nd 202 for eatre Pi tions Maximus Accounlancy Services Limiled 47 Kensinglon Road Chichester Wesl Sussex P019 7XS
Thtre P" Or Preservation SOCÈ f th Page Refereuce and Administrative Details Report of the TruM¢e$ Tndependent Examinevs Report Sthtemenl of Financial Activilies Balan¢e Sheet Note$ to the Finl¢la1 Stsiements 7 to 11 Detsiled stsiemenl of Fitlancial Activities 12
Theatre Pi Or all Preservatiotk S(Ki Reference and Administrative Details for the Y&ar Ended 30 June 2025 TRUSTEES M J WIM)IdTidge Mt5 W J Baker Mrs D S Jenkins PRINCIPAL ADDRESS An5ty House Henfield Road Smau thle Wesl Sussex BN5 9XH REGISTERED CHARITY NbiMBER I160194 INDEPENDENT EXAMTNER Maximws Accountancy 8ervi¢es Limited 47 Kcn5Rti8ton Road Clxichesler Wesi Sussex P019 7XS BANKERS Lloyds Bank Haywards H¢Ath West sseX Pa2¥ 1
Theatre Pi Oroan Prexervation Societv Re ort of tlie Trustees for the Year Ended 30 JLtne ?025 Thc trustees present their report wkth 1he fmatLcial ateMen18 of the ChIlY for the year ended 30 Je 20?5. The trustee5 have adopted the provisions of Accoutttllig aDd Reporting by Charities: Statement of Recoinmended Pra¢tic applicable to chatiti¢s preparing theyI accouuts in accordance with the Financial Reporting Siaudard applicable iu the UK and Republic of Ireland (FRS 102) {effective l January 2019). OBJECTIVES AND ACTIvIs Objectives and aims The charity w&$ formed on 28 January ?015 with the objective Io PTomoie. improve. develop and nints1ll public educaiion in and appreciation of theatre pir organ music by. inter alli the aquisilion. main¢eDance ond presewaiion of organs and the trainin8 and thcation of youn8 musicians who wish to Icarn the skills of playing Éheotre pipe orga. Public beD¢flt The tsuslees have complied with the duty in 8edioD 4 of the Charitics Aci 2011 to have due regard lo guidauce published by the Charity Colljmission, including lIdllee on Public Benefit. ACHIEVEMENTS AND PERFORMANCE ChArltxble octivities We l]avc been dis&ppoinled that aitendance numbers al our events have not ri¢n &% much as we had hi)pcd they would during the last ycttr, resuliing in s¢Jme events not covering thew costs, though, on the whole. our Wurlii/.er I'ea Dojices hav¢ continued lo provide an inLome lo help fowards the cosl of ll1ng our TPOPS Acadeniy. We liave also been very fortuna to have received some germtss donRtions in th¢ yew. We have been dcliBhted wilh ovr TPOPS Academy now it has bLxlded io at 'gh S¢liooL havillg on]y moved there Inst ycar. Siiproll and enthusidsin from 5tsff at all IL'vels in the scbool has I) exccllcnt and we have a g()()d numbcr of young people leurning the art of playing the theatre orgatL with some already able to mAkc nall ewneo perfonn3nces in concert5. FINANCIAL REVIEW FIDanLiMI p051tlon the year ttie charity pul on 28 ellts (2024 30 events) 8eneraling ticket receipts. of £16207 (2024 £18.426) aad rtteived dunaliotLS of £12,920 (2024 £8,044). ExpenditurL' on Organis printing tickets. poslets and flyers lotalled £13,844 (2024 £17.1164) providin8 a nel sutplus of £2.-363 (2Q24 £562) lo support the costs of ruJ]ning th¢ AcadrY. These amowilcd to £10.519 (2024 £8.142). iDcluding .support cosls. giving o nel SUTplus on unrestri¢led funth for tlie year of£4,764 (2024 net deficit 01£7,678). In addition. d¢preciation of £2.315 (2024 £2.315) has bL'n chHr¥L.d against the endowment fund glving an overall surplus for the year of £1449 (2024 ovctall defjcit of £5.993). Re.