2025-03-31-accounts

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EMI ARCHIVE TRUST

‘COMPANY REGISTRATION NUMBER 03197688

EMI ARCHIVE TRUST

. (a company limited byguarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025.

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EM! ARCHIVE TRUST

FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

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||||||| |---|---|---|---|---|---| |Advisors’|and.|Administrative. details|3| |Trustees’: Annual|Report.|Ato 13| |Independent|Examiner's|Report|14| |Statement. of Financial|Activities|(incorporating|the|15| |income|and|expenditure|account)| |Statemeof|Fina|n|cialt|Position|16| |Notes|to|the financial|statements|17 to 21|

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EMI ARCHIVE TRUST

ADVISORS’ AND ADMINISTRATIVE DETAILS YEAR ENDED31 MARCH 2025

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REGISTERED CHARITY NAME EMI Archive Trust
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CHARITY NUMBER 1056254

COMPANY REGISTRATION NUMBER 03197688

REGISTERED OFFICE

TRUSTEES:

SECRETARY

BANKERS

4 Pancras-Squaré London NIC 4AG Thomas Williams. (Chair). Ethan Darilel Berard (resigned November 19, 2025) Peter Duckworth Leanne Fata . Georgina Fegan ‘ Ross Foster David Holley (resigned June S, 2024) Christopher Kennedy: Dan Morales Emily Mullins Richard O'Brien Janie Orr MBE William Prentice. Caryn Tomlinson (resigned September 11, 2024) Antony Wadsworth GBE(resignedJune 3, 2024) Barney Wragg A Abioye , Barclays Bank PLC Hatton Cross London TWE:2RA

LEGAL

BDB-Pitmans LLP (now called Broadfield) One:Bartholdémew Close Loridon ECLA 7BL

EMI ARCHIVE TRUST

TRUSTEE’S ANNUAL REPORT YEAR ENDED 31 MARCH 2025

The Trustees present their statutory report together with the financial statements of the EM! Archive Trust (the Trust) for the year ended 31 March 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Reference and administrative details are shown in the schedule ofadvisors'and administrative details on :page.3 of the financial'statements. STRUCTUREAND MANAGEMENT

THE TRUSTEES.

The Trustees are. recruited from the music business, mainstream business, the education sector; entertainment, renowned collections and the archiving industries. The Chair and the Trustees are committed to.extending their review of Trustee skills and continueto explore the appointment of additional Trustees from a broad spectrum of industries and diverse backgrounds, including those working in education, content creation, innovation and technology. No Trustee is remunerated for their services to the Trust, There has been-some additional tumover in the Trusteesin the past'year including Pete Duckworth stating his desire to Step. down during 2025, and this will provide an opportunity. for a broader-renewal of the expertise across the Trustees, particularly in 2026 and

The Trust has discussed a renéwed induction programme for all new Trustees and training will-be avallablePitmans as required. The training is carried out-by independent law firm arid:charity specialists BDB LLP (now called. Broadfield). The Trustees work with the Chair to.set'the Trust strategy, ensure:compliance,maintain accountability: ‘and allocate budgets. The Trustees also contribute to curation concepts, new projects, content production, government and local authority interaction and suggest.suitable partners, The Trustees participate in active sub- committees taking responsibility for delivering on The Trust’s goals and ‘charitable Objects, ensuring strict governance, creatiig commercial opportunities and supporting, partnerships: These sub-committeeshave focused in the period on the development. of a fonger‘term plan to digitize much of the Trust's collection of early 20th century music:

During:the period, the full-set of Trustees met four times, ({exce pt for any individual absemces noted in the minutes).in person and via video conference {subjec t o any apologies: noted in the minutes). ln-addition, various Trustees met for key sub-committee meetings:as listed.above. The Chair.met with Trust curator Joanna Hughes on a.weéekly or bi-weekly basis:

WHO.ARE WE?

The Trust is established as a company limited ‘by guarantee without share: capital, governedby: articles ofassociation.

The Trust was.set up on the 13th of May 1996 to preserve the history of EMI: The Trust holds ore of the

EMI.ARCHIVE TRUST

world’s largest and most diverse music aridsound technology-archives. TRUSTEE’S ANNUAL REPORT (continued) YEAR: ENDED 31 MARCH 2025:

Tha. origins of EM! date backto.1897 ericompassing an extraordinary EMI

journey through British history.

starids for Electricand Musical Industries.andthe collections cover many-aspects of the early recorded music industry and the role that EMI (originally-called The Gramophone Company) played in it, dating ‘from its.origins in 1897 up.to 1946.

