COMPANY REGISTRATION NUMBER 00269085 REGISTERED CHARITY NUMBER 260467 INSTITUTE OF AMATEUR CINEMATOGRAPHERS LIMITED(THE) (A COMPANY LIMITED BY GUARANTEE) FINANCIAL STATEMENTS 30 APRIL 2025 "AEV7VZZS" 21101 26 COMPANIES HOUSE
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BELL TINDLE WILLIAMSOIY LLP Chartered Accountants and Registered Audito[5 The Old Post Office 63 Saville Street North Shields Tyne & Wear NE30 IAY
]NSTtTUTE OF AMATEUR CINEMATOGRAPHERS LIMrfE A COMPANY LIMITED B Y GUARANTEE FOR THE YEAR ENDED 30 APRJL 2025 coNrEN Re[ ofthe TnLStees Irtdepcndent Exwntncrfs Re to th¢. Tnrste¢s 10 stenl of FinarKiaJ Activities Balance She 12 Nor&s to the Financtal Sta*tttnts 13-22
Page I INSTfnJTE OF AMATEUR CINEMATOGRAPHERS LIMITE A COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025 THE The tnLStees arc plesed to presthli their at)ffiual report togetkn with the fEnancial ststements of the charity for the year End 30 April 2025 whith prepara to meet th¢ for a dtrectots, rttx)rt and financial 5ratellts for Coryanies ActPUTP05es. 'Tht financial statements comply with thc c¢S Act 201 l. thc Companie5 Act 2006. th¢ MeTnoraDdum and Artt¢les of Assotiaiion. and the cbarities Sthtenxn¢ of Romdtd Practice {applkcable to cbarities preparing their financial statements in accordanc£ with the FinwKiat Rcporting standa applicablc th¢ UK and R¢public of Ir¢l8ttd: FRS 102) Lssued in October 20l9.rij Ollr Pu osu Activitie Ptsrposes aMdAI# The Charitys obi¢ct and its PTirtip&l adivity tffitinues ty be that of the promotion, advattc£tr£nt aThd i1mVeenI of g¢n¢ral educAtion in rtlation to all pects of cin¢mtop3phyand ¥ssotiad audio and visual the dev¢lopment of public aPpr)Ition of such arts. EMs•Yrt8 04r IYorDélivm OwAi Wc review our airns, obj¢ttives and tltieS cach year. This revicw looks ar what we have achieved and thc outcomes of ow work in the previou5 12 )nth> The rcview looks the 5urrus of key activity and the bellefits that they have brought to those groups of peopk we are Set up to hel The re¥i¢w atso hflps us w cnsuT¢ thai oyr obieuiv¢5 ¥Dd activiti¢5 hav¢ rtm8uKd focused on our stated PUT[5¢& W¢ have r¢feTred to guidancc contsined in the Charity Conrnission's gen¢Tal guidance on public beD¢fit when reviewing OUT aiTN8 and objecrives and in plannin8 our furdre acrivine& In wticular. the tnJstee5 consmler how planned aciivities will tontribute to ihe al and obJeciLves ihey have set. The Foru$ W•rk Our rnain objVe$ for the yw continued to be the ptOTrybti¢)N advanc¢JwJt atLd improvement of 8rnetal education in relaiion to all aspE¢ts of ¢inemawhy and aslated audio visual a. The strategi¢s njeet these objectives included.. RunnitLg tbe Britssh 1nrnaiioa[ AtDW Film F¢s¢ivai atsd Oth ¢veDts thLring the year. PublishiDg the Filtn and Video Maker az HxviDg a fi]Ilyworkable websitewhich memkn aftd the public caD acc. Holding an IAC conyiition tach yt4r. Archiving m¢mkn fihzts of ini¢f¢sL
Pagc 2 INSTrruTE OF AMATEUR CINEMATOGRAPHERS LIMfTE A COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025 ow Our Acti Our rnain activLtifs and who we try to help are described btlow. All our chan"tsble objcdives fwus on promoting ¢incma8[aphyaThd the publi¢.$ appl3110n of su¢h orts. Ivho U5ed4Tr4 Benefvedfv O¥rSer%Yu? The charity encourages and Supp anyon< frnrn beginner exm who makes films )d AV squceS. It provides newskirs and ron]n to allow people to engage and Share thas. More informtiort abtyjt the services oif¢ml by the ¢han"tyrnay be accessed on the website at www.theth¢.org.u Aehitvemehts and PerformNet The Annual General Meeting t(w)k plx¢ via Zoorn on Sunday I lth Novembet 2024, followed by the well-supponed Members, Voices session. A5 with the 2023 AGM. the onlin¢ format drtw Stronger att¢nd8D¢¢ thao a fxe40-fa¢¢ 8athenn8 mi8ht have. Given its $ucce5s. the 2025 AGM i5 also ¢KpecwJ be h¢ld onlin¢. BIAFF 2025 The 2025 competition ran frorn I Septerrthr to J Isr tkccrth 2024. allwting 217 filrn entries. JudgTrng 0k place online from lthh to 12th January. with results announced on IM March. IAC memtrKr5 ontt again benefltted from free entry before the FaTlybird deadline of 5th November. To ¢4se the judging worklo4 additional judges wwe again recn1itè1llnUna the successbjl approach from the previous Itar. Special thath go Whymao and th¢tire JUdng rearn for their dedicaiion. The festival ran from 21st to 27th April 2025. followng a familiar fi)nnllL onlinc screcnin85 during the wttk. culminatin8 in in4heatre prescntstion5 at the Crescent Thcatre. All we¢keDd screetlings were held in the main atyJi¢OriUm. Atndance remained consistent with prewou5 Jrars. The Carcgory Award W1nrS. Show wa5 once again part of the Festival Dinner and rtteived positive feedback. Plans are in place to repe4t this fomut in 2026. h¢r F51Mmki•% Ev¢Dts Our bi-llK)tsihly Open Film Nishts cotititiue to oitract siron8 Held via ZOO th¢s¢ sessions 1¢0¢ fiitDrnakers to share both uew and 3r¢hival wo Jn July 2024, the IAC IKJstrd another succe55ful 48thour FXID)D>ki Challenge. rec¢iviDg 15 ¢¢)trie5 from across the UK and ovetseLS. Spe¢iaS th&Dks to IAC Patron Paul Kits¢l. FACL for bis ¢Ontributiolls these events and for producing promotional videos foT au our FllTn and Vldeo Mak¢r (F The IAC'S ma82ziDe. Film and Video Maker. ¢1]ne¥ to enjoy robty suppon Member f¢edback renHiN sItIve. with a diver5c mix of articles from l)th IoD8.sthnding and contiiburors. Martin EvaDS ¢onlhnues to exc¢1 as Editor aod DesigDCr.
