THE SILVERSMITHS AND JEWELLERS CHARITY
REPORT OF THE COUNCIL AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEM8ER 2024
Company No. 00518834
R•gl•t•r•d Charfty No. 205785

The Silversmlths and Jew•llors Charity
CONTENTS
Refer8nce and Admonlslral￿fr Detslls
R8FQrt ofthe Councll
DonalKJns and SubscrlpUon$
Independent Examlnorf$ Rewi
Stslement of Financlal ActlvlU&s
Balan￿ Sheet
Notes lo thg Flnanclal Statemènts
10-17

The Sllversmiths and Jewell•rs Charity
Referenu and Admini$trntlv• Detall•
Patron
HRH Princess Michael of Kent
Councll11.•. Tru8t••#1
A C VandevpLrmp- SterflrKJ Cr88lions- Chaiman
G G Macdonald GrBnl Macilon81d Ltd-VrEChalrman
J M Bowl&s- Retired
C E Buckb- Appolnted 28 October 2024
V E Cox- Redred
S Dobson- Appolnted 2 July 2024
M N E Eddy- M8lanie Eddy J8w8118ry
K H Gr89ory- Gemmology Rocks
Z C Hill- Rgllfgd
B Poulsom- Pure Imagination Jewol￿r8
l Thomson- Retlred
G S Willlam$- Presman Maslerme
J F Williams- Appointed 2 Juty 2024
Davld A Marshall- David Marsh811 London Ltd- r88igne(J 14
Novemb8r 2024
Robert W J Pregce- Tha Goldsmiths, Company- Difeclor of
FIna￿￿- r8slgng(114 November 2024
Managor I Se¢r•t*ry
J Griffin
Company Numb•r
00518834
harfty Numb•r
205785
Prfn¢lp•l #nd R•gl•t•r•d Offlc•
314 Avery Hill Road
London
SE9 2J
Ind•p•nd•nt Examln•r
John Howard FCA
Azets Audit Services
2nd Floor, Regis House
45 KirrfJ William Street
London EC4R 9AN
Bank•rn
CAF Bank Limitsd
25 Kl¢wJs Hlll Avenue
Kings Hlll
West MaNin9
Kent ME19 4JQ
3oll¢ltorn
Charfes Russ911 Spgechtys
6 New Street Square
London EC4A 3LX
Inv•$tm•nt M4nag•r•
JMFinn&Co
4 Coleman Street
London
EC2R STA

The Silversmiths and Jewellers Charity
Report of The Council
Th6 Council subrnil their Annual Report, together with Ihe Ststemenl of Financial A¢tivtties. Balan￿ Sheet and
a¢con7panying noles for the year ended 31 Decembei 2024.
Stru¢ture, Governanc• and Management
The Charity's obj'ects and regulations under a Memorandum and Artic￿$ of AsS(￿latiOn wele r8newed and
adopted by special resolLJtion on 7th October 2021. Under that dctument thg Charity is constsluled a$ 8 company
lirniled by guarantee not haviThJ a share capital. However, Ihe Charity originated in 1827 when, wth Ihe support of
Thè Goldsmiihs, Company, a charitable institution ft)r gold5mrths and silversmiths was established under the
patronage of King George IV. There were other small charitsble Trade instilutions that came into exislerKe later
during the 19th century, such as The Silver Tradè Ponsion Society. These org8nisal.ons amalgamateil to fom
all-embraang Charity in 1953 under the ts'tla The Goldsmiths., Si￿ersT￿lIhS. and Jewellers, Benevolent
Society. On 1 January 2005 the name was changed to The Silversmilhs and Jewèllers Charity.
Counc51 Members and M•nag•ment
Thts Council acts as Corporato Trustee lo the Charity. Council members, who are directors for the purposes ol
company bw, are elected by existing members, but two of their number ale appointed by The Gold5miths'
Foundation Ipreviously called the Goldsmiihs, Company Chartyl as stipulated in the Articles of AsS(￿latiOn.
Datsils of mernbers of the Covn¢il 85 at 31 December 2024 8ppear on the Refe￿ncts and Administrative Details
page.
Antony V8nderpump sefves a5 the Chairrnan. with Grant Ma¢don8ld holdiThJ the ptisitK)n of Vice-Chaim8n
Thè Ctsun¢il were pleased to be able 1¢ meet in person and did so in March, July and November. At the Maroh
meeting all the existing granteès were fo￿allY ratified for tyle year. It was not found necessary for the Executive
Committetr to meet.
There is a proGess of induciion for new Council members ¥%thich includes meeliwJ wth currgnl membors and the
provision of key infornation.
The Charity is organised so that the Council of Twstees or, in mattèrs of urgency, the Chairman manages the
ordinary business. The Manager carries out tho day-to-day adminislralion of the Charity.
DlnnerlGolf Commltt
The Commiitee undertakes the organisalKJn of Ihe Charity's chief annual fund-raisir¥J event.
Committee membèrs in 2024 were..
Antony Vanderpump
Gary Williams
Jenny Bdl
Mark Griffin
Simrnone Wesiemian
Annual General Meetlng
The Annual General meetirrtJ of the Charity took place on 2nd July 2024. One member of thè Council was due to
retire in accordance with the Articles of Assooiation. Grant Macdonald agreed lo seNe for a further year, and as
such was duly rè4lecled.
Antony Vanderpump was re-el8Cted as Chalmian and Grant Macdonald was rtr-elected as Vice-Chairm8n.

