CompaDy registration number. 04544572 Charity registration number.. l 119236 Sunshine International Arts {A company limited by 8uaraDte¢) Arjnual Report and Fina1 staten(s for the Year Bndcd 31 MRrch 2023 CPP, Chartered Aceouotaots 79 Essex Road Jslington London NI 2SF
Sunshfine International Arts Contents Reference and Adn)mistrattve D¢tsils Trustee5' Report 2toS Accountants, Report B8lAll¢¢ Sheet 7t08 Notes to the Fin8n¢i&l Ststemet)ts 9th15
Sun8hin¢ International Arts Reference 2nd AdTDinistrAtive Details Trnste& MT R.A. Mah8bir Ms D B&stwick Ms A Brow Ms L SatDue]s Ms C (Ycomior ChArity Registrat10 Nllmb¢r 1119236 Company Regtstradon Trlvmber 04544572 Th¢ ¢lwity is Eogland athl Wa]es. 10 Falmer Road London N15 5BA Reglstered Offiet Princlpal Offl¢¢ Swdio 5 209A SW9 8RU Independent Eer CPP. Chartered Aceoutltsnts 79 Essa Road Islington London NI 2SF Page I
Sunshine International Arts Trnstees, Report The twste¢8 PTe5Cnt their report wtth the fincIal statements of the ch)rity for thc year ended 31 March 2023. The trustets have adopted the provisiw of A¢coutLtiDg and Rcportsng by Charities.. Stskmellt of RecOtllndd Practice applicable to charities prepar tb¢ir accowits in accordance with the FinallGial R¢poTh"ng Standard applIbI¢ in thr UK aDd Republic of Jreland (FILS 102) (C1Ve l Jaauary 2015). ObjectiveJ and Adivttles Objects 4lMs Sunshille International Arts (S.i.A) is onc of the leadm8 8rtistic. au¢atitsual and prothiction carniva] compati]¢$ and is b&qed iti South London. The n)10 tsf SuLsbme International Arts is to ¢nww¢r cmcrging artists attd art5 organisations acros5 ail di5ciplincs in their creative livts 2nd professioDaYorganisationa] developtnent alld to deliver kn'gh quality Carniv and art5 proj. inforn and cducate local aDd nationaj comrnunitics. Children attd Youn8 Peopl¢ {CYP}. fr¢elancer5 and the publi¢ #bout th¢ 'Art of C4rnival'. Our vision 1$ to Ctfyit¢ work that 15 the haute eouture of carnival arts which is cba]lengiDg in its vision and contenL We are tOTJJll]]tt to building long-terni relationsh5 that empowcr those with WF we worL and to C1¢ the foundati¢)ns of a legacy i Achieve1{p¢rfOjOThee During th"s the ¢hJrity involved it) developing wnd swuring l¢xal Detsvo aDd pamethips, supporting its freel8llc¢ artists. 1ThitiOn1£ s¢v¢r81 of its aGÉtvitifs Onli ar re<valuatio8 attd llpd&ting our cornpany processes. The cljarity CODtiDu&4 regular pmje£t pIDgrdll ad planning activity until Marth 2023, with a Si8Dificant increase in I1 e4rfy learnillt and Childrrn and YouDg People's pmjttts. From thr b¢ginnin8 of Max¢h, the COTnp3ny C¢tinued dcvelopin8 our new outreach prow Thillkknal,. S.s.A also applied ftsr the continuation of our Arts Council NPO- National Portfolio Organisatioth) - fi]ttdiD8 for 2023-2026 and was sllecwfid in this applicatioD. This ncw fimditig will a]low deliver a new three.year Progra THINK LOCAL...inspiring the TKXt gcnerdtion througb THE ART OF CARNIVAL and TRADrrIoNAL FOLKLORE. S.i.A has managejl fingncial risk throughout 2022.23 by reviewtng rtmning costs for the s10S and Trductng spendsng iti all po55ible atw. We have a]so developed & SStaInable policy 2nd put It1] at the heart of our S.i.A continued ow outr¢a¢h and developmeDi process os memb&s of thc V&wll and Coldharbour Ward alld worked G1056ly ovef th¢ year key local parthus to develi)p a I)re rob¢ und¢rstsnding of local The charity adaptrA aDd develotl a strntegic online plarfornj to show¢as¢ ow work and reach & wi alldienc¢. We have also deliv¢mJ WOTk5hop5 nationally to CA)mmunity groups and scbools have broadened our local program to eoriy IcarniDg (¢N5 yc8rs old). August Saw S.iA producing our annual Mas and tbe tetttrll to NottiDg .11 CaTtiival, our biggtst show¢¢ foT the year. S.i.A's Artis(ic Diffdor continued our educatitsna] program atMI gave tajks on wtiiva] history and wotkshops alongside our artists to colleges and %booJs. Thi"s w&8 part of our alwval Ma5 Cary progran]me. The charity is nm by Ray Mahabir who h¥ £40. in rewt of the th he F*rfonned during the year.
