Company Registration No. Nl 626500 (Northern Ireland) Nl Charty Registration No. 102877 GRACE FELLOWSHIP CHURCH LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 PAGES FOR FILING WITH REGISTRAR
GRACE FELLOWSHIP CHURCH LIMITED CONTENTS Page Trustees report 14 Independent Examiners report Statement of financial activities Statement of finanual position Notes to the finanual statements 8-11
GRACE FELLOWSHIP CHURCH LIMITED TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The Directors ('Trustees'? present the annual report and statements of Receipts and Payments and Assets and Liabilities for Gra Fellovtship Church Limrted for the year ended 31 December 2022. The Trustees have pleasure in presenting this report of the Charity for the year ended 31 December 2022. The Directors of Grace Fellowship Church Ltd are also its Trustees for the purposes of charity law and are referred to as 'Trustees' throughout this report. As described the Charty's Trustees are responble for the daily management of Grace Fellowship Church Ltd. Gra Fellowship Church Ltd is a registered private limited company. limited by guarantee (N1626500) and registered charity INIC.102877) govemed by its Artides ofAssociation. The Truslees (vtho are also the directots for the purposes of company law) who have Seed during the year were.. Directorsrrrustees Mr J D JaTvie Mr M R Johnston Mr M Peters- Resigned 31112122 Mr O R Gordon - Appointed 14106122 Company seGretsry.' Mr G W Thomson Objectives and activities To advance the Christian faith in accordance V*llth our statement of faith. To provide a setting for Chnstian worship and tneSS. in the power of the Holy Spirit, under the lordship of Jesus Christ. - To provide biblical teathing ministry to equip people for effective Christian living. To advan education in accordance Christian princAples by such means as the trustees may consider appropriate. - To share the good news of Jesus with others both personally and as a Group for the benefit of the community. - To encourage prayer, pastoral care. practs.cal support. fellowship and missional activities. To carry out other charitable activities associated with the Church for the benefit of the community in the United Kingdom and wortdwide. Achievements, Pèrfomiance & Public Benefit The Trustees delegate a substantial part of the leading and guiding of the activity of the church to a Leadership Team made up at year end of Doug Jarvie, Mark Peters, Karen Hewtt, Ali Brown and Paul Coles. Mark Peters stepped down from the Leadership Team on 31 December 2022. Continuing to seNe as staff in the period were Ali Brown (PaSt- Communty), Paul Coles (Pastor- Church) and Josh Johnston-wood (Youth pastor) During the year, Trustees reviewed the polictes and procedure5 for imementation for key aspects of responsibility such as Safeguarding and Heallh & Safety. Trustees also reviewed and revised HR poliaes and processes. A major piece of work on revising the Artides of Association was commenced. to be conduded and presented to the member5 for approval at the 2023 AGM. The Trustees continue to be guided by the goveming responsibilities of the Articles of Assooation of the Company. The Truslees are satisfied that the actiwty of the Church in the period has been consistent with our stated objedives. The Trustees continue to have regard to the requirements of the Charity Commission for the orderly operating of the Company.
