(y 8s}=| CHARITYFOR ENGLAND COMMISSION AND WALES
Trustees’ Annual Report for the period From 1% Jan 2020 (Period start date) To 318 Dec 2020 (Period end date) Charity name: THE VERNON MINE WARFARE AND DIVING MONUMENT
Charity registration number:
1128677
Objectives and Activities
| Objectives and Activities | Objectives and Activities | Objectives and Activities | Objectives and Activities |
|---|---|---|---|
| 6 reference |
|||
| Summary ofthe | Para 1.17 | On 17 | March 2020 the charity achieved its main aim: |
| purposes ofthe | to install a monument to the heritage ofHMS Vernon, |
||
| charity as set out in its | in particularthe MineWarfare and Diving communities | ||
| governing document | and theirforebears. The campaign led by the | ||
| Trustees raised the funds for this initiative. The | |||
| trustees hope thatthe monument will remain proudly | |||
| located in GunwharfQuays, Portsmouth, Hampshire, | |||
| United | Kingdom for the foreseeable future. | ||
| The Charity’s objects are: | |||
| {. | TO FOSTER PATRIOTISM AMD GOOD | ||
| CITIZENSHIP FOR THE BENEFIT OF THE | |||
| PUBLIC AND IN PARTICULAR THE | |||
| CITIZENS AND VISITORS TO THE CITY OF | |||
| PORTSMOUTH (“THEAREAOF BENEFIT”) | |||
| BY ESTABLISHING AND MAINTAINING A | |||
| MONUMENTAT GUNWHARF QUAYS OR | |||
| OTHER PROMINENT PLACE WITHIN THE | |||
| CITY CENTRE OF PORTSMOUTH AS A | |||
| PERMANENT MEMORIAL TO THE | |||
| PATRIOTISM AND BRAVERY OF THE | |||
| ROYAL NAVYAND ROYAL MARINES MINE | |||
| WARFARE AND DIVING SPECIALISTS AND | |||
| ASSOCIATED COMMUNITY, IN | |||
| PARTICULAR THOSEWHO WERE TRAINED | |||
| AND BASED IN HMS VERNON. | |||
| 2. | IFAND IN SO FAR AS INCOME !S NOT | ||
| SPENT IN ANYONE YEAR, IT MAY BE | |||
| APPLIED, ATTHE TRUSTEES’ | |||
| DISCRETION, TOANYOTHER | |||
| CHARITABLE TRUST CONNECTED WITH | |||
| THE ROYAL NAVYOR ROYAL MARINES AS | |||
| THETRUSTEESMAYDECIDE. |
|Statementconfirming | Para 1.18|Statementconfirming | Para 1.18|TheTrustees continue to have regard to guidance|
|---|---|---|
|whether the trustees||issued by the Charity Commission on public benefit.|
|have had regard to the||They continue to foster patriotism and good|
|guidance issued by||citizenship and encourage local community inclusivity.|
|the Charity||Social media outlets remain active|
|Commission on public||(https://Awww.facebook.com/groups/vernonmonument/)|
|benefit|||
|||Local organisations and supporting associations|
|||include: GunwharfQuays Management Limited|
|||Association of Royal Navy First Class Divers|
|||The Mine Warfare Association|
|||The Mine Warfare and Clearance Diving Officers|
|||Association|
|||The Ton Class Association|
|||The Royal Naval Clearance Divers Association|
|||Personnel from the serving and retired RN Diving and|
|||Mine Warfare communities and many other branches|
|||ofthe Services.|
|||Portsmouth City Council|
|Additional information (optional)|||
|You may
choose to include further statements where relevant about:|||
|a|||
|Policy on grant making|Para 1.38
The Charity has not made any grants in FY||
|||2020 and staysfocused on the main aim.|
|Policy on social investment|Para 1.38
The charity has no programme-related||
|including program related||investments. The low-risk policy initiated at|
|investment||the campaign’s outset has been maintained,|
|||with minor capital outlay being limited mainly|
|||to sums for either purchasing stock items, or|
|||cost ofsales enabling merchandising lines to|
|||be introduced and maintenance ofthe|
|||charity’s website. The value ofthese items|
|||is considered in the financial inspection|
|||conducted. Additional bank accounts|
|||continue to be used and funds transferred to|
|||stay within the declared cover limits.|
|Contribution made by|Para 1.38
Volunteers continue to support the campaign||
|volunteers||and are critical to overall success.
