2023-12-31-accounts

The Vlctorlan Soclety Annual Report and Financial Statements Company Registration No 3940996 Annual Report and Financial Statements Year Ended 31 December 2023 THE VICTORIAN SOCIETY 'tho' ('h411l1PlI)n l()r ViLturiclll diid F.(1￿.￿l￿dldlI clfLhitl'LI IirL'

The Virtorlan Soclety Annual Report and Financial Statements Company Registration No 3940996 Contents PEOPLE CHAIR'S INTRODUCTION ANNUAL REVIEW THE PROBLEM AND HOW WE TACKLE IT WHAT HAVE WE DONE IN 20237 CONSERVATION INVOLVEMENT 12 EDUCATION 14 REPORT OF THE TRUSTEES / DIRECTORS 14 STRUCTURE, GOVERNANCE AND MANAGEMENT 15 FINANCIAL REVIEW 18 TRUSTEES, RESPONS181LITIES IN RELATION TO THE FINANCIAL STATEMENTS 18 AUDITORS 19 STATEMENT OF FINANCIAL AcfiviTIES 20 BALANCE SHEET 21 CASH FLOW STATEMENT 22 NOTESTO THE FINANCIAL STATEMENTS 33 INDEPENDENT AUDITORS, REPORT THE VICTORIAN SOCIETY 1 Priory Gardens London W4 1 T81ophon• 020 8994 1019 Email [e-mail] Web viclorian50ciety.org.uk Rggistorad Charity No 1081435 Company Registration No 3940996 Page I

The Victorian 5oclety Annual Report and Financial Statements Company Registration No 3940996 People Patron HRH The Duke of G￿￿￿Ster KG, GCVO President Griff Rhys Jones Vlee Presldents Sir David Cannadine The Lord Howarth of Newport CBE Sir Simon Jenkins TRUSTEES AND DIRECTORS OF THE COMPANY Professor Hilary Grainger OBE, Ch8lr Steve Roman, Membership Kale Davey, Non*xeculive and, from 7 Octobgr 2023, Vic8 ClJ8ir Alan Davies. Non-ex8CUtIV8 Henry Salnty, Leg81 Professor N8il Jackson, Non-8xeculive 8en Sims, Non-executive Dr David Low, Non-executive Tiffany Snowden, Non-¢xe¢ulive (from 6 OGlober 2023) Ken Moth, C8sework and Vicg Gh8ir flo 6 October 2923J Kil Wedd, Nonoxe¢ullve Lynn Pearcy, Finance REGIONAL GROUP CHAIRS Sim7ingham & West Midlands.. Stephen Hartland Leicesler.. Peter Ellis l Neil Crulehley (Joint Acting Chairsj Live￿001.. Tony Murphy Manchestgr.. Steve Roman, Acting Chalr (from May 2023J Wales.. Elalne Davey South Yorkshire.. Nigel Slack West Yorkshire.. June Diamond EVENTS COMMITTEE ILONDONI PrDfessor Neil Jackson, Chair Julie Ashdown OBE Joanna Banham Sheila Binns (lo M&y 2Q23) Dr Steven Brindle Kale Davey (to January 2023) Maya Donglan MBE Michael Hall June Lawr8nce Sophie Sainly Paul Wai18 REGIONAL EVENT5 cOMMI￿EE Professor Neil Jackson, Chair Julie Ashdown 08E Lucia Conlrino, South Yorkshire Elalne Davey, Wales Kale Davey (lo January 2023) June Diamond, Wesl Yorkshire Peter Ellis, Leicester Julia Faulkner, Manchester (from April 2023) Nina Hatch, Birmingham & Wesl Midlands Roger Hull. Liverpool Stefan Jarkowski fApril to Sep18mb8r 2023J Fiona Moate. Manchester (to April 2Q23) Tony Murphy. Lrverpool Michael Pearson Hllary Poole. Manchester (to April 2023) steve Roman (Irom Dec8mb&r 2023) Nigel Slack, South Yorkshire Maria Toolan, Liverpool ffrom December 2023) Page 2

The Vlctorlan Soclety Annual Report and Financial Statements Company Registration No 3940996 NORTHERN BUILDINGS COMMIThEE Ken Moth, Ch8lr (to 6 October 20231 Alan Davies, Chair (from Z October 2023) Neil Dartinglon Christine Davis June Diamond Janel Douglas Andy Foster Emily Green8way (frorn January 2Q23J Kate Martyn Becky Mills John Prichard Dominic Roberts Kathryn Sather Nigel Slack (from J8nuary 2023) Mark Walson SOUTHERN BUILDINGS COMMITTEE John Scoll, Chair Tom Ashley Dr Timothy Brittain-callin Dr Edward Dieslelkamp Dr 8renl Elliott Alec Forshaw Maggl8 Goodall Elain HaNood (deceesed 20 Aprtl 2023J Michael Hill P8t8r Howell Charles Lawrence Edward Lews David McDonald Benedict O'Looney Hannah Parham Heloi8e Palin Mark Price Dr Aileen Reid Professor Andr8w Saint Teresa Sladen BIRMINGHAM & WEST MIDLANDS CASEWORK COMMITTEE Joe Holyoak, Chair Angu8 Kaye Rob Allan Eva Llng Tim Bridges David Low Davld Coop8r Glllian Roberts Andy Foster Barbara Shackl8y Stephen Haruand Matlhewvaughan Lewis Hobbs (from Janu8ry 2023) Mary Worsfold Jasna Jaksic STAFF Dlrnctor of the Society Joe O'Donnell (to 7 F•bru&ry 2024) Conserwatlon Advlsers James Hughes Tim Bridges Connor McNeill Guy NewLon Communlcatlons & Medla Manager Marie Clements Admlnlstrator Richard Seedhouse Events C04>rdina¢or Ruth Miller BANKERS Unity Trust Bank plc. Nine Brindl&yplace, Bim7ingham B1 2H8 AUDITORS Begbies, 9 Bonhill Street, London EC2A 4DJ Page 3

The Victorian Society Annual Report and Financial Statement5 Company Registration No 3940996 Chair's Introduction Thi5 report covers the period from January lo December 2023. This was a very successful year for the Society across all ils aclivilies. We were very active in the public domain. t)olh in terms of Liverpool Street Slalion, one of the most important and high-profile Victorian Society cases in recent decades, and in lobbying Westminster over the permitted development rights issue. The Victorian Society now chairs the co81ilion of heritage bodies, the Liverpool Street Slalion Campaign ILISSCAI and our President, Griff Rhy3 Jones, provides invalLJable support a5 Ils Piesidenl. The Society has raised an impressive £31,000 in support of the campaign and a further £9,000 from a members, appeal. The response indicates the widespread sense of Dutrage at the destructive plans proposed by NebNork Rail in 2022. Work on this case conlinLJes and Is likely lo require significant funding. Our Director, Joe O'DDnnell, wa5 instrumental in Securing a m8eling with Lord Parkinson of Whitley Bay, Ihe Under Secretary of Slate for the Department lor Culture, Media and Sport. Together with James Hughes, Connor McNeill and Guy Newton, Joe highlighted the irnportance of the work of the Society and r8is8d the iSSLJe of the substantial cul lo our granl in both cash and re<il terms over the past decade. As reported in July. Lord Parkinson agreed lo speak to Historic England about the funding arrangernenls in place for the Soclely, especially the fact that funding is only agreed annually. The rneeting also provided the opportunity for the Society lo lobby hard lo remove permitted developmont rights for the demolition of pre-1948 buildings, which resulted in the current Government consullalion on the maller. The Soclely wishes lo record ils thanks lo Baroness Andrews. Lord Carringlon, Lord Shipley 8nd all parties across the herilage sector who are 5UPPOrting this hugely significant and positive change. Our thanks also lo Joe O'Donnell foi his commilrnent lo this cause which, if successful, will as the Society argued address the UK'S nel zero budget by reducing dèmolition and encouraging the reuse and retrofll of 8xisling buildings, strcnglh8n local democracy by ensuring that local communities have a s8y over Ihe future of buildlngs In their areas and address the housing crisis by preventing the easy demolition of homes. It would also stop the loss of non-designaled heritage assets such as The Crooked Housa in Dudley, Wesl Midlands which has been the subject of such widespread media attention. 2023 was 8n 8xceplionally busy year in term¥ of important church casewoTk. The case of St Peter and Sl Paul, Kn8plon in the NoTwich diocese was a relallvely minor case bul the outcome was notable as being one of the few occasions when the Victorian Society has achieved oulrighl. as opposed lo partial, success at consistory court. The Cathedral al 8ury St Edmunds was another Important case, Havlng been 5ucces5ful In opposing the first application for sweeping pew removal. a second application was perTnitted by the CFCE, meaning that despite the Society's objections another major Scoll restoration and olle of the very few English cathedrals with pews is now lo be cleareé. Another case of great concem was St Martin. Brighton where the PCC is Pursuing the closure of this extraordinary church lo make w4y for a scheme lo convert il into a climbing contre. The Society became party opponent not onty at Knapton, but also at st Leonard, Oakley, a long-Tunning case in the Winchester diocese. A number of church cases arising during the year, highlighted concem with the misuse of the Archdeacon's li￿nce within the Church of England, the case of Twerton, on the outskirts of Bath, being pgrh8PS the besl example. Building on the success of the Gas Lamps campaign in Westminster reported on last year, in which the Society intervened to sUPPOrt the Londoner Gaskeleers, another four g8s lamps were listed by Heritage England and DCMS. Nickie Aiken, MP for the Cities of London and Westminster, welcomed the decision and continues lo support the campaign. Page 4

