JESUS ARENA TRUST TRUSTEES. REPORT AND ACCOUNT8 YEAR ENDED 31 DECEMBER 2024 CHARITY REGISTRATION NO.. 1142•94 COMPANY HOUSE NO: 07680606
JESUS ARENA TRUST FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 CONTENT8 PAGE LEGAL MD ADMINISTRATIVE INFOR%thmo REPORT OF ThE TRUSTEES REPORT OF THE INDEPENOENT EXAMINEF STATEMENTS OF FIF14NCIAL ACTIVITIES BAwce SHEET NOTES TO THE FIWCEAL STATEIAENrs 7.10 INCOME tho EXPENDITURE 11
JESU8 ARENA TRUST LEGAL ANO ADMINISTRATIVE INFORMATION YEAR E14DED 31 DECEMBER 2024 CHARITY REGISTRATION NUMBER.. 1142994 REGISTERED OFFICE: 99g AJbwn•rtg Ro8dH enham 8R3 5HP TRUSTEES.. Lara G8nlyu Alamutu T•nittiF4 Solak• Ayoda Olanl OIu8•Jun AJo5Q Idns Alimithiidiora Mlnlstw tsn Chwge Odurth•n OILryilI Ortok• ACCOUNTANT S&V Bond Aco)untsnt• arKI Chadty Adv180r8 The BrwY9e Nucleus Brun81 Way D8rtfor(I DA15G4
JE8US ARENA TRUST REPORT OF THE TRUSTEES EAR ENDED 31 DECEMBER 2024 The trustee5 present thwr reFth wth tr finortial stslrynts ol Ihe tharfly for year ethd 31st December 2024. The trustees ¥ •dopt&Y th? w0v1on3 of Ihe Statement of R&0mMdj Pradi ISORPI'AcCjnfjng and Rwrtkng by Ch•rfOg8' I¥Bwd In Mwth 21))5. Gov•mlng 0mont Jg$us Ar¢na Twst is 8 ctroritsble cornpany Ilmltwj by guarnn¢e& Incrypcrt&J on 23rd Juno 2011 ond r•4i3tered a$ a Charity on 21s1 July 2011. Th• Cornpany was 8slblish•d undw a Mernorandym ol A88o¢lation %knlch eststll6hJ 014•#8 wvj ol ts th•rit•t49 cornpory 18 guvwT IB its tid£S ol A550cial1L. Ory•nl••tlonal Stru¢¢w• and D•el•bon IA•klry Th• Truste66 rneel regLlarfy to managè the affairs of th• Chwfjty. Thg Mini8t•r In ch•rgg haB the deltyal authonly ts day4daY dfci%on t)as•J the woion 1 by truBtO08 ¥KI Ihg thurth A¢lmin16tralor ovw8ee8 lh• operational runntThJ of tho church Obl•ctl¥M •nd A¢tlvltl•• Tho charity's objeas arts SptallY mIrKtl lo utsblis1* aThJ runnlng a church., maintalnlng the
dv#neèrn•nl of Christ18n laith.. rdievirJ 81rne88 8ryJ fin8nwl hard8hip Ihrou¥th proviskn ol Cr811r0
upwt., advanclThJ gducalhjn In partg ol th• KIWOM tho 88 irust••s Ihlnk flr. Th• o•Mr81 ¢harit•bl• 5xw ol Tlw J••u• Tru•t •rn . Educ•llon 4r Irnirg • The prtkIn rdlof of • Provi8ion of overseas aKJ •nd lam#M r•li Strt•gb• for A¢hl•vlng Obl•GII¥• Th• m4n actlvltle8 of thwch •r• u fokn • Sunday r¥I¢• 4 Sunday Schcd for all •9es of . We8kly 8ible Study • House Fqllowshlp at varlous In the ¢>Jmm¥nity . Of9ani%ThJ rdlgKJUS and sooal m••ts"fVJS in to supwt members oTrJ cornrnunSty boffi • R8I81ryJ Funds membws. ty1wnly #F Intem• ConMct•d Ch•rltl• The Church is 8 m¢mtr of Ilk• R&Jeom&1 Chr[san Church of G¢)J IRCCGI t•thich hag parishes fjll over the wld. Tha Parish's rdalionship wilh RCCG and olhw panshos 1$ gov¢mtyJ by an 'Agregml for Common Purposes" Appolntm•nt of Tru•t•M Trust888 are apFrf)InlwJ on the basls ol thdr I[181 sklls and expgrknw. the pThltlon arKI no Jesus en8 Trusl has vthich tlw ar• ab or tlbUte to by their commitmeA)t to GAT and rts viiion. ethos. glms and obj&1. Thoy orn m8t by all toard mwnbw¥ th agro• ond voto on tho
