REGISTERED COMPANY NUMBER.. 02004478 REGISTERED CHARITY NUMBER: 297259 ort of the Councll of Mana ement and Unaud Flnan¢lal Statemnts for th• Year El•d 31 March 202 Brlstol Photo ra hlc Socl
h1¢ Socle Contents of the Financlal hY nded 31 March 2025 Pago Report of the Counell of Managèmènt Independent ExamlneV$ Report Statèment ol Financial Activitie5 Balance Sh¢•t Notes lo th• Finan¢lal Statmtnt5 10 10 13 Detalled S¢at¢m¢nt of Flnan¢lal A¢tfjvltit$ 14
Brlslol Pho hlc Socie Re rt f the Covncll of Mana emenl for the Year Ended 31 March 2025 The Council of Managgment, who are both Tfustees ol the thanty and al80 dirèctors for the purposes ol the Cornp8ni8S Ad 2006, present their report with th8 financial statements of the Charity for the year ended 31 March 2025. The Counryl of Management have adopleij the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice appliGgble lo charitse5 preparing their accounts in accordance with the Financial Reporting Standard applicabl8 in the UK and Republi¢ of Ireland IFRS 1021 (effective 1 January 20191. STRUCTURE, GOVERNANCE AND MANAGEMENT REFERENCE AND ADMINISTRATIVE DETAILS R¢yl$tered Company number 02004478 Regl$tered Charlty number 297259 Registered offic• Unit 13 Montpelier Central ststion Road Montpelier 8ri$lol BS6 SEE Coun¢ll ol Management D derSOn LRPS AFIAP M de-8eger LRPS R Kay FRPS (Company Secretaryl M Martin AWPF FOPS EFIAP BPEI. FDPS P J Mccloskey FRPS APAGB N Owen G Pears DPAG EFIAP BPE2 S Field ARPS EFIAPlb AIPF AWPF BPE3' Hall J Hargreaves LRPS EFIAP DPAGB V Harrison LRPS R Snook ARPS DPAGB EFIAPIS Ichairl R Stephenson C A Sykes J Hallsworth DPAGB EPSA BPE3 LRPS P J Howell (Presidenti Company Se¢retary R Kay FRPS Ind•pondènt Examln•r Wom)ald & Partners Charted Accountants IICAEWI Btunel House 11 The Profnenade Clifton Bristol BS8 3NN Page 1
ho ¢ So¢le Re ort of the Councll of Mana ernent for the Year Ended 31 Mar h202 STRUCTURE, GOVERNANCE AND MANAGEMENT Governln9 documènt The Charity Is controlled by its gov8ming document, a Memorandum and Artic$ of Assooalion, and consts'tu¢es a limited cornpany, lirniled by guarantee, as defined by the Companies A¢t 2006. Coun¢ll of Management Thè members of the Coun1 are 91e¢led 81 the Annual General Meeting. The current members ofthe Coun¢il of Management are narned above. All rn8rnbers ofth8 Council fetire from offK8 at the Annual General meets.ng in aecordanee with th• Articl85 of Association. Risk Management The Council of Management have a duty lo identify and review the risks to which the Charity is exposed and lo ensur8 appropriate eontrols ar8 In place to provide reasonable assurance again$1 fraud an¢J error. OBJECTIVES AND AcTivlES Aims and Objectives The main objective of the Society is to advance the edUCaOn ol th8 public in the Science and art of photography. A photography ctsursè is run each year available to Members of the public.. some Members from the coursejoin the Society and progress as photographers as they benefit from the main a¢b"vities of the Souety which are Ihe arrangement of PhotraphIcleCtreS. demonslrations, competib.ons and exhibits"oTh. There a also specialist groups Including the Digital lrna9ing Group. where members are able to provide advice and support to 88ch other. As is outlined in the next $e¢tion of this report a range of practical 5e55ions have now been introduced to meetings of this group.. and the Distinctions Advice Group Whe member5 seek advice, and conslructNe critique on their photO9raphic work from colleagues. This range of activitEs enables rnembers to continuously improve their photography. as well as gaining distinctons antj awards. The Beyond the Wall group has also conts.nued in 2024.5. This year physical meetings at the Clubhouse continued for thos8 who