2023-03-31-accounts

Trustees Annual Report for 2022-23

1. This report briefly summarises the work of the Executive Committee, made up of TEG’s Trustees, Advisory Board and Secretariat, which has managed TEG’s day-to-day operations since the last Annual General Meeting on 28th April 2022. You, our members, elect us; you can track what we have been doing through the minutes which are posted on TEG’s website; and you can use this part of the meeting to interrogate the Committee on any aspect of that work. We hope that you will grasp this opportunity, to understand better what the Committee has been up to over the last year and ask any questions you might have.

2. In November 2022 Arts Council England (ACE) awarded TEG IPSO status (Investment Principal Support Organisation) and three years of funding at £160,000 per year until 2026. This marked a pivotal moment in TEG’s history. We remain incredibly grateful to everyone who contributed a huge amount of work allowing us to reach this moment. This award recognises the critical role that TEG plays in supporting the UK’s world-leading temporary and touring exhibitions sector.

The IPSO funding will enable TEG to expand and deliver some new strategic objectives including greater advocacy in the field of sustainable exhibition-making and promoting Equality, Diversity and Inclusion initiatives which will ensure our profession is open and accessible to all. Professional development will remain core to what we do, but we will expand our offer of workshops, events and knowledge-sharing initiatives. We will continue to advocate at all levels for the essential role of temporary and touring exhibitions in building and sustaining audiences and driving income for the wider museum and gallery sector and will be carrying out comprehensive research on the vitality, impact and long-term sustainability of touring exhibitions in the post-Covid era. We also aim to raise the profile of the organisation both nationally and internationally and to actively grow TEG’s membership, ensuring the organisation’s long-term sustainability.

Key to achieving all this will be the appointment of TEG’s first Executive Director Reyahn King in April 2023 following a competitive recruitment campaign . Reyahn brings an incredible wealth of senior leadership experience from a range of high-profile Museums and Galleries across the UK.

1. The Committee has met online once since last year’s AGM in April 2022, on 13[th] July 2022, 16th November 2022, 25th January 2023, 19th April 2023 , with a further meeting scheduled on 26[th] July 2023 . Committee meetings are held quarterly online. If finances allow, we hope to hold one Committee meeting in person during 2023-24.

2. Earlier this year we co-opted five new Trustees. Alice Lobb , previously a member of the Advisory Board, took on the new Trustee role of Professional Development Officer. Emma Daker , who previously served as Events Officer, took on the new Trustee role of Equality,

Diversity & Inclusion Officer. Felicity Sylvester was co-opted into the Marketing Officer Trustee role after Karen Lewis stood down. Taking over from Janine Parrish, Ulrike Smalley was co-opted into the Treasurer Trustee role. Finally, Calum MacGillivray was co-opted into the Secretary Trustee role after Natalie Patel stood down. We are delighted that Alice, Emma, Janine and Ulrike are standing for election in today’s ballot. We were also delighted to welcome five post-graduate students from the University of Manchester, who joined us in December 2022 to undertake remote placements. Peilin He and Yiyangdi Zhang supported TEG’s professional development programme, while Edna Santos , Jinghan Yan , and Yiyu Lai worked on the planning and marketing of the April 2023 TEG Connects event. We are hugely grateful to them all for their commitment and hard work, and to Dana Andrew , TEG’s Professional Development Manager, for arranging and supporting their placements.

1. We have four Working Groups : Marketing; Equality, Diversity and Inclusion (EDI); Sustainability and TEG Connects, each made up of Trustee, Advisory Board and Secretariat members. The groups meet every 6-8 weeks and help to drive policies and action for the organisation. Amongst many issues, the Sustainability group will write an Environmental Policy, the first for TEG, and the EDI group is working on developing a Young Trustee role, as part of our commitment to supporting career development in the sector. Our Marketing Working Group has established a social media rota, looking after TEG’s Twitter and LinkedIn accounts, and we encourage you all to follow and interact with our social media accounts. In the past year our Linkedin page has doubled its following to 1257 followers.

