GisfERED COMPANY NUMBER: 01799310 IEng]#nd aDd Wales) R£GisfERED CHARITY NUMBER: 515024 REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEME TS FOR THE YEAR ENDED 30 S , EMBfi R 2024 AwfuR'fANAT IN YriYNGED D.R.E. & Co. Limited ChartetTd Accountants 7 knwer Brook Street Oswestry Sh￿IpShIre SYII 2HG ANTUR TANAT CA￿ cyri YNGEDIG CONTENTS OF THI filtYANCIAL STATEMENTS IOR THL I'EAR_EI NDED 30 SII PTEMBER 2024 P8ge Report ofthe Trustees In(lependent li XAminti s Repoi* Statcment of FiiiAI)ci41 Actlvilies IJAIAntt Slieet NotLS to the FiiiAueial Statements 7 to 10 D¢tniled Stxtement of FiiiRiiLiAI Activities AwfiiR TANAT CAIN CYFYNGEDIG REPORT ofi THE TRUSI'EES riOR THI YEAR END£ID 30 SEPTEMBER2024 The triistees who are also directors of the charity for the purpos&£ of ilie Companies Act 2006, present theii. repoi'l with tlie financial statemeiits of the charity foi. the year ei)ded 30 September 2024. Tlie h'ustees have adopled the pttivi5ions of Accountii)g and RepoLtil)E by Charities.. Statenient of RecoiMI)iended Pi'aclice applicable to ehai-ities piEpaiii)g Ilieir accoiiiits iii accoi'dance willi the Financial Reporting Siandard applicable in Ihe UK and Republic of Ireland (FRS 102) (effective l Januaiy 2019). OBJECTIVES AND AcfiviTJFS Objcitives and iqill1S AnlLlI' Tanal Cain Cyfyngedig was fornied lo stTengthen the life of the Tanal and Cain Vallcys through pi'oinoting Il)e Comniunity's iiidustry, potential and skills. The Charity aims lo provide educatioii and opwriuiiities lo all iiiembers of the wnimunities especially the eldei'ly and disadvantaged. All iiieinbeis of the comniiii)ity ablc lo partake in Ili¢ activities. The Charity offElS a￿Ss to the internel and help and tsainiiig to use IL Family History class¢s tak¢ place dui'ing the wiiilei. moiiths. The IMaii8genieiit ¢onimittee confimi they have had regard to the Charity Cominission'y guidanee on public bei)efit. ACIIIEI VEMENT Af4D PEI RFORMANCC Cliai'itllble octivitics Tlie ii)anageineiit committee co1￿lder that the perfonnancc of th¢ company's year under revicw has been salisfactoiy. Iiicome froi)i all soiirees for the ye8r amoiinled lo £29,551. Expenditure aniounted 10 £28,035. giving rise to a suipliis of £1,516, We have a ¢ommittee wliich me¢ts every monih to review the busincss. We now have 3 trustees Bnd 3 ¢omii)ittee meinbers. T]ie conimittee are looking forward lo the fiiture and fijndraising for local orgaiiisati0ll5. Our Jiibilee Luncheon Cliib has grown in st￿n￿li, giving local residents a place to Iheet and cllal over Ilinch. Oiir Carboot sales h8ve picked up again following ¢ovid. These are held evely 4 weeks froin April IhiDugh to Sepleimber, aiid run by volunteers and committee members. With ihe closure of Llangedwyn C-I-W Primary School we plailliing to create a space iii the café for scliool memorabilia. FINANCIAI. REVIEW Re5ei've$ policy Tlie reseives are cui'i'eiitly standing at a satisfacloiy level. It ts the aim of the in￿lage1￿e1it con)iiiittee to ihaintain i'eseive5 at q reasoiiable levcl lo ensure ihe long temi financial security of the organisation. ri UTURE PLANS Plans for the futiire are to coiitinue lo invest in Ihe buildings and grounds to keep Llangedwyn Mill a iiseable service ftir local new businesses. Plans a150 incliide lo open a cafe to