Charlty reglstration number 1026617
PETERBOROUGH UNIVERSITY OF THE THIRD AGE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

PETERBOROUGH UNIVERSITY OF THE THIRD AGE
CONTENTS
Trustees. report
Independent examinerfs report
Statement of finanoal actlvlties
Balance sheet
Notes to the financial statements
7-12

PETERBOROUGH UNIVERSITY OF THE THIRD AGE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
lan GTay- Chaimian
Louis Verdegem - Vice Chairman
Tery Young - Treasurer
Brenda White - Secretary
Norman Bell
Lynda Brimmell
Shirley Chilvers
Joy Green
Maureen Goodyear
Connie Hunt
Adrienne Just
Hilary Keegan
Alan Locke
Elaine Locke
Ann Ritchie
Coryopted 14 August 2024
Co-opted 14 August 2024
Charity number
1026617
Independent examiner
Mark Jackson FCA DChA
Azels
Westpoint
Lynch Wood
Pelerborough
Cambridgeshire
United Kingdom
PE2 6FZ

PETERBOROUGH UNIVERSITY OF THE THIRD AGE
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 JUL Y 2024
The trustees present their annual report and financial statements for the year ended 31 July 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the chartvs C￿nstitution, the Charities Act 2011 and "AGGounting and
Reporting by Charities: Statement of Recommended Practice applicable lo charities preparing their actounts in
accordan￿ with the Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS 102>- (as
amended for accounting periods commencing from 1 January 2016)
Objedlves and activitles
The obj'ects of Peterborough University of the Third Age (PU3A) are the advancement of education and. in
particular. the education of older people and those who are retired from full-time work by all means, including
associated activities conduave to leaming and petsonal deveFopment, primarily but not exclusively for those
residing in the City of Peterborough and its surrounding area.
The charity is a self-help organisation providing educational, social and leisu￿ opportunities for retired and
semi-retired people. The policies adopted in furtherance of these objects are of public benefit and there has
been ongoing review and. where appropriate, reviS￿n. In some instances. such revision has simply been the
consolidation of various policies into single ones. Other than that, there has been no substantial change of
note in them during the year.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding whal ad1vit￿S the
charity should undertake.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in
place to mitigate exposure to the major risks.
Structure, govemance and management
The charty is a unincorporated entity. Its goveming document is its constituts'on as revised and adopted at the
AGM on 28 Ckniber 2023. The charity is an assoaation with over 2,300 members.
The trustees who served during the year and up to the date of signature of the financral statements were:
lan Gray
Chairman
Louis Verdegem
VI￿ Chaimian
Mary Mccarthy
Treasurer (resigned 28 October 2023)
Terry Young
Treasurer (from 28 October 2023)
Brenda White
Secretary
Lynda Brimmell
Shirley Chilvers
Joy Green
Connie Hunt
Adrienne Just
Hilary Keegan
Alan Locke
Elaine Locke
Ann Ritchie
Maureen Goodyear
Norman Bell
Chfis Wareham
Co-opied 14 August 2024
Cmpted 14 August 2024
(resigned 28 October 2023)
The Trustees are appointed annually from among the membership at the AGM.

