IRIS Accounts Production v24.1.9.2 Other Company accounts True false Pounds 1.11.22 31.10.23 31.10.23 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh029257212022-10-31029257212023-10-31029257212022-11-012023-10-31029257212021-10-31029257212021-11-012022-10-31029257212022-10-3102925721ns0:CharitableCompanyLimitedByGuarantee2022-11-012023-10-3102925721ns15:PoundSterling2022-11-012023-10-3102925721ns11:FRS1022022-11-012023-10-3102925721ns11:IndependentExaminationCharity2022-11-012023-10-3102925721ns11:SmallCompaniesRegimeForAccounts2022-11-012023-10-3102925721ns11:FullAccounts2022-11-012023-10-3102925721ns11:CharitiesSORP2022-11-012023-10-3102925721ns16:EnglandWales2022-11-012023-10-3102925721ns11:RegisteredOffice2022-11-012023-10-3102925721ns0:Trustee22022-11-012023-10-3102925721ns0:Trustee32022-11-012023-10-3102925721ns0:Trustee42022-11-012023-10-3102925721ns0:Trustee12022-11-012023-10-3102925721ns0:Trustee52022-11-012023-10-3102925721ns0:Trustee62022-11-012023-10-3102925721ns0:Trustee72022-11-012023-10-3102925721ns0:Trustee82022-11-012023-10-3102925721ns0:Trustee92022-11-012023-10-3102925721ns0:Trustee102022-11-012023-10-3102925721ns0:Trustee112022-11-012023-10-3102925721ns0:Trustee122022-11-012023-10-3102925721ns0:TotalUnrestrictedFunds2022-11-012023-10-3102925721ns0:TotalRestrictedIncomeFunds2022-11-012023-10-3102925721ns0:Activity112022-11-012023-10-3102925721ns0:Activity11ns0:TotalUnrestrictedFunds2022-11-012023-10-3102925721ns0:Activity11ns0:TotalRestrictedIncomeFunds2022-11-012023-10-3102925721ns0:Activity112021-11-012022-10-3102925721ns0:Activity132022-11-012023-10-3102925721ns0:TotalUnrestrictedFundsns0:Activity132022-11-012023-10-3102925721ns0:TotalRestrictedIncomeFundsns0:Activity132022-11-012023-10-3102925721ns0:Activity132021-11-012022-10-3102925721ns0:Activity82022-11-012023-10-3102925721ns0:Activity8ns0:TotalUnrestrictedFunds2022-11-012023-10-3102925721ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-11-012023-10-3102925721ns0:Activity82021-11-012022-10-3102925721ns0:TotalUnrestrictedFunds2022-10-3102925721ns0:TotalRestrictedIncomeFunds2022-10-3102925721ns0:TotalUnrestrictedFunds2023-10-3102925721ns0:TotalRestrictedIncomeFunds2023-10-3102925721ns0:TotalUnrestrictedFundsns10:WithinOneYear2023-10-3102925721ns0:TotalRestrictedIncomeFundsns10:WithinOneYear2023-10-3102925721ns10:WithinOneYear2023-10-3102925721ns10:WithinOneYear2022-10-3102925721ns10:FurnitureFittingsToolsEquipment2022-11-012023-10-3102925721ns10:ComputerEquipment2022-11-012023-10-310292572122022-11-012023-10-310292572112022-11-012023-10-310292572112021-11-012022-10-3102925721ns10:OwnedAssets2022-11-012023-10-3102925721ns10:OwnedAssets2021-11-012022-10-3102925721ns0:TotalUnrestrictedFunds2021-11-012022-10-3102925721ns0:TotalRestrictedIncomeFunds2021-11-012022-10-3102925721ns0:Activity11ns0:TotalUnrestrictedFunds2021-11-012022-10-3102925721ns0:Activity11ns0:TotalRestrictedIncomeFunds2021-11-012022-10-3102925721ns0:TotalUnrestrictedFundsns0:Activity132021-11-012022-10-3102925721ns0:TotalRestrictedIncomeFundsns0:Activity132021-11-012022-10-3102925721ns0:Activity8ns0:TotalUnrestrictedFunds2021-11-012022-10-3102925721ns0:Activity8ns0:TotalRestrictedIncomeFunds2021-11-012022-10-3102925721ns10:FurnitureFittings2022-10-3102925721ns10:ComputerEquipment2022-10-3102925721ns10:FurnitureFittings2022-11-012023-10-3102925721ns10:FurnitureFittings2023-10-3102925721ns10:ComputerEquipment2023-10-3102925721ns10:FurnitureFittings2022-10-3102925721ns10:ComputerEquipment2022-10-31
REGISTERED COMPANY NUMBER: 02925721 (England and Wales)
REGISTERED CHARITY NUMBER: 1049003