In addition to: material relating ‘to EMl’s musical heritage, the Trust also. preserves artefacts associated with EMI's significant achievements in electrical and sound engineeritig including television, radar, and medicine, alongside the early archives of the HMV. shops’and Abbey Road Studios.

The administration for the Trust is undertaken pro-bono:by EMI Group Ltd employees via a service agreement. ‘The. Trust extended its longstanding service agreement with the EMI- Group Ltd: until the ist of: December 2027, The EMI Group Ltd ‘is part of the Universal Music Group; who underwritth e Trust’s. ‘overheads on ariannual basis.

GOVERNANCE.

The Ttustees, continue to take advice from jeading' charity lawyers (BDB Pitmans LLP ((now called Broadfield)) and Mills & Reeve), to-ensure the Trust is further aligned and compliant within the UK's. current legal guidelines on governance.for charities. The Trust has a set of policies which have been reviewedand updated this.year, which guide its governance and operations. The Trusteesare aware of the Charity‘Governance Code, which sets out the principles ofrecommended practice for.good governarice within the-sector and will continue to keep.the Charity’s governance under periodic review using the Code as a point of reference.

‘OBJECTS AND ACTIVITIES

The Trustees.have had regardto the.Charity Comniission’s public benefit guidance.

OUR VISION_AND OBJECTS

The objectsof the Trust-are restricted specifically to the advancement of access to the archive, education and-research and in particularto foster the study and appreciation of: The art, techniques and development of the historyof recorded sound -the archive material of EMI ‘socialTheand / Trust: or[its-associated] is also-comimitted'to[cornpanies.] raising its profile through digital initiatives. such as. the website.and. media platforms key. projects‘such as the.continual development and upkeep of the Gramophone Discography, strategic partnerships with Institutions such as:Alexandra Palace, University College: London:and commercial initiatives such as the ecorimerceEMI Archiveaforementioned Trust onlineWebsitedirectupdate. to consumer'store, which has been developed and linked outof the

EMI ARCHIVE TRUST

TRUSTEE’S ANNUAL REPORT (continued) YEAR ENDED 31 MARCH 2025.

OUR FOCUS 24-25:

ACCESS

ONLINE ACCESS . The Trust, with support from Trustees Dan.Morales and Ross Foster and the pro bono commiitment from:theit teams-continued to expand the-Trust’s digital footprint and strategy during the period: The new website was launched, which will help amplify The. Trust's ‘online presence, creating a publicfacing EMI Archive Trust website showcasing the collection. The future plan is to use the websiteas ‘a digital canvas for the Trust to:shawease someof its collection. This work has startedin earnest. and jt is anticipatedthat we will make progress on this.In 2026/27.

Inaddition to this, the Trust has been working with academic-and philanthropist Stephen Clarke on the development.and upgrade.of The Gramophone Discography website; which was gifted to:the Trust-- the first searchable database.of historically important recordings made by the Gramophone Company:and its:successors during the 78 RPM eratanging from 1897 to 1947: The new and updated website is supported on.a pro-bono basis byTrusteeDan Morales’ team at Universal Music Group: The: website has already proved to be an invaluable asset to mahy reséarchers, and the-Trust is working.to make edits and updates as we receive them from the. highly engaged community.of archivists who utilize:the database daily. Most importantly, we have made progress in building out a longer-term digitization plan which-is essential to the Trust's future, and which will require significant outside funding. The plan ‘revolves around digitizing a key. portion of our earliest recordings, and. making them publicly available. in order to digitize these recordings, we will. needto build an initial inventory; and identify a source for Specialists,the funds: necéssarya. formaltopartnershipcomplete thewithproject..a publicThe-projectinstitution,will likelyand will requirebe a theSignificant, hiring'of:additionalmulti-year initiative: rarigeIn-early-2025,.of the earliest the Trustrecordingsput forth thea proposalTrust. holds..to philanthropicThe project will group,digitise The Arcadiaca. 26,000 Fund,sidesto ofdigitize ‘shellac a discs,:generating audio files.and image files of the disc labels. Both will be made freely available to users online,.alongside skeletal content metadata records, which users will be invited. to enliance, ‘though a crowdsourcing initiativeto be designed.and and managed by an institutional partner (yet ‘to be identified — talks ongoing with US and UKbased. institutions).

