2010 Summary annual report and accounts - The Victorian Society


2010 Summary annual report and accounts - The Victorian Society


2010 ANNUAL REPORTPatronHRH The Duke of Gloucester KG, GCVOPresidentThe Lord BriggsVice PresidentsSir David CannadineThe Lord Howarth of Newport CBESir Simon JenkinsGriff Rhys JonesFiona MacCarthy OBETrusteesProfessor Hilary Grainger, ChairmanAndrew Coleman, Vice Chair, and FinanceKate Davey, LegalAlasdair Glass, Non-executiveRosemary Hill, Non-executiveDr David Low, Non-executiveKen Moth, CaseworkSteve Roman, MembershipRoy Williams CB, Non-executiveRegional Group ChairsBirmingham Stephen HartlandLeicester Jon GoodallLiverpool Graham FisherManchester David HarwoodSouth Yorkshire Valerie Bayliss CBWales Elaine DaveyWest Yorkshire Peter HirschmannEvents CommitteeMichael Hall, ChairmanDr Geoff BrandwoodDr Steven BrindleMaya DonelanMichael PearsonYvonne PinesJane Wainwright OBEMichael WhitakerNorthern Buildings CommitteeKen Moth, ChairmanJules BrownJennifer ChambersAlan DaviesAndy FosterMichael GreenDr Chris HammondKirsten McKnightDominic RobertsKathryn SatherRichard TinkerMark WatsonStaffDirectorDr Ian DungavellConservation AdvisersAlex Baldwin (to 8 October 2010)Tim BridgesHeloise BrownChris Costelloe (from 20 October 2010)Edmund Harris (from 12 April 2010)Kristian Kaminski (to 17 March 2010)Campaigns OfficerKatie GunningAdministratorRichard SeedhouseEvents AdministratorJane JephcoteThe Victorian Society1 Priory GardensBedford ParkLondon W4 1TTadmin@victoriansociety.org.ukwww.victoriansociety.org.ukRegistered Charity No 1081435Company Registration No 3940996BankersUnity Trust Bank plcNine BrindleyplaceBirmingham B1 2HBBarclaysHammersmith Business Centre GroupLondon W6 9HYCOIF Charities Funds80 CheapsideLondon EC2V 6DZAuditorsDerek Rothera and CompanyUnits 15 and 167 Wenlock RoadLondon N1 7SLSouthern Buildings CommitteeJohn Scott (Chairman)Dr Timothy Brittain-CatlinDr Edward DiestelkampDr Brent ElliottMaggie GoodallDr Elain HarwoodPeter HowellCharles LawrenceBeverley MogfordBrian Morton MBEBenedict O’LooneyMark PriceDr Aileen ReidProfessor Andrew SaintTeresa Sladen02During the year wevisited St Barnabas,Ranmore Common,Surrey, a magnificentestate churchof 1859 designed bySir George GilbertScott.

What’s theproblem?Architecture suffers more from change than other artforms, for it has to satisfy practical needs as well asaesthetic ones. Buildings must earn their keep. Roomsare subdivided or knocked together, access ramps built,whole new wings added, or whole buildingsdemolished. And sometimes changes are made purelyas a matter of taste or expediency, when no one woulddream of treating paintings or sculpture in a similar way.In providing for seemingly urgent but often short-termrequirements, much can be lost. The Victorian Societywants people to take a long term view about theirbuildings, and pause to appreciate what is special aboutthem, so that future generations can enjoy them as wedo.People today are more likely to understand the quality ofVictorian and Edwardian architecture, thanks partly toour campaigns over the past fifty years. It is rare to hearVictorian buildings thoughtlessly denigrated as they oncewere, but still their very ubiquity can blind us to theirvirtues.In the past, great Victorian buildings such as the ForeignOffice in Whitehall, Albert Dock in Liverpool and theManchester Town Hall were all threatened withdemolition. But still today many good buildings such asschools, hospitals and ordinary houses are being lost orinsensitively altered. Local people may stand up forthem, but they benefit enormously from the knowledgeand expertise of the Victorian Society.2010 ANNUAL REPORT 03

2010 ANNUAL REPORT04Detail of carving inthe Mayor’s Parlourat Rochdale TownHall (1868-71,designed by THCrossland), whereour ManchesterGroup enjoyed itsChristmas lunch.Right: Under reorderingplans towhich we objected,the beautiful carvedpew ends at StPhilip and St James,Leckhampton,Gloucestershire, willbe removed andused as a kind ofdecorative friezearound the walls.

