REGISTERED COMPANY NUMBER: 01204519 (England aDd Wal￿) REGISTERED CHARTTY NUMBER: 1056743 REPORT OF THE TRUSTEES AND UNALfDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR OPEN EYE LIMITED A COMPANY LIMITED BY GUARANTEE Malthouse & Company Chartered Accountants America House, Rumford Court Rumford Place Liverpool Merseyside L3 9DD OPEN EYE LIMITED A COMPANY LIMITED BY GUARANTEE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trustees I to 16 Independent Examin&s Report 17 to 18 Statement of Financial Activities 19 Balance Sheet 20 to 21 Cash Flow Statement 22 Notes to the Cash Flow Statement 23 Notes to the Financial Statements 24 to 36 Detailed Statement of Financial Activities 37 to 38 OPEN EYE LtMtTED A COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 ItriAKCH 2025 The Trustees who are also directors of the charity for the puryoses of the Companies Act 2006, present their report with the financial statements of th¢ charity for the year ended 31 March 2025. The trustses have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019) ORJEcfIvES AND ACTIVITIES Objects of the cbarity Open Eye developsj promotes, enables, celebrates, challenges and contextualises contemporary and historical art practice using or acknowledging a photographic language or technology for regional, national and international audiences. Aims The organisation aims to produce: - Learning and participation programmes; - Professional development opportunities. - PrO￿arnMeS of exhibitions. projects and events" Print publications; Online resources and spaces. - Newly commissioned artworks; and - Archived resources. Th¢ organisation aims to support and develop: - New audiences. Emerging and established artists. Opportunities for participation in arts activities; and - Curatorial knowledge and resources. Summary of polieles adopted to further the objects Open Eye will pursue these aims by the following principles: - Equality of opportunity, in both its work in photography and the development of the organisation. - Being at the forefront of technological changes of both traditional and electronic imaging. Developing partnerships with allied agencies" and - Creating and sustaining a mixed funding base. In setting our obj¢¢tiV¢S 4nd planning our activities the trustees have considered the Charity Commission's general guidanc¢ on pubLic benefit. Page I OPEN EYE LIMITED A COMPANY LIMtTED BY GUARANTEE REPORT OF THE TRUSTEES FOR IHE YEARENDED 31 MARCH 2025 OBJECTIVES ANL D ACTivrfIES Significant activities Overview. Open Eye Gallery's overnll attendance figures for 2024125 provide an indication of our ability to deliver at scale. Utilising the Arts Council's dats plarforni, Hluminate, overall figur¢s for th¢ year show 854,000 att¢ndan¢¢s at 386 ev¢ntslworkshops/exhibitions. These figures reflect impact in a wide spectrum of arenas - from a prestigious international exhibition attracting global audiences. to programme facilitst¢d thmugh national or priority area partnerships, to artists. d¢pth collaboration with small community ￿0upS in their neighbourhoods. Our value& and crosscutting themes of Climate and Social Justice guided decision making, underpinned a prograrnme shaped by the team, creatives, partners and communities, and supported by a proactive Board of Trustees. OPEN EYE GALLERY ON 4Vf IdlL' For Your Pleaswe Installation Shot Q Rob Battersby A Prngramme for Social ChAnge. Working with local authorities, key socially engaged artists residency projects engaged communities in celebrating their neighbourhood or town, each culminating in exhibitions: Livery)ool City Council extended our 3 artists residencies working with Anfi¢ld and GaTSton communities. in recognition of previous work in Chester and PrescoL English Heritage invited us to deliver another High Street Action Zone residency in Eccles; 50 years of Wigan Borough was celebrated as part of our programme with Wigan Borough Council. and Liverpool City Region invested in Photo Here. with six residencies in the six local authority areas - to be completed during 2025126. Page 2 OPEN EYE LIMITED A COMPANY LJMrrED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Addressing a pressing social challenge. we instigated a programme of creativ¢ r¢s¢ar¢h with re￿gets, asylum se¢kers and displaced community members via our socially engaged strand. This research inforn]ed SRgnificant new partnerships with county museums in Aberdeenshire, Scotland. and Arniagh, Northern Ireland, and funding to support New Faces. New Focus. an annual socially en8a8¢d programme which will run from September 2025126 to 2029130. Picturing Eccles Celebralion Day Q Anna Wijnhvven Multiple voices shaped the exhibition This Musi Be the Place in Wigan, with SEP artist in r¢sid¢nce at SWAP Clara Leeming collaborating with women from divers¢ communities - including asylum seekers - and Ruby Ramelize in residence with Global Friends collaborating with young people from thc global majority. Page 3 OPEN, EYE LIMITED A COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 --4r*- HERE UJE45 FDUllD ta7 _ H 5HFE PLRIE ItVP14 Texlile banner pnade by Clara Leeming, Lou Miller andsome ofihe women and childrenfrom SIYAP. Our Responsive Programme utilises staff ¢xpertise an(Vor our facilities in support of artists or organisations that share our values to develop their ideas or projects. The resulting exhibitions and events gave platforni to a diversity of voices exploring themes from youth culture, to h￿th and well-being, disability, recovery, equity. and beyond. Highlights from 2024125 include Kirsty MacKay's Magic Money Tr¢¢ on OUT for¢st ¢xbibition stands, Kirsty worked collaboratively with gTOUPS and individuals from across England to explore the impact of the cost-of-living crisis, and Rage, Riot and Revolution, also on our stands in collaboration with DaDa Fest, Liverpool's disability and Deaf arts organisation. Sharing learning through community collaboration in public events was