2025-03-31-accounts

Company Registration Number - 02401088 The Charity Registration Number is :- 802011 The Musical Museum Report and Accounts 31 March 2025

The Musical Museum Report and accounts for the year ended 31 March 2025 Contents Charity information Trustees' Annual Report Statement of directors' responsibilities Independent Examiner's Report Funds Statements:- Statement of Financial Activities Statement of Financial Activities - Prior Year statement Statement of total recognised gains and losses Movements in funds Revenue Funds Income and Expenditure account Summary of funds Balance sheet Notes to the accounts Page 1 1 7 9 12 13 14 15 16 15 17 20

The Musical Museum Company Registration Number - 02401088 Trustees' Annual Report for the year ended 31 March 2025 The Trustees present their Report and Accounts for the year ended 31 March 2025, which also comprises th irectors' Report required by the Companies Act 200€ Reference and administrative details The charity name. The legal name of the charity is:- The Musical Museum. The charity's areas operation and UK charitable registration. The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 802011. The charity does not operate in any overseas jurisdictions. Legal structure of the charity The charity is constituted as a company limited by guarantee, registered under the Companies Acts. The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legistation. The governing document is dated 05 July 1989 There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law. By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legistation The trustees are all individuals.

The Musical Museum Company Registration Number - 02401088 Trustees' Annual Report for the year ended 31 March 2025 The principal operating address, telephone number, email and web addresses of the charity are:- 399 High Street Brentford, TW8 ODU Telephone [phone] Email Address [e-mail] Web address www.musicalmuseum.co.uk The registered office of the charity for Companies Act purposes is the same as the operating address shown above. The Trustees in office on the date the report was approved were:- S Barrett-White M Harborne MJ Wood C Powell J Powell A Church AM Rahme J Bourke M. Bason R. Lee The following persons served as Trustees during the year ended 31 March 2025 :- The trustees who served as a trustee in the reporting period, and, if applicable, their dates of appointment c esignation during the year were: Name S Barret-White M Harborne M Wood C Powell JE Powell A Church J Tang A M Rahme J Bourke M Bason R. Lee Appointed Resigned/Retired 11/01/2020 16/09/2017 21/05/2016 31/01/2022 31/01/2022 09/11/2022 09/11/2022 09/11/2022 31/05/2023 03/03/2025 03/03/2025 01/08/2024 All the trustees are also members of the charity. 2

The Musical Museum Company Registration Number - 02401088 Trustees' Annual Report for the year ended 31 March 2025 Objects and activities of the charity The purposes of the charity as set out in its governing document. Operation of a museum of automatic musical instruments and associated archives to enable current and future generations of visitors to engage with, take pleasure in and learn from the history and development of music reproduction. The main activities undertaken in relation to those purposes during the year. Conservation, preservation, and development of nationally important collections related to the history of music reproduction. The main activities undertaken during the year to further the charity's purpose for the public benefit. - Educating the public through the operation of a museum which: - Conserves, preserves, and develops nationally important collections related to the history of music reproduction. G354 - Informs, engages and entertains the public regarding the evolution of music reproduction through the use of self-playing instruments, demonstrations, talks, exhibitions, live performances and other communications. - Places the theatre organ in context of social, historical and musical importance. The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity. The main achievements and performance of the charity during the year. le creation ot exhibitions, displays and pertormances that provide the narrative of tt evelopment of musical reproductio The provision of opportunities for interaction with the collections through talks, demonstrations, concerts and where possible hands-on experiences. The development of training skills in understanding the technology, conservation and restoration and skills in public presentation The encouragement of research and publication of matters related to the collections. presentation 3

The Musical Museum Company Registration Number - 02401088 Trustees' Annual Report for the year ended 31 March 2025 The difference the charity's performance during the year has made to the beneficiaries of the charity. The Musical Museum tells the fascinating story of how people have captured and listened to music over the last four centuries. From tiny music boxes to the Mighty Wurlitzer theatre organ in our concert hall, our collection includes an impressive array of instruments and inventions, including reproducing pianos, orchestrions, self-playing violins, pipe organs, gramophones & synthesizers. The degree to which the achievements and performance during the year have benefited wider society. An appreciation of the social history of music reproduction in the UK. The arrival of new audiences who take pleasure from the Museum. The building of relationships with local communities, schools (including Special Schools) and interest groups to enjoy and benefit from the collections and their contribution to technology, design, craft, creative skills and musical appreciation. When considering where to focus our activities our trustee's board have regard to the Charity Commission's guidance on public benefit. Structure, governance and management of the charity The methods used to recruit and appoint new charity trustees. The directors of the museum are either directly elected from the membership of the museum or by external recruitment. They bring to the museum relevant qualifications and experience gained from their professional employment. The induction process for new trustees covers the current guidance for charity trustees published by the Charity Commission, the museum's operation, its mission statement, vision and values and its business plan. The membership is notified of the nominatior and retirement of directors and are invited to elect them at general meetings. selected and appointed, including who appoints them and how Bankers Solicitors Accountants HSBC, 67 George Steet, Richmond, Surrey TW9 1HG Rutherfords LLP, Ventura House, Ventura Park Road, Tamwoth, Staffordshire B78 3HL Bourke Accountants LLP, 104 Boston Manor Road, Brentford TW8 9LN Financial review The charity's financial position at the end of the year ended 31 March 2025 The financial position of the charity at 31 March 2025 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:- 2024 4

