Company registratlon number: N1043798
Charity Commlssion Nl number: 102190
Gracehill Old School Trust
Company limited by guarantee
Unaudlted financial statements
31 March 2023
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Gracehill Old School Trust
Company Ilmlted by guarantee
Contents
Page
Reference and Administrative Details
Trustees, Annual Report
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
10-11
Notes to the financial statements
12-15

Gracehlll Old School Trust
Company limfted by guarantee
Reference and Admlnistrative Detalls
Trustees
Peter Thomas Carter Brown
Christie Colhoun
Dr David John Johnston
Roberta Kathleen Thompson
William Richard Wray
Company number
N1043798
CCNI number
102190
Reglstered offi¢•
8 Montgomery Street
Gracehill
Co Antrim
BT42 2NN
Independent examlner
Potter Finnegan Limited
Unit 25 The Coutyard Business Park
190 Galgorm Road
Ballymena
Co Antrim
BT42 1HL
Bankers
Danske Bank
North Business Centre
1-2 Broadway
Ballymena
Co Antrim
BT43 7AA
Sollcltors
Martin King French & Ingram
52 Catherine Street
Limavady
Co Londonderry
BT49 9DB

Gracehlll Old School Trust
Company limited by guarantee
Trustees. Annual Report
Year ended 31 March 2023
The trustees present their report and the unaudited financial statements of the charity for the year ended 31
March 2023. The trustees have adopted the provisions of the Statements of Recommended Practice (SORP)
"Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of
the charity.
Objectlves and activities
Gracehill Old School Trust's objects are °to preseNe and protect for the public benefit, building or structures of
interest in and near Gracehill in the County of Antrim and lo restore renovate and COnse￿e parkland planned
landscapes and other open spaces and land related to such buildings or structures."
Having overseen its restoration, the Trust now manages Gracehill ord School. the Grade B listed fornier primary
school in the Moravian settlement and Conservation Area of Gra￿h111. As well as providing sustainable income
from rental of portions of the premises and community facilities, the building also houses a mock schoolroom
which is open to organised tours and an exhibition which is open to the public during the building's opening
hours and by arrangement outside normal business hours. This centre outlines the history of the Moravian
community and their settlement at Gracehill and contains interpretative panels and exhibits. The Trust facilitates
organisations who wish to visit the village with tours by local volunteer guides.
The Trust has also overseen the renovation of the Village Square, including the reinstatement of the vlllage
pond and historic pathways. They have researched and installed a °live" Victorian Post Box outside the former
historic Village Post Office and Shop, which they have now acquired. Having secured funding, a programme of
renovating and restoring of the building Is now underway in a similar project to the Old School. The first phase
of this has now been completed restoring the historic living accommodation within the building. This will be
available for short term rental. The fabric of the building has also been restored and protected with the installation
of a new roof structure, replumbing and rewiring.
These initiatives directly benefit the users of the community facilities within the Old School and visitors to the
interpretative centre and school room. They indirectly benefit those organisations that make use of tlie organised
tours of the village and the tenants who are provided with suitable premises for their businesses. It also has a
wider benefit to the community at large through the retention and restoration of buildings of historic significance
in a conservation area. These benefits are all recognisable, identifiable, definabla and capable of description
and are all beneficial.
The intended beneficiaries are sections of the public who live in the village or visit the village and use its
premises. The wider public also benefit through enhanced public understsnding of the history of Moravians and
the settlement in Gracehill and through access being granted to historic buildings and architectural features
which are also being preserved for the enjoyment of future generations.
Publlc benefit statément
The trustees have had regard to the Charity Commission for Northem Ireland's guidance on public benefi't and
they believe that this has been met through the achievements outlined in this report.
Achievements and perfonnance
Gracehill Old School
During the year, activity has continued to recover following the pandemic. There has been a gradual increase
in tours and community use of the facility although not yet returning to their pre-covid levels.

