c￿npanY 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) Indep￿dent Auditors Report 10 Statement of Financial Activities 13 staternenl of Financial Posit￿n 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 prO￿e 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.lUr￿￿oft42.￿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 Ferowcath to seltiry the pay and remun8ration of key managernenl personnel. GuKJ8d by a Sca￿ and FX)wits $yslem reflechng respons*Jililies and expwience. an annual appiaisa process ensures thal adjustments allgii wITh Individual porforrnancg. Trust8e5 activvty enqage in selliw 51ralvgic aims for the Chief ExecLslive OffiGer (CEO). Oversight of thls woce5S 15 9nlru5ted to tre IJu51ee HFI and nsk subwp ana ts oveTseen amuatly. Objectlvos and prlnclpal acllvltles Ttte djaritab￿ objectives ol the company arè. To relieve the chariiat4e needs of I•￿e in need by rea50n ol current and pr&vlous crirywnal conwcllons or IF¥)se eonsKlered at risk ol offending agalnsl tho law In partscular Lxjt not exclusivefy by ciealion of employrnenl. trx)usfy. educalion, tr81n￿9 and clynmu￿IY proiec15 lo assis1 wllh thew rehablljlalion ar*d to do Ihis with a Christian ethic. 2. The preventoon or alleviat￿n ot povety and sickn85S through Ihe provtsion of granr5 or sefvKes lo individuals in need ty reason of current awbd prtwiov¥ ctiminal convicllons or those cons#Jered at rtsk of offending against the law andlor charilles. or other organisatKJns lo wevent OT relieve pryrforty. hort*￿sSnesS and &cknegs, Risk$ The Iru5tees confirm Ihal Ihe majof r￿kS to charrty IS exposed. In parbcular those felaled to the operalions ar￿ fmances ol the d￿rity, hav& bewi kterttsr￿d aThJ rev￿wed- and that syslBms are in place to mitlgate those d8ks. strate￿ developments in nsk managemont Ihis year inclLxIe.' 9 policy documents eilhei reviewed or wrTlten. SlralogK pNol lowaids linantsal stabilisatK)n by I￿reas1￿j multsyoar grant fvndlng to redu￿ the ¥(4alle effKt ol slv3rt temi contr* deliv￿ 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 GuId￿Ce 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 vak*s aro: Journe￿r¥j wilh InspiratKJnal ReiaDonal Mlssional Creatlng OFVOrtunities This is J¥JKt%in 42,$ 1￿ year ol operatth Introductlon ale woud trj say that despite Chalkn￿e3 and voWity kn c(¥*actng arrang8rr*nls, 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$tody In con¥nunity, 4>Jr Inyiwi work 50ein9 gruwlh and d8velopmanl. Creatlve Educatlon and Engagement Junction 42 continued to deliver specialtst ueative er￿em￿l servus in HMP Northumberland and HUP Low Newton. These services wKlude using creativity and lived experie￿6 inspiration lo encourage engagement with regime on community suppyt on retease. This work include8 en9dgin9 4th the prisoners not In work or education using an in-coll uoafNe currlculum resourcos d¢>slgned by Juncb"on 42 to Increase engagement in fegima. Junction 42 ha¥e iolled these In cell resources 4 otl)er prisons. where il doesn'l have directly employed ¥taff. Pdson staff aro given Mobi￿•t￿n tranir¥J the Trc8N resouices nefjd8d. Koestler Awards 2024 Mèn and women on our Crealive arts cotffses in HMP Norlhumbertand and HMP Low Newt(m won 37 awards al Ihe 2024 KttsUer Award$ for Arts in Criminal Jusbce. We were de1￿hted to soo Ihesr talents acknowledged WKI for them to receive such K￿ltr¥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 ex￿brtIon ai Bathc. was a pmlDundly moving experience. Surroundod by Ihg crealivè exwÈssA)ns ol thosè ir. sècuré sèttiiws-poelry. Illustrab'on. sculpl+Jr￿l found mysell immersed in a W￿ld 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 at*niralion 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 d￿n9 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 