Charity I'egistralion number.. J06012
The Galpin Society
Annual Report and Financial Statements
tor the Year Ended 31 March 2024
Batch¢lor Coop Liinited
Tlie New Barn
Mill Lane
Easti'y
Sandwich
Kent
CT13 OJW

Tbe Galpin Society
Contents (continued)
Reference and Administrative Detai15
2to4
Ti'UStees' Repoil
Independent Examinei's Report
Statement of Financial Aciivitics
Balance Sheet
Notes lo the Financial Stateiments
8t0 12

The Galpin Society
Reference and Administrative Details
Charity Registration Number
306012
Prlncipal Office
24 Gloucesrer Road
Teddington
Middlesex
TWII ONU
Independent Examiner
Balchelor Coop Limited
The New Bw'n
Mill Lane
East17
Sandwich
Kcnt
CT13 OJW
Page I

The Galpin Society
Trustees, Report
The tI￿steeS pi'esent (he annual I'epoit Logethcr with the tinancial statements ol- thc chw'ity toi. the year ended 31
March 2024.
Objeetlves and actlvities
Objecls and aipns
l To proniute ihc sludy ol. the histoiy, constructiuii and funciiolls of musical instruments.
2 To turLliei' I'eseur¢li l?y Ili¥ publicalion ol. a.joui'iial
3 To propagate knowledge of instrumental hisloly by any oiher means
Public benejll
The charity ha5 met all its objectives set out above in 2020121 and in doing so th¢ trustees believe the chai'ity has
provided public benefit.
Th¢ LlllStLes confirm Ilial Lhey liavc Luimplied witl) the rLClUiI'¢meiils of section 17 of the Charities Act 2011 10
hsive due I'egai'd to the public b¢ncl il biuidiinLe published [))' IhL C'hai'ity Commission foi. EnglaF]d and Wales.
Achievements and performance
The LoiMI)iilLee was able ¢0 meet by Zooni on the usual four occassions with ongoing discussions between
offieLI's conducted as necessary. The So¢iL>Ly'S Annual General Meeting was held on Zoom in which repoits on
the Society's activities were pi'esented.
I'IIL Joui'nal li)r 20?.3-24 pulili.%liLd ii) Mdi'LII LiiidLI' Ilikn Ldili)1'4liip i)I' T)I' l..unce WliilellLi< d and l)r MibhdLI
lemiiig oi'¢'r8cuiiig iliL Inake-up aiiLI pi'iiiiiiis. (.'liris (yUI)diviii. Adiiiii)1.4li'&ini'. as4i4lLd iviil) IhL di.4(I'il)LIIic)11
whicli knc)nlinuLd i(? pi'L%ciil i)(Trslcil pi'()blems 8iliLL 14rLiiI .8uLh Els l)()n-¢ll'l'ival nf sevLral d()/.en ci)PiCs. 'I'hrL
i$SUL8 of IhL N¢w?IcllL'r were prDduLLd L)iilinc iiiider ihL edil01ship of Dr Lance Whitehead.
MatLLI'S L)I' di4eussion during ihe ve£ir iiicludcd issuing a PDf i.'ci'si0ii of IliL .l(iuriiJl a8 &ili addili()ii or iiii
lici'nuLivL to IhL papLI' ,l()Lll'n&il li)r i¥hiLh u11 1)nline p()11 ol. Inei)iliLrs wiis L'()IiLILiIILLI: Ihis $11(>ll'Ld ihiii InJnv ivLI'¢
iii Ilivour l?ut nol to IhL' ¥Kcliisioii vl. LIIL PitPLI' Joui'ndl. It abll'LLd Ili..
i&kc elTLLi foi. the year 2024-25. Plans were discussed l()I' IIIL l()I'iliL(Iiiijii4 C'cinl¥i'LlILL lo lal<L pluLL' Jl tlie
FdLuliy ul'Mu.%ic, University ol. Oxtord. in June 2024.
F.5cLIi(1115 WCI'L licld Ji Ihe ACTM which api)oinicd T)r Kireii Loomis as ReviLi¥S Ldili)I': Di. Cag¥aiidi'e
Baloss0-Bai'diii. T)r Sabii)c Klaus: Di. 141'<idlL'V 811'auclnLn-SLIiL'I'Lr iiiid Miiiii Wail/.nitsn M'LI'L LIL¥ied d5
CumniilleL MLml)eiE lind -l-rLislLes in plncc of lJrol-. (sabrielc R(18si Riiyiii)ni i%,li() li￿d coniplclLd his PLrivd or
serviLL Ulidei. thL' Lel'ms (If ihL SoLietv's RulLS Jnd Re¥ulali()iis i)r Pi'oi¢dui'e. Mai'k BalLhLlI)r L)1'14iilLhcli)I' Co()i?
was elected as Independent Examiner (Accounis}.
Financial review
Policy on reserves
l.laviiig expei'iLnLLd finanLi81 difficuliies in the past, IhL uflicci's and ¥onimillc¢ membei's liuvc decided i() I'itL1in
Sufficient resLIVf5 tt) cnsiii'e the chai'ity will not cNpei'ici)ce suLh diifiLuliies in Llic liiliii'i. Flowei.'Ir Llie
cornmiitce is currently considei'ing the ILN'el of resci've.s thal UI'L i)eLLicd lor the long tci'm and M'a?.8 in wliich
future fuiids Can be used to enliance the Lhai'itable olije¢iS of ihe society.
Jnveslmenipolicy ond objec'lives
The ollicers have adopted a conseiTr'&ilii'e appi'n&iLh to tlie investments of the charity and accordingly funds not
nccded foi. cui-rciit expiiiditure have bL'en invcsled with the Charities Aid Foundation.
Page 2

