Charlty registratlon number 1149780 (England and Wales) Company registratlon number 08032776 JUNCTION COMMUNITY TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Caladine Charlered Certified Accountants
JUNCTION COMMUNITY TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Rev'd Matyn Layzell Mr Rajiv Jayaralnam Mr Christopher Payne Mr Jonathan Walker MrA Sleator Ms M Martln MsAudrey Kona Mrs Patricia Thomas-M8yhew (Appolnted 2 September 2024) (Appointed 15 September 2025) (Appointed 10 November 2025) Charlty number (England and Wales) 1149780 Company numbar 08032776 Prlnclpal address clo St Mark'8 Church Battersea Rise London SW111EJ Reglstered offlce cjo St Mark's Church Battersea Rise London SW111EJ Independont oxamlner John Caladlne FCCA CTA FCIE Caladlne Llmtted Chantry House 22 Upperton Road Eastbourne East Sussex BN211BF Bankers National Westminster Bank 66-68 st John's Road Battersea London SW19QR
JUNCTION COMMUNITYTRUST CONTENTS Page Trustees, report Statement of trustees. responslbilities Independent examlnets report Statement of financial sdlvltles statement of financial posltion statement of cash flows Notes to the financlal statemants 10-21
JUNCTION COMMUNITY TRUST TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT> FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out In note 1 to the financlal statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). Objectlves and actlvlties JCT is a charity s8t up by, and linked to, St Mark's Battersea Rlse. It is a positive expression of St Mark's Church demonstrating God's love in practical ways. JCT serves people and works wlth organisations of 8ny belief to brlng about transfomatlon in the community. We belleve that everyone has the right to food on thelr plate, dignity in Society, the chance ta dev61op their skills and find work that pays faijly, and hope for the future. and we advocate for these to become reality. JCT trustees are Tnotivated by the hope of the message of Jesus Christ and the deslre to turn faith Into practical action, by Ilving out God's love for people who are in need and marginalised. Based on Jesus, teaching on povety and injustice, they believe in the Christian values of compassion, justice, honesty, integrity, and care for all people. The objectives of the Trust, as set out in Its Articles of Associatlon, are: The relief of persons who are in conditions of need, hardship or dlstress as a result of poverty, soclal isolation, addiction, sickness or other social or economlc circumstances, In particular any such persons in the community local to St Mark's and the Borough of Wandsworth. and The promotlon and support of such other exclusively charitable purposes and institutions as may from time to time be determined by the Trustees. The trustees consider the work of JCT to b8 in accordance with Charity Commission guidance on public benefrt through the impact of its two principal activities, specifically.. Supportlng local young people through the Spear programme. and Helping local people in crisls and facing significant deprivation through the Foodbank. Each is revlewed In turn. Achlevements and performance Spear Clapham Junctlon From 1 April 2024 to 31 March 2025, JCT successfully contlnued its Spear programmes in cooper8tlon with Resurgo Trust. These are personal and professional development programmes providing young people aged 16-24 and not in education, employment or training ("NEET") with the work and life skills they need. Each programme start5 With a 6-week foundation phase, which consists of group sesslons and one-to-ones on beccming more work- ready through-. discussions and coaching on mindsets; presentations,. self-esteem and self-motivation,. guidance on the completion of job application forms and cover letters; training in interview skills (including participation in mock interviews), as well as wellbeing. Following the foundation phase, further support in gaining and relaining emDlovmpnt c,nntiniip.* fnr 1? mnnth.q Thg nrnnrammpR fr•0 fnr nurtipingnto Paei Irnn these programmes for eighteen years., JCT started running them in 2012. To achieve its objective, JCT sought to: maintain a strong relationship with its partner Resurgo. raise adequate funding., retain suitably qualified and trained staff. publicise the work of JCT and the Spear programmes in order to encourage attendance,. and maintain a strong volunteer base and continuing financial support.
