``` REGISTERED COMPANY NUMBER: 09099974 (England and Wales) REGISTERED CHARITY NUMBER: 1161282 ``` ## **`REPORT OF THE TRUSTEES AND`** ## **`UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023`** ## **`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 31ST MARCH 2023`** ||**`Page`**|**`Page`**|**`Page`**| |---|---|---|---| |**`Report of the Trustees`**|`1`|`to`|`5`| |**`Independent Examiner's Report`**||`6`|| |**`Statement of Financial Activities`**||`7`|| |**`Balance Sheet`**||`8`|| |**`Cash Flow Statement`**||`9`|| |**`Notes to the Cash Flow Statement`**||`10`|| |**`Notes to the Financial Statements`**|`11`|`to`|`17`| |**`Detailed Statement of Financial Activities`**|`18`|`to`|`19`| ``` MARTIN PARR FOUNDATION ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023`** ``` ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present theirreportwiththefinancialstatementsofthecharityfortheyearended31stMarch2023.The trustees haveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ``` ## **`OBJECTIVES AND ACTIVITIES`** ## **`Objectives and aims`** ``` Toadvanceeducationinthearts,inparticulartheartofphotography,bytheestablishment and maintenanceofagalleryandlibraryofdocumentaryphotographybooksandphotographs,in particular but not by way of limitation, of the work of Martin Parr. ``` ``` Page 1 ``` ``` MARTIN PARR FOUNDATION ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023`** ## **`OBJECTIVES AND ACTIVITIES`** ## **`Significant activities`** ``` Exhibitions ``` ``` Thegalleryisopentothepublic4daysaweek(ThurtoSun)andentryisalwaysfree.Visitor numbers toMPFexhibitionsaregraduallyincreasing.Foreachshowerexpecttowelcomearound1300 people. Although for Chew Stoke this doubled to 2700, many of the visitors from nearby Chew Stoke village itself. ``` ``` Café Royal Books: Documentary, Zines and Subversion 14 April to 12 June 2022 ``` ``` Where Have All The Flowers Gone by Tom Hunter 23 June to 10 July 2022 ``` ``` A short exhibition to coincide with the 50th anniversary of Glastonbury Festival ``` ## `Made Out of Orchards by Tessa Bunney` ``` 21 July to 25 September 2022 ``` ``` MPF designed and produced a publication to coincide with this show ``` ## `This Golden Mile by Kavi Pujara` ``` 6 October to 18 December 2022 Kavi was one of the recipients of the MPF Bursary in 2021 ``` ``` A Year in the Life of Chew Stoke Village by Martin Parr 19 January to 9 April 2023 ``` ``` Visitorstoexhibitionsaregiventhechancetopurchase9x9inchMartinParrprintsfor£10to raise funds for the MPF. Over 1300 prints were sold. ``` ## `Outdoor Stands` ``` InMay2022asetofoutdoorexhibitionstands,managedbyMPFandRPS,wereinstalledbetween the twoorganisations.LocalPhotographerKhaliAckfordwasthefirsttoshowtheirworkThisisNot a Momentonthesenewstands.AspartofKhali'sshowMPFhelpeddesignandproducea concertina publication, free for visitors to take away. ``` ## `Membership scheme` ``` ThemembershipyearendedinNovember2022with430memberships,equatingtoabout£60,000 in revenue.Thenumberofmemberswassignificantlyuponthepreviousyear(370)andourhighest ever yeartotal.AsofMarch2023,subscriptionswereoncoursetoagainoutperformallpreviousyears. In summer2022MPFreceivedaone-offdonationof£10,000fromoneofourPatrons.TheMPFheld two keymembershipevents:thePatron'sdinnerheldinthegallerywithtalkfromKaviPujaraand a Members' photo competition held over Zoom, Judged by Martin Parr. ``` ## `Talks, Events and