OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-12-31-accounts

Docusign Envelope ID: 3F9CF716-B2B9-4516-9A55-72A463536F3D

Docusign Envelope ID: 3F9CF716-B2B9-4516-9A55-72A463536F3D

Gender Identity Research & Education Society

Contents

Reference and Administrative Details 1
Trustees' Report 2 - 4
Statement of Trustees' Responsibilities 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 - 19

Docusign Envelope ID: 3F9CF716-B2B9-4516-9A55-72A463536F3D

Gender Identity Research & Education Society

Reference and Administrative Details

Trustees Cat Burton, Chair
Mary Deans, Secretary and Treasurer
Reubs Walsh, Resigned 22nd March 2023
Bernard Reed
Zoe Johannes, Resigned 21st October 2023
Octavian Starr
Shaan Surat Rathgeber Knan, Appointed 11th April 2024
Charity Registration Number 1068137
Principal Office Ashcombe House
5 The Crescent
Leatherhead
Surrey
KT22 8DY
Independent Examiner Janice Matthews
Menzies LLP Chartered Accountants
Magna House
18-32 London Road
Staines-Upon-Thames
TW18 4BP

Page 1

Docusign Envelope ID: 3F9CF716-B2B9-4516-9A55-72A463536F3D

Gender Identity Research & Education Society

Trustees' Report

Objectives and activities

GIRES is a UK wide organisation whose purpose is to improve the lives of trans and gender diverse people of all ages, including those who are non-binary and non-gender.

GIRES is a professionally managed membership charity supported by volunteers that, in collaboration with other groups in its field, hears, helps, empowers and gives a voice to trans and gender diverse individuals, including those who are non-binary and non-gender, as well as their families.

We use evidence from individuals’ lived experiences, combined with scientific research into gender identity development, to educate all those who are able to improve trans and gender diverse individuals’ wellbeing. We contribute to policy development regarding equality and human rights for individuals, especially in healthcare.

We also deliver training, e-learning and information to public and private sector organisations, including supporting trans and gender diverse employees or students.

Objects and aims

The Charity’s objects are to advance education into gender identity and variations in sex characteristics, and in particular:

GIRES Trustees are elected at the Annual General Meeting.

Objectives, strategies and activities

During 2023, GIRES continued with our 3 priority themes established in 2021:

Page 2

Docusign Envelope ID: 3F9CF716-B2B9-4516-9A55-72A463536F3D

Gender Identity Research & Education Society

Trustees' Report (continued)

We delivered this through:

In summary, GIRES continues to function well and undertake important projects that will improve the lives of trans and gender diverse people.

Fundraising disclosures

The total income in 2023 was significantly higher than in 2022. This was due to funding for the Being Ready project in the year along with greater income from training delivery.

Public benefit

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Financial review

Policy on reserves

The Charity’s policy is to hold a sufficient minimum balance of unrestricted funds to cover one year’s expenditure on the cash costs of running the Charity. At 31st December 2023 the balance of £55,450 (2022: £46,129) is less than the required minimum of £63,844 (2022: 82,084). This is, however an improvement over the last 12 months, and it is expected to improve further by the end of 2024.

Page 3

Docusign Envelope ID: 3F9CF716-B2B9-4516-9A55-72A463536F3D

Gender Identity Research & Education Society

Trustees' Report (continued)

Insurance

Major grant-awarding organisations require that the Charity has adequate insurance. In any case, the trustees’ view is that the scale of the charity’s operations have now expanded sufficiently to warrant such protection. Accordingly, GIRES has arranged cover for professional indemnity (£500,000), public liability (£2,000,000) and employer’s liability (£10,000,000), which includes cover for volunteers. The charity has also arranged Trustees’ indemnity insurance (£100,000). The total annual insurance premium amounts to £901.26 (£754.90).

Structure, governance and management

Nature of governing document

GIRES is an unincorporated association governed by a Constitution adopted on 29th October 1997 and revised in October 2021.

