2022-04-30-accounts

						SORP reference
Summary			ofthe purposes of			Para 1.17	To advance the preservation and
the charity				as set out	in its		conservation of the Brixham based heritage
governing			document				sailing trawler "Vigilance BM76" for the public
							benefit and,
							Toadvance education for the public benefit in
							the subject of Vigilance BM76, sail trawlers
							and the social, industrial, and sailing heritage
							and histo associated with this.
Summary ofthe main activities in relation to those						Para 1.17and 1.19	Fund raising by the Fundraising team and social committee of Friends of the Vigilance
purposes			for the public				to provide ongoing finance for the purposes
benefit,		in	particular,		the		of restoration and conservation ofthe vessel
activities,			projects or		services		Vigilance BM76. Events and activities were
identified			in the accounts.				suspended until covid safe.
							Fundraising was recommenced after
							Covid 1Srestrictions were eased and our Eol
							to the National Heritage Memorial Fund was
							accepted and we were invited to make a full
							formal submission. This submission resulted
							in Vigilance being awarded 8820K, in May
							2022, to rescue the boat and complete a
							below the line repair in Stirling &Son shipyard
							in Plymouth, commencing end of September
							2022. Further substantial funds will be
							required to complete the full repair, prior to
							Vigilance being returned to Brixham to
							resume its full activities.
Statement				confirming		Para 1.18	All Trustees have had regard and also
whether		the trustees			have		received the guidance notes issued by the
had regard				to the guidance			Charity Commission on public benefit.
issued	by		the Charity
Commission				on public
benefit
ddition	a	l	information (optional)
ou ma		choose to include further statements					where relevant about:
						SORP reference
							All decisions on possible grants/donations
						Para 1.38	have been taken at a full meeting of the
Polic	on			rantmakin			Trustees.

					N/A
				Para 1.38
Policy on	social investment
including	program		related
investment
					All Trustees	and Members				are willing
				Para 1.38	volunteers and continue		to give		of their time
Contribution		made	by		without any	remuneration. It is			notable that
volunteers					several Trustees and		Officers			have given
					considerable	time and	effort		to our new
					projects and	to the operational				aspects of
					Vigilance since the C.I.O. took				ownership of
					Vigilance.
					It is also commendable		that the		contributions
					of volunteer	crew and	has been			significant
					during the	uncertainty	and			restrictions
					imposed by	Covid 19 and		once COVID
					restrictions were released.
Other

			SORP reference
				Once support from NLHF was withdrawn, due
				to COVID period	realignment of
				requirements, other minor	income streams
Summary ofthe main achievements ofthe charity,			Para 1.20	have remained steady with the addition of retail income from trading Vigilance and her
identifying	the	difference the		brand.
charity's	work	has made to		Donations in this period to "Vigilance BM76"
the circumstances of its				have included receipt of	all pledges to be
beneficiaries and any wider				used for general purposes	'safety net' and to
benefits to society as a				generate the necessary 'partnership funding
whole.				required by the NHMF.	The Fundraising
				strategy has adapted several times over time
				to maximise our efforts and deal with the
				changing circumstances ofsupport.
				Trustees have continued	to be proactive in
				this period in encouraging	and recruiting and
				training new volunteers	with the requisite
				skills to further achieve	our Aims and
				Objectives.
				Much effort has been	given towards
				improving our structure /	organisation with
				regard to our future aspirations and for the
				benefit ofall our members	and for the people
				ofBrixham and Torbay

				General objectives were set in the period
				towards possible avenues of grant funding
Achievements		against	Para 1.41	and NHMF project targets. A full fundraising
objectives set				strategy was devised regarding our new
				project targets and was initiated in part during
				this period. Covid and beyond has meant
				several revisions of these strategies and a
				revision of our restoration strategy meaning
				that targets for Phase 1 are now likely to be
				met.
				Apart from the major success, after the year
				end, of receiving the NHMF award, small
Performance offundraising activities against objectives			Para 1.41	successes were achieved during this period. We have also since received welcome
set				support from smaller funds such as Garfield
				Weston, Foyle Foundation, Brixham Councel
				and the National Warrant Holders
				Association. These and other pledges were
				secured and banked.
				A review ofpotential investment opportunities
Investment	performance			was made. No action has been taken to date.
against objectives			Para 1.41	The majority of charity funds will be required
				to meet our share ofPhase I repairs.
Other

