##
##
|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)|||||
|Balance Sheet||||||
|Statement ofCash Flows|||||10|
|Notes to the Financial Statements||||||
##
##
|Registered||Charity|Name|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 (resigned||24 January 2023)|
||||||Mr A May|||
||||||Mr STaylor|||
||||||Mrs B M Johnston|||
||||||Mr A M Knowlss|||
|Chief Executive snd||||||||
|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 30 Novembe|r
2022|||||
|---|---|---|---|---|---|
|||||General|General|
|||||Unrestricted|Unrestricted|
|||||Funds|Funds|
||||Note|2022f|2021
5|
|Income from:||||||
|Charitable
activities||||179,140|331,078|
|Donations||||25,293||
|Other income —CJRS grants|||||48,996|
|Total income||||204,433|380,074|
|Expenditure
on:||||||
|Charitable
activities||||228,837|301,145|
|Total expenditure||||228,837|301,145|
|Net income I(expenditure)|and net movement|in funds||(24,404)|78,929|
|Reconciliation
ofFunds||||||
|Funds brought
forward||||310,423|231,494|
|Funds Carried Forward||||286,019|310,423|
##
##
##
||||||2022|2021|
|---|---|---|---|---|---|---|
|||||Note|8||
|Fixed Assets|||||||
|Tangible|assets||||270|776|
|Current|Assets||||||
|Debtors|||||6,738|6,845|
|Cash at|bank and|in|hand||290,481|349,027|
||||||297,219|355,872|
|Liabilities|||||||
|Creditors|falling due||within one year||(11,470)|(46,225)|
|Net Current Assets|||(Liabilities)||285,749|309,647|
|Net Assets (Liabilities)|||||286,019|310,423|
|General|unrestricted||funds||266,019|310,423|
|Total Funds|||||286,019|310,423|
##
||||||2022|2021|
|---|---|---|---|---|---|---|
|||||Note||6|
|Cash flows from operating|activities:||||||
|Net cash provided
by (used in) operating||activities||10|(58,546)|79,256|
|Cash flows from investing|activities:||||||
|Purchase of plant and equipment||||||(800)|
|Net cash provided
by (used|in) investing|activities||||(800)|
|Change
in cash 8 cash equivalents
in the year|||||(58,546)|78,456|
|Cash and cash equivalents|atthe beginning||ofthe year||349,027|270,571|
|Cash and cash equivalents|at the end of|the|year|11|290,481|349,027|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Expenditure||||||
|---|---|---|---|---|---|
|||||2022|2021|
|||||6||
|Charitable|activities:|||||
|Exhibition costs||||90,080|78,970|
|Staff costs||||62,192|132,521|
|Establishment||costs||51,405|81,999|
|Other costs
Governance||costs: accountancy|fees and bad debts|15,192
9,'96S|18,049
(10,394)|
|||||228,837|301,145|
##
##
|This is stated|after chargi|ng:|||
|---|---|---|---|---|
||||2022|2021|
||||8|6|
|Depreciation|||506|737|
|Operating
lease rentals|||21,197|21,431|
|Independent|examination|fees|5,000|5,000|
##
##
##
|Total staff|costs we|re|as follows:||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||6||
|Wages and|salaries||||5?,352|123,911|
|Social security costs|||||2,711|6,430|
|Pension costs|||||2,129|2,180|
||||||62,192|132,521|
|Particulars|ofemployees:||||||
|The average number||of|employees|during the year was as follows:|||
||||||2022|2021|
||||||No|No|
|Number of|administrative||staff||1|3|
|Number of|management||staff||2|2|
||||||3|5|
##
##
##
##
|Tangible
Fixed|Assets||
|---|---|---|
|||Equipment|
|Cost|||
|At 1 December 2021||60,228|
|Additions|||
|Disposals|||
|At 30 November|2022|60,228|
|Depreciation|||
|At 1 December 2021||59,452|
|Charge for the year||506|
|Eliminated
on disposal|||
|At 30November|2022|59,958|
|Net Book Value|||
|At 30 November|2022|270|
|At 30 November|2021|776|
##
##
##
|8.|Debtors|||||
|---|---|---|---|---|---|
|||||2022|2021|
|||||6||
||Other debtors|||2,456|2,362|
||Prepayments|||4,282|4,483|
|||||6,738|6,845|
|9.|Creditors: Amounts|falling due within one year||||
|||||2022|2021|
|||||6|5|
||Trade creditors|||7,711|11,422|
||PAYE and social security|||(556)|2,007|
||Other creditors|||644|3,120|
||Accruals and deferred||income|3,671|29,676|
|||||11,470|46,225|
##
##
|10.|Reconciliation
of|n|et income to|net cash flow from operatin|g
activities||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||6|6|
||Net income for the|year|||(24,404)|78,929|
||Depreciation
charges||||506|737|
||Decrease (increase)||in debtors||107|24,457|
||(Decrease) in creditors||||(34,755)|(24,867)|
||Net cash provided||by operating|activities|(58,546)|79,256|
|11.|Analysis ofcash and cash equivalents||||||
||||||2022|2021|
||||||6|5|
||Cash at bank and|in|hand||290,481|349,027|
##
##
##
||||||2022|2021|
|---|---|---|---|---|---|---|
||||||8|E|
|Income|||||||
|Income from|charitable||activities||179,140|331,078|
|Donations|||||25,293||
|CJRS income||||||48,996|
||||||204,433|380,074|
|Expenditure|||||||
|Exhibition costs|||||90,080|78,970|
|Staff costs:|||||||
|Wages and salaries|||||57,352|123,911|
|Employer's
NIC|||||2,711|6,430|
|Staff pension|||||2,129|2,180|
||||||62,192|132,521|
|Establishment|costs:||||||
|Rent|||||21,197|21,431|
|Light and heat|||||1,742|1,850|
|Repairs and|maintenance||||4,998|3,361|
|Business rates|||||19,271|50,985|
|Insurance|||||4,197|4,372|
||||||51,405|81,999|
|Other costs;|||||||
|Professional|- legal and||consultancy|fees|230|603|
|Office expenses -||telephone|||3,705|3,838|
|Depreciation|||||506|737|
|Advertising|||||222|80|
|Travel and subsistence|||||14|644|
|Charitable
expenditure|||||3,666|3,666|
|Miscellaneous|expenses||||2,578|2,562|
|Office costs|||||350|150|
|Printing
and|stationery||||654|1,735|
|Internet costs|||||3,279|4,034|
||||||15,204|18,049|
|Governance|costs:||||||
|Accountancy|fees||||6,686|9,342|
|Bad debts written||off|||3,282|(19,736)|
||||||9,968|(10,394)|
|Total Expenditure|||||228,837|301,145|
|Net Income|forthe Year||||(24,404)|78,929|