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2022-03-31-accounts

Charity registration number: 1161227

Cynon Valley Museum Trust

Annual Report and Financial Statements

for the Year Ended 31 March 2022

Cynon Valley Museum Trust

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 7
Statement of Trustees' Responsibilities 8
Independent Examiner's Report 9
Statement of Financial Activities 10
Balance Sheet 11
Notes to the Financial Statements 12 to 22
Cynon Valley Museum Trust
Reference and Administrative Details
Chairman R J Jones
Trustees J J Morgan
S Jones
M Passmore
R Grundy
Principal Office Depot Road
Aberdare
CF44 8DL
Charity Registration Number 1161227
Independent Examiner Mitchell Meredith Limited
Chartered Accountants
St Davids House
48 Free Street
Brecon
LD3 7BN

Page 1

Cynon Valley Museum Trust

Trustees' Report

The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2022.

Objectives and activities

Objects and aims

The objectives and activities are enshrined in the charitable objectives

“To advance the education of the public in the local history and heritage, preservation of buildings of historic and/or architectural importance and the industrial heritage of the Cynon Valley and elsewhere by the provision and maintenance of a museum and gallery in Aberdare”

The CVMT achieves this by running a programme of exhibitions across two galleries, a programme of events, digital engagement and the opening of the museum, free to the general public.

The objectives and activities for year are directly related to the continued objectives and activities of the Trust. The achievement of the objectives and activities can be seen in section 4. Achievements and Performance.

The museum works with a wide range partners to achieve these aims from local community groups and artists to nationally profiled artists and bodies bringing them into the Cynon Valley to the benefit of the local community.

Public benefit

The Cynon Valley Museum Trust provide an accessible, interactive and sustainable space to share and celebrate the heritage, arts and culture of the Cynon Valley, the community we represent.

During the accounting period CVMT continues to build on our established position within the community by providing a physical and digital centre for heritage, arts and culture in a space that is accessible to the entire Cynon community physically and digitally. This can be seen in the work to provide two exhibition spaces and a digital gallery, rooms for community use, a permanent historical gallery and online digital space for Cynon history, use of the museum for CVMT and external events and dedicated and well-resourced website. The museum further supports the local economy and cultural sector supporting volunteers, local artists, artisans and crafts people to sell, provide a space to exhibit and a vibrant cultural attraction to benefit of Aberdare and the wider environs of the Cynon Valley.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Page 2

Cynon Valley Museum Trust

Trustees' Report

Achievements and performance

Cynon Valley Museum Online

In the previous financial year we reported that CVM’s online engagement had risen by 628% as a result of the Coronavirus pandemic. With the success of our online presence we have continue to build on this making our digital presence a cornerstone in our offer to the public.

The museum still offer two main streams for digital engagement:

The Museum did not re-open to the public until 1/7/21 due to the covid-19 restrictions and had a total of 3,607 visitors between July and the Year end

The Online Exhibition "250 Years of Co-operation in Wales" was run between May and June 2021 - A photography exhibition, curated by Catherine Evans (Wales Co-operative Centre).

There were a number of physical exhibitions held in the Museum throughout the year by the following:

We have worked with a number of groups and individual throughout the year including the following:

Page 3

Cynon Valley Museum Trust

Trustees' Report

Financial review

Policy on reserves

CVMT’s Reserves Policy has been established to guide CVMT on the continued maintenance of a reserve that is equal or more than 6 months of operating costs. This is a minimum of £33,700.00.

This policy is intended to outline the use of reserves – in two significant cases (below) they must be utilised. Other uses of reserves can be decided by the Board of Trustees on an ad hoc basis.

1. Unanticipated expenditure or loss of income

If the CVMT finds itself losing a significant income stream, e.g. closure of the café, temporary closure of galleries, reserves can be utilised to allow the Museum to operate until the situation is resolved, or other sources of income can be identified.

2. Winding up of the charity

In the case where the CVMT decides to wind up and close the charity, reserves should be used to ensure debts are paid, including staff. In these circumstances, the Museum Manager would take a central role in the winding up.

3. Other uses of reserves

Use of reserves which fall outside of these circumstances, for example, investment in capital, or match funding for a grant application, are permitted but must be made at a Full Board meeting and clear steps should be outlined about how the CVMT will reimburse the reserves following the expenditure. At no point in time should 100% of the reserves held be used for functions other than the two outlined above.

Plans for future periods

Recognising that there was a pressing need to secure long-term funding, the Board commissioned the services of Headland Design. To work with a special projects task force on securing the Pen Y Cymoedd bid. This task force is made up of 3 Trustees and representatives from the consultancy. It has become apparent over time that CVM’s boiler system is failing rapidly so an application is being made to the Welsh Governments Transformation Grant.

The Museum Facilitator had been able to source a series of small grants to allow individual projects to be run throughout the forthcoming financial year. This will help to ensure that CVM offers a fresh and up to date service to the community.

The Museum plans to continue using the accrual system of accounting and intends to continue using the financial monitoring procedures to report on grant spending and income increasing the museums financial management capacity.

The Board of Trustees are working on finalising a 5 year plan with the intention that it will be adopted in early 2023; this plan will be a robust working document and will be operational for the following 5 years.

Page 4

Cynon Valley Museum Trust

Trustees' Report

Structure, governance and management

Nature of governing document

The charity is a charitable incorporated organisation (CIO) and is controlled by its constitution dated 5 September 2014.

Recruitment and appointment of trustees

Trustees are recruited through word of mouth and advertising when a skills gap or vacancy arises.Training is reviewed periodically and courses sourced where appropriate, trustee training is monitored as part of regular governance reviews by CVMT officers.

Each prospective trustee meets two new trustees and the manager to talk about the trust and their reasoning behind joining; subsequently the prospective trustee’s CV are provided to each current board member for consideration at the next board meeting.

Once that is approved the prospective trustee is invited to come to a board meeting to observe, should that trustee then accept the offer to join the board they will receive an induction pack containing forms and policies and procedures. This pack will also contain all the relevant Service Level Agreements, Grant forms and Licences with third parties.

