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 2025
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 2025
|
|
Page |
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Report of the Trustees |
1 |
to |
5 |
Independent Examiner's Report |
|
6 |
|
Statement of Financial Activities |
|
7 |
|
Balance Sheet |
8 |
to |
9 |
Cash Flow Statement |
|
10 |
|
Notes to the Cash Flow Statement |
|
11 |
|
Notes to the Financial Statements |
12 |
to |
18 |
Detailed Statement of Financial Activities |
19 |
to |
20 |
MARTIN PARR FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,present their
reportwiththefinancialstatementsofthecharityfortheyearended31stMarch2025.Thetrustees have
adoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Toadvanceeducationinthearts,inparticulartheartofphotography,bytheestablishmentand maintenance
ofagalleryandlibraryofdocumentaryphotographybooksandphotographs,inparticularbutnotbyway of
limitation, of the work of Martin Parr.
Page 1
MARTIN PARR FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025
OBJECTIVES AND ACTIVITIES
Significant activities
Exhibitions
Thegalleryisopentothepublic4daysperweek(ThutoSun)andentryisalwaysfree.Theyearsaw Martin
ParrFoundation(MPF)exhibitbothearlycareerandmoreestablishedphotographers.Visitornumbersto MPF
exhibitionscontinuestoincreasewiththeshowOneYear!PhotographsfromtheMiners'Strike welcoming
3000 visitors..
20/20 by Chris Killip & Graham Smith
11 April 2024 to 30 June 2024
20/20 was curated by and first shown at Augusta Edwards Fine Art, London.
AreconceivedtellingofKillipandSmith'sseminalshowAnotherCountry.MPFandAugustaEdwardsFine Art
re-published the catalogue to coincide with the exhibition.
I'm Com'un Home in the Morn'un by Elaine Constantine
11 July 2024 to 22 September 2024
Dynamicfull-colourimagesthatcapturetheNorthernSoulsceneofthe1990s.Tenprintsfrom the
commission entered the MPF collection.
Monument by Trent Parke
03 October 2024 to 22 December 2024
TheEuropeanpremiereofthisnewwork,organisedtocoincidewiththeBristolPhotoFestival.Trent travelled
from Australia to be there for the opening, which attracted a large audience.
The Creative Body: Photographs 2014 - 2024 by Sian Davey
16 January 2025 to 23 March 2025
A first survey of Sian's work, presenting three major series: Looking for Alice, Martha and The Garden.
Outdoor Stands
TheresultingworkfromacourseforyoungphotographersheldatMPFincollaborationwithNoodswent on
showontheoutdoorstands.ThiswastitledProcess.WealsoshowedworkfromTheMagicMoneyTreat by
Kirsty Mackay. Kirsty gave informal talks around the stands during BOP weekend.
Talks, Events and Workshops
MPFheldregulartalksinthegallerythroughouttheyearwithbothemergingandwell-known photographers.
SomehighlightsincludedDeutscheBörsewinnerLebohangKganye,JemSoutham,DianaMarkosian and
JohnyPitts.AspecialseminardayonBritishPhotographyinthe1990ssawuswelcomeRichard Billingham,
Vinca Petersen, Stephen Gill, Joy Gregory and Juergen Teller.
Anexhibitionpartywasalsoheldforeachofthefourexhibitionsinthegallery.Theseeveningsdraw large
crowdsfromacrossthecityandfurtherafield.TheyhelptospreadthemessageaboutMPFandthework it
does.
Othereventstotakeplaceduringtheyearincludedvarioustoursaswellasapracticalworkshopwith Trent
Parke and film screening of Elaine Constantine's Northern Soul film.
TheannualBOPfestivalinconjunctionwithTheRoyalPhotographicSocietyagainattractedalarge visitor
numbers.Withover60publisherstalls,9talks,variouspop-upexhibitionsandtheMuseumof Roadside
Magic, the event is now a permanent fixture in the photography calendar.
Membership scheme
ThemembershipyearendedinNovember2024with555memberships,equatingtoabout£58,000 revenue.
