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
Indepe￿dent 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 re￿rt
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 Serio￿ly. 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 guid*ncc 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 Co￿81der how planned activities will
contribute to the ainis and objectives they have s¢t.
Summary of m*in 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 I￿￿tItutiOnal 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-￿S￿denCe, 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 AmperSand￿hot0wOrks.
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 DIRE￿oRs, 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 diStrib￿ed. 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 arti￿s. 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 fold￿Ut 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.
PhOto￿aphing 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 DIRE￿oRs, 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 BrOn￿Arts 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 ma￿h.
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 Se￿nd 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 Bri￿tOll 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 incI￿1ve 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 Pro￿amM¢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 au￿rnn (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 edU￿tiOnal 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 contin￿d 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 f￿lured 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 PhO￿workS 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 w1nd￿Own 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
Jenvood￿hoI0W0rk5 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
Cre*tion of new work
Produce and commission work for JPA5, AMpersand￿h0t0wOrkS Felloivship. Photoworks Festival. Photoworks
Weekender. new commission from Mahtab Hus5ain at Ikon Gallcryj and Festive Commission
Diversity, reAch and eng*gement
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 Focus￿Xplorers
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 ch￿lty 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
f￿anCIal rcporting, budgeling and fundraising strdtegie5 r¢Sp￿tIvelY.
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-l￿daY 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 r￿pect of the charity as required by S￿li0n 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 stat￿nent 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¢r*ting activities
Cash absorbed by operations
17
(101,175)
(34,200)
Investing Aetivities
Investment income received
895
236
Net Cosh gener*ted 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 be￿1 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 fi￿theranCc 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 Cl￿rÉtY 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 ￿nst￿ctiVe 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, a￿d 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 Specifi￿llY 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 rn￿ured 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 SfATEME￿S (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
Tr￿Stee5
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 Ao*lysis 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
Tot*1
2023
2023
Fund b*lances 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 tra￿saCtIOnS 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-