ARENA COMMUNITY
Charity No. 1115569
Company No. 05116407
Trustees, Report and Unaudited Accounts
31 Mar¢h 2024

ARENA COMMUNITY
Contents
Pages
2to5
Trustees, Annual Report
Independent Examiner's Report
ststement of Financial Activities
Summary Income and Expenditure Account
Balance Sheet
9tolO
Statement of Cash flows
li
Notes to the Accounts
Detailed Statement of Financlal Activitles
12to20
21to23
Page I

ARENA COMMUNITY
Trustees Annual Report
The trustees, who are also directors of the Charity for the purposes of the Companies Act 2006,
present their report with the unaudited financial statements of the charity forthe year ended 31
March 2024.
REFERENCE AND ADMINisfRATIVE DEfAILS
Company No. 05116407
Charlty No. 1115569
Principal Offlce
l Rutland Street
Ilkeston
Derbyshire
DE7 8DG
Registered Office
Arena Church
Ilkeston
Rutland Street
DE7 8DG
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law.
The following Directors and Trustees served during the year:
A. Butcher
LJ, HARRISON
P.N. PYE
A. SIMPSON
R.W. TYE
(Resigned 24 April 2024)
Company Secretary
H.M. Turner
A¢￿UntantS
AHBS Limited
Naylor House
Mundy Street
ILKESTON
Derbyshire
DE7 8DH
Bankers
Natwest PIC
42 Bath Street
Ilkeston
Derbyshire
Page 2

ARENACOMMUNITY
Trustee5 Annual Report
DE7 8HF
So15¢itors
Mr Ben Bourne
Ellis Fermor & Negus
2 Devonshire Avenue
Beeston
Nottingham
NG9 IBS
OBJECTIVES AND AcfiviTIES
To develop the capacity and skills of the members of the socially and economically disadvantaged
communities around where they operate in Derbyshire and Nottinghamshire, in Such a way that they are
better able to identify, and meet, their needs and to participate more fully In society.
The purpose statement- to restore broken lives because everybody is somebody at Arena. The four focus
areas:_
To feed and provide resource for the disadvantaged, To provide quality housin8, To train, educate and
rehabilitate, To make the community liveable again.
ACHIEVEMENTS AND PERFORMANCE
We continue to see the world change at pace on a global level. This inevitably flows down to
impact local communities and this would certainly be our story. The changes in our nation-
economically, environmentally and socially all impact people and charitie5 like ours.
This past year has been a necessary and intentional year of consolidation and streamlining. Our
goal to help and serve our community continues to be our driver particularly as we engage with
people and families who face severe pressure and hardship. This hardship then impact5 them
in many other areas which includes housin& well being, family life and physical health. So it's
been important as a charity to cut costs where p055ible, streamline operationally so that we
fulfill the true vision to practically serve people.
The limited Staff team has been once again incredible in helping us serve IQOO'S of people this
year, Our volunteer team continues to grow and be strengthened and they show us how
important they are if we are to funrtion effectively. The management and trustee team5 work
with passion and diligence to create the necessary financial and operational strurture5 to
effectively function as a modern charity.
A5 a charity we look forward and we do so with optimism. Whilst the world continues with a
myriad of challenges, we as a charity are now even better positioned to face the nextfew year5
with a strong team, robust systems, a greater clarity and a confidence as we march forward with
our Mission is'to prartically love and serve our world".
Page 3

