## **Trustees’ annual report for the period**
|**Period start date**|**Period end date**|
|---|---|
|From 01 January2025|To 31 December 2025|
## **Reference and administration details**
|**Charity name**|WAVE Adventure|
|---|---|
|**Registered charity number**|
1208050|
|||
|**Charity’s principal address**|The Bunker|
||Off Holt Mill Road|
||Rossendale|
||BB4 7JG|
|||
|**Email/ website**|waveadventure@outlook.com|
||http://www.waveadventure.co.uk|
## **Names of trustees who manage the charity**
|Trustee Name|Office(if any)|
|---|---|
|Tom Miller|Chair/Safeguarding|
|James Kirk|Treasurer|
|Makenzie Hey|Secretary|
|Jessica Calvert||
|Joyce Hanna||
|FayWiblin|Press/media lead|
|Rebecca Jefferson||
## **Names and addresses of advisors**
Type of advisor Name Address
|Type of advisor|Name|Address|
|---|---|---|
|Bank|Lloyds|Hotel St,Bolton|
|Accountant|LAS|New Hall Hey Business Centre
Rawtenstall|
## **Name of senior staff members**
|**Name of senior staff members**|**Name of senior staff members**|
|---|---|
|Name Position||
|Graham Wood|Founder|
|GinnyAllende|Diversity& Inclusion Lead|
|Lee Armsden|Administrator|
## **Structure, governance & management**
**Description of the charity’s trusts**
|**Type of governing document**||Constitution adopted April 2024|
|---|---|---|
|**How the charity is constituted**||WAVE is a charitable association and changed status|
|||from a registered charity to a CIO in May 2024|
||||
|**Trustee selection methods**||Trustees are appointed or reappointed annually at|
|||the AGM|
## **Additional governance issues**
There is a child protection/ vulnerable adult policy in place Risk Assessment forms are in place for all hazardous activities DBS checks are held for trustees and regular volunteers/ sessional staff WAVE is affiliated to the following NGB’s and statutory bodies: British Cycling, Paddle UK, MIAS, Mountain Leader Training Board.
WAVE is also partnered with Rossendale Borough Council, Adullam Homes, Bolton Council, Bolton CVS, Burnley Pendle & Rossendale CVS, Forever Manchester. WAVE has received recent funding from Sport England, Bolton CVS, Burnley Pendle & Rossendale CVS, Forever Manchester, Garfield Weston Foundation and The National Lottery.
WAVE is indebted to its volunteers who offer, free of charge their time and expertise to enable the organisation to continue and develop.
## **Summary of the objects of the charity set out in its governing document**
## The charity’s objects (‘the objects’:
To provide or assist in the provision of facilities for canoeing, rock climbing, mountain biking, and other outdoor sports and recreation or leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving their conditions of life, including the provision of support and training to overcome barriers to participation and which builds their capacities and skills.
## **Summary of the main activities undertaken for the public benefit in relation to these objects:**
Established in 1999, our outdoor activity–based charity exists to widen access to the outdoors for people from underserved and underrepresented communities. Its purpose is to remove social, financial, and cultural barriers that prevent individuals from benefiting from outdoor learning and adventure, and to use these experiences as a pathway to personal growth, confidence, and leadership.
WAVE delivers inclusive, individualised and developmental programmes that support participants from novice to leadership and instructor pathways. Activities typically include rock climbing, hill walking, paddle sports, mountain biking and environmental education delivered in safe, supportive settings. Alongside technical skills, activities focus on building resilience, teamwork, wellbeing, and a sense of belonging. Participants are encouraged to progress at their own pace, with tailored mentoring, accredited qualifications, and volunteering opportunities. By developing skills, aspirations, and community connections, WAVE enables people not only to thrive outdoors, but to transfer these strengths into education, employment, and leadership within their own communities.
## **Additional details of objectives and activities:**
## WAVE's main objectives are:
- To offer the most under represented and inactive in our local communities opportunities to take part in outdoor activities which will improve physical health.
