Charlty number., 1102270 THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES UNAUDrrED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Federarion of Museums and Art Galleries of Walt s Ffederasiwn Amgueddfeydd ac Orielau Celf Cymi-(I WR Partners Protecting your future. THE FEDEFtATION OF MUSEUMS AND ART GALLERIES OF WALES CONTENTS Pa9e Reference and administrative dètails of the Charity, its Trustees and advisers hairman's staternenl Trustee$. report Indepenijont examinè¢5 report staternent of flnanclal actlvotles 6-10 13 Balan¢t sheet 14 Note5 to the financial statemÈnts 15-25 THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022 Trustees N Thomas. Pie5idenl from 19 March 2021 M Mason. Vice Fresidenl from 19 M3rch 2021 Blackamore. Treasurer from 22 January 2021 lappoinled 22 January 20211 E B8rnes. Secretary C Canharn (appointed 21 June 20211 A Death8 E Lew15 lappoin18d 21 JUDE 20211 C MDrgan Iresigned 16 Novernbpr 20211 L PDdrnore lappoinled 21 June 20211 R Rogers lappoinled 30 Oclober 20201 E Scullion J Taylor ChaTity regi5t&r?d number 11022TO Principal ollice Museums & Arts Service Cyngor Gwynedd Caernarfon Gwynedd LL55 1SH Accountants WR Partners Chartered Accounlanls Belmont House Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES PRESIDENTS REPORT FOR THE YEAR ENDED 31 MARCH 2022 The Vice President presents her statemenl lor the year. Anntsal Repori ft)r Y8ar corntnencing 1 April 2021 lo 31 March 2022 Thi5 report covers the period 1st April 2021 unlil 31st March 2022. The Federalion has conlinued Ic> work lo support museums acro55 Waks as they recover from effects of Covid-19. Nest Thonias look over 35 Inlprirn President in April 2021 with Morrigan Mason as Intefim Vice-Presidenl Bolh were formally appointed in Ihe AGM In Nov8rnber 2021. The previous presidenl Victoria Rogers was thanked for her hafd work and dedication. ThÈ role of SUPPK)rting the 5eclor continues, as (kne5 the pandemie, an(5 we are now working low8rds pn%uring the sector is prepared the future including ils suslainabilily. Govemance The comrnillee mel on 3 occasions lJune, September and Dècemborl ThÈ March meeting was poslponod until May 20221. In addition lo 11 Trust88s 14 named officers and T ordinary m8mbeisl, Ihere was 1 io-iiplerl member and 4 observers representing Welsh Government IWGI Culture Division, Amgue(Jdfa Cymru N81ional Museurn Wal8s IACNMWI. the National Trust and the Museums Asso¢ialion. This has 8naNed th& Federation to continue our strong links with these key strategic bodies The Federation held the AGM on 16 November 2021 online. In this financial year, the Federation membership slood at.. 87 organi5ation?I members, representing 133 differeni sites 17 individual member5 Income from membership fees this year stood at £11,813 Th8r8 are currently 31 S sutsscribers lo the JISCmail group. an all-time high. Communiealiori and romolion The Federation conlinued lo promote ilself and ils members via ils website 8fKJ social media nelwoiks @WelshMuseum5Fed @WelshMu5eums. Work conlinugd this y8ar by a sub-group lo procure an develop a new Federation website. The future of Y Mag is being considered alongside Ihe develoi?mfrnl of the npw website. Consullalion h35 taken place regardir¥J cornmunicalions preferences, InclLJding Y Mag Ilhe Federation's magazine). wilh the majority preferring lo receive a digital copy. Business Plan 2021-2024 The Federation committee wiewe¢ the Business Plan and asso¢ialed aclion plan during June 2022 Tho Sustainability & Climatè subgroup has been e51ab115hed and havè started to meet. Trustees roles and descriptions have been prepared by Lynn Podmtsre, commlltee member. This is available on the FederAlion web511e". hllp.llwww.we15hmuseumsfederalion.orglenlwho-we-are-landingllhe-commiteelbusine5s-plan hlml Develo nt Ofti The Federation etnployed Chris Delaney as Development Officer on a freelance b8515 le 8ssisled the President In composing responses to consultation, writing lellers of supptsrt lo museums facing cuts lo budqols and leading on managing the Spollighl and austerity impact research. Chris also SLJPPOrted the joint ICOPA UK conferÈnc2, which w85 delayed until April 2022. In addition lo the Development Officer role. c.hris DÈlAney undertook the additional freÈlancÈ role of Grants Officer Ipaid for directly from the granls awardsl. administering the usual small grant schèmès and the additional Wintèr of Wellbeing grant Pfvgraii)In& 111 collaboialion with Amgueddf8-Cymru. all of which received funding from Welsh Govèrr)menl Page 2 THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES PRESIDENTS REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Portnershi s and comrnunication wilh sector or anisalions Throughout the year. the Federaliori continued lo ensure that Welsh museums were represenie(5 on slr3legic slep.ring groups and committees including the Hisloiic Environment Group IHEGI. the Spot1ing Herilzge Expo.rl Panel, the Foolball Museum for Wales steering group. the ARCW race equality subgroup and Peoples Collection Wales Advisory Group. We15h ernmenl The Pre51denl continued lo attend the