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 1 of 9 ## 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: 1. accounting records were not kept in respect of the Company 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 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. WM ACCOUNTANTS LTD 638 COVENTRY ROAD BIRMINGHAM WEST MIDLANDS B10 0UT 13 May 2022 2 of 9 ## 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)**| 3 of 9 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. - The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, - 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 4 of 9 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** 5 of 9 ## 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**| |---|---|---| 6 of 9 ## 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. 7 of 9 ## 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**| 8 of 9 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)**| 9 of 9