- To improve the well being, mental health and prospects of our beneficiaries through enabling them to take on leadership roles and to make positive contributions to their community.
- To increase representation for those from under-served communities, both as participants and leaders in the activities we specialise in.
- To foster an increased awareness of environmental issues amongst our beneficaries, supporting all to enjoy and care for local green spaces responsibly.
## **Review of activities and achievements**
WAVE has continued to experience a huge demand for its range of programmes now running around 10+ sessions per week plus targeted sessions & events. Our organisations continues to target provision for those experiencing most isolation and disadvantage ages 3-80+ typically working with 1500+ each year.
Our environmental sustainability has, again increased significantly and we have led on campaigns such as #onelesscar and rewilding projects in Derbyshire and Rossendale.
WAVE recognises the significant partnership with Adullam Homes, greatly strengthened by a number of grants, enabling us to work closely and developmentally with homeless adults facing multiple issues/ barriers to participation.
WAVE developed a public mountain bike skills area and pump track in Crawshawbooth, named Zona Moller, designed and built with over 70 members of the community, including young people and women, to ensure it is accessible and suitable for users from all backgrounds. It has been recognised by the community and local public figures as an exciting new provision which benefits residents of Rossendale and those visiting The Valley from further afield.
Our organisation’s contribution to local communities was recognised through winning the Pride of Rossendale Award for The Community Group of the Year; regionally through The Forever Manchester Forever Futures Award and nationally through the King’s Award for Voluntary Services.
Beneficiaries this year have included:
- Those in recovery from substance misuse.
- Global majorities, including Ukrainian families and Muslim girls and women.
- Older people living with medical conditions such as Parkinson’s
- Homeless young people and adults.
- Those with a physical disability
- Those with lived experience of mental illness
- Those with a learning disability
- Individuals from our projects have moved on to volunteer within their communities.
- Others have gone on to enrol on College and University courses.
- Our organisation continues to be led and informed by those with lived experience.
## **Our aims for 2026**
WAVE will continue to develop its provision and increase regular opportunities to participate in its projects. It will continue to be responsive to the needs of its members/ beneficiaries. Plans include:
- Increase participation in activities/ volunteering opportunities for those experiencing the most inactivity and under representation.
- Develop leased/ owned land to create more participation/ volunteering opportunities for those from under represented communities.
- Maintain numbers of participants to around 1500+
- Increase income generated through a range of activities including contracts, residentials and delivery of nationally recognised qualifications.
- Secure a permanent base for storage & delivery of programme and explore the possibility of acquiring a suitable building to develop a climbing centre and an outdoor activity centre.
## **Finances**
WAVE 2025 accounts are available on request and have been submitted to the Charity Commission (Independently prepared/ assessed by Martin Urquhart (LAS).
