2021-03-31-accounts

COMPANY REGISTRATION NUMBER: 1249592

CHARITY REGISTRATION NUMBER: 271172

RIOSAN LTD

Company Limited by Guarantee Unaudited Financial Statements 31 March 2021

RIOSAN LTD

Company Limited by Guarantee

Financial Statements

Year ended 31 March 2021

	Page
Trustees' annual report (incorporating the director's report)	1
Independent examiner's report to the trustees	4
Statement of financial activities (including income and
expenditure account)	5
Statement of financial position	6
Notes to the financial statements	7
The following pages do not form part of the financial statements
Detailed statement of financial activities	15
Notes to the detailed statement of financial activities	16

RIOSAN LTD

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 March 2021

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2021.

Reference and administrative details

Registered charity name RIOSAN LTD Charity registration number 271172 Company registration number 1249592 Principal office and registered 88 Castlewood Road office London N16 6DH

The trustees

Mr A Lewin Mr S Heimann Mr E Z Rabinowitz Mr G Schleider Mr N Grunbaum Mr I Nyman (Died 11 July 2020) Dr S.G. Springer Company secretary E Z Rabinowitz Independent examiner S Y Steinhaus FCA Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS

Structure, governance and management

The charity is managed and controlled by the directors who are also the trustees, and who meet regularly.

Governing document

The charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 17th March 1976.

Recruitment, Induction and Training

It is not the intention of the charity to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.

- 1 -

RIOSAN LTD

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 March 2021

Objectives and activities

The charity has continued with its running of religious activities, including the provision and running of the synagogue as a place of worship and study, and of the ancillary activities relating thereto.

The Governors meet regularly to manage the affairs of the charity, but the day to day affairs are delegated to volunteer administrators.

Public Benefit

The trustees confirm their compliance with the duty to have due regard to The Public Benefit Guidance published by The Charity Commission when reviewing the charity's aims and objectives in planning future activities.

Achievements and performance

During the year, the charity continued to raise funds, and has applied all the funds towards activities in furtherance of its activities.

The trustees are satisfied with the results for the period.

Financial review

The trustees have reviewed the results for the year and have expressed their satisfaction.

Reserve Policy

The trustees maintain reserves in order that they may continue their activities should the charity's income not continue at the level seen hitherto, and over which the trustees themselves have no control. A portion of the accumulated reserves is, at the trustees discretion when required, utilised to fund fixed assets used by the charity.

The charity aims to raise surplus income to forward cover running expenditure, and it is hoped that this will be achieved in future years.

Surplus funds are invested in short term bank deposits.

Plans for future periods

There are no current plans to change the activities or modus operandi in the foreseeable future.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

- 2 -

RIOSAN LTD

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 March 2021

The trustees' annual report was approved on 28 December 2021 and signed on behalf of the board of trustees by:

Mr E Z Rabinowitz Trustee

- 3 -

RIOSAN LTD

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of RIOSAN LTD

Year ended 31 March 2021

I report to the trustees on my examination of the financial statements of RIOSAN LTD ('the charity') for the year ended 31 March 2021.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).

Having satisfied myself that the accounts of the company 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 the 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 charity as required by section 386 of the 2006 Act; or

2. the financial statements do not accord with those records; or

3. the financial statements 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 financial statements 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.

S Y Steinhaus FCA Independent Examiner Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS

28 December 2021

- 4 -

RIOSAN LTD

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 March 2021

		2021	2021	2020
		Unrestricted
		funds	Total funds	Total funds
	Note	£	£	£
Income and endowments
Donations and legacies	5	110,124	110,124	124,978
Investment income	6	24,745	24,745	41,447
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Total income		134,869	134,869	166,425
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
Expenditure
Expenditure on charitable activities	7,8	164,004	164,004	212,024
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Total expenditure		164,004	164,004	212,024
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Net expenditure and net movement in funds		(29,135)	(29,135)	(45,599)
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
Reconciliation of funds
Total funds brought forward		523,954	523,954	569,553
		ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Total funds carried forward		494,819 ৶৶৶৶৶৶৶৶৶	494,819 ৶৶৶৶৶৶৶৶৶	523,954 ৶৶৶৶৶৶৶৶৶

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 7 to 13 form part of these financial statements.