wish lo attend, ¥Mth online'zoom. participation a continuing option for those who wish to Use It. The U58 of th8'Zoom 'platfom has enabled the Souety to widen acces5 for members and potenbal member5 as wdl as enabling members to participate In m88tings even if they are unable to attend at the Clubhouse for ill-heatth or other reasons. Resutts lor the year are contained In the Statement of Financlal Acb'vities. The Society does not make grants. The Society is run by volunteers who. other than the Secretsry. are not entitled to remuneration and only expenses are clatmed., 8tthough the Secretsry can receive mUneratIOn. no payments were made in the year. ACHIEVEMENT AND PERFORMANCE The rnernbership curr8ntty stands at 141. The Sctiety's weekty meetings have continued to be successful and diverse in their content. The Society continues to attract pSenter9 frotn the United Kingdom as well from other countries such as Namibia and the USA. both via 'Zoom' and in person. The programrne for 202415 was very varied with diffenI gen$ being addressed. There have been heatthy entries for the Society'5 Projected Digital Image IPDII and Print competitions for members this year. It has bn grattying to see more new m8mbers entering at Club level. with some prornisingly accomplished ima9es. Several Club and Intermediate entrants should be moving up a level next season. The Soclety has trialed a new sofva systern to manage digi181 competition entries and wll start using it in September. Members continue lo do well in UK and Inlemalional Salons. with acceptances. med81s and other awards. It is often bolh th& confidence and the improving photographic standard of their work, gained through the experience of th8 Society's competitions. that have been the foundation for this success. Page 2
Brlstol Photo R• ort of the Council of Mana ement for th• Year End•d 31 Marrh 2025 The Society'5 charitable work continues wth two Sabn5, the Photography Course and hosting the weekly meets'ng5 of The Photographers with Disabilities IPWDI 9roup la separate registered ¢haTrtyl until this Charity was formerly dis501ved at the end of 2024. However, despite the dissolution of this ¢harity the weekly sessions with some members of the charity have conlinued under the au5pice5 of the Society- A number of forrner rnembers of PWD have also joined the Society. In addition. the Society has supported the wider disabled Community through hosting the twice-y8aHy distinelions assessments for the Disabkd Photographers Society lanother separate registered charity) with sev8ral Society membefs serving on the assessment panels too. The Society's Photography Course participant numb8rs were 15 this year, lower than last year1191. There is increased competition in the photography course market. both locally and nationally. Over Ihe last year an In¢asIng number of UK and International professional photographers have begun to offer on-line COue$ as a way ol Increasing their business. The Soaety will be In¢aSing its own marketing to ensure the is wider awareness of thè Society's Photography Course and Ihe benefits of the Society. Atthough the course numbers were disappointingty lower than the previous year, course participants produced work of a high standard. A number have joine(I the Society and a. as pointed out earfier, already contributin9 to the Souety's competrtions. The content of the coutse has been reviewed and llext year will in¢lude fv¥o new gen$. as well as a new course leader and three new lecturers. Th8 monthly Digital Imaging Group continued to meet in the clubroom and online using the Zoom pbrfom. Whilst these meetin9$ enable members to Present their work and gain feedback in an Infomial atmosphere the fo¢us in th8 last year has moved towards