Charity reglstratlon number.. 1196292 The Blackheath Society Annual Repoft and Flnancial Statements for the Year Ended 31 December 2024 Field Sullivan Limited 9 Hare & Blllet Road Blackheath London SE3 ORB
The Blackheath Soclety Contents Icontlnued) Reference and Administratlve Details Ito2 Trustees, Repori 3to7 Independent Examiner's Report 8t09 Statement of Financial Activities io Balance Sheet li Notes to thè Financlal Statements 12to22
The Blackheath Socletv Reference and Admlnlstratlve Detalls Trustees Paul Watts Dame Helen Reeves Andrew Westbrook John Bartram Allan Griffin Sarah Mansfield Nlcholas Patton Nlcola Peers John Schofield Howard Shields Diane Summers Ana Sutherland Elizèbeth Wrlght Adam Ollver John Barron Secretary Sacha Brlght Chalr Paul Watts Vl¢e- Chalr Dame Helen Reeves Trèasurer Andrew Westbrook Vice-Presldents Davld Quarmby Tony Aldous Lord Stone of Bla¢kheath Charlty Re8lstratlon Number 1196292 Prlnclpal Otllce The Old Bakehouse 11 Blackheath Village Blackheath London SE3 9LA Page I
The Blackheath Society Reference and Admlnistratlve Detalls lcontinued) Independent Examlner Field Sullivan Llmited 9 Hare & Billet Road Blackheath London SE3 ORB Page 2
The Blackheath Society Trustees, Report The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2024. Tru5te*'s Report for the year ended 31 December 2024 Chalr's report 2024 started with the sad dèath of our Presiden¢ Neil Rhind MBE FSA on 10 February, lust after his 87th birthday and the 87th anniversary of the forrnatlon of the 5oclety. Full trlbutes to Neil were published In our Sprlng and Summer 2024 newsletters and there was a well-attended celebration of his Ilfe at an event at Blackheath Halls in July. The Society was fortunate to receive a legacy from his estate and 15 also the beneficiary of much of his research and other work. Our archbve team are worklng on how best to deal with all these records, and we are also working with Neil's literary executors on the publication of two unflnlshed books "Walking Westcombe" (expected in lune 20251 and 'Wolume 4 of 81ackheath Village and Environs" (hopefully In tlme for Christmas 20251. Blackheath Village wès faced with various new planning consultations and applications In the year, includin8 a proposal for development of the station car park and temporary rè-lotation of the farmers. market during construction. Thi5 project was in its non-5tatutory consultation perlod in 2024, and our planning grtsup was heavllv involved in dlscusslons wlth the developer. This malter, whlch is now a Ilve application in statutory consultation. will continue well into 2025 and posslbly beyond. We worked closely wlth Network Rail, Southeastern trains and the Rallway Herltage Trust on the repair and fedecoration of Blaekheath Station. Work on the platforms and canoples Is largely complete, and we hope that work on the front of the station will be completed over the summer. We contlnue to press Southeastern for the return of a iegular half hourly off-peak service to Charing Cross and a few services have been slowly returned to the timetable. We agaln enjoyed a packed programme of events lor membérs, Including the fourth Kite Day on the hèath. There was also an Interestlng series of architecture group activlties Includlng a day out In Brighton to see both Regency town houses and 1930$ archltecture. as well as a fish and chlp lunch. The Open House events included a tour of St Margaret's Churchyard by Paul WrFght and a Cator Estate Span Houses Walk run by our Trustee Ana Sutherland, followSng the publicatlon of her award-winnlng book on Modern buildings in Blackheath and Greenwich. Challenges to the retail environment contlnue and, in the Village, we saw the closure of several buslnesses including the flower shop next to the 5tatlon after a 100-year tenure, Jojo Maman Bebe and Blackheath Creatives, after a three-yea¥ pop-up period the former Café Rouge. New businesse5 featured in Ouf new51&tt2rs Ineluded Clarendon Fine Art, Itallan restaurant Prosecco, Nepalese iestaurant Panas and Thai restaurant Cha Loui5. The Blackheath Jolnt Working Party allocated some of the remaining community fund rnonie5 intludlng new play equlpment for the Talbot Place play area. The annual Heath clean-up day In October working with members and other volunteers was another great succes5. The annual cricket match agalnst the Greenwich Society wa5 ralned off $0 the Golden Elephant remains (hopefully temporarily) with the Greenwich Soclety. The archlve team's work has Increased as we are ihe beneficiarles of much of Neil Rhind's archive which needs careful review and cataloguing and we are fortunate In havlng a new volunteer Len lo asslst wSth thls Important work. Page 3
