**Registered Charity Number: 1186665 Registered Charity Number:**
# **The Junction Church** Report and Accounts For the year ended 31st March 2025
## **Contents**
|Charity Information|Page 3|
|---|---|
|Trustees’ Annual Report|Page 4-10|
|Independent Examiner’s Report|Page 11-12|
|Statement of Financial Activities|Page 13|
|Balance Sheet|Page 14|
|Cashflow Statement|Page 15|
|Notes to the Accounts|Page 16 - 21|
2
## **Charity Information**
## **Charity Number:**
**Charity Number:** 1186665 **Registered Office:** The Junction Church PO Box 10677 Loughborough LE11 9JT **Governing Document:** The Junction Church is governed by its Constitution dated 29 November 2019 and was created as a Charitable Incorporated Organisation (“the CIO”) registered with the Charity Commission. **Trustees:** Mark Bean (Chair) Lydia Todd Carolyn Bean Joseph Ohajunwa Noel Suthesh **Key Management:** Roy & Lydia Todd (Church Leaders) **Banker:** Virgin Money 3 Eastgates Leicester LE1 5YA **Independent Examiner:** Paul Exton Accounting Services 53 West Leake Lane Kingston on Soar Nottingham NG11 0DN
3
The trustees present their annual report, together with the unaudited financial statements of the charity, for the year ended 31st March 2025.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The charity Trustees are responsible for the general control and management of the charity. The Trustees give their time freely and receive no remuneration or other financial benefits. The Trustees meet together at least three times a year and are responsible for all major decisions taken in relation to running the church and the activities provided by the charity. The day-today management of the church and activities are delegated to Senior Pastors Roy and Lydia Todd.
Roy and Lydia are supported by a team they lead and are developing. As the church has grown, some of these leaders have oversight in a paid capacity. Roy and Lydia have numerous mechanisms of oversight and accountability.
## **New Trustees**
New trustees are appointed by existing trustees when appropriate. Suitable candidates are considered on the basis of their skills, experience and understanding of the aims of the church. New Trustees have the opportunity of reviewing appropriate documents including the accounts as part of their induction process.
## **OBJECTIVES AND ACTIVITIES**
The principal objects of the charity are:
- To advance the Christian Faith and the worship of God in any part of the world, including the teaching and training of Christian people and the printing and distribution of the Bible and Christian literature using any form of media.
- To relieve people in any part of the world who are aged or sick or who are in conditions of need, hardship and distress.
- To advance education based on Christian principles.
The main activities are:
- Working with churches and charities in the UK and overseas, to teach, empower and equip people to develop life skills that will help them find employment, a better balance of family life as well as helping serve their communities better.
- Teaching the values of the Christian faith helping build a society that defeats poverty and helps people to live honourable lives that both respect themselves and others.
m
4
## **ACHIEVEMENTS AND PERFORMANCE**
The Trustees are pleased to present this report for the year ended 31 March 2025. This has been a year of major development for The Junction Church, marked by substantial progress, continued growth across our ministries and strengthening engagement with the local communities we serve. Throughout the year, the Trustees have remained committed to ensuring that all activities align with our charitable objectives and that governance, safeguarding and accountability remain central to our work.
## **Building Acquisition and Development**
A defining moment this year was the acquisition of the former Beacon Bingo building on Baxter Gate in Loughborough, completed in April 2024 for £1.25 million. The building had been vacant for more than three years after the Bingo Club closed in 2021. Following constructive discussions with the owners, and after they reviewed our charitable work, they agreed to sell the property to us at a favourable price. The Trustees view this acquisition as a significant opportunity for long term community benefit.
The building includes a large auditorium originally designed to seat 1,700 people, along with a number of ancillary rooms. One of these, previously used as a bar area, has been repurposed as the Chapel Suite and is now used for smaller gatherings, funerals and community events. Structural surveys confirmed the solidity of the building, although essential works were required before full use.
During the year we undertook key improvements. The roof, which had suffered from long term leaks, was fully replaced. Historic asbestos was professionally removed, ensuring the building’s safety and compliance. Planning consent for F1 use was secured after detailed work, enabling us to move forward with long term plans. These developments reflect responsible stewardship of a major charitable asset.
## **Ministry and Community Activity**
Despite the extent of the building project, our charitable activities have continued to flourish.
5
## **Achievements and performance (continued)**
## **Youth Work (TRG)**
Our youth ministry, This Rising Generation, continues to grow through weekly programmes, partnerships with local schools and committed volunteers. All activity operates within our safeguarding framework, ensuring that young people are supported in a safe and structured environment.