- 5 -

RIOSAN LTD

Company Limited by Guarantee

Statement of Financial Position

31 March 2021

		2021		2020
	Note	£	£	£
Fixed assets
Tangible fixed assets	13		548,992	554,939
Current assets
Cash at bank and in hand		32,420		32,328
Creditors: amounts falling due within one year	14	68,460		27,440
		ৄৄৄৄৄৄৄৄ		ৄৄৄৄৄৄৄৄ
Net current liabilities			(36,040)	4,888
			ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Total assets less current liabilities			512,952	559,827
Creditors: amounts falling due after more than
one year	15		18,133	35,873
			ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Net assets			494,819	523,954
			৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
Funds of the charity
Unrestricted funds			494,819	523,954
			ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Total charity funds	16		494,819 ৶৶৶৶৶৶৶৶৶	523,954 ৶৶৶৶৶৶৶৶৶

For the year ending 31 March 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 company to obtain an audit of its financial statements for the year in question in accordance with section 476;

• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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

These financial statements were approved by the board of trustees and authorised for issue on 28 December 2021, and are signed on behalf of the board by:

Mr E Z Rabinowitz Trustee

The notes on pages 7 to 13 form part of these financial statements.

- 6 -

RIOSAN LTD

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2021

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 88 Castlewood Road, London, N16 6DH.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets and investments measured at market value. The financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), and the requirements of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) (SORP 2015).

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the purposes of the charity. Unrestricted funds include a revaluation reserve representing the restatement of investment assets at market values.

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RIOSAN LTD

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2021

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

• legacy income is recognised when receipt is probable and entitlement is established.

• income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.

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 are those costs incurred directly in support of expenditure on the objects of the charity.

Governance cost comprise all costs involving the public accountability of the charity and its compliance with regulation of good practice. The costs include costs related to statutory audit and direct governing costs.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

- 8 -

RIOSAN LTD

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2021

3. Accounting policies (continued)

Tangible assets (continued)

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings - 25% reducing balance Library - 10% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

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RIOSAN LTD

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2021

3. Accounting policies (continued)

Financial instruments (continued)

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Limited by guarantee

The charity company is limited by guarantee and does not have a share capital.

5. Donations and legacies

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2021	Funds	2020
	£	£	£	£
Donations
Donations received	110,124	110,124	124,978	124,978
	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
Investment income
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2021	Funds	2020
	£	£	£	£
Rents receivable	24,603	24,603	41,089	41,089
Bank interest receivable	142	142	358	358
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
	24,745	24,745	41,447	41,447
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶

6. Investment income

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RIOSAN LTD

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2021

7. Expenditure on charitable activities by fund type

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2021	Funds	2020
	£	£	£	£
Charitable activities	162,800	162,800	210,855	210,855
Support costs	1,204	1,204	1,169	1,169
	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
	164,004 ৶৶৶৶৶৶৶৶৶	164,004 ৶৶৶৶৶৶৶৶৶	212,024 ৶৶৶৶৶৶৶৶৶	212,024 ৶৶৶৶৶৶৶৶৶

8. Expenditure on charitable activities by activity type

	Activities
	undertaken	Grant funding		Total funds	Total fund
	directly	of activities Support costs		2021	2020
	£	£	£	£	£
Charitable activities	100,200	62,600	–	162,800	210,855
Governance costs	–	–	1,204	1,204	1,169
	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
	100,200 ৶৶৶৶৶৶৶৶৶	62,600 ৶৶৶৶৶৶৶৶	1,204 ৶৶৶৶৶৶৶	164,004 ৶৶৶৶৶৶৶৶৶	212,024 ৶৶৶৶৶৶৶৶৶

9. Net expenditure

Net expenditure is stated after charging/(crediting):

Net expenditure is stated after charging/(crediting):
	2021	2020
	£	£
Depreciation of tangible fixed assets	6,005	6,016
	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶
Independent examination fees
	2021	2020
	£	£
Fees payable to the independent examiner for:
Independent examination of the financial statements	900	750
	৶৶৶৶	৶৶৶৶

10. Independent examination fees

11. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as	The total staff costs and employee benefits for the reporting period are analysed as	follows:
	2021	2020
	£	£
Wages and salaries	23,700	23,700
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶

The average head count of employees during the year was Nil (2020: 2). The average number of full-time equivalent employees during the year is analysed as follows:

	2021	2020
	No.	No.
Number of staff	2	2
	৶৶৶৶	৶৶৶৶

No employee received employee benefits of more than £60,000 during the year (2020: Nil).

