THE SILVER SOCIETY
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Registered Charity No. 1143159
Company No. 07582798
Registered office..
2nd Floor Regis House. 45 King William Street, London EC4R 9AN

THE SILVER SOCIETY
TRUSTEES. REPORT FOR THE YEAR ENDEO 31 MARCH 2024
The Silver Society is a company limited by guarantee Ino. 075827981 and a registered charity Ino.
11431591. The guarantee of individual members is limited lo £1. Its objects are lo advance the education
of the public in the study ol silver and gold articles of all period5, places and kinds, and lo further public
knowledge and appreciation of them. During the year the Society was governed by a committee, elected
al the AGM of Ihe Society, whose members were..
President
Tim Schroder
Chairman
Kirslin Kennedy (Arthur Drysdale retired 271h November 20231
Margaret Brooks
Jonathan Ellis
Sgcrelary
TreasLtrer
Other members" Georgina Agnew. Luke Delmas. Arthur Drysdale, Howard Jones, Lucy Morton, Emma
Paragreen, Andrew Paterson, Chiara Scotto Pasanisi dei Foscarini and Emma Woods. Gordon Hamme,
Matthew Hirst and Alice Minter resigned during the year
Reerui(menl and a
ointment of Iruslees
The Iruslees. who are also directors of the company, consist of the Chairman, Secretary and Treasurer.
The Chaimian. officers and members ol the committee are elected by the members In general meeting.
New trustees undergo orientation to briel them on their legal obligations under company and charty law,
the decision-rnaking proce5se5. the future plans ol the Society and its financial position.
Risk mana
emenl
The Committee formally considered the various risks lo which the Society is exposed and has taken
appropriate steps lo miligale these risks. Such a review is made annually. The Committee are confident
that thè Society have sufficient resources lo weather the current economic climate.
anisational structure
During the year, the Society was govemed by a eornmillee elected al the AGM c)f the Society The Society
also has an Advisory Board, members of which are available lo provide advice conceming the policies and
activities of the Society and on the editorial conlenl of Silver Studies. the Society's annual journal. The
current members of the Board are".
Ellenor Alcorn. David Beasley. Beth Carver Wees. Christopher Hartop, Rod Kelly. James Lornax. Dr Tessa
Murdoch. James Rothwell, Dr Lorenz Seelig, Nuno V8ssallo e Silva and Matthew Winterbottom.

THE SILVER SOCIETY
TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Icontinued}
Activities achievements and ubli
ben
The lunds raised by the Society help lo support the Society's 3clNilies and sponsorship. During the year
the Society published one jOVTnal and three newsletters and educatsonal study visits lo private and public
collections continued to attract a lot of interest. The Society continued to organise a series of le¢lures via
Zoom, which were well and widety supported. The Early Career Sifver Group was sel up lo encourage and
holp youngor p8opl8 int8r•st•d in silvèr and those beginning Ihgir involvomont %wth silver", ils Fngmbership
has steadied al 30 and rt continues lo flourish.
The Iruslees have considered the Charity Commission's general guidance on public benefit when planning
future acliwties and how planned activities will contribute lo the aims and objectives they have sel.
Review of financi
l actiwlies
For the year ended 31¥t March 2024, ttle￿ was a nel 8urplus on the Society's General Fund of £4,198
12023.. deficit £1,7821-, the turnaround largely due to a ￿￿￿CtIon in grant applications and higher depos11-
inlere$l rates. The Society made a gain of £8,887 on ils inveslmenls12023". loss £2.6571.
The Endowment and the Research Funds were credrted ￿th bank interest and investment in￿rne of £225
and £1,612 respectively, plu5 a donation of £650. The Research Fund (includin9 Barker Bequestl made no
grants in 2024 12023.. £12.4161. Other grants and prizes lolalling £5,047 were made in the year12023."
£6,000)
At the end of the year, the Society's total funds amounted lo £213,45712023'. £191.6161.