## **Children’s Ministry**
Our children’s work has expanded as more families engage with the charity. A DBS checked and trained team deliver age appropriate programmes each week. Safeguarding policies remain robust, regularly reviewed and publicly available. Parents consistently express appreciation for the quality and safety of this provision.
## **Soup Kitchen**
The Soup Kitchen continues to serve individuals facing vulnerability, isolation or financial pressure. Guests receive a free hot meal and a welcoming environment each Thursday evening. Volunteers provide conversation, community and, when needed, signposting to relevant services. This remains a highly valued expression of our charitable aims.
## **Seasonal and Community Events**
The Light Party once again provided a positive environment for children and families in October. Our Christmas services in December 2024 were the busiest to date, offering hospitality and a sense of connection to many first time visitors.
## **Student Ministry**
Students continue to form a significant part of our community. Regular meals, friendships and pastoral support are provided in an encouraging environment. While we do not offer professional advice, the consistency of community life has proven beneficial for student wellbeing.
6
## **Achievements and performance (continued)**
## **Leicester**
Our Leicester congregation meets on Sunday afternoons and continues to grow, particularly among students and young adults. Weekly life groups provide smaller settings where people can snack, chat and pray, offering meaningful support and connection. These activities further the charity’s aims and contribute positively to local wellbeing.
## **Nottingham**
Our Nottingham community has developed strongly over the past year. We host a Thursday evening service once a month which provides a gathering space for students and young adults. The midweek life groups offer supportive environments for discussion and connection. These groups continue to be valued and play an important role in advancing our charitable objectives.
## **Lutterworth Building**
During this year, the charity continued to steward the Lutterworth building received through a previous merger. After careful consideration, the Trustees leased this facility to another established church group. It was important to ensure that the building continued to be used for charitable purposes, and the group now using the facility operates in a way that aligns with our charitable objectives. Regular communication and positive cooperation have ensured that the building remains well used and continues to serve its intended community purpose.
## **Wider Engagement**
Across all locations we continue to provide pastoral support, family gatherings, creative arts programmes and midweek activities. Partnerships with local schools and community organisations have strengthened, enabling us to offer support and encouragement to a wide range of people. Volunteers remain central to the charity’s work, and the Trustees are deeply grateful for their generosity and dedication.
7
## **Achievements and performance (continued)**
## **Governance and Safeguarding**
The Trustees continue to prioritise clear governance, financial responsibility and accountability. Oversight is maintained across all departments, and safeguarding remains a central consideration in all activities, not only with children but with any individual who may be considered vulnerable. Policies and procedures are reviewed regularly to ensure compliance with current standards.
## **Conclusion**
This has been a year of major progress, marked by significant developments in our facilities, continued growth in attendance and activity, and deeper community engagement across the region. The Trustees remain committed to serving with excellence, stewarding resources responsibly and maintaining alignment with our charitable objectives. As we look ahead, we are confident that the charity is well positioned for continued positive impact in the years to come.
## **VOLUNTEERS**
Across all our churches there are more than 200 volunteers involved in serving and leading. We could not operate and do everything we do without the generosity and dedication of those who diligently serve each year.
## **FINANCIAL REVIEW**
The trustees, after appropriate review, have a reasonable expectation that the church has adequate resources to continue in operational existence for the foreseeable future.
Income received by the charity for the period ending 31[st] March 2025 totalled £633,742 (2024: £979,774). This included restricted income totalling £173,306 (2024: £315,688). Expenditure for the period amounted to £574,414 (2024: £436,502), resulting in a surplus of £59,328 (2024 was a surplus of £543,272).
## **GOING CONCERN**
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
8
## **RESERVES POLICY**
The reserves policy set by the Trustees is to carry net unrestricted income equal to a minimum of 6 months’ committed expenditure. Committed expenditure includes Sunday venue costs, all salary costs plus any direct debits. The balance of reserves at 31st March 2025 was £1,235,392, made up of £172,812 restricted funds and £1,062,580 of unrestricted funds and the Trustees are happy that this amount is well above the policy set. Current free reserves (unrestricted funds less tangible fixed assets and investments) are £214,362.
## **RISK MANAGEMENT**
All major insurable risks are subject to normal Churches and employer's insurance. Annual reviews of risk, such as health and safety are undertaken by the Trustees in conjunction with employees and volunteers. The trustees are satisfied that systems are in place to mitigate exposure to the major risks.