augmented through longer impact initiatives. including: story telling via fihn content on our YouTube channel. people's photr) stories submitted via our Open Stories and Tree Story plarforn]s' and exhibition VR shared on our websits. Depth reflection on partnership working resulted in publications such as: 2 publications with longer-tern] parther Community Integrated Care. a Nalional Portrait of Care working with Stanley James Press and photographer Tadhg Devlin - to be launched summer 2025 and distributed to 50 policy makers and funders across the social care sector - and Photosteps Photography Resource Toolkit for s¢rvi¢es with adults with learning disabilities shared with Community Integrated Care homes staff nationally" an international peer learning programme and publication around prison education working with Novus prison service, 3 UK prisons and Preus Muscum in Norway. to be shared via ISSUU and the National Criminal Justic¢ Arts Alliance summer 2025. and finally Tracky our publication wrttten by an individual to chart their journey into professional socially engaged pr￿tiCe, this year focussed on Andy Yates, an established practitioner we supported from graduation at Hugh Baird University C¢ntre in Bootle, shared via our ISSUU plarfornl. Page 4 OPEN EYE LIMITED A COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR IHE YEAR ENDED 31 MARCH 2025 The hlowerb Siill Grow LuunLh Nighi o Rab Baller&by Also, this year's Crossing Sectors ￿er learning progrnmme supported 20 people (photographers, partner staff and artists, including our first international artist Eda EmirdaÈ from our partnership in Turkey) to learn from each other, and from 6 other cross sector leaders, over 6 monthly half day sessions. Collaborating on Climate. Over the summer ow LOOK Photo Biennial programme reflected on clirnate issues, often working with environmental experts, with exhibitions across 5 sites in Liverpool, Salfort Wigan and Cumbria in th¢ summer and autumn. The programme built from our Climate Lab (January to March 2024) to share international and national persp¢ctives developed via resvarch, including Protege Noctem by Mattia Balsamini, Precious Metsls by Melanie King, We Feed the UK by Johannes Pretorius. Simultaneously artists based across the region, students and communities exhibited work explorin8 natural environments with significance and connection to them. Page 5 OPEN EYE LIMITED A COMPANY LIMITED BY GUARANfEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 LOOA Pholo 13iennial. Melanie King Jnjtdlluliun Shoi O Rob Battersby Over the summer and autumn photographer Stephanie Wynne worked with Liverpool University to explore urban communities, relationships with green and blue spaces in Liverpool, Edinburgh and Belfast. The resulting work, exhibited on our exterior wall. also fomied the centre piece for a national conference in University of Liverpool's The Spin¢. Long-terni strategic partnerships facilitated new programmes on Climate Justice: working with the University of Saiford Art Collection, we instigated 4 new residencies partnering the Royal Horticultural Society in Bridgewater and working with 3 community groups. working with Wigan Borough council we st&rted a new Tree Siory programme, with socially engagcd artists working with schools and communities to explore onnections to naturc, includin8 via a new Tree Story Iyigan open access online platforni. Page 6 OPEN EYE LIf￿[[TED A COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 r•1 Whitby High School Student Workfhop with Artisi Lizie King Q Anna Wijnhoven In Support of Ukraine SimulLqneously* our exhibition programme included significant national and international work. Thvo exhibitions extended the reach and profile of our work in support of Ukraine. The fwst was our Home.. Ukrainian Pholography. UK Words exhibition, which toured the UK culminating in the Hous¢s of Parliarnent and championed in spccchcs from Sir Lindsay Hoyle (Mr Speak¢r), Chris Bryant (DCMS Minister), Peter Heslip (Director of Visual Arts, ACE) and Cortina Butler (Director of Arts, British Council). The second involved supporting our Ukrainian curator. Max Gorbatskyi and associate curator, Viktoriia BavYkIn￿ to deliver the Ukrainian Pavilion at the 60th Venice Biennale. In both instances, the voices of Ukrainian p¢ople (displaced and in-country), as well as Ukrainian artists and curators, ensured authenticity and aligned with our inclusAV¢ valu¢s. Collectively these exhibitions rcached an audience of over 515.000. Page 7 OPEN EYE LIMITED A COMPANY LIMtrED BY GUARANtEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 nG Nei Maknng, Ukrainian Puvilliun ￿ VL'nicL. BiLnnulL' L, Rob Baiiersby In March we p&rtn¢r¢d Reuters and Th¢ Guardian to open an in-gallery exhibition No Iconic Images, Views of War which included Ukrainian photo-journalists, as well as photo-journalists working across the worl(L alongside installation works by FO￿nSiC Architecture and The Centre for Spatial Tecl)nologi¢s. Th¢ show resulted in profile media oov¢rage and an impactful symposium featuring leading figures in this field, including Reuters phOtO￿pher5 from Ukraine and the USA, th¢ Guardian Pictur¢ Editor. the Ukrainian Institute and The British Journal of Photography. (now available on our YouTube channel). Growing Talent. Talent development is embedded across the programm¢. supporting ¢r¢ative$ to experimajt or expand their practice at all career stages. with creatives accessing 71 paid opportunities, from fees for exhibitio￿ to residencie& to speaking at an event or working on a programm¢. 