COMPANY REGISTRATION NUMBER". N1632475 CHARITY REGISTRATION NUMBER: 101602 THE JUNCTION: COMMUNITY RELATIONS AND PEACE BUILDING COMPANY LIMITED BY GUARANTEE UNAUDITED FINANCIAL STATEMENTS 31 MARCH 2024 ADIL2MQO 2311212024 COMPANIES HOUSE A35 450 CLAREMOUNT Chartered Accountants 43 Clarendon Street Derry BT48 7ER
THE JUNCTION: COMMUNITY RELATIONS AND PEACE BUILDING COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 PAGE Trustees, annual report (incorporating the director's report) Independent examiner's report to Ihe trustees Statement of financial activities {including income and expenditure account) Statement of financial position Notes to Ihe financial stalements 10
THE JUNCTION: COMMUNITY RELATIONS AND PEACE BUILDING COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT {INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 MARCH 2024 The Iwstees, who are also the directors for the purposes ol company law, presenl their report and the unaudiled financial stalemenls ol the charity for the year ended 31 March 2024. Releren¢e and administrative details Registered char5ty name The Junction-. Community Relalions and Peace Building Chaflty reglstrallon number 101602 Company registraiion number N1632475 Principal off ice and registered 10-12 Bishop Street off ice Londonderry BT48 6PW Northern Ireland The Irustees Ms C Moffett Mr J O'Neill Ms R MeLaughlin Ms A Nicholl Mr B Dougherty Ms A Murray Cavanagh Ms C Jones Independenl examiner Mr K Mccauley Claremount Chartered Accountanls 43 Clarendon Street Derry BT48 7ER Struclure. governance and management The Junctlon.. Community Relations and Peace Building is a charitable company limited by guarantee, incorporated on 1510712015.
THE JUNCTION: COMMUNITY RELATIONS AND PEACE BUILDING COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (conlinued) YEAR ENDED 31 MARCH 2024 Obhectlvos and acllvlll•s The Junction was founded in March 2000 by a group of community relations and peace building activists in partnership wilh Derry City Council, to support community relations and peace building. The organisation was named The Junction because of its ambition to be a comprehensive service provider for peace building work. Formerly a Peace Building Centre with a Resource Library, The Junction created a safe and mulually respecting space for groups and organisations to discuss highly sensitive and conlenlious issues. The Junction continues to build upon its sound foundational work and rack record in peace building and community cohesion, with an outreach across Ireland, North and South and further alield. Our Strateglc Alms The Junction has five core slralegic aims, which are informed by an integrative peace-building model. To provide accessible and inclusive community relations education and training with high quality resources and Iraining materials for wide dissemination. 2. To promote and support civic engagement and dialogue around Ihe themes of peace building through local, nalional and internalional outreach. 3. To share critical analysis pertaining to community relations and peace building with policy and decision makers. 4. To develop and deliver community relalions and peace building 'producls' that generate unrestricted income. 5. To build a strong, relevant, and sustainable organisation. Achlevements and Perfornmnce The financial year 2023-2024 has been a year of consolidation for The Junclion, as recently appointed core staff members, Kerona McDowell as Financial Administrator and Ruth Gonsalves Moore as CEO settled into their new roles. The small staff team has brought all reporting up io dale and are actively leading Out on programme delivery and forward planning. The Junction continues to contract and engage a number of Associate Consultants and Affiliate Facilitators for programme delivery. both as part of our core activities and additional contractual lender opportunilies.
