THE ULYSSES TRUST
Financial health, per its FY2022 accounts
The accounts state that the charity reported a net loss of £38,415 for the year ended 31 December 2022, primarily due to unrealised capital losses on investments of £91,336, despite an operating surplus of £52,921. Total net assets stood at £652,961, with free/unrestricted reserves of £295,935, which the trustees note is below their policy target of six months' expenditure.
What the accounts disclose
“Reserve policy is to seek to maintain readily available funds in the Cadet and General reserves equivalent to six months of historical grants to Cadets and core running costs combined” — page 5
Trustees
- Air Commodore Dawn McCafferty CBE
- Brigadier Tim Seal TD DL VR
- Captain Stephen Mardlin MBE
- Colonel Mark Siebenaller TD VR FRGS
- JAMES RICHARD SWINBURN WILSON
- LT COLONEL PHILIP NEAME MBE
- Lieutenant Colonel Daniel Tebay
- Lieutenant Colonel Victoria Jane Tannahill VR
- ROD STABLES
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £428k | £470k |
| 31/12/2023 | £482k | £398k |
| 31/12/2022 | £409k | £356k |
| 31/12/2021 | £172k | £125k |
| 31/12/2020 | £172k | £125k |
Common questions
Is THE ULYSSES TRUST financially healthy?
The accounts state that the charity reported a net loss of £38,415 for the year ended 31 December 2022, primarily due to unrealised capital losses on investments of £91,336, despite an operating surplus of £52,921. Total net assets stood at £652,961, with free/unrestricted reserves of £295,935, which the trustees note is below their policy target of six months' expenditure. Its FY2022 accounts were independently examined.
Who funds THE ULYSSES TRUST?
Funders whose own accounts filings name THE ULYSSES TRUST as a grant recipient include THE ROYAL AIR FORCE CHARITABLE TRUST, TEAM FORCES FOUNDATION, THE DYERS' COMPANY CHARITABLE TRUST, The Caledonia Investments Charitable Foundation, THE LORD FARINGDON CHARITABLE TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE ROYAL AIR FORCE CHARITABLE TRUST | FY2023 | £12k |
| TEAM FORCES FOUNDATION | FY2023 | £12k |
| THE DYERS' COMPANY CHARITABLE TRUST | FY2024 | £3k |
| The Caledonia Investments Charitable Foundation | FY2023 | £3k |
| THE DYERS' COMPANY CHARITABLE TRUST | FY2023 | £2k |
| THE LORD FARINGDON CHARITABLE TRUST | FY2023 | £1k |