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
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7
9
12
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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 020 8560 8108
Email Address visit@musicalmuseum.co.uk
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