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← The Ralph Vaughan Williams Society

2025-03-31-accounts

The Ralph Vaughan Williams Society

Trustees’ Annual Report and Accounts

For the year ended 31 March 2025

Registered Charity Number 1156614

The Ralph Vaughan Williams Society

Year ended 31 March 2025 Reference and administrative details

Registered Charity 1156614 President Martyn Brabbins Honorary Vice Presidents

Stephen Connock MBE Hugh Cobbe OBE, FSA Roderick Williams OBE

Trustees

John Francis Martin Murray Mark Hammett Nathan Steele (from 14 Sept. 2024) David Aston Graham Muncy William Hedley William Vann Jonathan Pearson Gaye Hadley Ronald Grames Andrew Green Malcolm Riley Paul Sarcich (from 26 April 2024) Simon Wright (from 14 Sept. 2024) Andrew Slater (from 14 Sept. 2024) Howard Rogers (from 26 April 2025)

Chairman Vice Chairman and Secretary Vice Chairman and meetings including the AGM Treasurer Membership Officer Information Officer & Repertoire Guide Journal Editor (to June 2025) Music Consultant and performer Complete Discography Merchandising Critical Discography Online presentations Albion Records (with John Francis) Journal Designer Proof-reading Website and e-commerce Journal Editor (from October 2025)

Officers

Tadeusz Kasa Karen Fletcher

Website 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

President

Sir Andrew Davis was the Society’s President until his death on 20 April 2024. He was a good friend to the Society, and performed and recorded the music of Ralph Vaughan Williams throughout a distinguished career.

The appointment of Martyn Brabbins as the new President was announced at the 2024 Annual General Meeting. Mr Brabbins conducted an acclaimed production of The Pilgrim’s Progress at English National Opera in 2012. Since then he has made many Vaughan Williams recordings, including a complete symphony cycle, and two albums with Albion Records – one of which was nominated for a Grammy Award.

Membership

Membership stood at 1,051 at the end of March 2025, a net growth of three from the previous year’s figure of 1,048. The support of members is vital to the Society and is much appreciated. During the year, we introduced life membership, which has been taken up by a number of members.

Events

Larks Ascending – The Society has joined forces with the Wildlife Sound Recording Society (WSRS) and the British Library's Wildlife and Environmental Sounds collection to gather examples of skylark song from across the UK and further afield, to benefit researchers and composers.

Albion Records released three albums:

“This new remastering reveals more than ever before: crisp, authoritative playing, the bustling atmosphere of the fair, the delightful young voices of Mary Lewis and Tudor Davies as the lovers. Intelligently edited libretto, excellent notes, and bonus folk song arrangements.” Andrew McGregor

“With excellent transfers and comprehensive notes by Grames, I would rate this as a significant reissue.”

Rob Cowan, Gramophone (Editor’s Choice).

2

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

Albion’s recording plans for the coming year include:

Albion’s album Portraits of a Mind was shortlisted for a Gramophone Award. This album includes an eponymous song cycle by Ian Venables, one of Britain’s most distinguished composers and a master of song composition. It was commissioned by the Society as part of the celebrations for Vaughan Williams’s 150[th] anniversary, and performed (with Vaughan Williams’s Four Hymns and On Wenlock Edge ) by tenor Alessandro Fisher, with William Vann, piano, and the Navarra Quartet.

3

The Ralph Vaughan Williams Society

Review of activities and outlook for the coming year

Other Recordings

Andrew Manze won Gramophone's 2024 Orchestral Award for the recording of Job, Old King Cole and The Running Set with the Royal Liverpool Philharmonic on the Onyx label.

The recording of An Oxford Elegy for Signum Records, featuring Rowan Atkinson with the Choir of Queen’s College, Oxford and the Britten Sinfonia under Owen Rees was Jeremy Dibble's Gramophone 2024 'Critic's Choice'.

Works that Vaughan Williams left incomplete - The Future (a setting of a poem by Matthew Arnold) and The Steersman (a discarded movement from A Sea Symphony ) – featured on an album from Dutton with BBC SO and Chorus under Martin Yates, which was Geraint Lewis's Gramophone 2024 'Critic's Choice'.

Geraint Lewis charted the emergence of Symphony No. 9 for Gramophone in recordings and discovered “a summative, valedictory work of uncommon power”. His top choice was the recording made by our late President Andrew Davis with the Bergen Philharmonic. The recommendation in our own Critical Discography – Bryden Thompson with the LSO – was his ‘fast choice’ for its drive and energy.

