R•glst•r•d numbèr: 6794709 Charlty number.. 1127987 BIG CHURCH FESTIVAL LIMITED (A company Ilmlted by guarantee TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
BIG CHURCH FESTIVAL UMITED IA company Ilmltsd by guarantee) CONTENTS P8ge Referenc8 and adminlstratlve detall8 of tho Company. Its Trust88s and advlsors Trust••s' report Indepond•nt atsdltorn. rgport on the flnanclal Statements 7-10 Con8olldat•d statement of financlal aGtlvltlg8 11 Con8olldat•d balanc• 8h••t 12 Company balance sh•ot 13-14 Consolldat•d $t•tement ol ca•h flow• 15 Notes to th• flnanclwl statgments 18-32
BIG CHURCH FESTIVAL LIMITED {A company Ilmlted by guarant••l REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVl8eR8 FOR THE YEAR ENDED 30 SEPTEMBER 2025 Trustsqs Leigh Brian Hills Niazi Peter Fetto lappointsd 16 January 20261 Faye De Pelgl {r¢5igned 8 November 20241 Andreas Slrajnic Kameshvari Flynn lapwnted 23 Jung 20251 Company rnglgterod numb•r 6794709 Charlty r•glJtornd numb•r 1127987 R•gl•t•r•d offlG• 82 The Slr8ot Ru$llnglon W961 Sus$•x BN16 3NR P89é 1
BIG CHURCH FESTIVAL LIMITED IA company Ilmlted by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEM8ER 2025 The Trustèe8 present their annual report together with lh8 audiletl financial slatemenls of the Blg Church Festival Ltd for the 1 October 2024 10 30 September 2025. The Annual rèport serves the purposes of both a Trustees. report and a dlrectors, report undef company law. The Trustees confirm that the Annual report and financial sta19menls of the charitable company comply wlh the current slalulory requirements, the requirements of the charilable company's goveming document and the provlsion5 Of the Slalemenl of Recommendgd Practice ISORPI applicable lo charitle5 preparing their accounts In accordance with the Financial Repc)rting Standard applicable in the UK and Republic of Ireland {FRS1021 (effective l January 20191. Slncé thè group and th• Company qualify as small und•r secllon 383 of the Companl•s Act 2006, the Group slr8leglc report required of medium and largg componie5 under the Companie$ Act 2006 Istraleglc Report and Dlr¢Gtors' Report) Regul8tlons 2013 has been omitted. Oblg¢tlvg5 and actlvltleb • Pollcl•8 and obJgctlvo¥ In settlng obl&ctlv8$ and ptannlng for activiti8$, tho Trustees hav9 glven due conslder81ion lo general guldance published by the Charity Commisslon relating lo public bgnefil, includlng the guidance 'Public benefll,. runnlng a ¢haTIty IP821'. Thfj Tru8tges have con8lder8d the Charity Commlsslon guldance on publlc bonefll and con81der that the a¢livilies of the charity mèet ils charitable oblectlves and provlda a b&nefil lo the publlc. • Prlnclpal Actlvlty Our charill8 purp08e$ as sel out in the oblac18 conlaln8d In th8 companls memorandum of a60oclatlon are the advancement and Celebration of the Chrlslian faith through open air music and performance events. The Big Church Festival Iform8rly known as Big Church Day Oull 18 an ovent that both celebrat6$ th8 UK Church's unity 8nd diverslty. Friendly, induslve and relaxod, the event Is Open lo everyone, regardless of whether they are part of 8 church or not, or what type of church that may be. The Big Church Fe81ival Is about people of falth, evangeligm, music and worship, odlvitles, famllies all galherlng together. Our partner8 vtho bellev8 and invtrst In Ihg v18ion held by the charlly Include numgrous natlonal and Intemallonal organisalion$, local churches and supporters who $8rve 5acrilidally and endlessly from across the UK and beyond, gnd who $haro a common desire lo serve the church, The event provides a chance for Chrislions to see that they are part of a bl99er family. to mo91 that lamily and to be inspired by one another. Through focused Ilmos of worship and prayer, thg Big Church Fesllval 888ks lo affect the Ilves of Individuals, and lo influence the spinlual atmosphere of our region. and those regions to which vlsllors return afterwards. The Blg Church Fesllval airns lo create a unique opportunily in the UK for wor6hlp18aders, musicians and artists Irom across the wortd lo gather and be enjoyed al ong single event. 11 also aims to encourage and expose creativity through providing a platfomi for many lo share their talents and gifts. Slrfving for excellence In eVehng 11 does. the Big Church Fesllval hopes lo showcas• the very best th81 the church has lo offer. be il through music, vision or family. Llkewse. the event provides an opportunity lo promote Social justice and mi55ion issues, by giving a platform lo various organisalions including multiple Chri81ian charilies. and allowing Ihern to engage a wider audignce in their visions, and lo increas¢ their supporter bases. Thr¢Jugh these components. th• Big Church Fe8ts'val aim8 to demon81rale the Irfe and vlbrancy thIn the UK urch, and lo demonslrale the love of God to everyone rt louches. • Publlc btndlt The Tru51ees have considered the Charlly Commission guldance on public benefit and conslder that the activitias of the charity meet ils chantable objectives and provide a benefit lo the public. Page 2
BIG CHURCH FESTIVAL LIMITED IA company Ilmlted by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 Achlgv•monts and perfom)anc• • Charltable actlvltles This year we oncg again fulfilled our Cofe alm ef ueatlng lh• largest church unty and evangelSstic event in the UK. The 81g Church Festival continued lo be very powlar wlth over 30.000 peopl& plus volunteers gathering lo worship together and creat8 spa¢¢ for evangelism. The event producllon team and Trustees remain committed to the vision that through creating a space for unity. worshlp and evangelism. the Big Church Festival might be Ilghl on a hill for thè church in the UK and wll ConnUe lo welcome all and gather al Wiston HoL4S8. We are ¢onlinually learning, and wrestllng wllh. the Greenfield Festival Model whlch embraces a differ8nl buslne5s model lo other smaller events. Our festSval 15 not simply a scaled-up conference that relies in the maln on ticket revenues, bul has developed an economi¢ model that relies al all limes on healthy ineome streams from Ilckel8, concesslons and spon¥orshlp Including donor 4nd grant fvndlng. Fln•nclal r•vlow • Golng concorn The Iru81ee8 have carefully