Company registTaiion nuTnber.- N1650199 Charity regisiration nutnber.. 107784 Grace Community Church (Ireland) Limited (A company limited by guarantee) Annual Report and Finatttial Staternents for the Year Ended 30 September 2025 Thomas Oliver and Associates Limit¢d Certified Public Accountant l Moyga5hel Mills Park Dungannon Co Tyrone BT71 7DH
Grace Community Church Ureland) Limited Contents Reference and Administrative Details TrLL8tee5' Report 2to5 Independ¢nt Examinerfs Report 6t07 Statement of FinancEal Activities 8t09 Balance Sheet io Notes to the Financial Staternent5
Grace Community Church (Ireland) Limited Reference and Administrative Details Chsrity Registration Number 107784 Company Registration Number N1650199 The charity is incorporated in Northern Ireland. l Blenheim Court Richhill ATrnagh B T619JH Registered Office A¢¢ount4nts Thomas Oliver and Associates Limited Certified Public Accountant l Moygaghel Mills Park Dungannon Co Tyrone BT717DH PaE¢ I
Grace Community Church Ureland) Limited Trustees, Report The trustees. who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 30 September 2025. Objectives and aetlvlties Objeds aims The charitable purpose 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 reliev¢ the Proverty ond the advan¢¢m¢nt of education and to provide facilitie5 in the inieresi of welfare with the object of improving the condition5 of life for said inhabitants. PublEC benefit The direct benefits flowing from advan¢emeni of religion include holding weekly church services. mid week gatherings and small groups whi¢h are open to anyone. A dire¢t benefit corn¢5 frorn providing facilities at a community hub in Richhill. This community space is a pla¢¢ for diifferent groups in the community to meeL Trustees and olter$ The trusiees and officers seTving during the year and since the year end were as follows.. Trustees.. Mr Neil Dawson Mr David Allan McBride Mr Neville William Garland The trustees meet regularly to discuss the broad strategy of the charity. Ob'ectives and Activities The Purposes of the charsty are to advance the Christian faith in accordance with Evangelical Christian beliefi and practices. This includes'.- * supporting and faciliiating the work of the Chur¢h holdillg regular public worship service5 • carry out missionary and outreach activites within the local comrnunity and promoting ¢ommunity engagement through programmes and seryices. Communi Activites and W rshi The charity continue5 to hold regular Sunday worship services. midweek gatherings, women'5 meetings. men's meetings. and community-based activities at The Hub, Richhill The Hub has been leased since Novernber 2019 and enables the charity tt> deliver worship services, youth work, and community programmes. The building is also us¢d by external groups. includng a speech and drarna grtsup and community meeting groups. During the year. another local Church also made use of the fa¢ilities for its bi-weekly youth club while renovation work was bein8 carried out on its premises. Page 2
Grace Community Church (Ireland) Limited Trustees, Report Finance5 The charity'5 income is generated through donation5. regular giving, grants and any other lawful fundraising activitie5. Dotjations are re¢eived both in cash and through online giving, wth Gift Aid Glaimed where applicable. Grants have been received io support youth work and building improvernents. These fijnds have enabled the charity to ¢ontinue delivering its core èctivities while meeting the operational costs associated with The Hub The chariry maintains a prudent level of reserv¢s to ensure financial stabiliiy and to support ongoing ¢ash flow requirements. Most funds are applied within a Short to medium tenn in fvrtherance of the charity's objectives and activitie$. Children and Youth The charity continues to run weekly youih ¢lubs foT Pritnary 6 and 7 pupi15 for young people in Years 8 to 10. Approximately 150 ¢hildren and young people are registered across both programrnes. During the year, a new monthly youth club for 16 to 18 year olds was also introdll¢ed. Th¢ annual l Hear¢ Richhill community w¢ek is now in its fourth year ond in¢ludes'. ' a week- long programme for children and young people • community clean-up projects. including village litter picks a morning ¢lub for prirnary-aged children an evenTng youth club for $e¢ondary-aged young people and • a community- wide fun evening The parent and toddler group continues to operate weekly 2nd remains well attended, providing a play space 2nd a¢iivities for children alongside refreshments for adults. Additional pro8rarnmes include.. • a weekly preschool Sunday pro8ramme * a bi-monthly Sunday school progr2mme for Primary I to Year 7 a Tnonthly breakfast club for secondary school pupils bi-weekly ladies'meetings and a monthly evening worship service ers ace A community prayer space continues to operate from a porta¢8bin located on the grounds of The Hub. The space is used for prayer events, monthly prayer days, and is available for use by the wider COTnrnunity. Durin8 the year, issues were identified wth a leakin8 roof within the building. The trustees are currently considering option$ ranging frorn repair works to replacement of ihe existing Structure. Page 3
Grace Community Church (Ireland) Limited Trustees, Report Future Plans The trustees remain committed to strengthening community engagagemeni and further developing existing programmes and activtties. Key priorities for the coming year include.. continued investment in youth and community prngrarnmes development of new initiatlVe5 where appropriaie improvement and expansion of outdoor space. including th¢ potential development of an outdoor faciliry for youih and cotnTnunity use and replacement of the existing prayer space with a larger two-room cabin to provide both office f11]tIeS for the church and an expanded Prayer room. Structur¢? governAnee and management N4iHre ofgoverning docE4meNt The charity is a cotnpany limited by guarantee, govern¢d by its Memorandum and Articles of Association. It has been g[ted Gharitable status by The Charities Commission for Northern Ireland under registration number NOC107784. Flnanei#l instruments Objec¢1v andpoli¢les The charity's aciivities expose it to a number of fin8nci&l risks including credit risk, cash flow risk and liquidity risk. The use of finan¢ial derivatives is governed by the charity'5 policies approved by the board of trustees. which provide MTitten prin¢iples on the use tsf financial derivatives to manage these risks. The charity doe5 not use derivative flnancial instruments for speculative purposes. CrÉdil risk The ¢harity's principal fiRancial assets are bank bal8t)ces and Cash, trade and other receivables, and investments. The charity's credit risk is primarily attributable io its trade receivable5. The aTnounts pre5entcd in the balance sheet are net of allowances for doubtful receivable5. An allowance for impairment is made wh¢re there is an identified loss event which, based on previous experi¢n¢e, is evidence of a reduction in the recoverability of the cash fltsws. The credit risk on liquid funds and derivative financial instnjments is limit¢d b¢¢aus¢ ihe ¢ount¢rparries ar¢ bank5 with htgh ¢redit-ratings a55igned by intemational ¢redti-rating Agencies. The ¢harity ha5 no significant ¢on¢enlTation of credit T15k. w2th exposure spread over a large number of ¢oun*rparties and customers. Liquidity ri¥k In order to maintain liquidity to ensure that sutTIcient fijnds are availabl¢ for oogoing operations and future developments, the charity uses a mixture of long-iemi and short-tertn debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policie5 in the financial statements. Page 4
GrAce Communlty Church (Ir¢lAJd) Llmlted Tru$tew' Report Ststement of irn¥trw' responslbllltlt4 The Mt¢¢5 (who art also the directOTS of Grace Community Church (Irelandl Limttod forthe PUTwes of cvmpJDy l&w) are re5ponsiTrle fDT PTepllring the trustees, repon Énd the financial &1¢#ttts in A¢eord£nee wth applicable18w nd United Kingdt)m Accoting Standards (United Kingdom Generally AcGept¢d Arteuntins Pra¢ticeX in¢lBding FRS 102 TrFiTwKis1 Reportinz Sw)dard applicable in the UK Republlcof Ile]d°. Cgmparty law Tequires the trwttts to Prep fin8n¢ial ststetnellts for cath fm8n¢ial year. Under law the siees must not PrOVe thE fm¢587 5¢w¢m¢nts unless th¢y ore satisfi that they 8iV? i uue end fETrvi¢w of the ate of atTaiT5 of the thaTStabl¢ wrnpany and of the tncomiDg r¢X$Ur 8nd applicabon of re5QUTW includtng its incom¥ and ¢xwditUTA of the chitsble company for that pcriod. In prcp8rIJ thes¢ fiMh¢ial stst¢tn the trustees rtqUiT¢d to: select suitsble acountins FX)lici¢s and apply ihem eortS5Ste#ily' observe the Jwknds and princ¥ples