Thenumberofmemberswasonceagainhigherthanthepreviousyear(531)andourbesteveryear end
total.Ournewlower-priced'Community'tierfortheunder25sandlowwagedprovedverypopular.As of
March2025,subscriptionswereoncoursetoagainoutperformallpreviousyears.Twoofthe key
membershipeventswerethePatrons'dinnerheldinthegallerywithtalkfromSianDavey,anda Members'
photo competition held over Zoom, judged by Martin Parr.
Page 2
MARTIN PARR FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025
OBJECTIVES AND ACTIVITIES
Archive
Graham Smith, 3x modern prints plus +supporting ephemera acquired after 20/20 exhibition.
Nigel Henderson, 2x vintage prints
Photo Co-op Archive (PCA), 200x vintage prints +ephemera and supporting materials of PCA history.
Mike Goldwater, 5x prints acquired from his series Isle of Thanet
Joy Gregory, Autoportrait Portfolio, 8x prints and portfolio box.
Raymond Moore, 12x vintage prints and dark room tests.
Derek Ridgers, 41x vintage prints.
Roger Mayne, 6x vintage prints.
Robert Frank, 11x prints (modern and vintage) part-acquisition part-gift.
Elaine Constantine, 10x pigment prints
Marketa Luskacova 5x vintage and modern prints, from series East End Markets and Pilgrims
Sian Davey 2x Pigment prints + 1 gift, from series The Garden
MPF Database/Archive:
MPFisintheprocessofcataloguingthecollectionintoadatabasethatwillbeaccessiblefor members,
researchers, curators and students.
The current figures are as follows -
Prints = 3,198
Photobooks = 3,658
Objects = 212
Total entries: 6,856
Total number of items recorded to excel list level:
Publications = 7,219
Prints = 5,889
Posters = 686
Dummies = 43
Total = 13,837
Loaning materials from MPF Collection:
MPF loaned a number of works to the exhibition The 80s: Photographing Britain held at Tate Britain.
Theloanincluded37worksintotal,fromartistsMartinParr,PogusCaesar,PaulReas,TomWood, Brenda
Prince, and John Davies.
MPFloanedanumberofworkstotheexhibitionLive'sLessOrdinary:Working-ClassBritainRe-seenheld at
Two Temple Place. The loan included 9 works in total, from artists Chris Killip, and Julian Germain.
MPF Shop
TheshopbothinhouseandonlinecontinuestothriveandremainsavaluablesourceofincomeforMPF. Book
signingsfollowingatalkhavebecomeasuccessfulformat.MPFmerchandiseisverypopularwithnew lines
addedthroughouttheyear.Largetradeorderscontinuetocomeinfromgalleriesandmuseumsinthe UK
and beyond, particularly those exhibiting the work of Martin Parr.
Sofa Sessions
MPFcontinuestorecordnewsofasessionswithguestswhopassthroughthebuilding.Theseshortfilms are
incrediblypopularandhelpspreadthemessageoftheFoundationinternationally.InApril2025the total
numberpublishedonlinewas33.TheMartinParrFoundationYouTubechannelhas14,500subscribers and
there have been 459,000 views.
Commissions
MPFandWeFeedTheUKcommissionedJonTonkstoproduceworkwhichdocumentshisencounterswith the
marinefishingworld,andthosetryingtoactmoresustainablyalongthesouthwestcoastofEngland.This will
go on show in the gallery later in 2025.
Page 3
MARTIN PARR FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025
STRATEGIC REPORT
Achievements and performance
Charitable activities
TheMartinParrFoundationacquiredabuildingonthenewlydevelopedPaintworkscomplexinBristol in
January2017.Withthehelpofanarchitect,thespacewasdesignedandfittedouttoaccommodate a
gallery, temperature controlled storage, a library and a studio/office.
October2017sawthelaunchoftheMartinParrFoundationwhichincludedaseminardayfocussingon British
photography.Withanimpressiveline-upofeminentspeakersandpanellists,thiseventattractedover 150
participants.
