2024-12-31-accounts

Charity registration number 1102001 (England and Wales)

THE AMERSHAM FAIR ORGAN MUSEUM

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

THE AMERSHAM FAIR ORGAN MUSEUM

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Mr K G Meayers Mr P Carlino Mr M R Frampton Mr B J Ely Mr J P Brice Mr R A Campbell Mr R Elliott Mr A Tyler-Moore Mr P R Davies

Charity number (England and Wales) Independent examiner

1102001 Dickinsons Chartered Accountants Brandon House First Floor 90 The Broadway Chesham Bucks HP5 1EG

THE AMERSHAM FAIR ORGAN MUSEUM

CONTENTS

	Page
Trustees' report	1 - 4
Independent examiner's report	5
Statement of financial activities	6
Balance sheet	7
Statement of cash flows	8
Notes to the financial statements	9 - 15

THE AMERSHAM FAIR ORGAN MUSEUM

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their annual report and financial statements for the year ended 31 December 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".

Objectives and activities

The purpose of the charity is the promotion and maintenance of a museum of fairground organs and their ancilliary equipment, figurines, carvings, pictures, prints and other works of art associated with fairgrounds, for the benefit of the public.

The collection was founded by Albert Edward ‘Ted’ Reed (1926 – 2022) who had a keen interest in steam engines and fairground equipment, notably mechanical organs. From the 1960s onward, Ted expanded his collection. In 2004, a charitable trust was formed in order to safeguard the future of this iconic collection and make it available to the public to ensure that this important part of Britain’s heritage is secure for future generations to enjoy.

The charity furthers its charitable purposes for the public benefit through the maintenance, repair, renovation, renewal and acquisition of the fairground organs, their ancilliary equipment, and other artistic works belonging to or in the process of acquisition by the charity. The charity is run day-to-day by the trustees.

The charity holds open days (free admission) for the public as well as private tours for individuals and groups and venue hire for events. These sales totalled £9,772 for the year ended 31 December 2024 which were supplemented by small donations from members of the public and friends which totalled £2,117.

During the year, the charity received a legacy of £1,407,950 from its founder, Ted, comprising property, instruments, organ figures and other items which will enable the charity to further its aims and objectives.

Public benefit

In shaping the organisation’s objectives for the year and planning its future activities, the trustees confirm that they have referred to the Charity Commission's general guidance on public benefit, including guidance on public benefit and fee charging. It is the judgment of the trustees that activities in pursuit of the above objectives fully meet the public benefit test, demonstrated by the free admission open days, which they have kept in mind when planning programmes for the charity.

Achievements and performance

Significant activities and achievements against objectives

The benefits of the charitable trust’s work are the education, promotion and enjoyment of fairground organs and related equipment that is evidenced by visitors visiting the charity’s museum in Amersham and the public, at large, recognising the museum as a part of Amersham’s heritage.

The museum is booked for private events and functions by external organisations who recognise the heritage and nostalgia of the fairground industry in Britain, which makes this venue special and a little different.

The charity has an annual membership scheme titled “Friend of the Amersham Fair Organ Museum” which is priced at £10 per UK member. This further directly supports the work of the Museum trust in pursuing its charitable objectives by providing interested members of the public with: priority dispatch of newsletters; advance notice of special events; opportunities to volunteer on open days; and participate in special visits to other places of related interest.

• 1 -

THE AMERSHAM FAIR ORGAN MUSEUM

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Financial review

The charity’s work is entirely reliant on donations, sales of private tours of the museum and venue hire for private functions. As a result of the significant legacy received during the year, the charity reported a net income of £1,377,822 (2023: £15,430 deficit) which does not reflect the underlying operational and challenging conditions in which the charity is actually operating.

The UK economy is facing a period of uncertainty and low growth coupled with the effects of global inflation and high interest rates resulting in a squeeze on cost of living standards. As a result members of the public have less disposable income to spend on hobbies, interests and recreational activities, such as visiting the charity’s museum or subscribing to its annual membership scheme.

The charity is run day-to-day by unpaid volunteers who provide substantial savings for the charity.

The charity has maintained a strong financial position with net assets of £1,573,953 as at 31 December 2024 (2023: £196,131).

As part of the legacy, the charity was gifted investment property comprising 50% of three industrial estate units and one residential property with an open market value of £1,259,000. This was a very welcome, and indeed much needed, injection of assets which will provide the charity with a further capital pool (for funding future charitable projects) in the medium to long term, while providing immediate cash inflow from the rental income generated from these properties.