JUNCTION COMMUNITY TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 JCT has typically employed three pemianent members of staff to coach the foundation programme and support the young people for 12 months after the foundation phase. They receive regular training from Resurgo. The relationship with Resurgo is further strengthened through regular fomial and informal meetings between individual JCT trustees and Resurgo. Wandsworth Foodbank From 1 April 2024 to 31 March 2025, JCT successfully continued to run the Wandsworth Foodbank It launched in 2013. This aims to provide emergency food and support to local people in financlal hardship. Each food box contains a minimum of three days, nutritionally balanced, non-perishable 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 objective, JCT maintained a strong relationshlp with Its partner Trussell Trust= to raise adequate fundlng,. retaln suitably qualified and trained staff., publlcise the food bank; and build a strong volunteer base and continuing financial support. Trussell Trust and Cltizens Advlce have created a free natlonal helpline, where people can speak to a Citizens Advice Advlsor and be referred to a local food b8nk across the UK, includSng to Wandsworth Foodbank. Flnanclal revlew JCT'S overall income in the year ended 31 March 2025 was £981,622, compared to £885.204 forth8 year ended 31 March 2024. Income r8ceived in relation to Foodbank in 2025 was £830.714 (2024: £677,735). Income received in relatlon to Spear in 2025 was £116,178 (2024: £164,647). Expenditure for the year ended 31 March 2025 was £975,851, compared to £989,697 for the year ended 31 March 2024. Expenditure in relatlon to Foodbank was £849,352 (2024: £814,458). Expenditure in relation to Spear was £112,254 <2024., £167.725). Res81V8s poIIcy Reserves JCT engages in several distinct charitable actlvitles. Contributions to JCT are typically directed to one of these activities, and since their use Is restricted they are not reserves. Much of JCTS income to support these activities comes from one-off grants and large fundraising events, rather than regular donations. It is therefore Irregular in tlming and slze. For this reason, it aims to have assets that, together with future regular contributions and other commltted sums, would be sufficient to cover at least the next 6 months of each of Its activitles. JCT makes use of St MarS Church premlses. It therefore has a Ilmited exposure to the costs of repair and upkeep of its facilities. In the year ended 31 March 2025, these costs totalled £47,000 (2024: £41,000). JCT expects that any new charltable initiative would be funded through addltlonal fundraising activlty. St therefore does not hold reserves to cover the costs of such expanslon. Given these facts, and the polity of pr&fundlng specific activities it sees limited need for substantlal 8dditlonal reserves. Nevertheless, to meet contingencles such as minor repair costs throughout the year or a de18y in the recelpt of a promised source of Income, it aims to hold a sum equivalent to at least one month of its total regular outgoings as a general reserve. Assets not immediately requlred would normally be held on deposit. As at 31 March 2025, JCT held restriGted funds sufflcient to cover less than one month of regular outgoings for Spear, and less than five months of regular outgoings for Foodbank,. it held unrestricted funds sufficient to cover five months of total regular outgoings. These figures ignore frjture income. It plans to continue fund raising. Total unrestricted reserves at the end of the year were £250,393. MaJorrisks The Trustees have assessed the major r6sks to which the charity is exposed, and are satisfied that Systems are in pla to mitigate exposure to the major risks.
JUNCTION COMMUNITY TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structure, governance and management JCT is constituted underArtlcles ofAssociation as a Company Limited by Guarantee and not having a share capital. The Trustees, who are also the directors for the purpose of company law. and who served during the year and up to the date of signature of the financlal statements were.. Rev'd Martyn Layzell Mr Rajiv Jayaratnam Mr Padmesh Vishani Ms Sarah Williams Mr Chrfstopher Payne Mr Jonathan Walker Mr Daniel Free MSA Meeson Ms R Coverdale MrA Sleator Ms M Martin Ms Carmen Llncolne (Reslgned 3 June 2024) (Resigned 2 September 2024) (Reslgned 9 June 2025) (Resigned 14 July 2025) (Resigned 9 March 2025) (Appointed 2 September 2D24) (Appointed 2 September 2024 and resigned 15 September 2025) (Appointed 15 September 2025) (Appointed 10 November 2025) Ms Audrey Kona Mrs Patricia Thomas-mayhew Recmltment and 8ppolntment of tnJst88s Any person who is willing to act as a trustee, and who would not be dlsqualified from acting, may be appolnted to be trustee by a decision of the trustees. The Vicar of St Mark's Church is an ex officio