Finance Score: 6

Governance Score: 6

Support Score: 11

Liabilities <10%: +3
Excess reserves: -2
Strong growth: +2
Fundraising costs low: +3

Good trustee age range: +3
Dynamic board: +3

Grant maker support: +11

Overall GiG Score: 23

BLUE VENTURES CONSERVATION

Blue Ventures is a science-led social enterprise that works with coastal communities to develop transformative approaches for nurturing and sustaining locally led marine conservation initiatives. We work in places where the ocean is vital to local people, cultures and economies, and where there is a fundamental need to support human development.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
There has been strong growth in spending over the last 5 years
There have been no material income shortfalls in recent years
Fundraising costs are unusually low relative to funds raised
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age and dynamic in terms of composition

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £21,544,079 available, equivalent to 26 months of spending and so may not be able to utilise additional funding

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff
30/06/22		£29,493	£9,831	£19,662	£417	£26,518	£21,544	26.3	271
30/06/21		£9,823	£6,828	£2,995	£152	£6,856	£3,657	6.4	255
30/06/20		£7,059	£6,146	£913	£142	£4,466	£968	1.9	254
30/06/19		£6,284	£5,275	£1,009	£174	£3,495	£566	1.3	207
30/06/18		£4,029	£4,125	£-96	£161	£2,423	£599	1.7	173
30/06/17		£3,007	£2,285	£722	£78	£2,519	£582	3.1	130
30/06/16		£2,238	£1,617	£620	£59	£1,797	£184	1.4	96
30/06/15		£1,900	£1,268	£632	£83	£1,177	£495	4.7	74
30/06/14		£934	£1,004	£-70	£63	£545	£142	1.7	62
30/06/13		£923	£933	£-10	£66	£615	£116	1.5	54
30/06/12		£963	£751	£211	£61	£625	£122	1.9	37
30/06/11		£680	£500	£180	£49	£414	£146	3.5	22
30/06/10	*	£225	£243	£-18	£0	£0	£0	n/a	0
30/06/09	*	£331	£148	£183	£0	£0	£0	n/a	0
30/06/08		£119	£48	£71	£0	£0	£0	n/a	0
30/06/07	*	£65	£57	£8	£0	£0	£0	n/a	0
30/06/06	*	£14	£9	£5	£0	£0	£0	n/a	0
30/06/05	*	£10	£12	£-2	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 1.4%
Fundraising Costs/Total Spending: 4.2%
Senior Staff Costs/Total Spending: 5%
Highest pay band: £100,000-£110,000
Liabilities/Assets: 3%
Liabilities/Income: 3%
Unrestricted Funds/Total Funds: 81%
Reserves/Spending: 26.3 months
Net Current Assets/Spending: 32 months
Quick Ratio: 27.9

Asset Split ?

Established: 21 years

http://www.blueventures.org

info@blueventures.org

020 7697 8598

Charity Commission for England and Wales

Tweets

Listed activities

Animals
Economic/Community Development/Employment
Education/Training
Environment/Conservation/Heritage
The Advancement Of Health Or Saving Of Lives
The Prevention Or Relief Of Poverty

GiG Classification

Environment conservation & animal welfare advocacy

How it operates

Provides advocacy/advice/information
Provides human resources
Provides services
Sponsors or undertakes research

Where it operates

Belize, Comoros, East Timor, Indonesia, Kenya, Madagascar, Mozambique, Tanzania,

Who it helps

Other Defined Groups
The General Public/Mankind

Who works here?

271 employees

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years

ARCADIA	£2,500,000
Department for Environment, Food and Rural Affairs	£1,268,490
Greenwood Place	£700,000

