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← Inside Out Cymru

2025-03-31-accounts

Charity registration number 1155017 (England and Wales)

INSIDE OUT CYMRU

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

INSIDE OUT CYMRU

CONTENTS

Page
Trustees' report 1 - 9
Independent examiner's report 10
Statement of financial activities 11
Balance sheet 12
Notes to the financial statements 13 - 23

INSIDE OUT CYMRU

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".

Objectives and activities

Inside Out Cymru’s role is to promote mental health and well-being through creative arts activities.

Objects

Strategies for Achieving Objectives

Inside Out Cymru understands the importance of working in partnership with a range of organisations, mental health charities, arts professionals and individual practitioners to deliver the planned programme of activities. The impact of its work can be felt across a wide range of groups and individuals and communities. Our project partners this year include:

INSIDE OUT CYMRU

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Inside Out Cymru’s programme of work during the year has been funded by various grants and trusts that are used to deliver arts workshops for supporting mental health and well-being in the community throughout Gwent. During this year Inside Out Cymru delivered on average 20 hours of arts activities equitably each week around the greater Gwent area.

There have been 4 main strands to our work this year:

Public Benefit

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives in planning our future activities. Inside Out Cymru’s aims are to promote mental health and well-being through community and creative arts activities; to provide educational opportunities for our participants and for the wider public in all areas relating to learning difficulties or disabilities, mental health and well-being issues; and to promote social inclusion in local communities.

Activities

Our core programme of community arts workshops consists of the delivery of an average of 20 hours per week of arts workshops throughout Gwent in community and residential settings. This usually means working with partners as venue hosts or referrers of participants. These workshops are in a range of art forms and a number of individual freelance artists. This included choir/ accessible music (with Wendy Lewis), visual arts/ crafts (with Nathan Sheen, Alice Smith, Sarah Goodey, Bill Chambers, Rhian Anderson, Rachel Balmforth and Marion Cheung), applied arts (with artist Lisa Floyd, and movement (with Fiona Winter) which were very popular and well received. We review our provision on an ongoing basis, responding to demand from service users and stakeholders. We base project development and funding applications on our consultation with our participants and partners as well as undertaking through evaluations of our projects. We have no core funding so our projects must be funded through specific applications for that piece of work.

INSIDE OUT CYMRU

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Grant Making Policy

Our approach to grant making has been to ensure that our most well attended sessions’ are sustained and secured, with a view to improving and developing partnerships to sustain our programme in 2025-26. To develop and expand our workshops, we seek to secure smaller grants of between £3,000 - £10,000 to enable us to set up new workshops and extend our geographical range within Gwent. The year 2024-25 has seen the majority of core sessions develop into new projects with our new partners and funders. This year the focus has been on smaller grants for individual projects with specific themes, however this is very time consuming for project management in terms of development and monitoring each piece of work. Thanks to an award from the Postcode Lottery in November 2024 we have been able to contract a finance officer to assist with managing our funding and we intend to develop larger projects where we can reach more of our beneficiaries through larger grants and therefore focus on managing projects with a greater reach.

Achievements and performance

Special Projects and Events

Creative Hub/ Our Port Our Voice Our Choice

Eco-Creativity and Move In Nature - GAVO Nature Wellbeing Project

Newport West CMH Team/ Aneurin Bevan University Health Board

Baring Foundation Creative Men project

INSIDE OUT CYMRU

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Phoenix Project and TogetherWORKS public art projects

ACW Reaching Further

Showcase Opportunities

Training and artist support

Financial review

During the period the organisation received total income of £111,134 (2024: £45,946) and total expenditure of £84,850 (2024: £77,252). This resulted in a surplus of £26,284 (2024: deficit of £31,306).

Unrestricted reserves at the end of March 2025 were £29,457 (2024: £22,045).

Reserves Policy

In accordance with good corporate governance and Charity Commission guidelines, the Board is maintaining an accumulated reserve of £10,000 as an unrestricted contingency fund to cover between 6-12 months operating costs. The Board is also developing new ideas for income generation such as commissions to deliver work in partnership with other organisations. Since we were no longer in receipt of Lottery funding after March 2023 and no longer had employees working for the Charity, only self-employed contracts, we had no need to provide on costs or potential redundancy as part of our reserve. Therefore our reserve policy was reviewed in October 2023 and the amount adjusted to include administration and subscriptions costs for 6-12 months only. As a Charity we have no overheads such as office rental and associated bills, and costs covered by the reserve include project management time/administration, Fundraising and subscriptions such as book-keeping systems. The Reserves Policy will be reviewed annually.