trustee and Chair of JCT. Mr Christopher Payne is the co-chair of JCT. The PCC of St Mark's also has the rlght to appoint up to 0 members of the PCC to the posltlon of trustee. There are no specific policies or procedures relating to the Inductlon and tralnlng of truste8s. However, In practi, tnjstees wlth relevant knowledge or experienc8 are appointed. Any declsion of the trustees must be either by decision of a majority of the trustees present and votlng at a quorat8 trustees, meeting, or when the majority of truslees have indicated to all the trustees by any means (includlng emall) that they share a common view on a matter. Full trustee meetings typlcally occur every two months. Day-to-day decislon making relating to JCT'S specific charitable activities is delegated to JCT staff appointed to oversee these activities. The organisation of fundraising events is typically delegated to an events commlttee consisting of selected trustees and other indlviduals with relevant experience. The trustees have reviewed the major risks to which the charlty Is exposed and systems or procedures have been established to manage those risks. In particular, the charity has documented procedures with regards to finance, working with children and vulnerable adults. health anrl safphi gnd rtthK•r m*Har JCT looks to learn from and work In partnershlp with other organisatlons with experience relevant ta its charitable 8Ctivities. In particular, since 2012, it has worked closely with Resurgo Trust. Resurgo Trust is a charity founded through St. Paul's Church in Hammersmlth in 2004. Resurgo aims to stlmulate significant social transformalion in local communities by helping people facing serious social disadvantage to transform their situation. In particular, among its activities, It 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 2025 Simllarly, since 2013 JCT has worked dosely with the Trussell Trust. The Trussell Trust's mission is to develop, run, and enable communities to replicate sustainable projeds that combat poverty and exclusion, and to share their eXperienS In order to raise awareness of the Issues. In 2004, Trussell Ttust launched the UK Foodbank Network to teach churches and communities nationwide how to start their own foodbank Trussell Trust has provided extenslve gUIdan and support to JCT as it launched its Foodbank. None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to corrtribute £1 In the event of a wnding up. The trustees, report was approved by the Board of Trustees. Rev'd Martyn Layzell Trustse 11.IL.IC
JUNCTION COMMUNITY TRUST STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees, who ar8 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 with applicable law and Un(ted Kingdom Accounting Standards (United Kingdom GenerallyAccepted Accounting Practice). Company law requlre8 the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incomlng resources and appllcation of resources, including the Income and expenditura, of the charitsble company for that year. In preparing these financial statement8, the Trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charlties SORP., make judgements and estimates that are reasonable and prudent., state whether applicable UK Accountlng Stsndards have been followed, subject to any material departures dlsclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless It is inapproprlat8 to presume that the charity will continue In operation. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the flnancial position of the charity 8nd enable them to ensure that the financial statements comply with the Companies Act 2006. They are also re8ponsible for safeguarding the asset8 of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
JUNCTION COMMUNITY TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JUNCTION COMMUNITY TRUST I report to the Trustees on my examination of the financial stateTnents of Junction Community Trust (the charity) for the year ended 31 March 2025. Responslbllltles and basls of report As the Trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the CompanlesAct 2006. Having satlsfied myself that the financial statements of the charity are not required to be audited under Part 18 of the Companies Act 2006 and are eliglble for independent examination, I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carrylng out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) ofthe CharitiesAct 2011. Independent examlner's statement Slnce the charity's gr088 income exceeded £250,000, the independent examiner must be a member of a body Ilsted in section 145 of the Charities Act 2011. 