All are|
|||unpaid and none receive any benefit in kind|
|||for their time and efforts. The trustees|
|||remain extremely grateful for their|
|||unremittingefforts.|
Achievements and Performance
| Summary ofthe main | MINOR EVENTS | |||
|---|---|---|---|---|
| achievements ofthe charity, | Supporters continue to bolster Project | |||
| identifying the difference the | Vernon. | |||
| charity’s work hasmade to . . the circumstances of its |
P | ara 1.20 | MAJOREVENTS . os No majorfundraising events were conducted |
|
| beneficiaries and any | wider | this yearand at present no more are | ||
| benefits to societyas | a | planned or considered necessary. However | ||
| whole. | it is hoped thatthe coronavirus and other | |||
| considerations will allow the trustees to | ||||
| proceed with a Monument Dedication |
||||
| Ceremony atsometime in the future but this | ||||
| is unlikely to be before Summer 2022. | ||||
| Additional information (optional) | ||||
| You may choose to include further statements |
where relevant about: | |||
| Achievements against | Para 1.44 | The contractawarded in 2019 forthe new |
||
| objectives set | design by Mark Richards has now been | |||
| fulfilled. Despite the problems created by the | ||||
| onset ofthe Coronavirus the monumentwas | ||||
| installed, ahead of the scheduled date, on 17 | ||||
| March 2020, albeit with a very low key event | ||||
| as few spectators were permitted. However | ||||
| the monument is now on display in the | ||||
| planned position in GunwharfQuays and | ||||
| many supporters have viewed it, as have the | ||||
| huge numbers of Gunwharf Quays visitors. |
||||
| Performance of fundraising | r | 4 | Fundraising kept pace with projected costs | |
| activities against objectives | forthe production and instailation ofthe new | |||
| set | monument. There remains a need to keep | |||
| fundraising to ensure that the care, | ||||
| maintenance and insurance and any other | ||||
| contingencies can be covered for the | ||||
| hopefully very long life of the monument. |
||||
| Investment performance | Para 1.41 | Not applicable | ||
| againstobjectives |
Financial Review
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|---|---|---|---|---|---|---|---|---|---|---|---|
|financial|position|at the|end|has|paid|all|funds|fo|install|the|monument.|
|of the|period|Planning|for|the|future|continues.|
|Statement|explaining|the|Para|1.22|Reflecting|the|strategy|declared|in|Section|C|
|policy|for|holding|reserves|above,|the|Charity’s|reserves|are|now|split|
|stating|why|they|are|held|between|the|current|and|savings|accounts|
|within|the|National|Westminster|Bank|and|
|also|in|Lloyds|Bank.|Other|accounts|are|
|being|closed.|No|change|is|planned.|
|[|Amountofreservesheld| Paret22|0 T|
|reserves|
|deficit|
|Explanation|of any|Para|1.23|Nil|Not|applicable|
|uncertainties|about|the|
|charity|continuing|as|a|going|
|concern|
|Additional|information|(optional)|
|You|may|choose|to|include|further|statements|where|relevant|about:|
|The|charity’s|principal|Para|1.47|FUND|SOURCES|
|sources|of funds|(including|At|the|year end|of 2019,|the|analysis|of the|
|any|fundraising)|£52,654|gross|revenue|(up|44%|on|2019)|as|
|broken|down|between|primary|resources,|
|included|the|following|key|components:|
|Fundraising|events — There|was|no|income|
|derived|from|fundraising|events|this|year.|
|Donations:|£19,411|up|36%|on|2019.|
|Gift Aid|Reclaim:|£2,544 down|24%|on|2019.|
|Sale|of|Miniatures:|£18,929|up|29%|on|
|2019.|
|Sale|of|pictures|and|prints:|£2,958|up|46%|
|on|2019.|
|Sale|of|clothing:|£730|down|63%|on|2019.|
|Sale|of|original|painting:|£2,019|new for|
|2020.|
|Sale|of|Statuette:|£6,000|new|for|2020.|
|Interest|earned|£63|down|62%|on|2019.|
|EXPENDITURE|
|Costs|relating|to|sculptor|of £64,000|
|Cost|of|Statuette|£15,000|
|Investment|policy|and|Para|1.46|In|view|of the|successful|installation|of the|
|objectives|including|any|monument|no|change|is|considered|
|social|investment|policy|necessary.|
|adopted|
|A|description|of the|principal|The|risks|continue|to|be|very|low.|The|
|risks|facing|the|charity|radical|review|of the|charity’s|plans|as|stated|
|Para|1.46|in|the|2017 TAR|took|place|and|the|
|monument|was|installed|in|March|2020.|
|Likely|future|costs|will|be|kept to|a|minimum|
|Other|and|remain|under tight|control.|
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Structure, Governance and Management
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|---|---|---|---|---|---|
|trusts:|
|——|
|eeedeed,|royal|charter}|
|{trust|fe|[|
|constituted?|
|(2.9|unincorporated|
|association,|ClO|
|oe|
|Trustee|selection|methods|Para|1.25|
|including|details|of any|
|constitutional|provisions|e.g.|