The Blackheath Soclety Trustees, Report (continued) We continued to attract new people and welcomed araund 70 new members In 2024, and now have over I,OOD households as members for the first time In many years. We held regular new members, evenlngs to understand interests and there are always opportunltlÈs for both new and exlstlng members to assist the Society in it5 many area5 of activity. David Walker stood down as a trustee at the 2024 AGM after 22 years and I thank him for hls work and dedication on matter5 including transport and the BIWP. We welcomed Adam Oliver and john Barron as new tTUStees in 2024 I would like to conclude with my sincere thanks to our many volunteers, to my fellow Trustees, and especially to our secretary Sacha 5rlghl for her enthusiasm and dedication to the Society during anothèr busy year. Flnarbcial review The Sociews results on unrestricted funds, before 8ain5 or losses on Investment assets, was a surplus of £7,456 12023: deficit of £1,975). The net movement in total funds was a surplus of £3,39512023: deflcit £16,449) The Societvs annual income, mainly from membership fees and investment income, covers routine Off1 and other overheads. Expenditure on addltional projects and acllvitle$ Is generally funded by reserves or from donations and other sources. Membership saw an increase to 1,017 hou5eholds12023'. 9691 The household membershlp fee remained at £20 per annum for 2024 and has been unchanged slnce 2018. The Equlties Investment Fund for Charities Icharifundl Investments Included withln fSxed assets Was valued at £208,656 at the year end, after a furiher Investment of £40,000 made during the year12023'. E164,1061. The Charifund investments generated income for the year of EIO,29212023'. £9,778). We continued to hold a property Investment asset, the freehold of Tranquil Hall in Blackheath Vlllage, which was revalued in 2022 and contlnues ro be held at £410.000 In the accounts12023.' £410,000) and is rented to Heath House, a local Pieparatory School. The SocleiW5 total funds were £631,676 at 31 December 2024 12023- £628,281) and we remain in a strong flnan¢ial position. ReseNes Poll¢v The Trustees regularly review the SoCiets requlrements for reserves in the Ilght of the main risks to the or8anisatlon. The annual income of the Soclety Is derived from members, subscriptlons, donatlons, investmènt Income and from the rental income recelved on Tranquil Hall. The Trustees aim to ensure thal annual running costs are controlled carefully and are met from annual income, and that budgets are set accordingly. In the case of special prolects, external grants and donatlons are sought and ralsed wherever possible, but always In conjunction with the use of the SoCiets own designated funds. Page 4
The Blackheath Society Trustees, Report Icontinuedl The possibility always exists that a situation rni8ht arise where the Trustees would feel it right to incur slgnlflcant professlonal and other costs to meet the objects of the Society. For these reasons, It Is considered vitsl to hold sufficient unrestricted financlal reserves to be drawn on In perlods of emergency and cash-flow dlfficulty to protect the Society from the risk of insolvency and frorn seriou5 disruption to its work, and to enable It to mount any major campaign thought approprlate. The Trustees therefore consider that the reserve5 held are at an appropriate level at 31 December 2024. Appointment, recruitment, and elertlon of Trustees Management Commlttee members ITrusteesl are appointeil in accordance with the Society's Rules, and comprise not less than 10 and not more than IS members who may be elettèd at a gèneral meetlng or co-opted by the Management Committee. All members of the Society are eliglble to stand for appointment, and other than the Chair Iwhose maximum term Is two consecutive terms of three years), one-third of all Trustees must relire from office at each AGM but may stand