GREEN PASTURES, THE PEOPLE'S CItURCH AND SUBSIDIARY COMPANIES ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 315tAUGUST 202S Registration Nl 062702 GRFEN PASTURES, THE PEOPLE'S CHURCH AND SUBSJDIARY COMPANIES CONSOLIDA TED AccoufqTS ST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGusf 2025 Pages Report of the Directors Tndependent Audit015 Report 8- 10 Con501Edaled Staternent of Fillancial Activities Consolidated Statement of Financial PosilionlBalance sheet 12 Company Statement of Ftnanci&l Positionl Balance sh£et Consolidated Siatement of Changes in Funds 14 Consolidated Cash Flow Statement 15 Notes to the fmancial statements GRKEf4 PASTURES, THE PEOPLE'S CHURCH AM) SUBSIDL4RY COMPANIES CONSOLIDATED ACCOUNTS REPORT OF THE DIRECTORS (INCORPOK4TING TRUSTEES, REPORT) The Directors (who aiE a150 the trustees) are pleased to present their annu￿ repon together with the fman¢ial statements of the charity for the ytar ended 31" August 2025, which are prepared to meet the requirements for a diTectors' report and accounts for Cornpanies Act putposes. The directors have adopted the provisions of the Companies Act 2006 and Accounting and Reporting by Charities.. Statement of Re¢omrnended Practice applicable tts charities preparing accounts in accordance with the Financial Reporting Stand￿d appliLable m the UK and Republic of Ireland (Charities SQRP- FRSI 02), in preparing th¢ annual report financial statements of the charity. Aehievements and perforrnanee It is our primary desire to be at) active and vibrant, 21st eentury ehurch, that reflects the heart of Christ our saviour in every way. We are conunitttd to building a Sp￿lt-fIlled people who arc in5piredby Christ enjoying us, eiijoying Him. A people who are driven by compassion to reach lost and hurting people, and to be a transfom]ing presenoe in the cornmunities we serve. Believing that our communities greatest need is the Lord Jesus Christ. In the year 2025 audience attendances w￿e CODSlStently rnaintained at our Sunday S¢rvices, which now includes a regular Sunday EvenI￿g 5eTrice once monthly. Attendance and engagement at all other scheduled meetings throughout the week rem&iii strong, with particularly improved numbers in our kids and paretkt sectors assessed across all means of interaction. Volllnteer supply and trainillg participation has i]nproved within all millistries. We are thankful for the ialenrs and abilities of our volunteers who give many hours in service, for the benefit of the church and the COTnmunity in the achievemen( of our charitable m]￿s. It is our greatest joy that many people, of a]1 &ge group5, have come to faith in Christ during this year. In accordance with biblical order, many were subseqllenily baptised at our special servic¢, among th¢m thos¢ of other fellowships thatrecognszed the scriptur&l warrant to do so. Planted Inernbership classes continue to flouiish this year, with additional members being welcomed into fellowship, drawn fTom those atready adherent lo the church and thos¢ entirely new to olli. fellowship. We continLLe to be re¢odiized as a family church, with provision and place for people of all ages. The numbers of young children and infants have increased significantly in the pastyear. The Chi￿ch also provided many hours of Pastoral C￿e not only to its adlllt members, but also to the eldeTly and those in need of support within thE widtr conllnunity. We are pleased io report that all outstandin. building oosts have now been settled in full, with additional inierior fit-out programs now well underway. The church is thankful for continued congregational support through tithes and gifts, which SW8tain all operational &Dd miJ)istry costs. All n]inistries arenow well established and growing both in attelldEe5, people served by eacb ministry &nd Thith aclÈve volunteers. The"Gaieway" Project exists for the benefit of the local arei particularly Ballymena, and seeks lo be a blessiT]g to our city by provk(ting social value and helping to stllnulate lasting spiritual, social economic regcneratio Finallcial review and fund5 policy The income of Green Pastures. The People's Church is testalljent to the lovely giving heart of its people and io God's promise that if we act in faith with careful planning, He will release His provision. Freewill offerings alld associated gift aid continue to be the principal funditig sources of the Group. along with tr&ding income of the Group subsidiaries. Thig income is used to support the various mitlistries of the Group and to Tneet the day-to-d&y operational costs. The breakdown of this is provided in tbe Statement of Fina]L¢ial Activities on page I l. During the year the Group bad total income of £887,565 &nd total expendilure (If £700.346 resulting in a nei surylus of £187.219. The net surplus for rhe period as shown in the statement of f￿ancial activities on page I I has been transferrtd to the group's funds andhas resulted in an increase in total GTOUP funds from £22,705,618 to £22,892,8J7. Detai15 Df the t-mancial position of the Group at the period policies. The f￿an(la] reporting fraTnework that ha5 been applied lli their preparatloll 15 applicable Ihw and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable ill the UK and Rep￿blIC of Ireland {United Kingdom Gen£ially Accepted Accounting Practi¢e}- {ch￿ltIeS SORP (FRSI 02)). In our opinion the financial statements.. give a true and fair view of the State of the Group's aiid Parent Charitable Compally'5 affair5 as at 31, August 2025 and olitg incoming resources ￿)d their application for the period then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accollnting Practice., and have been prepared in ac¢ordaace with the requirements of th¢ Cornpanies Act 2006. Basi$ for opinjoij We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (LIK}l a￿d appticable law. Our responsibilitie5 under those standards aTe fi￿her described in the Auditor'5 responsibilities for the audit of the financial statetnents section of our report. We are indepeiident of the GTOUP and Parent CO￿panY in accordallce with the ethicai requirernen15 that are relevant to our audit of the f]nancial slateTnen15 in the UK, 1￿cludIng the FRC'S Ethi¢al Standard. and we have fiifilled our otheT ethical responsibilities accordance with these requirernent5. WE believe that the audit evidence we have obtained is sufficient and appropriate to PTovide a basis for OUF opinioIi. Conelusion$ relating to going concern In auditing the financial statements. we have con¢liid¢d that rhe directors, use of the goin(Y concern basi5 of ￿countIng in the preparation of the fu￿￿claI statements is appropriate. Based on the work we have perfotmed, we have not idcntifitd any material un¢ertaTnties relating to evenis or condiiions that, individually or colleciively. may cast significant doubt on the group and parent company's ability to ¢ontinue as a going concern for a period of at least twelve months from when the fmancial statements are authorised for issue. Our responsibilities and the responsibilitie5 of th6 directors with re5pectto goin(T concern are described in the relevant sections of this report. Other iuformation The directors are responsible for the other information. The other infomiation comprises the infomiaiion inelllded in the annual report, other than tbe fmancial statements and our auditor's report thereon. Our opinion on the financial statements does ntst Cover the other itttollllation alld, except to ¢he extent otherwise explicitly Stated in our report, we do not express any fonn of assuraiice coiiclusion there0￿. In coDrection with our audit of the ffiianciai statements. our responsibility is to read the other infom)8tion and, in doing 50, consider whtther the other inforn]atiOn is Tnatertally inconsistut with the financial 5tateFnenls OT OUT knowledge obtained in the audit or otherwise appears to be materially misstated. If we ideniify such inaterial iDconsistencies or appar£nt material Iriis5tateTr6nts, we art required to determine whether there is a material rnis5tatemfflt in the rEna￿claI 5tat¢ments or a material misstatement of the othtr illfomjation. If, based on the work we have p8rfornied, we conclude that there is a material rnisstatement of this othu infoxn]ation, we are required to report that fact. We have nothillg to report ill this regard. INDEPENDENT AUDITORS, REPORT TO THE i¥IEMBERS OF GREEN PASTURES. THE PEOPLE'S CHURCH AND SUBSIDIARY COMPANIES (conliptueil) Opinions on other matters pr¢scribed by the Companies Act 2006 In our opinion. based on the work ut]dertaken in the coursE of the audit.. the inforniation given in the Trustees/Directors' report for the financial period for which the financial statements are prepared is consistent with the financial siatements., and the TruSteeslD￿e¢1ors. report has been prepared in accordance wilh applicable leg￿ requirements. Matters on which we are requared to report by exceptio In the liJ(T t of the knowledge and underStandi￿g of the Group and the Parent CompaELy and its environment obtained in the cours¢ of the audit, we have not ideDtified material misstal¢mentS iti the di￿¢¢tors, report. We have nothing to report ill respect of the following matters in relation to which the Companies Aei 2006 requires US to eport to yoii if, in our opinion.. adequate arcowitiT)g records have not been kept by the Parent CoTnpany, or returns adequate for our audit have not been received from branches