CHARITY NUMBER: 1123555 REG157ERED NUMBER.. 00400614 (England andWalo81 REPORT OF THE DIRECTORS AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2023 FOR THE JUNCMON 28 CHURCH THE JUNCTION 28 CHURCH CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Page C¢mp•ny Informatlon Ropwl irflh• Dir•Gtors 24 Stat•mgnt of Flnart¢lal Athlvltl•s Ineom• Statom•n¢ Balanco Sho•t Not•s to tho Flnanclal Stst•mentS AccountantB' Roport io D¢t•llgd Incomo and Expendlture fvKcount 11 THE JUNCTION 28 CHURCH COMPANY INFORMATION FOR THE YE￿ ENDED 31 DECEMBER X*23 DIRECTORS: AAAdegoke Pastor N D Boneh*n Ms R Wattam SECRETARY: Ms J Wilson REGISTEREO OFFICE: The CThnmcn South Nornan Ajfrelon Derbyshire DE55 2EP REGISTERED NUMBER: 064e0614 IEryJlaThJ and Wal¢sl CH*klTY NUMBER.. 112355S SOLICITORS- Robln8ens Sclc4to 10111 St Jame5 co￿1 Friar Gate Derby DE11BT ACCOUNTANTS.. tcp IgblW￿p Itd 1 Crow H551 ttrive M8nsfidd Notunghamshire NG19 7AE Page 1 THE JUNCTION 28 CHURCH REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2023 The direetors wesent rèJ5)rt￿1h the financlal statements of Ihe ￿npanY for the year 8nd8d 31 Dwxmber 2023. INCORPORATION The JunGt¢on 28 Chureh *es lomw as a company limiied by guamtee on 28 Do¢￿ber 2Crf)7. Theccrfnpany i% also a regisiered c*arfty (No 11235551- AIMS MD OBJE¢nvES The ains of th¢ C(Nnpany shall b&.. To provide a pl8ce otwotshlp *th8re Christians can meetto Sho￿ thwr faith and d8vdop Ihwrccmmitr116nt', To m¢¢tthe n8eds of financial haFd5hp or whetherwthin the church M￿b￿ShIp orthe kxxl rthimunty, To bea'missions, odenlated thurch prowding hèlp, enrxiur8gement and the 8dvanL¥nent of grfucat1￿ both In the UK and such p8rt8 of the as the direGtOT5 from ts'rneto time think fitr, TO relleve aged persons Ihrough the provision of care and atteThtkn. parhculady those of the Christian falth.. To offer 8 v￿LE With good and M￿@M fa(alil8s for lh8 youth of our c4Mnmunlty through Ihe of equlprn￿t and sodal actNlties as a5 Seeking to deve1¢p go￿ moral values in keeping with our Chdslan ethos. REVIEW OF PROGRESS MD ACHIEVEMENTS The main actiwty of Ihe Churth ￿t￿UeS to ￿tha holdSr*J of Christian roliglous servlces and ￿llted a￿￿tIeS througmut the wed( for th8 benefil of South Nomanton ar￿ Ihe *Jrwmding area. The k8y athlovements ar¢ as folkm." Conbnu&l serv￿￿ ofourcommunty through Chri5tinn ministres njn by the churth SLJPPOrt of our lorAI oJrorgJaOcfi thrwgh spiritual guidance and churth seNces.' RESERVE POUCY The Companys resaNes Co￿•￿tS0￿yorthedc￿mU1ated1￿nd as shown on IheBaL8nceSheeL Ther0w*r¥ no Surplus fuTrJsf0rlnve51rn￿ as at 31 December 2023. LMRECTORS The dlractus shw bdow hav* hdd offieA dur6ng tt)e %thole period from 1 January 2Q23 to tha dale of thls repoTL Pastor N D BoneF*m Ms R Waitsm AA ￿e90k8 The cornpany se￿et￿ry is Ms J Wlsc Now directors are apFdnt8d by the Chair tl'recltyl Seniw P8strJr. FINANCIAL REVIEW sts and cverhead5 have Temainsj con$istenlw4th th¢ pr¢¥ious year. a5 