REGISTERED COMPANY NUMBER: NI612550 (Northern Ireland)

REGISTERED CHARITY NUMBER: 101897

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Grace Generation

(A Company Limited by Guarantee)

Page

Report of the Trustees

1

to

4

Independent Examiner's Report

5

to

6

Statement of Financial Activities

7

Balance Sheet

8

to

9

Notes to the Financial Statements

10

to

18

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

This was our third year using the premises, formerly 'The Coach' Nightclub, and our second year with the building being fully utilised. The buildings accommodate the various Church Ministries and Community outreaches very well.

Church attendance on Sundays has remained steady this year as has our fortnightly Connect Groups.

Our Youth and Children's work have grown considerably and continued to thrive. We are grateful to the leaders and volunteers who demonstrate a real heart to see the kids and young people flourish in faith and in life in general.

'The Storehouse' Foodbank and 'The Bridge Pantry' (Social Supermarket) continue to be busy and are supported by an excellent team of staff and volunteers. Both are well supported by other churches, schools and businesses in the town and we are very grateful for their ongoing assistance. The Foodbank and The Pantry continue to enjoy an excellent working relationship with both the other Foodbanks in the area and our local ABC Council.

Our Coffee House, called 'Cove & Co', opened in mid-April 2024 after considerable work had taken place to renovate and decorate the premises. It sits on the main street and is easily accessible for all. It is a wonderful space, has had great reviews since it opened and has been well supported by the community.

The leadership structure for Grace Generation continued to adapt and develop according to new needs. This involved changes at Board level, various leadership roles and the consolidation of the 'External Spiritual Oversight'.

Again, we have been blessed by God's amazing provision in every way. Having the larger premises has allowed the work to grow and develop. Finances are in a healthy state and we are thankful for how God has blessed the work this past year. We look forward to the new season with expectation and faith, believing that God will continue to bless the ongoing work and ministries of Grace Generation.

Public benefit

1) The advancement of the Christian faith. The proclamation and furtherance of the Gospel of God concerning His Son, the Lord Jesus Christ, and the preaching and teaching of the Word of God in accordance with the Statement of Faith, is approved by the members from time to time. The direct benefit which flows from this purpose is that people's lives are changed for the better in terms of personal well-being, having a sense of belonging and purpose in life. These benefits are evidenced through visible results of lives transformed and people living with purpose and destiny and finding areas to serve others. No harm or possibility of harm flows from this purpose. The charity's beneficiaries are all members of the wider community, babies, children, youth and adults of all ages. There is no private benefit flowing from this purpose.

2) The relief of any person who is in charitable need. The direct benefit which flows from this purpose is that people with physical, emotional and spiritual needs will be supported and given help. These benefits will be evidenced through practical help given and spiritual counsel offered resulting in improved circumstances and transformed lives. No harm or possibility of harm flows from this purpose. The charity's beneficiaries are all members of the wider community, babies, children, youth and adults of all ages. There is no private benefit flowing from this purpose.

3) The promotion of education for the public benefit. The direct benefit which flows from this purpose is improved knowledge and life skills from teaching the Word of God and biblical principles which affect all areas of life. The benefits will be evidenced through regular teaching at church and through our Evening College, resulting in individuals having improved knowledge and understanding of the Word of God and out working this in a practical way. No harm or possibility of harm flows from this purpose. The charity's beneficiaries are all aspects of the wider community, babies, children, youth and adults of all ages. There is no private benefit flowing from this purpose.

4) Such other charitable purposes as are recognised as such under the laws of Northern Ireland consistent with the object set out in purpose (1) above. The direct benefit which flows from this purpose is the provision to develop existing charitable purposes and future charitable purposes which will benefit individuals resulting in transformed lives and the ability to further help those in need in our society and beyond. These benefits will be evidenced through new opportunities to reach out and help people in various forms of need, resulting in improved circumstances and transformed lives. No harm or possibility of harm flows from this purpose. The charity's beneficiaries are all members of the wider community, babies, children, youth and adults of all ages.

The trustees confirm that they have complied with the duties to have regard to the Charity Commission Northern Ireland guidance on public benefit.

FINANCIAL REVIEW

Financial position

The charity has made a Surplus in the year of £6,669 (2024 Loss of £7,459) on its unrestricted fund and a Surplus of £46,220 (2024 Loss of £18,713) on its restricted funds.