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RIOSAN LTD

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2021

12. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

13. Tangible fixed assets

	Land and	Fixtures and	User defined
	buildings	fittings	asset	Total
	£	£	£	£
Cost
At 1 April 2020	528,696	109,308	119,848	757,852
Additions	–	–	58	58
	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
At 31 March 2021	528,696	109,308	119,906	757,910
	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
Depreciation
At 1 April 2020	–	106,259	96,654	202,913
Charge for the year	–	1,005	5,000	6,005
	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
At 31 March 2021	–	107,264	101,654	208,918
	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
Carrying amount
At 31 March 2021	528,696	2,044	18,252	548,992
	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
At 31 March 2020	528,696	3,049	23,194	554,939
	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶

The freehold property is subject to a charge as security for the long-term loan.

14. Creditors: amounts falling due within one year

	2021	2020
	£	£
Accruals and deferred income	990	840
Other creditors	67,470	26,600
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
	68,460	27,440
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
Creditors: amounts falling due after more than one year
	2021	2020
	£	£
Bank loans and overdrafts	18,133 ৶৶৶৶৶৶৶৶	35,873 ৶৶৶৶৶৶৶৶

15. Creditors: amounts falling due after more than one year

The mortgage loan, which bears interest at Base Rate plus 1.75%, is secured on the charity's property and is repayable in instalments terminating in March 2022.

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RIOSAN LTD

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2021

16. Analysis of charitable funds

Unrestricted funds

	Unrestricted funds
					At
		At		31 March 202
		1 April 2020	Income	Expenditure	1
		£	£	£	£
	Unrestricted Fund	523,954	134,869	(164,004)	494,819
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
					At
		At		31 March 202
		1 April 2019	Income	Expenditure	0
		£	£	£	£
	Unrestricted Fund	569,553	166,425	(212,024)	523,954
		৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
17.	Analysis of net assets between funds
				Unrestricted	Total Funds
				Funds	2021
				£	£
	Tangible fixed assets			548,992	548,992
	Current assets			32,420	32,420
	Creditors less than 1 year			(68,460)	(68,460)
	Creditors greater than 1 year			(18,133)	(18,133)
				ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
	Net assets			494,819	494,819
				৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
				Unrestricted	Total Funds
				Funds	2020
				£	£
	Tangible fixed assets			554,939	554,939
	Current assets			32,328	32,328
	Creditors less than 1 year			(27,440)	(27,440)
	Creditors greater than 1 year			(35,873)	(35,873)
				ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
	Net assets			523,954	523,954
				৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶

- 13 -

RIOSAN LTD

Company Limited by Guarantee

Management Information Year ended 31 March 2021

The following pages do not form part of the financial statements.

- 14 -

RIOSAN LTD

Company Limited by Guarantee

Detailed Statement of Financial Activities

Year ended 31 March 2021

	2021	2020
	£	£
Income and endowments
Donations and legacies
Donations received	110,124	124,978
	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Investment income
Rents receivable	24,603	41,089
Bank interest receivable	142	358
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
	24,745	41,447
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Total income	134,869	166,425
	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
Expenditure
Expenditure on charitable activities
Wages and salaries	23,700	23,700
Rates and water	120	116
Light and heat	10,710	12,678
Repairs and maintenance	28,149	52,943
Insurance	4,615	4,601
Other establishment	8,815	9,925
Legal and professional fees	899	840
Other office costs	–	120
Depreciation	6,005	6,016
Loan interest	1,019	1,638
Grants	62,755	83,329
Synagogue services	17,217	16,118
	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
	164,004	212,024
	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Total expenditure	164,004	212,024
	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Net expenditure	(29,135)	(45,599)
	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶

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RIOSAN LTD

Company Limited by Guarantee

Notes to the Detailed Statement of Financial Activities

Year ended 31 March 2021

	2021	2020
	£	£
Expenditure on charitable activities
Charitable activities
Activities undertaken directly
Wages/salaries	23,700	23,700
Direct charitable activity 1 - rates & water	120	116
Light & heat	10,710	12,678
Repairs & maintenance	28,149	52,943
Insurance	4,615	4,601
Cleaning	8,815	9,925
General expenses	–	120
Depreciation	6,005	6,016
Loan interest	869	1,488
Synagogue services and functions	17,217	16,118
	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
	100,200	127,705
	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Grant funding activities
Grants & donations	62,600	83,150
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Governance costs
Governance costs - accountancy fees	899	840
Advertising	150	150
Bank charges	155	179
	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ
	1,204	1,169
	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ
	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Expenditure on charitable activities	164,004 ৶৶৶৶৶৶৶৶৶	212,024 ৶৶৶৶৶৶৶৶৶

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