For the year ended 30 October 2024
Report of the Trustees and Unaudited Financial Statements
For the year ended 30 October 2024
GENISYS ARCT
Contents Page
1
Report of the Trustees
2
Independent Examiner's Report to the Trustees
3
Statement of Financial Activities
4
Statement of Financial Position
5 to 10
Notes to the Financial Statements
For the year ended 30 October 2024
GENISYS ARCT
Report of the Trustees
| 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 |
GENISYS ARCT
| Charity registration number |
1180872
09803933
| Company registration number |
The trustees and officers serving during the year and since the year end were as follows:
Antonia Bethune-JonesAntonia Bethune-Jones
Nigel EDWARDS
Ian Mortimer MCLAUGHLIN
Fabian REICHERDTFabian REICHERDT
Maria Nogleides Rosa Dos Santos REICHERDT
West Midlands Accountants Ltd
2063 Coventry Road
Birmingham
West Midlands
B26 3DY
| ............................................................................. |
| Approved by the Board of Trustees and signed on its behalf by |
| Maria Nogleides Rosa Dos Santos REICHERDTSecretary |
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For the year ended 30 October 2024
GENISYS ARCT
Independent Examiners Report to the Trustees
| 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 10
For the year ended 30 October 2024
GENISYS ARCT
Statement of Financial Activities (including Income and Expenditure Account)
2023
| Income and endowments from: |
28,973
36,572
2
60
3
3
29,033
36,575
(41,060)
(22,372)
4
(1,770)
(2,135)
5/6
(42,830)
(24,507)
(13,797)
12,068
| Total funds brought forward |
-
16,188
| Total funds carried forward |
2,391
12,068
3 of 10
GENISYS ARCT
Statement of Financial Position
2024
2023
1,818
2,261
11
1,818
2,261
201
(3,906)
12
Debtors: amounts falling due within one year
| Debtors: amounts falling due after more than one year |
14
-
12
4,869
17,653
5,084
13,747
| Creditors: amounts falling due within one year |
(4,511)
(3,940)
13
Net current assets
573
9,807
| Total assets less current liabilities |
2,391
12,068
Net assets
2,391
12,068
14
-
16,500
| Unrestricted income funds |
14
2,391
(4,432)
2,391
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 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: |
02 May 2025
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For the year ended 30 October 2024
GENISYS ARCT
Notes to the Financial Statements
| 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 |
2023
2024
36,572
28,973
36,572
28,973
2023
2024
60
3
3
60
| 4. Expenditure on generating donations and legacies |
2023
2024
18,122
36,460
1,280
1,204
2,970
3,396
41,060
22,372
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For the year ended 30 October 2024
GENISYS ARCT
Notes to the Financial Statements Continued
| 5. Costs of charitable activities by fund type |
2023
2024
2,003
1,729
Activity 1
132
41
Support costs
2,135
1,770
| 6. Costs of charitable activities by activity type |
2023
2024
| Activities undertaken directly |
Activity 1
1,770
2,135
| 7. Analysis of support costs |
2023
2024
Management
482
354
Sundry Expense
130
1,076
Governance costs
2,825
1,672
3,102
3,437
| 8. Net income/(expenditure) for the year |
| This is stated after charging/(crediting): |
2024
2023
| Depreciation of owned fixed assets |
587
754
1,875
1,540
6 of 10
For the year ended 30 October 2024
GENISYS ARCT
Notes to the Financial Statements Continued
| 9. Staff costs and emoluments |
| Total staff costs for the year ended 30 October 2024 were: |
2024
2023
14,547
9,224
14,547
9,224
2024
2023
0
Employee
| 10. Comparative for the Statement of Financial Activities |
2023
| Income and endowments from: |
36,572
16,500
20,072
3
-
3
36,575
16,500
20,075
(20,832)
-
(20,832)
(2,135)
-
(2,135)
(22,967)
-
(22,967)
13,608
16,500
(2,892)
| Total funds carried forward |
(2,892)
16,500
13,608
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For the year ended 30 October 2024
GENISYS ARCT
Notes to the Financial Statements Continued
| 11. Tangible fixed assets |
9,340
4,340
-
5,000
143
-
143
-
5,000
143
4,340
9,483
7,079
2,746
-
4,333
Charge for year
586
398
21
167
7,665
3,144
21
4,500
500
667
122
-
1,196
1,594
1,818
2,261
2024
2023
| Amounts due within one year: |
201
(3,906)
201
(3,906)
| Amounts due after more than one year: |
14
-
14
-
| 13. Creditors: amounts falling due within one year |
2024
2023
3,373
2,802
1,138
1,138
4,511
3,940
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For the year ended 30 October 2024
GENISYS ARCT
Notes to the Financial Statements Continued
General
16,188
29,033
(42,830)
2,391
General Funds
16,188
29,033
(42,830)
2,391
| Unrestricted Funds - Previous year |
General
-
20,075
(24,507)
(4,432)
General Funds
-
20,075
(24,507)
(4,432)
-
-
| Restricted Funds - Previous year |
Grant
16,500
16,500
16,500
16,500
| Purpose of restricted funds |
Grant
Wages & Salaries
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For the year ended 30 October 2024
GENISYS ARCT
Notes to the Financial Statements Continued
| 15. Analysis of net assets between funds |
| Net current |
| assets / |
| (liabilities) |
Net Assets
Unrestricted funds
General
1,818
573
2,391
General Funds
Restricted funds
1,818
573
2,391
| Net current |
| assets / |
| (liabilities) |
Net Assets
Unrestricted funds
General
2,261
(6,693)
(4,432)
General Funds
Restricted funds
-
16,500
16,500
Grant
2,261
9,807
12,068
10 of 10