Charity registration number.. 306012 The Galpin Society Annual R¢port and Financial Statemcnts for thE Year EDded 31 Mar¢h 2026 Batchelor Coop Limited The New BaTn Mill Lane Ea.%try Sandwich Kent CT13 OJW
The Galpin Society Contents (continu¢d) Referen¢e and Administrativ¢ Del&ils Truste¢s' Report 2to4 Indcpendent Bxaminer's Report Statement ot'Financial Activilies Balanct Sheet Notes to the Financial Statement5 8 10 12
The Galpin Society Reference and Administrative Details Charity ReglstrAtion Nurnb¢r 306012 PriD¢lp41 Offict 3 DolGey Way Sharnbrook Bedford MK44 ILE Independent ExomlnET Balch¢lor Coop Limited The N¢w BaTn Mill Lane Easlry Sandwich Kenl CT13 OJW Page I
The G#lpin Society Trustees, Report The trustees prescnt thc annual report tO8dher with thc financial 5tatem¢nts of the charity for the year ended 31 March 2026. Objeetlves and aetlvities Objecls Ilrtdnlfftf l To promot¢ the study of the hi510ry, construction and functions of musical in5trum¢nt$. 2 To further r¢s¢&rch by the publication of a journal 3 To propagate knowledge of instrumental history by any othcr means Publlc benefil The charity has mct all it5 objectives stt out above in 2020121 and in doing so the trustees believe (he charity has provided publi¢ ben¢fJt. The trustccs Confirm Ihat they hBve complied with thc rcquiremenis Of section 17 of th¢ Charities Act 2011 to hAV¢ du¢ regard to the public benefit guidanc¢ publish¢d by th¢ Charity Commission for England and Wales. Achievements performance The 77th AGM of the Galpin Society held in at the Royal Coll¢ge of Music on 8 SeptembeT 2025, fjnaltsing or¥anisational Changes to election and tenure of ¢omrnitiee members, a process begun at an EGM on 5 July. The retirement of the long8tanding editor of the Journal, Lance Whitehead. on the grounds of ill hcalth. just after producin8 thc Galpin Society Joumal vol. 78 in March 2025. was followed by another blow. the retiiem¢nt of Ihe Newsletter and Jour¢Jal Produ¢tion Editor Michael Fleming, also on grounds of ill health. around ihe end of 2025 Fortunately the editorial Committee set up to carry out the work forTTh¢¥ly don¢ by Lance Whitth¢ad Ith¢ ¢llrrent chair. plus Rachael Durkin, Karen Loomis. Ca5salldre BalossowBardin, and Simon Waters, with editorial ossistant Aria[& Rigamontil was now join¢d by a very able typeselting and production editor I l¢ik¢ Fricke, and their combined efforts led to the prodiiction of a very 511bstantial annual Journal, vol. 79, just a little later in the year UIAn usual, in May 2026, with eight substantial gnd well-illllstrated artscle5, plus r¢vi¢ws, obituaries etc. Mcanwhile an acting Ncw51etter Editor. Christopher Goodwin, produced three issues of ihe Newsletter, after Michael Fleming and Maggie Kilbey relinquished this role. The financial siluation has improved somewhat in the 2025-2026 QUntIl)g year, wlth better ¢ontrol of costs and mor¢ work don¢ pro bono. though m¢mbership ¢ontinues gently to decline,. plans are afoot to tackle thig.with the opiion of a PDF-only membership. likely to b¢ popular with student5. and wilh ihc creation of a new TOIE of Communications Officer in the 2026-2027 reporting year to r¢vitali8e the newsletter, website and social mcdia pr¢sen¢e, and to butld closcr relationships with sister organisation5 111 th¢ musi¢ world. Pr¢parations weT¢ also mad¢ for the June 2026 biennial conleren¢e at Northumbria University. Flnancial revlew Policy ON reserv Having expcrienced financial difficulties it) the past, the officers and committee m¢mb¢rs have decided io rethin S7r]ent res¢rves to ¢nsure the charity will Not experi¢nce such dIlCUltieS in tlie future. Flowever the committeE is currenily ¢onsiderin¥ the level of reserves that are needed for the long term and ways in whi¢h futurE fvrtds can be used lo enhance tlie charitable tsbjects of tlic society. Pag¢ 2
