for the Period Ended 31 August 2024
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 August 2024
Directors
The directors shown below have held office during the whole of the period from
1 September 2023
to
31 August 2024
The director shown below has held office during the period of
22 February 2024
to
31 August 2024
Secretary
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
| 2024 | 2023 | |
|---|---|---|
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£ |
£ |
| Turnover: |
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| Cost of sales: |
(
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| Gross profit(or loss): |
( |
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| Administrative expenses: |
(
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(
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| Other operating income: |
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| Operating profit(or loss): |
( |
( |
| Profit(or loss) before tax: |
( |
( |
| Profit(or loss) for the financial year: |
( |
( |
As at
| Notes | 2024 | 2023 | |
|---|---|---|---|
|
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£ |
£ |
|
| Fixed assets | |||
| Intangible assets: | 3 |
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| Total fixed assets: |
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| Current assets | |||
| Stocks: | 4 |
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| Debtors: | 5 |
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| Total current assets: |
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||
| Creditors: amounts falling due within one year: | 6 |
(
|
(
|
| Net current assets (liabilities): |
( |
( |
|
| Total assets less current liabilities: |
( |
( |
|
| Total net assets (liabilities): |
( |
( |
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| Members' funds | |||
| Profit and loss account: |
( |
( |
|
| Total members' funds: |
( |
( |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 August 2024
Basis of measurement and preparation
for the Period Ended 31 August 2024
| 2024 | 2023 | |
|---|---|---|
| Average number of employees during the period |
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|
for the Period Ended 31 August 2024
| Goodwill | Other | Total | |
|---|---|---|---|
| Cost | £ | £ | £ |
| At 1 September 2023 |
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| Additions |
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| Disposals |
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| Revaluations |
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| Transfers |
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| At 31 August 2024 |
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| Amortisation | |||
| At 1 September 2023 |
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| Charge for year |
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| On disposals |
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| Other adjustments |
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| At 31 August 2024 |
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| Net book value | |||
| At 31 August 2024 |
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| At 31 August 2023 |
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for the Period Ended 31 August 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Stocks |
|
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| Total |
|
for the Period Ended 31 August 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors |
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| Total |
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for the Period Ended 31 August 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Trade creditors |
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| Taxation and social security |
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| Accruals and deferred income |
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| Other creditors |
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| Total |
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At The Inside Out Clothing Project, 2024 has been a year of purposeful growth and community-driven impact. Rooted in communities of those with lived experiences, our work continues to be shaped by the people we serve through storytelling, mentorship, and creative expression. By centering those historically marginalised, we’ve ensured our programs remain responsive, inclusive, and deeply meaningful. Each garment created through our initiative is more than fashion - it’s a story of resilience, identity, and transformation. This year, we expanded our engagement with at-risk youth and individuals within His Majesty’s Prisons, offering design-led training, mentorship, and business development opportunities. These initiatives have provided real alternatives to crime and incarceration, equipping participants with tangible skills and a renewed sense of purpose. Through these programs, we are breaking cycles of exclusion and building tangible pathways toward independence, dignity, and long-term success. Our community-first model continues to evolve, guided by ongoing feedback from participants, partners, and mentors. From integrating digital literacy to launching Rock Up Pop-Up Shops and collaborative events, we’ve created spaces where creativity meets opportunity. These platforms have helped participants connect with industry professionals, generate income, and build sustainable careers. Every item sold directly supports our designers, reinforcing our commitment to economic empowerment and self-sufficiency within every community. Looking ahead, Inside Out is more than just a fashion initiative - it is a growing movement for systemic change. We are not waiting for inclusion; we are building it ourselves, from the ground up. Through our work, we are reclaiming space, amplifying the voices of under privileged and under represented individuals, and investing in the next generation of talent. As we close the year, we do so with pride in our accomplishments and a deep resolve to continue creating a future defined by hope, equity, and opportunity.
No consultation with stakeholders
The directors' aggregate remuneration in respect of qualifying services for the period was £31,167 (2023: £nil).
No transfer of assets other than for full consideration
This report was approved by the board of directors on
27 May 2025
And signed on behalf of the board by:
Name: R Pierre
Status: Director