GRACE FELLOWSHIP CHURCH LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
{INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2022
Unrestricted
funds
2022
Restrl¢ted
funds
2022
Total
2022
Total
2021
Incoming resources
Note
Incoming resources from charitable
activities
Offerings, gifts. donations and gfft aid
redaims
133.487
23.442
156,929
123,742
Totsl incoming resources
133,487
23.442
156,929
123.742
Resources expended
Premises running costs
Insurances
Staff costs and guest speakers
Office and adrrllnistration expenses
Mission
Ukranian Refugee Ministy
Youth and Organisations
Community Ministries
Bank charges
Independent Examinels fee
Conferences and courses
Sundry expenses
Depreaation
15.590
1,082
83,401
7,714
17.961
15,590
1.082
83,401
7,714
28.582
4,244
2.836
2.692
352
792
577
316
1,123
14,333
883
72,509
5,287
32,005
10,621
4,244
2,836
1.434
352
792
577
316
1,123
1,924
1,286
236
755
336
258
1,037
1,258
Total resources gxpond•d
133,178
16,123
149,301
(130.847)
Net inc0mingllo￿golngI resources
309
7,319
7,628
(7,1051
Transfers
Net movement in funds
309
7,319
7.628
(7.105)
Total funds brought foDNard at 1 January
2022
31,247
3.483
34,730
41,835
Totsl funds carrled forward at 31
December 2022
31,556
10,802
42,358
34,730
The statement of financial activities has been prepared on the basis that all operats'ons are cnntinuing operations.
There are no recognised gains and losses other than those passing through the statement of finanaal activits"es.

GRACE FELLOWSHIP CHURCH LIMITED
STATEMENT OF FINANCIAL POSITION
AS Af 31 DECEMBER 2022
2022
Total
2021
Unrestricted Restricted
funds
funds
Notes
Tangible assets
2.472
2,472
3,595
Current assets
Debtors
Cash at bank and in hand
6.691
25.717
6.691
36,519
6,688
26,449
10,802
32,408
10.802
43.210
33.137
Creditors: amounts falling due within
one year
3.324
3,324
2,002
Net current assets
29.084
10,802
39,886
31,135
Total assets less current liabilities
31,556
10.802
42,358
34,730
Income funds
Unrestricted funds
31,556
31,247
Restricted funds
10,802
3.483
Total Charity funds
42,358
34,730
For the financial year ended 31 December 2022 the company was entitled to exemption from audit
under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies
Act 2006 wth respect to accounting records and the preparation of financial statements.
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 of the CompaniesAct 2006.
These financial statements have been prepared and delivered in accordance with the provisions
applicable to companies subject to the small companies regime.
The finanaal statements were approved by the trustees and authorised for issue on 11 August 2023 and are
signed on its behalf by..
Mr J D Jatvie
Director
Company Registration No. Nl 626500

GRACE FELLOWSHIP CHURCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Accounllng policies
Company inforniation
Grace Fellowship Church Limited is a private company limited by shares incorporated in Northern Ireland. The
registered office 15 11 Clanwlliams Cottages. Ballynahinch. Co Down, 8T24 8XN.
1.1 Accounting convention
These accounts have been prepared in compliance with FRS102, The Financial Reporting Standard applicable in
the UK and Republic of Ireland, Chanties SORP {FRS 102), the Statement of Recommended practi￿ applicable
to charities preparing their accounts in accordance with the Finanaal reports'ng standard applicable in the UK and
republic of Ireland (FRS 102) and the Charities Act (Northem Ireland) 2008.
The financial statements are prepared in sterling, v4hich is the functTronal currency of the company. Monetary
amounts in these financial statements are rounded to the nearest £.
The finanoal statements have been prepared under the historical cost convention. Imodified to include the
revaluats'on of freehold properties and to indude investment properties and Gertain financial instruments at fair
value]. The principal accounting poliaes adopted are set out below.
1.2 Going concern
At the ts'me of approving the trustees have a reasonable expectstion that the company has adequate resources to
continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concem
basis of accounts.ng in preparing the financial statements.
1.3 Fund accounting
Unrestricted fvnds are available for use at the dis¢*etion of the trustees in furtherance of the general objectives of
the charity.
Restricted lunds are subjected to restrictions on their expenditure imposed by the provider of the funds.
1 A Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequendy measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to vrrite off the cost or valuation of assets less their residual values over their
useful lives on the following bases=
Fixtures and fittingslcomputer equipment
250A straight line
The gain or loss arising on the disposal of an asset is determined as the difference be￿een the sale proceeds
and the carrying value of the asset, and is credited or charged to profft or loss.

GRACE FELLOWSHIP CHURCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
AcGounting policies
(Continuèd)
1.5 Cash and cash èquivalents
Cash and cash equivalents are basiG finanaal assets and indude cash in hand, deposits held at Gall with banks,
other short-temi liquid investments with original maturities of three months or less, and bank overdrafts. Bank
overdrafts are shown within borrowings in current liabilities.
Employees
The average monthly number of persons (induding directors) employed by the company during the year was..
2022
Number
2021
Number
Total
Receipts
2022
Unrestricted
2022
Restricted
2022
Total
2021
Total
Standing Orders
ChL*rch Weekly Offerings
Gift Aid Refund
Projects
Grace Youth
Tear Fund
Persian Church
Designated Gifts (GO)
Bridge of Nalions
Nl Refugee Fund
Christmas Fund
Romania Zoom Fund
Compassion
Anastasia Fund
103,533
6.687
22,967
103,533
6.687
26.909
87,342
3.942
22.667
300
300
1,362
7,280
420
100
6,288
350
200
500
3,000
2,855
1.413
6,480
1.362
7,280
420
100
6.288
350
200
500
3.000
200
1,450
405
680
250
133,487
23,442
156,929
123,742

GRACE FELLOWSHIP CHURCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Tangible fixed assets
Plant and
machinery
etc
Cost
At 1 January 2022 and 31 December 2022
16,089
Depreciation and Impalmient
At 1 January 2022
Depreciation charged in the year
12,494
1.123
At 31 De￿rnber 2022
13.617
Carylng amount
At 31 December 2022
2.472
At 31 December 2021
3,595
Debtors
2022
2021
Amounts falling due within one year:
Other debtors
6.692
6.688
Creditors: amounts falling due within one year
2022
2021
Taxation and soaal securÉty
other creditors
2.532
792
1.247
755
3,324
2.002
Fund Balances
Opening Receipts
balance
Payments
Surplusl Transfers
Deficit
Closing
balance
Unrestricted funds
31,247
133.487
(133,178)
309
31,556
Restricted funds
3,483
23,442
(16.123)
7,319
10,802
Total funds
34.730
156.929
(149,3011
7.628
42.358
10-

GRACE FELLOWSHIP CHURCH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Transactions wlth the Trustees
There were no transactions with the Trustees during the year. No trustee re￿iVed any remuneration or
reimbursement of expenses dunng the year. No trustee or a person related to a trustee had any personal
interest in any contract or transaction entered into by the tharity during the year.
11