THE SOLWAY AVIATION SOCIETY LIMITED
To preserve for the General Public an aviation museum providing information, education and preservation of our historic collection of British Jet Aircraft and the aviation heritage from Cumbria and the surrounding area.
Financial health, per its FY2024 accounts
The accounts state that the charity generated a net income of £79,592 for the year ended 31 December 2024, resulting in total net assets increasing to £138,525 from £58,933 in the prior year. The charity holds unrestricted reserves of £98,547 and restricted funds of £39,978, with no stated reserves policy target provided for comparison. The independent examiner confirmed that no material matters came to attention regarding the financial statements or accounting records.
What the accounts disclose
Register events
- Received assets from another charity (14/05/2024)
Trustees
- DOUGLAS KERRchair
- DAVID KIRKPATRICK
- Douglas Gordon Beresford
- Henry John Hill
- Mark Moore
- Richard William Davison
- Robert David Bratton
- Stephen John Cawley
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £223k | £144k |
| 31/12/2023 | £83k | £76k |
| 31/12/2022 | £61k | £53k |
| 31/12/2021 | £103k | £98k |
| 31/12/2020 | £71k | £32k |
Common questions
Is THE SOLWAY AVIATION SOCIETY LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that the charity generated a net income of £79,592 for the year ended 31 December 2024, resulting in total net assets increasing to £138,525 from £58,933 in the prior year. The charity holds unrestricted reserves of £98,547 and restricted funds of £39,978, with no stated reserves policy target provided for comparison. The independent examiner confirmed that no material matters came to attention regarding the financial statements or accounting records. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ARMY AIR CORPS CHARITY | 1 | £44k |
| ASSOCIATION OF INDEPENDENT MUSEUMS | 1 | £468 |
Charities like this
- DE HAVILLAND AIRCRAFT MUSEUM TRUST LIMITED
- THE HERITAGE AIRCRAFT TRUST
- GLOUCESTERSHIRE AVIATION COLLECTION
- GATWICK AVIATION MUSEUM
- AIRFIELDS OF BRITAIN CONSERVATION TRUST
- FLY HARRIER TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE SOLWAY AVIATION SOCIETY LIMITED | £223k | — | 0 | unclear | — | no doubt |
| DE HAVILLAND AIRCRAFT MUSEUM TRUST LIMITED | £314k | — | 0 | unclear | — | no doubt |
| THE HERITAGE AIRCRAFT TRUST | £251k | — | 0 | above | — | no doubt |
| GLOUCESTERSHIRE AVIATION COLLECTION | £130k | — | 0 | above | — | no doubt |
| GATWICK AVIATION MUSEUM | £222k | — | 0 | above | — | no doubt |
| AIRFIELDS OF BRITAIN CONSERVATION TRUST | £242k | — | 0 | above | — | no doubt |