Company Reg18tratlon No. Nl 626500 (Northern Ireland) Nl Charity Registration No. 102877 GRACE FELLOWSHIP CHURCH LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
GRACE FELLOWSHIP CHURCH LIMITED COMPANY INFORMATION DirectOTsITrustees' MrJ D JaNie Mrs V E Goucher Mr D R Gordon Mr D KTaylor Company number Nl 626500 Reglstered offlce 11 Clanwilliams Collages Ballynahinch Co Down BT24 8XN Independent Examlner8 David Lyltle & Co Ltd Emerson House 148 Ballynahinch Road Carryduff Belfast BT8 8DN
GRACE FELLOWSHIP CHURCH LIMITED CONTENTS Page Trustees report Independent Examiners report Slalement of financial activities Statemènt of financial position Notes to the financial statements 10-12
Grace Fellowship Church Ltd. Directors, (Trustees,) Report 2024 Company number.. N1626500 CCNI number.. 102877 Registered office.. 11 Clanwilliams Cottages, Ballynahinch, BT24 8XN Period ofreview= 1 Jan 2024-31sI December 2024 Trustees- Dlrectors of Grace Fellowship Church Limited Current at year end.. Doug Jarvie. Vanessa Goucher, D8vid Taylor, Dale Gordon (Chair) The Trustees delegate a subslantial part of the leading and guiding of the activity of the church to the Grace Leadership Team (GLT), Church Meetlngs An Annual General Meeting was held on 181hJune 2024 The Half-yearly meeting was held on 2611 November 2024 This report will be presenled al the 2025 AGM 41h June 2025 There were two extraordinary General meetings during the year lo ratify new slaff and leadership appointments. Leadershlp Team {GLTI Durlng this period the following changes in Leaders took place.. Doug Jarvie stepped down as a leader in December 2024, having served for six years. His commitment lo the leadership team, particularly in the overlapping role of leader and trustee has been considerable and we wish lo record our thanks for Ihal, particularly in the area of financial expertise. Karen Hewiil stepped down as a leader in December 2024 due lo the increased pressure from work and family commitments. The Trustees acknowledge the great work Karen has done in this role and trust that in her role as pastor she will continue to know the guidance and leading of the Lord. Lorna Ounn and Merve Jones were selected as leaders and endorsed by the memberBhip at AGM in June 2024. GLT as at year end,. Lorna Dunn, Merve Jones, Paul Coles, Ali Brown. Ovèr the yeaf both the Trustees and GLT have been consistently considefing how to add lo the leadership group. A number of people have been approached, and in April 2025 Josh Johnston-wood and Michael Clarke jolned GLT. Staff Team Continuing to serve as staff in the period were: Ali Brown (Pastor- Community), Paul Coles (Pastor- Church) and Josh Johnston-wood (Youth Pastor) Newly-appointed in March 2024 as Pastor (Pastoral Care)- Karen Hewitt, Members and attendees As al end December 2024, there were 96 members. Currently, approximalely 200 adults, 30 youth and 75 children are connected to Grace Fellowship, with upwards of 220+ people on any given Sunday. It would be good to
increase membership to be able lo have a bigger group of people reflecting the growing size of the fellowship and to call on for major decisions and discussion. We wish God's blessing on those who have resigned their membership this year: Donald Patterson & Hannah Cunningham We welcome those who have joined= Emma Taylor, Karen Fulton. Glenn Christie, Richard & Charlotte Maine In 2024, we had Ihe immensejoy of baptizing Andrew, Ben, Dima, Jamie, Lily, Luke. Matt, Molly, Naomi & Nikita We also continue to mourn Ihe loss of valued members of our wider church family who have gone to be with their Lord and Saviour during the year.. Maisie Dunlop We also want lo acknowledge and thank the many people from within the church family who volunteer across all the ministry areas of Grace Fellowship. The church would not function without your willingness and commitmentl Tru8teos' Work During the year, the Trustees continued their role in monitoring and implementing the key policies and procedures required for Governance, HR and Finance, as well as fulfilling the legal requirements of Grace Fellowship Church Ltd. as a limited company and charily. In line with the HR role in the Staffing policy, there have been two cycles of appraisal and supervision carried out for the paid members of staff. The Trustees continue lo be guided by the governing responsibilities of the Articles of Assoclallon of the Company. The Trustees are Satisfied that the activity of Ihe church in the period has been consistent with our slated objectives and continue to have regard lo the requiromenls of the Charity Commission for the orderly operating ofthe Company. On 91tt November 2024, the GLT and Trustees mel for a day of discussion, prayer, listening to God and reflection. This was an important opportunity lo be able to lake lime gelling lo know one another and discussing key issue8 for the fellowship, as well as listening lo God for guidance for the future. Grace Fellowship Church Vlslon and Principles The Vision of the church remains central lo all that we do. Leadership seeks to ensure that all Ihal we do flows from the vision and contributes lo realising it- Pursuing Ihe Glory of God, and Proclaiming Ihe Good News of Jesus, for Iho RonGwal and Transfonnalion of lives, The four ¢ore values of the church remain.. We depend upon God to reveal truth to us by His Spirll as we commit lo follow where God leads and aspir6 to grow in our knowledge and love of Him. We are a communily of Grace we seek to follow Christ's example of love, acceptance and forgiveness, freely available to all, wilhoul exception. We ach out in love to bring the life changing Hope of Christ to the world and lo serne God by serving others with our time and resources. We are con?mAtted lo each other as we demonslrale love for each other in word and aclion, and foster vnily while recognising the diversity within the body of Christ. We are encouraged that approximately 120 people in the Grace Community are involved with, or connecled to, a small group - something we view as a vital aspect of our journey together as a church.