Workshops` ``` MPFtookthedecisiontofocuson'inhouse'eventsagain.Overthe12monthperiodtherewere many populartalk'sinthegalleryoftenfollowedbyabusybooksigning.Aswellasthetalkstherewere two workshops, a film screening and a seminar day held to coincide with the publication Another Country. ``` ``` ToursoftheMPFcollectionhavebecomeapopularfixtureinthecalendar.Theyarenowtailoredto look atspecificpartsofthecollection.Forexample,Smith&KilliportheInternationalCollection.Itisa good way to showcase more from the expanding MPF Collection. ``` ``` BOPweekend,heldinpartnershipwithRPS,wasextremelypopularonceagain.Visitornumberswere up againfromtheyearbeforedespitetrainstrikes.All10talkswerewellattended,andallthebook fair tables were filled with publishers and photographer showing and selling their latest publications. ``` ## `Archive` ``` TheMPFarchivecontinuestogrowandshareworkfromcollections.Thenewarchivespace is progressingandshouldbeaccessiblebylate2023.Thiswillbeusedforadditionalarchivestorage and also to utilised as a study centre for specific projects and workshops. ``` ``` Work acquired for MPF Collection between April 2022 - March 2023 included the following: ``` ``` - Robin Maddock ``` ``` Page 2 ``` ``` MARTIN PARR FOUNDATION ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023`** ## **`OBJECTIVES AND ACTIVITIES`** ``` England!? Les anglais ont débarqué! Book dummy & 10 prints - Evelyn Hofer Girl with Bicycle, Dublin 1966 (Vintage dye-transfer) - Alen MacWeeney Limited Edition Book: #23 "Under the Influence" 4 vintage/pigment Traveller Prints - Janine Wiedel 20 vintage prints from Vulcan's Forge & 2 book dummies - Justine Kurland 1 photomontage of Martin Parr's Luxury book - Krass Clement 4 vintage prints from Drum - Kavi Pujara 3 prints from This Golden Mile (MPF exhibition) - Chris Chapman 13 prints - James Ravilious 10 vintage prints - Kjell-Åke Andersson 30 vintage prints from Gruvarbetare i Wales - Tessa Bunney 6 prints from Made Out of Orchards (MPF exhibition) - Alicia Bruce ``` ``` 2 prints from Menie: Trumped ``` ``` MPFareintheprocessofcataloguingthecollectionintoadatabasethatwillbeaccessiblefor members, researchers, curators and students. The current figures are as follows - ``` ``` Prints = 2,848 Photobooks = 2,946 Objects = 212 ``` ``` Total entries: 6,006 ``` ``` Total number of items recorded to excel list level = 10,897 ``` ## `Loaning materials from MPF Collection:` ``` MPF oversaw the loan of all works for the Chris Killip Retrospective. ``` ``` ThisconsistedofprintswehouseonbehalfoftheKillipPhotographyTrustandworksthatMPFown as partofthepermanentcollection(includingalltheephemeradisplayedintheshow).Chris Killip, RetrospectivewasshownatBalticinGatesheadandwillnowtourtoDeutscheBorseinFrankfurt and Fotomuseum Den Haag. ``` ``` There were also loans to both Tate Britain and Tate Modern, as well as The Design Museum. ``` ## `MPF Shop` ``` Theshop(bothinhouseandonline)continuestothriveandhasbecomeavaluablesourceofincome for theFoundation.MPFmerchandiseremainsverypopularwithnewlinesadded.MPFisgettingmany big trade orders from galleries and museums in the UK and beyond. ``` ## `Publishing` ``` MadeoutofOrchardswasdesignedandproducedbyMPFtocoincidewiththeopeningofTessa Bunney's show Made out of Orchards. ``` ``` MPFassistedwiththepublicationAnotherCountrypublishedbyThamesandHudson.Acompelling social andculturalhistoryofBritainsincetheSecondWorldWar,showinghowphotographershavedepicted the