The Odyssey Trust Company Limited
Latest income
£25.9m
Latest spending
—
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a strong financial position with total funds of £49,022,354 and unrestricted reserves of £18,137,889, significantly exceeding its stated policy target of six months of charitable expenditure. Per the trustees' report, the charity achieved a net incoming resource of £3,868,354, driven by increased arena activity and an exceptional rating exemption, while maintaining sufficient liquidity to continue operations.
What the accounts disclose
Related-party transaction: Covenanted payments transferring taxable profits from subsidiaries to the Charity.
“The subsidiaries have made covenanted payments transferring (subject to maintenance of appropriate reserves) all or substantially all of their taxable profits to the Charity to enable it to deliver its charitable objectives.”
Per FY2025 accounts as filed with CCNI.
Reserves policy: six months charitable expenditure (held: £18.1m)
“It is the aim of the Group to carry a general reserve fund at the level of six months charitable expenditure which would equate to £4,283,210.”
Per FY2025 accounts as filed with CCNI.
Largest income source: The SSE Arena (59% of income)
“Total income during the year amounted to £25,942,359 overall the income increased by £5,714,284 (28%) attributable in the main to income generated by The SSE Arena with income increasing by £5,368,013 (40%)”
Per FY2025 accounts as filed with CCNI.
Independent examiner: Moore (N.I.) LLP
Per FY2025 accounts as filed with CCNI.