si￿8 doing art along wrfh ffly techn1¢81 skills." Pflsoner COURSI Win &T¥eek htyjis olin (en W*$ PAUOM Au•thtWlS** oife*edtotr Elsler Pxk% OFitstma% FOCIISSEIJ woIKsNopI fje4rn1r4 GIIOIVZIIG XMTO KOUTLER xot5￿￿t 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 pr￿On 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'￿ g￿ng lo see a pnsoner WI￿ Is Strug￿l￿g 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$￿menI- James Rldge. Natlonal Prlstyn ChaplalncN HQ Vlhile In prison In Alay this year, I was in a despernle place aiid wrofe a suicide note. I nolKed a J42 pa¢k in my coll r88d Ihe leslimony. I got on my knees 8nd cded out to God lor forg'veness... I wenl c¥i Alpha and started gomg lo chapel in the pnson My lrfe has change(J 100%, I'm ¢urrentty Ilvin9 In a bail hoslel 8nd am VLilunfeerinu for 8 Chrtstlan wsa&on th81 works wllh Ixxneless Iwle. I k)ve Jesus and wanl lo do HIS work.- PnTsoner We are grateful lo Ih05e who havo partr￿d vhth us 2024.2025 on thls ryogramme. Partners Includrjd UCB. Prison Fdlowslii) El￿181)d. Prison Chaplaincy HQ, Word fof Word Bible ComiG, Prisons Wvek. ssoners Wgek Scolland. Hooe. J05h Abr*iams. Phik) Trust. RweI&tK￿ Daze * The4Polnl5. nin nn Juncb'on 42 oversees Ihe Connect Ne￿ll￿"k. The C￿viet1 Nets¥ofk trains ar￿ supporls the local chwth to provKJe a space whore those from the marg￿$ can Ilourish in their faiih. Connecl cominui)ities c<>nlinuing thts year were in Newcaslje. Stockton. Ethnburgh. MKIdle5bC￿0U9h, 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 gen￿￿e dewre to find work and ¢￿tr￿le, and ￿lnesS￿￿ thejr Iransfofmation has been increthblB, 8oyond the swrilual rgnewal in IheK Ilves, wo're seelng lan￿ble char￿S-s1￿￿5 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 Reb￿ld c￿fer￿￿e 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 del￿eTIng alongside the prison cbathi)cy learns In HMP N￿bed8nd. HMP Ho*ne H(xtse. HMP Low N£*vton and HMP EdinbuT9h. Dekn"vering whole prison inikn'atsves and weekly group Wofk. sUp￿tIrv￿ 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 ser￿es bringing memb¢rs of our C¢)nnect Communitses to dell¥er SLfftday Se￿￿e$ in HMP Nrythumbetsnd. Ill-clu 11 House a￿k￿ing5 . hou pf Inrough the gale. On the day olrelease we wovided 1mrned￿te support wrth food and hy9￿ne supplies and a￿osS 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 $labillsg his accOmn￿datr.0n when ho was at nsk of boiw made hoThless. (Nowcasuo Workoul The Junctlon 42 Foundation Year Ended 31st March 2025 Trustees. Annual Report (IncorporatSng the Dlrectors, Roport) Flnanclal revlew The chanty's total ￿Offi8 the financial yeaf was £920.685121r24 - £711.2561. th8 lolal empendilure wa5 £754,43012024 - £698.6981. gtving 8 surplus of £166.255 f2024- £12.55818NI retained lunds camed ftffward of £596,402 (2024 . E430.1471. Tho fvnd$ 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 e4viv*nl lo no less t￿?￿ 32-wee￿5 opefating cosls. h N1$ ccffimon praCt￿e 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 Pro￿1s1On 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 ￿$8￿e9 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, uNeS1￿ted 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 Cu￿entIo¥Cl is very close to what the tnjstees consthr a heaf(hy antj appropriato rcserve level and ovides helplul fiexlbi1￿ lo sUp￿t luturo $UStainabllty. ry*ct development, and ￿ancial reslienGe. Plans for future poriods Junthion 42 Flans to ¢ontu￿e in*stiTr3 h devek¥Ary Its th In pffisons and communty. In partiadxr we wim look to.. Develop a 3 year nM)del for Stories of Hope wilh associated media Support and trainlocal churches lo lattnth Connect Communit￿5 ￿ Lwih and Darlington Development of digital assets for Chaplains and us8 in HMPPS and SPS Long o¥wview laptop refresh over 12 n￿￿1￿5 and Imofovernonls to IT itha8tfuclure In Head Crealiry *Jdrtional space f(Y clenl lac4ro 8er¥tes In 2024-2025. 