ttot visited by us. or the Parent Company fjnancial statements are not in agreement wkth the accounting records and returns. or ceitain disclosures of Directors, remuneration specified by law aTe not made,. or we have noi received all the Tnfomation and explanations we require for our audit., or the directors were ntst entitled to prepare the financial statements in accordance with the small companies regime d take advantsge of the small ¢ompanies' exemptlolls in preparing the director's reFrf)rt and from th¢ requirement to prepare a strdtegic report. Re5pon5ibilities of directorsltrustee5 As explained More f￿llY in the directors. responsibilitleS StateRnent15et ollt on page5 2 tts 7).. the directors {who are also the trustees of the chariiable company) are responsiblc for the preparation of the financial statements and for being satisfied that they give a true and faEr view, and for such internal control as the directors determine is necessary tts enable the preparation of financial siatements that are free from maierial misstatement, whetheT due tci fraud or error. In preparing the financial st&tem¢nts, the directors are responsible ttsr assessiT)g the Group's and The Parent Company's ability to eontinue as a going concen), disclosing, ES applicable, matttrs related to going concern and using the going concern bksis of accounting unless the directors either intend to liquidate the Group or Parent Company or to cease operations. or have no realistic alternative but to do so. Auditor's responsibilitie5 for tbe audit of the finaorial 5tatetnellts Our objectivts are to obtain reasonable assurance about whethei the fillancial statements as a whole are free from material 1155tatemcnt, whether dlle to fraud or error, and to 15sue an allditor's report that includes our opiiiion. Reasonable assllrance is a high level of assurance. but is not a guarantee that an audit conductEd in accordance with ISAS (UK) will always detect a aterial rnisstatement when it exists. Misstatements can ai'ise froin fralld or e￿or and are considered m&terial if, individually or in the aggregate, thBy could reasonably be expected to infliiencc the economic decisions of user5 taken on the basis of these f￿anCIal 5tatementS. As part of an audit in accordance with ISAS (UK), we exercise professional judgmeTIt and maintain professional sceptlelsm 1hroughoui the audit. We atso". Identify ¥md as5e55 th¢ risks of rnateri￿ rnisstat6￿¢￿t of the F￿ancial staternents, whether due to fraud or eFror, design and perfomi audit PTocedures responsive to those risks. wid obtain audit evidence that is sufficient and appropriate its provide a bttsis for our opinion. The risk of not detecting a rn&tcrial mi55tatement resulting from fraud is higher than for one resulting from em)T. as fraud rnay involve collusion, forgery, intentional omissions, misrepresentation5, or the override of int6rnal control. Obtaill an under5tandÈng of internal contrDI rclevant to the audit in order to desigll audit procedures that are appropriate it) the circumstances, but not for thE purpose of expressing an opinion on the effectiveness of the Group's imlernal control. INDEPENDENT AUDITORS, REPORT TO THE NtEMBERS OF GREEN PASTURES, THE PEOPLE'S CHURCH AND SUBSIDIARY COMPANIES (conliniierf) Auditor's re5pon5ibilities for the audit of the financial statements (tontinued) Evaluate the appropritkteness of accountin poli¢ies usedandthe reasonableness of aCcounti￿g e5timat¢s aT)d related disclosures made by the direciors. Conclude on the appropriaieness of the directors, use ofthe troing concem basis of accounting and, based on the audit evidenre obtained, wh¢th¢r a mateTial uncertainty exists r¢lat¢d to events or conditi(Ins that rnay cast sEgnificant Ltoubt on the Group's or the Parent CoTnpany's ability to Continue as a going concern. If we conclude thal a material uucertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the fiuancitsl stateinents or, if such disclo$ures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or ¢onditions may cause the Oroup QT Pai'ent Company to cease to continue a5 a going concenTr. EVal￿ale the overall presentation, structure 2nd content tsf the financial statements, intludii)g ihe disclosures, and whether the fLllancial statements represent the underlying transactions and events in a manner that a¢hieve5 fair presentation. Obtain sufficient appropriatc audit evidence regarding the financial infomation of the entities or business activities within the group to express an opinion on the congolidated fiiiancial statemenis. We are responsible for the direction, supervision and perfortnance of the group audit. We remain solely responsible for our audir opinion. W¢ communicate with those charged