Registered number: N1642631 Charity number: NIC 108870 THE GRANGE CHRISTIAN RETREAT LIMITED (A company limited by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
THE GRANGE CHRISTIAN RETREAT LIMITED (A company limited by guarantee) CONTENTS Page Reference and administrative details of the Company, its Trustees and advisers Trustees. report Independent examiner's report Statement of financial activities Income and expenditure account Balance sheet Notes to the financlal statements 10-17
THE GRANGE CHRISTIAN RETREAT LIMITED (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 Trustees Caroline Somerville, Chief Executive Alys Somerville, Trustee May Somerville, Trustee Company registered number N1642631 Charity registered number NIC 108870 Ragisterèd offica 123 Stramore Road, Craigavon, BT63 5JZ Accountants UHY Hacker Young Fitch, Suite 2.06, Custom House, Custom House Square, Belfast, BT13ET Page 1
THE GRANGE CHRISTIAN RETREAT LIMITED (A company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present their annual report together with the financial statements of the The Grange Christian Retreat Limited for the 1 January 2023 to 31 December 2023. The Annual report serves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted. Objectives and activities a. Policies and objectives The Grange Christian Retreat Limited (The Grange) is established for the following Charitable objectives: 1. The advancement and promotion of the Christian faith for the benefit of the public in Northern Ireland and throughout the United Kingdom. 2. The advancement of education for the benefit of the public in accordance with the charity's Christian beliefs in Northern Ireland and throughout the United Kingdom. 3. The relief of those in need for the benefit of the public by reason of youth, ill-health, disability, financial hardship or other disadvantage in Northern Ireland and throughout the United Kingdom. b. Strategles for achlevlng objectlvas .Provision of a venue for running and organising Christian day retreats, including use of a biblical garden for spiritual contemplation and provision of a venue for pasloral care and restoralion. .Running and organising Christian day retreats and providing p8Storal care in association with Christian leaders and attendees. .Provision of valuable venue space for running Bible studies and learning, and to educate the beneficiaries in furtherance of the Christian f8lth. .Provision of a study-space for sermon and other writing including use of a biblical garden. .Running and organising Bible studies in association with Christian leachers and educators. .Provision of a space for those in need of physical, mental and spiritual rest 2nd peace. .Facilitation of social and horticultural therapy for physical, mental and spiritual health benefits. .The running of two types of horticultural therapy.. Active Gardening Therapy and Passive Gardening Therapy c. Activities undertaken to achieve objectives During the year The Grange continued to invest in building its core infastrastructure through continued works on the Biblical Garden and the venue and facilities needed to host groups for Christian day retreats, and was pleased to welcome its first visitors to the Biblical Garden during the year This includes provision of a space for Bible studies and learning and for horticultural therapy as part of the charitable objectives. Page 2
THE GRANGE CHRISTIAN RETREAT LIMITED (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Achievements and performance a. Main achievements of the Company The Trustees view The Grange as a non-denomintiational Christian retreat ntre. Furthering the aims, objects and work of the Christian faith is central to the The Grange's values and ethos and The Trustees wish to see that the centre is utilised as a venue by a wide range of stskeholders especially those in need. During the year we continued to invest in our core offering and build relationships with groups and organisations we feel we could offer our services to. The Trustees are willing to work with and provide assistance and services to any similar charitable organisation. Financial review a. Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, Ihey continue to adopt the going concern basis in preparing the financial statements. Further delails regarding the adoption of the going concern basis can be found in the accounting policies. b. Reserves pollcy The Trustees assess the level of reserves on a continual basis to ensure that they are able to meet any commitments that could easily arise. Structure, governance and management a. Constitution The Grange is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association dated 9th December 2016. The most recent Articles of Association were adopted on 19th April 2021. The Grange is registered with the Charity Commission for Northern Ireland under number NIC108870 and accepted by HMRC as a charity under number N101240. b. Methods of appointment or election of Trustees The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association. Page 3