Page 3 T[r[E OF AMATEUR CINEMATOGRAPHERS LIMITE A COMPANY LIMITED BY GUAIi4NTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31J APRIL 2025 Athi And Pe Membership Mcthhip ContinL5 ¢0 dEtlitte, lar8ety due to the agemg de18phie. While frcc BIAFF cnty has helped #ttrnct new members and slow the decline. it ]Jasn't reversed the tscnd. Suppottsng ow ]Thembers and tlubs Tet)JaiJJs a top priority. The Council wel¢onKs ideas-and J)w¢ imp)rtandy. hands-on helfroM mertkn. FlvAantlal Revlew The StsLeTfLenl of Fin8n¢ial Activities shows 4 deficit of £17.201 for the yeAr (2024 - £16.601) kfore a net inv¢5ttn¢Thl loss of £600 (2024_ £161 gain). Totsl r¢scrvcs aTr £165.814 (2024 - £183,615). Reserves of £5.oc {2024 _ £5,0(K)I are earnarked fof possible fijture work with UNICA IUnioTh Intrmationalc du Cinéma) In thc UL A fvrtherdcsignated serye of £4,223 {2024 . £4,223) is held a result of fimds received from EARJAC. A fiLrthtr designarcd r¢seTVt of £5,523 {2024 . £5.523) repres¢nts the ¢losing fuJ)ds of the NW Reoll. Cash and invesmjents (includiDg nothce and fixed deposit ac¢owits} are £161.78812024- £169.083). The Charity colltinues th exercise stria fiTwKial controls ovcr its costs, and to ¢nswr va]ue for ttKnty. No dividends are payable. Under Clause 3 of the Memrandum of AsgXia(ln M pan of 4ny incoffle may b¢ dr5tributed to the members. N¢ith¢r honoraria nor ¢tlu[M of aoy have been pl to any Ttuse of the awi.ty in respec¢ of their services as Tn]stee. Prillcipal FundingSorc The rnajor soUrS of inc for the chtrity conrinue to E¢ sub5criptMs and nieS rcccived from the CopyTight pro8rarnme. The ujsts asso¢iatcd with producing the Film Video Maker httd offering the Copyright prograt)The the main costs 18so¢iaied th the charity. lnve5lmenfhyrs 4ndPoli In liDe with Chan"ty CorntWSSiOD advic4 the TrSle¢s have adopied a fornxl investnt polkcy for the Cbariry. This was sed at the Council JTWing of 17 July 2011. The Temaindu of this scctiOD SUIM the key elertnts of the policy. The Ch&rity is currently in surplus atsd bistoricalty. and at end funds were invested in bank accounts including intrre5t.ond.norice.deposi¥a¢counts-thtCharitierki"d-FoulldatioJL and a FTSE x-171¢d investment. Re¢en¢ World flnancial cvenL8 have rt5ulkd extreoxely low renjrns from bank deposits and have also highlighted the )tsntial riskslDe¢d for BOV¢llJllnt proteoion of d¢p)5ity in th¢ UK the IiDll"t for protection is £85,000 for th¢ $wD of all tb¢ d¢posits beld by the CbaTity with &Ddividual iDstiwiion.
Page 4 INSTITUTE OF AMATEUR CJNETri4TOCRAPHERS LIMrrED A COMPLNY LIMITED BY GUAIi4NTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025 Under tht Met)mndum and Articles ofAsswiatTron. the Charity thc power invest in arty way the TnLslees wish. Simi]otly, uthd¢r th¢ Ttustee Aci 2000, the TnA5es have a very wide of invesunenL The Tmstres follow the b&sic principleof the Chan"ty Commission. in that thcy takca pnthnt wroach. Whe Providing an income to help the (lty out its purp)5ts cff¢ctivcly in the short term., ar Maintsining an¢L if possible. ¢T¢Ing thc value of the Inv¢strd fiLnts. $0 to enable the Charity to caY out effectivety its puqyJ5es in the longer tem The Twstcts, in mrwging the risk5 F&ed by the Chtrity. mindful to baknce those ri5k5 awdinst the potrntial return$ from particular Inve51m¢nL5, and to bE avoid undue risk to the Charity5 funds by.. Investing onty in markets where financial Services 4T¢ r105ely re. al1¢ comp¢n$4tion schemes are pia¢e.' Having a suitably diversified in¥esmtportfolio' Being particularly wary of making 4culaTive forn of investtrtnL Reporhng on the policies in this Annual Rwrt atld Financial Staments. The TDJstres have regard w the liquidity requirents of operauthg the Charity and to the Reserves Policy of tht Charity. The Tnvesunent Policy adopted by the Truste&% extend5 the Current Tangc of inYtsiTnEnty Trx>vnd dep)sits in banks, building socjeiies, tht Charili&S Aid Foundation attd NatioMI Savings. The Inve5tmEllt Policy is tht the Charitys funds in excess of irrurlItt netsts should be Tmnaged to re the be rctyrns available withiD 8 spread of 1nvc5trrl that.. Ensures available whth required bydayth dayaclivili" Minimises risk by a sprel within the range of perniitted investnnts. and for derK¥sits placed. then also within the protection limit provided by the Depo$it Prote¢tioth FId.. Allows equiry investm¢nt bui only in fslablished unit trusts OT similar fi]nds and to a mlmn of 20% of funds generally available- Penntts iThvestmeni tn fixed intere5r fund of the FfsE 250 eonyiies up to a maxitlxm of 20OA of funds 8¢n¢raily available. Ioitial. annual and any other costs of iDvesiiti8 in sucb fimds are prr]Y cotssidered artsj MiniSe. If appropriate aDd deellLe41 cost<ffe¢tive, thc Tre&sur¢rTwsc¢k ¢tdent advi¢ The Treasur rerx)tt% aDycban8es in iDvestsnemL8 by type attd value to the Council at eacb meeting. orne &om invcsiumts is tdcniifKd as partof the rryE proccss. -ordeptO-dis¢harge"thc-duty"toidoFt-a wudent ackAJowl•Jge theytnusL to the MveslDlli of tht chari.tys funds. Trustees Know their inv¢stri)¢nt powers and poli¢ies: Dis¢harge their duii¢5 properly whcn they tske decisions about invcstmeDts' Have proper arratsiettnts in pi¥e forholdiDg Investmts on bebaifof the Cbarity.