rn0 poctical eveninos and greater support for leaming and feedback. Members are en¢ouraged to demonstrate any new techniqLtes they have been experimenting with. Meetings of the Group also provides an opportunity for new members ¢0 Sha their work in a more infomial environment. The Beyond the Wall 9roup had a quiet year, but plans are already taking shape for xt yèar's programme. Use of th8 siudio facilities ha5 continued with a number of group sessions and the hiring of the studio fariliti8s by in¢Jividual member8. Members of the Society have Continued to obtain a number of Photographic distinctions numbèr. Mèmbers now have 8 total of 118 distinctions. These indude.. MFIAP AIPF EFIAP 26 AWPF AFIAP ABPE FRPS BPE ARPS 17 MPSA LRPS 16 EPSA APAGB PPSA MPAGB BPSA DPAGB 12 SPSA CPAGB ASPS FIPF ADPS The 79th 8ri5tol Inlemational Salon continued to support th8 print medium offering th8 same thr80 print and three digital clas8e5 that were offered in the previous three years. The So¢iety ¢ontinyes to believe that the print aspect of photography musl be Supported and en¢ouraged. The entry this year was disappointyng showing a de¢ase from th8 previous year. Entrants and entries fell by approximately 25Ytr. Despite the reductions there were still 480 entrants from a¢ros$ the worfd. and changes made to our organisalion and running tsf the Salon reduced overall cost to the Society. This enabled the Society to rnaintsin the status quo on the balance sheet. The audio-visu81 presentation ol accepted images was shown al Bristol and a number of other venves in the South-west. once again CeiVIng excellent feedback on the Content and presenlalion. Page 3
Bristol Photo ra hlc Socl ort of the Councll of Mana ement for t Year Endod 31 March 2025 Building on the Society's experience ol running an inlemational salon lh8 Society decided lo launch a British Photographic Exhibition IBPEI. This is known as the Great Westefft Pholographic Exhibition IGWPEI. The purpose of running a Second salon is to raise the Society's profil8, provide photographers with a new opportunity to exhibit their work and generate a new revenue stream for the So¢iety. Approval was granted by the British Photograph Exhibitions and the 1st GWPE was run in October 2024. Overall. the exhibition was a succe55 with many hundreds of entries. An exhibition was put on in the club r00rn5, although attendanc8 was disappointingly knw. prepara'On$ are underway for running the 2nd GWPE in Octob8r 2025 wilh a few changes to help prony)te entry numbers and attendance at the Exhibition. The Society ha$ enjoyed a hugely successful year in external competitions, one that has attracted other talented photographers to joSn the Souety. Successes include.. The Kingswood Salver.. BPS regained the Salver havtng come first wth the best pan81. On8 of th8 Societys m8mb8rs r8cewed first place for the best Individual image. WCPF Digital Projected Irnages Cornpetition didn't match prior years achievement, coming third by a one point margin! WCPF Inter-club Prinl battle.. The Scciety slipped to second plac8, sufficnI to qualify the SletY for the PAGB national print COmpe"tIOn to be held in Novernb8r 2025. GB Cup Iproiectèd imag8sI and GB Trophy IPrintsl each have Nvo dasses, open and Thature.. GB Cup for Nature.. a dt$appointing 18th down from 8th 18St year.. GB Cup Open.. finished 11th. GB Trophy for Nature". The Socièty matched last year's result, coming 5th in a very cbse competition., GB Trophy Open." The Sooety had a fair resull, finishing 7th. A So¢ty member picke(l up the gold medal. PAG8 inier-federab.on projected images competition.. The Soci8ty conbnues to support the Westem Counties Federation IWCPFI in the print ano PDI wmpelitions. PAG8 inter elub Print chaMonShip. Th8 