Iv
ANNUAL REPORT
2022 12023
## WHAT DOES THE BLACKHEATH SOCIETY DO?
The Society can claim many achievements since its foundation in 1937. We work with local councils, residents, amenity groups, traders, police and national bodies - with everyone who can contribute to the enhancement of Blackheath
We aim to preserve and enhance for the benefit of the public the features of Blackheath of particular beauty or historical
and architectural interest; to protect its open spaces from disfigurement or encroachment, particularly the Heath; to encourage high standards of planning and architecture in its new buildings; to promote improvements to the amenities of the area and to encourage appreciation of its character and history.
## BLACKHEATH VILLAGE
We work with other community organisations and local traders to enhance the Village and organise and support local events, such as talks and visits to places of local interest.
## THE HEATH
We work to preserve the health and enjoyment of the Heath and oppose commercial exploitation and damage from overuse.
## TRAFFIC AND TRAVEL
We monitor major developments that have an effect on the traffic in Blackheath. We campaign for better railway and bus services and for station improvements.
## PLANNING AND CONSERVATION
We encourage good modern design, while preserving our existing heritage. We scrutinise planning proposals, advise local councils and appear at public inquiries.
## HOW CAN YOU HELP?
## JOIN THE SOCIETY
Keep up to date with local news and have a voice in future developments..
## JOIN OUR ACTIVITIES
Whether you have expertise in our areas of interest or time to give practical help, along with other people involved in Village life.
For general information and advice on matters concerning the activities and work of The Society apply to:
The Secretary, The Blackheath Society, Studio 2, The Old Bakehouse, 11 Blackheath Village, London, SE3 9LA
## HISTORY AND EDUCATION / EVENTS
We maintain a unique archive of more than 20,000 images of Blackheath. We sponsor talks, exhibitions and publications about the history of the area, organise local walks and publish guides.
- 020 8297 1937
- office@blackheath.org
- www.blackheath.org
- BlackheathSociety
- @BlackheathSoc
© The Blackheath Society. May 2023. Nothing contained in this report may be reproduced without written consent
## ANNUAL REPORT
2022 / 2023
## 3
Chair’s Introduction
## 8
The Village
## 4
Transport
## 9
Archive
## 5
Events and Talks
## 10 - 12
Treasurer’s Report and Financial Statements
## 6
Jubilee, Kite Day & Tree planting
## 13
Architecture Group
## 7
Planning
## 14
Society Management and Photo Credits
2
CHAIR’S INTRODUCTION
Society Chair Paul Watts
I am pleased to present the first annual report of our new Charitable Incorporated Organisation (CIO) structure. Last year was the 85th anniversary of the formation of the Society in 1937 and I very much hope that our founders and original trustees would look favourably on the continued activities of the Society in what has been another very active year.
As you will read later in this annual report, our events team produced a full programme of walks and talks and we welcomed the architecture group, whose events are a great addition to our range of activities. We lit a beacon on the Heath to mark the Queen’s Platinum Jubilee in June and held our second Kite Day there in October, when we also planted our Queen Elizabeth II Oak in memory of Her Majesty.
In the Village, we saw several changes to local businesses with some closing, including our last bank, Barclays, and we welcomed new enterprises. We ran a successful fund-raising campaign to pay for new Christmas lights for the Village and are grateful for the support of many local businesses.
The planning group, with ten volunteers who examine issues of planning policy and scrutinise all applications in our area, continued its important work. There were 668 applications in 2022 (350 in Greenwich and 318 in Lewisham). All were looked at and 85 examined in detail
A major campaign was launched in the autumn when we learnt of Southeastern’s changes to its rail timetable, with all off-peak services at Blackheath terminated at Cannon Street, rather than Charing Cross. The Blackheath Joint Working Party had a quieter year, as its former chair stood down. We are actively encouraging Greenwich and Lewisham Councils to reinstate regular meetings of this important group. Our archive team was busy, digitising much material and it benefited from the donation of further collections during the year.
We welcomed 95 new members, some as a result of the rail campaign. We held several new members’ evenings, and there are always opportunities for both new and existing members to assist the society in its activities. I would like to conclude with my sincere thanks to our volunteers, to my fellow trustees, and especially to our secretary Sacha Bright for her enthusiasm and dedication to the Society during the year.
3
TRANSPORT
By far the greatest transport issue in the last year has been, and still is, the loss of our off-peak direct train services to Charing Cross and Waterloo which was brought in with no consultation in Southeastern Railways’ December timetable.
This is the most detrimental action imposed by any of the train operating companies over the past 150 years, but no reason for the lack of consultation was given and the Department for Transport considered this to be a minor adjustment to the timetable. The Society immediately mounted a campaign.
We leafleted at stations and on trains on the Bexleyheath line and the Charlton section of the North Kent line, alerting travelers who may not be aware of the imminent changes, and urging them to email the Managing Director of Southeastern Railways, Steve White, to object vigorously.
We challenged Southeastern on the absence of the required Equalities Impact Assessment before the change was announced and assessed the legal possibilities of redress given the absence of consultation and of the timely publication of the EIA.
We then alerted Blackheath Hospital and the Halls, the Clarendon Hotel, schools and Village shops to the changes to warn them how they might affect their users and staff in travelling to and from Waterloo and Charing Cross. We also alerted Society members and the general public through our website and social media, urging then to object.
During a Westminster Hall parliamentary debate in December all MPs in the affected constituencies spoke forcefully against the changes, as the loss of the off-peak direct services on the Bexleyheath line was only one of a range of detrimental impacts.
The minister promised to visit one or more stations to hear firsthand the public
response, and he also promised a full consultation with Southeastern during the development of the May timetable. Neither of these two promises has been fulfilled. Southeastern has claimed that delays at the crossover at Lewisham station _(below)_ was behind the changes.
Shortly before the May timetable was announced Southeastern said that, in response to the very high level of objections from Bexleyheath line users, one direct service per hour to Charing Cross and Waterloo would be reintroduced off peak. This is a welcome first step but we will continue to press for the full restoration of all off-peak direct services to Charing Cross and Waterloo.
There is another piece of good news. Network Rail has completed work on the Kidbrooke railway bridge. It therefore no longer needs a weight restriction to protect the bridge and Lewisham council has reacted very positively to this development.
The council officer leading this issue said: “This is something the Council strongly supports and has been actively encouraging Transport for London to do. I have recently chased them on this matter to seek a decision and will continue to do so until the matter is resolved”. _(See the Village story on page 8)_ .
4
EVENTS AND TALKS
We held many successful and enjoyable events this year of local and broader interest. Many members attended and they provided a good opportunity to meet friends and make new ones.
The regular Meet and Eat sessions continued at a local pub, The Princess of Wales, and we varied the days on which they were held so that members with regular commitments had an opportunity to come. The gatherings are very informal and we are always delighted to see whoever comes along.
We visited Blackheath Golf Club, which was a treat in a beautiful building at Eltham Lodge with a lovely setting and interesting history _(seen above)._ The Let’s Go Down the Strand walk reminded us of the many hidden jewels that form the history of that part of London.
And the walk round Waterloo and Lambeth illustrated vividly how this area of London has changed over the last 200 years, and continues to be vibrant. We also visited the ancient establishment of Charterhouse in the City, which is both surprising and an excellent example of how institutions adapt to change and survive.
Our Zoom series of talks included the History of Morden College, which prompted recollections from many members about former visits and the many changes that have taken place there. A fascinatingly detailed account of plumbing in the Victorian House proved to be an eye opener, particularly for members who live in such historic dwellings.
It was unfortunate that the Zoom talk on the local area in literature was spoilt by poor WiFi reception that evening, but we plan to reschedule this.
The talk on The History of The Mary Evans Picture Library _(see picture above)_ gave us another opportunity for the Society to hold a joint event in Blackheath High School. It was remarkable to hear how the enthusiasm of Mary and Hilary Evans has created a truly eclectic and international collection.
As the annual report went to press, more walks and visits were planned for the summer and these are listed on the website. Thank you to all who contribute their time and energy to making the Society’s events so enjoyable, interesting and varied. Your support is fully appreciated.
5
JUBILEE, KITE DAY & TREE PLANTING
It was a bumper year for large events led by the Society on the Heath, with an estimated 2,000 people celebrating the late Queen’s Platinum Jubilee in June, followed by as many people enjoying our Kite Day in October.
A Jubilee concert was organised jointly by the Society and Blackheath Halls on a beautiful evening when seven local choirs of children and adults performed music representing the decades of the Queen’s reign, ranging from classical and opera to musical theatre and gospel.
A dramatic two-metre high beacon was lit by the Young Mayor of Lewisham, representing a new generation engaging in public service.
Earlier in the day, local actor Nick Day took on the role of town crier, announcing the event with a tour around the village, shouting the official “Oyez, oyez” and ringing a dinner bell borrowed from a local school.
The Kite Day in October, now re-established by the Society as an annual event after a break of more than 12 years, enjoyed perfect weather with enough wind to launch some spectacular demonstration kites brought to the Heath by the Kent Kite Flyers, an enthusiasts’ group from the coast.
The public were also encouraged to bring their own kites to fly and we saw some terrific examples, including homemade ones.
The talented children of Grinling Gibbons Primary School, Deptford, again entertained the crowds with their steelpan band _(see right)_ and the Caribbean theme was picked up by the on-site caterers.
There was a special addition to the day, also organised by the Society, with the ceremonial planting of an oak tree at the eastern end of Royal Parade. The Queen Elizabeth II Oak commemorated the sad loss of Her Majesty in September and will be a permanent memorial to her long and dedicated reign.
6
PLANNING
Thanks to our dedicated team of volunteers and our secretary Sacha’s work in the office, we were able to scan well over 600 planning applications last year, including those for tree work. They covered Lewisham and Greenwich and around 90 applications were subsequently examined in detail.
In addition to this regular effort, considerable time was spent examining and responding to consultations by both councils on major policy issues. In Lewisham we looked in detail at the new draft Local Plan. Our detailed response included a Vision for Blackheath and putting protected views from the Heath into the plan.
A separate and controversial consultation on Lewisham’s new Statement of Community Involvement began in early 2023 and will be reported on next year. In Greenwich we responded in detail to its draft Urban Design Guide.
Our work on planning applications is in three main categories: applications for building in the local conservation areas, trees, and work on major projects proposed for the periphery of Blackheath.
We can be pleased with the outcome on the first category as both councils by and large supported our comments by refusing inappropriate applications or obtaining amendments and conditions.
These included an insensitive proposal for an important modern property at 2 Foxes Dale, also known as The House of Ideas; plans for inappropriate siting of very obtrusive phone masts; and approval for rebuilding the Tea Hut on the Heath.
We have also been involved in preliminary consultation for potential projects in the Village at the station car park and the sorting office behind the Post Office _(seen above)._
We objected strongly to consultation on a very inappropriate scheme to develop the pleasant green at Richmount Gardens for affordable housing. This has now materialised in a formal application which we are strongly resisting.
