Charity rtgistration number 1053208 Comp*Dy registration number 03043169 (EnglAnd and Wales) PHOTOWORKS AIYNUAL REPORT AND UNAUDrrED FINANCIAL STATEMEiYrs FOR THE YEAR ENDED 31 MARCH 2024
PHOTOWORKS LEGAL AND ADMINISlllATIVE INFORMATION Trnst¢es R S Burton A J Simpkin P Drewitt MAllend¢ M C Mcveigh N E R Caruana S Esler Patel MA Holland HNStCyr (Appointed 31 December 2023) (Appointed 9 September 2024) Executive #nd Artistic Director L Fedotov-Cl¢ments Seeretary Jmmay Charity Dumber 1053208 Comp*ny number 03043169 Principal addres5 28 K¢nsington Stre¢t Brighton East Sussex BNI 4AJ Indepedent examiller S RAHolmes FCA Wictor Boornian & Co Europa House Goldstone Vill&% Hove East Sussex BN3 3RQ
PHOTOWORKS cowrENTS P4ge Trustecs, rcrx>rt Statement of trustees, responsibilities Independent examinees rert 12 Statement of financi adivities 13 Balance sheel 14 Siatement of flows 15 Notes to the accounts 16-24
PHOTOWORKS TRUSTEES, REPORT ONCLUDING DIREcfoRS' REPORT) FOR THE YEAR ENDED 31 MARCH2024 The trustees present their annual report and financial statements for the year ended 31 March 2024. The financial sialctncnts have been prepared in accordance with the accounting policies scl out in note I lo the financial statements and comply with the charity's governing document. Ihe Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practicc applicable to charities preparing thcir accounts in accordance with the Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods cotnmencing from l January 2016). Objeetives %nd %ctiviti Photoworks is a charity that works across the UK to promot¢ and deyelop contemporary photography. We do this by supporting artisls to make new work. by producing and curdting exhibitions and events thal can be enjoyed by a widc audience. and by publishing writing aEK)Ut photography Ix)th An print and onlin¢. Much of what wc do is free to access and enjoy. Learning and engagcment is at the centre of what we do. Our award-wirtning learning programmcs are aimed to break down barriers and invite everyone to participal¢- regardless of their background or ability. Photoworks values Inclusivity.. We strive to be a¢c¢ssible both online and in reaI life. W¢ are open to all, and everyone is welcome. Opportunity: We share our knowledg¢ lo insptre others and believe th everyone should have the opportunity to engage with photography. Responsibility.. We lake our roles Serioly. We care about everyone we work with and about the enviromnents in which we create and operat¢. Transparency.. We're honest and open and we believe in a better, fairer sector for everyonc. Partnership: Working with othcrs to create, facilitate and advocate for photography is at the cor¢ of what we do. Photoworks aims: Provide an infomied and creative environment in which artists can create high-quality new work Foster critical thinking and debate in photography and visual Culturc at a national and international level. arkd position Photoworks as a collaborative, convcrsant and outward-facing organisation Embrace and leverdgc global changes in the production. distribution and wnsumption of photography and photographic culture Deliver an innovalive and iniegrated programme of multi-platforni a¢tivity for a range of artists and audi¢n¢es Cultivate cultural partnerships to extend ow impa¢t We have referred to the guidncc contained in the Charity Commission's gcnerdl guidance on public benefit whcn reviewing our aims and objectives and in planning our future actii'ities. In parti¢u]ar. the trustees Co81der how planned activities will contribute to the ainis and objectives they have s¢t. Summary of min 4ctivities Ampersand Foundation I Photoworks Residency Ampcrsand I Photoworks Fellowship l (Johny Pitts, Home is no¢ a Place) Ampersand I Photowork3 Fcllowship 2 (Felicity Hammond) English Heritage Partnership (Freedom & Photographyj Focal Point) Explorers / In Focus Fleelwood HAZ Cultural Consortium Commission Instagram takeovers JcrwoodlPhotoworks Awards Laia Abril. A History of Misogyny, Chapter two: On Rape and ItItutiOnal Failure National Schools ResouKe INSR) Picturing High Streets (with Historic England) Photography+ Photography Clubs Photography Champions Pholoworks Digital Residency Photoworks Summit Photoworks Atmuai 30.. THE THfNG Photoworks Fcstival.. From LiltleAcorng... (F¢stivaI in 8 Box) RISK at RAW Photo Triennial Worpswede The Power lo Pwiish (working title)- Mahtab Hussain
PHOTOWORKS TRUSTEES, REPORT UNCLUDIIYG DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Photoworks is committed lo supporting artists at different stages in their careers. In ihat spiril wc run a series of funding opportunities throughout the year. such as the Jerw(K>dlPhotoworks Awar the Amp¢rsandlPhotoworks Fellowshipj Photography+ Writer-in-SdenCe, and Fe5tivc Digital Cotnmission. A¢hievements and perform4nce Talent development The JerwoodlPhotoworks Awards (JPA), in partnership with Jenyood Arts continued during 2022-23, with n¢w commissioning of JPA4 continuing. culminating in the presentation of the opening exhibition and subsequent tour. The JeNTooilTrhotoworks Awards (JPA) grdDls two artists a bursary of £IOk, a production budget of £5k and in-kind printing from print partner Sp¢¢tnun of £5k. The artists reccived mentoring and d¢v¢lop¢d the JPA4 exhibition 2021-2022. The fourth edition of JPA continued to tour> presenting at Belfast Exposed 6 April- 20 May 2024. Negotiations for a second tour I0¢10n continue. The Arts Council Collection has acquired Heather Agyewng's JPA4 piece 'The O daughter, from her scries ego d¢aÉh, resulting in eam¢d income for Photoworks and the artisL Photoworks ¢ontinues to support the artists in encouraging to apply lo further Op)rtUnItIeS in writing rccommendation letters or preparing for exhibitions. Heather and ego death exhibited at the National Gallery as part of th¢ Taylor Wessing Prize. Heathcr Agyepong's worfc D is For... from thc serics ego death has becn shortlist¢d for the Aesthetica Art Prizc 2024. It ivill be exhibited at York Art Gallery from February 16 to April 21. Heather received all of her works back to her studio, as we decidcd nol to pursu¢ touring opy)rtunities. Joanne Coates, work w&8 acquired by the Government Arts Collection in January 2024. Joanne will exhibit her series at Photo Frome in October 2024. the opening of the exhibition will bc October 4. We secured financial support for a fifth edition, with Streetlevel Photoworks in Glasgow, Barnsley Civic, and Ffotog8ll¢ryp in Cardiff as touring partners in 2026. In 2023124 we continued to tour the inaugural cxhibiiion from th¢ Ampersandl Photoworks Fellowship. Supw)rted by The Ampersand Foundatio this is a new opportunity for a mid-career artist to complete and cxhibit a new body of work in 2021-2022. It aims to enable and nurtur¢ the creation of new work through a combination of supwrt including a £15,000 award. mentoring and curdtorial supporL a dcdicaied public programme and digital