## 

## 

## 

## 

## 

## 



## 

## 

|S Barrett-White|Appointed 11/01/2020|
|---|---|
|M F T Harborne|Appointed 16/09/2017|
|M J Wood|Appointed 21/05/2016|
|CPowell|Appointed 31/01/2022|
|JE Powell|Appointed 31/01/2022|
|A Church|Appointed 09/11/2022|
|J Tang|Appointed 09/11/2022|
|A M Rahme|Appointed 09/11/2022|



|The trustees whoserved as a trustee in the reporting period wereas shown above,|The trustees whoserved as a trustee in the reporting period wereas shown above,|and there wereno|
|---|---|---|
|changesduringtheyear, or in the period between the year end and the approval||of the accounts.|
|S. Barrett-White|Appointed 11/01/2020||
|M Blackwell|Resigned 18/03/2022||
|M FT Harborne|Appointed 16/09/2017||
|M J Wood|Appointed 21/05/2016||
|C Barber|Resigned 30/04/2021||
|S T Hill|Resigned 30/11/2021||
|C ELenton Snith|Resigned 30/11/2021||





## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

|more fully detailed in the accounts,|can be summar|ised as follows:-||
|---|---|---|---|
|||2022|2021|
|Net income||(142,313)|(56,545)|
|Unrestricted Revenue Funds available|for the|||
|general purposes ofthe charity||||
|Designated Revenue Funds||120,000|120,000|
|Total Unrestricted Funds||219,211|324,903|
|Restricted Revenue Funds||10,050|10,050|
|Restricted Fixed Asset Funds|||1,245,130|
|Total Restricted Funds||1,218,559||
|Total Funds|||1,580,083|



## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 



## 

## 

## 



## 

## 

## 



## 

## 





||SORP|Current year|Current year|Current year|Prior Year|
|---|---|---|---|---|---|
||Ref|Unrestricted|Restricted|Total Funds|TotalFunds|
|||Funds|Funds|||
|||2022|2022|2022|2021|
|Income& Endowments from:||||||
|Donations & Legacies||43, 790||43,790|258,961|
|Charitable activities|A2|11,080||11 ,080|1 ,923|
|Investments||4,379||4,379|4,795|
|Other||3,011||3,011|2,500|
|Totalincome||62,260||62,260|268,179|
|Expenditure on:||||||
|Charitable activities|82|172,909|36,621|209,530|345,472|
|Totalexpenditure|B|172,909|36,621|209,530|345,472|
|Net gains on investments|B4|4,957||4,957|20,748|
|Net incomefortheyear||(105,692)|(36,621)|(142,313)|(56,545)|
|Net income aftertransfers|A-B-C|(105,692)|(36,621)|(142,313)|(56,545)|
|Netmovement in funds||(105,692)|(36,621)|(142,313)|(56,545)|
|Reconciliation of funds:-||||||
|Totalfunds brought forward||324,903|1,255,180|1,580,083|1,636,628|
|Totalfunds carried forward||219,211|1,218,559|||





## 

|An<br>The Musical Museum<br>-<br>the SORP|alysis|of prior yeart|otal funds, as req|uired by paragr|
|---|---|---|---|---|
|||Prior Year|Prior year|Prior Year|
||SORP<br>Ref|Unrestricted|Restricted|Total Funds|
|||Funds|Funds||
|||2021|2021|2021|
|Income& Endowments from:|||||
|Donations & Legacies||258,961||258,961|
|Charitable activities||1,923||1 ,923|
|Investments||4,795||4,795|
|Other|A5|2,500||2,500|
|Totalincome||268,179||268,179|
|Expenditure on:|||||
|Charitable activities|B2|312,116|33,356|345,472|
|Totalexpenditure|B|312,116|33,356|345,472|
|Net gains on investments||20, 748||20,748|
|Netincomefor theyear||(23,189)|(33,356)|(56,545)|
|Transfers between funds|c||||
|Netincome aftertransfers||(23,189)|(33,356)|(56,545)|
|Netmovement in funds||(23,189)|(33,356)|(56,545)|
|Reconciliation of funds:-|||||
|Totalfunds broughtforward||348,092|||
|Totalfunds carried forward||324,903|1,255,180|1,580,083|





