Cornpany registration number: N1650199
Charity registration number: 107784
Grace Community Church (Ireland) Limited
(A company limited by guarantee)
Annual Report and Finan¢ial Statements
for the Year Ended 30 September 2022

Grace Community Church (Ireland) Limited
Contents
Reference and Athninistrative Details
Trustees, Report
2to5
Independeni Examinees Reprt
Ststsment of Financial Activtties
Balance Sheet
ststement of Cash Flows
Notes to the Firw]cial Statements
IOto17

Grace Community Church Ureland) Limited
Reference and Administrative Details
Charity Registration Number
107784
Company Registration Number
N1650199
The charity is in￿rPOrated in Northern Ireland.
l Blenheim Court
Richhill
Arniagh
BT619TH
Reglstettd Offie¢
Aceollntants
Thomas Oliver and Associates Limited
Certified Public Accountant
l Moyg&%hel Mills Park
Dungannon
Co Tyrone
BT717DH
Page I

Grace Community Church (Ireland) Limited
Trustees, Report
The trustees, who are directors for the putpose5 of company law. present the annual reFQrt together with the
financial ststements of the charitable company for the year ended 30 September 2022.
Objectives and aetivities
Objects and aimv
The charitable purwjse of Grace Community Church (Ireland) Limited is the advancement of the Christian
religion for the benefit of the public in the area of benefit.
The principal function 15 to relieve the proverty and the advancement of education and to provide facilities in the
interest of welfare the object of improving the conditions of life for said itthabitant5.
Public benefit
The direct benefits flowing from advancement of religion include holding weekly church services, mid week
gatherings and small groups which are open to anyone.
A direct benefit comes from providing facilities at a community bub in RiGhhill. This community space is a
place for diifferent group3 in the Com￿unity to me¢L
Trustee5 alld officers
The knjstees and officers wving during the year and since the year end were as follows:
Trnstees:
Mr Neil Dawson
Mr David Allan McBride
MrNeville William Garland
The trustees meet regularly to discuss the broad strategy of the charity.
Ob'ectives and Activiti
The prin¢ipai adivities of the charity are to support and facilitate the Chuwl raise awareness and understanding
of Evttngelical Christian beliefs and practices. Cany out missionary and outreach work within the community
served by the churth as well as holding regular public worship services in the context of the Church.
Head uarters
Our offi¢e and administrative addres5 is l Blenheim CourL Richhill BT619JQ. The main activity of our ¢haTity
takes place at The Hub. Richhill. We have been leasing this building since November 2019. The facilities at The
Hub allow the charity to hold weekly church services. mid week services and youth clubs. The building is also
available for community use and is currently used by a speech and drama group, a group for those with
additional needs and for group community meetings. Since last year. with the relaxing of Covid-19 restriction
we have seen growth in the number of community groups Using the space both on a weekly basis and for one off
events. We have been able to provide the space to our local prirnary sthool to support their Ditch the Dark event
and hosting a market event for the primary 6 Busin¢s5 Beginnings class to sell products they have created.
Page 2

Grace Community Church (Ireland) Limited
Trustees, Report
Finances
Funds are raised by way of contributions, donations, grants and any other lawful method towards the aims of the
Charity. Since returning (after relaxing of Covid-19 restrictions) to meeting in person we have seen a slight
increase in the f￿anCial giving through the weekly offering from the church. However the wst of living uisis
has had an impact on how much thos¢ within the church are able to give. The signifa¢t increase in the cost of
electricity in particular has negatively affected our finances.
We were, however, able to obtain grdnts from EA and ABC Council towards the runDing ¢osts of the youth
club. We also received 8 grant to help with renovations to the kitchen in the Hub. This has allowed to
ntinue sending funds to the charitable projects we have chosen whtle still covering the costs of le&8ing and
running The Hub. The charity endeavours to keep a prudent arnount in reserve for the Cash flow purposes but
most fun(L8 2re spent in the short tenn.
Youth Club
As of SeptembeT.2021 we have been running 2 weekly youth clubs one for prirnary 6 and 7 and one for 1st to
3rd years. There has been a Significant response to this with around 130 young people attending between the two
sessions. This in an increase of 50 young people from the previous year.
These youth clubs have greatly benefitted the young people in the area becaus¢ of the nwal setting there are
limited activities and re50urce5 available to them.
Futtwe Plans
In tbe llext year we would lik¢ to have a dedicated prayer room in our Hub building that will be open to all the
churches in our community to help improve relations b¢tw¢eD the different churchs and denominations.
The charity 15 seeking to ci)ntinue incrwing its community engagement. We have aiready seen how valuable
the youth clubs have been and the charity is seeking to continue to develop new programs for young peopl¢ and
their families as well as other people within the community.
Structur4 governanc¢ and management
Nature ofgoverning documenl
The charity is a company limited by guarantee, governed by its MernorJndum and Articles of Association. It h&s
been granted charitable ststus by The Charities Cornmission for Nortbern Ireland under registration number
NOC107784.
Flnaneial instruments
Objeclives andpollcies
The ch3rity'5 artivities expose it to a number of financial risks including credit risK cash flow risk and liquidity
risk. The use of financia] derivattv¢s is governed by the charity's policies approved by the board of tnJ5tees,
which provide WTitten principles on the use of financial derivatives to manage these risks. The charity do¢s not
use derivative finan¢iai instruments for speculative purposes.
Page 3