ARENA COMMLINrrY
Trustees Annual Report
CHRISTMAS There were many needs as always and we continue to serve our community with hampers,
selection boxes to local schools, toys to children in rbeed and practice ways of help where possible.
We ran kids activities durlng holiday times and Easter eggs were also given away to schools in the area.
FOODBANK/FOODCLUB
It has been another busy year with Communlty Outreach in Ilkeston. Food Bank and Food Club continues to
serve many on a weekly basis who are in need. We have good connections with local organi5ations such as
Social Services, Homestart and the local schools.
Our Care of a Coffee numbers increased at our Community work in Mansfield. The Food Club also continues
to grow and we have new members who are added on a weekly basis.
SUPPORTED LIVING ACCOMMODATION
Our support team consists of both paid staff and also a small volunteer team. The team ensures all tenants,
needs are met, offering them support in any area needed and assisting them to progress and achieve their
individual aims and ambitions. We also aim to offer sufficient help to those needing support in overcoming
addiction. In addition we encourage them as they develop skills needed to get back into employment and
establish themselves in their own home.
RETAIL OPERATION
Our two shops continue to operate and provide second hand clothing, furniture and some accessories at
affordable prices for our community. The team of staff continues to work hard at both shops to maximise
sales to produce a profit.
FUNDING
A team working togetherto apply for funding for various areas within Arena Community grew in this year.
FINANCIAL REVIEW
The attached financlal statements show the current state of the finances. The company had net incoming
resources during the year of £466,8541£315,954 at 31 March 2023).
It is the policy of the trustees to build up and maintain unrestricted reserves of £10,000.
The Board of Trustees consider the current state of the company's finances to be sound.
The aim is to have 2-3 months running costs avallable and the team are worklng towards putting firmer
budgets in place, identify any areas where we can increase income realistlcally and also restrict non-essential
spendlng in order that this'pot" can be built up.
The company's revenue general fund balance is a balance of (£103,677}1{£74,8041 at 31 March 2023>.
The reserves policy has not been met during the financial year, but we are taking steps to address this.
PLANS FOR FUTURE PERIODS
Page 4

ARENACOMMUNITY
Trustees Annual Report
To continue to focus on increasing sales at both shops to ensure profitability and ongoing viability of the
shops. To considerthe possibility of accommodation at the Leeming Street Building which could increase our
work with providing supported living accommodation.
Funding- to increase the team members and thus increase applications for funding and assist wlth the
community running cost5. To increase our Community influence at all Campuses.
STRucfuRE. GOVERNANCE AND MANAGEMENT
The organisation is a charitable company limited by guarantee, not having a share capital and having
obtained exemption under Section 60 of the Companies Act 2Q06 to dispense with the word limited as part
of the company name. The company was incorporated on 29 April 2004 and registered a5 a charity on 25 Julv
2006. The company was established under a Memorandum of Association, which established the objectives
and powers of the charitable company and is governed under its Articles of Association. In the event of the
company being wound Upi members are required to contribute an amount not ex￿edIng £1.
The directors of the company are also charity trustees for the purpose of Charity Law and underthe
company's Articles are known as members of the management committee. Under the requirements of the
Memorandum and Articles of Association, the members of the management committee are elected to serve
for a period of three years, after which they must be re-elected at the next Annual General Meeting.
Arena Community has a board of five trustees. They meet on a regular basis to review current issues and at
these meetings decisions concerning the running of the charity are made. A full record of all meetings is kept.
The Memorandum of Articles sets out the remuneratlon of trustees.
The Trustees are responslble for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial positlon of the charity and to enable them to ensure that the financlal ststements
comply with the Companies Act 2006. The Trustees are also responslble for safeguarding the a55ets of the
charity and hence taking reasonable steps forthe prevention and detection of fraud and other irregularitie5.
The trustees have examined the major strategic, business and operational risks which the charity fa￿5 and
confirm that systems have been established to enable regular reports to be produced so that the necessary
steps can be taken to lessen these risks.
The above report has been prepared in accordance with the provisions applicable to companies subject to
the small companies regime as Set out in Part 15 of the Companies Art 2006 and in accordance with the
Charities SORP IFRS 1021.
Signed on behalf of the board
A. SIMPSON
Trustee
12 December 2024
Page 5

ARENACOMMUNITY
Independent Examlners Report
Independent Examiner's Report to the trustees of ARENA COMMUNITY
I report to the charity trustees on my examination of the financlal statements of ARENA COMMUNITY for the
year ended 31 March 2024.
Responsibilities and basis of report
As the charity's trustees of the company {and also its directors for the purposes of company lawl you are
responsible for the preparation of the financial statements in accordance with the requirements of the
Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part
16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of
your charity's financial statements as carried out under section 145 of the Charities Act 2011 {*he 2011 Act'l.
In carrying out my examination I have followed the Directions given by the Charity Commission under section
14515) (bl of the 2011 Att.
Independent examlner's ststement
As the charity's 8ross 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 examinatlon because l am a
member of CPAA, which is one of the listed bodies.
I have completed my examination. I can confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe:
accounting records were not kept in accordance with section 386 of the 2006 Act , or
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements under section 396 of the 2006
Act other than any requirement that the financial statements give a 'true and fair, view which is not a
matter considered as part of an independent examination; or
the financial statements have not been prepared in accordance with the Methods and principles of the
ststement of Recommended Prartice for accounting and reporting by charities applicable to charities
preparing their accounts in accordance with the Financial Reporting Stand3rd applicable in the UK and
Republic of Ireland IFRS 1021.
I have no concerns and have come acr055 no other matters in connertion with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the financial
statements to be reached.
S.Robinson FCPA CPAA
AHBS Limited
Naylor House
Mundy Street
ILKESTON
Derbyshire
DE7 8DH
12 December 2024
Page 6

