Registered number: 02290819 Charty number.. 800074 ST. NEOTS MUSEUM LIMITED (A Company Limited by Guarantee) UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ST. NEOTS MUSEUM LIMITED (A Company Limited by Guarantee) CONTENTS Pa9e Reference and Administrative Details of the Museum, its Trustees and Advisers Ch•lrrnan'¥ Statement Trustees. Report Independent Examlnerfs Report Statgm8nt of Financial Activities 7-10 12 Balance Shoot 13-14 Notes to the Flnanclal Statements 15-30 ST. NEOTS MUSEUM LIMITED {A Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE MUSEUM. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2025 Trustegs R J Brittain Finance Officer until 30 April 2026 (resigned 30 Apnl 20261 E L Canlefbury (appointed 16 July 20251 L M Capper MBE G C R Chapman (resigned 19 January 20261 EBElam M Fletcher. Chairman J K Harrison (appointed 16 July 20251 S A Jack lappoinled 16 Juty 2025. resigned 20 May 20261 C J Jones J K Sinfiehj, Finance Officer from l May 2026 C Slade E St Hill Oavies C C Thompson Company re9lstered number 02290819 Charlty rogistefed number 800074 Reglstefed offlce 8 New Street Si Neols Cambs PE19 1AE Company secretary J K Sinfield Accountants Slfeels Chartered Accounlanls Potton House Wyboslon Lakes Great North Road Wyboslon Beds MK44 38Z ST. NEOTS MUSEUM LIMITED (A Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE MUSEUM. ITS TRUSTEES AND ADVISERS {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Bankers Barclays Bank PIC Leicester Servicing Centre Leicester Leics PE19 1AS Santander Bridle Road Bootle Merseyside L30 4GB Na￿￿51 Bank PIC 92 High Street Hunlingdon Cambs PE29 3DT Cambridge & Counties Bank Charnwood Coljrt 58 New Walk Leicesler LE16TE United Trust Bank Limited l Ropemaker Street London EC2Y 9AW ST. NEOTS MUSEUM LIMITED IA Company Limited by Guarantee) CHAIRPAAN'S STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2025 The chairman presents his slalemenl lor the year. 1. Objects of the Charity The objects ol the charity are set out in the Articles of Association of Sl. Neols Museum Ltd and are 'to advance the education ol the public in conservalion and the history of Sl. Neols. Cambridgeshire, and Ils immediate environs by the provision and Maintenan￿ of a museum. The Trustees reviewed the original Memorandum & Articles of Association (from 19881 and formally adopted an updated version ol Il In June 2019. 2. A Look back at 2025 2025 ha2 been o year ol $18bility and delivery for the rnujeurn. My chairman'5 Statement last year outllned the following live key priorities for the year agreed by the Truslees Delivery of the digilal des￿nS project This project ha5 been delivered and has resulted In significant Improvemenls being made lo the museums displays following the receipt of a major grant from the Highways Agency In the previous year. All the museum team have supported this project, this has been a key Inilialive where we have also made use ol the skills and expert15e of our museurn team and volunteers lo ensure we turned a proposal Into a physical reality. 11. Mainlaining 8 financial position of breakeven by year end This means that we are not looking to increase volumes /redesign "business as usual aclivities" such as talk￿ walks/ school visits elc unless we Identify funding shortfall. Al year end the Museum achieved an unrestricted surplus of £3,091. This achievement has been delivered by slabilising our year on year operating cosls through Improved cost Controls being pul In place, better rnanagemenl of our long term contract5 Including benelilin9 from the inslallalion of solar panels on the rnuseum roof and Identifying new Income streams primarily through partnerships with other organisalions. 111. Delivery oi the showcasing local treasurBs display. If we gel the requifftd fundlng then this is lo happen in the 58Gond half of 2025 arter we have completed the dwilal des￿nS project. We achieved our funding target of £25.000 after a successful fundraising campaign led by the Friends of the Museum and delivery of the project has commenced. IV. Support Ihe evaluations requirpd for the Opltons sludy and Community engagemenl review. This is being led by two of our Iw5fees. In 2025 we carried out a feasibility study looking at options for the development of the rnuseum and the Boarcl ol Trustee5 have agreed an outline plan for the expan510n of the existing museum sile. Prior lo seeking major Inveslwnenl lo carry our the redevelopment we are Implementing a public consullalion exercise In 2026 In line wrth our audience engagement plan, completed In 2025. V. Obtain