Funding

During 2024-25 the Charity has been running on a project by project basis and drawing grants from a variety of Charitable Trusts and Foundations to deliver the programme of work. Grants include project management/ administration fees as part of each project.

INSIDE OUT CYMRU

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Funding details for 2024-25

DATE FUNDING BODY PURPOSE/DESCRIPTION PURPOSE/DESCRIPTION AMOUNT AMOUNT
April 2024 Big Give/ Art4Life Delivery of applied arts sessions at the Riverfront in
£1,106.15
partnership with Newport Live
April 2024 Aneurin
Leisure
-		 Partnership working with BG Aneurin Leisure

£700
Libraries Libraries Service to deliver sessions in Tredegar
Library
May 2024 CCBC
Inv
260424
Delivery of various arts sessions in Caerphilly
£4,025
Artists fees county
May 2024 Parkinson’s UK Contribution
towards
taster
sessions
with
£55
Parkinson’s group
May 2024 Big Give/ Art4Life Delivery of applied arts sessions at the Riverfront in
£1,137
partnership with Newport Live
June 2024 Monmouth
Town
Delivery of arts sessions in Bridges Community
£1,030
Council Centre
June 2024 Arts Council Wales Reaching Out project final payment £93
June 2024 Aneurin
Bevan
Artists fees for ACW event for those in Arts and
£630
University Health Health sector
July 2024 Baring Foundation First payment for Creative Men project £17,377
July 2024 ‘Raising
Hope’
via
Delivery of inclusive arts sessions for people living
£5,209
Newport CC with dementia
July 2024 Raising
Hope’
via
Arts sessions in Riverfront with wellbeing Hub		 £4,964
Newport CC
July 2024 Lottery
-		 Community Champion Work with Torfaen Museum
£12,040
and Communities for work plus
August 2024 WAHWN Payment for presentation at Marketplace event £75
August 2024 GAVO
-
RIF
for
Delivery of arts groups in;		 £4,725
-
Blaenau
Gwent,
Tredegar library, NantyGlo, Blackwood, Bedwas,
£4,807		 -
Monmouth
and
Abergavenny, Chepstow		 £4,270
-
Caerphilly
Sep 2024 ACW Main grant Reaching Further
-
various session across ABUHB

£13,365
area for people living with dementia and their
carers
Oct 2024 Caerphilly
Miners
Payment for session in centre Dementia Cafe		 £80
Centre
Oct 2024 GAVO Nature Wellbeing project £2700
Oct 2024 Postcode Lottery General project support including the Finance
£18,153
Officer budget
Dec 2024 Alzheimer’s
society
Match fund contribution towards Reaching Further
£200
UK work
Jan 2025 Dwr Cymru Money for tester projects in partnership with
£3000
Parkinson’s UK
Feb 2025 GAVO/
TogetherWORKS		 Mosaic project in Caldicot £3375
Feb 2025 CCBC levelling up Projects in Caerphilly area
-		 BMI and Bedwas £1063
Feb 2025 GAVO
RIF
Further
Special projects in Caerphilly (£715
-
Bedws Music)
£1330
Faster and Monmouth (£615 Chepstow)
Feb 2025 CCBC for artists Support artist fees for various sessions across
£2685
Caerphilly County
March 2025 Baring Foundation Payment for reporting/ presentation on Creative
Men project
£250
March 2025 CCBC general Project support for IOC and CCBC artists £2500

INSIDE OUT CYMRU

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Risk Management

The trustees are responsible for the management of the risks faced by the charity with particular reference to internal control systems and mitigation of risk. The Board will review a risk evaluation statement prepared by the Business Development Manager on an annual basis. The key controls used include:

Through the established risk management processes, the Board is satisfied that the major risks identified have been adequately guarded against where necessary.