The Musical Museum Company Registration Number - 02401088 Trustees' Annual Report for the year ended 31 March 2025 Net income Unrestricted Revenue Funds available for the general purposes of the charity Designated Revenue Funds Total Unrestricted Funds Restricted Revenue Funds Restricted Fixed Asset Funds Total Restricted Funds Total Funds 201,009 35,409 527,500 562,909 4,616 1,096,215 1,100,831 1,663,740 Financial review of the position at the reporting date, 31 March 2025. 160,181 56,215 272,500 328,715 1.134.016 1,134,016 1,462,731 The Museum's surplus was £201,009 for the year as against a surplus of E160,181 for the previous year. Free reserves (in the form of unrestricted Revenue Funds available for the genera urposes of the charity) were £35,409 at the year end (2024 - £56,215) Details of the movement in fixed assets and funds during the year are set out in the notes to thi financial statements. the sintant winary baber at alues of the operation or he resur do not take account of Policies on reserves. Designated Contingency Reserve - £120,000 The Musical Museum reserves policy is to maintain sufficient level of reserves to enable normal operating activities to continue over a period of up to 6 months should a shortfall in income occur to take account of potential risks and contingencies that may arise from time to time. If the board deem the drop in income is permanent and operations would have to cease it also allows for the cost needed to close and effectively dispose of the assets etc. The reserves policy includes normal running costs but excludes costs in relation to restricted or endowment funds. The designated reserve is set at £120,000 at present; the board reviews the level required annually.

The Musical Museum Company Registration Number - 02401088 Trustees' Annual Report for the year ended 31 March 2025 Jesianated reserve for major repairs and renovations - £397,500 his reserve is a type of sinking fund set aside for major building renovations including replacement of roof, windows, lifts, fire monitoring and safety installations etc. The reserve propel. A suve on lead by Hotel count in a red with rand prairs fr captal excess of £29k and quotes for upgrade of the fire safety installations are circa £25k. The 2022 Council survey identified 963,000 of maintenance costs to be provided for in the short, medium and longer-term. The contingency fund and major repairs and replacement fund are currently invested in a short- term money market tunds. Designated Colections Fund - £10,000 A designated collections fund of £10,00 has been created based on receipts from the sale of instruments. This reserve is utilised for acquisition of new exhibits and/or restoration of donated instruments. Availability and adequacy of assets of each of the funds The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund. Details of the Independent Examiner Muhammad Sohail Zafar Member of Chartered Institute of Management Accountants 1 Buckingham Place Bellfield Road High Wycombe Berkshire HP13 5HW Statement of the Directors " and Trustees' Responsibilities 6

The Musical Museum Company Registration Number - 02401088 Trustees' Annual Report for the year ended 31 March 2025 The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP),, In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :- - to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). - select suitable accounting policies and apply them consistently; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business; - state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year. The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence tor taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that, on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements. Method of preparation of accounts - Small company provisions The financial statements are set out on pages 12 to 35. The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), and in accordance with 7

The Musical Museum Company Registration Number - 02401088 Trustees' Annual Report for the year ended 31 March 2025 These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime. This report was approved by the board of trustees on 24 July 2025. Steve Barrett-White Director and Trustee 8

The Musical Museum Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 31 March 2025 I report to the Trustees on my examination of the financial statements of the charitable company on pages 12 to 35 periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England Wales (CCEW), and under the historical cost convention and the accounting policies set out on page 20 Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report As described on page 7, you, the charitable company's Trustees, who are also the Directors of the Company for the purposes of Company law, are responsible for the preparation of the financial statements in accordance with the Companies Act 2006, the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view. The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit, and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to Section 476 of the Companies Act 2006. As a consequence, the Trustees have elected that the financial statements be subject to independent examination. Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:- a) examine the financial statements of the charity under Section 145 of the Act; b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act. Basis of Independent Examiner's Statement and scope of work undertaken Since the charitable company's gross income exceeded £250,000, the charitable company's examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am an authorised member of Chartered Institute of Management Accountants, which Is one of the listed bodies. I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charitable company and of the accounting systems employed by the charitable company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP. The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide 9

The Musical Museum Consequently, 1 do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below. I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report 1 obtained written assurances from the Trustees of all material matters. Independent Examiner's Statement, Report and Opinion Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:- The accounts of this charitable company are not required to be audited under Part 16 of the Companies Act 2006; The gross income of the charitable company in the year ended 31 March 2025 appears to exceed the sum specified in Section 145(3) of the Act, namely E250000, and that 1 am qualified to act as Independent Examiner in accordance with that section by virtue of my being a qualified member of Chartered Institute of Management Accountants; This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable; and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:- accounting records were not kept in respect of the charity as required by Section 386 of the Companies Act 2006 and Section 130 of The Charities Act 2011; the financial statements do not accord with those records; or the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in section 396 of the Companies Act 2006 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; have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP). 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 financial statements to be reached. 10

The Musical Museum Signed:- Muhammad Sohall Zafar - Independent Examiner Chartered Institute of Management Accountants 7-8 Wing Yip Business Centre 395 Edgware Roed London NW2 6LN This report was signed on 23 October 2025 1f

