Charity registration number 1132283 (England and Wales>
Company registration number 06962947
THE CHURCH AT JUNCTION 10
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

THE CHURCH AT JUNCTION 10
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr K Davis
Mr J D Clark
MrAAkani
Mr P Begg
Mrs H Chiuriri
Mrs S Elliot
Mrs R Kaguramamba-makwembere
{Appointed 18 June 2024)
(Appointed 19 November
20241
Charity number {England and Wales}
1132283
Company number
06962947
Registered office
clo Anochrome Ltd
Reservoir Place
Walsall
West Midlands
United Kingdom
WS2 9RZ
Independent examiner
Burgis & Bullock
23-25 Waterloo Pla
Leaminglon Spa
Warwickshire
CV32 SLA

THE CHURCH AT JUNCTION 10
CONTENTS
Page
Trustees report
Independent examiners report
Statement of financial activities
Balance sheet
Notes to the accounts
9-20

THE CHURCH AT JUNCTION 10
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees, who are also the Directors of the charitable company. present their report and accounts for the
year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the Church's memorandum and articles of association, the Companies Act
2006 and "Accounting and Reporting by Charities.. Stalement of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland IFRS 102) (effective 1 January 2019)"
Objectives and activities
The Church's objects are the advancement of Christian Religion by the proclamation and furtherance of the
Gospel according to God concerning His Son Jesus Christ the Lord.
During 2024 the Church continued in its main activities of Christian evangelism, worship and teaching. through a
model of congregalional and small group meetings. The Church meels in a local secondary school and has
aimed to be more involved in the life of the local communities in which it 15 based and where a local resource
centre is to be built in collaboration with Walsall Council.
The activities are centred on the church building, through traditional and online groups. supported by a
strengthening House Group structure. Further activities for special interest groups continued to be well
SUPPOrted, such as Youth Club and children's discipleship. This includes successfully linking with national and
local leadership development organisations to help develop young leaders.
The Church relied on offerings from the donors identified in the financial statements. whose support is valued.
There have been limited other fvndraising activities.
Through our tithe, our annual support for local. national and intemational missions continue.
Public benefit
The Truslees have paid due regard to guidance issued by Ihe Charity Commission on Public benefit in deciding
what activities the Church should undertake. Public benefit is delivered through the activities undertaken by the
Church as described above.
Achievements and perfonnance
The Board of Truslees (Church Counall are satisfied with the financial perfomiance of Ihe Church during the
year. In addition to progressing our plans for a new Church and resource centre, during 2024 the ongoing
objeclives of the Church were lo=
The missional communities programme is still active and serves the local communities of Walsall, bringing
supporting activities and core values, to help those of the Church. We continue to work closely wsth local schools
and other agencies within our community where possible.
Beyond and including traditional services and festivals. these activities were ￿nIred on prayer, Study. fellowship
and collective worship in our growing joumey groups.
The Church has sought to empower members through a variety of resources and activities that model Apostolic,
Prophetic, Evangelistic, Teaching and Pasloral ministries.
Our full time Youth and Child￿n.$ Pastor continues to develop and strengthen the focus of the Church's activities
around the young people associaled wtth our Church family.