content with international rwh. production budget and touring exhibition. Johny Pitts was selected as the recipient of the inaugural AmperSandhot0wOrks. Pholoworks and Ampersand opened a 11 for the s¢cond AmpersandlPhotoworks Fellowship. Th¢ open call received nearly 260 applications from UK-bas¢d artisls. The pre-selcctors included Pacheanne Anderson. freelance Curator. Danil Ariel, Assistant Curator. Pholoworks and Julia Bunncmann, Curator. Photoworks. The international selection pancl included Julia Bunnemann, Curator. Photowork5' Shoalr Mavlian. Dire¢tor. The Photographers Gallcry" Johny Pitts. artist and first r¢cipient of the fellowshipj Eli5ab¢th shernIa Director of Exhibitions and Senior Curator at ICP New York and Flor Souto, Director, The Ampcrsand Foundation. Felicity Hammond was selected and announced, and bcgan the process of mentorshtp and suptK>rt to develop a new body of worK ¢xploring how digital photogrdphic material Mak its journey from mineral to pixel. from the subsurfa¢¢ to th¢ screen. Felicity's new work Variations ivill invcstigatc Jnining photography and the relationship between thc photographic medium and tour to QUAD (Derby). The Photographers, Gall¢ry (London), and Stills (Edinburgh). For thc fourth year, we collaborated with The Atnpcrsand Foundation in the AmpersandlPhotoworks Residency, a 5-month live-in r¢sid¢ncy that enables artists to producc ncw iyork. revisit exisling projects. and have time to crcatc. Artist Matthew Arthur Williams w&8 the fourth rcsident of Wigwell Lodg¢ in Derbyshire. Born in tA>ndon Èn 1989 and based in Glasgow, Matthew Arthur Williams is a multidisciplinary artist, photographer and DJ known for his collaborativ¢ approa¢h. His work, which often in¢orporat¢s photography. moving image and soun& explores themes of representation and memory> with a focus on uncovering hidden narratives. During his residency at Wigwell Lodge, Williams delved dccper into the realms of collaboration and the black community, and over the course of the residency will invite fellow artists and llaboratorS to join him in rural Dcrby5hirc for discussions and collaborations. Having family conn¢clion to the Midlands, Williams will further investigate institutional archivcs from the area combined with personal and privale archives outside of the institutio
PHOTOWORKS TRUSTEES, REPORT (INCLUDING DIREoRs, REPORT) (coiYfiNUED) FOR THE YEAR ENDED 31 MARCH 2024 Matthew Arthur William was nominated by Niki Russel, Director ai Primary, an artist-led ntempOrary visual arts organisation, and charity based in Nottingham. Th¢ selection process for the 2024 residency involved arts institutions and galleries acri)ss the Midlands, including Derby QUAD, Eastside Projects. Graves Gallery, Sheffield, Nthv Art Exchange, Nottingham Contemporary and Primary. Previous artists seleded for the residency include Freddy Griffiths in 2020, Moni¢aAlca2ar-Duarte in 2021 and Charlke Filz in 2023. Our wider programme of opwrtunitiC5 also continued to include trlent development through our onlin¢ platfornjs. we appointed our third Writer-in-residen¢e as part of the editorial t¢am of our digital magazine Photography+ Bnd we commissioned a new artist to create a new digital scasonal greeting card through our Festive Commission progrdmm¢' w¢ continued featuring the work of talented artists through our CUTatcd Instaw lak¢overs. 2023-24 saiv us tour our sccond edition of th¢ Phoioworks Festival in a Box {FIAB). FIAB is a distributcd festival model that enables our festival ¢0 be diStribed. recontextualised and presenied across the world. simultaneously ovcr a 10-month period. The festival was presented across the UK (in leY¢lling-up rcal with support from Arts Council England) and in ODA countries in partnership with feslivais in those countries. Photoworks Festival.. From LittleAcorns... w&$ dev¢loped in a collaknrdtion between UL Cameroon, India and Thailand through a cross-cultural exchange and collalx>rdtion, with the aim of connccting our curatorial approaches and audiences to build authentic r¢lation5hips and generates new curatorial forn of participation. We partnered with international organisations in Thailand and Camcroon who CO•curated cxhibited the festival. whilst running workshops in tandem. YaPhoto and FotoGarten, COThcreat¢d the FIAB with a contextual reimagined in each ¢ountry. and public progrdmming to activat¢ both online and iTrperson. From Little Acorns... presents the work of10 artis. Mohamad Abdouni. Antony Cairns. Felicity Hatnmond, JosèfaNtjam, Johny Pitts, Ebun Sodipo, Harit Srikhao. Diana Taman¢. Anshika Varnia, 8nd Charlotte Yonga, alongside c55avs and new commissioned writing. This latest Fesiivat irl a Box was produced &8 a besFK)ke publication,. a limited- edition that contains the work of tcn artists: 18 posters. l O labels, and a wall text that ¢an be intcrpreted, adapied, and installed in many different forn)s. Each of the artworks can be install¢d ai hom4 in the offic< in a gallery, in cl&%srooms or with your cornmunity. The Festival in a Box was produced and distriblrted to our national members. partners and contribulors in th¢ UK and overscas. Thc fe51ival w&8 featured on The Guardian and BJP. and presented across the UK (in levelling-up real with support from Arts Council England) and. with the support of Brilish Coun¢il in countries with our partners YaPhoto, FotoGarten, and Offsc( Projc¢ts. Works presenred in the festival included: Johny Pitls (UK) Johny Pitts latest work circumnavigatcs the British coast in search of Black history and communities in this new body of work. Drawing on an archive of images Pitts has been making over the p&8t 15 years, beginning in his hometown of Sheffield and spreading out across the UK. The project is an im)rtant continuation of Pitts, work to makc everyday Black experiences visible. The artwork included here res¢mbl&q the fortnat of a foldUt map, offcring an alternative rcading of the British coasl. Harit Srikhao (Thailand) Harit Srikhao lives and works in Bmtkgkok. Incubus layers facts. myths. gossips. propaganda, history and lore spoken by elders. The serics explores the tensions between fant&%y and reality by looking back on a langled past to reinterpret what might be tomorrow. Antony Calms (UK) Antony Cairns presents a look back through photographic technological history to produce 1024px images that live on memory stick and can only be seen using the Sony Mavica FD200 viewing screen. Now considered archaic apparatus, the cameras and the images displayed become the work of art. Mohamad Abdouni (Lebanon) The series chronicles the lives of Doris and her genderque¢r sonldaughter, And Together, they become an example that challenges the social norms of a heterononnaiivc family uniL ultimaiely making S wonder what constitutes a family. The images docum¢nt and offer an alternaliye to living under a patriarchal society and conforniing to the alleged family values of 'Middlc E&8tern family..