## 

||2022|2021|
|---|---|---|
|Surplus for theyear :-|||
|Netexcess of incomeover expenditure from operations before tax|(147,270)|(77,293)|
|Realised gains ondisposalsof social investments which are programme related|||
|Incomefromoperations before tax in the Statement of FinancialActivites|(147,270)|(77,293)|
|Add/(deduct)non incomeandexpenditure items:-|||
|Unrealised gains on investments|4,957|20,748|
|Net Movement infunds before taxation|(142,313)|(56,545)|
|Funds generated in theyear as shown on Statement of FinancialActivities|(142,313)|(56,545)|



|Resourcesapplied to fund charitable activities|||
|---|---|---|
||2022|2021|
|Funds generated in the year as detailed in the SOFA|(142,313)|(56,545)|
|Net resources available to fund charitable activities|(142,313)|(56,545)|





## 

|||Unrestricted|Restricted|Total|Lastyear|
|---|---|---|---|---|---|
|||Funds|Funds|Funds|Total Funds|
|||2022|2022|2022|2021|
|Accumulated funds brought forward||324,903|10,050|334,953|358,142|
|Recognisedgains and losses before||(105,692)|(36,621)|(142,313)|(56,545)|
|ans<br>rs||219,211|(26,571)|192,640|301 ,597|
||unrestricted revenue funds||36,621|36,621|33,356|
|Closing|revenue funds|219,211|10,050|229,261|334,953|



|De|signated revenue funds included within t|he unrestricted funds above||
|---|---|---|---|
|||Total|Lastyear|
|||Funds|Total Funds|
|||2022|2021|
|At|1 April|120,000|120,000|
|At|31 March|120,000|120,000|



|Fixed asset funds|Designated|Restricted|Total|Lastyear|
|---|---|---|---|---|
||Funds|Funds|Funds|Total Funds|
||2022|2022|2022|2021|
|At 1 April||1 ,245, 130|1,245,130||
|Transfer (to)/from revenue funds||(36,621)|(36,621)|(33,356)|
|At 31 March|||1,208,509|1,245,130|



|Summary of funds|Unrestricted|Restricted|Total|LastYear|
|---|---|---|---|---|
||and|Funds|Funds|Total Funds|
||Designated funds||||
||2022|2022|2022|2021|
|Revenue accumulated funds|99,211|10,050|109,261|214,953|
|Revenue designated funds|120,000||120,000|120,000|
|Fixedassetfunds||1,208,509|||
|Totalfunds|219,211|1,218,559|||





## 

## 

|Income and Expenditure Account for the year ended 31 March 2022<br>Companies Act2006|as required by|the|
|---|---|---|
||2022|2021|
|Income|||
|Incomefrom operations|54,870|260,884|
|Investment income|||
|Interestreceivable|4,379|4,795|
|Other operating income|3,011|2,500|
|Grossincome in theyearbefore exceptional items|62,260|268,179|
|Grossincome in theyear including exceptional items|62,260|268,179|
|Expenditure|||
|Charitable expenditure, excluding depreciation and amortisation|171,159|310,366|
|Depreciation and amortisation|36,621|33,356|
|Governance costs|1,750|1,750|
|Realised losses on disposals of social investments which are programme related|||
|Total expenditure in the year|209,530|345,472|
|Netincome beforetax in the financial year|(147,270)|(77,293)|
|Tax on surplus on ordinary activities|||
|Netincome aftertax in the financial year|(147,270)|(77,293)|
|Retained surplus for the financial year|(147,270)|(77,293)|
|All activities derive from continuingoperations|||





## 

|||SORP||||
|---|---|---|---|---|---|
||Note|Ref||2022|2021|
|Fixed assets||||||
|Tangible assets|10|A2||1 ,208,509|1,245,130|
|Investments held as fixed assets||||141,193|161,236|
|Total fixed assets|||||1,406,366|
|Current assets||||||
|Debtors|12|82|81 ,620|56,861||
|Cash at bank and in hand|||6,448|116,856||
|Total current assets|||88,068|173,717||
|Net current assets||||88,068|173,717|
|The total netassets of the charity||||1,437,770|1,580,083|
|The total netassets of the charityare funded||by the|funds of the charity, as follows:-|||
|Restricted funds||||||
|Restricted Revenue Funds|16|D2|10,050|10,050||
|Restricted Fixed Asset Funds|16|D2|1,208,509|1,245,130||
|||||1,218,559||
|Unrestricted Funds||||||
|Unrestricted Revenue Funds|16|D3|99,211|204,903||
|||||99,211|204,903|
|Designated Funds||||||
|Designated Revenue Funds|16||120,000|120,000||
|||||120,000|120,000|
|Total charity funds||||1,437,770|1,580,083|





## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

|Listedinvestments<br>- Unrealised|4,957|4,957|20,748|
|---|---|---|---|
|Total unrealised gains/(losses) etc|4,957|4,957|20,748|
|Total realised and unrealised gains|4,957|4,957|20,748|
|All the gains and losses inthe prior yearwas unrestricted.||||
|Unrealised gains/(losses)and writing down ofcarryingvalues||||
|Listedinvestments<br>- Unrealised|20,748|20,748||
|Total unrealised gains/(losses) etc|20,748|20,748||
|Total realised and unrealised gains|20,748|20,748||



|Theaverage number of part time staffemployed in theyearwas|Theaverage number of part time staffemployed in theyearwas|1|1|
|---|---|---|---|
|Theaverage number offulltimestaffemployed in theyearwas||2|2|
|Theestimated full time equivalentnumber ofall staff employed|intheyearwas|3|3|



|Engaged on charitable activities|3|3|
|---|---|---|
|The estimated fulltime equivalentnumber of all staff employed asabove|3|3|
|Neither the trusteesnor any persons connected with them have receivedany remunerationfrom the charity orany|||
|related entity, either in thecurrent or prior year.|||



## 



## 

|Current Year|Short<br>Leasehold|Total|
|---|---|---|
|Cost|||
|At 1 April2021|1,667,798|1,667,798|
|At 31 March 2022|1,667,798|1,667,798|
|Depreciation|||
|At 1 April 2021|422,668|422,668|
|Charge for the year|36,621|36,621|
|At 31 March 2022|459,289|459,289|
|Net book value|||
|At 31 March 2022|1,208,509||
|At 31 March 2021||1,245,130|
|Prior Year|Short<br>Leasehold|Total|
|Cost|||
|01 April 2020|1,667,798|1,667,798|
|31 March 2021|1,667,798||
|Depreciation|||
|01 April 2020|389,312|389,312|
|Chargefortheyear|33,356|33,356|
|31 March 2021|422,668|422,668|
|Net book value|||
|31 March 2021||1,245,130|
|31 March 2020||1,278,486|





## 

## 

|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|Total|of|assets|funded|by|restricted|||
|funds|||||||1,245,130|



## 

||Investments<br>in|Listed|Other Classes|Total|
|---|---|---|---|---|
||subsidiaries|investments|of Investment||
|Carrying values of investments|||||
|At 1 April 2021|2|161,234||161 ,236|
|Revaluation at 31 March 2022||4,957||4,957|
|Disposals||(25,000)||(25,000)|
|At 31 March 2022|2|141,191||141,193|
|Analysis between fair value and historical cost|||||
|Investmentsasabove held at fairvalue|2|141,191||141,193|



|12|Debtors||||
|---|---|---|---|---|
||||2022|2021|
||Amounts owed by groupundertakingsand undertakings|inwhichthecharityhas a|||
||participatinginterest||81 ,620|56,861|





## 

|13|Income and Expenditure account summary|2022|2021|
|---|---|---|---|
||At 1 April 2021|1,559,335||
||Surplus after tax fortheyear|(147,270)|(77,293)|
||At 31 March 2022|1,412,065||



## 

|At 31 March 2022|Unrestricted|Designated|Restricted|Total|
|---|---|---|---|---|
||funds|funds|funds|Funds|
|Tangible Fixed Assets|||||
|Investments at valuation:-|||||
|Fixedassetinvestments|11,143|120,000|10,050|141,193|
|Current Assets|88,068|||88,068|
||99,211|120,000|1,218,559|1,437,770|
|At 1 April 2021|Unrestricted|Designated|Restricted|Total|
||funds|funds|funds|Funds|
|Tangible Fixed Assets|||1,245,130|1,245,130|
|Investments at valuation:-|||||
|Fixed assetinvestments|31,186|120,000|10,050|161,236|
|Current Assets|173,717|||173,717|
||204,903|120,000||1,580,083|





