2025-12-31-accounts - Jesus Arena Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

JESUS ARENA TRUST ANNUAL ACCOUNTS AND TRUSTEES' REPORT YEAR ENDED 31 DECEMBER 2025

CHARITY REGISTRATION NO: 1142994 COMPANY HOUSE NO: 07680806

JESUS ARENA TRUST FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025

CONTENTS	PAGE
LEGAL AND ADMINISTRATIVE INFORMATION	1
REPORT OF THE TRUSTEES	2 - 3
REPORT OF THE INDEPENDENT EXAMINERS	4
STATEMENTS OF FINANCIAL ACTIVITIES	5
BALANCE SHEET	6
NOTES TO THE FINANCIAL STATEMENTS	7 - 10
INCOME AND EXPENDITURE	11

JESUS ARENA TRUST LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 31 DECEMBER 2025

CHARITY REGISTRATION NUMBER:

1142994

REGISTERED OFFICE:

99g Albemarle RoadHouse Beckenham Kent BR3 5HP

TRUSTEES:

Lara Ganiyu Alamutu Temitope Solanke Ayoola Olaniyi Olusegun Alese Idris Alimi-Omidiora

MINISTER IN CHARGE

Odunitan Oluranti Orioke

ACCOUNTANT

S&V Bond Accountants and Charity Advisors The Bridge Nucleus Brunel Way Dartford Kent DA1 5GA

JESUS ARENA TRUST REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 2025

The trustees present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.

Governing Document

Jesus Arena Trust is a charitable company limited by guarantee incorporated on 23rd June 2011 and registered as a charity on 21st July 2011. The Company was established under a Memorandum of Association which established the objects and powers of the charitable company is governed under is its Articles of Association.

Organisational Structure and Decision Making

The Trustees meet regularly to manage the affairs of the Charity. The Minister in Charge has the delegated authority for day-to-day decision making based on the vision set by trustees and the church Administrator oversees the operational running of the church

Objectives and Activities

The charity's objects are specifically restricted to establishing and running a church; maintaining the advancement of Christian faith; relieving sickness and financial hardship through provision of counselling and support; advancing education in parts of the United Kingdom and the world as trustees think fit.

The general charitable purpose of The Jesus Arena Trust are listed below:

Education and training
The prevention or relief of poverty
Provision of overseas aid and famine relief
Religious activities

Strategies for Achieving Objectives

The main activities of the church are as follows:

Sunday service
Sunday School for all ages of children
Weekly Bible Study
House Fellowship at various centres in the community
Organising religious and social meetings to support members and for community benefit
Raising Funds through members - externally and internally

Connected Charities

The Church is a member of the Redeemed Christian Church of God (RCCG) which has parishes all over the world. The Parish's relationship with RCCG and other parishes is governed by an "Agreement for Common Purposes"

Appointment of Trustees

Trustees are appointed on the basis of their individual skills and experiences, the position and need Jesus Arena Trust has which they are able to fill or contribute to by their commitment to GAT and its vision, ethos, aims and objectives. They are met by all existing board members who will then agree and vote on the new appointment.

JESUS ARENA TRUST REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 2025

Trustee Induction and Training

Newly appointed trustees are briefed on the company's Memorandum and Articles of Association and given an overview of the company's recent financial performance. The functions of the board and its decision-making processes are also explained as are their individual roles responsibilities and legal obligations under Charity and Company law. Trustees are also encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

Public Benefit Statement

In determining how best to pursue the charity's objects the trustees have has regards to the charity Christian Commission's guidance on public benefit and are involved in Christian Outreach Programmes designed to increase awareness and spread the gospel of our Lord Jesus Christ.

Review of Activities

The Trustees are pleased with the result of the financial year under review and anticipate a better outing in the coming year

Community Initiatives in 2025 - giving back to the community

• Food bank

The Food Bank project of the church progressed further in 2025. In association with local supermarkets, a weekly foodbank was set up through the year where food items and other essentials were made available to the homeless and vulnerable members of the community

Risk Management

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. We continue to assess, review, monitor and plan for all risk which the organisation may face, now or in the future and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks

Reserve Policy

The organisation maintains sufficient cash reserves to always cover its liabilities and commitments. Jesus Arena Trust reserve policy aims to ensure that the organisation can maximise the value of its net income without incurring unnecessary risk. The general reserves provide a level of protection to GAT to mitigate against changing financial circumstances, such as downturn in income or unscheduled additional expenditure. The policy is reviewed in a strategic context annually, aiming at establishing an appropriate level of general reserves to meet potential short- to medium-term needs.

Future Developments

The church will continue to explore various ways of spreading the gospel of Jesus Christ in an effective manner. The Charity is also looking to make itself more visible in the area of more relevance in the Borough

This report was approved by the board of trustees:

Odunitan Oluranti Orioke (Minister in Charge) Date 21/05/2026

JESUS ARENA TRUST REPORT OF THE INDEPENDENT EXAMINERS YEAR ENDED 31 DECEMBER 2025

I report on the accounts for the year ended 31st December 2025 set out on pages five to ten.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

examine the accounts under Section 145 of the 2011 Act
to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
to state whether particular matters have come to my attention.

