REGISTERED COMPANY NUMBER: N1612550 (Northern Irelandl
REGISTERED CHARITY NUMBER: 101897
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2023
for
Grace Generation
IA Company Limited by Guarantee)

Grace Generation
Contents of the Financial Statements
for the Year Ended 31 August 2023
Page
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
to 15

Grace Generation
Re
istered number-. N1612550
Re
ort of the Trustees
for the Year Ended 31 Au%u5t 2023
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 2023. 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 leffeclive l January 20191.
OBJECTIVES AND ACTIVITIES
Objectives and alms
September 2022 saw Church services begin in our new premises which used to be the iconic Coach Nightclub in 8anbridge. Services
during the first few months were held against the back drop of ongoing work in the main auditorium and other rooms in terms of
painting and decorating, installation of new and eKlStinE equipment for sound, lightin£, video and AV and general set up of the
various new spaces.
It was encouraging to see both the members of the church and those f rom outside Grace Generation work hard to improve the
facilities we have been blessed with.
As the work continued, new people started to come regularly to our Sunday service and we have seen steady growth in numbers
over the past year.
Our Youth and Children's work Continued io flourish and we were privileged to have two Mission Teams from the USA come in July
and August to asslst in a Kids Holiday Bible week and a Cartoon Club. Approximately 100 children attended the Holiday Bible Club
with around 80% of those attending not from our church.
'The StoreHouse' Foodbank and 'The Bridge Pantry, (Social Supermarket) moved to our new premises at the end of October 2022
with the help of volunteers and local bu5ine55es. The 'c05t of living, crisis, which is affecting many people, ha5 meant that both the
Foodbank and The Pantry have experienced significant uptake in the volume of clients using these services. The Foodbank and The
Pantry continue to enjoy an excellent working relationship with both the other Foodbanks in the area and the local ABC Council. It is
manned by a team of falthful and commltted volunteers who come from both Grace Generation and other churches In Banbrldge.
Our Coffee House has not re-opened yet due to various hold-up5 but it is hoped that it will open in its new location early in the next
financial year.
Again, we have been blessed by God's amazSng provlslon In every way and the flnances end the financial year Sn a healthy state.
Now that most of the main building renovation work has been completed, we believe that the next year will see Grace Generation
grow in every way and through all departments as we continue to Serve our community and see people transformed through a
life-giving encounter with Jesus.
Page I

Grace Generation
Re
istered number-. N1612550
Re
ort of the Trustees
for the Year Ended 31 Au%u5t 2023
OBJECTIVES AND ACTIVITIES
Publlc beneflt
11 The advancement of the Christian religion by the proclamation and furtherance of the Gospel of God concerning His 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 f inding 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 from 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 benefits will be evidenced through 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 f rom 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 evidented
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 f rom babies to children, youth and adults 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 existin8 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 beneflts will be evldenced through new opportunltles 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 thi5
purpose. The charity'5 beneficiaries 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 LliÉ4rity lids iiiade 44 5urplu5 ill tlie yeiar uf £26,12712022 Lu55 uf £26,656) uri it5 urirestriLteLI fuii(J arid a surplu5 uf £23,81612022
Surplu5 of £12,856) on it5 restricted funds.
Reserves policy
The unrestricted reserves of £6,048 12022 -£17,511) are less than deslred but deemed sufflclent to meet the working capltal
requirernents of the charity. The strategy is to build reserves through operating surpluses. The restricted building reserves of £ L,203
12022 £14,100) is to be used to purchase or renovate a property for the charity in the future while the restricted foodbank reserves
of £22,61312022 £43,860) 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 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
N1612550 (Northern Ireland)
Registered Charity number
101897
Reglstered offlce
17-21 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 (resigned 5. 12.221
B J Somerville Pastor
J Charman Company Director lappointed 19.1.231
Independent Examlner
Eunan Kerlin
KGA Accounianrs LLP
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 28 May 2024 and signed on its behalf by:
M K Oman-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 2023, which are sel out on pages five to f ifteen.
Respettive responsibilities of charity trustees and examiner
As the charity's trustees land also the directors for the purposes of company 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 5taremeni of Recommended Pracilce appllcable to charltles 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 connectlon 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 IS.
KGA Accountants LLP
8uildin8 2
The Sidings
Antrim Road
Lisburn
Co. Antrim
8T28 3AJ
28 May 2024
Page 4

