|||Pages|
|---|---|---|
|Trustees' Annual<br>Report||2to5|
|Independent<br>Examiner's|Report||
|Statement of Financial Activities|||
|Balance Sheet|||
|Notes tothe Accounts||9to 18|
|Detailed Statement ofFinancial Activities||19to21|





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|Statement ofFinancial Activit<br>forthe year ended 31March|ies<br> 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<br>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<br>on:||||||
|Charitable<br>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<br>before other gains/(losses)||(1,007)|(28,134)|(29,141)|29,699|
|Other gains and losses||||||
|Losses on revaluation<br>of|||||(24,729)|
|fixed assets||||||
|Net movement<br>in funds||(1,007)|(28,134)|(29,141)|4,970|
|Reconciliation offunds:||||||
|Total funds brought<br>forward||783,963|73,283|857,246|.852,276|
|Total funds carried forward||782,956|45,149|828,105|857,246|





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|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<br>funds earmarked<br>bythe trustees||for particular|||purposes,||||
|Revaluation||funds|These are unrestricted<br>funds which include a revaluation|||reserve representing|||||the|
||||restatement<br>ofinvestment<br>assets at their market values.|||||||||
|Restricted|funds||These are available for usa subject to restrictions<br>imposed||||by the donor||or|through||
||||terms ofan appeal.|||||||||
|Income||||||||||||
|Recognition||of|Income is included<br>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<br>with sufficient reliability.|||||||||
|Income with||related|Where income has related expenditure<br>the income and|related expenditure|||||||is|
|expenditure|||reported gross in the SoFA,|||||||||
|Donations|and||Voluntary<br>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<br>in the SoFAatthe|same time as the||||||||
|donations|and gifts||gift/donation<br>to which it relates.|||||||||
|Donated services|||These are only included<br>In income (with an equivalent<br>amount<br>in expenditure)|||||||||
|and facilities|||where the benefit tothe Charity is reasonably<br>quantifiable,||||measurable||and|||
||||material.|||||||||
|Volunteer|help||The value ofany volunteer<br>help received<br>Is not included||in||the accounts.|||||
|Investment||income|This is included<br>in the accounts when receivable.|||||||||
|Gains/(losses)<br>on|||This includes any gain or loss resulting from revaluing<br>investments<br>to market||||||||value|
|revaluation||offixed|atthe end ofthe year.|||||||||
|assets||||||||||||
|Gains/(losses)<br>on|||This Includes any gain or loss on the sale ofinvestments.|||||||||
|investment||assets||||||||||





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|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<br>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|





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|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<br>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<br>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|



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|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<br>fee|||1,200|1,170|
|9|Trustee remuneration<br>and||expenses||||
||One or more|ofthe trustees||has been paid remuneration|in the current or prior periods.||



||One or more|ofthe trustees<br>has be|en paid remuneration<br>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<br>buildings|Computer<br>Equipment|Fittings and<br>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|





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||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|





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|||||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<br>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|





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|||||||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<br>with related parties|||||6||
|Name ofrelated party|Arena Community||||||
|Description ofreiotionship<br>between<br>the parties|Charity subsidiary ofArena Church||||||
|Description oftransaction|||||||
|ond general amounts|Intercompany||Account||||
|involved|||||||
|Amount duefrom/(to)<br>the related party|||||239,692|240,129|
|Name ofrelated porty|The Project|Ilkeston||Ltd|||
|Description<br>ofrelationship<br>between<br>the parties|A wholly owned subsidiary||||||
|Description oftransaction|||||||
|and general amounts|Intercompany||Account||||
|involved|||||||
|Amount due from/(to)<br>the|related party||||37,053|37,053|
|Name ofrelated party|Turner Consultants|||Ltd - Julie Turner|||
|Description ofrelationship<br>between the parties|person ofsignificant|||control|||
|Description oftransaction|||||||
|and general amounts|consultancy|services|||||
|involved|||||||
|Amount due from/(to)<br>the|related party||||(12,060)|(12,060)|
|hlame ofrelated party|Grace (GB)Ltd||- Kristlan Thorpe||||
|Description ofrelationship<br>between<br>the parties|minister &trustee||||||
|Description oftransaction|||||||
|and general amounts|consultancy<br>&||expenses||||
|involved|||||||
|Amount due from/(to) the related party|||||(35,540)|(30,000)|





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|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<br>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<br>Charges <br>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<br>on:||||||||
|Charitable<br>activities||||||||
|Events||||49,260|10,235|59,495|66,599|
|||||49,260|10,235|59,495|66,599|
|Total ofexpenditure<br>activities|on charitable|||49,260|10,235|59,495|66,599|
|Other expenditure||||||||
|Bank loan and overdraft <br>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<br>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||||||||





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|Arena Church<br>Detailed Statement ofFinancial Activities|Arena Church<br>Detailed Statement ofFinancial Activities|Arena Church<br>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 <br>Computer<br>Equipment||Ik|2,175||2,175|2,175|
|Depreciation<br>ofFixtures, Fittings<br>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<br>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<br>examination<br>fees|||1,170||1,170|2,460|
|Consultancy<br>fees|||61,225|8,202|69,427|68'S51|
|Other legal and professional<br>costs|||1,395||1,395|2,110|
||||63,790|8,202|71,992|73,121|
|Total afexpenditure<br>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<br>other gains/(losses)||before|(1,007)|(28,134)|(29,141)|29,699|
|Other recognised<br>gains and lasses|||||||
|Losses on revaluation|offixed||||||
|assets||||||(24,729)|
|Other Gains|||||||





|Net movement<br>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|