Pag¢ 5 INSTfTUTE OF AMATEUR CINEMATOGRAPHERS LIMrrED A COMPLNY LIMITED BY GUARAN EE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025 Inv£gthieNIPowers AxdPolKy The Trtea are not liable io make good the Clwitys loss si1Y an invtstmeni t))ade by th¢m is unsu¢¢e$s]. However. Tru5ttts tnay be liable JF, In rnaking or retsiniDg the unsuccessful inVesunL they havc ¥ctcd outside the scop¢ of theirwJwer5. or have failed ¢0 discharge th¢ duts.es refeTr¢d kn ¥iKJv¢. Re5ervésPolicydRd Goth8 Comcern The Ttrusiee5 have established the level of Benewal rtserwds (that is th05¢ fwmls that are frc¢ly availabl¢) that tk Ch#rity . 8ht to have. R&serves ar¢ needed to prrteniial gaps. developnxni of the Charity5 activitie4 and to cover nexpect ¢o$t& The cur1 ain) of the TnJsie¢s is w build th¢ genernl fijnd tts a l¢vel cover its (or a period of two and a half ycaTS. Satisfactoryprogress i5 being Rmde tOWdS this objective. Plans for Futllre Perlods We remain mmIt4 swrting our through a ran8e ofiniiiativ4 iThcludin& Publishing a high-qu¥lity Irwirt. Hosting regular events 8t conwetiiii)ns. Managing two websir¢s and muliipl¢ Social chanls. (hganising a WoTldrflS it)ternatLonal film festival. Buildin8 Ptsu5hips with other fiin]m8kin8 ¢NgarttsatiotLs tatye our profile and charyion amate filyrmthing. Our Thank5 The IAC exrends h¢2rtfr1t thanks to ¢voyon¢ WI pr OUT WOTK both on and off the Council. Spr¢iaJ appreciation goes tci: Jart athd Dave Watterson and Martih Evarts for ttir work on the tweb5ite5 Martin Evans for hLS conrributions FVM and ihe BIAFF progranllne Mike WhyThan for his 0rt8oJnB support th BJAFF All our judge5 and f¢shval voh]nteers David Henderson for his work as Company Secmary Our PresideDL Li]xda Gou8h and th¢ ¢lltu¢ IAC Cowi¢ii for their dedication and support It's through th¢ a¢tiv¢ involvemettt ofour rnejrkns thatwe contiM to thrive and pmnh)te the IAC.
Pa8¢ 6 INSTITirrE OF AMATEUR CINEMATOGRAPHERS LIMITE MPANY LIMITED BY GUARAP4TEE REPORT OF THE TRUSTEES FOR THE YEAR EIWED 30 APRJL 2025 Ref ntÈ d Adrninistrtivé Detih ChArity N4mÉ.' The IDStitht¢ of ATrthurCin¢tiyatogr8ph¢r6 Charity RegisrratsoH N4•ber." 260467 CoWyRegtrrf0tt CQ269085 Regiwred OfficeoJJd OperutsoMulAddr¢ss.' Mcctacken Park Grcai North Road (kJ5forth Newcastlc upon TYT NE3 2DT HSBC 54 H?gh Street Surtey KT19 8DS E J. Hrtsh(Kt-Fer¥uson BA FCA Bell Tindle Williatytson LLP The Old Ptsst Offirc 63 Savillt Strcct North Shjelds NE30 IAY Diredors TrnstseS." The Charity is governed by a Council. whose meTtkn a the directots of the tlwitabl¢ ¢otsJpany for the putptsse of the Companies Act. The directOTS is trus*¢5 for the PWF4)s¢ of tharity law aThJ thToughout thi5 relrt are colkciively referred to &8 the TTUSttts. The Tntstees who served during the pr. and fol]owin8thc )rar en4 wert a5 follows: Electrd Truslees." L Gough FACI (Prtsidcnt) S. M. Surnner FACI (Chairnjan) D. A. Heoderson (Tre4sunlCompany S•) M. Wb)qnan FACI A. W. Atkinstin FACI P. E. C. Collitis FACI R. J. Day FACL M. C. H. Gougb FACI IM) T. D. Patrick FACI W. J. (hve J_ William5 FACI l. Bethwl f¢7ppowW 14Aug¥512025)
Page 7 INSTITUTE OF AMATEUR CINEMATOGRAPHERS LIMITE A COMPAI%Y LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025 trueture vtrnance md Mn The Institute of Amateur CincTnatographcrs timid is a comparty limited by guarantee governed by its Mcmordndum and Articles of AssociaiioD dated 6 Iktober 1932. a[nded on 25 F¢bruary and 4 NoY¢mber J972, 8 October 21M)O and 22 0(ttsb¢r 2006. It 15 rcgister&l 0$ a ¢harity with the Charity ConllThi55ion. There no ag¢ limiiati(pn w b#omirt8 member of the Institute and thcre are cwrently lppwximately 9C(I each tsf whom a8ree5 to contribute up to £2 in thc ev¢nt of the Charity winding up. In aCrdanCe with $.1 of the Conyanies Act 1980. the classification chanpj from a public lo a privatr company. The directots of the Company are also charity Trustee5 for the pufF of charity law. UTh(kr the reguir¢nKnts of the Memoralldum and Articles of Association. one-third of Trustees must rwiT¢ by rotation. The Trust¢es 10 retire by rotstion Shall be those who have bc¢n lort8ell in office sinte their last (re) apintMen1. If the VancY of the retiring 1rn5e can[1 bc filkd by onothtr candida theth can be Twpoinied In their original role. Trullees a voted OnLO the cour11 ai the Annual Gtnewal Meeiing. Thc Coun¢il has the p)weT fill vacancies and to opw)int additional TnLStett &8 Ll ctsnsidets fil th do so. All of ihe Tnjsttts wve their tirne voluntarily. New TrStee5 aTt provided with an informatioti contsining aft explanation of role. details of the duries of TTU5tce5 and Director4 link5 for. funher Inform1 on the5c duties. and a ¢opy of the MemoTandum and Articles of Association of the TAC. This is swytKJrted byongoin8 discussion with and advicc from senior rnEmbers of the Council. The Council. which can hav¢ less than 12 And up to 30 adm]nb5T5 the Charity. The Council m¢¢ts quarterly and there are committees and 5utrtrcommitrte& which can I)sary. ThE Insiitute¥ CbainDan and Pr¢%ideDi ovetsee the opttallons of the Cbarity. A General Secre¢W m•nages the day.to. day affairs of the Charity. Onc TrKmber of Council is appJiDd as AdMition Officer to provide close betweell thc Council and the Gcncral Secretary. RisA M4n#gemeRI The trusttts hav¢ nduCted a review of th¢ maioT risks towhicb the charity is ex. As part of the risk maD8geItieDt plas. thc tru5tCe5 Iwvc inylemented a risk nw&8tDxnt Strate wbicth comprises."
