cnpanY registrati[ number. 8139367 Charity registration number: 1149813 SC047781 The Junction 42 Foundation (A company limited by guarantee) Trustees. Annual Report and Accounts Year Ended 31st March 2025 JUNC+ION°'
The Junction 42 Foundation Year Ended 31st March 2025 Contents Page Page Legal and Administrative Informakn'on Trustees, Annual Report {Incorpcwating t Directors, Report) Indepdent Auditors Report 10 Statement of Financial Activities 13 staternenl of Financial Positn 14 Staternent of Cash Flows 15 Notes to Financial Statements 16
The Junction 42 Foundation Year Ended 31 st March 2025 Legal and Administrative Information Roforonco Thg Juncbon 42 Foundaknon is a tharilable company. fomied kn 2012 to prOe help to Peop vtho have Criminal convicbons ttx)5e consKlereO al nsk of oftending against Ihe taw. 11 Is a company Ilmlled by gtsarantee and Is also a ffo9iStefed charity Im Enkland & Walgs. and in ScrtlarKIJ. Rogl$t•r•d Charity Numb• 1149813 SC047781 Enylènd ond Wales Swlland Rg9iSter8d Company Numbor 8139367 R•glsl•r•d Offic• Brunsw Place Newcasue upon Tyno NE1 IBJ Wabslte YW.lUroft42.J Tw8t••8 Francis Wht Dr Paul Cassidy Mrs Atson Ei*wards Mr P4lark Simps Mrs Elizabeth kthlef Mr Ryan Longmuir Mr Siuart Mains Mrs Jenniler Chan Resigned Jonuory 2025 Resigned IAOY 2024 Appthnted Apfll 2025 Chig1 ExecutiwJ Officor Joanne Primary Bankof8 HSBC Bank BamlxKgh House Fonjm Way C¥amlingl NE23 r)QE Indep•nd•nt Auditor Ferowc<KI House Femwc¥)d Road Jesmond Newcaslle UP Tyno NE2 1TJ
The Junction 42 Foundation
Year Ended 31st March 2025
Trustees. Annual Roport Ilncorporating the Directors, Report)
The trustees wesent theIrre[ and the st8men15 lor the year ended 31 2025. Thvse
ar¥ propar¥d in acctxdance wtih the wvefning document, Ihe rgcommendatlODS ol the Statement ol
Recommended Practrc8, app1Cab to chantie8 preparing Iheir acCnIS In accordance with the
Financial Rgportmg Stalad applKatAe in Iho UK aThJ RepUbC of Irel (FRS102) and the small
companies. regime of thè C¢xmparMes Act 2(Kfj.
Reference and admlnl8tratlva detalls
The Juncik)n 42 Fwndation is o ¢hafilaDle company, fOned kn 2012 to Pfovide help lo pooplo who
have cnminal convickns or those con&¢Jere(J al risk of offenth'ng ainst the law.11 is a con)pany limited
by guarantee awKI is also a registered chanty {in England & Wales.. and m Scodand).
The Iruslees. WI are also direclLYS fw purposes of cvanY law. who seNed during the year aTra
up lo the dale ofr Ihis retxwl are sel out on page 1.
Structure, governanco and managernent
a company limited by guarantee, Ihere no shwe cawt31. Every mgmbgf ol the company undertake$
to o)nlrilwte to ihe assets ot the cornpany in the evenl of it bÈiry) wound up ¥thilsl being a member or
thSn one year ul ce<isÉng lo be u member, such amount not lo exceed £10. The relgv
The Junction 42 Foundation Year Ended 31st March 2025 Trustees, Annual Report (Incorporatlng the Dlrectors, Reportl Public beneflt The tru5teps aTe satisfie¢J Ihat thgy havg 19(1 Ibe duty Section 17(51 of the Chariti8s Act 2011 lo have due iegard lo Publ benefil guidance pubh.shèd by thè Charity Commission. When F4arining the charity s aclivilies. Ihe trusEe8S consrfjored tho Charity CommtssDn GuIdCe public benefiL The trustees also consKlered how Ihe charty had succeeded in de&vering rts alms. ciudSng any Publ benefrt, when revie¥4qng Iho achie¥omBnts lor the year sol out bolow. Achievements and perforniance Junctkni 42 exlsts to see the Nves of Offend and thelr conYMtties v8bly transformed throu9h', Creative and engagement, Faith support Thr() the gale mentorry and Our vaks aro: Journer¥j wilh InspiratKJnal ReiaDonal Mlssional Creatlng OFVOrtunities This is J¥JKt%in 42,$ 1 year ol operatth Introductlon ale woud trj say that despite Chalkne3 and voWity kn c(¥actng arrang8rrnls, Junction 42 has been able to remaln a front-line serwce. offering help and Stspp lo those with convicliong. Our work has conlinued m cu$tody In con¥nunity, 4>Jr Inyiwi work 50ein9 gruwlh and d8velopmanl. Creatlve Educatlon and Engagement Junction 42 continued to deliver specialtst ueative ereml servus in HMP Northumberland and HUP Low Newton. These services wKlude using creativity and lived experie6 inspiration lo encourage engagement with regime on community suppyt on retease. This work include8 en9dgin9 4th the prisoners not In work or education using an in-coll uoafNe currlculum resourcos d¢>slgned by Juncb"on 42 to Increase engagement in fegima. Junction 42 ha¥e iolled these In cell resources 4 otl)er prisons. where il doesn'l have directly employed ¥taff. Pdson staff aro given Mobi•tn tranir¥J the Trc8N resouices nefjd8d. Koestler Awards 2024 Mèn and women on our Crealive arts cotffses in HMP Norlhumbertand and HMP Low Newt(m won 37 awards al Ihe 2024 KttsUer Award$ for Arts in Criminal Jusbce. We were de1hted to soo Ihesr talents acknowledged WKI for them to receive such Kltr¥e feedback wth 2 ¢4atr'num awards for Low Newton The Koestfer Art3 North Easi exhibition kns¢d work fadlitated by Junclton 42. 'Aiteiidlng ttre privafe vlew ol Almosl Home. the Ko8Stler Arts exbrtIon ai Bathc. was a pmlDundly moving experience. Surroundod by Ihg crealivè exwÈssA)ns ol thosè ir. sècuré sèttiiws-poelry. Illustrab'on. sculpl+Jrl found mysell immersed in a Wld wheft art be¢omes ljolh an act of deh"an¢e d an offering of hopo. As I loft, I carned with me not only atniralion lor the artists bul al&0 a renowod Ihe iole of art a$ a IwGe for dnd human wnnechon . Exhibltion Atton¢loo
The Junction 42 Foundation Year Ended 31st March 2025 Trustees. Annual Report (Incorporatlng the Directors, Report) loarnt new skth lechn•ques watefcthIxMs and system to gnJwg6 Im8w. I enjoyed dn9 the pen and dtswings ol th8 Angel the Energy Boanl I have been asked to do which I was able to c¢yntinue wort(ing on in rny txll. Afy menlBI health confxl&ncè hav8 Mryprowed massivfrfy si8 doing art along wrfh ffly techn1¢81 skills." Pflsoner COURSI Win &T¥eek htyjis olin (en W$ PAUOM Au•thtWlS oifeedtotr Elsler Pxk% OFitstma% FOCIISSEIJ woIKsNopI fje4rn1r4 GIIOIVZIIG XMTO KOUTLER xot5t Awwds ahnum Awatrd
