THE CAMERA CLUB Reglstered Charltsblo Incorporat Oryanl$atlon 1174805 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
ANNUAL REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023 Charlty Name and Number The Camera Club Registered Charitable Incorwrated organisatK number 1174805 Charity's principal addre8• 16 Bowden Street LoThJon SE114DS Truste The trustees who have served during the finandal year (and until the date of this reFQrtI were.. Mr Philip Clark Ms Lucy Reeve (from 18 Febry 2023) Mr Paul Smith Mr Steve Ullathome Structurn. Govomance and Managoment The Camera Club was registered as a tharitsble ino)rporated organisation on 22 September 2017, and started operating in this form on 1 October 2017. Previously the activrties had been operated as an unincorporated association. On 1 October 2017 a company owning the freehold premises where the Carnera Club operates, the Camera Club Limited, became a 100% subsidiary of the chanty. On 31 January 2018 the prop8rty and other assets and liabilitses of the Camera Club Limited were Iran$ferred to the Charity. On 28 August 2018 the Camera Club Limited was dissolved. This reryorganisabon has smplified the governan of the charity. The trustees are appointed by the members of the chanty. No staff affj employed by the Charity, and it relies on the assistance of volunteers for rt$ activities to operate. Oblo¢tlvo8 and Actlvlll88 The objects of the chanty as sel out in its cOnstrtuin are: For the public benefi( to advance edtion in the theory and practice of the art and science of photography. in parbcular by providing or as511n9 in the provision of lUca.0na1. instructional and leaming athities and inexpensive pholcgraph facilitses in London. The charity provides Iwo studios. four darkrooms and a digrtal suite for use by photographers of all abilities inexpensivety in London. It also hosts a gallery, In Wh there are regular exhibibons of photography over the year. It is also available for use by extemal netsvorks of photogrdphets and local ¢ommunty groups, and is used to host a variety of activths for members to learn rrre about varEd aspects of photography. When ptanning new actmties the Trustees have nsidered the Charity Commission guidance on publi¢ benefit Achievemonts and Perforniance This has been a successful year of rebuilding &tivty at the Club after a drffKull pertod of Covid Strictlns. New Comrnittee members have organised a much broader range of Club actwrties, so that the w*mbership has grown during the year. The Club has a new websf(e, and this contains much more infomBknon about photography for members. Use of the Club's studios has increased by aLt haK from the previous year. It 1$ now possible to book studios and darkrooms online as well as by conts¢bng the steward on duty al the Club. The has been a good range ofexhibibons in the Club's Galw. In the summer there was an exhikntion in the Gallery ofwork by students studying archrtecture of their ideas for redevebping the Club's premises. The popular winter and summer Members exhib"onS were held. Much of the Club has been redecorated. and the Gallery's lighbng has been renewed. Page 1
The Trustees reownise the con1r1bub of many indNiduals who have given their tin voluntarily so that the charity can fvncb"on. especBIty those vtho have acted as stewards to enab the Club to b8 open. Particular thanks are due to those who have seNed on the Commth during this year. NKk And. Dan Bachmann, Phil Clark. Gavin Femandez, lan Greaves, Marco Masetti. John Nellson. rim Pryce-H•kins. Phil Robertson, Gabe Simon, Paul Smith. Phil Taylor. Steve UlLath0 and mon Walker Valilk>. There was a modest surplus of operats'ng inconk over exlture for the year of £6,324. After the Club's investments reduced in value by £9.319 in the previous year. they in¢>eased in value by £21,176 in this year In May 2018 the Trustees agre1 an investment Fdicy for the Charity. recognising that each year the charity aims to break even, recognksing that maintenance expendrture will wary from year to year. and that a surplus is aimed for in years with low nHintenanc8 expandire. The polry ts that SLfftient cash and fvn(Js should be in place to meet likety working ca&¥tal needs and short-temi forese8able nTaintenance expenditure, with the remaining reserves Invested in a suitably diversffied manner to mitsgate rk. Doclaratlon The trustees dare Ihat they have apwoved the irustees. p(t above. Signed on Ixhalf of the tharity's biJstees'. Mr Stephen Ullathorne Scott Trustee Mr John Neilson Sffttsry & Honorary Treasurer Z02¢ Page2
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS Report to the trustees of the Camera Club on the accounts for the year ended 30th Septsmber 2023 set out on pagos 4 to 8. Raspectlve responslbilltles of the trustees and the examiner The charity's trustees are responsible for the prepar3bon of the Ounts. The charity's trustees consider that an audit is not required for this year {und8r sect 14412) of the CharItS Act 2011 (the A¢tll and that an independent examination is needed. It is my responsibility to • examine the accounts (under section 145 ofthe Art), . to follow the procedures laid duwn in the General DIrectn$ gNen by the Charrty Commission (under section 14515)Ib) of the Act). and . to state whether particukr matters have come to my attention. 