2025-04-04-accounts

Trustees’ Annual Report for the period

From 5.4.2024 To: 4.4.2025 Period start date Period end date Charity name: Newtown Textile Museum

Charity registration number: 1188651

Objectives and Activities

	SORP reference
Summaryof the purposesof thecharityas set outinits governing document	Para 1.17	The objectsof theCIO shallbeto promotethe education of the publicby the provision ofamuseum for the exhibition of items of antiquarian, educational,historicalor local interest includingthose associatedwiththe textileindustry.
Summaryof the main activities in relation to those purposes for the public benefit,inparticular, the activities, projectsor services identifiedin the accounts.	Para 1.17 and 1.19	Preservingthe buildingwithinwhichthe Museum ishousedisakeyobjective. The 1830soriginalhandloom weaving factory is thelastoneremainingin a nearoriginal statefrom thetimethat Newtownwas thecentreinWales for hand-loom weaving. It thereforeforms animportantpartof Newtown’s industrialheritage. TheMuseumhas interpretedits remit for itsdisplaysas focusing onthreespecificareas: wool andtextiles; the experience of living andworkingintheMuseumbuilding; andtheindustrialheritage of Newtown. It isopentothe public for4 daysa week from the beginning of Mayuntil the end of September. Nochargesare made butdonationsare encouraged.
Statement confirming whetherthetrusteeshave hadregardtothe guidanceissued by the Charity Commission on publicbenefit	Para 1.18	~~In managing what the Museum has to~~ offer, theTrustees takefull regard of the guidance on publicbenefit.

Additional information (optional) You may choose to include further statements where relevant about:

	SORP reference
Policyon grant making	Para 1.38	TheNTM isnota grant-giving body.
Policyonsocial investment including program related investment	Para 1.38	TheNTMhasnoinvestments.
Contributionmade by volunteers	Para 1.36	TheMuseum is run entirelyby volunteers. Thetotalnumber fluctuates over time butbetween 20 and 30 people givetheir timevoluntarily to help tokeeptheMuseumopen. Severalof thoseinvolvedcommit considerable amountsof timetotheMuseum.
Other

Achievements and Performance

	SORP reference
Summaryof themain achievementsof the charity,identifyingthe differencethecharity’s workhas madetothe circumstancesof its beneficiariesand any widerbenefits tosociety asawhole.	Para 1.20	TheMuseum wasopentovisitors for4 daysaweek for thewhole of the summer from May2 until September30 2024 plusafewdaysat the end of April to allowpeople goingto andfrom Wonderwool tovisit. Wewere also able to offergrouptoursandschool visits outside normal visiting hours. There were atotalof1461visitors tothe Museum including 310thosewhocame aspartofa group etc. This wasan improvementon 2023-34. Donations fromourongoingFriends scheme andvisitors totheMuseum totalledsome £8300, morethaninthe previous year, showingthe positive reactionfrom individuals tothe continuance of theMuseum. In additiontothe permanentdisplays, therewerespecialexhibitions. At the beginning of theseason,and partly

linked to Wonderwool, the Braid Society organised an exhibition to celebrate their 30[th] anniversary. This was linked to a number of workshops they ran on aspects of Braid making. The main exhibition that followed was focussed on Sport and Leisure. Once workers were given Saturday afternoons off work, employers were concerned their workers would spend their time in the pub and so encouraged sports. The Pryce Jones business had 8 football teams. The exhibition gave details and the feedback was very positive. The Museum continued to develop ways in which it could offer greater understanding of what was involved in converting a fleece into flannel. A number of workshops offering an opportunity to try out a craft skill were organised but with variable attendance. The successful “Tapestry Tuesdays” for people, particularly children, to try their hand at weaving on a card were continued in the summer holidays and were very popular. As in the previous year we had a `weaver in residence’ from mid-July to the beginning of September. Through a grant from the Ashley Family Foundation we were able to offer a bursary to a graduate student from Carmarthen School of Art, Rachel Thomas, worked on our (relatively) modern loom, initially for three days a week for six weeks over the summer holidays and then until the end of the season as she was getting so much out of it. Our visitors greatly enjoyed watching and talking to Rachel

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Achievementsagainst objectives set	Para 1.41	Thecomments wereceivefrom visitors are overwhelminglypositive andmeet ourobjectivesofproviding an interesting and enjoyable experience. TheMuseum isone of TripAdvisor’s top attractions inNewtownwith 5stars. Thus,notonlydoes theMuseum provideinterestinginformationto visitorsbut it ishelpingto attract visitors toNewtown.

