Charfty reglstration number 1149780
Company reglstration number 08032776 (England and Wales)
JUNCTION COMMUNITY TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Caladine
Chartered Certified Accountants

JUNCTION COMMUNITYTRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Revd Martyn Layzell
Mr Rajlv Jayaratnam
Ms Sarah Wfilliams
Mr Christopher Payne
Mr Jonathan Walker
Mr Daniel Free
Ms A Meeson
Ms R Coverdale
MrA Sleator
(Appointed 15 January 2024)
(Appointed 15 March 2024)
(Appointed 15 December 2023)
Charlty number
1149780
Comp•ny numb•r
08032776
Prlnclpal addrM•
clo St Mark's Church
Battersea Rise
London
SW11 1EJ
Regl8tsred offlce
clo St Mark's Church
Battersea Rise
London
SW11 1EJ
Independent oxamlner
John Caladine FCCACTA FCIE
Caladine Llmited
Chantry House
22 Upperton Road
Eastbourne
East Sussex
BN21 1BF
Banker•
National Westminster Bank
6&68 St John's Road
Batter8ea
London
SW19QR

JUNCTION COMMUNITYTRUST
CONTENTS
Pag
Trustees, report
statsment of trustees, re8ponslbilltles
Independenl examlnerfs report
statement of financlal 8Ctlvltie6
ststement of financl81 position
Slatement of cash flow8
Notes to the flnanclal stat8ments
10-21

JUNCTION COMMUNITY TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The Trustee5 present their annual report and financial statements for the year ended 31 March 2024.
The fin8nclal statements have been prepared In accordance Voith th8 accounting policies set out in note 1 to the
financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act
2006 and Accounting and Reporting by Charities.. Slatemenl of Recommended Praclice appllcable to charities
preparing their accounts In accordance with the Financial Reporling Standard applicable in the UK and Republic of
Ireland {FRS 102)" leffeclive 1 January 20191.
Objectlves and actlvlties
JCT Is a charity set up by, and linked to, St Mark's Battersea Rise. It is a positive expression of St Mark's Church
demonstrating God's love in pr8Ctlcal ways.
JCT seNes people and works with organisations of any belief to bring about transformation in the community. We
believe that everyone has the right to food on their plate, dignity in society, the chance to develop their skills and
find work that pays falrfy, and hope for the futu￿,. and we advocate for these to become reality.
JCT Irustees are motivated by the hope of the message of Jesus Christ and the desire to tum faith into practical
action, by living out God's love for people who are in need and marginalised. Based on Jesus, teachlng on povety
and Injustice, they believe in the Christs'an values of compasslon, justice, honesty, integrity, and care for all people.
The objectlves of the Trust, as set out In Its Artlcles of A8so¢latlon, are..
The relief of persons who are in condltions of need, hardship or dlstress as a result of poverty, Social
i501ation, addiction, sickness or other social or e',conomlc circumstances, In particular any such persons in
the community local to St Mark's and the Borough of Wandsworth,. and
The promotion and support of such other excluslvely charitable purposes and Institution5 as may from time
to time be determlned by the Trustees.
The tNstees consider the work of JCT to be In accordance with Charity Commission guidance on public benefit
through the impact of Its prlncipal activities, specifically..
Supporting local young people through the Spear programrne., and
Helping local people in crisis and facing slgnificanl deprivation through the Foodbank.
Each Is review8d In turn.
Achlevoments and perfomiancè
Spear Clapham Junctlon
From 1 April 2023 10 31 March 2024, JCT successfully continued Ils Spear progr8mmes In cooperalion with
Resurgo Trust. These are personal and professional development programmes providing young people aged 16-24
and not in education. ernploymenl or training {"NEET"I with the work and life skllls they need. Each programme
stsrts with a 6-week foundation phase, which consists of group sessions and one-to-ones on becoming more work-
ready through: discussions and coaching on mindsets- pre5entalions' self-esteem and self-motlvation-, guidance on
Ihe completion of job application forms and cover letters., training In interview ski115 (including participatlon in mock
Interviews), as well as wellbeing. Following the foundation phase, further support in gaining and retaining
employment continues for 12 months. The programmes are free for participants. Resurgo has successfully run
these programmes for eighteen years- JCT started running them in 2012.
To achieve ils objective, JCT sought to.. mainlaln a strong relationship wlth its partner Resurgo; Taise adequate
funding.. retain suitably qualified and Irained staff- publicise the work of JCT and the Spear programmes in order to
encourage attendance; and rnainlain a strong volunleer base and continuing financial support.