The Galpin Society Trustees, Report (continued) liiveslmenlpnllcy objecilvo The Dfficers have adopted a conservative approach to the investll]ents of the charity and acwrdingly funds not n¢¢ded for ¢iirrent expenditure hav¢ bcen investcd with the Charities Aid Foundation. Tstee$ and officers The Iru5tccs and officers serving durin ihe year and sillce the year end w¢re as follows.. Trustees.. Prof Gabriel¢ Rossi-Rognoni, Chairman Dr Bradley Straii¢hen-Sclier¢r Ms Mitnr WaitLnan Dr Heik¢ Marianne FriEke {appoinied 8 September 20251 MTS Diana W¢115. Ar¢hivist and Minutes Seciciary Prof Arnold Myer5. Vice Chairman Mr Owen Woods, Commiltee member Dr Alice Little, Committee member Ircsigned 14 July 20251 Dr Ra¢hael Durkin, Commiltcr tnemb¢r Ire5igll¢d 14 July 20251 Dr Simon Waters, Committee member Dr Cassandr¢ Balosso-Bardin Dr Sabine Klaus Dr Karen Loomis. Reviews Edrtor Strutture* goverTJ8n¢¢ ind management Naiure olgnverrting rfoeumeKt The Socicty MTrS founded itb 1946 and is governed by rules which were adopted in April 1973 and amended in 2017. RÉcruilment rtnduppoiKlmenloflrN$iees Recruiiment of committee Tncmbers with suffici¢nt spare time to devote to foTwardin8 th¢ aims of the soci¢ty b¢romes pro¥ressively more difyicult. The pres¢nt committee and bo1 of tr115tees largely comprises professional orbJanoloBists. Iniluctlon and Irr71#lng ol¢ru.flee5 Two new Committee menibers joined th¢ commtttee this year and and tlie charity implemettled its procedures for aGquainting new trusiee5 Wlth their responsibility #s a trustrt. Pa¥e 3
The Galpin Society Tru51ees' Report (continued) Statenbent of Trwst¢es' Rospon$lbllltles The trustees ale responsible for preparing the trugtces, report and the finHncial statcments in accordance with the Unittd Kingdom A¢countin&, Standards (United Kingdom Generajty AccEpt¢d Accounting PractiGel and applicable law aThd regulations. The law applicable to charities reqllires the trustees to prepare financial statements for each financial ycar which give a tru¢ and fair view of the state of affairs of th¢ charity and of the inconiing resour¢es and application of r¢sDufc¢5 of the charity for that period. In prepaiiiig ih¢se financial stat¢ment5, the Iru5t¢¢s ar¢ rEquir¢d to.. select suiiable &¢¢ounting poli¢ies and th¢n apply them consistently. obscrve thc rncthods and principles in the Charities SORP., mak¢ jlldgem¢nls and ¢stimates that are reasonable and prudent,. stale whether applicable accounting standards have been followcd. subject to any materKal departtw¢s dis¢los¢d and explained in the fjnancial stat¢ments,' and prepare the fillan¢ial statcments on th¢ going conc¢rn basis unle55 It is inappropriate to presume that th¢ chority will conlinue in busin¢ss. Th¢ trustee5 are re5pon5ible for keeping proper accounting rerord5 that disclosc with reasonable accuracy at aThy time the financial position of the charity and enable ihem to ensurc that the financial statemcnts ¢omply with the Chariti¢s Aet 2011. the Charities (Accounts and Reports) Regulations 2008, and tlic provision5 of tlie constitution. The