**REGISTERED COMPANY NUMBER: CE012888 (England and Wales) REGISTERED CHARITY NUMBER: 1176604** ## **REPORT OF THE TRUSTEES AND** ## **UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 4 APRIL 2024** ## **FOR** ## **PAUL KIRNER'S THEATRE ORGAN COLLECTION** KATHRYN GIGG Chartered Accountants, Business Advisers & Tax Consultants 20 Kings Lynn Road Hunstanton Norfolk PE36 5HP **PAUL KIRNER'S THEATRE ORGAN COLLECTION** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 4 APRIL 2024** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|2| |**Independent Examiner's Report**||3|| |**Statement of Financial Activities**||4|| |**Balance Sheet**||5|| |**Notes to the Financial Statements**|6|to|9| |**Detailed Statement of Financial Activities**||10|| **PAUL KIRNER'S THEATRE ORGAN COLLECTION** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 4 APRIL 2024** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 4 April 2024. The trustees have adopted the provisions of 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) (effective 1 January 2019). ## **ACHIEVEMENT AND PERFORMANCE** Our fifth year of operation has seen our activities returning more closely to those we experienced pre-Covid. We are still mourning the loss of our founder Paul Kirner but are eternally grateful for his foresight and generosity establishing our charity and leaving the majority of his estate to us to ensure, with careful management and investment, its future for many years to come. The charity arranged and hosted five public concerts plus further group visits. We introduced afternoon tea events as part of our group visit offering and they have been very well received and there are already many rebooked for next year plus more organisations getting in touch to bring further groups to us. We have had quite a number of supportive letters following these visits saying how much they had learned from enjoyed these enjoyable experiences. We are especially pleased with these events as they expose the collection to a wider, more diverse and often local audience. We have also introduced curator's tours allowing small groups to have a personal viewing and demonstration of the collection and to ask more in depth questions than would be covered in a normal group visit. There were also several private practice sessions throughout the year allowing local organists the opportunity to practice which is essential to keep a supply of organists for the future. Audience numbers are improving in general as time passes, hopefully indicating that people are feeling happier to attend public events again post pandemic plus showing that people are enjoying our offering and coming back. What is pleasing is that our visitors include a notable number of new faces including those from the immediate locality, enabling the charity to achieve its objectives of promoting and conserving Theatre Organs whilst serving the community in which the collection is housed. We have also received a number of donations throughout the year. Some are from like minded enthusiasts but we have had several from visitors that have been so impressed with our collection, that they have wanted to help with our running costs. General maintenance of our instruments was as ever on going and the Trustees are ever mindful of the need to review the balance and quality of the exhibits in the collection to ensure we remain a beacon in the preservation and promotion of these fine instruments. A huge number of man hours are needed to keep these ageing and complicated machines in tip top condition and our dedicated team of volunteers work tirelessly to do just that. We continue to maintain good local relationships, in particular with the local art gallery which is a community hub and we share patrons between both our venues. In September 2023 we hosted an event for them where the famous actor Michael Sheen interviewed Magnum photographer David Hurn. It was a capacity event and patrons were given a brief demonstration of two of our instruments as part of their visit: many of them had never heard a theatre organ before and were amazed at their versatility. The trustees, having reviewed their properties decided to sell Compton Lodge and the second chapel in Ynyshir due to the significant ongoing repair and maintenance costs that both properties attracted and as neither property suit the current aims of the charity. One sale was completed this financial year, the other sold in the following year. We hope to use the funds from their sale to fund the purchase of a more suitable second building in due course. The Trustees meet regularly and are actively engaged in the plans for 2025 and thereafter to ensure the Charity remains active and relevant and true to its founding principles and to ensure the achievement of public benefit from our activities. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Page 1 **PAUL KIRNER'S THEATRE ORGAN COLLECTION** ## **REPORT OF THE TRUSTEES** ## **FOR THE YEAR ENDED 4 APRIL 2024** ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** CE012888 (England and Wales) ## **Registered Charity number** 1176604 ## **Registered office** 37 Windsor Clive Drive St Fagan Cardiff CF5 6HQ ## **Trustees** G S Pilcher F B Snowdon A J S Meads ## **Independent Examiner** Mrs K H Gigg FCA KATHRYN GIGG Chartered Accountants, Business Advisers & Tax Consultants 20 Kings Lynn Road Hunstanton Norfolk PE36 5HP Approved by order of the board of trustees on ............................................. and signed on its behalf by: ........................................................................ G S Pilcher - Trustee Page 2 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PAUL KIRNER'S THEATRE ORGAN COLLECTION** ## **Independent examiner's report to the trustees of Paul Kirner's Theatre Organ Collection ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 4 April 2024. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors 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 Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (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. Mrs K H Gigg FCA KATHRYN GIGG Chartered Accountants, Business Advisers & Tax Consultants 20 Kings Lynn Road Hunstanton Norfolk PE36 5HP Date: ............................................. Page 3 **PAUL KIRNER'S THEATRE ORGAN COLLECTION** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 4 APRIL 2024** |2024
Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
