THE WAVE PROJECT

Charity number: 1163421
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

The Wave Project runs award-winning surf therapy programmes for children aged 8-24 in the UK. Using a combination of qualified staff and trained volunteers, we run an evidence-based programme of peer-led surfing lessons that helps children and young adults to improve their emotional wellbeing. We also run a Beach School project for children at risk of exclusion from school.

Income and expenditure

Data for financial year ending 31 January 2024

Total income:
£1,616,777

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Donations and legacies £1.17m
Charitable activities £350.28k
Other trading activities £95.08k
Investments £0
Other £0

Total expenditure:
£1,609,089

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Raising funds £570
Charitable activities £1.50m
Other £103.78k

£0 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £104.35k
Charitable expenditure £1.50m
Retained for future use £7.69k

People

38 Employee(s)

9 Trustee(s)

1600 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 1

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
  • The Advancement Of Health Or Saving Of Lives
  • Disability
  • Amateur Sport
  • Recreation
Who the charity helps:
  • Children/young People
  • People With Disabilities
  • Other Defined Groups
How the charity helps:
  • Provides Services
Where the charity operates:
  • Throughout England And Wales
  • Northern Ireland
  • Scotland

Governance

Registration history:
  • 04 September 2015: Standard registration
  • 25 April 2018: Funds received from 1164547 THE BIG STAND
  • 17 March 2022: Funds received from 1043293 HHLG - HEATH HOSPITAL LOURDES GROUP
  • 29 July 2024: Funds received from 1171180 SURF MOBILITY
Organisation type:
Charitable company
Other names:

No other names

Company number:
07489189 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • 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
  • Paying staff
  • 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
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

9 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Brett Simpson Chair 27 July 2020
None on record
Caroline Louise Keylock Trustee 22 April 2025
None on record
Richard Alunn LLoyd Jones Trustee 22 April 2025
None on record
Rachael Parker Trustee 22 April 2025
None on record
Gary James Dreghorn Trustee 22 April 2025
None on record
John Graham Murphy Trustee 22 April 2025
None on record
Alison Oliver Trustee 01 February 2024
None on record
Sally Munday Trustee 22 July 2022
None on record
William Robertson Trustee 27 April 2020
None on record

Financial history

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Financial period end date

Income / Expenditure 31/01/2020 31/01/2021 31/01/2022 31/01/2023 31/01/2024
Total gross income £978.82k £1.26m £1.48m £1.74m £1.62m
Total expenditure £973.48k £1.07m £1.66m £1.32m £1.61m
Income from government contracts N/A £1.43k N/A N/A N/A
Income from government grants £29.92k £124.80k £78.42k N/A N/A
Income - Donations and legacies £168.86k £930.06k £1.13m £1.48m £1.17m
Income - Other trading activities £100.98k £83.54k £115.08k £83.07k £95.08k
Income - Charitable activities £708.97k £243.62k £233.64k £173.46k £350.28k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £0 £0 £0 £0 £0
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £841.09k £1.04m £1.60m £1.23m £1.50m
Expenditure - Raising funds £132.39k £37.39k £62.80k £87.92k £570
Expenditure - Governance £36.81k £22.72k £32.10k £0 £61.45k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £0 £103.78k

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/01/2020 31/01/2021 31/01/2022 31/01/2023 31/01/2024
Own use assets £70.43k £86.83k £68.38k £70.84k £58.07k
Long-term investments £0 £0 £0 £0 £0
Other assets £251.34k £415.43k £219.83k £647.97k £726.52k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £62.50k £59.44k £30.94k £46.57k £104.67k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 January 2024 22 October 2024 On Time
Accounts and TAR 31 January 2024 22 October 2024 On Time Download Open in new window
Annual return 31 January 2023 31 October 2023 On Time
Accounts and TAR 31 January 2023 31 October 2023 On Time Download Open in new window
Annual return 31 January 2022 18 August 2022 On Time
Accounts and TAR 31 January 2022 18 August 2022 On Time Download Open in new window
Annual return 31 January 2021 25 November 2021 On Time
Accounts and TAR 31 January 2021 25 November 2021 On Time Download Open in new window
Annual return 31 January 2020 03 June 2021 185 days late
Accounts and TAR 31 January 2020 03 June 2021 185 days late Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 05/08/2015 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 17 FEB 2016

Charitable objects

1. TO ADVANCE IN LIFE, RELIEVE THE NEEDS OF AND HELP YOUNG PEOPLE AND IN PARTICULAR (BUT WITHOUT LIMITATION) THOSE AFFECTED BY DISABILITY, ILLNESS, MENTAL HEALTH PROBLEMS, SOCIAL EXCLUSION, LOW SELF-ESTEEM OR OTHER DISADVANTAGE OR DIFFICULTY INCLUDING (BUT NOT LIMITED TO) BY; (A) THE PROVISION OF RECREATIONAL AND LEISURE TIME ACTIVITIES PROVIDED IN THE INTERESTS OF SOCIAL WELFARE, WITH A VIEW TO IMPROVING THEIR CONDITIONS OF LIFE; AND (B) THE ADVANCEMENT OF THEIR EDUCATION AND THE DEVELOPMENT OF THEIR SKILLS, CAPABILITIES AND CONFIDENCE; IN PARTICULAR (BUT WITHOUT LIMITATION) THROUGH THE PROVISION OF INSTRUCTION IN AND FACILITIES FOR SURFING AND OTHER RELATED SPORTS; AND 2. TO ADVANCE, FOR THE BENEFIT OF THE PUBLIC, SUCH OTHER PURPOSES AS ARE EXCLUSIVELY CHARITABLE UNDER THE LAW OF ENGLAND AND WALES AS THE TRUSTEES MAY FROM TIME TO TIME DETERMINE.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED

Contact information

Address:
6 Fore Street
Newquay
CORNWALL
TR7 1LN
Phone:
01637820830
Email:
info@waveproject.co.uk
Website:

www.waveproject.co.uk Open in new window