Arena Church Charity No. 1052643 Trustees, Report and UThaudlted kcounts 31 Marth 2024
Arena Church Contents Pages 2to5 Trustees, Annual Report Independent Examiner's Report statement of Financial Activities Balance Sheet Statement of Cash flows io Note5 to the Accounts Ilto19 Detailed Statement of Financial Activities 20to22 Page I
Arena Church Trustees Annual Report The trustees present their report wlth the unaudlted financlal statements of the charity forthe year ended 31 March 2024. REFERENCE ANO ADMINISTRATIVE DETAILS Charlty No. 1052643 Prindpal Offl l Rutland Street Ilkeston Derbyshire DE7 80G Trustees The following trustees served during the year: T. Bailte J.W. Butcher N. Butcher P.N. PYE A. Richardson N.F. Slmpson K.P. THORPE Accountants AHBS Limited Naylor House Mundy Street ILKESTON Derbyshlre DE7 8DH Bankers HSBC 53 Nottin8ham Road Eastwood Nottingham NG16 3AE Solldtors Ben Bourne Ellis Fermor and Negus 2 Devonshire Avenue Beeston Nottingham NG9 18S OBJEcfivES AND ACTIVITIES Page 2
Arena Church Trustees Annual Report The objectives of the charity are to provide a place of worship where Christians can meet to share their faith, Increase their knowledge and broaden their commitment, and to be effective in the local community by providing services and facilities as appropriate. The main activity is the holding of Christian religious services and related activities each weekfor the benefit of Ilkeston, Belper, Nottingham and mansfield towns and the surrounding areas. The Trustees believe thatthe facilities and services that are offered to the public by the Arena Church make available acce55 to all, either as part of the congregation orthe local community and as such believe thatthe charity is of benefit to the whole community. The Trustees confirm that they have complied with their dutie5 under section 17 of the 2011 Charitie5 Act with regard to public benefit. ACHIEVEMENTS AND PERFORMANCE The structure of the Church continues to be dlrected by the Senior Pastorfs office guided by Campus Pastors and protected by the trustees. The last part of our Leadershlp foundatlon is found in external Mlnlstries and Ministers. The Trustees continue to work towards moving to a CIO (Charitable Incorporated Organisationl . The instigation of the new CIO had taken longer than hoped due to the delays with the transfer of assets. The Board has 7 members and also has 3 sub cornmittees set up for Remuneration, Budgets and Policies. A process for a more robust ski115 audit had been added to the annual cadence. The Board also added a further sub-committee with accountability to the Board- in the form of a Working Party with a focus on the financial reporting for each area within Arena. The Church's Safeguarding and Health and SafetyTeam grew through this year and a team was Put in place to support every building particularly with current Government guideline5. Each building has a designated leader In place who works with the Central office to ensure general maintenance and health and safety requirements are carried out. Page 3
Arena Church Trustees Annual Report VISION The Senior Pastorfs offlce On again cast the vislon for the year at the Annual General Meetlng in May and shared the outreach plan through the Legacy Givlng. Signlficant monies were pledged through the Legacy givlng . The Senior Pastots continued to encourage those who attend Arena to be involved in mission, in serving and in teams; to be part of a community that makes a difference. The word for 2023 was WE GET TO and much teaching around what this looks like as a follower of Jesus was shared at each Campus. The church continued to support our missionaries with regular financial support and additional gifts at Christmas time. The Christmas giveaway continued with hamper5, selection boxes and toys for children in need into the community. LEADERSHIP AND TRAINING The leadership and development of existing leaders and new emerglnE leaders was a key focus this year. The Arena Minlstry Sthool and Bible School continued in 2023 to train and equip not justthose attendingArena but available for wider churches also. Arena also continues to partner with those who attend the Movln8 Forward Events which run 34 times per annum to train, equlp. encourage and grow. CAMPUSES Ilkeston, Mansfield, Belper, Nottingham and The Hub Campuses all continued with the Vision to Go and Grow and Love and Serve the World. Whilst all Arena; each Campus having its own area of community OUtaCh. Ongoin8 relationships are also encouraged with local communlty groups. Arena contlnued to asslst and train those part of their partnership in