Cornpany registration nutnber. 03358765
Clwity registration number.. 1062630
The Rising Sun Arts Centre Ltd
(A company limited by 8uaraDtee)
AwlU￿ R¢port atsd Finullcial Statement8
the Year Elld&l 30 April 2023
David JoDe5 & Co 2018 LitDited
The Centre
Reading Road
Ev¢r51ey Centre
HampshAr¢
RG27 ONB

The Rfisfing Arts Centre Ltd
Contents
Rcftr¢nGv and Administrativr Dctails
Trust¢e$'Report
2to5
Ind¢pendeot ExamineI5 Rep)rt
Sl*mellt of Financial Ac¢iviti¢5
7t08
Balanee Sheet
Trte8 to tbe Financi41 Statements
1010 19

The Rising Sun Arts Centre Ltd
Reference and Adminirytrative Details
Senlor ManaEemelltl IAdership Larry Watson
TeAm
Ch&rltyR¢glstratlon Nurnbgr
1062630
CompAny Rwstration Nurnber
03358765
The ¢baTity i8 Inwryorated in Englaud.
30 Silver StrEct
Reading
Berkshtre
RGI 2ST
R•gistered Office
Jnd¢p¢ndent Kx•rniDcr
David Jgne$ & Co 2018 Lio)ited
The Centre
Reading lioad
Eversley Centrc
RG27 ONB
Page I

Tbe Rising Sun Arts Centre Ltd
Trustees, Report
The Irustees. who directors for tht purposcg of COTnpany law, preseDt the allnual report tO8cthcr with the
financial statements a[￿ aL￿￿tors, rewrt of the cbarilabl¢ company for the year ended 30 April 2023.
Objectives aod activitiES
Objects ondaims
The Rising Swi Arts Centr6 is a community arts facility whose ain]s aDd objectives &5 laid out the Articles of
Association are 'to provide facilities for so¢iai w¢lfare. re¢reation and leisure-tinK to the inhabitants of Reading
(regardles$ of g¢nd¢r. sexual ori¢t)latioD. rdce or politiGal ur r¢ligiou5 0pillioD5) wTrth the objECtivr of in]proving
the qU￿lty of lifr for these itibabitattts,.
The RisiDg Sun'5 mi$5iOO is to create avibrdnl inclusiY¢ spac¢ where creetivity flourishes.
Our values ar¢ PaTtlG1patio￿ Creativity and Knowledge.
The vision of the Centre is:
. To 5UPWrt a collJttLullity of PEople aud groups brought tosetheT by a shaT¢d belief ill the abi]ity of the arts to
¢r¢aic an incknivc cultyre.
b To develop & conmiLmity built around creativity in a 8pa¢e owjd )￿d by the people who use it.
Page 2