trustees are also responsible for safeguardiThg the assets of the charity and h¢n¢e for taking r¢asoDable steps for the prevention and detection of fraud and other irre£ularities. Thc trustees are responsible for thc maintenance and integrity of the corporate and flnancial information in¢lud¢d on the charithble compan5 wBbsit¢. L¢gislatiOn &Foverning the pr¢paration and dissemination of financial statemcThts tnay differ from legislation in other jurisdictions. The annual report was approv by th¢ tfU5t¢¢s of the chartty on 10 AugLL8t 2026 and 518ned on it5 b¢half by.. Prof abrielc R Trustee si-Ro¥noni Page 4
The GalpiD Society Independent Examiner'5 Report to the trustees of Th¢ Galpin Society I report to the trustees on my examination of the aountS of The Galpin Society for the year endtd 3 1 March 2026. RespoD8lbilities and ba51s of report As the chariry tru5tccs of The Galpio Society you are respon5iblc for the preparation of the accounts in accordance with the Tequirements of th¢ Charities Act 2011 I'the Act'l. I report in Tespect of my examination of lh¢ The Galpin Soctety's accounts carTied out under section 145 of the 2011 Act and in carrying tsut my examination I have followed all tli¢ applicable Directions given by ili¢ Charity Commission und¢r section 145(5)Ibl of thc Act. IDdependent e%imlner's st*ternent I have completed my ¢xamiiiation. I ronfirm thal no material matters have Come to my attention in conneotion with the examination giving rne cause to believe that in any material r¢spe¢t'. a¢¢ounting r¢¢ord5 were not kcpt in r¢spect of Th¢ Galpio Society as required by seGtion 130 of the Act; or 2. the a¢counts do not accord with thos¢ r¢cords,' or 3. the account5 do noi COTnply with the accounting requirements conc¢rntng the form and content of accounts set out in the Charities IA¢counts and Reports) Regulations 2008 other than any r¢quir¢Thent that the accounts give a 'true and fair view which is not a matter ¢on5idered as part of ind¢p¢ndenl examination. I have no concerns and have comc aeross no other matters in ¢onn¢ction with the examination to which att¢ntion should be drawn in this Teport in OTdcr to enabl¢ a prop¢r und¢rsianding of ihe accounts to be rcached. Mark Batchtlor BSC. FCA. ICAEW The New Barn Mill Lane Etry Sandwich Kenl CT13 OJW I l August 2026 Page S
The Galpin Society Stalement of Financial Activitie3 for th¢ Y¢ar Ellded 31 March 2026 Unrestricted funds Restrlettd fund5 TotAI 2026 Note Income Endowments fTOm'. Donations and legacies Charitsble activities Investment income 23.489 5,775 323 23.489 5,775 323 Total Income 29,587 29,587 Expenditure on: Charitable activities 112,6431 (12,524) (2501 (12,893) 12,524) Governan¢¢ ¢osts Total Expenditure Net movement in funds 125.1671 2501 {25.4171 4,420 12501 4.170 ReconclliAtion of fund5 Total fund5 brought forw2rd 28.957 7,520 36,477 Total funds Carried forward 12 33,377 7.270 4Q,647 Unrestriet¢O funds Restricted funds Tvl*l 2025 Nvte In£ome #nd Endowments from.. Donations ahd le8acies Charitable activitle5 Investslltnt income 21,742 5.544 377 21,742 5.544 377 Total Incoine 27,663 27,663 Expendlture on: Charitabl¢ a¢tivities Governdnce costs {17,9681 {12.0451 12611 (18,2291 (12,0451 Total Exp¢nditur¢ 130.0131 12611 130,2741 Net movement in fvnds 12.3501 (2611 RecDnciligJlion of fund5 Totsl funds brought forward 31,307 7,78 1 39,D88 To141 fwids carried forward 12 28,957 7,520 36,477 All of thc charity's activitle5 derivc from ¢ontinuing OP¢Taiions during the abovc two periods. The funds bieak(lown for 2025 is shown in note 12. The notes on pag¢5 8 to 12 form an integral part of th¢3e flnancial statemcnts. Page 6
