The World Transformed is an independent organisation. We only accept grants from organisations whose goals and values are aligned with our own, and none of our funders have any role in our governance structure. That means we are able to remain politically autonomous; bridging the parliamentary and extra-parliamentary left, and creating space for the wider radical movement and policy makers to meet and share ideas. Each year, we aim to sign up more people to our Supporters Network with a monthly donation of £5, so we can become less reliant on grants.
Our biggest expenditure over the course of 2020 was our staff team. That currently stands at three year-round, full-time members of staff, paid London Living Wage, and six seasonal staff members over the course of the festival - also paid London Living Wage. TWT is still run predominantly by volunteers, with over 100 people helping us out voluntarily over the course of the year. We hope as our organisation grows to be able to pay more people for their labour.
TWT is a non-profit organisation with no shareholders. The small surplus we made this year will be reinvested into expanding our work in 2021.