Charity registration number 1132283 (England and Wal> Company regostratlon number 06962947 THE CHURCH AT JUNCTION 10 ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
THE CHURCH AT JUNCTION 10 LEGAL AND ADMINISTRATIVE INFORMATION Trustoès Mr K Davis Mr J D Clark Mr AAkani Mr P Begg Mrs H Chiuriri Mrs S Elliot Charlty number (England and Wales) 1132283 Company number 06%2947 Regljtered offlce 323 Wofverhampton Road Walsall WS2 8RL Ind•p•nd•nt •xomln•r Burgl$ & Bullo¢k 2>25 Waterfoo Plac Leamington Spa Wa1Ckshl CV32 SLA
THE CHURCH AT JUNCTION 10 CONTENTS Pa9• Trustees report Independent examiners report Statement of financial activities Balance sheet Notes to the account$ 10-21
THE CHURCH AT JUNCTION 10 TRUSTEES REPORT IINCLUDING DIRECTORS. REPORT FOR THE YEAR ENDED 31 DECEAIBER 2025 The Trustees, who are also the Directors of the charitable company. present their report and accounts for the year ended 31 December 2025. The finanrial statements have been prepared in accordance with the accounbng poliries set out in note 1 to the financial staternents and cornpty with the Church's memorandurn and artides of a55ooiation. the Cornpanies Act 2006 and Accountin9 and Reporting by Charities". Staternent of Recornmended Practice applicable to charities preparing their accounts in accordance with the Financial Repo"n9 Standaid applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191". Oblectlves and actlvltles The Church's objects are the advancemènt ol Christsan Religion by the prodamation and furtherance ol the Gospel according to God concerning His Son Jesus Chrisl the Lord. Throughout 2025. the Church maintained its core foojs on Christian evangelism. worship and teaching by organising both congreg8tional gatherings and small group meetings. The Church hold5 its main Sunday service8 at a local secondary school but also operates the fvlty equipped Mumwell Resource Centre IARCI at rts primary lo¢alion, 323 Wolverhampton Road, Vwdlsall, following the $u¢¢essfvl completion of pha$e one of the ARC building project in 2025. D¢èpty invofvetl in lh& $urrounding ¢ommunrtiè$, the Chur¢h strlv¢$ to $trengthan these ties even further. The organisation's actNities centre around church gTOWth. facilitated through both traditional and online groups and bolstered by an expanding House Group framework. SperAal interest inrtiatives. such 83 the Youth Club and chil(Jren's di5ciple3hip programme5. conbnue lo receive strong support. These effort5 include productive collaborations wrth national and lo¢al leadership development organi$atKJn$ lo nurture emer9ing young leaders. The Church relied on offerings from th8 donors idenbfied in the finanual statements, whose support is valued. There have been limited other fundraising aciivities. Through our lithe, our 8nnu81 Svpport frjr local, nalionèl and intemaiional missions ctsntinue. Publ1¢ b¢n¢flt Thè Trusteès h8ve paid duè règard to guidance issued by the Chanty Commission on Public benèfit in deciding what activities the Church should undertake. Public benefit is delivered through the actsvthes undertaken by the Church as described above. Achlevements and perfomiance The Board of Trustees Ichurch Council) are satisfied wth the finanual perfomiance of the Church durlng the year. During 2025 the ongoing objectives of the Church were to.. The rnissional cornrnunities programme is still active and serves the lo1 cofnmvnitie5 of Walsall. bringing supporting activities and core v8lues. lo help Church members. continue to work dosely wlh local schools 8nd othÈr 8gènoes wrthin our communrty whèrè pos$iblg. Beyond and including tradib.onal services and fests"vals. these aclivilies were ntred on prayer, study, fellowship and collective worship in our growing journey groups. The Church has soughl lo ernpower members through a ¥aty of resourcEs and activities that model Apostolic, Prophetic, Evangelistic. Teaching and Pasloral Minist5. Our full time Youth and Chil¢Jren's Pastor has focused on developing and stn9then1Thg youth related activities within our Church famity. After their resignab.on in Ociober, we began searching for a suitable replacement and have put inlerirn rneasures in place lo ensure all duties are covered.