The CARE team has continued lo work through 2024 as a valuable pastoral iniliative co-ordinated by Karen Hewill and Paul Coles. This growing team provide a means lo give each family connected to Grace Fellowship a point of contact for care issues. Gillian 8arr was invited lo work with the group on how to handle diffiGuII issues. The Intercessory Prayer Team have been aclively engaged all year in praying for the identified needs of the Fellowship and have been blessed abundantly with answered prayer. Anniversary We celebrated 10 years of Grace Fellowship Church in 2024. We remembered the challenging arcumstances that we were birthed out of, and we celebrated the growth in our church family and the growing unily of churches in Ballynahinch. We are so thankful for the grace of God in our chur¢h family and throughout Ballynahinch and County Down that has allowed us to see growing and healthy community, experience lives encouraged and transformed and be part of God's ongoing story in our local area and beyond. Community Grace Fellowship continues to partner with Ballynahinch Churches Together and other organisations to help those in need in our community and lo bring love, hope and connection. Collaboration with other local churches happens particularly during special limes of the year, such as Christmas and Easter when there are shared seNices. We also partner in the support for Ukrainian refugees and the weekly Interchurch prayer meeting online. Grace Fellowship is also gral6ful for the use of local churches for larger events., particularly weddings and funerals. Café Church, described in more detail below, emerged largely from various community ministries of Grace Fellowship. The organisations shared wilh other churches include Christians Against Poverty (CAP) Debt Cenlre, Life Skills ovrse, The Edge Youth and Community Cenlre, Ballynahinch Counselling, Alpha, Alpha Youth (in Assumption school) and the Ballynahinch Food Bank (the last Sunday of every monlh in Grace Fellowship is sel aside as a lime for donations lo the foodbankl. At both Easter and Christmas, teams from Grace Fellowship contacted around 400 homes in our local communily and distributed gifts. They were encouraged by the welcome they received and conversations that were had. Mission week in August, led by The Edge team, again provided an opportunity for many of our young people to share the gospel with their friends and the local communily and was a real lime of blessing and spiritual growth. We are so thankful for the partnership of other churches in the town for this projecl and for the generosity of Edengrove Pr6sbyl&rian for the use of their premises for the week. Youth & Childrén The number of young people and children connected lo Grace Fellowship continues lo grow. Vvhilst this is something we praise God for and lo be excited about, it also brings challenge5 whether that be having enough room at Space4Gra¢e or enough volunteers lo cover GRACE Kids and Creche. In 2024, upwards of 40 young people were linked with Grace Youth at the Friday night meetings and 30 young people attended our Youth weekend al Casllewellan Castle. As well as this the Youth Together (J'oint churches monthly gathering) saw regular attendan¢6 of 40+ young people from across the churches of Ballynahinch, Spa, and Magherahamlet. Some 20+ of our young people also volunteered al Mission Week and half a dozen are involved weekly at The Edge. On Sunday momings there can be over 50 children at Grace Kids and Creche.