PHOTOWORKS TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR EIVDED 31 MARCH 2024 Charlotte Yonga {Camen)on) The title Naam Na La translates as I long for you. a work originally commission by the Blachère Foundation in Senegal, ¢entring around the theme of love. The series lakes on a journey of a warm yet authentic depiction of human relationships with one another, and with nature in a mix of landscape and wrtrait photography> from carcfully s(agcd images lo snapshots. PhOtoaphing love can be a complicated business. a dilemma Yonga fa¢¢s and ts¢kles through nuanced pr¢s¢nlations of love's ambiguity. Felicity Hatnmond (UK) Fclicity Hammond's large-scale collage IransN)rts us to fvturislic fiery orang¢ scenery. li is reminis¢ent of a]x)calyptic images. a run-down nStruCtion site in an unknown future. No organic materials can be found. everything needs to be cover¢d. The extracts of blue and orange cleaning prnducts and the silver ininerals reinforce the impression that this is a hostile environtnent for hunians and animals. We continued creating new partnerships to create new opportunilics for artists. In 2023-24, Ivc pre5cnled a neiv exhibition IUSK at RAW Photo Triennial Worpswede. Photoworks (Julia Bunnemat)n) has curated the main group exhibition at the RAW Photo Triennial Worpswede, G¢miany (Photoworks, international collabordtion for 2023.) What is Risk (if it 15 anything at all), how do people think about il, what do they feel about it, and what do thcy do about it? The exhibition RISK deals wilh current rx>litical and social tOPiC5 such as revolutions. amied conflicts. migralion, and ¢limate change on a large scale but also on a small. private sphere. It highlights issues in which people step out of their comfort zone, cross borders, and break ivith everyday life. The s¢v¢n selected photographic trf)sitions of contempordry artists illustratc that these themes. in the macro and micro realms. are always related to each other and oJe closcly intcnvoven. The exhibition RISK opened March 18 and ran until June I Ith. Worpswcdc is a North Gcrtnan artist colony ncar Bretnen. HodaAfshar, Marina Can¢v¢. Tina Farifteh, Laura Pannack, Victoria PidusL And Prarthna Singh will be among the artists on show and Julia will give multiple tours during th¢ thr¢e-month exhibition. Photoworks also continued to build our profil¢ &8 a llation leader in the photography sector, by leading a consortium of English Photography organisations in a suc¢essfvl partnership bid with Historic England. Picturing High Streets. Picturing High Sireels is a three-year project as part of the national cultural programme for High Street Heritage Action Zoncs. The photographers will use a socially-engaged approach, working alongside local COEnmunities, to create a contemporary portrait of England's high slrccts bctwccn now and 2024. Starting in July 2021. the six pholograph¢rs-in-residence will work with local communities to reimagine the high slre¢l. produ¢ing images which will become part of the Historic England Archive. To host each residency. Photoworks 8nd Hisloric England have partnered with photography organisations across England, including GRAIN Projects, Open Eye Gallery, QUADIFORMAT, PhotofiJsion and local pthtkers. Users of the high streets and the community arc at thc hcart of Picluring England's High Streets. and each selected photographer has & link to the local high str¢et area. To begin this progrdmme in 2021122 we commissioned six artists for residencies. Khatun (Leicester), and Rehan Jamil (Tower Hamlcts), Tim Mills (Coventry). Natalie Willatt (Stok¢), Su7anne St Clare (Chester) and Tony Ma]lon (Prescot). Thc artists concludcd their 3-ycar-rcsidcn¢ics residencies by engaging ivith the locaI communities. We concluded the digilal Mass Participation Proj¢¢l on Insla8ram in S¢plember and have had good numbers of submissions and engagement helped by a paid marketing campalgn. To compliment the project artist Alejatidra Carles•Tolra has made five digital toolkits to hclp spark engagement with the fortnightly calls to action. We have also run one artist led workshop with Anand Chhabra in Dudley and have 3 more workshops planned for 2023. A national touring Picturing High Strcet cxhibition. launched in March 2023 at the Photographcrs G&llcry, continued lo tour England with exhibitions in Derby, Middlesborough, Pres¢ot. Hastings and an ongoing tour into 2023-24 in Non¥ich (June). Bradford (July) and Stoke-on-Trenl (AuEu5t). Photoworks launched Photography Champions: a programme that creates and invests in communities of artists and practitioners in sclectcd locations across England. Thc progrdtlllnc scck5 to makc ncw connections and build nctworks that aclivale th¢ Photoworks programme and resources we already produce and expanding ils impact and reach. Designed to empower communities in Arts Council England priority places, photography Champions is a national initiative led by Photoworks. supported by public funding throughArts Council England's National Portfolio. The first phase of Photography Champions were founded in the following locaiions: Dudley led by Anand Chhabra Barnslcy led by Emily Ryalls Blackpool led by Henry Iddon and CIAir¢ Walmsley Griffith5 Portsmouih led by Katherine Thompson
PHOTOWORKS TRusfEES' REPORT (INCLUDIIYG DIREoRs, REPORT) (CONfiNUED) FOR THE YEAR ENDED 31 MARCH 2024 On 12113 March 2024 we produ¢¢d the first Photoworks Summit in Bright0 Marktng the anniversary of the Brighton Pholo Biennial. the Photoworks Summit strength¢n¢d relationship5 with audiences ¥JJd partners and launched new activities and encouraged a stronger membcrship offer. The Photoworks Summit drcw together photographers, crealives and arts professionals in one place lo explore 'The Thing, alx)ut photography. from fcstivals lo photobooks and across creative and professional praciiccs. Thc two-day evenl saw 144 attendees and speakers come togcther for presenlations, perforniances, roundtables and prdcti¢al sessions. New commissions included a pcrforniative panel with guest speakers directed by Ashok Mistry on access, 'How to ¢onsumc fcstivals without being consumed., a 'Culture at Home, text and iniage work by Gabrielle De La Puente (White Pube). and a tourable modular photo ErfM)k installation curated and designed by Jane & Jeremy (with Standard8) featuring a selection of influential indcpendent photobooks aJid narrdtives. Djing by our Ampersand artist in residence Mathew Arthur Williams. Aka Junglchussi. Three spoken word poetry performances responding to The Thing by Erin Jamcs, Noah Martin and AFLO. the Poet Wc also launched a print sale supported by Sp¢ctrum. Partners included the University olBrighion, Fabric4 Nanim4 Photo Fringe, Spectrum and Jane & Jcrcmy (publishers). Alongside these programmes. Photowork8 also: launched Photoworks Annual 30: THE THING distributing I,OOIPF wpies across the UK and internationally. We continued to delivcr Fleelwood HAZ Cultural Consortium commission. a new ¢o-commission in partnership with Fleelwood HAZ Cultural Consortium and Fleetwi)od Museum Trust in IAnwhire. ¢ommissioning new work by a solo artist prcsented end of 23. artist Lauren Joy Kennett developed and delivered her In Focus 2023 commission (partnership with Aspex Portsmouth* part of Explorers national progrdmme increasing visibility and representation of neurodivergent artists by Projcct Art Works) culminating in a solo exhibilion atAspex. Portsmouth. Alma Ha5er was invited to mentor Lauren. Photoworks delivered a new participatory commission with Arpita Shah and Devonshir¢ Collective, collaborating with a group of young refugee and migrant men from the Eastbourne developing a collectiv¢ ¢reativc dialogu¢ and producing new work which was exhibited in May 2023. Photoworks extended our five-year partnership ivith Giovane Fotografia Italian& The Awards were renamed into the Luigi Ghirri 2024 prize, and the jury to shortlist the 7-finaIist consisted of Julia Bunnemann (Photoworks). Ilaria Campioli (Giovanc Fotografia Italian4 Reggio Emilia), Krzysztof Candrowicz (Fotofcstiwal, EAidz). Daniele De Luigi {Giovane Fotogrnfia Italian Reggio Emilia), and Lisanne van Happcn (FotodoK Utrecht). We launched Peer Matters" an artist-lcd development programmc. facilitated by Eva Jona8. Em Evans and Marguerite Minnot Thomas, SUPP)rted by Photoworks. The programme launched in 23-24 and was held onlin4 once a tnonth for 5 months. The group includes 13 artists interested in sustaining pnd enriching their existing photographic practice5 through peer-to-peer learning. Most of the artists are mid-weer with a few early-career artists. Th¢re is a mix of geographic locations. backgrounds and photogrdphic industry roles and experience. Photoworks partnered and s¢¢ur¢d fimding ivith Chennai Photo Biennale via British Council to develop a new intemational residency. W¢ launched a new Photoworks Digital Residency progrdmme. which featured artists Elijah Ndoumbe. Ignacio Navas, and Tamsin Grccn. Learning engagement progr4mme "The Photoworks experience has helped shape fifteen yoww girls, future-. Teacher In 2023124 Photoworks continued to 0W and delivcr our award-winning arts education programme acr085 the South-East, England aJ)d the wider United Kingdom. Highlights of our programme include: Learning and education Arts Award A new Arts Award template was commissioned to provide a standard Structure for all submissions. Thc Bronze Arts Award was incorporatcd into all Photoworks Photography Clubs. One Photoworks artist facilitator undertook Adviser (Bronzel Silver) training through Photoworks to support this. 32 young participants completed their portfolio to achieve BrOnArts Awards certification.