## 

||Funds|Movement in|Transfers|Fundscarried|
|---|---|---|---|---|
||brought|funds in 2022|between|forward to|
||forward from||funds in 2022|2023|
||2021||||
|||See Note 17|See Note 18||
|Unrestricted and designated funds:-|||||
|Unrestricted Revenue Funds|204,903|(105,692)||99,211|
|Designated Revenue Funds|120,000|||120,000|
|Total unrestricted and designated funds|324,903|(105,692)||219,211|
|Restricted funds:-|||||
|Heritage Lottery Fund|1,245,130|(36,621)||1,208,509|
|FW HollandMemorial Fund|10,050|||10,050|
|Total restricted funds|1,255,180|(36,621)||1,218,559|
|Total charity funds|1,580,083|(142,313)||1,437,770|



||||Other||
|---|---|---|---|---|
||Income|Expenditure|Gains&|Movement|
||||Losses|in funds|
||2022|2022|2022|2022|
|Unrestricted and designated funds:-|||||
|Unrestricted Revenue Funds|62,260|(172,909)|4,957|(105,692)|
|Restricted funds:-|||||
|Heritage Lottery Fund||(36,621)||(36,621)|
||62,260|(209,530)|4,957|(142,313)|
|Gains and losses aredetailed in note 6.|||||





## 



## 

|Donations, Grants and Legacies|||||
|---|---|---|---|---|
||Current year|Current year|Current year|Prior Year|
||Unrestricted|Restricted|TotalFunds|TotalFunds|
||Funds|Funds|||
||2022|2022|2022|2021|
|Donations and gifts from individuals|||||
|Smalldonations individually less than<br>El000|2,830||2,830|10,264|
|Total donations and|2,830||2,830|10,264|
|gifts from individuals|||||
||Current year|Current year|Current year|PriorYear|
||Unrestricted|Restricted|TotalFunds|TotalFunds|
||Funds|Funds|||
||2022|2022|2022|2021|
|Legacies receivable|||||
|Theestate ofMargaret<br>Mary O'Loan|5,000||5,000||
|Total legacies|5,000||5,000||
|receivable|||||
||Current year|Current year|Current year|PriorYear|
||Unrestricted|Restricted|TotalFunds|TotalFunds|
||Funds|Funds|||
||2022|2022|2022|2021|
|Revenue grants from|||||
|government and public|||||
|bodies|||||
|HeathrowCommunity||||11,633|
|Ads Council||||129,586|
|LondonBorough of<br>Hounslow|32,560||32,560|22,928|
|National Heritage||||83,100|
|Arnold ClarkCommunity<br>Fund|1 ,ooo||1,ooo||
|TogetherFund|1,000||1,000||
|Charities Trust|1 ,ooo||1,000||
|Totalpublic sector<br>revenue grants|35,560||35,560|247,247|





## 

|||Current|year|Current year|Currentyear|PriorYear|
|---|---|---|---|---|---|---|
|||Unrestricted||Restricted|TotalFunds|TotalFunds|
|||Funds||Funds|||
|||2022||2022|2022|2021|
|Membership|||||||
|subscriptions|as||400||400|1 ,450|
|donations|||||||



|Total Donations, Gran|ts and Legacies|||
|---|---|---|---|
|Total||||
|Donation|43,790|43,790|258,961|
|s,||||
|Grants||||
|and||||
|Legacies||||



## 

|Currentyear|Current year|Current year|Current year|Prior Year|
|---|---|---|---|---|
||Unrestricted|Restricted|TotalFunds|Totalfunds|
||Funds|Funds|||
||2022|2022|2022|2021|
|Primary purpose and ancillary trading|||||
|Admission fees-<br>Exhibitions and galleries|11 ,080||11,080|1 ,923|
|Total Primary purpose<br>and ancillary trading|11,080||11,080|1,923|





## 

|||||Current year|Current year|Current year|Current year|Prior Year|
|---|---|---|---|---|---|---|---|---|
||Current<br>year|||Unrestricted<br>Funds|Restricted<br>Funds|TotalFunds||TotalFunds|
|||||2022|2022|2022||2021|
||Totalincome|from charitable trading||11 ,080||11,080||1,923|
||Totalfrom||||||||
||charitable||||||||
||activities|A2||11,080||11,080||1,923|
|24|Investment|income|||||||
|||||Current year|Current year|Current|year|PriorYear|
|||||Unrestricted|Restricted|TotalFunds||TotalFunds|
|||||Funds|Funds||||
|||||2022|2022|2022||2021|
||Bank||||||||
||Interest|||3|||3|45|
||Receivable||||||||
||Non Bank||||||||
||interest|||4,376||4,376||4,750|
||receivable||||||||
||Total||||||||
||investment|||4,379||4,379||4,795|
||income||||||||
|25|Other income||and gains||||||
|||||Current year|Current year|Current|year|PriorYear|
|||||Unrestricted|Restricted|TotalFunds||TotalFunds|
||Current year|||Funds|Funds||||
|||||2022|2022|2022||2021|
||Insurance claims<br>Revenue items||-|3,011||3,011||2,500|
||Total other||||||||
||income|||3,011||3,011||2,500|