|election|to|post|or|name|of|
|any|person|or|body|entitled|
|to|appoint|one|or more|
|trustees|
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Additional information (optional)
You may choose to include further statements where relevant about:
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|---|---|---|---|---|---|---|---|---|---|---|---|
|Policies|and|procedures|
|adopted|for the|induction|and|||Para|1.51|
|training|of trustees|
|Strong|sponsor|links|with|the|three|core|
|founding|associations|(MCDOA,|
|The|charity’s|organisational|AORNEFCD|and|the|MWA)|
|structure|and|any|wider|Para|1.51|Associated|links|with|a|range|of individuals|
|network with|which|the|charity|and|organisations|in|supportive|or|advisory|
|works|roles.|
|Para|1.51|Relations|with|Gunwharf Quays|remain|
|very|amicable|and|they|remain|most|
|Relationship|with|any|supportive.|
|related|parties|
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Reference and Administrative details
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|---|---|---|---|---|---|
|Charity’s|principal|address|PROJECT VERNON|
|C/O|FLEET|DIVING|HEADQUARTERS,|BRIDGE|BUILDING,|
|WEST|BUND|ROAD,|PORT|SOLENT|
|PORTSMOUTH,|HANTS,|PO6|4TT|
|Address|
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Names of the charity trustees who manage the charity
|1|MICHAEL DAVID
|HANDFORD||CHAIRPERSON|ASSOCIATION OF ROYAL
NAVY FIRSTCLASS|
|---|---|---|---|
||||DIVERS|
|9|CDRDAVID
SANDIFORD RN|PROJECT
MANAGER||
|3|SEANSWEENEY||INDEPENDENT
TRUSTEE||
|4|JOHN
RAVENHALL|INDEPENDENT
TRUSTEE||
| Corporate trustees — names ofthe directors at the date the reportwas approved [Dieciorname TC C“‘“CSS~S~S~*SY PN GD |
|---|
| Name oftrustees holding title to property belonging to the charity |
| Funds held as custodian trustees on behalf of others |
| Description ofthe assets NiL |
| held in this capacity |
| Name and objects ofthe NIL |
| charityonwhose behalfthe |
| assets are held and how this |
| falls within the custodian |
| charity’s objects |
| Details ofarrangements for NIL |
| safe custody and |
| segregation ofsuch assets |
| from the charity's own assets |
| Type ofadviser Name Address |
| NAVAL HISTORY LT CDR ROB HOOLE ;WATERLOOVILLE HANTS |
| SCULPTURES PROFESSOR BRIAN |
| FALCONBRIDGE LONDON |
| PROCUREMENT LT CDR MARTYN EMSWORTH HANTS |
| HOLLOWAY |
| ACCOUNTS DEE DAVISON SOUTHSEA HANTS |
| ACCOUNTS LEONARDGOLD |
MONUMENT MARK LUDLOW SHROPSHIRE AND RICHARDS STATUETTE FRSS ahs DESIGN
Name of chief executive or names of senior staff members (Optional information) CDR DAVID SANDIFORD RN
Exemptions from disclosure
Reason for non-disclosure of key personne! details Sia
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity's trustees 2 - seraucto|! landedYilvdjd-| Full name(s)| CDR DAVID SANDIFORD RN mh Position (eg Secretary,]Chair, etc) PROJECT MANAGER Po Date! 50 October 2021
bee
THE VERNON MINE WARFARE
AND DIVING MONUMENT (CHARITY NUMBER: 1128677)
ANNUAL ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2020
THE VERNON MINE WARFARE AND DIVING MONUMENT RECEIPTS AND PAYMENTS
FOR THE YEAR ENDED 31st DECEMBER 2020
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|---|---|---|---|---|---|---|
|Total|Funds|
|Unrestricted|Restricted|Endowment|
|Note|Funds|Funds|Funds|2020|2019|
|£|£|£|£|£|
|Receipts|
|- Voluntary receipts|2a|21,955|=|21,955|17,612|
|- Activities for generating funds|2b|5 80/036).|e|“=.|30,636,|18,695|
|- Investment income|2c|eS|eea|
|Receipts from sale of investments|ee|ee REE|es|
|Total receipts|52,654|0000|.|52,654|36,473|
|Payments|
|- Costs of generating voluntary receipts|3a|SS a|EE|ee|ESS 421.|364|
|- Costs for generating funds|3b|18,119 ee ees SEES ENS 18,119|21,653|
|- Governance costs|3c|2G 436)|ce|6,136|8,520|
|Purchase of investments|“64,800. BSee|64,800.|“51,200 -|
|Total|payments|eC|Vee eeeee|gg476.|181,737.|
|Net of receipts/(payments)|(36,822)|Bes|(36,822)|~ (145,264)|
|Transfers between funds|LeSee geeSee|so|
|by peesSECEE|110,117|"255,381"|
|Total cash funds bought forward|Bees Ely|
|Total cash funds carried forward|i73,295|fe|WieOE73,295.|SS110/117.|
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, THE VERNON MINE WARFARE
AND DIVING MONUMENT
STATEMENT OF ASSETS AND LIABILITIES
AS AT 31st DECEMBER 2020
2020 2019
Notes £ £ £ Fa
Cash funds
Trust reservecurrent accounts apred 27295: Eee!¥62;90;450:
Total cash funds Fes 2954 (40,1174
Stock
Investment assets
;
Asset's retained for the charity's own use
Other Cael one et
Liabilities
other ae mane
Approved by the Board of Trustees on ufo fr021. and signed on its behalfwe by:
MikeMdHandford Az.LT°
Chairman of Trustees
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e_.