What are wedoing about it?The Victorian Society is the champion for Victorian andEdwardian buildings in England and Wales. We have twomain tasks. The wider one is to promote understandingof Victorian and Edwardian architecture as a culturalachievement which should be valued in its own right, aswell as its virtues in creating a sense of place and localdistinctiveness. Secondly, we try to influence thedecisions made about individual buildings so that as theyare changed to suit modern requirements we do not losewhat is special about them.We report on this work under the three charitableobjects set out in our constitution. These are linked, asthrough involving and educating the public, we canincrease the likelihood of saving buildings.ConservingTo save Victorian and Edwardian buildings or groups ofbuildings of special architectural merit from needlessdestruction or disfigurement.InvolvingTo awaken public interest in, and appreciation of, thebest of Victorian and Edwardian arts, architecture, craftsand design;EducatingTo encourage the study of these and of related socialhistory and to provide advice to owners and publicauthorities in regard to the preservation and repair ofVictorian and Edwardian buildings and the uses to whichthey can, if necessary, be adaptedIt would be nice to think that, one day, these buildingswould be so highly valued and their qualities so wellunderstood that our work would no longer be necessary.But short-term needs are often felt to be so pressingthat it is expedient to sacrifice what is special about abuilding to satisfy them. Buildings need an advocatewho can take the long-term view.It is difficult to quantify how successful we are in thesetasks. An aim so grand as changing public taste is noteasily measured, and neither is the effect of our input onindividual decisions about buildings. It is not as simple ascounting the number of people helped by some medicaltreatment or the number who use our services.Numbers cannot meaningfully encompass the differencethat the survival of Victorian buildings makes to our lives,but we know that many people feel enriched by thehistoric environment. Details of many individual casesare set out in our magazine, The Victorian, and thisreport gives a good idea of the scope of our work.We review our aims, objectives and activities each year.This report looks at what we achieved in 2010 andconsiders the success of each activity. We have referredto the Charity Commission’s general guidance on publicbenefit when planning our future activities to ensure thatthey are carried on for the public benefit.Everyone can benefit from the conservation of the Victorianand Edwardian historic environment, both this and futuregenerations. It is all around us, and contributes to thedistinctiveness of places and our own sense of identity.2010 ANNUAL REPORT 05

2010 ANNUAL REPORTTO SAVE VICTORIAN AND EDWARDIAN BUILDINGS OR GROUPS OF BUILDINGS OF SPECIALARCHITECTURAL MERIT FROM NEEDLESS DESTRUCTION OR DISFIGUREMENT06Following our campaign,the LondonBorough of Camdendecided to refurbishthe Kentish TownSports Centre (THAldwinckle, 1901). Itreopened to greatacclaim in 2010.

4,382LISTED BUILDING CONSENTAPPLICATIONS RECEIVEDConserving1,620IDENTIFIED AS OUR PERIODSaving buildingsChanges to listed buildings must be approved by localplanning authorities or denominations that have beenexempted from local planning control. We want to helpthem make better decisions about adapting Victorianand Edwardian buildings to the way we live now, whilekeeping what is special about them.To do this, we comment on applications for listedbuilding consent or faculty. We have a formal role in theplanning system by virtue of the Secretary of State’sdirection in Arrangements for handling heritageapplications - notification and directions by the Secretaryof State (ODPM Circular 01/2001) that we must benotified of all applications for Listed Building Consentthat involve an element of demolition. Whendetermining applications, local planning authorities musttake our advice into account, but they are not obliged tofollow it. We also have a formal role in the various listedbuilding control procedures set up by those Christiandenominations which have chosen to retain theirexemption from normal listed building regulations.We do not attempt to comment on every notificationreceived. Instead, we respond when we consider thatthe proposals are damaging to the historic character ofthe property concerned, and where our expert inputmight result in a less destructive outcome. Ourresponses highlight the historic and architecturalimportance of each site and explain in what way theproposals are detrimental. We bring the experience ofour conservation advisers, our buildings committees andother specialists to bear on each case to deliverconsidered responses which draw on an exceptionalbreadth of knowledge.We employ 2.6 full-time equivalent conservationadvisers based in London, but we rely on volunteersaround the country for a great deal of our work. A legacyfrom Mary Heath, a former member, enables us toemploy a Birmingham and West Midlands ConservationAdviser for two days per week to work alongsidevolunteers in that area. Our regional groups inBirmingham, Leeds and Leicester respond toapplications for listed building consent in their areas,buoyed by considerable local knowledge.Local authorities are required to notify us of thedecisions they take on listed building consentapplications. But so few do this that it is impossible forus to compile meaningful statistics on the results ofthose applications on which we comment. We try toinfluence proposals before they are submitted through337DETAILED RESPONSES MADEpre-application discussions with owners and parishesand, when opposing a proposal, we try if appropriate towork in partnership with residents and other interestedparties. Through publicising our position on individualcases, we hope to increase awareness of the need towork sensitively with historic buildings. Over 90% ofapplications for listed building consent are approved, soour success is not to be measured by counting the onesthat are not; indeed, it may just be the opposite.The sorts of proposals on which we often findourselves commenting at present include: thedemolition of unlisted buildings in conservation areas;redundancies of churches, schools, pools, hospitals andtown halls and subsequent neglect or alteration; churchextensions, re-orderings and subdivisions; as well asmaking spot listing requests for unlisted buildings.Rather than pick out one or two cases here, our work isbest understood by reading the reports which arepublished in each issue of our magazine, The Victorian.Mere counting of cases on which we havecommented does not reveal the true extent of our work,as some cases can be dealt with quickly while othersrequire many meetings and site visits to be resolved.Nevertheless the figures are impressive. In 2010 wereceived more than 4,382 notifications of proposals forworks to listed buildings (4,102 in 2009), each of whichhas to be investigated by our staff to see if it is ofconcern to us. Of the notifications received and logged,1,620 related to Victorian or Edwardian buildings (1,292in 2009), and we gave detailed responses to 337 (376 in2009).We receive a grant towards our listed buildingscasework from English Heritage, which has recentlycommitted funding until March 2012. However there isno allowance for inflation and we are concerned thatfuture government spending cuts may affect our grantwhen we next apply. We also receive a small grant fromCadw.Influencing policyWe also try to influence government policies on planningand the historic environment which have an impact onVictorian and Edwardian buildings and conservationareas. We do this through our participation in the JointCommittee of National Amenity Societies and as amember of The Heritage Alliance (the new name forHeritage Link). If there are particular points we can makewhich relate specifically to Victorian and Edwardianbuildings then we will do so directly.2010 ANNUAL REPORT 07