with governaDC¢ reg￿dillg, among other matt¢r5, the planned scope and tiTning of the audit aT)d s￿OnIfICant audit findings, includints any signifiLant defJLiell¢ies in iniernal control that we ideniify during our audit. Use of our report 'rhis report 15 made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the ¢ompany's mtmbers those Matte￿ wt are required to state to them in an auditor's report and for no other pllryose. To tlie fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit worK for this report, or for the opiniollS we have fomied. Peter Stevenson (Senior Statutory Aiiditor) For and on behalf of.. Stevenson & Wilson chart￿ed Accountants, Statutory AudktoT 22- 30 Broadway Avenue Ballymella BT43 7AA 19, May 2026 10 GREEN PASTURES, THE PEOPLE'S CHURCH AIYD SUBSIDIARY COMPANIES COINSOLIDATED ACCOUNTS CONSOLIDATED STATEMENT OF FINANCIAL AcfIviTIES 1Tr4CORPORATING INCOME ATr4D SY F.XPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2025 Unre$tri¢ted Funds Charitabl¢ 2025 Restricted Funds Cbaritable 2025 Unrestricted Fund5 Trading 2025 Total 2025 Total 2024 Nole Incorning resources Donations receiv¢d Charitable activities Turnover Interest received 421,823 942 218,966 9,471 640,789 10,413 236,022 341 503.685 19,820 99,324 236,022 341 Total income 422,765 228,437 236,363 887.565 622,834 Resollrees expended CharitE4ble activities Support cost5 Governance costs Trade operating expenses 26,112 324,969 16,600 59.616 95,452 85,728 420,421 16,600 177,597 89,581 472,571 17,500 93,653 177,597 Total expenditure 367,681 155,068 177,597 700,346 673,305 Net income before transfers 55,084 73,369 58,706 187.219 {50,471) Ttansfers between funds (7,700) 45,359 (37,659) Net incomel(expenditure) before taxation 47,384 l A8,728 21,107 187,219 {50,471) Taxation Net n]ovtment in funds 47,384 118,728 21.107 187.219 (50,471) ReeonciliatSon of funds: Total fknnds brought forward 22,458,940 239,191 7,487 22,705,6J8 22,756,089 Total f￿ndS carried forwgrd 22,506,324 357,911) 28,594 22,892,837 22,705,618 The n01¢5 on pa8¢s 16 to 24 form part ofth¢5¢ financial £talernents. GREEN PAsfuRES, THE PEOPLE'S CHURCH AMI SUBSIDIARY COMPANIES CONSOLIDATED ACCOUNTS CONSOLIDATED STATEMENT OF FINANCIAL POSITTON I BALANCE SHEET AS AT 31" AUGUST 2025 Charitable 2025 Trading 2025 Total Total 2024 202S Note Fixed zssets Tangible fjxed assets 22,951,003 40,987 22,991,990 23,083,755 CurreiRI assels Other debtors alld prepayments Cash at bank- operatillg accouats Cash at bank- Project Nehemiah account Cash at bank- Other ministry accounts 12 92,066 17,460 33,694 41,930 185,150 4,949 43,801 97,015 61,261 33,694 41,930 233.900 57,050 27,988 58.004 26,629 169.671 48,750 Creditor5- anlOUtIt5 due wiÉhin D￿e year 13 (71,9101 (42.966) (J 14,876) (156.043) Net current 85setsl(liabilities) 113,240 5,784 119,024 13,628 Total as8et5 le55 current liabilities 23,064,243 46,771 23,111,014 2J,097,383 Creditor5.' amounts d￿e after one year 14 (200,000) (18,177) 1218,177) 1391,765) Total net assets 16 22.864,243 28,594 22,892,837 22.705,618 Represented by= Unte5tricted funds Restricted funds Profit a￿d loss rEgerves 22,506,324 357,919 22,506,324 357,919 28,594 22,458,940 239,191 7,487 28,594 Funds b>)laTEct at 31" August 2025 17 22.864,243 28,594 22,892,837 22,705,618 The financial statements hav¢ been PTepued accordance with The Companies Act 2006 and with Charitle5 SORP-FRSIO2. The f￿anCIal statements on pages I I to 24 were approved bythe Board of Trustees on 19 May 2026 and signed on its behalf by.. Robert Kingsto Trustee a￿en Pewson Truste£ The noies (m pdges 16 10 24 foTtn part of these fin8nci&l %léLtement%. 12 GREEN PASTURES, THE PEOPLE'S CHURCH AND SUBSIDIARY COMPANIES COINSOLIDATED ACCOUNTS 5T COMPANY STATE.METrrf OF FINANCIAL POSITIONIBALANCE SHEET AS AT 31 AUGUST 2025 (Company Registration Number Nl 062702) Note 2025 2024 Fixed assets Tangible f]xed a55et5 lllvestments in shares in subsidiaries 10 22,951,003 23,056,041 22,951,004 23,056.042 Current assels Other debtors and prepayments Cash at bank- Church account Cash at ballk- Project Nehemiah account Cash at bank- other ministy accounts 92,066 17,460 33,694 41,930 185,150 82,358 6,900 58,004 26,629 173,897 Creditors: amounts due Ivithin one year 13 (71,911) 1131,749) Net current assets 113,239 42,148 Total assets less current liabilities 23,064243 23,098,190 Creditors.. amounts due after one year 14 (200,000) {369,400) Total Ret a55ets 22,864,243 22,728,790 Uiireslricted funds GenerAI funds Total unrestrieted funds 22,$06,324 22,506,324 22,489,599 22,489,599 Restricted fuRd5 357,919 239,191 Total charity funds 22,864,243 22.728,790 Th¢ finantial 5tatemeDts have been prepared ill accordance with the provisions applicable to conipanie5 Subject to the S￿￿11 compaRie5' regiTrE llndei. The Co￿panieS Act 2006 and with Ch￿1t￿eS SORP-FRSIO2. The financEal statements on pages 1110 24 were approved by the Board of Trustees.on 19 May 2026 and sigT)ed on its behalf by.. Robert Kingsto Trustee Darren Pearson Trnstee The noies on pagcs 16 to 24 form part of the%e'financiil siaiemcnts. 