2025-03-31-accounts

ChArity ReEisti'atioii No. NIC104947 (D4ortlieA'n Ireland) Compally Registi'alioll No. N1614237 GRACE WOMEI N'S DEVELOPIIqENT LIMITED I'RU,STEI4 S, RLI PORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

GRACEI Womfi N'S DEVCI LOPMEINT LIMITLD TRUSTCI Ei S, Rfi PORT riOR THK YEAII ENDED 31 D¢lARCH 2025 CHARITY INfoRMATION Trustees Mail'e McVeiEII Jaiiiiie Magee Bllitia GIL)ver Maw'ccn Dobcrty Sbaiineen Bak¥r Lonoi Maskey Linda McGuiimess .Secretary Mary McGari'igle Chai'ity iiumber NIC104947 Prlnclpal offiee Grace Woinell'b Development LiinitL(I Gi'aLe Farnily CcDtre 77-95 Alliance Av¢iiiie Beltast BT14 7PJ Independent cxaniiner Mr Paul McArcavey FCA PCTM Cljarlei'ed AcL'ounlanls 405 Lisbui"n Road Bolfast BT9 7BW B4nk¥i' AIB 11-15 Dolleg&ll Squ4ir Noilh Belfast BTI 5GB

GRACE WOMEt N'S Dri VCI LOPMIGNT LIMITED TRUSTCI Li S, REI PORT II 011 I'HLt YEI AR LI NDEI D 11 MAIICH 2025 CONl£INTS P*ge Trnstees, I'epDI't llldepei)dcnt exainiuei's, report Stalemeiil of financi21 activities Balgnce sheBt Notes lo Ilie fii)O110ial slAtein¢nts 9-13