The Victorian 5oclety Annual Report and Financial Statements Companv Registratio No 3940996 Once again, the Society is greatty indebted to our P￿Sident Griff Rhys-Jones who lent invaluable support for our 10 Endangered Buildings initiative and is working extremely hard with LISSCA. He continued lo work lirelessly throughout the year in promoting and 5UPPOrting our activities and raising the Society's profile in the media. Two important developments began in 2023, namely the creation of our new website and rebrand project. Our 2022 Annual Appeal raised £7,800 in support of this work and we are extremely grateful to members for their generosity. The Society is confident that the changes will provide Improved access and allraGt new members. Events during the year included the Autumn and Winter talks series on Victorian Railways and Pevsner as well as a range of activities across the Regional Group5. The AGM weekend was held in Bath in October and provided an opportunity lo explore the Victorian and Edwardian building5 of the city. Our thanks lo Trustee, Professor Neil Jack50n, author of Nineleenlh Century 8alh.. Architects & Archilecture, for organising the programme. One of the highlights of this most enjoyable and instructive weekend was the visit lo Sl Pelerfs Church, Hornblotton where the former vicarage seen in the distance had been the sublecl ol an application for deslruclive works. The Society was successful in gelling the bullding listed and played a pivolal role in overturning the application. A conlrasling case was another former vicarage al Apuldram, Sussex by Temple Moore which was proposed for complete demolition. Unfortunately, here the listing was turned down and the council recenlty granted permission fDr the demolition of the building. The Socialy released various publicatlons including French Architecture and the En91ish 1830-Y914'. the latest 155ue of the Society'5 Journal, Studies in Victorian Architecture and Design, this Tesulled from conference held in October 2021, shortly after lockdown ended. A further volume in the Society's monograph series was published.. Tim Briltain Callin'5 Monograph on Edwin Rickards, launched al the Art Workers, Guild in November. These publlcations are a resounding endorsement of the Sociely's commitment to our Victorian and Edwardian heritage. The various commille8s continued to support the Sociells work and, on a regional level, the Society continued lo bonofit from the hard work of individuals who comrnilled lime and energy lo maSnlaining the activities of the groups. Our particular thanks go lo Trustee Steve Roman who worked hard throughout the year lo support a number of Regional Groups. We were all shocked and saddened by the sudden death of th8 incomparable Elain Harwood in April 2023. Widely admired for her expertise and her enthusiasm and commitment to $0 many areas of architectur81 history, Elain was a valued member of the Southern Buildings Committee for many years. She was a huge supporter of the Society and is greatly missed. An obituary by Steven Brindle appeared in The Victorian in November 2023. In Febru8ry 2024, after almost four years with the Victorian Society, Joe O'Donnell moved on from his role as Director lo focus on proiècl managing the restoration of his new home. We would like lo Ihank Joe for his hard work and commitment lo the Society and we wish him the very best in his luture endeavours. There were no other staffing changes during the year. The Trustee5 were delighted to welcome Tiffany Snowden lo the Board.. Tiffany is Director of an Historical Environment Consutlancy in Harrogale and brings wlh her extensive experience in the heritage sector. As you wll see frorn the Report, our financial position remains a continuing challenge. This year the Society was fortunate lo benefit once more from several legacies. but this leaves no room for complacency in terms of our long-lerm financial position. The Society's Strategic Plan and Annual Operating Plan wll continue lo be reviewed regulady lo ensure that responses to our financial position are both agile and effective. Financgs are reviewed al each tryjslees, meeting. al which we continue lo monitor our expenditure carefully. Once again, on behalf of the Iruslees, I would like lo thank members not only for their generosity in response to the Annual Appeal. but also for their loyalty and continued commitment, all of which contributed lo a very SUCGessful year. Professor Hilary Grainger OBE Chair Page 5

The Virtorlan Soclety Annual Report and Financial Statements Company Registration No 3940996 Annual Review The problem and how we tackle it Thanks lo our carnpaigns over the past sixty years, more people than ever understand and value our Victorian and Eéwardian heritage. Yel. we cannot rest on our laurels. GradB I listed Ifictorian and Edwardian buildlngs still See change5 which simply would not be proposed for buildings of a similar importance from eadier periods. Many very good Victorian and Edwardian buildings svch as schools, hospitals and ordinary houses are still being lost or insen5111vely ahered. Increasingly. we make the case that this wasteful d8molition, rather than reuse. cannot continue if th8 UK is lo reach net zero. Buildings need an advocate who lakes the long-lerrn view. Local people may sland up for them, bul they benefit enomiously from the support of the Victorian Societys kno￿edge and expertise. The Society encourages people lo appreciate their buildings, so that any changes ensure that futur8 generations can enjoy whAI is special about Ibem. Much historic interest can be lost through the accumulation of changes to 8ccommodale seemingly urgent, bul often short.lerm. requirements. Our mefflbers ensure we have specialist stsff on hand to go through thousands of planning applications a year to push for the bèst POS8lble outcomes. We review our aims, objectives and aclivilles each year. having regard to the Charity Commlsslon's general guidance on publlc benefit when pl8nnSng our future acllwlles lo en8L¢re that they are carried on for the public beneflt. We report on our work in 2023 to achiev8 our constitution's charitable objects, sel out below. By Involving and educating the public, we Increase the Ilkellhood of sAvlng bulldlngs. CONSERVATION: to save Vletorlan and Edwardlan heritage from needless destruction or disfigurement. INVOLVEMENT: to awaken publlc interest in, and appreciatlon of, the best of Victorlan and Edwardian arts, architecture, crafts and design. EDUCATION: to encoura8e the study of these and of related Social history and to advise owners and public authoritles on the preservatlon and repalr of Victorian and Edwardian buildings and how they can,11 necessary, be adapted. Page 6

The Victorian Society Annual Report and Financial Statements Company Registration No 3940996 What have we done in 2023? Conservation eadline numbers 10,384 notifications received12022.. 10,580. 2021: 9.009) 5,630 (54°hl identlfled a5 our period12022: 4.965 {47V.1; 2021: 4,731 {53Va)) 465 detailed responses made12022: S57; 2021: 5251 Savlng buildings We want to help local planning aulhonlies, or denominations that have b8en exampled from looal planning control, make better decisions about Victorian and Edwardian heritage. Commenting on applications for listed building consent, faculty or planning permlssion is a key way in which we do this. We employed (from June} 3.4 full-lime-equivalenl conservation advisers for church and secular work in 2023 12022.. 3.21. This indudes the two days per week of our Birmingham and Wesl Midlands Conservallon Adviser paid for by a legacy from a former member, Mary Heath. We rely on volunteer5 around the country for a great deal of our work. Our regional groups in 81mingh8m and Lèicester respond lo applications in thgir gaographical areas, buoyed by considerable local knowledge. Local aulhorilies are required to notify us of the outcomes of listed building consent application5 that they have consulted us on. However, so few do thls that il is Impossible for us lo compile meaningful stslistics on the resurts of appllcations on which wo comment. Mere counting of cases on which w8 have commented does not reveal Ihe Irue exlenl of our work, a8 some cases can be dealt with quickly whlle others require many me81inGs and sile visits to be resolved. Nev8rtheless, the figures are impressive. In 2023 we received 10,384 notifications of proposals lo historic buildings12022.' 10,580.. 2021.. 9.0091. Of these. 5,630 154.kl related lo Virtorian or Edwardian buildings 12022.. 4.965 147VAI', 2021.. 4.731 153%),. 2020.. 3.398149Qhll, each of which our staff must investigate to see if il 15 of concem lo us. We gave detsiled respollses lo 465 {2022". 557,. 2021.. 525,. 2020'.3831. Overall. this wod(s out as our 3.4 full- lime-equivalenl staff each having lo look al 1,655 applications identified a5 in our period a year, or 32 a week. Notably. while the total number of nolificalions is comparable with the previous year'5. the proportion of those that concern buildlngs deemed 'ln peflod, is conslderably hlgh8r. The cas8workers' workloads continue to increase. Included in the figures above are the 891 nolificalions received for proposed works lo listed land unlisledl religious buildings that fall under the ecclesiastical exemption. the overwhelming majority of which have some element within our period of inleresl12022.' 870., 2021.. 857.. 2020.. 8531. We have a formal role in the planning system In England & Wales. The Secretary of Stsle's direction in Arrangements for handling heritage applications - notrfioation to Historic England and N8tional Amenity Societ￿s and Ihe Sec￿lary of Stale (England) Direction 2027 requires that we must b8 notified of all applications for Listed Building Consent that involve an element of demolition. When determining application5, local planning auU)orits'es musl lake our advice into accuunl bul they are not obliged to follow il. This was underlined in 2020 by a decision of Ihe High Court lo quash a planning permi5SlOn due lo Birmingham City Council's failure lo disclose our objeclion to the planning committee an Important endorsemenl ol the value of our expert advice. We also have a formal role in the variou5 listed building control procedures set up by those Christian denominations which have chosen to retain their exemption from normal listed building regulations. Page 7