16 early career Creatives ernployed across the programme We￿ supported to develop work, deliver workshops OT events, or as team memlKrs on 'fwst job, &month contracts. We continue to adjust the way we work to gN)w SEP photographers from r¢fugee or displaced communities: with Nina KareStSk￿ we funded a film sharing her incredible creative collaboration with her displaced Ukrainian community in Sefton. with Hassona we bought him professional cquipment. then when he received settled Statu￿ employed him to work with refugee and asylum seekers in St H¢l¢ns' and Anoosh Ariamehr continues &s an employee whilst he develops his practice with refugec communities in Knowsley. broader communities via the RHS community garden residency. and is completing our SEPP MA. with the University of Salford. for which we are providing his fees. Page 8 OPEN EYE LIMtTED A COMPANY LIMITED BY GUARANfEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 W¢ are mindful that wcer development can be equally imwrtant for undcr-recognised established practitioners. The in-gallery exhibition 'Proximity' by Sefton bas¢d photographer Stephen Mccoy, was his r￿st solo exhibition. although he had featured in significant group exhibitions nationally and internationally. The show receiv¢d good media coverage including from the Gtwdian. Martin Parr visitsd the show and it will tour to the Martin Parr Foundation An October 2025. Proximity, S'iephen Mccoy Inslallalion Shot O Rob Ballertsby Two in-gallery exhibitions were co-curated with 'pop cultur¢, creatives and designed to raise th¢ir profile: ,faturday Town. by photographer Casey Orr, looking at people's identity through fashion portraits d¢v¢loped with individuals in pop-up Studios on high streets across the country, provided a SI￿lfICant Celebration of the last 10 years of this project. Orr has subsequently developed a sister programme with Stockroom (Stockport). For Yozw Pleastffe. an in-gallery exhlbition championed queer curators Duo Vision (James Lawyer and Martin Green). Tevisiting their part in 1990's queer clubbing culture in Manchestcr and tA)ndon thrnugh the work of 4 seminal club and band photographers. We commissioned a film that focused on the valuc of 'the authenti voice,, intervicwing them and inviting rcsponses from artists they worked with over th¢ir careers. Our (LGBTQ+ id¢ntifying) Assistant Creative Producer, Bronwyn Anthews, Work￿ on the co-curation contributing to a curatorial M.A. (which OEG are funding). The exhibition received ¢xc¢ptional online attention and strong media including; BBC news, Liverpool Echo. BBC Merseyside. British Journal of Photography. Aesthetica and Creative Tourist. As well as record audience figures for the winter time of year. Page 9 OPEN EYE LIMrfED A COMPANY LIMIIED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 For Your l?leasure Q Rob Ballertsby Staff and volunteer CPD remains a key consideration. Additionally to Anoosh Ariam¢hr's M.A., Anna Wijnhoven completed th¢ sam¢ M.A. ￿dUatIng in autumn 2024. and OEG are supporting 2 t¢am members towards an M.A. in Curating in collaboration with Teesid¢ University. and Liz W¢wiorn towards a PHD. The volunteer programme continues to thrive, there were 39 active volunteers in 2024125. Volunt¢ers were supported to create a Digital Window Gallery exhibition, and a new issue of th¢ volunteer-led publication, Platforni. Th¢ programme is tailored to each volunteer's interests, allowing them to gain experience specific to their ambitions, for example in 2024125 we also supported volunteers to work on front of house and events, support exhibition installation and de-stsll, write for the websit< and work with the archive. During 2024125 we grew our Board of Trustee& establishing a new Young Board Member programm¢. and welcoming new Trust¢¢s with expertise in sustsinability. data analysis and communication5. Sol Papadopoulos joined Lindsey Fry¢r as Co-chair and together they steer the work of th¢ board. We hav¢ ¢stsblished working groups including Environmental, Equality, Diversity and Inclusion and Communications and Daw these groups have Trustees, young Trustees and staff representstion and report back to the full Board during quarterly meetings. We hosted the annual Team and Board Away Day in November 2024 at the Williamson Art Gallery and Museum with a focus on horizon sw)ning, mitigating challenges and advocacy. Partnership. As the above illustratcs, our extensive programme is made possible through partnership. Feedback from partners has continued as ovcrwhelmingly positivc. as reflected in the repeat parther progTamm¢s in Wigan. Liverpool City Region and Salford. Pag¢ 10 OPEN EYE LIMtTED A COMPANY LIMITED BY GLiAIL4NJEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 THIS MUST BE THE TH151JU¥t6EMPLACE PLACE L*Fth Tlus Musi be the Place, Wigan Hub Installation Shoi Q Sara Lawlor Repeat parln¢rship5 are essential to our funding model, and numerous collaborations over 2024125 have developed to invest in the 2025126 programme and b¢yond. This includes partnerships with ¢ulturnl organis&tions, for example: Homotopia, who invested in For Your Pleasure. is partnering on Photo Here, and potentially Climats Lab in 2026. individual artists, ft)r example Eda Emirdak, a Turkey-based artist who presented Belly Button, a visual ¢ssay questioning th¢ plastic surgery industy's impact on women via a screening and workshop, invited our SEP lead to present in Turkey in May 2025. Partnership also shapes future prograrnme, developing new investment opportunities, for example Preus Museum, a 2024 partner developing our toolkit for photography in prisons, is investing in taking our Home: Ukrainiapl Photography exhibition to Norway in 2026. And partnership levers additional investmen( for example: English Heritage. following a three year investment in High Street Action Zon¢ resid¢ncies in Prescot and Chester with local authority partnerships. they invited us to und¢rtak¢ the funded 2024 Eccles Residency; Arts Council England lottery funds enabled the Home tour, and is supporting the RHS Residencies: and British Council supported the previous year5 symposium on Ukrainian Photography and then tb¢ 2024 Venice Biennale exhibition, and now the fornjation of a digital publication: Art Fund supported our refugee research in 2024125 and has Conf￿rned inv¢stment in