THE JUNCTION: COMMUNITY RELATIONS AND PEACE BUILDING COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (contlnued) YEAR ENDED 31 MARCH 2024 Achlevemeni$ and pertorman¢• (¢onllnu•d? A cornerstone ol The Junction's work is building the knowledge and skills base ol key stakeholders in civic society Ihrough the development and delivery ol a wide range of training programmes, workshops, and seminars. The Junction continued to work hard to respond to the good relations and peace-building needs ol the community and across the community and public sector Ihrough 202312024, Through the year we reached out to community groups across Northern Ireland, engaging almost 1000 individuals through our core peace building education and learning work, events and research supported by Strategic Partner lunding from DFA, Core and Project funding from CRC and Projecls lunded and contracled by The Ideas Fund. CCGBC including a wider reach Ihrough a number ol Shared Learning forums and networks. Informed by our inclusive and ethical slorylelling approaches, and with awaren8ss ol the far-reaching impact ol person-centred peer approaches, The Junction commenced a dedicated peer enquiry project, supported by The Ideas Fund, around mental well-being support needs in a post conflict society. The Junction contributed lo support stalutory policy development through a contract awarded by Causeway Coast and Glens Borough Council to develop their Good Relations Strategy for 2023-2026. The Junctlon continues to engage associate consullanls, trainers and educalois, and as a result Ihere continues to be an ongoing demand lor our highly inlormative, Community EducationlLearning programmes, and in particular learning around 'partition', and 'lmperialism' and 'Palriarchy' as intersecting themes underlying conlemporary peace needs. It remains important lo The Junction that every individual who engages with The Junction is valued, whether embarking on a personal lourney ol sell.discovery and learning. delivering, or receiving training, or indeed wishing io challenge us in any aspect of our work. Communlty Relatlons and Tralning Our Community LearningraIning "Re-lmagining Relationship" programme continues lo be a key focus ol OLJr work, and the community learning work has been 'coupled' with a peer-support approach to Facililalive leaders. As a resull, we commenced a new 'Train the Trainers, course informed by Ihe 'Liberalion from Patriarchy for Gender Justice. resource (developed Ihrough Peace IVI, and this initial Training programme was delivered lo 14 Facililative Leaders drawn Irorn across Derry ancl Slrabane, Causeway Coasl and Glens and Co. Donegal. 11 was an important opportunity lo engage a number of 'next generalion, facilitators and it is informing our work around engagement methodologies and approaches, 11 also has aff orded us lime to explore and share peace-building eihi¢s underpinning The Junction Training programmes. Facilitator feedback has affirmed the value ol an approach which recognises the role of Facililative Leaders and enabled peer learning and support, which can go some way to address Ihe ongoing need lor updaling Training materials as policy and societal context evolves. Facililalor feedback also highlighls new learning needs around intersectionaliiy and the need lo engage all genders in Ihis work, and especially more men in Ihe conversalions around gender justice, and therefore ongoing needs lo work collaboratively and cross-sectorally, In the year 2023 to 2024 three six week courses on Living with Imperial Legacies were delivered in Limavady, Slrabane, and DerrylLondonderry. A further three courses on gender justice and patriarchy were delivered under the title "Re-lmagining Human Relationships" in Coleraine, rural North Antrim and DerrylLondonderry. We will be permanently grateful for Ihe research and development carried out by Dr Johnston Mcmaster on Living with Imperial Legacies and Dr Cathy Higgins on palriarchy and Gender Justice which has informed our training and learning programme. The Junction made a number of strategic conneclions through the delivery of this work. connecting with a number of Local Growlh Partnerships, and key CIV sector organisations including Droichead project Icullurlann Ui Chanainl, Wesl Bann Development Associalion, Radius Housing, Aontas Lifestart and Council-based GROS
THE JUNCTION: COMMUNITY RELATIONS AND PEACE BUILDING COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (Continued) YEAR ENDED 31 MARCH 2024 Civic engagementldialoguelposilive encounter work around Peace-building Informed by principles core to The Junction's programmes such as Ethical and Shared Remembering and with an understanding of the value of 'slorytelling' In alleviating the medium and longer-term impacts on mental well-being ol individuals and communities emerging from conflict,. the Junction spearheaded a projecl entitled Changing The Story I tell Myself. This work was carried out in parlnership with Ulster University and supported by The Ideas Fund. The programme commenced with a series of residenlials and Ihematic workshops leading on to the design of community-led research and enquiry informing the developmenl ol a resource for mental well-being. The project engaged a core cohort 0114 individuals and professionals priorilising mental well-b8ing and led to the publication and the in-year launch ol the new Toolkit Changing the Slory i fell Mysell and Creative Film resource (Éimear Mccartney's First Day Out in Months, by Damian Gorman) lowards the end of 2023. Pollcy Development for Peace Building on previous policy development work The Junction submitted and were awarded a contract to undertake the Good Relations Strategy 2023-2026, supporting the Causeway Coast and Glens Borough Councill in lullilling their statutory remit. This programrne of work involved an intense period ol consultation using a variety of methods (focus groups, one to one interviews, an online survey and a literature review of the policy conlexll, the results of which were analysed and formed a sel of recommendations for existing and new projects addressing good relallons across the CCGBC Olstricl. Flnanclal revlew The nel outgoing resources for the year were £39,899 (2023 £1701. The company reserves al the year end were £72,605 (2023 £112,504) of which £67,242 relates to unreslricted funds and £5.363 relates to reslricled funds. The trustees aim lo have a reserve covering at least three months expenditure at any given time. Plans for luluro perlod8 The Junction is in ils twenty-third year and its work on Ethical and Shared Remembering has been widely regarded as making a significant impact on shaping peace work in Northern Ireland and the border counlies. Recent publications addressing perlinent Ihemes will continue to be central to The Junction's work next year and into the future, as we seek to broaden and deepen our engagement, developing the curriculum and the methodologies through which we engage individuals and groups, as well as developing our associale and affiliate facililalor team. The Junction continues to be cognisant of evolving needs in Northern Ireland and the intersecting issues of sectarianism sexism and racism, as well as inlersecting equalily and human righls issues. We will continue our focus on Ethical and Shared Remembering as we seek lo find inclusive ways to remember the Troubles, both here and in other conflicled socielies, and equip and support civic sociely lo build inclusive and sustainable peace for future generations. The Junclion is looking forward to working through existing and new partnerships at local and regional levels, in the development of tailored learning programmes around integrative peace-themes {enabling cultural diversity, addressing the recovery of wornen's voices) through new opportunities including new opportunities afforded by European Peace Plus funding.