JESUS ARENA TRUST REPORT OF ThE TRUSTEES YEAR ENOED 31ST DECEMBER 2024 Tru•t•• In¢bxtlon •nd Tr•lnlng Ne%%ly appolnt•J trusl88s ar8 lyb811 on lh• companys MemoranLlum and Artl(aes of Assodatlon and glv an overvie1 the MpanI$ rtttnt finantsol wlomiantè. Th# luntlorn ol thè t)ard and its dw8ion. maklng procgs88s arg al¥0 explalwl as we thwi iTrdthdual rrA•s reswnblll1es and ltyal obligati¢)ns under Charlly and CcMnp8ny law. Tru6ts afy also thKXUf89th1 to alld appropriate fjxterngl tralnlng ov•nls where these wll trKiliat6 ihe undortakiThJ ol I"1 Publ1¢ B•ngfrt Sl•t•m•rt In detorminbng hjw beBt to p•rnu• th• chartV8 c1¢ th• trust h•v• has rega¥ds to th• Commlslot)'s guid8nc• on plic and a Inved in Ckn'¥ti•n Outreath PD)gramme8 designed areneg8 and Sproad tho ol wr Ltyd J•wi Chrl8t R•¥l•w of Actlvltl• I n• TnJ8lee8 are plj tn• r¢ ot tN• tiiignci•i yr LtThJw ana •nltspat• • l)etler outsng In tha comirrfJ year Communlty Inltl•tfv•• In 2023. glvlty b#ek to th• ¢ommunlty . F¢x#J bank The Food Bank proix101 thg wowu8•J Ith•r in 2022. In a8KKi•fjon ¥wth local oupwmath8t•, w••kly loodbank w88 S•t UP through Ihe t• fc•)d iliJm8 and olhw •8Wlk•18 wr• mthJ• avillat4• to thè homd•s$ and ¥dnwatl• m•nbw3 of cL¥nmunlty Rl•k M•nag•m•nt The TNslees heve a duty to thtfy •Thl th• rf•ks to tthi¢h th• chlty 18 wo••(l and lo lre appropfl•t• controls arg In pl8c• lo provlda rea8(ma0 •sgur•nc• agaln$t Iraud and wror. Wo contlnu• to osseas, rW, m¢)niior ond an lor 4 risk ch thè or9#nitIort MAY lac. or in th8 kntur• and ar• 8Ot16fied tho1 gystwns WKI proc•Jur•8 •r• In F4•c• to mttyote ¢)ur •YW•Uf• to th• m•fvr rtBk R81¥ Poll¢y The organlsalkn m•lrttsln$ $Lffldl cash res9 ts 4w8ys ¢ov¢r Its NabllMl86 and ¢omm5trnwts. J•8us Ara Trusl reswve pclity aim8 to sUr• that the rxgani$ati can maMIse the value 01 its net Incryne wrth0 tncurying rijk. The roN88 alovd of prOttIon to GAT to mltlgole 8g8in$l ¢h8n9irg financtal csrcurnslances. such 88 doiffitum in Inectha or un8chd #(klitlonbl expeTrJiturn. Th• policy is revi•d In è $trt•gk t¢rti•xI annty. almlrvJ at •stabll•hlng an approprfal• l•ve of genwal io rneet potwbal shc¥l. lo m•dium4erm neth. Futur• O•v•lopm•nts Th• ehurch wll continua lo •ypkn• way8 of ¥*r•adry th• 908po1 of Chrisl In an •ff•ctlv• manner. Th Chgrity l¥ alw lojklng to moke it3011 mrff• in of mty• relw•nc¥ kn Ihg Borough. Th15 rgport w•$ apyoved by iho LKwd of InJBIo•¥". Odunltan Oluranl Ortok8 (Nnlstw kn Ch8ry81 Dalè.. 1710712025
