REGISTERED COMPANY NUMBER: 01914422 IEngland and Wales) REGISTERED CHARITY NUMBER: 1108303 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR TANIO LTD. Graham Paul Limited Court House Court Road Bridgend CF31 1BE
TANIO LTD. CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustees 1 to 6 Independent Examlner's Report Statement of Financial Activities Balance Sheet 9 10 10 Notes to the Financial Statements 11 to 20 Detailed Statement of Financial Activities 21 to 22
TANIO LTD. REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also directors of Ihe charity for the purposes of the Companies Act 2006, present their report with the financial statemènts of the charity for the year ended 31 March 2Q24. The trustees have adopted the provisions of A¢¢ounting and Reporting by Charities.. Ststement of Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (affective 1 January 2019). OBJECTIVES AND ACTIVITIES Objects of the Charity The Charity's objectives are.. for the benefit of Ihe public in Ihe Bridgend and surrcunding areas, in particular but not exclusively for the local community in Bettws (the area of the benefit), the advancement of education and training in the arts, the promotion of the arts by promoting and developing community events and performances to facilitate participation in the arts and the provi5ion$ of facililies for recreation and other leisure time occupalion in the interests of social welfare with the other object of improving tha conditlons of life for the inhabitants of the area of benefit.
TANIO LTD. REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES How the Charity is run Tanio is a Charity and a Company Lirnited by Guarantee. The Charity is Co-ordinated by our Chief Exe¢utive and managed by the Board of Directors that includes volunteers, local residents, professionals, and representatives of some of th8 clienl groups we work with. The Board of Directors delegates to the Chief Executive for the day to day co-ordination of the Charity. whose responsibilities include fiJndraising, artistic development, Staff line managemenl and professional development , overseeing the administration department to en3ure effeclive and efficient administration and finance systems for Ihe Charity, maintaining good practice and high quality work at all levels and working to ensure Ihat Ihe Charity meets its aims and objectives and follows its strategic plans as agreed with the Board of Directors, Thè Board of Directors meets at least 4 times a year and also Invitas funders, new contacts, staff and project workers lo attend lo encourage active debate around a range of issues that affect the Charity. The Charilvs Board of Directors are people with relevant knowledge, skills, experience and interest in the work of Tanio Limited. Induction includes the issue of a company handbook for the new Board members which details the roles and re3ponsibililies of Trustees and includes Articles of Association. Annual Reports, Organisational Policies and Procedures and other Televanl informalion. In addition, varioLJS training courses and opportunities are identified and offered to the Charitls Board of Directors where possible lo further develop the Charity. Our core staff team from April lo December 2023 consisted of a full time Chief Executive, a part lime Office and Finance Manager, part-time Programmes and Office Assistant, one part lime Prcje¢l Manager, one part time Digital Marketing Officer and a full time Programme Manager. all core funded by the Arts Council of Wales. Our Business Development Director was funded using Tanio's cash reserves during thls perSod bul it was agreed by the Trustees that she was to continue in this role from January 2024. Our part time Programmes and Office Assislant resigned in October 23 and our Prcjecl Manager contract ended in Dec 23. From January 2024 our Digital Marketing Officer ended her conlracl bul continued to work as a freelanr. All core funded by the ACW. We began our recruitment for an Office 2nd Progfamme Assistant and a Prograrnme Manager in February 2024, so Ihal we will begin the financial year 2024125 with a full team. Chris Lloyd's 'Filmmaker in Residence, conlract ended in March 2024. Additional granls, income and donalions have been ob18ined from Anthem Alsain Fund, Awen Cultural Trusl, 8AVO Social Isolation Grant, BCBC & Bridgend Loc21 Nature Partnership, Cwm Taf Morgannwg UHB, Urban Foundry Lld, Llais Y Goedwig Cwm Taf Nature Networks Programme, Ogmore CBC, Wales & Wesl Housing Association, Planllife International, Exchanges For All, Ysgol Cynwyd Sant Primary School, BBC Cymru, Impetus Dance, Bridgend Carers, YsgoS Gynradd Calon Y Cymoedd, Plan UK International, Age Cymru & Natural Resources Wales, Linc Cymru Housing Association Ltd, Postcode Community Trust, Welsh Government Communities Facilities Grant, Arts & Business Cymru Culture Step Programme. Ty Cerdd Lotlery Fund, ACW 'Create' Fund. Tanio also earns some income through sales of servlces, which is invested back into the charity. So¢ial investments The charity has the power to make any investment which the Truslees see fit.
