2023-03-31-accounts - Arena Community

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		Pages
Trustees' Annua I Report		2toS
Independent Examiner's Report
Statement ofFinancial Activities
Summary Income and Expenditure	Account
Balance Sheet		9to10
Notes to the Accounts		11to21
Detailed Statement of Financial Activities		22to 24

forthe year	ended 31March 2	023
			Unrestricted	Restricted
			funds	funds	Total funds	Total funds
			2023	2023	2023	2022
		Notes	f	f	E
Income and	endowments
from:
Donations	and legacies		30,229	9,800	40,029	49,492
Charitable	activities		231,559		231,559	246,333
Other			44,366		44,366	99,277
Total			306,154	9,800	315,954	395,102
Expenditure	on:
Charitable	activities		365,183	5,665	370,848	403,444
Total			365,183	5,665	370,848	403,444
Net gains on	investments
Net expenditure			(59,029)	4,135	(54,894)	(8,342)
Transfers between funds
Net expenditure before other gains/(losses)			(59,029)	4,135	(54,894)	(8,342)
Other gains	and losses
Net movement in funds			(59,029)	4,135	(54,894)	(8,342)
Reconciliation offunds:
Total funds brought forward			11,386	7,637	19,023	27,365
Total funds carried forward			(47,643)	11,772	(35,871)	19,023

		2023	2022
			f
income		315,954	395,102
Gross income forthe year		315,954	395,102
Expenditure		335,176	366,016
Interest payable		9,199	9,647
Depreciation and	charges For
impairment offixed assets		26,473	27,781
Total expenditure	forthe year	370,848	403,444
Net expenditure	before tax forthe year	(54,894)	(8,342)
Net expenditure	forthe year	(54,894)	(8,342)

at 31March 20	23	23
Company No.	05116407		Notes	2023	2022
				f	f
Fixed assets
Tangible assets			10	295,539	322,012
Investments			11
				295,539	322,012
Current assets
Debtors			12	109,240	100,653
Cash at bank	and	in hand		10,677	38,642
				119,917	139,295
Creditors: Amount falling due within one year			13	(27,509)	(45,132)
Net current assets				92,408	94,163
Total assets less	current liabilities			387,947	416,175
Creditors: Amounts		falling due after more than one year	14	(423,818)	(397,152)
Net (liabiTities)/assets excluding pension asset or liability				(35,871)	19,023
Total net (liabilities)/assets				(35,871)	19,023
The funds ofthe	charity
Restricted funds			15
Restricted income funds				11.772	7,637
				11,772	7,637
Unrestricted funds			15
General funds				(74,804)	(25,562)
Designated funds				27,161	36,948
				(47,643)	11,386
Reserves			15
Totalfunds				(35,871)	19,023

Republic ofIreland (FRS102)and the Companies Act 2006.	Republic ofIreland (FRS102)and the Companies Act 2006.	Republic ofIreland (FRS102)and the Companies Act 2006.	Republic ofIreland (FRS102)and the Companies Act 2006.
Change in basis ofaccounting orto previous accounts
There has been no change tothe accounting policies (valuation rules and method					ofaccounting)		since
last year and		no changes 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 by the 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 use subject to restrictions imposed		by the donor	or	through
			terms ofan appeal.
Income
Recognition		of	Income is included in the Statement ofFinancial Activities	(SoFA) when the			charity
income			becomes entitled to, and virtually 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 of grants, donations and gifts is included				in		the
legacies			the SoFA when receivable and only when the Charity has	unconditional
			entitlement tothe income.
Tax reclaims		on	Income from tax reclaims is included in the SoFA atthe same time asthe
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

The company is a priva 3 Statement ofFinancial	te company limited by Activities -prior year	guarantee and consequently doe	s not have sha	re capital.
		Unrestricted	Restricted
		funds	funds	Total funds
		2022	2022	2022
Income and endowments	from:
Donations and legacies		44,145	5,347	49,492
Charitable activities		237,198	9,135	246,333
Other trading activities		51,357		51,357
Other		47,920		47,920
Total		380,620	14,482	395,102
Expenditure on:
Raising funds		596		596
Charitable activities		383,281	19,567	402,848
Total		383,877	19,567	403,444
Net income		(3,257)	(5,085)	(8,342)
Net income before other
gains/(losses)		(3,257)	(5,085)	(8,342)
Other gains and losses:
Net movement in funds		(3,257)	(5,085)	(8,342)
Reconciliation offunds:
Total funds brought forward		(22,305)	49,670	27,365
Total funds carded forward		(25,562)	44,585	19,023