Toulouse. The Seniors. Youth and Children's work all increased during this year with additional seniors events belng held at Ikeston and Mansfield Campuses. Both Groups and Students were also an area of growth and focus. Ministries and training continued to dlsciple and develop in many different areas. Growrth Track, Alpha, Midweek Clubs for children. Students, Seniors. Kids, Stay and Play. Care for a Coffee, Food 5UPPOrt to those in need. Shower Hour for some of the most needy in our communities and ministries into the local Seniors Homes. The church continued to serve its communities through Serye Day and increased giving at Easter and Christmas time. The Community programmes continued, increased and additional services added through the work of Care for a coffee. The Church, whilst employing a Central Offi team and staff at campuses. works with a significant number of volunteers in many areas around Arena. World Mlssions Arena Church continues to be a local church with a global outlook. Through faithful giving and prayer Arena Church is able to uphold and support their partners in other countries. FINANCIAL REVIEW At the year end, Arena Church had unrestrlcted funds totalling £628,188 and restricted fvnds totalling £45,329, having recelved income of £488,187 in the year and spent £642,775 during the year. Page 4
Arena Church Trustee5 Annual Report The Church's reserves consist of restricted funds and the Accumulated Fund as shown on the Balan Sheet. The aim is to have 2-3 months running costs available; the team are working towards putting firmer budgets in place, identify any area where we can increase income realistically and also restrict non-essential spending in order that this 'pot" can be built up. The trustees consider that there are no material uncertainties about the charities abilityto continue as a going concern. PLANS FOR FUTURE PERIODS To further increase the work of groups to help the majority of those who attend Arena to find a place where they can build relationships, find support and encouragement. To continue to build and develop leaders through the Leadership Development programme and see growth at every Campus and building. To continue to see growth through giving and the Legacy Fund to support the ongoing community initiatives for all campuses and their work locally. STRucfuRE, GOVERNANCE AND MANAGEMENT Arena Church is a Registered Charity Inumber 1052643) and is governed by a trust deed dated 10 April 2006. This is based on the model deed as adopted by Assemblies of God Incorporated for churche5 Within its denomination. The structure of the church continues to be directed by the Senior Pastor's office, guided by Campu5 Pastors and protected by the trustees. staternent of trustees. responslbllitles In relatlon to the financial statements The charity tfUStees are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities {Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguardlng the a55ets of the charity and hence taking reasonable steps for the preventlon and detectlon of fraud and other Srregularitie5. That the trustees are responsible forthe maintenance inte of information included on the company's website. Signed on behalf of the charity's trustees N.F. Slmpson Trustee 12 December 2024 K. THORPE Trustee 12 December 2024 Page S
Arena Church Independent Examiner5 Report Independent Examlner's Report to the trustees of Arena Church I report to the trustees on my examination of the financial statements of Arena Church for the year ended 31 March 2024. Responsibilities and basis of report As the charity's trustee5 you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 l*he Act.). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5){bl of the Act. Independent examlner's statement As the charity'5 gross income exceeded £250,000 your examlner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination by being a qualified mernber of CPAA. I have completed my examinatlon. I can confirm that no material matters have come to my attentSon in connection wlth the examinatlon giving me cause to belleve that In any materlal respect: the accounting records were not kept in respect of the charlty as requlred by section 130 of the Act; or • the financlal 5tstements do not accord wlth those records: or the financial ststements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charlties (Accounts and Report5) Regulations 2008 other than any requirement that the financial statements glve a 'true and fair, view which is not a matter considered as part of an independent exarnination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the flnan¢ial ststements to be reached. S.Robinson FCPA CPAA AHBS Limited Naylor House Mundy Street ILKESTON Derbyshlre DE7 8DH 12 December 2024 Page 10
