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|Contents|||Page|
|---|---|---|---|
|Members ofthe Board and Professional|Advisers|||
|Trustees'
Annual
Report||||
|Independent
Examiner's
Report to the Trustees||||
|Statement of Financial Activities (incorporating||the||
|income and expenditure
account)|||10|
|Balance Sheet||||
|Statement of Cash Flows|||12|
|Notes to the Financial Statements||||
|The following
page does not form part ofthe financial statements||||
|Detailed Statement of Financial Activities|||17|
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|Registered||Charity Name|Charity Name|The Photographic|Angle|Angle|
|---|---|---|---|---|---|---|
|Charity Number||||1135750(England|and|Wales)|
|Company|Registration||Number|07063537|||
|Registered||Office||5 and 6 Fairfax Place|||
|||||Dartmouth|||
|||||Devon|||
|||||TQ6 9AD|||
|Trustees/Directors||||Mr A Carter|||
|||||Mr A May|||
|||||MrSTaylor|||
|||||DrJ D Walker (resigned 26 February 2020)|||
|||||Mr N Millard (deceased||19April 2021)|
|||||Mrs BM Johnston|||
|Chief Executive and|||||||
|Company|Secretary|||Ms C John|||
|Independent||Examiner||Martin Hobbs BScACA|||
|||||Francis Clark LLP|||
|||||Chartered
Accountants|||
|||||Sigma House|||
|||||Oak View Close|||
|||||Edginswell
Park|||
|||||Torquay|||
|||||TQ2 7FF|||
|Bankers||||National
Westminster||Bank PLC|
|||||91 Fore Street|||
|||||Kingsbridge|||
|||||Devon|||
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|||||General|General|
|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted|
|||||Funds|Funds|
||||Note|2020|2019f|
|Income from:||||||
|Charitable
activities||||423,656|404,434|
|Donations||||50,000|100,145|
|Other income —CJRS grants||||51,255||
|Total income||||524,911|504,579|
|Expenditure
on:||||||
|Charitable
activities|||2|320,648|472,250|
|Total expenditure||||320,648|472,250|
|Net income I (expenditure)|and net movement|in funds||204,263|32,329|
|Reconciliation
ofFunds||||||
|Funds brought
forward||||27.231|(5,098)|
|Funds Canted Forward||||231,494|27,231|
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|30November 2|0|20||||
|---|---|---|---|---|---|
||||Note|2020
6|2019f|
|Fixed Assets||||||
|Tangible assets||||713|612|
|Current Assets||||||
|Debtors||||31,302|47,599|
|Cash at bank and|in|hand||270,571|53,453|
|||||301,873|101,052|
|Liabilities||||||
|Creditors
falling due||within one year||(71,092)|(74,433)|
|Net Current Assets||(Liabilities)||230,781|26,619|
|Net Assets (Liabilities)||||231,494|27,231|
|General unrestricted||funds||231,494|27,231|
|Total Funds||||231,494|27,231|
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|The Photographic
Angle
Cash Flow Statement
Year Ended 30 November
2020||||||
|---|---|---|---|---|---|
||||Note|2020|2019f|
|Cash flows from operating
activities:||||||
|Net cash provided
by (used in) operating|activities||10|217,837|10,633|
|Cash flows from investing
activities:||||||
|Purchase af plant and equipment||||(719)|(694)|
|Net cash provided
by (used in) investing|activities|||(719)|(694)|
|Change
in cash 8 cash equivalents
in the year||||217,118|10,139|
|Cash and cash equivalents
at the beginning||ofthe year||53,453|43,314|
|Cash and cash equivalents
at the end of|the|year||270,571|53,453|
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|2.|Expenditure||||||
|---|---|---|---|---|---|---|
||||||2020|2019|
||Charitable|activities:|||||
||Exhibition costs||||66,245|186,719|
||Staff costs||||127,666|161,942|