consldered the chartly's abillly lo contlnua as a going concem. In reachlng thelr conclusion, the Iruslee8 hav8 reviow&d cash-flow forecasts, plannod inlgmal co81 control Improvements, staff appolnlmgnls 8nd Secured donor 5UPPOrt. Based cn this review, the truste88 have concluded that 11 1$ approprlale lo prepare the flnanclal slalgmen18 on a golng eonc¢rn basis. Further detalls regarding the adopllon of the 9olng ¢on¢¢rn bas18 can be found In the accounllng poll¢les. • Rer4e3 pollcy Thg Gharll¥8 reserves po8ltlon ha$ bgen slgniflcanlly Impacted by thè deffdl Incurred durlng the year. The Iruslees recognisa that the charity's reserves are below the level considered 8ppropriale to SUPPOTI the charlty's 8¢1ivilies and fingnrial rl8kg. Reslorallon ol re¥ervg3 forms a key element of the charity's financial recovery strategy. • Flnanclal pfjrformance The charity recorded a deficit of £668,541 for the year ended 30 Seplembar 2025. The Iruslees recognlse the seriousness of Ihls financl81 po811ion and have undertaken a detailed review ol the circumstances which gave rise lo tho deficit. Investigations Idenlifled signrficanl waaknèsses In the charity's in18mal financial controls, management T8POrting processes and financial ovarsighl 8rrang8ments. A8 a eonsequence, Ihe truste¢8 1* not made aware of the extent of the eharitys financial difficullles. Thè trustees hove revlewed the clrcumstances surrounding the deficit and are taking appropriate professional advico regarding governance, financial management and fUre operational arrangemants going forward lo ensure that appropriate systems and control$ are gslablishgd to safeguard the chantys assèts and future operallons. Poge 3
BIG CHURCH FESTIVAL LIMITED (A company Ilmlled by guarantse) TRUSTEES, REPORT ICONTINUED} FOR THE YEAR ENDED 30 SEPTEMBER 2025 • Prln¢lpal fundlng We are a not for profit event, and are bless8d with key supporters, who have invo$led heavily in the vision of the Big Church Fgslival. That vision sees Us reaching out lo as many of God's people a3 we can. vthich is why we are able lo offer a subsidlsed Ilckel prlclng model. Our lickel revenues cover around two thirds of the event cost, with concessions, sponsors & the 98narosily of numerous donors meèting Ihg funding shortfall. Structure governance and management • Con•tltutlon Blg Church Fesllv81 Limlled 18 Tegislered as a charllablo company limited by guarantee and wa$ set up by Memorandurn of AswGiatlon. The eharily 1$ controlled by 118 goveming document. a Memorandum of A680clatlon. and ¢on8111ule¥ a Ilmlled company, limited by guarantetr, as defined by the Companies Act 2008. Methods of •ppolntmont or el•ctlon ol Tru8t••8 Tho manag8m8nl ol the Group and the company 1$ tho responsibiltty ol the Trustees who arg glectsd and c opted under the terms of the Articles of Association. Tho 808rd re¢o9nises the importance of on8urlng that TnJBtg9$ po$s¢$s the knowledge. 8k1118 and undèrstanding necessary lo fulfil their duli88 and responsibilities. N•w Trusleos wlh receive an inductSon coverlng the CharKY5 purposes, governing docum&nl, $lr8legi¢ priorities, governance framework. finances, princlpal rlsk8 and awarene88 of key policiey. Tru31985 aro provlded with relevant Ch8rily Commission guidance, including CC3.' The Essonlial Trustee and CC29.. Conflicts of Interest, and are expected lo famillarls• Ihgm59lvgs with the respon61bilili&s of charity trusl888. The Charity supports the ongolng developrngnl of Trusloes through briefings, governance updates and acces8 10 exlgrnal guldance ané Iralnlng where approprialg. The Board perfodlcally reviews ils collecllve skills, knowledge and experion¢g lo ensuce il remains effectiv8 in overseelng the Charity and acllng In Ils ksl inleresls. The organlsallon is a charrtable company Ilmiled by guaranlae, In¢orporg1gd on 19 January 2009 and regi818red as a Gharlly. The company was eslabllsh8d under a Memor8ndum of Assoclalicffj whlch establlshed the objects and powers of the charitable company and is governed under ils Artides of Associallon. In the event of the cornpany bolng wound up membèrs are required lo conlrlbule an amount not exceadlng £1. All of the directors glve their limg voluntarily and received no benefits from the chrity. Wl paymonls madg to related parties of the diredors and key management are sh(>wn as a note lo th8 account5. • Oiganlsatlonal struGturg and doclslon-maklng pollcles The organlsallon is a charitable company limited by guarantee, Incorporated on 19 January 2009 gnd registered as a charity. The company was established under a Memorandum of Association which established the objec15 and powers of the charitable company and is governed under its Articles of Assoclalion. In the event of the company being wound up members are required lo contribute an amounl not exceeding £1. All of the dlreclors give Ihelr tim¢ voluntarily and received no benefits ffom the charity. Ml payments made to related parties of the directors and key management are shown as a note lo the accounts. Pg99 4
BIG CHURCH FESTIVAL LIMITED IA company Ilmlted by guarant•el TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 Structurè. goY8rnancg and managoment Icontlnuedl • Pollcles adopted for the Inductlon and tralnlng of Tru¥t09S All the trustees are already familiar wlh the practlcal work of the charity. Any rth Iruslees will be invited and encouraged lo attend training sessions lo famlliari¥e Ihgmselve5 the chartty and the context thIn which il oporatos as more fvIIy explained above. Plan8 for futurg porlods The trustees and wider Big Church Festival 10am are once agaln thron9 all Ihelr efforts into planning the next event 8nd developing the sile at Wlslon House lo welcome people from the UK and all over the world cfi the August Bank Holiday weekend starting on 28th August 20261 Statement of TruBt•o8' raspon•lblllt1•8 The Tru818e¥ Iwho are a180 the directors of the Company for Ihè purposes of company lawl ar8 r88pondbla for preparlng tho Truslg88' report and the financial slalemen15 in accordance wlh applicable law and Uniled lQn9dom A¢¢ounling Standards Iunlled Klngdom Generally Axepled Accounting Practlcel. Company law requlr05 the Tru8lee8 to prepare finandal 81atem¢nls