ARENA COMMUNITY Charity No. 1115569 Company No. 05116407 Trustees, Report and Unaudited Accounts 31 March 2025
ARENA COMMUNITY Contents Pages Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities 2to5 Summary Income and Expenditure Account Balance Sheet 9tolO Statement of Cash flows li Notes to the Accounts 12to22 Detailed statement of Financial Activities 23to25 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 for the year ended 31 March 2025. REFERENCE AND ADMINISTRATIVE DETAILS Company No. 05116407 Charity No. 1115569 Principal Office l Rutland Street Ilkeston Derbyshire DE7 8DG Registered Office Arena Church Ilkeston Rutland Street DE7 80G Directors and Trustees The Directors of the charitable company are its Trustees for the purposes of charity law. The following Director5 and Trustees served during the year,. A. Butcher LJ. HARRISON P.N. PYE A. SIMPSON (Resigned 24 April 2024) K.P. THORPE R.W. TYE Company Secretary H.M. Turner Accountants AHBS Limited Naylor House Mundy Street ILKESTON Derbyshire DE7 8DH Bankers Natwest PIC 42 Bath Street Ilkeston Page 2
ARENA COMMUNITY Trustees Annual Report Derbyshire DE7 8HF Solicitors 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 area5:_ To feed and provide resource for the disadvantaged, To provide quality housing, 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. Thi5 inevitably flows down to impact local communities and this would certainly be our story. The changes in our nation - economicallyi environmentally and socially, all impact people and Charities 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 a5 we engage with people and families who face severe pressure and hardship. This hardship then impacts them in many other area5 which includes housing, well being, family life and physical health. So it's been important as a charity to cut costs where Possible, 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 IOOO'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 function effectively. The management and trustee teams work with passion and diligence to create the necessary financial and operational structures to effectively function as a modern charity. adding any necessary policies and systems that SUPPOrt the effective, diligent work of the charity. As a charity we look forward and we do 50 With optimism. Whilst the world continue5 With a myriad of challenges, we as a charity are now even better positioned to face the next few year5 With a strong team, robust system5, a greater clarity and a confidence as we march forward with our mission "to practically love and serve our world" Page 3
ARENA COMMUNITY Trustees Annual Report CHRISTMAS There were many needs a5 always and we continue to serve our community with hampers, selection boxes to local schools, toys to children in need and practical ways of help where possible. We ran kids activities during holiday times and Easter eggs were also given away to schools in the area. FOODBANKIFOODCLUB/SHOWER HOUR It has been another busy year with Community Outreach in Ilkeston, Mansfield, Nottingham and Belper. Food Bank and Food Club continues and serves many on a weekly basis who are in need. We have good connections with local organisation5 such as Social Services, Homestart and the local schools. Those we serve through Foodbank in Ilkeston increased; our Care for a Coffee numbers increased significantly in Mansfield and regular attendance and growth at our Shower Hour in Nottingham. SUPPORTED LIVING ACCOMMODATION 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. Whilst recognising the increased need and Arena's desire and experience to help those requiring a safe place to live; with the help of an Architect& planning permission was applied for with Mansfield District Council for 5UPPOrted living accommodation in the unused areas at the rear of the Leeming street Building. 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 volunteer team working together to apply for funding for areas within Arena grew this year with increased focus to apply for funding to meet the needs, FINANCIAL REVIEW The attached financial statements show the current state of the finances. The company had net incoming resources during the year of £431,0221£466,854 at 31 March 2024). 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 available and the team is working towards putting firmer budgets in place, identify any areas where we can increase income realistically and also restrict non-essential spending in order that this 'pot" can be built up. Page 4
