SOLENT SKY LTD
Museum Heritage Amenity
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £59,995 for the year, reducing unrestricted funds from £408,177 to £348,182. The trustees maintain that reserves of approximately three to six months of total expenditure are sufficient to meet the charity's needs. The filing confirms the charity is operating on a going concern basis with adequate resources for the foreseeable future.
What the accounts disclose
“The trustees are satisfied that the level of reserves maintained by the Charity, of approximately three to six months of total expenditure, are sufficient to meet its needs.” — page 5
“Payments of £45,960 (2024: £45,960) were made to Retroplan Ltd, a management company engaged for the day to day management of the museum. Mr A Jones is a shareholder and Mrs K Jones is a director and shareholder of Retroplan Ltd.” — page 19
“Mr A Jones provides workshop accommodation, container storage and open storage for Solent Sky museums reserve collection. The service is provided at £7,200 per year as a gesture at an amount which the Trustees believe is well below the commercial rate.” — page 19
“Payments of £45,960 (2024: £45,960) were made to Retroplan Ltd, a management company engaged for the day to day management of the museum. Mr A Jones is a shareholder and Mrs K Jones is a director and shareholder of Retroplan Ltd.” — page 19
“Mr A Jones provides workshop accommodation, container storage and open storage for Solent Sky museums reserve collection. The service is provided at £7,200 per year as a gesture at an amount which the Trustees believe is well below the commercial rate.” — page 19
Trustees
- Alan Jones
- JOHN GEORGE UPFIELD CLARK
- Kathleen Elizabeth Jones
- Neil Leslie Hallett
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/05/2025 | £202k | £262k |
| 31/05/2024 | £298k | £282k |
| 31/05/2023 | £224k | £227k |
| 31/05/2022 | £296k | £205k |
| 31/05/2021 | £288k | £201k |
Common questions
Is SOLENT SKY LTD financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £59,995 for the year, reducing unrestricted funds from £408,177 to £348,182. The trustees maintain that reserves of approximately three to six months of total expenditure are sufficient to meet the charity's needs. The filing confirms the charity is operating on a going concern basis with adequate resources for the foreseeable future. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 01/06/2020 | £16k | "COVID19 Solent Sky Ltd" |
| The National Lottery Heritage Fund | 05/02/2020 | £74k | "Blackout: How Southampton Residents Built the Spitfire During Britain's Darkest Hour" |
| The National Lottery Heritage Fund | 08/08/2018 | £10k | "Pioneers, Heroes and Eccentrics: Southampton's Great War in the Air" |
| The National Lottery Heritage Fund | 13/09/2016 | £65k | "The Romance of the Flying Boat" |
| The National Lottery Heritage Fund | 17/05/2011 | £50k | "Air, Sea & Speed" |