Sunshine Internatlonat Arts Trllstees, Report Pubtic bene As detsiled in its objccttvcs and aims, thc Charity seeks th¢ advan¢¢ment of thc education of th¢ public in carnival. arts and empowermcnt and the trustees strongly believe that the work carricd out in the year attd those planned for the fvture relate to these aim8 and are for th¢ public ben¢fiL The trustses confirni that they have complÈ¢d with thc requiremellts of sectioo 17 of th¢ Chariti¢5 Act 2011 to have due regard to the public benefit guid&tJc¢ published by the Charity Commissioti for England #ttd Flnandal revlew During the year ended 31 March 2023, illning re50urce$ 3howeii a d¢e28e of £62k from the period cnded 31 Matcb 2022. Project CO$L8 show¢d an inrr¢ast of £22k for the same period due to all the iestrictions W"Ch had affected th¢ charities activities since 2020 had fjnally been renloved. This contributed to net outgoing r¢5ourc&s for th¢ year Df £26,220 which has reduced on thE retain¢d res¢rv¢s in the chan'ty. The Arts Coutteil ltItiUed to be the rnain stsur¢¢ of funding for the chanry. In addition, th¢ tharity ha5 secured fundin8 from the Natiot)al Portfolio Organisation, a part of the Arts Council of England (£75k per annum for a further one year). The ¢harity 18 also contiDuiJJg to apply for fid]llg from regular support¢TS as w¢ll Ls activ¢ly s#king sources of fuTHim8. Policy r£ferKs Th¢ $try¢S of the clwity repres¢nt th¢ r6tsincd exc8 of 8fdDts received I&%s costs allocated to specifi¢ projects at the end of the year. The trustees believe that a S8tisfaciory level of free reserves fer the charity at present Js six months, core expeudib¥ excluding depreciation. This suggests re$erve5 of £62.OOQ (2022= £72,000). PpiMelpalfvndinKsources Dwixjg the period. fdIng was prin¢ipalSy reo¢iv¢d froTn the Arts Council {£76,380}. Other funding catn¢ from NHC {£5,000}, Ctsventy Carnival {£2,200>, Basingstok¢ Carnival (£1.500}, LJAG (£1,590) aDd other proj¢¢t grants totaJling1£3.268). The charity also raised a further £9,061 from hiriTJ8 Out the centre The trust¢es review the Re8¢rves Poli¢y anttually when the fi[nci&l $tatcJnents ar¢ 8gre¢d Trustee5 and officers The trustecs and officers Seirtg during the Y and since the year end were &8 follows.. Trll8tee8.' Mr R.A. Mahabir Ms D Bestwick M5 A Brown MrSsW Ms L Samue]s M5 C O'connor {appoInt 15 Odob¢r 2022} Page 3
Sunshine International Arts Trnstee8' Rtport Structur zovernante mwgejnent Nathre •fgoverniRg docment The cbarity is a compas]y limi¢d by guarkn as defin&l by the Comp8uies Act 2006. The chan.ty is govemed by the Memorandum aT*J Arttcle5 of knlation datal 25 S¢ptanltr 2002 (zmcnded 23 Aiigust 2006). It was iegist¢r¢d as a charity on 16 May 2007. Ncw fr$teeS appointed through 8cnern] MlItiS bcld by cxistsnB trustee6. Fu]1 trainittg is provided to n¢w trustees, th"s includes whue necessary forn] trnining to Cn5ure the new tswtee understaud5 the thjties alld re5V)DStbilities of a trustcc. Recruilment is by petsonai (ontacL The ovetridtn8 requirermt for ail trustees is that they must be in syttlpathy with the cb8rity's objectives and activaties and are able ¢0 offer tillje and 5kil]s to support the wrrk at a strnt¢gi¢ Icvel. Thc day-daY adrninistratiOD of the dharity 1$ und¢rtak¢n by Ray MaFLabir wF#)se duties include pr¢parinB tbe ruo th¢ wor. RiFk The trustees h2ve a duty to kdentify aad review the risks to which the cbarity is exposed 8ud to ¢D5ure appropriat¢ controls are in place to provide reillable winst fraud and rOr. A riak rester has been set and is maintsined by th¢ tntst¢C5. Thi5 