Trustees’ Annual Report for the period
From 1st May 2023 to 30th April 2024 (12 months)
Charity name: FRIENDS OF THE VIGILANCE CIO
Charity registration number: 1168570
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 preservation and conservation of the Brixham based heritage sailing trawler “Vigilance BM76” for the public benefit and, To advance education for the public benefit in the subject of Vigilance BM76, sail trawlers and the social, industrial, and sailing heritage and history associated with this. |
| 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 |
Fund raising by the Fundraising team and social committee of Friends of the Vigilance to provide ongoing finance for the purposes of restoration and conservation of the vessel Vigilance BM76. Work had begun to repair Vigilance ‘to the waterline’, in January 2023, funded by a grant of £820,000 from the National Heritage Memorial Fund, and Vigilance funds of £145,000. It rapidly became clear that structural deterioration meant the waterline limitation was inappropriate, and efforts began to secure funds to continue to deck level. At the end of November the NHMF agreed to extend our grant to £1,120,000 to enable work to continue to deck level. Further funds would be required to complete replacement of the deck and repairs to upperworks, and at the year end an application was made to the National Lottery Heritage Fund for a further £250,000 to complete this work. This application was approved in June 2024. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | All Trustees have had regard to and have received the guidance notes issued by the Charity Commission 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 | All decisions on possible grants/donations have been taken at a full meeting of the Trustees. |
| Policy on social investment including program related investment |
Para 1.38 | N/A |
| Contribution made by volunteers |
Para 1.38 | All Trustees and Members are willing volunteers and continue to give of their time without any remuneration. It is also commendable that the contributions of volunteers have continued to be significant throughout the time since Vigilance left Brixham for works to be undertaken. |
| 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 | While the majority of financial movement, in and out, has related to the major works under way, other minor income streams have remained steady including retail income from trading Vigilance and her brand. Donations in this period to “Vigilance BM76” have included receipt of pledges to be used for general purposes ‘safety net’ and have continued to support the necessary ‘partnership’ funding required by the NHMF. The Fundraising strategy continues to adapt over time to maximise the results of our efforts in response to changing circumstances. Trustees have continued to be proactive in this period in encouraging, recruiting and training new volunteers with the requisite skills to continue to achieve our Aims and Objectives. Much effort has been given to improving our structure / organisation with regard to our future aspirations 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, for example by having regular co-operation meetings with Pilgrim BM45. |
Additional information (optional)
You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | General objectives were set in the period towards possible avenues of grant funding and NHMF project targets. Our fundraising strategy was adapted to reflect new project targets, in particular in adjusting to the revised work programme, and to secure funds to complete deck replacement. |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | The increase in the NHMF award of £300,000 was a major achievement, and other, smaller, successes were also achieved during this period. Further funds were secured in June 2024, in the form of a grant of £250,000 from the Heritage Lottery Fund, and donations from local individuals amounting to around £34,000 to date, enabling deck replacement to proceed. |
| Investment performance against objectives |
Para 1.41 | The majority of charity funds are required to meet our share of Phase 1 and 2 repairs. Further fundraising is under way to secure funds needed to complete deck replacement before Vigilance returns to Brixham. |
| Other |
Financial Review
| Review of the charity’s financial position at the end of the period |
Para 1.21 | At the end of this period of operation the Charity’s financial position is considered to be satisfactory. With the increase in funding for the NHMF-funded works, major expenditure is proceeding to plan, and at the end of the financial year measures were well advanced to secure the funds to complete works to the deck and above. Budget has been amended to deal with increases in labour rates and material costs reported previously, and the revised work plan to deck level was on target. |
|---|---|---|
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The Trustees have agreed that a prudent reserve of at least £10,000.00 to cover any unforeseen contingencies should be maintained in the Bank Accounts of the CIO. |
| Amount of reserves held | Para 1.22 | £10,000.00 |
| 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 | At the end of the year under report, funds had been secured to enable the revised programme of works to deck level to proceed. Further funding needed to enable works to the deck and above to be completed, gained approval four months two months into the new financial year. Efforts to raise charitable funds from individuals to support this were also under way. |
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
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 | In this period the CIO sources of income have continued to originate from fund raising activities in the local community, open to both members and the general public. Additionally specific pledges have been received followiing 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 extension of the NHMF award. |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | N/A |
| A description of the principal risks facing the charity |
Para 1.46 | The charity’s main commercial asset will not be fully operational without further major |
sponsors to support the balance of Phase 1 & Phase 2 repair work, during 2023/24/25.
