INSPIRED-NATION CIC

Company limited by guarantee

Company Registration Number:
13990732 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

INSPIRED-NATION CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

INSPIRED-NATION 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
1 April 2023 to 31 March 2024

Janette Wells
Yvonne Ugarte
Susan Hanley


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
3 September 2024

And signed on behalf of the board by:
Name: Janette Wells
Status: Director

INSPIRED-NATION CIC

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 5,459 9,879
Cost of sales: ( 3,267 ) ( 6,253 )
Gross profit(or loss): 2,192 3,626
Distribution costs: 0 0
Administrative expenses: ( 2,882 ) ( 1,557 )
Other operating income: 0 0
Operating profit(or loss): (690) 2,069
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (690) 2,069
Tax: 0 0
Profit(or loss) for the financial year: (690) 2,069

INSPIRED-NATION CIC

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 1,379 2,069
Investments:   0 0
Total fixed assets: 1,379 2,069
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 24,027 25,602
Investments:   0 0
Total current assets: 24,027 25,602
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 720 ) 0
Net current assets (liabilities): 23,307 25,602
Total assets less current liabilities: 24,686 27,671
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: ( 23,307 ) ( 25,602 )
Total net assets (liabilities): 1,379 2,069
Members' funds
Profit and loss account: 1,379 2,069
Total members' funds: 1,379 2,069

The notes form part of these financial statements

INSPIRED-NATION 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.

This report was approved by the board of directors on 3 September 2024
and signed on behalf of the board by:

Name: Janette Wells
Status: Director

The notes form part of these financial statements

INSPIRED-NATION 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

    Tangible fixed assets depreciation policy

    Tangible 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 assets, less their residual value, over their useful lives on the following basis Computer equipment 33% reducing balance

INSPIRED-NATION CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

INSPIRED-NATION 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 £ £ £ £ £ £
At 1 April 2023 0 0 0 2,169 0 2,169
Additions 0 0 0 0 0 0
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 March 2024 0 0 0 2,169 0 2,169
Depreciation
At 1 April 2023 0 0 0 100 0 100
Charge for year 0 0 0 690 0 690
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 31 March 2024 0 0 0 790 0 790
Net book value
At 31 March 2024 0 0 0 1,379 0 1,379
At 31 March 2023 0 0 0 2,069 0 2,069

INSPIRED-NATION CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 720 0
Other creditors 0 0
Total 720 0

COMMUNITY INTEREST ANNUAL REPORT

INSPIRED-NATION CIC

Company Number: 13990732 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

At Inspired-Nation CIC, we are committed to creating inclusive and empowering experiences for learning-disabled adults through a variety of innovative and creative activities. During this period, we have partnered with Meanwood Urban Valley farm where learning-disabled adults attend daily, offering a range of workshops and therapies that foster confidence, crea-tivity, and digital inclusion. Our Virtual Reality (VR) workshops have been particularly transformative, giving participants the chance to explore new worlds and experiences that were previously out of reach. One participant, who had never used a VR headset before, was thrilled to experience virtual re-ality for the first time, engaging in an exciting game that left them so inspired they shared their excitement with their family, who then gifted them a headset. In addition to VR, we run a variety of other programmes, including art therapy, where partici-pants create artwork inspired by their surroundings on the farm; music therapy sessions, fea-turing drumming, voice work, and dance to promote physical and emotional well-being; and digital inclusion workshops, which build confidence in using technology, including iPads, AI, and social media. We are proud to be enabling learning-disabled adults to experience the joys of technology and virtual reality, helping them feel more included in the digital future while enhancing their overall quality of life.

Consultation with stakeholders

Our stakeholders include learning-disabled adults who participate in our art workshops, their families, the artists and therapists leading these sessions, and our community partners. Consultation: We regularly engage with participants and their families to gather feedback on their experiences. This consultation occurs through informal discussions during workshops, feedback sessions, and post-workshop reflections. Participants shared their feelings of pride, happiness, and empowerment, with many expressing how the workshops made them feel like true artists. Specific feedback from individuals like Adrian, Joanne, Susan, Chris, and Donna highlighted the transformative impact of our sessions. Actions Taken: 1. Expanded Techniques. Based on participant interest, we introduced new art techniques and digital tools, such as iPads with art apps, allowing them to explore both physical and digital art. This has been particularly successful, as participants like JoJo and Chris have developed new skills and creative confidence. 2. Fostering Community. The feedback emphasized the importance of a supportive, team-oriented environment. In response, we ensured that sessions promoted collaboration, which has led to participants forming meaningful friendships and feeling part of a creative community. 3. Empowerment and Recognition. Participants expressed pride in their work and the desire to be recognized as artists. We organized an exhibition to showcase their artwork, boosting their self-esteem and public recognition. This ongoing consultation and responsive approach have been key to the success of our programs, ensuring that our activities continue to meet the needs and aspirations of our stakeholders. Quotes from stakeholders as follows. Participants Adrian: "I learned a lot of new things; now I feel like I am an artist. I enjoyed every week, it made me feel good, and I made some new friends." JoJo: "The workshops were amazing. I learned new techniques, made lovely new friends, and discovered how to merge physical and digital art. It made me see art in different ways." Susan: "We work together as a team, and I really feel like an artist. The project was great. I loved meeting lovely people, and I'm proud to call myself an artist. Learning how to use all the different art applications was amazing." Chris: "Art makes me feel happy. I feel like an artist, and I want to inspire others with my art. I learned many new skills, like using different art apps, taking pictures, and speaking up by myself." Paul: "My favorite part was creating the collage. I felt so proud to call myself an artist, and it was amazing." Chris (another participant): "I loved coming up with lots of creative ideas using technology and adapting my artwork. I did things I didn’t think I could do, and I feel so proud of my achievements." Donna: "I really feel like an artist. I enjoyed learning new things, making things, and making new friends. I'm so very proud of my work." "Absolutely outstanding pieces of art by the participants. It was interesting to see how people grew in confidence as they explored different techniques. The sessions were warm environments, and the group soon became great friends and began working as a team." Hayley, Aspire CBS staff member. "It was such a lovely, overwhelmingly positive, and warm environment from the start. The artist supported them with ideas, which helped them thrive and develop in a positive workshop that didn’t restrict them from creating incredible pieces of art." Hayley, Aspire CBS staff member support. "I think the work that participants produced is amazing; they’re good artists with such enthusiasm." Janette, Aspire CBS staff member support. "They were given iPads to use a variety of art apps. Using AI, they applied the base image and then extrapolated from what they created into mind-blowing, cool art." Harry Crabtree, Digital Entrepreneur, in-kind supporter of the project. "One of the best parts of the journey for me was witnessing how much people grew by exploring their creative potential." Kerri, Art teacher. "One example is a participant who came in saying, 'I can’t draw.' She repeated this in the first session, but then I saw her start making marks on the paper. It started with basic marks, but by the end, her face lit up when she realized she could draw. She started speaking differently about her abilities and blossomed" "By the end, she identified as an artist, and for me, that’s magical." Kerri, Art teacher.

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
3 September 2024

And signed on behalf of the board by:
Name: Jan Wells
Status: Director