THE GRANGE CHRISTIAN RETREAT LIMITED (A company limited by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Structure, governance and management {continued) c. Organisational structure and decision-making policies The Board of Trustees are responsible for all aspects of corporate governance within the company. They meet a minimum of four times a year to define and agree strategic priorities for the charity, monitor progress and review the resources available to sustain the company. The day to day running of the charity is carried out by the Caroline Somerville. The board continues to regularly review any major risks arising from or impacting on the activities of the charity. The Trustees are satisfied that the major risks identified have been adequately mitigated where necessary and consider that the financial systems and controls in place are appropriate to the size of the charity and the nature of its operations. A formal risk analysis covering all areas of The Grange is in the process of being carried out which will enable the board to better identify and implement reporting and controls for relevant risks. Members. liability The Members of the Company guarantee to contribute an amount not exceeding £1 to the assets of the Company in the event of winding up. Statement of Trustees. responsibilities The Trustees (who are also the directors of the Company for the purposes of company lawl are responsible for preparing the Trustees, report and the financial stalements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial Under company law, the Truslees musl nol approve the financial stalements unless they are satisfied that they give a true and fair view of the slate of affairs of Ihe Company and of ils incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP IFRS 1021., make judgments and accounting estimates that are reasonable and prudent- state whether applicable UK Accounting Standards (FRS 1021 have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees on 17 October 2024 and signed on their behalf by.. Caroline Somer¥ille (Chair of Trustees) Page 4
THE GRANGE CHRISTIAN RETREAT LIMITED (A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Independent examinerfs report to the Trustees of The Grange Christian Retreat Limited I report on the financial statements of the company for the year ended 31 December 2023 which are set out on pages 7 to 17. Respective responsibilities of charity Trustees and examiner As the companys trustees (and also the directors of the company for the purpose of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the company is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to.. examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008. follow the procedures laid down in the general Directions given by the Commission under section 65191{b) of the Charities Act., and state whether particular matters have come to my attention. Basis of Sndependent examiner's statement I have examined your company accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65{9)Ibl of the Charities Act. My examination included a review of the accounting records kept by the company and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as company trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe.. that accounting records were not kept in 8ccordance with section 386 of the Companies Act 2006; that the accounts do not accord with those accounting records., that the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)- that there is further information needed for a proper understanding of the accounts to be reached. Independent examinerfs statement I have completed my examination and have no concerns in respect of the matters (11 to14) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. This report is made solely to the company's Trustees, as a body, in accordance with section 6513)(a) of the Charities Act (Northern Ireland} 2008 and regulations made under section 66 of that Act. My work has been undertaken so that I might state to the company's Trustees those matters l am required to state to them in an Independent examinerfs report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report. Page 5
THE GRANGE CHRISTIAN RETREAT LIMITED (A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Signed.. Dated.. 17 October 2024 Michael Fitch Chartered Accountants Ireland UHY Hacker Young Fitch Suite 2.06 Custom House Custom House Square Belfast BT1 3ET Page 6
THE GRANGE CHRISTIAN RETREAT LIMITED (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted funds 2023 Total funds 2023 Total funds 2022 Note Income from: Donations and legacies 6,325 6,325 11,313 Total income 6,325 6,325 11,313 Expenditure on: Charitable activities 10,054 10,054 13,256 Total expendlture 10,054 10,054 13,256 Net movement in funds (3,729) {3,729) (1,943) Reeonclllatlon of funds: Total funds brought forward Net movement in funds (108,991) (3,729) (108,991) (3,729) (107,048) (1,943) Total funds carriad forward (112,720) (112,720) (108,997) The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 10 to 17 form part of these financial statements. Page 7
THE GRANGE CHRISTIAN RETREAT LIMITED (A company limited by guarantee) SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Total funds 2023 Total funds 2022 Note Gross income in the reporting period Less- Total expenditure 6,325 (10,054) 11,313 (13,256) Net expenditure for the reporting period (3,729) (1,943) The notes on pages 10 to 17 form part of these financial statements. Page 8
THE GRANGE CHRISTIAN RETREAT LIMITED (A company limited by guarantee) REGISTERED NUMBER: N1642631 BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Note Fixed assets Tangible assets 11,553 15,961 11.553 15,961 Current assets Cash at bank and in hand 882 203 882 203 Net current assets 882 203 Total assets less current liabilities 12,435 16,164 Creditors: amounts falling due after more Ihan one year {125,155) (125, 155) Net liabilities excluding pension asset {112,720> (108,991) Total net assets {112,720) (108,991) Charity funds Restricted funds Unrestricted funds {112,720) (108,991) Total funds 1112,720) (108,991) The Company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounling records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to Ihe small companies regime. The financial slatements were approved and authorised for issue by the Trustees on 17 October 2024 and signed on their behalf by.. 7n6Y4/JE Caroline Somerville (Chair of Trustees) The notes on pages 10 to 17 form part of these financial statements. Page 9