13 GREEN PASTURES, THE PEOPLE'S CHURCH AND SUBSIDIARY COMPANIES CONSOLIDATED ACCOUNTS CONSOLIDATED STA TEMENT OF CHANGES IN FUNDS AND RESERVES FOR THE YEAR ENDED 31 AUGUST 2025 Unrestricted Funds Restricted funds Profit and loss re5¢rves Total At I" SepteEnber 2023 22,585,153 199,933 {28,997) 22,756,089 Net surplu51(deficit) for the year (126,2131 39,258 36,484 {50,471) At 31" Aug￿$1 2024 22.458,940 239,191 7,487 22.705,618 Net suwlus for the year 47,384 118.728 21.107 187219 At 31" August 2025 22,506.324 357,919 28,594 22.892,837 The note.% ott page$ 16 10 24 foTm part of these financit)l st&tement%. 14 GREEN PASTURES, THE PEOPLE'S CHURCH AIYD SUBSIDIARY COMPANIES CONSOLIDATED Accouf4TS CONSOLIDATED CASH FLOW STATEMENT FOR THE ST YEAR ENDED 31 AUGUST 2025 202S 2024 Operatlng #etlvities Net incoTninJtr (outgoing) resources b6fore interest Depreciationlprofit on disposal Increase in debtors (Decreasellincrea5e in credito Net cash (ollttloiv)lintlow from operating aetivities 186,878 (58,019) (39,965) (214,755) (125,861) (50,4761 49,630 (2,082) 44,912 41.984 Financing activities Repayments ot borrowLllg Interest ￿ctIVed 13,917) 341 Net cash O￿tfi0￿ from financing activitÉes 34] (3,912) Investing Activities Purchase of tangible fjxed assets Proceeds from disposal of tangible ffixed assets Net Cash inflowl(outlIow) from inyesting aetivitie5 (50,216) 200,000 149,784 (106.162) {106,162) Net increaselldecrease) in cash for the period 24,264 {68,090) Cash and cash equivalellts at tht begitini￿g of the period 112,621 180.711 Cash and casb equivalent at the end ofthe period 136,885 112,621 Cash and cash equivaleThts Cash at bank 136,88f 136,885 112,621 112,621 The notes on pagcs 16 to 24 foTn] part ot these financÉal staternents. GREEN PASTURES, THE PEOPLE'S CltilliCH AND SUBSIDIARY COMPANIES COIYSOLtDATED ACCOUNTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31. AUGUST 202S l. Company informAtio The CoTnpaHy is IiTnited by guarantee and is incorpordted in Northern Jrelalld. The address of the regisiered office is I Faith Avenue, Tlie Gateway, Ballymena, Co Antrim BT42 3FF. The financial statements were authorised for issue by the Board on 19 May 2026. 2. Aeeountiiig polieies The principal accounting policies adopted, judoeTnellts and key sources of estTination uncertainty in the preparation octhe f￿aTr(la1 statements are as follow5.. Basls of prepariition The flnancial siaiements h&ve been prepared on a going concern basis in a£¢Ord￿Ce with Accow)ting and Reporhng by Charitie5." StattLuent of RecomTr¢nded Practice applicable to charities preparing their accounts in accordance with the Fii)ancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)- (Charities SORP {FRS 10?)), th¢ Financial Reporting Staiidard applicable in the UK and Republic of IrelaiTrd (FRS 102) and the Companies Act 2006. 'fhe accounts are prepared im sterlino which is the functional currency of the charity. The Company ineets the def￿￿tIOn of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost and transaction value unle55 Otherwise Stated in the relevant accounting policy note5. Basis of eonsolidation The consolidated f￿anCial statenients comprise the financial stateynents of Green Pastures, The People's Church 2nd all its 5ubsidiari¢s for the year ended 3 1 August 2025. All subsidiary companies are wholly owned and controlled by the Group. Preparation of aceounts on a going eoneeyn basis The Company generally meets its day to day working capiial requirements from its annual income. The Trustees have obtained and reviewed cash flow forecasts tor the coming year and based on these are satisfied that the Compally has resources to provide a reasonable expectation that it can continue to meei its financial obligations as they fall due for the foreseeable futtire. Therefore, these lllLallcial statements have been prepared on a going concern basis. Incomit]g resourc Donations received comprises 811 cash receivable for the accounting period, in¢ludillg related t2x recoverable under Gift Aid. Income is recognised Nvhen the Lharity has established an entitleLnent to the incon]e. For donations this is typically upon receipt. Gift aid iJcoine is accrued i]1 respect of clwitable donatiohs already receipted. Charitable activity incorne includes s&le of goods and conference ticket sale income. Donated oods Estimating the fair value of donated goods for