THE BRIAN MAY ARCHIVE OF STEREOSCOPY
Trustees’ Report
and Unaudited Financial Statements
for the year ended 31 December 2024
Registered Charity Number 1184354
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE BRIAN MAY ARCHIVE OF STEREOSCOPY
INDEX
| Page | |
|---|---|
| Charity information | 1 |
| Trustees’ report | 2 |
| Independent examiner’s report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Statement of Cash Flows | 9 |
| Accounting policies | 10 |
| Notes to the financial statements | 12 |
THE BRIAN MAY ARCHIVE OF STEREOSCOPY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
CHARITY INFORMATION
Trustees
Emily Alford Sir Brian May CBE Louisa Winter Dr Michael Pritchard BSc(Hons) FRPS DGPH Lindsey Stewart
Principal office
Allerton Hill Westwood Road Windlesham GU20 6LS
Registered charity number
1184354
Independent examiner
Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY
Bankers
Coutts & Co 440 Strand London WC2R 0QS
Page 1
THE BRIAN MAY ARCHIVE OF STEREOSCOPY
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES’ REPORT
The trustees have pleasure in presenting their annual report for the purposes of the Charities Act 2011, together with the accounts for the year ended 31 December 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.
STRUCTURE GOVERNANCE AND MANAGEMENT
The Brian May Archive of Stereoscopy (BMAS) is a registered charity established as a charitable incorporated organisation and registered 10 July 2019 as amended 21 March 2022.
The power to appoint and remove trustees is vested in the trustees by resolution at meetings of the trustees.
On agreeing to become a trustee of the charity, the trustees are thoroughly briefed by the existing co-trustees on the constitution of the Trust, the day-to-day management, responsibilities of the trustees, the current objectives and future plans.
The trustees are responsible for identifying and reviewing the major risks to which the charity is exposed and confirm that, as far as is possible given the nature of the grant payments and locations to which they are made, arrangements have been established to mitigate those risks.
Key management personnel remuneration
The trustees consider the board of trustees comprise the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day to day basis. The trustees give of their time freely and no trustee remuneration or expenses were paid in the year.
OBJECTIVES AND ACTIVITIES
The objects of the charity are:
-
To preserve and conserve for the Nation a unique collection of stereoscopic images and devices and other related materials (the "Archive"), representing a significant part of Britain's heritage of stereoscopic (3-D) photography, created from the 1850s onwards.
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To advance the education of the public in the subject of stereoscopic photography in England and elsewhere by providing physical access to the Archive for those carrying out academic research, the development and publication of a free to access online catalogue of the stereoscopic images and other related materials held in the Archive, and through the loan of items from the Archive to public museums and galleries.
In pursuance of its objects, the charity's income is applied as deemed appropriate in accordance with and in furtherance of the charity's objectives. The Trust has established its grant making policy to achieve these stated objectives for the public benefit. The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's objectives in planning its future activities and agreeing its grant making for the year.
ACHIEVEMENTS AND PERFORMANCE
During the year under review, BMAS undertook to collate and conserve stereoscopic equipment and stereoscopic images in addition to providing education on and promotion of the field. A summary of the activities undertaken is provided below.
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Preservation and Conservation: o Purchase of the ‘Philip Banham’ collection, consisting of 2,176 Victorian stereoscopic photographs, mostly European. The main interest of the collection was the quality of the prints and included many photographs which were not already in the BMAS collections, with very few duplicates.
-
Collection of a Wheatstone Bust, symphonium, and sampler from a private collection.
-
o 2,752 stereocards digitised.
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A complete list of the 429 named British photographers in Sir Brian May’s collection of stereocards produced.
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A new 24-hour security team deployed across the site, covering the archive rooms.
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Additional CCTV systems installed.
Page 2
THE BRIAN MAY ARCHIVE OF STEREOSCOPY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES’ REPORT
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Fire and burglar alarm systems upgraded.
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Annual electrical testing and checks, including alarm systems, first suppression systems, dehumidifiers, and air conditioning.
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Replacement of a dehumidifier.
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Education and Advocacy:
-
Exhibitions:
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‘Victorian Virtual Reality: Photographs from the Brian May Archive of Stereoscopy’ exhibition at Watts Gallery – Artists Village, Compton, Surrey. Loan of 150 original stereocards from BMAS’s collections, and other related objects for the education of the public on the history of stereoscopy. BMAS’s curators also helped with 8 curators’ tours, and 1 educational 3-D presentation. Exhibition opened July 2023 and closed 25[th] February 2024, with approximately two months of venue closure during this period. Total visitors: 12,241. Deinstalled 29[th] February 2024.