15 to identify sigwficallt nsks in order for acti¢m to be tyken to mitig&te them. Statel)11 of trusteu, rt4ponsibilltles Th¢ tTU5t¢cs {Btho are also the directo of Sunsbine Internatil)# Arts for the PUTP)5ts of coll2pany law) ar¢ rasponsible for preparing the trustees. report and the flljancial statements it) accordante with applieablc law and Unitrd Kingdom Accouttt8 Staudards (United Kingdom G¢eIlY Accepted Accounting Practit¢), In¢luding FRS 102 "The Fillancial Reportitig Stslldard applicable in the UK and Rcpublic of Irela1, The report ond accounts bave bE¢n prepared in accolG¢ with the provisio$ in the Cornp4ui¢s Act 2006 relating to 411 ttsmpanies. Company law requircs the tru5ttt5 to prepart finatscial ststetncDts for e4cb fuclaI year. UDder company law the tru3tees tnust not approve the financial st•tetneDts UDless they are satisfied that they 8tve a true and fair vi¢w of the state of aff2irs of the charitable compmy and of the incomjng re4olltces application of resources, inrmding its income and eXpd]bre. of the charitable comp3ny for period lu preparing these financial sclect suitable acc¢)unting polici and apply them consistcutly: obsetve the rnethots attd prItt¢ipl in the Charities SOPP. nuke judgfflncnts &nd estimates that arc rea50nablc and prndettv state whethEr applicable accouttting Stsndards. compnsin8 FRS 102 hftv¢ ireD follorf wbj¢ct 10 any tllater1 deparnwes dis¢105cd explain&1 in tht financial stateDXDts; and prepare the financial Statenlts on the going coDrxrn basis unless it ts iD4Jpmrn to PslOt that the haritabl¢ con]patty will Gontinue in bwines8. Page 4
Sunshine [nternatiOn Arts Trustees, Report The ttiJstees are responsible For keeping propcr acrounting rrdS that can di109¢ with rwonablc at auy the financiaj posiiion of the charitable Company 8nd enthle them to elre that the finall¢1 stsiemettts ¢ortLply with the Companie5 Act 2(K)6. They are ajso resnSible for s&fegwding the assets of the charitable cotnpatty and hence for takmg re&4oDable st¢ps for the prcv¢Dtson and det¢¢tiOD of fraud and oth¢r iTr¢gularities. The tnL8tees are resF¥)JLsibk for the maintenall¢¢ and illwity of the ¢oryyxate and fin8ts¢ial infonllotiorl irlcluded on the charitsble compattys Mrbsite. le$18tiO govonitig the prep•ntion and dissemination Of f]naDcial $tments may differ from Iwlatioll in other jurisdictio Small compnltt provlslon stattmtht The aotttjal report apFwvrdby thr of th¢ Gharity on 14 Def<Mb 2023 and SId on its b¢lwlf by.. Mr R.A. Mababir Tnsstee Page 5
ChArter¢d Ac¢ountsnts' Report to the Trustees on the Preparation of the Ullaudlted Statutory Accounts of Sunshine International Arts for the YeAr Ended 31 March 2023 In order to assist you to fulfil your thities under the CompaDies Act 2006, we have prepared for yow approval the accounts of SuDshine International Arts for the yeat ended 31 March 2023 as set out on pages 7 to 15 from the cornpany's aecounting records and from infoTm&tiOn and eKpl•nition$ you hAYe given us. As 2 prnctisitsg m¢tnb¢r fiTm of thc Institute of Chartered Accountants in England Wales (ICAEW) we are subject to its ethical and other professional requirements which are detsiled at http'.Ilvnvw.i¢a¢w.wmlenl TncTnberslregulatiolls-standards-and-guidane&l. This report 15 solely to the board of directors of Suttshitie International Arts, abody, in accordance with thB tCTm5 of our engagemellt letter. Our work has beenundert¥kn solely to prepare for YOUT approval the faTre1a1 stattments of Sunshine International ATts and state those matt¢TS tha¢ we have agreed to stale to