The Junction 42 Foundation Year Ended 31st March 2025 Trustees. Annual Report (Incorporating the Director5. Report) Faith National r850urces St ries of Ho acks- Chjr Storie5 of Hope pack5 provide ch4Jlains wilh hithty ongaging rosources ubliw tacts"le, kinae5thelic, and v¢sual teaming to 5UPPOrt prisorws exploTg farth in Ih91F prOn cell This yeai, we workcd wilh chaplaww learns in 131 prisons (92% 01 aw pnsons in ihe UK) to dislrlbute a pack to 23% ol Ihe prtson wpuiatson each quaf1. In 2024-25. Junclion 42 eal0d, pacJ(8d and dislributed ower 90000 Sioiw ol Hopg. "l am hwèfy grateful lo fft8 th ol Junct)n 42 and the parks they prowde to prtsoners Ihmughoul EnyJaThJ and Wglos Wheiever I Iravel J he8r Iw grateful tsxh pKlson&rs and ¢haplwns aro for Iho paGks and JJI Ihal they nIain. As & Chaplain it rs tr8mandousty helplul lo have thin9s lo hand 10 9iV8 lo prisoners. When YOU' gng lo see a pnsoner WI Is Struglg or isolalod, lo tako a pack wth yo Can make a huge dillerence. Often Ihg wsoners we wsiied spend a lai ol tlm& Jn their own. These itenis- ttjings lo do. thMKJS to rea(1, lliws which assure Ihgm Ihal someboty cares can be u roffl Sou• ol Ilglit èn Ihe dathness ol Impn$menI- James Rldge. Natlonal Prlstyn ChaplalncN HQ Vlhile In prison In Alay this year, I was in a despernle place aiid wrofe a suicide note. I nolKed a J42 pa¢k in my coll r88d Ihe leslimony. I got on my knees 8nd cded out to God lor forg'veness... I wenl c¥i Alpha and started gomg lo chapel in the pnson My lrfe has change(J 100%, I'm ¢urrentty Ilvin9 In a bail hoslel 8nd am VLilunfeerinu for 8 Chrtstlan wsa&on th81 works wllh Ixxneless Iwle. I k)ve Jesus and wanl lo do HIS work.- PnTsoner We are grateful lo Ih05e who havo partrd vhth us 2024.2025 on thls ryogramme. Partners Includrjd UCB. Prison Fdlowslii) El181)d. Prison Chaplaincy HQ, Word fof Word Bible ComiG, Prisons Wvek. ssoners Wgek Scolland. Hooe. J05h Abriams. Phik) Trust. RweI&tK Daze * The4Polnl5. nin nn Juncb'on 42 oversees Ihe Connect Nell"k. The Cviet1 Nets¥ofk trains ar supporls the local chwth to provKJe a space whore those from the marg$ can Ilourish in their faiih. Connecl cominui)ities c<>nlinuing thts year were in Newcaslje. Stockton. Ethnburgh. MKIdle5bC0U9h, Gateshead aTrJ Carlisle th Wofklwon due to start In Pky 25. "Ovor Ihe p8$1 low wopks. wetre seen remath&i4e prOg$S wllh empknyment-opproximatsly fve people have secured jobs and are aclively bwrking. kvhal spartfcularly enr.ouraging is thal hyo oflhese Indivldual.g had been unemployed long-lerm Recently. Iheytre been expiessing gene dewre to find work and ¢trle, and lnesS thejr Iransfofmation has been increthblB, 8oyond the swrilual rgnewal in IheK Ilves, wo're seelng lanble charS-s15 In Iheir physlc81 clrcumslances and, pefhaps most sunificanfty. in IheK nNndsel They're beg'nning lo believe ¢heyro capable DI more It's b&8n ggnulnety encowagng to Watch Ihese l#VS transfm-. Usa, Conn•¢l L•ad•¥ We partnered with The Message Trust io run the Rebld cfere for all our failh c(xnmunill95 10 come togelher wth over 190 attendwvJ.
The Junction 42 Foundatlon Year Ended 31st March 2025 Trustees. Annual Report (Incofporating the Dlrectors, Report) In rson falth dellv• Faith su Our support continued In deleTIng alongside the prison cbathi)cy learns In HMP Nbed8nd. HMP Hone H(xtse. HMP Low N£vton and HMP EdinbuT9h. Dekn"vering whole prison inikn'atsves and weekly group Wofk. sUptIrv wsoners lo grow In thwr taith and wnnect4b3 thwn In wlh 8 local chur¢hl COM8cI communitie5 upon release. We laun¢hed our Connect &rKlay seres bringing memb¢rs of our C¢)nnect Communitses to dell¥er SLfftday See$ in HMP Nrythumbetsnd. Ill-clu 11 House aking5 . hou pf In<oll le4rn1ni PIISOM DE QUARTEIILY PACKS W•lt5 iws In Scotl II£SErnEMEIIT Gitp -1jr% Ci•nmunlty Cl*mL ea nal Re ses Wilh the Christm83 period teiFVJ a time ol reduced regimes and i%olation we pruvided 5,897 Chrfslrn8S themed packs lo all pn$e[S in the Northeast of England and HMP Edinbufgh and PIMP Sholts.
The Junction 42 Foundation Year Ended 315t March 2025 Trusteg5' Annual Report (Incorporatlng the Dlrectors. Report) Through the gate and Employablllty w(k-(Mrt helps to siabilise 10 way5 (see diagrarn aiy)vel to dUce the likelilbjod ol reoflending and into employment. Clients on the Wortt Oul rrfogramme recefve 1'.2:1 mentoring support and 9roupwork opporlunilies to impfove thew Soc1 and lile skllls. wellbwng. vmployabdty. and eTrJagorTrt wlth Statutory services. TIM5 year wg p8rb¢ipated In a pgrtnership proiecl wrth the Recfuitmenl juncbon. In the conynunlty. we 8UPPOrted 138 indlviduals wilh a Criminal <vi¢. in Ihoir joum8y inlo •iiJoyrrthL tralr•rvJ and pwposelul activity. We also kunch•J a mentoring programme. tKDvfvJlng Ihe opsy)rtunrty for wevious dK8nls lo work alongside oulreath workers, Pfovkjiiig valuable lived experlence. part ol the programme we partnered with Ingeus, who dekvered Ihe trainiry. OYW 60% of the peer mentors moved into employment, after comwlon of the traknlng. In tolal we helped a total of 38 W1VKJals get a photo ID. 70 Indibryjuals g8t bifth Gortillcates. 20 in(Nvkluals to orAn a bank , 20 Irrf13I9 access debt support and delhered 170 Cstm85 Glfts S worked with Juncti¢ 42 In prisort. and we supported him tl>rough the gale. On the day olrelease we wovided 1mrnedte support wrth food and hy9ne supplies and aosS to a SIM card. Ono ol oui partne1$ the OswM> Prc¥ecQ gave hlm 3 days a week's work and we helped hlrn get hls ID documents and $labillsg his accOmndatr.0n when ho was at nsk of boiw made hoThless. (Nowcasuo Workoul
The Junctlon 42 Foundation Year Ended 31st March 2025 Trustees. Annual Report (IncorporatSng the Dlrectors, Roport) Flnanclal revlew The chanty's total Offi8 the financial yeaf was £920.685121r24 - £711.2561. th8 lolal empendilure wa5 £754,43012024 - £698.6981. gtving 8 surplus of £166.255 f2024- £12.55818NI retained lunds camed ftffward of £596,402 (2024 . E430.1471. Tho fvnd$ ol th8 ehanty are £44.080 In rèsirided funds £552.322 in unrastrided funds c8med lorward Unrestricted ndS indude £16.591 of fixed 35sots arKJ £40,217 of designated funds, leaving £495.514 as free reserves. The Iru5t8es rwew the reserve levels annually. Th Teview encompass85 the nature of incorng and expendibjre stream5. Ilw need to malch Inc{ne wilh commttment¥ and tho nature of feserves. The truslees Pfopc4ed a that the d)afity should hold a level of ffeg reserv which is e4vivnl lo no less t? 32-wee5 opefating cosls. h N1$ ccffimon praCte across the sector I contracts lo bg short le and with uncertainty and belween renewa15. for Junclion 42 th15 ha8 meant pefKKls ol unfund&l Pro1s1On This reserves poly was pul in place to mitU8le Ill rL%k to Ouf finanGo1 stabllity, The charity's pre•eGred total expenditsxo lof the year eThliiu 31 Marih 2026 is £835,807, In line wilh our resen4es rthy, we assess cw free $8e9 against a tsrget rarvje 0112 to 32 w•eks ofoperaling coyls. Based on Ihls cxwnditijre Icvcl.. 32 weeks of operatw ¢ost3 equates lo £514.343 12 week5 equates io £192,879 As of 31 March 2025, uNeS1ted free reseThes were £495.514, ¢alculaled as tlxal uwestrtcteij funds les5 fixed asse15 de5iJned lunds. This reoresents amxlmat8lv 31 w•ok¥ of oporalknu expviKJilure. Tho CuentIo¥Cl is very close to what the tnjstees consthr a heaf(hy antj appropriato rcserve level and ovides helplul fiexlbi1 lo sUpt luturo $UStainabllty. ryct development, and ancial reslienGe. Plans for future poriods Junthion 42 Flans to ¢ontue instiTr3 h devek¥Ary Its th In pffisons and communty. In partiadxr we wim look to.. Develop a 3 year nM)del for Stories of Hope wilh associated media Support and trainlocal churches lo lattnth Connect Communit5 Lwih and Darlington Development of digital assets for Chaplains and us8 in HMPPS and SPS Long o¥wview laptop refresh over 12 n15 and Imofovernonls to IT itha8tfuclure In Head Crealiry Jdrtional space f(Y clenl lac4ro 8er¥tes In 2024-2025. 'we successfiAty secured bolh gran15 ar conliacled serylces in pr150ns and the cornrmruty However, eontracled services remain volatile due lo gaps and short contracted periods The mLilb-year grants have helped slabdize the organi5ats.on arKI stynewhal reduce these Impacts. By diversrfw'Tr3 our iruime across grants And CLWKracts. we've been at4e lo lessen the vdatility. Whde c<)nlinuin9 to olate In a volatile secior. we iognIZe tho chalenges PDsed by slwi-lerm contrts, gaps, Ihe 5pecialwJ nalurp of the work. wNch requyeg stalf wlth specific CloarCO and