resale is impractical because of the volutne of low-value items received. In addition. the ijicrease in administrative time and cost of maintaining detailed stock control systems iyould greatly outweigh any potential benefit. As a consequenct. donated goods for resale ar£ not recognised on receipi bllt instead the incom¢ is recognised at the point of onward sale Resourees expended Resources expended are recognised in the period in which thry are incurred. Charitable expendEmfE comprises those costs incllrred by the charity in the delivery of its activities and services to its beneficiaries. It includes both costs that can be allocated directly to such activities alld those costs of an indirect nature necessary to sllpport them. 16 GRIEN PASI'ITRES, THE PEOPLE'S CHURCH AND SUBSIDIARY COMPANIES CONSOLIDATED ACCOUTrUS NOTES TO THE F]NANCIAL STATEMENTS (continued) 2. Aecounting polities (Cnniinued) Short-term debtors treditors Debtors and creditors with no stated interest rate and receivable or payable within one year are re¢orded at transaction price. Financial assets, including debtors. are reviewed at the reporting date to determine if there is any evidence of potential impaimient. Any losses arising from impairnient are recognised ill tbe in¢om¢ statemeni operating expeDses. Tamgible assets The langible assets of the ¢hwity comprise of plant and eqiiipment and motor vehicles. Equipment Is depreciated at a rate calculated to reduce it to residual value at the end of its expected normal life oo a straight- basis atrates of 20/0 per anllum. Motor vehicles are depreciated at a rate calculated to reduce them tOTesidual value ai the end of their expected normal life on a straight- line basis at a rate of 20 /0 per at]num. The assets, residual values alld Use￿1 lives are reviewed, aT)d adjusted, if appropriate, at rhe end oleach reporting period. The effect of aoy change is accouDted for prospectively. Tangible assets are derecognised on disposal orwhen no futt]re tconomic benefits are expected. On disposal, the difference between the new disposal proeteds 8nd the carrying amount is recDen%sed in the 5t&tern6nt of financial activities and included in'charitable activity expenditure" Stock Sto¢k is held at the lower of cost aDd net realisable value. Cash and cash equÉvaleDts Cash and cash equivalents inrludes cash in hand and casli at banks. Financial instruments The Company only bas fTnancial assets and financial liabilitlc5 of a kind that qualify as basic f￿anCi￿ instruments. Basic fu￿nCIal instruments aTe initially recognised at transaction price and subsequently Tneasured at their settlement value. Borrowin£s InteTest-beaiing botrowing5 are initially recorded at fair valu¢, net of transaction costs. Interest-bearing borrowings are subsequently ca￿led at amonised cost, with the difference between the proceeds. net of transaction costs. tht amount due on redemptioll being Eecognistd as a Charge to the profit and loss a¢count over the pttiod of the relevant borrowing. InteTest expense is Tecoguised on the basis of the effective interest method and is included in interest payable and similar Charges. Borrowings are classilLed as curreni liabilities uiiless the Company has an unconditional right to defer settlen]ent of the liabilkty for at Itast tm'elve months after the reporting dale. or if the likelihood of earlier settlemellt is remote. FuTrd5 Funds are classified a5 Clther unrestricted fi￿d5 Diie5tricted fllnd5, defuked as eollows. Unrestricted ￿ndS are expendable at the discretion of the tn]stets in fi]rtherance of the object5 of the charity. If parts of the wvestricted fLEnds are eamiarked at the discretion of the trustees for a particular p￿rpose, they are designated a5 a separate fi]nd. This designation has an admtn1stt7t￿ve pllryx)se only and does not legally restrict the trustees, digcretion to apply the fund. Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with llieir authority or ¢i¢ated thj-ough legal proc¢sses. but still within the wider objects of tht Charity. Tlie iTritial aCq￿lsition of ta￿gible [￿ed assets fL￿ded through appeal or by way of donations are Ireated as restricied funds. Once acquired, the temg of the gift petThit the TnIS￿eS lo use the asset on an unrestricted basis for any charitable PUIP05e. 17 GREETr4 PASTURES, THE PEOPLE'S CHURCH AND SUBSIDIARY COlfvtPANIES CONSOLIDATED ACCOUNTS NOTES TO THE FINANCIAL STATEMEIYTS (conlinugd) l Accounting policies (coniinued) Pensions The Charity operates A d6fJned contrib￿tiOn s¢heme for all staff. Employer contributions aTe charged through ihe income and expenditure account when ltkcu￿ed. 3. Critical aeeouiiting judgemeiits And estimation uncertainty Estirnaies and judgments made