Reserves policy

The unrestricted reserves of £5,258 (2024 -£1,411) are improving and deemed sufficient to meet the working capital requirements of the charity. The strategy is to build reserves through operating surpluses. The restricted building reserves of £77,223 (2024 £22,881) is to be used to purchase or renovate a property for the charity in the future, the restricted foodbank reserves of £20,429 (2024 £31,897) is to be used for providing a foodbank to the community and the youth reserve of £3,346 is for future youth-related activities.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

NI612550 (Northern Ireland)

Registered Charity number

101897

Registered office

17-21 Church Square Banbridge

Banbridge

Down

BT32 4AP

Trustees

Ms J Brolly (appointed 31.1.25)

C Logan

Ms K A Mccomb (appointed 31.1.25)

M K Oman

B J Somerville Pastor

Company Secretary

Ms E Bingham

Independent Examiner

S.M. Vint & Company

Chartered Certified Accountants

8 Newry Road

Banbridge

Co. Down

BT32 3HN

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 28 May 2026 and signed on its behalf by:

Ms K A Mccomb - Trustee

I report on the accounts of the company for the year ended 31 August 2025, which are set out on pages seven to eighteen.

Respective responsibilities of charity trustees and examiner

As the charity's trustees (and also the directors for the purposes 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 charity 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

-	follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act

-	state whether particular matters have come to my attention.

Basis of the independent examiner's report

I have examined your charity 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)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.

My role is to state whether any material matters have come to my attention giving me 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

4.	That there is further information needed for a proper understanding of the accounts to be reached.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants which is one of the listed bodies.

I have completed my 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, I have found no matters that require drawing to your attention.

Nigel Davenport FCCA

The Association of Chartered Certified Accountants

S.M. Vint & Company

Chartered Certified Accountants

8 Newry Road

Banbridge

Co. Down

BT32 3HN

28 May 2026

2025

2024

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

3

236,829

136,037

372,866

213,656

EXPENDITURE ON

Charitable activities

4

Sisterhood

-

-

-

249

Compassion

-

-

-

463

Charitable Events

64,423

-

64,423

34,177

Premises Costs

34,049

29,089

63,138

55,126

Repairs & Maintenance

-

586

586

14

Accountancy Fees

1,324

-

1,324

1,116

Ministry & support staff costs

123,497

30,143

153,640

104,949

Donations to missions & charities

508

-

508

7,214

Foodbank

-

35,526

35,526

35,703

Other

832

-

832

817

Total

224,633

95,344

319,977

239,828

NET INCOME/(EXPENDITURE)

12,196

40,693

52,889

(26,172

)

Transfers between funds

13

(5,527

)

5,527

-

-

Net movement in funds

6,669

46,220

52,889

(26,172

)

RECONCILIATION OF FUNDS

Total funds brought forward

(1,411

)

54,778

53,367

79,539

TOTAL FUNDS CARRIED FORWARD

5,258

100,998

106,256

53,367

2025

2024

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

9

3,072

30,874

33,946

40,299

CURRENT ASSETS

Cash at bank and in hand

18,489

72,535

91,024

44,874

CREDITORS

Amounts falling due within one year

10

(6,303

)

(2,411

)

(8,714

)

(17,474

)

NET CURRENT ASSETS

12,186

70,124

82,310

27,400

TOTAL ASSETS LESS CURRENT LIABILITIES

15,258

100,998

116,256

67,699

CREDITORS

Amounts falling due after more than one year

11

(10,000

)

-

(10,000

)

(14,332

)

NET ASSETS

5,258

100,998

106,256

53,367

FUNDS

13

Unrestricted funds

5,258

(1,411

)

Restricted funds

100,998

54,778

TOTAL FUNDS

106,256

53,367

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

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

The financial statements were approved by the Board of Trustees and authorised for issue on 28 May 2026 and were signed on its behalf by:

K A Mccomb - Trustee

1.	STATUTORY INFORMATION

Grace Generation is a private company, limited by guarantee, registered in Northern Ireland. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The Company's registered number and registered office address can be found on the Company Information page.