TANIO LTD. REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Princlpal funding sources Some highllghts from the Arts and Health Programme 2023124 arè: Our'8reathlng Space. group5 have continued to thrive and grow and we now have 5 groups taking place in the Bridgend County and one in Pontypridd. they have been able Ic continue due to our core funding from the ACW but also through its successful partnerships with Awen Cultural Trust, Mental Health Matters Wales, Arts and Minds and CTMUHB. Our weekly creative sessions are free and are for health, wellbeing and happiness, building confidence and communication through creativity. Due to our continued success we are hoping to add another group at Maesteg in April 2024. 'Tune Up. our young people and music project for wellbeing funded by Anthem, Atsain fund prov8(I to be a success at Tanio in Bettws and at Maesteg Comprehensive School. The group in Bettws grew from strength to strength and il was lovely working with Ihe local young people who we have seen growing up over the last few years. They absolutely loved coming along every week singing and performing as a group. The young people at Maesteg stayed after school for the sessions and wcrked on song writing and music performan skills. 'Open Mlc, at Tanio fund8d by Ty C8rdd Engage fund was a monthly evening event held in our chapel space at Tanio HQ, Ihe sessions wera extremely successful, numbers growing every month, the projact has been all inclusive, friendly and 5UPPOrtive, with a diverse range of performers and audience members, giving people the opportunity lo come along, relax and have a sing song if they choose so, we're hoping to continue running them in the new financial year. Some hlghllghts from the Arts and the Environmont Programme 2023124 aro: Our 'Spring Forward Gold, project was funded by Natural Resources Wales in collaboration with Age Cymru and was aimed towards people over 50 to engage in our Forest Arts programme. Following Ihe success of Spring Forward wilh primary aged children, the programme was re-developed to suit older age groups. The sessions were held in green spaces in the Brldgend area. 'Winter Warmer for Famllies, was funded by BCBC & Bridgend Local Nature Parinership. We delivered forest arts workshops for families which took place at Ogmore Washeries every weekend throughout the Winter period. We used wellbeing tools teaching young people and their families about independence and empowerment in how they care for the environment. We had great attendance each week who really enjoyed leaming aboul forest arts as a family. Some highlights from our Special Projects and Events Programme 2023124 aré.. 'Th• Glant Who Never Slept, was funded by the ACW 'Create' Programme and was a roaring success, this show co-produced with Flcssy and Boo was a rousing outdoor theatre experience that built on last yearfs successful Treasure Trail. In 5 ouldoor locations across BCBC. nearly 300 participants made crafts, explored nature, and saw profession81 actors and storytellers deliver original stories that sparked the imagination. Our 'Summer Street Party, was another great success, Ihe sun was shining and over 100 people were in attendance enjoying live music, dancing, face paining and arts and crafts as well as Ihe BBQ. The event is quickly becoming a firm favourite in the Bettws calendar to kick off the summer. Gender Walk for PLAN UK'S #Change Her Story Conference - we worked with Plan UK'S Welsh division to curate a gender Walk for their evant at the Village Hotel. The athork was provided by young people from across Wa18s a5 was made lo highlighl the gender stereotypes placed on them from a young age. Each conference attend8e walked through the exhibition on either the girl or boys sid8 (which was decided by selecting a ball at a Gender reveal) and asked to consider what the young peop18 were telling them, when considering next steps and a vision for a Wales free of violence against Women and girls. It was a huge success, and the Gender Walk was very well received.
