2022-01-31-accounts

Trustees' Annual Report for the period

Period start date

Period end date

1st February 2021 31st January 2022

From

To

Section A Reference and administration details

Charity name Steamship Freshspring Trust Other names charity is known by Steamship Freshspring Society Registered charity number (if any)) 1151907 Charity's principal address Little Cleave Lower Cleave Northam, Devon Postcode EX39 2RH

Registered charity number (if any)) 1151907

Names of the charity Trustees who manage the charity

	1 2 3 4 5 6 7 8 9	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (if any)
		Stephen A�enborough	Conservator/Secretary
		Anne Budd	IT support
		John Cooper		01/02/2021 - 21/01/2022
		Huw Davies	Educa�on
		Brian Gooding	PR/publica�ons	12/05/2021 - 31/01/2022
		Richard Ker	Membership
		John Puddy	Chair/Educa�on
		Annemarie Shillito	Fundraising
		Simon Ta�ersall	Deputy Chair/Treasurer	01/02/2021 - 31/12/2021

Names and addresses of advisers (Optional information)

Type of adviser	Name Address	Name Address
Patron	Earl A�lee	House of Lords, London
Patron	Nigel Guild
Patron	Kevin Slade

Name of chief executive or names of senior staff members (Optional information)

Charlo�e Squire Project Manager

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March 2012

Section B Structure, governance and management

Description of the charity’s trusts

Cons�tu�on adopted 10[th] April 2013

Type of governing document

(e.g. trust deed, constitution) Charitable Incorporated Organisa�on (CIO) How the charity is constituted

• (e.g. trust, association, company)

Trustees are appointed or reappointed annually at the Annual General Mee�ng Trustee selection methods

• (e.g. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

• policies and procedures adopted for the induction and training of Trustees;

• the charity’s organisational structure and any wider network with which the charity works;

• relationship with any related parties;

The Steamship Freshspring Trust is a member of the Mari�me Heritage Trust, which provides regulatory support regarding vessel cer�fica�on and crew training issues.

Membership of Associa�on of Independent Museums, suppor�ng training, governance and inclusion.

All Trustees give their �me voluntary and receive no remunera�on Trustees have individual responsibili�es alongside overall governance of the Charity in order to achieve objec�ves.

Trustees regularly a�end training as appropriate to ensure development of the aims and governance of the Trust.

The Trust has a collabora�ve approach towards developing construc�ve rela�onships with organisa�ons with similar aims. Primarily mari�me heritage, disadvantaged groups, industrial heritage and educa�on.

Governance policies cover risk and the responsibili�es of Trustees.

• Trustees’ consideration of major risks and the system and procedures to manage them.

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Section C Objectives and activities

Summary of the objects of the charity set out in its governing document

To advance the educa�on of the public through the preserva�on and opera�on of a historic steamship, and the promo�on of mari�me studies par�cularly amongst young people for the public benefit.

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that Trustees have had regard to the guidance issued by the Charity Commission on public benefit)

In planning and carrying out our ac�vi�es for the year we kept in mind the Charity Commission's guidance on public benefit at our Trustee mee�ngs. Through Associa�on of Independent Museums (AIM) Trustees work to increase awareness of industrial heritage, engineering, mari�me heritage and the delivery of educa�on leading to increased awareness of heritage and posi�ve career choices.

Through increasing Trust membership, the Trust increases delivery poten�al and engages a progressively wider audience in apprecia�on of mari�me heritage and employment opportuni�es.

Through a range of public ac�vity with statutory authori�es, Bideford Bay Chamber of Commerce and event par�cipa�on, members deliver a posi�ve message about heritage and opportuni�es within the mari�me and engineering sectors.