for re-appointment. Copies of the Rules are available from the Secretarv. Publlc Beneflt The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewlng the charity's objectives and activities and in the planning of futureactivlties. It is the ludgement of the Trustees that actEvities in pursuit of the above Objecte$ fully mèet the public t)enefit test, whlch they have kept In mind in planning prograrnme5 for the charity. In deliverin8 5ervSce5 and in the appointment of staff, volunteers and trustees the charity operates a strict policy of no discrimination on anv grounds. Rlsk Management The Trustees regularly review the major ri5k5 to whlch the Society is exposed. Where appropriate, systems or procedures have been established to rnitigate the r15ks that the Society face5. Internal control ri5k5 are mlnimised by the operation of procedures for the authorisation of all transactions and projects, and through the use of a rlsk register that 15 revlewed regularly by the Trustees. Investment Pollcy The Trustees adopt a Prudenl policy and surplus funds are currently held In bank deposit accounts, invested in Charifund unlts. The Charifund Income for ihe year was £10,292 representlng a yield of 4.93%12023'. 5.95%) on a closlng valuation of £208,656. Page 5
The Blackheath Soclety Trustees, Report (continued) Trustees and offlcers The trustees and offtcers sèrvlng durlng the year and Since the year end were as follows: Trustees: Paul Watts Oame Helen Reeves Andrew Westbrook John Barlram Allan Griffin Sarah Mansfield Nicholas Patton Nlcola Peers John Schofield Howard Shlelds Dlane Summers Ana Sutherland David Walker Iresi8ned 12 September 20241 Ellzabèth Wright Adam Oliver lappointed 9 September 20241 John Barron lappoinled IQ March 20251 Chair.. Paul Watts Wice- Chair.. Dame Helen Reeves Secretary.. Sacha Brlght Treasurer.. Andrew Westbrook Vice-Presldents'. David Quarmby Tony Aldous Lord Stone of Blackheath statement of Trustee5' Re5ponslbllltle5 The trustees a¥e responsible for preparlng the tru5tees' report and the financial statements In accordance with the United Kingdom Accountlrng Standard5 Iuniled Kingdom Generally Accepted Accountlng Practlcel and appllcable law and regulations. Page 6
The Blackheath Soclety Trustees, Report (continued) The law applicable to charlties rèquires the trustees to prepare flnancial statements for each flnanclal year which glve a true and falr vlew of the state of aflalrs of the charity and of the Incoming resources and application of resources of the charlty for that perlod. In preparing these flnancial 5tatement5, the trustees are required to: select suitable accountlng pollcles and then apply them consistently,. observe the method5 and prlnclples in the Charities SORP- make judgements and estimates that are reasonable and prudent,. state whether applicablè accounting standards have been followed, subject to any material departures disclosed and explained in the flnanclal statements,. and prepare the flnancial statements on the going concern basls unless it is Inapproprlate to presume that the charity will continue In business. The trustees are responsible for keeping proper acctsunting records that disclose with reasonable accuracy at any tlme thè flnanclal position ol the charity and enable them to ensure that the financial statements ¢omply wlth the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provlsions of the constitutlon. 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 irregularities. Approved by the trustees tsf the charity on and signed on its behalf by: Pw Pau1 Watts Chair and trustee Page 7
The Blackheath Soclety Independent Examiner's Report to the trustees of The Blackheath Society I report to the charity tiustees on my examination of the accounts of the charity for the year ended 31 December 2024 which comp¥ise the Statement of Flnancial Activities, the Balance Sheet and related notes. This report is made solely to the charitvs trustee5, as a body, In a¢cordance wlth section 145 01 the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters l arn requSred to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charltvs trustees as a body, for my work, for thls report, or for the opinlon51 have formed. Responsibilltles and ba515 of report As the charlty trustees of The Blackheath Society