In terms of applications for work on trees, for which the policy and legal regime is much less helpful, we can be pleased that our efforts, particularly to object to felling of mature specimens, are successful - for example in The Plantation.
The main peripheral large proposed development in 2022 was at Leegate, where a formal application for a major complex including a 15-storey tower is being contested. This is currently in abeyance following new guidelines emanating from the Grenfell fire.
A significant newly controversial area is the ‘retrofit’ agenda. There is an urgent need to update planning guidelines and guidance on alterations permitted in conservation areas for improving household energy efficiency, and we are lobbying for early action on this.
The guidelines will have to be more pragmatic than those currently in force if the climate agenda is to be progressed.
7
THE VILLAGE
Despite recession fears and closures in UK high streets, Blackheath is a thriving place to eat, drink and shop. We may no longer have a bank, leaving two empty sites which are difficult to fill, but there have been plenty of newcomers.
We welcomed the following companies to the Village in the past year: Buddha Taste in Royal Parade; On the Heath, Pets Corner, Blackheath Creatives, Rockpool Fishmongers in Montpelier Vale; and 15 Grams Cafe and Jimmy Fairly Opticians in Tranquil Vale.
Nick Ellis _(seen below serving in the shop)_ also became the new owner of John Charles Butchers next to the station _._
This year we finally managed to buy new Christmas lights for the Village thanks to kind donations from local businesses. These are stored away and should last many years.
We have been working to try to reduce the amount of traffic moving through the Village and are pleased to report that the bridge works on the A212 in Kidbrooke Gardens have now been completed.
This means the 7.5 tonne weight restriction signs at the 3-way junction near Kidbrooke station can be removed, allowing heavy traffic to use the A road. These signs currently force HGVs to come through the B
road in the Village instead. We will be putting pressure on TfL to remove them and will report on this more fully in our next _Newsletter._
We are pleased to announce that the missing weight sign from the entrance to the station _(seen below in an earlier photo)_ has been traced and recovered, and we are working with the Network Rail to establish how it can be more securely fixed to the wall. We are urging the company to repair and repaint the front of the station and we will also report on these efforts in the next _Newsletter._
8
ARCHIVE
A major step for the archive in the past year has been the acquisition of a new scanner which has enabled us to scan images previously too big for our A4 flatbed machine.
This is a top-down document and book scanner, capable of A3 scans, and so we have been able to add unconventionally sized copies of the _Blackheath Reporter_ from the 1960s. There are now 2,973 pages on the website, published from 1959 to1966 and 1986 to 1989. It has also given us the ability to scan the past 45 years of the Westcombe News, dating from the 1970s.
Records of the Friends of Greenwich Park have also been added to the website.
In addition to local publications, such as the one seen above, we have been able to scan two important new acquisitions for the Society - the Marten family album and the first minute book of the Westcombe Park Estate Co Ltd, covering 1877 to 1886, which Neil Rhind obtained earlier in the year.
Work has also begun on scanning the voluminous work of Peter Kent, the wellknown local artist and documentarian of all riverside activity. He has contributed to local publications for the past 50 years.
Many of his drawings, with interesting commentaries, can be seen in the Blackheath local guides on our website. One of them, _The Birth of London’s Newest City_ , is above. His other work is being catalogued on our file maker database and so far we have scanned about 230 of his drawings.
Work continues on films of the history of the Society since it began in 1937, drawing on images from the archive for each decade to highlight pressing issues of the day. The first four decades are completed and work continues on the more recent past. These will shortly be added to the website, after some small edits suggested by a review group.
As has often been reported, the process of cataloguing, scanning and digitising is a slow one but we are happy that the results continue to be increasingly accessible on www.blackheatharchive.org, the sister website to the Society’s www.blackheath.org. Over the past year, we are happy to say we have been able to add many more pages.
As reported last year, we know that the search facility for individual images on the site can be difficult to use and we are continuing to look for easier solutions.
9
TREASURER’S REPORT YEAR ENDED 31 DECEMBER 2022
This year is our first as a Charitable Incorporated Organisation and the statement of financial activities shows the transfer of assets from the old Blackheath Society charity. The result on unrestricted funds includes £599,864 of assets transferred into the CIO on 1 January 2022.
After removing this transfer, unrestricted funds for the Society showed income and endowments of £62,437 and expenditure of £59,062, giving a net surplus on unrestricted funds of £3,375 for the year.
The gains/losses on revaluation of fixed assets relate to the movement in the Charifund investment (loss of £9,913) and the revaluation of Tranquil Hall (gain of £20,000).
Restricted funds for the year are substantially composed of the transfer of Blackheath Joint Working Party money of £22,405 and £8,500 for Talbot Place. During the current year the Society successfully raised money for the Village Christmas Lights campaign, £20,900 was donated by local businesses and the Society contributed £5,000.
The Society’s annual income, mainly from membership fees and investment income, covers routine office and other overheads. Expenditure on additional projects and activities is generally funded by reserves, donations or specific gifts for projects.
Membership saw an increase to 889 households (855 in 2021) and this increased again to 935 in May 2023. The membership fee remained at £20 per year for 2022, unchanged since 2018.
The Society continued much of its work to provide in person ‘Walk and Talks’ and virtual events to members. All money received to support these projects and the relevant expenditure is shown under our unrestricted funds in the accounts.
This year our activities were further enhanced with the introduction of the Architecture Group, who joined us from the Blackheath Halls and hosted a number of well-attended and well-received events.
The Equities Investment Fund for Charities (Charifund) Investments, included in fixed assets, was held at £168,055 (£177,968 in 2021). It generated income for the year of £9,492 (£8,469 in 2021).
We continued to hold a property investment asset, the freehold of Tranquil Hall in Blackheath Village, which was revalued in 2022 and is now held at £410,000 (£390,000 in 2021) in the accounts. The property is rented to Heath House, a local preparatory school.
The Society’s total funds were £644,730 at 31 December 2022 (£631,463 in 2021) and we remain in a strong financial position.
The Society’s Trustees regularly review our requirements for reserves in the light of the main risks to the organisation. Our annual income is derived from members’ subscriptions, donations, investment income and rental income received on Tranquil Hall.
They aim to ensure annual running costs are controlled carefully and are met from annual income, and that budgets are set accordingly. For special projects, external grants and donations are sought and raised wherever possible, but always in conjunction with the use of the Society’s own designated funds.
It is considered vital to hold sufficient unrestricted financial reserves to protect the Society from the risk of insolvency and from serious disruption to its work, and to enable it to mount any major campaign thought appropriate. The Trustees therefore consider that the reserves held were at an appropriate level at 31 December 2022.
10
## STATEMENT OF FINANCIAL ACTIVITIES
FOR THE PERIOD FROM 27 OCTOBER 2021 TO 31 DECEMBER 2022
|INCOME AND
ENDOWMENTS FROM:
Donations and legacies
Charitable activities
Investment income
Donation from predecessor
Charity
Fees and supplies
**Total income**
EXPENDITURE ON:
Charitable activities
**Total expenditure**
Gains/losses on
revaluation of fixed assets
for charity’s own use
Gains/losses on
investment assets
Net income
Gross transfers between
funds
**Net movement in funds**
RECONCILIATION
OF FUNDS
**Total funds brought forward**
**Total funds carried forward**|**-**
**608,326**
12,871
8,921
39,525
599,864
1,120
**662,301**
(59,062)
(59,062)
(9,913)
20,000
613,326
(5,000)
**608,326**
**Unrestricted**
**£**|**-**
**36,404**
30,900
-
-
31,599
-
**62,499**
(31,095)
(31,095)
-
-
31,404
5,000
**36,404**
**Restricted £**|**-**
**644,730**
43,771
8,921
39,525
631,463
1,120
**724,800**
(90,157)
(90,157)
(9,913)
20,000
644,730
-
**644,730**
**Total 2022 £**|593,912
631,463
38,732
8,830
28,469
-
1,600
77,631
(61,080)
(61,080)
21,000
-
37,551
-
37,551
Comparatives
From
Predecessor
Charity Total
2021 £|
|---|---|---|---|---|
11
BALANCE SHEET
AS AT 31 DECEMBER 2022
Registration number 1196292
|FIXED ASSETS
Investments
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand
Creditors: amounts
falling due within one year
Net current assets
Total assets less current
liabilities
Creditors: amounts
falling due after more
than one year
**Net assets**
THE FUNDS OF
THE CHARITY:
Restricted income funds
Restricted funds
Unrestricted income funds
Unrestricted funds
TOTAL FUNDS|8,328
9,935
**70,441**
**88,704**
(21,112)
67,592
625,647
578,055
**(917)**
**644,730**
**608,326**
**644,730**
**2022 (£)**
**36,404**|6,972
8,881
59,952
75,805
(11,360)
64,445
632,413
567,968
(950)
631,463
599,864
631,463
Comparatives from
predecessor Charity
2021 (£)
31,599|
|---|---|---|
12
ARCHITECTURE GROUP
At the start of last year the Blackheath Society took over the activities of the former architecture group of Blackheath Halls, founded in 1989.
In the first full year of our events with the Society we organised five guided tours to buildings and a talk at St Michael’s Church.
Our visit to the Isokon building in Belsize Park on a sunny day in July was led by Magnus Englund, author and director of the Isokon Gallery.
We then visited the local Alms Gate development in Lee Road _(below),_ led by the developer. It was excellent to be able to see how an historic set of buildings was refurbished, while retaining the quality of the original place.
Moving back into town, we went to the Tree House pavilion in Elephant and Castle, a new community cafe in the center of a
major redevelopment, and were lucky to have the architect Hari Phillips and the developer taking us through the process of delivering this extraordinary pavilion and its wider masterplan.
In March we visited Lambeth Palace Library, _(seen below)_ a unique building by Wright and Wright architects.
The same month we went to the Aga Khan Center in Kings Cross, another unique and fascinating building, with many internal gardens, set in the Kings Cross regeneration.
Our talk was given by Tim Bell, of Bell Phillips architects, who focused on working with communities and councils to deliver social housing, including recent infill sites in Greenwich.
_This photograph of the Prince of Wales Pond was taken by Tim Keeler_
13
SOCIETY MANAGEMENT
## PRESIDENT
Neil Rhind MBE
## TRUSTEES
CHAIR VICE-CHAIR Paul Watts Dame Helen Reeves John Bartram Nick Patton Allan Griffin Nicola Peers Sarah Mansfield John Schofield Howard Shields
## TREASURER
Andrew Westbrook FCA Diane Summers Ana Sutherland David Walker Liz Wright
## SECRETARY
Sacha Bright
The Blackheath Society. A Charitable Incorporated Organisation. Registered Charity number 1196292.
## PHOTO CREDITS
The Society would like to thank Society member Tim Keeler for his photograph of wild flowers on the Heath, which appears on the cover of the annual report this year, and for his page 13 photograph of the Prince of Wales pond.
All other photographs were taken by members of the committee or come from the Society’s archive.
