WOMEN IN TANDEM C.I.C.

Company limited by guarantee

Company Registration Number:
12775906 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

WOMEN IN TANDEM C.I.C.

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

WOMEN IN TANDEM C.I.C.

Directors' report period ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Principal activities of the company

Empower community members, especially disadvantaged women, through education in bike repair and maintenance. Our services include bike repairs, sales of bicycles, parts and accessories.



Directors

The directors shown below have held office during the whole of the period from
1 August 2023 to 31 July 2024

Lily Beaven
Rachael Angharad Jermyn Redford
Stephanie Selby
Charlotte Hartwell


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
12 February 2025

And signed on behalf of the board by:
Name: Lily Beaven
Status: Director

WOMEN IN TANDEM C.I.C.

Profit And Loss Account

for the Period Ended 31 July 2024

2024 2023


£

£
Turnover: 56,006 77,897
Cost of sales: ( 44,585 ) ( 46,687 )
Gross profit(or loss): 11,421 31,210
Administrative expenses: ( 20,302 ) ( 24,795 )
Operating profit(or loss): (8,881) 6,415
Profit(or loss) before tax: (8,881) 6,415
Tax: 1,354 ( 1,533 )
Profit(or loss) for the financial year: (7,527) 4,882

WOMEN IN TANDEM C.I.C.

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 6,333 6,070
Total fixed assets: 6,333 6,070
Current assets
Debtors: 4 8,612 969
Cash at bank and in hand: 25,966 22,331
Total current assets: 34,578 23,300
Creditors: amounts falling due within one year: 5 ( 34,955 ) ( 14,507 )
Net current assets (liabilities): (377) 8,793
Total assets less current liabilities: 5,956 14,863
Creditors: amounts falling due after more than one year: 6 ( 2,299 ) ( 3,679 )
Total net assets (liabilities): 3,657 11,184
Members' funds
Profit and loss account: 3,657 11,184
Total members' funds: 3,657 11,184

The notes form part of these financial statements

WOMEN IN TANDEM C.I.C.

Balance sheet statements

For the year ending 31 July 2024 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 12 February 2025
and signed on behalf of the board by:

Name: Lily Beaven
Status: Director

The notes form part of these financial statements

WOMEN IN TANDEM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 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

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company. The company recognised revenue when: The amount of revenue can be reliably measured; It is probably that future economic benefits will flow to the entity; And specific criteria have been met for each of the company’s activities.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less accumulated depreciation and any impairment losses. Such cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all property, plant and equipment, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: Equipment over 5 years. The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

    Other accounting policies

    Going concern The financial statements have been prepared on a going concern basis. Tax The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operated and generated taxable income. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Government grants Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met, usually on submission of a valid claim for payment. Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit and presented in the statement of comprehensive income as “Turnover” over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

WOMEN IN TANDEM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

WOMEN IN TANDEM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 8,278 8,278
Additions 2,020 2,020
Disposals
Revaluations
Transfers
At 31 July 2024 10,298 10,298
Depreciation
At 1 August 2023 2,208 2,208
Charge for year 1,757 1,757
On disposals
Other adjustments
At 31 July 2024 3,965 3,965
Net book value
At 31 July 2024 6,333 6,333
At 31 July 2023 6,070 6,070

WOMEN IN TANDEM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Debtors

2024 2023
£ £
Trade debtors 7,258 969
Other debtors 1,354 0
Total 8,612 969

WOMEN IN TANDEM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 11 11
Taxation and social security 0 1,533
Accruals and deferred income 34,944 12,963
Total 34,955 14,507

WOMEN IN TANDEM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 2,299 3,679
Total 2,299 3,679

COMMUNITY INTEREST ANNUAL REPORT

WOMEN IN TANDEM C.I.C.

Company Number: 12775906 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

Over the reporting period, Women in Tandem has continued to deliver a number of community initiatives including led rides, basic bike maintenance workshops and community cycle sessions. In terms of community engagement we delivered a total of 130 sessions, reaching 802 people. This included 64 free rides for women; 20 free basic bike maintenance sessions; 30 Open Workshops; 50 community cycle events; and 12 Dr Bike events repairing a total of 59 bikes for free. All of our sessions are designed to be accessible, inclusive and embody our commitment to fostering empowerment and self-sufficiency among participants. The impact of our activities goes beyond numbers. We've witnessed improved mental health and wellbeing among participants, instilled confidence through up-skilling, tackling social isolation, and offering an alternative affordable, efficient mode of transport. Our efforts also contribute to a more active lifestyle, aligning with broader community and environmental goals. We remain dedicated to serving our community through positive change, accessibility, and a fulfilled, sustainable way of life for all.

Consultation with stakeholders

At Women in Tandem CIC, our commitment to community-driven initiatives is evident through open Quarterly Directors Meetings, aligning our strategies with community needs. We actively gather direct feedback through surveys and interviews, promptly adapting our programmes. Human stories, shared through case studies and testimonials, highlight the tangible impact of our community bike shop. Collaborating with local organisations and charities broadens our services and deepens our community understanding. In essence, our dynamic consultation process, embracing feedback, impactful storytelling, and partnerships, ensures Women in Tandem CIC remains responsive, dedicated, and focused on fostering an inclusive and empowered community with innovative and tailored initiatives.

Directors' remuneration

The total amount paid or recieveable by directors in respect of qualifying services was £43468. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director's loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
12 February 2025

And signed on behalf of the board by:
Name: Sarah Elizabeth Vernau
Status: Director