country over the last seventy years. ``` ``` Sofa Sessions ``` ``` Page 3 ``` ``` MARTIN PARR FOUNDATION ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023`** ## **`OBJECTIVES AND ACTIVITIES`** ``` MPFcontinuestofilmtheseinformalsessions,inwhichMartinParrtalkswithvisitingphotographers from the UK and abroad, are recorded and published online, reaching huge international audiences. ``` ## `Commissions` ``` Rene Matic continues to work on their commission which is scheduled to be shown at MPF in 2023. ``` ## **`STRATEGIC REPORT`** ## **`Achievement and performance`** ## **`Charitable activities`** ``` TheMartinParrFoundationacquiredabuildingonthenewlydevelopedPaintworkscomplexinBristol in January2017.Withthehelpofanarchitect,thespacewasdesignedandfittedouttoaccommodate a gallery, temperature controlled storage, a library and a studio/office. ``` ``` October2017sawthelaunchoftheMartinParrFoundationwhichincludedaseminardayfocussing on Britishphotography.Withanimpressiveline-upofeminentspeakersandpanellists,thisevent attracted over 150 participants. ``` ``` Thegalleryisopentothepublicfourdaysaweekandthereisaprogrammeoftalksand book-signings whichtakeplaceatleastonceamonth.TheseeventsinvolvephotographersfromtheUKand beyond talking about their work. Again, each event attracts a good crowd, usually 70 or more people. ``` ``` Thelibraryofphotographybooksisundergoingafullinventoryandwillsoonbeavailableforuseon a membership scheme basis. ``` ``` TheMartinParrFoundationalsoacquiredworksforthecollectionfromphotographersMarkets Luskacova, HomerSykes,GillesPeress,DanielMeadowsandDavidHoffman.Inaddition,asubstantialcollection of British and Irish photo books has been acquired and these are housed in the library. ``` ``` Overthenext12monthstheMartinParrFoundationwillstarttoco-publishphotography books, commissionphotographerstoproducenewbodiesofworkandcontinuetoacquireworksfor the collection. ``` ## **`Financial review`** ## **`Reserves policy`** ``` Reservesareheldbythecharityinorderthattheycancontinuetopurchasebooksandprintsand to continue to be able to meet future grant obligations. ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Governing document`** ``` Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimited company, 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 ``` ``` Page 4 ``` ``` MARTIN PARR FOUNDATION ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023`** ## **`Trustees`** ``` M Parr Photographer Dr S P Parr Author Miss E Parr Chef Ms F E Parker Director D M B Birkitt Director (resigned 21.11.22) Ms A Pardo Curator Mrs J Ricketts Independent Photography Consultant S T Chong Professor and Curator A Z Schuman : Photographer and Associate Professor (appointed 28.11.22) ``` ## **`Company Secretary`** ## **`Independent Examiner`** ``` Cresswells 12 Market Street Hebden Bridge West Yorkshire HX7 6AD ``` ``` Reportofthetrustees,incorporatingastrategicreport,approvedbyorderoftheboardoftrustees, as the company directors, on 29th November 2023 and signed on the board's behalf by: ``` ``` M Parr - Trustee ``` ``` Page 5 ``` ## **`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 31st March 2023. ``` ## **`Responsibilities and basis of report`** ``` Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompanies Act 2006 ('the 2006 Act'). ``` ``` HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16 of the2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your