PETERBOROUGH UNIVERSITY OF THE THIRD AGE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JUL Y 2024
The PU3A is Nn by a committee of up to 15 members (induding the officers). this may include up to 3 COryOPtees.
They are the Trustees of the charity and meet at least once a month. The Constitution allows the creation of sub-
committees and during the year there were two of these, dealing with financial and membership matters
respectively. Various short-temi wolking groups have been organised to consider and address various ad hoc
matters. All committee members give their time voluntarily and receive no remuneration or other benefits.
The PU3A is a member of the Third Age Trust {the national organisalion overseeing the University of the Third
Age movem8nt in th8 UK) who provide h81p and advi￿ on running the organisation.
Review of the year
The main activities undertaken in relation to the objects are the approximately 140 groups organised for PU3A
members, which cover a wide variety of subjects including foreign languages, sports activities (indoors and out),
Scien￿ and technology. art. Cfafts, history and music. Most of these meet either weekly, fortnightly or monthly,
although some suth as the travel, theatre and day visit groups operate on an ad hoc basis. In addition. there are
regular members, meetings with speakers on different suwts. now established under the 'Tea &Talk' branding
at the Fleet Centre. Attendance has grown signfficantly, typically averaging 80plus. with very positive feedback
from those attending. There are also owsional social activities such as a quiz night or bam danc& In organÉsing
these actlvities the Trustees have regard to the guidance issued by the Charity Commission on public benefit.
All of these activities are organised by members of the PU3A on a voluntary basis, and the organisation is greatly
indebted to them for their time and efforts. Other members help with the running of the organisation and its
activities in different ways.
The main achievements in 2023-24 We￿..
Planning and delivering additional new events. such as a First Aid course, a Craft Fair and a 60s170s disco
evening.
- Creating new voluntary roles, in support of the Committee, with members drawn from the newly named Really
Useful Group (RUGS), for the rneeting and greeting of new and potential members. refreshments servers, car
parking stewards arKI a roving reporter, amongst others.
- A healthy growth in both groups and their members, although some groups ￿aSed when new leaders could not
be found to reptace those stepping down.
Ongoing review of all policies in a timely manner to ensure their relevance and legality
Continuing to use IT technology to improve the efficiency of the administration of the charity by rajucing the
workload and costs while keeping in mind the small but significant number of members who do not have access
to a computer or who are not fully computer-ltterate
Introducing a new, web4)ased telephone system to improve direct access to key committee members, and to
better manage call flows.
- Extensive forward planning to better future-proof the committee, by seeking to introduce 'understudy' posts for
key committee roles.
Flnancial rèvlew
At the end of the year unrestricted reserves that had not been designated stood at £41,993. The Trustees have
decided that unrestricted funds which have not been designated for a specffsc use should be mainlained at a
level equiVa￿nI to 6 nKJnths operating expenditure which at Current levels would be about £15,000. An amount
of £19,255 has been placed in a separate reserve bank account to support this reserves policy. The remaining
unrestricted funds are maintained in an operating bank account to cover day to day expenditure. The Trustees
consider that reserves at this level will ensure that. in the event of a significant drop in funding they will be able
to continue wtth the charity's current activities while consideration is given to ways in which addih'onal funds could
be raised. The reserves are also held in order to meet any significant unforeseen expenditure.

PETERBOROUGH UNIVERSITY OF THE THIRD AGE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JUL Y 2024
The organisation is funded mainly by members, subscfiption& which go primarily towards the costs of wnning
the organisalion. Individual groups within the organisation are expected to be self-financing. The Trustees. Report
was approved by the Board of Trustees.
The trustees, report was approved by the Board of Trustees.
lan Gray - Chaim)an
Dated".

PETERBOROUGH UNIVERSITY OF THE THIRD AGE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF PETERBOROUGH UNIVERSITY OF THE THIRD AGE
I report to the trustees on my examination of the financial statements of Peterborough University of the Third Age
(the charty) for the year ended 31 Ju5y 2024.
Responslbllltles and basls of rèport
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with
the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of Ihe charity's financial sL*ements carried out under section 145 of the 2011
Act. In carying out my examination I have followed all the applit2ble Directions given by the Charity Commission
under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your atlenlion is drawn to Ihe fact that the charity has prepared financial slatements in aCCordar￿e with Accounting
and Reporting by Charilies p￿paring their accounts in accordance with the Finaniial Reporting Slandard applicable
in the UK and Republic of Ireland (FRS 102) in preference to ihe Accounting and Reporting by Charities: Ststement
of Recommended Practice issued on 1 April 2005 which is referred to in the extsnt regulations but has now been
withdrawn.
l understand that this has been done in order for financial statements to provide a true and fair view in accordance
with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act: or
the financial statements do not accord with those records", or
the financial statements do not comply with the applicable requirements concerning the fom) 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 which is not a matter considered as part of an independent examination.
I have no COn￿rnS and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Westpoint
Lynch Wood
Peterborough
Cambridgeshire
PE2 6FZ
United Kingdom
Dated: i•

PETERBOROUGH UNIVERSITY OF THE THIRD AGE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JULY 2024
Unrestrlcted Unrestricted
funds
funds
2024
2023
Notes
Donations and legacies
Charitable activities
Investments
26,421
87.417
355
28,707
80.860
173
Total income
114.193
109.740
Charitable activities
105,037
102.883
Net income for the yearl
Net movement in funds
9,156
6,857
Fund balances at 1 August 2023
55.273
48,416
Fund balances at 31 July 2024
64,429
55,273
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.

