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2025-10-31-accounts

ST. ALBANS MUSICAL MUSEUM SOCIETY ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST OCTOBER 2025

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 2025

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 £840 is to be paid for the Independent Examiner’s report on the accounts.

2024/25 proved to be a year of consolidation for the Organ Theatre. Following the up grade of the Organ Theatre’s display lighting to LED, Keith Pinner, Geoff Powell and Will Betts turned their attention to the internal lighting in the organs themselves and this is now largely complete making a vast improvement on the presentation of the instruments. .The fitting of a complete set of new key contacts to the Rutt console by Andrew Barham has greatly improved the playing of this instrument.

Regular income and expenditure remained remarkably stable during 2024/25 with modest increases in income from group visits, regular donations, Dance Organ Day, Christmas Mechanical and group visits. A downturn in profit from theatre organ concerts was largely wiped out by a further concert support grant from the Theatre Organ Club. The Society was pleased to receive a further bequest which has helped to keep the Society on a stable footing and will allow future projects to proceed. However, regular income still falls short of that needed for day to day running expenses of the Organ Theatre.

The debacle over false readings given by the electricity meter continued through the year and caused an inordinate amount of background work for Ken Slow and Peter Allen. Despite our supplier admitting the problem, they refused to offer adequate compensation and the case was eventually referred to the Ombudsman to resolve. Unfortunately, the law does not allow for backdating of claims beyond six years but the documentation we were able to provide allowed a further three years back to 2018 to be added to the recalculation and an enhanced refund was granted. In addition a favourable new two year contract was negotiated whereby all electricity used will be at a low rate. The upgrade to LED lighting will mean a significant drop in electricity usage so, together with the cheaper tariff, should result in much reduced costs in future.

Unfortunately, due to certain structural problems, the refurbishment of the kitchen and resiting of the Gent’s toilet has not progressed as planned. A surveyor has been engaged to address the problems and it is hoped to move on with the project in the near future. Once this is complete it is also planned to fit a new carpet to the auditorium.

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ST ALBANS MUSICAL MUSEUM SOCIETY ANNUAL REPORT FOR THE YEAR TO 31[st] OCTOBER 2025

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.

……………………………….. Dated 25/03/2026

K P Slow - Chairman

For and on behalf of the Trustees and Management Committee

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ST. ALBANS MUSICAL MUSEUM SOCIETY ACCOUNTANTS’ REPORT FOR THE YEAR TO 31[ST] OCTOBER 2025

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

I report on the accounts for the year ended 31st October 2025 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

Date: ............................................. 25/03/2026

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ST. ALBANS MUSICAL MUSEUM SOCIETY RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31ST OCTOBER 2025

RECEIPTS
Donations
Sunday
Party
Mortier restoration fund
Bequests & other :
from estate of Peter Held
from estate of Samuel Gibbard
Gift Aid
Building fund
Trading Activities
Sunday
Party
Raffles
Other
Subscriptions/membership
Theatre organ concerts
Vintage teas/craft fairs/dance organ day
and Christmas mechanical
Investment Income
Bank interest
Other Income
Grant from Theatre Organ Club
SUB TOTAL
Asset and investment sales, etc.
TOTAL RECEIPTS		 General
Unrestricted
Funds
£
1,260
2,357
-
-
34,124
-
-
37,741
418
84
729
1,095
1,300
6,405
11,291
1,272
1,272
500

500

50,804
-
50,804
1,260		 Other
Unrestricted
Funds
£
-
-
3,483
-
-
-
1,657
5,140
-
-
-
-
-
-
-
-
-
-
-
5,140
-
5,140
-		 2025
Total
Funds
£
1,260
2,357
3,483
-
34,124
-
1,657
42,881
418
84
729
1,095
1,300
6,405
11,291
1,272
1,272
500
500
55,944
-
55,944
1,260		 2024
Total
Funds
£
1,332
2,100
7,561
6,641
144,701
1,103
-
163,438
569
202
651
1,107
1,520
6,891
836
11,776
491
491
500
500
176,205
-
176,205

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ST. ALBANS MUSICAL MUSEUM SOCIETY RECEIPTS AND PAYMENTS ACCOUNT (CONTINUED) FOR THE YEAR ENDED 31ST OCTOBER 2025

