``` REGISTERED COMPANY NUMBER: 09099974 (England and Wales) REGISTERED CHARITY NUMBER: 1161282 ``` ## **`REPORT OF THE TRUSTEES AND`** ## **`UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022`** ## **`FOR`** ## **`MARTIN PARR FOUNDATION`** ``` Cresswells 12 Market Street Hebden Bridge West Yorkshire HX7 6AD ``` ## **`MARTIN PARR FOUNDATION`** ## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022`** |||**`Page`**|| |---|---|---|---| |**`Report of the Trustees`**|`1`|`to`|`4`| |**`Independent Examiner's Report`**||`5`|| |**`Statement of Financial Activities`**||`6`|| |**`Balance Sheet`**|`7`|`to`|`8`| |**`Notes to the Financial Statements`**|`9`|`to`|`14`| |**`Detailed Statement of Financial Activities`**|`15`|`to`|`16`| ## **`MARTIN PARR FOUNDATION`** ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022`** ``` ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report withthefinancialstatementsofthecharityfortheyearended31March2022.Thetrusteeshaveadopted the provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of Ireland (FRS 102) (effective 1 January 2019). ``` ## **`OBJECTIVES AND ACTIVITIES`** ## **`Objectives and aims`** ``` Toadvanceeducationinthearts,inparticulartheartofphotography,bytheestablishmentandmaintenanceof a galleryandlibraryofdocumentaryphotographybooksandphotographs,inparticularbutnotbywayof limitation, of the work of Martin Parr. ``` ``` Page 1 ``` ## **`MARTIN PARR FOUNDATION`** ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022`** ## **`OBJECTIVES AND ACTIVITIES`** ## **`Significant activities`** ## `Exhibitions` ``` TheMartinParrFoundation(MPF)gallerywasclosed(duetoCovid)fromJanuary2021toMay2021.Despite this MPFmanagedtoeventuallyshowallexhibitionsthathadbeenscheduledbeforelockdown,albeitsome much further down the line. ``` ``` Thegalleryre-openedwithChloeDeweMathewsThamesLog.WewentontoshowThildeJensenIamnot invisible, fromSeptember.BothThamesLogandIamnotinvisiblewerepartoftheinauguralBristolPhoto Festival programmetoo.BeingpartofthefestivalprogrammehelpedpromotetheMPFtoawideraudience.Following that JacquelineEnnis-Cole'scuratedgroupshowIntersectionalGeographies(theresultoftheOpenCallfor curators made in 2021) went on display in January 2022. ``` ``` The gallery is open to the public 4 days per week (Thu to Sun) and entry is always free. ``` ## `Membership scheme` ``` ThemembershipyearendedinNovember2021with370memberships,equatingtoabout£40,000revenue, The numberofmemberswasmarginallydownonpreviousyear(390)following18monthsofCovid Lockdowns. However,afterthegalleryreopenedwithThamesLog,membershipsign-upsoutperformedthepreviousyear. As ofMarch2022,subscriptionwereoncoursetooutperformallpreviousyears.InMarch2022theMPF also welcomedanewPatronwhodonated£5,000.TheMPFheldtwomembershipevents:thePatrons'dinnerheld in the gallery with talk from David Hurn and a Members' photo competition held over Zoom, judged by Martin Parr.. ``` ## `Talks and Workshops` ``` DespitehavingtopostponeandcancelmanygalleryeventsduringnationallockdownsMPFquicklyadapted to hostingpopularonlineevents.ThisserieswascalledMPFPhotochatLiveanditattractedbignational and international audiences. ``` ``` GraduallyMPFstartedtodomoreandmoretalksinthegalleryagainandoftenbroadcasttheseliveviaZoom too. thelistofspeakersincludedJoelMeyerowitz,TariqZaidi,PetervanAgtamel,ChloeDeweMathews,Yan Preston, Anita Corbin, Simon Norfolk, Thilde Jensen, Donovan Wylie, Jamie Hawksworth, Michael Stipe and Janine Wiedel. ``` ``` MPFJoinedforceswiththeirneighboursTheRoyalPhotographicSociety(RPS)tohostthePhotohubOpenHouse in August2021.Thiswasanall-dayeventwithvarioustalksandtourstakingplace.Itattactedaudiencesfrom both the MPF and RPS. ``` ``` MPFhopetohostmorejointeventswithRPSinthefutureasitisagoodwaytotapintoeachother's