CRACE WOMEI N'S Dri VEI LOPMEI NT LIMI.TED TRUSTEI [1 Sg REI PORT FOR TItE< YCI AR ENDEI D 31 MARCH 2025 The Tru91ees pi'eseiit Ilieii. i'cport dnd financial slatenieiils foi. the year ellded 31 Mdl'¢h 2025. Strllctiire, Covei'nnnce Hiid MunAgement Tbe Charity ig goverlled by ils collstitulion and 18 cottstituted as a chaiity ullder Ibe Cliarities Act (NoitIi￿-1J 'elaiid) 2008. The Tiiisloe£ of tlie eliai'ily ore iioinin2c lcd in leims of Ilie ¢oiislithtioii. A Tiiistee inu8t be B Inember of the Cbai'ity or tiie noininalcd i'epresenlalive of Iin organisalion Iliat is a meiiibei. of the C'l)ai'iLy. Thc Boai'd of TLiislttes manag¥ Jnd adtnittislci Chai'ity. Day to day operatioll8 and d¢cisions of Gl'ace Womttii's Dev¢loi)nient Limited are iindeilak¢n Ilii'ough iEgular disciission betweeii the Truslees. Objective,$ Jiid PrinLApal ALtlvities Community Resource for woitten and tlieir fainilies, advdnLes education aiid b'aining Ih]oiigh Ilie doliveiy of i)i'ogi'aniines, courses aiid ii)iliativ¢s, Inenloiiiig attd guidance. Foslei. personal developtncnt, ¢onfideiice atid capaoilies ond lo pi'epai'e paiticipanls for h'aining and employi)ienl opi)oi'luJllties. PL'omottt l)¢altli atid wellbeing foi. wunien, giviDLF suppoI'I, adviL¢ and guida51ce. ProInole peace, reconciliation and cot)]munity ¢obeqion. Piovide fai￿}IY suppoi'l, cducatioi) of youiig childrell ikn'ougb ehildclc I'e, pi'ovide fÉt¢ilitics lo iinprove soci¥l welkai'o, l¥isui'¢, ¢oiimiunity dev¢lopmeiil, forging pal￿1¢18111pS witli slakeholdei ageuctes. Achievenients Hnd PerforTnance Tbc Cbai'ity i]]ade a iiet outflow of dui'ing Ilie yeai. ended 31 Maicl) 2025 of £28,875 (2U24 - £33,494 oiiltlow). I'ubllc Benefit StatL&rnent Pui'pose A The dii'ect benefits wliicli flow fTOI)) this Iiurpose are improvetiienls in Ibe sociaueconomic oirciimslances of women and Ilieii. faiiiilies living in the ai'ea of boiicfil including a I'educlion iii foo(Vfucl poveilyj iDLr¥u%ed levclb of etnploymenl, greatei. access lo li'ainiiig 8nd eduLaLion programmes/guidanoe, morc local job bl'eation and strongel partiClP8tioll of all age groups. Tliis pi-oinoles neighboiii'liood i'enewal, resilience UTid healiliiei. communities. These beDefits' are d¢monstraled Ilirough member's feedback, quarlerlylannual activity reports and oulconies bxsed evaluation. Tliis puryosc doe8 not lead lo hai'ni. Tlie benefi¢iai'ics of this piirpose ¢ire all womeu and tlicir fainilies.. A priva16 benefit to Iruslees Inay cirise if Ibe knowledgJe they gTain as ll Iwslee to guuil govei'llance and wban regelleration is transfei'able to aThother setting, Tliese bcllefils al'e iTrcidenl'al and nec¢ssaiy lo eusw'e the beliefit is i)Yovided lo the beii¢fibiai'ies. Purpose B The dir¢ol beLietit which flows ti'oni this purpose is that knowledg¢ and skills are h'aiislerred to suppoi'l wonieii's groiips in 11)e area of benefit, illcredsillg levels of ukills attd caparity to acllieve theiL chaiitable aims. Evidence lo demonstrate this b¢nefil will be Ihg suslainabtlity of women's uclivily wiiliiii Ibc ar¢?{ of beiiefit. This purpose doey not l¢ad lo liarin. Tl)e beiieficiaries of tlii.s piirpose arc Hll wunleii dn(I their fumilies. Ther¥ 1£ no private benefit ari5uig from Ibis purpose. Pui'pn5c e Tlie direct boiiefit whi¢b flows fi'oni this puiyose is Ilial Ihroiigl) devoloping a self-help model, wonien are supi)orted lo build thell. capacity alld skills lo idelllify their lleeds aiid lo develoi) services to meet 11)eii' distincl iieeds, The evidence lo deiiionsliiile tliis beiiefit is pi'ovided fi'oin iii¢Jnbci's' feedback. inoreJsLd reprbsenlalion on Collllniiiiity loiumsliietwoi'ks, qu8rlerly/aJmupl inonitoi'inE olld activity reports. Tl)is PUiPO8e does Ilot lead hami. The bencficiaries ol Iliis piirpose are ic11 women alld theu lanjilics. I'heie is no piivate bti)eftl arising froni this i)urpose.