Plans for future periods

Partners and Industry

Programme of activities

Widening Access and Participation

INSIDE OUT CYMRU

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Structure, governance and management

Governance

Inside Out Cymru is an unincorporated association. It is registered as a charity with the Charity Commission. The governing document is the Memorandum of Association and Articles of Association.

Staffing Structure

Inside Out Cymru operates across the South-East Wales Valleys Area in Wales and has an office base at the Arts Development Office for Caerphilly County Borough Council based at the Blackwood Miners Institute. Inside Out Cymru’s programmes and services are delivered by a freelanceProject Manager, a freelance Interim Project Manager, a freelance finance officer and a team of freelance artists.

Management Group and Trustees

The management group of the charitable company are its trustees for the purposes of charity law and are collectively referred to as the Board throughout this report.

Recruitment, Appointment, Induction and Training of Trustees

Trustees are appointed by the Management Committee. All new trustees receive an induction pack containing the following information:

Trustees are invited to attend relevant training courses. Inside Out Cymru review training needs of the organisation on a regular basis.During the year 2024-25 the number of trustees stands at 5 x trustees, to provide support and strengthen governance of the charity.

INSIDE OUT CYMRU

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Organisation Structure and Decision-making Process

The Board of Trustees must have at least 3 members to administer the charity. There is an agreed statement of the role and responsibilities of the Board and its members. At no time during the year did any trustee have a beneficial interest in the charity.

The Board has appointed a Project Manager and Interim Project Manager to jointly manage the day-to-day operations of the charity and he/she has delegated authority for a wide range of operational matters.

There is a statement of matters reserved to the Board. They include:

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware:

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

INSIDE OUT CYMRU

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Reference and adminsitrative details

Charity number 1155017

Principal office

C/O Blackwood Miners Institute High Street Blackwood Gwent NP12 1BB

Trustees

Nicol Smith - resigned 24 April 2024 Kevin Jakeway David Chamberlain Lesley Pratley Ruth Bardell - appointed 24 April 2024 Solanged Ruiz - appointed 24 April 2024

Independent Examiner

Azets Audit Services Ty Dew Lime Tree Court Cardiff Gate Business Park CF23 8AB

Bankers

The Co-Operative Bank PLC PO Box 250 Skelmersdale WN8 6WT

The trustees' report was approved by the Board of Trustees.

..............................

David Chamberlain - Trustee Dated: ......................... 26/1/2026

INSIDE OUT CYMRU

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF INSIDE OUT CYMRU

I report to the trustees on my examination of the financial statements of Inside Out Cymru (the charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Andrew Howells

Azets Audit Services

Ty Derw Lime Tree Court Cardiff Gate Business Park Cardiff South Glamorgan CF23 8AB United Kingdom

29/01/2026 Dated: .........................

INSIDE OUT CYMRU

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
3
16
-
Charitable activities
4
21,056
89,438
Investments
5
624
-
Total income
21,696
89,438
Expenditure on:
Charitable activities
6
15,967
68,883
Total expenditure
15,967
68,883
Net income/(expenditure)
5,729
20,555
Transfers between
funds
1,683
(1,683)
Net movement in
funds
8
7,412
18,872
Reconciliation of funds:
Fund balances at 1 April 2024
22,045
13,644
Fund balances at 31 March
2025
29,457
32,516		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
16
227
-
110,494
-
45,082
624
637
-
111,134
864
45,082
84,850
31,804
45,448
84,850
31,804
45,448
26,284
(30,940)
(366)
-
(4,686)
4,686
26,284
(35,626)
4,320
35,689
57,671
9,324
61,973
22,045
13,644		 Total
2024
£
227
45,082
637
45,946
77,252
77,252
(31,306)
-
(31,306)
66,995
35,689

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

INSIDE OUT CYMRU

BALANCE SHEET

AS AT 31 MARCH 2025

Notes
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
Income funds
Restricted funds
14
Unrestricted funds		 2025
£
113
64,099
64,212
(2,239)		 £
61,973
32,516
29,457
61,973		 2024
£
-
38,269
38,269
(2,580)		 £
35,689
13,644
22,045
35,689

The financial statements were approved by the Trustees on ......................... 26/1/2026

..............................