Society frnished 4th in Ihe play-off Plate competition. PAG8 inler club proje¢led image competition 2024. Finished 11th in Ihe play off Plate competits.on PAG8 Masters ol Prinl compeiition. Th¥5 15 the premier print competilion organised by the PAG8. Members made o huge 8ffort submitting a total of 42 images eaming the runners up p051tion for the most successful club. One sIety m8mber made it into the exclusive 60-Image exhibition. Photogfaphic Society of America IPSAI int8r-club ¢ornpetitsons.' There are three digitalty projected competitions (Nature, Cobur, Monochrornel and five prtnl se¢lions (Large and Small Mono & Cok)ur and cr88tye). Each competition comprises three rounds (November. February, Aprill, followed by an end of yearcompetitson for previously aw8rded im8ge$. For the season which concluded in June 2024 the Society finished with a ma9nifi¢ent three first and o second places in the five print cate9ories, first, second and 11th in the PDI Sections. In Ihe'end of year, Competition 2024, Society fflembers picked up multiple awards in the prints and digitsl secb"on5. The Society was then moved up a divisK)n in all categories ex¢epl Natu PDIS as the Society was already in the top diviston for thi$ genre. Only Mono - this is the only inter club battle dedicated to rnonochrome prints. In Ihe 2024 competrtion. the Society came 2n¢J abng with the best Over81 image. Rhondda POI b8tt18 - similar to the above. this is for open digitally project8d imag8s. The 2024 resutt didn't quit rnatch 2023 with th8 So¢iety finishin9 4th. The Society is promoting stronger 118S to the inlernats'onal community of photographers by hostingljudging several rounds of international cornpetitns 8nd runnin9 its international Sabn. The Society is exploring th8 possibility of Twinning with dub from Lodz in Poland. Following very posib.ve feedback from those aitending'The Bob Fari$ Memorial Lecture. in 2023. another spe¢4al one4ay event will be held in May 2025. Th8 event will feature lectures by Intemalna1IY renowned photographers, Stèven Lè Provost and Charlie Waite and will b8 open to Society members and the wider cornmunty of photograph8rs. 11 is proposed that the Society will host the third'Bob Fans Memorial Lecture, in the Spring of 2027. Page 4
Bristol Phot hic Socie ort of the Counci of Mana ement f r the Ye r Ended 31 Mar¢h 2025 Due to the generosty of past members, the Society is in the very privileged position of owning it5 own property in Bristol. In 2015 the Society rnoved to its present prerllises in Montpelier, Bristol. As would be normal with 8 comm8rual building which 15 n8arly 40 years old, some m8inienance works are lo be expected. wilh 2024 being no exception. In the Summer of 2024, f8irly extensive repair works were requi to be cafned out to the party wall between Units 13 and 14 whith incu[d costs to the Society of £4110. Work5 aro proposed in th8 Spring of 2025 lo remov8 the five windows to the r88r of the building which have been letting in moisture, the openings will then be bricked up. This work should alleviate any future m(x5ture ingres5 problems. Apart from gUlatOry works. such as Portable Appliance Testing IPATI, electrical in5P8Ctions for insurance purpose5 and any ehanges in the regulations apptying lo elecirical installations, fire al8rrns and ernerg8ncy lighting, it is not expected that th8re will be any major expen58s incuffed on the buiwing in the fore5ee8ble ftliure. A newsletter is sent to all mèmbers ol the Socigty every week. This 8dvi58s rnernb8rs of upcorning m88tirvJs and other Society events. The new51etter also keep5 members infOrd of.. Society photO9raphic successes, both nationally and inleTnationally', competition r8sults,' local and national federation events and any other