The s￿Iety has also r￿e1Ve￿ a magnificent legacy Irom one of ils fornier members. Tim Kent. The estate
15 Still in administration and rt is loo earty lo assess ils value at this tsme. so the bequest Mll be reflected in
next year's a￿Ounts. by which time we will have a clearer as to how it can be applied.
icies
The consliluth.on of the Society does not impose any restn'ctions in respect of investment policy. The
Trustees used to maintain all Investments in the fom of irrterest-bearing dep0511s, bul overthe last six years
they decided lo invest £97,500 with COIF Charity Funds in view of the very low interest rates available.
The Society aims to maintain the General Fund al a level at least equal lo the ordinary expenses for
publications, management and administrats'on lof tsyo years.
Approved by the Trustees on 29th May 2024.
K4'rslin Kennedy (Chaimanl

THE SILVER SOCIETY
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SOCIETY
I report lo the charity trustees Dn my examination of the accounts of the charitable company for
the year ended 31 March 2024.
Re$pon$ibllitie$ and basis of report
As the charity Iruslees of the wmpany land also its directors forlhe purposes of company lawl you are responsible
for the preparation of the accounts in accordance wrth the requirements of the Companies Act 2006 I'lhe 2006
Acl'l
Having satisfied myself that the accounts of the charrtable company are not reqLJired lo be audited under part 16
of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your
cornpany's accounts as carried out under section 145 01 the Charrties Al 2011 I'the 2011 Act'l. In carrying out my
examination I have followed the Directions given by the Charity Commission under sèction 14515llbl of the 2011
Act.
Independent exarnlnerfs statement
I have completed rny examination. l eonfirm that no matters have Come lo my attention in conneelion with the
examination giving me cause lo believe that in any material respect..
1. Accounting records have not been kept in respect of the company as required by section 386 of the 2006
Act. or
2. The accounts do not accord with those records., or
3. The accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'true and fair view. which is not a matter considered as part of an
independent examination.. or
4. The accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities applicable lo charities preparing their
accounts in a¢cordance with the Financial Standard applicable in the UK and Republic ol Ireland IFRS 1021.
I have no concerns and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached.
John Howard FCA
For and on behalf of Azels
2nd Floor. Regis House
45 King William Street
London EC4R 9AN
Date..

THE SILVER SOCIEri
STATEMENT OF FINANCIAL AcfiviTIES
FOR THE YEAR ENDED 31 MARCH 2024
Note5 General
Endowrnt
Research
TOTAL
2024
TOTAL
2023
Fund
Fund
Fund
INCOME FROM
from generated funds
Members, activities
Saig of publit8tions
Inv8Stmant Incorne
29,026
29.026
16,489
Dividends
Bank inièfyst
2.007
1,969
33,002
1,246
3,263
2,560
¥839
3,252
869
20.610
225
225
1,612
from charitsble activitie5
Subscriptions- fvll mèmbers
Journal 5ubscriptsons & sa￿$
21,168
3,042
24,210
21,168
3,042
24.210
21.345
3.277
24.622
Income tax recoverable
Donab'ons
3,140
208
27,558
3,140
858
28,208
3.077
1.754
29.453
650
650
TOTAL INCOME
80,560
225
2,262
63,047
50,083
EXPENDITURE ON
Cost of generatsng funds