					Unrestricted	Restricted	Total	Total
							2023	2022
	Gifts from	Arena Church			9,428		9,428	7,373
	Donations	IEGeneral Gifts			18,206	9,800	28,006	39,108
	1000Club				2,595		2,595	3,011
					30,229	9,800	40,029	49,492
	Donated goods, facilities			and services	received
							Total	Tota!
							2023	2022
							f	E
	Gifts from	Arena Church					7,902	7.373
	Donations	5General Gifts					28,006	39,108
	1000Club						2,595	3,011
							38,503	49,492
5	Income from		charitable	activities
						Unrestricted	Total	Total
							2023	2022
	Community	Projects				122,907	122,907	106,608
	Housing Benefit					100,652	100,652	127,447
	Grants					8,000	8,000	12,278
						231,559	231,559	246,333
6	Other income
						Unrestricted	Total	Total
							2023	2022
	Intercompany		Loan					45,188
	Otherincome					44,366	44,366	51,357
	Furlough							2.732
						44,366	44,366	99,277

				Unrestricted	Restricted	Total	Total
						2023	2022
	Community Projects			5,273	4,290	9,563	10,830
	Bank loan and overdraft
	interest payable			9,199		9,199	9,647
	Employee costs			132,860		132,860	157,752
	Motor and travel costs			4,494		4,494	6,525
	Premises costs			124,215		124,215	135,167
	Amortisation, depreciation,
	impairment, profit/loss		on	26,473		26,473	28,781
	disposal offixed assets
	General administrative		costs	24,989	1,375	26,364	20,916
	Legal and professional	costs		37,680		37,680	33,826
				365,183	5,665	370,848	403,444
8	Net expenditure before transfers
					2023		2022
	This is stated after charging:				E		E
	Depreciation ofowned	fixed assets			26,473		28,781
	Independent Examiner's		fee		1,416		1,560
9	Staff costs
					2023		2022
	Salaries and wages				131,725		153,979
	Pension costs				1,135		1,200
					132,860		155,179
	No employee received	emoluments		in excess off60,000.

10	Tangible fixe	d assets
				Plant and
			Land and buildings	Office Equipment	Fixtures and Fittings	Motor Vehicle	Total
				f
	Cost or revaluation
	At 1April 2022		487,765	13,803	8,750	10,923	521,241
	At31March	2023	487,765	13,803	8,750	10,923	521,241
	Depreciation	and
	impairment
	At 1April 2022		172,061	10,395	8,750	8,023	199,229
	Depreciation year	charge forthe	25,241	652		580	26,473
	At31March	2023	197,302	11,047	8,750	8,603	225,702
	Net book values
	At31March	2023	290,463	2,756		2,320	295,539
	At31March	2022	315,704	3,408		2,900	322,012
11	Investments

								Capital and
								reserves at	Profit/(loss
					Country of			end ofthe	) forthe
					incorporation	Class of	Fg age of	relevant	relevant
	Name of	company			(ifnot UK)	shares held	shares held	year	year
							so	f	f
	The Project llkeston			Limited	England	Ordinary	100	(83,806)	(16,696)
12	Debtors
							2023		2022
							E		f
	Trade debtors						1,139		9,586
	Amounts	owed by group undertakings					83,806		71,730
	Other debtors						260		780
	Prepayments		and accrued income				24,035		18,557
							109,240		100,653

amounts	falling due within one year
		2023	2022
		f	f
Bank loans and overdrafts		386	13,984
Trade creditors		17,898	20,733
Other taxes and social security		(198)	347
Accruals		9,423	10,068
		27,509	43,132
The bank	holds a fixed and floating charge over the property at Leeming Street, Mansfield		dated 16April
2013.
Creditors:
amounts	falling due after more than one year
		2023	2022
			f
Bank loans and overdrafts		184,126	157,023
Amounts	owed to group undertakings	239,692	240,129
		423,818	397,152
Liabilities	repayable in more than five years
after the	balance sheet date
Amount	repayable by instalments	177,777	157,023
		177,777	157,023

				Incoming
				resources
			At 1April	(including other gains/losses	Resources expended	At31 March 2023
			2022	)
				F.
Restricted	funds:
Restricted	income funds:
Mansfield	Food Club		1,262	1,425	(1,686)	1,001
Feeding Britain			2,085	2,000	(810)	3,275
Mansfield	Housing	Needs	1,000			1,000
Mansfield	Christmas			1,375	(1,375)
Care 4Coffee			355			355
Flourish Garden			2,935			2,935
Project Renovation				5,000	(1,794)	3,206
Total			7,637	9,800	(5,665)	11,772
Unrestdicted funds:
General funds			(25,562)	306,154	(355,396)	(74,804)
Designated	funds:
Woolworths			36,948		(9,787)	27,161
Total			36,948		(9,787)	27,161
Totalfunds			19,023	315,954	(370,848)	(35,871)

