CONNECT-CONSERVE CYMRU / CYSWLLT-CADWRAETH CYMRU COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
13682833 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

CONNECT-CONSERVE CYMRU / CYSWLLT-CADWRAETH CYMRU COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 October 2023

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

CONNECT-CONSERVE CYMRU / CYSWLLT-CADWRAETH CYMRU COMMUNITY INTEREST COMPANY

Directors' report period ended 31 October 2023

The directors present their report with the financial statements of the company for the period ended 31 October 2023

Directors

The directors shown below have held office during the whole of the period from
1 November 2022 to 31 October 2023

Victoria Purewal
Annette Townsend
Katherine Andrew
Philippa Rader


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
25 July 2024

And signed on behalf of the board by:
Name: Victoria Purewal
Status: Director

CONNECT-CONSERVE CYMRU / CYSWLLT-CADWRAETH CYMRU COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 October 2023

2023 13 months to 31 October 2022


£

£
Turnover: 14,642 34,257
Cost of sales: ( 10,657 ) ( 31,674 )
Gross profit(or loss): 3,985 2,583
Administrative expenses: ( 3,620 ) ( 3,577 )
Operating profit(or loss): 365 (994)
Profit(or loss) before tax: 365 (994)
Profit(or loss) for the financial year: 365 (994)

CONNECT-CONSERVE CYMRU / CYSWLLT-CADWRAETH CYMRU COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 October 2023

Notes 2023 13 months to 31 October 2022


£

£
Current assets
Debtors: 3 3,662
Cash at bank and in hand: 2,156 1,358
Total current assets: 2,156 5,020
Creditors: amounts falling due within one year: 4 ( 870 ) ( 6,014 )
Net current assets (liabilities): 1,286 (994)
Total assets less current liabilities: 1,286 ( 994)
Total net assets (liabilities): 1,286 (994)
Members' funds
Profit and loss account: 1,286 ( 994)
Total members' funds: 1,286 (994)

The notes form part of these financial statements

CONNECT-CONSERVE CYMRU / CYSWLLT-CADWRAETH CYMRU COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 October 2023 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 July 2024
and signed on behalf of the board by:

Name: Victoria Purewal
Status: Director

The notes form part of these financial statements

CONNECT-CONSERVE CYMRU / CYSWLLT-CADWRAETH CYMRU COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods andfrom the rendering of services. Turnover is reduced for estimated customer returns, rebates andothersimilarallowances.

    Other accounting policies

    Rendering of servicesTurnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

CONNECT-CONSERVE CYMRU / CYSWLLT-CADWRAETH CYMRU COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 13 months to 31 October 2022
    Average number of employees during the period 0 0

CONNECT-CONSERVE CYMRU / CYSWLLT-CADWRAETH CYMRU COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Debtors

2023 13 months to 31 October 2022
£ £
Prepayments and accrued income 3,662
Total   3,662

CONNECT-CONSERVE CYMRU / CYSWLLT-CADWRAETH CYMRU COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Creditors: amounts falling due within one year note

2023 13 months to 31 October 2022
£ £
Trade creditors 870
Accruals and deferred income 6,014
Total 870 6,014

COMMUNITY INTEREST ANNUAL REPORT

CONNECT-CONSERVE CYMRU / CYSWLLT-CADWRAETH CYMRU COMMUNITY INTEREST COMPANY

Company Number: 13682833 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

In Connect-Conserve Cymru’s second year we have maintained our 4 company directors and increased our membership of accredited individuals living and working in Wales. This year focused mainly on developing the company and business skills. VP and PR undertook HR training with Cherry Torrance and VP, PR, KA and AT undertook business growth and management mentoring to help us work together as a board and progress. Both training events were via Cwmpas, who have been a great support to us these past two years. VP also attended sessions on how to write tenders and KA undertook personal growth mentoring via Think, Be Do Leadership lead by Julie Hutchinson. This has helped to change our thinking and inspire us to work together more. This year concentrated on building partnerships and submitting tenders and quotes for future projects. We successfully delivered 4 training events and a mapping project for the Welsh Government and began a collections assessment for a University museum collection. We also offered placements to 2 Cardiff University students. We employed 6 members and 4 non-members. As a membership-based company, we have strengthened relationships within the company and are able to meet physically with the members to maintain connections, share ideas and discuss new projects. The group is spread across Wales and we keep the members abreast of changes within the conservation world. We have had positive feedback from the members who are grateful for the help and support that is there and will continue to be there for them. The membership is growing, and students and emerging and returning professionals are also becoming members.

Consultation with stakeholders

The stakeholders are the members. The membership comprises anyone working and/or living in Wales that is a conservator either an accredited conservator or an emerging or returning professional. The current number of members is c. 30. This CIC was founded to support these individuals during and following lockdown. Connect-Conserve has offered support through in-person meetings, phone calls, emails and zoom meetings. Connect-Conserve offers training opportunities to its members and to students for internships and placements. Work is also found through tendering for projects and the members are at liberty to apply to work on projects within their skills set. All members working on projects run through Connect-Conserve are insured under Connect-Conserves insurance policy. The members are kept up to date on the project undertaken by Connect-Conserve, and are consulted with regarding involvement with strategic Welsh Government policy making, training and contractual work, as well as how the company should develop and grow. We are currently looking to introduce a membership fee to be a member. This was discussed with the members who are in agreement that there should be a fee in the future. An annual general meeting was held for the membership and the directors on 17/10/2023.

Directors' remuneration

Directors were paid a total of £8,778 on normal commercial terms as sub-contractors for professional services rendered to the company.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
26 July 2024

And signed on behalf of the board by:
Name: Dr Victoria Purewal
Status: Director