PERFORMANCES

Symphony cycle by Sir Antonio Pappano with the LSO

Sir Antonio Pappano brought a searing performance of Symphony No.9 to a packed house at the Barbican when he conducted the LSO, continuing his RVW symphony cycle. This was followed by A Sea Symphony with Masabane Cecilia Rangwanasha, soprano and Will Liverman, baritone.

Filipino-Finnish conductor Tarmo Peltokoski is the latest to champion RVW and his performances included: Sinfonia Antartica with the Rotterdam Philharmonic Orchestra; Symphony No. 4 with the Toronto Symphony Orchestra, and A Sea Symphony with the Orchestre National du Capitole de Toulouse, with performers Chen Reiss, soprano, Sir Simon Keenlyside, baritone and Orfeón Donostiarra.

Sir Simon Rattle conducted Symphony No. 5 with the LSO at the Barbican. Andrew Manze conducted his ever-popular all-Vaughan Williams programme with the Hallé in Manchester, Sheffield and Kendal, which included The Wasps Overture ; Fantasia on a Theme by Thomas Tallis ; The Lark Ascending (Roberto Ruisi, Violin), and Symphony No. 5. Ryan Wigglesworth conducted Symphony No. 4 with the BBC Scottish SO. Sakari Oramo took Job back to his home country with the Finnish Radio SO. Simone Young conducted the Pastoral Symphony with Sydney SO at the Sydney Opera House.

A world premiere performance of Richard II - A Concert Fantasy (arranged by Nathaniel Lew) took place at the English Music Festival with the BBC Concert Orchestra under Martin Yates.

4

The Ralph Vaughan Williams Society

Review of activities and outlook for the coming year

In Beverley, Yorkshire, as part of the New Paths Spring Music Festival, there was a performance of the Society’s Commission from Ian Venables, Portraits of a Mind , for tenor, string quartet and piano, sung by Alessandro Fisher, tenor.

The Poisoned Kiss was produced by New London Opera, while an adaptation of Riders to the Sea went on a UK tour with Opera Up Close, in a new orchestration by Michael Betteridge.

Online events

Andrew Green’s ‘Guest of the month’ interviews for YouTube have continued. Guests in the year ending March 2025 were David Temple, Sakari Oramo, Matthew Best and Rebecca Evans, Julian Onderdonk, Paul Spicer, our new President Martyn Brabbins, Howard Griffiths, Cynthia Koledo DeAlmeida, William Vann, Simone Young and Andrew Manze.

All these interviews are still available to watch on the Society’s YouTube channel, and more are planned for the coming year.

Wigmore Song Competition

Once again, we presented the Vaughan Williams Society Prize for the best interpretation of songs in English by a British composer as part of the 2024 Wigmore Hall/Bollinger International Song Competition at Wigmore Hall, London. The winner was the Swiss baritone, Joël Terrin, seen here receiving the prize from John Francis.

E-Newsletter and social media

The Journal is supplemented by an occasional e-newsletter, researched and co-ordinated by our 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.

Websites

Our main website ( 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. During the past year we have modernised our use of e-commerce.

The Society’s second website, findingvaughanwilliams.uk, bringing together in one place details of the wide range of information and resources held by institutions across the UK, remains in place, and its content has been added to the main website.

5

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

The Society Journal

The Journal is published three times a year. Topics covered in the last year include Hugh the Drover , Sir Roger Norrington on the symphonies, The Lark Ascending , a review by Herbert Howells, a study of symmetry in A Cradle Song , Elgar, Vaughan Williams and the Italian Riviera, the Rumpelstiltskin songs, Vaughan Williams on Beethoven’s Choral Symphony, Michael Mullinar, and Sir John in Love (with the Clarion Singers).

We express our grateful thanks and congratulations to William Hedley, who has edited 62 editions of the Journal from February 2005 to June 2025. He retires as Editor this year, and we are pleased that he continues as a trustee.

The new Editor will be Howard Rogers, who takes over from the October 2025 edition.

Publications and resources

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

The Vaughan Williams bibliography , edited by the late David Manning, can be downloaded from the website. If anybody would like to assume its maintenance, please contact the Chairman.

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 be found on the Society’s website, with the second half to follow in due course.