2010 ANNUAL REPORT3,291MEMBERSAWAKENING PUBLIC INTEREST IN, ANDAPPRECIATION OF, THE BEST OFVICTORIAN AND EDWARDIAN ARTS,ARCHITECTURE, CRAFTS AND DESIGNInvolving08A focus for special peopleThe Victorian Society provides a focus for everyoneinterested in Victorian and Edwardian architecture andrelated arts. We maintain our loyal base of 3,291members (3,336 in 2009). While the number ofmembers has remained constant over recent years, witha low turnover, we are working on ways to attract more,while retaining those we have got.Engaging the public is about a lot more than justmoney, but financial contributions are one indicator ofsupport for our work. Many members generously giveus additional donations during the year, and sign Gift Aiddeclarations to maximize the value of their donationsand membership subscriptions. In 2010, Gift Aid added£18,940 (£18,951 in 2009) to our funds.Legacies are also tremendously important. In 2010 wereceived a legacy of £10,000 from Jeremy Black,formerly our Honorary Legal Adviser, part of which wasused to underwrite our international symposium onEcclesiology and Empire. We also received £25,000 fromEdward Livesey, formerly chair of our Manchester Group,and over £6,000 from Jean Moulson, a long-standingmember of our South Yorkshire Group. Some of herbequest will aid the publication of the Group’sforthcoming book on Sheffield Board Schools. We alsoreceived £33,429 as an interim distribution from theestate of Morna Smith, a regular at our lectures and avolunteer at Linley Sambourne House. Last year wereported on the generous legacy from Eliot Hodgkinwhich has enabled us to do a number of otherwiseunaffordable things. In addition to underwriting thepublication of our journal for up to three years, theHodgkin bequest has funded our 50th anniversaryexhibition Saving a Century, which continues to tour thecountry.Legacy income is vital to the funding of specialprojects that would otherwise be unaffordable. That’swhy we need people to remember us when writingtheir wills. In 2011 we will repeat our campaign toencourage members to leave us legacies. If you wouldlike to support our work by joining, making a donation, orremembering us in your will, please telephone 020 87475890.VolunteeringWe recognise that individual circumstances may preventpeople getting more actively involved in the Society, andare very grateful that they choose to support usfinancially instead. But donations of time and expertiseare very valuable to us. As the expert voice of thecommunity on Victorian and Edwardian architecture, werely on volunteers around the country for their specialistknowledge and their willingness to help get things done.Volunteers are central to our work. They contributetheir expertise by assessing applications for listedbuilding consent in our buildings committees, theyorganise our educational programme and as trusteesthey oversee the strategic direction and day-to-dayoperation of the Society. They are also invaluable eventstewards, letter-stuffers, stamp-fixers and washeruppers.Our committee members alone contribute wellover 900 hours of free advice a year, and there are manydays when volunteers in the office outnumber the staff.This work, together with those organising events for us,comes to many more hundred hours a year.Community Engagement:Supporting local campaignersAs well as our own work, we also want to help peoplefight their own campaigns to save the buildings theyvalue. In this way, our ‘national community’ can helpsupport local ones. We do this by providing advice andsupport through our Community Engagement Projectand, where appropriate, we work directly with localpeople on their campaigns. We have helped many localcampaigners with media advice, campaigning tips andlink-building between their campaigns and otherorganisations. Some of this is available in the campaign

