DDC4nwJn Env•bpe ID.. CFB38BC1>83F94D7&A26>E7072FTD3DSD Company number: 11355846 Charlty number: 1189880 THE WOW FOUNDATION , W0￿C￿40F5 TRUSTEES, REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 202S Dwign Env8bp8 ID.. CFB388l¥J-&3F￿D7￿2O>E7072FTD3DSD THE WOW FOUNDATION coKrENTS Trustee< report Independent auditorf report 24 Con501idated 5tstement of flnanclal actfvttles 29 Consolldated balance sheet 30 Con501idated statement of ¢ash flows 31 Notes to the finanaal statements 32 DocuskJn Enydcye ID: CFB38B￿53F￿DTfrN28￿E7072F7D3D￿I THE WOW FOUNDATION TRusfEES' REPORT FOR THE YEAR ENDED 31 MAY 2025 The trustees (who are also the dlrertors of the company for the purposes of company lawl present their report together with the audited financlal statement5 for the year ended 31 May 2025. The financial statements have been prepèred in accordance wlth the accountlng pollcles set out in the notes to the financial statements and in accordance with the governlng document, current 5tstutory requlrements and the provislons of 'Accountlng and ReportSn8 by Chartties: Ststement of Recommended Practlce applicable to charities preparln8 their accounts in accordance with the Financlal Reporting Standard appllcable In the UK and Republic of Ireland (FR5 1021" leffertlve l January 20191- (Charities SORP}. Reference and admln15tratlve deta115 Charlty name The WOW Foundatlon Charlty number 1189880 (England and Wales) Cémp•ry number 113558461Er8land and Wales) Trustees of the board Dr Sandle Okoro OBE Richard D Colller-Keywood Nusrath Hassan Shevaun Haviland CBE DrAnne-Marie Imafidon MBE Barbara Reeve5 Nafir Afzal OBE Dr Vanessa Ogden CBE Sandi Toksvl8 OBE Dame Allson Rose DBE Jayanthi Kuru-utumpala Chair Chalr of Finance & Resources Q)mmlttee Chair of Development Committee Appolnted 22 July 2024 Appointed 22 April 2025 Resigned 26 June 2024 ID: CFB38BOO43F￿D7￿A26>E?O72fIO3o$o THE WOW FOUNDATION TRUStEES' REPORT FOR THE YEAR ENDED 31 MAY 2025 Leadershlp tepm Jude Kel Colette Bailey Domino Pateman Founder Dlrector Chief Executive Officer Dirertor of Festivals and Programmes Re8lstered offke The WOW Foundation The HKX Bulldlng 3 Pancras Square London NIC 4AG Independert audltor Jonathan Healey FCA Llndeyer Franci5 Ferguson Limited Statutory Audltors North House 198 High Street TonbrldBe KentTN9 IBE B•nk¢rs Natwest Westem Avenue Waterslde Chatham Maritime Kent ME4 4RT DDcUS￿n EnwlDPO ID.. CFB38BC¥M3F94D7&A2&>E7072F7D3D5D THE WOW FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 MAY 2025 Introductlon 2024125 has been a bl8 year for WOW In a number of ways. We secured funds to flnally develop our long-held ambition of a Global Knowledge Hub and Mernbershlp Offer that wlll enable us to V￿rk more effectlvely as a ne￿Ork of partners across the world - and connect with audlences wlthout border5. all year round. We turned ISI and celebrated wlth an evenlng of conversatlon and music at the Royal Festival Hall to a packed house of over 4,000 people . We looke(i back at what have achleved and our posltive impart on both people ènd places over IS year5.1'm proud to share these headline5 With you.. 5.4M Audlence5 have attended WOW Prosramme 64% have been Insplred to tske action and make a dlfferen¢e 71 Places Continents ISK Young people In artlve pro8ramme5 10.3K People glven a platform to share thelr storles We know that 64% of people who attend a WOW event are inspired to take actlon and make a dlfference- either at home. at work or on a natlonal or international platform. Thavs 3AM people wlM)'ve tsken posFtfve action over the last 15 years. who mlght otherwlse have not. As we pulled together these number5 we were exdted to find that slnce WOW beBan, ￿ro$S the world an Incredlble l.IBN people have been touched by WOW through tradltlonal and digital medla platform5. These number5 burst Into lrfe vrt￿n shared aiongslde the many personal te5￿MonIeS we've recelved. ranglng from Indlvklual, personal moments of tourage to moments of claritythat have led to internatlonal campal8ns and change on a huge scale. Throu8h¢ut this report we're delighted to shareJust a few of these storles trom across the year% WOW ha5 always Induded men and boys wlthln our pro8rammln& and as part of our welcome at WOW events. As we wltness a worryln8 growth of mlsogyny, partlcularly in young and Ivs becomlng dear through recent research and evIde￿e that boys and men are struggling in many areas of life, we are r doublin8 our focus and inclusion of boys arKI Men. An excltln8 partnership with US charlty. Equimundo Is enabling u5 to scale this work quickly and effecthely. And finalty. we have made some struttural changes to our organisatlon thatwill stand us In 8ood steid to go from strength to strength with our vital worK desplte bein¥ in Some of the most challen8ln8 cultural, soclal and economic times that I can remember. We look forward to the ne￿ 15 years wlth excitemenL detemiination and a healthy level of awarene55 of the challen8es ahead. Envebp¥ ID: CF8388LIM3WD7&A26KY072F7D305D THE WOW FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MAY 2025 I would like to thank the WOW Board of Trustees for their unwavering support and wise counsel and the wow teams across the world for the amazin8 work and the carefvl thought that they glve to the WOWS they develop. Manythanks to Bloomberg and Standard Chartered Bank fortheir continued partnership and support and to The WOW Foundatlon team of staff, freelancérs and volunteersfor thelr creatlvlty, ambltlon and tenacity. Jude Kelly CBE. Founder Dirertor Objectives and artlvltles The WOW Foundation's objects as stated In our govemlng document are: The promotlon of gender equallty and the ellmlnatlon of dlKrimination on the 8rounds of gender for the public benefit by. advancing educatlon and rdlsSrÉ awareness of Ser￿er inequality,. promotln8 artfvities to foster understandlng between people of all genders to acknowledge and unlock prÈludlces; conductlng or commlsslonln8 research on gender equalky and Issues and publlshlng the results to the public; and cultlvatlng 4 sentlment In favour of gender equallty through actlvltles. The WOW Found•tlon Known publldy as WOW - Women of the Wodd (WOWI, The WOW Foundation leads a global alliance of partners worklng togetherto drlve an equal and InCI￿￿e future forwornen, gid5 and non-blnary people. We delfver Impact through festivals, events. leadershlp programmes and knowledge sharing wlth these guldlng prlnclples. atl¥lty Is a force for prry1￿. a transf0m￿tIve tool for sparklng Joy* creatlng communlty, and reallzlng a better future. W¥re led by women •round the world: Through our global part￿rshIpS, programmes are locally grown in the place5 wherethey happen Ther¥s a method to our movomert: rooted in the arts and proven over 15 years We all have a part to plJy In •n ¢qual world: No matter who you are, WOW 15 for everyone who belleves In gender equallty. WOW began •s • Festlval In 2010 and we became a UK regIste￿d charity in 2020. sin￿ 2010, wlth 33 global delivery partners, we've dellvered 150 festfvals and programmes. across 71 place5 and 51x contlnents. en8a8in8 audlences of over SM and inskqring 64% to tske action and make change. WOWS Dream Is... of a gender equal world WOWS Vlslon Is... to be a leadin8 catslyst for achlevlng a gender equal world by 2034 [￿8￿jn Erwehy ID.. cFB3BB￿￿3F94D7￿￿Yo72F7DSDfjD THE WOW FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 MAY 2025 WOWS Mlsslon Is to... to build, convene and sustsin a WOW Global Alliance that work5 together, through arts and festlval- led projerts to accelerate progress towards a gender equal world to concelve, develop and deliver art5-led actlvwty across the UK thatcelebrateswomenj glrls and non- blnary people and create5 moments of thange In both people and poll WOWS Strate8k Objecdves 2024- 2034 (l¥er the next ten year perlod WOW has a clear plan for growth alongside a programme of hl8h-profile. celebratory and purwseful projects. events arKI Festwa15, Our plan has 6 keyarea5 of work:_ l. Establish arbd 8row a nthy Global Opevatlon$ Model Extendingthe impart, effectiveness and reach of thé WOW Global Delfr•ery Partnersand harnesslngthe wldèr network of global audlence5 and contrlbutors. settlw WOW on course to be the world's largest arts-led global network for Bender equallty by 2034. Implementln8 the recommendatlons and findlngs from a research and consultatlon prograrnme that took pkKe across the summer of 2023 wlth 30 global partners and stakeholders. 