CHARITY NUMBER: 1123555 REGISTERED NUMBER: 06460614 {England and Wales) REPORT OF THE DIRECTORS AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2Q24 FOR THE JUNCTION 28 CHURCH
THE JUNCTION 28 CHURCH CONTENTS OF THE FINANCIAL STATEMEbrrs FOR THE YEAR ENDED 31 DECEMBER 2024 P•99 Company Informotlon Report of th• Dlr¢¢tors 24 Stalernent of Finaneial Actlvlties Income Stat•mont B•lan¢• Sh••t Motss to th• Flnanclal SL*•ments 7JJ Accountants. Report 10 Dotalhd Income and Expendtture Ac¢ount 11
THE JUNCTIOM 28 CHURCH COMPANY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024 DIRECTORS: A A Adegoke Pastor N D Boneham Ms R Wattam R S Cti11811 SECRETARY: Julie Wi150n REGISTERED QFFIGE: The Comrnon South Nornanton Alfrèlon Dorbyshlre DE55 2EP REGISTERED NUMBER: 1]6460614 IEngland and Wales) CHARITY NUM8ER: 1123555 SQLICITQRS: Robinsons Solicitors 10111 St James Court Fdar Gate Derby DE11BT ACCOUNTANTS: Icp {gbl group Etd 1 Crow Hill Drlve Mansffièld Nottinghamshire NG19 7AE Page 1
THE JUNCTION 28 CHURCH REPORT OF THE DIRECTORS FOR THE YEAR EMDED 31 DECEMBER 2024 The directors present their report with the financial statements of the cornpanyforthe year ermled 31 De¢gmbgr 2024. INCORPORATION Thg Junction 28 Church was fomigd 8$ a ¢cnpany limit8d by guarantee on 28 December 2007. The c¢Jmpany Is also a r8gistered charity (No 1123555}. AIMS AND OBJEcnvES The alms of the Company shall be: To provide a place of worship where Christian5 Can meet to share Ihelr falth and dèvelop thelr commitrnent. To meet the needs of finanaal hardship or sickness whether within the chur¢h membetship orthe lo¢al ¢mUnI(y. To be a 'Missions' orientsled church providing help, encouragemenl and Ihg advan¢emonl of education both in the UK and $u¢h parts of th$ xirld as the diractors from lime to lime think fft., To relieve aged persons through the provislon of care and attention. p8rti¢uledy those ¢)f the Christian fatth- To off8r a venue with good and modem facilities for the youth of our communily through the provisSon of oquSpm•nl and social a¢liwties as well as seeking to d•v8lop good moral values in keeping with our Christian ethos. REVIEW OF PROGRESS AND ACHIEVEMENTS Th8 maln 8etlvty ol tha Church CtInueS to be the holding of Christian rellgiou¥ stte$ and related actlvlties throughoul the week for the benefit ol South Normanlon and the Surroundlng area. Th• kty a¢hi$vements aro as follows.. COnnue sgNlc8 ofour community Ihrough Chrisban minislries run by Ihe church SUp[rt of our lo¢al congr¢galion through $plrftual guldanca and church seNices'. RESERVE POLICY Tho Company's rosgrves consist solelyoltheaccumulated fund as shown on th& Balance Sheet. Therewere t)0 surplusfunds lorinveslmenl as at 31 De¢embw 2024. DIRECTORS The directors shown below have held office durtng the year from 1 January 2024 to Ihe date of this report. N8w dir8¢tor$ 9 appointgd at the Annual General Meeting. Pastor N D Boneham Ms R Wattarn A A Adegoke R S Crittall (appointed 101h October 20241 The c(npany Secretary was Julie Wilson Iresigned 9 January 20251. New dlwtors are appointed by the Chair Direclorl Senlor Pastor. FINANCIAL REVIEW Costs and overheads have remained cl$leI with tho prewt>us year, as th•$0 8r¢ r9gularfy monitorgd to r8tain control over expendilure. Page 2
