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2022-03-31-accounts

The Ralph Vaughan Williams Society

Trustees’ Annual Report and Accounts

For the year ended 31 March 2022

Registered Charity Number 1156614

The Ralph Vaughan Williams Society

Year ended 31 March 2022

Reference and administrative details

Registered Charity 1156614 Honorary President Sir Andrew Davis CBE Honorary Vice-Presidents Stephen Connock MBE Hugh Cobbe OBE, FSA Roderick Williams OBE

Trustees

Simon Coombs John Francis Martin Murray Mark Hammett Graham Muncy William Hedley Graham Aslet Roy Bexon John Treadway William Vann Jonathan Pearson Christopher Batt Gaye Hadley Ronald Grames David Aston (from 22 January 2022) Andrew Green (from 30 April 2022) Malcolm Riley (from 30 April 2022)

Chairman Vice-Chairman, Treasurer & Albion Records Secretary Membership Officer & Albion Records Information Officer & Repertoire Guide Journal Editor Dorking and Leith Hill Place Liaison Officer Members’ meetings including the AGM Concert Resources Officer Music Consultant and performer Complete Discography Leith Hill Place exhibition adviser Merchandising Critical Discography Incoming Membership Officer Online presentations Albion Records

Officers

Tadeusz Kasa Karen Fletcher

Website and Design Publicity and Events

Principal Office

c/o John Francis North House, 198 High Street Tonbridge, Kent TN9 1BE

Bankers

Barclays Bank plc PO Box 33 Oxford OX1 3HS

Independent Examiner

Trevor Lane Director in M N Jenks & Co Limited 72 Commercial Road, Paddock Wood Kent TN12 6DP

Website

www.rvwsociety.com

1

The Ralph Vaughan Williams Society Review of activities and outlook for the coming year

RVW150

Ralph Vaughan Williams was born on 12 October 1872, so 2022 marks his 150[th] birthday. The Society is playing its part in anniversary celebrations beginning in 2022 and continuing into 2023.

Membership

Membership numbers continue to grow. Since reaching the 1,000-member milestone for the first time in the Society’s history in 2021, we are encouraged to see an ongoing upward trend with a membership of 1,061 at the time of writing. As ever, the continued support of our members is greatly appreciated.

Albion Records

Albion has played a major part in the anniversary celebrations, releasing eight albums in the year ended 31 March 2022, and several more planned for the coming year. Details and critical reviews can be found on the website. Releases last year were:

2

The Ralph Vaughan Williams Society Review of activities and outlook for the coming year

Pan’s Anniversary – a musical setting of Ben Jonson’s masque last heard in Stratford-upon-Avon on Easter Monday, 1905. William Vann conducts Clare College Choir, Britten Sinfonia (leader Thomas Gould), with Mary and Sophie Bevan, Jess Dandy and Johnny Herford.

Vaughan Williams on Brass will be released in August. Martyn Brabbins and Ian Porthouse conduct the Tredegar Brass Band in the Tuba Concerto (solo Ross Knight), 49[th] Parallel Suite , Variations for Brass Band, Henry the Fifth and other works.

The RVW150 Publication

To celebrate the 150th anniversary of Ralph Vaughan Williams in 2022, the Mark Allen Group published an official Collectors’ Edition celebrating the composer’s life and works, in association with the Ralph Vaughan Williams Society. The initiative of Publicity Officer Karen Fletcher, the idea was welcomed with enthusiasm by Maggie Hamilton, Editor of Choir & Organ . A number of committee members contributed to the publication, combining articles previously published in the Journal with new articles written specially.

A feature on ‘The Unknown Vaughan Williams’ pointed the way towards lesser known works, while performers wrote about their experiences of performing, variously, the Piano Concerto and art songs. The Society’s President, Sir Andrew Davis, wrote the foreword, while many more conductor champions of the composer supplied personal quotes.

Albion Records supplied a cover CD with 26 tracks selected from its back-catalogue, and this has been well received. The initial print run was 5,000 and we understand that what we have (somewhat reluctantly) learned to call the ‘bookazine’ has been more than meeting sales expectations.

