Company registration number: N1043798
Cha."ity Commission Nl number: 102190
Gracehill Old School Trust
Company Ilmited by guarantee
Unaudited financial statements
31 March 2024
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Gracehill Old School Trust
Company limited 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

Gracehill Old School Trust
Company limited by guarantee
Reference and Administratlve Details
Trustees
Peter Thomas Carter Brown
Christie Colhoun
Dr David John Johnston
Roberta Kathleen Thompson
William Richard V*lray
Company number
N1043798
CCNI number
102190
Registered offlco
8 Montgomery Street
Gracehill
Co Antrim
BT42 2NN
Independent examlner
Potter Finnegan Limited
Unit 25 The Courtyard Business Park
190 Galgorm Road
Ballymena
Co Antrim
BT42 1HL
Bankers
Danske Bank
North Business Centre
1-2 Broadway
Ballymena
Co Antrim
BT43 7A4
Soll¢ltors
Martin King French & Ingram
52 Catherine Street
Limavady
Co Londonderry
BT49 9DB

Gracehill Old School Trust
Company limited by guarantee
Trustees, Annual Report
Year ended 31 March 2024
The trustees present their report and the unaudrted financial statements of the charity for the year ended 31
March 2024. The trustees have adopted Ihe provisions of the Statements of Recommended Practice (SORP)
"Accounting and Reporting by Charities. (FRS 102) in p￿parIng the annual report and financial statements of
the charity.
Objectives and actlvities
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 to restore renovate and conserve parkland planned
landscapes and other open spaces and land related to such buildings or structures."
Having overseen its restoration, the Trust now manages Gracehill Old School. the Grade B listed former
primary school in the Moravian settlement and Conservation Area of Gracehill. As well as providing
sustainable income from rental of portions of the premises and community facililies, the building also houses a
mock schoolroom which is open to organised lours and an exhibition which is open to the public during the
building's opening hours and by arrangement oulside normal business hours. This centre outlines Ihe 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 voliinteer,guides.
The Trust has also overseen the renovation of the Village Square, including the reinstatement of the village
pond and historic pathways. They have researched and Installed 8 "live. Victorian Post Box outside the former
historic Village Post Office and Shop, which they have now acquired. Having secured funding, a proqramm
of renovating and restoring the building is ongoing. The first phases of this have now been completed sec.urins
the fabric of the building and restoring the historic living accommodation within the building. This is available
for short term rental.
These initiatives directly benefit the users of the community facilities within the Old sc.hool and visitors to the
interpretstive centre and school room. They indirectly benefit those organisations that make use of the
organised tours of the village and the tenants who are prDVKled Wilh 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 a51 recognisable, identifi'able, definable and capable of
description and are all beneficial.
The intended beneficiaries are sections of the publ.'c who live in the village or visit the village and use its
premises. The wider public also benef,,t through enhanced public understanding of the history o! Moravianq
and the settlement in Gracehill and through access being granted to historic buildings a.nd aichitectural
features which are also being preserved for the erljoyment nf fLiture generations. The resloration and
interpretation has directly impacted the ongoing World Heritage nomination and Was illtegral to the appiicatiJii
and subsequent ICOMOS assessment.
Public benefit statement
The trustees have had regard to Ihe Charity Commission for Northern Ire.land's guidance on PLJblic benptil anci
they believe that this has been met through the achievements outlined in this repoti
Achievements and performance
Gracehill Old School
During the year, activity has continued with a gradual increase in tours and community use of the facility, now
having recovered to their pre-pandemic levels.