TANIO LTD. REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Reserve3 Policy and Risk management The Board of Trustees have estsblished a Reserves Policy to mitigate the risks identified in our risk assessmenl. i.e. sudden funding culs, delayed payments or other unforeseen financial problems. This Reserves Policy slates that any unrestricted funds held by the Charity which have nal been designated or inve51ed in fixed assets or investments should be set aside as free reserves. It has been agreed that the Charity should aim lo keep these reserves at a minimum of S months running costs plus close down costs. Tanio Limited have assessed the major risks to the Chariiy as detsiled in The Charity Commission guidelines and have put systems and policies in place where pos3ible to reduce exposure lo Ihese. Financial review During the year the charity raised £255,28112023'. £210,734> from the general public, government and olher agencies. Of Ihis £25,474 (2023.. £19.1191 was required lo generate these funds. Charitable expenditure amounted to £304,09312023: £220.970). The total resources expended during the year amounted lo £329,567 (2023: £240,089) which resulted in deficil of £21,543 (2023- £830 surplus). Unrestricted funds have b8en used as anticipated lo fund the deficit in the year. As agreed by the trustees, £22.500 of unreslricled reserves were used to cover the cost of the seconded Business Development Director to the end of Ihe calendar year 2024, as well as an additional £10,000 used to sustain the Breathing Space projects. After adding the deficit lo Ihe opening funds of £395.994 the funds cairied forward amounted to £374.451. Please not8 Ihal the £25,000 received In July 2023 from Postcode Community Trust is an unrestricted grant used for day to day Tanio expenditure over a period of 16 months. broken down as a monthly income of £1,500 for the year 23124 and continuing to 24125 at £1,825 per month until November 2Q24. FUTURE PLANS The Board of Trustees are pleased to have been involved in another excltlng year of growth at Tanio. Tanio has continued lo diversify without losing sight of ils core values. ACW Investment ReviewlBusiness Plan for the next >year multi-year funding 2024 to 2027 bid was successful bul unfortunalely did nol achieve the full amount requesled due lo funders financial pressures, This is a challenge, but the trustees are wnfidenl that this will alter. bul not significantly detract from the great work Tanio delivers. The Team at Tanio has many slrongths. they are innovative and flexible, and I'm sure they will find ways to deliver the work they have set out lo do. Al this point I would like lo say on behalf of the board of Irustees how impressed we have been by the quality and quanlity of creative work being delivered by such a small leam. We have seen first-hand Ihe positlve dlfference T8nlo m8kes to the people they have contact wilh. Tanio's local identity is now well established, and the community look forward to each event (even in the Tain). The numbers are increasing al each event, with many 'frequent flyers, and always new faces. 'Brealhing Space, is thriving and providing valuable support for many people. It Is now a proven model and 15 developing great partnership models for further expansion. We are ever evolving and the introduction of the 1-year Project Manager/ Business Development Director has proved successful and has allowed for a further restrudure with the recruilmenl for a new Programrne Manager, Arts and the Environm&nt and a Programmes and Office Assistant lo start in the new financial year. Sadly, Katrina stepped down from the board afler over 20 years of fantastic Service, from the establishment of Valley and Vale Arts. through to the transformation to Tanio. Katrina has been a constant throughout, and her humour, support and wisdom will be missed. We wish her well on her future adventure. On a positive nole, the board welcome three new members this year, each of whom provide extensive knowledge and experience from a variety of backgrounds which ¢an only enhance the offer the board has lo support Tanio. We also congratulate Kelly on her election as the new vice chair. Her enthusiasm and knowledge will help drive us forward.
TANIO LTD. REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The Charity is controlled by its goveming document, a deed of trust, and con8tilutes a Limited Company, Limited by Guarantee, as defined by the Companies Act 2006. The Trustees have exercised due regard to guidan¢e published by the Charities Commission on public benefit. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 01914422 {England and Wales) Rogi8teMd Charity number 1108303 Roglstered office Sardis Media Centre Heol Dewi Sant Bettws Bridgend CF32 8SU TrustO08 K Mably (Chair) K Kurow8kilVi¢e-Chair) (resigned S.9.231 L l Davies M5 K Bair (Vlce-chair) H Marshall T Dyer Mfs S Fowler (appointed S.12.23) A Wakeford (appointed 5.12.23) G Hill (appointed 5.12.23) Company Secretary Mrs M J Thomas Independent Examinor J Payne ACA Graham Paul Llmiled Court House Court Road Bridgend CF31 1BE Bankern Nat West Bank plc Barry Town Hall Branch 117 Holton Road Barry
TANIO LTD. REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 This report has been prep3red in accordance with the special provisions of Part 15 of the Companies Act 2006 relating lo small companies. Approved by order of the board of trustees on 3. 1 Da4r..J&24......... and signed on its behalf by.. K Mably (Chair) - Trustee
INOEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TANIO LTD. Independent examinerfs report to the trustees of Tanio Ltd. I'the Company,) report to the charily trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilities and basis of report As the charivs Irustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparalion of the accounts in accordance with the requiremants of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounls of the Company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in resped of my examination of your charitys accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Ad,). In carrying out my examination I have followed the Directions given by the Charity Commission under Seclion 145(51 (b) of the 2011 Act. Independent examinerfs ststement Since your charit¥s gros5 income exceeded £250,000 your examiner mu81 be a member of a listed body, I can confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of Ihe listed bodies. I have completed my examination. I confimi Ihal no matters have com8 to my attention in connection with the examination giwng me cause to believe.. accounting records were not kept in respect of the Company as required by Section 386 cf the 2006 Act., or the accounts do not accord wilh those records.. or the accounts do not Comply with Ihe accounting requirements of Section 396 of the 2006 Act other than any requirement that Ihe accounts give a true and fair view which is not 8 matter considered as part of an independent examination., or the accounts have not been piepared in accordance with the methods and principles of the Statement of Recommended Practice for accounling and reporting by charities (applicable lo charitie5 preparing thelr accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS 102)>. I have no concerns and have come across no other matters in connection wllh the examination to whlch attention should be drawn in this report in order to enable a proper understanding of the accounts to be Teached. J Payne ACA Graham P2uI Limited Court House Court Road Bridgend CF31 1BE Date..