The Musical Museum - Statement of Financial Activities for the year ended 31 March 2025 Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 March 2025, as required by the Companies Act 2006) SORP Current year Current year Ref Unrestricted Restricted Funds Funds 2025 2025 Current year Total Funds 2025 Prior Year Total Funds 2024 Income & Endowments from: Donations & Legacies Charitable activities Investments Other Total income Expenditure on: Ralsing funds Charitable activities Total expenditure Net gains on investments A1 A2 A4 A5 A 300,062 143,936 13,307 3,476 460,781 5,000 : 5,000 B1 B2 11,174 253,214 264,388 B4 384 384 - Net income for the year Transfers between funds Net income after transfers Net movement in funds Reconciliation of funds:- Total funds brought forward Total funds carried forward A-B-C 196,393 37,801 234,194 234,194 4,616 (37,801) (33,185) (33,185) E 305,062 143,936 13,307 3,476 465,781 11,174 253,598 264,772 201,009 201,009 201,009 363,228 85,894 3,090 7,500 459,712 7,525 291,993 299,518 (13) 160,181 160,181 160,181 328,715 562,909 1,134,016 1,100,831 1,462,731 1,663,740 1,302,550 1,462,731 The 'SORP Ref indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance A Statement of Total Recognised Gains and Losses is included as a primary statement in these accounts. All activities derive from continuing operations The notes attached on pages 20 to 35 form an integral part of these accounts. 12

The Musical Museum - Statement of Financial Activities for the year ended 31 March 2025 The Musical Museum - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP SORP Prior Year Ref Unrestricted Funds 2024 Income & Endowments from: Donations & Legacles Charitable activities Other trading activities Investments Other Total Income Expenditure on: A1 A2 A3 A4 A5 A Raising funds Charitable activities Other B2 B3 Tax on surplus on ordinary activiti B3 Other taxation Total expenditure Net gains on investments B4 Net income for the year Transfers between funds Net income after transfers Net movement in funds Reconciliation of funds:- E Total funds brought forward Total funds carried forward 353,228 85,894 - 3,090 7,500 449,712 7,525 281,993 : 289,518 (13) 160,181 - 160,168 160,168 280,851 Prior Year Restricted Funds 2024 10,000 : 10,000 10,000 : 10,000 - - 1,181,867 1,181,867 - - Prior Year Total Funds 2024 € 363,228 85,894 3,090 7,500 459,712 7,525 291,993 : 299,518 (13) 160,181 160,168 160,168 1,302,550 1,462,718 All activities derive from continuing operations A Statement of Total Recognised Gains and Losses is included in these accounts as a separate primary statement The notes attached on pages 20 to 35 form an integral part of these accounts. 13

The Musical Museum - Statement of Financial Activities for the year ended 31 March 2025 Statement of Total Recognised Gains and Losses for the year ended 31 March 2025 2025 2024 Surplus for the year:- Net excess of income over expenditure from operations before tax Realised gains on disposals of social investments which are programme related Income from operations before tax in the Statement of Financial Activites Add/(deduct) non income and expenditure items:- nrealised gains on investmen et Movement in funds before taxatic Funds generated in the year as shown on Statement of Financial Activities The notes attached on pages 20 to 35 form an integral part of these accounts. 201,009 201,009 160,194 160,194 201,009 201,009 (13) 160,181 160,181 The Musical Museum - Resources applied in the year ended 31 March 2025 towards fixed assets for Charity use:- 2025 2024 € 201,009 201,009 160,194 160,194 Funds generated in the year as detailed in the SOFA Net resources available to fund charitable activities The notes attached on pages 20 to 35 form an integral part of these accounts. 14

The Musical Museum - Statement of Financial Activities for the year ended 31 March 2025 Movements in revenue and capital funds for the year ended 31 March 2025 Revenue accumulated funds Unrestricted Funds 2025 Restricted Funds 2025 Accumulated funds brought forward Recognised gains and losses before transfers 328,715 196,393 4,616 525,108 4,616 (From)/To unrestricted revenue funds 37,801 - Closing revenue funds 562,909 4,616 Designated revenue funds included within the unrestricted funds above Total Funds 2025 € 328,715 201,009 529,724 37,801 567,525 Total Funds 2025 € At 1 April 272,500 Transfer (to)/from revenue accumulated funds 255,000 At 31 March 527,500 The purposes for which these funds have been designated are described in Note 21 to the accounts. Fixed asset funds Designated Funds 2025 € Restricted Funds 2025 Total Funds 2025 At 1 April Transfer (to)/from revenue funds : 1,134,016 (37,801) 1,134,016 (37,801) Last year Total Funds 2024 130,733 160,181 290,914 37,801 328,715 Last year Total Funds 2024 120,000 152,500 272,500 Last year Total Funds 2024 1,171,817 (37,801) Summary of funds Unrestricted and Designated funds 2025 Restricted Funds 2025 Revenue accumulated funds Revenue designated funds Fixed asset funds Total funds 35,409 527,500 - 4,616 1,096,215 562,909 1,100,831 The notes attached on pages 20 to 35 form an integral part of these accounts. Total Funds 2025 € 40,025 527,500 1,096,215 1,663,740 Last Year Total Funds 2024 € 56,215 272,500 1,134,016 1,462,731 15

The Musical Museum - Statement of Financial Activities for the year ended 31 March 2025 The Musical Museum Income and Expenditure Account for the year ended 31 March 2025 as required by the Companies Act 2006 2025 € Income Income from operations Refunds from HMRC on gift aided donations Investrent income Income from investments, other than interest receivable Interest receivable Other operating income Gross income in the year before exceptional items Gross income in the year Including exceptional items Expenditure predal on andie eluding depredalon and amoristion Fundraising costs Realised losses on disposals of social investments which are programme related Total expenditure in the year Net income before tax in the financial year 445,173 3,825 1,307 3,476 465,781 465,781 215,797 37,801 11,174 Tax on surplus on ordinary activities Net income after tax in the financial year Retained surplus for the financial year All activities derive from continuing operations 264,772 201,009 - 201,009 201,009 2024 442,302 6,820 1,278 1,812 7,500 459,712 459,712 254,192 37,801 7,525 299,518 160,194 - 160,194 160,194 In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income an Expenditure account have been adapted to reflect the special nature of the charity's activitie The notes attached on pages 20 to 35 form an integral part of these accounts. 16