This report was produced by John Bartram and designed by Pippa Stanton.
_Blackheath Hill in 1906_
14
Charlty registration number: 1196292
The Blackheath Society
Annual Report and Financial Statements
for the period from 27 October 2021 to 31 December 2022
Field SullSvan Limited
9 Hare & Blllet Road
Blackheath
London
SE3 ORB
The Blackheath society
Contents
Reference and A¢Jmlnlstratlve Oetalls
Tru51ees' Report
2to6
Independent Examlner's Report
7t08
Statement of Flnanclal Activities
Balance Sheet
io
Notes to the Flnanclal Statements
iito21
The Blackheath Soclety
Reference and Administrative Detalls
Trustees
Paul Watts- Chair
Dame Helen Reeves- Ifice-chalr
Andfew Westbrook- Treasurer
John 8artram
Allan Griffin
Sarah Mansfield
Nlcholas Patton
Nlcola Peers
John Sthoffteld
Howard Shields
Dlane Summers
Ana Sutherland
DavSd Walker
Elizabeth Wri8ht
Secretary
Satha Bright
Presldent
Nell Rhind
VIcè¥Presldents
Davld Quarmby
Tony Aldous
Lord Stone of Blackheath
Charity Re8i5tratlon Number
1196292
Prlnclpal offlce
The Old Bakehou5e
11 Blackheath Village
Blackheath
London
SE3 9LA
Independent Examlner
Field Sullivan Limited
9 Hare & Billet Road
Blackheath
London
SE3 ORB
Page I
The Blackheath Soclety
Trustees, Report
The Trustees present the annual report together with the financlal statements of the charity for the perlod
ended 31 December 2022.
Chalrfs Introdurtlon
l am pleased to present the flrst annual report of our new Charltable Incorporated Organisation ICIOI. The CIO
was incorporated In October 2021, and with effect from l January 2022. the activities, assets. and liabilities of
the Blackheath SoEiety were transferred to the new structure. Last year was the 85th annlversary of the
formation of the Society in 1937 and I very much hope that our founders and orlginal trustees would look
favourably on the continued activities of the Society in what has been another very active year.
Our events team produced a full programme of walks and talks, Includlng a very entertaining evening "Rock
around Blackheath" in May. with many memorles and local links to famous bands and musitlans. We also Ilt a
beacon on the Heath to mark HM The Queen's PlatinLtm Jubilee in June and held our second Kite Day there in
OctobÈr, when we a150 planted our Queen Ellzabeth 11 Oak in memory of Her Malesty. The architecture group
goes from strength to strength and ran a full proEramme of events.
In the Village. we Saw several changes to local busln@sses Wlth some c105in& including Barclays our last bank and
whilst wè welcome new enlerprise%, we recognise that many local buslnesses arè faclnE challenging times in the
current Cost of living crisis and deserve otsr sUPPOrt. We ran è stsceessful fund-raisln@ campaign to pay for new
Chrlstmas lights for thèvillage and are grateful for the support of many local businesses. We also supported the
restoration of a 8rade11 Ilsted phone box In KinÉswood Place. A blue plaque was unveiled to recognise the Ma5$
Observation social survey oiganlsatlon which started Its Ilfe In Grotes Plao 1937. We a150 8551Sted wlth the
project for a new chlldren's play area at Talbot Place, which won a grant from Lewlsham Council, and we look
forward to the play area hopefully finally openin818ter this year.
The planning group, whlch has ten volunteer5 who examine i55ue5 of planning policy and scrutinise all
pplications in our area, continued Its irnportant work. There were 668 plannin8 application5 in 20221350 in
Greenwich and 318 in Lewishaml, 311 were looked at and 85 of them were examined In detail. There are several
ptstential new projects in the Village which came to our attention In 2022, including proposals for Blackheath
Statlon car park, although none have yet commenced. A fuller report on the work of the plar7nlng team in 2022
can be found in the Spring 2023 newsletter.
The Society narrowly regained the Golden Elephant trophy in the annual Cricket match against the Gfeenwich
Society in July. The West Greenwich Graffiti Removal group, of whlch the Society was a founding member,
achleved the milestone of removing over 12,500 defacements since It was formed in 2008.
A Major campaign was launched In the Autumn when we learnt of Southeastern tralns changes to the December
2022 rall timetable. with all off-peak service5 at Blackheath bein8 terminated at Cannon Street rather than
Charing Cross, removing direct services to Waterloo East and Charing Cross after more than 150 years. We are
grateful for the 5UPPOft of existing members. local politiclans, and many new membeis Sn opposin8 the5È
thanBes. There has been a token gesture by the rall company in reinslatlng an hourly Charing Cross off-peak
Serv1 from May 2023, but the campaign continues.
The Blackheath Joint Working Party had a quieter year, 3% its former chair stood down, and we are actlvelv
encouraglng Greenwich and iewisham Councils to re-instate regular meetings of this important group. The
annual Heath clean-up day in October worklng wlth member5, lotal councillors, and other volunteers was
another great success.
PaEe 2
The Blackheath Soclety
TrusteÈ5' Report Icontlnued)
Our archlve team continued to be busy di8ltt5inB much material and benefited from the donatlon of further
collectlons during the yeaT.
We welcomed 95 hew members Sn 2022, some as a result of the rall campaign. We held several new member5,
evenings to understand interests and there are always OPPOrtttnltlès for both new and exlstlng member5 to
assist the Society in its many areas of activity.
We learnt with deep sadness of the death of local community supporterSir lan Mllls. and a tflbutewas publlshed
In the Spring riewsletter.
I would Ilke to conclude with my sintere thanks to our many volurhteers, to my fellow Trustees, and especially to
our secretary Sacha Brlght for her enthuslasm and dedlcation to ihe SocSety dLbring the year.
Trustees and offlcers
The trustees and offlcers serving durlng the year and since the year end were as follow5=
Chèlr..
Paul Watts lappolnted 13 December 20211
Vice-chalr..
Dame Helen Reeves lappolnted 13 December 20211
Treasurer:
Andrew Westbrook lappointed 13 December 20211
Trustees..
John Bartram lappoirbted 13 December 20211
Allan Griffin (appointed 13 December 20211
Sarah Mansfield (appointed 13 December 20211
Nicholas Patton lappolnted 13 December 20211
Nicola Peers {appoSnted 13 Dember 20211
John Schofield lappolnted 13 Decernber 20211
Howard Shields (appointed 13 December 20211
Diane Summers lappolnted 13 December 20211
Ana Sutherland lappointed 22 September 20221
David Walker lappointÈd 13 December 20211
Ellzabeth Wright lappolnted 13 December 2021}
Pa8e 3
The Blackheath Socletv
Trustees, Report (contlnued)
Presldent..
Neil Rhind lappointed 13 December 20211
Secretary..
Sacha BFlght lappoSnted 27 October 20211
Vice-PrÈsident%=
David Quarmby (appointed 13 December 20211
Tony Aldous (appointed 13 December 20211
Lord Stone of Blatkheath lappointed 13 De£ember 2021
Rlsk management
The Trustees regularly review the malor rlsks to whlch the Soclety is exposeil. Wherè appropriate, systems or
procedu¥e5 have be@n e5tabllshed to mitigate the risks thatthe5oclety faces. Internal control risks are mlnimised
by the operation of PFocedures for the auihorisation of all transactions and project5, and through the use of B
risk re8lSter thal is reviewed regularly by the Trustee5.
Publlc Benefft
The Trtfrstees confirm that they have referred to the guidance contained in the Charlty Commission's general
guidance on public beneftt when reviewing the chafitls objectives and activities and in the planning of future
activities. It is the judgement of the Trustees that actlvitie5 In pursuit of the above objectives fully meet the
public benefit test, which they have kept in mind in planning programmes for the charlty. In deliveTing servltes
nd In the appolntment of slaff, volunteeTS and t¥tsstees the charity operates a strict policy of no discrimination
on any grounds.
Flnanclal revlew
The Societ¢s results on unrestricted funds, before 8alns or losses ot) investment assets, was a surplus of
£3,37512021- £8521. This does not Include the £599,864 transferred to CIO from the Societv.
The So£lety's annual income, mainly from membershlp fees and investment Sncome, covers routlne office and
other overhèads. Expenditure on additional prolect5 ènd actlvities is generally fvnded by reserves or from
donations and other sources.
There was however an increase in total funds as h result of the gain on investments and recelpt of historical
fund% relating to On Blackheath. The Society sèw an Sncrease in total funds of E13,26712021: £37,5511 for the
year.
Membership saw an increase to 889 households12021'. 8551. The membershlp fee remalns at £20 per annum
for 2023 and has been unchanged since 2018.
With the Covld-19 pandemic ongolng durlng much of the year, The Soclety conlinued much of its endeavours
online to continue to provlde vlrtual 'Walk and talk5, to membèrs. All monles rece5ved to 5UPPOTt these
projects and relevant e¥pendTrture is shown under our unrestricted funds In the accounts.
Page 4
The Blackheath Socletv
Tru5tees' Report Icontinued)
The Equities Investment Fund for Chaflties Icharifundl Investments included withln flxed assets was held at
168,05512021; £177,968). The Charifund generated income for the year of £9,52512021.. £8,469).
We contlnued to hold a property Investment asset, Ihe freehold of Tranquil Hall in Blackheath Village, which
was revalued in 20221$ held at £410,000 in the accounts12021.' f390,00013nd Is rented to Heath House, a
local Pieparatory School.
The SocietWs total fun(Is were £644,730 at 31 December 202212021.. £631.4631 and we remain in a strong
financial posilion.
Investmentpollcy andobjectives
The Trustees adopt a prudent policy and surplus funds are currently held in bank deposlt accounts, Invested In
Charifund unils.The Charifund intome for the year was £9,525 representing a yield of 5.67%12021: 4.76%) on
closing valuatlon of £168,055.
Polltyon resetves
The TrustÈes regularly revlew the SocSetVs requlrements for reserves in the IIEht of the main risks to the
orBanlsation.
The annual income of the Socletyls derSved from mernbers, subscriptions, donations, investment income and
from the rental Income received on Tranqull Hall.
The Trustees aim to ensure that annual running COSt5 Hre controlled carefully and are met from annual Income,
and that budgets are set a¢cordln@Iy. In the case of special projects, external grants and donations are sought
and rat5ed wherever possible, but always In conjunctlon with the use of the Socletvs own destgnated funds.
The posslbility always exlstSthat a situation might arise where the Trustees would feel It right to incur signlficani
professional and other costs to meet the oblects of the Society. For these reasons, it 15 considered vital to hold
sufficient unrestricted financial reserve5 to be drawn on in periods of emergency and cash-flow difficulty to
protect the Soclety from ihe risk of insolvency and from serious d15ruptlon to its work, and to enable It to mount
any major campaign thought appropriate.
The Trustees therefore ¢onsldÈr that the resee$ held are at an approprlate level at 31 December 2022.