audiences and raise awareness of the two organistaions. ``` ``` TheMPFContinuestohostpopulartoursforthearchive,forexamplefocusingontheworkofStephenGill,and coal mining photography. ``` ``` TheannualbooksonPhotography)BOP)three-dayevent,organisedbyMPFandRPS,returnedinOctober 2021 andwasextremelysuccessful.BOPrentedthePaintworksEventSpaceforthefirsttimetoaccommodateover 50 publishersfromtheUKandBeyond.Self-publishedphotographerswerehousedintheMPFgallery. An accompanying programme of ten talks was held in the RPS auditorium. All talks were recorded for the MPF archive. ``` ## `Archive` ``` TheMPFarchivecontinuestogrow,althoughspaceisanissue.MPFinvestigatedwaysofaddressingthis and purchasedtwonewbuildingsinthePaintworkscomplex.Thesewillbeusedforadditionalarchivestorageand a study centre. They are currently under construction, but MPF hope they can move into them early 2023. ``` ``` MPF Continued to acquire work to be housed in the archive. Work acquired included the following: ``` ``` Tom Wood - Complete vintage set of Photieman [184 C-types and Silver Gelatins] Stephen Gill [The Pillar] - 34 x pigment prints + 96 silver gelatin prints Bill Brandt - 64 x Homes for Heroes modern exhibition prints [printed by Richard Sadler] Janine Weidel - 18 x vintage prints + 2x Book Dummies ``` ``` Page 2 ``` ## **`MARTIN PARR FOUNDATION`** ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022`** ## **`OBJECTIVES AND ACTIVITIES`** ``` Eve Arnold - 13 x vintage prints + supporting materials Charlie Phillips - 11 x pigment prints Poloumi Basu - 5x c-type prints from Centralia project Nigel Henderson - 4 x vintage prints Renee Matic - 4x Pigment prints Trish Morissey 2 x digital c-type prints ``` ``` Julian Germain donated 34 works from his touring British Council exhibition Soccer Wonderland. ``` ``` The library collection continues to grow and is open for people to visit one day a week. ``` ``` Thecollectiondatabasenowhas4500entriesinit.Thesecompriseofbooks,prints,objects,posters and documents. All entries are keyworded. The data base can be accessed by anyone visiting on a library day. ``` ``` MPF loaned 6x Chris Killip prints to Tate Liverpool for their Radical Landscapes exhibition. ``` ## `MPF Shop` ``` Theshop(bothinhouseandonline)continuestodoverywell.NewMPFmerchandisehasprovedpopular.MPF are getting many big trade orders from galleries and museums in the UK and beyond. ``` ``` Astheshophasbecomemoresuccessful,MPFrecruitedadditionalhelpsothattheycancontinuetokeepup with demand. There are many ideas for future product production in the pipeline too. ``` ## `Publishing` ``` MPF co-published Thames Log by Chloe Dewe Mathews with Loose Joints. ``` ## `Sofa Sessions` ``` Theseinformalsessions,inwhichMartinParrtalkswithvisitingphotographersfromtheUKandabroad, are recorded and published online, reaching huge international audiences. ``` ## `Commissions` ``` Rene Matic was commissioned to produce a body of work in Bristol. This will be shown at MPF in 2023. ``` ## **`ACHIEVEMENT AND PERFORMANCE`** ## **`Charitable activities`** ``` TheMartinParrFoundationacquiredabuildingonthenewlydevelopedPaintworkscomplexinBristolin January 2017.Withthehelpofanarchitect,thespacewasdesignedandfittedouttoaccommodateagallery, temperature controlled storage, a library and a studio/office. ``` ``` October2017sawthelaunchoftheMartinParrFoundationwhichincludedaseminardayfocussingon British photography.Withanimpressiveline-upofeminentspeakersandpanellists,thiseventattractedover 150 participants. ``` ``` Thegalleryisopentothepublicfourdaysaweekandthereisaprogrammeoftalksandbook-signingswhich take placeatleastonceamonth.TheseeventsinvolvephotographersfromtheUKandbeyondtalkingabouttheir work. Again, each event attracts a good crowd, usually 70 or