Page 5

Cynon Valley Museum Trust

Trustees' Report

Organisational structure

The charity is governed by an established constitution which is supplemented by a five-year business plan. This plan is currently being reviewed by the Board of Trustees. Its mission statement is to: provide an accessible, interactive and sustainable space to share and celebrate the heritage, arts and culture of the Cynon Valley.

The Cynon Valley Museum is managed by a board of Trustees, this trustee board has two officers (a Chairperson and Secretary) these are appointed at our Annual General Meeting. The CVMT continued through the financial year with the core team unchanging composed of the Museum Manager, Museum Co-ordinator, Fundraising Officer and Museum Assistant. Since restrictions have been lifted post-COVID the volunteer numbers have increased to somewhere around where they were pre-pandemic.

The board currently operates with two sub-committees; Operational Sub-Committee deals with all aspects of the operation of the museum, from staff to structural issues. Finance sub-committee is responsible for overseeing the finances for the trust, this includes grant funding and income from other sources. Ad hoc sub committees and task and finish groups are sometimes used where a particular need arises, in these instances records are kept of meetings and decisions made.

The trustees have a risk register in place which is monitored on a regular basis. These risks are reviewed by a designated trustee and are acted upon. Systems are put in place to mitigate these risks

Strategic decisions are made by the board of trustees at a monthly meeting, these meetings are minuted and recorded for future reference. The Chair has some delegated responsibility to make major decisions that are time sensitive, these decisions must be fed back to the board at the earliest opportunity.

Staff members have operational decision-making powers with latitude to carry out all day-to-day decisions in order for the museum to be fully operational. This is managed within the framework of CVMT policies demonstrating the situations where staff are able to make decisions and where decisions must be deferred to the board of trustees.

The trust has built a strong bond within not only the local community but also in the historic and third sector community. Our work has been used as case studies for best practice and heralded as positive and ambitious, for example case studies of the museums work to build partnerships and utilise the space for local communities.

CVMT maintains a good relationship with our landlords RCT CBC.

CVMT meet on a quarterly basis with RCT CBC Department Corporate Estates maintaining a good working relationship with the department ensuring the continued maintenance of the museum building.

CVMT maintains a good working relationship with RCT CBC Heritage Services working to ensure the continued public access to the collection, working to display the collection in temporary and permanent exhibitions.

CVMT has maintained a good relationship with our funders including Pen Y Cymoedd, Welsh Museums Federation, Association of Independent Museums and MALD.

Page 6

Cynon Valley Museum Trust

Trustees' Report

Relationships with related parties

The CVMT works closely with a number of local organisations and embeds community participation across its activities.

• CVMT has a Memorandum of Understanding with other local organisations, including the Cynon Linc Project and St Elvan’s Community Heritage Project, focussed on marketing and shared room hire.

• CVMT works with a number of partnerships with other local museums, such as:

• Pontypridd Museum and the Welsh Mining Experience at Rhondda Heritage Park, to organise joint events or signpost to each other’s organisations.

• Cynon Valley PALs to make the museum more autism friendly.

• CVMT continues to run a successful loan box programme working with local schools.

Major risks and management of those risks

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

01/25/2023 The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:

R J Jones Chairman

Page 7

Cynon Valley Museum Trust

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 8

Cynon Valley Museum Trust

Independent Examiner's Report to the Trustees of Cynon Valley Museum Trust

I report to the trustees on my examination of the accounts of Cynon Valley Museum Trust for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity trustees of Cynon Valley Museum Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Cynon Valley Museum Trust 's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of Cynon Valley Museum Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

M L Barnes FCA FCCA Mitchell Meredith Limited

Chartered Accountants St Davids House 48 Free Street Brecon LD3 7BN

Date:.............................

Page 9

Cynon Valley Museum Trust

Statement of Financial Activities for the Year Ended 31 March 2022

Note
Income and Endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investment income
6
Other income
Total Income
Expenditure on:
Charitable activities
Total Expenditure
Net income/(expenditure)
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
19		 Unrestricted
£
16,133
10,149
162
3
10,392
36,839
(28,393)
(28,393)
8,446
8,446
61,306
69,752		 Restricted
£
-
123,984
-
-
-
123,984
(159,250)
(159,250)
(35,266)
(35,266)
206,074
170,808		 Total
2022
£
16,133
134,133
162
3
10,392
160,823
(187,643)
(187,643)
(26,820)
(26,820)
267,380
240,560		 Total
2021
£
46,863
177,834
1,239
18
17,072
243,026
(121,049)
(121,049)
121,977
121,977
145,403
267,380

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2021 is shown in note 19.

The notes on pages 12 to 22 form an integral part of these financial statements. Page 10

Cynon Valley Museum Trust

(Registration number: 1161227) Balance Sheet as at 31 March 2022

Note
Fixed assets
Tangible assets
14
Current assets
Debtors
15
Cash at bank and in hand
16
Creditors: Amounts falling due within one year
17
Net current assets
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
Unrestricted income funds
Unrestricted funds
Total funds
19		 2022
£
163,612
2,973
90,987
93,960
(17,012)
76,948
240,560
170,808
69,752
240,560		 2021
£
111,932
54,269
152,973
207,242
(51,794)
155,448
267,380
206,074
61,306
267,380

The financial statements on pages 10 to 22 were approved by the trustees, and authorised for issue on 01/25/2023 .................... and signed on their behalf by:

R J Jones Chairman

The notes on pages 12 to 22 form an integral part of these financial statements. Page 11

Cynon Valley Museum Trust

Notes to the Financial Statements for the Year Ended 31 March 2022

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

Cynon Valley Museum Trust meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Changes in accounting policy

The accounting policy of the accruals basis has been adopted for these accounts and the compartives recalculated from the cash basis

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Page 12

Cynon Valley Museum Trust

Notes to the Financial Statements for the Year Ended 31 March 2022

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £150.00 or more are initially recorded at cost.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Property Improvements Over the term of the lease 10 Years
Computer and office Equipment 3 years S/L and 5 years S/L
Fixtures & Fittings 3 years S/L

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 13

Cynon Valley Museum Trust

Notes to the Financial Statements for the Year Ended 31 March 2022

Trade creditors

are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2 Income from donations and legacies