Left: During our touraround Chester andKnutsford, membershad the rare privilegeto lunch in theParrot House atEaton Hall (1881-3,designed by AlfredWaterhouse).Middle: Membersenjoy a trip on theDudley Canal duringour AGM weekendin the Black Country,organised by ourBirmingham andWest MidlandsGroup.Right: Thanks to theNational Trust,members enjoyed aspecial private tourof WightwickManor,Wolverhampton(Edward Ould, 1887,1893) during ourAGM weekend.100,919 3,645 340VISITS TO OUR WEBSITEDOWNLOADS OF LISTEDBUILDINGS FACTSHEETguide on our website – for example, 3,645 people readour factsheet on listed buildings (1,240 in 2009) , 996 onconservation areas (634 in 2009) and 530 ourcampaigning guide (381 in 2009) – but a lot is doneindividually. We also know that 314 people clickedthrough to our home page after reading our updates onTwitter (we now have more than 500 followers on thesocial networking site).Community Engagement:Contributing a national contextIn the last year we have worked with campaignersfighting to prevent an electricity sub-station being builtnext to a Grade I-listed church in Harrogate; we helpedhighlight the concerns of local people worried by theinitially damaging plans to built a new stadium forTottenham Hotspur football club in North London and wesupported campaigners trying to prevent the demolitionof a former Victorian school in Camberley. We alsoworked with people trying to save the Tudor Hotel inMalvern, the Adult Education Centre and Library in Rye, arow of six houses on the Hagley Road in Birmingham, amansion block in Hammersmith and a pair of cemeterychapels in Dewsbury, to name only a few.Some of these community campaigns are stillcontinuing, such as the fight to keep Manningham Bathsin Bradford open for swimming. We will continue todevelop other campaigning opportunities as they arise;wide-ranging council cuts mean many historic librariesare threatened with closure and this is likely to be afocus for 2011.Community Engagement:Letting people know what’s going onWe know that many people place a high value on theVictorian and Edwardian buildings around them. But theyoften find out about threats once it’s too late to save abuilding, or they wrongly assume that they’re a minorityin caring. That’s why it’s so important to publicisePRESS ARTICLES COVERINGOUR CAMPAIGNScampaigns to save these buildings, whether led by us orother groups. As soon as people hear about the threatsto one building, half a dozen similar cases come to light.We have helped many people with advice on gainingmedia attention and writing press releases, helped byour own experience.Our top ten endangered buildings campaign has beenrunning for four years now and continues to providepeople with an opportunity to tell us about buildings atrisk in their area. Sometimes we receive nominations forbuildings that are already at the centre of a vibrant localcampaign, but others need us to help highlight theirplight. The burst of publicity that follows the publicationof the list can lead to impressive results. After years ofneglect, Oldham Town Hall (on our 2009 list) hasreceived significant investment from Oldham CityCouncil and is now structurally sound and watertight.The Ice Factory in Grimsby featured on our 2010 list andthere is now an active trust working on plans to re-usethe building as a micro-brewery, climbing wall and artsvenue. Elsewhere St Edmund’s Church in Rochdale(2009) has been upgraded to Grade I and the CathaysCemetery Chapels (2008) have a new roof as a directresult of the campaign.In 2010, we issued 101 press releases (109 in 2009),leading to more than 340 articles in both national andlocal newspapers mentioning our campaigns (over 403in 2009), and we made at least 30 appearances ontelevision and radio. News of our campaigns is reportedon our website, which attracted 100,919 unique visits in2010 (90,176 in 2009), an average of 276 per day.We plan to continue developing our relationships withjournalists and working on other ways of attractingpublic attention to our campaigns. Unfortunately ourgrant for Community Engagement is being phased out,meaning a reduction from £17,000 for 2008/9 to nil in2012. The project will be reviewed before the grantexpires. We are always on the lookout for possiblealternative sources of funding for this essential work.2010 ANNUAL REPORT 09


