THE OVO CHARITABLE FOUNDATION
Latest income
£1.0m
Latest spending
£780k
Registered
2014
Accounts read
FY2022
Financial health, per its FY2022 accounts
The accounts state that total income for the year was £1,066,144, resulting in a net income of £128,476 and unrestricted reserves of £1,894,423. The trustees report that reserves are maintained at a level equivalent to at least 20% of annual charitable expenditure, which is above the stated policy target.
What the accounts disclose
Reserves policy: at least 20% of our annual charitable expenditure (held: £1.9m)
“we maintain reserves equivalent to at least 20% of our annual charitable expenditure.”
Per its FY2022 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2024)
Total income
£1.0m
Total spending
£780k
Reserves (reported)
£2.1m
Employees
0
Trustees
- Gina Cicerone
- Innocent Mutindi
- Katherine Goldsmith
- Mahnoor Kamran
- Roseanne Baxter
- Thomas Luke Whittle
- Thomas Wilson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.0m | £780k |
| 31/12/2023 | £1.0m | £1.1m |
| 31/12/2022 | £1.1m | £939k |
| 31/12/2021 | £1000k | £799k |
| 31/12/2020 | £1.1m | £1.0m |
Common questions
Is THE OVO CHARITABLE FOUNDATION financially healthy?
The accounts state that total income for the year was £1,066,144, resulting in a net income of £128,476 and unrestricted reserves of £1,894,423. The trustees report that reserves are maintained at a level equivalent to at least 20% of annual charitable expenditure, which is above the stated policy target. Its FY2022 accounts were audited by PricewaterhouseCoopers LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE GENERATIONAL FOUNDATION | 1 | £500k |
| POWER TO CHANGE TRUST | 1 | £129k |
| BACK ON THE MAP LIMITED | 1 | £53k |
| THE SIR BERNARD & LADY SCHREIER FOUNDATION | 1 | £4k |
| THE AMAR FAMILY CHARITABLE TRUST | 1 | £3k |
| THE CHRISTOPHER AND HENRY OLDFIELD TRUST | 1 | £0 |