WG Slzkeholder 21 days roview when they arosè lo update on Covid and also submitted an outline paper to Victoria Rogers, the Heacj of Museums & Cc>lleciion5, on Federation's rilies for 2022-2023. Museums ASsr￿latIon The President ¢ontinued to attended MA We15h Stakeholders meeling with MA reps, NMW, MA & Fed and have been part ol lormulaling a joint MA & Fed We15h Local Museums Manifesto. Rachael Rogers yresenled al lh8 Local Authority Snvestmeni in UK Museums session on March 28th ￿ behalf of the F8d8ralion. NMW The President Continued lo attend regular megting with the Vi¢e-Presidenl wilh Kalh Davies, SKined Hughe5 and Nia Vvilliams and others al Amguerldla Cyrnru lo discuss and explore OPPDrtunities for future Lollaboraliun. To dale these include loan515haiing cdleclions & exhlbilionsldecolonizalionl diversilyl new curriculum. Fundin ro osals During the year, Ihe Federalion was approaohed lo be a formal parlner In sever31 Funding applicalions The successful grant partnership project5 are". Winler ol Wellbeing wilh Amgueddla-Cyrnru- lo deliver free lun aclivilie5 across Welsh musoums for those aged 0-25 The developm8nl of the Oioilal Heritage Hub, managed by Arts Marketing Association IAMAI in partnership with The Heritage Digital Consortivm and The University of Leeds This projeci received Department for Digital, Cullure, Media and Sport IDCMSI znd Nalional Lottery liinding. dislribiiled by The Heritage Fund as part ol their Digital Skills for Pleriiage initiative. Advocacy inancial Su ort Small Grants The Small Grants Spring round was oversubscribed and Included support lor decolonizalion cullur31 divetsity aFKJ r8C8 equality and the climate crisis. The Aulumri round was equally oversubscribed and equally broad ranging. Cullure & S nts Fedgration was awarded £100,000 to support l(Kal museums to address th6 Impact of the pandernic on collections. Welsh Museum Festival grant were allocated. Young People's £65CI,000 grant, in partnership with Arngueddla Cymru (Winter ol Wellbpillgl w3S delivèred alld allocated. A proposal to Welsh Government for support towards the Summer ol Fun has been submitted. The Federalion Is extremely gfal8ful to Welsh Government for its support and funding for thf>se crucial granl sl¥eams. Nesi Thornas in role as President was askgd to speak on Radio Cymru and Prynhawn Da IS4CI and w35 featured In the Mus8urns Journal. Page 3 THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES PRESIDENTS REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Welsh Museums Festlval 2021 This y9ar's Festival was held oval Autumn half term. 23 O¢lober- 31 OclDbar 2021. Tha Fe(loration cont￿nued lo takè full rèsponsibility for th8 Festival rnanageTnenl, made possible thanks to a giant from Wel911 Gov&mmenl and m31ch-lunding frtsm Federation N1embership Income. This enabled the comm1%%10ning of freelancer Angh8r8d Wynne lo lead on ug8nising the Festival logistics and provide support to member museums. The F8deration also allocated extra funding from WG for half term events for childrer? an(f young people. The Federation funded activities ou15Kle Ihis age group. Over 100 activities were offered over 40 museums. e¢t ot14 Thanks lo funding Irotn Welsh Government, work progressed on Spotlight Museurns. Progre55 has been slower than anticipaled, largely due lo the ongoing Impacl ol the recovery of services from the par1dem￿ and olher FederalK>n commitment5 such as administering the fecovery and engagement fjranl progibmme£. The Developmenl Officer 15 also leadin9 on an Austerity for local authority museum which will also ¥e completed soon. This wll also provide important information l(>r ou¥ sector. DI Ital Translormatlon Fund The F8deralion worked with several 10¢81 aulhorily museums lo draft and submit an £pp1ication for the second phase of funding to W81sh Gov8Tnm8nl's Local Governrnent Digital Transformation Fund. The piocuremenl process started Ihal would have enabled consullanls to work OTI developing a digiial markeiplace lor iAlp.lsh Museums. unfortunately Ihe deadline for delivery was Iw light and partners agreed it would not be possible lo cairy out the work in the 3gr88d tirne frame. 11 15 hoped thal the partne￿ could apply again in the future lo the Local Government Digital Transformation Fund. The ue5tion of Di The Question of Digital project launches Ihe complel¢tsn of its first phase and Ils Digital Hub on 28 April online launch eveni of Ihe Digital Heritage Hub. Not all 100 resources are available from April and more will be rele8sed lÈler in Ihe year. Welsh rnu5eurns have conliibuled case sludie5 lor resources The Fp.deralion Is collaborating with the University of Leeds lo arrange a familiarisèlion event for the musoum sector In Wales to highlight the Digital Hub and what it can offer. Page 4 THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES PRESIDENTS REPORT ICONTINUEOI FOR THE YEAR ENDED 31 MARCH 2022 Professional Develo dershi Thè AIMIFedeTalion Musoum L>aders programme continued to meet with virlually lortnighlly. led by Nick WinterbolhaTM. A residÈntsal ¢oJrse al Gregynog was also held 24_25 February 2022. led by Nick WinlÈrbolh3nTr with expert 5peaker5. An additional 'Rising Leaders, network has been eslablished with Nick Wir)lerbolhain leading this cohort. Thanks are due to AIM and Welsh Governrnenl Ic>r continued support 10 suppori le8d8rs I museums acros5 Wales. ment ement and leamin Jordan Taylor-805anko, cornmitlee member conducted a IraSning and CPD nèeds survey around our m8mber$hip in Apnl-may 2021 to inlorm our training provider partnprs programmes. 