Charity registrdtlon number 1132283 Company registration numb•r 06962947 IEngl•nd and Wales) THE CHURCH AT JUNCTION 10 ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 THE CHURCH AT JUNCTION 10 LEGALAND ADMINISTRATIVE INFORMATION TN$ts•$ Mr K Davis MrJOClar MrAAkani Mr P Mile5 Mr P Begg Mrs H Chiurlrl (Appointed 23 January 2023) Cha￿ty number 1132283 Company number 06962947 Registered office ejo Anothrome Ltd Reservoir Place Walsall West Midlands United Kingdom WS2 9R2 Independent examiner Burgis 8 Bullock 23-25 Watedoo Place Learnington Spa Warwi¢kshire CV32 SLA THE CHURCH AT JUNCTION 10 CONTENTS Pag• Trustees report Independent examiner's report Statement of finan￿81 a¢tivitie5 Balance sheet Notes lo the accounls 9-20 THE CHURCH AT JUNCTION 10 TRUSTEES REPORT (INCLUDING DIRECTORS, REPORTI FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees, who are also the Directors of Ihe charitable company, present their ￿pOrt and accounts lor the year ended 31 December 2023. The financial stalernenls have been prepared in accordance wtih the accounting poli¢les sel out in note 1 to the financial slalement5 and comply with the Church's memorandum and 8rtioles of association, the Companies Aci 2006 and 'Accounting and Reporting by Charities." Staltrmenl of Recommended Practice applicable to charrties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {eff8etive 1 January 20191" Objectives and activitwes Thè Church's tsbjects are the advancement of Christian Religion by the woclamalion and furtherance of the Gospel according to God concerning His Son Jesus Christ the Lord. During 2023 the Church continued in its main activities of Chiistian evangelism. worship and leaching. through a model of congregational and small group meetings. The Chur¢h meets in a local secondary school and has aimed to be more involved in the life of the local communities in which it is based and where a local resource centre is to be buitt in collaboration wrth Wals811 Counol. The activitiès arè e•r￿ed on the churth building, through traditional and online groups, supported by a strengthening House Group structure. Further actimties for special Interest groups continued to be well supported. su¢h as Youth Club and children's discipleship. This includes succe55fulfy linking with national and local leadership developrnent organisalions to help develop young leadèrs. The Church relied on offerings from the donors idantified in the financial 51alements, whose support is valugd. There have been lirnited other fundraising activrties. Through our tithe, our annual support foi local, n81ional and international missions continua. Public b•nefit The Trustees have paid due regard lo guidarKe issued by the Charity Commission on Public benefil in deciding what aclivilies the Church Should undertake. Public beneffit is delivèred through the activities undertaken by the Church as clescribed above. THE CHURCH AT JUNCTION 10 TRUSTEES REPORT (CONTINUEDI{INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Achievements and perforn)ance The Board of Trustees (Church Council) are satisfi8d with the financial performance of the Churth durrng the year. In addition to progressing our plans foi a new Church and resource cenlre, during 2023 the ongoing objectives of the Church were to.. The missional eommLJnities programme is strll active and serve5 the local communities of Walsall, bringing Supporting activitses and ¢oie value5, to help those ol the church. We continue to work clos6ly with local $¢hools and other agencies wthin our communty where possible. Beyond and including traditional services and festivals, these a¢ts'vilies were ￿nITed on prayer, sludy, fellowship and collective worship in our growing joumey groups. The Church has sought to empower mèmbers Ihr¢)ugh a variety of resources and actiwties that model Apostolic, Prophètic. Evangelistic, Teaching and Pastor81 ministries. Our full lime Youth and Chiklren's Pastor continues to develop and stren9thèn the foeAJ$ of the Churches adivrties around the young people associated with our Church famly, Our support of the Love Walsall and wider Love Black Country ifiiti*ive have seen the Church partner with other Christian charities to provide a Ltnited. effJ¢ienl approach lo mission and social action. This has incjuded a Christmas Fayre ran wilh the local sècondary school which attracted over 1000 visrtors for an affordable Christmas expèriènce. The Trustees are satisfied with the progress made during the year in furthering the objectiV85 of the Church. Thi5 continued in community engagernent activity and the regular gathering of the Sunday ¢ongregalion confimis the need lo build a new building that will meet all the various demands from th9 congregation and community works. Building Project In line with the Church's vision to re-establish itself in a new facility on the land of 323 Wolverhampton Road, we conb'nued lo engage with organisations who support these objective5 to add lo the nurnber of "in prinapal" agreements that have already been established with likeminded organisations with whom the new building can be co-utilised lo support