The annual report was approved by the trustees of the charity on 19 September 2024 and signed on its behalf by:

......................................... Mary Deans Trustee

Page 4

Docusign Envelope ID: 3F9CF716-B2B9-4516-9A55-72A463536F3D

Gender Identity Research & Education Society

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the trustees of the charity on 19 September 2024 and signed on its behalf by:

......................................... Mary Deans Trustee

Page 5

Docusign Envelope ID: 3F9CF716-B2B9-4516-9A55-72A463536F3D

Gender Identity Research & Education Society

Independent Examiner's Report to the trustees of Gender Identity Research & Education Society

I report to the trustees on my examination of the accounts of Gender Identity Research & Education Society for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity trustees of Gender Identity Research & Education Society you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Gender Identity Research & Education Society's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material 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 Gender Identity Research & Education Society as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

...................................... Janice Matthews Menzies LLP Chartered Accountants ICAEW

Magna House 18-32 London Road Staines-Upon-Thames TW18 4BP

20-Sep-2024 Date:.............................

Page 6

Docusign Envelope ID: 3F9CF716-B2B9-4516-9A55-72A463536F3D

Gender Identity Research & Education Society

Statement of Financial Activities for the Year Ended 31 December 2023

Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investment income
5
Total income
Expenditure on:
Raising funds
6
Charitable activities
7
Governance costs
8
Total expenditure
Net income/(expenditure)
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
16		 Unrestricted
funds
£
36,230
50,072
7
175
86,484
(161)
(12,478)
(64,524)
(77,163)
9,321
9,321
46,129
55,450		 Restricted
funds
£
55,159
-
-
-
55,159
-
(62,085)
-
(62,085)
(6,926)
(6,926)
14,483
7,557		 Total
2023
£
91,389
50,072
7
175
141,643
(161)
(74,563)
(64,524)
(139,248)
2,395
2,395
60,612
63,007		 Total
2022
£
67,238
25,420
151
705
93,514
(677)
(50,645)
(82,084)
(133,406)
(39,892)
(39,892)
100,504
60,612

All of the charity's activities derive from continuing operations during the above two periods.

The notes on pages 9 to 19 form an integral part of these financial statements. Page 7

Docusign Envelope ID: 3F9CF716-B2B9-4516-9A55-72A463536F3D

Gender Identity Research & Education Society

(Registration number: 1068137) Balance Sheet as at 31 December 2023

2023 2022
Note £ £
Fixed assets
Tangible assets 11 1,038 927
Current assets
Debtors 12 9,079 -
Cash at bank and in hand 13 62,908 61,858
71,987 61,858
Creditors: Amounts falling due within one year 14 (10,018) (2,173)
Net current assets 61,969 59,685
Net assets 63,007 60,612
Funds of the charity:
Restricted income funds
Restricted funds 7,557 14,483
Unrestricted income funds
Unrestricted funds 55,450 46,129
Total funds 16 63,007 60,612

The financial statements on pages 7 to 19 were approved by the trustees, and authorised for issue on 19 September 2024 and signed on their behalf by:

......................................... Mary Deans Trustee

The notes on pages 9 to 19 form an integral part of these financial statements. Page 8

Docusign Envelope ID: 3F9CF716-B2B9-4516-9A55-72A463536F3D

Gender Identity Research & Education Society

Notes to the Financial Statements for the Year Ended 31 December 2023

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

Gender Identity Research & Education Society meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Investment income

Investment income is recognised once it becomes payable to the Charity.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Page 9

Docusign Envelope ID: 3F9CF716-B2B9-4516-9A55-72A463536F3D

Gender Identity Research & Education Society

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £100.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate Office Equipment 4 years straight line

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 charity will not be able to collect all amounts due according to the original terms of the receivables.