THE CHURCH AT JUNCTION 10 TRUSTEES REPORT ICONTINUEDI(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEAIBER 2025 Our support of the Love Walsall and the wider Love Black Country nelwork has continued to strengthen the Church's partnership with other Christian organisations across Walsall and the wider region. During the year this included involvement in joint festivals and witness at Pentecost. Easter and Christmas, support for inter-youth activities. mental health and collaboration projeL15. and participation in the regular monthty breakfasts that bring church le8deis together. These relationships have helped support a more joined up Ghrist18n response lo ¢ommunty need, mission and pr8y8r. The Trustees a satisfied with the prog9$ made during the year in furthering the objectives of the Church. This continued in community engagement aclivity and the gUlar gathering ol the Sunday congregation confirms the need to build a new building that will meel all the various demands from the congregatB)n and communty works. Bulld5ng Prol•et In alignment with the Church's strategic vis¥)n to fe-establish ils presence at 323 Wotvethampton Road site, phase 1 01 the project to construct a pernianent. community orienlaled facility was successfully completed in 202S. This facililaled the opening of ARC Phase 1. a new facility. nol fijlty operational and supporting a growing range of church and comrnunity activity. as well as enabling the retum of church 8dministr8tion office5 to the site. ongside this. the Church has continued lo prepare Iw ARC Phase 2 by developing partnerships and shared use relationships that will help shapè thè next stagè of this ¢ommunity focusèd vision Durfng the y8ar the Church secured and enlered into the gcant arrangements supporting the Mdèr Alumwell Resource Centre IARCI project. representing an investment of approximatety £3 million. Mongside this, the Church acquired and opened the temporary Alurrwell Resource Cenlre ItARCI and continued progressing plans for the permanent ARC facility. FUre pl•n$ Th¥re wer¥ no significant ¢h8ng&s in activilie$ in th¢ y¢ar. Th&re ¢hanges in th¥ organis8tional slruclurtr Isee section "The organisational slructure and how decIsnS are made") bul they did not impact the Church's activities or plans for the future. It is still the intention lo construct a new church building in the lulure,. to this end construction professionals from wrthin the congregation are developing plans to engage extemal organisations (o plan. cost and fvnd its development. Contrlbutlon• from voluntèèrn The Chur¢h is dop8nd8nt on th• kind support of its mèmbers in t&m$ of giving tome. monèy and prayèr. Flnanclal revlew The awoun15 on pages 610 19 show Ihe financial results for the year. The statement of finanaal activities show total inconNn9 resources for the y&ar were £999,991 and rèsources expended were £208,833. At 31 December 2025 the Church has acumulated funds of £1.724.027 of whKh £36.669 relates to designated funds and £1.582.438 relate3 to restricled funds. Thtr Trustees consider that the INuid unrestricted ieserves iequired by the Churth should idealty be Èquivalent to a minimum of 3 months operating costs to cover the costs of wnding up that would be incurred in the case of the Church ceasing to operate. These funds are shovm as a designated lund and are held in a separate bank account. The Trustees have also resolved to est8bli$h additional reserves lo provKle for fulvre ath'vth'es lo dUce the following risks a5 set out below.
THE CHURCH AT JUNCTION 10 TRUSTEES REPORT ICONTINUEDI(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEAIBER 2025 The Trustees identify the major risks to which the Chucch is exposed each ffinancial year, in particular those relating lo the operations and finances of the Church. The Tnjslees review any major risks which are identified, and establish systems to rnitigate those risks. The Chufth is satisfied thal systems are in place to miligale the exposure to the major risks which had been so idenlified and reviewed.. Flnanclal rlsks The Church Is open to the usual finanual risks of any ofganisab.on and introduced controls to minimise these risks. In addition the finanoal statements are regularty explained to members of the Church and are open for mernbers inspection at any time. Investment In line with the Chur¢h's tslenl programme, the Churth has also invested some monies from the surplus in Iknowa Limited, a low risk investment retum mechanism, which saleguards the initial investment and guarantees a return. The Trustees reviewed the opportunrty and agreed to proceed with the investment in 2020 and is being reviewed annualty. The Trustees agreed lo continue wilh the investment during 2025. Other rlsks Work with children and vulnerable advlt$ are open lo risks. An an(J Child Safeguarding Policy covering work with the children and vulnerable adults is In operation and reviewed annualty. Police checks are requested lor anybody working with childrèntyouth or vulnerable adutts. Coun$•lling and any transportation ol ¢hildr&n and youth are done in pairs.
