No photo but
here is a previous discussion.
The collar needs to be rotated 180 degrees around the strut so that the stops are on the fwd side of the strut. You will need to remove the split pin at the bottom of the strut and remove or loosen the big nut enough so there is no pressure pushing up on the collar before you will be able to remove the bolt from the collar.
When reinstalled the big nut will have to be tightened so there is a 22 lb (from memory) sideways break-out force on the fork as measured at the wheel axle location.
You have not explained how the fairing came to be damaged but damage like this is considered to be the beginning of the nose gear digging in/flip over event. Be carefull!!
Could be an optical illusion but the tyre looks a bit flat and this would decrease the fairing/ground clearance especially as the tyre will compress more if it hits a bump.
Fin
9A