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 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 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