Company registration number: 04544572 Charity registration number: 1119236
## Sunshine International Arts
(A company limited by share capital) Annual Report and Financial Statements for the Year Ended 31 March 2022
CPP, Chartered Accountants 79 Essex Road Islington London N1 2SF
## **Sunshine International Arts**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 6|
|Independent Examiner's Report|7|
|Statement of Financial Activities|8 to 9|
|Balance Sheet|10|
|Notes to the Financial Statements|11 to 18|
## **Sunshine International Arts**
## **Reference and Administrative Details**
**Charity Registration Number** 1119236 **Company Registration Number** 04544572 The charity is incorporated in England and Wales. **Registered Office** 10 Falmer Road London N15 5BA **Principal Office** Studio 5 209A Coldharbour Lane London SW9 8RU **Independent Examiner** CPP, Chartered Accountants 79 Essex Road Islington London N1 2SF
Page 1
## **Sunshine International Arts**
## **Trustees' Report**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of 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).
## **Objectives and activities**
## _**Objects and aims**_
Sunshine International Arts (S.i.A) is one of the leading artistic, educational and production carnival companies and is based in South London. The mission of Sunshine International Arts is to empower emerging artists and arts organisations across all disciplines in their creative lives and professional/organisational development and to deliver high quality carnival and arts projects, inform and educate local and national communities, Children and Young People (CYP), freelancers and the public about the 'Art of Carnival'. Our vision is to create work that is the haute couture of carnival arts which is challenging in its vision and content. We are committed to building long-term relationships that empower those with whom we work, and to create the foundations of a legacy in carnival arts.
Page 2
## **Sunshine International Arts**
## **Trustees' Report**
## _**Achievement and performance**_
During the period, the charity was involved in developing and securing local networks and partnerships, supporting its freelance artists, transitioning several of its activities online and re-evaluating and updating our company processes. The company continued regular activity of project programming and planning until March 2021 with a major increase in local CYP project, part of our ‘THINKLOCAL’ campaign. From the beginning of March, the company continued implemented social distancing measures and Covid-19 health & safety measures throughout the centre and rental spaces. S.i.A prepared to resume some of the work we delivered pre-pandemic; this was achieved by new smaller local carnival arts activities.
S.i.A has managed financial risk throughout 2021 by reducing costs in all possible areas. Overhead costs were reduced by disconnecting services not in use as the centre remained closed to the public - it’s now used as studio space for production.
S.i.A continued our outreach and development process as members of the Vassal and Coldharbour Ward and worked closely over the year with key local partners to develop a stronger understanding of local communities and developing a larger carnival arts programme.
The company adapted and transitioned to offering part of our programme online. We have also delivered workshops nationally to community groups and schools. August saw S.i.A produce a local carnival photoshoot involving five local organisations where most of the participants were new to wearing carnival costumes.
S.i.A’s Artistic Director gave talks on the history of carnival and workshops alongside our artist to colleges and schools. This was part of our annual Mas Camp programme.
The charity is run by Ray Mahabir who has received £40,000 in respect of the work he performed during the year.
Feedback received by the charity from attendees and peers includes:
“Ray supported us to develop the idea and was equipped with his local knowledge and carnival expertise to, along with the team, deliver all the features on the day. Sunshine International Arts provided all of the resources to create amazing carnival headdresses, brought along carnival costumes to try on as well as a make-up artist who delighted the children with her designs and on top of that, they provided flags and shakers to the families to help them get fully involved in the parade that they expertly led.
Our families were so happy, and we’ve had some great positive feedback with many families telling us that this had been their favorite LEAP event that they have ever attended! The whole team were friendly and full of that ‘carnival spirit’ that brought a real energy and fun to the day. I am looking forward to working with Ray and Sunshine Arts again soon and would recommend them whole-heartedly.”
