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2024-03-31-accounts

CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for tho perlod From 1° Aprfl 2023 P•rfod Start dat• To 31" IAar¢h 2024 Perlod end dat• Charlty nam•: North D•von Tru•t Ch•rfty rngl•trallon numb•r:267268 Objoctlves and Actlvltle8 Summary of the purpose8 the charity a8 8et out in its goveming documont P•r• 1.17 North O•von IAarfOm• PAu••um obJ•¢tlv• l• th• advanc•m•nt of publlc kn4yl•dg• r•g•rdlng th• m•rftlm• hl8tory of North D•von •nd th• Brf•tol Ch•nn•l. Th• Charlty provld•• •xhlbftlons and In ord•r to do •0 w• •cqulr• Summary of the main activrtie8 in relats'on to th08• purpo888 for the wblic benefit, in particular, th• 8Ctivitie8, project8 or 80rvi identifW in the account8. 1.17 x1 Infom￿art0f1cts rnl•v•nt to th• marltlm• ar•a and w• ¢oll•cUconJ•rv•nnt•rpr•t and dl•play th•M ft•m• wlthln th• Mumum. W• al•0 publl•h book• •nd an •nnu•l m•gazln•. W• al•0 off•r to local 8chool• a Vlctorlan school pack ¥th C￿tUrn￿ so th•y can •nact * Vlctorlan ￿￿o01r00M •xp•rl•nc•. W• hav• ••v•rnl tradltkJn•l lo￿1 boats •om• ol whlch w• h•v• rn•tor•d and •om• ar• In th• proco•• of b•lng r••tor•d. W• go out to14>cal group• and dlKuM v•rlou• •xhlbtt• w• hold In th• mumum. W• hav• a uparat• commltt••, who undertake ugrant •ppllc•tlon• wlth th• full knv*l•dg• of th• Tru•t• At pr•••fft our Inv••lJii•nt• •r• rlngf•nMd for th• malnt•nanc• of th• bulldlng and for c•rtaln proJ•cts for whlch grant• hav• b•on 8ucc•s8fv1ty galn•d. Th• Tnwt•M no long•r acc•pt It•m• on lo•n to the Mus•um but only glfts. Our voluntoors arn 088entlal to the op•nlng and runnlng of tho Museum. W• hav•r 60 or •0 volunts•rn who oryanl•o the exhlbltlons. promote tho Museum, answ•r uorles man the PAuvum durln

tho o￿n hours. organlm stock purchu• and aui•t in the sho Th Trusto08 have regard to th• guldanc• l••ued by th• Charlty Commlmlon on Publlc B•nefft Statement confimirJ vthether th8 trustees have had regard to the guidanca issued by the Charty Commission on wblic benefit P•rn 1.18 Addltlonal Inform•Uon Iopllonal) You ma choose to include further ststements Th￿e reknrrt abcyJt.' Polty on grant makirvJ Pw• 1.38 Policy on s￿181 investment including program related investment Th• voluirto•r• arn Invaluabh to tho umum •nd wlthoul th•m th• MuMum could not funcdon. Th•y volunt••r 7 da￿ a wmk from Ea•t•r to •nd of Octob•r from 10am to Swn. Volunt••r• carry out mlnor malnt•nanc•, talk to th• publ1¢ both whllst on th• d•sk and through oulr•a¢h, Offj•nl￿ and dl•play •xhlblt•. Carry out r••Mr¢h for th• publlc, dlgltallm all our art•f•cts, run th• Fa¢•book pag•, upd*t• th• w•hft•, look for grnnt opportunltl••- IlalM wlth oth•r •lmllar org•nl••tlon• •nd promot• th• mumum - organlu fy•r• and publl¢lty and h•1 wlth r••tor•tlon •ct•. Pw• 1.30 Contribution made by volunteer8 Other Achlevements and Performanc•

