2024-03-31-accounts

Ch•rlty r•gknlratlon numb•r 11 S5017 INSIDE OUT CYMRU ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

INSIDE OUT CYMRU CONTENTS Ir￿n( ￿rr￿￿8 rowt Stalèmenl of llftar￿ acttvtbe• 10 11 12-20

INSIDE OUT CYMRU TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 fin8nGial stalerrnnts ar#d comply wlih tr ¢h8rWs kK)vemiw t$x￿m•nt, the Charities Act 2011 ¥# "Ace￿￿rg and Reporting by Charities". StateTh•nl of Recg)mnnded Practsce app￿8b￿ to charitw pr•p8nry Iher accounts in 8ccordarK the Repm SlaTrdard applKatil• in th8 UK and RapU￿ of IrolarKI (FRS 1021 leffective 1 January 2019)". . Tho objects ol Ihe charfty are to assist in the treatment ar#J ¢ar• of perso￿ leaming difficuttlos or disabilitl8s. mentsl health aThJ Well-bow￿ issue$ of any descriptK)n or in rthd of rehablltatM￿ 88 a resuh of such i11r￿s. disability ￿ dfftty. ty tr plov￿ of arts and educational adrdlles irbcluding volunteefifWJ Opwrtunitw In Wales. . To thance the educa1k￿ of the 9enefal pth areas relaliry to IMmhvJ dhTh￿Illos ¢x dsabllltkn. mental health and welkbelry issues. atKI welkboirvJ issues who are sodally excludeci from xtiety. (x parts of society. as a resuft of tr￿6 things, by Prov￿1￿ arts and •aucaknl actsvits8 and vokmtaerirvJ opportuntties in accesslble communty venuos In Walol. heatth chèrilies. arts pro18881y￿ts arKI Indiwdual pracbI￿￿ to dellver the pl￿r￿d progfamm8 of actsvitm. Th6 irnpacl of its work (xn be fell acrnss a rnry ol groups and Indivxluals and cow4nunrtl•8. Our projact partnérs this year indude". Blackwood Miners Ir￿trtU1o NatK>nal Lottery Awards for All . Talygam Ward. County Hospital (ABUHB) Cedar Park Waro. Ysbyty'r Tri Ch￿n IABUHB) Carer8' Hub Pontyky￿l . R1Vwfr￿t l NewFQrt L Pobl Hcwsing. NewF￿rt . CoMmun￿'e$ fof Work + l R•sliMt PallThva￿ (Torf88n C(XKd) Cefn Florest Eco Park . Bargood park United Welsh Housing . Blaenau Gwent Libraries SeTh . Alzheimér'i Socigty . Gw8nt Regional Partn•rshlp Boa . Bargoed Town Counc . Chapslow T(r*n Councl . Bargo•d Glffach Cc¢nrNThty C&)tr• . GAVO . Newport c￿nty Cw . Cwm Taf M¢xgannw9 Unlvefsty Heallh Bowd . Aneufln Bevan Universty Hea#h Bowd . 8ethMs workn￿n.8 Hall

