## **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. 

3. 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. 

4. 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. 

5. 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. 

6. 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. 

7. 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). 



8. 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 seminars@teg.org.uk if you would like to contribute any updates to existing sections or sections on new topics, we value all our members’ input. 

9. 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. 

10. 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