Performance of fundraising activities against objectives set	Para 1.41	Our visitornumbersandtheincome generatedmet thetarget we hadset ourselves. Ouraim is tomeetday to day revenue costs fromour income. Unfortunately we did notachievethis inthesummer of2024 eventhoughincome per visitor increased. InMarch 2023theMuseum wasgiven arevenue grantby the WelshGovernment to helpwith higher expenditure, mainlyon utilities. The remaining £2,100 of thisgrant wasused in 2024-2025,butevenwiththis expensesgrewandweresome £4.000 in excessofour incomefor theyear. Anything outsidethe day to day requiresexternal funding.2024-5sawa numberof successfulapplications: Two applications weresuccessfulat the beginning of2024which borefruit inthe summer. Onefrom theGroupfor EducationinMuseums (GEM) found us a LearningMentor, who provided advice and guidanceto assist theMuseum to developrelationships withlocal schools. This wasaccompanied byasmall grant, to buy toysetc. Together they have provedto be enormouslyhelpful andthe numberof visits from school hasbeguntoincrease. Thesecond applicationwas for funds from Powys County Council’s Shared Prosperity Funds tomake a bi-lingual video ofatourof theMuseum. Itsaim is to enablethose peoplewhocannotgo upstairs,or those unabletovisit Newtown, to getafeel for what the Museum isoffering. Thefilm was made by GwynCole of Silent River films duringthesummer. Unfortunately the films were not completed untilafter the end of theseasonsowere not shownin theMuseumuntil summer2025. Inthe meantimethey were available,and watched,onYouTube. Gwyn becameinterestedinthe process of weavingwhileintheMuseumand alsofilmedRachel showingthe processes involvedinweaving, from beginningto end. Thishasalso been available onYouTube.

Investmentperformance against objectives	Para 1.41	Notapplicable.
Other

Financial Review

Financial Review
Reviewof thecharity’s financialposition at the end of the period	Para 1.21	TheMuseum remainsa goingconcern andshouldremainsoforat least another yearor two.Like all small Museums wefaceincreasedcosts which have beenmaintained at the minimum levelnecessary,andfactored into ourbudgetsaccordingly.
Statementexplainingthe policyforholdingreserves statingwhy theyare held	Para 1.22	The policy forholdingreserves is to have enoughcashreserveto allow for anyemergencybuildingwork tothe Museum,and alsoto hold aresilience fundto allow for twoyearsof closure dueto anyunforeseen evente.g. another COVIDoutbreak.
Amount of reservesheld	Para 1.22	£3,000foranyemergencybuilding work whichmayoccur.
Reasons forholdingzero reserves	Para 1.22	Notapplicable.
Detailsoffundmaterially in deficit	Para 1.24	No deficit.
Explanation ofany uncertaintiesabout the charity continuing asa goingconcern	Para 1.23	No uncertainties.

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The c ha rity ’ s p ri n ci pa l s ou rc e s o f f und s (i n cl ud i ng an y f und r a isi ng )		K e y f und i ng s ou rc e s a r e dona ti on s fr om visit o rs t o t he M u s eu m and from wit h Fri end s o f t he M u s eu m w ho s upp ly t oge ther t he m a j o rity o f t he f und i ng . Als o Gift Ai d on r e l e v an t dona ti on s fr om t he I n l and R e v enue and p r o fits fr o m a sm a ll s hop wit h i n t he M u s eu m (w h ic h p r odu c ed a ne t p r o fit o f £800) in 2024 - 2025 . I n add iti on , g r an ts a r e r e c e iv ed f o r s pe cific non r e v enue pu r po s e s. T h is enab l e s t he M u s eu m t o
	P a r a 1 . 47