PHOTOWORKS TRUSTEES, REPORT ONCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Digttai Badges Photoworks began offering new accrediiation {badgenation.org) for participation in L&E projects with digital badges award¢d from Spring 23 for all participants of Photoworks L&E activity. These bespoke digital badges acknowledg¢ and reward the achievements of participants. and are quality assured to the RSA Badge Stsndard. which is endorsed by City and Guilds. Workshops and Creativ¢ Development Photography Clubs Photoworks continued to develop and deliver LGBTQ+ Photogrdphy Club activity in West Sussex following su¢c¢ssful taster scs3ions at three secondary schools. The success of this programme resulted in another new partnership with One Church Brighton, enabling V4 new LGB TW club to bcgin in the city. 75+ people attcnded our Pridc event with AudioA¢tiv¢, and 120 vicwing a pop- up exhibition in Brighton. Photoworks also completed Disco Photo Club with Sussex Recovery College in partnership with the De La Warr Pavilio after the programme was ¢xtended due to its suc¢ess. The programmcs werc aimed at young people cxperiencing mental health crises (blended approach via Zoom and F2F) with artist Lynn Weddle. Photography Club at Brighton & Hove's Royal Pavilion & Museums, delivered in Spring 23 co-produced with Brighion Museum linkcd to Marilyn Siafford Retrospectiv¢. Led by artist Mary5a Dowlin& the workshop led io an exhibition delivered at Brighton Museum South Balcony in mah. A new Photoworks Photogrdphy Club was deliv¢red wilh English Hcritage at Wrest P, Bedfordshire exploring relationships betwccn their sites and the Transatlantic Slavc Trade. Six thll day, face to lace sessions took place at Wrcst Park, Bedfordshire S¢pt- Dec, led by artist facilitator Juliana K&sumu. A Send and third Photoworks Saturday Club funded by University of Brighton (UOB) successfully rdn wilh 24 young p¢ople taking part. The session included award- Ivinning photographers discussing their work with the group, an online exhibition of the worK and a zine. Summer BritOll Photography Club wmplete with work exhibited S¢pt- Dec and over 12.000 museum visitors. Autumn club with 14 participants led by artist Alcjandra Carles-Tolr& Partnership with the National Gallery as part of thcir National Treasures ¢¢lebrations. Participant artwork was exhibited in thc main gallery at Brighton Museutn alongside th¢ National Gallery's Rembrandt portrait that has inspired this club from May 24. Council for Britlsh Archaeology (CBA) Photoworks delivered artist-led photography training for adult leaders of the Young Ar¢ha¢ologist Club {YAC) in January. which was enthusiastically rcccive(L Resources built for this training will fomi part of the Photoworks National Schools Resource (see bclow). The relationship continued with furthcr funding from CBA sup]x)rting thc development and delivery of workshop aciivity in late Summer for UK wide YAC participants and further training for adult Club Leadei's. Photoworks delivercd a weekend of face-to-face artist-led photography training for adult YAC leaders as well &s youth placctncnts. Thcse workshops were delivcrcd with young people at Bolsover Castlc with ovenvhelming positive fcedback from participants, and the cqually well-r¢ceiv¢d delivery of a facc-trpface artist-led workshop for young people at Wrest Park. Succcssful workshop delivercd with YP online for the Festival ofArchacology in July 2023 (fully EM)oked, 20 participanls). Explorerslln Focus 202213 PAptK>intment made for the solo Corycomrnission (Lauren Joy Kennett) with two shortlisied artists being offered an altemativ¢ (micro) digital commission. Good relationships being established with adult social care piovidcrs in Portsmouth, 5 with the inclusivc clubs and support worker training kicking off early January (led by artists Becky Wamo¢k and Kate Watson). First of fow incI1ve clubs was covnpleted in 2022123. Plans for second club confirn)¢d for adults with profound and complex support needs (Sense Plus in Portsmouth). RccruitTnent undenvay for clubs 3 and 4 later in 2023. Revision of support ivorker training based on feedbacL wc H'ill now deliv¢r two programmes sumtnerlAutumn with participants from all foul clubs, plus creation of digital resources for supwbrt workers.
PHOTOWORKS TRUSTEES, REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR EJVDED 31 MARCH 21124 Schools ProamM¢S "I loved being pushed out of my crealive comfort zone". Secondary school student Schools Engagemeni with Photoworks Festival Five schools participated in festival workshops this aurnn (one primary, four secondary). Over 150 mixed age students took part in bespoke workshops engaging with festival box led by Lindsey Smith. Further workshops with a Crawlcy secondary school. and SEN school pl8nn¢d for Jan 23. Free boxes part of edUtiOnal packag¢) offered through schools newsletter. National Schoo15 Resource (NSR) A major focus and achievement for Photoworks in 202 If22 was the creation and launch a wcbsite aimed specifically at schoolteachers across a rang¢ of subjects up to age 18. with the intention of supporting photography teaching and Ivarning. The Photoworks National Schi>ols R¢sourcc (NSR) was designed as a space lor Teachers to find out about conlemporary photographers and their work> gain practicat inforrnalion on photography teclmiques, get ide&4 and inspiration for th¢ir ¢lassroom leaching, find out about photography exhibitions, and k¢pt up to date ivith our programme and related opportunities. The NSR builds on Photoworks unique and ¢xten8ive knowl¢dg¢ b&8e of contemporary photographic practice and photographcrs, and track-re¢ord for working with schools, by pr()viding teachers with professional development opporlunili¢s. downloadable t¢aching resources and OPFKprtunities for students to engage dir¢¢tly with photographets and photography. Significantly, Photoworks is one of only a handful of organisations with a specific national remit to promote eng84gement with photography, enabling thc Photoivorks NSR to deliver a sophisticated and informed national resourcc for photography teaching & Icarning in schools. The newly developed NSR therefore plays a vital role in helping Photoworks fulfil its remit as an organisation with tkationat reach. Our leaching rcsources are designed io suplxirt knowledge and understanding of photography> equipping teachers with what they need lo deliver quality engagement with contemporary photography in the arts syllabus, wable of filtering by age, thcme or 5ubje¢t area to find the resources matching educational rcquirements. Photoworks invcsted in the developmcnt of a database of Further Education Art and Design teachers across England to build teacher audiences for thc resource. After inforniing our design and content plan, this database underpinned our successful launch and subsequent marketing plan where new ¢ontcnt iv&8 delivered through monthly schools, newsletters and live Sprin&lAutumn teacher CPD events. New ¢onlenl continues to be regulwly uploaded. inspired by or through Pholoworks programmes, iyith a s¢hools newsletter released monthly, and continued work undertaken to grow leachcr database. Peer Led Community Engagement Project Photowoi'ks supported students from several Brighton secondary schools to tske part in artist-lcd training enabling delivery of studenl photography projects in local feeder primari&4. Explorerslln Focus 202314 Photoworks and Projc¢l Art Works securcd funding from Arts Council England to take In Focus into phase It, which includes ncw commissions. photography clubs, and public events designcd with and for ncurodiverse artists and communities. In Focus is part of a wider programmed called Explorcrs" comprising awarcness-raising activity, commissions, cxhibitions, seminars, and evenis dcveloped by Project Art Works in partnership with Photoworks and other cultural partners, with and for neurodiverse ¢ommunities, placing them at the heart of social. civic, and cultural activity- In Focus commtssions support the crcation of new work specifically by a neurodiverse adult. including those who may bc noTrverbal or require complex support. The programme launchcd in Coventry. with subsequent programme activity that includes: Inclusive Phologrdphy Club Digital commissions A new physical commission for M neurodiv¢rse artist
