| Pages | ||
|---|---|---|
| Trustees' Annual Report |
2to5 | |
| Independent Examiner's |
Report | |
| Statement of Financial Activities | ||
| Balance Sheet | ||
| Notes tothe Accounts | 9to 18 | |
| Detailed Statement ofFinancial Activities | 19to21 |
| Statement ofFinancial Activit forthe year ended 31March |
ies 2023 |
||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| 2023 | 2023 | 2023 | 2022 | ||
| Notes | E | E | E | 6 | |
| Income and endowments | |||||
| from: | |||||
| Donations and legacies | 280,244 | 55,788 | 336,032 | 370,412 | |
| Charitable activities |
4,041 | 4,041 | 3,931 | ||
| Other trading activities | 65,252 | 65,252 | 29,436 | ||
| Other | 15,944 | 15,944 | 13,111 | ||
| Total | 365,481 | 55,788 | 421,269 | 416,890 | |
| Expenditure on: |
|||||
| Charitable activities |
366,488 | 83,922 | 450,410 | 387,191 | |
| Total | 366,488 | 83,922 | 450,410 | 387,191 | |
| Net gains on investments | |||||
| Net (expenditure)/income | (1,007) | (28,134) | (29,141) | 29,699 | |
| Transfers between funds | |||||
| Net (expenditure)/income before other gains/(losses) |
(1,007) | (28,134) | (29,141) | 29,699 | |
| Other gains and losses | |||||
| Losses on revaluation of |
(24,729) | ||||
| fixed assets | |||||
| Net movement in funds |
(1,007) | (28,134) | (29,141) | 4,970 | |
| Reconciliation offunds: | |||||
| Total funds brought forward |
783,963 | 73,283 | 857,246 | .852,276 | |
| Total funds carried forward | 782,956 | 45,149 | 828,105 | 857,246 |
| last year and no chan | last year and no chan | last year and no chan | ges have been made to accounts for previous years. | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund accounting | |||||||||||
| Unrestricted | funds | These are available for use atthe discretion ofthe trustees | in furtherance | of | the | ||||||
| general objects ofthe charity. | |||||||||||
| Designated | funds | These are unrestricted funds earmarked bythe trustees |
for particular | purposes, | |||||||
| Revaluation | funds | These are unrestricted funds which include a revaluation |
reserve representing | the | |||||||
| restatement ofinvestment assets at their market values. |
|||||||||||
| Restricted | funds | These are available for usa subject to restrictions imposed |
by the donor | or | through | ||||||
| terms ofan appeal. | |||||||||||
| Income | |||||||||||
| Recognition | of | Income is included in the Statement of Financial Activities |
(SoFA) when | the | charity | ||||||
| income | becomes entitled to, and viitualiy certain to receive, the | income and the amount of | |||||||||
| the income can be measured with sufficient reliability. |
|||||||||||
| Income with | related | Where income has related expenditure the income and |
related expenditure | is | |||||||
| expenditure | reported gross in the SoFA, | ||||||||||
| Donations | and | Voluntary income received by way ofgrants, donations |
and gifts is included | in the | |||||||
| legacies | the SoFAwhen receivable and only when the Charity has | unconditional | entitlement | ||||||||
| tothe income. | |||||||||||
| Tax reclaims | on | Income from tax reclaims is Included in the SoFAatthe |
same time as the | ||||||||
| donations | and gifts | gift/donation to which it relates. |
|||||||||
| Donated services | These are only included In income (with an equivalent amount in expenditure) |
||||||||||