Davina Belcher - Community Engagement Officer, Lambeth Early Action Partnership (LEAP)
“I would just like to express my utmost thanks to you and your team for the wonderful experience my son had attending your DJ workshop last weekend. As a 13 year old boy it is difficult to find activities that interest him so it was not only enjoyable for him but also for me, as his mum, to see him beaming from ear to ear and so enthusiastic when he came out! Thank you! DJ Bostman was really great with sharing his knowledge in a way that kept my son interested and was able to explain all the technical details in a way that was understandable. Overall, I couldn’t fault the whole experience and he would love to come back again and gain more DJing skills in the future. Thank you!
Jules and Starsky Reeves - Attendees of DJ workshops #BiGweeKendS
Page 3
## **Sunshine International Arts**
## **Trustees' Report**
“Wearing the beautiful carnival costume was an amazing and enlightening experience for me! I loved being invited in
to the mini carnival and witnessing the colors, people and atmosphere it brings. The people were so welcoming and the costumes were beautifully intricate and imaginative! I would come do it again in a heartbeat!”
## Petra Whelan- First time carnival costume wear
“I had a great experience working with Sunshine International Arts. It was my first time delivering my own workshops, and I received great support in organizing, promoting and delivering the workshop. It was a great chance to test my workshop format, which has given me the confidence to create new workshop plans. Thank you so much for this opportunity!”
Valeria Romeo - #BWs workshop practitioner.
## _**Public benefit**_
As detailed in its objectives and aims, the Charity seeks the advancement of the education of the public in carnival, arts and empowerment and the trustees strongly believe that the work carried out in the year and those planned for the future relate to these aims and are for the 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.
## **Financial review**
During the year ended 31 March 2022, incoming resources showed an increase of £65k from the period ended 31 March 2021. Project costs showed an increase of £18k for the same period as the restrictions placed on the activities of the charity due to the Covid outbreak started to abate. This contributed to net outgoing resources for the year of £56,533 which has impacted positively on the retained reserves in the charity. This was thanks in large part to the continued Arts Council funding. The charity has secured funding from the National Portfolio Organisation, a part of the Arts Council of England (£75k per annum for a further one year). The charity is also continuing to apply for funding from regular supporters as well as actively seeking new sources of funding. The company was successful for another four-year NPO funding round, with the potential of an uplift.
## _**Policy on reserves**_
The reserves of the charity represent the retained excess of grants received less costs allocated to specific projects at the end of the year. The trustees believe that a satisfactory level of free reserves for the charity at present is six months' core expenditure, excluding depreciation. In normal times, this suggests reserves of £72,000 (2021: £38,000).
## _**Principal funding sources**_
During the period, funding was principally received from the Arts Council (£81,359). Other funding came from CRF2 (£29,683), NPO Funding (19,916) and Project Grants (24,895). Due to the Covid outbreak, no contribution was made by C.A.F.E (2021 £Nil) however, rental income began to recover during the period contributing £6,629 in income (2021 £Nil).
The trustees review the Reserves Policy annually when the financial statements are agreed.
## **Trustees and officers**
Page 4
## **Sunshine International Arts**
## **Trustees' Report**
The trustees and officers serving during the year and since the year end were as follows:
Trustees:
Mr R.A. Mahabir D Bestwick A Brown Claire Horton S Swann L Samuels
## **Structure, governance and management**
## _**Nature of governing document**_
The charity is a company limited by guarantee as defined by the Companies Act 2006. The charity is governed by the Memorandum and Articles of Association dated 25 September 2002 (amended 23 August 2006). It was registered as a charity on 16 May 2007.
## _**Recruitment and appointment of trustees**_
New trustees are appointed through general meetings held by existing trustees. Full training is provided to new trustees, this includes where necessary formal training to ensure the new trustee understands the duties and responsibilities of a trustee. Recruitment is by personal contact. The overriding requirement for all trustees is that they must be in sympathy with the charity’s objectives and activities and are able to offer time and skills to support the work at a strategic level.
## _**Organisational structure**_
The day-to-day administration of the charity is undertaken by Ray Mahabir whose duties include preparing the various workshops and events and sourcing and purchasing the materials and professionals’ services required to run the workshops.