JUNCTION COMMUNITY TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
JCT has typically employed three pemianent members of staff to coach the foundation programme and support the
young people for 12 month5 after the foundation phase. They receive regular training from Resurgo. The
relatpnship with Resurgo is further strengthened through regular formal and informal meellngs between Individual
JCT trustees and Resurgo.
Wandsworth Foodbank
From 1 April 2023 10 31 March 2024, JCT successfully continued to Tun the Wandsworth Foodbank 11 launched in
2013. This aims to provide emergency food and support to local people In financial hardship. Each food box
contains a mlnimum of three days, nutritlonally balanced, non-perlshable food. Clients of the foodbank are referred
by care professionals, when extreme financial hardship means they Can't afford essentials Ilke food.
To achieve Its objectlve, JCT maintalned a strong relatlonship with Its partner Trussell Trust.. to raise adequate
funding-, retaln sullably qualified and trained staff-, publicise the food bank,. and build a strong volunteer base and
continuing financial support. Tru5sell Trust and Citizens Advice have created a free national helpline. where people
can speak to a Citizens Advice Advisor and be referred lo a local food bank across the UK, including to Wandsworth
Foodbank.
Flnanclal revlow
JCT'S overall income In the year ended 31 March 2024 was £885,204, compared to £980,892 for the year ended 31
March 2023.
Income received In relatlon to Foodbank in 2024 was £677.735 (2023.. £777,466).
Income received In relation to Spear in 2024 was £164.647 (2023: £161,678).
Expenditure for the year ended 31 March 2024 was £989,697, compared to £893,496 for the year ended 31 March
2023.
Expenditure in relation to Foodbank was £814,456 (2023: £713,446).
Expenditure in relation to Spear was £167,725 (2023.. £171,739).
Reserves policy
Reserves
JCT engages In several dlstinct charltable 8Ctivltie8. Contributions to JCT are typically dlrècted to one of these
adivities, and since their use is restri￿ed they are nol reserves. Much of JCT'S income to support these activilles
comes from one-off grants and large fundraising events, rather Ihan regular donations. It is therefore irregular In
tlmlng and size. For this reason, it aims to have assets that, 10gelher wilh future regular contributions and other
committed sums, would be sufficient lo cover at least the next 6 months of e8Gh of it5 actlvities.
JCT makes use of St Mark's Church premlses. It therefore has a Ilmited exposure to the costs of repair and upkeep
of its facllities. In the year ended 31 March 2024, these costs totalled £41,00012023'. £33,000).
JCT expects that any new charltable iniliatlve would be funded through addltional fundraising activity. It therefore
does not hold reserves to cover the c051s of such expansion. Given these facts, and the pollcy of pre-fijnding
specific activities it sees limited need for substantial additional reserves.
Nevertheless, to meet contingencies such as mlnor repair costs throughout the year or a delay in the receipt of a
promised sOu￿e of income, it aims to hold a sum equlvalent to at least one month of its total regular outgoings as a
general reserve. Assets not immediately required would normally be held on deposit.
As at 31 March 2024, JCT held restricled funds sufficient to cover less than one month of regular outgoings for
Spear. and less than five months of regular outgolng5 for Foodbank.. it held unrestricted funds sufficient to cover five
months of total regular outgoings. These figures Ignore future income. 11 plans to continue fund raising. Total
unrestricted reserves at the end of the year were £229,908.
Major risks
The Trustee5 have assessed the major risk5 to which the charity is exposed, and are 5alisfied that systems are in
place to mitigate exposure to Ihe major risks.

