OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-10-31-accounts

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 2023

GENISYS ARCT Contents Page For the year ended 30 October 2023

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
Detailed Statement of Financial Activities 10

GENISYS ARCT Report of the Trustees

For the year ended 30 October 2023

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 2023. 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 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 Ian Mortimer MCLAUGHLIN Fabian REICHERDT Secretary Maria Reicherd Independent examiners West Midlands Accountants Ltd 2063 Coventry Road Birmingham West Midlands B26 3DY

Approved by the Board of Trustees and signed on its behalf by

............................................................................. 05 March 2024 Maria Reicherd

1 of 10

Independent Examiners Report to the Trustees

GENISYS ARCT

For the year ended 30 October 2023

I report to the trustees on my examination of the accounts of the charitable company for the year ended 30 October 2023.

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.

West Midlands Accountants Ltd 2063 Coventry Road Birmingham West Midlands B26 3DY

05 March 2024

2 of 10

GENISYS ARCT

Statement of Financial Activities (including Income and Expenditure Account) For the year ended 30 October 2023

Notes Unrestricted Restricted 2023 2022
funds funds
£ £ £ £
Income and endowments from:
Donations and legacies 2 20,072 16,500 36,572 22,858
Investments 3 3 - 3 -
Total 20,075 16,500 36,575 22,858
Expenditure on:
Raising funds 4 (22,372) - (22,372) (27,463)
Charitable activities 5/6 (2,135) - (2,135) (20)
Total (24,507) - (24,507) (27,483)
Net income/expenditure (4,432) 16,500 12,068 (4,625)
Reconciliation of funds
Total funds brought forward - - - 8,745
Total funds carried forward (4,432) 16,500 12,068 4,120

3 of 10

Registered Number : 09803933

GENISYS ARCT Statement of Financial Position

As at 30 October 2023

Notes 2023 2022
£ £
Fixed assets
Tangible assets 11 2,261 3,015
2,261 3,015
Current assets
Debtors 12 (3,906) 201
Cash at bank and in hand 17,653 3,732
13,747 3,933
Creditors: amounts falling due within one year 13 (3,940) (2,828)
Net current assets 9,807 1,105
Total assets less current liabilities 12,068 4,120
Net assets 12,068 4,120
The funds of the charity
Restricted income funds 14 16,500 -
Unrestricted income funds 14 (4,432) 4,120
Total funds 12,068 4,120

For the year ended 30 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The financial statements were approved and authorised for issue by the Board and signed on its behalf by:

Antonia Bethune-Jones Trustee

05 March 2024

4 of 10

GENISYS ARCT Notes to the Financial Statements

For the year ended 30 October 2023

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 Restricted 2023 2022
funds funds
£ £ £ £
Donations received 20,072 16,500 36,572 17,898
Grants received - - - 4,960
20,072 16,500 36,572 22,858

3. Investment income

Unrestricted funds
Bank interest receivable		 2023
£
3
3		 2022
£
-
-

4. Expenditure on generating donations and legacies

xpenditure on generating donations and legacies
2023 2022
£ £
Unrestricted funds
Donations 18,122 21,251
Subscriptions 1,280 1,650
Support costs 2,970 4,562
22,372 27,463

5 of 10

GENISYS ARCT Notes to the Financial Statements Continued

For the year ended 30 October 2023

5. Costs of charitable activities by fund type

osts of charitable activities by fund type
2023 2022
£ £
Unrestricted funds
Activity 1 2,003 -
Support costs 132 20
2,135 20

6. Costs of charitable activities by activity type

Activities undertaken directly
Activity 1
nalysis of support costs
Management
Sundry Expense
Governance costs		 2023
£
2,135
2023
£
354
1,076
1,672
3,102		 2022
£
20
2022
£
368
501
3,713
4,582

7. Analysis of support costs

8. Net income/(expenditure) for the year

This is stated after charging/(crediting):

This is stated after charging/(crediting):
2023 2022
£ £
Depreciation of owned fixed assets 754 1,005
Accountancy fees 1,540 1,768
Staff pension contributions - 11

6 of 10

GENISYS ARCT

Notes to the Financial Statements Continued

For the year ended 30 October 2023

9. Staff costs and emoluments

Total staff costs for the year ended 30 October 2023 were:

Salaries and wages
Pension costs
Employee		 2023
£
9,224
-
9,224
2023
3
3		 2022
£
12,881
11
12,892
2022
2
2

10. Comparative for the Statement of Financial Activities

The comparative year values on the Statement of Financial Activites are for unrestricted funds.