THE CHURCH AT JUNCTION 10 TRUSTEES REPORT ICONTINUEDI(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEAIBER 2025 Struetur•. gov•mane• and managèm•nt The Church is a charitable company limited by guarantee. The Churth's registeTed company nurnber is 06962947. The Church is also a ie915tered chartty, number 1132283. The registered office is clo Anochrome Ltd. Reseryoif Place. Walsal, West Midlands, WS2 9RZ. The Church is govemed by a trust deed and rts arfides of asswation. We h8ve h8d 1 Trustee step down in Juty 2025. but Is yet to be replaced as we are undertaking 4 review ofthe leadership and govemance structure of the Church going forwafd. Three leaders IEldersl continue Io retain oversh1 of all church matters. each tasked wtth maintaining. developing and leading aspects of the njnning of the Church in line with their gifting and strengths. 2 of the leaders are Trustees and are referred to as Elders within Ihe Church conlext. All 3 are answerable to the Church Council. The Church Counul meet regulaty to discuss and plan objectives and Implementation thereof. General matters including matters of general concern are reported to all membe(s annualty. I matters are subject to prayer and God's direction. Rglatlon?hlps th other group3. chorftles and IndlvlduJl¥ Thè Church works closety with other smaller churches by assisting them wlh rfj$ourcss and volunteers. Tho alm Is that Ihoy will 9row and become indepèndènl. Logal status The Church is an incorporated charity govemed by a written constitution adopted by its members. There are no restrictions in the governing d0men¢ on the operalion ol the Charty or on its investment powers, other than those imposed by general Ch8rty Law. The Trustees, who are also the direclors for the purpose of company law. and who Seed during the year and up to the date of signature ol the financial statements were.. Mr K Davis Mr J D Clark MrAAkani Mr P Begg Mrs H Chiuriri Mrs S Elliot Mrs R Kaguramamba-MakwembeTe (Resigned 8 Juty 20251 Appointm•nt ot Tru•to•8 New Trustees are recruited as deemed necessary. New Trustees are invited to attend Trustee and management meetings before being fomalfy appointed at a Trustees meeting. None of the Trustees has any beneficial inlerest in the charity and company. All ol the Trustees are members of the company and guarantee to conln'bute £1 in the evenl of a wn(Jing up. Training and induction of Tru¥tee Training and induction of new Trustees is undertaken on an infomial and ongoing basis via discussions wth existing Trustees. attendance ol board meth.ngs etc. The Trustees report was approved by the Boatd of Ttustees. Dated". 16 Jul 2026 MrA Akani
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 Ithe Church) for the year ended 31 December 2025. Responsibilities and basis of report As the charity trustees of the company land also rts d1Clor$ for the purposes of company lawl you are responsible for the preparatson of the accounts in accordance wth the requiremenls of the Companies Act 20061"the 2006 Act'i. Having s8tisfied myself that the accounts of the wmpany are not required to be audited under P8rt 16 of the 2006 Act and 8re eligible for indepgndent examination. I ieport in resped of rny examination of your ¢ornpany's accounts as carried out under section 145 of Ihe Charibes Act 2011 Ilhe 2011 Act"). In carrying out my examination I have followed Ihe dIrecOn given ty the Charity Commission untJer sects.on 14515llbl of the 2011 Act. Independent examlnerf• Statsment I have completed my examination. I confirm that no matters have come lo my attention in connection wth the examination giving me cause to believe thal in any malenal respect.. arxounling Tecords were not kept in respecl ofthe company a8 required by section 386 oflhe 2006 A¢l', or the accounts do not accord with tho$& r&cords", or the a¢counts do not ¢ompty wrth Ihè a¢¢ountin9 requirements of section 396 of the 2006 Act Othor than any requirement that the accounts five a Irue and fair view which is not a matter considered as part ol an independent examination.. or the accounts have not been prepared in arLordance with the methods and principles ol the Statement of Recommended Practice for accounbng and reporting by charities (applicable lo charities prepared their accounts in accordance wilh the Financial Reports'ng Sl8nd8rd 8pplic8ble in the UK and R&publi¢ of Ir¢land IFRS 10211. I have no concerns and have come across no other matters in conneciion with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be ached. Independent examlnerfs slaiement Since the Church's gross income exceeded £250.000. the independent examiner must be a member of a body listed in section 145 of Ihe Charibes Acl 2011. 1 confirm thal l am qualified to undertake the examination because l arn a mernber ol Ihe Institute of Charlered AccAwntants in England and Wales. which 16 one of the listed bodies. WAHubbard FCCA Burgis & Bullock 23-25 Vvaterfoo Place Leamington Sp8 Warwickshi CV32 SLA 16th July 2026 Dated".
