REGISTERED COMPANY NUMBER: N1612550 (Northern Irelandl
REGISTERED CHARITY NUMBER: 101897
Re
ort of the Trustees and
Unaudited Financial Statements for the Year Ended 31 Au
ust 2022
for
Grace Generation

Grace Generation
Contents of the Financial Statements
for the Year Ended 31 August 2022
Page
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
8 to 13

Grace Generation
Re
istered number-. N1612550
Re
ort of the Trustees
for the Year Ended 31 Au%u5t 2022
The trustees who are also directors of the charity for the pu rposes of the Companies Act 2006, present their report with the
financial statements of the charity for the year ended 31 August 2022. The trustees have adopted the provisions of Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191.
OBJECTIVES AND ACTIVITIES
Objectives and alms
The last year, particularly the first half, was again èffected by the Covid pandemic, with various activities and gatherings curtailed
due to certain ongoing Government restrictions.
However, the work continued and all ministry departments reported ongoing development and growth.
Numbers attending church, youth and children's mlnlstrles remained stron8 throughout the year, and Income levels remained
healthy.
An extremely exciting and miraculous development for Grace Generation occurred in March 2022 when we were offered the
opportunity to move into, and become the tenant, of what had been 'The Coach, Nightclub in Banbridge. The Board and members
of Grace Generation accepted this offer and began working with the owners to start the process of moving premises.
'The Coach, had been closed for approximately 2 years and a considerable amount of cleaning and fixing up was required to get the
building into a State where it could be used for our various activities. This provided a great opportunity for people to come together
to help work on the building.
As a result Of moving premises our Coffee House, 'Bean There,, closed at the end of June 2022 and our final Sunday service in our
old premises took place on 17 July 2022,
It is planned that a rebranded Coffee House will open later in 2023 in the new premises and that church services will begin in the
new building in September 2022.
The Food Bank and Social Supermarket, 'The Bridge Pantry,, continued to be very bu5V throughout the year and will move to the
new premise5 later in 2022.
We are again grateful to God for His faithfulne55 throughout the year and for the amazing provision of our new premises which are
located on a visible site, close to Banbridge town centre. We believe thi5 new location will help us to reach and help more people in
our communitv.
Page I

Grace Generation
Re
istered number-. N1612550
Re
ort of the Trustees
for the Year Ended 31 Au%u5t 2022
OBJECTIVES AND ACTIVITIES
Publlc beneflt
11 The advancement of the Christian religion by the proclamation and furtherance of the Gospel of God concerning Hi5 son jesus
Christ the Lord and preaching and teaching of the Word of God by the church in accordance with the Statement of Faith approved
by the members from time to time. The direct benefit which flows from this purpose is that peoples lives will be changed for the
better in terms of personal well being, having a sense of belonging and purpose in life. These benefits are evidenced through visible
results of lives transformed and people living with purpose and destiny and finding areas to serve others. No harm or possibility of
harm flows f rom this purpose. The charity's beneficiaries are all members of the general public from babies to children} youth and
adults of all ages. There is no private benefit flowing frorn this purpose.
21 The relief of any person who is in charitable need. The direct benefit which f lows f rom this purpose is that people with physical,
emotional and Spiritual needs will be supported and given help. These benefit5 will be evidenced throu8h practical help given and
spiritual counsel offered resulting in improved circumstances and transformed lives. No harm or possibility of harm flows from this
purpose. The charity's beneficiaries are all members of the general public from babies to children, youth and adults of all ages.
There is no private benefit f lowlng from thls purpose.
31 The promotion of education for the public benefit. The direct benefit which flows from this purpose is improved knowledge and
life skills from teaching the Word of God and biblical principles which affett all areas of life. These benefits will be evidenced
through regular teaching at church and through our Evening College, resulting in individuals having improved knowledge and
understanding of the Word of God and out working this in a practical way. No harm or possibility of harm flows from this purpose.
The charity's beneficiaries are all aspects of the general public frorn babies to children, youth and adult5 of all ages. There is no
prlvaie beneflt f lowlng from ihls purpose.
41 Such other charitable purposes as are recognlsed as such under the laws of Northern Ireland consistent with the oblect set out In
purpose111 above. The direct benef it which flows from this purpose is the provision to develop existing charitable purposes and
a150 future ch£ritable purposes which will benefit individuals resulting in transformed lives and the ability to further help those in
need in our soclety and beyond. These benefSts will be evSdenced through new opportunlties to reach out and help people in
various forms of need, resulting in improved circumstances and transformed lives. No harm or possibility of harm flows from this
purpose. The charity'5 benef iciaries are all member5 of the general public from babies to children, youth and adults of all ages.
The trustee5 cu)nfirm that they have complied with the duties to have regard to the Charity Commission Northern Ireland guidance
on public benefit.
FINANCIAL REVIEW
Flnanclal posltion
Tlie ilidrity lid5 iiiade a lus5 111 tlie yedr L)f £26,65612021 Lu55 vf £7,715) uri its urirestriLted fuiid aii(J a 5urplu5 vf £12,85612021
Surplu5 of £13,058) on it5 restricted funds.
Reserves policy
The unrestricted reserves of -£17,51112D21 £9,145) are less than deslred but deemed sufflcient to meet the working capltal
requirements of the charity. The strategy is to build reserves through operating surpluses. The restricted building reserves of
£27,34412021 £13,286) is to be used to purchase or renovate a property for the charity in the future while the restricted foodbank
reserves of £19,76312021 £20,965) is to be used for providing a foodbank to the communitv.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governin8 d¢xument
The charity is controlled by its governing document. a deed of trust, and constitutes 2 limited company. limited by guarantee, as
defined by the Companies Act 2006.
Page 2

