THE WHEELS PROJECT LIMITED
To promote social inclusion for the public benefit by working with young people living in Avon who are socially excluded or at serious risk of being socially excluded by the provision of educational and training opportunities which engage, motivate, build awareness, skills and capacity around safe vehicle road use and ownership, vehicle repair, maintenance, Further Education and employment.
Financial health, per its FY2025 accounts
The accounts state that the charity ended the year with a surplus of £25,912, increasing its total reserves to £207,953. Per the trustees' report, these reserves are equivalent to six months of operating costs, which aligns with the charity's stated financial policy target. The charity relies on a mix of referrer income and grants from trusts and foundations to maintain its activities.
What the accounts disclose
“total income generated from referrers increasing by 67% to £173,158” — page 6
“Our financial policy states that: The Wheels Project maintains levels of income equivalent to six months expenditure as shown and maintained in our forecast budget in the financial year ahead.” — page 6
Trustees
- Jonathan Cumminschair
- DAVID SMITHEN
- Duncan Charles Massey
- NICK ADAMS
- Rachael Wheatley
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £351k | £325k |
| 31/03/2024 | £334k | £308k |
| 31/03/2023 | £272k | £291k |
| 31/03/2022 | £269k | £271k |
| 31/03/2021 | £291k | £270k |
Common questions
Is THE WHEELS PROJECT LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity ended the year with a surplus of £25,912, increasing its total reserves to £207,953. Per the trustees' report, these reserves are equivalent to six months of operating costs, which aligns with the charity's stated financial policy target. The charity relies on a mix of referrer income and grants from trusts and foundations to maintain its activities. Its FY2025 accounts were audited by Charlton Baker (Bristol) Ltd.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE HARGREAVES FOUNDATION | 1 | £347k |
| THE STONE FAMILY FOUNDATION | 1 | £56k |
| JOHN JAMES BRISTOL FOUNDATION | 1 | £45k |
| CHK Foundation | 1 | £25k |
| PETER HARRISON FOUNDATION | 1 | £25k |
| THE LONDON MARATHON CHARITABLE TRUST LIMITED | 1 | £21k |
| SPIELMAN CHARITABLE TRUST | 1 | £16k |
| JOHN SWIRE 1989 CHARITABLE TRUST | 1 | £16k |
Charities like this
- THE WHEELS PROJECT
- WHEELS FOR WELLBEING
- RUTLAND HOUSE COMMUNITY TRUST LIMITED
- COMPASS COMMUNITY TRANSPORT LTD
- THE WHEELER FAMILY CHARITABLE TRUST
- WHEELHOUSE SQUARE FLATS
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE WHEELS PROJECT LIMITED | £351k | — | — | within | — | no doubt |
| THE WHEELS PROJECT | £193k | — | 0 | unclear | — | no doubt |
| WHEELS FOR WELLBEING | £456k | — | 0 | above | — | no doubt |
| RUTLAND HOUSE COMMUNITY TRUST LIMITED | £1.5m | — | 0 | unclear | — | no doubt |
| COMPASS COMMUNITY TRANSPORT LTD | £450k | — | 0 | above | — | no doubt |
| THE WHEELER FAMILY CHARITABLE TRUST | £451k | — | — | unclear | — | no doubt |