## _**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. A risk register has been set up and is maintained by the trustees. This is used to identify significant risks in order for action to be taken to mitigate them.
## **Statement of Trustees' Responsibilities**
The trustees (who are also the directors of Sunshine International Arts 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:
Page 5
## **Sunshine International Arts**
## **Trustees' Report**
- 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.
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Mr R.A. Mahabir Trustee
## **Covid 19 Impact Statement**
With the closure of the centre in mid-March 2020 we saw the loss of our rentals and all summer carnival/festival work, due to our work basing itself in carnival, festival and outdoor events, the six-month summer period is when S.i.A generates 40% of our income. This income is used to subsidise the company through the remaining six months during autumn and winter and support our local community projects in these months.
We are annually commissioned by national and local community organisations, leading festivals such as Brit-ish Summer Time, Boomtown Festival and Notting Hill Carnival to create costumes and involve community members in the processions. This is our biggest income annually, and all project were cancelled or curtailed during 2020-21.
Following government guidelines, S.i.A closed our centre for the majority of this financial year. Freelance staff were supported to find funding, and full-time staff were furloughed. We reduced all basic services incurred in the running of the centre, ie internet, phone, PDQ machine and we used the furlough schedule and negotiated a six months half price on our rent on our studio. Our major funder, Arts Council England, have continued our funding with no restrictions and furthermore, has extended our funding agreement until 2023. We were also able to obtain funding from Lambeth Council towards the re-opening of the centre.
Thanks to our immediate and strict adherence to government guidelines, the company was in a stable financial condition at the end of 2021 and most importantly the health and well-being of all staff was unaffected by the virus.
Page 6
## **Sunshine International Arts**
## **Independent Examiner's Report to the trustees of Sunshine International Arts ("the Company")**
I report to the charity trustees on my examination of the financial statements of the charity for the year ended 31 March 2022 which are set out on pages 8 to 18.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (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 Sunshine International Arts 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 Sunshine International Arts 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.
...................................... P V J Ciccone FCA CPP, Chartered Accountants 79 Essex Road Islington London N1 2SF
Date:.............................
Page 7
## **Sunshine International Arts**
## **Statement of Financial Activities for the Year Ended 31 March 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Other income
4
Total income
**Expenditure on:**
Charitable activities
5
Other expenditure
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
14|**Unrestricted**
**funds**
**£**
155,853
6,640
162,493
(61,200)
(44,759)
(105,959)
56,534
56,534
93,025
149,559|**Total**
**2022**
**£**
155,853
6,640|
|---|---|---|
|||162,493|
|||(61,200)
(44,759)|
|||(105,959)|
|||56,534|
|||56,534
93,025|
|||149,559|
The notes on pages 11 to 18 form an integral part of these financial statements. Page 8
## **Sunshine International Arts**
## **Statement of Financial Activities for the Year Ended 31 March 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Other income
4
Total income
**Expenditure on:**
Charitable activities
5
Other expenditure
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
14
The funds breakdown for 2021 is shown in note 14.|**Unrestricted**
**funds**
**£**
97,590
(165)
97,425
(17,294)
(22,985)
(40,279)
57,146
57,146
35,878
93,024|**Total**
**2021**
**£**
97,590
(165)|
|---|---|---|
|||97,425|
|||(17,294)
(22,985)|
|||(40,279)|
|||57,146|
|||57,146
35,878|
|||93,024|
||||
The notes on pages 11 to 18 form an integral part of these financial statements. Page 9
## **Sunshine International Arts**
## **(Registration number: 04544572) Balance Sheet as at 31 March 2022**
|**Note**
**Fixed assets**
Tangible assets
10
**Current assets**
Debtors
11
Cash at bank and in hand
12
**Creditors: Amounts falling due within one year**
13
**Net current assets**
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted funds
**Total funds**
14|**2022**
**£**
1,380
9,636
139,071
148,707
(528)
148,179
149,559
149,559
149,559|**2021**
**£**
872
2,427
92,192|
|---|---|---|
|||94,619
(2,467)|
|||92,152|
|||93,024|
|||93,024|
|||93,024|
For the financial year ending 31 March 2022 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.