The Junction 42 Foundation Year Ended 31st March 2025 Trustees. Annual Report (Incorporatlng the Direclors, Roport) exwuse. W• acknrrltsJgo the ll0xFb nalwe of wk and 2&26. ¥Y8 COnUe to d¢v8tsify trjr lund#w afvj gr(pw individual and partner donx)rn. Ak)ngde this, are investsrvj in vrfr3structure to SUPF#Yt growth and resI4hr$ mdudes a phased refresh ol slafl IT equipment ovef a 12-mClh perth aThJ improvemenls lo the head office IT systems. We are also working lo create addrtional spac¢ for dienl-facing services, allowitv U5 lo belter meet the needs of the ind5viduats we suprAJt TTu5tees' respon$lbllEtles Staternenl The trustees (W are also diffjctor5 of the chantable company fry th8 purp)ses of company law} are rospon&ble for prepaiing the Irustees. repofl {inc(wabng the direct(xs' report) and the financial stalornents in acwrdanco applicable law and United Kingdorn Accounting Slanuards, includlng Financial Reporting Stsndard 102 The Finartial Reporllng Slandatd applicable in the UK and Republi Ireland (Unil&J Kingdom Generally Accepted Accounting Practsce). CtJmp8ny law roquirps the trustee5 to prepare financial Statements each financlal year which gfve true and falr vw of the state of affairs of the charTlle eofflpany and of the income arml expendituro of the charilat4e conwny for Ihal pefiod In preparwi9 tre st8tefflent$, Ihe trustees a fequired $glect suitable anting rKIKies and apply Ibam consi$tonttry'. obseNe tre thods and pr1rd$ In the Charils SORP.. mak8 iudgemonts and 88timales thal are roasonle aNI prudent: and prepare the finaneitil ststements on the wng concern basis unless 11 Fs inapwowiate to presume that the charltable CLpanY ill continue h operab"an. The trustees are rosponslblo for rnaintaining adoqualo aDUntIng ro¢i)rds thal aro suffldenl to slK and explain the charitable company's tranStIonS arid disclose wilh reasonable accuracy al any lime the flnancial kwjsition ol the chwitablg company and enabkn Ihe trustee5 to onswe that the financl stalements comply with Ihe Companies Act 2C(16. They are also reSF#)nsible for safeguarding the assets of the charitable CoMY and hence for tal(ing reasonable steps for It provonlion and doloclion ol fraud and other Irrew18fiVe8. Dlsclosure of Inforniatlon to audltors The trustees who hekl office at the d8te ol thls Trustees. Repyt confiTh that. so fw as they are eath aware. there relevant audit infomialion of which Ihe charlty's audit5 are unaware.. and each U5tee has laken all the steps that they ought lo have taken as a tTuslee lo make themsefves aware of aTry relevant audll inf0miatil and lo eSthl$h thai the chadty's auditors are awar6 tsl Ihal Inlornation. These finanuaf slatements have prepared in aco)rdae ihe PyoS1on$ applicable to compan3 sutyect lo the small ents.15 Tegirne. Th18 r•port was approv•d by th• trte•S on •nd Is skn)•d on Its b•half by: Paul Cassldy Tlltee
The Junction 42 Foundation Year Ended 31st March 2025 Indopendont Auditorfs Report to the Members of The Junction 42 Foundatlon Oplnlon We have audited Ihe fnancial 8latements ol Thg Junction 42 Ftyjndatkn (the 'charity'l for Iho y¥ar ended 31 K4ar¢h 2025 wl¥ch comprise the stsiemenl of financ xtNilie5. the balance sheet, Ihe slalemenl of cash Ilcths and notes to the financHI slatenwnts. inrljding siwificafil atcounimg pdicie5. The financial repMiThJ Iramewofk Ihal I$ been applied in ther preparation ts appluble law and Unilod Kingdom Accounting Standard5. ClUdIng Financial Repytir¥J Standard 102 The Final Rcporbng Standard applicable in the UK ReputC of Ireland {UnileO Kingdom GonallY ACpIed Accounti Pracbcel. In ow opTron. finarla1 gtalwnents.. uive a true and 18Y vTr@w of the slate of the charilable Lompany's affairs as al 31 MarGh 2025 aNI of its incomry resources arKI aN)cal1n ol res(yJr¢&5. in¢lLMJiw its Incorne and expervjiture, lor the year Ihen ended.. I)e beeii propefly prepwed in accoTdance wth Unilgj KIngdn Generally Acceptod Accoundrvj Practi¢e: a1 have piepared m accordance wth Ihe fequvtrnents of Ihe C(ryJAnifts Ad 2006. Basls lor oplnlon We conducled ow tn acCordae wlh InteTrokn'onal Standard5 on Auditing (UK) IISAS (UKII anQ applicable law. Our fesF4)nsibilib"e5 under the standards are fvrther desctibed In the Auditor's Teyponslbilitie$ lor atst ol finan¢thl statements section of our repyl, We are Independeiil of U charity in accor(lance with the emKal reqrMentS Ihal ale relevani io our audit of the finanaal stalements in the UK. irKluding tho FRC'S Elhicol Standard. aThJ we have fvlfille(l our other ethlc4Jl fesponslbllllles In ordance wth these reqtsirements We bel¥0 that the audlt evk¥e we have obtalned % suffiuenl and apFKowialo lo pro¥ido a bas15 lor (wr opfftlorL Concluslons rnl•tlng to golng COnM n audltj.ng thè finanelal etatomènts, wo hgvo concludod that the Trustees. use of th• gOg concrn basis ol aOunting n the prepwa1l( ol the finanual stalemenls Is aprxopriato. Based on the we have performed. we have nol Klenlihed any material uncertaint",es relaling to events or td"on5 that. indFvidualty or collgctlvety. may cast 8bjnthI doubt ffi the charity'$ abl#v to ¢ontinue as a go'n9 concern lor a Per of al a$1 rrKJnlhs from when Ihe financial stalenient5 re 8Uthorised kwlssue. Our respon5ibililies and the responstldilies cl fv trustees with respect lo gotng u)nc¢rn aro desuibed in the relevanl secttcthns of Itss report. Other Infomiallon The other Informatson c(xnprises the Intrnaln incknded in the annual repm other than the financlal stalernents and oijr audrtorfs report thereon. truslees are re9ponsIb for the other Informatton confaned ilhin the annual roFort. Our Onon on Ihe finanual slalemenls does Govoi Ihe olher infgrmatson and. except to Ihe extent othefwse expliclly stated in our report. we do not express any lomi of assurance conclusion Ihereon. OUT resporEibilily 15 to read the Dlhef inlormalion and, in doing , ¢on$idw whether the other inlomkilion 15 Material inConstent with the financLal 51algmfjnls ur our knowledge obtained kn the ccurse of the audrt. or OtrWISe appoars lo be materlally fflLgsrated. It we Identify such materi81 incons4stencles appargnl Materi misslatoments. we are re4tJired lo detein9 whether Ihis givos rise lo a matgrial misststomenl in the financial slalemenls them5elve5.11, based on the work we hav8 performed. we cortlthe that there is a material mi55tstement of this olh8r 1nforrnaln. we are requIrj to roport Ihal f&1. We have nsth*vJ to rewrr in tho regard. 10
The Junction 42 Foundation Year Ended 31st March 2025 Independent Audltorfs Report to the Members of The Junctlon 42 Foundatlon Opinions on other matters pre$cTib•d by the Companles Ad 2006 In our 4wnion. based on Ihe work drtakeft in the course ol our Audil.. information gNen in Iho Trustees. rep)rt for tho financi ynar lor wtdch Iho financ al sfalements arc prePtsd, wknh w)dudes the dwectors, repcrt preparf lor the purposes ol CoMpY law. is consBtenl with the financial slalements. aTrl directNs' fepci includod within Ihe Truslees. rvp(xt hos been prepared fft accordance wilh ar¢IatsIe legal reguirements. Matters on vlhich we are r•quired to report by 8xceplion In Ihe li9hl of the kn(MFe(frJe and undef51anth.ng ol the chairty and ts envlronmenl tsblained in the course the aijdil. we have noi entifIed fftalerial rnisslalemenls in the OiiQCtors' report Indu¢od within t Trustees, reporL We have Ix)thing Io feporf In respect ol Ule folowry mattors ffi relation to whth Companies A¢1 2006 u5 to roport lo you rf. in ow opinK¥n: adwuate iiciwntinq red5 have not been kept. ( returns adequaie our audit hawe not been recerved from ixanches visiteol ty u5", 0 Ihe finalat 51alemenl$ 8(e nol In agreemenl th Itp 8cu>unttn9 led5 arnl returris" or certaFn disclosures of ljuslees. remuneration speci1 by law are not made,. c we have not ieceived att the information and explanations we requwe for ow audit. or the Iruslees were not gntrtled to prepare the financial statements accordance with th? small companles reglrne aTrJ takcf advanl•Jo of the sm1 rompan4e5' exernpuons in prepBrfng the Trw8tees' report aThS the fequlremenl to prepwe a strBtew report. R•sponsibilities ol trusloes As eXalled fulty ID the statement of Trustees. responslbilllies. the Iwslees. wlk) are also the dir8clors of the charity for the pvrw5e of company law. are responslble foi the preparation ol ihe rin8rKal stalemenls and for beli sats'sfled that they tyve a true and l&r view, and for such Internal control a5 the ITU51ees delermine is necessary lo enable Ihe preparat of financial statgmenls that are Ir¢e Irom matenal misstalemwit. whether due to fraud 01 error In preparing Ihe finaDcFal slatenilIs. the Irustees are responsible for asseswng the charrtys abilty lo conlinue as a golng concem. di5c1051ng. as applicable. mailers relaod lo goiry cern and Lsing Ihe going concem basis of ac¢ountin9 unless the Iruslees either Intend lo ITquidate the charitable company lo cease operati)ns. Of have no reali51ic alternative bul lo do so. Audllorfi rn$pon•lbllltles for tho audtt ot the flnèncial $t•t•m•nts Our objecb.ves ale to obtain feasmable assurance about whether tlie fanCIal stalemenls as a whole are free frorn maferial mi5slalomont, whother due lo fraud or erTor. and io is5uo an aLMtorfs report that incluoes our opinion Reasonable assurance 15 a hw level ol assufan¢e bul 19 nol a guarantee that an au¢it conducted In accordance wlh 15As IUKI wll always delect a maiefial misslalemenl when il ex15ts. 5slalcrncnts can arise from fraud or orrof and aro conydorod malorial il, indlvldually QT In Ihe aggregate, Ihey could reasoriably L expecled lo nfluence Ihe ecowioniic tlecisions of users tsken on Ihe basis of Ihese financid slatements. The exlenl ty) our wcKedw¢s are capable of detecliry irrBgularib'es, v)¢bJding fraud, 15 detailed betow The rtsk ol maieflal misstalemenl (kne io eiror or fraud has been assessed In conjutIOn with how Inlornol conlTols may Mital any suth dsk. Theso rA)nlrols afQ rcviewod as part of tho audll by perfoiming systems walklhroughg lo engure Ihey aro ¢)perating effe¢livély. Analylkal review and subslantNe testhg is Blso pwfornRd on all mawkit balances and Iherefofe &)y ItanceS ot non-
The Junction 42 Foundation Year Ended 31st March 2025 Independent Audftorfs Report to the Members of The Junctlon 42 Foundatlon complnce 8boukl be &ntTrfied ty C<tsKkr¢d as insignifiGart. In KJ8nlfymg and as5955iry nsks of material misslatemeryl in respeci ol wregularities. Includw frwj, Iho aud gaYernen{ team, ¢)bwed an wdersd19 of the nuro ol Iho industry and sector. lding the legal and re9alOry m4¥[k. in which ihe chadty oleS and IKW charity complies wilh Ihal legal and regulalory tramewor Inquired with man4emenl and those charge(1 with governance al1 their own Idenlrficalion and a¥$9S51TwI d tre risks of irregtslarities. YKluding any kW adual. $uspecled or alleged Inslances ol fr8LKI discu55ed management and IIKJ5e charyod wilh wvemance any nonHcompliarKe wFth law5 afKJ regujalions and how fraud might occur inchjdiry a8$eg$ments of how and ¥4he the fwianGial stalemenls w be $u$cept4e to fraud. The risk of managcmcnt ovcrrKle of conlrots was also consrtlered an area ol potential rnis51atern(>nl due to Itaud. Audit Prucedures performed indLHJed ie51vig ol mu81 joumal entrKes ai)d othor adfvsbnenls and evaiuaLng the bJsines$ ratsonaFe in fatn lo $3nificanl. unusual transactions arKI transaGtion$ enteted into ouiSKle the GQLv¥e of buss& Thwe arn intJer8nl limitations in audlt proceths descntjed above and tho Virybary rosponskbikty for tho pwentton and deteetlon of Yregulanlies inckjding fraud rests wrth management. A8 With any atsdit. there remaiwd a rk of detecti of wr9gularities. a5 Ihese may Involve colluslon, fcxgery. intonlional omissions. mk8repfeswtay¢)n5 or the override of inlemal c(o)triJs. A fLJrthor descr)tlon tsf OLEr rèsp¢Misiblits is alable on the Financiat RePortg C(Artl's website al.. lrtlps.'Ilwpw.frc.org.UKlwJd{sresPonS1lx1Ie5. This description foms part cl our auditorfs report. U3• tsf our r•port This fepiyt 1$ m8de sdèty Charllable compan¥s men, as a body, in accordance wlth Chapter 3 of Part 16 of the Companio¥ th120. (Jjr auit WDrk has teeii UN]eaken so Ihat we m¢ slate I the charitable ¢ompany's memLYrs ihose niatters we we required lo stslo lo Ihern in an audllor's report for rKJ olhef purpose. To the fullost cxlenl permitted by law, we ¢k) not accept or assdme responsibrfity lo anyone Dther than lh8 charilable (x¥nw<iny and Ihe ¢harrtable Gompany's mwnbers as W, for our audit k. for Ihs repor( or for opinions we have kwmed. Nlcholas Cunnlngham MSG Bsc FCCA ISMlor Statutory Audftof) For and behaff ol Rob% Lahakr Accountsnts Linwted. S&1$Xy PJJdltor Fernwood House Fermwood Road Jesmond N8wcasile upon Ty Tyne and Wear NE2 1TJ Dale. l E- IL, L¢Lr 12
The Junction 42 Foundatlon Year Ended 31st March 2025 Statomont of Flnanclal Actlvltles 2025 Unr•slrtcted Re5trictad Funds FuTrJs 2024 Total Fun¢Js Total Funds Not• Income Donati¢y)s and l•gacios CharilBble actsvitss other tradlno altte$ Olher income 169.640 373.801 371,749 $41.389 517,775 373.8Q1 186,835 5.495 5.495 6,646 Total Income 548.936 371.749 920.685 711256 Exp•ndltur• Raising funds Charrtablo a¢tlvlbes 1.424 359.145 1.424 753.006 695,Li8 393,861 Tdal E¥pendltur• 360.569 393.861 754,430 698,698 Net Incom• I IExpMdlturg1 1B8.367 122,1121 166.255 12,558 Nvt I0• and N•t Illovement In Funds Total funds brought Ii)rwara Transfere 15 383.955 66,192 430,147 417,589 Total Funds Carrled Forward 15 552.322 44.080 596.402 430,147 All ie and expenditure derive from ccmlinuYJ acbvbtses. Thg slalemenl is a comtlned Sla:emenl of Financial ActNities and Incorns and Exppryirture Account lor Ihe purposes of meellng both Ccxnp8lli83 Act arHI Chanty SORP reportfftg requK8menls. The noies on pages 16 10 32 T(Th pari of th8 financial stalenwts.
