JUNCTION 13 EASTLEIGH fRE615TERED NUM8ER.' 07983262) REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
JUNCTION 13 EASTLEIGH {Company limited by guarantee and not having share capital) CONTENTS Page Trustees, annual report Independent examiner's report Statement of f inancial activities Balance sheet Notes to the accounts
JUNCTION 13 EASTLEIGH TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their report and accounts for the year ended 31 March 2024. The accounts have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the ch3rity'5 Memorandum and Articles of Associatlon, the Companies Act 2006 and, "Accounting and Reporting by Charities" the Statement of Recommended Practlce for charlties applying FRS 102. Structure* govèrnance and management The charity is a company limlted by guarantee. The liabllity of the members is Ilmlted by iheir guarantee. In the event of the charity belng wound up durlnE the perlod of thelr membership lor wlthin a year followlngl, members undertake to contribute such amounts as maybe required up to a maxlmum of £10. The trustees, who are also the dlrectors for the purpose of company law. and who served durln8 the year were: J Walter D Lockyer C January N Chambers S Burrows S Mullin Organlsatlonal structure The business of the church is managed by the trustees who meet regularly to revlew strategy, pollcy and operatlonal matters. The spiritual leadership of the church rests with the Elderlsl. Rlsk revlew The trustees have assessed the malor rlsks to which the charity is exposed, and are satlsfied that systems are In place to mlti8ate exposure to the major risks. Oblectlves and actlvltles The objects of the charity are: To advance the Christian Faith in 3tcordance wlth the Statement of Beliefs: To relieve sickness, distre55 or financial hardship and to promote and preserve good health he provision of funds, goods and servlces of any kind, including the provision of counselling and support,. and To advance education, marriage and family life. In such parts of the Unlted Kingdom or the world as the trustees see fit.
JUNCTION 13 EASTLEIGH TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Review of actlvltles The work of the church has been to fulfil its charitable objects. In doing so, the church has considered the Charity Commlsslon's guidance on public benefit and, in particular, the specific guidance on charities For the advancement of religion. In particular. we seek to advance the Christian faith amongst all people both in the UK and overseas through the activities listed below. Mlnlstry We contlnue to run our core activlties as a church as well as playing our part alongslde other local churches In a number of social actlon prolects. We continue to face the challenge of finding volunteers to sustaln some of our ministries, in particular that of Kld's and Youth work. We now regularly run a Cafe for the deaf in the wider community as well as a Craft nlght for Women. We have also begun a new initiative focussed on reachin8 Out to the Bishopstoke neighbourhood. Membershlp This has contlnued to grow. albeit slowly. We have seen a number of people added, particularly In their senlor years which means our average age as a congregation has 8one up. Premlses This has been a very slgnlficant year in terms of premlses. Post year end we have vacated our rented premlses and completed on the purchase of the former Railway Institute in the town centre. This has been made posslble by gifts from members, an interest free loan from a member and a loan from Kln8dom Bank. We have also taken on a 5 year lease Iwlth a 3 year break clause) on the former Bishopstoke Evangelical Church premises which we intend to use to host outreach Snitlatives In that part of our town. Personnel Our senlor pastor took 3 months of Sabbatical during thls year and an additional 3 months of slckness bsence due to Sllness. We have employed a PT Community Centre Manager from I" October to help manage the new premises. We are advertislng for a replacement for the current CAP Centre manager who is moving on from thls role. Flnance Income for the year totallod £278,656 12023; £147,371) with expenditure of £160,594 12023.. £125,444). Ouring the year, the 8eneral fund5 decreased by £12,76912023.' £9,041) to create an overall surplus of £118,56212023: E21,9271. Included In thls surplus is an increase in restricted funds by £131,33112023: £12,866) which is held as restricted CAP. Elder and New Building funds.
JUNCTION 13 EASTLEIGH TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 ReseNes pollcy The Trustees regularly review the feserves of the church. This encompasses Income 2nd expendlture streams, the need to match variable income with flKed commitments and the nature of the reserves, Reviews also take Into account the Trustees, settled conviction that God will continue to supply the flnanclal needs of the church as He has done in past years. The latest review contluded that because of the evldent commitment of the church members to support the work of the church, it is not necessary to maintain a significant reserve of general funds. The church's general fund stood at £24,97912023: £39,282) an 31 March 2024 which is approximately equal to 2 months of the annual expenditure of the church. statement of trustees responslbllltles The trustees, who are also the directors of Junction 13 Eastleigh for the purpose of company law, are responslble for preparing the Trustees, Report and the atcounts in accordance with applicable law and United Kingdom Accounting Standards (Unlied Kingdom Generally Accepted Accountin8 Practice), Company law requires the trustees to prepare accounts for each financial year which glve a true and falr view of the state of affalrs of the charity and of the Incoming resources and application of resources, Includlng the Income and expendlture. of the charltable company for that year, In preparing ihese accounts, the trustees are requlred to: select sultable accountin8 policies and then apply them consistentlyi observe the methods and pnnclples in the Charities SORP. make judgements and estlmates that are reasonable and prudent. and prepare the accounts on the going concern basls unless it Is inappropriate to presume that the charlty wlll continue in operatlon. The trustees are responsible for keeping adequate accounting records that disclose wlth reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply wlth the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detectlon of fraud and other Irregularities. This report has been prepared in accordance with the special provlsions relating to small companies within part 15 of the Companles Act 2006. On behalf of the board of trustees Trustee Dated,, 16 Ig.Ii* . LoLky¢r
INDEPENDENT EXAMINER'S REPORT TOTHE TRUSTEES ON THE UNAUDITED ACCOUNTS OF JUNCTION 13 EASTLEIGH I report on the accounts for the year ended 31 March 2024 set out on pages 5 to 14. Respectlve responslbllities of dlrectors and exarnlner As descrlbed on page I, the trustees, who are also directors of the company For the purposes of company law, are responslble for the preparation of the account5 in accordance with the requirements of the Companles Act 2006. Having sailsfied myself that the charity is not subject to audit under cofflpany law and Is eligible for ndependent examlnatlon, I report in respett of my examinatlon of your charity'5 accounts as carried out under Section 145 of the Charities Act 2011 (the '2011 Act'l. In carrying out my examlnation I have followed the Dlrecllons given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examlner's report SSnce the company's gross Income exceeded £250,000 your examiner must be a member of a body Ilsted in settlon 145 of the 2011 Act. I confirm that l am quallfled lo undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wale5. which is one of the listed bodles. I have completed my examination. I conflrm that no matters have come to my attentlon In connectlon wlth the examination giving me cause to belleve: 111 accounting records were not kept in respect of the company as requlred by section 386 of the 2006 Act,. or 121 the accounts do not accord with those accountlng records; or 131 the accounts do not comply with the accounllng requirements of section 396 of the 2006 Act other than any requlrement that the accounts glve a 'true and fai¢ view which is not a matter considered as part of an Independent examlnation: or 141 the accounts have not been prepared in accordance with the methods and prlnclples of the Statement of Recommended practice for accounting and reporting by charities applicable to charities preparlng their accounts in accordance wlth the Financlal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examinatlon to which attention should be drawn in th15 reF)Ort in order lo enable a proper understanding of the accounts to be reached, (8 20 t C J Goodhead FCA Knight Goodhead Limited Chartered Accountants 7 Bournemouth Road Chandler's Ford, Eastlelgh Hampshire S053 3DA
JUNCTION 13 EASTLEIGH (Company limited by guarantee and not having share capital) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Ilncluding Intome and ExpendSture actount) Unrestrlcted funds Restrlcted fund5 Total funds 2024 Total fund5 Notes 2023 INCOME Donations and legacle5 other Income 109,300 21 169,335 278.635 21 146,895 476 TOTAL INCOME 109,321 169,335 278,656 147,371 EXPENDITURE Charltablè actlvitles 122.590 38,004 160,594 125,444 TOTAL EXPENDITURE 122,590 38,004 160,594 125,444 NET INCOME FOR YEAR BEFORETRANSFERS 113,2691 131.331 118,062 21,927 TRANSFERS8ETWEEN FUNDS 500 500 NET INCOME FOR THE YEAR 112,7691 131,331 118,562 21,927 TOTAL FUND BALANCE 8ROUGHT FORWARD 42.032 27,486 69,518 47,591 TOTAL FUND BALANCES CARRIED FORWARD 29.263 158.817 188,080 69,518 The statement of flnancial actlvllies includes all 8alns and losses recognlsed in the year. All Income and expendlture deflves from Continuing activities.
JUNCTION 13 EASTLEIGH REGISTERED NUMBER . 07982262 (Company limited by guarantee and not having share capital) BALANCE SHEET AT 31 MARCH 2024 2024 2023 Notes FIXED ASSETS Tangible assets 1.351 2,331 CURRENT ASSETS Debtois Cash at bank and In hand 18,107 273,742 291,849 13,353 57,461 70,814 CREDITORS.. amo(rnts fallln8 due wlthin one year (5.1201 13,6271 NETCURRENT ASSETS 286,729 67,187 TOTAL AssEfs LESS CURRENT LIABILITIES 288.080 69,518 CREDITORS.. amounts fallin8 due after more than one year {1,000) io NET ASSETS 188.080 69,518 FUNDS Unyestrlcted funds Restrlcted funds li 29,263 158,817 42,032 27,486 li TOTAL FUNDS 188,080 69,518 For the h'nanclal year ended 31 March 2024. the company was enlitled to exemptlon from audlt under section 477 CompanSes Act 26,. and no notice has been deposited under 5ectlon 476. The dlrectors acknowledge Ihelr responsibllltles for ensurlng that the company keep5 accounting records, whlch comply wlth secllon 386, and preparing accounts, whlch glve a true and fair view of the state of affalrs of the company as at the end of the year and of (t5 surplus or deficlt for the financial year, In accordance wlth the reouirements of secllon 394 and 395 and which otherwise complv wlth the requlrements of the Companies Act 2(KJ6 relatlng to accounts, $0 far as applicable to the companv. The account5 have been prepared in accordance with ihe special provisions of Pari 15 01 the Companles Act 2LK)6 ielatlng to small companies. Approved by the Trustees on and signed on thelr behalf by Trustee Ig.12.Lf Lock16
JUNCTION 13 EASTLEIGH (Company limited by guarantee and not having share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 I ACCOUNTING POLICIES lal Accountlng conventlon The financlal statements have been prepared In accordance with Accountin8 and Reporting by Charities.. Statement of Recomrnended Practice applicable to chartties preparing ihelr accounts in accordance with the Flnanclal Reportln8 Standard applicable in the UK and RepLtblic of Ireland IFRS 1021 (effective l January 20191- Icharities SORP IFRS 10211, the Flnanclal Reportlng standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companles Act 2006. The charity meets the definitSon of the public benellt entlty under FRS 102. Asset5 and Ilablllties are inltlally re¢ognlsed at historlcal cost or transactlon value unless OtheIse stated in the relevant accountlng policy note. The accounts have been prepared on the goln8 concern basls. There are no materlal uncertalntles about the charlty's abllity to continue. Ibl Fund a¢countlng Unrestrl¢ted funds are avallable for use al the discretlon of the trustees In furtherance of the gener31 objertives of the charlly, Rèslrlcted funds are subjected to reslrlcllons on their expenditure Imposed by the donor, Icl Income All Income Is Included In the Slatemeni of Flnanclèl Actlvltles when the charlty is entitled to the Income and the amount can be quantified wllh reasonable accuracy. The lollowlng specilic pollcles are applied to partlcular categorles of Income., Donatlons and legacies are recelved by way of grants, donatlons, legacles and gifts and Is Included In full In the Statement of Flnanclal Actlvltles when receivable. Grants, when entltlement is not condltion31 on the delivery of a speclflc performance by the charlty, are recognised when the charlty becomes uncondltlonally eniltled to the erant, Investment Income is Included when receivable. Resources are deferred when, al Ihe end of an accountlng perio¢J. they have been recèived but the charlty has yet to become uncondltionally entiiled io them.
JUNCTION 13 EASTLEIGH (Company limited by guarantee and not having share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 I ACCOUNTING POLICIES Icontinuedl Idl Expenditure Eypendlture Is recognised on an accrual basls as a Ilabllity Is IncurTed. It Includes any VAT pald. Costs are apportloned In Ilne wlth the Income recelved from that source during the year. Charltable actlvitles expenditure comprlse$ of those costs Incurred by the charlty In the delivery of Its actlvlties and services lor Its benellclaries. It Intludes both costs that can be allocated dlrectly to such actlvities and those costs of an Indirect nature necessary lo support them. All costs are allocated between the expeThdllure categorlès of the Statement of Financlal Activitles on a basls designed to reflect the use of the resource. Costs relallng to a particular activlty are allocated dSrectlv. lel Fixed asset5 Flxed assets are ¢apltallsed for on8olnB use wlthin the company, where the Indlvklual cost of the asset exceeds £lOO. Depreciatlon Is provlded on flxed 855ets to spread the cost over the esllmated usehjl Ilves of the relevant assets at the followlng rates., Computer equlpment Furnllure and filtlngs Leasehold Improvements 25% StraS8hi Ilne 25% StTalghi Ilne Over the term of the lease lfj Penslon cost5 Contrlbutions In respect of the company's detined tonlrSbution scheme are charged to the Statement of Flnanclal Activlties for Ihe year in whl¢h they are payable to the scheme. Dlfferences between conlributions payable and contributlons actually paid in the year are Shown as either accruals or prepayments at the year end. 2 LEGAL STATUS The charlty Is a company limlted by guarantee ard has no share capital. The charitable company wa5 incorporated on 8 March 2012 in thè Unlted Kingdom and was reglstered on 28 March 2012 wilh the Charity Commlsslon in England and Wale5. The charity Is a ptjblic beneflt entity. The registered offlce of the charitable company is Smlth Bradbeer House. 41-53 Hlgh Streel Eastlelgh, Hampshire, SOSO SLG. The charity number Is 1146633.
JUNCTION 13 EASTLEIGH (Company limited by guarantee and not having share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 3 DONATIONSAND LEGACIES Unrestrlcted Restrlcted 202d 2023 Non glft ald donatlon5 Glft ald donatlons Gift 3rd retoverable CAP donatlons Malntenanee Income 29,948 62,451 16.901 17,497 112.686 26,659 12,493 47,44S 175,137 43,560 12,493 39,079 70,73a 17,683 19,403 109.300 169.335 278.635 146,895 4 STAFF COSTS 2024 2023 Wages and salarles Soc181 securlty costs Pension 66,530 50,689 2,265 68,795 1,636 52.325 The average number of staff employed durlng the year was 412023: 31. No employee re¢elved emolument$ of £60,000 or more durlng thls year or the prior year. £2.46412023: E2,20515taff costs are Included wllhln cleanlng in note S. At the year end ihere wefe outstandlng pension contrlbulions payable of £395 12023.. £2571, Totsl penslon contrlbutions of £2,26S12023.. EI.6361 were paid by the tharity and are induded In the SOFA.
JUNCTION 13 EASTLEIGH {Company limited by guarantee and not having share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 EXPENDITURE Unrestflrted Restrirted 2024 2023 Dlrect costs Wages and salaries (note 41 Book allowance Visiting speakers Caterlng Youth work Me55y church Tots PreS¢hool FaithKidz Alpha 41,588 300 575 863 393 42 1,284 24,743 66.331 300 575 863 393 42 1,284 50,120 93 545 586 263 440 1,670 20 20 91 48 48 45.100 24,743 69.843 53,848 Support costs Travel and subsistence Electrlcily and gbs Insurance Rent and servlce charges Equlpment malntenance Cleanlng and waste dlsposal Premlses cost Admlni5tration costs and telephone IT support and website costs Bank charles Safeguardlng Advertlsement and communicatlon Sundry expenses Courses and conferences Other evangellsm Glfts and donations Depreclation Leg31 lee5 Accountan and examlnation fees CAP costs excludir*g staff 795 7.457 2,584 37,873 872 2,926 795 7,457 2.584 37,873 872 2,926 996 4,050 409 2,489 257 818 88 3,099 359 9,874 980 9,136 1,650 4,039 90,751 491 3,986 1,560 37,605 247 3,013 1,474 3,536 426 372 341 935 loo 496 456 8,750 981 447 1,080 5,300 71,596 4.050 409 599 257 818 88 3,099 359 9,874 1,890 2.284 1,170 6,8S2 480 4,039 13.261 77,490 122,590 38,004 160,594 125,444 Included wlthin account3ncy and eK3rninations fees above are amovnts due to the independent examlner$ in relatlon to independent exainlnation of £99)12023.. £9501. 10
JUNCTION 13 EASTLEIGH (Company limited by guarantee and not having share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 6 ANALYSIS OF GRANTS Gift and donatSons made in the year totalllng E9.4thJ12023: £8,400) were made to instÈtutions. Gifts over £1,000 per institution are as follows.. 2024 2023 Commission Aposlolic Trust Lid Chrlstlans Against Poverly (Eastleighl Fledge Youth Support Ufe Church Comm15slon Festlval 4.200 1,2 1,200 1.800 1,000 9.400 4,200 1,200 1,200 1,800 8,400 7 TANGIBLE ASSETS Leasèhold Improvement5 Furnlture & fltilnls Total C05t At Start and end ofthe year 72,433 14,267 86,700 Depreciation At beginnlni of the year Charge At end of perlod 72,433 11,936 84,369 72,433 12,916 85,349 Net book value At end of year At beglnnlng of year 1,351 2,331 1,351 2,331 8 DEBTORS 2024 2023 Gift aid recoverable Prepayments and accrued Income 6,687 11,420 18,107 2,925 10,428 13,353
JUNCTION 13 EASTLEIGH (Company limited by guarantee and not having share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 9 CREDITORS.. amounts lallln% due within one year 2024 2023 Accruals and deferred income oiher credltors 4,413 707 5,120 3,107 520 3,627 10 CREDITOR5'. amounts falllng due after more than one year 2024 2023 Loans ioo,coo 11 MOVEMENT IN FUNDS Funds bllwd Funds clfwd Income Expendlture Tian5fer5 Restrlcted funds Marquee CAP . Chrlstlans Agalnst Poverty Elder fund New bulldln8 fund 2,050 14,180 2,709 139,878 158,817 16,703 8,783 12,493 7,692 l49,100 169.335 (15,0161 113,7661 19,2221 {38.0041 27,486 Desl8naied lunds MaInlenan Fund Glvlng Fund 500 2,250 2,750 soo 1,000 3,284 4,264 1.034 1,034 500 Unreslrlcted lunds General fund 39,282 108,287 1122.5901 24,979 Total funds 69,518 278,656 {160,5941 500 188,080 The re5trlrted and designated fund5 are established for the following purposes: Marquèè To buy/rent a new maiqyee for thurch to use whllst tamping at the denomlnatlons annual conference. CAP. Chrlstlans Against Poverty Thls fund 55 to support Chrlstians Against Poverty with donatÉon5 being collected and passed on. Elder Fund Thls is a lund set aside to cover the salary costs of ihe new Elder New buildlnB fund These are funds ra55ed lo enable the church to move to a permanent locatlon pending the completion of thè purchase of the Eastlei8h Railway Instltute building. Maintenance Fund Thls is to ¢over large building maintenance costs aThJ any reparations vthen we leave the current locatlon. Givlng Fund This is a fLtnd lof any needs identified withsn the tommunity. 12
JUNCTION 13 EASTLEIGH {Comp3ny limited by guarantee and not having share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 12 RELATED PARTYTRANSACTIONS Du¥ln8 the year D Lockyer. trustee, was p8ld £40,08112023'. £38.4841 In remuneration and £1,70312023.. £1,636) penslan contrSbvtions as permltted under the Mernorandum and Artide5 of Assoclation for hls employment as Church Elder, During the year. N Chambers, trustee,wa5 pald £8,70812023.. £nlll In remunefatlon. During the yeai. D Ltxkyer, trustee, was relmbursed expensès ol £11112023.. £1481 for Iravel costs Incurred on behalf of the charlty. Durlng the year the trustees donate(1 £103,92612023.. £40,490) In totsl to the charlty. 13 OPERAnNG LEASES At 31 March 2024, the charlty had annual commllments uThJer non-cancellable opÈratln& leases for lent of the offlce buildlng, fhls lease Is due to explre on l July 2024, the total amount payablels £10,98112023.. £40,9281. 14 PRIOR YEAR STATEMENT OF FINANCIAL ACTIVITIES Unrestilcted Restri¢ted Total funds funds funds 2022 INCOME Donations and legades Other Incorne 118.709 476 28,186 146,895 476 TOTAL INCOME 119.185 28,186 147,371 EXPENDITURE Charltable actlvltle5 110,144 15,3 125,444 TOTAL EXPENDITURE 110.144 15.300 125,444 NET INCOME FOR THE YEAR 9.041 12,886 21,927 TOTAL FUND BALANCE BROUGHT FORWARO 32,991 14.600 47,591 TOTAL FUND BALANCES CARRIED FORWARD 42,032 27,486 69,518 13
JUNCTION 13 EASTLEIGH (Company limited by guarantee and not having share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 15 MOVEMENT IN FUNDSIPRIOR YEAR COMPARATIVE) Funds blfwd Income Expendlture Transfers cllwd Resirl¢ted funds Marquee CAP- Chrlstlans A8alnst Poverty Elder fund 2,000 16,703 8,783 27,486 12,6(Xl 19.403 8.783 28.186 I15.3) 14,6LM) 115,3001 DeslEnated lunds Maiiilenance Fund Givlng Fund soo 2,250 2.750 500 2,250 2,750 Unrestrl¢ted funds General Fund 32,991 119,185 1110.144) 12.7501 39,282 Total funds 47,S91 147.371 1125,444) 69,S18 16 ANALYSISOF NET ASSETS BETWEEN FUNDS AT31 MARCH 2024 Unrestrlrted Restrlcied 2024 Tanglble flxed asse15 Debtors Bank and cash Creditors 1,351 18,107 14.925 15,1201 29,263 1,351 18,107 273,742 1105,1201 188,080 258,817 iioo,0001 158,817 COMPARAf5VE ANALYSIS OF NET ASSETS BETWEEN FUNDS AT 31 MARCH 2023 Unrestrlcted Restrltted 2022 Tanglble ftxed assets Debtors Bank and cash Credltors 2,331 13,3S3 29.975 13,6271 42,032 2,331 13,353 57,461 13,6271 69,518 27,486 27.486 14