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2022-05-31-accounts

		Page
Trustees' report
Independent auditors'	report	31
Statement offinancial	activities	35
Balance sheet		36
Statement ofcash flows		37
Notes tothe financial	statements	38

				2022	2022	2022	2021
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Note
Income from:
Donations and legacies Charitable activities			3 4	133,913 620,316	378,124	512,037 620,316	428,342 512,172
Total				754,229	378,124	1,132,353	940,514
Expenditure on:
Raising funds Charitable activities			5 6	125,768 648,838	267,972	125,768 916,810	70,248 666,952
Total				774,606	267,972	1,042,578	737,200
Net income			7	( 20,377)	110,152	89,775	203,314
Transfers between	funds
Net movement in	funds			( 20,377)	110,152	89,775	203,314
Reconciliation of	funds:
Total funds brought		forward		233,177	61,059	294,236	90,922
Total funds carried		forward	12	212,800	171,211	384,011	294,236

			2022	2022	2021	2021
		Note
Fixed assets
Tangible assets				3,982		2,932
				3,982		2,932
Current assets
Debtors		10	159,504		262,179
Cash at bank and	in hand		512,547		274,774
			672,051		536,953
Creditors: amounts	falling due
within one year		11	( 292,022)		( 245,649)
Net current assets				380,029		291,304
Total net assets				384,011		294,236
The funds ofthe charity:
Restricted funds				171,211		61,059
Designated funds				100,000		100,000
Unrestricted funds				112,800		133,177
		12		384,011		294,236

			2022	2022
		Note
Cash flows from operating activities: Net cash provided by operating activities		A	240,090	39,205
Cash flows from investing activities: Purchase oftangible fixed assets			( 2,317)	( 3,581)
Net cash (used in) investing activities			( 2,317)	( 3,581)
Change in cash and cash equivalents in the	year		237,773	35,624
Cash and cash equivalents at the beginning	ofthe year		274,774	239,150
Cash and cash equivalents at the end of the year			512,547	274,774
A. Reconciliation ofnet income to net cash	flow from operating
activities
Net income for the year Depreciation and amortisation charges Decrease / (increase) in debtors Increase / (decrease) in creditors			89,775 1,267 102,675 46,373	203,314 649 ( 121,279) ( 43,479)
Net cash provided by operating activities			240,090	39,205

INCOME FROM DONATION	S AND LEGACIES
		2022	2021
Donations from individuals		24,201	80,729
Grants from trusts and foundations		365,934	122,157
Grants from corporate bodies		3,217	5,000
In-kind support		38,797	18,400
Arts Council England grants		76,833	189,167
Coronavirus Job Retention	Scheme grants	3,055	12,889
		512,037	428,342

INCOME F	ROM CHAR	ITABLE	ACTIVITIES
			2022	2022	2022	2022	2021
			WOW core	National B	Portnership	Total	Total
			programme	internet'I	projects
			&festivals	eventsf
Corporate	partnership	and	253,450			253,450	334,069
membership
Partnership	project income				76,874	76,874	109,430
Franchising	and licensing			72,467		72,467	42,452
Boxoffice sales &festival			199,770			199,770	20,537
income
Other			17,755			17,755	5,684
			470,975	72,467	76,874	620,316	512,172

	ONRAISINGFUNDS
EXPENDITURE		2022	2021
		E
Staff costs Development Support costs	expenses allocated	62,217 19,884 43,668	31,718 2,859 35,671
		125,769	70,248

XPENDITUREONCHARI	TABLE	ACTIVITIES
		2022	2022	2022	2022	2022
		WOW core	Nationol &	Partnershrp	Total	Total
		programme	internet'I	projects
		&festivals	events
		E	E
Staff costs Direct costs Support costs allocated		172,944 342,463 121,382	54,239 38,068	54,774 94,496 38,444	281,957 436,959 197,894	168,453 309,050 189,449
		636,789	92,307	187,714	916,810	666,952
Support costs comprise: Staff costs Freelance consultancy Stafftraining and travel Staff recruitment Licences and insurance Computer, telephone and website costs Advertising, marketing and PR Accountancy and payroll Depreciation Other expenses					123,141 28,000 6,091 1,640 24,285 10,763 15,009 23,198 1,267 3,576	119,184 19,800 1,700 15,709 26,765 14,217 23,849 649 9,207
Governance costs: Audit fees Legal and professional	fees				4,250 342	4,250 ( 10,210)
					241,562	225,120

					2022	2021
					E	E
Net income		is stated after charging/(crediting):
Depreciation					1,267	649
Auditors'	remuneration		for audit services		4,500	4,250
Auditors'	remuneration		for non-audit	services	4,383	2,291

				2022	2021
				E	E
Gross salaries				409,521	283,066
Employer's	National	Insurance	contributions	39,946	20,048
Employer's	pension	contributions		17,848	16,241
				467,315	319,355

9	TANGIBLE FIXED ASSETS	TANGIBLE FIXED ASSETS	Offiice	Total
			equipment
	Cost Brought forward Additions	at 1June 2021	3,581 2,317	3,581 2,317
	Carried forward	at 31May 2022	5,898	5,898
	Depreciation Brought forward at 1June 2021 Charged for the year		649 1,267	649 1,267
	Carried forward	at 31May 2022	1,916	1,916
	Net book value At 31May 2022		3,982	3,982
	At 31May 2021		2,932	2,932
	10 DEBTORS		2022	2021
				E
	Trade debtors Prepayments Other debtors	and accrued income	127,062 21,045 11,397	210,293 51,886
			159,504	262,179

CREDITORS: AMOUNT	S FALLING DUE WITHIN ONE YEAR
		2022	2021f
Trade creditors		9,065	24,959
Accruals and deferred	income	226,453	178,014
Tax and social security		44,533	35,346
Other creditors		11,971	7,330
		292,022	245,649
The movement on deferred income is as follows:
		2022	2021f
Balance at 1June 2021		121,000	143,613
Released to income		( 121,000)	( 143,613)
Received in the year and deferred		182,313	121,000
Balance at 31May 2022		182,313	121,000

12	MOVEMENT ON FUNDS
	CURRENT YEAR	Brought forward E	Income f	Expenditure	Tronsfers	Carried forward f
	Restricted funds Arts Council WOW Festival		50,000	( 50,000)
	2022 Arts Council Culture Recovery	27,559	26,833	( 54,392)
	Fund Round 2 British Council BBCChildren in Need Lambeth Borough Council-	33,500	182,920 42,000 46,253	( 78,580) ( 75,500)		104,340 46,253
	Elevate The Big Give &Match PRS - Open Fund		20,618 9,500	( 9,500)		20,618
		61,059	378,124	( 267,972)		171,211
	Unrestricted funds General fund Designated winding-up	133,177 100,000	754,229	( 774,606)		112,800 100,000
	reserve
		233,177	754,229	( 774,606)		212,800
	Total funds	294,236	1,132,353	( 1,042,578)		384,011

12	MOVEMENT	ON FUNDS	ON FUNDS	continued
	PRIOR YEAR				Brought	Income	Expenditure	Transfers	Carried
					forward	f	E		forward E
	Restricted funds
	Arts Council	Emergency		Fund	35,000		(35,000)
	Arts Council 2021	WOW Festival				92,000	( 92,000)
	Arts Council	Culture	Recovery			53,666	( 26,107)		27,559
	Fund Round	2
	Arts Council	other				4,000	(4,000)
	British Council					31,000	(31,000)
	BBCChildren in Need Esmee Fairbairn Foundation					46,800 42,857	(13,300) (42,857)		33,500
					35,000	270,323	( 244,264)		61,059
	Unrestricted	funds
	General fund Designated winding-up				55,922	670,191	(492,936)	( 100,000) 100,000	133,177 100,000
	reserve
					55,922	670,191	( 492,936)		233,177
	Total funds				90,922	940,514	( 737,200)		294,236

13	ANALYSIS OF NET ASSETSBETWEEN FUNDS	Unrestricted	Restricted	Totalfunds
		funds	funds
		E	E
	CURRENTYEAR
	Fixed assets Net current assets	3,982 208,818	171,211	3,982 380,029
		212,800	171,211	384,011

PRIOR YEAR
Fixed assets Net current assets	2,932 230,245	61,059	2,932 291,304
	233,177	61,059	294,236