THE CHURCH AT JUNCTION 10 STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEAIBER 2025 Unrestrlcted Restrlcted lunds funds 2025 2025 Total Unrestrlcted Restrlcted fund8 funds 2024 2024 Total 202S 2024 Notès Income from: Donations and legacies Investments 182,244 5.744 809,465 2.538 991,709 8.282 169.147 3.068 49,822 3.817 218,969 8,885 Total Incorn? 1B7.988 812.C(13 999.991 172.215 53.639 225.854 Expèndlturè on.. Charitsble activitie8 171.224 37.609 208.833 I.149 7.660 197.809 Total exp?ndltur• 171.224 37.609 208.833 Is).149 7.660 197,809 Net In¢om? and mov•ment In fund$ 16,764 774,394 791,158 117,9341 45,979 28,045 R•conelllatlon ol lund•: Fund bal8n¢e8 at 1 January 2025 124,825 808,044 932,869 142,759 762,065 904,824 Fund balanc*• at 31 O•c•mb•r 2025 141,589 1,582,438 1.724.027 124.825 808.044 932,869 Th¥ statement of finan¢i81 a¢b'vib&s indudes all 90ins and bsses re¢ognised in th¥ y¥ar. All in¢om& an¢J expenditu derive from continuing activities.
THE CHURCH AT JUNCTION 10 BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Notes Flx•d assèts Tangible assets Investments 1.246.996 20,000 500,137 5,000 1,266,996 505,137 Curren¢ a8Jets Debtors Investrnenls Cash at bank and in hand 10 11 312,592 34,210 15,OCKJ 383,390 355,013 667.605 432.600 Cr•dltors'. amounts lalllng du• vAthln on• y•ar 12 1210,5741 14,8681 Net cunt assets 457.031 427,732 Total a88et8 le88 curr•nt Ilabllllle8 1.724.027 932.869 Incom• fund• Gener81 restricted funtjs RevaluatMJn reserve 1,234,723 347,715 460,329 347,715 14 1.582.438 808,044 Designated funds General unrestricted funds 15 36.669 104,920 38,869 88,156 141.589 124,825 1.724.027 932,869
THE CHURCH AT JUNCTION 10 BALANCE SHEET ICONTINUED AS AT 31 DECEMBER 2025 The company is entrtled to the exemption Irom the audrt cequirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2025.The members have not required the company to obtain an audit of its financial statements for the year in question in accordance wrth secb'on 476. The directors acknoedge their responsibiliti'e5 for cofflptying with the requirement$ of the Companitr$ Act 20(kS with respect to accounting records and the preparation of finanual statements. These financial statements have been prepared in accordance with Ihe provisions applicable to companies subject to the small companies regime. 16 Jul 2026 The fin8ncial ststements were 8pproved by the Trustees on ......................... r4 AL_ MrAAkani Trustee Compony R•gl¥tr8tlon No. 06962947
THE CHURCH AT JUNCTION 10 STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEAIBER 2025 2025 2024 Note$ Cash flows from opèrating aetlvitl•s Cash generated fromllabsorbed by) operations 18 538.212 11.6861 Inv•stlng aetlvltl•s Purchase of tsngible fixed assets Purchase of Investments Proceeds from di5P05al of investments Investment incorne received 1574.8711 115,0001 7.018 6,394 8.282 Net cash u8ed In Investlng ac¥111•9 1586.5891 11,5881 Net ca•h generatod from fln4nclng acll¥lV N•1 d•¢r*o$• In ¢•8h ond ¢ash •qul¥•lont• 128.3771 13,2741 Cash and ¢ash equi¥ol¥nl$ at bg9inning of y$gr 383.390 38fj,664 Cash and cash 8qulval•nts at •nd of year 355,013 383,390
THE CHURCH AT JUNCTION 10 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEAIBER 2025 Aecountlng pollel•s Charfty Snforniatlon The Church at Junction 10 is a private company limrted by guarantee incorporated in England and Wales. The registered office is 323 Wolverhampton Road. Walsall. WS2 8RL. 1.1 Accounting convention The financial statements have been prepared in accordance 7•rith the Church's memorandum and articles of association, the Companies Act 20( and "Accounting and Reporting by Charities." Statement ol Recommended Practice applicable lo charilies preparing Iheir accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191 The Church is a Public Benefit Entty as defined by FRS 102. The 8cwuntS are prepared in Sierfin9, which is the nCn81 Currency of the Church. Monetary arnounls in these financial stslem¥nls are rounded to the nearest £. The accounts have been Pfepared under the historical cost convention, modified to include the revaluation of freehold land due for development. The principal accounting policies adopted are set out besow. 