in the Charktie5 SORP: mak¢ jud8em¢rtts und estimates that #re reTrable 4nd prude st8ts Ether 41p15rBble accounting slartdard4 ¢omprising FRS 102 hav¢ be fol]ow>L subied to •oy roateriil depRrture5 disclosed and explained in ihe fin¢1¢] statements; aTJd prwre the fin8nci81 On the going ¢oncBm b95is lesS it is inppropriat¢ to that th# thritsble comp8Dy will continue in busines5. ThclrTJSttts aTe responsible forkttping prow acwurrting reGord5 that m di195twlth r¢asonablc at any thne the financia] POSitiCn ofthe cbaritsble eomp2tty attd enable them to ex5ure th4tthE statemts ojnjpty with the Compan1¢5 Act 2006. Th¢y att also Ksponsibl¢ for saf¢gu8rding th¢ of the ¢haritsble ¢otnpany hence fortsking Te¥50nable stEP5 for the Prevention 4nd dwt¢tion of fraud 8ndothEfiTf8gulariti¢& ThtttnN¢¢s #r¢ responThI¢ forth¢ mointertgtc¢ and i#twty of the co4)ornte and fmanLi81 infOth iN¢hd¢d on the charitable website. Leg551ation gDvernirtg the preparation qnd disseminatiott of finAncial swments may diffw from l¢wsl#iion in other jUTisdirfton& The Tral ryo o¥edbythetsYstees tsfthe chaTityOn S Jun¢ 2026 ondsigned oll its beh41fby. l¢Willi1 Galla
Grace Community Church (Ireland) Limited Independent Examiner's Report to the trustees of Grace Community Church (Ireland) Limited ('the Company,) I report to the charity tru5tee5 on my examination of the accounts of the Company for the y¢ar ¢nd¢d 30 September 2025. Respective responsibilities of trnstees and examiner A$ the charity's trustees of Grace Community Church Ilreland) LirnEt¢d (and also its dire¢rors for the purposes of company lawl you are responsible for ihe preparation of the accounts in accordance with th¢ requ2r¢ments of the Charitie5 Act (Northern Ireland) 2008. Having saiisfled myself that the accounts of Grace Community Church Ilrelandl Limited are not required io be audited under section 65 of Charities A¢t (Northern) Ireland 2008 and that an independent exarnination is needed. It is my responsibility to'.- exatnine the a¢¢ounts under section 65 of the Charities Act to follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65 {91(b) of the Chariiies Act to state whether parricular rnatters have come to my att¢oiion Basis of Independent Exgminers, Report I have examined your ¢harity accounts Tequired under section 65 of the Charities Act and my examinaiion was carried out in accordance with the general DiTe¢tions given by the Charity Cornmi5sion for Northern Ireland under se¢iion 65(91(b) of the Charities Act. An examination included a review of the accounting records kept by the charity and a compari50n of the account5 presented with those re¢ord5. It also included consideration of any unusual iiems or dEsclosures in the accounts, and seeking expalnations from the trusie¢s ¢on¢erning any such matters.. I confirni that no matters have corne to my attention in connectjOD Wlth the examination giving me cause to believe.. l. Thai accounting record5 were not kept in respect of Grace Community Church Ilreland} Limited as Tequired by Section 63 of th¢ Charities AGt- or 2. Thai the accounts do not accord with those records,. or 3. That the accounts do not comply with the accounting requiremenis of the Charities Act. 4. That there is further infomation needed for a PToper understanding of the a¢¢ounts tobe reached. Page 6
Grace Community Church (Ireland) Limited Independent Examiner's Report to the tru5tee5 of Grace Community Church (Ireland) Limit¢d ('the Company,) Independent Examiner's Statement I have completed my examination and have no concerns in respect of the rnatter (l) to {41 listed above and in connections with the following directions of the Charity Commission for Northern ITeland, I hav¢ found no rnatters that require drdwing to your attention Thorn Olivcr a iates Limited I. Accountant 5 June 2026 Page 7