$L'rves pvllcy surp18 funds. are hLld ID cash on the l.loyds Bank account and S unrestricted funds available to meet tiiture cosls a¥ they arise. The orga% ate considered lo be endowmenl fimds and held as long lerni ussets of the charity. At the of the year unr&%tricled reserves amounted to £15.141 (2024 £10.377). On thi's basis the trus"lee5 Lonsidcr the level or unre¥trided reserve$ to be re*ttabl¢. Prlnclple rtsky and un¢ertiinti¢s The ptinLiple risks and uncertainties facing the charity are attendanc al the concerts and lea dances alld major works being teqiiired (o thc orgarL8. Th¢ tsmstees miti8ale these risLs thtOU8h c¥¢] manM8¢me#t of advanLc ticket sales, promotions, advcrt15ins and appropriate OT8anisls. Regular mainlenance of the ()r8gn8 gua8 againsl major ouilays on the organs. STRUCTURE, GOTrTRNANCE AND MANAGEMENT Governlng dorumeat The Theatre Pipe Or¥an Preservation Society is constituted &8 a ClTraritable IncoTwrat¢d Org&tiis&tion registered on 28 January 2015. The trustee5 named on patse I have Served from couJmeniemcnL throuoJ the period and SillLe the year end. Appoinlment of trustees is gov¢med by the Coll5tttirtionaI DocuEnent of the Cl1. whereby the existing tnleeS have the power lo appoint fintheF 1n]stees xs require The daj" to day WI of the clwity is carried out by the tnist¢e5, assisted by vohmtary 2th)inistrative alld bookkeeping stsff as
Theatre P" Or an Preserwdtiotl Socie rt of ihL" Trustees for the Year Ended 30 J1¢ 2025 STRUCTURE. COVEILYANCE LND MLNAGLMENr Recruitmellt and appointment of Leiv trustees If any fibe[ trustees were appointe(L they would be iniroduced to their new role aud given copies ofthe Constitulional Docutnent and a guide to the policies and procedures adopted by the cl]aTity. A nutnirr of publicatiOll5 from the Clrity Con]mission would Olso be provided to ¢ll5ure that new trustes would be aware of thc SCO of ihcir responsibilitics under the Chayities Act. Approved by order of the toard of ttustees on 20 Mrs D S Jenkin$- Trustee Page 3
Inde Iknt EKamitEerfs R rt to the TT$ of an PrL¥eTration S()eietv Independent examiner's reportto the trustees of Theatre Pipe Opdan Preservation Societi: I ieport to the cbarity InteeS on my examinats.on of the accounts of Th<Ytre Pipe Organ Preservation Society (die TTUSt) for the year ended 30 June ?0?5. Responslb?lities and basts of report As the cbarity tnistees of the T$t you are trsponsible foi the prep2Nioll of the accounts m accordance with the T¢qUiTen]ents of the Charities Act 2011 ('the ACV). I Teport in respect of my eXamilOn of the TTosVs accowits carried out Section 145 of the Ad and in c8rry2n8 Ollt my cxamination I hove followed all applicable Direclions given by the Charity Commission under Section 14515)(b) of the Act. Independellt examlDer's statement I have complLled my examination. I confirni that no material n)atters h8ve come to my &tteJ)tion in cowiection with the oxamination giving me eause to beli¢ve that ID any material Tespccl.. accouniin¥ reLords were noi kept in respect of the TnLSt os required by Section 130 of the Act. or tbe accoiinls do noi accord with th05c records; or the accounts. do noi comply will) (he ttpplicable Tcquirements conctrning the fcrm and content of ac¢oun18 set out in the Lhanties (Accounts and Reports) Regulalions 2LKJS oiher tban Y rquirement that the &cc()unts gxve a true and fair view wbich is not a matter considered 0$ port of an indepcndent examinatiott. I have no concerns and have come a¢r0&8 no other matlcTS in connectson with the examiD&tion to which attention should bt (Irawn in this report iu ordL'rto enobl¢ ll proFer undmtanding ofthc accounts 10 ir reached. Hilary Julian BA FCA DChA maxim Accoiintan¢y Services Litniled 47 KC51n8t0n Rvad Cliichest Wcsl Sussex P019 7XS %1 l¥lz Page 4
Theatre Pi e Oroan Preservation SocÈe Statement of Financial Activities for the Year Eaded 30 June 2025 2025 Total UDrestYicted Endowqnent Ttstsj Notes INCOME AND ENDOIVMENfs FROM Dollalions aad legaLies 12,920 12.920 8.04 Other trading adivitie 16.207 16.207 L8,426 Totsl 29,127 29.127 26.470 EXPENDtruRE ON Raising fimds 1.1.844 17,864 CharltAblt actiTritles Acad¥my cosii. Otgan presL'rv8tion costs 10,519 10.519 2.315 8,142 6.457 2,315 Totsl 24J63 2..115 26,678 32,463 NET INCOMEI(LYPENDITURE) 4.764 Q,315) 2.449 (S,993) RECONCILIATION OF FUIYDS -roltJl ftu)ds brought forward IOJ77 252,795 263,172 269.165 TOTAL FUNDS CARIUED FORWARD 15,141 250,480 265,621 263,172 ]be notes fotEll part of these financial statements Page 5
