## **Trustees’ Annual Report for the period** **From 1 April 2024 To** ## **31 March 2025** **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 wrote up the results
of our pilot study ‘A Global Catastrophic Risk
Horizon Scan’, after the completion in March
2024 of the final deliberative workshop. We
subsequently were able to submit the
groundbreaking paper, the first of its kind in
foresight on Global Catastrophic Risks
(GCR) in October 2024.| |||In the interim, we continued to refine the
initial stages of the Global Resilient
Anticipatory Infrastructure Network (GRAIN).
In support of this work, we raised £18032.6
(250,000 Norwegian Kroner) in July 2024
from the Dag Strand Nielsen Foundation to
conduct work on holistic wellbeing, as well
as aim for a citizen assembly building on this
in West Africa. Sadly, building further funding
for the latter was not possible, but this initial
literature review on wellbeing has led to the
eventual development of our third research
strand in summer 2025, Aeonic Flourishing
(publications forthcoming).
In October we continued critical new hires,
one of whom James Balzer was integral in
developing another foresight methodology
called a Horizon Summit, sustaining our
record of innovation in decision making for
the public interest. We subsequently raised
£15592.41 ($20,000) to test this new
methodology on ‘2nd order impacts of a
nuclear exchange’ in a novel Horizon &
Solution Scan culminating in a Summit,
which was conducted from January-March
2025. This was related to the broader
GRAIN remit, identifying critical
vulnerabilities and systemic interventions for
global resilience.
Finally, right at the end of this period we
raised $25,000 (£19,227) from Kristian Rönn
for the inaugural Odyssean Process on AI for
2026.
Accounts reflect these and other receipts,
and a greater emphasis on sustained hiring
of researchers after certain outgoings saw
our team reach a maximum of 12 by
December, declining with some outgoing
volunteers and part time staff leaving
subsequently to stabilise around 8 total by
period end.| |---|---|---| |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 |Policy on social investment
including program related
investment|Para 1.38|| |---|---|---| |Contribution made by
volunteers|Para 1.38|Volunteers remain an integral part of our
team in this period, with some larger
expenditure on part time staff helping
increase operational and research output
consistency in this period.| |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 writeup of the world’s first
ever horizon scan on global catastrophic
risks, which concluded in a final workshop in
March 2024. We focused on identifying
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
paper has since been integrated into the
University of Cambridge's core reading for
the MPhil in Global Risk & Resilience, a fairly
impressive outcome for such a young
research institute.
It has also furnished 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.
We began work on the inaugural Horizon
Summit on 2nd order effects of nuclear
strikes, which concluded later in the year.
We continued finishing work on the GRAIN
overview report, including large trade and
comparative analysis data gathering, which
also concluded with publication later in the
year.
All of these continued our mission to expand
resilience awareness for policy makers,
researchers, and the general public. The
achievements listed deepened our credibility,| expanded our networks, and established our novel approaches for combining best practices into operational success, proving our prototyping and innovations could be delivered under estimated timelines and on fairly sparse budgets also. We also achieved more substantial fundraising for the first full test of the Odyssean Process from start to finish, on AI governance with an accompanying documentary, beginning with committed funds in February for the project which has subsequently helped to raise considerably more. ## **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.
We grew the organisation and expanded our
fundraising, continuing a healthy trend of
approximately x2 funds raised from our prior
year of operation.| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|
Our fundraising in this period begins to
approach more viable project aims for
delivering a full Odyssean Process, although
the largest wins in this regard came after
March (and are still too little to execute fully
with a documentary, yet).| |Investment performance
against objectives|Para 1.41|| |Other||| |||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|We retained £8230 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|£8230| |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|
Private donors, Longview Philanthropy, and
the old Dag Strand Nielsen Family
Foundation fund.| |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**
**body**
**)**
**entitl**
**ed to**
**appo**
**int**
**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** 9th December 2025 **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** 1st April 2024 31st March 2025 ## **Section A Receipts and payments** **Unrestricted Restricted Endowment Total funds Last year funds funds funds to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £** ## **A1 Receipts** |DagStrand Nielsen Foundation||**18,033**||||**-**||||**-**||||**18,033**||||**-**|| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Longview Philanthropy||**-**||||**15,592**||||**-**||||**15,592**||||**-**|| |Foresight Transitions||**-**||||**1,250**||||**-**||||**1,250**||||**-**|| |Kristian Rönn||**-**||||**19,227**||||**-**||||**19,227**||||**-**|| |Bank compensation||**264**||||**-**||||**-**||||**264**||||**-**|| |Wong||**50**||||**-**||||**-**||||**50**||||**-**|| |||**-**||||**-**||||**-**||||**-**||||**-**|| |Swante Scholz||**-**||||**-**||||**-**||||||||**4,343**|| |||**-**||||**-**||||**-**||||**-**||||**-**|| |**_Sub total_**_(Gross income for AR)_||**18,347**||||**36,070**||||**-**||||**54,416**||||**4,343**|| |**A2 Asset and investment sales, (see**|||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**table).**|||||||||||||||||||| |||**-**||||**-**||||**-**||||**-**||||**-**|| |||**-**||||**-**||||**-**||||**-**||||**-**|| |**_Sub total_**||**-**||||**-**||||**-**||||**-**||||**-**|| ||||||||||||||||||||| |**_Total receipts_ **||**18,347**||||**36,070**||||**-**||||**54,416**||||**4,343**|| |**A3 Payments**
Staff wages