Page S
The Blackheath Socletv
Trustees, Report (contlnued)
Statement of Trustèes, Responslbllitle5
The Trustees are responsible for preparin8 the Trustees. ieport and the financlal statements in accordance with
the United Kingdom ActountinE Standards Iunited Kingdom Generally Accepted Accounting Practice) and
applicable law and regulation5.
The law applicable to charities requlres the trustees to prepare financlal statements for each financial period
which give 3 true and fairview of the state of affalrs of the charity and of the incomlng reSoUrS and appllcatlon
of resouices of the charity for that period. In preparing these financial statements, the trustees are requlred to..
5elert suStable accounting policies and then apply them consistentlv;
observe the methods and principles in the Charities SORP;
make judgements and estimate5 Ihat are reasonable and prudent;
state whether applicable accountin8 Standards have been followed, sublect to any materi31 departures
disclosed and explained In the financial 5tatements- and
prepare ihe financtal statements on the 80ing concern basis unles5 It bs Inappropriate to presume that the
charlty will continue In bDslness.
The trustees are responslble for keeplng proper accounting records that di5c105e with reasonable accuracy at
ny time the financial p051tion of the charlty and enable them to ensure that the financial statements comply
with the Charities Act 2011. the Charitie5 IA¢counts and Reports) Regulations 2008, and the provisions of the
constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the preventlon and detection of fraud and other iTre8ularitles.
Approved by the Trustees of the charity on 19 May 2023 and signed on its behalf by..
Fwdb
Paul Watts
Chalr and Trustee
Page 6
The Blackheath Soclety
Independent Examiner's Report to the Trustees of The Blackheath Soclety
I reportto thecharlty Trustees on my èxamlnation of theaccounts of the charityfor the year ended 31 December
2022 which tomprise the Statement of Flnancial Activities. the Balance Sheet and related notes.
This report is made solely to the charlws Trustee5, as a body, In accordance wlth section 145 of the Charities
Act 2011. My work ha5 been undertaken so that I might state to the charitvs trustees those mattefs l am
requlred to State to them In thls report and for no other purpose. To the fullest extent permitted by law, I do
not accept or assume responslblllty to anyone other than the charity and the tharit¢s trustee5 as a body. for my
work, for thls report, or for the oplnions I have formed.
Respons5bllltles and basls of report
As the charity Trustees of The Blackheath Soclety you are responslble for the preparatlon of the accounts In
accordan with the requirements of the Charitles Art 20111'the ACVI.
I report in respect of my examination of The Blackheath Society's accounts carried out under section 145 of the
2011 Act and in carrylnÉ out my examination I have followed all the applicable Directlons glven by the CharStv
Commlsslon under 5ectlon 145lsllbl of the Att.
An independent examination does not Involve gathering all the evidence that would be required In an audit and
consequently doe5 not covèr 311 the matters that an auditor considers in Biving their opiniorb on the financial
statements. The planning and conduct of an audit goes beyond the limited assurance that an Independent
examination can provide. Consequenily l express no opinion as io whether the flnanclal statements pfesent a
'tsue and fairf vlew and my report Is limited to those specific matters set out in the Independent examinels
statement.
Independent examlnerfs statement
Since The Blackheath Society 'S 8ross Income exceeded £250,000 your examlnèr must be a member of a body
listed sectlon 145 of the 2011 Act. I confirm that l am qualified to undertake the examinatlon because l am a
member of ICAEW, whl¢h Is one of the listed bodies.
I have completed my examination. I confirm that no material mattels have come to my attention In connection
with the examlnation giving me cause to belleve that in any material respect..
l. accounting records were not kept In respect of The Blackheath Society as requlred by Section 130 of ihe
Act; or
2. the financial statement5 (Jo not accord with those records- or
3. the finaneial statemenls do not complywith the accountlng requlTements concernlngthe form and content
of accounts set out the Charitie5 (Accounts and Reports) Regulations 2008 other than ar¢y ¥equlrÈment
that the accounts give a 'true and fair vlew, whlch is not a rnatter considered a5 Part of an independent
examination.
I have no cortcems and have come across no other matters in connection with thè èxamination to which
attention should be drawn in this report in order to enable a proper understandin8 of the accounts to be
reached.
Page 7
The Blackheath Soclety
Independent Examiner'5 Report to the Trustee5 of The Blackheath Society (contlnued}
Klrsty Nicholls FCCA
Fleld Sullivan Chartered Accountants
9 Hare & Billet Road
Blackheath
London
SE3 ORB
Date..
2815123
Page 8
LTh Tr Ln
J PJ
o tsj (n
The Blackheath Society
(Registration number". 1196292)
Balance Sheet as at 31 December 2022
mparatlves
from
predecessor
tharlty
2021
2022
Nrte
FIMed assets
Investments
13
578,05S
567,968
Current assets
stocks
Debtors
Cash at bank and Fn hand
14
8,328
9,935
70,441
88,704
6.972
8.881
59,952
75,805
15
16
Cfedltors: Amounts falling due within one year
17
121,1121
111,3601
Net ¢urr¢nt assets
67,592
64,445
Total assets lèss current Uabllltles
625.647
632.413
Creditor5: Amounts falling due after more than one year
18
1917
19501
Net assets
644,730
631.463
Funds of the charlty:
Resiri£ted income funds
Restricied lunds
36,404
31,599
Unresirlrted Income funds
Unrestricted funds
608,326
599.864
Total fund5
19
644,730
631.463
The financial statements on pages 9 to 21 werè approved by the Trustees and authorlsed for issue on 19 May
2023 and signed on their behalf by=
Paul Watts
Trustee
Andrew Westbroo
Trustee
The note5 on pages 11 to 21 form an Integral part of these financial statemènts.
Page 10
The Blackheath 5oclety
Notes to the Flnancial Statements for the Period from 27 October 2021 to 31 December
2022
I Charlty status
The CharSty Is domiciled in England and Wales.
The address of Its registered olfice is-
The Old Bakehoyse
11 Blackheath VSlla8e
Blackheath
The Charltable Incorporated Organisatlon ICIOI was Incorporated on 27 October 2021 wlth Charlty number
1196292 and tgok over the business of the Blackheath Society from I january 2022 and all comparatlves arè
from the old Blackheath Soclety Charlty number 259843.
2 Accountlng poll¢les
statement of compllance
The financlal statements have been prepared in accordan with Accountlng and Reportlng by Charitles..
Statement of Recommended Practlce appllcable to charities preparln8 thelr actounts in accordance with the
Flnancial Reporting siahdard applicable in the UK and Republic of Ireland IFRS 1021 leffectlve l January 20191-
(Charities SORP IFRS 1021- Second edition Octobèr 20191, the Flnancl81 Reportlng Standard appllcable in the UK
and RepublSc of Ireland IFRS 1021. They also comply wlth the Companies Act 2006 and Charltles Act 2011.
Basls of preparatlon
The Blackheaih Soclety meets the definition of a public benefft entlty undei FRS 102. The accounts lfinanclal
statements) have been prepared under the hlstorlcal c05t Convention with Items recognlsed at cost or
transactlon value unless otherwlse stated In the relevant notel51 to these accounts.
Golng Concern
The trustees conslder that there are no material uncertaintles about the charlty's ablllly to contlnue as a goin8
concern.
Judgements and key sources of Èstlmatlon uncertalnty
In the application of the charity's accounting policies, the trustees are requlred to makeJud8ement5. estlmate5
and assumptions about the tarrying amount of assets and liabilities that are not readlly apparent from other
source5. The estimates and a550ciated assumptlon5 are based on historical experlence and other factors that are
considered to be relevant. Actual results may dlffer from these estlmates.
The estimates and underlying assumptions are revlewed on an ongoing basis. Revlsions to accountlng estimate5
are recognised in the perlods in which the estlmate is revised where revlsions affect only thal perlod, or In the
peilod of the revi51on and f¢Jture periods where the revisions affects both current and future perlods.
Income and endowments
Voluntary income includlng donations, gifts, legacle5 and grants that provide core funding or are of a general
nature Is recognised when the charity has entltlement to the income, It Is probable that the income will be
received and the amovnt can be measured wlth sffICient rellabllltv.
Page 11
The Blackheath Society
Notes to the Financial Statements for the Period from 27 October 2021 to 31 December
2022 (contlnued)
Donutlon5 ond legucles
DonatlOll5 and legacles are recognised on a recelvable basls when receipt Is probable and thè amount can be
reliably measured.
Deferred income
Deferred income represents amounts received for future periods and is released to incomin8 resources In the
period for which, it has been received. Such income is only defe¥red when..
The donor 5pe¢ifies that the grant or donation must only be used in futUTe accounting period5; or
The donoi has imposed conditions which must be met before the charity has uncorhdktional entitlement.
Expendlture
All expenditure is recognised once there is a legal or constructlve obllgation to that expenditure, it 15 probable
settlement is required and the amount Can be measured rellably. All costs are allocated to the applicable
expenditure headin8 that aggregate similar costs lo that category. Where c0515 cannot be directly attributed to
particular heading5 Ihey have been allocated on a basis consistent with the use of re50urce5, Wlth central staff
cost5 allocated on the basis of time spent, and depreclation charges allocated on the portlon of the asset'5 use.
Other support costs are allocated based on the Spread of staff costs.
Churituble ortlvlrfes
Charitable expenditure comprlses thosè costs Trncurred by the charity in the delivery of its activities and service5
for Its beneficlaries. It includes both costs that can be allocated directly to such activitie5 and those costs of an
Indlrect nature ne¢e$5ary to support them.
Support costs
Support Costs include central functions and have been allocated to activity cost cateBorles on a basis con51StÈnt
with the use of resources. for example, allocatlng property costs by floor aieas, or per Caplta, staff Costs by the
tlme spent and other costs by thelr usage.
Governance w5ts
These include the costs attributable to the charit$ compliance with constitutional and statutory requirements,
Including audlt, strategic management and tTUStees' meetings and relmbuised expenses.
Taxatlon
The charity is considered to pass the tests set out Sn Paragraph I Sthedule 6 of the Finance Act 2010 and
therefore it meets the deflnltlon of a charttablè company for UK corporation tax purp05es. Accordin8ly. the
charity is potentlally exempt from t3xatlon in Te5pect of income or capltal gains received wlthin categorie5
covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 orsection 256 of theTaxation of Chargeable Gains
Act 1992, to the extent that such income OT 8ains are applied exclusively to charilable purposes.
Oepreciation and amortlsatlon
Depreciatlon is provided on tanglble fixed assets so as to wrlte off the cost or valuation, less any estlmated
resSdual value, over their expected useful economic life a5 follows:
PaEe 12
The Blackheath Soclety
Notes to the Financial Statements for the Period from 27 Ortober 2021 to 31 December
20221continued)
Investment propertles
Investment property is carried at fair value, derived from the current maiket prices for comparable real estate
determined annually by external valuers. Thevaluers use observable market prices, adjusted if necessaryfor anv
diffeTence In the naiure, locatlon or condltlon of the speclflc asset. Changes in fair value are recognised in prgfit
or Ios5.