charity'saccountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act').In carrying outmyexaminationIhavefollowedtheDirectionsgivenbytheCharityCommissionunder Section 145(5) (b) of the 2011 Act. ``` ## **`Independent examiner's statement`** ``` Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalisted body. IcanconfirmthatIamqualifiedtoundertaketheexaminationbecauseIamamemberoftheInstitute of Chartered Accountants in England and Wales, which is one of the listed bodies. ``` ``` Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentionin connection with 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)).` ``` Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be reached. ``` ``` John Dakin ``` ``` Cresswells 12 Market Street Hebden Bridge West Yorkshire HX7 6AD ``` ``` Date: ............................................. ``` ``` Page 6 ``` ``` MARTIN PARR FOUNDATION ``` ## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023`** |`Notes`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
`Other trading activities`
`3`
`Investment income`
`4`
**`Total`**
**`EXPENDITURE ON`**
`Raising funds`
`5`
**`Charitable activities`**
`6`
`General`
`Other`
**`Total`**
`Net gains on investments`
**`NET INCOME`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**|`2023`
`Unrestricted`
`funds`
`£`
`429,946`
`25,887`
`45,179`
`501,012`
`19,445`
`248,829`
`20,174`
`288,448`
`5,000`
`217,564`
`2,477,460`
`2,695,024`|`2022`
`Total`
`funds`
`£`
`279,751`
`31,395`
`44,755`| |---|---|---| |||`355,901`| |||`26,718`
`213,061`
`23,241`| |||`263,020`| |||`10,000`| |||`102,881`
`2,374,579`| |||`2,477,460`| ``` The notes form part of these financial statements ``` ``` Page 7 ``` ``` MARTIN PARR FOUNDATION ``` ## **`BALANCE SHEET 31ST MARCH 2023`** |`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`12`
`Heritage assets`
`13`
`Investment property`
`14`
**`CURRENT ASSETS`**
`Debtors`
`15`
`Cash at bank`
**`CREDITORS`**
`Amounts falling due within one year`
`16`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT`**
**`LIABILITIES`**
**`NET ASSETS`**
**`FUNDS`**
`17`
`Unrestricted funds`
**`TOTAL FUNDS`**|`2023`
`Unrestricted`
`funds`
`£`
`618,915`
`1,581,570`
`366,414`
`2,566,899`
`89,136`
`54,132`
`143,268`
`(15,143)`
`128,125`
`2,695,024`
`2,695,024`
`2,695,024`
`2,695,024`|`2022`
`Total`
`funds`
`£`
`633,740`
`1,398,592`
`361,414`
`2,393,746`
`47,548`
`61,643`
`109,191`
`(25,477)`
`83,714`
`2,477,460`
`2,477,460`
`2,477,460`
`2,477,460`| |---|---|---| ``` ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006 for the year ended 31st March 2023. ``` ``` Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year ended 31st March 2023 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.` ``` ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on 29th November 2023 and were signed on its behalf by: ``` ``` M Parr - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 8 ``` ``` MARTIN PARR FOUNDATION ``` ## **`CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2023`** |`Notes`
**`Cash flows from operating activities`**
`Cash generated from operations`
`1`
`Tax paid`
`Net cash provided by operating activities`
**`Cash flows from investing activities`**
`Purchase of tangible fixed assets`
`Purchase of heritage assets`
`Interest received`
`Net cash used in investing activities`