The Ri¥ing Sun Arts Centre Ltd
Truytees, R¢port
Objeellves. J¢Mle8kn dndacllvltles
Th¢ C¢nttt conti1ll￿$ to work witb a widE range of cotDmuDiti¢5 and ¢reativ¢ organi8ation5 to achi¢ve its aim of
enabling p¢oplc all backgrounds to participate sctive]y in th¢ arts. This y¢ar we have brougb¢ additlDttNI
skills alld to our board with new ttustees who have experience of wotking in participatory fields at
managing community space&. We ¢ODtinu¢ to widen the scope ofour COllllbWLity activiti¢s al￿ rontinuB to grow
our volunteer team.
Involvement in the C¢ntre has steadity and we foTes¢e a continued development of people fft)initig u8
volunt¢¢rs. W¢ work with a widc range of ¢4mllllutiity group5 ￿ creative individL￿28. Creative organisations
alld groups conttnue to work with as partners in projects OT to we the Ccntre's facilittes.
W¢ bave estsbls5h¢d a strong r¢lationshrp with Reoding Refigee Support Group and sup1￿ refugees #nd
asylum s¢¢k¢rs In a vari¢ty of Wdys.. nmnillg dre55ll￿1￿￿ 5eS5ioDs for rrfvsee8 and IxoldiDg exbibitions of
atbvork by refugee artists. We have welcomed a nLunbBr of refugces as voluntecrs. Our rclationshlp MTrtb Double
Ok, a que¢r and trdDS arts collective, has led to all increas¢ of events run by and for tbe LGBTQF comnLunRty
from a variety of orgpnisatiot]s. We haye givell ac¢¢ss to the C¢ntre to youug people to run their own nigbt alld
hav¢ supported to rull EV￿ts. a5 part of th¢ Centre'5 core progran￿e includiDg an event for Black History
Month. We contÈnue to work with the Older People5 Coll]M￿ty Champions Team, with Real Time Video 2nd
Open Mind. Hnd SUFPOrt VI number of iDitiatives by peopl¢ with learning disabilities. Our one day festival.
Here Come5 Th¢ Sw vns a gre￿ 5u¢ce5S.
We have developed new volunteer t¢gJns. most notably a social tnedia and a new visuat arts tearn.
Other teams are continuing to attract membeTh aNd grow in 5frength. Ow meetings of everyone are looking at
howwe expalld the participative nAtllre of the Centre and how w¢ hand in¢tt&s¢d ow#¢rship to volunt¢Brs.
Th¢ Centre completed its fea$l￿111ty study which vms funded by the Guild Project and whith looked at the cage
for d¢v6loping thB Centre's work through increased wnununity ¢ngagem¢nt and development of the building
and site at 30 Silver Strect to piovidc mor6 space and facilitics for the arts. The feasibilily study suggested ibat
increased space foT visual arLs and better acttss w¢r¢ two clear areas of need. One of the aims of the frasibitity
study was to rth¢¢ ow ¢arknn f￿tyrint and this will be amajor al￿ going forwaThL
The ￿￿1bilIty study will eDable us to engage with investment orgaDi8ations to dev¢lop support for th¢
olganisation's k)ng tern developnwiL
The Rising Sun wlltitiucs to develop tts work to enswe a5 people as p055ible are th1¢ to access the arts
and ¢ulture in Reftding and eolltinue5 to develop its Murking prdctice to ensure thai it rernains viable aDd able to
de]iveT work wAth limited re80urce5.
PublRc benefjt
Th¢ tru8tces confjrm tha¢ they Iwe complied with the requirements of section 17 of the ch￿Iti¢S Act 2011 to
have du¢ regard to th¢ public benefit publisknd by the CEMrity Com]nts5ion for En￿d and Wales.
Fillancial re￿¢
Polley on rc¥epv
The Board have Lxamitted the Charity CorAnissiott's requirements foT Reserves in li8ht of the main risks to the
organi5ation, and have consequently established a policy whereby the Reserv¢s Should cover 3 months, nwnillg
costs.
CurThtiy this requires an amount of around £20.000. andwe bave been &bleto reach this level.
Page 3

The Rising Sun Arts Centre Ltd
Trustees, Report
Trastees 8nd offJter8
Thc trustCCS officer8 sErving duting the year and since the ye4r end w¢r¢ as follows:
Trustees..
L JohaD$8on IResÈgned 8 January 2023)
M R Foulkes (R¢sigtttyJ 8 J&ttuary 2023)
D L Lovett (Resi￿ed 8 Januery 2023)
JAdaEns (Re5iglled 8 January 2023)
C Robertson (oppointed 8 J￿llary 2023)
G K Field (apiK)inted 8 Jaouary 2023}
J G Wakeman (4pwJint¢d 8 Janwy 2023)
Seniormanagement /Le4dership Lftrry Watson
S¢ructsry govern*llce a￿d maD•gement
JY&lMre ofgover*lKg dornmeAI
The ¢lwity is controlled by its governing dOCu￿¢ll( a Memorandum and Articles of Asso¢l&tio￿ and
onstilute5 a private li]Dited rotnpany. lill]itsd by 8uardntee, as dEfined by the Compallies Act 2006.
Org4nisotionulstr¥dure
Th¢ organisation ha5 a board of three trustees. The board 15 independent of senior managernenuexecutive
leadenhip. The Man4g¢r of tb¢ ¢¢ntr¢ wo￿8 part time and supports a volulltccr wOt*fo￿¢ with siwjificant
oper21ion21 respowibiltties. Board membeTS serye for & maximum of 4 years and are ele¢ted at th¢ AGM in line
witb the organisatioti's Memorandum artd Articles orAS￿l￿tE0rt.
Mdjorrlsks *ndmandgem*n¢ofthoserl¥kF
Risk
The trDstees bave a duty tsy idelltify and reviEW the risks to which the chwity is exNJy¢d and to ell8￿e
appropriate eontrols are iti place tr> provide rwonable o$surn￿¢ 4gain5t fraud and e￿or.
The trustees actively review the major risks whsch the charity faces on a regul￿ basis and believe that
mait)trining ¢es¢rv¢s at ¢urrent levels, wmbined with an annual rEview of the contro15 over key finan¢ial
system8. will provide suffieieol resourees iti the event of adYeTse cottditioThs. They have also examincd other
operational alld business risks faced by the charity and believe that they haye established system5 to mitigate
these ri5k5.
Ststemellt of trnstees, responslbllitle8
The trllstees (who are also the dir¢ctsr5 of The Rising Swi Arts Centr¢ Ltd for the puryo8¢s of ¢onxpany law) are
responsible for pr¢pBring the In￿te¢s, report and the financial ststemeA￿ in acci)rd8thce with applicable law at
Unit¢d Killgdo￿ Accounting Sknndards (Ullitrd KiDgdotll G¢llrr&lly Acceptsd AccourrtiDg Practice), Incl￿ding
FBS 102 "The Fitwi¢ia] Reportiiig StandArd app]i¢able in the UK and Repub]i¢ of Ittl￿d..
Page 4

