JUNCTION POINT CIC
JUNCTION POINT CIC
JUNCTION POINT CIC
Company limited by guarantee
Company Registration Number:
13813089 (England and Wales)
Unaudited statutory accounts for the year ended 31 March 2023
Period of accounts
Start date: 22 December 2021
End date: 31 March 2023
JUNCTION POINT CIC
Contents of the Financial Statements
for the Period Ended 31 March 2023
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
JUNCTION POINT CIC
Balance sheet
As at
Notes | 15 months to 31 March 2023 | ||
---|---|---|---|
| £ | ||
Current assets | |||
Debtors: | 3 | | |
Cash at bank and in hand: | | ||
Total current assets: | | ||
Creditors: amounts falling due within one year: | 4 | ( | |
Net current assets (liabilities): | | ||
Total assets less current liabilities: | | ||
Total net assets (liabilities): | | ||
Members' funds | |||
Profit and loss account: | | ||
Total members' funds: | |
The notes form part of these financial statements
JUNCTION POINT CIC
Balance sheet statements
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
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
JUNCTION POINT CIC
Notes to the Financial Statements
for the Period Ended 31 March 2023
-
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 2023
-
2. Employees
15 months to 31 March 2023 Average number of employees during the period 1
JUNCTION POINT CIC
Notes to the Financial Statements
for the Period Ended 31 March 2023
3. Debtors
15 months to 31 March 2023 | ||
---|---|---|
£ | ||
Prepayments and accrued income | | |
Other debtors | | |
Total | |
JUNCTION POINT CIC
Notes to the Financial Statements
for the Period Ended 31 March 2023
4. Creditors: amounts falling due within one year note
15 months to 31 March 2023 | ||
---|---|---|
£ | ||
Accruals and deferred income | | |
Other creditors | | |
Total | |
COMMUNITY INTEREST ANNUAL REPORT
JUNCTION POINT CIC
Company Number: 13813089 (England and Wales)
Year Ending: 31 March 2023
Junction Point was founded upon the belief that, with the right support, individuals and organisations can change the world. Originally set up as a sole tradership in 2018, Junction Point has five years of experience supporting changemakers to make the world a better place. Key highlights include supporting:65 individuals through Passion to Paycheque (Newcastle CLLD Grant funding)15 people through Wellbeing in the workplace (free online course)100 people through The Changemakers Conference 202235 people at Gateshead Business Breakfast (BIPC North East sponsored)25 organisations under Keep Going, Keep Growing (Contracted through Reviving the heart of the West End)50 people through Social Enterprise Day 22 (BIPC and Talbot Jones insurance company sponsorship)20 individuals under ‘Taking Action Gateshead’ (Reviving the Heart of the West End and LA6 ESF funding)15 organisations and 25 individuals through ‘Sustainable Income, Sustainable Impact’ (Children and Families Newcastle, NTCA funded)20 female entrepreneurs through ‘Women Making Waves’ (CLLD Grant funding through Durham County Council)35 people through Experts in Residence Programme NE (BIPC)and countless private clients!In December 2021 Junction Point registered as a CIC limited by Guarantee. Whilst some activities remain under Junction Point Consultancy Ltd (shares), our aim is to move all activities into the CIC when contractually possible to do so. Since becoming a community interest company, Junction Point CIC has:Provided individuals with the opportunity, knowledge and practical skills to make a positive difference in the world:Working with Reviving the Heart of the West End, Junction Point CIC supported a group of individuals in Gateshead to explore social action through accessing seed funding and trailing their ideas.The Social Enterprise Day event welcomed a range of individuals and organisations to make meaningful connections to make a positive difference.Our online learning portal where changemakers can upskill has been trialled this year.Built capacity within the existing Charity, Social Enterprise and Purpose-led business sectors:Working with North of Tyne Combined Authority’s Good Work Pledge, we have added value to the ‘ethical supply chains’ pillar by encouraging businesses to consider using social enterprises within their supply chains. Working in partnership with Connected Voice and PNE, we have supported Newcastle to achieve Social Enterprise HotSpot status from SEUK.We partnered with NEPO and Newcastle City Council to deliver a free training session on becoming procurement ready for existing organisations across the North East.Championed good practice approaches through specialist consultancy:Won a contract to conduct an independent evaluation of a grant funded project on behalf of Success4All CIO.Won a contract to support Even Better CIC to develop a strategic and business plan for a community wellbeing project.Supported the development and submission of a bid to Innovate UK on behalf of a new Social VentureThrough our ‘Experts in Residence’ status with the BIPC, we provided between 1-12 hours consultancy to over 35 existing North East-based organisations.
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 City Council and North East LEP to champion the role of social action and the social economy. At a National level, Junction Point CIC is now an active member of the National SEUK Places group as a representative of Newcastle. This year Junction Point CIC led a partnership consultation with Connected Voice and PNE to better understand the current status of the Newcastle social enterprise sector. This work resulted in the development of a shared action plan for the sector. It also formed part of the successful application to see Newcastle recognised as a Social Enterprise Hot Spot by SEUK. The partnership of 10 organisations are now taking practical steps to achieving the targets on the action plan. 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.
The aggregate amount of emoluments paid to or received by directors in respect of qualifying services was £1,200.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.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
18 April 2023
And signed on behalf of the board by:
Name: K Duffy
Status: Director