Top: The formerWedgwood Institute(1869) in Stoke onTrent was a surprisinginclusion in our2010 top ten list ofmost endangeredbuildings.Bottom: During theyear we organisedover 106 eventsaround the country.The former fire stationat Barry in theVale of Glamorganfeatured on our 2010list of most endangeredbuildings.106 2,691 91%EVENTS ORGANISED BYVOLUNTEERSEducatingWe believe that the better people understand theirVictorian and Edwardian heritage, the more they willvalue and seek to look after it. Our educationprogramme includes walks, visits, lectures andconferences, many of which are organised by ourregional groups, on an astonishing variety of subjects.Lectures, conferences and study daysOur winter lecture series, organised by Michael Hall, tookas its theme the architecture of the 1880s, including talkson the Arts and Crafts movement, iron and steel, PhilipWebb, Ernest George, and London. The autumn serieswas a series of virtual London walks, ‘visiting’ diverseplaces in words and pictures rather than on foot.Michael Hall organised a study day in collaboration withthe Royal Collection to examine Victoria and Albert’s roleas patrons of architecture and architectural decoration.Geoff Brandwood organised a third symposium onprovincial architects, and Alex Bremner organised aninternational study day on Ecclesiology and Empire,supported by the Paul Mellon Centre for Studies inBritish Art and private donors. Other lectures includedtopics as diverse as Victorian architecture in India, Deathin Victorian Britain, the work of Godfrey Sykes, and Paley& Austin. The Brian Allison Memorial Lecture for theLeicester Group was lessons from Victorian financialcrises, by Andrew Bailey. We also hosted several supperlectures in our office, including Strawberry Hill in thenineteenth century, architectural commemorations ofPrince Albert, and Gothic in India.VisitsOne of the highlights of the events programme this yearwas the AGM weekend based in Wolverhampton,organised by our Birmingham and West MidlandsGroup. We also had weekends away visiting NorthYorkshire and Darlington, organised by GeoffBrandwood, Lancashire by Steven Brindle and Cheshireby Colin Cunningham.Some of the other visits and walks included LeicesterTown Hall, Paddington station, Hove, the Garrick Club,the Reform Club, Manningham, Harrogate, the work ofEdgar Wood in Middleton, Dalston churches, Pugin’schurches in North Staffordshire, Ernest George in theNorth Downs, Flintham and Prestwold, Docklands,Windsor, Swansea, Port Sunlight and Leighton House.Many of these were organised by our regional groups.In 2010 the Society held at least 43 lectures (40 in2009), 3 study days (3), 4 weekends away (3), 12 daytrips (10) and 44 visits or walks (55), a total of 106events (111) or on average two events per week aroundthe country. We processed over 2,691 bookings forevents (2,629 in 2009), not including regional groupBOOKINGS TAKEN FOR EVENTSOF EVENTS RATED ‘EXCELLENT’OR ‘VERY GOOD’events or ‘turn up on the day’ events. Overall, 91% ofdelegates who answered the question in our surveyrated the event they attended ‘Excellent’ or ‘Very good’.We are always looking for more volunteers to helpexpand the range and quality of our events programme.Please contact Jane Jephcote, our Events Administrator,on 020 8747 5895 or events@victoriansociety.org.uk.The VictorianWe published three issues of our magazine, TheVictorian, edited by Liz Robinson. In March we looked atthe question of climate change and Victorian houses. InJuly, the theme was rural buildings at risk due tochanging patterns of agriculture . In November welooked at Victorian Hull as a curtain-raiser for our 2011AGM weekend, as well as featuring the top ten mostendangered buildings for 2010, and looking at what hadhappened to those on our 2009 list.Studies in Victorian architecture and designIntended to stimulate research in our field by providing agood outlet for original research, each issue of ourjournal focuses on a particular theme. In the secondissue, published in 2010, we considered changingattitudes towards Victorian architecture. The issue afterthat will cover late Victorian and Edwardian churchesand should appear in July 2011. This year we will seekmembers’ views of the journal to see if and in whatform it should continue.Advice to homeownersWe provide information to owners of Victorian andEdwardian houses about how they can better look afterthem through our publications, the Care for VictorianHouses series of booklets and the Victorian SocietyBook of the Victorian House. In 2010, we sold 1260booklets (940 in 2009) and 55 copies of the book (27 in2009). The Victorian Society Book of the VictorianHouse has now been republished in paperback at £20,making stiff competition for our Care for VictorianHouses booklets. As stocks diminish we plan to publishupdated versions on the website instead.We provide a lot of information on our website. Themost popular advice notes on our website related topaintwork (6,366 views; 3,990 in 2009), windows (5,607views; 3,662 in 2009) and fireplaces, (5,487; 3,905 in2009).Other publicationsOur West Yorkshire Group is planning a book on Leedsarchitects and our South Yorkshire Group is planning abook on Sheffield schools. We will continue to be opento the possibility of other ad hoc publications.2010 ANNUAL REPORT 11