**`Change in cash and cash`**
**`equivalents in the reporting period`**
**`Cash and cash equivalents at the`**
**`beginning of the reporting period`**
**`Cash and cash equivalents at the`**
**`end of the reporting period`**|`2023`
`£`
`185,125`
`(6,427)`
`178,698`
`(3,260)`
`(182,978)`
`29`
`(186,209)`
`(7,511)`
`61,643`
`54,132`|`2022`
`£`
`94,320`
`480`
`94,800`
`(13,037)`
`(156,167)`
`5`
`(169,199)`
`(74,399)`
`136,042`
`61,643`| |---|---|---| ``` The notes form part of these financial statements ``` ``` Page 9 ``` ``` MARTIN PARR FOUNDATION ``` ## **`NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2023`** ## **`1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES`** |**`Net income for the reporting period (as per the Statement`**
**`of Financial Activities)`**
**`Adjustments for:`**
`Depreciation charges`
`Gain on investments`
`Interest received`
`Increase in debtors`
`Decrease in creditors`
**`Net cash provided by operations`**|`2023`
`£`
`217,564`
`18,085`
`(5,000)`
`(29)`
`(35,161)`
`(10,334)`
`185,125`|`2022`
`£`
`102,881`
`21,122`
`(10,000)`
`(5)`
`(7,656)`
`(12,022)`
`94,320`| |---|---|---| ## **`2. ANALYSIS OF CHANGES IN NET FUNDS`** ||`At 1.4.22`|`Cash flow`|`At 31.3.23`| |---|---|---|---| ||`£`|`£`|`£`| |**`Net cash`**|||| |`Cash at bank`|`61,643`|`(7,511)`|`54,132`| ||`61,643`|`(7,511)`|`54,132`| |**`Total`**|`61,643`|`(7,511)`|`54,132`| ``` The notes form part of these financial statements ``` ``` Page 10 ``` ``` MARTIN PARR FOUNDATION ``` ## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023`** ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` TheFinancialStatementsofthecharitablecompany,whichisapublicbenefitentityunder FRS 102,havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'Accounting and ReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their accountsinaccordancewiththeFinancialreportingStandardapplicableintheUKandRepublic of Ireland(FRS102)(effective1January2015)',FinancialReportingStandard102'The Financial ReportingStandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct 2006. The financial statements have been prepared under the historical cost convention. ``` ``` ThefinancialstatementsarepresentedinSterlingwhichisthefunctioncurrencyofthe company and rounded to the nearest £. ``` ## **`Income`** ``` AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ``` ## **`Expenditure`** ``` Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they have been allocated to activities on a basis consistent with the use of resources. ``` ## **`Tangible fixed assets`** ``` Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its estimated useful life. ``` ``` Freehold property- over 50 years ``` ## **`Investment property`** ``` Investmentpropertyisshownatmostrecentvaluation.Anyaggregatesurplusordeficit arising 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`** ``` Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the trustees. ``` ``` Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the charity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedfor particular restricted purposes. ``` ``` Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial statements. ``` ## **`Pension costs and other post-retirement benefits`** ``` Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayable to thecharitablecompany'spensionschemearechargedtotheStatementofFinancialActivities in the period to which they relate. ``` ``` continued... ``` ``` Page 11 ``` ## **`MARTIN PARR FOUNDATION`** ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023`** |**`2.