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 o￿lter$
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 f￿11]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$tew' Report
Ststement of irn¥trw' responslbllltlt4
The M￿t¢¢5 (who art also the directOTS of Grace Community Church (Irelandl Limttod forthe PUTwes of cvmpJDy
l&w) are re5ponsiTrle fDT PTepllring the trustees, repon Énd the financial ￿&1¢#￿ttts in A¢eord£nee wth applicable18w
nd United Kingdt)m Acco￿ting Standards (United Kingdom Generally AcGept¢d Arteuntins Pra¢ticeX in¢lBding
FRS 102 TrFiTwKis1 Reportinz Sw)dard applicable in the UK Republlcof Ile]￿d°.
Cgmparty law Tequires the trwttts to Prep￿ fin8n¢ial ststetnellts for cath fm8n¢ial year. Under law the
siees must not ￿PrOVe thE fm￿¢587 5¢w¢m¢nts unless th¢y ore satisfi￿ that they 8iV? i uue end fETrvi¢w of the
ate of atTaiT5 of the thaTStabl¢ wrnpany and of the tncomiDg r¢X$Ur￿ 8nd applicabon of re5QUTW includtng its
incom¥ and ¢xwditUTA of the ch*itsble 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 re￿Trable 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 in*ppropriat¢ to that th#
th*ritsble comp8Dy will continue in busines5.
ThclrTJSttts aTe responsible forkttping prow acwurrting reGord5 that m di￿195twlth r¢asonablc ￿ at any
thne the financia] POSitiC*n ofthe cbaritsble eomp2tty attd enable them to ex5ure th4tthE statem￿ts 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¢ respon￿ThI¢ forth¢ mointertgt*c¢ and i#twty of the co4)ornte and fmanLi81 infO￿th 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 ￿Tr￿al ryo
o¥edbythetsYstees tsfthe chaTityOn S Jun¢ 2026 ondsigned oll its beh41fby.
l¢Willi￿1 Gall￿a

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
Crnlitt*T& 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¢ comp￿1¢$ Act2006 r￿￿IngtO 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¢ tH￿t¢s, wrthtsTis¢d for is¥R on S Jrnie 2026
d 8iwd on
M¥N
iJlithi GaTI￿d
The*0ts5 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 cOntrib￿e 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
Defe￿d 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 SepteM￿r
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