BROUGHT FORWARD
PAYMENTS
Direct Charitable Expenditure
Subscriptions/membership
Purchases of stock
Theatre organ concert costs
Restoration of Thearte organ
Restoration of Mortier organ
Publicity
Accountancy
Raffles
Sundry & other events cost
Other Expenditure
Electricity
Heating
Insurance
Water
Telephone
Building maintenance
Security & fire protection
SUB TOTAL
Asset and investments purchases, etc.
LED lighting upgrade
TOTAL PAYMENTS
NET RECEIPTS/(PAYMENTS)
Bank Balances at 1st November 2024
Transfers between funds
Bank Balances at 31st October 2025		 General
Unrestricted
Funds
£
50,804
257
406
3,820
669
-
2,673
840
87
387
9,139
5,854
929
5,848
564
347
870
2,604
17,016
26,155
1,477
1,477
27,632
23,172
115,178
-
138,350		 Other
Unrestricted
Funds
£
5,140
-
-
-
-
796
-
-
-
-
796
-
-
-
-
-
-
-
-
796
-

-

796

4,344
91,830
-
96,174		 2025
Total
Funds
£
55,944
257
406

3,820

669

796

2,673

840

87

387

9,935

5,854

929

5,848

564

347

870

2,604

17,016
26,951
1,477
1,477
28,428
27,516
207,008
-
234,524		 2024
Total
Funds
£
176,205
499
579
3,695
2,439
18,485
2,408
810
59
229
29,203
5,251
1,014
5,330
508
348
2,494
2,299
17,244
46,447
4,919
4,919
51,366
124,839
82,169
-
207,008

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ST. ALBANS MUSICAL MUSEUM SOCIETY RECEIPTS AND PAYMENTS ACCOUNT (CONTINUED) FOR THE YEAR ENDED 31ST OCTOBER 2025

OTHER UNRESTRICED FUNDS
Exhibit Maintenance Fund
Balances at 1st November 2024
Bank Balances at 31st October 2025
Wurlitzer Restoration Fund
Balances at 1st November 2024
Bank balances at 31st October 2025
Unika Restoration Fund
Balances at 1st November 2024
Bank balances at 31st October 2025
Building Fund
Balances at 1st November 2024
Transfers from general fund
Bank balances at 31st October 2025
Mortier Restoration Fund
Balances at 1st November 2024
Receipts : Donations received
work related to the 97 key Mortier
Bank balances at 31st October 2025
Rutt Savings Fund
Balances at 1st November 2024
Bank balances at 31st October 2025
TOTAL OTHER UNRESTRICTED FUNDS		 2025
2024
£
£
10,000
10,000
10,000
10,000
1,670
1,670
1,670
1,670
8,050
8,050
8,050
8,050
54,270
54,270
1,657
55,927
54,270
17,881
28,805
3,483
7,561
(796)
(18,485)
20,568
17,881
(41)
(41)
(41)
(41)
96,174
91,830

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ST. ALBANS MUSICAL MUSEUM SOCIETY STATEMENT OF ASSETS & LIABILITIES AT 31ST OCTOBER 2025

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
Rutt Savings fund		 2025
2024
Total
Total
Funds
Funds
£
£
10,046
3,837
58,805
38,770
165,289
164,017
384
384
234,524
207,008
-
-
234,524
207,008
138,350
115,178
10,000

10,000
1,670
1,670
8,050
8,050
55,927
54,270

20,568
17,881
(41)
(41)
234,524
207,008

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 £10,252.

K P Slow - Chairman

Approved by the Trustees and Management Committee on 25/03/2026

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ST. ALBANS MUSICAL MUSEUM SOCIETY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST OCTOBER 2025

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

Other than the transfer from the General Fund, this fund has no movements in the year under review.

Exhibits Maintenance Fund

The fund has no movements in the year under review.

Wurlitzer Restoration Fund

The fund has no movements in the year under review.

Unika Restoration Fund

The fund has no movements in the year under review.

Mortier Restoration Fund

A sum of £3,483 was donated and restoration work of £796 was utilised in this fund in the year under review.

Rutt Savings Fund

The fund has no movements in the year under review.

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 2025 nor for the year ended 31st October 2024.

There were no Trustees’ expenses paid for the year ended 31[st] October 2025 nor for the year ended 31[st] October 2024.

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