Page 10

Docusign Envelope ID: 3F9CF716-B2B9-4516-9A55-72A463536F3D

Gender Identity Research & Education Society

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

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 creditors

These 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 charity 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. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

They are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Page 11

Docusign Envelope ID: 3F9CF716-B2B9-4516-9A55-72A463536F3D

Gender Identity Research & Education Society

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

2 Income from donations and legacies

Donations and legacies;
Donations from companies, trusts and similar
proceeds
Donations from individuals
Legacies
Gift aid reclaimed
Grants, including capital grants;
Grants from other charities
Total for 2023
Total for 2022		 Unrestricted
funds
General
£
1,906
20,054
235
1,585
12,450
36,230
20,965		 Restricted
funds
£
40,232
-
-
-
14,927
55,159
46,273		 Total
funds
£
42,138
20,054
235
1,585
27,377
91,389
67,238
Consultancy
Training Fees - eLearning for Individuals
Training Fees - eLearning for Companies
Training Fees - in person delivery
Total for 2023
Total for 2022		 Unrestricted
funds
General
£
11,247
984
2,151
35,690
50,072
25,420		 Total
funds
£
11,247
984
2,151
35,690
50,072
25,420

Page 12

Docusign Envelope ID: 3F9CF716-B2B9-4516-9A55-72A463536F3D

Gender Identity Research & Education Society

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

4 Income from other trading activities

Trading income;
Sales of goods and services
Total for 2023
Total for 2022
5
Investment income
Interest receivable and similar income;
Interest receivable on bank deposits
Total for 2023
Total for 2022
6
Expenditure on raising funds
Costs of trading activities		 Unrestricted
funds
General
£
7
7
151
Unrestricted
funds
General
£
175
175
705
Direct costs
£
161		 Total
funds
£
7
7
151
Total
funds
£
175
175
705
Total
2023
£
161

Page 13

Docusign Envelope ID: 3F9CF716-B2B9-4516-9A55-72A463536F3D

Gender Identity Research & Education Society

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

7 Expenditure on charitable activities

External training and education
Delivery of external events and conferences
External Consulting
Delivery of Legacy of Kindness Project
Delivery of Being Ready Project
Total for 2023
Total for 2022		 Unrestricted
funds
General
£
7,157
2,137
3,184
-
-
12,478
14,996		 Restricted
funds
£
-
-
-
52,444
9,641
62,085
35,649		 Total
funds
£
7,157
2,137
3,184
52,444
9,641
74,563
50,645

8 Analysis of governance and support costs

Governance costs

Staff costs
Wages and salaries
Social security costs
Pension costs
Independent examiner fees
Examination of the financial statements
Legal, Accounting and Other Professional Fees
Marketing and publicity
Depreciation, amortisation and other similar costs
Other governance costs		 Unrestricted
funds
General
£
45,608
2,292
1,495
1,500
2,797
864
452
9,516
64,524		 Total
2023
£
45,608
2,292
1,495
1,500
2,797
864
452
9,516
64,524		 Total
2022
£
64,575
3,581
2,008
1,140
1,559
358
204
8,659
82,084

Page 14

Docusign Envelope ID: 3F9CF716-B2B9-4516-9A55-72A463536F3D

Gender Identity Research & Education Society

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

Other Governance Costs Break-down
Office Rental & Storage
Insurance
Phone, Broadband & Utilities
Software Costs and Subscriptions
Printing, postage and stationery
Dues and subscriptions		 2023
£
1,358
901
1,053
3,835
1,973
396
9,516		 2022
£
2,362
755
1,072
2,964
896
610
8,659

9 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

10 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs		 2023
£
71,804
2,292
1,495
75,591		 2022
£
85,825
3,581
2,008
91,414

Staff costs cover those required for Governance and for delivery of the Legacy of Kindness project. The Legacy of Kindness project is funded through restricted donations. The charity receives the employment allowance to cover up to £5,000 of national insurance contributions. These are applied to the Legacy of Kindness project first and then to governance.

