CHARITY COMMISSION FOR ENGLAND AND WALES Trustses, Annual Report for the period From 1st April 2023 Perfod stsrt date To 31•t March 2025 Perlod end date Charity name: North Devon Museum Trust Charlty registratlon number:267268 Objective8 and Activities Summary of the pury)08es ( the chanty as set out in its goveming document P*• 1.17 North D•von M•rllkn• Musoum obJoth9 Is the advancement of publlc knowledge rngardlng tho marltlm• hl$tory of North D•von and the Brlstol Channel. Th• Charlty provld•8 •xhlbiilon• and In orderto do $0 ￿ acqulr• Inforniatk•nl•rt•f•cts rnl•vant to th• marltbm• ar•• and colloCtlcon•er¥ellnterpret and dlsplay th•s• Items wlthln th• Musoum. Wo also publlsh books and an annual magazlne. We also off•r to local Khools Vlctorfan school pack wlth costumm so they can enact a Vktorfan $¢hoolroom •XPgrfenc•. W• h•v• sev•rnl tradltlonal k>cal boats som• of whlch we have restored aNI som• are In tho proce•s of b•lng rg•torod. W• go out to local grou￿ and dlscuss varfous exhlblts w• hold In th• mumum. Summary of the main activities in relation to th( purposes lor the pUl￿1C benefft. in particular, the aciiwties, projects or Services identsfied in the account$. Pw•1.I7w#l 1.19 We have a separato commlttoe, who und•rtak• grant applkatlons wlth th• full knowledg• of the Trusto•s At present our Investments ar• rfngfenced for the malntsnance of the bullding and for certaln projects for which grants have boon •uccMsfulty galned. The Tn￿te05 no longer accept Items on k>an to the Museum but onty glfts. Our voluntsers arn essentlal to the openlng and running of the Museum. We have 60 or $0 voluntsers who oryanlse the exhlbftlons. promots tho Museum, anS￿r uerle8 man the Musoum durin the open hours, organise stock urchase and asslst In the sh The TrusteeB have reganl to the guidance issued by the Charity Commlsslon on Publk B•nefft Statement confimiing whether the trustees have had regard to the guidance issued by the Charity Commission on wblic benefft P¥a 1.18 Addillonal infomi•tion (opthnal) You ma thoose to irKlude further statements where relevant about: SORP Pdicy on grant m8kirvJ p￿1.38 Policy on scrial investment induding program related investment Pmi.38 Thavo ntsern arn Invaluable to the Museum and wlthoirt them the Museum coukl not fvnctlon. Th•y voluntsor 7 days a week from Easter to end of Octobftr from 10am to 5pm. Voluntsern cary out mlnor malntsnanc•, tslk to th• publlc ly)th whllst on the dosk and through (xrtrnach, ory•nl8• and dlsplay exhlbtts, rArry out ￿earch for the publk, dlgltall•e all our artefacts. run th• Fa¢obook pag•, update the ￿b8ft•, look for grant opportunltJe8 - Ilalse wlth oth•r slmlllr oryanlsatlons and promot• tho museum- Organ1￿ Ilyers and publklty and help wlth restorntlon Contribution made by vdunteers Other Achievements and Perfonnance Unfortunatety we lost one of our Trustees durfng the year but have now managed to appolnt a suitable Summary of the main achh8vements of the tharity. identifying the differen￿ the charity's work has made to the orcumstances of its beneficiaries and any wider beneffts to soaety as a whole. W• successfulty applled for grants whkh onsured the contlnuance ofthe Museum and w8 revamped 2 of our exhibtt rooms as well as palntlng most of the Intsmal walls of the k>wer part of the museum. We also purchased new exhlbit board$ and voluntsers conllnu•d to enhan￿ th• •xhlblts presontly on shthv. Work contlnu•d In tho archfvM and w• updat•d som• aroas of the comput•r systsm. Th• Mu8•um loaned to v•rlous local schools •rt•facts from a Vlctorfan W• contlnu•d to •ngag• wlth th• publk vl• soc￿1 medla and actod upon r•quo8ts for research •nd book salo1 and had a prnsence at varlous local •v•nts. We have w•kom•d many peopl• (•.g. the author Llz Shakespeare) and organlsatlons (TV resoarch•r) to our 4￿h1¥•8 to allow thom to resoarch local marltlme hlstory. Llnks wlth tho Museum of London Archaoobogy (MOLA) contlnued. They vlslted couple of tlm•$ to ••• what we had In the museum •nd al￿ talked to local rnsldents as • rnsuft ofour Introductlon$. Y1• hav• been crodlt•d In th•lr rnsearch. W• •ngaged archlt•cts to make plans for a boat hous• wlthln the museum's curtllage. Tho Inltlal plannlng subml$8lon T•vas unsuccessful but w• have contlnued to consult wlth the archltects. the plannlng authorlty and members of the publk and resubmltted our applicatlon In March 2025. The plan was approved by the local Counc51 In May 2025 and we are now looklng at how to financ• th• constructlon of th• new building. Onu builL we plan to show our restored boats. use the space for our archive toam and storage of artefacts and have a functlon area alon Ide a refreshment area. Addttional Infomiation (opllonal) Youm choose to indude further stalen￿ts where relevant about: Achievements againsl obj￿I1VeS set Performance of fundraising actiwties against objed'ves Investment