you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the ACYI. I report In rèspect of my examlnatlon of the The Blackheath Soclety 's accounts carried out under sectlon 145 of the 2011 Act and in carrying out my examlnation I have followed all the applicable Directlons given by the Charity Commission under section 1451Sllbl of the Act. An independent examination does not Involve gatherlng all the evidence that would be requlred in an audit and consequently does not cover all the matters that an auditor conslders in giving thelr opinion on the financial statements. The plannSng and conduct ol an audit goes beyond the limited assurance that an Independent examlnation can provlde. Consequently l express no opinion as to whether the flnancial statements pie5ent a 'true and fair, view and my report is limited to those specific matters set out In thè independent examinerfs statement. Indèpendent examlnÈr's statement I have eompleted my examination. I confirm that no material matters have come to my attentlon In connection wlth the examination giving me cause to believe that it) any material respect.. l. accounting records were not kept in respect of The Blackheaih Society as requlred by section 130 of the Act- or 2. the financial statements do not accord with those records,. or 3. the flnancial statements do not comply wlih the accountlng requlrements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, whlch is not a matter considered as part of an Independent examinatlon. I have no concerns and have come across no other matters in connection wlth the examinatlon to which attentlon should be drawn in thi5 report in order to enable a propel understandlng of the accounts to be reached. Page 8
The Blackheath Soclety Independent Examiner's Report to the trustees of The Blackheath Soclety {contlnued) Tim Sullivan FCA Fleld Sulllvan Chartered A¢¢ountants 9 Hare & Billet Road Blackhe3th London SE3 ORB Page 9
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The Blackheath Soclety (Registratlon number: 1196292) Balance Sheet as at 31 December 2024 2024 2023 Note Fixed assets Investments 12 618,656 574,106 Current a55etS stocks 14 3,242 11,590 42,542 7,121 7,411 82,486 Debtors Cash at bank and In hand 15 16 57,374 97,018 Credltofs: Amounts falllng due wlthln one year 17 143,8581 142.1591 Net current asset5 13,516 54,859 Total assets less current liabllltles 632,172 628,965 Creditors: Amounts falllnB due after more than one year 18 14961 16841 Net assets 631,676 628,281 Fund5 of the charltv.. Restrlcted Income funds Restricted funds 17.610 26,221 Unrestrlcted Income funds Unrestrlcted funds 614,066 602,060 Total funds 19 631,676 628,281 The financial statements on pages 10 to 22 weTe approved by the trustees, and authorlsed for Issue on Paul Watts Trustee IZ LI_Z Andrew Westbrook Trustee The notes on pages 12 to 22 form an integral part of these financial Statements. Page 11
The Blackheath Socletv Notes to the Financial Statements for the Year Ended 31 December 2024 I Charlty status The charity Is domlciled in England and Wales. The address of its reglstered office Is: The Old Bakehouse 11 Blackheath Village Bla¢kheath The Charltable Incorporated Organlsation ICIOI was incorporated on 27 October 2021 and took over the business of the Blackheath Society from l January 2022. 2 Accountlng pollcies Statemènt of compllance The financlal Statements have been prepared In accordance wSth Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts In accordance with the Financial Reportlng Standard applicable In the UK and Republic of Ireland IFRS 1021 (effective l January 20191 (Charities 50RP IFRS 1021 Second edition October 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFR5 1021. They also comply wilh the Companles Act 2006 and Charities Act 2011. 8asls of preparatlon The Blackheath 5oclety meets the definStlon of a public benefit enlity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with Items re¢ognised at cost or transaction value unless otherwise stated In the felevant notelsl to these accounts. Golng concern The trustèes consider that there are no material uncertainties about the charity's ablllty to contlnue as a golng concern. Judgements and key sources of estlmation uncertalnty In the application of the charltvs accounting policies, the trustees are required to make judgements. estimates and HS5umptions about the carrying amount of assets and liabllities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical expèrience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptlons are reviewed on an ongoing basls. Revisions to accounting estimates are recognised in the periods which the estimate Is rèvised where revisions affects only that period, or In the perlod of the revlsion and future periods where the revisions affects both current and future periods. Page 12