F5xed asset Investments
Fixed a55el investments, other than PTogfamme related investments, arelncluded at marketV31ue at the balance
sheet date. Realised gains and losses on investments are calculated as the difference belween Sales proceeds
and thelr market value at the start of the period, or thelr subsequent cost. and are charged or CTedited to the
Statement of Financial Activitie5 in the pèriod of disposal.
Unreallsed galns and losses represent the movement Sn market values during the period and are credited or
charged to the Statement of Financial Activltles based on the market value at the period end.
Stock
Stock Is valued at the lowèr of cost and estimated sellinÈ pricè less tosts to complete and sell, after due regard
for obsolete and slow movlng stocks. Cost is determlned usingthe flrsi.in, first-out IFIFOI.
Trade debtOTS
Tiade debtors are amount5 due from customers for merchandise sold or seryice5 performed in the ordinary
course of buslness.
Trade debtOTs ale recognised initially at the Iran5action Pfice. They are subsequently measured at amortised
cost Using the effective interest method, less provision for impairment. A provision for the impairment of trade
debtors 15 established when there is objective evldence that the charity will not be able to collect all amounts
due according to the original terms of the receivables.
Cash and cash equlvalents
Cash and cash equivalents comprise cash on hand and call dep051ts, arbd other 5hort-teTm highly liquid
investments that are ieadily convertible to a known amount of cash and ale subject to an insignificant risk of
change in value.
Fund structure
Unrestrlcted Income funds a¥e general funds that are avallable for use at the trustees dlsuetlon in furtherance
of the objectives of the charlty.
Restflcted Income funds are those donated for use In a partlcular area or for speclflc purposes, the use of whlch
is re5trlcted to that area or purpose.
Page 13
The Blackheath Society
Notes to the Financlal Statements for the Period from 27 October 2021 to 31 Dernber
2022 (continuedl
3 Income from donations and legacies
Comparative5
from
predecessor
Charltv
2021
Unrèstricted
lund5
Restricted
funds
Totsl 2022
Donations and legacies=
OnBlackheath
20,499
Donation5
30S
305
361
LB Lewi5ham
500
500
LBL Beacon
1,000
20,900
8.500
1,000
20.900
8.500
Christmas lights
Balcombe Charltable Trust
Gift Ald reclaSmed
Annual subscrlptlons
Life subscriptlOnS
4,673
12.788
411
12,218
348
12.218
12.871
30,900
43,771
38.732
4 Income from charltable activttie5
Comparatfve5
from
predecessor
Charity
2021
Unrestrfcted
fund5
Total 2022
Event income
4,669
4.252
8.921
4.669
4,252
8.921
Sale of publications and cards
8,830
8.830
5 Investment Income
Comparatlves
from
predetessor
Charity
2021
UnTestricted
funds
Total 2022
Bank Interest and dividend5
9,525
30.000
39,525
9.525
30.000
39,525
8,469
20.000
28,469
Income from investtnent properties
Page 14
The Blackheath Sotiety
Notes to the Flnanclal Statements for the Period from 27 Ortober 2021 to 31 December
2022 (continued)
6 Other Sncome
Comparatlves
from
predecessor
Charity
2021
Unrestrlcted
funds
Restrlcted
funds
Totsl 2022
Transfer from predecessor charity
Fee5 and supplie5
599,864
1,120
61)0,984
31,599
631,463
1,120
632,583
1,600
1.600
31,599
7 Expendlture on charltable actlvftle5
Comparatlves
from
predecessor
Charity
2021
Total 2022
Event expenses
Rubbish bins on the Heath
9,550
7,201
937
7.578
Christmas cards
Christmas lights
Rent and service charge
Books
Newslettèr and annual report
Staff costs
570
20,401
9,723
1,066
2.690
24,047
14,542
707
10.753
4.526
2,240
22,876
11,830
Support Costs
Total for perlod ended 31 December 2022
90,157
61.080
Page 15
The 8lackheath Socletv
Notes to the Financial Statements for the Period from 27 October 2021 to 31 December
2022 qcontlnuedl
8 Analys5s of support costs
Comparatlves
from
predetessor
Charity
2021
Total 2022
Staff tralnlng
Insurance
320
297
385
Office expenses
Bank charges
Othei charges
Computer 50ftware and maintenance
Pilnting, postage and telephone
Sundrie5
Cost of trustee meetings
Independent examlnation
Bookkeeping
Legal and professional
774
92
42
3,000
¥125
567
2,907
817
612
300
2,298
2,050
3,997
14,542
2,088
2,313
2,388
11,830
9 Trustees remuneration and eMpen5e5
Mo trustees, nor any persons connected wlth them, have recelved any remuneration from the charity duringthe
year.
10 Staff costs
The aggregate payroll costs were as follows=
Comparatl¥es
flom
prede$50
Charlty
2021
Total 2022
Stsff costs during the period were:
Wages and salaries
Penslon costs
20,633
3,414
24.047
19.562
3,314
22.876
No employee received emoluments of more than £60,000 during the period.
Page 16
The Blackheath Soclety
Notes to the Financial Statements for the Perlod from 27 October 2021 to 31 Dember
2022 (continued)
11 Taxation
The charity Is a regiSted charlty and is therefore exempt from taxatlon.
12 Tanglble flxed assets
Furniture and
equipment
Total
Cost
Transfer from predece550r trust
Dlsposals
3,283
11,2001
3,283
11,2001
At 31 December 2022
2,083
Depretiatlon
Transfer from predecessor triist
ElimÈnated on dlsposals
3.283
1,2001
3.283
11,2001
At 31 December 2022
2,083
2,083
Net bookvalue
At 31 December 2022
omparativesfrom predesSor Charlty 2021
13 fixed asset Investments
Comparatives
from
predeCeOr
Charity
2021
2022
Investment properties
Other Investments
410,000
168,055
578,055
390,000
177,968
567,968
Page 17
The Blackheath Soclety
Notes to the Flnanclal Statements for the Period from 27 October 2021 to 31 December
2022 (continued)
Investmènt propertles
Investment
propertles
Cost orvaluatlon
At 27 October 2021
Transfer from predeces50r charity
Revaluation
390,000
20,000
At 31 December 2022
410,000
Provlslon
At 31 December 2022
Net book value
At 31 December 2022
410,000
mpaiatlves from predecessor Charlty 2021
390,00
The freehold property, Tianquil Hall, wa5 bequeathed to the Society in 1975 and is held as investmerkt property.
The original value of the property on acqui51tion was £12,500. The property was revalued by Baxter Philip5 on
31 December 2022 at £410,000 as market value, and agreed on as a suitable valuation at 31 December 2022 bv
the trustees.
Other Investments
Unllsted
Investments
Total
Cost or Valuatlon
At 27 October 2021
Transfer from predece$50r charlty
Revaluation
177,968
19,9131
177,968
19,9131
At 31 December 2022
168,055
168,055
Net book value
At 31 Decembei 2022
168,055
168,055
mparatlves from pdece$SOr Charlty 2021
J77.968
177,96
Other investments ar 31 December 2022 comprlse 11,436 units12021: 11,4361 of M&G Investments Charlfund
units.
PaEe 18
The Blackheath Society
Note5 to the Financial Statements for the Perlod from 27 October 2021 to 31 December
2022 (continued)
14 Stock
cOmpar1Ve$ from
rede¢essoT Charity 2021
2022
Stocks
8,328
6,972
15 Debtors
Comparatlves from
predecessor Charlty 2021
2022
Prepayments
Other debtors
97
9,838
9.935
8,881
8,881
16 Cash and cash equlvalents
Comparat*ves from
redecessor CharSty 2021
2022
Cash at bank
70,441
59,952
17 CTrdltors: amounts falling due wfthln one year
Comparative5 from
predecessor Charity 2021
2022
other creditors
7.500
4,038
9,574
21.112
Atcrua15
4,271
7,089
11.360
Deferred income
18 Credltors: amounts falllng due after one year
Comparative3from
predefe550r Charity 2021
2022
Deferred tn¢ome
917
950
Page 19
The Blatkheath Society
Notes to the Flnandal Statements for the Perlod from 27 Ortober 2021 to 31 Decernber
2022 {contlnued)
19 Funds
Transfers from
predecessor
Charltv
Other
Resour5
recoEnised
expended Ealnslllossesl
Balance at 31
December
2022
Incomlng
resource5
Transfers
Unrestrkted funds
General Funds
599,864
62,437
159,0621
10,087
15,0001
608,326
Restrlcted fund5
OnBlackheath
Chrlstmas Lights
Platlnum Jubllee
8eacon Event
31,599
19,1941
120,4011
22.405
5,499
20,900
5,000
1,000
500
11.0001
15001
Kite day
Talbot Place
8,500
30,900
8,500
36,404
31,599
131,0951
5,000
Totsl funds
631,463
93,337
190,1571
10,087
644,730
omparatlves from
rede$SOr Charlty
21
Incomlng
Yesources
Res0rceS
empended
other reco8nlsed Balance at 31
galnslllossesl
December 2021
Balance al I
January2021 £
nrestrfttedfvnd5
eneral Funds
578,012
57,132
156,2801
21,000
599,864
eslri¢ted funds
nBl3ckheath
15,900
20.499
14,8001
31,599
otsl fvnds
593,912
77,631
161,0801
21,000
631,463
The speclfic purposès for whlch the funds are to be applled are as follows..
OnBlackheath these amounts represent monles received from the On Blackheath muslt festiva15 in 2018 and
earlierto be used on comrnunity project5 on the heath thal have been proposed by the Blackheathjoint Working
Party.
Christmas Llehts- to arrange'8lackheath Xmas Ilghts, for the village.
Talbot Place- to be vsed for the Talbot Place play area.
Page 20
The Blackheath Soclety
Notes to the Flnanclal Statements for the Perfod from 27 Ottober 2021 to 31 December
2022 (continued)
Note 19 {ContIned1...
A total of £631,463 was transferred from the Society when they turned from an unincorporated charity to a CIO,
to cover the funds that were held at 31st December 2021.
A total of £5,10 was transferred from unrestricted funds to restdcted funds- Chri5tma5 Lights as the Sodety
agreed to Contribute £5,000.
