``` 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`**|| |---|---|---|---| |**`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 ```