THE CHURCH AT JUNCTION 10
TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
Our supporl of Ihe Love Walsall and wider Love Black Country iniliative has seen the Church partner with other
Christian charities to provide a united. efficient approach to mission and social action. This included partnering
with the local secondary school in July to host the Knife Bee sculpture. The sculpture is made from weapons
taken off the streets of Manchester and is an anti-violence crime inttiative aimed at making our streets safer by
raising awareness about the dangers of carying weapons. The entire school and local community were invited
to see it, and a special Sunday Service was held aimed at the local communty.
The Trustees are satisfied with the progress made during the year in furthering the objectives of the Church.
This conlinued in community engagemenl activity and the regular gathering oflhe Sunday congregation confims
the need to build a new building that will meet all the various demands from the congregation and community
works.
Building Project
In line wilh Ihe Church's long temi vision to re-estsblish tlself on the land a 323 Wolverhampton Road, 2024 was
year of faithhjl preparation, strategic alignment and patient perseverance.
Our commitment to see a
permanent, community-focused [a￿lIty emerge on the site remained slrong. despsle wider political and economic
uncertainty.
Throughout the year, we conlinued to strengthen relationships with like-minded organisalions who share our
vision for communty renewal. These partnerships
several now confimied in principle
are expected to
underpin the future co-utilisation of the new building, offering joined up services to meet the social, relational and
spiritual needs of the Alumwell community. In parallel. we engaged a bid-writing specialist to help identify and
pursue appropriate grant-based funding streams to support the delivery of the full facility.
While no fijrther construction or srf(e development tool place during 2024, the Church remained active behind the
scenes building the financial, govemance and parlnership frameworks necessary for sustainable delivery. It
was a year defined not by visible change, but by strategic preparation, reflecting the Church's commitment to
steward the vision with both faith and diligence.
One significant development related to the opportunity for a temporary facility on the land. In 2021, Walsall
Council approached the Church wilh a proposal to use our vacant Stte as a lemporary travellers site. This plan
included Council funded infrastructure and a modular building to serve as a community hub. Although the
Council ultimately located the travellers site elsewhere in the borough and removed provision for a community
hub from their revised plans - the modular building had already entered procurement.
In 2024, the Council offered this modular building to the Church for repurposing and temporary use on our site,
recognising the alignment between the Church's vision and the Borough's wder regeneration priorities.
partnership with the Council, it was agreed that this temporary facility - now referred to as the tARC (temporary
Alumwell Resource Cenlrel - would be used by the Church nol onty for intemal activities but also for delivering a
range of community outreach and support initiatives in Alumwell. This indudes engaging local residents through
food supporl, family services and well being programmes. laying the groundwork for fvture, more permanent
provision.
To progress this opportunty. planning pemiission for the IARC was secured in 2023. During 2024, the Church
worked with suppliers, statutory undertakers and the Local Planning Authority to prepare for delivery, including
steps lo satisfy remaining pre-commencement planning conditions. Subject to these being resolved, we
anticipate installation and commissioning of the tARC by Spring 2025.
While the full vision for a permanent Alumwell Resource Centre (ARC) remains our long term goal, the IARC
represents a vital first step enabling us to serve the community more directy, build relationships locally and
create a visible presence on the land, even as long temi fundraising and development conlinue.
We ended 2024 with hopefvl anticipation. The national shift in political leadership following the General Election
brought a pause to several funding programmes under the previous Govemment, including the Healthy Levelling
Up Fund through which our initial application had been submitted. However, the incoming Labour administration
launched the Community Regeneration Partnerships (CRP) fund as a successor programme. In collaboration
with Walsall Council. we actively repositioned our proposal wtthin this new framework. Though final decisions
had not been made by the year end, we entered 2025 with cautious optimism thal this new scheme could
translate into a significant investment for Ihe realisalion of the ARC.

THE CHURCH AT JUNCTION 10
TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
Future plans
There were no significanl changes in activities in the year. There were changes in the organisational structure
(see section "The organisational structure and how decisions are made") but Ihey did not impact the Church's
activities or plans for the future. It is still the intention to construct a new church building in the future., to this end
conslruclion professionals from within the congregation are developing plans to engage exlernal organisalions lo
plan. cost and fund its development.
Contributions from volunteers
The Church is dependent on the kind support of its members in temis of giving time, money and prayer.
Financial review
The accounls on pages 6 10 19 show the financial results for the year.
The statement of financial activities show total incoming resources for the year were £225,854 and resources
expended were £197,809.
Al 31 December 2024 the Church has accumulated funds of £932,869 of which £36,669 relales lo designated
funds and £808,044 relates to restricted funds.
The Trustees consider that the liquid unrestricted reserves required by the Church should idealty be equivalent to
a minimum of 3 months operating costs to cover the costs of winding up that would be incurred in the case of the
Church ceasing to operate. These funds are shown as a designated fvnd and are held in a separate bank
account.
The Trustees have also resolved to establish additional reserves to provide for future activities to reduce the
following risks as set out below.
The Trustees identify the major risks to vthich the Church is exposed each financial year, in particular those
relating to the operations and finances of the Church. The Truslees review any major risks which are idenlified,
and establish systems to mitigate those risks. The Church is satisfied that systems are in place to mitigate the
exposure to the major risks which had been so identified and reviewed..
Financial risks
The Church is open to the usual financial risks of any organisation and introduced controls lo minimise these
risks, such as two signatures being required for payments from the bank account. In addition the financial
statemenls are regularly explained to members of the Church and are open for members inspection al any time.
Investment
In line wilh Ihe Church's tslent programme, the Church has also invested some monies from Ihe surplus in
Iknowa Limited, a low risk investment retum mechanism. which safeguards the initial investment and guarantees
a return. The Trustees reviewed the opportunty and agreed to proceed with the investment in 2020 and is being
reviewed annually. The Trustees agreed to conlinue with the investmenl during 2024.
Other risks
Work with children and vulnerable adults are open to risks. An Aduli and Child Safeguarding Policy covering
work with the children and vulnerable adults is in operation and reviewed annualty- Police checks are requested
for anybody working with childrenfyoulh or vulnerable adults. Counselling and any transportation of children and
youth are done in pairs.