Charity number: 1208050
**WAVE ADVENTURE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025**
Lumb Accountancy Services Limited Chartered Certified Accountants New Hall Hey Business Centre New Hall Hey Road Rawtenstall Lancashire BB4 6HL
**Independent examiner’s report to the trustees of Wave Adventure For The Year Ended 31 December 2025 Charity No. 1164935**
I report to the trustees on my examination of the accounts of Wave Adventure (the Trust) for the year ended 31 December 2025.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
23 March 2026
Lumb Accountancy Services Limited Chartered Certified Accountants New Hall Hey Business Centre New Hall Hey Road Rawtenstall Lancashire BB4 6HL
## **Wave Adventure Statement of financial activities For The Year Ended 31 December 2025**
|**Notes**
**Income**
Fees
Grants
**3**
Sale of assets
**Total Income**
**Expenditure**
Charitable activities
**4**
**Total Expenditure**
**Net Surplus/(Deficit)**
Transfers between funds
Transfer to revaluation reserve
**Net movement on funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**
**2025**
**2024**
**£**
**£**
**£**
**£**
**£**
17,425
-
-
**17,425**
**26,849**
20,995
83,871
-
**104,866**
**92,580**
7,068
-
-
**7,068**
**1,111**|
|---|---|
||**45,488**
**83,871**
**-**
**129,359**
**120,540**
34,630
83,923
-
**118,553**
**82,567**|
||**34,630**
**83,923**
**-**
**118,553**
**82,567**
|
||**10,858**
**(52)**
**-**
**10,806**
**37,973**
-
-
**-**
-
-
5,740
(5,740)
**-**
-
-
|
||**16,598**
**(5,792)**
**-**
**10,806**
**37,973**
146,987
35,266
**-**
182,253
144,280|
||**163,585**
**29,474**
**-**
**193,059**
**182,253**|
**Wave Adventure Balance Sheet As At 31 December 2025**
|**Notes**
**FIXED ASSETS**
Tangible Assets
**5**
**CURRENT ASSETS**
Debtors
**6**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**7**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**Creditors: Amounts Falling Due After More Than**
**One Year**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Revaluation reserve
Restricted Funds
Unrestricted Funds
**TOTAL FUNDS**|**2025**
**£**
**£**
105,374
**105,374**
2,018
89,787
**91,805**
**(4,120)**
**87,685**
**193,059**
**-**
**193,059**
-
29,474
163,585
**193,059**|**2025**
**£**
**£**
105,374
**105,374**
2,018
89,787
**91,805**
**(4,120)**
**87,685**
**193,059**
**-**
**193,059**
-
29,474
163,585
**193,059**|**2024**
**£**
**£**
101,372
**101,372**
4,404
81,605
**86,009**
**(5,128)**
**80,881**
**182,253**
**-**
**182,253**
-
35,266
146,987
**182,253**|**2024**
**£**
**£**
101,372
**101,372**
4,404
81,605
**86,009**
**(5,128)**
**80,881**
**182,253**
**-**
**182,253**
-
35,266
146,987
**182,253**|
|---|---|---|---|---|
|||**105,374**
**87,685**||**101,372**
**80,881**|
||**91,805**
**(4,120)**||**86,009**
**(5,128)**||
||||
||
|||**193,059**||**182,253**|
|||**-**||**-**|
|||**193,059**||**182,253**|
|||-
29,474
163,585||-
35,266
146,987|
|||**193,059**||**182,253**|
Approved on behalf of the trustees by:
Tom Miller (Mar 23, 2026 18:00:02 GMT)
Mr T. Miller Trustee 23 March 2026
**Wave Adventure Notes to the Financial Statements For The Year Ended 31 December 2025**
## **1. Accounting Policies**
## **1.1. Basis of Preparation of Financial Statements**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance
- with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102);
- and with the Charities Act 2011.
## **1.2. Income**
## **Recognition of income**
Income is recognised when the charity becomes entitled to the resources; it is probable that the charity will receive the resources; and the monetary value can be measured with sufficient reliability.
## **Grants and donations**
Income from grants is recognised when the charity has entitlement to the funds, conditions have been met, is probable to be received and can be measured reliably.
## **1.3. Government Grant**
The charity has received government grants in the reporting period.