In March the Trust was informed thatthe initial application had been successful, and that, contingent on the Trust locating a studio space, thie Arcadia Fund will donate £2.1 million to.fund the project. The Arcadia Fund asked the Trust.to be ready to begih the digitization'project-by early 2026. Themeet Trusteesthe deadlineare theworking Arcadia nowFund to develop has asked thefor. propo Thi s algrantfurther woul anbe d ensuretransformational that they are for ready the Trust. to and enableit to bring: recordings from 140 years. ago to. the public realm for the first time.

EMI ARCHIVE TRUST

TRUSTEE’S ANNUAL REPORT (continued) YEAR ENDED31 MARCH 2025-

PHYSICAL ACCESS

The collection is currently housed.in temporary professional archive storage sites while a new, accessible and permanent home is sought. There have been discussion with Universal Musi¢ Group around a possible.site at its HQ‘in King's.Cross, London and it. now looks likely that a.very limited archive will be built-in the Universal: Music Group HQ. Detailsof this wilt be ironed out during 2025 and 2026: In-September 2024, the Trust-hired a professional archivist to-earry outa pilot record inventory project, three days a week for'nine months. The pilot scheme will help.inform the trusts Arcadia Fund application, to fund a wider cataloguingand digitisation project.on our UNESCO record disc collection.

Alongside this, the. Trust has maintained Its strategy to make the archive available to’the public ‘through the loaning:-of artefacts where appropriate to museums, exhibitions to make them as widely accessible to the public as possible, ‘and in order to maximise benefit to the public. The Trust-also ‘makés its collections

available to researchers, educators, authors, creators and-the general public upon request. The Trust partners with schools and higher education institutes to share knowledge, ensure access, showcase music’s extraordinary history to future generations.

Examples:

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e National Science Media Museum, Bradford, part of the Science Museum Group, hdids on fong-term loan the EMIAT television and media collection since 2008. This. collection is available-through NSMM curators’ tours of the museum storés.and by researchers on request.
Blackpool Museum: ‘Showtown’, loan of a gramophone and ‘Nipper’ dog:model and. digital artwork for the new museum and exhibition schedule to launch Winter 2024.
° Alexandra Park & Palace‘Charitable Trust (APPCT) a section of the 1935 Marconi-EMI prototype‘Transfer of TV title’ transmitterofthe objectison permanentto APPCT, surnmerpublicdisplay 2022. in APPCT East.Court. EMIAT

PARTNERSHIPS.

The Trustees and the Trust’s Heritage Curator Joanna Hughes have consistently expanded and developed the*Trust’s relationships with global institutions, academics, discographers,. universities, schools, content creators, commercial partners‘and -créatives, which:has. driven broader access:to the Trust’s holdings and: assets during the reported period.

“TRUSTEE’S ANNUAL REPORT (continued)

EM1 ARCHIVE TRUST

‘YEAR ENDED31 MARCH 2025

Thé Trust continues toexplore creative partnerships to extend the global reach of the-collection, to support The Trust with additional funding and to create awareness of the value.in the heritage it is custodidn.of. A numberof examples.of this are-as follows:

Alexandra Park-and Palace Charitable. Trust ({APPCT) new interpretation. for the EMI-Marconi television mast is-niow open to.the public. Official announcement ‘about the.partnership.andthe new display -was.announced in July 2024. EMIAT and.APPCT continue to explore their strategy as part:of a 10-yéar formal:partnership, signed 2022.

:National Media Museum Bradford were supplied. digital content for their new Sound.and Vision permarient galléry, scheduled to open Summer 2025 during Bradford City ofCulture. Supportedthe Phonographic Performance Ltd 90th anniversary eventsby supplying digital content, London June 2024.

The Blumlein Family donated a family collection of mix ofephemera,family archive and personal résearch material once belonging to EM! inventor Alan Dower Blumlein and his son Simon Blumlein.

The Trust loaned related objects to Abhey Road reception as part of a temporary and long-term -display. Exploring opportunities with Landsec U&I redevelopers of the Old-EMI Vinyl Factory, ‘Hayes, London, on ways

to celebratethe history.of EMI, community, and outreach locally and for the wider community.