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 October 2023

for

Ken Hawley Collection Trust

Ken Hawley Collection Trust






Contents of the Financial Statements
for the year ended 31 October 2023




Page

Report of the Trustees 1 to 7

Independent Examiner's Report 8

Statement of Financial Activities 9

Statement of Financial Position 10 to 11

Notes to the Financial Statements 12 to 19

Ken Hawley Collection Trust (Registered number: 02925721)

Report of the Trustees
for the year ended 31 October 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 October 2023. The trustees have adopted the provisions of 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) (effective 1 January 2019).


Ken Hawley Collection Trust (Registered number: 02925721)

Report of the Trustees
for the year ended 31 October 2023

OBJECTIVES AND ACTIVITIES
Objectives and Aims
Public Benefit Statement

The area of benefit for the charity is primarily Sheffield and its environs where it seeks to advance the education of the public in the history and development of tools and toolmaking in Sheffield and its environs. The charity seeks to effect public benefit through a range of objects which include the following key elements:

(a) To preserve, maintain, house, repair and secure curatorship and exhibition of the collection of tools and related objects

(b) To provide for the establishment, acquisition, management, maintenance, improvement, extension and support of museums, galleries, libraries and other places within Sheffield and its environs where educational research and enquiry and the exchange and dissemination of relevant views and information may happen

(c) To acquire, conserve, restore and repair exhibits, objects, and collections

(d) To present, promote, organise, provide, manage, and produce exhibitions, etc…which are conducive to the advancement of education

(e) To promote, encourage or undertake research and to collect and disseminate information on all matters affecting the said objects and to exchange such information with other bodies having similar objects whether in this country or overseas and to publish the useful results thereof

(f) To promote, encourage or undertake research and to collect and disseminate information on all matters affecting the said objects and to exchange such information with other bodies having similar objects whether in this country or overseas and to publish the useful results thereof

The Trust does not have any paid employees in furtherance of those objects
it has sought to have a work programme supported by approximately 20-25 volunteers which seeks to deliver a range of services providing a wide range of benefits in accordance with the charity's objects.
Since moving to the site of Kelham Island Museum in 2010 the Trust has been able to provide open access to its Collection for all who wish to access it.

Involvement in the Collection's development and maintenance has also been encouraged locally through opportunities for volunteering. The Trust does not charge directly for access to the Collection save where access might be for commercial purposes.

The review below provides information as to how the Trust has sought to support its principal objects during the year.

OBJECTIVES AND ACTIVITIES
As in previous years, the ability of the Trust to focus on the Collection and its public interface was greatly aided by the supportive cooperation from the trust operating Kelham Island Museum. In return for being able to make the Collection available as an addition to the public offer from Kelham Island Museum, they continue to provide the housing, insurance and associated infrastructure costs for the Collection. Regular liaison with the Sheffield Museums Trust takes place and we will seek to continue to explore how the Hawley Collection can continue to enhance the visitor experience at Kelham Island Museum seeking to appeal to a diverse audience.


Ken Hawley Collection Trust (Registered number: 02925721)

Report of the Trustees
for the year ended 31 October 2023

General fundraising continues to provide a challenge, but our general needs outside of the lottery funded projects have been sustained. With the recognition of the successful digitisation parts of our work and the
increasing size of our collection database there have been consequential impacts in our need to invest more in IT and associated costs. We were pleased to receive generous support once again from the Worshipful Company of Builders Merchants.

