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 OUt￿aCh. 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
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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
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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.
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Arena chU￿h
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.
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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
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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
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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

A￿na 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 Commitn￿ntS
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