thè needs of the surrounding community and objectives of the organisation. In addition, we have partnered with a bid wiiting expert lo try and idenlfy and attract granl based funding foi the new la¢ility. Though no physical ftjrther works were undertaken during 2023 lexcepl for maintenance tasks such a5 tree pruning and weed cjearancel we have continued in a time of ants'apation as the church Sets itself up lo raise the necessary finances to see the building project progresses and ¢ompleted. Ouring 2021 the Local Authority approached the thur¢h lo explore the possibility of using the vacant site as a temporary Iravellers site over a 2 year period. The council were to supply all the infrastructure including a temporary building to act as a cornmunity hub. The Counril subsequently deaded to locate the tiavèlle15 sile èlsèwh8rè in Wdls811. with no spa¢e for the ¢ornrTTrunity hub, but had at that time procured the production of the temporary community hub. The council ha5 now offered lo the church rts hub building on a temporary basi5 for use oll our s((e. This 15 for the church's use and its interaction with the local community, while the funds and partners are conduded for the main building to be realised. To progrèss this opportunity the subrnitted planning permission has been granted for the lemporary building and subjed lo pre(ommencement conditions being extinguished we have engaged with suppliers and stalulory undertakers lo install the temporary building by Oclobor 2024. The Current adminbstralive offlces afe being vacated in June 2024. due to landlord future developments. wlh staff remote working until the temporary building is available in October 2024. THE CHURCH AT JUNCTION 10 TRUSTEES REPORT {CONTINUED}{INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Futur• plans There were no significant change5 in actimlies in the year. There were changes in the organisatsonal stru¢tuie {see section 'The organisalional struclure and how decisions are made") bui they have not altered the Church's activrties or plans for the future. It is still the intention to construct a nèw church building in the future., lo this end construction professionals from within the congregalK)n are developing plans Its engage extemal organisalions lo plan, cost and fund its dèvelopmènt. ContrlbuVon$ Irom volunteer8 The Church is dependent on the kind support of ils members in terms of giving time, money and prayer. Flnanclal revlow The accounts on pages 6 10 20 show the financial results for the year. The statement of financial actNities show total incoming reswrees for the year were £219,572 and resources expended were £181,823. At 31 December 2023 the Church has ae¢umulaled funds of £904,824 of which £36,669 relales to designated funds and £762,065 r&18tes lo reslrided funds. The Trustees consider that the liquid unrestricted reserves required by the Church should ideally be equivalent lo a rninimum of 3 months operating costs to cover the costs of winding up that would be incurred in the case of the Church cEasin9 to operate. These funds are shown as a designated fund and are held in a separate bank account. The Trustees have also resolved to establish additi￿al reserves lo prowde for )￿J￿re actiwtEs to reduce tfr following risks as sel out below. The Trustees identify the major risks to which the Church is exposed èach financial year. in parti￿lar those relating to the operations and finances of the Church. Th& Tiusteès review any major risks which are identified, and establish systems to mitigate those risks. The Church is $81isfied that systems are in place to mitigate the exposure to the major risks which had been so idèntified and reviewed.. Flnanclal rf$k$ The Church is open to thè usual finanual risks of any organisalion and introduced controls to minimise these risks, such as tr40 signatures being required for payments from Ihe bank account. In addition the financial statements are regularly explained lo members of the Church and are open for members inspeation al any lime. Investment In line with the Church's talent prograrnme. the Church has also invested some monie5 frorn the surplus in Iknowa Limited, a low risk investment retum mechanism, which Safeguards the inib.al inveslment and guaranlees a return. The Trustees rewewed the opportunty and agrèed lo proceed with the investment in 2020 and is being reviewed annually. The Trustèès agreèd lo conts'nuts wlh the investment during 2023. Other rfsk$ Work with children and vulnerable adults are open to risks. An Adult and Child Safeguaiding Policy covering work with the children and vulnerable adults is in operation and rewewed annualty. Police checks are requested lor anybody working with childrentyouth or vulnerable adults. Counselling and any Iransportalion of children and youth are done in pairs. THE CHURCH AT JUNCTION 10 TRUSTEES REPORT (CONTINUED)IINCLUDING DIRECTORS, REPORD FOR THE YEAR ENDED 31 DECEMBER 2023 Stnjcturn. gov•manc• and management The Church is a charitable company Ilmf(ed by guarantee. The Church's registered cornpany number is 06962947. The Church is also a registered charity, number 