The Nucleo Project

Analysis

The Nucleo Project is a registered charity in England and Wales, based in London. It was registered in September 2016, 10 years ago. Its declared purposes cover recreation, which this site groups under amateur sport and recreation. Legally it is a charitable incorporated organisation (CIO). It says it provides services.

In the financial year ending August 2025, The Nucleo Project reported income of £831k and spending of £546k, leaving 34% of income unspent that year. Across the 5 years on record, from August 2021 to August 2025, income grew from £482k to £831k (+73%), an average of +15% a year. The sharpest change came in the year to August 2023, when income rose by 44%. Over the whole period it spent 89% of the income it received.

Among 12,174 England and Wales charities whose main cause is amateur sport and recreation and that reported income, The Nucleo Project sits at the 98th percentile: it is larger than about 98% of them. Against every charity in England and Wales with reported income it ranks in the 93rd percentile. Charities of a similar size with the same main cause include Bath Cricket Club (£825k), North Wales Rivers Trust Ltd (£836k) and The Ulysses Trust (£824k).

In its latest detailed accounts, income came from donations and legacies 100%. Gifts in wills alone brought in £47k. Charitable activities took 83% of spending and raising funds 16%. Reserves of £418k would cover about 9 months of spending at that rate. It employed 8 people.