for each flnancial Under company18w, Ihe Trustees musl not approve the financial statements unle$$ they are satisfi'ed that they give a true and fair view of the slate of affairs of thè Group and tho Company Ènd ol their incomlng r8sourcoJ and appllcallon of r•sour¢t$, including their ineomg and expenditure, lor that period. In preparing these financial slalemenls, the Trustee8 are required to.. 6elect 8ullable accounllng policies and thèn apply them con818lenlly,' obs8rv8 the methods and principles of the Charities SORP IFRS 1021., m8ke ludgm8nls and accounllng èstimates that are reasonable and prudent., ¥lale whether applicable UK Accounting Standards IFRS 1021 have b88n followed, subject to any mgt•rfal departUTgS disclosed and explainod in the financial slalemonls,. prepare the financial slalem&nl8 on the golng concem basis unle8s11 IB Inapproprfaio lo presume that the Group will continue in buslne85. Th• Trustees #re responsible for keeping adequate accounting records that ar8 sufficient lo show and gxplaln the Group and the Companvs Ir8n5aclions Bnd dlsclo$e with reasonable accuracy al any tlme the flnanclal posrtion of thè Group and thè Company and enable them lo ensure that the financAal slalemenls comply wlh the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and Ihts Company and hence for taking reasonable 8teps for the prevention and detection of fraud and olhgr ir¥egulanlie8. Dlsclosurè of Inforniatlon to audltors Each of the persons who are Trustees at the Ilme when Ihls Trusle•s' report 18 approved has confirmed th8t'. so far as that Trustee 15 aware, there is no relevant audit infomialion of which the charflable group's auditors are unaware, an that Trustee has taken all the steps Ihal ought to have been tskgn as a Twslee in order lo b8 aw?re of any relevant audit information and to establish that the charltable group's audllor8 are aware of that infomiation. Pagg 5
BIG CHURCH FESTIVAL LIMITEO IA company Ilmlted by guarnnteel TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2026 Audltors The 8udltors, Baltiknn Scofield Ltd, h8ve indicated their willingness to continue in office. Thg d•signated Trustees wll propose a mollon r88ppointing Ihe audllors at a meellng ol the TfU8legs. Approved by order the rnember8 of the board of TnJstee$ on 26 Jun• 2026 and 8lgned on their behall by. L•lgh Ic Hlll¥ Tru81ee8} Page 6
BIG CHURCH FESTIVAL LIMITED IA company Ilmlted by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BIG CHURCH FESTIVAL UMITED OpSnlon We have audlt8d the financial ststemenls of Big Church Fèstival Limited Ilhe 'parenl charitable companll and ils Subsidiaries Ilhe 'greup'l for the year ended 30 September 2025 which comprise the Consolidated slalemenl of financial activitie8, the Consolidated balance sheet, the Company balancè sheet. the Consolidated $lalemenl of cash flows and the related notes, Induding a summary of significant accounting policies. The financial reportlng framework that has been applied in thoir preparation is applicable law and United Kingdom Accountlng Standard8, including Financi81 Reporting Sland81d 102 'The Finandal Reporting Standard applicgblg in the UK and Republlc of Irelond, IUnSted Kingdom Generally Acceptad Accounting Prackn'cel. In our opinlon the flnandal slalemenls.. glvo a IrLte and falr vlow of th• slala of tho Group's and of the parent charitable compan18 affairs as al 30 Seplomber 2025 and of the Group's Incomlng resources and applicallon ol resources. includlng ils income 8nd expendllure for the year then ended., hav8 b8en property prepafed in accordonce wth Unilad Kingdom Generally Accepted AuntIng Practice.. and have been prepared In accordance with the requirom8n18 of the Charilles Act 2011. Ba•1• for oplnlon Wg conducted our audit in ¥ccoidance with Inlornallonal Standards on Auditing IUKI IISA8 IUKII and applicable law. Our r8sponslbllltlè8 under tho80 St8nd?rd8 are further described in the Audllars, responsibllilles for the audSt of the fi'nancial $latgmenls section ol our report. Wé are indepent1enl of the Group in accordance with thè ethical requirements that are mlevanl lo our audll of thg flnanclal 8latemenl$ In the United Kingdr)m, Including the Flnanclal Reporting Council'5 Ethical Standard, And we have fulflllgd our other ethical responslbililles In accordanco with these requirgmenls. We beli8v8 that the audit evidence we have oblalned is sufflcignl and approprialo lo prDvlde a bos18 for our oplnlon. Conclu$lons relatlng to golng conc•rn In audS1ing the finan¢ial stalemenls. wè have conduded that the Trustees, of the golng Concern ba818 of accounllng In the pr8parallon of the flnanciol statements 58 approprlate. Based on th• work we havg performed. we have not Identified any material uncertalnllo9 relallng lo events or conditions that. Indlvidually or collectively. moy cast significant doubl on the Group's OT the parent Charitable companls ability lo conllnue as a going concern for a period of al least twelve months from when th• financial staleTTi8nls are aulhorisod for158ue. Our responsibllilies 8nd the re8ponslbilili8s of the Trustees vhth respect lo golng concem are described in the relevant secllon5 of this report. Page 7
BIG CHURCH FESTIVAL LIMITED IA company Ilmlted by guar•ntsel IMDEPENDeNT AUDITORS, REPORT TO THE MEMBERS OF BIG CHURCH FESTIVAL LIMITED ICONTINUEDI Othor Informatlon The other information comprisos tho information induded in the Annual report other than Ihg financial statements and our Auditors. report Ihereon. The Trustees are responsible for the other infomialion containad wlhin the Annual report. Our opinion on the finanaal statements does not cover the other infomiation and, except lo the 8Xtgnl olhgrwse explicitly slated in Ouf report, we do not ¢xpr¢$$ any form ol assurance concluslon Ihereon. Our responsibility is lo rgad the other information and. In doing so, consider whether the olhef Information Is materially inconsi$lenl wlh the financial slalèmenl8 or tsur knowledge obiainad in the course of the audit. or otheM8e appears lo be materially misslaled. If we Idenllfy such malerbal inconsislenaes or opparenl malerlal mlsslalemenls, we arg roquired lo determine whether Ihls gives rl8è to a materlol