PHOTOWORKS TRUSTEES, REPORT ONCLUDING DIREcfoRS' REPORD (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 University of Sussex Funding secured for one4lay workshop led by Arpita Shah 5UPPOrting E&%tbourne- based students (many of whom have aring responsibilities or live at home due to financial hardship). Digital Programme Photoworks contind to grow ow onlin¢ audience. and digital progrdmme for intcrnational reach. generating new work. platfomis and dialogue for artists, curators, and audi¢n for phorographic practi¢¢. Cor¢ achievements and activities included: Photoworks released four quarterly editions of our onlinc magaztne Photography+ ivith curdtoriai theines of street photography, science fiction, as ivell as our annual Graduat¢ Issue. whith flured work fiY)m 10 undergrad and post graduate artists from across the globe. Through Photography + we commissioned. 12 articles and intcrviews with pholographers. 8 essays on new and eiiierging. and plalforming the work of four artists froffl thc PhOworkS community. alongside articles and editorial M'rittcn in-house by our team and online Editor. Photoworks ntInued our Writer in Residence programme. Our inaugural writer in Residence. Tanlume Enyatscng (South Africa) completed his tcnure writing for our digiiai channels. and we appointed our new writcr for 2024-24 was appointed Angelina Ruiz (USA) in the final quarter of 2024124. Atkgclina will write four articles for Photogrdphy+, working closely with the Freclancc Editor, Curators, Director. and Digital Marketing Officer. We rdn 43 Instagram Takeovers in 2023124? platfomjing th¢ work of emerging photographers to our international digital audience. Supported by this dynamic suite of content. our social media engagetnent continucd io groiy. Our Fa¢¢book following grew by 4.2 /•. Twitter by 2.80/0 and Instagram by 12.10/o- and engaging an audience from 41 countries, with 410/0 of our online audience ¢ngaging from the UK, and the rest spread globally with significant numbers across Indi4 Franc4 Portugal. Indonesi japa Hungary and the USA. Diversity and engagemeut Our programming continued to address a wide range of subjects and themes including LGBTQF. Poc. SOCiOveconomic, healthlwellbeing and disability. Across our progrnmme 440/0 of the artists featured wcrc Black or POC. We continued to participate in tK)rtfolio rcviews in Derby and Londo developing new partnerships and extending our reach nationally. &s wcll a5 in intcmE4tionally at fesiivals such &s Kencontre d'Arles. Children and young people (CYP) See Learning and Engagetncnt above. Leadership? diversity, skills development progress We continued an ongoing programming that cnabled us to maintsin all the staff in WO during the pandemic. Some individuals also took advantage of the extensive Iraining offer online to upgrade their skills in Diversity Trt4ining and Accessibility. Financial review Total income for the year was £567.595 (2023 - £504.599) and total expenditure was £638.803 (2023 - £564,207). Photoworks has various types of reserv. Some are destined to cover the costs of the Photoworks progranime and are separated into designated and restricted funds- iyher dcsignated funds are noi specifically allocated lo a specific projecL r¢stricted funds can be used solcly to covcr the costs of the specific project the funds have been raised for. Whcther the funds will bc dcsignated or restricted is specified in the terms and conditions of the agreement with thc funding body. Furthermore. Photoworks holds a separate amount of reserves to cover the organisation's 6 month wind-down costs. The total amount of Photoworks r¢serves is £393.355. This is made up of restrictcd reserves of £158,207 (held for delivery of Contracted 2¢tivity in 2024-2026), designated rescrvc5 of £101,661 (funds raised through earned and donated income for activity in 2024-2026) and Ltnrcslricied reserves of £133.487 (six month w1ndOwn costs).
PHOTOWORKS TRusfEES' REPORT UNCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR EIVDED 31 MARCH 2024 The chftrity'5 principal sources of funds (including fundraising) Photoworks is a National Portfolio Organisalion. Funding received from the Arts Council amounts to approxitnately 500/0 of the total yearly income. The other 50Q/o is fdised by trust and fourkdaiion fimdraising, individual givin& and partnerships with Jerwood Foundation: The Ampersand Foundation, English Heritage, Historic England, University of Brighton and other smaller fund¢rs. Risk management Photowoi'ks maintains a detailed, regularly updatcd risk register with ¢lvar accour]tabilities and mitigation plans. The risk rcgister is regularly updated intcrnally and reviewed by trustees and cxecutive on a quarterly b&is. The trustees are satisfied that systems are in plac¢ to mitigate exw>suTC to any major risks. At the end of March 2024. Photoworks was in a very healthy wsition not facing any major risks. Cijnsidering the uncertainty of the year ahead, we were cautious with our budgct expenditur¢, aiming at starting in real activity, but maintaining the organisation in a safc space. PIRns for the future During 2024125 we aim to dcvelop the following: Talent development Development of 2 artists practice. and producc new exhibitions of this work through a touring exhibition via the JenvoodhoI0W0rk5 Awards 5 Dcvclopment of an artist's practicfy and pmduce new ¢xhibiuon of this work through a touring exhibition via the Ampersand Fellowship Launch the sixth wrirer-in-residence Launch the fifth edition of our Festive Commission Support emcrging lalent Photography+ and Instagram Continue delivering portfolio reviews and mentorship Develop new MMIssIOn1ng and residency vehicles to provide opportunities for artists Cretion of new work Produce and commission work for JPA5, AMpersandh0t0wOrkS Felloivship. Photoworks Festival. Photoworks Weekender. new commission from Mahtab Hus5ain at Ikon Gallcryj and Festive Commission Diversity, reAch and enggement Further consolidate the impact of our work in fornial education through the University of Brighton and Univ¢rsity of Sussex partncrship as well as guestlone olTengagcment with multiple univcrsities around the UK. Deliver new inclusive Photography Clubs with adult social care settings as part of In FocusXplorers Develop new partnerships lo extend our reach nationatly and intcrnationally including Rencontre d'Arles in France Continue to grow our digitat channels including Photogrdphy+. creatÈng w>dc&sts and digital events to coincide with Photography+ launches Children young people (CYP) Coniinuc to offer CYP Op)rtunItieS programme throughArts Award and Photogrdphy Club Deliver a programme of CYP activities including Photography Club and schools, cngagement Dcvelop and deliver CPD and leaching rcsources for JPA5. Atnpcrsand Fellowship. and the Photoworks Festival Develop a digital toolkit for photography and Acccssibility for Explorers Further research and develop national digital schools. resourcc for photography model and secure nationat cultural and strategic partners Leadership* diversity, skills developmeof progrns Ensurc professional development opportunity for all staff throughout the year Strengthen governance and Board diversity by recruiting new trustees Through Explorers progratnme raise diversity awarencss around complex needs for artists and audiencc5 to feed into equality action plan.