INSIDE OUT CYMRU TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Inside Oul Cymru's prugromme of work durfrva Ihe year has been ftmded by b7rious g￿ts and trusts that afe used to d•lNer arts workslw for supporting menlal and welkbeiry in the communty throughoul G¥￿t Publlc B•n•fft We have relerred lo the guKlanc contained in the Charity Commiswn's genernl gUIdar￿ on public benefft wPn reviewing our aims and obhethes in plannlrwJ our ftjture actrrfitss. Inside Out Cymru's aims are to pifxnote montal heallh and w•&being through ￿rnMunty and cr•th8 art8 8CtMlth,' to provth educatKxwI opportunilie8 lor our parricipants arKI for the wNJ8r pubhc in all areas rolatifvJ lo18amirvJ diffirwlts'es ry dwabth. menlal hoalth and welkbeirKJ issues: and to promote %)cial induwn in k)cal caynmunits. Acllvlll•• arts workshops throughout Gwenl in commurdty afKI ￿lOOnlial sattir¥Js. Thls usuolty I￿rking with partnern as Ven￿ hosts or refefrets ol Wtsupants. These ￿ks￿￿5 wo in a rarye of art forms rtludlrrfJ chorl mu8lc (wth WerKty Lrril. btsua18rt￿ rygfts {kn Nath￿ Strwi. Alice Smrth, Sarah Good8y, Blll Chambers and Rhlan Andernon). apphed arts (with artisl Li%a Fbyd, arKI MO￿￿nI (wiih FDna Winter) whK particlpants arid partner5 as wII as undertaking thoroiMJh evalualK>ns ol our projects. Orant M•klng Pollcy Our approach kn grant maklry th lo •nwr• that OW nK>St pjpth 9essMxM' w0visi￿ Is sustained aid ￿f￿r8d. a vw lo hpro¥lng and devdopir¥J partnershlps for renvlry cm pwraIM￿ lundirwj In 2023. To develop and expand our workslws, we soek to secure smallor grants of bgtween £3.CKY) . £10,0(KJ to enable us lo set up workshops arKJ extond our geograFical range with•n (>•tht. In March 2023 we wwe infonT￿d that o Lottwy Communty FLW)d appMcatM)n was urffjucces￿l and therefore our pffjgramme fr<xn Aw'l 2023 had Crnatlv• Hubl (￿r Port Our Vole• Our Cholc• . Fbl fwdod li 2020 by ihe BarirwJ F￿￿KIll￿, •KI Provmjent FWKI (Cornm￿1ty Fund Wales). 8 clxnmunlty ueabve was aet up In at The Riverf￿ Tlwtre and Arts Centrv and In pfirtnership with Newrth Live. After Ihe BanrJ Fwndalth grant fiThshed at the erKI of the 2021.22 Ilnanoal year. ￿ appl￿d to Newrt Cty Cound's Our Port Our Voice for sossions at the Hub. The opplied arts aes8￿13 havo 0)n1#i￿d wthin tho Riverfron( t•ith lu￿ wcce88fulty granted by Newport Cty Councjl's Our Vote Our C￿￿ce Port. and rnor• rocenty thrwh Big Gr4•lArt4Lrf• and Rat9 Hope fundw¥J (TtMch o al80 mwwged by NwF#yI Cty CouKd). lo connect wilh natyre. EctrCrp8tsvity delThrnd by ViSL￿1 artst Sarnh (%•odey at Cefn Florest E(x) Pw. where after a walk 8rKI mindlulne88 With nature. parwnts r8xted to thèir 8xpernce throLpJh visual arts aCtsvrt￿, like wntrnakiThJ and dr￿n9. Move in Nature was 8 mirthjl movewl athty d8lherwJ by de￿ artL8I Flo￿ WNitor in Barfft Park. All participants reported a positive experience with Irue8sed p05rtr￿ wellbeing arKI 1rue0￿1 noture conneclion. This wa• maa•ured through the Jlv)rt WEMWEBS ¥￿111* sup+•y arxj a nature conn•clodness survty. . The ptlol is belr¥J exparthl in 2024r25 with partws Ikke GAVO Nature Wolb•'rnJ team, the Outhor Parlnernhlp and Coed Ueol. We WIH deliver a prtwarnme al Cefn Flrnt Eco Park that aims to conneca p8opl8 to nature through the arts whll• usnJ both arts arKI nature ts ryrove Wellb￿.￿ and

