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St Albans u3a
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Charity Commission No 1035678
Annual Report and Financial Statements
Year Ending 31[st] July 2022
St Albans u3a Charity Commission No 1035678 Trustees Annual Report for the year ended 31 July 2022 Objects and Activittes St Albans u3a was fom)ed in 1987 and is a seff-financing selfthelp tharity affiliated to the national body - the Third Age Trust - run by and for our members. Our Obl'veS are to advan education and to provide facilities for leisure-time and recreational actiV"eS for. in particular. people in their Third Age residing in the St Albans area. Membership is open to all people who are no k)nger in full time employmen( irrespective of ra, religion, politics or sexual orientation. We run a wide range of activities, inclLKling theatre visits, leaming languages, walking, arts and crafts, and many kinds of spCb.Dg activtbes. The Trustees have had regard to the guidance issued by the Charity CommissK)n on public benefiL Advancements and Achievements St Albans u3a has over 1.100 members who have enriched their education and welbeing through access to fortnightly tslks. to a wde range of intellecttjal, physical and social aclivities organised through over 120 groups, and to educational and SFEcial interest visits organised as trÈps. Physical activities and factrt(Fface meetings were curtailed in 2021 because of Covid-19 restrith"ons. but we have been able to continue significant educational and social actNities using the intemet, parUlartY wth the use of Zoom licences. As Covid-19 Illciden has decreased in 2022 we have resumed more faCe-tO-f and hybrid meetings. Flnancial Review During the year we achieved our obje(#ive of being self-financÉng, aThl at 31 July 2022 we held reseThes of £37,697.27, which are suftient to provide adequate finanaal stabilty and the means to mt our objectNes for the foreseeable future. Although we reduced the Membership Subscriplion in 2018 to decrease the ReseTves over 8 4-5 year period, tsvo years of restrictions in response to Covid-19 resumed in a lower than anticipated expenditu during this period. As a consequence of the addrtional irreaSe in Reserves reported for the year 2020-21, payment of the membership subscription for the current financial year was delayed by six months_ This has resulted in a reduction in our Reserves by approx. £6.000. (fver the next 4-5 year peri(xJ, assuming a continuation of the current slow grobth in memtefship and an average rate of n.081 inflation of 8%. the Reserves are projected to drease to the target figure of £20.000 without requiring any increase in the ar¢nual membership subscription. We have been aided by many valuntary helpers ting as OffiCS. commiltee members. group administrators, trips organisets and in other capacrtie5. Stfucthre, Governan¢¢ and ManageThnt st Albans u38 is an unincorporated members ass1atK)n and a member of the Third Age Trust and is govemed by a Constitution a(k)pted by members on 6 September 2017. Management is vested in the Executive Commfftee, membets of which are Trustees of the chanty. The Committee is Composed of Officers {a Chairman, up to tsvo vic&Chairnien. a Treasurer and a Secretsryl and general Committee Memters to a maximum total of 12 people. All officers and commtitee memters reti at every Annual General Meeting and are eligible for rtrelection suLry"ect to a maximum of three tems, expt that the Treasurer is subject to a maximurn of six temis. No member may serve for more than nine tems in aggregate. Narnes of the charity tnjstees during the year ended 31- Juty 2022: Chairman Linda Watts Dep(Jty Chaiman Treasurer Roger Street Paul England Gillian Dear Nonnan Hart Secretary Committee Members: Manjit Rostom Jean Sara Baker Graham Hopkins jo Carey Jackie Akjridge Linda Watts {Chaimian) Dated 6" October 2022 Paul England {Treasurer} St Albans u3a Annual Report and Financial Statement July 2022 Pagelof6
