THE CAMERACLUB
Reglstered Charitable Incorporated Organisatlon
1174805
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025

ANNUAL REPORT FOR THE YEAR ENDED 30 SEPTEM8ER 2025
Charlty Name and Number
The Camera Club
Registered Charitable Incorporated Organisation number 1174805
Charty's principal address
16 Bowden Street, London SE114DS
Trustees
The trustees who have served during the financial year {and unts'l the date of this report) were..
Mr Philip Clark
Ms Lucy Reeve
Mr Paul Smith
Mr Marcus Tate (from 2 March 2025)
Mr Steve Ullathome
Structure, Governance and Management
The Camera Club was registered as a charitable incorFM)rated organisation on 22 September 2017, and stsrted
operating in this form on 1 October 2017. Previously the activities had been operated as an unincorporated
association. On 1 October 2017 a company owning the freehold premises where the Camera Club operates, the
Camera Club Limited, became a 100 /0 subsidiary of the charty. On 31 January 2018 the propety 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-organisab'on has simplified the govemance of the charity.
The trustees are appointed by the Members of the charity. No staff are employed by the charity, and it relies on the
assistan￿ of volunteers for its activities to operate.
ObJectlv88 and Activltl88
The objects of the charty as set out in rts constitution are:
For the public benefit, to advance education in the theory and Practi￿ of the art and science of photography, in
particular by providing or assists'ng in the provision of educats'onal. instructional and learning activities and
inexpensive photographic facilities in London.
The charity provides two studios, four darkrooms and a digrtal surte 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 ft)r use by extemal networks of photographers and local community groups, and is used to host a
variety of activities for members to leam more about varied aspects of photography.
fithen planning new activities the Trustees have considered the Charity Commission guidance on public benefit.
Achievements and Perforniance
This has been another SUC￿ssful year at the Club, with the Club's facilities reasonably well used, and many
members have participated in a broad range of Club actNrties. Membership has continued to grow for a second
successive year. It is possible to book studios and darkrooms online as well as by contscting the steward on duty
at the Club. There has been a good range of exhibikn'ons in the Club's Gallery, wtth a special exhibition prepared for
the Club's 140th anniversary. The popular winter and summer Members exhibitions were held. There have been
significant improvements to the Club's building. with some £12.000 spent on property improvements and
Page 1

maintenan￿. These include a new intruder alarn system, a new hanging system and projector for the Gallery,
much faster broadband throughout the Club, and significant expenditure on darkroom facilities and printing.
The Trustees ￿cOgnise the contribution of many individuals who have given their ts.me voluntsrily so that the charity
can function, especially those who have acted as stewards to enable the Club to be open. Particular thanks are due
to those who have sep4ed on the Committee during this year. Nick Andrews, Phil Clark. Gavin Fernandez, Mark
Grey, Felix Hall Close, Marco Masetti, John Neilson. Lucy Reeve, Gabe Simon, Marcus Tate, Rod Tidman, Steve
Ullathorne and Monica Walker Vadillo.
The Club increased its prices for using studios and darkrooms at the beginning of the year, after a decade without
an increase, and the cost of membership has remained unchanged. These increases have not had a noticeable
impact on activity levels. and as a result the Club made a modest operating surplus of income over expenditure for
the year of £8,268. Reflecting global markets. the Club's investrnents increased significantly in value, by £29,392.
So the overall outcome was healthy. During the year the Club opened a deposrt account at HSBC so that interest
can be eamed on funds not required in the short temi.
In May 2018 the Trustees agreed an investrnent policy for the chanty, recognising that each year the charity aims to
break even, recognising that maintenano 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-tem foreseeable Maintenan￿ expenditure, with the remaining reserves
invested in a suitably diversified manner to mitigate risk.
Declaration
The trustees declare that they have approved the trustees, report above.
Signed on behalf of the charty's trustees..
Mr Stephen Ullathome Scott
Trustee
Mr John Neilson
Secretary & Honorary T￿aSurer
202é
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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 2025 set out
on pages 4 to 8.
Respectlve responsibilitles 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 DI￿tionS 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 Independent examlnerfs ststoment
My examination was carried out in accordan￿ with General Directions given by the Charity Commissioners. An
examination includes a review of the accounts'ng records kept by the charity and a comparison of the accounts
presented with those records. It also includes consideration of any unusual items or disclosures in the accounts,
and seeking explanations from the trustees concerning 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 statement below.
Independent examlnevs 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 accounts'ng records in accordan￿ with section 130 of the Act and
. to prepare accounts which accord wrth the accounting records and comply with the accounts'ng 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 reached.
