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
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
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" |