## **1.4. Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
## **1.5. Tangible Fixed Assets and Depreciation**
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Land None Plant and equipment 15% reducing balance Fixtures and fittings 15% reducing balance Office equipment 15% reducing balance
## **2. Average Number of Employees**
Average number of employees, including directors, during the year was as follows: 2 (2024: 2)
**Wave Adventure Notes to the Financial Statements (continued) For The Year Ended 31 December 2025**
## **3. Analysis of receipts of general grants provided by government/other charities**
|**Government Grants**
Rossendale Borough Council
Lancashire County Council
TFGM
Department of Education
**Total government grants**
**Other Grants**
National Lottery Grant
Garfield Weston
CVS
Forever Manchester
Sports England
Social Investment Business
Gosling Foundation
Other
**Total other grants**
**Total grant income**|**Unrestricted**
**funds**
**Restricted**
**funds**
**This year**
**Last year**
**£**
**£**
**£**
**£**
-
5,000
5,000
5,400
-
11,971
11,971
-
-
-
-
2,500
-
-
-
9,578|
|---|---|
||**-**
**16,971**
**16,971**
**17,478**|
||**Unrestricted**
**funds**
**Restricted**
**funds**
**This year**
**Last year**
**£**
**£**
**£**
**£**
-
-
-
39,000
-
15,000
15,000
-
16,500
5,400
21,900
18,907
-
5,000
5,000
-
-
11,200
11,200
-
-
19,600
19,600
-
-
-
-
15,000
4,495
10,700
15,195
2,195|
||**20,995**
**66,900**
**87,895**
**75,102**|
|||
||**20,995**
**83,871**
**104,866**
**92,580**|
## **4. Analysis of expenditure**
|**`**
**Expenditure on charitable activities:**
Activity expenses
Employee expenses
Premises Expenses
Administration & office costs
Insurance
Legal and Accountancy fees
Depreciation
**Total expenditure on charitable**
**activities**|**This year**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total**
**funds**
**Last Year**
£
£
£
£
£
13,098
11,832
-
24,930
21,428
-
33,642
-
33,642
23,897
3,036
23,802
-
26,838
10,105
5,016
10,529
-
15,545
11,504
-
2,508
-
2,508
2,239
(1,156)
1,610
-
454
5,176
14,636
-
-
14,636
8,218|
|---|---|
||**34,630**
**83,923**
**-**
**118,553**
**82,567**|
**Wave Adventure Notes to the Financial Statements (continued) For The Year Ended 31 December 2025**
## **5. Tangible Assets**
|**Cost**
As at 1 January 2025
Additions
Additions
As at 31 December 2025
**Depreciation**
As at 1 January 2025
Provided during the period
Provided during the period
As at 31 December 2025
**Net Book Value**
As at 31 December 2025
As at January 2025
**6.** **Debtors**
**Due within one year**
Other debtors
**7.** **Creditors: Amounts Falling Due Within One Year**
Other creditors
Taxation and social security
Loan|**Land**
**Plant &**
**Machinery**
**Motor**
**Vehicles**
**Computer**
**Equipment**
**Total**
**£**
**£**
**£**
**£**
**£**
22,432
73,011
13,258
889
109,590
-
-
38,270
-
38,270
-
(8,470)
(13,258)
-
(21,728)|**Land**
**Plant &**
**Machinery**
**Motor**
**Vehicles**
**Computer**
**Equipment**
**Total**
**£**
**£**
**£**
**£**
**£**
22,432
73,011
13,258
889
109,590
-
-
38,270
-
38,270
-
(8,470)
(13,258)
-
(21,728)|**Land**
**Plant &**
**Machinery**
**Motor**
**Vehicles**
**Computer**
**Equipment**
**Total**
**£**
**£**
**£**
**£**
**£**
22,432
73,011
13,258
889
109,590
-
-
38,270
-
38,270
-
(8,470)
(13,258)
-
(21,728)|
|---|---|---|---|
||
22,432
64,541
38,270||889
126,132|
||
-
6,803
1,326
-
8,776
5,740
-
(770)
(1,326)
||89
8,218
120
14,636
-
(2,096)|
||-
14,809
5,740||209
20,758|
||
22,432
49,732
32,530||680
105,374|
||
22,432
66,208
11,932||800
101,372|
|||
**2025**
**£**
2,018
2,018
**2025**
**£**
720
-
3,400
4,120|**2024**
**£**
4,404
4,404
**2024**
**£**
5,050
78
-
5,128|
## **8. General Information**
Wave Adventure is a charitable incorporated organisation incorporated in England & Wales, charity number 1164935. The registered office is 18-20 Market Street, Bacup, Lancashire, OL13 8EZ.
