Company reglstratlon number: 01914422 Charlty reglstration number: 1108303 TANIO LTD. TRusfEES' REPORT AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Gordon Down Accountants Temple Court 13a Cathedrnl Road Cardiff CFI19HA
Tanio Ltd. Contents Page Trustees, Report Independent Examiner's Report Statement of Financial Activities (including Income and Expenditure Account) Comparative Statement of Financial Activities (including Income and Expenditure Account) Balance Sheet io-ii Notes to the Financial Statements 12-20 The following pages do not form part of the statutory accounts: Detailed Statement of Flnanclal Actlvltles (Includlng Income and Expendlture Account) 21-27
Tanio Ltd. Company No. 01914422 Trustees, Report For The Year Ended 31 March 2025 The trustees present thelr report and the flnanclal statements for the year ended 31 March 202S. Objectlves and Actlvltles Publlc Benefit The Chartty's objectlves are: for the benefit of the publlc In the Brldgend and surrounding areas, In partlcular but not excluslvely for the local communlty In Bettws (the area of the benefit), the advancement of education and tralnlng In the arts. the promotlon of the arts by promotlng and developlng communlty events and performances to facllltate partlclpatlon In the arts and the provlsions of facilities for recreation and other lelsure tlme occupatlon In the Interests of social welfare with the other object of Improvlng the condltlons of Ilfe for the Inhabltants of the area of benefit. The trustees have adopted the provlslons of Accounting and Reportlng by Chadtles: Statement of Recommended Practlce appllcable to charltles preparlng thelr accounts In accordance wlth the Flnanclal Reportlng Standard appllcable In the UK and Republic of Ireland (FRS 102) (effectlve l January 2019). Achlevements and Performance Maln Achlevements How the Charlty Is run Tanlo Is a Charlty and a Company Llmlted by Guarantee. The Charity is co-ordinated by our Chlef Executlve and managed by the Board of Dlrectors that includes volunteers, local residentsi professlonals, and representatlves of some of the cllent groups we work wlth. The Board of Dlrectors delegates to the Chief Executlve for the day to day co-ordination of the Charity, whose responslblllties Include fundralslng, artlstlc development, staff Ilne management and professional development , overseelng the admlnlstratlon department to ensu effectlve and efflclent admlnlstratlon and flnance systems for the Charltyi maSntainlng good practlce and hlgh quallty work at all levels and worklng to ensure that the Charity meets Its alms and objectlves and follows Its strateglc plans as agreed wlth the Board of Dirertors. The Board of Dlrectors meets at least 4 tlmes a year and also Invltes funders, new contacts, staff and projett workers to attend to encourage actlve debate around a range of Issues that affert the Charity. The Charlty's Board of Dlrectors are people with relevant knowledge, skllls, experlence and Interest In the work of Tanlo Llmlted. Inductlon includes the issue of a company handbook for the new Board members whlch detalls the roles and responslbllities of Trustees and Indudes Artlcles of Assoclatlon, Annual Reports, Organlsatlonal Pollcles and Procedures and other levant Informatlon. In addStlon, varlous tralnlng courses and opportunltles are Identlfied and offered to the Charlty's Board of Dlrectors where possible to further develop the Charlty. Our core staff team conslsted of a full tlme Chlef Executlve, full tlme Buslness Development Directori part tlme Office and Flnance Manager, part-tlme Programmes and Offlce Asslstant, and two full time Programme Managers, all core funded by the Arts Councll of Wales. ..CONTINUED Page I
Tanlo Ltd. Trusteas. Report (contlnued) For The Year Ended 31 March 2025 Maln Achlevements - contlnued Addltlonal grants, income and donatlons have been obtained from Anthem Atsaln Fund, Awen Cultural Trust, BAVO BCBC Warm Hub Grant Scheme, BCBC & Brldgend Local Nature Partnershlp, BCBC UK Shared Prosperlty Fund, BCBC Employability Bridgend, Cwm Taf Morgannwg UHB, cfMUHB Short Break FundSng, Exchanges For All, Employability Bridgend. Coleg Cymunedol Y Dderwen, Tuvida Bridgend Carers, Ysgol Gynradd Calon Y Cymoedd, Linc Cymru Houslng Assoclatlon Ltd, DTA Wales, Cwmpas, Hale Constructlon, KPC Youth, Baobab Bach, Ty Cerdd, Postcode Communlty Trust, Arts & Business Cymru Culture Step Programme, ACW Fast Track Learnlng Initiative, ACW Lottery. Soclal Investments The charlty has the power to make any Investment whlch the Trustees see flt. Flnanclal Revlew Flnancial Posltlon Some highlights from the Arts In Health 2024-2025 pramMe are: Breathing Space Ignlte: Our'Breathlng Space, programme became'Breathlng spa Ignlte (BSI), thls year, thanks to new fundlng from ACW. Each BSI group has thrlved and grown, wlth approxlmately 70 people per week accesslng the ser¥Sce In Its 7 locations. The Impact of the projert Is belng