THE CHURCH AT JUNCTION 10
TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
Structure. governance and management
The Church is a charitable company limited by guarantee. The Church's registered company number is
06962947. The Church is also a registered charity, number 1132283.
The registered Offi￿ is clo Anochrome Ltd, Reservoir Pla￿. Walsall, West Midlands, WS2 9RZ.
The Church is govemed by a trust deed and it5 articles of association.
We have had 1 Trustee, the Chair of Trustees. step down in June 2024 and 2 new Trustees appointed bringing
additional expertise from corporate business.
Three leaders (Elders) continue to retain oversight of all church matters. each tasked wtth maintaining,
developing and leading aspects of the running of the Church in line with their gifting and strengths. 2 of Ihe
leaders are Trustees and are referred to as Elders within the Church context. All 3 are answerable to the Church
Council.
The Church Council meet regularly to discuss and plan objectives and implementation thereof. General matters
including matters of general concern are reported to all members annualty.
All matters are subject to prayer and God's direction.
Relationships with other groups, charities and individuals
The Church works closely with other smaller churches by assisting them with resources and volunleers. The aim
is that they will grow and become independent.
Legal status
The Church is an incorporated charity govemed by a written constitution adopted by its members. There are no
restrictions in the goveming documenl on the operation of the Charity or on its investment powers, olher than
those imposed by general Chanty Law.
The Trustees, who are also the director5 for the purpose of company law. and who served during the year and up
to the dale of signature of the financial statements were..
Mr K Davis
Mr J D Clark
MrAAkani
Mr P Miles
Mr P Begg
Mrs H Chiuriri
Mrs S Elliot
Mrs R Kaguramamba-makwembere
{Resigned 18 June 2024)
{Appointed 18 June 2024)
{Appointed 19 November 2024)
Appointrnent of Trustees
New Truslees are recruited as deemed ne￿$Sary. New Trustees are invited to attend Trustee and management
meetings before being formally appointed at a Trustees meeting.
None of Ihe Truslees has any beneficial interest 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.
Training and induction of Trustees
Training and induction of new Trustees is undertaken on an infomial and ongoing basis via discussions with
existing Truslees, altendance of board meetings etc.
The Trustees reporl was approved by the Board of Trustees.
28 Jul 2025
Dated..
MrAAkani

THE CHURCH AT JUNCTION 10
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE CHURCH AT JUNCTION 10
I report to the Trustees on my examination of the financial statements of The Church at Junction 10 (the
Church) for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity trustees of the company (and also its directors for Ihe purposes of company law) you are
responsible for the preparalion of the accounts in accordance with the requirements of the Companies Act
2006 (,￿e 2006 Acr).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the
2006 Acl and are eligible for independent examination, I report in respect of my examination of your company's
accounts as carried out under section 145 of Ihe Charities Act 2011 {'Ihe 2011 Act"). In carrying oul my
examination I have followed the direction given by the Charity Commission under section 145151{bl of the 2011
Act.
Independent examinerfs ststement
I have completed my examination. I confimi that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect=
accounting records were not kept in respect of the company as required by section 386 of the 2006
Act- or
the accounts do not accord with those records., or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other
than any requirement that the accounls five a true and fair view which is not a matter considered as part of an
independent examination- or
Ihe accounts have nol been prepared in accordance wilh the methods and principles of Ihe
Statement of Recommended Practice for accounting and reporting by charities (applicable to
charities prepared their accounts in accordance wilh the Financial Reporting Slandard applicable in
Ihe UK and Republic of Ireland {FRS 102)).
I have no concems and have come across no other matters in connection with Ihe examinalion lo which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
W A Hubbard FCCA
Burgis & Bullock
23-25 Waterfoo Place
Leamington Spa
Watwickshire
CV32 SLA
28th July 2025
Dated..

