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2021-04-30-accounts

Company registration number: 03358765 Charity registration number: 1062630

The Rising Sun Arts Centre Ltd

(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 30 April 2021

David Jones & Co 2018 Limited The Centre Reading Road Eversley Centre Hampshire RG27 0NB

The Rising Sun Arts Centre Ltd

Contents

Reference and Administrative Details 1
Trustees' Report 2
Statement of Trustees' Responsibilities 3
Independent Examiner's Report 4
Statement of Financial Activities 5 to 6
Balance Sheet 7
Notes to the Financial Statements 8 to 17

The Rising Sun Arts Centre Ltd

Reference and Administrative Details

Trustees Lina Maria Sofia Johansson Mark Richard Foulkes Jennifer Christine Stokes Senior Management Team Larry Watson Principal Office 30 Silver Street Reading Berkshire RG1 2ST The charity is incorporated in England. Company Registration Number 03358765 Charity Registration Number 1062630 Independent Examiner David Jones & Co 2018 Limited The Centre Reading Road Eversley Centre Hampshire RG27 0NB

Page 1

The Rising Sun Arts Centre Ltd

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 30 April 2021.

Objectives and activities

Public benefit

Activities undertaken to further public benefit

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Structure, governance and management Financial instruments

Objectives and policies

The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.

Cash flow risk

The charity’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.

Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.

Credit risk

The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.

The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.

The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.

Liquidity risk

In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance.

Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.

The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:

......................................... Lina Maria Sofia Johansson Trustee

Page 2

The Rising Sun Arts Centre Ltd

Statement of Trustees' Responsibilities

The trustees (who are also the directors of The Rising Sun Arts Centre Ltd for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees of the charity on .................... and signed on its behalf by:

......................................... Lina Maria Sofia Johansson Trustee

Page 3

The Rising Sun Arts Centre Ltd

Independent Examiner's Report to the trustees of The Rising Sun Arts Centre Ltd

I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 April 2021 which are set out on pages 5 to 17.

Respective responsibilities of trustees and examiner

As the charity’s trustees of The Rising Sun Arts Centre Ltd (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of The Rising Sun Arts Centre Ltd 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 accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of The Rising Sun Arts Centre Ltd as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or

  4. the accounts 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 102)].

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 accounts to be reached.

...................................... Antony Weller FCCA

David Jones & Co 2018 Limited The Centre Reading Road Eversley Centre Hampshire RG27 0NB

Date:.............................

Page 4

The Rising Sun Arts Centre Ltd

Statement of Financial Activities for the Year Ended 30 April 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Other income
6
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Other expenditure
9
Total expenditure
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
20
Note
Income and Endowments from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Other income
6
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Other expenditure
9
Total expenditure
Net (expenditure)/income
Transfers between funds
Net movement in funds		 Unrestricted
funds
£
1,050
10,241
3,380
14,283
28,954
(3,010)
(26,938)
(334)
(30,282)
(1,328)
(1,328)
17,970
16,642
Unrestricted
funds
£
9,259
10,000
36,923
14,738
70,920
(20,545)
(59,879)
(407)
(80,831)
(9,911)
500
(9,411)		 Unrestricted
funds
£
1,050
10,241
3,380
14,283		 Restricted
funds
£
-
16,850
-
1,890		 Total
2021
£
1,050
27,091
3,380
16,173
28,954 18,740 47,694
(3,010)
(26,938)
(334)		 -
(19,046)
(1,392)		 (3,010)
(45,984)
(1,726)
(30,282) (20,438) (50,720)
(1,328) (1,698) (3,026)
(1,328)
17,970		 (1,698)
8,232		 (3,026)
26,202
16,642 6,534 23,176
Restricted
funds
£
-
11,291
-
12,244
23,535
-
(13,742)
(1,561)
(15,303)
8,232
(500)
7,732		 Total
2020
£
9,259
21,291
36,923
26,982
94,455
(20,545)
(73,621)
(1,968)
(96,134)
(1,679)
-
(1,679)

The notes on pages 8 to 17 form an integral part of these financial statements. Page 5

The Rising Sun Arts Centre Ltd

Statement of Financial Activities for the Year Ended 30 April 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Reconciliation of funds
Total funds brought forward
Total funds carried forward
20		 Unrestricted
funds
£
27,381
17,970		 Restricted
funds
£
500
8,232		 Total
2020
£
27,881
26,202

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2020 is shown in note 20.