**The following pages do not form part of the statutory accounts:**
## **MANAGEMENT INFORMATION**
## **FOR THE PERIOD ENDED 31 DECEMBER 2025**
**Wave Adventure Detailed Income and Expenditure Account For The Year Ended 31 December 2025**
|**TURNOVER**
Fees
Grants and subsidies received
**COST OF SALES**
Venue Hire
Bike repairs & servicing
Residential
Events
Small Equipment
Large Equipment
Subcontractor costs
Volunteer Expenses & Transport
GROSS SURPLUS
**Administrative Expenses**
Wages and salaries
Rent
Storage
Light and heat
Vehicle running costs
Travel and subsistence
Computer software, consumables and maintenance
Repairs, renewals and maintenance
Insurance
Advertising and marketing costs
Training seminars and workshops
Accountancy fees
Legal fees
Subscriptions
Bank charges
Depreciation of plant and machinery
Depreciation of motor vehicles
Depreciation of computer equipment
Sundry expenses
Refreshments
**OPERATING SURPLUS**
Surplus on disposal of tangible fixed assets
SURPLUS FOR THE FINANCIAL YEAR|**31 December 2025**
**£**
**£**
17,425
104,866
122,291
932
-
775
60
7,091
3,506
11,633
933
(24,930)
97,361
33,642
1,650
44
8,332
8,131
3,186
365
16,812
2,508
114
1,666
1,610
(1,156)
1,510
-
8,776
5,740
120
97
476
(93,623)
**3,738**
7,068
7,068
10,806|**31 December 2025**
**£**
**£**
17,425
104,866
122,291
932
-
775
60
7,091
3,506
11,633
933
(24,930)
97,361
33,642
1,650
44
8,332
8,131
3,186
365
16,812
2,508
114
1,666
1,610
(1,156)
1,510
-
8,776
5,740
120
97
476
(93,623)
**3,738**
7,068
7,068
10,806|**31 December 2024**
**as restated**
**£**
**£**
26,849
92,580
119,429
676
100
-
-
1,393
-
18,492
767
(21,428)
98,001
23,897
4,400
526
1,314
2,307
5,168
435
3,865
2,239
-
1,308
3,630
1,546
1,958
78
6,803
1,326
89
-
250
(61,139)
**36,862**
1,110
1,110
37,972|**31 December 2024**
**as restated**
**£**
**£**
26,849
92,580
119,429
676
100
-
-
1,393
-
18,492
767
(21,428)
98,001
23,897
4,400
526
1,314
2,307
5,168
435
3,865
2,239
-
1,308
3,630
1,546
1,958
78
6,803
1,326
89
-
250
(61,139)
**36,862**
1,110
1,110
37,972|
|---|---|---|---|---|
|||122,291
(24,930)||119,429
(21,428)|
||33,642
1,650
44
8,332
8,131
3,186
365
16,812
2,508
114
1,666
1,610
(1,156)
1,510
-
8,776
5,740
120
97
476||
23,897
4,400
526
1,314
2,307
5,168
435
3,865
2,239
-
1,308
3,630
1,546
1,958
78
6,803
1,326
89
-
250||
|||97,361
(93,623)||98,001
(61,139)|
||7,068||
1,110||
|||**3,738**
7,068||**36,862**
1,110|
||||
||
|||10,806||37,972|
Charity number: 1208050
**WAVE ADVENTURE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025**
Lumb Accountancy Services Limited Chartered Certified Accountants New Hall Hey Business Centre New Hall Hey Road Rawtenstall Lancashire BB4 6HL
**Independent examiner’s report to the trustees of Wave Adventure For The Year Ended 31 December 2025 Charity No. 1164935**
I report to the trustees on my examination of the accounts of Wave Adventure (the Trust) for the year ended 31 December 2025.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
23 March 2026
Lumb Accountancy Services Limited Chartered Certified Accountants New Hall Hey Business Centre New Hall Hey Road Rawtenstall Lancashire BB4 6HL