Review of the Year
Overall the year proved to be a momentous year in more ways than one! The year had started with the continuation of the exhibition celebrating 200th anniversary of the first element of the Joseph Rodgers' Year Knife. The holding of the exhibition also enabled a formal announcement to be made that Stanley Black & Decker, the owners of the Year Knife, had now gifted the knife to the Trust thus enabling its permanent ownership and retention within Sheffield.

The exhibition had been placed in the entrance area to Kelham Island Museum to give it more prominence, but this also sadly attracted less welcome interest and in May 2024 the museum was broken into and the case containing the Year Knife was broken into and a number of exhibits stolen. Fortunately, the Year Knife was not removed, and it was undamaged. This brought an abrupt end to the exhibition and has led the Trust to ensure that strengthened security is in place before the Year Knife is put on further public view back in the Hawley Gallery.

Sadly during the year one of our earliest trustees, Mike Pye, died suddenly; he had just informed us that he was intending to stand down later in the year. He had been a long standing supporter of museums not only as one of our trustees, but also more widely in his role as a city councillor and Lord Mayor in the city.

The Trust's work in not only cataloguing the Collection but also using the Collection to inform and educate the general public continued apace during the year. A major feature of that work was the continuation of the work in the agreed project supported by the National Lottery Heritage Fund (NHLF) entitled 'Sheffield Treasures' outlined in our previous annual report. However, this did not detract from the wider work which continued for other key elements of the Collection. Work on the project and other work is illustrated below.


Ken Hawley Collection Trust (Registered number: 02925721)

Report of the Trustees
for the year ended 31 October 2023

ACHIEVEMENT AND PERFORMANCE
Activities and Collection Development
All of our general activities are volunteer led and the Trust is dependent upon a group of between 20and 25 regular volunteers who put in time and work across the full range of the Trust's work and objectives for which we are extremely grateful.

Activities and Collection Development
The Collection's MODES database continued to grow as a result of the lottery projects but also through other elements of the Collection having been a focus for some of our volunteers. During 2024 we expect that the number of records will exceed 50,000 entries. Although this seems to be only half of the anticipated number of items in the Collection we are aware some of the entries cover multiple items in one record. In addition to the items owned by the Trust the database continues to have integrated in it the records concerning the Toolbank Collection and the Barley Saw Collection.

In addition to the Year Knife becoming a valued addition to the Collection, the year also the completion of the formal transfer to the Trust of the Warrington Chest. Whist in external appearance it looks to be no more than a battered workman's tool chest upon opening it is a proverbial Pandora's box revealing a wonderful example of craft skills with the creation of a tool chest formed of precision woodworking involving extremely fine marquetry. All this was accomplished by a young Sheffield apprentice pattern maker in the late 19th century.

The Hawley Collection YouTube channel continues to expand with the addition of new material. The channel features the video and presentation material around the knife project, and also other video material in the Collection showing craft skills related to tool manufacture and information about the Collection.

By the year end the channel had 75 videos available with a total of 76,393 views recorded (previous year 2021/22 was 77,896) and watch time of 6,629 hours (previous year 2020/21 was 7,030). The year saw the net number of subscribers to the channel grow to 4,166 (previous year 2020/21 was 3,474). The reach of the channel continued to show a large percentage of views from overseas locations, particularly from the USA (34.6%). 81.9% of the watch time was by people aged 45 and older almost identical to the previous year.

The most popular video in terms of number of views was a Moulding Plane Maker which featured Norman Bayliss; it attracted 7,839 views during the year. Of our talks series the video attracting the most views was 'File Making - A Great Sheffield Industry That IUs No More' given by David Eaton which had 1,705 views.

The Name on the Knife Blade database is now established as one of the prime locations to go to when searching in Google for information about Sheffield knife makers. Recent changes in Google Analytics has not enabled us to gather together comparable data for the period. However, by the end of th financial year the number of active users stood at 49,100 with an active user base of over 250 each day.

Material from the Collection continues to be loaned and on display in the Millennium Gallery Metalwork Gallery, in the Weston Park Museum and at the Ironbridge Gorge Museum.

