging significant accounting estimates, evaluating the internal controls, agreeing financial statement disclosures to underlying supporting documentation and testing journal entries.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and regulations made under that Act. Our audit work has been undertaken so that we might state to the charitable company's members 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.

Paul Newton FCA (Senior Statutory Auditor) for and on behalf of Xeinadin Audit Limited, Statutory Auditor Chartered Accountants

5 Robin Hood Lane Sutton Surrey SM1 2SW

17/06/2025 Date:

Page 15

ESSENTIAL CHRISTIAN

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2024

Income from
Donations and legacies
Investments
2
Charitable activities
Conferences and Event
Ministry
Ministry Resources: Creation,
Sales and Royalties
3
Other sources
4
Total income
Expenditure on
5
Raising funds
Charitable activities
Grants and Grantmaking
Conferences and Event
Ministry
Ministry Resources: Creation,
Sales and Royalties
Total expenditure
Net income/(expenditure)
Transfer between funds
Net movement in funds
Reconciliation of funds
Fund balances brought forward
Minority interests
Fund balances carried forward		 2024
Unrestricted
funds
£
560,226
6,893
2,881,706
1,575,869
160,617
5,185,311
35,468
7,183
3,559,540
1,641,590
5,243,781
(58,470)
-
(58,470)
(360,659)
1,164
(417,965)		 2024
Restricted
funds
£
153,016
-
-
-
-
153,016
-
45,652
85,540
-
131,192
21,824
-
21,824
28,499
-
50,323		 2024
Total
funds
£
713,242
6,893
2,881,706
1,575,869
160,617
5,338,327
35,468
52,835
3,645,080
1,641,590
5,374,973
(36,646)
-
(36,646)
(332,160)
1,164
(367,642)		 2023
Unrestricted
funds
£
656,487
1,388
2,740,897
1,561,450
137,357
5,097,579
35,832
6,982
3,353,791
1,619,698
5,016,303
81,276
-
81,276
(443,263)
1,328
(360,659)		 2023
Restricted
funds
£
334,941
-
-
-
-
334,941
-
507,594
187,420
-
695,014
(360,073)
-
(360,073)
388,572
-
28,499		 2023
Total
funds
£
991,428
1,388
2,740,897
1,561,450
137,357
5,432,520
35,832
514,576
3,541,211
1,619,698
5,711,317
(278,797)
-
(278,797)
(54,691)
1,328
(332,160)

The statement of financial activities includes all gains and losses recognised in the year.

All incoming resources and resources expended derive from continuing operations.

The notes on pages 20 to 31 form part of these financial statements.

Page 16

ESSENTIAL CHRISTIAN

CONSOLIDATED BALANCE SHEET AS AT 30 SEPTEMBER 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 8a 66,012 62,352
Intangible assets 9 32,266 36,447
98,278 98,799
Current assets
Stocks 11 5,950 8,507
Debtors and prepayments 12 256,356 232,328
Cash at bank 368,670 356,234
630,976 597,069
Creditors: Amounts falling due within one year 13 (1,094,072) (1,024,040)
Net current (liabilities) (463,096) (426,971)
Net (liabilities) 16a (364,818) (328,172)
Funds
Unrestricted funds 14a (417,965) (360,659)
Restricted funds 15 50,323 28,499
(367,642) (332,160)
Minority interests 2,824 3,988
Total funds (364,818) (328,172)

The notes on pages 20 to 31 form part of these financial statements.

17/06/2025 These financial statements were approved by the Directors on and signed on their behalf by:

M Young Director

Company number: 06667924

Page 17

ESSENTIAL CHRISTIAN

COMPANY BALANCE SHEET AS AT 30 SEPTEMBER 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 8b 66,012 62,352
Intangible assets 9 32,266 36,447
Investments 10 1,128 1,128
99,406 99,927
Current assets
Stocks 11 5,950 8,507
Debtors and prepayments 12 255,256 231,228
Cash at bank 310,917 233,339
572,123 473,074
Creditors: Amounts falling due within one year 13 (1,045,675) (914,381)
Net current (liabilities) (473,552) (441,307)
Net (liabilities) 16b (374,146) (341,380)
Funds
Unrestricted funds 14b (424,469) (369,879)
Restricted funds 15 50,323 28,499
Total funds (374,146) (341,380)

The notes on pages 20 to 31 form part of these financial statements.

The company’s net expenditure for the year ended 30 September 2024 was £32,766 (2023: £274,371).