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document | Para 1.25 | Charity Commission Model Constitution and dated 30th March 2016. |
| How is the charity constituted? |
Para 1.25 | Charitable Incorporated Organisation with a maximum of seven Trustees. |
| 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 | The present Trustees have been selected with a view to a wide ranging and professional background, in order to complement and enhance the aims and objectives of the organisation. Neil Murray stood down as Chair of Trustees at the 2023 AGM, and he was succeeded by Colin Mawbey. Following Colin’s passing in February 2024, the role of Chair was undertaken temporarily by Peter Milligan, and passed to Rob Murray in July 2024. At present the board is made up of 5 trustees |
| Additional information (optional) You may choose to include further statements where relevant about: |
||
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | All new Trustees have been provided with a copy of the Constitution, the Institute of Fundraising Handbook, the Essential Trustee guide and policy documents where appropriate. |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | The charity is made up of Trustees/ Directors, officers and project teams. There are 3 official offices, Chair, Treasurer & Secretary |
| Relationship with any related parties |
Para 1.51 | N/A |
| Other |
Reference and Administrative details
| Charity name | Friends of the Vigilance |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1168570 |
| Charity’s principal address | 13 Deep Dene Close, Brixham, Devon, TQ5 0DZ. |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 1 0 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
|---|---|---|---|
| Neil Murray | Chair/Trustee | Appointed 07/09/2020 Resigned 07/11/2023 |
|
Nigel Gooding |
Treasurer/Trustee | Appointed 07/09/2020 Resigned as trustee 07/11/2023 |
|
| Clive Robson | Sales, Marketing & Trustee |
Appointed 07/09/2020 Resigned 22/08/2023 |
|
Peter Milligan |
Trustee & Secretary Acting Chair (February-July2024) |
Appointed 21/03/2023 | |
| Colin Mawbey | Trustee/Chair | Appointed 13/06/2023 Deceased 09/02/2024 |
|
| Heather Keeling | Trustee | Appointed 17/07/2023 | |
| Carolyn Brown | Trustee | Appointed 17/10/2023 | |
| Rev Christopher North | Trustee | Appointed 07/11/2023 | |
| Rob Murray | Trustee (Chair from July2024) |
Appointed 18/07/2024 | |
– Corporate trustees names of the directors at the date the report was approved
Director name N/A
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| N/A | ||
Funds held as custodian trustees on behalf of others
Description of the assets None held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
==> picture [306 x 77] intentionally omitted <==
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of adviser Name Address |
Type of adviser Name Address |
Type of adviser Name Address |
|
|---|---|---|---|
| Accountant | Ian Barrett FCA FCIE |
22 Union Street Newton Abbot Devon TQ12 2JS | |
| Name of chief executive or names of senior staff members (Optional information) | |||
Exemptions from disclosure
Reason for non-disclosure of key personnel details
N/A
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) Rob Murray Full name(s) Rob Murray Position: Chair of Trustees Date 30th October 2024
REGISTERED CHARITY NUMBER: 1168570
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
FOR
FRIENDS OF THE VIGILANCE CIO
Barretts
Chartered Accountants & Chartered Tax Advisers
22 Union Street Newton Abbot Devon TQ12 2JS
FRIENDS OF THE VIGILANCE CIO
CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Cash Flow Statement | 7 | ||
| Notes to the Cash Flow Statement | 8 | ||
| Notes to the Financial Statements | 9 | to | 12 |
| Detailed Statement of Financial Activities | 13 |
FRIENDS OF THE VIGILANCE CIO
REPORT OF THE TRUSTEES
for the Year Ended 30 April 2024
The trustees present their report with the financial statements of the charity for the year ended 30 April 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To advance the preservation and conservation of the Brixham based heritage sailing trawler "Vigilance BM76" for the public benefit and,
To advance education for the public benefit in the subject of Vigilance BM76, sail trawlers and the social, industrial, and sailing heritage and history associated with this.
Significant activities
Fund raising by the Fundraising team and social committee of Friends of the Vigilance to provide ongoing finance for the purposes of restoration and conservation of the vessel Vigilance BM76.
