Registered number
3124250
The City of London Phonograph and Gramophone Society Limited
Company Limited by Guarantee
Directorn. and Trustees, Report and Unaudited Financial
Statements
For the year ended
31 July 2025
Charity number 105T638
*AEZStkMG'
0210412026
COMPANIES PK)USE
#118

Tho City of London Phonograph and Gramophone Society Limited
IA com￿Y linlted by gI￿rnn￿e1
Directors. and Trustses. Report and Unaudited Finaneial Statemènts
Year ended 31 July 2025
Contents
Reference and administratple detaib ofthe Company. its Tr￿tee5 and thisers
Directors. and Twstees. Report
Independent &xaminer'$ rewt
Statement of fIn￿cial a¢tivities
Balance sheet
Notes to the financial sL*ements
Detsiled ststement of financial a¢livitss
10
11-15
16

The City of London Phonograph and Gramophone SOc￿ty LiThHted
(A company limiled by guarnnte•)
Reference and administrdtive details of the Company. its Trustees and advisers
Company name
The City of London Phonogrdph and Gramophone Soc*ty Limited
Directors
Mr. J. H. C. Proudfoot
Mr. 8. E. Oakley
Mr. R. J. Girling
. Mr. K. R. Harrison
Mr. R. S. Scott
Ms l. Stanovic
MS E. R. G. Hedger
Mr T. H. Stephenson
Mr P. N. Leech
Mr A Pi¢kard (appointed 5 October 2025)
Secretary
Mr. R.S. S¢ott
Independent examiner
Mr D. Saint, ACA
3 Old Dairy Cottage8
Ibstone
High Wycombe
Bu¢ks
HP14 3Y
Bankers
Natimal Westminster Bank pk, Reth*￿0d Bank Linwted and WdwnK)re 8ank PLC
Registered offiee
The Tangle
Ibstone
High Wycombe
Bu¢k$
HP14 3XT
Registered number
3124250
Charity number
1057538

The City of London Phonograph and Gramophone Society Limited
(A company limited by guarantee)
Directors. and Trnstees. Report
Year ended 31 July 2025
The Dired￿$ for the purposes of the Conyanies Act (ttht￿ are 4s0 the T￿￿tee$ of Ihe Coryany )
have pleasure in presenting th•ir rewt and the unau(fjied thancial statements of the Conyany for the
year ended 31 July 2025.
The Directors confirm that the annual report and financial statements of Ihe company meet the
requiremerrts for a threctOTS' report and accounts for Companies Acl purposes and coThyly *ilh Ihe
CharFtes Act 2011. the Compantes Act 2006 and the Accounting and Reports'ng by Char￿e5.
Statem¢nt of Recommended Praclice applicable to ¢harilies preparing their accounts in 8¢¢ordance w￿1
the Finanual Reporfing Standard applicable in the UK and Republi¢ of Ireland IFRS102)(effeclive 1
January 2015).
Directors
- ￿Ved as threctors OJring b)e year:
Thc follo5￿19 .
Mr. J.H.C. PrLMKlfoot
Ms l. Stanowc (appointed 6 October 2024)
Mr. B.E. Oakley
Mr. R.J. Girling
Mr. K.R. Harrison
Mr. R.S. Scott
Ms E. R. G. Hedger
Mr T. H. Stephenson
Mr P. N. Lee¢h
structurn, Gov•rnance and Management
The Compony is limited by guaranteo and IE a Registered Chanty. Nmber 105753A The f•nmr)any is
bound by its Memoronthm and of*￿)(￿all￿n *thi¢tJ ore lodged at both c￿￿￿¥Jni￿ HNLqe and
the Charity Commisioner5.
The policy and general management ofthe Company 1$ <bre¢ted by the Board of DKector5 vthose
number shall not be less than 4 nor more than 12. The (firectors are appointed by Ihe membe￿ of the
Society at the Annual General Meeting from th￿r number and during the tenn of office. ea¢h thrector
must be a member of the Society. At the knnual General Meeting. two membefs ofthe Board of
Oirectors foi the time being shall felÉre from office vthen the nurnber of rfirectors exceed5 five and three
en the number of direGtors exceeds nine. The members of the Board of Dwecth to retire shall be
the membets have been longest in office since th￿r election or aplxxnlment. A reliring Member of
the Board of Direct¢X5 shall be di&ible for re-eleclion.
The Company maintains links and works with any and aH parties have an interest in the
futherance of ts charita￿e objectives.