Gracehill Old School Trust
Company limited by guarantee
Trustees, Annual Report
Year ended 31 March 2023
The Old Shop. 6 Montgomery Street, Gracehlll
During the year, the Trust completed further renovation work on the building and an associated courtyard further
enhancing a¢￿sS to the historic Old Shop interior and holiday accommodation. All grant aid applicable to this
work has now been paid. The funders included private donors, Mid and East Antrim Borough Council, the
Department of Agriculture, Environment and Rural Affairs (DAERA) Village Catalyst Pilot and the Historic
Buildings Division, Department of Communities.
The building is now operational and has had a number of visitors but has also been extensively used by
visitors in connection with the World Heritage Nomination. The Old Shop has also been used to facilitate Tour
and Volunteer Guide training and as a venue for community activities, such as Craft fairs and history groups.
In addition, it has been the catalyst to bring back a mobile library Ser￿l¢e to the village which is now regularly
used by many local people.
World Hèritage Statu8
The Trust has continued the efforts. now in their twenty-first year. to take forward the World Heritage bid that
involves Gracehill as a constituent part of the proposed "Moravian Church Setllements" transnational nomination
to UNESCO in partnership with Bethlehem (USA), Hermhut (Germany) and Christiansfeld (Denmark). During
the year further progress was achieved. Gracehill was added to the UK "TentatNe Lisf of Potential World
Heritage sites and was subsequently part of the nomination by the US Government to UNESCO in Paris. The
assessment process is ongoing with the outcome possibly known in Summer 2024.
The Trust was fortunate to work in close partnership with Gracehill Moravian Church and was successful in
achieving significant fijnding toward the costs of preparing the nomination documentation from Mid and East
Antrim Borough Council and Historic Buildings Division, Department of Communities.
Tour3
The number of tours has continued to increase again during the year wtth a noticeable increase in international
visitors perhaps prompted by ongoing media interest.
F5nanclal revlew
The financial results are as set out on 9-10 of the accounts. The challenges faced by the trustees in 2022.23
are likely to continue and will require ongoing monitoring.
Structure, governance and management
Gracehill Old School Trust is a company limited by guarantee and a registered charity. The company was
incorporated on 6 August 2002. The company was established under a Memorandum of Association which
established the objectives and powers of the company and is govemed by its Articles of Association. The liability
of the members is limited in that every member of the company undertakes to contribute to the assets of the
company in the event of its being wound up while helshe is a member or within one year after helshe ceases to
be a member, for payment of the debts and liabilities of the company contracted before helshe ceases to be
member and of the costs. charges and expenses of winding-up and for the adjustment of the rights of the
contributories amongst themselves. such amount as may be required not exceeding £1.
The directors of the charitable company are its trustees for the purpose of charity law. The trustees who have
seNed during the year and since the year end were as follows:
Peter Thomas Carter Brown
Christie Colhoun
David John Johnston
Roberta Kathleen Thompson
William Richard Wray

Gracehill Old School Trust
Company limited by guarantse
Trustees, Annual Report
Year ended 31 March 2023
Small company provisions
This report has been prepared in accordan￿ with the provisions applicable to companies entitled to the small
companies exemption.
This report was approved by the board on 20 November 2023 and signed on behalf of the board by:
Dr Davld John Johnston
Trustee

Gra¢ehill Old School Trust
Company limited by guarantee
Independent ExamIne￿8 Report to the Trustees of Gracehill Old School Trust
Year ended 3q March 2023
We report on the accounts of the company for the year ended 31 March 2023 which are set out on pages 9 to
15.
Respectlve responslbilltles of trustees and examiner
As the charity trustees (and also the directors of the company for the purposes of company law) you are
responsible forthe preparation of the accounts in accordance with the requirements ofth6 Companies Act 2006.
Having satisfied ourselves that the charity is not subject to audit under company law, and is eligible for
independent examination, it is our responsibility to=
examine the accounts under section 65 of the Charities Act (Northern I￿land) 2008.,
follow the procedures laid down in the general Directions given by the Charity Commission for Northern
Ireland under section 6519)(b) of the Charities Act. and
state whether particular matters have come to our attention.
Basis of Independent •xamlnerfs report
We have examined your charity accounts as required under section 65 of the Charities Act and our examination
was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland
under section 65{9)(b) 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 includes consideration of
any unusual items or disclosures in the accounts and seeking explanations from you as charity trustees
concerning any such matters.
Our role is to state whether any material matters have come to our attention giving us cause to believe..
1. That accounting records were not kept in accordance with section 386 of the Companies Act 2006
2. That the accounts do not accord viith those accounting records
3. 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 Ststement of Recommended Practice applicable
to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland
4. That there is further information needed for a proper understanding of the accounts to be reached.