Specific Donations

Amount	When Months	To be used for
Greenwood Place - Grant to Blue Ventures
£150,000	01/12/2022	Unrestricted funding
ARCADIA - Support for Blue Ventures’ core operations.
£2,500,000	01/06/2022	Support for Blue Ventures’ core operations.
Greenwood Place - Grant to Blue Ventures
£50,000	01/04/2022	Unrestricted funding
Greenwood Place - Grant to Blue Ventures
£50,000	29/03/2022	Unrestricted funding
Greenwood Place - Grant to Blue Ventures
£150,000	01/12/2021	Unrestricted funding
Department for Environment, Food and Rural Affairs - Blue Forests
£1,268,490	01/04/2021	Blue Forests is a mangrove conservation project geographically focused in Africa and South East Asia focused on four activity components: carbon; fisheries; livelihoods; and health.This project will ....more Blue Forests is a mangrove conservation project geographically focused in Africa and South East Asia focused on four activity components: carbon; fisheries; livelihoods; and health.This project will meet both Defra and ICF objectives by combating mangrove loss. It will work with local communities, the private sector and government to establish improved livelihoods and green business opportunities based on sustainable mangrove forestry and fisheries management.
Greenwood Place - Grant to Blue Ventures
£150,000	01/12/2020	Unrestricted funding
Greenwood Place - Grant to Blue Ventures
£150,000	01/12/2019	Unrestricted funding
Greenwood Place - Grant to Blue Ventures
£150,000	01/12/2018	Unrestricted funding
Greenwood Place - Grant to Blue Ventures
£150,000	01/11/2017	Unrestricted funding

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (10)

Current Trustees appointed

Age Range of Trustees: 41-70

RUMA MANDAL Appointed: 2023, Occupation: Consultant

RUPEN PATEL Appointed: 2023, Occupation: Investment Manager

CAROLINE LOUISE LOVELACE Appointed: 2021, Occupation: Retired

DR PHILIP JAMES Appointed: 2023, Occupation: Economist

FIONA MARY HOLMES Appointed: 2022, Occupation: Charity Trustee

MEG ADHIAMBO OTEINO Appointed: 2023

PETER EVERETT Appointed: 2021, Occupation: Retired

ZOE AVERILL Appointed: 2021, Occupation: Head Of Human Resources

GAVIN STARKS Appointed: 2018, Occupation: Director, Other trusteeship: LONGPLAYER TRUST,

IAN CHARLES BARRY Appointed: 2021, Occupation: Director

Legal constitution

Charitable company registered in England & Wales on 07/08/2003, number: 1098893
Registered at Companies House on 10/02/2003, number: 04660959

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

18 returns made; AR10: 80 days late, AR09: 10 days late, AR07: 61 days late, AR06: 197 days late, AR05: 122 days late,

Main office

Mezzanine
The Old Library Business Centre
Trinity Road
St Jude's
Bristol
BS2 0NW

Objectives

THE CHARITY'S OBJECTS (OBJECTS) ARE SPECIFICALLY RESTRICTED TO THE FOLLOWING:(A) THE FURTHERANCE OF THE EDUCATION OF MEMBERS OF THE PUBLIC AND THE PROMOTION, ORGANISATION AND SUPPORT (FINANCIAL AND OTHERWISE) OF RESEARCH EXPEDITIONS FOR THE EXPLORATION OF CORAL REEF AND OTHER MARINE ECOSYSTEMS IN REMOTE AND UNDEVELOPED REGIONS OF THE EARTH FOR THE PURPOSES OF ADVANCING KNOWLEDGE OF OR RESEARCHING INTO SAID MARINE ECOSYSTEMS FOR THE BENEFIT OF THE PUBLIC; (B)THE PROMOTION OF THE SUSTAINABLE FOR THE BENEFIT OF THE PUBLIC BY:1)THE PRESERVATION, CONSERVATION AND PROTECTION OF THE ENVIRONMENT AND THE PRUDENT USE OF RESOURCES IN COASTAL AREAS OF DEVELOPING COUNTRIES; AND2)THE PROMOTION OF SUSTAINABLE MEANS OF ACHIEVING ECONOMIC GROWTH AND REGENERATION;(C)THE ADVANCEMENT OF EDUCATION OF COASTAL COMMUNITIES IN DEVELOPING COUNTRIES REGARDING MARINE ECOSYSTEMS AND THE PROTECTION, ENHANCEMENT AND REHABILITATION OF THE ENVIRONMENT; AND(D)THE PROMOTION FOR THE BENEFIT OF THE PUBLIC THE CONSERVATION PROTECTION AND IMPROVEMENT OF THE PHYSICAL AND NATURAL ENVIRONMENT BY PROMOTING BIOLOGICAL DIVERSITY.IN THE OBJECTS SUSTAINABLE DEVELOPMENT MEANS DEVELOPMENT WHICH MEETS THE NEEDS OF THE PRESENT WITHOUT COMPROMISING THE ABILITY OFF FUTURE GENERATIONS TO MEET THEIR OWN NEEDS.

Defined Area of Benefit:

NOT DEFINED

Data Sources