The Silversmiths and Jewellers Charity
Report of Tho Councll
Ri$k Management
The Council continues to keep under review the potential major risks facing the Charity and is satisfied Ihat
appropriate systems have baen established whereby the Chaimian is ￿gUlartY updated so that any necessary
steps may be taken to mitigat8 those risks. Contingency plans are in place in the event of the Charity's Manager
being incapacitated lof any length of lime. Investment funds are managed on behalf of the Charity by a repuiable
third party with whom freqijenl liaison is undertakan by the Manager and the porffolio perfomance is ￿gulartY
monitored by the Council. A copy of the Risk Assessment Policy document, approved by the Council, is availablè
for inspection to any interested parties.
OblKtlves and Aetlvltlos
The Charity is a trade Charity. The objects of the Charity are lo appty the capitsl and income of the charitable
funds for the purpose of providing financial relief in the c858 ol need. harrjship or infimiity lo persons who a￿ or
have been employad in all ￿torS of Ihe silv$rsrnilhiro and jewellery tr*1e and the widowslwidowers of such
persons.
There is no longer terni objective which differs from lh8 rnain objects. The Charity's strategy for the athievement
of the$¢ objectives is to general& sufficient income from investrnents, donats'ons and special events so as lo cover
annual grantee commilments and governance costs.
R•ser¥gs Pollcy
It is the poI￿Y of the Charfty to maintain unreslricted funds which have been genèrated from investment activities
in fixèd assets lihe 'income fund'l al a level which equatas lo approximately six lo nine months ol unrestricted
expenditure. This is intended to provide sufficient funds to cover administration and support costs and to respond
lo emèrgency applications or other eonlingencies which arisè frorn time to time. Income funds were maintained al
this level throughout the year. The Council confimis that the funds of ihe Chanty will en8ble it to meet its currenl
commilm8nls for the next fv4elve months. The Charity plans to contsnue operating on sitni18r lines to those sel oul
in this Report and lo continue supporting a similar pattem of ¢haFitable expenditure for th8 foreseeable fijlure
subjecl lo availability ol funds.
Investment Palicy
There are no restrictions on the Charity's power lo invest. The unrestri¢ted funds may be invested in any type of
investment.
The aim of ihe Council in ils investment policy remains long-tem stability and growih while at Ihts same time
generating sufficient incomg lo rneet the Charity's 9rantee commitments and administrative costs.
Grant MakSng Pollcy
Appllutions
Applications for assistan￿ ar8 considered on their merits anil grants are awarded 3t the discretion ol the Council
or of the Chaiman whose decision then has to be ratified by th8 Council at the next loll(w4ing Council me&tiF¥J.
During the year 21 ordinary applications for assistance were received. Klost were either inèligible or referr8d lo
other charities, one new member was accepted by the Council. Four mernber's grants were reviewed three of
which We￿ extènded. One member felt that Ihgir grant was no longer needed. Four substantial individual grants
were awarded. Sadly, two members died durir¥J the year.
At the close ofthè yèar tts Charity had 36 membèrs.

