## **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<br>2<br>3<br>4<br>5<br>6<br>7<br>8<br>9|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**<br>**year**|**Name of person (or body)**<br>**entitled to appoint trustee (if**<br>**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**<br>**Address**|**Name**<br>**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 

**TAR** 

1 

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. 

**TAR** 

2 

March **2012** 



## **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. 

**TAR** 

3 

March **2012** 



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.||



**TAR** 

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**<br>**funds**||||**Restricted**<br>**funds**||||**Endowment**<br>**funds**||||**Total funds**|||**Last year**||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||**to the nearest**<br>**£**||||**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**<br>||||**6,610**||||**-**||||**43,088**|||**122,376**||
||||||||||||||||||||



|**A2 Asset and investment sales,**|||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**(see table).**|||||||||||||||||
|||**-**||||**-**|||**-**|||**-**|||||
|||**-**||||**-**|||**-**|||**-**|||**-**||
|**_Sub total_**||**-**||||**-**|||**-**|||**-**|||**-**||
||||||||||||||||||
|**_Total receipts_ **<br>**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**<br>**A5 Transfers between funds**<br>**17,287**<br>**A6 Cash funds last year end**<br>**54,936**<br>**_Cash funds this year end_                  46,745**||||**-               42,365**<br>**-               17,287**<br>**69,400**<br>**9,748**|||**-**<br>**-**<br>**-**<br>**-**|||**-               67,843**<br>**-**<br>**124,336**<br>**56,493**|||**70,959**<br>**-**<br>**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

## 

## 

##