GRACE WOMEI N'S DEI VLILOPMni Nl, LIMIT£1 D TRUSTLI [1 S, REI PORT (CONI'INUEI D) IOR'IHEI YEIAR CI NDLID 31 MARCH 2025 Pui'pose D The (lirecl bciicfil which flow% fi'oin this pwy08e is Il)al the Wolne￿'s/ faniily centr¢ will Colltribute lo the dttvvlopmenl of a inolc iiiclusive, cquilable aiid div¢i'so society tlii'oiig& delively of good ielations pl.0￿.8￿me$. Tliis will inci'ease local und$rstandiJig and aoceplance of diversity. Tliese b#nefils al'e den)onsliciled Iluougli grealer inolusivity and diversity within the men)bei'sliiplcoiiiniunity. Tliis piii'i105c does t]ot lead lo liaiin. Tlie beneficiai'ies of Iliis purpose #i'e oll woinen aiid Ihell. faiiiilies. Tliere 18 no privule b¢i)efil arisiiig from this puiyose. Pui'p05e E The dii'eLt bcncfit arisinE from thi8 purpose is on illcreased knowledge of heilltliy lifestyle options Illl'ough healtli pi'omotion piogi?Inmes, suob as weight inai)ageii)ent and healthy eating progranllncs. Also, the IcdiictL()n i)f stt.ess tkn'oug]L the pi'ovis'ion of comi)lemelllary Ilierapies, coun%'elling and lifc coacliing, Tliese beiiefits al'e evAdeiic¢d IIiiov8h i'egular evalualiuii of tlie sei'vices that we provlde and tlll-ough 1S)e use ol feedback from pairticipanls involved, aiid our Aw)Iiol General Meeting report wliicli cai)ttu'es our outcomes. WillTr regai'ds to hai'jn, we h'y lo initigale arny potential hdiin by usii)g fijlly qualified counsellors an(1 theriipisls who al'e fully i1)SUL'ed for t]ie woi'k that Ibey cai-ry out. The bet)eficiaries of tlii.%' purp08e al'e all woinen Jlld Ihekr fainilies liviiig Ibe area of benefit. From tilli¢ lo limc, a pi'Avatc behefji iiiay alise il'comjnittec meinbers wlio al'e also illenibet's and volunteers and therefore ar¢ entitled lo ovail ot Ihese seivic¢s, but this bttii¢til is pui'ely incidental. I'o ¢iisiir¢ faiIllsss, eliey are pla¢ed on a wailiiig list And do not I'eceive aiiy preferential treatment. r(in•incial Revlew I'li¢ Trustees ale satisfied with th¢ finaRi¢ial position of the Charity 31 the year-end 31 March 2025. Thc Charity bas managed ils iIicoining i'cboui'ces cf(CLtively in Ilie yeai. undeL review. The balJn¢e of tiinds as al 31 Marcli 2025 is £2,243,781 (2024 £2,272,656). These are held as rcstri¢led llnd uniEsh'iclcd fijnds. Llnresliicled funds at'e ovaildble foi. use al Il)e discrction of Ilic Truslees. fui'ihei'ance of the general objectives of ihe churiLy aud wliich l)ave not bccn desigiiat¢d foi. oilier purpose8. RestriLled fiiiids are gciiei'ated fi'om rcsh'icled ￿'an18 and doiialions I'¢oeived fi.0￿ fundiiig bodies and the E'clated expendih?re. Siich fyiids ale iestrlcted in Ili¢ll' use as determined by each in(lividual fi￿dIllg body. The pi'ill¢ipal fuiiding in the year uiidci. i'¢view wo8 derived froni the Departmcnt for Coi)m]ullilies (Northern 'elaiid). Further fundiiig was ieceived froni Beltast City Council, Hemy Smith Foundalioii, Nl Hoii.8ing Execiitive, Asbion Conynullity I'rnst, Asset Recovery Comniunity Sche1￿¢. ComInuiiiÉy D#v¢lopmcnl and Health Network. Groundwork Utl and Dcveloijiug Hctililiy Coinin1￿111cs. Ti'ustees, Respon$ibllitÈes The Tiwstces are responsible foi. prcpai'iiig i]Je I'ruslees, Report aiid the finati¢ial slalellienls in accordance witli appli¢8ble law United Kingdojn Ac¢ounttllE Siaiidards (FRS 102). The18w applie8ble to cbarilies in Nortb¢in Ii'elii nd i'equires the Trustees lo prepai'e fiii4iici818tale]nenls for each rInanoial yeai. wlii¢li give a tn)e aiid fair vieiy of the slate of afYaiLS of the oh8rity and of the ii)Lon]ing iesoiitces

nd applicalion of resources of Ilie charity foi. that pei-iod, In PiCP£?iing tliese fsnaiicial slaleiiiei)Is, Ib# Trustees

&re reqiiired to.. 8el¢ct Sltilable accoiinling policies and then apply Il)ein con8i8leiillyy Inake judgemei)Is and #stiinates IhaL ai-¢ i'cas'onable aod prudellt. prepai'e Ilie fiiioiictal SlateL￿entS on the going concem basis unless il 18 inappi'opriate to pi'esiiine Ih81 the chaiity will Goi)liniie ill opeialion.

ctIACEI WOIVIEI N>S DE5 VEI LOPP¥ICI NT I,]I￿[TEl D TRUSTLI ESY RE4 PORT (CONTINUEI D) FOR TKE YCtAR LINDKD 31 MARCF12025 The trusleL8 al'e iLtspuii%ible for k¥cpiiig pi'oper accounting rccords wliich disclose with reasonablc ¢lCeUi'aby at ally lime Ilie fy13Dcial positioll of Lbe tyliarildble Loiiipany and ¢n8ble Ili¥m lo ensiirc that Ilie fiiiancial slylenicnls COLnply wit]1 the Companies Act 2006. The TINblee8 al'e ¢?Iso ie8poI)siblc foi. %afeguai'ding the assets of Il)e chai'ity anil hence foi- lakii)g reasonable steps Cor IhL prevention and deleclioii of fi'aiid and other irl'c￿lI￿rI1ies. Approved by ordei. of11)e board of tt'iistees on Co< Sliaiineen BAlier Trustee