1 confimi that l am qualified to undertake the examination because l am a member of the Association of Chartered Certifiad Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention In connection wtth the examlnatlon givlng me cause to belleve that In any material respect.. accounting records were not kept in respect of the charity as required by section 386 of the Companles Act 2006. the financlal statement8 do not accord with those records,. or the financial statements do not comply with the accounting requirements of sectlon 396 of the Companies Act 2006 other than any requirement th8t the financial statements give a true and fair view, which is not a matter considered as part of an Independent examination; or the financlal statements have not been prepared In accordance with the methods and principles of the statement of Recommended Practice for accounting and reportlng by charities applicable to charities preparing their financial statement8 In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connectlon wtth the examination to which attentlon should be drawn in thls report in order to enable a proper understsnding of the financlal statements to be reached. •Q,LL John Caladlne FCCA CTA FCIE Caladine Limited Chantry House 22 Upperton Road Eastbourne East Sussex BN211 BF
JUNCTION COMMUNITY TRUST STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrfcted Restrlcted funds funds 2025 2026 Total Unrestrlcted Restrlcted funds funds 2024 2024 Total 2025 2024 Notes Income from: Donations and legacles Charitable 8Ctivities Investments 33,251 578,600 368,292 611,851 368,292 1,479 41,625 534.801 307.581 576,326 307,581 1,297 1,479 1,297 Total Income 34,730 946,892 981,622 42,822 842,382 885,204 Expendlture on: Ralsing funds Charitable activities 247 961,359 247 975,604 550 981,631 550 989,147 14,245 7,516 Total expendlture 14,245 961,606 975,851 7,516 982,181 989,697 Net Incomel(axpendlture) 20,485 (14,714) 5,771 35,308 (139,799) (104,493) Transfers beeen funds 17 (3.078) 3,078 Net movement In funds 20,485 (14,714) 5,771 32,228 (136,721) (104,493) Reconclllatlon of funds: Fund ba18nces at 1 Aprll 2024 229,908 176,270 406,178 197,680 312,991 510,871 Fund balances at 31 March 2025 250.393 181,556 411,949 229,908 176,270 406,178 The statement of financial activities includes all gains and losses recognlsed in the year. All income and expendrf(ure derive from continuing activities.
JUNCTION COMMUNITY TRUST STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025 2025 2024 Notes Current assets Inventories Trade and other recelvables Cash at bank and in hand 12 13 11,390 67,770 471,666 13,179 54,026 603,552 550,826 (138,877) 670.757 (264,579) Current liabllitles 14 Net current assets 411,949 406,178 Net ass8ts excludlng penslon Ilablllty 411,949 406,178 Tho funds of the charlty Restrlcted Income funds Unrestricted funds 17 161,558 250,393 176,270 229,908 411,949 408,178 The company is entitled to the exemptlon from the audit requirement contained In section 477 of the CompaniesAct 2006, for the year ended 31 March 2025. The directors acknowledge thelr responsibilities for complying with the requirements of the Companies Act 2006 th respect to accounting records and the preparatlon of financial statements. The member8 have not requlred the company to obtain an audit of It8 financi81 steternents for the year in questlon in accordance with section 476. These financial statements have been prepared in accordance th the provlslons appllcable to companles subject to the small companies regime. The financial statements were approved by the Trustees on ... Revd Matyn Layzell Trustee Company registratlon nuTnber 08032776 (England and Wales)
JUNCTION COMMUNITY TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating actlvitles Cash absorbed by operations 22 (133,365) (3,245) Investing actlvltles Investment income received 1,479 1,297 Net cash generated from Investlng actfvltles 1,479 1,297 Not decrease In cash and cash equlvalents (131,8e6) (1,948) Cash and cash equivalents at beginnlng of year 803.552 605,500 Cash and cash equlvalents at end of year 471,668 803,552
JUNCTION COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policlos Company Inforniation 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, SW111 EJ. 1.1 Basls of preparation The financial statements have been prepared in accordance with the charivs Memorandum and Artlcles of Association, the Companies Act 2006, FRS 102 Yhe Financial Reporting Stsndard applicable in the UK and Republlc of Ireland. ("FRS 102") and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effectlve 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared In sterllng, which is the functlonal currency of the Charity. Monetary amounts in these financlal statements are rounded to the nearest £. The financial statements have been prepared under the hlstorical Cost conventlon. The prlnclpal accountlng polldes adopted are set OLrt below. 1.2 Golng concern At the time of approving the financlal staternents, the Trustees have a reasonable expectation that the charity has adequate reSoUrS to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounts-ng in preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretlon of the Trustees in furtherance of their charitable objectives. Restrlcted funds 8re subJect to speclfic condltlons by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the finanG181 statements. 