The Photographic Angle Annual Report For Year Ended 30 November 2023 Company R•glstration Number 07063637 Charity Number 1135750 (England and Wales)
The Photographic Angle Flnancial Statements Year Ended 30 November 2023 Contents Pagè Members of the Board and Prolessional Advisers Trustees, Annual Report Independent Examinerfs Report to the Trustees Statement of Financial Activffjes {Incorporeting thg incomtr and expenditure eGcount) Balance Sheet Statement of Cash Flows 10 Notes to the Financial Statements 11 The following page does not fom) part of the finantl81 ststèm#nts Detsiled Statement of Financial Activtties
The Photographlc Angle Members of the Board and Professional Advisers Registsred Charity Name The Photographi¢ Angle Charlty Number 1135750 (England and Wales) Company Reglstratlon Number 07063537 Registered Office 5 and 6 Fairfax Place Dartmouth Devon TQ6 9AD Tru$tfjeslDlrn¢tors Mr A Cart81 (rèsigned 24 January 20231 MrAMay Mr S Tayloi Mrs B M Jtshnston MrA M Knowles Chief Executive and Company Secretsry Ms C John Independent Examiner Martin Hobb¥ Bsc ACA Fran¢is Clark LLP Chartered Accountants Sigma House Oak View Close Edginswell Park Torquay TQ2 7FF Bankers National Westminster Bank PLC 91 Fore Street King$bridge Devon
The Photographic Angle Trustees, Annual Report Year Ended 30 November 2023 The trustees, tho are also dlrectors for the purposes of company law, present Iheir report and th& financial statements of the charity for the year ended 30 Novembei 2023. R•fèr•nc• and Administrative Oetsils Referen¢e and administrative details are shovm in the schedule of members of the board and PTofessional advi¥eis on page 1 of the financi81 statements. The Trustèesloirnctors The tru8teesldire¢tor8 who served at the chority during Ihe period were as follows.. Mr Andiew Carter BIPP, SWPP Ireslgned 24 Januery 2023) Mr Anthony May Mr Steven Taylor Mrs Bernice Johnston Mr Anthony Kno¥eS The trusteas and the chlef ¢xè¢utlve comprise the key management personnel of the charlty. Legal Advlser: Paul Russell LL8, FIRRV Structure. Govemancé and Management Constitytion. The charity INumber 11357501 is a ¢ompany limited by guarantee (Number 070635371 incorporated on 2 November 2009 governed by its Articles of As$0¢1atiL. It is led by a Board of TTUSte¢8, vthos¢ detalls are shown above. Method of appointment or elÈ¢tion of trustees. The management of the chariiy is the responsibility of the trustees who 8re elected and co-opted under the terms of the Articles of ASsOation. Newtruslees are appointed to the Board ol Trustees by invitation from a majorlty of tho membe¥9 Qf the existsng Board. The appointment is followed by an indu¢tion process. Oryanisational strucbjre and decisionwmaklng. The Board of Trustees is responsible for agreeing the strategic directs'on of the organisatlon, ratlfylng policy and ensuring compliance wth intemal governance and external regulations and legislation. The Board of Trustees meèts every 2 month$ and more often whenever needed. Day-to-day management of the chatTty Is delegated to its staff. Su¢c¢$ston. The Board has a policy of Considering succession, as r( is aware of ts obligation and need to recruit new trustees, and to seek diversity in the Skills which new members can bring to the Board. staff. The permanent ¥taff of the charty bring wth them a wealth of practical experience from thèir former PO8itions in event management. logistl¢s and Creativity.