## **Wave Adventure Statement of financial activities For The Year Ended 31 December 2025**
|**Notes**
**Income**
Fees
Grants
**3**
Sale of assets
**Total Income**
**Expenditure**
Charitable activities
**4**
**Total Expenditure**
**Net Surplus/(Deficit)**
Transfers between funds
Transfer to revaluation reserve
**Net movement on funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**
**2025**
**2024**
**£**
**£**
**£**
**£**
**£**
17,425
-
-
**17,425**
**26,849**
20,995
83,871
-
**104,866**
**92,580**
7,068
-
-
**7,068**
**1,111**|
|---|---|
||**45,488**
**83,871**
**-**
**129,359**
**120,540**
34,630
83,923
-
**118,553**
**82,567**|
||**34,630**
**83,923**
**-**
**118,553**
**82,567**
|
||**10,858**
**(52)**
**-**
**10,806**
**37,973**
-
-
**-**
-
-
5,740
(5,740)
**-**
-
-
|
||**16,598**
**(5,792)**
**-**
**10,806**
**37,973**
146,987
35,266
**-**
182,253
144,280|
||**163,585**
**29,474**
**-**
**193,059**
**182,253**|
**Wave Adventure Balance Sheet As At 31 December 2025**
|**Notes**
**FIXED ASSETS**
Tangible Assets
**5**
**CURRENT ASSETS**
Debtors
**6**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**7**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**Creditors: Amounts Falling Due After More Than**
**One Year**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Revaluation reserve
Restricted Funds
Unrestricted Funds
**TOTAL FUNDS**|**2025**
**£**
**£**
105,374
**105,374**
2,018
89,787
**91,805**
**(4,120)**
**87,685**
**193,059**
**-**
**193,059**
-
29,474
163,585
**193,059**|**2025**
**£**
**£**
105,374
**105,374**
2,018
89,787
**91,805**
**(4,120)**
**87,685**
**193,059**
**-**
**193,059**
-
29,474
163,585
**193,059**|**2024**
**£**
**£**
101,372
**101,372**
4,404
81,605
**86,009**
**(5,128)**
**80,881**
**182,253**
**-**
**182,253**
-
35,266
146,987
**182,253**|**2024**
**£**
**£**
101,372
**101,372**
4,404
81,605
**86,009**
**(5,128)**
**80,881**
**182,253**
**-**
**182,253**
-
35,266
146,987
**182,253**|
|---|---|---|---|---|
|||**105,374**
**87,685**||**101,372**
**80,881**|
||**91,805**
**(4,120)**||**86,009**
**(5,128)**||
||||
||
|||**193,059**||**182,253**|
|||**-**||**-**|
|||**193,059**||**182,253**|
|||-
29,474
163,585||-
35,266
146,987|
|||**193,059**||**182,253**|
Approved on behalf of the trustees by:
Tom Miller (Mar 23, 2026 18:00:02 GMT)
Mr T. Miller Trustee 23 March 2026
**Wave Adventure Notes to the Financial Statements For The Year Ended 31 December 2025**
## **1. Accounting Policies**
## **1.1. Basis of Preparation of Financial Statements**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance
- with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102);
- and with the Charities Act 2011.
## **1.2. Income**
## **Recognition of income**
Income is recognised when the charity becomes entitled to the resources; it is probable that the charity will receive the resources; and the monetary value can be measured with sufficient reliability.
## **Grants and donations**
Income from grants is recognised when the charity has entitlement to the funds, conditions have been met, is probable to be received and can be measured reliably.
## **1.3. Government Grant**
The charity has received government grants in the reporting period.
