REGISTERED COMPANY NUMBER: N1612550 (Northern IreSand)
REGISTERED CHARITY NUMBER: 101897
Re
ort of the Trustees and
Unaudited Financial Statements for the Year Ended 31 Au
ust 2024
for
Grace Generation
an
Limited b Guarantee
Acom
I<GA
ACCOU NT ANTS

Grace Generation
Contents of the Financial Statements
for the Year Ended 31 Au
ust 2024
Page
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Note5 to the Financial Statements
8 to 15

Grace Generation
Re
istered number: N1612550
ort of the Truslees
for the Year Ended 31 Au
ust 2024
The trustees who are a150 directors of the charity for the purposes of the Companies Act 2006, present their report with
the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of
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.
OBJECTIVES AND ACTIVITIES
Objectlves and aim5
This was our second year using the new premises, formerly 'The Coach, Nightclub, and our first year with the building
being fully utilised. The buildings are now in a very usable state and accommodate the various Church Ministries and
Community outreaches very well.
Church attendance on Sunday5 has grown steadily this year as has our fortnightly Connect Group5.
Our Youth and Children's work have also continued to flourish and grow. We are grateful to the leaders and volunteers
who demonstrate a real heart to see the kids and young people flourish in faith and in life in general.
'The StoreHouse' Foodbank and 'The Bridge Pantry, (Social Supermarket) continue to be busy and are 5UPPOrted by an
excellent team of volunteers. Both the Foodbank and the Pantry are well supported by other churches, schools and
businesses in the town and we are very grateful for their ongoing assistance.
The Foodbank and The Pantry continue to enjoy an excellent working relationship with both the other Foodbanks in the
area and our local ABC Council.
Our Coffee House, called 'Cove & Co,, opened in mid-April 2024 after considerable work had taken place to renovate and
decorate the premises which sits on the main street and easily accessible for all. It 15 a wonderful space and has had great
reviews since it opened.
In June, following a review of how we operate, a new leadership structure for Grace Generation was introduced on a
rolling basis. This involved changes at Board level, various leadership roles and the introduction of an 'External Spiritual
Oversight,.
Again, we have been blessed by God's amazing provision in every way. Having the larger premises has allowed the work to
continue to grow and develop. Finances are in a healthy state and we are thankful for how God has blessed the work this
past year. We look forward to the new season with expectation and faith, believing that God will continue to bless the
ongoing work and ministries of Grace Generation.
Page I

Grace Generation
Re
istered number: N1612550
Re
ort of the Trustees
for the Year Ended 31 Au
ust 2024
OBJECTIVES AND ACTIVITIES
Public benefit
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 people5 lives
will be changed for the better in terms of personal well being, having a sense of belongin8 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 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 lowing from this
purpose.
21 The relief of any person who is in charitable need. The direct benefit which flows from 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 from babies
to children, youth and adults of all ages. There is no private benefit flowing from this 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 affect 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 from babies to
children, youth and adults of all ages. There is no private benefit flowing from this purpose.
41 Such other charitable purposes as are recognised as such under the laws of Northern Ireland consistent with the object
set out in purpose111 above. The direct benefit whlch flows from this purpose is the provision to develop existing
charitable purposes and also future charitable purposes which will benefit individuals resulting in transformed lives and
the ability to further help those in need in our society and beyond. These benefits wlll be evidenced through new
opportunities 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's beneficiaries are all members of the general
public from babies to children, youth and adults of all ages.
The trustees confirm that they have complied with the duties to have regard to the Charity Commission Northern Ireland
guidance on public benefit.
FINANCIAL REVIEW
Finantlal posltlon
The charity has made a loss in the year of £7,459 12023 Surplus of £26.1271 on Its unrestricted fund and a loss of £18,713
12023 Surplus of £23,816) on its restricted funds.
Reserves policv
The unrestricted reserves of -£1,41112023 £6,048) are les5 than desired but deemed sufficient to meet the working capital
requirements of the charity. The strategy is to build reserves through operating surpluses. The restricted building reserves
of £22,88112023 E35,9011 is to be used to purchase or renovate a property for the charity in the future while the
restricted foodbank reserves of £31,89712023 £37,590) is to be used for providing a foodbank to the community.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company. limited by
guarantee, as defined by the Companies Act 2006.
Page 2

