Charity number: 1077058 Northampton University of the Third Age (The Northampton U3A) Trustees' Annual Report and Annual Accounts for the year ended 31 March 2025
Northampton University of the Third Age Legal and administrative information Registered charity number: 1077058 Trustees: Sue Shurville (Chair) Stephen Brame (Vice Chair) Eileen Brown (Secretary) Nick Stafford (Treasurer) Jane Evans (Group Liaison Officer) Pat Isaacs (Group Liaison Officer) Peter Brown (Webmaster) Tony Kellett (Membership Secretary) Jackie Brame(Communications) Sue Marshall (Social Events) Claire Douglas Paula Stephenson Contact address: 6 Naomi Close Northampton NN3 3PG Independent examiner: Natalie Green Natalie Green & Co Chartered Accountants 7G Mobbs Miller House Christchurch Road Northampton NN1 5LL Bankers: The Co-operative Bank PO Box 250 Skelmersdale WN8 6WT 1
2 Northampton University of the Third Age Trustees' report for the year ended 31 March 2025 The trustees present herewith their report and the annual accounts for the year ended 31 March 2025. The accounts consolidate all of the financial activities of the charity, comprising the main account (all general income and expenditure), the social account (trips and outings) and all group leaders' summary accounts (individual study and leisure groups). Structure, governance and management The charity is a registered charity constituted as a trust, and is governed by its constitution adopted on 29 June 1999. he management of the charity is vested in a Committee of trustees, consisting of at least five and no nore than twelve members. Trustees are elected annually by the membership at the annual genera meeting. All persons interested in supporting the objectives of the charity are admitted to membership at the approval of the Committee and upon payment of an annual subscription. Objectives and activities The Northampton University of the Third Age is part of the Third Age Trust (a national registered charity 288007). The objects of the charity, which is a public benefit entity, are: 1) to advance the education of the public and in particular the education of middle aged or older people in Northampton and its surrounding locality who are either retired or semi-retired, and ii) to provide facilities for leisure time and recreational activities with the object of improving the conditions of life for the above persons in the interests of social welfare. The charity enables members to share educational, creative and leisure activities. This is achieved In planning activities, the trustees keep in mind the Charity Commission's guidance on public benefit. Achievements and performance The charity has continued to fulfil its objectives by means of the activities as summarised above. Details of the income and expenditure for the year are set out in the statement of financial activities on page 4 of the annual report. Total income from all sources for the year amounted to £69,930 and total expenditure was £68,215. The surplus arising of £1,715 has been transferred to reserves. Policy on reserves Reserves are held to either meet specific identified liabilities, to fund special projects or for use as a contingency. The year end reserves are disclosed and analysed in note 8 to the accounts. Approved by the trustees and signed on their behalf by S|Shunle Atiffered Sue Shurville (Chair) Nick Stafford (Treasurer) 13 Mans. 2025 13Н May 2025
3 Independent Examiner's Report to the Trustees of Northampton University of the Third Age I report on the accounts of the charity for the year ended 31 March 2025, which are set out on pages 4 to 9. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordance 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 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 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 in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or the accounts do 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. Notorie Green Natalie Green Chartered Accountant 7G Mobbs Miller House Christchurch Road Northampton NN1 5LL Date: 15 May 2025
Northampton University of the Third Age Statement of financial activities for the year ended 31 March 2025 Note Income from: Subscriptions Events Monthly meetings Gift Aid Miscellaneous Investment income - bank interest Social activities Subscriptions to individual groups Total income Expenditure on: Capitation and licences Monthly meetings and events Committee expenses Other Social activities Expenditure by individual groups Total expenditure Net income/(expenditure) 2 3 3 3 2 Net income/(expenditure) for the year (as above) Total funds brought forward at 1 April 2024 Total Funds carried forward at 31 March 2025 8 Un- restricted funds € 18,974 2,101 - 2,691 - 1,141 - - 24,907 7,896 7,544 3,368 6,149 : 24,957 (50) (50) 23,147 23,097 Restricted Income funds € ... 23,292 21,731 45,023 23,204 20,054 43,258 1,765 1,765 9,818 11,583 Total 2025 € 18,974 2,101 - 2,691 1,141 23,292 21,731 69,930 7,896 7,544 3,368 6,149 23,204 20,054 68,215 1,715 1,715 32,965 34,680 4 - Total 2024 € 20,014 1,857 2,581 216 413 30,357 19,013 74,451 8,221 7,241 3,120 7,260 29,999 18,231 74,072 379 379 32,586 32,965
