Docusign Envelope ID.. AD51542&D2044ADN9CtB3F4EA334OF6 IMPRESSIONS GALLERY OF PHOTOGRAPHY LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Company Registration No. 01161029 (England and Wales) Charity Registration No. 503238
Docusign Envelope ID.. AD51542&D2044ADN9CtB3F4EA334OF6 IMPRESSIONS GALLERY OF PHOTOGRAPHY LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Julian Rodriguez Emma Cheshire Sophie Gerrard Kevin Docherty Usmaan Ashard Secretary Anne M¢Neill Charity number 503238 Company number 01161029 Principal address Centenary Square Bradford BD11SD Registered office Impressions Gallery Centenary Square Bradford BD1 1SD Independent examiner Alison Whalley FCA Azets Audit Services Ltd Carlton House Grammar School Street Bradford BD14NS Bankers Virgin Money 46 Coney Street York Y019NQ
Docusign Envelope ID.. AD51542&D2044ADN9CtB3F4EA334OF6 IMPRESSIONS GALLERY OF PHOTOGRAPHY LIMITED CONTENTS Page Trustees, report Statement of Trustees, responsibilities Independent examinerfs report Statement of financial activities Balance sheet 10 Notes to the accounts 11-23
Docusign Envelope ID.. AD51542&D2044ADN9CtB3F4EA334OF6 IMPRESSIONS GALLERY OF PHOTOGRAPHY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their report and financial statements for the year ended 31 March 2025. The accounts have been prepared in accordance wth the accounting policies set out in note 1 to tFE accounts and comply with the Charity's Memorandum and Articles of Association, Ihe Companies Act 2006 and '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 {FRS 102) (effective 1 January 2019). The Legal and Administration page fom)s part of this report. Objectives and activities The Charity's objects are.. To further and advance photography as an art and to promote public knowledge, appreciation and understanding thereof., To organise and conduct public exhibitions of photographs and photographic art and apparatus- To acquire, collect and preserve for the public benefit examples of photography and photography apparatus of historic and artistic interest or importance- By means of research, instruction, infomiation advice. lectures. publications. sources of reference and otherwise to increase and to make publicly available information conceming photography and photographic art apparatus and history. This is achieved through the presentation of high quality exhibitions. to offer a selection of these to other galleries and arts organisations both nationally and intemationally, and to offer the public a range of educational events, activities and leaming opportunities. In setting our objectives and planning our activities our trustees have given serious consideration lo the Charity commission's general guidance on public benefit and in particular the advancement of education, arts and culture. and consider they comply with the duty in section 4 of the 2011 Charities Act. The Board of Trustees take reasonable steps to ensure that Impressions Gallery operates policies thi¢h ensures the following.. The Gallery is operating efficiently and effectively in accordan with the Gallery's stated purpose and objectives Gallery assets are safeguarded against unauthorised use or disposition Proper records, including financial records, are mainlained Financial information used within the charity or for publication is reliable The gallery complies with relevant laws and regulations An annual budget is approved and any variance is reported and subsequently agreed Artistic policies are approved, with key performance indicators reviewed and evaluated Delegation of authority and segregation of duties to the director and the staff team are appropriate for the size and nature of the organisation. Impressions Gallery works to its Equal Opportunity Policy. this policy is supported by our EqualityAction Plan. Impressions Gallery works to its Environmental Sustainability Policy. This policy is supported by our Environmental Action Plan. Applications for employment by disabled persons are always fiJlly considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment wthin the Charity continues and that the appropriate training is arranged. It is the policy of the Charity that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.
