## |Objecti|v|e|s and|Activ|itie|s|| |---|---|---|---|---|---|---|---| |||||||SORP reference|| |Summary||ofthe purposes|||of|Para 1.17|To
advance
ths
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
activities||ofthe main
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
of the vessel| |activities,||projects or||services|||Vigilance BM76.| |identified||in the accounts.|||||After Covid 19 restrictions
were eased
and| ||||||||our EOI 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
f820K, in May 2022, to rescue the| ||||||||boat and complete a below the line repair
in| ||||||||Stirling
8
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.
The NHMF has been approached| ||||||||to fund
the
increase
in
the
repair
budget| ||||||||caused
by discovered
issues 6 decay within| ||||||||the basic fabric ofthe boat.| |Statement|||confirming|||Para 1.18|All Trustees
have
had regard
and have also| |whether|the trustees|||have|||received
the guidance
notes
issued
by the| |had regard|||to ths guidance||||Charity
Commission
on public benefit.| |issued by||the Charity|||||| |Commission|||on public||||| |benefit|||||||| |Additional||Information
(optional)|||||| |You ma|choose to include||||further statements||where relevant
about:| |||||||SORP reference|| ||||||All
decisions|on
possible|on
possible|grants/donations|grants/donations| |---|---|---|---|---|---|---|---|---|---| |||||Para 1.38|have
been|taken
at a|full|meeting
of the|| |Policy on|grant making||||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|||||||||| ## |Achieve|men|ts|and Per|formance||| |---|---|---|---|---|---|---| |||||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|| |benefits to society as a|||||has succeeded|in generating
the necessary| |whole.|||||'partnership'
funding
required
by the NHMF.|| ||||||The
Fundraising
strategy
has
adapted|| ||||||several
times|over
time
to
maximise
our| ||||||efforts
and|deal
with
the
changing| ||||||circumstances.|| ||||||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| ||||||re ard to our|future as irations
and for the| |benefit of all|our|members|and for the|people| |---|---|---|---|---| |of Brixham|and|Torbay.|The trustees
are|| |investigating|possible||collaborations|with| |other
charities||and|sailing|based| |organisations.||||| ## |You ma|choose to include|choose to include|choose to include|further statements|where relevant
about|| |---|---|---|---|---|---|---| ||||||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
eriod.|| ||||||Apart from the major success, during|the year| |Performance|||offundraising||under
review,
of receiving
the NHMF|award,| |activities
set|against objectives|||Para 1.41|small successes
were also achieved
this period.|during| ||||||A review ofpotential
investment
opportunities|| |Investment||performance|||was made and are being pursued|| |against|objectives|||Para 1.41|The majority of charity funds
will be required|| ||||||to meet our share of Phase
1 repairs.|| |Other||||||| ## |Financ|ial
Review|ial
Review|ial
Review|ial
Review|ial
Review|ial
Review|ial
Review||||| |---|---|---|---|---|---|---|---|---|---|---|---| |Review|of the charity's|||||||||Pare 1.21|At the
end
of this
period
of operation
the| |financial||position at|||||the|end|||Charity's
financial
position is considered
to be| |ofthe period|||||||||||satisfactory. This is due to an accumulation
of| ||||||||||||granted
funds secured
for general
purposes| ||||||||||||but earmarked
for project expenditure.
The| ||||||||||||present
challenge
is to raise sufficient
funds| ||||||||||||to meet the increased
costs of the
repair.| ||||||||||||Both labour
rates
and
material
costs
have| ||||||||||||increased
since
the
boat
entered
the| ||||||||||||shipyard,
and discovered
issues which
have| ||||||||||||to be
addressed
have
taken
the
budget| ||||||||||||considerabl
over the ori
inal fi ure.| |Statement|||explaining||||the|||Pare 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|||Pare 1.22|810,000.00| |Reasons||for||holding|||zero|||Para 1.22|N/A| |reserves|||||||||||| |Details
deficit
concern|of fund materially||||||||in|Para 1.24|N/A| |Explanation||||ofany||||||Para 1.23|Our current
situation
operationally
is that we| |uncertainties||||about the|||||||have committed
funds to support the original| |charity|continuing|||||as a going|||||budget
of Phase
1 'Below the Water
Line'| ||||||||||||repair works. Funds are required
to complete| ||||||||||||the new work identified,
and mandated
by our| ||||||||||||Marine Surveyor,
for repairing
up to the sheer| ||||||||||||line.
