This image – sourced via Madam Is All tumblr – looks like it could have been a sketch from the Monty Python crew. They always had a penchant for playing Northerners in flat caps and pulling out old fashioned frocks and wigs for their female characters. There’s more than a touch of Michael Palin as Mr Gumby in the man in the center.
I’m afraid I couldn’t find any background on it. Image searching suggests it’s from London in 2003 but nothing else. I’d guess it’s some sort of art project.