Docusign Envelope ID.. AD51542&D2044ADN9CtB3F4EA334OF6 IMPRESSIONS GALLERY OF PHOTOGRAPHY LIMITED TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and performance Impressions Gallery is a charity that helps people understsnd the world through photography and acts as an agent for change. We believe photography is for all and our mission is to get people looking, thinking, and talking about photography. We do this by collaborating with photographers, charities, cultural and community organisations, locally and nationally to commissions. exhibit and publish photography. We work in partnership to present the best of contemporary photography to wide and culturally diverse audiences and participants. Our artistic, leaming & engagement, audience development. community and events programmes are devised to help people see things differenlly, and empower them to reach their potential through photography. stage our activities because we believe photography is for everyone and should be open to all. The charity had another SUCssful year attracting 27,338 visitors into the gallery, and reaching more than one million people through our outdoor, digital and national touring programmes. We played a key role in the official launch of Bradford 2025 UK Cty of Culture on Friday 10 January. As the host venue we welcomed 620 dignitaries, artists, community and business leaders, politicians, and Bradford residents to this gala opening. We are proud that the first cultural and artistic project unveiled for the UK City of Culture was the international premier of Nationhood.- Memory and Hope an Impression Gallery touring exhibition. We presented four exhibitions in our main gallery space. foregrounding themes of cultural identity, race, dass, youth cultures, and politics. The year started with We Are Here, Because You Were There a collaborative project by photographer Andy Barnham and Universily of York researcher Dr Sara de Jong highlighting Afghan interpreters resettling in the UK., through portraiture and text. "A very powerful exhibtiion. EXlIent example orthe use of art andphotography to highlight injustice" Our summer exhibition Performing Histories /Histoiies Reimagined offered an insight, by eight intemational artists engaged with archives to re-address the past and bring to the fore histories that have been overlooked. Presented in partnership with Peckham 24 (an annual, not-for-profit contemporary photograph festival) this successful new collaboration had reciprocal benefits for both North of England and London audiences. "You 811 breathe new life into the dust cOVed ahNe. A fantast and heart WnChIng emotional ride. Thanks for sharing this wonderful work from you all." In autumn we turned the gallery into a reading room and showcased seven hundred zines published by Café Royal Books with work by photographers from all backgrounds, the unseen and the unpublished. The zines provide a valuable resource into cultural and social change in Britain, Ireland and beyond, charting a fascinating route through social history and cultural change. All seven hundred zines were available to browse, highlighting a variety of photographs featured within the publications. The exhibition also staged specially curated collection of both Daniel Meadows, internationally renowned 1972 Butlin's By The Sea photographs. and Syd Shelton's seminal Rock Against Racism series from the late 70s and early 80$. "What an amazing snapshot of life from such distinct times and locations by such viscerdl feeling of being human. Amazing social history, a joumey ofreminiscence and an eye-opener of ourpasy,
Docusign Envelope ID.. AD51542&D2044ADN9CtB3F4EA334OF6 IMPRESSIONS GALLERY OF PHOTOGRAPHY LIMITED TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 January saw the international premier of Nationhood." Memory and Hope, a modem-day insight into the UK'S four nations commissioned for Bradford's year as UK City of Cullure 2025. Featuring powerful and poignant photography celebrating the diversity of the UK today, the exhibition offered a wealth of insights cn how we each try and shape both our identities and communities to make the world a better place. Curated byAnne McNeill the exhibition was commissioned by Bradford 2025 UK City of Culture and Impressions Gallery, in partnership with Belfast Exposed. Ffotogallery in Cardiff. and Street Level Photoworks Glasgow. From April and throughout the whole of 2025 the exhibition travelled to Belfast Exposed, Ffotogallery in Cardiff, and Street Level Photoworks in Glasgow. It is the first ever UK City of Culture project to take place in all four nations of the UK. and an incredible opportunity for an intemational spotlight on the artistic work Impression does. New photographic portraits by Shaun Connell. Roz Dohety, Chad Alexander. Robin Chaddah-Duke. Grace Springer, Miriam Ali, and Haneen Hadiy, seven rising stars in UK photography, accompanied The Necessity ol Seeing, a major new collection of images by the acclaimed Ethiopian photographer A"I'da Muluneh. Shot at iconic locations in Bradford, Belfast, Cardiff, and Glasgow, to reveal the overlooked stories. forgotten histories and quiet moments that shape who we are. First seen on billboards around the Bradford district, in autumn 2024. the exhibition also presented A Portrait ol Us Muluneh's potent black and white photographs of unsung Community heroes from the same four Cities. "Bradford to Belfast to Cardiff to Glasgow now that's a United Kingdom I can get on board withl WIHt a wonderful, powerful exhibition. Bnning with hope as to what our shared story is, Gan and should be. Kudos to all involved." Our touring programme supported norFphotography organisations equipping them with contemporary photographic knowledge and expertise. Two of our touring exhibits'ons travelled to three different local authority venues. At the start of the year, In