Charity rtytslrthcrt number. 300755 North Devon Athenaeum Annual Rewrt FIn¢la1 Slaternen15 the Year En(d 31 tcemb8r2023 WESTCOTTS
North Dovon Athenaeum ¢ontsnts (contlnuedl Rthnc• and AthiiThalrn1P Trusloes, Reporl 2105 kndeFonthnl Examintrfs R•w¢ RecW and Pawn¢nt8 SlatsmentofAssels an(1 Lb11hieB rAes ttsthe Finandal statents 9t013
North Devon Athenaeuffl R¢fgrenc• and AdmlnlBtratlve Details chilnnan Peier Chri5t Idgwséd 20 February 20241 Mr feThyGf¢en Mr 8ri8n Burgess MrJoTralhtsn Lcffjas Twsl The 8Ssels of the Trust gre vesled kn these Tlee. They are assBled in oreraliDn81 molters of Ihe trusl by 8 808rd of Direclors, at? 0150 regi51ered as Iwyle2s with Chanty Cummi58k)n. The DlJeLtot5 $8ryifAng duthng th8 ya&r and &nce the year-ftThd wtsrè aB Idh)vth' Dlroctov Jernmy Phillips. Vice Cholr Rcb•TI P8lwer Pj0eS DK1 Carter Avril Srte Cdin KlacDonald DeiJrah Gahan Julo Huol ton Mils David Tean wiiri8m I8¢ Char*y Rqgistrdlion Numb•r 30075S Prlncwl Offl Truty St1 88m5t8rJe EX31 IEL D8vKI cre1 BA FCA West¢otta ISW LLP 47 Boulport Street 88mst8pI• Devon EX31 1SQ Inthp•nd¢nl Ex•mih PwJe 1
North Devon Athenaeum Trustees. Report trustees present ihe aMLI ieporl kngether wlh the f9n¢1 SmenL of Ihe chatty for the year en(kd 31 DÈcember 2023. Strycturn. govemanre and m•nagèmeDt Naturn of governing document The North Oevon Alhenaeum is a registered charjty governed by Twst Deed. Objective8 and a¢tivi¢ios Obiécts and•lms Thts object of the Chanty is to serve the comfflunity ol North De¥on ty m8inkining a ¢dknDon of h$sityl1 ¢Jxurnerts, boc•s, and picbJres lE¥an1 kni he area arbd to mae them awakn1e ILW public Publ1¢ bon•fit The Irustee8 confim Ihat they have complied with the requirements of £èthion 17 of Ime Charities Act 2011 to hove due ward to the •11¢ benefit gUanCe pubb¥hed by the Chwity ComryH5crn far England 8nd Wa A¢hl•v•fflonts •nd prfonnant• The trust engaged in severdl wd8cts and entS during 2023. sL4rting ¥wih IhÈir firsi annual joinl dDsure PETiod wth Librdries Unlrnited and Ihe SoJih Wesi HeritBgE Tfusl since Covi&19. Ouring this period ihe LibEari3n, wth Ihe hefp ol Janet Tall ol SWFtr. oveihaLAed the trlectn5 workspacé Ivh is used for PFDcessing incoming colkctions making it w¢ik better for bolh the collecticns and those hand1in9 them. The Users rest area was al$0 renstaled and givett an update. making Tt morE welcoming wbil$l also 9iwn9 the department more dEspLqy space forfuturé wolectS. Towds the end of ihe closura period the Ubrwrian and As¥istsryl Librarian took part in a Symposium eld in Ihe GuihJhall in L¥)nnection wAh the Mapping Our Town Exhibilion. The symp05ium was jointy n by 88rn5tap Town Counal. the Museurn cf Bamstapl8 an(5 North Devon and historian Dr Te¢Jd ay. The ev8DI %Yas ¥ 9al suttes5 and was a really good way to round off the work both Ihts Lforarian and Asslslant Librarian had done in 2022 when the conlllbuied lo the major new published hisw of Bwn8taF49 kn the 171h Centstry. As part of the Trusls Fxoject to shine a 5polight on the eolleclions ol Bruce Wiliam OlivEr. the Roland and JunÈ Collecbons of wale[cdou and sketches by Btuce OINer and his wrfe May. Yiere xnl ID Exélef INcon80rvatK)rb under Ihe agr8emelll with the SVIHT. These were fetutned ln March were one of the first