A new commission

The Society has commissioned a song cycle from composer Ian Venables to celebrate the anniversary. He is setting five poems for tenor and piano quintet, by poets associated with Vaughan Williams and his music. This new cycle will be first performed at the Oxford Lieder Festival, and will be recorded by Albion Records in November.

Other events, performances and recordings

Andrew Green presided over two online events during the year. The first was a discussion of The Lark Ascending on 14 June 2021, the centenary of its first performance. Not Lambkins Frisking was another ‘performance centenary’ event for Society members and friends on 26 January 2022, in which Andrew was joined by Jessica Meyer (University of Leeds) and David Stevenson (LSE) in considering Vaughan Williams’s Pastoral Symphony as a response to war.

Both events were well-attended via Zoom and YouTube.

3

The Ralph Vaughan Williams Society Review of activities and outlook for the coming year

The Vaughan Williams ‘conductor champions’ continued to perform his works, including:

Rarely heard works included performances of the Concerto for Two Pianos with soloists Noriko Ogawa and Kathryn Stott, with the BBC Symphony Orchestra and conductor Jordan De Souza; and Benedicite , with the City of London Choir and RPO under Hilary Davan Wetton. The Investec International Music Festival in the Surrey Hills programmed An Oxford Elegy and the Romance & Pastorale in an orchestral arrangement by David Matthews.

New recordings included the live performances of Symphonies 4 and 6 given by Sir Antonio Pappano and the London Symphony Orchestra from the Barbican Hall, London.

Some highlights of the many performances of works by RVW and other anniversary events during the coming year include:

The Hallé Orchestra and the BBC Philharmonic have combined forces to present a complete cycle of the nine symphonies (and a number of additional works including Job and On Wenlock Edge ) at Bridgewater Hall, Manchester, in 2022. Conductors include Mark Wigglesworth, Sir Andrew Davis, John Wilson and Sir Mark Elder. This was broadcast over six programmes on BBC ‘Radio 3 in Concert’, as part of the ongoing ‘Ralph Vaughan Williams at 150’ - three months of special programming including a whole month of ‘Composer of the Week’. Many Albion records tracks were broadcast within this broad range of programming.

The 2022 Proms season features works including The Tallis Fantasia , the Fourth Symphony, A Sea Symphony , the Oboe Concerto, the Tuba Concerto and The Lark Ascending .

Many festivals, including the London Song Festival and the London English Song Festival, will have Vaughan Williams as their featured composer, and the Society’s own Song Prize will once again be presented at the Wigmore Hall Song Competition in September 2022.

The anniversary celebrations continue into 2023 when the Three Choirs Festival in Gloucester will have significant Vaughan Williams content.

4

The Ralph Vaughan Williams Society Review of activities and outlook for the coming year

Publications

OUP produced a new edition of Sir John in Love ; ‘Scott of the Antarctic’ - The Composer’s Cut , and David Child’s arrangement of the Tuba Concerto for Tenor Tuba / Euphonium. ‘Vaughan Williams for Choirs’ was a two-volume collection compiled and arranged by John Leavitt, featuring well-loved and lesser-known songs, anthems, and carols.

The 2021 AGM

The Society returned to Charterhouse School for the 2021 AGM, where the Vaughan Williams Singers gave a recital. A recording of the meeting (but not the recital) was made available to members unable to attend in person via YouTube.

The Society Journal

The Journal, under the editorship of William Hedley, is published three times a year, and is a major benefit of membership. Topics covered in the last year included Gervase Elwes and his ‘rescue’ of On Wenlock Edge ; thoughts on Lord, thou hast been our refuge ; Sancta Civitas ; Dona Nobis Pacem ; the Hymns; piano works; O Vos Omnes ; and An Oxford Elegy .

E-Newsletter and social media

The Journal is supplemented by an occasional e-newsletter, researched and co-ordinated by the Publicity Officer, Karen Fletcher, which carries selected forthcoming concert listings and other miscellaneous news relating to the composer. Karen also manages an ever-expanding worldwide following on the Society’s Twitter and Facebook pages.