Which Language Do We Dam? by Rich Wiles and Ruba al-Hindawi, an exhibition that challenged stereotypical images of by amplifying the voices and viewpoints of refugees, experiences was shown at Gallery Oldham, and ended the year on display at Scarborough Museums & Galleries. Being Inbetween Carolyn Mendelsohn's powerful photographic portraits of girls exploring the complex transition between childhood and young adulthood were exhibited for four months at The Amelia. Tunbridge Wells. Archive photographs from Bringing the Beat Back to BTrdford a community curated exhibition were acquired by Bradford Live. These are on pemianent display throughout the fully refurbished art deco building for thousands of people to enjoy. This touring programme reached and engaged 28,111 visitors meaning more people had the opportunity to experience high quality photography exhibitions, while maintaining Impressions reputation as a centre of excellence beyond Yorkshire. Caring for the environment has increasingly been at the creative heart of what we strive to do. As a charity, we are committed to presenting and making photography that is more sustainable and better for the environment. Together with Photo Hub North C.l.C we produced Creative Earth Eco Fest." Making change thffjugh photography and art. The first edition of Creative Earth took place on a Saturday in August, in the grounds of Cliffe Castle, Keighley, designed to help to attendees. of all ages and backgrounds. feel confident in making small sustainable and eco-friendly changes, while having a whole lot of fun and enjoying a great day out. Just over a thousand people attended throughout the day. "Interesting and inspiting event with lots of free creative activities. Lovely to see children taknng part. I went to an inspiring talk about climate grief and moving onto climate action...lots of ideas forpositive stepsl"
Docusign Envelope ID.. AD51542&D2044ADN9CtB3F4EA334OF6 IMPRESSIONS GALLERY OF PHOTOGRAPHY LIMITED TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 New Focus is the charity's nationally acclaimed programme for 18 to 25-year-olds who live in Bradford. They are a diverse group of aspiring creative professionals, who with Impressions Gallery support gain professional skills to become the creatives and cultural leaders of the future. In July, we launched Bradford Young Curators, an 18- month programme where nine committed and talented young people. who are receiving expert and professional guidance from a cohort of mentors, induding intemational artists, award winning curators and renowned archivists, in order to develop a landmark project for Bradford 2025. People are at the heart of what we do. We created and delivered multiple opportunities that supported people, from toddlers to 80+ and from culturally diverse backgrounds to express their creativity in various ways. A wide range of 171 events and sessions took place to accompany our exhibitions, wth 5,161 children, young people and adults taking part. Look, Think, Talk, Do leaming and education programmes provided a year-round offer of workshops and reSoUrS to schools, colleges, universities and community groups. We worked with 63 from across Brlf0rd and beyond, with 1,052 students and partiapants. Our artistic and community programmes received positive press and reviews in local (Telegraph & Argus) regional (Yorkshire Post), national (such as The Guardian) media, and specialised joumals (such as Creative Review, Royal Photographic Society) both in print and online. This Coverage converts into an equivalent advertising spend of £16,705 which translates as a PR value of £50,115. In recognition of their contribution to the cultural life of the UK, Anne McNeill, Director and Sarah Hill, Deputy Director were invited to and attended the garden party at Buckingham Palace, celebrats'ng the creative industries, hosted by the King and Queen. We continue to value the year-on-year financial contribution from Arts Council England and Bradford Council. Fundraising Section 162a of the Charities Act 2011 requires charities to make a statement regarding fundraising activities. The legislation defines ndraising as 'soliciting or otherwise procuring money or other propety fcff charitable purposes,. The charity does not actively raise funds from the public either directly or via use of an agent, accordingly no such amounts are presented in the financial statements for the year under review. The charity has reiVed no complaints in relation to fundraising activty for the year under review. Given the nature of the funding of the charity the Trustees consider that it remains appropriate not to be voluntarily bound to be regulated by the Fundraising Regulator. Financial review Income for the year amounted to £481,448 (2024 £348,456) with expenditure amounting to £373,869 (2024 £377,106) resulting in a net income of £107,579 for the year (2024 £28,650 net expense). It is the policy of the Charity that unrestricted funds which have not been designated for a specffic use should be maintained at a level equivalent to three months. operating costs, equivalent to £95,000. This amount has been designated by the Trustees in order that it is ring fend. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they wll be able to continue the Charity's current activities while consideration is given to ways in which additional funds may be raised. Unrestricted, undesignated funds at the year end amounted to £163,949 (2024 £138,253). The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Structure, governance and management The Charity is a company limited by guarantee and was incorporated in England and Wales on 22 February 1974, number 01161029, and registered as a charity on 7 June 1974, number 503238. The registered address is Centenary Square. Bradford, BD11 SD. The charity is govemed by its articles of association.