17/06/2025

These financial statements were approved by the Directors on and signed on their behalf by:

M Young Director

Company number: 06667924

Page 18

ESSENTIAL CHRISTIAN

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2024

Notes
Net cash provided by/(used in) operating
activities
(i)
Cash flows used in investing activities
Interest received
Payments for tangible fixed asset additions
Payments for intangible fixed asset additions
Net cash (used in) investing activities
Net cash inflow/(outflow)
Cash and cash equivalents at start of year
Cash and cash equivalents at end of year
(i) Cash flows from operating activities
Net (expenditure)/income for the year
Interest receivable included in investing activities
Depreciation
Amortisation
Decrease in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operating activities
(ii) Analysis of change in net debt
Cash at bank and in hand
Other loans within one year		 Notes
Net cash provided by/(used in) operating
activities
(i)
Cash flows used in investing activities
Interest received
Payments for tangible fixed asset additions
Payments for intangible fixed asset additions
Net cash (used in) investing activities
Net cash inflow/(outflow)
Cash and cash equivalents at start of year
Cash and cash equivalents at end of year
(i) Cash flows from operating activities
Net (expenditure)/income for the year
Interest receivable included in investing activities
Depreciation
Amortisation
Decrease in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operating activities
(ii) Analysis of change in net debt
Cash at bank and in hand
Other loans within one year		 2024
£
£
51,853
6,893
(36,960)
(9,350)
(39,417)
12,436
356,234
368,670
2024
£
(36,646)
(6,893)
33,300
13,531
2,557
(24,028)
70,032
51,853
At
Cash
1.10.23
flows
£
£
356,234
12,436
(575,000)
-
(218,766)
12,436		 2024
£
£
51,853
6,893
(36,960)
(9,350)
(39,417)
12,436
356,234
368,670
2024
£
(36,646)
(6,893)
33,300
13,531
2,557
(24,028)
70,032
51,853
At
Cash
1.10.23
flows
£
£
356,234
12,436
(575,000)
-
(218,766)
12,436		 2024
£
£
51,853
6,893
(36,960)
(9,350)
(39,417)
12,436
356,234
368,670
2024
£
(36,646)
(6,893)
33,300
13,531
2,557
(24,028)
70,032
51,853
At
Cash
1.10.23
flows
£
£
356,234
12,436
(575,000)
-
(218,766)
12,436



2023
£
£
(271,425)
1,388
(35,769)
(26,313)
(60,694)
(332,119)
688,353
356,234
2023
£
(278,797)
(1,388)
38,330
9,028
16,123
72,908
(127,629)
(271,425)
Non-cash
At
changes
30.9.24
£
£
-
368,670
-
(575,000)
-
(206,330)		 2023
£
£
(271,425)
1,388
(35,769)
(26,313)
(60,694)
(332,119)
688,353
356,234
2023
£
(278,797)
(1,388)
38,330
9,028
16,123
72,908
(127,629)
(271,425)
Non-cash
At
changes
30.9.24
£
£
-
368,670
-
(575,000)
-
(206,330)
Non-cash
changes
£
-
-
-
At
1.10.23
£
356,234
(575,000)
(218,766)
12,436
356,234
368,670
2024
£
(36,646)
(6,893)
33,300
13,531
2,557
(24,028)
70,032
51,853
Cash
flows
£
12,436
-
12,436

Page 19

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (continued)

ESSENTIAL CHRISTIAN

1 Accounting policies

Charity information

Essential Christian is a private company limited by guarantee incorporated in England and Wales. The registered office is 14 Horsted Square, Uckfield, East Sussex TN22 1QG.

1.1 Basis of accounting

The financial statements have been prepared in accordance with 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 2020) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Essential Christian meets the definition of a public benefit entity under FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

The support we have received from a corporate backer, in both gifts and cashflow assistance gives confidence to the trustees that the charity can continue to operate on a sound financial footing for the next 12 months. This has been augmented with other corporate sponsorship which is likely to continue as larger Christian charities are increasingly keen to partner with Essential Christian. The trustees are actively seeking more high net worth donors - the large three year grant which started two years ago is an encouraging sign that Essential Christian can indeed attract such backing. Trustees are also examining ways to cut costs such as reduce office space. For these reasons the accounts are prepared on a going concern basis.

1.3

Consolidation

The group financial statements combine the results of the company and its subsidiary undertakings, Daybreak Music Limited (dormant), Song Solutions Limited (a holding company for the administration of royalties from Copycare Pacific Pty Ltd) and Copycare Pacific Pty Ltd under the acquisition method. Further details of these subsidiaries is given in note 10.

Essential Christian, Song Solutions Ltd and Daybreak Music Ltd have reporting dates of 30 September. Copycare Pacific Pty Ltd has a reporting date of 30 June but produces figures to 30 September that are incorporated into the consolidated financial statements. A separate Statement of Financial Activities for the charity itself is not presented.

1.4 Income

Voluntary income and donations (including legacies) are accounted for once the charity has entitlement to the income, it is probable the income will be received and the amount of income receivable can be reliably measured. The income from fundraising is shown gross, with the associated costs included in fundraising costs. Where material assets are donated to the company for its use, these are capitalised at the estimated market value at the date of the gift and included under income. Assets given for distribution by the charity are received as income when distributed and stated in the accounts at the directors’ estimated market value at the time of receipt. Income is shown net of VAT and other sales taxes.