JUNCTION COMMUNITY TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Structure, governance and management
JCT is constltuted under Artlcles ofAssociation as a Company Limiled by Guarantee and not having a share capitsl.
The Trustees, who are a150 the directors for the purpose of company law, and who served during the year and up to
the date of signature of the financial statements were..
Rev'd Martyn Layzell
Mr Rajiv Jayaratnam
Ms Lucy Price
Mr Padmesh Vishani
Ms Sarah Wlliams
Mr Christopher Payne
Ms Esther Chew
Mr Jonathan Walker
Mr Thomas Ahern
Mr Daniel Free
Ms A Meeson
Ms R Coverdale
MrA Sleator
(Resigned 2 December 2023)
(Resigned 3 June 2024)
(Resigned 6 December 2023)
(Resigned 15 January 20241
(Appointed 15 January 2024)
{Appointed 15 March 2024)
(Appointed 15 December 2023)
ReC￿ltment and 8ppointment of trustees
Any person who is willing lo act as a trustee, and who would not be disqualified Irom acllng, may be appolnled lo be
a trustee by a decision of the trustees. The Vicar of St Mark's Church is an ex officio trustee and Chair of JCT. In
2024, Mr Christopher Payne was appointed co-chair of JCT by the Board of Trustees.
The PCC of St Mark'8 also has the right to appoint up to two members of the PCC to the position of trustee.
There are no specific policies or procedures relating to the induction and tralnlng of trustees. However, In practlce,
trustees with relevant knowledge or experience are appointed.
Any declsion of the trustees must be either by decision of a majority of the trustees present and voting at a quorale
trustees, meetlng, or when the malority of Iruslees have Indicated to all the trustees by any means (including email)
that they share a common view on a matter. Full trustee Meetings typlcally occur every two months.
Day-to4ay decislon making ￿latIng to JCT'S specific charitable activities is delegated to JCT staff appolnted to
oversee these activities. The organisatlon of fundraising events is typically delegated to an events commlttee
consisting of selected trustees and other indivlduals with relevant experience.
The trustees have reviewed the major dsks to which the charity is exposed and systems or procedures have been
established to manage those risks. In particular, the Gharity has documented procedures wlth regards to finanGe,
working wlth children and vulnerable adults, health and safety and other matters.
JCT looks to learn from and work in partnershlp with other organisations with experience relevanl to Its Gharftable
activities. In particular, since 2012, it has worked c105ely with Resurgo Trust. Resurgo Trust is a charlty founded
through St. Paul's Church in Hammersmith in 2004. Resurgo aims 10 stimulate slgnificant social transformalion In
local communities by helping people facing serious social disadvantage to transform their siluation. In particular,
among its activities, il has provided 'Spear' programmes for young people (discussed above). Resurgo has provided
JCT staff with extensive training, ongoing support and materials to enable them to conduct these programmes.

JUNCTION COMMUNITY TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Similarty, since 2013 JCT has worked closely with the Trussell Trust. The Trussell Trust's niission is lo develop, run.
and enable communities to Teplicate sustainable projects Ihat combat povety and exclusion, and to share their
experiences in order to ralse awareness of the issues. In 2004, Trussell Trust launched the UK Foodbank Network
to teach thurches and communllies nationwide how to start their own foodbank. Trussell Trust has provlded
extenslve guldance and support to JCT as it launched its Foodbank.
Non8 of the Trustee5 has any beneficial interest in the company. All of the Trustees are members of the company
and guarantee to contrlbute £1 in the event of a winding up.
The trustees, report was ap
rov
by the Board of Trustees.
Rev'd Martyn Layzell
Trustse
4th Npvember, 2024

JUNCTION COMMUNITY TRUST
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The TTUStees, who are also the directors of Junction Community Trust for the purpose of company law, are
responsible for preparing the Trustees, Report and the financial statements in accordance wilh applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the Trustees to prepare financial statements for each financlal year which give a true and
fair view of the state of affairs of the charity and of the incomlng resources and application of resources, including
the Income and exp8nditure, of the charltsble company for that year.
In preparing these flnancial statements, the Trustees are required to..
Select suitable a¢countlng policles and then appty them consistently;
- observe the methods and prlnclples in the Charltles SORP;
make ludgement$ and estlmates that are reasonable and prudent.,
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explalned in the financial statements. and
prepare the financial statement5 on the going concem basis unless It is inapproprlate to presume that the charfty
will continue in operation.
The Trustees are responsible for keeplng adequate accounting records that dlsclose wlth reasonable accuracy at
any time the financial position of the charlty and enable them to ensure that the financial statements compSy with the
Companies Act 2006. They are also responsible for safeguardlng the assets of the Gharity and hence for taklng
reasonable stepg for the preventlon and detection of fraud and other irregularities.