Pag¢ 8 INSTITUTE OF AMATEUR CINEMATOGRAPHERS LIMITED A COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025 Risk An armu¥l revicw of the risks thai thetharity may lac¢.' Detailed action plans to rnitigak tho% nsks identifid. and tmpl¢m2ThtatlOD proccdures designed to minimise any powitial iirpct OD the clwity should of thc5c risks matrriaJi5e. During thc th¢ Tn¢¢5 have tske steps to abJre5s spe¢ifK Ti5ks ]lUding.. Coniinuing cff#tive controts over ¢35h. bvdg¢ts aNJ fuwici•l commitmehts. Followin8 a forn invests))eni policy artd proceduTes. Working with the East Anglian Film Arthive to preserve our film ¢hiv¢. Using an ipforrnaiion pack for Truslee IrU¢ll0th and tsainin8. EM$uring that in$tsTae is in place for errgloye¢s and other liabilitiC5. including public liability al natlOn81 tveDts. Complng with thc hc81th 8nd safdy policy of our I&10rd. Prepann8 ourowtL nsk assessment d(urnent. Th¢ Trus¢ees w¢ Satisfi that theyhave tsken all the necewry steps th lesw the risks alTectiD8 the IAC. tn &$ for as it is complerwittry 10 the clwity's objective4 the charity is guided by local policy and prtncrshtP5. The related parties during the fiThancial ytar aT¢ shown in the note5 10 the financial stsiements. Trustees. Re5 n5ibilltle5 in Relation io ihe t8tememts The TTUS1¢¢5 (who are a150 the Director5 for the pur]M)se5 of cowy law) are rtsw>nsibl¢ for preparin8 the TTUStets Annua] Report and the financid in ac¢ordance with appli¢ablc law and Uttityj Kingdom Accountirtg Stsndards (Unityj Kj'ngdorn Gen¢rnJly Acceptrd ArUb"ng Pr8£1ic¢). CoTt4)any law requirey the TTU5tees to prepare financial statsTtThts for e&h financial w which giv¢ a true and fair view of the slate of the affairs of the chan"t8ble cowy as at tht balance shed date and of its incoming r¢sources and applicaiiort of resources. including the surp1$ or defKiL for the fLThancial year. Xn prepaTing thos¢ financial StatnE& the Trw¢es e requird . S¢le¢t suirable a¢UtIng FKJlicies th¢n apptythemconsiswLdy, Obs¢rve the rnetw aod priDcipl¢s iti the Chan"ii¢s SORP: Make sound judnents and ¢stirnates th&t art Tel&ble and prudeDt: Stale whc(bei appkncable UK Accounting StaDd8nts b8ve bc¢n followtd, bit to atly inaterial departures dis¢losed at)d explaitied in th¢ fthancial statements. aDd the financial ststrtnthts on the goiog cooccrn basis unless li is inappropnate to ptesunx that the aritsbk ¢ompany will couliuue in busitL¢5
Page 9 INSTITUTE OF AMATEUR CINEMATOGRAPHERS LIM A COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025 HE s¢w' Re on$lbllltles ID Rel th)n to tbt Fln•mci•l tjitements ((rej The Trustees have overall rwDsibility tTIng that the dwritsbl¢ o)mpany has appropriate and contrtsls, rinancial and othen¥ise. The Trustets also r¢SnSIble for keeping propel accounting e0rdS which disclose with rcasorjable accuracy 3t any time the fLthancial position of the charithble company and w tble I1 to ensure ihat the rinancial staiements comply with thc Compani¢s ACL 26. The TTUStee5 are a150 rwnsible for saf¢8uthin8 the asseLS of the charimblc cowy and for their pmpcr applicatson as requir¢d by charity law. w)d hence for tskiog reasonabl¢ st¢ps to preveDi and delea fraud aT¥J othw iTregulaTiti¢5 and provide re&8onable awrdnGe that: Thc Instituie of Amateur Cin101#Phels is (yTrtingefficienilyand effectively,. All assets safty[thI agaiffjt Wlauthori use ordisposition and are propeAyapplied.. Propel accountLng records are maintaincd and rtnancial inforrniiw used wthin The InsiituQ of Amateur Cinetna¢ogropb¢rs is reljable" and Th¢ tn5tity of Anxteur CinaNtO8whers coff4>1i¢s with relevant and regulation The ¢ru5es are resnSIble for the maintenance and inte]ty of the ¢orporats artd fthancial infornutiott included on the ¢harithble cOmpaths websiie. Lewlaiion in the United Kingdom governing th¢ prepsrntiort and diss¢min8tion of fina181 statetnents may differ from lewlatLon in other jurisdiciion5. The Trusttts, who are DirectOT5 for the Purp of conyny law. and Tnthes for the purp of charity i&w. w seTved during the yearartd up to the date of this re¥ are sei out on page 6. In accordaTKe with conM)any law. &s the conyany'5 Directors. wecertify that.. So far we I aware there is rtltvani infornmtion of wh*h the charitsble cottw8ns independent ex8miner is unaware., and As Directors of the cowy we have taken all the steps we ou8ht to have tsken in order to make ourselves aware of any relcvani inform and estsblish ¢haritys ind¢wdent examiner 1$ awar¢ of that infommtion. It wll b¢ proposfyj at th¢ Annual GeJ¢r31 M¢¢ting that E J. Hartshonx.Fer8uson of B¢ll Tindle Wil]ion)soo LLP will conliou¢ in office a5 thc indweDd cxamincr for the ensuing . This rep)rt was approved bythe board of tr51¢¢5 on 9 NoveDknr 2025 and signed on IL8 behalf by. S. SUMNER FACI ChatrMOIso¢
