## **Trustees’ Annual Report for the period** **From 19 September 2023 To** ## **31 March 2024** **Charity name: Odyssean Institute** **Charity registration number: 1204794** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The object of the CIO is, for the public
benefit, to advance the education of the
general public in the field of existential risk
and global catastrophic risk by adding to the
collective knowledge and understanding of
specific areas of study and expertise in this
field by:
a. Conducting research and modelling
around the risks of civilisational collapse;
b. Running experiments around the
processes of decision-making mechanisms
and frameworks; and
c. Establishing citizen assemblies through
which the charity’s research and findings
may be deliberated and through which the
general public may be educated and gain
greater understanding and insights. In all
cases publishing the useful results of that
research.
For the purposes of this clause, existential
risk and global catastrophic risk refer to risks
including but not limited to threats arising
from ecological (including solar flares, major
asteroid impact, supervolcanic eruptions,
extreme climate change, and ecological
collapse), technological (nuclear weapons,
artificial intelligence, nanotechnology, and
synthetic biology) and social (bad global
governance, global systems collapse, and
global democratic retreat) factors, and the
inherent connections and intersections
between these factors.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and
1.19|The Odyssean Institute produced a White
Paper in November 2023, researched and
written up from late September until the 23rd
November. This laid out the core innovation
and mission of the Institute, setting an
agenda for subsequent work and generating
exposure for our plans.| |||This then led to funding awarded in
December 2023 of $5,000 and £5,000 being
allocated, the $5k being for salaries for the
core team conducting the study, with £5k
being awarded which we did not directly
receive in accounts, but rather was
expensed from Wytham Abbey for the
participants (academics external to the
Odyssean Institute) for travel arrangements,
and also £3,000 of this paying the cost of our
(also external) facilitator, Professor Bill
Sutherland.
This funding allowed us from January until
March 2024 to conduct the world’s first ever
transdisciplinaryhorizon scan on global
catastrophic risks,with the preprint made
public after the writeup concluded this
August. This was completed in record time
(3 months), faster than the usual 4-6 months
associated with horizon scans (from invite to
final workshop).
In March 2024, we were then awarded
£4,343.74 (originally in CHF) from a private
donor in Switzerland in recognition of our
progress and need for unrestricted funds for
salaries for researchers and core operations
costs.
We have continued ongoing research and
outreach to supportive partner organisations,
with another academic paper covering
supply line vulnerabilities and the need for
more resilience submitted to peer review
after the reporting period.| |---|---|---| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|
Trustees confirm receipt of guidance.| ## **Additional information (optional)** You may choose to include further statements where relevant about: SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment |Contribution made by
volunteers|Para 1.38|Due to funding constraints, large amounts of
work are undertaken by volunteers motivated
by our mission.| |---|---|---| |Other||| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|We completed the world’s first ever horizon
scan on global catastrophic risks, focusing
on especially urgent emerging trends by
eliciting expert insights on 96 initial, and 15
final (after rounds of voting and scoring)
tipping points that could lead to terminal or
irreversible transitions in the system.
This furnishes future work on a solution
scan, aiming to elicit mitigation, adaptation,
and early warning interventions to avoid the
worst of these trends.
It also furnishes the next steps of testing the
Odyssean Process, our bespoke
combination of foresight, scenario simulation
at scale, and democratic deliberation
designed to help those most exposed to
these risks build resilience fairly and
effectively. This was the Process outlined in
the White Paper aforementioned.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41|We successfully completed a world first,
under-typical budget, and a good 1-3 months
quicker than usual. Our findings were
diverse but perhaps suffered a little from
being maximally transdisciplinary and
focused on tipping points, an inherently hard
to quantify or pin down phenomenon.
