LOVE THE OCEANS CONSERVATION
Research: Fisheries, coral reef, whale sharks, manta rays, humpback whales, ocean trash and tagging Education:LTOC teaches basic marine resource management to 10-13yr olds, works with adults through community workshops and teaches swimming to 4-18yr oldsCapacity Building:LTOC is develops & runs capacity building projects to provide an alternative source of income to unsustainable fishing
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net surplus of £44,721 for the year ended 30 November 2024, resulting in total unrestricted fund balances of £85,093. The trustees consider that reserves of approximately £21,000 per annum are required to meet day-to-day administration and project needs, a level which has been maintained throughout the year. The financial statements were prepared on a going concern basis, with trustees expressing a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“Based on the current period's activities the Charity requires reserves of approximately £21,000 per annum. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.”
Trustees
- Francesca Trotmanchair
- Andrea Biden
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/11/2024 | £33k | £72k |
| 30/11/2023 | £97k | £52k |
| 30/11/2022 | £32k | £21k |
| 30/11/2021 | £9k | £2k |
| 30/11/2020 | £12k | £216 |
Common questions
Is LOVE THE OCEANS CONSERVATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net surplus of £44,721 for the year ended 30 November 2024, resulting in total unrestricted fund balances of £85,093. The trustees consider that reserves of approximately £21,000 per annum are required to meet day-to-day administration and project needs, a level which has been maintained throughout the year. The financial statements were prepared on a going concern basis, with trustees expressing a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.