RICHMOND CONCERT soaErY
Re8b¢ered Charity No. 289897
Trustees. Annual Report for the Financial Year to 31 May 2022
The Society is a registered Charity and Trust. Its object, as set out in the Society's constitution, is to
promote, improve and develop appreciation of the art of music in all its aspects by the presentation of
concerts and recitals and by such other ways as the Society, through its Committee, shall from time to
time decide.
Normally in each season Iseptember to the following lulyl, the Society holds around 10 concerts of a
varied nature at three different venues within the London Borough of Richmond upon Thames. Having
only achieved three in the previous year os a result of the Covid-19 lockdown, we were delighted to be
able put on 10 again.
The Society is governed by an Executive Committee of Trustees whose names are listed below. The
principal office of the society is the address of the Hon. General Secretary, 7 Pine Wood, Sunbury-on-
Thames, TW16 4QR. New members may be co-opted to the Committee duringthe year selected from the
existing membership of the Society- All committee members are subject to election or re-election at the
Annual General Meeting. Elected committee members constitute the Trustees of the charity.
The Trustees during the year were Michael Alexiou. M8rie Denivelle. Nilda Ginn, Margaret Hewitt. David
John, Maurice Parry-wingfield, Evelyn Richardson, Helen Thresh and Jill Warner.
In contrast to the previous year's large increase of £16,521. the Society's investments and deposlts
showed only a modest increase of £3,203 in the year, representing dividends and interest earned of
£4,751 and a £1,548 fall in the market value of investments. This was shared amongst the specific funds
and the General Reserve. The Income and Expendlture Account showed a surplus of £4,266. At the year
end the General Resetve stood at £75,311.
The Society makes an annual award to commission a work by a composition student, which is to be
premiered after the Annual General Meeting. The award of £2,000 is financed by the Muriel Dawson
Fund. The award for 2022 has been given to Elliott Park who is composing a special piece for the Society.
In the year, the Society received a legacy of £IO,(JKJ and made a donation of £2000 to a major musical
charity that promotes young artists.
The Trustees have reviewed the major risks to which the Society is exposed and their financial reserves
policy, particularly in the light of the previous two seasons, Covid-19 emergency. In 2018-19 they had
taken the decision to reduce the General Reserve of the Society. Steady progress is being made in this
and, although the level was more or less unchanged in the year we are reporting on, it is intended to
continue this policy. The trustees consider the General Reserve of £75.311 to be sufficient for the
foreseeable future to enable the Society to continue to fulfil its object as set out in the first paragraph
above.
Signed on behalf of the Trustees on l July 2022.
Maurice Parry-wingfield Ichairmanl
Nilda Ginn (Treasurer)

RICHMOND CONCERT SOCIErY
Registered Charity No 289897
BALANCE SHEET
on 31 May 2022
31 May 2021
CURRENT ASSETS
Investments
COIF Fixed Interest Fund
COIF Investment Fund
COIF Paul Woodhouse Fund
35,181
84,694
14.477
134353
39.517
102,037
14,347
155,902
Deposlts
Redwood Bank
COIF Deposit
61.682
12,671
74.353
61,082
8,520
69,602
Cash Funds
Uoyds Bank Current
Cash
29.959
152
30,111
6,999
43
7.043
Other Current Assets
Expenditure in advance
7C
2,305
Less CURRErir UABILITIES
Income in advance
-2,400
237,117
-2,000
232,851
NET ASSETS
REPRESENTED BY:
Restrlcted Funds
Muriel Dawson Fund
Paul Woodhouse Fund
Hazel Watson Fund
5,400
14,477
8,852
28.730
9.287
14,347
8,746
32,380
Llnrestrlcted Funds
Young Artist5 Fund
Mary Ryan Fund
wr Bryant Fund
Richard Oake Fund
Robert Stoker Fund
Howard Greenwood Fund
39,270
22.347
41,421
5.492
15,546
9,000
133,076
38,797
23,067
40,923
6,414
16,347
125,548
General Reserve
Total Reserves
75,311
237,117
74,923
232.851
* Please see the Movement of Funds report within Notes (Note 21
Approved by the trustees and authorised for issue on l July 2022 and signed
on thelr behalf bv:
N Ginn (Treasurer)
Parry-wlngneld Ichairmanl