Financ	ial	ial	Review	Review	Review	Review	Review
Review	of		the charity's							Para 1.21	At the end of this period of operation the
financial		position			at		the	end			Charity's financial position is considered tobe
ofthe period											satisfactory, with a continued excess of
											income over expenditure. This is due to an
											accumulation of granted funds secured for
											general purposes but earmarked for project
											expenditure. The subsequent decision after
											date to suspend paid sails and not allow any
											further damage to the boat, resulted in a loss
											of sailing income for the remaining two
											months ofthe 2022 season.
Statement			explaining				the			Para 1.22	At the present time the Trustees have agreed
policy for holding					reserves						that a prudent reserve to cover any
stating	why			they	are		held				unforeseen contingencies of at least
											f10,000.00should be maintained in the Bank
											Accounts ofthe CIO.
Amount		of	reserves				held			Para 1.22	f10,000.00
Reasons		for holding					zero			Para 1.22	N/A
reserves
Details	offund materially								in	Para 1.24	N/A
deficit
Explanation				ofany						Para 1.23	Our current situation operationally is that we
uncertainties				about the							have committed funds to support the Phase 1
charity	continuing					as a going					'Below the Water Line' repair works.
concern											Receiving further funding will be imperative to
											allow the 'above the waterline &decking' work
											necessary to complete the full repair to
											secure Vi ilance's future.
dditiona	l		Information					(optional)
ou ma		choose			to	include			further statements		where relevant about
											In this period of the CIO sources of income
											have continued to originate from fund raising
The charity's principal sources offunds (including										Para 1.47	activities in the local community, open to all members and the general public.
any fundraising)											Also specific pledges have been received
											resulting from successful funding
											applications.
											Income related to Torbay Lottery and use of
											Virgin Money Giving in conjunctions with
											events was also received.
											Trading income is now one of the charities
											main streams.
											The main funding success after date was the
											NHMF award.
Investment objectives			policy and including any							Para 1.46	NIA
social investment					policy
adopted
											The charities main commercial asset will not
											be fully operational without further major
A description				of	the		principal			Para 1.46	sponsors to support the Phase 2 repair work,
risks facin				the chari							durin 2023/24.

Description ofcharity's
trusts:
Type Of gOVerning dOCument	Para 1.25	Charity Commission		Model		Constitution			and
		dated 30th March 2016.
How is the charity	Para 1.25	Charitable Incorporated			Organisation			with a
constituted?		maximum ofseven		Trustees.
Trustee selection methods	Para 1.25	The present	Trustees		have		been	selected
including details ofany		with a view to	awide	ranging			and professional
constitutional provisions e.g.		background,	in order		to	complement			and
election to post or name of		enhance the	aims	and		objectives			of the
any person or body entitled		organisation.
to appoint one or more
trustees

					All new Trustees have	All new Trustees have	been provided	with	a
					copy of the Constitution, the Institute				of
Policies adopted	and procedures for the induction		and	Para 1.51	Fundraising guide and	Handbook, policy	the Essential Trustee documents where
training	oftrustees				appropriate.
					The charity	is made up ofTrustees/
					Directors, officers and		project teams.
The charity's		organisational
structure	and	any wider		Para 1.51	There 3official offices,		Chair / Sales &
network	with	which the			Marketing / Treasurer		&Secretary
charity works
					NIA
Relationship		with any related		Para 1.51
parties
Other

Chari	name			Friends of the Vi ilance
Other name the chari			uses
Re istered chari		number		1168570
Charity's	principal	address		5 Holwell Road,
				Brixham,
				Devon,
				TQ5 9NE

Year Ending 30th April					2022		2021
Receipts:
Grants - Culture Recovery Fund					13,500		87,000
Donations, Sponsorship	&Events				3,780		14,828
Missin Tackle Concert Donations					1,115
Torbay Lottery					1,556		1,470
Sailing Bookings					14,089		3,503
Merchandise Sales					3,529		66
Amazon Smile Donations					68		10
Bank Savings Interest Received					22		16
Fund Raising Events - Prior		Years
Gift Aid
Legacy
Sponsored Sky Dive
						37,659		106,893
Payments:
Repairs &Maintenance					13,190		3,803
Repairs &Maintenance 20/21					346
Insurance					5,464		5,861
Mooring Fees and Harbour		Dues			3,222		2,107
Purchase ofMerchandising		Stock			1,832
Event Costs					715
Purchase ofEquipment					38?		1,327
Professional Fees &Consultancy					3,443		1,155
Lottery Fund Bids Consultancy				Fees	1,050
Independent Audit/Examination				Fees			832
Postage, Printing, Stationery			&Telephone		1,197		317
Advertising &Promotion					1,071		287
Miscellaneous Subs &Fees					101		223
						32,018		15,912
VA7Adjustment:
Recoverable VAT					982		1,150
Recovered VAT from prior	Period			(20-21)	1,150
						169		1,150
						31,849		17,062
Net Surplus/(Deficit) for the Period						5,810		89,830
Bank Balances &Debtors at	start		ofthe year			133,141		43,311
Bank Balances and Debtors	at end ofthe year					138,950		133,141