Page 20

ESSENTIAL CHRISTIAN

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (continued)

1 Accounting policies (continued)

1.5 Expenditure

Expenditure is accrued as soon as a liability is considered probable, discounted to present value for longer term liabilities. The majority of costs are directly attributable to specific activities. Staff costs are allocated on the basis of time spent by staff on each activity. Office costs, including rent of premises, are charged directly to the activity when incurred.

1.6 Tangible fixed assets and depreciation

Tangible fixed assets are capitalised and included at cost including any incidental expenses of acquisition. Donated assets are included at fair value. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows:

Motor vehicles – over 4 years Equipment – over 4 to 10 years Computer equipment – over 3 to 4 years

1.7 Intangible fixed assets and amortisation

Intangible assets acquired separately are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Such assets are defined as having finite useful lives and the costs are amortised on a straight line basis over their estimated useful economic lives on the following bases:

Website development – over 4 years Intellectual property – over 3 years

Intangible assets are reviewed for impairment whenever there is an indication that the carrying value may be impaired.

1.8 Fixed asset investments

Fixed asset investments in subsidiary undertakings are shown at cost less impairment because the fair value cannot be measured reliably.

1.9 Stocks

Stock is stated at the lower of cost and realisable value. Work in progress is recognised on 50% of the total cost of masters of recordings produced in the year.

1.10 Debtors and prepayments

Trade debtors and other receivables are included at the settlement amount due. Prepayments are valued at the amount prepaid.

1.11 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 opening of the deposit.

1.12 Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation arising from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount.

Creditors includes deferred income, which consist of income relating to events to be undertaken in the next year which have been invoiced and/or received before the year end.

1.13 Financial instruments

The charity only has financial assets and 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.

Page 21

ESSENTIAL CHRISTIAN

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (continued)

1 Accounting policies (continued)

1.14 Pension scheme arrangements

1.15 Cost of generating funds

This comprises expenditure incurred in the manufacture of goods and provision of services for non-charitable trading purposes and costs attributable to receiving donations.

1.16 Charitable activities expenditure

This comprises expenditure directly related to the objects of the group, including project management and support functions. Support costs are allocated principally on a basis of the proportion of time spent by employees.

1.17 Governance costs

This comprises expenditure to comply with statutory and legal requirements.

1.18 Foreign exchange transactions

1.19 Operating lease commitments

Charges under operating leases are incurred in the period to which they relate.

Unrestricted funds are expendable at the discretion of the directors in furtherance of the objects of the group.

2 Investment income

Bank interest: United Kingdom
Bank interest: Rest of the World		 2024
Unrestricted
£
6,523
370
6,893		 2024
Restricted
£
-
-
-		 2024
Total
£
6,523
370
6,893		 2023
Total
£
983
405
1,388
Creation, Manufacture and Duplication of Media
Product Sales
Royalties		 2024
Unrestricted
£
-
162,675
1,413,194
1,575,869		 2024
Restricted
£
-
-
-
-		 2024
Total
£
-
162,675
1,413,194
1,575,869		 2023
Total
£
1,418
165,119
1,394,913
1,561,450

Page 22

ESSENTIAL CHRISTIAN

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (continued)

4 Income from other sources

Management charges from SHH
Management charges from Hope Lebedyn		 2024
Unrestricted
£
159,917
700
160,617		 2024
Restricted
£
-
-
-		 2024
Total
£
159,917
700
160,617		 2023
Total
£
130,620
6,737
137,357

This residual management charge signals the end to handling of gifts to Hope Lebedyn, which is now an independent charity.

5 Expenditure

2024
Unrestricted
2024
Restricted
Note
£
£
Raising funds
35,468
-
Grants and grantmaking
19
7,183
45,652
Conferences and Events
3,559,540
85,540
Ministry Resources
1,641,590
-
5,243,781
131,192
Net income/(expenditure) for the year
Note
This is stated after charging:
Staff costs
7.1
UK auditors’ remuneration:
– for audit services
– for non-audit
Depreciation
Amortisation
Operating lease rentals – land and buildings		 2024
Total
£
35,468
52,835
3,645,080
1,641,590
5,374,973
2024
Total
£
1,159,878
15,200
7,681
33,300
13,531
60,040		 2023
Total
£
35,832
514,576
3,541,211
1,619,698
5,711,317
2023
Total
£
1,189,465
14,500
6,621
38,330
9,028
72,051

6 Net income/(expenditure) for the year

Page 23

ESSENTIAL CHRISTIAN

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (continued)

7 Employee information

7.1 Staff costs

Wages and salaries
Social security costs
Pension costs
Benefits in kind		 Group
2024
£
992,922
92,658
74,298
1,159,878
19,657
1,179,535		 Group
2023
£
1,020,670
94,915
73,880
1,189,465
20,238
1,209,703

7.2 Staff numbers

The average monthly number of employees (excluding non-Executive Directors) during the year was made up as follows:

On a total head count basis
On a full time equivalent basis		 2024
Number
31.25
26.58		 2023
Number
32.9
28.3

One employee received emoluments (excluding employer pension costs) between an annual equivalent of £80,000 and £90,000 in the year (2023: one between £80,000 and £90,000); plus employer pension costs of £7,358 (2023: £7,069).