'we successfiAty secured bolh gran15 ar￿ conliacled serylces in pr150ns and the cornrmruty However, eontracled services remain volatile due lo gaps and short contracted periods The mLilb-year grants have helped slabdize the organi5ats.on arKI stynewhal reduce these Impacts. By diversrfw'Tr3 our iruime across grants And CLWKracts. we've been at4e lo lessen the vdatility. Whde c<)nlinuin9 to o￿late In a volatile secior. we i￿ognIZe tho chalenges PDsed by slwi-lerm contr￿ts, gaps, Ihe 5pecialwJ nalurp of the work. wNch requyeg stalf wlth specific Cloar￿CO and The Junction 42 Foundation Year Ended 31st March 2025 Trustees. Annual Report (Incorporatlng the Direclors, Roport) exwuse. W• acknrr*ltsJgo the ll0xFb￿ nalwe of w￿k and ￿ 2&26. ¥Y8 CO￿nUe to d¢v8tsify trjr lund#w afvj gr(pw individual and partner don*x)rn. Ak)ng￿de this, are investsrvj in vrfr3structure to SUPF#Yt growth and resI￿￿4hr$ mdudes a phased refresh ol slafl IT equipment ovef a 12-mC￿lh 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$lbllEtles Staternenl The trustees (W￿ are also diffjctor5 of the chantable company fry th8 purp)ses of company law} are rospon&ble for prepaiing the Irustees. repofl {inc(wabng the direct(xs' report) and the financial stalornents in acwrdanco applicable law and United Kingdorn Accounting Slanuards, includlng Financial Reporting Stsndard 102 The Finartial Reporllng Slandatd applicable in the UK and Republi Ireland (Unil&J Kingdom Generally Accepted Accounting Practsce). CtJmp8ny law roquirps the trustee5 to prepare financial Statements each financlal year which gfve true and falr vw of the state of affairs of the charTl*le eofflpany and of the income arml expendituro of the charilat4e conwny for Ihal pefiod In preparwi9 tr￿e st8tefflent$, Ihe trustees a￿ fequired $glect suitable a￿nting rKIKies and apply Ibam consi$tonttry'. obseNe tre ￿￿thods and pr1rd￿$ In the Charil*s SORP.. mak8 iudgemonts and 88timales thal are roason*le aNI prudent: and prepare the finaneitil ststements on the wng concern basis unless 11 Fs inapwowiate to presume that the charltable CL￿panY *ill continue h operab"an. The trustees are rosponslblo for rnaintaining adoqualo a￿DUntIng ro¢i)rds thal aro suffldenl to slK and explain the charitable company's tranS￿tIonS 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 CoM￿Y 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 audit￿5 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 eSth￿l$h thai the chadty's auditors are awar6 tsl Ihal Inlornation. These finanuaf slatements have prepared in aco)rda￿e ihe Pyo￿S1on$ applicable to compan￿3 sutyect lo the small ents.1￿5 Tegirne. Th18 r•port was approv•d by th• tr￿te•S on •nd Is skn)•d on Its b•half by: Paul Cassldy Tll￿tee 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 Fin￿￿al Rcporbng Standard applicable in the UK Reput￿￿C of Ireland {UnileO Kingdom Gon￿allY AC￿pIed Accounti Pracbcel. In ow opTron. ￿ finar￿la1 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)￿cal￿1n ol res(yJr¢&5. in¢lLMJiw its Incorne and expervjiture, lor the year Ihen ended.. I)￿e beeii propefly prepwed in accoTdance wth Unilgj KIngd￿n Generally Acceptod Accoundrvj Practi¢e: a￿1 have piepared m accordance wth Ihe fequvtrnents of Ihe C(ryJAnifts Ad 2006. Basls lor oplnlon We conducled ow tn acCorda￿e wlh InteTrokn'onal Standard5 on Auditing (UK) IISAS (UKII anQ applicable law. Our fesF4)nsibilib"e5 under th￿e standards are fvrther desctibed In the Auditor's Teyponslbilitie$ lor a￿tst ol finan¢thl statements section of our repyl, We are Independeiil of U charity in accor(lance with