Donations and legacies;
Donations
Gift aid reclaimed
Grants		 Unrestricted
funds
General
£
1,118
-
15,015
16,133		 Total
2022
£
1,118
-
15,015
16,133		 Total
2021
£
1,093
770
45,000
46,863

Page 14

Cynon Valley Museum Trust

Notes to the Financial Statements for the Year Ended 31 March 2022

3 Grants

Pen Y Cymoedd
Welsh Church Act Fund
Museum Federation
Interlink
Welsh Government
Job Retention Scheme
National Heritage Lottery
Peoples Health Trust
Moondance Foundation
Rhondda Cynon Taff		 Unrestricted
Restricted
Funds
Funds
£
£
-
61,808
-
50,000
-
5,419
-
-
-
8,050
-
375
-
-
(1,668)
-
-
15,015
-
15,015
123,984		 Total Funds
2022
£
61,808
50,000
5,419
-
8,050
375
-
(1,668)
-
15,015
138,999		 Total Funds
2021
£
47,967
-
11,424
1,735
70,865
7,086
22,000
-
13,031
45,000
219,108

4 Income from charitable activities

Shop and Gallery
Grants - see note 3		 Unrestricted
funds
General
£
10,149
-
10,149		 Restricted
funds
£
-
123,984
123,984		 Total
2022
£
10,149
123,984
134,133		 Total
2021
£
3,726
174,108
177,834

5 Income from other trading activities

Fundraising Unrestricted
funds
General
£
162
162		 Total
2022
£
162
162		 Total
2021
£
1,239
1,239

Page 15

Cynon Valley Museum Trust

Notes to the Financial Statements for the Year Ended 31 March 2022

6 Investment income

Interest receivable and similar income;
Interest receivable on bank deposits		 Unrestricted
funds
General
£
3		 Total
2022
£
3		 Total
2021
£
18

7 Other income

Unrestricted
funds Total Total
General 2022 2021
£ £ £
Rental income 10,392 10,392 17,072

8 Expenditure on charitable activities

Note
Direct costs
Staff costs
Allocated support
costs
Governance costs		 Unrestricted
funds
General
£
11,501
-
16,892
-
28,393		 Restricted
funds
£
-
80,937
76,353
1,960
159,250		 Total
2022
£
11,501
80,937
93,245
1,960
187,643		 Total
2021
£
3,175
61,246
54,708
1,920
121,049

Page 16

Cynon Valley Museum Trust

Notes to the Financial Statements for the Year Ended 31 March 2022

9 Analysis of governance and support costs

Governance costs

Independent examiner fees
Examination of the financial statements
Analysis of support costs
Establishment costs
Repairs and Maintenance
Office expenses
Printing, postage and stationery
Subscriptions
Hire of plant
Sundry costs
Cleaning
Travel
Advertising
Accountancy
Legal and Professional
Bad debt written off
Bank charges and Interest
Depreciation		 Restricted
Total
Total
funds
£
2022
£
2021
£
1,960
1,960
1,920
1,960
1,960
1,920
Charitable
Activity
Total
Total
2022
2021
£
£
£
20,102
20,102
16,447
8,322
8,322
489
4,489
4,489
3,721
4,288
4,288
294
709
709
411
3,130
3,130
3,130
4,940
4,940
2,072
6,337
6,337
2,017
329
329
553
1,252
1,252
175
1,063
1,063
1,125
5,360
5,360
3,070
-
-
539
636
636
462
32,288
32,288
20,203
93,245
93,245
54,708		 Total
2021
£
1,920
1,920

10 Net incoming/outgoing resources

Net (outgoing)/incoming resources for the year include:

Depreciation of fixed assets

2022 2021
£ £
32,288 20,696

Page 17

Cynon Valley Museum Trust

Notes to the Financial Statements for the Year Ended 31 March 2022

11 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

12 Staff costs

The aggregate payroll costs were as follows:

The aggregate payroll costs were as follows:
Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs		 2022
£
77,430
1,921
1,586
80,937		 2021
£
59,782
260
1,204
61,246

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

2022 2021
No No
Charitable activities 4 4

4 (2021 - 4) of the above employees participated in the Defined Contribution Pension Schemes.

No employee received emoluments of more than £60,000 during the year

The total employee benefits of the key management personnel of the charity were £33,636 (2021 - £35,913).

The chief executive officer, as the highest paid member of staff, received benefits totalling £33,636 (2021 - £23,112).

13 Taxation

The charity is a registered charity and is therefore exempt from taxation.

Page 18

Cynon Valley Museum Trust

Notes to the Financial Statements for the Year Ended 31 March 2022

14 Tangible fixed assets

14 Tangible fixed assets
Cost
At 1 April 2021
Additions
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021		 Land and
buildings
£
151,152
83,968
235,120
48,666
23,512
72,178
162,942
102,486		 Furniture and
equipment
£
26,941
-
26,941
17,495
8,776
26,271
670
9,446		 Total
£
178,093
83,968
262,061
66,161
32,288
98,449
163,612
111,932

Included within the net book value of land and buildings above is £Nil (2021 - £Nil) in respect of freehold land and buildings and £162,942 (2021 - £102,486) in respect of leaseholds.

15 Debtors

Trade debtors
Prepayments
16 Cash and cash equivalents
Cash at bank
17 Creditors: amounts falling due within one year
Trade creditors
Other taxation and social security
Pension contributions unpaid
Creditors and accruals		 2022
£
816
2,157
2,973
2022
£
90,987
2022
£
531
2,295
636
13,550
17,012		 2021
£
8,068
46,201
54,269
2021
£
152,973
2021
£
-
2,258
648
48,888
51,794

Page 19

Cynon Valley Museum Trust

Notes to the Financial Statements for the Year Ended 31 March 2022

18 Commitments

Other financial commitments

Equipment hire totalling £3,130 per annum and which is due to end in March 2024 The total amount of other financial commitments not provided in the financial statements was £6,260 (2021 - £9,390).

