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





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|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<br>funds|||||||
|Net expenditure<br>before other<br>gains/(losses)|||(59,029)|4,135|(54,894)|(8,342)|
|Other gains|and losses||||||
|Net movement<br>in funds|||(59,029)|4,135|(54,894)|(8,342)|
|Reconciliation<br>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|





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|||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<br>and|charges For|||
|impairment<br>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)|





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|at 31March 20|23|23||||
|---|---|---|---|---|---|
|Company<br>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<br>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<br>funds|||15|||
|General funds||||(74,804)|(25,562)|
|Designated<br>funds||||27,161|36,948|
|||||(47,643)|11,386|
|Reserves|||15|||
|Totalfunds||||(35,871)|19,023|





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|Republic ofIreland<br>(FRS102)and the Companies<br>Act 2006.|Republic ofIreland<br>(FRS102)and the Companies<br>Act 2006.|Republic ofIreland<br>(FRS102)and the Companies<br>Act 2006.|Republic ofIreland<br>(FRS102)and the Companies<br>Act 2006.|||||||
|---|---|---|---|---|---|---|---|---|---|
|Change in basis ofaccounting orto previous accounts||||||||||
|There has been no change tothe accounting<br>policies (valuation<br>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<br>funds earmarked<br>by the trustees for particular<br>purposes.|||||||
|Revaluation||funds|These are unrestricted<br>funds which include<br>a revaluation|reserve representing|||||the|
||||restatement<br>ofinvestment<br>assets at their market values.|||||||
|Restricted funds|||These are available for use subject to restrictions<br>imposed||by the donor|or|through|||
||||terms ofan appeal.|||||||
|Income||||||||||
|Recognition||of|Income is included<br>in the Statement ofFinancial Activities|(SoFA) when the|||charity|||
|income|||becomes entitled to, and virtually<br>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<br>gross in the SoFA.|||||||
|Donations|and||Voluntary<br>income received<br>by way of grants, donations<br>and gifts is included||||in||the|
|legacies|||the SoFA when receivable and<br>only when the Charity has|unconditional||||||
||||entitlement<br>tothe income.|||||||
|Tax reclaims||on|Income from tax reclaims is included<br>in the SoFA atthe same time asthe|||||||
|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 is not included<br>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<br>from revaluing<br>investments<br>to market|||||value||
|revaluation||offixed|atthe end ofthe year.|||||||
|assets||||||||||
|Gains/(losses)<br>on|||This includes<br>any gain or loss on the sale ofinvestments.|||||||
|investment||assets||||||||





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|The company<br>is a priva<br>3<br>Statement ofFinancial|te company<br>limited<br>by <br> Activities -prior year|guarantee<br>and consequently<br>doe|s not have sha|re capital.|
|---|---|---|---|---|
|||Unrestricted|Restricted||
|||funds|funds|Total funds|
|||2022|2022|2022|
|Income and endowments|from:||||
|Donations<br>and legacies||44,145|5,347|49,492|
|Charitable<br>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<br>on:|||||
|Raising funds||596||596|
|Charitable<br>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<br>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|





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||||||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|



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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
||Community<br>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,<br>depreciation,|||||||
||impairment,<br>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<br>before transfers|||||||
||||||2023||2022|
||This is stated after charging:||||E||E|
||Depreciation<br>ofowned|fixed assets|||26,473||28,781|
||Independent<br>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<br>received|emoluments||in excess off60,000.||||





|10|Tangible fixe|d assets||||||
|---|---|---|---|---|---|---|---|
|||||Plant and||||
||||Land and<br>buildings|Office<br>Equipment|Fixtures and<br>Fittings|Motor<br>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<br>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<br>in more than five years|||
|after the|balance sheet date|||
|Amount|repayable<br>by instalments|177,777|157,023|
|||177,777|157,023|



## 



|||||Incoming|||
|---|---|---|---|---|---|---|
|||||resources|||
||||At 1April|(including<br>other<br>gains/losses|Resources<br>expended|At31<br>March<br>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<br>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)|





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|16|Analysis|ofnet assets|between<br>funds||||||
|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted||
|||||||funds|funds|Total|
|||||||f|||
||Fixed assets|||||295,539||295,539|
||Net current assets|||||81,731|10,677|92,408|
||Creditors <br>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<br>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<br>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<br>between the parties||Ordinary|Shareholder||||
|Amount due from/(to)|the|related party|||83,806|71,730|
|Controlling<br>party|||||||





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||||Unrestricte|Restricted|||
|---|---|---|---|---|---|---|
||||dfunds|funds|Total funds|Total funds|
||||2023|2023|2023|2022|
||||f|f|f|E|
|Income and endowments||from:|||||
|Donations<br>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<br>activities|||||||
|Community<br>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<br>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<br>on:|||||||
|Charitable<br>activities|||||||
|Community<br>Projects|||5,273|4,290|9,563|10,830|
||||5,273|4,290|9,563|10,830|
|Total ofexpenditure<br>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<br>maintenance|||65||65||
|Travel and subsistence|||1,188||1,188||





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|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<br>maintenance|||12,881||12,881|22,255|
|Other premises costs|||3,635||3,635||
||||124,215||124,215|135,167|
|General administrative||costs,|||||
|including<br>depreciation||and|||||
|amortisation|||||||
|Depreciation<br>of land <br>buildings|and||25,241||25,241|27,195|
|Depreciation<br>of Plant <br>Equipment||and Office|652||652|861|
|Depreciation<br>ofFixtures and|||||||
|Fittings|||||||
|Depreciation<br>ofMotor Vehicle|||580||580|725|
|Bank charges|||1,591||1,591|1,129|
|General insurances|||17,355||17,355|16,602|
|Information<br>and publications|||439||439||
|Postage and couriers|||12||12||
|Software,<br>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,<br>fax and|broadband||1,678||1,678|1,500|
||||51,462|1,375|52,837|49,697|
|Legal and professional||costs|||||
|Audit/Independent<br>fees|examination||1,416||1,416||
|Accountancy<br>and bookkeeping|||3,306||3,306|1,560|
|Consultancy<br>fees|||30,094||30,094|28,565|
|Other legal and professional<br>costs|||2,864||2,864|3,701|
||||37,680||37,680|33,826|
|Total ofexpenditure<br>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)|



## 



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|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|