The Directors carry a iisk assessment upon the aclivilies undertaken in Nder to safe￿ard the
assets of the Company. The D1￿ClorS intend to review the risk assessment ea¢h year in order to
maintain the effectiveness ofthe mewes implemented 85 a resull of their assessment.
Objectives and Adi¥ities
The principal activity of the CoThyany Ixxing the year was that of a learned sotsety.
The obje¢tive5 ofthe Company are to athian¢e the edu¢ation ofthe publi¢ in the art, scien¢e and
history ofthe reproduclion ofsound. In order to a¢hieve these obpthes. the Directo￿ are committed
to increasing the membershp of the soaety each year, prepare periodic iownals, attend appropriate
trade fairs and provide other events to publicise and pr¢)mote Ihe Coffpany's ¢haritabl¢ obieclives.
The Directors believe thal by promoling the stated obie¢ts¥es, Ihe ILmg term stratew ot the Company
11 be ac*bieved.
The Dife¢tors and Trustees 7Aish to express their Wall￿de to Ihe volwitews G￿linUe to offer their
unpaid seNices for the beneffit of the $o¢iety.
The Diredors con$ider that the a¢ts¥itses of the conv￿ have a¢hieved ils stated aiws thring the
year.
The Company's Reference Series publicalions remain Very popular and continue to sell well. The
ongoing support and development of the pernHnent exhibibty) of talking mathines at The Musi¢al
Museum provides exposure ofthe Company's charitable objectives to the general puNi¢. The
Company also awards Richard Taykn 8ur8anes to supp(¥t ￿l￿al research wopcts *thich helps
in¢rease tts a¢ademrc profde.
Financial Review and Policies
The Direct(Ks are mindful oflhe resources available to the c￿ and review its aclivrties rwarly
to confirm that there are sufficient funds aVala￿e to conlrne to promote the tharitable obp¢tives
The principal source of funth.ng c(￿￿nueS to be membership sub5Wions. However. Ihe c￿ent period
has seen a Si￿1￿cant increase in 'one off thnations and legaaes have putthe Company in a
strong position to continue fvnding rts aclivitFes.
Every member ofthe society has undertaken to ¢￿trIbute suth anmwnt as may be required (not
exceeding £10) to the Companys assets should it be wound up ￿thi[e he or she is a member or vrfthin
one year after ¢ea$ing to be a men**er. Ifthe Company 1$ wwnd up or thsofved, its wlus assets will
be gven or transfe￿ed to a Coffipany Ihilh obp¢ts similarto those ol the Conyany.
The Directors review available funds rewlarly in order to ensure that the Conyany has suffilaent
resources to maintain its operation$ for a period of one year wthilst new swrces of fUnd￿g are
obtsined.
After rYokFng appropriate enqutries, the Directo￿ have a reasonable expe¢lalion that the company has
adequate Tesources to conts'nue in operational existance for the I0￿eeable luttwe. Forthis reason. they
¢ontinue to adopt the going concem basts for preparing ffftanciai ststements.