Website

Our website (www.rvwsociety.com) is a regular news source, a sales outlet (including facilities for paying members’ subscriptions) and a mine of information about Ralph Vaughan Williams and his music. This is a central and essential part of the Society’s offering. The webmaster keeps the website constantly under review.

Publications and research

Our Complete Discography, prepared and maintained by trustee Jonathan Pearson, is available on the Society’s website and updated three or four times a year.

The Vaughan Williams bibliography, edited by David Manning, can be downloaded from the website.

The first half of Ronald Grames’s ‘Critical Discography’ (dealing with symphonies and other orchestral music, music for wind and brass bands, and chamber music) can now be found on the Society’s website, with the second half to follow later.

The 2022 AGM

The 2022 AGM will be held on Sunday, 16 October, 2022 in the David Josefowitz Recital Hall at the Royal Academy of Music, London. Guest speakers will be our President, Sir Andrew Davis, and baritone Sir Thomas Allen. We hope to be able to arrange a live online transmission of the AGM for those not able to attend in person.

A note from the Chairman

Meetings, performances and recordings have been made very difficult over the past two years by the Coronavirus pandemic. We celebrate being able to meet in person and attend concerts once more.

5

The Ralph Vaughan Williams Society Review of activities and outlook for the coming year

The Society has had another successful year and I am grateful, as always, to the trustees and officers who have worked tirelessly.

The number of Society members continues to increase, and new members are warmly welcomed. Mark Hammett has done a tremendous job as Membership Officer for many years, but he intends shortly to take on a new role within the board of trustees and I welcome David Aston as he takes on this vital responsibility.

I also welcome Andrew Green and Malcolm Riley as our newest trustees. Andrew specialises in Zoom presentations about Vaughan Williams’s works, while Malcolm is an organist and all-round musician who will be supporting John Francis with his Albion Records work. John has had a successful year running Albion Records, with great support from William Vann, Mark Hammett and others; Albion has achieved excellent sales and many outstanding reviews.

The 2022 celebrations have been organised by a sub-committee and Karen Fletcher, John Treadway, Graham Muncy and Christopher Batt have made important contributions to this work. Tad Kasa has continued to develop the website, and the ‘concerts’ section of this has been reinstated to enable members to track events in this special year.

Christopher Batt is leading the Society’s Finding Vaughan Williams project, indexing a wide range of resources via a new website, which we expect to go ‘live’ in 2022.

William Hedley edits the Journal and he is supported by all those who write for it, and our secretary, Martin Murray, whose precise proof-reading keeps us all in line. Thanks, also, to Roy Bexon, who has organised our AGMs for some years but is now retiring, to Jonathan Pearson and Ronald Grames, who work on our complete and critical discographies, Gaye Hadley who manages merchandise including the new sweatshirts, and Graham Aslet, who has stood down as Chairman of the Leith Hill Musical Festival committee and is also retiring from the Board of Trustees this year.

Later this year we shall see a new Vaughan Williams memorial window in All Saints Church, Down Ampney. The Society sponsored this project at an early stage (March 2019), and I look forward to seeing Tom Denny’s stained glass designs in the church.

We work closely and co-operatively with Hugh Cobbe and Sally Groves of the Vaughan Williams Charitable Trust and the RVW Trust – related organisations that have played a major part in the VW150 celebrations – and with Chris Cope, Chairman of the Gustav Holst Society. It is a privilege to share this great celebration with them.

I look forward to seeing many of you at the 2022 AGM, and at the celebratory concerts still to come.

Simon Coombs Chairman

L to R: Graham Ross, William Vann, Samuel West, Timothy West, Johnny Herford, Mary & Sophie Bevan recording Pan’s Anniversary and Margery Wentworth

6

The Ralph Vaughan Williams Society Trustees’ Report

The trustees present their annual report and financial statements of the charity for the year ended 31 March 2022. The trustees confirm that the report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity’s governing document and the provisions of Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland. The Legal and Administrative information on page 1 forms part of this report.

Objects and activities

The object of the Society is to advance education for the benefit of the public through the promotion of the life and work of Ralph Vaughan Williams, in particular by:

In setting objectives and planning for activities, the trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit.