The notes on pages 8 to 17 form an integral part of these financial statements. Page 6

The Rising Sun Arts Centre Ltd

(Registration number: 03358765) Balance Sheet as at 30 April 2021

Note
Fixed assets
Tangible assets
15
Current assets
Stocks
16
Debtors
17
Cash at bank and in hand
18
Creditors: Amounts falling due within one year
19
Net current assets
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
Unrestricted income funds
Unrestricted funds
Total funds
20		 2021
£
4,514
397
5,993
27,999
34,389
(15,727)
18,662
23,176
6,534
16,642
23,176		 2020
£
6,238
3,227
5,059
22,524
30,810
(10,846)
19,964
26,202
8,232
17,970
26,202

For the financial year ending 30 April 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements on pages 5 to 17 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:

.........................................

Lina Maria Sofia Johansson Trustee

The notes on pages 8 to 17 form an integral part of these financial statements. Page 7

The Rising Sun Arts Centre Ltd

Notes to the Financial Statements for the Year Ended 30 April 2021

1 Charity status

The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation.

The address of its registered office is: 30 Silver Street Reading Berkshire RG1 2ST

Authorised for issue date

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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). They also comply with the Companies Act 2006 and Charities Act 2011.

Basis of preparation

The Rising Sun Arts Centre Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Page 8

The Rising Sun Arts Centre Ltd

Notes to the Financial Statements for the Year Ended 30 April 2021

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £100.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Page 9

The Rising Sun Arts Centre Ltd

Notes to the Financial Statements for the Year Ended 30 April 2021

Asset class

Improvements to property Equipment Computer equipment

Depreciation method and rate

10% reducing balance method 25% reducing balance method 33% straight line method

Stock

Bar stock is valued at the lower of cost and net realisable value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Page 10

The Rising Sun Arts Centre Ltd

Notes to the Financial Statements for the Year Ended 30 April 2021

Financial instruments

3 Income from donations and legacies

Donations and legacies;
Donations from individuals		 Unrestricted
funds
General
£
1,050
1,050		 Total
2021
£
1,050
1,050		 Total
2020
£
9,259
9,259
4
Income from charitable activities
Unrestricted
funds
General
£
Arts and creative activities
10,241
5
Income from other trading activities
Events income;
Other events income
6
Other income
Unrestricted
funds
General
£
Fees and supplies
1,547
Rental income
12,736
14,283		 Restricted
funds
£
16,850
Unrestricted
funds
General
£
3,380
3,380
Restricted
funds
£
1,890
-
1,890		 Total
2021
£
27,091
Total
funds
£
3,380
3,380
Total
2021
£
3,437
12,736
16,173		 Total
2020
£
21,291
Total
2020
£
36,923
36,923
Total
2020
£
12,244
14,738
26,982

Page 11

The Rising Sun Arts Centre Ltd

Notes to the Financial Statements for the Year Ended 30 April 2021

7 Expenditure on raising funds

a) Costs of trading activities

Costs of goods sold
Staff Costs		 Unrestricted
funds
General
£
3,010
-
3,010		 Total
2021
£
3,010
-
3,010		 Total
2020
£
16,718
3,827
20,545

8 Expenditure on charitable activities

Note
Arts and creative
activities
Staff costs
Allocated support
costs
10
Governance costs
10		 Unrestricted
funds
General
£
1,334
6,337
16,891
2,376
26,938		 Restricted
funds
£
7,608
11,438
-
-
19,046		 Total
2021
£
8,942
17,775
16,891
2,376
45,984		 Total
2020
£
14,453
24,147
32,693
2,328
73,621

9 Other expenditure

Depreciation, amortisation and
other similar costs		 Unrestricted
funds
General
£
334
334		 Restricted
funds
£
1,392
1,392		 Total
2021
£
1,726
1,726		 Total
2020
£
1,968
1,968

Page 12

The Rising Sun Arts Centre Ltd

Notes to the Financial Statements for the Year Ended 30 April 2021

10 Analysis of governance and support costs

Charitable activities expenditure

Basis of allocation
General office running costs
100
Total for 2020
Governance costs
Independent examiner fees
Examination of the financial statements
Total for 2021
Total for 2020
11 Net incoming/outgoing resources
Net outgoing resources for the year include:
Depreciation of fixed assets		 Unrestricted
funds
General
£
16,891
32,693
Unrestricted
funds
General
£
2,376
2,376
2,328
2021
£
1,726		 Total
funds
£
16,891
32,693
Total
funds
£
2,376
2,376
2,328
2020
£
1,968

12 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

Page 13

The Rising Sun Arts Centre Ltd

Notes to the Financial Statements for the Year Ended 30 April 2021

13 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Pension costs		 2021
£
17,316
459
17,775		 2020
£
27,255
719
27,974

The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows:

2021 2020
No No
Staff 2 3

No employee received emoluments of more than £60,000 during the year.