measured through an exdtlng new evaluatlon model called Most Slgnlficant Change, whlch speclfically hlghllghts the stories and words of people taklng part In 'Breathlng Space Ignlte. to tell thelr own storfes of what the seNlce means to them. We antlclpate the robust and movlng final evaluatlon to be completed In the next few months. Connectlng Carers: Worklng In partnershlp wlth Cwmpas. we have created a programme called 'Connectlng Carers,. which provldes resplte, connectlon, and empowerment to adult unpald carers across Brldgend County. Dellvered In 2 locatlons In phase I, and 6 locatlons In phase 2, 'Connectlng Carers. has qulckly become a Ilfellne for carers, who have bullt frlendshlps wlth fellow partlclpants and have dlscovered thelr own creatlve autonomy. The first two phases of the projert were each celebrated wlth sharlng events that showcased the partlclpants artwort(, and allowed them to meet pollcy makers and local support workers who can help them In thelr everyday Ilves. The partlclpants worked wlth slngerlsongwrlter Matthew Frederick to wrlte an emotional anthem: 'Who Cares?, Tanlo took part In creating a speclal music video for the song, produced by Cholrs For Good, that gave the carers themselves a direct platfonn to express themselves. There are plans for the project to be continued Into phase 3, beglnnlng In September 2025. Some hlghll9hts from the Arts and the Environment 2024-2025 programme are: Sprlng Fonyard for Families: Our Forest Arts provision saw another opportunlty for Intergeneratlonal engagement wlth our'spring Forward for Famllies. sesslons. Partlcipants took part as famlly unlts, explorlng the woodland and growing In emotional literacy together. Famllles were coached and encouraged through techniques for discussing tough topics. Importantly. and without Tanlo speclflcally alming for the audlence, a larye amount of neurodlverse chlldren took part with thelr slbllngs and parents, showcasing how effective Forest Arts is for people who thlnk and Interact In a range of ways. Cymmer Prlmary School: Through support from Linc Cymru/Pobl Group. Tanio engaged wlth Cymmer PrSmary School In Porth to enrich outdoor spaces for student leamlng and play. Worklng dlrectly wlth puplls In the school, two artists created a large-scale mural and a wlllow Installatlon on the school's slte. The chlldren's artwork has become the focus of the outdoor space, wlth parents, staff, and local stakeholders pralslng its creativity and unlqueness. More creatlve work at Cymmer Prlrnary Is scheduled to take place In the 2025-2026 school year. Page 2 ..CONTINUED
Tanlo Ltd. Trustees. Report (contlnued) For The Year Ended 31 March 2025 Flnancial Posltlon - contlnued Some highlights from the Special Project and Events 2024-2025 programme arn: What Once Stood: Our'what Once Stood. project (In partnershlp wlth Unc Cymru/Pobl Group) saw hundreds of people taklng part In Tanlo's creatlve artlvltles durlng August 2024. We hlred an unused shopplng space In Port Talbot's Aberafan Shopping Centre, and hosted an entlre month's worth of creatlve actlvltles. Each day, new people engaged wlth us, Jolnlng In wlth famlly-frlendly craftlng, slnglng, danclngi drummlng, and more. The overall aim of the project was to work with the community to cate a mosalc, capturlng the prlde of local landmarks and commemoratlng Lower Dyffryn Sthool, a much-loved prfmary school that was attended by generatlons of Port Talbot resldents. When the derellct school was dernolished to make way for a new housing estate, local folks We devastated and angry; working wlth Tanlo to express thelr feellngs creatively, and helping to make a beautiful mosalc with tlles pulled dlrectly from the school, proved to be a cathartlc and upllftlng att of communlty heallng. CHOOSE//DEWIS: Bettws's young people have grown exponentlally In confidence, compasslon, and skill thmugh working wlth Tanlo, and thls has never been on better dlsplay than on 'CHOOSE//DEWIS.' Funded by BCBC with the alm of educatlng young people about local democracy. 'CHOOSE//DEWIS' was an opportunlty for young people In Bettws and surroundlng vlllages to create their own origlnal muslcal theatre plece on themes of government. Young people who we have known for years, and who prevlously would never have thought about perfomilng In front of a crowd. workshopped and devlsed an orlglnal story about advocatlng for 'Better Buses for Bettwsll The musical performantr, complete wlth orlglnal songs, was performed to a packed crowd at Tanio HQ in January; the audlence Included members of Senedd staff, as well as local lawmakers and members of the community. Free year-round famlly events: Tanlo's programme of free year-round famlly events continues to grow and shine, brlnging hundreds of people to Tanio's slte each year, and growlng our reputatlon, trust, and engagement wlth local people. From the Summer Street Party to Nadolig Tanio, the Rubblsh Orchestra to the Halloween