funding for the "Access for All Project". This project ￿11 deliver a range of IMp￿VeMentS lo our museum building lo ensure our facilities are accessible to all and the inlenlion is this will be profflinenlly funded through laoeled grants We had been successful this year In obtaining a £10,000 grant to Improve accessibility. A plan is in place lo carry out a number of Improvements to our fixtures and fittings within the building lo improve accessibility in our museum Including repla￿ment of our stairlift and the redesign of our reception area. ST. NEOTS MUSEUM LIMITED IA Company Limited by Guarantee} CHAIRMAN'S STATEMENT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 To the credit ol the museum staff. volunteers. and trustees the museurn delivered, during 2025, a 5ucces5ful and varied schedule ol workshops. events and learning programmes and expanded our on-line activities whilst 51111 rnainlaining our financial position with a nominal Increase in our day lo day costs. Organisalionally Ihe recruilrnenl ol a new Media and Marketing Manager has taken place and the new appointee will lead on the promotion of the museums and Ils events. 3. Key relationships with other organisations lal Sl. Neols Town Council The premises occupied by the Museum are leased 135 years from 20201 from the Town Council with a peppercorn rent and an ob51galion on the landlord lo maintain the building In good condition. with the Museum responsible for ils Interior decoration. The Council also provides a substantial Conlribulion toward5 the Museum's running costs. Wilhoul the ongoing support ol the Town Council, the Museum would have great difficulty In providing the services lo meet ils obligations. Our yearty grant from Sl Neols Town Council was for £67 700 la year on year Increase o17.30/DI 8nd our request lo increase the grant lor 2025126 10 £75.20Q has been approved by the Council. In addition, funding 01 £13.000 was allocated by the Town Council lo support maintenance of the museum buildings. The Tru51ee5 are grateful lo the Town Council. which is the principal financial supporter of the Museum, and the Trustee5 are commilled lo ensuring all residents ol Sl Neols and the surrounding p?rishe5 continue lo gain access lo the Museum lor free and that we provide the events. exhibitions and aclivilie5 which ensure the Museum is placed In the heart of the community of Sl Neols and the surrounding villages. bl The Friends of Sl. Meols Museum The 'Friends' are 8 separate and Independent bo(ty dedicated lo supporting the work of the Museum through fundraising and advocacy In the local community. The Friends aim lo ensure Ihal the Museum can continue lo showcase the ri¢h herilage ol the Sl Neols area. support the Museum's work with a wide variety of community groups including schools and young people and champion the stories of local people and places revealed through the Museum's colleclion5. During 2025. Ihe Friends organised the Round Table Santa Sleigh Run, Museum Open day, 8 World War 2 talk and the Christmas Draw. The Friends of the Museum led on a lundra151ng campaign to enable the museum lo showcase our local Iieasures and successfully achieve obtaining donations lo achieve the funding target of £25.000. The Trustees acknowledge the important role the Friend5 play in the life of the Museum and the financial contribution that they make lo It and recognise that the support of the 'Fnends' will be even more important and vital lo aid any future redevelopment of the Museum. cl Sl Neols Museum Volunteers As Chair of Trustees, I want lo acknowledge that the willing participation of the Volunteers is an e55enlial element in the continued success of the Museum. Thanks goes lo the hard-working Volunteers who keep the Museurn shipshape and tidy. provide a wami welcome lo our v1511ors, SUPFK)rt the workshop5 and event5 held al the museurn, attend external events as supporters an¢J promoters of the museurn, improve the facilities that the museum provides as well as carrying out cataloguing. research. and archival work lo ensure our collection is well managed They bring a wide range of skills and expertlse and their experience and enthusiasm helps support work of the highest quality. A total of 42 unpaid volunteeis are involved in supporting the museum donating 5,278 volunteer hours In 2025. ST. NEOTS MUSEUM LIMITED {A Company Limiled by Guarantee) CHAIRMAN'S STATEMENT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 4. 