14 Taxation

The charity is a registered charity and is therefore exempt from taxation.

15 Tangible fixed assets

Cost
At 1 May 2020
At 30 April 2021
Depreciation
At 1 May 2020
Charge for the year
At 30 April 2021
Net book value
At 30 April 2021
At 30 April 2020		 Land and
buildings
£
8,725
8,725
6,929
179
7,108
1,617
1,796		 Furniture and
equipment
£
9,838
9,838
5,396
1,545
6,941
2,897
4,442		 Total
£
18,563
18,563
12,325
1,724
14,049
4,514
6,238

Page 14

The Rising Sun Arts Centre Ltd

Notes to the Financial Statements for the Year Ended 30 April 2021

16 Stock

16 Stock
Stocks
17 Debtors
Trade debtors
Prepayments
18 Cash and cash equivalents
Cash at bank		 2021
£
397
2021
£
4,265
1,728
5,993
2021
£
27,999		 2020
£
3,227
2020
£
3,331
1,728
5,059
2020
£
22,524

Page 15

The Rising Sun Arts Centre Ltd

Notes to the Financial Statements for the Year Ended 30 April 2021

19 Creditors: amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals
20 Funds
Unrestricted funds
General
General Fund
Restricted funds
Reading Borough Council
The Earley Charity
Arts Council England
University of Reading
Total funds
Unrestricted funds
General
General Fund
Restricted funds
Reading Borough Council
The Earley Charity
Arts Council England
Total funds		 2021
£
2020
£
13,230
8,090
103
364
90
88
2,304
2,304
15,727
10,846
Balance at 1
May 2020
£
Incoming
resources
£
Resources
expended
£
Balance at 30
April 2021
£
17,970
28,954
(30,282)
16,642
-
4,100
-
4,100
4,899
-
(2,465)
2,434
3,333
12,750
(16,083)
-
-
1,890
(1,890)
-
8,232
18,740
(20,438)
6,534
26,202
47,694
(50,720)
23,176
Balance at 1
May 2019
£
Incoming
resources
£
Resources
expended
£
Transfers
£
Balance at
30 April
2020
£
27,381
70,920
(80,831)
500
17,970
500
4,500
(4,500)
(500)
-
-
6,791
(1,892)
-
4,899
-
12,244
(8,911)
-
3,333
500
23,535
(15,303)
(500)
8,232
27,881
94,455
(96,134)
-
26,202		 2020
£
8,090
364
88
2,304		 2020
£
8,090
364
88
2,304
10,846
Balance at 30
April 2021
£
16,642
4,100
2,434
-
-
6,534
23,176
Balance at
30 April
2020
£
17,970
-
4,899
3,333
8,232
26,202

Page 16

The Rising Sun Arts Centre Ltd

Notes to the Financial Statements for the Year Ended 30 April 2021

21 Analysis of net assets between funds

21 Analysis of net assets between funds
Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
General
£
2,080
29,089
(14,527)
16,642
Unrestricted
funds
General
£
2,412
24,872
(9,315)
17,969		 Restricted
funds
£
2,434
5,300
(1,200)
6,534
Restricted
funds
£
3,826
5,938
(1,531)
8,233		 Total funds at
30 April
2021
£
4,514
34,389
(15,727)
23,176
Total funds at
30 April
2020
£
6,238
30,810
(10,846)
26,202

Page 17

The Rising Sun Arts Centre Ltd

Statement of Financial Activities by fund for the Year Ended 30 April 2021

Unrestricted Funds

Income and Endowments from:
Donations and legacies
Charitable activities
Other trading activities
Other income
Total income
Expenditure on:
Raising funds
Charitable activities
Other expenditure
Total expenditure
Net expenditure
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Total
Unrestricted
Funds
2021
£
1,050
10,241
3,380
14,283
28,954
(3,010)
(26,938)
(334)
(30,282)
(1,328)
-
(1,328)
17,970
16,642		 Total
Unrestricted
Funds
2020
£
9,259
10,000
36,923
14,738
70,920
(20,545)
(59,879)
(407)
(80,831)
(9,911)
500
(9,411)
27,381
17,970