Work had begun to repair Vigilance 'to the waterline', in January 2023, funded by a grant of £820,000 from the National Heritage Memorial Fund, and Vigilance funds of £145,000. It rapidly became clear that structural deterioration meant the waterline limitation was inappropriate, and efforts began to secure funds to continue to deck level. At the end of November the NHMF agreed to extend our grant to £1,120,000 to enable work to continue to deck level. Further funds would be required to complete replacement of the deck and repairs to upperworks, and at the year end an application was made to the National Lottery Heritage Fund for a further £250,000 to complete this work. This application was approved in June 2024.
Public benefit
All Trustees have had regard and have also received the guidance notes issued by the Charity Commission on public benefit.
Grantmaking
All decisions on possible grants/donations have been taken at a full meeting of the Trustees.
Volunteers
All Trustees and Members are willing volunteers and continue to give of their time without any remuneration. It is also commendable that the contributions of volunteers have continued to be significant throughout the time since Vigilance left Brixham for works to be undertaken.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
While the majority of financial movement, in and out, has related to the major works under way, other minor income streams have remained steady including retail income from trading Vigilance and her brand.
Donations in this period to "Vigilance BM76" have included receipt of pledges to be used for general purposes 'safety net' and has continued to support the necessary 'partnership' funding required by the NHMF. The Fundraising strategy continues to adapt over time to maximise our efforts and respond to 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 regard to our future aspirations 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, for example by having regular co-operation meetings with Pilgrim BM45.
General objectives were set in the period towards possible avenues of grant funding and NHMF project targets. Our fundraising strategy was adapted to reflect new project targets, in particular in adjusting to the revised work programme, and to secure funds to complete deck replacement.
Page 1
FRIENDS OF THE VIGILANCE CIO
for the Year Ended 30 April 2024
REPORT OF THE TRUSTEES
ACHIEVEMENT AND PERFORMANCE
Fundraising activities
The increase in the NHMF award of £300,000 was a major achievement, and other, smaller, successes were also achieved during this period. Further funds were secured in June 2024, in the form of a grant of £250,000 from the Heritage Lottery Fund, and donations from local individuals amounting to around £34,000 to date, enabling deck replacement to proceed.
Investment performance
The majority of charity funds are required to meet our share of Phase 1 and 2 repairs. Further fundraising is under way to secure the funds needed to complete deck replacement before Vigilance returns to Brixham.
Internal and external factors
The charity's main commercial asset will not be fully operational without further major sponsors to support the balance of Phase 1 & Phase 2 repair work, during 2023/24/25.
FINANCIAL REVIEW
Financial position
At the end of this period of operation the Charity's financial position is considered to be satisfactory. With the increase in funding for the NHMF-funded works, major expenditure is proceeding to plan, and at the end of the financial year measures were well advanced to secure the finds to complete works to the deck and above. Budget has been amended to deal with increases in labour rates and material costs reported previously, and the revised work plan to deck level was on target.
Principal funding sources
In this period of the CIO sources of income have continued to originate from fund raising activities in the local community, open to all members and the general public.
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 extension of the NHMF award.
Reserves policy
The Trustees have agreed that a prudent reserve to cover any unforeseen contingencies of at least £10,000 should be maintained in the Bank Accounts of the CIO.
Going concern
At the end of the year under report, funds had been secured to enable the revised programme of works to deck level to proceed. Further funding is needed to enable works to the deck and above to be completed, with decisions on applications expected in the first two months of the new financial year. Efforts to raise charitable funds from individuals to support this were also under way.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Charity Commission Model Constitution for an Association CIO, dated 30th March 2016.
Recruitment and appointment of new trustees
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 The present Trustees have been selected with a view to a wide ranging and professional background, in order to complement and enhance the aims and objectives of the organisation. Neil Murray stood down as Chair of Trustees at the 2023 AGM, and he was succeeded by Colin Mawbey. Following Colin's passing in February 2024, the role of Chair was undertaken temporarily by Peter Milligan, and passed to Rob Murray in July 2024.
At present the board if made up of 5 trustees.
Induction and training of new trustees
All new Trustees have been provided with a copy of the Constitution, the Institute of Fundraising Handbook, the Essential Trustee guide and policy documents where appropriate.