19 Funds

19 Funds
Unrestricted funds
General
General fund
Restricted funds
Pen Y Cymoedd Wind Farm
Community Fund
AIM Hallmarks in Wales Grant
Federation of Museums
Sporting Heritage
Peoples Health Trust
Groundwork UK
Interlink
Welsh Government
National Heritage Lottery
Job Retention Scheme
Moondance Foundation
Welsh Church Act Fund
Total restricted funds
Total funds		 Balance at 1
April 2021
£
61,306
106,926
910
7,706
167
1,668
1,450
80
62,022
12,114
-
13,031
-
206,074
267,380		 Incoming
resources
£
36,839
61,808
-
5,419
-
-
-
-
8,049
-
375
-
50,000
125,651
162,490		 Resources
expended
£
(28,393)
(81,449)
(304)
(7,786)
(167)
(1,668)
-
-
(41,144)
(9,993)
(375)
(13,031)
(5,000)
(160,917)
(189,310)		 Balance at 31
March 2022
£
69,752
87,285
606
5,339
-
-
1,450
80
28,927
2,121
-
-
45,000
170,808
240,560

Page 20

Cynon Valley Museum Trust

Notes to the Financial Statements for the Year Ended 31 March 2022

Unrestricted funds
General
General fund
Restricted
Pen Y Cymoedd Wind Farm
Community Fund
AIM Hallmarks in Wales Grant
Federation of Museums
Sporting Heritage
Peoples Health Trust
Groundwork UK
Interlink
Welsh Government
National Heritage Lottery
Job Retention Scheme
Moondance Foundation
Total restricted funds
Total funds		 Balance at 1
April 2020
£
12,736
117,753
1,926
4,457
333
6,748
1,450
-
-
-
-
-
132,667
145,403		 Incoming
resources
£
68,918
47,967
-
11,424
-
-
-
1,735
70,865
22,000
7,086
13,031
174,108
243,026		 Resources
expended
£
(20,348)
(58,794)
(1,016)
(8,175)
(166)
(5,080)
-
(1,655)
(8,843)
(9,886)
(7,086)
-
(100,701)
(121,049)		 Balance at 31
March 2021
£
61,306
106,926
910
7,706
167
1,668
1,450
80
62,022
12,114
-
13,031
206,074
267,380

Page 21

Cynon Valley Museum Trust

Notes to the Financial Statements for the Year Ended 31 March 2022

The specific purposes for which the funds are to be applied are as follows:

Pen Y Cymoedd Wind Farm Community Fund represents funding towards capital work, rebranding and salaries until 2021.

AIM Hall Marks in Wales Grant represents funding towards training, staff, capital equipment and supporting volunteers.

Federation of Museums represents funding towards costs incurred for making the foyer a warmer welcome for visitors to the museum.

Sporting Heritage represents funding towards supporting and developing the Ruby in Wales Exhibition.

Peoples Health Trust represents funding towards The Cynon Cooperatives project.

Groundwork UK represents funding towards the Growing Boxes Project.

Interlink provided funds towards engaging museum audiences online during the covid-19 pandemic.

Welsh Governement represents funding towards the remodelling of the toilet and office facilities at the Museum.

National Heritage Lottery represents funding towards the purchase and installation of a new CCTV system, computer, Recruitment of a Museum Assistant, and PPE equipment.

Job Retention Scheme is a contribution towards salaries during the covid 19 pandemic.

Moondance Foundation represents funding towards staff and core cost of the Museum.

Welsh Church Act Fund reprents funding towards the remodelling of the toilets and office facilities at the museum.

20 Analysis of net assets between funds

20 Analysis of net assets between funds
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
General
£
416
86,348
(17,012)
69,752		 Restricted
funds
£
163,196
7,612
-
170,808		 Total funds at
31 March
2022
£
163,612
93,960
(17,012)
240,560

Page 22

Tel: 01874 622528 Fax: 01874 615015 enquiries@mitchellmeredith.co.uk www.mitchellmeredith.co.uk

St David’s House 48 Free Street Brecon LD3 7BN

Our Ref: C010-L/MB/MH

Date: 18 January 2023

Private and Confidential

Mr R J Jones Cynon Valley Museum Trust Depot Road Aberdare CF44 8DL

Dear Richard

Accounts for the year ended 31 March 2022

I now have pleasure in enclosing the charity accounts for the period ending 31 March 2022 for approval and signature by the board.

I also enclose the usual letter of representation, CT600 and CT600E for signature and return to this office.

As this now completes our work in respect of the above, I take this opportunity of enclosing a note of my firm’s fees for your kind attention. Due to the difficulty in getting the relevant information on the funds and the additional time taken to do so, we have had to increase our fees slightly. We have not passed on the full costs of completion of the accounts and have written off costs to the value of £1,800. Going forward and to reduce the possibility of being in the same position next year, have you considered using computer software. Xero software which is the software we use to code your bank statements on to, is easy to use and you will be able to track the funds electronically, reducing the amount of time it takes you to complete the various spreadsheets. The bank statements can be automatically imported from you bank on a bank feed and then you just reconcile the transactions to the relevant expense or income code. The monthly subscription for the Xero Non -Vat Cash book will be £5 + vat per month. If this is something that you would be interested in please let me know.

Yours sincerely

M Harris

For and on behalf of Mitchell Meredith Limited

Enc

Mitchell Meredith is the trading name of Mitchell Meredith Limited Company No 4163265 Vat Reg No 771 3600 44 Registered in England and Wales Registered Office: The Exchange, Fiveways, Temple Street, Llandrindod Wells, Powys, LD1 5HG

Registered to carry on audit work in the UK and regulated for a range of investment business activities by The Institute of Chartered Accountants in England and Wales

Company Tax Return CT600 (2022) Version 3

for accounting periods starting on or after 1 April 2015

Your Company Tax Return

If we send the company a 'Notice' to deliver a Company Tax Return it has to comply by the filing date or we charge a penalty, even if there is no tax to pay.

A return includes a Company Tax Return form, any supplementary pages, accounts, computations and any relevant information. The CT600 Guide tells you how the return must be formatted and delivered. It contains general information you may need to deliver your return, links to more detailed advice and box-by-box guidance for this form and the supplementary pages.

The forms in the CT600 series set out the information we need and provide a standard format for calculations.