Ik9¢ll)n5 to be proce5S8d n the newty fev8ftW cdleclions area. Fauwng from thts and the very PDpular joint pop-up exhibili)n hekl in the Sharnbles in 2022 unoiher joint popup pxhibitTon was he there tild BtUC8 Olivei'5 Bainstaple. The Ihree-day evenl ioinlly Fun bebveen Ihe TruBI. SWHT. Librar5 Unlimited and 8am513ple Town Council ai Ihe Shambles receNed 8 toial 444 v15il01S. 11 5howc4sed Tnany ol his phologwhs taken Of Ihe town uring his lrfebme from lh¢ Tru51s coll8ci#)ns tind was very %EY iecewed. Th8 evenl wa$ 60 successful Ih?I Ihe joint display panels created by the Libanan. and the display board5 created by a brari85 Unlimited rA)Ileague were up ui ihe display 8Iea outsKle Ihe departtnenl wheTe the¥ remained for the rest of the year. Page 2
North Devon Athenaeum Trustses. Reprtyrt Iconllnued) In September. wother jL¥nt event W85 hehy 88 part of Herfiage Open Days bEeen the TrusL SWHT and LibrarEs unlimited in conjun¢'on with Brib'5h Mthl8ry Hblory to corrffjerncrtg RAF ChNenoVs role in Worfd WarTwo. TDJst a180 W¢ed whh the Royal Abert Memori81 Museum in Exeter to F4ace the Priorfs Ring on l¥npor8ry loan lo them for Iheir G8te Keepers to Heavdn éxhibition. The Ring * on long le h)Hn ¥Aih BarnSlap Town CDunal whD wllrked with IhE rtusl lo laolitale ar1her irnpor18nl loan. TtrffoUghO the year the Tw5t 8150 look part in 5ever31 online 8cIMknes in addrfton to wt4ishin9 several bkjg posts the annual #knhive30 social media campewJn in Apnl. EXpring Yo Archnie5 Week at the end of Novembw the #ArchiweAtheniCakndar socKBI merfw eampaign in DeMEr. Just as the TnJ&l had 5tarfed ID forward lo 2024. they receibd news that the Chairman. Peter Chrtslie. had beEn diagnDsed wilh a terrnin31 illne55 and in late November arKI earty December the Libarian and archiwsl Gary Xnaggs of Ihè SWHT w8re Bsked ty Peter lo collect the ilerns he wished to both organisation5. they did with the htrlp of a local rernoval rA)mpany and the collec¢Ms We tempo[aty F4a¢l tn storago un&1 the next sChedUd dtssurè p&riod when Ihe p)lIe¢i c¥uJ slart lo be proce5sgd. Th• Trust 4150 slarted the prDC&55 ol reIng the yeMan¢6 of the Trtl %Mth a to and briwkng * in lin8 With the med8m age. Flnanelal r•view [ring Ihe year, thè TrusV8 fd?[ resLAis $htsw•d a dtfitil Lrf £1,274. cthmpai8d Io a 5urplu5 of £6.477 in 2021 A5 Ot 31 1)ecember 2023, tha TnJ8t had unresthclgd reser% of £1,459,913. or th8se r888rves, £42.150 was cssh re¥erve5. Poll¢yon The past 14 yearn hav8 8oen change3 kn Ihe reL8tionships between the Athenaeum and the OPJ8nlsalions with whith it woths. l order to be abk lo respMd to any financlal issues rajsed by Ihese changps aThJ unc8rtainlKs. Ihe Twstee3 have 8dcpled a policy of allowing e free reserves in unrestricted lunds to accrue in exLYdS of wh8t ¥Uld nDrTnally be necessary lo cover runnin9 cost5. Tht Iru81 ewS th15 pc4ky annualty and conslders ihere is st• a reed ID hrAd these reseNes. Plan8 forfvturo P01iod$ ans forfulure Looking forwd to 2024, it rd Set to be B cheln91g year lor the Trust wh) vlill be foEung Dn Teving the 9ovemance of Ihe Norfh Davon Aihenaeurn Wlh Ihe view to bring ltte Tru51 inlo ihe modern age. They will be9 by kJoking into Ihe viability of tuming Ihe Tftj mto a Charitab IOOrated Organisat*)n and pwceeding Vth doi)9 80 rf il kyoves to be 8¢. In lo thts. Ihe ceonS given to the Trust by Peler chn8t need lo ba wocessed and Ihls will lake some consder?tle tinè to do 80 due ID its S. The work on Ihi$ wil bègin during the next joint c4)sure pehod al the enLI ol JanUY and will be lthThJ advice from the SWHT on con8eNatioTh 8t0. where needed. Page 3