The financial statements on pages 8 to 18 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
......................................... Mr R.A. Mahabir Trustee
The notes on pages 11 to 18 form an integral part of these financial statements. Page 10
## **Sunshine International Arts**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **1 Charity status**
The charity is limited by share capital, incorporated in England and Wales.
The address of its registered office is: 10 Falmer Road London N15 5BA
The principal place of business is: Studio 5 209A Coldharbour Lane London SW9 8RU
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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Basis of preparation**
Sunshine International Arts 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.
Page 11
## **Sunshine International Arts**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **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.
## _**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.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## **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.
## _**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.
Page 12
## **Sunshine International Arts**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **Tangible fixed assets**
Individual fixed assets costing £100.00 or more are initially recorded at cost.
## **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:
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
## **3 Income from donations and legacies**
|Grants, including capital grants;
Grants from other charities
**Total for 2022**
**Total for 2021**
**4**
**Other income**
Rental income
**Total for 2022**
**Total for 2021**|**Unrestricted**
**funds**
**General**
**£**
155,853
155,853
97,590
**Unrestricted**
**funds**
**General**
**£**
6,630
6,630
(165)|**Total**
**funds**
**£**
155,853|
|---|---|---|
|||155,853|
|||97,590|
|||**Total**
**funds**
**£**
6,630|
|||6,630|
|||(165)|
## **5 Expenditure on charitable activities**
Page 13
## **Sunshine International Arts**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
|**Note**
Allocated support costs
6
Governance costs
6
**Total for 2022**
**Total for 2021**|**Unrestricted**
**funds**
**General**
**£**
18,617
37,555
5,028
61,200
17,294|**Total**
**funds**
**£**
18,617
37,555
5,028|
|---|---|---|
|||61,200|
|||17,294|
In addition to the expenditure analysed above, there are also governance costs of £5,028 (2021 - £3,828) which relate directly to charitable activities. See note 6 for further details.
## **6 Analysis of governance and support costs**
## **Governance costs**
|Independent examiner fees
Other fees paid to examiners
**Total for 2022**
**Total for 2021**|**Unrestricted**
**funds**
**General**
**£**
5,028
5,028
3,828|**Total**
**funds**
**£**
5,028|
|---|---|---|
|||5,028|
|||3,828|
## **7 Trustees remuneration and expenses**
During the year the charity made the following transactions with trustees:
## **Mr R.A. Mahabir**
Mr R.A. Mahabir received remuneration of £Nil (2021: £32,000) during the year.
Page 14
## **Sunshine International Arts**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **8 Independent examiner's remuneration**
|**8**
**Independent examiner's remuneration**|||
|---|---|---|
|**Other fees to examiners**
Examination-related assurance services
All other services
Out of balance to Examiners remuneration category|**2022**
**£**
-
-
-
(5,028)|**2021**
**£**
1,500
2,328|
|||3,828|
|||-|
Page 15
## **Sunshine International Arts**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **9 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **10 Tangible fixed assets**
|**10 Tangible fixed assets**|||||
|---|---|---|---|---|
|**Cost**
At 1 April 2021
Additions
At 31 March 2022
**Depreciation**
At 1 April 2021
Charge for the year
At 31 March 2022
**Net book value**
At 31 March 2022