TANIO LTD. STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT} FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 1,227 1,227 725 Charitable aetlvltles Operation of Arts Charity 211,630 42.424 254,054 210,009 Other trading activities Investment inccme 51,554 1,189 51,554 1,189 30,185 Total 265,600 42,424 308.024 240,919 EXPENDITURE ON Raising funds 25,248 226 25,474 19,119 Charitable activltles Operats'on of Arts Charity 249,421 54,672 304,093 220,970 Total 274,669 54,898 329,567 240,089 NET INCOMEI(EXPENDITURE) (9,069) (12,474) 121,5431 830 RECONCILIATION OF FUNDS Total funds brought forward 377,325 18,669 395,994 395,164 TOTAL FUNDS CARRIED FORWARD 368,256 6,195 374,451 395,994 The notes form part of these financial statements
TANIO LTD. BALANCE SHEET 31 MARCH 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted funds Restricted funds Notes FIXED ASSETS Tangible assets 159,814 159.814 169.375 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 600 9,495 205,275 600 9,495 211.470 600 5,251 234,665 6,195 215,370 6,195 221,565 240,516 CREDITORS Amounts tslling due within one year 12 16,928) (6,9281 (13,897) NET CURRENT ASSETS 208,442 6,195 214,637 228,619 TOTAL ASSETS LESS CURRENT LIABILITIES 368,256 6.195 374,451 395,994 NET ASSETS 368,256 6.195 374,451 395,994 FUNDS Unrestricted funds Restricted funds 13 388.256 e,195 377,325 1e,669 TOTAL FUNDS 374,451 395,994 The charitable company is entitled to exemption from audil under Secllon 477 of the Companie8 Act 2006 for the year ended 31 March 2024. The members have not required the company lo obtain an audit of it5 financial statements for the year ended 31 March 2024 in accordance wilh Section 476 of the Companies Act 2006. The trustees acknowledge Iheir responsibilities for (a) ensuring thal the charitable company keeps accounting records Ihal comply with Sectlons 386 and 387 of the Companies Act 2006 and preparing financial slalemenls which give a true and fair view of Ihe state of affairs of the charltable company as at the end of each financial year and of ils surplus or deficit for each financial year in accordance with the requirements of Seclions 394 and 395 and which otharwse cornply with the requirements of the Companies Act 2006 relating to financial 8lat8m8nls. so far as applicable to the charitable mpanY. (b) The notes form part of these financial statements
TANIO LTD. BALANCE SHEET- continuod 31 MARCH 2024 These financial statements have been prepared in accordance with the provisions applicable to charitable companie5 subject lo the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by.. K Mably (Chair) - Trustee The notes form part of these financial statements
TANIO LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benafrt entity under FRS 102, have be8n prepared in accordance with the Charities SORP (FRS 102} 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2015)., Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Acl 2006. The financial statements have been prepared under the historical cost convention, as modified by the r8valuation of certain assets. Income All income Is recognised in the St8lement of Financial Activities once the charty has entitlemenl lo the funds, it is probable thal the income will be received and the amount can be measured lIablY. Grant income is recognised under the performance model in accordance with FRS 102 as follows.. A grant is recognised in income when the grant proceeds are received (or receivable) provided that the terms of the grant do not impose future performance-related conditions If the terms of a grant do impose performance-relaled conditions on the recipient, th8 grant is only recognised in income when the performance-relaled conditions are met. Any grants that are received before the revenue recognition criteria are met ara recognlsed in the entity's financial statements as a liability. Expenditure Liabilities are recogni88d a5 expenditure as soon as there is a legal or construdive obligation committing the charity to that 8xpendilure, it is probable that a transfer of economic benefils will be required in seltlemenl and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings thal aggregate all cost related to the category. Where costs cannot be directly allribuled to particular headings they have been allocated to activities on a basis consislenl with the use of resources, Tangible fixed a8sets Tangible fixed assets a stal8d at cost less accumulated depreciation and accumulated impairment losse$. Cost includes the original purchase price, plus any costs directty altribulable to bringing Ihe asset lo its working condition for inlended use. Depreciation 1$ provided at the followlng annual rates in order lo write off each asset over its estimated useful life. Fixtures and fittings Motor v8hi¢les 25QA on Gost Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Taxation The charity is ex8mpt from corporation lax on its Charitable adivities. Fund aecounting Unrestricted funds Can b8 used in accordance with the charitabla objectives at the discrelion of the trustee5.