Revealed:Exploring.a British partnershipsourid withheritage, The Universityinnovation’. of Surreyon their project ‘Early Sound Recordings

Exploring partnership opportunities with the V&A, London.

Exploring loan.to the V&A for: The Musié Is Black: Exhibition, V&A East-scheduléd-opening Spririg ‘2025. The Trust and Universal Music Archive lay a remembrance wreath at the EMI.memorial, Cherry Lane ‘Cemetery, Hayes, to markthe 80th anniversary-ofa German V-1 flying bomb fell on what was then. known as the Gramophone Company factory in Blyth Road, as part of'a special memorial created and atterided by localdignitaries:and the community.

The trust donated'a new artwork-to the City of London Phonographand Gramophoiie Society who auctioned it. their Gala Dinner in October 2024, for Charity.

TRUSTEE’S ANNUAL REPORT (continued)

EMI ARCHIVE TRUST

YEAR: ENDED 31 MARCH 2025

‘The Trust Coritinues to.explore creative partnerships to extend the global reach of the collection, to ‘support The Trust with additional funding andto create awareness of the value in the heritage it is custodian of.

A numberof examplesof this are as follows:

° Provided Abbey Road Shop content for new display for ‘Abbey Road Studio 1931’ products..
¢ Exploring opportunities to, digitise ‘and telease. 78-Jewish recordings with the Jewish Music Research Centre at Hebrew University, lsrael,:and their patrons.
e Exploring a series of exhibitions and outreach programs with the developers of ‘The Gramophone Art Center’, Hayes, a local community, cinema.and art space.

COMMERCIAL OPPORTUNITIES

We havé completed the development of the EMI Archive Trust online shop and itis now available through the Trust’s website and promoted via the EMI Records website. With this, the Trust now has: access to'a new revenue stream to increase funds. This sits alongside other commercial projects, led ‘by Trustee Ross Foster, who receives support on:a pro bono basis.from the Commercial Affairs team at Universal. Music Group:

The Trustees are also. looking at a. range ‘of partnerships and e-commerce initiatives. with organizations such as Abbey Road that will help build awareness ofthe Trust and bring in additional revenue opportunities.

PUBLIC BENEFIT 2024/25,

The EMI Archive Trustis currently in temporary heritage approved locations while a suitable new facility was identified.

‘The Trust entered into or-maintained a-number of important projects. and partnerships in 2024/25 while exploring. humerous: projects with key. institutions:and content creators across the globe, to ensure our Object of allowing public access for. educationaland. historical research purposes, by educational establishments, students, historians arid:other researchers, was fully exercised. A range of these examplesare contained in the above. ‘Partnerships’ and ‘Physical Access’ sections above.

ONLINE PRESENCE & RESEARCH ACCESS.

)

The Trust maintains‘a website, a blog, and-very éffective Facebook, Linkedin, Instagram, and.X accounts to.inform the public and former employees about its latest. news.

Research requests and ‘enquiries are managed by the.curator by phone, email, website, and social media, total enquiries-for this period are around 188. Analytics evidences.a continual-steady build. “TRUSTEE’S ANNUAL REPORT (continued)

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EMIARCHIVE TRUST

YEAR ENDED.31 MARCH 2025

of followers and users.

EMIAT-also provides access to the digital collectioo n réquest,subject to.approval, ofits photos, art work, film and audio to academics, media, charities, and institutional partners.

NATIONAL SCIENCE AND MEDIA MUSEUM (NSM), Bradford, partof the Science Museum Group EMIAT are in discussion with NSMM to provide. contentfor their new ‘Sound and Vision Gallery’ exploring the birth of recorded sound. The gallery launched in late 2024 aheadof Bradford City.of Culture 2025.

ALEXANDRA PALACE

Alexandra Park & Palace Charitable Trust. EMIAT signed a formal 10 year partnership with APPCT. Part of the partnership agreement included EMIAT gift of the 1935-Marconi-EM| prototype television trarismitter and provide content to interpret the display. EMIAT provided and paid for the-object’sconservation report, delivery of object. and. APPCT consultation with accredited ‘industrial conservatorfan Clarke ACR, FMA, FiMechE, MRINA, Summer/Autumn 2022. EMIAT continues to develop it’s relationship with APPCT, which included: progressing discussions around the displayirig of the Marconi-EMI prototype. television transmitter at Alexandra Palace and a potential partnership in 2025/ 26 around the history ofsound in the U.K.

