THE WAVE PROJECT

Registered charity 1163421 · accounts filings on the Charity Commission register · also registered in Scotland as SC046500 (OSCR)

The Wave Project runs award-winning surf therapy programmes for children aged 8-24 in the UK. Using a combination of qualified staff and trained volunteers, we run an evidence-based programme of peer-led surfing lessons that helps children and young adults to improve their emotional wellbeing. We also run a Beach School project for children at risk of exclusion from school.

Objects

1. TO ADVANCE IN LIFE, RELIEVE THE NEEDS OF AND HELP YOUNG PEOPLE AND IN PARTICULAR (BUT WITHOUT LIMITATION) THOSE AFFECTED BY DISABILITY, ILLNESS, MENTAL HEALTH PROBLEMS, SOCIAL EXCLUSION, LOW SELF-ESTEEM OR OTHER DISADVANTAGE OR DIFFICULTY INCLUDING (BUT NOT LIMITED TO) BY; (A) THE PROVISION OF RECREATIONAL AND LEISURE TIME ACTIVITIES PROVIDED IN THE INTERESTS OF SOCIAL WELFARE, WITH A VIEW TO IMPROVING THEIR CONDITIONS OF LIFE; AND(B) THE ADVANCEMENT OF THEIR EDUCATION AND THE DEVELOPMENT OF THEIR SKILLS, CAPABILITIES AND CONFIDENCE;IN PARTICULAR (BUT WITHOUT LIMITATION) THROUGH THE PROVISION OF INSTRUCTION IN AND FACILITIES FOR SURFING AND OTHER RELATED SPORTS; AND2. TO ADVANCE, FOR THE BENEFIT OF THE PUBLIC, SUCH OTHER PURPOSES AS ARE EXCLUSIVELY CHARITABLE UNDER THE LAW OF ENGLAND AND WALES AS THE TRUSTEES MAY FROM TIME TO TIME DETERMINE.

Area of benefit: NOT DEFINED

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · The Advancement Of Health Or Saving Of Lives · Disability · Amateur Sport · Recreation · website · Get email alerts

Registered contact address: Cornwall, South West, England (from the postcode on the register)

Latest income
£1.8m
Latest spending
£1.7m
Registered
2015
Accounts read
FY2026

Financial health, per its FY2026 accounts

The accounts state that the charity reported a surplus of £35,822 for the year ended 31 January 2026, following a previous deficit. Per the trustees' report, unrestricted reserves increased to £56,709, though the trustees note that these reserves remain below the charity's longer-term ambitions and policy target.

Automated summary of the FY2026 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Grants, donations and legacies (79% of income)
“Grants, donations and legacies rose to £1,380,843” — page 36
Per its FY2026 accounts as filed with the Charity Commission.
Reserves policy: three months of management, administration and support costs (reserves figure: £57k)
“The Charity is working towards maintaining sufficient unrestricted reserves to cover three months of management, administration and support costs” — page 36
Per its FY2026 accounts as filed with the Charity Commission.
Related-party transaction: The Wave Project Retail Limited
“The Charity had a year end balance of £24,026 (2025: £16,980) owed by The Wave Project Retail Limited, their wholly owned subsidiary.”
Per its FY2026 accounts as filed with the Charity Commission.

Accounts audited by Bishop Fleming Audit Limited. Discloses 4 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

From the charity’s annual return (Part A, self-declared)

Answers and figures the charity gave in Part A of its annual return to the Charity Commission. They are self-declared: not verified by the Commission or by this site. Only positive answers and figures are listed; items not listed are simply not shown.

Self-declared on the annual return for the financial year ending 31/01/2026

  • Volunteers: 1,395
  • Employees paid over £60,000: 1 (£60,001–£70,000: 1)
  • Has a trading subsidiary

Self-declared on the annual return for the financial year ending 31/01/2025

  • Volunteers: 1,395
  • Employees paid over £60,000: 1 (£60,001–£70,000: 1)
  • Has a trading subsidiary

Self-declared on the annual return for the financial year ending 31/01/2024

  • Volunteers: 1,600
  • Employees paid over £60,000: 1 (£60,001–£70,000: 1)
  • Has a trading subsidiary

Source: this charity’s annual returns on the Charity Commission register.