TANIO LTD. NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES - continued Fund accounting Restricted funds can only be used for particular restricted purposes within the objecls of the charity. Restrictions arise when specifiod by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial slalemenls. Pension costs and other post-retsrement benefits The charilable company operates a defined contribution pension scheme. ContribLrtions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. OTHER TRADING ACTIVITIES 31.3.24 31.3.23 Earned income 51,554 30,185 INVESTMENT INCOME 31.3.24 31.3.23 Deposit account interest 1,189 RAISING FUNDS Raising donations and legacie8 31.3.24 31.3.23 Advertisin9 and publicity Travelling costs Support cosls 7,128 5,303 13,043 6,501 1,225 11,393 25,474 19,119 NET INCOMEIIEXPENDITUREI Net incomellexpendilurel is slated after chargingl(crediting): 31.3.24 31.3.23 Depreciation - owned assets Independent Examiners Fees - Accounts Independent Examiners Fees- Olher 10,054 2.510 1.142 11,087 2,200 1,040 -12-
TANIO LTD. NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no trLJStees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Tru9teas' expens?s No trustees, expenses were paid for the year ended 31 March 2024 (2023 £1,410>. STAFF COSTS 31.3.24 31.3.23 Wages and salariès Social security Costs Other pension Costs 150,920 8,191 7,466 119,892 1,570 5,462 166.577 126,724 The average monthly number of employees during the year was as follows.. 31.3.24 31.3.23 Average number of staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restrlcted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacie5 725 725 Charitable activities Operation of Arts Charity 185,302 24,707 210,009 Other trading activities 30,185 30,185 Total 216,212 24,707 240,919 EXPENDITURE ON Raising funds 18.930 189 19,119 Charftable actlvitiès Operation of Arts Charily 200,880 20,090 220,970 Total 219,810 20,279 240,089 NET INCOMEI(EXPENDITURE) Transforg between funds (3,598) <1.221) 4,428 1,221 830 Net movement in funds (4,819) 5,649 830
TANIO LTD. NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - Continuod Unrestricted Restri¢led funds fund3 Total funds RECONCILIATION OF FUNDS Tolal funds brought fOard 382,144 13,020 395,164 TOTAL FUNDS CARRIED FORWARD 377,325 18,669 395,994 TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Totals COST Al 1 April 2023 Additions 200,000 8e.514 493 286,514 493 Al 31 March 2024 200,000 87,007 287.007 DEPRECIATION Al 1 April 2023 Charge for year 40,000 4,000 77,139 6,054 117,139 10,054 Al 31 March 2024 44,000 83,193 127,193 NET BOOK VALUE At 31 March 2024 156.000 3.814 159,814 At 31 March 2023 160,000 9,375 169,375 10. STOCKS 31,3.24 31.3.23 Stocks 600 800 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade debtors Other debtor5 Prepayments and accrued income 9,495 3,096 92 2,063 9,495 5,251 -14-
TANIO LTD. NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade ¢reditors Social security and other taxes Other creditors Accnjals and deferred income 848 2,696 984 2,400 5.980 3,157 2,560 2,200 6.928 13,897 13. MOVEMENT IN FUNDS Net movemenl in funds At 1.4.23 At 31.3.24 Unre9tricted funds Earned income Designated funds Postcode Community Trust 97,325 280,000 (18,0691 (4,0001 13.000 79,258 276,000 13,000 377,325 (9,0691 368,258 Restricted funds Breathing Space 'Creative Connections, Spring Forward. Emotional Literacy through Forest Arts Artist in a Residence and Volunteer Policies Sony Organisalion and Clear Out Breathing Space, Bet$ Breathing Space, Poniypridd Earth Hour 2022- Promises to the Plant Mural Capel Cwt8h Celf a Cinio Earth Hour 2023 Big Tanio Easter 2023 Tune Up Arts & Bu8iness- Cullure Step 362 (362) 4,163 1608) 3,555 3,085 1,300 500 500 (3,0851 (1,300} (500) (500) 124 2,295 (124) (2,295) 68 (293) {1881 (5,85SI 2,574 66 293 188 5,859 2,574 18,869 112,474) 6,195 TOTAL FUNDS 395,994 (21.543) 374,451
TANIO LTD. NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 13. MOVEMENT IN FUNDS - Continued Net movement in funds, included in the above are as follows= Incoming resources Resources expended Movement irb funds Unro8tri¢ted funds Earned income Designat8d funds Poslcode Community Trust 240,600 1258.669) 14,0001 (12,000) (18.t169) (4,000) 13,000 25,000 265,600 (274,669) (9,069) Restricted funds Breathing spa 'Cr88live Conneclions, Spring Forward.. Ernotional Lileracy through Forest Arts Artist in a Residence and Volunteer Policies Sony Qrganisation and Clear Out Breathing Space, Bettws Breathing Space. Pontypridd Earth Hour 2022- Promises to the Plant Mural Capel Cwtsh Celf a Cinio Earth Hour 2023 8ig Tanio Easter 2023 Tune Up Arts & Business- Culture Step Ty Cerdd - Open Mic VVel8h Government- Communilles Facilities Programme ACW Lottery'create, Fund (362} 1362) (608) (608) 13,085} {1,300} (500) (500) (3,0851 (1.3001 15001 1500) (124) (2,295) (934) (293) 11881 (5,8591 (7261 (1,449> (1241 (2,2951 66 (293) (188) 15,859) 2,574 1,000 3,300 1,449 14,000 22,675 (14,000) (22,675) 42,424 {54,898) (12.474) TOTAL FUNDS 308,024 (329,567) {21,543) -16-
TANIO LTD. NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 13. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net movement in funds Transfers between funds At 31.3.23 At 1.4.22 Unrestrlcted funds Earned income Designated funds 262,144 120,000 (3,598) (161,221) 160,000 97,325 280,000 382,144 (3,598) <1,221) 377,325 Restrlcted funds Buttertly Garden Outdoor Arts for Young People Breathing Space 'Creative Connections, Spring Forward.. Emotional Literacy through Forest Arts Artist in a Residence and Volunteer Policies Sony Organisation and Clear Out Breathing Space, BetS Breathing Space, Pontypridd Earth Hour 2022- Promises to the Plant Mural Winter Warmer Climate Change Toolkit Cultural Cwtsh Capel Cwtsh Celf a Cinio Eat Your Art Out Earth Hour 2023 Big Tanio Easter 2023 Tune Up 284 200 (284) {200) 362 362 5,175 (1,012) 4,163 3,085 1,300 500 500 3,085 1,300 500 500 760 (636) 124 500 354 (50D) (354) 2,295 (3) (1,218) 293 188 5,859 2,295 1,218 293 188 5,859 13,020 4,428 1,221 18,669 TOTAL FUNDS 395,164 830 395,994 -17- continued..-
TANIO LTD. NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 13. MOVEMENT IN FUNDS - contlnued Comparative net movement in funds. included in the above are as follows.. Incoming reSoUrS Resources expended Movement in funds Unrestricted funds Earned income 216,212 <219,810) {3,598) Restrlcted funds Buttertly Garden Outdoor Arts for Young People Spring Forward.. Emotional Literacy through Forest Arts Earth Hour 2022 - Promises to the Plant Mural Winter Warmer Climate Change Toolkit Cultural Cwtsh Breathing Space (Nantymoel) Capel Cwtsh Celf a Cinio BAVO Summer of Fun Eat Your Art Out Spring Forward Golé - Forest Arts for Over 50s Earth Hour 2023 Big Tanio Easter 2023 Tune Up (284) (200) {2841 {2001 1,554 (2,566) (1,012) (636) {636) (500) (354) (900) (5,205) (1,653) (750) (3,7181 {500) (354) 900 7,500 1,650 750 2,500 2,295 (3) {1,218) 2,063 675 500 6,615 (2,063) (382) (312> (756) 293 188 5,859 24,707 (20,279) 4,428 TOTAL FUNDS 240,919 (240,089> 830 Designated funds of £276,000 represent the net book value of the propety of £156,000, future contingency costs related lo redundancy of £24,000, six months running costs of £86,000 and planned building maintenance costs of £10,000.. Restricted funds can be described as follows.. 1. Breathing Space 'Creative Connections, Grant provided by Interllnk RCT Integrated Care Fund to provide delivery of weekly arts for health and well-being workshops and training. 2. Spring Forward: Emotional Literacy through Forest Arts - Grants provided by Interlink RCTICTMHB Mental Health Covid Response Grant to deliver Spring Forward programmes in Primary schools in the BCBC area. 3. Artist in a Residence and Volunteer Policies Grant provided by Voluntary Action Merthyr Tydfil for an Artist in Residence project plus Volunteer Policy and Training Package 4. Sony Organisation and Clear Out - Grant provided by BAVO to fund equipment for our Forest Arts workshops at Sony Environmental Centre as well as sorting and organising the equipment and supplies. -18- continued...