misslatemenl in the finanu81 statements Ihemselvgs. If, based on the Wofk we have performed, w8 conclude th81 there is a m8l¢rlal misstslemenl of this other Information, we arè réquiréd lo report that fact. Wa have nolhlng lo report In Ihls regard. Mattor4 on whleh w• are rèqulred to r0PQrt by exc*pon W8 have nolhSng to reFQrt in respect of the folln9 matters vth8re the Charllies IAccounls and Reports) Regulallon5 2008 requSres u8 to report lo you If, In our oplnlon., the infoTmalion given in the Trustees, report is inconsislenl in any mat•rio1 rospect wth Ihe finandal 81alem6nls', or the parent eharilablg company has not kept sufficient accounting rècord8. or the parent charrtablfj ¢ornpany financial stslemenls are not in agreement with tho a¢counUng rgcords and relurn$.' or we have not rècèlvod all Ihg Inlormallon and •xplan8lons we requlfe for our audit. ReBpon•lbllltleJ of truBt•o8 AJ explalngd more fully in the Truslee8' r8sponslbililies slalement, the Trusl88s {who are al80 the directors of the charitable company lor the purpose$ of company law} are responslble for Ihg pr9parallon of Ihg financlal $lalèm8nl$ and for being satisfied that they glve a true and falr view, and tor such internal control as the Truslg0$ determine is necessary lo enable the preparation of fjnancial 3talemenls that are free from malerlal mlsslalemenl, whether due lo fraud or error. In preparlng the financial ststements, the Trustees are responslble for 8ssesslng Ihe Group's and th8 par8nl haritable compgny's ability lo ntinUe a3 a going concern, disclosin9. as applicabl8. matters related lo going concem and using the going concern basis of accounting Unle the Twslees gither intend lo liquidate Ihè Group or the parent charllable company or to c88se operations. or have no realistic alternative bul lo do so. Page 8
BIG CHURCH FESTIVAL LIMITED IA company Ilmlted by guarante•l INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BIG CHURCH FESTIVAL LIMITED (CONTINUED) Audltors. responslbllbtl88 for the audlt of thg flnanclal 8tatements We have been appointed a$ auditor under section 151 of the Charities Act 2011 and report in accordance with the Act and relevant regulations m8de or havin9 effect Ihereunder. Our objectlves are to obtain reasonabl8 assurance about wh8lher the flnanc1818lalemenls a$ a whole are free Irom material misslalemenl, whether due lo fraud or error, and to issue an Auditors, rgport that includes our opinion. Re8sonable a33urance is a high level of assurance, bul is not a guarantee Ihal an audit conducted in accordance with ISAS IUKI wlll always delect a m8lerlal misstalemenl when rt exist5. Misslalemenls ean ariso from fraud or error and ar8 considered malerlal if, indlvidually or In the aggre9ale, they could re850nably be oxpeeted lo influenc8 the econom d6usion$ of users taken on tha b88is of these financlal stal&merts. Irregularttl•s. includlng fraud, are instances of nonwcompliance wllh laws and regulallon$. We design procedureB In Ilne with our responsibililigs, oulllned abovg, lo delect material m5s51alem8nls in respecl of irresul8ri1ies. including frautj. The exlenl lo which our procedures are capable of detecting irregul8rille¥, indudin9 fraud 18 delailad below.. We obtained an underslandlng of the legal and regulatory framework8 that are applicable lo the charrtablé Company and delermlned that the m051 signlficanl are Iho$é that relate lo the r8POrting frarngwork in conlomlly with the requirements of the Companies Act 2006 and Charities Act 2011 ¥nd the relevant direct and Indirect lax ¢ompllance r•gulallons in th8 United Klngdom. We undtrrslood how the charllable company Is complyng with those frameworks by making enquirieB of management to understand how th¢ charitable company malnlains and communicat8$ 118 policies and pro¢8dures in these areas and corroborated this by r8vi8wing supporting d¢xumenlalion and mlnules of meellngs of those charged with govomance. W8 assassed the Suscepllbiltty of the charity's financi81 statements lo m818rlal mlsslalemgnl. Including how fraud might occur by consi¢Jering the risk of management ov8rrid8 lo be a fraud rl8k. In addition, we con8ld8red the rlsk of management ovèrride by 50mpling from th8 antire population of journals, iden11.ng specific transactions which did not mog1 our exp8clallons based on 8peclllc crllerla and inve8ts'gated the$& lo gain an underslandlng and then agree back lo source do¢um?nlalion. Basèd Qn Ihls underslandlng we designed our 8udil proceduros to Idenllfy noncompllonce wlth 8uth 18W8 and regulallons. Our procedures involved ver1"ng that material transactions were racorded in compliance wlh Flnanclal Reportbng Standards in ¢onformlty wlh the requlrements of th• Companle$ Act 2008 and Charttles Act 2011. A rther description of our responslbllf(ies for the audll of the financial slalgments Is located on the Financlal Repgrting Council's website al.. Nvww.Irc .uklaudilorsres Thls description forms part of our Audilor8' report. Page 9
BIG CHURCH FESTIVAL LIMITED (A company Ilmlted by guarant••l INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BIG CHURCH FESTIVAL UMITED (CONTINUED) Uso of our report Th18 report is made solely to the charitable companvs Iruslees, as a body. in accordance wlh Part 4 of the Charilles IA¢¢ounls and Reports) Regulation¥ 2008. Our audit work has been undgrtaken 80 that we might slate lo th? Gharilable company'8 Iruslees those mattgrs we are required to slate lo them in 8n Auditors. report and for no other purpose. To the fullest exienl peimilted by law, we do not aGcepl or assume respon5ibilily lo anyone other than the charitable company and ils members, as a body. for our auaS1 work, for this report, or for the oplnlon$ we have fomied. Baldwln Scofl•ld Ltd Chartered aceountanls Slatulory auditors 3 Newhouse Busln¢83 Centre Old Crawley Road Horsham Wesl Su85eX RH124RU 26 June 2028 Baldwln S¢ofipld Ltd are ellglblè lo act as audllors In lamis of Sectlon 1212 of the Companles A¢1 2008. Page 10