The Junction 42 Foundation Year Ended 31 st March 2025 Statement of Flnanclal Posltlon 2025 2024 Flxod Assets Tangible fix9d 8¥sJ Investments 10 11 16.59) 5,841 16.591 5,842 Current Assets Stk Debtors Cash at Ikwk and in hand 5.7Z3 83.712 527.371 20,000 52.258 392.630 12 616.81 464,888 Credttors.. Amounts Famlng Dug Wlthln One Ygar 13 36.995 40.583 Net Current Atssels 579.811 424,305 Tolal A¥sets Curr•nt Llibllllks 596.402 430.147 N•t A•8ots 16 596,402 430,147 Fund¥ ofth• Charlty Restricled fvnts 15 66,192 unrestr lurHts Unrostrictgd hjnds Oeslgnaled lunds 15 512,105 40.217 381,OT9 2.876 552.322 363.955 Total ChArtty Funds 596.402 430.147 Tho$0 IlnaKial sLemerts lor Th8 Junekn 42 FsXWKI8Uon (England and Wal•* CoThwny number: 8139367> have been wepared In acoydAnrA wilh Ihe Wov1)5 applicable lo c(ry3ni&s subjeci lo Iho small entr1 regimg of Ibe C{Nnpan3 A¢1 2006. The rHAe5 pag05 16 to 32 fomi part ol Iho finwKial sialements. Tl)w stslamwts were apwoved by tho bwd of tru$lefrs and autlKwised lor . NAM• of Trustee: on ol th• Tru•t•o•: Dal• 01 Approv41: 14
The Junction 42 Foundation Year Ended 31st March 2025 Statement of Cash Flows 2025 2024 Cash Flows frorn Op•raUng Actavltloi Ngt Cash provided by (used In> operallThJ adivlt05 1 $2,493 3.6d9 152.493 3.649 Cash Flow$ frorn In¥•¥tlng ACIMI "wdeiKls an(i inleresl Pvrchaso ol tsn9ible fixed assets Net (ash provi¢Jed by lusod h) investlffj 8clfvrl 2,247 119.9991 2,012 11,3331 {17,752) 679 Change in cash and cash ¢qubvalents In tho pwlod Cash and cash oquival8nts al the Ixginnlng ol the reportlng perKxI Cash Cash Equlvalents at the end of tho Reportlftg Perl(bd 134.741 392.630 4.328 388.302 527.371 392.630 Rèeon¢lllatlon of N•t Movem•nt In Fund$ to Net Cash Flow from Operatlng Actlviti• 2025 2024 Net movement in funds for the reporbng (as per tt slalen*ni ol Ilnanc181 aclwit4es) 166.255 12.558 PAllustrTrents f DepreCiakn" Charws DivKlend8 Wbd intorest frryn inve5trDgn Ilnueasel J decrease h stock Ilncreasel I decrease ii) debloTS rease I Ide¢reasei In cfethtors 9.249 2,2471 14,277 (31,4531 13,5881 4,441 12.0121 (20.0001 14,426 15.T641 Nel cash provlded by (used ffl) operaling acbvili8S 152.493 3,649 Analy$l8 ol Ca•h and C••h Equlvahnls 2025 2024 Cash al bank 527,371 392,630 Totsi cash and ¢ash 8wi¥aknls 527.371 392.630 15
The Junction 42 Foundation Yoar Ended 31st March 2025 Notes to the Flnanclal SlatementS 1 Aceountlng Pollce• 1.1 Basls ol Prnparallon The financial stalemènts of Ibe charttable oynpany been prepared un(k>r the histDrkal eosl Conven1K and in accordanct th the Staiemen; ol Recornrr,eThJed Prackn"¢e appIlblO lo charilles propan.ng Ihw"r accnts In accordance with the Firk1nc4al Rep.n9 Stsnoard applicable sn Ihe UK and Repubk ol Ireland (FRS 102). Ihe Companies Act 2008 and United K¥wdorn Generally kceoied AccounUng Pfa¢t5cè appli(¥ble to 5rnaller entslies. The charitablv corTpany has iaten the OPt#)n untlei secti(m 398 91 the CcffnpanFes Ad 2006 thè Charities Act 201 I IGf¢YiP knounlsl Rewlali¢yis 2015 not lo preparo consolidated ftnancial Btstomonls. Tho aCCntS are Pfepareil } St11j (tl Is Ihe furKli(Mal currency ol the ¢harltat4e company. The Juncllon 42 Foundatiw mgels Ihe deTlI10n of a wblk benefft entty undor FRS 102. 1.2 Assessment of Golng Conc•rn The Direclors ol charl1de cofflpany awo sats1 there 8fe no maleflal UnCertainr aboul the tharily'5 ability to conlinue as a golry concgrn al lea51 lor a Pori1 ol 12 months Irom th9 date ol approval ol Ihese financKI 61alemgnis. fvKcordingly, Ihe finawal stalemenls are prepared w a grj concem ba$. 1.) Fud k¢tswitln8 UnrestrKle¢J Income lun¢Js c(Ynpr55e those lunds wthi¢h Iho ITuslees af8 Tree lo use fof any purwse In ftsrtherance of Ihe thanlablo objects. Unrestrled funds include de$ignaied nds wtr.erB Ihe Irusiee$, al Ihthr Ih"SCf8bon, have sel asKle res0CeS for a 5p8cthc PIXP05e, Rèstrictwj lundy are fw)ds vA)i¢h are lo be us•J in Crydaa with speGfft r95tri¢tions Imposed by Ihe donoi or Ihè ierm ol speu'fic appgal. Further explanallon of Ihe nalure arKI purySe ol eath lund Is Incknlod In Note 15 of Ihe finan¢ial slalvmenls. 16
The Junctlon 42 Foundation Year Ended 315t March 2025 Notes to the Flnanclal Statements 1A Incomlng Resour$ All fflcrrfnirrfj resources are recognised orte Ihe charlty has enlillernenl the resources. il Is probable that lh6 rèsourees wlll he recved, and Iho nk)netary value of incomlTrJ resource5 can moa5ur8d wtth sufficitinl rd,'ability . All volunlary fr5 rwnised as donalb)ns arKJ are Includ in lum. tIl ass(Klaled Gift receivable in the Slateml of FInla1 Activrfies. . Grants wheie enllU&men(1s on ihe delNery of spectfic p0mnCe by tr charlty are recognised when the charity bacomes uncoTrJibonaly entitled lo the granL . Income Irom fees f¢x education, traiThng and mentoring are accijunted lor whgn inv¢xff5 are dravm up and the serVe has been provided las the point ol entiNem8nl) . Donaled servw and I$111185 are wKluded al value to the charity where Ihts c8n be ouantsfrl . Grfts In Klnd are accounted lor at a r&assJMblo oslirnate of valug lo the Charity ty Ihg amounl aCrUlY reotised. . Tlmèls expended on the ¢harSly'$ acll¥lUe$ and 90Veman Is rjonoted free of charyo. It Is iTwactOcal to quanknfy the value ol th9 time giyen, arcor(lingly il Is neithw r&cordgd as doTraled income nor as an eXn8& in It fironcial 6ts1ements. • Inveslmenr thc(xne ts I¥u0&y the acc1$ recelvable. 1.5 ReU¢¢0 Ewnd•d Charitable aciivlties - The c(1815 0( chariLible actmtses represent Ihe c05t of urylertaling Ihe charily's 0.0¢b'Ve5 and kndudo dlrecl costs Incurr81S in d8livoTrry Ihose Serv05 1998thw will., sw)port COlDls. All expendiluro 15 accounled lor on an accruals basis. Lta'$itS are roco9ft¥s•d as 9XndI1U1• as soon #s thora i¥ a logal or con£truettv• oblKJation committ5ng the chwity to that expenditure, il is probab that a transler of econ01n benefiis wlll be required in selllement and Ihe atlKWIt ol the obhg8tion w bo me8SUftsd rel&Ny Value added lax is nol recoverab by the charit8 company and u swh it is included in the tele¥anl cost¥ m the statnt 0¢ hnanwl Actiwl*s. Costs of faising lunds inclthle expendllure M rrfornOn rlus any funthalsing tradi costs, 1.6 GovoTnance Costs Includv eosts ol the yreparation and examinaticfft of SLlory acco1$, ts c051s ol (h8 L.uslees' rneetirys and cost ol any Wl th.ce ¢0 trusteès WwomCe cw$tsbJtwal matter5. 1.7 LlabHhles R•¢ognlllon LIalI11e5 are recc#3nised as SO as tre is a le9ai or 0strUCtive oblgalK)n comrnrtb" Ihè chanty lo pay out r•sowce$. 1.8 sto¢k¥ Slocks of wls purchased fof r&sale are stated al Ihe of c061 and nel realis& value. 17