		meet itsobjectivesas setout insection ObjectivesandActivitiesof this Report.
Investmentpolicyand objectives including any social investmentpolicy adopted	Para 1.46	Noinvestments. TheTrustattempts to ensurethat itselectricity supply isas “Green”aspossible and alsoto use local suppliers whereverpossible.
A description of the principal risks facingthe charity	Para 1.46	Themain problems facingtheMuseum at the present time arethe difficultyof recruiting enoughvolunteers to be open for fourdaysaweekandtomanage thesuccessionfor theTrust Chairand Trustees;andmembersof the Management Committee. Managingthe inflationcosts,particularlyenergy costs, wasalso of major concernin 2024-5. Theseweremitigatedtosome extentby theWelshGovernmentgrant (as above).
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	CIO–Foundation, registered 19March 2020. CCnumber1188651
How isthecharity constituted? (e.g unincorporated association, CIO)	Para 1.25	CIO
Trusteeselection methods including details of any constitutional provisions e.g.electionto post orname ofany person orbodyentitledto appoint one or more trustees	Para 1.25	TheConstitution doesnot specifyhow Trusteesareselected. Inseeking new oradditional Trustees the existing trustees musthaveregardtotheskills, knowledge and experience neededfor the effective administration of theCIO. Every trusteemustbe appointed bya resolution passed at a properly convenedmeeting of the charity trustees.

Additional information (optional) Youmay choosetoincludefurther statements whererelevantabout:	Additional information (optional) Youmay choosetoincludefurther statements whererelevantabout:	Additional information (optional) Youmay choosetoincludefurther statements whererelevantabout:
Policiesand procedures adopted for theinduction and training of trustees	Para 1.51	We have adoptedtheCharities Commissionstandardfor inducting and training new Trustees.
Thecharity’s organisational structure and any widernetwork withwhichthecharity works	Para 1.51	TheTrusthasaBoard of Trusteesand aManagement Committee. The Trustees takeresponsibility for the strategicdirection of theMuseum including ensuringit is solvent,and delivering onits charitable purpose. Theyalso providecollectiveleadership insupportof theMuseum’s charitable objectives. TheManagement Committeeis responsiblefor the day to day managementof theMuseum. Thereis nowidernetwork.
Relationshipwith any related parties	Para 1.51	No paid employees. Norelated parties.
Other

Reference and Administrative details

Charityname	NewtownTextileMuseum
Othernamethecharity uses	-
Registeredcharitynumber	1188651
Charity’sprincipaladdress	5-7Commercial Street Newtown Powys SY16 2BL

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7	Trustee name	Office (ifany)	Dates acted if not for whole year Name of person (or body) entitled to appoint trustee (ifany)
	JanetLewis	Chair
	NormanDavies	Treasurer
	JohnEvans	Curator,exofficio
	Chris Tomley
	CarrieCanham
	KatherineKeatley
	Daniel Brawn	Secretary

Corporate trustees – names of the directors at the date the report was approved Director name None

Name of trustees holding title to property belonging to the charity

Trustee name	Datesactedifnot for wholeyear
(No oneindividual/s)
Funds heldas custodian trustees on behalf of others
Description of the assets heldin this capacity	None held.
Name andobjectsof the charityonwhose behalf the assetsare held and howthisfalls withinthe custodiancharity’sobjects	Notapplicable.
Detailsof arrangements for safecustodyand segregation of such assetsfrom thecharity’s own assets	Notapplicable.

Additional information (optional)

Names and addresses of advisers (Optional information)

	Type of	Name	Address
	adviser
	Mentor	Alex Turrell	Powis Castle andGarden, Welshpool,Powys SY21
			8RF

Name of chief executive or names of senior staff members (Optional information)

No staff employed.

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

N. Davies Signature(s) J. Lewis NORMAN DAVIES Full name(s) JANET LEWIS Position (eg Secretary, Chair Treasurer Chair, etc)

Date: 3 D e c e m b e r 2 0 2 5

ACCOUNTS FOR NEWTOWN TEXTILE MUSEUM TRUST 2024-2025 FINANCIAL YEAR

5[TH] APRIL 2024 TO 4[TH] APRIL 2025

Newtown Textile Museum

5-7 Commercial Street

Newtown

Powys SY16 2BL

www. Newtowntextilemuseum.co.uk

email: [e-mail]

A Charitable Incorporated Organisation Charity Commission number 1188651.

