FLY NAVY HERITAGE TRUST LIMITED
Financial health, per its FY2023 accounts
The accounts state that the charity held £7,487,133 in free reserves at year-end, which the trustees consider adequate to cover in excess of six months of operating costs. The charity reported a net surplus for the year, driven by unexpected legacy donations and cost savings, while maintaining a strong cash position of £1,650,717.
What the accounts disclose
“Trustees continue to ensure that available free reserves are adequate to cover in excess of 6 months operating costs of £782,000.” — page 7
“Navy Wings Heritage Flight Limited (NWHF) (company registration number 07052646) is a wholly owned subsidiary of the Charity and exists as the trading operation of the Charity.” — page 4
Corporate structure
- Registered company of the charity Companies House 05971284
- Trading subsidiary: NAVY WINGS HERITAGE FLIGHT LIMITED Companies House 07052646
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- BILL COVINGTON
- MICHAEL JOHN FRANCIS STRONG
- NATHAN COLBERN
- NIGEL ROBERT SMITH
- Nigel Colman
- REAR ADMIRAL IAN PETER GORDON TIBBITT CBE
- REAR ADMIRAL THOMAS ANTHONY CUNNINGHAM
- Rear Admiral Andrew Betton
- Rear Anthony Rimmington
- TIMOTHY JOHN MANNA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £2.5m | £2.8m |
| 31/12/2023 | £2.7m | £2.4m |
| 31/12/2022 | £3.1m | £2.6m |
| 31/12/2021 | £8.5m | £2.1m |
| 31/12/2020 | £742k | £883k |
Common questions
Is FLY NAVY HERITAGE TRUST LIMITED financially healthy?
The accounts state that the charity held £7,487,133 in free reserves at year-end, which the trustees consider adequate to cover in excess of six months of operating costs. The charity reported a net surplus for the year, driven by unexpected legacy donations and cost savings, while maintaining a strong cash position of £1,650,717. Its FY2023 accounts were audited by Albert Goodman LLP.
Who funds FLY NAVY HERITAGE TRUST LIMITED?
Funders whose own accounts filings name FLY NAVY HERITAGE TRUST LIMITED as a grant recipient include THE BRITTEN FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE BRITTEN FOUNDATION | FY2025 | £36k |
| THE BRITTEN FOUNDATION | FY2024 | £3k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE JD FOUNDATION | 1 | £561k |
| ARMED FORCES COVENANT FUND | 1 | £384k |
| THE ADDERSTONE FOUNDATION | 1 | £18k |