Speed Works

Analysis

Speed Works is a registered charity in England and Wales, based in Loughborough. It was registered in April 2016, 10 years ago. Its declared purposes cover other charitable purposes, which this site groups under children and youth development. Legally it is a charitable incorporated organisation (CIO). It says it provides services and provides advocacy/advice/information.

In the financial year ending March 2025, Speed Works reported income of £13k and spending of £15k, spending 114% of what it took in. Across the 5 years on record, from March 2021 to March 2025, income fell from £44k to £13k (-71%), an average of -26% a year. The sharpest change came in the year to March 2024, when income rose by 374%. Over the whole period it spent 116% of the income it received.

Among 5,641 England and Wales charities whose main cause is children and youth development and that reported income, Speed Works sits at the 49th percentile: it is larger than about 49% of them. Against every charity in England and Wales with reported income it ranks in the 36th percentile. Charities of a similar size with the same main cause include Brenchley and Matfield Scout Group (£13k), The Ritchie Charity Trust (£13k) and Maker with Rame Community Bus Service (£13k).

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.