ARENACOMMUNITY
Statement of Financlal Activities
for the year ended 31 March 2024
Unrestricted
funds
2024
Restricted
funds Total fund5 Total funds
2024
2024
2023
Notes
Income and endawments
from:
Donations and legacies
Charitable activities
Other
176,037
233,807
57,009
176,037
233,807
57,009
40,029
231.559
44.366
Total
466,853
466,853
315,954
Expenditure on:
Charitable activities
Other
17,638
486,450
475
18,113
486,450
9,563
361,285
Total
504,088
475
504,563
370,848
Net gains on investments
Net expendlture
Transfers between fund5
Net expendlture before other
gains/{losses)
(37,2351
8,362
(4751
(8,3621
137,7101
154,894)
(28,873}
(8,837)
{37,7101
154,894)
Other galns and losses
Net movement in funds
128,873)
18,8371
{37.710}
(54,8941
Reconciliation of funds:
Total funds brought forward
147,643)
11,772
135,871)
19,023
Total funds carried forward
176,516)
2,935
173,581)
135,871
Page 7

ARENA COMMUNITY
Summary Income and Expenditure Account
for the year ended 31 March 2024
2024
2023
Income
466,853
315,954
Gross income for the year
466,853
315,954
Expenditure
456,144
335.176
Interest payable
11,675
9,199
Depreciation and charges for
impairment of fixed assets
36,744
26,473
Total expenditure for the year
Net expenditure before tax for the year
504,563
370,848
137,710)
{54,894}
Net expenditure for the year
137,710)
{54,894)
Page 8

ARENA COMMUNITY
Balance Sheet
at 31 Marth 2024
05116407
Company No.
Notes
2024
2023
Flxed assets
Tangible assets
Investments
11
12
262,552
295,S39
262,552
295,539
Current assets
Debtors
Cash at bank and in hand
13
27,400
3,422
30,822
{30,3471
475
109,240
10,677
119,917
{27,5091
92,408
387,947
1423,818)
(35,8711
Creditors: Amount falling due wlthin one year
Net current assets
14
Total assets less current liabllltles
Creditors: Amount5 falling due after more than one year
Net Ilabilities excluding penslon asset or Ilability
Total net Ilabilities
263,027
(336,6081
{73,5811
(73,5811
15
{35,8711
The funds of the charity
Restricted funds
Restricted income funds
16
2,935
2,935
11,772
11,772
Unrestrfcted funds
General funds
Designated funds
16
1103,6771
27,161
{74,804)
27,161
(76,5161
{47,6431
Reserves
16
Totsl funds
{73,5811
{35,8711
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies
Att 2006 relating to small companies.
Forthe year ended 31 March 2024 the company was entitled to exemption under section 477 of the
Companies Art 2006 relating to 5rn?11 companies.
The members have not required the company to obtain an audit in accordance with section 476 of the
Companies Art 2006.
The dirertors acknowledge their re5pon5ibilities for complying with the requirements of the Companies Act
2006 with respect to accounting records and the preparation of accounts.
Approved bythe board on 12 December 2024
And signed on its behalf by:
A. SIMPSON
Trustee
12 December 2024
Page 9

ARENA COMMUNITY
Statement of Cash flow5
for the year ended 31 March 2024
2024
2023
Cash Ilows from operating artivities
Net expenditure per Statement of Flnancial Activltles
(37,710}
{54,894)
Adjustments for:
Depreciation of property, plant and equlpment
Dividends, interest and rents from investments
Decrease/(Increase) in trade and other receivables
Decrease in trade and other payables
36,744
{57.0091
81,840
{82,9071
26,473
144,366)
{8,587)
{3.817)
Net cash used in operating artlvities
{59,0421
185,191)
Cash flows from investing artivltles
Payments for property, plant and equipment
Dividends, interest and rents from investments
13,7571
57,009
44,366
Net cash from investing activitles
53,252
44,366
Cash flows from financing acthilties
Repayment of borrowings
12,157)
12,881)
Net cash (used in}/from flnancing activities
12,157)
13,119
Net decrease in cash and cash equivalents
17,947)
(27,706)
Cash and cash equivalents at the beglnning of the year
10,291
38,642
Cash and cash equivalents at the end of the year
2,344
10,936
Components of cash and cash equivalents
Cash and bank balances
Bank overdrafts
3,422
11,078)
10,677
(386)
2,344
10,291
Page 10