## **1.4. Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
## **1.5. Tangible Fixed Assets and Depreciation**
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Land None Plant and equipment 15% reducing balance Fixtures and fittings 15% reducing balance Office equipment 15% reducing balance
## **2. Average Number of Employees**
Average number of employees, including directors, during the year was as follows: 2 (2024: 2)
**Wave Adventure Notes to the Financial Statements (continued) For The Year Ended 31 December 2025**
## **3. Analysis of receipts of general grants provided by government/other charities**
|**Government Grants**
Rossendale Borough Council
Lancashire County Council
TFGM
Department of Education
**Total government grants**
**Other Grants**
National Lottery Grant
Garfield Weston
CVS
Forever Manchester
Sports England
Social Investment Business
Gosling Foundation
Other
**Total other grants**
**Total grant income**|**Unrestricted**
**funds**
**Restricted**
**funds**
**This year**
**Last year**
**£**
**£**
**£**
**£**
-
5,000
5,000
5,400
-
11,971
11,971
-
-
-
-
2,500
-
-
-
9,578|
|---|---|
||**-**
**16,971**
**16,971**
**17,478**|
||**Unrestricted**
**funds**
**Restricted**
**funds**
**This year**
**Last year**
**£**
**£**
**£**
**£**
-
-
-
39,000
-
15,000
15,000
-
16,500
5,400
21,900
18,907
-
5,000
5,000
-
-
11,200
11,200
-
-
19,600
19,600
-
-
-
-
15,000
4,495
10,700
15,195
2,195|
||**20,995**
**66,900**
**87,895**
**75,102**|
|||
||**20,995**
**83,871**
**104,866**
**92,580**|
## **4. Analysis of expenditure**
|**`**
**Expenditure on charitable activities:**
Activity expenses
Employee expenses
Premises Expenses
Administration & office costs
Insurance
Legal and Accountancy fees
Depreciation
**Total expenditure on charitable**
**activities**|**This year**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total**
**funds**
**Last Year**
£
£
£
£
£
13,098
11,832
-
24,930
21,428
-
33,642
-
33,642
23,897
3,036
23,802
-
26,838
10,105
5,016
10,529
-
15,545
11,504
-
2,508
-
2,508
2,239
(1,156)
1,610
-
454
5,176
14,636
-
-
14,636
8,218|
|---|---|
||**34,630**
**83,923**
**-**
**118,553**
**82,567**|
**Wave Adventure Notes to the Financial Statements (continued) For The Year Ended 31 December 2025**
## **5. Tangible Assets**
|**Cost**
As at 1 January 2025
Additions
Additions
As at 31 December 2025
**Depreciation**
As at 1 January 2025
Provided during the period
Provided during the period
As at 31 December 2025
**Net Book Value**
As at 31 December 2025
As at January 2025
**6.** **Debtors**
**Due within one year**
Other debtors
**7.** **Creditors: Amounts Falling Due Within One Year**
Other creditors
Taxation and social security
Loan|**Land**
**Plant &**
**Machinery**
**Motor**
**Vehicles**
**Computer**
**Equipment**
**Total**
**£**
**£**
**£**
**£**
**£**
22,432
73,011
13,258
889
109,590
-
-
38,270
-
38,270
-
(8,470)
(13,258)
-
(21,728)|**Land**
**Plant &**
**Machinery**
**Motor**
**Vehicles**
**Computer**
**Equipment**
**Total**
**£**
**£**
**£**
**£**
**£**
22,432
73,011
13,258
889
109,590
-
-
38,270
-
38,270
-
(8,470)
(13,258)
-
(21,728)|**Land**
**Plant &**
**Machinery**
**Motor**
**Vehicles**
**Computer**
**Equipment**
**Total**
**£**
**£**
**£**
**£**
**£**
22,432
73,011
13,258
889
109,590
-
-
38,270
-
38,270
-
(8,470)
(13,258)
-
(21,728)|
|---|---|---|---|
||
22,432
64,541
38,270||889
126,132|
||
-
6,803
1,326
-
8,776
5,740
-
(770)
(1,326)
||89
8,218
120
14,636
-
(2,096)|
||-
14,809
5,740||209
20,758|
||
22,432
49,732
32,530||680
105,374|
||
22,432
66,208
11,932||800
101,372|
|||
**2025**
**£**
2,018
2,018
**2025**
**£**
720
-
3,400
4,120|**2024**
**£**
4,404
4,404
**2024**
**£**
5,050
78
-
5,128|
## **8. General Information**
Wave Adventure is a charitable incorporated organisation incorporated in England & Wales, charity number 1164935. The registered office is 18-20 Market Street, Bacup, Lancashire, OL13 8EZ.
