THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES
Latest income
£161k
Latest spending
£209k
Registered
2004
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that free/unrestricted reserves were £48,702, which is above the charity's stated policy target of maintaining at least £30,000. The trustees confirmed adequate resources for going concern, and the independent examiner reported no matters requiring attention.
What the accounts disclose
Reserves policy: at least £30,000 (held: £49k)
“Sufficient reserves are maintained to cover predicted expenses for a period of 12 months; the trustees have agreed to maintain at least £30,000 as a reserve.” — page 10
Per its FY2023 accounts as filed with the Charity Commission.
Trustees
- Carly Davies
- Carol Ann Whittaker
- Carrie Canham
- Dr Kenneth Griffin
- Karen Norma Murdoch
- Nigel Martin Blackamore
- Rhian Hall
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £161k | £209k |
| 31/03/2024 | £193k | £229k |
| 31/03/2023 | £285k | £278k |
| 31/03/2022 | £402k | £540k |
| 31/03/2021 | £157k | £412k |
Common questions
Is THE FEDERATION OF MUSEUMS AND ART GALLERIES OF WALES financially healthy?
The accounts state that free/unrestricted reserves were £48,702, which is above the charity's stated policy target of maintaining at least £30,000. The trustees confirmed adequate resources for going concern, and the independent examiner reported no matters requiring attention. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE FOYLE FOUNDATION | 1 | £798k |
| NESTA | 1 | £324k |
| THE MASTER CHARITABLE TRUST | 1 | £314k |
| THE EVAN CORNISH FOUNDATION | 1 | £15k |
| THE SIR JOHN RITBLAT FAMILY FOUNDATION | 1 | £5k |
| THE MCCORQUODALE CHARITABLE TRUST | 1 | £4k |
| THE ARDEOLA CHARITABLE TRUST | 1 | £2k |