2024-12-31-accounts

North London U3A

Registered charity 1048587

Trustees’ report for the period 1 January 2024 to 31 December 2024

The North London University of the Third Age (NLU3A) is a learning co-operative of older people who are no longer in full time employment organised on a self-help basis. They share educational, creative and leisure pursuits.

It is administered by the Trustees (“the Committee”) who are elected or re-elected by the members at each Annual General Meeting. There are currently 8 Committee members.

The correspondence address is 30 Connaught Gardens, London N10 3LB or, for email, [e-mail].

This year saw a full range of activities including monthly meetings with talks at St Margaret’s United Reform Church in Finchley, over 60 interest groups and a range of one off and social events. Membership remains strong at around 600.

Our activities provided public benefit through the education and support of the welfare of older people in Barnet, Camden, Islington and Haringey.

A programme for reducing costs, particularly of hiring venues for groups, has been successful in bringing expenditure below projected income. The charity made a surplus of £9,418 in 2024 on the receipts and payments basis. Reserves at 31 December 2024 were comfortably in excess of the minimum targeted in the charity’s policy. NLU3A does not hold any funds as a custodian trustee.

The AGM was held on 13 October 2025; 82 members attended. Additionally there were 8 proxy votes. The meeting noted the accounts, which had been reviewed by an Independent Examiner. The meeting approved the proposal to reduce annual membership fees to £36 for 2026.

The meeting also approved amendments to its constitution to permit trustees to stay longer in post. At the meeting, Michael Lewin was elected Vice Chair, Michael Johns was elected as Business Secretary and Stewart Maugham was elected as Treasurer. Other members of the Committee were re-elected to their current roles, as follows: Henrietta Cohen, Groups Organiser,

Marion Fitzpatrick, Events Organiser,

Ed Halsted, Monthly Meetings Susan Watt, Website Editor.

Following the meeting, the committee co-opted Edmond Cohen to be a trustee and elected him Chair.

Approved by trustees on 14 October 2024

Signed on behalf of Trustees:

………………………………………… Michael Johns (Chair)

………………………………………….Stewart Maugham (Treasurer)

North London U3A Charity No 1045587 Receipts and Payments Account Year Ended 31 December 2024

		Year ended	Year ended	Eight months	Eight months	Eight months
	Note	31 Dec 2024	31 Dec 2024	to 31 Dec 2023		to 31 Dec 2023
Income			£		£
Members Subscriptions			24,712		15,747
Gift Aid	1		1,969			900
Festive lunch and refreshments			546		1,084
The Northern Line			281			234
Donations			580			730
Miscellaneous (including Summer Programme)			85			670
Income from Theatre Outings			525
Income fom Singing for Pleasure			2,015		1,463
Income from Away Days			4,029		1,292
		£	34,742 £	£	22,120 £
Expenditure
Coordinators expense allowances			645			(80)
Third age Capitation Fee			1,800
Rents Groups			9,986		8,569
Rents Central			1,536		2,023
Printing,postage etc			994		1,554
TNL			892			-
Speakers			320			202
Festive lunch and teas			964			882
Coordinators tea			508			-
Additional Summer pg and other.			35			450
Marketing Costs			113			-
Sum Up Machine			95
Website			253			-
Database expenses			543			-
Computer software			352			479
Software: Zoom etc			312			659
Miscellaneous			68			44
Third AgeTrust Magazine			1,463			-
Expenditure from Theatre Outings			525			-
Expenditure from Singing for Pleasure			2,040		1,500
Expenditure from Away Days			1,880		1,142
		£	25,324 £	£	17,424 £
Surplus		£	9,418 £	£	4,696 £
Cash at bank		£	47,509 £	£	38,091 £
Cash movement in year		£	9,418 £

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Notes to the Accounts

1. The Gi5 aid amount relates to the claim for the year ended 30 April 2024.

2. CalculaBon of level of reserves

3. The cash flow of North London U3A is seasonal, most income being received from November through to January. In 2024 the bank balance reached its lowest point on September 27, at £30,784.

4. At this point low point in the cash cycle it is considered prudent to hold sufficient reserve funds to cover at least 9 months’ worth of costs.

5. In 2024 the total costs were £25,324. 9 months’ worth of costs is £18,993.

6. North London U3A therefore held excess reserves above the minimum level equal to £30,784 - £18,993 = £11,791.

Hon Chairman

Hon Treasurer

Authorised to sign on behalf of the trustees

Independent Examiner

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Independent Examiner's Report tothe Management Committee. North London Unlverslty of the Thlrd Age This report is on the fln8nc18l statements of the North London University of the Third Age for the year ended 31st December 2024. Rospactlv• rnspon•lbllltle8 of trustee8 and examlner Members otthe management committee are responsible for the preparation of the financial statements. You consider that an 8udit is not Tequired for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed under section 145 of the Charities Act. It is my responsibility: to examine the accounts under sectlon 145 of the Choritie8 Act: to follow the procedures18id down in the general directions given by the Charty Commission. 8nd to st8te whether particular matters have come to my attention. B••ls of th1• r•port My examination was Carried out in accordance with the general directions given by the Charlty Commission. Th8t examination includes a review of the accounting records kept by the charity arbd a comparison of the accounts with those records. It also includes consideringany unusual items or disclosures in the financial statements and seeking explanation from yY)u as trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given astowhetherthe accounts present a Irue and fair, view 8nd the report is lim•ted to those matters set out in the statement bei(Av. ind•pthxl•nt •xamlnor'8 Statement In connection with my examin8tion. I confirm that no matter has come to my attention which ves me cau8e to bets'eve that. in any material respect: accountin8 record8 were not kept in accoidance with section 130 ot the Charities the account8 do not accord with the accountlng recorda. I h8ve no concern8 arml have come acr088 no other matter8 in connection with the examination to which attention should be drawn in order to enable a prop61 under8tsnding ot the accounts to be repached. Q OLofyL ah-4 S Zo Sc{ 2