The Virtorlan Soclety Annual Report and Financial Statements Company Registration No 3940996 We try lo influence proposals before they a￿ submitted. through pre-applicalion discussions with owners 8nd parishes. When opposing a proposal. we work in partnership with residents and other interested parties, if appropriate. We hope that publicislng our position on cases will increase awareness of the need lo work sensitively with historic buildings. Our success cannot be measured by counting rejected listed building consent applications, as over gOOA of applications for listed building consent are approved. Indeed, their approval may well be as a resuh of our intervention leading lo revised, improved designs. We do not comment on every nolilicalion received. We respond when the proposals are damaging lo historic character and when our expert Input might result in a less destructive outcome. Our responses hlghlighl each sile's historic and archileclural importance and explain why the proposals are delrimenlal. The experience of our conservation advisers, buildings commillees and other specialists means we deliver considered responses drawng on an exceptional breadth of knowledge. The types of proposals we comment on continue lo include.. the demolition of unlisted buildings IE) conservation areas,. redundancies of churches, schools, pools. hospitals and town halls and subsequent neglect or alteratlon,. church re-orderings, subdivisions and extensions,. and the impact of tall building5. We also submit listing requests for unlisted buildings, and upgrading applications for those we consider deserve a higher designation. Our work is best understood by reading the case reports published in each issu8 of our magazine, The Victorian, and by following the Sociells various social media channels. Highlights In 2023 included an exceptionally rare consistory court success in the case of Sl Peter and St P8uI, Knapton, In the diocese of No￿leh, in which the Society successfully argued agaln81 the removal of a substantial portion of the church's benches, designed by GC Scott Jnr. In addition lo ils casework. the Society regulalry submits listing applications, many by the Sociely's longstanding volunteer Tony Woollenden. This year Tony has been successful in gelling no fewer than seven bulldlngs added lo the national Ilsl, Includlng the excellent Aigburth cricket pavlllon of 1880-2 and the recently closed church of Sl Bartholom8w, Rusw8rp, in north Yorkshlre. Our Bimilngham and Wesl Midlands conservation adviser, Tim Bridges. got a further two buildings listed. including the Impressive Tellenhall Court, Wolverhampton, an Arts & Crafts house of 1913 by Wllliam Weller. We receive a grant from Historic England %thich covers a proportion of the cost of our listed bulldlngs casework in England. We are very grateful for this SUPPOrt bul remaln Gon¢erned that our grant is now being extended only for short periods, making it difficult lo plan and compounding the difficulties caused by thig grant having reduced sub5tanlially over th8 course of the last decade. We also receive a grant from Cadw, th8 Welsh Govemmenl's h19t0￿C environment servlce. whlch makes a modest but slgnlficant contrtbullon to the Soclells abllity to undertake ils work. Influenclng pollcy We influence government policies on planning and the historic environment which have an impact on Victorian and Edwardian buildings and conservation areas. We do this primarily through our participation in the Joint Committee of National Amenity Societs'es and as a member of The Heritage Alliance. 2023 also saw a conlingenl ol Society staff visit DCMS for a meeting with the Minister for Arts and Heritage. al which Ibe work of the Society and concerns over funding were highlighted and the longslanding issue of permitted demolition rights was discussed. Looklng ahead Glven th8 trend of the prevlous years we expeel that Casework numbers wlll contlnue to rise. Caseworkers will therefore continue to priorits'se the cases to which to respond, allocating resources wh9rg most required and of greatest value. Following the recent consistory court success al Knapton, the Society is now party opponent in the case of Oakley, Sl Leonard. where a sweeping and destructive scheme of reordering and extension is proposed. The Liverpool Street Slalion campaign also remains very much a focus for the Society, with fundraising continuing for a potential landrnark legal case in the coming year. 11 is also our hope that our concerted efforts campaigning for a change lo permitted development rights in respect of demolition will bear fnjit in the fomi of 8 Govemment consultation on thls very issue. Page 8

The VirtDrlan Society Annual Report and Financial Statements Company Registration No 3940996 Involvement Headline numbers 2,531 members xtrwitter followers.. 29,600 Threads.. 1,662 Instagram followers,. 7.736 Facebook followers: 10.000 Facebook page likes: 9,100 Linkedln followers.. 1.751 A focus for interested people The Society provides a focus and community for those inleresl8d in Victorian and Edwardian heritage and arts. Membership numbers sli9htly decreased to 2,531 in 202312,746 in 2022, 2,721 2021,. 2,642 in 20201. As ever, we welcome any suggests'ons of how we might better attract more members, while retaining those we have gol. The transfer to a new membership database, Beacon, has been drfficult despite paying for expert support and the Society is Ih8nkful for members, patience whilst we continue to iron out problems. The public engage with us in several important ways, Including with financial conlribulion. Many members generously glve us addillonal donatSons dudng Ihe year and signed Gift Ald declarations lo maxlmlse the Value of their donations and member5hlp subscriptions. In 2023, Gift Aid added £23,875 {2022.' £31,595. induding several retrospective claims,. 2021.. £22,050} lo our funds. Refflemberlng thoso who romomberod tho Socloty We are privileged lo have been remombered in six legacies in 2023, lolalling £61,972. including one reslricled for use in churGh casework. (We received five in 2022 lolalling £267.000', five in 2021 totalling £236,213,. and three in 2020 lolalling £32.095.) We are very gralelul to all those who remernbered us in their will in 2023 and in previous ye8rs. Thank you also to all those who are planning on supportlng us In this way. While legacy income cannot be reliod upon or budgeted for, il has been crucial in helping the Soclety through the difficult last few years. Legacy income is vital lo our operatlons and also enables special projects that would olhenfvise be unaffordable, such as the current updating of the Sociells website and brandlng. That's why we need people lo remember us when writing their wills. There can also be tax advantages for your eslale by supporting a charity in this way. If you would like to sUPPOrt our work by Joining, making a donation, or remembering us in your will, please telephone [phone] or emall [e-mail]. Volunteerlng Donations of lime and expe￿.80 are very valuable lo us. As th8 expert volce on Victorian and Edwardian archlleclure, we rely on volunte?r5 around the ¢ounlry for their specialist knowledge and their willingness lo help gel things done. Volunteers contribute their expertise by assessing appllcatlons for listed building consent in our buildings committees. they help organi5e our educational programme and as trustees they oversee the Sociells strategic dlrection. They are also invaluable event stewards, letter-stuffers. stamp-fixers and washer- uppers. Our committee members akjne contribute well over 900 hours of free advice per year. The Society continues lo welcome new volunteers and would encourage anyone interested lo make contact. We rem8in especlally keen to find a new librarian for our impressive collection of books, journals and other archived material. Page 9

The Victorian Society Annual Report and Financial Statements Company Registration No 3940996 Soclal media Social networking has played a key role in the Society's WOTk in 2023. The base of followers built up over at least a decade came into ils own as the Society used its full digital potential to campaign for cases, lo fundraise, lo petition, and lo lap into and engage the community. Our following across all our social media has grown, and our reach ha5 extended exponenbally for particular campaigns. Instagram continues to grow with a 410A increase in followers. A focus on the professional community on Linkedln. as a potential source of new rnembers. saw a 48Yo rise in followers. XITwitler rose 10 29.5K followers with one tweet alone lor the campaign around the Bishopsgale Bathhouse gaining 353K views, whilst the news of Ihe Liverpool Street Station fundraiser launch gamered 36K views and when the Society posted that the planning application had gone live il accumulated 501 K views. With uncertainly around Twitter's future, we added Threads as a new plafform in July 2023, garnering 1,662 followers in 6 months, and Blue Sky in October 2023. The team has made more use of features, adding more Reels on Instagrarn, with different staff contributing content. obtaining many thousand of views on som8 posts. Newsletter The free monthly new51etter was dellvered lo subscrib8rs every rnonlh. Recipients grew from 4,997 to 6.514. Conlenl ranged from the lalesl news on our casework and campaigns lo developments on Top Ten Buildings and heritage sector news. Popular sections include Vlc Soc News and Property for Sale. The Events section remains a successful plarform for selling ev8nl lickels and, as the newsleller reaches the gener81 publlc as well as members. 11 is a good way lo generate extra sales lo the charlty for its events, which may also lead attgndees to become members. Communlty Engagèment The Society has had 8 busy and tremendously successful year in lemis of outreach and lobbying. The 1970s committee from the origlnal Llverpool Street Slatlon Campaign ILISSCAI was revived by Director Joe O'Donnell, with Pre5idenl Griff Rhys Jones as ils figurehead, like Sir John Betjeman, to front the committee and the campaign. The committee has allowed powerful parlner-working, involving live 8menily socielbes, one literary society, one archaeology society, two history societies and two charities one in heritage, the other the national charity for the civic movement in England. LISSCA has helped the Society, via Iradilional and cligilal media, to reach new an¢Y established audiences. The campaign has involved a change.org petlllon wlth 35,000 slgnalorfes, a JustGiving fundraiser1730A of its £40,000 totsl raised by December 2023}, as w911 as a high-profile public meeting al the 8i5hopsgate Instiluta preceded by members 8nd s18ff handing out leaflets at the Station. The social media following of all the committee members linked together led lo our message reaching new audi8nces in London and across the UK with greater public awareness of the Sociely, new memberships and donations. The Society once ag8in presented a stall al the popular Historic Buildings, Parks and Gardens event, with our members being offered free ticket5 in our newsleller lo attend th8 event. 11 allowed the team to sell Journals and books and lo give 8W8y free copies of The Viclorian to interest potential new members in our work. Top Ten Endangered Bulldlngs The 2023 Top Ten Endangered Buiklings campaign delivered an oulslanding range of coverage delivered in print, online, on radio and television. Coverage commenced with Griff Rhy5 Jones live on ITV Gtyod Moming Brit8in from Ipswch. followed by his pre-recorded interview on BBC Radio 4 Today looking al our Welsh building as the programrne was belng broadcast from Wales that day. The day was bookended on the BBC Radio 4 News at 6pm with Griff talking about the list and Liverpool Street Station in particular. In total, there wer8 one national and six regional TV interviews and Iwo national and nlne reglonal radio Inte￿eWS, Includlng bllingual IntervSews in Wales. The D8ily Mail Online. the world's most widely-read digit81 new5 publication, featured an extended article with a gallery of photographs of all the buildings, with the same approach from BBC News Online wth all the Ten Buildings included. The architecture press featured the Top Ten with a gallery of all the buildings in Building Design online, with The Architecls, Journal also reporting the list. The Goverage has galvanised local campaigners lo support their buildings and. in al least two case5. local councils commilling in media interviews lo improving the buildings. situation. Page 10

The Vlctorian Soclety Annual Report and Financial Statements Company Re8lStration No 3940996 Press From casework to major campaigns to lobbying the government. the Society has been extensively covered In the media during 2023. The various 5tsges of the campaign to Save Liverpool Street Station have been covered everywhere from the BBC Radio 4 Today programme to BBC TV 1 London Politics and ITV London News. lo Thp Old￿, The Critic, Country Life, 8uilding Design and The Architects, Journal. National newspapers covered the story, including The Guardian and Simon Heffer exhorting Daily Telegraph readers lo follow his lead and sign the petition. Grlffs letter lo The Editor of The Times signed by leading figures in Ihe worlds of heritage. architeGlure, academia, publishing, the arts, and ulture, was published alongside a news story in the paper and online which resulted in further extensive coverage from The Evening Standard to The Daily Mail. Th8 Independent and The Sun. The team has also delivered a number of proactive media campaigns for cases around England including th8 Potential demolition of two rectories in Sussex and Somersel. the demolitson of Wemelh St John's church and buildings in peril in Manchester, Preston, Leeds. Oldham. Sussex, Northumberland. County Durham, Gloucester, Dorsel and London. Coverage has included multiple stories The Times, The Daity Mail and The Sun as well as in regional lilles including the Manchester Evening News, The Llverpool Echo and Th8 Yorkshire Post. in print and online. The 8rchSleclure. planning and heritage media covered our campaign to convince the govemment lo hold a consullatlon on Permittad Developrnent Rlghls lo stop Ih? terrible and unsustainable loss of unlisted heritag¢ ass&ts. Looklng ahead Aongside our national and regional campalgning, the team has been working on crealing a new website and branding for the Soclety. The new website will deliver better performance and accessibillly for visitors, as well as greater ease of use for both the Societ15 central team and its regional groups. Page 11

