Registered charities in England and Wales
Data for financial year ending 31 December 2018
The Ovo Charitable Foundation
- 1 Rivergate, Bristol, BS1 6ED
Aims & activities
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.
What the charity does
- General charitable purposes
- The advancement of health or saving of lives
- The prevention or relief of poverty
- Economic/community development/employment
Who the charity helps
- Children/young people
- Other charities or voluntary bodies
- The general public/mankind
How the charity works
- Makes grants to organisations
- Provides other finance
- Provides buildings/facilities/open space
- Sponsors or undertakes research
Income and Endowments:
Assets and liabilities
- £0.0K Own use assets
- £0.0K Long term investments
- £0.0K Defined benefit pension scheme asset or liability
- £2.5M Other assets
- £0.0K Total liabilities
Raises funds from the Public
Charitable spending ratios
Ratios have to be put in context. They should be read in conjunction with the charity’s financial statements on which they’re based if they are to be interpreted correctly and sound conclusions drawn. For example the accounting rules affect what can be classed as income or expenditure. Where a charity which purchases land to further its objects the accounting rules do not permit including the purchase cost as charitable spending in its accounts. Instead it is ‘capitalised’ and shown on the balance sheet. Similarly a charity that receives an endowment it can’t spend may have a lower percentage of charitable spending as a proportion of income in the year of receipt as compared to the previous year as a result. Ratios may also be affected by the way a charity operates. For example, a charity which primarily generates income from investments may have lower cost of raising funds than one which employs fundraisers. A grant-making charity funding other charities to undertake an activity will have much lower staffing costs compared to a charity employing staff to perform that activity.
Charitable spending (including governance costs) as a percentage of income and endowments received by the charity in the reporting period. Does not include planned future spending.
Costs incurred in generating income as a proportion of total income and endowments received in the reporting period. May include spending to secure future funding.
The percentage of the charity’s total income retained for future use.
Accounts and trustees' annual report
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.
Governing documentMEMORANDUM AND ARTICLES INCORPORATED 24/02/2014 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 12 APR 2017
- 4 Trustees
- 0 Employees
- 0 Volunteers
|Trustee||Other trusteeships||Charity status|
|Samuel Kasumu||The Peace Alliance||Up-to-date|
|Stephen James Fitzpatrick||None on record|
|Gina Cicerone||None on record|
|Katherine Goldsmith||None on record|
Areas of operation
List of regions
- Bristol City
- City Of London