2024 REPORT FROM THE TRUSTEES OF WARMINSTER U3A This report from the Trustees of the Warminster U3A (WarmU3A) complies with the requirements of the Charity Commission and the Third Age Trust and covers the period between January 2024 and December 2024. WarmU3A is a charity registered with the Charity Commission. In 2024 the Executive Committee (EC) had 8 members, all trustees. The EC is supported by a number of members in roles and teams covering specific areas. Philosophv of WarmU3A Our U3A is a learning cooperative, and depends on members contributing by participating in groups, open meetings and visits, and by joining supporting roles andlor teams. ExecutivA Committee The trustees at the end of the year 2024 were: Margaret Duggan (Maggie Dee) - Chair Antony Robson - Secretary Jo Elli) -Treasurer Anne Robson ~ Group Coordinator Janet Wallis - Membership Secretary Stewart Buckingham - Social secretary John 'Olhite - SpearKei Srcretar Jon Ellis - Publicity Officer During the year the Chair, Anne Robson, chose to step down and retum to being solely Group Coordinator. Maggie Dee was voted in as Cnair. During the summer, notice was given Dy four committee members (Treasurer, Business Secretary, Group Coordinator and Publicity Secretsry) of their intention to step down. Volunteers were sought from the membership but none were forthcoming. The Secretary proposed to commence wind up procedures and move to an EGM in the October. However, volunteers were found for the key posts of Treasurer and Secretary (the latter role to be divided into separate Committee and Business Secretary functions) less than a week before the scheduled EGM. A new PR Secretary (taking some of the responsibilities of the Publicity officer) also volunteered to stand for election along with the others in the next AGM in February 2025. The EGM was cancelled though the opportunity was taken to advise members of the fragile situation and the need to find replacement committee members. At that point the Speaker Secretary also gave notice of stepping down at the end of the year. Membership has hovered around 300 members and it was agreed that efforts must be made to encourage new members to join. Whilst Warminster u3a was saved, the situation remains precarious and we still do not have volunteers to fill the other vacant roles which have been covered by other committee members as a temporary measure. The annual accounts show a small decrease in the funds held at year end, when the General Fund stood at £10:633 (2023= £10,694). There are also continuing signs of the impact of inflation on our costs, especially printing & distribution which now includes the cost of membership cards. Our income from subscriptions fell by over £2,000 as a result of net reduction in membership numbers but income was supplemented by the claiming of Gift Aid covering a 2 year period. We have a policy of holding a reserve of £3,500. Our projections for the ao nOral. forthcoming year assume that IAie i•iill continue to be operating _ If the Branch were forced to close at a future point, residual funds would be transferred to other u3as or regional/national offices & cannot be retumed to members. A conservative budget on an 'ongoing' basis for next year indicates a slight decrease in funds at year end (31-12-2025) of around £1,000 (to ca £12,000), with a reserve of £3,500. Our estimated Gift Aid claim will be approximately £1000 lower. The trend of increasing costs is likely to continue in the short to medium term. Our reserves will support this for the time being but we will need to consider measures to increase our income andlor reduce our costs. Conclusion The Trustees continue to meet the aims and obJectÉves of the charity. However, there is an urgent need to recruit new members and to regenerate the management structure of the EC as mentioned above so that we can sustain the life-long learning and sheer pleasure we all. as members, gain from WarmU3A. Chair, War nster U3A
Warminster U3A
Registered Charity No: 1087984
Financial Statements for the year ended 31st December 2024
RECEIPTS & PAYMENTS ACCOUNT
| Receipts Subsciptions to U3A (membership) Charitable Activities Other Receipts Gift Aid Donations Total Receipts Payments Third Age Trust - capitation fees Charitable Activities Governance & administration Other Payments Total Payments Excess (Deficit) of Receipts over Payments STATEMENT OF ASSETS & LIABILITIES Cash Funds Bank Account (Lloyds) Reserve Memberships Petty Cash Tin Social & Funds held for groups Balance at Lloyds Bank 31/12/24 |
General Funds Group Activities Total 2024 Total 2023 £ £ £ £ 6,690 - 6,690 8,716 15,912 10,198 26,110 11,434 564 - 564 2,919 2,055 - 2,055 - 76 - 25,297 10,198 35,419 23,069 2,645 - 2,645 1,985 18,913 9,973 28,886 11,368 66 - 66 6,408 1,456 - 1,456 - 23,079 9,973 33,052 19,761 2,218 225 2,443 3,309 Unrestricted Funds Restricted Funds Total 2024 Total 2023 £ £ £ £ 6,140 6,140 10,694 3,500 3,500 - 83 83 910 - 910 - 10,549.40 83 10,632.63 10,694 |
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CHARITY COMMISSION Independent examinerfs report on the accounts •• ndent Examirnr's R•port WARMINSTER U 31 Dx 2024 1087984 (rf any) Im12 dwty Tru yew KIed 31112r2024 Acx") Lffxler se(kn 145 of tts 2011 Act crn my exarrY4t. I under secbon 14515)(b) of of the CharitS . sfi•d: (K•ry): &41
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