the emKal req￿r￿MentS 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 COn￿M n audltj.ng thè finanelal etatomènts, wo hgvo concludod that the Trustees. use of th• gO￿g concrn basis ol a￿Ounting 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 t￿d￿"on5 that. indFvidualty or collgctlvety. may cast 8bjnth￿I doubt ffi the charity'$ abl#v to ¢ontinue as a go'n9 concern lor a Per￿ of al ￿a$1 rrKJnlhs from when Ihe financial stalenient5 re 8Uthorised kwlssue. Our respon5ibililies and the responstldilies cl fv trustees with respect lo gotng u)nc¢rn aro desuibed in the relevanl secttcthns of Itss report. Other Infomiallon The other Informatson c(xnprises the Int￿rnal￿n incknded in the annual repm other than the financlal stalernents and oijr audrtorfs report thereon. truslees are re9ponsIb￿ for the other Informatton confaned *ilhin the annual roFort. Our O￿n￿on on Ihe finanual slalemenls does Govoi Ihe olher infgrmatson and. except to Ihe extent othefwse expliclly stated in our report. we do not express any lomi of assurance conclusion Ihereon. OUT resporEibilily 15 to read the Dlhef inlormalion and, in doing , ¢on$idw whether the other inlomkilion 15 Material￿ inCon￿stent with the financLal 51algmfjnls ur our knowledge obtained kn the ccurse of the audrt. or Ot￿rWISe appoars lo be materlally fflLgsrated. It we Identify such materi81 incons4stencles ￿ appargnl Materi￿ misslatoments. we are re4tJired lo dete￿in9 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 1nforrnal￿n. we are requIr￿j 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$cTib•d by the Companles Ad 2006 In our 4wnion. based on Ihe work ￿d￿rtakeft in the course ol our Audil.. information gNen in Iho Trustees. rep)rt for tho financi￿ ynar lor wtdch Iho financ al sfalements arc prePts￿d, wkn￿h w)dudes the dwectors, repcrt preparf lor the purposes ol CoMp￿Y law. is consBtenl with the financial slalements. aTrl directNs' fepc*i includod within Ihe Truslees. rvp(xt hos been prepared fft accordance wilh ar¢I￿atsIe legal reguirements. Matters on vlhich we are r•quired to report by 8xceplion In Ihe li9hl of the kn(MFe(frJe and undef51anth.ng ol the chairty and ts envlronmenl tsblained in the course the aijdil. we have noi ￿entifIed fftalerial rnisslalemenls in the OiiQCtors' report Indu¢od within t Trustees, reporL We have Ix)thing Io feporf In respect ol Ule folowry mattors ffi relation to whth Companies A¢1 2006 u5 to roport lo you rf. in ow opinK¥n: adwuate iiciwntinq re￿d5 have not been kept. (* returns adequaie our audit hawe not been recerved from ixanches visiteol ty u5", 0 Ihe fina￿lat 51alemenl$ 8(e nol In agreemenl ￿th Itp 8cu>unttn9 le￿d5 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 sm*1 rompan4e5' exernpuons in prepBrfng the Trw8tees' report aThS the fequlremenl to prepwe a strBtew report. R•sponsibilities ol trusloes As eX￿alled 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 rin8rK*al 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 slateni￿lIs. the Irustees are responsible for asseswng the charrtys abilty lo conlinue as a golng concem. di5c1051ng. as applicable. mailers rela*od lo goiry c￿￿ern and L*sing 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 f￿anCIal stalemenls as a whole are free frorn maferial mi5slalomont, whother due lo fraud or erTor. and io is5uo an aLM*torfs 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 conju￿tIOn with how Inlornol conlTols may Mit￿al￿ 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 I￿tanceS ot non- The Junction 42 Foundation Year Ended 31st March 2025 Independent Audftorfs Report to the Members of The Junctlon 42 Foundatlon compl*nce 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 wders￿d1￿9 of the n*uro ol Iho industry and sector. l￿ding