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

Employees 2023
No
3		 2022
No
2

No employee received emoluments of more than £60,000 during the year

Page 15

Docusign Envelope ID: 3F9CF716-B2B9-4516-9A55-72A463536F3D

Gender Identity Research & Education Society

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

11 Tangible fixed assets

Cost
At 1 January 2023
Additions
At 31 December 2023
Depreciation
At 1 January 2023
Charge for the year
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022
12 Debtors
Trade debtors
Accrued income		 Office
Equipment
£
1,244
563		 Total
£
1,244
563
1,807
317
452
769
1,038
927
2023
£
1,280
7,799
1,807
317
452
769
1,038
927
9,079

Debtors represent amounts due at the end of the period for training services delivered and invoiced but not paid. Accrued income represents funding for the Legacy of Kindness project that was invoiced in 2024 but should be recognised in 2023.

13 Cash and cash equivalents

Barclays Current Account
Shawbrook Saving Account		 2023
£
37,908
25,000
62,908		 2022
£
36,858
25,000
61,858

Interest from the Shawbrook savings account is paid directly to the Barclays current account.

Page 16

Docusign Envelope ID: 3F9CF716-B2B9-4516-9A55-72A463536F3D

Gender Identity Research & Education Society

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

14 Creditors: amounts falling due within one year

14 Creditors: amounts falling due within one year
Other taxation and social security
Other creditors
Accruals
Accrual Break-down
Accruals - External Examiner
Accruals - Accountant
Accruals - Legacy of Kindness Costs		 2023
£
2,271
265
7,482
10,018
2023
£
1,500
650
5,332
7,482		 2022
£
-
183
1,990
2,173
2022
£
1,140
850
-
1,990

15 Pension and other schemes

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £1,495 (2022 - £2,008).

Page 17

Docusign Envelope ID: 3F9CF716-B2B9-4516-9A55-72A463536F3D

Gender Identity Research & Education Society

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

16 Funds

16 Funds
Unrestricted funds
General
Unrestricted funds
Restricted funds
Book Publishing
Awards for All
Legacy of Kindness
Being Ready
Total restricted funds
Total funds
Unrestricted funds
General
Restricted funds
Total funds		 Balance at 1
January
2023
£
Incoming
resources
£
Resources
expended
£
Transfers
£
Balance at
31
December
2023
£
46,129
86,484
(77,163)
-
55,450
1,137
-
-
(1,137)
-
2,722
-
-
(2,722)
-
8,636
39,949
(52,444)
3,859
-
1,988
15,210
(9,641)
-
7,557
14,483
55,159
(62,085)
-
7,557
60,612
141,643
(139,248)
-
63,007
Balance at 1
January 2022
£
Incoming
resources
£
Resources
expended
£
Balance at 31
December 2022
£
96,645
47,241
(97,757)
46,129
3,859
46,273
(35,649)
14,483
100,504
93,514
(133,406)
60,612		 Balance at
31
December
2023
£
55,450
-
-
-
7,557
7,557
63,007
60,612

With the permission of the donors for Awards for All and Book Publishing, the balance on these funds have been applied to the Legacy of Kindness work.

Page 18

Docusign Envelope ID: 3F9CF716-B2B9-4516-9A55-72A463536F3D

Gender Identity Research & Education Society

Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)

17 Analysis of net assets between funds

17 Analysis of net assets between funds
Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
General
£
1,038
59,098
(4,686)
55,450
Unrestricted
funds
General
£
927
47,375
(2,173)
46,129		 Restricted
funds
£
-
12,889
(5,332)
7,557
Restricted
funds
£
-
14,483
-
14,483		 Total funds at
31 December
2023
£
1,038
71,987
(10,018)
63,007
Total funds at
31 December
2022
£
927
61,858
(2,173)
60,612

18 Related party transactions

There were no related party transactions in the year.

Page 19