Grace Generation
Re
istered number..
1612550
ort of the Trijstees
for the Year Ended 31 Au
U5t 2024
REFERENCE AND ADMINISTRATIVE DEfAILS
Reglstered Compatty number
N1612550 (Northern Ireland)
Registered Charity number
101897
Registered office
17-21 Church Square
Banbridge
Co. Down
BT32 4AP
Trustees
Mrs J A McGreevy Hr Business PÈrtner
M K Oman Company Director
B J somerville Pastor
J Charman Company Direttor
Independent Examiner
Eunan Kerlin
KGA Accountants LLP
Building 2
The Sidin8S
Antrim Road
Lisburn
Co. Antrim
8T28 3AJ
Thls report has been prepared In accordance with the 5peclal provislons of Part 15 of the Companies
small companies.
ct 2006 relating to
Approved by order of the board of trustees on .. ..... ..
and slgned on its behalf bv..
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 2024, which are set out on pages five to fifteen.
Respective responslbllltles of charity trustees and examlner
As the charity's trustees land a150 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 satisfied 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 procedure5 laid down in the general Direction5 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 examiner's report
I have examined your charity account5 as required under Section 65 of the Charities Act and my examination was carried
out in accordance with the general Directions 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 also included consideration of any unusual items or disclosures in the
accounts, and seeking explanations from you as charity trustees concerning 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 Section 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 principles of the 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
That there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters111 to141 listed above and, in connection
with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require
drawing to your attention.
Eunan Kerlin
KGA Accountants LLP
Building 2
The Siding5
Antrim Road
Lisburn
Co. Antrim
BT28 3Ai
21 May 2025
Page 4

Grace Generation
Statement of Financial Activities
oratin
an Income and Ex
enditure Account
for the Year Ended 31 Au
ust 2024
Incor
2024
Total
funds
2023
Total
funds
Unrestricted
fund
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
180,316
33,340
213,656
238,497
EXPENDITURE ON
Charltable activities
Sisterhood
Compassion
Charitable events
Premises Costs
Repairs & Maintenance
Accountancy fees
Ministry & 5UPPOrt staff costs
Donation5 to missions & charities
Foodbank
249
463
34,177
38,887
249
463
34,177
55,126
14
1,116
104,949
7,214
35,703
707
2,954
20,247
15,867
163
2,734
110,368
9,017
26,033
16,239
14
1,116
104,949
7,214
35,703
Other
817
817
464
Total
187,872
51,956
239,828
188,554
NET INCOME/{EXPENDITURE)
Transfers between funds
17.5561
97
118,6161
1971
126,1721
49.943
14
Net movement in funds
17,4591
118,7131
126,1721
49,943
RECONCILIATION OF FUNDS
Total funds brought forward
6,048
73,491
79,539
29,596
TOTAL FUNDS CARRIED FORWARD
11,4111
54,778
53,367
79,539
The notes form part of these financial statements
Page 5

Grace Generation
Re
istered number.. N1612550
Balance Sheet
31Au
ust 2024
2024
Total
funds
2023
Total
fund5
Unrestricted
fund
Restricted
f unds
Notes
FIXED ASSETS
Tangible assets
3,839
36,460
40,299
51,624
CURRENT ASSETS
Debtors
Cash at bank and in hand
io
9,301
59,496
14,132
30,742
44,874
14,132
30,742
44,874
68,797
CREDITORS
Amounts falling due within one year
li
19,3821
18,0921
117,4741
117,7641
NET CURRENT ASSETS
4,750
22,650
27,400
51,033
TOTAL ASSETS LESS CURRENT LIABILITIES
8,589
59,110
67,699
102,657
CREDITORS
Amounts falling due after more than one year
12
iio,0001
14,3321
114,3321
123,1181
NET ASSETS
11,4111
54,778
53,367
79,539
FUNDS
Unregtricted funds
Restricted funds
14
11,4111
54,778
6,048
73,491
TOTAL FUNDS
53,367
79,539
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year
ended 31 August 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended
31 August 2024 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 Acl 2006 and
preparing financial statements which give a true and fair view of the state of affairs of the charitable company as
at the end of each financial 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 requirement5 of the Companies Act
2006 relating to financial statements, so far as applicable to the charitable companv.
Ibl
The notes form part of these financial statements
Page 6
continued...

