ACCOUNTS - Final Accounts preparation

Registered number: NI644834

Charity number: 106901

Bethesda Grace

(A Company Limited by Guarantee)

Unaudited

Trustees' Report and Financial Statements

For the Year Ended 31 March 2025

Bethesda Grace

(A Company Limited by Guarantee)

Contents

	Page
Reference and Administrative Details of the Company, its Trustees and Advisers	1
Trustees' Report	2 - 4
Independent Examiner's Report	5 - 6
Statement of Financial Activities	7
Balance Sheet	8
Notes to the Financial Statements	9 - 13

Bethesda Grace

(A Company Limited by Guarantee)

Reference and Administrative Details of the Company, its Trustees and Advisers

For the Year Ended 31 March 2025

Trustees	Rev Robert McCrea, Trustee
	Steven Johnston, Trustee

Company registered number

NI644834

Charity registered number

106901

Registered office

37 Carmean Road

Magherafelt

Londonderry

BT45 5HU

Chief executive officer

Steven William Johnston

Independent Examiners

Sumer Accountants NI Ltd

Glendinning House

6 Murray Street

Belfast

BT1 6DN

Page 1

Bethesda Grace

(A Company Limited by Guarantee)

Trustees' Report

For the Year Ended 31 March 2025

The Trustees present their annual report together with the financial statements of the Company for the year to 31 March 2025. 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).

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

Our charity’s purposes, as set out in the objects contained in the Company’s Memorandum and Articles of
Association, are:
- the advancement of health and saving lives to raise awareness and promote the prevention, diagnosis, relief,
understanding and treatment of addiction, substance abuse or other abuses for the benefit of all those suffering
from or who may whether, directly or indirectly in any way, be affected by same and to promote such activities as may lead to widespread understanding of the nature, causes and effects and incidence of addiction and
substance abuse, within a Christian ethos; and
- the relief of those in need by providing an affordable residential supported housing unit for those recovering
from addictions, offering support to help an individual from drug and alcohol addictions through to an
independent drug free life, transitioned back into the community in employment or education.

b. Activities undertaken to achieve objectives

There was limited activity in the year as the Charity intends to close in 2025.

Achievements and performance

a. Performance

The Charity's surplus brought forward was £8,360 with incoming resources from donations in the year being £80 and total expenditure amounting to £7,494 resulting in a total surplus carried forward of £946.

Page 2

Bethesda Grace

(A Company Limited by Guarantee)

Financial review

a. Going concern

As noted elsewhere in this report the Charity intends to close in 2025. Therefore, the financial statements have not been prepared on a going concern basis as set out in Note 2.

b. Reserves policy

It is the responsibility of Trustees to ensure surpluses accrued are allocated and used appropriately. Such amounts set aside are used for purposes that secure the long term viability of the organisation and further our objectives, helping to improve the lives of the people we support.

Structure, governance and management

a. Constitution

Bethesda Grace was established on 28 March 2017. We have a Memorandum of Association which established our objects and powers and we are governed under its Articles of Association. We are a company limited by guarantee and are a registered charity with HMRC (NI644834) and the Charity Commission NI (CCNI 106901). The address of the company’s registered office, which is also its principal address, is given on page 1.

b. Methods of appointment or election of Trustees

The governing body is the Board of Trustees whose members are also directors for the purposes of company law. Members of the Board of Trustees are elected by other Trustees and have responsibility for ensuring that the charity is performing well, is solvent and complies with all its obligations. No person other than a trustee retiring by rotation may be appointed a Trustee at any general meeting unless:
- he or she is recommended for re-election by the Trustees; or
- not less than fourteen or more than thirty-five clear days before the date of the meeting, the charity is given a notice that:
- is signed by a member entitled to vote at the meeting;
- states the member’s intention to propose the appointment of a person as a Trustee;
- contains the details that, of the person were to be appointed, the Charity would have to file at Companies House; and
- is signed by the person who is to be proposed to show his or her willingness to be appointed.

c. Organisational structure and decision-making policies

The Board was comprised of 2 Trustees during the year. The Board of Trustees are listed on page 1.
Members of the Board of Trustees receive no remuneration. Where claimed, expenses are reimbursed.

d. Future Plans

The Trustees have decided to close the Charity in 2025 as a result of difficulties in securing donations to support the Charity’s work. All liabilities will be settled prior to the Charity’s closure and any remaining assets will be donated to another charity who share our mission to support the homeless and those struggling with addiction.

Page 3

Bethesda Grace

(A Company Limited by Guarantee)

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements 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 Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its 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 (FRS 102);

∙make judgments and accounting estimates that are reasonable and prudent;

∙state whether applicable UK Accounting Standards (FRS 102) 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 23 December 2025 and signed on their behalf by:

Rev Robert McCrea

Trustee

Steven Johnston

Trustee

Page 4

Bethesda Grace

(A Company Limited by Guarantee)

Independent Examiner's Report

For the Year Ended 31 March 2025

Independent Examiner's Report to the Trustees of Bethesda Grace

We report on the financial statements of the company for the year ended 31 March 2025 which are set out on pages 7 to 13.

Respective Responsibilities of charity Trustees and Examiner

As the company's 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 ourselves that the company is not subject to audit under company law, and is eligible for independent examination, it is our 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 65(9)(b) of the Charities Act; and

∙state whether particular matters have come to our attention.

Basis of Independent Examiner's Statement

We have examined your company accounts as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act.