The Risillg Sun Arls Centre Ltd
Tru5tcesl Report
Company law reqvires the trn8t¢es to prepare finpn¢tal statetnents for ¢a¢h finaM¢ial year. Under ¢ompat)y law
the trust¢es tt)ust not approv6 thE financial statEmcnts kthlEss they arE 58ti5fiEd that th¢y 8ive a truE ￿ fair vicw
of the stste of affairs of the charitable company attd of thc Èncomit]g rcsources and application of Tesourcc4
including its incom¢ and ¢xpenditsw4 of th¢ diaritabl¢ company for that period In preparing fiDattcial
5to¢em¢ttts, the trustees are ￿quire41 to:
selcct suitable acc4)unting policies aDd apply them co]]8iStotly,
observe tbe methods and principles iti the Charities SORP.
make judgemeDt5 and estimates that are reasonable and prudenL
state whetber applicable accounliD8 Standards, comprising FRS 102 have been followe4 subject to
mat¢rial d¢partur¢5 disclosed aod ¢xpla&n¢d in tb¢ financial 5tatem¢nts" and
prepare the fffillallcial statements on the going concern b&818 unless it is inappropriale to presume that the
Iwitable wmpany will ¢Olltinue in busines5.
Th¢ tr￿te@S are ￿spOT)S]ble for keopillg pmper accounting record5 tbai can disclose with reasonable a￿UraCY et
any time the financia] position of the charitable ￿mpally and enable them lo ¢￿$￿e the fingncia] statement5
coinply with the Companies Act 2006. They ar¢ also TespoJsible for saf¢guardiDg th¢ a55ets' of thE ¢haritsble
company And hence foy taking reasotvdble steps for the prevention and dete¢tion of fraud and other irregulatities.
The trust¢e8 are T¢sponsibl¢ for the maint¢nanc¢ and integrity of th¢ corporate and financi￿ inf0m￿tKIn
included on th¢ charitable ¢oJnpatiys website. Legislation governing the preparation and dissemination of
fmallcial 5tatemellts differ fro￿ IEgi51ation ill otber jurisdictions.
The annual rcport was approvcdby the trusteu of the charity on 17 January 2024 and signed on its beh￿f by.
C Robertson
Tn￿ter
Page 5

Tho Rising Sun Arts Centre Ltd
Independent Examiner'8 Report to the trvtees of The Rising Sun Arts Centre Ltd ('tbe
Company'}
I rcwrt to the charity trustees my examrttatiou of the accounts ofthe Company for the y¢ar ended JO April
2023.
Resp0*51blIi￿eY aud ba515 of report
As the Glwity's trustees of the Cornpany {and aly) its dire¢tor5 for the PU￿08¢S of wmpany law) you are
r¢sFrf)nsiblc for the preparntion of the accounts in a¢o)rdan¢e with th¢ requirements of th¢ Companies Act 2006
{'the 2006 Act.).
Having Sati8fi￿ myself that the a￿Unts of the Company are not required to be audited under Port 16 of the
2006 A¢t and are eligiblE for indep¢lldt¢rt examination, I report in re$peGt of ￿Y ¢xanJination of your r]Jarity'
a¢couttts os c8ttied out under sectlon 145 of the Charities Act 2011 ('the 2011 Act.). In carryittg out my
examKnatiots I have followed the Directions given by the Charity Comtni5sion under s￿tion k45{5)(b) of the
2011 Act.
An independent e¥amination doe$ not involve gathering all th¢ evid¢n¢e that would be required in an audit and
cotwueThdy does Dot cover all the matters that an auditor considers ill giving their opinioll on the accounts. The
planning and conduct of au audit goes beyond the limited assurance that an independent exan)inakn can
provide. Cotjsequentty l expr¢ss opiniott as to whcthw the aGcounts prcsenl a 'tw¢ and fair, VI￿
ieport is iimited to those specifi¢ matters set out iti the illdepcndenÉ examitter'$ stateEneni.
Independent •xaminer's statement
I have eoEnple*d my cxamination. I confirni that no rnatter5 have eome to my attention in col￿e¢tiOn with the
examination giving me CAU￿ to believe..
counting records We￿ not kept ill respect of The Rising Sun Arts Centre as T¢quitrd by SECtion 386
of th¢ 2006 ACL or
2. the 8ccounts do not accordwith those records. or
3. th¥ accoull¢s do t￿t ¢omply w5tiL the accounting requirements of section 396 of the 2006 Act other than
any requirement that the ac¢owLt5 give a'trut and fair view which Ks not a matter c4)DSidered part of a
4. the a¢coullt8 have not been pwared in a¢¢ordaI￿¢ with the method5 #Dd prillriplts of the Statemellt of
RecOn]￿ended PractiLZ for accounting alld reporting by clwities lapplicable lo ¢hariti¢s preparing th¢ir
accounts
cordance with the Financial ReportiD8 St2lldaTd 8pplicBble in the tIK 8od Republic of
freland
02)].
I JJavE
and have LY)me ac)X>55 no other n7atleTS in conn¢ction with the examination to which att¢ntiim
in this report llj Order to enoble a pmper understsnding of the ￿0th)t$ to be rea¢hed.
Antony Weller
FCCA
David Jones & Co 2018 Limited
The Centro
Readitig Road
Eversley Cejrtre
H￿p$hIre
RG27 ONB
17 January 2024
Poge 6