16	Analysis	ofnet assets	between funds
						Unrestricted	Restricted
						funds	funds	Total
						f
	Fixed assets					295,539		295,539
	Net current assets					81,731	10,677	92,408
	Creditors provisions	due in more	than one year and			(423,818)		(423,818)
						(46,548)	10,677	(35,871)
17	Reconciliation ofnet		debt
								At31
						At 1April		March
						2022	Cash flows	2023
						f	f	f
	Cash and	cash equivalents				38,642	(27,965)	10,677
						38,642	(27,965)	10,677
	Bankloans					(171,007)	(13,119)	(184,126)
						(171,007)	(13,119)	(184,126)
	Net debt					(132,365)	(41,084)	(173,449)
18	Commitments
	Operating	tease commitments
	Annual commitments		under non-cancellable	operating	leases	are as follows:
					2023	2023	2022	2022
				Land	and		Land and
						Other		Other
				buildings			buildings
					f		f.
	Operating	leases with	expiry date:
	Pension commitments
						2023		2022
						f		f
	The pension cost charge tothe company
	amounted	to:				1,135		1,200

Related party disclosu	res
					2023	2022
Transactions with related		parties			f
Name ofrelated party		Arena Church
Amount due from/(to)	the	related party			(239,692)	(240,129)
Name ofrelated party		The Project llkeston		Limited
Description ofrelationship between the parties		Ordinary	Shareholder
Amount due from/(to)	the	related party			83,806	71,730
Controlling party

			Unrestricte	Restricted
			dfunds	funds	Total funds	Total funds
			2023	2023	2023	2022
			f	f	f	E
Income and endowments		from:
Donations and legacies
Gifts from Arena Church			9,428		9,428	7373
Donations &General	Gifts		18,206	9,800	28,006	39,108
1000Club			2,595		2,595	3,011
			30,229	9,800	40,029	49,492
Charitable activities
Community Projects			122,907		122,907	106,608
Housing Benefit			100,652		100,652	127,447
Grants			8,000		8,000	12,278
			231,559		231,559	246,333
Other
Intercompany Loan						45,188
Otherincome			44,366		44,366	51,357
Furlough						2,732
			44,366		44,366	99,277
Total income and endowments			306,154	9,800	315,954	395,102
Expenditure on:
Charitable activities
Community Projects			5,273	4,290	9,563	10,830
			5,273	4,290	9,563	10,830
Total ofexpenditure activities	on charitable		5,273	4,290	9,563	10,830
Other expenditure
Bank loan and overdraft		interest
payable			9,199		9,199	9,647
			9,199		9,199	9,647
Employee costs
Salaries/wages			131,725		131,725	153,979
Pension costs			1,135		1,135	1,200
Stafftraining						2,573
			132,860		132,860	157,752
Motor and travel costs
Vehicles - General costs			135		135	6,525
Vehicles - Fuel			1,310		1,310
Vehicles - Insurance	and	licences	1,796		1,796
Vehicles - Repairs and maintenance			65		65
Travel and subsistence			1,188		1,188

ARENA COMMUNITY
Detailed Statement of	Financial Activities
			4,494		4,494	6,525
Premises costs
Rent			63,105		63,105	75,426
Rates			13,361		13,361	5,762
Light, heat and power			27,279		27,279	27,260
Premises cleaning			3,954		3,954	4,464
Premises repairs and maintenance			12,881		12,881	22,255
Other premises costs			3,635		3,635
			124,215		124,215	135,167
General administrative		costs,
including depreciation		and
amortisation
Depreciation of land buildings	and		25,241		25,241	27,195
Depreciation of Plant Equipment		and Office	652		652	861
Depreciation ofFixtures and
Fittings
Depreciation ofMotor Vehicle			580		580	725
Bank charges			1,591		1,591	1,129
General insurances			17,355		17,355	16,602
Information and publications			439		439
Postage and couriers			12		12
Software, ITsupport	and related		22		22
costs
Stationery and printing			807		807	1,685
Subscriptions			2,006		2,006
Sundry expenses			1,079	1,375	2,454
Telephone, fax and	broadband		1,678		1,678	1,500
			51,462	1,375	52,837	49,697
Legal and professional		costs
Audit/Independent fees	examination		1,416		1,416
Accountancy and bookkeeping			3,306		3,306	1,560
Consultancy fees			30,094		30,094	28,565
Other legal and professional costs			2,864		2,864	3,701
			37,680		37,680	33,826
Total ofexpenditure of		other costs	359,910	1,375	361,285	392,614
Total expenditure			365,183	5,665	370,848	403,444
Net gains on investments
			(59,029)	4,135	(54,894)	(8,342)

Detailed Statem	ent ofFinancial Activities
Net expenditure	before other
gains/(losses)		(59,029)	4,135	(54,894)	(8,342)
Other 6ains
Net movement	in funds	(59,029)	4,135	(54,894)	(8,342)
Reconciliation	offunds:
Total funds brought forward		11,386	7,637	19,023	27,365
Total funds carried forward		(47,643)	11,772	(35,871)	19,023