`**|**`DONATIONS AND LEGACIES`**||| |---|---|---|---| |||`2023`|`2022`| |||`£`|`£`| ||`Donations`|`315,262`|`225,077`| ||`Gift aid`|`28,749`|`-`| ||`Sponsorships`|`17,000`|`2,249`| ||`Memberships`|`43,491`|`36,158`| ||`Donated services and facilities`|`25,207`|`620`| ||`Joint publishing income`|`-`|`5,000`| ||`Arts council grant`|`-`|`9,000`| ||`Studio hire`|`237`|`647`| ||`Commission received`|`-`|`1,000`| |||`429,946`|`279,751`| |**`3.`**|**`OTHER TRADING ACTIVITIES`**||| |||`2023`|`2022`| |||`£`|`£`| ||`Artist Talks and book signing`|`7,994`|`7,131`| ||`Publications`|`1,700`|`2,535`| ||`Tours`|`1,471`|`4,000`| ||`Work shop`|`8,342`|`-`| ||`Trade event`|`6,380`|`17,729`| |||`25,887`|`31,395`| |**`4.`**|**`INVESTMENT INCOME`**||| |||`2023`|`2022`| |||`£`|`£`| ||`Rents received`|`45,150`|`44,750`| ||`Deposit account interest`|`29`|`5`| |||`45,179`|`44,755`| |**`5.`**|**`RAISING FUNDS`**||| ||**`Raising donations and legacies`**||| |||`2023`|`2022`| |||`£`|`£`| ||`Support costs`|`500`|`-`| ||**`Other trading activities`**||| |||`2023`|`2022`| |||`£`|`£`| ||`Purchases`|`7,966`|`7,091`| ||`Commission`|`249`|`6,000`| ||`Talk fees`|`10,730`|`2,104`| ||`Conservation costs`|`-`|`2,523`| ||`Festival costs`|`-`|`9,000`| |||`18,945`|`26,718`| ||`Aggregate amounts`|`19,445`|`26,718`| ``` continued... ``` ``` Page 12 ``` ``` MARTIN PARR FOUNDATION ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023`** ## **`6. CHARITABLE ACTIVITIES COSTS`** |**`CHARITABLE ACTIVITIES COSTS`**||||| |---|---|---|---|---| |`General`
**`SUPPORT COSTS`**
`Management`
`£`
`Raising donations and legacies`
`-`
`General`
`17,031`
`17,031`|`Direct`
`Costs`
`£`
`218,149`
`Finance`
`£`
`-`
`4,664`
`4,664`|`Support`
`costs (see`
`note 7)`
`£`
`30,680`
`Governance`
`costs`
`£`
`500`
`8,985`
`9,485`|`Totals`
`£`
`248,829`|| |||||`Totals`
`£`
`500`
`30,680`| |||||`31,180`| ## **`7. SUPPORT COSTS`** ## **`8. NET INCOME/(EXPENDITURE)`** ``` Net income/(expenditure) is stated after charging/(crediting): ``` ||`2023`|`2022`| |---|---|---| ||`£`|`£`| |`Depreciation - owned assets`|`18,085`|`21,123`| ## **`9. TRUSTEES' REMUNERATION AND BENEFITS`** ``` Therewerenotrustees'remunerationorotherbenefitsfortheyearended31stMarch2023nor for the year ended 31st March 2022. ``` ## **`Trustees' expenses`** ``` Therewerenotrustees'expensespaidfortheyearended31stMarch2023norfortheyear ended 31st March 2022. ``` ## **`10. STAFF COSTS`** |`Wages and salaries`
`Social security costs`
`Other pension costs`|`2023`
`£`
`145,572`
`5,706`
`3,929`
`155,207`|`2022`
`£`
`129,355`
`2,170`
`3,081`| |---|---|---| |||`134,606`| ``` The average monthly number of employees during the year was as follows: ``` ||`2023`|`2022`| |---|---|---| |`Admin and support`|`4`|`4`| ``` No employees received emoluments in excess of £60,000. ``` ``` continued... ``` ``` Page 13 ``` ``` MARTIN PARR FOUNDATION ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023`** ## **`11. 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 gains on investments`
**`NET INCOME`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**|`Unrestricted`
`funds`
`£`
`279,751`
`31,395`
`44,755`
`355,901`
`26,718`
`213,061`
`23,241`
`263,020`
`10,000`
`102,881`
`2,374,579`
`2,477,460`| |---|---| ## **`12. TANGIBLE FIXED ASSETS`** |**`COST`**
`At 1st April 2022`
`Additions`
`At 31st March 2023`
**`DEPRECIATION`**
`At 1st April 2022`
`Charge for year`
`At 31st March 2023`