the legal and re9￿alOry ￿m￿4¥[￿k. in which ihe chadty o￿l￿eS and IKW charity complies wilh Ihal legal and regulalory tramewor Inquired with man4emenl and those charge(1 with governance al￿1 their own Idenlrficalion and a¥$9S51TwI d tre risks of irregtslarities. YKluding any k￿W 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 $u$cept*4e 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 m￿u81 joumal entrKes ai)d othor adfvsbnenls and evaiuaLng the bJsines$ ratsonaFe in f￿at￿n lo $*3nificanl. unusual transactions arKI transaGtion$ enteted into ouiSKle the GQLv¥e of bus**s& 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 remaiw*d a r￿k 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¢Misiblit*s is a￿lable on the Financiat RePort￿g C(Artl's website al.. lrtlps.'Ilwp*w.frc.org.UKlwJd￿{￿sresPonS1lx1￿Ie5. 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 aui*t WDrk has teeii UN]e￿￿aken 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 have been wepared In acoydAnrA wilh Ihe Wov1￿)5 applicable lo c(ry3ni&s subjeci lo Iho small entr1￿ regimg of Ibe C{Nnpan￿3 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$l8 ol Ca•h and C••h Equlvahnls 2025 2024 Cash al bank 527,371 392,630 Totsi cash and ¢ash 8wi¥aknls 527.371 392.630 15 The Junction 42 Foundation Yoar Ended 31st March 2025 Notes to the Flnanclal SlatementS 1 Aceountlng Pollce• 1.1 Basls ol Prnparallon The financial stalemènts of Ibe charttable oynpany been prepared un(k>r the histDrkal eosl Conven1K￿ and in accordanct ￿th the Staiemen; ol Recornrr,eThJed Prackn"¢e appIl￿blO lo charilles propan.ng Ihw"r acc￿nts In accordance with the Firk1nc4al Rep￿.n9 Stsnoard applicable sn Ihe UK and Repubk ol Ireland (FRS 102). Ihe Companies Act 2008 and United K¥wdorn Generally kceoied AccounUng Pfa¢t5cè appli(¥ble to 5rnaller entslies. The charitablv corTpany has iaten the OPt#)n untlei secti(m 398 91 the CcffnpanFes Ad 2006 thè Charities Act 201 I IGf¢YiP knounlsl Rewlali¢yis 2015 not lo preparo consolidated ftnancial Btstomonls. Tho aCC￿ntS are Pfepareil *} St￿11￿j (tl Is Ihe furKli(Mal currency ol the ¢harltat4e company. The Juncllon 42 Foundatiw mgels Ihe deT￿lI10n of a wblk benefft entty undor FRS 102. 1.2 Assessment of Golng Conc•rn The Direclors ol charl1d￿e cofflpany awo sats1￿￿ there 8fe no maleflal UnCertainr￿ aboul the tharily'5 ability to conlinue as a golry concgrn al lea51 lor a Pori￿1 ol 12 months Irom th9 date ol approval ol Ihese financKI 61alemgnis. fvKcordingly, Ihe finawal stalemenls are prepared w a g￿r￿j concem ba￿$. 1.) Fu￿d 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. Unrestrl￿ed funds include de$ignaied nds wtr.erB Ihe Irusiee$, al Ihthr Ih"SCf8bon, have sel asKle res0￿CeS for a 5p8cthc PIXP05e, Rèstrictwj lundy are fw)ds vA)i¢h are lo be us•J in *Cryda￿a with speGfft r95tri¢tions Imposed by Ihe donoi or Ihè ierm ol speu'fic appgal. Further explanallon of Ihe nalure arKI pury￿Se 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 rec￿ved, 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 Slatem￿l of FIn￿￿la1 Activrfies. . Grants wheie enllU&men(1s on ihe delNery of spectfic p￿0m￿nCe 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 serV￿e has been provided las the point ol entiNem8nl) . Donaled servw and I￿$111185 are wKluded al value to the charity where Ihts c8n be ouantsf*rl . Grfts In Klnd are accounted lor at a r&assJMblo oslirnate of valug lo the Charity ty Ihg amounl aCrU￿lY reotised. . Tlmèls expended on the ¢harSly'$ 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 eX￿n8& in It￿ fironcial 6ts1ements. • Inveslmenr thc(xne ts I¥￿u0&y ￿ the acc￿￿1$ recelvable. 