WAVE ACTIVE LIMITED

Registered charity 1113486 · accounts filings on the Charity Commission register · also known as WAVE LEISURE TRUST LIMITED

Provider of Sports, Leisure and Recreational services and facilities primarily for, but not restricted to the communities within Lewes District and Eastbourne Borough.

Causes: General Charitable Purposes · Education/training · The Advancement Of Health Or Saving Of Lives · Disability · Arts/culture/heritage/science · Amateur Sport · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£8.1m
Latest spending
£6.9m
Registered
2006
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity generated a net profit of £1,089,261 for the year ended 31 March 2025, with total income of £8,066,607 exceeding expenditure of £6,941,000. Per the trustees' report, free reserves stood at £2,134,020, which is above the stated policy target of £1.5 million, and the charity holds significant cash balances and investment assets.

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

What the accounts disclose

Reserves policy: three months expenditure cover (held: £2.1m)
“The Trustees have assessed that the target free reserves of the Charity should be £1.5million, which is based on three months expenditure cover.” — page 12
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by McCabe Ford Williams. Discloses 4 of 6 completeness components.

Year-over-year changes

Comparing this charity’s FY2024 and FY2025 accounts as analysed by this site.

Corporate structure

Company officers (Companies House)

Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.

Official officers record.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/03/2025)

Total income
£8.1m
Total spending
£6.9m
Reserves (reported)
£2.1m
Employees
327

Reported reserves equal ~3.6 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Charitable activities (97% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

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

Operates in: East Sussex

Income and spending

Financial year endIncomeSpending
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?

Per its FY2025 accounts: The accounts state that the charity generated a net profit of £1,089,261 for the year ended 31 March 2025, with total income of £8,066,607 exceeding expenditure of £6,941,000. Per the trustees' report, free reserves stood at £2,134,020, which is above the stated policy target of £1.5 million, and the charity holds significant cash balances and investment assets. Its FY2025 accounts were audited by McCabe Ford Williams.

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Community Fund17/06/2015£280kNewhaven Live Life Project
The National Lottery Community Fund18/04/2012£9kThe Shakey Kitchen
The National Lottery Community Fund10/08/2011£181kThe Newhaven Community Shaky Project
The National Lottery Community Fund25/02/2010£9k4 Internet Cafes and hotspots

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
EAST END COMMUNITY FOUNDATION1£6k
TOWER HILL TRUST1£4k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with West Wight Sports and Community Centre Trust Ltd.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
WAVE ACTIVE LIMITED£8.1m——above—no doubt
West Wight Sports and Community Centre Trust Ltd FY2025£1.3m—0below—no doubt
E L M V SHADWELL BASIN PROJECT FY2025£311k—0above—no doubt
CAMBRIDGE SPORTS HALL TRUST LIMITED FY2025£1.2m—0below—no doubt
ACTIVE LINCOLNSHIRE FY2025£1.0m——unclear—no doubt
ABSOLUTELY TOGETHER FY2025£7.7m——unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.