GRACE WOMCI N'S D£1 VEI LOPF*ifi,NT LltigI'rED INDLI PEI NDEI NT XAMINll, R'S REI PORT 'I'O TItCi TllUSI'fi,fi,s ort GILiCFI, WOTh￿1 N'S DLI VELOPMEINT LIMITEI D FOR'I'HEI ITI AR EI NDLI D 31 MARCH 2025 I repoi't on Ilic financial 8lalcm¥n18 of Grace Wumen's Developinent Limited for year endcd 31 March 2025 set olit oil pag¢s 7 to 13. Re5peLtlve rcsponsibllltlcs of Tru¥tLLS and xaminLr As Ilie chai'ity twslees (aiid also tbb directors of Ihc Lompany for the pui'poses of coinpany law) you are i'cspoii.wible for tli¢ pi'ep21'ation of the 8CCOLinls iii accoi'dance with the i'eqLllI'ttmenls of tlie Compaiiies Act 2006. Having satisfied myself tbat the Gharity is not subject to audit utsdei. company law, atid is eligible for indep¢ndent examinatioi), il is my i¢spoiisibilily lo.. tsxaniine the accounts Ullder section 65 of the Churilies Act (Northein treland) 2008 follow thc procedui'&$ laid down li) tlie general Dir¢clions given by the Charity Comillission for Northttrn IJelBnd undcr seGlion 65(9)(b) of the Cbarilies Act state wliether porli¢ulaY lliatler8 have coine to my attention. Bosls of Independent examlnei's, report I have examincd your Gharity accoimls as reqiiired under section 65 of the Charities Act and my examination was cariied out in accordancc wiib the gencral Direcliou5 givct] by the c.harity CuD]mi88ion for Northei'n Ir¢l&nd under scction 65(9)(b) of tli¢ Chai'ities. Act. Tlie examination ii)cluded a revicw of the accounling i'ecoi'ds k¢pi by the chaiily and a coiDpai'ison of the accounts presenled with those recoi'ds. 1¢ also iiicliided coiisideiilioii of any unu8ual items oi. disclosui'es in Ilie account8, alid seeksng explanation5 froin you as chai'ity trustc¢s con¢¢rning ally such matt¢rs. My role 18 10 8tat¢ wli¢lber aiiy mat¢i'11t I niatters liav¢ ¢oine lo my alt¢i)¢ion giving m¢ oau8e lo beli¢v$: l. That accounting records were not kcpl in accordanc6 with section 386 of the CompaE]tes Act 2006 2. That tbe accoullls do not acwrd with Ibose accoiiiiting records 3. That th¢ accounts do not comply willi the accounting requirements of section 396 of the Coinpanies Act 2006 and with th¢ m¢thods ￿la piinciple8 of the Lhai'ilies Slalenient of Recomniended Practice applicable to charities pi'eparing Ilieir accounts iii accordaiice with the Finai)cial Repoiling Siandard appt5cable in the UK and Liepublir of Ireland 4, That ther¢ is fill'lliei. infoiination needed foi. & piDpei' understanding of the 8CCOWlts lo be reached. Illdependent exaniiner's 8tateiiient I b&ve completcd niy examillation and bave no coiicerns iti respect of the mAttei'8 (1) to (4) listsd abov¢ and, in couiiectioii with followiD8 the Dii'e¢lion8 of the Chaiity Commission for Northeii) Ireland, I havo foulld no niatters Iliat i'equire diawing to your attention, Paul MeAr¢Avcy fiCA PC.M ClikI'tei'ed Aceountn 405 Llsburn Road Bolfllst BT9 7EW Date: 20 ￿18