**`NET BOOK VALUE`**
`At 31st March 2023`
`At 31st March 2022`|`Freehold`
`property`
`£`
`696,274`
`-`
`696,274`
`75,426`
`13,925`
`89,351`
`606,923`
`620,848`|`Plant and`
`machinery`
`£`
`57,474`
`3,260`
`60,734`
`44,582`
`4,160`
`48,742`
`11,992`
`12,892`|`Computer`
`equipment`
`£`
`11,644`
`-`
`11,644`
`11,644`
`-`
`11,644`
`-`
`-`|`Totals`
`£`
`765,392`
`3,260`| |---|---|---|---|---| |||||`768,652`| |||||`131,652`
`18,085`| |||||`149,737`| |||||`618,915`| |||||`633,740`| ``` continued... ``` ``` Page 14 ``` ``` MARTIN PARR FOUNDATION ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023`** ## **`13. HERITAGE ASSETS`** |**`HERITAGE ASSETS`**|| |---|---| |**`MARKET VALUE`**
`At 1st April 2022`
`Additions`
`At 31st March 2023`
**`NET BOOK VALUE`**
`At 31st March 2023`
`At 31st March 2022`|`Total`
`£`
`1,398,592`
`182,978`| ||`1,581,570`| ||`1,581,570`| ||`1,398,592`| ||`Martin Parr Foundation owns a collection of books by british photographers.`|`Martin Parr Foundation owns a collection of books by british photographers.`|`Some of these`
`books`|`Some of these`
`books`| |---|---|---|---|---| ||`have been donated to the foundation, other have been purchased by the `||`foundation to preserve`|| ||`the heritage of british photography.`|||| |**`14.`**|**`INVESTMENT PROPERTY`**|||| |||||`£`| ||**`FAIR VALUE`**|||| ||`At 1st April 2022`|||`361,414`| ||`Revaluation`|||`5,000`| ||`At 31st March 2023`|||`366,414`| ||**`NET BOOK VALUE`**|||| ||`At 31st March 2023`|||`366,414`| ||`At 31st March 2022`|||`361,414`| ||`Fair value at 31st March 2023 is represented by:`|||| |||||`£`| ||`Valuation in 2022`|||`10,000`| ||`Valuation in 2023`|||`5,000`| ||`Cost`|||`351,414`| |||||`366,414`| |**`15.`**|**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**|||| ||||`2023`|`2022`| ||||`£`|`£`| ||`Trade debtors`||`3,367`|`10,773`| ||`Other debtors`|`70,843`||`29,113`| ||`Social security and other tax`||`6,427`|`-`| ||`Prepayments and accrued income`||`8,499`|`7,662`| |||`89,136`||`47,548`| ``` continued... ``` ``` Page 15 ``` ``` MARTIN PARR FOUNDATION ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023`** ## **`16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`** |`Trade creditors`
`Social security and other taxes`
`Accrued expenses`|`2023`
`£`
`8,987`
`-`
`6,156`
`15,143`|`2022`
`£`
`20,144`
`613`
`4,720`| |---|---|---| |||`25,477`| ## **`17. MOVEMENT IN FUNDS`** |`Net`
`movement`
`At 1.4.22`
`in funds`
`£`
`£`
**`Unrestricted funds`**
`General fund`
`2,477,460`
`217,564`
`Heritage Assets`
`-`
`-`
`2,477,460`
`217,564`
**`TOTAL FUNDS`**
`2,477,460`
`217,564`
`Net movement in funds, included in the above are as follows:`
`Incoming`
`Resources`
`resources`
`expended`
`£`
`£`
**`Unrestricted funds`**
`General fund`
`501,012`
`(288,448)`
**`TOTAL FUNDS`**
`501,012`
`(288,448)`|`Transfers`
`between`
`funds`
`£`
`(1,581,570)`
`1,581,570`
`-`
`-`
`Gains and`
`losses`
`£`
`5,000`
`5,000`|`At`
`31.3.23`
`£`
`1,113,454`
`1,581,570`
`2,695,024`
`2,695,024`
`Movement`
`in funds`
`£`
`217,564`
`217,564`| |---|---|---| |||| |||| |||| ## **`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`|`Net`
`movement`
`in funds`
`£`
`102,881`
`-`
`102,881`
`102,881`|`Transfers`
`between`
`funds`
`£`
`(1,392,469)`
`1,392,469`
`-`
`-`|`At`
`31.3.22`
`£`
`1,084,991`
`1,392,469`| |---|---|---|---|---| |||||`2,477,460`| |||||`2,477,460`| ``` Comparative net movement in funds, included in the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`355,901`