GRACE FELLOWSHIP CHURCH LIMITED TRUSTEES REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Grace Fellowship Church Vlslon and Core Values The Vision of the Church remains central to all that we do. Leadership seeks to ensure that all our work flows from the vision and contributes to realising it.. "Pursuing the Glory of God, Proclaiming th• Good News of Jesus, for the renewdl and transfonnation of lives. The 4 core values of the Church remain unchanged: We depend upon God . to reveal truth to us by His srit as we commit to follow vthere God leads and aspire to grow in our kno¥Medge and love of Him. We are a community of Grace . we seek to follow Christ's example of love. aeptsnce and f1Veness, freely available to all, wthout exception. We reach out in love . to bring the life changing Hope of Christ to the World and to seNe God by serving others wlh our time and resources. We are committed to each other . as we demonstrate love each other in word and action and foster unity lIe recogni5ing the diversity within the body of ChrisL In 2022 Coronavirus continued to have a significant impad on our thurch activity and personal lives. Keeping dosely aligned with government advice, we have met in person. when possible, on Sundays and in Home Groups (following safeguarding protocols) whilst continuing to live stream Sunday church seNces. The disruption of what seemed normal before, allowed us to see the importance of all the ways that we do 'church' induding Home Groups. We are encouraged that approximately 50% of the Grace community are involved in Home Groups. Despite the constraints, we have endeavoured to maintain connection with the Grace Fellowship family and have resumed visiting the homes of those who have need. The covid restrictions gave us an opportunity to live out our church values and vision. We partnered with Ballynahinch Churches Together to help those in need in our community to be agents of love and blessing. Many from Grace Fellowship contributed to this initiative. We continued to partner with other churches and organisations to bnng hope and help to our local community. Connections with other local churches happen espeoally at times of significance, for instance Christmas and Easter Holy Week when there are shared services, support for Ukrainian refugees and weekly Inter-church prayer meeting online. The fellowship is grateful for the use of local churches for events, particulady funerals. The organisations shared with ott)er thurches indude Christians Against Poverty {CAPJ Debt Centre, CAP Life Skills Centre, The Edge Youth and Community Centre. Ballynahinch Counselling, Alpha, Ajpha youth in Assumption and the Ballynahinch Food Bank. Last Sunday of every month in Grace Fellowship is highlighted for donations to the Foodbank. Mission week in August led by The Edge team and induding many of our young people was a real time of blessing and spirttual growlh. It was particularly encouraging to be r1Ved so well by around 500 home5 in our local community as we distributed gifts at both Easter and Christmas time. This endeavour to build bridges and bring hope was enhanced through the participation of a significant number of our young people in the team.
GRACE FELLOWSHIP CHURCH LIMITED TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 The biblical teaching series for 2022 were as follows . January- .1 am... series February- Remain in Me March. April, May- Ephesians: IAèlk this way July- August- Summer interviews- Ltfe, Faith and heroes September- One Body, many gifts October, November- Nehemiah- Repent. rebuild. r•ive December- An Advent Joumey- readings in Luke January 202> Colossians- Jesus over everyihing Home groups continue to be an important aspect of the femobvship of thè church and allow for ministry in smaller groups reflecting the teaching programme and providing opportunities for connecting. building latIOnShipS and providing pastoral support. Approximately 60% of the fellowship are connected to a small group. It is integral to our vision that we look out globally as well as locally. Our GO (Grace Outreach) Team oversees and champions our involvement in many projects around the world. We continued to support {prayerfully and financially) 9 members and fn'ends of the fellowship working in the Republic of Ireland, Brazil, Honduras, USA (and globally with Farsi speakers), BulgarFa. Serbia, Moldova and Romania. In finanoal matters. money continued to be donated to the work of Grace Fellowship by its members. attendees and stakeholders. This money has been disbursed in a way that reflects the vision and values of the church in pursurt of rts public benefits. Ukraine refugee community In 2022 we have been blessed by the addition of many Ukrainian families who have fled their war-torn country and have chosen to live with families in and around Ballynahinch. As a fellowship, we saw great generosity from our community in giving to support Ukrainian Refugees, and we have sought to indude Ihem in our ServIS by providing translation. Tobar community Grace Fellowship's conneclion with the Tobar nefvnrk of thurches has deepened- highlights have included the NUA festival in June at which many attended or took part and the Tobar Conferen in September. The pastors continue to be supported by this nevork and Paul is on the Board of Tobar. Premises The church continues to use Ihe premises of St Colman's High School and Sixth fom) College and we are very grateful to the prinupal and the board of govemors for the use of their premises each Sunday and to the Garetaker for being available. Smaller groups continue to meet in Space for Grace dunng the week. Financial Review - The results for the year are set OLrt on pages 6-11 whith the Trustees consider to be satisfaciory The reserves of the Church are held for the advancement of its charitable purpose, other than restricted reserves which are held for a designated purpose - see note 7. Corporate Structure Grace Fellowship Church Limited is a company limited by Guarantee and therefo has no share capital. Golng Con¢em The trustees have reviewed the budgets for the year ahead and are satisfied that there are adequate funds in place to ensure that the Church can continue its activities and the finanal statements for the year ended 31 December 2022 can be signed off as a going concem. Pay and Romuneration No Trustees received any remuneration or reimbursement of expenses during the year {or the previous yearl. Compliance with Public Benefft The Churth has given carefvl consideration to the Charity Commission for Northem Ireland's guidance on public benefit to ensure that the actives entered into during the year have helped to achieve the Church's objectives and activities, as well as providing public benefit.
