Open College Network Northern Ireland
Latest income
£3.1m
Latest spending
—
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity finished the year with a healthy surplus of £335,662, generated from centre and learner registration fees. The trustees report that the organization is self-financing and reinvests all resources back into the development of new qualifications. A pension deficit liability of £14,498 is disclosed, which the board monitors via a Pensions Committee.
What the accounts disclose
Employees paid over £60,000: 0
Per FY2025 accounts as filed with CCNI.
Reserves policy: 18 months of recurrent overhead expenditure
“It has an established reserves policy that requires OCN NI to hold free reserves equivalent to 18 months of recurrent overhead expenditure”
Per FY2025 accounts as filed with CCNI.
Largest income source: none
“OCN NI continues to generate income from its annual centre and learner registration fees.”
Per FY2025 accounts as filed with CCNI.