The Trustees have implemented appropriate policies to manage the internal finances of the charity. The systems of internal control are designed to provide reasonable, but not absolute, assurance against material misstatement or loss. They include:
- a) an annual Budget considered by the Trustees; and
- b) regular consideration by the Trustees of financial reports; and
- c) delegation of authority and segregation of duties; and
- d) Identification and management of risks.
The trustees aim to review on a regular basis the adequacy of the system and the main risks that the Church may find arising. The trustees believe that maintaining the free reserves, combined with appropriate reviews of the controls over key financial systems, provides sufficient resources in the event of unexpected adverse conditions.
## **STAFF REMUNERATION POLICY**
The Trustee Board carries salary reviews out each year. However, a review does not guarantee a pay rise and there is no contractual right to an annual pay rise. Staff will be informed of the result of the review in writing.
9
## **TRUSTEES’ APPROVAL OF THE ANNUAL REPORT**
The annual report was approved by the trustees on 28[th] January 2026.
## **SUMMARY**
The Trustees consider that they have complied with the Charities Act 2011 and that the church and its membership are meeting the charitable objectives that were determined when the church was formed. As it grows, it is expected that the church’s community will have further opportunities to increase its activity and influence.
Mark Bean Trustee
10
11
12
## **The Junction Church**
## **Statement of Financial Activities for the year ended 31 March 2025**
|**Notes**
**Incoming resources:**
Donations and legacies
2
Donated Assets
Charitable Activities
Trading Activities
Interest Received
Restricted Income
**Total incoming resources**
**Resources expended:**
Charitable activities
3
Restricted Activity
**Total resurces expended**
**Net surplus / (Deficit) for the year**
**Transfer between funds**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**2025**
**£**
**£**
**£**
397,759
-
397,759
-
-
-
1,154
-
1,154
57,340
-
57,340
4,183
-
4,183
-
173,306
173,306
**460,436**
**173,306**
**633,742**
259,161
-
259,161
-
315,253
315,253
**259,161**
**315,253**
**574,414**
201,275
(141,948 )
59,328
-
-
-
**201,275**
**(141,948 )**
**59,328**
861,305
314,760
1,176,064
**1,062,580**
**172,812**
**1,235,392**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**2024**
**£**
**£**
**£**
299,996
-
299,996
350,000
-
350,000
1,200
-
1,200
9,551
-
9,551
3,339
-
3,339
-
315,688
315,688
**664,086**
**315,688**
**979,774**
279,106
-
279,106
-
157,396
157,396
**279,106**
**157,396**
**436,502**
384,980
158,292
543,272
-
-
-
**384,980**
**158,292**
**543,272**
476,324
156,468
632,792
**861,305**
**314,760**
**1,176,064**|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure has arisen from continuing operations.
The notes from page 16 onwards form part of these accounts.
13
## **The Junction Church**
## **Balance Sheet as at 31 March 2025**
|**Notes**
**Fixed Assets**
Tangible assets
7
**Current Assets**
Debtors
8
Prepayments
Cash at Bank
**Total current assets**
**Creditors**
Amounts falling due within one
year
9
**Net current assets**
Amounts falling due
after one year
10
**Total net assets**
**Represented by**
Unrestricted funds
Restricted funds
**Total funds**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**2025**
**£**
**£**
**£**
1,497,640
-
1,497,640
86,792
-
86,792
3,646
-
3,646
135,583
172,812
308,395
**226,021**
**172,812**
**398,833**
23,033
-
23,033
**202,988**
**172,812**
**375,800**
638,048
-
638,048
**1,062,580**
**172,812**
**1,235,392**
1,062,580
-
1,062,580
-
172,812
172,812
**1,062,580**
**172,812**
**1,235,392**|**Unrestricte**
**d Funds**
**Restricted**
**Funds**
**Total**
**2024**
**£**
**£**
**£**
634,801
-
634,801
70,387
-
70,387
6,791
-
6,791
164,635
314,760
479,395
**241,812**
**314,760**
**556,572**
15,309
-
15,309
**226,503**
**314,760**
**541,263**
15,309
-
15,309
**861,304**
**314,760**
**1,176,064**
861,304
-
861,304
-
314,760
314,760
**861,304**
**314,760**
**1,176,064**|
|---|---|---|
The financial statements were approved by the trustees on 28th January 2026 and were signed on its behalf by:
Mark Bean Chair of trustees
14
## **The Junction Church**
## **Cashflow Statement for the year ended 31 March 2025**
|**Cashflow from operating activity**
Net (outgoing) / incoming resources for the year
Adjustments for:
Depreciation
Profit on Disposal
Increase in debtors
Decrease in creditors
**Net Cashflow from operating activities**
**Cashflow from investing activities**
Proceeds from property sale
Payment to acquire fixed assets
Donated Assets
**Net cashflow from investment activities**
**Cashflow from financing activities**
Proceeds from mortgage loan
Repayments of borrowings
**Net cash from financing activities**
**Net (decrease) / increase in cash in the year**
Cash at the beginning of the year
**Total funds**|**2025**
**2024**
**£**
**£**
59,328
