## **Report of the Council** ## **Last Six Presidents** Carol Michaelson Rosemary Scott Shelagh Vainker Regina Krahl Jessica Harrison-Hall Beth McKillop ## **Council** Stacey Pierson David Canty Clive Jacotine Sarah Wong Rosemary Scott Beth Gardiner Teresa Canepa Jessica Harrison-Hall Xiaoxin LI _President Honorary Treasurer Honorary Secretary Assistant Honorary Secretary Editor of the Transactions Joint Editor of the Newsletter Joint Editor of the Newsletter Representative at the British Museum Representative at the Victoria and Albert Museum_ Elected in 2021 Katharine Butler Ian Gaunt Ana Moas Elected in 2022 Elected in 2023 Ivy Chan Stuart Balmer Robert Bradlow Asaph Hyman Malcolm McNeill Alice Williamson Secretary: Alan Ip ## **Patron** We are most honoured to have as our Patron, HRH The Duke of Gloucester, KG, GCVO and are grateful for his support of and interest in the Society. ## **Members of Council** Professor Stacey Pierson, Professor of the History of Chinese Ceramics at the School of African and Oriental Studies who was elected as President of the Society at the 2021 AGM, has served three years and will be stepping down at this AGM. Council has nominated the Assistant Honorary Secretary, Sarah Wong, as the next President. Council is recommending Professor Pierson, under Article 54, to stay on the Council as an ordinary member for twelve months. The Honorary Secretary, Clive Jacotine, and the Honorary Treasurer, David Canty, retire under Article 55 and offer themselves for re-election. As Sarah Wong has been nominated as the new President, Council has nominated Ian Gaunt as the new Assistant Honorary Secretary. Xiaoxin Li continues as the representative of the Victoria & Albert Museum and Jessica Harrison-Hall as the representative of the British Museum. Annual Accounts to 30 Sept 2023 - Revised Format for CH 1 14/08/2024 There are three co-opted members of Council, Rosemary Scott (Editor of _Transactions_ ), and Beth Gardiner and Teresa Canepa (both Joint Editors of the _Newsletter_ ). ## **Responsibilities of Council Members** The Oriental Ceramic Society is a charitable company limited by guarantee and members of Council are the trustees. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Society and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Society. ## **OCS Constitution** The previous Memorandum of Association was adopted in 1960, and the Articles of Association in 1999. Since then, there have been changes in the law and in Charity Commission guidance. The way the Society carries out its business has also evolved. Detailed study of the constitution also revealed a number of historic errors. Furthermore, because of UK government restrictions during the recent Covid pandemic, the Society was not allowed to hold two AGMs in person, although temporary government legislation allowed them to be held online. That temporary legislation has now expired and our legal constitution, the Memorandum and Articles of Association, needed to be updated if we are to allow for members to take part online in general meetings such as the AGM. The OCS Council agreed at its meeting on 15th January 2024 to consult members on this matter, and subsequently members were given the opportunity to consider the amendments and raise any issues or questions. Council recommended that an Extraordinary General Meeting (EGM) be called on 9th April 2024, immediately before the April, lecture, and a special resolution be put to those present, proposing the adoption of the changes to the Society’s Memorandum and Articles of Association. A summary of the consultation replies and the Society’s response, a summary of the key changes to the Memorandum and Articles of Association, together with the proposed new Memorandum and Articles of Association of the Oriental Ceramic Society were circulated with the EGM notification. The Extraordinary General Meeting was attended by 36 members and the proposed changes to the Memorandum and Articles of Associations were voted in favour unanimously by a show of hands. ## **Membership Summary** At the time of writing, there are over 1070 members on the membership database. UK and Overseas members account for the majority (37% each). 