THE CAMERA CLUB
Reglstered Charitable Incorporated Organisation
1174805
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

ANNUAL REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024
Charlty Name and Number
The Camera Club
Registered Charitable Incorporated Organisation number 1174805
Charity's principal address
16 Bowden Street, London SE114DS
Trustees
The trustees who have served during the financial year (and until Ihe date of this report) were:
Mr Philip Clark
Ms Lucy Reeve
Mr Paul Smith
Mr Steve Ullathorne
Structure, Gov•rnanc• and Management
The Camera Club was registered as a charitsble incorporated organisation on 22 September 2017. and started
operating in this fomi on 1 October 2017. Previously the activities had been operated as an unlncorporated
assoclation. On 1 October 2017 a company owning the freehold premises where the Camera Club operates, the
Camera Club Limlted. became a 100Yo subsldlary of the charity. On 31 January 2018 the property and other assets
and liabilities of the Camera Club Limited were transferred to the charity. On 28 August 2018 the Camera Club
Limited was dissolved. This re-organisation has slmplified the govemance of the charity.
The trustees are appointed by the members of the charlty. No staff are employed by the charity, and it relies on the
assistance of volunteers for its activities to operate.
Objectlves and Actlvltles
The objects of the charity as set out in its constitution are..
For the public benefit. to advance education in the theory and practice of the art and science of photography, in
particular by providing or assisting in the provision of educational, instructional and leaming activities and
inexpensive photographic facilities in London.
The Gharity provides two studios, four darkrooms and a digital 5Ulte for use by photographers of all abilities
inexpensively in London. It also hosts a gallery. in which there are regular exhibitions of photography over the year.
It is also available for use by extemal ne￿OrkS of photograph8rs and local community groups, and is used to host a
variety of activit18s for m8rnbers to leam more about varied aspects of photography.
When planning new activities the Trustees have considered the Charity Commission guidance on public benefrt.
Achievements and Perforn)ance
This has been a pleasingly successful year at the Club, with the Club's facilities reasonably well used and many
members have participated in a broad range of Club activities. Membership has continued to grow for a second
successwe year. It is possible to book studios and darkrooms online as well as by contacting the steward on duty
at the Club. There has been a good range of exhibitions in the Club's Gallery. The popular winter and summer
Members exhibitions were held. There have been significant improvements to the Club's building. with a new look
to the Gallery, redecoration of several areas. a new central heating boiler and repairs to the building's roof.
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The Trustees recognise the contribution of many individuals who have given their time voluntarily so that the charity
can fvnction. especially those who have acled as stewards lo enable the Club to be open. Particular thanks are due
to those who have served on the Committee during this year: Nick Andrews. Phil Clark, Gavin Fernandez, Felix Hall
Close. Stuart Hull. Marco Masetti, John Neilson, Lucy Reeve, Phil Robertson, Gabe Simon. Phil Taylor, Steve
Ullathorne and Monica Walker Vadillo.
Some £30,000 has been spent on improving the Club's building and facilities this year. and including this the Club
made an operating loss of expenditure over income for the year of £17,058. However, the Club's investrnents
increased significantly in value for a second successive year, in this year by £24.605. So the overall outcome was
a m(xJest surplus of £7.545. During the year the Club opened an investment account at CCLA so that the bulk of its
funds not immediately required are invested for the medium term.
In May 2018 the Trustees agreed an investment policy for the charity. recognising that each year the charity aims to
break even, recognising that maintenance expenditure will vary from year to year, and that a surplus is aimed for in
years with low maintenance expenditure. The policy is that sufficient cash and liquid funds should be in place to
meet likely working capital needs and short-temi foreseeable maintenance expenditure, with the remaining reserves
invested in a suitably diversified manner to mitigate risk.
Declaratlon
The trustees declare that they have approved the tru8tee8' report above.
Slgned on behalf of the charlty's trustees:
Mr Stephen Ullathome Scott
Trustee
Mr John Neilson
Secretary & Honorary Treasurer
?0?¥
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INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS
Report to the trustees of the Camera Club on the accounts for the year ended 30th September 2024 set out
on pages 4 to 8.
Respective responsibilities of the trustees and the examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an
audit is not required for this year (under section 144(2) of the Charities Act 2011 (the Act)) and that an independent
examination is needed.
It is my responsibility to
. examine the accounts (under section 145 of the Act),
to follow the procedures laid down in the General Directions given by the Charity Commission (under section
145(5)(b) of the Act), and
. to state whether particular matters have come to my attention.
Basls of ind8pendent examlnerfs statement
My examination was carried out in accordance with General Dir8Ctions given by the Charity Commissioners. An
examination includes a review of the accounting records kept by the charity and a comparison of the accounts
presented with those records. It also includes consideration of any unusual items or dlsdosures in the accounts,
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 audit. and consequently no opinion is given on whether the accounts
show "a true and fair view. and the report Is limited to those matters set out in the ststement below.
Independent examln8r's statement
In the course of my examination, no matter has come to my attention
1) which gives me reasonable cause to believe that in. any material respect. the requirements
. to keep proper accounting records in accordance with section 130 of the Act and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of
the Act
have not been met.. or
2) to which, in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to
be r8ached.
