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← Museum of Policing in Devon & Cornwall

2025-03-31-accounts

Company registration number: 10102042 Charity registration number: 1168731

Museum of Policing in Devon & Cornwall

(A company limited by guarantee)

Annual Report and Financial Statements for the period from 1 May 2024 to 31 March 2025

Thompson Jenner LLP Chartered Accountants 28 Alexandra Terrace Exmouth Devon EX8 1BD

Museum of Policing in Devon & Cornwall

Contents

Reference and Administrative Details 1
Strategic Report 2
Trustees' Report 3 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Statement of Cash Flows 9
Notes to the Financial Statements 10 to 17
Museum of Policing in Devon & Cornwall Museum of Policing in Devon & Cornwall
Reference and Administrative Details
Chairman W A Skelly
Trustees W A Skelly
R Ward
P F Giles
U S Richards
M J Laver
A H Bickley
M A W Alderson
S Crane
N R Powell
M Rothwell
I Andrews
T C Holmes
Charity Registration Number 1168731
Company Registration Number 10102042
Registered Office Okehampton Police Station
Exeter Road
Okehampton
Devon
EX20 1NN
Independent Examiner Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD
Accountants Thompson Jenner LLP
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

Page 1

Museum of Policing in Devon & Cornwall

Strategic Report for the Period from 1 May 2024 to 31 March 2025

The trustees, who are directors for the purposes of company law, present their strategic report for the period from 1 May 2024 to 31 March 2025, in compliance with s414C of the Companies Act 2006.

Financial review

Policy on reserves

A significant three-year grant from Devon & Cornwall Police from April 2022 has allowed the trust’s team to make significant progress in bringing the historic collections of the Force into the public eye, whilst developing its strategy for sustainability. Trustees oversee income and expenditure budgets and monitor the forecast reserve level proactively through a dedicated finance subcommittee and at full Board level on a quarterly basis.

Principal funding sources

Devon and Cornwall Police continue to be the principal source of the Trust’s funding, with our current grant totalling over £417,000 over the three-year period ending in March 2025. That funding is contingent on the Trust reporting annually to the Office of the Police and Crime Commissioner that we

• provide a satisfactory review of our finances and progressions against our agreed objectives

Investment policy and objectives

Investment policy to be developed with external support when funds become available.

Principal risks and uncertainties

Principal risks

  1. Our ability to raise sufficient funds, independent of the police grant to achieve our planned activities. As part of the agreed business case to the Police to work towards becoming more financially sustainable, the Trust agreed to work towards raising £25,000 each year.

  2. Continued availability of police premises to store the collection. This is not considered to be a high risk at this stage.

The strategic report was approved by the trustees of the charity on 10 September 2025 and signed on its behalf by:

......................................... W A Skelly Chairman

Page 2

Museum of Policing in Devon & Cornwall

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the period ended 31 March 2025.

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: W A Skelly R Ward P F Giles U S Richards Mr S J Pearce (resigned 26 November 2024) M J Laver A H Bickley M A W Alderson S Crane N R Powell M Rothwell I Andrews T C Holmes

Objectives and activities

Objects and aims

The objects of the Charity are, for the public benefit: ~ advancing education, in particular without limitation in the history of the police and their interaction with the community, and ~ promoting civic responsibility and good citizenship

~ in particular but without limitation by protecting, celebrating and making available to the public the key aspects of the heritage of policing in the South West of England and operating a collection for public access or exhibition.

Research, cataloguing, archiving and securely maintaining items in the Historic Collection previously held by Devon and Cornwall Police. Developing a programme for the use of the above Collection for exhibitions and educational access. Establishing a fundraising programme to finance current activities and to secure future plans.

Page 3

Museum of Policing in Devon & Cornwall

Trustees' Report

It is my delight to introduce the annual statement of accounts for the Museum of Policing in Devon & Cornwall for the period May 2024 to March 2025.

These months have been another busy and successful period for the Museum. There were also times of great sadness with the loss of both ex-Chair of Trustees Steve Pearce QPM DL, plus the staunch volunteer of many years at our Okehampton site, Mr Del Crowley. We have marked their passing and reflected on their huge contribution already in official and personal ways. It is worth repeating that the firm foundations on which the Museum now stands is due to the outstanding way in which Steve led the Board, and forged relationships with the Police and Crime Commissioner for the region, and the Chief Constable. The legacy of both Steve and Del will endure.