The Musical Museum - Balance Sheet as at 31 March 2025 SORP Note Ref 2025 Fixed assets Tangible assets A 10 AZ 1,096,215 Current assets Stocks Debtors Investments held as current assets Cash at bank and in hand 12 13 B B1 B2 83 B4 8,811 6,095 525,000 35,822 Total current assets 575,728 - 5,280 262,500 60,935 328,715 Creditors: amounts falling due within one year 14 C1 (8,203) - Net current assets 567,525 The total net assets of the charity 1,663,740 The total net assets of the charity are funded by the funds of the charity, as follows:- Restricted funds Restricted Revenue Funds Restricted Fixed Asset Funds 18 D2 18 D2 4,616 1,096,215 1.134,016 1,100,831 Unrestricted Funds Unrestricted Revenue Funds 18 D3 35,409 56,215 35,409 Designated Funds Designated Revenue Funds 18 D3 527,500 272,500 Total charity funds 527,500 1,663,740 2024 1,134,016 328,715 1,462,731 1,134,016 56,215 272,500 1,462,731 The 'SORP Ref indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA.. The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. 17

The Musical Museum - Balance Sheet as at 31 March 2025 The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 11. The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime. Steve Barrett-White Trustee Approved by the board of trustees on 24 July 2025 The notes attached on pages 20 to 35 form an integral part of these accounts. 18

The Musical Museum Notes to the Accounts for the year ended 31 March 2025 1 Accounting policies Policies relating to the production of the accounts. Basis of preparation and accounting convention The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended ractice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1s January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW), and in accordance wit all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accor with current best practice Going Concern The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as tradin revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding stream Risks and future assumptions The charity is a public benefit entity. Policies relating to categories of income and income recognition. Nature of income Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. Categories of Income ncome is categorised as income from exchange transactions (contract income) and income from non-exchang ransactions (gifts), investment income and other income Income from exchange transactions is received by the charity for goods or services supplied under contract or where enfitlement is subject to fulfiling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser. 19

The Musical Museum Notes to the Accounts for the year ended 31 March 2025 Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange. Income recognition Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity's assets or a reduction in its liabilites and only when the charity has legal entitlement, the income is probable and can be measured reliably. Dividends are accrued when the shareholder's right to receive payment is established Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met. All income is accounted for gross, before deducting any related fees or costs. Accounting for deferred income and income received in advance Where terms and conditions relating to income have not been met or uncertainty exists as to whether the charity can meet any terms or conditions otherwise within its control, income is not recognised but is deferred as a liability until it is probable that the terms or conditions imposed can be met. ny grant that is subject to performance-related conditions received in advance of delivering the goods and service aquired by that condition, or is subject to unmet conditions wholly outside the control of the recipient charity, is accounte for as a liability and shown on the balance sheet as deferred income. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met. /hen income from a grant or donation has not been recognised due to the conditions applying to the gift not being who! ithin the control of the recipient charity, it is disclosed as a contingent asset if receipt of the grant or donation is probab once those conditions are met. Where time related conditions are imposed or implied by a funder, then the income is apportioned to the time periods concerned and, where applicable, is accounted for as a liability and shown on the balance sheet as deferred income When grants are received in advance of the expenditure on the activity funded by them, but there are no specific time related conditions, then the income is not deferred. Any condition that allows for the recovery by the donor of any unexpended part of a grant does not prevent recognition of the income concerned, but a liability to any repayment is recognised when repayment becomes probable. Income from legacies Income from legacies is recognised when the charity has sufficient evidence that a gift has been left to them, that where required, probate has been granted, the executor is satisfied that the property in question will not be required to satisfy claims in the estate, that it is probable that the amount will be received by the charity, and the amount to be received can be estimated with sufficient accuracy, and that any conditions attached to the legacy are either within the control of the charity or have been met. Where a payment is received from an estate or is notified as receivable by the executors after the reporting date and before the accounts are authorised for issue but it is clear that the payment had been agreed by the executors prior to the end of the reporting period, then the amount concerned is treated as an adjusting event and accrued as income in the accounting perlod if receipt is probable. Where the charity has established entitlement to a legacy but there is uncertainty as to the amount of the payment, details of the legacy aredisclosed as a contingent asset until the criteria for income recognition are met. Where a legacy is subject to the interest of a life tenant, the legacy is not recognised as income until the death of the life tenant. If it is doubtful that full settlement of a legacy debtor will be received, then an adjustment is made to reduce the amount of the legacy debtor and legacy income rather than charging the adjustment as expenditure in the Statement of Financial Donated goods, facilities and services 20