1.5 Re￿U¢¢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 Serv￿05 1998thw will., sw)port COlDls. All expendiluro 15 accounled lor on an accruals basis. Lta￿'$it￿S are roco9ft¥s•d as 9X￿ndI1U1• as soon #s thora i¥ a logal or con£truettv• oblKJation committ5ng the chwity to that expenditure, il is probab￿ that a transler of econ01n￿ benefiis wlll be required in selllement and Ihe atlKWIt ol the obhg8tion w bo me8SUftsd rel&Ny Value added lax is nol recoverab￿ by the charit8￿ company and u swh it is included in the tele¥anl cost¥ m the stat￿nt 0¢ hnanwl Actiwl*s. Costs of faising lunds inclthle expendllure M rrfornO￿n rlus any funthalsing tradi￿ costs, 1.6 GovoTnance Costs Includv eosts ol the yreparation and examinaticfft of SL￿￿lory acco￿1$, ts c051s ol (h8 L.uslees' rneetirys and cost ol any Wl th.ce ¢0 trusteès ￿ Wwom￿Ce ￿ cw$tsbJtwal matter5. 1.7 LlabHhles R•¢ognlllon LIa￿lI11e5 are recc#3nised as SO￿ as tr￿e is a le9ai or 0￿strUCtive oblgalK)n comrnrtb" Ihè chanty lo pay out r•sowce$. 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% baL￿ce Fithr#s. ffllwy srbd vehictes afe mlewed for #npaimienl rf events or chatKJes in urcumstances inijicale that cry amount ol sL￿h 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 IDn￿latety 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 Aclfv*l8s a5 be(*mé p8yabl& In 8￿rdance wrth the r￿eS 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 CO￿￿1 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 qu￿ty'fy the ¥alug of Iho timv givE￿. and acco10￿glY bl L8 n￿lber recorded as donated incone as an expense ID the finanaal stalernenls. 1.14 CrlfjGal i¢Gountlng estlrnat•s and ￿￿O￿antS Esbmales judgemen15 are c￿lI￿U81ty evaluatod aro basod on h181(¥￿ eXperi￿e and other laciors, indudir.g eX￿CIatiOnS of ftjlure events that are beI￿Vod 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 Cri￿81 iudgements. $ignifKant assumptions c(wKeIr￿n9 the luluTe key s￿iceS ol es1iiiial￿n of uncertainty al the rewting dale Ihal havo a significanl risk ol causing a maletial adju$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 ed￿u0ft 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 0Xpen￿8 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 Fundrais￿9 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 unfestr￿le0 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 s*rvicoS 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 ac*v4bes are analy*l by Inlemal departrnenc wlth each d6partmenl al￿n￿3 to a speci area of Ihe tharlty's Wofk. Staff costs costs are allocated based on Ihe actual knme spent aThJ $8rvtCgs dglivered by ea¢h tewn. Suppon and overhead CO8L8 are apportioned fKYwtionally across departmonts. using tlme all¢Kaiion and usag8 lo rrfecl Ihe r•s0￿C¢S required to dglThvJr activity. 21 The Junction 42 Foundation Year Ended 31st March 2025 Noles to the Flnanclal Statements S Exp•ndlturo on Charltabh Actlvltl•s Support Coslg Unrestrlcied Funds Reslricted Total Funds Funds 2025 Oonaiions and conlraciual ￿vir￿a Admin manaswmenl stafl c05t5 l)ffice renl and rates Insurance Staff travel costs substslence Office c4sts . telephone, prfntsThJ. c(xnpulws Motor and travd costs Deprocialwn Staff trainirvJ Consuiiancy- m￿la and public Subscnplkms aThl volunteer costs Accountancy charges Audit fees Cieaniry Cowd PPE Olhef costs- Wl and consultanty floo 74,516 8.148 9.678 600 137.178 12.033 9,678 2.998 14.994 2.474 9,249 9,609 467 208 5,064 o.ooD 635 3.541 62.662 5.885 14.994 2,474 9249 9.609 467 208 635 3.541 148,181 68.547 216.728 U￿strthd Rèstricled Tolal Funds Flind¥ FJJnrlx ?n?d Dona1k￿Y and ¢Mlraetug ￿Ing Admin management staff costs Olfice renl a￿1 rales Insuran¢8 Staff travel 1*51s arKI subsiste￿0 offi￿ eosts . telephone, prinbng. coiiiiWs 320 94.991 10.147 8.9TI 5.237 13.624 2.533 4,441 12. 