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
Wa￿1Ckshl
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 lo￿1 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 ¥a￿ty of resourcEs and activities that model Apostolic,
Prophetic, Evangelistic. Teaching and Pasloral Minist￿5.
Our full time Youth and Chil¢Jren's Pastor has focused on developing and st￿n9then1Thg 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 prog￿9$ 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.
F￿Ure 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 decIs￿nS 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 overs￿h1 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 d0￿men¢ 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 Se￿ed 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 d1￿Clor$ 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 dIrec￿On 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 cu￿nt 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 ackno￿edge 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 ￿nC￿n81 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 con￿rn 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 ènt￿8￿ 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 re￿iVed 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 be￿en 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 In￿de ac￿untancY 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% Stra￿h1 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 Cu￿nt 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 Chari￿s financial
staternenls
D¥pre¢ialion of owned tangible fixed as￿1$
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 refflunerat￿n 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 F￿re$ 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 ExecUt￿e 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￿ ￿1Mb￿r$ed to the 4 trustees totalling £1,53412024 £2271.
18 Cash generated fromllab8orbed by) operallon•
2025
2024
Surplus for the year
791.158
28,045
AdSu8tment8 for..
Investment Income recognised in slalement of finanual acb"vitse$
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 1r0mllab8ort￿d 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