The Photographic Angle Trustees, Annual Report Year Ended 30 November 2023 Objectivos and A¢tlvltle$ The objectives ofthe charity are.. Th& advancement of education for the publiG benefit. in path'¢ular in the art and Sence of photogrephy and its theory and pra¢tis$. by.. (a) prornotlng, sustaining and increasing individual and GolleGtive knowledg& and understanding of the specific areas ofsludy, ski115 and expertise in the practise of the art of photography fbj &du¢ating sttJd8nts of art and photography The promotion of rh& 8rts for th8 public bon&fit by.. (a) promoling the art of photography and diss8minaling inlomiation about the art of photography to the publi¢ utilising th& media, the intern&t (b) oncouraging th& appr8elation of a high standard Df art from 9¢odomics and associates of the art of phol¢gr8phy (¢) prov19 or &$sisting th• provision of &xhibilion8 of photography freely accessible to Ihg publi It achieves these by.. Providing or asslsting the provision of exhibition5 of photography freely accesslble to all members of the public. In ¢onnection eath theme upon which exhlbitions are based, arranging organized tours ofthe same and the provision of a catalogue relevant to each exhibtknon. Encoraging participation in theme-based photography through competitions organized on a bi-monthly basis by the charity. Enty lo each competition is free to all. PaFl¢ipation is fvrther encouTaged by the provision of a small prize. The competf(ion attra¢ts visitois lo the charity's websits and ¢n¢ourages involvement with the chaTity'8 exhibitions. PromoJt)g, sustaining and Snereaglng individual and collective knovAedge and understandlng of the sp•clflc areas ofstudy, sknlls and expertise In the practice oflhe art ofphotography by educating students of art and photography through the attendance of the charty's exhibiOn5. The promotion of Ihe arts for thè public benefit by promoting the art ol photography and di$$eminating informatyon to the public, ulilising the media and the Internel. and encouraging the appreuation of a hlgh standard of art from a¢ademics and associates of the art of photogrgphy. Engaging educational establishments in the fvrtheran¢e of the study of photography. Engaging with relevant special interest groLSPS such a3 local camera and photography clubs, to fvrther engender intere8t and participation in photography for the public benefil, by encouraging attendance of the charity's photographic exhibitions.
The Photographic Angle Trustees, Annual Report Year Ended 30 November 2023 Serying the PLtblio and making the advancement of education in the art and $¢len¢o of photography available to everyone regardless of their age, sex, abillty or lvo1 of experience. Eneouraging the public to engage In the medlum of photography which traverses linguistic and cuKural barriers, and which can be experienced and enjoyed by the public at all levels, from a beginner wth slmple equipment. lo the consummate professional. Assisting in thtr provlsion of education and ¢Joing so, for example, by pla¢ing in$truotional an¢J inspirational rnaterial at the charity's exhibitions, as well as videos and tutorials on the charity's website for publi¢ beneffit. Promulgating communication betsyeen photographers by providing a platform for the exchange ofwews, ideas and experiences on the charity's website blog. Providing high quality photographie èxhibit'ons in an environment where the content of the exhibition5 can be enjoyed by the widest POS5ible range of people with divwsity as a Core principle. To educate members of the publlc by increasing their knO¥edge and understanding of photography, and in doing 59, to promote the highest standards of achievement in photography in order lo encourage publie appreciation in photography. To conb'nlte lo raise the local. nalional ond international profile of photography by organizing exhlbitions and encouraging participation in those exhibthons through the charity's competition pro¢os8. To grow our digital audlence by increasing web$ile usage, enlarging our mailing li$1 and soclal media followng, and to fvrther encourage the public to visit the chaTity'8 exhibitsons. En¢ouTaging Organized visits to the chaTity's exhibifjons by school children of all age$ and providing those visitors wth an Education Pack wh¥ro required. These Education Packs have been designed by the charty'¥ Education Officer to improve the learnlng opportunity that attondan¢s at the exhibibon delivers to students. Through our exhlblfjons to translorm the way adults, yourg people and children learn abolrt the vlsual art of photography and through the visual art of photography. To Present a consistently excellent and divèrse programme of exhibillons and displays of photographi¢ Work, and to contribute lo the cultural heritage ol the fvre, through the stewardship of our archive. A¢hlov•m•nts and Perfom)ance The charity's aGtivilies have continued lo grow, and visitor numbe18 are gradualty increasing at Its exhibitions, and we anti¢ipate continued growth in the future. The charity has recenuy added new exhibition properties lo its existing portFolio, both of vthich are in new locations. The Photographic Angle was delighted lo welcome large group of young students lo its first exhibition in Swansea re¢ently and hoptss to attract further students during the cuMent ffnaneial year. The Photographic Angle has been able to continue its linK$ with The Royal Photographic Society regardino photographic proje¢ts which educate and promotè awareness of the ènvironment. This remains an Important area. This Inltlative continLte$ to generate a considerable lev&1 of publlcity for the eharity.