The Galpin Society
Trusttts, Report (continued)
Trustees and officers
The trustses and officers serving during the year and since the year end were as follows.
Trnslees..
Dr Graham Wells. Chairnian
Dr Lance Whitehead. Editor
Dr Bradlcy Strauchen-schcrcr
M5 Mimi Waitzman
Mrs Diana Wells. Archivist and Minutes Secrelary
Prof Arnold Myers, Vice Chairynan
Prof Gabriele Rossi-Rognoni, Committee member (resigned 24 June
2023)
Mr Owen Woods, Committee member
Dr Alice Little, Committee member
Dr Rachael Durkin. Committee member
Dr Simon Waters. Committee member
Dr Cassandre Balosso-Bardin (appointed 24 June 2023)
Dr Sabine Klaus (appointed 24 June 2023)
Dr Karen tA)omis, Reviews Editor (appointed 24 June 2023)
Strncthre? governance gnd management
N￿llre ofgoverning documenl
The Society wa5 founded in 1946 and is governcd by rulcs which were adopted in April 1973 and am¢nded in
2017.
Recn4ilmenl and appoinlmenl oflruslee
RL¥I'Liilment L}I' Lolxllllltrc meinbLfs with sufficient spare liixe to devote to fonvai'ding) the aiinb Oi the soci¢ty
b¢u()mc,% prf.)gi'LS4lkLly Irore diifiLult. The present comniiltee aiid board of Lrustees luigicly comprises
pr()lessiL?iial orgcinologi.s1.%.
Inducllon andiraining oftrustees
Two new committee members joined the committee this year and and the charity implemented its procedure5 for
acquainting new trustees with their responsibility as a trustee.
Page 3

The Galpin Society
Trustees, Report (continued)
Statement of Trustees, Responsibilliles
The tti]stees are responsible foi- preparing the truS￿eS, report and the financial statemertis in accordance with the
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accouniing Practice) and
applicable law and regulations.
The law applic&ble to Lharitics requires the trustces to pi'epare financial statments for each financial year which
givr a truc and fair vicw of thc slatc (If affairs ot- thc charily and of the inLoming resources and appliLation of
rcsourccs of thc charity for that PLI'iod. In prcparing th¢se financial st8temciits, thc Lrustces are rcquired to:
Select suitablc accounting policies <ind then apply them consistcnily.
observc the mcthods and prinLipl&s in the Charitics SURP-
makc judgcmenLs and e.stimates that arc Itasonable and prudent.
state INhether applicable accounting .standard.s have been followed. subject to any material departures
disclosed and explained in the financial statements. and
prepare th¢ financial statements on the going concern basis unles5 it is inappropriate ¢0 pi'esumc that the
chai'ity ivill continue in business.
The tru.st¢es are responsible foi- keeping proper accounting records that disclose wilh reasonable accuracy at any
timL IhL liiiancial i)i)silioi) ol. IhL charity and enable them to ensure that the financial statements comply with the
Clidi'iEILS ALI 2011. Ilie C'liai'ities (Accounts and Reporls) Regulations 2008, and the provisions ot the
con8tiliitiDii. I he irusLeL5 ai'L ulso responsible for .%alcgLiui'ding the assets of the charity and henc¢ for taking
reasonablc steps foi. the pi'cvention and detection of Ii'dud and othei. irregulai'ilies.
The trustees are responsible for the maintenance and integrity ot. the corporate and financial inl(?rinniion
included on the ch￿-itable company's website. Legislalioi) goiierning the prepai'alion and dissemiiiuli(In of
financial statements may differ from legislation in other jurisdictions.
The annual report ivas approved by the trustees of the charity on 13 June 2024 and signed on ils behalf by-
r Graham Wells
Trusiee
Page 4