7.3 Directors‘ emoluments

No remuneration was paid to executive directors during the year. Key management personnel remuneration (including gross salary, employer’s National Insurance, benefits in kind and employer’s pensions contributions) totalled £102,509 (2023: £99,457).

The following amounts were paid to or for the services of the non-executive Directors, as permitted by the Memorandum of Association under contracts for services:

2024 2023
£ £
O Amartey 300 250
D Green 900 450
C Rogers 691 428

Also during the year, total travel expenses of £2,297 (2023: £1,043) were reimbursed to 4 (2023: 5) directors. Directors’ indemnity insurance of £2,696 (2023: £2,838) was paid during the year.

Page 24

ESSENTIAL CHRISTIAN

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (continued)

8a Tangible fixed assets – GROUP

Freehold
Property
£
Cost or valuation
At 1 October 2023
2,170
Additions in the year
-
Disposals in the year
-
At 30 September 2024
2,170
Depreciation
At 1 October 2023
2,170
Charge for year
-
Released on disposal
-
At 30 September 2024
2,170
Net book value
At 30 September 2024
-
At 30 September 2023
-
bTangible fixed assets – COMPANY
Freehold
Property
£
Cost or valuation
At 1 October 2023
-
Additions in the year
-
Disposals in the year
-
At 30 September 2024
-
Depreciation
At 1 October 2023
-
Charge for year
-
Released on disposal
-
At 30 September 2024
-
Net book value
At 30 September 2024
-
At 30 September 2023
-		 Computer
Equipment
£
178,469
-
-
178,469
150,025
17,077
-
167,102
11,367
28,444
Computer
Equipment
£
175,366
-
-
175,366
146,924
17,077
-
164,001
11,365
28,442		 Fixtures and
Fittings
£
458
-
-
458
458
-
-
458
-
-
Fixtures and
Fittings
£
-
-
-
-
-
-
-
-
-
-		 Motor
Vehicles
£
25,200
-
-
25,200
25,200
-
-
25,200
-
-
Motor
Vehicles
£
25,200
-
-
25,200
25,200
-
-
25,200
-
-		 Plant and
Machinery
£
154,180
36,960
(2,272)
188,868
120,272
16,223
(2,272)
134,223
54,645
33,908
Plant and
Machinery
£
155,260
36,960
(2,272)
189,948
121,350
16,223
(2,272)
135,301
54,647
33,910		 Total
£
360,477
36,960
(2,272)
395,165
298,125
33,300
(2,272)
329,153
66,012
62,352
Total
£
355,826
36,960
(2,272)
390,514
293,474
33,300
(2,272)
324,502
66,012
62,352

8b Tangible fixed assets – COMPANY

Page 25

ESSENTIAL CHRISTIAN

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (continued)

9 Intangible fixed assets – GROUP AND COMPANY

Cost or valuation
At 1 October 2023
Additions in the year
Disposals in the year
At 30 September 2024
Amortisation
At 1 October 2023
Charge for year
Released on disposal
At 30 September 2024
Net book value
At 30 September 2024
At 30 September 2023
10Fixed asset investments – COMPANY
Shares in subsidiaries – cost less impairment
At 1 October 2023
Disposals
At 30 September 2024
Historical cost		 Intellectual
Property
£
12,500
-
-
12,500
1,736
4,167
-
5,903
6,597
10,764		 Website
Costs
£
35,897
9,350
-
45,247
10,214
9,364
-
19,578
25,669
25,683
2024
£
1,128
-
1,128
1,128		 Total
£
48,397
9,350
-
57,747
11,950
13,531
-
25,481
32,266
36,447
2023
£
1,128
-
1,128
1,128

Essential Christian owns 100% of the issued share capital of Daybreak Music Ltd (company number 01438805) and Song Solutions Ltd (company number 02714955), which are both companies registered in England and Wales at the same address as Essential Christian. Daybreak Music Ltd had net assets at 30 September 2024 of £1,000 and profit for the year then ended of £nil. Song Solutions Ltd had net assets at 30 September 2024 of £100 and profit for the year then ended of £nil.

Essential Christian also holds a 70% stake in Copycare Pacific Pty Limited, a company registered in Australia, by virtue of its 100% shareholding in its immediate parent company, Song Solutions Ltd. Copycare Pacific Pty Limited had net assets at 30 September 2024 of AUS$18,192 and profit for the year then ended of AUS$18,005.