the board of directors of Sunshittc Intemational Arts, a$ a body, itt this r¢port, in a¢eordance with TCAEW T¢¢11¢al Release 07116 AAF. To the fullest extent pern]itt¢d by law, do not acc¢pt QT &55UTne r¢sponsibility to anyon¢ other thall Sunsbine International Arts and its board of directors as a body for our work or forthi"s report. It 1$ YOVT duty to ¢ll5ur¢ that Sullshin¢ Iut¢rnational Arts bas kq>t adcquat¢ &cGounting record5 ar to prq)are statutory ac¢owits that giv¢ 4 truc 4nd fair view of the a55ets, liabilities, finanGial position and of SuTJShine tnternationaI Arts. You cotistder that Sunshine IntenwtiQTL*I Arts 1$ exeTnpt from the statutory audit requireTnent for the y¢wr. We have not been iJJstiu¢t¢d to Carry out an xudiL or a review of th¢ accounts of Sunslline Int¢rnationa] Arts. Ftsr thi5 reason. w¢ bave not verifled the accuracy or completenu$ of the accounting records or ltif0mtiOn attd explanations you have gIn to U5 and we do noL thcrefore, exprtss any opinion on thc statutory accounts. 14 December 2023 Page 6
Sullshine International Arts (Registration number: 04544572) Balance Sheet as at 31 March 2023 2023 2022 Note Fixed gJ&ets Tangible asset5 io 690 1.380 Ctsrrettt Y455ets Debtors Cash atbaok and in hattd 326 122,856 123,182 9,636 139,071 12 148,707 Credltors: Amoullts f41littg dut witllin one year 13 52 528 Net curre1 888ets 123,130 148.179 Net gssets 123,820 149,559 Funds of the chArlty. Unrestricted Intome funds Urtr¢sttt¢t¢d funds 123,820 149,559 Total fuads 14 123,820 149.559 Thr not69 on pages 9 to 15 fomi an int¢gral part of tb¢5¢ financial statements. Pag¢ 7
Sunshine International Arts (RegistrAtion number: 04544572) Balance Sheet as at 31 Marcb 2023 For the financial year endin8 31 March 2023 the charity was entitled to exemption from audit under seclion 477 of the CompaDi¢8 Act 2006 relating to Small compani¢s. Directorn, r¢spo]tsibilities: The Tn¢mbcrs have not required the ehality to obtaill att audit of its accounts for the y¢8r in questiots io ac¢ordaD¢¢ with section 476. The directors 2cknowl¢dge their r¢8ponsibilitics for complymg with the r¢qu1rttts of the Aet respect lo ac(xiuntillg records and the preparation of aecouTJts. These finallci ststements have iwn prepared in accordance with the S]81 provisions relatin8 to companies subject to the smdl ¢ompwi¢s regim¢ wsthiD Part 15 of th¢ Compani¢8 Act 2006. The financial staiements on pages 7 to 15 were approved by the trustees. and authori5ed for isme on 14 December 2023 and signed on their b¢haif by: Mr R.A. Mababir Tntstee Th¢ notes on pages 9 to 15 foTm an inte part of these fin8ncial 8tatements. Pa8e 8
Sunshine International Arts Notes to the Fingncigl StAtements for the Year Ended 31 M4rch 2023 I Charlty sttttus The charity is limited by guarantee, ittCOJPOT*t¢d in England We8. and cojwueotly do¢$ not bave 5hgJ¢ capital. Each of the truste¢5 l5 liabl¢ to contribute an amount not ¢xc¢ediDg £10 toward5 tbe assets of the charity in the event of liquid2tion. The addre55 of its registered office is.. 10 F<her Road London N15 5BA Tbe principal pla¢e of busiSS i5.. Styth'o 5 209A Coldharbour Lao¢ London SW9 8RU These fiwia] 51atements were authorised for issue by th¢ ttust¢e8 oll 14 D¢)b¢r 2023. 