David Chamberlain - Trustee

INSIDE OUT CYMRU

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity information

Inside Out Cymru is an unincorporated charity whose principal office is c/o Blackwood Miners Institute, High Street, Blackwood, Gwent, NP12 1BB.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.

Income from grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Capital grants are released to the Statement of Financial Activities in the year of receipt. Fixed assets relating to capital grants are capitalised, and depreciation charged is offset against the grant income, in a restricted fund.

Income raised from programmes and sessions is recognised in the period to which it relates with any amounts received in advance deferred.

INSIDE OUT CYMRU

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Expenditure on charitable activities includes all costs relating to the furtherance of the charity’s objectives as stated in the trustees report and their associated support costs.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

INSIDE OUT CYMRU

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.8 Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Donations and gifts 16 227

INSIDE OUT CYMRU

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

4 Charitable activities

Programmes and sessions
Grants
Analysis by fund
Unrestricted funds
Restricted funds
Grants
Baring
Arts Council Wales
Awards4All
Regional Integration Fund
Postcode Community Fund
Match Funding
Caerphilly County Borough Council
Newport City Council
GAVO
Chepstow Town Council
Gwendoline and Margaret Davies Charity
Cwm Taf Morgannwg University Health Board
Dwr Cymru
The Big Give Trust
Blaenau Gwent CBC
Parkinson's UK
Monmouth Town Centre
Aneurin Bevan
WAHWN
Caerphilly Miners Centre		 2025
£
10,273
100,221
110,494
21,056
89,438
110,494
17,627
13,458
12,040
13,352
18,153
200
-
10,173
7,405
-
-
-
3,000
2,243
700
55
1,030
630
75
80
100,221		 2024
£
10,010
35,072
45,082
-
45,082
45,082
-
14,413
-
-
-
-
6,299
-
9,500
960
3,000
900
-
-
-
-
-
-
-
-
35,072

INSIDE OUT CYMRU

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

5 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Other income 624 637
Expenditure on charitable activities
2025 2024
£ £
Direct costs
Freelance, artist and project costs 80,599 68,180
Marketing and PPS 763 897
Office costs 732 4,045
82,094 73,122
Share of support and governance costs (see note 7)
Support 79 262
Governance 2,677 3,868
84,850 77,252
Analysis by fund
Unrestricted funds 15,967 31,804
Restricted funds 68,883 45,448
84,850 77,252
Support costs allocated to activities
2025 2024
£ £
Bank Charges - 1
Marketing and PPS 40 47
Office Costs 39 214
Governance costs 2,677 3,868
2,756 4,130

6 Expenditure on charitable activities

7 Support costs allocated to activities

INSIDE OUT CYMRU

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

8
Net movement in funds
2025
2024
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
2,220
2,580
9
Trustees
1 trustee that was appointed during the year received £200 for freelance work (2024: £605).
None of the other trustees (or any persons connected with them) received any remuneration from the charity
during the current or prior year.		 2025
£
2,220		 2024
£
2,580

No trustees were reimbursed for expenses during the current or prior year.

10 Employees

The average monthly number of employees during the year was:
2025 2024
Number Number
Total - -
The trustees consider that there were no key management personnel during the current or previous year.

As noted in the trustees report, the charity also engage with freelance personnel to support the organisation. These costs are included within the charitable activities.

There were no employees whose annual remuneration was more than £60,000.

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12 Debtors

Debtors
2025 2024
Amounts falling due within one year: £ £
Other debtors 113 -

INSIDE OUT CYMRU

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

13 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Trade creditors
Accruals		 2025
£
19
2,220
2,239		 2024
£
-
2,580
2,580

14 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At
Community Fund Wales
Caerphilly County Borough
Council
Arts Council of Wales
GAVO
Gwendoline and Margaret
Davies Charity
Cwm Taf Uni Health Board
MIND
Bargoed Town Council
RIF Monmouth
RIF BG
RIF Caerphilly
ACW Invest/Reaching Further
ABUHB
Aneurin Leisure
Awards4All
Baring Foundation
CCBC Arts
CCBC Levelling Up
Dwr Cymru
GAVO: Further faster
GAVO: Nature Wellbeing
Monmouth TC: Session delivery
NCC: Raising Hope
Raising hope Community
Together Works (GAVO)		 1 April
2024
Incoming
resources
Resources
expended
Transfers
At 31 March
2025
£
£
£
£
£
1,300
-
-
(1,300)
-
6,953
-
(4,190)
(2,763)
-
2,044
93
(3,472)
1,335
-
36
-
(36)
-
-
2,289
-
(2,289)
-
-
900
-
(380)
-
520
122
-
(667)
545
-
-
-
(500)
500
-
-
4,807
(4,807)
-
-
-
4,275
(4,275)
-
-
-
4,270
(4,270)
-
-
-
13,365
(12,425)
-
940
-
630
(630)
-
-
-
700
(700)
-
-
-
12,040
(5,596)
-
6,444
-
17,377
(1,672)
-
15,705
-
9,210
(6,710)
-
2,500
-
1,063
-
-
1,063
-
3,000
-
-
3,000
-
1,330
(1,330)
-
-
-
2,700
(850)
-
1,850
-
1,030
(1,030)
-
-
-
5,209
(5,209)
-
-
-
4,964
(4,964)
-
-
-
3,375
(2,881)
-
494
13,644
89,438
(68,883)
(1,683)
32,516		 1 April
2024
Incoming
resources
Resources
expended
Transfers
At 31 March
2025
£
£
£
£
£
1,300
-
-
(1,300)
-
6,953
-
(4,190)
(2,763)
-
2,044
93
(3,472)
1,335
-
36
-
(36)
-
-
2,289
-
(2,289)
-
-
900
-
(380)
-
520
122
-
(667)
545
-
-
-
(500)
500
-
-
4,807
(4,807)
-
-
-
4,275
(4,275)
-
-
-
4,270
(4,270)
-
-
-
13,365
(12,425)
-
940
-
630
(630)
-
-
-
700
(700)
-
-
-
12,040
(5,596)
-
6,444
-
17,377
(1,672)
-
15,705
-
9,210
(6,710)
-
2,500
-
1,063
-
-
1,063
-
3,000
-
-
3,000
-
1,330
(1,330)
-
-
-
2,700
(850)
-
1,850
-
1,030
(1,030)
-
-
-
5,209
(5,209)
-
-
-
4,964
(4,964)
-
-
-
3,375
(2,881)
-
494
13,644
89,438
(68,883)
(1,683)
32,516
32,516

INSIDE OUT CYMRU

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

14
Restricted funds
Previous year:
At
Community Fund Wales
Caerphilly County Borough
Council
Newport City Council
Arts Council of Wales
GAVO
Chepstow Town Council
Gwendoline and Margaret
Davies Charity
Cwm Taf Uni Health Board
MIND
Bargoed Town Council		 (Continued)
1 April
2023
Incoming
resources
Resources
expended
Transfers
At 31 March
2024
£
£
£
£
£
8,589
-
(7,750)
461
1,300
-
13,309
(6,356)
-
6,953
735
-
(4,960)
4,225
-
-
14,413
(12,369)
-
2,044
-
9,500
(9,464)
-
36
-
960
(960)
-
-
-
3,000
(711)
-
2,289
-
1,200
(300)
-
900
-
1,500
(1,378)
-
122
-
1,200
(1,200)
-
-
9,324
45,082
(45,448)
4,686
13,644

INSIDE OUT CYMRU

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

14 Restricted funds

(Continued)

Community Fund Wales

Funding recieved from National Lottery Community Fund and Awards for All to cover staff salaries, artist and programme costs as well as arts and health programme.

Caerphilly County Borough Council

Funding received to cover programme support and artist costs.

Newport City Council

Funding received regarding the participatory budgeting programme.

Arts Council of Wales

Funding received from Art, Health, Wellbeing Lottery fund to cover Alzheimer's UK and ABUHB project, and from Sharing Together for Nurture Network, an artist wellbeing event.

GAVO

Funding received from Regional Integration Fund and Nature Wellbeing Fund to cover community workshops across Gwent.

Chepstow Town Council

Funding received to cover community workshops in Chepstow.

Gwendoline and Margaret Davies Charity

Funding received to cover Making Your Noise community music workshops in Bedwas.