2010 ANNUAL REPORTStructure, governanceand management12StructureThe Victorian Society is a registered charity and acompany limited by guarantee. It is governed by amemorandum and articles of association.GovernanceThe Society is managed by a Board of Trustees. Thetrustees are also the directors of the charity for thepurposes of the Companies Act. Each Trustee has adesignated executive or non-executive role. All trusteesare required to be members of the Society. Trustees arerecruited on the basis of skills needs identified by theBoard of Trustees. A variety of methods is used toidentify suitable candidates. Trustees are elected by themembers of the Society at the Annual General Meetingnormally for a term of office of 3 years. Trustees areautomatically eligible for re-election for one furtherconsecutive term and, if the Board of Trustees soapproves their candidature are eligible for re-election tofurther consecutive terms of office. The Board ofTrustees has the power to co-opt members during theyear but these members must stand for re-election atthe next Annual General Meeting.Trustees are given an induction pack on joining theBoard and are encouraged to identify gaps in theirknowledge, which are then addressed by briefings orother training delivered to some or all of the trustees asappropriate. The role of each trustee is defined in a jobdescription.ManagementThe Board of Trustees currently comprises ninemembers and meets formally six times a year. Membersof the Board individually or in small groups also act totake forward the Society’s plans. Day to daymanagement of the Society is delegated to the Directorwho attends meetings of the Board of Trustees. TheSociety benefits from a Northern and a SouthernBuildings Committee of experts who meet to advise theSociety on architectural and casework matters.Risk managementThe major risks to which the charity is exposed, asidentified by the trustees, have been reviewed duringthe year and the trustees are satisfied that systemshave been established to mitigate those risks.The formerHammerton StreetSchool in Sheffield(1904 by WJ Hale),a fine example ofEdwardian schooldesign, was on our2010 list of mostendangered buildings.Our SouthYorkshire Groupplans to publish abook on Sheffieldschools.

Financial reviewSTATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2010Unrestricted funds Restricted funds Endowment 2010 Total 2009 TotalINCOMING RESOURCESFrom generated fundsVoluntary incomeSubscriptions 103,046 - - 103,046 105,822Donations 14,515 6,202 - 20,717 22,674Grants - 60,130 - 60,130 65,562Legacies 74,944 - - 74,944 28,795Investment incomeDividends 2,989 - - 2,989 2,448Rental income 9,000 - - 9,000 9,000Interest 1,358 1,093 2,451 7,663From charitable activitiesEducational events and publications 140,814 10,628 - 151,442 132,985Other 2,296 - - 2,296 2,228Total incoming resources 348,962 78,053 - 427,015 377,237EXPENDED RESOURCESCosts of generating voluntary incomeFundraising costs 6,738 - - 6,738 6,064Cost of charitable activitiesArchitectural conservation 110,784 76,274 - 187,058 188,823Education 175,782 6,890 - 182,672 181,609Governance costs 6,217 - - 6,217 6,259Total resources expended 299,521 83,164 - 382,685 382,755Net incoming/(outgoing) resourcesbefore transfer 49,441 (5,111) - 44,330 (5,518)Transfers - -Gains/(losses) on investment assets - - 3,617 3,617 4,456Net movement of funds 49,441 (5,111) 3,617 47,947 (1,062)RECONCILIATION OF FUNDSBalance brought forward 1 January 617,800 245,244 55,025 918,069 919,131Balance carried forward 31 December 667,241 240,133 58,642 966,016 918,069BALANCE SHEET AT 31 DECEMBER 2010TANGIBLE FIXED ASSETS 208,959 - - 208,959 206,821INVESTMENTS - - 58,642 58,642 55,025208,959 - 58,642 267,601 261,846CURRENT ASSETSStock of publications 3,543 3,089 - 6,632 11,513Debtors 32,004 2,000 - 34,004 37,199Investments 361,423 234,150 - 595,573 610,717Cash in bank and in hand 108,489 894 - 109,383 83,073505,459 240,133 - 745,592 742,502CURRENT LIABILITIESAmounts falling due within one year 39,733 - - 39,733 79,140NET CURRENT ASSETS 465,726 240,133 - 705,859 663,362TOTAL ASSETS LESS CURRENT LIABILITIES 674,685 240,133 58,642 973,460 925,208LIABILITIESAmounts falling due after one year 7,444 - - 7,444 7,139NET ASSETS 667,241 240,133 58,642 966,016 918,069Represented by:FUNDSUnrestricted 667,241 - - 667,241 617,800Restricted - 240,133 - 240,133 245,244Endowment - - 58,642 58,642 55,025TOTAL FUNDS 667,241 240,133 58,642 966,016 918,0692010 ANNUAL REPORT 13

