CLEANER OCEAN FOUNDATION

 

  A COMPANY WITH CHARITABLE OBJECTS THAT CANNOT BENEFIT FROM CHARITABLE STATUS DUE TO THE VAGARIES OF UK LAW

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The Cleaner Ocean Foundation Limited is a not for profit company with charitable objects, and without share capital. Meaning that the directors are Trustees, and as there are no shares, there can be no dividends to shareholders, as with profit making concerns.

 

All funds raised are used for our stated objects. In the event of being wound up, all remaining funds would be donated to a charity with similar aims.

 

Constitutionally, the company is a charity. After efforts to register with the Charity Commission, it was determined that due to work on social projects like SeaVax, and zero carbon transport, the Commission could not register the organization in the United Kingdom.

 

The Commission recognised that our work was of benefit to the communities we serve.

 

This may not seem logical to you and the decision may not have been entirely United Nations SDG 16 compatible, but that was the decision obtained on application - the we determined to abide by.

 

We could obtain charity registration if we divided up our work into separate aims, but that would prevent us contributing to society effectively. We would need to be much larger, with more trustees and many times the operating overheads. That would not be climate friendly. We do not make the rules.

 

We may cooperate with other charities and individual volunteers.

 

We may work with corporations that trade for profits, if it benefits our aims and objectives. Such companies might support our causes, in the knowledge that any agreement as to specific projects would be fulfilled.

 

 

 

The adventures of John Storm and the Elizabeth Swann. John Storm is an ocean adventurer and conservationist. The Elizabeth Swann is a fast solar powered boat. During a race around the world, news of the sinking of a pirate whaling ship reaches John Storm and his mate Dan Hawk. They decide to abandon the race and try and save the whale.

 

 

 

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