PHOTOWORKS TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR EJVDED 31 MARCH 2024 Structure) governanee and m*n4gemellt The chlty is a company limtteAJ by guardntee, ha5 no share capital. and is govcmed by its Memorandum and Articles of Association. Photoworks is supported by a strong governancc structure that meets quarterly. The board is responsible for fiduciary matters including protcciing public interesL fulfilling legal obligations, maintaining financial overview and managing risk. They have a duty of care in¢luding complianc¢ and safeguarding resp)nsibilities. Thcy are responsible for strategic guidance and holding the executive to account on progress of OTganisalional objectivcs. We work closely with our trustees. extensive networks lo gain deeper impact for our work in its creation and dissemination parti¢ularly artistically and digitally. The knard includes high profile and active artists. Finance and fundraising subcommittees support the executive with fanCIal rcporting, budgeling and fundraising strdtegie5 r¢SptIvelY. The trustees, who are also the dire¢tors for the purpos¢ of comwdny law. and who served during the year and up to the date of signature of the financial statements were: R S Burton A J Simpkin D Knaus P Dr¢witt MAllende C Condron L H Momodu-Gordon M C Mcveigh N E R Caruana S Esler Patel MAHolland HNStCyr (Resigned 31 De¢emb¢r 2023) (Resigned 31 December 2023) (Resigned l December 2023) (ApFK>ini¢d 31 December 2023) (Appointed 9 September 2024) Appointmenl of trns¢e Photoworks had 10 board members during the year and could have a maximum of12. The organisation strives for diversity and inclusion, also at a govemance level. The recruitment and sclcction m¢thods are b&scd on individual approaches to individuals with different sets of skills whose profile and skills can benefit Photoworks. OrgAni5ation Thc activities of the charity are advised and monitored by the Board of Trustces, who meet four times a year to agree the strategic direction and policy of the organisation. They also ensure that the ¢harity fulfils its objectives and complics with the requirements of the Charities Commission. The daY-ldaY management is delegated by the Board io the Executive and Artistic Director, Louise F¢dotov-Clements who attends the Board me¢iings lo update trnstees on d¢velopmenls, finances. risks and seek approval on future strategy. The Injstees, report was approve by the Board of Truste¢5. A J Simpkin Trustee Dated: 9 September 2024 .fv5l[ 10-
PHOTOWORKS STATEMEiYf OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The truslees. who are also the directors of Photoiyorks for the purtx)se of company law. are responsibl¢ for preparing ihe Trustees, Report and the finan¢ial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Cotnpany Law r¢quires the truslecs to prepare financial atements for each financial year which give a true and fair view of the slatc of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the churitable company for that year. In preparing th¢s¢ fjnancial statements. the trustees ar¢ required to: select suitablc accounting policies and then apply them ¢onsi5tently' - observe the methods arkd prin¢iples in the Charities SORP. - make judgements and estimates that are reasonable and prudent" slate whether applicable UK A¢wunting Standards have been followe subject to Any material departures disclosed and explatned in the financial statements. and prepare ihe financial statemcnts on the going concern basis unless it is inappropriate to presume that ihe charity will continue in operation. The trustees are r¢sponsible for keeping adequate awunting rttords that disclose with re&sonabl¢ accurncy at any time the financial position of the charity and enabl¢ them to ensure that the finan¢ial statements wmply with the Companies Act 2006. 'rhey are also responsible for safeguarding the assets of the charity ar hence for taking reasonable Steps for the prevention and detection of fraud and other irregularilic5.
PHOTOWORKS IIYDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PHOTOWORKS I report to the trustees on my examination of the financial ststcm¢nts of Photoworks (the charity) for the year ended 31 March 2024. Rt5ponsibilitits ¥nd basis Df report As th¢ trustees of the charity (and also its directors for the purposes of company lam,) you are responsible for the preparation of the financial statements in accordance with the requirements of the CompanicsAct 2006 (the 2006 Acl). Having satisfied myself that the fllwicial statements of the charity are not required io be audited under Part 16 of the 2006 Act and are eligible for independent examination, I rcw>rt in resp¢¢t of my ¢xwnination of the charity's financial statements carried out under section 145 of the Charitics Act 2011 (the 2011 Act). In carrying out tny exaniination I have followed all the applicable Directions given by the Charity Commission under section 145(5Xb} of the 2011 ACL Independent examiner's statement Sincc the charity's gross income excccdcd £250,000 your examiner must be a mernber of a Ix)dy listed in s¢¢tion 145 of the 2011 Act. I coTrfum that l am qualified to undertake the examination becausc l am a member of The Institute of Chartered Accountants in England & Wales. which is one of the list bodies. I have complel¢d my examination. I confirni that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in rpect of the charity as required by Sli0n 386 of the 2006 Act" or thc financial statements do not accord with those records. or the fitwicial statements do not comply with the a¢¢ounting requirements of section 396 of the 2006 Act other Ihan any requirement that the accounts give a Irue and fair view which is not a mattcT considered as part of an independent examinaiion. or the financial statements have not been prepared in accordance with the methods and principles of the statnent of R¢commended Practicc for accounting and reporting by Charities applicable to charities preparing their ac¢ounls in accordance with the Financial Rq)orting Standard applicable in thc UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection ivith the examination to which &ttention should be drawn in this reFK)rt in order to enable a proper understanding ofthe financial statements to be reached. S RA Holmes Fc£ Victor Boonnan & Co Europa House Goldstone Villas Hov¢ East SusSCX BN3 3RQ Dated: 9 September 2024 12-
PHOTOWORKS STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH2024 Unrestricted Designated futtds funds 2024 Restricted funds 2024 Total Total 2024 2024 2023 Notes Ineome from: Voluntary income Charitable activities Investments 350.013 19.031 895 350,013 216,687 895 273,252 197.656 236 Tot*1 income 369.939 197,656 567.595 504,599 enditure on: Raising funds 27.035 27,035 25.678 Charitable activities 404.835 206.933 611.768 538,528 Total resources expend¢d 431.870 206,933 638,803 564.206 Net outgoittg resour¢es before transfers (61.931) (9,277) (71.208) (59,607) Gross transfers between fvnds 62,000 (62,000) Net ineomel{expenditure) for tbe yearl Net movemtDt in funds 69 (62.0(K)) (9,277) (71.208) (59,607) Fund balances at l April 2023 133,418 163,661 167,484 464,563 524,170 Fund balances At 31 March 2024 133.487 101.661 158207 393J55 464,563 The statemenl of financia] activities includes all gains and losses Tecognised in the year. The statcment of financial activities includes all gains and losses recognised in the year. All income and expenditure derive erom continuing a¢livities. The statement of financial activities also MplIeS with the requirements for an incom¢ and expenditure account under the Companies A¢1 2006. 13-
