2022-12-31-accounts - The Silversmiths And Jewellers Charity

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			Page
Reference	and Administrative	details
Report of	the Council		2-6
Donations	and Subscriptions
Report of	the Auditors to the	Members	8 —9
Statement	of Financial Activities		to
Balance Sheet
Notes to the Financial Statements			12-18

Patron		HRH Princess Michael	of	of	Kent
Council (l.e.Trustees)		lan Morton —Hancocks	retired-			Chairman			died		9e April 2022
		Antony Vanderpump	-		Sterling		Creations			—elected		as
		Chairman 1st January	2023 (Vice				Chairman			9n April 2022—
		31stDecember)
		Grant G Macdonald Grant Macdonald (Silversmiths) Lld Vice -Chairman (Acting Chairman 9n April —31s December
		2022) John M Bowles- J8Fsinvsy Presentations							Ltd
		Robert WJPreece —The			Goidsmi		Ihs' Company				Charily
		—Director ofFinance
		Mrs Victoria E Cox —Cox			&Power		—Retired
		Richard Jarvis —Richard		Jsrvis		of	Pall Mall
		David A Mamhall —David			Marshall		London		(Jeweiier) Ltd
		Ms Zoa Hill —Retired
		lan Thomson - Retired
		Gary Williams —Presmsn			Mastermell
		Kerry Gregory —Gemmoiogy Rocks
		Ben Poulsom —Pure	Imagination					Jeweilers			—elected	Tn
		January 2022
		Melanic Eddy —Melanic			Eddy	Jeweilery —elected 25n April
		2023
Secretary		Julia Griffin
Company	Number	518834
Charity Number		205785
Principal	and Registered ONce	P0Box61660
		London
		SE9SAN
Auditors		Azets Audit Services 2r Floor, Regis House
		45 King William Street
		London EC4R SAN
Bankers		CAF Bank Limited
		25 Kings Hill Avenue
		Kings Hill
		West Mailing
		Kent ME194JQ
Solicitors		Charles Russell Speechlys
		6 New Street Square
		London EC4A 3LX
Investment	Managers	J M Finn &Co
		4 Coleman Street
		London
		EC2R 5TA

The composition ofthe in	vestment porffolio	at 31 December 2022 was as	follows:
		F
Fixed Income		189,144	9.96
UK Equities		655,434	34.50
Equity Funds &Overseas	Equities	661,516	34.83
Alternatives		393,583	20.71
		1,899,677	100

				2022		2021
			Unrestricted	Restricted		Total
		Notes	Funds	Funds f	Total 6	Funds 6
Incoming from
Donations			5,655		5,655	29,024
Other trading activities			76,235		76,235	16,526
Investments			58,005		58,005	60,306
Other income			92		92
Total incoming			139,987		139,987	105,859
Expenditure on:
Raising funds			70,681		70,681	47,475
Charitable activities			152,372	750	153,122	188,605
Total expenditure			223,053	750	223,803	236,080
Net outgoing resources before other
recognised gains	and losses		(83,066)	(750)	(83,816)	(130,224)
Other recognised	gains and losses:
Realised and unrealised gains (losses) on
investment assets			(400,419)		(400,419)	272,241
Transfers between	funds		15,967	(15,967)
Net movement in funds			(467,518)	(16,717)	(484,235)	142,017
Fund balances brought
forward 1January	2022		2,520,354	16,717	2,537,071	2,395,054
Fund balances carried
forward 31December 2022		14	2,052,836		2,052,836	2,537,071

			Note
Fixed Assets
Tangible assets			10		642		327
Investments			11		1,899,677		2,354,437
					1,900,319		2,354,764
Current Assets
Debtors			12	203		695
Investment —bank balances
with Investment	Managers			36,142		22.010
Cash at bank and in		hand		122,515		166,489
				158,860		189,194
Creditors: Amounts		falling due
within one year			13	(6,343)		(6,887)
Net Current Assets					152,517		182,307
Net Assets					2,052,836		2,537,071
Represented by:
Restricted funds			14				16,717
Unrestricted funds			14		2,052,836		2,520,354
					2,052,836		2,537,071