news deemed to be of Inte$1 to memb8rs. In the Spring 2025 the 600th edition of the newsletter in its present fomiat was published. FINANCIAL REVIEW Th8 Soci8ty has various sources offunds, the principal onesbein9 members, svbscripbons, an annual photography Course, ¥0 annual photographic salons. studio and dubroom hlre and solar roof pan8b. Th8 Society hdds inve5tm8n15 (value 2025 £141.Ok, 2024 £139.7kl ¢hanges in Ihe value ofwhi¢h, from year to year, are r8quir8d to be includ8d at the loot of the Inwme and expenditu Statement. The financAal results ft)r the year show. bolorè the fèvaluth.on of tha invostsnents, that for the year end8d 31 March 2025 expenditure &xce¢dBd income by £2.9k wh8rea5 in 2024 incorne and exp8nditur8 were in balance. However, the 2024 inctsme induded approximately £3.Ok as Ihe balance of the189acy from the late Bob Fans. withoulwhich both years would have Shown defiots ol approximately £3k. The 19ck of improvemenl in net income is frustrating 85 significant steps had been taken during the year ryth th8 aim of bringing incom8 and 8XP8ndilure into ba18nce. In particular, members. subscription fees had been raised, bringing in an extra £2.6k, costs of th8 Bristol International Salon had been reduced by £2.Ok, and a national pholo9raphic exhibition had been held for the first time which generated nel income of £4.6k IGWPE- Great Western Photographic Exhibilvjnl. On the downside, entries to the Bristol Salon conb'nue to fall, being £3.2k185s thi5 year than lasl, which is 8 problem being l&ced by other clubs and societies too., and incom8 from the photography cour58 was £1.7k less than last year. which is something the Sooety is taking Steps to rectty. With regard to expenditure, a11 c05t5 were kept well under control, with th8 notable exception ol premis8s rnaini8nance costs, wh1ch at £5.4k were £4.8k greaterthan in 2024. These were essential repairs to biickwork $0 were unavoidable. To¢al income was £33.1k12024.. £32.1kl and total expenditu was £36.Ok12024.. £32.Okl. Investrnent values increased byjusl £1.3k12024' £12.9kl. This too was disappointing as the increase to 1010212025 was £8.9k, but thank5 to events in the U.S. investment values fell from £148.6k on 1010212025 10 £141.Ok by the M8rch year 8nd. l in all Ihi$ means there was a net reported deficit of Income ol £1.5k for the year compared to a net surplus in 2024 of £12.9k. The Soaety continues to be on a sound financi81 footing with total net aSS8ts I lunds of £529k12024.. £530kl. The Society's reseYve$ a held lo maintain and replace it$ assets for the long temi and to further improve its activitFes. There a funds in deficit. Page 5
rl ol Photo hic Socie ort of tho Coun¢il of Mana ement for ar Ended 31 March 2025 PLANS FOR FUTURE PERIODS The Society will continue its core curr8nt activities. induding suppoityng its vulnerable. and mot8 members to 8cce5S the eeting5 via Zoorn. or 5imilartechnologies. The Soci8ly will also continu8 to support and he* the members via the Beyond the Wall Group, the Digital Imaging Group and the Distinctions Advic8 Group, all of which have been re9ularfy run and well attended. The Society continues lo offer an excellent programme of events. and has been successful in National and International cornpetitions, and will run ihe sècond Bob Fans Memorial Lecture in May 2025, 811 of which will continue to enhance the Society's reputation and awareness in the photographic arena. In addition the Society wll continue lo run the BPE (British Photographi¢ Exhibitionsl'Great Westem Photo Exhibition. in 2025 and beyond. This will further promote 8waren8ss and interest in the Society. DECLARATION We hereby declare thal we have approveil the Report of the Coun¢il ol Manag8m8nt above. ON HALF OF THE COUNCIL: Richard Kay FRPS- Company Secretary Dale.. July 2025 Page 6