The Rlsing Sun Arts Centre Ltd
Statement of Fillancial Activities for the Year Ended 30 April 2023
(IncRllding Income ¥4nd Expenditure Account and Statement of Total Recogni5ed GaiDs
and Losses)
Unrestricted
fund•
R£stricted
fuDds
Total
2023
Endowments fTOm:
Dottations and legacies
Charitable activities
Oth¢r trading activities
Other income
9.087
9,087
15,040
37J40
7.772
15.040
37,340
5.112
1660
Totsl inwme
51,539
17,700
69239
Expenditure on:
Raising fimds
Cbaritable activiti¢8
oth￿ expenditt￿¢
Total expcndiknr6
(8.744)
(51.973)
1.128
(8.744)
(63.115)
(1.556)
(11,142)
(428)
61,845
11,570
73.415
Net (£xpeAditure)fJtteome
Net movemettt in fjjnds
(10.30
4,176
(10.306)
6.130
(4.176)
Rt¢onoli4tion of fvnds
Totsl fimds brought forwaTd
Total funds caFtied forThErd
40.141
8,106
48.247
29,835
Unrestrirted
funds
14.236
Rèstrltted
funds
44.071
Tutal
2022
Note
come and Endowme•ts Irom:
Donations &nd legacies
Charitable activllies
(￿her tradillg a¢tiviti¢$
3.578
10.667
12.962
25.905
3,578
40,449
12,962
27,795
29,782
1.890
Totsl inme
53,112
31,672
84,784
Expenditure OD:
Rai5in¥ fimds
Charitabl¢ aGtivitiE5
Othff ¢xpenditure
(412)
(36,391)
1,202)
{2,006)
[20.675)
{1,419
{2,418)
(57.066)
2,621)
38.005
24.100)
62.105)
Net it￿0￿e
Transfers bet￿¢￿ fiu
15,107
6,000
7,572
6.000
22,679
Net n￿Vement in fimds
21.107
1.572
22,679
The on pag¢s 10 to 19 fonn att intsgral partofthese fiDancial stthrnents.
Page 7

The Rising Sun Arts CellÉre Ltd
Statement of FinaneiAI Aetivities for the Year Ended 30 April 2023
ncluding Income and Expenditure A¢¢ount and Ststement of Total Recognised Gains
and Losses)
Unrestricted Restrleted
funds
funds
Totsl
2022
Nots
Reeolltlllatlon ofrund8
Totsl fiJnd$ brought foTw4rd
Totsl fi￿dS C￿rIed fonvard
19,034
6,534
25.568
20
40.141
8,106
48247
Ali of the ¢harity's activiti¢5 d¢rivc frolll continuing op¢ratiOll8 thJTiDg thr above two pwiod5.
The ftyth br¢akdowm for 2022 is Sl￿w￿ in nott 20.
The notes on pages 10 to 19 forni an i￿egra1 part of these financtal statements.
Page 8