Cwm Taf Uni Health Board

Funding received to cover Arts and Minds inpatient workshops in CTMUHB

MIND

Funding received to cover community workshops and public art installation at the Phoenix Centre.

Bargoed Town Council

Funding received to cover Welcome Spaces, community art workshops and warm hubs across Bargoed.

RIF Monmouth

Provided opportunities for people living with low level mental health challenges, additional needs or cognitive impairments, and their carers, to engage in bespoke creative activities to support their wellbeing and to reduce social isolation.

RIF Blaenau Gwent

Provided continued opportunities for people living with low level mental health challenges or cognitive impairments, and their carers, to engage in bespoke creative activities to support their wellbeing and to reduce social isolation.

RIF Caerphilly

Provided emotional and wellbeing support for adults living with low level mental-health challenges or cognitive impairments, their carers, to engage in bespoke creative activities to support their wellbeing and to reduce social isolation.

ACW Invest (Reaching Further)

Reaching Further - bespoke creative activities across Gwent for people living with dementia and their carers who had experienced barriers to access the arts.

Aneurin Bevan University Health Board

Arts activities and materials for Arts & Minds end-of-project sharing event.

Aneurin Leisure

Craft for Wellbeing activities for people with low-level mental health problems in Tredegar (via Libraries Service).

INSIDE OUT CYMRU

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

14 Restricted funds

(Continued)

Awards4All

Create: Community Champions - a creative wellbeing support and upskilling project, delivered in partnership with Blaenau Gwent CBC 'Building Resilient Communities', Fusion Torfaen and Torfaen Museum.

Baring Foundation

Nuturing Dads - a music for wellbeing project for dads across Blaenau Gwent, delivered in partnership with Flying Start Blaenau Gwent.

CCBC

Arts for Wellbeing activities in the community across Caerphilly Borough - Markham and Blackwood.

Dwr Cymru

Art for Wellbeing taster workshops in Parkinson's UK Community Support group members across Gwent.

Gavo: Further Faster

The sessions will be delivered for people experiencing poor mental health, and their carers. Sessions in Chepstow (Monmouthshire) and Bedwas Workmen's Hall (Caerphilly).

Gavo: Nature Wellbeing

'Move in Nature' and 'Eco-Creativity' creative wellbeing activities at Cefn Fforest Eco Park, delivered in partnership with CCBC's Nature Wellbeing Service.

Monmouth Town Council

'Together: We Make' Art for Wellbeing at the Bridges Centre.

Newport County Council: Raising Hope (Dementia)

Arts for Wellbeing for people with dementia and their carers, delivered in partnership with Alzheimer's Society UK and The Riverfront.

Newport County Council: Raising Hope (Community)

Craft for Wellbeing sessions for people with low-level mental health problems in the Newport Community, delivered in partnership with the Riverfront.

Together Works (GAVO)

Mural Design and Making Workshops to support community connection, identity and general wellbeing.

15 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April Incoming Resources Transfers At 31 March
2024 resources expended 2025
£ £ £ £ £
General funds 22,045 21,696 (15,967) 1,683 29,457

INSIDE OUT CYMRU

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

15
Unrestricted funds
Previous year:
At
General funds
16
Analysis of net assets between funds
At 31 March 2025:
Current assets/(liabilities)
At 31 March 2024:
Current assets/(liabilities)		 (Continued)
1 April
2023
Incoming
resources
Resources
expended
Transfers
At 31 March
2024
£
£
£
£
£
57,671
864
(31,804)
(4,686)
22,045
Unrestricted
Restricted
Total
funds
funds
2025
2025
2025
£
£
£
29,457
32,516
61,973
29,457
32,516
61,973
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
22,045
13,644
35,689
22,045
13,644
35,689

17 Related party transactions

1 trustee is a manager of Caerphilly CBC (Caerphilly Arts Development). The charity received £10,273 during the year from Caerphilly CBC (2024: £13,309).

The charity also paid invoices totalling £224 to Caerphilly CBC during the year (2024: £nil).

1 trustee that was appointed during the year received £200 for freelance work (2024: £605).

No amounts were outstanding at the year end (2024: £nil).

There were no other disclosable related party transactions during the year (2024 - none).