Nevertheless, we demonstrated ambition
and delivered on our goals under pressing
resource constraints.| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|Our fundraising remains below target, with
our projected annual budgets scarcely being
met even at the lowest ‘skeletal’ budget
levels outlined. Nonetheless, with gumption
and diligence we have still contributed
upwards of 3 large deliverables to the field,
pending only further funding and peer review
to expand their reach and impact.| Investment performance Para 1.41 against objectives Other ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|We retained £3345 after salary payments to
our core team at the end of the period.| |
Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|To enable continued, sustained wages for
researchers, and operational expenditure for
our deliberative and foresight experiments.| |Amount of reserves held|Para 1.22|£3345| |Reasons for holding zero
reserves|Para 1.22|| |Details of fund materially in
deficit|Para 1.24|| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|None| |**Additional information (optional)**
You may choose to include further statements where relevant about:||| |
The charity’s principal
sources of funds (including
any fundraising)|
Para 1.47|
Medium sized (low 4 figures) donors, in the
existential risk field.| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Constitution| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|CIO| |
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Trustees recruited and appointed by the
Chief Executive Officer and Chairman of
Board of Trustees, confirmed at the next
annual meeting with trustees.| |**Additional information (optional)**
You may choose to include further statements where relevant about:||| |
Policies and procedures
adopted for the induction and
training of trustees|
Para 1.51|| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|| |Relationship with any related
parties|Para 1.51|| |Other||| ## **Reference and Administrative details** |Charity name|Odyssean Institute| |---|---| |
Other name the charity uses|
Odyssean Institute| |Registered charity number|1204794| |
Charity’s principal address|32 Brooklands Road, Lytham St Annes, Lancashire, FY8
4BW| ||| ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**
**Nam**
**e of**
**pers**
**on**
**(or**
**bod**
**y)**
**entit**
**led**
**to**
**app**
**oint**
**trust**
**ee**
**(if**
**any)**| |---|---|---|---| ||
Giuseppe Dal Prá|Chief Executive
Officer, Chairman of
the Board|| ||Paul Ingram||| ||Catherine Rhodes||Appointed October 2024| ||Jan Kwakkel||| ||Dan Hoyer||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ## – Corporate trustees names of the directors at the date the report was approved **Director name** Giuseppe Dal Prá Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** |Description of the assets
held in this capacity|N/A| |---|---| |Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects|N/A| |Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own assets|N/A| ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**| |---|---|---|---| |**Type of**
**adviser**
**Name**
**Address**|||| ||||| ||||| ||||| ||||| |**Name of chief executive or names of senior staff members (Optional information)**|||| ||||| ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** Paul Ingram **Full name(s)** Giuseppe Dal Prá **Position (eg Secretary,** CEO, Chairman of Board of Trustee **Chair, etc)** Trustees **Date** 13th December 2024 **Charity Name No (if any) Odyssean Institute 1204794** ## **Recei ts and a ments accounts p p y** **CC16a** **For the period** Period start date Period end date **To from** 19th September 2023 31st March 2024 ## **Section A Receipts and payments** **Unrestricted Restricted Endowment funds funds funds** **Total funds Last year** |**Section A Receipts and payments**
**Unrestricted**
**funds**|**Section A Receipts and payments**
**Unrestricted**
**funds**|**Restricted**
**funds**|**Endowment**
**funds**|**Total funds**|**Last year**| |---|---|---|---|---|---| |**to the nearest £**
**A1 Receipts**
Wytham Abbey