11% of members are students and the rest are a mix of Corporate, Benefactor, Institutional, Patron, Life, and Honorary members. A monthly analysis of membership is carried out by the Secretary. The data contributes to the monitoring and trend analyses in membership levels. Overall, the membership level has remained stable at just above 1000 since the centenary in 2021. The Society is working on offering members special discounts on online book purchases in conjunction with publishers. The offers will be for fully paid-up OCS members and will be in the form of a link direct to the publishers found in the members only area of the website. Annual Accounts to 30 Sept 2023 - Revised Format for CH 2 14/08/2024 Members are encouraged to pay for their subscriptions online via the OCS website. This automatic system enables a more efficient and effective management of membership and reduces manual handling of data. The membership fees have not been raised in many years. The Society is able to maintain the existing fee levels in large part due to the generous support of our sponsors. ## **Website** The Society’s website is being updated continually. Members can still access the page on the Centenary Exhibition with presentations of some of the exhibited items, a film on the history of the OCS, and recordings of the lectures of the Study Day. Recordings of lectures given since July 2020 are available for viewing on the website, except for those which were specifically requested by the speaker not to be included. Members need to log in first to access the videos. We also now have a very well-managed website and social media presence that both contribute to promoting the Society and its events. ## **Publications** _Transactions of The Oriental Ceramics Society (TOCS)_ _Transactions_ continues to be edited and produced by Rosemary Scott who became the editor in 2021. Volume 87 of _Transactions_ continues to record contents which reflect the calendar year so that volume 87 covers January to December 2023. All previous volumes are available on the members-only areas of the website. ## _Newsletter_ The _Newsletter_ , edited by Teresa Canepa and Beth Gardiner, is also a valuable part of the Society’s publications programme. They have produced an informative and interesting edition which brings together contributions from around the world on a wide range of topics of interest to members. _Newsletter_ 32 (2024) was published in April. Volumes 5, 6, and 8 of the _Newsletter_ have been digitised and added to the website. The other volumes will be scanned and uploaded to the website in due course. These publications are loaded to a protected area of the website accessible to paid up members only. Members must have an active account and log into the website for access. The website also has the facility for you to reset your password. Please contact the Secretary if you require any assistance. Members are reminded that access to these publications is a member’s privilege and the links should not be shared. ## **Privacy Statement and Data Protection** The OCS retains the names, addresses and other contact details (including email addresses) of its members for annual renewal and mailing purposes only (lecture announcements and TOCS etc.). Appropriate care is taken by the Society to ensure the security of this data. This list is updated annually, on renewal of membership, and membership is understood to grant consent for the OCS to retain and use these details in the above manner. Members’ details are not accessible to, or shared with, third parties, and these details are not used for commercial purposes. The OCS does not retain members’ financial details (credit card details etc.). If members have any concerns on this matter, they should email the Society’s Secretary. Annual Accounts to 30 Sept 2023 - Revised Format for CH 3 14/08/2024 ## **Rules of the Society** The Rules of the Society provide that no member is entitled to make use of the Society’s name for any business or trade purpose without the prior agreement of the Council, nor shall any member dealing in antiquities or ceramic wares advertise their membership except in the Society’s _Transactions_ or _Newsletter_ . ## **The Charity Commission** The Charity Commission requires the Trustees to report in their Annual Report on their Charity’s public benefit, and they should be clear about what benefits are generated by the activities of the Charity. The benefits must be related to the objectives of the Charity. The Trustees of the Oriental Ceramic Society consider that the Society meets the public benefit requirements, and they confirm that they have due regard to the guidance contained in the Charity Commission's public benefit guidance which is published at: https://www.gov.uk/government/collections/charitable-purposes-and public-benefit. ## **Activities in 2023** ## Lectures Our lectures are now back