**The following pages do not form part of the statutory accounts:**
## **MANAGEMENT INFORMATION**
## **FOR THE PERIOD ENDED 31 DECEMBER 2025**
**Wave Adventure Detailed Income and Expenditure Account For The Year Ended 31 December 2025**
|**TURNOVER**
Fees
Grants and subsidies received
**COST OF SALES**
Venue Hire
Bike repairs & servicing
Residential
Events
Small Equipment
Large Equipment
Subcontractor costs
Volunteer Expenses & Transport
GROSS SURPLUS
**Administrative Expenses**
Wages and salaries
Rent
Storage
Light and heat
Vehicle running costs
Travel and subsistence
Computer software, consumables and maintenance
Repairs, renewals and maintenance
Insurance
Advertising and marketing costs
Training seminars and workshops
Accountancy fees
Legal fees
Subscriptions
Bank charges
Depreciation of plant and machinery
Depreciation of motor vehicles
Depreciation of computer equipment
Sundry expenses
Refreshments
**OPERATING SURPLUS**
Surplus on disposal of tangible fixed assets
SURPLUS FOR THE FINANCIAL YEAR|**31 December 2025**
**£**
**£**
17,425
104,866
122,291
932
-
775
60
7,091
3,506
11,633
933
(24,930)
97,361
33,642
1,650
44
8,332
8,131
3,186
365
16,812
2,508
114
1,666
1,610
(1,156)
1,510
-
8,776
5,740
120
97
476
(93,623)
**3,738**
7,068
7,068
10,806|**31 December 2025**
**£**
**£**
17,425
104,866
122,291
932
-
775
60
7,091
3,506
11,633
933
(24,930)
97,361
33,642
1,650
44
8,332
8,131
3,186
365
16,812
2,508
114
1,666
1,610
(1,156)
1,510
-
8,776
5,740
120
97
476
(93,623)
**3,738**
7,068
7,068
10,806|**31 December 2024**
**as restated**
**£**
**£**
26,849
92,580
119,429
676
100
-
-
1,393
-
18,492
767
(21,428)
98,001
23,897
4,400
526
1,314
2,307
5,168
435
3,865
2,239
-
1,308
3,630
1,546
1,958
78
6,803
1,326
89
-
250
(61,139)
**36,862**
1,110
1,110
37,972|**31 December 2024**
**as restated**
**£**
**£**
26,849
92,580
119,429
676
100
-
-
1,393
-
18,492
767
(21,428)
98,001
23,897
4,400
526
1,314
2,307
5,168
435
3,865
2,239
-
1,308
3,630
1,546
1,958
78
6,803
1,326
89
-
250
(61,139)
**36,862**
1,110
1,110
37,972|
|---|---|---|---|---|
|||122,291
(24,930)||119,429
(21,428)|
||33,642
1,650
44
8,332
8,131
3,186
365
16,812
2,508
114
1,666
1,610
(1,156)
1,510
-
8,776
5,740
120
97
476||
23,897
4,400
526
1,314
2,307
5,168
435
3,865
2,239
-
1,308
3,630
1,546
1,958
78
6,803
1,326
89
-
250||
|||97,361
(93,623)||98,001
(61,139)|
||7,068||
1,110||
|||**3,738**
7,068||**36,862**
1,110|
||||
||
|||10,806||37,972|