GIiACI WOMEN?S DEI VEI LOPMEI NT LIMITEI D STATCI MENT of4 FINANCIAL ACTIVITl£I S FOII YLI AR ENDEI D 31 ￿lARCH 2025 Unrestj'lcted Ilunds Resti'icted r<unds 2025 2024 'rotol Total Inco¥iie 211d endoiYJiieiiL8 ri'uin: Chllrilable activities Doiiations 120,806 120,806 144,834 304 Othei. ineoniing resoui'ces Rent Yeeeivable RooIi) Hire Otliei fees 39,330 13,148 6,000 39,330 13,148 29,132 7,753 Tot21 incomlng resource8 58,478 120,806 179,284 182,023 ResouTr-ces expended Cbarilable gclivilies 8,219 199,940 208,159 215,517 Total i'esoui'ces expended 199,940 208,159 215,517 Net income l (expendltui'e) 50,259 (79,134) (28,875) (33,494) Traiisf¢rs betsvLen fiyids Net niovement lil fund$ 50,259 (79,134) (28,875) (33,494) Total fiinds bi'oiight foriYAI'd t l Api'll 2024 128,157 2,144,499 2,272,656 2,306,150 'I'otal (unds, eai'i'led forw8rd at 31 Mai'ch 202S 178,416 2,065,365 2,243,781 2,272,656 The 51al¢menl of fillancial activities has been pi'epai'ed on tlie basis that all operations 8re continuing operations, T￿ere ai'c i'ecogJ]ised gaiiis or losses oiliei. thai) tl)os¢ passing Ibi'oiigh Ibe slat¢iii¢iil ot. linancial activities.

GRAL'LI WOMEI N?S DIQVEI LOPMLI NT LllWll'fEI l) BALANCEI SHFfi,T AS AI. 31 MARCH 2025 2U25 2024 Notes Fixed 85sets Tai)gible asse18 2,083,946 2,142,144 Ciirl'ellt assets Cash al bank and in liand 163,281 139,562 163,281 139,562 Creditors: Imounts falling due iyithin one year (3,446) (9,050) Net cijrrent assets 159,835 130,512 Total Assets less current IIAblllties 2,243,781 2.272,656 Net RS5ets 2,243,781 2,272,656 Funds Unrestricted fiJid8 Restt'icled funds 178,416 2,065,365 128,157 2,144,499 I'otal funds 2,243,781 2,272,656 For the fLllancial ycar ended 31 Mdrcb 2025 the coinpany was $ntitled to exemption froin audit iit)dei' 8eclioi) 477 of the Companies Act 2006 1'el3tiiig to sinall co]npanie8. The Trustees ackniowledge their i'esponsibilitie8 for complyiJ)g witb the reqiiireiiienls of the Conipanies Act 2006 with iespect to accoulltiiig I'ecoi'ds 2nd th¢ prepai'ation of financial slatemenls. Tlie Ti￿Stee5 coD8idei' Iliat the company ib entitled lu exemption froni (he i'equircmcnl to have all aiidil under Ibe PIX)V18ioI) uf 8e¢Lion 477 uf the Compjtiies Acl 2006 and inetubeTS have iiol I'equii'ed Ibe coinpaiiy to obtain an audit for lkne year ill question iii accordaiice wtili Section 476 of tile Coiiipanies Act 2006, I'hese fmaticial slaloin¢nls have been pi'epai'ed ill accoi'daiice witi) Iheprovisiong applicable lo companies siibject lo die Small Coinpatucb regime. Approved and aiithoi'ised for issiie by Ilie i3oard on i, Shauneeii IIAkci' Trustee Company RegistrAtioll No. N1614237 26 YArtiwxftV %)