to being in-person events and are held at the Society of Antiquaries, Burlington House, London. The first lecture of the new season was on 10th October when Dr Yusen Yu, Lecturer in Iranian Islamic Art History at the University of St Andrews, gave a lecture entitled _Gifts from the Ming Court to the Islamic World_ . The lecture was kindly sponsored by Ellen Hotung. This talk presented diplomatic letters, as source materials that illustrated the material culture of diplomacy between Ming China and the Islamic world. It shed new light on the Ming items sent as gifts, the exchange etiquette, and the reception of such objects in the Islamic culture of gift giving. The special OCS / Asian Art in London event took place on 30th October 2023 and was sponsored by Sotheby's. In place of a lecture, Henry Howard-Sneyd held a public conversation with Roger Keverne on _Past Collectors, their Collections and the Art Market_ . In the course of the conversation, Roger reflected on a number of deceased major collectors, some key objects from their collections and how the art market worked back then. There were plenty of stories about individuals, disputes, rivalries and objects. It was all in all a fascinating and, above all, entertaining evening on New Bond Street. On 14th November, Patricia Ferguson presented a lecture on _Beyond the Borders: Asian Ceramics in the National Trust for Scotland._ This lecture presented to OCS members and guests the results of a survey of the Asian ceramics collections commissioned by the National Trust for Scotland in 2021-2022 and was kindly sponsored by Shirley Mueller. The last lecture of 2023 took place on 12th December. Dr Monika Hinkel, Lecturer in the Arts of East Asia at SOAS, University of London, spoke about _Ceramics in Japanese woodblock prints._ Dr Hinkel talked about ceramic wares that were depicted in Japanese woodblock prints and highlighted Japan’s long tradition and fascination with ceramics. This lecture was kindly sponsored by Woolley & Wallis. Dr Qin Cao, from the Oriental Museum, Durham University, gave the first lecture of the new year on 9th January. In the lecture _Weapons in Late Shang (c.1250-1050 BCE) China: Beyond Typology and Ritual_ , she explored the significance of weapons to early Annual Accounts to 30 Sept 2023 - Revised Format for CH 4 14/08/2024 Chinese civilization, moving beyond perceptions of them being primarily symbols of power and rank. The Annual Sonia Lightfoot Memorial Lecture on Paintings, with refreshments sponsored by Woolley & Wallis, was given on 13th February by Professor Shane McCausland, Percival David Professor of the History of Art, SOAS. In the talk, entitled _China in the Frame: Pots in Paintings, Paintings of Pots and Paintings on Pots_ , Professor McCausland examined questions on how we might imagine the relationship between ceramics and paintings in China over the last two millennia: when and how the painters started taking an interest in ceramics, whether as sumptuous objects in a picture setting, as subjects portrayed or otherwise; when and how the potters incorporated aspects of the painting tradition and the picturesque into their decorative repertoires and schemes. The Annual Woolf Jade Lecture, sponsored by Jonathan Woolf and the Woolf Charitable Trust, was held on 12th March. On this occasion Ming Wilson gave a lecture entitled _Jades from China and India - a most curious exchange_ . The lecture focused on China and India, two jade-using cultures, which had a brief encounter in the 18th century, when the many Mughal jade objects entered the Qing court won the praise of Emperor Qianlong. A hundred or so years later India stopped making jade artefacts, and Indian dignitaries acquired Chinese products on the open market. Britain had a presence in both India and China, and became an unintentional witness to the encounter. We were pleased to have Professor Nigel Wood as our speaker on 9th April when he gave a lecture entitled _From Xing to Ding: Advances in Northern Porcelain Technology_ . This lecture was sponsored by Dreweatts. The world’s first true porcelains were developed by potters at the Xing kilns in the late 6th to early 7th centuries, and flourished there through the Tang dynasty, achieving a material quality unmatched in the West until the early 18th century. However, in the later Tang dynasty an entirely new porcelain enterprise was established in Quyang county some 100 miles to the north of the Xing kilns. These new porcelains are known today as Ding wares. Despite much research, debate continues