more people. ``` ``` Thelibraryofphotographybooksisundergoingafullinventoryandwillsoonbeavailableforuseona membership scheme basis. ``` ``` TheMartinParrFoundationalsoacquiredworksforthecollectionfromphotographersMarketsLuskacova, Homer Sykes,GillesPeress,DanielMeadowsandDavidHoffman.Inaddition,asubstantialcollectionofBritishand Irish photo books has been acquired and these are housed in the library. ``` ``` Overthenext12monthstheMartinParrFoundationwillstarttoco-publishphotographybooks, commission photographers to produce new bodies of work and continue to acquire works for the collection. ``` ``` Page 3 ``` ## **`MARTIN PARR FOUNDATION`** ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022`** ## **`FINANCIAL REVIEW`** ## **`Reserves policy`** ``` Reservesareheldbythecharityinorderthattheycancontinuetopurchasebooksandprintsandtocontinue to be able to meet future grant obligations. ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Governing document`** ``` Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by guarantee, as defined by the Companies Act 2006. ``` ## **`REFERENCE AND ADMINISTRATIVE DETAILS`** ## **`Registered Company number`** ``` 09099974 (England and Wales) ``` ## **`Registered Charity number`** ``` 1161282 ``` ## **`Registered office`** ``` Barclays Bank Chambers Market Street Hebden Bridge West Yorkshire HX7 6AD ``` ## **`Trustees`** ``` M Parr Photographer Dr S P Parr Author Miss E Parr Chef Ms F E Parker Director D M B Birkitt Director (resigned 21.11.2022) Ms A Pardo Curator Mrs J Ricketts Independent Photography Consultant S T Chong Professor and Curator A Z Schuman (appointed 28.11.2022) ``` ## **`Company Secretary`** ## **`Independent Examiner`** ``` Cresswells 12 Market Street Hebden Bridge West Yorkshire HX7 6AD ``` ``` Approved by order of the board of trustees on ............................................. and signed on its behalf by: ``` ``` ............................................................ M Parr - Trustee ``` ``` Page 4 ``` ## **`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MARTIN PARR FOUNDATION`** ## **`Independent examiner's report to the trustees of Martin Parr Foundation ('the Company')`** ``` IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended 31 March 2022. ``` ## **`Responsibilities and basis of report`** ``` Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompaniesAct 2006 ('the 2006 Act'). ``` ``` HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe 2006 Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity's accounts ascarriedoutunderSection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationI have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. ``` ## **`Independent examiner's statement`** ``` Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalistedbody.I can confirmthatIamqualifiedtoundertaketheexaminationbecauseIamaregisteredmemberofInstitute of Chartered Accountants of England and Wales which is one of the listed bodies. ``` ``` Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the examination giving me cause to believe: ``` `1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or` `2. the accounts do not accord with those records; or` `3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or` `4. the accounts have not been prepared 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 Republic of Ireland (FRS 102)).` ``` Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ``` ``` John Dakin Institute of Chartered Accountants of England and Wales Cresswells 12 Market Street Hebden Bridge West Yorkshire HX7 6AD ``` ``` Date: ............................................. ``` ``` Page 5 ``` ## **`MARTIN PARR FOUNDATION`** ## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022`** |`Notes`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`Other trading activities`
