Treasurer’s Report for the year ended 30 June 2023
Summary
the shape of the remaining dowry from the Blackheath preserva�on Trust, plus a new Grant from Backyard Nature (supported by Thames Water) to provide events on a seasonal basis for groups who do not normally access nature.
Our funds comprise two parts:
Restricted Funds the Friends. A list of these is given at the end of the Report along with their purposes.
Unrestricted Funds - which can be spent on any ac�vi�es and are primarily used to run the Group.
Income and Expenditure
Restricted Funds main income was a new grant from Backyard Nature (supported by Thames Water) referred to above, whilst the main item of Expenditure was Tree Surgery of £3,499 from the BPT Dowry.
Unrestricted Funds income comprised Friends subscrip�ons of £775 down somewhat from £1,400 but Honey Sales were £827 up from £640 and we received a one off contribu�on of £750. Consequently with costs under control there was an unrestricted surplus of £1,923 which was very pleasing.
Overall Reserves remained robust at £27,534 up from £25,622, of which £7,355 are unrestricted.
The Statement of Income and Expenditure is atached.
Miles Storey Treasurer
Friends of Westcombe Woodlands Accounts for Year ended 30 June 2023
| Restricted | Unrestricted | 2022-23 | 2021-22 | |
|---|---|---|---|---|
| Backyard BPT Bee Seed to |
||||
| INCOME | Nature Dowry Project Tree |
|||
| Member Subscriptions Life Subscriptions Donations Received Events & Functions Grants Restricted Grants Honey Sales Books & Cards Gift Aid |
3,800 - 3,800 - - |
625 150 68 532 750 827 4 2,956 |
625 150 68 532 750 3,800 827 4 - 6,756 |
650 750 124 226 - - 640 156 - |
| 2,546 | ||||
| EXPENDITURE | ||||
| Tree Surgery Repairs & Maintenance Rewilding Bid Costs Honey Costs Bee Project Seed to Tree Volunteer & Open Day Costs Donations Made Printing & Stationary Society Subscriptions Website & IT Insurance Bank Charges Other |
3,499 250 102 3,749 - - 102 |
50 195 207 178 40 95 218 10 - 993 |
3,499 50 250 195 102 - - 207 178 40 95 218 10 - 4,844 |
2,080 - - - 970 1,128 365 226 - 40 77 188 15 - |
| 5,089 | ||||
| SURPLUS/DEFICIT | (3,749) 3,800 - (102) |
1,963 | 1,912 | (2,543) |
| ACCUMULATED FUND | ||||
| brought forward Jun-22 | 20,000 - 128 102 |
5,392 | 25,622 | 28,165 |
| carried forward Jun-23 | 16,251 3,800 128 - |
7,355 | 27,534 | 25,622 |
| BALANCE SHEET | ||||
| Cash at Bank Prepayments Debtors Less Sundry Creditors |
27,534 - - 27,534 - 27,534 |
26,136 31 |
||
| 26,167 | ||||
| 545 | ||||
| 25,622 |
Restricted Funds Purposes
BPT Dowry
The dowry isn’t for day to day running expenses, like membership costs, insurance premiums, tree inspec�ons or minor fence or other repairs, but rather for capital projects. These might include such things as tree works, plan�ng new trees, establishing pathways or new access points, major fence replacements – or whatever other capital projects the Friends decide on.
Seren Park Fence
The amount of £1,300, represents funds which The BPT Woodlands Company Limited received from the Seren Park developer to pay for the reinstatement of the missing fence sec�on behind Seren Park.
Seed To Tree
Grant from Greenwich Growth Fund for Schools projects.
Bee Project
London Bee Keeper Pollinator Fund for Bee Work. Now Closed.
Backyard Nature
To run events (4) on a seasonal basis for groups who do not normally access nature
Background
The Friends of Westcombe Woodlands were formed in 2012 and became a Charitable Incorporated Organisa�on (CIO) in 2015 to enable us to enter into a 999 year lease with the Woodland Trust. This has the effect of a “free transfer” of the freehold of Westcombe Woodlands from Blackheath Preserva�on Trust to the Woodland Trust.
conserva�on, protec�on and improvement “ of the woods. We are doing this by following a management plan and by involving the local community including schools and organisa�ons.