INNER INSIGHTS CIC

Company limited by guarantee

Company Registration Number:
14129952 (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

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Contents of the Financial Statements

for the Period Ended 31 May 2024

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

INNER INSIGHTS CIC

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 14,687 1,844
Cost of sales: ( 10,118 ) ( 823 )
Gross profit(or loss): 4,569 1,021
Administrative expenses: ( 2,626 ) ( 1,821 )
Operating profit(or loss): 1,943 (800)
Profit(or loss) before tax: 1,943 (800)
Tax: ( 217 )
Profit(or loss) for the financial year: 1,726 (800)

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Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 13,552 7,501
Total current assets: 13,552 7,501
Creditors: amounts falling due within one year: 3 ( 217 )
Net current assets (liabilities): 13,335 7,501
Total assets less current liabilities: 13,335 7,501
Accruals and deferred income: ( 12,409 ) ( 8,301 )
Total net assets (liabilities): 926 (800)
Members' funds
Profit and loss account: 926 ( 800)
Total members' funds: 926 (800)

The notes form part of these financial statements

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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 19 February 2025
and signed on behalf of the board by:

Name: Mrs Theodora Akpan
Status: Director

The notes form part of these financial statements

INNER INSIGHTS CIC

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

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Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

INNER INSIGHTS CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Creditors: amounts falling due within one year note

2024
£
Other creditors 217
Total 217

COMMUNITY INTEREST ANNUAL REPORT

INNER INSIGHTS CIC

Company Number: 14129952 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

Company Activities and Impact Statement The project was delivered through six 6-week workshops over eight months. The first was for 15 women, the second for 30 young people, the third and fifth were for thirteen females, and the fourth and sixth for 25 young people. We started with the women’s workshop and alternated with the youths. The women’s workshop, was more focused on emotional and mental wellbeing. The workshop was well subscribed to, and we had an average of 15 women attend. It was held in the local library on a Saturday, every week for 12 weeks for 2 hours. I did a survey at the end and the feedback was good. One of the participants joined the local leisure centre and now attends on a weekly basis. Another plucked up the courage to attend a medical checkup. Another is contemplating opening up her own business to help others. All of these decisions were made as they acquired awareness and skills to make better decisions. They are now exercising the power of choice and taking responsibility for the things that they are responsible for. With regard to the overall progress across both groups of women and youth, I was able to assess the strengths and areas for improvement with regards to their needs. We identified that most individuals had reservations about talking in the group initially, so we did some ice-breaking exercises thereby giving them a voice. We found that the greatest strength of the service continues to be connect with people in their current circumstances to better understand their needs. For example, if someone had an issue with physical health, we could refer them to a local leisure centre. We were able to address practical needs and signpost accordingly. It was evident that we had created a safe space where people could open up and talk about their struggles. Once that initial hurdle was crossed there was a huge amount of dialogue and everyone participated. This conversation addressed issues such as childhood trauma, things they’d never spoken about and how this had impacted their adult lives. We empowered them to take risks and to start saying “no” to situations that didn’t serve them. With this type of project, it’s not practical to set timeframes as people have different needs and some take a longer time to process things, but once they have decided to process, they will make good progress. Some beneficiaries were ready to make changes after the first session, whereas others took longer. One of the greatest achievements was being able to help individuals have a better quality of life. Being able to help people have a better quality of life. This was achieved through workshops on managing stress and communication. A great success story was a lady who had never used WhatsApp on her phone previously. She was supported by one of our team members and the joy and excitement that ensued was phenomenal. she came to the realization that she was letting life pass her by, and now had the power to make the change that was needed. Another lady was experiencing overwhelming family conflict, Whenever she visited, she would experience paralysing anger and guilt. We helped her to identify and acknowledge the feelings and what the real trigger was. She started separating the two issues and was able to get the help she needed to overcome the emotional issue that was holding her back. Working with the youths was also very remarkable, two individuals went back to college and another started working. There are others who are getting support 2

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

During the financial Directors remuneration was as follows Eucratia Thomas £1400.00 Theodora Akpon £7916 There were no other transactions or arrangements that need 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
19 February 2025

And signed on behalf of the board by:
Name: Mrs Theodora Akpan
Status: Director