JUNCTION COMMUNITY TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF JUNCTION COMMUNITYTRUST
I report to the Trustees on my examinatlon of the financial statements of Junction Communlty Trusl (the charity) for
the year ended 31 March 2024.
Regponslbili￿e5 and bas18 of report
As the Trustees of the charity (and also its directors for the purposes of company law) you are Tesponsible for the
preparation of the financial slatements in accordance with the requlrements of the Companles Acl 2006 (the 2006
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of
the 2006 Act and are eligible for Independent examination. I report in respect of my examination of the charity's
financial statements carried out under secllon 145 of the Charities Act 2011 (the 2011 Act). In carrying out my
examinatlon I have followed all the applicable Dlredlons glven by the Charity Commlsslon under Sectlon 145(5)(b)
of the 2011 Act.
Indgpendent examlneV8 Btstem•nt
Since the charity's gross Income exceeded £250.000 your examiner must be a member of a body listed in section
145 of the 2011 Act. I confirrn that l am quallfied to undertake the examination b8cau8e l am a member of the
Association of Chartered Certified Accountants, whlch is one of the listed bodies.
I have completed my examination. I confirm that no fflatters have come to my attentlon in connecllon with the
examination glving me cause to belleve that In any materlal respect..
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act,. or
the financial statements do not accord wlth those records., or
the financial statements do not comply with the accounting requlrements of secllon 396 of the 2006 Act other
than any requirement that Ihe accounts give a true and fair view which Is not a matter considered as part of an
independent examlnation., or
the financial statements have not been prepared in accordance with the methods and PTlnciples of the
Statement of Recommended Practlce for accounting and reporting by charities applic8ble to charities
preparlng their accounts in accordance with the Flnancial Reporting Standard appllcable in the UK and
Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examinallon to which attention
should be drawn In thSs report in order to enable a proper understanding of the financial statements to be reached.
John Caladlne FCCA CTA FCIE
Caladine Limited
Chantry House
22 Upperton Road
Eastbourne
East Sussex
BN21 1 BF
Dated..
2ALY

JUNCTION COMMUNITY TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrlctod Restricted
funds
lund8
2024
2024
Total Unrestrlcted Restrlctsd
funds
funds
2023
2023
Total
2024
2023
Not88
Incofflo from:
Donations and legaclès
Charitable actlvities
Investment5
41,525
534,801
307,581
576,326
307,581
1,297
41,373
626,839
312,305
668,212
312,305
375
1,297
375
Total Income
42,822
842,382
885,204
41,748
939.144
980,892
Expendlture on:
Raislng funds
Charitable activltles
550
981,631
550
989,147
17,838
867,347
17,838
875.658
7,516
8,311
Total expendlture
7,516
982,181
989,697
8,311
885,185
893,496
Not Incomèl(8xpendlture>
35,306
{139,799) {104,4931
33,437
53,959
87,396
Transfers between
funds
17
13,078)
3,078
(9,8321
9,632
Net mov•ment In
funds
32.228
(136,721) (104,493)
23,805
63,591
87,396
Roconclllatlon of funds:
Fund balances at 1 April 2023
197,680
312,991
510,671
173,875
249,400
423,275
Fund balances at 31 March
2024
229,908
176,270
406,178
197,880
312,991
510,671
The statement of financial acllvltles includes all galns and losses recognlsed In the year, All Income and expendlture
derfve from continulng actlvities.

JUNCTION COMMUNITY TRUST
STATEMENT OF FINANCIAL POSITION
ASAT31 MARCH 2024
2024
2023
Notes
Current assets
Inventories
Trade and other receivable8
Cash at bank and In hand
12
13
13,179
54,028
803,552
11,515
48,693
605,500
670,757
(264,579)
665,708
(155,037)
Curr•nt Ilabllltle8
14
Not current a88ots
406,178
510.671
Net assets excludlng penslon Ilablllty
408,178
510,671
The funds of the ch•rlty
Restrlcted income funds
Unrestrlcted funds
17
176,270
229,908
312,991
197,680
406.178
510,671
The company15 entitled to the exemptlon from the audlt requirement contslned In 8ectlon 477 of the Companles Act
2006, forthe year ended 31 March 2024.
The directors acknowledge thelr responsibllltles for complying with the requirements of the Companies Act 2008
with re8pect to accounting record8 and the preparatlon of financl81 statements.
The members have not requlred the company to obtaln an audli of Its finanaal statements for the year In questlon In
accordance wlth section 476.
These fin8nclal statements have been prepared In accordance wlth the provisions appllcable to companles subjed
to the small companies reglme.
The financial ststements w
Te
roved by the Trustees on ..
2111012024
Rev'd Martyn Layzell
Trustee
Company registratlon number 08032776 {England and INales)