57 petsple look pad In the Survey. The Federation continues lo regularly partner with Kids in Museums lo run bilingual training. A s?r mple of Ihe training provided included, Family Friendly 8pprtraches to reopeniw (following t1￿￿￿5 assocEiied writh the pandemic)., Creating family friendly resource5'; and Children. families and wellbeing. The FedBralion Is also represented on a new curriculum focus group organised by Group lor Educalioii In Museum5 IGEMI Cymru. GEM Cymru made a successful bid to Wdsh Governmenl for funding lor Welsh Curriculum Consultation & Training. Robin John50n ha5 been appo*nt8d as lh8 consultant to undert8ke thi5 In p2rtnership with GEM Cymru, the Federation delivered a presentation about Ihe New Curirulum Ii)r Wales in the annual GEM conference. 37 peoplè attencle(I the session virtually. The presentation advocates foi" the opportunities Ihal the New Curriculum lor Vvales offers museums and schw15 lo work together in new innovative way5. Morrigèn M3son Vice-Presidenl Feder8lion DI Museums and Art Galleries ol Wales Page 5 THE FEDERATION OF MUSEUMS AND ARTGALLERIES OF WALES TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2022 Thp Trustees present their annual report Ic¥elher with the Iinantial statements of the Charity lor Ihe year 1 April 202fj 10 31 March ?022. Objective5 and activilie$ a. Policles and objectives Our mission is.. We support and advocat8 for Ihe highesl standards ol museum provision Ihroughoui Waleg, lor Ihe people of Wales. Our key messag85 ar8.. 1. Mu5eurns empower people through learning. pariicipalion and in5piraknon 2. Museums and their collections strengthen communrty idenliiy and well.beinq 3. Museutns make a significant econotnic contiibulion Ihrough lourisrn and regeneration Our Charitab￿ objectives are. 1. To promote the highe51 professional standards of work and public service in mu5eurn5 and art galleiie5 In Wales 2. To adv3nc8 the education and training ol those worklng In and suppottsw mu5eurn5 and art galleries In Wales 3. To encourage public edltcation through promotion and mainlenanGO of high-qualily museum and art gallery Iilelong learning s&rrfice5 In setting objectives and planning for É¢livilies, the Tnjslees have given due consideration lo general guidance published by Ihe Charity Commission relating to public benefil, irncluding the guidance 'Public benefit. runniiig a charily IPB21'. b. Strategle5 for achieving obl8¢tiv8s The charity is the Slraiègi¢ body for museum and arl gallery professiona15 in W31e5, advocaling IOT Ihe high851 slandards of museum provision throughout Vvales. We represent all lypes ol museums authority, universlty and indèpèndent and their staff whether paid or volunleer. The charity pronioles good practice in museums and ga118ries and provides support. advice and a forum for discussion of museum issues affecling members The charity has built Ils ¢ap8crty to deliv8r by a 58ries of grant applications and by working In partnership with other seclor bodie5. It has 8lso ulilised funds from ils reserrfes on occasion 10 5uppori thi5 work le.g. I providing grants lor Welsh Mus8ums F8sliv31 evenls, funding lor Welsh places on UK-wide seclor training qchemesl. By Ils very nalure as a membership-lundeij. volunlary-run orgaiiisalion, the capauly ol 11)e charity will i'bl) ciiid flow depending on Ihe av8ilability of ils committee lo undertake additional rde5. funding available the aclivily ol ils partners and slakeholdeis. Pag& 6 THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Oblectlves and actlviti¢$ l¢ontlnu*dl ¢. Actlvltles und•rtak•n to aehleve oblectlvès Core work The following is undertaken by the core Trustee committee and funded by membership fees Isupplemented by reserves il deemed necessary by the Federalion Gornrnitteel.. Publish Y Mag Iwice a year, to disseminate best practice and provide a source of athice and supwri Enable access lo a Jiscmail email seryi¢e, providing a key cotnmunicalion tool lor the sector, a Source ol advice and support Comrnunicate with the s8clor and beyond through a dedicated w2bsilÈ and social media channel ITwille.rl Support sector lo improve standards through training, creation of guidance and loolkils Advocate for the s8¢1or by responding lo consultaiions, silling on steering groups 3n(J boariJ5, meeting the Minister with culture portfolio annually and forging positive working relationships with key s8clor bodies and r81evant partners SLJPPOrt the membership lo engage with key seclorlsocietal Issues through aclvoc.acy, ¢ommunicalioTr, working with partneTS, signposting to 5UPPOrt Run two key events annually- We15h Mu5eum5 Conference and FederatK)n AGM