Additional details of objectives and activities (Optional information)

You may choose to include The Trust has three part �me employees, a Project Manager, Community further statements, where Learning Officer and a Marke�ng and PR Officer for 1 day per week, otherwise is relevant, about: dependent on volunteer par�cipa�on to achieve its objec�ves. A dedicated Trustee board progressively increases Trust Membership and volunteer ac�vity  policy on grantmaking; both physical and academic. This leads to compounding engagement and  policy programme related increasing par�cipa�on. investment;

• contribution made by volunteers.

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Section D Achievements and performance

Summary of the main achievements of the charity during the year

The Trust over the past year has:

	Ac�vely raised funds to enable the Trust to con�nue to exist, covering
	statutory costs and losses due to Covid-19
	Provided support for Volunteers during the Covid-19 period and has
	engaged new volunteers to take care of the ship and con�nue restora�on
	and to manage the Trust
	Gained considerable editorial in many prominent publica�ons
	Drama�cally improved awareness of our historic ship through media,
	publica�ons, and websites
	Engaged with Heritage Lo�ery Fund to pursue further major funding
	Worked with other Trusts and educa�on providers to understand and
	deliver the implica�ons of our objects
	Gained partnerships with educa�on and employment providers
	Carried out considerable research into the history of the ship and her sisters
	A�ended many mee�ngs and training events to be�er understand the
	management/governance of the project
	Developed a rolling ten year business plan and budgets
	Created high quality leafets and a quarterly printed magazine.
	Created an onboard tour guide for public learning.
	Developed our rela�onships with complementary organisa�ons in Devon.
	Engaged a fundraising consultant to assist with ongoing major project
	funding
	Engaged in Zoom supported public speaking and public events
	Ac�ve Chamber of Commerce par�cipa�on
	Galvanised a prominent support network in Devon
	The ship was closed for part of 2021 but open during periods of covid
	relaxa�on. The ship would normally be open on a regular basis and
	promoted group visits to ensure public engagement.
	We encouraged school ship visits again in 2021 when possible.
	We engaged a part �me Community Learning Ofcer to work in the community,
	schools and colleges.
	We engaged a part �me PR Ofcer.
	In 2021 we were able to re commence delivery of a mainstream primary
	school project in local schools
	Carried out public surveys to be�er understand public interest in mari�me
	heritage.
	We improved on board interpreta�on and informa�on.
	Posi�vely engaged with local authori�es to achieve recogni�on and support
	of the project
	1stdelivery of Virtual Reality project.
	Achieved a major project with local college, which is ongoing.
	Staf and Trustees engaged in digital training to prepare for the future.
The Trust is now linking with a range of partner organisa�ons that will be
mutually helpful and indeed we hope to posi�vely develop this commitment,
we	also believe that the ship and the educa�onal aspects of the project have a
sound future.

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March 2012

4

Section E Financial review We hold cash at the bank at 31st January 2022 of £56,493 of which is £46,745 is unrestricted fund5 3nd £9.748 is restritted. The'Restricted' funds a￿ made up of contrartual debts due but not yet pard. money received towards specific projects not yet started or progress. The unrestricted fiJnd5 are held in order to meet planned expenditure Imoodng fees, insijrance. essential repair works and elettrlcity costs etc.) Designated funds are accuffltslated to cover unforeseen expenditure that may occur, for example, emergency hull repairs and S year dry docking of the ship. Brl8f statement of the harty's policy on reservos Details of any funds materially In deflclt Not applicable Further financlal review details (Oplional Inforniation) Our main source of funds thi5 year has been grants to enable the Trust to survive the closures imposed by Covid. Without these grants it 15 questionable whether the Trust would have survived. Donations were down by 75% and there was a reduction in ship costs due to closure. However. due to accumulation of d￿l￿ated fufids, the Trustwas able to succe55fullv conduct the 5 yearfy dry d¢xking of the shlp In 2021. You may choose to include additional information. where relevant about: the chanty's principal sources of funds (including any fundraisingl., how expenditure has support&Y the key objectives of the charity-, inveslment policy and objectives including any ethical investment poliLy adopted. Section F Other optional information The Trustees have been united in delivering achievements which would be creditable in a much larger and more established organisation. This ongoing dedl¢ation creates a very positive future forthe delsvery ability of the Trust. The last two years have been challenging due to Covid-19 restrictions, howeverthe Trust has been achve in preparing ft)r the fLrture, conducting essential studies, engaging in training and raising funds to enable a healthy 5urvNial and opening to the public safely. Section G Declaration The Trustees declare that they have approvad the Trust8as' rèport above. Signed on behalf of th& charlty's Trustees Sign*urels) Full namels John Puddy Stephen AttenbC￿￿h Posltlon19g Secretary. Chalr etc Chalr Secretary Da 3J/o9 TAR Marth 2012