Company information

1
Company registration number
2
Company name
Tax reference
3
Type of company
4		 Cynon Valley Museum Trust
C
E
0
0
3
8
7
0
6
7
5
6
7
0
8
6
8
2
0

Northern Ireland (NI)

Put an 'X' in the appropriate boxes below
5 NI trading activity 6 SME
7 NI employer 8 Special circumstances

About this return

This is the tax return for the company named above, for the period below This is the tax return for the company named above, for the period below
30 fromDD MM YYYY 35 toDD MM YYYY
0
1
0
4
2
0
2
1		 3 1 0 3 2 0 2 2
Put an 'X' in the appropriate boxes below
40 A repayment is due for this return period
45 Claim or relief affecting an earlier period
50 Making more than one return for this company now
55 This return contains estimated figures
60 Company part of a group that is not small
65 Notice of disclosable avoidance schemes
Transfer pricing
70 Compensating adjustment claimed
75 Company qualifies for SME exemption

BS 05/04 H M R C 0 4 / 2 2

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About this return - continued

Accounts and computations

80 I attach accounts and computations for the period to which this return relates

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Supplementary pages enclosed

100 Controlled foreign companies, foreign permanent establishment exemptions, hybrid and other mismatches - form CT600B 105 Group and consortium - form CT600C

110 Insurance - form CT600D 115 Charities and Community Amateur Sports Clubs (CASCs) - form CT600E 120 Tonnage tax - form CT600F 125 Northern Ireland - form CT600G 130 Cross-border royalties - form CT600H

135 Supplementary charge in respect of ring fence trades - form CT600I 140 Disclosure of Tax Avoidance Schemes - form CT600J 141 Restitution tax - form CT600K 142 Research and Development - form CT600L 143 Freeports - form CT600M

Tax calculation

Turnover

145 Total turnover from trade £ • 0 0 150 Banks, building societies, insurance companies and other financial concerns - put an 'X' in this box if you do not have a recognised turnover and have not made an entry in box 145 Income 155 Trading profits £ 0 • 0 0 160 Trading losses brought forward set against trading profits £ • 0 0 165 Net trading profits - box 155 minus box 160 £ 0 • 0 0 170 Bank, building society or other interest, and profits £ • 0 0 from non-trading loan relationships

Income

172 Put an 'X' in box 172 if the figure in box 170 is net of carrying back a deficit from a later accounting period

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Income - continued

175 Annual payments not otherwise charged to Corporation Tax £ • 0 0
and from which Income Tax has not been deducted
180 Non-exempt dividends or distributions from £ • 0 0
non-UK resident companies
185 Income from which Income Tax has been deducted £ • 0 0
190 Income from a property business £ 0 • 0 0
195 Non-trading gains on intangible fixed assets £ • 0 0
200 Tonnage tax profits £ • 0 0
205 Income not falling under any other heading £ • 0 0

Chargeable gains
210 Gross chargeable gains £ • 0 0
215 Allowable losses including losses brought forward £ • 0 0
220 Net chargeable gains- box 210 minus box 215 £ • 0 0
Profits before deductions and reliefs
225 Losses brought forward against certain investment income £ • 0 0
230 Non-trade deficits on loan relationships (including interest) £ • 0 0
and derivative contracts (financial instruments)
brought forward set against non-trading profits
235 Profits before other deductions and reliefs -net sum of £ 0 • 0 0
boxes 165 to 205 and 220 minus sum of boxes 225 and 230
Deductions and reliefs
235
40		 Losses on unquoted shares £ • 0 0
245 Management expenses £ • 0 0
250 UK property business losses for this or previous £ • 0 0
accounting period
255 Capital allowances for the purposes of management £ • 0 0
of the business
260 Non-trade deficits for this accounting period from loan £ • 0 0
relationships and derivative contracts (financial instruments)

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Deductions and Reliefs - continued

263 Carried forward non-trade deficits from loan relationships
and derivative contracts (financial instruments) £ • 0 0
Deductions and Reliefs continued
Non-trading losses on intangible fixed assets
265		 £ • 0 0
275 Total trading losses of this or a later accounting period £ • 0 0
280 Put an 'X' in box 280 if amounts carried back from later
accounting periods are included in box 275
285 Trading losses carried forward and claimed against total profits £ • 0 0
290 Non-trade capital allowances £ • 0 0
295 Total of deductions and reliefs £ • 0 0
- total of boxes 240 to 275, 285 and 290
300 Profits before qualifying donations and group relief £ 0 • 0 0
- box 235 minus box 295
305 Qualifying donations £ • 0 0
310 Group relief £ • 0 0
312 Group relief for carried forward losses £ • 0 0
315 Profits chargeable to Corporation Tax £ 0 • 0 0
- box 300 minus boxes 305, 310 and 312
320 Ring fence profits included £ • 0 0
325 Northern Ireland profits included £ • 0 0

Tax calculation

Enter how much profit has to be charged and at what rate

----- Start of picture text -----
Financial Amount of profit Rate of tax Tax
year (yyyy)
%
330 2021 335 £ 340 345 £ 0.00 p
350 £ 355 360 £ p
365 £ 370 375 £ p
380 385 £ 390 395 £ p
400 £ 405 410 £ p
415 £ 420 425 £ p
Corporation Tax - total of boxes 345, 360, 375, 395, 410 and 425 430 £ •
Marginal relief for ring fence trades 435 £ •
Corporation Tax chargeable - box 430 minus box 435 440 £ 0 • 0 0
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Reliefs and deductions in terms of tax
445 Community Investment Tax Relief £ •
450 Double Taxation Relief £ •
455 Put an 'X' in box 455 if box 450 includes an underlying
rate relief claim
460 Put an 'X' in box 460 if box 450 includes an amount carried
back from a later period
465 Advance Corporation Tax £ •
470 Total reliefs and deduction in terms of tax £ •
- total of boxes 445, 450 and 465
Coronavirus support schemes and overpayments (see CT600 Guide for definitions)
471 Coronavirus Job Retention Scheme (CJRS) received £ •
472 CJRS entitlement £ •
473 CJRS overpayment already assessed or voluntarily disclosed £ •
474 Other coronavirus overpayments £ •
Calculation of tax outstanding or overpaid
475 Net Corporation Tax liability -box 440 minus box 470 £ •
480 Tax payable on loans and arrangements to participators £ •
485 Put an 'X' in box 485 if you completed box A70 in the
supplementary pages CT600A
490 Controlled Foreign Companies (CFC) tax payable £ •
495 Bank levy payable £ •
496 Bank surcharge payable £ •
500 CFC tax, bank levy and bank surcharge payable £ •
- total of boxes 490, 495 and 496
505 Supplementary charge (ring fence trades) payable £ •
510 Tax chargeable -total of boxes 475, 480, 500 and 505 £ •
515 Income Tax deducted from gross income included in profits £ •
520 Income Tax repayable to the company £ •
525 Self-assessment of tax payable before restitution tax £ 0 • 0 0
and coronavirus support scheme overpayments
- box 510 minus box 515

