YOGA TEACHERS TOGETHER CIC

Company Registration Number:
14769476 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 30 March 2023

End date: 31 March 2024

YOGA TEACHERS TOGETHER CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

YOGA TEACHERS TOGETHER CIC

Directors' report period ended 31 March 2024

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

Directors

The directors shown below have held office during the whole of the period from
30 March 2023 to 31 March 2024

Debbie Farrar
Felicity Pryke
James Russell
Conrad Freese
Kat Birkett


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
20 December 2024

And signed on behalf of the board by:
Name: Debbie Farrar
Status: Director

YOGA TEACHERS TOGETHER CIC

Balance sheet

As at 31 March 2024

Notes 2024


£
Fixed assets
Tangible assets: 3 875
Total fixed assets: 875
Current assets
Debtors: 4 802
Cash at bank and in hand: 8,291
Total current assets: 9,093
Creditors: amounts falling due within one year: 5 ( 5,957 )
Net current assets (liabilities): 3,136
Total assets less current liabilities: 4,011
Total net assets (liabilities): 4,011
Capital and reserves
Called up share capital: 2,000
Profit and loss account: 2,011
Total Shareholders' funds: 4,011

The notes form part of these financial statements

YOGA TEACHERS TOGETHER CIC

Balance sheet statements

For the year ending 31 March 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 20 December 2024
and signed on behalf of the board by:

Name: Debbie Farrar
Status: Director

The notes form part of these financial statements

YOGA TEACHERS TOGETHER CIC

Notes to the Financial Statements

for the Period Ended 31 March 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: 20% Straight Line

    Other accounting policies

    Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

YOGA TEACHERS TOGETHER CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024
    Average number of employees during the period 5

YOGA TEACHERS TOGETHER CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 1,000 1,000
Disposals
Revaluations
Transfers
At 31 March 2024 1,000 1,000
Depreciation
Charge for year 125 125
On disposals
Other adjustments
At 31 March 2024 125 125
Net book value
At 31 March 2024 875 875

YOGA TEACHERS TOGETHER CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024
£
Other debtors 802
Total 802

YOGA TEACHERS TOGETHER CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024
£
Taxation and social security 273
Accruals and deferred income 5,684
Total 5,957

COMMUNITY INTEREST ANNUAL REPORT

YOGA TEACHERS TOGETHER CIC

Company Number: 14769476 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

In accordance with our Community Interest Statement, Yoga Teachers Together CIC (YTT) has successfully established a public register for the purpose of ensuring the public has access to safe, effective and responsible yoga teachers who have a commitment to delivering high quality yoga classes and yoga teacher trainings. We now have well over 100 yoga teaching members and 12 registered yoga teacher training schools.

Consultation with stakeholders

YTT has also established an engagement framework to help foster connection between yoga teachers, students and other stakeholders. We have successfully conducted engagement events for our members, such as a successful community weekend in Cumbria in June 2024, as well as meeting with our members at trade shows and engaging with them through social media to help support them with their yoga practice and teaching. We represented YTT at various networking events such as the Great Northern Yoga Show in Gateshead in October 2023, and the UCLAN Conference on Yoga and Complimentary Therapies in Social Prescription in May 2023.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £1,958. 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
20 December 2024

And signed on behalf of the board by:
Name: Debbie Farrar
Status: Director