POTTERS BAR UNIVERSITY OF THE THIRD AGE Registered Charity Number 1079721 ANNUAL REPORT -YEAR ENDED 31 JULY 2024
Constitution
Potters Bar University of the Third Age was established under a constitution signed on 10 September 1999. The current version was formally adopted at an Extraordinary General Meeting held on 8 January 2024.
The Charity Commission confirmed by a letter that the Charity was entered in the Central Register of Charities with effect from 9 March 2000.
| Trustees | |
|---|---|
| Patricia Bennellick | ) Joint Chairmen |
| Leslie Chesson | ) (appointed 5 January 2024) |
| Deborah Williams | Vice Chairman (appointed 5 January 2024) |
| Linda Bradish | Secretary |
| Annette Higgs | Treasurer (appointed 9 October 2023) |
| Paul Burnham | (appointed 5 January 2024) |
| Josephine Cahill | Membership Secretary |
| Paul Chivers | (appointed 5 January 2024; resigned 8 May 2024) |
| Shirley Goodman-Phillips | |
| David Jones | (co-opted 24January2024} |
| Gary Priestley | (co-opted 24January 2024) |
| Kathryn Shaw | {re-elected 9 October 2023) |
| Carol Wilcox | (appointed 9 October 2023) |
| Judy Prior | |
| David Ramsay | (appointed 5 January 2024) |
| Bankers | |
| Metro Bank | |
| OneSouthampton Row | |
| London WC1B 5HA | |
| IndependentExaminer |
Paul O’Brien
Objectives
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, in Potters Bar and its surrounding locality.
Finance
During the year the Charity had an excess of expenditure over income on general activities of £5,351 and an excess of income over expenditure of £2,308 on group activities (comparable figures for 2023 were an excess of £1,961 and £1,137 respectively).
As at 31 July 2024 there were unrestricted funds of £7,330 in the General Fund and £9,775 tor specific group activities.
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‘a relation to the General Fund the Trustees’ aim is to hold not less than 6 months expenditure in reserve to cover future eventualities. In relation to group activities reserves are needed as some individual trips / events operate at a loss and costs are often met before the income has been received and banked. The reserves as at 31 July 2024 comply with this policy.
Year ended 31 July 2024
The Charity has provided facilities for continuing learning and physical activities for its membership which numbered 573 as at 31 March 2024, a decrease from 651 as at 31 March 2023.
There are about 46 educational and recreational groups, all of which are self-financing. A broad spectrum of subjects is offered including languages, music and art appreciation, bridge, golf, crafts, physical activities and social events.
The Future
The Charity intends to continue running the activities undertaken in 2023 and to expand them in accordance with the needs and wishes of the membership.
Signed on behalf of the Trustees
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Pat Bennellick Les Chesson Annette Higgs
Joint Chairman Treasurer
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OTTERS BAR UNIVERSITY OF THE THIRD AGE Registered Charity Number 1079721
income and Expenditure Account for Year Ended 31 July 2024
|I|||2023||T|[||2024||||
|---|---|---|---|---|---|---|---|---|---|---|
|||General|Groups|Total|||General|Groups|Total||
|||£|£|£|||£|£|£||
||Income||||||||||
||Subscriptions|7,352|||||7,484||||
||GiftAid|1,064|||||1,057||||
||Newsletters|620|||||360||||
||Groups-CHG outings||26,332|||||28,572|||
||Groups-Theatre outings||0|||||1,431|||
||Groups -Other||1,849|||||2,641|||
||Sundries|112|||||0||||
||TotalIncome|9,148|28,181|37,329|||8,901|32,644|41,545||
||Expenditure||||||||||
||Capitation Fees|2,412|||||2,288||||
||U3AThirdAge Magazine|1,290|||||3,078||||
||Local News Letters|642|||||10||||
||Hire of Halls|2,614|||||3,446||||
||MonthlySpeakers|1,084|||||1,046||||
||Printing, Stationery|164|||||1,142||||
||Postage|414|||||475||||
||ComputerCosts|411|||||522||||
||Equipment|60|||||1,298||||
||AGM
Costs|492|||||106||||
||GroupCo-Ordinators'
meeting|1,316|||||730||||
||Bank Charges|0|||||0||||
||Groups- CHG outings||25,420|||||25,967|||
||Groups-Theatre outings||75|||||1,386|||
||Groups -Other||1,549|||||2,982|||
||Sundry Costs|209|||||112||||
||TotalExpenditure|11,109|27,044|38,154|||14,252|30,335|44,587||
||Enos{shordialpobiexonr
over expenditure|-1,961|1,137|-825|||5,351|2,308|-3,043||