8a818 of Indepondont examlnees Statement My examination was carried out in accordance wth General Directions given by the Charity Commissioners. An examination includes a review of the accounb'ng records kept by the charity and a comparison of the accounts presented with those records. It also indudes considerab'on of any unusual tlems or disclosuTrs in the a¢¢ounts, and seeking explanations from the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audi( and nseqUenY no opinion is given on whether the accounts $how"a true and fair VI and the report 1$ limited to those matters sel out in the statement below. Indendent •xamlnoVs 8tstement In the course of my examination, no matter has come to my attentK)n 1) which gives me reasonable cause to believe that in. any malerial respect, the requirements . to keep proper accountsng records in accordance wrth section 130 of the Act and . to prepare a¢¢ounts which accord wth the aoUnting records and comply with the accounting requirements of the Act have not been tr, or 2} to whth, in my opinion. attentron should be drawn in order to enabte a proper understanding of the accounts lo be reached. Heather Cheesman FCA 104 Stockbridge Road chhester W. Sussex P019 8QP os.01- io£4 Page 3
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023 2023 2022 INCOME Membership subscriptions Studio facilibes Darkroom facilits'es Digitsl suite Workshops & Events Gallery Other 17875 23.544 1,887 170 3.542 270 10,480 15.090 1,929 205 690 320 5.582 46,894 34,296 LESS: EXPENDrruRE Studio Darkroom Digrtal Joumal Workshops & Events Printing, Postage & Stationery Maintenance & Property Repairs Catering Cleaning & Laundry Advertising & Promotion GallerylExhibition Rates Gas, Electrictty & Water Phone & Broadband Computers & IT Insurance & Alam 2.421 125 237 120 1,054 266 310 675 6,677 4106 7.275 214 334 3.702 2.924 2,132 1,945 6,090 1,169 9,383 500 1.616 Bank charges Depffjciation Accounlancy & Professional fees 1J93 9,383 410,570 36,351 OPERATING NET INCOMEI{LOSS) FOR THE YEAR 6,324 (2,0551 Gain l(Loss) on revaluatK)n of inveslnEnts 21,161 Ig.3191 OVERALL NET INCOMEI{LOSSI FOR THE YEAR 27N85 {11,374) Page 4
BALANCE SHE ASAT30 SEPTEMBER 2023 2023 2022 FIXEDASSErs Tangible assets Investments 109.587 188,814 118,970 167,654 298801 286,624 CURRENT ASSErs Prepayments Bank account PayPal accounl Cash in hand 2.191 101.593 2.246 86,593 103 30 104,069 88.869 CURRENT UABILrriES Creditors du6 Iwthin one year 1,286 1.793 NEf CURRENT ASSETS 102.784 87,076 TOTAL NET ASSETS 401,18S 373,700 FUNDS OF THE CHARrrY: UNRESTRICTED RESERVES At 1 October 2022 SurplusllLossl for the year 373.700 27,485 385.074 111.3741 401.186 373,700 Signed on behalf of the Trustees by: Mr Stephen Ullathome Scott
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 1. BASIS OF PREPARATION The accounts have been prepared in accordanc* wtth Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102}, wrth the Statement of Recommended Practice". Accounb'ng and ReFQrting by CharilEs preparing their accounts in accordance wth FRS 102 and wilh the Charities Act 2011. The accounts have been prepared under the historical cost convention, except for the revaluation of investrnents. The Camera Club is a public benefit enw wrthin the meaniThJ of FRS 102. 2. ACCOUNTING POUCIES The principal accounting poliaes are set out bekw. Incom8 is induded in the Ststement of Financial ACIWrt (SOFA) vthen.. . the charrty becomes entitled to the income. . the trustees a virtualty certain that they will receNe the income; and . the monetary value can be measured with sufficienl certainty. Where income has lated expenditu, the inrne and related expenditure are reported gross in the SOFA. Donations arè included in the SOFA onty when the chanty has un¢onditional enbtlement to the resources. Investment income is included in the ao))unts when rec•vable. Investment gains and losses include any gain or bss on the sale of investments and any gain or loss sU1ng from the revaluing investrnents lo market value al the end of the year. Tangible fixed assets are measured at cost18ss accumulated depCiatiOn, exp1 in the case of the freehold land, which is not depreciated. Buildings are depreciated on a slraighl line basis over 40 years. and improvements to buildings over 5 years. Financial instruments compnsing debtors and creditors. cash and deposits are measured at the cash amount expected to be received or paid, as apProprte. Financial instruments comprising listed investments are measured al their market ¥alue. Liabilities a recognised as soon as there is a legal or constructive Oblatn commitb'ng the charity to pay out resources. Page 6
- TANGIBLE FIXED ASSETS Land Freehold Building Total Cogt At 1 October 2022 DisF4)sals At 30 September 60,OC 2023 60.(M)O 375,321 435,321 375.321 435.321 D•pro¢thtlon At 1 October 2022 Charg8 for year On disposals At 30 September 2023 316.351 316,351 9,383 325.734 325,734 Net book value At 30 September 2022 At 30 September 2023 80.000 58.970 118.970 60,000 49,587 109,587 The Charity owns the freehokl premises at 16 8tr*den StreeL London SE114DS. from which it operates.
- INVESTMENTS M&G Charlfund Bl•¢kRock Charffrak Total Value at 1 October 2022 84,956 82.697 167,654 GainllLossl ¢)n revaluation at 30 September 2023 12,215 21,161 Value at 30 September 2023 93,2 94.912 188.814 Page 7
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 5. TRUSTEE EXPENSES Four (three in 2021-22) of the Trvstees were re-imbursed during the year out of pocket expenses incurred from third parbes of £6,4791£2,428 in 2021-22). None of the trustees have been paKI any remuneration, bul in accordance wrth sect 6121 (g) of the chanty'$ conslitutr'on they did receive the same modest allocation of points for their service on the Commrttee as other memberyJ of the Committee, which can be redeemed against use of the charity's facilities, P4e8