1.2 Golng concern At the lime of approving the accounts, Ihe Trustees have a reasonable expectation that the Church has adequate resources to continue in operational existence lor Ihe foreseeable future. Thus the Trustees continue to adopt the going conrn basis of accounling in preparing the accounts. 1.3 Charftabl• funds Unrestricted lunds are 8vailable lor use at the disuetion ol Ihe Trustees in fvrtherance ol Ihtrir charrtable obje¢tive8 unless the fund$ have been dtsignaled lor olher puwposes. Restricted funds are subject to specific ndillonS by donors or grantors as to how they may be used. The purposes and uses of the restricled hjnds are set oul in Ihe notes to the finanrial Staternents. 1.4 Incomlng re8ource8 Income is recognised whén the Church Is 9alty ènt8 to il aftèr any pèrfomanc8 conditlons hav8 beèn met, the amounts can be measured reliab, an¢J it is probable that income will be received. Cash ¢Jonabons aro r8cognis•d on receipt. Ott)er donalions aro roeognised onc8 the Church has been notified of the donation, unless perfomance condrtions require deferral of the amount. Income tax recoverable In relation to donatsons reiVed under G[ft is recognised at the time of the donats"on. 1.5 R•8oureè8 •xp•nd Liabilities are recognised on the accruals basis in accordance wilh nomial accounling prinriples. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised Whe there is a legal or constructive obligation to make payments to third parties. il is probable that the settlement will be required and the amount of the obligation ran be rneasured reliabty. 11 is categ9ri5ed under the ft)Ilowing headings.. Charitable activrties- expendrture incurred relaling direclly to the charitable activrties of the Church., Support costs and Govemance costs are allocated been chariiable and other activities on a basis consistent with the use of resources. 10-
THE CHURCH AT JUNCTION 10 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Accounting policies (Continuedl Support costs are those cx>sts which enable fund generth.ng and tharitable adivrties to be undertaken. These costs include finance. management and a¢Jministration. Where expenditure incurred relates to more than one cost category it is apportioned using a method considered appropriate for each case. Governance costs are associated wrth Ihe govemance arrangements of the Church at Junction 10, and relate to the general running of the Church. These costs Inde acuntancY costs assocjated with meeting constitutional and stslutory requirements of the Churth. 1.6 Tangible fixed assets Tangible fixed assets are inrtialty measufed at cost and subsequenty mèasured at cost or valuation, net of depreoation and any impairmenl losses. Depreciation is reGogni$ed $0 as lo write off thtr ¢o$l or valu81th of a$strts less th&ir residual values over their useful lives on the following base$'. Freehold land Fixtures and fittings 20% Strah1 line The galn or loss arlslng on the disposal ol an asset is detemilned as the dlfference befvrfeen the sale proceeds and the carrying value ol the asset. and is recognised In the statement of financial aclivilies. 