in the Process of preparing tl)e fiIi&ncial statements are continually evaluated are based on histoFical experience and other factors, including expeciaiions of future events that are believed to be reasonable under the circu￿stanCes. The Trustees do aot Gonsider thai ihere are any critical judgments made in applyillg the CoMp￿Y'S accounting policies or that there are any critical accounting estimates or assumptions which may have a significant risk of ¢&using a mateTial adjusttnent to Gatrying &Mo￿ntS of assets and liabiliiies within the next financial year. 4. Anklysis of inCOEne Unrestricted Funds Charitable Restricted Funds CharÉtable Unrestricted Funds Trading 2025 Total TotaI 2025 2025 2025 2024 DonatlOTL5 received From individuats and corporate bodies Tax recovered on donations 372,607 49,216 421,823 201,759 17,207 218,966 574,366 66,423 640,789 451,636 52,049 503.685 CharÈtable activitie5 AnciLlary trad￿g activiiies 942 9.471 9,471 10,413 10,413 19,520 19,820 942 TuTnover 236,022 236,022 99.324 Interest received 341 341 Total Ineome 422,765 228,437 236,363 887,565 622.834 18 GREEN PASTURES, THE PEOPLEYS CHURCH AND SUBSIDIARY COMPANIES cor4soLIDATED ACCOUNTS NOTES TO THE FINANCIAL STATEMEwfs (continued) 5. Analysis ofexpendlture Unrestricted Funds Charitable Restricted FU￿dS Charitable Unrestricted Funds TradiRg 2025 Total Total 2025 202S 202) 2024 Charilable aetivitits DonatLDns to associated charities Other cl)aritable donations 10,214 29,278 14.291 16,047 S9,616 39,492 14,291 31,945 85,728 17,422 16,894 55.265 89,581 Activity costs 15,898 26,112 Support costs Wages and salaries Property costs Ailministration costs Depreciationllprofit) on disposal Other expthges Re¢harEe of overhEad5 244.215 169.570 27,788 {92,326) 83 244,215 215,448 55,461 {71,192) 850 157.126 45,878 27,673 21,134 767 191,530 78,280 44,787 7,489 16,641) 472,571 {24,361} 324.969 {24,361) 420,421 95,452 Governanee eosts Auditors TemuneiatRoll'. audii services 4,350 12,250 16,600 4,350 12,250 16,600 4,500 13,000 17,500 accountancy services Trading operating expenses Cost of sales- materials Wages arjd salaries Other charitable donations 33,146 110,171 4JOO 13,861 (4,797) 11,578 9J38 177,597 33,146 110,171 4,300 13,861 (4,797) 11,578 9,338 177,597 8,318 55,106 343 Management fees Pr(>perty ¢05ts Admittistration costs Depreciation/{profiil on di5P05al 2,201 11,239 11,604 4,842 93,651 Tot&1 expenditure 367,681 155,068 177,597 700,346 673,305 19 GREEN PASTURES, THE PEOPLE'S CHURCH Ar￿ suBS￿IARy COMPANIES CONSOLIDA TED ACCOULYTS NOTES TO THE FINANCIAL STATEMF.IYTS (cunlinued) 6. An21y5is of staff costs, trustee remuneration 2nd expenses, and the cost of key management persoD]ael 2025 2024 Salaries and wages National insur&llce costs 316,708 31,207 6,471 354,386 192,765 16,979 2,488 212.232 Employer pension comtributions The average monthly number of full-tirne e7nployees durillg the ye&r was 20 (2024.. 15). No employees Teceived rEinunerELtion in excess of £60,000. Nck trusteE or a person related to a tru5tet had any personal interest in a]]y contract or trEJnsadioll ¢nter¢d into by th¢ Charity during the period. None of the trustees have been paid any remune¥aiion or rEceivEd an}. other benefits from ali Employrnent with the CompaELy or a related entity. No trllstees were reimbursed for ny expenses incurred on behalf of the Company. 7. Transfers between funds Unrestricted funds are spent or appliedatthe discretion ofthetrustees to lurtherany ofthe charity's purposes. Unresiricted funds may be used to supplement expenditure made from restricted funds. 8. Taxatio Green Pastures, Tlie People's Chuich, is recognised a5 a charity for the purposes of applicable taxati07] legislation and is therefoTe not subject to taxation on its charitP4ble activitie5. Tangiblt rued a55ets- the Group Freehold land and buildings Motor Vehicles Equiprnent Total Cost At I" Sq)tember 2024 Additions Disposals At 31st August 2025 22,966,813 15,000 (83,438) 22,898.375 327,472 35,216 (3,835) 358,853 5,835 2i.JOO.120 50,216 {87,273) 23363,063 5,835 Depreeiation At I" September 2024 Depreciation ElImi￿ated on dÈsposals At 31" August 2025 210,530 54,708 5,835 216,365 54,708 265,238 5,835 271.073 Net book value At 31° August 2025 At 3 ISI August 2024 22,898,375 22.966,81J 93,615 16,942 22,991,990 23,083,755 20 GREEN PASTiJRES, THE PEOPLE'S CEIURCH AND SUBSIDIARY coritPANIES CONSOLIDATED ACCOUNTS NOTES TO THE FINANCIAL STATEMENTS (conliiiued) 10. TaRgible fixed assets- Company Freehold land huÈldKllgs Motor Vehieles Equipment Total C05t At i&t September 2024 Additions 22,966,813 15,000 (83,438} 22,898.375 245,047 8.770 5,835 23,217,695 23,770 (83,438} 23,158,027 Disposals At 315t August 2025 253,817 S,835 