The Photographic Angle Trustees, Annual Report Year Ended 30 November 2023 Journals.. Through its link The Royal Photographic Society, the charity secLsres exp08ure about itself and ils a¢ts'vilies within The Royal Photographic Society Journal, whioh ha$ a cir¢ulation in excess of 10,000 membeTS. The charty continues lo award its small environmental bursaries in association with The Royal Photographic Society. The 2024 bursary has seen an in¢Tease in the number of entrants to prior yeais. These bur6ari8s al80 can lead to extra publicity as the winners of the bursartes often secure articles in l&adlng publications. Public Benefit The Board confirms that It continLtes to ref&r to the guidance contained in the Charity Cornmission's general guidan¢e on public benefit, when revlewng the charity's aims and objectives In plannlng fvlure advllie8, and stridy adhere5 to . Public benefit Is defined within the charity's aims, namety the athancement ol eduo8tion for the public benefit, in particular, the art and science of photography and its theory and practice. The charity achieve$ thi$ by making the photographic and educational material available to the public at large th no re8tri¢tion whatsoever and Complete free of charge. Financial Revlew As at 30 November 2023 our balonce sheet $hows a totsl credit In fvnd$ of £273.451. Plans for FUre Pèriods At the time of filing the charty's annual accounts for the yeaT to 30kn Novembei 2023, the charty Ss oporating its thJll schedule of exhibition advitie$. The charity intends to fvrther increase and develop educational content on Its website and to use th18 platform to ¢ontinue lo promote ils forthcoming exhibitions and attrad further visitors to its exhibltions. The charlty wlll Continue to focu8 on dlgital media and nefv40rklng websites lo publlclse its exhlbitions In order to attTact more visitors. The ¢harity continue8 to develop its working pra¢ti¢es, by improvTng and regularly reviewng its poli documentation. The Charity's trustee8 recognise the important of proteding all those who come in lo contact th the charity.
The Photographic Angle Trustees, Annual Report Year Ended 30 November 2023 Trust••s' R•spon5ibilitie5 Statement The trustees (who are a150 the direclors of The Photographl¢ Angle for the purposes of company lawl are responslble for preparing the Trusle&s' Annual Reportond the financial slaternents In accordance appllcable law and iegulations. Company law requires the trustees lo prepare financial statements for each flnancial year. Under that law th& trustees have elected to prepare the financial slalements in a¢¢ordance with United lQngdom Generally Accepted Accounting Practice Iuniled Kingdom Ac¢ounts'ng Standards and applicable lawl. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and the income and expendire ofthe ¢harity for that period. In PTep8ilng these financial statements, the Iru8tees are requlred to.. select suitable accounting policies and then apply them nsIStenI1y', observe the methods and principles in the Charities Stalemenl of Recommended Practice ISORPI., make judgements and accounting estimates that are reasonable and prudent,. and prepafe the finan¢ial Ststements on th8 going concem bas1$ unless it is inappropriate to presume that the charity will ¢ontlnue in operation. The tru51ees are responsible for keeping adequate accoLtnting records that ar8 sufficient to show and explain the charity's transa¢tion$ and disclose with reasonable accuracy at any the financial position of the charty and enable Ihern to ensure that the financial statements comply wth the Companies Act 2006, Thèy are al$0 responsible for safeguarding the assets of the charity and hence for taking rea$on8ble steps lor the prevention and detection of fraud and other irregularities. Sm•ll Company Provisions This report ha$ been prepared in accord8nce with the special provisions for small companies under Part 15 tsf the Companies A¢1 2006. Slgned on behalf of thè dlréctorsltrustees on 23 August 2024. nthony May DirectorlTruslee
