THE OK FOUNDATION
GENERAL CHARITABLE PURPOSESRELIEF OF POVERTYRELIGIOUS ACTIVITIES
Financial health, per its FY2024 accounts
The accounts state that total net assets increased to £45,013 from £19,951 in the prior year, driven by a net income of £25,062. The trustees report that reserves are in accordance with the charity's reserves policy, which aims to secure daily operations and future asset replacement. The independent examiner confirmed that no material matters were identified during the examination of the accounts.
What the accounts disclose
“The total reserves as at the end of the year are detailed on the balance sheet page and are in accordance with the Charity reserves policy. General reserves – The Charity maintained a general reserves to secure the daily operation of the Charity.” — page 4
Trustees
- CHRISTINA AYINKE OMIDEYIchair
- CANAAN CHURCH
- MR MANNY OMIDEYI
- Michele Rahman-Riding
- THOMAS BURKE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £98k | £73k |
| 31/12/2023 | £50k | £53k |
| 31/12/2022 | £47k | £46k |
| 31/12/2021 | £56k | £56k |
| 31/12/2020 | £38k | £34k |
Common questions
Is THE OK FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that total net assets increased to £45,013 from £19,951 in the prior year, driven by a net income of £25,062. The trustees report that reserves are in accordance with the charity's reserves policy, which aims to secure daily operations and future asset replacement. The independent examiner confirmed that no material matters were identified during the examination of the accounts. Its FY2024 accounts were independently examined.
Who funds THE OK FOUNDATION?
Funders whose own accounts filings name THE OK FOUNDATION as a grant recipient include THE 64 TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE 64 TRUST | FY2021 | — | Funding offered for defibrillators (amount not stated) |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 07/07/2023 | £10k | Grubb and Sing |
| UK government | 01/10/2020 | £7k | Coronavirus Community Support Fund |
| The National Lottery Community Fund | 21/09/2018 | £10k | Wonder Women Project (WWP) |