The registered charity, which has organised the not-for-profit event for the last six years, announced the news via the festival's official Twitter handle (@Brisfest13) yesterday (11 December).
Two tweets read: "After much consideration we're taking a break in 2014 to launch other projects, but will be back in 2015! It's been a tough decision but we want more time to raise money and expand our charity work... which lots of people don't know about."
A statement published online by BFCG on the event's website also said: "After six successful years The Bristol Festival Community Group is taking a break in 2014, from festivities at Ashton Court, to focus on our other events and activities, such as Rave On Avon Stokes Croft Takeover, and to work on an exciting array of new projects (watch this space)."
Organisers added it hoped the festival, which features music, arts, circus, theatre and comedy, would return to Ashton Court in 2015 "bigger, better and greener than ever before". This year's event took place on 21-22 September.
The festival sees hundreds of local volunteers get involved each year with everyone working or performing free of charge in a bid to keep ticket prices low.
BFCG said it would be using the 12-month break to launch a new Festivals Centre for Bristol in 2014 in partnership with several organisations to encourage the sharing of resources and collaboration. The organisation will also be launching a new event staffing agency and local music search tool.
Emily Gibbs, volunteer manager at BFCG, said: "We listen to feedback each year about what people want. And what’s come from that is that local musicians and volunteers want our help in more ways than the festival alone. We’ve been working on these behind the scenes for the last few years so we’re looking forward to going live soon."
"We help many people into work each year, fund recognised qualifications and acts as a way in especially for those that have struggled on other career paths. So it's brilliant to be able to focus on this and help more people in the future by connecting employers with staff, and bookers with bands."
She added the charity will be staging its Rave on Avon Stokes Croft Takeover festival in May 2014, expected to attract up to 5,000 people, as well as the potential launch of a new event called Brisfest on Tour.
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