543,272
40,065
19,461
(74,890 )
(13,260 )
(41,497 )
(3,650 )
11,720
**7,594**
**532,956**
430,000
-
(1,258,015 )
(19,478 )
-
(350,000 )
**(828,015 )**
**(369,478 )**
660,000
-
(10,578 )
-
**649,422**
**-**
**(171,000 )**
**163,478**
479,395
315,917
**308,395**
**479,395**|
|---|---|
15
## **The Junction Church**
## **Notes to the financial statements for the year ended 31 March 2025**
## **1 Accounting policies**
The financial statements have been prepared in accordance with applicable accounting standards in the United Kingdom (FRS 102), the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and with the Charities Act 2011. The financial statements are prepared on a going concern basis and the accounting policies have been applied consistently, other than where new policies have been adopted.
The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (accounts and Reports) Regulation 2008 only to the extent required to provide a ‘true and fair’ view. The departure has involved following the Charities SORP (FRS 102) published on 16th July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1st April 2005 which has since been withdrawn.
The Junction Church meets the definition of a public benefit entity as set out in FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **(a) Fund Accounting**
Unrestriced funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **(b) Income**
Income is composed principally of donations by Church members and gift aid reclaimed on donations where eligible. The nature of the Church’s regular income means that income is brought into account only when the income is received. Gift aid reclaimed is recognised in the financial period to which it relates.
Income from any other activities is recognised when earned.
Investment income is recognised on a receivable basis and arises from interest bearing deposit accounts.
## **(c) Voluntary Help and Gifts in kind**
The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these accounts as they cannot be reliably measured.
Donated goods and services, where significant, are included in income at an estimate of their value to the charity. An expense is recognised as those goods, facilities and services are consumed or distributed to beneficiaries.
## **(d) Expenditure**
Expenditure, including irrecoverable VAT, is recognised as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Charitable activities is accounted for on an accruals basis, the costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.
Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **(e) Government Grants**
Government grants relating to tangible fixed assets are treated as deferred income and released to the statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the statement of financial activities as the related expenditure is incurred.
16
## **The Junction Church**
## **Notes to the financial statements for the year ended 31 March 2025**
## **1 Accounting policies** (Continued)
## **(f) Taxation**
The Church is a registered charity, and as such, is entitled to certain exemptions on income and profits from investments and surplus on any activities carried on in furtherance of the Church’s primary objectives, based on the assumption that these surpluses are applied solely for charitable purposes.
The Church is not registered for VAT. Irrecoverable Value Added Tax is charged to the relevant expenditure heading to which the net cost is associated.
## **(g) Tangible Fixed Assets**
Fixed Assets are recorded at cost of purchase less accumulated depreciation. The Church generally capitalises assets which meet or exceed a de minimis value of £500 and are likely to have a useful economic life of more than one year.
Depreciation is charged at the following annual rates, commencing in the year of acquisition at rates estimated to write off their cost, less any estimated residual value, over their expected useful lives.
Motor vehicles 25% straight Line, accured from the month after purchase Freehold Property 2% straight Line, accured from the month after purchase Fixtures & Fittings 20% straight Line, accured from the month after purchase Other assets 33.3% straight Line, accured from the month after purchase
## **(h) Debtors & Creditors**
The Church recognises all transactions on an accruals basis, which is to say that all sums due to or from the Church are included in the year which they occurred. If they have not been paid or received, they are included as a debtor or creditor.
## **(i) Pensions**
The church operates a defined contribution pension scheme, contributions payable to the scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **(j) Going concern**
The trustees have determined that there is no material uncertainty that casts doubt on the entity’s ability to continue as a going concern.
## **(k) Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments, which are initially recognised at transaction value and subsequently measured at their settlement value.