Our sincere thanks goes out to the teachers, helpers, youth leaders, and volunteers who give up their mornings, evenings and even weekends lo invest in our children and young people. Teaching Ministry The biblical leaching series for 2024 were as follows January: Pursuing God, Proclaiming Jesus, Transforming Lives in 2024 January to March: The manifesto (The Sermon on the Mount) April lo June.. Lessons from the Life of Peter July and August.. Stories & Psalms September to December.. Exodus- The Rescue On Sunday mornings we were also blessed with the minislry of Paslor Firouz, Neil Alexander (from Centre 61), and to have life stories and scripture lessons from many members of otsr Grace family. We are incredibly blessed to have so many valuable and Godly voices in our church family. Small Groups Home groups continue lo be a vital aspect of the church community., allowing for ministry in smaller groups reflecting the leaching programme. bul also providing connection, relationship and pastoral support. More than 50 /0 of the fellowship are connected lo a small group. During March to June 2024 there were specific small gfOUPS set up lo study wider Christian issues. The "Digging Deeper" initiative included groups looking at 'Jesus, Sex and Gender The Book of Revelation,, Reframing the Propheli¢', and 'Unanswered Prayer,. In addition to the above, "Common Threads" and "Women who Yarn. meet regularly forwomen in the fellowship and the "Band of Brothers" which has grown significantly this year as a group of men who meet regularly for coffee and organized events. There have been new pastoral groups organized by Karen for new mums, for woinen on their own and other connections. There are plans lo run a Bereavement Journey course through 2025. "Wildfires" is a time of worship in Space for Grace meeting monthly on Sunday nights. On 8n average Thursday night al Café Church around sixteen people attend. We sing one worship song, listen to one another's needs forlanswers to prayer, do a short Bible study, and lake parl in group discussion. The group has become a support network where people share Iheirjoys and sorrows. 20-30 men from Grace gel together for 5-a-side football every Wednesday evening. GO - Grace Outreach team Ovr GO (Grace Outreach) Team leads our vision to reach out overseas and leads our involvement and support Ibolh prayerfully and financially) in many projects locally and around the world. Locally, projects supported in 2024 included, The EDGE, CAP Debt Centre and the CAP Lifeskills course. We also continued lo support 11 members and friends of Ihe fellowship working in the Republic of Ireland, Brazil, Honduras, USA (and globally with Farsi speakers), Bulgaria, Serbia, Moldova and Romania. Money donated lo Ihe work of Grace Fellowship by ils members, attendees and stakeholders has been disbursed in a way that reflects the vision and values of the church.
Ukraine community In 2024 the church has continued to be blessed by our Ukrainian brothers and sislers who have fled the war and have chosen to live in and around Ballynahinch, and endeavour lo help them connect with our church services through translation services. Tobar community Grace Fellowship's connection with the Tobar network of Ghurches has continued in 2024. Many attended and were blessed again by the NUA festival in June and the Tobar Leaders, conference in September. The pastors conlinLte lo be supported by this network and Paul Coles serves on the 'Lead Team. of Tobar. Premises- update Each Sunday the church continues to use the premises ofSI Colman's High School and Sixth Form College. We are very grateful to the Principal, Jennifer King, and the Board of Governors for the use of their premises and lo the caretaker for being available. Smaller groups conlinue lo meet in Space for Grace during the week. A5 our community continues to grow, especially the numbers coming on Sunday mornings, the leadership are mindful of the space requirements and are continuing to prayerfully consider altern81ive options which may be open to us as a fellowship. Finance The unreslricled funds for Graco Fellowship Church Ltd, during 2024 increased from £46,139 10 £63,130. 2024 also saw an Increase in income, and the leadership are thankful to the fellowship for the sacrificial giving which has helped us fund the expenditure required lo oxpand our activities and ministries in line with our Vislon. It also should be noted that, in line with our core value of reaching out in love, around 40010 of our expendlture continues to be directed toward outreach projects in our local community and around the world. An Independent Examination of the Accounts for the year ended 31 December 2024 is again being carried out by David Lyllle & Co, Chartered Accountants. The Trustees are 5at15fied wilh the fin8ncial management and robustness of the Company. Reserve8 level The Trustèes continue to review and monitor the reserves of the Company. This encompasses the nature of income and expenditure streams, the need lo match vgriable income with fixed commitments and the nature of the reserves. To enable the efficient and effective management of the charity the directors have determined that free reserves al a level in excess of three months operating costs should be held. Al the year end free reserves was considered lo be adequate. Trustees, Responsibilities The Iruslees are responsible for preparing the Directors, Report and the financial ststemenls in accordance with applicable law and regulations. Comp8ny law requires company directors to prepare financial stalemenls for each financial year. Under that law thedirectors have elected to prepare the financial slalements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law}. Under company law the directors must not approve the financial statemenls unless they are satisfied that they give a