| and facilities | where the benefit tothe Charity is reasonably quantifiable, |
measurable | and | ||||||||
| material. | |||||||||||
| Volunteer | help | The value ofany volunteer help received Is not included |
in | the accounts. | |||||||
| Investment | income | This is included in the accounts when receivable. |
|||||||||
| Gains/(losses) on |
This includes any gain or loss resulting from revaluing investments to market |
value | |||||||||
| revaluation | offixed | atthe end ofthe year. | |||||||||
| assets | |||||||||||
| Gains/(losses) on |
This Includes any gain or loss on the sale ofinvestments. | ||||||||||
| investment | assets |
| 2 | Statement | ofFinancial | Activities - prior y | ear | ||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||||
| funds | funds | Totalfunds | ||||||
| 2022 | 2022 | 2022 | ||||||
| Income and endowments | from: | |||||||
| Donations | and legacies | 296,672 | 73,740 | 370,412 | ||||
| Charitable | activities | 3,931 | 3,931 | |||||
| Other trading activities | 29,436 | 29,436 | ||||||
| Other | 13,111 | 13,111 | ||||||
| Total | 343,150 | 73,740 | 416,890 | |||||
| Expenditure | on: | |||||||
| Charitable | activities | 320,328 | 66,863 | 387,191 | ||||
| Other | 24,729 | 24,729 | ||||||
| Total | 345,057 | 66,863 | 411,920 | |||||
| Net | income | (1,907) | 6,877 | 4,970 | ||||
| Net | income before other | (1,907) | 6,877 | 4,970 | ||||
| gains/(losses) | ||||||||
| Other gains and losses: | ||||||||
| Net | movement in funds |
(1,907) | 6,877 | 4,970 | ||||
| Reconciliation offunds: | ||||||||
| Total funds brought forward | 785,870 | 66,406 | 852,276 | |||||
| Total funds carried forward | 783,963 | 73,283 | 857,246 | |||||
| 3 | Income from donations | and legacies | ||||||
| Unrestricted | Restricted | Total | Total | |||||
| 2023 | 2022 | |||||||
| E | ||||||||
| Offerings | and Gift Aid | 279,234 | 279,234 | 370,412 | ||||
| Gifts and | SpecialOfferings | 1,010 | 1,915 | 2,925 | ||||
| Arena Legacy | 53,873 | 53,873 | ||||||
| 280,244 | 55,788 | 336,032 | 370,412 |
| 4 | Income from | charitabl | e activities | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Total | ||||||
| 2023 | 2022 | |||||||
| Events | 1,120 | 1,120 | 3,931 | |||||
| Rental income | 2,921 | 2,921 | ||||||
| 4,041 | 4,041 | 3,931 | ||||||
| 5 | Income from | other trading activities | ||||||
| Unrestricted | Total | Total | ||||||
| 2023 | 2022 | |||||||
| Room Hire | 61,946 | 61,946 | 29,436 | |||||
| Management Community |
Charges | Arena | 3,306 | 3,306 | ||||
| 65,252 | 65,252 | 29,436 | ||||||
| 6 | Other Income | |||||||
| Unrestricted | Total | Total | ||||||
| 2023 | 2022 | |||||||
| 15,944 | 15,944 | 13,111 | ||||||
| 15,944 | 15,944 | 13,111 | ||||||
| 7 | Expenditure | on charitable activities | ||||||
| Unrestricted | Restricted | Total | Total | |||||
| 2023 | 2022 | |||||||
| Events | 49,260 | 10,235 | 59,495 | 66,599 | ||||
| Bank loan and overdraft interest payable |
18,721 | 18,721 | 11,933 | |||||
| Employee costs | 114,126 | 21,894 | 136,020 | 107,099 | ||||
| Motor and travel costs | 5,328 | 19 | 5,347 | 4,946 | ||||
| Premises costs | 49,156 | 42,901 | 92,057 | 79,254 | ||||
| Amortisatlon, | depreciation, | |||||||
| impairment, | profit/loss | on | 9,917 | 9,917 | 11,074 | |||
| disposal offixed assets | ||||||||
| General administrative | costs | 56,190 | 671 | 56,861 | 33,165 | |||
