Charity Accounts Intelreading the accounts so you don’t have to

OCEAN FAMILY FOUNDATION

Registered charity 1174759 · accounts filings on the Charity Commission register

Latest income
£329k
Latest spending
£479k
Registered
2017
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that unrestricted reserves decreased from £85,182 to £42,956 during the year, driven by charitable expenditure exceeding incoming donations. The trustees maintain a reserves policy target of one year's running costs, noting that ongoing costs are minimal as there are no paid employees. The trustees confirm adequate resources for going concern, with anticipated post-year-end donations expected to meet obligations.

What the accounts disclose

Accounts independently examined (not a full audit).

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

Structured financials (annual return, FY ending 29/02/2024)

Total income
£645k
Total spending
£425k
Reserves (reported)
£263k
Employees
0

Reported reserves equal ~7.4 months of spending — above the median for charities its size (median 7.0 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Italy · Mozambique · Spain · Tanzania · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
28/02/2025£329k£479k
29/02/2024£645k£425k
28/02/2023£308k£361k
28/02/2022£714k£538k
28/02/2021£236k£448k

Common questions

Is OCEAN FAMILY FOUNDATION financially healthy?

The accounts state that unrestricted reserves decreased from £85,182 to £42,956 during the year, driven by charitable expenditure exceeding incoming donations. The trustees maintain a reserves policy target of one year's running costs, noting that ongoing costs are minimal as there are no paid employees. The trustees confirm adequate resources for going concern, with anticipated post-year-end donations expected to meet obligations. Its FY2023 accounts were independently examined.

Who funds OCEAN FAMILY FOUNDATION?

Funders whose own accounts filings name OCEAN FAMILY FOUNDATION as a grant recipient include PETER DUBENS FAMILY FOUNDATION, TARA GETTY FOUNDATION.

Shared trustees with funders

Register facts shown side by side: a person serves as trustee of both this charity and a funder whose accounts record grants to it. Shared trusteeship is lawful and common; well-run charities manage it through declared-interest procedures.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmount
PETER DUBENS FAMILY FOUNDATIONFY2025£106k
PETER DUBENS FAMILY FOUNDATIONFY2023£104k
TARA GETTY FOUNDATIONFY2024£92k
TARA GETTY FOUNDATIONFY2023£35k
PETER DUBENS FAMILY FOUNDATIONFY2024£35k
TARA GETTY FOUNDATIONFY2021£30k
TARA GETTY FOUNDATIONFY2022£9k

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE DIXON FOUNDATION1£65k
WHEELER MILL FOUNDATION1£59k
THE SIR BERNARD & LADY SCHREIER FOUNDATION1£4k
CHAPMAN CHARITABLE TRUST1£3k
THE CHRISTOPHER AND HENRY OLDFIELD TRUST1£0

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with PETER DUBENS FAMILY FOUNDATION.