JÉSUS ARENA TRUST REPORT OF ThE INDEPENDENT EXAMINER8 YEAR EP40ED 31 DECEMBER 2024 I rwl on the acLoMis yw 31st Oect 2024 Set crtrt cffi pages fvg to R••p•¢tlv• r••pon•lblllth• of tru•t••• •nd •Mmln•r Th• eh#ritys IrusigBS are responsitle for the prepar8lbn crf lh• oc¢wnts. Tho tharW8 trusle•8 eonsldar that an audit16 rot for this yw lundw Slfjon 144121 of th• char•5 Act 2011 It 2011 ktll and that 8n Independent wmirti¢)n rtyuirl. Having saknsfied mysdl that Iho is no¢ subiKt lo urvjw Mpo IDW and h ellglbla for ind•pond¢nt eXamina'0n. il 1$ my r•Spibility to.. - exarni the accounts urKl•r SfKtN)n 145 of thè 2011 - to lollcw th8 prOcwlur lald In tho D4r•0110 Chowlty Cornml8th (under Section 14515llbl of the 2011 Act): aThJ - to tiata %thOlhw partlcJJ mottw$ hav• (un• to ffly attwtlon. Ba•1• d th• lrtd•p•nd•tft •M•mlMrf• r•port My tyaminaiion vrns carrtl out In accordance ¥th the Gvmeral DirvKlknn8 glvw by the Chgrlty Commission. kn èxarnination Includes 8 rewe crf the aminllry r8c¢yds kep¢ by the chanty 8nd cornparlson of Ihe OOunt pr•sentl wlth ItKJs• rKofds. li also Indudo9 con$lJoraikin ol any unuitsal itfjms or disdosures in the wunt$. aThJ segkir¥J oxplarwtions Irom you as Irust895 conGemiThJ any such mtht•rn. The Undértak nol pThrfl• all evid¢• Ihat be T•]ulr•¢J In an audil, aTrJ C$41Y IKJ oplthls 91¥ q8 to Iho xo)Lmts prowt a ar lalr v, and the rwrt18 Ind•p•nd•n¢ •x•rnlnrf• •t•t•m•nt In connK¢ion my examin&l)n, no mattw has ¢xrn lo My a¢twrth)n'. 111 whieh glws m• r•asonabl8 CaU8a to Wl8vg that. in any material re$t, th• . to keep accountin9 records In 8co¥(Jarte 41h Secb'cffi 386 oTrJ 387 of the Companie8 Act 2Ch)6; •nd . to prepare account8 8ecThd vitth th• acctsjntsng rtt(¥ds. compfy with the accountin9 qulr•ment8 ol Sections 394 and 395 of Ihg ¢paNIeS Aet 2CIJ6 and with Ihg m•tW• prfndpl•8 ol Ihe Statement of R•£0mM•1 Pracb¢x' Ainting 8Th1 Rwtsn9 by Charities hav• not be•n m•t,' ( 12110 ¥thi¢h. in my opinvJn, att•lti 8htyJd b• dr•n in rth lo wr1• a uThJorntaTrJSng ol the O¢LYjur,tO be le8cJ. Omowjnmi Shitta. FCCA S&V Bond Acminlani$ otsa Chartty The Bndge Nuc$ Brund Way Dartfwd DA1 5GA Date: 21Y071202S
J&8US AREIIA TRUST STATEMENT OF FINANCIAL ACTMTIES YEAR ENDED 31 DECEMBER 2024 Uffg•trict•d 2024 INCOMING REsOuEs 2023 Tlth•s & Off8rfNJs HMRC- Gift aid claim Other Ir¢om¢ Bank interest 119.385 24.963 116,042 19.893 S,5Sg 21.207 RESOURCES EXPENDEO RsLKJrs ExtYl8d to charilab Support Costs Govwnanc• u)sl 87.046 29.499 81.520 21,464 2.873 TOTAL RESOURCES EXPENDED NEf INCOMEIEXPENDtnJRE FOR TrIE YEAR £44,547 £47,116 RECONCIUATION OF FUNDS Prtor ar dlutm•nt Total funds browt forward TOTAL FUNO CARRIED FORWARD Non& of the chaiivs adiwtses were qUir1 w th'scontinuèA duriry the year an6 Ih$ro we nts ecognised pains and losses for 2023 c¥ 2024 othw than those indudd in the statemenl of financ4al actiwl Thè r•)tes on pages 7 to 10 forn part of ac£oLmts.