ARENA COMMUNITY Trustees Annual Report The company's revenue general fund balance is a balance of1£52,2681 {{£103,6771 at 31 March 20241. The reserves policy has not been met during the financial year, but we are taking steps to address this. PLANS FOR FUTURE PERIODS To continue to focus on increasing sales at our retail outlets to ensure profitability and ongoing financial support to the work of Arena Community. Continued diligence to ensure systems and structures support the work of Arena Community. To increase our Community influence at all Campuses. STRucfuRE. GOVERNANCE AND MANAGEMENT The organi5ation is a charitable company limited by guarantee, not having a share capital and having obtained exemption under Section 60 of the Companies Act 2006 to dispense with the word limited as part of the company name. The Company was incorporated on 29 April 2004 and registered as a charity on 25 July 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 up, members are required to contribute an amount not exceeding £1. The directors of the company are also charity trustees for the purpose of Charity Law and under the 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-elerted at the next Annual General Meeting. Arena Community has a board of five tfU5tees. 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 remuneration of trustees. 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 Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees have examined the major strategic, busine55 and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps tan be taken to le55en these risks. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime a5 Set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP {FRS 102}. Signed on behalf of the board A. SIMPSON A. BUTCHER Trustee Trustee 20 November 2025 20 November 2025 Page 5
ARENA COMMUNITY Independent Examiners Report Independent Examiner's Report to the trustees of ARENA COMMUNITY I report to the charity trustees on my examination of the financial statements of ARENA COMMUNITY for the year ended 31 March 2025. Responsibilities and basls of report As the charity's trustees of the company (and also its directors forthe purposes of company lawl you are responsible for the preparation of the financial statement5 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 {'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515) Ibl of the 2011 Act. Independent examiner's statement As the Charity's gross income exceeded £250,000 your examiner 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 because l am a member of FCPA 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 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 Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. 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 financial statements to be reached. Simon Robinson FCPA CPAA AHBS Limited Naylor House Mundy Street ILKESTON Derbyshire DE7 8DH 31 March 2025 Page 6
ARENA COMMUNITY Statement of Financial Activities forthe year ended 31 March 2025 Unrestricted funds 2025 Restrlrted funds Totsl funds Total funds 2025 2025 2024 Notes Income and endowments from: Donations and legacies Charitable activities Other 111,690 229,652 64,888 24,791 136.481 229,652 64,888 176,037 233,807 57,009 Total 406,230 24,791 431,021 466,853 Expenditure on: Charitable activities Other 11,656 375,590 7,032 3,185 18,688 378,775 18,113 486,450 Total 387,246 10,217 397,463 504,563 Net gains on investments Net Income/(expendlture) Transfers between funds 18.984 14,574 33,558 137,7101 210 {2101 Net income/(expenditure) before other gains1(losses) 19,194 14,364 33,558 137,7101 Other Eains and10sses Net movement in funds 19,194 14,364 33,558 137,710) Reconclliation of funds: Total funds brought forward {76,516} 2.935 173,581) 135.871) Total funds carried forward {57,3221 17,299 (40,023) 173,581} Page 7
ARENA COMMUNITY Summary Income and Expenditure Account for the year ended 31 March 2025 2025 2024 Income 431,021 466,853 Gross income for the year 431,021 466,853 Expenditure 354,828 456.144 Interest payable 11,716 11,675 Depreciation and charges for impairment of fixed assets 30,919 36,744 Total expenditure for the year Net income/lexpenditure} before tax for the year 397,463 504,563 33,558 (37,710} Net income /lexpenditure )forthe year 33,558 (37,710) Page 8
ARENA COMMUNITY Balance Sheet at 31 March 2025 Company No. 05116407 Notes 2025 2024 Flxed assets Tangible assets li 244,633 244,633 262,552 262,552 Current assets Debtors Cash at bank and in hand 12 31,892 21,101 52,993 (29,342) 23,651 27,400 3,422 30,822 {30,3471 475 Creditors: Amount falling due within one year Net current assets 13 Totsl assets less current liabilltles 268,284 263,027 1336,6081 {73,5811 Creditors: Amounts falling due after more than one year Net liabilities excluding pension asset or Ilability 14 1308,307) (40,0231 Total net liabllltles (40,0231 (73,5811 The funds of the charlty Restricted funds Restricted income fund5 15 17,299 17,299 2,935 2,935 Unrestrlrted funds General fund5 Designated funds 15 164,9091 7,587 1103,6771 27,161 157.3221 176,5161 Reserves 15 Total funds 140,023) 173,5811 These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 20 November 2025 And signed on its behalf by; A. SIMPSON A. BUTCHER Trustee Trustee Page 9
ARENA COMMUNITY Balance Sheet 31 March 2025 Page 10