-
Assisted with the ‘Echoes of Depth’ exhibition at Watts Gallery – Artists Village, Compton, Surrey. It included the work of four local artists inspired by BMAS images in the ‘VVR’ exhibition, and included 47 modern stereoscopic images. Assistance included installation, loan of stereoscopic viewers, help with curating the exhibition, and deinstallation.
-
-
Events:
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Organised the 3rd ‘International Stereoscopy Day’ which included online talks, a dedicated website, people getting involved on social media and in-person events worldwide.
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Stereoscopic 3-D presentations and projections for the education on the history of stereoscopy given by the BMAS curators, using an average of 140 digitised photographs from the collections each time:
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10 in-person (UK & abroad)
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3 online (International)
-
-
Workshops using the BMAS handling collection, to educate the public on the history of stereoscopy: 7 in total for different groups, including Tennessee University students and tutors, Hexham Photographic Society, the National Doll Club, the Royal Holloway Photography Society and the general public
-
-
Advocacy and Advice:
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Collaborated with 18 institutions from across the world, including planning and helping with events, such as the preparation and display of stereoscopic images, provision of scans, providing a timeline on the history of stereoscopy, digitising negatives, providing technical information relating to the display, preservation and taking of stereoscopic images. Institutions included the Courtauld Institute of Art, the University of Oxford, the Bodleian Library, Gloucester Museum, FBS Foundation, CLEM Patrimonies, Lusofona University, the National University of Singapore, King’s College London, the Victoria and Albert Museum, and Center des Monuments Nationaux.
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Received 22 email enquiries from institutions and academic researchers, 19 were collection-related and 3 were for technical advice.
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Received 19 email enquiries from the general public, 9 were collection-related and 10 were for technical advice.
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36 posts shared on Instagram, using 35 images from the BMAS collections. 14 posts were educational, 22 posts were advertising events and publications which used images from the collections. BMAS social media accounts opened on Facebook and X to enable crossposting across platforms.
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Provision of 78 scanned images from the BMAS collections for commercial purposes and charges submitted accordingly.
-
-
Staff training:
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Attended XRchiving, London – a multidisciplinary conference on heritage and locationsbased immersive technology.
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Attended an educational day on digitising collections at the Victoria and Albert Museum.
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One curator began their dissertation in MLitt Archives and Records Management.
-
-
Publications using BMAS images:
- The Hidden Depths of Elizabeth Higgins (1828-1899) Early Lincolnshire Stereo Photographer by Rebecca Sharpe, in the National Stereoscopic Association’s
Page 3
THE BRIAN MAY ARCHIVE OF STEREOSCOPY
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES’ REPORT
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magazine Stereo World , Jan/Feb 2024, Vol. 49, No. 4. Two images from the collections used.
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Stereotech, an online universal catalogue of stereoscopic images, hosted by CLEM Patrimoine, Bordeaux, France, with 170 scans of Francis Frith cards from the BMAS collections, with catalogue information. Live 19[th] March 2024.
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Early Stereo Daguerreotypes and Lithographs Published by Jules Duboscq by Denis Pellerin, Stereoscopy Blog, 21[st] June 2024. Five images from the collections used.
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‘On the Technical Aspects of 19[th] Century and Early 20[th] Century Astronomical Stereoscopic Photography’ by David Galadi-Enriquez and Carmen Perez Gonzalez, International Journal of Stereo and Immersive Media , Vol. 8, No. 1, p77-101. One image from the collections used.
FINANCIAL REVIEW
During the year, donations of £342,000 (2023: £190,000) were received and applied for the management of the charity and to acquire stereoscopic images and equipment. There was a surplus for the year of £166,880 (2023 surplus: £5,837).
During the year the charity acquired stereoscopic images and equipment totalling £149,712 (2023: £9,161) which have been capitalised as heritage assets and will be preserved and maintained by the charity.
The charity’s reserves, being unrestricted funds not represented by fixed assets, at the balance sheet date were a surplus of £12,487 (2023 deficit: £4,891). The Trustees are satisfied, whilst the reserves are currently in deficit, ongoing donations are expected which in turn ensure funds held are adequate to fulfil its obligations from time to time.
PLANS FOR FUTURE PERIODS
The trustees will continue to identify stereoscopic material which it can preserve and where necessary acquire and preserve.