INSIDE OUT CYMRU TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 N•wport W••t CMH T••m Art on th• Hlll . InsKle Out Cymru agwn took in Newports annual Art ￿ tho Hlll crnft lair in 20rJ. work by partKwts at Rjverfroni and a Pf•sence by staff arKI artssts. Showca•• Opportunlll•s Trnlnlng •v•nt• . ACW ShanryJ Togothor fUr￿d a 'Nurture Netth. event - a n8t¥K+rklry arKI training event for v18ual artists workry in Arts and H&th across GW￿t. There was a good response, 30 indlvKluals attending Ihe event. bul rylh onty $4 irKllvldu•ls stayirvJ c<)nrct•d with the nefv￿rk. The trainir¥a d•y dolNered 3x arts aCtNi1￿ for IrviratK￿ 8 chance to ¢mr￿cl, a talk from a guest $P88ker- an arts Iheraplst dlscussing supervision patfrways and w7yS to supwt ow cvn and a ￿Ibal session lor artists. TPere was also time to nehwork each otsr. . R8achlry Out ACW work- mentorThJ emeryirva arbsts . Inside Out Cymru hosted lx training events thn)ughout the year, at Nff•ffjcE Cty Homes. The events were atméd at organiSat￿r￿a. charitw. thir(I sactjr and ￿￿81th se(kn. Such as MiThJ. Corrrnnity Menlal Fln•n¢l•l r•vl•w unrestri￿ R•8•w at of March 2024 are £22.045 (2023.. £57.671 R•Mrv•• Pollcy In accordance wlih g)od corp(xats 90￿monCe and Charlty Commission guidefines, the Board Is maintaining an acoJmul8ted reser￿ of £10,Cth 88 an Unrestric￿ Contingen￿ luThl to cover between &12 mwlhs operating partnershlp wlth ottw oryJ8nisalJons. SirKe wo wwe ￿ k)rger In receipt ol Lott￿ fvrvJirwJ after March 2023 arKI no longer had 8mployee8 lof tr￿ Chanty. onty so11￿Yed contracts. we had r)0 red to provide lor or potential redundancy as part of our reserve. Theroth. our reseThe polw vms ro¥wed in Oct0t￿ %J23 afKI the amount adlustsd kn indude ￿lMInIStratiOn and subscriptK>ns LXJ8ls lor 6 .12 monlhs onty. As a Charity have no overhe&Js such Bs Offi￿ rnntsl and assoriated blls. costs Covered by the rnserve ]nd￿je pro managemènt timel administrat￿n. fundr•swvJ and subsuytr)ns such as bry)k-keepiNJ $y7Wr•. The Reserves Poliw wil bp rPV￿d annualty. Fundlry SirKe the thary fr￿n Lottery Fundiry. tho Chanty has b8en rumry on a wopcl by wojecl bas&8 and dr•4th1 grants from a variety of Charilable Trusts and FounL18tM)fts to deknf tho wogrwnrn of Wor￿ Grnnts irKxl propct nwnageTr•nV admimtratm lees as part of prDi

INSIDE OUT CYMRU TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 Fundlng d•l•lh for 202>24 ATE FUNDING 8OOY URPOSEIDESCRIPTION wiouwr prll 2023 CBC Lovellsng elivery of wllbeir¥J sessM)ns in Caewhily Coun oro June CBC arbsl support Partn8f5hip thing wlth CCBC Arts Serrfic t £1,97 f8mme ol vrnk DelTrvery ol appl￿$ arts sessions at the RNerfronl i June Newport Cty Council £4,22 ur Port NL Awards 4 All 7rd3 4 All Bill In Torfaon. £32 023 reatNe Lives AVOI RIF lurmding fo Blaenau Gwent arKI' Monmouthshife AVO ellbein Council Wal8S u9￿1 2023 livery of various pr• th communty n 81aenau Gwent arrtd VKnmouthshire £8, ugu812023 Nature Delivery of outdoor arts projects in Celn Flores co Park and 8a Park eaching Out project workiry ￿ryth people unable c¢8ss existl sessions hanng Ic•3ether proiocl- supwrtirKJ artists and tK)se In Arts and Health séclor x arts 5e55ty)ns In Merthyr as part of Arts irKls PTO Delivery ot induswe music aTrJ sirylng session an - Dec 2024 rts 585$1ons in Mgrthyr as part of Arts and Minds Pro ann Hub at 2 x Communty Cèntr8s around £3,0 p 2023 £12.64 p 2023 Council W8189 £3,0 Nov 2023 TMUHB Arts and Minds wendoline arol Davies Trust TMUHB Arts and Minds 88rgced Tovm Council Dec 2023 £3,00 an 2024 Feb 2024 £1.2 Feb 2024 hepslow ouncil CBC levelliry up Town 10 x Art for Wellbeing sessions in Bulwark an 2024 èlivery ol arts group in Blathvood Jafv March Rhk IAan•g•m•nt Th8 tru8teaS 8ro resp￿SIble lor the manwThnt of Ihe rwks faced by the chanty parts¢xthr ￿ference io intemal control 8yStems and mi1vat￿n ol n4(. The Board re¥￿ a iNk evaluat#￿ slatement prepa￿1 by the 8usiress Development Manager on an annu81 ba$4. The key c£Yrtrds uwl nclu(k'. . Formal a9enda minutes of all mtiry ￿ tr• tr . Detaibed lern￿ ol teference Ic* ts Boartl . Comprtsh8r￿ivfj ¥trotg9ic planning. budgets'ry and man8gerrnnl a(￿O￿nItr￿j . Fomal wntten wI￿leS