serve the local comniunity alld liold open days at Llangedwyii Mill. Page I ANTUR TANAT CAIN CYFYNGEDIG Rl* PORI, ofi TIIE TRUSTEES roR THE YEI AR EI NDED 30 SEwfEI MBER 2024 srRucfiiRI, GOVERNANCE AND MANAGEMENT Covet'Dillgdocument TFLe cl)arity is governed by its meinorandum ￿]d articles of association incoryx)rdted 12 March 1984. IL Coiistittiles a liii]ited coÈnpany, it is limited by Eiiarantee, as defii)ed by the Coinpaiiies Act 2006. The coinpany is managed by Ilie following OtTicers'. Cl)aii'n)an Secittary Ti'easurci'lvice chair An￿1. Tan81 Cain Cyfyngedig holds an annual general n)eeling. Reci'uitment and appoiiitment of new ti'iistees The goveiiiinE body of Ilie Loinpany is tl)e Coiincil of Member4 which include ihe direclor and Ii'u5tee. Appointineiit 8iid removal of directors is governed by the Arti¢l¢s of Association and the Compaiiies Act 2006. Re¢ruilinent of iiiembers lakes place across th¢ Charity's area of tlic T￿lat and Caiii Valleys. IAKal organi5ations and Coinniunity Councils ai'c asked to piit foiward n)embers wlien the￿ are vacai)cie5. Risli manngement Tlie managenieiit committee Iiave considered tlie niajor Tisks to wliicli tl)e charity is exposed, liave rcvi¢wed thein and consider Ihal suitable systems atr in place to miligate Iliose risks. REI fERFNCE AND ADMINISTRATIVE DETAILS R¢gisteiid Company Iiiimber 01799310 (Liigland ai)d Wales) Registei'ed ChAI'ity iiiimbcr 515024 Registei'ed O￿l¢t Sile Office, Llangedwyn Ci'8ft Work Shops Llangedwyii Mill Llangcdwyn Osweslry Shi'ophire SY109LD Ti'iistees J F Maccall Pub landlord N Powell Retired Mrs E L Wilde Lawyei. (resigned 9.10.23) JP Pai'kii)son Relii'ed Headinaster CompHny Seci'elaiy Mrs E Williams Indepeiidciit L%nminet' Maityn Kent F.C.A, c.'r.A D.IiE. & Co. Liiniled Chart￿.ed Accoiintanls 7 Lower Brook Street Oswe51iy Sliropshiit SYII 2HG Page 2 ANTUR TANAT CAIN CYFYNGEDIG RII PORT OII THE TRusfEI ES FOR THC YLI AR ENDID 30 SEPTCLIIBER 2024 Management Committee Clli. A Davies Clll. G BIDadbent Clli. Adiian Philllips Approved by order of the board of trustees on 12 June 2025 and signed on its behalf by.. Mis E Williains - Secretary Page 3 RNDEPEI NDENT EXAMINER'S REt PORT TO THE TRUSTEEI S OF ANTUR TANAT CYFY GEDIG lji(lepelldent exAminei s i'epoit to the tl'415tees of Autui. Tanat Cain Cyfyngedig ('Ihc Company,) i'¢porl to the charity Iiiislees on my examination of the accounts of Ihe Company for Ilie year ended 30 September 2024. Responsibilities bmsis of report As the charity's Ii'iislees of the Coinpany (and also 115 dire¢lotE for the purposes of conipany law) you are rcsponsible foi. the preparation of the accour)Is in accordance with the requirements of ihe Coinpai)ies Act 2006 ('the 2006 Acl,). Having satisfied myself that the Kcounts of Ihe Conipany are not required lo be audited under Part 16 of tlie 2006 Act aiid are eligible for independei)l examinalioii, I report in respect of iny exaniinalion of yoiir charity's accounts as cai'ricd oiil Lll)dei' Sectioii 145 of the Charities Act 2011 ('the 2011 Ace). In carrying out Iny exainination I l)ave followcd Ihe Directions giveii by the Cliat'ity Comiiiissioii uiider Section 145(5) (b) of the 201 l Act. Independent eX￿￿]ne1 s statement I Iiavc completed my examination. l ¢onfirn) tliat ￿ matters have ￿me to