regarding how both Xing and Ding wares came into being, how their practical production was managed. and the true connections that existed between the two traditions. The Dr H.Y. Mok Charitable Foundation Lecture, generously sponsored by Dr Edwin Mok, took place on 14th May when Dr Teresa Canepa and Beth Gardiner spoke about _Ming porcelain from the Portuguese shipwreck Espadarte (1558)_ . The lecture focused on the finds from The Espadarte which sank in May 1558 and lay buried in the shallow waters off the former Portuguese capital of East Africa Fort San Sebastian on Mozambique Island. The large quantity of finds with precise dating information made this one of the most important collections of dated late Ming porcelains found thus far in Africa and shed light on the mid-sixteenth century maritime trade between Europe, Africa and Asia. The AGM 2024 and Shang Shan Tang Lecture and Reception takes place on 11th June 2024. Dr Cinta Krahe will be speaking on _The Melford Hall Collection of Chinese Porcelain: A Booty from the Santísima Trinidad Galleon_ . Handling Sessions A number of handling sessions were held in the past twelve months. 5 Annual Accounts to 30 Sept 2023 - Revised Format for CH 14/08/2024 Sotheby’s hosted a session for our members in October 2023. Bonhams also invited members to a session in October and then two more in May 2024. Woolley & Wallis invited members to view items from the Philip Allen collection in November 2023. To coincide with the annual Woolf Jade Lecture in April, Mr Jonathan Woolf again generously invited members to view his collection of imperial Chinese jade. A good number of members took up the opportunity for this special visit. Dreweatts and Chiswick Auctions both hosted a session each before their sales in May 2024. ## Tours A repeat tour to Berlin, organized by Ricarda Brosch with Harry Douglas-Hamilton and Honorary Secretary Clive Jacotine, took place in September 2023, with 23 participants from several countries. Feedback from the tours was very positive, and they attract a wide variety of members. A tour to Oxford is taking place in mid-June this year, led by Harry Douglas-Hamilton and one has been organized to the southern Netherlands in early September 2024 with the help of Nynke van der Ven. ## **Sponsorship** We thank the generous sponsors of our lectures and lecture receptions, and the Society welcomes new potential sponsors. Regularly sponsored lectures include: - The Woolf Jade lecture sponsored by Mr. Jonathan Woolf and the Woolf Charitable Trust - The Sonia Lightfoot Paintings Lecture sponsored by her husband John Lightfoot - The Mok family export art lecture supported by the Dr Mok Hing Yiu Charitable Foundation - The Sir Michael Butler Memorial Lecture supported by Katharine Butler - Woolley & Wallis In addition, Dreweatts, Ms Ellen Hotung, Dr Shirley Mueller and Shang Shan Tang have provided sponsorship funding. With costs for lectures, premises and refreshments rising significantly since the pandemic, we rely ever more on this sponsorship and are grateful for its continuance. The Society is also grateful for sponsorship of a joint annual OCS / Asian Art in London lecture by Sotheby’s (2023), Bonhams (2024), and Christie’s (2025). This sponsorship enables us to bring important speakers from overseas as well as from the UK. ## **Advertising** We thank members and friends who support the Society through advertisements in our _Transactions_ and the _Newsletter_ . This helps us to defray the costs of these publications, and we hope that such advertising will continue and increase. ## **Financial Summary** We are grateful to Mary Ginsberg, who has independently assessed the 2023 accounts. Further details are shown in the annual accounts report on this agenda. ## **Council Elections** 6 Annual Accounts to 30 Sept 2023 - Revised Format for CH 14/08/2024 i) Nomination for new President of the Oriental Ceramic Society is _Sarah Wong_ **Sarah Wong** has served as an OCS Council Member since 2017 and as Assistant Honorary Secretary since 2019. She was responsible, with the support of the Council, for organizing the OCS Centenary exhibition in 2021: _Collectors, Curators, Connoisseurs: A Century of the Oriental Ceramic Society 1921 – 2021_ and co-authored the catalogue of the exhibition. She started working at Eskenazi Limited in 1993. This was followed by a few periods spent working abroad, including five years as a specialist in the Chinese Department at Christie’s, New York. She has been a Director of Eskenazi Limited since 2013 and has written and