INSIDE OUT CYMRU TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 PAARCH 2024 Pl•ns for futur• p•rlod• P•rtn•r4 ar￿ Indu . To rtre8t8blisti Ilnks ￿ kx•l P•llh boards to ithin lThpttals and hoalth sth'ws •nd find innovab've ways to conb'nue to deliver services wrtfr￿Ul rggular furrfling ts Ihis work. . To dovelop our presence bmlhin Ihe arts ir#Justry 08 an experi8nc&J communty 8rt8 charty. moans of generaliry (X•rnfMrcl incomè. . Conunue to firwj allomatr¥• fundiry fw fyJr previousty Lottery.furKled workstw across (>•nL . To suslain and d•vek)p t￿ CreatNe Hub tr applff4J arts In NowrxyL . To expbrn ways of attracb'rKJ a morn dp4èrse bJard of tTuslee8. St•fflng Struclur• Insmde Oul Cymru opor8tes across S¢xrthEast Walos Valeys Area in Wales and has an ofve bgse al Arts Developmenl Offic• for Caerthilty c￿nty Boro￿dh C￿ne￿ based at the 81ackwc¥>J Miners In81ilute. Inside ¢JJi Cymfu'8 programmes armj services are delNered by 8 freelarKe Projert M8na9er, a treelanrn Interim P￿ject IAanagem•nt Group •nd Trt￿l••• Th¢ management group of the chadtable company are tt• tru81008 fty the p(n)08￿ of ch•Tity knv are Rxrultm•nL Appolntm•rt Inductlon •nd Tvalnlng gf Tru•tM• Tn￿1•8$ arg wpointed ty th• C¢wnrth. All tr￿t80* re(¥￿ an pack ¢4￿1?1n￿va . The most recenl accounts. . role of Trustees shéet. . T￿ minutès of Ihelost rwtsNJ. organl$8llon on a regular basls. Ourffw thi$ yo•r Nicol Smth continued as Choir. Al the end o120Z4-24 lh•

INSIDE OUT CYMRU TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Ofganl••tlon Structurn •nd D•el8lOn4￿In9 Procws The Board of Trustee8 must h8VO 8t188813 mèmtrs to 8(knini8tw Ihe chaiity. Tlwe i• an agre8d aterr￿1 tho rolo and reswnslb.lths ol tho Bwd and its fi￿. At rn) the year any trustee h&ve a beMfic45 int8re8t in the ch8rity. The Board h88 appointe<l a Project Manager 8￿j Interim Propd Mana9er to JThnty menage tho dwo opeTalion• ol the tharty. and Wshe has dèWt8d ftw a rnwe ol operatx)nal metters. . ApproviNJ the b(1 arrfj business pkn. . Tl awdntment and rwnoval ol trust•es Ondudln3 lh• chair) nominations at Ihe AGM. . Consklerallon of furKlarr*ntsl Issues u)r￿mI￿ Insth Out Cymru's relalh)nshp wlth Its p11r￿lpaI 8lak•hold8rg. . Approval of rn8￿ ¢apSts1 experKlltrJre.

