Rackets Cubed

Analysis

Rackets Cubed is a registered charity in England and Wales, based in London. It was registered in December 2016, 10 years ago. Its declared purposes cover education/training, amateur sport and other charitable purposes, which this site groups under amateur sport and recreation. Legally it is a charitable incorporated organisation (CIO). It says it provides services, provides advocacy/advice/information and sponsors or undertakes research.

In the financial year ending March 2025, Rackets Cubed reported income of £620k and spending of £529k, spending 85% of its income. Across the 5 years on record, from March 2021 to March 2025, income grew from £208k to £620k (+199%), an average of +31% a year. The sharpest change came in the year to March 2023, when income rose by 46%. Over the whole period it spent 94% of the income it received.

Among 12,174 England and Wales charities whose main cause is amateur sport and recreation and that reported income, Rackets Cubed sits at the 97th percentile: it is larger than about 97% of them. Against every charity in England and Wales with reported income it ranks in the 91st percentile. Charities of a similar size with the same main cause include Backworth Miners Welfare (£619k), St Neots Aquatic and Leisure CIO (£622k) and Barrie Wells Trust (£617k).

In its latest detailed accounts, income came from donations and legacies 72% and charitable activities 28%. Charitable activities took 94% of spending and raising funds 5.6%. Reserves of £233k would cover about 5 months of spending at that rate. It employed 8 people.