INSPIRING WOMEN NETWORK CIC

Company limited by guarantee

Company Registration Number:
08215813 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

INSPIRING WOMEN NETWORK CIC

Contents of the Financial Statements

for the Period Ended 31 August 2024

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

INSPIRING WOMEN NETWORK CIC

Directors' report period ended 31 August 2024

The directors present their report with the financial statements of the company for the period ended 31 August 2024

Principal activities of the company

Principal activity of the company during the financial year was to develop the potential of and opportunities for women and girls. Including delivering projects that enable the progress and benefit of women, girls and their families.



Directors

The directors shown below have held office during the whole of the period from
1 September 2023 to 31 August 2024

Shibhon Armstrong
Nourallah Chakroun


The director shown below has held office during the period of
1 September 2023 to 1 September 2023

Caroline Galyle-Dunn


The director shown below has held office during the period of
15 March 2024 to 31 August 2024

Najma Shah


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
30 May 2025

And signed on behalf of the board by:
Name: Nourallah Chakroun
Status: Director

INSPIRING WOMEN NETWORK CIC

Profit And Loss Account

for the Period Ended 31 August 2024

2024 2023


£

£
Turnover: 6,816 3,919
Cost of sales: ( 6,128 ) 0
Gross profit(or loss): 688 3,919
Distribution costs: ( 348 ) ( 902 )
Administrative expenses: ( 38,458 ) ( 47,400 )
Other operating income: 26,917 50,471
Operating profit(or loss): (11,201) 6,088
Interest payable and similar charges: ( 36 ) ( 48 )
Profit(or loss) before tax: (11,237) 6,040
Profit(or loss) for the financial year: (11,237) 6,040

INSPIRING WOMEN NETWORK CIC

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 5,377 6,527
Investments: 4 5,000 0
Total fixed assets: 10,377 6,527
Current assets
Stocks: 5 1,210 1,210
Debtors: 6 0 2,501
Cash at bank and in hand: 54,644 69,974
Total current assets: 55,854 73,685
Creditors: amounts falling due within one year: 7 ( 64,610 ) ( 67,354 )
Net current assets (liabilities): (8,756) 6,331
Total assets less current liabilities: 1,621 12,858
Total net assets (liabilities): 1,621 12,858
Members' funds
Profit and loss account: 1,621 12,858
Total members' funds: 1,621 12,858

The notes form part of these financial statements

INSPIRING WOMEN NETWORK CIC

Balance sheet statements

For the year ending 31 August 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 30 May 2025
and signed on behalf of the board by:

Name: Nourallah Chakroun
Status: Director

The notes form part of these financial statements

INSPIRING WOMEN NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 August 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

    Turnover policy

    Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Plant and Machinery 10 years Straight Line Computer Equipment 4 years Straight Line

    Other accounting policies

    Government grants Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred. Stocks Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads

INSPIRING WOMEN NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

INSPIRING WOMEN NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 3,950 3,017 6,967
Additions
Disposals
Revaluations
Transfers
At 31 August 2024 3,950 3,017 6,967
Depreciation
At 1 September 2023 0 440 440
Charge for year 395 755 1,150
On disposals
Other adjustments
At 31 August 2024 395 1,195 1,590
Net book value
At 31 August 2024 3,555 1,822 5,377
At 31 August 2023 3,950 2,577 6,527

INSPIRING WOMEN NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Fixed assets investments note

Investment additions during the year were £5,000

INSPIRING WOMEN NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Stocks

2024 2023
£ £
Stocks 1,210 1,210
Total 1,210 1,210

INSPIRING WOMEN NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

6. Debtors

2024 2023
£ £
Other debtors 0 2,501
Total 0 2,501

INSPIRING WOMEN NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

7. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 1,120 1,617
Trade creditors 2,202 0
Accruals and deferred income 59,746 64,195
Other creditors 1,542 1,542
Total 64,610 67,354

COMMUNITY INTEREST ANNUAL REPORT

INSPIRING WOMEN NETWORK CIC

Company Number: 08215813 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

Inspiring Women Network CIC continued to grow its impact during the financial year ending 31st August 2024 by delivering a wide range of activities that foster empowerment, community connection, cultural inclusion, wellbeing, and leadership development for women particularly those from minoritised and marginalised backgrounds across Cornwall. Flagship Events Large-scale events allow us to bring women together to connect, learn, celebrate, and be inspired. They serve as important platforms for visibility, leadership, and shared experience challenging the invisibility of minoritised women in public and professional spaces. -Women in Business & Leadership Conference: -International Women’s Day Gala Wellbeing and Personal Growth For many of the women we work with, access to wellbeing services and safe spaces for personal reflection are limited due to financial hardship, isolation, or cultural and language barriers. IWN’s wellbeing programmes provide much-needed spaces for rest, healing, connection, and confidence-building prioritising accessibility and cultural safety. These sessions, attended by hundreds of women, support women in developing healthy routines, coping strategies, and a stronger sense of self. Creative Craft Workshops Creative expression is a powerful tool for healing, self-discovery, and social connection. For women who may feel voiceless or isolated, engaging in arts-based activity can foster confidence, skill-building, and a sense of pride. Our creative workshops are designed to be low-pressure, accessible, and joyful supporting both wellbeing and community building. Cultural and Community Events Celebrating cultural traditions and heritage strengthens identity, belonging, and cross-community understanding. For racially minoritised women, being able to celebrate their culture without judgment or having to explain themselves can be a deeply affirming experience. These events promote cultural pride, build community cohesion, and tackle isolation in joyful, celebratory ways. Social Justice and Advocacy Many of the women we serve experience structural inequalities that cannot be addressed through support services alone. Our social justice work amplifies underrepresented voices, facilitates critical conversations, and works toward systems change. Through all these events, IWN has provided vital services to women across Cornwall especially racially minoritised women and those facing systemic disadvantagecreating safe, empowering spaces to connect, grow, and thrive.

Consultation with stakeholders

At Inspiring Women Network CIC, meaningful consultation is at the heart of everything we do. We believe that those most affected by inequality must be at the centre of designing the solutions. That’s why we consult regularly, listen deeply, and co-create our programmes with our community particularly racially minoritised and marginalised women in Cornwall. How We Consulted - Ongoing verbal feedback gathered at events and workshops - End-of-session evaluations for most activities written or verbal, depending on accessibility - Monthly community conversations through drop-ins and informal chats - Two large-scale consultation events Meet IWN Sessions. Key Themes We Heard - Women wanted more regular wellbeing activities that felt safe and culturally sensitive - Many asked for more inclusive physical activity, which led to the launch of our new Dance Fit-ness Classes. - The craft sessions continue to serve as a healing space. - Improving mental health and resilience was a priority , prompting us to our monthly “Ways to Wellbeing” series - Racialised and minoritised women voiced a desire for more events by and for them, including safe spaces to discuss and celebrate identity and heritage. How We Used This Information - Our programming decisions and new offerings - How we communicate making sure language is warm, inclusive, and trauma-informed - How we design spaces to be more accessible, flexible and community-led - Which facilitators we invite prioritising women with lived experience

Directors' remuneration

Total remuneration paid to directors during the year was £26,556

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
30 May 2025

And signed on behalf of the board by:
Name: Nourallah Chakroun
Status: Director