these reY￿artY mo￿10￿ ¢0 rèlain LX)ntrol over expendi¢uro. Page 2 THE JUNCTION 28 CHURCH REPORT OF THE DIRECTORS FOR THE YEAR ENDEO 31 DECEIIBER 2023 STATEMENTOF DIRECTORS. RESPONSIBILrnES The directors 8rer¢5pmsiWèf￿pr￿8rrin9 the Repc*lclthe Directors 8talem0nts In wydoncè￿lh aFvllc4Ne Iw•nd regu1811ons. Cc¥mp￿Y wquire5 the dir￿)rS to pr8p8r6 finarKial staternenls for eBth finartial y￿. Under Ihal L9w thg directors havo d8clwJ to prepBrethefinart581 statements inaccordgncewth Unhed KIr￿d0M Gener8ltyAccWed Atctyjnllng Practice (United KingdomACco￿I1DQ Standards and lawl. Under company lawthe direttops m￿t not approve the finarKial stBtemenlS unltrtss they are sat15fied thèt th6ygNe 8 true and lair viewof the state ofaff8Ys oflha ct#npany and ofthe Sulp￿18 ordeMI ofts CL¥mpanyforthdt p¢ri(xl. In praparing Ihe&e fnanual Stat￿0n￿. the dIr8d0￿ are req￿red to." sdect sullable 8ccowlin9 and than appty th8m consistenfy- mak8 iutjgemenls 8nd ￿Unting estvnatts thai ar8 ￿aSOna￿e aTrJ pnKlent', ep8rg thg finan￿al si*èments on th• going roncem bavAJ Lml6s¥ tt bs Inapprcpriatelo pruurrrt) Ih8t tha ox#p8ny 11 continue In buslnfr5S. Th8dlr6ctor8 are r85pth$lblb f￿k￿e￿tvj adewats acwunllng reGNd5 *è suffident to shyafand ewan IP¢ wnpinvstrwsactions ond dlxtyJ5¢ ￿lIh raasonab￿ ￿￿raCY at any lime the financial p0s￿On of lh8 eompany and enable them lo erBure that Ihe finartL81 Slat￿9￿￿ cL¥nply lh& com￿nI•S k¢ 2006. arè al$0 re¥pJnsibl8 lor $8foguardir*J the assats of the company and hence ft laklrg feasrThb￿ step5 for the pr¢vortth ddeclh)n offr8thY wdothEr l1w￿rrtl￿￿ Thly rewrt has beèn prepared In accordance the S￿￿181 P￿8￿￿$ wI￿n0 to cOm￿￿S subject b the Smal cthipenres V45thin Pwt 15of Ihe CompHnlès Act 20C6. ON 8EHALF OF THE BOARO: Pastu Nalhan 6onehqffl- DireLtr Pag8 3 THE JUNCTION 28 CHURCH STATEMENT OF FINANCIAL ACTIVIMES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrostrict¢d Fund¥ R¢$tricted Funds Total Fund8 Total Funds 2W22 INCOME ANO EXPENDITURE INCOMING RESOURCES Notes Off¢ringS Spedal offerfngs Gft rec4)VW Mini Roarevs HI￿ ol billding 64356 1235 1&573 1,147 4f88 71.239 3.785 16,962 2.245 3335 13,573 1.147 4,108 Investrnmlinccrfne 165 165 121 G)vemment gyant income TOTAL INCOMING RE8c￿1RCES 8B,064 88.664 96.947 RESOURCES EXPENDED Direct chari18blè èxpermyilwe Adrnini4trabon 25.278 79.895 25278 25.573 66,885 TOTAL RÉSOURCES EXPENDED 104973 104,973 92.458 NET INCOkllNGIIOUTGOINGI RESOURCES 1143091 116,3091 4,189 The notes on pages 7 to 9 fom of these financial statements Page 4 THE JUNCTION 28 CHURCH INCOME STATEklENr FOR THE YEAR ENOÉD 31 DECEMBÈR2023 2023 2022 Not•s INCOME 88.499 96,827 Admlni4tralive expwses Other cp8ralng 1918811 {84,9)71 OPÈRATIPIG SURPLUS 15.382) 11,W20 Loss on dispo881 of fixed 8886ts Oiher interest re¢avable Interest payable and stmllar¢harg8S 165 DEFICIT eeFORE TAXATION 118,309) 4.189 Tax on surplu5 OTr ordinary gcti*ilies DEFICIT FOR THE FINANCIAL YEAR 116.3091 4,189 The