Charlty number: 1102270
THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Ffederasiwn
Amgue&)feydl
Cymru
Museums
Federation
Cymru
WR
Partners
Protecting your future.

THE FEDERATION OF MUSEUMS AND ART GALLERIE8 OF WALES
CONTENT8
Page
R•feronce and athnlnlstratlvo dotails of Ihe Charty, ft8 TnMto01 and advl8ors
Chalfman's •tstgm•nt
Trugtso•' report
Ind•p•nd•nt •xamln•r'$ roport
Statsrnont of finan¢lal actlvltle•
8-10
13
Balance sheet
14
Notas to the Ilnan¢l•l glat•monl*
15-26

THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALE8
REFERENCE AND AOMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTÉÉS AND ADVISERS
FOR THE YEAR EMDED 31 MARCH 2025
Trust•es
K Griffin, President (appoint•d 7 Octobef 2024}
N BlaGk8more, Treasurer
C Canham, Secfetary
C Whittaker, Vice President
A Dealhe, Membership Officer (resigned 7 October 20241
E Lewis. Chair
A Rees {resigned 7 OGlober 2024)
K Murdoch
N Thomas
R Rogers
S Sandford. Web Officer
C Davies (appointed 7 October 2024)
Charlty raglst•rnd
nUM￿r
1102270
Prlnclpal office
ce￿digion Muesum
The Collseum
Terrace Road
Aberysfvryth
Ceredigion
SY23 2AQ
Accounlants
WR Partners
Chartered Accountants
Belmont House
Shrewsbury 8u$ines$ Park
Shrewsbury
Shropshlre
SY2 6LG
Page 1

THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES
PRESIDENTS REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Presidont pr¢¥ents his statement for the year.
Annual Report for Year ¢ommen¢ing 1 Aprll 2024 to 31 Mar¢h 2025
This ieport ¢overs the pènod from 1 st April 2024 until 31st March 2025. The Federation has conlinued its core
mission of supporting museums across Wales, navigating ongoing financial pressures while activety working to
strengthen the seclorfs resilience and community engagement. This year was pa￿'CUlarlY focused on reinforGing
key strategic partnerships, developing and delivering vital grant programmes, and improving the Federation's
own govemance and opeFalional efficiency. The Board extends Its grat￿Ude lo all ils member3. partners, and the
dedicated Development and Grants Officer fof Iheir invaluable Gonlribubons throughout the year.
Governance
The Federation's board mel on a number of occasions during the year. holding four key meetings in June.
September, December, and Mafch. There was also the AGM, which took place in October at Ceredigion
Museum. The board currenty has ten Trustees. Nigel Blackamore (Treasurer), Carrie Canham (Secretary),
Carly Davies. Ken Griffin (President). Esta Lewis (Chair). Karen Murdoch, Rachael Rogers, Susan Sandford
(Vveb Officer), Nést Thomas. and Carol Whthaker (Membership Officer). Additionally, Andrew Deathe and Arran
Rees left their positions as trustees at the 2024 AGM. The Federation has also benefiled from the support of
three co-opted members {Dlane Gwilt, Rhian Hall. and Jane Henderson) and observers, representing the Welsh
Government Culture Division (Elizabeth Bennett and Sara Maggs}. Amgueddfa Cymru - National Museum Wales
(Mark Ethendge and Sioned Hughes) Ihe National Trust Isusanne Gronnow), and the Museums Association
(Alice Briggs), have been inslrumental in maintaining our strong links with these key strale9ic bodies. Robin
Johnson, from the Group for Education in Museums (GEM). was invited as a new observer dunng the year.
Finally. the board was supported by a part-time Development Officer Chris Delaney, whose work is funded via
membership subscnptions.
At the AGM in October, Ken Griffin was elected as the new President of the Federallon. Further changes look
place during the year, with Carol Whittaker taking over as Membership Secretary and Esta Lews as Chair. The
AGM agreed that the board should continue woiking towards the Iransilion of the Federation's status from an
unincorporated ¢harily to a Charitable Incorporated Organisation (CIO), This has been led by Carrie Canham
(Secretary) and has been a major focus of the board's work this year. It will streamline our operations and
strengihen our legal framework for the fulure. Susan Sandfoid {Web Officer) provided training in using Outlook
and OneDrive.
Page 2

THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES
PRESIDENTS REPORT ICONTINUEDI
FOR THE YEAR ENOED 31 MARCH 202S
Advocacy and Partnerships
The Federation has worked diligently throughout the year lo advocate for the Welsh museurn sector and to foster
key partnerships with strategic bodles.
Welsh Government
Our relationship %Mlh the Welsh Government remained robust. culminab'ng in a productNe meellng wlh the
Minister for Culture, Skills and Social Partnership, Jack Sargeant, in January 2025. Federation representatives,
including the President, and the Museums Association. presenled compelling evidenre on the signthcant uplift in
wellbeing experienced by visitors and volunleers through engagement wilh museum se￿iCe$, as well as the
pivotal rol8 museums play in fostering ¢ommunity cohesion and pefsonal enrichment.
The meeting also provided an opportunity to highlighl the seclo¢s proactive delivery on the ambitions of the Anti-
racist Wales Action Plan (ArWAP), with concrele examples of impactful iniliatives bèing shared with Ihe Minister.
We drew attention to the recent austerity report, undersconng the severe budgetary constraints facing museums
and making il clear that while the sector is committed to deliverin9 Posltive social outcomes. these financial
pressures are a significant hindrancp. Following th8 meeting, the Welsh Government's Culture Division
requested a proposal for funding to support the local museum sector in the coming year. A business case for
Ihree-yeai funding agreement was submitted to support grant progfammes and conferences. providing a
stronger foundation for lon*temi planning and sustainability. The Federation also worked with the Welsh
Govemmenl on two key consultations.. "Draft Priorilies for Culture. and the "Impact of Funding Cuts for Culture
and Sport,. submitting completed responses and encouraging members to do the same.
The Federation attended Welsh Museum Support Roundlable with collea9ues from the Welsh Govèrnment and
Amgueddfa Cymru in November 2024 to review a draft 'Statemenl of Intent" outlining the role of each
organisati¢)n regarding museum development and support.
Amgueddfa CymrLt- National Museum Wales IAC-NMW}
The Federation maintained an active dialogue wilh AC-NMW. Board members contributed to the consultation on
Amgueddfa Cymru's Collection Development Strategy. Additionally. thè Fedèration continued to partner wlh AC-
NMW on the Wales REACH project and collaborated on an in-person event for the Our Broken Planet
programme.
Museums Association
Our close working relationship with the hhuseums Association {MA} continued. The Federation played
significant role in the planning for the MA Conferenee 2025, which is to be held in Sl Fagans in October.
Meetings have taken place regularly to dlscuss conference planning. review proposals, and lo decide panels and
hosts. The FeLleration is committed lo ensuring the conference is a success and provides a plattoTm for Welsh
museums to showcase their vilal work.
Membership
As of 31 March 2025, the Federation's membership stood al 46 museumls8rvic8 memberships and 15 individual
memberships, representing approximately 72 museums. A dedicated effort was made lo encourage renewals
from the remaining 23 Accredited museums that had not yel renewed their membership. This process involved
direct emails and communication via mentors. A key operational irnprovement this year w8S the Inlroduelion of a
new online payment System via Stripe, which was Successfully ulilised by 19 members by March 2025. This
system will $lreamlin8 the membership process movlng foTward.
Page 3

THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES
PRESIOENTS REPORT (CONTINUED
FOR THE YEAR ENDED 31 MARCH 2025
Grant Programmes 202412025
The Federation administered several vital grant programmes throughout the year. all funded by the Welsh
Government. The role of Grants Officer. also funded by the Walsh Government, was fulfilled by Chris Delaney.
These programmes provided much•needed financial support to museums and professionals across the country.
The three grant programmes were all closed before the end of the financial year with all project granls claimed.
We had approval lo spend residual grant resources still in our accounts. This slippage has been used lo offer
grants in advance ol the MA Conference in Cardiff In the autumn 2025 and some additional small granl projects.
Small Giant Programme
The Small Grant Programme delivered a total of 41 awards across two funding rounds during the year. The Initial
spring round, which launched in April, was heavily oversubscribed, receiving 26 applicalions that requested a
total of £97.748. In lolal. 41 claims fof the awards, amouTrting lo ovèr £121,897. were processed by year•end.
Training & Conference Grant Programme
This programme was also launched in April and supported 18 approved applications. A total of £9.656 was
awarded and Glaimed by year-end. A key outcome of this programme was the support il provided lo 16 staff
members who were abFe to attend the MA Conference with grant assistance. The fund also enabled speakers to
represent Wales at Ihe MA conference
Welsh Museums Festwal
The Wolsh Museums Festival granl programme was launched in July and proved to be extremely popular. The
programme successfully supported 21 awards with a final expenditure of £9,901. The festival delivered a high
number of aclivilies, ¥Mth evaluation suggestin9 a significant posrtive impact on participating organisations and
public engagement. We would like to extend our sincere thank5 to Rachael Rogers and the consullanl. Carys
Mair Thomas, for their delivery of this programme.
Annual cOnfe￿nce
The Federation's annual Gonference was held on 6th March al the Taliesin Arts Centre Nmthin the Swansea
Univeisity campus. This marked our first in-person evenl since 2020 and proved lo be a considerable sucGes$,
with nearly 50 delegates in attendance who noted how special il felt to gather and discuss together once again.
The central theme ol the Gonference was "Museums after 25 Years of a Devolved Government., with five
spèakers highlighting thé progress. successes. and challenges faced by the seclor since the Govemment of
Wales Act 1998. We were grateful that Jack Sargeant, Welsh Minister for Culture, Skills. and Social Partnership.
was able lo join us and deliver the opening remarks.
Page 4