The Musical Museum Notes to the Accounts for the year ended 31 March 2025 Donated fixed assets are recognised at the current fair value. All such donations are recognised as donation income, and debited to fixed assets. Donated goods that are not fixed assets are accounted for at a fair value, unless it is impractical to reliably measure the value of the donated items. In the absence of any direct evidence of fair value of donated goods, then a value is derived from the cost of the item to the donor or, in the case of goods that are expected to be sold, the estimated resale value after deducting any anticipated costs of sales. If it is impracticable to measure the fair value of goods donated for resale, or the costs of valuation outweigh the benefits, the donated goods are recognised as income when sold, with an equivalent amount being recognised as an expense. The costs of goods donated for distribution to beneficiaries is deemed to be the fair value of those goods upon receipt. When the goods are distributed freely or for a nominal consideration, then the carrying amount is adjusted at the time of sale, to the value at the point of distribution and the adjustment is shown as a cost of donations made. The carrying amount of any stock held for distribution is assessed for impairment at the reporting date. All donated goods are recognised as donation income, and debited to trading stock. When trading stock is subsequently sold, or appropriated to meet an expense, then the carrying value of the stock is recognised as an expense. In accordance with the SORP, goods donated for distribution to beneficiaries, or for consumption by the charity are included in legacies anc donations'. Goods donated for resale are included in 'Income from other trading activities The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt. If the goods held are to be distributed freely or for a nominal consideration, then the carrying amount is subsequently adjusted to reflect the lower of deemed cost adjusted for any loss of service potential and replacement cost. Replacement cost is the economic cost incurred if the charity was to replace the service potential of the donated goods at its own expense in the most economic manner. Donated services and facilities (including seconded staff and use of property) are included in the accounts on the basis of the value of the gift to the charity. All donated services and facilities are recognised as donation income when received, (provided the value of the gift can be measured reliably) and recognised as an expense with an equivalent value. Membership subscriptions The income and any associated Gift Aid or other tax refund from a membership subscription received by the charity in the nature of a gift, is accounted for on the same basis as a donation. The income from a membership subscription received by the charity where the subscription purchases the right to services or benefits is recognised as income from charitable activities. Policies relating to expenditure on goods and services provided to the charity. Recognition of liabilities and expenditure A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.. Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates. 21

The Musical Museum Notes to the Accounts for the year ended 31 March 2025 Volunteers accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution fror rolunteers, the contribution of volunteers is not included within the income of the charity Is tastil more ily ole semiant controlin mad the actio the carty by unpaid outers and this Policies relating to assets, liabilities and provisions and other matters. Fixed Asset Investments Fixed asset investments in quoted shares, traded bonds, investment properties and similar investments are shown initially at cost upon acquisition and at their market value at the balance sheet date at the end of the financial period. Investment properties are not depreciated. Fixed asset investments in unlisted equities are shown at the balance sheet date at the best estimate of their marke value, where practicable. Where valuation techniques are considered unreliable or where, in the opinion of the trustees the costs outweigh the benefits to the users of the accounts, the investment is included at cost, and a review is undertaken at each year end as to whether the asset should be written down. All gains on fixed asset investments, whether realised or unrealised, are included in row B4 of the Statement of Financial Activities. Tangible fixed assets Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition. Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives. Leasehold premises 2% straight line A regular annual review of the likelihood of asset impairment is undertaken. Accounting for capital grants and fixed asset funds. Gifts of tangible fixed assets or grants of a capital nature, given for the purposes of acquiring specific assets to be fuily uflised in the furtherance of the objects of the charity, are credited to fixed asset funds after the donated asset has been received or sums have been properly expended on the restricted purpose. Where the terms of the gift require the charity to hold the asset on an ongoing basis for a specific purpose, then the fixed asset fund so created is categorised as a restricted fixed asset fund, and the relevant restrictions are noted in the fixed asset note 10. Where the terms of the gift are met once the asset is acquired, so allowing the charity to use the asset on an unrestricted basis, including the right to receive the proceeds of any future sale of the asset on an unrestricted basis, then the fixed asset fund so created is categorised as a designated fixed asset fund. When assets are acquired for the furtherance of the charity's objects, utilising the charity's own unrestricted funds, a transfer is made from unrestricted funds to a designated fixed asset fund. Whether acquired with unrestricted or restricted funds, the asset acquired is initially shown in the balance sheet at the full cost of acquisition or subsequent revaluation. 22

The Musical Museum Notes to the Accounts for the year ended 31 March 2025 s the related assets are depreciated, in accordance with the depreciation policy, in order to reflect the dimunition in th sset a transfer is made from the relevant fixed asset funds to either unrestricted or restricted revenue funds, a appropriate to the terms of the original gift, if any. The effect of this policy is that the aggregate of all fixed asset funds shall equate to the net book value of fixed assets. In the first year that this policy was adopted, a transfer to fixed asset funds was made equivalent to the net book value of any residual liability to the donor arising from, for example, the asset's future sale, is disclosed as a contingent liabilit unless the event that would trigger repayment of the grant becomes probable in which case a liability for repayment i recognised. comply with the SORP. Debtors Debtors are measured at their recoverable amounts at the balance sheet date. Current asset investments Current assets investments are measured at their realisable fair market value at the balance sheet date. Cash and bank balances Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements. Pensions - defined contribution schemes The charity operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. Fund Accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds are unrestricted funds earmarked by the Trustees for particular purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appea or as implied by law. There are no endowment funds. 2 Liability to taxation 23

The Musical Museum Notes to the Accounts for the year ended 31 March 2025 The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for JK corporation tax purposes. Accordingly, the Charity is potentially exempt from laxation in respect of income or capita Jains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of th Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities. 3 Winding up or dissolution of the charity If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity. 4 Significance of financial instruments to the charity's position Investments held as current assets are comprised of financial instruments and constitute the bulk of the charity's liquid reserves. These investments are valued as per the accounting polcies note and analysed at note 14. The value of investments at fair value are exposed to market volatility in the money markets. Debtors are analysed at note 17. 5 Net surplus before tax in the financial year 2025 The net surplus before tax in the financial year is stated after charging:- Depreciation of owned fixed assets Pension costs 6 Investment gains isted investments - Unrealise otal realised and unrealised gair All the gains and losses in the prior year was unrestricted. Unrealised gains /(losses) and writing down of carrying values Listed investments - Unrealised Total unrealised gains/(losses) etc Total realised and unrealised gains 7 Staff costs and emoluments Salary costs Gross Salaries excluding trustees and key management personnel Employer's National Insurance for all staff Employer's contribution to defined benefit pension schemes Employer's operating costs of defined contribution pension schemes Total salaries, wages and related costs : (13) (13) (13) - 37,801 45 : (13) (13) (13) 2025 € 21,009 1 45 21,055 2024 € 37,801 1,980 (13) (13) 2024 103,451 3,733 1,980 109,164 24

