TRANS-FITNESS C.I.C.

Company limited by guarantee

Company Registration Number:
11982603 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 1 June 2022

End date: 31 May 2023

TRANS-FITNESS C.I.C.

Contents of the Financial Statements

for the Period Ended 31 May 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

TRANS-FITNESS C.I.C.

Directors' report period ended 31 May 2023

The directors present their report with the financial statements of the company for the period ended 31 May 2023

Principal activities of the company

The principal activity of the company continued to be that of physical wellbeing activities.



Directors

The director shown below has held office during the whole of the period from
1 June 2022 to 31 May 2023

Victor Edwin Thompson


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
27 January 2024

And signed on behalf of the board by:
Name: Victor Edwin Thompson
Status: Director

TRANS-FITNESS C.I.C.

Profit And Loss Account

for the Period Ended 31 May 2023

2023 2022


£

£
Turnover: 947 1,141
Gross profit(or loss): 947 1,141
Administrative expenses: ( 1,422 ) ( 1,141 )
Operating profit(or loss): (475) 0
Profit(or loss) before tax: (475) 0
Profit(or loss) for the financial year: (475) 0

TRANS-FITNESS C.I.C.

Balance sheet

As at 31 May 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 852 635
Total fixed assets: 852 635
Creditors: amounts falling due within one year: 4 ( 1,327 ) ( 635 )
Net current assets (liabilities): (1,327) (635)
Total assets less current liabilities: (475) 0
Total net assets (liabilities): (475) 0
Members' funds
Profit and loss account: (475) 0
Total members' funds: ( 475) 0

The notes form part of these financial statements

TRANS-FITNESS C.I.C.

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 27 January 2024
and signed on behalf of the board by:

Name: Victor Edwin Thompson
Status: Director

The notes form part of these financial statements

TRANS-FITNESS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    1.1 Accounting conventionThese financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.1.2 Going concernAt the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.1.3 Income and expenditureIncome and expenses are included in the financial statements as they become receivable or due.Expenses include VAT where applicable as the company cannot reclaim it.1.4 Tangible fixed assetsTangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:Computers 25% straight lineThe gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.1.5 Impairment of fixed assetsAt each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.1 Accounting policies (Continued)Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in surplus or deficit, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.1.6 Cash and cash equivalentsCash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.1.7 Financial instrumentsThe company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.Basic financial assetsBasic financial assets, which include debtors and cash and bank balances, are initially measured attransaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.Classification of financial liabilitiesFinancial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.1 Accounting policies (Continued)Basic financial liabilitiesBasic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.1.8 TaxationThe company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.1.9 Employee benefitsThe costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.1.10 Company limited by guaranteeThe member has agreed to contribute a maximum of £1 to the assets of the company in the event of it being wound up.

TRANS-FITNESS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

TRANS-FITNESS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2022 847 847
Additions 490 490
Disposals
Revaluations
Transfers
At 31 May 2023 1,337 1,337
Depreciation
At 1 June 2022 212 212
Charge for year 273 273
On disposals
Other adjustments
At 31 May 2023 485 485
Net book value
At 31 May 2023 852 852
At 31 May 2022 635 635

TRANS-FITNESS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 250 285
Other creditors 1,077 350
Total 1,327 635

COMMUNITY INTEREST ANNUAL REPORT

TRANS-FITNESS C.I.C.

Company Number: 11982603 (England and Wales)

Year Ending: 31 May 2023

Company activities and impact

The company has been running on very little funding and is mainly continuing to do predominantly ‘free’ work in order for people to be able to learn who we are and what we do.This year some workshops were delivered around getting more Trans and non-binary people into Sport and Fitness, and the C.I.C. was involved in work to help set up and work with Pride Sports and Pride House at the 2022 Commonwealth Games in Birmingham, delivering a workshop there and some training sessions were set up also. There was also a forum thatthe C.I.C. was invited onto that was filmed for YouTube, also looking at Trans People in Sport.The website has continually been updated – currently with new pages for areas that need covering. It is getting an increasing number of hits per month, and so hopefully it is attracting people for the right reasons. The impact on Trans people from the Media and Government attitudes/opinion is becoming quite hard-hitting and thus making sure Trans people know where to go for help and support in various areas of life is now of utmost importance.2022 also saw the third year of the Festive Hamper Fundraiser, with 103 hampers going out to LGBTQ+ people who were isolated and alone over the Festive Period. These hampers are designed to help boost confidence and reduce the isolated/lonely feeling that people experience at this time of year.

Consultation with stakeholders

The stakeholders are the people who utilise the services that I offer, and they are trans and non-binary people who want to get healthier, physically fitter, mentally stronger and emotionally peaceful. I have engaged regularly with them via firstly face to face and then accessing online methods such as e-mail and the online groups that I run (fitness and weight loss) to ensure that the things I offer are things that they need to help them to meet theirgoals. This has been done mainly verbally and through social media. A lot of it is ‘free’ guidance as many Trans and non-binary people do not have the funds due to the extreme waiting times that they are waiting for NHS help and support and so many are saving to pay for their hormones and therapy privately.The website is being updated as and when areas are brought to light that need highlighting so that Trans and non-binary people can benefit from the information that they need to be safe, strong and healthy.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
7 February 2024

And signed on behalf of the board by:
Name: Victor Edwin Thompson
Status: Director