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