The 2025 Annual General Meeting

The 2025 AGM will be held in the Trefusis Hall at Cecil Sharp House, 2 Regent’s Park Road, London NW1 7AY on Saturday, 18 October 2025. Our President, Martyn Brabbins, is joining us for a discussion afterwards.

A note from the Chairman

I am now halfway through my allotted three years as Chairman – a position that I took on with the intention of building a succession for the board of trustees. With the recent or forthcoming accessions of Nathan Steele as Treasurer, Howard Rogers as Editor, Paul Sarcich as Journal setter, and Andrew Slater running e-commerce on the website, I believe that the Society’s critical functions are in safe hands.

There is not enough space to list them all here, but I offer my sincere thanks to all the trustees, who labour on, sometimes without much by way of public recognition; I assure them that their efforts are appreciated by me and by everybody.

The members are supportive in so many ways – both in volunteering and with money. Thank you all.

John Francis Chairman

6

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

Some of the more important recordings from 2024

Jordan Bak - Cantabile: Anthems for Viola Including the Vaughan Williams Romance

Alexandre Beuchat, Marija Bokor Songs of Travel

Verdi Quartet The Complete String Quartets

Philip Dukes, Nat. Symphony Orchestra Elegy - Concerto Grosso, Five Variants

Roderick Williams, Susie Allan A Birthday Garland

James Gilchrist, Mark Baigent Including the Ten Blake Songs

Timothy Ridout (viola) A Lionel Tertis Celebration

Siân Philipps, Per Rundberg Including The Lark Ascending & Romance

7

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 2025. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and 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 (FRS102). 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. 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.

A standing committee (Chairman, Vice-Chairmen, Membership Officer and Treasurer) also meets three times a year to prepare for trustees’ meetings and to administer day to day matters.

Achievements and Performance

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

Financial review

Income from subscriptions was £278 more than that for the preceding year at £25,218. Total recording sales were £25,697 – 39% more than the previous year, reflecting a greater number of new albums. Grants from members and supporters for forthcoming recordings amounted to £20,943 before adding Gift Aid.

Bank balances increased from £89,264 at 31 March 2024 to £106,071 at 31 March 2025.

8

The Ralph Vaughan Williams Society

Trustees’ Report

Expenditure on grant support included a grant of £3,100 for repairs to the organ at Down Ampney (most of this contributed by members in response to an appeal) and was thus double the amount for the previous year.

The General Fund made a surplus of £3,576 (2024 £13,029). From this, £3,000 has been transferred to the Albion Fund, to assist with upcoming recording costs. The General Fund now stands at £35,483. The total of unrestricted funds is £76,673.

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:

Martin Murray Vice Chairman

Mark Hammett Vice Chairman

29 May 2025

9

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 2025.

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

29 May 2025

10

The Ralph Vaughan Williams Society Consolidated Statement of Financial Activities For the Year ended 31 March 2025

Unrestricted
Restricted
Funds
Funds
Total
Income and Expenditure
2025
2025
2025
Note
£
£
£
Incoming resources
Subscriptions
25,218
-
25,218
Donations
-
20,943
20,943
Gift Aid recoveries
3,850
2,734
6,584
Donations for Organ Fund
2,100
‐
2,100
Legacies
-
-
-
Miscellaneous sales
349
-
349
Recording sales
-
25,697
25,697
Income from events
3
-
-
-
Interest received
2,929
-
2,929
Total incoming resources
34,446
49,374
83,820
Expenditure on charitable activities
Events
3
-
-
-
Meetings including the AGM
2,189
-
2,189
Journal & publications
13,949
-
13,949
Binders and goods for sale
484
-
484
Grants
4
6,100
-
6,100
Wigmore Song Prize
2,184
-
2,184
Scores
1,400
-
1,400
Recording costs
-
57,126
57,126
Stationery and postage
1,121
2,719
3,840
Insurance
520
-
520
Marketing and advertising
1,564
-
1,564
Travel expenses
164
322
486
Bad debts
-
28
28
Sundry expenses including web
costs
556
34
590
Bank and PayPal charges
639
-
639
Total Expenditure
30,870
60,229
91,099
3,576
( 10,855)
( 7,279)
Transfers between funds
7
( 3,000)
3,000
-
Funds brought forward
76,097
29,471
105,568
Funds carried forward
7
76,673
21,616
98,289
Net incoming resources		 Total
2024
£
24,940
21,869
7,298
-
3,000
780
18,531
915
2,380
79,713
623
1,004
14,906
230
3,000
-
-
34,353
2,645
475
320
253
177
718
619
59,323
20,390
-
85,178
105,568