	ACCOUNTING POLICIES
	Company Status
	The Charity is incorporated as a company limited by guarantee and does not therefore have a Share Capital. The maximum liability of each member is 61. The address of the registered office is given in
	the charity information on page 1 of these financial statements. The nature of the charity's operations and pnncipal activities are set out on page 3.
1.2	Directors
	All references to "Members ofthe Council" in these Finanoal Statements should be construed as relating
	to the equivalent ofdirectors ofa company for the purposes of Companies Act requirements.
1.3	Basis ofpreparation
	The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have
	been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended
	Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
	Standard applicable in the UK and Republic of Ireland (FRS 102)issued on 16July 2014, the Financial
	Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102),the Charities
	Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2016.
	The financial statements are prepared on a going concern basis under the historical cost convention,
	modified to include cerlain items at fair value. The financial statements are prepared in sterling which is
	the functional currency of the charity.
	The significant accounting policies applied in the preparation of these financial statements are set out
	below. 1hese policies have been consistently applied to all years presented unless otherwise stated.
1.4	Going Concern
	The Trustees were pleased that a full programme ofevents were taking place in 2022.
	At the date of approval of these financial statements, the Trustees continue to take all available steps to
	maintain sufficient resources in order that the Charity can continue as a going concern and meet the
	needs of its beneficiaries and creditors. Consequently, the Trustees have a reasonable expectation that
	the Charity will have sufficient funds to continue to meet its liabilities as they fall due for the foreseeable
	future and therefore have prepared the financial statements on a going concern basis.
1.5	ONce Equipment
	Additions to office equipment are written offto the Income and Expenditure Account in the year in which
	they are incurred unless the amounts involved are material, in which case they are capitalised and
	depreciated over 3years straight line.
1.6	Investment Assets
	Investment assets are included in the Financial Statements at their market value or estimate thereof.
	Investments which mature or are to be realised within twelve months are categorised as current assets.
	Afi gains and losses on investments, both realised and unrealised are recognised in the Statement of
	Financial Activities and are transferred to the Capital Account in order to preserve the long term capital
	ofthe Charity.

Analysis ofexpenditure	Direct	Support	Total	Total
	Costs	Costs	2022	2021
	6		5
Raising funds	51,351	19,330	70,681	47,475
Charitable activities:
Grants and other costs	116,410	36,712	153,122	188,605
Total resources expended	167,761	56,042	223,803	236,080

The Report ofthe Council provides a further breakdown	The Report ofthe Council provides a further breakdown	ofgrants paid.
Costs ofraising funds		2022	2021
		6	6
Investment manager's	fees	16,302	18,257
Special activities costs		35,049	8,772
Allocation ofsupport costs		19,330	20,446
		70,681	47,475
Grants and other costs
Staff costs		40,488	39,531
Telephone			327
Printing, postage and stationery		1,228	1,100
Insurances and general	expenses	3,488	2,569
Depreciation		567	601
Bank charges		158	124
Audit and Accountancy	Costs	6,360	6,780
Legal and professional	fees	1,200	3,658
Website costs		1,371	642
Promotional expenses		1,182	348
		56,042	55,680
Governance Costs
Auditors' remuneration	-for audit	5,400	4,440
		5,400	4,440


Fixed Assets	Office
	Equipment
	6
Cost
At 1 January 2022	4,042
Additions	882
At 31 December 2022	4,924
Depreciation
At 1 January 2022	3,715
Charge for the year	567
At 31 December 2022	4,282
Net Book Value
At 31December 2022
At 31 December 2021	327
Fixed Asset Investments
	Other
	Investments
At valuation:
At 1 January 2022	2,534,437
Additions at cost	45,263
Disposals	(279,604)
Gains/(losses) for the year	(400,419)
At 31December 2022	1,899,677
At 31 December 2021	2,354,437
Historical cost:
At 31December 2022	1,394,048
At 31 December 2021	1,444,778

Debtors								2022	2021f
Due within	one year:
Income receivable									250
Prepayments								203	445
								203	695
Creditors:		Due within	one year
Accruals								5,400	6,000
Other creditors								943	887
								6,343	6,887
Movements		in funds
							Other
			At 01.01.22		Incoming Resources	Resources expended	recognised gains and losses	Transfers	At 31.12.2022
					E	E	E	E	E
Restricted	funds
- Hardship		Fund		16,717		(750)		(15,967)
Unrestricted		funds
— General	funds		2,520,354		139,987	(223,053)	(400,419)	15,967	2,052,836
			2,537,071		139,987	(223,803)	(400,419)		2,052,836
Movements		in funds	(prior	year)
							Other
							recognised
			At 01.01.21		Incoming Resources	Resources expended	gains and losses	Transfers	At 31.12.2021
						E		E	E
Restricted funds
- Hardship	Fund		13,967		25,000	(22,250)			16,717
Unrestricted	funds
- General funds			2,381,087		80,856	(213,830)	272,241		2,520,354
			2,395,057		105,856	(236,080)	272,241		2,537,071

17. Statemen	t ofFinancial Activities	(Prior year)
				2021		2020
			Unrestricted	Restricted		Unrestricted
		Notes	Funds f	Funds 6	Total 6	Funds 6
Incoming from
Donations			4,024	25,000	29,024	104,296
Other trading activities			16,526		16,526	584
Investments			60,306		60,306	65,210
Total incoming			80,856	25,000	105,856	170,090
Expenditure on:
Raising funds			47,475		47,475	34,966
Charitable activities			166,355	22,250	188,605	227,930
Total expenditure			213,830	22,250	236,080	262,896
Net outgoing resources before other
recognised gains	and losses		(132,974)	2,750	(130,224)	(92,806)
Other recognised	gains and losses:
Realised and unrealised gains (losses) on
investment assets			272,241		272,241	22,151
Net movement in	funds		139,267	2,750	142,017	(70,655)
Fund balances brought
forward 1January	2021		2,381,087	13,967	2,395,054	2,465,709
Fund balances carried
forward 31December 2021		14	K2,520,354	816,717	f2,537,071	62,395,054