2. This year, our annual event, formerly called Marketplace, was renamed TEG Connects , as we look forward to post-pandemic business for ourselves and our members. The result, as always, of much hard work by our TEG Connects Working Group. We would like to thank the Secretariat in particular for putting together this year’s stimulating event, including a programme of talks and networking opportunities. We were very grateful to the Maritime Museum, part of National Museums Liverpool for hosting over 100 delegates and for providing such a wonderful venue for the presentations, discussions, trade stands and sector-specialist surgeries. We are also very grateful to our corporate members, Momart and Constantine, who have once again sponsored this year’s event, and very generously provided extra support to allow for travel bursaries to be awarded to five first-time attendees, all early-career professionals.

3. TEG was delighted to be invited to partner with the Museums + Heritage Awards once again in the category of Temporary or Touring Exhibition of the Year . TEG also took part in this year’s Museums + Heritage Show at Olympia, London on 11 May. Alice Lobb, TEG Professional Development Officer (Trustee) and Dana Andrew TEG Professional Development Manager presented a talk ' Reducing the environmental impact of exhibitions, without compromise ' on how museums can begin to reduce emissions, offering practical actions to make exhibitions more sustainable.

Dana Andrew, Professional Development Manager, and Alanna Davidson, Co-chair, attended the ICOM General Conference, Prague in August 2022. Dana Andrew participated in an ICOM ICEE discussion panel on the sustainability of touring exhibitions along with Lucimara Letelier (Brazil), Beimote Ngozi Etim (Nigeria) and Julie Leclair (Canada).

1. Our Professional Development training programme has continued to be ably managed by Dana Andrew, Professional Development Manager. The IP for TEG’s Partnership Agreement Workshop was licensed to Curious Minds, an organisation which aims to tackle unequal access to creativity and culture for children and young people. TEG will also receive funding as the training partner for the Magnet, the Museums and Galleries Network for Exhibition Touring. Magnet is a group of 12 Museums and Galleries working collaboratively to co-create touring exhibitions and is funded by Arts Council England and the Art Fund. Our Strategic Interpretive Planning for Engaging Exhibitions workshop was delivered in person at the Hunterian Museum, Glasgow. Additionally, eight workshops were delivered online. The Art Fund generously supported the delivery of two Preparing to Borrow workshops to align with the timetable for the Weston Loan Programme with Art Fund. These workshops included content delivered by staff from the Arts Council England Museums and Cultural Property team. We are extremely grateful to the Art Fund for their continuing support.

We plan to update our Manual of Touring Exhibitions later this year and to include new sections relating to procedures following Brexit, and on sustainability. Do please contact Dana via [e-mail] if you would like to contribute any updates to existing sections or sections on new topics, we value all our members’ input.

1. As always, we appreciate the contribution all of you are making to our organisation. Your memberships are vital for TEG’s survival. The bigger and more varied its membership, the stronger and more useful TEG is to its members and we are delighted to welcome many new members this year, including a growing international membership. Overall, we now have around 300 members and it’s wonderful to have such a range of organisations, collections and ways of working represented. We would like to take this opportunity to personally thank the members here today, and by extension your organisations for their continued support.

2. TEG Trustees, Advisory Board and Secretariat have worked incredibly hard this year, and it is thanks to their efforts (and those that had stood down since the last AGM) that TEG is entering a truly exciting phase in its development and growth thanks to the IPSO funding. At this year's AGM we bid farewell to three long standing Trustees; Karen Lewis, Janine Parrish and Natalie Patel and we wish to thank them so much for their valued contributions over the years. As Co-chairs we are privileged to steer the organisation at this exciting time, and we want to convey our gratitude for the commitment everyone has shown. The role of Chair is elected for a term of three years and we have decided to remain as Co-chairs into this second year. Thank you all for joining us this year.

Alanna Davidson and Miranda Stacey, Co-chairs, June 2023

RECISTERED CHARITY f4UMBER: 1191056 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMETriTS FOR THE YEAR ENDED 31 MARCH 21123 FOR TOURING EXHIBITIONS GROUP Flint & Thampson 2 Monor Squw Solihull West Midlands B913PX

TOURING EXHIBITIONS CROiIP coiYrEKfs OF THE FIP4ANCIAL STATEMENrs ror the Ye&r Ended 31 March 2023 P&ge Report of tbe Trustees IDdtpendent Examiber's Report St8tement of Finxnel*l Attivities Balance Sheet Nottj to the FlnADdal Statements 6 to 12 Detailed Statemellt of Financial Aetivtties 13 to 14

