WAC ARTS
Registered charity 267043 · accounts filings on the Charity Commission register · also known as INTERCHANGE TRUST, WAC
Wac Arts is a multifunctional charity comprising a number of departments:WAC- provides access to the performing arts for the young, the disabled and disadvantagedCentre - room lettings
Causes: General Charitable Purposes · Education/training · Disability · Arts/culture/heritage/science · website · Get email alerts
Financial health, per its FY2025 accounts
The accounts state that the charity achieved a £49k surplus on unrestricted funds, improving its unrestricted reserves to £480k. However, free reserves (unrestricted funds less fixed assets) were only £11k, significantly below the stated policy target of three months' running costs (approximately £323k). The charity maintains a cash balance of £597k, supported by a CBILS loan, to manage its interim cash targets while working towards building reserves.
Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Employees paid over £60,000: 1
“One employee received more than £60,000 (in the band £100k-£110k) during the year (2024 – one employee received more than £60,000 (£90k-£1000k)).” — page 24
Per its FY2025 accounts as filed with the Charity Commission.
Largest income source: Charitable activities (64% of income)
“Income from charitable activities included £1,162k (2024: £1,157k) from room hires and tenants, and £440k from the Short Breaks contract with Camden Council”
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: three months’ running costs (approximately £323k) (held: £480k)
“Wac Arts is committed to a phased building of reserves to a level equivalent to three months’ running costs (approximately £323k, based on non-programme activity).” — page 10
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Hamden Trust is a sister charity with trustees in common. The document discloses a non-current asset of £11,481 as an amount due from The Hamden Trust.
“The non-current asset of £11,481 (2024: £4,200) relates to amounts due from Hamden Trust.” — page 27
Per its FY2025 accounts as filed with the Charity Commission.
Accounts audited by Knox Cropper LLP. Discloses 5 of 6 completeness components.
Public fundraising profile: JustGiving — Wac Arts (matched by registered charity number).
Leadership, per the charity’s website
- Bhuvan Sharma — Chief Executive (source)
Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.
Public profiles (found on the charity’s own website): facebook · instagram
Structured financials (annual return, FY ending 30/09/2025)
Reported reserves equal ~0.1 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).
Per its annual return, largest income source: Charitable activities (88% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.
Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (5.2%) (benchmarks).
Register events
- Received assets from another charity (15/08/2024) — per the register’s event history; asset transfers typically record mergers or reorganisations.
- Received assets from another charity (15/08/2024) — per the register’s event history; asset transfers typically record mergers or reorganisations.
Trustee list from the Charity Commission register (current, not historical).
Operates in: Throughout London
Income and spending
Common questions
Is WAC ARTS financially healthy?
Per its FY2025 accounts: The accounts state that the charity achieved a £49k surplus on unrestricted funds, improving its unrestricted reserves to £480k. However, free reserves (unrestricted funds less fixed assets) were only £11k, significantly below the stated policy target of three months' running costs (approximately £323k). The charity maintains a cash balance of £597k, supported by a CBILS loan, to manage its interim cash targets while working towards building reserves. Its FY2025 accounts were audited by Knox Cropper LLP.
Who funds WAC ARTS?
Funders whose own accounts filings name WAC ARTS as a grant recipient include JOHN LYON'S CHARITY, THE TUIXEN FOUNDATION, THE HAMPSTEAD WELLS AND CAMPDEN TRUST, THE CHILDHOOD TRUST, THE CHARLOTTE BONHAM-CARTER CHARITABLE TRUST.
Known funders
Grants to this charity found in funders’ own accounts filings.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with WYSING ARTS CHARITY.
Side by side with its peers
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.