THE JuNcnoM 28 CHURCH REPORT OF THE DIRECTORS FOR THE YEAR ENDED 310ECEM8ER 2024 STATEMENT OF DIRECTORS. RESPONS181LmES The diractors ara rè$ponslble for preparlng the Report of the Directo and the financial statements in accordan¢• wSth applkabl8 law and gulalit)n$. Company law requirtss the dlrectors to prepare financial statements for ea¢h financial year. Under that law the dirèctors have ¢1g¢tgd t¢) prepare the financial slatements in accordancewlth Unlted Klngdom GeneraIlyApted Accounting Practice (United Kingdom Accounting Standards and appllc8ble lawl. Under company law Ihe directots must not approve the financlal statements Unless they are satisfied that they give a true and fairview oflhe stsle of 8ff8lrs of the Conpany and of th8 surplus ordeficil ofthe company forthat pèriod. In pTrparing these firtancial slatemenls, the directors are required to.. Belecl suitable accounting policios and then apply th¥m conslstantly. make judgements and accounting eslimales that are reason8bl¥ and prudant. prepare the financial statements cffi the going ¢on¢ern basis unless it 18 inappropriate lo presume that thg company 11 continue in business. The directors are responsible for keeping adequat& 8¢¢ounling records thal are suffidènl to show and explain thè Company's transactlons and disclose with reasonable accuracy al any time the financial position of the company and enable Ih&m to gnsure ihal the financial stat8ments comply wllh tho Companles Acl 2006. They are also responsible for safeguarding the assels of th¢ MpanY and nce for tsking reasonable steps for the prevontion and d¢tg¢tion of fraud and othar irragularities. This report has been prepared in accordance wilh the special provisions relating lo companies subject lo the sm811 companies regime wthln Part 15 of the Companles Act 2006. ON BEHALF OF THE BOARD: Pastor Nathan Bonoham- Director Page 3
THE JUNCTION 28 CHURCH STATEMENT OF FIMANCIAL ACTNITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unre$tri¢t•d Funds R•$tri¢tsd Funds Total Funds 2024 Tolal Funds 2023 INCOMe ANO EXPENDITURE INCOMING RESOURCES Notes Offe¥ings Special offerings Grft aid tax recovered Mini Roarers Hire of buitding 78.587 9.548 14.868 633 4.534 78,587 66,356 3,235 13,573 1,147 4.188 14668 633 4534 Investment inccrfne 773 773 165 Govgmment grant Income TOTAL INCOMING RESOURCES 108.743 108,743 RESOURCES EXPENDED Dlre¢t charftsble expèndlture Administratlon 33.632 83.638 33.632 83.638 25,278 79,695 TOTAL RESOURCES EXPENDED 117,270 117.270 104,973 NEf INCOMINGIIOUTGOINGI RESOURCES 18,52n (8.5271 116,309) The notes on pages 7 to 9 form part ofthese fin8ncial stslemenls P898 4
THE JUNCTION 28 CHURCH INCOME STATEMENT FOR THE YENR ENDED 31 DECEMBER 2024 2024 2023 Notes INCOME 107.9711 88.499 Admini5tr3tive expenses Other operafing inccrfne (98,823) 193.881) OPERATING SURPLUS 9,147 15,382} Loss on disposal offixed asse15 Other Interest receivable Intest payable and similar chargtss 773 165 DEFICIT BEFORE TAXATION 1852n 116.309> Tax on Surplus on ordinary activRIgS DEFICIT FOR THE FINANCIAL YEAR 18,52n 116.3091 The rteS on pages 7 to 9 fom part of these finanelal ststements Pagg 5
