JUNCTION POINT CIC

Company limited by guarantee

Company Registration Number:
13813089 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

JUNCTION POINT CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

JUNCTION POINT CIC

Balance sheet

As at 31 March 2024

Notes 2024 15 months to 31 March 2023


£

£
Current assets
Debtors: 3 330 700
Cash at bank and in hand: 11,097 8,881
Total current assets: 11,427 9,581
Creditors: amounts falling due within one year: 4 ( 7,136 ) ( 6,500 )
Net current assets (liabilities): 4,291 3,081
Total assets less current liabilities: 4,291 3,081
Total net assets (liabilities): 4,291 3,081
Members' funds
Profit and loss account: 4,291 3,081
Total members' funds: 4,291 3,081

The notes form part of these financial statements

JUNCTION POINT CIC

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 17 October 2024
and signed on behalf of the board by:

Name: Kate Duffy
Status: Director

The notes form part of these financial statements

JUNCTION POINT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

JUNCTION POINT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 15 months to 31 March 2023
    Average number of employees during the period 3 1

JUNCTION POINT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Debtors

2024 15 months to 31 March 2023
£ £
Prepayments and accrued income 330 700
Total 330 700

JUNCTION POINT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

2024 15 months to 31 March 2023
£ £
Taxation and social security 1,136
Accruals and deferred income 1,500
Other creditors 6,000 5,000
Total 7,136 6,500

COMMUNITY INTEREST ANNUAL REPORT

JUNCTION POINT CIC

Company Number: 13813089 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

Junction Point was founded upon the belief that, with the right support, individuals and organisations can change the world. This year, we are proud to have expanded our support offer beyond Newcastle and Gateshead to include South Tyneside, North Tyneside and Northumberland. This includes both inspirational support for budding changemakers as well as business development activities to support existing changemakers. Key highlights include supporting: - Junction Point CIC won the contract to deliver the North Tyneside Business Factory Social Enterprise offer. Between Oct 23-March 24, we’ve supporting 8 social enter-prises to grow their revenue and 8 pre-start social entrepreneurs to explore their ideas through accessing 12hrs bespoke support. - 28ppl have accessed ‘Business with Purpose,’ a 12 hour training programme for pre-start social entrepreneurs across Gateshead, Newcastle, North Tyneside and North-umberland. This project is being delivered in partnership with the North East Enter-prise Agency Ltd (NEEAL), with Junction Point CIC leading on the majority of pre-start support. - 24 free 1-hour appointments have been delivered to BIPC clients interested in pur-pose-led support, an additional 8 SMEs have accessed 12hrs funded support from Junction Point CIC. - 9 residents have been supported to lead on their own Social Action project 'Around the doors' 2023, engaging with around 100 community members and school children to boost aspirations in their local area through the use of vision boards, artistic map-ping and building affirmations for the future. - 12ppl participated in our Social Finance roundtable discussions on behalf of VONNE in Newcastle & North Tyneside to feed into the development of a local fund headed up by NTCA. - 20ppl have supported a research partnership between Junction Point CIC and Durham University Business School to explore ‘Accountability & Social Impact’ - 80ppl accessed our Art with Purpose programme designed to encourage more artists to use their skills for good. This has resulted in 7 new local partnerships between VCSE organisations and artists and a new active Facebook group encouraging more people to join in. - 80ppl attended the Social Enterprise Day 2023 celebrations at Northern Stage. This event is growing each year with more opportunities to grow in 2024. - ‘Getting Grant Ready’ half day workshops have been delivered to 67 participants across Newcastle, Gateshead, South Tyneside, North Tyneside and Northumberland on behalf of BIPC. We are booked to complete the suite in Sunderland in 2024. - 40ppl accessed our pilot project ‘Paddling With Purpose’ where we showcased local wellbeing social enterprises and charities by putting on a ‘pamper’ day for local changemakers. - 10ppl attended our Theory of Change training session, delivered on behalf of PNE and the Social Enterprise Boost programme. - We have also provided Independent Evaluation support to a local CIO as part of their Heritage Lottery Funded project. This allows us to demonstrate best practice and showcase the brilliant work of local VCSE organisations.

Consultation with stakeholders

Junction Point CIC’s stakeholders include individuals with a passion to make a difference as well as organisations who are already working towards a more positive future. Organisations include charities, social enterprises and purpose-led businesses. At a local level, we continue to build our network of strategic partners including VONNE, NEPO, NTCA, Newcastle University, Durham University, Northumbria University, Newcastle City Council, NEEAL and North East LEP to champion the role of social action and the social economy. At a National level, Junction Point CIC is remains an active member of the National SEUK Places group as a representative of Newcastle. This year Junction Point CIC has collected stakeholder feedback into it’s services ahead of conducting a Theory of Change review in 2024-25 and a wider strategic review of operations. To date we have had 50 responses ranging from partners to participants. This will be used alongside our activity feedback which is collected and analysed throughout the year. All of our activities include a feedback loop ensuring constant consultation with our stakeholders. This allows us to be responsive and make continuous improvements to services. This feedback has led us to explore new ways of delivering training materials to be more inclusive and accessible.

Directors' remuneration

The aggregate amount of emoluments paid to or received by directors in respect of qualifying services was £36000. There were no other transactions or arrangements in connection with the remuneration of Directors, or compensation for Director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
17 October 2024

And signed on behalf of the board by:
Name: Kate Duy
Status: Director