## **THE CONTEMPORARY BRITISH SILVERSMITHS CHARITY**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 30[TH] JUNE 2025**
**Charity Number: 1194900**
Contemporary British Silversmiths Charity Charity number 1194900; Company number CE025972 Financial Statements for the Year ended 30[th] June 2025
## **Overview**
The Contemporary British Silversmiths Charity is a Charitable incorporated organisation (CIO) with registered charity number 1194900 and company number CE025972. Its objects are to focus on encouraging and improving the craft and preserving the artistry of silversmithing. For the purposes of the Charity silversmithing is defined as the creation of wrought articles, typically in silver or its allied materials, not generally to be worn on the body. The CIO runs professional development and training courses in connection with silversmithing.
## **Trustees**
Ashley Peter Pover (Chair)
Christopher Knight
John O’Loughlin
Joanne Fleming
Louise Newton
James Dougall
## **Risk management policy**
The trustees, considered the risks to which the charity faces over the forthcoming year and has taken appropriate steps where possible to mitigate these risks. Where risks cannot be mitigated the trustees have sought to reduce these where possible
## **Activities, achievements, and public benefit**
The funds raised by the charity have been utilised to provide professional development and training courses in connection with silversmithing. This has directly encouraged the preservation of the artistry of silversmithing.
Courses were held both in person and online.
The trustees have considered the Charity Commission general guidance on public benefit when planning future activities and how planned activities will contribute to the aims and objectives they have set.
## **Review of financial results**
For the year ended 30[th] June 2025, total recognised income was £20,449, noting that by year end an additional £10,000 had been received for grants relating to future periods.
Approved by the Trustees on 26 April 2026.
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Contemporary British Silversmiths Charity Charity number 1194900; Company number CE025972 Financial Statements for the Year ended 30[th] June 2025
## **Statement of Financial Activities – Year ended 30[th] June 2025**
|**Recommended categories by activity**
**Income (Note 3)**
**Income and endowments from:**
Grants and donations
Charitable activities
**_Total_**
**Expenditure (Note 4)**
**Expenditure on:**
Charitable activities
Support costs
**_Total_**
**Net income before tax for the reporting**
**period**
Tax payable
**Net income after tax before investment**
**gains/(losses)**
Net gains/(losses) on
investments
**Net income**
**Extraordinary items**
**Transfers between funds**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fixed
assets for the charity’s own use
Other gains/(losses)
**_Net movement in funds_**
**_Reconciliation of_**
**_funds:_**
Total funds brought forward
**_Total funds carried forward_**|**Unrestricte**
**d funds**
**Restricted**
**income**
**funds**
**Total**
**funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**|**Unrestricte**
**d funds**
**Restricted**
**income**
**funds**
**Total**
**funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**|**Unrestricte**
**d funds**
**Restricted**
**income**
**funds**
**Total**
**funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**|**Unrestricte**
**d funds**
**Restricted**
**income**
**funds**
**Total**
**funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**|
|---|---|---|---|---|
||12,000|5,000|17,000|19,667|
||3,449|-|3,449|1,983|
||15,449|5,000|20,449|21,650|
||||||
||10,200|2,231|2,231|2,231|
||5,390|1,566|1,566|1,666|
||15,590|3,797|19,387|3,897|
||||||
||5,249|1,203|6,452|17,763|
||-|-|-|-|
||5,249|1,203|6,452|17,763|
||-|-|-|-|
||(141)|1,203|1,062|17,763|
||-|-|-|-|
||-|-|-|-|
||||||
||-|-|-|-|
||-|-|-|-|
||5,249|1,203|6,452|17,763|
||||||
||16,491|10,870|27,361|9,508|
||16,350|12,073|28,423|27,271|
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Contemporary British Silversmiths Charity Charity number 1194900; Company number CE025972 Financial Statements for the Year ended 30[th] June 2025
## **Balance sheet – as at 30[th] June 2025**
|**Current assets**
**Debtors**
**Cash**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 8)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Restricted income funds (Note 10)**
**Unrestricted funds (Note 10)**
**_Total funds_**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**|
|---|---|---|---|---|
||-|-|-|-|
||16,350|22,073|38,423|37,271|
||21,740|22,073|43,813|37,271|
||||||
||-|10,000|10,000|19,667|
||||||
||21,740|12,073|33,813|27,271|
||||||
||21,740|12,073|33,813|27,271|
||||||
||21,740|12,073|33,813|27,271|
||||||
|||12,073|12,073|10,780|
||21,740|-|31,940|16,491|
||16,350|12,073|28,423|27,271|
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Contemporary British Silversmiths Charity Charity number 1194900; Company number CE025972 Financial Statements for the Year ended 30[th] June 2025
## **Notes to the financial statements**
## **Note 1 – Basis of Preparation**
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with; the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014.
