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