‘PORTUGUESE BERLINER PROJECT

.EMIAT in discussion with the Instituto de.Etnoimusicologia - Centro: de Estudos de Musica e Danga (INET-md)EMIAT. around a project relatingto.Portugal’s earliest known commercial recordings held by the

ACHIEVEMENT& PERFORMANCE 2024/25

STEPHEN CLARKE &.THE GRAMOPHONE COMPANY DISCOGRAPHY

“We. launched the first searchable database of historically important recordings made. by the. Gramophone Company and its successors during the 78 RPM era rahging-from 1897 to 1947, and is. already being usedby-discographers, acddemics,and researchersalike and.is‘an invaluable resource.

ARTIST IN RESIDENCE — AYO BANTON

Leading UK.Creative Director, Ayo-Banton, officially became The Trust's ‘artist in residence’, and is exploringnew opportunities.to share Trust held artefacts, histories.and stories in innovative ways to reach hew and diverse audiences as part of the Trust’s e-commerce initiative. MrBanton has a nuifiber of creative projects in development, including photographyand art work:inspired. by the ‘Trust’s-archive.which have educational and-commercial Potential.

“TRUSTEE’S.ANNUAL REPORT (continued)

)

EMI ARCHIVE TRUST

YEAR ENDED 31 MARCH 2025

NEW WEBSITE

With the help of the Universal Music Group IT team, we have launched.a new and improved Trust website, www.emiarchivetrust.org thatis driving more awareness and éxcitémentaround the Trust aind its.collection.

FUNDING

Oe

As discussed ‘above,we have secured an in. principle grant of £2.1m from the Arcadia Fund to digitize ‘some of the Trust's more important recordings. This is a long-term, multi-faceted: plan.and will completely transform the future of the Trust and the Board’s ability to drive public access.

EM? TRUST ONLINE SHOP

Promoted by EMI.Records’ and The Trust's website, the: directto.consumerstore has béeri lauriched, ‘Selling T-shirts, mugs and more:expénsive.art prints.

EMIARCHIVE TRUST RELOCATION

The relocation effort ‘continues apace, with a suitable section of Universal Music Group's offices in King’s Cross, London being considered.

RISK STATEMENT

The Trustees, have assessed the major risks to. which The Trust-is exposed and have on-going ‘mitigation actions in consideration.

Risk:

External financial support receivedto cover the running costs-of The Trust is reduced.

Mitigation;

The administrationof The Trust is undertaken by EMI Group Ltd employees via-a service agreement: ‘The Trust has extended its longstanding service agreement. with the EMI Group Ltd (now owned by Universal Music Group) uritil the ist. of December 2027.

FINANCIAL REVIEW

The principal source offunding for:the year remained to be the £35,000 ofworking income.from: Universal Music Group International Limited, along with the donated services they provide through the-seconded employee. Net profit for the year increased -to:£2.7,867 (2023: £13,310) predominantly dueto reduced governance costs. Total funds as at 31 March 2025 therefore increased: to:£206,205 in line with the Trustee’srisk mitigation plan as mentioned above.

“TRUSTEE’S. ANNUAL REPORT (continued)

EMI ARCHIVE TRUST

YEAR.ENDED 31 IMARCH 2025

RESERVES POLICY

The Trustees are aware-that three months running costs neédto be-available in reserve.as a safeguard against unforeseen expenditure and liabilities and unpredictable iricome streanis and are: working toward that aim.

The: Trust held £206,205 on March 31, 2025.

The Trustees continue to focus on‘an expanded strategy to.apply for-external funding from a.variety” of national funds, private bodies and institutesto build a Sustainable, sécure long-term future for The Trust.

PLAN FOR 2025/26

The Trust has instituted a tighter strategy with a commitmentto publi¢ access.and this will form the basis for its goals and activities in 25/26.

saw the laurich.of the new website, further work with Universal Music. Group to.secure a new premises that will form a permanent'and meaningful homefor the collection that is accessible to all.

Most importantly, the digitization and archival strategy of the Trust’s vastcollectionwill be the Chair’s priority in 25/26 aided by the Trust's archive expert-Will Prentice. The progress made. with the Arcadia Fund, and the potential realization-of a £2,1m grant will have a material positive Impact throughout the ‘group.