`2`
`Investment income`
`3`
**`Total`**
**`EXPENDITURE ON`**
`Raising funds`
**`Charitable activities`**
`General`
`Other`
**`Total`**
`Net gains on investments`
**`NET INCOME`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**|`2022`
`Unrestricted`
`funds`
`£`
`279,751`
`31,395`
`44,755`
`355,901`
`26,718`
`213,061`
`23,241`
`263,020`
`8,000`
`100,881`
`2,374,579`
`2,475,460`|`2021`
`Total`
`funds`
`£`
`508,892`
`18,509`
`41,771`| |---|---|---| |||`569,172`| |||`7,839`
`192,814`
`30,470`| |||`231,123`| |||`-`| |||`338,049`
`2,036,531`| |||`2,374,580`| ``` Surplus and Deficit Account 968 ``` ``` Postingdiscrepancieswerefoundinthereserveaccountslistedbelow.Thisisbecausethebroughtforward postings inthecurrentyeararenotequaltothefigurescarriedforwardbyIRISattheendoflastyear.Pleasecheck your postings in the brought forward account for the surplus and deficit account 968. ``` |`Brought forward - 968/1`
`Carried forward`
`Difference`|`Unrestricted`
`funds`
`£`
`2,374,579`
`2,374,580`
`1`|`Total funds`
`£`
`2,374,579`
`2,374,580`| |---|---|---| |||`1`| ``` Post to relevant accounts (see ICHA chart of accounts for further details) ``` ``` The notes form part of these financial statements ``` ``` Page 6 ``` ## **`MARTIN PARR FOUNDATION`** ## **`BALANCE SHEET 31 MARCH 2022`** |`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`8`
`Heritage assets`
`9`
`Investment property`
`10`
**`CURRENT ASSETS`**
`Debtors`
`11`
`Cash at bank`
**`CREDITORS`**
`Amounts falling due within one year`
`12`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT`**
**`LIABILITIES`**
**`PROVISIONS FOR LIABILITIES`**
`13`
**`NET ASSETS`**
**`FUNDS`**
`14`
`Unrestricted funds`
**`TOTAL FUNDS`**|`2022`
`Unrestricted`
`funds`
`£`
`633,740`
`1,398,592`
`361,414`
`2,393,746`
`47,548`
`61,643`
`109,191`
`(25,477)`
`83,714`
`2,477,460`
`(2,000)`
`2,475,460`
`2,475,460`
`2,475,460`|`2021`
`Total`
`funds`
`£`
`641,826`
`1,242,425`
`351,414`
`2,235,665`
`40,372`
`136,042`
`176,414`
`(37,499)`
`138,915`
`2,374,580`
`-`
`2,374,580`
`2,374,580`
`2,374,580`| |---|---|---| ``` ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006for the year ended 31 March 2022. ``` ``` Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006. ``` ``` 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 financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.` ``` The notes form part of these financial statements ``` ``` continued... ``` ``` Page 7 ``` ## **`MARTIN PARR FOUNDATION`** ## **`BALANCE SHEET - continued 31 MARCH 2022`** ``` Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable companies subject to the small companies regime. ``` ``` ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on ............................................. and were signed on its behalf by: ``` ``` ............................................. M Parr - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 8 ``` ## **`MARTIN PARR FOUNDATION`** ## **`NOTES TO THE FINANCIAL STATEMENTS`** ``` FOR THE YEAR ENDED 31 MARCH 2022 ``` ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` TheFinancialStatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102, have beenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities: StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewith the FinancialreportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective1 January 2015)',FinancialReportingStandard102'TheFinancialReportingStandardapplicableintheUK and RepublicofIreland'andtheCompaniesAct2006.Thefinancialstatementshavebeenpreparedunder the historical cost convention. ``` ``` ThefinancialstatementsarepresentedinSterlingwhichisthefunctioncurrencyofthecompany and rounded to the nearest £. ``` ## **`Income`** ``` AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementto the funds, it is probable that the income will be received and the amount can be measured reliably. ``` ## **`Expenditure`** ``` Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement andtheamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonan accruals basisandhasbeenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Where costs cannotbedirectlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesona basis consistent with the use of resources. ``` ## **`Tangible fixed assets`** ``` Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoverits estimated useful life. ``` ``` Freehold property- over 50 years ``` ## **`Investment property`** ``` Investmentpropertyisshownatmostrecentvaluation.Anyaggregatesurplusordeficitarising from changes in fair value is recognised in the Statement of Financial Activities. ``` ## **`Taxation`** ``` The charity is exempt from corporation tax on its charitable activities. ``` ## **`Fund accounting`** ``` Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. ``` ``` Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ``` ``` Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial statements. ``` ## **`Hire purchase and leasing commitments`** ``` RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitiesonastraight line basis over the period of the lease. ``` ## **`Pension costs and other post-retirement benefits`** ``` Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayableto the ``` ``` charitablecompany'spensionschemearechargedtotheStatementofFinancialActivitiesintheperiod to which they relate. ``` ``` continued... ``` ``` Page 9 ``` ## **`MARTIN PARR FOUNDATION`** ## **`NOTES TO THE FINANCIAL STATEMENTS - continued`** ``` FOR THE YEAR ENDED 31 MARCH 2022 ``` ## **`2. OTHER TRADING ACTIVITIES`** |`Artist Talks and book signing`
`Miscellaneous shop sales`
`Publications`
`Tours`
`Fees`
`Work shop`
`Trade event`
**`INVESTMENT INCOME`**
`Rents received`
`Deposit account interest`
**`NET INCOME/(EXPENDITURE)`**
`Net income/(expenditure) is stated after charging/(crediting):`
`Depreciation - owned assets`
`Hire of plant and machinery`|`2022`
`£`
`7,131`
`-`
`2,535`
`4,000`
`-`
`-`
`17,729`
`31,395`
`2022`
`£`
`44,750`
`5`
`44,755`
`2022`
`£`
`21,123`
`-`|`2021`
`£`
`9,012`
`1,471`
`-`
`200`
`1,034`
`213`
`6,579`| |---|---|---| |||`18,509`| |||`2021`
`£`
`41,581`
`190`| |||`41,771`| |||`2021`
`£`
`26,470`
`199`| ## **`3. INVESTMENT INCOME`** ## **`4.`** ## **`5. TRUSTEES' REMUNERATION AND BENEFITS`** ``` Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2022norforthe year ended 31 March 2021. ``` ## **`Trustees' expenses`** ``` Therewerenotrustees'expensespaidfortheyearended31March2022norfortheyear ended 31 March 2021. ``` ## **`6. STAFF COSTS`** ``` The average monthly number of employees during the year was as follows: ``` ||`2022`|`2021`| |---|---|---| |`Admin and support`|`4`|`4`| ``` No employees received emoluments in excess of £60,000. ``` ``` continued... ``` ``` Page 10 ``` ## **`MARTIN PARR FOUNDATION`** ## **`NOTES TO THE FINANCIAL STATEMENTS - continued`** ## **`FOR THE YEAR ENDED 31 MARCH 2022`** ## **`7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`** |**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`Other trading activities`
`Investment income`
**`Total`**
**`EXPENDITURE ON`**
`Raising funds`
**`Charitable activities`**
`General`
`Other`
**`Total`**
**`NET INCOME`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**
**`TANGIBLE FIXED ASSETS`**
**`COST`**
`At 1 April 2021`
`Additions`
`At 31 March 2022`
**`DEPRECIATION`**
`At 1 April 2021`
`Charge for year`
`At 31 March 2022`
**`NET BOOK VALUE`**
`At 31 March 2022`
`At 31 March 2021`|`Freehold`
`property`
`£`
`696,274`