GIIACE WOMII N'S DEVII LOPMII Nl. LIMI'fED NOI'ES TO TKC FINANCL4L STATLI MENTS riOR THE ITIAR EI NDEI D 31 MARCH 2025 I, Aceountlllg policies 1.1 Basis of Prep8r#tii)n Tlic fii)ancial slaleincnls ljave beeii pi'epai'ed u]]der the historical cost convention, Tlie acGounls (financial $18teinenls) have beei) piep£l1'ed iii aucoi'dance witli Ilie Sialtinenl of Recomniended Pi'aclictt: Accoiinting and Repoiting by Charities pi'epariiig Ihei]' Rccounls in accordance with Il)e FinAllLI(I1 Repoi'linLTr Siaiidai'd applicable in Ilie IJK and Repiiblib of Ii'cland (FRS 102) issued lll OLlobeL 2019 and the FinuiiciBI Reporting Si&ndard applic&l)le ill Il)e Uiuled l(tngdon] lliid Republic of Ireland (FRS 102) and Il)e CliariLies Act (Northern treland) 2008. 1.2 1nc(blliing re4oui.ces lii¢oIning i'esouces are classified aecoi'ding lo Iheii. soui'ce a￿d nature, There are thlce dislincl sow'ces of iiicome being ill¢oiJing i'esources fi'oni gi'ants awai'ded as iiicon)ing i'esoui'ces fi'om cbaritable actLyiIic8, aloi)g witl) rei)t and rooin liire i'eceivo1)le, and other fe￿ I'eceived. All iiicoming regourcey al'e included in the slalemcnt of finanoial &clivili¢s when tlie charity is legally ¢nlitl¢d to the income and Ilie 8moiiDt can be qiiantiti¢d with i'easonable acciii'acy. 1,3 Resoui'ee5 expellded Resouices exi)eiided al'e classified accordiiig lo Ilieii. fimotion. All expenditui'e is aecoullted foi. on an accruals basi8 and been classified iiiider heigdings that ag￿.eg￿te all Losls related to that Lal¢gory. 1.4 fund Aeeountiilg Unreslricled funds are avatlablc foi. u¥e at the discrelion of Ihc triistces iii fvi'theLRllce of the general ubjeclivtts. of Ihc tikiarily wl)ioli liave not bctsii designated for othei. purposes. Restticled fuiids urc g¢nci'aled i'om I'esltic¢ed gi'allls and donalioiis i'eceived ti'oin fwiding bodies aiid Ilie i'elated ekpenditurc. Suoh fimds re i'gsti'icled in Ilieii use a8 deleiiiiined by each it)dividual fimding body. 1.5 TanElbEe fixed os.sets and d¢pL'ecix(ion Taiigible fixcd as5cls ar¥ staled al Cob¢ Isss dei)recialion. Depl'￿14110ll is provided at iatcs calculated lo write off Ilie Cost les8 ¢Stimat¢d residual value of e3ch asset over its expected useful lite, as tollows,, JRasel)old pi-01)ei'ty Fixttii'e8 & fittings 20/0 Sts'aighi_liJ)e IOO/) Siraiglil-line 1.6 Forvigii currency translation Mouelw'y assets alld litJbililie8 denominated in foi'eign cui'i'encies are ts?i)slalcd into stcrling al the Ydtes of exchange iulill&J at the balance sheet dule. Transactions in foi'cign vurrenbi¥y are record¥d at the rale of exchaiige at Il)e balance 8he¥l dale. All diffei'eiices are taken to Ili¢ pi'ofit aiid loss account, 1.7 C'asli ftloiy statemejit Thtt Chai'ilics SORP 2019 reconuncnds Ihat casli flow slaleinenls shoiild be pi'¢pared for larger obai.i18ble entities, ILOW¢VQi' Ilie UII IiccountiL)g guidelines also allow for smalleL ¢nlilies lo elect iiol to pi'oduce cash flow stalcillcnls. 6ra¢e Woiy)eii's Doveloptnont Lirnsled nicels thc defmition of a Small entity in terjns ot tbe UK Jc¢oiinting slJnil81-ds' xnd the Charilieq SORP. Tlie tiu,slees have eleLiled iiot lo prepare 8 casl) Ilow laleinenl ill gc¢oi'daiice willi i)rovi8iolls alloived t.oi smallrr enlilies.