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 4
THE BRIAN MAY ARCHIVE OF STEREOSCOPY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES. REPORT APPOINTMENT OF AN INDEPENDENT EXAMINER During the year under review the charity fell below the audit threshold and the trustees retained Geoffrey Frost of Blue Spire Limited as independènt èxaminer. Geoffrey Frost has expressed his willingness to continue as examiner to the ¢h8rity provided the charty remains below ihe audit thShd. Approved by the trustees and signed on their behaK. Trustee Date 31 October 2025 Page S
THE BRIAN MAY ARCHIVE OF STEREOSCOPY
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
INDEPENDENT EXAMINER’S REPORT
Independent Examiner's Report to the Trustees of The Brian May Archive of Stereoscopy
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024 which are set out on pages 7 to 15.
Responsibilities and basis of report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Geoffrey Frost BSc(Hons) FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY
Date 31 October 2025
Page 6
THE BRIAN MAY ARCHIVE OF STEREOSCOPY
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
STATEMENT OF FINANCIAL ACTIVITIES
| Note INCOME AND ENDOWMENTS FROM: Donations and legacies 1 Other trading activities 2 Total EXPENDITURE ON: Raising funds 3 Charitable activities 4 Total Net income Transfers between funds 13 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward 12, 13 Total funds carried forward 12, 13 |
Unrestricted Funds £ 342,000 800 342,800 450 175,470 175,920 166,880 - 166,880 1,045,443 1,212,323 |
Restricted Funds £ - - - - - - - - - - - |
2024 Total Funds £ 342,000 800 342,800 450 175,470 175,920 166,880 - 166,880 1,045,443 1,212,323 |
2023 Total Funds £ 190,000 3,000 |
|---|---|---|---|---|
| 193,000 | ||||
| 1,460 185,703 |
||||
| 187,163 | ||||
| 5,837 - |
||||
| 5,837 1,039,606 |
||||
| 1,045,443 |
None of the charity’s activities were acquired or discontinued during the above two financial years. The charity has no recognised gains or losses other than those dealt with in the statement of financial activities.
Page 7
THE BRIAN MAY ARCHIVE OF STEREOSCOPY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 BALANCE SHEET AS AT 31 DECEM8ER 2024 2024 2023 FIXED ASSErs Taryl9 fixed assets Heritagefixed assets 210 1.050,124 1.199.836 1,1g9,836 1,050,334 CURRENT ASSErs nebiors Cash ai hand and In bank 10 379 20,509 20,888 6,039 6,03 CURRENT UABILMES credi.. amounis falllng duewithln 0year 11 8,401 10,930 Net currnntags•tsllllablllaes1 12,487 14.8911 Wet aswts 1.212,323 1.045.443 THE FIJNDS OF THE CHARITY Rgsthcted funds Unrethdèd furth 12. 13 12. 13 1,212,323 1,045,443 Totsl charfty funds 1,212,323 1.045,d43 Tho a0pann9 notestom part trÈ Hnan31 ststements Approv ty the and slgn¢d on their behalf Tru$tee Dale 31 October 2025 Page 8
THE BRIAN MAY ARCHIVE OF STEREOSCOPY
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
STATEMENT OF CASH FLOWS
| Note Net cash flow from operating activities (see below) Cash flow from investing activities Purchase of tangible fixed assets Purchase of heritage fixed assets Interest received Net cash flow from investing activities Net increase in cash and cash equivalents Cash and cash equivalents at 1 January 2024 Cash and cash equivalents at 31 December 2024 Cash and cash equivalents consist of: Cash at bank and in hand Cash and cash equivalents at 31 December 2024 Reconciliation of net income to net cash flow from operating activities Net income for the year Adjusted for: Depreciation charges (Increase)/decrease in debtors Increase/(decrease) in creditors |
£ £ 164,182 - (149,712) - (149,712) 14,470 6,039 20,509 20,509 20,509 £ £ 166,880 210 (379) (2,529) (2,698) 164,182 2024 2024 |
£ £ 11,701 - (9,161) - (9,161) 2,540 3,499 6,039 6,039 6,039 £ £ 5,837 360 - 5,504 5,864 11,701 2023 2023 |
£ £ 11,701 - (9,161) - (9,161) 2,540 3,499 6,039 6,039 6,039 £ £ 5,837 360 - 5,504 5,864 11,701 2023 2023 |
|---|---|---|---|
| 11,701 |
Page 9
THE BRIAN MAY ARCHIVE OF STEREOSCOPY
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES
General information, scope and basis of the financial statements
The Brian May Archive of Stereoscopy is an charitable incorporated organisation. The address of the principal office is given in the reference and administrative details section and the nature of the charity’s operations and principal activities are given in the trustees' report.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Incoming resources
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
For donations to be recognised the Charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the Charity and it is probable that they will be fulfilled.
Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following expenditure headings:
● Charitable activities; these include costs of administering the charity and governance costs.
Governance costs are those incurred in the governance of the charity and primarily associated with the constitution and statutory requirements.
Employee benefits
When employees have rendered service to the Charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
Contributions are made to the employee's personal pension arrangements. The pension costs charged to the statement of financial activities are the contributions payable to the scheme in respect of the accounting period.
VAT
The charity is not registered for VAT and is unable to recover VAT incurred. On this basis costs are recorded inclusive of VAT within the Statement of Financial Activities.
Taxation
The charity is considered to pass the tests set out in sections 521 to 536 Income Tax Act 2007 (ITA 2007), as such no income tax is payable on the charity's activities.
Tangible fixed Assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Office equipment 20% straight line
Page 10
THE BRIAN MAY ARCHIVE OF STEREOSCOPY
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES
Heritage fixed assets
Heritage assets are recognised on the balance sheet and initially measured at cost when purchased or if donated, their valuation. Assets are subsequently stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Fair values for donated assets are estimated by reference to market prices, where available, or insurance valuation.
No depreciation is provided on heritage fixed assets as they have indefinite lives and any depreciation would be immaterial. Assets are reviewed for impairment annually.
Acquisitions only arise when donated to the Charity or if it is believed that they will further the Charity’s objectives. Once acquired they will be preserved by the Charity in order to keep their historical, artistic, scientific, technological, geophysical or environmental qualities to such a high level as to contribute to knowledge and culture. A register of all assets held by the Charity is available and the assets themselves are accessible to the public with prior agreement. Heritage assets are to be held for the foreseeable future.
Debtors receivable and creditors payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
Cash and cash equivalents
Cash and cash equivalents includes cash at bank and in hand.
Foreign currency
Monetary assets and liabilities denominated in foreign currencies are translated into Pounds Sterling at rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Pounds Sterling at the rate ruling on the date of the transaction. Exchange gains and losses are recognised in the Statement of Financial Activities.
Fund accounting
Unrestricted general funds are incoming resources receivable or generated for use in furtherance of the general objects of the charity without restriction.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in note 10 of these financial statements.
Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
Page 11
THE BRIAN MAY ARCHIVE OF STEREOSCOPY
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE FINANCIAL STATEMENTS
1. Donations and legacies
| Donations 2. Other trading activities Sale of digital stereoscopy prints 3. Raising funds Cost of sale of digital stereoscopy prints |
Income Funds £ 342,000 342,000 Income Funds £ 800 800 Income Funds £ 450 450 |
Restricted Funds £ - - Restricted Funds £ - - Restricted Funds £ - - |
2024 Total Funds £ 342,000 342,000 2024 Total Funds £ 800 800 2024 Total Funds £ 450 450 |
Income Funds £ 190,000 190,000 Income Funds £ 3,000 3,000 Income Funds £ 1,460 1,460 |
Restricted Funds £ - - Restricted Funds £ - - Restricted Funds £ - - |
2023 Total Funds £ 190,000 |
|---|---|---|---|---|---|---|
| 190,000 | ||||||
| 2023 Total Funds £ 3,000 |
||||||
| 3,000 | ||||||
| 2023 Total Funds £ 1,460 |
||||||
| 1,460 |
4. Charitable activities
| Wages and salaries Repairs and maintenance Insurance Accountancy fees Legal and professional fees Office and other costs Depreciation Governance costs: Independent examiner's fees |
Unrestricted Funds £ 156,296 1,158 1,427 10,614 3,984 221 210 1,560 175,470 |
Restricted Funds £ - - - - - - - - - |
2024 Total Funds £ 156,296 1,158 1,427 10,614 3,984 221 210 1,560 175,470 |
Unrestricted Funds £ 149,683 18,458 1,456 14,183 - 3 360 1,560 185,703 |
Restricted Funds £ - - - - - - - - - |
2023 Total Funds £ 149,683 18,458 1,456 14,183 - 3 360 1,560 |
|---|---|---|---|---|---|---|
| 185,703 |
5. Independent auditor's and examiner's fees
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
| Funds | Funds | Funds | Funds | Funds | Funds | |
| £ | £ | £ | £ | £ | £ | |
| Examiner's fees - examination | 1,560 | - | 1,560 | 1,560 | - | 1,560 |
Page 12
THE BRIAN MAY ARCHIVE OF STEREOSCOPY
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE FINANCIAL STATEMENTS
6. Wages and salary cost
| 6. Wages and salary cost | ||
|---|---|---|
| Gross wages Employer's national insurance costs Pension costs Staff numbers: Average head count |
2024 Total Funds £ 139,172 12,949 4,175 156,296 £ 2024 2 |
2023 Total Funds £ 133,510 12,168 4,005 |
| 149,683 | ||
| £ 2023 2 |
One employee (2023: one employee) had emoluments above £60,000 in the year under review in the band £100,000 to £110,000 (£90,000 to £100,000).