THE FEDERATION OF MVSEUMS AND ART GALLERIES OF WALES
PRESIDENTS REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
Projects
The Development and Granls Officer eontinued to work on several key projects that expand the Federation's
reath and impact beyond direct grants.
Our Broken Planet.. The Federation continued its collaboration with the Natural History Museum on their
public programme. ￿1¢h alms to engage younger, more diverse audiences across the UK with
onlemporory science research and environmental challenges. This network aspires to share contemporary
science research relating lo local collecllons and environmental challenges. An in-per30n event was held in
Cardiff in November, linking to Climate Change Weèk events, with a secondary event at Big Pll.
Museums, Collects'on$. and Cynefin.. The Federation continued Ils partnership with Dr. Madan Gwyn on this
project. The final year of this initiative saw the participation of a furthef 8 museums in mid and south Wales,
w¢th a focus on delivering a lasting legacy for the partlCiP8nts.
Wales REACH.. The Federation continued its partnership in this Open University and Arngueddfa Cymru
lottery project. which Seeks to work wilh dlsadvantaged ¢ommunities and use rnuseum seNices to facilitate
posStive change and engagement
On behalf of the Board of the Federation of Musèums and Gameries of Wales
K Griffin
President
The Federatson of Mu￿uM$ and Art Gallertes of Wales
Page 5

THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES
TRUSTEES. REPORT
FOR THE YEAR ENOED 31 MARCH 2026
The Trustees present their annual report together with the financial statements of the Charity ft)r Ihe period from
1 April 2024 to 31 March 2025.
Objoctivos and activltios
Polici8s and objèctives
Our mission 15..
We support and advocate for the highest slandards of museum provision throughout Wales, lor the people of
Wales.
Our key messages are..
1 . Museums empower people through leaming, participation and inspiration
2. Museums and their collections strengthen community idenity and welkbeing
3. Mvseums make a significant economic contrlbution through tourism and regeneration
Our chaiitable objectives are.
1. To promote the highest pmfessional standards of work and public service In museums and art galleriès In
Wales
2. To advance the education and training of those working in and supporting museums and art galleries in Wales
3. To encourage public educalion through promotion and maintenance of high-quality museum and art gallery
lifelong leaming setvices
In setting objectives and planning for activities, the Trustees have given due consideration lo genéral guidance
published by the Charity Commission relating to public benefit, including the guidance 'Public benefil: running
charty {P82)'.
b. Strategles for athlèving obJ•ctlves
The charity is the slfategic body for museum and art gallery professionals in Wales. advocating for the highest
standards of museum provision Ihroughout Wales. We represent all types of museums
national, local
authority, university and independent
and their staff whether paid or volunteer. Thè charity promotes good
practice in museums and galleries and provides support, advice and a forum for discussion of museum issue¥
affecting members.
Thè charity has built its capacity to deliver by a series of grant applications and by working in partnership with
other sector bodies. It has also utilised funds from ils reserves on o¢¢asion to support this work (e.g. In
providing grants for Welsh Museums Festival events, funding for Welsh places on UK-wide sector training
schemes).
By its very nature as a membership-funded, volunlary-run organisalion, thè capacity of the charity will ebb and
ftow depending on the availability of its committee lo undértake additional roles, funding available and the activity
of ils partners and gtakeholders.
Page 6

THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Objectlves and a¢tlvitits l¢ontinuod)
c. Actlvltlos undortak8n to achlove objecllves
Core work
The followlng is undertaken by the core Trustee committee and funded by membership fees (supplemented by
reserve$ if deemed necessary by the Federatioro committee)
Publish Y Mag bNice a year. lo disseminate besl practice and provide a sourGe ol advice and support
Enable access to a Jiscmail email service. providing a key cornmunication tool for the sector. a source of
advice and support
Communicate with the sector and beyond through a dedicated website and social media channel (Twitter)
Support sector lo improve Standards through training, creation of guidance and toolkits
Advo¢ate for the sector by responding lo Consultations, sitting on sleerlng groups and boards. meeting the
Minister wrth Culture portfolio annually and fofging positive workin9 relationships with key sector bodies and
relevant partners
Support the membership to engage with key sectorlsocietal issues through advocacy comfflunication. working
with partners, signposting to support
Run bNO key events annually- Welsh Museums Conference and Federation AGM
Administer the Cefnl Barnet grant fund, lo enable small grants for museum object-based research by members
Additional Wofk
The following is certainly desirable for the charity to deliver, but is undertaken as and when the Federatton
committee decides it has additlonal financial resource and capacity available to undertake. This will include
decisions around using Ihe charity's reserves, partnering ￿th other organisalions. securing external funding to
deliver land therefore is al$0 dependent on the committee's capacity lo apply for grants)..
Employment of freelance Development Officer (currently 2 days a monthl to build capacity of Federation lo
undertake advocacy work. organise its annual conferenGe and dellver ils core work
Run and manage the annual Welsh Museums Festival
Run the annual Welsh Museums Day (an annual advocacy day)
Work wilh sector bodies to collect data to evidènce value of thè Welsh sector
Provision of an Accredilaiion Support Grants scheme
Provision of a Tralning and Conference Grants scheme
Employment of freelance Grants Officer to administèr grant scheme
Provlde tfaining sessions specificalty for members
• Provision of places on WelshlUK-wide sector traininglsupport schemes
Coordinate submission of papeis to sector conferences, disseminating Welsh best practice
Further detail of the charity's actlvity can be found in 11$ Business Plan and asso¢lated Action Plan.
Page 7

THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Obj9Ctlves and acl1vlt1￿ (continued
d. Grant4naking policies
In line with its aims and objective the charity will optimise grant opportunities from a rangè of public and private
sources. Since 2010 the chanty has been fortunate to access funding on an annual basis Irom the Welsh
Govefnment to offer a grants scheme to eligible member museums. Granls are ¢UTrently offered to support the
maintenance of Accreditation standards and wdèn access to the museums and their collections, lo enable
museum staff to access professional training and atlend conferences and lo facilitate sector wde research,
resilience and an annual Welsh Museums Festival.
Grants from Welsh Government will be shown separately on the accounts.
Depending on the Welsh Government grant amount awarded and Ihe lime in the financial year when the funding
is received. funds may gel allocated to Several grant founds in the same financial year andlor the subsequent
year. The grant income for one finaneial year may therefore be significantly higher than the related expenditure
and vice versa.
Achlevomants and performanc
a. Maln achievern?nts of th8 Charity
A summary of the main activities for the year can be found in the Presidents R8POrt.
Financial revigw
. Going concam
After making appropriate enquiriès, the Trustees have a reasonable expectation that the Charity has adequate
resources to Continue in operational existence for th8 foreseeable future. For this reason, they continue to adopl
the going concérn basis in preparing the financial slalements.
b. R8serves policy
Suffieienl resèrves are maintained lo cover predicled expenses for a period of 12 months., the Iruslees have
agreed to maintain at least £30,000 as a reserve.
All granls awarded to Ihe charity by olher bodies are only to be used as set out in relevant grant conditions.
Free ￿serveS at 31 MarGh 2025 were £31,284 (2024.. £34.735}.
Page 8

THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 ￿RCH 2025
structure, governance and management
Constilution
The charity, formed in 1976 and registered In 2004 18 governed by a cor)stitution adopted in 2003 and amended
in 2015 and 2018. Thè ￿gIStered Charity has a charity number of 1102270.
The charity is run by an Executive Committeè {of be￿een 5 and 11 members) from which the following officers -
President, Secrelary and Treasurer- are appointed at the AGM every 3 years.
b. Methods of appolntment or éleetlon of Tntstoés
The management of the Charity is the responsibilily of the Trustees who are elected and COvQPted under thé
terms of the Conslitulion.
c. Pollclès adopted for the Inductlon and tralnlng of Truste8$
Potential Truslees are identified, brought to the attention of the Trustee Board and invited lo one of their
meetings. All Trustees are given a copy of the Charily Commission 'Essenlial Trustee, Guidance lo read.
d. Organlsatlonal structure and dècision.making pollci96
The Executive Committee holds at lèast Iwo ordinary meetings each year. A special meeting may be Called at
any lime by the president or by any two members of the Executive Commiltee upon not less than 4 days, notice
being given lo the other members of the Executive Commitlee of the matters lo be discussed.
The pr8sidenl acts as chair al meetings of the Executive Committee. Quorum is achieved when al least one third
of the number of members of the Executive Committee for the lime bein9 or three members of Ihe Executh've
Committee, whichever is Ihe greater, are presenl al a meeting.
Every matter is determined by a majority of voles of the members of the ExecutNe Committee Present and
voling on the quests'on bul in the case of equality of the voles the chair of the meeting shall have a second or
casts'ng vote.
The Executive Commrttee keeps minutes of the proceedings al meetings of the Executive Committee.
Oècisions relating to grant awards are made by co-opted members to avoid any conflicts of interst.
Financial risk managèmont
The Trustees have assessed Ihe major risks lo which the Charity is exposed. In particular those related to Ihe
operations and finances of the Charity, and are $atisfied that systems and procedures ale in place to mitigate
exposure to the major risks.
Page 9

THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALE8
TRUSTEES. REPORT (CONTINUED
FOR THE YEAR ENDED 31 MARCH 2026
Stat•ment of Trustees, responslbllltlos
The Truslees are responsible for prepanng thè Trustees, report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting
Practice).
The law applicable to charits'es in England & Wales requires the Trustees lo prepare financial statements for
each financial whlch give a true and fair view of the state of affairs of the Charity and of its incoming resources
and application of resources. including its income and expenditure, lor that period. In preparing these financial
statements. the Trustees afe required lo
select suitable accounts'ng policies and then apply them consistently.,
observe the method$ and principles of the Charities SORP (FRS 102).
make iudgrnenls and accounling estimates that are reasonable and prudent.,
slate whether applicable UK Accounting Standards {FRS 102) have been followed, subject lo any malenal
departures disclosed and explained in the financial statements,.
prepare the finanaal statements on the 90ing concèrn basis unless it is inappropriate to presume that the
Charity will conts.nue In business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charity's Iransactions and disclose with reasonable accuracy al any time the financial position of the Charity
and enable them lo ensure that the financial stalemenls comply wth the Charities Act 2011, the Charity
(Accounts and Reports) Regulathons 2008 and the provisions of the Constitution. They 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 irregulants"es,
Approved by order of Ihe members of the board of Trustees and signed on their behalf by:
//L a/1
K Grilfin
President
Date." tl oCT4)￿ll Qois
Page 10

THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES
INDEPENDENT exAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Indop•nd•nt •xamln•¢s r•port lo tho Tru*¢o08 ol Thg F•derallon of Mu$eums and Art Gallorf•1
of Wales I'iho Charlty.)
I report to the charty TNstees on my examination of the accounts of the Charity for th• year ended 31 March
2025.
RMpon8lbllltlos and ba818 ot roport
As the Truste83 of the Charity you are r8sponsiNe for the preparation of the accounts in accordance with the
requirements of the Charilies Act 2011 ('the 2011 Act,).
I report in respect of my examination of the Chariiy's accounts carried out under seclion 145 of the 2011 Act and
In carrying out my examination I have followed Ihe applicable Oireth'ons given by the Charity Commission under
section 145(51(bl of the 2011 Act.
Page11

THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES
INDEPENDENT EXAMINER'S REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
Indop6ndont examlnovs ststsment
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance wilh Accounting and
Reports'ng by Charrties". Statement of Recommended Practice applicable to eharities preparing their accoun1$ in
accordancè with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) in
preference to the Accounting and Reporting by Chanties Statement of Recommended Practice issued on l April
2005 which is refer￿d to In the extant regulations but has been vithdrawn.
l understand that this has been done In order for the accounts to provide a true and fair view in accordance wth
the Generally Accepted Accounting Practice effec*ve for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come lo my attents'on in connection with the
examination giving me cause lo believe that In any material respect.
accounting records were not kept in respect of the Charity as Tequired by section 130 of the 2011 Act: or
the accounts do not accord with those records,. or
the accounls do not comply with the appliGable requirements concefning thé form and wnlent of
accounts sel OLÈI in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts givè a Irue and fair. view which Is not a matter considered as part of an independenl
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.
This report is made solety to the Charity's Trustees, as a body, in accordance with Part 4 of Ihe Charilies
(Accounls and Reports) Regulatson$ 2008 My work has been undertaken so that l rnighl state lo the Charity's
Trustees those matters l am rèquired to stale to them In an Independent examirser's report and for no other
purpose. To the fullesl extent permitted by law, I do not accept or assume responsibility to anyone other than Ihe
Charity and the Charily's Trusleès as a body. for my work or for this report.
Signed:
Dated.
S J Tweedle
Bsc FCA DChA
Belmont House,
Shfèwsbury Business Park,
Shrewsbury
SY2 6LG
Page 12

THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
Unrestri¢ted
fund8
2025
Rostrict•d
fur￿8
2026
Total
funds
2025
Total
funds
2024
Note
Incomo from:
Donations and legacies
Charitable aclivilies
Investments
9,001
480
151,321
160,322
191,376
414
1,383
Total income
9.481
151,321
160,802
193, 173
Expondlture on:
Charitable activities
12,930
196,564
209,494
229, 106
Totsl expendlture
12,930
196,564
209,494
229, 106
Net •xp•ndituro
Transfers be￿ell funds
(3,449)
12>
145,243)
148,6921
(35.933)
13
Net movèmènt In lunds
(3,451)
145.241)
148,692)
(35.9331
Rèconclllatlon of ￿nds.
Total funds brought fo￿rd
Net Movement in funds
34,735
13,451
57,383
(45,241)
92,118
148,6921
128,051
(35.933J
Total funds carrièd forward
31,284
12,142
43,426
92,118
The Stalemerrl of financial activities includes all gains and losses recognised in the year.
The notes on pages 15 to 26 form part of these financial stalemenls.
Pagè 13

THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES
BALANCE SHEET
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Note
Flxed assots
Current 48$ets
Debtors
Cash at bank and in hand
11
799
45,027
772
93. 746
45.826
94,518
Currént Ilabllltl••
Creditors.. amowts falling due wlthin one
year
12
12.400)
(2.400)
Net current as80ts
43,426
92.118
Total a$$etg 1099 ¢urr•nl Ilabllltles
43,426
92,118
Total not •ss•ts
43,426
92,118
Charlty l￿d$
Restflcted fvnds
Unrestricted funds
12,142
31,284
57,383
34. 735
13
Total funds
43,426
92,118
The financial statements were approved and aLrthorised for issue by the Trusteés and signed on Iheir behalf by:
K Grlffln
PresKlent
Date.. 11 Of_1()8￿
The notes on pages 15 to 26 fom part of these financial statements.
Page 14

THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Gènèral Inforniation
The Federatlon of Museum5 and Art Galleries of Wales is a ¢harlty, formed in 1976 and registered in 2004
in Wales. The ¢harity is governed by a constitution adopied in 2003 and amended in 2015 and 2018. Th8
registered chafity number is 1102270.
Ateounting pollcleg
2.1 Basis of preparation of Ilnanclal stalemonts
The financial statemenls have been prepared in accordance with the Charities SORP (FRS 102)
Accountin9 and Reportin9 by Charities: Statement of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republtc of Ireland (FRS 1021 and the Charities Act 2011.
The financial statements have been prepared lo give a 'true and fair, view and have departed from
the Cttarities (Accounts and Reports) Règulations 2008 only lo Ihe extent required lo provide a 'true
and fair. vlew. This departure has involved following the Charities SORP (FRS 102} published in
Oclober 2019 rather than the Accounting and Reporting by Chafits'es.. Stalernenl of Recommended
Praclice effective from 1 Apnl 2005 which has since been wilhdTaWn.
The Federation of Museums and Art G311eries of Wales meets Ihe definition of a public benefit entity
under FRS 102. Assets and liabilities are Inlllally recognised al historical cost or transaction value
unSe$s otheryd¢se slated in the relevant accounllng policy.
2.2 Income
All incomè is recognised once the Charily has enliUem6nl to the income. il is probable that the
income will be received and the amounl of income receivable can be measured reliably.
Grants are included in the Statement of flnancial activities on a receivable basis. The balance of
income received for specific purposes but not exp8nded during Ihe period is Sho¥￿ in the relevant
funds on the Balance sheet. Where income is received in advance of entiuement of receipt. its
recognition is defèrred and included in creditors as deferred income. Where entitlement occurs
before income is received, the income is accrued.
Income tax recoverable in relation to investment income is fecognised at the time the investmenl
income is receivable.
2.3 Expftndlture
Expenditure Is rècognised once therè is a legal or constructive obligation lo transfer economic benefit
lo a third paty, it is probable thal a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by aclivlty. The costs
of each activity afe made up of the total ol direct costs and shared costs, including SUPPOrt costs
involved in undertaking each activity. Dired costs allributable to a single actlvity are allocaled direGtIy
to th81 activlty. Shared ¢osts which contfibule lo more than one activity and support CQSts which are
not attrlbutable lo a single aclivity are apportioned be￿een those activities on a basis conslstent with
the use of resources. Cèntral staff costs are alloGated on the basis of ts'me spent, and depreciation
charges allocated on the portion of the asset's use.
Page 15

THE FEDERATION OF MUSEUMS ANO ART GALLERIES OF WALES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounllng pollcies Icontlnued)
2.3 Expenditure lcontinugdl
Expenditure on chantable activities is incurred on directly undertaking the acts'villes which further the
CharlV$ objectives. as well as any associated 5UPPQrt CQ5ts.
Grants payable are charged in the year when the offef is made ex¢epi in those cases where the offef
is Conditional, such grants being reco9nised as expenditure when Ihe conditions attaching a
fulfilled. Grants offered subject to conditions whiGh have not been met at the year end are noted as a
commitment. but not accrued as expendiluTe.
All expendrture is inclusive of irrecoverable VAT.
2.4 Govemment grants
Other grants that are not subject lo performance-relatèd conditions are credited to the Statement of
flnancial activities as Ihe grant proceeds are received. Gfants received plior to the revenue
recognition crilena being satisfied are re¢ognised as a liability.
2.5 Interest récelvablo
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity. this is normally upon notification of the interest paid or payable by the
inslilution wilh whom the funds are dep05iled.
2.6 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued al the amount prepaid n8t of any trade discounts due.
2.7 Cash at bank and In hand
Cash at bank and in hand indudes cash and short-term highly liquid investrnents wrth a short malurily
of three month5 or less from the date of acquisition or openin9 of the deposit or similar account.
2.8 Liabilities and provlsions
Liabilities are recognised when there is an obligation at the Balan¢e Sheet dale as a result of a past
event, il is probable that a transfer of economic benefit will be required in settlement. and the amount
of Ihe settlement can be estimated reliably.
Liabilities are reeognised al the amount that the Charity anticipates il will pay to settle Ihe debt or the
amount il has received as advanced payments for the goods or services il musl provide.
Provisions are measured at the best estimate of the amounts required to 8ettle the obligation. Where
the effect of (he lime value of money Is material. the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific lo the liability. The
unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
Page 16

