THE CAAIERA CLUB R•githr•d Charllablo Incorpor• Oryanl••tlon 1174806 ANNUAL REpoKfAND FINANCIAL STATEMEKrn FOR THE YEAR ENDED JO SEPTEMBER 2022
ANNUAL REpoKf FOR THE YEAR ENDED 30 SEPTEMBER 2022 Charity Nam• and HUmr The Camera Club Registered CharStsble Incorporated or9151)n nurrt)er 1174805 Charlty'• prlnclpAI addr• 16 Bowden SW Lond¢)n SE114DS Tru•to8• Thè trustees who have 8er¥&J during the finandal year land until the date of this rèport) were: Mr Philip Clark Mr Paul Smrth Mr Steve Ullathorr The Camera Club was registered as a charitsble 1nc0rrrtted organisation on 22 Sept8mber 2017, and 8tsrt8d operating in this form on 1 October 2017 Previou$ty the activrties had been operated a8 an unincorporated association. On 1 October 2017 a Compary owning the freehold premws wher8 the Camera Club operates, the Camera Club Limibj, becam8 a 100% sUbSlary ofthe chanty. On 31 January 2018 the property and other assets and liabilthes of the Camera Club Limited We transferred to the chanty On 28 August 2018 the Camera Club Limlted was dis80tr. This rfr0rganl8aln has simpltfied the govemanc8 of the charty. The trustees are appointed by the rrembers of the chanty. No staff ore employed by the charity, and rt relies on the a88i8tan( of voluntoers for lis activiti88 to operate. ObJ•ctlvM and ActMII•• The obj'ects of the as set in bts eonstl1ut1 arn: For the public benefi( to advarxx edtIOn in the theory and FK8ctse of the and 8clence of photography, In parti¢uFar by providing or assisting in the prOv1()n of educational. Instru10n81 and Iwning &tivib&s and Inexpensive FO3ph thi11t in London. The thwity provides iwo studios. fow dWkrc%) and a digblal sulte for u88 ty photographers of all abilrties inexpensivety in London. It also hosts a gallery. although with CovJ it was not possible to organise exhibitions of photography over tr year. NomMIty il is available for use by extefftal nthorks of photographers and local community groups, and is used to host small groupsfor lber$tO aboutvaried a8p8cts of ph¢)tography. IMn annIng xtivitie8 th& Trustees twe r)nsKlered tr Chwity con1$6%)n guidance on public b8nefft. Some prc•3$s has been made in this year in bullding up Club acuvllles after two years substantial disruption from Covid. This has induded organising a range of member activib"es, including some focussed at new members. There have been a range of eXhibrtn$ in the Club's Gallery. and two eJJrtKins have been prc#Juced of the Club's Joumal. The Club cdlaborated with local resdents during the Platinum Jubilee celebrations. New collaboration$ have been established with students studying arthitectijre aTrJ using the Club's dathrooms. The Club's website stsrted to be redeveloped trNRrds the end of the year. Hcrwever, use of the Club's key fxilities of studios and darkr(S remains signFficanty bwer than pre Covid, wtentialty fellecting current PLCA)omic challenges as well as ltrRr membership leveL8 followng COVKI. Accordingty the Club made a deficit at thè operaling level, and building Usage of fxilities as well as other Club &tr¥It Temains the main prThrty. Page 1
