THE CLOCKWORKS CHARITABLE INCORPORATED ORGANISATION
The Charity promotes and advances public awareness in horology, specifically practical and theoretical electrical timekeeping, through access to its collection of timepieces and through the encouragement of related research for educational and training purposes.
Objects
THE OBJECTS OF THE CIO ARE:(1) TO ADVANCE PUBLIC EDUCATION IN ALL ASPECTS OF PRACTICAL AND THEORETICAL ELECTRICAL TIMEKEEPING, AND HOROLOGY IN GENERAL(2) THE ESTABLISHMENT AND MAINTENANCE OF A COLLECTION OF TIMEPIECES AVAILABLE FOR PUBLIC DISPLAY AND TEACHING PURPOSES(3) TO STUDY THE HISTORY, PRESERVATION AND CONSERVATION OF RELEVANT OBJECTS AND TO ENCOURAGE THE PUBLICATION OF BOOKS AND PAPERS FOR RESEARCH AND TRAINING PURPOSES (4) TO MAINTAIN A REPAIR AND CONSERVATION CAPABILITY AIMED AT PRESERVING THE ORIGINALITY AND INTEGRITY OF THE IN-HOUSE COLLECTION AND OTHER CLOCKS
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds increased to £2,078,496, driven significantly by investment gains. The trustees maintain a reserves policy of covering three to six months of expenditure, and the current unrestricted fund balance is well above this target. The charity reported no employees and no trustee remuneration, indicating a volunteer-led structure with low operational costs.
What the accounts disclose
“Included within this figure are increases in the market value of investments totalling £182,334.”
“During the year, reserves were held to cover between at least three and six months’ expenditure at any one time.” — page 4
Policies the charity declares
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Trustee conflicts of interest policy and procedures
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2023)
Trustees
- Dr JAMES NYEchair
- CAMPBELL FLEMING
- DAVID ROONEY
- Dr James Naylor
- LUCI COLLINGS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £28k | £27k |
| 31/12/2023 | £819k | £28k |
| 31/12/2022 | £16k | £21k |
| 31/12/2021 | £1.0m | £11k |
Common questions
Is THE CLOCKWORKS CHARITABLE INCORPORATED ORGANISATION financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds increased to £2,078,496, driven significantly by investment gains. The trustees maintain a reserves policy of covering three to six months of expenditure, and the current unrestricted fund balance is well above this target. The charity reported no employees and no trustee remuneration, indicating a volunteer-led structure with low operational costs. Its FY2024 accounts were independently examined.