THE MEMORIAL OF THE SECOND AIR DIVISION UNITED STATES ARMY AIR FORCE
Maintenance of the Memorial Library at the Forum Norwich and the wing collections at various Libraries in Norfolk
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves were £52,008, which is above the stated policy target of approximately £50,000 (six months of unrestricted expenditure). The Trust reported a net deficit of £1,949 for the year, driven by investment losses and expenditure exceeding income in the general fund, though the overall financial position is described as sound.
What the accounts disclose
“It is the policy of the Trust to maintain unrestricted funds, which are the free reserves of the Trust, at a level which equates to six months unrestricted expenditure of approximately £50,000.” — page 6
Trustees
- Richard Middletonchair
- ANDREW HAWKER
- Beverly Baynes Tomb
- Charles Joseph Bolster
- Christopher Kenneth Williams
- DAVID JOHN MCLEAVY HILL
- DAVID ROBERT SISSON
- Dr Jacqueline Fear-Segal
- Dr Samuel Edwards
- General the Lord Dannatt GCB CBE MC DL
- JOSEPH VINCENT DZENOWAGIS
- Jonathan Powell
- MATTHEW THOMAS MARTIN
- Simon Jamieson
- THOMAS COURTAULD
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £162k | £164k |
| 05/04/2024 | £196k | £169k |
| 05/04/2023 | £172k | £151k |
| 05/04/2022 | £147k | £152k |
| 05/04/2021 | £245k | £164k |
Common questions
Is THE MEMORIAL OF THE SECOND AIR DIVISION UNITED STATES ARMY AIR FORCE financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves were £52,008, which is above the stated policy target of approximately £50,000 (six months of unrestricted expenditure). The Trust reported a net deficit of £1,949 for the year, driven by investment losses and expenditure exceeding income in the general fund, though the overall financial position is described as sound. Its FY2025 accounts were independently examined.