Finance Score: -2

Governance Score: 6

Support Score: 0

Deficit on unrestricted reserves: -2

Dynamic board: +3
Gender balanced board: +3

No supporters identified

Overall GiG Score: 4

THE HMS VICTORY PRESERVATION COMPANY

Preserve, restore and maintain HMS VictoryEducate the Naval Service, Auxiliaries and the public about the history of HMS Victory and of the Royal Navy Promote the efficiency of the armed forces by assisting recruitment and retention and fostering the esprit de corps of the Royal Navy; and Commemorate those members of the Naval Service and Auxiliaries who have died while on active service

Analysis by Giving is Great

Positives:

This charity has an endowment fund which generates most of its income
The Board appears to be well diversified in terms of gender and dynamic in terms of composition

Financial issues to consider:

There was a deficit on unrestricted reserves of £419,860 at the last year end after deducting the value of own use assets

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff
31/03/23		£683	£318	£365	£0	£67,497	£-420	-15.9	0
31/03/22		£597	£1,047	£-450	£0	£68,806	£113	1.3	0
31/03/21		£380	£393	£-13	n/a	n/a	n/a	n/a	n/a
31/03/20		£674	£1,397	£-722	£0	£60,255	£540	4.6	0
31/03/19		£697	£272	£425	£0	£62,267	£1,167	51.5	0
31/03/18		£709	£255	£454	£0	£61,744	£667	31.3	0
31/03/17		£657	£2,318	£-1,661	£0	£61,825	£140	0.7	0
31/03/16		£642	£1,386	£-743	£0	£59,578	£670	5.8	0
31/03/15		£1,850	£1,616	£233	£12	£61,713	£713	5.3	0
31/03/14		£1,463	£808	£656	£-12	£58,762	£26,769	397.6	0
31/03/13	*	£34,486	£2,850	£31,636	£275	£57,619	£26,999	113.7	1

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 1%
Liabilities/Income: 143%
Unrestricted Funds/Total Funds: -1%
Reserves/Spending: -15.9 months
Net Current Assets/Spending: -19 months
Quick Ratio: 0.4

Asset Split ?

Established: 12 years

www.hms-victory.com

governance@nmrn.org.uk

02392727572

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Education/Training
Environment/Conservation/Heritage
General Charitable Purposes
Other Charitable Purposes

GiG Classification

Other facilities management and maintenance

How it operates

Provides buildings/facilities/open space

Where it operates

Portsmouth City,

Who it helps

The General Public/Mankind

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (12)

Current Trustees appointed

Gender Split

Based on 10/12 persons

Age Range of Trustees: 51-73

VICE ADMIRAL SIR CHARLES MONTGOMERY Appointed: 2018, Occupation: Retired

AMJAD HUSSAIN Appointed: 2017, Occupation: Engineer

COMMODORE JEREMY JAMES BAILEY Appointed: 2023, Occupation: Royal Naval Officer

DR MATTHEW TANNER Appointed: 2021, Occupation: Chief Executive

JAMIE MATHESON Appointed: 2013, Occupation: Executive Chairman, Other trusteeship: THE STOCK EXCHANGE BENEVOLENT FUND,

JOANNA BALDWIN Appointed: 2023, Occupation: Portfolio Non-Executive Director

JULIE TAYLOR Appointed: 2023, Occupation: Chief Financial Officer

ANDREW IMPEY Appointed: 2021, Occupation: Retired, Other trusteeship: THE OLIVER BORTHWICK MEMORIAL TRUST,

MARY MONTAGU-SCOTT Appointed: 2019, Occupation: Company Director, Other trusteeships: THE FRIENDS OF THE ROYAL NAVAL MUSEUM AND H M S VICTORY, NEW FOREST NINTH CENTENARY TRUST, THE NATIONAL MOTOR MUSEUM TRUST LIMITED, THE NATIONAL MUSEUM OF THE ROYAL NAVY, NEW FOREST HERITAGE TRUST,

ROSEMARY BANYARD Appointed: 2019, Occupation: Investment Manager

BARBARA HALLIDAY Appointed: 2020, Occupation: Lawyer, Other trusteeships: EARL MOUNTBATTEN HOSPICE, COUNTESS MOUNTBATTEN HOSPICE CHARITY LIMITED,

HELEN JACKSON Appointed: 2021, Occupation: Consultant, Other trusteeship: THE NATIONAL MUSEUM OF THE ROYAL NAVY,

Legal constitution

Charitable company registered in England & Wales on 14/03/2012, number: 1146376
Registered at Companies House on 03/02/2012, number: 07935358

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Investment
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

11 returns made; AR13: 1 days late,

Main office

NMRN PP66
HM Naval Base
Portsmouth
Hants
PO13NH

Objectives

THE OBJECTS ARE FOR THE BENEFIT OF THE PUBLIC:2.1 TO PRESERVE, RESTORE AND MAINTAIN HMS VICTORY;2.2 TO EDUCATE THE NAVAL SERVICE AND AUXILIARIES AND OTHER MEMBERS OF THE PUBLIC ABOUT THE HISTORY OF HMS VICTORY AND THE HISTORY OF THE ROYAL NAVY AND OTHER MATTERS RELATING TO THE DEFENCE OF THE REALM;2.3 TO PROMOTE THE EFFICIENCY OF THE ARMED FORCES BY ASSISTING RECRUITMENT AND RETENTION AND FOSTERING THE ESPRIT DE CORPS OF THE MEN AND WOMEN WHO ARE SERVING IN THE NAVAL SERVICE OR AUXILIARIES; AND2.4 TO COMMEMORATE AND REMEMBER THOSE MEMBERS OF THE NAVAL SERVICE AND AUXILIARIES WHO HAVE DIED WHILE ON ACTIVE SERVICE AND TO ENCOURAGE PUBLIC RECOGNITION OF THE SACRIFICE MADE BY SUCH PERSONS.

Data Sources