notss on pag8s 7 to g forn p8rt ofthesefinaneAal statements Paoe S THE JUNCTIQN 28 CHURCH 8ALAN¢E 8HEEr 31 DECEMBER 2023 2023 2022 FIXED ASSETS Tangiwt asstrts 971.021 993.090 CURRENT ASSETS Debto Ca8h at bank 671 35,646 692 44.179 $6,J17 44,871 CREDITORS Arnounts fglllng duo w&thlnon8 year NETCVRIIEWT ASSETULWBILfTIESI TOTAL ASSETS LE88 CIJRRENT LLABILMES 990.390 1.Q21.PA5 ¢REDITOR8 Amounts falling due aftw rnor• than one year 10 195,925 NET ASSETS 826,020 RESERVES R*valuaii¢n reserwo Restrictèd lunds UTrreBtricted fvnd5 12 146.672 472.072 191.0fj7 146.622 472,072 207.326 For Ihe year erbjlng 31 Decgn*er2023, the company was en1￿￿j k* exemptsn from •u(tht under Secik)Th 477 of Comp4nies Act 20[￿. Directots. r8swnsSbllStl88 lal Thg members ha¥ts not r8qulr8d the ¢ompanytootAaln art in ar£O￿￿O￿th SO￿0n 478 aflhB COMpa￿e$ Ad20D6. Ibl The directus ￿knO￿le￿99 their respvnsibilitie$le¢cc*nptymg rgquiremen¢silthpActVri￿ ffjsp8¢ltt>axountingr￿e￿ *)d preparaiion of accounts. Ibl These Bccounts haw been prepared In WMhthepM￿tsb)n$ 8ppll¢aNe ID¢ampAnles subje£t lolho8m811 CL¥npanks' regirne. The finandal stslements wro appr¢vÈd by tho Board ofDirectors on*eptem￿2O24 and were ￿ed cn ts beh4Yby. P?stt)r N4thÈn £ontham- Dlrecaor The notos on p•g¢4 7 10 g fm PartOfth￿fM￿Lfj1 staternonts e6 THE JL•IKmON 28 CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 STATI)TORY INFORMAnON The Jun¢bon 28 Chur¢h is a ￿vate (*rnpany, limit￿ by guarantee. registered in England snd Wales. The company8 wl8t8rad nurnbw and rÈgister& offic4 can bèfound on the Cempany Infoma￿"0Th p89e. ACCOUNTING POUCIES Ba$ls of pr¢parln9 the financial 8taierneTrts The Juncuon 28 Churd) is a publi¢ benefft entity wthln th8 mganlng of FRS102. The fin8ndal stèt*nents have been prepaT8d in acC￿[danCe with Ac4)uTrbng and RepoFting by Charities.. Statement of Reeommend8d Practice 8pplir8ble lo ¢kn8ri¥es preparing their acix>unts in alwrd3n￿ with the Finanryal Reporttng Standard applicable in the UK and Republicof Irdand issued in October 2020, Iho Finants41 Reportin9 Stend3rd applicable in Ihe UK and RepublSc ol IreLgnd IFRS1021. the Charltias Act 2011 and In aGrx)rdartewith the Church Ac<%)untlng R8gulaknns 2￿6 go¥8mlng the indi¥idu81 a(xounts of PCC'S. The financi￿ 5tst@nents have been prepar￿ urththe N5torfcal cost convenllon unless olhth80 St8bJ In thè relevant no188 to these a(tx)unts. Incom• In(x)tne indudes donations arKI grfts r8colv8d and are rewgnised and IndUd￿ In th8 8ccounts ￿en the ty)mpany beo)mes entitw 10 lh¥ fu￿￿5, there15 SL￿dent ￿rtathty that recelptof the inojme k8 wnsldwed probaWe and the 4N)unt can ￿ renaNy measurgj. G*)vernment gr•nts G0vemm￿t grants 8re reU)gniS￿ in Ihe pn)fitarKI1055 a(xx)unl hi ￿ appropriate mannw Ihatmalc*65 them wlth theexF4r¥Jltur8 tOW8rds wh1(* they are Inte￿Ed to tx)nknbute. Grants forlm•*t&financial support orto Ix)ver¢osts already In¢L4tred are recognised iMm￿latelYIn the profitand Ios5 acceunt Grants