Charity Accounts Intelreading the accounts so you don’t have to

WETWHEELS FOUNDATION

Registered charity 1148600 · accounts filings on the Charity Commission register · also known as DISABLED POWERBOATING TRUST, WET WHEELS FOUNDATION · also registered in Scotland as SC051304 (OSCR)

Latest income
£262k
Latest spending
£293k
Registered
2012
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted funds stood at £67,352, which is below the charity's stated policy target of three to six months' expenditure. The trustees report that the charity remains in a healthy financial position and has adequate resources to continue in operational existence for the foreseeable future.

What the accounts disclose

Reserves policy: three and six month’s expenditure (held: £67k)
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 18
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Grants totalling £118,738 (2023: £122,221) were allocated to various Wetwheels CICs, for water-based activities, of which Trustee Geoff Holt is a Director of Wetwheels Solent.
“Grants totalling £118,738 (2023: £122,221) were allocated to various Wetwheels CICs, for water-based activities, of which Trustee Geoff Holt is a Director of Wetwheels Solent.” — page 30
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Public fundraising profile: JustGiving — Wetwheels Foundation (matched by registered charity number).

Trustees

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

Operates in: Guernsey · Jersey · Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/03/2025£262k£293k
31/03/2024£418k£268k
31/03/2023£358k£273k
31/03/2022£363k£206k
31/03/2021£260k£189k

Common questions

Is WETWHEELS FOUNDATION financially healthy?

The accounts state that unrestricted funds stood at £67,352, which is below the charity's stated policy target of three to six months' expenditure. The trustees report that the charity remains in a healthy financial position and has adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were independently examined.

Who funds WETWHEELS FOUNDATION?

Funders whose own accounts filings name WETWHEELS FOUNDATION as a grant recipient include THE PATRICK & HELENA FROST FOUNDATION, THE GEOFF & FIONA SQUIRE FOUNDATION.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmount
THE PATRICK & HELENA FROST FOUNDATIONFY2023£10k
THE GEOFF & FIONA SQUIRE FOUNDATIONFY2025£5k

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
ONE FOOTSTEP1—
THE CHARLES LEWIS FOUNDATION1£108k
THE LOWER GREEN FOUNDATION1£90k
THE FRANK JACKSON FOUNDATION1£90k
THE MOTIVATION CHARITABLE TRUST1£81k
REARDON SMITH NAUTICAL TRUST1£81k
CARETECH CHARITABLE FOUNDATION1£79k
THE LYNDAL TREE FOUNDATION1£45k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE RYA FOUNDATION.