TOURING EXHIBITION5 GROUP REPORT OF THE IIiUSTEES for the Yegr Ended 31 Mareh 2023 The thist¢f5 pre5enl their report with the financi&l statements of the charity for the ye&r ended 31 Mar¢h 2023. The trustees have idopted the provisions of A¢couDting and Reporting bj Chariti¢s= Siatetnent of Recommended Practice applicablt to charities preparing tl)eir accounts in accordance with the Finarjrial Reporting Stsndard applicable in the UK and Republic of Ir¢land IFRS 102) (effective l January 2019). OBJ£￿E5 AND AcfJviTIES Oh5Èttlves airns The objectives of the Charity ar¢ to promote art Culture arwj science for the benefit of ihe public by supporting rc5¢aTCh. pmiDoting best practice. delivering training and facilitsting a netsvoTk of providers and rt¢ipi¢nts of touring parfnership exhibition5 in museums. galleries. heritage and other sites atross the Unit¢d Kingdom. Public b¢nefit The trustees are mindful of the Ch8Tity Commission Guidelin¢ on publi¢ ben¢frt. ACHIEVEMENT AND PERFORMANCE Cfraritsble activltAes The Charity hos continued to rais¢ money in oiyler to fund future operational costs. At the cnd of the financi41 p¢riod batsk dcposits amounted to £32.72912022- £30.4201. FIIYANC.IAI. REVIEW Fln*neial posltlon The aiarity generated a sU￿]uS of £2,194 (2022- deficÈt £13,092} for the period under review. T])t Charity maintain$ a very low risk investment poli¢y with the bulk of it5 no￿fixed &ss¢ts being held in th¢ forni of bank deposits. Reserves pollcy It is the policy of the Charity to maintain unrE5tricied funds that ar¢ suffi¢ient fund5 to cover n]nning ¢osts for 8 period of one year. The trnstees have taken this prudent view in respect of Teserves ￿ Touring Exhibitions Group is a membership 30ciety with m¢mb¢rship fees paid on an anrjual b&8iS. The level of reserves is monitored and reviewed by the trustees * their r¢gularmeetift8S. STRUCTURE. GOVERNANCE AND MANAGEMENT Governin% dotumeDt The tharity is ¢ontrolled by its 8overning documcnt. a derd of trust and Co￿￿tIluteS an uninwrpotated charity. The Touring Exhibitions Group is a r¢gist¢r¢d Charity (number 11910561 All assets, liabilities and op¢rations were tran$feTred to the incorporated Charity Ott 28 August 2020. Rvrnitm¢nt •nd •ppointment of new trustees The charity trustees for th¢ purposes of charity law and undcr the c4)rnpany's Articl¢s are known mtmbcr5 of the Managem¢nt Committee. All members of the Mana8cment Committet gtvc their time voluntarity and r￿1Ved no bcnefits from the charity. Any expense5 rcrlaimcd from the charity are Set out in tjote 9 to thc aecounts. Roles are advcrtised along with guidaTKe to apply through th¢ Touring Exhibitions Group's newsletter attd network3. The Exe¢utiv¢ Committee member5 are eleded by thc rncrnbership from its ranks through a ballot at the Annual Gen¢rn] Meeting. Pagel I

