Orders and Medals Research Society (“OMRS”) Charitable Incorporated Organisation (1199514)
TRUSTEES ANNUAL REPORT & ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023
INDEX
| Page | |
|---|---|
| Trustees’ Annual Report | 1 |
| Statement of Financial Activities | 3 |
| Balance Sheet and Notes | 4 |
| Independent Examiners report | 5 |
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ORDERS AND MEDALS RESEARCH SOCIETY TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2023
Objectives
The object of the OMRS is to “advance the education of the public in the subject of orders, decorations and medals and all matters related thereto, dedicated to the memory and honour of the original recipients, by:
a) assisting members and general public in their research
b) actively encouraging and publishing to the general public the results of individual research c) arranging lectures and meetings for the benefit of the general public, and
d) by any other means as the trustees in their discretion shall determine”
Achievements
During the year four journals were produced with a wealth of quality articles pertaining to medal research. Two new books were published, and 16 previously published books were digitised and were made available to the general public. In September a Convention was held in London after a two year gap caused by Covid. Guest speakers spoke and exhibitions were made on various topics. Branches have also started to meet again and a new “virtual” branch was formed. Social media platforms continue to grow and provide a platform to share knowledge and assist research. Finally, the multi-year project to digitise the Tamplin archives and make them available in searchable format continues apace with a number of sections being released on the website.
Structure
Up until 30 June 2022 the OMRS was an unincorporated association whose members voted on 29 October 2022 in favour of transferring all the assets, liabilities and activities to a newly constituted Charitable Incorporated Organisation (“CIO”) of the same name formed on 1 July 2022 with a new constitution (that closely mirrored that of the association). The transfer was voted to take effect from 1 July 2022.
The OMRS has no physical address, but correspondence can be sent to P.O. Box 612, Walton-on-Thames, KT12 9FQ or emailed to generalsecretary@omrs.org.
Financial Review
The attached accounts include comparative year numbers being those of the unincorporated association. The trustees believe this presentation best meets the needs of the charity’s stakeholders.
The accounts show the financial position at the end of the year is healthy. The intention is that reserves should be a minimum of 6 months expenditure. Currently the reserves are substantially higher but are being reduced through a project to digitise the Tamplin Archives. In addition, in the medium term, the website and associated systems will need to be upgraded when the current software version is de-supported.
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Trustees
Trustees are elected at the Annual general meeting of the members of the CIO for terms of three years. The trustees appoint from amongst their number the Officer positions of President & Chair, General Secretary, Membership Secretary and Treasurer.
| Trustee Name and office | Dates acted if not full year | Re-election* |
|---|---|---|
| Robin Thomas (Chair & President) | From 10/9/2022 | 2024 |
| Robert Barltrop | From 10/9/2022 | 2024 |
| Steve Butler (Membership Secretary) | From 10/9/2022 | 2023 |
| Robert Coyle | From 1/7/2023 | 2023 |
| Richard Emsley | From 10/9/2022 | 2024 |
| Norman Gooding | From 10/9/2022 to 28/12/2022 | |
| Graham Grist (General Secretary) | From 10/9/2022 | 2024 |
| Andrew Mann | From 10/9/2022 | 2023 |
| Paul Murphy | From 10/9/2022 | 2023 |
| Graham Pitchfork | From 10/9/2022 | 2024 |
| Jonathan Toohey (Treasurer) | From 10/9/2022 | 2023 |
*Trustees limited their initial term to align with the former unincorporated association.
Declarations
Approved by the Trustees on 1 July 2023 and signed on their behalf by:
R Thomas
G Grist
Robin Thomas – Chair
Graham Grist - Secretary
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ORDERS AND MEDALS RESEARCH SOCIETY STATEMENT OF FINANCIAL ACTVITIES FOR THE YEAR ENDED 30 JUNE 2023
| Subscriptions received Journal - advertising - production - distribution - journal prizes - indexing Convention - income - expenses Books - income - expenses Ribbons - income - expenses Other - income - expenses Website Administration (see below) Bank interest receivable Taxation Result before Tamplin archives Tamplin Archives NET RESULT AFTER TAXATION (from)/to General Fund Administration Branch grants Society awards Room hire Printing, stationary and postage IT costs Insurance Advertising Travel expenses Independent Examination Communications Sundry expenses Bank charges |
2023 2023 2022 2022 £ £ £ £ 36,661 38,334 10,312 12,330 (14,226) (16,154) (11,307) (11,245) (800) (800) (400) (16,421) (400) (16,269) 12,327 0 (27,266) (14,939) (7,744) (7,744) 620 1,251 (2,745) (2,125) (2,629) (1,378) 1,890 1,740 (883) 1,007 (201) 1,539 625 490 (245) 380 (1,264) (774) (3,785) (4,998) (9,024) (9,226) 997 204 20 (25) (7,229) (337) (22,692) (12,852) (29,921) (13,189) (200) 0 (928) (442) (320) (320) (989) (1,059) 0 (394) (1,055) (1,204) (2,015) (2,648) 0 (51) (600) (720) (350) 0 (531) (46) (2,036) (2,342) (9,024) (9,226) |
|---|---|
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ORDERS AND MEDALS RESEARCH SOCIETY BALANCE SHEET AS AT 30 JUNE 2023
| FIXED ASSETS Tapprell Dorling Group of Medals President's jewel Silver Rose Bowl and Pownall Trophy Equipment - cost Less: depreciation to date CURRENT ASSETS Stock of awards Prepayments Debtors Cash at bank CURRENT LIABILITIES Income received in advance Accruals NET CURRENT ASSETS TOTAL NET ASSETS GENERAL UNRESTRICTED FUND Brought forward 1 July 2022/2021 Net deficit for the year Balance of fund at 30 June 2023/2022 |
2023 £ 1,000 (1,000) |
2023 2022 2022 £ £ £ 4,014 4,014 29 29 1,181 1,181 1,000 0 (1,000) 0 |
|---|---|---|
| 8,973 0 0 124,581 |
5,224 5,224 9,730 14,640 3,204 142,562 170,136 14,318 12,666 26,984 113,231 143,152 118,455 148,376 148,376 161,566 (29,921) (13,190) 118,455 148,376 |
|
| 133,554 | ||
| 10,147 10,176 |
||
| 20,323 | ||
Approved by the trustees on 1 July 2023 and signed on their behalf by:
President R Thomas Treasurer J Toohey
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023
1. ACCOUNTING POLICIES
The current year numbers are those of the OMRS as a Charity Incorporated Organisation that started on 1 July 2022. The prior year numbers are those of the OMRS as an unincorporated association, but are presented as comparatives as required by FRS 102 as in substance the activities are the same. FRS 102 is used as the basis for these accounts and prepared with the needs of the charity’s stakeholders in mind. As a smaller charity, it has opted, as permitted by FRS 102, to present expenditure by its nature.
The accounts are prepared on the historical cost convention and the accruals basis (except that stocks of ribbons, binders and old journals are expensed when purchased).
2. FIXED ASSETS
Tangible fixed assets are stated at historical cost less accumulated depreciation. Certain assets are not depreciated being the Taprell-Dorling medals, presidents jewel and trophies.
3. TAXATION
Liability to taxation only arose on interest received as an association.
4. TRUSTEES, OFFICERS AND EXECUTIVE COMMITTEE MEMBERS
No trustees, officers or executive committee members received any remuneration. Expenses incurred by them on behalf of the OMRS are reimbursed. There are no employees.
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INDEPENDENT EXAMINERS REPORT TO THE MEMBERS OF THE ORDERS AND MEDALS RESEARCH SOCIETY
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