THE FEDERATION OF Museums AND ART GALLERIES OF WALES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
A¢¢ountlng pollcl89 Icontlnuèd)
2.9 Flnancial Instr￿len¢S
The Charity only has financtal assets and financial Iiabillties of a kind that qualify as basic financial
instruments. Basic financlal instruments are initially re¢ognised at transaction value and subsequenlty
measured at their settlement value with the excèption of bank loans which are subsequently
measured al amortised cost using the effective interest method.
2.10 Fund accountlng
General funds are unrestricled funds whi¢h are available for use at the diserelion of the Truslees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes,
R•strlct•d funds are funds v4hich are lo be used in accordance with speGific rest￿ctiOnS imposed by
donors or whieh havè been raised by the Charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set OLrt in the notes to the financial stalemenls.
Investment income, gains and losses are allocated to the appropriate fund.
In¢ome from donations and legaclos
Unre$trlctad Restrlcted
funds
funds
2025
2025
Total
funds
2025
rotal
lunds
2024
Donations
Govemmenl grants
Similar incoming ￿sourceS
8,901
8,901
181,321
100
828
190,548
151,321
100
9,001
151.321
160,322
191,376
rotal 2024
828
190, 548
191,376
All Government Grants come from the Welsh Govemment and are allocated to different grant funds to be
distributed by the Federats'on.
Page 17

THE FEDERATION OF MUSEUM8 AND ART GALLERIES OF WALES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Incomo from charltable actlvitle8
Unrestrlct•d R•strlct
fund•
funds
2025
2025
Total
lunds
2025
Tol81
funds
2024
Income Irom charitable aciivlties-
Conferences
480
480
414
Total 2024
414
414
)ve$lm8nt Income
Unfestrlctod
lunds
2025
Total
funds
202S
Total
funds
2024
Investment income- bank interest
1,383
Tolal 2024
1,383
1,383
Analy￿3 of grants
Grants to
Instltutions
2025
Total
nd•
2025
Total
lunds
2024
Grants
148.253
148,263
144,293
Total 2024
144.293
144.293
84 Grants were given lo organi5ations durin9 the year. These were from a variety of restricted lunds and
for Purposes as described in Ihe Truslee report.
Page 18

THE FEDERATION OF MUSEUMS ANO ART GALLERIES OF WALES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Anatysl$ of grants leonllnu•d)
The Charity has rnade the folknwhig mat•ri41 grants to institutions during the year".
2025
Name of In8tltutlon
Plntypridd Museum
National Tru$t- Erddig
RCT Mu5eeum Service (cynon valey)
Ceredigion Museum
Gwynedd Museum SeNlce Storlal Lloyd George
Yr Ysgwym SNPA
Museum of Welsh Crfcket
Tenby Museum
Carmarthen$hire Museum
Monlrfe
Sir Henry Jones
PenmaenmawT Museum
Judges Lodging
Cyfarthla
Conwy CBC
RWF Caemafon
NanlG CVV
Greenfield Valley Museum
Torfaen Museum
Other granls <£2.000
16.468
11745
9,668
9,437
9,086
8,285
7,440
7,213
7,132
7,114
635
6230
$945
6,189
5,018
3,307
2,709
1600
2,194
13,840
148,253
148,253
Page 19

THE FEDERATION OF MVSEUMS AND ART GALLERIES OF WALES
NOTÉS TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Analysls of expendlture on ¢hafltabl• activitl
Summary by tund type
Unre6trS¢tsd Rostrlcted
funds
fund$
2025
202S
Total
2025
Total
2Q24
Direct costs
12,930
196,564
209N94
229, 106
Total 2024
15.378
213,728
229, 106
Analys19 Of oxpgnditure by actlvlllos
A¢tlvltl•¥
undertaken
dlroctly
2025
Grant
fundlng of
•ellvltl•s
2025
Total
funds
2024
lunds
2025
Direct costs
61,241
148.253
209,494
229, 106
Total 2024
84.813
144, 293
229, 106
Page 20

THE FEDEPATION OF MUSEUMS ANO ART GALLERIES OF WALES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analysis of expendlture by actlvltl•s (contlnuèd)
Analy$l8 of dirgcl costs
Total
funds
2025
Total
funds
2024
Actlvltles
2025
Development officer
Conferences
Advocacy
Accountancy
Committee expenses
8ank Charges
Insurance
Publications and printing
Website
Sun(lry
Grant administratson
Undefspent grants returned
6,000
1.694
3,395
2,400
704
6,000
1,694
3,395
2,400
704
6.000
975
3,900
60
597
1.038
1,221
504
1,038
1,221
504
509
43,776
1,043
2.621
1,157
4T,242
21,218
509
43.776
81,241
61,241
84,813
Tolal 2024
84.813
84 813
Indepondont oxamlnor's rfjmuneratlon
The independent examiner's remunewation amounts lo an independent examiner fee of £1.140 (2024
£1, 740J, and accounts preparation of £1,26012024- £1,260).
10.
Trustèès. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024- £NIL).
During the year ended 31 March 2025, expenses totslling £486 were reimbursed or paid directly lo 5
Twslees (2024 £AIILI The eKpenses related to travel and subsistence in carrying out commiltee
aGlivities. Total expenses paid lo 6 Trustees lo attend the Museums Association conference amounled lo
£2,049 {2024. £998}.
Page 21

