Finance Score: 4

Governance Score: 3

Support Score: 1

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

Dynamic board: +3

Grant maker 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	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	14
30/06/21		£262	£331	£-69	n/a	n/a	n/a	n/a	n/a	0
30/06/20		£450	£463	£-13	n/a	n/a	n/a	n/a	n/a	30
30/06/19	*	£440	£499	£-59	n/a	n/a	n/a	n/a	n/a	10

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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 ?

Established: 6 years

www.wadecentre.org.uk

secretary@wadecentre.org.uk

01189787025

Charity Commission for England and Wales

Tweets

Listed activities

Disability

GiG Classification

Services for the elderly

How it operates

Provides services

Where it operates

Wokingham,

Who it helps

Elderly/Old People

Who works here?

12 employees
20 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

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

Specific Donations

Amount	When Months	To be used for
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

LOUSIE WINGFIELD Appointed: 2021

SANDY SWEET Appointed: 2022

CAROLE BARNES Appointed: 2021

CHRISTOPHER BARNES Appointed: 2021

JOHN PHILIP MIRFIN (Chair) Appointed: 2021

KAREN MAHONY Appointed: 2023

MARGARET CAMPBELL-WHITE Appointed: 2021

SALLYANNE STEATHAM Appointed: 2023

DAVID LEE Appointed: 2021, Other trusteeship: WOKINGHAM IN NEED,

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,

Recent reorganisation events:

Asset transfer in from THE WOKINGHAM AND DISTRICT ASSOCIATION FOR THE ELDERLY on 03/06/2019

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.

Data Sources