The Photographic Angle Independeni Examiners Report to the Trustees of The Photographic Angle Year Ended 30 November 2023 I report to the trustees on my examination of the accounts of the ¢harf(abl& Company for the year ended 30 November 2023. Responsibilities and ba$1$ of report As the chgritable company's trustees {and abo its director8 forthe purposes of comp8ny lawl you are re8ponsible for the preporation of the accounts in a¢¢ordan¢e with the requSrements of the Companies Act 2006 llhe 2006 Act'i. Having satisfied myselfthat the accounts ofthe charitable Company are not required to be audited under Part 16 of the 2006 Act and are eligible for the independent examinalitsn, I report in respect of my examination of the accounts as Carried out under Section 145 of th• Charities Act 2011 I'the 2011 ACY). In carrying out my examinatlon I have followed the Dir¢ctions glven by the Charity Commission under section 145151 Ibl ofth¢ 2011 Act. Ind¢p¢ndÈnt èxAminee5 Statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe., accounting records Wgfe not kept in respect of the d)ar4table Company as required by sèdon 386 ofthe 2006 Act,. or 2. the aceounts do not accord wSth those records., or 3. the accounts do not comply the a¢countlng requlrernents of $e¢Uon 396 of the 2006 Act other than any requirement that the accounts give a Mrue and fall view, 1¢ is not a matter considered as part of an independent examination., or 4. the accounts have not been prepaied in accordance with the methods and principles of the Statement of Recommended Practice for accountlng and reporting by charities applicable to charities preparing their ac¢ounls in accordance with the Financial Reporn9 Standard applicable in the UK and Republi¢ of Iieland IFRS 1021. I have no con¢¢rns and have Come across no other matters in ¢onnection with the examination to vthi¢h attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Martin Hobbs Bsc ACA FRANCIS CLARK LLP Sigma House Oak View Close Edginswell Park Torquay TQ2 7FF 23 August 2024
The Photographic Angle Slatement of Financial Activities Ilncorporating the Income and Expenditure Account) Year Ended 30 November 2023 General General Unrestricted Unrestricted Funds Funds 2023 2022 Note In¢ome from: Charitable activities Donations Othei income 244,888 179,140 25,293 1,160 Total Income 248,038 204.433 Expendtture on: Charitable activities 258,606 258,606 228,837 Total expenditur• 228,837 Net exnditUr• and movwnent in funds 112,5681 124,404) R¢Gonciliation of Funds Funds brought forward Fund$ Carrièd Forward 286,019 273,451 310,423 286,019 Th• not•s on pages 11 to 14 fomi part of these flnancial statemt8.
The Photographic Angle Balanc8 Sheet 30 November 2023 2023 2022 No Fixèd Asséts Tangiblo assets 3.666 270 Current A$$ets Debtors Cash at bank and In hand 14,870 268,537 2B3,407 6,738 290,481 297,219 Llabllltie$ Creditors tslling due wthln one year 113,6211 111,4701 Net Current Asset$ (Llabllitiesl 269,786 285,749 Net Assèts ILiabilitie$l 273,451 266,019 General unrestricted funds 273,451 286,019 Total Funds 273,451 286,019 For the year in question, the charitsble company was entived to exemption from audit under Section 477 of the Companies Act 2006 rel&ling tt) small companles. The members have not required the charltable company lo obtain an audit of its 8¢¢ounts for the year in question in accordance wth section 476 of the Act 2006. The trusteesldireclors a¢knO¥edge their responsibilities for ¢omptying wrth the requirements of the Companies Act 2006 wtth respect to accounting re¢ords and the preparation of accounts. Those a¢¢ounts have been prepared in accordance wrth the provisions applicable to small companies subject to the smo11 Companies, regime and in accordance with FRS102 SORP. These ffinancial $tstements were approved by the Board and signed on its behalf on 23 August 2024. Anthony May Directorrrrustee Company Registration Number.. 07063537 The notes on page$ 11 to 14 fomi part of thesè financial statements.