**15,687**
Expenses, materials, etc
**2,312**
**-**|**A3 Payments**
Staff wages
**15,687**
Expenses, materials, etc
**2,312**
**-**|**8,612**
**-**
**-**|**-**
**-**
**-**|**24,299**
**2,312**
**-**|| |---|---|---|---|---|---| |Staff wages|**15,687**|**8,612**|**-**|**24,299**|**-**| |Expenses, materials, etc|**2,312**|**-**|**-**|**2,312**|**-**| ||**-**|**-**|**-**|**-**|**-**| 01/27/2026 1 ||**-**||**-**||**-**||**-**||**-**| |---|---|---|---|---|---|---|---|---|---| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| ||**-**||**-**||**-**||**-**||**-**| |**_Sub total_**|**17,999**||**8,612**||**-**||**26,611**||**-**| |**A4 Asset and investment purchases,**|||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**(see table)**|||||||||||||||||||||| |||**-**|||||**-**|||||**-**||||**-**||||**-**|| |||**-**|||||**-**|||||**-**||||**-**||||**-**|| |**_Sub total_ **||**-**|||||**-**|||||**-**||||**-**||||**-**|| ||||||||||||||||||||||| |**_Total payments_ **||**17,999**||||**8,612**||||||**-**||||**26,611**||||**-**|| ||||||||||||||||||||||| |**_Net of receipts/(payments)_ **||**348**||||**27,458**|||||**-**|||||**27,806**||||**4,343**|| |**A5 Transfers between funds**||**-**||||**-**|||||**-**|||||**-**||||**-**|| |**A6 Cash funds last year end**||**4,343**|||||||||**-**|||||**4,343**||||**-**|| |**_Cash funds this year end_ **||**4,691**||||**27,458**|||||**-**|||||**32,148**||||**4,343**|| ||||||||||||||||||||||| ## **Section B Statement of assets and liabilities at the end of the period** |**Categories**
**B1 Cash funds**|**Details**
Lloyds
Wise
**_Total cash funds_**
(agree balances with receipts and payments
account(s))|**to nearest £**
**4,691**
**-**
**-**
**4,691**
OK
**Unrestricted**
**funds**|**to nearest £**
**8,230**
**19,227**
**-**
**27,457**
Agreement Error
**Restricted**
**funds**|**to nearest £**
**Endowment**
**funds**| |---|---|---|---|---| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||OK| 01/27/2026 2 ## **B2 Other monetary assets** |**Details**|**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Unrestricted**
**funds**|**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Restricted**
**funds**|**to nearest £**
**Endowment**
**funds**| |---|---|---|---| ||**-**|**-**|**-**| ||**-**|**-**|**-**| ||**-**|**-**|**-**| ||**-**|**-**|**-**| ||**-**|**-**|**-**| ||**-**|**-**|**-**| ## **B3 Investment assets** |**Details**|**Fund to which**
**asset belongs**|**Cost (optional)**
**-**
**-**
**-**
**-**
**-**|**Current value**
**(optional)**| |---|---|---|---| |||**-**|**-**| |||**-**|**-**| |||**-**|**-**| |||**-**|**-**| |||**-**|**-**| |**Details**
|**Fund to which**
**asset belongs**|**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Current value**
**(optional)**| |---|---|---|---| |||**-**|**-**| |||**-**|**-**| |||**-**|**-**| |||**-**|**-**| |||**-**|**-**| |||**-**|**-**| |||**-**|**-**| |||**-**|**-**| ## **B4 Assets retained for the charity’s own use** 01/27/2026 3 ## **B5 Liabilities** |||||**-**||**-**| |---|---|---|---|---|---|---| |||**Fund to which**||**Amount due**||**When due**| |**Details**||**liability relates**||**(optional)**||**(optional)**| |||||**-**||**0**| |||||**-**||**0**| |||||**-**||**0**| |||||**-**||**0**| |||||**-**||**0**| Signed by one or two trustees on behalf of all the trustees |Signature
|Print Name
Giuseppe Dal Prá
Paul Ingram|Date of
approval| |---|---|---| ||Giuseppe Dal Prá|09/12/2025| ||Paul Ingram|27/01/2026| 01/27/2026 4 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the truste members of Odyssean Institute 31° March 2025 On accounts for the year , endod . accounts for the year ended Set out on paga8 Onetot I report to the trustees on my examination of the accounts of the al)ove charity Ilhe Trust.) for the year ended 3110312025. Responsibllltles and As Ihe chafthi twstees of the Trust, you are resFrtMsible for the preparation basis of roport of the accounts in accordance wrth the requirements of th8 Chanties Act 2011 fthe Acr). I rewrt in respect of my examination of the Trusl's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 14515){bl of the Act. I have completed my examinatb)n. I confim that no material matters have come to my attention (other than that disclosed behjw ") in ￿nnectiOn wrth the examination which gNes me cause to beI￿ve that in, any material Independent examlnevs statement accounting records were not k8pl in accordance with 88Ction 130 of the Act or the accounts do rKI ￿0rd with the accx)unting records I have no concems and have ccKne ￿088 no other matters in connection with the examination to wh￿h attenlion should be drawn in order to en8ble proper understsnding of the accounts to be reached. Signed: 8igned: 2010112026 Name: Alan A Cleffents Rev'd Relevant professional l Fekw Ass(Kaakn of Charity Independent EX￿nerS qualification(s) or body (rf any): Address: 15 Carleton Road, Great KnthY*, Chorley, PR6 8TQ IER October 2018