The Silversmiths and Jewellers Charity
Rèport ofThe Council
Payments lo Grants&s'
During the year the Charity distributed £116,40012023." £130,200) in cash granls and special nè8d payments.
The paymenis are made monthly. In addition, a summer gift of £200 was paid and a Christmas grft 01 £300.
Christmas hampers were also Sent lo gr8ntees.
Achlevemonts and Financi41 Revlew
Investment Performan¢¢
As al 31 December 2024 the Market Value of the Charity's investments w85 £1.932,30512023". £1,975,5381. The
Council and the Charity's investment advisers wularty monitored the perfomiance of the portfolio in the light of
global economic events. Overall the value of ihe ptsrtlolio has incre85ed by 40/0. Taking all Into consideration the
Council was satisfied that the Charity's invesiment advisers had taken all appropriaie aclion available to Ihem lo
safeguard the Charity's assets.
The o)mposib'on ol the investrnent wrtlolio at 31 December 2024 was as follows".
Fixed Incorne
UK Equities
Equity Funds & Ov&rsea$ Equities
Alternabves
317.108
645,074
777,176
192,947
16.26
33.07
39.84
9.89
1,932,305
18,448
C88h deposits
0.95
1,950,753
100.00
Incoming Resources
The decline in financial support Irom the trade. which generally ￿noreS its appeals lor funds, continu8s lo be a
ause of concem to the Charity, allhough IheiT events are reasonably wéll supported. A legacy payment was
re¢eived from the estate of long-time chaiTty supporter Roger Malins. As well as the fundraising Dinner and Golf
Day, a Quiz Night w8s held, a Hall-marathon was run, a conference Gala Dinner and Awards Evening were hèld.
The proceeds from each event were donaled to the Charity. The Council are aware of the need to raise the profile
of thè Charity 8nd as such a new website was launched and the first lan Morton Award was given in support of
the foundation Students at the Goldsmiths, Centre. The incorne from listed investmènts was £55,911 12023..
£52,426).
Inte￿st receivaN8 amounted to £1,14212023.. £8051. To Ihis may be acsded the proceeds from the Charity Dinner
and fundraising events. This gives a total gross income ft)r the year of £186,62012023.. £178,573). Against this
are amounts lotalling £77,70612023'. £74.3181 relating to costs in g8n8r8ting the income, covering expenditure on
the Charity Dinner and fundraising events and investment managemenl fees. This leaves a nel in￿rne available
for charitable activities for the year of £108,91412023.' £104,255).
Charltablo Expendlture
Payments to grantees lotalled £116,40012023'. £130.2001 to which is added Staff and other direct expenditure. to
give resources expended on charitable activities of £161.13112023.. £171,439). The Charity's administralive and
gov8man¢tr costs for the year were £4,80012023.. £4.8001.

The Silversmiths and Jewellers Charlty
Report ol The Councll
Appreclatlon
The Annu81 OinneF was held on 17 May 2024al Goldsmiths, Hall It was 8 fanl8stic evening, where everyone wès
Èntertained by Pure Diamond. and the aucticy) Was co￿dUCted by Gary Mfilliams A short talk about the
Goldsmillis Company and Ihe importance of charity wa5 given by th*r Clerk and CEO. Annie WaFburton The
Goll Day was held at Ihe Roy818ko*healh GDSI Club on 27 SeplerniEI 2024. We were orrE again Invited to
aryend the Jewdlery Valuers Association Conference in September. where the pro￿¢*$ of their raffle were
don21ed lo Ihe Chanty. On October 81h. Andrew and Louise Berry from AtTheBench ran the Cardiff Half Maratho
and on November 14" GemmdoJy Rocks held a Pub auiz at the Argyle, Hallon Garden Both donated Ihwi
prcceeds to the Charity The National Assoaalion of jewel￿￿$ Awards Evening was held In October where I
raffje proceeds were Sha￿d beiween th￿e trad2 Charities The Counal wishes to Pla￿ on iewrd Its appreciaiion
to all those who have generously assisted Ihe Charty at the8e event$, (y ln the past yew, %thelher In financial
contDbulions or the giwng of their time
The Counil Is espe(Jally indebte¢J lo The GrA(tsmilhs' Foundation.
Statement of Coun¢ll M¢M￿r$, ReBpon61bllltle5
The mernbers ol the CounThl, as Iruslees (who are aso Oirectors of Ihe SilVe￿MIths and j￿￿llerS Charity for the
purposes o,, Cornpany lawl are responsible for preparing the Report of the Ciyjnal and the fin8ncial statements in
accordan￿ with applicable law and United lQngdom A￿unb"n9 Slanéaids (UK Genei4ly AIx8pled Ar£ouniing
Practice)
Cornpany law require5 Ihe meM￿￿S of the Cwnol to prepare finaThJal stai6rnent5 for esch fin8ncial year which
give 8 tr￿e and lair wew of the slate ol affairs ol the Charity and ol the in￿ming reSoUr￿S and application ol
resources. Induding the income and expenditure. of the Charty that period In p￿ParIng these financial
statements the members ofthe Council are reqUI￿d to.
select suitsble accounting Folioe6 and then apply them ¢￿ssIentty.
obseprfe the rnethods and prinCip￿S in the Charities SORP..
m8ke iudoemenis and estimates that are reasonable and kyudent..
Stsle whether aWicab* UK Aco7unbng Standards have been fdl¢x¥ed. 6ubied tts any matenal
departures d15GIose¢ 8nd explained in the fn8noal statements.
prepare the account5 on th2 gorrfJ ¢otTcern bas￿ unless it Is inapyopriate io assume the Charity wll
continue in business
The mernbers of the Coun￿1 a￿ respon&ble for keeping prO￿r accounting iecoids whith dixlose wrth
ieèsonable accuracy al any lime the finants31 position of Ihe Charity and to enable them to ensure that the
finanaal statements comply wth the C1Nnpa￿eS Aci 20C6 They are also responsible foi safeguarding the a58ets
of the Charity and hence for taking re8sonatse steps tor the prevenlion and detection of fraud or other
This feport was approved by the Counal ￿ 151 J￿Y 2025 taking than18ge of special provi&ons applicable lo
srnall cornparlies conferred tiy Part 15 ofthe Companies Act 2￿6
Name.. ..
Council Me
berlDirector
On behal
I the Council
Company number
Charity numbei.
00518834
205785