20 Analysls of net assets between funds
Unrestrlcted
funds
Total funds at 31
Decembèr
2022
Restrlcted
funds
Flxed asset investments
578,055
52.300
121,1121
1917
578.055
88,704
121,1121
19171
Current assets
36,404
Current liabilitie5
Creditors over l yea¥
Total net assets
608,326
36,404
644,730
ompar•lvesltom predecessor Ch8rlty 2021
Unrestrlcted
funds
Total funds at ai
December
2021
Re51rlrted
funds
IKed asset investments
567.968
44,206
{11,3601
19501
567,968
75,805
111,360
1950
rrent assets
31,599
urrent liabilitles
reditors over I year
otal net JSset5
599,864
15.900
631,463
PaBe 21
Charlty registration number: 1196292
The Blackheath Society
Annual Report and Financial Statements
for the period from 27 October 2021 to 31 December 2022
Field SullSvan Limited
9 Hare & Blllet Road
Blackheath
London
SE3 ORB
The Blackheath society
Contents
Reference and A¢Jmlnlstratlve Oetalls
Tru51ees' Report
2to6
Independent Examlner's Report
7t08
Statement of Flnanclal Activities
Balance Sheet
io
Notes to the Flnanclal Statements
iito21
The Blackheath Soclety
Reference and Administrative Detalls
Trustees
Paul Watts- Chair
Dame Helen Reeves- Ifice-chalr
Andfew Westbrook- Treasurer
John 8artram
Allan Griffin
Sarah Mansfield
Nlcholas Patton
Nlcola Peers
John Sthoffteld
Howard Shields
Dlane Summers
Ana Sutherland
DavSd Walker
Elizabeth Wri8ht
Secretary
Satha Bright
Presldent
Nell Rhind
VIcè¥Presldents
Davld Quarmby
Tony Aldous
Lord Stone of Blackheath
Charity Re8i5tratlon Number
1196292
Prlnclpal offlce
The Old Bakehou5e
11 Blackheath Village
Blackheath
London
SE3 9LA
Independent Examlner
Field Sullivan Limited
9 Hare & Billet Road
Blackheath
London
SE3 ORB
Page I
The Blackheath Soclety
Trustees, Report
The Trustees present the annual report together with the financlal statements of the charity for the perlod
ended 31 December 2022.
Chalrfs Introdurtlon
l am pleased to present the flrst annual report of our new Charltable Incorporated Organisation ICIOI. The CIO
was incorporated In October 2021, and with effect from l January 2022. the activities, assets. and liabilities of
the Blackheath SoEiety were transferred to the new structure. Last year was the 85th annlversary of the
formation of the Society in 1937 and I very much hope that our founders and orlginal trustees would look
favourably on the continued activities of the Society in what has been another very active year.
Our events team produced a full programme of walks and talks, Includlng a very entertaining evening "Rock
around Blackheath" in May. with many memorles and local links to famous bands and musitlans. We also Ilt a
beacon on the Heath to mark HM The Queen's PlatinLtm Jubilee in June and held our second Kite Day there in
OctobÈr, when we a150 planted our Queen Ellzabeth 11 Oak in memory of Her Malesty. The architecture group
goes from strength to strength and ran a full proEramme of events.
In the Village. we Saw several changes to local busln@sses Wlth some c105in& including Barclays our last bank and
whilst wè welcome new enlerprise%, we recognise that many local buslnesses arè faclnE challenging times in the
current Cost of living crisis and deserve otsr sUPPOrt. We ran è stsceessful fund-raisln@ campaign to pay for new
Chrlstmas lights for thèvillage and are grateful for the support of many local businesses. We also supported the
restoration of a 8rade11 Ilsted phone box In KinÉswood Place. A blue plaque was unveiled to recognise the Ma5$
Observation social survey oiganlsatlon which started Its Ilfe In Grotes Plao 1937. We a150 8551Sted wlth the
project for a new chlldren's play area at Talbot Place, which won a grant from Lewlsham Council, and we look
forward to the play area hopefully finally openin818ter this year.
The planning group, whlch has ten volunteer5 who examine i55ue5 of planning policy and scrutinise all
pplications in our area, continued Its irnportant work. There were 668 plannin8 application5 in 20221350 in
Greenwich and 318 in Lewishaml, 311 were looked at and 85 of them were examined In detail. There are several
ptstential new projects in the Village which came to our attention In 2022, including proposals for Blackheath
Statlon car park, although none have yet commenced. A fuller report on the work of the plar7nlng team in 2022
can be found in the Spring 2023 newsletter.
The Society narrowly regained the Golden Elephant trophy in the annual Cricket match against the Gfeenwich
Society in July. The West Greenwich Graffiti Removal group, of whlch the Society was a founding member,
achleved the milestone of removing over 12,500 defacements since It was formed in 2008.
A Major campaign was launched In the Autumn when we learnt of Southeastern tralns changes to the December
2022 rall timetable. with all off-peak service5 at Blackheath bein8 terminated at Cannon Street rather than
Charing Cross, removing direct services to Waterloo East and Charing Cross after more than 150 years. We are
grateful for the 5UPPOft of existing members. local politiclans, and many new membeis Sn opposin8 the5È
thanBes. There has been a token gesture by the rall company in reinslatlng an hourly Charing Cross off-peak
Serv1 from May 2023, but the campaign continues.
The Blackheath Joint Working Party had a quieter year, 3% its former chair stood down, and we are actlvelv
encouraglng Greenwich and iewisham Councils to re-instate regular meetings of this important group. The
annual Heath clean-up day in October worklng wlth member5, lotal councillors, and other volunteers was
another great success.
PaEe 2
The Blackheath Soclety
TrusteÈ5' Report Icontlnued)
Our archlve team continued to be busy di8ltt5inB much material and benefited from the donatlon of further
collectlons during the yeaT.
We welcomed 95 hew members Sn 2022, some as a result of the rall campaign. We held several new member5,
evenings to understand interests and there are always OPPOrtttnltlès for both new and exlstlng member5 to
assist the Society in its many areas of activity.
We learnt with deep sadness of the death of local community supporterSir lan Mllls. and a tflbutewas publlshed
In the Spring riewsletter.
I would Ilke to conclude with my sintere thanks to our many volurhteers, to my fellow Trustees, and especially to
our secretary Sacha Brlght for her enthuslasm and dedlcation to ihe SocSety dLbring the year.
Trustees and offlcers
The trustees and offlcers serving durlng the year and since the year end were as follow5=
Chèlr..
Paul Watts lappolnted 13 December 20211
Vice-chalr..
Dame Helen Reeves lappolnted 13 December 20211
Treasurer:
Andrew Westbrook lappointed 13 December 20211
Trustees..
John Bartram lappoirbted 13 December 20211
Allan Griffin (appointed 13 December 20211
Sarah Mansfield (appointed 13 December 20211
Nicholas Patton lappolnted 13 December 20211
Nicola Peers {appoSnted 13 Dember 20211
John Schofield lappolnted 13 Decernber 20211
Howard Shields (appointed 13 December 20211
Diane Summers lappolnted 13 December 20211
Ana Sutherland lappointed 22 September 20221
David Walker lappointÈd 13 December 20211
Ellzabeth Wright lappolnted 13 December 2021}
Pa8e 3
The Blackheath Socletv
Trustees, Report (contlnued)
Presldent..
Neil Rhind lappointed 13 December 20211
Secretary..
Sacha BFlght lappoSnted 27 October 20211
Vice-PrÈsident%=
David Quarmby (appointed 13 December 20211
Tony Aldous (appointed 13 December 20211
Lord Stone of Blatkheath lappointed 13 De£ember 2021
Rlsk management
The Trustees regularly review the malor rlsks to whlch the Soclety is exposeil. Wherè appropriate, systems or
procedu¥e5 have be@n e5tabllshed to mitigate the risks thatthe5oclety faces. Internal control risks are mlnimised
by the operation of PFocedures for the auihorisation of all transactions and project5, and through the use of B
risk re8lSter thal is reviewed regularly by the Trustee5.
Publlc Benefft
The Trtfrstees confirm that they have referred to the guidance contained in the Charlty Commission's general
guidance on public beneftt when reviewing the chafitls objectives and activities and in the planning of future
activities. It is the judgement of the Trustees that actlvitie5 In pursuit of the above objectives fully meet the
public benefit test, which they have kept in mind in planning programmes for the charlty. In deliveTing servltes
nd In the appolntment of slaff, volunteeTS and t¥tsstees the charity operates a strict policy of no discrimination
on any grounds.
Flnanclal revlew
The Societ¢s results on unrestricted funds, before 8alns or losses ot) investment assets, was a surplus of
£3,37512021- £8521. This does not Include the £599,864 transferred to CIO from the Societv.
The So£lety's annual income, mainly from membershlp fees and investment Sncome, covers routlne office and
other overhèads. Expenditure on additional prolect5 ènd actlvities is generally fvnded by reserves or from
donations and other sources.
There was however an increase in total funds as h result of the gain on investments and recelpt of historical
fund% relating to On Blackheath. The Society sèw an Sncrease in total funds of E13,26712021: £37,5511 for the
year.
Membership saw an increase to 889 households12021'. 8551. The membershlp fee remalns at £20 per annum
for 2023 and has been unchanged since 2018.
With the Covld-19 pandemic ongolng durlng much of the year, The Soclety conlinued much of its endeavours
online to continue to provlde vlrtual 'Walk and talk5, to membèrs. All monles rece5ved to 5UPPOTt these
projects and relevant e¥pendTrture is shown under our unrestricted funds In the accounts.
Page 4
The Blackheath Socletv
Tru5tees' Report Icontinued)
The Equities Investment Fund for Chaflties Icharifundl Investments included withln flxed assets was held at
168,05512021; £177,968). The Charifund generated income for the year of £9,52512021.. £8,469).
We contlnued to hold a property Investment asset, Ihe freehold of Tranquil Hall in Blackheath Village, which
was revalued in 20221$ held at £410,000 in the accounts12021.' f390,00013nd Is rented to Heath House, a
local Pieparatory School.
The SocietWs total fun(Is were £644,730 at 31 December 202212021.. £631.4631 and we remain in a strong
financial posilion.
Investmentpollcy andobjectives
The Trustees adopt a prudent policy and surplus funds are currently held in bank deposlt accounts, Invested In
Charifund unils.The Charifund intome for the year was £9,525 representing a yield of 5.67%12021: 4.76%) on
closing valuatlon of £168,055.
Polltyon resetves
The TrustÈes regularly revlew the SocSetVs requlrements for reserves in the IIEht of the main risks to the
orBanlsation.
The annual income of the Socletyls derSved from mernbers, subscriptions, donations, investment income and
from the rental Income received on Tranqull Hall.
The Trustees aim to ensure that annual running COSt5 Hre controlled carefully and are met from annual Income,
and that budgets are set a¢cordln@Iy. In the case of special projects, external grants and donations are sought
and rat5ed wherever possible, but always In conjunctlon with the use of the Socletvs own destgnated funds.
The posslbility always exlstSthat a situation might arise where the Trustees would feel It right to incur signlficani
professional and other costs to meet the oblects of the Society. For these reasons, it 15 considered vital to hold
sufficient unrestricted financial reserve5 to be drawn on in periods of emergency and cash-flow difficulty to
protect the Soclety from ihe risk of insolvency and from serious d15ruptlon to its work, and to enable It to mount
any major campaign thought appropriate.
The Trustees therefore ¢onsldÈr that the resee$ held are at an approprlate level at 31 December 2022.