The charity's funds are unrestricted comprising the unexpended balances of donations and sales, and the one off legacy receipt, which are not subject to specific conditions by donors as to how they may be used. This means that the charity has available funds for use at the discretion of the trustees in furtherance of their charitable objectives.

Risk management

The principal risks faced by the charity are challenging UK economic conditions affecting general cost of living standards which limit the disposal income members of the public have to spend visiting the museum or making donations to charities in general. Further, the charity itself faces rising overhead costs in terms of energy bills, rates and rising costs of materials and services required to run the museum and its associated activities.

Reserves policy

The trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately 6 months of unrestricted charitable expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.

Plans for the future

The charity will use part of the legacy to make significant improvements to the premises from which it operates, including kitchen, toilet and accessibility works which are planned to complete in time for the reopening of the open days on 2 November 2025.

It also plans to use some of the funds to bring one of the gifted, and shared, industrial units back into use as it has fallen into a state of disrepair, such that it cannot be rented out.

• 2 -

THE AMERSHAM FAIR ORGAN MUSEUM

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Structure, governance and management

The charitable trust is a registered charity, number 1102001, and is constituted under a trust deed dated 5 January 2004.

Nothing in the Trust Deed (the deed) restricts or excludes the exercise by the trustees of the powers given by the Trustee Act 2000 as regards investment, the acquisition or disposal of land and the employment of agents, nominees and custodians. In addition to their statutory powers, the trustees may delegate any of their powers or functions to a committee of two or more trustees. A committee must act in accordance with any directions given by the trustees.

With regard to appointment of trustees, there must be at least three trustees. Apart from the first trustees, every trustee must be appointed by a resolution of the trustees passed at a special meeting.

The trustees must hold at least two ordinary meetings each year.

At meetings, decisions must be made by a majority of the trustees present and voting on the question.

A trustee must absent himself or herself from any discussions of the trustees in which it is possible that a conflict will arise between his or her duty to act solely in the interests of the charity and any personal interest (including but not limited to any personal financial interest).

The trustees who served during the year and up to the date of signature of the financial statements were: Mr K G Meayers Mr P Carlino Mr M R Frampton Mr B J Ely Mr J P Brice Mr R A Campbell Mr R Elliott Mr A Tyler-Moore Mr P R Davies

Principal Office

28 Plantation Road, Amersham, Buckinghamshire, HP6 6HJ.

Charity Number: 1102001

Trustees’ responsibilities in relation to the financial statements

The Trustees are required to prepare financial statements which give a true and fair view of the state of affairs of the charity and of the result for that year. In preparing those financial statements the trustees are required to:

• Select suitable accounting policies and then apply them consistently;

• Observe the methods and principles of 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 accounts;

• Prepare the accounts 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 which disclose, with reasonable accuracy at any time, the financial position of the charity and to enable them to ensure the accounts have been properly prepared in accordance with the provisions of the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.

• 3 -

THEAMERSHAM FAIR ORGAN MUSEUM TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Independent Examiner The Charity is required to have an Independent Examination in accordance with the provisions in the Charities Acl 2011 (as amended by the Charities Ad 2022). Natalie Spallon FCA of Dickinsons, was appoinled Independent Examiner. The trustees, report was approved by the Board of Trustees. Eevi4 Me ek Mr K G Meayers Trustee Mr P Carlino Trustee Date.. 2011012025

