Charity rtytslrthcrt number. 300755
North Devon Athenaeum
Annual Rewrt FI￿n¢la1 Slaternen15
the Year En(*d 31 t*cemb8r2023
WESTCOTTS

North Dovon Athenaeum
¢ontsnts (contlnuedl
Rthnc• and AthiiThalrn1￿P
Trusloes, Reporl
2105
kndeFonthnl Examintrfs R•w¢
Rec*W and Pawn¢nt8
SlatsmentofAssels an(1 L*b11hieB
rAes ttsthe Finandal stat￿￿ents
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 T￿￿lee￿. 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
P￿￿￿j0￿eS
D￿K1 Carter
Avril S￿rte
Cdin KlacDonald
Dei*Jrah Gahan
Julo Huol
ton Mils
David T￿e￿an
wiiri8m I￿8¢
Char*y Rqgistrdlion Numb•r 30075S
Prlncwl Offl
Truty St￿1
88m5t8rJe
EX31 IEL
D8vKI cre￿￿1 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 aML*I ieporl kngether wlh the f￿9n¢￿￿1 S￿￿menL￿ 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$sityl￿1 ¢Jxurnerts, boc•s, and picbJres lE￿¥an1 kni he area arbd to ma*e them awa￿kn1e 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 gU￿anCe pubb¥hed by the Chwity ComryH5￿crn 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 tr￿lect￿n5 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.
Tow*ds 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 ¥ 9￿al 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 til￿d BtUC8 Olivei'5 Bainstaple. The Ihree-day evenl
ioinlly Fun bebveen Ihe TruBI. SWHT. Librar￿5 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 bE￿een 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 ar￿1her 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. EXp￿ring Yo
Archnie5 Week at the end of Novembw the #ArchiweAtheniCakndar socKBI merfw eampaign in
De￿ME*r.
Just as the TnJ&l had 5tarfed ID forward lo 2024. they receib*d 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[a￿ty F4a¢*l tn storago un&1 the next sChedU￿d dtssurè p&riod when Ihe
p)lIe¢i￿ c¥u*J slart lo be proce5sgd.
Th• Trust 4150 slarted the prDC&55 ol re￿￿Ing the y￿eMan¢6 of the Trt￿l %Mth a to
and briwkng * in lin8 With the med8m age.
Flnanelal r•view
[￿ring Ihe year, thè TrusV8 f￿￿d?[ resLAis $htsw•d a dtfitil Lrf £1,274. cthmpai8d Io a 5urplu5 of
£6.477 in 2021
A5 Ot 31 1)ecember 2023, tha TnJ8t had unresthclgd reser￿% of £1,459,913. or th8se r888rves,
£42.150 was cssh re¥erve5.
Poll¢yon
The past 1*4 yearn hav8 8oen change3 kn Ihe reL8tionships between the Athenaeum and the
OPJ8nlsalions with whith it woths. l* order to be abk lo respMd to any financlal issues rajsed by
Ihese changps aThJ unc8rtainlKs. Ihe Twstee3 have 8dcpled a policy of allowing ￿e free reserves in
unrestricted lunds to accrue in exLYdS of wh8t ¥￿Uld nDrTnally be necessary lo cover runnin9 cost5.
Tht Iru81 ￿ewS th15 pc4ky annualty and conslders ihere is st• a reed ID hrAd these reseNes.
Plan8 forfvturo P01iod$
ans forfulure
Looking forw*d to 2024, it rd Set to be B chel￿n91￿g year lor the Trust wh) vlill be foEu*ng Dn
Tevi￿ng 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
I￿O￿Orated Organisat*)n and pwceeding V￿th doi)9 80 rf il kyoves to be 8¢.
In lo thts. Ihe c￿e￿onS 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 JanU￿Y and will be lthThJ advice from the SWHT on
con8eNatioTh 8t0. where needed.
Page 3

