2021-03-31-accounts - Panavia Tornado Preservation Group

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees’ Annual Report for the period

From: 01 April 2020 To: 31 March 2021

Charity name: Panavia Tornado Preservation Group (PTPG)

Charity registration number: 1163207

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	• To advance the education of the public in the operational / engineering aspects of the Panavia Tornado aircraft and its place in UK aviation history through the provision of a museum for its display and to exhibit documents, items, artifacts and other materials related to the Tornado; and • To preserve and protect the Panavia Tornado aircraft for the benefit of the public.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	Collecting and preserving articles related to the Panavia Tornado aircraft for future public display and education. Restoring Tornado GR.1P ZA326 to operating condition for the benefit of the public.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	We confirm the trustees have had regard to the Charity Commission’s guidance on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38	The Panavia Tornado Preservation Group does not make grants
Policy on social investment including program related investment	Para 1.38	The Panavia Tornado Preservation Group does not contribute to social investment
		The Panavia Tornado Preservation Group relies entirely on its core of volunteers to

Contribution made by volunteers	Para 1.38	operate. Their contribution to the ongoing success of the charity has been outstanding through this year.
Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	With COVID restrictions in place for almost the entirety of this reporting period, restoration and STEM activities were ceased. The lack of in-person visitors meant that attention was turned to fundraising online, mainly through merchandise sales (keyrings, badges, etc) and partnerships with watch and jewellery makers who used spare aircraft metal to make limited edition pieces. Funds raised allowed for the purchase of two RB199 engines, and transportation of a third which was gifted to the charity and is on public display at the South Wales Aviation Museum alongside the aircraft.

Additional information (optional) You may choose to include further statements where relevant about:


Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	At the end of the FY the charity has £3757 cash at bank, an increase of £1686 over last year.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The charity does not hold any reserve funding
Amount of reserves held	Para 1.22	N/A
Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	N/A
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	N/A

Additional information (optional)

You may choose to include further statements where relevant about:


The charity’s principal sources of funds (including any fundraising)	Para 1.47
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	CIO
Trustee selection methods 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	Para 1.25	Appointed by the existing trustees

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other

Reference and Administrative details

Charity name	Panavia Tornado Preservation Group
Other name the charity uses	PTPG
Registered charity number	1163207
Charity’s principal address	Hangar 872, Aerospace Business Park St Athan Vale of Glamorgan CF62 4QN

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
	Elliott Atkins	Chair
	Robert Swanson	Trustee
	Michael Holland	Trustee

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of	Name	Address
adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc Date
	Elliott Thomas Atkins	Robert David Leonard Swanson
	Chair Trustee 29/04/2021
	29/04/2021

Charity Name	No (if any)
Panavia Tornado Preservation Group	1163207
Receipts andpayments accounts		CC16a
Period start date For the period from 01/04/2020	Period end date To 31/03/2021

Section A Receipts and payments	Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ 351 3,360 3,693 524 - - - - 7,928 - - - 7,928 840 4,200 373 830 - - - - - 6,242 - - - 6,242 1,686 - 2,071 3,757	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Total funds to the nearest £ 351 3,360 3,693 524 - - - - 7,928 - - - 7,928 840 4,200 373 830 - - - - - 6,242 - - - 6,242 1,686	Last year to the nearest £
Donations	351				350
Merchandise sales	3,360				1,500
Watch royalties	3,693				368
Jewelleryroyalties	524				133
	-				-
	-				-
	-				-
	-				-
~~*Sub total~~~~(Gross income for~~ AR)*	7,928				2,351

A2 Asset and investment sales, (see table).
	-				-
	-				-
*Sub total*	-				-
*Total receipts* A3 Payments
					2,351

Purchase of merchandise items	840				570
Purchase of aircraftparts	4,200				844
Postage costs	373				72
Engine transportation	830				-
	-				-
	-				-
	-				-
	-				-
	-				-
**Sub total **	6,242				1,486

A4 Asset and investment purchases, (see table)
	-
	-
**Sub total **	-				-
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*
					1,486

	1,686	-		1,686	865
	-	-		-	-
	2,071	-		2,071	2,071
	3,757	-		3,757	2,936

CCXX R1 accounts (SS)

29/04/2021

Section B Statement of assets and liabilities at the end of the period

Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds	Details Details *Total cash funds* (agree balances with receipts and payments account(s)) Cash at bank Details Details Panavia Tornado GR.1P ZA326 Details Signature	Unrestricted funds Restricted funds to nearest £ to nearest £ 3757 - - - - - 3,757 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) Endowment - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name ELLIOTT ATKINS ROBERT SWANSON	Endowment funds to nearest £
			-
			-
			-
			-
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
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			Current value (optional)
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			When due (optional)






			Date of approval
		ELLIOTT ATKINS	29/04/2021
		ROBERT SWANSON	29/04/2021

CCXX R2 accounts (SS)

29/04/2021