contributed to over forty of the catalogues. Sarah read English Literature at Oxford University and completed her Master of Arts degree in East Asian Regional Studies at Harvard University. ii) Nomination for election to the honorary position of the Council is _Ian Gaunt_ for Assistant Honorary Secretary **Ian Gaunt** is a full time Arbitrator in international maritime and commercial cases and Past President of the London Maritime Arbitrators Association. He is a member of the Baltic Exchange and a member of the Board of Maritime London. From 1999 to 2008 he was Senior Vice President-International of Carnival Corporation and was responsible to the Chief Executive for contracting and implementation of the group’s large-scale shipbuilding programme. Mr Gaunt has been an avid collector of early Chinese ceramics since he lived in Hong Kong from 1986, with a particular interest in Ding and Yaozhou wares. He has completed a first three-year term as a Member of the Council of the OCS when he assisted the Hon Secretary in connection with the recent revision of the OCS Constitution. iii) Nominations for new Council members are _Dr Melanie Gibson, Henry HowardSneyd, Dr James Lin_ **Dr Melanie Gibson** , BA (Oxon) MA, PhD (SOAS, University of London) is Editor of the Art History Series at GINGKO. She acted as convenor and tutor of the Postgraduate Diploma in Asian Art at SOAS (2006–2017) and was head of the Art History faculty at the New College of the Humanities (2013–2016). She continues to lecture on the ceramics and glass of the Islamic World at SOAS and the V&A and has published a number of studies related to these subjects. She acts as an executive trustee at GINGKO and as a trustee of the Friends of Leighton House and the Al-Tajir Trust. **Henry Howard-Sneyd** is Chairman of Asian Art, Europe and Americas for Sotheby’s based between London and New York and is Sotheby’s lead Auctioneer globally in Asian Art. He joined Sotheby’s London in 1987 and went Annual Accounts to 30 Sept 2023 - Revised Format for CH 7 14/08/2024 on to become a member of the Chinese department of which he was named Head in 1997. He pioneered the Asiaweek series of sales held in Sotheby’s London and was a founding member of Asian Art in London. In 2000 he assumed the role as Managing Director of Sotheby’s Asia, based in Hong Kong, where he oversaw the early stages of the dramatic growth of the business in that market. In 2007 he moved to New York as Executive Vice President with a focus on ‘New’ markets spearheading the opening of offices in Istanbul and Doha as well as leading the company’s first auctions in the Middle East before taking on the role of Vice Chairman of Asian Art and managing the Asia Division in New York before returning to the UK in 2015. Mr Howard-Sneyd earned his joint Master of Arts degree in Biochemistry and History of Art from Pembroke College, Cambridge University. **Dr James Lin** obtained an MPhil and a Ph.D. in Chinese Art and Archaeology at the University of Oxford. He worked as a research assistant in the Ashmolean Museum between 2000 and 2002. He was employed as a special assistant at the British Museum, helping to set up the Selwyn and Ellie Alleyne Gallery of Chinese Jade between June and November 2002. Afterwards he returned to Oxford as the first Christensen Fellow in Chinese Painting, at the Khoan and Michael Sullivan Chinese painting gallery at the Ashmolean Museum. In September 2004 he was appointed as the Assistant Keeper of Applied Arts at the Fitzwilliam Museum. Since 2012 he has been the Senior Assistant Keeper of Applied Arts. He organised the Search for Immortality exhibition at the Fitzwilliam Museum in 2012 and was a guest curator of the 'Terracotta Warriors and the First Emperor' at the National Museum Liverpool in 2018. iv) Nominations for re-election to the honorary positions of the Council are: _David Canty_ for Honorary Treasurer _Clive Jacotine_ for Honorary Secretary **David Canty** has been a Council member for 7 years, and Honorary Treasurer since 2021. Now a self-employed consultant he previously worked for several accounting and investment management firms and is appointed to a number of non-profit boards. He is a Chartered Accountant (FCA). He has a longstanding personal interest in Song ceramics. **Clive Jacotine** has been a Council member for 6 years, and Honorary Secretary since 2021. Now retired from employment, he held various senior managerial posts in public services, before becoming an independent management consultant and being appointed to a number of