Thegalleryisopentothepublicfourdaysaweekandthereisaprogrammeoftalksandbook-signings which
takeplaceatleastonceamonth.TheseeventsinvolvephotographersfromtheUKandbeyondtalking 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-publishphotographybooks, commission
photographers to produce new bodies of work and continue to acquire works for 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
316 Paintworks
Arnos Vale
Bristol
BS4 3AR
Trustees
M Parr Photographer (deceased 6.12.25)
Dr S P Parr Author
Miss E Parr Chef
Ms F E Parker Director
Ms A Pardo Curator (resigned 12.11.24)
Mrs J Ricketts Independent Photography Consultant
S T Chong Professor and Curator
A Z Schuman : Photographer and Associate Professor
Page 4
MARTIN PARR FOUNDATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025
REFERENCE AND ADMINISTRATIVE DETAILS Company Secretary
Independent Examiner
Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD
Reportofthetrustees,incorporatingastrategicreport,approvedbyorderoftheboardoftrustees,as the
company directors, on 26th January 2026 and signed on the board's behalf by:
Dr S P 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 2025.
Responsibilities and basis of report
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompanies Act
2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16of the
2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your
charity'saccountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act').Incarrying out
myexaminationIhavefollowedtheDirectionsgivenbytheCharityCommissionunderSection145(5)(b) of
the 2011 Act.
Independent examiner's statement
Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalistedbody. I
canconfirmthatIamqualifiedtoundertaketheexaminationbecauseIamamemberoftheInstitute of
Chartered Accountants in England and Wales, which is one of the listed bodies.
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnection 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
26th January 2026
Page 6
MARTIN PARR FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025
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 INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
2025
Unrestricted
funds
£
368,040
35,209
54,327
457,576
17,551
327,733
23,686
368,970
88,606
2,827,982
2,916,588 |
2024
Total
funds
£
388,946
28,033
50,944 |
|
|
467,923 |
|
|
11,067
302,262
21,636 |
|
|
334,965 |
|
|
132,958
2,695,024 |
|
|
2,827,982 |
The notes form part of these financial statements
Page 7
MARTIN PARR FOUNDATION
BALANCE SHEET 31ST MARCH 2025
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 |
2025
Unrestricted
funds
£
600,655
1,901,606
366,414
2,868,675
46,926
21,440
68,366
(20,453)
47,913
2,916,588
2,916,588
2,916,588
2,916,588 |
2024
Total
funds
£
608,691
1,760,571
366,414
2,735,676
43,788
64,079
107,867
(15,561)
92,306
2,827,982
2,827,982
2,827,982
2,827,982 |
|
|
|
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006 for
the year ended 31st March 2025.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31st March 2025 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
26th January 2026 and were signed on its behalf by:
The notes form part of these financial statements
continued...
Page 8
MARTIN PARR FOUNDATION
BALANCE SHEET - continued 31ST MARCH 2025
S P Parr - Trustee
The notes form part of these financial statements
Page 9
MARTIN PARR FOUNDATION
CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2025
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 |
2025
£
111,689
(122)
111,567
(13,498)
(141,035)
327
(154,206)
(42,639)
64,079
21,440 |
2024
£
197,285
476
197,761
(9,257)
(179,001)
444
(187,814)
9,947
54,132
64,079 |
|
|
|
The notes form part of these financial statements
Page 10
MARTIN PARR FOUNDATION
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2025
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
|
2025 |
2024 |
|
£ |
£ |
Net income for the reporting period (as per the Statement of |
|
|
Financial Activities) |
88,606 |
132,958 |
Adjustments for: |
|
|
Depreciation charges |
21,533 |
19,481 |
Interest received |
(327) |
(444) |
(Increase)/decrease in debtors |
(3,015) |
44,872 |
Increase in creditors |
4,892 |
418 |
Net cash provided by operations |
111,689 |
197,285 |
2. ANALYSIS OF CHANGES IN NET FUNDS
|
At 1.4.24 |
Cash flow |
At 31.3.25 |
|
£ |
£ |
£ |
Net cash |
|
|
|
Cash at bank |
64,079 |
(42,639) |
21,440 |
|
64,079 |
(42,639) |
21,440 |
Total |
64,079 |
(42,639) |
21,440 |
The notes form part of these financial statements
Page 11
MARTIN PARR FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
TheFinancialStatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReporting by
Charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in
accordancewiththeFinancialreportingStandardapplicableintheUKandRepublicofIreland (FRS
102)(effective1January2015)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCompaniesAct2006.Thefinancial statements
have been prepared under 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
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswill be
requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is
accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost
relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey 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.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
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
Pension costs and other post-retirement benefits
Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayableto the
charitablecompany'spensionschemearechargedtotheStatementofFinancialActivitiesin the
period to which they relate.
continued...
