INSIDEOUT SUPPORT WALES C.I.C.

Company limited by guarantee

Company Registration Number:
11883189 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

INSIDEOUT SUPPORT WALES C.I.C.

Contents of the Financial Statements

for the Period Ended 31 March 2023

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

INSIDEOUT SUPPORT WALES C.I.C.

Directors' report period ended 31 March 2023

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

Directors

The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023

Jamie Grundy
Christopher Leslie
Marc Lewis


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
21 December 2023

And signed on behalf of the board by:
Name: Jamie Grundy
Status: Director

INSIDEOUT SUPPORT WALES C.I.C.

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 12,438 15,350
Cost of sales: ( 15,206 ) ( 36,491 )
Gross profit(or loss): (2,768) (21,141)
Distribution costs: 0 0
Administrative expenses: ( 58,156 ) ( 11,357 )
Other operating income: 60,891 33,238
Operating profit(or loss): (33) 740
Interest receivable and similar income: 6 5
Interest payable and similar charges: ( 1 ) 0
Profit(or loss) before tax: (28) 745
Tax: 18 ( 162 )
Profit(or loss) for the financial year: (10) 583

INSIDEOUT SUPPORT WALES C.I.C.

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 140 236
Investments:   0 0
Total fixed assets: 140 236
Current assets
Debtors: 4 100 8,200
Cash at bank and in hand: 34,479 25,822
Investments:   0 0
Total current assets: 34,579 34,022
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 34,037 ) ( 33,548 )
Net current assets (liabilities): 542 474
Total assets less current liabilities: 682 710
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: ( 27 ) ( 45 )
Accruals and deferred income: 0 0
Total net assets (liabilities): 655 665
Members' funds
Profit and loss account: 655 665
Total members' funds: 655 665

The notes form part of these financial statements

INSIDEOUT SUPPORT WALES C.I.C.

Balance sheet statements

For the year ending 31 March 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 21 December 2023
and signed on behalf of the board by:

Name: Christopher Leslie
Status: Director

The notes form part of these financial statements

INSIDEOUT SUPPORT WALES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:Computer equipment20% SL

    Other accounting policies

    Basis of preparationThe accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.Presentation currencyThe accounts are presented in £ sterling.

INSIDEOUT SUPPORT WALES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 0

INSIDEOUT SUPPORT WALES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 453 453
Additions
Disposals
Revaluations
Transfers
At 31 March 2023 453 453
Depreciation
At 1 April 2022 217 217
Charge for year 96 96
On disposals
Other adjustments
At 31 March 2023 313 313
Net book value
At 31 March 2023 140 140
At 31 March 2022 236 236

INSIDEOUT SUPPORT WALES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Debtors

2023 2022
£ £
Trade debtors 100 8,200
Prepayments and accrued income 0 0
Other debtors 0 0
Total 100 8,200
Debtors due after more than one year: 0 0

INSIDEOUT SUPPORT WALES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 1,146 3,647
Taxation and social security 2,955 152
Accruals and deferred income 29,468 29,749
Other creditors 468 0
Total 34,037 33,548

COMMUNITY INTEREST ANNUAL REPORT

INSIDEOUT SUPPORT WALES C.I.C.

Company Number: 11883189 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

This year has been the final stage of the running the Cefnogi Project supporting over 60 individuals into self-employment, education or sometimes simply the support needed to help them adjust to life after prison. This is preparation for our next phase: Pennod Nesaf - The Next Episode to inform our work in the fields of self-employment, education and transitioning to life after prison. Throughout this period, Inside Out Support Wales has been working with people with convictions to help reduce re-offending in Wales. We value the importance of lived experience in our work, such as through our YouTube Voices of Experience channel.We have recently commissioned and taken receipt of a Social Impact Report evidencing the real and tangible impact our work is having. Inside Out Support Wales has been set up to reduce reoffending through mentoring support of the referrals received. Currently our reoffending rate is just over 3% which is in marked contrast the national average of over 25%.During the last year Inside Out Support Wales has offered support to individuals on a wide variety of subjects including: Education and advocacy during the process of applying to university; pathways on release; peer mentoring; role modelling; transition and expectations to life outside of prison. Training has also been offered on supporting people with a criminal record, and working with people with a sexual (both for professionals). Additional activities have also been offered, such as research for the Welsh Government with serving and former prisoners, on the experiences of education inside and can education contribute to reducingreoffending.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

Directors received remuneration totaling £49,500 during the year ended 31st March 2023.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
21 December 2023

And signed on behalf of the board by:
Name: Jamie Grundy
Status: Director