JUNCTION COMMUNITY TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operatlng actlvltle$
Cash (absorbed by}Igenerated from
operations
22
{3,245)
197,878
Invèstlng actlvltles
Investment Income recelved
1,297
375
Net cash gener4t•d from Investlng
•ctivltle8
1,297
375
Net {decrea8o)Ancrea8e In c••h •nd cash
equlvalents
(1,9481
198,253
Cash and cash 8qulvalents at beglnning of year
605,600
407,247
Cash and ca8h equlvalonts at end of yoar
603,552
605,500

JUNCTION COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcles
Company Informatlon
Junction Community Trust is a private company limited by guarantee incorporated In England and Wales. The
registered office is clo St Mark's Church, Battersea Rise, London, SW11 1 EJ.
1.1 Accountlng conventlon
The financial statements have been prepared In accordance wlth the charity's Memorandum and Articles of
Assoclatlon. the Companles Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland" ( FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities: Statement
of Recommended Practice appllcable to charities preparing their accounts in accordance with the Financial
Reportlng Standard appllcable in the UK and Republic of Ireland {FRS 102)" leffectlve 1 January 2019), The
charlty Is a Publlc Beneflt Entity a8 defined by FRS 102.
The financlal statements are prepared in sterfing, whlch Is the functional currency of the charlty. Monetary
amounts In these financlal statements are rounded to the nearest £.
The financial stalernents have been prepared under the hlstorlcal cost conventlon. The principal accountlng
policies adopted are set out below.
1.2 Golng concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity
has adequate resources to continue In operallonal existence for the foreseeable future. Thus the TTUStees
conilnue to adopt the going concern basis of accounting in preparing the financial Statements.
1.3 Charltable fund8
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable
objectlves.
Restricted funds are subject to specific conditlons by donors or grantors as to how they may be used. Th8
purposes and uses of tha restrlcled funds are set out in the notes to the financial statements.
1.4 Incom•
Income is recognlsed when the charlty is legally entitled to it after any performance conditions have been met,
the amounts can be measured rellabty, and11 Is probable that income wlll be received.
For donatlons to be recognlsed the charity will have been notified of the amounts and the settlement date In
writing. If there are ¢ondltlons attached to the donation and this requires a level of performance before
entitlement can be obtained then income Is deferred until those condilions are fully met Dr the fuifilment of
those condition5 is wilhln the control of the charity and it 15 probable that they will be fulfilled.
Donated facilitles and donated professional services are recognised in income at thelr fair value when thelr
economic benefit is probable, it can be measured reliably and the charity has Gontrol over the item. Falr value
Is determined on the basis of the value of the glft to the charity. For example the amount the charity would be
willing to pay in the open market for such facilities and serrfices. A corresponding amount is recognised in
expenditure.
Where practicable, gifts in kind donated for dislribution to the beneficiaries of the charity are included in stock
and donalions in the financial statements upon receipt. Donated food for the Foodbank has been measured at
£2.371kg (2023: £2.371kg), as recommended by The Trussell Trust. If it is impractlcable lo asse5S the fair
value at receipt or if the cosls to undertake such a valuation outweigh any benefits, then the fair value is
recognised as a component of donations when it is distributed and 8n equivalent amount recognised as
charitable expenditure.
10-

