10 % For The Ocean
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?
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 |
|---|---|---|
| OCEAN FAMILY FOUNDATION | FY2023 | £15k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| The Brindle Foundation | 1 | £275k |
| PETER DUBENS FAMILY FOUNDATION | 1 | £245k |
| TARA GETTY FOUNDATION | 1 | £166k |
| Tinsley Charitable Trust | 1 | £50k |
| THE DASHLIGHT FOUNDATION | 1 | £40k |
| THE FRAXINUS CHARITABLE TRUST | 1 | £20k |
| THE TOLKIEN TRUST | 1 | £15k |
| THE FREDERICK MULDER FOUNDATION | 1 | £14k |