The Vlctorian 5oclety Annual Report and Financial Statements Company Registration No 3940996 Education Headllne numbeTS 95 events, organlsed by volunteers12022: 451 2,739 tlckets sold for events12022.' 2,540) Talks, confgrences. vlslts and study day¥ Our online events continued lo reach a wider audience in 2023 and to offer an opportunity for those who are housebound or otherwise unable lo travel lo connect with the work that we do. Our winter online talk series uncov8red the world of Pevsnerfs Architectural Guides. Organised by Simon Bradley and Charles O'Brien, talk attendees discovered the experiences of the editors and writers of these volumes. as well as the places they explored. As the Society launched115 Liverpool Street Slatlon campaign, OUT autumn online talk5 series, organlsed by Steven Brindle and Simon Bradley, explored the history of the Viclorlan Tailways and drew the Impressive attend8nces seen during lockdown. There were two well-allended railway-associated ev&nls, which allowed members to listen lo the talks and then see the raihNay story in person. Our programm8 ol walks and vlslls continued lo grow despite the ongoing th￿at of train strikes. These outings included a trip lo Whlleley Village, organis8d by Sheila Binns, our first visit to Harwich, arranged by Micha81 P6arson, and a vlsil lo Nunhead Cemetery, prepared by June Lawrence. In-person lectures al Sl Mary Abbots, organlsed by May8 Donalan, continue Iwlce a ￿ar and provlde a great chance for members lo mèet In person. Our short stories reading group, led by June Lawrence, is growng and offers the opportunity lo discuss the literature of the Victorian era. Arguably the highllghl of 2023 was the AGM weekend in Bath organised by the Events Committee Chair, Neil Jackson. The weather was glorious, and it Was fascinating lo explore an overfooked period of Bath's architectural dgV8lopmenl. The weekend concluded ¥￿th 8y8-popplng vl$lls lo Sl Peter's thurGh, Homblotlon and Downside Abbay. Our regional groups dellvered a fascinallng variety of walks and talks connecting ￿th their local neighbourhoods and members in Ih05e areas. We are grateful to the events committee, both nats'onally and regionally, which has continued lo present a varled programme of events. The Vlctorfan We published three editions of our membèrship magaiine Th8 Victorian. In March 2023, The Victorian sought Mntribulions from Young Victorians, with illumlnallng artlcles on a range of subjects, from the heritage of Grimsby and Mydnmar, lo Kgnslnglon churches and the longstanding issue of lockeé hurches, as well as a brief overview of th8 work of the talented but career-curtailed architect Oswal Milne. 11 also included a farewell from Bernard Harrison, long-standing volunteer and frlend of the Sociely, and Andrew Saint's wami and personal reflecllons on the career of the great Mark Girouard. The July issue fo¢used on interior design and decoration, featuring artlcles from Wendy Andrews on the extraordinary Cowtan & Sons order books preserved at the V&A, and Olivia Horsfall Turner on Owen Jones and his role in the Iransfomalion of wallpaper design. Max Donnelly provided an article on Daniel Cotlier. subject of his recent monograph,. and there were further fascin8ting contributions frorn Lleske Hulls and Elizabeth Crawford. Stefan Mulhesius's artlcle considered hous8 names in Victorian and Edwardian terraced housing. Finally, Novernber's thought-provoking issue included articles on William Burges by Charfotte Ribeyrol., on a Landseer portrait of Prince Albert and Queen Victoria. by Susan Owens.. and Eleanor Jolliffe's aco)unt of the architectural profession in the nineteenth century. Rachael Marsay considered the overlooked bul influent'al figure of artist and Catholic convert John Hungerford Pollen,. Julian Treuherz offered a rare insight into the work of two archilecls worting in Sicily in the later nineteenth cenlurw, and there were further contributions from Steve Leary- on Holst and a description of the refurbishment of hrs house in Cheltenham - and Nicholas Boys Smith, writing on Victorian street and traffic management. Page 12

The Vlctorian Soclety Annual Report and Financlal Statements Company ReEistration No 3940996 Publlcations 2023 saw the Society release two new publicab'ons. First was volume number elght in the Society's well- established series of journals, entitled French Architecture and th& EnglAsh 1830-1914, edited by Andrew Saint. The second was Tim Britlain_catiin's monograph (part of the Victorian Architects series published on behalf of the Victorian Society wlh Historic England) on the flamboyant Edwardian architect Edwin Rickards. Both make extremety valuable contributions to nInele8nth-￿ntUry archllectural scholarship. Looklng ahead In 2024 we hope to ventLsre inlo the worfd of hybrid talks, which will mean that some members can allend an event in-person CDncuTrenl with others watching from th8 comfort of their homes. We will also be celebrating the bicentenary of the birth of George Edmund Street wth a programme of events organised by Neil Jackson. as well as the publicab'on of th8 long-awailed G. E. Street monograph. 2024 will see us travel lo the great Victorian city of Bradford for our AGM, organised by the West Yorkshire regional group. We contsnue lo expand our events and intend lo increase our offering. Page 13

The Vlrtorian Soclety Annual Report and Financial Statement5 Company Re8lStration No 3940996 Report of the Trustees l Directors for the year ending 31 December 2023 Structure, governance and management Structure The Victorian Society is a registered charity and a company limited by gLJarantee whlch is regisler8d in England. It is governed by a memorandum and articles of association. Governanc• The Sociely is rnanaged by a Board of Trustees. All the Trustees are also the Directors of the charitable company for the purposes of the Companies Act, and vice versa. Each Trustee has a designated executive or non-executive role. All Trustees are required lo be members of the Society. Trustees are recruited on the basis ol skills needs identified by the 8oard ol Truslees. A vaiiety of methods is used lo identify suitable candidates. Trustees are elected by the members of the Society 91 the Annual General M8ellng, normally for a lem) of ottice of three years. Trustees are automatically eligible for re-election for one further consecutive lem and, if the Board of Trustees so approves Iheir Candidature, are eliglblo for re- election lo further consecutive term5 of office. The Board of Trustees has the power to co-opt membars during the year but these members musl stand for election at the next Annual General Meeting. Tru5tee5 are given an induction pack on joining ihe Board and are encouraged lo identify gaps in their knowledge, which are then addressed by briefings or other Ir8Snlng delivered to some or all of the Iruslees as appropdale. The role ol each Trustee is defined in a lob description. The Bo8rd has reviewed the Charity Governance Code for smaller charitle5, which sets out best practice principles and recommended practic8 for good governance. The principles address organlsalional purpose., leadership., integrity,, decision-making, risk and control., board effectlvenes5' diversity.. and openness and accountability. The Board is satisfied that il is meeting the principles and key outcomes of the Code atthough, given the small size of the Society and tho Trustee Board, in some areas there rather less fomialily than is called for by the Code. As an exarnple, while the Board and the Director of the Society work closely together and are therefore clear about what is delegated to the Director, Ihls Is not sel out in a formal framework. Management The Board of Twslees currently comprf5es eleven members and meets fomially six Ilmes a year. Members of the Board, individually or in small groups, also act to lake forward the Societvs plans. Day-to- éay management of the Society is delegated lo the Director of the Society who, while not a director of the charitable company, attends meelings of the Board of Trustees. The Society benefits from a Northern Buildings Cornmittee. a Southern Builéings Committee and a Birmingham & Wesl Midlands Casework Committee, each comprised of experts who meet to advise the Society on archileclural and casework mallers. The remuneraliDn of the Oireclor of the Society and other employees is reviewed each year by the Trustees Rlsk management The major risks to which the Society is exposed, as identified by the Trustees. have been reviewed during the year and the Trustees are satisfied that sy5teffls have been established to miligale those risks. The principal financial risks facing the Society relate lo a recurring deficit from its ongoing operations and its significant financial investments. These are considered in more detail on the following pages. Page 14

The Vlctorian Soclety Annual Report and Financial Statements Company Registration No 3940996 Financial review Income and expenditure Net movement in resources 2023 2022 £OOOs £OOOs Deficit on re¢urriTrg Items Non-recurring items Branding and website project. net Enhancement of gLJttering Non-recurring donations Non-recurring grants Non-recurring staff costs Inell Non-recurring project incom8. nel Gain on sale of furniture Legacies Surplusl{Oeflrlt) before valuatlon adjustmènt# Nel Ilossesygains on investments Surplu•llDellcltl for the year (97) 162) 181 191 20 20 1221 62 267 {111 10 199 185 The Trustees are sorry lo report that the deficit on a recurrlng basis has Increaserj again this year. We dlscuss the factors affecting each of Income ané expendllura in more detail below. In summary, this is due in large part lo increased stsff costs. 8 reduction in subscription income and higher publication costs, offset by higher interest and net events income. The Trustee5 continue to Larg81 improviding this un¢Jeflwng result. Income 2023 2022 £000 650 £OOOs Total Comprising.. Subseriplion Income Donalions Legacies Rental income Other investment income Grants Educational events and public81ions Heritage project5 Other 435 Tot•1 Income down 33°A 153 36 62 18 23 70 70 167 20 267 17 10 66 93 Decr88S8 8DA Inc￿ 8se 80% Decrease 77% Increase 6Yu Increase 130% Increase 6Yo Decrease 25% Decrease fnon-recurring) Incre8se 50Yty Subscrlption Income fell by 80h, due in part to members affected by the cost of Ilving crisls deciding not to renew and in part lo the absence of the 'catGh up, gift aid recovery of 2022. MembeTS were again generous with their donations, includlng those who donated £9.473 to our appeal lo fund the cost of our Llverpool Street Slatlon campaign. We received six legacies In 202312022.. five), Including one reslrfcted for use in church casework. Our increased interest income reflected th8 signfficant rise in interest rates during the year. Our underlying grant income was stable. As detailed in Note 2 to the accounts, we received two other grants in the year, one reslricled and one unrestricted, totalling £24,000 {2022.' a grant of £6,170 from Cadw for a Welsh Heritage Day of lectures ané campaigning advice and two further granls of £2.000 eachl. The Govemmenl's Kickstarter scheme came to an end. so we no longer had staff employed under this scheme Mth a related granl12022.. iwo rnembers of staff and a grant of £9.3951. Page 15