JESUS ARENA TRUST 8ALANCE SMEET YEAR ENDED 31 tECEMBER 2024 FIXED ASSETS Tar@ibl• aets 4,290 5,362 CURRENT ASSErs Dotsto Caoh al bank arxl in horwj 17.505 CRtDITOR8: du• wl¢hln on• y••r N•t Curr•nt A#*•ts TOTAL A88ETS Le88 CURRENT LIA8ILmES FUN08: Unr86trIct•J FuThJ$ 10 Th• fIneoI •tal8m8nt¥ vrfr• •pwoNvJ ty Ihfr eow(l of Tru¥19 WKI Its b•hall by.. Odunll•n Olur•ntl Orfok• IMlnl•t•r In Chwg•1 D•t•.' 17107m25 The rw) on 7 10 10 fm pwi ol ltr• a(xthml8.
Jesus ARENA TRU8T NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2024 I. ACCOUNTING POLICIES Balis of pr•p•rfng th• finndl atat•m•nl4 Thè finhnd81 sta¢•m8nts ha b99n prepargj In •cc(rtancg with AntIra aryl Rwrttng by Cha110.. stalem1 of RrnMend Procbce apphcable to chariiies KKep8nrvJ Ih&'r accx)unts in aCcanCe wllh Ihe Finandol Repothr¥J St8nd8fd 8pplicaU• Sn th• UK and Rtyubllc of Ir8laThJ IFRS 102118ffectl l January 20151- (Charibes SORP IFFiS 1021.The Fina Rwrting Standard apt4ic4ble In ihfr UK and R•publie el Imland IFRS 1021 Wid Ihe Companl6s 2. Ae¢ountlno e¢)nv•nll¢ Thg fin8ndo1 $laloment¥ havo be pr•pamJ undw thg h181L1 tO8t CA)nvlI0rt. Tth Ihg of inv&stm•nts which are indud&J 41 mwket v4w. Chgrities Act 2011 •nd the ol th• sta18mt of RKommd# Pradc•. knwntlrvd a1 R¥orllng by Charitlés In¢omlng r••oiwc•• 41 In¢omir¥J f•jr¢ol Incl1•y on the StsteAnt of Finawal Acbvrtlo5 eharfty18 l•galty •)Ille lo tho income and the omounl ¢8n bo quanufithl I1h rn88onabl• r8¢Y. T1¢h a Off•rfnk• Incorne from tilhos WKI oflwlngs. ll IrthlfAI In IrKunhig f•8OWC4N thtt• w• rttthab Investment Income Investmt ing)mg 81¥1 of Inlw•8t rK•lv•J dIng I} y•af and aGcounll a$ unr•sId¢) fuThJ RMourc•4 exnd•d Expenditure IB a¢cwnted lor on an ru•18 has bw) da88ffi&fj w)der ha•dltys th•t •ggrogate all OBI relat1 lo Ihg taory. Whw• c4)8ts cant b• dirth atlrit¥Jt•J to parlbjaf IadIal thty ha b• allocat8d Io 8Ctlviti88 on a b891¥ C50¢t wrth Ihe ol rewurco5. ChJnta¥le 8¢tsvilio Co8t8 ol ch8rfji•blo •ctMifj•s w•tho•• tt•t• Ml•VThJ to th• •ctivbti•i ewrl•J OLrt to rn• th• d>j•¢tlvM of lh• Clwrth. Indudo both dirKUy attnbul•bl8 C4)618 aTrJ awytiCm&l wpkxirt CDsI8. Gov•m•ne• C1$ GOvwnae co¥ts are th¢ Costs assocAal•d wth the $traW4ic ol oryanl•ation and wth MlIng ul8tory r86FKJnslIItl&9 IndudlNJ 8UPPQrt C08t. T•nglbl• Il¥•d •u•l• DePrlatIOn Is providod at thg •NKwI rnt•s in to off 8Aeh a•861 ovw 118 ¢Stim81fr3 v&luo TarvaiL4e Assets T•x•tlgn Th• charity is exempt Irorn Corpo1 tax on its charitat4• adMIi88. Fund Account5ng Unr85triclod funds ean b• vwl in acrdan wlh charilablè Ob at discr•tion of Ihe Iw81¢a$. R8slrictocl funds can only us•J fc part1¢01 r•SiriCt purpo8W Wthin the obi8ct$ of Chaty. R8sIridic5 Arise $fil by the donrw or ¥&th8n lurxts arè raiwj fc¥ til1¥ r•Jtrica•J purptss•s.