Arena Church Statement of Finan¢lal Actlvlties forthe year ended 31 March 2024 Unrestricted funds 2024 Restricted funds Totsl funds Total funds 2024 2024 2023 Notes Income and endowments from: Donations and legacies Charitable activities Other trading activities Other 324,402 4,324 67,356 17,803 69,459 393,861 4,324 67,356 22,645 336.032 4,041 65,252 15,944 4.842 Total 413,885 74,301 488,186 421,269 Expendlture on: Charitable activities Other 175,883 392,770 8,51)0 65,621 184,383 458,391 59,495 390,915 Total 568,653 74,121 642,774 450,410 Net gains on investments Net expenditure Transfers between funds Net expendfture before other galns/(losses) (154,768) 180 1154,588} {29,141) (154,7681 180 (154,588) {29,141} Other gains and losses Net movement in funds {154,768) 180 (154,588) {29,141) Reconciliation of fund5: Total funds brought fonvard 782,956 45,149 828,lOS 857.246 Totsl funds carrled forward 628,188 45,329 673,517 828,105 Page 11
Arena Church Balance Sheet at 31 March 2024 2023 Charfty No. 1052643 2024 Fixed assets Tangible assets 12 865,447 865,447 876.900 876.900 Current assets Debtors Cash at bank and in hand 13 173.339 13.118 186,457 {47,935} 138,522 1,003.969 (330.452) 673,517 302.630 42,550 345,180 {51,619) 293,561 1,170.461 (342,356) 828,105 CredltOV5: Amount falling due within one year Net Current asset5 Total assets less current liablllties Credltors: Amounts falling due after more than one year Net assets exdudin8 penslon asset or Ilablllty Total net assets 14 15 673,517 828,105 The funds of the ¢harlty Restrfrted funds Restricted income funds 16 45,329 45,329 45.149 45,149 Unrestrlrted funds General funds Designated funds 16 627,420 768 782.188 768 628,188 782,956 Reserves 16 Total funds 673,517 828.105 Approved by the trustee5 on 12 December 2 And signed on thelr behalf by: N.F SIMPSON Trustee 12 December 2024 K. THORP Trustee 12 Decernber 2024 Page 12
Arena Church Statement of Cash flows for the year ended 31 March 2024 2024 2023 Cash flows from operating actlvities Net expendlture per Statement of Finan¢ial Actlvlties 1154,5881 {29,1411 Adjustments for: Depreciation of property, plant and equipment Dividends, interest and rents from investments Decrease/llncreasel in trade and other receivables Decrease in trade and other payables 11,453 122,6451 129,291 (3,6841 9,917 {15,944) 18,546) {10,506) Net cash used In operating activitles 140,1731 {54,2201 Cash flows from investing artivltles Dlvidends, interest and rents from investments 22,645 15.944 Net cash from investlng actlvlties 22,645 15,944 Cash flows from financlng artlvltles Repayment of borrowings 111,9041 (15,1931 Net cash used In financlng activitles 111,9041 (15.193) Net decrease In cash and cash equlvalents 129,4321 {53,4691 Cash and cash equivalent5 at the beginning of the year 42,550 96,021 Cash and cash equlvalents at the end of the year 13,118 42,552 Components of cash and ¢ash equivalents Cash and bank balances 13,118 42,550 13,118 42,550 Page 13
Arena Church Notes to the A¢¢ounts for the year ended 31 March 2024 l Atcountln8 pollcles Ba51s of preparation The financial statements have been prepared in accordance with Statement of Recomrnended Practlce: Accounting and Reporting by Charities preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102} issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. Change In basis of accountin8 or to previous accounts There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. Fund accountlng Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestrlcted funds earmarked by the trustees for particular purposes. These are unrestricted funds which Include a revaluation reserve representing the restatement of Investment assets at thelr market values. These are avallable for use subject to restrlctions tmposed by the donor or through terms of an appeal. Designated funds Revaluatlon funds Restrlcted funds Income Recognltion of income Income Is included in the Statement of Financial Activitles {SoFAI when the charity becomes entltled to, and virtually certaln to recelve, the income and the amount of the income can be measured with sufficlent rellability. Income with related Where income has related expenditure the Income and related expenditure is expenditure reported gross in the SOFA. Donation5 and leEacie5 Voluntary income received by way of Erants, donations and gift5 is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaim5 is included in the SOFA at the same time as the donations and gifts giftldonation to which it relates. Donated services These are only included in income {with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any 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 resultlng from revaluing investments to rnarket value revaluatlon of fixed at the end of the year. assets Galns/(losses) on investment assets This includes any gain or loss on the sale of investments. Page 14