Grace Community Church ￿reIalld) Limited
Trustees, Report
Credit rilk
The charity's principal financial assets are bank balances and ¢a5h, trade and other receivables, and investments.
The charity'5 credit risk is primarily attributable to its trade receivables. The amounts presented in the balance
sheet are net of allowances for doubtfijl receivables. An allowance for impainnent is made where there is an
identified loss ¢vent which, based on previous experience. 15 evidence of a reduction in the recoverability of the
cash flows.
The credit risk on liquid funds and derivative fm8ncial instruments is limited because the counterpartiC5 are
banks with htgh credit-ratings assigned by international CTedit-rating agencies.
The clwity has no significant concentrAtion of credit risL with exposure spread over a large number of
counte￿artieS and custr)mers.
Liquidity ri¥k
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and futs￿e
developments, the charity uses a mixture of long-tern] and short-tem debt fmance.
Further details regarding liquidity risk can be found in the Ststement of accounting policies in the financial
statements.
Statement of trustte$' responsibilities
The trustees (who are also the directors of Gra¢e Comrnunity Church (Ireland) Limited for the purposes of
company law) are responsible for preparing the trustees, report atjd the financial slatements in accordance with
applicable law and United Kingdom Acwunting Standards (United Kingdom Generally Accepted Accounting
Practice), including FRS 102 "The Financial Reporting Standard 8ppli¢able in the UK and Republic of Ireland"
Company law requires the trustees to prepare fmancial statements for each financial year. Under company law
the trustees must not approve the fmancial statements unless they are sati5fi¢d that they give a and fair view
of the state of affairs of the charitable company and of the incoming resources and application of r¢sourGes,
including its income and expenditure, of the Gharitable company for that period. In preparing these financial
stat¢m¢nts. the t￿St¢eS are required to..
select suitable accounting policies and apply them consistentiyy
observe the method5 and principles in the Chartties SORP.
make judgements and estirn&tss that are reasonable and prudent.
state whether applicable accounting stsndards, comprising FRS 102 have been followe4 subject to any
material departures disclosed and explained in the financial statements. and
prepare the financial statements on the going concern b&815 unles5 It is inappropriate to presume that the
charitsble ¢x)mpany will continue in busines5.
The trustees aTe re5w)nsible for keeping proper accountTnE records can disc105e with reasonable ac¢uTW at
any time the fmancial position of the charitsble company and enable them to ensure that the fmancial staternents
cornply ￿1th the Companies Act 2006. They aTe a]so responsible for safeguarding the assets of the chasitable
company and hence for taking reasonable Steps for the prevention and detection of fraud and other irregularities.
Page 4

Grace Community Church (Treland) Limitsd
Trustees, Report
The trustees are TespoDSible for the maintsnance and inte￿ity of tbe corporate and finallcial inf17rnation
included on the charitable compally's websits. Legislation governing the preparation and dissemination of
financial statements may differ frotrt legslation in otheriurisdirtions.
The annual rep
d by the tcustees of the charity on 22 2023 and siglled on its beljalf by:
Page 5

