VAUGHAN WILLIAMS ' FOUkyuAI ION TRUSTEES REPORT AND ANNUAL STATEMENTS YEAR ENDED 31 DECEMBER 2022 Trustees, Annual Report for the period Period start dale Period end dale From ~L￿LI17bew 2022 To Section A Reference and administration details VAUGHAN WILLIAMS FOUNDATION Charity name Other names charlty is known by Registered charity number lif any) 1193080 Charlty's princlpal address 13 Calico Row London Postcode SW11 3YH Names of the charity trustees who manage the charlty Trust•a name OM¢¥ Ilf any) Dates act•d if not for whol• ear Chair Name of person lor body) entltled oint trustee ifa Sally Hilary Grovès MBE Hugh Michael Thornas Cobbe Professor NicoL4 Lefanu Helen Faulknei Bernard Anth￿Y Watson Nicolas John Bell Andrew Hunter Johnston John TempÈdey Axon Profèssoi Richard Causton Names and addresses ol advisers (Optlonal informatlonl e of adviser Name Address Legal advisors BDB PilmarB LLP One Bartholomew Close. London EC1A 7BL Name of chief executive or names of senlor slaff members (Optional infomiation) Rosemary Johnson MBE (Oirector) Section B Structure, overnance and mana ement TAR March 2012 Descriptlon of the charity's trusts Constitution dated 12 January 2021 Type of goveming document How the charrty is constituted Charitable incorporated organisation Trustee selection methods New trustees are appointed by the Board of the CIO ppui-, Additional govemance issues (Optional information} The CIO is not yet operational. having been fomied to take on the assets and any liabilities of hvo merging charities (the RVW Trust. registration number 1066977, and the Vaughan Williams Charitable Trust, registration number 1123968}, with the merger due lo take place on 1 January 2023. The first grants will be awarded in March 2023 You may choose to include additional information, where relevant, about- policies and procedures adopted for the induction and training of trustees., the charity's organisational structure and any wider network with which the charty works., relationship with any related parties., trustees, consideration of major risks and the system and procedures to manage them. Section C Ob'ectives and activities The objects of the CIO are.. The advancement of public appreciation of and education in music,. in particular. 1.1.1 the advancement anywhere in the world of the knowledge, undérstanding and appreciation of the life and works of the late Ralph Vaughan Williams and in furtheran￿ of this object the encouragement and financial support of publication perfomiance and recording of his work8,. Summary ofthe objects ofthe charity sel out in its governing document 1.1.2 the encouragement and financial supwrt of publication perfomiance and recording of music by British, Irish and long- standing UK-resKJent composers active in the last 100 years", The granting of assistance to British, Irish and long-stsnding UK-resident composers to further their musical gducalion within the UK for the publie benefit., and The advancement of such other excluswely charitable purFX)ses for the public benefit as the charity trustees may in their discretion see fil. having particular regard lo the interests of the late Ralph and Ursula Vaughan Williams. TAR March 2012 Summary ofthe maln activities undertaken for the public benefit in relation to these objects {include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commisslon on publi benefit) As set out above, the CIO is not yet fully operational and there has been minimal activity during the relevant financial period. Set up fvnding of £10K from each of the founder Trusts was re￿IVed in the latter part of the year. From 1 January 2023 onwards, following the completion of the merger, the Trustees will make grants in furtherance of the CIO'S charitable objects to indwiduals and organisalions. Section D Achievements and performance Summary ofthe main achievernents of the charlty durlng the year As above, the CIO has been largely inactive during the refevanl financial period. Section E Financial review Brlef statsment of the charity's policy on raserrfes The Trustees will detemine their policy on reserves once the CIO is operational. Details of any funds materially in deficit Not applicable Further financial review details (Optional informationl You may choose to include additional informalion, where relevant about.. the charity's principal SoUr￿S of funds (including any fundraising)., how expenditu￿ has supported the key objectives of the charity., investment policy and objectives including any ethical investment poliGy adopted. Section F Other optional information TAR Maith 2012 Section G Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature(s} Full name(s) Posltlon (eg Secretary. Chair, etc) fi¥iL¥ 14 CAAI IRLJsIE£ Date 1.05,2ozs TAR March 2012 VAUGHAN WILLIAMS '4h FOUNDATION Balance Sheet 31st December 2022 2022 2021 Flxed Assets Fixt(tres & Fittings Current Assèts Debtots, prepaymènts & acLru6d income CAF Current CAF Deposit 4.818 15,042 19.860 Current Liabllitkns Trade creditors Awruals Deferred Income 300 20,0 20,3(￿j Not Curront Assets I (Liabilitlesl 14401 Not As¥ets l {LiabilitlgsI Repmentlng Unrestricted reserve brought fward Suiplus {deficrtl forthe period Unrestricted resetve carried forward 440 Total rese￿eS carried foJward The fA)ancial statemènts were approved and 8Uthorised f(x issue by Ihe Board of the Trustees 6.1 . c)s.: Ls................... 2023 and weré Signed beltsw on its behalf by.. Sally Hilary Groves MBE Chair and Trustee Helen Faulkner TTuslee ## **Income & Expenditure 31st December 2022** |**Income:**
Bank interest
**Total Income**
**Expenditure:**
RVW 150 Celebrations
Travel & subsistence
Bank charges
**Total Expenditure**
**Surplus (deficit) for the period**|**2022**
45
**45 **
300
170
15
**485 **
**(440)**|**2021**
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