ARMY GLIDING CLUB (WYVERN)
(1) To promote the efficiency of the Armed Forces of the Crown in particular, but not exclusively, by providing facilities for, and promoting participation in, gliding and soaring by members of the British Army (and other members of the Armed Forces) in order to:(a) develop individual skills, resilience and confidence;(b) encourage esprit de corps; and(c) promote the health and welfare
Financial health, per its FY2025 accounts
The accounts state that total funds decreased from £94.5K to £88.9K due to depreciation costs exceeding income from members and course fees. However, the charity maintains sufficient liquidity, with £56.7K in the bank covering £4.9K in liabilities, and the Board considers it has sufficient reserves for 12 months of operation.
What the accounts disclose
“The Board considers that it has sufficient reserves for 12 months operation in event of major reduction in gliding course income stream. The Board aims to set reserves at min of £25,000.”
Trustees
- ALICIA MARY CARPENTER
- JAMES WILLIAM SAGE
- PAUL EDWARD JESSOP
- Paul Jessop MBE
- Paul Wright
- TARLOCHAN SINGH MARWAHA
- William Blakey
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | £140k | £141k |
Common questions
Is ARMY GLIDING CLUB (WYVERN) financially healthy?
Per its FY2025 accounts: The accounts state that total funds decreased from £94.5K to £88.9K due to depreciation costs exceeding income from members and course fees. However, the charity maintains sufficient liquidity, with £56.7K in the bank covering £4.9K in liabilities, and the Board considers it has sufficient reserves for 12 months of operation.