Finance Score: 4

Governance Score: 3

Support Score: 1

Liabilities <10%: +3
Multiple Deficits: -2
Fundraising costs low: +3

Dynamic board: +3

Overall weighted support: +1

Overall GiG Score: 8

THE WOKINGHAM AND DISTRICT ASSOCIATION FOR THE ELDERLY (WADE)

Day Centre for the elderly residents of the Wokingham Borough over 60 years of age.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
Fundraising costs are unusually low relative to funds raised
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be dynamic in terms of composition

Financial issues to consider:

On several occasions in recent years income has been less than spending

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
30/06/23		£542	£507	£34	£15	£413	£413	9.8	12	20
30/06/22		£432	£445	£-13	n/a	n/a	n/a	n/a	n/a	n/a
30/06/21		£262	£331	£-69	n/a	n/a	n/a	n/a	n/a	n/a
30/06/20		£450	£463	£-13	n/a	n/a	n/a	n/a	n/a	n/a
30/06/19	*	£440	£499	£-59	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 2.7%
Fundraising Costs/Total Spending: 2.9%
Highest pay band: Less than £60,000
Liabilities/Assets: 5%
Liabilities/Income: 4%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 9.8 months
Net Current Assets/Spending: 10 months
Quick Ratio: 17

Asset Split ?

Balance Sheet History

Established: 6 years

www.wadecentre.org.uk

secretary@wadecentre.org.uk

01189787025

Charity Commission for England and Wales

Tweets

Listed activities

Disability

GiG Classification

Practical support, advice & companionship

How it operates

Provides services

Where it operates

Wokingham,

Who it helps

Elderly/Old People

Who supports them? ?

Donations from Grant Makers ?

We have details on the following donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
McCarthy Stone Foundation - 2022 Small Grants
£500	16/05/2022	Grants up to £1,000 for small groups providing activities for older people
National Lottery Community Fund - Wade Leaking Roof Project
£8,200	20/11/2020 6	The funding will be used to repair the leaking roof at the day centre for older people. The project aims to continue providing respite care and supporting the needs of older people in a safe ....more The funding will be used to repair the leaking roof at the day centre for older people. The project aims to continue providing respite care and supporting the needs of older people in a safe environment during Covid-19.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (9)

Current Trustees appointed

CAROLE BARNES Appointed: 2021

CHRISTOPHER BARNES Appointed: 2021

DAVID LEE Appointed: 2021

JOHN PHILIP MIRFIN (Chair) Appointed: 2021

KAREN MAHONY Appointed: 2023

LOUISE WINGFIELD Appointed: 2021

MARGARET CAMPBELL-WHITE Appointed: 2021

SALLYANNE STEATHAM Appointed: 2023

SANDY SWEET Appointed: 2022

Legal constitution

Charity registered in England & Wales on 26/06/2018, number: 1178937

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Volunteer management

Filing Record

5 returns made; AR19: 68 days late,

Main office

WADE DAY CENTRE
40 READING ROAD
WOKINGHAM
WADE DAY CENTRE
40 READING ROAD
RG41 1EH

Objectives

TO PROMOTE THE WELFARE OF THE ELDERLY IN ANY MANNER WHICH BY LAW IS DEEMED TO BE CHARITABLE AND WITHIN THE WOKINGHAM BOROUGH COUNCIL AREA.