BIG CHURCH FESTIVAL LIMITED IA ¢ompany Ilmlted by guarnnttrel ONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 30 SEPTEM8ER 2025 Unr•strlctod funds 2025 Rgslrbctod funds 2025 Totsl lund$ 2025 Total fvnds 2024 Noto Incom• from: Oonallon8 8nd leg8¢les Charitable actlvllies Othor Iradlng actlvltl8s Investments Other Incomo 436.870 4,429,046 17,591 1501 24.703 436,870 4,429,046 17,591 150) 24,703 274,451 3.657, 777 179,174 (28) Total Incom• 4,908.160 4.908,160 4,111,374 Expèndbturo on,. Raislng funds Charllable actlvllle8 07,349 6,484,815 87,349 6,484,815 28,448 3,668,297 Total oxp•ndlturn $,572,164 6.572,164 3,696, 745 Net movemgnt In funds beforo oth•r fecognl¥od galnslllogs•sl 1664,0041 1664,004) 414.629 Othor r•cognlsod galn81{1os$••l: Other10s$es 12,5371 12,637) (2,347? Net mov•m8nt In fund¥ 1666.6411 1688,541) 412,282 R•conclllatlon of fvnd8: Total funds brought fomard N81 movement in funds 7,324 1686,fj411 2,900 10.224 1668.6411 (402,058) 412,282 Total funds carrl•d forward 1669.2171 2,900 1666.3171 10,224 The Con8olldaled statement of financl81 activltles includes all galns and105s8s recognised In the year. Th8 notes on pages 16 lo 32 form part olth8se financlal 5talernenls. Page11
BIG CHURCH FESTIVAL LIMITED IA company Ilmlted by guaranteo) REGISTERED NUMBER: 6794709 CONSOLIDATED BALANCE SHEET AS AT 30 SEPTEMBER 2026 2026 2024 Flxed assets Tangible assets 13 13.612 23, 766 13,612 23. 766 Curront a88•ts Debtor8 Ca¥h al bank and hand 15 267,440 920,494 410,354 85,802 1,187,934 496. 156 Curr•nt Ilabllltl•i Crfjdilors,. amoun18 falling dua within ono year 16 11.857.782) f509,698) Not curront Ilabllltle• {669,8281 (13,542) Total n•t a•••t• 1606,3161 10,224 Charlty funds Reslricled funds Unresldcled funds 18 18 2,900 1659,2161 2,900 7,324 Total fvnd8 1656,3161 10,224 The Company w88 entftl8d lo •x?mpllon from audll under 8oction 477 of Ihg Companies Act 20C6. The members have not rèquired thè éntity lo obtaln an audlt for the year in quesllon In accordante w6th section 476 of the Compani85 Act 2006. However, an audit is requlred in accordance wih 8eclion 151 of tho Chants'gs Act 2011. Th6 Tnjslees a¢knowledge thelr respon8Sbllilies for complylng ¥th the requirements of the Act wlh regpecl lo accounting records and preparation of finaneial &lal¢ments. The financial slalement8 have been pr8parod in O¢¢OTdan¢• ¥th the provi¥ion$ appllcable lo enlllle8 gubjacl lo the Small companSes regime. The financial statements were approvèd and authorised issue by the Tru¥lee5 on 26 June 2026 and slgned on their behalf by.. Lelgh Brfan Hllls (Chair of Trustee51 The notes on pages 16 to 32 lo part of these financlal statements. Page 12
BIG CHURCH FESTIVAL LIMITED IA company Ilmltèd by guarantee) REGISTERED NUMBER: 6794709 COMPANY BALANCE SHEET AS AT 30 SEPTEMBER 2025 2026 2024 Not• Flxfjd assgts Tanglblo a88818 Investments 13 14 13.612 100 23, 766 100 13,612 23,866 Curr•nt a88•ts D•btors Ca8h #t bank and in hand 15 266,937 911,039 412.629 T5, 720 1.177,978 488,349 Curr•nt IlabSlltl•• Credllors.. amounts fallln9 duo wllhln on8 yèar 16 11,866,200) (507,962J Net current IlabSlltlas 1678,2241 (19.613) Total n•t ••¥•t• 1884,6121 4,253 CharSty lund• Reslrlcled furKI¥ Unr6slrlcted fvnd¥ 18 2,900 2,900 General fund8 18 1667,5121 1,353 Total unr88trided funds {667.6121 1,353 Total 1664,6121 4,253 The Companls net movement in funds for the year was £1819,2441 (2024- £426,895). The Company was •ntilled lo exemption from aud6t under sectlon 477 of the Companles Act 2008. The members havg not required the entity lo obtaln an audit for the year in question In accordance with seclSon 476 of the Companies Act 2006. Howgver, an audit is required in acttjrdaneè wlth section 151 of the Charitie¥ Act 2011. The Trustees acknowledge their responsibilitie5 for complw'ng with the requlremenls of the Act wlh respect to a¢counting records and pieparallon of ffinana'al ¥latements. The financial statements have been prepared in accordance ¥th the provi$lon$ applicable lo entities subject lo the srnall companies regime. Page13
BIG CHURCH FESTIVAL LIMITED IA company Ilmlted by 9uaranteel REGISTERED NUMBER: 6794709 COMPANY BALANCE SHEET {CONTINUEDI AS AT 30 SEPTEMBER 2025 The financlal statement8 wer8 approved and authorfsgd for issue ty the Trustees on 26 June 2028 and 8lgned on their behalf by.. Lolgh (Ch nHII of Trustees) he nolos on pages 16 to 32 fom part of tho$8 financial statements. Page 14
BIG CHURCH FESTIVAL LIMITED IA company Ilmlted by guarantee) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2025 2024 CaBh flows from operatlng a¢llvltl?s Nel cash used in operating aclivili8s 838,382 (474.374) C•Bh flows from Invostlny Jcllvltles Purchase of tangible fixed assets Forelgn curren¢y gains Inl•re81 Income {1,1061 {2,6361 f25,080) (2,347) (28) N•t cash u8•d In Inv•stlng aetlvltl•B 13,6921 127,4551 Ca•h flow• from flnanclng actlvltl•• N•1 ca8h provlded by flnanclng actlvltle8 Chang• In cash and cash •qulval•nts In tho year C88h and c8Bh equlvalents al tha beginning of the year 834,890 {601,8291 587,632 86,803 Ca•h and ca•h oqulval•nts at tho end of th• y•ir 920,493 85,803 The nol•s on pages 16 10 32 form part ol the88 financial statements Page 15
BIG CHURCH FESnVAL LIMITED IA company IlmitÈd by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 G•n•ral Infom)atlon Big Church Festival Limited 1$ registerod as a charitable mmpany Ilmiled by guarantee and w¥s set up by a Memorandum of Assoclatlon. Ac¢ountlng pollclos 2.1 Basls of pr8paratlon of Ilnanclal statgment8 The financlal statements have been prepared in accordance with the Charilles SORP IFRS 102) Accounllng and RgPOrtSng by Charities.. Statement of Recommended Practice applicable lo chari1188 preparing their aecounls in accordance with the Finan¢ial Reporting Standard applicable in thg UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, th¢ Financial R&porting Standard applicable in the UK and Republtc of Ireland IFRS 1021 and the Companles Act 2006. Big Church Fesllv81 LIMIt meets the d&fln*ton of a publlc b8nefit enlily und•r FRS 102. As891$ and Ilabilili¢s are initially recognised al h18torfcal cost or trans8cllon value unlegs olh8lWl8e slated In thè relevant accounting pollGy. The Consolidated slalem8nt of flnanclal activities ISOFAI and Con80lidaled b8lanca Sh801 consolidate tho financlal sla18ments of the Company and ils subsidiary undertaking. The re8ull$ of the subwdiary are consolldaled on a line by1Sne ba818. The Company has taken 8dvanlagts of the exempllon allowed under section 408 of the Companies Act 2006 and has not presenl¢d118 own Slalemenl ol finan81 acllvllio¥ in these flnancial sla18menl8. 