Hullabaloo, we are constantly adaptlng our provlslon - we grow what works well, and re- Imaglne what could be done better. Our commitment to provldlng hlgh quallty events on people's doorsteps remalns a top prlortty for us, and has now begun to Include an Important remlt of feedlng people, as we know that food poverty Is rife in the area, and we can provlde low- or no-cost optlons to feed our community. Future Plans Trustees statsment 2024125 The Board of Trustees are pleased to have been involved In another exciting year of development at Tanio. Tanio has continued to dlversify wlthout losing slght of its core values, worklng wlth the local community and the expandlng further across South Wales. Coproductlon and partnership worklng are now embedded in the culture at TanS0. Through this we are athleving even greater success In securlng funding and the array of projects we are deliverlng. The variety of projects undertaken this year Is fantastlc. The CEO'S reports have come to life through the use of photos and the common thread that we should not lose sight of In all the events and projects, is the smiles on the faces of the participants and facllltators. Our wort( has been described as "soclal prescrlptlon that Isnt prescrlbed" and thls ethos stands Tanlo out from other providers. The flnanclal landscape we operate In Is challenglng, but we malntaln the quallty of provlslon on all our projects. Strong leadership, talented staff and fortitude are a constant, and by belng flexlble we have overcome barrlers and focused on solutions. We are art at heart, and the spark that Ignltes passlon In art for all our partlcipants. Page 3
Tanlo Ltd. Trustees. Report (continued) For The Year Ended 31 March 2025 structure, Governance and Management Governlng Document The Charlty Is controlled by its governlng document. a deed of trust, and constltutes a Llmlted Company, Limited by Guarantee, as defined by the Companies Act 2006. The Trustees have exerclsed due regard to guldance publlshed by the Charltles Commlsslon on publlc beneflt. Reference and Administrative Details Trustees Ms Lauren Davles Mr Tom Dyer Mrs Sybll Fowler Mr Graham Hlll Mr Kevln Mably - Chalr (resSgned 2610912025) Mr Huw Marshall Mr Adam Wakeford Ms Kelly Barr - Chalr (appolnted 3010912025) Company Secretary Ms Mellssa Thomas Charlty Number 1108303 Company Number 01914422 Reglstered Office Sardis Media Centre Heol Dewi Sant, Bettws Bridgend Mld Glamorgan CF32 8SU Independent Examlner Laurence Cohen FCA Gordon Down Accountants 13a Cathedral Road Cardlff CFII 9HA Page 4
Tanlo Ltd. Trustees. Report (contlnued) For The Year Ended 31 March 2025 Small Company Rules The trustees who are also dlrectors of the charity for the purposes of the Companies Art 2006, present thelr report with the financlal statements of the charlty for the year ended 31 March 2024. The trustees have adopted the provlsions of Accounting and Reporting by Chae$. Statement of Recommended Practlce applicable to charlties preparing their accounts in accordan with the Flnancial Reporting Standard applicable In the UK and Republic of IreSand (FRS 102) (effective l January 2019). The t stees, report was approved by the board of trustees and slgned on Its behalf by: elly Barr Chalr 0311212025 Page 5
Tanlo Ltd. Independent Examiner's Report to the Trustees of Tanlo Ltd. For The Year Ended 3 1 March 2025 I report to the charlty trustees on my examinatlon of the accounts of the Company for the year ended 3 1 March 2025. Responsibilitles and Basls of Report As the charlty trustees of the Company (and also Its dlrertors for the purposes of company law), you are responslble for the preparatlon of the accounts In accordance wlth the requlrements of the Companles Act 2006 {"the 2006 Act"). Havlng satlsfled myself that the accounts of the Company a not requlred to be audlted under Part 16 of the 2006 Act and are ellglble for Independent examlnatlon. I report In respect of my examlnatlon of your charlty's accounts as carrled out under section 145 of the CharStles Act 2011 ('the 2011 Act.). In carylng out my examlnatlon I have followed the Directions glven by the Charlty Commlsslon under sectlon 145(5) (b) of the 2011 Act. Independent Examlner's Statement Slnce the Company's gross Income exceeded £250,000 your examlner must be a member of a body Ilsted In sectlon 145 of the 2011 Act. I confirm that l am qualSfied to undertake the examlnatlon because l am a member of The InstStute of Chartered Accountants In England and Wales, whlch 5s one of the Ilsted bodles. I have completed my examlnatlon. I confirm that no matters have come to my attentlon In connectlon wlth the examlnatlon glvlng me cause to belleve: l. accountlng records were not kept In respect of the Company as requlred by sectlon 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply wlth the accounting requlrements of sectlon 396 of the 2006 Act other than any requlrement that the accounts glve a 'true and fair view, whlch Is not a matter considered as part of an Independent examlnatlon; or 4. the accounts have not been prepared In accordance wlth the methods and principles of the Statement of Recommended Practice for accounting and reporting by charltles appllcable to charltles preparing their accounts in accordance with the Financial Reportlng Standard appllcable In the UK and Republlc of Ireland (FRS 102}. I have no concerns and have come across no other matters In connectlon wlth the examlnatlon to whlch attentlon should be drawn in this report in order to enable a proper understandlng of the accounts to be reached. Laurence Cohen FCA 3010912025 Gordon Down Accountants 13a Cathedral Road Cardlff CFII 9HA Page 6