PETERBOROUGH UNIVERSITY OF THE THIRD AGE
BALANCE SHEET
ASAT 31 JULY2024
2024
2023
Notes
Current assets
Debtors
Cash at bank and in hand
11
18,095
65,088
15.347
67,078
83.183
82,425
Creditors: amounts falling due wlthln
one year
12
(18,754)
(27,152)
Net current assets
64,429
55.273
Income fvnds
Designated funds
General unrestricted funds
14
22,436
41,993
18,521
36,752
64,429
55.273
64.429
55,273
The financial statements were approved by the Trustees on ......
lan Gray- Chaimia
Trustee

PETERBOROUGH UNIVERSITY OF THE THIRD AGE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JUL Y 2024
Accountlng poll¢les
Charity Infomlatlon
Petelborough University of the Third Age is a not for profit entity.
1.1 Accounting conventlon
The financial statements have been prepared in accordance with the charrty's goNeming docum8nt. the
Charities Ad 2011, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of
Ireland- {"FRS 102-) and the Charities SORP "Accounting and Reporting by Charities.. Statement ol
Recommended practi￿ app5icable to charities preparin9 their accounts in accordance wilh the Financial
Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (effective 1 January 2019). The
charity is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to
the extent required to provide a true and fair view. This departure has involved following the Ststement of
Recommended Practice for charities applying FRS 102 rather Ihan the version of the Statement of
Recommended Practice which is referred to in the Regulalions but which has since been withdrawn.
The financial statements are prepared in sterling. which is the fundional cu￿encY of the charity. Monetary
amounts in these finanaal statements are rounded to the nearest £.
The financial stalements have been p￿pared under the historical cost conventton. modified to indude the
revaluatton of freehold properties and to include investment properties and certain financial instrlrnents at fair
value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the lime of approving the financial statements. the twstees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees
continue to adopt the going concem basis of accounting in preparing the financial statements.
1.3 Charbtable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance ol their charitable
objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purp)ses and
uses of the restricted funds are set out in the notes to the financial statements.
1.4 Incoming resources
Income is recognFsed when the charity is legally entitled to it after any performanco (Xjnditions have been met,
the amounts can be measured reliably, and it is probable that income will be re￿Ived. specifically income on
the social fund is recognised vthen the activity takes place.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless perfomiance conditions require defe￿31 of the amount. Income tax recoverable in
relalion to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending dislribution,
the amount is known. and receipt is expected. If the amount is not known, the legacy is treated as a
contingenl asset.

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
Accounting policies
(Continued)
1.5 Resources expended
Liabilities are recognised as expenditure as soon as there is a legal or constnjctive obligation committing the
charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and
the amount of Ihe obligalion can be measured reliably. Expenditure is accounted for on an accruals basis and
has been classified under headings that aggregate all costs related to the category. Where costs cannot be
directly attributed to particular headings they have been allocated to activities on a basis consistent with the
use of resources.
Costs comprtse direct expenditure including direct staff costs attributabl8 to the activity. Administration and
management costs are allooted in the same way. Other msts are allocated in proportion lo income
generated by the activity.
Support (x)sts are those functions that assist the work of the tharty but do not directy undertake charitable
activities. Govemance costs involving the publtc accountability of the charity and its compliance with
regulation and good practice. These costs indude cosls related to ststutory examinations and legal fees.
Support costs are allocated to charitable activities when relevant.
1.6 Cash and cash equivalents
Cash and cash equivalents indude cash in hand, deposits held at call with banks, other short4efm liquid
investments with original maturities of Ihree months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.7 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12
'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments.
Financial instruments are re(x)gnise(l in the charitys balance sheet when the charity becomes party to the
contractual provistons of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enfor￿able right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are inrtialty measured at
transaction price induding transaction costs and are subsequently carrFed at amortised cost using the effective
Inte￿St method unless the arrangement o)nstitutes a ffnancing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as ￿ceiVable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction Pri￿ unless
the arrangement constitutes a financing transaclion, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt inslNments are subsequendy rArried at amortised cost, using the effective interest rate method.
Trade creditors a￿ obligations to pay for goods or services that have been acquired in the Ordin￿ course of
operalions from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are rec￿niSed inttially at
transaction price and subsequently measured at amortised cost using the effective interest method.