No remuneration was paid to Trustees during the period or in the previous financial period.
Pension scheme
The Charity contributes to defined contribution personal pension schemes on behalf of its employees. The total amount of contributions charged in the year under review were £4,175 (2023: £4,005).
7. Related party transactions
No Trustees or companies where a Trustee was a director received any remuneration or expenses during the year (2023: £nil).
B H May, who is a trustee of the charity and director and shareholder of Duck Productions Limited, a company which made donations to the charity amounting to £342,000 (2023: £190,000) during the year.
8. Tangible fixed assets
| Cost At 1 January 2024 Additions Disposals At 31 December 2024 Depreciation Accumulated at 1 January 2024 Charge for the year On disposals At 31 December 2024 Net book value at 31 December 2024 Net book value at 31 December 2023 |
Office equipment £ 1,799 - - 1,799 1,589 210 - 1,799 - 210 |
Total £ 1,799 - - |
|---|---|---|
| 1,799 | ||
| 1,589 210 - |
||
| 1,799 | ||
| - | ||
| 210 |
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THE BRIAN MAY ARCHIVE OF STEREOSCOPY
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE FINANCIAL STATEMENTS
9. Heritage fixed assets
| 9. Heritage fixed assets | ||
|---|---|---|
| Historic costs and carrying amount at 1 January 2024 Additions Historic cost and carrying amount at 31 December 2024 Additions at cost are inclusive of: Other additions |
Stereoscopic images and equipment £ 1,050,124 149,712 1,199,836 149,712 149,712 |
Total £ 1,050,124 149,712 |
| 1,199,836 | ||
| 149,712 | ||
| 149,712 |
10. Debtors
| Prepayments 11. Creditors: amounts falling due within one year Accruals Other creditors |
2024 £ 379 379 2024 £ 6,276 2,125 8,401 |
2023 £ - |
|---|---|---|
| - | ||
| 2023 £ 8,805 2,125 |
||
| 10,930 |
12. Analysis of net assets between funds
| Fixed assets Current assets Current liabilities |
Unrestricted Funds £ 1,199,836 20,888 (8,401) 1,212,323 |
Restricted Funds £ - - - - |
2024 Total Funds £ 1,199,836 20,888 (8,401) 1,212,323 |
Unrestricted Funds £ 1,050,334 6,039 (10,930) 1,045,443 |
Restricted Funds £ - - - - |
2023 Total Funds £ 1,050,334 6,039 (10,930) |
|---|---|---|---|---|---|---|
| 1,045,443 |
Page 14
THE BRIAN MAY ARCHIVE OF STEREOSCOPY
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE FINANCIAL STATEMENTS
13. Net movement in funds
| 13. Net movement in funds | |||||
|---|---|---|---|---|---|
| Restricted funds Unrestricted funds Restricted funds - Wages Unrestricted funds 14. Comparative statement of financial activities |
Year ended 31 December 2024 | ||||
| Total funds brought forward £ - 1,045,443 1,045,443 |
Total Total Transfers incoming resources between resources expended funds £ £ £ - - - 342,800 (175,920) - 342,800 (175,920) - Year ended 31 December 2023 |
Total funds carried forward £ - 1,212,323 |
|||
| 1,212,323 | |||||
| Total funds brought forward £ - 1,039,606 1,039,606 |
Total incoming resources £ - 193,000 193,000 |
Total resources expended £ - (187,163) (187,163) |
Transfers between funds £ - - - |
Total funds carried forward £ - 1,045,443 |
|
| 1,045,443 | |||||
| Note INCOME AND ENDOWMENTS FROM: Donations and legacies 1 Other trading activities 2 Total EXPENDITURE ON: Raising funds 3 Charitable activities 4 Total Net income Transfers between funds 13 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward 12, 13 Total funds carried forward 12, 13 |
Unrestricted Funds £ 190,000 3,000 193,000 1,460 185,703 187,163 5,837 - 5,837 1,039,606 1,045,443 |
Restricted Funds £ - - - - - - - - - - - |
2023 Total Funds £ 190,000 3,000 |
|---|---|---|---|
| 193,000 | |||
| 1,460 185,703 |
|||
| 187,163 | |||
| 5,837 - |
|||
| 5,837 1,039,606 |
|||
| 1,045,443 |
Page 15