The Junction 42 Foundatlon Yèar Ended 31st March 2025 Notes to the Flnanclal Statements 1.9 Tanglble Flxed Assets All as5e15 rnOTe than £1.000 are caFNlaliseLI arHd al hisl¢)n¢ cosi, Flxed assets are staled al cost less accumulaled deprecialion Dewecialion is charged on fixed assets which Is wrillen off on a slraiglTt-Ilne basis over lime and osk"malo(l useful live ol the asset. Fixluies and fillngs vehwyes 20% Straight Ilne 25% baLce Fithr#s. ffllwy srbd vehictes afe mlewed for #npaimienl rf events or chatKJes in urcumstances inijicale that cry amount ol sLh assots may not be recoverable. IT Ihwe is an indication of possible impairment. Ihe recoverabbe amount of any affectgd asset is estjmated arKI compared against Ils amount. Where ihe e9Pimaith1 e0Verable ameunl 18 lower. an #npamienl loss is recognised IDnlatety in Stalameni of Finandal Activth8S_ 1.10 Penslons The chaff ty operales a defined C4Mirlbutk)n pensk S. Contrtbuh"s ar¢ Charged lo e Slalem8nl of Flnanoal Aclfvl8s a5 be(mé p8yabl& In 8rdance wrth the reS ol Ihe scheme. 1.11 Op•ratlng Lèasos Renlal charggs payth UTKlér operakng1oa505 are chwged on a slr8#Jhi ne basis ovw I lefms of Ihe lease. 1.12 Taxatlon The charlty s exernpl from lamalion in respect ol income Of CO1 gains rec8iv8d lo the oxIBni Ihal such ncomts IY gains are apphed ex¢tusl¥ety fof tharitablg Wfposes. Y1 chafity is not 8xgmpt from Value Added Tax. 1.13 Volunteer A•slstanc• Tim8 is expended on Ihe thadty's actNilles and governance which is donated free ol harg9. li Is impiaclKal lo quty'fy the ¥alug of Iho timv givE. and acco10glY bl L8 nlber recorded as donated incone as an expense ID the finanaal stalernenls. 1.14 CrlfjGal i¢Gountlng estlrnat•s and OantS Esbmales judgemen15 are clIU81ty evaluatod aro basod on h181(¥ eXperie and other laciors, indudir.g eXCIatiOnS of ftjlure events that are beIVod lo bo roasonaL4e undor the circumslancos. The Charity rnakes extsmales and assumptions concerning the luture. The resulbng accountrng estmates and assumptions kvill. by defwiluon. seld¢n equal Ihe olaled actual fesulls. There ar• no Cri81 iudgements. $ignifKant assumptions c(wKeIrn9 the luluTe key siceS ol es1iiiialn of uncertainty al the rewting dale Ihal havo a significanl risk ol causing a maletial adju$knenl to Ihe ¢Ing amounts of assets and babthitses wittr, th next financial year.
The Junctlon 42 Foundatlon Year Ended 315t March 2025 Notes to the Flnancial Slalements 2 Analysls of InGome UnTeslAcled Reslrleted Trfal Fund Funds Fund5 2025 Donatlon and L•ga¢h• t)onBlk>ns and grants Dtrtalions in r•spect of salaries GFft lax reclains 147.IS 325.7S3 45.996 472.943 45.996 22.450 22.450 169.640 371.749 541.389 Charltal)1o ktlvttlgs Prlson and corpmunty (xfftgaeh sorvkos Inveell crealive edu0ft In<011 Stsyios of Hopo 299.627 74.174 299.627 74.174 373.801 373.801 Othgr Trading Activllle• Fundraismg avenls and salès Other Income RfjrtNJr5ed 0Xpen8 3248 2.247 3,248 2.247 5,495 S.495 Totsl Incoma 548.936 371.749 920,685 19
The Junction 42 Foundation Year Ended 31st March 2025 Notes to Financlal Stat•monls 2 Analysis of Income (Contlnuedj Unr951itctsd Ro$trt¢ted Totol Fund* Funds Funds 2024 Donatlons and LtyaGle$ Donat and giants Donations in respecl of salarBs Grft aj tax 181.772 46,081 18.152 271.770 453.542 4&081 18.152 246.lJJ5 271.770 517.775 Charltabl• A¢tlvlll•$ 16fj,530 166,530 Sn-ceN crealTrwe e(lucalK)n Inffjol Slorw of 20.305 20,305 186.835 186,83S Other Tradlng Actmtles Fundrais9 events and sales Oth•r Incom• Reimburse(l ey4Jenses Bank Interest 4,099 $35 4,634 2,012 8.111 535 Total Income 438,951 272,30S 711256 20
The Junction 42 Foundation Year Ended 31st March 2025 Notes to the Flnanclal Stat•m•nls 3 Co•t of Fundralslng unfestrle0 Funds Reslricled Total Fund6 Funds 2025 ExperKlrture raisiry lunds 1.424 1.424 1.424 1.424 Unrestrtted Reslitted Tol•l Funds Funds Funds 2024 ExFendllwe M lets funds 3,630 3,630 3,630 3,630 4 Expendllur• on Chafltabl• A¢tlvltSes Unr051rKtod Fun09 Restricted Total Funds Funds 2025 Prlson Bnd cunrnunity outreach srvicoS lTrcell Storles al HoDe 189.951 18.780 180,411 116.981 370.362 135.761 210.964 325,314 536.278 unresln.cted Rèstrlcled Total Funds Funds Funds 2024 Prisori and c(¥nrnunity oulr&th seryices IrFcell Stories ol Hope 159,018 75,340 138,7 106,182 29T.718 181,522 234.358 244.882 479.240 Charrtable acv4bes are analy*l by Inlemal departrnenc wlth each d6partmenl aln3 to a speci area of Ihe tharlty's Wofk. Staff costs costs are allocated based on Ihe actual knme spent aThJ $8rvtCgs dglivered by ea¢h tewn. Suppon and overhead CO8L8 are apportioned fKYwtionally across departmonts. using tlme all¢Kaiion and usag8 lo rrfecl Ihe r•s0C¢S required to dglThvJr activity. 21
The Junction 42 Foundation Year Ended 31st March 2025 Noles to the Flnanclal Statements S Exp•ndlturo on Charltabh Actlvltl•s Support Coslg Unrestrlcied Funds Reslricted Total Funds Funds 2025 Oonaiions and conlraciual vira Admin manaswmenl stafl c05t5 l)ffice renl and rates Insurance Staff travel costs substslence Office c4sts . telephone, prfntsThJ. c(xnpulws Motor and travd costs Deprocialwn Staff trainirvJ Consuiiancy- mla and public Subscnplkms aThl volunteer costs Accountancy charges Audit fees Cieaniry Cowd PPE Olhef costs- Wl and consultanty floo 74,516 8.148 9.678 600 137.178 12.033 9,678 2.998 14.994 2.474 9,249 9,609 467 208 5,064 o.ooD 635 3.541 62.662 5.885 14.994 2,474 9249 9.609 467 208 635 3.541 148,181 68.547 216.728 Ustrthd Rèstricled Tolal Funds Flind¥ FJJnrlx ?n?d Dona1kY and ¢Mlraetug Ing Admin management staff costs Olfice renl a1 rales Insuran¢8 Staff travel 1*51s arKI subsiste0 offi eosts . telephone, prinbng. coiiiiWs 320 94.991 10.147 8.9TI 5.237 13.624 2.533 4,441 12. 320 135,852 11.454 8.977 5.237 13.624 2,533 4,441 11680 900 656 9,536 3.040 40.861 1.307 00precia Staff Iraining Consultsncy- media arKI pjbknty SubscriptKTh a1 ¥oluntoer cost$ Accoun13ncy charges knttli lees CleaniTrJ Cov4d PPE othgr costs - Wl and consts118ncy 656 9.536 161 6.417 6,417 173.6¥ 42.168 215,828 22