Adwini5ter the Cefni Barnet granl fund, to enable small grants for museum obiect-based research by members Addltlonal work The following is certainty d85irab18 for the charity to deliver. bul is undertaken as anrj when Ihe F&(ler8lion commillee decides it has additional financial resource and capacity available lo undertake. This will inLludc decisions around using the charity's roserves, parlnering with other oryanisalions, se¢urir)g oxl?rnal fundir)g lo deliver land therefore is also dependent on the committee's capacily to apply for grant51'. Employmenl ol freelance Development Officer (CU￿entlY 2 days 8 rnonlhl lo build capacily of Fet5eralion lo undertake advocacy work, organise Ils annual confe￿nce and deliver Its eore work Run and fflanage the annual Welsh Museums Festival Run the annual Welsh Museums Day lan annual advocacy dayl * Work with Sect￿ bodies lo cdlecl data lo evidence value ol the Welsh sector Provision of an Accrèditation Support Grant5 scheme Prc)vision of a Training and Conference Grants Scheme Etnploymenl ol freelance Gr8nls Officer to administer granl %heme Provide Iraining 5e55ions specifically for tnembers Provision rif places on WelshlUK-wide sector Iralninglsupport schemes Coordinate subrnission of papers to sector conferences. disseminating Welsh best practice Further detail ol the tharity'5 activity can be found in ils Business Plan an¢ associated Aclion Plan. Page 7 THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 MARCH 2022 Objectives and activitiès Icontinuedl d. Grant-maklng poll¢l¢s In line w11h lis aims and objèclive th8 charrty will oplirnise grant opporlunilies frorn a rang& ol public and privaie sources. Since 2010 Ihe ¢harily has been fortunate lo access liJnrlii)g on an annual basis from the Vvelsh Governtnenl to offer a grants scheme to eligiblg member museums. Gran18 are currently off8r8d 10 5UPPOrt the maintenance of Accrsditation sland8rds and widen access to th8 tnu5eums ènd their collections. Its enable. museum staff to acTrss professional training and attend conferences and to fa¢ililate seclor wide research, resilience and an annual Welsh Museums Festival. Grants from Welsh Government will be shown separately on the accounts. Depending On the Welsh Governmenl grant amount awarded and Ihe time In the fin2nc121 yeai when the funding is received, funds may gel allocated (o several grant rounds In the same financial year andlor Ilie subsequent year The grant Income fof one financial year fflay therefore be signilicanlly higher Ih2n the relaled expenditure and vice versa. Achievements and perfomian¢e Maln achi•vtmant$ of thè Charity A sutnmary of the main activilies for the year can be foLind in the Vi¢e-Presidents Report. Flnaneial fèview - Golng concem Aftèr making appropriate enquiries, the Trustees have a reasonable expgclalion that Eh8 Charity has adequat8 re5Durce5 lo continue in operational existence for Ihe foreseealle future. For Ihis reason, Ihey continue lo aL*)pl the gtiing conceffl basis in preparing the financial slatemenls. b. Reserves policy Sufficient reserves are mainlain8d to cov8r predicte(S expenses lor a period of 12 months." the Iru51ees have agreed to maintain al ￿a$1 £30.000 as a rese￿e. All grants awarded lo the ch3rily by olher botjips are ofjly lo be used a5 sel out in relevant grdnl con(lilioi)s The Celini Barnett Fund is a restricted fund Ihal exists lo promole collections related research undertaken by members. Free reserves at 31 March 2022 were £52,47012021.. £60.6751. Page 8 THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Structure, governance and management a. Con8tltutlon The charity, formed in 1976 and registered in 2004. is governed by a conslilulion adopled In 2003 and amended in 2015 and 2018. The registered chaiily has a charity nufflber 011102270. The Charity is run by an Execulive Committee lof belween 5 and 11 mernber51 from which the following officer* President. Secretary and Treasurer- are appoinled at the AGM every 3 years. b. Methods of appointment or election of Trustees The rnanagemenl of the Charity is Ihe responsibilily of Ihe Truslees vtho are elected and co-oplod under tlip lems of Ihe Ctsnstitulion. c. Poli¢ie$ adopted for the Induction and tralnino ol Trustees Potential Trustees are identified. brought lo the atlenlion of the Trustee Board and invited lo one of their moelings. All TrusleE5 are given 8 CDPY of the Charity Commission 'E5senlial Tru51ep' Guidancp Io Fead d. Organisational structure and de¢lsion4naklng pollcies The ExECUtive Corntnittee holds al least two ordinary meetings each year. A special meeting may be callpd al any time by the president Dr by any two rnembeis of ihe Executive Cornrnillee upon not le55 than 4 days. notice being given to the other members Df the Executive Commiltee of Ihe mallers lo be disckjssed. The president acts as chair al meetings ol the Exeoulive Commillee. QuorLJrn is achieved when al Isasl third ol the number of mernbers of the Execulive Committee lor th8 lime b8ing or three rnembeis of the Executive Committee. whtchever is the grealer. a￿ p￿sent at a meeting. Every maller is