We appolntod a now Tn￿ts0 to compty with our Trust Deed. Unfortunat•ly wo had tho1098 of a furthor trustea and w• •r• n(Y4V acthty •oeklng • r•pl•¢•m•nL Summary of the main athievements of the charrty. lentfying the dffterence the charty'8 work ha8 made to the circum8tsnces of it8 beneficiarie8 and any wider bonefft• to Sow a8 a Pw• 120 W• •u¢¢•••lully •ppll•d for grnnt• whlch •nsured the conllnu•n¢• of th• Museum and we worn abh to r••torn two top floor Illng• •nd al•0 mak• up •xhlbtt board• and volunts•rn eontlnu•d to •nhanc• th• •xhlblts Pr￿nty on Show. W• also work•d wlth th• Mugoum of London Archeology and a8•l•l•d th•m In worklng wlth ¢hlldr•n In th• arna. Work conlInu￿ In th• archlv•s and w• updatod •om• ar•a• of the comput•r ¥￿t•rn. of th• Pkaroon•r. Wo w•r• lortun•t• •nough to 8•cur• a grant w that th• Plcaroon•r l• t•mporarlly hou••d In ntaln•r on th• Car p•rk th•1 w• Th• Mu••um loAn•d to varlou• lo￿1 hool• art•facts from a Vlctorlan •chool W• ¢onllnu•d to •ngag• wlth th• publ1¢ vla •ocl•l m•dl• •nd •¢t•d upon r•quMts for r•wr¢h •nd book •nd * pr•Mnc• at varfou• local •v•nts. W• •ngag•d archlt•cts lo mak• pl•n• for bo•t hou￿ wlthln th• muMum'• ¢urtllag•. Th• Inltjal plannlng •ubmls•lon vrfa• un•ucc•uful but wa wlll contlnu• to comuft wlth th• archlt•cts. th• plannlng authorlty •nd mwnb•rn of th• publlc. If succemful w• plan to our r••tor•d bo4￿ u•• th• •pac• ft•r our rchfve t•am and storg• of art•facts and hav• a functlon aroa along•ld• r•fro•hment arna. Addftlonal Inforniatlon (optlonal) You ma choo88 to indude further Statern￿ kn relevant about: Achievements against objectives Set Perf0mian￿ of furKlraising activities ainst o

Investment pwlorman against obj'ective8 Other

Flnanclal Review Review of the charitls finanrial posrtion at the end of the penod 1.21 Du• to th• mlntsn•nc• of two c•lllng•, for whlch w• pardy recefvod fundlng our mlnt•nanc• co•t• w•r• hlgh y••r whlch obviously Impactod on our financlal Itlon. Reserves aro h•ld to onsur• tho mu•oum's bulldlng In malntaln•d Statement explaining the licy for holding reserves statirvJ why are held Pw• 122 Th• Truste•• kmp a curr•nt account for g•n•ral lund• - thM• monlM ar• dwfv•d from •dmlMlon•. hop •ale• and don•tlon•. We havo Immodlat• acc•s• to th•M monl•s. Othw monlo• whlGh ￿ve com• larg•r don•tlon•lgrantsll•gxl•• and Int•r••t on •r•k In N•t Wmt S•vln Amount of r•s•rves held Reasons for holding zero re8eprfes Details of furKI materially in deficit P•rn 1.22 Pw• 122 Pwa 1.24 Th•r• l• no d•ficlt but th• amount of mon•y on hand h•• roduc•d •ubgtantlalty du• to th• c•lllng probl not•d abov•. Non• Explanation of any uncertainties about the charity conts'nuing a• a goirvJ concem P•• 1.23 Addltlon41 Infomitlon (optlonal) You ma choose to indude further Statern￿ th reknant about: Th• ¢hanty'• wlncipal Sour￿8 of fund8 (indudirYJ any fundraising) Entrnc• F•M and Donallon• Pw• 1.47 Inv08tment policy and oty'ectiv88 including ony social inve8tment policy adopted Pw• 1.41 A de8cription of the wincipgl ri8k8 faci￿ the chwity P¥• 1.48