INSIDE OUT CYMRU TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 R•f•rnnc• •nd •dmln•ltr•tlv• d•tsilB Ch•rlty numb•r 1155017 CIO Black1￿￿ Miners In8t1￿10 Hlgh Stroat Gwent NP12 188 Tru81• Nicol Smrth Rhian Morgan K8vln Jakeway David Chamberfaln Ind•p•nd•nt Ex•rnln•r Azets Audit S•rvlc•s Ty Dew Lime Trne Cwt Cardffl Gat• Business Park CF23 8A8 B•nk•r• The CoQperntfve Bwk PLC PO Box 250 Skelff*r8d WN86 Davld Chombortai .

INSIDE OUT CYMRU STATEMENT OF TRUSTEES. RESPONSIBILrriES FOR THE YEAR ENDED 31 AIARCH 2024 The trustees are responsible for prepariry Iho Trustees. Report arKI the financial 8talements in aC￿rdance with applicabte law and Unrted Kin9rJom A￿Unbry SlaDdards (Unrted Kwom Generalty Accepted Accounljng financial year give a true and view of slate of atrairn of tho ¢harity ond of the rosour¢es and appllc•llon of T08￿r¢ol 01 tr (tsrty ts that yw. and explalned in the financial 8tatem8nts.' and WIH contlnue In operatlon. Tr trustees are reswnslble for keepiry sfftK?nt accounting records Ihat disdose lth reaS0r￿le accuracy at any lirr Ihe ffinancial ppsrtiw of the tharlty and enable them lo ensure that the finan¢ial 5talemenls compty V•ryth tho Chorities Act 2011. the Chadty (A(x￿nts and Repcmts) RegulaiKJn8 2008 arrtd the provisions ol the Irust dèed. T are al80 respcm8ible for sof89uardiry t1￿ 4s8ets ol the thwny •KI herK¥ x ¢akiry rea8¢xth steps lor tho preYentk)n and detectTh of fraud arKI o11￿ irregulafities. The trustees arn rnspon8ible lor the In?￿1•￿ance and int•9nty of the chafity and financial in10m￿l￿ Ind￿ thg tharity'8 ￿b3￿10. L¢gi8la￿n in Ihv Unrted lfjrydorn gmwnwwj 4r¥J of finan ¥talements may drfFer frryn19gi¥l•tK>n in ottwr juriodictsn•.

INSIDE OUT CYMRU INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF INSIDE OUT CYMRU I report to the trustees ￿ my examin8tKn of thé finan(ial statements ol In8Mle (Xrt Cymw (Ihe charity) fof Ihe y￿r gndod 31 M8fch 2024. RMpon•lbllltl•• •nd of r•port the requi￿1& ol chwit￿ Ad 2011 (trbe 2011 hd). l rnport in Iwect of ry examinati1￿ ol thé iarWs Ststsments carrknd oui (fKlèr secilon 145 01 the 2011 Act. In caryiNJ oui my èxaminatitin I hav• IcAk>w•d dl th• 8ppN¢th DlrocikN by th• Charty Cmn&slon under sec1K￿ 145(5Xb) of the 2011 ACL Ind•p•nd•nt •x•mln•rf• slatsm•nt Your attenllon is draknr to Ihe fact that Ihe charty hos pr8p8rod fingn(>al stst8monts in K0)rd8￿ wlth Acry)untt'rvJ and Re[￿'n9 ty Charities ¢xepaTlr¥J thoir accounts in aCc(X(lan￿ ￿ the Financial Slandar(l appllcable in the UK and Republ￿ of Ir8land (FRS 102) in preference to the knounbng and Repryt'ry by char￿e8.. Statement l undefstand that has been dono In ordor fmanciat slatom8nts kn prov¥So a arKI fair ¥iew in ac4xdan¢• exarninal￿ giving CaLWI to beive that in any matefial r08poci: accounting rectyds werg not kepl in respect of Ih thanty as rw•d by s•cttcn 1x1 of Iho 2011 A. or finarKial statements do r#)t accord with those records.. the finonL¥al statements do r#)t cOm￿Y ilh a￿kable requYeNnts (XYKrn￿ tr foffli arnl content of 8ccounts set out in the Charii*s {Accounts and ReF￿s) Regulabons 2CX)8 1)thor than any r8quirement that I Az•ts Audil S•rvlc•• Ty Derw. Llrne Tree Cowl ca￿rf1 CF23 8A8 United Klrg !g].I 1>