2. A Global Knthyledge Hub IGKH) and Membérship Offer At the heart of WOW Global Operatlons model wlll be a new digrtal offer, our Global Knowled8e Hub. The Global Kr￿wledge Hub wlll serve two purposes:_ A librnry of assets, re50urces and toolklts - alon8side data collectlon and analysis and knowledge sharing for use across our WOW Oelfvery Partners An events platforni to serve a new professional WOW Member5hlp Offer. connertlng our audlence5 to a year round programme of learnlng aNJ Insplratlon 3. Build new conlent and narratfves Build capabllity and understanding towards a global storytelling funrtlon across the whole WOW Global network and to share Impact storfes across live and di8ltal platforms that meet clear obJettlve5 to reach broad, mainrtream audlences, Includlni a ¢oncerted InvltatlDn to men and tK*ys to get InVo￿Ted. 4. Serve audlences In our home crty London is our home city, with loyal and dlverse audlences sin¢e the first WOW Festival in 2010. Each year WOW wlll contlnue to connect wlth these audlences and mark International Women's Day (Marchl and Internatlonal Day of the Glrl (Ort) wlth events in London. A new trfennial model for our flag5hlp WOW Festival and global sh¢)wca5e will be establlshed, with the first of thèse tsking place In March 2027. 5. Build new WOW audlences across th• UK 6uildin8 on recent partnership5 with Leed5120231., Rotherham Councll {2022-20251; the WOW Glrls Festfval Bu5tour12023-20241 and Factory Internatlonal in Manchesterl20241 keyto our role wlthln the UK arts sector and our audlence development plan Is reachlng new and dfverse èudlences across the UK through OcLi*n Env•W Tr. CFB38BC#)-83FMD7C-A26&E7072FID3050 THE WOW FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MAY 1025 partnerships, projects. participatory programmes, festivals and event& In 2025, fft8ship annual Fertival wlll take pl￿ In the North East forthe very first tlme. 6. Bulldlni an effertive and sustainable future Key to WOWS growth In Impact and oursustalnable future Is a betterunderstandlng of our contrlbution and role within Internatlonal Development for the women and glrls Sector. As a newly e5tabllshed Independent charity ÈStabllshlnE secure core funding from 2026 onwards to underpin our vltal work will be key. Pro bono support from Oliver Wyman in 202￿2025 has enabled us to understand with clarty our Impact and build a new narratfve to a5515t with thls strate8lc objectlve. Public benefit The Charty Commlsslon's guldance on publlc berrfrt, includingthe guldance'Publlcbenefft: wunninga charlty IP82}' has continued to be our guide in plannlng and shapln8 our alms. objertlves and actmtles for thls year and beyond. To achleve thls mlsslon. WOW harnesses thÈ trnnsfomiatfve power of culture and the arts to cr&th festfva15 and events that provide people wlth a deeper social and polltical awareness, the ultlmate pal of whlch Is to encourage and facllltate posltlve change towards gender equallty. To achleve our mlsslon. The WOW Foundation harnesses the transfomiative power of culture and the arts through FestNals and events. to reach the wlde5t range of people. provldlng them wtth a deeper sodal and political awareness, sparkin8 action and the bellef and passlon that change Is posslble. We work to maintain WOW'S p051tion at theforefront of femln15t understandln& stay ahead of the curve when It comes to cultural and polltlcal trends and to connecL surprlse and dell8htthrough our programmingchoices. Ourlntersettlonal approach aims to spotlS8ht the vol￿5 of women and nonblnary people whose storles otherwlse go untold and to celebrate these stories In malor cultural spaces. We partner with a broad range of indlvlduals and organi5ations at grassroots and communlty level aswell as International￿ connected arts Cent￿$, buslnesses and institutions to reach audlences of all walks of lrfe and all ages, across the UK and the world. We bulld dlgttal pro8rammes and campal8n5 to make our work accesslble to èryone across the world wlth an Intemet connection. Where posslble our programmes Include BSL, captioning and translatlon Into EnBllsh and other language5) to ensure access for all. We ensure any tlcket prlces are offered wlth subsldlsed and concessionary prices and have artNe policie5 on equalty. diversity. a¢¢ess and Incluslon; 5afeguardl sustalnablllty; and climate. Dwii*n Envoknp8 IO.. CFB38BCWWD7trA263.E7072F7D3D5D ThE WOW FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 2025 A(rossthe year In 2Q24125 our audlenre Ind Teath wak.. In the UL- 121 1651 613 8422 Across ourwhole Global Network 543 Contrlbutor5 4794 Participants 2010 Young People 36,278 Global Audlences ILlve and Digitall ContrIb￿orS Participants Youn8 People UK Audiences. of which Digitsl AUdIen￿5- 1443 Live Audiences- 6,999 28,275.426 UK Soclal Medla Reach 581,749,548 UK Media Reath (press covera8el 141.571.191 Global Soclal Medla Reach 687374,948 Global Media Reach (P￿$5 coverage) 610,035,801 Totsl Reach UK 828,989.764 Total Reath Global N.8. These figure5 refflert a year in the UK that has contlnued to delrier tt> audlences. whlle Investing lime and resource into developing our new Global Knowledge Hub, Membershlp Offer and developing our apability and reach with compelling 50cial medla storles and en8a8ements. Headllne events to celebrate our 15th Annlversary year have led to a s18nificant leap in medla coverage and Interest. We contlnue to Improve our collectlon and capture of dats. yearon year. The map below shows WOW artlvlty a¢ross the WOTld SIn￿ the flrst WOW Festfval In 2010. WOW UK )IV Au$tEJlia D￿￿￿an EMkw10: CFB38BCH3Fg4D7¢-A283£7072FID3DSD THE WOW FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 MAY 2025 Our nt)table achlevements In 2024125 were:. WOW Global Knowledie Hub Durlng 2024125 work began in earnest to realise our ambltion for a Global Knowledge Hub IGKH) and Membershlp programme enabled by a grant from the 81oomberg Philanthropies Dlgitsl Accelerator Programme. We have undertaken an In-depth research and dlscovery process to locate the best tethnolo solution with the help of a dlgital expert as part of the grant a8reement. We are n¢)w in the process of buildlng a newwebslte and CRM functbon whkh wlll launch at the end of 2025 as partof our Isth ann￿erSary celebratlon& WOW Global Membership Offer Durlng 2024125. WOW ha5 been focused on the plann1￿ and development of a new professlonal mèmbership offer. Deslgned to expand wovfs global reach and Pr￿Ide an online platfom for year-round engagement wkth our audiences and networt the rnember5hip will feature a programme of events and curated content strands. We have scoped the programme's delivery model and prlcin8 Strurture, started the proce55 of Curating contentfrc*n WOWS archtve. and establlshed the foundatlonsfor member engagement. The Membership will launch at the end of 2025 a5 part of our 15th annfversary celebrations. Focus for the year ahead will be on dellverlng a h5gh-quallty. engagln8 events proBramme and bulldlng our membetship- both in tern5 of audlence reach and Income generatlon. WOW Festlvals and Events The WOW show In ottober 2024. The WOW Show went on tour to four places acr055 the UK- fwlckenham. Brl8hton (shown In Image below), Chipping Norton and York. The show was a new Idea and we created this tour a5 a pilot to test the fomiat and responses from audlerKe5. It Included crowd-sourclng contrlbutlons from the audlence, with participation throughout the show- and a publlc call<+ut for nomlnatlons In the lead up, to seek out local champlons of change and equallty, who were then Inv5ted onto the stsge. The show wa5 recorded to produce podcasts for later release. We have subsequently taken The WOW Show to Athens- and versk>ns of It are currentty belw developed for a run In Edlnburgh, Australla and across the North &ist of England. • ADMAF WOW created a new partner5hlp wlth Abu Dhabl Muslc & Arts Festfval IADMAn In 2024125. Our first co- developed project was an onllne forumlwork5hop that brought together 24 influential women leaders from the ADMAF and WOWS global networks In November 2024. Throu8h a rlch exchange of knowledge, ideas. nd cu￿Ural experiences. partlcipants from diverse backgrounds shared their loumey& challeree5. and aspirations around female representatlon, authentlc leadershlp, economlc empowemlent, and the Impartof being globally connected. DIscu551ons underscored universal and unique aspects of navigating leadershipi touchin8 on cukural nuances, personal Identlty, and the need for Incluslve. supportlve envlronments. The forum fostered Cross￿ultural understandln& strengthened tles between leaders from the UAE. the UK and thelr Blobal counterparts, and hlghllghted the Importance of solidarlty, empathy. and structural change In creating more equitsble opportunoties for women in leadership worldwide. The event was supported by the FCDO, Abu Dhabl. We look fonyard to the partnership with ADMAF continuing this internatlonal exchan8e Into the future. Do¢uap3n Env•W ID.. CFB38BON3F94D7C-A263-E7072FTD3D50 THE WOW FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MAY 2025 WOW North East 2025- Thlnk Ins Seven WOW Think Ins across the North East took place in February 2025 