The Galpln Soiiety (Registration number: 306012) Balance Sheet at 31 March 2026 Z&2 2015 No¢¢ Stock5 D¥btors C8th atbwjk and IA hand 1.40Q 903 50.(4JO 52.903 1.6 966 43,251 45,817 Cr¢dltors: Amountj fAilinR due wlthin one year Nel *M¢ts {12.2561 {9.3401 40.647 36.477 Funds orth¢ charity: Reatrfrted iDcomt R¢stricred fuN(15 7.270 7,520 Unr¢Jlri¢ted in¢•rntr Unrgstricted fund5 33.377 28.917 Totsl (und8 l2 40.647 36.477 Tlie financittl staine pthges 6 12 re epproved by the tnth98. 4nd authoris¢d for issuo ¢)]J lo A%st 2026 and si3nBd on their b¢half by.. Pro bn¢le Ros¥ Rowioni IEQ Mr8 Diana W¢lls Truttec ThE not¢5 on puges 8 to 12 form an inte8rai parl ofthese fittattcl ststements. P4ge 7
The Galpin Society Notes to the Financial Statements for the Year Ended 31 March 2026 l Actounting policies Statement of compliance The financial slalements have been prepared in accordance with the second edition of th¢ Charities Statement of Recommcnded Practice issued in October 2019, the Financial Reporting StJrtdard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and thc Charitics Act 2011. Basis of preparatlo Tht Galpin Society mccts the definition of a publi¢ benefit ¢ntity under FRS 102. Thc accounts {fittanciAI statements) have been prepared under ihe historical cost Convention with it¢ms rQgniSed at rost OT tr&Dsa¢tion valuc unlE55 Otherwise slated in the r¢levani notelsl to th¢s¢ a¢¢ounts. Going eonccrn The trustees consider that thcre are no materiAI un¢ertainiies &bout the charity's ability to continue as a goin8 ¢oncern. Income And tndowments Voluntary income including donAtions. gifts. legacies and grants that either provide core thdirtg or is of a g¢n¢ral nature is recogniscd wlien the cliaiity has entitl¢nient to die income. IÉ is probable that the incomc will be received and the amollnl can be mured with suffi¢ieTht reliability. Donalion5 und legllcies Donations and legacies are reco8niscd on a receivable basis when receipt is probable and the amount ¢an be reliably mca8ured. Deferred1come Deferred income represents amounts received for fulure period5 and is released to incoming rcsources in the period for which. it has been received. Such incorne is onty dcfcrred when.. The membership subscription r¢¢¢iv¢d Telat¢s to the subscription year following the year of receipt. EXpejhdlre All cxpenditure is recognised once there is a legal or ¢onstructive obligation to that exp¢ndilure, it is probable s¢ttlement is required and the amount ¢an be nieasiired reliably. All co5t5 are allocated to the applicablc expenditure lieading ihat aggT£galc similar costs to that category. Wlieie costs cannot b¢ directly attributcd to Particular headings they have bccn allocated ort a basis consistent with the use of resourc¢s, with central staff osts allocated on tlie basis of time spent, and depreciAlion ¢harg¢s allocated on Ihe portion of the a55et's use. Other support costs ar¢ allo¢ai¢d bas¢d on the spread of staff costs. ChariltTble oeilvlrtes Charitable expendi1¢ comprises th(tse ¢osts incurred by the charity in the d¢livery of its activities and services for its beneficiaries. Tt include8 both costs that can be allocated dire¢tly to such activities and those rosts of an indirect nature n¢c¢s5ary to support them. Provi5ion5 for grants are made when the intenlion to make 74 grant has beety communicated to the rccipient but therE is uncertainty abolit either the timing of the grant or the amount of Brant payable. Page 8