**RICHMOND CONCERT SOCIETY** Registered Charity No 289897 

## **INCOME AND EXPENDITURE** 

|**INCOME**<br>Membership Fees<br>Friends<br>Sponsorships<br>Donations<br>Gift Aid recovered<br>Guest admissions<br>Programme sales<br>Refreshment donations<br>Bank/COIF interest<br>COIF dividends<br>Other income<br>**EXPENDITURE**<br>General admin<br>Publicity<br>Artists' fees<br>Venue hire<br>Piano hire & piano insurance<br>Streaming costs<br>Insurance and Performing Rights Fees<br>Programme costs<br>Refreshment costs<br>AGM costs<br>Howard Greenwood Memorial Concert<br>Bank charges incl Direct Debit<br>Muriel Dawson Award<br>Donations<br>Other expenditure<br>Surplus/deficit before market value adjustments<br>* COIF market value adjustments<br>**Total surplus for the year**|**2021-2022**<br>**£**<br>22,515<br>2,950<br>4,950<br>1,355<br>1,491<br>2,080<br>1,986<br>454<br>614<br>4,137<br>10,620<br>**53,153**<br>547<br>1,726<br>24,590<br>2,430<br>6,182<br>1,000<br>695<br>2,945<br>19<br>254<br>2,358<br>154<br>2,000<br>2,000<br>437<br>**47,338**<br>5,814<br>-1,549<br>**4,266**|**2020-2021**<br>**£**<br>90<br>2,150<br>4,000<br>1,580<br>1,278<br>0<br>0<br>0<br>772<br>4,497<br>0<br>**14,367**<br>1,112<br>1,193<br>12,525<br>100<br>1,276<br>2,040<br>469<br>0<br>0<br>0<br>0<br>17<br>2,000<br>6,000<br>84<br>**26,817**<br>-12,450<br>11,252<br>**-1,198**|
|---|---|---|



* Unrealised loss/gain 



**RICHMOND CONCERT SOCIETY** Registered Charity No 289897 

Notes to the accounts for the year ended 31 May 2022 

- 1 The accounts are prepared on the Receipts and Payments basis. Expenditure in advance and Income in advance are shown separately for added clarity. 

The investments are re-stated at market value. 

- 2 Money is transferred out of restricted and unrestricted funds into the General Fund in order to make a contribution to the named concerts as stipulated by the fund restriction, and in the case of unrestricted funds, as decided by the Committee. 

   - These amounts include income from investments as well as unrealised market value gains. 

|||Total||||
|---|---|---|---|---|---|
|||surplus|* Additions|Allocation||
||B/fwd|for the year|to funds|from funds|C/fwd|
|Restricted Funds:||||||
|Muriel Dawson Fund|9,287||113|-4,000|5,400|
|Paul Woodhouse Fund|14,347||544|-413|14,477|
|Hazel Watson Fund|8,746||106|0|8,852|
|Unrestricted Funds||||||
|Young Artists Fund|38,797||472|0|39,270|
|Mary Ryan Fund|23,067||281|-1,000|22,347|
|WT Bryant Fund|40,923||498|0|41,421|
|Richard Oake Fund|6,414||78|-1,000|5,492|
|Robert Stoker Fund|16,347||199|-1,000|15,546|
|Howard Greenwood Fund|0||10,000|-1,000|9,000|
|General Reserve|74,923|4,266|-12,291|8,413|75,311|
|Totals|232,851|4,266|0|0|237,117|



- 3   No remuneration or expenses were paid or were payable during the year to any trustee other than the reimbursement of expenses borne on behalf of the Society. 

- 4   There were no staff costs during the year. The position of lndependent Examiner is honorary. 

- 5   Income and market value adjustments resulting from all our investments are allocated on a pro rata basis to the General Reserve and the various Funds (except the Paul Woodhouse Fund which is subject to different rules). 

- 6   Last year’s accounts did not show the contribution of the Muriel Dawson Fund to the Composition Award.  This year we are showing both last year’s and this year’s contributions. 



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