New technology including.a 3D camera purchased by Universal Music Group will aid the access strategy in‘making the collection accessible toall, as well being a valuable educational resource.

Regarding the Gramophone Discography, we will continue to. maintain and drive progress here, to the-benefit of a huge.community. of researchers, academics:and. music-supervisors.

With the development of a more coherent and visible:online presence, the Trust will be able to continue:to drive profile around its collection and its efforts.

EMI ARCHIVE TRUST

TRUSTEE’S ANNUAL REPORT (continued) YEAR ENDED 31 MARCH 2025

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees, who are also the directors for the purposes of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The Trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the Charity for that period. In preparing these financial) statements, the Trustees are required to:

Select suitable accounting policies and then apply them consistently;
o Observe the methods and principles in the Charities SORP; Make judgements and estimates that are reasonable and prudent;
State whether applicable UK Accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006.

Approved by the trustees on 15" December, 2025

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And signed on their b Tenses eet
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Thomas Williams

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EMI ARCHIVE TRUST

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF EMI ARCHIVE TRUST

YEAR ENDED 31 MARCH 2025

| report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity’s trustees of the company (and also its directors of the company for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2001 (‘the 2011 Act’). In carrying out my examination | have followed the directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

| have completed my examination. | confirm that no material matters have come to my attention which gives me cause to believe that:

Accounting records were not kept in accordance with section 386 of the Companies Act 2006; or the accounts do not accord with such records; or

the accounts do not comply with the relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or

the accounts have not been prepared in accordance with the Charities SORP (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Glen Bott FCA

S Pond Spinney Northampton NN6 OGI

Date: oak -

EM! ARCHIVE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

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|||||||| |---|---|---|---|---|---|---| |Total Funds|Total|Funds| |2025|2024| |NOTE|£.|£| |INCOME| |Donationsand|legacies.|2.|90,869|87,462.| |TOTAL INCOME|90,869|87,462| |EXPENDITURE| |Expénditure|on|charitable|activities|3-|(55,303)|(49,636)| |Other costs|“4|(7,699)|(11,603)| |TOTAL EXPENDITURE|(63,002)|(61,239)| |NET PROFIT/(LOSS)'FOR|THE YEAR|27,867|26,223| |RECONCILIATION.OF|FUNDS:| |Total|funds|brought forward|178,338|152,115| |TOTAL FUNDS CARRIED FORWARD|206,205.|-178,338|

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‘The Statemenit of Finaricial Activities includes:all.gains.and losses in the year and therefore a. statement of total recognised.gains:and losses has. not béen prepared.

All of the above amounts relate to-continuing activities:

The notes’ on pages“17 to'21 form part of these financial statements

EMI ARCHIVE TRUST

STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025

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||||||| |---|---|---|---|---|---| |31|March|31|March| |2025|2024| |NOTE|£|£| |FIXED|ASSETS| |Property,|plant &|equipment|6|-|124| |-|124| |CURRENT ASSETS| |Cash|at|bank|209,297|177,746| |Debtors|7|-|1,361| |CREDITORS:|amounts|falling due within one|8|(3,092)|(893)| |year| |NET CURRENT ASSETS|206,205|178,214| |NET ASSETS|,|206,205|178,338| |FUNDS| |Unrestricted|income|funds|9|206,205|178,338| |TOTAL FUNDS|206,205|178,338|

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For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Trustees’ responsibilities:

° The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

.o) The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements were approved by the members of the committee and authorised for issue on.15" December 2025 and are signed on their behalf by:

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_y
Thomas Williams -
Trustee
,
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Company Registration Number: 03197688

‘EMI ARCHIVE TRUST.

;

NOTES TO THE FINANCIAL STATEMENTS ‘YEAR ENDED 31 MARCH 2025

)

1. ACCOUNTING POLICIES

“Basis ofpreparation

The financial.statements have been prepared in-accordance with Accounting and Réporting by Charities: Statement of Recommended Practice applicable to charitiés preparing their accounts.in accordance with Firiancial Reporting Standard applicable in the UK-and Republic of treland (FRS102) (effective 1. January 2019) — (Charities.SORP (FRS102)) arid. the Companies Act 2006.

‘The Trust meets the definition of'a public benefit entity under FRS102, The-financial statements: have been prepared under the historical cost conventionor transaction value unless otherwise stated in the relevant accounting policy note(s).