Pag¢ 10 INSTITUTE OF AMATEUR CINEMATOGRAPHERS LIMrrED A COMPANY LIMITED B Y GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025 HE I report oo the financial sthtements of th¢ Charity for the yur led 30 April 2025 set out on pagcs l i to 22. tive Re$ onsiblilties Df Trustee5 aBd Examin The chariws trustees (who are also the diffctors of the Company for the purp)ses of cotwy jaw) are responsible for the prcpaTaiioll of the finaTLcial ststements. The chan.tys truSS consider thai an auth"r is noi required for the year under 5eclion 144(21 of the Cbarities Act 2011 (the 2011 Act) atsj thar an examination 15 needed. Havittg satisfied Mlf that the clwiry is not subject io audii Part 16 of the Companies Act 2006 alld is eligible (or independent examitiaiion. it is my responsibility to: examine thc finaacial statements undtt 5ectiOD 145 of tbe 2011 ACL" to follow the procedurcs laid dowrt ill the General Lh"rtctions given by the Clwity Cot)mliS5ion under section 145{5Xb) of the 2011 Aci. aTKI to sthte whether panicular rnatt¢rs bave come to my attention. Basis of IDde dent Eminer'S Re My examination was carried out in accordance with the General Dlrections given by the cban.ty Coojmission. An examination includes a review of the accounting Tecords kep( by the clwity and a ¢on]parisoo of the financial staternents preseoted with those records. Ir also includes consideration of any unusual iten]s or disclosures in the fjnancial staiemenis, and the seeking of explanations from you as Irustees concerning any such matters. The pro¢edure$ undenaken do not provide all the evidence that would be required in an audkt and, consequently, DO OPilliQll is yven as io wheiher the flnancial strt¢m¢nts present a true fair view aud the report 15 limited to those matters set out in the statem1 below. Inde ndent EiamiDer'5 Statement In connection with my examination. t)0 matter IS come to my attenuon.. which gives me reayonable cause io believe that. iti MtrIal respeeL the requiremellrs.. (a) to keep aCCOUllling records in accordance with section 386 of the Cort]panies Act 2CK16,. and (bl ¢0 prepare financial statettwits which ¥¢ord with the x¢ouncing cOrdS and comply with the a¢¢ounting requiremeots of secti¢)n 396 of the Compaoies 2006 bave noi been m¢l or y oplon, attentson should be drawn in order to enable a proper UDderstsndin8 of the fMwi¢ial staiemenis (o b¢ r¢ach¢d. Bell Tindle Willian)s()n LLP Chartered Accouniaots and Registered Auditors The Old Pos¢ 63 Saville Street North Shield5 Tyne and Wear NE30 IAY E. J. Hartsborne-Ferguson BA FCA 9 November 2025
Pagell INSTfnJTE OF AMATEUR CINEMATOGRAPHERS LIMITE A COMPANY LIMITED BY GUAIL4NTEE STATEMENT OF FINANCIAL ACTtVlTIES CORPORATING INCOME AND EXPENDrruRE ACCOUN FOR THE YEAR ENDED 30 APRIL 2025 THE trltt 2025 trxted 2024 INCOME: 37279 39.510 Investment inwne 8,322 7.012 Income from Charitable Activitsts 12.321 7,143 TOTAL INCOMING RESOURCLS 53.665 EXPENDITURE: Cost•f Centrating Fund$ Fundrai$ing Costs- Subsuiptiotts 9.377 9.462 Expoditsjre Chwifable Activiti¢s 65.746 60.804 TOTAL EXPENDrruRE 75.123 DEFICIT FOR THE YEAR 117201) (16,601) Net gains / (losses) oft investt)Ktsts {6LN)) 161 NET MOVEMEIYT IN FUNDS FOR THE YEAR 17.801 16.440 RECONCILIATION OF FUNDS: OPENING FUNDS AT 1ST MAY 2024 16 183.615 21I).OSS DEFICIT FOR THE YEAR (17.801) (16.4401 CLOSINC FUNDS AT3OTH APRIL 21125 16 165.814 183.615 The Siatetwtst of Financial Activitie5 includes all gains and losses in the year at thettfore AII iD¢omitig te9)U¢S attd resou derive frorn ¢ontitiUEDg 3Ctivities e 13
Page 12 INSTITiryE OF AMATEUR CTNEMATOGRAPHERS LIMrrED A COMPANY LIMITED B Y GUARANTEE BALANCE SHEET AS AT 30 APRIL 202S Note 25 2024 FIXED ASSETS Tangibl¢ Assets Investsnents Io 15.505 10 31.105 12 CURRENT ASSETS Debiors Cash at and in Hand 13 14 4.143 161.788 165,931 2,023 169.083 171.106 CREDITORS. Amou DUE WITHIN ONE YEAR 15 15.632 J8.606 NET CURRENT ASSETS 150.299 152.500 TOTAL ASSETS LESS CURRENT LIABILMES 165.814 183.615 General Funds DesIated Futhd.. UNtCA ID the UK Designed Fund.. EARIAC FurKI DesIal Ftsnd.. NW Rwon Furxl 151.068 168.869 5.000 4.223 5.523 183.615 5.523 165.814 These finantia] statements have been prePad and deliweTed in accOrdare with the provi5ji)n5 applicable io companie5 Subject to th¢ 5nMII Gompanies. re aT¥J in ¥tOTdant£ FRS 102 Tre FiDancial Kerin$ Standard applicable in the UK aTKi Republic of Irelan¢l. For rhe endiTrB 31Jth April 2W25 the cowy WJS ¢ntitkd w exenyion frorn aLMlii str11¢ 477 of the Conwanies Act relating io small compaTri&s. DirecroT5' le¥$1b11ltsc.' The have not wuirtd the conyDy kn obtain an audit of its finan¢ial statcrnents for th¢ y¢ar in quesTion in OrdanCe with s¢¢tiM 476; The directors a¢knowl¢dBe theht r¢swJosibilities for ¢ot)wlyuJg with the requirem¢ots of the Act with respect w ac£ountiDg )rdS and the prcp3Talion of fitsancial stalcwKn¢S. These f8¢1 stat¢rnents were approvcd by th¢ board of dirtuors aud 3uthorised for issue on 9 Nov¢Jth¢r 2025 and are SIled on their betLallby- S. SUMNER FACI D. A. HENDERSON ChairtDallryrusiee Rw"strntion Nwthw. (m69085 Tlje 13 to 22fornport0fthesef*w£iIJ4Se¢fft$&