TOURIT4G EXHIBITIONS GROUP REPORT OF THE TRusfEES for the Y¢gr Ended 31 March 2023 STRUCTURE, COVERNA]YCE AIYD MANAGEMENT Orythnis4tional Jtru¢thr¢ TouTing Exhibitions Group has a Monagemeni Committe¢ of up to eighteen rTJcmbers who meet quarterly are responsible for the 5trat¢gic dir¢¢tion and polycy of the charity. At present the Committee h4s sixteen rn¢mber$ from a varicty of professional background5 relevant to the Work of the charity. The Manag￿￿ent Cortmiittee consists of ￿Ven thJstee5 {th¢ Executive BoaTdl, supported by lline non-tru5tees (the Advisory l)oard). Induetion and traininz of trnstees AII trustees ar¢ already familiar with the praetica] work of the charity havin8 been members of the m￿age[nent Inmitt¢¢ Adiisory Board bEfore appointment as Irumees. All new mem￿r$ of the Management Cominittee are issud an inthiction manual to introduce them to the roles of tbe committee and the WO￿ ofthe organisation. REFERENCE AND ADMINISTRATtVE DETAILS Registered Charity number 1191056 Principal 4ddres5 Unit A 82 James Cart¢r Road Mildenhall Suffolk IP28 7DE Tn￿#¢¢5 A Davidson {appoint¢d 28 April 2022) M Stsc¢y {appointEd 28 April 2022) K Morton E Saggers N Pat¢1 Iresign¢d 30 June 20231 E Daker K Lewis IresiÈn¢d 30 Jutte 2023) N CA)leby Ire5igncd 12 July 2023) J Parrish (resigned 30 June 20231 F Sylvester (appointed 12 July 2023) C MacGillivTF4y (8ppointed 12 July 2023) A Lobb (appointed 12 Jufy 2023) U Smalley (appointr￿ 12 July 2023) l￿dEpendent Examiner Peter Georgi&des BA FCA Flint & I'hornpso 2 Manor Squar¢ Solihtsll Wesf Midlands B913PX Banken National Westminster Bank Pl¢ 33 Lord Street Wrexham LLI I ILP Approved by order of the knard of twstees on A Davidson Co.chaio)¢rson c￿hairp¢Tsoll Page12

INDEPENDENT EXAMIIYER'S REPORT TO THE TRUSTEES OF TOURING EXMIBlTIO]YS GROUP IDdependent exgminer's report to tht tr115ttts of Tourlng Exhibitions Group I report to the charity trustvs on my ¢xamination of the ac￿llnts of Touring Exhibitions Group {the Twst) for the year ended 31 March 2023. RespoD5ibilitie5 and basi5 o(report As die charity b￿stee$ of the Tru51 you are >rsponsibl¢ for thc preparalion of the accounts in a￿Ordance with the requirements of the Charities Act 2011 llhe ACVI. I retKTrrt in respett of my txamination of the Tru5t5 accounts ¢aryi¢d our under Section 145 of the Act and in Ca￿]ng out my examination I hale followed all applicable Directions given by the Charity Co]nmi5sion UTMler Section 145151(b) of th¢ A¢1. IndepeThdent uaminer's stateme￿( I have completed my examination. I confimi that no material matters have ts)me to Tlly attention in connection with the examination giving me cause to b¢lievt that in any material re$pe¢t'. accounting Ttcords were nirt kept in respect of the Trnst as required by Section 130 of the Act: or the account5 do not accord those records; or th¢ accounts do not ￿mplY with the applicable rcquircrnents concerning the fom and content of accounts set out in the Charities (Accounts omd Reports) Regulations 2008 other than an> wquiremeTLt that the ￿counts give a knie And f&ir view which is not a matter considered as part of an indrptndent examination. I have no con¢ems 2nd have come across np oth¢rrnotters in connection with thr examination to which attention should be thi5 report in order to en8ble a proper utknjerstanding of the accounts to be reach¢d. Peter es BA FCA Thompson anor Square Solihull West.%lidland3 B913PX Date.. .i..IE.ofj.S.£.L ?.o2J Page13

TOURING EXHIBITIONS CROUP STATEMENT OF FINANCIAL AcfIviTIES for the Year Ended 31 M&r¢h 2023 2023 2022 Tot&J funds Unrestrid¢d nd Restrithd funds funds Notss INCOME AND ENIX)WMENTS FROM Donatithjs and legacies 39,524 39.524 28,602 Investment income 138 138 Total 39.662 39.662 28.606 EXPENDITURE ON Raising fvnds 24,498 24,498 20.774 aritsble activities 10,504 10,504 19.058 Gov¢Tnance cost5 Total NET INCOMEI(EXPEIYDITUREI 2,194 2,194 113.092) RECONCILIATION OF FUNDS Total funds brought forward 29.270 29,270 42.362 TOTAL FUNDS CARRIED FORWARD 31.464 31.464 29,270 Page14