The Rising Arts C¢ntre Ltd
(Registration number: 03358765)
Balance Sheet &¥ F4t 30 April 2023
2023
2022
Note
Flxed *￿et$
Tan￿1)1¢ 88sets
15
10.453
11,753
Current assets
Stocks
Debtors
Cash * ba]Jk in Iwid
16
17
18
4,870
6,832
29.328
2,285
27,116
19.054
48.455
41,030
CreditOTJ: Ajnowits fauing doe witbin one year
19
7,412
I 1,961
Net eurYerAt assets
33,618
36,494
Net
44.071
48,247
Rostrirt¢d in¢om• fwid5
Restiict¢d
14,236
.106
Unr¢strict¢d income fwid8
UnrtstriLted funds
29.835
40,141
Tot41 fuDds
20
44.071
48247
For the fit]anGial yeat ending 30 April 2023 the cbarity was etttided to exemption from audit utsdex s￿11)n 477
of the Companicy Act 2006 telating to small companie5.
Directors, r¢5FKin$ibilitics:
The m¢mb¢rs hav¢ not required the chArity to obtain an audit of its accounts for the year in question ill
accordance with section 476. alld
The directors &cknowled8e their resp)nsibilities for CO]nptying with th¢ r¢quiT¢ments of the Act with r¢spe¢t
to ¥wunling records and tbe preparation of aco)unts.
The fjnaDcial sWenwits on pages 7 10 19 were approved by the trustses. and authorised for issue on 17 January
2024 and signed on their behalf by..
C Robertson
The note5 oll pages 10 10 19 forn) au integrA] part of thes¢ fjnan¢iAI stat¢m¢nts.
Page 9

The Rising Sun Arts Centre Ltd
Notes to the FiDan¢ial Slatenients for the Year Ended 30 April 21J23
I Charity statu
The charity is limited by guarantee. incorporated in Ellgland. wjd Ly)nseq￿ntfy doES not have share capital. Each
of the trustees Is liable to o)ntribute an amount not exce¢ding £Nil towards the ￿ets of the charity ￿ the event
of liquidation.
The address of its registered office is..
30 Silv¢r StrcBt
Berk8hire
RGI 2ST
Th¢se f￿a￿la1 stat¢ments were authorised for is8￿ by the trustees on 17 lallU￿Y 2024.
2 Aceountfittg ￿]1¢1￿1
Sununary of sigDificallt 8ceountin% policies &nd key &c(ounting e5timgte$
The priucipai accountillg policies applied in the preparation of these financi￿ stalernettts ar¢ 8¢t out b¢l¢)w.
These po]i¢i¢s bavc been consistently applied to all the years pre5cntsd, unless oiberwi3e stste(L
Ststem¢nt of eompli4llQ
The rtllallc1￿ staleDJ¢nts have been pr¢par&l in ac¢oTdaDce with Accountll]g olld Reporting by Charitie$'.
Statement of Recomrn¢nd￿ Pra¢ti¢e (appli¢4ble to Charities preparing their accoutts in accordance with the
FI￿all¢]￿l R¢p)rting Standard applithle in th6 UK and Republic of treiand IFRS 102)) (Issued iTh OctobeT 2019)
- (Chartties SORP (FRS 102)), the Fillaticial Reporting Standard applicable in the UK and Ryblic of Irclalld
(FRS 102) athd the Act 2006.
Ba51J of pr¢paratSon
The Rising Svn Arts Centre Ltd meets th¢ definition of n public bell¢frt entity under FRS 102. Assets ftod
liabilities are iTriti8lly r￿gniSed at hxstori¢al ¢0st or tra1￿0￿ valuc uul¢ss otheThvise 51ated in the relevant
ac¢ounting policy notes.
Goill¥ concern
The tnTslees consider that tI￿re att Mo matsrial uncertainttes about the chariws ability to conlin￿e as a 8Oill8
conc¢rn llorauy Significant aTe&s of UnCertai￿ty th&t affect the carrying value of &8sets held by the ¢barity.
Jntome and e&dowmeDts
All income is recoglli5ed once the charity has ¢ntiÈlement to the incoTr￿, it is probable that th¢ income will be
received andth¢ amount of the In￿rne r￿e1Vable can be m¢a5ur¢d reliably.
Donation5 are reco8Di5ed wben the chaTity ha5 b¢eL Thotified in writing of both th¢ amount RDd settlement date.
In the cvtnt tbat a donation is subject to coDditions that require a level of perforn)ance by the ¢harity before the
charity is ¢ntitled to the fimds. tb¢ ill¢ome is d¢frrred and not ￿ognIsed until either those eottditions are ful]y
m¢i or the fulfilment of thos¢ conditi()ns is wholly wtthin the control of the ¢hority and it l5 probable that these
tylitions will b¢ fiafilld in the reporting period.
Page 10

