PARTNERSHIP FOR OBSERVATION OF THE GLOBAL OCEAN
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £103,078 for the year ended 31 March 2024, resulting in total funds carried forward of £487,921. The trustees' report indicates that the level of unrestricted reserves held is broadly consistent with the charity's policy of holding one year's operating costs. The independent auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The target minimum Operating Reserve Fund is 12 months of average operating costs.” — page 19
“During the period Plymouth Marine Laboratories gave POGO free use of office space in lieu of membership fees. This has been reflected in the accounts at a value of £4,750 (2023: £3,943), being the membership fees that would have been paid without the agreement.” — page 37
Funders the charity credits
- Minderoo Foundation
- OceanQuest
- OceanX
- The Alfred P Sloan Foundation
- The Nippon Foundation
- The Richard Lounsbery Foundation
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Capt. Francisco Armando Arias-Isazachair
- Dr Anya Mary Waite
- Dr Carmen Guadalupe Paniagua Chavez
- Dr Olivier Georges Marie Pringault
- Dr Steven Francis DiMarco
- Dr Tamaryn Antonello
- Prof. Fei Chai
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £780k | £927k |
| 31/03/2024 | £675k | £779k |
| 31/03/2023 | £834k | £866k |
| 31/03/2022 | £835k | £922k |
| 31/03/2021 | £983k | £799k |
Common questions
Is PARTNERSHIP FOR OBSERVATION OF THE GLOBAL OCEAN financially healthy?
The accounts state that the charity reported a net expenditure of £103,078 for the year ended 31 March 2024, resulting in total funds carried forward of £487,921. The trustees' report indicates that the level of unrestricted reserves held is broadly consistent with the charity's policy of holding one year's operating costs. The independent auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by TC Group.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| PETER DUBENS FAMILY FOUNDATION | 1 | £245k |
| TARA GETTY FOUNDATION | 1 | £166k |
| THE DIXON FOUNDATION | 1 | £65k |
| WHEELER MILL FOUNDATION | 1 | £59k |
| THE COMPANY OF BIOLOGISTS | 1 | £38k |
| OCEAN FAMILY FOUNDATION | 1 | £15k |
| CHAPMAN CHARITABLE TRUST | 1 | £3k |