Page S
The Blackheath Socletv
Trustees, Report (contlnued)
Statement of Trustèes, Responslbllitle5
The Trustees are responsible for preparin8 the Trustees. ieport and the financlal statements in accordance with
the United Kingdom ActountinE Standards Iunited Kingdom Generally Accepted Accounting Practice) and
applicable law and regulation5.
The law applicable to charities requlres the trustees to prepare financlal statements for each financial period
which give 3 true and fairview of the state of affalrs of the charity and of the incomlng reSoUrS and appllcatlon
of resouices of the charity for that period. In preparing these financial statements, the trustees are requlred to..
5elert suStable accounting policies and then apply them consistentlv;
observe the methods and principles in the Charities SORP;
make judgements and estimate5 Ihat are reasonable and prudent;
state whether applicable accountin8 Standards have been followed, sublect to any materi31 departures
disclosed and explained In the financial 5tatements- and
prepare ihe financtal statements on the 80ing concern basis unles5 It bs Inappropriate to presume that the
charlty will continue In bDslness.
The trustees are responslble for keeplng proper accounting records that di5c105e with reasonable accuracy at
ny time the financial p051tion of the charlty and enable them to ensure that the financial statements comply
with the Charities Act 2011. the Charitie5 IA¢counts and Reports) Regulations 2008, and the provisions of the
constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the preventlon and detection of fraud and other iTre8ularitles.
Approved by the Trustees of the charity on 19 May 2023 and signed on its behalf by..
Fwdb
Paul Watts
Chalr and Trustee
Page 6
The Blackheath Soclety
Independent Examiner's Report to the Trustees of The Blackheath Soclety
I reportto thecharlty Trustees on my èxamlnation of theaccounts of the charityfor the year ended 31 December
2022 which tomprise the Statement of Flnancial Activities. the Balance Sheet and related notes.
This report is made solely to the charlws Trustee5, as a body, In accordance wlth section 145 of the Charities
Act 2011. My work ha5 been undertaken so that I might state to the charitvs trustees those mattefs l am
requlred to State to them In thls report and for no other purpose. To the fullest extent permitted by law, I do
not accept or assume responslblllty to anyone other than the charity and the tharit¢s trustee5 as a body. for my
work, for thls report, or for the oplnions I have formed.
Respons5bllltles and basls of report
As the charity Trustees of The Blackheath Soclety you are responslble for the preparatlon of the accounts In
accordan with the requirements of the Charitles Art 20111'the ACVI.
I report in respect of my examination of The Blackheath Society's accounts carried out under section 145 of the
2011 Act and in carrylnÉ out my examination I have followed all the applicable Directlons glven by the CharStv
Commlsslon under 5ectlon 145lsllbl of the Att.
An independent examination does not Involve gathering all the evidence that would be required In an audit and
consequently doe5 not covèr 311 the matters that an auditor considers in Biving their opiniorb on the financial
statements. The planning and conduct of an audit goes beyond the limited assurance that an Independent
examination can provide. Consequenily l express no opinion as io whether the flnanclal statements pfesent a
'tsue and fairf vlew and my report Is limited to those specific matters set out in the Independent examinels
statement.
Independent examlnerfs statement
Since The Blackheath Society 'S 8ross Income exceeded £250,000 your examlnèr must be a member of a body
listed sectlon 145 of the 2011 Act. I confirm that l am qualified to undertake the examinatlon because l am a
member of ICAEW, whl¢h Is one of the listed bodies.
I have completed my examination. I confirm that no material mattels have come to my attention In connection
with the examlnation giving me cause to belleve that in any material respect..
l. accounting records were not kept In respect of The Blackheath Society as requlred by Section 130 of ihe
Act; or
2. the financial statement5 (Jo not accord with those records- or
3. the finaneial statemenls do not complywith the accountlng requlTements concernlngthe form and content
of accounts set out the Charitie5 (Accounts and Reports) Regulations 2008 other than ar¢y ¥equlrÈment
that the accounts give a 'true and fair vlew, whlch is not a rnatter considered a5 Part of an independent
examination.
I have no cortcems and have come across no other matters in connection with thè èxamination to which
attention should be drawn in this report in order to enable a proper understandin8 of the accounts to be
reached.
Page 7
The Blackheath Soclety
Independent Examiner'5 Report to the Trustee5 of The Blackheath Society (contlnued}
Klrsty Nicholls FCCA
Fleld Sullivan Chartered Accountants
9 Hare & Billet Road
Blackheath
London
SE3 ORB
Date..
2815123
Page 8
LTh Tr Ln
J PJ
o tsj (n
The Blackheath Society
(Registration number". 1196292)
Balance Sheet as at 31 December 2022
mparatlves
from
predecessor
tharlty
2021
2022
Nrte
FIMed assets
Investments
13
578,05S
567,968
Current assets
stocks
Debtors
Cash at bank and Fn hand
14
8,328
9,935
70,441
88,704
6.972
8.881
59,952
75,805
15
16
Cfedltors: Amounts falling due within one year
17
121,1121
111,3601
Net ¢urr¢nt assets
67,592
64,445
Total assets lèss current Uabllltles
625.647
632.413
Creditor5: Amounts falling due after more than one year
18
1917
19501
Net assets
644,730
631.463
Funds of the charlty:
Resiri£ted income funds
Restricied lunds
36,404
31,599
Unresirlrted Income funds
Unrestricted funds
608,326
599.864
Total fund5
19
644,730
631.463
The financial statements on pages 9 to 21 werè approved by the Trustees and authorlsed for issue on 19 May
2023 and signed on their behalf by=
Paul Watts
Trustee
Andrew Westbroo
Trustee
The note5 on pages 11 to 21 form an Integral part of these financial statemènts.
Page 10
The Blackheath 5oclety
Notes to the Flnancial Statements for the Period from 27 October 2021 to 31 December
2022
I Charlty status
The CharSty Is domiciled in England and Wales.
The address of Its registered olfice is-
The Old Bakehoyse
11 Blackheath VSlla8e
Blackheath
The Charltable Incorporated Organisatlon ICIOI was Incorporated on 27 October 2021 wlth Charlty number
1196292 and tgok over the business of the Blackheath Society from I january 2022 and all comparatlves arè
from the old Blackheath Soclety Charlty number 259843.
2 Accountlng poll¢les
statement of compllance
The financlal statements have been prepared in accordan with Accountlng and Reportlng by Charitles..
Statement of Recommended Practlce appllcable to charities preparln8 thelr actounts in accordance with the
Flnancial Reporting siahdard applicable in the UK and Republic of Ireland IFRS 1021 leffectlve l January 20191-
(Charities SORP IFRS 1021- Second edition Octobèr 20191, the Flnancl81 Reportlng Standard appllcable in the UK
and RepublSc of Ireland IFRS 1021. They also comply wlth the Companies Act 2006 and Charltles Act 2011.
Basls of preparatlon
The Blackheaih Soclety meets the definition of a public benefft entlty undei FRS 102. The accounts lfinanclal
statements) have been prepared under the hlstorlcal c05t Convention with Items recognlsed at cost or
transactlon value unless otherwlse stated In the relevant notel51 to these accounts.
Golng Concern
The trustees conslder that there are no material uncertaintles about the charlty's ablllly to contlnue as a goin8
concern.
Judgements and key sources of Èstlmatlon uncertalnty
In the application of the charity's accounting policies, the trustees are requlred to makeJud8ement5. estlmate5
and assumptions about the tarrying amount of assets and liabilities that are not readlly apparent from other
source5. The estimates and a550ciated assumptlon5 are based on historical experlence and other factors that are
considered to be relevant. Actual results may dlffer from these estlmates.
The estimates and underlying assumptions are revlewed on an ongoing basis. Revlsions to accountlng estimate5
are recognised in the perlods in which the estlmate is revised where revlsions affect only thal perlod, or In the
peilod of the revi51on and f¢Jture periods where the revisions affects both current and future perlods.
Income and endowments
Voluntary income includlng donations, gifts, legacle5 and grants that provide core funding or are of a general
nature Is recognised when the charity has entltlement to the income, It Is probable that the income will be
received and the amovnt can be measured wlth sffICient rellabllltv.
Page 11
The Blackheath Society
Notes to the Financial Statements for the Period from 27 October 2021 to 31 December
2022 (contlnued)
Donutlon5 ond legucles
DonatlOll5 and legacles are recognised on a recelvable basls when receipt Is probable and thè amount can be
reliably measured.
Deferred income
Deferred income represents amounts received for future periods and is released to incomin8 resources In the
period for which, it has been received. Such income is only defe¥red when..
The donor 5pe¢ifies that the grant or donation must only be used in futUTe accounting period5; or
The donoi has imposed conditions which must be met before the charity has uncorhdktional entitlement.
Expendlture
All expenditure is recognised once there is a legal or constructlve obllgation to that expenditure, it 15 probable
settlement is required and the amount Can be measured rellably. All costs are allocated to the applicable
expenditure headin8 that aggregate similar costs lo that category. Where c0515 cannot be directly attributed to
particular heading5 Ihey have been allocated on a basis consistent with the use of re50urce5, Wlth central staff
cost5 allocated on the basis of time spent, and depreclation charges allocated on the portlon of the asset'5 use.
Other support costs are allocated based on the Spread of staff costs.
Churituble ortlvlrfes
Charitable expenditure comprlses thosè costs Trncurred by the charity in the delivery of its activities and service5
for Its beneficlaries. It includes both costs that can be allocated directly to such activitie5 and those costs of an
Indlrect nature ne¢e$5ary to support them.
Support costs
Support Costs include central functions and have been allocated to activity cost cateBorles on a basis con51StÈnt
with the use of resources. for example, allocatlng property costs by floor aieas, or per Caplta, staff Costs by the
tlme spent and other costs by thelr usage.
Governance w5ts
These include the costs attributable to the charit$ compliance with constitutional and statutory requirements,
Including audlt, strategic management and tTUStees' meetings and relmbuised expenses.
Taxatlon
The charity is considered to pass the tests set out Sn Paragraph I Sthedule 6 of the Finance Act 2010 and
therefore it meets the deflnltlon of a charttablè company for UK corporation tax purp05es. Accordin8ly. the
charity is potentlally exempt from t3xatlon in Te5pect of income or capltal gains received wlthin categorie5
covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 orsection 256 of theTaxation of Chargeable Gains
Act 1992, to the extent that such income OT 8ains are applied exclusively to charilable purposes.
Oepreciation and amortlsatlon
Depreciatlon is provided on tanglble fixed assets so as to wrlte off the cost or valuation, less any estlmated
resSdual value, over their expected useful economic life a5 follows:
PaEe 12
The Blackheath Soclety
Notes to the Financial Statements for the Period from 27 Ortober 2021 to 31 December
20221continued)
Investment propertles
Investment property is carried at fair value, derived from the current maiket prices for comparable real estate
determined annually by external valuers. Thevaluers use observable market prices, adjusted if necessaryfor anv
diffeTence In the naiure, locatlon or condltlon of the speclflc asset. Changes in fair value are recognised in prgfit
or Ios5.
