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 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

TRANS-FITNESS C.I.C.

Contents of the Financial Statements

for the Period Ended 31 May 2024

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 2024

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

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 2023 to 31 May 2024

V E 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
17 February 2025

And signed on behalf of the board by:
Name: V E Thompson
Status: Director

TRANS-FITNESS C.I.C.

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 384 947
Gross profit(or loss): 384 947
Administrative expenses: ( 1,253 ) ( 1,422 )
Operating profit(or loss): (869) (475)
Profit(or loss) before tax: (869) (475)
Profit(or loss) for the financial year: (869) (475)

TRANS-FITNESS C.I.C.

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 518 852
Total fixed assets: 518 852
Creditors: amounts falling due within one year: 4 ( 1,862 ) ( 1,327 )
Net current assets (liabilities): (1,862) (1,327)
Total assets less current liabilities: (1,344) ( 475)
Total net assets (liabilities): (1,344) (475)
Members' funds
Profit and loss account: (1,344) ( 475)
Total members' funds: ( 1,344) (475)

The notes form part of these financial statements

TRANS-FITNESS C.I.C.

Balance sheet statements

For the year ending 31 May 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 17 February 2025
and signed on behalf of the board by:

Name: V E 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 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

    Other accounting policies

    1.1 Accounting convention These 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 Income and expenditure Income 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. 1.3 Tangible fixed assets Tangible 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 line The 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. 1.4 Impairment of fixed assets At 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. 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. 1.5 Cash and cash equivalents Cash 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. 1.6 Financial instruments The 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 assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction 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 liabilities Financial 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. Basic financial liabilities Basic 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. 1.7 Taxation The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit. 1.8 Employee benefits The 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. 1.9 Company limited by guarantee The 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 2024

  • 2. Employees

    2024 2023
    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 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 1,337 1,337
Additions
Disposals
Revaluations
Transfers
At 31 May 2024 1,337 1,337
Depreciation
At 1 June 2023 485 485
Charge for year 334 334
On disposals
Other adjustments
At 31 May 2024 819 819
Net book value
At 31 May 2024 518 518
At 31 May 2023 852 852

TRANS-FITNESS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 420 250
Other creditors 1,442 1,077
Total 1,862 1,327

COMMUNITY INTEREST ANNUAL REPORT

TRANS-FITNESS C.I.C.

Company Number: 11982603 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

In the space provided below, please insert a general account of the company’s activities in the financial year to which the report relates, including a description of how they have benefited the community. At present there is an increase in anti-Trans sentiment, and so efforts this year have stepped up to try and get better engagement and to allow more people to find out about us: the C.I.C. and its activities. Activities are still being done online where possible for greatest reach – videos are still being recorded for helping Trans and non-binary people to watch at their leisure looking at things such as: - Maintaining a positive mindset - Various health and fitness activities - A video series on Goal setting. This year, with as the Anti-Trans rhetoric increases, more online communications are being done with other Trans people to help them work on employing a more positive mindset, as well as strategies to handle all the negativity coming from around, such as mainstream news and politicians. The amount of funding being offered appears to be getting lower. A funding grant was applied for from The National Running Show to start up an online support group for Trans runners, but was unsuccessful and a request to find out why was never answered. UK Athletics has banned transwomen from competing as women and so finding a way to support a Trans running group is currently being explored where we can operate without having to have support that we won’t get from England Athletics. The online directory (www.trans-fitness.co.uk) has been upgraded again to allow for services such as cancer support (a surprisingly small amount of support there), legal support and an update to other areas where there is more support now being offered. Online viewing figures suggest an average of 110 people per month access the website. ‘X’ (Formerly Twitter) is also used to retweet the events of other Charities quickly and easily so that they are seen and promoted to others in good time. Whilst X is becoming less popular, this is still one of the better ways to get advice and support information across efficiently but hoping to find other good social media outlets to be able to utilise.

Consultation with stakeholders

No consultation with stakeholders

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
17 February 2025

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