Charity Name No (if any) Steamship Freshspring Trust 1151907 Receipts and payments accounts For the period Period start date Period end date To from 1st February 2021 31st January 2022

CC16a

Section A Receipts and payments

Unrestricted Restricted Endowment funds funds funds

Total funds Last year

		Unrestricted funds				Restricted funds				Endowment funds				Total funds			Last year
		to the nearest £				to the nearest £				to the nearest £				to the nearest £			to the nearest £
A1 Receipts
Grants		19,776				6,610				-				26,386			109,349
Donations		10,916				-				-				10,916			5,776
Membership		3,893				-				-				3,893			4,074
Gift Aid		1,646				-				-				1,646			2,768
Other		247				-				-				247			409
		-				-				-				-			-
		-				-				-				-			-
		-				-				-				-			-
Sub total(Gross income for AR)		36,478				6,610				-				43,088			122,376

A2 Asset and investment sales,
(see table).
		-				-			-			-
		-				-			-			-			-
Sub total		-				-			-			-			-
Total receipts A3 Payments		36,478				6,610			-			43,088			122,376
Grant Expendirure		3,035				-			-			3,035			37,277
Fundraising		539				520			-			1,059			1,666
ShipCosts		16,555				365			-			16,920			1,192
Insurance		4,392				-			-			4,392			2,766
Trustee / Volunteer costs		326				-			-			326			305
Salarycosts		31,201				11,195			-			42,396			5,922
Professional costs		4,103				35,195			-			39,298			640
Membership		1,230				815			-			2,045			1,286
Other		575				885			-			1,460			363
**Sub total **		61,956				48,975			-			110,931			51,417

Sub total 61,956				48,975			-			110,931			51,417
A4 Asset and investment
purchases, (see table)
-				-			-			-
-				-			-			-
Sub total -				-			-			-			-
Total payments 61,956				48,975			-			110,931			51,417
Net of receipts/(payments) - 25,478 A5 Transfers between funds 17,287 A6 Cash funds last year end 54,936 Cash funds this year end 46,745				- 42,365 - 17,287 69,400 9,748			- - - -			- 67,843 - 124,336 56,493			70,959 - 70,959

Section B Statement of assets and liabilities at the end of the period UnreBtricted funds to nèarest£ Restricted funds Endowment funds to n•arest£ Laiegorie8 81 Cash fund$ Bankknuutrt 9.T48 46,745 Tot81 e8sh funds 9,748 46.745

XwNS}I Unrestrlcled funds to nearest É R8Strict8d fund$ to r￿arest£ Endowment funds to neare¥t£ DÈtails tov1h￿h ¥$8Ot bplon Costloptlonall Currontvalug onal Detall$ 83 Inv•stment assets Fund towh*h as￿ bèlon Details cost(Op￿On3I} Currentvalue onal B4 Assets retained for the charity's own use Fund to whlch Arnwnt dthi Whèn l)etslls BS Liabilities Signed by one or hvo trustees on behalf of all the trustee5 Sign&ture Print Name Date of roval J <9 Hrtj Stephen Attenborough 1610412022 CCXX R2 accounts ISSI 0110412022