Grace Community Cburch (Ireland) Limited
IndependeDt Examiner's Report to the trustees of Grace CoD]munity Church (Ireland)
Limited ('tbe Company,)
I report to the charity trustees on my examination of the ac￿Unts of the Company for the year ended 30
September 2022.
Rtspe¢tive responsibilities oftrn$te¢s and examiner
As the charity's ￿Stee8 of Grace Community Church Oreland) Limited (and also its director3 frir the putP05es
of company law) you are responsible for the preparntion of the accijunts in a¢¢ordance with the requirements of
the Charities Art (Northern Ireland) 2008.
Having satisfied myself that the ¥￿llnts of Grnce Community Church (Ireland) Limited are not required to be
audited under sectton 65 of Chartties Act (Northern) treland 2008 and that an independent examination is
needed. It is my responsibility to:.
- examine the accounts under sertion 65 of the ChaTities A
- to follow the procedures laid down in the generaI Directions given by the Charity Commission for Northern
Ireland under section 65 (9)(b) of the Charities Act
- to stste whether particular matters have come to my attention
Ba515 of Independent Examiners, Report
I have exarnin¢d your charity accounts as required under section 65 of the Charities Act and my examination
w&$ carried out in accordance with the general Dire¢tions given by the CE￿Ity Cou)mi5sion for Northern Ireland
under section 65(9}(b) of the Charities Act.
examination included a review of the accounting records kept by the chartty and a Compartson of the
accounts presented with those records. It also included considerdtion of any unusual items or disclosures in the
accounts. and seeking expalnations from the trustees concerning any such matters.. I confwm that no matters
have come to my attention in connection wÉth th¢ exaMi[￿tiOn giving me cause to believe:
l. That accounling rec4)rds were not kept in respect of Grace Community Church (Ireland) Limited as
rquired by section 63 of the Charities ACL. or
2. That the accounts do not aG￿rd with those records. or
3. That the ￿coUnts do not comply with the accounting requ2rements of the Charities ACL
4. That there is fill1her information needed for a proper understanding of the accounts tobe reached.
Independent Examiner's Statement
I have completed my examination and have no concerns in respect of the matter (l) to (4) listed abovc and in
connertion5 with the following dir¢ctions of the Charity Commission for Northern treland, I have found no
matters that require drawing to your attention
Thom
ssocia
Certified Public Accountant
22 June 2023
Page 6

Grace Community Church ￿reland) Limited
Statement of FillaDcial Activities for the Year Ended 30 September 2022
ncluding Income and Expenditure Account and Statement of Total Recognised Gains
and Losses)
Unrestricted
Total
2022
Note
Income and EndowmeDts from:
Donations and legacies
48,929
48.929
Total incorne
48.929
48,929
Expenditure on:
Raising funds
ch￿itable activities
(46,469)
(789)
(46.469)
789
Total expenditure
(47258)
(47,258)
Net income
1,671
1,671
Net movement in funds
1.671
1,671
Reconeiliatioll of funds
Totsi fimds brought forward
21,757
21.757
Total funds carri¢d for¥vdrd
12
23,428
Unrestricted
23.428
Total
2021
Note
Income and Endowments from:
Donations 8nd legacie5
52,503
Tota] income
52.503
52,503
Expenditure on:
Raising fi￿d5
Charitable activities
(31,505)
(1.529
(31,505)
(1,529)
Total expenditure
(33,034)
33.034)
Net income
19,469
19,469
Net movement in fimds
19,469
19,469
RecoDcUiatlon of thnds
Total funds brought fonward
Total funds ￿rIed forward
2,688
2,688
l2
22,157
22,157
All of the charity's activities derive from continuing operations during the above two periods.
The fun(ts breakdo￿ for 2021 is shown in not¢ 12.
The note3 on pages 10 to 17 forni an int¢grai part of these financial ststernents.
Page 7