The Vlctorlan Society Annual Report and Financial Statements Company Registration No 3940996 Financial review (continued) Income from educational events and publlcations arises from events, the sale of publicab'ons and adverts'sing income. Income from èvents fell by around £24,000 but, as two costly live events from 2022 did nol recur, the net surplus increased by just under £10,000 (see Note 3a lo the accounts). Live events are popular wlh members, and will always form a part of our programme. and our successful programme of online events continued during the year. The sale of publications generated increased income. with our books on Bentley and Pugin both proving popular. The heritage project income In 2022 related lo a project carried out for Historic England by our Birmingham and Wesl Midlands Regional Group reviewing listing descriptions in Darlaslon and Wednesbury in the Black Country. Expenditure 2023 2022 £0005 451 £OODs Total Comprising,. Archileclural conservallon Educational activities Fundraising 446 Total expenses down 1% 292 132 22 278 152 21 Increase 5Yo Dects8se 14% Increase 5Yo Although total expenditur8 fell by 1 %, excluding non-recurring items and event costs (discussed above) recurring axpendllure increased by 14VA. Staff costs played a significant part in this increase. as we were fully staffed throughout the year whereas In 2022 we had had periods wilhoul erther media or events support. Also. one of our previously part-lime casewoTker5 moved to full-time work during the year, reflecting our increased casework. We issued a Joumal in 2023 (none in 20221 and the cost of produclng Th& Vi¢lorian increased unavoidably during th8 year. In 2022 we had received a reslricl8d grant of £2,000 lowards the cost of a publication related lo parks and g8rdens.' since we are not plannlng any such publlGaUon of our own at present, with the agreement of the grantor we made 8n onward grant of this 8mounl, which is r8118cled in our expenditure for the year. Our non-recurring expendilure Ihls year was £11,645 and related lo our webslte and branding prol8Ct. discussed elsewhere in thls report. We were grateful to receivè 8 grant of £4.000 lowaTds this cost IdisCUSsed above) and were able lo utlllse funds granted 1£2,0001 and donated 1£2,8041 In 2022 85 contributions lo thls cost. This year the Society reported Un￿alISed investment gains of £9,92312022..105ses of £14.0021, reflecting general market movements. Baljnce sheet Net assets 2023 £OOQs 2,260 2022 £OOOÈ 2,261 Total net assets Stable tri I d funds.. Tangible fixed assets Inlangible fixed assets Deposits and other investments Cash balances Other net assetsllliabililies) 1,181 1,183 Stable stable Increase 7Yo Decrease 17Yo 339 451 33 1,979 2,033 LJ8crease 3% Restricted and Endowment funds.. Deposits, investments and cash Other net assetsllliabilitiesl 281 228 Incr8as& 23% 281 228 Page 16

The Victorian Society Annual Report and Financial Statements Company Re8lStration No 3940996 Financial review (continued) Unrestrtcted funds Unrestricted funds represent the Societys day lo day operating finances. Overall. unreslricled funds decTeased by 3•/0, r8flecting the deficit for the year. Just under Iwo-thirds of the total is represented by tangible fixed as5els. largely the freehold property in Priory Gardens. The market value of this property is eslimaled to exceed the cost by a substantial amount, however no formal valuation has been obtained because this would incur undue cost lo the Society. The level of unrestricted reserves held which are not designated or invested in the Society's tangible and intangible assets. and are therefore available to finance general spending, Is £795,02612022.' £845,914). The deposits. other investments and cash balances are placed in accounts with a range of terms. Investment declsions are made taking into account the short- and longer-term cashnow needs of the Socièty and its planned activilies. The Trustees conlinLte lo place great importance on the capital security of the Society's funds. This. and the benefits of IiqLJidily. are currently considered to Dutweigh the inflallonary risk of holding cash. By ulilising deposit accounts with a number of different inslitulions, ihe investments are largely covered by the FSCS bank deposit guarantee scheme, which is a key method of managing investment dsk. Since the Socielvs funds are invested with banks and building societies, the Trustees are unable lo influence the social, environmental or ethical poliries of the providers used. Reserves pollcy For the Society lo function successfully, il musl maintain an adequate level of unrestricted re8etves that can be used lo finance the Sociells day to day operation5 and provide a precautionary reserve In case of fluclualions in the future level of income, particularfy in view of the deficit on a recurring basis disclosed bove. In considering the adequacy of the Society's reserves, the Trustees focus on its '(Tee' unrestricted reserves whlch. as disclosed abtsve. were £795,026 al 31 Oeeember 2023 {2022', £845.9141. The Trustees consider il pnJd8nl that the level of precautionary reserve should not be less than a year's 9xpeel8d future axpendilure 18xcluding events expenditure since this is income-generalingl, plu5 an allowance for ongoing property refurbishment. At 31 December 2023, the Societys free unreslricled reseNes were adequately In excess of this level. However. slnce we continue to report a recurring deficit, the Trustees continue lo explore actions that can be tsken both to Incre85e income and lo reduce exDendilure. Restrlctod and endowment funds The restricted and endowment funds 8re invested so as to reflect the Soclely's obligations under each of the funds, as well as the requirements of Ilquidlty management and wishing lo accept limited financial risk. The restricted funds ar8 invested in cash deposlis. The endowment fund5 are invesled in CCLA (Churches. Charikn'es and Local Aulhodlies Investment Management Llmltedl Charities Investment Fund Income Units. This is a balanced managed fund which should, over lime, generate both a steady income and som8 capital growth. Tho CCLA incorporates environmental. soclal and governance IESG) onslderations into ils investment strategy. Of the £2,260,066 lolal funds held al the balance sheet date, £164,841 are restricted and £116.028 are endowment funds12022.' £2,260,826 total funds. of which £122.162 restricted, £106,114 endowmenll. Page 17

The Victorian Society Annual Report and Financial Statements Cornpany Registration No 3940996 TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS The Trustees, who are Directors for the pufj)oses of company law. are responsible for preparing the annual report and financial stslements In accordance applicable law and regulations. Company law requires the Directors to prepare financial statements for each financial year. Under that law the Directors have elected lo prepare the financlal slalements In accordance ￿t￿ Unlled Kingdom Generally Accepted Practice (United Klngdom Accounting Standards) and applicable law. Ljnder company law the Directors must not approve the financial Statements unless they are satisfied that they give a Iwe and fair view of th& company s financial activities for the year and of ils financial position al the end of the year. In preparing those financial statements, the Directors are required lo.. select suitable accountlng polici&s and apply them consislenlly., make judgements and e8timales that are reasonable and prudent.. prepare the financial slaternents on Ihe going concem basis unless It Is inappropriate to presume that the company wlll conllnue in buslness. The Directors ar8 responsible for keeplng adequate aceounllng records that are sufficient to show and explain the comp8nls Irans8ctions and disclos8 With reasonable accuracy al any lime the financial position of the company and enable them lo ensure that the flnancial statements comply wlh the Companlgs Act 2006. They are a180 responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevenllon and detection of fraud and olher iThegularilies. The Tnjstees conlimi that, as far as each Trustee is aware, there is no ￿levant audit informallon of whlch the charity's auditors arg unaware and thal each Truste8 has taken all the steps that ho ought lo have lakan as a Trustee In order lo make himself aw8r8 of any Televanl audSt information and lo establish that the charitvs audltors are aware of that Information. AUOITORS Begbies are the Sociells audllors and a resolution propo$lng thelr reappolntment will be put lo the annual general meeting. The r8port was approved by the Board of Trustee8 on 23 April 2024 and 51gned on its behaff by Professor Hilary Grainger. Chair Page 18

The Victorlan Society Annual Report and Financial Statements Company Registration No 3940996 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDEO 31 DECEMBER 2023 Unrestrlcted Restricted fund5 Total 2023 Total funds Endowmeni 2022 Note5 INCOME AND ENDOWMENT FROM: Donotlons ond Leqacles Subscription5 Donations Legacies Investment Rental income Dividends and interest Chorltoble actlvltles Grants Educational events and publlcations Heritage prolects Other 153,250 26,915 11,972 153,2SO 36,388 61,972 167.209 19,944 267,438 9,473 50,000 17,925 19,838 17,925 22,693 16.650 10.134 2,855 20,000 50,165 70,165 65.770 69,865 319 70,184 93,551 7,874 1.656 3b 3b 2,591 2,591 Total Income 322,356 112,812 435,168 650,226 EXPENDITURE ON RulslngAunds 121,6741 15581 122,2321 120,8071 Chorltable actlvltles Architectural conservation Education 1238,6191 1127,9151 153,2121 13,8731 1291,8301 1131,7881 127?,g471 1152,4011 Total expendlture 1388,2081 157,6431 1445,8501 1451,1551 Net gains/llossesl on investment5 9,914 9,923 114,0011 Net in¢omellexpendlturel (65.843) 55,169 9,914 {7591 185,070 Transfer5 between fund5 Net Movement In funds 12,490 153,3531 112,4901 42,679 9.914 1759) 185.070 RECONCILIATION OF FUNDS Brought forward at l January Carrled forward at 31 December 2,032,550 1,979,197 122,162 164,841 106.114 116,028 2,260,826 2,260,067 2,075,756 Z.Z60,8Z6 The Accounting Policies and the Notes on pages 22 to 31 form part of these financial statements. Note 6 analy5e5 the 2022 net incomellexpenditurel between Unrestricted, Restricted and Endowment fund5. Page 19