Heather Cheesman FCA
104 Stockbridge Road
Chichester
W. Sussex
P019 8QP
Eo2<
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STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 SEPTEMBER 2024
2024
2023
INCOME
Membership Sub￿riptIOnS
Studio facilities
Darkroom facilities
Digital suite
Workshops & Events
Gallery
other
21,131
24,300
2,732
254
4.770
1.208
17.475
23.544
1.887
170
3,542
270
6.275
60,669
46,894
LESS: EXPENDITURE
Studio
Darkroom
Digital
Journal
Workshops & Events
Printing, Postage & Stationery
Maintenance & Property Repairs
Catering
Cle8ning & Laundry
Archives
GallerylExhibition
Rates
Gas, Electrlcity & Water
Phone & Broadband
Computers & IT
Insurance & Alamis
Bank charges
Depreciation
Accountancy & Professional fees
Miscellaneous
1,748
909
50
1,999
237
120
2,293
633
30,032
247
8,032
190
457
239
5,717
2,074
787
6,502
1,658
9,383
500
824
445
4,105
580
7.275
334
3,702
2,114
1.616
5.941
1.393
9,383
500
6,275
77,729
40,570
OPERATING INCOMEI(LOSS) FOR THE YEAR
(17,059)
6,324
Gain l(Loss) on revaluation of investments
24.605
21.161
OVERALL NET INCOMEI(LOSS) FOR THE YEAR
27.485
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BALANCE SHEET
AS AT 30 SEPTEMBER 2024
2024
2023
Note
FIXEDASSETS
Tangible assets
Investments
100,204
293.419
109,587
188,814
393,623
298,401
CURRENT ASSETS
Prepayments
Bank account
PayPal account
Cash in hand
2,574
13,495
2,191
101,593
182
103
564
16,632
104.069
CURRENT LIABILITIES
Creditors due within one year
1,525
1,286
NET CURRENT ASSETS
15,107
102,784
TOTAL NET ASSETS
408,730
401,185
FUNDS OF THE CHARITY:
UNRESTRICTED RESERVES
At 1 October 2023
Surplusl(Loss) for the year
401,185
7,545
373.700
27.485
408,730
401.185
Signed on beha5f of the Trustees by:
Mr Stephen Ullathome Scott
Trustee
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NOTES TO THE FINANCIAL STATEMENTS
FOR THEYEAR ENDED 30 SEPTEMBER 2024
1. BASIS OF PREPARATION
The accounts have been prepared in accordance with Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102}, with the Ststement of Recommended Practice.. Accounting and Reporting by Charities
preparing their accounts in accordance with FRS 102 and with the Charities Act 2011.
The accounts have been prepared under the historical cost convention. except for the revaluation of investments.
The Camera Club is a public benefit entity within th8 meaning of FRS 102.
2. ACCOUNTING POLICIES
The principal accounting policies are set out below:
Income is included in the Statement of Financial Activities (SOFA) when:
. the charity becomes entitled to the income.,
. the trustees are virtually certaln that they will receive the Income; and
. the monetsry value can be measured with sufflcient certainty.
Where Income has related expenditure, the Income and related expendlture are reported gross In the SOFA.
Donations are included in the SOFA only when the charity has unconditional entitlement to the resources.
Investment income is included in the accounts when receivable. Investment gains and losses include any gain or
loss on the sale of investments and any gain or loss resulting from the revaluing investments to market value at the
end of the year.
Tangible fixed assets are measured at cost less accumulated depreciation, except in the case of the fr88hold land,
which is not depreGiated. Buildings are depreciated on a straight line basis over 40 years. and improvements to
buildings over 5 y8ars. Financial instruments comprising debtors and creditors. cash and deposits are measured at
the cash amount expected to be received or paid. as appropriate. Financial instruments comprising listed
investments are measured at their market value.
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out
resources.
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3. TANGIBLE FIXED ASSETS
Land
Freehold Buildlng
Total
Cost
At 1 October
2023
Disposals
At 30 September 60,000
2024
60.000
375.321
435,321
375,321
435,321
Depreclatlon
At 1 October
2023
Charge for year
On disposals
At 30 September
2024
325,734
325,734
9,383
9,383
335,117
335.117
Not book value
At 30 September
2023
At 30 September
2024
60.000
49.587
109,587
60,000
40,204
100,204
The charity owns the freehold premises at 16 Bowden Street, London SE114DS. from which rt operates.
4. INVESTMENTS
M&G
BlackRock
CCLA COIF
Charifund ChariTrak Charity Invesl Fund
Totsl
Value at 1 October
2023
93.902
94,912
188.814
Acquisition
80,000
80.000
Gainl(Loss) on
revaluation at 30
September 2024
11.899
12,249
457
24,605
Value at 30 September
2024
105,801
107.161
80,457
293.419
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NOTESTOTHE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
5. TRUSTEE EXPENSES
Three (four in 2022-23) of the Trustees were re-imbursed during the year out of pocket expenses incurred
from third parties of £3,069 (£6,479 in 2022-23) None of the trustees have been paid any remuneration, but
in accordance with section 6 (2) (g) of the charity's constitution they did receive the same modest allocation
of points for their service on the Committee as other members of the Committee, which can be redeemed
against use of the charity's facilities,
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