THE JUNCTION PROJECT (BRISTOL) CHARITABLE TRUST
REPORT AND ACCOUNTS FOR THE PERIOD
TO
31 DECEMBER 2023
Charity Number: 1110481
THE JUNCTION PROJECT (BRISTOL) CHARITABLE TRUST LEGAL AND ADMINISTRATIVE DETAILS FOR THE PERIOD TO 31 DECEMBER 2023
TRUSTEES Adam Rutherwood Lisa Jane Dady Louise Gregory Alex Hoyle ADDRESS 408 Speedwell Road Speedwell Bristol BS15 1ES CHARITY NUMBER 1110481 BANKERS HSBC Bank plc 760 Fishponds Road Fishponds Bristol BS16 3UD INDEPENDENT EXAMINER Lucy Pinnock MA MSc FCCA 28 Bramall Lane Stafford Staffordshire ST16 1JD
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THE JUNCTION PROJECT (BRISTOL) CHARITABLE TRUST TRUSTEES’ REPORT FOR THE PERIOD TO 31 DECEMBER 2023
CONSTITUTION
The Junction Project Charitable Trust (The Junction) is governed by a Declaration of Trust dated 30[th] December 2004 as amended by a Supplemental Deed dated 14[th] June 2005.
MISSION STATEMENT
Providing a safe and supportive environment for those whose lives have been affected by addiction. Enabling the move from dependence to independence.
ANNUAL REPORT 2023
Hello everyone
I would like to begin with the encouraging news that the Junction Project is being recommissioned in April of next year to once again serve this great city of Bristol and the people who reside here.
That said, there is still a great deal of uncertainty for all related services – indeed, all or any service with the Local Authority, with three out of four Housing Pathways due to be taken ‘in-house’ by the Local Authority. This leaves just Pathway Four, which we have been a part of for many years. The Junction Project continues to punch well above its weight, doing what it does best: providing firstrate support to those who desperately need it, supporting men and women in our community to turn their lives around, into something more purposeful and productive.
When focussed with this task, the plight of the families and loved ones of those we support becomes all too apparent. Their pain and experience of addiction is just as intense as those we directly serve. We often hear from a family member, following a new admission, that it will have been the first good night’s sleep they may have had for many months, believing that the dreaded phone call or knock on the door was destined for them. We know this is devastatingly all too common for those with a family member in the grip of an addiction.
Conversely, their relief is palpable, as is their gratitude, when a loved one arrives into our service ; the relationships being rebuilt bear testimony to the support, skill and guidance the team continue to deliver to those in our charge. Thankfully, here in Bristol we have several partner agencies providing specific support for those family members when they so desperately need it.
With regard to our short to mid term future, as with previous years there will be the inevitable challenges and uncertainties (some mentioned above), but as ever it will be our resourcefulness as much as our resources that will see us through. We witness first hand, on a daily basis, just what a difference our organisation makes to those we serve and from the feedback we receive from the wider community, the Junction Project has clearly had a positive impact on supported housing as a whole.
As always, no report is complete without a heartfelt thank you to all of our volunteers, staff, trustees, commissioners and stakeholders for their continued support, without which the delivery of these vital services would be impossible. It enables us to remain committed to improving the lives and outcomes of our service users, their families and the wider community.
Adam Rutherwood Chair – Board of Trustees
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THE JUNCTION PROJECT (BRISTOL) CHARITABLE TRUST TRUSTEES’ REPORT FOR THE PERIOD TO 31 DECEMBER 2023
RESERVES POLICY
It is the intention of the Trustees that the freely available reserves of the charity should be accumulated up to a level sufficient to ensure the continuance of its activities, should there be an unexpected short-term adverse fluctuation in income. These freely available reserves are unrestricted funds not committed or invested in tangible fixed assets (ie ‘free reserves). A sufficient level of free reserves would guarantee the continuation of the charity’s activity, while decisions and actions were taken to find other sources of income or reduce the level of a particular activity.
The Trustees consider that an appropriate level of free reserves is approximately three months’ normal expenditure (ie on staffing, lease costs, rent, rates, heat and light and other miscellaneous operating costs). This equates to approximately £213,677. At 31 December 2023 there was a total of £183,960 of funding freely available for general purposes.
TRUSTEES INDUCTION AND TRAINING
Trustees are elected in accordance with the terms of the Trust’s Constitution. Upon election, they are provided with an induction and information pack and a skills audit is carried out. They are encouraged to look regularly at the Charity Commission website and encouraged to ask for help where necessary.
RISK MANAGEMENT
The charity has comprehensive risk assessments covering every aspect of its organisation and considers it an ongoing commitment with regular reviews of existing arrangements.