The Galpin Society
Independent Examiner's Report to the trustees of The Galpin Society
I report to the trustees on my examination ol- the accounts ot The Galpin Society tor the year ended 31 March
2024.
Responsibllities and basls of report
As the ehai-ity trusLees of The Galpin SocieLy you are responsible for the preparation of the accounts in
acLordance with the requirements of the Charities Act 2011 {'the Act,).
I rcport in respcLI ot my examination of the 'fhc Galpin Socicty's accounts cari-ied out undcr section 145 of the
2011 Act and in carrying out my examinaLion I have followed all the applicahle Ilirection.s given by Ihc Charity
Cofflmission undcr scction 145{5){b) ot-the ALI.
Independent examiner's statement
I have complcted my cxaininatinn. I contirm thdl no material mattcrs have come to my atlcnlion in ¢nnncction
with the examination giving me cause ￿ believe that in any material respect:
accounting records ivcrc not kept in rc5pecL of The Galpin Society as required by section 130 of the Acl or
2. the accounts do not accord with those records. or
3. the accounts do not comply with the accounting I'equirements concci'ning the form and conten¢ of accounts
sel out in Ihe Chai-ilies (Accounts and Repoitsl Regulations 2008 other than any requiremet)i that the
accounts give a 'true and fair view, which is not a matter considered as part of an independent
examination.
I have no concerns and liave come across no oihcr matters in connection with the examination lo which attention
should be diawn in this report in ol'der to enable a proper understanding of the accounts to be reached.
Mai'k Bat¢heloi' BSC. FCA.
ICAEW
TheNew Bai
Mill Lane
EasLry
Sandwich
Kcnt
c'r13 OJW
14 June 2024
Page 5

The Galpin Society
Statement of Financial Activities for the Year Ended 31 March 2024
Unrestrleted
Restrieted
nds
Total
2024
Not¢
Ineome and Endowments from:
Donation5 and legacies
Charitable aLtivitics
Investmcnt income
21,970
5.461
362
21,970
5.461
362
Total Incomc
27,793
27.793
Expenditure
Charitable activities
Govcmancc costs
(17,6161
(14,627)
{250)
(17,8661
(14,627)
Total Expenditure
Net movement in funds
(J2.2431
(2501
(32,4931
(4,450)
{250)
(4,700)
Reeonciliation of funds
Total funds brought forward
Total funds carried foiivard
8.031
43,788
12
7.781
39,088
Unre5trlcted
funds
Restricted
fund5
Total
2023
Note
Income and Endowments from:
Donations and legacies
Charitable activities
Investment income
21,671
6.022
49
21,671
6,022
49
Total Income
27,742
27,742
Expenditure on-
Chdrilable activities
CJOVCI'nancc Cubts
(16,740)
(9.623)
(250)
(16,990)
19.623)
Total E.'xpendilurc
(26,3631
12501
(26,6131
Nel movement in tund5
1.379
1250)
1.129
Reconciliation of funds
Total funds brought forward
8.281
42.658
Total funds C￿Tled foiiwai'd
12
i5.756
8.031
43,787
All of the charity's activities dei'ive from continuing operation5 dtsring the above two periods.
The funds breakdown for 2023 is shown in notc 12.
The notes on pages 8 to 12 form an integral parl of these financial statements.
Page 6

