## ## ## |||||||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| ## ## ## ##