The Sllv•rsmiths and Jewellers Charlty
Donatlon8 and Sub$¢rlptlons lineludlng 8pon$ors of tho Charlty Dlnn?r and Golf Day)
For the year •ndod 31 Do¢•mbor 2024
Beaverbrooks
A Bedford
Bezanl Ltd
Boodles
J Bourdon-smilh
G C8ldicott
M Callaghan
Challla
Cleave & Co
Cooksongold
Vlcloria Cox
Dgslgn, Build, C8sI
ALC EI&y
JMFlnn
Gemmolo9y Rocks
Th9 Goldsmiths. Company Charlty
C R Green
Grfffrn of London
Hanco¢ks & Co
Zoè Hlll
D Hu¢chlns
IBB
Stephgn James BMW
Tony Jarv1$ Bullion
Jewellery Valuers Asscthlion
L & R Josyfon
Landsbarg & Son
David Lawes
Lockstone London
R Malins
Grant Macdonald
T H March
Bisley H Munt & Sons
Pre$man Mastem)ell
Pro-30
M Pu9h
Refined Precious Metals
Rich8rnont Intemafjonal
Silverton Clamond$
Society ol Brhlsh Jgwell8r8
Sterfing Creallons
Clare Street
SVS Design
Ward Gemstones
Stephen Webstgr
Weston 8earnor
G F Williams

The Sllversmlths and Jewellers Charity
Independent Examiner's Report
l Teport to the charity trustees on my examination of the accounts of the company for tho year ended 31
December 2024 which are sel out on pages 8 to 17.
Responslbllltl83 and basis of report
As the charity's trusl89s of Ihe Company land also its directors for the purposes of company lawl you are
responsible for the pr8paration ol the accounts in accordance with Ihg requirements of the Companies Act 2006
Ilhe 20￿ Act,).
Havin9 satisfied myself that the accounts of the Company are ntst required lo be audrted under Part 16 of the
2006 Act and arè eligible for in(Jependent examination, l ￿port in respect of my examination of your charity's
accounts as carried out under section 145 of the Charits"es Act 2011 Ilhe 2011 Act'l. In carrying out my
examinali(x) I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011
Ind•p•ndènt •xamlner'B Btatement
I have completed my examinats'on. I confim) ihat no matters have com8 to my attention in connection with the
examination giviro me ¢ause lo b81ieve'.
accoUn￿ng Yecords were not kept in respect ofthe Company as required by section 386 of the 2006 Act,. or
the accounis do not acGord with those records.. or
the accounts do not compty with the accounting requirements of s6dion 396 of the 2006 Act othar than any
requirernenl thal the accounts gi￿ a 'true and fair view, which Is not a m8lter Ctsn￿dered as part of an
independent examination., or
the accounis have not been prepared in accordance with the methods and prinotples of Ihe Statemènt ol
Recommended Practice for aGcounling and report+'ng by charities applicabl8 lo charities ￿paring their
accounts in accordance wth Ihe Financi81 Reportiro Standard applicable in the UK and Republic of Ir8lÈnd
IFRS 1021.
I have no concems and have come across no other matters in connection wth the examination to which attention
should be dra¥￿ in this report in order lo enatAo a proper understanding of Ihe accounts to b8 reacheil.
John Howard FCA (Senior Statutory Audltorl
For and on bèhalf tsfAzets Audlt Servlces
2nd Floor, Regis Hou59
45 King William Street
London EC4R 9AN
Datg.. Iw 4. ?.tix)