THE JUNCTION: COMMUNITY RELATIONS AND PEACE BUILDING COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (contlnued) YEAR ENDED 31 MARCH 2024 We look forward to the dissemination of our new loolkil addressing mental well-being and exploring ils roll out across communiiy and educational spaces for Ihe betterment of mental well.b8ing on a posi conflict society and to an extension of the Changing the Slory I tell Myself project. The Board has formally recognised the work of Maureen Hetheringion for her many years of dedication to The Junclion and support in shaping our exisling and planned programmes and we are fortunate to be able to continue lo engage Maureen Hetherington as an Associate Consultant through 2023-2024 and inlo the luture- alongside other Associale Consultants and Aff iliate Facilitators whose significant knowledge and insights have enriched our impacl. Going forward we hope lo develop our AssociatelAffiliale Facilitator relationship and team, so that il also includes 'nexl generation, Facilitators. The Board is delighted to have a new team at the helm ol The Junclion who are actively continuing to build upon and add to previous work and Ihemes, and we look forward lo new initiatives and new opportunities Ihey are currenlly developing, The Junction is gralelul for the ongoing strategic support ol our experienced and committed Board members, as we continue to deliver challenging and important work in a professional and elhical manner locally, nationally and internalionally. Small company provisions This report has been prepared in accordance wlth the provisions applicable lo companies enlitled lo the small companles exemptlon. The trustees, annual report was approved on l Oth December 2024 and signed on behalf of the board of trustees by: Roisin McLaughlln Trustee Carolyn Anne Moffett Trustee
THE JUNCTION: COMMUNITY RELATIONS AND PEACE BUILDING COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE JUNCTION: COMMUNITY RELATIONS AND PEACE BUILDING YEAR ENDED 31 MARCH 2024 I report to the trustees on my examination of the financial statements of The Junction- Community Relation5 and Peace Building I'the charity'l for the year ended 31 March 2024. Responglbllltleg and basls ol report As the trustees of the company land also ils directors lor the purposes of company law) you are responsible lor Ihe preparation ol Ihe financial statements in accordance with the requirements ol Charities Act (Northern Ireland} 2008 (the .2008 Act'l and the Companies Acl 20061.the 2006 Act.). You are salistied that the accounts ol the company are nol required by charity or company law lo be audited and have chosen instead to have an independent examination, Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible lor independent examination, I report in respect of my examination of Ihe charily's financial slalements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission lor Northern Ireland under section 65(9llb) ol the 2008 Act. Independent txaminor's statement I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respecl.. accounting records were not kept in respect of tha charity as required by section 386 of the 2006 Act., or Ihe financial stalements do nol accord wilh those records., or the financial slatemenls do not comply with the accounting requiremenls ol section 396 of the 2006 Acl other than any requirement Ihal the accounts give a 'true and fair. view which is not a matter considered as part ol an independent examination.. or the financial slalemenls have not been prepared in accordance with the methods and principles of the Stalemenl of Recommended Practice for accounting and reporting by charit18s applicab18 to charities preparing their accounts in accordance with Ihe Financial Reporting Slandard applicable in the UK and Republic ot Ireland (FRS 102>. I confirm Ihat there are no other mallers to which your attention should be drawn to enable a proper understanding ol the accounts lo be reached. Independenl Examlner CLAREMOUNT Chartered Accountants 43 Clarendon Street Derry 8T48 7ER 10th December 2024
THE JUNCTION: COMMUNITY RELATIONS AND PEACE BUILDING COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2024 2024 Restricted funds Total fund8 Total funds 2023 Unreslricted funds Note Income and endowmenls Donations and legacies Charitable activities 78,618 78.618 395 97,939 1,869 395 Total Income 395 78,618 79,013 99,808 Expendlture Expenditure on charitable activities Total expendllure 118.912 118,912 99,638 118,912 118,912 99,638 Net {expendllure)Ilncom• and net movernent in funds 395 140,294) 139,8991 170 Reconciliation of funds Total funds brought lomard Total funds carrled lorward 66,847 45,657 112,504 112,334 67,242 5,363 72,605 112,504 The statement of financial activities includes all gains and losses recognised in the year. All income and expendilure derive from continuing aclivilies. The notes on pages 10 to 18 torm part ol these financial statements.