delErmin8d by a m8iorily of votes of th8 tn8mb8rs of the Executive Cornmilleo preseril aiiiJ voting on the question bul in the case ol equality ol the voles the chair of Ihe meeling sh311 have a Second or casting vole. The Executive Committee keeps rninules of the procee(Jings at rneelings of ihe Execulive Cotllmillee Oecisions relating lo grant awards are made by co-opted members to avoid any conflicls of inlerst è. Flnancial risk rnanagement The Trustees have assessed the major risks lo which the Charily 15 expD5ed. in p3rtiEular those related lo the operations and finances Df Ihe Charity, and aro satisfied that Sy51ems and procedures are in place lo mitigate exposure lo Ihe major risks. Page 9 THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 statement of Trustèès. r¢Bponsibilities Th8 Trustees are responsible lor preparing the Trustees. report and the financial 51aleTnen15 in èccordance wilh applicable law and Unileil Kingdom Accounting Siandard5 Iuniled Kingdom Gencrally Acceplpd Ai¢ouiilii)g Practi￿1. Thè law applicablè lo charities In England & W218s requires the Truslees to prepa￿ financial stalemenis lor each financial year which yive a true and fair view Df the stale of affairs of th& Charity and of ils incoming resource5 and ap￿ICation ol resources, including 115 Income and exp&ndilure, for that P8riod. In preparing these financial slalemenls, the Trustees are required lo.. selecl suitable accounting policies ancl then apply them consislenlly.. ob58lV8 th8 methods and principles of Ihe Charilieg SORP IFRS 1021, ake judgments and accounting estimates th31 are re3S0n8ble and prudent.. stale whether applicable UK AccDunling Standards IFRS 1021 have been followed. subject to any alerial departures disclosed and explained in the fInanua￿ statements.. piepare the financial slatemenls on the goiThJ concern basis unless It Is inappropriale lo presurDe Ihal the Charity will continue in busine5S. The Trustees are reswnsible for keeping adequate accounting records that are sufficient lo show explai the Charity's Iran58clions and disclose wilh reasonèble accuracy at any time the financial position of the Cl)arily and enable them lo ensure that Ihe financial slalements comply wlh the Charities Act 2011. Ihe Chaiily IAccounls and Reponsl Regulations 2008 and lh8 proviBions of th& ConslituliDn. They arg also résponsible for Safeguarding the assets of the Charity and hence foi taking reasonable steps for prevenlioii and detection of fraud and other Irregularities Approved by order of the members of thè btsard ol Trustees and signed on their behalf by.. M Ma50n Vice Prosid N Blackamore Treasurer Date". li Ockokw Qu Page 10 THE FEDERATION OF MUSEUMS ANO ART GALLERIES OF WALES INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2022 Indepèndènt examlnerfs report to the Trusteos of The Federalion of Museum$ and Art Gallorres of Wales I'the Charlty'l I report lo the chaiily Trustees on my exarnination of the accounts ol the Charity for Ihe year erided 31 March 2022. Responsif)ilities and basi$ of report As the Truste65 of th8 Charity you are responsible lor the preparation ol the a¢coynls In accorclance wilh the requirements of Ihe Charilie5 Act 2011 I'the 2011 Act'l. I report in respect ol my examinalion of the Charity's accounts carried oul un*Yer section 145 Of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charily Commis%ion under se¢liDn 14515llbl ol the 2011 Act. Page 11 THE FEDERATION OF MUSEUMS ANO ART GALLERIES OF WALES INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Ind•pandent examlner's Statement Since the Charity's gross income ex￿eded £250.000 your examiner tnU51 be a tnemb8r of a body lisled In section 145 of the 2011 AGI. I confirm that l am qvalified to undertake the ex3minalion because l am 8 mernber of ACCA. whi¢h is one of the listed bodios. Your attention Is drawn to the fact that the Charily has prepa￿d the accounts accordance with Accounting and Reportin9 by Charilies.. Statement of Recornmended Pr3clicÈ applicable lo charities preparing Iheir account5 in acwrdance with the Financial Reporting St8ndard 8pplicable in th& UK and Republir. of Ireland IFRS 1021 sn preference to the Accounting and Reporting by Charilies.. statement of Recommondod Praclicc issued on 1 April 2005 which Is ref8rred to in the extant regulations bui has been withdrawn. l undèrstand that this has been done in order for the accounts to provide a true and lair view in accordance with Ihe Generally Accepted A¢cournling practi￿ effeclive lor reporting peliods beginning on or after 1 Jaiiuary 2015. I h3ve completed my exarnination. I confirrn that no malters have come lo my allenlion in ¢onnec.tK)n with the examination giving me cause lo believe that in any material iespecl.. accounting re¢ords were not kept in resp9Ct of the Charity as required by section 130 of the 2011 Act". or Ihe accounts do not 8ccord with Ihose recortJ5". or the accounts do not CDrnply with the applicable requiremenls Concerning the form and conlenl or accounts sel out in the Charilies IAccounts and Reportsl Regulations 2008 other than any requirgment that the accounts