WATERFRONT SPORTS & EDUCATION ACADEMY
WSEA covers Leicester & Leicestershire provides a range of sporting and educational activities and that works with disadvantage groups to enable them achieve a better quality of life.Boxing is major activity for the organisation alongside youth work,life and social skills, football, TableTennis
Objects
TO PROMOTE THE BENEFIT OF THE PUBLIC WITHOUT DISTINCTION OF SEX, SEXUAL ORIENTATION, NATIONALITY, AGE, DISABILITY, RACE OR OF POLITICAL, RELIGIOUS OR OTHER OPINIONS, BY ASSOCIATING TOGETHER THE PUBLIC AND THE STATUTORY AUTHORITIES, VOLUNTARY AND OTHER ORGANISATIONS IN A COMMON EFFORT TO ADVANCE EDUCATION, AMATEUR SPORT (THE ADVANCEMENT OF WHICH PROMOTES HEALTH BY INVOLVING PHYSICAL OR MENTAL SKILL OR EXERTION) AND TO PROVIDE FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR RECREATION AND LEISURE-TIME OCCUPATION WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE FOR THE PUBLIC.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net surplus of £273 for the year ended 31 July 2025, with total incoming resources of £62,659 against total expenditure of £62,388. However, the charity holds negative unrestricted funds of £1,891 and has total net liabilities of £1,891, indicating it is technically insolvent on a balance sheet basis despite current liquidity being managed through bank loans.
What the accounts disclose
“The main items of income are from grants of £24,406 (2024: £14,699) and Income-school of £21,943 (2024: £19,533).”
“During the year, the Charity received a donation of £16,227 (2024: £Nil) from Yuvraj Impex Limited, representing waived rent invoices. Additionally, the company has granted a rent-free period until 30 November 2026. The Charity's Trustee, Mrs Tara Burgess, serves as the sole director of Yuvraj Impex Limited.” — page 21
“During the year, The Charity received a grant of £Nil (2024: £7,200) from WSE Academy Ltd for which Mrs Tara Burgess serves as the sole director.” — page 21
“During the year, the Charity received a donation of £16,227 (2024: £Nil) from Yuvraj Impex Limited, representing waived rent invoices. Additionally, the company has granted a rent-free period until 30 November 2026. The Charity's Trustee, Mrs Tara Burgess, serves as the sole director of Yuvraj Impex Limited.” — page 21
“During the year, The Charity received a grant of £Nil (2024: £7,200) from WSE Academy Ltd for which Mrs Tara Burgess serves as the sole director.” — page 21
“The Henry Smith Charity Samworth Bros WSE Academy Ltd” — page 18
Policies the charity declares
- 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
Property (HM Land Registry)
Trustees
- Nikhil Naresh Gohilchair
- MAHESH PATEL
- Mahendra Devdat Patel
- Michael Edwin Lewis
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £63k | £62k |
| 31/07/2024 | £44k | £71k |
| 31/07/2023 | £82k | £108k |
| 31/07/2022 | £117k | £138k |
| 31/07/2021 | £240k | £248k |
Common questions
Is WATERFRONT SPORTS & EDUCATION ACADEMY financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net surplus of £273 for the year ended 31 July 2025, with total incoming resources of £62,659 against total expenditure of £62,388. However, the charity holds negative unrestricted funds of £1,891 and has total net liabilities of £1,891, indicating it is technically insolvent on a balance sheet basis despite current liquidity being managed through bank loans. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Sport England | 30/01/2026 | £9k | Waterfront |
| Sport England | 13/04/2021 | £9k | COVID19 Return to Play |
| Sport England | 11/06/2020 | £9k | COVID-19 CEF |
| The National Lottery Heritage Fund | 21/07/2016 | £10k | "Incredible Inventions of Color: Black Inventors Exhibition" |
| The National Lottery Community Fund | 01/06/2016 | £7k | WATERFRONT SUMMER SCHEME |