2024-09-30-accounts

REGISTERED COMPANY NUMBER: NI672876 (Northern Ireland) REGISTERED CHARITY NUMBER: NI01098

Report of the Trustees and Unaudited Financial Statements for the Year Ended 30 September 2024

for Arcade Studios Limited

pg. 1

Arcade Studios Limited

Contents of the Financial Statements for the Year Ended 30 September 2024

	Page
Report of the Trustees	3
Statement of Financial Activities	4
Balance Sheet	5
Notes to the Financial Statements	6 to 8
Detailed Statement of Financial Activities	9

pg. 2

Arcade Studios Limited

Report of the Trustees

for the Year Ended 30 September 2024

The trustees and directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2024. The trustees have adopted the provisions of the Accounting and Reporting by Charities: Statement of Recommended Practice FRS 102 (Charities SORP FRS102).

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

NI672876 (Northern Ireland)

Registered Charity number NI01098

Registered office

35 Donegall Street Belfast BT1 2FG

Trustees

Sophia Campbell Eimear Nic Roibeaird Cameron Stewart Aine Gordon Directors Sophia Campbell Eimear Nic Roibeaird Cameron Stewart Aine Gordon

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD :

Cameron Stewart - Trustee

25[th] June 2025

pg. 3

Arcade Studios Limited

Statement of Financial Activities

for the Year Ended 30 September 2024

INCOMING RESOURCES Incoming Resources from Charitable Activities Total incoming resources RESOURCES EXPENDED Charitable activities Governance costs Total resources expended NET INCOMING RESOURCES RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	30.09.24 30.09.23 Unrestricted funds Total funds 26,681 14,777 26,681 14,777 25,026 15,142 600 600 25,626 15,742 1,054 (965) (1,114) (149) (60) (1,114)

CONTINUING OPERATIONS

All incoming resources and resources expended arise from continuing activities.

pg. 4

Arcade Studios Limited

Balance Sheet

At 30 September 2024

Notes FIXED ASSETS Tangible assets 4 CURRENT ASSETS Cash at bank and in hand CREDITORS Amounts falling due within one year 5 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds 6 TOTAL FUNDS	30.09.24 30.09.23 Unrestricted funds Total funds £ £ 0 0 1,140 686 1,140 686 (1,200) (1,800) (60) (1,114) (60) (1,114) (60) (1,114) (60) (1,114) (60) (1,114)

For the year ending 30 September 2024, the charitable 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 period in question in accordance with section 476.

The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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 by the Board of Trustees on 25[th] June 2025 and were signed on its behalf by:

............................................. Cameron Stewart -Trustee

The notes form part of these financial statements

pg. 5

Arcade Studios Limited

Notes to the Financial Statements

for the Year Ended 30 September 2024

1. ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention, the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Financial Reporting Standard Number 1

Exemption has been taken from preparing a cash flow statement on the grounds that the charitable company qualifies as a small charitable company.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures & Fittings 33% reducing balance.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the statement of financial activities on a straight line basis over the Year of the lease.

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2024.

Trustees' Expenses

There were no trustees' expenses paid for the year ended 30 September 2024

3. STAFF COSTS

	30.9.24	30.09.23
	£	£
Wages and salaries	0	0
Average number of staff during the period: 0

pg. 6

Arcade Studios Limited

Notes to the Financial Statements - Continued for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS

COST At 30 September 2023 Additions Disposals At 30 September 2024 DEPRECIATION At 30 September 2023 Depreciation on disposals Charge for year At 30 September 2024 NET BOOK VALUE At 30 September 2024 At 30 September 2023	Plant and machinery etc £ 0 0 0
	0 0 0 0
	0 0
	0

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

	30.9.24	30.9.23
	£	£
Accruals	600	1,800
Creditors	600	0
	1,200	1,800

pg. 7

Arcade Studios Limited

Notes to the Financial Statements - Continued

for the Year ended 30 September 2024

6. MOVEMENT IN FUNDS

		Net
		movement in
	At 30.9.23	funds	At 30.9.24
	£	£	£
Unrestricted funds
General fund	(1,114)	1,054	(60)
TOTAL FUNDS	(1,114)	**1,054 **	(60)
Net movement in funds, included in the above are as follows:
	Incoming	Resources	Movement
	resources	expended	In funds
	£	£	£
Unrestricted funds
General fund	14,777	(15,742)	(965)
TOTAL FUNDS	14,777	(15,742)	**(965) **

pg. 8

Arcade Studios Limited

Detailed Statement of Financial Activities for the Year Ended 30 September 2024

INCOMING RESOURCES Incoming Resources from Donations and Legacies: Donations and legacies Incoming Resources from Charitable Activities: Operation of studio Total incoming resources RESOURCES EXPENDED Charitable activities: Exhibition expenses Donations Rent Other overheads Governance costs: Accountancy Total resources expended Net incoming / (outgoing) resources and net movement in funds for year Reconciliation of funds Total funds brought forward Total funds carried forward	30.09.24 £ 7,700 18,981 26,681 2,490 2,936 14,200 5,401 25,026 600 600 25,626 1,054 (1,114) (60)	30.09.23 £ 0 14,777
		14,777
		1,613 0 12,410 1,119
		15,142 600
		600
		15,742
		(965)
		(149)
		(1,114)

This page does not form part of the statutory financial statements

pg. 9