give a 'true and lair, view which Is not a mallei cons￿ered as part of an independent oxamination. I havo no conGgms and have comg auoss no other matters in conrieclion wilh the 6xaminalion lo whicl) allention should be drawn in this report in order lo enable a proper underslandiry ol Ihe accoiinls lo be reache(t. This rEpori 15 made solely lo the Charity's Trustees. as a b(KJy. In accordance wilh Parl 4 of Ihe Charities IAcwunts and Fleportsl Regulations 2008. My work has been undertaken so Ihat I might stale lo the Charity's Trustees Ihtsse matters l am required lo slate lo Ihern in an Independenl examinerfs iepori and for no olhor purpose. To the lullesl extent permilted by law, I do not accept or a55urne responsibility lo anyone olh8r Ilian the Charily and the Charity'5 Tiustee5 as a body, for my work or for this report. Signed.. Dated.. 0911212022 T Lunt BA FCCA MIRPM Belmont House, Shrew5bLlry Business Pafk, Shrewsbury SY2 6LG Page 12 THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022 Unrestrlcted funds 2022 Restrlcted lunds 2022 Tg181 funds 2022 Total luiids 2021 Notè Income from- Donation5 and legaues Charitable activities Investments 11,875 390,000 401,875 156.693 150 44 Total income 11,883 390,000 401.883 q56.887 Expendlture on= Charflable a¢livities 8.268 531,335 539.603 412,229 Total èxponditure 9,268 531,335 539,603 412,229 Net incomellexptndlturèl Transfers belween funds 3,61S 111.8201 1141,3351 11,820 1137,7201 12,55,342J 13 Net movèment in funds 18,205 1129,5151 1137,7201 1255,342) R8conclllallon ol funds.. Total funds brought forward Nel movement in funds 60,675 18,2051 198,151 1129,5151 256,826 1137,7201 5f4, 168 (255.3421 Total funds carrled forward 52,470 68,636 121,106 2J8.826 The Statement of financi81 activities indudes all gains and losses recognised in the year. The notes on pages 15 10 25 form part ol thèse financial slalernent5. P£ige 13 THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES BALANCE SHEET FOR THEYEAR ENDED 31 MARCH 2022 20Z2 2021 Note Flxed assets Current assets Debtors Cash al bank and In hand 298 254,182 336 260,650 2S4,480 260.986 Creditor5. amounts falling due within one year 12 1133.3741 12, 16Ql Net current assets 121,106 25B.826 Total assets le$s current liabilities 121,106 258.826 Ntt 355ets excluding penslon assèt 121.106 258.826 Total nèl assets 121.106 258,826 Charity funds Reslricled funds Unrestricted funds 13 13 68,636 52.470 198, 1.51 60,615 Total funds 121,106 258.826 The financial slalefflenls were approved and 8Uthorised fof Issue by the Tru51ees wid signed on their behall by.. M Mason (Chair of Trust N Blackamore (Trusleel Dale. i ockobw lulL 10 3- The note5 on pages 15 to 25 form part ol these financial statements. Page 14 THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES NOTES TO THE FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 MARCH 2022 General Informatlon The Federatitsn ol Museums and Art Galleries of Wales is a Charity. formed in 1976 and regislerecl In 2004 in Wales. The charity is govemed by a constitution adopted ID 2003 ar)d amended In 2015 and 2018. The registered charity number is 1102270. Accountlng policies 2.1 Basls of preparation of financial stalemenls The financial statemen15 have been prepared in accordance with the Ch3nlie5 SORP IFRS 1021 Accounting 8nd Rewrting by Charities." Statement ol Recommended Pracli¢e applicable lo charities prep8nng their accounts in accordance with Ihe Financial Reporting Standard applicable In Ihe UK and Fy aclivily. The costs ol each activity are made up ol Ihe lolal ol direct costs and shared costs, including support costs involved In undertaking each activity. Direct costs alliibulable Its a single a¢lwily are allocated directly lo that activity. Shared costs which conliibule lo more than one aclivily ancl support cosls which are nol 3ttribulabl8 to a $1ngle activity are 3pportioned between Ihtsse activitie5 on a basis consislenl with the use of resources. Cenlral slatt costs are allocated on the basis of lime spent. and depreciation charges allocated on the portion of Ihe 355el'5 use. Page 1J THE FEDEIiATION OF MUSEUMS AND ART GALLERIES OF WALES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accountlng policies Icontlnu8dl 2.3 Expendlture Icontinuedl Expendiluie on charitable acliviliÈ$ 15 incurred on directly undèrtaking Ihe activities which lurlher Ihe Charity's objectives. as well as any associated 5UPPOrt costs Granls payable arg charged In th8 y8ar when the offer is made excepi in those cases where Ilie offer is conditional, such grants being recognised as 8xpendilure when Ihe condiiions allaching are fulfilled. Grants offered subject lo Condit￿n$ which have not been mel al the year end are noled as a ¢ommilmenl, bul n(Ft accrued as expenditure. All expenditure is inclusive ol irrecoverable VAT. 2A Government grants Government giant5 are accounted for in the Statement of financial activities on Teceipl. with Ihe expenditure a¢counled for as incurred. 2.5 Interest recÈSvable Inleresl on funds h81d on doposit is included when receivable and the arnDunl can be me8surÉd ieliably by Ihe Charily.