The Society organises meetings and concerts on an occasional basis. Its recording subsidiary, Albion Records, makes and publishes recordings. The Society has been instrumental in promoting recordings of RVW’s works made by other recording labels. The Society’s work is promoted by means of the Journal, published three times a year and free to members.

Structure, governance and management

The charity is called The Ralph Vaughan Williams Society and is registered with the Charity Commission as number 1156614. It is also known by its alternative name, The RVW Society.

The charity was formed in 1994 as an unincorporated association. It was re-registered as a Charitable Incorporated Organisation (CIO) on 10 April 2014 and the current Constitution may be found on the Society’s website.

Trustees and Officers of the Society who served during the year are detailed on page 1 of this report. Trustees are elected by members at the Annual General Meeting, which is open to all members. New trustees are recruited generally by invitation, or by seeking volunteers at general meetings. New trustees are briefed on their legal obligations under charity law, the Charity Commission guidance on public benefit, and made aware of the charity’s constitution, decisionmaking processes and financial position. The trustees meet three times per year and are responsible for all operating decisions.

Vice-Presidents

The trustees regret to report the death of Mrs Joyce Kennedy on 1 July 2021.

More happily, Hugh Cobbe of the Vaughan Williams Charitable Trust and Roderick Williams both felt able to accept our invitation to become Vice-Presidents of the Society.

Achievements and Performance

The review of activities commencing on page 2 forms part of this report.

Financial review

Income from subscriptions was 7.3% more than that for the preceding year at £24,088. With many new albums released in the year, total recording sales were £42,124, an increase of 49.7%.

7

The Ralph Vaughan Williams Society Trustees’ Report

Grants from the Vaughan Williams Charitable Trust and from members and supporters for forthcoming recordings amounted to more than £26,000 before adding Gift Aid.

Bank balances fell to £68,409 from £93,177 a year earlier, largely because of planned recording costs.

A surplus of £4,422 arose on General Fund, before transferring £20,000 to the Albion Fund (for recordings). The General Fund stands at £27,094. The total of unrestricted funds is £68,284.

Risks and Reserves

The trustees have reviewed the risks to which the Society is exposed and consider them to be relatively few. The Society has a steady income stream and sufficient reserves to deal with financial risks.

The General Reserve is adequate to meet day to day working capital requirements, which are estimated to be about £20,000 to £25,000. We have additional uncommitted reserves which we hope to use on musical projects including future Albion recordings.

Statement of trustees’ responsibilities

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website.

Independent Examiner

The re-appointment of Mr Trevor Lane FCA, director in M N Jenks & Co Limited, Chartered Accountants, as our Independent Examiner will be proposed at the Annual General Meeting.

Signed on behalf of the trustees:

Simon Coombs Chairman

24 May 2022

8

The Ralph Vaughan Williams Society Independent Examiner’s Report

Independent Examiner’s Report to the trustees of The Ralph Vaughan Williams Society Group (‘the Group’)

I report to the charity trustees on my examination of the consolidated accounts of the Group comprising The Ralph Vaughan Williams Society (‘the Charity’) and its subsidiary undertaking for the year ended 31 March 2022.

Responsibilities and basis of report

As the trustees of the Charity you have chosen to prepare consolidated accounts for the Group and are responsible for the preparation of those accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’). You are satisfied that the accounts of both the Charity and the Group are not required by charity law to be audited and have chosen instead to have an independent examination.

I report in respect of my examination of the consolidated accounts. I have carried out my examination under section 145 of the 2011 Act. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the consolidated accounts present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that:

  1. accounting records, with respect to the Charity, were not kept as required by section 130 of the 2011 Act and, with respect to its subsidiary, were not kept as required by section 386 of the Companies Act 2006; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.