THE AMERSHAM FAIR ORGAN MUSEUM INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE AMERSHAM FAIR ORGAN MUSEUM l ieport lo the trustees on my examination of the financial stslements of THE AMERSHAM FAIR ORGAN MUSEUM {the charity) for the year ended 31 Decembei 2024. Respon8ibllltieg and ba$18 of report As the trustees of the charity you are responsible for the preparation of Ihe financial statomants in accordance with the requirements of the Charities Act 2011. Having satisfied myself that the accounts of the Charily are not required to be audited this year by way of audit dispensation from the accounts scrutiny s8dion 144{2) of the Charilies A¢t 2011 granted by the Charities Commission on 19 September 2025 and are aligible for independent examination, I report in respect of my examination of your charity's a￿￿nIs as carried out under section 145 of charities Act 2011 <'the 2011 Act.). In caTrying out my examinatlon, I have followed the Directions given by Ihe Charity Commission (under sedion 145(51(bl of the 2011 Act). Indapéndent examiner's 8talamont Since the charity's gross income exceeded £250,CKKI. ihe indep8nd8nt examiner must be a member of a body listed In secllon 145 of the Charities Act 2011. 1 confim that l am qualif￿d lo undertake th8 examinalion because l am a member of the Institute of Charter%d AccountanLs in ErvJland and Wales, which is one of the listed bodies. Your atlents'on is drawn to the fa￿ Ihat the Charity has prepared the finanaal s18tements in 8ccord8nce with the relevant version of the Statèment of Recommended practi￿ applicable to charities preparing their financAal statements in accordance wilh the Financial Reporting Standard appllcable in the UK and Republic of Ireland (FRS 1021 in preference to the Accounting and Reporting by Charities.. Slalemenl of Recommended Practice Issued on 1 April 2005 which is referred to in the exlanl regulations bul has now been withdrawn. l understand that this h8S been done in order for the financial statements lo provide a Irue and fair view in accordance with UK Generally Accèpted Accounting Practice. I have completed my examination. I ￿nfirni Ihat no matters have come to my attention in connection with the examination giving me cause lo believo that in any material respect accountsng records were not kepi in respect of the charity as required by sÈdh)n 130 of the Charities Act 2011. the financial statements do nol accord with those records: or the financial slatemenl8 do not comply with the applicabl8 r8quirements concerning the fomi and content of financial statements sel cAJt in the Charities (Accounts and Reports) Regulations 2008 olher than any r8quiremenl that the financial statements give a t￿8 and fair view, which bs not a matter considered as part of an independent examination. I have no concerns and have ￿rne across no other matters in connection with the examination to which all6nlion should be drawn in this report in order to enable a proper understanding of the financFal statements to be reached. Natall Spalton FCA Dickinsons Chartered Accountants Brandon House First Floor go The Broadway Chesham Buckinghamshire HP5 1EG 20 Oclober 2025

THE AMERSHAM FAIR ORGAN MUSEUM

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

		Unrestricted	Unrestricted
		funds	funds
		2024	2023
	Notes	£	£
Income from:
Donations and legacies	2	1,410,067	-
Charitable activities	3	9,772	11,170
Investments	4	688	-
Total income		1,420,527	11,170
Expenditure on:
Charitable activities	5	42,221	26,600
Other expenditure	9	484	-
Total expenditure		42,705	26,600
Net income/(expenditure) and movement in funds		1,377,822	(15,430)
Reconciliation of funds:
Fund balances at 1 January 2024		196,131	211,561
Fund balances at 31 December 2024		1,573,953	196,131

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

• 6 -

THEAMERSHAM FAIR ORGAN MUSEUM BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes Fixed assets Tangible assets Investment propety 11 12 244,377 1,259,000 150,583 1,503,377 150,583 Current assets Debtors Cash at bank and in hand 13 13.317 61.485 679 44.869 74.802 45.548 Creditors: amounts falling due within one year 14 {4,226) Net current assets 70,576 45,548 Tolal assets less current liabilities 1,573,953 196,131 The funds of the charity Unrestricted funds 15 1,573,953 196,131 1,573,953 196,131 The financial stalements were approved by the trustees on 2011012025 D-. 1,, 2IJ252Tr.03..45CMT+II Mr K G Meayers Trustee Mr P Carfino Trustee

THE AMERSHAM FAIR ORGAN MUSEUM

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 DECEMBER 2024

Notes Cash flows from operating activities Cash generated from/(absorbed by) operations 17 Investing activities Purchase of tangible fixed assets Proceeds from disposal of tangible fixed assets Investment income received Net cash generated from investing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year	2024 £ (373) 1,306 688	£ 14,995 1,621 16,616 44,869 61,485	2023 £ £ (16,109) - - - - (16,109) 60,978 44,869

• 8 -

THE AMERSHAM FAIR ORGAN MUSEUM

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

Charity information

The Amersham Fair Organ Museum is an unincorporated charity registered with the Charity Commission for England and Wales.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known with reasonable certainty and receipt is expected.

