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2024-10-31-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 2024

GENISYS ARCT Contents Page For the year ended 30 October 2024

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 10
Detailed Statement of Financial Activities 11

GENISYS ARCT Report of the Trustees For the year ended 30 October 2024

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 2024. 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 Nogleides Rosa Dos Santos REICHERDT 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

............................................................................. 02 May 2025 Maria Nogleides Rosa Dos Santos REICHERDT

1 of 11

GENISYS ARCT Independent Examiners Report to the Trustees

For the year ended 30 October 2024

I report to the trustees on my examination of the accounts of the charitable company for the year ended 30 October 2024.

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

02 May 2025

2 of 11

GENISYS ARCT

Statement of Financial Activities (including Income and Expenditure Account) For the year ended 30 October 2024

Notes
Income and endowments from:
Donations and legacies
2
Investments
3
Total
Expenditure on:
Raising funds
4
Charitable activities
5/6
Total
Net income/expenditure
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
28,973
60
29,033
(41,060)
(1,770)
(42,830)
(13,797)
16,188
2,391		 2023
£
36,572
3
36,575
(22,372)
(2,135)
(24,507)
12,068
-
12,068

3 of 11

09803933

Registered Number :

GENISYS ARCT Statement of Financial Position

As at 30 October 2024

Notes
Fixed assets
Tangible assets
11
Current assets
12
Debtors: amounts falling due within one year
Debtors: amounts falling due after more than one year
12
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
Restricted income funds
14
Unrestricted income funds
14
Total funds		 £
2024
1,818
1,818
201
14
4,869
5,084
(4,511)
573
2,391
2,391
-
2,391
2,391		 £
2023
2,261
2,261
(3,906)
-
17,653
13,747
(3,940)
9,807
12,068
12,068
16,500
(4,432)
12,068

For the year ended 30 October 2024 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:

Nigel EDWARDS Trustee 02 May 2025

4 of 11

GENISYS ARCT Notes to the Financial Statements

For the year ended 30 October 2024

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).

Going concern

2. Income from donations and legacies

Unrestricted funds
Donations received
nvestment income
Unrestricted funds
Bank interest receivable
xpenditure on generating donations and legacies
Unrestricted funds
Donations
Subscriptions
Support costs		 2024
£
28,973
28,973
2024
£
60
60
2024
£
36,460
1,204
3,396
41,060		 2023
£
36,572
36,572
2023
£
3
3
2023
£
18,122
1,280
2,970
22,372

3. Investment income

4. Expenditure on generating donations and legacies

5 of 11

GENISYS ARCT Notes to the Financial Statements Continued

For the year ended 30 October 2024

5. Costs of charitable activities by fund type

Unrestricted funds
Activity 1
Support costs
osts of charitable activities by activity type
Activities undertaken directly
Activity 1
nalysis of support costs
Management
Sundry Expense
Governance costs		 2024
£
1,729
41
1,770
2024
£
1,770
2024
£
482
130
2,825
3,437		 2023
£
2,003
132
2,135
2023
£
2,135
2023
£
354
1,076
1,672
3,102

6. Costs of charitable activities by activity type

7. Analysis of support costs

8. Net income/(expenditure) for the year

This is stated after charging/(crediting):

Depreciation of owned fixed assets Accountancy fees

2024 2023
£ £
587 754
1,875 1,540

6 of 11

GENISYS ARCT

Notes to the Financial Statements Continued

For the year ended 30 October 2024

9. Staff costs and emoluments

Total staff costs for the year ended 30 October 2024 were:

Total staff costs for the year ended 30 October 2024 were:
Salaries and wages
Employee		 2024
£
14,547
14,547
2024
0
0		 2023
£
9,224
9,224
2023
3
3

10. Comparative for the Statement of Financial Activities

Income and endowments from:
Donations and legacies
Investments
Total
Expenditure on:
Raising funds
Charitable activities
Total
Net income/expenditure
Total funds carried forward		 Unrestricted
funds
£
20,072
3
20,075
(20,832)
(2,135)
(22,967)
(2,892)
(2,892)		 Restricted
funds
£
16,500
-
16,500
-
-
-
16,500
16,500		 2023
£
36,572
3
36,575
(20,832)
(2,135)
(22,967)
13,608
13,608