Page 26

ESSENTIAL CHRISTIAN

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (continued)

11 Stocks – GROUP AND COMPANY

Goods for resale 2024
£
5,950
5,950		 2023
£
8,507
8,507

12 Debtors

Trade debtors
Other debtors including other taxation
Prepayments and accrued income		 Group
2024
2023
£
£
110,586
81,306
30,747
41,887
115,023
109,135
256,356
232,328		 Company
2024
2023
£
£
110,586
81,306
29,647
40,787
115,023
109,135
255,256
231,228

13 Creditors: Amounts falling due within one year

Other loans
Trade creditors
Other creditors including taxation
Accruals and deferred income		 Group
2024
2023
£
£
575,000
575,000
36,274
46,064
208,283
211,366
274,515
191,610
1,094,072 1,024,040		 Company
2024
2023
£
£
575,000
575,000
36,274
46,064
159,886
101,707
274,515
191,610
1,045,675
914,381

The other loans are interest free and repayable on 30 days notice. Such notice is not to be given before 31 May 2026. They are secured via a fixed and floating charge on the assets of the company.

14a Unrestricted funds – GROUP

Balance B/F Minority
interests		 Income Expenditure Transfers Balance C/F
£ £ £ £ £ £
2024
General funds (460,659) 1,164 5,185,311
(5,243,781)		 - (517,965)
Designated funds 100,000 - - - - 100,000
(360,659) 1,164 5,185,311
(5,243,781)		 - (417,965)
2023
General funds (443,263) 1,328 4,997,579 (5,016,303) -
(460,659)
Designated funds - - 100,000 - -
100,000
(443,263) 1,328 5,097,579 (5,016,303) -
(360,659)

Page 27

ESSENTIAL CHRISTIAN

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (continued)

14b Unrestricted funds – COMPANY

2024
General funds
Designated funds
2023
General funds
Designated funds		 Balance B/F
£
(469,879)
100,000
(369,879)
(455,581)
-
(455,581)		 Income
£
4,957,439
-
4,957,439
4,809,162
100,000
4,909,162		 Expenditure
£
(5,012,029)
-
(5,012,029)
(4,823,460)
-
(4,823,460)		 Transfers
£
-
-
-
-
-
-		 Balance C/F
£
(524,469)
100,000
(424,469)
(469,879)
100,000
(369,879)

The designated fund relates to a donation ~~received designated for the development and growth of Son~~ g ~~Solutions.~~

15 Restricted funds – GROUP AND COMPANY

2024
SH Partnership Fund
Seed Fund
Everyone In Fund
SH inclusivity 2025
SHH offerings fund
SHH offerings fund: Accessibility Fund
2023
SH Partnership Fund
SH North
Seed Fund
Everyone In Fund
SHH offerings fund
SHH offerings fund: Accessibility Fund
Hope Lebedyn		 Balance B/F
£
-
24,381
1,910
-
-
2,208
28,499
-
91,237
3,440
-
-
2,601
291,294
388,572		 Income
£
81,866
20,906
5,800
30,000
14,444
-
153,016
96,183
-
37,941
1,910
6,784
-
192,123
334,941		 Expenditure
£
(81,866)
(29,000)
(3,674)
-
(14,444)
(2,208)
(131,192)
(96,183)
(91,237)
(17,000)
-
(6,784)
(393)
(483,417)
(695,014)		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Balance C/F
£
-
16,287
4,036
30,000
-
-
50,323
-
-
24,381
1,910
-
2,208
-
28,499

SH Partnership Fund

The Spring Harvest Partnership Fun ~~d comprises gi~~ ft ~~s made specifi~~ c ~~ally in support of and for running the Spring~~ Harvest event.

SH North

This comprised a donation in 2019 to support Spring Harvest in the North.

SH inclusivity 2025

This comprised a donation in 2024 to support an inclusivity project for the 2025 event.

Page 28

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (continued)

ESSENTIAL CHRISTIAN

15 Restricted funds – GROUP AND COMPANY (continued)

Everyone In Fund

This fund provides discounts and bursaries to help people on low incomes to attend Spring Harvest. The funds include collections from the SH Youth and Children’s offerings.

SHH Offerings fund

These funds were given by Spring Harvest Holidays guests to be used to support projects in France, a bursary scheme to assist people who would not otherwise be able to attend, and seasonal children’s workers who were moving into ministry or training roles.

SHH Offerings fund: Accessibility Fund

The allows for improved facilities for Spring Harvest Holidays guests with disabilities.

Seed Fund

This was a 10% tithe of gifts to the Spring Harvest offering plus a specific donation to provide seed funding to individuals with a Christian vision to start local projects to restore, renew and serve their communities. In 2024 there was continuing focus on supporting children and young people.