1132283. The ragislared office is cloAnothrome Ltd, Reservoir Place, Walsall. Wesl Midlands. WS2 9RZ. The Church Is governed by a trust deed and ils artides of association. Vve have had 1 Trustee step down and 1 Tru51ee appointed briThJing expèrtise fr￿￿ corporate business. Th8 Chair of Trustees will stand down by the end of June 2024. The Trustees appointed 3 leaders lo retain oversight of all chuT¢h matters, each tasked with maintainin9, deVelO￿.n9 and leading aspects of the running of the ChuTch in line with their gffting and strengths. The 3 leadèrs are all Trustees and are referred to as Elders wrthin the Church context. All 3 are answerable lo the Church Council. The Church Council meet regularly to discu55 and plan objectives and impl&mentstion thereof. General matters induding matters of general ¢oncem are reported to all Members annually. l rnatters are subjèct to prayer and Gods direction. Relatlonshlps with other groups, charities and Individuols The Church WOTks dosely with other smaller churches by assi51ing them with resourees and volunteers. The aim is that they will grow and beo)me indepèndènt. L•gal Status The Church is an incorporated charity govemed by a written constitution adopted by its members. There are no restrictions in the governing documènt on the operation of the Charity or on ils inve51rnent powers, other than those imposed by general Charty Law. The Trustees, who are also the directois for the purpose of company law, and who served during the year and up lo the date of signature ol the financial statements were.. Mr K Davi8 Mrs M Banks Mr J D Clark Mr AAkani Mr P Miles Mr P Begg MTS H Chiuriri {Resignod 31 July 2023) (Appointed 23 January 20231 Appolntment of Tru$tees New Trustees are recruited a5 deerned necessary. Trustees are inwted to attend Trustee and management meetings before being fomially appointed at a Trustéès rneeling. Ntsne of the TTuslees has any bonef￿131 inlgresl In the charity and company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up. Tralning and induction of Trustees Training and indudion of new Trustees is undertaken on infomial and ongoing basis wa discussions with existing Trustees, attendance of board meetings etc. Thè TiustÈe$ report was approved by the Board of Trustees. Dated.. 03 Sep.2024 r r MJJvs THE CHURCH AT JUNCTION 10 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CHURCH AT JUNCTION 10 I report lo the Trustees on my examination of the financlal statements of The Church al Jun¢lton 10 (the Church) foT the yeai ended 31 Decernber 2023. Rosponslbllltlos and basls of r•port A5 the charity Iruslees of the company land also its diredors for the purposes of cornpany law} you are responsible for the preparation of the accounts in accordarKe wlh the requirements of the Companios Act 20061"the 2006 Act.). Hawng satisfied myself that the 8ccoun15 01 the company are not required to be audit8d undèr Part 16 of the 2006 Act and ale eligible for independent exarninalion, I report in respect of my examinalK)n of your ¢ornpany's accounts as carried out under section 145 of Ihe Charities Act 2Q11 I'lhe 2011 Act l. In carrying out my examination I have followed the direction given by the Charity Commission under section 14515llbl of the 2011 Act. Ind•p8nd•nt •xamln•e$ $tatement I have completed my examination. I confirni that no matters have come to my attention in connection with the examination giving me cause to believe that in any materfal iespe¢l'. aC￿untIng rgcords We￿ not kept In ￿4)eCt of the company as required by seclion 386 of the 2006 Act.. or thè 8e¢ounls do not ac￿rd wlh Ih05e records., or the accovnls do not comply with the accounting requirements of sèction 396 ot the 20[￿ Act other than any requirement that the accounts five a true and lair wew which is not a matter consiYeTed as part ol an independent examination., or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice foi accounting and reporting by charities {applicabl8 to charities prepared their accounts in accordance wth the Finanaal Reporting Standard applicable in ihe UK and Republic of Ireland IFRS 10211. I have no concèrns and have ¢ome across no other matters in connection with the examination lo whlch attention should b8 drawn in thi5 report in order to enable a proper understanding of thè a¢¢ounts lo be reachgd. oq WA Hubbard FCCA Burgis & Bullock 2&25 Waterloo Place Leaminglon Spa Warwickshire CV32 SLA Dated.. . THE CHURCH AT JUNCTION 10 STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrnstrfctsd R¢$trfcted funds fund8 2023 2023 Total Unrestricted R•strl¢ted funds funds 2022 2022 Total 2023 2022 Notes Income from: Donations and legacies Investmènts 162.708 2,132 51.032 3.700 213,740 5,832 148.399 20.94S 57,498 536 205.897 21,481 Total incomo 164,840 54.732 219.572 169,344 58.034 227,378 Expendltum on: Charitable actiwties 173,936 7,887 181,823 171,511 25,807 197,318 Total èxpenditure 173,936 7,887 161,823 171,511 25,807 197,318 Net incom•lloxp•ndllurnl 19,096) 46.845 37,749 12,1671 32,227 30,060 Transfers behY8en fvnds 1300,3081 300.308 Other rocogni¥ed gain¥ and losses.. Ravalualion of tangible fiKe