Visitors and enquiries


Ken Hawley Collection Trust (Registered number: 02925721)

Report of the Trustees
for the year ended 31 October 2023

Our public interface at the Museum has also been high on our concerns and the volunteers are keen to ensure that our combination of temporary exhibitions supported by lectures is refreshed on a regular basis to expose the scale and width of our Collection. During the year, our temporary exhibitions programme included:

" The Story of Moore & Wright
" Further extension in displaying elements of the Micrometer collection
" Re-display of the Builder's Cart
" Changes to the Toolbank exhibits

The permanent display area dedicated to knife making was further enhanced through a permanent case dedicated to pen & pocket knife making. New interpretation panels were also added to the area surrounding the Year Knife for when it is returned for permanent exhibition.

Our formal lectures and presentation on aspects of the collection continue to be popular. As reported previously we are not limited to it being heard by the 40-60 who might attend in person; recording and adding the lectures as a film on our YouTube channel opens up the content to hundreds of other listeners/viewers who are not just local but worldwide.

As noted in previous years, we continue to be delighted to receive positive comments about the Collection and the access now afforded to the Collection by being displayed at Kelham Island Museum. Visitors often comment on the enthusiasm of our volunteers when they have the opportunity to engage with them and this is reflected by their generosity in making cash donations or in considering us if they wish to pass on items for consideration as additions to our Collection.

Clearly web access to knowledge of our work and other visitor information has grown in importance and the trust are conscious that the website is now dated and in need of upgrade when resources are available to address that challenge. There is still an interest in more traditional means of communication and to that end a Trust Newsletter was put together by one of our trustees for wider circulation to our stakeholders.

FINANCIAL REVIEW
Reserves policy
The policy of the trust is to ensure adequate reserves are held to ensure the continuation of the trust's basic operations for future years. Within the current needs of the Trust such reserves need only to be modest as there are limited contractual liabilities given we have no paid staff, and our buildings overheads are supported by our arrangement with Sheffield Museums Trust.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.


Ken Hawley Collection Trust (Registered number: 02925721)

Report of the Trustees
for the year ended 31 October 2023


STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
At present the Trust does not have a formal written policy for the recruitment and appointment of new trustees, but the Board of Trustees has established the practice of reviewing its membership from time to time. The membership of the Board comprises a wide variety of experience drawn from industry, higher education, local government, commerce and the heritage sector, and includes senior management and operational expertise which matches the knowledge and skills required to support delivery of the Trust's operations.

Following a number of changes to trustees it has also been agreed in principle to move towards retirement by rotation and amendments to the governing document will be brought forward in due course to give effect to the principle.

Organisational structure
The day to day management of the charity is delegated by the trustees to Mr Keith Crawshaw.

Induction and training of new trustees
An induction programme for new trustees' endeavours to develop personalized opportunities and sessions with experienced trustees and volunteers to introduce the work of the Trust.

Future development of the Trust's governance
There is a continuing concern that as the Trust has grown, the work of the Chair has grown and that there is a need to consider a better distribution of duties and responsibilities. The Trust have held a number of discussions around how it might better increase the resilience of its governance and extend the skills represented in its trustees as new recruits are considered..

Future development of the Trust's governance

The Trust has continued to review its governance to ensure effective succession planning and management of the affairs of the Trust, including the role, duties and responsibilities of the Chair.

The trustees confirm they have complied with the duty in section 17(5) of the 2011 Charities Act to have due regard to guidance published by the Charity Commission.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02925721 (England and Wales)

Registered Charity number
1049003

Registered office
Kelham Island Museum
Alma Street
Sheffield
South Yorkshire
S3 8RY


Ken Hawley Collection Trust (Registered number: 02925721)

Report of the Trustees
for the year ended 31 October 2023

Trustees
D E Eaton
D Hawley
Mrs J Tear
K Crawshaw
M Pye (deceased 4.4.23)
R Jewitt
J Warner (resigned 4.6.24)
E Hawley
C Petty (resigned 9.5.23)
F Elliott
N Duggan
B Harris

Independent Examiner
Royston Parkin Limited
2 President Buildings
Savile Street East
Sheffield
South Yorkshire
S4 7UQ

Bankers
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 23 July 2024 and signed on its behalf by:





K Crawshaw - Trustee

Independent Examiner's Report to the Trustees of
Ken Hawley Collection Trust

Independent examiner's report to the trustees of Ken Hawley Collection Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not 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 to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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 to enable a proper understanding of the accounts to be reached.