The Photographlc Angle Cash Flow Statement Year Ended 30 Nov8mber 2023 2023 2022 Note Cash flows from operating activitiès., Net ¢ash provlded by {us8d in) oporatlng actlvltl¢s 116A521 158.546} Cash flows from invèsting activiti•$: Purchase of plant and equipment Net ¢ash PrOved by (used inl investing a¢tivlties 16,4921 {5,4921 Change in c45h & cash equivalents tn th• year Cash and cash equivalents at the b4inning of the year Cash and cash equivalenls at th• •nd of th• year 121,9441 290.481 268,637 {58,5461 349,027 12 290,481 Thè notes on page$ 11 to 14 fomi part of th•s• financÉal statsments. io
The Photographic Angle Notes to the Financial Statements Year Ended 30 November 2023 General informatlon The chaiity is a Company limited by guarantee, inoorporaled in England and Wales. The address of its registered office is.. 5 and 6 Fairfax Place DArtmouth Devon TQ6 9AD Accountlng Polieios Basis of accounting and a55es5ment of going concern The financial statements have been prepared under the historical cost ¢onvention and are in accordance ¥Mth Aceounting and Repo.n9 by Charities.. Stslement ol Recommended Practice appli¢abl& lo charities preparing their accounts in accordance with the Fin8Tr¢i81 Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021 (effective January 20191- (Charities SORP {FRS 1021) and tho Companie$ Act 2006. The ¢harity constitutes a publi¢ benefil entity as deflned by FRS 102. Incomg Income is recognised when the charity is legally enlitted to the irscome, il 1$ probable Ihal the income will be received and th& amount can be quantifl¢d with reasonable a¢¢uracy. Expendlture Expenditure is recognised in the period to which it relates and where it is more likely than n¢)t that there is a legal or constructive obligation committsng the charity to pay out re80urces and the amount of the obligab'on can be measured ¥th reasonable c8rtalnty. Flnancial instrument$ The charity only has financial assets and liabilites of a kind that qualify as basic financial instruments. Ba¥1¢ financial instruments are initia15y Tecognised at transaction value and subsequenlly measured at their $ettlement value. Ftxed assets All fixed assets are ini118lly recorded al cost. Deweciation is Calculated so as to write off the cost of an asset, less its estimated resldual value, over the usefvl econom1¢ Ilfe of that asset as follows.. Equipment- over 3 years $traight line. Debtors Trade and other debtors are recognised at the 88tdemenl amount after any trade discDunt offered. Prepayments are valued at the amount prepaid net of any trade discounts dLTre. 11
The Photographic Angle Notes to the FinancAal Statements Year Ended 30 Novemb8r 2023 Cash at bank and in hand Cash at bank and in hand includes cash and short teTrn highly Ilquid Inve$tments wth a Short maturity of three months or less. Liabilities and provision$ Liabilities are recognised when theye 5$ an obligation at the balancè sheet date as 8 result of 8 P8$t event, (É is probable that a transfer of economic benef51 wll be required in setdement. and the amount of the setdemenl Can be ÈsJmated reliably. Liabilities are recognlsed at the amount that the charity anticipates it 11 pay to seltle tt7e debt or the amount it has received as advanced payments foi the goods or services it must provide. Operating lease agreements Rentals applicable to operating leases where 8ubslanllally all of thé beneffls and ilsks of ownership remaln with the lessor are Charged against profits on a slraighl line basis over the period ol the lease. Expenditure 2023 2022 Charitable a¢tivities'. Exhibltlon costs Staff rc)sts Establishment CQ8ts Other costs Governance costs.. a¢¢ounlancy fees and bad debts 97,731 68.112 70,834 16,871 6,058 90,080 62,192 51,405 15,192 9,968 258,606 228,837 Included in expenditure on chaTitable activitles is an amount 01 £3,686 {2022 - £3,666) paid to the Royal Pholographl¢ Society in respect of bursaries. Induded in govemance costs is £nil12022'. £3,282), being the WTite off of an irrgeoverable debtor. Net In¢ome and movemenl in fvnds Thls is stated after charging.. 2023 2022 Depreciation Operating lease renlals Independent examination fee8 2,097 19,464 4,250 506 21.197 5.000 12
