|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| ## ## ## ## ## ||||||'||I|I||||||~|~|||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |%gal|||s|~|||||||||||||~|~||| |||||||||||||||||~||||| ||||||||||||~|~|~|||||||| |Section||||||A|Receipts||and||payments|||||||||| ||||||||||||||||||||I|~| |~ ~|.|s||||||||||||||||||| |||~|~||||~|=|~|||||||||||| ||||||||||~|~||||||||||| ||||~"|||||||||||||||||| |||||~||||||||||||||||| ||~||~|||||||||||||||||| ||~|~||||||||||||||||||| |||||||"||||||||||||||| ||||~||||f|||||||||||||| ||||~|||~||||||||||||||| |~||~|'.|||~|~|||||||||||||| ||||||||~|~||||||||||||| ||||||||~|~||||||||||||| ## |||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| ## ##