The Trustees recogntse the contribution of many indmduals who have gNen their Itme voluntwily so that the Charity can function. espeually those who have acted as stewards to enable the Club to be open. Particular thanks are due to those who have served on the Commrttee during this year. Nick Andrews, Dan Bachmann, Phil Clarf(, Kate Cce, lan Greaves, Rebecca Jeffree. Marco Maselti, John Neilson. DavMI Ovenden, Tim PryHnS, Ph Robertson, Gabe Simon, Paul Smrth, Phil Taylor. Steve u1Wrne and mon Walker Vadillo. Operatsng income and expendrture for the year was in deficit by £2,055. There was substantially less income from studio$ and darkrcKJms than in a pC0vId year, A Govemrrenl grant towards Covhl diwuption of £2,667 was received near the beginning of the year, but this compares vnth such grants of £12.860 in the previous year, and £10,1XJO in 20120. Mtscellaneous inc4)Th also includes £2.910, as the work on improving fire doors was ¢ompleted this year at this amount lower than had been to cover this Cost in the previous yeaS accounts. After 8 substantial recovery in the value of the Club's investrnents in the pwious year, with the economic challenges and 13)vemment changes in polw in the current year invesim8nts redj in value by £9.319 in this year. In May 2018 the Tnv8tees agreed an investffnt wlicy frx the charity. recognising that each year the charity aims lo break even. recognising that maintenance expendrture will vary from year to year. and that a surplus 1$ aimed for in years with low maintenance exp8ndilure. The tM)licy is that sufficienl cash and IUld funds should be in place to meet lik6ty working capitsl needs and short-terni foreseèabb& mointenance expenditure, with the remaining reseNe$ Invested in a suilabty diversified manner to ffitsgale D•¢laratlon The truste8s declare that they have apwoved the trustees. report alxwe. &'gned on behalf of the chanty's trustees. ZALL Mr Stephen Ullathome So)tt Tnmtee Mr John Nlson Secretsry & Honorary Treasurer 20Z} Paje 2
INDEPENDENT EXAMINER'S REI¥)RT ON THE ACCOUNTS Report to thfr tru•t••s of the C•mern Club on tho a¢¢ount8 for tho yo•r end•d 30th septr 2022 sot out on pag•8 4 to 8. R•spoctlv• r••pon•lbllltles of th• InMtee• and the •xamlnor The charity's Injstees are respsIble for the prepara11 of the oUnts. The chanvs trustees consider that an audlt is not required for thls year {under sectson 144{21 of the Charitss Act 2011 (th& Act}} and that an independent exanwnation is need. It is my r8sponsibility to • examine the accounts (under sedlon 145 ofthe Ad), . to follow the prcCeduS taid down in the General Dire¢ions given by the Charity CoMmissn (under Section 145(51(b} of the Act), and . to slate whether particular matlers have (x)rne to nry attention. 8a•l8 of Indopendent ox•mln•e• •tstom•nt My examination was carried out in accordanc4 with Gerw81 DIrtiOnS grn by the Charty Commis8ioners. An examination includes a revi¥ of the accounting records kept by the charty and a comparison of the accounts pr88ented wilh those records. It also includes Consatr)n of any unusual rtèms or disdo8Urn8 in the accounts, arKI seeking explanatK)ns from the trustees concerning any Such mattern. The PTcKedures undertakon do not provide all the evidence that woukl be required in an aud¢ and consequenty fK opinion is gNen on whether account8 8h¢x'a true and fair viwf and the rewt is lined to those matters 8at out In the statemnt below. Indopondent •xamln•rf• •tat•m•nt In the course of my eXaminan. no matter has m to my 8ttentlon 1) whlch gNes me reasonable cause to believe that in. any material r88rt th8 requirements . to keep proper xcounting re)rdS in accordance with sectv)n 130 of the Act and . to prepare accounts which accord with the accounting records and compty with thè accountlng raquirements of the Act have not been met., or 2} to which. in my opinion, attentM shoukl be drawn in order to enable a yopar urKler8tsnding of the xcounts to be reached. Heather Cheesman FCA 104 Strtkbndge Road Chichester W. Sussex P019 8QP 06 20zS.