Tb¢ Rising Sun Arls Centre Ltd
Notes to the Finanei81 Statements for the Year Endcd 30 ApTiI 2023
Expendithre
All Cxpenditurc is rec0gll1￿d Dllcc there is a lesal oi constructive obligatioD ￿ that Expenditure, it 15 piobable
settierrltnt ig required It￿ the amount can bc M￿Ured reliably. All costs are a]located to the 2pplicable
ex￿ndIt￿re headtng that aggregate similar to that category. Wh¢r¢ costs cannot be directly attributed to
particul￿ headings they h&ve b¢¢n allocated on a b&%is consffistent with the of resources, with ceutTrl staff
5ts altocated on the basis of tim¢ sp¢nL and d¢pwiatiQD charges ￿loCated on the ￿ttl0￿ of the asset's w¢.
Other Support costs are allocated based ott th¢ spread of staff ¢osts.
Raulngfundf
These are cost5 incurred ill aitra¢titig volwLlary incotllw thr of illv#lm¢nts and those incurrd in
tr&ling activities that rnise fijnds.
Ckarltable t7cllvllks
Charitabl¢ expenditure comprises those costs incurred by the charity the de]ivery of its ¥rtiviti¢s ond services
for its beneficiaries. It illcludes both costs that can be allocated directty to such activiti¢s and th05¢ ¢osts of all
indirect nature ￿￿e$Sary to supportthem.
Support rusts
Support costs illclude central fUnctio￿S and Iwe been allocated to activity tyjst ¢at¢gtiTies ou a basis coJsist6nt
with tht U3E of re50urGe5. for exaD)ple. allocaling propEty costs by floor areas, OT per capit4 Staff costs by the
time spettt attd othcr costs by their u588e.
Governancc costs
These include tbe costs attribulabl¢ ts) th¢ ¢lwity'5 co]npliall¢¢ with CDnstitutional and statutory rcquiT¢maLts,
including audii strategi¢ manag¢ment and trustees meetings and reitnbursed ¢xpenses.
T#x#tio
The ¢har5ty is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Aet 2010 #thd
therefore it meEts the definition of a Gharttable company for UK eorporatiorl t&¥ pury>oses. Ac£ordingty. the
charity is Potentially exety from tyxation in re$pecl of inconw or capitsl gains received within categories
covered by Ch&pt¢r 3 Part 11 of tbe CoTP)r&tion Act 2010 or SrGtiDn 256 of the T&xation of Chargeabl¢
GaiD$ l992. to tkn extetrt that such in¢ome or gain5 Are applied exclusively to chajitable pwposes.
Tanglblt fixed asset8
Individual fixed a85¢ts costing £ll)O.00 or more are Initi￿lY recorded at cosL less any subsequEnt act￿Mulated
depr¢ciation and subsequent aGcu]Thulat£d impairmellt 105ses.
Page 11

The Rising Sun Arts Centre Ltd
Notes to the Fiwaneial Statejnents for the Ye¥dr Ended 30 April 2023
Depretiation 8mortiBatloJ
D¢pr£ciation is provided on t￿Ible fixed assets so as to ￿lte off the cost or valu￿10￿ less any estinthted
residual valuc, OVCT their expected use￿] as follows:
Asset class
Improv¢m¢nts lo property
Equipment
Computer equipment
D¢pr¢cÉation method and rats
IOQ/o rethicillg bala￿¢ met]Mxl
25% reducin8 balance method
33% straigbt line method
Stsck
Bar stock is valued atth¢ lower of Cost atLd net rali&able value.
Trode dtbtsrs
TradE d¢bfr)TS are a]nounts due from customers for merchandise sold or servi¢es perfornied in the ordinary
course of busine8S.
Casb alld cash equlvalents
Cash and cash equivalents comprise casb oll hand alld call d¢posity ond other $i￿rt-t¢￿i highly iiquid
iuv¢Stm￿ts that are readily convertkble to a known amoutst of al￿ are subject to an insignificHllt risk of
change in th.
Tr4do ¢reditors
Trade creditors are oblÉgations to pay for goods or 5eryices that have been acquired in the ordinary course of
business from wppliets. AwU1￿ payable are classifieo as current liabilities if the ¢barity doB8 not have an
UDconditional righ( at th¢ eod of the reporting perio( to dcfcr 5cttlcm¢nt of th¢ GKditor for at least twelve
months after the reporting date. ]f there ig an unconditional rt8ht to d¢fer 5cttlcment for at Icwt twelve months
aft¢rthe r6POrting date. they are presented &8 non-cwrent Itabilili¢5.
Fund strllcture
UllrestriGtpd income filltds are general funds that atE availablc fj)r use at the trustees discretion in firtheran¢e of
th¢ objediY¢s of the ¢harity.
li¢strict¢d itwme fifftd5 are those donated for we in a particutar area or for specific pwrposes. tbe us¢ of which
is restricted to that area or purpo￿.
Pension5 wnd •th¢rpost retirement obligations
Th¥ clwity operates a defined coDtribution pension s¢heme wbich is a P¢D5iQll plvll ￿der wbicb fJxEd
LxyntributioDs are paid intt) a pensic)n fimd and the ch￿lty has no legal or constrnctive obligation to pay furthcr
ontributions even if the find d￿S not hold $uffi¢ienl &ssets to pay all eEnployees the benefits relating to
en)ployee servic¢ in the al￿ PriDr periods.
Contrtbution5 to defined contribution plans are re¢ognis¢d io th¢ Stat¢ment of Financial Activities Moen they ar¢
due. If contribution paymcniq cxceed the coftthblltsot) due for seryice, the excess is r¢cogni$td a5 & prepaym¢llt.
Page 12