Receiving
further
funding
will
be| ||||||||||||imperative
to
allow
the
decking
work| ||||||||||||necessary
to
complete
the
full
repair
to| ||||||||||||secure Vi ilance's future.| |Additional||Information||||||(optional)|||| |You 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 (induding||||||||||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
&
Just
Giving
in| ||||||||||||conjunctions
with events was also received.| ||||||||||||Trading
income
is now one of the charities| ||||||||||||main streams.| ||||||||||||The
main
funding
success
during
the year| ||||||||||||was the NHMF award.| |Investment
objectives||policy
induding|||and
any|||||Para 1.46|| |social investment|||||policy||||||| |adopted|||||||||||| ||||The charities
main commercial
asset|The charities
main commercial
asset|The charities
main commercial
asset|will|will|not| |---|---|---|---|---|---|---|---|---| ||||be
fully
operational|without
further|||major|| |A description|ofthe principal|Para 1.46|sponsors to support|the balance ofPhase||||1 &| |risks facing|the charity||Phase 2 repair work,|during 2023/24.||||| |Structure,|Governance|and Management||||||| |Description|ofcharity's|||||||| |trusfs:||||||||| |Type of governing
document||Para 1.26|Charity
Commission|Model Constitution|||and|| ||||dated 30th March 2016.|||||| |How is the charity||Para 1.25|Charitable
Incorporated
Organisation|||with||a| |constituted7|||maximum
ofseven Trustees.|||||| |Trustee selection methods||Para 1.26|The present
Trustees
have
been||selected|||| |including
details ofany|||with a view to a wide|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|||At present the board|if made up of 6|trustees|||| |trustees||||||||| ## ## |ou ma||choo|se to include|furth|er statements|where relevant
about|where relevant
about|where relevant
about|||| |---|---|---|---|---|---|---|---|---|---|---|---| |||||||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
documents|Trustee
where|| |training||oftrustees||||appropriate.|||||| |||||||The charity||is made up ofTrustees/|||| |The charity's|||organisational|||Directors,|officers and||project teams.||| |structure
network||and
with|any wider
which the||Para 1.51|There are|3|official offices, Chair / Sales &|||| |charit|works|||||Marketin|/ Treasurer||&Secreta||| |Relationship|||with any related||||||||| |parties|||||Para 1.61||||||| |Other|||||||||||| ## |Chari|name|||Friends of the Vi ilance| |---|---|---|---|---| |Other name the chari|||uses|| |Re istered char'||number||1168570| |Charity's|principal|address||13Deep Dene Close,| |||||Brixham,| |||||Devon,| |||||TQ5 ODZ.| |mes ofthe charity|trustees
who manag|trustees
who manag|e the|charity|| |---|---|---|---|---|---| |Trustee name|Office lif sny)|||Dates acted
ear|Ifnot for whole| |Neil Murray|Chair/Trustee|||Appointed|07/09/2020| |Nigel Gooding|Treasurer,|Secretary||Appointed|07/09/2020| ||&Trustee||||| |Clive Robson|Sales, Marketing||&|Appointed|07/09/2020| ||Trustee|||Resigned|22/08/2023| |Peter Milligan|Trustee|||Appointed|21/03/2023| |Colin Mawbey|Trustee|||Appointed|13/06/2023| |Heather
Keeling|Trustee|||Appointed|17/07/2023| |Carolyn
Brown|Trustee|||Appointed|17/10/2023| ## ## ## ## ## |||||2023|2022| |---|---|---|---|---|---| |Rece/
ts:|||||| |Grants-Culture
Recovery|Fund||||11,000| |Grants-
NHMF||||166,139|| |Grants- Council &Community||||5,000|| |Grants-Corporate||||60,650|| |Donations,
Sponsorship|& Events|||6,011|3,665| |Missin Tackle Concert Donations|||||1,115| |Torbay Lottery||||926|1,458| |Sailing Bookings||||550|12,661| |Merchandise
Sales||||2,072|3,401| |Amazon
Smile Donations||||69|68| |Bank Savings Interest Received||||197|12| |Sundry income||||92|| |||||240,606|33,380| |Pa ments|||||| |Repairs
& Maintenance||||248,678|12,638| |Repairs
& Maintenance
20/21|||||346| |Insurance||||7,002|5,464| |Mooring Fees and Harbour||Dues||4,150|1,400| |Running
costs||||88|| |Purchase of Merchandising||Stock||1,650|1,409| |Event Costs||||477|715| |Purchase of Equipment||||914|387| |Galley & refreshment
supplies||||190|| |Professional
Fees &Consultancy||||4,729|3,055| |Sage Accounting-Finance|Package|||180|15| |Lottery Fund Bids Consultancy|||Fees||1,050| |Independent
Examination|Fees|||450|| |Postage,
Printing,
Stationery|||&Telephone|830|1,038| |Marketing
& media||||1,568|879| |Internet,
website
&software||||969|| |Travel
&subsistence||||483|| |Bank charges||||386|| |Miscellaneous
Subs &Fees||||185|100| |||||272,157|28,496| |VA7 Adjustment|||||| |Recoverable
VAT||||952|695| |Recovered
VAT from Prior Period 20/21|||||1,150| |||||271,205|28,041| |Net Surplus/(Deficit)
for the Period||||30,599|5,339| |Bank Balances
at start of the|year|||138480|133,141| |Bank Balances
at end ofthe|year|||107,881|138,480| ## |||||2023|2022| |---|---|---|---|---|---| |Assets:|||||| |Fixed|Assets:||||| ||Vigilance|Heritage|Trawler||| |Cash|Funds||||| ||Nat West|Current|Account|3,194|1,772| ||Nat West|Savings|Account|86,082|123,555| ||CAF Bank|Current|Account|1,184|1,044| ||CAF Bank|Savings|Account|16,631|9,001| ||PayPal Account|||745|3,108| ||Petty cash|||45|| |Total|Cash Funds|||107,881|138,480| |Debtors|||||| ||VAT Recoverable||||695| |Total|Debtors||||1,150| |Liabilties|||||| ||Creditors||||| ||Accrued expenses|||450|960| |Total|Liabilties|||450|960| ## ## ## ##