2023-01-31-accounts

Description ofthe charity's trusts	Description ofthe charity's trusts
	Type of governing documen	onstitution adopted 10~April 2013
	How the charity is constitute	haritable Incorporated Organisation (CIO)
	Trustee selection method	Trustees are appointed or reappointed annually at the Annual General Meeting
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:		The Steamship Freshspring Trust is a member ofthe Maritime Heritage Trust, which provides regulatory support regarding vessel certification and crew training issues. Membership ofAssociation ofIndependent Museums, supporting training,
~	policies and procedures	governance and inclusion.
	adopted for the induction and	All Trustees give their time voluntary and receive no remuneration.
	training ofTrustees;	Trustees have individual responsibilities alongside overall governance ofthe
~	the chanty's organisational structure and any wider network with which the charity works;	Charity in order to achieve objectives. Trustees regularly attend training as appropriate to ensure development aims and governance ofthe Trust. The Trust has a collaborative approach towards developing constructive	ofthe
~	relationship with any related parties;	relationships with organisations with similar aims. Primarily maritime heritage, disadvantaged groups, industrial heritage and education. Governance policies cover risk and the responsibilities ofTrustees.
~	Trustees' consideration of
	major risks and the system
	and procedures to manage
	them.

	~ ~ ~ e
Summary ofthe objects ofthe charity set out in its governing document	To advance the education ofthe public through the preservation and operation ofa historic steamship, and the promotion ofmaritime studies particularly amongst young people forthe public benefit.
	In planning and carrying out our activities for the year we kept in mind the
	Charity Commission's guidance on public benefit at our Trustee meetings.
Summary ofthe main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that Trustees have	Through Association ofIndependent Museums (AIM) and other professional bodies, Trustees work to increase awareness ofindustrial heritage, engineering, maritime heritage, and the delivery ofeducation leading to increased awareness ofheritage and positive career choices. Through increasing Trust membership, the Trust increases delivery potential and engages a progressively wider audience in appreciation ofmaritime
had regard to the guidance issued by the Charity Commission on public	heritage and employment opportunities, particularly within engineering. Through a range ofpublic activity with statutory authorities, Voluntary organisations and event participation, members deliver a positive message
benefit)	about heritage and opportunities within the maritime and engineering sectors,
	with an aim to influence career choice amongst young people.

dditional details ofobjectives	dditional details ofobjectives	and activities (Optional information)
You may choose to include further statements, where		The Trust has two part time employees: an Operations Manager and a Community Learning Officer and pays for freelance support for social media and
relevant, about:		media communications support as needed plus freelance fundraising support
~ policy on grantmaking;		for larger bids to trusts and foundations. The Trust is otherwise dependent on volunteer participation to achieve all its objectives. Adedicated Trustee board
~ policy programme	related	progressively helps grow the membership and volunteers in a wide range of
investment;		capacities both physical and academic. This leads to compounding engagement
~ contribution made	by	and increasing participation.
volunteers.

~	~		r ~ ~ ~ r
Summary	ofthe main	The	Trust over the past year has:
achievements ofthe charity during the year		~ ~	Actively raised funds to enable the Trust to continue to exist, Has engaged new volunteers totake care ofthe ship and continue		restoration
		~	Gained considerable editorial in many prominent publications	and	other media
			including hosting a production ofBBCSpotlight news and interviews on local radio
		~	Dramatically improved awareness ofour historic ship through	media,		publications
			and websites
			Engaged with the National Lottery Heritage Fund to pursue further		major funding
		~	Worked with other Trusts and education providers to understand		and	deliver the
			implications ofour objects
		~	Gained partnerships with education and employment providers
		~	Attended many meetings and training events to better understand		the
			management/governance ofthe Trust and its projects
		~	Further developed the business plan and budgets with a development			planning
			programme supported by Clarity CIC
		~	Created high quality leaflets and a quarterly printed magazine.
		~	Updated an onboard tour guide for public learning.
		~	Developed our relationships with complementary organisations	in	Devon including
			strengthening our relationship with Way ofthe Wharves
		~	Engaged a fundraising consultant to assist with ongoing major	project		funding
		~	Engaged in Zoom supported public speaking and public events	and as		restrictions
			lifted, more facetoface speaking engagments
		~	Continued with active links with local businesses
		~	Galvanised a prominent support network in Devon
		~	Reopened the ship in the 2022 season with Saturday and then	Sunday		openings for
			the public and hosted a number ofevents.
		~	Hosted ship visits for awide range ofgroups including schools	and those who are
			home schooled and for young carers
		~	Supported learning activity in primary and secondary schools with		our engineering
			kits.
		~	Positively engaged with local authorities to achieve recognition	and support ofthe
			project
		~	Delivered ground breaking VR experiences both on and offthe	ship
		The	Trust submitted a bid for a significant grant from the NLHF in December 2022 and a
		matched bid to the Pilgrim Trust and is hopeful that further development				ofthe ship' s
		restoration and exploration of its sea-going potential will be achieved				in the coming
		year	ifsuccessful with fundraising targets.
a
~
		We	hold cash at the bank at 31stJanuary 2023off46,234of	which		isf39,437 is
Briefstatement ofthe		unrestricted funds and f6,798 is restricted.
charity's	policy on reserves	The	'Restricted' funds are made up ofcontractual debts due but		not yet paid,
		money received towards specific projects not yet started or in progress.
		The	unrestricted funds are held in order to meet planned expenditure (mooring
		fees, insurance, essential repair works and electricity costs etc.) Designated
		funds are accumulated to cover unforeseen expenditure that		may occur, for
		example, emergency hull repairs and 5yearly dry docking ofthe			ship.
Details ofany funds materially in deficit		Not	applicable
TAR						March 2012

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Section						A	Receipts		and		payments
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		Total cash	funds		39,437	8,798
	(agree balances with receipts and paymeras		account(s))
				Unrestricted		Restricted funds	Endowment
				funds			funds
				to nearest f		to nearest f	to nearest f
82Other monetary assets
				Fund to which asset			Current value
	Details			bel			onal
83Investment assets
				Fund to which asset			Current value
	Details			bel			anal
84Assets retained for the	Computer	Equipment		unrestricted		1 311
charity's own use
				Fund to	which	Amount due (optional)	When due
				liablll	relates		lonal
85Liabilities
Signed by one ortwo trustees on ehalfofallthetrustees		Signature			Print	Name	Date ofapproval