ARENACOMMUNITY
Notes to the Accounts
for the year ended 31 March 2024
l Atcounting pollcles
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland l FRS 1021 (effective I
January 20151 (Charities SORP IFRS 1021), the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 102) and the Companies Act 2006.
Change in basis of accounting 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 accounting
Unrestricted funds These are available for use at the discretion of the trustee5 In furtherance of the
general objects of the charity.
These are unrestricted fund5 earmarked by the trustees for particular purposes.
These are unrestrlcted funds which include a revaluation reserve representing the
restatement of investment assets at their market values.
These are available for use subject to restrictions Imposed by the donor orthrough
term5 of an appeal.
Designated funds
Revaluation funds
Restricted funds
Income
Recognition of
income
Income is included in the Statement of Financial Attivities ISOFAI when the charity
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
legacie5
Voluntary income received by way of grant5, donations and gifts is included in the
the SOFA when receivable and only when the Charity has unconditional
entitlement to the income.
Tax reclaims on
Incame from tax reclaims is included in the SOFA at the same time as the
donations and gifts gift/donation to which it relate5.
Donated services
These ale only included in income (with an equivalent amount in expenditure)
and facilitie5
where the benefitto 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 15 included in the accounts when receivable.
Gains/llossesl on
This includes any gain or loss resulting from revaluing investments to market value
revaluation of fixed at the end of the year.
assets
Gains/{lossesl on
investment assets
This includes any gain or loss on the sale of investments.
Page 11

ARENA COMMUNITY
Notes to the Accounts
Expenditure
Recognition of
expenditure
Expenditure is recognised on an accruals basis. Expenditure includes anyVAT whlch
cannot be fully recovered, and is reported as part of the expenditure to whlch it
relates.
Expenditure on
These comprise the costs associated with attratting voluntary income, fundraising
raising funds
trading costs and investment management costs.
Expenditure on
These comprlse the costs incurred by the Charity in the delivery of Its attlvities and
charltable activities 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 meetlng the constitutional and statutory
requirements of the Charity, including any audit/independent examination fees,
costs linked to the strateglc management of the Charlty, together with a share of
other administration costs.
These are support costs not allocated to a partlcular activlty.
Grants payable
Governance costs
Other expenditure
Taxation
The charity is exempt from corporation tax on its charitable activities.
Tangible fixed assets and depreclatlon
Depreciation 15 provided at the following annual rates in order to write off each asset over its estimated
useful life:
Plant and Office Equipment 20%% reducing balance
Fixtures and Fittings
20%% reducing balance
Motor Vehicle
25%% of cost
No depreciation is charged on land and buildings as the residual value is believed to be
higher than historical cost.
Freehold Investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet
date and are not depreciated. All galns or losses are taken to the Statement of Flnancial Activities as they
arise.
Stock5
Stock is included at the lower of cost or net realisable value. Donated item5 of stock are recognised at fair
value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtor5
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 anytrade discounts due.
Page 12

ARENACOMMUNITY
Notes to the Accounts
Cash and cash equlvalents
Cash and cash equivalents 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 overdraft5.
In the statement of financial position, bank overdrafts are shown within borrowing5 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 management.
Trade and other credltors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised
where the charity has a present obligation resulting from a past event that will probably result in the
transfer of funds to a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors and provisions are normally recognised 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 15 incurred.
Foreign currencles
Monetary assets and liabilities denominated in currencies other than the functional currency of the
charity are translated at the rates of exchange prevailing atthe end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded atthe rate of
exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net in¢ome/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of
ownershlp of an asset, the lease is treated as a finance lease.
Leases whlch do not transfer substantially all the risks and rewards of ownershlp to charlty are classified
as operating leases.
Assets held under flnance leases are initially recognised as assets of the charity at their fair value at the
Inception of the lease or, if lower, at the present value of the rninlmum lease payments. The
corresponding liability to the lessor is included in the balance sheet date as a flnance lease obllgatlon.
Lease payrrents are apportioned between finance expenses and reduction of the lease obligation so as to
achieve a constant rate of interest on the remaining balance of the liability. Flnance expenses are
recognised immediately, unless they are dlrectly attributable to qualifying assets, in wh5ch case they are
capitallsed in accordance with the charlty's policy on borrowing costs.
Assets held under finance leases are depreciated In the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
In the event that lease incentives are received to enter into operating leases, such incentives are
recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental
expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a
pension plan under which the company pays fixed contributions into a separate entity. Once the
contributions have been paid the company has no further payments obligations, The contributions 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 company in independently administered fund5.
Page 13