In Newcastle, Durham, Shlldo Stockton and Dartington (images belowl. People of all ages and from all walks of life were invited to come and help us gather ideas and inspiration for the WOW North East Festfval pro8ramme - In plannlng for October 2025. WOW hkistan 20Z5 The nlnth WOW festlval In PakisLin took Pla￿ In February 2025 atAlhamra Arts Center In Lahor•. Described as an ode to the strength. perseverance and reserve of Pakistsnl women, the two dayfest5val showcased the strides that women and girls are makin8 across the country in the fields of technolo8Y* cllmate change, entrepreneurshlp and archltecturewith over IW speakers and perfomers. Featurlng art, Ilterature, fllm. and conversations, the festlval attracted 13,OCII audience members. Y:1 ￿-rtr4 l)(wslgn Env•bpo ID.. cF838BQ(h83F￿7￿A￿W072FlD3D5D THE WOW FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MAV 2025 Context: WOW has made consistent abxl keycontrlbutitinsto some selsmlc moments of progress. offerin8as we do, plafftirni to brlnB people p¢>werto ur8ent COn￿r$*i0￿$. Thls testlmony Is from campalgner. NlnKoAIL As a result tsf Nimcds worl In 2018 the UK Govemmènt made the lar8est ever fundlng commltment1£50M) to endln8 FGM by 2030 maklng the UKthe first country to dothts. • WOW at 15. Royal Aknrt Hall Hosted by WOW Founder Jud• Kelly CB4 thls ontroff event was fllled wlth mu51C, thou8ht-provoklng conversatlon and loy welcoming to the sta8e a hos1 of speelal guests In a powerful trlbute to Incredlble achlevements of women* girls, and non-blnary people acros5 the globe. Audiences were Invlted to celebrate 15 years of WOW and the posltive chan8e5 the world has seen towards gender equlty, as well as explore the setbacks and l¢)ok to the future together. Legendary artivist Angel4 D•vls headllned the event, discussing love In attfvtsm. hope and healln& alongwlth her love of the blue5, alon8slde long 5tandin8WOWsupporters. Annle Lenno& Sandl Toks¥l&JordDn Stephens Uz Carr, Anoushka Shankar and Harrletwalters. Contexl: Followlng a se551on cry Glvlng Testlmonles at WOW London. the WOW Team recelved the followin8 email from onÈ of the speakers who had tsken part,. io Do¢u8*n Enww ID.. CFB38814>83FMD7C-A263-E7072F7D3D5D THE WOW FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MAY 2025 REIGN Commlsslon The WOW at IS evening a150 featured the world premiere of REIGN. a brnnd newchoral work, commissioned by WOW to celebrate our 15th Anniversary, from Errollyn Wallen CBE. The work was performed by 130 InterEenerat6onal voltes led byjessie Maryon Davles made up of Llps community cholrandyoung¥oi￿ from Mulberry School and St Bonfface Prlmary School, to an aUdIen￿ of 40￿ people. Following thls world prembere perfornianee of the work, WOW are now bulldlng on the projertto reach and Insplre youn8 people across the country through the creatlon of an Educatlon PacL In5plred by &rO￿,$ muslc and Ilnked to the GCSE music composltlon module and natlonal currfculum requlrements. jj li L￿x￿￿n E• ID: CF836BOO43F94D7&A28K7072F7D3D5D THE WOW FOUNDATION TRusfEES' REPORT FOR THE YEAR ENDED 31 MAY 2025 Context: Some moments of transft>rmation are Intensely personal- but also speak to much larger socleLII shlfts. Gemma, who Shared the followlng tÈstimony. b a teather. Her experlÈnc¢ reverberats5. through the message and advocacy she now5hares wlth her students. WOW Athens 2025. INJudln8The WOW Show The third WOW Athens took place in Aprilj presented by our global partners, Slavros Nlarch05 Foundation Cultural Center ISNFCCI, in collaboratlon w￿h WOW and the Brftlsh Councll. fftr four days. the programme included author and act•v15t Roxane Gayj award-winning Amerlcan writsr Carmen Marla Machado. and producer of the femlnlst sertes Ihe PrhKWes oAPleawr¢ Thalia Mavros. alongslde films, muslc Ilncluding a performance by Arool Aftab, the first Pakistanl artlst to win a Grammy Award). exhibltlons, workshops and more. In February in the run up to the festlval, the first edltlon of The WOW Show wlth Jude Kelly In Gree took place at SNFCC Jude was lolneil by Katerfna Athanasladou, Vanessa Venetl and Katerina Vrana, thre• amazin8 women who hwe thallenged stereotypes and gone against the tid•. 12 0(￿￿Jn Enww ID,. CFB3880(M3FMJ7N263.E7072F7D305D THE WOW FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MAY 2025 WOW Baltimore 2025 WOW Baltlmore retumed on 5 Aprll 2025 for the first ￿me slnce 2018. taklng Pla￿ at the Rtta R0551 Colwell Center and hosted by Notre Dame of Maryland UnNer5ty. The programrne ￿lebrated the women who care, bulld and create Baltimi>re and Included a keynote wlth ofympl¢ gymnast Domlnlque Dawes. a session on Rèisln8 Boys. Leadln8 Chan8e: Men's Role in Socletywfth Equimundo's Gary Barker and a session on Women RedeflnlnE Food and Power. The day also Included WOW Sounds and WOW Popup perlonnan￿s and a bustling WOW marketpla￿ 5howca5ing local bUsI￿sses, servlces and advocacy oryanlsatlon WOW lrtanbul 2025 In April. WOW partnered with Britlsh Council Turkey and WOW'5 Global Glrfs Champlon Stsndard chartered for a WOW Istanbul event at the Brittsh Consulate, hosted bythe Consul General Kenan Poleo. The afternoon included WOW Speed MentorSn¥ wlth 70 people, WOW Bites from young people from the worlds of sport. technology, muslc and NGOS and a networking event for invited guests from au0$5 business, the arts and Cw)c4M*n ErNeknpe ID: CFB3e8ot￿83F￿D7C-A26￿7o72FlD3D5D ThE WOW FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 WY 2025 a(fvocacy sector5 of Istanbul. Thls marked the end of WOW'S direct partnership with the Brltlsh Council in Istanbul and the be8inning of a new partnershlp with the music organlsatlon, Krescendo. Context: The most powerful aspertof WOW i5the abSlKy of our approach to connert globally- workln8wf(h women from all over the world. from th¢frplace and thetr culiurdlly Specific contexts. Thls powerful te5tlmDny comes from Usa Mumbln, a Jawoyn elder and Indl8enous Leader from Katherlne Inthe Northem TÈrrltoryofAustralla. Herword5 and sentiments Could be echoed from wlthln all the places around the world that have embraced the WOW pro8rnmme. WOW R￿harharn 2025 WOW Rotherham returned to the clty centre in Mayforthe fourth year runnlr).8 with a day-longfree festfval wSth workshops, talks, performances, art exhlbltlons& popups and a WOW Marketplacetskin8over thetown. Hi8hli8hts from the pro8fdmme Included panel conversations chaired by Colette Bailey, WOW'S CEO. workshops Including screen prlntln& badge makin& fan maklng and Le80 creatlons. Hooptastlc hula shows and muslc including Sudanese Women Drnmmer5. For the first tlme. WOW Rotherham presented evenlng ever￿ Including the Big Fatt P¢)Dl Party at Rotherham Lelsure Centre and a Drag Nl8hL 14 D¢rf￿n Enve￿19 ID.. CFB36BCW3F￿D7C-N28>ET072FTD3D50 THE WOW FCIUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 2025 WOW- Chlldren and Young People WOW Young Leaders Dlrectory 2024 To mark 4years ofthe WOW Young Leader5 Dlrectory, and the publlcatlon ofWOWs first antholowofyoung voices GI￿ to the Wt>rfd.• Lettersfvr Chaoqe, WOW launched a dl81ts1 campaign celebrating the 149 young leaders who have been partof the programme slnce 2020. TtkTok and Instagram videos by ouryoung Leader5 shared theSr Blg Ide05 to change the world. alongside Euest F￿$t$ for WOWS blo8 and Linkedln talking about thelr actlvlst Journeys and thelr advi￿ to other young changemakers. The dlgltal campaign ￿3¢hed 33,909,321 through s¢)dal media and press coverage includlng interviews with actSvists from Malawi and Spaln on BBC Radlo 4's Woman's Hour. WOW also ran a fiypostlng campaign acro55 East London wlth one of the letters from Girls to the World, promotlng young women's voices in celebratlon of Intematlonal Day of the Girl. The Youn8 Leaders campaign helped WOWstren8then its posfcion as a global storyteller, showcaslng the achlevements and ideas of 25 young people from 17 countrles and encoura8ing audlences to explore all 149 profiles of 8lr15 and young women and non-blnary people from 62 countries. LL Lpiters For C.hange'. To The.Worlcl Girls Context: Rlght from the start, WOW has Included prDgramme5 for young people, reallslng that tonfidence in who you are. and the ablllty to express thls, Lq key to fosterfng a genderequal world 15 Er￿kn￿¢ ID: CFB38BCH3Ftr4D7GA28W072F7D3D6D THE WOW FOUNDATION TrUSTEES' REPORT FOR THE YEAR ENDED 31 MAY2025 therés one thlng he tAten •wJmm WOW, Its strenpth to be ￿￿Ul)I o mare ¥w4AI wvy•ndto be arlhy In [myJ IDtern4Uonal Day of theGlrl 2024 On Frlday 11 October WOW Celebrated the 12th Internatkonal Day of thè Gld with 300 insplrlngwomèn, glr15 and non-blnary taking over the lastminute.com London Eye for a mornin£ of en masse speed mentorin& sh3rlng their dreams, ambltlons and thallen8e5 a5 they 50ared over London. Thi5 wa5 followed by a morning of workshops focused on buildin8 