THE FEDERATION OF MUSEUMS ANO ART GALLERIES OF WALES
NOTEB TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
11. Debtors
2025
2024
Due wlthln one y•ar
Prepayments and accrnJ8d income
799
772
799
772
12. Credltor8.' Amounts falllng due vAthln one year
2025
2024
Accruals and deferred income
2,400
2,400
Page 22

THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 W4RCH 202S
13. Stsl•m•nt of fundg
Statgm•nt of funds - ¢urr•nt yoar
Balanc• at
31 March
2025
Balancè at 1
Aprll 2024
Tran¥fer•
Inlout
Incom• Exp•ndlturn
Unregtrlcted funds
General Funds - all fvnds
34.735
9,481
112,930)
(2
31,284
R•strlct•d funds
Austerity
Conference
European Museum of the Year
Award
CMW
Welsh Museum Festlval
CCF
Wlnter ol Wellbelng
Small Granis
AF Wild E5￿pe8
1975
420
1,000
13,395
{1,140
140
4,872
824
11.168
17,834
19,544
14,872)
824
11,1S2
39,901
{39.917
117,834)
119,544)
42,112
110.000
1162,1121
166
166
57.383
151,321
1196,$64}
12,142
Total of funds
92,118
180,802
(209A941
43,426
Pa9e 23

THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 202S
13. Statement ol funds {continugd
Thè restricted funds includo:
Austenty
aims lo research local authority museum expenditure lo gauge the impact of austerity
measures imposed on local government.
European Museum of Ihe Year Award Fund
aims lo provide funding for members to attend Ihe
European Museum of the Year Award, For the first time in ils history, the EMYA Conference and Awards
Ceremony wll take place in Cardiff.
CCF
aims to enable museums lo comply with standards set out in the Accreditation Scheme for
Museums UK. durir•9 the Covid PandemiG.
Welsh Museum Festival- aims to raise awareness and highlight the positive impacls of We15h Museums
lo visitors, slakeholders and the media and to support member Museums lo offer creatsve opportunities
for visitors
Spotlight- aims to undertake a cornprehensive survey of Wales. museums, and was undertaken in 2006,
2011 and 2015. We need up to date data lo advocate effectively for thè sector.
Small Grants - aims to enable museums to comply with standards set out in the Accreditation Scheme for
Museums in the UK, and to demonstrate best practice within the scheme,
T&C Grants - aims to support member Museums staff and lor volunleers to extemal training andlor
Conferences.
Winter of Vvellbeing inltsative to support Ihe social, emotional and physical well being of a51 children and
young people
Page 24

THE FEDERATION OF MUSEUMS AND ART GALLERIES OF V¥ALES
NOTes TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 202S
13. Stat•menl of funds (¢onllnu•dl
SLit•mont of funds - prlor year
Balance at
31 March
2024
8alance at
l Aprfl 2023
Transfers
Income Expenditure
Unre8trlct•d funds
General Fund8 - all fund8
48. 702
2,211
(15, 378)
1800)
34. 735
Re$lrkted funds
Welsh Museum Fund 2023
Austerity
Conference
European Museum of the Year
Award
CMW
Welsh Museum Festival
CCF
Winter of Wellbeing
Summer of Fun
AF Wild Escapes
42.500
(43,840)
1,340
2,975
2.975
107.51)0
(107.555)
5,480
777
11.763
17.834
19,544
21,218
(242)
(608)
(367)
4.872
824
11.168
17,834
19.544
414
(595)
(21,218)
(40,140)
40,548
166
79,349
190,962
(213, 728)
800
57,383
Total of lund8
128.051
193, 173
(229. 106)
92,118
Page 25

THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
14. Analysls of net assets between funds
Analysis of net assets between fund8 - ¢UTrent year
Unrestrlcted Réstricted
funds
funds
2025
2025
Total
funds
2025
Current assets
Creditors due within one year
33,684
(2,400)
12.142
45,826
(2,400)
Total
31,284
12,142
43,426
Analysls of net assets between funds - prior year
Unrestrict8d
funds
2024
Restricted
funds
2024
Total
funds
2024
Current assets
Creditors due within one year
37.135
(2,400)
57,383
94,518
(2.400)
Total
34, 735
57,383
92,118
15. Rélated party transactions
Due to the nature of the charity, the museums or organisations employing 6 of our trustees
N Thomas, N Blackamore, C Canham, K Murdoch, R Rogers and K Griffin received grants totalling
£41.289 (2024.. ten Trustees £25.504). No Trustees received honorariums.
Page 26