Basis of the independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that, in any material respect, the requirements
to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and
to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts 'to be reached.

S&V Bond Accountants and Charity Advisors The Bridge Nucleus Brunel Way Dartford Kent DA1 5GA Date: 22/5/2026

JESUS ARENA TRUST STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2025

Unrestricted INCOMING RESOURCES Notes 2025 *Incoming resources from generated funds* Tithes & Offerings 2 135,368 HMRC - Gift aid claim 30,034 Other Income 3,000 Bank interest 21,382 189,784 RESOURCES EXPENDED Resources Expended to Charitable Activities 3 101,238 Support Costs 4 37,573 Governance cost 6,243 TOTAL RESOURCES EXPENDED 145,054 NET INCOME/EXPENDITURE FOR THE YEAR £44,730 RECONCILIATION OF FUNDS Prior year adjustment Total funds brought forward 543,765 TOTAL FUND CARRIED FORWARD 588,495	2024 119,385 24,963 - 21,207 165,555
	87,046 29,499 4,463 121,008
	£44,547
	499,218
	543,765

None of the charity's activities were acquired or discontinued during the year and there were no recognised gains and losses for 2024 or 2025 other than those included in the statement of financial activities.

The notes on pages 7 to 10 form part of these accounts.

JESUS ARENA TRUST BALANCE SHEET YEAR ENDED 31 DECEMBER 2025

Unrestricted 2025 4,294 - 588,495 588,495 - £588,495 £592,789 2025	2024 4,290 - 543,765 543,765 - £543,765	2024 4,290 - 543,765

		543,765
	£548,055
	2024
£592,789	£548,055

The financial statements were approved by the Board of Trustees and were signed on its behalf by:

Odunitan Oluranti Orioke (Minister in Charge) Date: 21/05/2026

The notes on pages 7 to 10 form part of these accounts.

JESUS ARENA TRUST NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

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 1 January 2015) - (Charities SORP (FRS 102) .The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Accounting convention

The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Tithes & Offerings

Income from tithes and offerings, is included in incoming resources when these are receivable Investment Income

Investment income consists of net interest received during the year and accounted for as unrestricted fund

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Charitable activities

Costs of charitable activities are those costs relating to the activities carried out to meet the objectives of the Church. These include both directly attributable costs and apportioned support costs.

Governance costs

Governance costs are the costs associated with the strategic direction of the organisation and with meeting regulatory responsibilities including apportioned support cost.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated value

Tangible Assets - 20% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. purposes.

JESUS ARENA TRUST NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2025

2024 119,385 24,963 - 21,207 165,555	2024 119,385 24,963 - 21,207 165,555	2024 119,385 24,963 - 21,207 165,555
2024 31,150 4,485 2,129 2,294 6,000 825 1,679 5,997 - 10,110 19,026 646 1,120 1,585 87,046 2024 4,463 4,463 2024 121 531 970 - 2,145 103 24,635 894 100 £29,499	2024 31,150 4,485 2,129 2,294 6,000 825 1,679 5,997 - 10,110 19,026 646 1,120 1,585 87,046
		2024 4,463
		4,463

JESUS ARENA TRUST NOTES TO THE ACCOUNTS - CONTINUED YEAR ENDED 31 DECEMBER 2025

SUPPORT COSTS: FINANCE CHARGES	2025	2024
Bank Charges	200	£121

6. SUPPORT COSTS: FINANCE CHARGES

7. STAFF COSTS

No employees received emoluments in excess of £60,000.

8.Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2025

The average number of employees analysed by function : DEPRECIATION Opening Balance As at 01 January 2024 Charge for the year As at 31 December 2024 Additions NET BOOK VALUE As at 31 December 2025	Fixtures and Fittings 4,290 1,072 3,218 740 3,958	Fixtures and Fittings 4,290 1,072 3,218 740 3,958	2025 2024 3 1 Office Equipment Total 420 4,710 84 1,156 336 3,554 - 740 £336 £4,294	2024
				1 Total

9. CREDITORS : Amounts falling due within one year

Other Creditors

JESUS ARENA TRUST NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2025

10. MOVEMENTS IN FUNDS Unrestricted Funds General Fund General fund for the year General fund brought forward Total funds	Incoming Resources £189,784	Resources Expended £145,054 2025 44,730 543,765 £588,495	Movement in	Movement in	Movement in
				Funds £44,730 2024 £44,547 499,218 £543,765	Funds

JESUS ARENA TRUST INCOME AND EXPENDITURE YEAR ENDED 31 DECEMBER 2025

2024 119,385 24,963 - 21,207 165,555	2024 119,385 24,963 - 21,207 165,555	2024 119,385 24,963 - 21,207 165,555
2024 31,150 4,485 2,129 2,294 6,000 825 1,679 5,997 - 10,110 19,026 646 1,120 1,585 87,046 4,463 4,463 121 531 970 - 2,145 103 24,635 894 100 29,499 £44,547	2024 31,150 4,485 2,129 2,294 6,000 825 1,679 5,997 - 10,110 19,026 646 1,120 1,585 87,046
	4,463 4,463 121 531 970 - 2,145 103 24,635 894 100 29,499	4,463
		4,463