Dir¢¢lors' Responsibilit*s in relation to the F￿￿1•1 Statwrn
The Cofrwny Tnjslees (vkno are also the threctors oflhe Cty of London phono￿aPh and
Gramophone Society'Limtted for the purpt)ses of company law) are responsible for prying the
Directors, and Twstees. Report and financial statements in accordance *ilh applicable law and United
Kingdom Accounting Standards (United lfjngdom Generally knepted A￿nting Stsndards).
Company law requyes Oirectors to Fffepa￿ ￿￿on¢la1 slakments for ea¢h year give a Iwe and
fair view of the state of affaits of the ¢haritatAe Company and of the income resources and applica15on
of resources, induding income and expendihKe. of the CoThwny for that penod. In preparing financial
8tatements, the Directors are re￿i￿d to..
- select suitsble a¢¢¢￿tIng p￿1¢1*$ and then apply them consistenty"
- observe Ihe methods and prin¢wls in the Chari¢tes SORP:
- make iidgement and estimates that are reasonable and prudent:
- slale v*hether applicable UK accounling stsndard5 have been fOll￿Ned, W￿lect to any material
departures disdosed and explained in the ffinanual Ststements;
. prepare the finanaal statements on o going ¢Lmcem basi% unless it is iTrapwowiate to Presume
that the Company will ¢onlinue in operation.
The Directors are respons￿e for keeping woper accwnlin9 record5 Ihat (Ssdose wilh reasonable
accuracy at any ts'me Ihe financial pO$￿'0n oflhe Company and to enable them to ensure thatthe
financial statements COrnFAy knith the Conwanie$ Act 20Q6. They are aL80 respon%ble for safegwarding
the assets of the Corrpany and hence laking reasonable steps for Ihe prevention and detection of
fraud and other irrewlarities.
The Directors are responS*￿e for the maintenance integrity ofthe wNate fmancial
information induded on the charits￿e ¢ompan¥$ websrte. Legislation in the Unrted Kingdom goveming
the preparatson and dissenunalion of financial ststements may drffer from leg51ation in other
jurisdiction$.
This reportwas approved by the the(tss
/l.T. •d $i￿¢d m their behalf by..
MrRSScott
Director

The City of London Phonograph and Gramophone S¢x*ty Limited
(A company limiled by guarantw)
Independent Examlnerfs Report to the Trustees of
The City of London Phonograph and Grdmophone Society Limited
I repLYl on the financial statements ofthe Mwoany for the ye¥ ended 31 Juty 2025 whith are Set wt on page 9 to
16.
This report is made sdey to Ihe compan￿$ Tnjstses {vkno are also i*reclNs kn Ihe puryK￿ of Company Lawl. as
4 body, in accordance with section 145 of the Charibes A¢t 2011 (the ACO and regulalions made under seclion 154
of that Act. My wNk has been undertaken so that I nwght state to the convan￿5 Trustees those matters l am
required to state to them in an examinerfs report and for no other purpose. To the fU￿e$l extent P￿rnitIed by law, I
do not a¢¢ept or assume responrAknlity to anyone other than the ¢cAnpany the corr@an￿S Tntstees as a body,
for my work or for thbs reporL
Resi)e¢li¥e Responsibilities of Trustees and Examiner
The Twstees are responsible for the preparation ofthe finanaal ststements. The Trustees ¢on$ider that an autht 1$
not rewired for this year under se¢tiM 144(2) of the Charilies PLt 2011 and that an independent exaFThnation is
needed.
Having satisfed myself that the company is not subprt to auth under thaiity or comp￿Y law and is eligible for
independent examination, il bs my responsibility to:
- examine the ffinanaal statements under $ection 145 ofthe ￿￿,.
- folow the procethres laid dovm in weral threclions gven bylhe Charity Com¥¥yssi¢ffi ￿der $e¢liM 145(5)Ib) of
the A¢¢ ' and
- state whether parfi¢ular rrAtters have come to my attention.
8a$i$ ot Independent Examlnerfs Report
My examination ￿a$ ¢aryied out in accordance wilh gener81 i*"reCli￿￿ gven by Ihe Charity Commi*$ion. Nn
examination indudes a review of a¢¢<AJnling records kepl by the ￿n￿anY and a conyari50n of the financial
ststements presented ￿1h those re¢ord$. It al$0 indudes ¢onsideration of any unusual items or thsclosures in thè
nancial ststements, and seeknng explana110r￿ from you as Trustees CL￿Ce￿ing any suth mattern. The
procedures undertaken do not provide all of the evidence that Y￿Uld be required in an autht. and con5equenty no
opinion is given as to whethei the financial 3tstements present a Inje and fair and the report is limbted to
those matters set wt in the staternent below.