Page 2
FRIENDS OF THE VIGILANCE CIO
REPORT OF THE TRUSTEES
for the Year Ended 30 April 2024
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1168570
Principal address
Friends of Vigilance CIO C/o Nigel Gooding 13 Deep Dene Close Brixham Devon TQ5 0DZ
Trustees
N Murray Chair (resigned 7.11.23) N Gooding Treasurer (resigned 7.11.23) C Robson (resigned 22.8.23) P Milligan Secretary and acting chair to July 2024 C Mawbey (appointed 13.6.23) (resigned 9.2.24) Ms H Keeling (appointed 17.7.23) Ms C Brown (appointed 17.10.23) Rev C D North (appointed 7.11.23) R C Murray (appointed 18.8.24)
Independent Examiner
Ian Barrett FCA FCIE Barretts Chartered Accountants & Chartered Tax Advisers 22 Union Street Newton Abbot Devon TQ12 2JS
Approved by order of the board of trustees on 30 September 2024 and signed on its behalf by:
R C Murray - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRIENDS OF THE VIGILANCE CIO
Independent examiner's report to the trustees of Friends of the Vigilance CIO
I report to the charity trustees on my examination of the accounts of Friends of the Vigilance CIO (the Trust) for the year ended 30 April 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Ian Barrett FCA FCIE
Barretts Chartered Accountants & Chartered Tax Advisers 22 Union Street Newton Abbot Devon TQ12 2JS
8 November 2024
Page 4
FRIENDS OF THE VIGILANCE CIO
STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 April 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 553,399 Other trading activities 3 3,543 Investment income 4 1,466 Total 558,408 EXPENDITURE ON Charitable activities 5 Charitable activities 622,212 NET INCOME/(EXPENDITURE) (63,804) RECONCILIATION OF FUNDS Total funds brought forward 108,735 TOTAL FUNDS CARRIED FORWARD 44,931 |
2023 Total funds £ 234,123 |
|---|---|
| 6,286 | |
| 197 | |
| 240,606 | |
| 272,157 | |
| (31,551) | |
| 140,286 | |
| 108,735 |
The notes form part of these financial statements
Page 5
FRIENDS OF THE VIGILANCE CIO
BALANCE SHEET
30 April 2024
| 2024 Unrestricted fund Notes £ FIXED ASSETS Heritage assets 8 1 CURRENT ASSETS Debtors 9 10,131 Cash at bank and in hand 90,332 100,463 CREDITORS Amounts falling due within one year 10 (55,533) NET CURRENT ASSETS 44,930 TOTAL ASSETS LESS CURRENT LIABILITIES 44,931 NET ASSETS 44,931 FUNDS 11 Unrestricted funds 44,931 TOTAL FUNDS 44,931 |
2023 Total funds £ 1 853 107,881 |
|---|---|
| 108,734 | |
| - 108,734 108,735 |
|
| 108,735 | |
| 108,735 108,735 |
The financial statements were approved by the Board of Trustees and authorised for issue on 30 September 2024 and were signed on its behalf by:
R C Murray - Trustee
The notes form part of these financial statements
Page 6
FRIENDS OF THE VIGILANCE CIO
CASH FLOW STATEMENT
for the Year Ended 30 April 2024
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash used in operating activities Cash flows from investing activities Interest received Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2024 £ (19,015) (19,015) 1,466 1,466 (17,549) 107,881 90,332 |
2023 |
|---|---|---|
| £ | ||
| (32,601) (32,601) 197 197 (32,404) 140,285 107,881 |
The notes form part of these financial statements
Page 7
FRIENDS OF THE VIGILANCE CIO
NOTES TO THE CASH FLOW STATEMENT for the Year Ended 30 April 2024
1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
| ACTIVITIES | ||
|---|---|---|
| Net expenditure for the reporting period (as per the Statement of Financial Activities) Adjustments for: Interest received Increase in debtors Increase in creditors Net cash used in operations |
2024 £ (63,804) (1,466) (9,278) 55,533 (19,015) |
2023 |
| £ (31,551) (197) (853) - (32,601) |
2.
ANALYSIS OF CHANGES IN NET FUNDS
| At 1.5.23 | Cash flow | At 30.4.24 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 107,881 | (17,549) | 90,332 |
| 107,881 | (17,549) | 90,332 | |
| Total | 107,881 | (17,549) | 90,332 |
The notes form part of these financial statements
Page 8
FRIENDS OF THE VIGILANCE CIO
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 30 April 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. DONATIONS AND LEGACIES
| Donations Gift aid Grants Other income Grants received, included in the above, are as follows: Other grants |
2024 £ 2,428 237 548,392 2,342 553,399 2024 £ 548,392 |
2023 |
|---|---|---|
| £ | ||
| 1,316 - 231,789 1,018 234,123 |
||
| 2023 | ||
| £ 231,789 |
continued...