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Calculation of tax outstanding or overpaid - continued
526 Coronavirus support schemes overpayment now due
- total of boxes 471 and 474 minus boxes 472 and 473		 £ •
527 Restitution tax £ •
528 Self-assessment of tax payable £ •
- total of boxes 525, 526 and 527

Tax reconciliation
530 Research and Development credit £ •
535 (Not currently used) £ •
540 Creative tax credit £ •
545 Total of Research and Development credit £ •
and creative tax credit -total box 530 to 540
550 Land remediation tax credit £ •
555 Life assurance company tax credit £ •
560 Total land remediation and life assurance company tax credit £ •
- total box 550 and 555
565 Capital allowances first-year tax credit £ •
570 Surplus Research and Development credits or £ •
creative tax credit payable -box 545 minus box 525
575 Land remediation or life assurance company tax credit payable £ •
- total of boxes 545 and 560 minus boxes 525 and 570
580 Capital allowances first-year tax credit payable £ •
- boxes 545, 560 and 565 minus boxes 525, 570 and 575
585 Ring fence Corporation Tax included £ •
586 NI Corporation Tax included £ •
590 Ring fence supplementary charge included £ •
595 Tax already paid (and not already repaid) £ •
600 Tax outstanding £ •
- box 525 minus boxes 545, 560, 565 and 595
605 Tax overpaid including surplus or payable credits £ •
- total sum of boxes 545, 560, 565 and 595 minus 525

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Tax reconciliation - continued

610 Group tax refunds surrendered to this company £ • 615 Research and Development expenditure credits £ • surrendered to this company

Exporter information

During the return period, did the company export goods and/or services to individuals, enterprises or organisations outside the United Kingdom (UK)? 616 Yes - goods 617 Yes - services 618 No - neither

Indicators and information

620 Franked investment income/Exempt ABGH distributions £ • 0 0 625 Number of 51% group companies Put an 'X' in the relevant boxes, if in the period, the company: 630 should have made (whether it has or not) instalment payments as a large company under the Corporation Tax (Instalment Payments) Regulations 631 should have made (whether it has or not) instalment payments as a very large company under the Corporation Tax (Instalment Payments) Regulations 635 is within a group payments arrangement for the period 640 has written down or sold intangible assets 645 has made cross-border royalty payments 647 Eat Out to Help Out Scheme: reimbursed discounts £ • 0 0 included as taxable income

Information about enhanced expenditure

Research and Development (R&D) or creative enhanced expenditure

----- Start of picture text -----
650 Put an 'X' in box 650 if the claim is made by a small or medium-sized
enterprise (SME), including a SME subcontractor to a large company
655 Put an 'X' in box 655 if the claim is made by a large company
660 R&D enhanced expenditure £ • 0 0
665 Creative enhanced expenditure £ • 0 0
670 R&D and creative enhanced expenditure £ • 0 0
total box 660 and box 665
675 R&D enhanced expenditure of a SME on work £ • 0 0
subcontracted to it by a large company
680 Vaccine research expenditure £ • 0 0
Land remediation enhanced expenditure
685 Enter the total enhanced expenditure £ • 0 0
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Information about capital allowances and balancing charges Allowances and charges in calculation of trading profits and losses

Capital allowances Capital allowances Capital allowances Capital allowances Capital allowances Balancing charges Balancing charges Balancing charges Balancing charges Balancing charges
Annual investment 690 £
allowance
Machinery and plant 691 £ 692 £
- super-deduction
Machinery and plant 693 £ 694 £
- special rate allowance
Machinery and plant 695 £ 700 £
- special rate pool
Machinery and plant 705 £ 710 £
- main pool
Structures and
buildings		 711 £
Business premises 715 £ 720 £
renovation
Other allowances 725 £ 730 £
and charges
Capital allowances Disposal value
Electric 713 £ 714 £
charge-points
Enterprise zones 721 £ 722 £
Zero emissions 723 £ 724 £
goods vehicles
Zero emissions 726 £ 727 £
cars

Allowances and charges not included in the calculation of trading profits and losses

Capital allowances Capital allowances Capital allowances Capital allowances Capital allowances Balancing charges Balancing charges Balancing charges Balancing charges Balancing charges
Annual investment 735 £
allowance
Structures and 736 £
buildings
Business premises 740 £ 745 £
renovation
Machinery and plant 741 £ 742 £
- super-deduction
Machinery and plant 743 £ 744 £
- special rate allowance
Other allowances 750 £ 755 £
and charges
Capital allowances Disposal value
Electric 737 £ 738 £
charge-points
Enterprise zones 746 £ 747 £
Zero emissions 748 £ 749 £
goods vehicles
Zero emissions 751 £ 752 £
cars

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Qualifying expenditure

760 Machinery and plant on which first £ • 0 0
year allowance is claimed
765 Designated environmentally friendly £ • 0 0
machinery and plant
770 Machinery and plant on long-life £ • 0 0
assets and integral features
771 Structures and buildings £ • 0 0
772 Machinery and plant £ • 0 0
- super-deduction
773 Machinery and plant £ • 0 0
- special rate allowance
775 Other machinery and plant £ • 0 0