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THE VERNON MINE WARFARE AND DIVING MONUMENT NOTES TO THE ANNUAL ACCOUNTS AS AT 31st DECEMBER 2020
1 ACCOUNTING POLICIES
a) Basis of preparation
Receipts and payments accounts are statements that summarise the movement of cash into and out of the organisation during the financial year. These annual accounts have been prepared in accordance with section 144 of the Charities Act 2011, the Statement of Recommended Practice for Accounting by Charities (SORP FRS 102).
THE VERNON MINE WARFARE AND DIVING MONUMENT NOTES TO THE ANNUAL ACCOUNTS AS AT 31st DECEMBER 2020
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|---|---|---|---|---|---|---|---|---|
|Total|Funds|
|Unrestricted|Restricted|Endowment|
|Funds|Funds|Funds|2020|2019|
|E|£|£|£|£|
|2|Receipts|
|a)|Voluntary|income|
|Gift aid reclaim|2,544|-|-28|2,544|3,337|
|Donations|19,411|-|-|219/411:|14,275|
|——<——<—<—<—$—|esas|77onG:|————|
|b)|Activities|for generating funds|
|Sale of statuette|6,000|-|-|6,000|-|
|Sale of miniatures|18,929|-|2|18,929.|14,715|
|Sale of clothing|730|-|-|See|-730|1,959|
|Sale of small items|2,958|-|-|ee|52,958|2,021|
|Sale|oforiginal items|2,019|-|-|=|=.|552,019|-|
|c)|Investment|income|
|interest received|63|-|- 2263|166|
|aT 7|
|Total receipts|snenerga gpa|See og|esa|36,473.|
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THE VERNON MINE WARFARE AND DIVING MONUMENT NOTES TO THE ANNUAL ACCOUNTS AS AT 31st DECEMBER 2020
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Total|Funds|
|Unrestricted|Restricted|Endowment|
|Funds|Funds|Funds|2020|2019|
|£|£|£|£|£|
|3|Payments|
|a)|Costs|of generating voluntary|
|Transferreceipts fees|421|-|ee.|;|364|
|rree|
|b)|Costs|for|generating funds|
|Entertainment and|gifts|120|-|“ES aS|:|-120|-|
|;|
|-|- ae|Eas)|2,200|
|ClothingPrint productioncosts|&|delivery|2,467-|-|-2|=|epee22,467|325-|
|Mugs|and|Coasters|-|--|-|ne|-|
|CostMileageof maquette and parking|258-|-|-|258|167|
|Planning applications|-|-|ee ee|301|
|Cost of Statuette|15,000|-|- 15,000.|660|
|-|
|- eeee|18,000|
|Sculptor|costs|-|-|7es|as|.|
|MiniatureUnveiling eventexpenses expenses|274-|-|oe 274|.|
|TRE|ee|21,653.|
|c)|Governance|costs|
|Accountancy|348|-|=||ees s|348.|336|
|IT and web-site|2,165|-|22,1655|4,294|
|Licences and insurance|162|-|2|AS 162|:|162|
|Legal|fees|3,100|-|-|LSS|3100.|3,360|
|Bookkeeping|361|-|-|5 361:|368|
|Total payments|94|616|es|cessure|54764|15 80,537.|
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=| CHARITY COMMISSION] FOR ENGLAND AND WALES
independent examiner's report on the accounts
Section A Independent Examiner's Report
-
Report to the trustees/ | “°°! ; _. members of | The Vernon Mine Warfare and Diving Monument
-
On accounts for the year | 31 December 2020 ended
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Charity no | 1128677
(if any)
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-
| report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 / 12 / 2020.
-
Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
| report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
-
Independent | have completed my examination. | confirm that no material matters have examiner's statement come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:
-
¢ accounting records were not kept in accordance with section 130 of the Act or
-
e the accounts do not accord with the accounting records
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
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Name: | Andrew Chapman
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Relevant professional | FCA qualification(s) or body (if any):
Address: | 24 Landport Terrace, Portsmouth, Hampshire, PO1 2RG
IER
1
October 2018
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
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Give here brief details of
any items that the
examiner wishes to
disclose.
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IER
2
October 2018