Financial Analysis of the Musical Museum Charity ()
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Course
BA1024
Institution
The University Of West London
This document include following details
1.0 INTRODUCTION 3
1.1 ORGANIZATIANAL PROFILE 3
1.2 AIMS OF THE REPORT 3
2.0 Consolidated financial performance over five years – Musical Museum Charity & the Musical Museum (Trading) ltd 4
2.1 Consolidated statement of profit and loss () 4
2.2 Consol...
musical museum charity amp the musical museum trading ltd
the musical museum charity consolidated statement of profit and loss
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The Musical Museum
1
,Table of Contents
1.0 INTRODUCTION................................................................................................................................3
1.1 ORGANIZATIANAL PROFILE..........................................................................................................3
1.2 AIMS OF THE REPORT..................................................................................................................3
2.0 Consolidated financial performance over five years – Musical Museum Charity & the Musical
Museum (Trading) ltd............................................................................................................................4
2.1 Consolidated statement of profit and loss (2015-2019)..............................................................4
2.2 Consolidated statement of profit and loss – horizontal analysis (2015-2019).............................5
2.3 Consolidated statement of profit and loss - vertical analysis (2015-2019)..................................7
2.4 Consolidated balance sheet (2015-2019).....................................................................................9
2.5 Consolidated balance sheet - horizontal analysis (2015-2019)....................................................9
2.6 Consolidated balance sheet - vertical analysis (2015-2019).......................................................11
3.0 CONSOLIDATED BUDGETED FINANCIAL STATEMENT FOR THE YEAR 2020....................................13
3.1 INCOME STATEMENT.................................................................................................................13
3.2 BALANCE SHEET.........................................................................................................................14
3.3 CASHFLOW STATEMENT............................................................................................................15
4. Break even analysis and financial sustainability analysis.................................................................17
5. Recommendations...........................................................................................................................18
6.0 References.....................................................................................................................................20
Appendix..............................................................................................................................................21
2
,1.0 INTRODUCTION
1.1 ORGANIZATIANAL PROFILE
The Musical Museum was established by the late Frank Holland over 50 years ago.
He began with a private collection of around a half-dozen reproducing pianos, and in
1963, he was granted permission to use the former St George's Church in Brentford
to house the collection (Museum, 2021). He was only permitted to use the museum
for two years at first, but it was still there 40 years later. For the past four centuries,
the Musical Museum reveals the interesting tale of how people have captured and
listened to music. The collection contains a remarkable variety of instruments and
inventions, including reproducing pianos, orchestras, self-playing violins, pipe
organs, gramophones, and synthesizers, ranging in scale from tiny music boxes to
the Mighty Wurlitzer theatre organ in our concert hall. Learn about the recording and
reproduction of songs, as well as seeing and hearing them in motion
(musicalmuseum, 2020).
The British Piano Museum was founded in 1966 as a Charitable Trust, and in the
early years, a number of popular pianists who had recorded rolls earlier in the
century came to the Museum to hear themselves play (musicalmuseum, 2020).
1.2 AIMS OF THE REPORT
This study would clarify the financial success of the Musical Museum & Musical
Museum Trading based on financial data over a 5-year span (2015 to 2019) and
include a financial sustainability strategy tailored to the needs of a charitable
organization. This will be included in the consolidated budget income statement,
balance sheet, and cash flow statement for the year 2020, as well as a break-even
report to address sustainability. Furthermore, this study will provide suggestions on
how the charity can raise its revenue.
3
, 2.0 Consolidated financial performance over five years – Musical
Museum Charity & the Musical Museum (Trading) ltd
2.1 Consolidated statement of profit and loss (2015-2019)
The following charts and diagrams illustrates the 5 years vertical and horizontal
analysis of Musical Museum Charity & the Musical Museum (Trading) Ltd.
4
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