What was consistent across all company sizes was an increased focus of combining technical treasury experience with data/modelling, digital, as well as soft skills. A few of our respondents expressed that they believe that the treasurer of tomorrow will not only need to possess treasury domain expertise, but leadership, risk management, and technology skills to better navigate strategic treasury priorities of tomorrow.

This statistical release presents data on the number of reported treasure finds for 2019 and provisional figures for 2020 within England, Wales and Northern Ireland. A treasure find is when a single or group of items is discovered which contains at least one item that may [footnote 1] meet the legal definition of treasure. Data for 2019 are broken down by county, period, distribution and method of discovery. Figures for 2020 are provisional and are provided by county and region only. It’s becoming more difficult to recruit and retain staff, and this is likely to intensifyin the short to medium term. However, it looks like hybrid working is here to stay,and this could be an important incentive for current and prospective employees. The document above contains a list of minsters and officials who have received privileged early access to this release of Reported Treasure Finds. In line with best practice, the list has been kept to a minimum and those given access for briefing purposes had a maximum of 24 hours. The UK Statistics Authority were donated to museums (47 object cases, 12 coin cases) allowing them to be acquired by museums at no (or reduced) public cost In 2020, reported treasure finds were 1,071 [footnote 6], representing a total of 31,388 artefacts (objects and coins). A ‘treasure find’ can be made of multiple artefacts, hence the total number of artefacts is much higher than the number of reported treasure finds. The total treasure finds were 1,049 for England, 22 for Wales, and 0 for Northern Ireland. 3. Reported finds by Location, 2020 (final) & 2021 (provisional)Respondents considering financing growth via capital markets as ‘Not Important’ mandate increased significantly between 2019 (7%) and 2022 (32%), showing a preference in organization to rely on their bank facilities or to the equity market. Embracing agile working practices will be important to help treasury teams avail themselves of these capabilities. Creating interdisciplinary teams, breaking large projects into smaller sprints, and establishing rapid review-and-release cycles are established ways to speed digitization and adoption—especially in ML use-case development. But while 50% of treasury respondents believe agile ways of working deliver higher-quality outputs and cost savings, less than half say their treasury functions use these methods regularly in their projects. Persistence Will Pay Dividends This figure has been amended from the provisional 2019 figure (1,311) reported in last year’s release as the number of finds had not yet been resolved at the time of publication ↩ Estimates reported for participation in metal detecting are based on data collected in the 2019/20 Taking Part Survey. While conducting the survey, we observed some companies still dealing with impacts from the COVID-19 pandemic whereas other organizations considered the pandemic in the review-mirror and were now focused on new priorities and challenges.

Archeologists and volunteers participating in an archeological excavation or investigation are not eligible for a share in a reward. If the find does not count as treasure or no museum wants it Furthermore, an important aspect under this function is ‘cash flow forecasting’, wherein treasurers try to forecast future cash positions to proactively plan for any liquidity shortfalls or surpluses. Take a fresh look at the liquidity buffer to see whether a different size, composition, funding horizon, or regulatory interpretation could shave costs and allow financial resources to be used more productively. Shifting to a centralized buffer model, as well as moving from static to dynamic buffer management, can enable this optimization on an ongoing basis.Of reported treasure finds 1,060 cases (81%) were object cases [footnote 3] and 243 finds (19%) were coin cases. Updated information: 'Due to the general election on 12 December there will be no publication of Forecasts for the UK Economy in November. The next publication will be on the 18th December covering both short and medium term forecasts'. Disclaimed is a technical term, legally defined as a formal statement saying that you are not legally responsible for something ↩ ↩ 2 The survey explores the end-to-end process of issuing a green bond and solicited treasurer's views on integrated sustainability and the potential to enhance growth and scale of the market. The 2022 AFP® Strategic Role of Treasury Survey, supported by Marsh McLennan, examines the strategic role of treasurers at organizations. This year’s report studies the responsibilities treasury is assuming in both a lead and support role at their organizations. It also includes findings on the critical gaps in skills/competencies for treasury leaders and their teams and how treasury is managing talent during the “great resignation” era.

Although this report covers the year before the COVID-19 pandemic began, I would like to take this opportunity to thank everyone who has worked so hard during that challenging period to keep the treasure process functioning. This includes the local Finds Liaison Officers, Amgueddfa Cymru / National Museum Wales, and the Department of Agriculture, Environment & Rural Affairs and the Ulster Museum in Northern Ireland, who have all continued to work as the gateway to the treasure process. I thank the Treasure Registry at the British Museum, which organised online valuations and meetings for the Treasure Valuation Committee during the age of social distancing - and the members of the Committee themselves, under their Chairman Roger Bland, who have continued to provide their informed and well-considered recommendations in difficult circumstances. In addition to taking a lead in certain areas, treasury increasingly supports other functions. At 82 percent of organizations, treasury supports business/continuity planning, 80 percent support accounting/SEC compliance), while 76 percent of respondents confirm that their organizations’ treasury function is doing the same for Financial Planning & Analysis. Even if the item is found to not be treasure at a later date the discovery is still counted as a treasure find. ↩ In 2020, the provisional number of reported treasure finds was 1,077. This was lower than the final 2019 figure, though still the seventh year in a row, and the seventh time since the Treasure Act of 1996 [footnote 5] replaced the old common law of Treasure Trove in England, Wales and Northern Ireland, when treasure finds exceeded 1,000.Treasure finds are considered resolved when the valuation process has been completed, the interested parties waive their right to a reward, the Crown disclaims interest in the case or a case has been deemed not treasure. ↩ ↩ 2 The provisional figure for reported treasure finds in 2020 is 1,077, lower than the final 2019 figure of 1,303, but still the seventh year in a row when reported treasure finds exceeded 1,000. It is therefore a great pleasure to introduce this year's Annual Report on the Treasure Act, which gives an overview of how the Act operated in England, Wales, and Northern Ireland in 2019. Updated with notice: Due to the Bank Holiday timings, April’s ‘Forecasts for the UK Economy’ will now be published on Thursday 16 April. This is to allow for a sufficient compilation period.

In 2020, by county, the largest number of treasure finds in England, Wales and Northern Ireland was Norfolk with 104 cases (10% of total finds) whilst in 2019, the largest number of treasure finds in England, Wales and Northern Ireland was Hampshire with 104 cases (8% of total finds). 4. Characteristics of reported finds, 2019 Estimates reported for participation in metal detecting are based on data collected in the 2020/21 Participation Survey.The survey covers activity in the 12 months prior to interview.There are different rules for Scotland and different rules for Northern Ireland. Items of cultural or historical interest On 2 November 2023, the Reported Treasure Finds 2020/21 data tables were revised, after an error was identified in one of the data tables. In Table 5, number of treasure cases acquired by or donated to museums for England, Wales and Northern Ireland, 2012 - 2021, the data was incorrectly presented for 2018 and subsequent years. This has been corrected and data included in the rest of the report and accompanying tables is not affected by this change. Enhancing liquidity risk management is considered as the most critical mandate given to treasury departments by the board or the CFO, echoing previous survey trends.