| Legal and professional | costs | 63,790 | 8,202 | 71,992 | 73.121 | |||
| 366,488 | 83,922 | 436,416 | 387,191 |
| 8 | Net (expenditure)/Income | Net (expenditure)/Income | before transfers | before transfers | ||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| This isstated | after charging: | E | ||||
| Depreciation | ofowned fixed | assets | 9,917 | 11,074 | ||
| Independent | Examiner's fee |
1,200 | 1,170 | |||
| 9 | Trustee remuneration and |
expenses | ||||
| One or more | ofthe trustees | has been paid remuneration | in the current or prior periods. |
| One or more | ofthe trustees has be |
en paid remuneration in th |
e current or prio | r periods. | ||
|---|---|---|---|---|---|---|
| Other | ||||||
| Trustee | Remuneration | Pension | benegts | |||
| T.Bailie | 10,359 | |||||
| P.N. PYE | 26,901 | |||||
| 10 | Staff costs | |||||
| 2023 | 2022 | |||||
| Salaries and wages | 134,924 | 101,181 | ||||
| Social security | costs | 300 | 5,417 | |||
| Pension costs | 796 | 501 | ||||
| 136,020 | 107,099 | |||||
| No employee | received emoluments | In excess ofE60,000. | ||||
| 11 | Tangible fixed assets | |||||
| Office & | Fixtures, | |||||
| Land and buildings |
Computer Equipment |
Fittings and Equipment |
Total | |||
| E | E | |||||
| Cost or revaluation | ||||||
| At 1April 2022 | 872,710 | 8,700 | 64,107 | 945,517 | ||
| At31March 2023 | 872,710 | 8,700 | 64,107 | 945,517 | ||
| Depreciation | and | |||||
| impairment | ||||||
| At1April 2022 | 17,154 | 6,525 | 35,023 | 58,702 | ||
| Depreciation | charge forthe | 2,489 | 2,175 | 5,253 | 9,917 | |
| year | ||||||
| Transfers | (2) | |||||
| At 31March 2023 | 19,642 | 8,700 | 40,275 | 68,617 | ||
| Net book values | ||||||
| At 31March 2023 | 853,068 | 23,832 | 876,900 | |||
| At 31March 2022 | 855,556 | 2,175 | 29,084 | 886,815 | ||
| 12 | Debtors | |||||
| 2023 | 2022 | |||||
| f | E | |||||
| Trade debtors | 11,342 | 16,902 | ||||
| Other debtors | 276,627 | 277,182 | ||||
| Prepayments | and accrued income | 14,661 | ||||
| 302,630 | 294,084 |
| amounts | falling due within one year | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| f | ||||
| Bank loans and overdrafts | 29,708 | 29,701 | ||
| Other taxes and social security | 1,370 | |||
| Other creditors | 11,185 | 32,417 | ||
| Accruals | 9,356 | |||
| 51,619 | 62,118 | |||
| 14 | Creditors: | |||
| amounts | falling due after more than one year | |||
| 2023 | 2022 | |||
| f | 6 | |||
| Bank loans and overdrafts | 342,356 | 357,556 | ||
| 342,356 | 357,556 |
| Incoming | ||||||
|---|---|---|---|---|---|---|
| resources | At31 | |||||
| (including | Resources | March | ||||
| other | expended | 2023 | ||||
| At 1April | galas/losses | |||||
| 2022 | ) | |||||
| f | ||||||
| Restricted funds: | ||||||
| Restricted income funds: | ||||||
| Olivia's Fund | 1,165 | 180 | (104) | 1,241 | ||
| Woman's Aid |
86 | (86) | ||||
| Mercy Fund | 1,735 | (1,735) | ||||
| Business Development | Gift | |||||
| Day | 500 | (500) | ||||
| Arena Legacy | 53,873 | (53,873) | ||||
| Mundy Street | 71,532 | (27'624) | 43,908 | |||
| Total | 73,283 | 55,788 | (83,922) | 45,149 | ||
| Unrestricted | funds: | |||||
| General funds | 783,195 | 365,481 | (366,488) | 782,188 | ||
| Designated | funds: | |||||
| 768 | 768 | |||||
| Total | 768 | 768 | ||||
| Total funds | 857,246 | 421,269 | (450,410) | 828,105 |