Grace Generali
Re
istered number.. N1612550
Balance Sheet- continued
31Au
ust 2024
These financial statements have been prepared In accordance wlth the provisions appllcable to ch
subject to the small companies reBime.
ritable companies
The financial Statements were approved by the Board of Trustees and authorised for issue on
and were sSgned on Its behalf by:
M KOman-Trustee
The notes form part of these financial statèments
Page 7

Grace Generation
Notes to the Financial Statements
for the Year Ended 31 Au
V5t 2024
STATUTORY INFORMATION
Grace Generation is a private company, limited by guarantee, registered in Northern Ireland. In the event of the
charity being wound up, the liability in respect of the Buarantee is limited to £1 per member of the charity. The
Company's registered number and registered office address can be found on the Company informatlon page.
The financial statements are prepared in sterling the functional currency of the entity rounded to the nearest
pound.
ACCOUNTING POLICIES
Basis of preparlng the f inanclal statements
The financial statements of the charitable companyi which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities 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 financial statements have been prepared under the historical cost convention.
Income
All income is recogni5ed in the Statement of Financial Activities once the charity has entitlement to the funds, it 15
probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised a5 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 is 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 activities on a basis consistent with the use of
resources.
Tanglble fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings
20Yo on cost
Taxation
The charity 15 exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objective5 at the discretion of the trustees.
Restricted funds can only be used for particular restricted purpose5 Wlthin the objects of the charity. Restrictions
arise when Specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hlre purchase and leasing commitments
Rentals paid under operating lease5 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 2024
ACCOUNTING POLICIES- continued
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contribution5 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 wlthln 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 recogni5ed in expenditure.
DONATIONS AND LEGACIES
2024
2023
Donations
Gift aid
Foodbank
158,755
23,807
31,094
165,542
29,095
43,860
213,656
238,497
CHARITABLE AcfiviTIES COSTS
Support
costs (see
note 51
Direct
Costs
Tota15
Sisterhood
Compassion
Charitable events
Premises Costs
Repairs & Maintenance
Accountancy fees
Ministry & support staff costs
Donations to missions & charities
Foodbank
249
463
34,177
54,640
14
249
463
34,177
55,126
14
1,116
104,949
7,214
35,703
486
1.116
104,949
7,214
35,703
237,409
1,602
239,011
Page 9
continued...

Grace Generation
Notes to the Financial Statements - continued
for the Year Ended 31 Au
U5t 2024
SUPPORT COSTS
Governance
costs
Other resources expended
Premises Costs
Accountancy fee5
817
486
1,116
2,419
NET INCOME/(EXPENDITURE}
Net incomellexpenditurel is stated after charging/lcreditingl:
2024
2023
Depreciation - owned assets
Other operating leases
14,569
4,801
13,921
TRUSTEES, REMUNERATION AND BENEFITS
The total amount of remuneration received by trustee5 and the costs to the employer in the year was £13,441.
Trustees, expenses
There were no trustee5' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.
STAFF COSTS
The average monthly number of employees during the year was as follows..
2024
2023
Staff
No employees received emoluments in excess of £60,000.
Page 10
continued...