320 135,852 11.454 8.977 5.237 13.624 2,533 4,441 11680 900 656 9,536 3.040 40.861 1.307 00precia￿￿ Staff Iraining Consultsncy- media arKI pjbknty SubscriptKTh a￿1 ¥oluntoer cost$ 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•• C￿rIng 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 .IrrI1rigoir￿t 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 AC1wi￿e5 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 fund￿9 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 statut￿Y 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 Em￿0Y￿ 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 remur￿allc￿ 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 Ir￿eaSe In refflUr￿K)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 th￿atIonS totsw £11,745 fr¢xD Indlvthals related lo trusle9512024'. £4.5(KIl. 10 Tanglble Flxed Assets Fixtur￿ and Frtlin95 V¢h￿l&S Total C051 as è11s1 Aprll 2024 Addilitins Dws Cost as al 31$1 M￿￿ 2025 34,175 16,994 19.999 (9.4941 27.499 51,169 19,993 19.4941 34,175 61.674 Doprac￿tiON a% at 1st Awd. 2024 Dopreciat￿ tharge Disposal 29.924 3,451 15.404 5.798 19.4931 11.709 45.321J 9,249 19.4931 Depr8¢￿1￿1 as * 31st March 2025 33J75 45,084 Net boo# val(Je as al 31st M¥ch 2025 15.790 16,590 Nel bcok value as al 31st M•ch 2024 4.251 1.590 5.841 All IlThJ assets we used lor wrpcfjes ol Ilw chwrtable wip3ny. 24 The Junction 42 Foundation Year Ended 31st March 2025 Notes to the Flnancial Slatements I I kwgstmonts Unlhled Investmenls Cost 31 Marth 2025 and 31 March 2024 Unlsted inveslrngnls represents an inveslment of I￿ of t￿￿ share capitsl ol Junct￿￿ 42 Social Enterprisos LFmthl. an uni¢led domk)nt ex￿p￿￿ regL%lored in Eroland. 12 Deblofs 2025 2024 Trade ¢Jebtors PrèpayTheThts 54.365 29,347 49.743 2.515 83,712 52,258 13 Cr•dltor4: Amounts Falllng Due ￿thIn One Y•ar 2025 Trade eie_ditQf5 Arnounls due lo subsilliary WKbfjrta￿ng Actfknals and delerred income Other taxes and sodal securlty 3.611 25.123 14.868 18.515 9,393 36.995 40.583 14 Oefefred Incomè 2025 2024 Balance al bg9inning ol the reportkng perKxl Arnount rol&ased lo inc￿8 Amount deferred ￿ year Balance al the end of reports'ry wnod 10,( {10.0001 25 The Junctlon 42 Foundation Year Ended 31st March 2025 Notes to the Flnanclal Statements 15 Analysis ol Charltable F￿d$ l Apr 2024 Sncome Ewendlure Translers 31 Mar 2025 Unreslrl￿0d 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$lgnated G..viiig lund and IT DeveloFWI 2.876 711 36.630 3,587 3&630 2,876 37.341 40,217 Total Unrestrlcted 363.955 548.936 (360.569) 552,322 Re*trkt¢d Funds Acts 435 SeedI￿ld Trust Slr James Knati Tntsl The Bgnefact Trust Vardy FLvidalKJn Fyyish Winian Charilable Tru81 Tees Valley FDull4Jalx)n Lottery The GN• PenlonvI10 & Drake Hall Bishcp Radford North of Tyne ComfA'ned Authority Monumenl Community Foundahon Paltinsons j￿51 S Micah Lk)yds Ba Salary support lund Regis aanqueting Stenhouse 8apkn51 Church (9471 (5.0001 (5.O¢J)I (47.4991 (30.OW) 130.OWI 5.000 17.499 6.715 8.715 3.333 (3,3331 17081 96,250 18,878 (96.250) 114.1371 118.8WI 15.0(Kll 14.137 18.878 18.8(XJ 47.441 147.441) {1.5(M)) {1.orx)I iO.(MX) {8.333) {S.2001 {8,333) {45,996) 16,5451 1,667 200 8.333 45.996 6.545 2.1)JO (2.tyxi) 26 The Junction 42 Foundation Year Ended 3151 March 2025 Notes to the Financial Statements R•strlcted Funds (Contthuedj l Xt24 Income Expendilute Tiansfers 31 Mar 2025 D8vktson's Klains Parisl) Chu(th 1.750 Watk lo Froedo Fundraiser Nab'onal Lollery Awards FDr am 5J65 5,765 19,944 13.324 16,620 Total Restrlcted 66.192 371.749 1393,8611 44,080 Total Funds 430,147 920.6JS (754,4301 596,402 Fuftd Transfers Durlnq the year. Ihe Iruslees deswaknj funds 01 £36.630 towards lyJildirwJ WKI IT future dovoloprnant and £711 to th8 Glving fund. Pylor Yoar Analysls ol Charltable Funds 1 Ay 2023 Incom¢ Exp￿￿tituT0 Transfots 31 Mar 2024 