INSIDE OUT CYMRU STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AIARCH 2024 Tol•l fvnd3 2024 funds 2024 fvnd• 2023 fund• 2023 2023 Pknt•• Donalicffj8 wxl legacies 227 182 182 142,183 45. 140,629 Irw081JTTent8 637 637 Tot•1 Incom• 45,082 45.946 l.W2 140.629 142.431 45.448 77.252 101,845 101.845 N•t loutgolngVln¢￿lnq transhrn (30,940) (31.￿} 1.802 38.784 Gro￿ transfers (4,686) (29.4801 N•t l•xp•ndllur•ytncom• for th• y••rf N•t mov•m•nt In lund• (35,626) (31.Xfj) 31.262 9.324 FurKI balancu •t 1 2023 57.671 9.324 Ftsnd b•l•fKM •t 31 M•rch 2024 13,644 57.671 9,324

INSIDE OUT CYMRU BALANCE SHEEr ASAT31 MARCH 2024 2023 Cash at bank •MJ in haThJ 68.524 Crndltorn: •mount• f•lllng du• wlthln 11 (2.580) (1.529) Nel ￿rrent asaats Restncted lunds Unrestricled lunds 12 13.644 22.045 9,324 57.671 ..oJ.I' (" D•vld Ch•mb•rl•ln . Tntyt••

INSIDE OUT CYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 InsNJe Out Cymru 18 an unlrKfKporated whcthe whxapal offlc i• cjo B1aeJLW￿￿ Inltho. H SlrpeL ¢knnt. NP12 1 BB. 1.1 A¢counllng ¢onvwthn Th• fir￿n(￿al slatemonts hrn b8en prgpared In •x>ydorKe wllh Ihe chartys govemirg doakmenL the char￿83 Aoa 2011 and "Accountlry arxl ReF#)rVng ty Ch8rltlos.' Ststemenl ol Recommended Pr8d( •ppIKablo lo tharitio5 prepariry ￿1r aca>unts kn accordanc• with the FinarKial Reports'rYJ Slandard applicable In the UK 8rKI Republ￿ of freLW￿ (FRS 102) (effthg 1 J￿ry 2019)". tharty is • Publ 8enofft Enfjty M definod ty FRS 101 The charty has takon of th• th• SORP tr th•rilleJ apptytr¥ FRS 102 Upda Bullfrlkn Ihg extent requlred ty prowde a true arnl fair This departurv has involved folk)￿Thj the Statement ol Recommen￿ Praclice for ch8riis apptyiry FRS 702 ralher than the vefsk)n of th8 Statement ol Recomrrended Practice whlch b refefred to in ts RryulatK>ns but which has srKe been withdrawn. The finan(xal StateTh￿nts are prepared in sterfirvJ, ￿•ch Is the lun(XkNwl currency of th8 (tstty. Mornl•ry has adequate resowce8 to c¥)ntmuo in operational existenc¢ lor ttK loroseeabl8 future. trL8tws 13 Ch•rftabh lund• obJecYv•s. 1A Incom• Incofrn from grants, whether 'capitaf grants or 'revenue' gwts. is recc9ftised when h charity gntiilemont to the fvrwjs. any pthanco WKJibws atta￿￿d to tlkg wants have beon mot, rt is prctable that the incm wdl be receNed and the affK)unl can be measured rehabty and ￿ rK>t d8f8rred. C8PtsI grants 8re released to the Sialement of Financi81 AclThitsos ￿ tho year of recdpL Flxed assets relalTWJ grants are caprtallsed. arKI depr•cwlion charged ￿ offsel agthst the grant income. in 8 restrithj luThl. f•(ivod In •(fva￿* defer￿d.