## **1.2 Going Concern**
The accounts have been prepared on a going concern basis. The trustees are not aware of any material uncertainties that make the going concern assumption doubtful as at the date of signature.
## **Note 2 – Accounting policies**
## **2.1 Recognition of income**
These are included in the Statement of Financial Activities (SoFA) when:
- the charity becomes entitled to the resources;
- it is more likely than not that the trustees will receive the resources;
- the monetary value can be measured with sufficient reliability.
## **2.2 Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP.
## **2.3 Grants and Donations**
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
## **2.4 Government grants**
The charity received no government grants in the year.
## **2.5 Tax reclaims on donations and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
## **2.6 Support costs**
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Contemporary British Silversmiths Charity Charity number 1194900; Company number CE025972 Financial Statements for the Year ended 30[th] June 2025
The charity has incurred expenditure on support costs.
## **2.7 Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
## **2.8 Redundancy costs**
The charity made no redundancy payments during the reporting period.
## **2.9 Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.
## **2.10 Basic financial instruments**
The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP.
## **2.11 Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
## **Note 3 – Income**
|**ote 3 – Income**|**me**|||||
|---|---|---|---|---|---|
|**Analysis of income**
**Donations**
**and legacies:**
General grants provided by
other charities and
organisations
Interest received
**Total**
**Charitable**
**activities:**
Course fees
**Total**
**TOTAL INCOME**|**Analysis of income**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total**
**funds**
**Prior**
**year**
**£**
**£**||||
||General grants provided by
other charities and
organisations|12,000|5,000|17,000|19,667|
||
Interest received|-|-|-|-|
||**Total**|12,000|5,000|17,000|19,667|
|||||||
|||-|-|-|-|
||Course fees|3,449|-|3,449|1,893|
||**Total**|3,449|-|3,449|1,893|
|||||||
|||15,449|5,000|20,449|21,560|
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## Contemporary British Silversmiths Charity Charity number 1194900; Company number CE025972 Financial Statements for the Year ended 30[th] June 2025
## **Note 4 – Expenditure**
|**Analysis**
**Expenditure on charitable**
**activities:**|**This Year**
**Last Year**
**Unrestricte**
**d funds**
**Restricte**
**d income**
**funds**
**Total**
**funds**
**Unrestricte**
**d funds**
**Restricte**
**d income**
**funds**
**Total**
**funds**
**£**
**£**
**£**
**£**
**£**
**£**|**This Year**
**Last Year**
**Unrestricte**
**d funds**
**Restricte**
**d income**
**funds**
**Total**
**funds**
**Unrestricte**
**d funds**
**Restricte**
**d income**
**funds**
**Total**
**funds**
**£**
**£**
**£**
**£**
**£**
**£**|**This Year**
**Last Year**
**Unrestricte**
**d funds**
**Restricte**
**d income**
**funds**
**Total**
**funds**
**Unrestricte**
**d funds**
**Restricte**
**d income**
**funds**
**Total**
**funds**
**£**
**£**
**£**
**£**
**£**
**£**|**This Year**
**Last Year**
**Unrestricte**
**d funds**
**Restricte**
**d income**
**funds**
**Total**
**funds**
**Unrestricte**
**d funds**
**Restricte**
**d income**
**funds**
**Total**
**funds**
**£**
**£**
**£**
**£**
**£**
**£**|**This Year**
**Last Year**
**Unrestricte**
**d funds**
**Restricte**
**d income**
**funds**
**Total**
**funds**
**Unrestricte**
**d funds**
**Restricte**
**d income**
**funds**
**Total**
**funds**
**£**
**£**
**£**
**£**
**£**
**£**|**This Year**
**Last Year**
**Unrestricte**
**d funds**
**Restricte**
**d income**
**funds**
**Total**
**funds**
**Unrestricte**
**d funds**
**Restricte**
**d income**
**funds**
**Total**
**funds**
**£**
**£**
**£**
**£**
**£**
**£**|
|---|---|---|---|---|---|---|