1.7 Flx¢d as••t Inv*8tm•nts Fixed asset investments are initialty measured al transaction price excluding transaction costs. and are subsequenlly measured at fair value at each reporting date. Changes in tsir value are rt¢¢gnised in nel incomellexpendilurel for the year. Transaction Costs are expensed as incurred. 1.8 Imp•lmi¥nt of lIx •$$¢t8 At each reporting end dale, the Church vIewS the carrying amounts ol its tangible fixed assets to deterrnine whether there is any indication thal Ihose assets have suffered an impaimient loss. 11 any such indication exists, the recoverable amounl of Ihe asset is estimated in order to delermine the extent ol (he impaiment loss lil 8nyl. 1.9 Flnaneial In8trum•nts The Church has elected to appty the provisions of SeclK)n 11 'Basic Financial Instruments, and Section 12 'Olher Financial InstrumÈnts Issuès. of FRS 102 to all of rts finanaal instrumÈnts. Financial instruments are recognised in the Churth's balance sheel vthen ihe Church becomes patty to the contractual provisions ol the instrument. Baslc flnanclal assets Basic financial assets, whth include debtors and cash and bank balance$, are measured at ti8ns8ctK)n price. Financi81 asset5 da5srfied as ieceivable wtthin one year are not amortised.
THE CHURCH AT JUNCTION 10 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Accounting policies (Continuedl Basle finanelal Ilabilltiès Basic financial liabilities. e.g. creditors. are recognised at Iransaction price unless the arrangement constrtutes a financing transaction, where the debt inslrument is measured 8t Ihe present value of the future receipts discounted 818 market rate of interest. Financi81 liabilities classified 85 payable within one year 8re not amortised. Trade creditors are obligations to pay lor goods or services Ihat have been acquired in the ordinary course ol operations frorn suppliers. Amounts payable are dassified as Cunt liabilities it payment is due within one year or les5. D•rnGognltlon of finan¢l41 Ilabillti•$ Financial liabilrties are derecognised vthen the Chufth's contraclual obligations expl or are discharged or cancelled. 1.10 Ernploy¢e b¥n¥flts The cost of any unused holiday entrtlement is recognised in the period in which the employee's services are received. Terrnination benefits are recognised immediatety as an expense when Ihe Church 1$ demtsnslrably committèd lo lermin81e the employment of an employee or lo provide lerminatson b&nefil$. 1.11 R•tlr•mént bénèfits Payrnenls to defined Contribution retiremerf benefft s¢heme8 are Charged as 8n expense 8$ they fall due. 1.12 Glft In k5nd Gifts in kind include donated goods provided lo the Churth. Donated goods arts re¢o9nised 81 an eslim8le of their 18ir value on rtr¢eipl. Whertr goods are retained for use by th8 Church, th• value reflècts comparable markèt pricès. Income Is recognlsed when the Church has conlml of the grft and the valu8 can be measured reliably. Income from donallons and legacle8 Unrestrfcled Restrf¢tsd funds 2025 Totsl Unrestrlcted Restrlcted funds funds 2024 2024 Total 2025 2025 2024 Donations and gffts Grants 182.244 501.432 308,033 683.676 308.033 169.147 49.822 218.969 182.244 809,465 991.709 169.147 49.822 218,969 Other During the year the Church receNed one Govewnment 9rant of £30B,033. The Church also rec8ived a donated assèt from Walsall Metropolrtan Boiouyh Counul to the valuè of £450,000. 12_
