RICHMOND CONCERT SOCIETY
Reeistered Charity No. 289897
Trustees, Annual Report for the Financial Year to 31 May 2023
The Society is a registered Charity and Trust. Its object, as set out in the Society's constitution, is to promote,
improve and develop appreclation of the art of music in all its aspects by the presentation of toncerts and recltals
and by such other ways os the So¢iety, through its Committee, shall from time to time decide.
Each season (September to the following July), the Society holds chamber music concerts of a varled nature at
vensjes within the London Borough of Richmond upon Thames.
The Society is governed by an Executive Committee of Trustees whose names are listed below. The prlncipal
office of the society IS the address of the Hon. General Secretary, 7 Pine Wood, Sunbury-on-Thame5, TW16 4QR.
New members may be co-opted to the Committee during the year selected from the existing membership of the
Society- All committee members are subject to elettion or re-election at the Annual General Meetlng. Elected
committee members constitute the Trustees of the charity.
The Trustees durlng the year were Michael Alexiou. Marie Denivelle. Nilda Ginn, Margaret Hewitt, Davld
John, Mike Langley. Evelyn Richardson, Helen Thresh and Jill Warner.
The Society's intome Is prlmarlly from membership fees. There 15 a Friends. Scheme which is now tlosed to new
members, but it continues to generate an income. In addition the Society receives spon50rship5 from individuals
and local companies. From time to time it receives legacies, mainly from members who have enjoyed the
socletrfs offerlngs during their lifetime. SocieV5 reserves are invested and this also generates an Income.
Expenditure is mostly for artists, fees. piano hire and the annual composition award of £2,5CKI, which is financed
by the Murlel Dawson Fund.
During the year. the society Put on 10 full length conterts and made a composition award to a young composer
who was Commissioned to compose a piece for the Society. Thi5 piece was performed after the AGM in July* at a
half length concert. The Society a150 made 3 donation of £IOOO to a musical charity that promotes young artists.
The Society's Investments and deposits showed an increase of £4,610 in the year, representing divldends and
interest earned of £5,869 and a £1,259 fall in the market value of investments. This was shared amongst the
societls funds and the General Reserve. The Receipts and Payments account showed a surplus of £5,970. At the
year end the General ReseNe stood at £85,793.
In previous years, the Trustees took the decision to reduce the General Reserve of the Society. This has not been
possible in the past year. The Trustees have reviewed the results for 2022-23 and have concluded that income vs
expenditure will record a small increase in 2023-24. Any substantial reduction of the General fleserve will only be
achieved by making donations which are in line with our chèritable airns. This Is currently being consldered by the
Trustees.
The Trustees have developed a Reserves Policy which will be reviewed regularly along with the two other policles
of governance, namely the Risk Pollcy and the Safeguarding Policy.
Signed on behalf of the Trustees on 6 July 2023.
Mike Langley Ichalrmanl
Nilda Ginn (Treasurer)
RICHMOND CONCERT SOCIETY
BALANCE SHEEr
on 31 May 2023
31 May 2022
CURRENT ASSETS
Investments
COIF Fixed Interest Fund
COIF Investment Fund
COIF Paul Woodhouse Fund
34387
104332
14374
153094
35,181
84,694
14,477
134,353
Deposits
Redwood Bank
COIF Deposit
63100
17122
80222
61,682
12,671
74.353
Cash Funds
Lloyds Bank Current
Cash
9607
164
9771
243,087
29.959
152
30,111
237,117
NET ASSErs
REPRESENTED BY:
Restricted Funds
Muriel Dawson Fund
Paul Woodhouse Fund
Hazel Watson Fund
3,254
14,374
9,023
26.652
5,400
14,477
8,852
28.730
Unrestrirted Funds
YourFg Artists Fund
Mary Ryan Fund
WT Bryant Fund
Richard Oake Fund
Robert Stoker Fund
Howard Greenwood Fund
40.027
22,778
40,220
4,598
14,846
8.174
130.642
39,270
22,347
41,421
5,492
15,546
9,000
133.076
General ReseThe
Total Reserves
85,793
243,087
75.311
237,117
Please see the Movement of Funds report wlthin Notes (Note 21
Approved by the trustee5 and authorised for issue on 6 July 2023 and signed
on their behalf by..