Page 13 INSTrrtrrE OF AMATEUR CINEMATOGRAPHERS LIMITED A COMPLNY LIMITED BY GUARANTEE NOTES TO THE FINAI¥CIAL STA TEMENTS FOR THE YEAR ENDED 30 APRIL 2025 HE UIYTIN POLI Th¢ prin¢ipal a¢countin8 tKlicies ad(yted in the preparauon of the finwKial 5th1¢Jrtnts are s¢t out below. Th¢ accouniing policies have applitsl COD5isntlythroughout the year aDd in th¢preIng year. f Pre Aratioo Antil tatemt&ts 'The finaDc471 statemcnts have bttn prepared under the historical cost convention. and in accordance with the Cknilies.. Statemenl of RecOnpnnded Prac1] lapplicablc tts ¢hariti¢s preparing the ac£ounts in accordance with the Fjnancial Rep)rting Standard applicable in the UK and Republi¢ of Ir¢l•nd IFRS 102)) (issu¢d in 0¢be¥ 20191- {Charities SORP (FRS 102)). the Financial Rep)rting Stkndard appliublc in ihe UK and Republic of Ireland IFRS 1021 and the Companies Act 2LXJ6.riJ The Insriture of Amarew cinent08r8pkn n¢ts the definitign of a public be#efii entity under FRS 102. Assets and liabiliiits are iniiiajly rfcogni5ed at hi5toricaJ cost or tran1ll Val unless otherwise Sd in the relevant xcoiiniitt8 )11¢Y note. tion •f the FiDncil StAt C•neern Bs The trustees considcr that there are no rna*rial uncern3inli¢s aErf)ut th¢ Charitys ability th ¢oniinue Is a goin8 concern. There are no Signifint Judnts or key sourtts of th8t hffe¢t the financial
sh Flow Siattn*n
The Trustees have tsken advaouge of the CXCTrytion frorn iluding a cash flow statur1 in the financial statements on the growids that the ctrthrity is SD)a]l. Flxed Ass All fixed assets are initially Tfc4)ttsJ at cost. Depreciation is olculated Io WTite off the cost of fixed assets over the expected usefvl lives of the Sets concerned. The principal arUal rates for this pw. which art consisteni with those of the previous aT, Office Equtptmlt Fixtures and Firtin8S Fibn Libraryatyj Trophic5 25% Stratghr Ltne StsaLghr Lint Nonllnal Vajuc
Pa8e 14 IN[ruTE OF AMATEUR CINEMATOGRAPHERS LIMrrED A COMPAIIry LIMITED BY GUARANTEE OTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EIYDED 30 APRIL 2025 ACCOUNTtI¥ OLI All income is Tecognised once the charity has entitlern1 LO the incoJY4 Jt is prnbable that the income will eceived and the ami)uni of income receivable can be Tcliably. Dooatiw ond 8rants aff rttosDed WI1 the chan.ty has been notified in wniitlg of Ix>th the unt and settIenld%t. In the evthi thal a donatiort is subject to condition5 that require a level of Frfonnance befote the Charity is entitled to the fi]nds, the incorne is deferred a1 not Teeognised uDiiI either th05c ¢ondiiion5 afr fully or the fulfilTrt of those ci>ThditiOllS Is wholly within the control of the charbty and it 15 probable th kn conth"ticA)s will b¢ fvifilled io the feportithg peri Subscrip¢ioo$ re¢eivable are reo)gDistyJ over the which they relate. with any balance attributable to perts afr th¢ bala¢ she¢t dat¢ i11¢4 iD d¢fett Income. Th¢ w incon from dwitsble arfivities is incllld with the &wCIa eXndilre included in haritable costs. IDv¢stsnent In¢0 1$ irtlu¢Jed when rt¢eivabl¢. ditsre Expendilure is recogni5 on¢e therc is a legal or ¢oostsu¢iive obligation to make payTneTht ro a third party. it is probable that 5ettlemeoi will k required and thc a)Unt of the obligation can b¢ tymured reliably. ExpenditurE is t1)rie under the follon8 actIty headin8S. Charitable ex1re coryrises Costs in¢urfed by th¢ ¢harity in the delivery of its a¢tivities and 5crvices. Ir includes both costs thai can be Y411ocated diTertly to Specific depaTtrn¢Dts ¥nd those cosis of an indiT¢cr naDJr¢ ncce558ry to suppon thun. Charitable activities includc expenditurc associad with the publishing of the Charitys nwine. Tilm and Video Makert. staging fllm ftstivals and eompetiiions. providing training and grants. proTrriding infornwtion members and thc public by phon¢. emasl 8T thrtsugh the IACS website. operattng the film librdry and or¢hivt. and encouraging filrn-mth.ng through advising on and adrnini5trring the copyight progrdmmc. Governarte costs irttlude those co$ts &<sociad with meeting the constiwtional and staDJtrJry r¢quirem¢nts of the cbarity and iJ)¢lude the endeD1 ¢xaTJJincr fec and costs link the StrBtegic mallageriienl of the charity. Costs of gcaering fijnds 3re those costs incurred in indu¢ing pcople and orgaru5atious to contribute financially to the Charitys wo. and in tbose activitie8 thai raise fiumjs. This includes the cost of advertiSla8 for tsew nxmbtys. processÈTh8 subscriptson8 atsd don8ttoA%, and the sragirt8 of fi]lldrnising¢vethts. The of LAC ttKcbatsdise is ¥paM¢ty dis¢iosal. Support Costs iti¢lje exnd]rOte on thc mattagent •nd administiatioll of tbe Charity, including the costs of tentiog and n108 office premLSC5. and sa]anes for thinistrdtion staff. Where these costs arE not artributabl¢ ¢0 a siD81¢ a¢tsvity, th¢y ate allLxatyl on a b&sis ¢oThsJsten¢ with the use or tesources. eg staff and pretDise5 Costs apportioned by the time SF( and other sts by their usa8e.