**5,000**
Complex Systems Alignment Group
**-**
Swante Scholz
**4,343**
**-**
**-**
**-**
**-**
**-**
**9,343**
**-**
**-**
**_Sub total_ -**
**_Total receipts_ 9,343**
**A3 Payments**
Pilot studyexpenses
**5,000**
Staff wages
**-**
**-**
**_Sub total_**_(Gross income for AR)_
**A2 Asset and investment sales,**
**(see table).**||**to the nearest £**
**-**
**3,945**
**-**
**-**
**-**
**-**
**-**
**-**
**3,945**
**-**
**-**
**-**
**3,945**
**-**
**3,945**
**-**|**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**to the nearest £**
**5,000**
**3,945**
**4,343**
**-**
**-**
**-**
**-**
**-**
**13,288**
**-**
**-**
**-**
**13,288**
**5,000**
**3,945**
**-**|**to the nearest £**| ||||||**-**| ||||||**-**| ||||||**-**| ||||||**-**| ||||||**-**| ||||||**-**| ||||||**-**| ||||||**-**| ||||||**-**| ||||||| ||||||| ||||||**-**| ||||||**-**| ||||||| ||||||**-**| ||||||| |
Pilot studyexpenses|**5,000**|**-**|**-**|**5,000**|**-**| |Staff wages|**-**|**3,945**|**-**|**3,945**|**-**| ||**-**|**-**|**-**|**-**|**-**| 01/27/2026 1 ||**-**||**-**||**-**||**-**||**-**| |---|---|---|---|---|---|---|---|---|---| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| |**_Sub total_ **|**8,945**||**3,945**||**-**||**8,945**||**-**| |**A4 Asset and investment**|||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**purchases, (see table)**|||||||||||||||||||||| |||**-**||||**-**|||||**-**||||**-**||||||| |||**-**||||**-**|||||**-**||||**-**||||||| |**_Sub total_ **||**-**||||**-**|||||**-**||||**-**|||||**-**|| ||||||||||||||||||||||| |**_Total payments_ **||**5,000**||||**3,945**|||||**-**||||**8,945**|||||**-**|| ||||||||||||||||||||||| |**_Net of receipts/(payments)_ **||**4,343**||||**-**||||**-**|||||**4,343**||||**-**||| |**A5 Transfers between funds**||**-**||||**-**||||**-**|||||**-**||||**-**||| |**A6 Cash funds last year end**||**-**||||**-**||||**-**|||||**-**||||**-**||| |**_Cash funds this year end_ **||**4,343**||||**-**||||**-**|||||**4,343**||||**-**||| ||||||||||||||||||||||| ## **Section B Statement of assets and liabilities at the end of the period** **Unrestricted Restricted Endowment Categories Details funds funds funds to nearest £ to nearest £ to nearest £ 4,343 - - - - - - - -** _**Total cash funds**_ **4,343 - -** (agree balances with receipts and payments account(s)) OK OK OK **B1 Cash funds** 01/27/2026 2 ## **B2 Other monetary assets** ## **B3 Investment assets** ## **B4 Assets retained for the charity’s own use** |**Details**|**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Unrestricted**
**funds**|**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Restricted**
**funds**|**to nearest £**
**Endowment**
**funds**| |---|---|---|---| ||**-**|**-**|**-**| ||**-**|**-**|**-**| ||**-**|**-**|**-**| ||**-**|**-**|**-**| ||**-**|**-**|**-**| ||**-**|**-**|**-**| |**Details**|**Fund to which**
**asset belongs**|**Cost (optional)**
**-**
**-**
**-**
**-**
**-**|**Current value**
**(optional)**| |---|---|---|---| |||**-**|**-**| |||**-**|**-**| |||**-**|**-**| |||**-**|**-**| |||**-**|**-**| |**Details**|**Fund to which**
**asset belongs**|**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Current value**
**(optional)**| |---|---|---|---| |||**-**|**-**| |||**-**|**-**| |||**-**|**-**| |||**-**|**-**| |||**-**|**-**| |||**-**|**-**| |||**-**|**-**| 01/27/2026 3 ## **B5 Liabilities** Signed by one or two trustees on behalf of all the trustees |||||**-**|||**-**| |---|---|---|---|---|---|---|---| |||||**-**|||**-**| ||**Fund to which**||**Amount due**|||**When due**|| ||**liability relates**||**(optional)**|||**(optional)**|| |||||**-**|||| |||||**-**|||| |||||**-**|||| |||||**-**|||| |||||**-**|||| ## **Details** |Signature|Print Name
Giuseppe Dal Prá
Paul Ingram|Date of
approval| |---|---|---| ||Giuseppe Dal Prá|27/01/2026| ||Paul Ingram|27/01/2026| 01/27/2026 4