## ## |Ended|30 November
2021||||| |---|---|---|---|---|---| |Contents|||||Page| |Members|of the Board and Professional||Advisers||| |Trustees'|Annual
Report||||| |Independent
Examiner's
Report to the|||Trustees||| |Statement|ofFinancial Activities|(incorporating||the|| |income and expenditure
account)|||||| |Balance Sheet|||||| ||||||10| |Statement|ofCash Flows||||| |Notes to|the Financial Statements||||| |The following
page does not form part ofthe financial statements|||||| |Detailed|Statement
of Financial|Activities|||| ## |Registered|Charity|Charity|Name|Name|Ths Photographic|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|||| ||||||Mr STaylor|||| ||||||Mr N Millard (deceased||19April 2021)|| ||||||Mrs BM Johnston|||| ||||||Mr A M Knowles|(appointed||1 September 2021)| |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|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Year Ended|30Novembe|r
2021||||| |---|---|---|---|---|---|---| ||||||General|General| ||||||Unrestricted|Unrestricted| ||||||Funds|Funds| ||||||2021|2020| |||||Note|8|5| |Income from:
Charitable
activities|||||331,078|423,656| |Dcnations||||||50,000| |Other income|—CJRSgrants||||4a,aaa|51,255| |Total Income|||||380,074|524,911| |Expenditure
on:
Charitable
activities||||2|301,145|320,646| |Total expenditure|||||301,145|320,646| |Net Income I|(expenditure)|and net movement|In funds||78,929|204,263| |Reconciliation
of Funds||||||| |Funds brought|forward||||231,494|27,231| |Funds Carried Forward|||||310,423|231,494| ## ## ## |30 November
202|1|||| |---|---|---|---|---| ||||2021|2020| |||Note|6|| |Fixed Assets
Tangible assets|||776|713| |Current Assets
Debtors
Cash at bank and in|hand||6,845
349,027|31,302
270,571| ||||355,872|301,873| |Liabilities
Creditors
falling due|within one year||(46,225)|(71,092)| |Net Current Assets|(Liabilities)||309,647|230,781| |Net Assets (Liabilities)|||310,423|231,494| |General
unrestricted|funds||310,423|231,494| |Total Funds|||310,423|231,494| ## |Year Ended 30 Novembe|r
2021|||| |---|---|---|---|---| |||Note|2021|2020f| |Cash flows from operating
Net cash provided
by (used|activities:
In) operating
activities|10|79,256|217,837| |Cash flows from investing
activities:
Purchase of plant and equipment|||(800)|(719)| |Net cash provided
by (used|in) investing
activities||(800)|(719)| |Change
in cash 8,cash equivalents
in the year
Cash and cash equivalents
at the beginning
ofthe year|||78,456
270,571|217,118
53,453| |Cash and cash equivalents|at the end ofthe year||349,027|270,571| ## ## ## ## ## ## ## ## ## ## |Expenditure||2021
6|2020f| |---|---|---|---| |Charitable
activities:|||| |Exhibition costs
Staff costs
Establishment
costs
Other costs
Governance
costs: accountancy|fees and bad debts|78,970
132,521
81,999
18,049
(10,394)|66,245
127,666
81,324
16,685
28,728| |||301,145|320,648| ## ## |Net income and movement
in fun|Net income and movement
in fun|Net income and movement
in fun|ds||| |---|---|---|---|---|---| |This isstated after charging:||||2021|2020| |||||8|| |Depreciation
Operating
lease rentals||||737
21,431|618
17,721| |Staff Costs and Emoluments|||||| |Total staff costs were|as|follows:||2021|2020| |||||8|| |Wages and salaries
Social security costs
Pension costs||||123,911
6,430
2,180|118,288
6,299
3,079| |||||132,521|127,666| |Particulars
ofemployees:
The average number ofemployees|||during the year was as follows:|2021|2020| |||||No|No| |Number
ofadministrative
Number of management|staff
staff|||3
2|3
2| |||||5|5| ## ## ## ## |6.|Tangible Fixed A|ssets|||| |---|---|---|---|---|---| ||||||Equipment| ||Cost
At 1 December 2020
Additions||||59,428
800| ||Disposals||||| ||At 30 November|2021|||60,228| ||Depreciation
At 1 December 2020
Charge for the year||||58,715
737| ||Eliminated
on disposal||||| ||At 30 November|2021|||59,452| ||Net Book Valve
At 30November|2021|||776| ||At 30November|2020|||713| |7.|Debtors||||| |||||2021
5|2020f| ||Trade debtors
Other debtors
Prepayments|||2,362
4,483|19,642
8,976
2,884| |||||6,845|31,302| |8.|Creditors: Amounts
falling due within one year||||| |||||2021|2020| |||||6|5| ||Trade creditors
PAYE and social security
Other creditors
Accruals and deferred
income|||11,422
2,007
3,120
29,676|36,479
2,497
3,312
28,804| |||||46,225|71,092| ## ## ## ## ## |10.|Reconciliation
ofnst income to|net cash flow from operatin|g
activities|| |---|---|---|---|---| ||||2021|2020| ||||8|6| ||Net income for the year
Depreciation
charges
Decrease (increase)
in debtors||78,929
737
24,457|204,263
616
16,297| ||(Decrease) in creditors||(24,887)|(3,341)| ||Net cash provided
by operating|activities|79,256|217,837| |11.|Analysis ofcash and cash equivalents|||| ||||2021
6|2020f| ||Cash at bank and in hand||349,027|270,671| ## ## ## |||||2021|2020| |---|---|---|---|---|---| |tncome|||||| |Income from charitable||activities||331,078|423,656| |Donations|||||50,000| |CJRS income||||48,996|51,255| |||||380,074|524,911| |Expenditure|||||| |Exhibition costs||||78,970|66,245| |Staff costs:|||||| |Wages and salaries||||123,911|118,288| |Employer's
NIC||||6,430|6,299| |Staff pension||||2,180|3,079| |||||132,521|127,666| |Establishment
costs:|||||| |Rent||||21,431|17,721| |Light and heat||||1,850|1,876| |Repairs and maintenance||||3,361|2,833| |Business rates||||50,985|54,690| |Insurance||||4,372|4,204| |||||81,999|81,324| |Other costs:|||||| |Professional
- legal and||consultancy|fees|603|205| |Office expenses -|telephone|||3,838|3,754| |Depreciation||||737|618| |Advertising||||80|131| |Travel and subsistence||||644|108| |Charitable
expenditure||||3,666|3,666| |Miscellaneous
expenses||||2,562|3,468| |Office costs||||150|582| |Printing
and stationery||||1,735|924| |Internet costs||||4,034|3,229| |||||18,049|16,685| |Governance costs:|||||| |Accountancy
fees||||9,342|6,376| |Bad debts written|off|||(19,736)|20,352| |||||(10,394)|28,728| |Total Expenditure||||301,145|320,648| |Net Income for the Year||||78,929|204,263|