Tanio Ltd. Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025 2025 Total funds 2024 Total funds Unrestricted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Charltable activities: Operation of Arts and Charity Breathlng Space 'April May 2024, Breathing Space 'September - March 2025, 2,310 2,310 1,229 224,059 27,109 3,500 251,168 3,500 254,054 16,400 16,400 Choose Dewis Spring Forward: Emotional Literacy through Forest Arts Connecting Carers - Phase 2 Brackla Fun Day - Easter Crafting for Carers Cwm Taf Morgannwg UHB - Short Break Funding RIF Connecting Carers - Phase I Celf a Clnlo Olymplcs Arts & Crafts Workshop Food & Fun (Creatlve arts w/shops) Cymmer Primary School Linc Cymru Housing Assoclation Rubbish Orchestra TikTok Workshops KPC Youth What Once Stood Other trad ing activitles Investments Other 24,445 24,445 5,700 5,700 24,875 500 24,875 500 6,500 6,500 24,358 1,750 250 250 24,358 1,750 250 250 6,000 6,000 1,500 750 4,810 1,500 750 4,810 9,757 1,129 1,300 9,757 1,129 1,300 50,254 1,189 1,300 238,555 148,697 387,252 308,026 EXPENDITURE ON: Raising funds Charltable actlvities: Operatlon of Arts and Charity Breathlng Space 'Aprll - May 2024, Breathing Space 'September - March 2025, Choose Dewis Connecting Carers - Phase 2 Brackla Fun Day - Easter Crafting for Carers Cwm Taf Morgannwg UHB - Short Break Funding RIF (630) (630) (25,476) (241,408) (14,014) (255,422) (303,928) (4,595) (6,130) (10,725) (20,962) (20,962) (9,581) (9,581) (11,068) (11,068) (48) {48) (3,992) (3,992) ..CONTINUED Page 7
Tanio Ltd. Statement of Financial Activities (including Income and Expenditure Account) (continued) For The Year Ended 31 March 2025 Connecting Carers - Phase I Celf a Cinio Olympics Arts & Crafts Workshop Food & Fun Halloween Event Nadolig Tanio Cymmer Primary School Linc Cymru Housing Association Rubbish Orchestra Sbri Spring TikTok Workshops KPC Youth Summer Tik Tok What Once Stood Tanio 5th Birthday Party Tanio Away Day Spring Forward for Families Intense Welsh learning Course Outdoor Cinema Summer Street Party Taylor Swift Event Wreath Making Xmas 2024 Summer Beach Trip Nordlus Junior Project 'Building Bridges, Go and See Micro Grant (11,739) (11,739) (1,325) (1,325) (225) (225) (234) (234) (532) (3,025) (165) (532) {3,025) (4,899) (4,899) (1,879) (574) (1,500) (3,379) (574) (700) (175) (13,160) (13,160) (2,353) (2,823) (1,850) (523) (2,656) (2,656) (1,659) (1,659) (72) (72) (ioo) (ioo) (280) (280) (96) (96) (296) (296) (263,153) (101,950) (365,103) (329,569) (24,598) 22,149 (21,543) (3,604) (28,202) (700) (175) (2,353) (2.823) (1,850) (523) NEf INCOME/(EXPENDITURE) Transfers between funds 46,747 3,604 19 MOVEMENT IN FUNDS 50,351 22,149 (21,543) RECONCILIATION OF FUNDS: Total funds brought forward 368,256 6,195 374,451 395,994 TOTAL FUNDS CARRIED FORWARD 19 340,054 56,546 396,600 374,451 The notes on pages 12 to 20 form part of these financial statements. Page 8
Tanio Ltd. Comparative Statement of Financlal Activities {including Income and Expenditure Account) For The Year Ended 31 March 2025 2024 Total funds Unrestricted RestrScted funds funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Charitable activities: Operatlon of Arts and Charity other tradi ng activities Investments Other 1,229 1,229 25,000 40,254 1,189 1,300 229,054 10,000 254,054 50,254 1,189 1,300 68,972 239,054 308,026 EXPENDITURE ON: Ralslng funds Charitable activities: Operation of Arts and Charity Olymplcs Arts & Crafts Workshop (14,850) (10,626) (25,476) (63,191) (240,737) (303,928) (165) (165) (78,041) (251,528) (329,569) (9,069) (12,474) (21,543) EXpENDVRE NEf MOVEMENT IN FUNDS (9,069) (12,474) (21,543) RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 377,325 18,669 395,994 19 368,256 6,195 374,451 The notes on pages 12 to 20 form part of these financlal statements. Page 9
Tanio Ltd. Balance Sheet As At 31 March 2025 2025 Total funds 2024 Total funds Unrestricted Restricted funds funds Notes FIXED ASSETS Tangible Assets 13 153,431 153,431 159,814 153,431 153,431 159,814 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 14 15 600 14,605 199,810 600 14,605 256,356 600 9,495 211,470 56,546 215,015 56,546 271,561 221,565 Creditors: Amounts Falling Due Within One Year 17 (28,392) (28,392 ) (6,928 ) NET CURRENT ASSETS (LIABILITIES) 186,623 56,546 243,169 214,637 TOTAL ASSETS LESS CURRENT LIABILITIES 340,054 56,546 396,600 374,451 NET ASSETS 340,054 56,546 396,600 374,451 FUNDS OF THE CHARITY Restricted Funds Unrestricted Funds 56,546 340,054 6,195 368,256 TOTAL FUNDS 19 396,600 374,451 Page 10