St Albans U3A
Income and Expenditure Account for the year ended 31 July 2022
Unrestricted fund
| 2021-2022 | 2021-2022 | 2020-2021 | 2020-2021 | |||
|---|---|---|---|---|---|---|
| Notes | Items | Totals | Items | Totals | ||
| Income Donations by subscription Herts Network Refund Sale of Diaries less purchases TAT Donation (u3a Day) Rental Refunds Fixed Term Deposit Interest |
£8,811.50 £86.75 (£13.39) |
£8,884.86 | £16,160.00 (£0.00) £100.00 £390.00 £111.72 |
£16,761.72 | ||
| Expenditure Third Age Trust Costs TAT Subscription, TAT Magazine TAT Conference General Meetings Speakers fees, expenses Hall Rent for General Meetings Membership; refreshments Equipment purchase & hire Communication Newsletter Printing, Postage, Stationery, Telephone Website Licences Membership Expenses Go Cardless Fees Other Expenses Executive Committee Misc Expenses Gifts for Retiring Members U3A Day HSBC Bank Charges |
£4,132.00 £46.15 £1,991.30 £3,121.25 £0.00 £1,162.50 £2,060.00 £467.80 £999.96 £472.06 £93.15 £4.75 £379.31 £131.37 £10.00 |
£15,071.60 | £5,078.56 £0.00 £995.00 £195.00 £0.00 £0.00 £1,787.20 £281.68 £999.96 £757.42 £98.10 £58.40 £121.49 £115.20 |
£10,488.01 | ||
| Net surplus (loss) on General Account | (£6,186.74) | £6,273.71 | ||||
| Net surplus (loss) on Trips Accounts Net surplus (loss) on Groups Accounts |
page 4 page 5 |
£466.08 £0.00 |
(£216.09) £0.00 |
|||
| Total surplus (loss) for year | (£5,720.66) | £6,057.62 |
Page 2 of 6
St Albans u3a Annual Report and Financial Statement July 2022
St Albans U3A
Balance Sheet at 31 July 2022
| 2021-2022 | 2021-2022 | 2020-2021 | 2020-2021 | |||
|---|---|---|---|---|---|---|
| Notes | Items | Totals | Items | Totals | ||
| Current Assets Cash at bank and in hand Lloyds Bank - General account Lloyds Bank - Trips account Lloyds Bank Group Account HSBC - Holding account Shawbrook Bank 1 year fixed term Cash in hand (Treasurer + Groups) |
page 4 page 5 |
£31,005.13 £4,258.91 £2,588.20 £0.00 £10,100.00 £99.69 |
£48,051.93 | £28,653.56 £2,634.68 £1,266.65 £10,267.57 £136.34 |
£42,958.80 | |
| Creditors: amounts falling due within one year Subscriptions in advance Earlier Year Subscriptions GoCardless Debit (Refund) Trips advance receipts/payments Trips Receipts due 2022-23 Trips Account Refunds Groups advance Receipts (Payments) Groups Cash advance Receipts |
page 4 page 4 page 4 page 5 page 5 |
£8,411.50 £14.69 £288.65 (£278.00) £1,878.18 £39.64 |
£10,354.66 | £75.00 (£55.00) £29.60 (£797.00) (£350.50) £556.63 £82.14 |
(£459.13) | |
| Total net assets | £37,697.27 | £43,417.93 | ||||
| Unrestricted Fund Balance brought forward Surplus (Loss) for the year Balance carried forward |
£43,417.93 (£5,720.66) |
£37,697.27 | £37,360.31 £6,057.62 |
£43,417.93 |
Notes to the financial statements for the year ended 31[st] July 2022
1 Basis of preparation
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value.
These accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities, the Financial Reporting Standard applicable in the UK (FRS 102) and with the Charities Act 2011.
2 Accounting policies
Income
Income is recognised when the charity becomes entitled to the resources; it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
Volunteer help
The value of any voluntary help is not included in the accounts but is described in the trustees annual report.
Income from membership subscription
Membership subscriptions received in the nature of a gift are recognised in Donations.
Liabilities
Liabilities are recognised when it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Deferred income
No material item of deferred income has been included in these accounts.
