TORFAEN MUSEUM TRUST LTD
The charity operates Torfaen Museum in the borough of Torfaen. The museum includes an art gallery, and displays of artefacts relating to the history of the Eastern Valley of Gwent. Of notable interest is the collection of Japanware, which was a speciality of the Pontypool district in the eighteenth century. The Trust also provides educational services in the area.
Financial health, per its FY2025 accounts
The accounts state that the Trust incurred a net expenditure of £58,745, resulting in a deficit in free reserves of £29,846. The Trustees note that the Trust is currently below its stated reserves policy target of three months' operating costs. Despite this, the management report indicates the team finished the year in a strong financial and reputational position with a positive outlook.
What the accounts disclose
“Currently the Reserves Fund stands at £(29,846) therefore the Trust is now below the minimum 3 months recommended” — page 5
“A number of the Trustees are members of the councils by which they are appointed. Some of these councils make grants to the Trust.” — page 18
Trustees
- GEOFFREY GEORGE MORGAN SANDERCOCK
- John Wardlaw Hanbury-Tenison
- MICHAEL DANIELS
- PROFESSOR JOHN HUNT
- Richard Giles Clark
- Susan Morgan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £101k | £160k |
| 31/03/2024 | £88k | £139k |
| 31/03/2023 | £191k | £157k |
| 31/03/2022 | £83k | £133k |
| 31/03/2021 | £180k | £125k |
Common questions
Is TORFAEN MUSEUM TRUST LTD financially healthy?
Per its FY2025 accounts: The accounts state that the Trust incurred a net expenditure of £58,745, resulting in a deficit in free reserves of £29,846. The Trustees note that the Trust is currently below its stated reserves policy target of three months' operating costs. Despite this, the management report indicates the team finished the year in a strong financial and reputational position with a positive outlook. Its FY2025 accounts were independently examined.
Who funds TORFAEN MUSEUM TRUST LTD?
Funders whose own accounts filings name TORFAEN MUSEUM TRUST LTD as a grant recipient include THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES | FY2023 | £16k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 15/02/2010 | £45k | "Pontypool Townscape Community Project" |
| The National Lottery Heritage Fund | 02/07/2007 | £50k | "Purchase of Barker Paintings 2007" |
| The National Lottery Heritage Fund | 16/06/2005 | £224k | "Collections, Action & Access Project, Phase 2" |
| The National Lottery Heritage Fund | 13/01/2004 | £3k | "The project is to enhance displays for heritage and cultural education. The money is for the purchase of outreach equipment and learning re" |
| The National Lottery Heritage Fund | 18/02/2002 | £49k | "Collections Action & Access Project - Torfaen" |