The Sllversmiths and Jew•ll•rs Charlty
Statement of Financlal Activitles
For the Year End￿ 31 D•cember 2024
2024
Unr•8trlrt•d R•strl¢ted
Funds
Funds
2023
Tot41
Funds
Total
Not•s
In¢omlng from
Donations
Oiher Ir&ling activitN?s
Investments
Other income
55,19)
74,377
57,053
55,190
74,377
57,053
49.661
75.509
53.231
172
Total In¢omSng
180,820
186,620
178,573
Exp•ndllur• on:
Ralsing funds
TT,706
77,706
74.318
Charitabl& acvvlties
161,131
161,131
171.439
Total •xp•ndltur•
238,837
238.837
245.757
N•t outgolng re8ourc•s Wor• oth•r
r•¢ognl8•d galn8 and loss•s
152,2171
152.2171
187.1841
Oth•r r•¢ognl••d galns and lo$$•$,'
Rgalised and unrealised gains Iloss&sl on
Investrnent 888ets
11
88,528
88.528
78,924
N•t mo¥•mont Sn fund8
36.311
36,311
11.740
Fund balances brought
forw•rd 1 January 2024
2,064,576
2.084,576
2.052,836
Fund b•lan¢es urrfed
forward 31 Decomber 2Q24
14
2.100,887
2.100.887
2.064.576
All the figures includod In th8 Statement of FIna￿la1 Athlttgs derfv8 from continuin9 act￿￿18$.
All recognlsed galns aThJ losses are Included in Iht Statement of Flnonclal Activities.
Th& notes on pages 10 to 17 fomi part of the Fin8nrAal Statements.

The Silversmiths and Jewellers Charity
Balance Sheet
As at 31 December 2024
Com
an
number.. OOS18834
Note
2024
2023
Fixed Assets
Tangible assets
Investments
10
11
1.932.305
1,965.538
1.932,3(
1.%5.832
Current Assets
Debtors
Investmenl- bank balances
th Investmern Manager5
Cash ai bank ané In hand
12
203
203
18.448
155.766
10,380
93,9
174,417
104,579
Credltors.. Amounts falling due
wthin one year
13
15,8351
15.8351
Net Current Assets
168,582
98 744
Net AB8ets
1100MB7
2,064,576
Represented by".
Restricted funds
Unresiricied fund5
14
14
2.100.887
2,084.576
2.100.887
2,064.S76
The Charitable Comp8ny Is en￿￿ed to exemption trom 8￿Yrt under Section 477 of Ihe C￿panIeS Act 2LY26 for the ye31
endèd 31 December 2024.
The rnerntArs h8ve Th)t required ￿rnpany to ct)tain an audit of Ils financial $laietnents for the year ended 31
December 2024 In accordance ￿th Section 476 of thÈ Companws Act 20L
The trustees a¢knob￿edge their responsibiliNes for
ensuring that the th)niab￿ ￿Mp3fty keeps accoulll￿g records that c(In￿Y %%ith *lions 386 and 367 of ¢he
Companies Act 2(Kb and
preparing financial statements whith give a true and fair view ol the state ol atsirs ol the charitable company as
al the end of each financial year and of ils surplus or deficit lor each finartial year In accordance wilh Ihe
requirements ol Sections 394 and 395 and which othÈrwse comply with the requiretnenls of the Cotnpanies Act
?0￿ relaling to financial slalernenls, $0 far 8$ applicAtAe lo the Charitab￿ rA)mpany
Ibl
These finanu81 statements have been piepared in aco)rdance with the Special prow&ons of Part 15 of the Cofflpaiiie5
Aci relating lo chantsble srnall companies
rnen
s were approved by the Coun(il on 131 July 2025 and 51oned on Iheir behalf by
MemberlDifector
Se¢fetary
LJWUL Ciiiif[ Ik4
Name
Natne.
The noles on pages 10 to 17 foim part ol these Findncob StsiettlL￿is

The SilversmSths and Jewellers Charity
Notes To The Financial Statements
For the Year Ended 31 December 2024
ACCOUNTING POLICIES
Company Statu$
The Charity is incorporated as a company limited by guarantee and does not the￿T0￿ have a Sh8re
Capital. The maximvm liability of each member is £1. The address of the registered Offi￿ is given in
the charity inlortnalion on page 1 01 these financi81 ststem9nts. The nature of the Charity's operations
and principal activitiès are set out on page 3.
Dlrectors
All references lo"Members of the Council" in these Fin8nci81 Statements should be constwed as relating
to the equivalent of direotors of a company for th$ purposes of Companies A¢t requirements.
Basls of pr•paratlon
The Charity constitutes a putAic benefit ontity as dtrfined by FRS 102. The finana81 ststements have
been p￿pared in a¢¢tsrd8n￿ wth Accountsng and Reporting by Charities." Statement of Recommended
Practice applicable lo ¢harities preparing their ￿)UnIS in accordance wilh the Financial Reptsrbng
Standard applicable in the UK and Republic ol Ireland IFRS 1021 issued on 16 July 2014. the Financjal
Reptsrting Slandar(5 applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities
Act 2011 and UK Gen8rally Awepted Practice as rt appligs from 1 January 2016.
The financlal statements are prepared on a going concem basis under the historical cosl convention,
modified lo include certain items al fair value. financial statements are prepared in sterfing which 18
Ihe fvnctional currency of the Charity.
The signrfunt accounting policies applied in the p￿paration of these financial statements are set out
below. These policles have bÈ8n oonsistenly applied to all ye8rs presenled unless otherwse stated.
Going Concern
Al the date of approval of these fin￿r￿181 staternents. the Council contsnues to take all available steps to
maintsin sufficienl resources in ord8r that the Charity can conbnue as a going concern ar￿ meet the
needs Of its beneficiaries atvj creditors. The Council has a reasonable expectation that the Charity will
havè sufficient funds lo conlinue lo meet its liabilities as Ihey fall due for the foreseeable futu￿ and
therafore have prepared the financial stalernenis on a going conc¢rn bass.
Offic• Equipment
Additions to oifice equipment are vrritten off lo the Statement of Finan¢ial Activib'es in Ihe y68r in which
they are incurT8d unless the amounts Involved #re Mater￿1, in whid) case Ihey are capitalisgd and
depreciated over 3 ygars straMJht line.
In¥*¥tm•nt Ass•ts
Investment assets ar8 inGluded in ihe financial statements al their markel value or estimale thèrèof.
Investments which maturo or are to be realised within tw¢lv& months are categorised as curren( assets.
All gains and losses on investments, both realised and un￿aliSed are recognised in the Statement ol
Financial Activilies and are transfèrred to the Capital Account in Order to presetve the long-term capital
of the Charity.
10