Docusign Envelope ID.. AD51542&D2044ADN9CtB3F4EA334OF6 IMPRESSIONS GALLERY OF PHOTOGRAPHY LIMITED TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees. who are also the directors for the purpose of company law, and vtho served during the year and to the date of signing the accounts were= Julian Rodriguez Emma Cheshire Sophie Gerrard Kevin Dochety Sarah Evans Usmann Arshad Resigned 3 February 2025 The recruitment and appointment of new trustees is the responsibility of the existing Board of Trustees. Potential new trustees are initially interviewed by the Chaimian of the Board of Trustees and the Executive Director. The second stage of the process is to attend the next Board of Trustees meeting as an observer and to meet all of the trustees. The Board of Trustees appoint the new trustees by a simple vote. This process ensures the right mix of artistic and commercial experience appropriate to the gallery's needs are represented across the whole of the Board of Twstees. Before being appointed as a trustee they have an infomial meeting with the Chair and Executive Director. This is followed up circulating Impressions Gallery's Business Plan, strategies & policies and annual budget. They also attend a board meeting as an observer. Once elected they received an induction from both the Chair and Executive Director. Once elected as a trustee, the Executive Director manages a simple prO$S of induction for new trustees to ensure they are familiar with the staff, the gallery, the goveming documents and the artistic aims and objectives. The precise nature of the induction process varies depending upon the artistic or commercial background of the new trustee and is tailored to the needs and interests of the new trustee. None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up. During the year costs of £484 were incurred for trustees indemnity insurance {2024- £822). The charitable company is governed by a Board of Trustees. supported by specialist sul>committees with responsibility for finance and the artistic programme. The gallery is managed by an Executive Director responsible to the Board and supported by the members of staff of the Gallery. Day to day management of the charity has been delegated by the trustees to Anne McNeill, the Company Secretary and Executive Director. All staff are issued with the staff handbook that defines employees. rights and obligations whilst in employment th Impressions Gallery. It is updated as and when statutory regulations and employees, conditions of employment change. staff appraisals with the director and the relevant staff are conducted annually. This covers, arrongst others, training and development. staff meetings are held weekly.
Docusign Envelope ID.. AD51542&D2044ADN9CtB3F4EA334OF6 IMPRESSIONS GALLERY OF PHOTOGRAPHY LIMITED TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Artistic Sub Committee The purpose for which the charity is established is 'to further and advan photography as an art and to promote public knowledge, appreciation, and understanding thereof (Memorandum of Associats'on}. The artistic sub<ommittee made up of members of the Board of Trustees and programming team meet tw¢e a year to review the exhibition policy. The staff programming team meets every six YkS to plan and evaluate the exhibition and education programme. This is conducted using Partnerships for Leaming evaluation guidelines which are endorsed by Arts Council of England. Finance Sub Committee Impressions Gallery produces timely, accurate and transparent financial infomiation resulting in effective management control of expenditure. The Finance Officer produces monthly management accounts. The finance sub-committee of the Board of Trustees meets regularfy throughout the year to ensure Impressions Gallery is operating with appropriate systems and with proper accounting records which disclose with reasonable accuracy, at any time, the financial position of the charity. These records are discussed by the finance sub<ommittee and are presented at Board of Trustees meetings. This report is prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The Trustees, report was approved by the Board of Trustees. sathEd by.. 8291953BKF44txTr.. Julian Rodriguez Trustee Dated: 15 December 2025
Docusign Envelope ID.. AD51542&D2044ADN9CtB3F4EA334OF6 IMPRESSIONS GALLERY OF PHOTOGRAPHY LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees, who are also the directors of Impressions Gallery of Photography Limited for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in acrdanCe wth applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the Trustees to prepare financial statements for each financial year which gwe a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP: make judgements and estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going ¢oncem basis unless it is inappropriate to presurre that the Charity will continue in operation. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statemerts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and here for taking reasonable steps for the prevention and detection of fraud and other irregularities. Company law 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 reSoUrs, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP- make judgements and estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements.. and prepare the financial statements on the going concem basis unless it is inappropriate to presurre that the Charity will continue in operation. The Trustees are responsible for keeping adequate accounting records that disdose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statemerts comply wilh the Companies Act 2006. 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.