Membe15' activities
37,483
37,483
28,044
Chantsble adivities
Journal
Newsletters & leafbl
Grants & prizes
9,361
2,741
5,047
17,149
9,361
2,741
4,297
18,399
11,949
2,096
18,416
32.461
750
750
GtsVernan￿ costs
1,730
1,730
1,610
TOTAL EXPENDITURE
56,362
750
55,612
62.115
NET INCOMEIIEXPENDITUREI AND NET
MOVEMENT IN FUNDS FOR THE YEAR
4,198
225
3,012
7.436
12.052
Gains Ilossesl on investrnent assets
8.887
5.439
14,326
4.305
Total funds brought forward
129.031
8.153
54.512
191,696
208.053
TOTAL FUNDS AT 31 MARCH 2024
142.116
8.378
62.963
213,457
191.896

THE SILVER SOCIETY
BALANCE SHEET
AS AT 31 MARCH 2024
Note5 Gereral
Fund
Endowml
Fund
Research
Fund
TOTAL
2024
TOTAL
2023
TANGIBLE FIXED ASSETS
Chaimian's Cup
Inv8strnents
7,920
81.222
89.142
7,920
131,480
139,400
7.920
117,153
125,073
50.258
50.258
CURRENT ASSETS
Debtor8 and prepayments
Bank balance5
17,074
49,416
66.490
17,074
73,499
90,673
14,871
,700
105,571
8.378
8,378
15,705
15,705
CURRENT LIABILITIES
Deferred income and acuuals
13.516
3.OCQ
16,61
38.948
NET CURRENT ASSETS
52.974
8,378
12.705
74,067
66,623
TOTAL NET ASSETS
142.116
8.378
62.963
213,467
191,696
RESERVESIFUNDS
10
142.116
8,378
62,963
213,467
191.698
F￿ the year ending 31 March 2024 the Company wa$ entrtW to exernption from audit under section 477 of the
Cornpanie$ A¢t relatirvJ 10 small Compan￿8.
The member$ hav• not required the cornpany io obtain an audit in ac¢ordan¢e seGtion 476 of the Compan￿$
Act 20C
The trustees acknowledge their respon$bi ill1￿5 for".
ensuring th81 the company keeps accounkng re¢ord$ which ¢ompty *ilh Sectrofis 386 and
387 of the Cwipanie5 Act 20￿ and
preparing finan￿al statements which give a true and fair view of the State of affairs of the chantable
company as at Ihe end of each financkql year in accordance with the requirements of Se¢tityns 394 and
395 and which otherwse comply with the requiremen15 of the Companies Act 20C6 rektr'ng to financial
slaternents, so far as apptKabkg lo the Charttsb￿ company.
The financial 51atemen15 have been prepared in accordance with Ihe 5peGial provksion5 of Part 15 of the
C¢)mpanies Act rdating ta srna11 Charilable ¢tynpanies.
Th• finan¢ial statements were approved by lh• Board on .
.. and were syned on its b•half by."
Kirstin Kennedy
Chairman
onathan Ellis FCA
Hon. Treasurer

THE SILVER SOCIEr(
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
80515 of prep&f81￿m
The finanoal staiem8ni$ of th• Chan￿b￿ ￿mpanY. which is a public benefil eDlity undor FRS 102,
have boen prepared In 8¢¢ry¢Ance Wlh Ihe Charilies SORP IFRS 1021"Accounbny and Reporting
by Ch3rilies Slalfjnwi ol Recommended Pr￿t￿8, 8Fvlicable io chaTrli85 prepBNng their 8c¢ounts
In accordance with the Fin8nci81 Rer**ing Sldndard opplicab￿ In the UK leffectW6 l J8nu8ry 20151
and the COm￿nI¢S Act 2006 The finanrjal slaternen15 have been prepared vr￿er￿8 hi8ior¢81
cosl conv&niv)n with the exceffjiDn of InwBfftenls ¥*hiGh are IT￿lUded 81 mark* value
Fixed 88Sèt8
Additions ID fixed asseis gie ¥￿tten off In the year In which they >rt Incurfed unless the amounts
Invokrfed are m8ieftai, In which case IW are caprta115ed and 48pre¢iai*4 oY$r thwr estirnated
useful kfe.
InveAtmèntS
Invesiffleni asse15 are IDGludBd in th8 fn8ntyal $181ements at their market val￿e Al g4iDs and
bsses on In¥eslm8n15. both realised 8nJ unre•lised, 8re re¢ognised In the Stalemenl of
Finanty81 Activ￿￿5.