Note : The Museum is entirely run by volunteers and has no paid staff. It is not a limited company but a CIO and adheres to Charity Commission and Inland Revenue regulations and guidance for income, expenditure, and financial regulation relevant to a CIO, and is controlled by a Board of Trustees.

Accounts Contain:

1. Income and Expenditure account 24-25

2. Notes to the I&E accounts 24-25

3. Grants received and grants expenditure 24-25

4. Consolidated I&E account and bank reconciliation 24-25

5. Balance Sheet at 4[th] April 2025.

1. INCOME AND EXPENDITURE – NEWTOWN TEXTILE MUSEUM TRUST 2024-25

5[th] APRIL 2024 TO 4[th] APRIL 2025

(2023-2024)

Expenditure		£ £
Utlites	Electricity (Note 1)	1,740.96
	Water	423.54
	Telephone/Broadband	999.43
		3,163.93	(5,105.13)
Building	Cleaning	280.00
	Alarms	606.00
	Maintenance/Renewals (Note 2) 687.25
	Lightng (Note 3)	441.98
		2,015.23	(7,022.20)
Legal	Insurance	1,443.80
	ICI Fees	40.00
		1,483.80	(1,372,13)
Marketng	Subscriptons	671.00
	General Marketng	1,634.12
		2,305.12	(2,664.40)
Collecton	Collectons and displays (N4)	1,861.23	(385.96)
Cost of Sales	Cost of Sales	1,911.43	(2,271.46)
Miscellaneous	Consumables	161.48
	Training/Admin	513.60
	Bank charges	60.00
	Miscellaneous	109.00
		844.08	(1,422.72)
TOTAL		£13,584.82	(20.244.00)
Expenditure during 2024-25 using grant money brought forward or received in year:
	Accessibility/Filming	6,290.00
	Oral History Project	2,135.80
	Educaton project	750.00
	Banners	205.00
	(note 5)	£9,380.80
TOTAL OPERATING EXPENDITURE 2024-25		£22,965.62

In addition, a £2,500 grant was received for, and £2,500 paid directly to, Resident Weaver (Note 6)

Income Donaton at Museum (Note 7) Friends & General Donatons (Note 8) Tours, Talks Events at Museum Filming and other use of Museum Miscellaneous income Shop sales at Museum (Note 9) HMRC Gif Aid (Note 10) TOTAL Grants received in 24-25 (Note 5) TOTAL INCOME IN 2024-25 OVERALL, I & E FOR 2024-25: Expenditure Less income Excess of expenditure over income 2024-25 (Note 11)	£ £ (2023-24) 2,971.14 (2,412,18) 5,400.00 (3,500.00) 250.00 501.29 248.36 296.66 1,296.31 (752.65) 2,833.69 (2,439.81) 0 (904.28) £12,501.14 (10,008.92) £6,290.00 (9,580.17) £18,791.14 (12,211.13) £22,965.62 £18,791.14 £4,174.48 (£5,352.02)

In addition, a £2,500 grant was received for, and £2,500 paid directly to, Resident Weaver (Note 6)

2. NOTES TO THE INCOME AND EXPENDITURE ACCOUNT

Note 1 – The price of electricity decreased during the financial year. Our new fixed price agreement was in place for the 23-24 financial year and led to a reduction of some £2,000 per annum.

Note 2 – The reconstruction of the reception area of the Museum took place in the winter of 23-24, and there were no costs for the 2024-25 year.

Note 3 - Some expenditure on lighting fixtures renewal necessary.

Note 4 - The Museum exhibitions required new displays, plus further refurbishment of displays and care of the collection contents were undertaken during the year as an ongoing task.

Note 5 – A detailed financial review of the grants received and spent during the year, and the donors of the grants, is given in Section 3 of the accounts following.

Note 6 – A grant was received of £2,500 for the Museum to give a bursary to a student to act as a resident weaver in the Museum for the college holiday period in the summer of 2024. This grant was then passed on in full to the student during that period.

Note 7 – Donations at the Museum were at a higher level, in total and per person, than in the 202324 financial year.

Note 8 – Friends and general donations were at a higher level than in previous years thanks largely to single individual donations of £1,500 and £1,200.

Note 9 – The shop sales in the Museum show a continuing healthy increase over the previous year. Agreements were in place to retain 20% commission with most suppliers, or everything over cost price with two local suppliers.