Corporate structure

THE WAVE PROJECT RETAIL LIMITED — per its own Companies House accounts
  • The company is a wholly owned subsidiary of The Wave Project and has taken advantage of the exemption in section 33.1A of FRS102 in not disclosing intra-group transactions where 100% of the voting rights are controlled within the Group.

Public fundraising profile: JustGiving — The Wave Project (matched by registered charity number).

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.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 31/01/2026)

Total income
£1.8m
Total spending
£1.7m
Cost of raising funds
£98k
Reserves (reported)
£42k
Employees
33

Reported reserves equal ~0.3 months of spending — in the bottom quarter for charities its size (median 4.7 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (79% 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: 5.6% of total income — above the median for charities its size (5.3%) (benchmarks).

Register events

Trustees · trustee networks

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

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

Income and spending

Financial year endIncomeSpending
31/01/2026£1.8m£1.7m
31/01/2025£1.6m£1.7m
31/01/2024£1.6m£1.6m
31/01/2023£1.7m£1.3m
31/01/2022£1.5m£1.7m

Common questions

Is THE WAVE PROJECT financially healthy?

Per its FY2026 accounts: The accounts state that the charity reported a surplus of £35,822 for the year ended 31 January 2026, following a previous deficit. Per the trustees' report, unrestricted reserves increased to £56,709, though the trustees note that these reserves remain below the charity's longer-term ambitions and policy target. Its FY2026 accounts were audited by Bishop Fleming Audit Limited.

Who funds THE WAVE PROJECT?

Funders whose own accounts filings name THE WAVE PROJECT as a grant recipient include THE FIDELITY UK FOUNDATION, THE PRUDENCE TRUST, HOLLYHOCK CHARITABLE FOUNDATION, LUCILLE FOUNDATION, THE CHIMO TRUST CIO.

Known funders

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

FunderYearAmountPurpose (as stated by the funder)
THE FIDELITY UK FOUNDATIONFY2025£350kWellbeing
THE PRUDENCE TRUSTFY2022£290kSustainability of the surf therapy project
HOLLYHOCK CHARITABLE FOUNDATIONFY2025£140k
LUCILLE FOUNDATIONFY2023£100k
THE CHIMO TRUST CIOFY2023£90kExpansion of surf therapy programme
THE PRUDENCE TRUSTFY2024£49kEvaluation
THE HARGREAVES FOUNDATIONFY2024£46k
HOLLYHOCK CHARITABLE FOUNDATIONFY2024£37k
RAISE YOUR HANDSFY2024£35k
RAISE YOUR HANDSFY2023£34k
THE EQ FOUNDATIONFY2024£25kSurf therapy courses for young people
HOLLYHOCK CHARITABLE FOUNDATIONFY2022£25k
THE PENNIES FOUNDATIONFY2025Unverified read£25kGrant to institution
THE BUFFINI CHAO FOUNDATIONFY2023£22k
RAISE YOUR HANDSFY2022£22k
SEDEL - COLLINGS FOUNDATIONFY2026£20k
THE CLARKSON FOUNDATIONFY2021£20kGrant for a new minibus for their Northern Ireland location to support the 'surf therapy' course.
Children's AllianceFY2024£20k
MONDAY CHARITABLE TRUSTFY2025£20kDiscretionary Grants
THE PENNIES FOUNDATIONFY2024£16k
RAISE YOUR HANDSFY2021£15k
THE BUFFINI CHAO FOUNDATIONFY2025£10k
THE HARGREAVES FOUNDATIONFY2025£10k
TALBOT VILLAGE TRUSTFY2024£10k
THE BARBARA WARD CHILDREN'S FOUNDATIONFY2021£10k
THE NISBET TRUSTFY2025£10k
SEDEL - COLLINGS FOUNDATIONFY2025£10k
THE BRITFORD BRIDGE TRUSTFY2025£10kSecondary
THE CLARE MILNE TRUSTFY2024£10k
THE CLARE MILNE TRUSTFY2021£9k
HAYS TRAVEL FOUNDATIONFY2025£6k
DUCHY HEALTH CHARITY LIMITEDFY2021£5k
THE ALICE ELLEN COOPER-DEAN CHARITABLE FOUNDATIONFY2023£5k
LUCILLE FOUNDATIONFY2024£5k
THE ALICE ELLEN COOPER-DEAN CHARITABLE FOUNDATIONFY2025£5k
OKEHAMPTON FOUNDATIONFY2025Unverified read£4kVarious
FRIARSGATE TRUSTFY2025£4kCare and Welfare
THE WIGHT AID FOUNDATIONFY2022£3k
SAMWORTH BROTHERS COMMUNITY OPPORTUNITY FUNDFY2025£2kSports Grants
CHAPMAN CHARITABLE TRUSTFY2024£2k
SAMWORTH BROTHERS COMMUNITY OPPORTUNITY FUNDFY2026£2kGrants to Institutions – Sports Grants
THE DAVID GIBBONS FOUNDATIONFY2022£2k
THE BUFFINI CHAO FOUNDATIONFY2022Unverified read£1k
THE GEORGE CADBURY TRUST (GEORGE HENRY T AND LAURENCE J CADBURY SECTIONS)FY2025£1k
THE GEORGE CADBURY TRUST (GEORGE HENRY T AND LAURENCE J CADBURY SECTIONS)FY2024£1k
CHAPMAN CHARITABLE TRUSTFY2022£1k
DUCHY HEALTH CHARITY LIMITEDFY2022£1k
THE BARBARA WARD CHILDREN'S FOUNDATIONFY2022£1k
BGF FOUNDATIONFY2025£1kStaff Grants
CAREW POLE CHARITABLE TRUSTFY2023£1k