`355,901`|`Resources`
`expended`
`£`
`(263,020)`
`(263,020)`|`Gains and`
`losses`
`£`
`10,000`
`10,000`|`Movement`
`in funds`
`£`
`102,881`
`102,881`| |---|---|---|---|---| ``` continued... ``` ``` Page 16 ``` ``` MARTIN PARR FOUNDATION ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023`** ## **`17. MOVEMENT IN FUNDS - continued`** ``` A current year 12 months and prior year 12 months combined position is as follows: ``` |**`Unrestricted funds`**
`General fund`
`Heritage Assets`
**`TOTAL FUNDS`**|`At 1.4.21`
`£`
`2,374,579`
`-`
`2,374,579`
`2,374,579`|`Net`
`movement`
`in funds`
`£`
`320,445`
`-`
`320,445`
`320,445`|`Transfers`
`between`
`funds`
`£`
`(2,974,039)`
`2,974,039`
`-`
`-`|`At`
`31.3.23`
`£`
`(279,015)`
`2,974,039`
`2,695,024`
`2,695,024`| |---|---|---|---|---| ``` Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`856,913`
`856,913`|`Resources`
`expended`
`£`
`(551,468)`
`(551,468)`|`Gains and`
`losses`
`£`
`15,000`
`15,000`|`Movement`
`in funds`
`£`
`320,445`
`320,445`| |---|---|---|---|---| ## **`18. RELATED PARTY DISCLOSURES`** ``` There were no related party transactions for the year ended 31st March 2023. ``` ``` Page 17 ``` ``` MARTIN PARR FOUNDATION ``` ## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023`** |**`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`
`Publications`
`Tours`
`Work shop`
`Trade event`
**`Investment income`**
`Rents received`
`Deposit account interest`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Other trading activities`**
`Printing costs`
`Packing and carriage`
`Commission`
`Talk fees`
`Conservation costs`
`Festival costs`
**`Charitable activities`**
`Wages`
`Social security`
`Pensions`
`Rates and water`
`Insurance`
`Light and heat`
`Telephone`
`Postage and stationery`
`Promotions and advertising`
`Carried forward`|`2023`
`£`
`315,262`
`28,749`
`17,000`
`43,491`
`25,207`
`-`
`-`
`237`
`-`
`429,946`
`7,994`
`1,700`
`1,471`
`8,342`
`6,380`
`25,887`
`45,150`
`29`
`45,179`
`501,012`
`360`
`7,606`
`249`
`10,730`
`-`
`-`
`18,945`
`145,572`
`5,706`
`3,929`
`7,287`
`1,954`
`4,542`
`-`
`1,799`
`29,534`
`200,323`|`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`
`2,170`
`3,081`
`6,318`
`1,257`
`4,542`
`300`
`2,330`
`15,876`
`165,229`| ``` This page does not form part of the statutory financial statements ``` ``` Page 18 ``` ``` MARTIN PARR FOUNDATION ``` ## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES`** ## **`FOR THE YEAR ENDED 31ST MARCH 2023`** |**`Charitable activities`**
`Brought forward`
`Travel`
`Computer and Software`
`Subscriptions`
`Co Publishing costs`
`Rental property - repairs`
`Work shop costs`
**`Other`**
`Foundation Bursary`
`Depreciation of tangible fixed assets`
**`Support costs`**
**`Management`**
`Repairs and renewals`
`Sundries`
**`Finance`**
`Rent`
`Bank charges`
**`Governance costs`**
`Accountancy and legal fees`
`Total resources expended`
**`Net income`**|`2023`
`£`
`200,323`
`6,980`
`8,113`
`2,733`
`-`
`-`
`-`
`218,149`
`2,091`
`18,083`
`20,174`
`16,441`
`590`
`17,031`
`840`
`3,824`
`4,664`
`9,485`
`288,448`
`212,564`|`2022`
`£`
`165,229`
`2,787`
`6,952`
`1,983`
`2,200`
`1,357`
`3,400`| |---|---|---| |||`183,908`
`2,119`
`21,122`| |||`23,241`
`12,645`
`1,902`| |||`14,547`
`840`
`3,721`| |||`4,561`
`10,045`| |||`263,020`| |||`92,881`| ``` This page does not form part of the statutory financial statements ``` ``` Page 19 ```