Arena chUh Notes to the Accounts Expendlture Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its artivities and charitable actlvities services in the furtherance of its objects, including the making of grants and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/lndependent examination fees, costs linked to the strategic management of the Charlty, together with a share of other admlnistration costs. These are support costs not allocated to a particular activity. Grants payable Governance costs Other expenditure Taxation The charity is exempt from tax on its charitable activities. Tangible fixed assets and depreclatlon Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Office & Computer Equipment Fixtures, Fittings and Equipment No depreciation is charged on land and buildings as the restdual value is believed to be higher that historical cost. Leeming Street Improvements to be written off over a 10 year period commencing 01.04.2015- straight line. 25% reducing balance 15% reducing balance Freehold investment property Investment propertles are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Ststement of Financial Activltles as they arise. Stocks Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which 15 the amount the charity would have been willin8 to pay for the items on the open market. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Page 15
Areha Church Notes to the Accounts Cash and cash equlvalents Cash and cash equlvalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial posltion, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash mana8ement. Trade and other creditors Short term creditors are measured at the transaction price. Other creditors and provision5 are recoEnised where the charity has a present abllgation resulting from a past event that wlll probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated rellably. Creditors and provisions are normally recogni5ed at their settlement amount after allowing for any trade discounts due. Research and development Expenditure on research and development is written off in the year In which It is incurred, Forel8n ¢urrencles Monetary assets and liabilitles denominated in currencies other than the functlonal currency of the charlty are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencles other than the functional currency of the charlty are recorded at the rate of exchange on the date that the transactlon occurred. All exchange differences are are taken Into account in arrlvln8 at net income/expenditure, Leased assets Where the charity enters into a lease which entails taklng substsntially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under flnance leases are Initially reco8nlsed as assets of the charity at their fair value at the Inception of the lease or, if lower, at the presentvalue of the minimum lease payrnents. The correspondlng liability to the lessor is included in the balance sheet date as a flnance lease obligation. Lease payments are apportloned between finance expenses and reduction of the lease obllgation so as to achleve a constant rate of Interest on the remaining balance of the liability. Finance expenses are recognlsed Immediately, unless they are directly attributable to quallfying assets, in which case they are capltalised in accordance wlth the charity's policy on borrowlng costs. Assets held under finance leases are depreclated in the same way as owned asset5. Operating lease payments are recognised as an expense on a straight-llne basls over the lease term. In the event that lease incentlves are recelved to enter into operating leases, such Incentives are reco8nised as a Ilabllity. The aggregate benefit of incentlves is recognised as a reduction of rental expense on a stralght-line basls. Penslon costs The charity operates a defined contribution plan for its employees. A deflned contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contrlbutions are recognised as expenses when they fall due, Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds. Page 16