bwards gen8r8I actl¥ltie8 of th8 entity wa spedfi¢ p8ri(Kl are rrfowistrj in the profit and1055 aco)unl overthal pertyjd. Grants low8￿$fiXed assatsare recognised overthe èxpÈded usefvl live5 ofthe relalgj as5et5 and aretreated aSde1e￿ed inccrne and rdeas8d to the ￿￿fil and bss aecounl over the u$8fiA Its of the a$sot ¢on¢ornod. I grants In the profft and10¥8 at￿Ynt are re(￿th1 when 811 condllons forfe¢apt h8ve been (t)mpliwJ wth. Tangible fix•d Ksets Depreryabon 15 provid&Y al the fol￿￿ annual rates In order towrfte off each asset over its 8stimat&l usefLd Irf*. Land Freehokl propprty Fixtures and ffttiffjs Muslf*l Instwmenis 2% slraight11Th8 basL% - 15% on reduurs baLqr - 25% on reduci￿ baLqnce Urweslrfd&Y fund$ are avallablo to spwrfl on a¢bwtpes that fvrtheranyof the purpo3es of the chanty. Restricted fijnds are donations ¥thlch lh8 donN has 8r*dfi8d ar8 to be solety used for speofi¢ areas of the Charity5 wcfk. Expondlture and lfftcovwablo VAT Expenditure is reo)gnised once there ts a I￿81 or o)nstructlv6 obllgaoon to make payrneni to a thv(I party. il Is probable thai 5etUaTrenlwill be requir￿ 8ThJ the amountofth8 oblwts"on&qn be￿liarAY measured. Exp8ndlhJre 1$ das$lfied thd8rth&fdlowing acibAty htsailngs.. Di￿1 charltable OXPBndllure gssodaled with the charits￿8 a(￿¥1*"e5 ofthe r￿MpanY AdmiE4str8tion whith (x)vers the overheads and suppNt ts>sts of ruming Ihe tharity EMPLOYEES APID DIRECTORS The average nurnber of unployees during the yearwhs 312022= 31. DIRECT CHARITABLE EXPENDITURE UnMtrlct•rl Funds R¢stri¢t•d Funds Total 2023 Total 2022 Gbfts Vislng mlnlsty General mlnlsty AOG levy Chikjren's ￿rk 1.082 300 19.738 2,465 2,937 400 18,312 2,555 300 19.738 2.465 1,693 25 25 Page 7 THE JUNCTION 28 CHURCH NOTES TO THE FINANCIAL STATEMENTS- ¢ontlnuod FOR THE YEAR ENDED 31 DECEMBER 2023 ADMINISTRATION AND SUPPORT COSTS OF THE CHARITY Unrpstslrt•d Fund¥ Total 2023 Tota1 2022 Funds Rent ra185 InsU￿Ce ghl and heat SaLgri8S Tewonè and Int￿&t Printiryj. ststionwy and adver￿￿n9 Repairs and rnainlenance Computer malntenanc8. solbYar• and ¢onsumablgS Surklries Subscriptions Actountancy Professional fee5 )rtgage Intersst Credit charges Deprg(iats' 70 2,097 3,829 5,957 1,263 11,810 11.436 1.943 5.637 5.538 295 5.899 836 749 28 11.010 11A30 1.943 5.637 5.538 295 12,59B 4,076 1,024 13 7,852 11.092 22.069 22,069 79.695 79.695 T￿ATION The comwy Is a re>ster&l charfty Is th8refore exempt from Corwatkn Ta TAJ4GIBLE FIXED ASSETS Flxtu And •quip7)•nt Ff09hold propgrty Mu•i¢al Instruments Lamd Total8 COST OR VALUAnON At l J￿Vary 2023 Additions 200.000 988.804 4.306 70.827 1,263.597 At 310uember 2023 200.000 988.864 70.827 1.263,997 OEPRECIAnON At 1 January 2023 Charge for year 210.9110 19.779 4.094 55,913 1237 270.907 22,069 At 31 De¢￿b￿ 2023 230.679 4147 5&150 292.976 MET BOOK VALUE At 31 Oe¢ember2023 758.185 13,677 71,D21 At 31 Decemtser 2022 2C4).000 777,964 212 14.914 993,OgY) Cost er vqluab'on at 31 DwzmbeT 2022 B represented b￿. Flxturos And Flttin98 Fr••hold propDrty Mu81¢ In8irum•nt Land Total8 Valu8tiM In 2010 Cost 146,662 1.117.335 988,ts64 4306 70.827 200.000 988.864 4,308 70,827 1,261,857 The free￿k1 laTrJ and prop8tywBS valued on an open market ba5k% on 2 Juty 2010 by RKhard Sam'dge, ¢h*tsred suNeytr. Page 8 THE JUNCTION 28 CHURCH NOTES TO THE FINANCIAL STATEMÈNTS- ¢ontinyéd FOR THE YEAR ENDED 31 DECEMBER 2023 DE8TORS 2023 2022 Amfxjnts fallirKJ du¢ within one yèar. Trade Deb Prepayments other deL*ors 90 1581 135 557 671 CREMORS: AMOUNTS FALLING DUE IMTrIN ONE Y&IR 2023 2022 Bank loan5 and oYerdr¥fts (see note 101 Olher cxeditOTS therand T￿dIer Group A(tftJoO expenses 14,409 10,781 1,407 1.029 16.016 10. CREDITORS: AMOUNTS FALLING OUE *￿TER klORE THAN ONE Y&•R 2023 2022 8*k bans 180.379 SECURED DEBTS Thg folb)wing Secur￿ debb ar8 induded wthln uethlors: 2023 2022 Bank108ns 206,706 11 RESERVES UAro¥trlGtod fund¥ R•v•luation R￿trIcted fvnd$ Totals At 1 January 2023 EX￿s1{Defi￿tI forth8 year 207.328 146.622 472.072 818.831 At 31 pe¢￿ber 2023 191017 472 072 809 711 13 ULMMATE CONTROLLING PARTY Th8 company is limited by guaranteè and eL)ntrolled by the tx)ard of dI￿¢t￿. Page 9 THE JUN¢TION 28 CHURCH ACCOUNTANTS, REPORT FOR THE YEAR ENDED 31 DECÉklBER 2023 Chartered kcountants, r8port to tho dlrectcfs on the pr8paratlon ol the unaudlted 5t8tutory ac￿uTrts ol Th4 Junctlon 28 Church fort￿ yoar •nd8d 31 D6c•mb6r 2023 Report to th• dlr•ctor8 On tha wpwatlon of tho unaudlted 8tstutoryaccount8 of Yhe Junctlon 28 Chwch for th• Jpar •nd•d 31 D•cèmb•r 2023 To 8$*$t you to fil￿11 your dul*s under the Companies Act 2006, we have prepared feryour approval the accounts of The Junction 28 Church whl¢h fY)mprf$?t￿ Profi¢aThJ Loss Acwjnt. Ihe 8alance Sh88t and Ihe related nol88, from Iha companls xcounong records and from Infomation and 0xplanalon$ you ha￿ glv¢n u$. As a praGtising memborfirm of the Assoo8bw of Chartwed CerVfi8d Acc¢untsnts. W8 818 subject to Its 8th￿al and other professional reguirernfflts whith are delailryl at hlJl .'II¥vw.8ctsohbal.c(KnlenlmÈmbwlFrofes$ion81-slandardslrulesstandar(Jd acca-nlebook.hlml. This rew)rt 1$ made to the dlr8Ctors ofThe Juncuon 28 Church, as a body, In accordance with the 18rms of our engagement letter dated . Our work h65 been uDdert8ken 5dely to prepaty for your approval thg ￿Unts of Th¢ Jun¢tEon 28 Churth and stste those matters thai wg have agrèed to statè to Ihè dlrectors ofTh8 Junctk)n 28 Church, as a body, in ihis r8POrt In accudanc8 wAth the AsS￿ation of hartered Cerbfied Atrxjwtants 8$ detailed at httyiJl¥ww.accaglobal.comlconlenVdamlACCA Gh)bairrechnicaVf8cVtechnical. ts¢tsheet-163.pdf To Ihe fullest ext&it by18w, we do not accept oras8um8 responsI￿.1ty toartyone olhwthan The Juncton 28 Church aTrd its directo[3 as a t￿Y frjrour wodE or for thi8 reptht. Ills yourdutyto ¢n$uro that The Jun¢Xion 28 Church ha$ kept ad4uat8 actounlng records 8nd lo prepare stslutoryac