Note 10 – The application for Gift Aid was delayed due to the need for checking of home addresses of some donors, hence it will be made in the next financial year.

Note 11 – The excess of expenditure over income decreased by £1,174.54 in the 2024-25 financial year compared to the 2023-24 year. Expenditure was kept to the minimum necessary to enable the Museum to remain open during the May to September period. The budget for the 2025-26 financial year envisages a further reduction of £1,000 in this annual “loss”.

The Museum remains a going concern and has sufficient revenue reserve to overcome even a complete one-year closure if the worst should happen in a future year (as it did in 2020/21). However, the Museum relies on continuing to increasing income, and taking every available step to reduce expenditure in order to remain open for future years.

3. GRANTS INCOME AND GRANTS EXPENDITURE ACCOUNT FOR 2024-2025 YEAR

Purpose of Grant	B/F unspent	Received	Spent	C/F unspent
	from 2023-24	2024-25	2024-25	to 2025-26
	£	£	£	£
Accessibility project	0	6,290.00	6,290.00	0
Oral History Project	2,200.00	0	2,135.80	64.20
Resident Weaver	0	2,500.00	2,500.00	0
Revenue grants	2,109.43	0	2,109.43	0
Educaton	750.00	0	750.00	0
Banners	205.00	0	205.00	0
TOTAL GRANTS	5,264.43	8,790.00	13,990.23	64.20

.

The following organisations have kindly donated the funds noted in the Grants Account as spent during 2024-25, and are thanked for their contributions:

Powys County Council with Powys Association of Voluntary Organisations, through the Making a Difference Fund 2024-25 – Accessibility Project

Community Foundation Wales, Powys Welsh Church Act Fund – Oral History Project

Ashley Family Foundation – Resident Weaver

The Government of Wales Business Support 2023-24 - Revenue

GEM Cymru Museum Mentor Learning Fund - Education

Catalyst Cymru funded by NLHF via Welsh Council of Voluntary Associations

4. CONSOLIDATED I & E ACCOUNT FOR NEWTOWN TEXTILE MUSEUM TRUST 2024-2025

Expenditure for 2024-25:

----- Start of picture text -----
From I&E account 22,965.62
£22,965.62
Income for 2024-25:
From I&E account 18,791.14
£18,791.14
Net expenditure for year £4,174.48
Bank reconciliaton:
Opening Balance 5/4/24
NatWest account 12,577.13
HSBC account 1,774.11
£14,351.24
Less net expenditure (from I&E) 4,174.48
Closing Balance 5/4/25 £10,176.76
*----- End of picture text -----

The closing balance is held in the NatWest account £8,147.65 + HSBC account £2,029.11.

*** Of this closing balance of £10,176.76: Specific allocated Grant funds c/f (Section 3) 64.20 Buildings maintenance fund 3,000.00 £3,064.20 Available Museum general revenue funds at 5[th] April 2025 £ 7,112.56

5 CONSOLIDATED BALANCE SHEET AT 5[TH] APRIL 2025

Notes FIXED ASSETS Buildings 5-7 Commercial Street used 1 349,000 entrely as Museum premises Contents of Museum including displays 2 19,000 CURENT ASSETS Debtors 3 240 Cash at bank and in hand 4 10,177 Donatons held in PayPal account 5 200 Stock for shop 6 555 CREDITORS Amounts falling due within one year nil NET CURRENT ASSETS FUNDS Unrestricted funds 7 10,553 Restricted funds 8 368,619 TOTAL FUNDS

(2023-24) (325,000) (19,000 ) 368,000 (344,000) 11,172 379,172 £379,172

Notes to the Balance Sheet

1. Figure is estimated sale value

2. Figure is that used for the insurance valuation.

3. Small debtors due on 4[th] April 2025.

4. Detailed in section 3 of these accounts .

5. PayPal account donations are transferred to the main bank account quarterly .

6. Resale value of stock shop as at 4[th] April 2025.

7. Held at bank, PayPal, and cash in hand (£240).

8. Property £349,000 + asset value museum contents £19,000 + shop stock £555 + restricted grants £64.

Norman Davies Treasurer, Newtown Textile Museum 26[th] October2025

Approved by the Newtown Textile Museum Trustees on x 2025.

ND/24-25acFinal