Docusign Envelope ID.. AD51542&D2044ADN9CtB3F4EA334OF6 IMPRESSIONS GALLERY OF PHOTOGRAPHY LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF IMPRESSIONS GALLERY OF PHOTOGRAPHY LIMITED I report to the Trustees on my examination of the financial statements of Impressions Gallery of Photography Limited (the Charity) for the year ended 31 March 2025. Responsibilities and basis of report As the Trustees of the Charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance the requirements of the Companies Act 2006. Having satisfied myself that the financial statements of the Charity are not required to be audit under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the Charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011. Independent examinerfs statement Since the Charity's gross income exceeded £250,000. the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. 1 confirm that l am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect- accounting records were not kept in respect of the Charity as required by section 386 of the Companies Act 2006. the financial statements do not accord wth those records" or the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination., or the financial slatements 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 financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). 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 financial statements to be reached. Svjned by.. B¢21165F42AD? Alison Whalley FCA Independent Examiner Azets Audit Services Ltd Carlton House Grammar School Street Bradford BD14NS 15 December 2025
Docusign Envelope ID.. AD51542&D2044ADN9CtB3F4EA334OF6 IMPRESSIONS GALLERY OF PHOTOGRAPHY LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds funds 2025 2025 Totsl Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments Other income 267,033 3,696 9,672 9.005 44.492 147,550 414,583 3,696 9,672 9,005 44.492 259,483 12,032 4,824 16,997 28,380 26,740 286,223 12,032 4,824 16,997 28,380 Total income 333.898 147,550 481.448 321.716 26,740 348,456 Expenditure on: Raising funds Charitable activities 10,402 299.995 10,402 363.467 3,417 346.949 3.417 373.689 63,472 26,740 Total expenditure 310,397 63,472 373,869 350,366 26,740 377,106 Net in¢omel(expenditure) and movement in funds 23.501 84,078 107,579 (28,650) {28,650) Reconciliation of funds: Fund balances at 1 April 2024 296,650 296.650 325,300 325.300 Fund balances at 31 March 2025 320,151 84,078 404,229 296,650 296,650 The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Docusign Envelope ID.. AD51542&D2044ADN9CtB3F4EA334OF6 IMPRESSIONS GALLERY OF PHOTOGRAPHY LIMITED BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets 16 1,202 3,397 Current assets Debtors Cash at bank and in hand 17 93,634 450,450 38,488 383,429 544.084 421,917 Creditors: amounts falling due within one year 18 (141.057) 1128.664) Net current assets 403,027 293,253 Total assets less curnt liabilities 404,229 296,650 The funds of the Charity Restricted income funds Unrestricted funds 19 20 84.078 320.151 296,650 404.229 296,650 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 th respect to accounting records and the preparation of financial ststements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordan yth the provisions applicable to companies subject to the small companies regime. The financial ststements were approved by the Trustees on 15 December 2025 8vJned by.. hlyw 829 2F44... Julian Koariguez Trustee Company registration number 01161029 {England and Wdles) 10-
Docusign Envelope ID.. AD51542&D2044ADN9CtB3F4EA334OF6 IMPRESSIONS GALLERY OF PHOTOGRAPHY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information Impressions Gallery of Photography Limrted is a private company limited by guarantee incorporated in England and Wales. The registered office is Impressions Gallery, Centenary Square, Bradford, BD1 1SD. 1.1 Accounting convention The accounts have been prepared in accordance with the Charity's Memorandum and Articles of Association, the Companies Act 2006 and "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 {FRS 102). (as amended for accounting periods commencing from 1 January 2019). The Charity is a Public Benefit Enlity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restrided funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts Can be measured reliably, and it is probable that income will be reived. Cash donations are recognised on reipt. Other donations are recognised once the Charity has been notified of the donation, unless perfomiance conditions require deferral of the amount. Income tax recoverable in relation to donations received under GiftAid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwse if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 1.5 Expenditure Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Raising funds are the costs of goods for re-sale. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It indudes both costs that can be allocated directly to such actiwties and those costs of an indirect nature neSSary to support them. 11
Docusign Envelope ID.. AD51542&D2044ADN9CtB3F4EA334OF6 IMPRESSIONS GALLERY OF PHOTOGRAPHY LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Icontinued) 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases= Fixiures and fittings CompLrters 3 years straight line 3 years straight line The gain or loss arising on the disposal of an asset is determined as the difference beeen the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets At each reporting end date, the Charity reviews the carying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impaimient loss. If any such IndatIOn exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 1.8 Cash and cash equivalents Cash and cash equivalents indude cash in hand. deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Chartys balan sheet when the Charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial statements. when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 12-
Docusign Envelope ID.. AD51542&D2044ADN9CtB3F4EA334OF6 IMPRESSIONS GALLERY OF PHOTOGRAPHY LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Icontinued) Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or ServIS that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are dere¢ognised when the Charity's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide temiination benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Critical accounting estimates and judgements In the application of the Charity's accounting policies, the Trustees are required to make judgements. estimates and assumptions aboLrt the carying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects cnly that period, or in the period of the revision and future periods where the revision affects both Current and future periods. Income from donations and legacies Unrestricted Restricted funds funds 2025 2025 Totsl Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Donations and gifts Grants Donated goods and services 9,705 240.623 9,705 388,173 2,900 221,183 3,010 23,730 5,910 244,913 147,550 16.705 16.705 35,400 35.400 267,033 147,550 414.583 259,483 26,740 286.223 13-
Docusign Envelope ID.. AD51542&D2044ADN9CtB3F4EA334OF6 IMPRESSIONS GALLERY OF PHOTOGRAPHY LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from donations and legacies Icontinued) Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Grants ACE NPO Arts and Humanities Research Council Photoworks Bradford 2025 UK City of Culture Bradford Council Paul Mellon Centre 206,003 2[,003 206,183 206,183 15,570 15,570 22,070 22,070 147,550 147.550 17,500 1,550 17,500 1,550 15,000 1,660 16,660 240,623 147,550 388,173 221,183 23,730 244,913 Donated goods and services Print and on-line press coverage for our work converted into a marketing value of £16,705 {2024 £35,400). Equivalent PR value amounts to £50.115 (2024 £106.200). Income from Charitable activities Unrestricted funds 2025 Unrestricted funds 2024 Touring Gallery workshops and events 3,696 11,440 592 3,696 12,032 14-
Docusign Envelope ID.. AD51542&D2044ADN9CtB3F4EA334OF6 IMPRESSIONS GALLERY OF PHOTOGRAPHY LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from other trading activities Unrestricted Unrestricted funds funds 2025 2024 Sales of purchased goods 9,672 4,824 Income from investments Unrestricted Unrestricted funds funds 2025 2024 Interest receivable 9,005 16,997 Other income Unrestricted Unrestricted funds funds 2025 2024 HMRC Museums Relief Refund 44,492 28,380 Expenditure on raising funds Unrestricted Unrestricted funds funds 2025 2024 Trading costs other trading activities 10,402 3,417 15-