Th• Silversmiths and Jewellers Charity
Notes to the Flnancial Statements
For the Year Endèd 31 December 2024
ACCOUNTING POLICIES {contlftu•dl
Incoming Resources
All incoming resources are included In the Statement of Financial Activities when the Charity is ent￿ed to
Ihe income and the amount can be quanlffied with reasonable &curary. The following specrfic pOI￿leS
are appl￿d to particular categ￿1&5 of income..
Voluniary income includes in¢ome from The Goldsmiths. Foundab'on. donations and leg8¢ies.
Income from subscriptions and don8tions is accounted for when r8oeivable and include recoverable
lax credits during the year Irom Gift Aid schemes. Legacies are included when ihe Charity is
advised by the personal repr8$entalive of an estate that paymènt will be rn8de and the amount
involved can te quanb.fiod wrth r$asonable certainty.
Activities for generating funds includes income from sp8cial events. such as the annual dinner,
accounted for on a receivable basis.
Income frc¥n listed invèstments is accounted for in the yèar in which the Charity is entitled lo receipt
and includes the relÈvanl transiti'onal r81iel to the extent that such tsx is recoverable.
Resources Expended
Expenditure is accounted for on an accru8ls bass. The irrecovefabl• element of VAT is incjuded with
the item ol expense lo which it r6lat8S.
Charitable expenditurè compds8s thos& costs incurred by the Chality in the delivery of its actiwlies
and services for its benefiuari8s. 11 includes both costs allocated dir9clly lo such activrties and those
costs of an indirect nature nè¢8ssary to sUPPOrt them.
Grants payable are accounted for wh8n the Charty is committed to paying them and legally binding
commitrnents are included as liabilities. Where promises ol financial support have been givèn bul
such offers are condilional or discretionary, such granls are recognis8(l as expenditure when any
condrtions have been met or the decision has been taken to make payment.
Govem8nce costs include those incufred in the govemance of the Charity and are prlmadly
associated with constituiional and stat￿ttsry requirements.
Costs are all￿ated befv￿en cosl categoria$ according lo the nature of the cost. Where items
involve more than one category they are apportioned bebveen the categories according to thè
naknre of the cost. Detailed analysis of the all(￿8*.0n of costs is given in note 5 bekiw.
Funds Accountlng
un￿StriCted funds- these ar8 funds which can be used in accordance wth the charitable objects at the
discretion ol the Counul.
Taxation
The charitable company is con$MJgred to Pa88 the tests set out in Paragraph 1 Schedute 6 Financ& A
2010 and therefore il meets the definition of a charitable company lor UK Gorporatson tax purposgs.
Acwrdingly, the Charity is potentially exempt from taxatson in respect ol income or capital gains received
wilhin categories covered by Chapter 3 Part 11 Corporation Tax Act 2010 or Section 256 of the Taxation
ol Chargeable Gains Act 1992, to the èxtenl that such income or gains arè applied eKclu&vely to
charitable purposes.
1.11
Debtors and credltor$ r•ceivable I payable wlthln onè
Debtors and creditors with no staled interest rate and receivable or p8yable within one year a￿ re¢orde(I
at transaction price. Any lossès arising from impairment are racognis8d in expenditure.