142010 ANNUAL REPORTINCOME AND EXPENDITUREIncoming resources 2010 2009£,000 £,000Total incoming resources 427 377Total income up 13.2%Principal components:Subscription income 103 106 Decrease 2.7%Grants 60 66 Decrease 8.3%Investment income 14 19 Decrease 24.4%Educational eventsand publications 151 133 Increase 13.9%Donations 21 23 Decrease 8.6%Legacies 75 29 Increase 160%Subscription income was down by 2.7% with subscription ratesheld constant for a further year. Grant income decreased by8.3% reflecting in part the phased withdrawal of ourCommunity Engagement Grant from English Heritage.Investment income decreased substantially as a result of thedramatic reduction in interest rates. Educational activitiescontinued to be very successful and income increased by13.9%. Donations decreased in 2010 but this was largelybecause of the timing of the annual fund appeal which wasdeferred into 2011. Legacy income increased substantially in2010. Legacies are a vital source of income to the Society andallow us to undertake projects that would otherwise beunaffordable.Excluding legacy income, which the trustees allocate for projectfunding, income on a recurring basis for 2010 was £352,000, anincrease of 1.0% on 2009.INCOME AND EXPENDITUREOutgoing resources 2010 2009£,000 £,000Total outgoing resources 383 383Total expenses unchangedPrincipal components:Architectural conservation 187 189 Decrease 0.9%Educational activities 183 182 Increase 0.6%Fund raising and governance 13 12 Increase 5.1%Expenditure on the Society’s charitable activities of architecturalconservation and education amounted to 97% of totalexpenditure for the year. In part the effect of inflation on theSociety’s cost base has been offset by two staff electing towork part-time.Adjusting for one-off factors, expenditure on a recurring like-forlike basis for 2010 was £369,000, an decrease of 1.9% on 2009.Taking into account the incoming and outgoing resourcesreferred to above, the Society achieved the following outcome:Net movement in resources 2010 2009£,000 £,000Deficit on recurring items (22) (40)Annual fund appeal 5 13Result on recurring itemsafter annual fund appeal (17) (27)Legacies (used for projects)and other non-recurring items 75 22One-off costs (14) (29)Net movement in resourcesbefore valuation adjustments 44 (5)BALANCE SHEETNet assets 2010 2009£,000 £,000Total net assets 966 918Total net assets up 5.2%Principal components:Unrestricted fundTangible fixed assets 209 207 Increase 1.0%Short term deposits 361 365 Decrease 0.9%Other net assets 97 46 Increase 110%Restricted and endowment fundInvestments and shortterm deposits 293 301 Decrease 2.7%Unrestricted fundsUnrestricted funds represent the Society’s day to day operatingfinances. Overall unrestricted funds showed an increase for theyear of 8.0%. The increase in tangible fixed assets comprisedsome long-overdue refurbishment at Priory Gardens, offset byan increase in depreciation. Tangible fixed assets include thecost of the Society’s freehold headquarters at 1 Priory Gardens.The market value of this property is estimated to exceed thecost by a substantial amount. No formal valuation has beenobtained because this would incur expenditure out ofproportion to its benefit.For the Society to function successfully, it must maintain anadequate level of unrestricted reserves that can be used tofinance the Society’s day to day operations and provide aprecautionary reserve in case of fluctuations in the future levelof income. The Trustees consider it prudent that the level ofprecautionary reserve should not be less than six months’expected future expenditure plus an allowance for propertyrefurbishment. At 31 December 2010, and excluding theproceeds of legacies earmarked for future projects, theSociety’s cash and short term reserves were £55,000 in excessof this level (2009: £54,000). The excess fluctuates from timeto time and the Trustees are presently satisfied that no furtheraction is necessary.Restricted and endowment fundsThe restricted and endowment funds are invested so as toreflect the Society’s obligations under each of the funds, aswell as the requirements of liquidity management and wishingto accept limited financial risk.The restricted funds are invested in cash deposits. Restrictedfunds decreased during the year by 2.1% as a result ofmaintaining expenditure on casework and educational activitiesdespite the reduction in income due to lower interest rates.The endowment funds are invested in a balanced managedfund which should, over time, generate both a steady incomeand some capital growth. The endowment funds increasedduring the year by 6.6% as a result of further recovery in stockmarket levels.This shows how important the Annual Appeal is in bridging thegap between he Society's recurring expenditure and itsrecurring income. Non-recurring costs are financed out oflegacy income, including legacy income received in prior years.