In¢tyThng rèsouiC•S
I In¢oming resources are InCIL￿ed In the accounts when ￿e Charity Is eniiiled lo the Income and
the amDuni ¢8n be quan￿fied %￿lh rea￿abL* awJr8¢y Tne foiiown9 $peofi¢ w11c￿5 are Hppliqd
to Paniwlar ca￿an9$ ¢f inco
Vdunwy Inwmo donations ￿a￿l￿3 In(>Jrne don*iions IS accounted for
when received Lwecies are included when the Ch#rily its &Owged Ihat paymernl wll be rnade and
the ¥mount Involved can be quant1fied wlh ro¥8on8>YÈ ¢ert8inty
AthVilk5 forgeneratsn9 fiJn4$ induOeS Ineomg from mefflèers. activities a5 Wtii 86 incomo from
tho sale of good5 and Is accouniod for on A receivable basi5
Incoma froffl sUb$¢n￿1¢ns 8r¢ r8¢ognised on a receipts basis In¢wow￿￿Ch rela￿$ to A fvrturg
BCCOUDting pertd d•tsrr•J 10 bé recognised In th8 suLwuenl •c￿n11n9 Wmd
Resourttr expendèd
ExpBndilu¢ 1$8¢counted for on an acuu31s b$sis. The IrI￿O￿8r8tye e￿meThI of VAT 15 In￿uded
the Item of eX￿nSe low￿Ch Il reLvles.
Ch$ntabl• 8x￿n￿lture compnses Ih¢8e ¢o$i$ Incurréd by the Charity in delivery of 115
aGINit￿S and servKe5 for 115 benefvane¥ 11 In¢lude$ both cos15 allocaled direcuy Io SL
a&wrtie$ and those cost5 of an Indirect natu￿ Th￿e¥s9ry to support them
Gr8nls payable Bre accounted lorv**n the Ch8riiy 1$ committed to paying them and legaiiy
tsnoing ¢ommiimènLS are incl￿ed as curreni IiaDilili8$ WhÈ(fr Piornises of financial supporf h¥ve
been gi¥&n, bul $u¢h offèrs Arecond1tsoDal QT di¥uelion3ry. $u¢h grant$ are recognised as
expended wy wndil1￿S hove been mel OT de081￿ h8$ Oeen made 10 mahe ihe Pllyfnenl.
GovernOn￿ costs are ￿ManlY •8swiaied conslrtulional and slalLrtory r8guiremonls.
Cosls arè aio¢4itd b&tween cosl calegone5 accordiny lo n81ure of the ¢051 DelBile(I
alys15 ol ¥llo¢ation of the costs 15 given In Note 3 beityw
Tax?Ik)n
Thè Chanty is a regr&lereLI ¢haniy and Is th¥doie enlilled lo exempti￿￿trOM
co￿ra110￿ tax Dn ils ¢h•riwNe Èchwtses

THE SILVER SOCIETY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
Funds
Re51ricied funds- these are funds thai rAn only be used for sw&fic resvthd purposes within
thè objects of the Charity Resiriclions arise 5peafied by Ihe donor or where funds art
r8158d for partscular reslricled wrpDSes.
Designated funds- Ihese are fund5 Sel a￿de bylhe Iwsieas of unrestiicted oer*ral fund5 for
speofied lulure purrx)5es or w(4ects.
Unreslrict*l gener81 funds- these are fundS￿h￿h Gan be uwj in aturdante Ylth the charrta￿e
objects atthe disc￿l￿)n of IheiDJslees
Going conom
The Truslee5 Contin￿ 10 iakt all available steps 10 m8intsin suffiryenl resources in order Ihatthe
Charty Can continue 8$ a going ￿eM and meet the of its ben8foarfes and credllors
Consequently, the Trusteès haye a reasonabl& expe¢￿￿"0Tr that the Chanty will have 5uffiuenl funds to
continue 10 meet Ils IL3bililies as Iheyfall due for Ihe fofftseeabie fuluie and Iherefore hav8 pr8pared
the financial stalements on a going concem b8SIS
Mwnbers. ac11¥11￿5
Duriry the year meM￿rS oflhe Sotyety undertook various vis41& in the UK 8nd ran a si￿ere0Ur8e
an overall surplus ar05e zs folkiws".