Grace Generation
Re
istered number-. N1612550
Re
ort of the Trustees
for the Year Ended 31 Au%u5t 2022
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
N1612550 (Northern Ireland)
Registered Charity number
101897
Reglstered offlce
17-19 Church Square
8anbridge
Co. Down
BT32 4AP
Trustees
Mrs l A McGreevy Hr 8usiness Partner
M K Oman Company Director
Ms J Graham Cumpany Director
B J Somerville Pastor
Independent Examiner
Eunan Kerlin
Aiken & Co LLP
Chariered Accountants
Building 2
The Sidin8s
Antrim Road
Lisburn
Co. Antrim
BT28 3AJ
This report has been prepared in accordance with the special provisions of Part IS of the Companies Act 2006 relating to small
ompanies.
Approved by order of the board of trustees on 19 July 2023 and signed on its behalf bv,.
Mrs J A McGreevy- Trustee
Page 3

Inde
endent Examiner's Re
ort to the Trustees of
Grace Generation
I report on the accounts of the company for the year ended 31 August 2022, which are sel out on pages five to thirteen.
Respettive responsibilities of charity trustees and examiner
As the charity's trustees12nd also the directors for the purposes of wmpany lawl you are responsible for the preparation of the
accounts in accordance with the requirements of the Companies Act 2006.
Having satisf led myself that the charity is not subject to audit under company law and is eligible for independent examination, it IS
my responsibility to..
examine the accounts under Section 65 of the Charities Act
follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under
Section 6519llbl of the Charities Act
state whether particular matters have come to my attention,
Basls of the Independent examlner's report
I have examined your charity accounts as required under Section 65 of the Charities Act and my examination was carried out in
accoidance with the general Direction5 given by the Charity Commission for Northern Ireland under Section 6519llbl of the Charities
Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented
with those records. It 21so included consideration of any unusu21 items or disclosures in the accounts, and seeking explanations
from you as charity trustees COn￿rning any such matters.
My role is to state whether any material matters have come to my attention giving me cause to believe..
That accounting records were not kept in accordance with Settion 386 of the Companies Act 2006
That the accounts do not accord with those accounting records
That the accounts do not comply with the accounting requirements of Section 396 of the Companies Act 2006 and with the
methods and prlnclples of ihe Charltles 5tatemeni cf Recommended Pracilce appllcable to charlrles preparlng thelr
accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland
That there is further information needed foi a proper understandin8 of the account5 to be reached.
Independent examiner's statement
I have completed my examination and have no concerns In respect of the matters111 to141 Ilsted above and, In connectSon wlth
following the Direction5 of the Charity Commission for Norihern Ireland, I have found no matter5 that require d rawing to your
attention.
Eunan Kerlin
The 14.
Aiken & Co LLP
Chartered Accountant5
Building 2
The Sidings
Antrim Road
Lisbvrn
Co. Antrim
BT28 3AJ
15 August 2023
Page 4

Grace Generation
Statement Df Financial Activities
IlncorporatinR an Income and Expenditure Account)
for the Year Ended 31 Au
USt 2022
2022
Total
funds
2021
Total
fund5
Unrestricted
fund
Restricted
fund5
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
160,429
43,518
203,947
212.664
EXPENDITURE ON
Charitable artivities
Sisterhood
Charitable events
Premises Costs
Repair5 & Maintenance
Accountancy fees
Ministry & support staff costs
Donations to missions & charities
Foodbank
1,291
16.317
60,612
782
1,140
100,473
6,272
16581
1,291
16,317
62,843
1,182
1,140
109,769
24,350
18.104
66,870
48
2,231
400
9,296
18,078
657
103,246
9,265
7,829
Other
Total
856
187 085
856
217 747
30,662
207,321
NEf INCQMEIIEXPENDITUREI
126,6561
12,856
113,8001
5,343
RECONCILIATION OF FUNDS
Total funds brought forward
9,145
34,251
43,396
38,053
TOTAL FUNDS CARRIED FORWARD
17 5111
The notes form part of these financial statements
Page 5