Hope Lebedyn

This comprises funds given in support of a mission centre and church in Lebedyn, Ukraine.

16a Analysis of net assets by fund – GROUP

Tangible fixed assets
Intangible fixed assets
Net current (liabilities)/assets
Minority interests		 ___2024___
Unrestricted
funds
Restricted
funds
Total
£
£
£
66,012
-
66,012
32,266
-
32,266
(513,419)
50,323
(463,096)
(2,824)
-
(2,824)
(417,965)
50,323
(367,642)		 ___2023___
Unrestricted
funds
Restricted
funds
Total
£
£
£
62,352
-
62,352
36,447
-
36,447
(455,470)
28,499
(426,971)
(3,988)
-
(3,988)
(360,659)
28,499
(332,160)

16b Analysis of net assets ~~by fund – COM~~ PANY

Tangible fixed assets
Intangible fixed assets
Investments
Net current (liabilities)/assets		 ___2024___
Unrestricted
funds
Restricted
funds
Total
£
£
£
66,012
-
66,012
32,266
-
32,266
1,128
-
1,128
(523,875)
50,323
(473,552)
(424,469)
50,323
(374,146)		 ___2023___
Unrestricted
funds
Restricted
funds
Total
£
£
£
62,352
-
62,352
36,447
-
36,447
1,128
-
1,128
(469,806)
28,499
(441,307)
(369,879)
28,499
(341,380)

Page 29

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (continued)

ESSENTIAL CHRISTIAN

17 Constitution of the company and status

The governing instrument of the company is its Memorandum and Articles of Association. The company is limited by guarantee, the liability of each member being limited to £1. At 30 September 2024 there were 8 members (2023: 7 members).

The company is registered as a company with number 06667924, registered with the Inland Revenue and is exempt from corporation tax on its charitable activities.

18 Pension scheme arrangements

The group makes contributions to personal pension plans held by employees. The pension cost charge represents the contributions paid by the group to the funds and amounted to £74,298 (2023: £73,880) for the year.

19 Grants and grantmaking

The following institutional and individual grants were made by the charitable company during the year:

Institutional grants
Breath Of Dance
(Spring Harvest Seed Fund)
Family Holiday Trust
(Spring Harvest Seed Fund)
First Stop & Reading Street Pastors
(Spring Harvest Seed Fund)
Gram Seed
(Spring Harvest Seed Fund)
Healing Eve - Biblical Wellbeing Program
(Spring Harvest Seed Fund)
Matryoshka Haus UK
(Spring Harvest Seed Fund)
Rainbow Promise North East and Yorkshire
(Spring Harvest Seed Fund)
St Martins Family Club
(Spring Harvest Seed Fund)
The Friendship Lab Course
(Spring Harvest Seed Fund)
Youth for Christ Gloucestershire
(Spring Harvest Seed Fund)
SAS Le Pas Opton
(Spring Harvest Holidays)
Total institutional grants
Grantmaking costs
Total grants and grantmaking		 2024
£
2,500
1,500
2,500
5,000
2,500
2,500
2,500
2,500
2,500
5,000
16,652
45,652
7,183
52,835

Page 30

ESSENTIAL CHRISTIAN

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (continued)

20 Financial commitments

The charitable company’s total future minimum lease payments under operating leases at 30 September 2024 were payable as set out below:

Within one year
Between two and five years
More than five years
The operating lease charges for the year were:
Land and buildings
Hire of plant, machinery and fittings		 2024
£
3,711
-
-
3,711
2024
£
56,440
3,600
60,040		 2023
£
56,440
-
-
56,440
2023
£
68,451
3,600
72,051

21 Related party relationships and transactions

ZipAddress Ltd and AFD Software Ltd are companies controlled by D Dorricott, a director of Essential Christian. During the year interest free loan advances of £nil (2023: 350,000) were received by Essential Christian from ZipAddress Limited. £nil (2023: £350,000) was repaid during the year, leaving a balance of £575,000 (2023: 575,000) at the year end.

During the year £159,917 (2023: £130,620) of income relating to management services was received from Spring Harvest Holidays Ltd, a company registered in England and Wales and owned by ZipAddress Ltd and of which D Dorricott and H Francis are mutual directors.

During the year £5,400 (2023: £3,600) of purchases were made from PCC of All Hallows Bromley by Bow, a charity registered in England and Wales of which Christopher Rogers, a director of Essential Christian, is a trustee.

During the year royalties of £2,533 (2023: £3,883) were paid to Elim Sound, which is a ministry of the Elim Foursquare Gospel Alliance, where Rev Olivia Amartey is Executive Director.

The total amount of unrestricted donations received from directors and related parties during the year was £180,300 (2023: £200,300).

Donations of £nil (2023: £5,000) were received from The Stuart Hine Trust which is a charity of which Phil Loose, CEO of Essential Christian, is a trustee.