Grace Community Church Ureland) Limited Statement of Financial Activitie5 for the Year Ended 30 September 2025 ncluding Ineome and Expenditure Account and Statement of Total Recognised Gain5 and Losses) Unrutricted fund5 Totsl 2025 Nots Ineorne gnd Endowments from: Donations and lega¢ies 53,827 Total income 53.827 53,827 Expenditure on: Raising funds Charitable activities {51.728) 11,518) 151,7281 Total expenditure {53.2461 153,2461 Net itlcome 581 581 Net movement in fund5 581 581 Reconciliation of fund5 Total funds brought forward 43.337 43,337 Total funds carried forward 12 43.918 Unrestricted funds 43.918 Total 2024 Note Income and Endowments frorn: Donations and legacies Other tr]ng activitie5 59,306 908 908 Total income 60.214 60.214 Expenditure on: Raising fvnds Charitable aciivities 148,0461 11.2441 (48.046) {1.244 Total expenditure 149.2901 (49.290) Net incom¢ 10.924 10.924 Net moveTnent in fund5 10.924 10,924 Recon£ili9tion of fund$ Total funds brought forward 32,413 Total fvnds carried forward 12 43,337 43,337 All of the charity's activities derive from continuing operatÈons during ihe above h¥0 periods. The notes on pages I I to 19 fomi an integral part of these fjnancial statements. Page 8
Graee Community Church (Ireland) Limited ststement of Financial Activities for the Year Ended 30 September 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Los5e5) The funds breakdown for 2024 15 shown in note 12. The notes on page5 1 I to 19 fortn an integral part tsf these financial statements. Page 9
Graee Cojnmuuity Churcb (Ireland) Llmit (Regi5tratioD number: N1650199) BxlAnee Sheet as at 30 September 2025 2flS Not¢ Flxed •ssets &s£ 9.874 4713 Cwh at bank And hknd 10 53.806 (19.762) 38.624 CrnlittT& Awounts fajllng dyewlthlm ont year 14et c4rrent%%ets 34,044 43.918 38.624 43,337 Fruds ofthetbArltr. L'BYeStri¢ted tund5 43.918 43J37 Totsl ftslld5 43,918 43a37 For the financial yeZT ndin8 JO September 2025 the clwlty entitled to exemptioD from audit urtdor 5Ecfion 477 ofth¢ comp1¢$ Act2006 rIngtO sll)81S compani¢s. The Memb have Y¢qUiTEd the ch8rity to ob&in 8udit of its W¢OUTtts for th¢ yEEr tn qttelion irt aceLth¢E wth seetton 476. and Thr directo¥s ¥¢knowJedge their r¢sponsibil5ttes for ¢omplyin$ with th¢ wuirnertts of the Act re5pe¢t to 8 ts 19 TrEre Bpproved by th¢ tHt¢s, wrthtsTis¢d for is¥R on S Jrnie 2026 d 8iwd on M¥N iJlithi GaTId The0ts5 on paBe3 1 I to 19 knJM an Int¢8r&l pan arth Ilnamlal
Grace Community Church (Ireland) Limited Notes to the Fillallcial Statements for the Year Euded 30 September 2025 J Charity $t4tus The charity is limited by guarantee, incorporated in Northern Ireland. and ¢onsequ¢ntly do¢s not have Share capital. Each of the trustee5 is liable to cOntribe an amount not exceeding £Nil toward5 the a$5ets of the charity it) the event of liquidation. The address of its registered office is.. l Blenheirn Court Richhil Amagh BT619JH These financial statements were authorised for issue by the tru5tee$ on 5 June 2026. 2 Accounting policiei Summgry of significant accounting policies and key accounting e5timAtes The principal accounting polici¢5 applied in the preparation of these financial staternents are set out below. These policies have been consistently applied to all th¢ years presented, unless otherwise stated. Statement of complianc¢ The financial staternents have been prepared in accordan¢e with Accounting and Reporting by Charities.. Statement of RecoTnmended Practice (applicable to charities PTeparin8 their accourtts in a¢cordan¢e with the Financial Repofting Standard applicable in the UK and Republic of Ireland IFRS 102)) (issued in October 20191- (Charities SORP {FRS 1021). the Financial Reporting Stand2Td applicable in the UK and Republic of Ireland IFRS la2) and the Companie5 Act 2006. Basis of preparation Grace ComTnunity Church (Ireland) Limited rneets the definition of a public bcnefit entity under FRS 102. Assets and liabilities are iniiially recognised ai historical cost or iransa¢tion value unless oth¢rwis¢ stated in the relevant accounting policy notes. Going concern The trustees consÉder that there are no material unceftainties about the charity's ability to continue as a going ¢on¢ern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. Exemption from preparing a tash flow statement The charity opted to early adopt Bulletin I published on 2 February 2016 and have th¢refore not included & cash flow statement in thes¢ fin30¢ial siatemellts. Income and endownJent$ All income is recognised once the charity has entitlemeni to the in¢ome, Ét is Probable that the incoTne will be received and ihe amount of the incotnE receivable can be rnea5ured relithly. Pagell
