Charity number: 1180872 Company number: 09803933
(England and Wales)
GENISYS ARCT
Report of the Trustees and Unaudited Financial Statements
For the year ended 30 October 2021
GENISYS ARCT Contents Page For the year ended 30 October 2021
| Report of the Trustees | 1 |
|---|---|
| Independent Examiner's Report to the Trustees | 2 |
| Statement of Financial Activities | 3 |
| Statement of Financial Position | 4 |
| Notes to the Financial Statements | 5 to 9 |
GENISYS ARCT Report of the Trustees For the year ended 30 October 2021
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 30 October 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity GENISYS ARCT Charity registration number 1180872 Company registration number 09803933 Principal address Fairgate House, 205 Kings Road Tyseley Birmingham West Midlands B11 2AA
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Antonia Bethune-Jones Nigel Edwards Maria Nogleides Rosa Dos Santos REICHERDT Ian Mortimer McLaughlin Secretary Maria Reicherd Independent examiners WM ACCOUNTANTS LTD 638 COVENTRY ROAD BIRMINGHAM WEST MIDLANDS B10 0UT
Approved by the Board of Trustees and signed on its behalf by
............................................................................. 13 May 2022 Maria Reicherd
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GENISYS ARCT Independent Examiners Report to the Trustees For the year ended 30 October 2021
I report to the trustees on my examination of the accounts of the charitable company for the year ended 30 October 2021.
Responsibilities and basis of report
As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the 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 your charity's accounts 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 examiners 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 that in any material respect:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the 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
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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.
WM ACCOUNTANTS LTD 638 COVENTRY ROAD BIRMINGHAM WEST MIDLANDS B10 0UT
13 May 2022
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GENISYS ARCT
Statement of Financial Activities (including Income and Expenditure Account) For the year ended 30 October 2021
| Income and endowments from: Notes Donations and legacies 2 Charitable activities 3 Other income 4 Total Expenditure on: Raising funds 5 Charitable activities 6/7 Total Net income/expenditure Total funds carried forward |
Unrestricted funds £ 15,155 15,762 3,061 33,978 (25,101) (132) (25,233) 8,745 8,745 |
2020 £ 18,450 - - |
|---|---|---|
| 18,450 | ||
| (21,180) - |
||
| (21,180) | ||
| (2,730) | ||
| (2,730) |
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Registered Number : 09803933
GENISYS ARCT Statement of Financial Position As at 30 October 2021
| Fixed assets Notes Tangible assets 12 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income funds 14 Total funds |
2021 £ 4,020 4,020 8,397 8,397 (3,672) 4,725 8,745 8,745 8,745 8,745 |
2020 £ 2,021 |
|---|---|---|
| 2,021 | ||
| 2,817 | ||
| 2,817 | ||
| (7,568) (4,751) |
||
| (2,730) | ||
| (2,730) | ||
| (2,730) | ||
| (2,730) |
For the year ended 30 October 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
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The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Antonia Bethune-Jones Trustee
13 May 2022
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GENISYS ARCT Notes to the Financial Statements For the year ended 30 October 2021
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘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 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
GENISYS ARCT 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 note(s).