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THE JUNCTION PROJECT (BRISTOL) CHARITABLE TRUST TRUSTEES’ REPORT FOR THE PERIOD TO 31 DECEMBER 2023
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its financial activities for that period. In preparing those financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable it to ensure that the financial statements comply with the constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
STATEMENT AS TO DISCLOSURE OF INFORMATION TO INDEPENDENT EXAMINER
So far as the trustees are aware, there is no relevant information of which the charity’s independent examiner is unaware, and each trustee has taken all the steps that he or she ought to have taken as a trustee in order to make himself or herself aware of any relevant information and to establish that the charity’s independent examiner is aware of that information.
Approved by the Trustees on
and signed on their behalf by: Adam Rutherwood
A Rutherwood
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THE JUNCTION PROJECT (BRISTOL) CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE PERIOD TO 31 DECEMBER 2023
I report on the accounts of the charity for the year ended 31[st] December 2023, which are set out on pages 7-16.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
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Examine the accounts under section 145 of the Charities Act,
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Follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act), and
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To state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity 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 trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
- Which gives me reasonable cause to believe that, in any material respect, the requirements:
oTo keep accounting records in accordance with section 130 of the 2011 Act, andoTo prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
Have not been met; or
- To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed: Lucy Pinnock
Date:
Mrs Lucy Pinnock MA MSc FCCA 28 Bramall Lane Stafford Staffordshire ST16 1JD
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THE JUNCTION PROJECT (BRISTOL) CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD TO 31 DECEMBER 2023
| Note INCOME AND ENDOWMENTS FROM: Donations and legacies: Grants 2 Charitable activities: Rental income Other income Total income and endowments EXPENDITURE Expenditure on charitable activities: Direct costs Support costs 3 3 Expenditure on raising funds: Fundraising Marketing 3 3 Total expenditure NET INCOME/(EXPENDITURE) TRANSFERS BETWEEN FUNDS NET MOVEMENT IN FUNDS Total funds brought forward at 1 January 2023 TOTAL FUNDS CARRIED FORWARD AT 31 DECEMBER 2023 |
Unrestricted £ Designated £ Restricted £ Total 2023 £ Total 2022 £ - - 185,000 185,000 185,000 514,877 700 - - - - 514,877 700 592,734 7,800 |
|---|---|
| 515,577 - 185,000 700,577 785,534 |
|
| 618,664 10,560 40,000 - 185,000 - 843,664 10,560 839,876 10,560 - 486 - - - - - 486 - - |
|
| 629,710 40,000 185,000 854,710 850,436 |
|
| (114,133) (40,000) - (154,133) (64,902) - - - - - (114,133) (40,000) - (154,133) (64,902) 298,093 40,000 - 338,093 402,995 |
|
| 183,960 - - 183,960 338,093 |
There were no recognised gains and losses other than those shown in the above Statement of Financial Activities. The results from the above financial period derive from continuing operations.
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THE JUNCTION PROJECT (BRISTOL) CHARITABLE TRUST BALANCE SHEET AS AT 31 DECEMBER 2023
| Note Fixed assets Tangible fixed assets 5 Current assets Debtors 6 Cash at bank and in hand Current liabilities 7 Net current assets Net Assets Represented by: Restricted funds Designated funds General unrestricted funds Total funds 9 |
2023 £ 2022 £ - - |
|---|---|
| 273,398 59,061 21,233 336,501 |
|
| 294,631 395,562 |
|
| (110,671) (57,469) |
|
| 183,960 338,093 |
|
| 183,960 338,093 |
|
| - - - 40,000 183,960 298,093 |
|
| 183,960 338,093 |
Approved by the Trustees on
And signed on their behalf by A Rutherwood
A Rutherwood
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THE JUNCTION PROJECT (BRISTOL) CHARITABLE TRUST STATEMENT OF CASH FLOWS AS AT 31 DECEMBER 2023
| Notes | 2023 | 2022 | |
|---|---|---|---|
| £ | £ | ||
| Cash provided by operating activities | (a) | (315,268) | (38,729) |
| Cash flows from investing activities: | |||
| Interest income | - | - | |
| Purchase of tangible fixed assets | - | - | |
| Cash provided by/(used in) investing activities | - | - | |
| Cash flows from financing activities: | |||
| Repayment of borrowing | - | - | |
| Increase in cash and cash equivalents in the year | (315,268) | (38,729) | |
| Cash and cash equivalents at the beginning of the year | 336,501 | 375,230 | |
| Cash and cash equivalents at the end of the year | 21,233 | 336,501 | |
| (a) Reconciliation of (Expenditure)/Income to Net Cash from Operating Activities |
|||
| 2023 | 2022 | ||
| £ | £ | ||
| Net income for the period as per SOFA | (154,133) | (64,902) | |
| Decrease/(increase) in debtors | (214,337) | 27,722 | |
| (Decrease)/increase in creditors | 53,202 | (3,636) | |
| Depreciation | - | 2,087 | |
| Net cash provided by operating activities | (315,268) | (38,729) |
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THE JUNCTION PROJECT (BRISTOL) CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD TO 31 DECEMBER 2023
1. ACCOUNTING POLICIES
Basis of accounting
The financial statements have been prepared in accordance with the 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 from 1[st] January 2015 – Charities SORP (FRS 102), and the Companies Act 2006.
