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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 spC￿b.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 wel￿being 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, par￿UlartY 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 m￿t 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 ir￿reaSe 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￿.0￿81 inflation of 8%. the Reserves are projected to d￿rease 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 OffiC￿S. commiltee members. group administrators, trips organisets and in other capacrtie5. Stfucthre, Governan¢¢ and ManageThnt st Albans u38 is an unincorporated members ass￿1atK)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, ex￿pt 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)|| |
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