11

The Ralph Vaughan Williams Society Balance Sheet at 31 March 2025

Note
CURRENT ASSETS
Stock and work in progress
5
Debtors
Gift Aid tax recoverable
VAT recoverable
Balance due from subsidiary
Cash at bank
CURRENT LIABILITIES
Commitments for grants
4
VAT payable
Sundry creditors and accruals
Deferred income
6
NET ASSETS
representing:
Unrestricted funds:
General Fund
Legacy Fund
Contingency Fund
Restricted funds:
Albion Fund
TOTAL FUNDS
7		 Consolidated
with subsidiary
2025
2024
£
£
1,832
20,504
5,893
3,585
6,561
7,096
-
1,237
-
-
106,071
89,264
120,357
121,686
6,100
2,500
993
-
2,079
1,598
12,896
12,020
22,068
16,118
98,289
105,568
35,483
34,907
31,190
31,190
10,000
10,000
76,673
76,097
21,616
29,471
98,289
105,568		 The Ralph Vaughan
Williams Society only
2025
2024
£
£
-
-
-
-
6,561
7,096
-
-
13,954
28,085
96,920
84,907
117,435
120,088
6,100
2,500
-
-
150
-
12,896
12,020
19,146
14,520
98,289
105,568
35,483
34,907
31,190
31,190
10,000
10,000
76,673
76,097
21,616
29,471
98,289
105,568		 The Ralph Vaughan
Williams Society only
2025
2024
£
£
-
-
-
-
6,561
7,096
-
-
13,954
28,085
96,920
84,907
117,435
120,088
6,100
2,500
-
-
150
-
12,896
12,020
19,146
14,520
98,289
105,568
35,483
34,907
31,190
31,190
10,000
10,000
76,673
76,097
21,616
29,471
98,289
105,568
120,088
2,500
-
-
12,020
14,520
105,568
34,907
31,190
10,000
76,097
29,471
105,568

These accounts were approved by the trustees on 29 May 2025 and signed on their behalf by:

Nathan Steele John Francis Treasurer Chairman

12

The Ralph Vaughan Williams Society Notes to the Accounts for the Year ended 31 March 2025

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. Life membership income is amortised over 20 years.

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.

13

The Ralph Vaughan Williams Society Notes to the Accounts for the Year ended 31 March 2025

1 ACCOUNTING POLICIES (continued)

Stock and work in progress

Stock and work in progress are recorded at the lower of cost and 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 2025. None of the trustees received any remuneration during the year.

Travelling expenses
Meetings
Recording costs
Postage and CD fulfilment
Other expenses
Four (2024 four) trustees were reimbursed expenses
as follows:		 2025
£
486
98
698
1,220
169
2,671		 2024
£
253
561
722
746
148
2,430

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.

3 EVENTS 2025 2025 2024 2024
Income Expenses Income Expenses
£ £ £ £
Three Choirs Festival tea - - 915 623
- (623)
Net Income - 292

14

The Ralph Vaughan Williams Society Notes to the Accounts for the Year ended 31 March 2025

4
GRANTS
Grants paid in the year:
Holst Society_(Recording: The Lark Ascending)
_Commitments outstanding at the year end:
English Music Festival 2025 / 24
Down Ampney Organ
London English Song Festival_(Elgar)_
5
STOCK AND WORK IN PROGRESS
Held by the trading subsidiary, Albion Records:
Stock of CDs for sale
Costs for new recordings in progress
6
DEFERRED INCOME
Group and Society:
Deferred membership income		 2025
£
-
2,500
3,100
500
6,100
2025
£
383
1,449
1,832
2025
£
12,896		 2024
£
500
2,500
-
-
3,000
2024
£
658
19,846
20,504
2024
£
12,020

7 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
£
34,907
31,190
10,000
76,097
29,471
105,568		 Net
Incoming
resources
£
3,576
-
-
3,576
( 10,855)
(7,279)		 Transfers
between
funds
£
( 3,000)
( 3,000)
3,000
-		 Carried
forward
£
35,483
31,190
10,000
76,673
21,616
98,289

15