2025 Activities and Programmes 4.1 Museurn Activities and Events and the Collection In 2025 we had 11,685 visitors lo the Museum. In ad(Jrtion. we e51imale about 1, 100 visitors attended the Living Hi510ry Festival In September on the Market Square and many more people Inleracled with the Museum throu9h our website and other outside evenls and aclivilies. In the Tempoiary Exhibition Gallery in March and April, we held our first Arts Season al the museum promoting the work of three local artists, a very successful Marble Run family event was held during the summer holiday5 and Ihe afvRy5 popular Winter Craft ancj Gift Fair. In the yeaf We held a partnership exhibition with local scouting groups and exhibition5 to commemorate the 80th anniversary of VE day. 2025 was also the 30th anniversary for the museum and lo celebrate this major milestone a special exhibition was held in September with the showing ol favourile objects from the rnuseums, collections. During 2025 we provided 17 walks around Sl Neols town cenlre. promoting the history of our market town, with 150 people attending these w31ks. Essential lo the Museum are the objects. photographs and ephemera we collect as part of our core work preserving the heritage and culture ol the area and our lolal collection consists 0114,768 individual items. The photography collection was re-organised by theme lo help with Inquiries This was a mammoth task bul should be well worth Il in Ihe lorsg run. We have made Investments In 2025 lo protect our collections lo ensure they are accessible lo lulure 9eneralions. In particular we plan lo carry out a project ulilising a grant of £1.487 from Museum Development Southeast lo improve the e8re and Storage of the costume collection and delivered projects In 2025 to remove hazardous materials and improve the rnoniloring systems linked lo our collections In addition. a display eabinel in the Village Lile Gallery ha5 been refurbished lo become a Community Cabinet foi temporary displays for local groups and socielEs. 4.2 Learning Programmes The formal learning progTamme saw 410 pupils from local primary schools visit the Museum for local history units lecl by the Learning Officer including small group visits from Samuel Pepys special education school and Riverside Meadows Academy. a Social, Emotional and Mental Health ISEMHI specia5isl school. We are looking lo expand the learning programme lor schools and our support ol dementia group5 in the area. Family informal learning was supported by 22 family craft workshops In the school holidays. free Museum trails, toddler limes 110 evenlsl. a twilight at the museum event and resources lo support family Museum visits. The sumrner workshops were part ol the University ol Cambridge 'Summer with the Museums. programme which supports regional MuseuTns To support our commercial posilKJn. we offer our Court Room lo local community organisalions for their workshops. events, and meetings 2025 was our most successful year regarding 3rd paty booking5 with the room hired for a lolal of 296 hours which brought In Incremenlal Income of £4,111 nearly double our start of year expeclalions. We continue to hold even15 at the museum lo support the local Coffee Pot dementia group. S. Museum Governance In term5 of our governance structure, we continue with hokjing quarterly Iruslee meetings which are supported by three working groups. All three working groups are now well established and have delegated authority for the execution of our strategic prionties. management of risks, delivery ol our annual Iimelable ol commilmenls, and individually promotion of the museum. looking for Investment opportunities, financial monitoring and museum operations. reviewing policies and museum orgar.isa&lOn. ST. NEOTS MUSEUM LIMITED IA Company Limited by Guarantee) CHAIRMAN'S STATEMENT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 In relation lo Iruslee Tecruilmenl, three new Iruslees have joined the Board in 2025 who bring to the team new skills and leadership. One Iruslee has retired from the Board after nearly 20 years, service as a trustee and the Board thank him for his commitment and keen legal knowledge. 