GRACL WOMLI N',8 VLI LOPTrffjI NT LIThqrrEI D NOTES TO THE FINANCIAL STATEI MENTS (CONTINUE, D) ri OR I'ITEI ILI AR CI NDEI D 31 MARC.H 2025 l. Aceountiiig policies (eoutiiiued} 1.8 Debto1.￿ and Lrediloi's I'eeeivable I p8yabl¥ witbin one yeai. Dcbiors aiid fjrediloi's with no stated inleLCSt I'llle aud receivable or payiible williin une yeat. gre i'ecorded at transaclioll priee. Any Ios8es arisiLg fiDm impall'l)ient ale L¢co8nised in expendituie. 1.9 Li)ans anil borA'iiiYlng.s Loaiis and borrowings are initially iEcognised at the Iransaclion price including transaction cosls. Subsequently, ¢liey are measuird al amoitised cost using Ihe elfeclive it)lerest rate method, less imp¢li11nent. If an ari.4lngeineiit constittile8 11 fiijiqnce tiaiisaclion it is medsiired at present value. 1.10 ljjiyaii'nient Assets not measui'ed al fail value are revi¢wed toi. any iiidicalioii tliat the 88se¢ inlly bo iiiipllii'cd llt eacli balance sheet dale. If such itidicatioii exists, the recovei'able amount of the asseL oi the asset's cgsli gcnrrdling unil, 18 es'timaled, and compared lo the caii'yillg oniounl. Whei'e Ilic carryinLN aniounl exceeds its i'ecovei'able ainouttl, an iiiipaii'ineiit loss is recoguised in profit or loss unless the asset is cari'ied at o i'evalued anioiinl wheLe the impallnLent108s is a revaluation deci'ease. 1.11 Empluyee bLnefit Wl)eii employees have i'¢ndered seivico to the chai-ity, sbort-tei'ni employee bellefils to whicli dle employees al'e entitled al'e recognised at the ulldis¢ounted anioiinl expected lo be paid in ex¢liatige foi. that service. The uhuiity operdteg a defined contribution plan fui. Ilie boiicfil of ils cinployees. Coiitt'ibulions ai'¢ expcnsed as Illey becoIn¢ payable, 1.12 Going ci)nc¥rn The fmanciul slalemeols have be¢]) prepai'ed on a goiJ)g concel'li basis as the Itustees believe that no malcri41 uiic¢Ltainli¢s exist. The Ii'uslees liic ve considered t.he level of tiillds held aiid the expected level of iiicoille and expenditure for 12 tnonths from auihoi'isillg these fin81)cial stalemeIils. The budgeted incoiiie and expeiidittii'e is giifficient with the level of I'e8eives foi. tlie cl)arity lo be dble lo contiiiuc as a going cotLccrn. 1.13 JudEemenls and key sources of estimatlo)i un¢ertalnty Ilie applicalion of the Gh¢lrity's ac¢ountitsg policies, the trusleeg are L'equii'ed lo make judg¢inellts, estiniale8 at)d assiimptions abolit the eairying atuouiit of as8els liabilities tiiat al'e tiot readily appai'cnt from other soiii'ces, The estimates aiid aSSOCiclted assiinTrplions al'e based on historical expericnoe and other faLluis th&1 arL considered lo be ¥elevanl. A¢lu81 r￿ul1& ii)ay differ froill IhLSC esÉimates. 'I'he estimates and underlying assumptions Bre i'eviewed or all 0rn8Oi]18 basis. Revisions to aocoiinting estimates are i'ecogiiis¢d in Ilie pei'iod in wlii¢li tlie esti￿ate is i'evised where Ilie revisioll affects o]dy thic t period, or in tbe period of the i'evision and periods whele the t'evision affects both tyui'i'uiit aiid fviure poriods. io