PETERBOROUGH UNIVERSITY OF THE THIRD AGE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JUL Y 2024
Accounting policies
(Continued)
Oerecognltlon of flnancial liabilities
Financial liabilities are derecognised when the charity's contradual obligations expire or are discharged or
cancelled.
Critical accounting estlmates and Judgements
In the application of the charity's accounting policies, the trustees are required to make judgements. estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and assoGiated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are ￿vieWed on an ongoing basis. Revisi)ns to accounting
estimates are recogntsed in the period in which the estimate is revised where the reviston affects cnly that
period. or in the period of the revisicjn and future periods where the revision affects both current and futu
periods.
Donations and legacies
Unrestricted
funds
Total
2024
2023
Membership income
Gift aid reclaim
Donations
22.482
3,737
202
25.291
3.416
26,421
28.707
Charitable activities
General A¢¢offlmodation
fund
2024
Social
Total
2024
Total
2023
2024
2024
Sales within charitable activities
1,722
45,819
39,876
87,417
80,860

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JUL Y 2024
Investments
Unrestrlcted Unrestrl¢ted
funds
funds
2024
2023
Interest receivable
355
173
Charitable actlvlties
General Accommodation
fund
2024
Social
Total
Totsl
2024
2024
2024
2023
Third Age Trust subscription
Accommodation
Website
Refreshments
Speakers
Storage
Mis￿lIaneOUS expense
Postage, telephone and stationery
Magazine costs
Social
Bank charges
3.013
4,952
325
14
410
911
3.073
1.641
6.628
3,013
46.301
325
14
1,375
911
3,073
1,641
6,628
39,476
8,944
44,471
775
520
1,302
1,281
3,166
1,207
5,693
33,061
63
41.349
965
39,476
20.967
42,314
39,476 102,757
100,483
Share of govemance costs (see note 7)
2,280
2,280
2.400
23,247
42,314
39.476 105,037
102,883
Support costs
Support GovemanGe
costs
costs
2024
2023
Accountancy
2,280
2.280
2.400
2,280
2,280
2.400
Analysed between
Charitable aclivities
2,280
2,280
2,400
10-

PETERBOROUGH UNIVERSITY OF THE THIRD AGE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the
charity durtng the year.
Employees
There were no employees during the year.
10 Taxation
The charity is exempt from lax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxationof Chargeable Gains kt 1992 to the extent that these are applied to its charitable objects.
11
Debtors
2024
2023
Amounts falling due within one year:
Prepayments and accrued income
18,095
15,347
12 Creditors: amounts falling due within one year
2024
2023
Notes
Deferred income
Trade creditors
Accruals
13
9,172
4,049
5,533
16.383
4,018
6,751
18,754
27.152
13 Deferred income
2024
2023
Deferred membership income
Deferred social activities
1.472
7,700
1,718
14,665
9,172
16,383
11

PETERBOROUGH UNIVERSITY OF THE THIRD AGE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
14 Designated funds
The income funds of the charity include the following designated funds which have been set aside out of
unrestricted funds by the trustees for specific purposes..
Movement in funds
Incoming
Resources
Balart￿ at
resourcos
expended l August 2023
Movement in funds
Incomin9 Resources
8alanc• at
resourc•$
expended 31 July 2024
Balano at
l August 2022
Accommodation
Social
7,483
6,175
44,505
35,607
(42,1881
(33.0611
9.800
8,721
45.829
39,876
(42,314)
{39.476)
13,315
9,121
13,658
80,112
(75.249}
18,521
85,705
(81.790)
22,436
The A¢commodalion fund relates to local activities run by the charity.
The Social fund relates to trips organised by the charity-
15 Analysis of net assets between funds
Unrestricted Designated
funds
funds
2024
2024
Total
2024
Fund balances at 31 July 2024 are represented by:
Current assetsl(liabilities)
41,993
22.436
64,429
41,993
22,436
64,429
16 Related party transactions
The trustees participate in the activities of the charity on the same basis as other members.
17 Analysis of changes in net fvnds
The charily had no debt during the year.
12-