Grace Generation
Re
istered number-. N1612550
Balance Sheet
31 AU￿uSt 2022
2022
Total
f unds
2021
Total
funds
Unrestricted
fund
Re5trirted
funds
Notes
FIXED ASSETS
Tangible assets
12,1321
18,380
16,248
CURRENT ASSETS
Debtors
Cashat bank and in hand
9,301
9,301
9,301
27,949
42,175
70,124
65,047
CREDITORS
Amounts falling due within one year
io
123,3281
{13,4481
136,7761
11,6511
NEf CURRENT ASSETS
4,621
28,727
33,348
63,396
TOTAL ASSETS LESS CURRENT LIABILITIES
2,489
47,107
49,596
63.396
CREDITORS
Amounts falling due after more than one year
li
120,0001
120,0001
120,0001
NEf ASSETS
FUNDS
Unrestricted funds
Restricted funds
TOTAL FUNDS
17 5111
13
{17,5111
9,145
The charitable company is entitled to exemption from audit u nder Section 477 of the Companies Act 2006 for the year ended 31
August 2022.
The members have not required the company to obtain an audit of it5 financial statements for the year ended 31 August 2022 in
accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
lal
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies
Att 2006 and
preparing financial statements which give a true and fair view of the state of affairs of the charltable company as at the end
of each f inancial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companie5 Act 2006 relating to financial
statements, so far as appllcable to the charitable company.
Ibl
The notes form part of these financial statements
Page 6
continued...

Grace Generation
Re
istered number-. N1612550
Balance Sheet - continued
31 AU￿uSt 2022
These financi21 statements have been prepared in accordance with the provisions applicable to charitable companies subject to the
small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 19 July 2023 and were signed on it5
behalf bv:
J A McGreevy- Trustee
The notes form part of these financial statements
Page 7

Grace Generation
Notes to the Financial Statements
for the Year Ended 31 Au%ust 2022
ACCOUNTING POLICIES
Basls of preparlng the flnanclal statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in
accordance with the Charitie5 SORP IFRS 1021 'Accounting and Reporting by Charities- Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 (effective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting
Standard applicable in the U K and Republic of Ireland, and the Companies Act 2006. The f inancial statements have been
prepared under the historical cost convention,
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable
that the income will be received and the amount can be measured reliably.
Expenditure
LS3bilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that
expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the
obligation can be measured reliably. Expenditure 15 accounted for on an accruals basis and has been classified under
headings that aggregate all cost related to the Category. Where costs cannot be directly attributed to particular headings
they have been allocated to artivities on a basis consistent with the use of resources.
Tangible fixed assets
Depreclatlon Is provlded ai the followlng annual rates In order io wrlte off each asser over Its estlmaced useful Ilfe.
Fixtures and fittings
20% on cost
TaxatlDn
The charity is exempt from corporation tax on its charitable activities.
Fund accountlng
Unrestricted funds Can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when
Specified by the donor or when f unds are raised for particular restricted purp05e5.
Furtlier explaii44tiL)ri uf tlie iioture Iiiid purpuse uf edLlI furid is iiicluded iii tlie Iiutes tu tlie liiidiiLldl ¥tateiTlerils.
Hlre purchase and leaslng commltments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the
period of the lease.
Pension costs and other post-retirement benefits
The charitable company operates a d?fined contribution pension scheme. Contributions payable to the charitable
company's pension scheme are charged to the Statement of Financial Activitie5 in the period to which they relate.
Page 8
continued...

Grace Generation
Notes to the Financial Statements - continued
for the Year Ended 31 Au%ust 2022
DONATIONS AND LEGACIES
2022
2021
Donations
Gift aid
Foodbank
165,827
19,409
18,711
203 947
161,390
23,524
27,750
212 664
CHARITABLE ACTIVITIES COSTS
Support
costs (see
note 41
Direct
Costs
Totals
Sisterhood
Charitable events
Premises Costs
Repairs & Maintenance
Accountancy fees
Ministry & support staff costs
Donation5 to missions & charitie5
Foodbank
1,291
16.317
62,843
1,182
1,291
16,317
62,843
1, 182
1,140
109,769
24,350
1,140
109,769
24,350
215 751
216 891
SUPPORT COSTS
Governance
costs
Other resources expended
Accountancy fees
856
NET INCOMEIIEXPENDITUREI
Net incomellexpenditurel Is stated after char8ing/lcredltingl'.
2022
2021
Depre¢iation - owned assets
Other operating leases
4,062
I,C62
Page 9
continued...