GRACE WOMEI N'S DEVEI LOPMCI NT LllVtrrEI D NOI'LI S TO I'EtC blNANCIAL STATnlVAENTS (CONTINUED) I OR T￿1 Y£1 AR CI NDLI D 31 MARCH 2025 2. Total resoui'ces Uni'estricted Resti'ieted riuIids 2025 Total 2024 Total Iiicoinlllg i'esoui'ces Depai'biient foi. Conm)uiiilies Bclfast City Cowicil Doi)alions Jokn Moore'8 Foundation Developiiig He&lthy C02ThrrLunilies Benll¢y Motors Halifax BBC Children in Need Henry Sniitli 14oundalion NI Hoiising ExcciitivL Asset Recovery Cot]Mniwity Scheme A8hlon Coininunity Tiwst Coniniuiiity Developinent aiid Healtli Network Groundwork UK Rent re¢eivable Rooni 14ire 76,721 8,401 76,721 8,401 73,499 16,177 304 2,244 2,161 500 7,336 10,198 25,100 7,619 1,4J8 25,200 4,063 1,380 25,200 4,063 1,380 6,000 6,000 2,500 1,123 2,500 1,123 39,330 lJ,l48 39,330 13,148 29,132 7,753 J20 1106 179,2114 182,023 Resourcetl expended Project costs doyne association grant Wages aiid salaries Sthff pell8111n8 Staff tiaining Property repau's and InaÈntellance Pretllises iDsiii'anLe Rates Powei., light & lieat Coinpulei. rU￿Ling costs Postage & slationeiy Legal & professioiiol Accoiintancy Bai)k chaLges Telecoillmuni¢alion8 13ntertaining Siitt(hy cxpttn8es Doprecialion 8,155 21,971 89,367 4,474 800 8,155 21,971 89,367 4,474 800 6,1163 5,329 1,145 4,417 911 635 14.375 19,586 92,708 3,468 6,863 8,891 5,109 1,070 4,542 787 5,329 1,145 4,417 911 635 900 2,276 450 3,006 73] 485 1,766 2,497 485 2,416 356 140 58,198 2,416 356 140 151 58,1911 58,198 8,219 199,940 206,159 215,517 The manageineiit and admini8tt.titif)n expenses liave beeii apporlioiied bEtw¢¢ll each cha¥ilable clivity on the sanjc basis ct8 Ihc expeiidilw'¢ iIityiu'ied directly iii wid¢rtakiiig Ilial aclivily. li

JRACE WOMLI N'S, DEI VEI LOPl¥ff< NT LIMtTlI D NOTfi S TO THE fINANCiAL STATII MCI NTS (CONTINUE, D) ri OR THE YLI AR LI NDEI D 31 MARCH 2025 3. Tangible fixed asset5 Ler¢seliold Pi'operty iixtiires & Fittings Total Cost or vnliilllÉon Al l April 2024 Addilioi)s 2,184,884 145,01)O 2,329,884 At 31 March 2025 2,184,884 145,000 2,329,884 Depi'eclatlon At l Apiil 2024 Cliarge for the yeai. 140,977 43,698 46,763 14,500 129,542 58,198 Al 31 Mlrcli 2025 IB4,675 61,263 187,740 Net book VAlue Ai 31 Maruh 2025 2,OUO,20 83,737 2,083,946 Ai 31 Mai'cli 2024 2,043,907 98,237 2,142,144 4, Ci'editoi's: #Iilounts falllng diiL Withill yeAI' 21J25 2024 Accruals Wages payable Tax and social seculity 2,457 2,300 6,052 698 989 3,446 3,762 S. AnHly$ls of net assets hetiyeen funds Resti'icted Fulld UnrestrlLted Fund TotAI Funds Fixed assets Cuii-ciil tlsse14 Curi'enl liabilities 2,083,946 (15,844) (2,727) 2,083,946 163,281 (3,446) 179,135 (719) 2,065,365 1711,416 2,243,781 6. Ti'uf tee5 I'emuneration The TTuslee received no reiniinei'alion duiiiig Ihc year endllig 31 Mgrcli 2025 (2024_ £nil). 12

GRACE WOMCI N'S DLI VEI LOPMIINT LILlllTEI D NOTCI S TO THE rtNANCtètL STATEMLI NTS (COF4TINULD) FOR 'fH& YLI AR LI NDII D 31 IWIARCFI 202£ 7, Trustees, expeiises The Tivslees irceived iio expei)ses duriiig the yeai. ending 31 Maroh 2025 (2024 - £Dil). 8. EmployLe Tlie avei'agc niimbei. of ¢inployces dui'ing Ilie yeai. ending 31 M#roh 2025 was 6 (2024.. 7). 2025 2024 Gross wages and salaries (including natioijal ii)sui'ance) StRff pensioj) costs 89,367 4,474 92,708 3,468 93,841 96,176 9. Caplt81 collimltineiits At 31 MarLlI 2025, Grace Ivomen's Developinent Liiiiil¢d had no capitol conllLillli¢nl8 (2024 £nil). 10. P05t bAIAnce sheet eveiitr At 31 Mdich 2025, Ihcr¥ no disclosabl¥ oi. posl-balonce sheet events that reqiiu'e adjuslmenl iii the fin811GI81 slateinents. 13