The Blackheath SocSety Notes to the Financlal Statements for the Year Ended 31 December 2024 (contlnued) In¢ome and endowments Voluntary income Including donations, gift5, legacies and grants that provide core fundlng or are of a general nature Is recognised when the charlty has entitlement to the income, it is probable that the income will be received and the amount can be measured wlth sufficient reliability. Donotlons and leg17cles Donations and legacies are recogni5ed on a recelvable basls when receipl Is probable and the amount can be reliably measured. Deferred Income Deferied income represents amounts received for future periods and is released to Incomlng resources in the perlod for which, it has been received. Su¢h income is only deferred when: - The donor specifies that the grant or donation must only be used in future accounting periods,. or The donor has imposed conditions which must be met before the charity has unconditional entitlement. Expendlture All expenditure is recognised once there is a legal or constructlve obllgation to that expenditure, it is p¥obable settlement is required and the amount can be measured reliably. All costs are allocated to the appllcable expenditure heading that aggregate $1mllar costs to that category. Where costs cannot be directly attributed lo particular headings they have been allocated on a basls conslstent with the use of resources, with central staff ¢ost5 allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support cost5 are allocated based on the sp¥ead of staff costs. Chorltable uctlvltie5 Charitable expenditure comprlses those costs Incurred by the charity in the delivery of it5 activitie5 and Services for its beneficiaries. It includes both costs that can be allocated directly to such activitles and those cosis of an Indirect nature necessary to support them. Support C05tS Support costs Include central functions and have been allocated to actlvity cost categorles on a basis conslstent with the use of resources, for example, allocating property Costs by floor areas, or pef caplta, staff costs by the time spent and other costs by their usage. Taxatlon The charity Is considered to pa5$ the tests set out In Paragraph I Schedule 6 of the Flnance Act 2010 and therefore it meets the definition of a charltable company for UK corporation tax purposes. Accordingly, the charlty Is potentlally exempt from taxation in respect of income or capital gains received within categories covered bv Chapter 3 Part 11 of the Corporatlon Tax Act 2010 or Section 2S6 of the Taxation of Chargeable Gains Act 1992, to the extenf that such income or galns are applied exclusively lo charitable purposes. Page 13
The Blackheath Soclety Notes to the Flnanclal Statements forthe Year Ended 31 December 2024 (continued) Depreciatlon and amortlsatlon Depreciation is provided on tangible fixed assets so as to write off the cost or valuallon, less any estlmated resldual value, over their expected useful economic Ilfe as follows.. Asset class Furnlture and equipment Depreclatlon method and rate 15% straight Ilne basi5 Investment propertles Investment property Is carried at fair value, derived from the cur¥ent market prices for comparable real estate determlned annually by external valuers. The valuers use observable market prices, adjusted if nece55ary for any dlfference in the nature, locatlon or condition of the specific asset. Changes in fair value are recogni5ed In profit or Ios5. Flxed asset investments Fixed asset Investments, other than programme related investments, are Included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sale5 proceeds and their market value at the start of the year, or their subsequent C05t, and are charged or c¥edited to the Statement of Financlal Activltles In the period of disposal. Unrealised