Trustees’ responsibilities in relation to the FinancialStatementsThe trustees who are directors for the purposes of CompanyLaw are responsible for preparing the annual report andfinancial statements in accordance with applicable law andregulations.Company law requires the directors to prepare financialstatements for each financial year. Under that law the directorshave elected to prepare the financial statements in accordancewith United Kingdom Generally Accepted Practice (UnitedKingdom Accounting Standards and applicable law. Undercompany law the directors must not approve the financialstatements unless they are satisfied that they give a true andfair view of the company’s financial activities for the year and ofits financial position at the end of the year. In preparing thosefinancial statements, the directors are required to:• select suitable accounting policies and apply themconsistently;• make judgements and estimates that are reasonable andprudent;• prepare the financial statements on the going concern basisunless it is inappropriate to presume that the company willcontinue in business.The directors are responsible for keeping adequate accountingrecords that are sufficient to show and explain the company’stransactions and disclose with reasonable accuracy at any timethe financial position of the company and enable them toensure that the financial statements comply with theCompanies Act 2006. They are also responsible forsafeguarding the assets of the company and hence for takingreasonable steps for the prevention and detection of fraud andother irregularities.The trustees confirm that, as far as each trustee is aware, thereis no relevant audit information of which the charity’s auditorsare unaware and that each trustee has taken all the steps thathe ought to have taken as a trustee in order to make himselfaware of any relevant audit information and to establish that thecharity’s auditors are aware of that information.AuditorsA resolution proposing that Derek Rothera & Company be reappointedas auditors will be put to the annual general meeting.Approved by the Board of Trustees on 14 May 2011 and signedon its behalf by Dr Hilary Grainger, ChairTrustees’ StatementWe confirm that the information contained in the summaryfinancial statement on page 13 is taken from the audited annualaccounts for the year ended 31 December 2010 and includesdetails relating to both the Statement of Financial Activities andthe Balance Sheet.The audited accounts were approved by the trustees on 14May 2011 and will be submitted to the Charity Commission andfiled at Companies House. The summarised statement may notcontain sufficient information to allow for a full understanding ofthe financial affairs of the Victorian Society.For further information, the full accounts, the relevant auditors’report and the trustees’ report should be consulted. Copies canbe obtained from the Victorian Society, 1 Priory Gardens,London W4 1TT (please send £1 donation towards postage andprinting costs) or www.victoriansociety.org.uk.Professor Hilary Grainger (Chair)Andrew Coleman (Finance Trustee)14 May 2011Auditors’ Statement on Summary Financial Informationfor the Victorian SocietyWe have examined the summary financial statement of theVictorian Society on page 13. This statement is made solely tothe charity’s members, as a body, in accordance with theCompanies Act 2006. Our work has been undertaken so thatwe might state to the charity’s members those matters we arerequired to state to them in such a statement and for no otherpurpose. To the fullest extent permitted by law, we do notaccept or assume responsibility to anyone other than thecharity and the charity’s members as a body, for our work, forthis statement, or for the opinions we have formed.Respective responsibilities of the trustees and auditorsThe trustees, who are also the directors of The VictorianSociety for the purposes of company law, are responsible forpreparing the financial statements in accordance with applicablelaw and United Kingdom Accounting Standards. Ourresponsibility is to report to you our opinion on the consistencyof the summary financial statement with the full annual financialstatements, and its compliance with the relevant requirementsof the Companies Act 2006 and the regulations madethereunder. We also read the other information contained in theTrustees’ Report and consider the implications for our report ifwe become aware of any apparent misstatements or materialinconsistencies with the summary financial statement.Basis of opinionWe conducted our examination in accordance with ‘Theauditors’ statement on the summary financial statement’ issuedby the Auditing Practices Board for use in the United Kingdom.Our report on the charity’s full annual financial statementsdescribes the basis of our audit opinion on those financialstatements.OpinionIn our opinion the summary financial statement is consistentwith the full annual financial statements of The Victorian Societyfor the year ended 31 December 2010 and complies with theapplicable requirements of the Companies Act 2006 and theregulations made thereunder.D Rothera FCA, Senior Statutory Auditor for and on behalf ofDerek Rothera & Co, Chartered Accountants & StatutoryAuditors, Units 15&16, 7 Wenlock Road, London N1 7SL14 May 20112010 ANNUAL REPORT 15

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