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REGISTERED NUMBER: 10766572 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

The Musical Box Society of Great Britain

The Musical Box Society of Great Britain (Registered number: 10766572)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Chairman's Report and Financial Review 2

Balance Sheet 3

Notes to the Financial Statements 4


The Musical Box Society of Great Britain

Company Information
for the Year Ended 31 December 2024







DIRECTORS: R G Hough
Mrs A M Biden
E Hollingworth
K A McElhone
N J A Simons
Mrs C Lillington





REGISTERED OFFICE: Southgate Chambers
37-39 Southgate Street
Winchester
Hampshire
SO23 9EH





REGISTERED NUMBER: 10766572 (England and Wales)





ACCOUNTANTS: Accountancy Services
Raddon Station Hill
Chudleigh
Newton Abbot
Devon
TQ13 0EE

The Musical Box Society of Great Britain (Registered number: 10766572)

Chairman's Report and Financial Review
for the Year Ended 31 December 2024

The year started very well with a Spring meeting on 7th to 9th March 2024 held in Lincolnshire visiting David O’Connors collection and using the famous bomber command base, The Petwood Hotel.
This meeting was very well attended with MBSGB members but also from the Mechanical Organ Owners Society known as M.O.O.S. Held over two days, there was ample time to see this very impressive collection of organs,music boxes etc and vintage cars.

The annual AGM was held on 1st June 2024 in the village Hall at Roade, Northamptonshire. 32 people attended and the business side of the meeting ran to plan. An invited speaker gave a talk about his time as an auctioneer at Christies. This was followed by the annual auction which was not, on this occasion, that well supported.

During the year some provincial meetings took place including an auction sale in Eastbourne on the 17th & 18th October organized by Laurence Fisher which again was popular with collectors, some travelling from Europe.

Overall, despite an ongoing concern about a declining membership and how to address it, the Society is in funds and looks forward to the plans for the next year despite still having some vacancies for posts.

Robert Hough
President and Chairman.


Financial Review

The detailed accounts can be found on page 7 of this report. It shows declining income mostly due to a decrease in membership, down to 240 in 2024. The expenditure has been challenging with the main expense being the publishing of the quarterly journal. However even with a deficit of £4,688 for the year there was £18,373 in the bank at the year end. The directors are giving due thought to the situation to turn the society finances around.

Moving forward into 2025 the decision has been taken to reduce the journal to three issues for the current year and to increase the advertising revenue, as well as looking at reducing the publishing costs.

The Society is still a going concern and with a greater focus on the financial challenges we look forward to a bright future.

The Musical Box Society of Great Britain (Registered number: 10766572)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
CURRENT ASSETS
Stocks 5,184 5,184
Cash at bank and in hand 18,373 23,332
23,557 28,516
CREDITORS
Amounts falling due within one year 4 3,532 3,803
NET CURRENT ASSETS 20,025 24,713
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,025

24,713

RESERVES
Income and expenditure account 20,025 24,713
20,025 24,713

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





R G Hough - Director


The Musical Box Society of Great Britain (Registered number: 10766572)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

The Musical Box Society of Great Britain is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other creditors 3,532 3,803