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2023-07-01-accounts

PICTON'S PALACE PRESERVATION ASSOCIATION Charity number: 1191509 Trustees Report Year ending April 2023 We are working to maintain and eventually restore the important unique rnililary vehicle FV 3805 also kno￿￿ as Major Picton5 Palace . This is Cu￿entlY 51tualed at the Isle of Wight Military and I leritage Museum { now called simply the Wight Military and Herilage Museum ) and is able to be viewed by thc public Charitable objects TO ADVANCE THE EDUCATION OF THE PUBLIC BY RESTORtNG AND DISPLAYING THE UNIQUE ARMORED VEHICLE FV 3805 ( MAJOR PICTON'S PALACE ) AND LATER OTHER BROADLY SIMILAR rrEMS tN A WORKSHOP OPEN TO THE PUBLIC WITHIN THE EXISTING ISLE OF WIGHT MILITARY AND HERITAGE MUSEUM. Trustees 2021 IYAme Role D84te of fdppointment 01 October 2020 Jonathan William Hinchliffe Chair Emma Rose Hinchliffe 01 September 2022 Trustee 01 October 2020 Carol Ann Dew Trustee Chairman of Trustees report and financial statement. As you know its been a while since the broth¢r of th¢ OV4ner Owen Hinchliffe passed and as you know he decided to give our charity his share of the land at Northwood Camp where FV 3805 is situated Lurr¢ntly bein¥ run by the wighi militsry and heritage charitiabe trust . The bad news is we are still awaiting probate which has now taken over two years . It seems the inheritance tax people yet again made a mistake and incorrectly included a discretionary pension in theitr final calculations . They have been infonned of this over two months ago and again more recently by post . Once w¢ have probaie it will be a hug¢ change as our charity viill have to maintain the site but will also r￿e1Ve some income from it so hopefully from nexl year we will have the funds to really get stuck into the r¢storJtivn and ulbo th¢ tyonstruclion of a building to house it . With thi5 in mind flm hab. also decided to return as a In￿le¢ . The 0￿]er yours truly Jon , Hinchliff¢ has again been mostly in the USA and no forn)al charity

activities took place on the vehicle though our thanks go out to Mr John Fisher and others for the remedial works he carried out at personal expence . As you know we created a fornial memorial garden at Northwood camp for service members their families and supporters and are currently improving and maintaining it as an asset for the public - Many thanks to those who worked on this . Thanks also to Jon. Hinchliffe for paying entirely for this out of Pmxket . The vehicle is still outside though once space is available in the museum building ( either existing or hopefully within the new workshop designed and with planning perniission ) The OMTLers current financial and work commitments cutrently prevent him from financing thi5 workshop though once probate for the ¢stat¢ of Owen Hinchliffe is achieved this will change t Please do not discuss this with others as until all is legally sorted out we do not want any conflict with the CO of that charity who in my opinion basically nms it as a family business ( having Stacked it with truslees who are either family members or under his influence ) . Jon Hinchliffe who is a founding trus'lee of the Wighi milli￿ and Heritage museum as well as th¢ Lv owner of the sile noi been made aware of any trustees meetings since Covid and not had any e mails or other communications from the CO either as of April 2022 . He is in process of contscting the charities comission with the hope that their int¢rv¢ntion will assist in the hiTing of a new CEO and the retirement of the CUTrent one Mr S Taylor Jon. Hinchliffe has also decided if thing5 go to plan to will the vehicle and his share of Northwood camp lo the charity so it will be self financing and can ensure FV 3805 and other items are restored and preserved in petpetuity Accounts - We raised no funds from the general public and all our activities were carried out with voluntary work and the personal funds of the voulenteeTS and trustees mostly Jon . Hinchliffe . No ccunomic aclivily has taken place direltly through the charity so it has no accounts to show . We do intend to finally open our own bank account though to this date the diificulties in doing so frorn abroad has meant that we simply funded things personally with none of the t&x advantages that we could gei if we had our own accounts . Jon. Hinchliffe- Chair