This page does not form part of the statutory financial statements. Page 18

The Rising Sun Arts Centre Ltd

Statement of Financial Activities by fund for the Year Ended 30 April 2021

Restricted Funds

Restricted Funds
Income and Endowments from:
Charitable activities
Other income
Total income
Expenditure on:
Charitable activities
Other expenditure
Total expenditure
Net (expenditure)/income
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Total
Restricted
Funds
2021
£
16,850
1,890
18,740
(19,046)
(1,392)
(20,438)
(1,698)
-
(1,698)
8,232
6,534		 Total
Restricted
Funds
2020
£
11,291
12,244
23,535
(13,742)
(1,561)
(15,303)
8,232
(500)
7,732
500
8,232

This page does not form part of the statutory financial statements. Page 19

The Rising Sun Arts Centre Ltd

Detailed Statement of Financial Activities for the Year Ended 30 April 2021

Income and Endowments from:
Donations and legacies (analysed below)
Charitable activities (analysed below)
Other trading activities (analysed below)
Other income (analysed below)
Total income
Expenditure on:
Raising funds (analysed below)
Charitable activities (analysed below)
Other expenditure (analysed below)
Total expenditure
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Total
2021
£
1,050
27,091
3,380
16,173
47,694
(3,010)
(45,984)
(1,726)
(50,720)
(3,026)
(3,026)
26,202
23,176		 Total
2020
£
9,259
21,291
36,923
26,982
94,455
(20,545)
(73,621)
(1,968)
(96,134)
(1,679)
(1,679)
27,881
26,202

This page does not form part of the statutory financial statements. Page 20

The Rising Sun Arts Centre Ltd

Detailed Statement of Financial Activities for the Year Ended 30 April 2021

Donations and legacies
Donations
Donated use of facilities
Charitable activities
Grants receivable
Grants receivable
Grants receivable
Grants receivable
Other trading activities
Fundraising events
Bar takings
Other income
Rental income
Other income
Other income
Other income
Other income
Raising funds
Opening stock
Bar supplies
Closing stock
Wages and salaries
Licenses
Charitable activities
Wages and salaries
Wages and salaries
Wages and salaries
Wages and salaries
Staff pensions (Defined contribution) - pension scheme 1
Travelling
Rent
Rates and water		 Total
2021
£
1,050
-
1,050
4,100
-
12,750
10,241
27,091
2,762
618
3,380
12,736
-
1,890
1,467
80
16,173
(3,227)
-
397
-
(180)
(3,010)
-
(9,548)
(1,890)
(5,878)
(459)
(20)
-
(4,438)		 Total
2020
£
2,059
7,200
9,259
4,500
6,791
-
10,000
21,291
5,480
31,443
36,923
14,738
12,244
-
-
-
26,982
(5,897)
(13,019)
3,227
(3,827)
(1,029)
(20,545)
(1,000)
-
-
(22,428)
(719)
(8)
(7,200)
(5,677)

This page does not form part of the statutory financial statements. Page 21

The Rising Sun Arts Centre Ltd

Detailed Statement of Financial Activities for the Year Ended 30 April 2021

Light, heat and power
Insurance
Repairs and maintenance
Repairs and maintenance
Book-keeping
Events and project costs
Events and project costs
Events and project costs
Events and project costs
Telephone and internet
Office expenses
Computer software and maintenance costs
Printing, postage and stationery
Advertising and promotion
Trade waste
Subscriptions
Independent examiner's fee
Other expenditure
Depreciation of improvements to property
Depreciation of equipment
Depreciation of equipment
Depreciation of computer equipment
Depreciation of computer equipment		 Total
2021
£
(5,491)
(1,904)
-
(10)
(960)
-
(1,073)
(6,535)
(1,334)
(1,335)
(2,080)
(191)
(242)
-
-
(220)
(2,376)
(45,984)
(180)
(508)
(154)
(884)
-
(1,726)		 Total
2020
£
(3,537)
(1,816)
(331)
(6,169)
(2,110)
(3,500)
-
(8,911)
(2,042)
(1,625)
(920)
(189)
(417)
(1,991)
(703)
-
(2,328)
(73,621)
(200)
(677)
(205)
(884)
(2)
(1,968)

This page does not form part of the statutory financial statements. Page 22