ARENA COMMUNITY
Notes to the Arxounts
Recelpt of donated goods, facilltles and servlces
All donated good5, facilitie5 and services received are recognised within incoming resources and
expenditure at an estimate of the value to the charity.
2 Company status
The company is a private company lirnited by guarantee and consequently doe5 not have share capital.
3 Statement of Flnanclal Actlvltles - prior year
Unrestricted
funds
Restrlcted
*unds Total funds
2023
2023
2023
Income and endowments from:
Donations and legacies
Charitable activities
Other
30,229
231,559
44,366
9,800
40,029
231,559
44,366
Total
306,154
9,800
315,954
Expendlture on:
Charitable activities
365,183
5,665
370,848
Total
365,183
5,665
370,848
Net income
(59,0291
4,135
154,8941
Net income before other
gains/(losses)
Other gains and losses..
Net movement in funds
{59,0291
4,135
154,894)
{59,0291
4.135
{54,894)
Reconclllatlon of funds:
Total funds brought forward
Total funds carrled forward
11,386
7,637
19,023
(47,6431
11,772
(35,871)
Page 14

ARENA COMMUNITY
Notes to the Accounts
4 Income from donatlons and le8acie5
Unrestrlrted
Total
Total
2024
2023
Gift5 from Arena Church
Donations & General Gifts
1000 Club
144,881
28,451
2,705
176,037
144,881
28,451
2,705
176,037
9,428
28,006
2,595
40,029
Donated goods. facilities and servlces received
Total
2024
Total
2023
Gifts from Arena Church
Donations & General Gifts
1000 Club
7,902
28,006
2,595
38,503
28,451
2,705
31,156
5 Income from charltable actlvlties
Unrestrlcted
Total
Total
2024
2023
Community Projects
Housing Benefit
Grants
107,334
126,473
107,334
126,473
122,907
100,652
8,000
231,559
233,807
233,807
6 Other income
Unrestrlrted
Total
Total
2024
2023
Other income
57,009
57,009
57,009
57,009
44,366
44,366
7 Expenditure on charitable activities
Unrestrlcted
Restricted
Total
Total
2024
2023
Expenditure on choritoble
activities
Community Projects
Governance costs
17,638
475
18,113
9,563
17,638
475
18,113
9,563
Page 15

ARENACOMMUNITY
Note5 to the Accounts
8 Other expendlture
Unrestricted
Total
Total
2024
2023
Bank loan and overdraft
interest payable
11,675
11,675
9,199
Employee costs
Motor and travel costs
131,924
4,557
155,588
131,924
4,557
155,588
132,860
4,494
124,215
Premises costs
Amortisation, depreciation,
Srnpairment, profivloss on
disposal of fixed assets
General administrative costs
Legal and professional costs
36,744
36,744
26,473
108,001
37,961
486,450
108,001
37.961
486,450
26,364
37,680
361,285
9 Net expendlture before transfers
2024
2023
This 15 stated after charging:
Depreciation of owned fixed a55ets
10 Staff costs
36,744
26,473
2024
2023
Salaries and wages
Penslon costs
130,574
1,350
131,924
131,725
1,135
132,860
No employee received emoluments in excess of £60,000.
11 Tangible fixed assets
Land and
bulldlngs
Plant and
Office
Equlpment
Fixtures and
Fittings
Motor
Vehicle
Total
Cost or ￿valUation
At l April 2023
Additions
At 31 March 2024
Depreciation and
Impairment
At l Aprll 2023
Depreciation charge for the
year
At 31 March 2024
487,765
624
13,803
2,786
16,589
8,750
10,923
347
11,270
521.241
3,757
524,998
488.389
8,750
197.302
11,047
8,750
8,603
225,702
32,304
3,120
1,320
36,744
229.606
14,167
8,750
9,923
262,446
Net book values
At 31 March 2024
At 31 March 2023
258,783
290,463
2,422
2,756
1,347
2,320
262,552
295,539
Page 16