JESUS ARENA TRUST NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2024 2. VOLULTARY INCOME Tithes & ONeriNJ$ HMRC- Glft ald cwm Oihef Irorne Bank Intwest 119,385 24.963 1 t6,042 19,893 5,559 21,207 Tolal incthmiffj r•8ourc•8 J. CHARITABLE ACTMTIE8 PNn189 Ront and gthw Eywb Storage R1 Conlerence •XP Central office Misson Honorarium Hospii811ty Wdfarg Glfts lo membws 31.150 4.485 2,129 29.784 3,173 7.041 1,0fr) 2,OLX) 1,440 2,036 4.191 430 1,965 20,040 124 3,574 4,740 825 1.679 5,997 10,110 19.028 8ook8 And pwiodical• Church Ewlpmw Children Churth In•urnnc• 1.120 4. L•gal •nd wof•#•l<)n•l •nd Inv••lm•nt• CMsull•nty xc4Junt8nt E¥mIn l•& 5. SUPPORT COSTS: MANAGEMENT Bwk Chary Advertising and inting Offic• eXPse$ Sraff TrainiryJ or¥J Gifts Td•phone and Inlwnel Emyea8 National Ingur•n¢• StsH Salaries Trovd Experrfes SuThJry 121 531 970 857 2,145 103 24,635 2.255 9,980 5.420 1,340 1(KJ
JESUS ARENA TRU8T 140TE8 TO THE ACCOUNTS. CONTINUED YEAR ENDED 31 DECEMBER 2024 8. SUPPORT COSTS: FINANCE CHARGES 8ank Cbarym 7. STAFF COSTS No 0y60S ox< d Éeo.IxM). Tru•t•M' •xp•n• Thwe truste95' Expm paid ft>r yow 3181 2023 why ihe yr erKJed 3181 D•c•mbef 2024 The numbw of •mrADy by lurKlion: DEPRECIATION Owing Balanc• Chorge for Ihg yogr 420 5,782 1,156 NET BOOK VALLE AB * 31¥1 OKembw 2024 As * 31$t Ds¢ombw 2023 9. CRÉDITOR8 .. Amounts Nllng du• •ft•r on• y••r Oth•r Cr•dilof8
10 JESUS ARENA TRUST NOTES TO THE ACCOUNTS YEAR ENDEO 31 DECEMBER 2024 IQ. MOVEMENT8 IN FUNDS men UnTr*trlct•d Fund Gfjral Fund Gwwol fund for the y Gw•ral fund brijughl fon¥ard 44,547 47,116 Total fvnd•
11 INCOMe AND EXPENDITURe YEAR ENDED 31 DECEMBeR 2024 VOLULTARY INCOME Tith•8 & Olfwlry8 MRC - Gift aid d•m Othw Inwn? Bank Intsrgst 119.385 24.963 116.042 19.893 S,S59 21,207 T¢)la Ineoming r•soure•6 EXPENSES TO GENERATE VQLUNTARY WCOME Premise Renl ond othw Exp$0$ Stiyag8 R)t conferen oXPon8 C•nlra office MIs8ion Honor¥ium Hospl(altty Wdf8r Glfts to mwnbws Chaniablè dMatkffd Mar¥s¢ wJenNe 8ooks and rIOLI1¢01• Church Equipm•nt Childrw Chur Insur8nc 31,150 4,485 2.129 29.764 3,173 7.041 825 1,679 5.997 1,440 2,038 4.191 430 1.985 20,040 124 3,574 4,740 10,110 19.028 1.120 L•g•l •nd prof•ulon•l Ind Inv••trMn¢• Consullancy Enmlnrfs l•• SUPPORT COSTS.. MANAGEMEMT Bank Charg88 Advortlslng and PrlnUThJ Olfiea 8xp•n888 Staff Tralniry and Glfts Tdephone and Intwnel Emplyees Nation Insurarte Stsff S4arioS Travel EyFw85 Sundry 121 531 970 fj57 662 2.145 103 24.635 2.255 9.9eo 5,420 1,340 8urplu% Incorn•