In May of 2024, we passed the milestone of finalising a new core grant in the form of a £160,000 per annum commissioning agreement 2025 - 2029 with the Office of the Police and Crime Commissioner. The support from Commissioner Alison Hernandez means everything to the Museum and funds the staff and projects which are essential to delivering the aims of the Board. We are greatly in her debt and committed to providing substantial value for the considerable investment which has been made in the living heritage of Devon and Cornwall Police.

In many ways this was exemplified in the second annual “Recognition of Excellence in Policing” event which the Museum co-produced with the force in June 2025. Once again, the planning was led by Museum Patron, John Casson MBE, and the event proved to be a great success, both for the way in which it provided recognition and celebration for many of the hard-working members of Devon and Cornwall Police, but also the relevance of the Museum to policing today. The event generated a surplus of £4.6K as unrestricted funds for other Museum activities.

July 2024 saw the recruitment of Ms Andrea Tester to the post of Projects and Digital Officer, and the redistribution of communication duties amongst the professional services team. The output of communications activity continued to increase in terms of channels and messages, with a particular emphasis on the Museum website, increasing our digital assets through the scanning programme in-house and with partners SDS Group, and on leveraging social media. Growing the Museum’s digital footprint continues as a priority workstream going forward.

In August we debuted the extremely well-received “Women in Policing” exhibition at the mini-Museum in Tavistock, and in the Robing Room of the adjacent Guildhall building - the former police station and magistrates’ court. The success of the exhibition was such that the closing date was postponed by a month to the end of September. August also saw the great news of the Museum formally attaining Arts Council England “Working Towards Accreditation” status, which is a significant step forward to realising our objectives around collections care leadership, and also an essential stepping stone to progression to a full accreditation application by 2027.

September saw growing use of Tavistock, particularly participation in the National Trust’s Heritage Open Days programme once again, with increased opening hours. We were also delighted to host the annual National Police Chiefs’ Council “Heritage Portfolio Conference” at force HQ in Exeter. This was another significant step for the Museum team and for our charity’s external profile, with some 30+ police heritage professionals attending the day-long event from across the country. 2024 was the first time the conference was hosted away from its home in the West Midlands. It was a great event with lots of professional expertise and good practice shared.

Autumn 2024 was an opportunity to draw breath and plan for the spring, albeit punctuated by occasional talks and tours of the Museum’s three sites for interested parties.

Moving into 2025 we produced the first draft of a promotional film that showcases the activity taking place at Tavistock, Okehampton and the Devon Records Office in Exeter. This 10-minute film is to be completed later this year and is set to be a crucial element in realising our public engagement mission, raising our profile across social media, at events, and online.

Page 4

Museum of Policing in Devon & Cornwall

Trustees' Report

We also invested time in development of a Forward plan document which is an essential element in the Museum’s accreditation journey as well as a necessary alignment of Museum objectives with the OPCC Commissioning agreement. Our financial year has also been adjusted in this reporting period for the same reason. Elsewhere the focus of the team has very much remained on ensuring the success of the second Recognition Event in summer 2025.

These accounts only tell part of the story. The achievements of 2024 and the enthusiasm for 2025 are all down to the people involved. On behalf of the Board, I wish to give our heartfelt thanks to the Museum staff and our wonderful volunteers, without whom none of these endeavours would be possible.

Public benefit

The Trust was established as a company limited by guarantee during 2016 and subsequently registered as a Charity by the Charity Commission. The Trust’s advisers informed and guided the Trustees through this establishment period.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Statement of trustees' responsibilities

The trustees (who are also the directors of Museum of Policing in Devon & Cornwall for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial period. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The annual report was approved by the trustees of the charity on 10 September 2025 and signed on its behalf by:

......................................... W A Skelly Chairman

Page 5

Museum of Policing in Devon & Cornwall

Independent Examiner's Report to the trustees of Museum of Policing in Devon & Cornwall ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of Museum of Policing in Devon & Cornwall as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

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 accounts to be reached.