In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP (FRS 102) a restatement of comparative items was required.
Taxation
No Corporation Tax is provided for as The Junction Project (Bristol) Charitable Trust, being a charity, is exempt. Because of its current activities, The Junction Project (Bristol) Charitable Trust is not registered for VAT and therefore cannot recover VAT on its expenses.
Funds accounting
General funds are unrestricted funds available for use at the discretion of the trustees in furtherance of the general activities of the charity and which have not been designated for other purposes.
Income
All incoming resources becoming available to the charity during the year are included when there is a certainty of receipt.
Expenditure
Charitable expenditure includes costs associated with particular projects in furtherance of the charity’s objects. Support costs comprise expenditure incurred in support of charitable activities and include an appropriate proportion of overheads.
Fixed assets
Tangible fixed assets are stated at cost. Depreciation is calculated at appropriate annual rates estimated to write off the cost of fixed assets less their estimated residual value over their useful lives as follows:
Fixtures and fittings 20% straight line Office equipment 25% straight line Motor vehicles 25% straight line
The cost of acquiring fixed assets is charged to the SOFA in the year of acquisition if the cost is less than £250 or the useful economic life is less than four years.
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THE JUNCTION PROJECT (BRISTOL) CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD TO 31 DECEMBER 2023
1. ACCOUNTING POLICIES (continued)
Hire purchase and lease commitments
Rentals paid under operating leases are charged on a time basis over the lease term.
Related party disclosure
FRS 102 requires the disclosure of the details of material transactions between the company and any related parties, as defined. Details of relevant related party transactions are included in note 10 to the financial statements.
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THE JUNCTION PROJECT CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD TO 31 DECEMBER 2023
2. GRANTS AND DONATIONS
| 2. | GRANTS AND DONATIONS | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| Income | Income | 2023 | 2022 | ||
| £ | £ | £ | £ | ||
| Addiction Recovery Agency | - | 185,000 | 185,000 | 185,000 | |
| Bristol City Council | - | - | - | - | |
| Total | - | 185,000 | 185,000 | 185,000 | |
| 3. | ANALYSIS OF EXPENDITURE | ||||
| Unrestricted | Restricted | Total | Total | ||
| 2023 | 2022 | ||||
| £ | £ | £ | £ | ||
| Expenditure on | |||||
| charitable activities: | |||||
| Direct costs: | |||||
| Staff costs | 64,970 | 185,000 | 249,970 | 241,749 | |
| Lease charges | 373,256 | - | 373,256 | 388,234 | |
| Houses – repairs and | |||||
| renewals | 103,240 | - | 103,240 | 75,612 | |
| Office rent | 15,367 | - | 15,367 | 13,224 | |
| Rates | 19,858 | - | 19,858 | 18,554 | |
| Maintenance | 10,476 | - | 10,476 | 164 | |
| Heat and light | 25,000 | - | 25,000 | 53,067 | |
| Cleaning | 639 | - | 639 | 578 | |
| Travel | 4,462 | - | 4,462 | 4,260 | |
| Office expenses | 20,701 | - | 20,701 | 18,428 | |
| Subscriptions | 180 | - | 180 | 72 | |
| Insurance | 12,822 | - | 12,822 | 10,280 | |
| Training | 235 | - | 235 | 3,492 | |
| Testing kits | 1,672 | - | 1,672 | 1,521 | |
| Bank charges | - | - | - | - | |
| Recruitment | 45 | - | 45 | 110 | |
| Miscellaneous | 5,741 | - | 5,741 | 8,444 | |
| Depreciation | - | - | - | 2,087 | |
| 658,664 | 185,000 | 843,664 | 839,876 | ||
| Support costs | |||||
| Accountancy | 8,760 | - | 8,760 | 8,760 | |
| Examiner's fees | 1,800 | - | 1,800 | 1,800 | |
| Legal fees | - | - | - | - | |
| Professional fees | - | - | - | - | |
| Trustees’ expenses | - | - | - | - | |
| 10,560 | - | 10,560 | 10,560 | ||
| Expenditure on raising | |||||
| funds: | |||||
| Marketing | 486 | - | 486 | - | |
| 486 | - | 486 | - | ||
| Total | 669,710 | 185,000 | 854,710 | 850,436 |
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THE JUNCTION PROJECT CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD TO 31 DECEMBER 2023
4. EXPENDITURE
Expenditure includes:
| Depreciation – owned assets Examiner’s remuneration Total staff costs Wages and salaries Employer’s national insurance Employer’s pension contributions he average monthly number of employees during the year was Support workers Administration Trustees’ expenses |
2023 £ - 1,800 2023 £ 227,002 14,902 8,066 |
2022 £ 2,087 1,800 |
|
|---|---|---|---|
| 2022 £ 218,155 15,646 7,948 |
|||
| 249,970 | 241,749 | ||
| a | s follows: 2023 6 1 8 2023 £ - |
2022 6 2 |
|
| 8 | |||
| 2022 £ - |
The average monthly number of employees during the year was as follows:
The key personnel of the charity comprise of the Trustees and the Project Manager. The total remuneration of the key management personnel was £33,494 (2022 - £17,663). None of the trustees nor persons connected with them received any remuneration or other material benefits from the association or any connected organisation.
