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THE NICHOLAS EVERITT PARK

Registered charity 304788 · accounts filings on the Charity Commission register

LAND TO BE USED AS AN OPEN SPACE BY INHABITANTS AND VISITORS TO LOWESTOFT. REASONABLE FACILITIES SHALL BE GIVEN FOR GENERAL SPORTS AND RECREATION INCLUDING WATERSPORTS.

Causes: Amateur Sport · Get email alerts

Latest income
£230k
Latest spending
£224k
Registered
1964
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity holds unrestricted reserves of £38,307, which is below its stated policy target of six months' expenditure. The charity is underwritten by Oulton Broad Parish Council, which gifted £137,000 for park maintenance, and reported a net surplus for the year.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: six months expenditure (held: £38k)
“The required level of reserves to be held is to be equivalent to six months expenditure.” — page 4
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Councillors are tenants of charity properties on commercial basis
“Some of the Councillors of the Oulton Broad Parish Council are tenants of the properties owned by the Charity with rental charges being on a commercial basis.” — page 12
“During the year a total of £162,310 (2024: £129,000) was received from Oulton Broad Parish Council in grants.” — page 12
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Grants received from Oulton Broad Parish Council
“Some of the Councillors of the Oulton Broad Parish Council are tenants of the properties owned by the Charity with rental charges being on a commercial basis.” — page 12
“During the year a total of £162,310 (2024: £129,000) was received from Oulton Broad Parish Council in grants.” — page 12
Per its FY2025 accounts as filed with the Charity Commission.

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

Trustees · trustee networks

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

Operates in: Suffolk

Income and spending

Financial year endIncomeSpending
31/03/2025£230k£224k
31/03/2024£191k£190k
31/03/2023£216k£215k
31/03/2022£249k£263k
31/03/2021£139k£103k

Common questions

Is THE NICHOLAS EVERITT PARK financially healthy?

Per its FY2025 accounts: The accounts state that the charity holds unrestricted reserves of £38,307, which is below its stated policy target of six months' expenditure. The charity is underwritten by Oulton Broad Parish Council, which gifted £137,000 for park maintenance, and reported a net surplus for the year. Its FY2025 accounts were independently examined.