REGISTERED COMPANY NUMBER: NI672876 (Northern Ireland) REGISTERED CHARITY NUMBER: NI01098
Report of the Trustees and Unaudited Financial Statements for the Year Ended 30 September 2025
for Arcade Studios Limited
pg. 1
Arcade Studios Limited
Contents of the Financial Statements for the Year Ended 30 September 2025
| 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 2025
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 2025. 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
OBJECTIVES AND ACTIVITIES
Arcade Studios Limited exists to advance education and the arts, culture, heritage and science in Northern Ireland. The charity provides affordable studio spaces, facilities and offices in Belfast city centre, supporting emerging artists across all disciplines — including painters, printmakers, musicians, craftspeople, writers, graphic designers and sculptors — to develop their creative practice and work towards sustainable careers. During the year the charity continued to deliver its programme of exhibitions, artist talks, seminars and open studio events, enabling members of the public to engage freely with artists and the arts. The exhibition programme advances public knowledge of and interest in the art sector in Northern Ireland, and the charity's facilities are also made available to local community and organisation groups. The trustees consider that these activities provide direct public benefit in accordance with the charity's objects as registered with the Charity Commission for Northern Ireland, and that there is no harm arising from any of the charity's purposes.
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
29[th] June 2026
pg. 3
Arcade Studios Limited
Statement of Financial Activities
for the Year Ended 30 September 2025
| 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 |
30.09.25 Unrestricted funds 37,045 37,045 23,865 660 24,525 12,520 (60) 12,460 |
30.09.24 Total funds 26,681 |
|---|---|---|
| 26,681 25,026 600 |
||
| 25,626 | ||
| 1,054 | ||
| (1,114) | ||
| (60) |
CONTINUING OPERATIONS
All incoming resources and resources expended arise from continuing activities.
pg. 4
Arcade Studios Limited
Balance Sheet At 30 September 2025
| 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 |
30.09.25 Unrestricted funds 0 13,060 13,060 (600) 12,460 12,460 12,460 12,460 12,460 |
30.09.24 Total funds £ 0 1,140 |
|---|---|---|
| 1,140 (1,200) |
||
| (60) | ||
| (60) | ||
| (60) | ||
| (60) | ||
| (60) |
For the year ending 30 September 2025, 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 29[th] June 2026 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 2025
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 2025.
Trustees' Expenses
There were no trustees' expenses paid for the year ended 30 September 2025
3. STAFF COSTS
| 30.9.25 | 30.09.24 | |
|---|---|---|
| £ | £ | |
| 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 2025
4. TANGIBLE FIXED ASSETS
| COST At 30 September 2024 Additions Disposals At 30 September 2025 DEPRECIATION At 30 September 2024 Depreciation on disposals Charge for year At 30 September 2025 NET BOOK VALUE At 30 September 2025 At 30 September 2024 |
Fixtures and Fittings £ 0 0 0 |
|---|---|
| 0 0 0 0 |
|
| 0 0 |
|
| 0 | |
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 30.9.25 | 30.9.24 | |
|---|---|---|
| £ | £ | |
| Accruals | 600 | 1,200 |
| Creditors | 0 | 0 |
| 600 | 1,200 |
pg. 7
Arcade Studios Limited
for the Year ended 30 September 2025
Notes to the Financial Statements - Continued
6. MOVEMENT IN FUNDS
| Net | ||||
|---|---|---|---|---|
| movement in | ||||
| At 30.9.24 | funds | At | 30.9.25 | |
| £ |
£ |
£ | ||
| Unrestricted funds | ||||
| General fund | (60) | 12,520 |
12,460 | |
| TOTAL FUNDS | **(60) ** | 12,520 |
12,460 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming |
Resources |
Movement | ||
| resources | expended | In funds | ||
| £ |
£ |
£ | ||
| Unrestricted funds | ||||
| General fund | 37,045 | (24,525) | 12,520 | |
| TOTAL FUNDS | 37,045 | **(24,525) ** | 12,520 |
pg. 8
Arcade Studios Limited
Detailed Statement of Financial Activities for the Year Ended 30 September 2025
| 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 |
30.09.25 £ 14,700 22,345 37,045 3,692 0 16,800 3,373 23,865 660 660 24,525 12,520 (60) 12,460 |
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) |
This page does not form part of the statutory financial statements
pg. 9