Gracehill Old School Trust
Company limited by guarantee
Trustees, Annual Report
Year ended 31 March 2024
The Old Shop, 6 Montgomery Street, Gracehlll
The building is now operational. hosling regular community activities including acting as a base for the return
of a mobile library seNice to the village with regular activities for senior citizens and school groups. The
holiday accommodation is now in use and has also been extensively used by visitors in connection with the
World Heritage Nomination including hosting the International ICOMOS assessment panel.
World Herltage Status
The Trust has continued the efforts, now in their fvrfenty second year, to take forward the World Heritage bid
that involves Gracehill as a constituent part of the Proposed "Moravian Church Settlements" transnational
nomination to UNESCO in partnership with Bethlehem (USA), Herrnhut (Germany) and Christiansfeld
(Denmark) During the year further progress was achieved following ihe nomination by the US Government to
UNESCO in Paris. The formal assessment visit to the international sites including Gra￿h111 was undertaken
during the Summer of 2023. It is hoped that the outcome will possibly become known in Summer 2024.
The Trust was fortunate to work in close partnership with Gracehill Moravian Church and was successful in
achieving significant funding toward the costs of preparing the nomination documentation from Mid and East
Antrim Borough Council and Historic Buildings DNision, Department of Communities.
Tours
The number of tours has continued to increase again in 2024, with a not￿able increase in international
visitors, perhaps prompted by ongoing media interest.
Financial review
The financial results are as set out on 9-10 of the accounts. The challenges faced by the trustees in 2023.24
8re 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 wntribute 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
eases to be a member, for payment of the debts and liabilities of the company contracted before helshe
ceases to be a member and of the costs, charges and expenses of winding-up and for the adjustment of the
rights of the contributories amongst Ihemselves. 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
served 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 guarantee
Trustees. Annual Report
Year ended 31 March 2024
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small
companies exemption.
This report was approved by tlie board on 28 November 2024 and sigii ed on behalf of the board by..
DrDa
id John Johnston
Trustee

Gracehill Old School Trust
Company limited by guarantee
Independent Examiner's Report to the Trustees of Gracehill Old School Trust
Year ended 31 March 2024
We report on the accounts of the company for the year ended 31 March 2024 which are set out on pages 9 to
15.
Respective responslblllties of trustses and examiner
As Ihe charity trustees (and also the directors of the company for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the 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 sects'on 65 of the Charities Act (Northern Ireland) 2008.,
follow the procedures laid down in the general Directions given by the Charity Commission for Northern
Ireland under section 65{9)(b) of the Charities Act- and
state whether particular matters have come to our attention.
Basls of independent examlnerfs 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 matiers.
Our role is to slate 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 with 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 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
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 ExamineVs Report to the Trustees of Gracehill Old School Trust
Year ended 31 March 2024
Independent examlnerfs statement
We have completed our examination and have no concerns in respect of the matters {1) to (4) listed above
and. in connection with following the Directions of the Charity Commission for Northern Ireland. we have found
no matters that require drawing to your attention.
louw *-
Potter Finnegan Itd
ChaTtered Accouniants
Unit 25 The Coutyard Business Park
190 Galgorm Road
Ballymena
Co Antrim
BT42 1HL
28 November 2024

Gracehill Old School Trust
Company limlted by guarantee
Statement of Financial Actlvltles
Year ended 31 March 2024
Unrestrlcted Restricted Total Funds Total Funds
Funds
Funds
2024
2023
Note
Income from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Grants and other income
Total Incoming resource8
6.738
6,738
15,500
65.964
23
59,678
132,403
65,964
23
89,678
162,403
72,190
30,000
30,000
63,716
151.408
Expendlture on:
Raising funds
Charitable activities
Other expenditure
Totsl expenditure
(22,493>
(22,493)
(91,942)
1114,435)
{38,386)
(94,151)
(132,537)
(91,942)
(91,942)
122,493)
Net movement In funds
40.461
7,507
47,968
18,871
Reconciliation of funds
Total funds brought fotward
554,381
(14.117)
540,264
521,393
Retained earnings at the end of the year
594,842
16,610>
588,232
540,284
All the activities of the company are from continuina operations.
The notes on pages 12 to 15 form part of these financial ststemenls.

Gracehill Old School Trust
Company limited by guarantee
Balance Sheet
31 March 2024
Note
Unrestrictsd
funds
Restricted
funds
Total funds
2024
Total funds
2023
Flxed assets
Tangible assets
Total fixed assets
1.149,339
1,149,339
1149 339
1,149,339
1,144 662
1,144,662
Current assets
Debtors
Cash at bank and in hand
Totsl current assets
14,355
14,355
24,043
776
24,819
19,875
19,875
Llabilities
Creditors: amounts falling
due wlthln one year
(63,639)
{6,610)
(70,249)
(74,774)
Net current
a8setsl(Ilabilities)
(43,764)
(6,610)
150,374)
149,955)
Total assets less current
liabilitles
1,105,575
(6,610)
1,098,965
1,094,707
Credltors: amounts falling
due after more than one
year
10
(510.733)
(510.733)
(554,443)
Net assets
594,842
(6,610)
588,232
540,264
Charity funds
Unrestricted funds
Restricted funds
11
11
594,842
594,842
(6,610)
554,381
(14,117)
(6,610)
Total charlty funds
594.842
{6,610)
588,232
540,264
For the year ending 31 March 2024 the company was entIt￿d to exemption from audit under section 477 of
the Companies Act 2006 relating to small companies.
D1￿CtOrS ￿SpOnsIbl11t1es.
The members have not required the company to obtain an audit of its financial statements for the year in
question in accordance 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

Gracehill Old School Trust
Company Ilmited by guarantee
Balance Sheet (contlnued)
31 March 2024
These financial statements have Deen prepared in accordance 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 28 November 2024, and
are signed on behalf of the board by..
Dr Davld John Johnston
Trustee
Christie C
Truste
oun
The notes on pages 12 to 15 form part of these financial statements.