6. Financial Position and The Charity's Reserves The lolal unre5tricled fund$ hehd by the Chanlable Company at year end are £54,380. The Trust's current reserves policy Is lo have a minimum of £50.000 cash reserves on han¢J lo cover the changes in cash flow during the year and lo cover any unforeseen issues. The reserves in our unreslricled account al the end 012025 represent about 6 months, worth of expenditure. Credit is due lo the Financial Team for Ils detailed fund rnanagemenl and regular reporting lo the Trustees which has enabled the Museum to slabilise our financial Position against a background of the museums locus on the delivery ol key Inlraslruclure Improvement projects. One ol our agreed strategic aims is to be more financialty resilient and grow Our revenues ensuring the Museum maintains sufficient cash reserves lo underpin the long-lerm future ot the Museum and broadens the scope of Museums Investments lo achieve ils objectives. In 2025 we continued lo widen the 50urces of funding by seeking Investment opportunities outside of our previous 5UPPQrt organi5alions. The funding secured has been predominately ulilised lo update our museum display5, improve the management of our collections, develop our IT capabilitie5 and lo cornrnence a programrne of work to enable the museum to showcase our local treasures which are currently held In secure storage. In summary, the Board considers the overall financial performance of the Trust lo be salisfaclory. We are grateful lo Ihe whole staff and volunteer team who contributed lo the performance and for 311 their effort and passion. 7. The Futur• The Board of Trustees continue lo align our priorities to Ihe forward plan. The agreed prioritie5 for 2026127 are.. Positioning the museum lor growih partnership and lulure Investment. 11. Delivery of a new Early Hislory Gallery following a successful funding campaign led by the Friends ol the Museum 111. Complelion of the Access for All project following receipt of a grant from Thalialcambridge Community Fund IV. Continuing financial discipline lo achieve a break -even fi'nancial position al year supplemented by the launch ol a legacies funding campaign to improve the museums financial reserves We have agreed a programrne of key projects to deliver during 20261?nd beyond) and l am grateful lo my fellow Truslees for their continued help and support through what Is a very ambitlOLIS programme In terms of what we have set out lo achieve. M Fletcher Chairman Date 15 July 2D26 ST. NEOTS MUSEUM LIMITED IA Cornpany Lirnited by Guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees present their annual report together with the financial statements ol the Museum lor the year from 1 January 2025 10 31 December 2025. The Annual Report serves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confirm thal the Annual Report and financial slalemenls of the charitable company comply wlh the current stalulory requiiemenls the requirements of the charitable company's governing document and Ihe provisions ol the Stalernenl ol Recommended Practice ISORPI applicable lo charities preparing their accounts In accordance wlh the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS1021 leffectsve 1 January 20191 Since the Museum qual>fies as small under section 382 of the Companies Act 2006. the Strategic Report required ol medium and large companies sjnder the Companie5 Act 2006 Islralegic Report and Directors, Report) Regulations 2013 has been omilled. Objectlves and activities a. Polici•$ and objectives The object set out In the Memorandum and Articles of association is to advance the education of the public in conservation and the history of Si Neols. Cambridgeshire and its immediate environs by the provision and rnainlenance of a museum. In selling objectives and planning lor activilies. the Tru51ee5 have given due consicleralion lo general guidance published by Ihe Charity Commission relating lo public beneAI, includin9 the guidance 'Public benefit.. running a charity IPB21' b. Maln activitles undtrrtakon to further the Museum's purposes for the public benefit The charity provides opportunities lor artifacts lo be preserved and displayed for the benefit of the local community. The Museum is open lo Ihe general public lor general viewing ol slalic displays or participation In spec1alisl events anrj workshop5. Local residents can visil Ihe Museum free of charge, with donations In lieu of entrance lees being requested lor other visitors. Schools and community group5 are able lo visit the Museum as part of their educational aclivilie5 and they also have access lo b¢xe5 of artifac15 on a range of topics. wh￿h enable a hands-on approach to learning. Achlevernent5 and performance Main achievernents of the Museum The review of the Museum's activ"rties and pertormance is given In the ChaiTman's Report. ST. NEOTS MUSEUM LIMTTED IA Company Limited by Guaianteel TRUSTEES. REPORT ICONTINUEOI FOR THE YEAR ENDED 31 DECEMBER 2025 Financial review . Going concern The charity continues to receive an annual grant from Sl Neols Town Council and also has a good level