North Dwon Athenaeum T#$. Report (continued) The Trusi be highlightg North Oe¥on Journ collec1n in July when Ihe Igcal newspaper Is due to celebrate ils 200th annwptsary. They win also be taking part In anolher InI popup exhibilion with the SWHT. Libraries and Bamslaple Counol wlh a travel theffle lo be detsded. In additson t¢ thi5. the Lan 11 50 be laklng Part In a second symposiurn 10 be he at 8arnsL4pk's Guildhsll lh2 therne th VKtoron Bain51at to coincide WI an exhi110n al the Musevrn of Bam5t8ple and North Dewn. The Trustif again bÈ plaMir¥J to lake p8rf in onKne 8cttiiitW indudnp #Archive30 and Expkye Your Arthwes Weth social medkry carnpaign5 aong with any other Com9rbs ihey idenify year. P8go 4
North Devon Athènaeurn Trn$ts•s' Raport Icontlnuedl Slalement of TrvBtwJ' R¢¥ponsibilitiès The Irusts• are respY)nst4e ILY preparing Ilie iru5tees' ¥eport and financial slalemenls In accordance iih the Unrted 0M AtrounliThg Slandawds Iuniied Kry(Jm Gener8lly Acceptsd Accounb"ng Pwbcel and applicable SWJ and re9ulalion$. The W appluble to ¢banlies iequires the Iru6lee8 lo prepare finandd Slmen15 for each finanoal year which gwe a Irue and fair ol the $18ie ol affaifs ol the chafity and ol lh& Incoming resoufces applicatn ol sOurceS al IhE chanty for thal perkn. In poparing Ihese financial siaiemenLS, Ihp INsl8ès are required io". S8kn1 suitabk accounling polic3 and then appty them coThsist8nUy.' obseNe Ihe melhod5 and principkn in Ihe chane9 SORP.. makejLMlgements ests'maies Ih8t are reasone and piudenl", Èlate whtlher apWicabk acwunting stand8rd5 hwe been fd104d. 5ubiect to 8ny malerial departurE8 discljsed and ex1ned in e fin8nrAal si8tsments'. and pware th8 Thnanc4al $laiemenl8 on Ihe going con bas18 unless il 15 in¥ppropriate lo pyesu thallhe tharity wdl conbnup in bue5 The thJ5tees art reÈptsnsib for keeping accounting records thal (isckise wih leasonae accr8cy al any th.rne fin&91 posityjn of the tharity and en8tye tts ensure Ihel the financrèl statemen15 rDmply wilh the Charities Ad 2011. the CharilEs IAccounLS and Report51 Regulalh)ns 2008. and the pro¥i5ion5 01 the constiiutK)n. Thè trnslee$ a also responsib fur safeguarding thB 8ssÈts of th8 charity and heKe for taking reasonab steps fai the kYe¥enlion artd detsction of frabxl andothol wregularitie The tyy¥t¢e5 are respon$ts fr)r the main¢en8nc• and integnty of the corporate and fin8n¢4al fomation 4iclu¢Jed on the charilabl2 c4JmpanVs web18. L•gatioTr goveming the preparal)n and demInatiOn of financial stat8meDts may drfleffr1ISgfsL9tn otherjvrisdictiOn5. The annual W 8S 8pkYo¥8d ty ihg trusteès of the charity on ..?olioILIt. and &gnad on beh8ff by.. Mr Ter Chairman een Page 5