Gracehill Old School Trust
Company limited by guarantee
Notes to the Financial Statements
Year ended 31 March 2024
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 statements have been prepared under the historical cost convention and in accordance
with Ihe Statement of Recommended Practice 'Accounting and Reporting by Charities (SORP 2015),,
issued in July 2014 and the Companies Act 2006.
Accounting pollcies
Basls of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation
of certain fi'nancial assets and liabilities and investment properties measured at fair value through profit
or loss.
The financial 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.
Tangible assets
Tangible assets are initially recorded at cost and are subsequently ststed at Cost less any accumulated
depreciation and impairment losses.
Any tsngible assets carried at revalued amounts are ￿Corded at the fair value at the date of revaluation
less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised In other
comprehensive income and accumulated in capiial and reserves, except to the extent it reverses a
revaluation decrease of the same asset p￿vIOuslY recognised in profit or loss. A decrease in Ihe
carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to
the 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 Statements (continued)
Year ended 31 March 2024
Depreciation
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
150
straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or
residual value of tangible assets, the depreciats'on is revised prospectively to reflect the new estimates.
Government grant6
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.
Incomlng resources from trading actlvltles
Unrestrlcted Restrlcted Total Funds
Funds
Funds
2024
Total Funds
2023
Rental income
Electricity and gas recharges
other income
37.501
27.923
540
65,964
37,501
27.923
540
65,964
36,570
34,240
1,380
72,190
Total other expenditure
Unrestricted Restrlcted Total Funds
Funds
Funds
2024
Total Funds
2023
Insurance
Premises expenses
Repairs and maintenance
General admin expenses
Legal and professional fees
Bank interest
Depreciation of fixed assets
1,255
43.729
21,272
1,475
7,091
11,802
1,255
43.729
21,272
1,475
7,091
11,802
5,983
91,942
5,586
49,361
18,860
2.091
3,178
9,092
5,983
94.1 $1
91,942
Taxation
The company is a registered charity and does not carry out a trading activity. It is therefore exempt from
taxation.
13

Gracehill Old School Trust
Company limited by guarantee
Notes to the Financial Statsments {continued)
Year ended 31 March 2024
Tangible assets
Fixtures
Freehold fittings and
property equipment
Total
Cost
At 1 April 2023
Additions
1,130,509
9,995
48,088
1,178,597
9,995
At 31 March 2024
1,140,504
48,088
1,188,592
Depreciation
At 1 April 2023
Charge ft)r the year
At 31 March 2024
33,935
5.318
33,935
S,318
39,253
39,253
Carrying amount
At 31 March 2024
1,140.504
8,835 1,149,339
At 31 March 2023
1,130,509
14,153 1,144,662
Debtors
2024
2023
Trade debtors
Other debtors
12.275
2,080
21,921
2,122
14,355
24,043
Creditors: amounts falling due wlthln one year
2024
023
Bank loans and overdrafts
Social security and other taxes
Loans from trustees
Other creditors
17,430
3.084
17,000
32,735
27,157
851
4,600
42,166
70,249
74,774
14

Gracehlll Old School Trust
Company limited by guarantee
Notes to the Flnancial Statements (continued)
Year ended 31 March 2024
10.
Credltors: amounts falling due after more than one year
2024
2023
Bank loans and overdrafts
Deferred income
102,493
408.240
118,453
435,990
510.733
554,443
11.
Summary of funds reconclliatlon
Opening
Balance
Closing
Expendlture Transfers Balance
Income
Unrestricted funds
General
554,381
554,381
132 403
132,403
91.9421
(91,942)
594 842
594,842
Restricted funds
World Heritage application
14,117
(14,117)
6,610
16,610
30,000
(22,493)
540,264
162,403
114,435)
588,232
12.
Going Concern
The trustees 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 concern basis and have not been
amended in any way to reflect any impact of any potential going concern issues.
15