REAL PHOTOGRAPHY CIC

Company limited by guarantee

Company Registration Number:
10876520 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

REAL PHOTOGRAPHY CIC

Contents of the Financial Statements

for the Period Ended 31 July 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

REAL PHOTOGRAPHY CIC

Directors' report period ended 31 July 2023

The directors present their report with the financial statements of the company for the period ended 31 July 2023

Principal activities of the company

The company's principal activity during the year was to revive and refresh traditional and alternative photography, with a programme of workshops, courses, exhibitions and events, and provide high quality Darkroom facilities available 7 days a week for photographers in Bristol and beyond.



Directors

The directors shown below have held office during the whole of the period from
1 August 2022 to 31 July 2023

Ruth Jacobs
Justin Quinnell


The director shown below has held office during the period of
1 August 2022 to 23 May 2023

Mark Simmons


The director shown below has held office during the period of
1 August 2022 to 14 March 2023

Wendy Leoque


The director shown below has held office during the period of
1 August 2022 to 9 March 2023

Catherine Poole


The director shown below has held office during the period of
2 November 2022 to 31 July 2023

Anna Kalin


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
4 January 2024

And signed on behalf of the board by:
Name: Ruth Jacobs
Status: Director

REAL PHOTOGRAPHY CIC

Profit And Loss Account

for the Period Ended 31 July 2023

2023 2022


£

£
Turnover: 24,045 37,887
Cost of sales: ( 6,636 ) ( 21,135 )
Gross profit(or loss): 17,409 16,752
Administrative expenses: ( 17,409 ) ( 16,752 )
Operating profit(or loss): 0 0
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

REAL PHOTOGRAPHY CIC

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Current assets
Cash at bank and in hand: 19,314 20,814
Total current assets: 19,314 20,814
Creditors: amounts falling due within one year: 3 ( 19,314 ) ( 20,814 )
Net current assets (liabilities): 0 0
Total assets less current liabilities: 0 0
Total net assets (liabilities): 0 0
Members' funds
Profit and loss account: 0 0
Total members' funds: 0 0

The notes form part of these financial statements

REAL PHOTOGRAPHY CIC

Balance sheet statements

For the year ending 31 July 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 4 January 2024
and signed on behalf of the board by:

Name: Ruth Jacobs
Status: Director

The notes form part of these financial statements

REAL PHOTOGRAPHY CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.

REAL PHOTOGRAPHY CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

REAL PHOTOGRAPHY CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Other creditors 19,314 20,814
Total 19,314 20,814

COMMUNITY INTEREST ANNUAL REPORT

REAL PHOTOGRAPHY CIC

Company Number: 10876520 (England and Wales)

Year Ending: 31 July 2023

Company activities and impact

The Community Darkrooms were well-used by Darkroom Members throughout the year. We held Darkroom Inductions every month with small groups plus workshops in traditional black and white photography, evening courses open to the public and a Sustainable Photography Summer School in June / July 2023 for the first time, which proved popular. Through 2022 and 2023, we invited volunteers to regular free training workshops in darkroom processes and techniques, funded through our Community Pot. We supervised our first Artist’s Residency with a visiting student from France who was experimenting with cyanotype printing on fabric, and supported her to hold an exhibition and cyanotype printing workshop open to the public.In October 2023, we held an Eclipse Experiment Day funded by the Institute of Physics to bring people together to experience the partial eclipse of the sun in a safe way and conduct activities associated with light and the solar system. We published a comprehensive online learning resource for schools which is still available on our web site.

Consultation with stakeholders

We have worked closely with St Pauls Learning Centre management (The Ethical Property Company) where the Darkrooms are based, and we presented our Business Plan to their management team in Feb 2023 and renewed our lease on the Darkrooms for another 5 years. The rent increased by 50% and is due to increase again in 2024.We collaborated with local community-based organisations to implement 12 free community photography workshops followed by hot lunch at the cosy Darkrooms for people experiencing the cost of living crisis throughout the winter of 2023, in our Winter Warmer Photography Project. This was funded by Bristol City Council via Quartet through the Social Action Small Grants programme.We continue to ask all course and project participants to complete evaluation forms to give feedback on our activities to assist Directors in planning for future events, courses and workshops, ensuring we deliver what people want.We worked closely with a team of trained volunteers who are becoming more active in the delivery of projects and workshops, and have a say in how we run our programmes and manage the Darkrooms.

Directors' remuneration

Directors’ Remuneration totalled £18,235.00This was for teaching on courses, workshops and projects carried out by Directors, eg. supporting Darkroom users, running Darkroom Inductions, and carrying out Darkroom maintenance and management. Directors were also paid for work on funded projects which included consultations, publicity, admin, planning and leading photographic workshops and other events, evaluation and mounting exhibitions.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
5 January 2024

And signed on behalf of the board by:
Name: R Jacobs
Status: Director