| Analysis ofnet assets between funds | |||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | funds | ||
| f | f | ||
| Fixed assets | 876,900 | 876,900 | |
| Net current assets | 278,900 | 14,661 | 293,561 |
| Creditors due in more than one year and | (342,356) | (342,356) | |
| provisions | 813,444 | 14,661 | 828,105 |
| At31 | ||||||
|---|---|---|---|---|---|---|
| At1April | March | |||||
| 2022 | Cash flows | 2023 | ||||
| f | ||||||
| Cash and cash equivalents | 96,021 | (53,471) | 42,550 | |||
| 96,021 | (53,471) | 42,550 | ||||
| Bankloans | (387,257) | 15,193 | (372,064) | |||
| (387,257) | 15,193 | (372,064) | ||||
| Net debt | (291,236) | (38,278) | (329,514) | |||
| Commitments | ||||||
| Operating | lease commitments | |||||
| Annual commitments | under non-cancellable | operating leases are asfollows: | ||||
| 2023 | 2023 | 2022 | 2022 | |||
| Land and | Other | Land and | Other | |||
| buildings | buildings | |||||
| f | g | |||||
| Operating | leases with | expiry date: | ||||
| Pension commitments | ||||||
| 2023 | 2022 | |||||
| 6 | f | |||||
| The pension cost charge to the charity | ||||||
| amounted | to: | 796 | 501 |
| Arena Church | ||||||
|---|---|---|---|---|---|---|
| Notes tothe Accounts | ||||||
| 19 Related party disclosures | ||||||
| 2023 | 2022 | |||||
| Tronsactions with related parties |
6 | |||||
| Name ofrelated party | Arena Community | |||||
| Description ofreiotionship between the parties |
Charity subsidiary ofArena Church | |||||
| Description oftransaction | ||||||
| ond general amounts | Intercompany | Account | ||||
| involved | ||||||
| Amount duefrom/(to) the related party |
239,692 | 240,129 | ||||
| Name ofrelated porty | The Project | Ilkeston | Ltd | |||
| Description ofrelationship between the parties |
A wholly owned subsidiary | |||||
| Description oftransaction | ||||||
| and general amounts | Intercompany | Account | ||||
| involved | ||||||
| Amount due from/(to) the |
related party | 37,053 | 37,053 | |||
| Name ofrelated party | Turner Consultants | Ltd - Julie Turner | ||||
| Description ofrelationship between the parties |
person ofsignificant | control | ||||
| Description oftransaction | ||||||
| and general amounts | consultancy | services | ||||
| involved | ||||||
| Amount due from/(to) the |
related party | (12,060) | (12,060) | |||
| hlame ofrelated party | Grace (GB)Ltd | - Kristlan Thorpe | ||||
| Description ofrelationship between the parties |
minister &trustee | |||||
| Description oftransaction | ||||||
| and general amounts | consultancy & |
expenses | ||||
| involved | ||||||
| Amount due from/(to) the related party | (35,540) | (30,000) |
| forthe year ended 3 | 1 | Mar | ch 2023 | ||||
|---|---|---|---|---|---|---|---|
| Unrestrlcte | Restricted | ||||||
| dfunds | funds | Total funds | Total funds | ||||
| 2023 | 2023 | 2023 | 2022 | ||||
| 6 | f | ||||||
| Income and endowments | from: | ||||||
| Donations and legacies | |||||||
| Offerings and Gift Aid | 279,234 | 279,234 | 370,412 | ||||
| Gifts and Special Offerings | 1,010 | 1,915 | 2,925 | ||||
| Arena Legacy | 53,873 | 53,873 | |||||
| 280,244 | 55,788 | 336,032 | 370,412 | ||||
| Charitable activities |
|||||||
| Events | 2,120 | 1,120 | 3,931 | ||||
| Rentalincome | 2,921 | 2,921 | |||||
| 4,041 | 4,041 | 3,931 | |||||
| Other trading activities | |||||||
| Room Hire | 61I946 | 61,946 | 29,436 | ||||
| Management Charges Community |
Arena | 3,306 | 3,306 | ||||