The Junction 42 Foundation Year Ended 31st March 2025 Notes lo Ihe Flnanelal Statements 6 Grant4naklng tlvlll•• CrIng the yeai, Iho ¢itY acted as a lead partnor in a Lottery and N(xfh ol Tyne funded proiect and retsiyed funding for the doli¥wy ol sefvirm under Ihese grant programmes As part ol Ihis .IrrI1rigoirt th8 chaiity was iesponsityle for the overall coofdln8lM and delivery ot the projecl and engaged Th• RecnJitm8nl JurKth)n as a seeond gpecialisl Jjelrvery wtner A grant lolatling E122.Cfj2 wa5 rnade to The RecNitment Junctlon, a wner oroansaiion. lo delfver their agreed sttare ol serv¢ces undef lhts partner5hlp. Tha expenthlyre ha¥ been induded wlhin the Charitable AC1wie5 gxpendllurg bea(iing. uThJer Prison Communty oducatlon aNI ompknyability services, In Ihe Statement of Flnanclal Acdwdes. The granl was made In accordance wrth the lerms ol Ihe fund9 agfeemenl ard subiecl lo appropriate ovorsighl and monitofing procedures. The ¢haflty reknn5 responsitslity lof Ihe lsjll deltvery and reportlng ol the funded pioiecl lo thè original granl prowdw. 7 Statutory Audltor F•08 Fees payable lo IP.e statutY audltor for. 2025 2024 Stsbjlory audit Tee 2.820 • Staff Cosls rho total slaff cy)sls and empkryee benefits for the reporung Per are analysed as fdh)w5: 2025 2024 Ways and salangs Social securfly costs Em0Y conlributK)ns lo pensxjn pl 426,571 29,046 14.759 393.011 24,279 13.027 470.376 430.317 The average head eounl ol OrnFdoyees during the ya as f(41tr1o'. 2025 2024 Avefag9 Direct charit*Jle aclivrties lknagement and admlnlstrauon 18 17 21 21 The number ul emFAoyge5 who reC•v omployee bornfts of more Ihan £60,0(M) durkng the year was as follows". 2025 2024 Ihan £60.OCQ 23
The Junction 42 Foundation Year Ended 31st March 2025 Notes to the Flnanelal Statements Key Management P•rnonn•l The Irusioes, CEO and head of owatsms are con8Klered lo be key manag8menl personnel lor the purposes ol FRS102. The remurallc ol the key mana9emenl personnel lor the year Indu¢Jing empk)yers' tiOnal Insuran¢6 and empk)yfrrs' p&nsion conlrbulions was £82,91812024.' £69.9791. The IreaSe In refflUrK)n Is due In part to vacancles In the pdor yèar h) Ihe of opernilt)ns posltion. 9 Trust Romuneratlon. Exp•nsèf5 and Donatlons The truslees recef¥ed no remuneffilion in the year12024'. £NII. Durlng the year ended 31 M*ch 2025. Iho tharty re¢elved thatIonS totsw £11,745 fr¢xD Indlvthals related lo trusle9512024'. £4.5(KIl. 10 Tanglble Flxed Assets Fixtur and Frtlin95 V¢hl&S Total C051 as è11s1 Aprll 2024 Addilitins Dws Cost as al 31$1 M 2025 34,175 16,994 19.999 (9.4941 27.499 51,169 19,993 19.4941 34,175 61.674 DopractiON a% at 1st Awd. 2024 Dopreciat tharge Disposal 29.924 3,451 15.404 5.798 19.4931 11.709 45.321J 9,249 19.4931 Depr8¢11 as * 31st March 2025 33J75 45,084 Net boo# val(Je as al 31st M¥ch 2025 15.790 16,590 Nel bcok value as al 31st M•ch 2024 4.251 1.590 5.841 All IlThJ assets we used lor wrpcfjes ol Ilw chwrtable wip3ny. 24
The Junction 42 Foundation Year Ended 31st March 2025 Notes to the Flnancial Slatements I I kwgstmonts Unlhled Investmenls Cost 31 Marth 2025 and 31 March 2024 Unlsted inveslrngnls represents an inveslment of I of t share capitsl ol Junct 42 Social Enterprisos LFmthl. an uni¢led domk)nt exp regL%lored in Eroland. 12 Deblofs 2025 2024 Trade ¢Jebtors PrèpayTheThts 54.365 29,347 49.743 2.515 83,712 52,258 13 Cr•dltor4: Amounts Falllng Due thIn One Y•ar 2025 Trade eie_ditQf5 Arnounls due lo subsilliary WKbfjrtang Actfknals and delerred income Other taxes and sodal securlty 3.611 25.123 14.868 18.515 9,393 36.995 40.583 14 Oefefred Incomè 2025 2024 Balance al bg9inning ol the reportkng perKxl Arnount rol&ased lo inc8 Amount deferred year Balance al the end of reports'ry wnod 10,( {10.0001 25
The Junctlon 42 Foundation Year Ended 31st March 2025 Notes to the Flnanclal Statements 15 Analysis ol Charltable Fd$ l Apr 2024 Sncome Ewendlure Translers 31 Mar 2025 Unreslrl0d Funds Unrestrictgd Gen¢ral lunds 361,079 548.936 360,5691 137.3411 137,3411 512,105 361,079 548.936 1360,5691 512.105 De$lgnated G..viiig lund and IT DeveloFWI 2.876 711 36.630 3,587 3&630 2,876 37.341 40,217 Total Unrestrlcted 363.955 548.936 (360.569) 552,322 Re*trkt¢d Funds Acts 435 SeedIld Trust Slr James Knati Tntsl The Bgnefact Trust Vardy FLvidalKJn Fyyish Winian Charilable Tru81 Tees Valley FDull4Jalx)n Lottery The GN• PenlonvI10 & Drake Hall Bishcp Radford North of Tyne ComfA'ned Authority Monumenl Community Foundahon Paltinsons j51 S Micah Lk)yds Ba Salary support lund Regis aanqueting Stenhouse 8apkn51 Church (9471 (5.0001 (5.O¢J)I (47.4991 (30.OW) 130.OWI 5.000 17.499 6.715 8.715 3.333 (3,3331 17081 96,250 18,878 (96.250) 114.1371 118.8WI 15.0(Kll 14.137 18.878 18.8(XJ 47.441 147.441) {1.5(M)) {1.orx)I iO.(MX) {8.333) {S.2001 {8,333) {45,996) 16,5451 1,667 200 8.333 45.996 6.545 2.1)JO (2.tyxi) 26
The Junction 42 Foundation Year Ended 3151 March 2025 Notes to the Financial Statements R•strlcted Funds (Contthuedj l Xt24 Income Expendilute Tiansfers 31 Mar 2025 D8vktson's Klains Parisl) Chu(th 1.750 Watk lo Froedo Fundraiser Nab'onal Lollery Awards FDr am 5J65 5,765 19,944 13.324 16,620 Total Restrlcted 66.192 371.749 1393,8611 44,080 Total Funds 430,147 920.6JS (754,4301 596,402 Fuftd Transfers Durlnq the year. Ihe Iruslees deswaknj funds 01 £36.630 towards lyJildirwJ WKI IT future dovoloprnant and £711 to th8 Glving fund. Pylor Yoar Analysls ol Charltable Funds 1 Ay 2023 Incom¢ ExptituT0 Transfots 31 Mar 2024 Unr••trlctod Funds Unr•strictod Genefal funds 334.181 438.951 1409.8231 (409,823} 12.2301 (2.230) 361,079 334.181 438.951 361,079 Dèslgnated Givliw fuiMI 1833 (1.8251 (1,825} 1876 2,876 1833 Total Unrgstrict•d 337,014 438.951 1411,6481 1362) 363.955 21
The Junction 42 Foundatlon Year Ended 31st March 2025 Notes to the Financial Stalements l Apr 2023 Inccffie Expènditwe TralerS 31 Maw 2024 Restrlcttrd Fund$ .Is 435 ne5 Hunter Tntsts Chikjs Crab Trust Conwnunity FrJaI)n Pattin5C 89 1.925 12.376) f7,51KI) {2,917) 13.t))J) (15,000) 11,T57) 17.5001 (9,9991 (964) 114.6221 362 2.917 Filtyknjr Two Foumlati Juslsow Meiholi5t Church Nah"rJnal Lotlgry Awards All Nepacs Rank Foal Salary &Jpport fund Seèdfield Trust Sir James Knl Trt Spixt EnglanLI The Benefacl Trusl Vardy FLmnlaik Fynsh Willan CP.arltablp Tees Valey Foundat14)n Grah Bellord TBFT Tw$1 CDmmunity FtyJndalic North ol Tyne Combmod Authoiity Lottery rhe 819 Gi4 PentiM)vllle & Drake Hall 15.OIKI 1,757 914 14.622 14,0001 110,0001 (Tni 30.0ty) 130.0001 130.0001 1232851 16.6671 10.(XX> 5,000 777 17.499 17,499 6,71S 3,333 10.000 2.600 (1.7921 708 2.500 2.500 (2.5001 12.500) 11.(K¥)) 6.757 {6.T57) 94.994 194.9941 21.280 17.1431 14,137 18.81K) 18.800 Total Rèstrlcted 80.575 272.305 1287.050) 362 66.192 Total Funds 417.589 711,256 1698,698) 430.147 Furtd Tv•n•f•r• t*Jnng Ihe prrot year. the truslees undesKJnaled the deswialed lunds translerred thé batances b&k to tho g8fw31 fund 28
