2023-06-30-accounts

The University of the Third Age Farnham and District Registered Charity Number 1019078 Statement of Financial Activities for the year ended 30 June 2023

General Fund Income - receipts Membership subscriptions Tax recovery Donations Bank interest received Total income received Expenses - payments Bank charges Committee & general admin Equipment purchases& repairs Group costs Member communications Monthly meetings PayPal commission PR & promotions Projects / theme Quiz Third Age Trust subscriptions Venue hires and costs Website Total expenses paid Net Income receipts (expenses) General and Restricted funds General fund balance b/f 1/7/22 Restricted fund balance b/f 1/7/22 Current year net income / expenditure Group funds b/f 1/7/22 Group funds movement Total funds Group Funds Group receipts		2022- 23 £ 53,64 2 8,912 200 390 63,14 4 133 907 308 329 4,488 284 805 137 50 338 6,240 44,34 6 452 58,81 6 4,328 32,99 3 0 4,328 8,342 1,028 46,69 1 35,01		2021- 22 £ 43,58 0 5,962 70 39
				49,65 1
				192 793 1,208 2,452 8,102 955 635 0 395 0 4,996 42,60 1 730
				63,05 9
				(13,40 8)
				44,34 9 770 (13,40 8) 9,636 (11)
				41,33 6
				9,921

The University of the Third Age Farnham and District Registered Charity Number 1019078 Statement of Financial Activities for the year ended 30 June 2023

Group payments Net group income/expenditure Balance b/f 1/7/23 Net group balances moved Net group expenditure Group balances c/f Balance Sheet General and Restricted funds NatWest current CAF bank current PayPal CCLA deposit General funds c/f Group funds NatWest current CAF current Group funds c/f Total assets		6 33,98 8 1,028 8,342 1,028 0 9,370 2022- 23 £ 647 15,26 6 568 20,83 9 37,32 1 1,624 7,746 9,370 46,69 1	9,932	9,932
			(11)
			9,636 -1,282 -11
				8,342
				2021- 22 £ 176 11,36 6 945 20,50 6
				32,99 3
				391 7,952
				8,343
				41,33 6

Notes to the accounts for the year ended 30 June 2023

1. The accounts are prepared on a receipt and payment basis, in line with last year.

2. The accounts have resulted in a much need profit this year of £4,328, resulting from an increase in fees of £10 per member as well as an increase in the number of new members joining our movement. The last 2 years have produced losses depleting our reserves by almost £23,000, as a result of the Covid pandemic.

3. Purchases of equipment is accounted for in full in the year of purchase.

4. Group funds

Group funds are held on behalf of the respective groups., and represent monies collected from members towards activities such as trips, wine, tastings, etc. These funds are not available to Farnham U3A for general purposes.

The University of the Third Age Farnham and District Registered Charity Number 1019078 Statement of Financial Activities for the year ended 30 June 2023

Group Architecture Art outings Classical studies Concert group Photography Shakespeare trips Theatre group Tai Chi 4 Wine discovery Wine for fun 1 Wine for fun 2	Balance b/f NET movement in the Year Balance c/f 45 45.00 0.00 209 209.00 1,300.66 264.15 1,564.81 175.00 -17.00 158.00 174.00 1,501.25 1,675.25 4,677.60 1,479.40 3,198.20 123.00 123.00 645.43 168.65 814.08 575.00 290.00 865.00 418.00 300.00 718.00
	8,342.69 1,027.65 9,370.34

Treasurers report

I am pleased to report that we have made a small surplus this year, after 2 years of losses which had depleted our reserves following the effects of the Covid Pandemic. This surplus is partly due to the increase in the subscriptions to £45 as well as new members joining our U3A. Although we need to build up our reserves, we are holding on to current membership fees for this year due to the currrent economic climate. Availability of funds will be tight this year however we will look to create another surplus if opportunities arise. We may need to revisit the fees next year when our contract with the Maltings is up for renewal.

THE UNIVERSITY OF THE THIRD AGE FARNHAM AND DISTRICT R•gl$tsred char5ty numbor 1019078 Independènt Examln•¢8 R•port to tho Trust I reporttts the tru8taes on my 8xamination of the aecounts of th8 above ¢harty I'the Trust'l forthe year endèd 30th June 2023. R•spon8ibllitr•$ and ba$L• of report.. As the charity trustees, you af• wsponsible for the preparation of the account¥ in accordan￿ %wth thts requirnments of th8 Charities 2011 (the Act"). I report in respect of my examination of the Trust's accounts carned out under section 145 of the 2011 Act and in carryirrfJ out rny examination, I have followed all the applicable Directions given by the Charity Cornfnission under section 14515llbl of the Act. Indepgndent examlnerfs gtatem•nt.' I have completed my examination. I confirm that Th) Material rnatters have com8 to my 8tt8ntion in connection with the examin8tion which gives me ca148e to believe that in, any material respect". the aceounting record8 We￿ not kept in accordanr with SèLon 130 of the charit￿9 Aet., or 2. the s￿)Unts did not accord with the accounting r8eord8', or 3. the accounts dKI not comply with appli￿￿￿e requirements conceming the fomi and content of accounts set out in th8 charit￿$ IAccounts and Reports) Regulations 2(JJ8 other than any r8qUiTement that the accounts give a'true and fairf which Is not 8 rnatt8r considaraj as part of an independent examination. I have no eoncèms and have corne acro83 no other matters in connection wlih the examination to which attention should be drawn in this rtport in ord8rto enable a proper understandir@ ol the accounts to be reached. Gltrnnis Tunor Date. Ilgl 2•13 89 Crondall Lane, Farnham, Surrey, GU9 78Z Examln•rf# Ob¥eThation8 I completely Support the Trea#ur*s comments regarding the level of the reserves and thg need to keep this under review. GNen the level ol annual expendrture th8 f888Tve 1$ (xjrrently a littye light. I would recommend that the retum CC18a to the Charty Commission In￿l￿ the rel movement on the Group Accounts. Oth8rwi58 th8 rgtum will not giv8 a comp￿t9 picturè of the fin8rri81 sfcuation.