TOURING EXHIBITIONS GROUP BALANCE SHEET 31 ￿lIrth 2023 2023 Total nds 2022 Tottl funds Unresthet¢d fund Kestricted funds Notrs CURRENT ASSETS Cash at bank 32,729 32.729 30.420 CREDITORS Amounts falling due within one ye4r (1.265) (1.265) 11.150) NET CURRENT ASSETS 29.270 TOI'AL ASSETS LFSS CURRENT LIABILITIES 31.464 31,464 29.270 NET A&8ETS FUNDS Untestrscted fiJnd5 31,464 29,270 TOTAL FUNDS 31,464 29,270 The financisl 5tatcm¢nts were approved by th¢ Board of Trustee5 a[￿ authorised for issu¢ on ..IP.É.(è..rl.1S.tl....l¢pl3. and wer¢ 51Bncd on its behalf by.. A Davidson Ctr¢hairp¢rson M Str¢¢y Corfhairperson P#ge15

TOURING EXHIBITIONS CROUP P4(YfKS TO THE FINANCIAL STATEMET4TS for the Year Ended 3] Mxrch 2023 ACCOIINTING POLICIES Basis preparing tb¢ fi￿9￿¢181 Statements Thc flnancial statements of the Charity, which is a publi¢ benefrt ¢rttiry under FRS 102. have beo) prepared i accordance with the Charities SORP {FRS 102) 'AC￿ll￿ti1]g 0￿1 Reporting by Chwities: Statemcnt of R¢¢omm¢nded Practice applicable to charities preparing their account5 in 8ccordance with the linancia] R￿OrtIng st￿daTd applicable in the UK and Republic of Ireland (FRS 1021 (effective l January 2019),, Financial Reporting Standard 102 Thc Financial Reporting Stand&rd applicabl¢ in the UK and Republic of IT¢land' and ilie Charitie5 Act 2011. The financial statemcnts have been prcpared under the historical cost onvention. Touring Exhibitions Group is a Charity incotyor4ted in Ettgtartd & Wale5 Th¢ notur¢ of the Gharity'5 operations and principal activitie5 are eoncern¢d with the promotion of culture. The financial statements are prepared on a going concern basis under the histrJTiral cost convention. modified to include c¢rtain iteins at fair value. The fJn8ncl￿ staternents are presented in sterling which is the funGtional currency of the charity aknd rounded to the nearest £1. Thc significant accounting policies applied in the preparation of these financial st*em¢n15 are set out below. These policies h￿t been coThsist¢ntly appli¢d to all years presented unless oth¢rwise stated. Income All incoming resources are included in the Statemeilt of FinthJ¢ial Activitie5 (SOFA) when the chaTity 15 lega115 entitled to the tnconie after any perforniancc condition& have been met, the arnount Can be measured reliably and it is pmbable that the income wll be received. For donations to bc rceognised the chwity will b&ve been notified of th¢ ￿￿OI1nts and the Settlement date in writing. Ir there are conditions attached to the donation and this requi￿5 a level of perforn]ance before eniitFem¢nt ¢•n be obtained th¢n inGorne is deferred unlÈl those ¢ondiiions are fulty met orthe fuifilmtht of tho conditions is within the control of the eharity and it is probable that they will be fulfilled. DonAted facilitit5 and donated professional S¢TVi¢eS att recogniscd in income at their fatr value when their economic b¢nefit is probable. it can be Jneasur&l reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift ts the charity. For cxample, the amount the charity wowld be willing to pay in th¢ open mark¢t for such facilitie5 8nd seryices. A corresponding 8mouTrt is re￿￿]iS¢d in expenditure. No amount is included in the fitlancial statements for volunteer time iti linc with the SORP IFRS 102) Mlhere prdctieable. gifts in kind donated for distribution to the b¢n¢fi¢iari¢s of the ¢harity are included in stock and donations in the finan¢ial statements upon receipt. If it is impraclitable to a55e5s the fair valu¢ at r￿cipt or if ihc costs to ut)dertAke such a valuation outweigh any ben¢fit5. then The fair value 15 recognised as a cornponrnt of donations when it is distributed And an equivalent wnourn recognised os charitable expenditure. Glfts in kind donated for re￿Ie ar¢ it)¢lud¢d at fair value, being the expected pro¢e¢ds from sale le$$ the expected cost$ of sale. Where cstsmating the fair value is practicable upon i¢ceiw it is rttogniscd in Stock athd 'Income from other trading a¢tivities. Uport sale. the valuc of the stock is chaTgcd against 'Ineome from other trading adiYiti¢s' and the pro¢eed5 arc recO￿lSed as 'In￿rne from other tr￿1Thg activities. whe￿ it is impracticable to fair value the ilcms due to the volum¢ of low value item5 they are not recognistd in the financia] statem¢nts until ihey are sold. This income is recogni5ed within Yncome from oth¢r trading activities. Fixed osset gifts in kind are T¢CQ8nised when reccivable and are included ￿ fair value. Th¢y arc not dtferred over the life of the asset. For legacies, cntitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. Ai this ph)int iiiconie is reeogtti5cd. On occasion legatjC5 will be notified to th¢ ¢harity however it is not possibl¢ to measure the amount expected to be distributed. On these OCC￿10n5. thc legAcy is treatd as Lontingtht 053Ct and disclosed. Page16

