## **REPORT 1 FEBRUARY 2023 - 31 JANUARY 2024**
Martin Keene approached the Foundation in May 2021 asking if we would commission the third Gin No Nagare (Japanese for _Flowing Silver_ ). This was a hand-raised silver carafe where the second was more complex from the first and the third was to be an even greater challenge. The carafe started life as a circular piece of metal and was shaped into its present form as a carafe with a hammer. There are no seams which have been soldered.
During the year, three exhibitions were staged, two in conjunction with the Hand Engravers Association of Great Britain and one solo event. The first Hand Engravers exhibition was in the Yorkshire Dales at the auction house Tennants. TPSC lent a dozen high-quality engraved pieces. There was a good footfall, and as the curator of TPSC, I gave two talks. The exhibition was staged from 9 July to 6 August 2023. It then moved to Edinburgh to feature at Elements, a festival of gold and silver staged by the auction house Lyon & Turnbull and STG from 27-29 October 2023.
It was a pleasure to contribute an essay to Rauni Higson’s exhibition catalogue – _Illuminating Silver_ . The exhibition was staged at Craft in the Bay, Cardiff from 9 September – 29 October 2023. I gave a short talk at Rauni’s request.
The solo exhibition was held at Noonan Mayfair, the specialist numismatic auction house which has added jewellery and silver to its repertoire. It featured
Registered Office: 111 New Union Street, Coventry, CV! 2NT Registered Number: 07074544 | Registered in England Registered Main Charity Number 1136757
only the work of Gerald Benney and Stewart Devlin, the two leading smiths in the Renaissance of British silver design after World War II. The highlight of the Benney was a run of over 60 gold and silver boxes from 1952 (his first) to 2000. Such a run is unrivalled globally. The highlight of Devlin’s pieces were three brandy warmers of differing shapes he made at the Royal College of Art in the late 1950s to show his skill at hand-raising silver. The final one was located a few weeks before the exhibition opened. See which has a link to the catalogue https://www.noonans.co.uk/news-and-events/pearson-silver-exhibition/
**A set of six goblets by Jussuf Hussein Abbo with alternating silver and silver gilt bands, and turned stems on conical bases. London 1970.** Abbo was born in 1935 and studied painting at Brighton College of Art from 1956-60. He worked at the V&A as a conservationist from 1963-4 and as a silver designer for William Comyns from 1967-9. In the 1970s he became a professional graphic artist and a freelance silver designer. He subsequently moved to the USA with his family to concentrate on graphic art.
**A Gerald Benney 18-carat gold and enamel circular box, London 1975**
## **MORE……..**
Registered Office: 111 New Union Street, Coventry, CV! 2NT Registered Number: 07074544 | Registered in England Registered Main Charity Number 1136757
With red translucent enamel over a sunburst ground. Master enameller’s mark for Alan Alfred Evans. Diameter 5cm, weight 111 grams. In a Benney leather case.
## _John Pearson Andrew, Director_
Registered Office: 111 New Union Street, Coventry, CV! 2NT Registered Number: 07074544 | Registered in England Registered Main Charity Number 1136757
Registered number: 7074544
**THE PEARSON SILVER FOUNDATION UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024**
Hills & Co Accountants
## **The Pearson Silver Foundation Contents**
||**Page**|
|---|---|
|Company Information|1|
|Accountant's Report|2|
|Profit and Loss Account|3|
|Balance Sheet|4|
|The following pages do not form part of the statutory accounts:||
|Trading Profit and Loss Account|5|
**The Pearson Silver Foundation Company Information For The Year Ended 31 January 2024**
|**Director**|Mr John Andrew|
|---|---|
|**Company Number**|7074544|
|**Registered Office**|Union House|
||111 New Union Street|
||Coventry|
||West Midlands|
||CV1 2NT|
|**Accountants**|Hills & Co Accountants|
||9 Hawkes Piece|
||Harvington|
||Evesham|
||Worcestershire|
||WR11 8HW|
Page 1
## **The Pearson Silver Foundation Accountant's Report For The Year Ended 31 January 2024**
In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 January 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
## Date
Hills & Co Accountants 9 Hawkes Piece Harvington Evesham Worcestershire WR11 8HW
Page 2
**The Pearson Silver Foundation Profit and Loss Account For The Year Ended 31 January 2024**
|**TURNOVER**
Other income
Staff costs
Other charges
**NET PROFIT**|**2024**
**£**
37,145
6,261
(679)
(12,887)
29,840|**2023**
**£**
33,500
6,729
(145)
(8,436)|
|---|---|---|
|||31,648|
Page 3
## **The Pearson Silver Foundation Balance Sheet As At 31 January 2024**
|Fixed assets
Current assets
Creditors: Amounts Falling Due Within One Year
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**CAPITAL AND RESERVES**|**2024**
**£**
591,177
34,585
(13,477)|**2023**
**£**
552,119
39,442
(9,116)|
|---|---|---|
||21,108|30,326|
||612,285|582,445|
||612,285|582,445|
||612,285|582,445|
## **Notes**
## 1. **General Information**
The Pearson Silver Foundation is a private company, limited by shares, incorporated in England & Wales, registered number 7074544. The registered office is Union House, 111 New Union Street, Coventry, West Midlands, CV1 2NT.