Indo ndent Exarniner's Re ort to the Councll of Mana Bristol Photo hic Socie e¥nent of Indepet)d•nl examln•rfs r¢port to tho Coun¢ll of Mana9¢ment of Brlstol Phc+tographl¢ So¢l¢ty Ilh¢ Company'l I report lo the chawty Council of Management on my examination of the accounts of the Company for the year ended 31 March 2025. R•$ponslbllltl•$ and bas1$ of r•port As the charity'5 Council of Management ol the Cornpany land also its director5 for the purpos8s of company wI you are responsible for the pr8P8ration of lh8 accounts in accordance with th8 requir8ments of th8 Companies Act 20061'lhe 2006 Acf l. HavirYJ sa115fied myseff that the accounts of the Cornpaay a not requir8d to be audited under Part 16 01 the 2006 A and are eligible for independent examination, I r8POrt in respect of my 8xarnination of your charity's accounts as Carried oul under section 145 of the Charities Acl 20111.lhe 2011 Act'l. In carrying out my examination I have followed the DIrectn$ given by the Charity Cornmission under section 145151 Ibl of Ihe 2011 Act. Ind8p8ndent examinerfs statement I have completed my examination. I confirm Ih8t no rnaiters have come to my attention in ¢onnection with the examination giving me cause to believe.. accounting r8COTds were not kept in respect of the Company as requir8d by sèction 386 of thè 2006 Act," or the account5 do not accord with thos8 records., or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement Ihat the account5 glV8 a true and fair view whrch is not a rnatter considered as part of an independtrnt ex8mination', or the account$ have not been prepared in accordance with the methods and prinCipS of the Sta18rnenl of Recommended Practi for accounting and rewrting by charities (applicable lo charities preparing their accounts In accordance wth tl* Financial Reporting Standartl applicable in the UK ar Republic of Ireland IFRS 10211. I have no concerns and have com8 across no other rnatt8r5 in connects'on with th8 examin81ion to which att&tn should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ipP Worma artners Chartered Accountsnts IICAEWI B wn81 House 11 The Promenade Clifton 8S8 3NN Date.. .2hl July 2025 Page 7
Bristol Phot hic Socie Statement of Financial A¢tl¥ltits for thè Year Et7ded 31 Mar¢h 2025 2025 unstrICted fund 2024 Total funds Notes INCOME FROM Subs¢ription5 and donation5 9,427 9,412 Sgcigty activitses 20.476 19.881 Other Iradlng activlties 2.180 2,110 Investment inrx*me 1.051 661 Total 33,134 32,064 EXPENDITURE ON Charltable actlvltles Society activities Tot•1 35.905 32.096 Net gains on investments 1,331 12.907 NET INCOMEIIEXPENDITUREI 11.4561 12.875 RECONCILIATION OF FUNDS Total fvnd$ brouoht forward 530.302 517.427 TOTAL FUNDS CARRIEO FORWARD 528.846 530.302 Th8 notes lom part of these financlal slatements Page 8
Bristol Photo hic Soci Balance Sheet 31 March 2025 2025 2024 Total fund$ Unrestricted fund Not85 FIXED ASSETS Tangible assets Investsnents 322,176 141.029 328.719 139,698 463,205 468.417 CURRENT ASSETS Prepaym8nls and accrued incom8 Cash at bank and in hand 3,742 66,198 2,499 69,940 66.572 CREDITORS Amount5 lalling due wthin one year 14.2991 14,6871 NET CURRENT ASSETS 61.885 TOTAL ASSETS LESS CURRENT LIABILITIES 528.846 530,302 NEf ASSETS 528.846 530,302 FUNDS Unrestrict8d funds 528,846 530.302 TOTAL FUNDS 528 846 530.302 The tharitable company 15 entitled to ex8mpi*)n frorn audit under Section 477 of th8 Compani8s Act 2006 lor the year ended 31 March 2025. The Council of Management have not reqUId the cornpany to obtain an 3udit of ils financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Compani8s Act 2006. The Council of Management acknowjedge their responsibilitres for lal