## 

|||Current year|Current year|Current year|PriorYear|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|TotalFunds|TotalFunds|
|Current Year||Funds|Funds|||
|||2022|2022|2022|2021|
|Musem conservation||11,185||11,185|23,362|
|Museum display||5,504||5,504|8,279|
|Use of Museum||1 1 ,536||11,536|11,180|
|equipment||||||
|Concert hall<br>equipment||2,630||2,630|50,298|
|Total||||||
|direct|B2a|30,855||30,855|93,119|
|spending||||||



|Support costs for charitable ac|tivities||||
|---|---|---|---|---|
||Current year|Current year|Current year|PriorYear|
||Unrestricted|Restricted|TotalFunds|TotalFunds|
|Current Year|Funds|Funds|||
||2022|2022|2022|2021|
|Employee costs not included in direct costs|||||
|Staff Costs|69,221||69,221|69,321|
|Premises Expenses|||||
|Premises repairs,|||||
|renewals,<br>maintenance and|38,049||38,049|103,193|
|support services|||||
|Use of Furniture and<br>office equipment|9,543||9,543|10,858|
|Administrativeoverheads|||||
|Advertisingand<br>marketing|2,875||2,875|591|
|General and|19,804||19,804|31,655|
|administrative|||||





## 

|As detailed in Note 28||250||250|250|
|---|---|---|---|---|---|
|Professionalfees paid to advisors other than the|||auditoror|examiner||
|Otherlegal and||||466|1,310|
|professional||||||
|Financialcosts||||||
|Bank charges||96||96|69|
|Depreciation &||||||
|Amortisation in total|||36,621|36,621|33,356|
|for the period||||||
|Support costs before reallocation||140,304|36,621|176,925|250,603|
|Total support costs|- Current Year||36,621|176,925|250,603|



|||Prioryear|Prior|Prior Year|
|---|---|---|---|---|
|||Unrestricted|Restricted||
|Prior Year||Funds|Funds|Total pun ds|
|||2021|2021|2021|
|Administrativeoverheads|||||
|Financial costs|||||
|Depreciation &|||||
|Amortisation in total|||33,356|33,356|
|for the period|||||
|Support costs||217,247|33,356|250,603|
|Total support costs|-|217,247|33,356|250,603|





## 

||Current year|Current year|Current year|Prior Year|
|---|---|---|---|---|
||Unrestricted|Restricted|TotalFunds|Total Funds|
|Current Year|Funds|Funds|||
||2022|2022|2022|2021|
|Independent Examiner'sfees|1 ,750||1,750|1,750|
|TotalGovernance costs|1,750||1,750|1,750|



||Current|year|Current year|Current|year|PriorYear|
|---|---|---|---|---|---|---|
||Unrestricted||Restricted|TotalFunds||TotalFunds|
||Funds||Funds||||
||2022||2022|2022||2021|
|Fees paid to the examiner's firm||250|||250|250|
|Total|||||||
|additional|||||||
|included in||250|||250|250|
|support|||||||
|costs at|||||||
|Note 27|||||||



|Prior Year|PriorYear|PriorYear|
|---|---|---|
|Unrestricted|Restricted|TotalFunds|
|Funds|Funds||
|2021|2021|2021|





## 

|29|Total Charitable expenditure|Total Charitable expenditure|||||
|---|---|---|---|---|---|---|
||||Current year|Current year|Current year|PriorYear|
||||Unrestricted|Restricted|Total Funds|TotalFunds|
||Current Year||Funds|Funds|||
||||2022|2022|2022|2021|
||Total direct||||||
||spending||||||
|||B2a|30,855||30,855|93,119|
||Total support||||||
||costs|B2d|140,304|36,621|176,925|250,603|
||Total||||||
||Govemance||||||
||costs|B2e|1 ,750||1,750|1,750|
||Total||||||
||charitable||||||
||expenditure|82|172,909|36,621|209,530|345,472|
||||PriorYear|PriorYear|PriorYear||
||||Unrestricted|Restricted|TotalFunds||
||Prior Year||Funds|Funds|||
||||2021|2021|2021||
||Total direct||||93,119||
||spending|B2a|93,119||||
||Total support||||250,603||
||costs|B2d|217,247|33,356|||
||Total||||||
||Govemance||||1,750||
||costs|B2e|1 ,750||||
||Total||||||
||charitable||||||
||expenditure|B2|312,116|33,356|345,472||