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up-to-date

Data for financial year ending 31 December 2018

The Ovo Charitable Foundation

  • Income

    £1.0M

  • Spending

    £285.6K

  • Status

    Up-to-date

Charity no. 1155954 Company no. 08908420

Contact details

Public address

  • 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
  • Education/training
  • The advancement of health or saving of lives
  • The prevention or relief of poverty
  • Accommodation/housing
  • Environment/conservation/heritage
  • 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:

£1.0M

Expenditure:

£285.6K

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
Financial history
Compliance history

Fundraising

Raises funds from the Public

Charitable spending ratios

28%
0%
72%

Charitable objects

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 document

MEMORANDUM AND ARTICLES INCORPORATED 24/02/2014 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 12 APR 2017

Organisation type

Standard registration

  • 4 Trustees
  • 0 Employees
  • 0 Volunteers

Trustee board

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
  • Kenya