Grace Commuuity Church ￿relalld) Limited
(Registration number: N1650199)
Balance Sheet as at 30 September 2022
2022
2021
Note
Fixed assets
Tangible asset5
3964
1,852
Current assets
D¢btors
Cash at bank and in band
12,469
9,210
10
20,406
20,406
21,679
Creditors: Amounts falling due within one year
Net current assets
li
(942)
1,374
19,464
20,305
Net assets
23,428
22,157
Funds of the charity:
Unrestrictsd iucome funds
Unrestricted furyd5
23,428
22,157
Total tsnds
12
23.428
22,157
For tbe finaucial year endillg 30 September 2022 the charity was entitled to exemption froEn audit under 5¢Ction
477 of the Companies Act 2006 relating to small companies.
DireGtor5' responsibilities:
The members have not required the charity to obtain an audtt of its accounts for the year ill question in
accordanc¢ with section 476; and
The dircctors acknowledge their responsibilities for complying with the requirements of the Act with rcspcrt
to accounting records and the
reparation of accounts.
Thefjn
2023 an
cial
7 to 17 were approved by the bustees. and authorised for issue on 22 June
on
Mr Nevill
Trustse
The nots5 on pages 10 to 17 ft)rni an inte￿1 part of these fjnancial statements.
Page 8

Grace Community Church (Ireland) Limited
Statement of Cash Flows for the Year Ended 30 September 2022
2022
2021
Note
Cash flows from operating attivitie5
Net cash inry)me
1.671
19,469
Adjustments to C2sh flov￿ froDJ Doll-casb itims
D¢pre¢iation
672
482
2,343
19,951
Working capit¥l adjustments
Decrea5e/{increase) in debtors
(Decre&8eyincre&5e in creditors
12,469
(432)
(12,469)
538
li
Net cash flowJ from operating activities
14,380
8.020
Cash flows from investing activities
Purchase of tangible fixed assets
(3,184)
(2,023)
Net increase in cash and cash equivalents
11,196
5.997
Cash and cash equivalents at l October
C&8h and cash ¢quivalents at 30 September
9,210
3213
20,406
9,210
All of the cash flows are derived from continuing operations during the above two periods.
The not¢s on pag&8 10 to 17 ft)rm an int¢￿1 part of th¢3¢ finan¢ial statements.
Page 9

Grace CommuDity Church ￿reIalld) Limited
Notes to the Financial Statements for the Year EDded 30 September 2022
I Charity 5t¥tU5
The charity is limtted by guarantee, inconjorated in Northern Irelan￿ and consequently does not have share
capital. Each of the trnstees is liable to contribute an amount not exceeding £Nil towards the ￿Sets of the charity
in the event of liquidation.
The address of its registered office is:
l Blenheim Court
Richhill
Arnagh
BT619JH
These fuw]¢ial statements were authorised for issue by the trust¢¢s on 22 June 2023.
2 AccoulltiDE policies
Summary of significant accounting polities and key accountillg estimates
The principal ac￿untIllg policies applied in the prepardtion of these financial statements are set out below.
These policie5 have been ￿nsistentIY applied to ail the y¢un presellt￿ unless otheTr4ry5¢ slated.
Statement of compliance
The fmancial statements have been prepared in acci)rdance with Accounting and Reporting by Charities..
Statement of Recommended Practice (applicable to charities prepartng their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of I￿land {FRS 102)) (issued in October 2019)
- (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) and the Compauies Act 2006.
Basls of prepAratioD
Grace Community Church (treland) Limited meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless oth¢rwise stated in the
relevant aGcounting policy notes.
Going concern
The trustees consider that there are no material uncertainties aEx)ut the charity's ability to continue a going
concern nor any significant areas of uncertainty that affect th¢ ￿Ing vaiue of assets held by the charity.
Income and endowments
All income is recognised on¢c the charity h&8 entitIem¢nt to the incom4 it is probable that th¢ income will be
eived and the amount of the In￿Me receivable can be measwed reliably.
Donadons and legacl
Donations are recognised when the charity has been notified in writing of both the amount and settlement date.
In the event that a donation is subject tri conditions that require a level of performance by the ch￿lty before the
charity 15 ¢ntitled to the fiJnd$, the in(x)me is deferred and not recognised until either those conditions are fijlly
m¢L or the ￿lfilment of those conditions is wholly within the control of the ckwity and it 15 probable that th¢s¢
conditions will be fulfilled tn the reEK>rtiThg period.
Page 10