Mrs L Pridmore

Royston Parkin Limited
2 President Buildings
Savile Street East
Sheffield
South Yorkshire
S4 7UQ

23 July 2024

Ken Hawley Collection Trust

Statement of Financial Activities
for the year ended 31 October 2023

2023 2022
Unrestricted Restricted Total Total
funds fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 4,343 1,377 5,720 3,894

Charitable activities 4
Sharpening Links - - - 3,935
Sheffield Treasure - 17,762 17,762 22,136

Other trading activities 3 579 - 579 552
Total 4,922 19,139 24,061 30,517

EXPENDITURE ON
Raising funds 767 159 926 20

Charitable activities
Charitable Activity Costs 7,244 - 7,244 5,373
Sharpening Links - - - 1,745
Sheffield Treasure - 19,033 19,033 -

Other - 1,006 1,006 415
Total 8,011 20,198 28,209 7,553

NET INCOME/(EXPENDITURE) (3,089 ) (1,059 ) (4,148 ) 22,964


RECONCILIATION OF FUNDS
Total funds brought forward 14,539 32,621 47,160 24,196

TOTAL FUNDS CARRIED FORWARD 11,450 31,562 43,012 47,160

Ken Hawley Collection Trust (Registered number: 02925721)

Statement of Financial Position
31 October 2023

2023 2022
Unrestricted Restricted Total Total
funds fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 - 10,348 10,348 415
Heritage assets 9 - 10,950 10,950 10,950
- 21,298 21,298 11,365

CURRENT ASSETS
Debtors 10 45 - 45 -
Cash at bank and in hand 11,658 10,264 21,922 35,825
11,703 10,264 21,967 35,825

CREDITORS
Amounts falling due within one year 11 (253 ) - (253 ) (30 )

NET CURRENT ASSETS 11,450 10,264 21,714 35,795

TOTAL ASSETS LESS CURRENT
LIABILITIES

11,450

31,562

43,012

47,160

NET ASSETS 11,450 31,562 43,012 47,160
FUNDS 12
Unrestricted funds 11,450 14,539
Restricted funds 31,562 32,621
TOTAL FUNDS 43,012 47,160

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.



Ken Hawley Collection Trust (Registered number: 02925721)

Statement of Financial Position - continued
31 October 2023

The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 23 July 2024 and were signed on its behalf by:





K Crawshaw - Trustee

Ken Hawley Collection Trust

Notes to the Financial Statements
for the year ended 31 October 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Fixtures and fittings - Straight line over 3 years
Computer / Software - Straight line over 3 years

All tangible fixed assets are included at cost. No valuation has taken place, nor is a valuation expected to take place in the foreseeable future.

Any item deemed to have a useful life of at least 1 year is considered for capitalisation. The charity does not use a de minimis threshold for the purposes of identifying fixed asset additions.

Heritage assets
The Charity purchased Designated Collection Acquisitions of specific value during the year. These are shown on the Statement of Financial Position at cost price and have not been depreciated as the Charity does not believe that there is likely to be a decrease in value.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.


Ken Hawley Collection Trust

Notes to the Financial Statements - continued
for the year ended 31 October 2023

1. ACCOUNTING POLICIES - continued

Fund accounting
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. DONATIONS AND LEGACIES
2023 2022
£    £   
Gifts 1,378 (1 )
Donated services and facilities 4,342 3,895
5,720 3,894

3. OTHER TRADING ACTIVITIES
2023 2022
£    £   
Shop income 579 552

4. INCOME FROM CHARITABLE ACTIVITIES
2023 2022
Sheffield Total
Treasure activities
£    £   
Grants 17,762 26,071

A project entitled Sheffield Treasures was approved by what is now the National Lottery Heritage Fund in July 2022 for a total grant of £44,192 to cover a period from 1 September 2022 to 31 July 2024. The first 50%, £22,096 was paid in 2022 and 40% £17,762 during the year with the remaining 10% due next year


Ken Hawley Collection Trust

Notes to the Financial Statements - continued
for the year ended 31 October 2023

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£    £   
Depreciation - owned assets 1,006 415

6. TRUSTEES' REMUNERATION AND BENEFITS

Trustees' expenses

There was reimbursements for expenses in the year 2023 totalling Nil (2022 - £65).

