UNIVERSITY OF THE THIRD AGE - LUTON ACCOUNTS 31ST MARCH 2025 Registered Charity No. 1064863 UNIVERSITY OF THE THIRD AGE - LUTON ACCOUNTS 31ST MARCH 2025 Contents Report of the Trustees Statement of Financial Activities Balance Sheet Notes to the Accounts Independent Examiner's Report Page Page 1 UNIVERSITY OF THE THIRD AGE - LUTON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 The Trustees present their annual report together with the accounts for the year ended 31st March 2025. They are prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK an Republic of Ireland (FRS102) (effective 1st January 2019). Objectives and activities The object of the charity is 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 conducive to learning and personal development. The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing aims and objectives and in planning future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set. Achievements and performance The charity has once again held regular face to face monthly meetings for members throughout the year. The social activity groups have once again held face to face activities. The organisation has carried out its activities within its budget for the year. The income for the year amounted to f28,555 and has been used to fulfil the objects of the charity. The deficit for the year was f15. Reserves policy Unrestricted funds In accordance with guidelines issued by the Charity Commissioners, the Trustees have adopted a policy regarding reserves which should ensure that there are adequate funds to enable the charity to meet all current and known future liabilities. The level of reserves is considered and reviewed at regular intervals by the Trustees. Structure, Governance and Management Governing document The charity is governed by a constitution formally adopted on 12th August 2002 and subsequently amended on 27th June 2018 and 17th May 2021. Organisation The names of the Trustees who served during the year are set out below. Trustees meetings are held on a regular basis. Risk management The Trustees carry out an annual review of the risks which the charity may face, have established systems and procedures to mitigate any risks identified and minimise any potential impact should any identified risks materialise. Page 2 UNIVERSITY OF THE THIRD AGE - LUTON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025 Reference and administrative details The Charity The charity is a registered charity, number 1064863. Trustees The charity is administered by an Executive Committee as follows: Mr S Rutstein Mrs E Allam Mr A Cline Mr R Putman Mrs H Corfan Mrs W Kinninmonth Mrs G Indge Mrs C Chamberlain Mrs P Carey Mr A Russell For and on behalf of the Executive Committee Gualoge Mrs G Indge Chair Date 30 Jure 2025 Page 3 UNIVERSITY OF THE THIRD AGE - LUTON STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31ST MARCH 2025 Unrestricted Funds 2025 2024 1,798 10,560 8,764 72 7,243 118 28,555 2,299 11,053 5,880 81 7,681 95 27,089 EXPENDITURE ON: Charitable activities: Diary purchases General Meetings room hire Speakers fees Administration expenses Marketing Subscriptions Committee meetings Independent examiner Equipment Group support In Touch Affiliation fees and beacon licence RHS affiliation U3A News Other activities: Social group activities 250 9,619 1,171 892 897 35 554 822 761 1,398 3,059 - 1,259 7,853 385 8,896 1,115 875 205 64 508 744 95 56 1,822 3,145 45 1,312 6,712 28,570 (15) 25,979 1,110 NET MOVEMENT IN FUNDS Reconciliation of funds: Total funds brought forward 1st April 2024 Total funds carried forward 31st March 2025 18,411 18,396 17,301 18,411 Page 4 UNIVERSITY OF THE THIRD AGE - LUTON BALANCE SHEET - 31ST MARCH 2025 2025 2024 CURRENT ASSETS Bank - current account Bank - social account Bank - deposit account Cash in hand Prepayments LESS: CURRENT LIABILITIES Income in advance and accruals 10,055 7,592 8,059 254 250 10,456 8,021 7,941 254 250 26,210 26,922 7,814 8,511 TOTAL NET ASSETS 7,814 18,396 8,511 18,411 Represented by: ACCUMULATED FUND 18,396 18,411 The committee approve these accounts and confirm that they have made available all relevant records and information necessary for their preparation. For and on behalf of the Committee Mr R Putman Treasurer GinaInage Mrs G Indge Chair Date 30 JUNE ZUZS Page 5 UNIVERSITY OF THE THIRD AGE - LUTON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025 ACCOUNTING POLICIES (a) Basis of preparation The accounts have been prepared under the historical cost convention, and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective Ist January 2019) and the Charities Act 2011. The presentation currency of the accounts is in Pounds Sterling (f), which is the functional currency of the charity. The charity meets the definition of a public benefit entity under FRS102. (b) Fund structure Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. (c) Income recognition Income is accounted for on a receivable basis. (d) Expenditure recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Charitable expenditure comprises those costs incurred by the charity in the delivery of it's activities. 2. RELATED PARTY TRANSACTIONS None of the trustees claimed expenses from the charity during the year (2024 - £nil). None of the trustees received any remuneration from the charity during the year (2024 - fnil) Page 6 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF UNIVERSITY OF THE THIRD AGE - LUTON I report to the trustees on my examination of the accounts of University of the Third Age - Luton (the Charity) for the year ended 31st March 2025. Responsibilities and basis of report As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordence with the requirements of the Charities Act 2011 (the Act). I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that: (1) accounting records were not kept in respect of the Charity as required by section 130 of the Act; Or (2) the accounts do not accord with those records; or (3) the accounts do not comply with the applicable requirements concerning the form and content of the 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. Tara Aldwin ACA FKCA LIMITED Chartered Accountants 260 - 270 Butterfield Great Marlings Luton Beds LU2 8DL 10 July 2025