Gracehlll Old School Trust
Company limited by guarantee
Independent Examlnor's Report to the Trustees of Gracehlll Old School Trust
Year ended 31 March 2023
Independent examiner's statement
We have completed our examination and have no concems in respect of the matters (1) to (4) listed above and,
in connection with following the Dire￿10n$ of the Charity Commission for Northern Ireland, we have found no
matters that require drawing to your atiention.
Potter Flnnegan Itd
Chaitered AccouF)tants
Unit 25 The Coutyard Business Park
190 Galgorm Road
Ballymena
Co Antrim
BT42 1HL
20 November 2023

Gracehill Old School Trust
Company limited by guaranteè
Statement of Financial Actlvltles
Year ended 31 March 2023
Unrestrfcted Restrictod Total Funds Total Funds
Funds
Funds
2023
2022
Note
Income from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Grants and other income
Total incoming resources
15.500
15.500
22.177
72.190
72,190
59,281
43,716
131,408
20.000
20.000
63,716
151,408
70,745
152,204
Expenditure on:
Raising funds
Charitable activities
Other expenditure
Total expendlture
(38,386)
(38.386)
(94,151)
(132,537)
(37,731)
(79,859)
(117,5901
(94,151)
(94,151)
(38,386)
Net movement In funds
37.257
(18,386
18,871
34,614
Reconclllatlon of funds
Total funds brought foNard
517,124
4,269
521.393
486,779
Retained earnings at the end of the year
554,381
(14,117)
540,264
521,393
All the activities of the company are from continuing operations.
The notes on pages 12 to 15 form part of these financial statements.

Gracehlll Old School Trust
Company Ilmited by guarantee
Balance Sheet
31 March 2023
Unrestricted Restricted
funds
funds
Total funds
2023
Total funds
2022
Fixed assets
Tangible assets
Total fixed assets
1 144 662
1,144.662
1144 662
1,144,662
1 142.814
4,142,814
Current assets
Debtors
Cash at bank and in hand
Total current assets
24,043
24,043
776
24,819
35,548
19,209
5.610
37,600
Llabllltles
Credltors: amounts falllng
due wlthln one year
(55,047)
(19.727)
(74.774)
(57,369)
Net current
assetsl(Ilabllltles)
(36,838)
(14,117>
(49,955)
(19,769)
Total assets less current
Ilablllties
1,108,824
114,117
1,094,707
1,123,044
Creditors: amounts falling
due after more than one
year
10
(554,443)
(554,443>
(601,652)
Net a8Set$
554,381
114,1171
540,264
521,393
Charlty funds
Unrestricted funds
Restricted funds
11
11
554.381
554,381
(14,117)
517,124
4,269
{14,117)
Total charity funds
554,381
(14,117)
540.264
521,393
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the
Companies Act 2006 relating to small companies.
Directors responsibilities=
The members have not required the company to obtain an audit of its financial statements ft>r the year in
question in accordan￿ with section 476.,
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect
to accounting records and the preparation of financial statements.
10

Gracehlll Old School Trust
Company limited by guarantee
Balance Sheet (contlnuedl
31 March 2023
These financial statements have been prepared in accordan￿ with the provisions applicable to companies
subject to the small companies, regime and in accordance with FRS 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland..
These financial statements were approved by the board and authorised for issue on 20 November 2023, and
are signed on behalf of the board by:
Dr David John Johnston
Trustee
Chrlstie
Tru8
oun
The notes on pages 12 to 15 fonn part of these financial statements.
11