No employees earned £60,000 per annum or more.
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THE JUNCTION PROJECT (BRISTOL) CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD TO 31 DECEMBER 2023
5. FIXED ASSETS
| COST At 1stJanuary 2023 Additions At 31stDecember 2023 DEPRECIATION At 1stJanuary 2023 Charge for the year At 31stDecember 2023 NET BOOK VALUE At 31stDecember 2023 At 31stDecember 2022 6. DEBTORS Trade debtors Other debtors 7. CREDITORS Trade creditors Taxation and social security Other creditors and accruals |
Office Equipment £ Fixtures & Fittings £ Motor Vehicles £ Total £ 10,098 28,605 12,504 51,207 - - - - |
Office Equipment £ Fixtures & Fittings £ Motor Vehicles £ Total £ 10,098 28,605 12,504 51,207 - - - - |
|---|---|---|
| 10,098 | 28,605 12,504 51,207 |
|
| 10,098 - |
28,605 12,504 49,119 - - 2,088 |
|
| 10,098 | 28,605 12,504 51,207 |
|
| - | - - - |
|
| - | - - - |
|
| 2023 £ 2022 £ 15,417 15,417 257,981 43,644 273,398 59,061 2023 £ 2022 £ 30,180 2,417 7,014 6,491 73,477 48,561 110,671 57,469 |
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THE JUNCTION PROJECT (BRISTOL) CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD TO 31 DECEMBER 2023
8. OPERATING LEASE COMMITMENTS
The following payments are committed to be paid in more than five years:
| Land and buildings Expiring: In more than five years 9. MOVEMENTS IN FUNDS Restricted funds: Addiction Recovery Agency Total restricted funds Total designated funds Total unrestricted funds Total funds |
2023 £ 2022 £ 328,536 328,536 At the start of the year £ Incoming resources £ Outgoing resources £ At the end of the year £ - 185,000 (185,000) - |
2023 £ 2022 £ 328,536 328,536 |
|---|---|---|
| - 185,000 (185,000) - 40,000 - (40,000) - 298,093 515,577 (629,710) 183,960 |
||
| 338,093 700,577 (854,710) 183,960 |
The trustees made a decision during 2017 to set aside an amount of £40,000 in a designated fund to cover future anticipated costs of any major repairs which may arise within the buildings which have been leased to the charity.
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THE JUNCTION PROJECT (BRISTOL) CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD TO 31 DECEMBER 2022
10. TRANSACTIONS WITH TRUSTEES
One of the trustees, Adam Rutherwood, is a director of Manor Properties (Bristol) Limited which, with the prior agreement of the Charity Commission, leases 13 properties and 1 office used by the Charity. The company charges the Charity a lease for each house at current market rates. The total amount paid to Manor Properties (Bristol) Limited in the year in lease charges was £373,256 (2022: £388,234). At the year end the Charity owed Manor Properties (Bristol) Limited £nil (2021: nil).
At the year end, the Charity owed Adam Rutherwood £nil (2022: £nil) for additional costs incurred by him on the Charity’s behalf.
11. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Fixed Assets Net Current Assets |
Unrestricted Funds £ Designated Funds £ Restricted Funds £ Total £ - - - - 183,960 - - 183,960 |
|---|---|
| 183,960 - - 183,960 |
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