The Galpin Society Notes to the Fin2neial Statenients for the Year Ended 31 March 2026 (continued) Governance tosts These include the costs attributable to ihe charity's ¢ompliancc with constitutional an(1 statutory requirements. in¢luding audit. Stratcgic maJJagem¢nt and trusiees meetings and ieimburs¢d expenses. Sto¢k Siock is valucd at the lower tsf cost and Estirnoted selling price Icss tosts tD complete and sell, after due regard for obsolete and slow moving stocks. Cost is det¢rmined using the firsl-in. fiTSt-out {FIFOI. Cash and ossh equivalevts Cgsh and cash equivalents compT15e ¢ash on hand and call deposits, and other short-¢erm highly liquid investments that are readily conv¢rtible to a known amount of cash and ar¢ gubject tts an insignificaiil risk of changE in value, I Income from don4tlon5 and Icgacie5 Unrestricted Total 2026 Totsl 2025 Ceneral Donations and 5ubs¢riptions', Donations Membership subs¢TlPtion8 Open a¢¢ess 1,015 19,977 750 21,6111 750 21,618 750 23.489 23,489 21,742 Unrtstricted Totgl rllnds Gen¢ral Donations and legacies- Donations from individuals Regular giving and capithl donations Total for 2026 22.368 22,368 23,489 23.489 Total for 21125 21.742 21,742 Page 9
The Galpin Society Notes to the Financial Statements for the Year Ended 31 March 2026 (¢ontlnu¢d) 3 Income ehaTltsbl¢ g¢tfvltlt$ Unrtstrlcled runds GenerAI Totsl Royalti¢s Sales of back numbtr5 Advertising revertue 4.730 190 855 4,730 190 855 Totsl for 2026 5.775 5,775 Total ftsr 2025 5,544 5.544 4 InY¢s¢m¢nt Income U4r¢strltted funds CenerBI Total ndg Interest receivable and sitnilar irtromE,' lttterest re1Vable on bank d¢posits 323 323 Total for 2026 323 323 Total for 2025 377 377 S Trugttes remuneratlon exp¢ns¢B During the year the charity m&d¢ the following transaction5 With trths: Mrs Dlgna Wells £Nil (2025.. £3491 of expenses weTe T¢imbursed to Mrs Diana Wells during th¢ ye8r. Mrs Wells r¢c¢ived reimbuTs¢ment of p¢x8tage costs iticurred In her role as Archivist and Minutes Secretary Page 10
The GRlpin Society Notes to the Finanei81 Statements for the Yegr Fnded 31 March 2026 (continued) 6 1nd¥pend¢nt examiner's rernuntr4tion 2026 2025 Other fees to examiners Examination-related as5uran¢¢ s¢rvice5 912 Out of balance to b.xaminer5 n)u¢rtIOn cat¢gory 1921) 7 Taxatlon The charity is È re8lStered charity and is th¢refore exempt from taxation. 8 S¢ock 2026 2025 Stocks 1,400 1.600 9 Debtors 2026 2025 Accru¢d incom¢ 903 966 AGcrued in¢ome relates to Gift Aid tax which is due to be wloimed for the year. 10 Cosh and essh equivalents 2026 2025 Cash at bank 50,600 43,251 11 Credltors: Amounts filling due withln one yegr 2026 2025 Accrnals Deferred income 6,385 5,871 864 8,476 12.256 9,340 Pag¢ll
The Galpin Society Not¢s to the Financial Stat¢m¢nts for th¢ Year End¢d 31 March 2026 (continued) 12 Funds BgIADce it I April 2025 Incornlng re50urrt$ Resour¢¢s txpended B91•D¢e gt 31 MArth 2026 UnrestrlctEd fund5 Genersil 28.957 29.587 125,1671 1250 33,377 Rrstrittcd 7.520 7.270 Totxl funds 36,477 29,587 125,4171 40,647 Balance at I Aprll 2024 Ineombhg resourcej Re$Diirces expended Balance At 31 2025 Ullrestrleted fuDds u[51r7rtcd genrra] fvnds 31,307 27.663 130,OI3) 28.957 Restrlcted fundj 7.781 261 7.520 Total fund 39.088 27.663 (30,274 36,477 Pa8¢ 12