tr(Je and fair view of the slate of affairs of the company and of the incoming resources and application of resources, including the income and expenditure of the company for that period. In preparing these financial slalemenls, Ihe directors are required to.. select suitable accounting policies and then apply them consistently.. observe the methods and principles in the Charities SORP 2019 (FRS 102)., make judgements and accounting estimates that are reasonable and prudent; slate whether applicable UK Accounting S18ndards have been followed. subject to any material departures disclosed and explained in the financial statements.. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in operation. The trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the company's transactions and disclose with reasonable accuracy al any lime the financial position of the company and the group and enable them lo ensure that the financial slalemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Conclusion We commend this report lo you as a record of 2024. We are continually thankful lo God for His leading and guidan during 2024. As we move into 2025 we are confident that God will continue to lead us forward into more opportunities to serve Him, grow in Him and to be a blessing lo our local community. Signed on behalf of Grace Fellowship Trustees.. Vanessa Goucher Doug Jarvie
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 2024 Independent Examiners Report to the Trustees of Grace Fellowship Church Ltd. I report on the accounts ofthe Church for the year ended 31 December 2024. which are set out on pages 7-14. Respectlve re$pon$lbllities of charity trustees and examlner As the charity's Trustees. you are responsible for the preparation of the accounts in accordance with the Charities A¢1 (Northern Ireland} 2008. It is my responsibility lo.. examine the accounts under section 65 of the Charities Act fo51ow the procedures laid down in th6 general Directions given by the Commission under section 6519}{bl of the Charities Act slate whether particular mallers have come lo my attention. Ba818 of Independent examlner'3 report I have examined your charity accounts as required under section 65 of the Charities Act and my 6xaminatlon was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 6519llb) of the Charities Act. My examination included a review ol the accounting records kept by the charity and a comparison of the accounts presented with those records. 11 also included consideration of any unusual items Of disclosures in the accounts, and seeking explanations from you as charity Trustees concerning any such mallers. My role is to slate whether any material mallers have Come to my attention giving me cause lo believe.. 1. That accounting records were not kept in accordance with section 63 01 the Charities Act. 2. That the accounts do not accord with Ih05e accounting records. 3. That the accounts do not comply with the accounting requirements of tha Charities Act. 4. That there is further information needed for a proper understanding of tha 8ccounls to be reached. Independent examlner's 8talement I have comple18d my Èxamlnalion and have no concerns in respect of the matters <11 to141 listed above and, in connection with following tho Directions of the Charity Commission for Northem Ireland. I have found no malters that require drawing lo your allenlion. hk lJ•. Nelson Boylo for and on behalf of David Lyttle + Co Ltd Chartered Accountants Da16 .' 17 September 2025 Emer80n House 14B Ballynahlnch Road Carryduff Belfast BT8 8DN
GRACE FELLOWSHIP CHURCH LIMITED STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITUREACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted fund$ 2024 Restrlcted funds 2024 Total 2024 Total 2023 Incomlng resources Notg Incomlng resources from charitable a¢tlvltles Offerings. gifts. donations and gift aid reclaims 180.985 31,608 212,593 185,492 Total Incomlng resources 180,985 31.808 212,593 185,492 ResOue8 expended Premises runnlng costs Insuiances Staff costs and guest speakars Office and administration expenses Mission Ukranian Refugee Ministry Youth and Organisalions Community Ministries Bank charges Consultancy & Professional lees Independent Examiner's fee Conferences and courses Sundry expenses Depreciation 19,195 994 112,549 7,614 15,879 19,195 994 112,549 7,614 29,900 12,382 4,291 3,156 603 16.356 1.119 91,569 5,603 29.907 12,468 3.863 4,939 495 420 834 655 650 1,228 14,021 12,382 3,283 625 1,008 2,531 603 876 366 592 1,538 876 366 592 1,538 Total re$our¢è8 oxpended 163,745 30,311 194,056 {170,104) Net Incomlnglloutgolng) resource8 17,240 1.297 18,537 15,388 Transfer8 Net movement in funds 17,240 1,297 18,537 15.388 Total funds brought forward at 1 January 2024 46,139 11,607 57,746 42.358 Total fundg ¢arrled forward at 31 December 2024 63,379 12,904 76,283 57.746 The statement of financial activities has been prepared on the basis that all operations are continuing operations. There are no recognised gains and losses other than Ihose passing through the statement of financial activities.