Structure, Governance and Management Descripts'on of chanty's trusts.. Typo of governing document Pw4125 How is the charity con8titutsd? Prn125 Tru•t aled Trustee selection methcMJ8 induding details of any con8trtutional yovisi(In8 e.g. election to post or name of any per80n or body entitled to appoint one or more trustees Our Trustees ar• local to the arna and arn known to have a spoclfic Intern•t In tho lumum and Its obA•thM. A n• Tn￿t•• wlll l>• Invlt•d lo •tt•nd i m••tlng and to provlde a CV. All tn￿t••1 h•v• Insuranc• Ind•mnlty. Addltlonal Informauon loptlonal) You ma Policie8 and yocedur88 adopted for the induction arKI training of trustees Ptt 1.51 The charlty'• orgAni•ational structure and any wider netrwork Imth whth the charty work8 Pw• 1.51 Relation8hip with any rnlat•d parties P*• 1.51 Other Reference and Admlnl8tratlve detsOI8 Cha name Other name the cha istered cha number Chanty'8 pnncipal address North Dèvon Museurn Tru¥t North Devon Maritime Museum 267268 Odun House Odun Road Appledore EX39 1PT

Namm of th• ¢h•rtty tru•t••• who m•na90 tho charlty Offlc• Ilf ryl M•m• of p•rnon lor body) •ntltt•d Ilan Committee Members Peter Christie 114r23-21r2r24: Adrian Wills Committee Members Committee Members Commrttoe Member8 Barry E(ward8 Chri8topher Preece Jane Whtrttaker Note.. apwnted 1114r24 to re￿¢8 P.Chri8be 10 11 12 13 14 15 18 17 18 19 20 rale tru8tee8 - name8 of the direct¢Y8 al the date the Dlr•ctor rnm• Nama of tru8t•e8 holding trtlo to FXOPty be1￿1r4 to thè <*wity Peter Christie 114r2&21r2r24'. deceased ThIS IS BEING CHANGED TO REFLECT THE CHANGES IN THE TRUSTEES Adrian Wills Ba Edwards

Funds held as custodian trustees on behalf of others OesGription of the assets held in this capaaty Nam8 and objects of the charity on whose behalf the assets are held and how this falls within the cu8t<)dian chanty's obje¢t8 Details of arraTrJement8 for safe custody arKI segregation of Such a84et8 Addltlon•l Infomiallon (optlonal) Namv and •ddr••••• of •dvl••r• (Optlonal Inf0M￿nI Type of Nam• Addr• advlmr N•m• of chl•f •xKutfv• or nam•• of ••nlor •taff m•mb•rn (Optloml Infonnatlon) Examptlon8 from dl8clo8urn Rea8on for non4i8dosur• of ke nnel detall8 Other o onal Inforniatlon

Doclaratlons Th• tru•t•M d￿laT• that thy hav• approv•d th• tru•t•••' r•port abov•. Slgn•d on b•h•lf of th• charW• tru•tM• Slgnaturn(•) Full namal•) Po•ltlon (•g S•cr•tary, Chalr, •tc) BAERY fi￿TIME￿Et￿Q6a6 Li%rrfPM¢e P/LfÉcLF rrzo 3￿f I I I

NORTH DEVON MUSEUM TRUST
(NORTH DEVON MARITIME MUSEUM)
Income and Expenditure Account for the year ended
31st March 2024
NORTH DEVON MUSEUM TRUST
(NORTH DEVON MARITIME MUSEUM)
Income and Expenditure Account for the year ended
31st March 2024
NORTH DEVON MUSEUM TRUST
(NORTH DEVON MARITIME MUSEUM)
Income and Expenditure Account for the year ended
31st March 2024
NORTH DEVON MUSEUM TRUST
(NORTH DEVON MARITIME MUSEUM)
Income and Expenditure Account for the year ended
31st March 2024
2023/2024 2022/2023
Income
Book Sales 616.47 1158.92
ShopSales 2706.53 1742.57
Costs of Book,ShopSales & stock write-down -1232.11 -1085.67
Profit / Loss on Sales 2090.89 1815.82
(% of Profit) 62.92 62.58
Admission Fees 14798.34 13639.80
Victorian School Admissions 294.00 45.00
Donations and Grants* 10095.49 7323.04
Friends Subcriptions 754.00 720.00
Outreach/Fundraisin/Research 200.00 27.00
Interest 945.32 308.10
TOTAL CASH LESS MONIES PAID IN
Miscellaneous - EDF CREDIT 148.18 44.27
TDC CAR PARK REIMBURSEMENT 4727.54 5206.95
Total income 34053.76 29192.56
Expenditure
publicity/agm/printingheritage 1186.64 888.86
Equipment Depreciation 683.38 870.1
pettycash 0.00 0
Card machine fees 288.03 199.89
cleaning 100.00 384.69
archive 556.56 946
boat house ARCHITECT AND PLANNING FEES 6209.60 125.58
Administration 3120.00 3120
Insurance 1870.23 1555.19
Stationery, postage & computer supplies 53.5
Maintenance 33580.16 1299.21
Utilities 2781.00 1483.81
Water 504.00 313.5
Telephone and Internet 714.24 87.6
WEBSITE HOST 576.00
Professional fees 55.12 414.11
Memberships 35.00 15
Exhibits 5005.81 4882.34
Total Expenditure 57265.77 16639.38
SURPLUS/(DEFICIT) -23212.01 4406.01