Page 15 INSTITUTE OF AMATEUR CTVEMATOGRAPHERS LIMITE A COMPANY LIMITED BY GLpARANfEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EIWED 30 APRIL 2025 IN POLIC h) Fund Actounti Uftrestricied Funds arc fijnds which we •vai]abSc for use * thE d¥s¢retioD of the tsustees funherance of the general obj¢¢¢ives of the ¢barity and which have not i%cn desIated forother purposc5. Restricted Funds are funds which 8r¢ lo be usd in a¢cordan(x with $pwifi¢ r¢striaiOn5 imposed by their dortots or whi¢h have Taised by the charity for particular puTr05es. The costs ofrtisin8 and adJDinistering such fund5 are char8cd again51 thc 5P¢tifJc fund. i) Finnte radvA Rthltals applicable to operating lea8es are charged to the Ststement of Financial Aaiviiies over the period they are Lncurred. Assets obtsined under finante are capitslised tsngible fixed assets. Obligations under such leas¢$ are included io creditots nei of char8ts aikncad fijtute periods. The fUn¢t elenxnt of each payym)t is char8ed to the Ststeineni of Financial ACtitieS g) &$ to produce a constani periodjc ra on the ei obligaiion outstsnding in each ww)d. J) lTrvestrnents Lisd in•rt$tslts are thowm * mwket value. Investments are a forrn of basic financhil instrumenl and are Lnitially r¢¢¢ignJs¢d at their transaction V¢ artd subsequa]Ily Trsured & their fafrr value a8 at the balance Sheet da using the closing 4)led matket pri. Th¢ StsrDent of financial a¢tivitJes includes the n¢1 8ains and II)sse5 arising on revaluation thr¢)ughout the )rar. k) Irretover¥ble VAT All resources ¢xpended art ¢lwifd under aCtIty headings that awegate all costs relatrd to the ¢aleBOry. Irrecoverable VAT is ¢harged against th¢ cagory of resource5 for which it was )D¢UTl. Prepa)Thcnts are valued at thc aK)Unlof expIlluTE thai is prepaMI. Other dcbtOTS are talculated atrtordingty. ) C4$h Cash atbaDk cornwises funds heid in the ¢kltybAnk aJrreDt aLfQUllt¥md jDreStbring dq)05Lt accounts. Creditors are reCOls¢d whcrc the ¢haTity has a prese[ obliwdtioD resul¢ing frorn a past event thai will probably-rcsult-in-th¢-tran5ftr-of-fiJndsioTr-third-Farwknd-thEativ)iinfdue to setile tbe obligation call be easured or esiimatrd rehalAy. lal ID$tr•JneMts ro the 6ubst8Dce of the contsaemal aTrdngeTr*ni. a5 either financial asseLS or equity 8rD]Ls. An equity it)st[l ts anycojtraci that evideo¢¢s a residual interest iD the 455ets of the towy thr deduciithgalj of its iiabiiities.
Page16 INSTrrurE OF AMATEUR CtNFMATOGRAPHERS LIMTfE A COMPANY LJMITED BY GUARANfEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 LECAL STATUS Th¢ ¢harity is a cornpany limited by gu4Trnw al has no Sha ¢4pilal. The liability of each Tl[¢T irt the eveDt of winding up is limikd £2. DONATIONS AND trRttsd 2024 Subs¢ripttOn$ Gift aid recoverable Don10$ 31.338 5.024 917 31.302 5,194 3.014 37,279 TMENT INCOME 21125 024 Tncome from intere51 ttaring accfjunts 8.322 7.012 8,322 7.012 MEFR M CHARrrABLE A nre5tricted 202 2014 Fc5tivals and competitions cop18ht prwaDJrDe 5.978 6.343 225 6,918 12.321 7.143
Pa8e 17 INSTrrurE OF AMATEUR CINEMATOGRAPHERS LIMTTE A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 21125 HE upp RT MANAGEMENT AND ADMI Uorestri¢i trl¢ted 2024 202 Office rent and xNce5 Administratstsn stsff Inotr 81 T¢thnic41 support and consultancy BACS and reiaied software Chher admihistraiivc ¢OSLS 7.335 14.371 5.660 i.ooi 3,772 6.981 14,753 4.690 1.007 4,468 32.139 31,899 These costs are allocated in support activiue5. a5 shown in the tsb]e below, a b&8is Consisnt with the use of resoltt &8 S¢L OUI No l (g).. restrlcted 2025 nre5trkted 2024 Fundwismg tOSts-5¥bstnp¢ioAs - Splf1¢ alkKations - apportsonThThi of TemainiDgoffi athniuJstsan and stsff costs 709 8JlO 9J77 1.233 9.462 Chartiableéciiviris% - specific alloc&ions - •pt)ment of temaining office. &1mmistrnion and #aff costs (n(b* 8) 815 15.602 16.600 1,4J9 15.087 16,506 Governaprc¢¢osts - independent examinerfs fee5. cowKiI )ng5 and AGM . Worfitinftwtof TemainingoffL4 admitijstration arwj wifcosts 1,907 4255 6.162 .816 4.115 5.931 32.139 CHAIUTABLE AcfiviTILS Unrestrieted Unrestrieted 2025 2024 25.015 10.494 4.452 3.023 1.907 4255 49.146 16.600 25.339 7,530 4,748 750 1,816 4.113 44.298 16,506 Fe5tivab and eorDpctitions CopyTi8ht proryDTt¢ e.b.site inforn)ation_serYice Independent ExaoMneW5 fees. couDcll meetiDgs alld AGM Govcrnance eletDeDr of offics thiDistratioD a1 staff costs T(rta] dite&i costs Support costs allocated clwitsble activitst5 (tlore 6)
