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 admin@vicloriansociely.org.uk
Web viclorian50ciety.org.uk
Rggistorad Charity
No 1081435
Company Registration
No 3940996
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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)
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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
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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.
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The Victorian 5oclety Annual Report and Financial Statements
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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
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The Virtorlan Soclety Annual Report and Financial Statements
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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.
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The Victorian Society Annual Report and Financial Statements
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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.
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The Virtorlan Soclety Annual Report and Financial Statements
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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.
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The VirtDrlan Society Annual Report and Financial Statements
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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 020 8747 5890 or emall
admSn@victoriansociety.org.uk.
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.
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The Victorian Society Annual Report and Financial Statements
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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
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