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 3,895 (1 ) 3,894

Charitable activities
Sharpening Links - 3,935 3,935
Sheffield Treasure - 22,136 22,136

Other trading activities 552 - 552
Total 4,447 26,070 30,517

EXPENDITURE ON
Raising funds 20 - 20

Charitable activities
Charitable Activity Costs 5,373 - 5,373
Sharpening Links - 1,745 1,745

Other - 415 415
Total 5,393 2,160 7,553

NET INCOME/(EXPENDITURE) (946 ) 23,910 22,964


RECONCILIATION OF FUNDS
Total funds brought forward 15,485 8,711 24,196

TOTAL FUNDS CARRIED
FORWARD

14,539

32,621

47,160

Ken Hawley Collection Trust

Notes to the Financial Statements - continued
for the year ended 31 October 2023

8. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings / Software Totals
£    £    £   
COST
At 1 November 2022 14,385 6,000 20,385
Additions 10,939 - 10,939
At 31 October 2023 25,324 6,000 31,324
DEPRECIATION
At 1 November 2022 13,970 6,000 19,970
Charge for year 1,006 - 1,006
At 31 October 2023 14,976 6,000 20,976
NET BOOK VALUE
At 31 October 2023 10,348 - 10,348
At 31 October 2022 415 - 415

9. HERITAGE ASSETS
Total
£   
MARKET VALUE
At 1 November 2022 and
31 October 2023

10,950

NET BOOK VALUE
At 31 October 2023 10,950
At 31 October 2022 10,950

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 45 -


Ken Hawley Collection Trust

Notes to the Financial Statements - continued
for the year ended 31 October 2023

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 253 30

12. MOVEMENT IN FUNDS
Net
At movement At
1.11.22 in funds 31.10.23
£    £    £   
Unrestricted funds
General fund 14,539 (3,095 ) 11,444
Designated Fund - 6 6
14,539 (3,089 ) 11,450
Restricted funds
Restricted Fund 32,621 (1,059 ) 31,562

TOTAL FUNDS 47,160 (4,148 ) 43,012

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 4,343 (7,438 ) (3,095 )
Designated Fund 579 (573 ) 6
4,922 (8,011 ) (3,089 )
Restricted funds
Restricted Fund 19,139 (20,198 ) (1,059 )

TOTAL FUNDS 24,061 (28,209 ) (4,148 )


Ken Hawley Collection Trust

Notes to the Financial Statements - continued
for the year ended 31 October 2023

12. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
At movement At
1.11.21 in funds 31.10.22
£    £    £   
Unrestricted funds
General fund 15,485 (1,418 ) 14,067
Designated Fund - 472 472
15,485 (946 ) 14,539
Restricted funds
Restricted Fund 8,711 23,910 32,621

TOTAL FUNDS 24,196 22,964 47,160

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 3,895 (5,313 ) (1,418 )
Designated Fund 552 (80 ) 472
4,447 (5,393 ) (946 )
Restricted funds
Restricted Fund 26,070 (2,160 ) 23,910

TOTAL FUNDS 30,517 (7,553 ) 22,964

Ken Hawley Collection Trust

Notes to the Financial Statements - continued
for the year ended 31 October 2023

12. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
At movement At
1.11.21 in funds 31.10.23
£    £    £   
Unrestricted funds
General fund 15,485 (4,513 ) 10,972
Designated Fund - 478 478
15,485 (4,035 ) 11,450
Restricted funds
Restricted Fund 8,711 22,851 31,562

TOTAL FUNDS 24,196 18,816 43,012

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 8,238 (12,751 ) (4,513 )
Designated Fund 1,131 (653 ) 478
9,369 (13,404 ) (4,035 )
Restricted funds
Restricted Fund 45,209 (22,358 ) 22,851

TOTAL FUNDS 54,578 (35,762 ) 18,816

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 October 2023.


Ken Hawley Collection Trust

Notes to the Financial Statements - continued
for the year ended 31 October 2023

14. GIFTS IN KIND

During the year accountancy services of £1,320 (2022 - £1,320) were provided to the charity as a donation. The services provided were at normal commercial terms