Independent Euminerfs SL*•
In ¢onneclion 7rtilh my exarThnation. no matter has Come to my altents¢)n .
1. gives me reasonable cause to believe that in any material respedlhe fequirements..
- to keep accounting records in ac¢ordan¢e wth seclion 386 oflhe Companies kt 2006", and
- to preparc financial ptatcmcnts v+hich accord Ihe ac￿n1'na Tecord6 and comply
the accounling re(wirements of sectioTr 396 ofthe Companies Ad 20C6 and with the
methods and prinuples ofthe Statement of Recommended Fb¢tice'. Acco￿lting and
Reportirsg by Charities have nol been met,. or
2. to vthich. in opirwon, attention should be (travffl in order to enable a understanding of the financtal
statements to be reached.
D. Saint, ACA
Independent Examiner
3 Old Dairy Cottages
Ibstone
High Wy¢ombe
cks
HP14 3YW

The City of London Phonograph arml Gramophone Society Limited
(A cornpaThy linmted by guaMtw)
Statement of Finaneial Aetivitses
(incorporating the In¢ome and Expendityre Acc(wM
for the year ended 31 July 2025
Total
Funds
2025
Funds
2024
Donations and legacies
Income from charitable activttses
Subs¢ription income
Interest
35,600
10,473
11.616
2,561
658
5,015
11.295
2,583
Total Income
19.551
Exp¢Dditure on .
Expendibjre on Charitable activities
E¥pendibJre on goveman¢e ¢osts
29,483
31.000
soo
30283
31.600
Net Inwn• forth•
29,967
{12,049)
Raconcilialion of Funds .
Total lunds brought foThMd
88242
100.291
Total Funds ¢anied forward
118,209
88,242

The City of London Phonograph and Grarnophone Society Llmited
IA company limited by guarantee)
Balane¢ Sh•gt
as al 31 July 2025
2025
2024
Fixed assets
Tangible assets
4,TlO
4,770
Currnnt assats
Stocks
Cash at bank and in hand
6.750
116.659
123,409
6.750
82,548
89.298
Creditots: anmwnts fallmg due wthin
one year
10
{9.970)
(5.826)
Net current assets
113.439
83.472
Net assets
118209
88.242
Charity Funds
Unre5trirted funds
118209
88.242
Total Funds
118.209
88,242
The drrectOTS are satisfied that the ¢ompary is entiled to exemplity) from tr* requirement to obtain an
audit under section 477 01 the Companies ALt 21x6.
The member5 have not retwired the ¢onyany to ¢)blw an auot in a¢corkn¢e vAlh section 476 of the
The dire¢tors a¢knovledge their responsilH"liti"es fc* ensuring that the company keeps aeeounling
records Ythi¢h CoM￿Y vAlh seclion 386 of the Companies Act 2CK6 and for preparing ffinancial
statements give a true and fair ¥iew of Ihe stste of affairs of the company as at 31 July 2025 and
of its resurts for the year then ended in ac¢ordan¢e the rerymrements of $e¢tion$ 394 and 395 of
the Companies Act 2006 and which otherv•ise CO￿￿￿ V•ith the requirements of the Companies Act
2006 relating to fmanc4al statements so far as applicable to the ¢¢nwany.
The finanaal statements have been prepared n aCc￿danCe *ilh Ihe speaaF w0visir￿￿ relalwig to
companies subject to the small ¢otrparHes regime ¥￿thin Part 15 of the Companies Act and in
accordance ￿1h the Financial Repwling Standard applicable in Ihe UK and Republi¢ of Ireland
(FRS7021{effective 1 January 20151.
The financial ststements V•VC approved by the board w 11. l. ts
and $i￿d on their behalf ty.
Mr R. S Scott