INCL ZETTLE FEES ADDED BACK

Balance Sheet as at 31/03/2024 £
£
63.60
25.87
18732.85
71299.22
90057.94
90121.54
156673.00
6606.98
-5728.58
1954.00
-1561.60
157943.80
248065.34
271277.35
-23212.01
248065.34
0.00
0.00
£
£
63.60
25.87
18732.85
71299.22
90057.94
90121.54
156673.00
6606.98
-5728.58
1954.00
-1561.60
157943.80
248065.34
271277.35
-23212.01
248065.34
0.00
0.00
£
£
63.60
25.87
18732.85
71299.22
90057.94
90121.54
156673.00
6606.98
-5728.58
1954.00
-1561.60
157943.80
248065.34
271277.35
-23212.01
248065.34
0.00
0.00
Assets £ £
Current Assets
Stock at cost lessprovision 63.60
Cash and cash equivalents
Cash in hand 25.87
Current account 18732.85
Business Reserve 71299.22
Total Current Assets 90057.94
Current Liabilities
Accrued Expenses
Net current assets 90121.54
Non current assets
Building 156673.00
Office equipment: Cost 6606.98
dpn -5728.58
Flagpoles 1954.00
dpn -1561.60
Non current assets total 157943.80
Total net assets 248065.34
Accumfunds b/f 271277.35
Surplus/(Deficit) -23212.01
Accumfunds c/f 248065.34

List of Donations and grants

£ £ £ £ £
APPLEDORE LAND TRUST 600
GEOFF HUMPHRIES 363.75
BOOK FESTIVAL 550
HEADLEY TRUST 5000
MUSEUM OF LONDON ARCHAELOGY 100
NORTH DEVON COAST 2050
MAURICE HOGG LEGACY 1000
MISC DONATIONS 256.74
COMPANY OF ARTS 175
10095.49
2023/2024
Accumulated NBV
Cost 01/04/2023 Additions Cost 31/03/2024 depreciation
IT Equipment 1261.98 1261.98 701.98 560.00
Multimedia screen 1540 1540 1540.00 0.00
Projector,Scanner,Computer(2015/16) 500 500 500.00 0.00
Audio Equipment(2018/19) 825 825 825.00 0.00
Desk
Izettle card machine
Total of Office equipment
1584
896
6606.98
0
1584 1265.60
318.40
896.00
0.00
5728.58
878.40
318.40
896
6606.98
Flagpole 1954
1561.60
392.40
Building shown at cost of purchase March 2016 plus Portco additon.
2023/ 2024 Depreciaton charged at 30%per annum on projector and audio equipme
10% per annum on desk and fagpole
No depreciaton charge in year of acquisiton
Depreciaton charge foryear
Audio Equipment 0.00
Desk 158.40
Card machine 89.60
Flagpole 195.40
TOTAL 443.40
Closing stock comprises shop stock at cost and a stock of books.
Many books have been held for many years and therefore have a
potentally low (nil) realisable value.
Shopstock 84.64
Book stock 7770.57
Stock at cost 7855.21
Many books have been held for many years and therefore have a
potentally low (nil) realisable value. A provision for slow moving and obsolete
stock has therefore been agreed
Stock at cost
Provision
Stock valuaton
Cost of sales computed as follows:
Openingstock 306.16
Purchases 989.55
Closingstock 63.60
Cost of sales 1232.11
Benefts In Kind
The Museum received 6701 hours during the year from volunteers
including archiving. Research, maintenance and commitee work
The value to the Museum at the Minimum wage of £10.42 per hour was £69824.42.