Page 9
FRIENDS OF THE VIGILANCE CIO
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024
3. OTHER TRADING ACTIVITIES
| 3. | OTHER TRADING ACTIVITIES | ||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Fundraising events | 2,773 | 4,764 | |
| Sailing and merchandise income | 770 | 1,522 | |
| 3,543 | 6,286 | ||
| 4. | INVESTMENT INCOME | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Deposit account interest | 1,466 | 197 | |
| 5. | CHARITABLE ACTIVITIES COSTS | ||
| Direct | |||
| Costs | |||
| £ | |||
| Charitable activities | 622,212 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 April 2024 nor for the year ended 30 April 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 April 2024 nor for the year ended 30 April 2023.
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 234,123 |
| Other trading activities | 6,286 |
| Investment income | 197 |
| Total | 240,606 |
| EXPENDITURE ON | |
| Charitable activities | |
| Charitable activities | 272,157 |
| NET INCOME/(EXPENDITURE) | (31,551) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 140,286 |
| TOTAL FUNDS CARRIED FORWARD | 108,735 |
continued...
Page 10
FRIENDS OF THE VIGILANCE CIO
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 April 2024
| 8. HERITAGE ASSETS MARKET VALUE At 1 May 2023 and 30 April 2024 NET BOOK VALUE At 30 April 2024 At 30 April 2023 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR VAT 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors 11. MOVEMENT IN FUNDS At 1.5.23 £ Unrestricted funds General fund 108,735 TOTAL FUNDS 108,735 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 558,408 TOTAL FUNDS 558,408 |
Total £ 1 1 1 2024 2023 £ £ 10,131 853 2024 2023 £ £ 55,533 - Net movement At in funds 30.4.24 £ £ (63,804) 44,931 (63,804) 44,931 Resources Movement expended in funds £ £ (622,212) (63,804) (622,212) (63,804) |
Total £ 1 1 |
||
|---|---|---|---|---|
| 1 | ||||
| 2023 £ |
||||
| 853 | ||||
| 2023 £ |
||||
| - | ||||
continued...
Page 11
FRIENDS OF THE VIGILANCE CIO
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 April 2024
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.5.22 £ Unrestricted funds General fund 140,286 TOTAL FUNDS 140,286 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 240,606 TOTAL FUNDS 240,606 |
Net movement At in funds 30.4.23 £ £ (31,551) 108,735 (31,551) 108,735 Resources Movement expended in funds £ £ (272,157) (31,551) (272,157) (31,551) |
|---|---|
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 April 2024.
Page 12
FRIENDS OF THE VIGILANCE CIO
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 30 April 2024
INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Grants Other income Other trading activities Fundraising events Sailing and merchandise income Investment income Deposit account interest Total incoming resources EXPENDITURE Charitable activities Fundraising events Merchandise Marketing and media Rent and mooring fees Running costs Major repair project Equipment purchase and rental Insurance Travel and subsistence Printing, postage and stationery Internet and website Telephone Consultancy and professional fees Bank charges Subscriptions No description Total resources expended Net expenditure |
2024 £ 2,428 237 548,392 2,342 553,399 2,773 770 3,543 1,466 558,408 302 3 337 2,394 1,565 603,074 291 6,791 103 460 2,344 138 2,929 42 1,439 - 622,212 622,212 (63,804) |
2023 £ 1,316 - 231,789 1,018 234,123 4,764 1,522 6,286 197 240,606 477 1,650 1,568 4,150 3,567 245,306 914 7,002 483 642 1,150 188 5,179 (386) 185 82 272,157 272,157 (31,551) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 13
REGISTERED CHARITY NUMBER: 1168570
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024
FOR
FRIENDS OF THE VIGILANCE CIO
Barretts
Chartered Accountants & Chartered Tax Advisers
22 Union Street Newton Abbot Devon TQ12 2JS
FRIENDS OF THE VIGILANCE CIO
CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Cash Flow Statement | 7 | ||
| Notes to the Cash Flow Statement | 8 | ||
| Notes to the Financial Statements | 9 | to | 12 |
| Detailed Statement of Financial Activities | 13 |
FRIENDS OF THE VIGILANCE CIO
REPORT OF THE TRUSTEES
for the Year Ended 30 April 2024
The trustees present their report with the financial statements of the charity for the year ended 30 April 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To advance the preservation and conservation of the Brixham based heritage sailing trawler "Vigilance BM76" for the public benefit and,
To advance education for the public benefit in the subject of Vigilance BM76, sail trawlers and the social, industrial, and sailing heritage and history associated with this.