gains and losses represent the movement in market value5 during the year and are ¢redited or cha¥ged to the Statement of Flnancial Activities based on the market value at the year end. Stock Stock is valued at the lower of cost and estimated selling price less costs to cornplete and sell, after due regard for obsolete and slow movin8 Stocks. Cost is determined using ihe first-ln, flrst-out IFIFOI. Trade debtors Trade debtors are amounts due from eustomers foi merchandise sold or Services performed in the ordinary course of business. Trade debtors are reco8ni5ed initlally at the transaction price. They are subsequently measured at amortised cost uslng the effective interest method, less Pfovlsion for impairment. A provision for the impalrment of trade debtors Is established when there is objective evidence that the chailty will not be able to collect all amounts due according to the origlnal term5 of the receivables. Cash and cash equivalents Cash and cash equivalents comprlse cash on hand and call dep051ts, and other short-term highly liquid investments that are readily convertlble to a known amount of cash and are subject to an insSgnificant risk of change In value. Pa8e 14
The Blackheath Society Note5 to the Financlal Statements forthe Year Ended 31 December 2024 {continuedl Fund structure Uniestricted income funds are general funds that are available for use at the trustees discretion In furtherance of the objectives of the charity. Restricted Income funds are those donated for use in a particular area or for 5peciflt purposes. the use of which 15 restricted to that area or purpose. 3 Income from donatlons and legacles Unrestrlcted funds Restrlcted funds Total 2024 Total 2023 Donation5 and legacies,. Donatlons 1,000 1,608 5,000 693 2,898 Legacies Gift aid reclaimed 693 Annual subscriptSons Llfe subscrlptlons 13,514 233 13,514 233 12,729 303 20,048 1,000 21,048 15,930 4 In¢ome from charltable actlvltles Unrestrlcted funds Total 2024 Total 2023 Event income 3,404 4,658 3,404 4,658 5.581 2,652 Sale of publlcations and cards 8,062 8,062 8,233 5 Investment Income Unrèstrlcted funds Total 2024 Total 2023 Bank Interest and dividends 11,325 30.QOO 11,325 30,0 10,400 30,(X)O Income from investment properties 41,325 41,325 40,400 Page 15
The Blackheath Soclety Notes to the Flnanclal Statements for the Year Ended 31 December 2024 (continued} 6 Expendlture on charltable actlvltles Unre5tTiCted funds General Re5trlcted funds Total 2024 Total 2023 Note Event expensès Christmas lights Chrlsima5 caids Rent and service charge Books 3,372 784 8,311 1,300 11,683 2,084 1,518 10,964 3,879 3,140 26,248 12.D74 10,069 5,841 690 1,518 10,964 3,879 3,140 26,248 12,074 10,515 1,208 3,155 2S,310 20,27S Newsletter and annual report staff ¢ost5 Support Costs 61,979 9,611 71,590 77,063 7 Analysis of support costs Support costs Tot31 2024 Total 2023 Insurance 1,129 225 1,524 269 Offlce expenses Donations Bank charges Other charges Staff tralning Computer software and maintenance Printin& postage and telephone Sundries 906 2,000 86 89 125 100 322 3,101 552 3,040 698 887 483 AGM costs 549 364 Independent examination Bookkeeping Le831 and professional 2,436 2,075 2,364 2,125 6,900 12,074 2ri.275 Page 16
The Blackheath Society Notes to the Financial Statements for the Year Ended 31 December 2024 Icontinued) 8 Trustees remuneratlon and Èxpenses No trustees, nor any persons connected with them, have reIVed any remuneration from the charlty durlng the year. 9 Staff costs The aggregate payroll costs were as fgllow5'. 2024 2023 Staff costs durlng the yèar were: Wages sèla11È5 Pension Costs 21,508 4,740 21,70B 3,602 26.248 25,310 No employee recelved emoluments of more than £60,000 durlng the year 10 Taxatlon The charity is a registered charlty and Is therefore exempt from taxation. 11 Related party transactlons During the year Ihe charlty made the followlng related party transactlons: Paul Watts and Andrew Westbrook Trustees Paul Watts and Andrew Westbrook are. from 18 December 2024, directors and shareholder5 in The Bookshop on the Heath Limited, a company that The Blackheath Society occasionally sells cards and publicatlons through on normal commertial terms. There was an amount owlng from the Bookshop on the Heath Limlted of £550 In respect of Christmas Cards at 31 December 2024. At the balancè sheet date the amount due tolfrom Paul Watts and Andrew Westbrook was £Nil12023 £Nill. Page 17