The Silversmiths and Jewellers Charity
Notes to the Financial Statements
For the Year Endad 31 December 2024
ACCOUNTING POLICIES Ic¢ntinuedl
1.12
Judgements and k•y sourcès of estimatkni uncertainty
AGcounting estsmates and judgements are continually evaluated and are based on histoncal experience
anil other faclors, including expectations of future events Ihal are believed to be raasonable under the
circumstances.
The following judgements lapart from those involving 8slimale51 have been made in Ihe process of
applying the above accr>unting policies that have had the most significant effect on amounts recognised
in the financial statèments..
Useful economic lives of lan9iblè a88ets
rhg 8nnual deprecialion charge for tangible assets is sènsibvg lo changes in the gstimated useful
economic lives and residual values of the assels. The useful econL¥nic lives and residual values are ra-
assessed annually. They are amended when necessary to reflect current estimates, based on
technological advancement, future investments. economic ub'lisa￿.on and Ihe physical condition of the
asseis. See note 10 for the ¢Arying 8mount of the offlce equipment. and note 1.5 for the useful
economic lives for each class of assets.
There are no key assumpts.ons concerning the future and other key sources of estimation uncertainty at
the reporting date that have a signifieanl risk of causing a matèrial adjustment lo the carry4ng amounis of
assets and liabililies within the next financial year.
1.13
P•n5ign costs
The Charity operates a defined contribubon pension schemè. Conlributions payable to the Charity's
p@ngon stheme are charged to Statement of Financial Actwities in Ihè p8riod lo which they r&lale.
Income from gr•nts and donatlons
2024
2023
Donations
s5,1￿)
49,661
SS,190
49,681
Incom• from other trading actlvltlfrs
Income trom special 8venls
74.377
75,509
74,377
75,509
Invostsnont Incom8
Dividends and inleresl from listed securities
Bank and other intÈr85t receÈvable
55,911
1,142
52,426
805
57,053
53.231
12

The Silversmiths and Jewellers Charity
Notès to the Financial Statements
For the Ygar Ended 31 December 2024
Analys58 of expendFiur•
Dlrect
Costs
Support
Costs
Total
2024
Total
2023
Ralslrtg fvnds
52,803
24,903
77,706
74,318
Charftable actlvltl•s:
Grants and other costs
116,41KJ
44,731
161,131
171,439
Total resources expend•(I
169,203
69,634
238,837
245,757
All costs are allocated belwegn the expenditure tAl$gories noted above on a basis designed to reflect the
use of the resource. Costs relatiro to a particular activity are allocated directty, oth8rs ar¢ apportw)ned on
an appropriate basis. for example, time spent, per ¢apila or floor area.
Analy$l$ ¢f Grants
Thesè ¢¢)mprise'.
Monthly payments togelher summer and Chri$lm85 gift payments to grant6&s.
Christsnas hampers to grantees.
SpȢial needs payments.
Thè Report oflhe Council provides a lurther breakdown ol grants paid.
Costs of raislng fund
2024
2023
Investment manag8rfs fees
Spe¢ial activities costs
Allocation ofsupport costs
15,390
37,413
24,903
14.996
36,694
22,628
77,706
74,318
Grants and other costs
Stsff costs
Travel
Telephonè
Printing, postage and stabonery
InSUran￿S and general axpgnses
Depreciation
B8nk charges
Audit, examination and aGcountsn¢y costs
Website costs
Prornotional expenses
Hampers
46,561
148
43,284
300
1,407
6,013
348
124
7,174
1,268
389
3,560
787
5,799
294
128
7,248
1.161
4,044
3.276
69,634
83,B67
Gov¥rnance Costs
Independ6nt èxaminer8 fee
4.800
4,800
4,800
4,800
13

Tha Sllv•rsmiths and Jewell•rs Charlty
Notes to th• Finan¢ial Statoment•
For tho Y•ar Ended 31 Decemb•r 2024
Staff coBls and r•mun•ratJon
2024
2023
Gross wages and salaries
Employef's nalK*nal insuran¢9 costs
Pension Contributions
44,641
41,520
1.920
1.784
46.501
43.284
The average number of employegs. excILKIINJ members of the CoutKII was 112023.. 11, who did Th)1 have
emoluments exceeding £eLJ,00012023: none exceeding £eo.0001.
Thg members of Council w8re not remuner8le(J for their servkes nor wem they reimburs8d for any of
Iholr expens68 during the year.
10.
Flx•d Ass•ts
Offl¢•
qulpment
Cost
A11 January 2024
Addttlon$
4,924
At 31 Decem￿r 2024
4.924
D•pr•clallon
Al 1 January 2024
Charge for the year
4.630
Al 31 Detsmber 2024
4.924
N•t Book Valu•
At 31 00￿mber 2024
At 31 December 2023
11.
Flx•d Au•t Inv•itm•nts
Oth•r
Investm•nls
At valuatmjn:
At 1 January 2024
Additions al ¢08t
DiskX)$818
G8insIIIo88esl for the year
1,965.538
533.696
1655.4571
88.528
At 31 D•umb•r 2024
1.932,305
14