my attentioii in eomiectioi) with the exaiiiiiiatioii givit)g me cause to believe: accoiinting records were not kept in respect of the Company as required by Section 386 of ihe 2006 Act. oi, the accounts do not accord witli those recoi'ds. or Ihe accouiits do not comply with the accounting rwiiiremenl8 of Se¢lioii 396 of the 2006 Act other than aiiy I'eqLliI'eiMci)I that the accounts give a tnic ond fair view which is not a Inatter consideird as part of ai1 independent examinatioii; or tlie accounls have nol been prepared in accordance willi the methods and priiiciples of Ihe statem￿)¢ of Recoinincnded Practice for accoiinting and repoi1ing by cl￿rItIcS (applicable to cl)ai'ities pr¢parii)g theii. accounts in accordaiice with Ille Fiiiancial Rewjrting Slaiidard applicable in the UK and Republic of Irelaiid (FRS 102)). I have no concerns and have come ocross no other matters iii connection with the examination lo which atteiition sl)ould be di'awn ii) this report in order lo enable a proper underslanding of the a¢couiits to be reached, MLfgJtr Matyii Kent F.C.A, C.T.A D.R.E. & Co, Limited Cliaitered Accoiinlants 7 Lowei. Bi'ook Street Osweslry Shropsliire SYII 2HG 12 June 2025 Page 4 AP4TUR TANAT CAIN CYFYNGEDIC STATEMEKf oTr' FINANCIAL AcrtVlTIES riOR THE YKAR fiNDlI D 30 SEvrri MBER2024 30.9.24 30.9.23 Total funds Uni'esti'ictcd fund Notes INCOML AND EI NDOWMENTS fiROM Doiiations and legacies 400 479 Other Irading aolivities Inveslinent iiicome 28,802 349 20,408 265 TotRI 29,551 21,152 EXPENDI7￿RE ON Chai'itable activities Charitable 28,035 30,849 NET INCOMEI(EXPEI NDITURE) 1,516 (9,697) REI CONCILIATION OF FUNDS Total fiinds broiigiil forwaid 20,235 29,932 TOTAL FUNDS CARRIED fiORW ARD 21,751 20,235 Thc notes fomi p￿t of these financial slalen)eTrts Page 5 ANTUR TANAT CAIN CYFYNGEDIG BALANCE Sllli Ei T 30 SEvfiMBER 2024 30.9.24 30,9.23 Tolal funds Units11'icted fuiid Notes CURRELYf ASSETS Debtors Cash at bank 737 22,549 21.731 23,286 21,731 CREDITORS Amounts falling due withii) one year (1,535) (1,496) r*T CURRENT ASSETS 21,751 20,235 TOTAL ASSETS LESS CURRENT LIABILITIII S 21,751 20,235 NIIT ASSETS 21,751 20,235 Unwsli'iGled funds 21,751 20,235 'roTAL fiUNDS 21,751 20.235 Tlie cliaiitable company is eiitiiled to exemption ftDm audit iindeJ- Section 477 of tlie Companies Act 2006 foi. tlie year ended 30 September 2024. Tlie inembei's have not reqiiii'ed ihe company to obtain an audit of its financial slalen)enls for the year ended 30 Sepleniber 2024 in accoi'dance with Section 476 of Ihe Coinpaiiies Act 2006. 'ri)e trustees acknowledge their respon8ibililies for (a) eiisliring that the charilable conipany keeps accounting recO￿lS tliat coiiiply with Seclions 386 aiid 387 of the Conipanies Act 2006 and Pi'epating financial statements which give a Irue aiid fair view of die slate of affairs of the cliaritable coiiipony as at Il)e end of each finiin¢ial yeai. and of ils siirplus or deficit for eacli financial yeai. in accoi'dance with the I'cqiiiremenls of Sections 394 and 395 ftnd which otherwise Lx>niply with Ilie r¢qlli￿llle￿ts of the Complliii¢s Act 2006 I'elatirtg lo finaiicial ststements. so far as applicable to Ihe cliarilable company. (b) Tl)ese financial slaletnents have been prepared in ￿cOrdanCe with the provisions applicable to