THE JUNCTION: COMMUNITY RELATIONS AND PEACE BUILDING COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL POSITION 31 MARCH 2024 2024 2023 Nol8 FIXED ASSETS Tangible lixed assets 1,301 1.734 CURRENT ASSETS Deblors Cash al bank and in hand 12 360 72,144 114,631 CREDITOAS; amounls talling du• wlthln one y•ar NET CURRENT ASSETS 13 1,200 3.861 71.304 110,770 TOTAL ASSETS LESS CURRENT LIABILITIES 72,605 112.504 NET ASSETS 72,605 112,504 FUNDS OF THE CHARITY Restricted funds Unrestricted funds 5,363 67.242 45,657 66,847 Total charlty funds 14 72,605 112,504 For the year ending 31 March 2024 the charity was enlilled to exemption from audit under seciion 477 of the Companies Act 2006 relating io small companies. Directors, responsibililies: The members have not required the company to obtain an audit ol ils financial statemenls for the year in queslson in accordance with section 476. The directors acknowledge Iheir responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject lo the small companies, regime.
THE JUNCTION: COMMUNITY RELATIONS AND PEACE BUILDING COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL POSITION (contlnuedj 31 MARCH 2024 These financial statements were approved by the board of trustees and authorised for issue on 101h December 2024 and are signed on behalf of Ihe board by: Qfr4 Roisin McLaughlin Truslee Carolyn Anne Moffett Trustee
THE JUNCTION: COMMUNITY RELATIONS AND PEACE BUILDING COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 General information The Charity is a public benelil enlily and a private company limited by guarantee, regislered in Northern Ireland and a registered charity in Northern Ireland. The address ol the registered office is 10-12 Bishop Slreel, Londonderry, BT48 6PW, Northern Ireland. Stalement of compllance These financial slalemenls have been prepared in compliance with FFIS 102, 'The Financial Reporting Slandard applicabl8 in the UK and the Republic ol Ireland,. the Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 102} (Charities SORP (FRS 10211 and the Companies Act 2006. A¢¢ounling policies Bagls of preparatlon The financial statemenls have been prepared on the historical cost basis. as modified by the revaluation ol certain financial assets and liabilities and investment properties measured al fair value Ihrough income or expenditure. The financial statements are prepared in sterling, which is Ihe functional currency of the entity. Going concern There are no malerial uncertainlies about the charity's ability to continue. Fund accounllng Unreslrlcted funds are available lor use al Ihe discretion of the trustees to further any of Ihe ¢harily's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or Commitment. Restricl8d funds are subjected to restrictions on their expenditure declared by the donor or Ihrough the terms ol an appeal and fall inlo one of two sub-classes.. reslricled income funds or endowmenl funds. -11
THE JUNCTION: COMMUNITY RELATIONS AND PEACE BUILDING COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (contlnued) YEAR ENDED 31 MARCH 2024 A¢¢ountlng pollcles (eontlnu•d? Incoming resources All incoming resources are included in the stalement of financial aclivilies when entitlement has passed to the charity., it is probable thal the economic benefils associated with the transaction will flow to the charity and the amount can be reliably measur8d. The lollowing specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlemenl to Ihe gift. receipt is probable and ils amounl can be measured reliably. legacy income is recognised when receipi is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical lo measure reliably, in which case the value is derived from the cost lo the donor or Ihe eslimated resale value. Donaled facilities and services are recognised in Ihe accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for Ihe supply of services is recognised with the delivery of the conlracled service. This is classified as unrestricted funds unless there is a contraclual requirement for it to be spent on a particular purpose and relurned if unspent, in which case il may be regarded as reslricted. Resour¢es expended Expenditure Is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings ol the statement of financial activities to which il relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable Irading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims for Ihe benelil of ils beneficiaries. including those support costs and costs relaling to the governance ol the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither relaled to raislng lunds for the charity nor part of its expendilure on charitable activities. All cosls are allocaled lo expenditure categories reflecting the use of the resource. Direct costs altribulable to a single activity are allocaled directly to Ihal activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assels Tangible a55ets are initially recorded al cost, and subsequently stated at cost less any accumulaled depreciation and impairmenl losses. Any tangible assels carried al revalued amounls are recorded at the fair value at the dale of revaluation less any subsequent accJmulated deprecialion and subsequent accumulated impairmenl losses. 11
THE JUNCTION: COMMUNITY RELATIONS AND PEACE BUILDING COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (¢0 ntlnued) YEAR ENDED 31 MARCH 2024 Accountlng pollcles (¢onllnu•d) Tanglble assets (conllnuedj An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless il reverses a charge lor impairrnent that has previously been recognised as expenditure within the statement of financial aclivilies. A decrease in the carrying amount of an assel because of revaluation, 15 recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on Ihe statemenl ol financial activities. Depreclatlon Depreciation is calculated so as to write off the cost or valualion of an asset, less its residual value, over the useful economic life of that assel as follows.. Equipment 200/0 Straight line Impalrmenl of flxed assets A review for indicators of impairmenl is carried out at each reporting date, with the recoverable amount being eslimaled where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting dale. For the purposes of impairment testing, when il is not possible lo eslimale Ihe recoverable 'amount ol an individual asset, an estimate is made of the recoverable amount ol the cash- generaling unit lo which Ihe asset belongs. The cash-generaling unit is Ihg smallest idenliliable group of assets that includes the assel and generales cash inflows that largely independent of the cash inflows from olher assets or groups of assels. For impairment tesling of goodwill, the goodwill acquired in a business combinalion is, from Ihe acquisition dale, allocated lo each of the cash.generaling units that are expected lo benefit from the synergies ol the combination, irrespective ol whether other assets or liabilities of the charity are assigned lo those units. Govemmenl granls Government grants are recognised at the fair value of the assel received or receivable. Granls are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received. Where the grant does not impose specified future perlormance-related conditions on Ihe recipient. it is recognised in income when Ihe grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, il is recognised in income only when the performance-relaled conditions have been mel. Where grants received are prior to satisfying the revenue recognition criteria, they afe recognised as a Flnan¢ial instrumants A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of Ihe inslrument. -12-
THE JUNCTION: COMMUNITY RELATIONS AND PEACE BUILDING COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (contlnued) YEAR ENDED 31 MARCH 2024 Accounting policles (conllnuedj Flnan¢lal Instrumenls (ContInu) Basic financial inslrumenls are initially recognised at Ihe amount receivable or payable including any related transaction cosls. Current assets and current liabilities are subsequently measured at Ihe cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortlS8d cost. Where inveslmenls in shares are publicly iraded or their fair value can otherwise be measured reliably, the inveslmenl is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured al cosl less impairment, Other linancial instruments, including derivatives, are initially recognised at fair value, unless payment lor an asset is deferred beyond normal business terms or financed al a rate ol interest that is not a market rate, in which case the asset is measured at Ihe presenl value of the future paymenls discounted at a market rate of inleresl lor a similar debt instrument. Other financial instruments are subsequently measured al fair value. with any changes recognised in the slalement ol financial aclivilies, wilh the exception of hedging insirumenls in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence ot impairmenl al the end ol gach reporting dale. 11 there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities In which the initial gain was recognised. For all equity instrumenls regardless of significance. and other linancial assets that are individually significant, these are assessed individually lor impairment. Olher financial assets are either assessed individually or grouped on Ihe basis of similar credit risk characteristics. Any reversals ol impairment are recognlsed immediately, lo the extent that the reversal does not result in a carrying amounl of Ihe financial asset that exceeds what the carrying amount would have been had Ihe impairment not previously been recognised. Llmlted by guarantoo The company is limiied by guarantee and. therefore, there is no issued share capilal. 13-