| 65,252 | 65,252 | 29,436 | |||||
| Other | |||||||
| 15,944 | 15,944 | 13,111 | |||||
| 15,944 | 15,944 | 13,111 | |||||
| Total income and endowments | 365,481 | 55,788 | 421,269 | 416,890 | |||
| Expenditure on: |
|||||||
| Charitable activities |
|||||||
| Events | 49,260 | 10,235 | 59,495 | 66,599 | |||
| 49,260 | 10,235 | 59,495 | 66,599 | ||||
| Total ofexpenditure activities |
on charitable | 49,260 | 10,235 | 59,495 | 66,599 | ||
| Other expenditure | |||||||
| Bank loan and overdraft payable |
interest | 18,721 | 18,721 | 11,933 | |||
| 18,721 | 18,721 | 11,933 | |||||
| Employee costs | |||||||
| Salaries/wages | 113,030 | 21,894 | 134,924 | 101,181 | |||
| Employer's NIC |
300 | 300 | 5,417 | ||||
| Pension costs | 796 | 796 | 501 | ||||
| 114,126 | 21,894 | 136,020 | 107,099 | ||||
| Motor and travel costs | |||||||
| Vehicles - Fuel | 30 | 30 | |||||
| Vehicles - Insurance | and | licences | 1,354 | 1,354 | |||
| Vehicles - Repairs and | 210 | 210 | |||||
| maintenance |
| Arena Church Detailed Statement ofFinancial Activities |
Arena Church Detailed Statement ofFinancial Activities |
Arena Church Detailed Statement ofFinancial Activities |
||||
|---|---|---|---|---|---|---|
| Travel and subsistence | 3,734 | 19 | 3,753 | 4,946 | ||
| 5,328 | 19 | 5,347 | 4,946 | |||
| Premises costs | ||||||
| Rent | 25p200 | 25,200 | 13,000 | |||
| Rates | 1,856 | 1,856 | 13,664 | |||
| Light, heat and power | 13,253 | 2,527 | 15,780 | 13,833 | ||
| Premises repairs and | ||||||
| maintenance | 8,847 | 40,374 | 49,221 | 38,757 | ||
| 49,156 | 42,901 | 92,057 | 79,254 | |||
| General administrative | costs, | |||||
| including depreciation | and | |||||
| amortisation | ||||||
| Depreciation of land | and | |||||
| buildings | 2,489 | 2,489 | 2,489 | |||
| Depreciation ofOffice Computer Equipment |
Ik | 2,175 | 2,175 | 2,175 | ||
| Depreciation ofFixtures, Fittings and Equipment |
5,253 | 5,253 | 6,410 | |||
| Bank charges | 1,252 | 1,252 | 1,080 | |||
| General insurances | 14,032 | 14,032 | 11,446 | |||
| Postage and couriers | 251 | 251 | 4,836 | |||
| Software, ITsupport costs |
and related | 4,184 | 4,184 | 4,939 | ||
| Stationery and printing | 9,581 | 9,581 | ||||
| Sundryexpenses | 22,838 | 671 | 23,509 | 8,791 | ||
| Telephone, fax and broadband | 4,052 | 4,052 | 2,073 | |||
| 66,107 | 671 | 66,778 | 44,239 | |||
| Legal and professional | costs | |||||
| Audit/Independent examination fees |
1,170 | 1,170 | 2,460 | |||
| Consultancy fees |
61,225 | 8,202 | 69,427 | 68'S51 | ||
| Other legal and professional costs |
1,395 | 1,395 | 2,110 | |||
| 63,790 | 8,202 | 71,992 | 73,121 | |||
| Total afexpenditure of |
other costs | 317,228 | 73,687 | 390,915 | 320,592 | |
| Total expenditure | 366,488 | 83,922 | 450,410 | 387,191 | ||
| Net gains on investments | ||||||
| Net (expenditure)/income | (1,007) | (28,134) | (29,141) | 29,699 | ||
| Net (expenditure)/income other gains/(losses) |
before | (1,007) | (28,134) | (29,141) | 29,699 | |
| Other recognised gains and lasses |
||||||
| Losses on revaluation | offixed | |||||
| assets | (24,729) | |||||
| Other Gains |
| Net movement in funds |
(1,007) | (28,134) | (29,141) | 4,970 |
|---|---|---|---|---|
| Reconciliation offunds: | ||||
| Total funds brought forward | 783,963 | 73,283 | 857,246 | 852,276 |
| Total funds carried forward | 782,956 | 45,149 | 828,105 | 857,246 |