the 2025-30 New Faces. New Focus programme. NLHF invested in Tree Story, Liveryool, and now in Tree Story Wigan. and is supporting Few Faces, New Focus. Digital Highlights. We digitally published a wide range of contsnt. Pag¢ll OPEN EYE LIMITED A COMPANY LIMtIED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Videos and short fihn supporting our exhibitions were published on our YouTube channel, for exarnple: videos to support the Saturday Town exhibition, with people reflecting on their identity. self-expression and the inclusivity of fashion, with the most popular video gaining 2.2k views 2 videos to support LOOK Climate Lab and Bietmial, which are the recordings of panel discussions (Art and Science and Regenerative Conversations), so that people who couldn't attend the events could still take part. 8 videos to support HOME, a symposium on wnt¢mporary Ukrainian photography (recordings of talks) 2 videos to support For Your Ple&8ure and Rave On exhibitions (interviews with curators and participants) 2 video recordings of the events and discussions in the gallery (In conversation with Kristy Mccay and M￿riage (In)Equality panel discussion). We also had 6 publications, often in collaboration with partners" on our ISSUU platfonn. They are: Reflecting On Creative Neighborhoods. Ukrainian Stories in Wigan, Socially Engaged Photography Network Report, The Return of Spellow Library and Tracks - a series of publications focusing on the creative carriers of local photographers. The first edition of Track4 featuring Sam Batley. got over 400 reads. 5fp.wlS. IbW¢IW hSlW(IBI Q Declan CoFmoIIy Page 12 OPEN EYE LIMtTED A COMPANY LIMITED BY GUARANTEE REPORT OF IHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Our website was redesigned for a clearer structure, including accessibility features. OUT websit¢ featurcd uniqu¢ creativ¢ writing ¢ontenL such as: Prcscot Photography Club: How photography united local community. Childhood is a Garden: Interview with Miriam Fluchter, 'How can socially engagcd photography benefit community gardening.,. Intervention and Renewal essay on photography and r¢g¢nerative farming. The Treestory online project continued to get submissions and was expanded to Wigan. Open Eye Gallery participated in international online events promoting socially engaged mod¢ of artistic practice (Liz Wewiora in W¢binar'. Socially Engaged Photography) Media Coverydge Open Eye Gallery receive external recognition for its outstanding work, including: Open Ey¢ Gall¢ry's creative producer being shortlisted for the Northern Cultural Education Awards 2024 Treestory interactive parti¢ipatr)ry online project received Heritage Interpretation Awards Open Eye Gallery was shortlisted for the Art Organisation of the Year Award LCR Open Eye Gall¢ry was the winner of the Environmental Award (Liverpool City Region Cultur¢ and Creativity Awards) Open Eye Gallery supported the Ukrainian Pavilion during the V¢nice Biennale. receiving international publications in The Guardian, Vogue Ukraine, The New York Times. and many others. The touring exhibition of Ukrainian photography was featured on the UK Parliament Heritsge Collections website. It also received publications in The Art Newspaper, Photogrdphy News, Financial Times, Art M Sunday Pos¢ Th¢ Obs¢rv¢r. Open Eye Gally's curator, Max Gorbatskyi had his interview published in The British Journal of Photo￿aphY. The For Your Pleasure and Rave On exhibitions received exceptional media coverage, including publications in The Guardian. British Journal of PhotO￿Phy, BBC News, BBC Radio Merseyside. Liverpool Echo. MixMa8, Aesthetic￿ Metal. Creative Tourist, Museum of Youth Culture. No Iconic Images exhibition, exploring war photogrnphy> was featured in The Double Negative. Liverpool Live R￿10, Art in Liverpool, Culture Liverpool, Art in The Middle, The Guardian, Source, Magnum Photography Instagram. Summary. Overall, another strong and positive year for Open Eye Gallery. Our expanding 'family' of contributors continue to inform our thinking on what makes a valuerdrivcn 21st Century arts organisatioffj and shape tangible impact for artists, communities and local. national and international partner5 in multiple arenas. For more info on impact see https.'Ilopeneye.org.uk/about/impactJ Page 13 OPEN EYE LIMtTED A COMPANY LINllTED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRATEGIC REPORT Financial position Our financial position remains healthy with an increasingly diverse funding base. Core revenue funds from Arts Council England and Liverpool City continued for 2024125 and both bodies have extended current funding level for 2025126. Reserves policy Open Eye Gallery holds free reserves in line with our reserves policy broadly equating to at least 3 months operating costs. This provides protection should funding streams be cut and gives Open Eye Gallery time to secure alternativ¢ sources of funding or close the organisation in a controlled manner should no alternative funding be available. At 31 March 2025 reserves appear higher than thi& but lower than last year as we continued to invest in planned capital improvements. How¢v¢r there are monies eannarked for projects which take place over more than one financial year. Political and eharitAble contributions No political or charitable contributions were made by the charity during the year. STRUCTURE, GOVERNANCE AND MANAGEMENT Goveniing doeument The charity is controlled by its governing document, a deed of trus( and constitut¢s a limited company? limited by guarantee. as defined by the Companies Act 2006, The oharity is a company limited by guarantee aad has no share capital. The liability of each member in th¢ event of winding up is £1. Recruitment and training of new trustees Trustees are recruited on the basis of a regularly reviewed skills audit and ongoing discussion b¢tween the Chair of the Board and Executive Director about Board development. Induction is led by the Executive Director