Grace Community Church (Ireland) Limited
Notes to the Financial Statements for the Year Ended 30 September 2022
Grants recelvttble
Grants are recognised when the charity has an entitlement to the fi￿dS and any conditions linked to the grants
have been met. Where perfornjance conditions are attached to the grant and are yet to be mel the income is
recognis¢d AS a liability and included on the balan¢< sheet as deferred income to be released.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable
settlement is required and the amount can be measured reliably. All costs are allocated to the applicable
expenditure heading that aggregate similar w5ts to that calegory. vlliere costs CaT￿0t be direthly attTibuted to
particular headings they have been allocated on a basis consistent with the use of resources, with central staff
costs allocated on the basis of time speAL and depreciation Gharges allocated on the portion of the asset's use.
Other support costs are allocated based on the spread of slaff costs.
Raisingfun
These are costs incurred in attracting voluntary illcome, the management of investments and those inCu￿ed in
trading activities that raise fL￿dS.
Support C05t5
Support costs include central fi￿ctionS and hav¢ been allocated to activity cost categories on a ba515 ¢on515tent
with the use of resources, for example, allocating property costs by floor areas, or per capit4 Staff costs by the
time spent and ottjer costs by their usage.
Governance Costs
These include the costs attributabl¢ to the GharÉty's compliance with COnsti￿tiOnal and stststory requirements.
including audiL str&egi¢ m2nag¢ment and trustees meetings and reimburs¢d expenses.
Government gr8Dts
Government gTdnts are recognised based on the accTual rnod¢l and are me85ured at the fair value of the asset
received or receivable. Grants are classified as relating either to revenue or to assets. Grdnts r¢laling to revenue
are recognised in income over the period in which the related wsts are recognised. Grants relating to assets are
recognised over the expected useful life of the asset. Where part of a grant relatin8 to an asset is deferre(l it is
rewgnised 3s defe￿ed income.
Taxation
The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and
therefore it meets the definition of a charitsble company for UK corporation purw)ses. Accordingly. the
charity is potentially exempt from t&xation in r¢speth of income or capital gains received within ¢atrgories
covered by Chapter 3 Part I l of the Corporation Act 2010 or Section 256 of the Taxation of Chargeable
Gairyts Act 1992, to the extent that such in￿rne or gains are applied exclusively to charitable purposes.
Tangible flled assets
Individual fLK¢d assets costing £0.00 or more are initially reGordcd at cosl less any subsequent accumulated
depreciation and subsequent accumulated impairment losses.
Depretiation and amortisBtioD
Depreciation is provided on tangible f￿ed assets so as to write off the cost or valuation, lass any estimated
residual value, over their expected useful economic life &$ follows:
Pagell

Grace Community Church ￿relalld) Limited
Notes to the Financial Ststements for the Year Ended 30 September 2022
Asset elass
Furniture and equipment
Depreciation method and rAte
20/0 straight line
Trgde debtors
Trade debtors are amounts due from customers for merchandise sold or services perfornied in the ordinary
course of business.
Trade debtors are recogni5¢d initially at the transaction price. They are subsequently measured at amortised ¢ost
Using the etrective interest metho(L less provision for impaimient. A pmvision for the impairnient of trade
debtors is established when there is objective evid¢nc¢ that the charity will not be able to ¢oll¢d all 8mounts due
according to the original t¢rn]s of the receivables.
Cash and cash equivalents
Cash and cash equivalents ¢omprise cash on hand and call deposits. and other short-tern] higbly liquid
investments tE￿I are readily wnv¢rtible to a known amount of cash and are subject to an insignificant risk of
hange in value.
Borrowings
Interest-beariDg borrowings are initially rewrded at fair value. net of transaction costs. Interest-bearing
borrowings are subsequently carrted at amortised c05t, with the difference between the PToceeds, net of
transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial
Activities over the period of the relevant borrowing.
Interest expense 15 recognised on the basis of the effective interest method and is included in interest payable
and similar charges.
Borrowings are c12ssified as current liabilities unless the charity h&s an unconditional right to defcr settlement of
the liability for at least twelve months aftcr the reporting date.
Fund strncture
Unrestricted inwme funds are general funds that are availabl¢ for use at the trustees discretion in filltherance of
the objectives of the charity.
3 Income from donitions l¢gacie5
Unr&8trirted
funds
General
Tot41
nds
Donations and legacies.
Donation5 from individuals
Gift aid reclaimed
Grants, including capital grants;
Governrnent grants
36,660
1,069
36,660
1,069
11200
11,200
Tot41 for 2022
48,929
48.929
Total for2021
52,503
52,503
Page 12