Arena Church Note5 to the Accounts Recelpt of donated goods, facllities and servlces All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. 2 Statement of Financial Artivitles- prlor year Unrestricted fund5 2023 Restricted funds Total funds 2023 2023 Income and endowments from: Donations and legacies Charitable activities Other trading activities Other 280,244 4,041 65,252 15,944 55,788 336,032 4,041 65,252 15,944 Total 365,481 55,788 421,269 Expendlture on: Charitable activitles 366,488 83,922 450,410 Total 366,488 83,922 450,410 Net Income (1,0071 (28,134) 129,141 Net income before other 8ains/{losses) Other gains and losses: Net movement in funds (1,007) (28,134) 129,141 11,0071 (28,134) 129,141) Reconclliation of fund5: Total funds brought forward Trtal funds carried forward 783,963 73,283 857,246 782,956 45,149 828,105 3 Inwme from donation5 and legacles Unrestricted Restricted Total Total 2023 2024 Offerings and Gift Aid Gifts and Special Offerings Arena Legacv 321,588 2,814 180 321,768 2,814 69,279 393,861 279,234 2,925 53,873 336,032 69,279 69,459 324,402 4 Incomefrom charltable actlvltles Unrestricted Total Totsl 2024 2023 Events 994 994 1,120 2,921 4,041 Rental income 3,330 4,324 3,330 4,324 Page 17
Arena Church Notes to the Accounts 5 Income from other tradlng activltles Unrestricted Total 2024 Total Z023 Room Hire Management Charges Arena Community 62,004 62,004 61,946 5,352 5.352 3,306 67,356 67,356 65,252 6 Other Income Unrestrlctsd Restrlrted Total 2024 Total 2023 17,803 17,803 4,842 4,842 22.645 22,645 15,944 15,944 7 Expenditure on tharitable activities Unrestrfrted Restrlcted Total Total 2023 2024 Expenditure on chorltoble activities Events 52,396 123,487 8,500 60,896 123.487 49,793 9,702 Gifts & Sponsorship Governonce costs 175,883 8.500 184,383 59,495 8 Other expenditure Unre5trlcted Restricted Total 2024 Total 2023 Bank loan and overdraft interest payable Employee costs Motor and travel costs Premise5 COSt5 Amortisation, depreciation, impairmenL profitlloss on disposal of fixed assets General administrative costs Legal and professional costs 28,774 28,774 18,721 123,120 5.989 69,599 30,780 153,900 5,989 86.957 136,020 5,347 92,057 17,358 11,455 11,455 9.917 99,066 54,767 392,770 99.066 72,250 458,391 56,861 71,992 390,91S 17,483 65,621 Page 18
Arena Church Notes to the Attounts 9 Net expenditure before transfers 2024 2023 This is stated after charging: Depreciation of owned fixed assets 10 Trustee remuneration and expenses One or more of the trustees has been paid remuneration in the current or prlor periods. 11,455 9,917 11 Staff costs 2024 151,978 871 2023 134,924 300 796 136,020 Salaries and wages Social security Costs Pension costs 1,051 153,900 No employee received emoluments in excess of £60,000. 12 Tangible fixed a55ets Office & Computer Equlpment Land and bulldln85 Fixtures, FSttin8s and Equlpment Total Cost or revaluation At l April 2023 At 31 March 2024 Depreciatlon and impairment At l April 2023 Depreciation charge for the year At 31 March 2024 Net book values At 31 March 2024 At 31 March 2023 13 Debtors 872,710 872,710 8,700 8,700 64,107 64,107 945,517 945,517 19,642 8,700 40.275 68,617 2,758 8,695 11.453 22,400 8,700 48,970 80,070 850,310 853,068 15,137 23,832 865,447 876,900 2024 2023 Trade debtors other debtors Prepayments and accrued income 7,776 154,639 10,924 173,339 11,342 276,627 14,661 302,630 Page 19
Arena Church Note5 to the Accounts 14 Creditors: amounts falllng due within one year 2024 2023 Bank loans and overdrafts Other taxes and social security Other creditors Accruals 29,708 788 9.062 8.377 47.935 29,708 1.370 11,185 9.356 51,619 15 Credltors: amounts falling due after more than one year 2024 2023 Bank loans and overdrafts 330,452 330,452 342,356 342,356 16 Movement In funds Incomlng resources (including other At l Aprfl galns/losses 2023 At31 Marth 2024 Resources expended Restricted funds: Restrl¢ted Income funds: Oliva's Fund Arena Legacy Mundy Street 1,241 180 74,121 1,421 {74,121) 43,908 43,908 Total 45,149 74,301 (74,121) 45.329 Unrestrlrted lunds: General funds 782,188 413,885 (568,653) 627,420 Desl8nated funds: 768 768 768 Totol 768 Total funds 828,105 488,186 (642,774) 673,517 Purposes and restrictions in relation to the funds.. Restrlcted funds: Ollva's Fund Arena Legacy Mundy Street Help children in need To develop the churches activities in the communlty Mundy Street buildlng renovation fund Page 20