INSIDE OUT CYMRU NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 IContlnu•d 1.5 Exp•ndltur• third pafty, it Is probable that a trar￿ler of ecxKwJffl￿ benefits WMI be required in settlemert. 8rKI the affrt)unt ol ExpeNlilure 18 das51￿ ty athity. The cos18 ol e• actr￿ty af• rnado up of Iho totsl of dlro£t eosls and shared Costs. incI￿1r￿j suprM)rt costs In¥Y)W In up.dertaklrrfJ eath activty. Direcl costs altributaL40 io a sinoe aciivrty are alkKated dirxty to that actiw'ty. Shared (xjsts whith contribut• to rr￿ than one acljvty ar conslstent with the uae ol resourc￿. Central stsfl costs are hx8t•d M the baw of ts'mo sponL arKI Expendituré on chafilable activibts irKIth all ￿$ts rèlatiTrJ trj the lurttwanrn of the chanty8 objoctsves r•gulation and good practic•. 1A Calh and ca•h •qulval•nt• Cash and cash equNalents Ind￿18 cash In hand, dopc4#s haly at c81 ￿ banks. oth•r I#￿d invèstmènts w￿h or¥Jinal mALurit￿$ of three rmjnths or lass. bank overdrafts. Bank overdrdfts ar• shown trans8CtK>n ￿ce lrnSudlNJ trarwtsn costs and are subwwitly wied at arrnrilsed CA)St using the effective Inteffjst metlKAd unless the afrarvJement constrtutes a finarthg tranSac￿n, wtro the trar￿ctX>n ' rneasu￿ at the present vabje of Ihe fulure r￿•1pts di8￿)Un￿ at a market rate of inter88t. Flnancial a888ts are senjed. or when Ihe thanty transfers ts finarrfjal asset substsntsalty all the risks and rwiards ol f5htp to another entity. or rf xwne swfficant iisks and revrdrds of i)¥￿813h￿ are letar￿j txrt contrrA ol thé a￿1 ha8 transferrad to ar￿tr￿ p8rty that is able to Mll thé asset M ts enb'rety to an unrelated Ihifd paty. 8•sk fln•n¢l•l Il•bllltl•s Ba￿ financial liabilit￿$. incbJdiTVJ cre(rrtorB and bank k)ans afe initi81ty reLX)gnised at transactm prrn unle the arrangemont constitutes a financing tran&xkn, where the debt instrument is measured al ttke present value of the fulure payrrnts dlscwnted at a Mark￿ r8tg of int•r¥¥L Fl)andal li•bllltss dwlfied 8$ pay4￿• oparatbn8 from 8uppliers. Atr￿unts p8y8bla ar• da88illod as curT•ni Ilabilitlo8 rf paym8nt li dué withln one year or ￿. If rnt, they arn yesent&J as non-wrr•nt liabilllles. Trade crndltors are rwnis•d InlO&4y al D•r•cogniilon of fln•ncW Il•biiifi•¥ Financial li•bllilM are dorKI>Jr￿ ¥hwi Ih c￿tradUal ¢x ar• dlMwpl ¢x

