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 respon￿ble 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 Se￿ed 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 im￿ementation 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 s￿rit 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. a￿eptsnce and f￿1Veness, 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 r￿1Ved 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 ServI￿S 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 ne￿vork 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 finan￿al 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 cOn￿mS 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 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
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 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