During the year £93,196 (2023: £21,280) of advertising and sales were made to Home for Good, of which Olivia Amartey is a director and Tania Bright is the CEO. Furthermore £nil (2023: £31) of royalties were paid to Home for Good.

Page 31

ESSENTIAL CHRISTIAN

STATEMENT OF FINANCIAL ACTIVITIES FOR INDIVIDUAL COMPANY FOR THE YEAR ENDED 30 SEPTEMBER 2024

Income from
Donations and legacies
Investments
Charitable activities
Conferences and Event Ministry
Ministry Resources: Creation,
Sales and Royalties
Other sources
Total income
Expenditure on
Raising funds
Charitable activities
Grants and Grantmaking
Conferences and Event Ministry
Ministry Resources: Creation,
Sales and Royalties
Total expenditure
Net income/(expenditure)
Transfer between funds
Net movement in funds
Reconciliation of funds
Fund balances brought forward
Fund balances carried forward		 2024
Unrestricted
funds
£
565,060
6,523
2,881,706
1,343,533
160,617
4,957,439
35,468
7,183
3,559,540
1,409,838
5,012,029
(54,590)
-
(54,590)
(369,879)
(424,469)		 2024
Restricted
funds
£
153,016
-
-
-
-
153,016
-
45,652
85,540
-
131,192
21,824
-
21,824
28,499
50,323		 2024
Total
funds
£
718,076
6,523
2,881,706
1,343,533
160,617
5,110,455
35,468
52,835
3,645,080
1,409,838
5,143,221
(32,766)
-
(32,766)
(341,380)
(374,146)		 2023
Unrestricted
funds
£
665,228
983
2,740,897
1,364,697
137,357
4,909,162
35,832
6,982
3,353,791
1,426,855
4,823,460
85,702
-
85,702
(455,581)
(369,879)		 2023
Restricted
funds
£
334,941
-
-
-
-
334,941
-
507,594
187,420
-
695,014
(360,073)
-
(360,073)
388,572
28,499		 2023
Total
funds
£
1,000,169
983
2,740,897
1,364,697
137,357
5,244,103
35,832
514,576
3,541,211
1,426,855
5,518,474
(274,371)
-
(274,371)
(67,009)
(341,380)

Page 32

SPRING HARVEST Ministry Impact Report 2024 SPRINGHARVEST.01

Good news! 600 people chose to start following Jesus at Spring Harvest in 2024. "We have some amazing news to share with you as o result of Spring Harvest. Our daughter, who is 10, gave her life to Christ and prayed the prayer with one of herfriends in her group. She made the decision on her own. which was what we were praying for. She also bought a few things for school that have biblical verses on. so that people will ask her questions about them. ..My son (13) said he felt God speak to him in his group.1 We are so excited to see thelr walk in theirfaith and where God leads them.-

Gather. Grow. Goi Spring Harvest makes spaces where all ages can encounter Jesus be equipped for life with him. With worship. teaching, prayer and fun, we create and curate shared experiences and new opportunities for all people to be empowered for the spiritual adventure we've been called to live. We care deeply about the local church and her next generation We facilitate mountain-top moments with God. We provide sustenance for everyday faith. We work hard to make it accessible for everyone Through physical and digital events and resources, we are excited to play a part in God's mission and ministry. The worship was simply incredible and deeply connected us to God. The diverse venues provided a wide range of unique and enjoyable experiences.- Brian Heasley 24-7 Prayer

Spring Harvest 202 in numbers More than people experienced Spring Harvest. More than Over people accessed a pastoral appointment for prayer and counselling. 200 600 young people became Christians. More than volunteers made it happen. We live-streamed into 75 prisons. that's 65.00 • cells. Over 400 people were trained in prayer ministry to take back to their churches. More than guests benefitted from the Everyone In Fund. There were over 300 attendances at Alpha sessions. new community projects began thanks to the Seed Fund.

More than 1,000 devices watched Spring Harvest Home. 2,300 views of the digital online seminar stream during the event. 334,000 connections across all social media channels. 65,000 prison cells connected by TV.

part of the gathering from home.”

[at Spring Harvest] do is so big. | thank you, and God.”

18PRIN(31 4ARVE8r Lives were changed by God in all kinds of different ways 'The fire of the Holy Spirit came to me - it was amazing!" "I was very blessed to connect with friends and get sOm￿espIte and rich teaching and worship and pray*) replenish my low reserves." "Amazing to witnes5 someone being healed arbd getting up from their wheelchairl" "Having prayed hard at Spring Harvest, no miracle cure happened. But I did come home feeling spiritually upliftedand in a better frame of mind to live with this condition while l await healing. "The dark cloud that had been hanging over me had lifted, there was a new lightness in my heart that has remained since then. My circumstances haven't changed much (although my sleep has improved) but I can honestly say that I feel I've got God's smile back."

