Trustees’ Annual Report for the period
From: 01 April 2021 To: 31 March 2022
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 much of this reporting period, restoration and STEM activities were greatly reduced. The reduction in in-person visitors meant that greater emphasis was put on 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 transportation of RAPTOR and Skyshadow pods, which are 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 £3984 cash at bank, an increase of £227 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) Elliott Thomas Atkins Robert David Leonard Swanson Position (eg Chair Trustee Secretary, Chair, etc
Date 09/08/2022
Charity Name No (if any) Panavia Tornado Preservation Group 1163207 Receipts and payments accounts CC16a For the period Period start date Period end date To from 01/04/2021 31/03/2022
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ 498 670 1,120 420 - - - - 2,708 - - - 2,708 - 1,150 44 1,157 100 31 - - - 2,482 - - - 2,482 227 - 3,757 3,984 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ 498 670 1,120 420 - - - - 2,708 - - - 2,708 - 1,150 44 1,157 100 31 - - - 2,482 - - - 2,482 227 |
Total funds to the nearest £ 498 670 1,120 420 - - - - 2,708 - - - 2,708 - 1,150 44 1,157 100 31 - - - 2,482 - - - 2,482 227 |
Last year to the nearest £ |
|---|---|---|---|---|---|---|
| Donations | 498 | 351 | ||||
| Merchandise sales | 670 | 3,360 | ||||
| Watch royalties | 1,120 | 3,693 | ||||
| Jewelleryroyalties | 420 | 524 | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Sub total(Gross income for AR) |
2,708 | 7,928 | ||||
| A2 Asset and investment sales, (see table). |
||||||
| - | - | |||||
| - | - | |||||
| Sub total | - | - | ||||
| Total receipts A3 Payments |
||||||
| 7,928 | ||||||
| Purchase of merchandise items | - | 839 | ||||
| Purchase of aircraftparts | 1,150 | 4,200 | ||||
| Postage costs | 44 | 373 | ||||
| Transportation | 1,157 | 830 | ||||
| Insurance | 100 | - | ||||
| Sundries | 31 | - | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| **Sub total ** | 2,482 | 6,242 | ||||
| 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 |
||||||
| 6,242 | ||||||
| 227 | - | - | 227 | 1,686 | ||
| - | - | - | - | - | ||
| 3,757 | - | - | 3,757 | 2,071 | ||
| 3,984 | - | - | 3,984 | 3,757 |
CCXX R1 accounts (SS)
09/08/2022
1
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 B1 Cash funds B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets |
Signature Details Details Panavia Tornado GR.1P ZA326 Cash at bank Details Details Total cash funds (agree balances with receipts and payments account(s)) Details |
Unrestricted funds Restricted funds to nearest £ to nearest £ 3984 - - - - - 3,984 - 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 £ |
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| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
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| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
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| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
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| Date of approval |
|||
| ELLIOTT ATKINS | 09/08/2022 | ||
| ROBERT SWANSON | 09/08/2022 |
CCXX R2 accounts (SS)
09/08/2022
2