North Dwon Athenaeum
T￿￿￿#$. Report (continued)
The Trusi be highlight￿g North Oe¥on Journ* collec1￿n in July when Ihe Igcal newspaper Is
due to celebrate ils 200th annwptsary. They win also be taking part In anolher I￿nI popup exhibilion
with the SWHT. Libraries and Bamslaple Counol wlh a travel theffle lo be detsded. In additson
t¢ thi5. the L**an ￿11 ￿50 be laklng Part In a second symposiurn 10 be he￿ at 8arnsL4pk's Guildhsll
lh2 therne th VKtoron Bain51a￿t to coincide WI￿ an exhi￿110n al the Musevrn of Bam5t8ple and
North Dewn.
The Trust*if again bÈ plaMir¥J to lake p8rf in onKne 8cttiiitW indudnp #Archive30 and Expkye Your
Arthwes Weth social medkry carnpaign5 aong with any other Com￿9rbs 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 Sl*men15 for each finanoal
year which gwe a Irue and fair ol the $18ie ol affaifs ol the chafity and ol lh& Incoming resoufces
applicat￿n ol ￿sOurceS al IhE chanty for thal perkn￿. In poparing Ihese financial siaiemenLS, Ihp
INsl8ès are required io".
S8kn1 suitabk accounling polic￿3 and then appty them coThsist8nUy.'
obseNe Ihe melhod5 and principkn in Ihe chan￿e9 SORP..
makejLMlgements ests'maies Ih8t are reason￿e and piudenl",
Èlate whtlher apWicabk acwunting stand8rd5 hwe been fd104￿d. 5ubiect to 8ny malerial
departurE8 discljsed and ex￿￿1ned in ￿e fin8nrAal si8tsments'. and
pware th8 Thnanc4al $laiemenl8 on Ihe going con￿￿ bas18 unless il 15 in¥ppropriate lo pyesu
thallhe tharity wdl conbnup in bu￿￿e5
The thJ5tees art reÈptsnsib￿ for keeping accounting records thal (isckise wih leasona￿e
acc*r8cy al any th.rne fin￿&91 posityjn of the tharity and en8tye tts ensure Ihel the financrèl
statemen15 rDmply wilh the Charities Ad 2011. the CharilEs IAccounLS and Report51 Regulalh)ns
2008. and the pro¥i5ion5 01 the constiiutK)n. Thè trnslee$ 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 web￿18. L•g￿atioTr goveming the preparal*)n and
d￿emInatiOn of financial stat8meDts may drfleffr￿1ISgfsL9t￿n 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 requIrem￿tS 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
0￿er 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
F￿nderS 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 pe￿d5.
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 Slate￿￿1% on pages 7 10 13 wen 3￿rOVed by the Imstee8. and aulhorised for Kssue on
.%Alwk44. and &gned on th￿r behall by..
MrTeTry G
The note& an pages 9t0 13 lom an Integrel part ol Ihe5e finanua slatern￿ls.
Page 8

North Devon Athenaeum
Notès to the Financlal Ststements for the Yoar Ended 31 December 2023
1 A¢￿￿n￿n9 poll¢lg$
Bas1¥ of pr•parntlon
The financBI 51alements are weparfjd under Ih8 ioceyls and paym•n15 basi5 and in accordance with
FRS102. Charil*s SORP IFRS1021 and the requir8met)l ol Attounling and Rèporiry by
Charities". Slalemefil ol Recfjrn￿nded PrxlKe appI￿able ¢0 tharKies preparing Ihw acrxJunts
ac￿rd8nc?￿th Ch￿1*8 SORP IFRS1021 and the ChoribO9 A¢t 2011.
l in￿MIng r•soul￿5 are Ind¢tsJed In the stalement ol financi81 aclivhies when Ihe charity receNes
the Incorne. Th8 spÈciftpdit￿s Ére ￿p￿led Ir* Par￿u￿r cate901iES ol
InCL￿e.
Donalions ￿CeNed of oran14 th)naUons gSrts and is iT￿￿Je￿ in full in Ihp $￿tement ol
FinaneAal when rece￿ed.
Gtants, irKluth'ng gr¥n15 lor Ihe purcha8e of fixed assets, are rec(rfJr¥sed irs fvll in Ihe Slatement 01
Fina￿13¢ActIVrt￿8 in the year In wh*h Ihty *• roctfv8b￿.
Oomled seryitts ond facll ibe¥ 8ie ¥Klvded al the value to Lho chantywhere ltiis can be quantsfied.
The Val￿ of seM¢e5 provpjed by %dunteers has not teen irKluded.
Expertdltur•
Expenditurè bs rewnlÉtd on a payments bas4$. Expendi￿r￿ 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
I￿estments held 8$ fixed a￿￿ts are held at￿st in the $talerneniorrinartHI activibe
Fuhd structu
UnieslrKled income funds are genw4 lunds Ihol are 8vail*e for use al Ihe tiuslees dIscret￿n in
furlheranc* of Ihe otyethes of the charity.
Reslrithd kndB 8ie Subj￿1¢d lo th¢lr exptrndiWIE imposed by Ihe dwor or through
the tem1$ ￿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 & phoioq￿hY
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
Tot*1
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 DoL￿ber202)
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
Sh*BB in ￿0￿p und•rf4Wr¥s ond partic*￿rIll irftrasts
l fixod a58et inv88tsnents are Mdwlthkn Ihe United la￿dDm.
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
J*bU*ry
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 fUrf￿r Ihtr oblect8 of the charity. btst awe sutiect lo no restrKlions on
tho¥ within those obje¢t5.
Pa9e 13