JUNCTION COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollclos (Contlnued)
Legacies are recognised on recelpt or otherwise if the charity has been notified of an impending distribution,
the amount is known, and re¢eipt is expected. If the amount is not known, the legacy is Irealed as a
contingent asset.
Income frorn trading activities Includes income eamed from fundraising events and trading activities to raise
funds for the charity. Income is received In exchange for supplying goods and services in order to raise funds
and is recogni8ed when entlll8ment has occurred.
Interest Income is recognised uslng the effecllv8 Inlerest method and dlvldend and rent Income Is rècognised
as the charity's rlght to receive payment Is established.
1.6 Expendlture
All expendlture is accounted for on an accruals basis and has been das8lfied under headlngs that aggregate
all costs related to Ihe category. Expenditure Is recognised where there is a legal or constructive obllg8tion to
make payments to third parties, 11 Is probable that the settlement will be requlred and the amount of the
obligation can be measured reliably. It 15 categorised under the following headings:
Costs of raislng funds includes all costs in relation to generating voluntary Income, fundralsing events
and fundraising tradlng.,
Expenditure on charltsble activities Includes costs In relation to the Spear Courses, and Food Bank
Activities.
Irrecoverable VAT is charged as an expense against the actlvlty for which expenditure amse.
staff costs are allocated between cost headings according to the function of each employee.
Support costs are those that assist the Work of the charity but do not directly represent charltable activities
and include governance costs, admlnlstrative office function costs, HR and recrultment, and premises costs.
They are incurred directly in support of expenditure on the objects of the charltable company.
Governance costs comprise all c08ts Involvlng the public accountablllty of the Trust and Its compllance wlth
regulation and good practice. These costs include costs related to the independent examlnation, statutory
audit and legal fees.
Support and Governanc8 Costs have been allocated across the charitable actlvllles based on an analysis of
the tlme spent on each project.
1.6 Inventorles
The Balance Sheel contains the estlmated value of food that can be donated and used in thè Junction
Community Trust Foodbank. The estlmaled cost of food is calculated by weighl at an aveiage retail c08t of
£2.37 per kllogram {2023'. £2.37 per kilogram).
1.7 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call wSth banks, other short-term liquid
investmenls with orlginal maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
wlthin borrowings in current liabilitles.
11

JUNCTION COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng policies Icontlnued)
1.8 Financlal Instruments
The charity has elecled to apply the provisions of Section 11 'Basic Flnancial Instruments, of FRS 102 to all of
lis financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the
contractual provisions of the instrument.
Flnanclal assets and Ilabilltie8 are offset, wlth the net amounts presented in the flnancial statements, when
there is a legally enforceable right to set off the recognised amounts and there Is an intention to settle on a net
basls or to realise the 88881 and settle the Ilablllty simultanaou81y.
Basic financl•l assets
Basic financial assets, whlch Include trade and olher receivables and caBh and bank balanGes, are Inllially
measured al transaction price Including transaction costs and are subsequently carried at amortised cost
Uslng the effectlve interest method unless the arrangement constitutes a financing transartion, where the
transaction Is measured at the presenl value of the future receipts discounted at a market rate of Interest.
Financl818ssets classified as recelvable within one year are not amortlsed.
Basic financlal liabilltles
Basic financial liabllltles, including trade and other payables and bank loans are initially recognised at
transaction price unless the arrangement constitutes a financing transaction, where the debt instrument Is
me8sured at the present value of the future payments discounted at a market rate of interest. Financlal
liabilitles classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rale method.
Trade payables are obligations to pay for goods or 8ervices th81 have been acquired In the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities If payment Is due within one
year or less. If not, they are presented as non-current Ilabililies. Trade payables are recognised inltially at
transactlon price and subsequentty measured at amortised cost uslng the effective interest method.
Dern¢ognltlon of financlal Ilabllltles
Flnancial liabilltles are derecognlsed when the charlty's contractual obllgatlons expire or ar8 discharged or
cancalled.
1.9 Taxatlon
The charitable company Is considered to pass the lesls set out In Paragraph 1 Schedule 6 Finance Act 2010
and therefore It meets the definition of a charitable company for UK corporatlon tax purposes. Accordingly. the
chartty Is potentially exempt from taxation in respect of income or capital gains received within categorie8
covered by Chapter 3 Part If Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act
1992, to the extent that such income or gains are applied exclusively to charitable purposes.
1.10 Employee beneflts
The cost of any unused hollday erititlement is recognised in the period in which the employee's service5 are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
to temiinate the employment of an employee or to provide teTmination benefits.
1.11 Retirement benefits
Payments to defined contribution retlrement benefit sthemes are charged as an expense as they fall due.
12

