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:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
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:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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