INSIDE OUT CYMRU NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 IContlnu•d) 1.7 EMP￿Y•• b•n•fft• TF costs of shcK14erm ernployee berofits are r•cognls8d 85 • lknbilty arml w expense, ￿1888 th0￿ cA)sts we required lo be recow•d •¥ ￿ of cost of or Ix•d a88•1& 1A R•tlr•m•nt b•n•fft• and assumpkns aboul ts caryiry arrK)unl of assets and 1wbi1￿e8 Ih81 are rol I&￿1ty apparent from other ar8 considered lo be relevant. Aclual results may differ frrm trsa esiimates. The estlmale3 and underlylrYJ assurnpthjns are f•￿tr￿ed on an orooing basF8. Revi$￿S to accounting •Bilmates are rncognis&d perKxI in whK the esb'maie Is revtsed thè revision affects (mly that Don•tloM •nd l•g•¢l•• fund• fvnds 2024 2023 Don8ts)rry g 227 182

INSIDE OUT CYMRU NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 Charllabl• •ctl¥ltl 2023 10.010 35,on 12,240 129,943 Grants 45.082 142,183 An•ty•kn by fvnd Unr8Stricled fuTx18 45.082 140.629 Grnnts 14.413 Cornmunty Fund Wales (Nalional Lthry ConYNr4ty FurKI) C8efphilly County 8uwah C￿￿)1 Ctroporalfvo 112,409 1.204 12.105 GAVO Chepstow Town COU￿11 c￿7￿ Taf Mofganrhvg Unf¥￿ty Hearth Board 35.072 129,943 Unr•strl¢t•d Unv•8trlct•d nd• funds 2024 2023 k Interest 637

INSIDE OUT CYMRU NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 2023 Stsff costs FToelance, artist wwj FxvJ•(* costs M8rketlng ar￿ PPS 19.972 71.700 1.867 4.801 723 68,180 897 4.045 Other slaff costs 73.122 99.063 Share ol supr#yl cosls {806 7) Share ol govern￿ costs (see rKrte 7) 1.507 1.275 252 101.845 Ana￿kn by fvnd Unre8trlctèd fund8 31,804 45,448 101,845 77252 101,845 Support co•ts 2024 SUP￿ Gov•rn•nc• cost• co•ts 2023 Stoff (yxsts Bank d￿rge$ MarketSTrJ ar#J PPS 1.051 105 105 47 214 47 214 253 2.580 1.288 1275 1.275 4.130 1,507 1275 2.782 262 4.130 1.507 1.275 2.782 Govemm (xtsts IrKI(ths payn￿nts lo IM •xwnwws ol Q580 (2023: £1275).

INSIDE OUT CYMRU NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 1 truskne thai was appoinlod hi 24r25 Ilrwthl £805 for fre•1•￿ durkw tm y•ar. durino the or prkx year. Employ••• 2023 Numb•r Numb•r 2024 2023 Olher pensKJn costs 21.023 10 T•x•llon The charity is exerript from tsx on iro)m arJ gains falliNJ wthin sfjC￿n 505 ot the Taxes Act 1988 or sect 252 of the TaXallW￿ Chwy8th Gaw￿ AGI 199210 Iho •xlant that trso arn apPl￿d to ts charrtab16 obiacts 11 Cr•dltor•.' amounts f•lllng du• f•lthln y•w 2024 2023 1.529

8a84

1 88 51 1 1 I ULL UIL Z ULk al

INSIDE OUT CYMRU NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 13 ATh•￿1• of n•t ••s•ts bel￿•￿ fun(ts Total Unr••trlct•d Re•trl¢t•d fund• nd• 2023 Total rlds lund• 2024 2024 2023 FurKI b8lwK*8 at 31 March 2024 8rn rnpr88ented by. Current aS￿lS1{1$abl￿S) 13,644 57.871 9.324 13,644 57.671 9.324 1 trustee * a many ol Caorphily CBC {Cagrth4ty Arts Devehy￿t). The dwty recelved £13,309 dw6rq th• y•8r from Ca•rphlly CBC. (2023.. £5,59)1