1A Income Income Is recognlged when the charity Is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be recelved. For donations to be recognised the charity will have been notified of the amounts and the settlement date In writlng. If there are conditlons attached to the donation and this requires a level of performan before entitlement can be obtained then Income is deferred iintil those conditions are fully met or the fulfilment of those conditions is within the control of the charity and It is probable that they will be fulfilled. Donated facllitles and donated profession81 services are recognised in income at their fair value when their economic benefit Is probable, It can be measured reliably and the charity has control over the item. Falr value Is determined on the basis of the value of the gift to the charity. For example the amount the charity would be willing to pay in the open market for such facllities and services. A corresponding amount is recognised in expenditure. Where practicable, gifts in klnd donated for distribution to the beneficiaries of the charity are included in stock and donations in the financial statements upon receipt. Donated food for the Foodbank has been measured at £2.771kg since 1 October 2024 (1 April 2023 30 September 2024: £2.371kg), as recommended by The Trussell Trust. If it is impracticable to assess the fair value at receipt or if the costs to undertake such a valuation outweigh any benefits, then the fair value Is recogni5ed as a component of donations when it is distributed and an equivalent amount recognised as charitable expendlture. 10-
JUNCTION COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policies (Continued) Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Income from trading activities indudes Income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for suppEying goods and services in order to raise funds and is recognised when entitlement has occurred. Interest income is recognised using the effective interest method and divldend and rent Income Is recognised as the charity's right to recetve payment is estsblished. 1.5 Expendlture All expenditure Is accounted for on an accwals basls and has been classlfled under headlngs that aggregate 811 costs related to Ihe category. Expendlture is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings.. Costs of ralsing funds Includes all costs in relatlon to generatlng voluntary income, fundraising events and fundraising trading- Expenditure on charitable activities includes costs in re18tion to the Spear Courses. and Food Bank Activitles. Irrecoverable VAT is charged as an expense 8gainst the actlvity for whlch expenditure arose. Staff costs are allocated between cost headings accordlng to the functlon of each employee. Support costs are those th8t assist the work of the charity but do not directly represent charitable activities and Indude govemance costs, administrative office functlon costs, HR and recruitment, and premises costs. They are incurred directly in support of expenditure on the objects of the charitsble company. Govemance costs comprlse all costs Involving the public accountability of the Trust and its compllance With regulation and good practlce. These costs include costs related to the Indep8ndent examination, statutory audit and legal fees. Support and Govemance costs have been allocated across the charttable activitles based on an analysis of the time spent on each proJe¢t. 1.6 Inventories The Balance sheet contalns the estimated value of food that can be donated and used in the Junction Community Trust Foodbank. The estlmated cost of food is calculated by welght at an average retail cost of £2.77 per kilogram (2024: £2.37 per kilograrn). 1.7 Cash and cash equlvalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 11
JUNCTION COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcles (Continued) 1.8 Flnancial Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, of FRS 102 to all of its financial Instruments. Financial instwments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilitles are offset, with the net amounts presented In the financlal 8tatements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liablllty simultaneously. Basic financlal assets Basic financial assets, which Include trade and other receivables and cash and bank balances. are Initially measured at transactlon pri including transaction costs and are subsequently carried at amortised cost uslng the effective interest method unless the arrangement constitutes a financing transaction, where the transaGtlon is measured at the present value of the future r&iptS discounted at a market rate of interest. Flnancial assets classified as receivable within one year are not amortised. Baslc flnanclal Ilabllities Basic financial Ilabilities. including trade and other payables and bank loans are initially recognlsed at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilitles classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, U51ng the effectlve interest rate method. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operatlons from suppliers. Amounts payable are classified as current112billties if payment is due within one year or less. If not, they are presented as non-curreiit liabilities. Trade payables 8re recognised Inltially at transactlon price and subsequenlly measured 8t amortised cost using the effective interest method. Derècognltlon of flnanclal liabllltles Financial liabilitles are derecognised when the charity's contractual obligatlons expire or are discharged or cancelled. 1.9 Taxatlon The charitable company is considered to pass the tests set out In Paragraph 1 Schedule 6 Finance Act 2010 and therefore St meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charlty Is potentially exempt from taxation in respect of income or capltal gains received within categories covered by Chapter 3 Part If Corporatlon 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 holiday entit]ement is recognlsed in the period in which the employee's services are received. Termination benefits are recogni5ed immediately as an expense when the charity Is demonstrably committed to terminate the employment ot an employee or to provide temiination beneffts. 1.11 Retirement beneflts Payments to defined contribution retirement benefit schemes 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 2025 Critical accounting estimates and judgements In the application of the charity's accounting 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 factor8 that are considered to be relevant. Actual results may differ from these estimates. The estimates and underfying assumptions are reviewed on an ongoing basis. Revislons to accounting estimates are recognised In the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revlsion affects both Current and future periods. Incom8 from donatlong and legacles Unrestrlctad Restrlcted funds funds 2025 2025 Total Unrestrlcted Restrlcted funds funds 2024 2024 Total 2025 2024 Donations and glfts Grants 33,251 256,395 322.205 289,646 322,205 41,525 346,211 188,590 387,736 188,590 33,251 578,600 811,851 41,525 534,801 576,328 Donatlons and glfts Donations Gift ald recovered Donated services (Management Consultancy) 31.725 1,526 227,983 28,412 259,708 29,938 38,141 5,384 254,805 36,406 290,946 41,790 55,000 55.000 33,251 256,395 289,646 41,525 346,211 387,736 Income from charltable activltles Restrlcted funds 2026 Restrlcted funds 2024 Spear Other income 62,362 40.152 Foodbank Donation of goods 305,930 267,429 368,292 307,581 13-
JUNCTION COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from investments Unrestrlcted Unrestricted funds funds 2025 2024 Interest recetvable 1,479 1,297 Rai81ng funds Restrlcted Restrlcted funds funds 2025 2024 Fundralsln and ubllcl Costs of generating voluntary income 247 550 14-
JUNCTION COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charltable activitles Spear Foodbank Total Spear Foodbank Total 2026 2025 2025 2024 2024 2024 Direct costs Staff costs Supermarket vouchers Food distributed Childcare voucher admin fees Citizen'5 Advice contribution5 PCC contributions storage Publlcity Mlscellaneous costs Consultancy and training 91,074 319,764 16,012 345,468 410,838 16,012 345,468 92,617 274,288 19,073 277,751 366,885 19,073 277,751 3,046 3,048 3,072 3,072 73,083 34,540 8,120 1.353 2,309 21,587 73,083 48,054 8,120 1,353 6,068 21,587 151,204 31,135 13,279 889 1,608 14,475 151,204 41,513 13,279 889 4,568 89,875 11,514 10,378 3,759 2,958 55,400 106,347 825.282 931,629 161,353 786,754 948,107 Share of support and gov8rnance costs {s8e note 8) Support 9,679 28,089 Governance 3,103 3,104 37,768 8,207 6.6q8 3,024 28,374 3,024 34,992 6,048 119,129 856,475 975,604 170,995 818.152 989,147 Analysls by fund Unrestricted funds Restricted funds 7,122 112,007 7,123 849,352 14,245 961,359 3,758 167,237 3.758 814,394 7.518 981,631 119,129 856,475 975,604 170,995 818,152 989,147 15-
JUNCTION COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocated to actIvIO8 2025 2024 Sundry Office expenses Telephone and IT Postage and ststionery Travel and subsistence Insurance Admin costs Client and stock transport costs Govemance costs 2,583 932 5.808 179 2.040 6,559 9,394 10,273 6,207 1.271 1,067 7,684 325 2,870 2,660 7,110 12,008 6,047 43,975 41,040 Anal sed b&een.. Spear Foodbank 12,782 31,193 9,842 31,398 43,975 41,040 2025 2024 Governance costs comprlse: Independent examination fees Legal and professlonal Accountancy fee8 960 3,567 1,690 910 3,527 1,610 8,207 6,047 Trustees None of the Trustees (or any persons connected with them) received any remuneration or benefits from the ch8rity during the year. The Trust received aggregate donations from Trustees 8nd related parties of £nil (2024: £2.150) during the year. 10 Employ88S The average monthly number of employees during the year was: 2025 Number 2024 Number 13 10 16-