Ana Church Notes to the Accounts 17 Analysis of net assets between funds Unrestrlrted funds Restrlrted funds Total Fixed assets 865,447 127,598 865,447 138,522 Net current assets Creditors due in more than one year and provisions 10,924 (330,452) 1330,4521 662,593 10,924 673,517 18 Reconciliation of net debt At31 March 2024 At l Aprll 2023 Cash flows Cash and cash equivalents 42,550 42,550 (29,432) (29,432} 13,118 13,118 Bank loans {372,0641 (372,064) 11,904 11,904 1360,160} {360,1601 Net debt (329,514) {17,528) 1347,042) 19 Commitments Operoting lease tommitments Annual commitments under non-cancellable operating leases a as follows: 2024 Land and buildings 2024 2023 Land and bulldings 2023 Other Other Operating leases with expiry date: Penslon CommitnntS 2024 2023 The pension cost charge to the charlty amounted to: 1,051 796 Page 21
Arena Church Notes to the Accounts 20 Related party disclosures 2024 2023 Transartlons with relatedpartles Name of related party Arena Community Description of relationship between the parties Description of tran5Clrtion and general omounts involved Amount duefrom/(toJ the related party Name of related porty The Project Ilkeston Ltd Descnptlon of relotion5hip between the parties Descn'ption of tronsaction and general omounts involved Amount due from/(toJ the related party Turner Consultants Ltd - Julie Tumer Charity subsidiary of Arena Church Intercompany Account 154.639 239,692 A wholly owned subsidiary Intercompany Account 38.553 37,053 Nome of related party Description of relationship between the parties Description of transaction and general omounts involved Amount duefrom/(toJ the relotedparty Grace (GB) Ltd - Kristian Thorpe person of signlficant control consultancy services (13,2091 (12,060) Nome of related party De5CriPtion of relationship between the parties Descriptlon of tronSGCtion and general amounts invofved Amount duefrom/(to} the reloted porty mlnlster & trustee consultancy & expenses (43,992) (35,540 Page 22
Arena Church Detailed Statement of Financlal Actlvlties for the year ended 31 Mar¢h 2024 Unrestricte d funds 2024 Restricted funds Total fvnds Total funds 2024 2024 2023 Income and endowments from: Donations and legacies Offerings and Gift Aid Gifts and Special Offerings Arena Legacy 321,588 2.814 180 321,768 2,814 69,279 393,861 279,234 2,925 53,873 336,032 69,279 69,459 324.402 Charitable activities Events Rental income 994 994 1,120 2,921 4,041 3,330 4,324 3,330 4,324 Other trading activities Roorn Hire Management Charges Arena Communlty 62,004 62,OD4 61,946 5,352 5,352 3,306 67,356 67,356 65,252 Other 17,803 17,803 4,842 4,842 22,645 22,645 15,944 15,944 Total Income and endowments 413,885 74,301 488,186 421,269 Expenditure on: Charitable activities Events Gifts & Sponsorship 52,396 123,487 175,883 8,5(Kl 60,896 123.487 184,383 49,793 9,702 59,495 8,500 Totsl of expenditure on charitable actlvltles 175.883 8,500 184.383 59,495 Other expenditure Bank loan and overdraft interest payable 28.774 28,774 18,721 28.774 28,774 18,721 Employee costs Salaries/wages Employer's NIC Pension costs 121,198 871 30,780 151,978 871 1,051 153,900 134,924 300 1,051 123,120 796 30,780 136,020 Motor and travel costs Vehicles - Fuel Vehicles - Insurance and licences 297 297 30 1,280 1,280 1,354 Page 23
Arena Church Detailed Statement of Flnanclal Actlvities Vehicles- Repairs and maintenance Travel and subsistence 79 79 210 4,333 5,989 3,753 5,347 5.989 Premises costs Rent 37,380 5.756 19,784 5.639 37,380 5.756 26.379 5,639 25.200 1.856 15.780 Rates LighL heat and power Prernises cleaning Premises repair5 and maintenance 6.595 10.763 11,803 49.221 69.599 17,358 86.957 92.057 General administrative costs, including depreciation and amortisation Depreciation of land and buildlngs Depreclation of Office & Computer Equipment Depreciation of Fixtures, Fittings and Equipment Bad debts Bank charges Exchange rate (gain}1105s General insurances Postage and couriers Software, IT support and related costs Stationery and printing Sundry expenses Telephone. fax and broadband 2,758 2,758 2.489 2,175 8,697 8,697 5,253 38,435 800 422 12,223 298 38,435 800 422 12,223 298 1,252 14.032 251 2.051 2,051 4,184 8,972 32,234 3,631 110.521 8.972 32.234 3.631 110.521 9.581 23,509 4,052 66.778 Legal and professional costs Audit/lndependent examination fees Consultancy fees Other legal and professional osts 1.200 1.200 1.170 52.449 17.483 69,932 69,427 1.118 1,118 1,395 54,767 17,483 72,250 458,391 642,774 71,992 Total of expenditure of other (osts Total expenditure Net gains on investments 392,770 65,621 390,915 568,653 74.121 450,410 (154,7681 (154,588) {29,141) Net expenditure Page 24
Arena Church Detalled Statement of Financial Activitles Net expenditure before other 8ains/llosses) Other Gains {154,7681 180 (154,5881 {29,141) Net movement In funds {154,7681 180 (154,5881 {29,141) Reconciliation of funds: Total funds brought forward 782,956 45,149 828,105 857,246 Total funds carrled forward 628,188 45,329 673,517 828,105 Page 25