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$x￿m•nt, the Charities Act 2011 ¥#* "Ace￿￿rg
and Reporting by Charities". StateTh•nl of Recg)mn*nded Practsce app￿8b￿ to charitw pr•p8nry Iher accounts
in 8ccordarK* the Repm SlaTrdard applKatil• in th8 UK and RapU￿ of IrolarKI (FRS 1021
leffective 1 January 2019)".
. Tho objects ol Ihe charfty are to assist in the treatment ar#J ¢ar• of perso￿ leaming difficuttlos or
disabilitl8s. mentsl health aThJ Well-bow￿ issue$ 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
wP*n 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 caynmunit*s.
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 v*w lo hpro¥lng and devdopir¥J partnershlps for renv**lry 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 geograF*ical 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 Banr*J 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 Rat*9
Hope fundw¥J (T*tMch o al80 mwwged by NwF#yI Cty CouKd).
lo connect wilh natyre. EctrCrp8tsvity delTh*rnd by ViSL￿1 artst Sarnh (%•odey at Cefn Florest E(x)
Pw*. where after a walk 8rKI mindlulne88 With nature. parwnts r8xted to thèir 8xper*nce
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<)nr*ct•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 cv*n 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•ffjc*E 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 r*ed to provide lor
or potential redundancy as part of our reserve. Theroth. our reseThe polw vms ro¥w*ed 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 irK*xl
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 w*llbeir¥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 VK*nmouthshire
£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 m*tiry ￿ 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•rnfMrc*l 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 mèmt*rs 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 examin8tK*n 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 i*arWs 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 bei*ve 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 requYeN*nts (XYK*rn￿ 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￿￿ In*ltho. 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 ch8rii*s 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 AclTh*itsos ￿ 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, wt*ro 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￿$. incbJdiTVJ cre(rrtorB and bank k)ans afe initi81ty reLX)gnised at transactm prrn unle
the arrangemont constitutes a financing tran&xkn, where the debt instrument is measured al ttke present
value of the fulure payrr*nts dlscwnted at a Mark￿ r8tg of int•r¥¥L Fl)andal li•bllltss dwlfied 8$ 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• dlM*wp*l ¢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 tr*sa 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 ar*J gains falliNJ wthin sfjC￿n 505 ot the Taxes Act 1988 or sect
252 of the TaXallW￿ Chwy8th Gaw￿ AGI 199210 Iho •xlant that tr*so 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