Burgess Hill Year End Accounts: 31st December 2023 Income and Ex ditUTe Income Membership Subscriptions- Note I Gift Aid - Note 2 Granvs, Transferls. Donation/s Events Monthly Meetin85 Group Meetings Bank interest Miscellaneous- Note 3 TOTAL 2023 2022 £8.187 £1,243 7,822 1,198 £8.859 £1,067 £14,955 £658 £1,479 2,135 650 11.908 52 185 Ex erKllture Third Age TrusVNational Office- Note I NewsLink & Printin8- Note I Adminlstratlon Awareness and Promotion Monthly Meetings Group Meetings Other Meetin8S Events Mlscellaneous Depreclaton TAL £3,692 £4,207 £369 £687 £1,396 £16,330 £398 £9.161 £19 £175 3,481 2,898 470 284 639 14,138 899 1,742 175 24.726 Excess Income over expendlture -776 FIX Assets: Purchase of equipment over £500: Depreclation of equipment- Net bix>k value carrled fwd.. 699.IX) 99.ijj 699 524.25 174.75 Bank and De sit Accounts Admin Account l Bal at Barclays Bank Current Account Uoyds Bank- Note 4 Year end adjustments COIF Charities Deposit Fund - Note 5 UTB 120 day notice account- Note 6 otal: 31,132.95 4,741.66 1,221.82 5,390.59 33,0(K>. 37 75.66 37 745.36 Notes to the accounts Note l- Membership subscrlptlons are used mostly to pay the National Office fee of £4.(Kl per member, as well as Third Age Matters and NewsLink. Note 2 - The claim for the Gift Aid relates to the year 2022. Note 3 - MIslIaneouS includes takings and costs lating to the summer Fayre. Note 4- A new current U3A account was opened at Uoyds Bank on 29 September 2023 to replace the Barclays Bank accounts due to the poor service bein8 received from Barclay5 Bank. Note 5- The COIF account was closed on 14th June 2023 and the proceeds transferred to the Barclays Bank current account. Note 6- Also on 14th June a new 120 day savings atcount was opened at the United Trust Bank providing interest at the BOE current rate.
Reserves Poll At the Board of Trustee5 Meeting of 12th September 2023 it was agreed that the level of financial reserve5 should be kept at no less than 6 months. As at 31st December 2023 the finanoal resep4es were £37,742 and annual expenditure wa5 £36,434, i.e. reserve5 of 104% of annual expenditure or 12.4 months. Fees Poli The Board of Trustees policy on mernbership fees is that they Should remain at the same level in 2024 as in 2023. Going fonvard it is planned to maintain current levels of membership fees for as long as funds allow. Group meeting fees will remain at the same amount of £2.CK) per person for those groups where the income balanS or does not greatly exceed expenditure. In those few cases where expenses are considerably in excess of the income. alternative arrangements will be made on a case by case basis, in conjunction with the Group Leader and Convenor. Events The following Events were undertaken during the year 2023. Eastboume Theatre Trip. Greyhound Stadium. Arundel Tullp Festival. Chichester Ship Canal. Kenwood House wlt. Chatham Dockyard Wisit. Orion Cinema. Christmas Lunch at the Oak Bam. These events were, for the most part, funded by the membets who partapated in eath event. Overall income was £8,859 as a8ain5t Costs of £9,161. Independent examlner's report to the Trustees of Bur8ess Hlll U3A I report to the Trustees on my examination of the accounts of the Bur8ess Hill U3A (the Trust) for the year ended 31st December 2023. Responslbllltles and bas1$ of the report As the charity Trustees of the Trust you are responsible for the preparation of the accounts In accordance wlth the requlrements of the Charitie5 Act 2011 ("the Act"). I report in repect of my examination of the Trust's accounts carried out under Section 145 of the 2011 Art and in carrying out my examination I have followed all the applicable Directions 8lven by the Charity Commission under Sectlon 145(5)(bl of the Act. Independent examlner's statement I have completed my examlnatlon. I confirm that no materlal matters have come to my attentlon In connectlon wlth the examlnatlon glvin8 me cause to believe that In any materlal respect: i. accountln8 records were not kept in respect of the Trust as requlred under Sertlon 130 of the Art; or 2. the accounts do not accord wlth those records. I have no COnrn5 and have come across no other matters In connection with the examination to which attentlon should be drawn in this report In order to enable a proper understandin8 of the accounts to be reached. Name of examlner: Lynne Adams Slgned: Erbthic'ly- Address: 32, Kendall Court. Haywards Heath. RH16 45X, West Sussex