ensunng that the charitable company keeps accounting records that comply wth Sectsons 386 and 387 of the Companie5 Act 2006 and preparing financial st8ternents which give a tru8 arid fair view of the state of aff8irs of the Society as at the end of each financial year and ol its SuU$ or defi¢il lor ea¢h financial year in a¢¢ordan¢e with the requiraments of Sedion$ 394 and 395 and which otherwise CoMY with the quIrementS of the Companies Act 2006 relating io financial staternents, so lar as applicable to the Socièty. Ibl These financial statements have been ppared in accordance with the provisions of Part 15 of the Companies Act 2006 relatin9 to charitable small companies. The financial statements were approved by the Council of Management and authorised kn Sssue on 2nd Juty 2025 and We signed on its behalf by.. GRPears-T The noles lorm part of Ihese finan¢tal siatements Page 9
Bristol Photo ra hic So ie Note$ to the Flnon¢lal Statement$ for th• Year Endod 31 Mar¢h 2025 ACCOUNTING POLICIES Ba$l$ of preparing the finanelal statemtnts Th8 financial statement5 of the charitable company, which is a public benefit entity under FRS 102, have b8en prepared in accordanee with the Charities SORP IFRS 1021'A¢counting and Reporting by Charities.. Stat8rnent of Recommended Pra¢ti¢e appli¢able lo charities preparing their a¢¢ounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectsve 1 January 20191,, Financial Reporting Standard 102'The Financial Reporting Standard 8pplicable in the UK and Republic of Ireland. and the Cotnpaniss Act 2006. The financial statements have b8en prepared under th8 historical ¢o$t ¢onv9ntion, a$ modffied by th8 T¢¥aluation OY certain assets. Income All incom8 is recogni58d in the Statement of Financial Activities once the charity has en*'tlement to the funds, it is probable that the income will be ceiVed and the amount can be meaSUd reliably. Expènditur• Liabilitie5 are recognised as 8xpenditur8 as soon 85 there is a legal orconstructive obligation committing the charity lo thal expenditLJre, it 15 probable that a transfer of economic benefits will be qUired in settlement and the amount of the obligats'on Can be measured reliably. Expenditure is accounted for tsn an accruals basis and has been da55ffied under heading5 that aggregate all cost relaled to the caiegory. Where costs rAnnot b8 directty attributed to particular headings they have been allocated lo activities on 8 basis ¢on$istenl with the use of resource5. Tan9lbl¢ fixed a$$ets Depreciation is provided at thè following 8nnu81 ratès in order to writè off each asset ovèr its èstimated useful life. Freehold property Plant and rnachinery Fixtures and fittings Fumitur8 Computer equipment 2% on cost 20% on $traight line basis 20ty/o on straight line basis written off ijuring th8 year incurr8d 20% on straight line b881S Taxatlon The charity is exempt from corptsration tax on its charitable activityds. Fund accounting Unr8Strict8d fvnds can be used tn a¢¢ordance with lh8 thantable otyectives at the discretion of th8 Council of Managemtnt. Restricted fund5 can only be used for particular restricted purposes within the object5 01 the charity. Restriction5 arise when Specified by the donor or when lunds are raised for particular restricted purposes. Further expLqn8tion of th8 nature and purpose of each fund is included in the notes to the financi81 ststements. INVESTMENT INCOME 2025 2024 Depogt a¢wunl interest 661 NET INCOMEIIEXPENDITUREI Net in¢omellexpenditurel is stsleis after chargingll¢reditin91: 2025 2024 D8preciation - ovmed assets 9.252 9,056 Page 10