The Vlctorian society Annual Report and Financial Statements Company Registration No 3940996 BALANCE SHEET as at 31 DECEMBER 2023 Unrestrlcted Restrirted funds funds Endowment Total 2023 Total 2022 Notes TANGIBLE FIXED ASSETS INTANGIBLE ASSETS INVESTMENTS 1,181,407 2,764 93 1,184,264 1,181,407 2,764 116,121 1,300,292 1,183.196 3.440 106,198 1,292,834 116,028 116,028 CURRENT ASSETS Stock Debtors Investments Cash at bank and in hand 3,346 35,552 343,424 451.138 833,460 3,346 35,552 436,410 522,993 998,301 1,665 55.262 453.010 548.804 io 92,986 71,855 164,841 1.058.741 CURRENT LIABILITIES Amounts falling due within one ye 11 138,5271 138,5271 190,7491 NET CURRENT ASSETS 794,933 164,841 959,774 967,992 TOTAL ASSETS LESS CURRENT LIA81LITIES AND NET ASSET5 1,979,197 164,841 116,028 2,260,066 2,160,826 Represented by: FUNDS Unrestricted Restricted Endowment 12 1,979.197 1,979,197 IfA,841 116,028 2,260,066 2,032.550 121.162 13 14 15 164,841 116,028 116,028 ID6,114 2,260,826 1,979,197 164,841 The Accounting Pollcies and the Notes on pages 22 to 31 form part of these financial statements. Approved by the Board of Trustees on 23 April 2024 and signed on its behalf by Professor Hllary Gralnger, Chair Page 20

The Vlctorian Society Annual Report and Financial Statements Company ReBistration No 3940996 CASH FLOW STATEMENT for the year ended 31 DECEMBER 2023 Total 2023 Totsl 2022 Cash flows from operatlng artlvltles: Net cash provided by operoting octivities 161,5271 264,587 Cash flows from Investlng actlvltles: DlvSdends and Interest on investments Ilncreasel/Decrease in Investments that are not cash equlvalents Purchase of tangible assets Net cash (obsorbed)/pravided by investing octivities Change in cash and cash equivalent5 in the reporting period 21,184 2,320 12,0691 21,435 8,8CQ 11,2401 112.7221 15,1621 140,0921 259,425 Cash and cash equlvalents at the beglnnlng of the reportln8 perlod Cash and cash equlvalents at the end of the reportlng perlod 746,723 487,298 706,631 746,723 Note to the cash flow statement Net Incomefor the reportlng perlod Adjustments for.. Amortlsatlon and Impalrment of intanglble asset Depreciation of tangible assets Unrealised Igainslllosses on investments Dividends and interest on investments Ilncreaselldecrease In stocks Ilntreaselldecrease in debtors Increaselldecreasel in creditors Net cash pmvlded by operatlng artlvltles 17591 185,070 676 3,858 19,9231 122,6931 11,6811 21,218 152,2221 161,5271 875 3,471 14,001 110,1341 315 13,261 57,72B 264,587 Reconclllatlon to bolance sheet Cash at bank and in hand Current asset investments that are cash equivalent5 Total cash and cash equivalents Current asset investments that are not cash equivalents 522,993 183,638 706,631 252,772 959,403 548,804 197.919 746.723 255,091 1,001,814 There was no net debt at 31 December 202312022- none). Page 21

The Victorlan Soclety Annual Report and Financial Statements Company Registration No 3940996 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting Policies l a l Basis of Preparation These financial statements have been drawn up under the historical cost convention, as modified by the revaluation of investments to market value. The financial statements have been prepared in accordance with the statement of Recommended Practice 'Accounting and Reporting by Charities, (the Charities SORP IFRS 1021 Revisedl, UK accounting standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, IFRS 1021 and the Companies Act 2006. The Society Is a public benefit entlty and has therefore applied the relevant public benefit requirements of FRS 102. The financial statements are prepared on a going concern basi5 and the trustees consider that there are no materlol uncertaintie5 about the Society's ability to continue as a going concern. Note 15 contains further analysis of the sufficiency of the Society's reserves. The financial statements are prepared in Sterling, which is the functional currency of the Societv. I b I Company status The Society is a charitoble company limited by guarantee and 5ncorporated in En8land & Wales. In the event of the Society being wound up, the Ilability in respect of the guarantee is limited to £1 per member. The registered offlcels I Priory Gardens, London, W4 ITh. l ¢ l Fund accounting The Society has three types of funds, unrestrlcted, restrlcted and endowment. The unrestricted funds are avallable for use at the discretion of the Trustees in furtherance of the general objectives of the Society. Restrlrted funds are funds that are to be used in accordance wlth speclfSc restrictions imposed by the providers of the funds. Expendable endowment funds are ntended to be used prSmarily to generate income. The Income from the Inve5tment5 In the endowment fund is shown as unrestricted income. Deta515 of the restricted ond endowment funds are set out in the notes to the financlal statements below. I d l Recognition of Income Subscriptions, donation5, grants and other forms of voluntary Income are dealt with when the Society Is legally entitled to the income and the amount can be quantified with reasonable accuracy. Legacies are recognised when It 15 probable that they wlll be recelved. LegacSes and gifts of property, furniture and reference books are recorded at their value at the date of receipt. Sale5 of literature and advertising, and interest in¢ome, are dealt with on an accrua15 ba515. Subscriptions are treaterl as donations and are therefore recognised as received. Income from events Is recognised when the event takes place. Gift aid receivable is included In the category of income to which it relates. No amounts are Included in the finantlal statements for servlces donated by general volunteers. l e l Recognition of expenditure Expenditure is generally recognised when a liability is Incurred. Expenditure on future events Is deferred and is recognised when the event takes place. Page 22

The Victorian Soclety Annual Report and Financial Statements Company Registratio No 3940996 NOTES TO THE FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng Pollcles Icontlnuedl If) Assets Tangible fixed a55ets are stated at cost less depreciation. Tangible fixed assets with a cost of less than £500 are generally not capitalised. Donated assets of no functional benefit to the Society received prior to 2000 (antique furniture) are not capitalised because it is not Possible to attribute a meaningful value to them. Such assets are held for their lifetime and disposal would take place only in exceptional circumstances. The c3Pltal cost of the website is recognised as an intangible asset and is Stated at cost less arnortisation. It is being amortised over its estimated useful life of 10 years from February 2018. when it became available for use. Investments are stated at fair value, if they are publlcly traded or their fair value can otherwise be measured reliably. Changes are recognised in income and expenditure. Other investments are stated on the basis of historical cost. Current asset investments qualify as cash equivalents If thev have a maturity of three months or less from the date of acquisition. Stock Is stated at the lower of cost and realisable value. Debtor5 are stated at the amount expected to be recoverable. I gl Depreciation No depreciatlon Is provlded on freehold premises slnce this would be immaterial havln8 regard both to the length of the useful economlc Ilfe of the property and its estimated residual value. Depreclatlonls provlded on offlce equipment at 20% on cost and on flxtures and fittlngs at 10% on cost. Where assets are not subject to depreciation, an annual 5mpairment revlew 15 I h l Allocation of expenditure Expenses have been allocated as between dlrect charStable expenditure and fundraising on the basis of expenditure Incurred, pro-rated where appropriate, uslng the proportions of staff time engaged in these functlons. lil Pension5 The Society makes pension contributlons to employees, auto-enrolment pension schemes. All of the schemes are defined contribution and the Sotlety has no liability for the payment of pensions in the future. Page 23

The Vlctorlan Soclety Annual Report and Financial Statements Company Registration No 3940996 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Granls 2023 2022 Historic England Cadw recurring grant Kickstarter grants Other 42,889 3,276 42,309 3,896 9,395 10,170 24,000 70,165 65,770 Recelpt of the Hlstoric England and Cadw grant5 15 condltlonal on the Society incurring sufficient levels of eligible expenditure during the grant years, which run to March. This will be confirmed to Historic England and to Cadw in returns submitted after the year end. The Society received a grant of £4,000 from The Bedford Road Charitable Fund as a contribution towards the Society's website and rebrandin8 exercise and an unrestricted grant of £20,000 from The Swire Charitable Trust, of which half was recelved thls year and half will be received in 2024. In 2022 the SDciety received a grant of £6,170 from Cadw to run a Welsh Heritage Day of lectures and campaigning advice, the costs of which were reported a5 part of events expenditure. Two grants, each of £2,000, were received from NPT Transatlantic: the first was to support publlcatlon of a work focusing on parks or gardens and the second as a contribution towards the Soclety's web51te and rebranding exerclse. In 2022 two members of staff joined us on a temporary basls under the government's Klckstarter scheme. 3a Educallonal Events and Publl¢atlons 2023 2022 Income from events Related expenditure 61,147 84,940 130,5091 163,7681 Surplus from events 30,638 21,172 Educational Events and Publicatlon5 Income comprised the above income from events, advertisin8 income of E5.30012022.. £8,056) and income from the sale of publications of £3,73712022: £5551. In 2022, events expenditure included the costs of the Welsh Heritage Day, part of the income for whith is reported above as grant Income. 3b Heritage projects and Other income In 2022 the Birmingham and West Midlands Regional Group, on behalf of the Society, undertook project for Historic England reviewing listing de5crlptions in Darlaston and Wedne5bury in the Black Country. Other income in both 2023 and 2022 was principally the gain on disposal of a fixed asset. Page 24

The Victorlan Society Annual Report and Financial Statements Company Registration No 3940996 NOTESTO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 DECEMBER 2023 4 Total expendlture ConseNation Education Fundralsing Total 2023 Staff lincluding temporary 5taffl 203,988 36.133 16,145 256.266 Other direct costs Event5 The Victorlun Thejournol Donations and grants made C05ework Publications 30,509 40,317 7.023 2.196 30,509 40,317 7,023 2,196 10,939 1,988 10,939 1,988 Allocated support and governance costs Premises and general office costs Finance IT Brandlng and webslte project Governance 38,367 12,579 12.695 9,269 3,993 6,796 2.228 2,249 1,642 707 3,037 995 1,005 734 316 48,200 15,802 15,949 11,64S 5,016 291.830 131,788 22,232 445,850 Allocated costs are generally allocated on the basis of the proportlons of staff time enBaged in each aspect of the Society's work. Con4•rv•tlon Educatlon Fundr•lsSng Total 2022 Staff lincludin8 temporary staffl 184,810 32.737 14,627 232,174 Other dlrect costs Events The VA¢torion Black Country listlng prolert Grants made Casework Publications 63,768 36,727 63,768 36,727 3,391 4.000 11,667 1,339 3,391 4,OCQ 11,667 1,339 Allocated 5UPPOrt and governance c05t5 Premises and general office costs Finance 44,059 16,151 14,239 3,630 7,804 2,861 2.522 643 3,487 1,279 1,127 287 55,350 20,291 17,888 4,560 Governance 277,947 152.401 20,807 451.155 Costs Include: 2023 2022 Auditors, remuneration - audit fee Depreciation and amortisatior¢ 5.016 4.535 4,560 4,346 Page 25