The City ol London Phonograph and Gramophon¢ So¢i¢ty Limited
(A ¢t￿panY Ilmlted by guarantee)
Notes to the Financial Statements
for the year ended 31 July 2025
Accounting polici•5
Baws olpreparation
The financial $tstements have been prepared in aCCordar￿e *ilh the Accwnling and Reporling
by ChaTilies: Ststemwrt of Recommended Practice applicable to ¢harittes preparing their
accounts in accordance V*ith the Finanaal ReP￿ting Stsndard appli¢able in the UK and Republic
of Ireland {FRS102){effective l January 2015) - {Charities SORP (FRS102)), and the Companies
Act 2006.
Companystatus
The cornpany is a ¢onwy limiied by umwantee. In Ihe eventthat the comp￿ is wound up, the
liabilty in respe(* ofthe wafantee is limited to £10 per Memb￿ ofthe company.
The Company only has finanaal assets and ffin8n(ial liabilibes of a knd that qualify as basic
financial instruments. Basic financial instruments are iThl1￿ re¢wised al transaclim value and
subsequentty measured at their selvement value.
Fund accounling
Al income 15 dassed as in¢ome Irom Lmrestri¢ted sowces urkn Ihere 15 8 $petifi¢ condition
attached to the income as to its use by the Company then it 1$ relle¢ted as restricted funds
ithin Ihe financ4d statements.
Incomfr
l income resources are induded m the $￿tem￿l of fjnan¢ial a¢tsvibes vthen the company is
legally entitled to the income and Ihe amount can be wanbf*d *fjth reas￿able accuracy.
Sub$¢riptions are accou￿ for on a re¢er4ed basis and al other sources on an accfuals basi5.
In¢ome tsx recoverable in rela1ion to don81ion$ received under gift aid is ree<>gnised at the time
that the 1$ a￿epted by HM Revenue and Customs.
All expendilure ￿ accounted for at the time Ihat it artses has been ir•duded under the
expense ￿tegOrieS that ag￿eMe all ￿$ts for alocation to adivrlies.
Governance costs are those T￿￿￿ed in coMe¢bon administration of the company and
coThwlian¢e ￿1th cthislitulional stalutory rwmrements.

ran￿'ble flxed •ssets
Individual fixed assets ale measured at cost less aC￿￿ljIa￿Ve deprecialion and any
accumulative ivvpairment losses. Certain assets *ill be rev¥alued periodically in cfder to reffect
their true maikel value.
Depre¢iatiM vs provKled on all tangible r￿ed assets. at rates calculated to vKite off the cos( less
estimated fesi¢knal value, of eath asset evenly o¥￿ its expected lrfe, as fouows..
Coftyuter equipment
Fixtures & Fr￿n
Other assets
over 3 ye¥s
over 3 years
o wovision a5 vahje exceeds eost
Stocks are measured at the lo*r of Cost and eslimaled net realisable value. after makn'ng the
allowance fi>r Lthdete and slthv mo¥ing items. Cost is delemiined using the fM5t in out
method.
Debtors
' Short tenn debtor5 are measured at transathon prl¢e (v*4th is usualty the wM>ice wicel, less
any impairrnent losses for bad and debts.
c￿￿110r$ and provisions are reco￿lsed the coM￿Y has a Fyesent obligation resultsng
from a past event and suth obligation can be measured or estimated reliably. Short temi
creditor5 are measured at transa¢tion price (vthi¢h FS usu* the inv(xce price).
Foreign currency I￿sIation
Assets and lia￿.1111es in forei￿ currencies are tran4ated w)to sterting at the rates of exchange
ruling at the balance sheet date. Tran5aclions in foreign currencies are initiaHy recognised at Ihe
late of exchange wling at the date of the transaclion. Exthange ¢thfferen¢e¥ are taken in
account in aryiving at the net income fLY the period.
Donalion$ and lègacies
2025
2024
Donalions and legacies received
Voluntary income
Al amounts received ￿reStr1ded ￿nds.
35.600
35.600
658
658

Income fmm Chaiitabl•
T¢>tal
funds
Total funds
2025
2024
Book shop income
Phonofai
Aifvertising reveNe
Reference series sales
London meetings colle¢lions aftd
gift aid
Centenary
Needle Tir
Master selles
Malvem weekend {net income
Olher in¢ome
1.375
1.375
1.069
1,681
731
731
30
126
7.536
116
10.473
1,413
62
116
10,473
5,015
Total
lunds
Total lunds
2025
funds
2024
Subs¢ription$
Gift aid
11.616
11.616
11295
11.616
11,616
11,295
PJI amounts received Thwe ￿lestrIcted ￿nds.
Expendiknre on ¢harilable
Tolal
funds
Total funds
2025
funds
2024
Sun*nary byfund type
Costs of generating #)come
29.483
29,483
31,000
All expenditure was met from Lnre5tsicted fijnds.
¢3ovem•ce ¢osts
2025
X124
Awountsncy fees
The eXpenth￿re related to the Independent Exa￿ne¢S remuneration
Al expendthre vlas met from ￿resti)rted fund5.

