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Latest income
£3.8m
Latest spending
—
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a net outgoing resource of £535,255 for the year, resulting in a decrease in total funds to £3,111,639. The charity relies on cash flow funding from its parent undertaking, The Odyssey Trust Company Limited, to cover operational shortfalls, with £288,850 provided in the current year. Despite the deficit, the trustees confirm the charity has adequate resources to continue as a going concern for at least 12 months.
What the accounts disclose
Going concern: doubt noted
“In coming to this conclusion, the Trustees are satisfied with the cash flow forecasts which demonstrate there is access to sufficient liquidity through the continued support from its ultimate parent undertaking the Odyssey Trust Company Limited to continue as a going concern.”
Per FY2025 accounts as filed with CCNI.
Related-party transaction: Expenditure to group undertaking OML Belfast Limited
“OML Belfast Limited (group undertaking) Income Expenditure 1,079 (765,283) (755,035) 166,375 (24,855) 156,180 (20,218)”
Per FY2025 accounts as filed with CCNI.
Related-party transaction: Expenditure to group undertaking Odyssey Property Company
“OML Belfast Limited (group undertaking) Income Expenditure 1,079 (765,283) (755,035) 166,375 (24,855) 156,180 (20,218)”
Per FY2025 accounts as filed with CCNI.
Related-party transaction: Trading subsidiary profit gift-aided
“OML Belfast Limited (group undertaking) Income Expenditure 1,079 (765,283) (755,035) 166,375 (24,855) 156,180 (20,218)”
Per FY2025 accounts as filed with CCNI.
Reserves policy: three months of charitable expenditure (held: £843k)
“It is the aim of The Odyssey Trust Company Limited to carry a general reserve fund at the level of three months charitable expenditure which would equate to £827,545.”
Per FY2025 accounts as filed with CCNI.
Independent examiner: Moore (N.I.) LLP
Per FY2025 accounts as filed with CCNI.