The Junction 42 Foundation Year Ended 31st March 2025 Notes to the Financial Stalements Fund Dascrfptlons Deslgnated Funds Builtjing and IT Development Glving lund Money deswnaled for the fuiwe IT buildlng development K4oMy dgsonal80 to givg to Olhar rolaied th&r1&S RèStilCt Fund$ Actq 4J5 Acts 435 pro miutrgrants fLW us lo purch8se emS for our ¢lienls arts in financial harrlshlp. Thls want is lor the coffee eMOoyab1ty prolect njn Edlntwrgh. The grant Is for the National Stones of Hope resource packs and med@ seni inlo prlsons The Frftyfour FoUndB1M grant was recelved to supwrt of Slori2s of Hope Naknal Prison Inltth. Agnes Hunter Tntsts CNldg Ch8rilablè Trnsl FiftoUr TV Founflabm - Emt4oyabihty Ju8lSow Methodi81 Churth To $upport the w<¥th of ibe Connect NeM¥)Fk, Tha Mglhodisl Church lunded our employablllty supwl in Newcasllg Tynè. Nepacs provide mKrfrgrants for us to pwchase rtem6 cliwts who are in financial hardsNp. To wcdjcg Slorw ol H(y)o media arnj podcasts. The Sjlary Support Funjj Is lor furyjing Te¢8ivod trorn various source5 lowafds the salary costs of cr staff. The Vafdy I0$aln Is for lh8 natn stones ol Hope resource packs a1 mlia sent nto wisons. They have committ&d lo glvlng for 3 yea. The Benefact grant is fty the natjonal ston.es ol Hope resource packs and ffled s1 inlo wsons. They have commltted lo giying lor 3 years. This is a an1 to supp(yl the corg cosls and operalthal ¢Jfrvelowieni.11 is gwarded lor 2 years. During 2023124 funding to suppon the networt(ing and partnership wlry In Edirtyjryh. Durit¥J 2024125 lunding to develop the In-cdl TealNe uJrr¢cuhJm Nep8CS Rank Foundatran Salary Suwrt fund Vardy F(xmdal T1 Benefact TFU$t Sir Jwnes Knoll Tfust N3tL¥wl Awards fly All Fyrtsh To supwt the slorles ol hope wogram in &ottand and fabth resettiemenl in HMP Edinburgfi R8sfjltloment ol v40rn0n across Ihe North &ist WWI ChwltatrAe Trust Toes Vamey Foundat)n To SLwxI gmplospbifity Wofk in Teessfid6 Graharn Bdlord Rosottlemenl of pnsoners across the North Easl T8Ff Trust To swon in cel stor of Hope wogram xmss Ihe UK commun Foundalic Patttnsons To support the emFtyobihty In Newcasue 29
The Junction 42 Foundation Year Ended 31st March 2025 Notes to the Flnancial Statements Fund Descrwons IGontlnu6yl) North of Tyne Combmeil 4Jib(¥ity To SL4)P)rt Ihe empk)yabilty wcyk for ¥e3Kl8n15 N(xlh of Tyn8 Lottery To wpcffi thè empwty and resettlement xross Ihe NXlh east The&g&v To support Ihe fb cell Siories of Hope pr(gram across the UK in 2024 and funds lo suppyt the growth of Ihg Conr1 Notwork In For ddivery ol in cg11 ciealive ¢urTiculum Penlonville & Drake Hall 8hOP Rad To support the Connect rtk and fn Gdl Stories ol Hopo (gfarn across the UK To SUP[ Ihe empl0 th in Newca50e Monument Mrah To enab devewl ol the Sltylgs of14opo $Poafic to ScottarKI Uoyds Bank To Ihe employabi&ty in Newcasle. Grant provid8d throu l&id furKling Part rhe Recrultinenl Junel1()n. Re$ Banquetkng FurKls given lowaids Stori65 c4 HDpe Chdslmas gills. Sienhouge 8aplssl Chwch FuThJ8 roooivod Io sUPPOrt Ihe wyk carried Edtyrgh DavKlson's M•Jins P(Insh Chwch FU1$ rec8ived10 5UPPQrt Ihe work Cdrrleu (yjl iii Edirtjurgh Walk lo Freedom Fundraser FurK15 reeelved lo support Ihe vlork carried Edinburgh se0dltr# Trt6St To support the m cell Swies ol Hope prcqram acr055 the UK 16 Analys19 ol Net Assots Betw Funds Unrestricled Resthcled Total Funds Fvrnd5 Fu¥Hts 2025 Flxeil asseis Current assels Creditors less than l ye 16,591 572.726 131>,9951 552.322 16.591 616,806 136,9951 598,402 44,080 UnTeStri(Aed Restncled Tolal Funds Funds FurKIs 2024 Flxed assets Ctsrrenl assets Creditrg INgn 1 year 5,842 398.696 140,5831 5.842 464.888 140.5831 430.147 66.192 .383,955 66.192
The Junction 42 Foundatlon Year Ended 3151 March 2025 Notes to tho Flnanclal Slatements 17 Relal•d Party Tr•nsa¢lk+n In the pn.or ar ending 31st Marth 2024 the V8rdy FouThlatKin lE8rtd and Wdes charity no. 328415., Scotland SC0511521 was o related party wth trustee Richard Vardy who reslgne(J Jvty 2023 and w35 a rnutual trustee of ljolh Ofganisations. The total donations durin9 the 2024 nnandal ye8r w8s £42.0(Y). DuriF¥J tho The JClI0 42 Fwndalion PlJed parlner5hlp funding of £1r2,082 <2024.. £72,205) lo The Recruilrnenl Junctth as part of a grant-funded prqgct where Th8 Juneknon 42 Foundab"on aclod as melgad organtsalk)n. funding was originally received from oxlgmal grant PfOVKlers aThJ alk)caled lo The RecTuitsn8nt Juncb"on in lir)e wrth project delivery responsibilil8s. Th JunctkMI 42 Ft3undlfyJ recthved lunth)g thrOh The ReeDJilmenl thjnction as 8 lead provider providing partnorship fvnding lotalllryJ £8.33312024: nlll a 0 8ank Foundauon grdnL The Recrullmenl Junction Is cor6thred a rled party dve lo lh8 lact Ihat Mark Slmpson satves 88 8 trustee of both The Junction 42 Fcrtmdation and The Rtfflent Junc¢iDn durfry the year, Tlwa arg no ¢)ttw related p lo dbscIDSO. 11 Oporatlng CommltmorTt8 Al the reportlng end dale the -hanty h1 outslaTh*ng c(Thmitrnents for fvlwg minimumlgasff payffthts under non-c8neeOable Ortry k8ses whidy f&Y due as follows.. 2025 2024 one year 1.725 2,553 31
The Junction 42 Foundation Year Ended 31st March 2025 Note6 to the Flnanclal Statèmenls 19 Prfor Y••r Staternenl ot FlnaDGlal ActM1$ 2024 UDfestriclod Restrj'etad Funds Funts Tolal Fund$ com• Donahons and legacies Charilable aclivtlios Other Inc8 246.005 186.835 6.111 271.TlQ 517,775 186.835 6.646 Total Incom• 438.951 272,305 711.256 Expondltur• Raisirvj hjnds 3.630 408.018 3.630 695.061 287,0 Total Exp•ndlturg 411.648 287,0 698,698 Ngt Incom• I IExpgndltUT•) 2T.303 114.745) 12,558 Net Income and Net IAovement In Funds Total fund8 bfought lor¥¥ard Tfansfws 337.014 (3621 8Q.575 417.589 Total Funds Carrfod For¥ftard 363.955 66,192 430.147 32