2.2 Income Al Income Ss fecognSsed once the Comp8ny ha5 enlitlemenl lo the income. il is probable that the Income will be receivo¢J and the amounl of Income rec8lvable can btr measured rellably. Gran18 are Includ6d in the Consolidated slalemenl of linandal acllvllS88 on a roceivable basls. The balance of income recelved for specific purposes bul not expondèd during the period is shown in the relevant funds on the Balance sheet. Where Income Is receivgd in advance ol enli119menl of receipt, its recognilis)n is deferred and included in credllors as ¢Jeferred Income. Where enlitlemenl o¢¢ur8 before inctsmè is received, the Income is accrued. Income lax recoverable In rel811)n to Inv•8tmgnl income 1$ recognised al the tsmo the Investment income is receivable. 2.3 Expendltur8 Exp&ndlliire Is recognlsed once there is a legal or constructive obllgation lo transfer economlc bènèrrt lo a third party, il is probable that a transfer of economic benefits will be rèquired in settlernenl and the amount of Ihg obligation can be measured reliably. Expenditure Is classified by activity. The costs of èach activity are made up of the total of dlrgct costs and sharad c0515, includlng support ¢0818 Involved In undertaking aaeh activity. Direct co$1$ attributable lo a single activity are allocaled directly to th81 activily. Shared costs which contribute to more than on8 activity and support cos15 which aro not attributable to a single activity are apportion9d beiwèen those activttles on a basis consislenl with the use of resources. Central staff wsts are alloca18d on the basis of lime spent, and dèpreciation charges allocated on the portion of the a58el'3 use. Expenditure on charitable actlwties is incurred on directly undertaking the activities whith further the Group's objectives, as well as ary associalad support CO81s. Page 16
BIG CHURCH FESTIVAL LIMITED IA company Ilmlted by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accountlng pollcles Icontlnuedl 2.3 Exponditurn Icontlnu•dl All expendllure 1$ In¢luslve of irrecoverable VAT. 2.4 Int•r8st r•c•lvable InleTesl on fund8 held on deposit is included when receivable and the amount can be measured rellably by th8 Group., Ihls is normally Lspon nolillcalion of the Interest pald or payable by the Inslitulic with whom the funds are deposled. 2.5 Tanglble flxed assots and dgpreclatlon Tanglble flxod assets cosllng £NIL or more are capitali8ed and recogn1s8d when futuro economlc beneflls are probable and the Gosl or valu8 ol th8 8s881 can be measured reliably. Tangible fixed assets ar8 initially recognised al co81. After reco9nilion, under th• co81 model, tanglble flxed a888ls are measured at cost less accurnulaled depreci8lion and any accumul8led impalrménl 108se8. All cost¥ Incurred lo bring a tangible flxed a$sel into ils intended working condillon Should be Induded in the measurement of c081. Depreciallon 18 char9ed so as lo allocate the cost of langlble flxed asset$ le58 tholr re8Ktual value over Ih?Ir e•tlmated uJ•ful Ilves, u8ln9 th• 8tralghl-Iln• method. Depr8c4alion18 provlded on th• follon9 ba818.' Computer •qulpment 330A cn cost 2.6 Invo8tm•nts Flxed 88sel Inv•3lm•nls gre a form of financial Instrument and gre Initially rgcrynlsod al their transaction ¢ost and 8ubsequenlly measured al f8Ir value al the Balance sheet dale, unless the value cannot be mea$ured reliabty in which case 51 is measured al co81 le8s Impalmonl. Inv8slmenl gain6 and losses, whether realised or unr8allsed, are combined and pr859nl8d as 'GalnsllLo8sesl on Invg8tmenls' in the Consolldated Slalement of financlal 8elivilies. Investments In subsldlaries are valued at cost le85 prO$10n for Impalrment. 2.7 Dgbtors Trade and other dfjbtors are recognS8e¢J at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid nel of any trade ¢Ji$wunts du8. 2.8 Cash at bank and Sn hand Cash at bank and in hand in¢lud8$ cash and $hort-leTm highly liquid inve8lmenl$ with a Short matunty of three months or less from the date of acqulsltlon or ownlng of th¢ deposll u slmllar attounl. Page 17
BIG CHURCH FESTIVAL UMITED IA company Ilmltsd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accountlng pollcles l¢ontlnuedl 2.9 Llabllltl81 and provlslons Llabililles are Tecognised when there 1$ an obligation at the Balance sheet dal8 as a result of a past ovenl, il is probable that a Ir8nsfeT of economic benefit wlll be required in selllemenl, and the amount of the settlement can be 8slimaled reliably. Liabilrties are recognisèd at the amount Ihal the Company anlicipales il wll pay lo sellle the debt or the amount il ha8 received as advanced payments lor the goods or services il musl provide. Provisions aT8 m888ured al the be81 estimate of the amounts required lo sellle the oblig8llon, Whgre the effect of the lim? value ol money Is maleri81. the provision is bas8d on the present value of those amounts, discounted at the pre-tax discount rBle that reflects the ri8ks spècifi¢ to the liability. The unwindlng of the dls¢ounl Is recognlsed In the Consolidated Stslémenl of financi81 activilieg 89 flnance c061. 2.10 Fln*n¢lal Instruments The Group only has finana81 assets and finan¢lal liabllities of a kind th819ualify as basic financial Inslrumenls. Baslc financlal in51rumgnl8 ¥rg inlllally r8cognised al Iransaclbon value and subsequenlly measured al Ihelr seluement valuo with the exception Df bank 108ns whlch are 8ubsequenlly measured al amortised cost u¥lng the effective Interest method. 2.11 Ponslon8 The Group operates a deflnod conlrfjbulion pension scheme and the pension charge represent8 the amounts P8yable by the Group to th8 fund In respèct of the year. 2.12 Fund accountlng G?n8ral fund¥ are unre8trlcted lunds whlch ere avaIlalO for use al the discretion ol Ihg Trustees in lurth8r8nc• ol the general oblectives of the Group 8nd wnlch have not en do9ignat¢d for oth•r purpo$85. Restricted funds are lunds which are lo be used In accordance with specific raslriclions imposed by donors or which have been raised by the Group lor partlcular purposes. The costs of raising and adminlslerlng Such funds are charged against the 3peclfic fund. The aim and use of each restricted fund 18 set out in the notes to the fln8nc18181atemenl8. Inv08tment income, gains and1088ès are allocated lo th8 approprialg fund. Page 18
