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.
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
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 |
|---|---|---|
| Point North Community Foundation | 1 | £882k |
| REARDON SMITH NAUTICAL TRUST | 1 | £164k |
| THE FRANK JACKSON FOUNDATION | 1 | £126k |
| THE CHARLES LEWIS FOUNDATION | 1 | £108k |
| The Ethos Foundation | 1 | £100k |
| THE ASSOCIATION OF SAIL TRAINING ORGANISATIONS | 1 | £56k |
| THE BLAGRAVE TRUST | 1 | £51k |
| THE MARIE CELESTE SAMARITAN SOCIETY | 1 | £50k |
Charities like this
- THE GRIFFIN COMMUNITY TRUST
- NEW HORIZONS COMMUNITY ENTERPRISE
- OCEAN STARS TRUST
- EAST DURHAM COMMUNITY DEVELOPMENT TRUST LTD
- THE SHOREDITCH TRUST
- ROWNER COMMUNITY TRUST
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 |
| THE GRIFFIN COMMUNITY TRUST | £152k | — | 0 | unclear | — | no doubt |
| NEW HORIZONS COMMUNITY ENTERPRISE | £1.2m | £100,001 - £110,000 | — | above | — | no doubt |
| OCEAN STARS TRUST | £107k | — | 0 | below | — | no doubt |
| EAST DURHAM COMMUNITY DEVELOPMENT TRUST LTD | £1.7m | — | 0 | unclear | — | no doubt |
| THE SHOREDITCH TRUST | £1.7m | £70,001 - £80,000 | 1 | unclear | — | no doubt |