Tanlo Ltd. Balance Sheet (contlnued) As At 31 March 2025 For the year ending 31 Marth 2025 the tharltable company was entitled to exemptlon from audlt under sectlon 477 of the Companles Act 2006 relatlng to small companies. The members have not requlred the charitable company to obtaln an audlt In accordance wlth sectlon 476 of the Companles Act 2006. The trustees acknowledge thelr responslbllltles for complylng wlth the requlrements of the Act with respect to accountlng records and the preparatlon of accounts. These accounts have been prepared In accordance wlth the provislons appllcable to companles subject to the small companles reglme. On behalf of the board Ms Kelly Barr ChaSr 0311212025 The notes on pages 12 to 20 fonn part of these finandal statements. Pa8ell
Tanlo Ltd. Note5 to the Flnancial Statements For The Year Ended 31 March 2025 l. General Informatlon Tanio Ltd. Is a company limited by guarantee. Incorporated In England & Wales, reglstered number 01914422 and reglstered charlty number 1108303. The reglstered office Is Sardls Medla Centre, Heol Dewl Sant, Bettws, Brldgend, Mid Glamorgan, CF32 8SU. 2. Statement of Compliance The financlal statements have been prepad In accordan wlth the Charltles SORP {FRS 102) "Accountlng and Reporting by Charitles: Statement of Recommended Practice appllcable to charltles preparlng thelr accounts in accordan with the Flnandal Reporting Standard applicable in the UK and Republlc of Ireland (FRS 102) (effectlve l January 2019)° Flnandal Reporting Standard 102 Yhe Flnanclal Reportlng Standard appllcable In the UK and Republic of Ireland. and the Companles Act 2006. 3. Accountlng Pollcles 3.1. Basls of Preparatlon of Flnanclal Ststements Basls of preparlng the flnanclal statements The flnanclal statements of the charltable company. whlch Is a publlc benefit entity under FRS 102. have been ppared in accordance wlth the Charitles SORP (FRS 102) 'Accountlng and Reportlng by Charltles: Statement of Recommended practi appllcable In the UK and Republic of Ireland (FRS 102) (effective l January 2015),, Finandal Reporting Standard 102 'The Flnancial Reportlng Standard appllcable in the UK and Republic of Ireland and the Companies Act 2006. The financlal statements have been prepared under the historical cost conventlon, as modlfied by the revaluatlon of rtaIn assets. Income All Income Is recognlsed In the Statement of Flnanaal Activitles once the charity has entltlement to the funds, It Is probable that the income will be reIVed and the amount can be measured rellably. Grant Income Is recognlsed under the perfonnance model in accordan wlth FRS 102 as follows: A grant Is recognlsed in income when the grant proceeds are recelved (or re1Vable) provide(I that the terms of the grant do not Impose future performance-related condltlons If the tems of a grant do impose perfornian-reIated conditlons on the recipient, the grant Is only recognised In income when the performance-related conditions are met. Any grants that are recelved before the revenue recognition crlterla are met are recognised In the entlty's financlal statements as a liability. Expendlture Liabllltles are recognlsed as expendlture as soon as there is a legal or constructive obligatlon commlttlng the charlty to that expenditure, it Is probable that a transfer of economic beneflts wlll be requlred In settlernent and the amount of the obligatlon can be measured rellably. Expendlture Is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to actlvltles on a basis consistent with the use of resources. Page 12
Tanlo Ltd. Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 3.2. Tangible Fixed Assets and Depreclatlon Tanglble fixed assets are stated at cost less accumulated depreciatlon and accumulated Impalrment losses. Cost Includes the orlglnal purchase prlce, plus any costs directly attrlbutable to brlngSng the asset to Its worklng condltlon for intended use. Depreclatlon Is provlded at the following annual rates In order to wrlte off each asset over Its estlmated useful Ilfe. Freehold Flxtures & Flttlngs 21 25 % on Cost 3.3. stocks and Work In Progress Stocks are valued at the lower of cost and net reallsable value, after maklng due allowance for obsolete and slow movlng Items. 3.4. Taxatlon The charlty Is exernpt from tax as all Its Income Is charltable and applled for charltable purposes. 3.5. Fund accountlng Unrestrlcted funds can be used In accordance wlth the charltsble objectlves at the dlscretlon of the trustees. Fund accounting Restricted funds can only be used for partlcular restrfcted purposes wlthln the objects of the charlty. Restrlctlons arise when speclfled by the donor or when funds are ralsed for partlcular restrltted purposes. Further explanatlon of the nature and purpose of each fund Is Included In the notes to the flnanclal statements. Penslon costs and other post-retlrement benefits The charitable company operates a defined contrlbutlon penslon scheme. Contrlbutlons payable to the charitable company's penslon scheme are charged to the Statement of Flnanclal Actlvltles In the period to which they relate. 4. Income from Donatlons and Legacies 2025 2024 Unrestrlcted Unrestrlcted funds funds Donatlons and glfts: Donatlons and glfts 2,310 1,229 Page 13