5 Northampton University of the Third Age Balance Sheet as at 31 March 2025 Current assets Debtors Cash at bank and in hand Note 5 6 Un- restricted funds € 4,442 33,565 38,007 (14,910) Restricted Income funds € 35 12,476 12,511 (928) Total 31 March 2025 Total 31 March 2024 4,477 46,042 50,519 (15,839) 18,905 45,585 64,490 (31,525) Creditors: amounts falling due within one year Net assets Funds of the charity Unrestricted funds Restricted funds Total funds 7 23,097 11,583 34,680 32,965 8 8 23,097 - 23,097 11,583 11,583 23,097 11,583 34,680 23,147 9,818 32,965 These financial statements were approved and authorised for issue by the trustees on 6* May 2025 and signed on their behalf by: §Shunitt Sue Shurville (Chair) Date. 13 May ....2025 Nick Stafford (Treasurer) Dare It May .......2025
6 Northampton University of the Third Age Notes to the financial statements for the year ended 31 March 2025 1 Accounting policies The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared 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 issued in October 2019 (SORP 2019), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going concern basis and under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity. Fund accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. 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 funds of the social account and the funds held by group leaders are classified as restricted funds. Income recognition All income is included in the statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Subscriptions received during the financial year pertaining to the next financial year are not reflected in the current year statement of financial activities, but are carried forward as deferred income (shown on the balance sheet) to be reflected in next year's statement of financial activities. Where income has related expenditure, the income and related expenditure are reported gross in the statement of financial activities. Expenditure recognition Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where payments are made in the financial year which relate to the next financial year, the payment is not reflected in the current year statement of financial activities, but is carried forward as a prepayment (shown in the balance sheet) to be reflected in next year's statement of financial activities. Volunteer help The value of volunteer help received is not included in the accounts. Tangible fixed assets Tangible fixed assets are capitalised (and hence not shown in the statement of financial activities) if they have an expected useful economic life in excess of one year, and cost in excess of £2,000. Assets which do not meet these criteria are shown as expenditure in the statement of financial activities. An asset register is nevertheless maintained for all tangible fixed assets, regardless of cost, for the purpose of internal control.
Northampton University of the Third Age Notes to the financial statements for the year ended 31 March 2025 - continued 2 Social activities Income Theatre Trips Group events Annual holiday less receipts in advance Expenditure Theatre Trips Group events Annual holiday Expenses prepaid Surplus for the year 3 Expenditure analysis Monthly meetings and events Speakers Room hire and refreshments Events other than monthly meetings Committee expenses Telephone Postage Travel Printing and stationery Other Training Equipment Newsletters Web and IT Miscellaneous Independent examination fee 2025 € 8,329 2,453 13,438 (928) 23,292 8,277 1,554 - 13,408 (35) 23,204 88 2025 € 725 4,550 2,269 7,544 5 2,851 37 475 3,368 4,178 409 560 630 6,149 7 2024 € 7,360 2,867 2,220 34,648 (16,738) 30,357 4,030 2,554 2,181 22,684 (1,450) 29,999 358 2024 € 1,031 4,331 1,879 7,241 31 2,442 475 3,120 1,111 288 4,505 350 406 600 7,260
8 Northampton University of the Third Age Notes to the financial statements for the year ended 31 March 2025 - continued 4 Trustees Remuneration The trustees did not receive any remuneration during the year. Two trustees (2024: 3) had mileage expenses reimbursed by the charity. The total sums reimbursed during the year amounted to £37 (2024: £74). The charity had no paid employees. 5 Debtors Prepayments Other debtors 2025 € 1,622 2,855 4,477 2024 € 3,884 15,021 18,905 6 Cash at bank and in hand Current account - main account Deposit accounts Current account - social account Monies held by group leaders 2025 € 8,535 30,031 2,784 4,692 46,042 2024 5,567 26,345 10,658 3,015 45,585 7 Creditors - amounts falling due within one year Deferred income (receipts in advance) Accruals 2025 € 15,209 630 15,839 2024 € 30,579 946 31,525
Northampton University of the Third Age Notes to the financial statements for the year ended 31 March 2025 - continued 8 Statement of funds Unrestricted funds Restricted funds At 1 April 2024 23,147 9,818 32,965 Net income/ (expenditure) (50) 1,765 1,715 Other movements € - - The unrestricted funds represent the free funds of the charity which are not designated for specific purposes. The restricted funds related to unexpended income intended for specific purposes and comprise: Social account fund Group leaders' funds 2025 € 6,891 4,692 11,583 9 Related party transactions There were no related party transactions requiring disclosure during the year (2024: none). 9 At 31 March 2025 € 23,097 11,583 34,680 2024 € 6,803 3,015 9,818