Page 12
MARTIN PARR FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025
2.
DONATIONS AND LEGACIES
Donations
Gift aid
Sponsorships
Memberships
Donated services and facilities
Joint publishing income
Studio hire
Commission received
Loan of art work
3.
OTHER TRADING ACTIVITIES
Artist Talks and book signing
Publications
Tours
Work shop
Trade event
4.
INVESTMENT INCOME
Rents received
Deposit account interest
5.
RAISING FUNDS
Other trading activities
Purchases
Commission
Talk fees |
2025
£
290,392
16,677
6,956
46,368
-
200
-
-
7,447
368,040
2025
£
2,854
-
6,231
7,245
18,879
35,209
2025
£
54,000
327
54,327
2025
£
5,459
5,590
6,502
17,551 |
2024
£
264,158
79,011
1,500
39,409
3,635
-
33
1,200
- |
2024
£
264,158
79,011
1,500
39,409
3,635
-
33
1,200
- |
|
|
388,946 |
|
|
|
|
2024
£
7,835
186
3,095
3,285
13,632 |
|
|
|
28,033 |
|
|
|
2024
£
50,500
444 |
|
|
|
50,944 |
|
|
|
2024
£
4,615
3,000
3,452 |
|
|
|
11,067 |
continued...
Page 13
MARTIN PARR FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025
6. CHARITABLE ACTIVITIES COSTS
CHARITABLE ACTIVITIES COSTS |
|
|
General
SUPPORT COSTS
Management
£
General
27,498 |
Support
Direct
costs (see
Costs
note 7)
£
£
283,896
43,837
Governance
Finance
costs
£
£
6,019
10,320 |
Totals
£
327,733 |
|
|
Totals
£
43,837 |
7. SUPPORT COSTS
8. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
|
2025 |
2024 |
|
£ |
£ |
Depreciation - owned assets |
21,534 |
19,481 |
9. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31stMarch2025nor for
the year ended 31st March 2024.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31stMarch2025norfortheyear ended
31st March 2024.
10. STAFF COSTS
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Admin and support |
2025
£
182,900
9,516
11,463
203,879
2025
4 |
2024
£
173,091
8,025
5,775 |
|
|
186,891 |
|
|
2024
4 |
No employees received emoluments in excess of £60,000.
continued...
Page 14
MARTIN PARR FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025
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 INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
TANGIBLE FIXED ASSETS
COST
At 1st April 2024
Additions
At 31st March 2025
DEPRECIATION
At 1st April 2024
Charge for year
At 31st March 2025
NET BOOK VALUE
At 31st March 2025
At 31st March 2024 |
Freehold
property
£
696,274
-
696,274
103,276
13,925
117,201
579,073
592,998 |
Plant and
machinery
£
69,991
13,498
83,489
54,298
7,609
61,907
21,582
15,693 |
Computer
equipment
£
11,644
-
11,644
11,644
-
11,644
-
- |
Unrestricted
funds
£
388,946
28,033
50,944
467,923
11,067
302,262
21,636
334,965
132,958
2,695,024
2,827,982
Totals
£
777,909
13,498
791,407
169,218
21,534
190,752
600,655
608,691 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12. TANGIBLE FIXED ASSETS
continued...
Page 15
MARTIN PARR FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025
13. HERITAGE ASSETS
HERITAGE ASSETS |
|
MARKET VALUE
At 1st April 2024
Additions
At 31st March 2025
NET BOOK VALUE
At 31st March 2025
At 31st March 2024 |
Total
£
1,760,571
141,035 |
|
1,901,606 |
|
1,901,606 |
|
1,760,571 |
MartinParrFoundationownsacollectionofbooksbybritishphotographers.Someofthese books
havebeendonatedtothefoundation,otherhavebeenpurchasedbythefoundationtopreserve the
heritage of british photography.