non-profit boards. His wide experience includes partnership working, governance, organisational change, project management, and budgetary arrangements. He has a longstanding personal interest in Chinese scholar's objects. Annual Accounts to 30 Sept 2023 - Revised Format for CH 8 14/08/2024 ## **Company Registered No. 306924 Charity Registered No 250356** ## **THE ORIENTAL CERAMIC SOCIETY** (Limited by Guarantee) **AMENDED ACCOUNTS 30 SEPTEMBER 2023** Annual Accounts to 30 Sept 2023 - Revised Format for CH 9 14/08/2024 ## **THE ORIENTAL CERAMIC SOCIETY** (Limited by Guarantee) ## **REPORT OF THE COUNCIL** The Council submits its report and accounts for the year ended 30 September 2023. ## **Activities** The Society, which was founded in 1921, aims to increase knowledge and appreciation of Asian ceramic and other forms of Asian arts. It provides a creative link between collectors, curators, scholars and others sharing those interests. Lectures to the Society, together with reports on activities are published annually in the "Transactions of The Oriental Ceramic Society" (TOCS). ## **Results** The surplus for the year, added to the general fund, was £42,827 (2022 surplus £10,358). The budget for the year to 30.09.24 anticipates a small surplus. ## **Council Members' Responsibilities** The Society is a charitable company limited by guarantee and members of Council are the trustees. Company law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Society and of the income and expenditure of the Society for that period. In preparing these accounts, the trustees are required to - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - prepare the accounts on the going concern basis unless it is inappropriate to presume that the Society will continue to operate. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Society and to enable them to ensure that the accounts comply with the Companies Act 1985. They are also responsible for safeguarding the assets of the Society and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Assessor** A resolution not to re-appoint auditors was passed at the 2006 AGM, as the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. As an independent assessor, Mary Ginsberg carried out a review of the 2023 accounts. Annual Accounts to 30 Sept 2023 - Revised Format for CH 10 14/08/2024 ## **BY ORDER OF THE COUNCIL** **David Canty** Honorary Treasurer **Alan Ip** Secretary 11th June 2024 Annual Accounts to 30 Sept 2023 - Revised Format for CH 11 14/08/2024 ## **Company Registered No. 306924 Charity Registered No 250356** ## **THE ORIENTAL CERAMIC SOCIETY** (Limited by Guarantee) **ACCOUNTS 30 SEPTEMBER 2023** **THE ORIENTAL CERAMIC SOCIETY** (Limited by Guarantee) **BALANCE SHEET AS AT 30TH SEPTEMBER 2023** |**BALANCE SHEET**
**AS AT 30TH SEPTEMBER 2023**||||| |---|---|---|---|---| |||**Year to**||**Year to**| |||**30/09/23**||**30/09/22**| |||**£**||**£**| |**Assets**||||| |Debtors and prepayments (see Note 2)||8,201||16,166| |Cash at bank and in hand (see Note 3)||326,690||284,287| |||**334,891**||**300,453**| |Less liabilities:||||| |Creditors (see Note 4)||31,203||38,628| |**Net assets**||**303,688**||**261,825**| |Represented by Funds: -||||| |R C Hills Fund|22,666||22,666|| |George de Menasce Fund|1,325||1,325|| |Chinese Scholars' Fund|4,683||4,683|| |Sir Joseph Hotung Fund|53,743|82,417|53,743|82,417| |Exhibition Reserves||49,003||49,003| |General surplus C/F||172,268||130,405| |||**303,688**||**261,825**| This report has been prepared in accordance with the Charity Commission’s publication “Financial Reporting Standard 102” (“FRS 102”) and “Update Bulletin 1” applicable to reporting periods beginning on or after 1st January 2016. Signed on behalf of the Society David Canty Honorary Treasurer Professor Stacey Pierson President Annual Accounts to 30 Sept 2023 - Revised Format for CH 12 14/08/2024 Alan Ip Secretary Mary Ginsberg Assessor For the financial year in question, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. David Canty Honorary Treasurer Annual Accounts to 30 Sept 2023 - Revised Format for CH 13 14/08/2024 ## **THE ORIENTAL CERAMIC SOCIETY** (Limited by Guarantee) ## **INCOME AND EXPENDITURE ACCOUNT AND STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023** |**FOR THE YEAR ENDED 30 SEPTEMBER 2023**||||| |---|---|---|---|---| |||**Year to**||**Year to**| |||**30/09/23**||**30/09/22**| |||**£**||**£**| |**Incoming Resources**||||| |Subscriptions||53,591||54,042| |Estimated Gift Aid Refunds||3,239||15,975| |Interest||1,204||32| |Gifts & Miscellaneous Income||126||1,862| |Catalogue sales||3,477||0| |**Total Income**||**61,637**||**71,911**| |**Resources Expended**||||| |Secretary's salary and N.I.