The Galpin Society
(Registration number: 306012)
Balance Slieet as at 31 March 2024
2024
2023
Note
Current &5sets
Stocks
Debtors
Cash at bank and in hand
1,800
7,026
38,539
2,050
975
411.789
io
47.365
51,814
Creditors: Amounts falling due wlthin one year
Net assets
(8.277)
(8.027)
39.088
43.7%7
Funds of the charity:
Restrleted income funds
Restricted funds
7,781
8.031
Unrestricted ineome funds
Unrestricted ￿rtdS
31.307
35.756
Total funds
12
39,088
43,787
The financial statements on pages 6 to 12 were approved by the trust¢¢s, and authorised for issu¢ on 13 June
2024 and signed on their behalf by:
P//LbA
Truscee
Mrs Diana We115
Trnstee
The notes on pages 8 to 12 form at) integral part of these financial statements.
Page 7

The Galpin Society
Notes to the Financial Statements for the Year Ended 31 March 2024
l Aecountlng policies
Statement of compliance
'I"lie l inaiiLial stoiLmeni.s lidV¢ been prepared iii aL¢ui.dance wilh the sc¢iind editiot) of the Cliai'ities Statement of
R¢comincnded I'i'iiLIiLC i55U¥LI in OLlI)bcr 201 Y. thL. F'indnci411 Rcpi)rting Standard applicLihle in the United
Kingdnm and RepubliL ol- Ii'eland I I-RS 1021 and LIIL L'.harities ACL 2011.
Basls of preparatlon
Tlie Criilpin Si)eiety m¢els the definition of a public benefit entity unclLr FRS 102. The accounts Ifsnancial
.stulLiiiciil%) liavc beeli pi'cpai'c(l under the historical cost conventioi) will) iteins recognised at cost or trat)s&ction
value unless otherwise stated in the relevant note(s) to these accounts.
Going concern
The trustees consider that therc are no material uncertaintie5 about the charity's ability to continue as a going
conceim.
Income and eDdowmeDts
Vnluiilaiy inc(1111c ii1Lludiiio dciti￿lI()l1%. gin%, legLILICS &iid grants that either provide ¢<)re tundiiig or is of a
genli'al naLUI'C IS I'LL0￿1715L￿ H'li¥n lh¥ Lhai'il), lias iiiiiilLnient to the income, it is probul)IL thai the income will
be I'CLeiiied aiid Ilie ¢imounL L1< 11 hc mLasured iiiiili sun Icient reliability.
DonaÉlons and legaeles
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be
Irliably measured.
Deferred iHcome
DLfLI'i'ed income represL'I)15 aniuunts received for future periods at)d is released to in¢omiiig Irsources in the
pcriud foi. which. it h&5 b¢Ln I'eLcived. Such income is only deferred when-
The membership subscription Irceived relates to the subscription year following the year of receipt.
Expeiidilure
ALI LIPLlldiiure is ircognised once ihere is a Icgal or Lon%tructiVL ()bliga¢ion to that expenditui'e, it is probable
setilement is required and the amount can be measui'ed relithl)ly. All costs al-e allocated to the applicable
¢%pciidiLure licading LliaL tiegi'Lg?alc similai. costs to that ¢atcEJ(11's'. Where costs cani)o¢ be directly aLtI'ibu¢ed to
purticular hcadings IliLv Iiave bLen alloculed on & basis con5i.4lenL With ihe use of resources. with central staff
LU.4ts dllGLal¥d uii Ihc basis (If liiiie spent. and depreciation chargcs allocated on the portion ol. the asset's use.
Othei. support costs are allocated based on the spread of staff costs.
Charitoble activliies
Charitable expenditure ¢ompi'ises thus¢ Lusts inLui'i'ed by th¢ Lharity in the delivery of ils uLlivilies anLI serviL¥S
for its benefi¢iarie5. It includes both ¢os(S thai can be allocatcd dii-ectly Cc, such activities and those costs of (Ili
indirect nature necessary to support them.
GraNIprnvislons
Provisions for grant5 are made when the it)tention to m&kc a gran¢ has been communicated to the recipient but
there is uncertainty about either the timing of the grant or the amount of 8rant payable.
Page 8