2024
2023
Incoming resource5 from 8GbwlE5
DI￿¢1 cosls
N81 Income
29.0
22,647
6.479
16.489
10,305
6,184
General fund resour￿ e¥pended
Direct
cosls
Support
costs
Tot•
2024
Total
2023
Cosl of generaiino funds".
Membets, act1w1￿5
22,$47
14.936
37,463
28.044
Charttabk 8ctIv￿.eS..
Journal
Ne¥%8lellw
Grants & prizes
9,361
2.741
5.047
9,M1
2.741
5,047
11.949
2.096
8.000
Govem8nce cosis"
Independent examinab￿ fee. etc
1.730
1.730
1.610
Total resources expended
41.426
14.936
56,362
49.699
Support CO515 ¢ompri5e
Rwm and meeting exwnses
P051age. Stab￿&ry and storage
IT and website. iKludino upur8dinp 10 dale
Bank and simi18r transael￿n charges
Other c0515
7,948
1,562
3,274
6.746
1.509
7.yo
1.930
B17
981
14,gJ6
16,$42
Costs reLqtsnG to a partiGulOf are althaied directly vthilsl supportr￿Sts are
apw)rtioned on èn 8ppropn8le bas15

THE SILVER SOCIEr(
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 51 MARCH 2024
Gr8nt¥
Gr•ms. pr￿5 bursAne¥ ofÉ5.047120Z3- £e.CNXI weo aw8rded Outing Ih• yw
No gr•nlswere llw4rded tylhe Re￿8rch Furnd12023- £12,4181 and 8 Prov￿1￿ f¢r£750 w••
rekned d*lh ofa gr•rf•
Trustew, rèrnunerntion and w8n3e5
No refflunwatson dir&uy orithyirecuyw86 paid toany Irust88 u 10 perso￿ knwn lo b• ￿nn￿•d ￿th
y of th•m Exc•pt fDr•xp•D5￿. Ineurlod by tho Ipusiées ès agarlts Iho Chariiy. no wmbuT69moni
h1$ bogn m•09 ry ps due to be to any IfUtsts8 I.￿MPriSIng pnntyo•lly oo8t8g•. •t•tr•n•ry •n
nling costs and event toslsl.
The Ch*irm*h's Cup li r•9atd•d as h8￿n0 • U80fv11rfoof In exus5 of SO Ye0￿ 50 Is depretiatsd.
lTrveslmenlS
NofurthorfUndi￿Wa Inv88i•J In 1hg10s1 fin4￿1￿ ywr12022-£45,OODI.
¥alu•
CQ8t
COIF Ch•nts8$ Inve81moni Fund Inc4Th• urn15
COIF Ch•ithes Globol Eqyrfy Income Fund lrtorno units
61,722
69.710
131,4aO
48,750
48,750
97.500
R•search Fund elomont
50.258
42.$00
Dgbiofs
2024
2023
Incomg lox r¢cowable
Outstandityo sub￿ptiONS
3.t36
765
13.100
73
3,076
3,1SS
8,298
3$2
Oth
17,074
14,871
Dof•md Inr*m• •n¢
2024
2023
D¢fèrtyd Ineomo
Accruals
2.713
13,104
28,211
10,737
16.516
38.948
Deferred Ineom8 wMpn8•s m•mb¢rI￿P and demita r•l8lAlglQ k4t•r y•¥•.
10.
Fund¥
The General Fund K8 an unr8$incted fiJnd. %*hereas thè th* Endowm8nl and Rest•￿￿ Fund$ •r•
str￿ad ￿nds The Erdov¢m•nl Fuhd 1$ pnh)P•lly Iniènded io facilii•ts putlution5 silvqr
Tht Rèsa8r¢h Fund Yd ¢gW9nrt to belp &lverr•ts￿rch pro￿ 8Thd now Includes itte Robert
Bèrk*r b8qU8$1