**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