Losses, deficits and excess amounts

Amount arising

Amount Amount Maximum available Maximum available Maximum available Maximum available Maximum available for surrender for surrender for surrender for surrender
as group relief
Losses of trades 780 £ 785 £
carried on wholly
or partly in the UK
Losses of trades 790 £
carried on wholly
outside the UK
Non-trade deficits 795 £ 800 £
on loan relationships
and derivative contracts
UK property 805 £ 810 £
business losses
Overseas property 815 £
business losses
Losses from 820 £
miscellaneous
transactions
Capital losses 825 £
Non-trading losses on
intangible fixed assets		 830 £ 835 £

Excess amounts

----- Start of picture text -----
Amount Maximum available for surrender
as group relief
Non-trade capital 840 £
allowances
Qualifying donations 845 £
Management expenses 850 £ 855 £
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Northern Ireland information

856 Amount of group relief claimed which relates to NI trading £ • 0 0
losses used against rest of UK/mainstream profits
857 Amount of group relief claimed which relates to NI trading £ • 0 0
losses used against NI trading profits
858 Amount of group relief claimed which relates to rest of
UK/mainstream losses used against NI trading profits		 £ • 0 0

Overpayments and repayments

Small repayments

860 Do not repay sums of £ • 0 0 or less. Read the overpayments and repayments section of the Company Tax Return Guide for specific guidance on when and how to make an entry in this box.

Repayments for the period covered by this return
865 Repayment of Corporation Tax £ •
870 Repayment of Income Tax £ •
875 Payable Research and Development tax credit £ •
880 Payable Research and Development expenditure credit £ •
885 Payable creative tax credit £ •
890 Payable land remediation or life assurance company £ •
tax credit
895 Payable capital allowances first-year tax credit £ •

Surrender of tax refund within group

Including surrenders under the Instalment Payments Regulations Including surrenders under the Instalment Payments Regulations
900 The following amount is to be surrendered £ •
Put an 'X' in the appropriate boxes below
the joint Notice is attached 905
or
will follow 910
915 Please stop repayment of the following amount £ •
until we send you the Notice

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Bank details (for person to whom a repayment is to be made)

920 Name of bank or building society 925 Branch sort code 930 Account number 935 Name of account 940 Building society reference

Payments to a person other than the company

950 of (enter company name)

955 authorise (enter name) 960 of address (enter address)

965 Nominee reference

to receive payment on company's behalf

970 Name

Declaration

Declaration

I declare that the information I have given on this Company Tax Return and any supplementary pages is correct and complete to the best of my knowledge and belief.

I understand that giving false information in the return, or concealing any part of the company's profits or tax payable, can lead to both the company and me being prosecuted.

975 Name MR R JONES

----- Start of picture text -----
980 Date DD MM YYYY
01/25/2023
985 Status
Chairman
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Company Tax Return - supplementary page Charities and Community Amateur Sports Clubs (CASCs) CT600E (2015) Version 3 for accounting periods starting on or after 1 April 2015

Guidance

Guidance about when and how to complete this supplementary page can be found in the CT600 Guide.

For further information read What supplementary pages do I need to complete and include as part of the Company Tax Return? to find out what supplementary pages you need to complete.

Also, read the Important points about all supplementary pages and CT600E - Charities and Community Amateur Sports Clubs (CASCs) for further guidance about completing this supplementary page.

Company information

----- Start of picture text -----
E1 Company name Cynon Valley Museum Trust
(name of charity or CASC)
6 7 5 6 7 0 8 6 8 2
E2 Tax reference
Period covered by this supplementary page (cannot exceed 12 months)
E3 from DD MM YYYY 0 1 0 4 2 0 2 1
E4 to DD MM YYYY 3 1 0 3 2 0 2 2
Claims to exemption (this section should be completed in all cases)
Charity/CASC repayment reference E5
Charity Commission registration number, or E10 1161227
OSCR number (if applicable)
Put an 'X' in the relevant box if during the period covered by these supplementary pages:
The company was a charity/CASC and is claiming E15 
exemption from all tax on all or part of its income
and gains (Also put an 'X' in box E15 if the company
was a charity/CASC but had no income or gains in the period)
All income and gains are exempt from tax and have been, E20 
or will be, applied for charitable or qualifying purposes only
Some of the income and gains may not be exempt or have E25
not been applied for charitable or qualifying purposes only,
and I have completed form CT600
I claim exemption from tax
Name E30 Mr R Jones
Status E35 Chairman
Date DD MM YYYY E40 01/25/2023
----- End of picture text -----

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Repayments

To make a repayment claim for the period covered by these supplementary pages, please register and enrol to use the Charities Online service. See CT600 guide for further information.

Put an 'X' in the box if during the period covered by these supplementary pages you have over claimed tax. E45

Information required

Enter details of any income received from the following sources, claimed as exempt from tax in the hands of the charity/CASC. Enter the figure included in the charity's/CASC'S accounts for the period covered by this return.

Non-exempt amounts should be entered on formCT600 in the appropriate boxes.

Enter total turnover from exempt charitable
trading activities
E50
Type of income
Amount
Investment income - exclude any amounts included on
form CT600
E55
UK land and buildings - exclude any amounts included
on form CT600
E60
Gift Aid - exclude any amounts included on form CT600
E65
From other charities - exclude any amounts included
on form CT600
E70
Gifts of shares or securities received
E75
Gifts of real property received
E80
Other sources (not included above)
E85
Total of boxes E50 to E85
E90
£
1
5
0
4
2
8 • 0
0
£
3 • 0
0
£
1
0
3
9
2 • 0
0
£
• 0
0
£
• 0
0
£
• 0
0
£
• 0
0
£
• 0
0
£
1
6
0
8
2
3 • 0
0		 Enter total turnover from exempt charitable
trading activities
E50
Type of income
Amount
Investment income - exclude any amounts included on
form CT600
E55
UK land and buildings - exclude any amounts included
on form CT600
E60
Gift Aid - exclude any amounts included on form CT600
E65
From other charities - exclude any amounts included
on form CT600
E70
Gifts of shares or securities received
E75
Gifts of real property received
E80
Other sources (not included above)
E85
Total of boxes E50 to E85
E90
£
1
5
0
4
2
8 • 0
0
£
3 • 0
0
£
1
0
3
9
2 • 0
0
£
• 0
0
£
• 0
0
£
• 0
0
£
• 0
0
£
• 0
0
£
1
6
0
8
2
3 • 0
0		 Enter total turnover from exempt charitable
trading activities
E50
Type of income
Amount
Investment income - exclude any amounts included on
form CT600
E55
UK land and buildings - exclude any amounts included
on form CT600
E60
Gift Aid - exclude any amounts included on form CT600
E65
From other charities - exclude any amounts included
on form CT600
E70
Gifts of shares or securities received
E75
Gifts of real property received
E80
Other sources (not included above)
E85
Total of boxes E50 to E85
E90
£
1
5
0
4
2
8 • 0
0
£
3 • 0
0
£
1
0
3
9
2 • 0
0
£
• 0
0
£
• 0
0
£
• 0
0
£
• 0
0
£
• 0
0
£
1
6
0
8
2
3 • 0
0
0 0