The Sllv•rsmiths and Jewellers Charlty
Notes to the Flnancial Statements
For the Year Endèd 31 Decernber 2024
11.
Flx•d A•••t Investm•nts (¢wtlnu•dl
2024
Mark•t Valu•
2023
Market Valu•
CoBt
Cost
Flxed Interest
UK Equities
Over8ea8 Equibes
Altemalives
349.119
509,248
458,448
192,591
317,108
645,074
777.176
192.947
408,151
391,189
399,612
215,050
384,810
519,212
841,717
219.999
1,509,400
1.932,305
1,414,002
1.965,538
Investments In excws of S% ofthtt Charity's portfollo as 8131 Decemb8r 2024 are..
Mercantile Inveslment TST Ord G8PO.025
Vanguard Investments UK Ltd FTSE UK ALL SHARE INDEX INC
JPMorgan American Investrnent Trust Ord GBP 0.05
Ishares S&P500
Inve8co Market$111 Pk
110.670 5.73
97,6CNJ
5.05
139,558 7.22
113.511
5.87
116.311
6.02
12.
D•bt*xs
2024
2023
Due within one year.
Prepayments
203
203
203
203
13.
Cr•dllorn: Due w6th1n one year
A¢¢fual8
Other cre￿￿orS
4,800
1,035
4.8CKI
1.035
5,835
5,835
14.
Mov•m•nt• In fund8
Oth•r
r•¢ognls•d
golns and
lo$s••
At
In¢omlng R•Bourc•s
01101r2024 R•8ourus *x￿nded
At
Tr•nsf•r$ 3111212024
Unrestricled funds
General funds
2,064,576
188.￿10 {238.8371
88.528
2.100,867
2.064,$76
186,620 {238.8371
88,528
2,100,887
15

The Sllversmlths and Jowollers Charfty
Note8 to the Financlal Statements
For th¢ Y•ar End•d 310ecember 2024
14.
Movements In funds Icontlnu•d}
Movements In funds Iprlor yoarl
Oth•r
r•cognls•d
galns and
losus
At
Incomlng
0110112023 Re8ourc•s
R••ourc••
•xpndod
At
Tran8f•r$ 31112rI023
Unrestricted funds
General
2,052,836
178,573
1245,7S71
78,924
2.064,576
2,052.836
178,573
{245,7571
78,924
2,064,576
15.
Flnan¢l41 Commltm•nl•
The Charity is continuing io make regular payments to grantses 8pproved by the Coun¢ll priw 10 31
Oecember 2024. Such amounts paid after 31 December 2024 do not represent eiiher a commitment or
con$lrudive obligation on th9 part of the Charity at the Balance Sheet date ￿nce all such payments
rgmaln al the discretion of the Council.
Capltal Commltmonts
There were no captsl commthenls al 31 December 2023 and 31 Decemtor 2024.
P•n8lon Commltm•nt#
The Charfty makes Contn'butlons to personal penson 8¢h8mes for staff. Th6 assets of the schemes are
totally separate Irom those of Ihe Charty in independgntly admlnistsred lunds. The pension cost
charged In th& flnancial statements in the year w88 £1.92012023'. £1,7641. At the end of the year there
were outstandlng ¢onlribvtions payabl8 of£24712023.. £226).
18.
R•lat•d Partl•s
The Charity 5$ not controlled by any individual or uxpordlion.
16

Th• Silversmlths and Jewellers Charlty
Notes to th• Flnan¢lal Stat•ments
For th• Y•ar End•d 31 Deeomber 2024
17.
Statement of Flnan¢lal Artlvltl•s (Prfor ￿*r)
2023
Unre8trtcl•d R••trlct•d
Funds
Fund$
Total
Incomlng from
Donations
Other trading actIvi￿•S
Investrnenls
Other income
49.e61
75.509
53.231
172
49,£61
75.509
53.231
172
Total Incomlng
178,573
178.573
Exp•ndliur• on:
RaI￿n9 funds
74,318
74.318
Charflable actlvllles
171.439
171.439
Totsl •xpendltur•
245,757
245,757
Ntrt outgolng r•soure•s b•fty• other
re¢ognls•d galns and 108$0S
167.184)
167.184)
Oth•r r•cognlsed galns and lo••••:
Realised and unrealised gains Ilo$sesl on
Investsnenl assets
11
78,924
78,924
Tr•n•fers bthM•n funds
N•t mo¥•m•nt In fund¥
11.740
11,740
Fund balanc•• brought
lop*ard 1 January 2023
2.052,836
2.052,836
Fund balancoi ￿rrI•d
fopA•rd 31 D0￿mb*r 2023
14
2,064,570
2.004,576
17