The Rising Sun Arts Centre Ltd
Notes to the Financial Statements for the Year Ended 30 ApriI 2023
vID4￿d￿l
3 Income froFn donations aDd lexaciu
UDre8tricted
funds
General
Tot#1
2023
TDtsI
2022
DDDatioDs and legacies;
I)onatioL8 from individuals
9.087
9,087
9,087
9,087
3,578
3,578
4 ch&rit&ble attivltl
I'otal
2012
fund&
2023
Arts at)d creative activitLes
15.040
15.040
40.449
5 I￿￿￿e frojn other tradinE 8Ctivitios
Unrestrieted
ds
Gener81
Totsl
nds
Total
21122
O¢ker ¢Y¢llts income
37,340
37.340
12,962
37,340
37.340
12.962
6 Other Income
Unre¥tric¢ed
rllllds
General
Restrided
fuDds
To¢*1
2023
Total
2022
Fees and supp]ieg
267
4,845
5.112
2,660
2,927
4,845
4.185
23.610
2,660
7.772
27.795
PHge 13

The Rising Sun Arts Centre Ltd
Notes to tbe Financi¥dl Ststements for the Yvar Ended 30 April 2023
7 Expendlture ratslng Th￿d$
rd) Costs of tradlng aethuties
Unrestri£ted
ds
GenerAl
Total
21)23
Total
21122
Costs of 8oody sold
8,744
8,744
2,418
8.744
8,744
2,418
8 Expelldliu￿ oneharttabIt artlTrltles
UDr¢stri¢tsJ
Rostrlcted
funds
Totsl
2022
General
2023
l¥ote
Arts and crcative
tivities
stsff ¢osts
Allwat¢d sUp￿)rt
costs
Governance costs
li
29,542
6,307
2,660
6J18
32202
16.343
22,008
io
io
19,176
3,244
2,175
21,351
3244
15.619
3.096
51,973
11,142
63.115
57,066
9 Other expcnditur¢
Unrertrleted
fuThds
Cetternl
Restricted
funds
Total
2023
Tothl
2022
D¢pr¢¢ial5o￿ amortisation 4nd
other simiiar costs
1.128
428
1,556
2,621
1.128
428
1.556
2,621
Page 14

Tbe R&sing Sun Arts Centre Ltd
Note3 to the Financial Statements for the Year F4nded 3(1 April 2023
10 Anatysi5 of Eoveniance and costs
Charil8bl¢ &ttlvities expendtture
Uttr¢¥tri¢t¢d
ds
Gelleral
Restricted
funds
Total
Basis of Alloeatlo
loo
General offLce rut￿]ng costs
L9,176
2,175
21351
Tothl for2022
15,619
15,619
Gov¢rll4n¢e
Uttre$tri¢ted
fllnd8
G¢n¢Tal
Total
nds
Jndependent ¢xao)iner fees
ExAtninatiott of the financial $tatcrntnts
3244
3,244
Totsl for 2D23
3,244
3.244
Total lor 21122
3,096
3.096
11 Net ADeomlngloMtgoln8 resourees
N¢t (outgoingyincoming rsourc¢5 for the year includ¢:
2023
21122
Depreci&tionof fixed assets
1.556
2.621
12 Trustees remulleratÉon wtd expeDSes
No trustees. any perSODS connected with th¢m, hay¢ ￿e1Ved any remwA¢ration froj)) th¢ ¢harity during the
ar.
No tru5tsE5 h￿￿0 ￿ee]y¢d any r¢imbu￿ed expellses or sny other benefits fromthe c￿lty during the year.
Page 15