PHOTOWORKS BALANCE SHEET ASA T31 MARCH 2024 2024 2023 Not¢s Current assets Debtors Cash at bank and in hand io 29.692 391.232 6.565 491,512 420,924 498,077 Credltors: Imounts falling due within one year li (27.569) (33.514) Net current assets 393.355 464.563 Income funds Restricted funds 13 158.207 167,484 nrestricted funds Designated funds Gencral unrestricted funds 14 101,661 133.487 163,661 133,418 235,148 297,079 393,355 464,563 The company is entitled to thc exemption from the audit Tequirement contsined in section 477 of the Companies Act 2006, for th¢ year ended 31 March 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies A¢t 2006 with respcci to accounting records and the preparation of financial statements. The m¢mbers have not required the company to obtain an audit of its financial statements for the year in queslion in accordance with section 476. These financial statemeEkts have been prepared in accordance with the provisions appli¢able to companies subject to the small companies, regime and in e0rd?l¢¢ wilh "Accounling and Rcporting by Charities: Stalemcnt of Recommended Practice applicable to charitics preparing their accounts in accordance with the Financiat ReFM)rting Standard appli¢able in the UK and Republic of Ireland (FRS 102) (eff¢ctive l January 2015)" Thc financial statements were approved by th¢ Trustees on 9 September 2024 A J Simpkin Trnstee Comp4ny Registration No. 03043169 14-
PHOTOWORKS STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH2024 2024 2023 Notes Cash flows from op¢rting activities Cash absorbed by operations 17 (101,175) (34,200) Investing Aetivities Investment income received 895 236 Net Cosh generted from investing *ctivities 895 236 Net Cash used in fininciDg activities Nei de¢re45e in cash gnd cash equivalellts (100,280) (33,964) Cash and cash equivalenis at beginning of year 491,512 525.476 Cash and cash equivAlettts at end of yeAr 391.232 491,512 15-
PHOTOWORKS NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR EIVDED 31 JURCH 2024 Aceouutillg policies Charity information Photoworks is a private company limited by guarantce incorpornted in England and Wai¢s. The registered office is 28 Kensington Street, Bright0 E&8t Susscx, BNI 4AJ. 1.1 Accounting convelltton Thc financial stai¢ments have been prepared in accordance with the charity's gov¢ming document. the Companies Act 2(K)6 and"Ac¢ounting and Reporting by Charities: Statement of Rewmmended Practice applicable to charities preparing their accounts in accordancc with the Financial Reporting Standard applicable in thc UK and Republi¢ of Ireland {FRS 102)" (as amended for accounting periods Commencing from l January 2016). The charity is a Public Benefit Entity as defincd by FRS 102. The financial statements are prepared in sterling. which is the functional currency of the charity. Monetary 8mounls in these financial statetncnts arc rounded to the nearest £. The financial statements have be1 prepared under the hiswrical COST convention. The principal accounting poli¢i¢s adopted are oul b¢low. 1.2 Going concern Ai the time of approving the finan¢ial stalements, the trustces havc a rcasonable expectation that the charity has adequate resources to c£sntinu¢ in operational exislence for ihc foreseeable futur¢. Thus the trustees continuc to adopt the going conccm basis of OUntIng in preparing thc financtal statements. 1.3 Charitable funds Unrestri¢t¢d funds are available for us¢ at the discretion of the trustees in fitheranCc of their charilabl¢ objectives. Designated fund5 are set aside by the trustees out of unrestricted gencrnl funds for specific future purposes or projects. Restri¢t¢d fvnds are subject to specific conditions by donors or grdntors as to how they may be used. The purpose5 and uses of the restricted funds are set out in the notes to the financial statemcnts. Endowm¢nl funds are subject to spccific conditio¥)s by donors that the capitsl must be maintained by the charity. 1.4 Ineomt All incoming resources are included in the statemenl of financial activities when the ClrÉtY is entitled to the income and the amount can bc quantified with reasonable accurdcy. The following specific policies are applied lo particular categories of inwme: Voluntary income including grants, donations and legacies are recogni5ed whcrc there is entitlemenL certainty of receipt and the amount can bc measured with suffici¢nt reliability. Such incomc is only deferred when.. The donor specifies that the grant or donation must only be used in fvture accounting periods or thc donor has imposed conditions which must bc met before the charity has unconditional entitlement. Incoming resources from charitablc activitics is Mccounted for when earned. t)onaled services and facilities are included in the Statement of Financial Activiiies where the benefit to thc charity is reasonably quanÉifiable and me&wrable. The value placed on theses resources is the estimated value to the charity of the service or facility rcccivcd. 16-
PHOTOWORKS NOTES TO THE FINANCIAL STATEMENTS (coKrtNUED) FOR THE YEAR EIVDED 31 MARCH 2024 Accounting policies (Continued) 1.5 Expenditvre Expenditure is r¢EnISed oncc there is a legal or nstctiVe obligation to transfer economic benefit lo a third party. it is probable that a transfer of economic benefits will k requircd in settlemenL and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of ¢ach activity are made up of the total of direct wsts and sharcd costs, in¢luding support costs involved in undertaking each activity. Dircct costs attribulable to a single activity are allocatcd directly to th81 activity. Shared costs which contribute to more than one activity and support Costs which ar¢ not attribuiable to a single a¢tivity ar¢ aptx>rtioned b¢tween Ihosc activities on a basis consistent with the use of rcsources. C¢ntral staff costs are allocated on the basis of time spenL and deprcciation charges allocated on the portion of the assel's use. Expenditure is recognised on an accrual b&%is as a liability is incurred. Expenditure Includes any VAT which cannot be fully recovered, and is rcFK)rted a5 part of the expenditure lo which it relatrs. Costs of generating fimds are those costs incurred in the search for and application for grant income. Charitable activities include cxpenditure associated with knth the pn)motion of the practic¢ and undcrstanding of photography, ad the costs in excess of relevant grdnt in¢om¢ ofthc publication of books Mnd magazines. The categories include the dir¢ct costs, the SUPFX)rt costs and the governance costs relating to these activities. Governance costs include those incurred in the governance of th¢ charity and its &8sets and are priEnarily as50¢iai¢d constitutional and statutory requiretnents. Support costs include central functions and hay¢ been allocated to activity cost categories on a basis consistent with th¢ use of thc resources. Overall, unless an item of cxpenditure SpecifillY rclates lo one particular activity, resources expended are apportioned as follows.. 20 /0 Cost of generating voluntary income amd 8/0 promoting photography practice. 1.6 Tangible fixed assets Tangible fixed ass¢ls arc initially measured at cosi and subsequ¢ntly measured at cost or Valuatio net of depre¢iation and any impairment losses. Deprecialion is recognised so &8 to write off th¢ cost or valuation of assets less their residual values over their useful lives on the following bases: Computer equipment Fixtures, fittings & equipment 3 years strdight line 25 % reducing balance The gain or loss arising on the disposal of an &sset is delemined as the difference between the sale proceeds and the carrying valu¢ of the a3scL and is recognised in the statement of fmanctal activities. 1.7 Financial instruments The company has the following financial instn]ments . Basicfinanclal ussets Basic financial &ssets. which includc debtors and cash and bank balances. are initially measured Vlt transaction price including transaction costs and are subsequcntly carried at amortiscd cost using the effcctive interest method unless the arrangement constitutes a financing transaction. whcre the transaction is rnured at the prc5cnt value of the future reccipts discounted at a market rate of interest. Financial assets classified as receivable within one year Mre not amortised. 17-