ARENA COMMUNITY Statement of Cash flows forthe year ended 31 March 2025 2025 2024 Cash flows from operating artl¥lties Net Income/lexpendlturel per Statement of Financlal Artivities 33,558 (37,710) Adjustments for: Depreciation of property, plant and equipment Profit on disposal of i ntangible fixed assets Dividend5, interest and rents from investments Other gainsllosses Ilncrease}/Decrease in trade and other receivables Decrease in trade and other payables 31,419 15001 (64,8881 36,744 157,009) {4,4921 (26,8431 81,840 182,9071 Net cash used In operating activities (31,746) 159,0421 Cash flows from investing actlvities Payments for property, plant and equipment Proceeds from sale of intangible assets Dividends, interest and rents from investments 113,500) 500 {3,7571 64,888 57,009 Net cash from Investing activities 51,888 53,252 Cash flows from financlng artivities Repayment of borrowings (2,4241 (2,1571 Net cash used in financlng activities (2,4241 (2,1571 Net increasel(decrease) in cash and cash equivalents 17,718 (7,947) Cash and cash equivalents at the beginning of the year 2,344 10,291 Cash and cash equivalents at the end of the year 20,062 2,344 Components of cash and cash equivalents Cash and bank balances Bank overdrafts 21,101 {1,0391 3,422 11,078) 20,062 2,344 Page 11
ARENA COMMUNITY Notes to the Accounts for the year ended 31 March 2025 l Accounting pollcles Basls 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 (FRS 102) (effective I January 2015} - {Charities SORP (FRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 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 change5 have been made to accounts for previous years. Fund accounting Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestritted funds which include a revaluation reserde representing the restatement of investment assets at their market values. These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restricted funds Income Recognition of income Income is included in the Statement of Financial Activities 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 15 expenditure reported gross in the SOFA, Donations and legacies Voluntary income received by way of grants, 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 Income from tax reclaims 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 account5. Investment income This is 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/llosses} on investment assets This includes any gain or loss on the sale of investments. Page 12
ARENA COMMUNITY 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 activitie5 and charitable activities services in the furtherance of it5 objerts, including the making of grants and governance costs. All 8rant expenditure is accounted for on an actual paid basis plus an accrual for grant5 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/independent examination fees, costs linked to the strategic management of the Charityi together with a share of other administration costs. These are support costs not allocated to a particular activity. Grants payable Governance costs Other expenditure Taxation The charity is exempt from corporation tax on its charitable activities. Tangible flxed assets and depreciation Depreciation is provided at the following annual rates in order to write off each asset over it5 estimated useful life.. Plant and Office Equipment 20%% reducing balance Fixtures and Fitting5 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 gains or losse5 are taken to the Statement of Financial Activities 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 is the amount the charity would have been willing 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 13
ARENA COMMUNITY Notes to the Accounts Cash and cash equfvalents 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 overdrafts. In the statement of financial position. 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 management. Trade and other creditor5 Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity ha5 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 discount5 due, Research and development Expenditure on research and development is written off in the year in which it is incurred. Foreign currencies Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net income/expenditure. Leased assets Where the charity enters into a lease which entails taking substantially 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 finance 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 minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments 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. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's poliry 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 a5 a liability. The aggregate benefit of incentives is recogni5ed as a reduction of rental expense on a straight-line bas15. 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 funds. Page 14