The financial statements are prepared in sterling the functional currency of the entity rounded to the nearest pound.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

3.	DONATIONS AND LEGACIES

2025

2024

£

£

Donations

312,869

158,755

Gift aid

24,087

23,807

Foodbank

25,071

31,094

Grants

10,000

-

Other

839

-

372,866

213,656

Grants received, included in the above, are as follows:

2025

2024

£

£

Other grants

10,000

-

4.	CHARITABLE ACTIVITIES COSTS

Support

Direct

costs (see

Costs

note 5)

Totals

£

£

£

Charitable Events

64,423

-

64,423

Premises Costs

62,238

900

63,138

Repairs & Maintenance

586

-

586

Accountancy Fees

-

1,324

1,324

Ministry & support staff costs

153,640

-

153,640

Donations to missions & charities

508

-

508

Foodbank

35,526

-

35,526

Other

-

832

832

316,921

3,056

319,977

5.	SUPPORT COSTS

Governanc

costs

£

Premises Costs

900

Accountancy Fees

1,324

Other

832

3,056

6.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025

2024

£

£

Depreciation - owned assets

6,353

14,569

Other operating leases

15,000

4,801

7.	TRUSTEES' REMUNERATION AND BENEFITS

The total amount of remuneration received by trustees and the costs to the employer in the year was nil.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.

8.	STAFF COSTS

The average monthly number of employees during the year was as follows:

2025

2024

Staff

10

7

No employees received emoluments in excess of £60,000.

9.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

fittings

Totals

£

£

£

COST

At 1 September 2024 and 31 August 2025

94,743

57,792

152,535

DEPRECIATION

At 1 September 2024

73,097

39,139

112,236

Charge for year

4,329

2,024

6,353

At 31 August 2025

77,426

41,163

118,589

NET BOOK VALUE

At 31 August 2025

17,317

16,629

33,946

At 31 August 2024

21,646

18,653

40,299

10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 12)

2,410

8,824

Trade creditors

2,139

1,489

Social security and other taxes

1,831

4,861

Pension

534

-

Accruals and deferred income

1,800

2,300

8,714

17,474

11.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 12)

-

4,332

Other loans (see note 12)

10,000

10,000

10,000

14,332

12.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year on demand:

Bank loans

2,410

8,824

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

4,332

Other loans - 2-5 years

10,000

10,000

10,000

14,332

13.	MOVEMENT IN FUNDS

Net

Transfers

movement

between

At

At 1.9.24

in funds

funds

31.8.25

£

£

£

£

Unrestricted funds

General fund

(1,411

)

12,196

(5,527

)

5,258

Restricted funds

Building fund

22,881

36,380

17,962

77,223

Foodbank

31,897

(1,220

)

(10,248

)

20,429

Children and youth

-

5,533

(2,187

)

3,346

54,778

40,693

5,527

100,998

TOTAL FUNDS

53,367

52,889

-

106,256

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

236,829

(224,633

)

12,196

Restricted funds

Building fund

65,291

(28,911

)

36,380

Foodbank

35,070

(36,290

)

(1,220

)

Children and youth

35,676

(30,143

)

5,533

136,037

(95,344

)

40,693

TOTAL FUNDS

372,866

(319,977

)

52,889

Comparatives for movement in funds

Net

Transfers

movement

between

At

At 1.9.23

in funds

funds

31.8.24

£

£

£

£

Unrestricted funds

General fund

6,048

(7,556

)

97

(1,411

)

Restricted funds

Building fund

35,901

(14,523

)

1,503

22,881

Foodbank

37,590

(4,093

)

(1,600

)

31,897

73,491

(18,616

)

(97

)

54,778

TOTAL FUNDS

79,539

(26,172

)

-

53,367

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

180,316

(187,872

)

(7,556

)

Restricted funds

Building fund

1,604

(16,127

)

(14,523

)

Foodbank

31,736

(35,829

)

(4,093

)

33,340

(51,956

)

(18,616

)

TOTAL FUNDS

213,656

(239,828

)

(26,172

)

A current year 12 months and prior year 12 months combined position is as follows:

Net

Transfers

movement

between

At

At 1.9.23

in funds

funds

31.8.25

£

£

£

£

Unrestricted funds

General fund

6,048

4,640

(5,430

)

5,258

Restricted funds

Building fund

35,901

21,857

19,465

77,223

Foodbank

37,590

(5,313

)

(11,848

)

20,429

Children and youth

-

5,533

(2,187

)

3,346

73,491

22,077

5,430

100,998

TOTAL FUNDS

79,539

26,717

-

106,256

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

417,145

(412,505

)

4,640

Restricted funds

Building fund

66,895

(45,038

)

21,857

Foodbank

66,806

(72,119

)

(5,313

)

Children and youth

35,676

(30,143

)

5,533

169,377

(147,300

)

22,077

TOTAL FUNDS

586,522

(559,805

)

26,717