Heather Cheesman FCA
104 Stockbridge Road
Chichester
W. Sussex
P019 8QP
202
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STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 SEPTEMBER2025
2025
2024
INCOME
Membership subscriptions
Studio facilities
Darkroom facilities
Digital suite
Workshops & Events
Gallery
Bank interesUOther
22,396
30,204
3.879
438
3,823
1,894
21,131
24,300
2.732
254
4,770
1,208
6,275
201
62,836
60,669
LESS: EXPENDITURE
Studio
Darkroom
Digital
Joumal
Workshops & Events
Printing, Postage & Stationery
Maintenance & Property Repairs
Catering
Cleaning & Laundry
Archives
GallerylExhibition
Rates
Gas, Electricity & Water
Phone & Broadband
Computers & IT
Insurance & Alarms
Bank charges
Depreciation
Accountancy & Professional fees
Miscellaneous
2,021
1,754
736
1,748
909
50
950
314
11,970
600
7,934
20
1,514
2,293
633
30,032
247
8,032
190
457
239
5,717
2,074
787
6,502
1,658
9,383
500
6,275
4,763
1.896
1.471
1,532
9,383
500
54,568
77,729
OPERATING NET INCOMEI(LOSS) FOR THE YEAR
8,268
(17,059)
Gain l{Loss) on revaluation of investments
29.392
24,605
OVERALL NET INCOMEIILOSS) FOR THE YEAR
37,660
7,545
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BALANCESHEET
ASAT30 SEPTEMBER 2025
2025
2024
Not•
FIXED ASSETS
Tangible assets
Investments
90,821
322,811
100,204
293,419
413,632
393,623
CURRENT ASSETS
Prepayments
Bank account
Deposit account
Cash in hand (including PayPal)
2,747
15,743
15,187
42
2,574
13,495
564
33.720
16,632
CURRENT LIABILITIES
Creditors due within one year
1,525
NETCURRENT ASSETS
32,758
15,107
TOTAL NET ASSETS
446,390
408,730
FUNDS OF THE CHARITY:
UNRESTRICTED RESERVES
At 1 October 2024
Surplusl{Loss) for the year
408,730
37,660
401,185
7,545
446,390
408,730
Signed on behalf of the Trustees by:
Mr Stephen Ullathome Scott
Trustee
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1. BASIS OF PREPARATION
The accounts have been prepared in accordance with Financial Reporting Stsndard 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 Charits"es Act 2011.
The accounts have been p￿pared under the historical cost convents'on, except for the revaluation of investments.
The Camera Club is a public benefit entty within the meaning of FRS 102.
2. ACCOUNTING POLICIES
The principal accounting policies are set out below..
Income is included in the Statement of Financial Activikn'es (SOFA) when:
the charity becomes entitled to the income"
. the trustees are virtually certain that they will receive the income" and
. the monetary value can be measured with sufficient certainty.
IM)ere income has related expenditu￿, the income and related expenditure 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 freehold land,
which is not depreciated. Buildings are depreciated on a straight line basis over 40 years, and improvements to
buildings over 5 years. 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 obligatK>n committing the charity to pay out
resources.
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3. TANGIBLE FIXED ASSETS
Land
Freehold Building
Total
At 1 October
2024
Disposals
At 30 September 60,000
2025
60,000
375,321
435.321
375,321
435,321
Depreclatlon
At l October
2024
Charge for year
On disposals
At 30 September
2025
335,117
335.117
9.383
9,383
344,500
344,500
Net book value
At 30 September
2024
At 30 September
2025
60,000
40.204
100,204
60,000
30,821
90,821
The charity owns the freehold premises at 16 Bowden streec London SE114DS, from which rt operates.
4. INVESTMENTS
M&G
Charifund
BlackRo¢k
CCLA COIF
ChariTrak Charity Invest Fund
Total
Value at 1 October
2024
105,801
107.161
80,457
293,419
Acquisition
Gainl(Loss) on
revaluation at 30
September 2025
14,390
16,231
{1,229)
29,392
Value at 30 September
2025
120,191
123.393
79,227
322,811
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NOTES TO THE FINANCIAL STATEMENTS
FOR THEYEAR ENDED30 SEPTEMBER 2025
5. TRUSTEE EXPENSES
Three (three in 2023-24) of the Trustees were r&imbursed during the year out of pocket expenses incurred
from third parties of £8,906 (£3,069 in 2023-24). None of the trustees have been paid any remuneration, but
in accordance wrth section 6 {2) (g) of the charity's consbtution they did receive the same modest allocation
of points for their Servi￿ on the Commrttee as other members of the Commtttee, which can be redeemed
against use of the charity's facilib'es.
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