tteatÉve careers, delfvered by creative professionals and in partnership wSth the htational Theatre-tsklng over three floor5 of their iconic building on the South Bank and including tours of their incrÈdible workshops and studlos providing an insight into all the career5 behlnd the 5￿fte5 in theatre. IL Context: Ab￿e all WOW Is about brlngln6 loy and humour, Inspirin8 action. bulk11￿ resilience and findln8 comrnunity wf(h each other. Here arejust a veryftw Inslghts Intolust how many rlpples emanate from the work th WOW does. 16 D￿l￿￿￿n ETh*lopo ID.. CFB38BC(L83FN07C426W072FTD3D5D THE WOW FOUNDATION TRUSTEES. REPORT FOR ThE YEAR ENDED 31 2025 Future Plans- 2025126 and beyond Alongslde a full yearof dellvery during 202412025, we have contlnued the researth, ton5ultatlon Iwlth 8lobal partners and other key stakeholders) and strats8ic plannlng that is underpinning our ten year Strate8lc Plan for 2024-2034. Immedlate future Pla￿ Include:. Global Knowledge Hub- Launth Our new Global Knowledge Hub wlll 'SO￿ launch In October 2025, followed by 3 months of testln& development and consultstion wlth 8lobal dellvery Partne￿ who are the maln teneficlartes of th1$ programme. bt wlll be ready for its first full year of 5er¥ice to these partnets from January 2026. Glo￿1 mom￿r$hIP- Launch and Pro8rnmm• Our new Global Member5hlp Offer wlll launch atthe sametlme as ourGlobal KnowlÈd8e Hub. We have spent tlme In 24125 researchlng the market and developin8 the programme Strands that wlll be dellvered through thls I￿ar￿ new WOW Offer. We are excited to get thls Ilve for earW adopters In October 202S, wlth the flrst full year of the programme belng delfvered to Member5 from January 2026. New Global PartnqThhlps Partnershlp development across the UK and around the world continues wtth current Ilve conversations Indudlng LeI￿ster, Worcester, Poland, Dubal, Thessaloniki, Sydney and ongoing development of programrnes In Klgali. • Global F¢stl¥•l$ In 2025126 we are currently planning WOW Festivals In AurtralSa {Oct 251 l Rlo (Oct 251 I Paklstan1202611 Athens (March 2611 and smaller actlvitles in Ban8lade5h and Nepal In early 2026. WOW In Londan We are plannlng our 13th edltlon of WOW Speed Mentorlng at the London Eye to celebrate Intematlonal Day of the Girl in 2025 on Frlday 10 Ottober. We are a150 currently plannlng our actlvlty in London for Intematlonal Women's Day In 2026 and developing early programmes and partnershlps leadlng towards our rirst triennial WOW London Festhal in March 2027 at Southbank Centre, London. 17 Erweby IL>. ¢Fe38Bc4M3F94D7C-A2￿E7072F703D8D THE WOW FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MAY 2025 WOW North East 2025 Working with Stockton & Darlington Rallway 200 Festfval IS&DR2001, WOW N¢xth E•$t will be an inclusive. brant and celebratory two-day festival programme, bullt from suggestions from the region's communities. collerted through a series of WOW Thlnk Ins whlch took place In February 2025 (see Images above). The festtval programme wlll feature blg Ideas. panel discu55ion5, workshops• muslc, poetryi performances, a marketplace and mentoring opportunities to inspire optimism arbd detemiinatlon In the drive to transfom society and continue the progress towards a gender equal world. We'll also be taking a look at the contribution of women to the history and future of technology and invention - in celebration of 200 years slnce the birth of the railways and the world's first rail route from Stockton to Darlin8ton. We estimate that WOW North East wlll welcome an estimated 4.500 feslivalsoer5 over two day5 of Fe5tlval and wider satellite programme. with 700 YOU￿ people wlthln thls number. Fomlnlst Actlvlsm In Youth In Brazll Iln partnershlp wlth WOW In the North East) Throughout 2024125 we have been developlng a research projertwith Kings College London, funded through the Arts and Humanities Research Councll IAHRCI looking into arts-led. feminist artivism and its contribution toward5 buildin8 resillence in girls with a view to mitigatin8 their risk of experlenclng gender based violence. As part ofthe programme we are working towards the delivery ofa 10 week creative programme wlth youNJ women from South Shields in the North East reglon aged 16-20, who will explore feminism. arts and actlvlsm In conversation wlth young women In the Maré Favela in Rio de Janeiro, Brazll. WOW North East and WOW Rlo will host the results of these workshops- wlth the possibility of vislts to both countrle5 by participants. Wowsers In the North East As part ofthe WOW North East Festlval, young people from Sunderland will take part in Wowwrs: Cre*lve Careers- an 8 week creatlve programme enabling young people to discoverand explore gender equality, art5 and actlvism and, at the same time. learn more about career5 in the creatNe industries, by creatin8 pro8ramme to share at the FestNal. 18 C*xu8*Jn En%4oF• KI: CFB3880M3F￿D7c-A2fi&ErO72FID3DSD THE WOW FOUNDATION FOR THE YEAR ENDED 31 M4Y 2025 Development of Business and FundrJlslng Strdt Fundrnlslng In 2024125, we have continued to ralse fvnd5 underpinned by our Theory of Change. tyi YO Our corporate partnérships with Bloomber8 (Global Fundlng Partner) and Standard Chartered Bank (Global Glrls Champlonl have contlnued to grow In strength, alon8slde new relat￿nShIpS with other Corporate partners and a wlde range of Trusts & Foundatlons to help fund our projects and programmes. A developed partnershlp and MOU with the US Charity, Equlmundo has led to WOW securlnE tunds from the Pivotal Fun(1 set up by Mellnda Gates. vsa National PhllanthropyTnst. We contlnue to cuftlvate an evofvlng list of Indfvldual donors and we continue to build our capacty and expertise in collecting good dats. feedback and testimony. as well as conductlng full evaluatlon and team debrlefing sessions after every project, festlval and event. In 2025126 we wlll expand our income generation and fundralslng staff team by two and our work in this area wlll be supported and Stream11n￿ wlth the Introductlon of our new CRM. planned for the end of 2025. Operations and Business 202412025 ha5 been a period of re-structudng and stren8thenlng The WOW Foundation organisatlonal structure for our future operations. Jude Kellvs role has evolved into Founder Dlrector. She will take a less day-to-day role In the runnlng of the charlty whllst malntalnin8 an important and visible role within our leadership team. Colette Balley has tsken on the role of CEO. with our ExecLrtlve Dlrector role becomlng redundant as a result. A new role of Membershlp Programme Manager has been created to drlve the income and growth ot our new Membershlp Offer alongside a new full time role of Senlor Fundraising and Development Manag¢rwhlth has replaced our part-tlme Tru5t5 and Foundations Manager role. During 2024125 we have corrtlnued to use TWF Tradlng Ltd. the wholly owned subsldlary of The WOW Foundatlon wlth l(K)% of all profits Btfted to The WOW Foundatitin. 19 DOC￿vIn Envgw ID: CFB38B0[￿F94O7C-Az69-EID72F7D3DSD THE WOW FOUNDATlCh TRUStEES' REPORT FOR THE YEAR ENDED 31 MAY 2025 Financial Review WOW have had a good year In 202412025 growing our annual turnover and as a result our tharltable actfvlty from £1,024,673 in 2023124 to £l?18.624 In 2024125. A rise of 28.6%, demonstrating we continue to build our resilience and sustalnabilty desplte the challen8lng landscape for charltles and or8anlsation5wlth a focus on dlversity, equallty and incluslon. We have seen a growth In our funds from philanthropic glving grow considerably. Thls work is bulldln8 for future relatlonshSps as well the fi8ure5 represented within our account& We be8an 2023124 wlth £1,587 in rèstricted reserves having completed In the previou5 year a number of maJor projects wlth re5trlcted funds. In 2024125 we have succe5sfulfy built up new projects for dellvery throughoLrt the year and into 2025126, ending the year wlth £180.550 In re5trfcted funds. These projects Include a Bloomberg Phllanthropies Digital Accelerator Programme grant to build our newwebslte and CRM. alon8side Pivotsl funds and a partnership research programrm from AHRC in partnership with Queen Mary Universlty. London. In 2024125. we spent £1￿82.257 on our charltable actlvities and we are also pleased to report that funds spent on the ralslng of fund5 were reduced (from £129,291 in 2023124 to £108,164 in 20241251. TheTrusteesof Wowcarefully monltorand manage the income and expenditureof the charlty. Ourfinan¢ial heahh is scrutinlsed on a regular basls by both the Flnance and Resources Commlttee and the Board of Trustees as a whole. Prolerted financial modellin8 ha5 been completed for both 2025126and 2026127 ofourexpected programme of project5 Jnd actmty. This currently demonstrates a turnover of Su51 overthe £IM level for each year, vAth a projerted small surplu5 at the end of each year as we contlnue the work to build our free reseTh￿s and reduce and streamllne our overheads. ReseNes At the end of 2024n5 total reserves for WOW are U77,889. of vthlch: £180,550 Is restrlrted funds £97.339 Is a free general reserve Trustees have set a Reser¥es Pollcy for free general re5erye5 a5 a minlmum of 3 month5 of operatlng costs. which Is currentlyapproximately £153k. Based on current projections and strategic plannin& trustees expect Wowto achleve the required level of free general reserves Within the next 2 year5 and understsnd the task ahead to achieve thi5. Trustees also note the ablllty of the WOW teams to attract project fundln8 to meet the alms of the charity wlth full Cost recovery for staff and overheads built into the budgets for these programmes. 20 ErNebw10.. CFB3BBW3F94D7&A263.E1072F7D3D5D ThE WOW FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MAY 2025 Principal risks and uncertalntles Major rf5ks and mlugallon Throughout the year, the Board of Trustees and WOW leadershlp team malntaln a comprehensive Risk Register of current and potentlèl rlsks and mitigations to whkh the charity is exposed. Includlng rlsks relating to strate8lc. flnanclal, operational and repvtational matter> The hlghest rlsks most recentty identifled by the charfty all have mltlgatknns whlch ￿￿Ce them to medlum or lower, Extemal factors such as cost of livin& global confllrt. growlng polarlsatlon across soclety, and the changlng nature of 8e(Fpolttlc5 and the Impact on the funding landscape for charities such as Qurs, all carry a risk factor to our chaiity actmties The potentlal loss of major partnershlps- partlcularly In the helghtened fundlng landscape Capacfity and resources- whilst we have made significarrt progress over the last year. thls remalns a I￿le I￿ue a5 It15 for many charltles. The R15k Register rarrle5 clear plannlngfor miti8ation of these rlsks and Is r￿eWed month￿• by the executive team and quartth by ourFlnance & Resourees Committee and subsequent meetlngof the Board ofTrustees. Structure. 8overnance and rnawgement The WOW Foundatlon Is a company Ilmited by guarantee and Is governed by Its Prtl¢les of Assoclatlon. It 15 charity r￿stered in England and charttable status was granted on 10 June 2020. At the end of the current flnanclal year, The WOW Foundatlon has 10 tn*ee5. New trustees are 5u8ge5ted vla a newly estsbllshed Nornination5 and Renumeratlons Commlttee (made up of currenttrusteesl. Trurtees are recrutted to cover any gaps in skill set or experien￿ and are voted In by thè Trustees Current￿ in post. The Board meets quarterty and are responslble for overseelrq the work of the charlty. ensuring compllan with charity laws and the company's charltsble oblectlves. New Trustees are Indurted Into the or8anlsatlon wlth a full set of Infomiatlon aboutthe Charltles, ObJectlves, Artlcle5 of Association and ff nancial inforn)atlon. Alongslde, all trustees are issued with the Charlty Comm1551on's Charlty Trustee Welcome Pack. even If they are experlenced on Boards. This ensures they have guldance for the responsibllltles, skills ind knowledge requ5red to carry out their work effectivelv. There are currently four Board Commtttees: Hnance and Resour￿5 Committee; Development: Nominations and Renumerauons: and a time-bound Bloomberg DAP Commlttee, Ilnked directlyto the developmentof our dlgltal Global Knowledge Hub. These COmm￿eeS report to the wlder Board 8roup at the quarterly meetings. The Chairs of each CLYnmittee are avallable to the leadership team between quarterly meetlngs. The day to runnin8 of the charity Is carried out by a current staff team of tsn alongslde freelancers who are contrarted to asslst on specKlc areas of dellvery and expertlse. Pollcles relating to the charityls artfvltles are signed off bythe Board and a dl8ltal HR intranet shares these alonB5ide other HR functlons with the staff teèm. The Flnanclal Controls ensure clarlty and transparency of responslblllty betsleen the Board and executive team. 21 D¢¢u*an EDwk>pe ID: cFB38B(rf%WND7GAx￿7Q72F7D3D5D THE WOW FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MAY 2025 Processes for recruitlng WOW staff and key management team are rlgorous. Appllcants are gradeii on how well they meet the 5pecificatlDn for each role and candidates with the hi8he5t scores ofFered an intervlew. All salarfes are benchmarked a8alnst other charitles and organlsatlons of a slmllarslze and income to ensure WOW is offering falr remuneratlons to attrart the best talent wtthln the Industry. Salaries for key management personnel, such as the CEO role are now slgned off by the Nominations and Remunerations Commlttee and ultimately the Board. The Founder Dlrertor Is a key spokesperson for the charfty. alon8slde the CEO who leads the eharlty, wtth responslblllty for overseelng the artistic and strategic vision and ensuring it meets Its charltable oblectlvek The Dirertorof Festlvals and Programmes has respon51blllty forthe ¢reatSve strategy of the organlsatlon, and the development of the Chari￿s 8lobal and local partnerships. Statement of tNsteeg responslbllltles The trustees, who a￿ also the dlrectors of the parent charltable company for the PUrF￿Se5 of company law, are responsible for preparing the Tntstee< Report and Flnanclal Ststements In accordance wfth applicable law and re8ulatbns. Company law requlres the trustees to prepare accounts for each flnanclal year. Under that law the trustees must not approve the financlal statements unle55 they are 5at15fied that theyglve a true and falrvlew of the ststeof affalrs of the 8roup and parent ¢harftsble company and of the Incomlng resources and applicatlon of resources, Includlng the Income and expendlture account. of the chartty for that perlod. In preparfng the5eflnandal staten*nts. the trustees are requlred to: • select suitsble accovntin8 policies and then apply them consIstent￿. • observe the methods and prlnclples of the Charltles SORP: make judgements and e#imat*s that are reasonable and prudent; • state whether appllcable UK accountlng standards have been followed, subject to any matsrlal departures disclosed and explalned In the financlal statements.. and prepare the accounts on the 8olng concem bd515 unle55 it 15 inappropriate to presume that the 8roup and parent tharftable companywlll contlnue in business. Thetrustees are responsible for keeping adequate accountlng recordsthat are sufflclentto show and explaln the group and parent charftable comparf5 tronsactlons and dlsclose wlth reasonable accuracy at any tlme the flnanclal p051tion of the group and parent charltable company and enable them to ensure that the #ttounts comply wlth the Companies Act 2006. They are also responslble for safeguardlng the assets of the group and parent charitsble cornpany and hencefortaklng reasonable step5for the pre¥tntlon and detection of fraud and other irre8ularttles. 22 D[*￿gn Envew ID.. CFB38BOM3FMJ7CA26>E7072F7D3D5D THE WOW FI)UNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MAY 2025 5tstement of dls¢losure to audltors In accordance wlth company law, the trustees certify that: so far as each person who was a trustee at the date of approvlng thls report Is aware, there Is r relevant audlt Infonnatlon of whlch the group and ￿rent charitable companls auditors are unaware: and • the trustees have tsken all the necessary steps that they ought to have taken as trustees in order to make themsefves aware of all relevant aud5t Info￿ation and to estsbllsh that the group and parent d)arltable companfs audltor5 are aware of th* Snfornatlon. Thos report has been prepared In accordance with the pr(>vlslons appllcable to small companles subject to the small companle< re8lme in Part 15 of the Companles Act 2(Ki6, 11M712025 Approved by the Board of Trustees on_..............,...,........................... and 51gned on its behalf bv: SANDIE OKORO Chair and Trustee RICHARD CoLUER￿EyWO 23 rh)G￿aTr Erwab¥e ITr. GF￿8B￿83Fg4D7￿A￿7o72FTD3DSD THE WOW FOUNDATION INDEPENDENT AUDrroRS' REPORT TO THE MEMBERS OF ThE WOW FOUNDATION FOR THE YEAR ENDED 31 WY 2025 Oplnlon We have audited the group and parent charitsble company financial statements of The WOW Foundation 1.the parent charftable companfl for the year ended 31 May 2025. which comprise the Qjnsolidated Statement of Flnancial Activities. the Balance Sheets. the Consolldated Statement of Cash Flows, and the Notes to the financSal statements. Indudin8 a summary of significant accounting policie5. The flnancial reportin8 framework that has been applled in their preparatlon is appllcable law and Unlted Kingdom AccountlnE Standards, Includlng Financial Reportln8 Standard 102 The Financial Reportin8 Standard applicable in the UK and Republic of Ireland (United Kingdom Generalty Aceepted Accountln8 Prattlcel. In our opinion, the financial ststements: glve 3 true and falr v12w of the state of the group and of the parent charltable compan￿5 affalrs as at 31 May 2025 and of the group's incomlng resources and applIcat￿n of resources for the year then ended: have been woperly prepared In accordance wlth Unlted Kingdom Generally Accepted Accountin8 Practice- and have been prepared in accordance with the requlrements of the Companies Art 2006. B45ts for oplnlon We condurted our audit in accordance with Intematlonal Stsndards on Audltlng IUKI IISAs IUKII and applicable law. Our resFonsibilitie5 under those standards are further described in the Audlto¢s responslbilities for the audit of the financial statements Section of our report. We are Sndependent of the group and parent charStable company in accordance with the ethical requlrements that are relevant to our audit of the financial Statements in the UK, Indudlng the FRCS Ethlcal Standard, and we have fulfilled our other ethical re5ponslbllitie5 in accordance with these requirements. We believe that the audlt evldence we have obtalned is suffKlent and approprlate to provide a basis for our opinion. Concluslon5 relat1￿ to 8oln8 cancern In auditing the Ilnanclal statements, we have concluded that the trurtees, use of the goln8 concern ba515 of accountirvd in the preparation of the flnanclal Statements is approprlate, Based on the work V￿ have performed, we have not Identified any material uncertainties relating to events or condltlons that. individually or collectively, may cast significant doubt on the group and charitable company's abillty to continue as a golng concem for a perlod of at least twelve month5 from when the financlal ststements are authorised for issue. Our responslbilitie$ and the respon5ibilitles of thetrusteeswlth respect to going concern a￿ dexribed In the relevant sectlons of thls report. 24 CU8bJn Envohw ID.. cFB38B0￿3F￿7&￿2fj&E7972FTD3D5D THE WOW FOUNDATION INDEPENDEpif AUDrroR5' REPORTTO THE MEMBERS OF THE WOW FOUNDATION FOR THE YEAR ENDED 31 MAY2025 other Infonnallon The other inforniation comprises the Information included in the annual ￿porl other than the flnancial statements and our audltorfs report thereon. The trustees are responslble for the other information. Our opinion on the financial statements does not coverthe other Infomation and, except to the extent otherwlse expllcitly stated In our report. we do not express any form of assuran￿ cop,cluslon thereon. In eonnertion wlth our audlt of the flnanclal statements, OLtr responslblllty Is to read the other informatkjn and. In doing so. conslder whether the other infomiation is materially inconsistent wlth the flnancSal statements or our knowledge obtsined In the course of the audlt or othenmlse appears to be materlal misstated. If we identify such material inconsistencles or apparent material misststements, we are required to detemilne whether there Is a materlal misstatement In the flnanclal ststements or a materfal mlsstatement In the other information. If, based on the work we have perfomed, we conclude that there is mateilal misstatement of thls other Information. we are requlred to report that fart. We have nothing to report in thi5 regard. Opinions on other matters prt5¢rfbed by the Companies Act 2006 In our oplnlon, based on the work undertaken in the course of the audit: the infom)ation given in the trustees. report. which Includes the directors. report prepared for the purposes of company law. for the financlal year for which the finandal ststements are prepared is consistent wlth the financial statements; and the dlrector< report included within the trustees. report has been prepared In accDrdance with 3ppllcable legal requirement5. M•tters on whlch we Ire requlred to report by excepllon In the light of the knowledge and understanding of the group and the parent tharftsble company and its environment obtsined in the course of the audlt, we have not identified material mlsstatements In the directorg report included wlthln the trustees, report. We have nothing to report in respect of the followlng matters Sn relation to whlch the G)mpanles ALt 2(K16 require us to report to you if. in our opinion.. the group and parent charltable company has not kept adequate and proper accountlng records or retums adequate for our audwt have not been recefved from branche5 not visited by us: or the group and parent charltsble compan￿$ financial statements are not in agreement wrth the accountlng records and returns; or certaln disclosures of trustees, remuneration specified by law are not made: or we have not recelved all the Infomi?tion and explanatlons we require for our audit; or 25 oc￿￿9￿ ErM¥bp10.. cF8388￿m8F￿D7￿N2s&E7Q72F7D3DSD THE WOW FOUNDATION INDEPENDEKf AUDITORS. REPORTTO THE WMBER5 OF THE WOW FOUNDATION FOR THE YEAR ENDED 31 MAY 2025 the trustees were not entltled to prepare the finan¢i31 statements in accordance with the small companieg reglme and take advantage of the Small companle< exemptions in preparln8 the trustees, report and from the requirement to prepare a strategic report, R￿pOnSibl11t1es af trustees As explained more fully In the trustees, responslbllities ststement set out on page 22. the trustees (who are a150 the directors of the parent charltable company for the purposes of company lawl are re5ponsibleforthe preparatlon of the flnanclal statements and for belng satlsfied that they give a true and falr view, and for such Internal control asthe trustees deterynine is nece55ary to enablethe preparatlon of financial ststements that are free from material mlsstatement, whether due to fraud or error. In preparlnz the flnanclal ststements. the tru5tee5 are responslble for assessing the group and parent charitable compan￿5 abilityto contlnue as a goin8 concern, disclosin& as applicable. matters related to goin8 concem and uslng the going concem basls of accountlng unless the trustees either Intend to Ilquidate the group and parent charltable company or to cease operations, or have no reallstic alternative but to do so. Audltorfs r•sponslbllltles for the audit of the fiMnci•l statements Our objectives are to obtsin reasonable assurance al)out whether the financial statements as a whole are free from material misstatement. whetherduetofraud or error. and to Issue an auditorfs reportthat includes our opinion. Reasonable assurance is a high level of assuran￿ but 15 not a guarantee that an audit conducted In accordance wlth1SA5 IUKI will always detect a materlal misstatsment when it exists. M1$5tatements can arise from fraud or error and are considered material if, indlvldually or in the aggregate. they could reasonably be expetted to influence the economic declslons of users tsken on the basis of these finanual statements. IrreBularltle% induding fraud, are instan￿$ of non-eompllance wlth laws and regulations. We design procedures in line with our responslbllltles. OUtlSned above. to detett materlal mi55tatements In respect of irregularities, includin8 fraud. The e￿ent to which our procedures are capable of detectlng irregularities, incluthng fraud Is detalled below. We obtalned an understanding of the legal and regulatory frdmework appllcable to the preparation of the financial statements of the group and parent charitable company* and the procedures that management adopt to ensure compllance. We have considered the extentto which nonE7072FID3D5D THE WOW FOUNDATION CONSOUDAT£D STATEMENT OF FINANCIAL AcnvrriES IINCLUDIIIG INCOME AND EXPEf4DtruREAccouMn FOR ThE YEAR EAIDED 31 MA Y2025 2025 2025 Unrestrfrted Restrtrted fvnds 2025 Totsl 2024 Totsl Junds Note Intome from: Donations and legacies charltable artlvltles Other trading activitie5 Other non tradin8 attivities 442,891 209,110 244.832 421,791 864.682 209.110 244,832 394,816 2S4,817 364,388 10,652 Totsl 896,833 421,791 1,318,624 1.024,673 Exp•ndtture on: Raislng funds Charttable attl￿tIeS 108,164 839,429 108,164 1.082,257 129,291 1.143,3S6 242,828 Total 947,593 242.828 I,1￿,421 1,272,647 Net income l (expenditure) 150,7601 178.963 128.203 (247.9741 Trdnsfers bètween funds 14et fflo¥efflent In fund5 150.7601 178,963 128,203 1247,9741 Reconclllatlon of Nnd&' Total funds brought forward 148,099 1,587 149.686 397,660 Total funds carried forward 14 97,339 180,550 277.889 149.686 29 l)ty#W Envaknpe ID.. CFB38BCH3F94D7C-A26W072FID3C150 THE WOW FOUNDATION CONSOUOATED AND CHARITY BALANts SHEErs ASAf31 MAY2025 2Q24 Group 2024 Chor Group Chorky Note Flxed assets Tan8ible assets Investrnents 1,033 1,033 li 1,033 1.034 Cyrrent assets Debtors Cash at bank and In hand 296,325 372,491 117.363 371491 217,713 82,498 155,213 82,498 668,816 489.854 300,211 237,711 Cr•ditors: amounts falling due w￿h1n one year 13 1390.9271 1361935) 1151,5581 1149,8591 Net current assets 277,889 126,919 148.653 87,852 Totsl nèt assats 277,889 126.920 149,686 88,886 The funds of the charity. Restrlcted funds Unrestritted funds Trading 5ubsldiary fund 180,550 153,6301 150.969 180.550 { 53,6301 1,587 87,299 6D,800 1,587 87,299 Totsl fund5 277.889 126,920 149,686 88,886 11117121Y25 The financlal ststemerrts were approved by the Board of Trustees on ........................ sLgned on its behalf by.. .. and were RICHARD COWER.KEYWOOD Trnstee Company number. 11355846 30 t*)¢w￿n En¥•W LI.. CFB38BQLk83F94D7¢-A26>E7072FID3D5D THÉ WOW FOUNDATION CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MA Y2025 2025 2024 Note Cash Ilows from operatlng actlvltles: Net cash provlded by / (used In) operating actlvltles 289.993 1180,0661 Cha￿e In cash and tash equlvalents In th• year 289,993 { 180.0661 Cash and cash equivalents at the beginning of the year 82,498 262.564 Cash and ush egulvalents at the end of the year 372.491 82.498 Reconcmlatlon of net Income to net cash flow from operatln8 act￿Ttl￿$ Net Income / {eXpend￿Ure) forthe year Depreciatlon and amortisation d)arges Ilncreèsel / decrease in debtors Inuease / {decrease) in creditors 128.203 1.033 178,6121 239,369 1247,9741 1,475 93.994 127,5611 Net cash provided by I lused inl operating actlvltles 289,993 1180.0661 31 DrKwiun ID.. CF838BOO43￿D7cd26}E7o72F7o3DSD THE WOW FOUNDA710N NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31 MA Y2025 ACCOUNTING POUCIES Ac¢ountlns canv•ntion The financial statements have been prepared in accordance wtth °Accountlng and Repjrtlng by Charitles: Statement of Recommended Practice applicable to charltles preparln8 their accounts in accordarfe with the Flnanclal Reportlng Stsndard applicable In the UK and Republic of Ireland IFRS 1021. (effective I January 20191- (Charities SORP IFRS 10211. the Financial Reporting Standard appllcable In the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. The WOW Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially reco8nlsed at historical c05t or transactlon value unless otherwlse 5tsted In the relevant acei)untlng pc41cy notelsl. The financlal statements are presented in pounds sterlln8 and rounded to the nearest pound. Ba515 of con501idation The consolldated financial statements incorporate those of Thè WOW Foundatlon and tts wholly s)wned subsidlary undertaking* TWF Trading Llmlted. on a 1Sntrby-Ilne basls. All intra-group trnnsactlons and balances are ellmlnated on consolidatlon. Income from donations and 8rdnts is recognlsed when the charity is entltled to the funds. the receipt is probable and the amount can be measured reliably. For donatlons. thls is usually on retelpt. For grants, this is usualty when a formal offer Is made In wrltln& unle55 the grant contains terms and corKIItI(ms outslde of the ¢harlty's control whlch must be met before the charity 15 entitled to the funds. Whwe grants are recelved In response to a proposal including a budgeted tirnescale. such that the required timescale for the expendlture Is Implicit in the grant agreement, the Income is recognised in accordance with that time5tale. In-kind 5UPPOrt Is recognlsed when the charity is entltled to the donated goods15ervices, the arnounl can be measured rellably, and the receipt is probable. Donated goods are measured at market value. and donated setvlces are measured based on the amount that the charity would have had to pay in the open marketto obtsin the Serv1￿5. The contribution of general volunteers is not Included. Income from charltable activities is recognlsed to the oxtent that the seNices have been supplled. Expendlture Expenditure is recoBnised when a present legal or constructive obligation exSsts at the balan￿ sheet date as a result of a past event, It Is probable that a transfer of economic benefits will be requlred to settle the obligation, and the amount can be estimated rellably. Staff costs have been allocated to expenditure headings on the basls of an estimate of the amount of tlme spent by staff members in each area. 32 DOr￿S1￿n Envdope ID: CFB38800-B3F$407&A￿EF072F7D3D5D THE WOW FOUNDATION NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MA Y2025 I ACCOUNnp4G POLICIES ¢wtlnued Support costs have been allocated to Charltable activities on the basis of direct rtaff cost& Support costs are those functions that assist the wot* of the charFty but do not dirertly relate to the charitable a¢tfvltle$. and Include governance costs. Fund 4¢countln8 Unrestrlcted funds can be used In accordance with the ¢harlty's charltable objectives at the dlscretlon of the trustees. Restricted funds can only be used for the p?rtlcular restrlrted purposes w1th5n the objects of the charlty. Restrictions arlse when specified by the donor or when funds are raised for particular re5trirted purposes. Tanglble flxed assets and depre¢latlon Tanglble flxed assets are stated at cost less depreciation. Oepreclatlon is provlded at rates calculated to write off the cost les5 estlmated reali5able value of each asset over Its expected useful life. asfollows: Office equipment 25% on the stral8ht Ilne basls Assets costlng less than £1,OC￿ are not capftallsed but are recognlsed as e¥pendlture In the Ststement of Financial ArtNities in the year incurred. Flnan¢l•l Instwments The charity only has financial instruments of a klnd that qualify a5 basic financial instruments. Short temi basic financial instruments are Inrtially recognlsed at transactlon value and subsequently measured at their settlement value. Employee beneffts The costs of short-tenn employee benellts are reco8ni5ed as a liability and an expense. The c05t of any unused hollday entitlement ts recognised in the period to which the entitlement relates. Payments to defined contrlbutlon pen￿on scheme$ a￿ charged a5 an expense as they fall due. 2 5fATUS The WQW Foundation is a charltable company Ilmited by guarantee incorporatsd In England and Wales. In the event of the company being wound UP* the Ilablllty In respect of the guarantee15 Ilmlted to £1 per member of the chadty. The addres5 of the registered office Is The HKX Bulldin& 3 Pancras Square. London NIC 4AG. DuoAlgn ID: CF838B￿.83F￿D7&￿26￿EFo72F703DSD THE WOW FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EAIDED31 MAY2025 114COME FROM I)ONAnoNS AND LEGAaES 2025 2024 Donatlons from Indlvlduals Grants from trusts and foundations Grnnts from corporate bodies Grnnts from local authoritie5 In-kind 5UPPOrt Arts Councll England 8rants 64,786 387.973 17.684 114.092 4.115 8,8CMJ 4.671 235.928 27.210 371,739 22.500 864,682 394.816 The In-klnd support relate5 to various venue hire. equipment hire and support in relation to the WOW Festival and Internatlonal Day of the Girl. consultancy on the charitys 0￿ratIng model, le8al and professlonal fees and use of premises. In the preeedln8 perlod. Income of £39.710 was restrlcted. Do¢uthJn ITr. CFB38BOLk83FW7¢•26>ET072F7WJD50 THE WOW FOUNDATION NOTES TO THE HNANCIALSTATEMENTS FOR THE YEAR ENDED 31 MAY2025 4 INCOME FROM CHARrrABiE ACTM71ES 2025 2025 2025 Wowcore WOW6knbol Partnershlp 2025 Total PartnÈrshlp project income Franchlslng and Ilcenslng Box office sales & festival income Other 87,5¢)0 87.500 50.833 65,304 5,473 50,833 65.304 5,473 70,777 50,833 87.5C(I 209,110 2024 Wowcore 2024 2024 Notlonal& Pqrtnershlp ternot'i projects e￿ftts rotal proyromme Partnership prolect income Franchlsing and Ilcen5in8 Box office Sales & fe5tlval Income Other 47,183 129.758 176.941 65,OC(J 9,394 3,482 65,000 9.394 3.482 60.059 65,000 129,758 254,817 5 INCOME FROM OTHER TRADIN6 AcfMTIES 2025 2024 Corporate partnershlp and membership Merchandise Sales 240.CKK) 4.832 362,671 1,717 244,832 364,388 35 Docu$&n ID.. CF838Bofh83F>407C428W072F7D3DSD ThE WOW FOUNDATION NOTES TO THE FINANCIALsfATEMENTS FOR THE YEAR ENDED 31 MA Y2025 EXPENDITURE ON RAISING FUNDS 2025 2024 stsff costs Development expenses Support Costs allocated 30.012 32.663 45,489 53,493 I7,￿7 58,791 108,164 129.291 EXPENDITURE ON CHARITABLE AcnvmES 2025 2025 2025 Wowcore wow61t71￿1 Natlonol & Partnershlp proqrnmme Internot'l &festlvals events 2025 Total stsff costs Direct costs Support costs allocated 186,705 90,623 282985 94.988 766 143,971 58.538 134.956 88.725 340.231 226.345 515,681 560,313 239,725 282.219 1,082,257 2024 2024 Wowwe Wow8￿ Tour 14otloftai& Partnershlp Internat'l proJe¢ts 2024 stsff costs Dlrert costs Support costs allocated 157,401 111,803 172,930 69,101 235,754 75,945 78.178 64.031 21.859 70,373 368,711 369,416 405,229 85,921 442,194 380,800 164,099 156,263 1,143.356 Chx￿lgTh Envdopo ID.. CF838BO¢M3F&407C426>E7O72F7D3D50 THE WOW FOUNDATION NOTESTO THE FINANCIALSTATEME14TS FOR THE YEAR ENDED 31 MA Y2025 EXPENDfwRE ON CHARITABLE AcnvmES (ontinued 2025 Total 2024 Total Support Costs comprise: Staff costs Consultanry on operating model Freelance consultsncy Staff training and travel Staff recruitrnent Premlses costs Llcences and Insurance Computer, telephone and webstte costs Advertisin& marketing and PR Irretoverable VAT Accountancy and payroll Depreclatlon Other expenses Governance costs.. Audit and statutory accounts preparation Le￿1 and profe55ional fees 86.947 3(K),000 2,100 3,390 950 46.620 7.394 71,814 160,000 59,300 11,692 300 46.620 39.860 8,147 14,468 19,41Y) 19.748 33.545 1.033 11,502 28.506 1.475 11,348 7,350 13,648 9,050 561,170 464,020 In the precedlng perlod, £395.696 of expenditure was pald from restricted funds. NEf INCOME/ {EXPENDmiREI 2025 2024 Net income / lexpenditurel is stated after chargingl{creditlngl: Depreclatlon Auditors, remuneratlon for audtt servlces Auditors, remuneratlon for non-audlt Services 1.033 5,300 2,050 1,475 5,100 3.950 37 t)rKu¥lgn Erw8bpe ID.. CFB38BoQ4￿￿p7c-A263￿7072F7D3D5D THE WOW FOUNDATION NOTES TO THE FINANCIAL STATEMEhrrs FOR THE YEAR ENDED31 MA Y2025 9 STAFF cosrs 2025 2024 Gross salarles Employer's National Insurance ¢ontrlbution5 Employer's pension contrfbutions 405.191 33.089 18,910 432.237 42.449 19.330 457,190 494,016 The number of employees whose total employee benef￿ excludin8 penslon contributlons earnlng over £60,(xJ). classSfied within bands of £IO.OLXI is as follows: 2025 2024 £60,000-£69.999 £70,IKX)- £79,999 £90,C￿- £99,999 Atthe balance sheet date penslon contrlbutlons unpald arnounted to £1.00612024.' £5421. The average number of employees on a headcount basls durfng the year was 1012024.. 121. 38 Envew D.. ¢FB38B￿B3Fg4D7c-th￿E707?F7D3D￿I THE WOW FOUNDATION NOTES TO THE FINANCIALSTATEMEtirs FOR THE YEAR EAIDED 31 MAY2025 10 TANGIBLE FIXED ASSET5 Office equlpment Total Group and ¢harity Brought forward at l June 2024 5,898 5,898 Carrled forward at 31 May 2025 5,898 5,898 Deprfflatlon Brought forward at l June 2024 Charged for the year 4,865 1,033 4,865 1.033 Carrled forward at 31 May 2025 5,898 5,898 Net book value At 31 May 2025 At 31 May 2024 1.033 1.033 11 INVESTMENrs The charlty has an Investment of £112024,. £11, being a holdin8 of 100% of the ordinary share capital In ThVF Tradln8 Llmited, Its tradlng subsidlary. TWF Trading Llmited Is a company limited by Share capital re8lstered In England and Wales with number 14162738. The registered office 15 the same as the parent entsty. Its principal actlvlty Is the generation of wrporate sponsorship. The financlal result of the subsldlary for the year was.. Expendlture qnd tax Profft/ f1055J Netossets TWF Trading ￿rnited 160.0 19,0311 150.969 150.970 39 DrKu¥i9n Envekg8 ID.. CFB38BOW￿4O7￿A26&E7O7ZF7D3D5D THE WOW FOUNDATION NOTES TO THE FINANCIAI STATEMENTS FOR THE YEAR ENDED 31 MA Y202S 12 DEBTORS 2025 Group 2025 Chqrlty 2024 Group 2024 Chor Trade debtors Prepayments and accrued Income Other debtors Tax and Social securlty 219,556 76,520 249 39,556 76,520 249 1.038 50,720 160,924 249 5.820 50,720 98,424 249 5,820 296.325 117,363 217.713 155,213 13 CREDrroRS: AMOUNT5 FAWN6 DUE wmiiN ONE YEAR 2025 Charhy 2024 Group 20Z4 Chollty Gmup Trade credltors Amounts owed to group undertaklngs Accruals and deferred income Tax and social securtty Qther credltors 38.384 38.384 92.310 218.965 8,278 4,998 43.883 43,883 308,315 39.230 4.998 83350 12,4SI 11,874 81.650 12,451 11.874 390,927 362.935 151,558 149,859 The Movement on deferred Income is as follows: 2025 2024 Gr￿P and charfty Balance at ljune 2024 Released to Income Received In the year and deferred io.oth) I lo,￿0) 269,623 87,5¢XJ 187.5001 10,000 Balance at 31 May 2025 269,623 io,c4)0 The deferred income relates to grants and franchlse fees Involced In advance. 40 Docuuiyn Emlope ID.. CFB38BC￿-83F￿7¢-h￿E7o72F1o2o THE WOW FOUNDATION 140TESTO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 M4Y2025 14 MOVEMENT ON FUNDS CURREIU YEAR Brouqht Qlnled Restricted funds The BigGive- Day ofthe Girl 2023 The Bi8 Give-WOWat 15 & REIGN Commlsslon Arts Coundl. WOW at 15 & REIGN Commission Bloomberg Dlgltsl Accelerator Programme Paul Hamlyn Julia & Hans Rausin8- WOW at 15 & REIGN Comm15slon CHK Foundatlon British Council AHRC / FAYB Equimundo L587 11.5871 19,604 119,6041 25.0 122.5001 1500 125,OtM) 156.2711 68.729 20,000 20,LMXI 113,CQOI i 10.0001 io.crfJo 15.0 3,889 78,185 115.113 (7,51JO} 7,500 3.889 64.881 16.051 { 13.3041 199.0621 1,587 421,791 1242.8281 180,550 Unrestrlctedfvnds General fund Tradlng subsldiary furMI 87,299 736.833 160.ODO 1938.562} 19,0311 60.800 160.8001 153,6301 150.969 148.099 896,833 1947,5931 97,339 Total fund5 149,686 1.318,624 11,190.4211 277,889 41 Dth*n Erwew D.. cFB38B(A￿3F94D7￿A26￿ETO72F7D3DsD THE WOW FOUNDATION NOTESTO THE FINANCIAL STATEMErirs FOR THE YEAR ENDED 32 MA Y2025 14 MOVEMENT ON FUNDS continu•d PRIOR YEAR Brought Income Expenditur Trnn¥ers Restrfctad lunds Brftish Council Lambeth Borough Coundl- Elevate The Big Give BBC Chlldren In Need Arts Councll- WOW Girls Festival on Tour 42,611 142,6111 12,5001 2,5 29,290 285.672 10.000 137,7031 1285.6721 127.2101 1,587 27.210 357.573 39,710 (395,6961 1,587 Unre5trfcted Iwds General fund Tradin8 subsldlary fund 40.087 922.463 62,500 { 875.2511 I1,7(￿$) 87,299 60,800 40,087 984.963 1876.9511 148,099 Totsl fund$ 397,660 1,024,673 11,272,647) 149,686 Arts Council England This fundlng was re￿tVed In relatlon to WOW Glrls Festival on Tour. Brltlsh C¢uThcll Fundlng was recelved for the WOW Leadershlp Academy Programme. BBC Chlldren In Need This fund was to create a network of girls and young women and cornplle a dlgital lendlng Ilbrary of resources. iambeth Bor￿￿h Councll. Elevate Funding has been recelved for the WOWsers= Creative Careers - Festival makers, as part of the ELEVATE Nelghbourhoods project. 42 Do¢u8hJn Envekp810: CF838B(1>83FHD7GA263.E7072FTD30SD THE WOW FOUNDATION NOTES TO THE FINANaAL STATEMEf4TS FOR 711E YEAR EIIDED 31 MA Y202S 14 MOVEMENT ON FUNDS contlnued The Blg Glve & Match Funding has been received as part of the Women & Glrls Match Fund. This was In relation to the Letters For Change Anthology project. The Big Give- WOW at 15 & REIGN Commission Fundlng has been received as part of the WOW at 15 & REIGN Commission fund. This was In relation to campalgn for a young peoples producer. Arts Council- WOW at 15 & REIGN Commlsslon Funding has been received as part of the WOW at 15 & REIGN Commission fund. Thi5 was In relation to the Women of the World Community Choirs Commlsslon. Oloofflber8 Dl8ltal Acceleratar Pwramme Funding ha5 been received as part of support the Dlgltal Accelerator Programme. This was in relation to help arts or8ani5ations invest in 5trateglc Improvements to thelr technolo8y infrastructure. Paul HaTh Fundlng has been received as part of support of the Internatlonal Violence Against Women and Glds Conferen￿. Julla & Hans R•usln8-WOW at 15 & REIGN Cornm1551on Fundirbg ha5 been recelved as part of the WOW at 15 & REIGN Commlsslon fund. Thls was In relation to the Women of the World Festival marklng 15 year AnnIVer￿ry, CHK Foundation Funding has been received forthe WE Expedition. British c￿n[lI Fundlng has been received for the WOW DiBital Curation and Learnln8 Pro$ramme across South Asia. AHRC I FAYB Funding has been received for the resÈar¢h project.. Developlng Innovatlve Art￿baSed Approaches To Prevent Gender-ba5ed Vlolence Through Feminlst Activlsm Among Youth In The Favelas Of 8ra211. Equirnundo Funding has been re¢eNed forthe Mencare Global ChangemakeTS Summit. tIocusi9n Enwbp ID.. ¢FB38B￿￿3F94D7￿2fi>E7o72F7D3D6Q THE WOW FOUNDATION NOTESTO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 MA Y2025 15 ANALY51S OF NET ASSETS BMVEEN FUNDS Unrestrlrted Restrlrted Totolfvnds fvnds fvnds CURRENT YEAR Fixed a55ets Net current assets 97,339 180,550 277,889 97,339 180,550 277,889 PRIOR YEAR Fixed assets Net current assets 1.033 147.066 1,033 148,653 1.587 148.09Y 1,587 149,686 16 RELATED PARTYTRANSAcfioNS The key management personnel are considered to be the trustees. the Founder Director, Chief E¥e¢utlve Officer and the 0Srector of Festivals & Programmes. Durlng the year. two trustees were relmbursed fortravel costs £49212024: £NIII Trustee donations received by the charfty without condltlons attached In aggre8ate totalled £6.00012024: £13.9381. The tirtal amount of empbyee benefit5 lincludin8 employerfs pension contrib￿lon$) received by kev management personnel during the year was £203.83312024'. £247.3141. The parent charity holds and manages the cash funds of its wholly owned trading subsldlary, TWF Tradlng Llmlted, whlch does not operate Its own bank account. All cash transactlons relating to the subsldiary are processed through the parent charity's bank attount. The 5ubsldlarfs Income and expendlture are fully reflected In Note 11 to the finanelal statements. Amounts due to the subsldlary are dlsclosed In Note 13, representlng funds held by the parent charlty on behalf of the 5ubsldlary. As the parent chadty acts In an agency capaclty wlth respect to these funds, they are not recognised as income In the charlvs Statement of Financial Activities.