JUNCTION COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Critical accounting estlmates and judgements
In the application of the charty's accounling policies, the Trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considerèd to be relevant. Actual results may dlffer from these estlmates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
eslimates are recognised In the pemod in whSch the estlmate is revised where the ￿vIsion affects only ihat
period. or in the perfod of the revislon and future periods where the revislon affects both current and future
periods.
Income from donatlong and logacle•
Unrn•trlcted Re8trlct•d
funds
fund8
2024
2024
Total Unr•strlcted Restrlcted
funds
fund•
2023
2023
Total
2024
2023
Donations and gifts
Grant5
41,525
346,211
188,590
387,736
188,590
41,373
452,387
174,452
493,760
174,452
41,525
534,801
576,326
41,373
626,839
668,212
Donatlons and gift•
Donallons
Gift ald recovered
Donated services
(Management
Consultancy)
36,141
5,384
254,805
36,408
290.946
41,790
39,520
1,853
349,971
47,418
389,491
49,269
55,000
55,000
55,000
55,000
41,525
346,211
387,738
41.373
452,387
493,760
Income from ¢harltable actlvltl•s
Re8trl¢ted
fund8
2024
Restrlcted
funds
2023
Spear
Other income
40,152
52,284
Foodbank
Sale of goods
267,429
260,021
307,581
312,305
13-

JUNCTION COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from Investments
Unrestrlcted Unrestrlcted
lund8
funds
2024
2023
Interest recelvable
1,297
375
Ralslng funds
Restrlcted Restricted
fund8
fvnds
2024
2023
Fundraisin
and ublici
Costs of generating voluntary income
550
17,838
14-

JUNCTION COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Expenditurn on charltable activities
Spear Foodbank
Total
Spear
Foodbank
Total
2024
2024
2024
2023
2023
2023
Direct costs
Staff costs
Supemiarket vouchers
Food distributed
Childcara voucher admln
fees
Citlz8n's Advice
contTlbutions
PCC contributions
Storage
Publiclty
MiBcellaneous costs
Consultancy and tralning
92,617
274.268
19,073
277,751
386,885
19,073
277,751
84.045
251,308
9,734
280,093
335,353
9,734
280,093
3,072
3,072
118
116
151,204
31,135
13,279
889
1,608
14,475
151,204
41,513
13,279
889
4,568
69,875
54,288
25,141
6,713
629
2,884
48,000
54,288
33,521
6,713
629
5,147
103,000
10,378
8,380
2,958
55,400
2,263
55,000
161,353
786,754
948.107
149,688
678.906
828.594
Share ol support and governance c08ts (see note 8)
Support
6,618
28,374
Governance
3,024
3,024
34,992
8,048
6,111
2,608
35,742
2,605
41,853
5,211
170,995
818,152
989,147
158,405
717,253
875.658
Analysls by fund
Unrestrlctad funds
Restricted funds
3,758
167,237
3,758
814,394
7,516
981,631
4,156
154,249
4,155
713,098
8,311
867,347
170,995
818.152
989,147
158,405
717,253
875,658
15

JUNCTION COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs allocated to activities
2024
2023
Sundry
Office expenses
Telephone and IT
Postage and stationery
Travel and subsistence
Insurance
Admln cost5
Client and stock tran8POrt costs
Governance cost3
1,271
1,067
7.684
325
2,870
2,680
7.110
12,008
6,047
1,044
7,987
5,470
721
2,234
2,367
10,149
11.881
5,211
41,040
47,064
Anal ed between..
Spear
Foodbank
9,642
31,398
8,717
38,347
41,040
47.064
2024
2023
Govomance costs compri8e:
Legal and professional
Accountancy fees
Independent Examination
3,527
1,610
910
2,751
1,570
890
8,047
5,211
Tru8te••
None of the Trustees (or any persons connected wlth them) received any remuneration or benefflts from the
charity during the year.
The Trust recelved aggregate donations from Trustees and related parties of £2,15012023.' £2,365) durlng the
year.
10 Employees
The average monthly number of employees during the year was..
2024
Number
2023
Number
10
11
16-

JUNCTION COMMUNITYTRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10 Employaès (Contlnued)
Employmènt costs
2024
2023
Wages and salarles
Social security costs
Other pension costs
329,031
22,981
14,873
298,497
21,931
14,925
368,885
335,353
There were no employ8es whose annual remun8ratlon was more than £60,000.
Remuneratlon of key management personnel
The remuneration of key rnanagement personnel was as follows:
2024
2023
Aggregate compensation
73,400
73.400
11 Taxatlon
The charlty is exempt from taxalion on Its actNlties becBUS8 all its incoffle is applied for charltable purposes.
12 Inventorle8
2024
2023
Food stocks for dlstributlon
13,179
11,515
13 Trade •nd ather rocelvabl•i
2024
2023
Amounts lalllng due wlthln one yoar:
Other recelvables
Prepayments and accrued income
2,066
51.960
4,419
44,274
54,026
48,693
17-

