WAVE ACTIVE LIMITED
Financial health, per its FY2023 accounts
The accounts state that the charity achieved a net profit of £8329,370 for the year ended 31 March 2023, excluding pension fund liability, following a recovery from pandemic-related losses. Per the trustees' report, the charity's free reserves stood at £1,089,302, which is below the stated policy target of £1.5 million. The charity remains on track to repay loans and has confirmed there is no material uncertainty regarding its ability to continue as a going concern.
What the accounts disclose
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- ERIC KIHLSTROMchair
- Catherine Harwood-Smith
- Charlotte Keenan
- Cllr Laurence O'Connor
- Dr Maja Golf-Papez
- KEVIN DAVID ELLIS
- Marcel Philippe Miller
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £8.1m | £6.9m |
| 31/03/2024 | £6.6m | £8.8m |
| 31/03/2023 | £6.3m | £6.1m |
| 31/03/2022 | £5.2m | £5.3m |
| 31/03/2021 | £4.8m | £5.0m |
Common questions
Is WAVE ACTIVE LIMITED financially healthy?
The accounts state that the charity achieved a net profit of £8329,370 for the year ended 31 March 2023, excluding pension fund liability, following a recovery from pandemic-related losses. Per the trustees' report, the charity's free reserves stood at £1,089,302, which is below the stated policy target of £1.5 million. The charity remains on track to repay loans and has confirmed there is no material uncertainty regarding its ability to continue as a going concern. Its FY2023 accounts were audited by McCabe Ford Williams.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ROGER DE HAAN CHARITABLE TRUST | 1 | £534k |
| WALES COUNCIL FOR VOLUNTARY ACTION | 1 | £233k |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |
| JOHN JACKSON CHARITABLE TRUST | 1 | £700 |