Brl I Pho Notes to the Finan¢ial Statements . ¢ontFnued for thè Year Ended 31 March 2025 COUNCIL OF MANAGEMENT REMUNEIiATION AND BENEFITS There were no Irustees, remuneration or other benefits for the year ended 31 March 2025 nor for th8 y8ar 8nded 31 March 2024. Council of Managofflent oxpen$•s Reimbursement expenses were pa1 to members of the Council lor the year ended 31 March 2025 and th8 year ended 31 March 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unr8Stricted fund INCOME FROM Subscriptions and donations 9,412 Charitable actSviti•s Society activities Other trading activities lfivèslrnent Income 19,881 2,110 661 Totsl 32,064 EXPENDITURE ON Charitable activltiès Society activities 32.096 Total 32,096 Net gains on investments 12,907 NET INCOME 12,875 RECONCILIATION OF FUNDS Total funds brought fowward 517,427 TOTAL FUNOS CARRIED FORWARD 530,302 Page11
Bristol Photo ra hi¢ Soclt Notes to the Financial Statements - continued for the Year Ended 31 March 2025 TANGIBLE FIXED ASSETS Fixtu$ and frtiings Long freehd PLqnt and machinery COST Al 1 April 2024 Additions Disposals 370,601 18,012 32.188 731 24,3431 10.8521 At 31 March 2025 370.601 7.160 8.576 DEPRECIATION At 1 April 2024 Charge for year Eliminated on disposal 49.7(K) 15.145 1,035 10,8521 29,156 1,510 24.3431 At 31 M8rch 2025 55.244 6,323 NET BOOK VALUE Al 31 Marth 2025 315.357 2,253 At 31 March 2024 320,901 2.867 3,032 Computer equipment Fumiture Totals COST At 1 April 2024 Additions Disposals 3,735 6,876 1.978 2.9321 431,412 2,709 40,0981 Al 31 March 2025 1.764 5,922 394,023 DEPRECLATION At 1 April 2024 Charge for year Eliminated on di5P05al 3.735 4,957 1.163 2.9321 102.693 9.252 40.0981 At 31 March 2025 1.764 3.188 71,847 NET 800K VALUE At 31 March 2025 2,734 322,176 At 31 March 2024 1,919 328,719 INvesThiENTS Equity MARKET VALUE At 1 April 2024 Revaluations 139.698 1.331 At 31 March 2025 141.029 NET BOOK VALUE Al 31 March 2025 141,029 Al 31 Marth 2024 139.698 Investments are a portfol0 of funds and bonds. The r8tum Irom thes8 inve5tm8nts and othei income of the Society should enable it to carry out effectively ils current and future chari¢abl8 activities. Pag8 12
Brl$tol Ph Not85 to the Financial Staternent5- contlnu for the Year Ended 31 March 2025 CREDITORS: AMOUNTS FALLING DUE WH1N ONE YEAR 2025 2024 ArUed expense5 4,687 4,298 4.687 MOVEMENT IN FUNDS Net movement in funds At 31.3.25 Al 1.4.24 Unrestrl¢tsd fund$ General fund 530,302 11,4561 528,PA6 TOTAL FUNDS 530.302 528,846 Nel mov8ment in funds, inCded in th8 above are as follows.. Incoming resources Resources expended Gains and losses Movement in funds Unr¢$trl¢tod fund$ General lund 33.134 135,9211 1,331 11,4561 TOTAL FUNDS 33,135 35.9051 1,331 1,4391 10. RELATED PARTY DISCLOSURES The were no related paty transactions for the year ended 31 March 2025. 11. CAPITAL COMMITMENTS There are no malenal Capital commitments outstsnding. Pa9e 13
Brlstol Photo ra h1¢ So¢1 DÈtalled Statement of Financial Activitl•s for th• Y¢ar Ended 31 March 2025 2025 2024 INCOME Subscriptions and donations Donations Subscripbons 391 9.036 3.022 6.390 9,427 9.412 Charftable actlvities Bristol Sabn income PhotogTaphy courses Adverbsing Refreshmenls studio and room hire Other Incorne 16,029 3,211 12,452 4,925 450 350 1.760 803 570 1,610 21.420 20,740 ID¢cme from other trading actlvitl•$ Solar and other incorne 1.236 1,251 Room hire- Commercial 1,236 1.251 Investment income Deposil account interest 1.051 661 Total Incomlng r•$ources 33,134 32.064 EXPENDITURE Expendiluro on Charitab actlvltl•$ Bristol Salon of Photograptty Members. evenings etc Premises, administration. depreciation 9,169 4,596 22.156 9,403 4.201 18,492 35,921 32.096 Tot81 r850urc8s expended 35,921 32.096 Net lexpenditur*ifincome before goins and 105ses 12,7871 1321 Reallsed recognised gains and los$e$ Unrealised gain$llbs$8sI on investm8nt as5èt5 1.331 12,907 Net lexpenditure)fincorne 1,4561 12.875 Page 14