according to established procedures. Training and development needs are regularly discussed at Board meetin8S. The current board a range of skills including business management, finance, arts education, art-pwtice, curatorial practice, arts administration. marketingldevelopment, and legal. Page 14 OPEN EYE LIMtTED A COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT Organisational structure The trustees, who are also the Board of Directo￿, meet quarterly to approve the organisation's policies. goals and objcctives. These policics arc notified to the Executive Dircctor and her staff who work to apply them to hieve the Charity's objectives. The Board work with the Executive Director on finance matters and discuss any issues at their quarterly meeting. Governance Key Board development work during 2024125 focused on strengthening sub-gmup activity, supporting staff. and ensuring robust governance in response to an evolving cultural landscape. Co-chair Lindsey Fryer continued to lead work on organisational cultur¢, supporting a learning-based approach to Equality. Diversity and Inclusion (EDI) and helping embed this across the organisation. The EDI Sub-committee, supported by Salma Rahe¢m and the Young Board Members, Completed its first full year. contributing to internal dialogue and r¢fl¢ctiv¢ learning sessions, Plans are now in place to evaluat¢ this initiative and consider a new cohort of Young Board Members for 2025126. lan Stenton led th¢ new Environment Working Group, alignin8 Open Eye Gallery's environmental ambitions with its broader sustsinability commitments. James Gadd and Lindsey P¢llow co-chaired the Comms and Data Working Group, supporting staff in improving digital communications, data management and public engagement strategies. Both sub-groups included participation from Young Board Members, ensuring new perspectives infornied governance and programme development. Board members continued to bring specialist skills to key areas of organisational management. Christiane Todd supported staff on legal mattcrs and the ongoing refinement of HR policies. Stephen Lucy worked closely with the internal finance lead and Executive Director to monitor quarterly accounts and assess fundraising progress. During the year. Sol Papadopoulos was appointed Co-chair alongside I.indsey Fryer, strengthening leadership capacity and ensuring balanced oversight between creative and organisational priorities, The co-op¢ration and management between the two Co-chairs has been highly effective, fostering a collaborative ulture across the Board and executive team. The annual Board Awayday provided an opportunity for Trustees and staff to review prO￿S$, reflect on organisational priorities and governance practices. and align strategic planning across all working wups. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 01204519 (England and Wales) Registered Charity number 1056743 Registered offlce 19 Mann Island Liverpool Merseyside L3 IBP Page 15 OPEN EYE LIMtTED A COMPANY LIMrtED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Trustees Lindsey Fryer- co-chair Sol Papadopoulos - co-chair Peter Mearns (r¢signed I l.10.24) Gary Bratchford Christiane Todd Lilian Otaye-Ebede Salma Raheem St¢ven Lucy Ghazal Vahed (appointed 29.7.24} lam Burn (apwinted 29.7.24) Maike Potschulat (appointed 29.7.24) James Gadd (appointed 29.7.24) lan Stenton (appointed 29.7.24) Alasdair Roxburgh (appointed 29.7.24) (resi￿ed 7.10.24) Aditi Shah (appointed 29.7.24) Lindsay Pellow (appointed 29.7.24) Erin Shields (appointed 29.7.24) Isaac Costello (appointed 29.7.24) Afzal Khan (appointed 29.7.24) The directors of the charitable company ("the charity") are its trustees for the purpose of charity law 8nd throughout this report are collectively referred to as the trnstees. Company Seeretsry Sarah Louise Fisher IndepeDdenl E￿mfjner Malthouse & Company Chartered A¢¢ountsnts America House. Rumford Court Rumford Place Liverpool M¢rs¢yside L3 9DD National Wesiminster Bank PIC EXEcirfIvE DIRECTOR Sarah Louise Fisher Report of thc trustees. incorporating a strate company d1￿CtOrS. on .....Z7.. report, approved by order of the board of trustees. as the alld signed on the board's bchalf by: Lindsey Fryer - [ru Page 16 INDEPENDENT EXAMtNER'S REPORT TO THE TRUSTEES OF OPEN EYE LIMITED A COMPANY LIMITED BY GUARANTEE Independent examiner's report to the trustees of Open Eye Limited A Company Limited by Guarantee ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. RespoDsibilities and basis of report As the charity's trustses of the Company (and also its directors for th¢ purpos¢s of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your hariws accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In carying out my ¢xamination I have followed the Dire¢tions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Page 17 INDEPENDENT EXATrfft￿R's REPORT TO THE TRUSTEES OF OPENT EYE LIfkllTED A COMPANY LIMITED BY GUAII4NTEE Independent examiner's statement Since your charitys gross income exceeded £250,000 your examiner must be a member of a listed body. I can conffftn that l am qualified to undertake the examination because I am a member of the Institutc of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confmn that no matt¢rs have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 the accounts do not accord with those records" or the accounts do not comply with the accounting requirements of S¢Gtion 396 of the 2006 Act other than any requirelnent that the accounts give a true and fair view which is not a matter considered as part of an independent examination. or the accounts have not b¢¢n pr¢par¢d in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by Charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi of Ireland (FRS 102)). I have no concerns and have come across no other rnatters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of th¢ accounts to be reached. Guy Playfer BA FCA Malthouse & Company Chartered