JUNCTION COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Employees {Contlnued) Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs 365,848 26,552 18,438 329,031 22,981 14,873 410,838 366,885 There were no employees wh088 annual remuneratlon was more than £60,000. Rernuneratlon of key management personnel The remuneration of key man8gem8nt personnel wa8 a8 follows: 2026 2024 Aggregate compensation 87,285 73,400 11 Taxatlon The charity18 exempt from taxatlon on its activities because all Its Income Is applied for charltable purposes. 12 Inventorles 2026 2024 Food stocks for dlstrlbutlon 11,390 13,179 13 Trade and 0th6r re¢elvables 2025 2024 Amounts falllng due wlthln one year.. Other receivables Prepayments and accrued Income 8,097 59.673 2,066 51,980 17-
JUNCTION COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Current liabllltles 2025 2024 Notes Deferred income Trade payables other payables Accruals 16 80,077 56,160 146.195 111,901 3,963 2,520 2,840 138,877 284,579 16 Deferred In¢om6 2025 2024 Other deferred Income 80,077 146,195 Deferred Income Is Included in the financial statements as follows: 2026 2024 Deferred income Is Included wthln.. Current liabllitles 80,077 146.195 Movements in the year. Deferred income at 1 April 2024 Released from previous periods Resources deferred in the year 148,195 (146,195) 80,077 75,767 (75.767) 146,195 Deferred income at 31 March 2025 80,077 146,195 Deferred Income primarfly relates to grants recelved towards work to be Carrled out in future porlods. Th18 will be released In the period that the work relates to. 16 Retlrement benefit schemes 2025 2024 Deflned contrlbutlon schemes Charg8 to profit or loss in respect of defined contribution schemes 18,438 14.873 The charity operates a defined contrlbution 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 2025 17 Restricted funds The restricted funds of the charity comprlse the unexpended balances of donatlons and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 April 2024 Incoming resources ResourGes expended Transf&r8 At 31 March 2025 Spear Foodbank 116,178 830,714 (112,254) (849,352) 3.924 157,632 176,270 178,270 946,892 (961,606) 161.556 Pr8vlous year: At 1 April 2023 Incomlng resources Resources expended Transfers At 31 March 2024 Spear Foodbank 184,647 677.735 (167,725) {814,456) 3,078 312,991 176,270 312,991 842,382 (982,181) 3,078 176,270 ear Spear funds are held for the use of the "Spear" training course, focused on aiding young people to gain key skills to ald employment and life chances. The deficit at 31 March 2024 was met by a transfer from unrestricted funds. Foodbank The Foodbank fund is aimed at provldlng emergency food and support to people In crisis. 18 Unrestrlcted funds 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 to how they may be used. These InGlude deslgnated fvnds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 Aprll 2024 Incoming resources Resources expended Transfers At 31 March 2025 General funds 229,908 34,730 (14,245} 250,393 Prevlous year: At 1 April 2023 Incoming resources R680urces exp8nded Transfers At 31 March 2024 General funds 197,680 42,822 (7,516) (3,078) 229.908 19-
JUNCTION COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Analysls of net assets b8tween funds Unrestrlcted funds 2025 Restrlcted funds 2025 Total 2025 At 31 March 2025: Current assetsl(liabilitles) 250,393 161,558 411,949 250,393 161,558 411,949 Unrestrlct8d funds 2024 Rostrlcted funds 2024 Total 2024 At 31 March 2024: Current assetsl(liabillties) 229,908 176,270 406,178 229,908 176,270 406,178 20 Operatlng lease commltments Lessee At the reporting end date the ch8rity had outstanding commitments for future mlnimum lease payments under non-cancellable operating leases. whlch fall dua as follows.. 2025 2024 Within ono year Between two and fiv8 years 6,354 7,828 6,354 6,354 13.980 21 Related party transactlons There were no disclosable related party transactions during the year (2024 - none). -20-
JUNCTION COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Cash absorbed by operatlons 2025 2024 Surplusl(deficit) for the year 6,771 (104,493) AdJustments for: Investment income recognised in statement of financi81 activities (1,479) (1,297) Mov8ments in worklng capltal: Decreasel(increase) In inventories (Increase) In trade and other recelvables (Decrea8e)Ilncrease in trade and other payables (Decrease)Ilncrease In deferred income 1,789 (13.744) (59.584) (68,118) (1,664) (5,333) 39,114 70,428 Cash absorbed by oporatlons {133,385) (3,245) 23 Analy51s of changes In net funds The charfty h8d no materi81 debt during the year. 21