THE REEF-WORLD FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net outgoing resource of £19,454 for the year, with total incoming resources of £458,256 against total expenditure of £477,710. The trustees note that the charity enters the next financial year with a minimum fundraising target of £418,049 and has increased its designated operational reserves to £65,000 to cover three months of core costs.
What the accounts disclose
“The charity’s reserve designated funds (Operational costs) have increased to £65,000 to cover 3 months of core operational costs in the case of financial challenges.” — page 15
“One trustee, as described in note 15, received remuneration for consultancy services. They were not paid in relation to their role as a trustee.” — page 29
“Tim Good, a trustee, is Chairman of the Matthew Good Foundation. During the year ended 31 May 2024, the charity received £25,000 (2023: £10,000) of grant funding from the Matthew Good Foundation.” — page 34
“James Greenhalgh, a trustee, was paid remuneration of £5,000 (2023: £nil) for providing consultancy services as Head of Digital on a grant funded project, as allowed by the charity's governing document.” — page 34
“Tim Good, a trustee, is Chairman of the Matthew Good Foundation. During the year ended 31 May 2024, the charity received £25,000 (2023: £10,000) of grant funding from the Matthew Good Foundation.” — page 34
“James Greenhalgh, a trustee, was paid remuneration of £5,000 (2023: £nil) for providing consultancy services as Head of Digital on a grant funded project, as allowed by the charity's governing document.” — page 34
Register events
- Received assets from another charity (07/06/2022)
Trustees
- Matthew Littlechair
- James Harry Greenhalgh CITP MBCS
- Jennifer Mather
- Kathleen Russell
- Kathryn Woode
- Matthew Giles Reed
- Petchrung Sukpong
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/05/2025 | £301k | £396k |
| 31/05/2024 | £458k | £478k |
| 31/05/2023 | £381k | £403k |
| 31/05/2022 | £312k | £239k |
| 31/05/2021 | £248k | £172k |
Common questions
Is THE REEF-WORLD FOUNDATION financially healthy?
The accounts state that the charity reported a net outgoing resource of £19,454 for the year, with total incoming resources of £458,256 against total expenditure of £477,710. The trustees note that the charity enters the next financial year with a minimum fundraising target of £418,049 and has increased its designated operational reserves to £65,000 to cover three months of core costs. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MASTER CHARITABLE TRUST | 1 | £1.0m |
| ECOLOGICAL RESTORATION FUND | 1 | £500k |
| The Brindle Foundation | 1 | £275k |
| PETER DUBENS FAMILY FOUNDATION | 1 | £245k |
| TARA GETTY FOUNDATION | 1 | £166k |
| THE CONSTANCE TRAVIS CHARITABLE TRUST | 1 | £130k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT ANDREW AND SAINT MARK, SURBITON | 1 | £98k |
| THE FIDELIS FOUNDATION | 1 | £96k |