||Funds broughtforward|14,642|6,330|20,972|||12,681|7,467|20,147||
||Fundscarriedforward|12,681|7,467|20,147|||7,330|9,775|17,105||
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Registered Charity Number 1079721
2QTTERS BARUNIVERSITY OF THE THIRD AGE
Balance Sheet for Year Ended 31 July 2024
| Balance Sheet for Year EndedYear EndedEnded 31 July 20242024 | Balance Sheet for Year EndedYear EndedEnded 31 July 20242024 | Balance Sheet for Year EndedYear EndedEnded 31 July 20242024 | Balance Sheet for Year EndedYear EndedEnded 31 July 20242024 | Balance Sheet for Year EndedYear EndedEnded 31 July 20242024 | Balance Sheet for Year EndedYear EndedEnded 31 July 20242024 | Balance Sheet for Year EndedYear EndedEnded 31 July 20242024 | Balance Sheet for Year EndedYear EndedEnded 31 July 20242024 | Balance Sheet for Year EndedYear EndedEnded 31 July 20242024 | Balance Sheet for Year EndedYear EndedEnded 31 July 20242024 | Balance Sheet for Year EndedYear EndedEnded 31 July 20242024 | Balance Sheet for Year EndedYear EndedEnded 31 July 20242024 | Balance Sheet for Year EndedYear EndedEnded 31 July 20242024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| —>IT | ||||||||||||
| 2023 | i |
|||||||||||
| General | Greups | Total | i 4 |
General | i | Groups | ||||||
| Assets Bank Accounts |
Add: paymentsinadvance to 31July 24 |
£ 17,062 0 |
||||||||||
| -alaaiiiapiaie advance to31July24 |
-4,382 | -9,913 | -14,295 | |||||||||
| Assets/unrestrictedfunds |
Notes to the Accounts
- Income received in advance are:
a) Member’s subscriptions received in the year ended 31 July 2024 for membership effective 1 August 2024. b) Groups Income in Advance consists of Income received by CHG for outings to take piace in 2024/2025.
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Hire of Halls includes teas, coffees and snacks and tea and scones events.
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The CHG trips continue to be well attended and have been verv successful and within budgeted cost.
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U3A Third Age Magazine — 2 subscriptions were paid in this financial year. One for this financial year (2024/25) and one for the previous year (2023/24).
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Printing and stationery — increase in volume of printing leaflets. Printing costs have aiso increasec
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Equipment — purchase of three replacement laptops.
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3QTTERS BAR UNIVERSITY OF THE THIRD AGE “egistered Charity Number 1079721
independent Examiner’s Report to the Trustees for the year ended 31 July 2024
| report on the accounts of the Charity for the year ended 31 July 2024, which appear on pages 3 an:
espective responsibilities of the Trustees and the Examiner
The Charity's Trustees are responsible for the preparation of the accounts. The Charity's Trustees consider that an audit is not required for this year (under section 144 of the Charities Act 2011) ane that an independent examination is needed.
tis mv responsibility to:
- Examine the accounts under section 145 of the Charities Act 2011
*To follow the procedures laid down in general directions given by the Charity Commission tunae: section 145(5)(b) of the Charities Act 2011) ane
*To state whether particular matters have come to my attention
Basis of the Independent Examiner's report
My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity ana a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from the Trustees concerning 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 as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
Independent Examiner's Statemen?
In connection with my examination, no material matters have come to my attention which give me cause to believe that in anv material respect:
- Accounting records were not kept in accordance with section 130 of the Charities Act 2011
*The accounts do not accord with the accounting records
| have come across no other matters in connection with the examination to which attention should be drawn so as to enable a proper understanding of the accounts to be reached.
Kaul Prin
Paul O’prie#:
4" September 2072 34 King James Close, Fordham, Ely, CB7 5ZH
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