The Musical Museum Notes to the Accounts for the year ended 31 March 2025 Redundancy, termination and compensation payments Redundancy payments 2025 € - 2024 € 23,148 23,148 The average number of part time staff employed in the year was The average number of full time staff employed in the year was The estimated full time equivalent number of all staff employed in the year was The estimated equivalent number of full time staff deployed in different activities in the year was:- Engaged on charitable activities 1 The estimated full time equivalent number of all staff employed as above 3 3 Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year. No employees received emoluments (excluding pension costs) in excess of £60,000 per annum. 8 Defined contribution pension schemes The charity operates a defined contribution pension scheme, the costs of which are shown above. Any liabilites and assets associated with the scheme are shown under debtors and creditors. 9 Remuneration and payments to Trustees and persons connected with them Vo trustees or persons connected with them received any remuneration for Trustee services from the charity, or an related entity, except for concert performance fees as noted in related payments belo 10 Tangible fixed assets Current Year Cost At 1 April 2024 At 31 March 2025 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 Land and Buildings 1,667,798 1,667,798 533,782 37,801 571,583 1,096,215 1,134,016 Plant & Machinery € 49,164 49,164 49,164 49,164 Motor Vehicles Total 1,716,962 = 1,716,962 : 582,946 37,801 620,747 1,096,215 1,134,016 25

The Musical Museum Notes to the Accounts for the year ended 31 March 2025 Prior Year Cost 02 April 2023 31 March 2024 Depreciation 02 April 2023 Charge for the year 31 March 2024 Net book value 31 March 2024 01 April 2023 Land and Buildings Plant & Machinery E Motor Vehicles E 1,667,798 1,667,798 495,981 37,801 533,782 1,134,016 1,171,817 49,164 49,164 49,164 49,164 - : Total 1,716,962 1.716,962 545,145 37,801 582,946 1,134,016 1,171,817 A significant element of the fixed assets were acquired with the aid of grants and there are restrictions upon the manner in which the assets can be dealt with imposed by the grant making authorities. All assets are used for direct charitable purposes. 11 Stocks & Work in Progress Stocks before write downs 12 Debtors Trade debtors Amounts owed by group undertakings and undertakings in which the charity has a participating interest Other debtors 13 Investments held as current assets at market value at 31 March 2025 Cash on deposit - more than 3 months notice 2025 8,811 8,811 2025 € 2,039 4,056 6,095 2025 € 525,000 2024 - 2024 (1,540) 6,820 5,280 2024 262,500 26

The Musical Museum Notes to the Accounts for the year ended 31 March 2025 14 Creditors: amounts falling due within one year Trade creditors PAYE, NIC VAT and other taxes Other creditors 15 Income and Expenditure account summary At 1 April 2024 Surplus after tax for the year At 31 March 2025 16 Related party transactions 2025 7,502 208 493 8,203 2025 f 1,462,744 201,009 1,663,753 2024 2024 E 1,302,550 160,194 1,462,744 A payment of £2500 (£2024-£1000) was made ro CMP Productions Ltd in the year in respect of performance fees for Christmas Concerts. CMP Productions is the tradig business of Chris & Joanne powell (Trustees) There were no other transactions with related parties in the year, except with regard to reimbursement of trustees company card charges or out of pocket for payment of charity expenses and transactions in the ordinary course of activities with the wholly owned subsidiary Musical Musem (Trading) Limited. The amount due (to)/from Musical Museum Trading at the year end was £ Nil - (E1549). 17 Particulars of how particular funds are represented by assets and liabilities At 31 March 2025 Tangible Fixed Assets Current Assets Current Liabilities At 1 April 2024 Tangible Fixed Assets Current Assets Unrestricted funds Designated funds 571112 (8,203) 562,909 Unrestricted funds 56,215 56,215 Designated funds 272,500 Restricted funds 1,096,215 4,616 1,100,831 Restricted funds € 1,134,016 272,500 1,134,016 18 Change in total funds over the year as shown in Note 17, analysed by individual funds Total Funds € 1,096,215 575,728 (8,203) 1,663,740 Total Funds € 1,134,016 328,715 1,462,731 27

The Musical Museum Notes to the Accounts for the year ended 31 March 2025 on arrant to 2025 Transfer funds in 2025 E See Note 19 See Note 20 € Unrestricted and designated funds:- Inrestricted Revenue Fund )esignated Revenue Fund 56,215 272,500 328,715 196,393 Total unrestricted and designated funds Restricted funds*™ Resided Fier reset Funds 1,134,016 Total restricted funds Total charity funds 1,134,016 1,462,731 19 Analysis of movements in funds over the year as shown in Note 18 196,393 (217,199) 255,000 37,801 (37,801) 4,616 4,616 201,009 (37,801) Income Expenditure 2025 2025 € Other Gains & Losses 2025 E Unrestricted and designated funds:- Unrestricted Revenue Funds Restricted funds: Restricted Revenue Funds 460,781 (264,388) 5,000 (384) - 465,781 (264,772) 20 Details of transfers between funds The transfers shown in note 18 above are:- Tol(from Unrestricted Revenue Funds in accordance with the accounting policy 'Accounting for capital grants and fixed asset funds'. To/(from) Designated Revenue Funds To/(from) Restricted Fixed Asset Funds Net transfers 21 The purposes for which the funds as 28 € 35,409 527,500 562,909 1,096,215 4,616 1,100,831 1,663,740 Movement in funds 2025 E 196,393 4,616 201,009 2025 (217,199) 255,000 (37,801)