THE CHURCH AT JUNCTION 10
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
Income from:
Donations and legacies
Inveslments
169,147
3,068
49,822
3,817
218,969
6,885
162,708
2,132
51,032
3,700
213,740
5,832
Tolal income
172,215
53,639
225,854
164,840
54,732
219,572
Expenditure on:
Charilable activilies
190,149
7,660
197,809
173,936
7,887
181,823
Total expenditure
190,149
7,660
197,809
173,936
7,887
181,823
Net incomel{expenditure) and
movement in funds
{17,934)
45,979
28,045
{9,096)
46,845
37,749
Reconciliation of funds:
Fund balances at 1 January
2024
142,759
762,065
904,824
151,855
715,220
867,075
Fund balances at 31
December 2024
124,825
808,044
932,869
142,759
762,065
904,824
The statement of financial activities includes all gains and losses ￿CogniSed in the year. All income and expenditure
derive from continuing activities.

THE CHURCH AT JUNCTION 10
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Notes
Fixed assets
Tangible assets
Investments
500,137
5,000
504,147
11,527
505.137
515,674
Current assets
Debtors
Inveslments
Cash at bank and in hand
10
11
34.210
15.000
383.390
7,876
386,664
432.600
394,540
Creditors: amounts falling due within
one year
12
{4.868)
15,390)
Net current assets
427.732
389,150
Total assets less current liabilities
932,869
904,824
Income funds
General restricted funds
Revaluation reserve
460.329
347,715
414,350
347,715
14
808,044
762,065
Unrestricted funds
Designated funds
General unrestricted funds
15
36,669
88.156
36,669
106,090
124,825
142,759
932,869
904,824

THE CHURCH AT JUNCTION 10
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
The company is enlttled to the exemption from the audtt requirement contained in section 477 of the Companies Act
2006, for the year ended 31 December 2024.The members have not required the company to obtain an audit of its
financial ststements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for comptying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of finanaal statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
28 Jul 2025
The financial statements were approved by the Trustees on .........................
AL_
MrAAkani
Trustee
Company Registration No. 06962947

THE CHURCH AT JUNCTION 10
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
Charity infonnation
The Church at Junction 10 is a private company limited by guarantee incorporated in England and Wales. The
registered office is clo Anochrome Ltd, Reservoir Place, Walsall, West Midlands, WS2 9RZ, United Kingdom.
1.1 Accounting convention
The financial stalemenls have been p￿pared in accordance with the Church's memorandum and articles of
association,
the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing Iheir accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 20191" The
Church is a Public Benefit Entty as defined by FRS 102.
The accounts are prepared in sterling, which is the functional currency of the Church. Monetary amounts in
these financial slatements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention, modified lo include the revaluation of
freehold land due for development. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the accounts. the Trustees have a reasonable expedation that the Church has
adequate resources lo continue in operalional existence for Ihe foreseeable future. Thus the Trustees
continue to adopt the going concem basis of accounting in preparing the accounts.
1.3 Charitable funds
Unreslricled funds are available for use at the discretion of the Trustees in fvrtherance of their charitable
objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the noles lo the financial statements.
1.4 Incoming resources
Income is recognised when the Church is legalty entilled to it afler any performance conditions have been
met, the amounts can be measured reliabty. and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Church has been
notified of the donation, unless Performan￿ conditions require deferral of the amount. Income tax
recoverable in relation to donations received under GiftAid is recognised at the time of the donation.
1.5 Resources expended
Liabilities are recognised on the accruals basis in accordance with nomial accounting principles.
All expenditure is accounted for on an accruals basis and has been classtfied under headings that aggregate
all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to
make payments to third parties, it is probable that the settlement will be required and the amounl of the
obligation can be measured reliabty. It is categorised under the following headings..
Charilable aclivilies- expenditure incurred relating directy lo the charitable activities of Ihe Church.,
Support costs and Governance costs are allocated between charitable and other activities on a basis
consistent with the use of resources.