Grants marked “Unverified read” were flagged by automated checks as possibly misread from the funder’s filed accounts. They are listed, but left out of the totals, counts and funder relationships this site computes.

Government & lottery funding

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

FunderDateAmountPurpose
The National Lottery Community Fund16/01/2025£20kThe Wave Project
The National Lottery Community Fund03/05/2024£20kThe Wave Project North Devon
Sport England26/02/2024£14kAdaptive Surf Hub Isle of Wight(Sandown)
Sport England30/03/2022£50kPotentials Fund – Outdoors
The National Lottery Community Fund20/10/2021£238kWave Project sustainability template
The National Lottery Community Fund05/03/2021£10kSurf Therapy - Prescription Surf with 1:1 mentor support
UK government22/09/2020£10kCoronavirus Community Support Fund
Sport England14/02/2020£5kToyota Parasport Fund - Wave Project
The National Lottery Community Fund07/02/2020£10kThe Wave Project - Surf therapy for young people
The National Lottery Community Fund12/11/2019£200kImprove wellbeing in young people through surfing
The National Lottery Community Fund01/07/2019£207kThe Wave Project Isle of Wight
Sport England23/10/2018£152kPotentials Fund – Outdoors
The National Lottery Community Fund03/07/2018£5kWave Project Surf Club Scarborough ? Changing lives through surfing
The National Lottery Community Fund18/01/2017£10kWave Project: Scarborough
The National Lottery Community Fund29/03/2016£36kThe Wave Project Surf Club – Changing lives through surfing.
The National Lottery Community Fund13/01/2016£476kThe Wave Project - Cornwall and Devon
The National Lottery Community Fund29/07/2015£142kWave Project Cymru
The National Lottery Community Fund03/06/2015£9kWave Project Brighton

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.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with WAVE FORWARD.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE WAVE PROJECT£1.8m——unclear—no doubt
WAVE FORWARD FY2025£45k——below—no doubt
WAVE TRUST FY2025£640k——above—no doubt
WAVE ADVENTURE FY2025£129k—0unclear—no doubt
THE BRAINWAVE CENTRE LIMITED FY2025£2.2m——unclear—no doubt
WAVES ADDITIONAL NEEDS SUPPORT GROUP FY2025£79k—0unclear—no doubt

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