Visitors Numbers

The Museum received 4978 visitors during the year. This includes visitors to the Museum itself, school parties, research and enquiries

Date: Signed: Fiona Cousins

Audit Certificate I have examined the books of the North Devon Maritime Museum. In my opinion proper Books of Account have been kept and these give a true and fair view of the financial affairs of the Museum, the surplus for the year ended March 2024 and the assets and liabilities at that date. A full audit has not been carried out. Date: 04/07/2024 Signed: Stephen Taylor

BANK INTEREST

BUSINESS RESERVE - NAT WEST b/f
28-Apr-23 54.93
1-Jun-23 68.38
30-Jun-23 66.61
31st July 2023 79.34
1-Sep-23 84.07
29-Sep-23 81.46
Oct-23 89.99
Nov-23 84.47
Dec-23 81.75
Jan-24 93.14
Feb-24 81.96
Mar-24 79.22
945.32
CCLA ACCOUNT
VALUATION (NOT INTEREST) AS AT 31ST DECEMBER 2023 0.93

70353.9 945.32 71299.22 0.93 71300.15

NORTH DEVON MUSEUM TRUST
(NORTH DEVON MARITIME MUSEUM)
Income and Expenditure Account for the year ended
31st March 2024
NORTH DEVON MUSEUM TRUST
(NORTH DEVON MARITIME MUSEUM)
Income and Expenditure Account for the year ended
31st March 2024
NORTH DEVON MUSEUM TRUST
(NORTH DEVON MARITIME MUSEUM)
Income and Expenditure Account for the year ended
31st March 2024
NORTH DEVON MUSEUM TRUST
(NORTH DEVON MARITIME MUSEUM)
Income and Expenditure Account for the year ended
31st March 2024
2023/2024 2022/2023
Income
Book Sales 616.47 1158.92
ShopSales 2706.53 1742.57
Costs of Book,ShopSales & stock write-down -1232.11 -1085.67
Profit / Loss on Sales 2090.89 1815.82
(% of Profit) 62.92 62.58
Admission Fees 14798.34 13639.80
Victorian School Admissions 294.00 45.00
Donations and Grants* 10095.49 7323.04
Friends Subcriptions 754.00 720.00
Outreach/Fundraisin/Research 200.00 27.00
Interest 945.32 308.10
TOTAL CASH LESS MONIES PAID IN
Miscellaneous - EDF CREDIT 148.18 44.27
TDC CAR PARK REIMBURSEMENT 4727.54 5206.95
Total income 34053.76 29192.56
Expenditure
publicity/agm/printingheritage 1186.64 888.86
Equipment Depreciation 683.38 870.1
pettycash 0.00 0
Card machine fees 288.03 199.89
cleaning 100.00 384.69
archive 556.56 946
boat house ARCHITECT AND PLANNING FEES 6209.60 125.58
Administration 3120.00 3120
Insurance 1870.23 1555.19
Stationery, postage & computer supplies 53.5
Maintenance 33580.16 1299.21
Utilities 2781.00 1483.81
Water 504.00 313.5
Telephone and Internet 714.24 87.6
WEBSITE HOST 576.00
Professional fees 55.12 414.11
Memberships 35.00 15
Exhibits 5005.81 4882.34
Total Expenditure 57265.77 16639.38
SURPLUS/(DEFICIT) -23212.01 4406.01