Significant activities
Fund raising by the Fundraising team and social committee of Friends of the Vigilance to provide ongoing finance for the purposes of restoration and conservation of the vessel Vigilance BM76.
Work had begun to repair Vigilance 'to the waterline', in January 2023, funded by a grant of £820,000 from the National Heritage Memorial Fund, and Vigilance funds of £145,000. It rapidly became clear that structural deterioration meant the waterline limitation was inappropriate, and efforts began to secure funds to continue to deck level. At the end of November the NHMF agreed to extend our grant to £1,120,000 to enable work to continue to deck level. Further funds would be required to complete replacement of the deck and repairs to upperworks, and at the year end an application was made to the National Lottery Heritage Fund for a further £250,000 to complete this work. This application was approved in June 2024.
Public benefit
All Trustees have had regard and have also received the guidance notes issued by the Charity Commission on public benefit.
Grantmaking
All decisions on possible grants/donations have been taken at a full meeting of the Trustees.
Volunteers
All Trustees and Members are willing volunteers and continue to give of their time without any remuneration. It is also commendable that the contributions of volunteers have continued to be significant throughout the time since Vigilance left Brixham for works to be undertaken.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
While the majority of financial movement, in and out, has related to the major works under way, other minor income streams have remained steady including retail income from trading Vigilance and her brand.
Donations in this period to "Vigilance BM76" have included receipt of pledges to be used for general purposes 'safety net' and has continued to support the necessary 'partnership' funding required by the NHMF. The Fundraising strategy continues to adapt over time to maximise our efforts and respond to 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 regard to our future aspirations 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, for example by having regular co-operation meetings with Pilgrim BM45.
General objectives were set in the period towards possible avenues of grant funding and NHMF project targets. Our fundraising strategy was adapted to reflect new project targets, in particular in adjusting to the revised work programme, and to secure funds to complete deck replacement.
Page 1
FRIENDS OF THE VIGILANCE CIO
for the Year Ended 30 April 2024
REPORT OF THE TRUSTEES
ACHIEVEMENT AND PERFORMANCE
Fundraising activities
The increase in the NHMF award of £300,000 was a major achievement, and other, smaller, successes were also achieved during this period. Further funds were secured in June 2024, in the form of a grant of £250,000 from the Heritage Lottery Fund, and donations from local individuals amounting to around £34,000 to date, enabling deck replacement to proceed.
Investment performance
The majority of charity funds are required to meet our share of Phase 1 and 2 repairs. Further fundraising is under way to secure the funds needed to complete deck replacement before Vigilance returns to Brixham.
Internal and external factors
The charity's main commercial asset will not be fully operational without further major sponsors to support the balance of Phase 1 & Phase 2 repair work, during 2023/24/25.
FINANCIAL REVIEW
Financial position
At the end of this period of operation the Charity's financial position is considered to be satisfactory. With the increase in funding for the NHMF-funded works, major expenditure is proceeding to plan, and at the end of the financial year measures were well advanced to secure the finds to complete works to the deck and above. Budget has been amended to deal with increases in labour rates and material costs reported previously, and the revised work plan to deck level was on target.
Principal funding sources
In this period of the CIO sources of income have continued to originate from fund raising activities in the local community, open to all members and the general public.
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 extension of the NHMF award.
Reserves policy
The Trustees have agreed that a prudent reserve to cover any unforeseen contingencies of at least £10,000 should be maintained in the Bank Accounts of the CIO.
Going concern
At the end of the year under report, funds had been secured to enable the revised programme of works to deck level to proceed. Further funding is needed to enable works to the deck and above to be completed, with decisions on applications expected in the first two months of the new financial year. Efforts to raise charitable funds from individuals to support this were also under way.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Charity Commission Model Constitution for an Association CIO, dated 30th March 2016.
Recruitment and appointment of new trustees
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 The present Trustees have been selected with a view to a wide ranging and professional background, in order to complement and enhance the aims and objectives of the organisation. Neil Murray stood down as Chair of Trustees at the 2023 AGM, and he was succeeded by Colin Mawbey. Following Colin's passing in February 2024, the role of Chair was undertaken temporarily by Peter Milligan, and passed to Rob Murray in July 2024.