Grace Generation
Notes to the Financial Statements continued
for the Year Ended 31 Au
ust 2024
TANGIBLE FIXED ASSET5
Improvements
Fixtures
and
fittings
property
Totals
COST
At I September 2023
Additions
94,743
54,548
3,244
149,291
3,244
At 31 August 2024
94,743
57,792
152,535
DEPRECIATION
At I September 2023
Charge for year
65,239
7,858
32,428
6,711
97,667
14,569
At 31 August 2024
73,097
39,139
112,236
NET BOOK VALUE
At 31 August 2024
21,646
18,653
40,299
At 31 August 2023
29,504
22,120
51,624
io.
DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
2023
Other debtors
9,301
ii.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Bank loans and overdrafts (see note 131
Trade creditors
Social security and other taxes
Accruals and deferred income
8,824
1,489
4,861
2,300
8,862
1,718
4,764
2,420
17,474
17,764
Page 11
continued...

Grace Generation
Notes to the Financial Statements- continued
for the Year Ended 31 Au
U5t 2024
12.
CREDITORS: AMOUNTS FALLING DUE AFTER MORETHAN ONE YEAR
2024
2023
Bank loans Isee note 131
Other loans (see note 131
4,332
10,000
13,118
10,000
14,332
23,118
13.
LOAN5
An analysis of the maturity of loans is given below:
2024
2023
Amounts falling due within one year on demand..
Bank loans
8,824
8,862
Amounts falling due between two and five years..
Bank loans - 2-5 years
Other loan5 - 2-5 years
4,332
10,000
13,118
10,000
14,332
23,118
14.
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
31.8.24
At 1.9.23
Unrestritted funds
General fund
6.048
17,5561
97
11,4111
Restricted fund5
Building Fund
Foodbank
35,901
37,590
114,5231
14,0931
1,503
11,6001
22,881
31,897
73,491
118,6161
1971
54,778
TOTAL FUNDS
79,539
126,1721
53,367
Page 12
continued...

Grace Generation
Notes to the Financial Statements - continued
for the Year Ended 31 Au
ust 2024
14.
MOVEMENT IN FUNDS- continued
Net movement in fund5, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in f unds
Unrestricted funds
General fund
180,316
1187,8721
17,5561
Restrlcted funds
Building Fund
Foodbank
1,604
31,736
(16,1271
135,8291
114,5231
14,0931
33,340
151,9561
118,6161
TOTAL FUNDS
213,656
1239,8281
126,1721
Comparatives formovement in funds
Net
movement
in funds
Transfers
between
funds
At
31.8.23
At 1.9.22
Unrestricted funds
General fund
117,5111
26,127
12,5681
6,048
Restricted funds
Building Fund
Foodbank
27,344
19,763
1,203
22,613
7,354
14,7861
35,901
37,590
47,107
23,816
2,568
73,491
TOTAL FUNDS
29,596
49,943
79,539
Page 13
continued...

Grace Generation
Notes to the Financial Statements - continued
for the Year Ended 31 Au
ust 2024
14.
MOVEMENT IN FUNDS- contlnued
Comparative net movement in funds, included in the above are as follows-.
Incoming
resources
Resources
expended
Movement
in fund5
Unrestricted funds
General fund
180,537
1154,4101
26,127
Restrlcted funds
Building Fund
Foodbank
14,100
43,860
112,8971
121,2471
1,203
22,613
57,960
134,1441
23,816
TOTAL FUNDS
238,497
1188,5541
49,943
A current year 12 months and prior year 12 months combined position is a5 follows:
Net
movement
in funds
Transfers
between
funds
At
31.8.24
At 1.9.22
Unrestricted funds
General fund
117,5111
18,571
12.4711
11,4111
Restrlcted funds
Building Fund
Foodbank
27,344
19,763
113,3201
18,520
8,857
16,3861
22,881
31.897
47,107
5,200
2,471
54,778
TOTAL FUNDS
29,596
23,771
53,367
Page 14
continued...

Grace Generation
Note5 to the Financial Statements - continued
for the Year Ended 31 Au
ust 2024
14.
MOVEMENT IN FUNDS- 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 fund5
Unrestrlcted funds
General fund
360,853
1342,2821
18,571
Re5trltted funds
Building Fund
Foodbank
15,704
75,596
129,0241
157,0761
113,3201
18,520
91,300
186,1001
5,200
TOTAL FUNDS
452,153
1428,3821
23,771
15.
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2024.
Page 15