At 31 March 2021
**11 Debtors**
Prepayments
Other debtors
**12 Cash and cash equivalents**
Cash at bank||**Furniture and**
**equipment**
**£**
4,366
1,306
5,672
3,494
798
4,292
1,380
872
**2022**
**£**
72
9,564
9,636
**2022**
**£**
139,071||**Total**
**£**
4,366
1,306
5,672
3,494
798
4,292
1,380
872
**2021**
**£**
2,177
250|
|||5,672|||
|||3,494
798|||
|||4,292|||
|||1,380|||
|||872|||
|||**2022**
**£**
72
9,564
9,636
**2022**
**£**
139,071|||
|||||2,427|
|||||**2021**
**£**
92,192|
**13 Creditors: amounts falling due within one year**
Page 16
## **Sunshine International Arts**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
|Other taxation and social security
Other creditors
Accruals
**14 Funds**
**Unrestricted funds**
General
**Unrestricted funds**
General
**15 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|**Balance at 1**
**April 2021**
**£**
29,649
**Balance at 1**
**April 2020**
**£**
12,219|**Incoming**
**resources**
**£**
162,493
**Incoming**
**resources**
**£**
97,425|**2022**
**£**
-
-
528
528
**Resources**
**expended**
**£**
(42,583)
**Resources**
**expended**
**£**
(16,620)
**Unrestricted**
**funds**
**General**
**£**
1,380
148,707
(528)
149,559
**Unrestricted**
**funds**
**General**
**£**
872
94,619
(2,467)
93,024|**2021**
**£**
237
2,023
207|
|---|---|---|---|---|
|||||2,467|
|||||**Balance at 31**
**March 2022**
**£**
149,559|
|||||**Balance at 31**
**March 2021**
**£**
93,024|
|||||**Total funds at**
**31 March**
**2022**
**£**
1,380
148,707
(528)|
|||||149,559|
|||||**Total funds at**
**31 March**
**2021**
**£**
872
94,619
(2,467)|
|||||93,024|
Page 17
## **Sunshine International Arts**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **16 Analysis of net funds**
|**16 Analysis of net funds**||||
|---|---|---|---|
|Cash at bank and in hand
Net debt
Cash at bank and in hand
Net debt|**At 1 April**
**2021**
**£**
92,192
92,192
**At 1 April**
**2020**
**£**
34,134
34,134|**Financing cash**
**flows**
**£**
(92,192)
(92,192)
**Financing cash**
**flows**
**£**
(34,134)
(34,134)|**At 31 March**
**2022**
**£**
-|
||||-|
||||**At 31 March**
**2021**
**£**
-|
||||-|
Page 18
## **Sunshine International Arts**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2022**
|**Income and Endowments from:**
Donations and legacies (analysed below)
Other income (analysed below)
Total income
**Expenditure on:**
Charitable activities (analysed below)
Other expenditure (analysed below)
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**2022**
**£**
155,853
6,640
162,493
(61,200)
(44,759)
(105,959)
56,534
56,534
93,025
149,559|**Total**
**2021**
**£**
97,590
(165)|
|---|---|---|
|||97,425|
|||(17,294)
(22,985)|
|||(40,279)|
|||57,146|
|||57,146
35,878|
|||93,024|
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## **Sunshine International Arts**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2022**
|**_Donations and legacies_**
Appeals and donations
Grants - other agencies
**_Other income_**
Rental income
Other income
**_Charitable activities_**
Direct costs
Trustees remuneration
Trustees NIC (Employers)
Subcontract cost
Sundry expenses
Accountancy fees
**_Other expenditure_**
Rent
Rates
Light, heat and power
Insurance
Repairs and renewals
Telephone and fax
Computer software and maintenance costs
Printing, postage and stationery
Travel and subsistence
Bank charges
Depreciation of office equipment|**Total**
**2022**
**£**
-
155,853
155,853
6,630
10
6,640
(18,617)
(33,920)
(300)
(3,322)
(13)
(5,028)
(61,200)
(25,100)
(1,449)
(5,787)
(408)
(3,013)
(1,406)
(5,265)
(165)
(665)
(704)
(797)
(44,759)|**Total**
**2021**
**£**
1,520
96,070|
|---|---|---|
|||97,590|
|||(165)
-|
|||(165)|
|||(674)
(11,467)
-
(1,325)
-
(3,828)|
|||(17,294)|
|||(16,900)
(1,221)
(1,476)
(261)
(95)
(1,720)
(253)
-
(63)
(525)
(471)|
|||(22,985)|
This page does not form part of the statutory financial statements. Page 20