ARENACOMMUNITY
Notes to the Accounts
12 Investments
Investment In Subsidiarles
The company has the followin8 subsidiary undertakings:
Capital and
reseNes at Profit/(loss
end of the
) for the
relevant
relevant
Country of
incorporation
Class of
(If not UK) shares held
%a8eof
shares held
Name of company
year
year
The Projert Ilkeston Limited England
13 Debtors
Ordinary
loo
183,8061
116,696)
2024
2023
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income
2,041
1,139
83,806
260
25,359
27,400
24,035
109,240
14 Credltors:
amounts falling due within one year
2024
2023
Bank loans and overdrafts
Trade creditors
Other taxes and social security
Accruals
1,078
19,388
458
386
17,898
1198)
9,423
27,509
9,423
30,347
The bank hold5 a flxed and floating charge over the property at Leeming Street, Mansfield dated 16 April
2013.
15 Creditors:
amounts falling due after more than one year
2024
2023
Bank loans and overdraft5
Amounts owed to group undertakings
181,969
154,639
336,608
184,126
239,692
423,818
Liabilities repayable in more than five years
afterthe balance sheet date
Amount repayable by instalments
177,777
177,777
The bank holds a fixed and floating charge over the property at LeeminE Street, Mansfield dated 16 April
2013.
Page 17

ARENA COMMUNITY
Notes to the Aceounts
16 Movement in fvnds
Incomlng
resources
Resources
expended
Gross
transfers
At31
March
2024
{includln8
At l Aprll
other
2023 gainsllosses)
Restricted funds:
Restricted Income funds:
Mansfield Food Club
Feeding Britain
Mansfield Housing Need5
Care 4 Coffee
Flourish
I,ooi
3,275
1,000
355
(4751
{526}
(3,2751
(1,000)
{355)
2,935
3,206
2,935
(3,206)
Total
11,772
(475)
{8,362)
2,935
Unrestrlcted funds:
General funds
174,804)
466,853
(504,0881
8,362
(103,677)
Deslgnated funds:
Woolworths
27,161
27,161
rotal
27,161
27,161
Total funds
135,871)
466,853
(504,5631
173,581)
Purposes and restrictions in relation to the funds:
Restricted fund5:
Mansfield Food Club
Feeding Britain
Mansfield Housing Needs
Care 4 Coffee
Help the needs of the community
Regular funding for the provision of the Mansfield Food Club
Supporting people in need in the Mansfield area
Serving the needs of over 100 people each week who are lonely, homeless
and vulnerable in Mansfield
Cultivation of the community garden overseen by Wash Arts.
Flourish
Designated funds:
Woolworths
The asset ha5 been capitalised to be written off over 10 years
17 Analysls of net assets between funds
Unrestricted
funds
Restricted
funds
Total
Fixed assets
Net current assets
Creditors due in more than one year and
provisions
262,552
{2,947)
262,552
475
3,422
(336,608)
1336,608)
177,0031
3,422
(73,581)
Page 18

ARENACOMMUNITY
Notes to the Accounts
18 Reconciliatlon of net debt
At31
March
2024
At l April
2023
Cash flows
Cash and cash equivalents
10,677
10,677
(7,2551
(7,2551
3,422
3,422
Bank loans
(184,1261
(184.1261
2.157
2.157
1181,969)
1181,969)
Net debt
(173,4491
15,0981 1178,547)
19 Commitments
Operatinq lease commitments
Annual commitments under non-cancellable operating leases are as follows:
2024
2024
2023
Land and
buildings
2023
Land and
bulldings
Other
Other
Operating leases with expiry date:
Pension Commitments
2024
2023
The pension cost charge to the company
amounted to:
1,350
1.135
Page 19