7 of 11

GENISYS ARCT

Notes to the Financial Statements Continued

For the year ended 30 October 2024

11. Tangible fixed assets

Cost or valuation
At 31 October 2023
At 30 October 2024
Depreciation
At 31 October 2023
Charge for year
At 30 October 2024
Net book values
At 30 October 2024
At 30 October 2023
Debtors
Amounts due within one year:
Other debtors
Amounts due after more than one year:
Other debtors
Creditors: amounts falling due within one year
Trade creditors
Other creditors		 Motor
Vehicles
£
5,000
5,000
4,333
167
4,500
500
667		 Fixtures and
Fittings
£
873
873
730
21
751
122
143		 Computer
Equipment
£
4,340
4,340
2,746
398
3,144
1,196
1,594
2024
£
201
201
14
14
2024
£
3,373
1,138
4,511		 Total
£
10,213
10,213
7,809
586
8,395
1,818
2,404
2023
£
(3,906)
(3,906)
-
-
2023
£
2,802
1,138
3,940

12. Debtors

13. Creditors: amounts falling due within one year

8 of 11

GENISYS ARCT Notes to the Financial Statements Continued

For the year ended 30 October 2024

14. Movement in funds

Unrestricted Funds

General
General Funds
Unrestricted Funds - Previous year
General
General Funds		 Balance at
31/10/2023
£
16,188
16,188
Balance at
31/10/2022
£
-
-		 Incoming
resources
£
29,033
29,033
Incoming
resources
£
20,075
20,075		 Outgoing
resources
£
(42,830)
(42,830)
Outgoing
resources
£
(24,507)
(24,507)		 Balance at
30/10/2024
£
2,391
2,391
Balance at
30/10/2023
£
(4,432)
(4,432)

Restricted Funds

Restricted Funds - Previous year
Grant
Purpose of restricted funds
Grant
Wages & Salaries		 Incoming
resources
£
-
Incoming
resources
£
16,500
16,500		 Balance at
30/10/2024
£
-
Balance at
30/10/2023
£
16,500
16,500

9 of 11

GENISYS ARCT Notes to the Financial Statements Continued For the year ended 30 October 2024

15. Analysis of net assets between funds

Tangible Net current Net Assets
fixed assets assets /
(liabilities)
£ £ £
Unrestricted funds
General
General Funds 1,818 573 2,391
Restricted funds
1,818 573 2,391
Previous year
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

10 of 11

GENISYS ARCT Detailed Statement of Financial Activities For the year ended 30 October 2024

INCOME AND ENDOWMENT
Donations and legacies
Donations
Investments
Bank Interest Receivable
Total incoming resources
EXPENDITURE
Raising donations and legacies
Donations
Staff Costs - Wages & Salaries
Rent & Rates
Postage & Stationery
Staff Walfare
Marketing & Publicity
Insurance
Website Cost
Motor Expense
Office Expense
Subscriptions
Depreciation - Owned Assets
Charitable activities
Cost Of Direct Charitable Activity
SUPPORT COSTS
Management
Telephone
Sundry Expense
Sundry Expense
Governance costs
Accountancy Fees
Motor And Travel Expenses
Legal Fees
Bank Charges
Total resources expended
Net Expenditure		 £
2024
28,973
28,973
60
60
29,033
(265)
(14,547)
(12,120)
(797)
(1,944)
(130)
(534)
(847)
(739)
(4,537)
(617)
(587)
(37,664)
(1,729)
(1,729)
(482)
(482)
(130)
(130)
(1,875)
(909)
(35)
(6)
(2,825)
(42,830)
(13,797)		 £
2023
36,572
36,572
3
3
36,575
(10)
(9,224)
(5,861)
(411)
(45)
(30)
(510)
(211)
(506)
(1,314)
(526)
(754)
(19,402)
(2,003)
(2,003)
(354)
(354)
(1,076)
(1,076)
(1,540)
-
(126)
(6)
(1,672)
(24,507)
12,068

11 of 11

This page does not form part of the statutory financial statements