BIG CHURCH FESTIVAL LIMITED IA company Ilmtied by guarant9•1 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Incomo from donatlons and lègacles Unrostrlctsd funds 2026 Totsl fundpj 2028 Donatlons 436,870 436,870 Unreslncled funds 2024 Total lunds 2024 Donatlons 274,451 2T4,451 In¢om• from charltsble actlvllf Unr•strlcted funds 2025 Totsl nd# 2026 Income from ¢harftokle actlvltles 4,429,048 4,429,046 Unrgstrfclgd funds 2024 Total funds 2024 Income from ¢harilable actlvllles 3,657, 777 3,657, 777 Page19
BIG CHURGH FESTNAL LIMITED IA company Ilmlled by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2026 Incomo from othèr tradlng actlvltle8 Incom• from non charitable tradlng actlvltles Unrfjltrlcted funds 2026 Total funds 2025 Onling Ilckel 8ale6 17,591 17,591 Unrestrtcled lunds 2024 Total funds 2024 Onllne Il¢kel salej 179. 174 179,174 Page 20
BIG CHURCH FESTIVAL LIMITED IA company Ilmltsd by guarnnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2026 Investment Incom• Unrestrlct•d fund$ 2025 Total funds 2026 Inv¢$tmonl income- Ioc81 cash 1501 Unrest17cled funds 2024 Total lunds 2024 Invg8lm•nt Income- lo¢al ca•h (28) (28) othor Incomlng r•aoU Unre•trlcted fund¥ 2025 Total funds 2025 Tol81 funds 2024 Olhgr operating inrnme Other Income 24.897 24,897 24.703 24,703 Page 21
BIG CHURCH FESTIVAL LIMITED IA Company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Analysls of èxpendSture on charitabl• aetlvltlès Summary by fund type Unrestrlctgd funds 2026 Total 2025 Dlrect CO8t8 of ¢harllable act1vleS 5,484,815 5.484.816 Unresli7cted funds 2024 Total 2024 Dire co81$ of chadlable acllvllles 3,668,298 3,668,298 Analysls of oxpondlture by actlvltle• ActlvStlos undertaken dlroctly 2026 Support osts 2025 Total funds 2025 DSrect ¢osls of charllable actlvltles 4.499,474 985,341 S,484,816 Aclfvllles undertakèn direclty 2024 Support costs 2024 Total funds 2024 Dlract costs ol charilable activities 3,016,205 652,093 3, 668,298 Pap 22
BIG CHURGH FESTIVAL LIMITED (A company Ilmltod by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Analys18 of expèndltur• by aetivitlu {¢ontinu•d) Analysls of dlrect costs Charltabl• actlvltles 2025 Total funds 2026 Staff co$18 Producllon c061s Event co$15 280.968 2,113.090 2.105.416 280,968 2,113,090 2,100.416 4.499,474 4,499.474 Ch8rlt8ble acllvi118s 2024 Tot81 funds 2024 Staff coJlJ Productlon costs Event 1* 129, 160 1.418, 147 1,468,898 129, 160 1.418,147 1.468.898 3,076,205 3,016,205 10. Audltor•' r•muner•tlon The 8udllors' remunerallon amount8 lo an audltor fee of £11,00012024- £10,50L71. P•ge 23
BIG CHURCH FESTIVAL LIMITED (A company Ilmlted by guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2026 11. Staff costs Group 2026 Group 2024 Company 2025 Comp8ny 2024 Wa9e8 and $818rie$ Social seeurlty costs Gontribulion to defined contributkin pension schemes 256,131 19,387 t19.049 7, 183 256,131 19,387 119,049 7, 183 5,460 2,929 5,460 2,929 280,968 129, 161 280,968 129. 161 The avèrage number of persons 8mployod by the Company durfng the year wa5 98 follow8.. Group 2025 No. Gmup 2024 No. Company 2026 No. Company 2024 No. AdmlnlBlr8llon The numb¥r of •mploye88 who•• employa• b•n•fils Igxcludlng •mployar pen8lon co8181 txceeded £80,000 wA5'. Group 2025 No. Group 2024 No. In the band £70,001- £80,000 In the band £90.001- £100,000 Durlng the year thè key management invoiced the charily Inel of VATI for Nerv15 rèndered as follows.. Management 180$ charged by kyard Ltd In whlch the promoter h45 an Interest, £72,213 12024 £78,654). Marketing ¢0s18 charged by Askyard Ltd in whlch the promoter has an Interest, £192,438 12024 £104,027). The promolar was employed by the charity from July 2025 and was paid a lolal of £32.645 during the yéar, In addition. he wa$ reimbursed expenses for the provision of u80 of home as office, t818phon8 eosls and travel expenses amounting lo £17,70612024.' £15,452). During the year the Irugtees and koy managemènt r9C9ived a numb8r of free tlckèts. These were for th further advancement of the charitable objects. 12. Truste•s' r•muneratlon and oxpgnses During the year. no Trusltsos recelved any r•munerallon Dr other benefits (2024- £NIL). During tha y•ar ended 30 September 2025, no Trustee expenses have been incurred (2024- £NIL). Pagg 24
BIG CHURCH FESTIVAL LIMITED IA company Ilmlted by guarantsel NOTES TO THE FINANCIAL STATEP4lENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 13. T•nglbl• Ilxèd 48sets Group C¢mputer oqulpment Totsl Cost or valuitlon Al 1 October 2024 Add+tlon8 60,246 1,106 60,246 1,106 At 30 Sgplember 2025 61,352 61,352 Depr•clatlon Al 1 October 2024 Charge for Ihg year 36,480 11,360 36,480 11,360 At 30 Septèmber 2025 47,840 47,840 N•t book valu• AI 30 Sèptémber 2025 13,S12 13,612 AI 30 Sgplgmbgr 2024 23, 786 23, 766 Page 25
BIG CHURCH FESTIVAL LIMITED IA company Ilmlted by guarantè•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 13. Tanglble flx•d ••8¢t• Icontinutdl Company Comput•r equlpmont Total Cost or ¥•luatlon At 1 Ociober 2024 Addlllons 60.246 60,246 1,106 At 30 Sgplember 2025 61,362 61,362 D•pr•cl•tlon At 1 October 2024 Chargo for tho year 36.480 11,360 36,480 11,360 AI 30 Septembor 2025 47.840 47,840 Not book valui AI 30 September 2025 13,612 13,612 At 30 Sgptombgr 2024 23, 766 23, 766 Pag¢ 28
BIG CHURCH FESTIVAL LIMITED IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 14. Flxed assot Investmont8 Invo•tm•nt• In sub$ldlary ompanlos ompany Cost or valuatlon Al 1 October 2024 100 AI 30 Sepleml)er 2025 100 N•t book v•lu• AI 30 S¢plember 2025 100 AI 30 Jung 2024 100 Prlnclpal subsldlarl•• Tha follng was a subsldlary undertaklng ol the Company., Nam• Company number Reglst•rfrd offl¢e or prfnclpal Prlnclpal actlvlty place of bu•ln•iB Big Church Llve Llmlted 08705651 62 The Slrèel, Rusts'ngton, West Tlck81 salo$ Sussex, 8N16 3NR Cla$$ of Shares Holdlng Included In consolldatlon Ordinary 100% Y88 The financial sU118 of the subsidiary for the year were.. Namo Income Expendlture ProfltllLossl I Surplu81 ID6flcltl for the yoar Net assets Big Church Live Limited 17,591 15,266 2,320 8,390 Pagfj 27
