OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-10-31-accounts

ST. ALBANS MUSICAL MUSEUM SOCIETY

ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST OCTOBER 2021

ST. ALBANS MUSICAL MUSEUM SOCIETY

Bankers Lloyds Bank Plc. 67 High Street Watford Hertfordshire WD1 2DU

National Westminster Bank Plc. P.O. Box 804 9 Bank Court Hemel Hempstead Hertfordshire HP1 1BT National Savings Bank Glasgow G58 1SB Solicitors Debenhams Ottaway 107 St. Peters Street St. Albans Hertfordshire AL1 3EW Independent Examiner P. Simmons F.C.A. Nagler Simmons Chartered Accountants 5 Beaumont Gate, Shenley Hill Radlett, Herts WD7 7AR

ST. ALBANS MUSICAL MUSEUM SOCIETY

Page
Annual Report 1 - 2
Independent Examiner’s Report 3
Receipts and Payments Account 4 - 6
Statement of Assets & Liabilities 7
Notes to the Accounts 8

ST ALBANS MUSICAL MUSEUM SOCIETY ANNUAL REPORT FOR THE YEAR TO 31[st] OCTOBER 2021

St Albans Musical Museum Society, 320 Camp Road, St Albans, is registered with the Charity Commissioners (No. 276072) and constituted by a Declaration of Trust, dated 15[th] June 1978.

Holding Trustees : Mr K C Pinner Mr K P Slow Mr P J Allen

The Charity is administered by a management committee comprising:

Chairman Mr K P Slow Other members: Mrs R M Allen Secretary Mr E A Peachey Mr A P Barham Mr P J Craig Treasurer Mr P J Allen Mr B J Earl Mrs M D Peachey

One of the aims of the Society is to advance the general public’s appreciation and knowledge of the art, science and technology relating to the manufacture, operation and performance of mechanical musical instruments, theatre organs and similar instruments. The Management Committee aims to provide facilities where these objectives can be furthered. The Society depends solely upon the continuing help of volunteers. No payments were made to volunteers for their assistance, other than reimbursement of essential expenses, and a fee of £756 is to be paid for the Independent Examiner’s report on the accounts.

In common with all other entertainment venues, the Organ Theatre remained closed for the entire year under review resulting in an almost total loss of income for the Society. However, normal running costs of over £12,000 still had to be met so the Society was pleased to receive a Restart Grant from Central Government and an Additional Restrictions Grant from St Albans City & District Council which enabled the Society to remain financially viable. Significant donations were also received from Members and others who wished to help the Society during the pandemic. News Sheets were produced during the year and sent to Members to keep them informed.

To ensure the Organ Theatre is as Covid safe as possible, improvements were made to the ventilation system and all rows of linked seating replaced by new chairs and circular tables. Automatic sanitiser dispensers were purchased and located at strategic places throughout the Organ Theatre. It is also planned to revamp the kitchen and toilets in 2022.

During lockdown the opportunity was taken and progress made on working towards Museum Accreditation with the Arts Council which may provide the Society with further sources of funding.

Concerts were restarted in November with the new but reduced seating capacity and although audience numbers were low it is hoped that, with the lifting of restrictions, improved audience numbers will result when the Organ Theatre opens in March after the normal winter break.

The 97 key Mortier organ will be 100 years old in 2023 and has not received any major attention since 1970. It now does not play at all well and is in need of significant remedial work. The impetus of this notable date is therefore being taken to have it fully restored and bring it back to its proper playing condition for its Centenary. The work will be carried out by Mortier specialists in the Netherlands and grant funding is being sort from the Arts Council as well as fund raising at the Organ Theatre and via the Society’s website.

1

ST ALBANS MUSICAL MUSEUM SOCIETY ANNUAL REPORT FOR THE YEAR TO 31[st] OCTOBER 2021

Reserves Policy

It is the policy of the Society to maintain unrestricted funds at a level which equates to approximately twelve months unrestricted expenditure. This provides sufficient funds to cover management, administration and associated costs. Unrestricted funds are maintained at this level throughout the year.