Grace Generation
Notes to the Financial Statements - continued
for the Year Ended 31 Au%ust 2022
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benef its for the year ended 31 August 2022 nor for the year ended 31
August 2021.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.
STAFF COSTS
The average monthly number of employees during the year was as follows..
2022
2021
Staff
No employees received emoluments in excess of £60,000.
TANGIBLE FIXED ASSETS
Improvernents
to
property
Fixtures
and
fittings
Totals
C05T
At I September 2021
Additions
At 31 August 2022
DEPRECIATION
At 15eptember 2021
Charge for year
At 31 August 2022
NET BOOK VALUE
At 31 Au8USt 2022
At 31 August 2021
55,451
9,649
65,100
24,233
10,661
34,894
79,684
20,310
99,994
55,451
1,930
57,381
24,233
79,684
4.062
Pa8e 10
continued...

Grace Generation
Notes to the Financial Statements - continued
for the Year Ended 31 Au%ust 2022
DEBTOR5: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022
2021
Other debtors
io,
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022
2021
Bank loans and overdrafts (see note 121
Trade creditor5
Social security ind other taxes
Accruals and deferred incorne
31,311
800
2,681
1,984
646
125
880
ii.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022
2021
Other loans Isee note 121
12.
LOANS
An analysis of the maturity of loan5 is given below:
2022
2021
Amounts falling due within one year on demand..
Bank overdraft5
Amounts falling due between two and five years..
Other loans - 2-5 years
13.
MOVEMENT IN FUNDS
Net
movement
in funds
At
31.8.22
At 1.9.21
Unrestricted funds
General fund
9,145
126,6561
{17,5111
Restrirted funds
Building Fund
Foodbank
13,286
20,965
34,251
14,058
1.2021
12,856
13 8001
27,344
19.763
47,107
TOTAL FUNDS
Pa8e 11
continued...

Grace Generation
Notes to the Financial Statements - continued
for the Year Ended 31 Au%ust 2022
13.
MOVEMENT IN FUND5- contlnued
Net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
160,429
1187,0851
{26,6561
Restrlrted funds
Building Fund
Foodbank
23,737
19,781
43,518
203 947
19,6791
120,9831
30,6621
217 7471
14,058
1,2021
12,856
13 8001
TOTAL FUNDS
Comparatlves for movement In funds
Net
movement
in funds
At
31.8.21
At 1.9.20
Unrestricted funds
General fund
16,860
17,7151
9,145
Restrirted fund5
Building Fund
Foodbank
12,150
9,043
21,193
1,136
11,922
13,058
13,286
20,965
34,251
TOTAL FUNDS
Comparative net movement in funds, included in the above are as follows:
Incoming
re50urce5
Resources
expended
Movement
in funds
Unrestrlcted funds
General fund
183,777
1191,4921
17,7151
Re5tritted funds
Building Fund
Foodbank
1,136
27,751
1,136
11,922
15,8291
15 8291
207 32 11
TOTAL FUNDS
212 664
Pa8e 12
continued...

Grace Generation
Notes to the Financial Statements - continued
for the Year Ended 31 Au%ust 2022
13.
MOVEMENT IN FUND5- contlnued
A current year 12 months and prior year 12 months Combined position is as follows:
Net
movement
in funds
At
31.8.22
At 1.9.20
Unrestrirted funds
General fund
16,860
134,3711
117,5111
Restrirted fund5
Building Fund
Foodbank
12,150
9,043
15,194
10,720
27,344
19,763
TOTAL FUNDS
A current year 12 months and prior year 12 months cDmbined net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestrlcted funds
General fund
344,206
1378,5771
134,3711
Restricted funds
Building Fund
Foodbank
24,873
47,532
72,405
416 611
19,6791
36,8121
46,4911
425 0681
15,194
10,720
25,914
TOTAL FUNDS
14.
RELATED PARTY DISCLOSURE5
There were no related party transactions for the year ended 31 August 2022.
Pa8e 13

This document was delivered using electronic communications and authenticated in
accordance with thc registrar's rulcs relating to elcctronic form, authentication and
manner of delivery under section 1072 of the Companies Act 2006.