Grace Community Church (Ireland) Limited Notes to the Financial Statements for the Year Ended 30 Septetnber 2025 Dtsnalions ond legaci Donations are recognised when the charity has been notified in writing of both the amount and 5ettlernent date. In the event that a donaiion is subje¢i to conditlOn5 that require a level of perfortnance by the ¢harity before the charity is eniitled to the fiind5, the incorne is deferred and not recogni5ed until either those conditions are fully met, or ihe fiJlfilm¢ni of those condiiions is whtslly within the control Of the charity and it is probable that these conditions will be fulfilled in the reporting period. Grants r¢celv&ble Grants are re¢ognised when the charity has an entitlement to the ndS and any Conditions linked to the grants have been met. Where perforniance conditions are attached io the grant and are yet to be met. the income is r¢¢ognis¢d 15 a liability and in¢luded on the balance sheet as deferred incorne to be released. Deferred Encome Deferred income represents amounts received for future periods and is released to incoming resources in the period for which. it has been received. Such inGome is only deferred when.- The donor specifie5 that the grant or donation must only be us¢d in futur¢ accounting periods,. or The donor has imposed conditions which Tnust be rnet before the charity has unconditional entitlement. Expenditure All expenditure is recognised on¢¢ there 1$ a legal or tonstructive obligation to that expcnditure. it is probable settlement IS Tequircd and the amount can be Tneasured reliably. All costs are allo¢aied to the applicable expenditure heading that aggregate similar c05t5 to that cate80ry. Where cost5 cannot be directly attributed to particular headings they have been allocated on a basis consisteni with the use of resources, with ¢entral siaff costs allocated the basis of time spent. and depreciation charges allocated on the portion of the asset's use. Other suppon ¢osts are allocated based on the spread of siaff Costs. Roisimgfunds These are costs incurred in allwting voluntary income, the management of invesiments and those incurred in trading activities that raise nds. Support eost5 Support costs include central fvnctiorts and have been allocated io a¢tivity st categories on a basis consjstent with the use of resources, for example, allocating propety costs by floor are&s, or per capits, staff costs by the time spent and other costs by their usage. Governance co$t$ These include the costs attributable to the charity's compliance with Constitutional and statutory requirernents, including audiL Strategic management and trustees meetings and r¢2mbursed expenses. Page 12
Grace Community Chureh (Ir¢lalld) Limited Notes to the Financial Statements for the Year Ended 30 September 2025 Taxation Th¢ charity is Considered to pass the t¢5ts Set out in Paragraph I Schedule 6 of th¢ Finance Act 2010 and therefore it rneets the definition of a charitable company for UK COTporatioD lax PUTposes. Ac¢ordingly, the charity is potentially exempt from taxatton in respect of incorne or capital gains received within categories covered by Chapter 3 Part I I of the Corporatiot) T A¢t 2010 or Section 256 of the Taxation of ChaTgeable Gains Act 1992, to the extent that such incorne or gains are &pplied exclusively to charitable purposes. Tangible fixed assets Individual fixed assEts costing £100.00 or more are initially recorded at cost. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to wrlte off the Cost or valuaiion, less any estimated residual value. over their expected useful economic life &$ follows.. Asset elass Furniture and equipment DepTeciatiOll TNethod gnd rate 200/0 Straight line Cash cash equivalents Cash and cash equivalents comprise cash on hand and call deposits. and other short-terni highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of chang¢ in valu¢. Trade creditors Trade Credito are obligation5 to pay for goods or 5¢rvices that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as Current liabilities if the charity does not have an unconditional righL at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there S an unconditional right to defer settl¢m¢nt for at least hvelve months after the reporting date. they are presented as non-current liabilities. Trade creditors are recognised iniiially 8t the iransa¢tion price and subs¢quenily measur¢d at amortis¢d cost using the ¢ffe¢tive interest method. Borrowings Interest-bearing borrowings are inirially recorded ai fair value, nrf of transaciion costs. Interest-bearing borrowngs are subsequently carried at aTnortised cosL wth the difference between the proceed5. net of transaction cosis. and the arnount due on redemption b¢ing recognised as a charge to the Statement of Financial Aciivities over th¢ period of the r¢levant borrowing. Interest exp¢nse is recognised on the basis of the effedive interest method and is included in interest payable and sirnilar charge5. Borrowings e classified as current liabilities unless ihe Charity has an un¢onditional right to defer settlement of the liability for at least twelve months after the reportTng dale. Page 13