2. **Average Number of Employees**
Average number of employees, including directors, during the year was: NIL (2023: NIL)
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions.
On behalf of the board
Mr John Andrew
Director
Date
Page 4
## **The Pearson Silver Foundation Trading Profit and Loss Account For The Year Ended 31 January 2024**
|**TURNOVER**
Sales
Other trading income
**OTHER INCOME**
Other operating income
Interest receivable and similar income
**STAFF COSTS**
Travel expenses
**OTHER CHARGES**
_Other direct costs:_
Repairs, renewals and maintenance
_Premises expenses:_
Rent
_General administration costs:_
Computer software, consumables and maintenance
Computer software costs
Printing, postage and stationery
Advertising and marketing costs
Accountancy fees
Professional fees
Bank charges
Charitable donations
Sundry expenses
**NET PROFIT**|**2024**
**£**
**£**
34,350
2,795
37,145
6,092
169
6,261
43,406
679
(679)
100
3,005
225
18
443
4,738
1,176
2,014
61
700
407
9,782
(12,887)
29,840|**2024**
**£**
**£**
34,350
2,795
37,145
6,092
169
6,261
43,406
679
(679)
100
3,005
225
18
443
4,738
1,176
2,014
61
700
407
9,782
(12,887)
29,840|**2023**
**£**
**£**
32,000
1,500
33,500
6,690
39
6,729
40,229
145
(145)
480
3,005
-
-
826
175
1,383
915
60
1,592
-
4,951
(8,436)
31,648|**2023**
**£**
**£**
32,000
1,500
33,500
6,690
39
6,729
40,229
145
(145)
480
3,005
-
-
826
175
1,383
915
60
1,592
-
4,951
(8,436)
31,648|
|---|---|---|---|---|
||6,092
169||6,690
39||
||679
100
3,005
225
18
443
4,738
1,176
2,014
61
700
407||145
480
3,005
-
-
826
175
1,383
915
60
1,592
-||
|||43,406
(679)
(12,887)||40,229
(145)
(8,436)|
||9,782||4,951||
||||||
|||29,840||31,648|
Page 5
The
PrAPYpartnership
PAFThIERING BUSINESS GRoWH & DEVELoPmEr
AccouNTS TAXATION BOOKKEEPING VAT & PAYROLL
BUSINESS CONSULTANCY
COMPANY FORMATIONS
Your Ref..
Our Ref..
ARYrrpsFIIER24
3 July 2024
Marlene Hills
Hills & Co Accountants
9 Hawkes Piece
Harvington
Evesham
Worcester8hire
WR118HW
Dear Marlene,
Tho Pearson Sllver Foundatlon Independent Examlners Report
Further to your recent instruction8, please find enclosed an Independent Examiners Report, in the prescribed
fonnat, duly signed by myself.
I'm also taking this opportunity to enclose a note of my charge8, in this matter.
If I can be of any further assistance, please feel free to come back lo me.
Kind regards,
Alan Young
The Praxls Partnershlp Llmlted
FREEPHONE: 0800 069 9601 FREEFAX: 08(X) 069 9602 Out Of Hours: 07472 757126 Email: info@thepraxispartnership.com
www.thepraxispartnership.corn
ALCESTER
TELFORD
BIRMtNGHAM
The Praxis Partnership Limited, Registered In England & Wales, Company Number.. 11093796.
Registered Office.. Minerva Mill. Station Road, Alc¢ster, Warwickshire, B49 5EJ