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.
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.
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.”
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
From the charity’s annual return (Part A, self-declared)
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
Corporate structure
- Registered company of the charity Companies House 07489189
- Trading subsidiary: THE WAVE PROJECT RETAIL LIMITED Companies House 12801588
- 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.
Company officers (Companies House)
- JONES, Richard Alun Lloyd on trustee list
- KEYLOCK, Caroline Louise on trustee list
- MURPHY, John Graham on trustee list
- PARKER, Rachael on trustee list
- MUNDAY, Sally Elizabeth on trustee list
- ROBERTSON, William James on trustee list
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, HOLLYHOCK CHARITABLE FOUNDATION, LUCILLE FOUNDATION, THE CHIMO TRUST CIO.
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 |
|---|---|---|
| CRH CHARITABLE TRUST | 2 | £55k |
| THE OAKDALE TRUST | 2 | £12k |
| BOLTON COMMUNITY AND VOLUNTARY SERVICES | 1 | £134k |
| THE AIM FOUNDATION | 1 | £65k |
| BAKER FAMILY CHARITABLE TRUST | 1 | £25k |
| THE NORTON ROSE FULBRIGHT CHARITABLE FOUNDATION | 1 | £21k |
| NORTH WEST YOUNG PEOPLES DEVELOPMENT TRUST | 1 | £20k |
| THE EDWARD GOSTLING FOUNDATION | 1 | £20k |
Charities like this
- WAVE FORWARD
- WAVE TRUST
- WAVE ADVENTURE
- THE BRAINWAVE CENTRE LIMITED
- WAVES ADDITIONAL NEEDS SUPPORT GROUP
- WAVE FOR CHANGE
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 |
| WAVE FORWARD | £45k | — | — | below | — | no doubt |
| WAVE TRUST | £640k | — | — | above | — | no doubt |
| WAVE ADVENTURE | £129k | — | 0 | unclear | — | no doubt |
| THE BRAINWAVE CENTRE LIMITED | £2.2m | — | — | unclear | — | no doubt |
| WAVES ADDITIONAL NEEDS SUPPORT GROUP | £79k | — | 0 | unclear | — | no doubt |