2 A¢¢oundng pollele# Summary of signlt]eant aeeounting po]ficies and key a¢¢OUlltlng estlmates The principal accounting policies applied in the preparntion of th¢sc financia] statcments Set out below. These tM)licies have been c01$tentIY applied to the yeArs pr¢sen¢e¢ unless othetvise stats StAteDWnt ofeompllance The fin&n¢ill] statemellts bave been pr¢par¢d in a¢Gordance with Accounting alld Reporting by Charities.. Statement of RcCOllcnd Practice (applicable to chat]ti¢s pillg their accounts ID accordance with th¢ Financial Reportittg Standard applicable in the UK and Republic of IT¢land (FRS 102)) {issued in October 2019) - (Charities SORP (FRS 1021}, the FiTLallcial Reporting Staodard applicable ill the UK and Republic of Irelattd (FRS 1021 aud the Cornpallies Act 2006. Basls of preparntioD Sunshine IntemationLI Arts meets the definitlon of a pllblie benefit entity under FRS 102. Assets and liabilities ar¢ initilY reco8nJsed at historicB] ¢05t or transaction value ullless otherwise stated in the relevattt accoutttin8 policy notes. Gohllg eoll¢¢r Th¢ twstees collsider that there ar¢ no material uncerkdinties about the chan.tys akn'lity to eofttinue &8 a going concern nor any s)lfiCallt areas of un¢ertainty that affect the ¢orryillg vu¢ ofa88ets held by the eharity. Jncome endowments All in¢orn¢ 15 r¢cogllised once the chan'ty h&8 entitlement to the inrom¢, it 15 probable that the income will be received and the amouTLt ofthc incorne receivable ¢an b¢ rneLsured reliably. Page 9
Sunshine InternationAI Arts Notes to the FlnanciAI Ststements for the Year Ended 31 Mareh 2023 Grants rn¢eivoble Grants are recogJ)ised when tbe chan'ty has an entitlernent to the futtth and ally conth"tions linked to the have been meL Where perfornance conditions are attached to the 8rattt and are yet to be llLeL the income 15 recogtli56d a5 a liability and included on thc balancc sheet as dcfcrrcd incotne to be relea5cd. Expendlture All expendibjre is recognised once there is a le8 or cotJstnKtive obli8ètion to that expcndibJr¢, it is pmbable s¢ttleTDent 15 required and thc amount can be mcasured reliably. All costs are allocated to the applicable exp¢TJditltr¢ heading that aggregate similar costs to that category. Where costs ¢gJJnot be dir¢ctly attTibut¢d to parti¢ulaT heading5 they have been allocated on a basis COllSiStent with the use of re50urcB5. with ¢entral sthff ¢05ts allat¢d on th¢ ba5)5 of tisDC spBnt, and dcpr¢ciation th3rg¢5 alloGatrd on th¢ w>rtioD of thr &35¢t'5 1&%. Other 5UPtx)rt COSt8 are allocated ba8ed on the spread of staff costs. Charitsbl¢ ¢xp¢nditure Comprises those Costs incurred by the charity in the delivery of its activities aDd service5 for its beneficiaries. It ineludes both cost$ that be Lilocat¢d dJr¢ctly to such activitie8 and those costs of arl indireGt n74ture necessary to support them. 8upport ¢05ts Support cost5 include ccntral fimctions and havc becn allocatcd to activity r05t utcgories on a basis ¢ollsist¢llt with th¢ use of re50urcE5. for ¢x4mplc, a]lo¢ating property fQ5ts by floor Arefis, or per t&pit4 staff costs by the me sp¢llt and oth¢r ¢osts by their usag¢. Governance Costs These inclllde the costs attributable io the charity's compliance with constitution81 and statutory requirements, includiug audii 5trat¢gic Iti4iiageIn¢llt and Ie5 ¢¢t aTLd r¢imbursed cAp. TAxatloD The charity SB conSided to P85s the tests set out in Paraaph I Schedllle 6 of the Finance Act 2010 alld therefore it rrleets the definition of a charitable wmpany for UK ¢otporaliott taL puwses. Accordingly, the charity is potentially cxempt from taxation in Te$p¢¢t of in¢ome or capttal gains rcceivcd within categorles covered by Cbapter 3 Part I l of the Corpor&tion Tax Act 2010 or SectiOTJ 256 of the Taxatioll of Chargeable Gains Act 1992, to the extent that such income or gain5 are applied exclusively to charitable purposes. TanglbJe thed as8ets Individual fjxed assets costin8 £100.00 or more Are initially recorded at cost. Depreelatloll atsd #mOTti$#tion Dq)retthtioo 1$ piovided ou tangible fiKed a5KtS 50 a5 to wrile off thc Gost or vUatiOn, 165s any c5timated rcsidua] value, over their exp¢ct¢d w¢ful eronorniG lif¢ as follows.. Fund ltrncture UTWe5tri¢tsd income fuDds are general fijnds that are available for u8e at the tsw8tees discretion ill fijrtherattce of the objectives of the chan'ty. Page 10