of general reserves to 5UPPOrt the day lo day activities. After making appropriate enquiries, the Trustees have a reasonable expectation that the Museurn has adequate resources lo continue In operational existence for the foreseeable fulure. For this rea50n. they continue lo adopt the going concern basis In preparing the financial statements Further details re9arding the adoption ol the going concern ba51s can be found in the accounling policies. b. Reserves policy The Trustees seek lo maintain Sufficient unre51ricled reserve5 to cover six lo nine months running costs, excluding depre¢ialion with the desired level ol general funds eslimaled al £50,ODO12024 £50,000). The actual level of unreslricled reserves wa5 £54,380 al the reporting dale12024 £51.2891. The Trustees consider that the museum's assets are suffi'cient to meet ils obligations and the level ol unreslricled funds Is adequate lo cover the day to day requirements ot the museum lor the forthcoming year. . Overview The museum has reported an overall delicil of £6,884 lof the year 12024 surplus of £31,574) comprising surplus on unreslricled activities of £3.091 and a delicil 01 £9.975 on reslricled lund5. Reslricled Income includes grants and fundraising for specific projects where the expenditure will be Incurred In future accounting periods. The Iruslees continue to prepare detailed bLJdgels. and lo approve and monitor spending on the running costs for the museum, in addition lo managing specific projects and enhancements lo the museum's facilities and displ8yS. Structuro, governance and management a. Constitution Sl. Neols Museum Limited Is registered as a charitable company limited by guarantee Icompany registration number 02290819, charity number 8000741 and was set up by a Memorandum of Association on 30 August 1988. The Articles of Association were updated on 27 June 2019. b. Methods of appolntment or election of Trustees The management of the Museum is the reswnsibility of the Trustees who are elected and co-opted under the terms of the Memorandum ol Association. . Organisational structure and decision-making pollcies The éireclors who seNed the charity dunng the year are sel out on page 1_ The directors are also the trustees for the purposes of charity law Day to day resFM)nsibility lor the running of the Museum is undertaken by the trustees and senior paid slaff. ST. NEOTS MUSEUM LIMITED IA Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUEOI FOR THE YEAR ENDED 31 DECEMBER 2025 structure, governance and rnanagernent (continued) d. Pay policy for key management personnel The charity sets rates of pay which are commensurate with the roles and responsibilities of each slatt member Details of the remuneration paid lo key rnanagemenl personnel are given in note 11. e. Related party relationships In addition lo the groups listed In the Chairman's Report, the charity's trustees are also. individually, involved in a number of other bu51ne55e5 and organisalions, but there are not any related paty transactions requirin9 d15c105ure in the account5. f. Flnanclal risk management The Truslees have assessed the maior risks lo which the Museum is exposed. in particular those related lo the operations and finances ol the Museum, and are satisfied that systems and procedures are In place lo mitigate our exposure lo the major risks wherever possible. Plans lor future perlods As sel out In the Chairman's Repon. the trustees continue lo look al different ways lo enhance the Museum and to seek lo ensure the charity ha5 appropriate management and resources lo coniinue lor the foreseeable future. Members. Ilability The Members ol the Museum guafanlee to contribute an amount not exceedin9 £1 lo the assets of the Museum In the event ol winding up. statement of Trustees. responsibilities The Trustees (who are also the directors ol the Museum for the purposes ol company lawl are responsible for preparing the Trustees, Report and the financial slalemenls In accordance with applicable law and United Kingdom Accounting Standards (United Kingdom General￿ Accepted Accounting Praclieel. Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees musl not approve the financial slalemenls unless they are satisfied that they give a true and fair view ol the slate of affairs of the Museum and of Ils Incoming resource5 and application of resources, including its Income and expenditure, for that period. In preparing these financial stslemen15. the Trustees are required lo. select suitable accounting policies and then apply them eonsislently." observe the methods and principles of the Chanlies SORP IFRS 1021. make judgments and accounting eslimales that are reasonable and prudent". slate whether applicable UK Accounting Standards IFRS 1021 have been followed. subject to any material departures disclosed and explairsed in the financial stalemenls.. prepare the financial stslemenls on the going concern basis unless it is inappropriate lo presume that the Museum will continue in business. ST. NEOTS MUSEUM LIMttED IA Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Statement of Tru5tees' responsibilities ICONTINUEDI The Tru51ees are respon51ble for keeping adequate accounting records that are sufficient to show and explain the Museum's transactions and disclose with reasonable accuracy al any b'me the financial position of the Museum and enable them lo ensure that the financial slalemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Museum and hence for takin9 reasonable steps lor the prevention and detection of fraud and other irregulanties. Approved by order of the members of the l)oard of Trustees and signed on their behalf by. M Fletcher Chairman Dale 15 July 2026 ST. NEOTS MUSEUM LIMITED (A Company Limited by Guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Independenl Examingr's Report to the Trustees of St. Neots Museum Limited {'the Museum'l We report lo the charity Trustees on our examination of the accounts of Ihe Museum for the year ended 31 December 2025. Responsibilities and Basis (rf Report As the Trustee5 of the Museum land 115 director5 for the purposes of company lawl you a.'e responsible for the preparation of the accoun15 In accordance with the requirements of the Companies Act 20061'lhe 2006 Acl'l Having satisfied ourselves Ih81 the accounls of the Museum are nol required lo be audited under Part 16 of the 2006 Act and are eligible for indepcndonl examination, we report in respect of our examination of the Museum's accourils carried out under section 145 of the Charities Act 2011 ('Ihe 2011 Acl'l. In carrying out our examination we have followed Ihe Direclions given by the Charity Commission under section 145{5}ltrl of the 2011 Act. Independent Examiner's Statement We have cornpleled our examination We confirTn that no matters have come lo our attention in connection with the examination giving us cause to believe.. accounting records were not kepl in respecl of the Museum as required by section 386 of the 2006 Act,. or the accounts do not accord wilh those record5,' or 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 'lrue and fair, view which Is not a matter con51dered as part ol an independent examination., or the accoun15 have not been prepared in accordance with the methods and principles of the Sialemenl of Recofflfflended Practice for accounting and reporting by cnarities lapplicable lo charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. We have no concerns and have come across no other mallers In cor,neclion with the examination lo whictt allenlion should be drawn In Ihis report In order lo enable a proper underslanding of Ihe accounts lo be reached. This report is made solely lo the Museum's Trustees. as a body. In accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our work has been undertaken so that we might slate lo the Museuffj's Truslees those mallers we are required lo stale lo them in an Independent Examiner's Report and lor no other purpose. To the fullest exlenl pemitted by law. we do not accept or assume responsibility lo anyone olhef than the Museum and the Museum's Trustees as a body. for our work or for this report. Signed.. Linda J Lord Dated." 24 July 2026 BSC, BFP, FCA, TEP Streets Chartered Ac￿untants Potton House, VVyb051on Lakes. Great North Road, Wyboston. Bedford MK44 3BZ ST. NEOTS MUSEUM LIPIIITED IA Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVlnES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 DECEMBER 2025 Unrestricted funds 2025 Restricted lunds 2025 Total funds 2025 Tolal funds 2024 Note Income from: Donations and legac￿5 Charitable activities Other trading activities Investments 16.150 86,061 11.223 1.437 1J,897 4,905 30,047 90,966 11,223 1,437 21,911 119,387 13, 542 1,368 Total Incom¢ 114,871 18,802 133,673 156, 208 Expenditure on.. Raising funds Charitable activities 5.925 104.706 5.925 134.632 9.231 115.403 29.926 Total expenditure 110,631 29.926 140.557 124.634 Net incomellexpendtturel Transfers betsveen funds 4,240 11,1491 111,1241 1.149 16,8841 31,574 18 N•t movement In funds 3,091 19,9751 16,8841 31,574 Reconciliation of funds: Total funds brought fomard Nel movement In funds 51.289 