OCEAN REGENERATION TRUST
To develop the capacity and skills of members of socially and economically disadvantaged communities in particular (but not limited to) those living on the Ocean Estate in the Borough of Tower Hamlets in such a way that they are better able to identify and help meet their needs and to participate more fully in society.
Objects
THE OBJECTS OF THE CHARITY ARE TO PROMOTE COMMUNITY CAPACITY BUILDING AND TO ADVANCE ANY OTHER PURPOSE OR PURPOSES WHICH ARE EXCLUSIVELY CHARITABLE UNDER THE LAWS OF ENGLAND AND WALES AS THE TRUSTEES FROM TIME TO TIME SEE FIT.COMMUNITY CAPACITY BUILDING MEANS DEVELOPING THE CAPACITY AND SKILLS OF THE MEMBERS OF SOCIALLY AND ECONOMICALLY DISADVANTAGED COMMUNITIES IN SUCH A WAY THAT THEY ARE BETTER ABLE TO IDENTIFY AND HELP MEET, THEIR NEEDS AND TO PARTICIPATE MORE FULLY IN SOCIETY.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a technical deficit of £83,701 for the year ended 31 March 2025, primarily due to delayed income transfers from the Local Authority. Despite this, the charity holds unrestricted reserves of £103,051 and confirms it remains a going concern with sufficient cash to meet liabilities. The trustees attribute the deficit to the timing difference between recognizing expenditure and receiving cash-based income.
What the accounts disclose
“While the Trust generally aims to hold 3–6 months of operating costs, the Board has designated the current fund balance to serve as a Strategic Liquidity Buffer.” — page 7
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investment
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2025
- Government income: £55,000 — contracts £55,000 (1); 37% of the £148,796 total gross income on the same return
Self-declared on the annual return for the financial year ending 31/03/2024
- Government income: £58,834 — grants £58,834 (4); 36% of the £163,963 total gross income on the same return
Self-declared on the annual return for the financial year ending 31/03/2023
- Volunteers: 10
- Government income: £60,329 — grants £60,329 (3); 25% of the £241,374 total gross income on the same return
- Grant-making is its main activity
Trustees
- EDDIE DEMETRIUS STRIDE
- Faizah Siddiqua
- Gladys Grant
- MICHAEL JAMES TYRRELL
- Nurjahan Bibi
- Rehana Alom
- Sarah Hasan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £149k | £232k |
| 31/03/2024 | £164k | £230k |
| 31/03/2023 | £241k | £139k |
| 31/03/2022 | £204k | £156k |
| 28/05/2021 | £131k | £166k |
Common questions
Is OCEAN REGENERATION TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a technical deficit of £83,701 for the year ended 31 March 2025, primarily due to delayed income transfers from the Local Authority. Despite this, the charity holds unrestricted reserves of £103,051 and confirms it remains a going concern with sufficient cash to meet liabilities. The trustees attribute the deficit to the timing difference between recognizing expenditure and receiving cash-based income. Its FY2025 accounts were independently examined.
Who funds OCEAN REGENERATION TRUST?
Funders whose own accounts filings name OCEAN REGENERATION TRUST as a grant recipient include EAST END COMMUNITY FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| EAST END COMMUNITY FOUNDATION | FY2023 | £18k | Support for Older People |
| EAST END COMMUNITY FOUNDATION | FY2024 | £10k | Tackling pensioner poverty |
| EAST END COMMUNITY FOUNDATION | FY2023 | £6k | Connection Cafe |
| EAST END COMMUNITY FOUNDATION | FY2023 | £5k | Ocean Women’s Peer Support Group |
| EAST END COMMUNITY FOUNDATION | FY2023 | £5k | Ocean Walkers & Cycling Hub |
| EAST END COMMUNITY FOUNDATION | FY2025 | £4k | Youth club |
| EAST END COMMUNITY FOUNDATION | FY2023 | £495 | Coronation Celebration Event |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE CRUCIBLE FOUNDATION | 1 | £150k |
| THE LONDON MARATHON CHARITABLE TRUST LIMITED | 1 | £46k |
| THE ASSOCIATION OF SAIL TRAINING ORGANISATIONS | 1 | £44k |
| SOCIETY OF THE HOLY CHILD JESUS CIO | 1 | £41k |
| THE HISCOX FOUNDATION | 1 | £36k |
| FAT FACE FOUNDATION | 1 | £35k |
| ROSA FUND | 1 | £22k |
| THE DOROTHY WHITNEY ELMHIRST TRUST | 1 | £21k |
Charities like this
- OCEAN STARS TRUST
- Ocean Generation
- OCEAN YOUTH CONNEXIONS
- THE WEST END COMMUNITY TRUST
- THE OCEAN TRUST
- OCEAN WOMEN'S ASSOCIATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| OCEAN REGENERATION TRUST | £149k | — | 0 | unclear | — | no doubt |
| OCEAN STARS TRUST | £107k | — | 0 | below | — | no doubt |
| Ocean Generation | £705k | over £60,000 | 1 | below | — | no doubt |
| OCEAN YOUTH CONNEXIONS | £193k | — | 0 | unclear | — | noted |
| THE WEST END COMMUNITY TRUST | £45k | — | — | above | — | no doubt |
| THE OCEAN TRUST | £145k | — | 0 | unclear | — | no doubt |