The Musical Museum Notes to the Accounts for the year ended 31 March 2025 Unrestricted and designated funds:- Unrestricted Revenue Funds Designated Revenue Funds These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and, subject to charity legislation, are free from all restrictions on their use. These funds are comprised of a £10,000 Museum collections reserve, a contingency fund if E120,000 to provide six months of operating expenses and expected closing costs for the Museum in the event of a permanent dimunition in the Museums level of income and a reserve of £397,500 to provide for major repairs and renovations to the building and replacement of integral fixtures, fitings and equipmet. Restricted funds:- Restricted Fixed Asset Funds Restricted Revenue Fund The purpose of these funds is described under the accounting policy 22 Ultimate controlling party The charity is under the control of its legal members. 29

The Musical Museum Detailed analysis of income and expenditure for the year ended 31 March 2025 as required by the SORP 2015 This analysis is classified by conventional nominal descriptions and not by activity. 23 Donations, Grants and Legacies Current year Unrestricted Funds 2025 E Current year Restricted Funds 2025 Current year Total Funds Prior Year Total Funds 2025 € 2024 €. Donations and gifts from individuals Smail donations Individually less than £1000 Refunds from HMRC on gift aided donations Andrew Griffiths - Wurlitzer Renovation S. Fitzgerald GoFundMe Crowdfunding appeal VC Hopkins 30,795 3,825 - 30,795 3,825 - - - - - 28,896 6,820 10,000 6,000 15,674 1,000 otal donations and gifts fro dividual 34,620 34,620 68,390 All the donations and gifts in the prior year were unrestricted. Donations and gifts from individuals (Include HMRC refunds on gift aided donations) - Prior Year analysis Prior Year Prlor Year Inrestricte Restricted und Funds 2024 2024 € Prior Year Total Funds 2024 € Prior year - 58,390 10,000 Crest year Current year Funds 2025 a Rancio 2025 € 68,390 Current year Total Funds 2025 Prior Year Total Funds 2024 Legacies receivable Small legacies individually less than £1000 Estate of Mr Leslie Samuel Lilian Lewry Legacy Estate of Mr Jason Huddlestone - 262,500 262,500 - 1,037 262,500 17,916 2,000 2,000 Total legacies receivable 264,500 264,500 281,453 30

The Musical Museum Detailed analysis of income and expenditure for the year ended 31 March 2025 as required by the SORP 2015 Revenue grants and donations from non public bodies Gift Aid Donations from subsidiaries The Trustee of the John and Ruth Howard Trust Sir Elly Kadoorier Sons Ltd The City of London Phonograph & Gramophone Society Current year Current year Current year UnFaticed Posited Total Funds 2025 2025 - - - 5,000 5,000 - Total private sector revenue grants 5,000 Revenue grants and donations from non public bodies (Include Gift Aid donations from subsidiaries) Year analysis Prior Year Prior Year Unrestricted estric inds Fur 2024 2024 Prior Year Total Funds 2024 € Prior Year Total Funds 2024 7,197 1,000 2,500 Membership subscriptions as donations Current year 2025 942 2025 Current year Total Funds 2025 € 942 Prior Year Total Funds 2024 2,688 Total Donations, Grants and Legacies Total Donations, Grants and A1 300,062 Legacies All the donations and gifts in the prior year were unrestricted. Unrestricted Prior year Funds 2024 Total Donations, Grants and - A1 Legacies 24 Income from charitable activities - Trading Activities 353,228 Current year Current year 31 5,000 Restricted Funds 10,000 305,062 Prior Year Total Funds 2024 € 363,228 Current year Current year 363,228 Prior Year

The Musical Museum SoR analysis of income and expanditure for the year ended 31 March 2025 as required by the Primary purpose and ancillary tradins Sale of goods and services in accordance with the charity's objects Admission fees- Exhibitions and galleries Commission Received - charitable activities Parking Income Hail Hire Tradi Primary purpose and anillary 25 Total income from charitable activitles Current year Total income from charitable trading Total from charitable activities AZ 26 Investment income Dividend Income Bank Interest Receivable Non Bank interest receivable Total Investment income A4 27 Other income and gains Current year Sundry other income Insurance claims - Revenue items Sale of Instruments Unrestricted Funds 2025 E Restricted Funds 2025 69,584 30,808 323 9,638 33,583 - - 143,936 Current yea Unrestricte Funds 2025 Current year Restricted Funds 2025 143,936 143,936 Current yea Unrestricter Funds 2025 E Current year Restricted Funds 2025 € 13,307 13,307 Current yea unrestricter Funds 2025 Current year Restricted Funds 2025 € 396 1,580 1,500 : - Total other Income A5 28 Expenditure on charitable activities - Direct spending 3,476 32 Total Funds Total funds 2025 69,584 30,808 323 9,638 33,583 143,936 Current year Total Funds 2025 € 143,936 143,936 Current year Total Funds 2025 13,307 13,307 Current year Total Funds 2025 € 396 1,580 1,500 3,476 2024 € 25,237 24,668 1,265 8,634 26,090 85,894 Prior Year Total Funds 2024 € 85,894 85,894 Prior Year Total Funds 2024 1,278 1,123 689 3,090 Prior Year Total Funds 2024 € : 7,500 7,500