The Blackheath Soclety Notes to the Flnanclal Staternents for the Year Ended 31 December 2024 (continved) 12 Flxed osset Investments 2024 2023 Investment propertles other investments 410,000 208,656 410,000 164,106 618.656 574.106 Investment propertle5 Investment propertles Cost or Valuatlon At l January 2024 410.000 At 31 December 2024 410,000 Provlslon At 31 December 2024 Net book valuè At 31 December 2024 410,000 At 31 December 2023 410,0(XJ The freehold property, Tranquil Hall, was bequeathed to the Soclety In 1975 and is held as investment property. The original value of the property on acquisition was £12,500. The property was revalued by Baxter Philips on 31 December 2022 at E410,000 as market value, and agreèd on as a suitable valuation at 310ecember 2024 by the trustee5. Page 18
The Blackheath Society Notes to the Flnanclal Statements for the Year Ended 31 December 2024 {continued) Other 5nve5tments Unllsted Investments Total Cost or Valuatlon At l January 2024 Additions 164,106 40,000 4,550 164,106 40,000 4,550 Revaluation At 31 December 2024 208,656 208,656 Net book value Al 31 December 2024 208,656 208,656 At 31 December 2023 164,106 164,106 Other investments at 31 December 2024 comprise 14,171 unlts of M&G Investments Charifund unSts. 13 Tan8lble fimed assets Furnlture and equlpment Total Cost At l January 2024 Dlsposals 2,082 1151 2,082 1151 At 31 December 2024 2,067 2,067 Depreclatlon At l January 2024 Ellmlnated on disposa15 2,082 1151 2,082 1151 At 31 Dècember 2024 2,067 2,067 Net book value At 31 December 2024 At 31 Decèmber 2023 Page 19
The Blackheath Society Notes to the Financial Statements for the Year Ended 31 December 2024 {contlnued) 14 Stock 2024 2023 Stocks 3,242 7,121 15 Debtors 2024 2023 Other debtors 11,590 7,411 16 Cash and cash equlvalents 2024 2023 Cash on hand io io Cash at bank 42,532 82,476 42,542 82,486 17 Credltors: amounts falllng dvè within one year 2024 2023 Other creditors 31,806 2,592 9,460 30,130 2,524 9,505 Accruals Deferred Income 43,858 42,159 18 Credltors: amounts falllng due aftèr one year 2024 2023 Deferred incorne 496 684 Page 20
The Blackheath Society Notesto the Financlal Statements for the Year Ended 31 December 20241contlnuedl 19 Funds other reco8ni5ed galnslllossesl Balance at 31 December 2024 Balance at i January 2024 Incomlng resources Resources expended Unrestrlcted funds General Funds 602,060 69,435 161,9791 4,550 614,066 Restricted funds On81ackheath 24,840 300 18,3111 11,3001 16,529 Chrlstmas Light5 Talbot Place 1.000 1,081 1,081 26,221 I,ooo 19.6111 17,610 Total funds 628,281 70,435 171,5901 4,550 631,676 Other recognlsed galnsll1055esl Balance at 31 December 2023 Balance at i January 2023 Incoming resources Resource5 expended Transfers Unrestrl¢ted funds General funds 608,326 61,828 163,8031 13421 13.9491 602,060 Restrlcted funds OnBlackhealh Christmas lights Talbot Place 22,405 2,435 24,840 5,499 8,500 300 15,8411 17,4191 342 300 1,081 36,404 2,735 113,2601 342 26,221 Total funds 644,730 64,563 177,0631 13,9491 628,281 PaBe 21
The Blackheath Soclety Notes to the Flnanclal Statements for the Year Ended 31 December 2024 Icontinued) The specific purposes foi which the funds are to be applled are as follows: OnBlackheath - these amounts represent monies received from the on Blackheath festivals in 2018 and earlier to be used on communtiy projects on the trieath that have been proposed by the Blackheath Joint Working Partv. Christmas Llghts- to arrange 'Blackheath Xmas Llghts, for the village. Talbot Place- to be used for the Talbot Place play area. Transfer from unre5tricled fund5 to tover the èddltional expenditure incurred for Christmas Lights. 20 Analy51s of net assets between funds Unrestrlrted funds General Total funds at 31 December 2024 Restrlcted funds Flxed asset investments 618,656 39,764 143,8581 14961 618.656 57,374 143,8581 14961 Current assets 17,610 Current Ilabllltles Creditors over I year Total net assets 614,066 17,610 631,676 Unreslrlcted funds General Total funds at 31 December 2023 Restrlcted funds Fixed asset investments 574,106 70,797 142,1591 16841 574,106 97,018 142,1591 16841 Current assets 26,221 Creditors over l year Total net assets 602,060 26,221 628,281 Page 22