ARENA COMMUNITY Notes to the Accounts Receipt of donated goods, facilities and 5ervlces All donated goods. facilities 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 limited by guarantee and consequently does not have share capital. 3 Statement of Financial Activities - prSor year Unrestricted funds Restrirted funds Total funds 2024 2024 2024 Income and endowments from: Donations and legacies Charitable activitie5 Other 176.037 233,807 57,009 176.037 233,807 57,009 Totsl 466,853 466,853 Expenditure on: Charitable activities 17,638 486,450 475 18,113 486,450 Other Total 504,088 475 504,563 Net income 137,2351 8,362 (475} 18,362} 137,7101 Transfers between funds Net income before other Eains/(losses Other galns and losses: Net movement in funds 128,8731 18,837} 137,7101 128,873) 18,837) 137.7101 Reconciliation of funds: Tot31 funds brought forward Total funds carried forward {47,643) {76,516) 11,772 135.8711 173,5811 2,935 Page 15
ARENA COMMUNITY N•Xes to the Accounts 4 Income from donations and legacies Unrestrirted Restricted Total Total 2025 2024 Gifts from Arena Church Donations & General Gifts IOOOClub 89,877 19,044 2,769 111,690 19,500 5,266 25 109,377 24,310 2,794 136,481 144,881 28,451 2,705 176,037 24,791 Donated goods, facilities and services received Total 2025 Total 2024 Donations & General Gifts 1000 Club 24,310 2,794 27,104 28,451 2,705 31,156 5 Income from charitable activities Unrestrlrted Total Total 2025 2024 Community Projects Housing Benefit 101,932 127,720 229,652 101,932 127,720 229,652 107,334 126,473 233,807 6 Other income Unrestricted Total Total 2025 2024 Other income 64,888 64,888 64,888 64,888 57,009 57,009 7 Expenditure on charitable actlvlties Unrestricted Restricted Total Total 2025 2024 Expenditure on charitable activities Community Projects Governance costs 11,656 7,032 18,688 18,113 11,656 7,032 18,688 18,113 Page 16
ARENA COMMUNITY Notes to the Accounts 8 Other expenditure Unrestricted Restricted Total Total 2025 2024 Bank loan and overdraft interest payable 11,716 11,675 11,716 Employee costs Motor and travel costs 133,987 2,396 122,946 782 134,769 2,396 123,227 131,924 4,557 155,588 Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs 281 30,919 30,919 36,744 37,771 35,855 375,590 44 37,815 37,933 378,775 108,001 37,961 486,450 Legal and professional costs 2,078 3,185 9 Net income/(expenditure) before transfers 2025 2024 This is stated after charging: Depreciation of owned fixed assets 10 Staff costs 31,419 36,744 2025 2024 Salaries and wages Pension costs 133,267 1,502 134,769 130,574 1,350 131.924 No employee received emoluments in excess of £60,000. Page 17
ARENA COMMUNI Notes to the Accounts 11 Tangible fixed assets Plant and Office Land and building5 Fixtures and Fittings Motor Vehicle Totsl Equipment Cost or revaluation At l April 2024 Additions Disposals At 31 March 2025 Depreciation and impairment At l April 2024 Depreciation charge for the year Disposals At 31 March 2025 488,389 16.589 8,750 13,500 {8,7501 13,500 11,270 524.998 13,500 {8.750) 529,748 488.389 16,589 11,270 229,606 14,167 8,750 9,923 262,446 27,543 1,403 1,125 1,348 31,419 {8,7501 1,125 18,750) 285,115 257,149 15,570 11,271 Net book values At 31 March 2025 At 31 March 2024 231.240 258,783 1,019 2,422 12,375 (i) 1,347 244,633 262,552 12 Debtors 2025 2024 Trade debtors Other debtors Prepayments and accrued income 575 2.041 780 30,537 31,892 25,359 27,400 13 Creditors: amounts falling due within one year 2025 2024 Bank loans and overdrafts Trade creditors Other taxes and social security Accruals 1,039 18.170 801 1,078 19.388 458 9,332 29.342 9,423 30.347 The bank holds a fixed and floating charge over the property at Leeming Street, Mansfield dated 16 April 2013. Page 18
ARENA COMMUNITY Notes to the Accounts 14 Creditors: amounts falling due after more than one year 2025 2024 Bank loans and overdrafts Amounts owed to group undertakings 179,545 128,762 308,307 181,969 154,639 336,608 Liabilities repayable in more than five years after the balance sheet date The bank holds a fixed and floating charge over the property at Leeming Street, Mansfield dated 16 April 2013. Page 19
ARENA COMMUNITY Notes to the Accounts 15 Movement In funds Incoming resources At31 March 2025 Resources expended Gross transfers (including At l April other 2024 galns/losses) Restricted funds: Restricted income funds: Shower Hour Mansfield Shared Living Accommodation Flourish 4,500 1863) 12101 3,427 15,000 (2,359) (2,935} (4,060} 12,641 2,935 Food Appeal 5,291 1,231 Totol 2,935 24,791 110,217} 12101 17,299 Unrestricted funds: General funds 1103,677) 406,230 {377,459} 9,997 164,9091 Deslgnated fund5: Woolworths 27,161 (9,787) (9,787) {9,787} {9,787) 7.587 Total 27,161 7,587 Total funds {73,5811 431,021 1397,463) 140,0231 Purp05e5 and restrictions in relation to the funds: Restricted funds: Shower Hour Mansfield Shared Living Accommodation Flourish Food Appeal Designated funds: Woolworths Supporting people in need in the Nottingham area Cultivation of the community garden overseen by Wash Arts The asset has been capitalised to be written off over 10 years 16 Analysls of net assets between funds Unrestrirted funds Total Fixed a55ets Net current assets Creditors due in more than one year and provisions 244,633 23,651 244,633 23,651 1308,3071 1308,3071 140,023) 140,023) Page 20