THE CHURCH AT JUNCTION 10 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Charltabla aetlvltl•s Unrestrlcted Restrlcted Total 2025 Total 2024 Staff costs Depreciation and impaimienl Trthes Apostolic (excluding Tilhes} P85tor81 lexcluding Ti¢hesl Evangelistic (excluding Tilhesl Teathing lexduding Tilhes Buildings New Chuf¢h 69.337 69.337 22,401 16.809 5,162 8.615 S,306 2,607 20.212 15,208 72,571 22.401 16.809 5.162 8.615 5.31 2.607 20.212 15.208 18.839 6,065 12.267 4,959 3,146 37.768 7,660 143.256 22,401 165,857 183,275 Shar¢ ol support ¢o$l$ l$¥e nol¢ 51 Share of govemance cosls18ee note 51 40.552 2.624 40,552 2.824 30,800 3.734 186.432 22.401 208.833 197.809 Anoly$l$ by fvnd Unrestricted funds Restricted funds 171.224 15,208 171.224 37,609 190.149 7,660 22,401 186.432 22,401 208,833 197,809 14_
THE CHURCH AT JUNCTION 10 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Support eosts Support Gtsvemance costs costs 2025 2024 Basis of allocation Stsff costs Depreciation Office costs Other CLJSts 14.890 5.611 16.516 3.535 14.890 5,611 16,516 3.535 14.598 100% charit8ble 4,010 100% charitable 7,300 100% charitable 4.892 100% charitable Independent examiners lees Goyemance 2,624 2,624 3,734 40.552 2,624 43,176 34,534 Analysed betsveen Charitable 8clivits.es 40.552 2.624 43,176 34,534 mov•m•nt In funds 2025 2024 Th¥ nel movement in fvnds is slated aft&r ¢harginglleJei1iting1: Fees payable for the independenl examination of Ihe Charis financial staternenls D¥pre¢ialion of owned tangible fixed as1$ 2.624 28.012 3,734 4,010 15-
THE CHURCH AT JUNCTION 10 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Employ••s Number ol employees The average monthty number ol employees during the yearwas-. 2025 Numb•r 2024 Number Engaged on charitable activities Administrats"on Employm•nt ¢o•i$ 2025 2024 Wages and s818rits5 Other pension costs 80,239 3,988 82,843 4,326 84.227 87,169 Key Management Personnel costs.. Remuneration. induding pension and employerfs national insurance contributions. of key management personnel totslled £26.251 12024.. £25,736). There were no ernployees whose annual reffluneratn was £60.CI)O or more. 16-
THE CHURCH AT JUNCTION 10 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Tanglblè (lx ass•ts Frnehold land A¥sots under Fre$ and •nd b¥lldlng5 construcvon ffttlngs Totsl Cost or valuatlon At 1 January 2025 Additions 23.441 21,890 523.441 774,871 672,031 80,950 At 31 December 202S 1.172,031 80,950 45,331 1,298,312 Dgprgclatlon and Impalnnent Al 1 J8nu8ry 2025 Depreciabon charged in the year 23.304 5.611 23.304 28,012 22,401 At 31 December 2025 22.401 28,915 51,316 Carrylng amount At 31 D8cember 2025 1.149,830 80,950 16,416 1.246,996 At 31 December 2024 137 500,137 The carryln9 value of land included In land and buildings comprlses.. 2025 2024 Freehold land al current valuation 500,000 500,000 The land was revalued on 10 January 2023 by N J Planl. MRICS of PGB Chartered Surveyors on an 'Existing Use Value, valualion basis. The Truslees consider thal this represent current market value al 31 December 2025. At 31 Oecambèr 2025, had the revalued asset been carried at historic cost loss accumulated dapreci8tion and accumulated impairment losses, the carrying amount would ha¥e been £152,28512024- £152,285). 17_
THE CHURCH AT JUNCTION 10 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 Flx•d ass•t Inv•stm•nts Invèstmènt loan notè Cost or valuatlon Al 1 January 2025 Reclassification from cjjrrent investmenis 5,000 15,000 At 31 December 2025 20.000 Carrylng amount At 31 December 2025 20,000 At 31 December 2024 5,000 10 Oebtors 2025 2024 Amounts lalllng due wlthln one year: Othèr debtors Prepayments and accrued income 310,937 1,655 6,130 28.080 312,592 34,210 11 Currenl a8tyel Investments 2025 2024 Unlisted investments 15,000 12 Creditors.. amounts falling due within on• year 2025 2024 Other taxation and social security other creditors Accruals and deferred income 1.349 200,000 9.225 4.868 210.574 4.868 Other creditors includes a £200.0 contribution towards the cost ofthe temporary building. 18-