chai'itsble conipanies siibjec¢ lo the sniall ¢oinpanies regiin The financial slalements were appiDved by the Board of Trustees and aulhorised foi. issue 011 12 June 2025 and were signed on ils behalf by.. JFMa all- Trustee The notes fonn part of ihese fiiiajiclal stateinents Page 6 ANI'UR TANAI, CAIN CYFYNGEDIG NOTII S TO THL FINANCIAL STATEMETr¥fS FOR THI YEAR FNDED 30 SEI PTE4 MI BER 2024 ACCOUNTING POLICIE+ S B8sis of pi'epol'ing the financixl Statemenls Tlie fiiiancial slalements of Ihc charitable company, wliich.is a public benefit entity linder FRS 102. have beeii pirpared in accordance with the Charities SORP (FRS 102)"'Accoiinling and Repoiting by Charitie5'. St&teinei)I f Rccommended Pi'actice applicable to chai'ities prepai'ing their accouiils in accordaiice will) thc Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102} (effective l Januaiy 2019),. Fiiiancial Repoiting Standard 102 'The Fiiiancial Reporting Standard applicable in the UK aiid Repiiblic of IIEland' aiid the Companies Act 2006. The financial statements have been prepaEd undei. the hisloi'ical cost convention. InLoinc Incomiiig resoiirces moinly comprise miscellalleous sales and services and rents received from craft cei)tre and workshops, excluding value added tsx. 1liey are included on the StAlcmenl of Pinancial activilies wheii the charity is legally entitled lo the inconie aiid the amount Gan be quanlified with reasonable accuracy No amounts aiE included within the accounts for scrvicc5 donaled by volunteers.. I xpenilitui'e Liabilities are ￿ogniSed as expenditure &8 soon as Ihere is a legal or constru¢tive obligalioii committing the chRI'ity lo 11)at ¢xpeiidilure, it is probable that a Iransfer of ecoiioinic beiiefit5 will be reqiiii'ed in settleiiienl and the amoui)t of thc obligation can be measiired reliably. Expenditu￿ is a￿oUnted foi. oli ali accruals basis aiid has been classified under lieadings Ihal 8ggregale all cost related lo tlie category. Whei? costs caiiiiot b¢ dire¢lly atti'ibuled lo particular headings Iliey liave been allocated to activities on a basis ¢onsisleiil with the iise of resources. I'Axntion 'rhe charity is exempt fiDm cory)oration tax on its charitsble activities. Fiind ACCOUI)ting The ¢liai'ity lias oiie fiind. which 15 iini'e5tricled. Tt 15 availHble for Lise Ill the disciElion of Ilic ti'ustees in fiirtheranLe oFllie genci'al objectives of the charity and which have nol beeii designated for otlici. piiiposes. OTHLI R TRADING ACTtVlTIts 30.9.24 30.9.23 Ci'aft ceiitre & woi'ksl)op Service5 & car boot sales 21,632 7,170 16,060 4,348 28,802 20,40¥ INVLSTMEI NT INCOME 30.9.24 30.9.23 Deposit account inlerest 349 265 Page 7 conliiilied... ANTUR TANAT CAIN CYFYNGEDIG NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YL+ AR EI NDII D 30 SEPTEMBER 2024 NET INCOME/(CI XPEI NDI'I'URE) Net incoineJ(expeiidituir) is staled after chargingl(crediting): 30.9.24 30.9.23 Aiiditor5' remuiieration for non audit work 1,429 1.379 TRUSTECS, REMUNERATION AND BENEfilTS 'rhet'e were no tnislees, remuneration or other bencfits for the year endcd 30 Septenibei. 