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OCEAN ROAD CENTRE

Registered charity 1172910 · accounts filings on the Charity Commission register

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Latest income
£1.9m
Latest spending
£404k
Registered
2017
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net income of £82,305 for the year ended 31 March 2024, resulting in total net assets of £661,273. The trustees confirmed that sufficient reserves exist to cover two years of running costs. The charity operates a defined contribution pension plan and has no operating lease commitments.

What the accounts disclose

Reserves policy: two years of running costs (held: £661k)
“The trustees have determined that Ocean Road Centre still has sufficient reserves to cover them for 2 years running costs.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£1.9m
Total spending
£404k
Cost of raising funds
£56k
Reserves (reported)
£356k
Employees
20

Reported reserves equal ~10.6 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: South Tyneside

Income and spending

Financial year endIncomeSpending
31/03/2025£1.9m£404k
31/03/2024£355k£272k
31/03/2023£315k£280k
31/03/2022£267k£222k
31/03/2021£220k£136k

Common questions

Is OCEAN ROAD CENTRE financially healthy?

The accounts state that the charity reported a net income of £82,305 for the year ended 31 March 2024, resulting in total net assets of £661,273. The trustees confirmed that sufficient reserves exist to cover two years of running costs. The charity operates a defined contribution pension plan and has no operating lease commitments. Its FY2024 accounts were independently examined.