Th¢ Galpin Society
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
Governance eosts
Thesr includ¢ the costs attributable to thc charity's compliance with constitutional and statutory requirements.
inLluding iiudit. .8tratcgic management and Iruslce.s mcctings and reimbursed expcnses.
Stock
Stock 15 valued at the lower of cost and cstimaicd yclling price Icss Costs to Loinplelc and sell. after duc regard
tor obsnlelc and sluw moving stocks. Cost is diterniiiicd u.sing thc firsi-in. fir.st-(IUL (FIFO).
Cash and cAsh equivalents
C.'ash i& lid ¥u%h cquivalents comprise cash on hand and call d¢tK)sils, and nihei- short-IL'riii highly liquid
iiii'eslincnl.8 Lli4iL are readily ronvLI'iible to a knoMry] amount of and al'e subj¢LI to an in%i&Jnificant risk of
LhangL iii valuL.
2 Income from dona¢ion5 and legacies
Unrestricted
funds
Tot41
2024
Total
2023
General
Donations and subscriptions:
Donations
Membcrship subscriptions
Open acLCSS
1,489
18.981
1.500
1.489
18.981
1.500
975
19,197
1.499
21,970
21.970
21,671
Unrestricted
funds
General
Total
funds
Donations and legacies:
Donations from individuals
Regular siving and capital donations
Total for 2024
1.489
20,481
1,489
20,481
21,970
21,970
Tot41 for 2023
21,671
21,671
Page 9

The Galpin Society
Notes to the Financial Statements for the Year Ended 31 Marcb 2024 (continued)
3 Income from Charitable &etivitles
Unrestrlct¢d
fuDds
General
Total
nds
Royalties
Sales of back numbcrs
Advertising rwenuc
5,027
34
400
5.027
34
400
5.461
Total for 2024
5.461
6.022
6.022
Totsl for 2023
4 1uvestm¢nt Income
Unrutricted
funds
General
Total
funds
Interest receivable and similar income;
Interest receivable on b￿k deposits
Total for 2024
362
362
362
362
49
49
Totsl for 2023
S Trustees remuneration and expellses
During the year the charity made the following transactions with trustees:
Dr Lanc¢ Whit¢htad
Dr Lance Whitehead received remuneration of £5.483 (2023: £5.517) and £240 (2023: £Nil) of cxpenses wcre
rcimburscd to Dr Lance Whilehead during the ycar.
Dr Lance Whitchead was elected a5 Vice Chairman ofThe Society on 3 Junc 2017.
Prior to the appointment he previously h¢ld the posi¢ion of Editor of the Journal which is a remunerated
pc)siti(In.
I IL Lunliniied to pci'fui'm the fuiicLion ol. F".ditor aftei. hi% appointment as VicL Chairmtti) aiid while I'¢LLiviiig no
I'eiiiunei'uiion for Eiiher of his roses of Vic¢ Chairi￿an L)I' Iriistee he coniinucd to rcLLiVC remunerulioii li)I' the
role of Editor.
Mrs DlaDa WelLs
£568 (2023.. £322) of expenses were r¢imbur5ed to Mrs Diana Wells during the year.
Mrs Wells r¢ceived reimbursement of postage costs incurred in her rol¢ os Archivist and Minutes Secretary
Page 10

The Galpin Society
Notes to the Finanelal Statements for the Year Ended 31 March 2024 (continued)
6 Independent examlner's remullération
2024
2023
Other fees to examiners
Examination-rclatcd assurance services
726
809
7 Taxydtion
The charily is a regist¢r¢d charity and is thereforc cxempt from taxation.
8 Stoek
2024
2023
Stocks
1.800
2,050
9 Debtors
2024
2023
Accrued income
7,026
975
Accrued income relates lo Gift Aid tax ivhich is due to be reclaimed for the year.
10 Cash and cash equlvalents
2024
2023
Cash at bank
38.539
48,789
I I Creditors: amounts falling due withln one year
2024
2023
Accruals
Deferred income
1,399
6,878
828
7.199
8277
8.027
Pagell

The Galpin Society
Notes to the Flnancial Statements for the Year Ended 31 March 2024 (eODtinued)
12 Funds
Balanc¢ at I
Aprll 2023
Incoming
resources
Resources
expended
Balance at 31
Mareh 2024
Unrestrlcted funds
Gen¢r81
35,757
27,793
132,243)
(250)
31,307
Restrleted funds
8,031
7,781
Total funds
43,788
27.793
{32,493)
39.088
Balance at I
April 2022
Inti)ming
resources
Resources
expended
BalAnee at 31
March 2023
Unrthricted fund5
Unrestrirted general fiJnds
34.377
27,742
(26,363)
35.756
Restrlcted funds
8.281
1250)
8.031
Total funds
42.658
27,742
(26.613)
43.787
Pagc 12