## **(l) General information**
The Junction Church is a charitable incorporated organisation registered in England, registered number CE019818, and charity registered number 1186665
## **(m) Critical accounting estimates and assumptions:**
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Critical accounting estimates and assumptions:
The charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year are discussed below.
Critical areas of judgement:
Depreciation of tangible fixed assets:
Determining the appropriate rate of depreciation of tangible fixed assets requires an estimate of the useful economic life and ultimate net realisable value. The useful economic life is determined to be the period during
17
## **The Junction Church**
## **Notes to the financial statements for the year ended 31 March 2025**
## **2 Donations and legacies**
The majority of the incoming resources are donations from Church members.
|Income from donations
Gift Aid|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**2025**
**£**
**£**
**£**
291,893
132,394
424,287
105,866
40,912
146,778
**397,759**
**173,306**
**571,065**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**2024**
**£**
**£**
**£**
256,276
309,021
565,297
43,720
6,666
50,387
**299,996**
**315,688**
**615,684**|
|---|---|---|
## **3 Resources expended**
|Ministry & Pastoral Care
Events
Employer Costs
Venue Hire
Admin and Operational costs
Restricted Activity|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**2025**
**£**
**£**
**£**
35,726
-
35,726
8,978
-
8,978
133,153
-
133,153
29,757
-
29,757
51,546
-
51,546
-
315,253
315,253
**259,161**
**315,253**
**574,414**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**2024**
**£**
**£**
**£**
59,019
-
59,019
23,544
-
23,544
116,634
-
116,634
28,367
-
28,367
51,541
-
51,541
-
157,396
157,396
**279,106**
**157,396**
**436,502**|
|---|---|---|
## **4 Governance Costs**
The costs of governance is included in resouces expended and is split as follows:
|Legal & Professional
Examiner
Bank charges|**Total 2025**
**Total 2024**
**£**
**£**
750
4,505
250
250
2,080
2,502
3,080
7,257|
|---|---|
## **5 Staff Costs**
|An analysis of staff costs is as follows:
Wages and Salaries
Employers national Insurance
Employers pensions contributions|**Total 2025**
**£**
122,529
6,305
2,935
**131,768**|**Total 2024**
**£**
112,233
4,437
2,540
**119,211**|
|---|---|---|
No employees received employment benefits of more than £60,000 in either the current or preceding year.
|An analysis of average no. of employees is as follows:
Pastoral
Operational
The average number of employees during the year was|**Total 2025**
**£**
4.0
2.0
**6.0**|**Total 2024**
**£**
4.9
2.4
**7.3**|
|---|---|---|
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## **The Junction Church**
## **Notes to the financial statements for the year ended 31 March 2025**
## **6 Key management**
|An analysis of staff costs is as follows:
Wages and Salaries
Employers national Insurance
Employers’ pensions contributions|**Total 2025**
**£**
114,719
6,305
2,935
**123,958**|**Total 2024**
**£**
98,803
4,437
2,540
**105,780**|
|---|---|---|
There are currently 4 members of staff (2024 – 4), the trustees consider to be key management;
## **7 Tangible Fixed Assets**
|**Cost**
Brought forward
Additions in year
Disposals in year
Carried forward
**Depreciation**
Brought forward
Charge for the year
Disposals in year
Carried forward
**Net Book Value**
at 31 Mar 2025
at 31 Mar 2024
**8**
**Debtors**
Gift Aid debtor
Prepayments
Other debtors|**Fixtures &**
**Fittings**
**£**
-
1,134
-
**1,134**
-
19
-
**19**
**1,115**
-|**Media &**
**Sound**
**Equipment**
**Software and**
**Systems**
**Freehold**
**Property**
**£**
**£**
**£**
1,169
1,796
607,513
-
-
1,256,881
-
-
(357,513 )
**1,169**
**1,796**
**1,506,881**
201
349
11,152
390
599
9,006
-
-
-
**591**
**948**
**20,158**
**578**
**848**
**1,486,723**
968
1,447
596,360|**Motor**
**Vehicles**
**Total**
**£**
**£**
52,015
662,493
-
1,258,015
-
(357,513 )
**52,015**
**1,562,995**
15,989
27,692
30,051
40,065
(2,402 )
(2,402 )
**43,638**
**65,355**
**8,377**
**1,497,640**
36,026
634,801
**Total 2025**
**Total 2024**
66,705
70,387
3,646
6,791
20,087
-
**90,438**
**77,178**|
|---|---|---|---|
|**9**
**Creditors – amounts falling due within one year**
Mortgage
Accruals
Credit Cards
Other Creditors|**Total 2025**