The Photographlc Angle Notes lo the Financial Statements Year Ended 30 November 2023 Staff Costs and Ernolument5 Tolal staff costs were as follows: 2023 2022 Wages 8nd salaries Social ye¢urity costs Pen8ion costs 65.855 518 1,739 68.112 57,352 2,711 2,129 62,192 Particulars of employees: The average number of employees during the year was a$ followB: 2023 No 2022 Number of administrative staff Number of management staff None of these employees was ll-tiMe12022 - none), No employee received remuneratlon of more than £60.000 duilng the year (2022- none). The total remuneration of key management personnel during the year was £49,46812022- £41,770). None ofthe tnjstees have been paid any rernuneration or received any other benefits from an employment with thè charity and no expenses have been reimbursed to trustees. Related party tran5a¢tions There were no relatsd party transactions during the yeai. Tangiblo Fixed A$s•ts Equlpmqnl Cost At 1 December 2022 Additions Disp¢)sal8 At30 No¥embèr2023 60,226 5,492 148,4801 17,240 D•pr•eiation At 1 December 2022 Charge for the year Ellminated on disposal At 30 November 2023 59,958 2,097 148,4801 13,675 Net Book Value At 30 November 2023 3.866 At 30 November 2022 270 13
The Photographic Angle Notes to the Finanoal Statements Year Ended 30 November 2023 Debto 2023 2022 Other debtors Prepayments 9,985 4,886 14,870 2,45 4,282 6,738 Creditors: AmoLsnts falling due wthin one year 2023 2022 Tr8de crèditors PAYE ond social 8eourity Other eredrtois A¢¢rual$ and deferred Incomè 6,179 804 643 5.99S 7,711 15561 644 3.671 13,621 11,470 10. Financial commitments The total amount of financial commitments not included in the balance sheet is £10,03112022 £9,859) in respect of operotin9 leases. 11. Re¢on¢lliation of net iricome to net cash flow from operating activitRs 2023 2022 Net lexpendittiyel l income for the year Depreciation Charges Ilncreasel decrease in debtors Increase Idecreasel in creditors Net cash provpjed by op8rating activitie5 112.568) 2,097 18.1321 2,161 116,452) 124,4041 506 107 134,7551 158,546) 12. Analys15 of cash and cash equivalents 2023 2022 Cagh 8t bank and in hand 268.S37 290,481 14
The Photographic Angle Detailed Statement of Financial Activiti@s Year Ended 30 November 2023 2023 2022 Inme In¢ome from charitable a¢tivitie$ Donab'on$ Bank interest receThied 244.888 179,140 25,293 1,150 246,038 204,433 Expenditure Exhibition costs 97,731 90,080 Staff co$ts'. Wages and salaries Employers NIC Staff pension 66,373 57,352 2,711 2,129 62,192 1,739 68,112 Establishment costs.. Rent Light and heat Repairs and maintènance Business rate5 Insurance 19,464 404 5.626 39,169 4,074 88,737 21,197 1,742 4,998 19,271 4,197 51,405 Other costs-. Professional lagal and consufiancy lees Office expenses - telephone Depreciaton Advertislng Travel and subsistence Charitable expenditure Mi$¢ellaneou$ expen$&$ Office ¢osts Printing and stationery Internet costs 159 3,951 2,097 sos 19 3.666 2,770 325 693 3,883 17,968 230 3,705 508 222 14 3,666 2,578 350 654 3.279 15.204 Governance costs.. A¢¢ountan¢y fees Bad debts written off 6,058 6.686 3,282 6,058 9,988 Total Expendituro 258,606 228,837 Nel expendlture for thè yèar {12.5681 124,4041 This page does not form part of the ¥tatutory financial statements vthich are the subject of the Independent examiner's report on page 7. 16