Theatre Pi Organ Preservation Socie Balance Sheet 30 JutLe 2025 2025 Total fiu)ds 2024 Total funds UDTe5tticted End0llellt fi]Dd Nolcs FLKED ASSETS Tangible assets 250.480 250,480 252.795 CURREYI T ASSETS Debtors Casly at bonk 4257 19,525 4,257 12,525 2,560 10.402 16.782 16.782 12.962 CREDoRs Amounts falling due withtn one year (1.641) (1,641) (2,585) NET CURREfiT ASSETS 15.141 15,J41 10.377 TOTAL ASSETS LESS CURRENT LIABILITIES 15,141 250,480 265,621 263,172 NET ASSETS 15,141 250,480 265,621 26.1.172 FUNDS Ilnrestricted fidS Endowment fiinds io 15.141 250.480 10.377 252,795 TOTAL FUNDS 265.621 263.172 fipancial statements were Jpproved by the Board of Trusives elld *uilioris¢d for i55UC .. Thl...2<J2G......... and were signcd on its behalf by". D S Jenkins - TNslee notes foTm part of thesc fillanciaj statcments Page 6
Thvatre Pi an PtC5crvatioTr Socic Note5 to the Financial Stateu]ents for the Year Ended 30 June 2025 ACCOUNTING POLICIES B#si5 of preparing the Ilnancial ststements Th¢ finaftcial siatemeuts of the ¢harity. which is a blIC llefit entity FRS 102. Iwe beeu prared in JccordADce Th7ith the Charities SORP (FRS 10?) 'Accounting artd Rqjortins by Cbaritie$". Statement of Recommended Practice applicable to cl]arities prepanng their aUnts in accoidance with Ihc Financidl Reporting Siandard applicable in thL IIK and Republjc of IrelaThl ffRS 102) (effective l January 2019),. FiEumcial R¢porting Standard 10? The Financial Rep(Kting STaDd8rd awlicable in the UK and Republic of Ircland, and the Chatities Act 2011. The fjnancial $ts1ents have been prepad under the historical Cost conventlorn. Income All inLome is recognised ill the Ststemeni of Financial Activities once the ChitY has entiiILment lo Ihe funds, il is probablLa that the income will be received and the amount ¢an be mcasured reliably. Expendlture Liubiliiies are reco}1$ed as expenditure as .8wn 85 there is a legal or conslructive obligatirn) committing thL charity lo that expendiftire. il is probable thai A tTausfer of cconoinic beiiefits will be rLYiuirL'd in 5¢1dcinen£ 4iid the amount of the obligation e&D be me&sured ieliably. EXpendilU ig &ceounied for on an dru8]S busis and hu¥ been clagsitted under headings that uggre8e all LOSI related io the category. Wbere cosLs cannoi bc directly attributed to particular headings they have been allrtaied lo activities on a basis COD8lStenl the use {)' resource$. Tangihle ffted yset$ Tangible fixed assets are ca1¢d at fau value which is the bitsts, ixst estimate of their m4rket value. The canying value will be reviewed on a regular bosis any chan8e¥ will be adjwted Ibrough the Sthiement or Financial Activities. Dcpreciatioi? is providcd to write down ihe c2rying vAlue less Ihe egtiinated residual value of Iho assets ov¢i' their expected lrfe. In cstsmaling the useful life ofihe 8&8Cts the trnSte h&ve had iegard tn Ihe life of the asscL8 to date. #nd considor tIMt the rLmainin8 uscfuj life will bc at least 85 lon8. On this basis Ihe pffiod chosen is 75 years. No depr¢ciAtion wa8 provid¢d dwiDg tli¢ perioib cnded 30 JUD¢ 2017 and 30 June 2016 and this. hus theicfor¢ beell prospectivvly adjusted for. 8iviJ)8 8n ajmual char8e of£2 J15. Tautlon The Ch]ty is exempt from lax on its chlIable aclivities. Fund ac¢ountffin8 u1¢$triCÉed fijnds can be used in accordance with the clwitsble (*>jectiv¢s ai the discretion of the trustees. Re5tncted fiFn(L%' can only be for particular testricted twses within the objects of the chlty. RestrActions arise when 5T)ecified by the donor or when fim&8 ar¢ taised for [rticUlar restricted puTposes. F1her explanation of the n&ture and pury)ose of each frjnd is iucludcd in Ihe llotcs lo the fU)Cial siatemenls. Debton and creditors re¢eiTr'able/pAi4ble witbln Trear Dcbiors and Lreditors with no staled inietest tate 8J)d receivable or paytble wiihin one year are recorded at tran5aition price. Any losses arising from impairnienl are recogDised as expcnditure. Page 7