Grace Generation
Statement Df Financial Activities
IlncorporatinR an Income and Expenditure Account)
for the Year Ended 31 Au
USt 2023
2023
Total
funds
2022
Total
fund5
Unrestricted
fund
Restricted
fund5
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
180,537
57,960
238,497
203.947
EXPENDITURE ON
Charitable artivities
Sisterhood
Compassion
Charitable events
Premise5 Costs
Repairs & Maintenance
AccoLJntancy fèes
Ministry & support staff costs
Donations to missions & charitSes
Foodbank
707
2.954
20,247
7,919
707
2,954
20,247
15,867
163
2,734
110,368
Y,017
26,033
1,291
16,317
62,843
1,182
1.140
109,769
24,350
7,948
163
2,734
110.368
9,017
26,033
Other
Total
464
154 410
464
188 554
856
217 747
NET INCOMEIIEXPENDITUREI
Transfers between funds
Net movement in funds
26,127
2,5681
23,559
23,816
2,568
26,384
49,943
113,8001
14
49,943
113,8001
RECONCILIATION OF FUNDS
Total funds brought forward
117,5111
47,107
29,596
43,396
TOTAL FUNDS CARRIED FORWARD
The notes form part of these financial statements
Page 5

Grace Generation
Re
istered number-. N1612550
Balance Sheet
31 AU￿uSt 2023
2023
Total
f unds
2022
Total
funds
Unrestricted
fund
Re5trirted
funds
Notes
FIXED ASSETS
Tangible assets
1,658
49,966
51,624
16,248
CURRENT ASSETS
Debtors
Cashat bank and in hand
io
9,301
9,301
9,301
23,292
45,505
68,797
70,124
CREDITORS
Amounts falling due within one year
li
18,9021
18,8621
117,7641
136,7761
NEf CURRENT ASSETS
14,390
36,643
51,033
33,348
TOTAL ASSETS LESS CURRENT LIABILITIES
16,048
86,609
102,657
49.596
CREDITORS
Amounts falling due after more than one year
12
iio,0001
113,1181
123,1181
120,0001
NEf ASSETS
FUNDS
Unrestricted funds
Restricted funds
TOTAL FUNDS
14
6,048
117,5111
The charitable company is entitled to exemption from audit u nder Section 477 of the Companies Act 2006 for the year ended 31
August 2023.
The members have not required the company to obtain an audit of it5 financial statements for the year ended 31 August 2023 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 ¢therwise comply with the requirements of the Companies 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 2023
These financial 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 28 May 2024 and wero signed on its
behalf by:
M K Oman-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 2023
STATUTORY INFORMATION
Grace Generation is 3 private company, limited by guarantee. registered in Northern Ireland. In the event of the charity
being wound up, the liability in respect of the guarantee is limited to El per member of the charity, The Company's
registered number and registered office address can be found on the Company information pa8e.
The financial statements are prepared in sterling the functional currency of the entity rounded to the nearest pound.
ACCOUNTING POLICIE5
Basls of preparlng the flnanclal ststements
The financial statements of the charitable company, which is a public benefit enrity under FRS 102, have been prepared in
accordance with the Charitie5 SORP IFRS 1021 'Accountin8 and Reporting by Charities: Statement Df 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 'fhe Financial Reporting
Standard applicable in the U K and Republic of Ireland, and the Companles Act 2006. The f Inanclal 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.
Expendlture
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligatior) committing the charity to that
expenditure, It Is probable that a transfer of economic benefits w511 be required in Settlement and the amount of the
obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under
headings that aggregate all c05t related to the category. Where costs cannot be directly attributed to particular heading5
they have been allocated to actlvitles on a basls consistent wlth the use of resources.
Tangible fixed a55et5
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings
20% on cost
Taxatlon
Tlie Llidrity Is exeiTlPt frvrTI cvrpuriltiuii Idx Qll it5 clidrit<4ble activities,
Fund accountlng
Unrestricted f unds 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 purposes.
Further explanation of the nature and purpose of each fund is included in the note5 to the financial 5tatemenls,
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the
period of the lease.
Page 8
continued...

Grace Generation
Notes to the Financial Statements - continued
for the Year Ended 31 Au%ust 2023
ACCOUNTING POLICIES- contlnued
Penslon costs and other post-retlrement benefits
The charitable company operate5 a defined contribution pension scheme. Contributions payable to the charitable
company's pension Scheme are charged to the Statement of Financial Activities in the period to which they relate.
Debtors and creditors receivable I payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction
price, Any losses arising from Impairment are recognised in expenditure.
DONATIONS AND LEGACIES
2023
2022
Donations
Gift aid
Foodbank
165,542
29,095
43,IS60
238 497
165,827
19,409
18,711
203 947
CHARITABLE ACTIVITIES COSTS
Support
costs (see
noteS1
Direct
Costs
Totals
Sisterhood
Compassion
Charitablo events
Premises Costs
Repairs & Maintenance
Accountancy fees
Ministry & support staff costs
Donations to missions & charities
Foodbank
707
2,954
20,247
15,325
163
707
2,954
20,247
15,867
163
2,734
110,368
9,017
26,033
542
2,734
110,368
9,017
26,033
184 814
Page 9
continued...