At present the board if made up of 5 trustees.
Induction and training of new trustees
All new Trustees have been provided with a copy of the Constitution, the Institute of Fundraising Handbook, the Essential Trustee guide and policy documents where appropriate.
Page 2
FRIENDS OF THE VIGILANCE CIO
REPORT OF THE TRUSTEES
for the Year Ended 30 April 2024
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1168570
Principal address
Friends of Vigilance CIO C/o Nigel Gooding 13 Deep Dene Close Brixham Devon TQ5 0DZ
Trustees
N Murray Chair (resigned 7.11.23) N Gooding Treasurer (resigned 7.11.23) C Robson (resigned 22.8.23) P Milligan Secretary and acting chair to July 2024 C Mawbey (appointed 13.6.23) (resigned 9.2.24) Ms H Keeling (appointed 17.7.23) Ms C Brown (appointed 17.10.23) Rev C D North (appointed 7.11.23) R C Murray (appointed 18.8.24)
Independent Examiner
Ian Barrett FCA FCIE Barretts Chartered Accountants & Chartered Tax Advisers 22 Union Street Newton Abbot Devon TQ12 2JS
Approved by order of the board of trustees on 30 September 2024 and signed on its behalf by:
R C Murray - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRIENDS OF THE VIGILANCE CIO
Independent examiner's report to the trustees of Friends of the Vigilance CIO
I report to the charity trustees on my examination of the accounts of Friends of the Vigilance CIO (the Trust) for the year ended 30 April 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Ian Barrett FCA FCIE
Barretts Chartered Accountants & Chartered Tax Advisers 22 Union Street Newton Abbot Devon TQ12 2JS
8 November 2024
Page 4
FRIENDS OF THE VIGILANCE CIO
STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 April 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 553,399 Other trading activities 3 3,543 Investment income 4 1,466 Total 558,408 EXPENDITURE ON Charitable activities 5 Charitable activities 622,212 NET INCOME/(EXPENDITURE) (63,804) RECONCILIATION OF FUNDS Total funds brought forward 108,735 TOTAL FUNDS CARRIED FORWARD 44,931 |
2023 Total funds £ 234,123 |
|---|---|
| 6,286 | |
| 197 | |
| 240,606 | |
| 272,157 | |
| (31,551) | |
| 140,286 | |
| 108,735 |
The notes form part of these financial statements
Page 5
FRIENDS OF THE VIGILANCE CIO
BALANCE SHEET
30 April 2024
| 2024 Unrestricted fund Notes £ FIXED ASSETS Heritage assets 8 1 CURRENT ASSETS Debtors 9 10,131 Cash at bank and in hand 90,332 100,463 CREDITORS Amounts falling due within one year 10 (55,533) NET CURRENT ASSETS 44,930 TOTAL ASSETS LESS CURRENT LIABILITIES 44,931 NET ASSETS 44,931 FUNDS 11 Unrestricted funds 44,931 TOTAL FUNDS 44,931 |
2023 Total funds £ 1 853 107,881 |
|---|---|
| 108,734 | |
| - 108,734 108,735 |
|
| 108,735 | |
| 108,735 108,735 |
The financial statements were approved by the Board of Trustees and authorised for issue on 30 September 2024 and were signed on its behalf by:
R C Murray - Trustee
The notes form part of these financial statements
Page 6
FRIENDS OF THE VIGILANCE CIO
CASH FLOW STATEMENT
for the Year Ended 30 April 2024
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash used in operating activities Cash flows from investing activities Interest received Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2024 £ (19,015) (19,015) 1,466 1,466 (17,549) 107,881 90,332 |
2023 |
|---|---|---|
| £ | ||
| (32,601) (32,601) 197 197 (32,404) 140,285 107,881 |
The notes form part of these financial statements
Page 7
FRIENDS OF THE VIGILANCE CIO
NOTES TO THE CASH FLOW STATEMENT for the Year Ended 30 April 2024
1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
| ACTIVITIES | ||
|---|---|---|
| Net expenditure for the reporting period (as per the Statement of Financial Activities) Adjustments for: Interest received Increase in debtors Increase in creditors Net cash used in operations |
2024 £ (63,804) (1,466) (9,278) 55,533 (19,015) |
2023 |
| £ (31,551) (197) (853) - (32,601) |
2.