|17,740||23,637|| |Office postage and printing|396||944|| |Stationery, telephone, and travel|1,501||1,531|| |Computer systems assistance|1,762||1,726|| |Storage rental|1,911||1,400|| |Insurance|1,251||2,120|| |Bank charges and Worldpay costs|919||1,167|| |Centenary exhibition expenses|1,373||0|| |Net cost (gain) of OCS tours|2,996||-1,856|| |**Administration costs**||**29,849**||**30,669**| |**Surplus after administration costs**||**31,788**||**41,242**| |Computer Newsletter layout less advertisements||995||-369| |Contributions to meetings, room hire, lecture fees &|18,628||5,641|| |travelling||||| |Less spent|-16,793||-11,567|| |Carried Forward for year to 30.09.23|0||0|| |Net contribution||1,835||-5,926| |**Surplus before TOCS**||**34,618**||**34,947**| |TOCS 84 net cost||0||-13,788| |TOCS 85 net provision (lectures to 31.12.21)||0||3,900| |TOCS 85 net cost||0||-7,701| |TOCS 86 net provision (lectures to 31.12.22)||7,000||-7,000| |TOCS 86 net income||1,209||0| |TOCS 87 net provision (lectures to 31.12.23)||0||0| |Normal surplus||**42,827**||**10,358**| |Prior year Funds Balance||130,405||114,148| |Funds accruedfromprevious year||-964||5,899| |||**172,268**||**130,405**| Annual Accounts to 30 Sept 2023 - Revised Format for CH 14 14/08/2024 ## **THE ORIENTAL CERAMIC SOCIETY** (Limited by Guarantee) ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023** ## **1. Accounting Policies** The Accounts have been prepared in accordance with the Companies Act 1985 and the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ issued in October 2000. ## **Office and Computer equipment** Written off in year of purchase. ## **Income** Subscriptions are payable on 1 May for the next financial year: they are accounted for in the financial year to which they relate. Other income is accounted for on a receipts and due basis. ## **Expenditure** Expenses are accounted for on an accruals basis. ## **Foreign Currencies** Converted into Sterling and recorded as actual receipts. ## **Prior year Funds Balance** The accumulated excess of revenues over expenditure for the current year. ## **Estimated Gift Aid Refunds** Accrued in the year the gift aid is claimed. In the current year the claims relate to the period from 1 October 2021 to 30 September 2022. ## **2.** |**2.**|||| |---|---|---|---| ||**Debtors and prepayments**|**2023**|**2022**| |||**£**|**£**| ||Debtor|4,962|0| ||Tax recoverable|3,239|16,166| |||8,201|16,166| |**3.**|||| ||**Cash at bank and in hand**|**2023**|**2022**| |||**£**|**£**| ||High interest accounts|317,094|273,232| ||Current accounts|1,098|1,042| ||Cash in hand|108|406| ||Euro current account|120|12| ||US $ deposit account|6,647|8,031| ||Other bank account|1,624|1,564| |||326,690|284,287| Annual Accounts to 30 Sept 2023 - Revised Format for CH 15 14/08/2024 ## **4.** ## **5.** |**Creditors**|**2023**|**2022**| |---|---|---| ||**£**|**£**| |Subscriptions paid in advance|24,755|22,816| |Creditors and accruals|6,448|15,812| ||31,203|38,628| |**Transactions**|**TOCS 87 (estimated)**|**TOCS 86 (actual)**| ||**£**|**£**| |Cost and postage|15,000|17,010| |Less contributions|16,500|16,819| |Net income / (cost)|1,500|-191| ## **6. Purpose of funds** ## **R.C. Hills Endowment fund** The R.C. Hills Gold Medal is presented for a lecture by an established academic figure. The lecture is included in the ‘Transactions’ and the fund also makes a contribution towards the cost of the publication. A lecture celebrating the Golden Anniversary of the first presentation took place in October 2021. ## **George de Menasce Memorial Trust Fund** The George de Menasce Trust Bursary is awarded for a research project and a lecture to the Society, with publication in the ‘Transactions’. A bursary was awarded in 2021 and £1,000 has been paid to the recipient. ## **Scholars Fund** The Chinese Scholars Fund was launched in 1988 with the purpose of giving scholars in China the opportunity to visit the West. The Fund has now been extended to cover scholars both in China and elsewhere. ## **Sir Joseph Hotung Fund** The Sir Joseph Hotung Fund was started in 2006 and the capital is to be used for specific projects and not for the day to day running of the Society. ## **7. Exhibition Reserves** Exhibition Reserves represent the net balance of the provisions, income and expenditure of the 2021 Centenary Exhibition. 16 Annual Accounts to 30 Sept 2023 - Revised Format for CH 14/08/2024