THE CHURCH AT JUNCTION 10
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
(Continued)
Support costs are those costs which enable fijnd generating and charitable acttvities to be undertaken. These
costs include finance, managemenl and administration. Where expenditure incurred relates lo more than one
cost category it is apportioned using a method considered appropriate for each case.
Governance costs are associated with the govemance arrangements of the Church at Junction 10, and relate
to the general running of the Church. These costs include accounlancy costs associated with meeting
constitutional and statutory requirements of the Church.
1.6 Tangible fixed assets
Tangible fixed assets are initialty measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impaimient losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Freehold land
Fixtures and fittings
200A straight line
The gain or loss arising on the disposal of an asset is detennined as the difference between the sale
proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Fixed asset investments
Fixed asset investments are initialty measured at transaction price excluding transaction costs, and are
subsequently measured at tsir value al each reporting date. Changes in fair value are recognised in net
incomellexpenditure) for the year. Transaction costs are expensed as incurred.
1.8 Impaimient of fixed assets
Al each reporting end date, the Church ￿vIewS the carrying amounts of its tangible fixed assets to detemiine
whether there is any indication that those assets have suffered an impaimient loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to detemine the exlent of the impaimient
loss (rf any).
1.9 Financial instruments
The Church has elected lo apply the provisions of Section 11 'Basic Financial Instruments. and Section 12
'Olher Financial Inslrumenls Issues, of FRS 102 to all of tls financial instruments.
Financial instruments are recognised in the Church's balance sheet when the Church becomes party to the
contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured al transaction price.
Financial assets classified as receivable within one year are not amortised.
10-

THE CHURCH AT JUNCTION 10
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, e.g. creditors, are recognised al transaction price unless the arrangemenl constitutes
a financing transaction, where the debt instrument is measured at the present value of the future receipts
discounted al a market rale of interest. Financial liabilities classified as payable within one year are not
amortised.
Trade creditors are obligations to pay for goods or servi￿$ that have been acquired in Ihe ordinary course of
operations from suppliers. Amounts payable are dasstfied as current liabilities rf payment is due within one
year or less.
Derecognition of financial liabilities
Financial liabilities are derecognised wthen the Church's contractual obligations expire or are discharged or
cancelled.
1.10 Employee benefits
The cosl of any unused holiday entittement is recognised in the period in which the employee's services are
received.
Termination beneffts are recognised immedialety as an expense when the Church is demonstrably committed
to temiinate the employment of an employee or to provide termination benefits.
1.11 Retirement benefits
Paymenls to defined contribution retirement benefft schemes are charged as an expense as they fall due.
1.12 Mixed motive inveslment
The mixed motive investment is measured at Cost with the carrying amount adjusted in subsequent years to
reflect repayments and any accrued interest and adjusted is necessary for any impairment.
Any impairment and any gainsllosses on disposal are included wtlhin gainsAosses on investments.
Income from donations and legacies
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Totsl
2024
2023
Donations and gifts
169,147
49,822
218,969
162,708
51,032
213,740
11

THE CHURCH AT JUNCTION 10
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Charitable activities
2024
2023
Staff cosls
Tithes
Apostolic (excluding Tithes)
Pastoral (excluding Tithes)
Evangelistic (excluding Tithes)
Teaching {excluding Tithes)
Buildings
New Church
72,571
18,839
6,065
12,267
4,959
3,146
37,768
7,660
67,828
15,293
5,738
9,035
6,261
2,405
28,913
7,887
163,275
143,360
Share of support cosls (see nole 5)
Share ofg0veMan￿ costs (see note 5)
30,800
3,734
35,813
2,650
197,809
181,823
Analysis by fund
Unrestricted funds
Restricted funds
190,149
7,660
173,936
7,887
197,809
181,823
13-

THE CHURCH AT JUNCTION 10
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Support Costs
Support Govemance
costs
costs
2024
2023 Basis of allocation
Staff costs
Depreciation
Office costs
Vine Trust service costs
Other costs
14.598
4,010
7.300
14,598
4,010
7,300
14.649 loo0￿ charitable
4,509 1 OOO/D charitable
3,794 100 /0 charitable
499 1000/ts charitable
12,362 100 /0 charitable
4.892
4,892
Independent examiners
fees
Governance
3.734
3,734
2,650
30.800
3.734
34,534
38.463
Anatysed between
Charitable activities
30,800
3,734
34,534
38,463
Net movement in funds
2024
2023
The net movement in funds is ststed after chargingl{crediting)=
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned langible fixed assets
3.734
4,010
2,650
4,509
14-

THE CHURCH AT JUNCTION 10
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Employees
Number of employees
The average monthly number of employees during the yearwas..
2024
Number
2023
Number
Engaged on charilable activities
Administration
Employment costs
2024
2023
Wages and salaries
other pension costs
82,843
4,326
78,357
4,120
87,169
82,477
Key Management Personnel costs= Remuneration, including pension and employerfs national insurance
contributions, of key management personnel totalled £27,800 (2023.. £26,416}.
There were no employees whose annual remuneration was £60,000 or more.
15-