F5xed asset Investments
Fixed a55el investments, other than PTogfamme related investments, arelncluded at marketV31ue at the balance
sheet date. Realised gains and losses on investments are calculated as the difference belween Sales proceeds
and thelr market value at the start of the period, or thelr subsequent cost. and are charged or CTedited to the
Statement of Financial Activitie5 in the pèriod of disposal.
Unreallsed galns and losses represent the movement Sn market values during the period and are credited or
charged to the Statement of Financial Activltles based on the market value at the period end.
Stock
Stock Is valued at the lowèr of cost and estimated sellinÈ pricè less tosts to complete and sell, after due regard
for obsolete and slow movlng stocks. Cost is determlned usingthe flrsi.in, first-out IFIFOI.
Trade debtOTS
Tiade debtors are amount5 due from customers for merchandise sold or seryice5 performed in the ordinary
course of buslness.
Trade debtOTs ale recognised initially at the Iran5action Pfice. They are subsequently measured at amortised
cost Using the effective interest method, less provision for impairment. A provision for the impairment of trade
debtors 15 established when there is objective evldence that the charity will not be able to collect all amounts
due according to the original terms of the receivables.
Cash and cash equlvalents
Cash and cash equivalents comprise cash on hand and call dep051ts, arbd other 5hort-teTm highly liquid
investments that are ieadily convertible to a known amount of cash and ale subject to an insignificant risk of
change in value.
Fund structure
Unrestrlcted Income funds a¥e general funds that are avallable for use at the trustees dlsuetlon in furtherance
of the objectives of the charlty.
Restflcted Income funds are those donated for use In a partlcular area or for speclflc purposes, the use of whlch
is re5trlcted to that area or purpose.
Page 13
The Blackheath Society
Notes to the Financlal Statements for the Period from 27 October 2021 to 31 Dernber
2022 (continuedl
3 Income from donations and legacies
Comparative5
from
predecessor
Charltv
2021
Unrèstricted
lund5
Restricted
funds
Totsl 2022
Donations and legacies=
OnBlackheath
20,499
Donation5
30S
305
361
LB Lewi5ham
500
500
LBL Beacon
1,000
20,900
8.500
1,000
20.900
8.500
Christmas lights
Balcombe Charltable Trust
Gift Ald reclaSmed
Annual subscrlptlons
Life subscriptlOnS
4,673
12.788
411
12,218
348
12.218
12.871
30,900
43,771
38.732
4 Income from charltable activttie5
Comparatfve5
from
predecessor
Charity
2021
Unrestrfcted
fund5
Total 2022
Event income
4,669
4.252
8.921
4.669
4,252
8.921
Sale of publications and cards
8,830
8.830
5 Investment Income
Comparatlves
from
predetessor
Charity
2021
UnTestricted
funds
Total 2022
Bank Interest and dividend5
9,525
30.000
39,525
9.525
30.000
39,525
8,469
20.000
28,469
Income from investtnent properties
Page 14
The Blackheath Sotiety
Notes to the Flnanclal Statements for the Period from 27 Ortober 2021 to 31 December
2022 (continued)
6 Other Sncome
Comparatlves
from
predecessor
Charity
2021
Unrestrlcted
funds
Restrlcted
funds
Totsl 2022
Transfer from predecessor charity
Fee5 and supplie5
599,864
1,120
61)0,984
31,599
631,463
1,120
632,583
1,600
1.600
31,599
7 Expendlture on charltable actlvftle5
Comparatlves
from
predecessor
Charity
2021
Total 2022
Event expenses
Rubbish bins on the Heath
9,550
7,201
937
7.578
Christmas cards
Christmas lights
Rent and service charge
Books
Newslettèr and annual report
Staff costs
570
20,401
9,723
1,066
2.690
24,047
14,542
707
10.753
4.526
2,240
22,876
11,830
Support Costs
Total for perlod ended 31 December 2022
90,157
61.080
Page 15
The 8lackheath Socletv
Notes to the Financial Statements for the Period from 27 October 2021 to 31 December
2022 qcontlnuedl
8 Analys5s of support costs
Comparatlves
from
predetessor
Charity
2021
Total 2022
Staff tralnlng
Insurance
320
297
385
Office expenses
Bank charges
Othei charges
Computer 50ftware and maintenance
Pilnting, postage and telephone
Sundrie5
Cost of trustee meetings
Independent examlnation
Bookkeeping
Legal and professional
774
92
42
3,000
¥125
567
2,907
817
612
300
2,298
2,050
3,997
14,542
2,088
2,313
2,388
11,830
9 Trustees remuneration and eMpen5e5
Mo trustees, nor any persons connected wlth them, have recelved any remuneration from the charity duringthe
year.
10 Staff costs
The aggregate payroll costs were as follows=
Comparatl¥es
flom
prede$50
Charlty
2021
Total 2022
Stsff costs during the period were:
Wages and salaries
Penslon costs
20,633
3,414
24.047
19.562
3,314
22.876
No employee received emoluments of more than £60,000 during the period.
Page 16
The Blackheath Soclety
Notes to the Financial Statements for the Perlod from 27 October 2021 to 31 Dember
2022 (continued)
11 Taxation
The charity Is a regiSted charlty and is therefore exempt from taxatlon.
12 Tanglble flxed assets
Furniture and
equipment
Total
Cost
Transfer from predece550r trust
Dlsposals
3,283
11,2001
3,283
11,2001
At 31 December 2022
2,083
Depretiatlon
Transfer from predecessor triist
ElimÈnated on dlsposals
3.283
1,2001
3.283
11,2001
At 31 December 2022
2,083
2,083
Net bookvalue
At 31 December 2022
omparativesfrom predesSor Charlty 2021
13 fixed asset Investments
Comparatives
from
predeCeOr
Charity
2021
2022
Investment properties
Other Investments
410,000
168,055
578,055
390,000
177,968
567,968
Page 17
The Blackheath Soclety
Notes to the Flnanclal Statements for the Period from 27 October 2021 to 31 December
2022 (continued)
Investmènt propertles
Investment
propertles
Cost orvaluatlon
At 27 October 2021
Transfer from predeces50r charity
Revaluation
390,000
20,000
At 31 December 2022
410,000
Provlslon
At 31 December 2022
Net book value
At 31 December 2022
410,000
mpaiatlves from predecessor Charlty 2021
390,00
The freehold property, Tianquil Hall, wa5 bequeathed to the Society in 1975 and is held as investmerkt property.
The original value of the property on acqui51tion was £12,500. The property was revalued by Baxter Philip5 on
31 December 2022 at £410,000 as market value, and agreed on as a suitable valuation at 31 December 2022 bv
the trustees.
Other Investments
Unllsted
Investments
Total
Cost or Valuatlon
At 27 October 2021
Transfer from predece$50r charlty
Revaluation
177,968
19,9131
177,968
19,9131
At 31 December 2022
168,055
168,055
Net book value
At 31 Decembei 2022
168,055
168,055
mparatlves from pdece$SOr Charlty 2021
J77.968
177,96
Other investments ar 31 December 2022 comprlse 11,436 units12021: 11,4361 of M&G Investments Charlfund
units.
PaEe 18
The Blackheath Society
Note5 to the Financial Statements for the Perlod from 27 October 2021 to 31 December
2022 (continued)
14 Stock
cOmpar1Ve$ from
rede¢essoT Charity 2021
2022
Stocks
8,328
6,972
15 Debtors
Comparatlves from
predecessor Charlty 2021
2022
Prepayments
Other debtors
97
9,838
9.935
8,881
8,881
16 Cash and cash equlvalents
Comparat*ves from
redecessor CharSty 2021
2022
Cash at bank
70,441
59,952
17 CTrdltors: amounts falling due wfthln one year
Comparative5 from
predecessor Charity 2021
2022
other creditors
7.500
4,038
9,574
21.112
Atcrua15
4,271
7,089
11.360
Deferred income
18 Credltors: amounts falllng due after one year
Comparative3from
predefe550r Charity 2021
2022
Deferred tn¢ome
917
950
Page 19
The Blatkheath Society
Notes to the Flnandal Statements for the Perlod from 27 Ortober 2021 to 31 Decernber
2022 {contlnued)
19 Funds
Transfers from
predecessor
Charltv
Other
Resour5
recoEnised
expended Ealnslllossesl
Balance at 31
December
2022
Incomlng
resource5
Transfers
Unrestrkted funds
General Funds
599,864
62,437
159,0621
10,087
15,0001
608,326
Restrlcted fund5
OnBlackheath
Chrlstmas Lights
Platlnum Jubllee
8eacon Event
31,599
19,1941
120,4011
22.405
5,499
20,900
5,000
1,000
500
11.0001
15001
Kite day
Talbot Place
8,500
30,900
8,500
36,404
31,599
131,0951
5,000
Totsl funds
631,463
93,337
190,1571
10,087
644,730
omparatlves from
rede$SOr Charlty
21
Incomlng
Yesources
Res0rceS
empended
other reco8nlsed Balance at 31
galnslllossesl
December 2021
Balance al I
January2021 £
nrestrfttedfvnd5
eneral Funds
578,012
57,132
156,2801
21,000
599,864
eslri¢ted funds
nBl3ckheath
15,900
20.499
14,8001
31,599
otsl fvnds
593,912
77,631
161,0801
21,000
631,463
The speclfic purposès for whlch the funds are to be applled are as follows..
OnBlackheath these amounts represent monles received from the On Blackheath muslt festiva15 in 2018 and
earlierto be used on comrnunity project5 on the heath thal have been proposed by the Blackheathjoint Working
Party.
Christmas Llehts- to arrange'8lackheath Xmas Ilghts, for the village.
Talbot Place- to be vsed for the Talbot Place play area.
Page 20
The Blackheath Soclety
Notes to the Flnanclal Statements for the Perfod from 27 Ottober 2021 to 31 December
2022 (continued)
Note 19 {ContIned1...
A total of £631,463 was transferred from the Society when they turned from an unincorporated charity to a CIO,
to cover the funds that were held at 31st December 2021.
A total of £5,10 was transferred from unrestricted funds to restdcted funds- Chri5tma5 Lights as the Sodety
agreed to Contribute £5,000.
20 Analysls of net assets between funds
Unrestrlcted
funds
Total funds at 31
Decembèr
2022
Restrlcted
funds
Flxed asset investments
578,055
52.300
121,1121
1917
578.055
88,704
121,1121
19171
Current assets
36,404
Current liabilitie5
Creditors over l yea¥
Total net assets
608,326
36,404
644,730
ompar•lvesltom predecessor Ch8rlty 2021
Unrestrlcted
funds
Total funds at ai
December
2021
Re51rlrted
funds
IKed asset investments
567.968
44,206
{11,3601
19501
567,968
75,805
111,360
1950
rrent assets
31,599
urrent liabilitles
reditors over I year
otal net JSset5
599,864
15.900
631,463
PaBe 21