Grace Commllnity Church Ureland) Limited
Notes to the Financial Statements for the Year Ended 30 September 2022
4 Expenditure OJJ raising funds
a) Costs of generatillE donxtions and legacies
Unrestricted
fund5
Genernl
Total
funds
Note
Donation5
ma￿eting and publicity
Depreciation. amortisation and other similar costs
Allocated support costs
13,680
322
672
31.795
13,680
322
672
31,795
Total for 2022
46,469
46,469
Total for 2021
31,505
31.505
Tot91
costs
5 ExpeDditure on chlrfitsble adivitieg
Unrestricted
nds
General
Total
funds
Note
Governance costs
789
789
Total for 2021
1,529
1.529
Total
expenditsre
In addition to the expenditure an￿ysed above, there are also governance costs of £789 {2021- £1.529) wbich
relate dtrectly to charitable activities. See note 6 for fjjrther details.
Page 13

Grace Community Church Ureland) Limited
Notes to the Financial Statements for the Year Ended 30 September 2022
6 Analysis of governante and support costs
R4ising funds eipellditure
Costs of generating donatious and legacies
Unrestrfeted
nds
Gener41
Totsl
funds
Premises costs
R¢pair5 and matntenance
Office expenses
Finan¢¢ Gharges
Youth and events L¥)5t
Other exoenses
16,283
,653
492
308
5,3 12
747
16.283
8,653
492
308
5,312
747
Total for 2022
31,795
31,795
Total for2021
14,718
14,718
Governance costs
Unrtstrirted
fullds
Gener81
Ttstsl
funds
Independent examiner fees
Examination of the finan¢iat statements
Legal fees
402
387
402
387
Total for 2022
789
789
Total for 2021
1,529
1,529
7 Taiatitsn
The charity is a registered charity and is therefore exempt frotn taxation.
Page 14

Grace Community Church (Ireland) Limited
Notes to the Fillancial Statements for the Year Ended 30 September 2022
8 Tangible fixed ss$ets
Fllrnlti￿e And
equipment
Total
Cost
At l October 2021
Additions
2,012
3,184
2.012
3,184
At 30 Septemb¢r 2022
5.196
5,196
Depreciation
At l October 2021
Charge for the year
560
672
560
672
At 30 September 2022
1232
1.232
Net book value
At 30 September 2022
3,964
3,964
At 30 September 2021
1.452
1.452
9 Debtors
2022
2021
Other debtors
12.469
10 Cash And eash equivalents
2022
2021
C&8h at bank
20.406
9,210
11 Creditor5: amoullts falling due within ODe year
2022
2021
Accruals
942
1,374
Page 15

Grace Community Church ￿re1alld) Limited
Notes to the Financial Statements for the Year Ended 30 September 2022
12 Funds
Balance at 30
September
2022
Balance at I
October 2021
Resources
eJpeuded
resources
Unrestricted funds
General
21,757
48.929
(47,258)
23,428
Bslguce at30
September
2021
Balan¢e at I
Oetober 2020
IDcoming
resources
Resouttes
expended
Unrestricted fllnds
General
2,688
52.503
(33,034)
22,157
13 Analysis of net assets between funds
Uurestrict¢d
fiEnds
Gener41
Total funds xt
30 September
2022
Tangible r￿ed &8sets
Cuuent assets
Current liabilities
3,964
20,406
(942)
20,406
(942)
Total net assets
23.428
23,428
Unrestricted
funds
General
Tot41 funds at
30 September
2021
Tangible fixed assets
Current assets
Cu￿ent liabilities
1,852
21,679
(1,374)
22,157
1,852
21,679
(1.374)
Total net assets
22.157
Page 16

Grace Community Church ￿reland) Limited
Notes to the Financial Statements for the Year Ended 30 September 2022
14 Analysis of net funds
At30
September
2022
At l Ortobtr
2021
Cash at bank and in band
9,210
9,210
Net debt
9,210
9,210
At30
September
2021
At l October
2020
Cash at bank and in hand
3213
3,213
Net debt
3,213
3,213
Page 17