North Devon Athenaeum Independent Examiner's Report to the trusteas of North Dgvon Athenaeum I report to the trustees on my examinalDn of the accounts of North Dgvon AlhenaeLbm for the year endgd 31 December 2023. Responslblllties and basi5 of report As th& charity trustees of North Devon Mhenaeum you are responsible for the preparation of the accounts in accordance th the requIremtS of the Charities Act 2011 {'the Act'l. I report in respect of my examination of the North Devon Athenaeum's accounts carried out under section 145 of the 2011 Act and in carrwng out my examination I have followed all the appluble Directions given by the Charity Commission under section 145(5llbl of the Act. Independent examinorf6 statsrnent I have completed my examination. I confimi that no material matters have coffle to my attention in connection with the examination gNing me cause to believe that in any material respect.. 1. accounting records were not kept in spect of North Devon Athenaeum as required by section 130 of the Acl-, or 2. the accounts do not accord with those records,. or I have no concerns and have Gome across no other matters in nN&cl10n with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the 8ccounl$ to be reached. David Cresswell BA FCA Weslcotts ISWI LLP 47 Boulport Street Bamstaple Devon EX311 SQ Page 6
North Devon Athenaeum Recolpts and Payments Account for the Year Ended 31 December 2023 Unvostrfcted Total 2023 Total 2022 Not• R•c•lpts: 500 500 0er b7ding 8th1ies 415 .924 57.545 57.545 Total feceipts PtymBnts: Wayes 8nd 5*rie& 58.811 $8.811 57.339 134.8781 16,DfrJl 12701 {12.8881 12.1401 11,9561 17201 11.3651 68 P4.8781 16.0001 12701 112.689 12.1401 (1.9561 17201 11,3651 168 132.4171 16.(MY)I Bwks & 5ub5Griplx)ns Rent Sundry Insuran ouni•nGy fees T¢kpho FnderS Day & E¥ent6 Total paymènts Nel Ip8hThenisllrete4)ts Cash tKOUghl foward Cosh earrfad tc4w8id (7.6131 17441 11.7591 16661 324 SO,085 60,085 ISO.8621 11.2741 1.461,187 1.2741 1.461.187 6,477 1,454.710 1.459,913 1.45P.913 1,461.187 l ollhp dori Trdm conJnukng opwatians duriThg IhB 8b)w ped5. Thèlund8 lor2022 b shwi In nots 8. The noles w pages 9 10 13 fom an inttgrnl part of the8e flnancial slalerneThl5. PwJe 7
North D•von Athenaeum (Registratlon numbgr: 30075S) statement of Assets and Liabllities as at 31 December 2023 202J 2022 Noto Flx•d •sws Tawfcle as8et8 Irweslrnents 485.789 931,974 1.417.763 485,789 911.974 1.397.763 Cash at b8T* and In hand 42.150 63.424 1,459.913 1.481.187 The fvwnckql Slate1% on pages 7 10 13 wen 3rOVed by the Imstee8. and aulhorised for Kssue on .%Alwk44. and &gned on thr behall by.. MrTeTry G The note& an pages 9t0 13 lom an Integrel part ol Ihe5e finanua slaternls. Page 8
North Devon Athenaeum Notès to the Financlal Ststements for the Yoar Ended 31 December 2023 1 A¢nn9 poll¢lg$ Bas1¥ of pr•parntlon The financBI 51alements are weparfjd under Ih8 ioceyls and paym•n15 basi5 and in accordance with FRS102. Charils SORP IFRS1021 and the requir8met)l ol Attounling and Rèporiry by Charities". Slalemefil ol Recfjrnnded PrxlKe appIable ¢0 tharKies preparing Ihw acrxJunts acrd8nc?th Ch18 SORP IFRS1021 and the ChoribO9 A¢t 2011. l inMIng r•soul5 are Ind¢tsJed In the stalement ol financi81 aclivhies when Ihe charity receNes the Incorne. Th8 spÈciftpdits Ére pled Ir Parur cate901iES ol InCLe. Donalions CeNed of oran14 th)naUons gSrts and is iTJe in full in Ihp $tement ol FinaneAal when receed. Gtants, irKluth'ng gr¥n15 lor Ihe purcha8e of fixed assets, are