Grace Generation
Notes to the Financial Statements - continued
for the Year Ended 31 Au%ust 2023
SUPPORT COSTS
Governance
Costs
Other resources expended
Premises Costs
Accountancy fees
464
542
2,734
NET INCOMEIIEXPENDITUREI
Net incomellexpenditurel15 Stated after charBing/lcreditinBI'.
2023
2022
Depreciation owned assets
Other operatin8 leases
13,921
4,(￿2
TRUSTEES, REMUNERATION AND BENEFITS
The total amount of remuneration received by trustees and the costs to the employer in the year was £21,390.
Trustees, expenses
There were no Irustees, expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.
STAFF COSTS
The avera8e monthly number of employees during the year was as follows..
2023
2022
Staff
No employees received emoluments in excess of £60,000.
Pa8e 10
continued...

Grace Generation
Notes to the Financial Statements - continued
for the Year Ended 31 Au%ust 2023
TANGIBLE FIXED ASSETS
Improvements
to
property
Fixtures
and
fittings
Totals
COST
At I September 2022
Additions
At 31 August 2Q23
DEPRECIATION
At 15eptember 2022
Charge for year
At 31 August 2023
NET BOOK VALUE
At 31 August 2023
At 31 August 2022
65,100
29.643
94,743
34,894
19,654
54,548
99,994
49,297
149,291
57,381
7,858
65,239
26,365
83,746
13,921
97,667
32,428
io.
DEBTOR5: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023
2022
Other debtors
ii.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Bank loan5 and overdraft515ee note 131
Trade creditors
Social securitv 8nd other taxes
Accruals and deferred incorne
8,862
1,718
4,764
31,311
800
2,681
Pa8e 11
continued...

Grace Generation
Notes to the Financial Statements - continued
for the Year Ended 31 Au%ust 2023
12.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023
2022
Bank loans Isee note 131
Other loans15ee note 131
13,118
13.
LOANS
An analysis of the maturity of loans is given below:
2023
2022
Amounts falling due within one year on demand..
Bank overdrafts
Bank loans
31.311
8,862
Amounts falling due between two and five years..
Bank IDan5- 2-5 years
Other loans - 2-5 years
13,118
10,000
20,000
14.
MOVEMENT IN FUNDS
Net
movement
in f unds
Transfers
between
funds
At
31.8,23
At 1,9.22
Unrestricted funds
General fund
117.511)
26,127
12.5681
6,048
Restrlrted funds
Building Fund
Foodbank
27,344
19,763
1,203
22,613
7,354
4,7861
35,901
37,590
TOTAL FUNDS
49 943
Pa8e 12
continued...

Grace Generation
Notes to the Financial Statements - continued
for the Year Ended 31 Au%ust 2023
14.
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
180,537
1154,4101
26.127
Restrlrted funds
Building Fund
Foodbank
14,100
43,860
57,960
238 497
112,8971
121,2471
34,1441
188 5541
1.203
22,613
23,816
TOTAL FUNDS
Comparatlves for 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 fund5
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 13
continued...

Grace Generation
Notes to the Financial Statements - continued
for the Year Ended 31 Au%ust 2023
14.
MOVEMENT IN FUND5- contlnued
Comparative 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
A current year 12 months and prlor year 12 months combined posStSon Is as follows:
Net
movement
in f unds
Transfers
between
funds
At
31.8.23
At 1,9.21
Unrestrlcted funds
General fund
9.145
(5291
12,5681
6,048
Restricted funds
Building Fund
Foodbank
13,286
20,965
34,251
15,261
21,411
36,672
7,354
4,786)
2,568
35,901
37,590
73,491
TOTAL FUNDS
Pa8e 14
continued...

Grace Generation
Notes to the Financial Statements - continued
for the Year Ended 31 Au%ust 2023
14.
MOVEMENT IN FUND5- contlnued
A current year 12 months and prior year 12 months Combined net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
340,966
1341,4951
15291
Restrlrted funds
Building Fund
Foodbank
37,837
63,641
101,478
442 444
122,5761
142,2301
64,8061
406 3011
15,261
21,411
36,672
TOTAL FUNDS
15.
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2023.
Pa8e 15

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.