||Establishment||costs||81,324|95,583|
||Other costs||||16,685|21,196|
||Governance||costs: accountancy|fees and bad debts|28,728|6,810|
||||||320,648|472,250|
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|This is stated after charg|ing:||||
|---|---|---|---|---|
||||2020|2019|
|||||F|
|Depreciation|||618|513|
|Operating
lease rentals|||17,721|19,836|
|Staff Costs and Emoluments|||||
|Total staff costs were|as follows:||||
||||2020|2019|
|Wages and salaries
Social security costs
Pension costs|||118,288
6,299
3,079|144,428
14,005
3,509|
||||127,666|161,942|
|Particulars
ofemployees:|||||
|The average
number of|employees|during the year was as follows:|2020|2019|
||||No|No|
|Number ofadministrative|staff|||3|
|Number of management|staff|||2|
|||||5|
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|Tangible Fixed A|sse|ts||||
|---|---|---|---|---|---|
||||||Equipment|
||||||6|
|Cost||||||
|At 1 December 2019|||||59,209|
|Additions|||||719|
|Disposals|||||(500)|
|At 30November|2020||||59,428|
|Depreciation||||||
|At 1 December 2019|||||58,597|
|Charge for the year|||||618|
|Eliminated
on disposal|||||(500)|
|At 30November|2020||||58,715|
|Net cook Value||||||
|At 30November|2020||||713|
|At 30November|2019||||612|
|Debtors||||||
|||||2020|2019f|
|Trade debtors||||19,642|42,656|
|Other debtors||||8,976|2,315|
|Prepayments||||2,684|2,626|
|||||31,302|47,599|
|Creditors:
Amounts||falling due within one year||||
|||||2020|2019|
|||||6|6|
|Trade creditors||||36,479|36,263|
|PAVE and social|security|||2,497|3,030|
|Other creditors||||3.312|1,388|
|Accruals and deferred|||income|28,804|33,752|
|||||71,092|74,433|
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|10.|Reconciliation
ofnet income to|Reconciliation
ofnet income to|net cash flow from operating|activities|||
|---|---|---|---|---|---|---|
||||||2020|2019|
||||||6||
||Net income
Depreciation|for the year
charges|||204,263
618|32,329
513|
||Decrease (increase)
in debtors||||16,297|(17,703)|
||(Decrease)|in creditors|||(3,341)|(4,306)|
||Net cash provided
by operating||activities||217,837|10,922|
|11.|Analysis of|cash and cash eguivalents|||||
||||||2020|2019|
||||||6|F|
||Cash at bank and in hand||||2?0,571|53,453|
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|||||2020|2019|
|---|---|---|---|---|---|
|||||8||
|Income||||||
|Income from|charitable|activities||423,656|404,434|
|Donations||||50,000|100,145|
|CJRS income||||51,255||
|||||524,911|504,579|
|Expenditure||||||
|Exhibition costs||||66,245|186,719|
|Staff costs:||||||
|Wages and salaries||||118,288|144,428|
|Employer's
NIC||||6,299|14,005|
|Staff pension||||3,079|3,509|
|||||127,666|161,942|
|Establishment|costs:|||||
|Rent||||17,721|19,836|
|Light and heat||||1,876|1,759|
|Repairs and maintenance||||2,833|4,414|
|Business rates||||54,690|65,459|
|Insurance||||4,204|4,115|
|||||81,324|95,583|
|Other costs:||||||
|Professional|- legal and|consultancy|fees|205|405|
|Office expenses - telephone||||3,754|3,957|
|Depreciation||||618|513|
|Advertising||||131|166|
|Travel and subsistence||||108|1,555|
|Charitable
expenditure||||3,666|3,666|
|Miscellaneous|expenses|||3,468|3,194|
|Office costs||||582|1,845|
|Printing
and stationery||||924|2,677|
|Internet costs||||3,229|3,218|
|||||16,685|21,196|
|Governance|costs:|||||
|Accountancy|fees|||8,376|6,810|
|Bad debts written off||||20,352||
|||||28,728|6,810|
|Total Expenditure||||320,648|472,250|
|Net Income|for the Year|||204,263|32,329|