THE WAVE PROJECT
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.
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.
What the accounts disclose
“Grants, donations and legacies rose to £1,380,843” — page 36
“The Charity is working towards maintaining sufficient unrestricted reserves to cover three months of management, administration and support costs” — page 36
“The Charity had a year end balance of £24,026 (2025: £16,980) owed by The Wave Project Retail Limited, their wholly owned subsidiary.”
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/01/2026)
Register events
- Received assets from another charity (29/07/2024)
- Received assets from another charity (17/03/2022)
- Received assets from another charity (25/04/2018)
Trustees
- William Robertsonchair
- Caroline Louise Keylock
- John Graham Murphy
- Rachael Parker
- Richard Alun LLoyd Jones
- Sally Munday
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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, LUCILLE FOUNDATION, THE CHIMO TRUST CIO, THE HARGREAVES FOUNDATION.
Known funders
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 16/01/2025 | £20k | The Wave Project |
| The National Lottery Community Fund | 03/05/2024 | £20k | The Wave Project North Devon |
| Sport England | 26/02/2024 | £14k | Adaptive Surf Hub Isle of Wight(Sandown) |
| Sport England | 30/03/2022 | £50k | Potentials Fund – Outdoors |
| The National Lottery Community Fund | 20/10/2021 | £238k | Wave Project sustainability template |
| The National Lottery Community Fund | 05/03/2021 | £10k | Surf Therapy - Prescription Surf with 1:1 mentor support |
| UK government | 22/09/2020 | £10k | Coronavirus Community Support Fund |
| Sport England | 14/02/2020 | £5k | Toyota Parasport Fund - Wave Project |
| The National Lottery Community Fund | 07/02/2020 | £10k | The Wave Project - Surf therapy for young people |
| The National Lottery Community Fund | 12/11/2019 | £200k | Improve wellbeing in young people through surfing |
| The National Lottery Community Fund | 01/07/2019 | £207k | The Wave Project Isle of Wight |
| Sport England | 23/10/2018 | £152k | Potentials Fund – Outdoors |
| The National Lottery Community Fund | 03/07/2018 | £5k | Wave Project Surf Club Scarborough ? Changing lives through surfing |
| The National Lottery Community Fund | 18/01/2017 | £10k | Wave Project: Scarborough |
| The National Lottery Community Fund | 29/03/2016 | £36k | The Wave Project Surf Club – Changing lives through surfing. |
| The National Lottery Community Fund | 13/01/2016 | £476k | The Wave Project - Cornwall and Devon |
| The National Lottery Community Fund | 29/07/2015 | £142k | Wave Project Cymru |
| The National Lottery Community Fund | 03/06/2015 | £9k | Wave Project Brighton |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ALAN EDWARD HIGGS CHARITY | 2 | £31k |
| THE ANNIE TRANMER CHARITABLE TRUST | 2 | £4k |
| THE EDGAR E LAWLEY FOUNDATION | 2 | £4k |
| SHAREDIMPACT | 1 | — |
| THE STONE FAMILY FOUNDATION | 1 | £81k |
| THE BLOOM FOUNDATION | 1 | £80k |
| THE MIRIANOG TRUST | 1 | £70k |
| JOHN JAMES BRISTOL FOUNDATION | 1 | £60k |
Charities like this
- THE BRAINWAVE CENTRE LIMITED
- WAVES MUSIC THERAPY
- THE FRIENDSHIP PROJECT
- SURFERS NOT STREET CHILDREN UK
- SEA - CHANGE PROJECTS LTD
- WAVE ACTIVE LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE WAVE PROJECT | £1.8m | — | — | unclear | — | no doubt |
| THE BRAINWAVE CENTRE LIMITED | £2.2m | — | — | unclear | — | no doubt |
| WAVES MUSIC THERAPY | £234k | — | 0 | within | — | no doubt |
| THE FRIENDSHIP PROJECT | £108k | — | 0 | unclear | — | no doubt |
| SURFERS NOT STREET CHILDREN UK | £342k | — | — | above | — | no doubt |
| SEA - CHANGE PROJECTS LTD | £204k | — | 0 | above | — | no doubt |