Ferfomwnc• against objects'ves Pv• 1.41 (Xher Financlal Review Review of the chanty's finanoal w)SitI￿ at the end of the period Pwa12f Due lo a combination of tho Incroaso In admlssion fee prlces and the n•gligible malntenance work needed, we endod the y•ar with our total cash balance at £113K compared to £90K the prevlous Statement explaining the pcAicy for holding reserles stating why are hekj kn122 Res•rv•s arn h•ld to •nsurn th• muswm's bulldlng Is malntain•d. Th• Trustoes ko•p a current account and easy4ccess savlngs account for genornl funds - these monles are derlvod from admlsslons. Shop salo8 and donations. We have Immedlate access to thes• n￿nI•s. Other monles whlch have com• from laryer donatlonslgrantsllegacles and Interest arn kept In Nat West 35 Day Access S•vl £11XIK Amount of resernes hekl Reasons for holding zero resep4es Details of fund materially in deficit Explanth'on of any uncertainties abcxrt the charity continuing as a oin concem Pmix Pw•122 Pn124 kn123 Addhlonal Infomiatlon (optlon•l) You ma choose to irK4ude further statements whern relevant atKXrt.' Th• charity's wincip sources of funds (indudir¥J any lundraising) Entranc• Fo••, Don•tlon8 and Incom• from th• Museum's car p•rk. P•• 1.47 Investment policy and objectives including any social investment policy adopted A description of the pri￿1PaI risks facing the chanty Olher Structure, Governance and Management DeS￿Ipts.0n of d￿rty'S tm$ts'. Type of govemiNJ d¢xurrEnt Pw*125 How is the d)anty constituted? Pw•125 Trust ate Trustee selection methods induding details of any constitutional provisions e.g. election to post or name of any Ferson or body entrtled to appoint one or more trustees Pw•125 Our Trustoes are local to the area and ar• known to have a spoclfic Int•rest in the Museum and Its objectlves. Addlllonal Infomiallon l¢)pllon•l) You ma choose to indude further staterrffits where rnlev*tt about: Policies and prcudures adopted for the indudian and training of trustees kn1.51 The chanty'8 organisation81 structure and any wider netsvork with which the chanty works 1.51 Relationship wth relatfjj parts'es Pw• 1.51 Other Reference and Administrative details Cha name Other name the cha ' istered cha numbèr Chanty's principal aldress North DeM)n Museum Trust North De¥Dn Mantime Museum 267268 Odun House Odun Road Applwjore EX39 1 PT Names of the charity Irustees who manage th• charlty Tru•t•• n•m• Ollk• (Il•ny) of p•rson lor body) •ntitl•d int trust•• Ifan Committee Members Adrian V¥S11s 0114124-22108124 Barry Edwards Christopher Preece Jane Ipthtittaker Peter Reveley Committee Members Committee Members Committee Member5 Committee Members 131212&3113125 Replawl A.Wlls 10 12 13 14 15 16 17 18 19 20 rate tNStee8- nanws of the dire(#orn at the date the re Dlr•ctor n•m• rtwasa roved Name of Iru8tees holdiw title to property bdoNJing to the ehaiity TN*t•• name Adrian Wlls Edwards 0114124-22108124 Funds held as custodian trustees on behalf of others Descnpts'on of the assets held in this capaaty Name and objects of the charity on wht)se behaff the assets are held and hryw this falls within the Custodian charity's objects Details of arrangements for safe Custody and segregation of such assets from the charity's cvlm assets Addltlonal Informallon (optlonall Names and addr•s80• of advl••rn (Optlonal Inforniallon) Type of Nam• Addr• •dvlMr Name of chl•f •x•cutfv• or namrf of s•nlor staff memb•rn (Opllonal Inforni•tlon> Exemption8 from dlsclosure Reason for n0Th41i8dosure ol k Other o tional infomiation Declarations The trustees d•clare that they have appn>vod the trusttts, rnport abov•. Slgned on b•half of the charfty. Slgnaturols) Full namels) Posltlon (09 Secretsry, Chair, etc) J1* 292S Incom• 741 TWCAA ReiMwRsEMENT Exp•ndlturn $20 Ji io •iJ E051TE I¥)JT 57$ T<*¥ 8•r* IIJF TErt41 A•i4ts tUrT￿ 113]ei 1*7 .JJP•t* J r*••• Mav Year Oe Il 379 14X ISB 537 195 732 klhy Matth X>16 plu5 Portico addition rKiation char IT Equipment Desk e for ￿Or Flagpol* TOTAI 19 Clos•n8 Stock compfises shop stoc* 41 ¢05t and a sio(k of book t•ntl•lty Inm) ru11￿b1*yA￿#. 4rfh bookn hkn* be•n Mltt*n off l•tht r•wM. Shop Stock BDok 5t0(* StDc* at cort 25 Cost of sale5 compured a5 fD*Iows.' penin 5tLKk 124 25 i( #oc* ost of sales 8•neffts In Kthd indudlni archi%1￿. Restlrth. MI￿¢e￿ar￿ *Rd crffirnittse w The valuetothe Museum It the Minimum wae• of É12.21 Ptf h￿￿￿•5£10￿ i¥tor$ 14umbus ./16 plu5 Portico addition rKiation char IT Equipment Desk e for ￿Or Flagpol* TOTAI 19 Clos•n8 Stock compfises shop stoc* 41 ¢05t and a sio(k of book t•ntl•lty Inm) ru11￿b1*yA￿#. 4rfh bookn hkn* be•n Mltt*n off l•tht r•wM. Shop Stock BDok 5t0(* StDc* at cort 25 Cost of sale5 compured a5 fD*Iows.' penin 5tLKk 124 25 i( #oc* ost of sales 8•neffts In Kthd indudlni archi%1￿. Restlrth. MI￿¢e￿ar￿ *Rd crffirnittse w The valuetothe Museum It the Minimum wae• of É12.21 Ptf h￿￿￿•5£10￿ i¥tor$ 14umbus ./