The Vlctorlan Soclety Annual Report and Financial Statements Company Registration No 3940996 NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR EI4DED 31 DECEMBER 2023 Total expenditure Icontinuedl 2023 2022 Staff costs comprise.. Wages & salaries Soclal security costs Penslon costs 229,781 15,908 10,577 256,266 209,052 13,557 9,565 232,174 The average number of staff employed during the year was 812022: 8.421. Calculated on a full- time equivalent bas15, the average number during the year was 6.72 12022- 6.431. No staff member received remuneration In excess of £60,000. The 8r05s employment cost of key management personnel, including national insurance and pension contributions, was £55,601 12022.. £52,016). Transartlons wlth Trustees No trustee12022.' none) was In recelpt of remuneratlon or employment beneflts. SIX trustees 12022.. four) recelved reimbursement of their travellln8 or other expenses totallin8 £1,11012022: £4071 in relation to the1r role as Trustees or on committees. The Trustees made donations lincludin8 membership 5ubscription51 of £655 12022.. £1,130) during the year. Trustees, insurance 15 obtained within the Society's general insurance policy. Fund analy515 of nel IncomellexpendSture) tor the comparatlve year Unregtrlctfrd Re•trl¢ted fund¥ fund• Endow- 2022 Total INCOME.. Subscrlptions Donations Legacies Rental income Dividends and interest Grants Educational events and publications Heritage projects Other Total Income 167,209 17.140 267,438 16,650 9,324 9,395 93,341 7,874 1,656 590,027 167.209 19,944 267,438 16,650 10,134 65,770 93,551 7,874 1,656 650,226 2,804 810 56,375 210 60.199 EXPENDITURE: Raising funds Architectural conservation Education Total expenditure 120,8071 1225,5421 152,4051 1149,4011 13,CNX)I 1395,7501 155,4051 120,8071 1277,9471 1152,401 1451,1551 Net gains/llossesl on investments 1431 113,9581 114,0011 Net incomellexpendlturel 194,234 4,794 113,9581 185.070 Page 26

Company Registration No 3940996 NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 7 Tanglble Flxed Assets Freehold pr•mises Offlce equipment Furnlture &flttlngs Total Cost: As at l January 2023 Disposals Iscrappedl Additions As at 31 December 2023 1,166,549 10.084 -681 2,069 11.472 23,138 1,199,771 -681 2,069 23,138 1,201,159 1,166.549 Depreclatlon: As at I january 2023 On disposa15 Charge for year As at 31 Oecember 2023 5.319 -681 2,303 6,941 11,256 16,575 -681 3,858 19,752 1,555 12,811 Nèt book valuè: As at 31 Oecember 2023 1,166,549 4.531 10,327 1,181,407 As at 31 Oecember 2022 1,166,549 4,765 11,882 1,183,196 The freehold premlses are occupled by the Soclety as offlces and surplus space15 rented out. The market value of the premlses is estimated to exceed substantlally the book value In these financial Statement5. No formal valuatlon ha5 been obtalned slnce this would incur undue cost to the Societv. Intanglble Assets W•b•lt• Cosl: As at l January and 31 December 2023 6,768 Amortlsatlon and Impalrment A5 at l January 2023 Charge for year As at 31 December 2023 3,328 676 4,004 Net book value". A5 at 31 December 2023 2,764 As at 31 Oecember 2022 3,440 Page 27

The Vlctorian Soclety Annual Report and Financial Statements Company Registratiotj No 3940996 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Investments Fixed Asset Investments 2023 2022 Fair value as at l Januarv Ur)reali5ed revaluation gainslllossesl Fair value as at 31 December 106,198 9,923 116,121 120,199 114,0011 106,198 Fixed asset investments comprise.. Endowment fund: Units in the COIF Charities Investment Fund, managed by CCLA, with an historical cost of £65,89712022.. £65,897). The Fund Is managed to grow the real value of investors, capital and income over the long-term, whilst keeping risk levels sensibly under control. At 31 December 2023 the bid price of income units was 1984.Sp12022.. 1814.93pl. The units are valued by CCLA based on the value5 of the underlying Investment5. Quoted investments are valued at bid prices and unquoted investments by the CCLA fund manager, based on information provided by the manager of the underlying investment. The Fund exposes the Society prlncipally to market prlce rlsk, but also to Currency, credit and Ilquidity rlsk, although CCLA states that it believes that the Fund 15 able to make redemptions required by unitholders. Unrestricted funds.. Bequest of 75 shares in BT which are stated at the quoted market price in an active market. The closing market value as at 31 December 2023 wa5 £9312022.. £841 and the total amount of dividends recelvable for the year was £612022.. £61. Current Asset Investrnents In 2023 and 2022 these comprised tash on deposit with UK institutions, held at historical cost. 10 Debtors 2023 2022 Other debtors and prepayments Accrued Income 6,772 28,780 35,552 5,278 49,984 55,262 Accrued Income Includes the second tranche of the grant receivable from The Swire Charitable Trust. In 2022 It Included recoverable glft ald for the year,. this was clalmed regularly durlng 2023. 11 Uabllltles: Amounts falllng due wlthln one year 2023 2022 Trade creditor5 Accruals PAYE & Pension Deferred income 9,599 20,805 5,712 2,411 38,527 46,342 35,457 2,305 6,645 90,749 Trade creditors in 2022 related principally to the balance of direct debits for subscriptions taken twice in error during the year and yet to be either refunded to members or converted by those members into donations. These balances were largely cleared during 2023. Deferred income mainly represents income received In advance for events held after the year end and rental income received one month in advance. All deferred income is released within 12 months. Page 28

The Wictorian society Annual Report and Financial Statements Company Registration No 3940996 NOTESTO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 12 Unrestricted funds 2023 2022 Balance at ljanuary Net incomellexpenditurel for the year Transfer from restricted funds Balance at 31 December 2,032,550 165.8431 12,490 1,979.197 1,826,317 194,234 11,999 2.032,550 Total unrestricted funds are made up as follows.. Tangible and intangible fixed assets Fixed asset investments Net current assets 1,184,171 93 1,186,636 84 84S,830 2,032,S50 794,933 1,979,197 13 Restrlrted funds Pevsner Mgmorlal Essay Mary H•ath Fund Tru•t Donatlons Grants and l•gacl•s Totsl Balance at l January 2022 Receivable during the year -Donations -Grants -Interest -Educotional events & publications 11,625 117,117 625 129,367 2,804 2,804 56,375 810 210 189,566 155,4051 111,9991 122,162 56,375 810 210 118,137 56,375 13,0301 152,3751 111,9991 103,108 11,625 3,429 Applied during the year Transfer to unrestricted funds Balance at l January 2023 Receivable during the year -Donations -Legacles -Grants -Interest -Educational events & publicatlons 11,625 4,000 3,429 9,473 50,000 9,473 50,000 50,165 2,854 319 234,973 157,6421 112,4901 164,841 50,165 2,854 319 106,281 54,165 1481 154,1651 112,4901 93,743 11,625 62,902 13,4291 Applied during the year Transfer to unrestrlcted funds Balance at 31 De¢ember 2023 11,625 59,473 comprising.. 2022 Current asset investments Cash at bank 11,625 102,211 897 103,108 625 2,804 3,429 114,461 7,701 122,162 4,000 4,000 11,625 2023 Current asset investments Cash at bank 11.625 81,361 12,382 93,743 92,986 71,855 164,841 59.473 59,473 11,625 Page 29

The Victorian Soclety Annual Report and Financial Statements Company Re8i5tration No 3940996 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 13 Restricted funds Icontlnued) The Pevsner Memorlal Essay Fund was set up to provide an Annual Prize for an essay on British architecture, art or the decorative arts In the Victorian or Edwardian period, by someone who has not been publlshed before. The Mary Heath Trust was set up according to the terms of the will of the late Mary Heath, who left her entire estate to the Society 'for the benefit of the Birmingham Group. The Trust bear5 the C05t of the Society's Blrmingham and West Midlands caseworker. Grants Historlc England provides funds towards the Society's casework in England. Cadw provides funds towards the Society's casework in Wales. The entlre amount of grants receivable is shown as applied during the year to which they relate. There is a debtor at the year end for grants not yet received whlch Is Sncluded within atcrued income, reported as part of unrestrlcted funds. One restrlcted grant was receSved durin8 2023 as deta51ed In note 212022.. three grants totalling £10,170). Thls grant, and one carried forward from 2022, was applied fully durlng the year. Restricted donatlons were received durlng 2023 as contrlbutlons toward5 the cost of the Soclety's Liverpool Street Station fightin8 fund12022- donations towards the cost of refreshing the Society's brandlng and website. 2021- a donation towards the next Issue of The Journol). A restricted legacy was received in 2023, to be used in connection with the Society's church casework. 14 Endowrnent fund The Tom Greeves Memorial Fund was established in Aprll 1999 following a Benerous gift from Eleanor Greeves Sn memory of her husband. The fund Is constituted as an expendable endowment and is to be used to Support the Society's casework. The fund is represented by investments of £116,028 (2022.. £106,114) and movements on the fund are set out In the Statement of Financial Activities. Dividend Income of £3,185 on the Fund was taken to unrestricted funds12022: £3,183). 15 Reserve5 adequacv The levels of restricted and endowment funds are consldered satlsfactory to fulfil the obligations the Soclety took on in accepting those funds. Page 30

The Vlctorian Soclety Annual Report and Financial Statements Company Registration No 3940996 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 15 Re5erve5 adequacy Icontinued) Note 12 discloses the split of unrestricted funds between fixed and current assets. For the Societv to function successfully, it must maintain an adequate level of unrestricted reserves that can be used to finance the Society's day to day operations and provide a precautionary reserve in case of fluctuations in the future level of income. The Trustees consider it prudent that the level of precautionary reserve should not be less than 12 months, expected future expenditure lexcludin8 events expenditure since this is income-generatin8 - see Note 31, plus 3n allowance for ongoing property refurbishment. At 31 December 2023, the Society's free unrestricted reserves amounted to £795,02S 12022.. £845,914), adequately in excess of this level. Our recurring deficit unfortunately increased in 2023 and the Trustees therefore continue to explore actions that can be taken both to increase income and to reduce expenditure. 16 Uverpool Street Statlon Campalgn {LISSCAI At 31 December 2023 the Society held £29,314 on trust for the Liverpool Street Station Campaign ILISSCAI. These funds have been raised to finance the campaign against plans for the redevelpment of Liverpool Street Station and the former Great Eastern Hotel and are to be applled a5 directed by a malority decision of the Campaign Committee. Since the Society holds these funds on trust for LISSCA, they are excluded from the Society's balance sheet. 17 Statutory and general Infomiatlon Thls note contalns Information requlred by the Companies Att and the Charities SORP IFRS 1021.. (ij In relotion to the statement offinanciol artlvitles In accordance with the Charities SORP IFRS 1021, the Society is required to disclose a summary income and expenditure account: 2023 2022 Total income Total expenditure Net surplus/ldeficitl for the year before gainsnosses on investments Unreolised gain5/11055esl on investment assets, excluding endowments Net surplus/ldeficitl for the year, excluding endowment funds 435,168 650,226 1445,8501 1451,1551 110,6821 199,071 1431 199,028 110,6731 No taxation Is payable a5 the Soclety is a re8lStered charity and accordingly is entitled to exemption from taxation on its charitable activities under the provisions of the Incorne and Corporation Taxes Act 1988. (li) Bolonce Sheet There were no pension or other contingencies at 31 December 2023 and 2022 other than as stated in the financial statements. The Society had no capital commitments at 31 December 202312022.. none). Page 31

The Victorlan Society Annual Report and Financial Statements Company Registration No 3940996 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 18 Balance sheet for the year ended 310ecember 2022 Unrestricted funds èstriete funds Endowmènt Total Notes TANGIBLE FIXED ASSETS INTANGIBLE ASSETS INVESTMENTS 1,183,196 3.440 84 1,186,720 1,183,196 3,440 106,198 1,292,834 106,114 106,114 CURRENT ASSETS Stock Debtors Investments Cash at bank and in hand 1,665 55,262 338,549 541,103 936,S79 1,665 55,262 453,010 548,804 1,058,741 io 114,461 7,701 122,162 CURRENT LIABILITIES Amounts falling due within one yi li 190,7491 190,7491 NET CURRENT ASSETS 845,830 122.162 967,992 TOTAL ASSETS LESS CURRENT LIABILITIES AND NET ASSETS 2,032,550 122,162 106, 114 2,260,826 Represented by.. FUNDS Unrestricted Restricted Endowment 12 2,032,550 2.032,550 122,162 106,114 2,260,826 IJ 122,162 14 106,114 106,114 Is 2,032,550 122,162 Page 32

INDEPENDENT AUDITOR'S REPORT TO THE MEM8ERS OF THE VICTORIAN SOCIETY FOR THE YEAR ENDED 31 DECEMBER 2023 Opinion We have audited the finaneial statements of The Victorian Soclety (the "Charitable Companl'l for the year ended 31 December 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Slalement and notes lo the financial slalemenls, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102.. The Financial Reporting Standard applicable irb the UK and Republic of Ireland (United Kingdom Generally AGcepled Accounting Practice). This report is made solely lo the Charitable Company's members, as a body, in accordance wlth Chapler 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the Charitable Company's members those matters we are required lo slate to them in an auditor's report and for no other purpose. To the fullest extent permilled by law, we do not accept or assume responsibility lo anyone other than the Charitable Company's membgrs as a body. for our audit work. for this report. or for the opinlons w8 have formed. In our opinion, the financial statements.. give a true and fair view of the slate of the Ctraril8ble Company's affairs as 8131 December 2023 and of its income and expenditure for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounllng Practice., have been prepared in accordance wilh the requirements of tha Companles Act 2006. Basls far oplnlon We conducted our audit In accordance wth Inlern81ion81 Standards on Auditing IUKI IISAS IUKII and applicable law. Our responslbilities under those standards are further described in the Auditor'5 responsibilities for the audit of the financi81 statements section of our report. We are independent of the Charitable Company in accordance with the ethical requirernents that are relevant lo our audit of the flnancial slalemenls in the UK, includlng the FRC'S Ethical Standard, and w8 have fulfilled our other ethical responsibilitie5 in accordance with these requiremen15. We believe ihat the audit evidenco we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclujlons relatlng to golng concom In audillng the finandal Slatemenls, we have concluded that the Injstees, use of the going concern basls of accounting in the preparation of the financial slalemenls is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going Concern for a period of 8t least twelve monlhs from when the financial slatements are aulhorised for issue. Our responsibilities and the responsibilities of the trust885 with respect to going concern are described in the relevant sections of this report. Othor Inlomiatlon The Iruslees are reSF￿n$1blè for the other information. The 0th8r infomiation comprises the informatson included in the annual report other than the financial statements and our auditor's report thereon. Our opilllon on the financial statements does not cover the olher information and. except to the extent olhenmse explicitly staled in our report. we do not express any form of assurance conclusion thereon. Page 33

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE VICTORIAN SOCIETY FOR THE YEAR ENDED 31 DECEMBER 2023 Itontlnuedl In connection with our audit of the financial 51atemenls. our responsibility is to read the other information and, in doing so. consider whether the other infoffliation is materially inconsistent with the financial 8laternents or our knowledge obtained in the audit or otherwise appears to be materially misslaled. Ir we identify such material inconsistencies or apparent material misslatemenls. we are required lo delemiine whether there is a material mi55ts1ement in the financial slalemenls or a material missiatement of the other infomialion. If, based on the work we have perfomied. we conclude that there Is a material misslalemenl of this other information. we are required to report that fact. We have nothing lo report In thls regard. Oplnlons on other mattérs prgs¢rlbed by the Companle$ A¢t 2006 In OUT oplnlon, based on the wort( undertaken in the course of the audit-. the information given in the truslees, report lincorporaling the directors, report) for the financial year for which the fingncl81 slalernenls are prepared is consislenl with the financial slatemenls.. and the trustees, report (incorporating the directors. report) have been prepared in 8ccord8nce wllh applicable leg81 requirernent5. Matters on whlch wa ara requlrnd to r•port by •xc•ptlon In the Ilghl of the knO￿edge and understanding of the Charitab18 Company and ils environment obtained in the course of the audll. we hove not identifled material misstalemenls In the Truslaes. Annual Report. We have nothlng to report in respect of th8 following maller5 in relation lo whlch the Companies Act 2006 requires us to report lo you if, in our opinion: adequate aGcounling records have not been kept or relums adequale for our audit have not been recelv8d from branches not visited by us., the financlal 81atemenls are not in agreement with the 8c¢ounllng record5 and returns.. certain disclosures of Irustee5' remuneration specified by law are not made; or we have not obtained all th8 infomiation and explanations necessary for the purposes of our audll. the Iruslees were not enlltled lo lake advantage of the small companles, axempliong in preparing the INst8es' report and from the requirement to prep8re 8 Strategic report. R8sponslbllltl8s of th¢ tru•tM$ A5 explained more fully in the Iruslees, responslbilltles stslement set out on page 16. the trustees are responsible for the preparation ol the financial slalemenls and for being satisfied that they give a true and fair vtew, and for such internal control as they determine is necessary lo enable the preparation of rinancial stalemenls that are fr8e from material misslaternenl. whether due to fraud or error. In preparing the financial slalements, the Iruslees are responsible for assessing the Charitable Company's ability to eontinue as a going concem, disclosing, as applicable, matters related lo going concern and using the going concern basis of accounting unle55 the trustees either intend to liquidate the Charitable Company or to cease operations, or have no realistic allemative but to do so. Page 34

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE vicfoRIAN SOCIETY FOR THE YEAR ENDED 31 DECEMBER 2023 Icontlnuedl Our responsibilitles for the audlt of the financlal statements OLJr objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due lo fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in a￿ordanCe with ISAS IUK) will always delecl a material misslatemenl when il exists. Misslatemenls can arise from fraud or error and are considered material if. indiviéually or in the aggregate, they could reasonably be expected lo influence the economic decisions ot users 18ken on the basls of these financial stalemenls. Extènt to whlch the audSt was capable of detecting irregulariti08, Includlng fraud Irregularilies. including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our respon5ibililies, outlined above. lo delecl material misslaternenls In respect of irregularilie5. including fraud. The 8xl8nl lo which our procedures are cap8ble of detecting irregularities. including fraud is detailed below.. Agreement of the financial Statement disclosures to Under￿.ng supporting documentation- Enquiries and confirmation of management and the Irusl8es as lo their Identification of any non- compliance with laws or regulations, or any actual or poltnlial claims; Review of rninutes of Board meetings throughout the period; incorporating unpredictability into the nature, timing andlor extent of lesling. Evaluation of the selection and application of the accounting policies chosen by the charity. In relalion lo the risk of managamenl overfde of inlem81 conlrols, by undertaking procedures lo review jOUTn81 entries and evaluating whether there was evidence of bia5 that represented a rfsk of materlal mi5s1alem8nl due lo fraud.. and We assessed the susceptibility of the charity's flnanc181 $181emenlg to material misstalemenl, including how fraud might occur by consldering the key rlsks impacting th8 finanelal slalem8nts. Our audit procedur95 werg deslgned lo respond lo risks of malerlal miss1818menl in the financlal 51alernenls, recognising th81 the risk of not detecting a material misstslemenl due lo fraud is hlgher than the lisk of not detecting one resutting from error. as fraud fflay involve deliberate concealment by, for exampl8, forgery, misrepresentations or through collusion. There are Inherent limitations in Ihe audit procedures performed and the further removed non- compliance with laws and regulations is from the events and transactions reflected in the finan¢lal slatements. the less likely we are lo become aware of11. A further descriplion of our re5ponsibililies for the audll of the financial statements 15 located on the Flnancial Reporting Council's website at.. www.frc.org.uklauditorsresponsibilitles. Thls description forms part of our auditorfs report. Katherine Dee FCA (Senior Slalulory Auditor) For and on behalf of Begbies Chartered Accountants. Stslulory Audiior 9 Bonhill Street London EC2A 4DJ Date.. 14 Page 35