Tanlo Ltd. Notes to the Flnanclal Statements {contlnued) For The Year Ended 31 March 2025 5. Income from Other Tradlng Actlvltles 2025 Total funds Vnrestrlcted Restrlrted funds funds Income from other tradlng actlvltles 9,757 9,757 2024 Unrestrlcted Restrlrted Total funds funds funds Incorne from other tradlng actlvltles 40,254 10,000 50,254 6. Investment Income 2025 2024 Unrestrlcted Unrestrfcted funds funds Bank Interest recelvable 1,129 1,189 7. Other Income 2025 2024 Unrestrlcted funds Unrestrlrted funds Rental and other Income from property 1,300 1.300 8. Net Income/(Expendlture) The net Income/(expendlture) Is stated after charglngl(credltlng): 2025 2024 Depredatlon of tsnglble fixed assets - owned 6,383 10,054 Page 14
Tanio Ltd. Notss to the Flnancial Statements (contlnued) For The Year Ended 31 March 2025 9. Analysls of Expendlture 2025 Actlvltles undertaken Support dlrectly costs Total Ralslng funds Operatlon of Arts and Charlty Breathlng Space 'Aprll - May 2024, Breathlng Space 'September - March 2025, Choose Dewls Connetting Carers - Phase 2 Brackla Fun Day - Easter Craftlng for Carers Cwm Taf Morgannwg UHB - Short Break Fundlng RIF Connectlng Carers - Phase I Celf a Clnlo Olymplcs Arts & Crafts Workshop Food & Fun Halloween Event Nadollg Tanlo Cymmer Prlmary School Llnc Cymru Houslng Assoclatlon Rubblsh Orchestra Sbrl Sprlng TlkTok Workshops KPC Youth Summer Tlk Tok What Once Stood Tanlo 5th Blrthday Party Tanlo Away Day Sprlng Forward for FamllSes Intense We15h leamlng Course Outdoor Clnema Summer Street Party Taylor Swlft Event Wreath Maklng Xmas 2024 Summer Beach Tr5p Nordlus Junlor Project 'Bulldlng Brldges. Go and See Mlcro Grant 630 255,350 10,531 20,853 9,581 10,996 48 630 255,422 10,725 20,962 9,581 11,068 48 72 194 109 72 3,992 3,992 11,739 1,325 225 150 532 3,025 4,899 3,338 544 700 175 13,018 2,353 2,823 1,850 523 2,656 1,573 72 loo 280 96 296 11,739 1,325 225 234 532 3,025 4,899 3,379 574 700 175 13,160 2,353 2,823 1,850 523 2,656 1,659 72 100 280 96 296 84 41 30 142 86 830 364,273 365,103 Page 15
Tanlo Ltd. Notes to the Flnanclal Statements (continued) For The Year Ended 31 March 2025 2024 Actlvltles undertaken Support dlrectly Total Ralslng funds Operatlon of Arts and Charlty Olymplcs Arts & Crafts Workshop 12,431 182,568 13,045 121,360 165 25,476 303,928 165 194,999 134,570 329,569 10. Independent Examlnerfs Remuneratlon 11. Staff Costs Staff costs were as follows: 2025 2024 Wages and salarfes Soclal securlty Costs Other penslon costs 173,081 11,349 8,213 192,643 150,920 8,191 7,466 166,577 No employees recelved employee beneflts (excludlng employer penslon costs) for the reportlng perlod of more than £60,000, 12. Average Number of Employees Average number of employees durlng the year was: 6 (2024: 6) 13. Tanglble AsMts Land & Property Freehold Flxturng & Flttlngs Total Cost As at l Aprll 2024 As at 31 March 2025 200,000 87,007 287,007 200,000 87,007 287,007 Depreclatlon As at l Aprll 2024 Provlded durlng the perlod As at 31 March 2025 44,000 4,000 83,193 2,383 85,576 127,193 6.383 48,000 133,576 ..CONTINVED Page 16
Tanio Ltd. Notes to the Flnancial Ststernents (contlnued) For The Year Ended 31 March 2025 Net Book Value As at 31 March 2025 152,000 1,431 153,431 As at l April 2024 156,000 3,814 159,814 14. Stocks 2025 2024 Stock 600 600 15. Debtors 2025 2024 Due wlthln one year Trade debtors 14,605 9,495 16. Current At Investments 17. Credltors: Amounts Falllng Due Wlthln One Year 2025 2024 Trade creditors Other taxes and social securlty Other credltors Accruals for grants payable 11,228 7,857 1,442 7.865 848 2,696 984 2.400 28,392 6,928 18. Penslon Commitments The charitable company operates a deflned contribution penslon scheme. The assets of the scherne are held separately from those of the charltable company in an independently administered fund. Durlng the year the charge to the ststement of finandal activlties In respect of deflned contrlbutlon schemes was £8,213 (2024: £7,466). At the balan sheet date contrlbutlons of £NIL were due to the fund and a Included In credltors. Page 17