INCL ZETTLE FEES ADDED BACK

Balance Sheet as at 31/03/2024 £
£
63.60
25.87
18732.85
71299.22
90057.94
90121.54
156673.00
6606.98
-5728.58
1954.00
-1561.60
157943.80
248065.34
271277.35
-23212.01
248065.34
0.00
0.00
£
£
63.60
25.87
18732.85
71299.22
90057.94
90121.54
156673.00
6606.98
-5728.58
1954.00
-1561.60
157943.80
248065.34
271277.35
-23212.01
248065.34
0.00
0.00
£
£
63.60
25.87
18732.85
71299.22
90057.94
90121.54
156673.00
6606.98
-5728.58
1954.00
-1561.60
157943.80
248065.34
271277.35
-23212.01
248065.34
0.00
0.00
Assets £ £
Current Assets
Stock at cost lessprovision 63.60
Cash and cash equivalents
Cash in hand 25.87
Current account 18732.85
Business Reserve 71299.22
Total Current Assets 90057.94
Current Liabilities
Accrued Expenses
Net current assets 90121.54
Non current assets
Building 156673.00
Office equipment: Cost 6606.98
dpn -5728.58
Flagpoles 1954.00
dpn -1561.60
Non current assets total 157943.80
Total net assets 248065.34
Accumfunds b/f 271277.35
Surplus/(Deficit) -23212.01
Accumfunds c/f 248065.34

List of Donations and grants

£ £ £ £ £
APPLEDORE LAND TRUST 600
GEOFF HUMPHRIES 363.75
BOOK FESTIVAL 550
HEADLEY TRUST 5000
MUSEUM OF LONDON ARCHAELOGY 100
NORTH DEVON COAST 2050
MAURICE HOGG LEGACY 1000
MISC DONATIONS 256.74
COMPANY OF ARTS 175
10095.49
2023/2024
Accumulated NBV
Cost 01/04/2023 Additions Cost 31/03/2024 depreciation
IT Equipment 1261.98 1261.98 701.98 560.00
Multimedia screen 1540 1540 1540.00 0.00
Projector,Scanner,Computer(2015/16) 500 500 500.00 0.00
Audio Equipment(2018/19) 825 825 825.00 0.00
Desk
Izettle card machine
Total of Office equipment
1584
896
6606.98
0
1584 1265.60
318.40
896.00
0.00
5728.58
878.40
318.40
896
6606.98
Flagpole 1954
1561.60
392.40
Building shown at cost of purchase March 2016 plus Portco additon.
2023/ 2024 Depreciaton charged at 30%per annum on projector and audio equipme
10% per annum on desk and fagpole
No depreciaton charge in year of acquisiton
Depreciaton charge foryear
Audio Equipment 0.00
Desk 158.40
Card machine 89.60
Flagpole 195.40
TOTAL 443.40
Closing stock comprises shop stock at cost and a stock of books.
Many books have been held for many years and therefore have a
potentally low (nil) realisable value.
Shopstock 84.64
Book stock 7770.57
Stock at cost 7855.21
Many books have been held for many years and therefore have a
potentally low (nil) realisable value. A provision for slow moving and obsolete
stock has therefore been agreed
Stock at cost
Provision
Stock valuaton
Cost of sales computed as follows:
Openingstock 306.16
Purchases 989.55
Closingstock 63.60
Cost of sales 1232.11
Benefts In Kind
The Museum received 6701 hours during the year from volunteers
including archiving. Research, maintenance and commitee work
The value to the Museum at the Minimum wage of £10.42 per hour was £69824.42.

Visitors Numbers

The Museum received 4978 visitors during the year. This includes visitors to the Museum itself, school parties, research and enquiries

Date: Signed: Fiona Cousins

Audit Certificate I have examined the books of the North Devon Maritime Museum. In my opinion proper Books of Account have been kept and these give a true and fair view of the financial affairs of the Museum, the surplus for the year ended March 2024 and the assets and liabilities at that date. A full audit has not been carried out. Date: 04/07/2024 Signed: Stephen Taylor

BANK INTEREST

BUSINESS RESERVE - NAT WEST b/f
28-Apr-23 54.93
1-Jun-23 68.38
30-Jun-23 66.61
31st July 2023 79.34
1-Sep-23 84.07
29-Sep-23 81.46
Oct-23 89.99
Nov-23 84.47
Dec-23 81.75
Jan-24 93.14
Feb-24 81.96
Mar-24 79.22
945.32
CCLA ACCOUNT
VALUATION (NOT INTEREST) AS AT 31ST DECEMBER 2023 0.93

70353.9 945.32 71299.22 0.93 71300.15