Our 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.

Our role is to state whether any material matters have come to our attention giving us cause to believe:

1.	that accounting records were not kept in accordance with section 386 of the Companies Act 2006;
2.	that the accounts do not accord with those accounting records;
3.	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);
4.	that there is further information needed for a proper understanding of the accounts to be reached.

Page 5

Bethesda Grace

(A Company Limited by Guarantee)

Independent Examiner's Report (continued)

For the Year Ended 31 March 2025

Independent Examiner's Statement

We have completed our examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, we 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 65(3)(a) of the Charities Act (Northern Ireland) 2008 and regulations made under section 66 of that Act. Our work has been undertaken so that we might state to the company's Trustees those matters we are required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for our work or for this report.

Signed: Dated: 23 December 2025

Amanda McMaw FCA

Independent Examiners

Sumer Accountants NI Ltd

Glendinning House

6 Murray Street

Belfast

BT1 6DN

Page 6

Bethesda Grace

(A Company Limited by Guarantee)

Statement of financial activities (incorporating income and expenditure account)

For the Year Ended 31 March 2025

	Unrestricted funds 2025	Total funds 2025	Total funds 2024
Note	£	£	£

Income from:
Donations and legacies	3	80	80	14,834
Total income		80	80	14,834

Expenditure on:
Charitable activities	4	7,494	7,494	10,391
Total expenditure		7,494	7,494	10,391

Net movement in funds

(7,414)

4,443

Reconciliation of funds:
Total funds brought forward	8,360	8,360	3,917
Net movement in funds	(7,414)	(7,414)	4,443
Total funds carried forward	946	946	8,360

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 9 to 13 form part of these financial statements.

Page 7

Bethesda Grace

(A Company Limited by Guarantee)

Registered number: NI644834

Balance Sheet

As at 31 March 2025

			2025		2024
	Note		£		£


Current assets
Debtors	7	-		4,605
Cash at bank and in hand		4,885		4,895
		4,885		9,500
Current liabilities
Creditors: amounts falling due within one year	8	(3,939)		(1,140)
Net current assets			946		8,360
Total net assets			946		8,360

Charity funds
Unrestricted funds	9	946	8,360
Total funds		946	8,360

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 accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 23 December 2025 and signed on their behalf by:

Rev Robert McCrea Trustee	Steven Johnston Trustee
The notes on pages 9 to 13 form part of these financial statements.

Page 8

Bethesda Grace

(A Company Limited by Guarantee)

Notes to the Financial Statements

For the Year Ended 31 March 2025

1.Accounting policies

1.1

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: 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) and the Companies Act 2006.

Bethesda Grace 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.

1.2

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.

1.3

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer 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 on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

1.4

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.5

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.

1.6

Liabilities 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 it 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 at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

Page 9

Bethesda Grace

(A Company Limited by Guarantee)

Notes to the Financial Statements

For the Year Ended 31 March 2025

1.Accounting policies (continued)

1.7

Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

1.8

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.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

2.	Going Concern

The Trustees intend to close the Charity in 2025 as a result of difficulties in securing donations to support the charity’s work. The Trustees have therefore determined that it is no longer appropriate to prepare the financial statements on a going concern basis. There is no impact to the carrying value of the Charity’s assets and liabilities at 31 March 2025 arising from the proposed closure.

Page 10

Bethesda Grace

(A Company Limited by Guarantee)

Notes to the Financial Statements

For the Year Ended 31 March 2025

3.	Income from donations and legacies

		Unrestricted funds 2025	Total funds 2025
		£	£


	Donations	80	80


			Unrestricted funds 2024	Total funds 2024
			£	£


	Donations	14,834	14,834

4.	Analysis of expenditure on charitable activities
	Summary by fund type

		Unrestricted funds 2025	Total 2025
		£	£


Accountancy Fees	2,800	2,800
Bank Fees	89	89
Unclaimed Gift Aid Write Off	4,605	4,605
	7,494	7,494


			Unrestricted funds 2024	Total 2024
			£	£


Donations to New Hope Residential Centre	8,000	8,000
Accountancy fees	2,280	2,280
Bank fees	111	111
	10,391	10,391

Page 11

Bethesda Grace

(A Company Limited by Guarantee)

Notes to the Financial Statements

For the Year Ended 31 March 2025

5.	Independent examiner's remuneration
		2025	2024
		£	£

Fees payable to the Company's independent examiner for the independent examination of the Company's annual accounts

2,004

1,140

6.	Trustees' remuneration and expenses
	During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).

During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL).

7.	Debtors
		2025	2024
		£	£


Due within one year
Prepayments and accrued income	-	4,605
	-	4,605

8.	Creditors: Amounts falling due within one year
		2025	2024
		£	£


	Accruals	3,939	1,140

Page 12

Bethesda Grace

(A Company Limited by Guarantee)

Notes to the Financial Statements

For the Year Ended 31 March 2025

Statement of funds

Statement of funds - current year
	Balance at 1 April 2024 £	Income £	Expenditure £	Balance at 31 March 2025 £
Unrestricted funds

General Funds - all funds

8,360

(7,494)

946

Statement of funds - prior year
	Balance at 1 April 2023 £	Income £	Expenditure £	Balance at 31 March 2024 £
Unrestricted funds

General funds - all funds

3,917

14,834

(10,391)

8,360

10.	Related party transactions

During the year there were no transactions with related parties.

Page 13