...................................... Mr Simon Lewis FCA - Thompson Jenner LLP Chartered Accountants Institute of Chartered Accounts in England and Wales

28 Alexandra Terrace Exmouth Devon EX8 1BD

12 November 2025

Page 6

Museum of Policing in Devon & Cornwall

Statement of Financial Activities for the Period from 1 May 2024 to 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Total income
Expenditure on:
Charitable activities
Total expenditure
4
Net income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
13
Note
Income and Endowments from:
Donations and legacies
3
Total income
Expenditure on:
Charitable activities
Total expenditure
4
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
13		 Unrestricted
funds
£
165,002
165,002
(152,439)
(152,439)
12,563
12,563
39,747
52,310
Unrestricted
funds
£
153,911
153,911
(179,916)
(179,916)
(26,005)
(26,005)
65,752
39,747		 Total
2025
£
165,002
165,002
(152,439)
(152,439)
12,563
12,563
39,747
52,310
Total
2024
£
153,911
153,911
(179,916)
(179,916)
(26,005)
(26,005)
65,752
39,747

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 13.

The notes on pages 10 to 17 form an integral part of these financial statements. Page 7

Museum of Policing in Devon & Cornwall

(Registration number: 10102042) Balance Sheet as at 31 March 2025

Note
Fixed assets
Tangible assets
9
Current assets
Debtors
10
Cash at bank and in hand
11
Creditors: Amounts falling due within one year
12
Net current assets
Net assets
Funds of the charity:
Unrestricted income funds
Unrestricted funds
Total funds
13		 2025
£
2,816
3,291
53,562
56,853
(7,359)
49,494
52,310
52,310
52,310		 2024
£
3,797
7,980
31,251
39,231
(3,281)
35,950
39,747
39,747
39,747

For the financial period ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements on pages 7 to 17 were approved by the trustees, and authorised for issue on 10 September 2025 and signed on their behalf by:

......................................... W A Skelly Chairman

The notes on pages 10 to 17 form an integral part of these financial statements. Page 8

Museum of Policing in Devon & Cornwall

Statement of Cash Flows for the Period from 1 May 2024 to 31 March 2025

Note
Cash flows from operating activities
Net cash income/(expenditure)
Adjustments to cash flows from non-cash items
Depreciation
Working capital adjustments
Decrease/(increase) in debtors
10
Increase/(decrease) in creditors
12
Net cash flows from operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
9
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at 1 May
Cash and cash equivalents at 31 March		 2025
£
12,563
1,288
13,851
4,689
4,078
22,618
(307)
22,311
31,251
53,562		 2024
£
(26,005)
1,628
(24,377)
(6,721)
(3,243)
(34,341)
-
(34,341)
65,592
31,251

All of the cash flows are derived from continuing operations during the above two periods.

The notes on pages 10 to 17 form an integral part of these financial statements. Page 9

Museum of Policing in Devon & Cornwall

Notes to the Financial Statements for the Period from 1 May 2024 to 31 March 2025

1 Charity status

The charity is limited by guarantee, incorporated in , and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

The address of its registered office is: Okehampton Police Station Exeter Road Okehampton Devon EX20 1NN

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

Museum of Policing in Devon & Cornwall meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Page 10

Museum of Policing in Devon & Cornwall

Notes to the Financial Statements for the Period from 1 May 2024 to 31 March 2025

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Donated services and facilities

Where services or facilities are provided to the charity as a donation that would normally be purchased from our suppliers, this benefit is included in the financial statements at it's fair value unless it's fair value cannot be reliably measured, then at the cost to the donor or the resale value of goods that are to be sold.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Page 11

Museum of Policing in Devon & Cornwall

Notes to the Financial Statements for the Period from 1 May 2024 to 31 March 2025

Asset class Depreciation method and rate Fixtures and fittings 10% straight line basis Computer equipment 33.3% straight line basis

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

3 Income from donations and legacies

Donations and legacies;
Donations from companies, trusts and similar proceeds
Grants, including capital grants;
Grants from other charities
Total for period ended 31 March 2025
Total for period ended 30 April 2024		 Unrestricted
funds
General
£
7,993
157,009
165,002
153,911		 Total
funds
£
7,993
157,009
165,002
153,911

Page 12

Museum of Policing in Devon & Cornwall

Notes to the Financial Statements for the Period from 1 May 2024 to 31 March 2025

4 Analysis of governance and support costs

Charitable activities expenditure

Basis of allocation
Wages and salaries
Insurance
Independent examiners remuneration
Printing, postage and stationery
Subscriptions
Travel and subsistence
National insurance
Repairs and maintenance
Sundry Costs
Promotional expenses
Legal and professional
Computer expenses
Staff pensions
Bank charges
Telephone
Payroll fees
Staff entertainment
Rent
Rates
Water rates
Light, heat and power
Depreciation
Total for period ended 31 March 2025
Total for period ended 30 April 2024		 Unrestricted
funds
General
£
71,200
2,142
2,205
1,343
176
5,161
3,021
302
77
14,585
36,964
5,531
1,500
31
875
857
889
2,954
462
222
655
1,287
152,439
179,916		 Total
funds
£
71,200
2,142
2,205
1,343
176
5,161
3,021
302
77
14,585
36,964
5,531
1,500
31
875
857
889
2,954
462
222
655
1,287
152,439
179,916