ARENACOMMUNITY
Notes to the A¢¢ountS
20 Related party disclosures
2024
2023
Tnynsartions with related partles
Name off related porty
Arena Church
Amount duefrom/(toJ the related party
1154,639) 1239,692)
Name olrelt7ted porty
Description of relationship
between the parties
Amount duefrom/(toJ the relL7ted party
The Project Ilkeston Limited
Ordinary Shareholder
(38,5331
83,806
Name of related party
Description of relotionship
between the porties
Description of tronsGction
and generol omounts
involved
Amount duefrom/(to) the relatedporty
Grace {GB) Ltd- Kristian Thorpe
minister & trustee
consultancy & expenses
14.174)
Name of related party
Description of relationship
between the porties
Description of tronsoction
and general amount5
involved
Amount duefrom/(to) the related party
Controlling party
Turner Consultants Ltd - Julie Turner
person of significant control
consultancy services
(12,891)
The company 15 limited by guarantee and ha5 no share capital; thus no single party controls the company.
Page 20

ARENACOMMUNITY
Detailed Statement of Flnancial Artivities
for the year ended 31 March 2024
Unrestrlcte
d funds
2024
Restrlrted
funds
2024
Total funds Total funds
2024
2023
Income and endowments from:
Donations and legacie5
Glfts from Arena Church
Donations & General Gifts
IOOO Club
144,881
28.451
2,705
176.037
144,881
28,451
2,705
176,037
9,428
28,006
2,595
40,029
Charitable activitles
Communlty Projects
Housing Benefit
Grants
107,334
126.473
107,334
126,473
122,907
100,652
233.807
233,807
231,559
Other
other Income
57,009
57,(M)9
57,009
57,009
44,366
44,366
Total Income and endowments
466,853
466,853
315,954
Expenditure on:
Charitable activities
Community Projects
17,638
17,638
475
475
18,113
18,113
9,563
9,563
Total of expenditure on charitable
activities
17,638
475
18,113
9,563
other expenditure
Bank loan and overdraft interest
payable
11,675
11,675
9,199
11.675
11,675
9,199
Employee costs
Salarieslwages
Pension costs
130,574
1,350
131,924
130,574
1,350
131,924
131,725
1,135
132,860
Motor and travel costs
Vehicles- General costs
Vehicles - Fuel
Vehicles - Insurance and licence5
Vehicles- Repalrs and
maintenance
Travel and subslstence
135
1,621
1,161
1,621
1,161
1,310
1,796
1,123
1,123
65
652
652
1,188
4,494
4,557
4,557
Premises costs
Rent
60,330
60,330
63,105
Page 21

ARENACOMMUNITY
Detailed Statement of Financial Activitles
Rates
Light, heat and power
Premises cleaning
Premises repairs and
maintenance
Other premises costs
12,136
40,551
3,744
12.136
40,551
3,744
13,361
27,279
3,954
34.469
34,469
12,881
4,358
155,588
4,358
155,588
3,635
124,215
General administrative costs,
including depreciation and
amortisation
Depreciation of land and
buildings
Depreciation of Plant and Office
Equipment
Depreciation of Fixtures and
Fittings
Depreciation of Motor Vehicle
Bad debts
Bank charges
General insurances
Information and publication5
Postage and couriers
Software, IT support and related
costs
32,304
32.304
25,241
1,722
1.722
652
2.718
83,619
1,376
16,358
90
30
2,718
83,619
1,376
16,358
90
30
1,591
17,355
439
12
22
Stationery and printing
Subscriptions
Sundry expenses
Telephone, fax and broadband
297
297
807
2,006
2,454
1,678
52,837
2,244
2.281
1,706
144,745
2,244
2,281
1,706
144,745
Legal and professional cost5
Auditllndependent examination
fees
Accountancy and bookkeeping
Consultancy fees
Other legal and professional
costs
1,200
1,200
1,416
5,352
31,014
5,352
31,014
3,306
30,094
395
395
2,864
37,961
37,961
37,680
Total of expenditure of other costs
Total expenditure
Net gains on investments
486,450
486,450
361,285
504,088
475
504,563
370,848
Net expenditure
Transfers between funds
137,235)
14751
137,7101
154,8941
8,362
18,3621
Net expenditure before other
8alns/(losses)
128.8731
(8,837)
{37,710)
(54,894
Page 22

ARENA COMMUNITY
Detalled Statement of Flnancial Actlvlties
Other Gain5
Net movement in funds
{28,8731
(8,837)
{37,7101
(54,894)
Reconclllatlon of funds:
Total funds brought forward
{47,6431
11,772
(35.8711
19.023
Total funds carried tO￿ard
176,5161
2,935
{73,581}
{35,871)
Pa8e 23