Ocean Generation
THE CHARITY'S OBJECTS ("OBJECTS) ARE SPECIFICALLY RESTRICTED TO THE PROMOTION FOR THE PUBLIC BENEFIT OF THE CONSERVATION, PROTECTION AND IMPROVEMENT OF THE PHYSICAL AND NATURAL ENVIRONMENT FROMPLASTIC WASTE.
Financial health, per its FY2025 accounts
The accounts state that total income increased to £705,147, resulting in a surplus of £100,959 for the year. However, the Board notes that cash reserves of £97,234 are considered low and outside the targeted range, having breached the 12-week reserve trigger three times during the financial year. Despite this, the trustees confirm adequate resources exist to continue operations for the foreseeable future.
What the accounts disclose
“One staff member was paid over £60,000 during the year (2024 – £60,000).” — page 22
“One staff member was paid over £60,000 during the year” — page 22
“The largest source of funding once again came from Business partners who contributed just under 47% of total income”
“Board Cash Reserve was breached three times, in November 2024 and again in February and March 2025.” — page 13
“During the year, FIM Capital Limited a company of which Philip Scales is a Director and Shareholder provided accounting services to the Company, total paid as per the new accounting services agreement for the year ended 31 March 2025 was £20,068” — page 24
“From time to time, Acre Resources Limited, of which Andrew Cartland is a Director and Shareholder provided recruitment services to the company on a pro bono basis” — page 24
“During the year, FIM Capital Limited a company of which Philip Scales is a Director and Shareholder provided accounting services to the Company, total paid as per the new accounting services agreement for the year ended 31 March 2025 was £20,068” — page 24
“From time to time, Acre Resources Limited, of which Andrew Cartland is a Director and Shareholder provided recruitment services to the company on a pro bono basis” — page 24
“During the year, FIM Capital Limited a company of which Philip Scales is a Director and Shareholder provided accounting services to the Company, total paid as per the new accounting services agreement for the year ended 31 March 2025 was £20,068” — page 24
“From time to time, Acre Resources Limited, of which Andrew Cartland is a Director and Shareholder provided recruitment services to the company on a pro bono basis” — page 24
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Philip Peter Scaleschair
- Alexander Stonor
- Alexandra Lazenby
- Andrew John Cartland
- Edward Garrett
- Evagelia Emelia Holdaway
- Laura Blake
- Nancy Hobhouse
- Phillip Donald Jenkins
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £705k | £604k |
| 31/03/2024 | £493k | £578k |
| 31/03/2023 | £443k | £578k |
| 31/03/2022 | £722k | £427k |
| 31/03/2021 | £286k | £523k |
Common questions
Is Ocean Generation financially healthy?
Per its FY2025 accounts: The accounts state that total income increased to £705,147, resulting in a surplus of £100,959 for the year. However, the Board notes that cash reserves of £97,234 are considered low and outside the targeted range, having breached the 12-week reserve trigger three times during the financial year. Despite this, the trustees confirm adequate resources exist to continue operations for the foreseeable future. Its FY2025 accounts were independently examined.
What does the highest-paid employee of Ocean Generation earn?
Per its FY2025 accounts, the highest-paid employee was in the over £60,000 band, and 1 employees earned over £60,000.
Who funds Ocean Generation?
Funders whose own accounts filings name Ocean Generation as a grant recipient include THE CRUCIBLE FOUNDATION, FAT FACE FOUNDATION, THE HISCOX FOUNDATION, THE DOROTHY WHITNEY ELMHIRST TRUST, SOCIETY OF THE HOLY CHILD JESUS CIO.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE CRUCIBLE FOUNDATION | FY2025 | £150k | |
| FAT FACE FOUNDATION | FY2025 | £35k | Ocean Academy programme |
| THE HISCOX FOUNDATION | FY2022 | £32k | |
| THE DOROTHY WHITNEY ELMHIRST TRUST | FY2024 | £20k | |
| SOCIETY OF THE HOLY CHILD JESUS CIO | FY2021 | £16k | Grants |
| SOCIETY OF THE HOLY CHILD JESUS CIO | FY2025 | £15k | Grants |
| THE ORR MACKINTOSH FOUNDATION LIMITED | FY2023 | £15k | |
| LLOYD'S REGISTER FOUNDATION | FY2023 | £10k | World Risk Poll into Action funding |
| SOCIETY OF THE HOLY CHILD JESUS CIO | FY2024 | £10k | Grants |
| THE HISCOX FOUNDATION | FY2025 | £2k | |
| CHAPMAN CHARITABLE TRUST | FY2025 | £2k | |
| CHAPMAN CHARITABLE TRUST | FY2022 | £2k | |
| THE DOROTHY WHITNEY ELMHIRST TRUST | FY2023 | £1k | |
| THE HISCOX FOUNDATION | FY2023 | £1k | |
| THE HISCOX FOUNDATION | FY2024 | £500 |