Gash flow statement:

The Trust has:taken advantage of the exemption in FRS102 froin. the requirement to prepare a cashflow statement, as it meets’ the definition of a small company under the CompaniesAct 2006.

Fund accounting

‘The general fund comprises those monies which may be. used towards meeting the charitable objectives.of the Trust-at the discretion of the directors.

Expenditure

Direct charitable expenditure comprises direct expenses:incurred on the defined:charitable purposes of the company.. Administrative costs include expenditure. incurred on gerieral administration, managemenit'and:compliance with constitutionaland statutory requirements.

Income

All iricome is creditedto the statement of financial activities.on an accrual basis.

Taxation

The Trust was granted charitable status by the Charity Commission {registration riumber 1056254) and is consequently withinthe-exemptions granted to charities for taxation purposes.

The Trustis consideredto pass the tests-setout in Paragraph 1 Schédule 6 Finahce Act 2010 and théreforeit meets the definition:of a charitable-company for.UK corporation tax purposes. Accordingly; The: Trust: is ‘exempt from taxation jn respect of income or capital gains recéived within categories covéred by Chapter 3 Part 11 Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains‘Act 1992, to the extent that such.income-orgains are applied exclusively to charitable‘purposes.

;

EMI ARCHIVE TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2025

ACCOUNTING POLICIES (continued)

Tangible fixed assets

‘Tangible fixed ‘assets are stated at cost less accumulated depreciation and accumulated ‘impairment losses.

Depreciation

Equipment 5 years straight line

The carrying value of tangiblefixed assets are reviewed for impairment in ‘periods:[if][ events][or] changes in circumstances indicate the.carrying value may not be recoverable..

Donation of archive material

EMI Group Limited and its subsidiary undertakings have donated archive-material'to The Trust, however while ownership of the assets ias passed to the.company, the donor companies have retained: income ‘producing,rights. ‘On this basis it has been concluded that the gifts have no direct commercial value to the Trust.

2. ‘DONATIONSAND LEGACIES

2. ‘DONATIONSAND AND LEGACIES
	Unrestricted		Total Funds	Total Funds
	Funds		2025:	2024
Donations	£	.	£	£
Donationsreceived Donated services.and facilities	35,566 55,303.		35,566 55,303	37,826 49,636
	90,869		90,869	87,462

In return for‘an-annual rent of £10, Universal Music Group International Limited (“UMGI”) provides accommodation and services for-the administration. of The Trust.

Under ‘the terms of the charities’ Statement of Recommended: Practice, The Trust records. the: cornmercial benefit of services received from UMGI as donated services and facilities with an equivalent amount being. included. as expenditure under‘appropriate headings.The benefit received is determined by reference to the actual costs incurred by UMGI in providing services. Under the ‘terms ofthe agreement with. UMGi, The Trust is paid £35,000.working income per-annum.

EMI ARCHIVE TRUST

NOTES.TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2025

COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE

----- Start of picture text -----
||||| |---|---|---|---| |Unrestricted|Total|Funds.|Total Funds| |Funds|2025|2024| |£|£|£| |Direct charitable:activity|55,303.|55,303.|49,636|

----- End of picture text -----

Theagreement).costs incurredfor direct charitable expenditure were £49;636 on wages &. salaries (via service

‘GOVERNANCE COSTS

----- Start of picture text -----
|||||| |---|---|---|---|---| |Unrestricted|Total Funds|Total|Funds| |Funds|2025|2024| |£|£|£| |Premises|costs|531|531|3,518| |Depreciation|-|424|124|1,448.| |Legal fees|-2,640|”|2,640|624| |Consultancy costs|2,128|2,128|1,276| |Other|costs:|2,276|2,276|4,737| |7,699|7,699|11,603|

----- End of picture text -----

5. STAFF COSTS. AND EMOLUMENTS

No staff are employed directly by The Trust but are seconded by UMGIt under the service agreement..

None.of the Trustees.were remunerated for. services rendered to the charity.