THE JUNCTION: COMMUNITY RELATIONS AND PEACE BUILDING COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (¢0 nllnu•d) YEAR ENDED 31 MARCH 2024 Donatlons and legacles Unrestricted Funds Restricted Total Funds Funds 2024 GRANTS Community Relalions Council- Core Scheme CRC CRICD Department of Foreign Affairs Halifax Causeway Coast and Glens Borough Council The Ireland Fund 35,684 1,414 21,520 5,000 10,000 5,000 35,684 1.414 21,520 5,000 10,000 5.000 78,618 78,618 Unreslricled Funds Restricled Tolal Funds Funds 2023 GRANTS Community Relations Council Department ol Foreign Affairs and Trade DCSDC - Addressing ihe past to make way for the lulure Fermanagh Omagh District Council Ideas FundlBritish Science Associalionlwellcome 39.649 20,106 4,000 6,820 27,364 39,649 20,106 4,000 6,820 27,364 97,939 97,939 14-
THE JUNCTION: COMMUNITY RELATIONS AND PEACE BUILDING COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {ntInued) YEAR ENDED 31 MARCH 2024 Charilable acllvltles Unrestricted Total Funds Unrestricled Tolal Funds Funds 2024 Funds 2023 Sale of goodslservices as part of direct charitable activities 395 395 1.869 1,869 EXnd51ure on charltable acllvilies by fund type Restricled Tolal Funds Funds 2024 Restricled Total Funds Funds 2023 Wageslsalaries Facilitator lees General Project Costs Support Costs 46,966 46.966 28,436 11,750 36,610 22,842 28,436 11,750 36,610 22,842 44,893 27,053 44,893 27,053 118,912 118,912 99,638 99,638 Expendilure on charllable actlvities by activity type CRC (Core & Total funds Project) 2024 Wageslsalaries Facilitator Fees General projects costs Support Cosfs Wages and salaries Rent Insurance Accountancy fees Bank interest and charges Depreciation 46,966 46,966 44,893 44,893 15,835 8,280 1,151 1,260 93 434 15,835 8.280 1,151 1.260 93 434 118,912 118,912 -15-
THE JUNCTION: COMMUNITY RELATIONS AND PEACE BUILDING COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (Contlnued) YEAR ENDED 31 MARCH 2024 Expendltur• on charitable aclivilies by aclivily Iype (conllnued) CRC (Core & Total funds Project) 2023 Wageslsalaries Facililator Fees General projects costs Support Costs Wages and salaries Rent Insurance Accounlancy tees Bank inlerest and charges Depreciation 28,436 11,750 36,610 28,436 11,750 36,610 11,742 8,280 1,068 1,200 118 434 11.742 8,280 1,068 1,200 118 434 99,638 99,638 Staff costs The total staff costs and employee benelils for Ihe reporting period are analysed as lollows.. 2024 2023 Wages and salaries 62,801 40,178 The average head count ol employees during ihe year was 2 (2023: 3). The average number ol full-lime equivalent employees during the year is analysed as follows.. 2024 No. 2023 No. Number ol staff No employee received employee beneflts of more than £60,000 during the year12023'. Nill. 10. Trustee remuneratlon and expenses No remuneralion or olher benefits from employment with the charity or a relaled enlity were received by the trustees. -16-
THE JUNCTION: COMMUNITY RELATIONS AND PEACE BUILDING COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2024 11. Tangible fixed assels Equipment Cosl At 1 April 2023 Additions 6,832 Al 31 March 2024 6,832 Depreclatlon At 1 April 2023 Charge lor th8 year Al 31 March 2024 5,098 433 5.531 Carrylng amounl Al 31 March 2024 1,301 Al 31 March 2023 1,734 12. Debtors 2024 2023 Other debtors 360 13. Creditors: amounts falllng due wlthln one year 2024 2023 Trade creditors Accruals and deferred income Social security and other taxes 1,200 1,200 2,661 1,200 3,861 17-
THE JUNCTION: COMMUNITY RELATIONS AND PEACE BUILDING COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (contlnued) YEAR ENDED 31 MARCH 2024 14. Analysis of charitable funds Unr•8trl¢led fund8 At 1 April 2023 Al Transfers 31 March 2024 Income Expendilure Unrestricted fund 66.847 395 67,242 Reslrlcled funds At 1 April 2023 At Transfers 31 March 2024 Income Expenditure Restricted Fund 45,657 78,618 118,912 5,363 -18-