BIG CHURCH FESTIVAL LIMITED (A company Ilmltfjd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2026 15. Debtors Group 202S Gmup 2024 Comp•ny 2025 Company 2024 Duo wlthln on• y•ar Trade debtors Amounts owed by group undertakn'ng5 Other doblors Prepayments and awuod income T8x recoverable 244.189 72,854 238,301 5,385 72,854 2,902 627 265,827 71,046 124,SS6 1101,2841 124,555 1101,2841 265,827 71,046 267,440 410, 354 266,937 412,629 16. Crgdltor¥: Amounts falllng due wlthln on• yoar Group 2026 Group 2024 Company 2025 Company 2024 8ank ov•rdrafts Trad8 ¢r8dilors Other taxallon and soclal secudty Other creditor5 Accruals and deferred incom 320 348,014 2,226 806 158,532 320 347,478 2,226 431,892 14,005 1.140 1.410.725 431,890 13,745 1.140 1 A09.426 157,332 1,867.782 509, 698 1,856,200 507,962 Deferred income amounllng lo £1,047,051 rdales lo advance ticket sales in relallon lo the event that 11 be held in Augu312026. 17. Flnanclal In8trumènt* Group 2025 Group 2024 Company 2025 Company 2024 Flnanclal agsets Financlal assets measured at f8ir value through income and expendlture 920.493 85,803 911,039 75, 720 Financial assets measured at fair value through income and expenditure compris8 balancets held by banks. P8ge 28
BIG CHURCH FESTIVAL LIMITED {A company Ilmlled by guarantee) MOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 18. Statom•nt of funds Ststsmont of funds - current year Balance at 30 Galnsl Sgpternbor ILo$39s1 2026 Balancé at 1 October 2024 Income Expendlture Unrestrfcted funds General fund Res8rves 1,353 5,971 4.866.872 42,289 15,534,436) 137,7291 12,5371 1669,7471 10.631 7,324 4.908.161 16,572,164) 12.5371 1669,2161 Rostrlct•d fvnd• Blg Church Youth 2.900 2.900 Total of fund• 10,224 4.908,161 15,572,164) 12,5371 1656,3161 statement of fund¥ . prlor yg•r Balance 81 30 Jung 2022 B81Bnce al l July 2021 Gainsi (Los5esJ Income Expendllu Unre$trlct•d funds General fund Re¥grve$ (401,669J 3,932,200 (3,526,831J {3,288) 179,174 (169, 915) (2,347) 1,353 5,971 (404,95TJ 4. 111,374 (3,696, 746) {2,347J 7,324 R•8lrlet•d funds Blg ChurGh Youth 2.9¢XI 2,900 Total of fvnds (4Q2,057) 4, 111,374 (3, 696, 746) (2.347) 10,224 Page 29
BIG CHURCH FESTIVAL LIMITED {A company Ilmlted by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 19. Summary of funds Summary of funds. currontyear Balanco at 30 G•ln$l Soptembor (Losseyl 2025 Balance at 1 OctoboT 2024 Incomo Expondlturn General funds Reslri¢ted funds 7,324 2,900 4,908,161 16.672.164) 12.5371 1659,216 2,900 10,224 4,908,161 15,672.1641 12,5371 1656,316} Summary offunds- prlor year 8&lance al 30 Sgplgmber 2024 8al8nce &1 1 July 2023 Gain (Losses) Incon78 Expenditu General funds R8slrtcled funds (404,957) 4,111,374 (3.696, 746) 2,9¢XI (2.347) 7,324 2,900 (402,057? 4, 111,374 {3,696, 746) f2,347) 10,224 20. Analysls of n•t a8S•ts bgtwgqn fund8 Analy818 of net as••ts between fund¥ . Current yoar Unrastrl¢ted RestrS¢t•d funds fund¥ 2026 2025 Total fund$ 2025 T8ngible fixed assets Current a88et$ Creditor8 due w61hin one year 13,512 1,185,034 11,857,782) 13.512 1.187,934 (1,867,762) 2,900 Total {659,2161 2,900 1656.3161 Pagg 30
BIG CHURGH FESTIVAL LIMITED (A company Ilmlted by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2026 20. Analysis of ng1 ¥s89ts botwegn funds Icontlnuedl Analysls of not assets beten fund8 - prfor year Unrestrted runds 2024 R8slrfcted funds 2024 Total lunds 2024 Tangible fixed o¥¥els Current assets Credltor8 due vAlhin one year 23,766 493.256 (509.698) 23, 766 496, 156 (509,698J Total T,324 2,900 10,224 21. Rgc¢nclllatlon ol n•t movgm•nl In fund• to n•t ca¥h flow from operatlng actlv5tlo• Group 2026 Gmup 2024 N81 incomelgxpendilure for Ihg ygqr las per Stslement of Flnanejal Actfvlllesl 1664,004} 414,629 Adlu8tment8 for. Deprec1811on charges Interest Incom8 Decroasellin¢reaso1 In debtors Incr6a8elldecrea881 creditors 6,042 28 (47,241) (847,832J 60 142,913 1.348.063 Net cash provldfrd byllus•d In) op•ratlng actlvltl•• 838,382 (474,374) 22. Analysls of cash and cash oqulvalgnts Group 2025 Group 2024 Notlce deposlls (less than 3 month81 920,493 85,803 Total cash and cash gquS¥a19nts 920,483 85,803 Page 31
BIG CHURCH FESTIVAL LIMITED {A company Ilmlted by guardnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 23. Analysls of changes In ngt debt At1 Octobgr 2024 Ca8h flows At30 September 2026 Cash al bank and In hand Bank overdrafts repayable on demand Dèbt due after 1 y•ar 86.803 3201 834,690 320 920,493 86,483 835,010 920,493 24. Pgn¥lon commltm•nts The group operates a d&finod ¢onlributlon pension scheme. The assèts of th• scheme are held soparaloly from those of the group Sn an Indgpendenlly 8dminlslered fund. Tho pension cost charge represents conlribullons payable by Ihg group lo the fund and amounted to £5,450 12024 £2.9291, ConlnbutJon8 amounting to £1,14012024 £6C81 w•r8 payable lo the fund at the bal•n¢g sheet dale and are Included In creditors. 25. Post balanc8 Jh8•t •v•nts Sub88quent lo the year end, Ihg Trusl8es commlssioned an Indepond•nl voluation of certaln Inlelledual property asset$ owned by tho charlly. The valuation was und•rtakan by Inn901 Llmlleil, 221 Hl9h Street, Swansea, SA1 1 NW, and concludod that the intellectual proporty had an eslimaled value of £540,000. As the v81u811on was completed after the b81ance sheet dale and relates lo inlomialion and clrcumslan¢e$ identified subsequent lo that dale, the Tru$lee$ have determined that this represents a non-adjusling event under FRS 102 Section 32 and the Charitie8 SORP IFRS 102). A¢cordingly, no adluslmenl has been made lo the amounts recogni88d in these financial 8lal8ments. The Trustees consider Ihe vglualion lo be a potentially signifi'cant developmonl in 8ssesslng the ¢hariW5 a5$81 base ond future ffinancial posillon. However. further work and advice Is requlred lo determine the extent lo which the inlelloctU81 property may generate future economic beneflls or support the charitls ongoing aclivilie$ and wll ¢onlinue lo asse88 the impacl of the polgnlial inlgllectual property asset and strategic developrnenl of the charity, Page 32