• 9 -

THE AMERSHAM FAIR ORGAN MUSEUM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies (Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings Not depreciated Organs and related equipment 20% Written down value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

• 10 -

THE AMERSHAM FAIR ORGAN MUSEUM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies (Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

2 Income from donations and legacies

	Unrestricted	Unrestricted
	funds	funds
	2024	2023
	£	£
Donations and gifts	2,117	-
Legacies	1,407,950	-
	1,410,067	-

3 Income from charitable activities

	Unrestricted	Unrestricted
	funds	funds
	2024	2023
	£	£
Open day sales and private events	9,772	11,170

• 11 -

THE AMERSHAM FAIR ORGAN MUSEUM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

4 Income from investments

		Unrestricted	Unrestricted
		funds	funds
		2024	2023
		£	£
	Interest receivable	688	-
5	Expenditure on charitable activities
		Unrestricted	Unrestricted
		funds	funds
		2024	2023
		£	£
	Direct costs
	Depreciation and impairment	23,739	-
	Other Charitable Expenditure	-	26,600
	Museum Supplies	1,366	-
	Repairs and Maintenance	5,453	-
	Rates	2,643	-
	Power, Light and Heat	2,595	-
	Computer Running Costs	513	-
	Bank Charges	3	-
	Insurance	212	-
	Subscriptions	24	-
	Travel	113	-
	Telecommunications	1,588	-
	Printing, Postage and Stationery	743	-
	Accountancy	3,000	-
	Donations	229	-
		42,221	26,600
6	Net movement in funds	2024	2023
		£	£
	The net movement in funds is stated after charging/(crediting):
	Fees payable for the independent examination of the charity's financial
	statements	3,000	-
	Depreciation of owned tangible fixed assets	23,739	-
	Loss on disposal of tangible fixed assets	484	-

7 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

• 12 -

THE AMERSHAM FAIR ORGAN MUSEUM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

8 Employees

The average monthly number of employees during the year was:

	2024	2023
	Number	Number
Total	-	-

There were no employees whose annual remuneration was more than £60,000.

9 Other expenditure

	Unrestricted	Unrestricted
	funds	funds
	2024	2023
	£	£
Net loss on disposal of tangible fixed assets	484	-

10 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

11 Tangible fixed assets

Freehold land and buildings Organs and related equipment £ £ Cost At 1 January 2024 150,000 583 Additions - 119,323 Disposals - (1,950) At 31 December 2024 150,000 117,956 Depreciation and impairment Depreciation charged in the year - 23,739 Eliminated in respect of disposals - (160) At 31 December 2024 - 23,579 Carrying amount At 31 December 2024 150,000 94,377 At 31 December 2023 150,000 583	Total £ 150,583 119,323 (1,950
	267,956
	23,739 (160
	23,579
	244,377
	150,583

• 13 -

THE AMERSHAM FAIR ORGAN MUSEUM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

12 Investment property

Fair value At 1 January 2024 Additions through external acquisition At 31 December 2024	2024 £ - 1,259,000
	1,259,000

Investment property comprises three industrial estate units and one residential property. The fair value of the investment property has been arrived at on the basis of a valuation carried out at probate on an open market value basis by reference to market evidence of transaction prices for similar properties.

13 Debtors

Amounts falling due within one year: Other debtors Prepayments and accrued income	2024 £ 10,000 3,317 13,317	2023 £ 679 -
		679

14 Creditors: amounts falling due within one year

Trade creditors Accruals and deferred income	2024 £ 954 3,272 4,226	2023 £ - -
		-

15 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

	At	1	January	Incoming	Resources	At 31
			2024	resources	expended	December
						2024
			£	£	£	£
General funds			196,131	1,420,527	(42,705)	1,573,953

• 14 -

THE AMERSHAM FAIR ORGAN MUSEUM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

15 Unrestricted funds (Continued)

	Previous year: At 1 January	Previous year: At 1 January	Incoming	Resources	At 31
		2023	resources	expended	December
					2023
		£	£	£	£
	General funds	211,561	11,170	(26,600)	196,131
16	Related party transactions
	There were no disclosable related party transactions during the year		(2023 - none).
17	Cash generated from/(absorbed by) operations			2024	2023
				£	£
	Surplus/(deficit) for the year			1,377,822	(15,430)
	Adjustments for:
	Investment income recognised in statement of financial activities			(688)	-
	Non-cash donations			(1,377,950)	-
	Loss on disposal of tangible fixed assets			484	-
	Depreciation and impairment of tangible fixed assets			23,739	-
	Movements in working capital:
	Increase in debtors			(12,638)	(679)
	Increase in creditors			4,226	-
	Cash generated from/(absorbed by) operations			14,995	(16,109)

• 15 -