Trevor Lane FCA

24 May 2022

Director, M N Jenks & Co Limited, Chartered Accountants 72 Commercial Road, Paddock Wood, Kent TN12 6DP

9

The Ralph Vaughan Williams Society Consolidated Statement of Financial Activities For the Year ended 31 March 2022

Unrestricted
Restricted
Funds
Funds
Total
Income and Expenditure
2022
2022
2022
Note
£
£
£
Incoming resources
Subscriptions
24,088
-
24,088
Donations
-
26,134
26,134
Gift Aid recoveries
3,285
1,935
5,220
Miscellaneous sales
708
-
708
Recording sales
-
42,124
42,124
Income from events
-
-
-
Interest received
238
-
238
Total incoming resources
28,319
70,193
98,512
Expenditure on charitable activities
Events
3
607
-
607
Meetings including the AGM
745
-
745
Journal & publications
11,059
-
11,059
Binders and goods for sale
802
-
802
Grants
4
6,300
-
6,300
Leith Hill Place costs
-
-
-
Recording costs
-
96,536
96,536
Stationery and postage
211
4,845
5,056
Depreciation
-
332
332
Insurance
405
-
405
Marketing and advertising
2,516
100
2,616
Travel expenses
24
411
435
Bad debts
-
7
7
Sundry expenses including web
costs
624
248
872
Credit card/bank charges
604
-
604
Total Expenditure
23,897
102,479
126,376
4,422
( 32,286)
( 27,864)
Transfers between funds
8
( 20,000)
20,000
-
Funds brought forward
83,862
14,188
98,050
Funds carried forward
8
68,284
1,902
70,186
Net incoming resources		 Total
2021
£
22,444
12,236
3,483
538
28,144
-
308
67,153
-
30
10,126
442
9,000
-
47,258
3,503
333
320
5,015
160
( 12)
831
377
77,383
( 10,230)
-
108,280
98,050

10

The Ralph Vaughan Williams Society Balance Sheet at 31 March 2022

Balance Sheet at 31 March 2022
Note
FIXED ASSETS
5
CURRENT ASSETS
Stock and work in progress
6
Debtors
Gift Aid tax recoverable
VAT recoverable
Prepaid expenses
Balance due from subsidiary
Cash at bank
CURRENT LIABILITIES
Commitments for grants
4
Sundry creditors and accruals
Deferred income
7
NET CURRENT ASSETS
NET ASSETS
representing:
Unrestricted funds:
General Fund
Legacy Fund
Contingency Fund
Restricted funds:
Albion Fund
TOTAL FUNDS
8		 Consolidated
with subsidiary
2022
2021
£
£
-
332
11,419
12,702
8,497
8,643
5,306
3,476
738
230
590
1,149
-
-
68,409
93,177
94,959
119,377
11,000
9,000
2,073
1,529
11,700
11,130
24,773
21,659
70,186
97,718
70,186
98,050
27,094
42,672
31,190
31,190
10,000
10,000
68,284
83,862
1,902
14,188
70,186
98,050		 The Ralph Vaughan
Williams Society only
2022
2021
£
£
-
-
600
150
-
-
5,306
3,476
-
-
-
-
21,566
24,311
66,214
90,243
93,686
118,180
11,000
9,000
800
-
11,700
11,130
23,500
20,130
70,186
98,050
70,186
98,050
27,094
42,672
31,190
31,190
10,000
10,000
68,284
83,862
1,902
14,188
70,186
98,050
150
-
3,476
-
-
24,311
90,243
118,180
9,000
-
11,130
20,130
98,050
98,050
42,672
31,190
10,000
83,862
14,188
98,050

These accounts were approved by the trustees on 24 May 2022 and signed on their behalf by:

John Francis

Treasurer

11

The Ralph Vaughan Williams Society Notes to the Accounts for the Year ended 31 March 2022

1 ACCOUNTING POLICIES

Basis of preparation and assessment of going concern

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities (Accounts and Reports) Regulations 2008, and the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

The accounts are presented in pounds sterling and rounded to the nearest pound.

The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

The accounts consolidate the accounts of the charity with those of the subsidiary company, Albion Records. Intra-group transactions and balances are fully eliminated on consolidation.

Income recognition

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Membership income is accounted for on an accruals basis, so that it is amortised over the membership period to which it relates.

Sales and costs of recordings and publications are accounted for on an accruals basis.

It is not considered possible to quantify the value of donated services and facilities, or the value of services provided by volunteers, who mainly comprise trustees and officers of the charity.

Expenditure recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis.

