## **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<br>BPT<br>Bee<br>Seed to||||
|**INCOME**|Nature<br>Dowry<br>Project<br>Tree||||
|Member Subscriptions<br>Life Subscriptions<br>Donations Received<br>Events & Functions<br>Grants<br>Restricted Grants<br>Honey Sales<br>Books & Cards<br>Gift Aid|3,800<br>**-**<br>**3,800**<br>**-**<br>**-**|625<br>150<br>68<br>532<br>750<br>827<br>4<br>**2,956**|625<br>150<br>68<br>532<br>750<br>3,800<br>827<br>4<br>-<br>**6,756**|650<br>750<br>124<br>226<br>-<br>-<br>640<br>156<br>-|
|||||**2,546**|
|**EXPENDITURE**|||||
|Tree Surgery<br>Repairs & Maintenance<br>Rewilding Bid Costs<br>Honey Costs<br>Bee Project<br>Seed to Tree<br>Volunteer & Open Day Costs<br>Donations Made<br>Printing  & Stationary<br>Society Subscriptions<br>Website & IT<br>Insurance<br>Bank Charges<br>Other|3,499<br>250<br>102<br>**3,749**<br>**-**<br>**-**<br>**102**|50<br>195<br>207<br>178<br>40<br>95<br>218<br>10<br>-<br>**993**|3,499<br>50<br>250<br>195<br>102<br>-<br>-<br>207<br>178<br>40<br>95<br>218<br>10<br>-<br>**4,844**|2,080<br>-<br>-<br>-<br>970<br>1,128<br>365<br>226<br>-<br>40<br>77<br>188<br>15<br>-|
|||||**5,089**|
||||||
|**SURPLUS/DEFICIT**|**(3,749)**<br>**3,800**<br>**-**<br>**(102)**|**1,963**|**1,912**|**(2,543)**|
||||||
|**ACCUMULATED FUND**|||||
|brought forward Jun-22|**20,000**<br>**-**<br>**128**<br>**102**|**5,392**|**25,622**|**28,165**|
||||||
|carried forward Jun-23|**16,251**<br>**3,800**<br>**128**<br>**-**|**7,355**|**27,534**|**25,622**|
||||||
|**BALANCE SHEET**|||||
|Cash at Bank<br>Prepayments<br>Debtors<br>Less Sundry Creditors|||27,534<br>-<br>-<br>**27,534**<br>-<br>**27,534**|26,136<br>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.