11 "l am going home not angry but completely refresTr)ed in less pain, having slept, and more on fire for God. like I used to be!" "We had a group of 11 and one of the adults is not a Christian. He came last year and refused to go into any sessions, but went walking along the beach instead. This year, after telling everyone he met about how great Spring Harvest was, he was choosing the sessions he wanted to go to! He's not made a commitment (yet!) but Spring Harvest helped in giving him lots of opportunities. in different ways. to ask questions, hear Bible teaching and meet people who love the Lord. We keep praying for him. The rest of us have left refreshed and ready to serve in our local church again - the 617 hour journey is totally worth it!! Hope to be back next year!" "T can't describe in words how positively this has influenced my person, but I Iinow that without what I experienced within that space. I would not to this day feel so incredibly rich in spirit and God's lové.. "My highlight of the week has to be Cris Roger's Bible study and teachingjt was vibrant and alive, as well as being incredibly accessible. He brought the passages to life.

e champion the next generation o reach their potential 31% of guests were under 18. More than youth sessions. attended kids and 411 volunteer team members blessed our children and young people. hours of kids and youth content at the event. More than 600 young people chose to follow Jesus. "My daughter hus decided that She wants to be a missionary and a youth pustor and she wants to go to Bible college. Spring Harvest hus played a huge part in her making these decisions." We want to thonk you for on exciting and stretching experience. We are an adoption family with 3 siblings who struggle to novigote loud. crowded ond new places... We got more support than we could have ever imagined or asked for... All three children went from observing to engaging and want to come backl This is incrediblelw -It has been so good to originally bring our 3 children and watch them grow in their faith. Our daughter and her husband felt the call to go to China at Spring Harvest (they were there for 13 years). Ivow we have the privilege of coming with Six of our grandchildren... A5 one 14-year- old said. 'IYs been the best week everlly

n event everyone Many Spring Harvest guests identify as having additional needs or disabilities. We aim to remove barriers to connecting with God at the event. We try to help everyone access the programme alongside their peers, unless they choose to engage another way. .BSL and Makaton translation .Wheelchair access and hearing loops .Speech-to-text facility in the largest venue .Dyslexia friendly song projection and screens .Sensory profiles and quiet areas .Braille and large print on request .Tailored content with Count Everyone In for adults with learning disabilities .A professional Disability Consultant on each resort .A dedicated Additional Needs team with specific spaces and specialised resources in each kids and youth venue. .Team training, particularly in the use of inclusive language .Providing resources in e-book and audio book formats -1 have no doubt that Spring Haniest's commitment to ensuring disability inclusion across the event touches many lives in fact I know it does because in my role I have the pleasure of witnessing that first hand. But l also realise that the obvious commitment of Spring Harvest to making the whole event accessible in so many different ways. raises awareness amongst guests and l om sure will have ongoing impart on churches as people go home from the event und think about how they can put some of these thing5 into practice in their own church situations. Janet Eardley* Through the Roof

We work together with other Christian faith-based organisations to build a better world main event partner home for good secondary event partners 1.200 new relationships for our three main partners 12 key collaborations with other organisations 39 exhibiting ministries

The Spring Harvest Seed Fund io% of all gifts received into the offering by Spring Harvest (from April until June) forms a seed fund to help launch church-based initiatives that serve and transform local communities. Supported the launch of a forest school aimed at helping children with selective mutism. In 2024, we reported back on community projects that were successful in applying for funding during the previous year. Grants ranged from £1000 to £2500. Provided equipment to support a community-focused church in Bristol with multicultural and evangelistic events. Since the 2024 event. 10 new projects have been approved to receive a grant. Supported the launch of outward- looking family ministries in three different communities: a family club, a family choir and an all-age worship initiative. Provided resources for a new Safe Space in Reading. which has developed from their thriving Street Pastors ministry. Supported a new mixed ecology church tool called 'Ecosystem'. Supported a new mission initiative called 'NxtMove Europe,.

verything we do is made ible by generosity We are grateful to God for every donation. Almost 20 % of our income comes from charitable giving. Over 700 people partner with us by giving regularly. was given in the 2024 event offering. IO% of the offering was tithed into the seed fund. 'Match Funder, doubled the offering. 3 grants were received from Trust Funds. We distributed over to help those on low incomes attend the event. he stuff you did for our teenagers was great and Spring Harvest is investing into their spiritual lives in a great way. It's their favourite week of the yearl hank you so much for whot you do. Spring Haniest has been the catalyst for much of the work I'm doing for the Kingdom ondfor my daughterfs solvotion. A big highlight for us all is the kids work. The volunteers make such an effort and really manage to relate to all three of my children. They have so much fun and get really confident in their faith being around such great people who shine Jesus.-

It's church, but not as you know it.J WATCH