- this is nrirrnally nolificalion ol Ilie iiilerebl paid or payable by Ihe inslilulion with whotn the funds are deposited. 2.6 Debtors Trade and other debtor5 ale recognised al the setllem8nl amount after any trade di5eounl offered Prepayments are valued at the amount piepaid nel of any trade discDunts due. 2.7 Cash al bank and In hand Cash al bank and in hand ?nclud8s cash and short-lerm highly liquid Inveslrnenls with 3 Sho rnaturily ol three months or less from the dale of acquisition or opening of Ihe dpposil or similar account. 2.8 L43bilit185 and prov151ons Li8bilities a￿ ￿cOgniSed when there is an obligalion at Ihe 8alanc8 sheet dale as a result 013 Past evenl. Il is probable that a transfer of e¢on(ynic benefit will be required In 5elllemenl, 8nd Ihe amount ol the 5eltlemenl can be estimated reliably. Liabilities arè recognisgd al the amour71 Ihal the Charity anticipates il will pay to seiiie Ihe debt or the amount it has received as advanced payfflenls for the goods or 5erwices il tnU51 provide. Provisions a￿ measured al Ihe besi estimate of the amourils required lo setile the obligalion. Wher8 the 8ffecl of the lirne value of rnoney 15 material, the provision is based on the presenl value of those amount5, discounted at the pre-tax d￿SCOUnt rale that reflects Ihe risks specific lo rhe liability. The unwinding of th8 discount is recognised in the Statement of financial aciivilies as a ffnance cost. Page 16 THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2D22 A¢¢ounting pollclès Icontinuedl 1.9 Financial instruments The Charity only has financial assèts and financial liabililies of a kind Ihal qualify as basic financi.?I inslrurneDIs B3sic financial insirumenls are initially reo4nised al Irdnbaclion volue and subsequently m8asured al their settlement value wilh Ihè excep11￿ of bank loans which are subsequently measured 21 arnortisgd cost using the effective interest method. 2.10 Fund accounting General funds are unrestricted funds which are available lor use at the discretion of the Truslees In furtherance of the general objectives of the Charity and whth have not b8en designated for olhgr purposes. Reslricled funds are fund5 which are tc> be used In accordance wlh specific resiriclions imptsse(J by donors or which have been rassed by the Charity for particulai purpose5. The costs ot rai51ng and a*Jministering such fund5 a￿ charged against the specific fund The aim and use of ear.h rcglnclcd fund is set out in the nol85 lo the financial statements. Investment income. gains and losses are allocated to lh8 appropri818 fund. Income from donatlons and legacies Unrestricted Restrlcted funds funds 2022 2022 Tolal funds 2022 Tolal 2021 Donations Government grants Similar Incorning resources 11.815 11,815 390,000 60 6.530 1?5.000 23.063 3go,000 60 11,875 390,000 401,875 156.693 Toial 2021 13, 103 143.590 15G. 6￿9 P3ge 17 THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Income from charltable actlvl¢les Unr•strict8d Restricted funds funds 2022 2022 Total lund5 2022 rolsl 2021 Income from charitable activities- Conferences 750 Ttrlal 2021 60 ?50 Investment income Unrestricted funds 2022 Total funds 2022 Tol31 lunds 2021 Investment income bank inieresl 44 Total 2021 44 44 Analysis of gr8nt5 Grants to Gran15 to Institutions Individuals 2022 2022 Total fund5 2022 Tol81 riindb 2021 Granls 352,397 36,350 388,747 393.475 Tofal 2021 393,475 393,475 106 Grants wgro given to organisations during tho year. These werg from a variety of resincled lun¢s and for purposes as described in the Trustee ￿pOrt. The Winter of W&llbèing resiririp(I lund expenditure Ihis year also included 85 grants lo individuals. Ihese were lor young peoplo placements to help facilitate their engagement and access lo Ihese projects. P3ge 18 THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Analysls of grants Icontlnuedl The Chaflty has made the Icllowing material grants to in51ilulions during the year. 2022 Name of in5titutlon Rhondda Heritag8 Park Storiel Musèum Amgueddfa Cymru- Nalional Museum Wales y Gaer Conwy Cullure Centre Royal Welch Fusiliers Museum Caemarfon C2rmarthenshire Museum CC4 Museurn of Welsh Cricket MuntNoulh Museum MonLile S3,511 36,673 35,000 24,266 20,057 18.074 16.881 14,917 14,605 12,689 11,288 10.133 Y Lanfa PCC Judges Lodgings 268,094 Other grants lo inslilulions 84,303 352,397 Analysis of expenditure on charltabk a¢tivities Summary by fund type Unrèstricted R8Strlcted funds funds 2022 2022 Total tunds 2022 Tol81 lurids 2021 Direct cogts 8,268 531.335 539,603 412.229 Total 2021 13,454 398, 775 412,22g Page 19 THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Analy515 of expendlture by actlvltle5 Actlvltles undertaken dirèetly 2022 Grant fundlng of activities Total fund5 2022 TolAI 2022 Direct costs 150,856 388.747 539,603 472.229 Tot812021 78.754 393.4f5 412.229 Analysls of direct costs Tolal funds 2022 Total funds 2021 Actlvllies 2022 Development officer Conferences Advocacy Accountancy ommiltee expenses Bank Chaiges Insurance PLfblicalK)ns and printirHJ Webs Sundry Grant programme rnak8rs Grant adminislr21ion Grants other expenditure Consijltanl fees 11,000 11,000 6,000 789 6.272 2.100 480 2.100 480 1,320 772 15 435 15 435 936 448 936 56 552 1,205 126 703 30,857 39.004 40.000 25.200 126 703 30,857 39,004 40,000 25.200 150,866 150.85fj 18, 754 Total 2021 1B.754 18.754 Page 20 THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Indep•nd*nt examln•r's r6mun8ratlon rhe independent exarninerfs remunerab'on amounts to an independenl examiner fee of £1.100 12031 El.6501. 