ANALYSIS OF CHANGES IN NET FUNDS
| At 1.5.23 | Cash flow | At 30.4.24 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 107,881 | (17,549) | 90,332 |
| 107,881 | (17,549) | 90,332 | |
| Total | 107,881 | (17,549) | 90,332 |
The notes form part of these financial statements
Page 8
FRIENDS OF THE VIGILANCE CIO
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 30 April 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. DONATIONS AND LEGACIES
| Donations Gift aid Grants Other income Grants received, included in the above, are as follows: Other grants |
2024 £ 2,428 237 548,392 2,342 553,399 2024 £ 548,392 |
2023 |
|---|---|---|
| £ | ||
| 1,316 - 231,789 1,018 234,123 |
||
| 2023 | ||
| £ 231,789 |
continued...
Page 9
FRIENDS OF THE VIGILANCE CIO
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024
3. OTHER TRADING ACTIVITIES
| 3. | OTHER TRADING ACTIVITIES | ||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Fundraising events | 2,773 | 4,764 | |
| Sailing and merchandise income | 770 | 1,522 | |
| 3,543 | 6,286 | ||
| 4. | INVESTMENT INCOME | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Deposit account interest | 1,466 | 197 | |
| 5. | CHARITABLE ACTIVITIES COSTS | ||
| Direct | |||
| Costs | |||
| £ | |||
| Charitable activities | 622,212 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 April 2024 nor for the year ended 30 April 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 April 2024 nor for the year ended 30 April 2023.
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 234,123 |
| Other trading activities | 6,286 |
| Investment income | 197 |
| Total | 240,606 |
| EXPENDITURE ON | |
| Charitable activities | |
| Charitable activities | 272,157 |
| NET INCOME/(EXPENDITURE) | (31,551) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 140,286 |
| TOTAL FUNDS CARRIED FORWARD | 108,735 |
continued...
Page 10
FRIENDS OF THE VIGILANCE CIO
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 April 2024
| 8. HERITAGE ASSETS MARKET VALUE At 1 May 2023 and 30 April 2024 NET BOOK VALUE At 30 April 2024 At 30 April 2023 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR VAT 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors 11. MOVEMENT IN FUNDS At 1.5.23 £ Unrestricted funds General fund 108,735 TOTAL FUNDS 108,735 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 558,408 TOTAL FUNDS 558,408 |
Total £ 1 1 1 2024 2023 £ £ 10,131 853 2024 2023 £ £ 55,533 - Net movement At in funds 30.4.24 £ £ (63,804) 44,931 (63,804) 44,931 Resources Movement expended in funds £ £ (622,212) (63,804) (622,212) (63,804) |
Total £ 1 1 |
||
|---|---|---|---|---|
| 1 | ||||
| 2023 £ |
||||
| 853 | ||||
| 2023 £ |
||||
| - | ||||
continued...
Page 11
FRIENDS OF THE VIGILANCE CIO
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 April 2024
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.5.22 £ Unrestricted funds General fund 140,286 TOTAL FUNDS 140,286 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 240,606 TOTAL FUNDS 240,606 |
Net movement At in funds 30.4.23 £ £ (31,551) 108,735 (31,551) 108,735 Resources Movement expended in funds £ £ (272,157) (31,551) (272,157) (31,551) |
|---|---|
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 April 2024.
Page 12
FRIENDS OF THE VIGILANCE CIO
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 30 April 2024
INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Grants Other income Other trading activities Fundraising events Sailing and merchandise income Investment income Deposit account interest Total incoming resources EXPENDITURE Charitable activities Fundraising events Merchandise Marketing and media Rent and mooring fees Running costs Major repair project Equipment purchase and rental Insurance Travel and subsistence Printing, postage and stationery Internet and website Telephone Consultancy and professional fees Bank charges Subscriptions No description Total resources expended Net expenditure |
2024 £ 2,428 237 548,392 2,342 553,399 2,773 770 3,543 1,466 558,408 302 3 337 2,394 1,565 603,074 291 6,791 103 460 2,344 138 2,929 42 1,439 - 622,212 622,212 (63,804) |
2023 £ 1,316 - 231,789 1,018 234,123 4,764 1,522 6,286 197 240,606 477 1,650 1,568 4,150 3,567 245,306 914 7,002 483 642 1,150 188 5,179 (386) 185 82 272,157 272,157 (31,551) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 13