STATE•AEKf OF FINANCIAL ACTivrnE8 FOR THE YEAR ENDED 30 SEPTEMBER 2022 2022 2021 INCOME Membership subsuiptws Studio fadlities Darkroom faciliti'es Digital suite Wk)rkshop$ & Events Gallery Other 10A80 15.090 12$ 205 11,064 10,690 1,112 315 638 320 14,235 38,064 LESS: EXPENDMJRE studio 125 100 117 120 Dlgrtal Joumal Vtrbrkshop & Events Printing, Postage & Stationery Maintenance & Property Repaw8 Catering Cleaning & Laundry Adverb'sing & Promtion GallerylExhibthon Rates Gas, Etethty & Water Phone & Broadband Computers & IT Insurance & Alam Bank Charyes Oeprecialbon Accountancy & Profe88ional fees 152 431 10,032 310 675 4,279 74 2.728 1,892 1.163 5,419 1.053 9.383 500 2.132 1,169 9J83 36A61 38.175 OPERATING NEf V4COMEIILOSS) FOR THE YEAR 12.055> (121) Galn l{Loss) on revalualw)n of inveskn*nis 19.319) 42.142 OVERALL NEf INCOMEI(LOSS) FOR THE YEAR 111.3741 42,021
BALANCE SHEEr ASAT 30 SEPTEMBER 2022 2022 2021 FIXED ASSETS Tangl1e assets Investments 118,970 167,654 128,353 176,972 286,624 305,325 CURRENT AS8Ers Prepayments Bank account Cash in hand 2,177 87,131 142 86,593 89,450 CURRENT UABILmE8 Credrtor8 due within one y& 1.793 9.701 NEf CURRENT ASSErs 87,076 79,749 TOTAL NET ASSErs 373,700 385,074 FUNDS OF THE CHARrrY: UNRESTRICTED RESERVES At 1 October 2021 Surplusl(Loss) for the year 385,074 111A74 343,054 42,021 373,71XI 385,074 Sbned ¢)n behafi of the Tnjstees by: Mr Stephen Ullathorne Scott Trustee
NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 30 SEPTEMBER 2022 I. BASIS OF PREPARATION The accounts have been prepwed in )rdance with Financial Reporting Stsndard applK8ble In the UK 8nd Republ of Ireland (FRS 102), wth the Stateffentof Reo)mmerKled Practice.. Accounting and Reporting by Chartties preparing their a(x0 in aM)rCe wth FRS 102 ar#J wrth the chare$ kt 2011. The accounts have been prepared under the hthal (x)st ¢onventh)n, except for the revaluatKJn of investments. The Camera Club is a wblic befft entity within tho m8aning of FRS 102. 2. AccouiillNG POLICIES The princi accounting policies are Set (xrt bekNr. Income 18 included in the Statement of Financ1 A£iMli (SOFA) when.. • the charity be¢om8s entrtled lo the incoffo.. • the trustees are virtualty certain that they will recer4e incomts: . the mnetary value can be [rured with sUffnt ¢tsinty. IAthere incom& has related expenditure, the Ir and relatad expendf(ure a reFQrted gross in Ihe SOFA. Donations are Éncluded in the SOFA onty when the chanty has unconditional entiuement to the resour. Investment Incon ts included in the xcounts when retsivable. Investment gain8 and losses include any gain or h)ss on the sale of investsnents and any gain or k)ss rosulting llom the revaluing investrnents to market value al the end of the year. Tangible fixed assets are wthisured at 6t less a(xumulat8d deweciatson, exw in the ca8e of Ihe freehold land, which is not depre¢iat8d. Buitdings are depreciated on a straKJht line b$ over 40 year5, and improvements to buildings over 5 years. Financial instruments compnsing debtors and cr&Jitors. cash and deposts a measured at the cash amount expected to b? receiv&1 or paMI. as appropn8te. Financial in8truments comprising listed Investments are measured at market valw. Llabilities are recthjnrned as soon as Ihere18 a legal or olAigation commrtting the charity to pay out
- TANGIBLE FIXED ASSETS Land Fro•hold Buildlng Totsl Co•t 60,IKMI 375,321 435.321 2021 Disposals At 30 Septon*er 60.000 2022 375.321 435,321 Doprn¢lallon At 1 Octobar 2021 Chargè for year On disposals At 30 Septemb 2022 306, 3C6,968 9,383 316,351 316.351 Not book v•1 At 30 Septsmber 80.000 2021 At 30 Soptember 80,OIXJ 2022 128,353 58.970 118,970 Tho charity ¢xn$ th& freth0 w8mw8 at 16 Bth¥den Streec LOTh1( SE114DS, from whlch it owatss.
- INVESTMENTS IA&G Charllund BlackR4xk Ch•rffrak Tolal Value at 1 October 2021 9).474 86.498 176,972 Gainl{L¢)8s> on revaluation at 30 September 2022 {5,518) (3.801) 42.142 Value at 30 Septernber 2022 84.956 82,697 167,854
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 S. TRUSTEe EXPENses Three (two in 20221} of Ihe Tr Ere r&imburl during the y8ar out of pt expenses incurred from third partRs of £2,4281£590 in 2019-20). None of the trustees have been paKJ any remuneration. but in acwrdance wth sectson 612) (g) of the chanty's wnstibjtion they recep+e the sam8 modest allijcabon of points for their on the ComnNttee as other members of the Commtttee, which can b8 redeemed against use of the charity's facilitses.