Sunshine International Arts Notes to the FinanciAI Statements for the YeYdT Ended 31 Mar¢h 2023 3 1neDme from donation¥ *nd leg#eSes Unrestrlcted funds General fund$ Grants. including capitsl &1&. Grants from other charities 89,938 89,938 Tota] for 2023 89,938 89.938 Total for 2022 155,853 155.853 4 Other In¢om¢ Unrestrlctsd funds GenerAI Total fuNd5 Rental iDcome 9,lJ61 9.06l Total for 2023 9.061 9,061 Total for 2022 6,630 6.630 S Expenditsre on charitable attivities UTr$In¢t¢d rund5 Genera] Totsl funds Note 40,391 39,999 4.164 40,391 39,999 4.164 Allocat&l support costs Gov¢mance ¢o$ts Tot21 for 2023 84,554 84.554 Total for 2022 61.200 61,200 In addition to the expenditure an8]ysed abov< there ar¢ also governance ¢08ts of £4,16412022- £5,028) which T¢late diJY¢tly to ¢haritabl¢ a¢tivitie8. S¢e note 6 foT further d¢tsils. Pag¢ll
Sunshine International Arts Notes to the FinaDCiAI Statements for th¢ Yr Ended 31 Mareh 2023 6 of governaDce and Jllpport ¢0 Govern4c¢ ¢08ts Unreitrleted funds Genernl Totsi fondi Ind¢petsd¢ttt extimitter fces (kher fees paid th examinm 4,164 4,164 Total for 2013 4.164 Total for 20Z2 5,028 5.028 7 Trnst¢u remuntr•tlo ind expttt tknin8 th¢ ye•r th¢ ¢lthrity rn•de the following ¢rw)uctioM with tru&ees'. Mr KA. MhAblr 8 Indendent examlner'i remuner•tlo 2023 2022 Other f¢u ¢0 ex4Dthie The examIg of txoutt(8 ofthy ¥soeii* of th¢ thn.ty Page 12
Sunshitie Internation Arls Notes to the FlnaDcil Ststements for the Year Ended 31 March 2023 9 TixtioD Th¢ ¢h&Tity is a T¢stereI cbzrity and is th&efore exemM tsxatioD. 10 T8ngible ed Amets Fryrnknrè Attd ¢quiprnent Totil CNt At l April 2022 Ai 31 M4rth 2023 5,672 5,672 5,672 DeprÈeltlo A¢ l April 2022 Charg¢ for the y¢2r 4,292 4292 690 At 31 March 2023 4.982 4,982 Ne¢ book val¢ At 31 March 2023 690 690 At JI Mar¢h 2022 lJ80 1.380 11 Debto 202J 2022 PrcpAynts Oth¢r debiors 70 250 72 9,564 326 9,636 12 Cub #ttd e¥h equfvleDts 202J 2022 Cash 81 baDk 122.856 139071 13 Cr¢dltor•: •mounts fl% du vlthln ytlr 20Z3 2022 Other Credito Ac¢nwls (2) 54 528 52 528 Page 13
Sunshine InternationAI Arts Notes to the Flnanclal Statsments for the Yevdr Ended 31 March 2023 14 FuNds B•lDee at I Aprll 2022 tottthig Baltyt¢ #t 31 Msrch 2013 eende] UDrestrlcted fund5 Gett¢r81 68,875 44.163 123,820 *nce at I April 21121 Resollrc ¢yp¢nded B8laDce at 31 Mareh 2022 Unreitricted lllDds Gen¢rn] 29.649 162.493 42.583 149,559 15 Anal15 of net a55ets betsvttD fun unrestrkt Total funth #t f4nd5 31 MY4rch Cener41 2023 Tangible fixed ets Currettt assets Crryt liabilitics 690 123.182 {52 690 123,182 52 Total net &8Bets 123,820 123,820 Unrestricttyj Total funds at 31 M#rch 2022 Ceneral Tangiblc fixed &ss¢ts cUt a55¢ts Current liabilities 1.380 148,707 528 lJ80 148,707 528 Totxl ttet aS5¢ts 149,559 149 J59 Pag¢ 14
Sunshine InternatlonAI Arts Notes to the Flnancfial Stgtements for the YeAr Ended 31 Mareh 2023 16 All811 of met fundj At l Aprll 2022 At 31 Mr¢h 2023 Cash at bank and in hand 139071 139.071 Net debt 139,071 At l Aprfl 2021 139.071 At31 Mre 2022 Cash at bonk and in hand 92,192 92.192 Net d¢bt 92,192 92.192 P4g¢15