Theatre Pi Ortall Preservation Soci Notes to the Finallcial Staletncnts- continued for the YearEllded 30 Juue 2025 2025 2024 Event ticket leS 16207 18.426 CHARrrABLE ACTivrriES COSTS Support Costs {see nole 4) Direct Costs Totsls Acaderny costs Organ preseTvation costs 9.969 1315 550 10,519 2.315 l2,?84 550 12,834 Academy Losts relate to the cts of ptovidin8 Nition al the Theatrc Pipe Organ Preservation Society Acadcmy (TPOPS Acad¢my) and include PAyincnts to th¢ lutoi and the cost ofsecond hand electrunic home organs for tlie us¢ of the.4tudents. SUPPORT COSTS Govcrnance Academy costs 550 GovemLince costs. consists. of amounts payablc lo the Indendent &xamin¢r of £250 (2024 £250) for ilie independent ¢Xiimination and £.300 (2024 £3¢X)) for othcr 8cwunlanLy services. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, Temun¢ration or other benefits ror the year endvd 10 June 2025 nor for the year ended 30 June 2024. One of the tru51ees, M J Wooldridg4 reccived paym¢nl f(r servi5 provtded an or8ani51, as disclosed in E2Ote Tru5te¢s' exp¢Dses There were no InLWtees' expen8es Fold the y¢ar ended 30 June 2025 nor for the year ¢d 30 Jvnc 2024. COMPARATTVES FOR TKE STATEME OF FIJYAIYCIAL Acr1viS Unrestricl¢d Endown]cnt fijnd fd Total INCOME AND EIYDOWMENfs FROM Donations and legacies 8.044 Other trading a1VItieS 18,426 18.426 Total 26,470 26,470 EXPENDITURE ON Rdi5ing funds 17.864 17,864 Page 8 conkniucd...
an Preserwdtion Socie otes to the Finallcial Statements- continued for the YearEnded 30 June 2025 COMPARA TIVES FOR THE STATEMEiYf OF FINANCIAL AcfiviTIES- continued Unrestric{ ElldOWnllt fijlld fund Total fimds Cbaritgble activitses Ac2demy cusls Organ preseatiOn costs 3.142 4.142 8.142 6,457 Totsl -10.148 2,315 32.463 14IET INCOMEI(EXPENDITURE) (3,678) (?,315) (5,993) RECONCILIATION OF FUNDS Total funds brougbi forward 14.055 255.110 269.165 TOTAL FUNDS CARRIED FORWARD 10.377 252.7415 26.3,172 TANGtBLE FIXED ASSETS ThealricR] pipe organs COST At l July 2024 and 10 Juoe 202S 269,000 DEPRECIATION Ai l July 2024 Charge tor ye 16.205 2.315 At 30 Jun¢ 2025 18.520 ET BOOK VALUE AI 30 jL¢ 2025 250.480 At 30 June 2024 252,795 "rhe charity owns two theatrical Pl org$ and ODC electronic organ ivliich were donated iu the charity by Mr Milliael Huni by way of 8 decd. The organs were valued by the donor al the dale of the gift bns¢d on h3% knowlcdge of the market. The valuation of the organs M'ill be reviewcd perioth'Lully by the Itusteo4'. Page 9
Theatre P" Oroan PreSVation Soci Notes to the Financial Staien]ents- tODtinued for the Year Ended 30 Junc ?025 DEBTORS: AML OUNTS FALLING DUE wrriIiN ONE YEAR 2025 2024 Trade debtors Other debtors 1.522 2,735 2.204 356 4257 ?.560 CREDITORS.. AMOUNTS FALLD4G DUE WITHIN ONE YEAR 2025 2024 Oth¢r creditors 1,641 2,585 io. MOVELIqENT IN FUM)S N¢t movement in funds Ai 30.6.25 At 1.7.24 Unrestrlcred funds General Liind 10,.177 4.764 15,141 Endowment thnds F.ndowmcnt fidS 252,795 (2,315) 250.480 TOTAL FUNDS 263,172 2,449 265,621 Nel movement sn fiwd8 includcd in the abov¢ aTe as follow5.' 1Cning resources Resourceg cxpended M(IveiiiLlIt in funds UDrestrlcted fund$ Generdl fiwd 29.127 (24,363) 4,764 Elldvwmellt fun(Ls End(iivincnl liJnd5 (2.315) (2J15) TOTAL FUNDS 29.127 (26.678) 2,449 Page 10 ontiuued...
ThralTe P" e Or all Pr&qLYvxtion Socie Notes to the Financial sLe[ents- eoutinued for the Y&]r Ended 30 June ?025 io. M0VEjT IN FtSNDS . continued Comp4fatives for movem¢Mt Nei movement iu funds At 30.6.24 At 1.7.23 Unrestricted General fiu 14.055 (3.678) 10.377 Elldoiwment funds EndTalt fund 255,110 (2,-315) 252.795 TOTAL FUNDS 269,165 (5,993) 263,17? Comparative nel movement in fund% illcknd in the dknve are as follows: Tncomin8 reu[c¢S Resoutccs Lxpended MovLment in ndS Ullre%rrlcted funds General fund 26,470 (10,148) {.3,678) Endowment funds Fffjdownthl fiukds (2,315) (2,.315) TOTAL FUThDS 26.470 (32.46.1) {5,9931 Endowment funds Consi of lh¢ value of the organs srftled to the charity at its inception. TJ)e endowmcnt fund represents those &SX15 which musl k bcld pemi¥llenlty by the charity. IoIne aTisin8 011 the endowment fund ¢an bc used in accordonce Thith thc objectb of the Chilty and 15 included as unresui¢ied income. Any capila] gaits$ or losses arising on the endowment fund investments form part ot tbL. fund. lJiirestricled funds conslst of retained surpluses to dale. Unreslricled funds C7)prise those fimds which the truslecs or¢ free lo use iii uccordauce with the ch8n'table objectives. ii. RELATED PARTY DISCLOSURES M J Woolctridge, a tste< hos becn paid fec5 tolalling £11,145 (2024 £8.340) for Ihe ye2T for his services perfonlling as an organist at evenl& and for providing organ tuition at the TPOPS Academy. The truslccs ¢onsideT that the fees have becn charged at an rn's len8th rnte for the services provided. Thc bAIRnce duc al the year ettd nil (2024 nil). tIng the year the charity received donations from the trIL*es totallin8 £10.(¥)0 (2024 nil). Pasell
Theatre P. Or an Ptcservation Societv Detslled Sktetnellt of Finan¢ial Activities fo e Yw Luded 30 Julle 2025 ?025 2024 Donatlons Ia¢le$ Donations 12,920 Other tradlng HcilvtUe$ Evcnt ticket sal¢s 16,207 18,426 Tothl Incoming resurceS 29,1?7 26,470 EXPENDITURE Ratsing dono&oDS and legacies Organisl5 PRS licence ¢osls Posters. flyers and tickets Adverti¥ll]g Insurance Organ tuning 9,062 375 621 618 470 2.698 10,924 867 904 .1,9S4 1.1,8 17,864 ChArltsble actl%4d¢.% Academy co8ls Organ maintenanc¢ Depreciation of tangible a&sets 9.969 7.59? 4,142 12.284 14.049 Support costs Governanc¢ c05t A¢counlancy Independent examination 300 250 25Q 550 550 Totsl resoUe5 expended 26,678 Net IDcomel{txpendltur¢} 2.449 (5,9().3) This page Lkies not lornipart of statutcry slatemeots Pasc 12