Depreciation At I, September 2024 55,819 45,370 5.835 161,654 45,370 Depreciation Eliminated on disposal At 31" August 2025 201,189 5,835 207,024 Net book value At 31" August 2025 At i I" Augusi 2024 22,898J75 22,966,813 52,628 89.228 22,9SI,003 23.056.041 11, Investments 2025 2024 2025 2024 Group Group Company CoTT]P8ny Shares subsidiary cofflpanie5 The Company 15 the ultimate IOO/o parent of the followi￿8 subsidi￿1¢5 all of which are incotporated ij) Northem Ireland and have period ends coterniinou5 With that of the p￿t￿t company. Its reElSteied olTice address is Green Pastures Faith Avenue. The Gateway, Ballymena, Northern Ireland. BT42 3FF. Company Company number Busines3 activity Net funds Turnover Expenditure Profit The Gat6way Social IRve5tsntnt Lirnited N1618278 Social CLO￿ornY b[￿1￿¢55 28.595 236,022 (191,529) 44,493 21 GREEN PASTURES, THE PEOPLE'S CHURCH AND SUBSIDIARY cO￿ANIEs CONSOLIDATED ACCOUNTS NOTES TO THE FINANCIAL STATEMENTS (coniiftued) 12. Other debtors and prepayments 2025 2024 2025 2024 Group GroLIP Company Co]npany Gift aid debior Other debiors and prepayments 43,522 53,493 97,015 15,824 41,226 57,050 43,522 48,544 92,066 15,824 66,534 82,358 13. Credittsrs.. due within one year 2025 2024 2025 2024 Group Group Company Company Bad( loan 4,547 5,857 488 4.808 4,839 488 Trade creditors Other Creditors Payroll taxes Building construction costs due A¢cr￿alS 488 11,157 7,863 84,964 4,535 39,000 102,373 5,208 7,863 58,351 4,081 39,000 88,179 Allkoullts due to subsidiary company 114,876 156.(M3 71,911 131,749 14. Creditors: due after more than one year 2025 2024 2025 2024 Group Group Company CoTnpaThy Other creditors Building cons(ruction cost5 due Bank loan 200,000 200,000 169,400 22,365 39.1,765 200,(MIO 200.000 169.400 18,177 218.177 200,000 369,400 Other creditors are secured by a f￿ed charye over part of tbe land at Penrnybridge Industrial Estate, Ballymen4 County Antritn. The bank loan is secured by the UK GO¥¢n￿￿ent under the B0￿Ce Back Loan Scheme. The loan is repayable by instalment, all of which is due for pa>'llieni within 5 years of the balance sheet date. 22 GREEN PASTURES, THE PEOPLE'S CHURCH AND SUBSIDLiRY COMPANIES COINSOLIDATED ACCOUNTS NOTES TO THE FINANCIAL STATCI MENTS (enntinHedJ 15. Reconciliation olnet fundsldebt At l-Sep-24 Cash floTrv At 31-Aug-25 Cash at bank Bank loan 112,621 127,173) 85,448 24.264 4,449 28,713 136,885 (2?.724) 114,161 Net fuAds 16. An&ly5is of Thet assets Unrestricted R¢stri¢ted Yrading Total Fixed a55ets 22,909,964 1158,281) {200,000) (45,359) 22,506J24 41,039 271,521 40.987 22,991.990 119,024 (218,177) Net current ttssetsl(liabilities) CTeditors due after one year Inter-futtd balaTi¢es Net 955et5 gt 31" August 2025 5,784 (18,177} 45,359 357,919 28,594 22,892,837 17. Funds of the Group Unrestricted Funds Restricted FuDd5 Profit 2nd loss ac¢oiint Total funds & reserves At I September 2024 Income 22,458,940 422.765 (367,681) {7.700) 22,506,324 239,191 228,437 (155.068) 45.359 357,919 7,487 236,363 (177,597) (37.659) 28,594 22,705,618 887,565 (700,346) Expenditure Transfers between funds At 31" August 2025 22,892,837 18. Profit for th¢ financial period As perniitted by Section 408 of The Companies Act 2006 the Paret)t Company's Statement of Financial Activities has not beEll included in these financial statements. The Charity had a retain¢d surplus of £135,453 (2024: retained deficit £56,296). 23 GREEf4 PASTURES, THE PEOPLE'S CHURCH AND SUBSIDIARY COMPANIES CONSOLIDATED ACCOinYTS IYOTES TO THE FINANCJAL STAYEME]YTS (conliiiued) 19.Related party transaetions The Group has taken advantage of the exen]ption provision5 in FRS 102 per￿Itting non-di5closure of transactions with fellow group Co￿PaniC5. The CO￿panY is the Ultimate Paiellt CollLpany of the group. Transactions with noll-group related parties. related tI￿ough virtue of common control were as follows." 2025 2024 Dollatiolls to associated charity. Compassion Ministries Donations to associated charity. Connect Ministries Donations from associated charity, Corjuect Ministries Amollnt owed from associated charity, Con]pas5ion MÈni5tries Amount owed to as50Clated charity, Compassion Ministrtes 2,000 23,762 (1,986) 36,677 19,055 18,021 (1,002) 35,105 488 Key ￿anagement personnel: The directors of the Company and its subsidiaries aTe considered to be the key Ellanag£￿eTrt persO￿le1. Directors, remurAeration is disclosed note 6. 20. Capital and financi41 eommitments At 31" August 2025 the Group had no capital or fmancial ¢Limmitments which have not been provided in th¢ accounts (31" August 2024.. none). 21. Controlling party During the period Green Pastures, The People's Church was under the control of the Trustees (who are also the directOT8}. 24