JUNCTION COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Current liabilities
2024
2023
Notas
Deferred income
Trade payables
Other payables
Accruals
16
146,195
111,901
3,963
2,520
75,767
72.457
4,353
2,460
264,579
155,037
15 Deferred Incarne
2024
2023
other deferred income
146,195
75,767
Deferred income Is Included In the financial staternents as follows:
2024
2023
Deferred income 18 Included withln:
Current liabilities
146,195
75,767
Movements in the year..
Deferred Income at 1 Aprll 2023
Released from prevlous periods
Resources deferred in the year
75,767
175,767)
146,195
10,000
110,000)
75,767
Deferred Income at 31 March 2024
146,195
75.767
Deferred Income primarily relates to grants recelved towards WOTk to be carrted out in future perfods. This viill
be released in the period that the work felales to.
18 Retlrement beneflt •chemes
2024
2023
Deflned Contrlbutlon schemes
Charge to profit or loss In respect of defined contribution sthemes
14,873
14,925
Ttte charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund.
18-

JUNCTION COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
17 Restrlcted fund8
The restrfcled funds of the charity comprise the unexpended balances of donatlons and grants held on trust
subject to specific conditions by donors as lo how they may be used.
At 1 April
2023
Incomlng
resourc68
Resource8
expended
Transfer8 At 31 March
2024
Spear
Foodbank
164,647
677.735
{167,725)
{814,4561
3,078
312,991
176,270
312,991
842,382
(982,1811
3,078
176,270
Pr•vlou8 year:
Al 1 Aprll
2022
Incomlng
resOU￿e8
Ra8ource•
•xpended
Transfers At 31 March
2023
Spear
Foodbank
429
248,971
181,678
777,468
(171,739)
<713,4461
9,632
312,991
249,400
939,144
885,185
9,632
312.991
éar
Spear funds are held for the use Df the "Spear" tralning course, focused on aiding young people to gain key
skills to aid employment and life chances. The deficit at 31 March 2024 has been met by a transfer from
unrestrfcted funds.
F dbank
The Foodbank fund 16 aimed at providing emergency food and support to people in crlsls,
18 Unrestrlcted fund6
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as lo how they may be used. These Include
designated funds whlch have been set aside out of unrestrlcted funds by the trustees for specific purposes.
Incomlng
resources
Resources
expended
Transfers At 31 March
2024
2023
General funds
197,680
42,822
(7.516)
13,0781
229,908
Prevlous yèar:
At 1 Aprll
2022
Incomlng
resources
Resources
expended
Transfers At 31 March
2023
General funds
173,875
41,748
(8,311)
{9,632)
197.680
19-

JUNCTION COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
19 Analysis of nèt assets between fund8
Unrestrlcted
funds
2024
Restrlcted
funds
2024
Total
2024
At 31 March 2024:
Current 8ssetsllliabllitles)
229,908
176,270
406,178
229,908
178,270
406,178
Unre•trlcted
funds
2023
Re8trl¢ted
fund8
2023
Total
2023
At 31 March 2023:
Current assetsl{liabilities)
197,680
312,991
510,671
197,680
312,991
510,671
20 Oparatlng lease comrnltments
Les8ee
At the reporting end date the charity had outstanding commitments for future mlnlmum lease payments under
non-cancellable operating leases, whlch fall due as follows..
2024
2023
Imthln one year
Be￿een hvo and five years
7,628
6,354
7,826
13,980
13,980
21,606
21 Related party transactlons
There were no disclosable related party transaction5 during the year (2023 - none).
20-

JUNCTION COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
22 Cash generated from operatlon8
2024
2023
{Defjcitllsurplus for the year
(104,493)
87,396
Adjustments for:
Investment income recognised in statement of financial actlvlile8
(1,29n
(375)
Movements In working capital:
(Increase)Idecrease In Invantorfes
(Increase) in trade and other receivables
Increase in trade and other payables
Increase In deferred Income
{1.664)
15,333)
39.114
70.428
14.949
(43,331)
73,472
65,767
Cash (absorbed byllgen•rated from operallon*
(3,245)
197,878
23 Analy81¥ of change8 In net funds
The charlty had no material debt durlng the year.
21