2. Income from donations and legacies
| Unrestricted funds Donations received Grants received ncome from charitable activities Funds Restricted Income from charitable activities ther income Unrestricted funds Other income 1 |
2021 £ 7,880 7,275 15,155 2021 £ 15,762 2021 £ 3,061 3,061 |
2020 £ 18,450 - |
|---|---|---|
| 18,450 2020 £ - 2020 £ - - |
3. Income from charitable activities
4. Other income
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GENISYS ARCT Notes to the Financial Statements Continued For the year ended 30 October 2021
5. Expenditure on generating donations and legacies
| Restricted / Unrestricted funds Donations Subscriptions Support costs 6. Costs of charitable activities by fund type Unrestricted funds Support costs 7. Costs of charitable activities by activity type Activity 1 Activity 10 8. Analysis of support costs Management Governance costs |
2021 £ 17,087 1,341 6,673 25,101 2021 £ 132 2021 £ 6 126 132 2021 £ 441 6,364 6,805 |
2020 £ 16,519 856 3,805 21,180 2020 £ - 2020 £ - - - 2020 £ 466 3,339 3,805 |
|---|---|---|
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GENISYS ARCT Notes to the Financial Statements Continued For the year ended 30 October 2021
9. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| This is stated after charging/(crediting): | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Depreciation of owned fixed assets | 1,341 | 856 |
| Accountancy fees | 1,425 | 1,925 |
| Trustees' pension contributions | 126 | - |
| Staff pension contributions | 126 | 40 |
10. Staff costs and emoluments
Total staff costs for the year ended 30 October 2021 were:
Salaries and wages Pension costs
2021 2020 £ £ 10,791 10,061 126 40 10,917 10,101
Employee
| 2021 2 2 |
2020 1 1 |
|---|---|
11. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for Restricted and unrestricted funds.
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GENISYS ARCT to the Financial Statements For the year ended 30 October 2021
Notes to the Financial Statements Continued
12. Tangible fixed assets
| Motor | Fixtures and | Computer | ||
|---|---|---|---|---|
| Cost or valuation | Vehicles | Fittings | Equipment | Total |
| £ | £ | £ | £ | |
| At 31 October 2020 | 5,000 | 730 | 1,000 | 6,730 |
| Additions | - | - | 3,340 | 3,340 |
| At 30 October 2021 | 5,000 | 730 | 4,340 | 10,070 |
| Depreciation | ||||
| At 31 October 2020 | 3,418 | 730 | 561 | 4,709 |
| Charge for year | 396 | - | 945 | 1,341 |
| At 30 October 2021 | 3,814 | 730 | 1,506 | 6,050 |
| Net book values | ||||
| At 30 October 2021 | 1,186 | - | 2,834 | 4,020 |
| At 30 October 2020 | 1,582 | - | 439 | 2,021 |
13. Creditors: amounts falling due within one year
| Trade creditors Accruals and deferred income |
2021 £ 3,672 - 3,672 |
2020 £ 6,268 1,300 |
|---|---|---|
| 7,568 |
14. Movement in funds
| Unrestricted Funds General Gerneral ( Restricted & Unrestricted) |
Incoming resources £ 33,978 33,978 |
Outgoing resources £ (25,233) (25,233) |
Balance at 30/10/2021 £ 8,745 |
|---|---|---|---|
| 8,745 |
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GENISYS ARCT Notes to the Financial Statements Continued For the year ended 30 October 2021
Unrestricted Funds - Previous year
| Unrestricted Funds - Previous year | |||
|---|---|---|---|
| Incoming | Outgoing | Balance at | |
| resources | resources | 30/10/2020 | |
| £ | £ | £ | |
| General | |||
| Gerneral | 18,450 | (21,180) | (2,730) |
| 18,450 | (21,180) | (2,730) |
Purpose of unrestricted Funds
Gerneral
1) The relief of poverty, sickness and distress by providing such services and facilities as are necessary including food, clothing and medical supplies;
2) To advance education by providing grants and such items, services and facilities as required particularly, but not exclusively, for the benefit of young people;
15. Analysis of net assets between funds
| Tangible | Net current | Net Assets | |
|---|---|---|---|
| fixed assets | assets / | ||
| (liabilities) | |||
| £ | £ | £ | |
| Unrestricted funds | |||
| General | |||
| Gerneral | 4,020 | 4,725 | 8,745 |
| 4,020 | 4,725 | 8,745 | |
| Previous year | |||
| Tangible | Net current | Net Assets | |
| fixed assets | assets / | ||
| (liabilities) | |||
| £ | £ | £ | |
| Unrestricted funds | |||
| General | |||
| Gerneral | 2,021 | (4,751) | (2,730) |
| 2,021 | (4,751) | (2,730) |
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