Grants to other charities and amateur groups to assist with the cost of musical events are recognised when the Society makes an unconditional commitment to pay the contributions.

VAT

The charity is not registered for VAT. Irrecoverable VAT is included in the related expenses. The subsidiary company, Albion Records, is registered for VAT.

12

The Ralph Vaughan Williams Society Notes to the Accounts for the Year ended 31 March 2022

1 ACCOUNTING POLICIES (continued)

Stock and work in progress

Stock and work in progress are recorded at the lower of cost net realisable value. Grants and donations received for recordings are deducted from the total cost. Recordings sell quickly when first released, but more slowly thereafter, so the remaining stocks of older recordings are written down to a nominal value. Recordings in progress are accounted for as work in progress at the lower of cost less grants received and the estimated recoverable value in the normal course of business.

Funds structure

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor. The Albion Fund deals with recordings, costs for which are supported by many donors.

Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have created a fund for a specific purpose.

2 EMPLOYEES, TRUSTEES AND RELATED PARTY TRANSACTIONS

There were no employees during the year ended 31 March 2022. None of the trustees received any remuneration during the year.

any remuneration during the year.
Travelling expenses
Meetings
Recording costs
Postage and CD fulfilment
Four (2021 three) trustees and officers were
reimbursed expenses as follows:		 2022
£
308
176
1,894
3,713
6,091		 2021
£
227
58
585
1,984
2,854

The Society periodically asks members to support new recordings financially, and that support is gratefully received. Several of the trustees have contributed to recent appeals, but have asked that their individual contributions should not be published.

13

The Ralph Vaughan Williams Society Notes to the Accounts for the Year ended 31 March 2022

3
EVENTS
2022
Income
£
Joint concert with Holst Society in
Gloucester
180
Oxford CD launch
-
David Briggs organ recital,
Groombridge
1,000
1,180
(1,787)
Net expense
(607)
4
GRANTS
Grants paid in the year:
British Art Song Competition
Contribution to a Holst recording
City of London Choir -Fantasia on Old 104th
Broomdasher -Pub to Pulpit
Commitments outstanding at the year end:
English Music Festival 2022
Ian Venables - commission for a new work for 2022
(still unpaid at 31 March 2022)
5
FIXED ASSETS
Held by Albion Records:
Storage facility at cost
Depreciation to date
Net Book Value at 31 March 2022		 2022
Expenses
£
705
82
1,000
1,787		 2021
Income
£
-
-
-
-
-
-
2022
£
800
1,000
2,000
500
2,000
-
6,300
Leasehold
Property
£
1,664
( 1,664)
-		 2021
Expenses
£
-
-
-
-
2021
£
-
-
-
-
-
9,000
9,000

14

The Ralph Vaughan Williams Society Notes to the Accounts for the Year ended 31 March 2022

6
STOCK AND WORK IN PROGRESS
Held by the Society:
Stocks of goods for sale
Held by the trading subsidiary, Albion Records:
Stock of CDs for sale
Costs for new recordings in progress
Total stocks and work in progress
7
DEFERRED INCOME
Group and Society:
Deferred membership income		 2022
£
600
198
10,621
10,819
11,419
2022
£
11,700
11,700		 2021
£
150
294
12,258
12,552
12,702
2021
£
11,130
11,130

8 FUNDS

Two unrestricted designated funds have been set up. The Legacy Fund is available to fund any project falling within the charity's objects. Such projects may include audio and video recordings. A sum has been set aside in a Contingency Fund, to be called upon only in an emergency.

The Albion Fund is a restricted Fund, used primarily to support the charity's recording subsidiary, Albion Records.

Unrestricted funds:
General Fund
Legacy Fund
Contingency Fund
Total Unrestricted Funds
Restricted funds:
Albion Fund
Total funds		 Brought
forward
£
42,672
31,190
10,000
83,862
14,188
98,050		 Net
Incoming
resources
£
4,422
-
-
4,422
( 32,286)
(27,864)		 Transfers
between
funds
£
( 20,000)
-
-
( 20,000)
20,000
-		 Carried
forward
£
27,094
31,190
10,000
68,284
1,902
70,186

15