11. Tangible fixed assets

Cost or valuation
At 31 October 2022
At 30 October 2023
Depreciation
At 31 October 2022
Charge for year
At 30 October 2023
Net book values
At 30 October 2023
At 30 October 2022
Debtors
Amounts due within one year:
Other debtors		 Motor
Vehicles
£
5,000
5,000
4,111
222
4,333
667
889		 Computer
Equipment
£
4,340
4,340
2,214
532
2,746
1,594
2,126
2023
£
(3,906)
(3,906)		 Total
£
9,340
9,340
6,325
754
7,079
2,261
3,015
2022
£
201
201

12. Debtors

7 of 10

GENISYS ARCT Notes to the Financial Statements Continued For the year ended 30 October 2023

13. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 2,802 2,802
Other creditors 1,138 26
3,940 2,828
Movement in funds
Unrestricted Funds
Balance at Incoming Outgoing Balance at
31/10/2022 resources resources 30/10/2023
£ £ £ £
General
General Funds - 20,075 (24,507) (4,432)
- 20,075 (24,507) (4,432)
Unrestricted Funds - Previous year
Balance at Incoming Outgoing Balance at
31/10/2021 resources resources 30/10/2022
£ £ £ £
General
General Funds 8,745 22,858 (27,483) 4,120
8,745 22,858 (27,483) 4,120

14. Movement in funds

Purpose of unrestricted Funds

General Funds

Our activities support 'The prevention and relief of poverty among people living in the UK and South America through the provision of training; education and employment; consultation; health education awareness; empowering individuals with the knowledge and skills to prevent and protect against poverty and major health issues.

Restricted Funds

Incoming Balance at
resources 30/10/2023
£ £
Grant 16,500 16,500
16,500 16,500

8 of 10

GENISYS ARCT Notes to the Financial Statements Continued

For the year ended 30 October 2023

Restricted Funds - Previous year
Incoming Balance at
resources 30/10/2022
£ £
- -
Purpose of restricted funds
Grant
Wages & Salaries
15. Analysis of net assets between funds
Tangible Net current Net Assets
fixed assets assets /
(liabilities)
£ £ £
Unrestricted funds
General
General Funds 2,261 (6,693) (4,432)
Restricted funds
Grant - 16,500 16,500
2,261 9,807 12,068
Previous year
Tangible Net current Net Assets
fixed assets assets /
(liabilities)
£ £ £
Unrestricted funds
General
General Funds 3,015 1,105 4,120
Restricted funds
3,015 1,105 4,120

9 of 10

GENISYS ARCT Detailed Statement of Financial Activities

For the year ended 30 October 2023

INCOME AND ENDOWMENT
Donations and legacies
Donations
Grants Receivable
Investments
Bank Interest Receivable
Total incoming resources
EXPENDITURE
Raising donations and legacies
Donations
Subscriptions
Charitable activities
Cost Of Direct Charitable Activity
SUPPORT COSTS
Management
Management
Sundry Expense
Sundry Expense
Governance costs
Governance Costs
Governance Costs
Total resources expended
Net Income		 £
2023
36,572
-
36,572
3
3
36,575
(18,122)
(1,280)
(19,402)
(2,003)
(2,003)
(354)
(354)
(1,076)
(1,076)
(1,540)
(132)
(1,672)
(24,507)
12,068		 £
2022
17,898
4,960
22,858
-
-
22,858
(21,251)
(1,650)
(22,901)
-
-
(368)
(368)
(501)
(501)
(3,693)
(20)
(3,713)
(27,483)
(4,625)

10 of 10

This page does not form part of the statutory financial statements