Accountants America House, Rumford Court Rumford Place Liv¢rpool Merseyside L3 9DD Page 18 OPEN EYE LIMITED A COMPANY LI￿￿TED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUTrID FOR THE YEAR ENDED 31 MARCH 2025 31.3.25 Total funds 31.3.24 Total fijnds Unrestricted Restricted funds funds Not¢s INCOME AIYD ENDOWMENTS FROM Donations and legacies 10,964 696 11,660 15,188 Charltable activities Income from the operation of a photowphic gallery and exhibitions 323.096 293.100 616,196 660.221 Lnvestment in¢ome Other incorne 5,635 E29 701 5.635 129 701 8,443 Total 469 396 293 796 763 192 771 142 EXPEIYDITURE ON Charitable Activities Operation of a photographic gallery and exhibitions 572 179 261 344 833 523 736 385 NET INCOMEI(EXPENDITURE) (102,783) 32,452 {70,331) 34,757 RECONCILIATION OF FtrNDS Total funds brought forward 449,040 76,215 525,255 490,498 TOTAL FUNDS CARRIED FORWARD 346 257 108 667 454 924 525 255 The notes fonn part of thes¢ f￿￿]Cial staternents Page l9 OPEN EYE LIMITED A COMPANY LIMtTED BY GUARANTEE BALANCE SHEET 31 MARCH 2025 31.3.25 Total funds 31.3.24 Total funds Unrestricted Restricted funds funds Notes FtXED ASSETS Tangible assets Heritage assets 12 13 407,669 73,130 407.669 73,130 418.183 73.130 480.799 480.799 491.313 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 14 15 16.790 140,238 111436 16.790 140,238 220 102 13.314 115,189 338 199 108666 268,464 108,666 377,130 466,702 CREDITORS Amounts falling due within one year 16 {34,955) (34,955) (40,630) NET CURRENT ASSETS 233 509 108 666 342 175 426 072 TOTAL ASSETS LESS CURRENT LIABILITIES 714.308 108.666 822.974 917,385 CREDITORS Amounts falling due after more than on¢ year 17 (368,050) (368,050) (392.130) NET ASSETS 346 258 108 666 454 924 525.255 18 un￿triCted funds Restricted funds 346,258 108,666 449,040 76,215 TOTAL FUNDS 454,924 525,255 The charitable company is entiiled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not Tequired the cornpany to obtain aTL audit of its fll]ancial statements foT the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The notes forni part of these fmancial statements Page 20 continued.. OPEN EYE LIMtTED A COMPANY LIMtTED BY GUARANTEE BALANCE SHEET- continu¢d 31 MARCH 2025 The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing fmancial statements which give a true and fair view of the state of affairs of the charitable company as at thc end of each fmanciaj year and of its surplus or deficit for each fmancial year in accordanc¢ with the requirements of Sections 394 and 395 and which otherwise ¢omply with the requirements of th¢ Companies Aot 2006 relating to financial stat¢ments, so far as applicable to the charitable company. The financial statements were approved by the Board of Trustees and authorised for issue on t.￿.?>. and were signed on its behalf by: Lindsey Fryer te¢ Steven Lucy The notss fonn part of these fmancial statements Page 21 OPEN EYE LtE¥ttTED A COMPANY LIMtTED BY GUARANTEE CASH FLOW STATEMENT FOR IHE YEAR ENDED 31 MARCH 2025 31.3.25 31.3.24 Notes Cash flows from operatlng actlvltles Cash g¢n¢rat¢d from operations Tax received (193.306) (72,018) Net cash used in operating activities 106 016) CAsb flows from illvesting aetivities Purchase of tangible fixed assets Interest received (17.716) (11,932) Net cash used in investing activities 12,081) Change in cash and cash equivaleDts in the reporting period Casb and casb equlvydlents at the beginning of the reporting period (l18,097) (7,620) 338 199 345 819 Cash and eAsh equivalents at the end of the reporting period 220 102 338 199 The notes fonn part of these fll)ancial statements Page 22 OPEN EYE LINttTED A COMPANY LIMITED BY GUARANTEE NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 RECONCILIATION OF NET (EXPEIYDITURE)IINCOTrtE TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.25 31.3.24 Net (expenditure)/income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received Cu￿ent tax in net incomel{expenditur¢) Increase in stocks Decr¢asel(increase) in debtors Decrease in creditors (70,331) 34,757 28.230 (5,635) (129,102) (3,476) 16.763 29,861 (8,443) (87,290) (4.279) (17,127) Net eash used In operatlons 193.306) 72.018) ANALYSIS OF CHANGES NET FUNDS At 1.4.24 Cash flow At 31.3.25 Net CAsb Cash at bank and in hand 338,199 118,097) 220,102 338,199 118097 220 102 Total 338 199 118 097) 220 102 The notes forni part of these financial statements Page 23 OPEN EYE LtMtTED A COMPANY LIMITED BY GUARATr¥fEE NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2025 STATUTORY INFORMATION Open Eye Limited is a public benefit entity, limited by guarantee and registered in England and Wales. The companys rcgistcred number. charity number and regist¢r¢d offic¢ addr¢ss be found in the Report of the Trustees. ACCOUNTllYG POLICIES BASIS OF PREPARll¥G THE FINANCIAL STATEL￿ENTs The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to chariti¢s preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under th¢ historical cost ¢onv¢ntion. ]NCOME All income is r¢cognis¢d in th¢ Ststement of Financial Activities onc¢ the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Donations and legacies includes gifts, donations and grants of a g¢neral nature, and are recognised when r¢c¢ivabl¢. Such income is only deferred when: - The donor sp￿lf1¢S that th¢ donation or ￿ant must only be used in future accounting periods. or The donor has imposed conditions that must be met before the charity has unconditional entitlement. Income from charitable activities includes grants receivable for services provided under contra¢t 8nd income from ancillary trading activities (book and card sales, touring exhibition fees. print sales), and is r￿Qgnised when the related goods or services are provided. Investment incom¢ is r¢cognised on a receivable basis. The value of services provided by volunteers is not incorporated into these financial statements. Where services are provided to the charity as a donation that would