202S
2024
For the Re¢ord PTinlwig
Other pr￿ling
eooks, oylindeTr and other purthases
Phonofair costs
Room hire and meeting expenses
Postage. ststionery and ath4erfising
Subsuiptions
Web $ite costs
Oepreaation
Insurance
Sundry expenses
Travel costs
Bursary
Repairs and maintenan¢e
Licence fee
5.463
2,799
33
192
6.488
6.977
795
2.973
4,930
7,082
783
912
1.554
556
3,827
206
567
1.931
45
1.765
188
187
29.483
31,01)0
EMplo￿eS
2025
Numl
2024
Number
Average number of pers￿$ enyh)yed by the conyny
No Salaries or wages have beffi paid lo eThWoyees thiing the year. AJI rfWect0￿ and voluntsers
provided their servi¢es free of ¢harge.
Tangib￿ ass•ts
Other Fixtsrns & Computer
assets Fittings equipn￿t
Total
Cosl
At 1 August 2024
Ad<thtions
4.770
11.968
1.707
18,445
At 31 Juty 2025
4.770
11.968
1,707
18,445
Depr•ci•tion
At 1 August 2024
Charge
At 31 July 2025
11.968
1.707
13,675
11.968
1.707
13,675
Net IM)ok wa￿e
At 31 July 2024
131 July 2025
4,770
4.770
4,770
4,770
In previous years. the (ffire¢to￿ idenlified assets *thich had been acwired and vthich had no cost
value recorded Mfjthui the $ooetys Balance SheeL In order that the exi5ten¢e is not10st to the
soaety, the directo￿ re-valued those assets and induded Ihem wthin Ihe ffinan￿al statements
dw the heading 'other assets-

The assets concemed and the threctLYS Voluali(XLS ¥e:
Tust of Ethson"
an Expert Minor Gra￿[￿One-
the"Frank Andrews Trophy"
a "HMV 461 Gramophone"
value
value
value
value
£2.000
£1.500
£655
£615
10
Cr•dIto￿. amounts fallwbg due wilhw onè par
2025
2024
Other crethiors
Deferfed income
500
9.470
9,970
1,100
4,726
5,826
11
Statem•nt of Funds
2025
2024
u￿r￿trI￿d funds
8alan¢e at 1st August 2024
In¢oming resources
Resources expended
84lan¢e at 31 Juty 202S
88.242
60.250
(30283)
118.209
100291
19,551
131.600)
88,242
12
Analy51$ of a55ets between fvnd$
2025
2024
Unveslricted funds
ran￿l￿e fixed assets
Cuffent assets
Creditors due witin year
Balance at 31 Juty 2025
4.770
123.409
(9.970)
118,209
4.770
89.298
(5.8261
88,242
13
Related party trnnsxtions
There were no f*led party transadions for the ye* ￿ded 31 July 2025 ry 31 Juty 2024.

The City of London Phonograph and Gramophonfr So¢wty Llmit¢d
(A oxnpany limited by guardntae)
Detailed Statement of Financial A¢tivilies
for the year ended 31 July 2025
2026
Oonat40ns and 1oga¢ies
35.600
658
Income fvom Charitable activ￿reS
Book shop income
Phonofairs
Advertising revernie
Reference Series sales
Lon¢S)n meetings colledions and gft aid
Centenary
Needle b.ns
Master series
Malvem weekend (net income)
Other income
1.375
1,069
1.681
731
126
7.536
116
1.413
10.473
5,015
Su5criplion in¢om•
Subscriplions
Gift aid
11.616
11295
11.616
11.295
Interest
2.561
2,583
Totsl Income
60.250
19,551
Expe1Mlilu￿ on chaiilable activilies
For the Record PTinliig
Other pruiting
Books, Cylinders and other purchases
Phonofair costs
Room hire and mee1ing expenses
Postage, stationery and otherfi￿ng
Subs¢riptions
Web $ble costs
Depreaation
Insurance
&Jndry expenses
Travel expenses
rsary
Repairs and maintenance
Licence fee
2.799
33
60
4,930
7,082
783
912
1,554
556
3,827
206
192
6,977
795
2.973
567
1,931
45
187
29.483
31,000
ExPendI￿re on govemance ¢osts
600
Totsl expendlture
30.283
31.600
Net Inc4>me
29.967
{12.049)