Tanlo Ltd. Notes to the Flnancial Statements (contlnued) For The Year Ended 31 March 2025 19. Movement In Funds Asat31 March 2025 Asatl April 2024 Income Expendlture Transfers Unrestricted funds General: General unrestrlcted fund Arts Council of Wales Portfolio Multi- Year Funding Postcode Community Trust 79.256 15.246 (72,899) (3,489) 18,114 173,309 (173,309) 13,000 50,000 (12,945) {115) 49,940 92,256 238,555 (259,153) (3,604) 68,054 Deslgnated: Deslgned Funds Deslgnated Funds 276,000 276,000 (4,000) 272.000 (4,000) (4,000) 276,000 Total unrestricted funds 368,256 238,555 (263,153) (3,604) 340,054 Restrirted funds Spring Forward.. Emotional Uteracy through Forest Arts Artist In a Resldence and Volunteer Policies Celf a Clnlo Awen Cultural Trust ACW Lottery Breathing Space Ignite BAVO- Wann Hub Arts & Buslness - Culture Step Ty Cerdd - Open MIC Cwm Taf Morgannwg UHB - Short Break Fundlng RIF Local Authorlty BCBC Income Anthem, Atsaln Fund Cwmpas 3,555 3.555 (116) 116 66 66 16,500 15,750 1.750 966 483 (21,194) (5,986) (1,325) (5,400) 4.694 9,764 425 2.574 1,860 483 10,500 (7,992) (11,938) 2,508 39,750 2,205 49,233 (7,944) 19,868 2,205 14,476 ..CONTINUED (34,757) Page 18
Tanlo Ltd. Notes to the Flnanclal Statements (Contlnued) For The Year Ended 31 March 2025 KPC Youth Llnc Cymru Houslng Assodatlon Ltd 750 (700) 10,810 (12,542} 50 3,146 4,878 Total restrlcted funds 6,195 148,697 (101.950) 3,604 56,546 Total funds 374,451 387,252 (365,103) 396,600 Asat31 March 2024 Asati Aprll 2023 Income Expendlture Transfers Unrestrlcted funds General: General unrestrlcted fund Earned Income Postcode Cornrnunity Trust 97.325 41,483 2,489 25,000 (62,041) 2.489 {2,489) 79,256 (12,000) (74,041) 13,000 97,325 68,972 92,256 Deslgnated: Deslgned Funds 280,000 (4,000) 276,000 Total unrestrlcted funds 377,325 68,972 (78,041) 368,256 Restrocted funds 8reathlng Space 'Creatlve Connectlons, Spring Forward: Emotlonal Uteracy through Forest Arts Artlst In a Resldence and Volunteer Polldes Sony OrganSsatlon and aear Out Breathlng Space, Bettws Breathlng Space, Pontyprfdd Earth Hour 2022 - Promlses to the Plant Mural Capel Cwtsh Celf a Clnlo Earth Hour 2023 Famlly Celebration of Hour Earth 23 'Tune Up, (most of thls grant wlll be 23124 as per the P&L spreadsheet) 362 (362) 4,163 (608) 3,555 3,085 (3,085) 1,300 500 500 (1,300) (500) (500) 124 (124) (2,295) (934) (293) 2,295 1,000 293 5,859 (5,859) ..CONTINUED Page 19
Tanio Ltd. Notes to the Financlal Statements (contlnued) For The Year Ended 31 March 2025 Awen Cultural Trust Arts Council Wales Portfolio Grant BAVO- Warm Hub Arts & Business - Culture Step Ty Cerdd - Open Mic Welsh Gov - Communltles Facllities TE23 ACW Lottery 'Create' Fund 10,000 (10,000) 186,630 (186,630) 1,000 3,300 (726) 1,449 (1,449) 14,000 (14,000) (188) (22,675) (1,000) 2,574 188 22,675 Total restricted funds 18,669 239,054 (251,528) 6,195 Total funds 395,994 308,026 (329,569) 374,451 20. Post Balance Sheet Events 21. Transactlons wlth Trustees During the year the expenses reimbursed to the trustees or pald dlrectly to thlrd partles were as follows: 2025 2024 22. Related Party Dlsclosures 23. Controlllng Partles There were no related party transactlons for the year ended 31 March 2024. 24. Company Ilmlted by guarantee The company Is Ilmlted by guarantee and has no share capltal. Every member of the company undertakes to contrfbute to the assets of the companyi In the event of a wlndlng up, such an amount as may be requlred not exceedlng £1. 25. Page 20
Tanlo Ltd. Detslled Statement of Financial Actlvltles (includlng Income and Expendlture Account) For The Year Ended 31 March 2025 2025 2024 Totsi funds Total funds INCOME AND ENDOWMENTS FROM: Donatlons and legacles Donatlons and glfts 2,310 2,310 1,229 1,229 Charltable Actlvltl•s: Operatlon of Arts and Charlty Income from charltable actlvltles Grants 77,859 173,309 67,424 186,630 251,168 254,054 Breathlng Space 'Aprfl - May 2024, Incorne from charltable actlvltles Grants 1,000 2,500 3,500 Breathlng Space 'September - March 2025. Income from charltable attltIeS Grants 3,900 12,500 16,400 Choose Dewls Income from charltable artlvltles 24,445 24.445 Sprlng Forward: Emotlonal Llteracy through Forest Arts Income from charltable artlvltles 5,700 5,700 Connectlng Carers - Phase 2 Income from charltable actlvltles 24,875 24,87S Brackla Fun Day - Easter Income from charitable activltles 500 500 Craftlng for Carers Cwm Taf Moryannwg UHB - Short Break Fundlng RIF Income from tharltable attivltles 6,500 6,500 Connectlng Carers - Phase I Income from charltable attivities 24,358 24,358 ..CONTINUED Pagc21
Tanlo Ltd. Detslled Statement of Financlal Actlvltles (Including Income and Expendlture Account) (continued) For The Year Ended 31 March 2025 Celf a Clnlo Income from charltable attlvltles 1,750 1,750 Olymplcs Arts & Crafts Workshop Income from charltable actlvltles 250 250 Food & Fun (Creatlve arts w/shop$) Income from charltable actlvltles 250 250 Cymmer Prlmary School Llnc Cymru Houslng Assoclatlon Income from charltable actlvltles 6,000 6,000 Rubblsh Orchestra Grants 1,500 1,500 TlkTok Workshops KPC Youth Income from charltable actlvltles 750 750 What Once Stood Income from charltable actlvltles 4,810 4,810 Other tradlng actlvltl•$ Income from other tradlng artlvltles 9,757 9,757 50,254 50,254 Investments Bank Interest recelvable 1,129 1,189 1,129 1,189 Other Rental and other Income from property 1,300 1,300 1,300 1,300 387,252 308,026 EXPENDITURE ON: Ralslng funds Advertlslngi marketlngl dlrett mall and publlclty Travel and subslstence expenses Other marketlng costs Subscrlptlons (7,128) (5,303) (632) (5,724) ..CONTINUED Page 22