TANIO LTD. NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 13. MOVEMENT IN FUNDS- continued 6. Breathing Space, Ponlypridd - Grant provided by Interlink RCT lo provide transport for our Breathing Space participants in our Pontypridd well-being group. 7. Earth Hour 2022.. Promises to the Plant Mural - Grant provided by WWF Cymru create a community athork featuring promises for a greener future. 8. Capel Cwtsh - Grant provided by Moondance Foundation to run a Warm Hub at Tanio in the heart of Betlws. 9. Celf a Cinio - Grant provided by BAVO lo hold a creative ward hub at Tanio where participants wlll have a warm meal and creale artwork in a wam and welcoming environmenl. 10. Earth Hour 2023 - Grdnt provided by WWF Cymru lo celebrate Earth 2023 in the community of Bets. 11. Big Tanio Easter 2023 - Grant provided by Tesco Community Grarrts for our Easter event at Tanio HQ April 2023. 12. Tune Up - Grant provided by Anthem, Atsain fund to work with young people to give acces8 to creative music activities ad songwriling alongside support for wellbeing and menlal haallh. 13. Arts & Busines$ - Culture Slep - Grant provided Mostly by Linc Cymru Housing A550ciation Ltd with additional funding from Arts & Business Cymru via their'cullural Step Programme., This money was provided for the 'What Once Stood, heritage projecl working with members of the cornmunity and Imo professional artists to create large scale mosaics that Capture stories, memories 2nd h8ritage of two buildings in the Neath Port Talbol area that are being demolished. 14. Ty Cerdd - Open MIC - Grant providèd by Ty Cerdd Engage fund lo hold a monthly evening event held in tha chapel spac8 at Tanio HQ, an inclusive, friendly and supportive group wlth a diverse range of performers and audience members, giving people the opportunity lo come along, relax and have sing song if they choose lo. 15. Welsh Government - Renovations in the chapel $p8ce at Tanio HQ were funded by Welsh Government's Communities Facilities Programme, allowing improvement and repair of the space whlch included new windows and flooring, a damp proof cours8 and other refurbishments. 16. ACW Lottery- Create Programm8-'The Giant Who Never Slepi, was funded by ihe ACW 'Creale' Programme. This show, co-produced by Flossy and Boo, was a lousing outdoor theatre experience, performed at 5 locations across BCBC. A story trail Ihat led the audience around the beautiful spaces, through story telling, craft and cutdoor adventure. -19-
TANIO LTD. NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 14. RELATED PARTY DISCLOSURES There were no relaled paty transactions for the year ended 31 March 2024. 15. ULTIMATE CONTROLLING PARTY The charitable company is controlled collectivety by its trustees. 16. GRANTS AND PROJECT FUNDING The charitable company benefitted from the following significant grants and project funding (> £5,000) received in Ihe year.. 2024 2023 Arts Council ofwales Portfolio Grant Awen Cultural Trust- Breathing Space The Moondance Foundation - Capel Cwtsh Anthem Atsain Fund- Tune Up Postcode Community Trust Welsh Government Communities Facilities Fund ACW Lottery'create, Fund 186.630 10,000 185,302 10.750 7,500 8,615 25,000 14.000 22,675 -20-