Finance Score: 6

Governance Score: 5

Support Score: 0

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

No conflicts policy: -1
Good trustee age range: +3
Dynamic board: +3

No supporters identified

Overall GiG Score: 11

THE OVO CHARITABLE FOUNDATION

This is a grant making charity, you can view its grants here

The OVO Foundation is OVO Energy's charitable arm. The OVO Foundation has three focus areas: energy and the environment; youth homelessness; and education. The Foundation supports inspiring organisations with smart ideas, and researches and invests in projects to give young people a better future.

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, despite a decline more recently
There have been no material income shortfalls in recent years
Fundraising costs are unusually low relative to funds raised
The Board appears to be well diversified in terms of age and dynamic in terms of composition

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return
This charity does not have a Conflict of Interests policy

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £1,894,423 available, equivalent to 24 months of spending and so may not be able to utilise additional funding

Established: 10 years

www.ovofoundation.org.uk

hello@ovofoundation.org.uk

08005999440

Charity Commission for England and Wales

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
31/12/22	£1,068	£939	£128	£0	£1,894	£1,894	24.2	0
31/12/21	£1,000	£799	£200	£0	£1,766	£1,766	26.5	0
31/12/20	£1,115	£1,015	£100	£0	£1,565	£1,565	18.5	0
31/12/19	£1,011	£2,049	£-1,039	£0	£1,466	£1,466	8.6	0
31/12/18	£1,017	£286	£731	£0	£2,504	£2,504	105.2	0
31/12/17	£1,017	£523	£494	£0	£1,773	£1,773	40.7	0
31/12/16	£1,009	£254	£755	£0	£1,279	£1,279	60.4	0
31/12/15	£522	£0	£522	£0	£524	£524	INF	2
31/12/14	£2	£0	£2	£0	£0	£0	NAN	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 0%
Liabilities/Income: 0%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 24.2 months
Net Current Assets/Spending: 24 months
Quick Ratio: INF

Asset Split ?

Listed activities

Accommodation/Housing
Economic/Community Development/Employment
Education/Training
Environment/Conservation/Heritage
General Charitable Purposes
The Advancement Of Health Or Saving Of Lives
The Prevention Or Relief Of Poverty

How it operates

Makes Grants to Organisations
Provides buildings/facilities/open space
Provides other finance
Sponsors or undertakes research

Where it operates

Bristol City, City Of London, Kenya,

Who it helps

Children/Young People
Other Charities Or Voluntary Bodies
The General Public/Mankind

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (7)

Current Trustees appointed

Age Range of Trustees: 23-43

CHARLOTTE EATON Appointed: 2022, Occupation: Hr Director

GINA CICERONE Appointed: 2019, Occupation: Charity Executive

KATHERINE GOLDSMITH Appointed: 2019, Occupation: Sustainability

OLUWAKEMI AKINDELE Appointed: 2021, Occupation: Communications Director

PHILLIP KERRY Appointed: 2020, Occupation: Charity Chief Executive

ROSEANNE BAXTER Appointed: 2023, Occupation: Head Of Care

THOMAS WILSON Appointed: 2021, Occupation: Student

Legal constitution

Charitable company registered in England & Wales on 27/02/2014, number: 1155954
Registered at Companies House on 24/02/2014, number: 08908420

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

There are no Policies registered with the Charities Commission

Filing Record

9 returns made; all on time

Main office

1 Rivergate
BRISTOL
BS1 6ED

Objectives

2.1 THE OBJECTS OF THE CHARITY ARE FOR THE PUBLIC BENEFIT:(A) THE PREVENTION OR RELIEF OF POVERTY OR FINANCIAL HARDSHIP ANYWHERE IN THE WORLD, PARTICULARLY BUT NOT EXCLUSIVELY;(I) BY PROVIDING GRANTS, ITEMS AND SERVICES TO INDIVIDUALS IN NEED, OR TO CHARITIES OR OTHER ORGANISATIONS WORKING TO PREVENT OR RELIEVE POVERTY;(II) BY PROVIDING INDIVIDUALS OR COMMUNITIES WITH GOODS OR SERVICES WHICH THEY COULD NOT OTHERWISE AFFORD THROUGH LACK OF MEANS;(B) TO PROMOTE THE CONSERVATION, PROTECTION AND IMPROVEMENT OF THE PHYSICAL AND NATURAL ENVIRONMENT;(C) TO PROMOTE SUSTAINABLE DEVELOPMENT FOR THE BENEFIT OF THE PUBLIC BY:(I) THE PRESERVATION, CONSERVATION AND THE PROTECTION OF THE ENVIRONMENT AND THE PRUDENT USE OF NATURAL RESOURCES;(II) THE RELIEF OF POVERTY AND THE IMPROVEMENT OF THE CONDITIONS OF LIFE IN SOCIALLY AND ECONOMICALLY DISADVANTAGED COMMUNITIES; AND(III) THE PROMOTION OF SUSTAINABLE MEANS OF ACHIEVING ECONOMIC GROWTH AND REGENERATION; AND WHERE SUSTAINABLE DEVELOPMENT MEANS DEVELOPMENT THAT MEETS THE NEEDS OF THE PRESENT WITHOUT COMPROMISING THE ABILITY OF FUTURE GENERATIONS TO MEET THEIR OWN NEEDS; AND(D) TO FURTHER SUCH EXCLUSIVELY CHARITABLE PURPOSES ACCORDING TO THE LAW OF ENGLAND AND WALES AS THE TRUSTEES IN THEIR ABSOLUTE DISCRETION FROM TIME TO TIME SEE FIT.

Data Sources