THE HMS VICTORY PRESERVATION COMPANY
Financial health, per its FY2024 accounts
The accounts state that the charity's unrestricted reserves stood at £44,321,412 as of 31 March 2024, which is significantly above the stated policy target of three months of unrestricted expenditure. The charity reports a surplus for the year and confirms that it has adequate resources to continue in operational existence for the foreseeable future, with no material uncertainties identified.
What the accounts disclose
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- ANDREW IMPEY
- Amjad Hussain
- Barbara Halliday
- Dr Matthew Tanner
- Helen Jackson
- JAMIE MATHESON
- Joanna Baldwin
- Julie Lawrence
- MARY RACHEL MONTAGU-SCOTT
- Rosemary Bridge
- Vice Admiral Sir Charles Montgomery
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.3m | £1.6m |
| 31/03/2024 | £733k | £825k |
| 31/03/2023 | £683k | £318k |
| 31/03/2022 | £597k | £1.0m |
| 31/03/2021 | £380k | £393k |
Common questions
Is THE HMS VICTORY PRESERVATION COMPANY financially healthy?
The accounts state that the charity's unrestricted reserves stood at £44,321,412 as of 31 March 2024, which is significantly above the stated policy target of three months of unrestricted expenditure. The charity reports a surplus for the year and confirms that it has adequate resources to continue in operational existence for the foreseeable future, with no material uncertainties identified. Its FY2024 accounts were audited by Wright Robinson Chartered Accountants.