N Ginn (Treasurer)
M Langley Ichairmanl
## **RICHMOND CONCERT SOCIETY**
## **RECEIPTS and PAYMENTS**
|**RECEIPTS**
Membership Fees
Friends
Sponsorships
Donations
Gift Aid recovered
Guest admissions
Programme sales
Refreshment donations
Bank/COIF interest
COIF dividends
Legacies
Other income
**PAYMENTS**
General admin
Publicity
Artists' fees
Venue hire
Piano hire & piano insurance
Streaming costs
Insurance and Performing Rights Fees
Programme costs
Refreshment costs
AGM costs
Attending scouting concerts
Howard Greenwood Memorial Concert
Bank charges incl Direct Debit
Muriel Dawson Award
Donations
Other expenditure
Surplus/deficit before market value adjustments
* COIF market value adjustments
**Total surplus for the year**|**2022-2023**
**£**
23,820
2,400
9,100
1,550
1,075
2,550
2,596
1,408
1,757
4,111
0
0
**50,367**
1,018
2,309
24,900
1,400
2,924
0
1,169
3,184
519
693
567
0
187
2,250
1,250
768
**43,138**
**7,229**
-1,259
**5,970**|**2021-2022**
**£**
22,515
2,950
4,950
1,355
1,491
2,080
1,986
454
614
4,137
10,500
120
**53,153**
547
1,726
24,590
2,430
6,182
1,000
695
2,945
19
254
0
2,358
154
2,000
2,000
437
**47,338**
**5,814**
-1,549
**4,266**|
|---|---|---|
* Unrealised loss
## **RICHMOND CONCERT SOCIETY** Registered Charity No 289897
Notes to the accounts for the year ended 31 May 2023
- 1 The accounts are prepared on the Receipts and Payments basis. Receipts and payments which took place this year, were previously shown in the Balance Sheet as ‘Income in advance’ and ‘Expenditure in advance’. These are now shown in current year’s figures, eliminating these two categories.
The investments are still re-stated at market value.
- 2 Income and market value adjustments resulting from all the investments are allocated on a pro rata basis from the General Reserve to the various Funds. (Transfer from GR to Fund).
Money is transferred out of restricted and unrestricted funds into the General Reserve in order to make a contribution to the named concerts as stipulated by the terms of the fund, and in the case of unrestricted funds, as decided by the Committee (Allocation to GR from Fund).
|||Total surplus|Transfer from|Allocation to||
|---|---|---|---|---|---|
||B/fwd|for the year|GR to fund|GR from fund|C/fwd|
|Restricted Funds:||||||
|Muriel Dawson Fund|5,400||104|2,250|3,254|
|Paul Woodhouse Fund|14,477||316|419|14,374|
|Hazel Watson Fund|8,852||171|0|9,023|
|Unrestricted Funds||||||
|Young Artists Fund|39,270||757|0|40,027|
|Mary Ryan Fund|22,347||431|0|22,778|
|WT Bryant Fund|41,421||799|2,000|40,220|
|Richard Oake Fund|5,492||106|1,000|4,598|
|Robert Stoker Fund|15,546||300|1,000|14,846|
|Howard Greenwood Fund|9,000||174|1,000|8,174|
|General Reserve|75,311|5,970|3,157|7,669|85,793|
|Totals|237,117|5,970|0|0|243,087|
- 3 No remuneration or expenses were paid during the year to any trustee other than the reimbursement of expenses borne on behalf of the Society. This year a scheme has been introduced which allows the members of the Music Committee to claim, up to a maximum value, for scouting, i.e. for attending concerts in order to assess artists for engagement.
- 4 There were no staff costs during the year. The position of lndependent Examiner is honorary.
- 5 The investment units sold in 2021-22 to lock in the market value increase have been repurchased during 2022-23. The value of the purchase was £20,000.
Independent examiner's report to the trustees of Richmond Concert Society
IA non-company charity preparing receipts and payments accounts) with a gross income of
£250,000 or less in the relevant financial year.
A charity registered in England no. 289897
I report to the trustees on my examination of the accounts of the Richmond Concert Society
(the Trust) for the year ended 31" May 2023.
Responsibilltles and basls of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts
in accordance with the requirements of the Charities Act 20111'the Act'l.
I report in respect of my examination of the Trust's accounts carried out under section 145
of the 2011 Act and in carrying out my examination I have followed all the applicable
Directions given by the Chaflty Commission under section 14515llbl of the Act
Independent examinerfs statement
I have completed my examin3tion. I confirm that no material matters have come to my
attention in connection with the examination giving me cause to believe that in any material
respect..
l. accounting records were not kept in respect of the Trust as required by section 130 of
the Act,. or
2. the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with. th.e
examination to which attention should be drawn in this report in order to enable a proper
understanding of the acrounts to be reached.
Signed..
rne.. Barry John Harrison of 58 Arundel Road. Kingston upon Thames, Surre¥ KT13RZ
th
Date= 30 June 2023