10. Trustee$. r•muneration and expenses During the year, no Trustees received any rèmull8ralion or other benefits (2021 ENILJ. Dunng the year erded 31 March 2022. expenses lotalling £98 were reimbursorj or paid directly lo 1 Trustee (2021 £nJfj. The expens65 ielat8d to photocopying expenses. Debtors 2022 2021 Due within one year Prepaymenls and accrued incom& 298 336 298 336 12. Credltors- Amounts falling due within one year 2022 2021 Trade creditors Accruals and deferred income Grants ac¢rued- individual Grants accrued- institutional 21,227 1,320 200 840 1,320 110,527 133,374 2.160 Page 21 THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 13. statement of fund$ Statemènt of fund3- current year BalaNce at 31 March 2022 Balance at 1 Aprll 2021 Transfers inlout lrn¢c•me ExpenditUTe Unrestrictèd funds General Funds all funds 60,675 11,883 18,2681 111,8201 52,470 Restricted funds Austerity Resilience 2,975 80 2.975 1801 EurDpèan Museum of the Year Award 5,480 777 5.480 777 CMW Welsh Museum F85tlV81 Spoiiight ASG T&G grants CCF Winter of Wellbeing Sm211 Grants 10,774 7.052 67.026 3,987 100,000 40,000 137.9931 14.6771 172,8821 13,0881 179,6951 1296,956 136,0441 12,781 2,375 30,000 124,1441 899 20,305 23,044 320,000 36,044 198,151 390.000 1531,3351 11,82Q 68,636 Total of fund5 258.826 401,883 1539.6031 121.106 Pag8 22 THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 13. S¢atement of funds Icontlnuedl The restricted fund$ include.. Art Fund Museum Development - aims to support museums to effective reopening, meeting audience needs. and developing 8 sustainable offer. Austerity airns lo research local aulhorily museum expenditure lo g3uge the impact of auslerily measu¥es imposed on local government. ELJropean Museurn of the Year Award Fund - aims lo provide funding for members to a11gnrl 11)e Eijropean Museum of Ihe Year Award, For the first time in its history, th8 EMYA Conference and Aw8id% Ceremony will take place in Gardiff. CCF airn5 lo continue the work of CMW by supporting and promoting the wc)rk and colleclions or Welsh museums Welsh Museum Festival aims lo raise awareness and hlghlighl Ihe positive impacts ol Welsh Museums to visilois, 51akeholders and the medi8 and tD 3UPPOrt member Museums to offer tiealive opportunitie5 for visitors Spollighl aims lo undertake a comprettensive survey of Wales, museums, and was undertaken in 20(b. 2011 and 2015. We need up to dale data to advocate elf8clively for the sector. ASG - aims to enable museurns lo comply with standards set out In the Accr8ditalion Scherne for Museums In the UK, and lo demonstrat8 best practice within the scheme. T&C Grants - aims ¢0 support metllber Museums staff and lor volunleers lo eKlerllal Iraining andlor conferences. Win18r ol Wallbeing and young people. Iniliative 10 5UPPOrt Ihe social. emotional 8nd physical well being Of all childre Small Grants- Funds were h8kY within ASG in the prior year. Pagp 23 THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 13. Stalernonl ol lunds Icontlnuedl Statement of funds- prior year Balan￿ 31 31 March 2021 Balance at I Aptil 2020 Transfers In/o£rt Incomg ExpendilLfr8 Unrestrictetl funds Gen8ral Funds- all funds 60.922 13.207 113.454J 60.615 Restricted furbds Art Fund Museum Developmènt Austerity Resliience EuropeaD Musoum ol the Y88r Award cmw Welsh Museum Festival Spollighl ASG 14,840 (18. 130) 3,290 2.975 350.000 2.9TS 60 (326.63Q) (23,290J 1.730 687 s.￿0 15, 152 72,202 5.000 3,750 90 5.480 777 25,000 (39.726} (8, 700) 15, 176} (7,013) 2Q.000 70, T74 1,052 67,026 3.987 700.CIOQ T&G gr8nls CCF fQO,OQO 453.246 143,680 (398.7T5) 198. 151 Total ol funds 514. 168 156,887 (412.229) 258.826 14. Analysls of net assets between funds Analysis of net asset5 between funds - currènt yèar Unreslricted Restricted funds funds 2022 2022 Total fund5 2022 Current a55els CredilDrs due within one year 54,066 11.5961 20D 414 254,480 1133.3741 1131,7781 Total 52.470 68.636 121,106 Page 24 THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2022 14. Analysls of nèt assets between funds Icontlnuedl Analysis of net assets between funds - prior year Unrestricled lunds 2027 Restrrcted funds 2021 Tol&l funds 2021 Current assets Creditors due within one year 62.835 {2. 160) 198, 751 6(J.986 (2. 160) Total 60,675 198, 157 258.4126 Related party transactions Due lo the nature of the charity, the museums or organisalions employing eight Trusle8s, N Thomas. R Rogers. N Blackamore. E Barnes, M Mason. C C8nham. J Taybr and E Lewis. received gran15 lotalifjg £123,849 12021." nin8 Trustges £36,350). Thè parlner of Trustee N Blackamore r8c8ived a grant of £3.125 for artist services provided. Page 25