10 % For The Ocean
10% for the ocean is a global initiative to shift ocean charitable funding from 0.5% to 10% by 2030. We aim to motivate individuals and organisations to direct 10% of their philanthropy to creating an ocean superfund that will diversify donations and grants across projects worldwide that align with 1 or more of the 10 targets of the UN's Sustainable Development Goal 14 Life Below Water.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves decreased from £172,084 to £104,981, resulting in a net expenditure of £67,103 for the year. The trustees report that the charity's reserves policy is to maintain funds equivalent to between three and six months' expenditure, and they consider this level to have been maintained. The charity operates a defined contribution pension scheme and has no disclosed trading subsidiaries or pension deficits.
What the accounts disclose
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 8
“During the year, the charity purchased services at £6,503 (2023: £22,632) from Rohan Solicitors LLP with whom one of the trustee R. Rohan, is a designated member, At the year end, the charity owed £10,244 (2023: £8,612) to Rohan Solicitors LLP in relation to their purchases.” — page 21
“During the year, the charity received donations from Ocean Ten Media Limited of which trustee J Smith is a director, totalling £57,200 (2023: £318,000)” — page 21
“During the year, the charity purchased services at £6,503 (2023: £22,632) from Rohan Solicitors LLP with whom one of the trustee R. Rohan, is a designated member, At the year end, the charity owed £10,244 (2023: £8,612) to Rohan Solicitors LLP in relation to their purchases.” — page 21
“During the year, the charity received donations from Ocean Ten Media Limited of which trustee J Smith is a director, totalling £57,200 (2023: £318,000)” — page 21
“During the year, the charity purchased services at £6,503 (2023: £22,632) from Rohan Solicitors LLP with whom one of the trustee R. Rohan, is a designated member, At the year end, the charity owed £10,244 (2023: £8,612) to Rohan Solicitors LLP in relation to their purchases.” — page 21
“During the year, the charity received donations from Ocean Ten Media Limited of which trustee J Smith is a director, totalling £57,200 (2023: £318,000)” — page 21
“During the year, the charity purchased services at £6,503 (2023: £22,632) from Rohan Solicitors LLP with whom one of the trustee R. Rohan, is a designated member, At the year end, the charity owed £10,244 (2023: £8,612) to Rohan Solicitors LLP in relation to their purchases.” — page 21
“During the year, the charity received donations from Ocean Ten Media Limited of which trustee J Smith is a director, totalling £57,200 (2023: £318,000)” — page 21
Structured financials (annual return, FY ending 31/12/2022)
Trustees
- Jasper Smithchair
- Asker Fawmy
- RUPERT ROHAN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £146k | £213k |
| 31/12/2023 | £411k | £294k |
| 31/12/2022 | £501k | £412k |
| 31/12/2021 | £362k | £411k |
| 31/12/2020 | £187k | £172k |
Common questions
Is 10 % For The Ocean financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves decreased from £172,084 to £104,981, resulting in a net expenditure of £67,103 for the year. The trustees report that the charity's reserves policy is to maintain funds equivalent to between three and six months' expenditure, and they consider this level to have been maintained. The charity operates a defined contribution pension scheme and has no disclosed trading subsidiaries or pension deficits. Its FY2024 accounts were independently examined.
Who funds 10 % For The Ocean?
Funders whose own accounts filings name 10 % For The Ocean as a grant recipient include OCEAN FAMILY FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| OCEAN FAMILY FOUNDATION | FY2023 | £15k | |
| OCEAN FAMILY FOUNDATION | FY2024 | £15k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| The Global Returns Project Limited | 1 | £403k |
| JOHN ELLERMAN FOUNDATION | 1 | £399k |
| PETER DUBENS FAMILY FOUNDATION | 1 | £373k |
| CLEAN AIR FUND | 1 | £237k |
| THE CONSTANCE TRAVIS CHARITABLE TRUST | 1 | £180k |
| EAST HEAD IMPACT | 1 | £169k |
| SWIRE 2765 | 1 | £168k |
| TARA GETTY FOUNDATION | 1 | £166k |
Charities like this
- OCEAN FAMILY FOUNDATION
- PARTNERSHIP FOR OBSERVATION OF THE GLOBAL OCEAN
- THE 10:10 FOUNDATION
- OCEANA UK
- MALDIVES WHALE SHARK RESEARCH PROGRAMME LIMITED
- SEA LIFE TRUST LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| 10 % For The Ocean | £146k | — | 0 | unclear | — | no doubt |
| OCEAN FAMILY FOUNDATION | £329k | — | 0 | unclear | — | no doubt |
| PARTNERSHIP FOR OBSERVATION OF THE GLOBAL OCEAN | £780k | — | 0 | unclear | — | no doubt |
| THE 10:10 FOUNDATION | £1.2m | — | 0 | unclear | — | no doubt |
| OCEANA UK | £2.7m | — | 3 | above | — | no doubt |
| MALDIVES WHALE SHARK RESEARCH PROGRAMME LIMITED | £250k | — | 0 | unclear | — | no doubt |