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed requires the Trustees 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 those financial statements, the Trustees are required to

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 that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. 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.

……………………………………. K P Slow - Chairman For and on behalf of the Trustees and Management Committee

15/03/2022

Dated ……………………….……

2

ST. ALBANS MUSICAL MUSEUM SOCIETY ACCOUNTANTS’ REPORT

ST. ALBANS MUSICAL MUSEUM SOCIETY

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF ST. ALBANS MUSICAL MUSEUM SOCIETY

I report on the accounts for the year ended 31st October 2021 set out on pages four to eight.

Respective responsibilities of trustees and examiner

The Charity's Trustees are responsible for the preparation of the accounts. The Charity's Trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.

It is my responsibility to:

Basis of the independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

have not been met; or

P. Simmons F.C.A Nagler Simmons Chartered Accountants 5 Beaumont Gate Shenley Hill Radlett Herts WD7 7AR

15 March 2022 Date: .............................................

3

ST. ALBANS MUSICAL MUSEUM SOCIETY RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31ST OCTOBER 2021

RECEIPTS
Donations
Sunday
Party
Raffles
Bequests & other
Gift Aid
Trading Activities
Sunday
Party
Other
Subscriptions/membership
Theatre organ concerts
Vintage teas/craft fairs/dance organ day
and Christmas mechanical
Investment Income
Bank interest
Other Income
Coronavirus grant
Restart grant from Central Government
Additional restrictions grant from
St Albans City & District Council
SUB TOTAL
Asset and investment sales, etc.
TOTAL RECEIPTS		 General
Unrestricted
Funds
£
-
-
-
520
511
1,031
-
-
183
1,070
63
1,331
486
486
-
12,000
22,571
25,419
-
25,419
15
10,571		 Other
Unrestricted
Funds
£
-
-
-
5,441
-
5,441
-
-
-
-
-
-
-
-
-
-
-
5,441
-
5,441
-
-		 2021
2020
Total
Total
Funds
Funds
£
£
-
570
-
1,000
-
342
5,961
3,031
511
-
6,472
4,943
-
144
-
27
183
373
1,070
850
63
2,168
1,331
5,313
486
645
486
645
-
25,000
12,000
-
22,571
25,000
30,860
35,901
-
-
30,860
35,901
15
1,751
10,571
-

4

ST. ALBANS MUSICAL MUSEUM SOCIETY RECEIPTS AND PAYMENTS ACCOUNT (CONTINUED) FOR THE YEAR ENDED 31ST OCTOBER 2021

General
Unrestricted
Funds
£
BROUGHT FORWARD
25,419
PAYMENTS
Direct Charitable Expenditure
Subscriptions/membership
478
Purchases of stock
229
Theatre organ concert costs
71
Restoration of mechanical exhibits
437
Major work on the console of the
Wurlitzer theatre organ
Publicity
313
Accountancy
756
Raffles
-
Special events
818
3,102
Other Expenditure
Electricity
1,804
Heating
992
Insurance
5,614
Water
118
Telephone
348
Building maintenance
2,359
Security & fire protection
2,543
Sundries
32
13,811
SUB TOTAL
16,913
Asset and investments purchases, etc.
New tables for auditorium
2,646
2,646
TOTAL PAYMENTS
19,559
NET (PAYMENTS)/RECEIPTS
5,860
Bank Balances at 1st November 2020
43,147
Transfers between funds
(30,000)
Bank Balances at 31st October 2021
19,007
-		 Other
Unrestricted
Funds
£
5,441
-
-
-
-
-
-
-
-
106
-
-
-
-
-
-
-
-
-
106
-
-
106
5,335
51,126
30,000
86,461
106		 2021
2020
Total
Total
Funds
Funds
£
£
30,860
35,901
478
198
229
50
71
2,014
437
195
313
1,463
756
756
-
32
818
367
3,208
8,075
1,804
1,384
992
2,011
5,614
5,226
118
146
348
316
2,359
2,815
2,543
-
32
-
13,811
11,898
17,019
19,973
2,646
-
2,646
-
19,665
19,973
11,195
15,928
94,273
78,345
-
-
105,468
94,273
106
3,000