The Musical Museum SOR 2d analysis of income and expenditure for tho year ended 31 March 2025 as required by the Current Year Current yea Inrestricter Funds 2025 Gross wages and salaries - charitable activities Employers' NI - Charitable activities Defined benefit pension costs - 4,724 1 45 Defined contribution pension costs - charitable activities Travel and Subsistence - Charitable Musical Instruments conservation Museum display Staff training & welfare Duty Managers 885 1,370 143 1,931 31,617 Total direct spending B2a All the expenditure in the prior year was unrestricted. = 40,716 Prior Year Prior Year Inrestricter Funds 2024 Musical Instruments conservation 3,180 Total direct spending B2a 29 Expenditure on charitable activities - Charitable trading 115,757 Current Year Current yea Unrestricted Funds Cost of goods for primary purpose rading - Including movement in stoc Temporary Staff - charitable tradin activities Total charitable trading costs B2b 30 Support costs for charitable activities 37,336 16,285 = 53,621 Current Year Current yea Unrestrictec Funds 2025 Employee costs not included in direct costs Redundancy payments - Premises Expenses Fire safety & intruder alarms Elevator maintenance 3,510 1,670 Current year Restricted Funds 2025 E Current year Prior Year Total Funds Total Funds 2025 2024 - : Prior Year Restricted Funds 2024 10,000 10,000 Current year Restricted Funds 2025 € - Current year Restricted Funds 2025 € - 4,724 1 45 103,451 3,733 1,980 885 1,370 143 1,931 31,617 2,184 13,180 83 1,146 40,716 125,757 Prior Year Total Funds 2024 13,180 125,757 Current year Total Funds 2025 € Prior Year Total Funds 2024 € 37,336 16,285 - 53,621 Current year Prior Year Total Funds Total Funds 2025 2024 € - 23,148 3,510 1,670 : 33

The Musical Museum Detailed analysis of income and expenditure for the year ended 31 March 2025 as required by the SORP 2015 Gardening & grounds maintenance Utilities Cleaning and waste management Premises repairs, renewals and naintenance Other Premises Costs Property insurance Furniture and ofice equipment 6,096 27,839 10,438 10,876 2,032 772 384 : 6,096 27,839 10,438 11,260 2,032 772 - Administrative overheads Telephone, fax and internet Postage Stationery and printing Subscriptions to periodicals Membership subscriptions Audio equipment expenses Software licences and expenses Advertising and marketing Liabilty and contents insurance Sundry expenses PPL/PPS iicense fees 1,595 3,393 741 1,091 11,692 15,103 3,663 409 1,140 2,408 .... - - 1,595 3,393 741 1,091 11,692 15,103 3,663 409 1,140 2,408 Merchant card processing costs Professional fees paid to the Auditor or Independent Examiner in addition to audit and examination fees As detailed in Note 31 - Prousanna fes paid to advisors other than the auditor or examiner examination or audit fees Diner teal and protestinat 15,200 1,098 - : 71 15,200 1,098 Financial costs Depreciation & Amortisation in total for 239 37,801 : Support costs before reallocation 158,877 Total support costs - Current Year 158,877 384 384 239 37,801 159,261 159,261 The basis of allocation of costs between activities is described under accounting policies All the expenditure in the prior year was unrestricted. Administrative overheads Professional fees paid to the Auditor or Independent Examiner in addition to audit and 30,670 4,616 6,477 : 10,917 4,344 164 3,145 1,365 13,388 8,119 2,708 4,011 1,294 10,533 2,643 - 833 60 37,801 166,236 166,236 31 Other Expenditure - Governance costs Professional fees paid to the Auditor or Independent Examiner in addition to audit and examination fees 34

The Musical Museum Detailed analysis of income and expenditure for the year ended 31 March 2025 as required by the SORP 2015 Current year Unrestricted Funds 2025 € Current year Restricted Funds 2025 € Current year Prior Year Total Funds Total Funds 2025 € 2024 Fees paid to the examiner's firm otal additional fees included apport costs at Note : - 2,643 2,643 All the expenditure in the prior year was unrestricted. Professional fees paid to the Auditor or Independent Examiner in addition to audit and examination fees Prior Year unrestricte Prior Year estrict Fun 2024 Prior Year Total Funds 2024 32 Total Charitable expenditure Current Year Current yea Unrestricter Funds 2025 € Current year estricte Func 2025 Total direct spending Total charitable trading costs Total support costs Total charitable expenditure B2a B2b B2d 40,716 53,621 158,877 384 B2 253,214 384 Prior Year Prior Yea Inrestricter Funds 2024 Prior Year Restricted Funds 2024 otal direct spendin otal support cost Bza B2d Total charitable expenditure B2 115,757 166,236 281,993 10,000 10,000 33 Expenditure on raising funds and costs of investment management Current yea Unrestricter Current Year Funds 2025 11.174 Fundraising costs- concerts and events Total fundraising costs B1 18,174 Current yea Restricted Funds 2025 35 Current year Prior Year Total Funds Total Funds 2025 2024 € 40,716 53,621 159,261 253,598 Prior Year Total Funds 2024 125,757 166,236 291,993 125,757 - 166,236 291,993 Current year Prior Year Total Funds Total Funds 2025 2024 € 11,174 11,174 7,525 7,525