THE JUNCTION 28 CHURCH BALANCE SHEET 31 DECEMBER 2024 2024 2023 Nolg$ FIXED ASSETS Tanglble assets 952,716 971.021 CURRENT ASSETS Debtors Cash at bank 501 671 41,492 36,317 CREDITORS Amounts falling due Mthin one year 116171 NET CURRENT ASSETI(UABILITIES) 19,369 TOTAL ASSEfs LESS CURRENT LIABILITIES 982,591 990,390 CREDITORS Amounts fallSn9 due after more than one year 10 181 180,6791 NET ASSETS 809,711 RESERVES Revaluation resw¥e Restricted funds Unrestricted funds 12 146,622 471072 18 146.672 472,072 191.017 826.020 Fw Ihe year ending 31 December 2024. the company was entitled to exemption from audit under Section 477 of th& Cornpanies Act Dlreclors, responslbllllles lal The members have not r8quired the c*Jmpanyto obtsln an au(Jh In ance th sedion 476 of the Companies Act 2006. (bl The dire¢tois a¢krh0wlg9 th8lr rasponsibrfilies lorcomplying wilh the requirements of thè Actwith respectto accountiny records and preparation of 8ccounts. Ibl These accounts have been prepared in accor(lance wth the provi$i¢)n$ appllG8blg10 (x¥npanl8s subject to the small companies, règSmè. The financial sL9tsm&nls were approvod by the Boar(l of Directors on 06 April 2025 and were signed on its behalf by: Past r Nalhan Bonèham- Director The notes on pages 7 to 9 fom part of Ihg$8 finBnci81 statements P89e 6
THE JUNCTION 28 CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 STATUTORY INFORMATION The Junction 28 Church is a private cornpany, limiled by guarantee, registered in England and Wales. The company's registered numbar and reglstared office can be found on the Company Information page. ACCOUNTING POLICIES 8asls of pr8parlng th• 1Snanclal statomonts Thè Junction 28 chUh is a public benefrt entity wlhin the meaning of FRS102. Thè financial Statements have been prepared in accordance wlh Accounting and Reporting by Charille$'. Statement of Recommended Prnclce applicable to charities preparfng their accounts in accordance wlh the Financial RepoTting Standard applicable in the UK and Republi¢ of Ireland Is$uèd In October 2020, thè Flnancial Reporting Slandard applicable in the UK and Republic of Ireland IFRS102). the Charities A¢¢ 2011 and in accordance wth the ChUh Accounting R¢gulalion$ 2006 govamlng thè indSvldual accounts of PCC'S. The financial statem&nl$ have been prepared under the historical cost convention unless otherwise Stat in tho leVant notes to these accounts. Income Income includes donations and gits received and are recognised and includtrd in Ihtr accounts wh¢n the wmpany becomes entitl$d to th¥ funds. tharg is $uffld&nt c8rtaSnty that recelpt of the Income is considered probable and the amount can be reliably measured. G0Mm&nt grants Govemment grants are recognl8e(I In the pnffjl and loss a¢nt In an appropriate mannerthat matches them with Ihe expenditure towards vJhich they are intended to contribute. Grants for immediatefinancia5 support orlo coversts already in¢urred are re¢ognlsod IMM[al91Y In the profil and loss account. Grants t¢ward$ 9gn$ral actlvltSe$ of thè 8ntity over a speufic period are recognised in the proffit and loss account overth31 poriod. Grants lowdrds fixed assets are recognised over the expected useful livos oftho r&l8ted assals 8nd 8re treatgd as d8f8rred incorne and released to the profit and lo$$ account over the useful life of the asset concemed. All grants in the profft and loss account are recognised whtsn all condllions for recelpt have been complled with. Tangible fixed as•ets Depreciation is prowded al the folbwng annual rates in order to write off each asset over its estimated Usef1619. Land Freehok1 propety Fixturès and frttlngs Musical instruments 2Yo Straight line basis 150/0 on reducing balance - 25Vo on reducing balance Fund accounting Unrestrictsd fund$ aro availabla to spond on activilies that further any of the purpose5 of the charity. Restricted