Docusign Envelope ID.. AD51542&D2044ADN9CtB3F4EA334OF6 IMPRESSIONS GALLERY OF PHOTOGRAPHY LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable activities Charitable activities 2025 Charitable activities 2024 Direct costs Staff costs Touring and exhibition costs Marketing and audience development Marketing reiVed in kind Research 145,310 99,190 1,378 16,705 1,807 145,001 65,811 5.786 35.400 4.790 264,390 256,788 Share of support and governance costs {see note 10) Support Governan 95,283 3,794 112,889 4,012 363,467 373,689 Analysis by fund Unrestricted funds Restricted funds 299,995 63,472 346,949 26.740 363,467 373.689 10 Support costs allocated to activities 2025 2024 Staff costs Depreciation Service charges Rent and rates Insurance Telephone Computer and infomiation technology Printing, postage and stationery Bookkeeping and payroll Bank charges Travel and subsisten Sundry Taxation ServIS Governance costs 61,849 2,903 (22,000) 21.179 6.364 2.547 685 1,153 4,312 95 7,529 5,092 3,575 3,794 51,435 3,823 11,000 21,258 5.217 1.965 534 1,560 4,596 144 4,643 3,499 3,215 4,012 99,077 116,901 Analysed between: Charitable activities 99,077 116,901 16-
Docusign Envelope ID.. AD51542&D2044ADN9CtB3F4EA334OF6 IMPRESSIONS GALLERY OF PHOTOGRAPHY LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Support costs allocated to activities Icontinued) Support and govemance costs are allocated to the only charitable activity. Fees for indeminty insurance are included in the governan costs £484 (2024 £822). 11 Net movement in funds 2025 2024 The net movement in ftjnds is stated after chargingl(crediting)'. Fees payable to the charity's independent examiner. - for the independent examination of the charity's financial statements - for tax advisory seNices Depreciation of owned tangible fixed assets 3,310 3,575 2,903 3,823 12 Indepenent examiners remuneration Fees payable to the charity's independent examiners 2025 2024 Independent examinationt of the financial statements of the charity 3,310 3,190 Taxation compliance services 3,575 3,215 13 Trustees None of the Trustees (or any persons connected with them) reiVed any remuneration or benefits fr¢Jn the Charity during the year. Induded in the board administration costs are travel costs reimbursed amounting to £nil paid out, {2024 -£nil). During the year costs of £484 were incurred for indemnity Insuran for the trustees (2024- £822). 14 Taxation As a charity the company is exempt from tax on income falling within part 11 of the Corporation Tax Act 2010 and on gains falling within $256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives. No tax charges have arisen in the charty. 17-
Docusign Envelope ID.. AD51542&D2044ADN9CtB3F4EA334OF6 IMPRESSIONS GALLERY OF PHOTOGRAPHY LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Employees The average monthly number employees during the year was: 2025 Number 2024 Number Charitable activities Management and administration Total Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs 192,592 10,691 3,876 180,439 11,814 4,183 207,159 196,436 The number of employees whose annual remuneration was more than £60.000 is as follows= 2025 Number 2024 Number £60,000- £70,000 Remuneration of key management personnel The remuneration of key management personnel was as follows- 2025 2024 Aggregate compensation 111,369 99,985 18-
Docusign Envelope ID.. AD51542&D2044ADN9CtB3F4EA334OF6 IMPRESSIONS GALLERY OF PHOTOGRAPHY LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Tangible fixed assets Fixtures and fittings Computers Total Cost At 1 April 2024 Additions 23.250 708 15,869 39,119 708 At 31 March 2025 23,958 15,869 39,827 Depreciation and impainnent At 1 April 2024 Depreciation charged in the year 20,344 2,412 15,378 491 35,722 2,903 At 31 March 2025 22,756 15,869 38,625 Carrying amount At 31 March 2025 1.202 1,202 At 31 March 2024 2,906 491 3.397 17 Debtors 2025 2024 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 42,282 44,492 6,860 2,400 28,259 7,829 93.634 38.488 18 Creditors: amounts falling due within one year 2025 2024 Other taxation and social security Trade creditors Other creditors Accruals and deferred income 10,088 9,984 1,102 119,883 715 2,790 1,720 123,439 141.057 128.664 19-
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Docusign Envelope ID.. AD51542&D2044ADN9CtB3F4EA334OF6 IMPRESSIONS GALLERY OF PHOTOGRAPHY LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 23 Related party transactions Transactions with related parties There were no transactions with related parties in the cuent or prior period. -23-