Gracehill Old School Trust
Company limlted by guarantee
Notes to the Flnancial Statements
Year ended 31 March 2023
General informatlon
The company is a private company limited by guarantee, registered in Northern Ireland. The address of
the registered office is 8 Montgomery Street. Gracehill, County Antrim. BT42 2NN.
Statement of compllance
These financial ststements have been prepared under the historical cost convention and in accordance
with the Statement of Recommended Practi￿ 'Accounting and Reporting by Charities {SORP 2015),,
issued in July 2014 and the Companies Act 2006.
Accountlng policles
Basls of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation
of certain financial assets and liabilits'es and investment properties measured at fair value ihrough profit
or loss.
The financlal statements are prepared in sterling, which is the functional currency of the entity.
Income
Income is measured at the fair value of the consideration received or receivable for goods supplied and
services rendered, net of discounts and Value Added Tax.
Tangibla assets
Tangible assets are initialty recorded at cost and are subsequently stated at cost less any accumulated
depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation
less any subsequent accumulated depreciation and subsequent accumulated impaimient losses.
An increase in the carrying amount of an asset as a result of a revaluation. is ￿COgnised in other
comprehensive income and accumulated in capital and reserves. except to the extent it reverses a
revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the
carying amount of an asset as a result of revaluation is recognised in other comprehensive income to
Ihe extent of any previously recognised revaluation increase accumulated in capital and reserves in
respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains
accumulated in capital and reserves in respect of that asset. the excess shall be recognised in profit or
loss.
12

Gracehill Old School Trust
Company limited by guarantee
Notes to the Financlal Statemonts {continued)
Year ended 31 March 2023
Depreclatlon
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,
over the useful economic life of that asset as follows:
Land and buildings
Fixtures. fittings and equipment
15°
straight line
If there is an indication that there has been a Signif￿nt change in depreciation rate, useful life or
residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Government grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the statement
of financial activities over the useful life of the assets. Grants towards revenue expenditure are released
to the statement of financial activities as the related expenditure is incurred.
Incoming resour¢88 from trading actlvltles
Unrestricted Restrfctod Total Funds Total Funds
Funds
Funds
2023
2022
Rental income
Electricity and gas recharges
Other income
36.570
34.240
36.569
34,239
36,334
22,372
576
59,281
72,190
72,190
Total other expendlture
Unrestrlcted Restricted Total Funds
Funds
Funds
2023
Total Funds
2022
Insurance
Premises expenses
Repairs and maintenance
General admin expenses
Legal and professional fees
Bank interest
Depreciation of fixed assets
5.586
49,361
18,860
2,091
3,178
9.092
5.983
94,151
5.586
49,361
18,860
2.091
3,178
9,092
5,983
94,151
2.756
34,142
25,727
1,320
2,478
7,453
5,983
79,859
Taxation
The company is a registered charity and does not cary out a trading activity. It is therefore exempt from
taxation.
13

Gracehlll Old School Trust
Company limited by guarantee
Not8s to the Financial Statements (contlnued)
Year ended 31 March 2023
Tangible assets
Fixtures
Freehold flttlngs and
property equlpment
Total
Cost
At 1 Aprll 2022
Additions
1.122.678
7.831
48,088 1,170,766
7.831
At 31 March 2023
1.130,509
48,088
1,178,597
Depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
27,952
5,983
27,952
5,983
33,935
33,935
Carrylng amount
At 31 March 2023
1,130,509
14.153 1.144,662
At 31 March 2022
1,122,678
20,136 1,142,814
Debtors
2023
2022
Trade debtors
Other debtors
21,921
2,122
12,412
23,136
24,043
35,548
Creditors: amounts falling due withln one year
2023
2022
Bank loans and overdrafts
Social security and other taxes
Loans from trustees
Other creditors
27,157
851
4,600
42,166
24,222
1,000
32.147
74.774
57.369
14

Gracehill Old School Trust
Company limited by guarantee
Notes to the Financlal Statements (continued)
Year ended 31 March 2023
10.
Creditors: amounts falling due after more than one year
2023
2022
Bank loans and overdrafts
Deferred income
118.453
435,990
137,911
463.740
554,443
601,652
11.
Summary of funds reconclllatlon
Openlng
Balance
Closlng
Expendlture Transfers Balance
Incom8
Unrestricted funds
General
517 124
517,124
131408
131,408
94.151
194,151)
554 381
554,381
Restricted funds
World Heritage application
4.269
4,269
20,000
38,386
(14,117)
521,393
151,408
1132,537)
540,264
12.
Golng Concèrn
The trustee8 have considered the cashflow position of the Trust and are satisfied that sufficient funds are
In place to allow the Trust to continue to operate within agreed facilities for the period of at least 12 months
from the date of approval of these financial statements.
The financial statements have therefore been prepared on the going concem basis and have not been
amended in any way to reflect any Impact of any potential going concern issues.
15