Grace Community Church {Ireland) Limited Notes to the Financial Ststem¢nts for the Year Ended 30 September 2025 Fund strueture Unre$rri¢t¢d income funds are general funds that are av&ilable for use at the trustees discreiion in rtheraDce of the objectives of the charity. 3 Jneome from donations and legacies Unrestricted fund5 General Total fund$ Donations 2nd legacies. Donations from individu215 Grants, including ¢apital grants,. Grants froTn other charitie5 48.227 48,227 5.600 5.600 Total for 2025 53.827 5i.827 Total for 2024 59,306 59.i06 4 Income from other trading activities Unr¢stricted fund5 General Total funds Total for 2025 Total for 2024 908 908 5 Expenditure on raising funds Alloeited support Costs Total costs Costs of generaiing donations and legaGies Total for 2025 51,728 51,728 51.728 51.728 Tot81 for 2024 48.046 48,046 Page 14
Grace Community Church Ureland) Limited Notes to the Financial Stat¢n)ents for the Year Ended 30 September 2025 6 Expendlture on charitabl¢ activiti¢5 Unrestricted funds General Total funds Note Governance costs 1.518 Total for 2024 1,244 1,244 In addition to the expenditure analy5ed above. there are also govern8n¢e costs of £1,518 12024 - £1,244) which relate direGtly to charitable activities. See Dote 7 for fijrther details. Page 15
Grgee Community Church (Ireland) Limited Notes to the Financial Statements for the Year Ended 30 September 2025 7 Analy5]5 of goveTnanee and 51EPPOrt costs Support eo$ts alloeated to ralsing funds Finance costs Information Administration teehnology costs Totgl funds Basis of allocstion Cosis of g¢nerating donations and legacies 379 291 22,207 22.877 Total for 2025 379 291 22,207 22,877 Total for 2024 356 75 32,696 33.127 Gov¢rnanc¢ co$t$ Unrestricted fund$ General Totsl funds Independeni examiner fees Exarnination of the financial statements Legal fees 762 756 762 756 Tot#1 for 2025 1,518 Totgl for 2024 1,244 1.244 8 T#xatlon The charity is a registered charity and is theT¢fore exempt from taxation. Page 16
Graee Community Church (Ireland) Limited Notes to the Financial Statements for the Year Ended 30 September 2025 9 Tgngible fixed assets Furniture and equipment Total Cost At l October 2024 Additions 8.879 7,562 8,879 7,562 At 30 September 2025 16.441 16,441 Depreciation At l October 2024 Charge for the year 4.166 2,401 4,166 2.40 AI 30 September 2025 6,567 6.567 Net book value At 30 Sept¢mber 2025 9.874 9,874 At 30 September 2024 4,713 4,713 10 Cash cash equivalents 2025 2024 Cash at bank 53.806 38,624 I I Creditors: arnounts f311ing due within one year 2025 Trade creditors Defed income 762 19.000 19.762 Page 17
Grace Community Church Ureland) Limited Notes to the Financial Statements for the Year Ended 30 September 2025 12 Funds Balance it 30 September 2025 Balance at I October 2024 Incoming resources Resourees expended Unrestricted funds General 43,337 53,827 (53.2461 43,918 Balance #t 30 September 2024 Balance at I October 2023 IN¢oming resource5 Resources expended Unre$trict¢d funds General 32,413 60,214 149.2901 43,337 13 Analysis of Net assets between funds Vnrestrrcted funds GeneTg1 Total funds at 30 September 2025 Tangible fixed assets Current assets Current liabilities 9,874 53,806 119,7621 9,874 53,806 {19.762) Total net assets 43.918 43,918 Unrestricted funds G¢n¢r91 Total funds gt 30 SepteMr 2024 Tangible fsxed assets Current a55ets 4,713 38,624 4.713 38,624 Total net assets 43,337 43.337 Page 18
Grnce Community Church (Ireland) Limited Notes to the Financial Statements for the Year Ended 30 September 2025 14 Analysis of net funds At30 September 2025 At l O¢tober 2024 Fin9ncing cash flows Cash at bank and in hand 38,624 15,182 53.806 Nei debt 38,624 15.182 53.806 At30 September 2024 At l October 2023 FinAneing eash t]ow5 Cash at bank and in hand 26.776 11.848 38.624 Net debt 26,776 11.848 38.624 Page 19