**Total 2024**
11,374
-
505
1,295
602
1,001
10,552
13,013
**23,033**
**15,309**|
|---|---|
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## **The Junction Church**
## **Notes to the financial statements for the year ended 31 March 2025**
## **10 Creditors – amounts falling due after one year**
|Mortgage after one year
_25 Year Term from April 2024_
**Analysis of movement in Funds**
**Restricted Funds**
Vision
Building Fund
Community Fund
SHIRE Community Grant
Other
**Unrestricted Funds**
**Total**
**Restricted Funds**
Vision
Building Fund
Community Fund
SHIRE Community Grant
Other
**Unrestricted Funds**
**Total**|**Opening**
**Balance**
**1st April 2024**
**Incoming**
**Resources**
**2024/25**
**Outgoing**
**Resources**
**2024/25**
**£**
**£**
**£**
43,539
6,944
47,121
216,265
146,755
226,527
1,126
4
-
2,500
-
2,500
51,330
19,603
39,105
**314,760**
**173,306**
**315,253**
**861,305**
**460,436**
**259,161**
**1,176,065**
**633,742**
**574,414**
**Opening**
**Balance**
**1st April 2023**
**Incoming**
**Resources**
**2023/23**
**Outgoing**
**Resources**
**2023/24**
**£**
**£**
**£**
39,222
28,286
23,969
64,112
221,148
68,995
167
958
-
-
2,500
-
52,967
62,795
64,432
**156,468**
**315,688**
**157,396**
**476,324**
**664,086**
**279,106**
**632,792**
**979,774**
**436,502**|**Total 2025**
**£**
**638,048**
**Transfers**
**2024/25**
**£**
-
-
-
-
**-**
**-**
**-**
**Transfers**
**2023/24**
**£**
-
-
-
-
**-**
**-**
**-**|**Total 2024**
**£**
**-**
**Closing Balance**
**31st March 2025**
**£**
3,361
136,493
1,130
-
31,828
**172,812**
**1,062,580**
**1,235,392**
**Closing Balance**
**31st March 2024**
**£**
43,539
216,265
1,125
2,500
51,330
**314,760**
**861,304**
**1,176,064**|
|---|---|---|---|
## **11 Analysis of movement in Funds**
Restricted Funds and the use of these funds are as follows:
Vision
To help further the vision and expansion of the Junction Church
Building Fund
An ongoing fund to be used to purchase a building for the Church
Community Fund
To support those in need in our local community and our church
SHIRE Community Grant
Grant provided by Leicester City Council for the provision of holiday activities
20
## **The Junction Church**
## **Notes to the financial statements for the year ended 31 March 2025**
## **12 Transactions with trustees**
None of the trustees received any fees for their services as Trustees. Lydia Todd is a Trustee and engaged in Ministry for the Church, for which employment costs of £51,976 (2024: £38,397) were made during the year, this includes all employer costs. Included in this amount, employer pension contributions of £1,372 (2024: £1,002) were made.
Noel Suthesh is a Trustee and engaged in operational services for the church, for which employment costs of £5,513 (2024: £5,250) were made during the year, this includes all employer costs.
Trustees or their family members were reimbursed during the year for expenditure that was in pursuit of various activities of the church. 2 trustees or related family members received reimbursements in the year (2024 - 3). Reimbursements to trustees or related family members amounted to £4,059 (2024 - £8,795).
## **13 Transaction with related parties**
The following is a summary of organisations and individuals, which are related to The Junction Church together with details of the transactions made with them during the year.
Remuneration in the year was paid to Roy Todd (husband of Trustee Lydia Todd) who was employed in their own right. Employment costs and benefits totalling £57,966 (2024: £53,879) were made. A vehicle was also provided by the charity as a benefit.
Zara Ohajunwa, the wife of Joseph Ohajunwa (trustee) is also an employee of the church in their own right. Employment costs and benefits totalling £10,262 (2024: £7,778) were made.
The charity received donations totalling £38,963 (2024: £36,713) from related parties, including any related gift aid (related parties includes the trustees, any other members of key management and anyone closely connected to them).
There are no further related party transactions to disclose apart from these above.
## **14 Control**
There is no ultimate controlling party.
## **15 Going Concern**
The trustees have determined that there is no material uncertainty that casts doubt on the entity’s ability to continue as a going concern.
21