TOURING EXHIBIT1014S GROUP NOTES TO THE FINANCIAL STATEMEhTS- continued for the Year Ended 31 March 2023 ACCOUNfi]YG POLICIES- roTrtinued Income InGoinE from trading activitie5 includes iDwm¢ earned fmm fundraising events and t￿Ing adivities to raise fund$ for the charity- Income is received itt exchavgE for supplying goods and wNic¢s in onler to raise funds and 15 recognised when entitlement has occurred. Invcstment ITr￿¢ 15 ¢arned througii holdin8 ass¢ts for inv¢stmeni purpose$ such as 51iares and propety. It includes dividends. interell aTLd rent. Where it j5 not practicable to identify inve51ment mana8¢ment wsts inrurrcd within a Scheme wtth rea4onabl¢ ￿¢{TracY the investhient income 15 reported net of ihesc w5ts_ It is included when the amount ¢an b¢ measured reliably. Int¢re5t incoine is recognised using the effeciive interest rnethod and dividend and rent intome is recognised #s the charity'y right to w¢ive paym¢nt 15 e5tsblished. Other incomE includrs the conversion of endowment funds into income which ari5C5 when capitsl fvnds are released to an inconie fund from expendable endDwments or when a tharity has authoTity to adopt a total rewrn approach to its pcmanent endowment fund. 11 also includes other income sw¢h as gains on dis]y)sals or langible fixed assets. Expenditure All ¢xp¢nditure is a¢¢ounted for on arj acrrua15 basi5 and has been ¢lassifi¢d under headings that a88re8atE all costs relatd to the ¢ategory. Expenditure 1$ rew8ni3ed wher¢ th¢r¢ is a legal or Co￿1n]ctive oblsgation to make payments to third partie5. it l5 probable that the settlement will br required and the amount of tlie obligation can bc rneasur￿ reliably. It is categorised under ihe following headings: - Cost5 of raising funds includes Co-ordinator and memFKrship mana8cmcnt f¢¢s: Expenditure on charitabl¢ a¢tiviti¢s includes pmftssiona] devcloprnent costs Other expenditure represents th05¢ itern5 not falling into th¢ Categories above. Irrccovfrdble VA T 15 charged an expeng agaiDSt the activity for which expendilurc smse. Grants payablc to third p8rties are within the charitable objectiyes. Wh¢r¢ unconditional grant5 arc offered, this T5 accrued as soon as the T¢cipient 15 noiified of the grant. a5 thi5 give5 rise to & ￿•S￿nable rxpectatiorj that the rccipiciit will rcccivc the gratlts. Wherc grants are conditional relating to p¢rfomance theft the grant is onty accrued when any unfulfilled conditions are outside ofthc eontrDI of the ¢harity. Support Costs a]location Support Costs are those that assist the work of the charity but do not dircctly represent charitablc activitie5 and IDclud¢ offJc¢ cost5, 8ov¢rnan¢e costs, ond administrative payroll eosts. They ar¢ incurred directly in support of expenditure on the objects of the charity and include proj¢ct n)anagem¢nt ¢arried out at Headquarters. Where suppon costs cannot b¢ directly attributed to particular heading5 thcy hF4Vt bEen allocated to ¢051 of raising fund5 and rxpcndilure on charitable activitie5 on a basis consistenrwith use of the rc50urces. Fund-raising costs are those incurred in seeking voluntary contributions and raising gr￿1 ￿nding public trust$ and fundeT3 and do not include the ¢osts of disseminatin8 Inforn￿tiOll in siipport of ihe eharitabl¢ activities. Taxation Thr charity is exempt from tsx ort its eharitabk a¢tivities. Fund Acfounting un￿Strid¢d fvnds ar¢ available for u$¢ at the discretion of the trustee$ in furtheran¢e of the generdl objectives of the charty and whi¢h have been desi￿ated forother pur[￿Ses. De$ignattd fund5 wmprise unrestricted funds that liave been set aside by the trustees for particular purposes. The aim and use of each design&ted fund 15 set oul in th¢ note5 to thc financial Statements. Page17

