for the Period Ended 31 October 2024
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 October 2024
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 November 2023
to
31 October 2024
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
| 2024 | 2023 | |
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£ |
£ |
| Turnover: |
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| Cost of sales: |
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| Gross profit(or loss): |
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| Administrative expenses: |
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| Other operating income: |
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| Operating profit(or loss): |
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| Profit(or loss) before tax: |
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| Tax: |
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| Profit(or loss) for the financial year: |
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As at
| Notes | 2024 | 2023 | |
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£ |
£ |
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| Fixed assets | |||
| Intangible assets: |
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| Tangible assets: | 3 |
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| Investments: |
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| Total fixed assets: |
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| Current assets | |||
| Stocks: |
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| Debtors: | 4 |
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| Cash at bank and in hand: |
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| Investments: |
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| Total current assets: |
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| Prepayments and accrued income: |
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| Creditors: amounts falling due within one year: | 5 |
(
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(
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Creditors: amounts falling due after more than one year: |
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| Provision for liabilities: |
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| Accruals and deferred income: |
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| Total net assets (liabilities): |
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| Members' funds | |||
| Profit and loss account: |
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| Total members' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 October 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Intangible fixed assets amortisation policy
for the Period Ended 31 October 2024
| 2024 | 2023 | |
|---|---|---|
| Average number of employees during the period |
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for the Period Ended 31 October 2024
| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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| Cost | £ | £ | £ | £ | £ | £ |
| At 1 November 2023 |
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| Additions |
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| Disposals | ||||||
| Revaluations | ||||||
| Transfers | ||||||
| At 31 October 2024 |
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| Depreciation | ||||||
| At 1 November 2023 |
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| Charge for year |
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| On disposals | ||||||
| Other adjustments | ||||||
| At 31 October 2024 |
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| Net book value | ||||||
| At 31 October 2024 |
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| At 31 October 2023 |
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for the Period Ended 31 October 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors |
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| Total |
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| Debtors due after more than one year: |
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for the Period Ended 31 October 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Trade creditors |
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| Taxation and social security |
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| Total |
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In Connect-Conserve Cymru’s third 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 growing the business and marketing our services. We concentrated on building partnerships and submitting tenders and quotes for future projects, and building on past partnerships with the Welsh Government and the Welsh Federation of Museums. We successfully delivered 4 training events, 2 online on the identification of materials for York Museum Trust and 2 in person on salvage training on behalf of the Welsh Government. We began our 5 year contract with the National Museum of Ireland in conserving their natural history collections. We undertook a collection assessment of two buildings and collections for Conwy Museum Services, provided collection assessments for Aberystwyth University and began a fine art contract with Bangor University. Finally, we visited a church in Northop to provide a condition assessment of 2 Butterworth Tables and will hopefully provide the conservation work pro bono for this collection, as there are currently no funding strands available to them. It is a large project and would employ one of our fine art conservators and an intern for approximately 2 years. We also offered 2 placements to 2 Cardiff University students and employed 7 members and 5 non-members. As a membership-based company, we have strengthened relationships within the company and are able to meet physically with the core 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 via emails and job calls. 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, with students, emerging and returning professionals joining the group.
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 projects 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 during the 2023 AGM and they were in agreement that there should be a fee in the future. An annual general meeting was held for the membership and the directors on 19/11/2024 to update the members on current projects and direction. The Welsh Government and Welsh Federation of Museums are also key stakeholders and VP was a co-opted committee member for the Federation to help understand and deliver the needs of the members.
Directors were paid a total of £28,794 on normal commercial terms as sub-contractors for professional services rendered to the company.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
16 July 2025
And signed on behalf of the board by:
Name: Dr Victoria Purewal
Status: Director