Creditors
The charity has creditors which are measured at settlement amounts.
Tangible fixed assets for use by the charity
These are capitalised if they can be used for more than one year and cost at least £1,000. They are valued at cost.
Page 3 of 6
St Albans u3a Annual Report and Financial Statement July 2022
St Albans U3A
Trips Accounts for the year ended 31st July 2022
| Balance B/F from 2020-21 |
Total Receipts per Trip |
Total Payments in year |
Sums Due |
Surplus/ deficit for year |
C/F to 2022-2023 |
|
|---|---|---|---|---|---|---|
| Miscellaneous Just Go Lords Carousel Sculpture Park |
(£5.00) £81.00 £111.00 £224.00 |
£734.84 £7,369.50 £115.50 £324.00 £912.00 |
£1,097.56 £7,169.50 £60.00 £36.00 £565.00 |
(£357.72) £200.00 (£25.50) £177.00 £123.00 |
||
| Comedy Saville Gardens Hillier Night Mother Studley Castle |
£736.50 | £1,470.00 £1,430.00 £952.50 £1,043.00 £2,274.00 |
£710.00 £1,300.00 £969.00 £954.50 £2,327.00 |
£23.50 £130.00 (£16.50) £88.50 (£53.00) |
||
Xmas Lights John Rutter Xmas at Kew Nutcracker 2 Cigarettes |
£720.00 £1,372.68 £1,650.00 £1,452.28 £945.00 |
£654.94 £1,337.12 £1,704.50 £1,408.00 £990.00 |
£65.06 £35.56 (£54.50) £44.28 (£45.00) |
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Madeira Newquay Folkestone Legally Blond La Boheme |
£827.00 £0.00 £360.00 £1,912.00 £1,631.53 |
£940.00 £150.00 £360.00 £1,824.50 £1,631.63 |
£150.00 | (£113.00) £0.00 £0.00 £87.50 (£0.10) |
||
| My Fair Lady Oxford Cambridge Beethoven Wisley |
£1,814.50 £2,253.40 £586.50 £1,401.05 £1,311.60 |
£1,911.25 £2,067.40 £590.00 £1,336.20 £1,257.20 |
(£96.75) £186.00 (£3.50) £54.40 |
£0.00 £64.85 |
||
| Richard III Hinton Hendon Noises Off Beaulieu |
£1,185.00 £640.50 £364.00 £1,808.50 £1,648.75 |
£1,185.00 £651.00 £335.00 £1,850.00 £1,723.00 |
(£10.50) £29.00 (£74.25) |
£0.00 (£41.50) |
||
| Barefoot in the Park Xmas carol Upstart Crow Hampton Court Windsor |
£3,098.50 £642.50 £1,268.00 £1,120.00 £1,611.00 |
£2,975.00 £1,350.00 £1,298.90 £1,591.20 |
£128.00 | £123.50 (£50.90) |
£642.50 (£82.00) £19.80 |
|
| Mamma Mia Green Island Garden Nymans Nidd Hall |
£170.00 £0.00 £515.00 £0.00 |
£195.00 £20.00 £635.00 £150.00 |
(£25.00) (£20.00) (£120.00) (£150.00) |
|||
| Totals | £1,147.50 | £48,934.63 | £47,310.40 | £278.00 | £466.08 | £288.65 |
| Opening bank balance | £2,634.68 |
|---|---|
| Payments brought forward Surplus for the year Net receipts carried forward Receipts due nextyear |
£1,147.50 £466.08 £288.65 (£278.00) |
| Closing bank balance | £4,258.91 |
Page 4 of 6
St Albans u3a Annual Report and Financial Statement July 2022
St Albans u3a
Groups Accounts for Year Ending 31st July 2022
| Balance from 2020-21 |
Cumulative Group Income |
Cumulative Group Expenditure |
Balance on Group Acc't |
|
|---|---|---|---|---|
| Badminton 1 (HSV) Badminton 2 (WL) Badminton 3 (HSV) Bridge Beginners |
£153.21 £163.12 (£134.29) (£402.63) |
£4,165.00 £1,237.75 £1,314.00 £392.00 |
£3,332.00 £1,138.25 £1,266.00 £0.00 |
£986.21 £262.62 (£86.29) (£10.63) |
