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
Financial health, per its FY2025 accounts
The accounts state that the charity holds substantial endowment funds valued at £45,301,616, which, along with investment income, fund its conservation and operational grants. The trustees have decided not to set a minimum figure for free reserves due to changing circumstances, resulting in unrestricted funds of £340,498. The trustees are content that the going concern basis continues to apply.
What the accounts disclose
“Total incoming resources for the HMS Victory Preservation Company in 2024-25 amounted to £1,255,302 (2023-24: £732,979). This inflow related to investment income.” — page 8
Property (HM Land Registry)
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?
Per its FY2025 accounts: The accounts state that the charity holds substantial endowment funds valued at £45,301,616, which, along with investment income, fund its conservation and operational grants. The trustees have decided not to set a minimum figure for free reserves due to changing circumstances, resulting in unrestricted funds of £340,498. The trustees are content that the going concern basis continues to apply. Its FY2025 accounts were audited by Price Bailey LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE GOSLING FOUNDATION LIMITED | 2 | £103k |
| ARMED FORCES COVENANT FUND | 1 | £384k |
| THE SIR PETER RIGBY CHARITABLE TRUST | 1 | £170k |
| THE ADDERSTONE FOUNDATION | 1 | £18k |
| DRAPERS CHARITABLE FUND | 1 | £15k |
| Royal Warrant Holders' Charity | 1 | £5k |
Charities like this
- HMS VICTORY PRESERVATION ENDOWMENT FUND
- BRESSINGHAM STEAM PRESERVATION COMPANY LIMITED
- Vigilance of Brixham
- THE ROYAL NAVY AND ROYAL MARINES CHARITY
- THE WARRANT OFFICERS AND SENIOR RATES' MESS, HMS DRAKE
- THE BRITANNIA ASSOCIATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE HMS VICTORY PRESERVATION COMPANY | £1.3m | — | 0 | unclear | — | no doubt |
| HMS VICTORY PRESERVATION ENDOWMENT FUND | £563k | — | 0 | above | — | no doubt |
| BRESSINGHAM STEAM PRESERVATION COMPANY LIMITED | £1.0m | — | 0 | above | — | no doubt |
| Vigilance of Brixham | £688k | — | 0 | above | — | noted |
| THE ROYAL NAVY AND ROYAL MARINES CHARITY | £13.7m | — | — | unclear | — | no doubt |
| THE WARRANT OFFICERS AND SENIOR RATES' MESS, HMS DRAKE | £341k | — | 0 | unclear | — | no doubt |