THE CHURCH AT JUNCTION 10
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Tangible fixed assets
Freehold land Flxtures and
and bulldlngs
ffttlngs
Total
Cost or valuation
Al 1 January 2024
500,000
23,441
523,441
At 31 December 2024
500,000
23,441
523,441
Depreciation and impairnient
At 1 January 2024
Depreciation charged in the year
19,294
4.010
19,294
4,010
At 31 December 2024
23.304
23,304
Carrying amount
At 31 December 2024
500,000
137
500,137
At 31 December 2023
500.000
4,147
504,147
The carrying value of land included in land and buildings comprises=
2024
2023
Freehold land al current
valuation
515.741
500,000
The land was revalued on 10 January 2023 by N J Plant. MRICS of PGB Chartered Surveyors. The
valualion is based on Ihe freehold market value. The Trustees consider Ihal this represenl current markel
value at 31 December 2024.
At 31 De￿mber 2024, had the revalued asset been carried at historic cost less accurnulated depreciation
and accumulated impaimient losses, the carrying amount would have been £152,285 (2023- £152,285)-
16-

THE CHURCH AT JUNCTION 10
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Fixed asset investments
Investment loan
note
Cost or valuation
At 1 January 2024
Interest re￿iVed
Disposals
11,527
491
17,018)
At 31 December 2024
5,000
Carrying amount
At 31 December 2024
5,000
At 31 December 2023
11,527
10 Debtors
2024
2023
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
6,130
28,080
6,806
1,070
34,210
7,876
11 Current asset investments
2024
2023
Unlisted investments
15.000
12 Creditors: amounts falling due within one year
2024
2023
Accruals and deferred income
4.868
5,390
13 Retirement benefit schemes
2024
2023
Defined contribution schemes
Charge to profit or loss in respect of defined conlribution schemes
4,326
4,120
17-

THE CHURCH AT JUNCTION 10
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
13 Retirement benefit schemes
(Continued)
The Church operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separatety from those of the Church in an independentty administered fund.
14 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At 1 January
2024
Incoming
resources
Resources
expended
At31
December
2024
New Church
Special collections
Community Fund
757.042
23
5.000
53,639
(7.6601
803,021
23
5,000
762.065
53,639
{7,6601
808,044
Previous year:
At 1 January
2023
Incoming
resources
Resources
expended
At31
December
2023
New Church
Special collections
Community Fund
710.197
23
5.000
54,732
{7,8871
757,042
23
5,000
715.220
54,732
(7,8871
762,065
The Community Fund has been set up to support communty works that will be undertaken in Ihe temporary
building. The monies are to be used for activities related to cofflmunity events cairied out in the temporary
building.
18-

THE CHURCH AT JUNCTION 10
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
15 Unrestricted funds
The unreslricled funds of the charity comprise the unexpended balances of donalions and granls which are
not subject to specific conditions by donors and grantors a5 to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 January
2024
Incoming
resources
Resources
expended
At31
December
2024
Designated Contingency Fund
General funds
36.669
106.090
36,669
88,156
172,215
(190.1491
142.759
172,215
(190,1491
124,825
Previous year:
At 1 January
2023
Incoming
resources
Resources
expended
At31
December
2023
Designated Contingency Fund
General funds
36.669
115,186
36,669
106,090
164,840
{173,9361
151,855
164,840
{173,9361
142,759
16 Analysis of net assets between funds
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
At 31 December 2024:
Tangible assets
Investments
Currenl assetsllliabilities)
(15,604)
5,000
135,429
515.741
500,137
5,000
427,732
292.303
124,825
808,044
932,869
Unrestricted
funds
2023
Reslri¢ted
funds
2023
Totsl
2023
At 31 December 2023:
Tangible assets
Investments
Current assetsllliabilities}
4,147
11,527
127,085
500.000
504,147
11,527
389,150
262.065
142,759
762.065
904,824
19-

THE CHURCH AT JUNCTION 10
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
17 Related party transactions
Transactions with related parties
During the year the Church entered into the following transactions with related parties=
Mr K Davis ITrustee) is also Chief Executive of The Vine Trust, Walsall. During the year the church paid
£8,796 (2023 £8,387) for services provided by The Vine Trust.
During the year expenses were reimbursed to the 3 trustees totalling £227 (2023 £122).
-20-