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 SoCiet￿s 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 SoCiet￿s 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 Object￿e$ 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

rri ryi o
m V Ln

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 re￿IVed 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