Unr••trlctod Funds Unr•strictod Genefal funds 334.181 438.951 1409.8231 (409,823} 12.2301 (2.230) 361,079 334.181 438.951 361,079 Dèslgnated Givliw fuiMI 1833 (1.8251 (1,825} 1876 2,876 1833 Total Unrgstrict•d 337,014 438.951 1411,6481 1362) 363.955 21 The Junction 42 Foundatlon Year Ended 31st March 2025 Notes to the Financial Stalements l Apr 2023 Inccffie Expènditwe Tra￿lerS 31 Maw 2024 Restrlcttrd Fund$ .Is 435 ne5 Hunter Tntsts Chikjs C￿￿rab￿ Trust Conwnunity F￿r￿JaI￿)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 Fo￿￿al Salary &Jpport fund Seèdfield Trust Sir James Kn￿l Tr￿t Spixt EnglanLI The Benefacl Trusl Vardy FLmnlaik Fynsh Willan CP.arltablp Tees Valey Foundat14)n Grah￿ Bellord TBFT Tw$1 CDmmunity FtyJndalic North ol Tyne Combmod Authoiity Lottery rhe 819 Gi4 PentiM)vllle & Drake Hall 15.OIKI 1,757 914 14.622 14,0001 110,0001 (Tni 30.0ty) 130.0001 130.0001 1232851 16.6671 10.(XX> 5,000 777 17.499 17,499 6,71S 3,333 10.000 2.600 (1.7921 708 2.500 2.500 (2.5001 12.500) 11.(K¥)) 6.757 {6.T57) 94.994 194.9941 21.280 17.1431 14,137 18.81K) 18.800 Total Rèstrlcted 80.575 272.305 1287.050) 362 66.192 Total Funds 417.589 711,256 1698,698) 430.147 Furtd Tv•n•f•r• t*Jnng Ihe prrot year. the truslees undesKJnaled th￿e deswialed lunds translerred thé batances b&k to tho g8fw31 fund 28 The Junction 42 Foundation Year Ended 31st March 2025 Notes to the Financial Stalements Fund Dascrfptlons Deslgnated Funds Builtjing and IT Development Glving lund Money deswnaled for the fuiwe IT buildlng development K4oMy dgsonal80 to givg to Olhar rolaied th&r1￿&S RèStilCt￿ Fund$ Actq 4J5 Acts 435 pro￿ miutrgrants fLW us lo purch8se ￿emS for our ¢lienls arts in financial harrlshlp. Thls want is lor the coffee eMOoyab￿1ty 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 Fift￿oUr TV￿ Founflabm - Emt4oyabihty Ju8lSow Methodi81 Churth To $upport the w<￿¥th of ibe Connect NeM¥)Fk, Tha Mglhodisl Church lunded our employablllty supwl in Newcasllg Tynè. Nepacs provide mKrfrgrants for us to pwchase rtem6 cliwts who are in financial hardsNp. To wcdjcg Slorw ol H(y)o media arnj podcasts. The Sjlary Support Funjj Is lor furyjing Te¢8ivod trorn various source5 lowafds the salary costs of c￿r staff. The Vafdy I0￿￿$al￿n Is for lh8 nat￿n￿ stones ol Hope resource packs a￿1 m*lia 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￿ s￿1 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 w￿lry 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 N*Xlh 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 Conr￿1 Notwork In For ddivery ol in cg11 ciealive ¢urTiculum Penlonville & Drake Hall 8￿hOP Rad To support the Connect r￿t￿￿￿k and fn Gdl Stories ol Hopo (gfarn across the UK To SUP[￿ Ihe empl￿0￿ 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 Edty*￿rgh DavKlson's M•Jins P(Insh Chwch FU￿1$ rec8ived10 5UPPQrt Ihe work Cdrrleu (yjl iii Edirtjurgh Walk lo Freedom Fundraser FurK15 reeelved lo support Ihe vlork carried Edinburgh se0dl￿tr# 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 lE￿8rtd 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 J￿ClI0￿ 42 Fwndalion Pl￿￿Jed 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 responsibilil*8s. Th JunctkMI 42 Ft3undlfyJ recthved lunth)g thrO￿h 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 r*led party dve lo lh8 lact Ihat Mark Slmpson satves 88 8 trustee of both The Junction 42 Fcrtmdation and The R￿￿tfflent Junc¢iDn durfry the year, Tlwa arg no ¢)ttw related p* lo dbscIDSO. 11 Oporatlng CommltmorTt8 Al the reportlng end dale the -hanty h￿1 outslaTh*ng c(Thmitrnents for fvlwg minimumlgasff payffthts under non-c8neeOable Or￿try 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 Inc￿8 246.005 186.835 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