2024 nor for the year elided 30 Scptetnber 2023. Ti'ustees, expenses There wei'e no trustees, expenses paid for the year ended 30 Septeinber 2024 1101. for the year elided 30 September 2023. COMPARATEVCS FOR THE STATEMEpif OF FINANCIAL ACTIVITIES Unreslricted fund INCOML AND II NDOWMEI NTS FROM Doi)ations and legacies 479 Olliei. Iradiiig activities Invesliiienl incomc 20.408 265 Tot81 21,152 IXPII NDITURE ON Clllli'itable aetivities Charitable 30,849 NET INCOME/{EXPENDITURE) (9,697) REI CONCILIATION or r(UNDS Total ftiiids brought forward 29,932 TOTAL fi UNDS CARRlfD fiORWARD 20,235 Page 8 contiiiued... ANTUR TANAT CAIN CYFYNGEDIG NOTEI S TO THE FINANCIAL STATEMENTS - eontinued r*OR THE YII AR ENDED 30 SEPTEI MBER 2024 DEBTORS: AMOUNTS FALLINC DUE WITHIN ONE YEAR 30.9.24 30.9.23 Trade debtors 737 CREI DITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.9.24 30.9.23 Ti'ade or¢ditors 1,53S 1,496 MOVEMENT IN FUNDS Net iiioveineiit in funds At 1.10.23 At 30.9.24 Uni'esti'ieled funds General fund 20235 lJ16 21,751 TOTAL FUNDS 20235 1516 21,751 Nel niovement in ￿nds, included in the above are 8s follows.. Incoiniiig resoui'ces Resources expended Movenient in fui)ds Unj'esti'icted funds General flind 29,551 (28,035) 1,516 TOTAL fiUNDS 29,551 (28,035) 1,516 CompArHtives foi. movemei>t in fuiids Net movement in fiinds At 1.10.22 At 30.9.23 Uni'esti'ieted fiin(Is Geiieral fund 29.932 (9.697) 20,235 T(yfAL FUNDS 29,932 (9,697) 20.235 Page 9 contiiiued. ANTUR I'ANAT CAtN CVFYNGEDIG NOTES TO THE fiINANCIAL STATEME￿ NTS- eolltiDued FOR THE YEIAR LI NDCI D 30 SCI PTEI MIIER 2024 MOVEMII IN Tr UNDS- eontiiiiied Con)paralive net movement iii funds. included in the above are as follows: Incoming resources ResoiiTces expended Movement ii) fiinds Uni-esti'ieted funds General fund 21.152 (30.849) (9,697) TOTAL FUNDS 21.152 (30,849) (9,697) A Qui￿nt year12 nionlhs and prior year 12 moi)ths combined position is &$ follows.. Nel Iiioveinciit in fuiids At 1.10.22 At 30.9.24 Uni'e5ti'icteil funds Genet71 flind 29,932 (8,181) 21,751 TOTAL FUTrIDS 29.932 (8,181) 21,751 A CUiT¢nt ycar 12 months and piior ycar 12 inonlhs combined ncl movement in funds, included it) the above are as follows.. Incoiiiing resoiirces Re50111'ces expended Movement in fLiiids Uni'e5trieted fiiThds General fLind 50,703 (58,884) (8,181) TOTAL fi UNDS 50,703 (58,884) (8,181) io. RLI LATED PARTY DISCLOSURES Tl)ei'e wcre no Irlated party transactions for the year ended 30 Sepleinber 2024. Page 10 ANTUR TANAT CAIN CYFYNGEI DIG DE4 TAILCD STATCI MENT or rilNANCIAL ACTIVITIES FOR TFIE YLI AR ENDII D 30 SEI VTfi,fvIIIER 2024 30.9.24 30.9.23 INCOME AND ENDOWMENTS DO￿￿tIO11$ and legacie5 Doiiations 400 479 Otheb, Ii'A(ling *clivitlQ5 Ci'aft centre & worksl)op Seiwices & car boot sales 21,632 7,170 16,060 4,348 28,802 20,408 liivestment income Deposit a¢wLinl interest 349 265 Totll intomittg iysouires 29,551 21,152 EXPENDITURL ClIAI'itAble Actiyilies Wages Rates and water Insiii'ance Light and heat Telephone Postage and slalionery Slindi'ies 1,825 (1,495) 5.646 1,744 3,637 5,149 4,099 292 50 2,494 252 261 11,958 17,465 Suppoi't costi MRiiagement Wages Buildii)g maleri8ls & silc cost 6,818 7.771 7,041 4,894 14,589 11,935 FliiAnce Barik charges 59 70 Govei'nAiice costs Aiidilors, I'ejniiiiei'ation for non aiidil work 1,429 1,379 1.otal Irsources expended 28,035 30,849 Net incomel(expenditut'e) I,S16 (9,697) This page does not forni part of the stalulory financial stataiiei)ts Pagell