TOIJRING EXHIBITIOIYS GROUP NOTES TO THE FINAF4CIAL STATEMENTS- fontinued for the Year EMded 31 March 2023 ACCOUNTif4C POLICIES- continued Fll￿d AccountiDE Restri¢ted funds are fw)ds which ar¢ to be used in a¢eord8nce with specific restrictions irnp05ed by donors or whi¢h hav¢ be¢n raised by the charity for particular purpos¢5. The cost of raising and administering such ffijnds are charged against die Specific fund. The aim and use of ¢a¢h r¢stri¢ted fund is set out in the notc5 to the finarbcia] statements. Going concern The financial ststemrnt5 huve bc¢n prepar￿ on a goin8 concern basis as th¢ trus¢e¢5 b¢li¢ve that no n)aterial uncertainties exist. The ￿lstee& have considered the level of fund5 held 8nd the expected level of inwlne and eXpEndYtU￿ for 12 month5 from authorising these financial ststements. Th¢ budgeted income and expenditure 15 sufficient with th¢ level of Tes¢rve$ forthe ¢harity to be able to continue a5 a going concern. INvEsfMEP4T INCOME 2023 2022 Interest receivable- trading 138 TRUSTEES, REMUYI ERATION AND BENEFrrs There were no trustees, remuneration or other benefits for the year ended 31 Morch 2023 nor foT the y¢ar endcd 31 March 2022. Trustees, expenses Th¢r¢ wer¢ no 31 March 2022. t￿Slee5, ¢xp¢nses paid for the year ended 31 MOT¢I)2023 nor for the year ended COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restrieted funds Tota] funds INCOME AND ENI)OWMENfs FROM Donations and legacies 28.602 28.602 Inv¢5¢m¢nt in¢ome Total EXPEYDrruRE O Raising funds 20,774 20.774 Charitable activities 14,797 4.261 19,058 TotAI NET INCOMEI(EXPENDXTURE) {8,8311 14261 113,0921 RECONCILIAT10Tr4 OF FUNDS Totsl fi]nds brought fonyard 38.101 4,261 42,362 Page18

TOURING EXHIBITIONS GROUP NOTES TO THE FJNANCIAL STATEMEIYTS- eomtinued for the Year Ended 31 Mareh 2023 COMPAIL4TIVES FOR TIIE STATEMENT OF FINANCIAL ACTIVITIES- totttinued Unrestricted Restricted fund funds Total funds TOTAL FUNDS CA]iIUED FORWARD CREDJTORS: AMOUIYTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other cRditors MOITMEI%T IN FUNDS Net rnovemeDt in funds At 31.3.23 At 1.4.22 UDre5trifted fund¥ General fijnd 29,270 2,194 31,464 TOTAL FUNDS 29,270 31.464 Net movement in fvnds, included in the abovc are follow5-. Jncoming T¢S0U￿¢S ReSou￿t3 expended Movem¢nt in fuTJd5 Unrestricteil funds General fund 39.662 137,4681 2,194 TOTAL FUNDS 37 468) Page19

TOURING EXHIBITIONS GROUP NOTES TO THE FINAfiCIAL STATEMENTS- continued for the Year Ended 31 Marth 2013 MOVEMEhT IIY FUNDS- eontinutd co￿paratiVeS for movement in fundB Net movcrnent in funds At 31.3.22 At 1.4.21 Unrestricted funds General fund 38,101 (8.8311 29,270 Ke5trieted fund5 Con5tsntine 1.000 2266 (I,ooo} 12.2661 Art Fund Tes5 Professional deielopmcnt 995 TOTAL FUNDS IJ 0921 29,270 Comparative n¢t rnovern¢nt in funds, included in the above are as follow8.. IncoTnin8 resources ReS0￿r¢eS expended Movernetjt in funds Unrestricted fullth General fi]nd 28.606 {37,437) 18.831) Rest￿tted Constsntine {1,0{￿> (2.266} (1.000) {2.266) Art Fund Tess professional d¢velopment 61 TOTAL FUNDS 41698) 13 0921 Pager 10

