TÂN CERDD CIC

Company limited by guarantee

Company Registration Number:
13006491 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2022

Period of accounts

Start date: 1 December 2021

End date: 30 November 2022

TÂN CERDD CIC

Contents of the Financial Statements

for the Period Ended 30 November 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

TÂN CERDD CIC

Directors' report period ended 30 November 2022

The directors present their report with the financial statements of the company for the period ended 30 November 2022

Principal activities of the company

The objects of the Company are to carry on activities which benefit the community and in particular (without limitation): Connect, amplify, and build a network and community of Music of Black Origin (MOBO) artists in or from Wales Nurture, support talent via one to one mentoring via the talent bank of at least 50% or more from Black, ethnic or minority backgrounds Discover, develop pathways (new, relevant talent support networks) Educate, operate, and open up opportunities (take away barriers with applications, identify talent for funding opportunities) Platform with online activity, local showcases, and representation further afield Highlight black talent in all aspects of the work - web development, talent mentoring, film makers, photographers, artwork, finance, business, legal To commit and strive to achieve a workforce made up of 50% or more of people, or are considered at a disadvantage from finding employment in the open labour marketTo create a workplace that is supportive, inclusive, enabling, and progressive and recognises the ability of its work force.



Directors

The directors shown below have held office during the whole of the period from
1 December 2021 to 30 November 2022

D K Bennett
B E Hawkins
F W Morris
J A Farrell


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
26 November 2023

And signed on behalf of the board by:
Name: D K Bennett
Status: Director

TÂN CERDD CIC

Profit And Loss Account

for the Period Ended 30 November 2022

2022 13 months to 30 November 2021


£

£
Turnover: 3,725 12,500
Cost of sales: ( 1,575 ) ( 10,853 )
Gross profit(or loss): 2,150 1,647
Administrative expenses: ( 2,150 ) ( 1,647 )
Operating profit(or loss): 0 0
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

TÂN CERDD CIC

Balance sheet

As at 30 November 2022

Notes 2022 13 months to 30 November 2021


£

£
Current assets
Debtors: 3 7,275 7,350
Cash at bank and in hand: 5,300
Total current assets: 12,575 7,350
Creditors: amounts falling due within one year: 4 ( 12,575 ) ( 7,350 )
Net current assets (liabilities): 0 0
Total assets less current liabilities: 0 0
Total net assets (liabilities): 0 0
Members' funds
Profit and loss account: 0 0
Total members' funds: 0 0

The notes form part of these financial statements

TÂN CERDD CIC

Balance sheet statements

For the year ending 30 November 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 26 November 2023
and signed on behalf of the board by:

Name: D K Bennett
Status: Director

The notes form part of these financial statements

TÂN CERDD CIC

Notes to the Financial Statements

for the Period Ended 30 November 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    Fund accounting - Unrestricted funds are available for use at the discretion of the board and management to further any of the company purposes. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal or grant award. Asset lock - Tan Cerdd CIC is subject to an ‘asset lock’ which ensures assets are retained within the CIC to support its activities or otherwise used to benefit the community. This means the Company shall not transfer any of its assets other than for full consideration (unless transferring to another asset locked body or for the benefit of the community) and on dissolution must transfer surplus assets to another asset locked body.Not for profit - The Company is not established or conducted for private gain: any surplus or assets are used principally for the benefit of the community.

TÂN CERDD CIC

Notes to the Financial Statements

for the Period Ended 30 November 2022

  • 2. Employees

    2022 13 months to 30 November 2021
    Average number of employees during the period 0 0

TÂN CERDD CIC

Notes to the Financial Statements

for the Period Ended 30 November 2022

3. Debtors

2022 13 months to 30 November 2021
£ £
Trade debtors 5,525 6,850
Prepayments and accrued income 1,750 500
Total 7,275 7,350

TÂN CERDD CIC

Notes to the Financial Statements

for the Period Ended 30 November 2022

4. Creditors: amounts falling due within one year note

2022 13 months to 30 November 2021
£ £
Trade creditors 300 2,350
Accruals and deferred income 12,275 5,000
Total 12,575 7,350

COMMUNITY INTEREST ANNUAL REPORT

TÂN CERDD CIC

Company Number: 13006491 (England and Wales)

Year Ending: 30 November 2022

Company activities and impact

Our mission at Tan Cerdd is to authentically celebrate, promote and amplify Black Welsh Music artists, Black music genres, the Black diaspora in Wales, Black culture and traditions. With a strong focus on empowering and uplifting young Black Welsh artists and media professionals, we stand committed to addressing the existing inequality in access to opportunities, resources, and career advancement by providing dedicated support and a network of industry professionals. During the year we hosted a live event at the Tramshed in Cardiff, a Celebration of Black Music Creators, celebrating Black History Month in style, highlighting and exhibiting some of the best in Black Music Culture in Wales. This allowed local performers to showcase their talent and provide a night of entertainment for the community. Tan Cerdd has continued to establish successful partnerships with various organisations which have enabled us to program more black music and culture events, furthering our mission of promoting diversity and inclusivity within the Welsh arts sector. We have cultivated productive relationships with these organisations, including the National Museum of Wales, Tramshed, and Chapter Arts, among others. These partnerships have allowed us to stage high quality black music and culture events in prestigious venues, reaching wider audiences and creating impactful experiences. We are actively working towards expanding our programming of black music and culture events. We collaborate closely with our partners to curate engaging and diverse performances, exhibitions, and workshops that celebrate the richness of black artistry and cultural heritage. Through these collaborations, Tan Cerdd aims to foster a vibrant and inclusive arts landscape that reflects the diverse cultural fabric of Wales. We are dedicated to amplifying black voices, promoting representation, and creating spaces where black music and culture can thrive.

Consultation with stakeholders

The company’s stakeholders are black musicians in Wales. We will continue to grow the database of artists based in Wales and keep our research updated. We are constantly consulting with them and what barriers they face within the arts sector. We have heard a broad range of ideas and opinions and through active engagement, we amplify the voices of young Black Welsh artists, promote their work, and provide networking opportunities to help them excel in their careers. We believe in creating a platform where they can showcase their talents, gain exposure, and access the resources needed for career advancement. Our other stakeholders are the community in which we work and the surrounding areas of Cardiff where we want to spread our message and promote Black History and our overall mission. We have been consulting with local government, local arts organisations and the general public to identify gaps in the market and what demand there is for specific music genres and events that we plan to showcase in the future

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £500. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed. The directors donated a portion of their time for services provided on a voluntary basis.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
26 November 2023

And signed on behalf of the board by:
Name: D K Bennett
Status: Director