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.

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

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 (held: £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.

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

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 4.8 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 (5.2%) (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, LUCILLE FOUNDATION, THE CHIMO TRUST CIO, THE HARGREAVES FOUNDATION.

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
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
HOLLYHOCK CHARITABLE FOUNDATIONFY2022£25k
THE EQ FOUNDATIONFY2024£25kSurf therapy courses for young people
THE BUFFINI CHAO FOUNDATIONFY2023£22k
RAISE YOUR HANDSFY2022£22k
MONDAY CHARITABLE TRUSTFY2025£20kDiscretionary Grants
THE CLARKSON FOUNDATIONFY2021£20kGrant for a new minibus for their Northern Ireland location to support the 'surf therapy' course.
Children's AllianceFY2024£20k
THE PENNIES FOUNDATIONFY2024£16k
RAISE YOUR HANDSFY2021£15k
THE BUFFINI CHAO FOUNDATIONFY2025£10k
THE HARGREAVES FOUNDATIONFY2025£10k
TALBOT VILLAGE TRUSTFY2024£10k
SEDEL - COLLINGS FOUNDATIONFY2025£10k
THE BRITFORD BRIDGE TRUSTFY2025£10kSecondary
THE CLARE MILNE TRUSTFY2024£10k
HAYS TRAVEL FOUNDATIONFY2025£6k
THE ALICE ELLEN COOPER-DEAN CHARITABLE FOUNDATIONFY2025£5k
LUCILLE FOUNDATIONFY2024£5k
THE ALICE ELLEN COOPER-DEAN CHARITABLE FOUNDATIONFY2023£5k
OKEHAMPTON FOUNDATIONFY2025£4kVarious
FRIARSGATE TRUSTFY2025£4kCare and Welfare
THE WIGHT AID FOUNDATIONFY2022£3k
SAMWORTH BROTHERS COMMUNITY OPPORTUNITY FUNDFY2025£2kSports Grants
CHAPMAN CHARITABLE TRUSTFY2024£2k
THE BUFFINI CHAO FOUNDATIONFY2022£1k
CAREW POLE CHARITABLE TRUSTFY2023£1k
CHAPMAN CHARITABLE TRUSTFY2022£1k
DUCHY HEALTH CHARITY LIMITEDFY2022£1k
THE GEORGE CADBURY TRUST (GEORGE HENRY T AND LAURENCE J CADBURY SECTIONS)FY2024£1k
BGF FOUNDATIONFY2025£1kStaff Grants
THE GEORGE CADBURY TRUST (GEORGE HENRY T AND LAURENCE J CADBURY SECTIONS)FY2025£1k
THE BARBARA WARD CHILDREN'S FOUNDATIONFY2022£1k
BLANCHMINSTER TRUSTFY2025£500Relief in need grants
THE WIGHT AID FOUNDATIONFY2021£300
SEDEL - COLLINGS FOUNDATIONFY2024£0

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 THE BRAINWAVE CENTRE LIMITED.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE WAVE PROJECT£1.8m——unclear—no doubt
THE BRAINWAVE CENTRE LIMITED FY2025£2.2m——unclear—no doubt
WAVES MUSIC THERAPY FY2025£234k—0within—no doubt
THE FRIENDSHIP PROJECT FY2025£108k—0unclear—no doubt
SURFERS NOT STREET CHILDREN UK FY2025£342k——above—no doubt
SEA - CHANGE PROJECTS LTD FY2025£204k—0above—no doubt

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