3,091 69,707 19.975) 120,996 16,884 89,422 31,574 Total funds Carried forward 54,380 59,732 114,112 120.996 The Slalemenl of Financial Activities include5 all gains and losse5 recognised in the year. The notes on pages 15 10 30 form part of these financial slalements. ST. NEOTS MUSEUM LlkllTED {A Company Limited by Guarantee) REGISTERED NUMBER: 02290819 BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Note Flxed assets Tangible assets Heritage as5els 13 14 12.316 22.747 9.420 22,74T 35.063 32,157 Currgnt ag••t• Stocks Debtors Cash al bank and In hand 8,101 7.1 S3 72,673 7.323 4,619 84.315 16 87.927 96,257 Current IlabSlltles Creditors.. amounts falling due within one year 17 18.87B) (7,428) Net current a$$¢ts 79,049 88,829 Total net assets 114.112 120, 996 ST. NEOTS MUSEUM LIMrrED IA Company Limited by Guarantee) REGISTERED NUMBER: 02290819 BALANCE SHEET ICONTINUEDI AS AT 31 DECEMBER 202S 2025 2024 Note Charity lunds Reslricled fund5 18 S9.732 54,380 69. 707 51,289 Unreslricled funds 18 Total funds 114,112 120, 996 The Museum was enlided lo exemption from audit under section 477 of the Companies Act 2006. The members have not required the company lo obtain an audit lor the year In question In accordan¢e with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements ol the Act with respect to accountin9 records and preparation of financial statements. The financial slalemenls have been prepared in aceordance with the provision5 applicable lo entities subject lo the small companÈs regime. The financial slalernents were approved and aulhorised for issue by the Trustees and signed on their behalf by". M Fletcher Chairman Oat8 15 July 2026 The notes on pages 1 S 10 30 form part of these financial slatemenls. Pa e14 ST. NEOTS MUSEUM LIMITED IA Company Limiled by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2025 General information The charitable company is a company limited by guarantee registered in England and Wales. The address of the registered office is 8 New Street, Sl Neols, Cambridgeshire, PE19 1AE. The accounts have been prepared in sterling. Th15 IS the functional currency ol the entity. Accounting pollcles 2.1 8a¥is of prgparatlon of financial stalements The financial slalements have been prepared in accofdanee with the Chari11e5 SORP IFRS 1021 Accounting and Reporting by Charilies Slalemenl ol Recommended Praclire applicable lo charities preparing their accounts In accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 leffeclwe 1 January 20151, the Financial Reporting Standard applicable In the UK and Republic ol Ireland IFRS 1021 and the Companies Act 2006. Sl. Neols Museum Limited mee15 the definit￿n of a public benefit entity under FRS 102. Assets and liabilities are Inilialty fecognised al hIstor￿al cost or transaction value unless otherwise slated In the relevant accounling policy. 2.2 Golng concern The trustees have a reasonable expectation that the museum has adequate re$our¢e$ lo continue in cperalional existence lor the foreseeable lulure. For this reason they continue lo adopt the going concern basis In preparing the Iinancial stalemenls. 2.3 Fund accounting General funds are unreslncted funds which ale available lor use al the discretion of the Trustees in furtherance Df the general obieebves ol the Museum and which have not been designated for other purposes. Reslricled funds afe funds which are lo be used in accordance with Specific restrictions Imposed by donors or which have been raised by the Museum for particular purposes The CD51s ol raising and administering such funds are charged against the specific fund. The aim and use of each reslricled fund is sel out In the notes to the financial statement5. 2.4 Income All income is recognised once the Museum has enlillemenl to the Income, Il Is probable that the income will be received and the arnount of Income receivable can be measured reliably. Income lax reeoverable in relation lo donations received under Gift Aid Is recognised at the time of the donation. ST. NEOTS MUSEUM LINtTTED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 202S Accounting policies (continued) 2.5 Expenditure Expenditure Is recognised once there 15 a legal or construclive obligation to ITansfer economic benefit to a third paty, Il Is probable that a transfer of economic benefits will be required In selllemenl and the amount of the obligation can be measured reliably. Expenditure on raising funds Includes all expendilufe Incurred by the Museum ID raise funds for Ils charitable purposes and Indudes costs of all fundraising activities events and non