ESSENTIAL CHRISTIAN

• ⚠

  Material uncertainty over 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. 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. However, the accounts are prepared on a going concern basis due to corporate backing and efforts to increase donations and cut costs.

1. ESSENTIAL CHRISTIAN 2017-03-23 → present
2. MEMRALIFE GROUP. 2009-01-02 → 2017-03-23
3. ETERNALFX 2008-08-08 → 2009-01-02

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Xeinadin Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“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. 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. However, the accounts are prepared on a going concern basis due to corporate backing and efforts to increase donations and cut costs.”

Group structure

1. ESSENTIAL CHRISTIAN · parent
   1. Daybreak Music Ltd 1% · England and Wales · Dormant; owns several copyrights
   2. Song Solutions Ltd 1% · England and Wales · Copyright administration and royalty collection
   3. Copycare Pacific Pty Ltd 0.7% · Australia · Copyright administration

Significant events

• “Spring Harvest 2024 saw record attendance and introduced livestreaming into UK prisons, reaching 65,000 prisoners for the first time.”
• “MySpringHarvest reached 8,000 users, and a tiered subscription model (MySpringHarvestPlus) was developed for digital engagement and sustainability.”
• “The charity created its first audiobook, focusing on additional needs to enhance ministry reach.”
• “A match-funded offering in 2024 significantly elevated generosity among guests.”
• “Song Solutions experienced growth, increasing signed songs to equip churches and support songwriters.”
• “A new label imprint, Seachange, was started to sign new writers with a charitable intent and innovative model.”
• “Work on YouTube and growth helped promote 'Legendary Talks' and Podcasts.”
• “The charity signed directly with USA PRO's to collect royalties following Music Services' acquisition by SESAC, aiming for growth.”
• “The addition of a new Restricted Fund for Inclusivity resulted in an increase of Restricted Funds of £22,000, despite an overall deficit of £37,000.”
• “The charity received other donations from individuals and trusts totaling £320,000.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  +3.5%

  £356,234 → £368,670

• Net assets

  -11.2%

  -£328,172 → -£364,818

• Employees

  -6.1%

  33 → 31

• Wages

  -2.7%

  £1,020,670 → £992,922

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers