JUNCTION COMMUNITY TRUST TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Company Nufflb•r. OPIJ32776 Rrylste¥•d Charfty Number. 1149780 *4AV6C)7L" 0710112022 COMPANIES HOUSE A16 #225 JUNCTION COMMUNITY TRUST CONTENTS Paq•s Referen¢8 and A¢*nini$tralivo Detsiks ReF4Yt oflho Trustees Independent Auditorfs Rewi 84 stateM￿t of Financkil *£tivths 10 8alan¢• Shaèt 11 Cash Slatement 12 Notes to the Financial &atemerts 1>22 JUNCTION COMMUNITY TRUST REFERENCE AND ADMINISTRATIVE DETAILS Govemlty Do¢um•nt: Charity numb•r. 1149780 Company number. 08032776 Register•d Address: St Mark's Churth Baltersea Rise London SW11 1EJ Trustees: Ms Rachel Antekne (resigned 4 NOv￿ber 20201 IAr Andi Britt {A(XirKJ Charl Mr Dan Chawnan IresKJned on 12 May 2021} Mrs Sarah ChaFrfnan Iresigned 2 July 20201 Ms Esther Chew {appointed 3 November 20211 Ms MIMicent Freeman (Vice Cknairl (from 22 May 2019) Ms Emity Hough Mr R4iv Jay4Trtn Rowj Martyn Layzel (C3wir, VKar of St Mark's) (aP￿in1￿ 1 January 20211 Mr Nicholas Miller Smith IT￿aSurer- resigned 7 January 2019) r Chr￿0F￿r Payne (appointed 3 November 20211 Revd Paul Pe￿In {Chaw, Vicar of St Mark'5 Church) Iresigned 28 April 20201 Ms Laura Pink Ms Lucy PTI Mr Christothtrr Ransftyd IresKJned 22 May 20191 IAr Peter Sanders Revd ch￿eS Thrynson ICW. Acting V￿r thl St Mark's) {4pointed 1 May 20201 Mr Gary Windw (Treaswgr) Ind•p•nd•nt Examln•r: J How*d FCA Azets ALKlit SwvKes Regi5 House 45 ￿"n9 William St London EC4R 9AN Bankers.. Nat￿n31 Weslminstw B￿K 66-68 St John's Road London SW19QR JUNCTION COMMUNITY TRUST REPORT OF THE TRUSTEES Th& Trustees have pleaswe in tP*"r Arnual Repryt aThJ finanaal stat￿nentS for th• year ended 31 Mar¢h 2021. The linanaal statements have been wewed aCco￿anc& V*Tth the arthunting poliues set c4Jt in note 1 to the accounts and comply the charity's Memorandum ar￿ Artides of Asswation, the CharitEs Act 2011 and Actounting aThY Reporting by Charities.. Slatenwnt of Rec¢*nmended Practice wJplrAbbe to charrtiès sx•pan"ng thelr Accounts in 8c¢ordance wth the Fina￿la1 Repwbng Slandard ?r4)licabk in the UK putAished on 16 Juty 2014. OBJECTIVES ANO AGfMTIES JCT rs a charity Sèt up by, and linked to. St Mark'$ B8ttewsea Rise. It is a p￿th¥¢ expreswon of St Mark's Church demonstrating God's bve In ryaclKal Wa￿3. Ils aim is io.. . help and support peop￿ practicalty in Claph￿ Junc*K)n aTrJ the S￿￿ounding areas. • mobilise St Mark'$ ￿ngregat￿)n and local ￿0P1& to makè a ry)$￿.¥8 drff•rertè in thèir communty. JCT tntstees are mthaled by the ho￿ of the message of ￿ Christ and Ihe Iksire to Iwn faith into practical ac*ion, by living out ¢￿'S k)ve for people who are in need and marginalised. Based on Jesus, teaching on rthorty and injusti¢o, Ihoy li8ve in Christian Valu￿ of c(xnpassK)n. jUsbc¢. IM)r￿Sty. integrity. and ￿re ft)r all people. JCT serves people and w(xks or9w1￿110n5 of any belef lo knng atrK)ui transformakn in the wnmLmity. W• bglio that try￿Yon& has thè right to food on their plate. ¢J￿nty in soc*ty. the chanc• to develop their skills and find work Ihat pays fall￿, and hope for Ihe future: aTrJ we advocate for these to b&)yne realty. More fomially, the otyects of thè Tru*, as sd Ml its Ptsticbès of A$S￿latiOn. arè.. .. the ￿lief0fpersonS we in condkions of fEed. hardshi) n pha￿. fwther support in gaining and retaining empbyment continues for 12 months. [￿)(aMMeS ar• fLV part￿￿￿s. ROS￿90 has SLttessfulty run these prowammes for sixteen yews., JCT slarted running them in 2012. To achieve its objective. JCT sought to maint•n a str(￿g relatKJnship 4wth its parlner Resuryo., to raise adequate fvnding.. to retain suitabty qualified and trained staff," to W￿10$& the Thr*rk of JCT and the Spear PrOgr￿meS in Nder to encourage attendance., and maintain a strong vdunleer base ￿ cOnt￿1r￿j firsarKial SUPFK)rt. JUNCTION COMMUNITY TRUST REPORT OF THE TRVSTEES Spear C14ph•m JunGlloR-conlivu•d JCT has typically empkjyed pernanent stsff aThY (￿e jun*)r mtynber ￿ slaff (* intem for its Sptr8r programm8s, •ach with a bathgr¢Jund in lor In the case of an intem, desirè to be invc4ved inl èdLthtion, training ftx Y￿n9 people. or S(￿la1 welfare. Th&y r*￿￿e regular trainiry from Resww. The relat•Jnship wih Resurg0 is fijrt￿ strengthened through regular fomal and infomial Meetin￿ betweèn indivvjual JCT and Resurgo trustees. Funding wa5 sougm frcffl varMyJ5 5cuces. Indiv*Jual dow￿￿￿$ other re¢xipts of ats)Lrt £20.QCQ wero raisgd frcfft an online auct¥)n in May 2020 in lieu d thè usual annLbal fundraising diThnar. Resurgo ccntribut&J b&)efits in knnd worth £55.000 per ￿nuM in develownant, training and other gJFPCrt Togdhèr ￿th oiher indNidual donations in 2021 and tn prgvious years. these sums were suff￿nI to fund the 2020 and 2021 Spear wograrnmes. esp8ciaNy as these moved to an online rnodel followng the cov￿￿ oulbreak. In order to attract young to th8 Spe¥ Frcgrammes, JCT staff conkn.nued to publicise the progyammes to kjcal social sèrvic8 professionals, and ¢Jirectty at ￿1 unemployment offices to potential participan15. JCT Issued invitations to IcrAI civic. pjlitical and charttabk fvJures to alten(I the e4ents that d￿ng eath Spe¥ pmwanwne to ¢¢￿1*8t& stud8nts' progress". many of these kindly attended. JCT looks to make exten&ve use cl vc4unteers ￿ its ac*iNtytRs. In the contexl of 'Spearf prowamme& at4wt 150 individuals generwsly gave IF￿1T lime in 3J20. for example a5 mttk intervtewers of programme pwtripants. as hosts f company vists. and as voiuntèws at events. Vc4unt8WS irttude t¥)th members ol St Mark's chU￿h and of the wid corTMnurMty. JCT ran fve Spear Programmes frun Awl 2020 to March 2021. We knwe unable to run ow June 2020 trcwmme ¢Jue to lockdown ￿$trict￿)ns and futhgh. Th$ ovèrall targets fty the Spèar pw yearare as loir0￿￿'. lal around 90 participants fegister loi and attend a Spear prc4Jramrne,' Ibl 80% 01 course part￿1PanIS meet * knast one of vwiou5 ifKliGatsys ofdIsa￿￿ntrgtr Ic} 80% of part￿lp8￿5 ¢trnpbète the 6-wèek four￿￿.0￿ plw of the pwammè 75% of those partiopants that cornp￿ Ihe fthJThJatM)n phase errter into ejucatth. and ￿m81n education one year later. Our Marc* 2020 wogramme was heavfy affeded by the COVIO.19 paTh8emic and kx*down sibJatKJn. This me￿1 thai had to finish the programme r8motely t•thich impaded ￿ relention of the trainees. Behween April Augusl we continued to wcrfk with the trainees sts'll aCces￿ng their year of suppxl Nbith job prgp. applKatiorkS and 1".15. Whilst we did this, a ¢entral tewn at R¢$LfW ran Ihreg ¢)nh"n¢ pilots of the progr•Thn•. wrth adapt*iws to th8 curriujlum, which has k¥•par•d us VAI to stsrt dekvering th• Spw Pr￿arnffle onln• September 2020 onwards. Economists wedi¢Aed the massive spike ￿ unemploymw)t {•)d pa1￿Ularty youlh unempbymentl that we're r￿4 expefiencing due to the eCOrK￿l¢ effecis of Covid-19. As such it 15 in¢>edibly rnpcrtant wtyk Ihat Ihe S￿4￿ Programme does lo equip your¥J from di%athantaged ba¢*9rroJThJs wth Ihè skills they need to actess and suslain bolh èmployment aThJ educatK)n. The total numbw c4 participants on th• Spear Programme from ￿1 2020 to March 2021 was 101, of whcm had ot least cffte BaThier lo Empksyment. 01 the course part￿panIs. 81% C￿pIe1&y Ihe fo￿d3110n phase. wh￿h is on tsrget. As for longer-tem impact. of those WIM) eomp*ted Ihe lourKlation phase arKI have so far ccmplèted their 12 months support lone CArt of the five ¢ohortsl 33% are in ern￿OYn*nL educatfvjn or training after 12 months. Devastatingty this was the impact of CovKI-19 on the cohM ￿ pdu*ed in April in a towjh jobs markel. However. our online progommè slats sh¢M ttst 55% d the online cofK¥1s (fw offNel are EET at 3 mcfiths after Spear. demonstrating are on track for these k*ngw-tern SUCC￿ rales in line wilh ry a￿d of ot4￿liVes. W•ftdsworth Foodbark Since the beginning of the ￿rNIeMiC vt Marth 2020. Wand5Vrt%th F<*y]b￿k has seen need kf emwcy fcKJd ahj double across W8nd5wc¥lh Borough - as a gro*?ng nunber of local h￿$th￿d5 were swekrt into severe hardship by k)ss of jobs or hwrs, illnw35, and benefrt payTrenls Ihat failed to o)ver Ihe ccffjt of essentia15 like fa)d. renl and bills. During the reporting period 1 April 2020 to 31 Mai¢h 2021. we wovr(let1 nuthlI￿a1￿-b8Ian￿ wnergerw food aml essential toiletries to 2.440 indivKluaJ househohts refeffed to us in ui&s. JUNCTION COMMUNif( TRUST REPORT OF THE TRUSTEES The impact of the Covh*19 pandemic rne￿t ￿ had to ck>se our fwe f(*yJ ba￿ C*￿e5 to guests. in line T￿th govemment guidance. during 20121 rAJr voluntews instead delNer&J 11.357 errwgency f(KYl supplies to people's homes, to try to keep ￿eryOne as safe as FtJSsi￿e. Fcyx M) ten of thesè frKKI SUpp￿S were for Chlkj￿n. The 11.357 loc*J parcels provided represents a 76 per cent increase on the numter of fO￿j p8rceLs in the pwws year. ar*1 a 308% incr8858 on our first year of operation in 201N14. In total, duriro 20121. Wandgmxth FfyJSbank supported S.886 indivN8ual adults an%J children - an intrease of 96 per ¢￿t on year 19120. Home delivery meanl we increase our emwgekKy foLKI s¢Jpplies fr(ffi 3-day pwcels lo 74lay p￿1$ from 18 May 2020. as people didn't need lo c8rry heavy bags h(me thwnsefves. A dedicaled leam of volunieers called each person refer￿ lo the Foodbank by one of nearty 300 team5 regi5tere(J as referffjl partners. to arr￿ge rapid home delivery. check dietary and cultural requirements for food. and to offer spJnpostI￿ arky referral to further 5UPP(xt in¢luding to the Foodbank Advice Pr(iect. The new l(K*bank delNery r4)eratry model also meant th￿e We￿ new costs of drivws required as part ol the delivery serv1ce. Due to the inuease in need, Ihe F¢￿dbank ￿K)Ved to a larger warehouse new Wand5WOrth Bridge which rneant i1)￿eased need f(￿ warehousing staff aNS volunieèrs. The Fo(xlbank Advice Pr(iect Saw a similar Spike in need. w)¢J dwing 2￿21 provided expert adV￿e and casework lo 540 food bank guests, lo help them resolve issues causing hardship induding problems around housing. benefrts, empbyrnen¢. domestic abuse. debt. and harsh visa restr￿￿)n$ ￿ no recourse to public funds. This Fwdbank Advice Project, in partnership with Citizens Advice Wandsworih ICAWI. ts pwl-funded ty a Henry Smith Foundation grant lo CAW.. and in 20121 was also part4uThYed by grants fr(m Trvssell TWSL To ￿hleVe its objective. JCT mainiained a sirorKJ ffjlath)nshp ¥Ath il5 partner Trn5sell Trust.. lo raise adequate funding., to retain suilably qualified and trained staff". to publicise the focxl banK' and to txjild a stror4J volunteer base and conlinuing financkql support. Twssell Trusl and nalional CitRens Adm￿ Ixeated a free nalional helpline. which could call, rereive advice and be referred to a local ftKxJ bank act055 the UK, inchjding lo WanLlsworih Foodbank JCT increased the number of empbyed staff in the fLwJd bank team. to respond to Increase in need local￿. As well as the full-time Fo(xJbank Manager. Foodbank Administrator Volunteers Manager aTrJ part-tirne Warehouse Coordinator, new wsts of Advocacy and C￿nmUnIcats0n5 Manager and Referyals Cw¢J1natN were ueated an¢J filled. We woukl like lo thank generous sources ol funding whth includes granls or (knnab'ons frcKn Trussell Tru5l lor £69.584, Henry Smith Foundation for £9,500, Wimbledon FoundatNJn fcy £10.OCW). Love Tr￿ftgle Pyzza £15.940. Battersea Power Station Foundation for £S.000 and Trinhty 60 plus café Roehampton f￿ £1000. 174.741kg of food and tol￿trIeS were donated in this pwicrtj an èstimatéd vahJe of £305.797. Many of tt)èse food donations W&￿ made sponianeousty by indwKlual slwpets at supermarkets that kindly gave pem)ission lo Foodbank to publiose its activities on their wemi$es.' as well as by schooL%, churthes. c(xnfflunty groups and individuals. Many other people donated via Bankuet, a social enterprise that Ènables people to donate money which in ium ena￿e$ Wandsworth Foodbank to cyder the f4x¥J rtems K needs, in bulk aThJ often at c05L Together with other individual and cwate donations specrficalty to FcK¥Jbank ¢x to JCT generèlly. suff￿lent funds were raised to cover Foodbank's expenses in the rewting permxl. Research and Advttscy th was carried Olrt. and the Fo￿Ybank wblished Cov*J-19.' The view from the Foodbank. looking al the dfivers and #npacts of kK)verty and food b￿k kJSe durin9 the lothdown in 2020. Additionalty, our team worked with the w*Yer voluntary sector to stjccessfvlly advwle for more genÈr(MJS and effective I￿￿1 welfare assistance in 20121 leading lo Wan¢Jsworth Council more than dtsJbling Iheir budget for crtsis and cornmunily care grants for residents in hardship. inueasing the generosily of awards". creating a phone line to reiluce digital excjusion,. and widening the criteria to include refugees and asylum seekers. and others with no recoursè lo public fund5. We also succèssfully advocated lor the Council to usè s(me of its goverr*nènt hardship funding lo provllfje ￿PeM1￿met vouchws to familles with children who receive Free Sthool MeaLs school ￿l￿*aY5 Christmas 2020- summer 2021. Further details cl Fc*)dbankl ￿tI¥￿e$ ca) be fcwjnd at h J nk. K•y r•lationships JCT believes thal re￿￿)nshIpS are critical to tts continuing sucre5s. 11 depends first on the continuing skill and dedication of Its own staff. St Mwk's ChLtrth provhles invaknaI￿e supFmt12021 £3,571 versus 2020 £24.896) refiectiThJ h)wer costs for the onlin& auction as compared to the usual Sp￿T party JCT has entered into an arrwent lo make a to St Marys cP￿r¢h of £15.rMJo per annum a$ a eontribub'on lo￿ardS running costs. This began on 1 Janu¥y 2020. Thi% lèvel of W￿ribUt￿ incr•ase 1 April 2021. The trustèès noted th* in the pe￿￿ to 31 March 2021 ino)me swifuntly abow expeThYiture, and also that JCT mained well-funded at Mwch 2021. They wwe seeking asjitional luThJiThJ. particulady granl fundirrfJ, to help ensure th lonTrlerm ￿sit￿)n of the charity. Res•rv¢s JCT engages in a number of dtsts.nct charitable adbVit*s. ContribU￿S to JCT we ty￿Caty directed to one of theso activities. and since thegr use is restrKaed they aré r#)t reserve5. of Jcfs inccmè to supptsrt thase actNftiès comes large fundrabsing èvènts or C￿t-Off grants rathér than r￿JU￿r donab"ons. It is thwefore Yregular in bming and syze. F this reason, it aims to have assets that. together with lUtU￿ regular c0nln'tr￿t1onS and other comrnitt*l sum5, woukl be suffscient ￿ cover at leasl the ne￿ 6 months (rfeach of its ad1vrf￿. JCT makes use of St Mwk's Church Fywnises. tt therefcye has limEted exposu￿ lo the 0￿1$ of repair and upkeep of its facilili6s. and the￿f￿& has awd to make a ccthbuknn d £15.0￿ per annLxn towards these wsts. JCT expects that any rew charila￿e inilialNe M*)ukl be fvnded thwgh addit￿1 fundrwsing adwity. It therefore do•s not holl resèrves to cO￿r the costs of such expan&on. Given these fads, and Ihe of pr￿￿ling specific actNrties it sees limited need for svtetantial additKJnal reserve& Nevertheless. lo meet cxy)tingencie5 Slth as minor rep•r Costs w a ¢Jelay in the receipt of a Pfomised source of income, il aims lo kjld a sum equwalent to al kast cffje month of its tolal regular WirtsJs as a general reserve. A55ets not immediately required wouKJ ncxmalty be held on d&￿$ At 31 Mar¢h 2021. JCT h¢kl re3lridgd funds sufficienl t9 ¢lN•r I￿ than ona monlh of rowLar wty(xngs for S￿ar, and more than six months of regul* ￿tgoI￿S f￿ FoodbanK" it hehj unrostrwxtij fvnds suifjuenl to cover six months of total regular oirtgoings. (These figuffjs VjrKj￿ future incDme.I It plans to ¢onbnue fund raising. FUTURE PLANS JCT plans to continue running Spear kvogrammes in Co-oFeral￿n wth Resurgo an(1 its Foodbank in ctsoperation wNh Trus3ell Trust. It has been expbjring how lo provKJe addittiywl suptth to clients of each Servi￿. In particular. JCT is exploring wilh R¢surgo the Intend￿ extensty￿ d th$ L4ttw¥ to In￿de training for apFff8ntice5. JUNCTION COMMUNITY TRUST REPORT OF THE TRUSTEES STRUCTURE. GOVERNANCE AND MANAGEMEI JCT is conslituted under Art*Jes of Assoual￿n as a Cur¥)any Lwmited by lknrartee and not having a Sharè Capital. Any perscffl who is wllin9 to aci as a trustee. and vtht￿ V*Y)ukl nol be disquahfied frC￿ acting. may be appoint￿ to be a trustee by a deriwn of the tnjstees. The Vrar of St Mark's Church is an ex offick) trustee Chair of JCT, though his authority is typicalty d8legated to an a(Xing Chair. The Rev Paul Perkin retired as Vicar ￿ St Mark's Church in April 2020 and the acting W￿r during the inter-regnum. Rev Charfie Thompson. was aptKJinted Chairynan. The new Wtcar of Mart's. Martyn Layzell. was appoint&J Chairn￿n followirg hi% appointrnent in November 2020. Tr PCC of St Mark's also ha5 the right lo up lo two M￿bE[S ofthe PCC io the rftrusie There are no SFecrfic ￿lI1￿¢S or pr(Kedu￿$ ￿￿ting to the 1Th￿￿10n and of trustees. Hthvever. in wactice. trustees wilh relevanl knovledge or experience are appointed. Any d8cisK)n of th8 trustees musl be ethèr by deusw)n of a ol the tnjstees pyesert and volirvj at a qw)rate trustees, meeting. or vthen the majority of truslees have ind￿ted lo all Injstees by any ￿an5 lin¢luding email) that they share a cA)mmon view on a malter. Full twsfee meebrmjs typically (Kgjr iwo months. Decisions re￿tIng to some rwtine financial mattws are d￿e￿Ied by the trustees to a finance Committee. ¢onsi$ting of thè acling Chair. Vice Chaw and Treaswer of JCT. Day40-day oknkjn makn'ng reLqting tr) Jcfs specrfK thartsbbe a¢tivitie$ 1$ delpgated to JCT staff appoirrted to over59e thgse adMt*. Thè organisation of fundraising èvents is typKally tlelegated lo an events committee C(￿SISt1￿j d sekcted tr￿leeS and Lts indivKluaLs wth rdevant experien￿. Thè trusteès have the majrK risks to whth thè charty ts •xposed and systems or wocedwes have been established to manage those risks. In w￿￿1ar, the charty has dwjmented procedures wth regards lo finance. working th thildrw arKI Vulnerable adutts. heakh safety and 0th8r matters. JCT looks to leam from and work in partnership vthh clher ¢yganisalions wth experience relevant to ts chantsble a¢aivrtios. In particular. Sin￿ 2012, it has worked cbsety ¥fith Resurgo Trust. Resurgo Trust Is a tharty ft)unded through St. Paul's Church in HaThnersmith in 2004. Resl￿￿O aims to strnulate swJnfftant scoal trar￿f(￿at10n in local cornmvnities by helping people I￿ng s￿ouS sttial di&idvantage to tr￿s[OrM their 5ituatkJn. In particular. amoTrJ r(s a¢tivits"es, it has provided 'Spearf FffogrJnm85 for young peotAe (di￿uS5ed above). Resuw has provkfj8tl JCT staff wth extensive traning. on9Jin9 SUPPOrt and materials to enab￿ them to ccrfdud these wogrammes. Similarfy, si￿8 2013 JCT ha5 wLYked ckisely Y￿th Trussell TMSL The Truss611 Tntsfs missw)n 15 to develop. run. and enable cornmunities to r8pltht8 susiainatAè prqecis Ihal ccrnbat F¥)verty and exclusK)n. and to share their experiences in order to raise awareness of the issues. In 20D4. Trussell kun¢hed Ihe UK Fo(MJbank Nefv￿rk to t￿h chur¢hès arK1 communitvas n*wwKle how to *rt tsir own fc¢dbank Tw$sell Tnst has provid￿ extansive guidarte aThJ support to JCT as it bun¢hed its Fcthlbank. JUNCTION COMMUNITY TRUST REPORT OF THE TRUSTEES Tru$t••$' respon￿bilItieS stat¢m•nt The Trustees Iwho ￿ al￿ direct(¥s of JUN￿￿* ¢(￿munty Trust) fty the purFQSOS of company lawl ¥e respjnsible for preparing the Trustees, Rèp￿ and the finanual stalemerrts in accxydarro apph'cabb L•w and United Kingdom Accounting Standards (Unrted Kingjom Generalty Ar£èpled Accounttng Practtil. Company law requires the Trustees to F¥ePa￿ fThnaal stat&))errts fu eth financi81 year. t•thich gNe a true and fair vi ol the state ol affairs of the thwstable comF0ny and ol tho irwming resourcas arKI applicatitin of resources, including t incnme and expenditure. of the charts￿e c(xnpany fty tho yw. In weparing th￿ financkal statements, th¢ Trustses are requirwl to.. selecl suitabb accounting pc4￿￿$ arNJ then appty th8m consslerrt observe methyjs arKI principles in the Chanties SORP 2016 IFRS 1021 m8kèjudgernents and èstimates that •¥ rèasonablo and state vthèthèr applubk UK Accounting Slandwds have been folky*ed. subj'ec# to any malerial departures dischwed and expkined in ¢he finaroal statements preparè the financial statemerts Im thè sYxr¥J c(XK*m b￿"S un*ss it is inappropriate to wesume thal the charitabl8 company wll ￿tinUe in 0￿181 The Truslees we responsible for keeping adewate accourrting rec￿d$ that disckjse rea￿able accuracy at any tinè the financial Frf)sithJn of the tharitable CLryany and enable them to enwe that the financial statement5 CL¥￿p￿ wrth the Companiès Act 2006. Théy are also reswnsibjè fLY safeguarding the assets of the charitable cc*npany and hence for taking reasortaNe steps for the wevent¥)n and det￿1￿ offraud and clher irregularities. By Ordgrofthe B¢wrd R•¥ Martyn Layzell Chalrnian Andl Brftt Acting Chalrn Gwy Ylind Treajurer Date-. JUNCTION COMMUNITY TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF JUNCTION COMMUNrrY TRUST Opinion We have audited Ihe finar￿JaI statements of Jwctsn C(4nrrwJnity 'charitable cunpany I for Ihe yew end&Y 31 March 2021 vthich comwis8 Statement of Financial ActNf(vs. th2 Balar￿e Sheèr, thè Cash Flow Statèmènt d notes to Ihe financial slaternerts. induding a summwy of signrfunt ￿)UntIng pOI￿les. The fn8ncial reportiTh3 framewcxk thal has been in t￿￿r F*epwalh)n is applicat4e and United lfjngdorn AC￿)Unting Standards. Including Financial Rewling &andafd 102 The Fi)anc*l Re￿rti￿j Star¥Jard awicable in the UK and Republic of eland. Iunited Kingrt)m Generaty Atcepted knx)untirvJ Pr￿￿}. In our opink)n. the financial staten*rt5". gNe a true Iw cl the state cl Ihè cttaritab￿ clryany's affairs as at 31 Marth 2021 of ts Ir￿￿1￿9 resources ￿)d aw>l￿t￿n L4itsources. ftrtha yw tr￿n eThled," have bean prop8wty prepar8d in attordanc* wilh Lhied Kirykni Ge￿rat￿ Aec•pttd Aettyjnting Practicè. and 8a$i$ lor opinion We conducted our audit in a￿l¥dan￿ with IntpJnational S￿darts ryb A￿d￿n9 IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditi*s resrKJn$itylities lor the audit of the financial statements seCt￿n ol ow reFth. We a￿ iTrJeyeThJent c4 the thritable o)mpany in a(￿rdance with the ethical requfftmenls that a￿ ￿le￿Il to c¥Jr audrt of the fin￿la1 stal￿errts in the UK. indudiry FRC'S Elhical StaThJ*¢J, aThJ we have fU￿illed ¢JJr crther ethul res[￿ls11￿.1th$ in acClYdan￿ wth ihese requir&i)ents. W6 tel*ve that th8 audrt eviderth we fvave djtained i5 suirK￿t aThl apwLVHte lo provide a basis for OLK OPW)ion. Conduslons r•lallng to golng coTh¢•m In a￿rtTrng the finarrial Stat￿entS, hav• Co￿U￿e(l thatthe Iwstees. use cl the goiry conwn basis accounting in the weparatK)n of the finarKrdl stat￿￿ts 15 appropriate. Based on Ihe have pwfonned, we have not ￿entIr￿d any material U￿ertainl￿ Telaling to events or conditions that, indivh1ua1￿ or o)leclNety, may cast signffjvnt (kjubl on the charttable Lyjmpanws ability to continu• as a going ￿ncern for a period of al least tWe￿e months Wthtsn Ihe sta1wn￿lS we aut￿rised issuè. Our respon￿bIlItieS and Ihe ￿5￿)n￿bilit￿ d thgtruslee5 wih respect to gjry e4)ncem Are desuthd in the relevant sections of this rgPJrt. Other Informallon The other lrrf0rmatN￿ ¢omwses the irrf0m￿1M)n included In the tnjstees annual rep(wt. rrther than the finarKtal statements and tyJr auditorfs rewl the￿n. The truslees *e iesp)rtsibk fcrf the other informatK)n ccmtained within the annual report. Our opinKM c•) the financial statements ¢knes not co¥￿ the othw infc¥mation aThJ. except to the exienl otherwse explritty ststed in w ￿K￿yl not exF*ess any f￿n rf a&wranc8 CO￿lUSion thereon. Our responsibility is to read Ihe other inlormalKJn and. in so. ¢onsKJw whether the olher infc*mation is rnaterially inconsistent with the fina￿la1 statements LY obtained in the course of the audil ¢y otherwise appea to be materially misstaled. If we ijentty such material 1rtons1sten￿ or app￿nt matwial misstatements. we are required to detemine whether this gives ii5e to a rnatenal ￿￿tateMent in the fKwnual staternents themselves. If. based on th8 work w8 hav8 perforned. we C￿A￿de Ihat ther8 a material mi$stat￿nt of this olhèr infLYmats"on. we are requwed to report Ihat farA. W• have nothing to r•port in thts rwJard. Oplnlons on othèr matters proscrlbed by tho CornpanS•s Act 21YJ6 In wr opinion. ba58d on the work und8rtak8n in the course Llthè audtt.. the infonnation gNen in the tnA5tee5' rewt. indudes the directors. feport prepared fcf the PLKposes of COMp￿Y kw, fw the finanoal year wthich financsal slaiements afe prepa￿￿ consistent with the financial statements". and the direL*or5' repL¥t Ir￿uded the tru*￿. r8FQrt ha5 be8n in with appli￿ty10 18gal requirements. INDEPENDENT AUD￿OR's REPORT TO THE TRUSTEES OF JUNCTION COMMUNITY TRUST Matt*ts on whlch we are required to report by excwon In the light of Ihe kno¥Aedge and underslarKJing of thè charitsNe tJJnpany and its •n￿l(￿ment obtained ￿ the course of the audit. Wg have Kst 1dentrf￿d maigrial misstat￿)ents in ￿ diredus. rem includod wlhin the Irustees, ropc¥t. W? have nothing to rerx)rt in rèspect of the foknMrvJ m*ters in relatw to the Crynpan￿8 Acl 2(#)6 requires us to report to you rf, in tyjr cynion.. a(lequate acrLJunting ro¢ords have not be¢n *18quate fc* (￿r aulit have not been recerved from branches r￿1 visrtsd by us,. or the finanGi¥l statemènts are not n agreemert wilh accourting recryds and retwns; certain disclosures of trustees. remuneTalK)n spe¢tfied by law are not made", we have Thjt receNed all the lnfC￿at￿ and expknat*)ns we requir¢ fc* f)ur audit,. Ihe Irustees ￿re entitled to pyepare the financial slalelrents in *cordan¢* wilh the $mall cM)panios wim8 arvj take advantag¢ d th& ynau eX9rnpt￿ in preparirvJ tha trustees, reprxt and from r8quirement to prepaie a straiegic reF¥yt. RtsponslbHIt￿ of trust••s As explained more lully in the trustees. r&8rthsibi1it￿s Stat￿ert. Ihe trustees (who are aLso the diredors of the chariiab company for the PuT[￿se$ of c£*npany lawl are ￿pon￿ble for the preparatKm of Ihe financial statements al￿ for belng salisfied that they give a true ar￿ fair vwl. and for such intwnal u)ntrol as the trustees detemiine is necèssary to enable the preparation of finarKiaS slatomerts Ihat we ff￿ frtyn Mater￿ misstat￿en( whethw due to fraud or wrty. In prepariThJ the financial suitements, tr￿teeS are responsible assessing the tharitabb c￿panY'S ability to continue as a g(xng concern. disdo￿ftg. as applcabl8. matters rel*ed to going coneèm and using the goin9 concern basis of accountin9 unlèss the trustees eith•r to tyidate Ihe ch¥itabk to cease operations, cf have no realistic attemative but to do so. Auditofs r•spon¥lbiliti•s for the audlt of thèfinaftdal stat•m8nts Our obj8Ctives are to oblain reasonabl& assurance at(Jui whèthw the financial statements as a whde are f￿e from material misstatèment vknether due lo fraud u wr￿. to issue an a￿￿1￿$ ￿K￿rt that indude5 our Own￿1. Reasonable assurance is a hvJh l$vel d assurance. but is rK)t a guarant•• that an a￿lit conducted in accordance with ISAS IUKI Mll always d8t•ct a malerwl misstat•ment when rt exists. Misstatements can arise frryn fraud or error and arè considered Ma￿rial if. Indi￿dUallY or in Ihe aggwale. thty could reasonabty te exFeCted to irrfjuence the gCOVWi¢ derAsions d users taken ￿ the basis ofthese finan(>al ststwrwts. A further ￿e￿pt￿)n of ￿Jr responsikn11t￿ kn Ihe audit d the financlal statements is bcated on the FinarKial RgportirKJ Council's website at wY￿.fr¢.org.Ukl4￿djtOISre5pOnsibkn. This dgstrVtw)n fom)s part of our auditc¢'s r9r*rt Other mattèrs which we ar• r•qulr•d to addrnss Without qualitying our opinion, we draw att8ntThi to the fara that the cl￿parat￿e wrforM￿ in the finan¢ki1 statwnants was unaudited. Us• ofow report This report is made sow to Ihe charitable c(rfnpany's mkn. as a W. in ace¢xdarte v+ith Chapter 3 of Part 16 of Ihe Companies Act 20[￿. Our audit wcyk has been undertaken so that we mighl state to the chariiable c1 #nd signed cm ts behalf by.. />tSY/ Rev Martyn Layz•ll Chairman Anth Britt Aelifft9 Chaifflun Gary Wind¢>w Trthiswer The notes on pages 13 to 22 f(xm pwt of these fjnarKaal statements JUNCTION COMMUNITY TRUST CASH FLOW STATEMENT COMPANY NUMBER: 08032776 AS AT 31 MARCH 2021 Trtal March 2021 Total March 2020 Cash flows from op•ratlng acti¥itl•s: Nel ￿s￿ provided by (uwl in) OFerating aclriitie5 19 334.584 45,000 Cash Ilows from in¥•sting adivitios: DivMletNls, inl8resl aThJ rnnts from inveslrnents 43 507 Ngt cash pro¥ld•d by lus•d In) In￿$11ng acllTAtles 43 507 Chang• in cash and eash •quival•nts in th• rnportlng perlod 334.627 45.507 Cash and ¢ash equNaknts at fv beginning clthe rèporting r*ri¢xl Cash and cash equivalerrts at the •nd ofthe rèportlng perlod 139.864 94.357 474,491 139.864 The notes on pages 13 tty 22 fowm part of thtrsg fTrntsal *tèmèr 12 JUNCTION COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IAARCH 2021 ACCOUNTING POUCIES lal G•n•ral lftfomiatlon arKI basls of w•p¥atlon The Junction Ccmmunily Trust is a cunpany lirniled by guarantee in Ihe Un￿ted Kingdom. The address of thè regkstered OfF￿e is given in the ¢hanty irformation on paJ• 1 of Ihese financial statements. Tha nature of the ¢harity's wr**)n$ and pmcipal actiwii&s *• s8t on page5 24. The charitable ccfflpany c￿$t11Vtes a Fublc iEnefft enlty as defined by FRS 102. Th& financial stslements have been prepared in accordan￿ with A¢tsyJntiro arKI Reportiftg by Chariiw.. Statemènt of Recommended Practice 8ppli¢abl$ to Charttios wèparing their aC￿ntS in &cordance vnth the Finanaal Reporting Standard applicablg in the UK and Rèpublic of Irekind IFRS 1021 issued on 16 July 2016. Ihe Finanwl Reportiry Sta￿lard appli¢abl• in the Uniled Kingdcyn a￿1 RepuiAic d Ireland {FRS 1021. thè Charities Act 1111, thè Cempanias Act 2006 and UK Generally Accepted Pract￿ as it apples fryyn 1 JanLWy 2016. financial statèments are prepared ￿ a tyJiNJ concem bass uTh1er the histon'cal cost convention. modffied to inchjde certain items at fwr value. The fina￿￿al slatements are wepwed in Sterl￿g bthich 15 the functv)nal currency of the chwity. signifKant accounliro polues appked ￿ the weparatK)n of these financial ststements are sel out b8knv. These polKies have been ￿￿5151¢nIty awbed tt> al >war$ 5menleil Lmless oth•wse stat•d. {bl Golfi9 Con¢ The financial statements have been prepared on a wKem basis as the trustees believ$ that no material un¢èrtaintJes exi*. The trnSte￿ have con￿dar8d the ￿1 of lunds hekJ and the expected bvel of income arHI expenditure fc¥ 12 months from aLrthori&ng ihese financk9151aiemenls. The t*Jdgeted income and ex￿r￿ltU¥9 IS Suff￿lent with the18vel ol [￿rVeS f(Y the charty lo aty￿ to Conlin￿ as a y>ing concern. Since March 2020 the Covid-19 pand￿n￿ ha5 W a ￿gnfftant impad on all aspecls of the Trusts. governed èctivities - from the remc4e ￿ration of **ar and Foodbank. to the swrtchiThJ the Spear Fundraisin9 party to an on-line audion, through to Ihe unfor￿en bul knElc(Kne siA)stantial irmxease ￿ (knations to the F(K)dbank. The Trustees ￿tinU￿ to wul*ty to assess Ihe risks to operatM)ns, finanang and the wèware and weifoeing of our staff and volunteers. We remain confident that both SFear and Foodbart can be adequately lunded tho foreseeable future - nthithstandmg the uncertainty arournj the patsm of iJonatKJns and rnèans of fundraising during lockdo￿ - and a￿ c￿nC•d that th* swtiryJ our focal communty is mor8 essential now Ihan it ¢v$r has been. Icl Re¢on¢llI￿lQn wlth prevlous G•nvaly Aecountlng Praetl In preparing the accourts. the triolee5 have O￿lder￿1 vtsthw in apF4yry Ihe acwinting pcli¢1￿ required by FRS 102 and the Challt* SORP FRS 102 the restatemert of ¢(m￿rat￿* it￿S was requiied. The￿ we no rgstatèm•nts to note. Id) Fund$ Vnrestrided funds- represent fuThJs be used in ￿￿Or￿a￿e with the charitajk objects at Ihe discretK)n of the Trustees. ReslriLle(I furNts - Tewesent f￿d5 tlot can onty be uswj fty partKular re5trictwJ wrp)ses within tho objects of the hallty. Rastricttr￿ specffj￿d ty Ihg don(* LY when the funds are raisgd fly spa¢ific ￿Stricted purposes. Furthei eX￿tIOn of the nalwe and purwse of lund 15 w￿L*jed in Ihe notes io the financk41 statert*nts. 13 JUNCTION COMMUNITY TRUST NOTES TO THE FINANCIAL STATEIAEMrs FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNTING POUCIES- conlinued (•} Ineom• All ineoming r¢soiir¢os aré the ￿ernent rf Finan¢yal AUMti•S {StsFA) when the charity is kgal entilled lo the incame after any perfc¥mance C0ndrt￿S have been met, the amount can be rr*asured reliabty and it is probable that the irrA)me be ￿Ne￿. For donations to be recogni5ed the tharty have been not[r￿d of Ihe amounts and the settlement date in writin9. If there are coThJitions attached to Ihe donats)n a)d this rèquires a thl of pthmance before entit￿ment can be obtained then income is deferred until ￿se conditiorts are fully met (Y the fu￿lMent of th058 condition5 is within the ctsntr￿ d the charity afKI it 15 probab￿ that they wll be fuifille(l. Donated Iwitsties and donated ￿OfessIOnal swvicvs we re¢c•Jnised in irhxJrr* at their fair value when the ecor¥)mic benefit is F*rt•abk, rt can me3￿r8d rel￿•blY ch*ty has control over the itern. Fai¥ value is detemiined on the basis of the vakje of the giR lo the ¢harty. For example Ihè amount thè charrty would be wtlling to pay in Ihe cyen markel fcm SLth faolties aThJ suvKes. A o)rresponding ￿Otsnt is recwnised in expenditure. Where pract￿￿*, in kn.nd d￿al¢￿ fty disln"button to lh¢ ben*Karies of Ihe L*arity ¥e induded In stock and donations in ihe f￿￿0a1 statemenis uFon receipt. W rt 6 impracttsble to assess the fair value al rerEipt or if the ts to undgrtake SLKh a valUati￿b QUI￿￿3h ￿Y b￿n￿t5. then the far value is r¢mgnised as a ts)mponent of donations when it is distribAed and an equi¥al•nt amwnt reD)gnised as (*ar*able expenditure. IncLYnè from traling ¥tNib"e$ indLKle$ in¢ung eamed frorn frJThJraiyng ¢v•nts and trading adiviiiès to raisè funt1s for tha ¢hanty. IrwAng 1$ re¢gNsd in excha￿? for supplyw¥J g(xts and $8rvic•s ￿ ordèr to raisa funds and ss recognisely when entrtknient has ocoJrreJJ. Inlerest inccme is recognised u&ng Ihe effeclNe wrterest Met￿)J and dmdend and ￿nI inccThe is ￿CogniSed as the chanty's rBht to rewve payrnenl is ￿tab*Shed. lfj ExPend￿Ule All expenditure is aC￿￿ted lor on an acrxua15 basis and has been da5sified headinys that ureg8te all costs related to the categ¢xy. Expendrture is recognised ¥**ere there is a tegal crf conStr￿ti¥e obligation to make payments to third partie5, it is ryobabk that Settlement will be required and Ihe anKwnt of the obligation Can be mèasured reliat4y. It is categoriswj ur¥Jer Ihè lolb)wThJ headity: Costs of raising f￿dS irthdes al costs ￿ reknn lo genwating vokjntsry iTrcm. fvr¥Jrai$ng events and fun(Iraisin9 trading- Expenditure on charitable acl1vit￿$ indudes costs in to the SFear C￿lSeS. and Food Ba￿1 Actwitie5. lffecoverable VAT is charged as an exwse &Jainst the admty for which experKliture wose. Staff costs a￿ all¢xated beNveen cost headwws acc(¥d1￿j to the of e&h employee. 191 Alloeatlon al support #nd gov•manc• eosts Support cosis are Ihc6e that assist wort of the charity twt do ￿ dredy represent tharstable activittes and indudè governarth costs, athninistratNè offth furttfrjn co*, HR and reLYuth)ent. and premi$9S ￿)st$. Thèy ar8 inc¢Jrred direcity in supFut of expwdibjre on the (t1￿ cl ts charitable c(Nnpany. GOVernar￿ costs ¢(xnpnse all costs involving th& public acctyJnia￿litY ol the Twust ar￿ rts compliarKe with gulation good waclicè. These costs ¥K4ude costs rdated lo the ￿dependent examination. slat￿ory audil and le9al fees. Support and Go¥•mar￿ costs have been ar￿ated a(xoss the charitabl• xtivitias bas•d ￿ an ana￿lS of t lirne spent on eaL* project 14 JUNCTION COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ACCOU1￿1NG POUCIES- ￿ntinu•d (hl Stocks In prowess Th¥ Balance slEel indLth ihe estimated vabJ• of focrfj that can be donated in the JurKtion Communty Trust Foc*lbank. The esh"mated cost of fotyj has t>een cafcuts¢ed by wevJht at an average retail c¥Jst of £1.75 p8r kilogram1£1.75 pw kg f(Y 2020 ac4xwtsI. The tolal amourt of food distribuied thè paric*Y was 168.384kg. lil Dgbto Othei debt¢Y5 we recognised at the seltthent amount d￿. F*epayTronts •r* valued at Ihtr wnount wapaid. Accnjed inccm& is Measur￿ at the ￿￿￿nt due lo be received. til Cash at bank and in hand Cash at bank ￿ cash in hant1 indudès cash and shcfft twm hohly l#Juid investments wth a short matur(ty of three months or less IT￿ the dae of acquisit￿ or opening ￿the deposit or similar a(￿o￿nI. Ikl Cr•thtors and provlslons Cr8ditcYs ￿ re¢ognis8d vlthere the Trnst has a present ob￿al￿ ￿sU￿br￿￿ from a past everrt Ihat will probabty result in thè transler d funds to a third pty and thè amount duè to settk the oblvJatK)n can be measured or estsmated ￿11abty. Olh¢r 8thJ awuab afe r￿OgnISed * th&r settkment a7MyJnt due. 11) Employee ben•fi When empty8s have rendwed Serv￿ to Ihe (tharity. th0rt4erm ￿thee berth to whKh the employoos orè entrt￿￿ are reco9nis•d at the undiscountad aftKJunt experted to be pa*J in exchary frKthat seryice. {ml T•x charitable company is lo pass the tests set (xrt in Paragr¥h I Schedul& 6 FInat￿ Ad 2010 and th9￿fore it meets the definiti￿ of a chwitablè wmpany for UK cOrp￿at￿ tax purposes. P£cordingty. the charity is poientialty exempt fr¢yn tsxats)n in resped of inccffle or capital gains re¢eNed wrthin calegor¢es cove￿4 by Chapter 3 Part 11 COfF￿ratIOn Tax Act 2010 C￿ Sectb)n 256 of the Taxat￿￿ of Char9aabb Gains N£t 1992, to the extent that such inccffje or gains are aFpl￿d excI￿￿ety to etrk3ritab￿ purposès. In} Judgements and key swrces of •stimation uncertalnty In apPl￿tIon of the charity's accountry p%Jfjc*s, the trustees are reqwed to make judgements. estimates and assumptions about the carrying amcwjnt of assels and Iiats"lities that we nd readily apparent frixn olher sources. The estimates and associatwj assumptws are based ￿ hi8￿Cal expen•rTreè and other f¥t¢Jrs that are considered to be rdevant. Actual rèsults may drffer frcffi these e5ts'mates. Tho &stimate$ and Ur*￿n9 aSsWnplK￿ We revwhed cffl an ¢)nwrvJ basis. Revis￿n5 to accounting eslwnated a￿ recognis&1 in Ihe penod in whth the estinate is revised where the ￿¥75￿}n affe(ts onty thal period or in the period of the revison and future perK*s t*there the revIs￿n afferAs bolh current and future periods. 15 JUNCTION COMMUNiff TrUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 WICH 2021 DONATIONS AND LEGACIES Unrestrlded R•strlcl•d IAaf 2021 IAar 2021 IAar 2021 Mar 2020 Gr*rt Ineome Bgn¢frts in {Ma)agwnwrt Con5utsry) tlonations RocovefatrAe Gift 10 144.233 55.000 492.549 63.522 144.243 5S.000 534,662 67.413 56,852 68,750 246,817 8,888 42,113 3,891 46,014 755.304 801.318 381,307 In the ye¥ lo 31 Mar¢h 2020. £38.357 of Was attribut*)le to unrestricted funds and £342.9￿ was attribulable to restricted funds. INCOME FROM CHARITABLE ACTMTIES Llrnstrithd R•strid Mar 2021 Mar 2021 PAar 2021 M•r 2020 Foc#Y Donated ftr Foodtonks 327.4 327.490 161.320 327,490 327,490 161.320 In the year to 31 March 20x1, all crfthe frc*n rts11*•￿ adivities was altribulablg to restridgd fun¢Js. INCOME FROM OTHER TIIAOING ACTivmES Unre$trided klar 2021 Restrit*èd Mar 2021 Mar 2021 Mar 2020 Spèar Summer Party and èvents 15.173 15,173 61.372 15.173 15,173 61.372 In the year to 31 Marth 20x1. all oflhe irKc¥ne from Cts Tradin9 Athlies *$ attril)ut•b￿ to rèstricted funds. INVESTMENT INCOME Unrestrided Mar 2021 Restricted Mar 2021 Mar 2021 ar 2020 Bank interest 43 43 S07 In the year lo 31 March 2020. al of ts inveslment ir￿orne was altritwjtable lo urKe5trÉded ftmds. 16 JUNCTION COMMUNifY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IAARCH 2021 SING FUNDS Uore$trict•d R•strid Mar 2021 Mar 2021 Mar 2021 Mar 2020 Costs of gwerating volunfary income 3.571 3,571 24,896 3.571 3,571 24,896 In the ￿¥r to 31 March 2020. all of th& expenditur8 from (a)sts of pnerating inc£me was attri￿lable to restricted funds. CHARITABLE ACTivmES Unr•strlcted Mgr 2021 R•slrfcted Mar 2021 ar 2021 Mar 2020 s￿ar CcMJr5e Ex4￿A$s$ Food Bank Actiwligs 5.130 5.131 135.207 661.095 140.337 666,228 193,977 308.364 10.261 796.302 806,563 S02,341 In the y•¥ to 31 Marth 2020. a crejjit balan￿ of £2242 of the e¥perhdiIU￿ on (*wif*Jkn activities w8$ uftrestrictted ar￿ £504,583 of e¥perKJitwe was reStri￿ed. ANALYSIS OF EXPENDrruRE Dlr•Gt Support Costs Charitabl• {note 9) M•r 2021 Mar 2020 Raising Funds Charrtable Activities: 3.571 3.571 24,896 Spear CoJrse Expenses Foodbank Athvities 130.(M)6 fKII,645 10.331 64.581 140,337 666,226 193,977 306,364 74.912 810.134 527,237 In the year to 31 March 2020. £507,653 ex￿dIu[¢ tharila￿e ¥tMts"es was attr*wJL*Jk to direct costs and £19.$84 was attributsble to supp(wl costs. 17 JUNCTION COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2021 SUPPORT COSTS .Mar 2021 Mar 2020 Sundry Expenses Offic¥ EquiFynttnt Teleplwne antj IT station￿ and Postage Subsistence and Travel 2,012 23.956 8.055 1.080 6.289 989 25.¢A9 2,C62 5.4C(J 17.1871 910 7,287 3,724 6,071 1,799 2,360 2,940 1,680 Insurance Administration Costs Professional Fees G¢)vemanee {se• nckn 101 74.912 19,584 10. GOVERNANCE COSTS Mar 2021 Mar 2020 IndepeThYent E￿ninatIOn Fee Audit Fee Oth•r AccoJntai)cy Foes 1,020 5,41)0 660 1.680 11. NET INCOMEI {EXPENThTURE> FOR THE YEAR M4r 2021 hl•r 202Q This is Stat￿ after tharging: Audit Fee IndeperKlent Examina1￿ Fee 1.020 18 JUNCTION cOMMU￿Ty TRUST NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 IAARCH 2021 12. AP4ALYSIS OF STAFF COSTS. TRUSTEE REMUNERATION AND EXPENSES AND THE COST OF KEY IAANAGEIAENT PERSONNEL Mor 2021 Mar 2020 Salarie5 aNI waggs Soaal s8curity costs Pension c05ts 203.172 12.743 9.951 192.805 9.616 9.821 225.866 211242 The a¥erage nlxnber of full-time ewNalent emptyees.. Charitable Activities EM￿0ye? time has boen to d*ect costs bas&l the acknvity they are involved in. No wnployee r￿ed annu*ised remurw*ion above £60.rA)o During the period to 31 March 2021, rK) trust￿ were PaKI othar benèfits from empk)ymont wfth the ¢harit*l¢ oynpany. Jring th• pariod to 31 Mar¢h 2021. no trust￿ papj or f￿r¥ed other benoffts from employment wkh th& ¢haritable company.12020: N￿&) The key managewit of the charitalle ccfflpany ¢xrr¢The the tnJ5tees. The Twstees do any remunèration fw this ro￿. 13. STOCK Mar 2021 M•r 202D Food Stocks for Fothdbonk DistrbJt*)n 39,883 12,438 39.883 12A38 DEBTORS Mar 2021 IAar 2020 Othw Dotltys Prepayments and ac(n￿d Inc(￿ 9.714 58,267 11,097 58267 19 JUNCTION COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 CREDITORS: AMOUNTS FAWNG DUE NMTHIN ONE YEAR Mar 2021 Mar 2020 Trade Cre(lfto Other cr￿ltorS 6,826 3.261 25,461 3.614 10,087 29,075 RESTRICTED FUNOS 1 Aprll Ine4wning Resourcts Tr￿r$ 2020 r•SOur￿ Exp•nd•d 31 March 2021 R•strict•d fvnds Spear Foodbank (7.3341 78.091 205,757 907.123 138.678 676,108 59,745 309,106 70.757 1.111880 814,786 368.851 16￿ RESTRICTED FUNDS- Prior Year 1 January 2019 Incomlng R•sourc•s Transf•rs sources Expend 31 March 2020 R•stiict•d funds Spear F(*Jdbank 15.230 19.364 191.604 374,038 {214.1681 1315.3111 17.3341 78,091 34.594 565,642 1529,479) 70.757 Spear Sp•ar lunds are hald ￿ the usa of tha Training ctyjtsè. fctusad cffj aiding young p¢opb to gain sknlls to employmenl lrfe ckn The actions we havè taken and recent grants received frc¥n Wands*Lx1h Courtil and Iwo LN•ry Companiès amoNJ others, as well as the ￿￿51ricted fuThYs 8fdilatAe. give us crmffidence that we can continue to coerate Spear for the foreseeab￿ future. Foodbank The Fo¢￿￿￿nk lurKt 13 81 emergenryy fr￿j #NJ supwl to peopb in uisi8. JUNCTION COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 17. ANALYSIS OF ASSEfs BEfwEEN TOTAL F1Tr4DS Unrestricted funds Restrlcted funds Total Fund bala￿$ at 31 Marth 2021 we rePr￿ted ty. Sto¢k DebtcKs 39,883 11.097 327,958 110.087) 39,883 11.097 474.491 {10.0871 Cash at bank and in hand 146.533 Other net currgnt assetsl1ffiatii1￿￿￿) 146.533 368,851 515.384 17L . ANALYSIS OF NET ASs￿s BE[Y￿EN TOTAL FUNDS-Prlor Y•ar UDrestrlct•d funds funds Total Fund bal￿ at 31 Marth 2020 are r4wenled 14f". Stock 12,438 58.267 29.127 129.075) 12.438 58,267 139,864 129,0751 Debtors Cash at bank ar￿ in hwd Other rLet rAffenl 8$S￿l￿abillIiesI 110.737 110.737 70,757 181.494 18. RELATED PARTY TRANSACTIONS There ara no relaled pty transaclions dur1￿ the period (2020.. £ ft￿). 19. RECOMCILIATION OF NET CASH IUSEO IN) OPERAnMG ACTMTIES Mar 2021 Mar 2020 Net inCom•llexpenditu￿I fcr the reF¥yling period {as per ts statem￿1 cl financial aCtivi￿e$l 333.890 77,269 Adjuslmtnts for.. Dividends. interest aThY rents from ￿¥earner￿ Ilncrèaseyde¢xea5è in stocks Iln(xeaseydw&as¢ in debtors IncreaWldecrease} in creditcrfs 143) {27.445) 47,170 (18,9881 15071 11,105 (52.1481 9,281 Net cash prwded ty operaiing ath.vtrs 334,se4 45,C4X) 21 JUNCTION COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2021 20. STAYEMEP4Y OF FINANCIAL ACTMfiES- Prior Year Tolal March 2020 Total Dècember Unrestriet•d R•stThcted Fynds Funds 2018 C%Jnaiions 8nd legacies Charitable artivitie$ Olhef trading activit*s Investsnenl inccffle 38.357 342,950 161.320 61.372 381,307 161.320 61,372 507 207,914 112.053 95.377 459 507 T(knl Income 642 41 803 Exp•ndSture: Raising lurttys Charitat￿e actMt*s 24.8 24,896 502.341 21,352 375,439 (2.2421 T<)tal eX￿n￿lIU 242 527 237 396 791 Nèt l•xp•ndtUf•lllnc¢)rno 41.106 3fj.163 77,269 19.012 Tr¥n$f*r botween funds Nèt mo¥8m•nt in funds 41.106 34163 77.269 19.012 Reconclli*ion of funds: Total funds brought lorward Tolal lunds earrl•d for*anl 69.631 110737 34,594 104,225 85,213