GRACE FELLOWSHIP CHURCH LIMITED STATEMENT OF FINANCIAL POSITION AS AT31 DECEMBER 2024 2024 Total 2023 Unrestri¢ted Restricted funds funds Notes Tangible assets 10 5,011 5,011 2,517 Currènt assets Debtors Cash at bank and in hand 11 19,285 42,861 19,285 55,765 9.635 48.433 12,904 62,146 12,904 75,050 58.068 Creditors: arnount8 falllng du& wlthln one yèar 12 3.777 3.777 2,839 Net current 8880t8 58,369 12,904 71,273 55,229 Total assets les8 current Ilabllltles 63,380 12.904 76.284 57,746 Income funds Unrestricted funds 63,130 46,139 Restrl¢ted funds 12,904 11.607 Total Charlty fund8 13 76,034 57.746 For the financial year ended 31 December 2024 Ihe 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 with respect to accounting record5 and the preparation of financial statements. The members have not required the company lo obtain an audit of ils financial slalemenls for the year in queslion in accordance with section 476 ofthe Companies Act 2006. These financial statements have been prepared and delivered in accordance with the provisions applicable lo companies subject lo the small companies regime. The financial statements were approved by the trustees and authorised for issue on 17 September 2025 and are signed on its behalf by.. Mr J D Jarvie Director Company Registration No. Nl 626500
GRACE FELLOWSHIP CHURCH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policles Company Informatlon Gra Fellowship Church Limited is a private company limited by shares incorporated in Northern Ireland. The registered office is 11 Clanwslliams Cottages. Ballynahinch, Co Down, BT24 8XN. 1.1 A¢countlng convention These accounts have been prepared in compliance with FRS102, The Financial Reporting Standard applicable in the UK and Republic ol Ire12nd, Charities SORP IFRS 102), the Slalement ol Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial reporting standard applicable in the UK and republic of Ireland IFRS 102) and the Charities Act {Northern Ireland) 2008. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the ne8r6st £. The financial stateménts have been prepared vnd6r the historical cost convention. Imodified to include thg revaluation of freehold properties and to include investment properties and certain financial instruments at fair valuel. The principal aeKounting policies adopted are Set out below. 1.2 Golng concern Al the lime ol approving the Iruslees have a reasonable expectation that the company has adequate resources lo continue in operational existence lor the foreseeable future. Thus the Iruslees continue to adopt the going concern basis ol accounting in preparing the financial stalemenls. 1.3 Fund accountlng Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are subjected lo restrictions on their expenditure imposed by the provider of the funds. 1.4 Tanglble flxed a88ets Tangible fixed assets are initially measured al cost and Subsequently measured at cost or valuation. net of depreciation and any impaimienl losses. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Fixtures and fittingslcomputer equipment 25% 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 lo profit or loss. io-
GRACE FELLOWSHIP CHURCH LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ounting policies (Continued) 1.5 Cash and Cash equivalent5 Cash and cash equivalents are basic financial assets and include cash in hand, deposits held al call with banks, other short-term liquid investments with original maturities of three months or less. and bank overdrarts. Bank overd¥afts are shown within borrowings in CUTfenl liabilities. Employeos The average monthly number of persons (including directors) employed by the company during the year was.. 2024 2023 Number Number Total Tanglblo flxed a88et8 Plant and machlnery etc Cost At 1 January 2024 Additions 17.360 4.032 At 31 December 2024 21,392 Depreclation and Impalrment Al 1 January 2024 Dèpreciation charged in the year 14,843 1,538 Al 31 Oecember 2024 18,381 Carrylng amount Al 31 December 2024 5,011 At 31 December 2023 2.517 Debtors 2024 2023 Amount8 falling duo withln one year: Trade debtors Other debtors (1} 19,285 9,634 19,284 9,634 11
GRACE FELLOWSHIP CHURCH LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Credltors: amounts falllng due within ono year 2024 2023 Taxation and social security Other creditors 1,913 925 3.777 3.777 2,838 Fund Balance8 Openlng R6celpt8 balance Payment8 Surplusl Tran8fer8 Doflclt Closlng balan¢a Unre8trlcted fund8 46,139 180,986 {163,995) 16,991 63.130 Restricted funds 11,607 31,608 130,3111 1,297 12.904 Total fund8 57,746 212,594 1194,3061 18.288 76.034 Tran8a¢tlon$ wlth the Trustees There were no transactions with the Trustees during the year, No trustee received any remuneration or reimbutsement of expenses during the year. No trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year.