`-`
`696,274`
`61,501`
`13,925`
`75,426`
`620,848`
`634,773`|`Plant and`
`machinery`
`£`
`44,437`
`13,037`
`57,474`
`37,472`
`7,110`
`44,582`
`12,892`
`6,965`|`Computer`
`equipment`
`£`
`11,644`
`-`
`11,644`
`11,556`
`88`
`11,644`
`-`
`88`|`Unrestricted`
`funds`
`£`
`508,892`
`18,509`
`41,771`
`569,172`
`7,839`
`192,814`
`30,470`
`231,123`
`338,049`
`2,036,531`
`2,374,580`
`Totals`
`£`
`752,355`
`13,037`
`765,392`
`110,529`
`21,123`
`131,652`
`633,740`
`641,826`| |---|---|---|---|---| |||||| |||||| |||||| |||||| |||||| |||||| ## **`8. TANGIBLE FIXED ASSETS`** ``` continued... ``` ``` Page 11 ``` ## **`MARTIN PARR FOUNDATION`** ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022`** ## **`9. HERITAGE ASSETS`** |**`HERITAGE ASSETS`**|| |---|---| |**`MARKET VALUE`**
`At 1 April 2021`
`Additions`
`At 31 March 2022`
**`NET BOOK VALUE`**
`At 31 March 2022`
`At 31 March 2021`|`Total`
`£`
`1,242,425`
`156,167`| ||`1,398,592`| ||`1,398,592`| ||`1,242,425`| ``` MartinParrFoundationownsacollectionofbooksbybritishphotographers.Someofthesebooks have beendonatedtothefoundation,otherhavebeenpurchasedbythefoundationtopreservetheheritage of british photography. ``` ## **`10. INVESTMENT PROPERTY`** |**`FAIR VALUE`**
`At 1 April 2021`
`Revaluation`
`At 31 March 2022`
**`NET BOOK VALUE`**
`At 31 March 2022`
`At 31 March 2021`
`Fair value at 31 March 2022 is represented by:`
`Valuation in 2022`
`Cost`|`£`
`351,414`
`10,000`| |---|---| ||`361,414`| ||`361,414`| ||`351,414`| ||`£`
`10,000`
`351,414`| ||`361,414`| ## **`11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`** |`Trade debtors`
`Other debtors`
`Social security and other tax`
`Prepayments and accrued income`|`2022`
`£`
`10,773`
`29,113`
`-`
`7,662`
`47,548`|`2021`
`£`
`458`
`29,826`
`480`
`9,608`| |---|---|---| |||`40,372`| ``` continued... ``` ``` Page 12 ``` ## **`MARTIN PARR FOUNDATION`** ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022`** ## **`12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`** |`Trade creditors`
`Social security and other taxes`
`Other creditors`
`Accrued expenses`
**`PROVISIONS FOR LIABILITIES`**
`Provisions`
**`MOVEMENT IN FUNDS`**
**`Unrestricted funds`**
`General fund`
`Heritage Assets`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above`
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
**`Comparatives for movement in funds`**
**`Unrestricted funds`**
`General fund`
`Heritage Assets`
**`TOTAL FUNDS`**|`At 1.4.21`
`£`
`2,374,579`
`-`
`2,374,579`
`2,374,579`
`are as follows:`
`Incoming`
`resources`
`£`
`355,901`
`355,901`
`At 1.4.20`
`£`
`526,213`
`1,510,318`
`2,036,531`
`2,036,531`||`Net`
`movement`
`in funds`
`£`
`100,881`
`-`
`100,881`
`100,881`
`Resources`
`expended`
`£`
`(263,020)`
`(263,020)`
`Net`
`movement`
`in funds`
`£`
`338,049`
`-`
`338,049`
`338,049`|`2022`
`£`
`20,144`
`613`
`-`
`4,720`
`25,477`
`2022`
`£`
`2,000`
`Transfers`
`between`
`funds`
`£`
`(1,392,469)`
`1,392,469`
`-`
`-`
`Gains and`
`losses`
`£`
`8,000`
`8,000`
`Transfers`
`between`
`funds`
`£`
`267,893`
`(267,893)`
`-`
`-`|`2021`
`£`
`14,273`
`-`
`9,556`
`13,670`
`37,499`
`2021`
`£`
`-`
`At`
`31.3.22`
`£`
`1,082,991`
`1,392,469`
`2,475,460`
`2,475,460`
`Movement`
`in funds`
`£`
`100,881`
`100,881`
`At`
`31.3.21`
`£`
`1,132,155`
`1,242,425`
`2,374,580`
`2,374,580`| |---|---|---|---|---|---| ||||||| ||||||| ||||||| ||||||| ||||||| ## **`13. PROVISIONS FOR LIABILITIES`** ## **`14. MOVEMENT IN FUNDS`** ``` continued... ``` ``` Page 13 ``` ## **`MARTIN PARR FOUNDATION`** ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022`** ## **`14. MOVEMENT IN FUNDS - continued`** ``` Comparative net movement in funds, included in the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`569,172`
`569,172`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(231,123)`