THE CHURCH AT JUNCTION 10 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 13 R•tlr•m•nt n&fit seh•m•s 2025 2024 Defined contrlbutlon scheme8 Charge to profit or loss in respect of defined contribution schemes 3.988 4.326 The Church operales a defined contribution pension scheme for all qualfying employees. The assets ol the scheme are held separatety from those of the Church in an independently administered fund. 14 Restricted fund• The restricted lunds ol the chanty comprise the unexpended balan¢¢s of donations and grants hèld on trust subject to specific conditions by donors as to how they may be used. At 1 January 2025 Incomlng re80urceo Re8ource8 expended At31 December 2025 New Church Speci81 colle¢tions Community Fund 803.021 23 812,003 137.8091 1.577,415 23 5.000 808.044 812.003 137.6091 1.582,438 Prevlous year: At 1 January 2024 Incomlng resource Resource8 expended At31 December 2024 New Churth Special collections Gommunity Fund 757.042 23 5.000 53.639 17.8601 803.021 23 5.000 762.065 53.639 17,6601 608,044 The Cornrnunty Fund has been Sel up to support ¢x)fflrnunity works thal wll be undertsken in the temporary buildin9. The monies 8re to be used actNities lated to communtty evènts Carried out in the t8mpor8ry building. The New Church fund was set up to raise ftjnds for the constwctKJn of a new church building. Income relates to donation5 and grants receNed specificalty lor Ihis purpose. 19-
THE CHURCH AT JUNCTION 10 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 15 Unr•strSetod funds The unrestricted fijnds of the charity comprise the unexpended balances of donations and grants which are not Subject lo specific condition5 by donors and grantors as to how they may be used. These include designated lunds which have been set a5Kle out of unrestri(Xed fvnds by the trustees for specific purposes. At 1 January 2025 Incomlng resources Resourc•$ expended At31 December 2025 Designated Contingency Fund General fvnds 36.669 88.156 38,669 104.920 187.988 1171.2241 124.825 187.988 1171,2241 141,589 Prevlou• year: At 1 January 2024 Incomlng r¢$our¢es Re8ource8 trxpend¢d At31 Do¢trmbgr 2024 Dosignated Conlln98nw Fund General funds 36.669 I.090 36,669 88.156 172.215 1190.1491 142.759 172.215 1190.1491 124,825 16 Analy8lB of net a89et8 betw fund8 Unrnsirtcted fund8 2025 Restrtcted fund$ 2025 Total 2025 At 31 December 2025: Tangible assets Investment Current assetsllliabilitiesl 16,416 20.000 105,173 1,230,580 1,246,996 20.000 457,031 351,858 141.589 1.582.438 1,724,027 Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 Dèctmbèr 2024: Tangible assets Investments Curient asset511liabilttiesl 115.6041 5.000 135.429 515.741 500.137 5,000 427,732 292.303 124.825 808,044 932,869 -20-
THE CHURCH AT JUNCTION 10 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2025 17 R•latod party transaetlons Transactlons wlth related partleg During Ihe year the Church entere(l into the following transacb.ons wth related parties". Mr K D8vis ITrusteel is also Chief ExecUte of The Vine Tru81. W81581. During the ye8r the church p8id £15,20812024 £8,796) for seNices provided by The Vine Trust. During the year expenses We 1Mbr$ed to the 4 trustees totalling £1,53412024 £2271. 18 Cash generated fromllab8orbed by) operallon• 2025 2024 Surplus for the year 791.158 28,045 AdSu8tment8 for.. Investment Income recognised in slalement of finanual acb"vitse$ Depreciation and impairment ol tsngible fixed assets 18,2821 28.012 18,8851 4,010 Movèm•nts In worklng ¢apltal'. Ilncrea5el in debtors Increaselldecreasel in cr8drtors 1278.3821 5,706 128.3341 15221 Cash g•nerat•d 1r0mllab8ortd by) operdtlon8 S38,212 11,6861 19 Analy81• of ehang•8 In n•t fund8 Th¥ Church had no m81$ri81 debl during th& year. 21