Enter details of expenditure as shown in the charity's/CASC's accounts for the period covered by these supplementary pages

Type of expenditure
Amount
Trading costs in relation to exempt charitable activities
(in box E50)
E95
UK land and building costs in relation to exempt
charitable activities (in box E60)
E100
All general administration/governance costs
E105
All grants and donations made within the UK
E110
All grants and donations made outside the UK
E115
Other expenditure not included above, or not used in
calculating figures entered on the form CT600
E120
Total of boxes E95 to E120
E125
£
1
8
5
6
8
3 • 0
0
£
• 0
0
£
1
9
6
0 • 0
0
£
• 0
0
£
• 0
0
£
• 0
0
£
1
8
7
6
4
3 • 0
0		 Type of expenditure
Amount
Trading costs in relation to exempt charitable activities
(in box E50)
E95
UK land and building costs in relation to exempt
charitable activities (in box E60)
E100
All general administration/governance costs
E105
All grants and donations made within the UK
E110
All grants and donations made outside the UK
E115
Other expenditure not included above, or not used in
calculating figures entered on the form CT600
E120
Total of boxes E95 to E120
E125
£
1
8
5
6
8
3 • 0
0
£
• 0
0
£
1
9
6
0 • 0
0
£
• 0
0
£
• 0
0
£
• 0
0
£
1
8
7
6
4
3 • 0
0		 Type of expenditure
Amount
Trading costs in relation to exempt charitable activities
(in box E50)
E95
UK land and building costs in relation to exempt
charitable activities (in box E60)
E100
All general administration/governance costs
E105
All grants and donations made within the UK
E110
All grants and donations made outside the UK
E115
Other expenditure not included above, or not used in
calculating figures entered on the form CT600
E120
Total of boxes E95 to E120
E125
£
1
8
5
6
8
3 • 0
0
£
• 0
0
£
1
9
6
0 • 0
0
£
• 0
0
£
• 0
0
£
• 0
0
£
1
8
7
6
4
3 • 0
0
0 0

C T 6 0 0 E ( 2 0 1 5 ) V e r s i o n 3

H M R C 0 4 / 1 5

P a g e 2

Information required

Charity/CASC assets

Charity/CASC assets
Disposals in period Held at the end of the period
(total consideration received) (use accounts figures)
Tangible fixed
E130
£		 • 0 0 E135 £ 1 6 3 6 1 2 • 0 0
assets
UK investments
E140
£		 • 0 0 E145 £ • 0 0
(excluding
controlled companies)
Shares in,
E150
£		 • 0 0 E155 £ • 0 0
and loans to,
controlled companies
Overseas
E160
£		 • 0 0 E165 £ • 0 0
investments
Loans and non-trade debtors E170 £ • 0 0
Other current assets E175 £ 9 3 9 6 0 • 0 0
Qualifying investments and loans E180
Applies to charities only. See CT600 Guide
Value of any non-qualifying investments and loans E185 £ • 0 0
Applies to charities only. See CT600 Guide
Number of subsidiary or associated companies the charity E190
controls at the end of the period. Exclude companies that
were dormant throughout the period

C T 6 0 0 E ( 2 0 1 5 ) V e r s i o n 3

H M R C 0 4 / 1 5

P a g e 3

Tel: 01874 622528 Fax: 01874 615015 enquiries@mitchellmeredith.co.uk www.mitchellmeredith.co.uk Our Ref: C010-L/MB/MH

S t D a v i d ’ s H o u s e 48 Free Street Brecon LD1 5HG

Date: 18 January 2023

Private and Confidential

Mr R Jones Cynon Valley Museum Trust Depot Road Aberdare CF44 8DL

Dear Richard

During the course of the preparation of your accounts for the period ending 31 March 2022, the following representations were made to us by the management and trustees. Please read these representations carefully and if you agree with our understanding please sign and return a copy of this letter to us as confirmation of this.

Representation

You confirm that in your opinion the financial statements give a true and fair view and in particular that where any additional information must be disclosed in order to give a true and fair view that information has in fact been disclosed.

2 You confirmed that all accounting records had been made available to us for the purpose of preparing the charitable company’s accounts and that all the transactions undertaken by the company had been properly reflected and recorded in the accounting records. All other records and related information, including minutes of all management and shareholders’ meetings, had been made available to us.

Mitchell Meredith is the trading name of Mitchell Meredith Limited Company No 4163265 Vat Reg No 771 3600 44 Registered in England and Wales Registered Office:

Offices also at: Cardiff Llanidloes Llandrindod Merthyr Tydfil Newtown

Registered to carry on audit work in the UK and regulated for a range of investment business activities by The Institute of Chartered Accountants in England and Wales

The Exchange, Fiveways, Temple Street, Llandrindod Wells, Powys, LD1 5HG

7 You confirmed that the company has not contracted for any capital expenditure other than as disclosed in the accounts.

Party Nature of Transaction
See not of accounts None

9 You confirmed that, having considered your expectations and intentions for the next twelve months and the availability of working capital, the company is a going concern.

10 You confirmed the following specific representations made to us during the course of preparing your accounts relating to:

Yours sincerely

Mitchell Meredith

For and on behalf of Mitchell Meredith

We confirm that we have read and understood the contents of this letter and agree that it accurately reflects the representations made to you by the trustees during the course of preparing the company’s accounts.

Yours faithfully,

…………………………………………

On behalf of the board of trustees

Date: 01/25/2023