THE GRANGE CHRISTIAN RETREAT LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 General information The Grange Christian Retreat Limited is a limited company, registered in Northern Ireland under number N1642631. The companys registered office is 123 Stramore Road, Craigavon, Northern Ireland, BT63 5JZ. The company is a registered charity and its principal operating activities are disclosed in the Trustees, Report. Accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charities: Stalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 and the Companies Act 2006. The Grange Christian Retreat 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 otherwise stated in the relevant accounting policy. 2.2 Income All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. 2.3 Expendlture Expenditure is recognised once Ihere is a legal or constructive obligation to Iransfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Companys objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.4 Tangible fixed assets and depreciation Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Page 10
THE GRANGE CHRISTIAN RETREAT LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (continued) 2.4 Tangible fixed assets and depreciation (continued) Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis: Biblical garden Fixtures and fittings Assets under construction 10% 20% 2.5 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.6 Llabilities and provisions Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount il has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted al the pre-tax discount rate that reflecls the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financi81 activities as a finance cost. 2.7 Flnancial instruments The Company only has fin8nci818ssets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at trans8Ction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.8 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes. Income from donations and legacies Unrestricted funds 2023 Total funds 2023 Donations 6,325 6,325 Page11
THE GRANGE CHRISTIAN RETREAT LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Income from donations and legacies (continued) Unrestricted funds 2022 Total funds 2022 Donations 11,313 11,313 Analysis of expenditure on charitable activities Summary by fund type Unrestricted funds 2023 Total 2023 Advancement of the Christian Faith 10,054 10,054 Unrestrictsd funds 2022 Tot81 2022 Advancement of the Christian Faith 13,256 13,256 Analysls of expendlture by actlvltles Actlvltles undertaken dlrectly 2023 Support costs 2023 Total funds 2023 Advancement of the Christian Faith 4,904 5,150 10,054 Page 12
THE GRANGE CHRISTIAN RETREAT LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analysis of expenditure by activities {¢ontinued) Activities undertaken directly 2022 Support costs 2022 Total funds 2022 Advancement of the Christian Faith 4,973 8,283 13,256 Independent examinèr's rèmuneration 2023 2022 Fees payable to the Companys independent examiner for the independent examination of the Company's annual accounts Fees payable to the Companys independent examiner in respect of.. All other services not included above 1,500 1,440 1,500 1,440 Trusta8s' rémunèration and axpansas During tha year, no Trustees received any remuneration or other benefits (2022 - £NIL). During the year ended 31 December 2023, no Trustee expenses have been incurred (2022- £NIL). Page13
THE GRANGE CHRISTIAN RETREAT LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Tangible fixed assets Assets Biblical Fixtures and under Garden fittings construction Total Cost or valuation At 1 January 2023 Additions 16,948 16,392 2,920 495 36,260 495 At 31 December 2023 16,948 16,392 3,415 36,755 Depreciation At 1 January 2023 Charge for the year 6,839 1,695 13,460 2,875 20,299 4,904 334 At 31 December 2023 8,534 16,335 334 25,203 Net book value At 31 December 2023 8,414 57 3,081 11,552 At 31 December 2022 10,109 2,932 2, 920 15,961 Creditors: Amounts falling due after more than one year 2023 2022 Other creditors 125,155 125,155 10. Financial instruments 2023 2022 Financial assets Financial assets measured at fair value through income and expenditure 883 203 Financial assets measured at fair value through income and expenditure comprise cash at bank. Page 14
THE GRANGE CHRISTIAN RETREAT LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Statement of funds Statement of funds - current year Balance at 31 December 2023 Balance at 1 January 2023 Income Expenditure Unrestricted funds General Funds - all funds (108,991) 6,325 {10,054) (112,720) Page15
THE GRANGE CHRISTIAN RETREAT LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Statement of funds (continued) Statement of funds - prior year 8alanGe at 31 December 2022 Balance at l January 2022 Income Expenditure Unrestricted funds General Funds - all funds (107,048) 11,313 (13,256) (108,991) 12. Summary of funds Summary of funds - current year Balance at 31 December 2023 Balance at 1 January 2023 Income Expendltur6 General funds {108,991) 6,325 {10,054) (112,720) Summary of funds - prlor year Balance at 31 December 2022 Balance at q January 2022 Income Expenditure General funds (107,048) 11,313 (13, 256) (108,991) Page 16
THE GRANGE CHRISTIAN RETREAT LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 13. Analysis of net assets between funds Analysis of net assets between funds - current year Unrestricted funds 2023 Total funds 2023 Tangible fixed assets Current assets Creditors due in more than one year 11,553 11,553 883 883 1125,155) {125,155) Total 1112,720) {112,720) Page 17