funds are donations which the donor ha5 specrfied are lo be solely used for Spec1¢ areas of the Charity's work. EXndItur0 and Irrecov•rabl• VAT Expenditure 13 recognised once there Is 8 leg81 crf w)strudive obligation to make payynent lo a thSrd party, il is probable that s8tt18ment will be required and the amounl of the obligation can be reliabty measured. Expenditure 13 clas$rfie(l undgrthg follovlng activlty hgadlngs.. Dlrecl charllable expendilure associated with the charitable adiwties of the Company Adminlstration whl¢h ¢ovgrs thg overhaads and support costs of running the charity EMPLOYEES AND DIRECTORS Th& averag0 number of employees during the year was 312023.. 41. DIRECT CHARITABLE EXPENDITURE Unr•strl¢tod Fund$ Restrl¢tsd Funds Total 2024 Total 2023 Gffts Visiting rninistry General ministry AOG low Chiklron's work 882 400 28.200 2,880 1,082 300 19,738 2,465 1.693 400 28,200 2.880 25.278 Page 7
THE JUNCTION 28 CHURCH NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 ADMINISTRATION AND SUPPORT COSTS OF THE CHARrrf Unro$trlctsd Funds R•strlct•d Funds Total 2024 Total 2023 Rent and rates Insurance Light and heat Sal8ritis Telephone and inlemet Printing. slatlonery and advertisin9 Repairs and maintenance CompLrter maintena. softwart and consumables Sun¢Jrfg$ Subscllpts'ons Accountancy Professional fees Mortgage interest Credit Charges Depreciation 862 2.452 6.522 12,544 1,954 4.770 227 335 5,605 845 752 862 2,452 6.522 12.544 1,9S4 4.770 6.227 335 5.605 845 752 2,365 11.810 11,436 1,943 5,637 295 5.899 836 746 26 11.092 18.447 18,447 21323 22.323 22,069 83.631 83.638 79,695 TAXATION The cornpany 18 a registered charity and 18 therèfore exempt from Ctyporation Tax. TANGIBLE FIXED ASSETS Fixturos And •quipm•nt Fr¢¢hold property Mu$lul Instruments Land Totals COST OR VALUATION Al 1 January 2024 Addltlons 200.000 988.864 4306 70.827 4,018 1,263,997 4.018 Al 31 D•Mb 2024 200,QOO 988,864 4306 74,84S 1,268,015 DEPRECIATION M 1 January 2024 Charge for year 230.679 19.779 4147 58.1SQ 292,976 22,323 At 31 Decamr 2024 250.458 4187 60.654 315299 NET BOOK VALUE Al 31 Dgeambèr 2024 200,0(10 738,406 14.191 952,716 At 31 DecembeT 2023 200.000 758.185 159 12,677 971.021 Cost or valuation at 31 December2024 is represente(I by.. Flxtures And Flttlngg Frn•hold propgrty Muslcal Instrwnent Land Totsls Valuation In 2010 146,662 53.338 146.662 1.121.353 988.864 4306 74,84S 200.000 988,864 4,306 70,827 1,268,015 The freehold land and property was valued on an opèn market basis on 2 July 2010 by Rlchard Sgvldgè, chartered suryeyor. Paytr 8
THE JUNCTION 28 CHURCH NOTES TO THE FINANCIAL STATEMENTS- rttinued FOR THE YEAR ENDED 31 DECEMBER 2024 DEBTORS 2024 2023 Amounts falling within one yea Trade Debtors Prepayments and other debtors 501 581 501 671 CREDfTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Bank loans and overdrafts Isee note 10) Other crodilors Acuued expenses 8,610 1,910 1,097 14.409 1,407 1.132 16.948 10. CREDtTORS: AMOUNTS FALLING DUE ER MORE THAN ONE YEAR 2024 2023 Bank loans 181.407 180679 11. SECURED DEBTS The fo1thng Secured debts are included wlhin creditors.. 2024 2023 Bank loans 190.017 195.088 12. RESERVES Unr•strlct•d funds R•valuatlon s•r¥è funds Tt)tals Al 1 January 2024 Ex¢¢ssI(DcltI for tho year 191.017 146,622 472,072 809.711 Ai 31 Decernber 2024 182.490 146 622 472 072 13 ULTIMATE COMTROLUNG PARTY The company 18 limited by guar8nlg9 and controllgd by Ihg board of director& Page 9