ARENA COMMUNITY Notes to the Accounts 17 Reconclllation of net debt At31 March Z025 At l April 2024 Cash flows Cash and cash equivalents 3,422 3,422 17,679 17,679 21,101 21,101 Bank loans {181,9691 {181,9691 2,424 2.424 1179,5451 1179,5451 Net debt {178,547) 20.103 1158,4441 18 Commitments Open7ting lease Commitments Annual commitments under non-cancellable operating leases are as follows: 2025 Land and buildings 2025 2024 2024 Land and buildings Other Other Operating leases with expiry date: Pension commitments 2025 2024 The pension cost charge to the company amounted to: 1,502 1,350 Page 21
ARENA COMMUNITY Notes to the Accounts 19 Related party disclosures 2025 2024 Tronsortlons with related partles Name of reloted pt7rty Arena Church Amount duefrom/(toJ the related party 1128,7621 {154,6391 Name of related party Description of relationship between the porties Amount duefrom/lto) the related poty The Project Ilkeston Limited Ordinary Shareholder 138.5331 Name of related party Description of relotionship between the parties Description of tronsoction and general omount5 involved Amount duefrom/lto} the related party Grace (GB) Ltd - Kristian Thorpe minister & trustee consultancy & expenses 116,695} (4,1741 Name of related party Oescription of relotionship between the porties Description of transaction ond generol amounts involved Amount duefrom/lto} the rel(7ted porty Contmlling porty Turner Consultants Ltd - Julie Turner person of significant control consultancy services 16,9051 112,8911 The company is limited by guarantee and has no share capital; thus no single party controls the company. Page 22
ARENA COMMUNITY Detailed Statement of Financial Activities forthe year ended 31 March 2025 Unrestricte d funds 2025 Restricted funds Total lunds Total funds 2025 2024 2025 Income and endowments from: Donations and legacies Gifts from Arena Church Donations & General Gifts 1000 Club 89,877 19,044 2,769 111,690 19.500 5,266 25 109,377 24,310 2,794 136,481 144,881 28.451 2.705 176,037 24,791 Charitable activities Community Projects Housing Benefit 101,932 127,720 229,652 101.932 127,720 229,652 107,334 126,473 233,807 Other Other income 64,888 64,888 64,888 64,888 57,009 57,009 Total income and endowments 406,230 24,791 431.021 466,853 Expenditure on: Charitable activities Community Projects 11,656 11.656 7,032 7,032 18,688 18,688 18,113 18,113 Total of expendSture on charitable artivitles 11,656 7,032 18,688 18,113 Other expenditure Bank loan and overdraft interest payable 11,716 11,675 11,716 11.716 11,716 11,675 Employee costs Salarieslwages Pension costs 132,485 1,502 133,987 782 133,267 1,502 134,769 130,574 1,350 131,924 782 Motor and travel costs Vehicles- Fuel Vehicle5 Insurance and licences Vehicles Repairs and maintenance Travel and subsistence I,iio 887 I,iio 887 1,621 1,161 1,123 399 399 652 2,396 2,396 4,557 Premises costs Rent 50,516 12,507 37,943 50,516 12,507 37,943 60.330 12,136 40,551 Rate5 Light, heat and power Page 23
ARENA COMMUNITY Detailed Statement of Flnancial Activities Premises cleaning Premises repairs and maintenance 2,502 2,502 3,744 281 17,072 34,469 16,791 Other premises costs 2,687 122,946 2,687 123,227 4,358 155,588 281 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 Profit on disposal of intangible fixed assets Bad debts Bank charges General insurances Information and publications Postage and couriers Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband 27.543 27,543 32,304 1.403 1,403 1.722 1,125 1,125 1,348 1,348 2,718 15001 (5001 651 1,404 28,802 90 651 83,619 1,376 16,358 90 1,404 28,802 90 30 544 3,486 1,177 1,614 68,690 544 297 3,486 1,221 1,614 68,734 2,244 2,281 1,706 144,745 44 Legal and professional costs Audit/lndependent examination fees Accountancy and bookkeeping Consultancy fees Other legal and professional costs 1,200 1,200 1,200 5,352 31,014 28,528 28.528 6,127 2,078 8,205 395 35,855 2,078 37.933 37,961 Total of expenditure of other cost5 Total expenditure 375,590 3.185 378,775 486,450 387.246 10,217 397,463 504,563 Net gain5 on investments Net Income/(expenditure) Transfers between funds 18,984 14,574 33,558 (37,7101 210 1210} Net incomellexpenditure) before other galns/llosses) Other Gains 19,194 14,364 33,558 (37,7101 Page 24
ARENA COMMUNITY Detailed Statement of Financial Activities Net movement in funds 19,194 14,364 33,558 137,7101 Reconciliation of funds: Total funds brought forward {76,516) 2,935 (73,5811 135,871) Total funds carried forward (57,322) 17,299 (40,0231 173,581) Page 25