rec(rfJr¥sed irs fvll in Ihe Slatement 01 Fina13¢ActIVrt8 in the year In whh Ihty • roctfv8b. Oomled seryitts ond facll ibe¥ 8ie ¥Klvded al the value to Lho chantywhere ltiis can be quantsfied. The Val of seM¢e5 provpjed by %dunteers has not teen irKluded. Expertdltur• Expenditurè bs rewnlÉtd on a payments bas4$. Expendir includès any VAT which Cannot be fully r•Go¥erBd and Y6 reported a8 pwtofthe ewendilwe iowhKh il Tanglble flxed •ts arbd d•prncigtton Tangible fixed a55ets are stated a uisured value. Ityvestments Iestments held 8$ fixed ats are held atst in the $talerneniorrinartHI activibe Fuhd structu UnieslrKled income funds are genw4 lunds Ihol are 8vaile for use al Ihe tiuslees dIscretn in furlheranc* of Ihe otyethes of the charity. Reslrithd kndB 8ie Subj1¢d lo th¢lr exptrndiWIE imposed by Ihe dwor or through the tem1$ an oppeol. Pagé 9
North Dovon Athenaeum Notss to the Financlal Stsl•ments for th• Year Endqd 31 Oe¢emb8r 2023 Icontlnued) 2 kneom• from don•tlons and legach8 Unro¥tri¢tod lundty Gen•Trl Total 2023 Donatiun& and kga¢ie5: Donatiws 5DO 500 500 soo Papts 10
North Devon Athenaeum Notes to the Flnanclal Statements for lh¢ Year Ended 31 Oec•mbèr 2023 {contlnued) 3 InGCffle from othertradlng ¥¢tl¥llks Unrestriclvd funds Genernl Tot•1 2023 B(x)k sa ResEarch Sa$ permts & phoioqhY Oiher income 20 36 185 625 20 185 525 766 766 Unr¢stri¢i8d fund5 General Total 2022 Bwk s8k8 Re5earth S3k$ pennfts & phot¢graphy Cth•r IncA)me 14 98 281 14 98 281 415 415 4 Inveatynenlin¢om• Unresthctsd ftshds G•noral Tot1 2CI23 Incomo from UK I investrnents 57.545 57.545 57.545 57,545 Unre8trSct•d lunds GeneNI Total 2022 Income Irorn UK f*d io¥estrn•rts 56,924 56.924 56.924 $6.924 Paga11
North Llevon Athenaeum Notes lo the Flnanclal Ststements for the Year Eoded 31 Decefflber 2023 (conllnuodl 5 Sl•ff ro¥t¥ The awregak costs ro 85 folhxs.. 2023 2022 StAIYc08ts durlng th• yoar were". Wo985 and sala 34.878 32.417 No recwed emolurnenlsofmore than É60,0 during the year Ptr21 .. None). 8 T•nolbl• fix•d aBg9ts Book•. plthjres & Total Al l January 2023 At 31 DoLber202) 485.769 485.789 485.789 4e5.789 D•prn¢ialk¥n At 31 December2023 Nwl book valuo At 31 D8cemhr2023 485,789 485.789 At 31 Deorthr2022 485.789 485.789 7 Flxed as8•t Investments 2023 2022 ShBB in 0p und•rf4Wr¥s ond particrIll irftrasts l fixod a58et inv88tsnents are Mdwlthkn Ihe United ladDm. M*knlvthe of inveslments Bt 31 Decembor2023 is £2.027,88012022-11,826.8951 931.974 911.974 Page 12
North Dovon Athenaeum Notss to the Financial Ststemenis for tho Y•ar ended 31 December 2023 lcontinued) e Fund8 Balarbce at 1 January 2023 g¥l•n¢e at R?80urct¥ 31 D•rnber •#TIded 2023 In¢omlng rDsources UnrBSIrfEl•d fund Genernl General fund5 412,587 964.792 27,827 56,181 1.461,187 58,811 l&J.0851 411.313 954.792 27.627 56.181 1,459.913 Onver Wu881 RockTiust 58.811 160,0851 Balin¢• at 1 JbUry 2022 eaL4nc¢ at R•8ourc•8 31 O•¢ernber •xp•hdtd 2022 Imtomlng Unrn8tri¢tsd lund8 General Captsl Oliwrtrequost Trust 40&110 964.792 27,627 56,181 1,454.710 57.339 150.8621 412.587 964.792 27.627 56.181 57.339 150.862 1,481.187 PLW8S ofunre8trictad fitnds UnrY5trided fvnds ara used ks fUrfr Ihtr oblect8 of the charity. btst awe sutiect lo no restrKlions on tho¥ within those obje¢t5. Pa9e 13