8,976
Other trading activities
2
6,611
Other income
25,930
**Total**
41,517
**EXPENDITURE ON**
Raising funds
5,186
**Charitable activities**
General
8,346
**Total**
13,532
**NET INCOME/(EXPENDITURE)**
27,985
**RECONCILIATION OF FUNDS**
Total funds brought forward
459,621
**TOTAL FUNDS CARRIED FORWARD**
487,606|2023
Total
funds
£
14,594
4,739
-
19,333
2,241
24,173
26,414
(7,081)
466,702
459,621| |---|---| The notes form part of these financial statements Page 4 **PAUL KIRNER'S THEATRE ORGAN COLLECTION** ## **BALANCE SHEET** ## **4 APRIL 2024** |2024
Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
6
233,086
**CURRENT ASSETS**
Cash at bank and in hand
255,721
**CREDITORS**
Amounts falling due within one year
7
(1,201)
**NET CURRENT ASSETS**
254,520
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
487,606
**NET ASSETS**
487,606
**FUNDS**
8
Unrestricted funds
487,606
**TOTAL FUNDS**
487,606|2023
Total
funds
£
461,021
13,157
(14,557)
(1,400)
459,621
459,621
459,621
459,621| |---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 4 April 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 4 April 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. G S Pilcher - Trustee The notes form part of these financial statements Page 5 **PAUL KIRNER'S THEATRE ORGAN COLLECTION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 4 APRIL 2024** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. OTHER TRADING ACTIVITIES** |**OTHER TRADING ACTIVITIES**||| |---|---|---| ||2024|2023| ||£|£| |Fundraising events|6,611|4,739| |**NET INCOME/(EXPENDITURE)**||| |Net income/(expenditure) is stated after charging/(crediting):||| ||2024|2023| ||£|£| |Auditors' remuneration for non audit work|1,200|3,600| |Surplus on disposal of fixed assets|(25,930)|-| ## **3. NET INCOME/(EXPENDITURE)** Page 6 continued... **PAUL KIRNER'S THEATRE ORGAN COLLECTION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 4 APRIL 2024** ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 4 April 2024 nor for the year ended 4 April 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 4 April 2024 nor for the year ended 4 April 2023. ## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Other trading activities
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
General
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**TANGIBLE FIXED ASSETS**
**COST**
At 5 April 2023
Disposals
At 4 April 2024
**NET BOOK VALUE**
At 4 April 2024
At 4 April 2023|Freehold
property
£
367,305
(227,935)
139,370
139,370
367,305|Unrestricted
funds
£
14,594
4,739
19,333
2,241
24,173
26,414
(7,081)
466,702
459,621
Organ &
associated
assets
Totals
£
£
93,716
461,021
-
(227,935)
93,716
233,086
93,716
233,086
93,716
461,021| |---|---|---| ## **6. TANGIBLE FIXED ASSETS** continued... Page 7 **PAUL KIRNER'S THEATRE ORGAN COLLECTION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 4 APRIL 2024** ## **7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Accruals and deferred income
**8.**
**MOVEMENT IN FUNDS**
At 5.4.23
£
**Unrestricted funds**
General fund
459,621
**TOTAL FUNDS**
459,621
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
41,517
**TOTAL FUNDS**
41,517
**Comparatives for movement in funds**
At 5.4.22
£
**Unrestricted funds**
General fund
466,702
**TOTAL FUNDS**
466,702
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
19,333
**TOTAL FUNDS**
19,333|2024
2023
£
£
1,201
14,557
Net
movement
At
in funds
4.4.24
£
£
27,985
487,606
27,985
487,606
Resources
Movement
expended
in funds
£
£
(13,532)
27,985
(13,532)
27,985
Net
movement
At
in funds
4.4.23
£
£
(7,081)
459,621
(7,081)
459,621
Resources
Movement
expended
in funds
£
£
(26,414)
(7,081)
(26,414)
(7,081)| |---|---| continued... Page 8 **PAUL KIRNER'S THEATRE ORGAN COLLECTION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 4 APRIL 2024** ## **8. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 5.4.22
£
466,702
466,702|Net
movement
in funds
£
20,904
20,904|At
4.4.24
£
487,606| |---|---|---|---| ||||487,606| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|60,850|(39,946)|20,904| |**TOTAL FUNDS**|60,850|(39,946)|20,904| ## **9. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 4 April 2024. Page 9 **PAUL KIRNER'S THEATRE ORGAN COLLECTION** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 4 APRIL 2024** ||2024|2023| |---|---|---| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations|8,976|7,994| |Gift aid|-|6,600| ||8,976|14,594| |**Other trading activities**||| |Fundraising events|6,611|4,739| |**Other income**||| |Gain on sale of tangible fixed assets|25,930|-| |**Total incoming resources**|41,517|19,333| |**EXPENDITURE**||| |**Raising donations and legacies**||| |Sundries|2,839|2,241| |Organist fees|2,347|-| ||5,186|2,241| |**Support costs**||| |**Management**||| |Postage and stationery|175|218| |Inspection fees/licences|660|-| |Sundries|95|-| |Building/exhibit maintenance|2,930|13,842| ||3,860|14,060| |**Finance**||| |Insurance|2,150|1,530| |Bank charges|65|-| |Discounts|31|-| ||2,246|1,530| |**Other**||| |Rates and water|384|350| |Light and heat|656|4,633| ||1,040|4,983| |**Governance costs**||| |Auditors' remuneration for non audit work|1,200|3,600| |Total resources expended|13,532|26,414| |**Net income/(expenditure)**|27,985|(7,081)| This page does not form part of the statutory financial statements Page 10