New tables for auditorium
TOTAL PAYMENTS
NET (PAYMENTS)/RECEIPTS
Bank Balances at 1st November 2020
Transfers between funds
Bank Balances at 31st October 2021

5 ST. ALBANS MUSICAL MUSEUM SOCIETY

RECEIPTS AND PAYMENTS ACCOUNT (CONTINUED) FOR THE YEAR ENDED 31ST OCTOBER 2021

OTHER UNRESTRICED FUNDS
Exhibit maintenance fund
Balances at 1st November 2020
Bank Balances at 31st October 2021
Wurlitzer restoration fund
Receipts : Donations received
Major work on the console of the Wurlitzer theatre organ
Balances at 1st November 2020
Bank balances at 31st October 2021
Unika restoration fund
Balances at 1st November 2020
Bank balances at 31st October 2021
Building fund
Receipts : Donations received
Transfers from general fund
Balances at 1st November 2020
Bank balances at 31st October 2021
Mortier restoration fund
Receipts : Donations received
Transfers from general fund
Bank balances at 31st October 2021
TOTAL OTHER UNRESTRICTED FUNDS		 2021
2020
£
£
10,000
10,000
10,000
10,000
-
776
(106)
(3,000)
1,776
4,000
1,670
1,776
8,050
8,050
8,050
8,050
2,970
1,300
-
30,000
31,300
-
34,270
31,300
2,471
-
30,000
-
32,471
-
86,461
51,126

6

ST. ALBANS MUSICAL MUSEUM SOCIETY STATEMENT OF ASSETS & LIABILITIES AT 31ST OCTOBER 2021

CASH FUNDS
Nat West Current Account
Lloyds TSB Treasurer Account
National Savings Bank Account
Cash float
MONETARY LIABILITIES
Creditors
REPRESENTS BY : FUNDS
Unrestricted general funds
Other unrestricted funds:
Exhibits Maintenance Fund
Wurlitzer Restoration Fund
Unika Restoration Fund
Building Fund
Mortier Restoration Fund		 2021
Total
Funds
£
1,118
40,526
63,459
365
105,468
-
105,468
19,007
10,000
1,670
8,050
34,270
32,471
105,468		 2020
Total
Funds
£
30
30,905
62,973
365
94,273
-
94,273
43,147
10,000
1,776
8,050
31,300
-
94,273

Monetary assets:

For use by the Charity and belonging to the general purposes fund:

Freehold land and buildings - 320 Camp Road, St. Albans, Herts.

Land and building, housing the theatre - donation from Mr. C. Hart. Part was built in 1934, and the main building was constructed in 1978, further extended 2000.

Stock amounting to £13,745.

K P Slow - Chairman

Approved by the Trustees and Management Committee on

7

ST. ALBANS MUSICAL MUSEUM SOCIETY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST OCTOBER 2021

1. Designated and restricted funds

The Exhibits Maintenance Fund, Wurlitzer Restoration Funds, Unika Restoration Funds and Mortier Restoration Funds are all designated funds but not restricted funds.

The Building Improvement Fund

A sum of £2,970 was donated to this fund in the year under review.

Exhibits Maintenance Fund

The fund has no movements in the year under review.

Wurlitzer Restoration Fund

This fund was set up to fund the much needed work on the Wurlitzer theatre organ.

Unika Restoration Fund

This fund was set up to fund the restoration of the Unika self playing organ.

Mortier Restoration Fund

A sum of £30,000 was transferred from the general fund to cover the expected cost of restoring the Mortier organ.

2. Accounting convention

The financial statements have been prepared under the historical cost convention, and in accordance with Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

3. Taxation

The Charity is exempt from tax on its charitable activities.

4. Trustees’ remuneration and benefits

There were no Trustees’ remuneration or other benefits for the year ended 31st October 2021 nor for the year ended 31st October 2020.

There were no Trustees’ expenses paid for the year ended 31[st] October 2021 nor for the year ended 31[st] October 2020.

5. Stock

Stock amounting to £13,745.

8