THE JUNCTION 28 CHURCH ACCOUNTANTS. REPORT FOR THE YEAR ENDED 310ECEMBER 2024 Chartered Accountants, report to the dlrectors on the preparatlon of the unaudfted statutory a¢¢ounts of The Jun¢tlon 28 Church for thé •nd•d 31 D•c•mb•r 2024 Report to the directors on the preparation of the unaudited statutory accounts of The Junction 28 Church for the yoar •nded 31 D•c•mbar 2024 To assist you to fijlfil your dLrties under the Companies Act have prepared your approval the accx)unts of Th& Junetion 28 Church vlhich comprise the Pro)Tht and Loss Account, the Balan Sheel and the related ntstes. from the Company's accrHJnling records and from infonnats'on and explanations you hav6 given us. As a practising membeT fimi of the Association of Chartered Certified Ac¢ounlants, wè ara subjoct lo its 8thical and other professional requirements 1¢h are detailed at hlt ..Ilwrfw.a¢¢a obal.¢omlenlmemberl rofessional-slandardslrulesslandardsl acca-rul•book.html. This rem is mad8 to tho directors of The JUtiOn 28 Church, as a body, In act4)an¢6 with the tem)s of our engagemgnl1gtt8r dated . OLtr work has been und8rt8ken solely to pr•par? for your approval the aG¢ounts of The Juncllon 28 Church and slate those matters that we have agreed to slate lo the directors of The Junction 28 Church, 33 8 body, in this report in 8¢¢ordancg with thè Assodatlon of Chartgred C&rtifi8d Accountants as detalled at httpjlwww.accaglobal.comlcontentldamlACCA_Globalrnechnicalffa¢Vle¢hni¢81- fa¢tsh¢el-163.pdf. To thè fullest extènt pèmittod by law, we do not ac¢spl ¢y Ossumo rosponslblllty to anyone other than The Junction 28 Church and ts directOT& as a body for our Work or lor this report. It Is your dLrtyto ensurè that The Juncllon 28 Church has kept adequate accountlng records and lo prepare slatulory ew>unts that give a true and fairview of the asset5, liabilitie5, financial position and profil or loss of TheJunctlon 28 Church. You considerthal The Junction 28 Church Is exempt from the ststulory audit raqulrement for year. We have not been instructed to cary out an audit OT a review of the accounts of The Junction 28 Church. For this reason. wo have nol verified Ihe accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore. express any opinion on the financial statements. Icp Igb) group Itd 1 Crow Hill Drive Mansfield Nottinghamshi NG19 7AE Dats: 6 April 2025 Page 10
THE JUNCTION 28 CHURCH DETAILED INCOME ANO EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 INCOME Offèrlng$ Special offerings GKI ald tax recovered Mlnl Roarer¥ Hire of bulldlng 78,587 66,356 13,573 1.147 4.188 633 107.970 CHMIITABLE DONATIONS Gifts Vi$f(Ing ministry General mini5ty Childm's 1,082 28.200 19,738 1,693 130.7521 {22.8131 IPIVESTMENT INCOME Bank Interast racalved T13 165 773 165 OVERHEADS Ronl and ratss Insurancè Light and heat Salatles Telepho and Inlèmet Prlntin9, slation8ry and advartlslng Repair$ and maintenance Computer maintenance, softsvare and consumables Sundry eypenses Sutxriplions Fin8n¢è costs Accountancy Profwdslonal fees 862 1452 6.522 12,544 1,954 4,770 2.365 11,810 11,031 1.263 5,637 5.538 295 5,899 3,301 335 5.605 3,725 752 749 26 145,7481 147,1391 FINANCE COSTS Mortgage Interest 11,092 118,4471 111.092) DEPRECIATION Musicol inslwmenls Fixtures and fittings Fro&hs)kl property Loss on disptssal of tangible fixed a88et$ 53 2.237 19,779 19,779 22.3231 NET INCOME 16.309 Page11