During the: year, there were no expenses (2024: £128) reimbursed-to.any.trustees.(2024: 1):

EMIARCHIVE TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MARCH 2025:

6. PROPERTY, PLANT’& EQUIPMENT

----- Start of picture text -----
Plaitt-and .
. Equipment
£
COST™
At 1 April 2024 11,967
At31 March 2025 11,967.
DEPRECIATION
At 1 April'2024. 11,843
Charge for the year 124
At 31.March.2025 : ‘11,967
NET BOOK.VALUE
At 31 March 2025 -
At 31 March 2024 124:
7, DEBTORS
.
Total Funds Total Funds.
; 2025: 2024
£ £
Prepayments and accrued income - 1,361,
8. CREDITORS:
Total Funds Total Funds
2025 2024
£ £
Accruals. "3,092. 893
----- End of picture text -----

----- Start of picture text -----
.20
----- End of picture text -----

EMI ARCHIVE TRUST

NOTES TO THE FINANCIAL STATEMENTS (continued} YEAR ENDED 31 MARCH 2025

9. UNRESTRICTED INCOME FUNDS

		Balanceat	incoming	Outgoing,	Balance at
		1April2024 = Resources = Resourtes			=.31March2025
	.		£	£	3
General	funds.	178,338.	90,869	(63,002)	206;205
		Balance at	Incoming	Outgoing	Balance at
		1April2023	Resources,	Resources	— 34% March 2024
	.		£	£	£
General	funds	152,115	87,462	(61,239)	178,338

EMI ARCHIVE TRUST

‘COMPANY REGISTRATION NUMBER 03197688

EMI ARCHIVE TRUST

EM! ARCHIVE TRUST

CONTENTS

EMI ARCHIVE TRUST

ADVISORS’ AND ADMINISTRATIVE DETAILS YEAR ENDED31 MARCH 2025

REGISTERED OFFICE

TRUSTEES:

SECRETARY

BANKERS

LEGAL

EMI ARCHIVE TRUST

TRUSTEE’S ANNUAL REPORT YEAR ENDED 31 MARCH 2025

REFERENCE AND ADMINISTRATIVE DETAILS

THE TRUSTEES.

WHO.ARE WE?

EMI.ARCHIVE TRUST

world’s largest and most diverse music aridsound technology-archives. TRUSTEE’S ANNUAL REPORT (continued) YEAR: ENDED 31 MARCH 2025:

GOVERNANCE.

‘OBJECTS AND ACTIVITIES

OUR VISION_AND OBJECTS

EMI ARCHIVE TRUST

OUR FOCUS 24-25:

ACCESS

EMI ARCHIVE TRUST

TRUSTEE’S ANNUAL REPORT (continued) YEAR ENDED31 MARCH 2025-

PHYSICAL ACCESS

Examples:

PARTNERSHIPS.

EM1 ARCHIVE TRUST

Exploring partnership opportunities with the V&A, London.

TRUSTEE’S ANNUAL REPORT (continued)

EMI ARCHIVE TRUST

YEAR: ENDED 31 MARCH 2025

COMMERCIAL OPPORTUNITIES

PUBLIC BENEFIT 2024/25,

ONLINE PRESENCE & RESEARCH ACCESS.

EMIARCHIVE TRUST

YEAR ENDED.31 MARCH 2025

ALEXANDRA PALACE

‘PORTUGUESE BERLINER PROJECT

ACHIEVEMENT& PERFORMANCE 2024/25

STEPHEN CLARKE &.THE GRAMOPHONE COMPANY DISCOGRAPHY

ARTIST IN RESIDENCE — AYO BANTON

“TRUSTEE’S.ANNUAL REPORT (continued)

EMI ARCHIVE TRUST

YEAR ENDED 31 MARCH 2025

NEW WEBSITE

FUNDING

Oe

EM? TRUST ONLINE SHOP

EMIARCHIVE TRUST RELOCATION

RISK STATEMENT

Risk:

Mitigation;

FINANCIAL REVIEW

“TRUSTEE’S. ANNUAL REPORT (continued)

EMI ARCHIVE TRUST

YEAR.ENDED 31 IMARCH 2025

RESERVES POLICY

The: Trust held £206,205 on March 31, 2025.

PLAN FOR 2025/26

EMI ARCHIVE TRUST

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

Approved by the trustees on 15" December, 2025

EMI ARCHIVE TRUST

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF EMI ARCHIVE TRUST

YEAR ENDED 31 MARCH 2025

Responsibilities and basis of report

Independent examiner’s statement

EM! ARCHIVE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

All of the above amounts relate to-continuing activities:

EMI ARCHIVE TRUST

Trustees’ responsibilities:

‘EMI ARCHIVE TRUST.

1. ACCOUNTING POLICIES

Gash flow statement: