2021-03-31-accounts - Photoworks

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Trustees			Mr R SBurton
			Mr A J Simpkin
			Mr D Knaus
			Mr P Drewitt
			Ms MAllende
			Mr C Condron
			Mrs LH Momodu-Gordon		(Appointed	26 May 2021)
			Ms M C McVeigh		(Appointed	20 July 2021)
Executive	and Artistic Director		Ms SMavlian
Secretary			Ms SMavlian
Charity number			1053208
Company	number		03043169
Principal	address		28 Kensington	Street
			Brighton
			East Sussex
			BN1 4AJ
Independent		examiner	S.R.A. Holmes	FCA
			Victor Boorman	k, Co
			Europa House
			Goldstone Villas
			Hove
			East Sussex
			BN3 3RQ

				Page
Trustees' report				1-8
Statement of	trustees'	responsibilities
Independent	examiner's		report	10
Statement of	financial		activities
Balance sheet				12
Statement of	cash flows			13
Notes to the accounts				14-25

Achievements against objectives set	Achievements against objectives set
Plans for 2020/21	Actuals
Talent Development
Present the	Due to covid, both venues remained closed,		and the tour exhibitions had to be
Jerwood/	postponed to 2021/22.
Photoworks Awards
tour exhibition in
Belfast and
Glasgow
Support emerging	We selected an artist to spend 5 months	at Wigwell Lodge as part			ofthe
talent through The	second iteration ofThe Ampersand Foundation / Photoworks Residency; we
Ampersand	released 5 issues ofPhotography+ featuring		the work	of50 artists	including	12
Foundation	recent graduates as part ofour inaugural	Photography+ Graduate			Issue; and
Residency,	invited 39artists to take over the Photoworks'		instagram account		for aweek
Photography+ and	each, that is 3 more than the previous year.
Instagram
Deliver portfolio	- 2 portfolio reviews sessions supposing	18	artists at	events in Derby and London
reviews and	- 3 mentoring sessions
mentorship sessions
Continue the	We coordinated the second edition ofThe Ampersand			Foundation	/ Photoworks
collaboration with the	residency. It was awarded to M6nica Alcazar-Duarte			from February —June, a 5-
Ampersand Foundation	month period.
Launched the	At the end of2020/21 we launched the	open	call for	anew development
Ampersand Fellowship	opportunity, the Ampersand/Photoworks	Fellowship.		Aimed at artists with more
with the support ofThe	than 10years ofexperience, it provides	af15,000 bursary to complete a new
Ampersand Foundation	body ofwork, mentorship opportunities,	and	atouring exhibition.
Writer-in-residence	We continued the opportunity for awriter-in-residence			to contribute with 5
	atticles to our online magazine Photography+		during	2020/21,

Creation ofnew work	Creation ofnew work
Produce and		We commissioned 19new works including:
commission work for		- We produced the work of10aitists for the Photoworks Festival in a box and
the Photoworks		commissioned 1 new work by Lotte Andersen.
Festival, Festive		- We commissioned 5 new texts for the Photoworks Festival in abox
Commission,		- We created the second Festive Digital oppoitunity and commissioned Zhidang
		Zhong to create a digital seasonal greeting card
		- We selected our second writer-in-residence opportunity and commissioned
		Tshepiso Mabula to write 5 essays for our online magazine Photography+ during
		2020/21
		- We commissioned 7photographers/curators/writers commissioned to create	a
		suite ofteaching resources
Continue partnership		We created the project gueer Heritage Wow project. A group of self-identified
with Queer in Brighton		queer individuals, met fortnightly and develop work for the Photoworks Festival-
		included in the festival box, online and as part ofthe festival events programme.
Diversity, reach and engagement
Further consolidate	the	Our programming continued to address awide range ofsubjects and themes
impact ofour work	in	including LGBTQ+, POC, socio-economic, health/wellbeing and disability. 40%
formal education		or the artists featured across our programmes was Black or POC.
through the University
ofBrighton partnership
Develop new		We co-presented with Liverpool Biennial the work ofthe north American artist
partnerships to extend		Xaviera Simmons, and a co-commission with the Ballarat International Foto
our reach nationally		Biennale anew body ofwork by the French Alix Marie and participated in
and internationally		poitfolio reviews in London and Derby developing this way new partnerships	and
		extending our reach nationally and internationally.
Continue to grow our		Photoworks' digital presence continued to grow during the 2020/21. Our
digital channels		Facebook following grew by 2,2%,Twitter by 1.9%and Instagram by 12.2%
including Photography		102k —more than 12kmore followers than the previous year —from more than 30
+		different countries.
Rebrand and web		We completed our rebrand and web redevelopment project and was launched	in
redevelopment project		June 2020.In the first year our website saw a99,31%increase in page views.

Children and young people (CYP)	Children and young people (CYP)	Children and young people (CYP)	Children and young people (CYP)
Continue to offer CYP			We supported 14participants to successfully gain a Bronze Arts Awards (AA)
opportunities			plus 8Discover Awards,
programme	through
Arts Award	and
Photography	Club
Deliver aprogramme			We organised 5 photography clubs throughout the year, one less than the previous
ofCYP activities			year, addressed to young people with protected characteristics (socio-economic/
including Photography			LGBTQ+), engaging nearly 600 CYP. 1ofthem were addressed to LGBTQ+
Club and schools			young people; another two were in collaboration with the University ofBrighton;
engagement			another one was in collaboration with Culture Shift partnership for anew
			photography club Sussex Recovery College; the fifth one was in paitnership	with
			Council for British Archaeology, an artist led photography training for adult
			leaders.
Further research and			Although covid has had an impact on the pace ofdeveloping the national digital
develop national digital			schools' resource for photography, we have now completed the wireframe and
schools resource for			build on Photoworks' website is now underway.
photography	model and
secure national cultural
and strategic partners
Leadership,	diversity,
skiUs development
progress
Staffing			Despite covid, we continued an ongoing programme that enabled us to maintain
			all the staff in work during the pandemic.
Ensure professional			Some individuals also took advantage ofthe extensive training offer online during
development			the pandemic to upgrade their skills in the History ofPhotography.
opportunity	for all staff
throughout	the year
Strengthen	governance		Aregistered charity since 1995,Photoworks is supported by astrong governance
and Board diversity		by	structure that meets quarterly. The board is responsible for fiduciary matters
recruiting new trustees			including protecting public interest, fulfilling legal obligations, maintaining
			financial overview and managing risk. They have a duty ofcare including
			compliance and safeguarding responsibilities. They are responsible for strategic
			guidance and holding the executive to account on progress oforganisational
			objectives. We work closely with our trustees' extensive networks to gain deeper
			impact for our work in its creation and dissemination particularly artistically	and
			digitally.
			The board includes high profile and active artists. Finance and fundraising
			subcommittees support the executive with financial reporting, budgeting and
			fundraising strategies respectively.
			Photoworks has an iterative equalities plan with adiversity champion trustee.	Our
			programme has a strategic focus on the protected characteristics ofsexual
			orientation and gender, in paiticular LGBTQ+ groups. We also deliver targeted
			programmes for people facing socio-economic barriers to arts engagement.

				Unrestricted	Designated	Restricted	Total	Total
				funds	funds	funds
				2021	2021	2021	2021	2020
			Notes
Income from:
Voluntary income				345,898			345,898	331,403
Charitable activities				35,179		145,193	180,372	166,684
Investments				611			611	845
Total income				381,688		145,193	526,881	498,932
Raising funds				17,036			17,045	23,870
Charitable activities				319,208		40,056	359,264	395,804
Total resources expended				336,244		40,065	376,309	419,674
Net incoming	resources	before transfers		45,444		105,128	150,572	79,258
Gross transfers	between	funds		(38,982)	38,982
Net income for the year/
Net movement	in fnnds			6,462	38,982	105,128	150,572	79,258
Fund balances	at 1 April	2020		126,490	124,965	73,828	325,283	246,026
Fund balances	at 31March 2021			132,952	163,947	178,956	475,855	325,284

					2021		2020
				Notes
Fixed assets
Tangible assets				10		5,329		130
Current assets
Stocks				11	2,924		5,766
Debtors				12	83,163		16,303
Cash at bank and in		hand			416,785		327,021
					502,872		349,090
Creditors:	amounts	falling due within	one
year				13	(32,346)		(23,936)
Net current	assets					470,526		325,154
Total assets	less current liabilities					475,855		325,284
Income funds
Restricted funds				14		178,956		73,829
Unrestricted	funds
Designated	funds			15	163,947		124,965
General unrestricted		funds			132,952		126,456
						296,899		251,421
						475,855		325,284

					2021
				Notes
Cash flows from operating		activities
Cash generated from operations				18		97,147		48,365
Investing	activities
Purchase	oftangible fixed assets				(7,994)
Investment	income received				611		845
Net cash	(used in)/generated		from investing
activities						(7,383)		845
Net cash	used in financing	activities
Net increase in cash and cash			equivalents			89,764		49,210
Cash and	cash equivalents at	beginning ofyear				327,021		277,811
Cash and	cash equivalents	at	end ofyear			416,785		327,021

		2021	2020
Donations and gills		16,432	49,088
Grants receivable for core activities		323,253	268,315
Donated goods and services		6,213	14,000
		345,898	331,403
Donations and gifts
Individual donations		16,432	49,088
Grants receivable for core activities
Arts Council ofEngland core funding		273,253	268,315
Arts Council ofEngland coronavirus	recovery grant	50,000
		323,253	268,315

				Grants	Sales ofbooks	Other events	Total	Total
				received for	and	and projects	2021	2020
				specific	magazines	income
				projects
Sales within	charitable		activities		27,276	7,903	35,179	33,973
Performance	related	grants		145,193			145,193	132,711
				145,193	27,276	7,903	180,372	166,684
Analysis by	fund
Unrestricted	funds				27,276	7,903	35,179
Restricted funds				145,193			145,193
				145,193	27,276	7,903	180,372
For the year	ended	31March 2020
Unrestricted	funds				15,775	18,198		33,973
Restricted funds				132,711				132,711
				132,711	15,775	18,198		166,684
Performance	related grants
Jerwood/Photoworks		Awards		2,000			2,000	10,000
Connect the	3Ts			545			545	5,740
Explorers				2,250			2,250	16,200
The Queer Project				2,000			2,000
All Sorts/BHCC 2020				4,900			4,900
Ampersand				20,000			20,000
Historic England				90,333			90,333
CBA				3,150			3,150
English Heritage				20,015			20,015
Other								100,771
				145,193			145,193	132,711

				Unrestricted	Restricted	Total	Total
				funds	funds	2021	2020
Costs of enera in		volunt	income
Other fundraising		costs		7,055		7,055	9,198
Staff costs				9,431		9,431	14,600
Depreciation	and impairment			550		559	72
				17,036		17,045	23,870
For the year	ended 31March		2020
Costs ofgenerating		voluntary	income	23,867			23,870

Promotin	hoto a h ractices
		Activities	Support costs	Governance	Total	2020
		undertaken		costs
		directly
Staffcosts		98,041	37,723	2,000	137,764	163,885
Depreciation	and impairment		2,236		2,236	289
Other costs		182,065	30,694	6,505	219,264	231,630
		280,106	70,653	8,505	359,264	395,804
Analysis by	fund
Unrestricted	funds	240,087	70,616	8,505	319,208
Restricted funds		40,019	37		40,056
		280,106	70,653	8,505	359,264
For the year	ended 31March 2020
Unrestricted	funds	179,704	95,480	8,725		283,909
Restricted funds		111,883	12			111,895
		291,587	95,492	8,725		395,804

Support and	governance
		Support costs	Governance	2021	2020	Basis ofallocation
			costs
Staff costs		37,723	2,000	39,723	60,400	Split directors salary
Depreciation		2,236		2,236	289	Support
Office rent		9,953		9,953	11,200	Support
Storage costs		314		314	75	Support
Insurance		1,801		1,801	1,844	Support
Office move	costs	1,990		1,990		Support
Printing, postage and stationery		1,966		1,966	2,357	Suppoit
Travel		214		214	4,506	Support
Marketing costs		6,455		6,455	10,516	Support
Recitutment	costs	918		918	1,247	Support
Bank charges		1,048		1,048	798	Support
Sundial expenses		413		413	1,202	Support
Stafftraining		465		465	1,196	Support
Website		3,226		3,226	1,566	Suppoit
Computer costs		1,931		1,931	296	Support
Bookkeeping			2,242	2,242	2,480	Governance
Board expenses			63	63	45	Governance
Accountancy			4,200	4,200	4,200	Governance
		70,653	8,505	79,158	104,217
Analysed between
Charitable activities		70,653	8,505	79,158	104,217

		2021	2020
		Number	Number
Employment	costs	2021	2020
Wages and salaries		136,080	163,892
Social security	costs	8,147	11,495
Other pension	costs	2,968	3,098
		147,195	178,485

10	Tangible fixe	d assets
				Computer	Fixtures,	Total
				equipment	fittings &
					equipment
	Cost
	At 1 April 2020			19,280	7,136	26,416
	Additions			7,994		7,994
	Disposals			(11,073)	(3,470)	(14,543)
	At 31March	2021		16,201	3,666	19,867
	Depreciation	and impairment
	At 1 April 2020			19,280	7,006	26,286
	Depreciation	charged	in the year	2,665	130	2,795
	Eliminated in	respect	ofdisposals	(11,073)	(3,470)	(14,543)
	At 31March	2021		10,872	3,666	14,538
	Carrying amount
	At 31March	2021		5,329		5,329
	At 31March	2020			130	130
11	Stocks
					2021	2020
	Finished good	s and g	oods for resale		2,924	5,766

12	Debtors
					2021	2020
	Amounts falling due		within	one year:	K
	Trade debtors				2,100	8,458
	Accrued income				77,535	7,845
	P repayments				3,528
					83,163	16,303
13	Creditors: amounts		falling	due within one year
					2021	2020
	Other taxation	and social security			683	792
	Trade creditors				4,457	2,440
	Other creditors				1,423	1,556
	Accruals				25,783	19,148
					32,346	23,936

				Movement	in funds
			Balance at	Income	Expenditure	Balance at
			1April 2020			31March 2021
			K		K
ACE assets			46		(46)
Jerwood/Photoworks		Awards	9,000	2,000	(5,693)	5,307
ACE - Catalyst			44,615		(2,160)	42,455
BMAG Photo Club			731		(731)
Connect the 3Ts			396	545	(941)
Sussex Community	Foundation		180		(180)
Explorers			1,993	2,250		4,243
Chalk Cliff Trust			5,000			5,000
Rampion Fund			559		(559)
Souter Trust			2,000		(798)	1,202
Saturday Photography		Club	3,160		(3,160)
Fidelity - LGBTQ			1,500			1,500
CAF America			4,648		(4,648)
The Queer Project				2,000	(2,000)
All Sorts/BHCC 2020				4,900	(2,080)	2,820
Ampersand Fellowship				20,000	(650)	19,350
Historic England				90,333		90,333
CBA				3,150	(900)	2,250
English Heritage				20,015	(15,519)	4,496
			73,828	145,193	(40,065)	178,956

											Balance at	Transfers	Balance at
											1April 2020	31	March 2021
Brighton Photo Biennial											44,959	37,272	82,231
Photoworks Annual											21,613	(21,613)
Learning &Participation	Projects		—Individual			Giving					13l	(131)
Programme Activity Funded by		Individual			Giving						50,217	417	50,634
Digital Programme											154	(154)
Marketing											6,595	(94)	6,501
Learning &Participation	Projects		- Core								1,296	2,285	3,581
Festival 22 Commissions												9,000	9,000
CRM												5,000	5,000
Finance Upgrade												2,000	2,000
PR												5,000	5,000
											124,965	38,982	163,947
Analysis ofnet assets between		funds
						Unrestricted				Designated	Restricted	Total	Total
									funds	funds	funds
									2021	2021	2021	2021	2020
Fund balances at 31March 2021			are
represented by:
Tangible assets									5,329			5,329	130
Current assets/(liabilities)								127,623		163,947	178,956	470,526	325,154
								132,952		163,947	178,956	475,855	325,284
Related party transactions
Remuneration ofkey inanagement				personnel
The remuneration ofkey	management			personnel			is	as	follows.
												2021	2020
Aggregate compensation												49,154	75,000

Cash generated from	operations	operations		2021	2020
Surplus for the year				150,572	79,258
Adjustments for:
Investment income recognised		in statement offinancial	activities	(611)	(845)
Depreciation and impahment		oftangible fixed assets		2,795	361
Movements in working	capital:
Decrease in stocks				2,842	3,148
(Increase)/decrease in	debtors			(66,860)	13,296
Increase/(decrease) in	creditors			8,411	(40,915)
(Decrease) in deferred	income				(5,938)
Cash generated from	operations			97,149	48,365