Page 13

Museum of Policing in Devon & Cornwall

Notes to the Financial Statements for the Period from 1 May 2024 to 31 March 2025

Governance costs

Independent examiner fees
Examination of the financial statements
Total for period ended 31 March 2025
Total for period ended 30 April 2024
5
Net incoming/outgoing resources
Net incoming/(outgoing) resources for the period include:
Depreciation of fixed assets		 Unrestricted
funds
General
£
2,205
2,205
2,196
2025
£
1,287		 Total
funds
£
2,205
2,205
2,196
2024
£
1,628

6 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

7 Independent examiner's remuneration

Examination of the financial statements 2025
£
2,205		 2024
£
2,196

8 Taxation

The charity is a registered charity and is therefore exempt from taxation.

Page 14

Museum of Policing in Devon & Cornwall

Notes to the Financial Statements for the Period from 1 May 2024 to 31 March 2025

9 Tangible fixed assets

Cost
At 1 May 2024
Additions
At 31 March 2025
Depreciation
At 1 May 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 30 April 2024
10 Debtors
Trade debtors
Prepayments
Other debtors
11 Cash and cash equivalents
Cash at bank
12 Creditors: amounts falling due within one year
Trade creditors
Other taxation and social security
Pension scheme creditor
Accruals		 Furniture and
equipment
£
10,636
307
10,943
6,839
1,288
8,127
2,816
3,797
2025
£
-
1,726
1,565
3,291
2025
£
53,562
2025
£
1,164
1,566
359
4,270
7,359		 Furniture and
equipment
£
10,636
307
10,943
6,839
1,288
8,127
2,816
3,797
2025
£
-
1,726
1,565
3,291
2025
£
53,562
2025
£
1,164
1,566
359
4,270
7,359		 Total
£
10,636
307
10,943
6,839
1,288
8,127
2,816
3,797
2024
£
5,500
-
2,480
10,943
6,839
1,288
8,127
2,816
3,797
2025
£
-
1,726
1,565
3,291
2025
£
53,562
2025
£
1,164
1,566
359
4,270
7,359
7,980
2024
£
31,251
2024
£
-
771
236
2,274
3,281

Page 15

Museum of Policing in Devon & Cornwall

Notes to the Financial Statements for the Period from 1 May 2024 to 31 March 2025

13 Funds

13 Funds
Unrestricted funds
General
Unrestricted Funds
Unrestricted funds
General
Unrestricted Funds		 Balance at 1
May 2024
£
39,747
Balance at 1
May 2023
£
65,752		 Incoming
resources
£
165,002
Incoming
resources
£
153,911		 Resources
expended
£
(152,439)
Resources
expended
£
(179,916)		 Balance at 31
March 2025
£
52,310
Balance at 30
April 2024
£
39,747

The specific purposes for which the funds are to be applied are as follows:

Unrestricted general funds are funds received for use by the Trustees in furtherance of the charitable objectives.

14 Analysis of net assets between funds

14 Analysis of net assets between funds
Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
General
£
2,816
56,853
(7,359)
52,310
Unrestricted
funds
General
£
3,797
39,231
(3,281)
39,747		 Total funds at
31 March
2025
£
2,816
56,853
(7,359)
52,310
Total funds at
30 April
2024
£
3,797
39,231
(3,281)
39,747

Page 16

Museum of Policing in Devon & Cornwall

Notes to the Financial Statements for the Period from 1 May 2024 to 31 March 2025

15 Analysis of net funds

15 Analysis of net funds
Cash at bank and in hand
Net debt
Cash at bank and in hand
Net debt		 At 1 May 2024
£
31,251
31,251
At 1 May 2023
£
65,592
65,592		 Financing cash
flows
£
22,311
22,311
Financing cash
flows
£
(34,341)
(34,341)		 At 31 March
2025
£
53,562
53,562
At 30 April
2024
£
31,251
31,251

16 Related party transactions

There were no related party transactions in the period.

Page 17