nornially be purchased from suppliers, this contribution is included in the fmancial statements at an estimate based on the value of the contribution to the charity. EXPENDITURE Liabilities are recognised &s expenditure as soon as there is a legal or constNctive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of th¢ obligation Can be me&sured reliably. Expenditurc is accounted for on an accrnals basis and has been classified under headings that awegate all cost related to the category. Where costs c8nnot be directly attributed to particular hcadings they have been allocatcd to activities on a basis consistent with th¢ use of resources. Page 24 continued... OPEN EYE LIMITED A COMPANY LIMITED BY GUARANTEE NOIES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTllYG POLICIES- COlltSllued CHARITABLE ACTIvrrIEs Charitable activities is expenditure &ssociated with the provision of exhibitions and other projects and includes both the direct costs of those activities and support costs relating to the activities. GOVERNAIYCE COSTS Governance costs are costs arising from th¢ public accountability of the charity and include the cost of the annual independent ekqmination. ALLOCATION AND APPORTIo1￿ENT OF COSTS Support costs have been allocated to activities on a basis consistent with the use of resources. TANGIBLE ASSETS Fixed assets are included in these accounts at cost. Depreciation is calculated by the following method and rates when they are first brought into us¢".- Technical equipment Gallery refurbishment Fixtures, fittings & equipment Frames straight line Over the temi of th¢ lea straight line straight line 200/0 HERITAGE ASSETS Heritage assets are exhibition prints and are initially recognised at cost. Where such assets are donated to the charity and/or acquired in past accounting p¢riods and not capitalised they are recognised at fair valu¢ at that date. This ts an initial valuation, not a revaluation, in ￿COrdanCe with SORP paragraph 263. Heritage assets are not depreciated because they hav¢ a very long use￿1 life and a high residual valu¢ so any depreciation charge would be immaterial. STOCK Stock includes books, cards and other items for r¢sal¢ and is valued at the lower of cost or net realisable value. TAXATION The activities of the charity are exempt from corporation tsx . FUND ACCOUNTING Restricted funds can only be used for particular purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds have been rai5¢d for a particular purwse. Unrestricted funds can b¢ used for any purpos¢ within the ¢haritable objects. DeSI￿ated funds are funds set aside at the discretion of the trustees out of unTestricted funds. Page 25 continued.,. OPEN EYE LIMITED A COMPANY LIMITED BY GUARA14￿4 E NOIES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES - continued PENSION COSTS AND OTHER PoST-RETIREmE￿ BENEFITS Th¢ charitabl¢ company operates a defined contribution pension schem¢. Contributions payabl¢ to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relats. LEASES Rentals payable under operating leases are charged to the SOFA evenly over the peri￿ of the lease. PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS The charity uses the NEST workplace pension scheme. Contributions payable are charged to the profit and loss a¢¢ount in the period to which they relate. GII4NtS Capital grants are initially held on the balance sheet, and then amortised in line with the depreciation policy on the assets to which they relate. DONATIONS AND LEGACIFS 31,3,25 31.3.24 Grants Donations 9,446 STMENT ll¥COME 31.3.25 31.3.24 Deposit account interest Page 26 continued... OPEN EYE LIMITED A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL sTATE￿￿NTs - ¢ontinued FOR THE YEAR ENDED 31 MARCH 2025 INCOME FROM CHARITABLE ACTIVITIES 31.03.25 31.03.24 Service level agreement with Arts Council England, North West Service level agr¢¢m¢nt with Liv¢rpooI City Council Earned income 246,759 32,300 337 137 246,759 32,972 380 490 616 196 660 221 Grants included in the above 279 059 279731 CHARITABLE ACTlVtfIES COSTS Support costs (see note 7) Direct Costs Totsls Operation of a photographie gallery and exhibitions 807 988 833 523 SUPPORT COSTS Gov¢rnan¢¢ costs Finan¢e Totals Operation of a photographic gallery and exhibitions LYET INcOME1￿XPENDjTllRE) Net income/(expenditure) is Stat￿ after charginy](crediting): 31.3.25 31.3.24 Independent examinerfs fee Depreciation - owned assets 4.740 3,900 Page 27 continued... OPEN EYE LIMITED A COMPANY LIMITED BY GUAII4NTEE NOTES TO THE FINANCIAL STATEMENTS - continu¢d FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES, REMUNERATION AJYD BENEFITS There were no tn￿tees, remuneration or other benefits for the year ended 31 March 2025 nor for the year cnded 31 March 2024. TRUSTEES, EXPENSES No expenses were paid to the Trustees for th¢ Y￿ ended 3 l March 2025 nor for the year ended 31 (arch 2024. 10. STAFF COSTS Th¢re were no employees with emoluments above £60.000. The average numbcr of stsff during the year was E 5 (2024: 16). The aggregate payroll costs of those persons w¢r¢ as t'ollows: 31.3.25 31.3.24 Salaries Employerfs National Insurance Pension costs 234.484 14,054 240,389 12,985 252 690 257 592 11. COMPARATIVES FOR THE STATEMENT OF Fll¥ANCIAL ACTIVITIES Unrestricted Restricted funds funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 15,188 15,188 Charitable activitie8 Income from the operation of a photographic gallery and exhibitions 415,083 245.138 660,221 Investment income Other incom¢ 8,442 87,290 8,443 Total 526,003 245 139 771 142 EXPENDITURE ON Charitable activities Operation of a photographic gallery and exhibitions 505,180 231.205 736,385 Page 28 continued... OPEN EYE LIfvttTED A COMPANY LIMtTED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 11. coTrtPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- eontlnued Unrestricted Restricted Total fimds fimds funds NET INCOME 20,823 13,934 34,757 RECONCJLIATION OF FUNDS Total funds brought fO￿ard 428,217 62,281 490,498 TOTAL FUNDS CARRIED FORWARD 449 040 525 255 12. TANGIBLE FIXED ASSETS Fixture, Technical Gallery fittings equipm¢nt refU￿ishMent & equipment Frames Totats COST At l April 2024 Additions 19,760 696,584 53,980 17.716 500 770,824 At 31 March 2025 19.760 696 584 500 788 540 DEPRECIATION At l April 2024 Charge for year 19,760 289,339 43,042 500 352,641 At 31 March 2025 314217 500 380 871 IYET BOOK VALUE At 31 March 2025 382 367 407 669 At 3 l March 2024 407 245 418 183 All tangible f￿ed assets are held for the charity's own use. Page 29 continued... OPEN EYE LILMITED A COMPANY LIMIIED BY GUARANTEE NOTES TO THE F￿ANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 13. HERITAGE ASSETS Total COST At l April 2024 Additions Disposals 73,130 At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 E leritage assets are exhibition prints. 