| Bridge improvers Canasta 2 Cribbage 1 Cycling Group |
£94.54 £36.00 (£23.70) £3.83 |
£1,392.00 £192.00 £312.15 £0.00 |
£1,312.50 £144.00 £168.00 £0.00 |
£174.04 £84.00 £120.45 £3.83 |
| Drawing & painting Exploring London 3 Garden Visits 1 Garden Visits 2 |
£108.30 £0.00 £0.00 £0.60 |
£620.00 £176.00 £645.00 £249.50 |
£607.00 £176.00 £645.00 £249.50 |
£121.30 £0.00 £0.00 £0.60 |
| History 4 Italian Jazz in 3rd Age Natural History1 |
£0.00 £0.00 £461.09 £0.00 |
£199.50 £602.00 £1,083.00 £127.50 |
£199.50 £600.00 £1,140.25 £0.00 |
£0.00 £2.00 £403.84 £127.50 |
| Philosophy S&T Group Singing Group Table Tennis 1 |
£5.00 (£2.00) £58.49 £14.74 |
£80.00 £0.00 £315.00 £483.00 |
£85.00 £0.00 £373.50 £604.50 |
£0.00 (£2.00) (£0.01) (£106.76) |
| Table Tennis 2 Table Tennis 3 Table Tennis 5 Ukulele 1 |
£18.65 (£3.00) £4.65 £0.00 |
£472.00 £0.00 £693.00 £789.65 |
£604.50 £0.00 £742.00 £831.00 |
(£113.85) (£3.00) (£44.35) (£41.35) |
| Ukulele 4 | £0.03 | £0.00 | £0.00 | £0.03 |
| Annual Totals | £556.63 | £15,540.05 | £14,218.50 | £1,878.18 |
| Groups Cash Totals | £82.14 | £774.00 | £816.50 | £39.64 |
| Bank Account Float | ||||
| Lloyds Account Float | £710.02 | £710.02 | ||
| Opening Balances Lloyds Groups Account £1,266.65 Groups Cash in Hand £82.14 Receipts £15,540.05 Payments £14,218.50 Closing Balances Lloyds Groups Account £2,588.20 Groups Cash in Hand £39.64 Total Groups Balance £2,601.14 |
||||
| Opening Balances Lloyds Groups Account Groups Cash in Hand |
£1,266.65 £82.14 |
|||
| Receipts Payments |
£15,540.05 £14,218.50 |
|||
| Closing Balances Lloyds Groups Account Groups Cash in Hand |
£2,588.20 £39.64 |
|||
| Total Groups Balance | £2,601.14 |
Page 5 of 6
St Albans u3a Annual Report and Financial Statement July 2022
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
| ort to the trustees/ mbers of On accounts for the year ended Set out on pages |
Charity Name St Albans U3A |
Charity Name St Albans U3A |
Charity Name St Albans U3A |
|---|---|---|---|
| 31stJuly 2022 | Charity no (if any) |
1035678 | |
| 2 to 5 (remember to include the page numbers of additional sheets) |
Report to the trustees/ members of
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31[st] July 2022
As the charity's trustees, you are responsible for the preparation of the accounts in Responsibilities and basis of accordance with the requirements of the Charities Act 2011 (“the Act”). report
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have come examiner's statement to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements 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 which is not a matter considered as part of an independent examination.
I have no concerns 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 accounts to be reached.
Signed: Date: Name: John G Milbourn Relevant professional FCA qualification(s) or body
Address: 83 King Harry Lane, St Albans, AL3 4AS
Page 6 of 6
St Albans u3a Annual Report and Financial Statement July 2022