TOURING EXHIBlTIOTrIS GROUP OTES TO THE FINANCIAL STATEMENIS- tDD15nued for the Year Ended 31 March 2023 MOVEMENT IN FIINDS- continwtd A cutTent year 12 months and prior year 12 months combined position 1$ as follow5.. Net mov¢mertt in fund5 At 31.323 At 1.4.21 Unrtltrleted fund Gener81 fund 38,101 {6,6371 31.464 Restricted funds Constantine 1,000 2.266 (1,01￿) 12.2661 ArtFund Tessprofessional development 995 4261 TOTAL FUNDS (10.8981 31.464 A current ye&r 12 month5 and prior y¢ar 12 months combined nw+*ment in fimds. included in the abovc are a5 follows.. Inwrning resDurces ResouTre5 expended Movernent fiinds UAregtrleted fund$ Gewjerd fund 68,268 {74,905) {6,637) Restricted funds Constsntine {i.0001 12.2661 (1.000) {2.266) Art Fund Tess profession￿ development TOTAL FUNDS 79 166) {10,898) P8gel 11

TOURING EXHIBITtor4S GROUP NOTES TO THE FINAf4CJAL STATEMEh'TS- CODtinued for the Year Ended 31 M&rch 2023 RELATED PARTY DISCLOSURES The￿ were no rel￿ed party tronsactions for the year ended 31 M?￿h 2023 nor for ih¢ year ended 31 Nfarch 2022. Pagel 12

TOURING EXHIBITIONS GROUP DETAILED sfATEMENf OF FINANCIAL ACTIVITIES for the YeBr Ended 31 Mgrch 21J23 2023 2022 INCOME AND ENDOWMENTS Donations And legacies Membership 5ubscriplions Ordinary Mcmbership Subscriptions Corporate Membership subs¢ripiions- Ordinary new M¢mb¢rship Subs¢riptions- Corporate new MEirJb¢rship sub5cription5 Volunleer Membership subscriptions voluntccr n¢w Edueation membetS Donat¢d services and fa¢iliti¢s Professional development Donatw)ns Art fund Bespoke training Sponsorship marketplace 12.973 2.715 3,978 1.27i 720 540 105 4,854 3,861 14.091 2,560 2,496 480 540 539 134 2,637 4.945 180 3,207 1.908 39,524 28.602 Investment Ineome Interest receivable- trading 138 Totsl iDCOD)kng rewureeA 39,662 28.606 EXPE]YDITURE Raising donations legaties Insurgjice c[￿Ord]Mat0r fe¢s Membership manager Profcssion81 developmcnl mana8er fees Website manager 423 6.300 6.300 8.800 404 6.300 5250 5,520 24,498 20,714 ChAritable Activitie5 Cornrnittee and AGM Costs Professional d¢v¢lopm¢nt workshops Be5pok¢ training Art fimd online grani Website rn4int¢nance w¢￿SIte hosting Other website costs Marketing promotion Marketiftg design Membership design E.n¢wsl¢tter layout and postings E-newsletter graphic5 Markeiplace equipment Carried forward 337 750 220 6,197 3.460 206 5,485 204 149 148 1.800 126 2,345 17.427 2,500 329 19 42 492 1.350 168 4.900 Page | 13

TOURING EXHIBlnO]YS GROUP DrfAJLED STATEMENT OF FINANCIAL ACTIVrnES for the Year Ended 31 March 2023 2023 2022 Chgritsbk artivities Brought fonvard Marketplare speaker ro5ts Mark¢tplace venue hire Marketplace other costs Consultan¢y f¢¢$ Workshops Evaluation Marketplacc catering Research project manager Rcsearch secretary support day 4,9)0 17,427 193 232 26 1,180 25 218 1.000 3,000 724 10,504 19,058 Support costs Govern*nte iosts Postage and stationery Sundrics A¢￿intanCY ond legal f¢¢s 104 552 1.210 1.158 Tot&1 resouree5 expended 41.698 Net In¢omel(tXPÈDdithre) 13 092) This page does not fom part of the statutory fin8ncial statements Page | 14