14. INVESTMENT PROPERTY
FAIR VALUE
At 1st April 2024
and 31st March 2025
NET BOOK VALUE
At 31st March 2025
At 31st March 2024
Fair value at 31st March 2025 is represented by:
Valuation in 2022
Valuation in 2023
Cost
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Social security and other tax
Prepayments and accrued income |
2025
£
4,937
25,507
6,073
10,409
46,926 |
£
366,414 |
£
366,414 |
|
|
366,414 |
|
|
|
366,414 |
|
|
|
£
10,000
5,000
351,414 |
|
|
|
366,414 |
|
|
|
|
2024
£
2,630
23,585
5,951
11,622 |
|
|
|
43,788 |
15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
continued...
Page 16
MARTIN PARR FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025
16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Accrued expenses
17.
MOVEMENT IN FUNDS
At 1.4.24
£
Unrestricted funds
General fund
2,827,982
TOTAL FUNDS
2,827,982
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
457,576
TOTAL FUNDS
457,576
Comparatives for movement in funds
At 1.4.23
£
Unrestricted funds
General fund
2,695,024
TOTAL FUNDS
2,695,024
Comparative net movement in funds, included in the above are as follows: |
|
2025
£
14,928
5,525
20,453
Net
movement
in funds
£
88,606
88,606
Resources
expended
£
(368,970)
(368,970)
Net
movement
in funds
£
132,958
132,958 |
2024
£
8,652
6,909
15,561
At
31.3.25
£
2,916,588
2,916,588
Movement
in funds
£
88,606
88,606
At
31.3.24
£
2,827,982
2,827,982 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
467,923
467,923 |
Resources
expended
£
(334,965)
(334,965) |
Movement
in funds
£
132,958
132,958 |
|
|
|
|
continued...
Page 17
MARTIN PARR FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025
17. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
At 1.4.23
£
2,695,024
2,695,024 |
Net
movement
in funds
£
221,564
221,564 |
At
31.3.25
£
2,916,588 |
|
|
|
2,916,588 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedin the
above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
925,499
925,499 |
Resources
expended
£
(703,935)
(703,935) |
Movement
in funds
£
221,564
221,564 |
|
|
|
|
18. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st March 2025.
Page 18
MARTIN PARR FOUNDATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Sponsorships
Memberships
Donated services and facilities
Joint publishing income
Studio hire
Commission received
Loan of art work
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
Charitable activities
Wages
Social security
Pensions
Rates and water
Insurance
Light and heat
Carried forward |
2025
£
290,392
16,677
6,956
46,368
-
200
-
-
7,447
368,040
2,854
-
6,231
7,245
18,879
35,209
54,000
327
54,327
457,576
875
4,584
5,590
6,502
17,551
182,900
9,516
11,463
9,733
1,879
6,600
222,091 |
2024
£
264,158
79,011
1,500
39,409
3,635
-
33
1,200
- |
|
|
388,946
7,835
186
3,095
3,285
13,632 |
|
|
28,033
50,500
444 |
|
|
50,944 |
|
|
467,923
661
3,954
3,000
3,452 |
|
|
11,067
173,091
8,025
5,775
7,927
1,550
5,742
202,110 |
This page does not form part of the statutory financial statements
Page 19
MARTIN PARR FOUNDATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025
Charitable activities
Brought forward
Postage and stationery
Promotions and advertising
Travel
Computer and Software
Subscriptions
Other
Rental income
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 |
2025
£
222,091
2,282
36,243
10,246
8,694
4,340
283,896
2,153
21,533
23,686
25,337
2,161
27,498
1,680
4,339
6,019
10,320
368,970
88,606 |
2024
£
202,110
1,668
38,930
8,587
7,633
3,726 |
|
|
262,654
2,153
19,483 |
|
|
21,636
23,718
500 |
|
|
24,218
-
4,789 |
|
|
4,789
10,601 |
|
|
334,965 |
|
|
132,958 |
This page does not form part of the statutory financial statements
Page 20