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 2024

Period of accounts

Start date: 1 November 2023

End date: 31 October 2024

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

Contents of the Financial Statements

for the Period Ended 31 October 2024

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 2024

The directors present their report with the financial statements of the company for the period ended 31 October 2024

Principal activities of the company

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.



Directors

The directors shown below have held office during the whole of the period from
1 November 2023 to 31 October 2024

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
16 July 2025

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 2024

2024 2023


£

£
Turnover: 49,301 14,642
Cost of sales: ( 40,602 ) ( 10,657 )
Gross profit(or loss): 8,699 3,985
Administrative expenses: ( 6,962 ) ( 3,620 )
Other operating income: 91
Operating profit(or loss): 1,828 365
Profit(or loss) before tax: 1,828 365
Tax: ( 227 ) 0
Profit(or loss) for the financial year: 1,601 365

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

Balance sheet

As at 31 October 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 533 0
Investments:   0 0
Total fixed assets: 533 0
Current assets
Stocks:   0 0
Debtors: 4 515 0
Cash at bank and in hand: 2,772 2,156
Investments:   0 0
Total current assets: 3,287 2,156
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 227 ) ( 870 )
Net current assets (liabilities): 3,060 1,286
Total assets less current liabilities: 3,593 1,286
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 3,593 1,286
Members' funds
Profit and loss account: 3,593 1,286
Total members' funds: 3,593 1,286

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 2024 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 20 July 2025
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 2024

  • 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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Rendering of Services Turnover 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 the work performed to date to the estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Tangible fixed assets depreciation policy

    Tangible Fixed Assets are depreciated over their expected useful economic life, as follows: Tools and machinery - 6 years IT Equipmemt - 3 years

    Intangible fixed assets amortisation policy

    The Straight-Line Method of amortisation is applied to intangible fixed assets.

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

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    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 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2023 0 0 0
Additions 559 104 663
Disposals
Revaluations
Transfers
At 31 October 2024 559 104 663
Depreciation
At 1 November 2023 0 0 0
Charge for year 94 36 130
On disposals
Other adjustments
At 31 October 2024 94 36 130
Net book value
At 31 October 2024 465 68 533
At 31 October 2023 0 0 0

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

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Debtors

2024 2023
£ £
Trade debtors 515 0
Prepayments and accrued income 0 0
Other debtors 0 0
Total 515 0
Debtors due after more than one year: 0 0

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

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 870
Taxation and social security 227
Total 227 870

COMMUNITY INTEREST ANNUAL REPORT

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

Company Number: 13682833 (England and Wales)

Year Ending: 31 October 2024

Company activities and impact

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.

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 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' remuneration

Directors were paid a total of £28,794 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
16 July 2025

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