Tanlo Ltd. Detailed Statement of Flnanclal Actfvltles (Includlng Income and Expendlture Account) (contlnued) For The Year Ended 31 March 2025 Sundry expenses Bank charges Accountancy fees (3,376) (1,435) (2,510) {630) (25,476) Charltable Actlvltles: Operation of Arts and Charity Materfal Rates, room h1 & premlses Wages and salarles Employers Nl Ernployers penslons - defined contrlbution schemes Insuran Depreciation of freehold land and property Wages and salarfes Employers NI Employers penslons - deflned contrlbutions scheme Fees payable to artlsts and pe Staff training Staff expenses Travel expenses Rates Light and heat Repairs and malntenance Cleaning Computer and rr consumables Insurance Prlntlng, postage and stationery Telecommunlcatlons Subscriptions Sundry expenses Event costs Depreclatlon of fiXtuS and fittlngs Depreclation of fehOld land and property Bank charges Accountancy fees (72) {5,138) (3,316) (150,920) {8,191) (7,466) (3,537) (4,000) (173,081) (11,349) (8,213) (12,300) (72,823) (5,037) (721) (4,780) (1,989) (1,695) (2,064) (1,835) (3,029) (19,871) (3,206) (3.168) (5,553) (3,390) (1,235) (919) (7,102) (5,180) (1,209) 15 (iii) (10,678) (2,383) (6,054) (4,000) {1,780) (1,970) (255,422) (303,928) Breathing Space 'April - May 2024. Materlal Fees payable to artlsts and pe Event costs (194) (10,135) (396) (10,725) ..CONTINUED Page 23
Tanio Ltd. Detailed Statement of Flnanclal Actlvltles (Includlng Income and Expendlture Account) (contlnued) For The Year Ended 31 March 2025 Breathlng Space 'September - March 2025. Materlal Fees payable to artlsts and pe Event costs (109) (19,750) (1,103) (20,962) Choose Dewls Fees payable to artlsts and pe Event costs (8,675) (906) (9,581) Connectlng Carers - Phase 2 Materlal Fees payable to artlsts and pe Event costs (72) (10,565) (431) (11,068) Brackla Fun Day - Easter Event costs (48) (48) Craftlng for Carers Cwm Taf Moryannwg UHB - Short Break Fundlng RIF Fees payable to artlsts and pe Event costs (2,100) (1,892) (3,992) Connectlng Carers - Phase I Fees payable to artlsts and pe Event costs {10,635) (1,104) {11,739) Celf a Clnlo Fees payable to artlsts and pe Event costs (1,000) (325) (1,325) Olymplcs Arts & Crafts Workshop Fees payable to artlsts and pe Llght and heat (225) (165) (165) (225) Food & Fun Materlal Fees payable to artlsts and pe (84) (150) (234) ..CONTINUED Page 24
Tanio Ltd. Detalled Statement of Flnanclal Actlvltles {Includlng Income and Expendlture Account) (contlnued) For The Year Ended 31 Marth 2025 Halloween Event Fees payable to artlsts and pe Event costs (235) (297) {532) Nadollg Tanlo Fees payable to artlsts and pe Event costs (2,105) (920) (3,025) Cymmer Primary School Llnc Cymru Houslng Assoclatlon Fees payable to artists and pe Event costs (3,600) (1,299) (4,899) Rubbish Orchestra Materlal Fees payable to artlsts and pe Event costs (41) (2,875) (463) (3.379) Sbrl Spring Materlal Fees payable to artlsts and pe Event costs (30) (375) (169) (574) TikTok Workshops KPC Youth Fees payable to artlsts and pe (700) (700) Summer Tlk Tok Fees payable to artlsts and pe (175) (175) What Once Stood Materfal Fees payable to artlsts and pe Event costs (142) (9,608) (3,410) (13,160) Tanio 5th Blrthday Party Fees payable to artlsts and pe Event costs (1,175) (1,178) (2,3S3) CONTINUED Page 25
Tanlo Ltd. Detsiled Statement of Flnanclal Actlvltles (Includlng Income and Expendlture Account) (contlnued) For The Year Ended 31 March 2025 Tanlo Away Day Fees payable to artlsts and pe Event costs (1,140) (1,683) (2,823) Sprlng Forward for Famllles Fees payable to artlsts and pe Event costs (1,620) (230) (1,850) Intense Welsh learnlng Course Event costs (523) (523) Outdoor Clnema Event costs (2,656) (2,656) Summer Street Party Mat*etlng and advertlslng costs Fees payable to artlsts and pe Event costs {86) (975) (598) (1,659) Taylor Swlft Event Event costs (72) (72) Wreath Maklng Xmas 2024 Fees payable to artlsts and pe (100) (100) Summer Beach Trlp Fees payable to artlsts and pe Event costs (50) (230) (280) Nordlus Junlor Project 'Bulldlng Brldges. Event costs (96) (96) Go and See Mlcro Grant Event costs (296) (296) (365,103) (329,569) 22,149 (21,543) NET INCOME/(EXPENDITVRE) Page 26
Tanlo Ltd. Detslled Ststement of Financial Activities (Including Income and Expenditure Account) (continued) For The Year Ended 31 March 2025 Page 27
Tanio Ltd. Detailed Statement of Financial Activities (Including Income and Expenditure Account) (contlnued) For The Year Ended 31 March 2025 Page 27