PHOTOWORKS NOTES TO THE FINANCIAL STATEMEiYrs (coNriNuED) FOR THE YEAR ENDED 31 MARCH2024 Accounting policies (Continued) Basicfinancial liabilities Basic financial liabilities. including creditors and bank loans arc initially recognised at transaction price unlcss the arrangement constitutes a financing transaction, whcre the debt instrument is measured at the present Yalue of the future payments discounted at a market rate of intcrcsL Financial liabiliti classified &s payable within one year are not nortised. Debt instnllnenls are subsequently carried at amortised CO using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of opcrations from suppliers. Amounts payable are classified as current liabilitics if payment is due within one year or Icss. If not, they are presenlcd as non-¢urr¢nt liabilities. Trade crcditors are recognised initially at transaction price and subsequently mcasured at amorlised cost using the effcctive interest method. 1.8 Employee benefits The ¢osls of short-term employee benefits are 0gn[Sed as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the cmploye¢'s s¢rvic¢s are received. Termination benefits are recognised imtncdiately as an expense when the company is demonstrably committed to tertninare the employment of an etnployee or to provide tetThination benefits. 1.9 Retirement beu¢fits Payments to d¢fined contribution retirement benefit h¢M¢S are charged as an cxpense as they fall due. 1.10 Capitsl grants Grants towards capital expenditure recognised in the 5t&temenc of financial tIVitieS in the year of acquisition Mpithin relevant designated fvnd. Depreciation is charged against the fi]nd over the expected useful life of th¢ assets. Volunlary in¢ome 2024 2023 Grants receivable for core activities 350.013 273,252 Grants receivable for Core activities Arts Council of England core funding 350,013 273,252 350,013 268,315 18-
PHOTOWORKS NOTES TO THE FINANCIAL STATEMEIWfS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2024 Ch•ritable Activities GrantsS8les of boolLS Other evettts received for and and projects specific magazines jDcome projects TotAI Total 2023 2022 Sale of goods P¢rforniance related grants 16.224 2.807 19,031 197,656 38,019 193,092 197.656 197.656 16,224 2,807 216.687 231,111 Analysis by fund Unrestricted funds Restricted fijnds 16,224 2,807 19.031 197,656 197,656 197.656 16.224 2,807 216,687 For the year eDded 31 M4r¢h 2023 Unrestricted funds Restrict¢d funds 33.947 4,072 38,019 193,092 193.092 193,092 33.947 4.072 231,111 PerformAll¢e related grants JerwoodlPhotoworks Awards Saturday Photography Club Ampersand Historic England English Heritage The British Courkcil Flcetwood HAZ Other 75,01)0 3.400 5.000 73.907 23,400 9,999 6,950 75,000 3.400 5,000 73,907 23,400 9.999 6,950 15,000 5,705 25,000 46,300 32,350 10,000 5,250 53,487 197.656 197,656 193.092 Investments 2024 2023 Interest rcccivable 895 236 19-
PHOTOWORKS NOTES TO THE FINANCIAL SfATEMES (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Raising funds Unrestricted Unrestricted funds funds 2024 2023 Costs of eneratin volunt Other fundraising ¢osts Staff costs Dcpreciation and impainnent income 13.620 13,415 11,256 13,889 533 27,035 25,678 Cbaritable aetiviti Promoti hoto rdctices Activities Support tosts Govern*nee undert•keD costs directly Total Total 2024 2023 Staff costs Depreciation and impairment Other ¢osts 127,451 53.659 2,000 183,110 176,935 2.131 359.462 364,839 54,479 9,340 428,658 492,290 108.138 11.340 611.768 538.528 Anatysis by fund Unrestricied funds Restri¢led funds 285.357 206,933 108.138 11,340 404,835 206,933 492.290 108,138 11.340 611.768 For the yeAr ended 31 March 2023 Unrestricted funds Restricted funds 257.591 166.480 102.725 11.732 372.048 166,480 424,071 102,725 11,732 538.528 Gov¢mance costs includes payments to the independent examiners of £4.800 (2023 £4,800) for independent examination fees. -20-
PHOTOWORKS NOTES TO THE FINANCIAL STATEMENrs {coNriNUED) FOR THE YEAR ENDED 31 A£4RCH 2024 Support and governanct costs Support costs Governance costs 2024 2023 Basis of alloeAtioD Staff costs Depreciation Offi¢¢ rent Insurance Printing. PK>Stage and st&tionery Travel Marketing ¢0gts Recruittnent costs Bank charges Sundry expenses Staff training Website Computer cosls 53.659 2,000 55,659 57.559 Splii directors $8Iary 2,131 Support 9,701 Support 2,251 Support 4.933 Support 13.980 Support 4.005 Support 708 Support 609 Support 309 Support 485 Support 4,905 Support 3,149 Support 10,841 2.257 3.626 23.429 3.394 68 823 1.008 40 2.179 6,814 10.841 2.257 3.626 23,429 3,394 68 823 1,008 40 2,179 6.814 Bookkeeping Accountancy 3,640 5.500 3.432 Governance 6.300 Governance 5,500 108,138 11,140 119.278 114,457 Analy5ed between Charitable a¢livities 108.138 11,140 119,278 114.457 TrStee5 None of the truste¢s (or any persons connected ivith them) received any remuneration or benefits from the charity during the year. Employees The average monthly numlKr of employtts during the year was: 2024 2023 Number Number Employment eosts 2024 2023 Wages and salarie5 Social Security costs Other pension costs 179,833 11,597 5.095 174,679 11,924 4,221 196,525 190,824 Therc were no employees whose annual rcmunerntion was £60.000 or more. 21
PHOTOWORKS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Debtors 2024 2023 Amounts fxllillg due within one year: Trade debtor5 Prcpayments 25,541 4,151 1,354 5.211 29,692 6,565 li Creditors: Amounts fallillg due within one year 2024 2023 Other taxation and social Security Trade creditors A¢¢ruals 1.038 13.375 13,156 2,568 17,750 13,196 27,569 33,514 12 Retir¢meDt b¢llefit schemes 2024 2023 Defjned contribution sch¢mes Charge to profit or10ss in respect of dcfined contribution schemes 5.095 4.221 The charity opcrates a defincd contribulion pension schemc for all qualifying employees. The assets of the schemc are held separately from those of the charÉty in an independendy admini5tcred fund. 13 Restrictsd funds Th¢ restricted funds of thc charity compri5¢ the unexpended balances of donations and grants held on trust subjcct to specific conditions by donors as to how they may bc used. Movement in funds Bal>nee Xt Income Expenditure l April 2023 Balance at 31 March 2024 JenvoodlPhotoworks Award5 Explorers Saturday Photography Club Ampcrsand Fellowship Historic England English Heritage Th¢ British Council National Lottery Fund Fleetwod HAZ 75.000 (2,505) (10,497) (3,400) (22,526) (126,947) (8.861) {10,000) (9,997) (12,200) 72,495 20,322 30,819 3,400 5,000 73,907 23,400 9.999 17,526 66,257 27.635 10,000 9.997 5,250 13,217 42,174 9,999 6.950 167,484 197.656 (206,933) 158,207
PHOTOWORKS NOTES TO THE FINANCIAL STATEMENTS {coNfiNUED) FOR THE YEAR EJVDED 31 MARCH 2024 14 Designated funds The income funds of the charity include the following designated fi]nds which have bccn sel aside out of unrestricted funds by the trustees lor specifEc purposCS'. Balance t l April 2023 Transfers Balance t 31 March 2024 Brighton Photo Biennial Marketing CRM PR General ProgrammeActivity 82,231 3,430 5,000 5.000 68.000 82,231 3.430 5,000 5,000 6,000 (62.0(M)) 163,661 (62,000) 101.661 15 Aolysis of net assets betweeh funds Unrestrieted funds Designated funds 2024 Restricted fuDds 2024 Total 2024 2024 balances at 31 March 2024 are represented by: Current assetsl(liabiliiies) 133,487 101,661 158.207 393,355 133,487 101,661 158207 393,355 Unrestritted funds 2023 Designated funds Restricted funds 2023 Tot1 2023 2023 Fund blances At 31 Marcb 2023 are represented by: Current assets/{liabiliti¢s) 133,418 163,661 167,484 464,563 133,418 163,661 167,484 464.563 16 Rel4ted party transactions There were no further disclosable related paty trasaCtIOnS durtng the year. -23-
PHOTOWORKS NOTES TO THE FINANCIAL STATEMENTS (coNfiNUED) FOR THE YEAR ENDED 31 h£4RCH2024 17 Cash generated from operatioDS 2024 2023 Deficit for the y¢ar (71.208) (59,607) Adjustments for.. Investment incomc rccognised in statement offinancial activities Depreciation and impaimient of tangible fjxed ass¢ts {895) (236) 2,664 Movements in working capital: (Increase)Ide¢r¢as¢ in debtors (Decreas¢)/incre&se in creditors (D¢¢r¢ase) in defcrrcd income (23,127) (5,945} 10,165 13,214 (400) Cash absorbed by operations (101.175) (34,200) -24-