GRACE FELLOWSHIP CHURCH LIMITED TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Statement of Trustees, responsibilities The trustees are responsible for preparing the Tru5tees' Report and the statement of reGeipt5 and payments and statement of assets and liabilities in accordan with applicable law and regulations. The law applicable to charities in Northem Ireland with Income of less than £250,000 requires the trustees to prepare a statement of receipts and payments and a ststement of assets and liabilities for each financial year. The trustees are responsible for keeping accounting records that are suffiaent to show and explain the Church's transactions and disdose with reasonable accuracy at any ts'me the assets and liabiltties of the Church. They are also responsible for safeguarding the assets of the Churth and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. This repcrt has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. Signed on Behalf the Trusteos Mr J D Jarvie Director Date .' 11 August 2023
GRACE FELLOWSHIP CHURCH LIMITED INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GRACE FELLOWSHIP CHURCH LTD FOR THE YEAR ENDED 31 DECEMBER 2022 Independent Examiners Report to the Trustees of Grace Fellowship Church Ltd. I report on the accounts of the Church for the year ended 31 December 2022, which are set oul on pages &11. Respective responsibilities of charity trustees and examiner As the charity's Trustees, you are responsible for the preparation of the accounts in accordan with the Charities Act (Northem Ireland) 2008. 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 Commission under section 65(9)(b) of the Charilies Acl ' state whether particular matters have come to my attention. Basis of independent examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordan with the general Directions given by the Charity Commission for Northern Ireland under seclion 65(9){b) of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presenled with those records. It also induded consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity Trustees conceming any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: 1. That accounting records were not kept in accordance with section 63 of the Charities Act. 2. That the accounts do not accord with those accounting records. 3. That the accounts do not comply with the accounting requirements of the Charities Act. 4. 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 cOnmS in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Chafity Commission for Northem Ireland, I have found no matters that require drawin to your attention. Step n McGeagh FCA C nd on behalf of David L Chartered Accountants Date -. 11 August 2023 +CoLtd Caryduff House 33 Ballynahinch Road Caryduff Belfast BT8 8EH
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 inc0mingllogolngI 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 beeen 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 Accounting pollcles (Conllnued) 1.5 Cash and cash 8qulvalents Cash and cash equivalents are basjc finanaal assets and indude cash in hand, deposits held at call with banks, other short-tem liquid investmerrts wth orbginal maturities of three months or less. and bank overdrafts. Bank overdrafts are shown wthin borrowings in current liabilities. Employees The average monthly number of persons (including directors) employed by the company during the year was.. 2022 Number 2021 Number Total Receipts 2022 Unrestricted 2022 Restricted 2022 Total 2021 Total Stsnding Orders Church Weekly Offerings GiftAid Refund Projects Grace Youth Tear Fund Persian Church Designated Gifts (GO) Bridge of Nations Nl Refugee Fund Christmas Fund Romania Zoom Fund Compassion Refugee Fund No 2 103.533 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 23.442 153,929 123.742
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 Dernber 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 reiVed 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