The RisRng Sun Arts Centre Ltd
Notes to the Financial Statem¢nts for the Year Ended 30 April 2023
IJ Staff costs
The aggtegats payroll costs were #s fi)Ilows:
21123
2022
St4ff ¢osts during th¢ y¢arTrvor•:
Wages and salari¢¥
Pension ¢o5ts
31,743
459
21,549
459
32202
22.008
The monthly averdge number of persons Cmcluding senior management / leadcysbip tegm) employed by the
¢harity durtn8 the year expressed as ￿11 time equiYal¢nts WAS as follows..
2023
No
2022
No
e￿p]0Ye¢ reccived e￿OlUments of more th2ll £60,000 dwing the year.
14 Taxation
The clwity is aregisteTed cbarity and is therefore exempt from twtion.
15 fixed assets
Land
bulldlngs
FurnIt￿re
tqulpment
Total
Cost
At l May 2022
Additions
17,971
10.452
256
28.423
256
At 30 Awil 2023
Deprec1411oll
At l May 2022
Charge forthe ye¥x
At 30 April 2023
17,971
10,708
28,679
8,195
978
8.475
578
16.670
1.556
9.173
9.053
18,226
Net knok value
At 30 April 2023
5,798
1,655
10.453
At 30 April 2022
9,776
1.977
11,753
Page 16

The Rising Sun Arts Centre Ltd
Note5 to the Financial Statements for the YeAr Ended 30 April 2023
16 Stwk
21123
21122
StrKks
4,870
2.285
17 D¢btaTS
2023
21)22
Trad¢ d¢btOTS
PTepaymet)ts
5.104
1.728
6,832
25,388
1,728
27.116
18 Cash snd cgsh equiv8lents
2023
2022
C&8h at bank
29,328
19,054
19 Crtdltors: amounts fAlllttg due wlthin fjn¢ y¢ar
2023
2022
Tradc creditors
Othcr taKatiou ynd social s¢curity
Other creditors
(265)
4.825
311
88
6,737
7,588
7,412
11.961
Pw17

The Rising Sun Arts Centre Ltd
Notes to the Financial Statements for the ye￿ Ended 30 AprAI 2023
20
Bg18nce at I
MAY 2022
IncoDthhg
resources
Resouree8
expended
Balsn¢e *t311
April 2023
UnT¢stric¢¢d funds
Gener
General Fund
40.141
51,539
(61.845)
29.835
Rostricted funds
Berksh1￿ Commiinity
Found￿1011
Readtng Borough Covncii
TheEarl¢y Cbarity
Arts Council FJngland
University of Reading
East StreetArts Gllild
4,600
6,840
3,600
{250)
(6,057)
(563)
(115)
(2,660)
1,925
4.350
2.383
4206
347
450
2,500
1.600
1,169
462
450
4,425
1660
.106
17.700
IlJ70
14.236
Totil f￿nd￿
48.247
69,239
(73,415}
44,071
Balance It
311 April
2022
Balance 4t I
May2021
Resouree5
expettded
re80urees
Trnrtsfer8
Ubrestrieted futtlts
Geneml
G¢Deral Futtd
19.034
53,112
(38.005)
6,000
40.141
Re8trirted fwiils
Readlng Borough Council
TheE￿IeY Charity
Coullcii Lng]aDd
Univ¢rsity of R¢ading
E&st StreetArts Guild
4.100
2,434
(2,500)
(1,265)
(l8,895)
(1,440)
1.600
1.169
462
450
4,425
25,357
1.890
{6.OIKJ)
6.534
31.672
24.100
8,106
Totsl f￿ndS
25.568
62.105
48.247
Page 18

The Rising Sun Arts Celltre Ltd
Note8 to the Financial Statements for the Year Ended 30 April 2023
21 Anatysis of net AS8ets bttw¢en
lJttrestricted
funds
General
Total fvttds #t
311 Apr1]
2023
Restricted
Kwids
Tallgiblc fixed a8sets
Current assets
Current liabilities
7.112
29,485
6,762)
3J41
11,545
(650)
14,236
10,453
41,030
7.412
Total net a58¢ts
29,835
44,071
Unrestrieted
fullds
Gener81
Tolal fund8 at
30 April
21122
Restricted
fuLds
TaDgibl¢ fix¢d assets
CuJYent assets
cu￿ent liabilities
879
48,073
(8,811)
10,874
382
3,1501
11,753
48,455
11,961
40.141
8,106
48,247
Page 19