|Course trainers|10,200|2,000|2,000
0|-|2,000|2,000
0|
|Course workshop space|-|-|-|-|-|-|
|Course materials|-|231|231|-|231|231|
|**Total expenditure on**
**charitable activities**|-|2,231|2,231|-|2,231|2,231|
|**Expenditure on support activities:**|||||||
|Support staff|-|5,390|1,123|-|1,123|1,123|
|Bookkeeping|-|-|-|-|-|-|
|Insurance|-|441|441|-|441|441|
|**Total expenditure on**
**support activities**|-|1,566|1,566|-|1,566|1,566|
|**TOTAL EXPENDITURE**|||||||
||-|3,797|3,797|-|3,797|3,797|
As the charities sole activity during the year was provision of training courses, 100% of the support costs have been allocated to this activity.
## **Analysis of expenditure on charitable activities**
|||**This year **|**This year **|**This year **|**This year **|
|---|---|---|---|---|---|
|**Activity or programme**||**Activities**
**undertaken**
**directly**|**Grant**
**funding of**
**activities**|**Support**
**Costs**|**Total this**
**year**|
|||**£**|**£**|**£**|**£**|
|Provisionoftraining courses||2,231|-|1,566|3,797|
|**Total**||2,231|-|1,566|3,797|
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Contemporary British Silversmiths Charity Charity number 1194900; Company number CE025972 Financial Statements for the Year ended 30[th] June 2025
## **Note 5 – Expenses paid to Trustees**
No trustees were paid expenses during the year.
## **Note 6 – Salaries and Wages**
Salaries and wages Social security costs Other employee benefits **Total staff costs**
|**This year**
**£**|**Last year**
**£**|
|---|---|
|3,223|
3,123|
|-|-|
|-|-|
|3,223|
3,123|
No employee or consultant of the charity received remuneration in excess of £60,000 during the year.
The average headcount during the year was 1, employed on a consultancy basis and were involved in the provision of courses and associated support.
## **Note 7 – Debtors**
|Trade debtors
Prepayments and accrued income
Other debtors
**Total**||**This year**
**£**|**Last year**
**£**|
|---|---|---|---|
|||-|-|
|||-|-|
|||-|-|
|||-|-|
There are no debtors in this or the prior year.
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Contemporary British Silversmiths Charity Charity number 1194900; Company number CE025972 Financial Statements for the Year ended 30[th] June 2025
## **Note 8 – Creditors**
|Trade creditors
Payments received on account for
grants
**Total**|**Amounts falling due within**
**one year**|**Amounts falling due within**
**one year**|**Amounts falling due after**
**more than one year**|**Amounts falling due after**
**more than one year**|
|---|---|---|---|---|
||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**|
||-|-|-|-|
||10,000|10,000|
-|-|
||10,000|10,000|
-|-|
Included in creditors is an amount for funds received for grants for periods which are yet to start. As such these have not been included in the Statement of Financial Activities.
## **Note 9 – Events after the reporting period**
There were no events after the reporting period which required an adjustment in these accounts
## **Note 10 – Restricted funds**
Restricted funds represent grants received for the provision of training and professional development courses.
Unrestricted funds represent donations received without restrictions.
## **Note 11 – Transactions with trustees and related parties**
There were no payments made to trustees during the year.
9