Pase 18 INSTITUTE OF AMATEUR CINEMATOGRAPHERS LIMrrED A COMPANY LIMITED BY GUARANTEE ]YOTES TO THE FINAI¥CIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 8 AN si TE NE EMEF4T PERSO EL 2(125 2024 GTOSS larI¢S 14.371 14,753 Total (t)ote 6) No emplorn had •yylo>v knefits in ex¢¢55 of£eQ,) (2024_£nil). D. A. Htnderson received rtTNLneMion of £14,371 12024 £14,753) for hi5 services as treasur¢rldirec(or/company secretary. No retJJunetation, dir¢¢dy or indir¢dJyTr was patd or pay¥bl¢. from tht nds of the Charity anyof its otherTnLSu thiring the year{2024_ £nil). Other than D. A. HendeT50n. no Charity TreeS were or recejved any oth¢r benefLLS from employllrtt with tht clty in tht )tar (2024- £Nil) DeilTrr were Ihey reimbursed txpenses durin8 the year12024- £Nill. The key peiDn¢[ of the drity conyise the Truse5. 9 STAFF NUMBERS The averdg¢ weekly fjumb¢t of staff t10. calculaied as full tiTr quivalents w&$ &$ follow& analysed by typ¢ of activity. Fundrai$ing Charitsble activities GovemarK¢ Th¢ ¢harity do¢s Tt oFtraie a PEDSIOQ schen. 10 NET INCOMINGI OUTGOIF4G RESOURCES FOR THE Y 2024 Opttating l¢ase retttajs. fixd serviced offKe costs itLdcpeDdent exarnin¢rt fees 6.377 1.794 6,016 1,740
Pa8e 19 INSTITtrrE OF AMATEUR CINEMATOGRAPHERS LIMITED A COMPANY LII¥IITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 HE li NCIBIX FTXED ASSE Offiee Llbra hl Firti TA COST As ai 1st May 2024 Additions DEsposals A5 at Joth April 2025 2.612 3(Kl io 2.922 300 10 2,922 DEPRECIATION As ai 15r May 2024 Ch8rge foT year Disposals As ot 30th Apnl 2025 2,612 3(Kl 2.912 2.612 300 2.912 NET BOOK VALUE As at 30th April 2025 10 10 A5 ai 30th Apnl 2024 10 TMENT Investnts Coryist of equities Itrd on a TtCO8ntsed 5wck e¥¢hangc. InVtr1ts are showrt at market value. 024 UK eqtsities 15.505 31.105 13 DEBTORS 202 Accrued intcrcst teccivable 3.899 .796 4.143 2.023
Page 20 INSTITtrrE OF AMATEUR CINEMATOGRAPHERS LIMITE A COMPANY LIMITED BY GUARAI%TEE NOTES TO THE FINJ thCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 HE 14 CASH AT BANK AND IN HAhT) 2025 2024 Current accouni Current accourt( (eotYV¢lition) Instant access accounts (iniertst-bcarin&) Fixed.temi deposit actount Hargrcaves LAE)sdown Redwood account Wise accounts Paypal accounl Bank of s¢odal aC¢(llt 18.088 568 12229 77.823 36.157 l i,O(M) 45 5,878 568 52,905 76.026 18.461 11,000 2.012 161 788 169083 IS CREDrroRS 202S 2024 Deferred incorne- sub5cripiions in advw*e Copyrighi litereS coMlitiOn prize bequest PAYE and NIC Othcrcrcdi¢OTS and accrua15 11.919 1.617 100 202 1.794 15.299 2(M) 256 1.740 15.632 18.606
Pag¢ 21 INSTITifTE OF AMA TEUR CI.NEMATOGRAPHERS LIMITED A COMPLNY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMEIYTS FOR THE YEAR EINDED 30 APRJL 2025 16 STA Fu Blnte Ima nsfers Betweett Balantt 30A rll 20 Ane• Uarestritted Fuads 168.869 57.922 (75.723) 151,068 Des?8nated Fund.. UNICA ITh the UK Lksignthd Fund.. EARtAC Fund Design41ed Fur.. NW Region Fund 4223 4.223 5 J23 5.523 183615 57 922 165 814 UMrsfpid¢d F#ds. GÉéMI The ndS CaD used in •ny way by the tn]st¢es in x¢ordance with the objective5 0(the chaTÈty. DesigKaied F¥Kd.. UNICA irt the UK A £S.(J)O fund ha5 IKen sei ld¢ for fuDJte activities which involve UNICA ith the UK. DesigmC Ftsnd.. EARIAC Fund Thi5 fvnd repT¢sens the closin8 fijnds of the EA]UAC regKJn whi¢h wert r¢¢eival on IY1212014. These fund5 3re to bc repasd to EARJAC shtyjld this reBm ever refonn aNI consty4uentty att shown in a separaly desiad fvr¥J. Desig#4tedF##d.. NWRe8iuR F¥nd This represents the closing of thE NW Rcwi. 17 INDEPENDEP The ithleI exatDtDatton work ¢ODducd tlltsikd a ftt of£l.794. 18 TAXATJOJ¥ A5 a chan"ty. Thc InstiNte of AmteuT CioeDMtOgTapbers is ¢x¢mpt from on iDcome and fal]ing_ within Se¢tion S5 of thè Au 1988 OT seciion 256 of the Taxarion of Chargcable Gains Act 1992 10 the extent that are applled its cbantable Objec No tsx chat8es bavt arisen in Ihe charity.
Pag¢ 22 INSTITUTE OF AMATEUR CLYEMATOGRAPHERS LIMITE A COMPANY LIMITED B Y GUARANTEE NOTES TO THE FINANCIAL STATEIMENTS FOR THE YEAR ENDED 311 APRTL 2025 19 RELATED PARTY TRAN ACTION No tr4Twtions with related Part were undettsken a5 are required to be di5clostd urtder FRS I. MI ULTIMATE CONfROLLINC PAR In the opinion of th¢ trus15. is tk) uliinxtc tontrollin8 party of the clwity other than thc Board itself.