`338,049`
`(231,123)`
`338,049`| |---|---|---| ``` A current year 12 months and prior year 12 months combined position is as follows: ``` |**`Unrestricted funds`**
`General fund`
`Heritage Assets`
**`TOTAL FUNDS`**|`At 1.4.20`
`£`
`526,213`
`1,510,318`
`2,036,531`
`2,036,531`|`Net`
`movement`
`in funds`
`£`
`438,930`
`-`
`438,930`
`438,930`|`Transfers`
`between`
`funds`
`£`
`(1,124,576)`
`1,124,576`
`-`
`-`|`At`
`31.3.22`
`£`
`(159,433)`
`2,634,894`
`2,475,461`
`2,475,461`| |---|---|---|---|---| ``` Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above are as follows: ``` |**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`925,073`
`925,073`|`Resources`
`expended`
`£`
`(494,143)`
`(494,143)`|`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`8,000`
`438,930`
`8,000`
`438,930`| |---|---|---|---| ## **`15. RELATED PARTY DISCLOSURES`** ``` There were no related party transactions for the year ended 31 March 2022. ``` ``` Page 14 ``` ## **`MARTIN PARR FOUNDATION`** ## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022`** |**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Donations`
`Gift aid`
`Sponsorships`
`Memberships`
`Donated services and facilities`
`Joint publishing income`
`Arts council grant`
`Studio hire`
`Commission received`
**`Other trading activities`**
`Artist Talks and book signing`
`Miscellaneous shop sales`
`Publications`
`Tours`
`Fees`
`Work shop`
`Trade event`
**`Investment income`**
`Rents received`
`Deposit account interest`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Other trading activities`**
`Printing costs`
`Packing and carriage`
`Hire of plant and machinery`
`Commission`
`Talk fees`
`Conservation costs`
`Festival costs`
**`Charitable activities`**
`Wages`
`Carried forward`|`2022`
`£`
`225,077`
`-`
`2,249`
`36,158`
`620`
`5,000`
`9,000`
`647`
`1,000`
`279,751`
`7,131`
`-`
`2,535`
`4,000`
`-`
`-`
`17,729`
`31,395`
`44,750`
`5`
`44,755`
`355,901`
`129`
`6,962`
`-`
`6,000`
`2,104`
`2,523`
`9,000`
`26,718`
`129,355`
`129,355`|`2021`
`£`
`467,667`
`9,752`
`-`
`26,491`
`2,990`
`-`
`-`
`1,992`
`-`| |---|---|---| |||`508,892`
`9,012`
`1,471`
`-`
`200`
`1,034`
`213`
`6,579`| |||`18,509`
`41,581`
`190`| |||`41,771`| |||`569,172`
`1,085`
`6,188`
`199`
`-`
`367`
`-`
`-`| |||`7,839`
`116,862`
`116,862`| ``` This page does not form part of the statutory financial statements ``` ``` Page 15 ``` ## **`MARTIN PARR FOUNDATION`** ## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022`** |**`Charitable activities`**
`Brought forward`
`Social security`
`Pensions`
`Rates and water`
`Insurance`
`Light and heat`
`Telephone`
`Postage and stationery`
`Promotions and advertising`
`Travel`
`Computer and Software`
`Professional fees`
`Subscriptions`
`Co Publishing costs`
`Rental property - repairs`
`Work shop costs`
**`Other`**
`Wages`
`Foundation Bursary`
`Freehold property`
`Plant and machinery`
`Computer equipment`
**`Support costs`**
**`Management`**
`Repairs and renewals`
`Sundries`
**`Finance`**
`Rent`
`Bank charges`
**`Governance costs`**
`Accountancy and legal fees`
`Total resources expended`
**`Net income`**|`2022`
`£`
`129,355`
`2,170`
`3,081`
`6,318`
`1,257`
`4,542`
`300`
`2,330`
`15,876`
`2,787`
`6,952`
`-`
`1,983`
`2,200`
`1,357`
`3,400`
`183,908`
`(1)`
`2,119`
`13,925`
`7,110`
`88`
`23,241`
`12,645`
`1,902`
`14,547`
`840`
`3,721`
`4,561`
`10,045`
`263,020`
`92,881`|`2021`
`£`
`116,862`
`9,156`
`3,044`
`6,801`
`272`
`4,570`
`728`
`2,418`
`6,166`
`361`
`8,415`
`1,245`
`2,197`
`-`
`3,725`
`-`| |---|---|---| |||`165,960`
`-`
`4,000`
`13,925`
`10,633`
`1,912`| |||`30,470`
`11,603`
`720`| |||`12,323`
`840`
`1,739`| |||`2,579`
`11,952`| |||`231,123`| |||`338,049`| ``` This page does not form part of the statutory financial statements ``` ``` Page 16 ```