14. STOCKS 31.3.25 31.3.24 Stocks 15. DEBTORS: AmOU￿s FALLING DUE WITHIN ONE YEAR li 31.3.25 31.3.24 Trade debtors Museum & gall¢ri¢s tax ¢r¢dits Prepayments 5,616 I29,102 5,520 23,508 87,290 4,391 140 238 115,189 Page 30 continued... OPEN EYE LIMITED A COMPANY LIMITED BY GUAL4NTEE NOTES TO THE FtNANCIAL STATEMENTS - continu FOR THE YEAR ENDED 31 MARCH 2025 16. CREDrfoRS: AMOIJIYTS FALLING DUE WITHll¥ ONE YEAR 31.3.25 31.3.24 Trade creditors Social security and other t&xes Other credAtors Ac¢ru¢d expenses Deferred government grants 6,208 4.274 250 4,320 12.632 4.195 3,900 17. CREDITORS: AMOUNTS FALLJNG DUE AFTER MORE THAN ONE IIAR 31.3.25 31.3.24 D¢f¢rr¢d government grants 368 050 18. MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unregtrieted fuDd8 General fund 449,040 (102,782) 346,258 R￿tricted funds uos The Time We Call Our Own Residencies LCR Photography Prize Home Wigan Hub Wigan Tree Story Home Symposium 5,091 4,523 40,469 (5,091) (4,523) (17.463) 47,813 5,736 (18.590) 19,020 23.006 47,813 13,278 7,542 18,590 19.020 108 666 TOTAL FUNDS 525 255 70,331) 454 924 Page31 continued... OPEN EYE LIMITED A COMPANY LIMtTED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS . continued FOR THE YEAR ENDED 31 MARCH 2025 18. MOVEMENT IN FUNDS- contfinlled Net movement in funds. included in the above are as follows: Incoming resources Resources ¢xp¢nd¢d Movement in funds Unrestricted funds General fund 469,397 (572,179) (102,782) Restrlcted funds LOOK Photo uos The Time We Call Our Own UCEN Post Residencies LCR Photography Prize Home Wigan Hub Wigan Tree Story Ant Clausen Home Tour Home Symposium 696 (696) (5,091) (4,523) (6,000) (67,463) (6,187) (68,196) (22,590) (5,880) (13,498) (45,206) 16014) (5,091) (4,523) 6,000 50,000 54,000 73.932 4,000 24,900 13.498 45,206 (17,463) 47,813 5,736 (18,590) 19,020 293 795 TOTAL FUNDS 763 192 833 523 Page 32 continued... OPEN EYE LIMITED A COMPANY LtMtTED BY GUARANTEE NOTES TO THE FtNANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 NIARCH 2025 18. MOVEMENT IN FUNDS - continued Comparatives for movement in thnds Net movement in funds At 31.3.24 At 1.4.23 Unrestrictsd funds General fund 428,217 20,823 449,040 Restrieted fund8 uos The Time We Call Our Own NHLF Trees Project UCEN Post Residencies Home Wigan Hub 4,887 4,523 8.228 2.654 41.989 204 5,091 4,523 (8,228) (2,654) (1,520) 7,542 40,469 7,542 TOTAL FUNDS 490 498 525 255 Comparative net movement in fimds, included in the above are as follows: Incoming resources R¢sour¢e$ expended Movement in funds Unrestrieted funds General fund 526,003 (505,180) 20,823 Restricted funds uos Hong Kong Delegation NHLF Trees Project UCEN Post Residencies Home Wigan Hub 204 60 204 (60) (8,228) (2,654) (61.888) (133,090) 25285) (8,228) (2,654) (1.520) 7,542 18,590 60.368 140.632 43.875 245 139 231205 TOTAL FUNDS 771 142 736.385) Page 33 continued... OPEN EYE LIMITED A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATElvfENTS - ¢ontinu¢d FOR THE YEAR ENDED 31 MARCH 2025 18. MOVEMEIYT ]TrI FUNDS- Continued A current year 12 months and prior year 12 months combined position is as follows: Net movement in fimds At 31.3.25 At 1.4.23 Unrestricted funds General fund 428,217 (81,959) 346,258 Restrleted fund8 uos The Time We Call Our Own NHLF Tr¢es Project UCEN Post Residencies LCR Photography Pri Home Wigan Tree Story Home Syinposium 4,887 4,523 8,228 2,654 41,989 (4,887) {4,523) (8,228) (2,654) (18,983) 47,813 13.278 19,020 23,006 47.813 13,278 19,020 108666 TOTAL FUNDS 490 498 35 574) 454 924 Page 34 continued... OPEN EYE LIMITED A COMPANY LIMITED BY GUAIL4NTEE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 I& MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined net movement in funds. included in th¢ above are as follows: Incoming resources Resources expended MoveJnent in funds Unre8tricted funds General fund 995,400 (1,077,359) (81,959) Restricted fund$ LOOK Photo uos Hong Kong Delegation The Time W¢ Call Our Own NHLF Trees Project UCEN Post Residencies LCR Photography Prize Hom¢ Wigan Hub Wigan Tree Story Ant Clau5¢n Home Tour Home Symposium 696 204 60 (696) (5,091) (60) (4,523) (8,228) (8,654) (129,351) (6.187) (201,286) (47,875) (5,880) (13.498) (45,206) 16 014) (4,887) (4,523) (8,228) (2,654) (18,983) 47,813 13,278 6,000 110,368 54,000 214,564 47,875 24,900 13.498 45,206 19,020 492 549 46 538,934 ￿85 TOTAL FUNDS 1534334 (1569 908) L35 574) All r¢strict¢d funds are held in respect of restricted museum and gallery exhibitions. 19. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 M8r¢h 2025. Page 35 rA)ntinue(L.. OPEN EYE LIMITED A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 20. ULTIMATE COIYTROLLING PARTY The Charity was under the control of the trust¢¢s for th¢ period under review. Page 36 OPEN EYE LIMITED A COMPANY LIMITED BY GUARANTEE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 31.3.25 31.3.24 ll¥COME AND EM)OWMENTS Donations and legAeies Grants Donations 9,446 11,660 15,188 Investment ineome Deposit account interest 5,635 8,443 Cbaritable actlvllfie8 Service level agreement with Arts Council Englan