2025-06-30-accounts - Monmouth U3A

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From

Trustees' Annual Report for the period

Period start date Period end date 01 07 2024 30 06 2025 To

Section A Reference and administration details ~~ee~~ Charity name Monmouth u3a ~~PO~~ Other names charity is known by Not applicable ~~PO~~ Registered charity number (if any) 1090124 ~~PT~~ Charity's principal address 11, Lancaster Way, Osbaston, Monmouth Gwent Postcode NP25 3BE

Names of the charity trustees who manage the charity

~~ee~~	~~ee~~
Trustee name ~~ee~~ ~~a~~	Office (if any) ~~ee~~ ~~ee~~	Dates acted if not for entire year ~~ee~~	Name of person (or body) entitled to appoint trustee (ifany) ~~ee~~
Professor Averil MaryMacDonald ~~ee ~~ ~~a~~ ~~a~~	Chair. ~~ee~~ ~~ee~~ ~~ee~~	~~ee~~ ~~ee~~	Monmouth u3a AGM. ~~ee~~
Frank Andrew Birch ~~a~~ ~~a~~	Secretary. ~~ee~~ ~~ee~~	~~ee~~ ~~ee~~	Monmouth u3a AGM. ~~ee~~
Neil Andrew Hines ~~a~~	Treasurer. ~~ee~~	Trustee from 17/12/2024; Treasurer from 21/10/2025. ~~ee~~	Monmouth u3a Executive Committee; Monmouth u3a AGM.
Philip Chadwick ~~	~~ ~~es~~	Treasurer. ~~	~~ ~~
Joanna Mary Handley ~~a~~ ~~es~~ ~~ee~~	~~a~~ ~~ee~~ ~~es~~	~~a~~ ~~ee~~	Monmouth u3a AGM. ~~a~~ ~~ee~~
6 PhilipHewitt ~~es~~ ~~ee~~ ~~a~~	~~ee~~ ~~es~~ ~~ee ee~~	From 21/10/2025. ~~ee~~ ~~ee~~	Monmouth u3a AGM. ~~ee~~
Aidan Llewellyn Hodgson ~~es ~~ ~~ee~~ ~~a~~ ~~ee~~	~~ee ~~ ~~es~~ ~~ee ee~~ ~~e~~~~e~~	~~ee~~ ~~ee~~ ~~ee~~	Monmouth u3a AGM. ~~ee~~ ~~ee~~
Monica Christina Lofgren ~~ee~~ ~~a~~ ~~ee~~	~~es~~ ~~ee ee~~ ~~e~~~~e~~ ~~e~~	~~ee~~ ~~ee~~ ~~ee~~	Monmouth u3a AGM. ~~ee~~ ~~ee~~
Janet Louise McLagan ~~ee~~	~~e~~~~e~~ ~~e~~	From 10/09/2025 ~~ee~~ ~~ee~~	Monmouth u3a Executive Committee, Monmouth u3a AGM. ~~ee~~ ~~ee~~
10 David Milledge ~~ee~~ ~~ss~~	~~e~~~~e~~ ~~e~~ ~~ss~~	~~ee~~ ~~ee~~ ~~ss~~	Monmouth u3a AGM. ~~ee~~ ~~ee~~ ~~ss~~
11 Linda Wright ~~ss~~	~~ss~~	~~ss~~	Monmouth u3a AGM. ~~ss~~
12 Sheila Woodward ~~a~~		Until 21/10/2025.	Monmouth u3a AGM.
13 Sheila Rowland ~~a~~		Until 17/12/2024.	Monmouth u3a AGM.
14 Susan Cobourne ~~a~~	Treasurer.	Until 15/10/2024.	Monmouth u3a AGM.
	~~—~~	~~—~~
	~~—~~	~~—~~

March 2012

TAR

Names of the trustees for the charity, if any, (for example, any custodian trustees)

	Name	Dates acted if not for entire year
	None	N/A

Names and addresses of advisers (Optional information)

Type of adviser Name Address None N/A N/A

Name of chief executive or names of senior staff members (Optional information)

Not Applicable

Section B Structure, governance, and management

Description of the charity’s trusts

Constitution of Monmouth u3a originally adopted on 18[th] October 2022 Type of governing document with minor modifications on 15[th] October 2024. (Available at (eg. trust deed, constitution) monmouthu3a.com/administration/governance). Unincorporated Association. How the charity is constituted (eg. trust, association, company) Elected by members at AGM – all trustees are subject to re - election Trustee selection methods every year. Appointment by the Executive Committee. Co - option by the (eg. appointed by, elected by) Executive Committee.

(eg. trust, association, company)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

…..
policies and procedures adopted for the induction and training of trustees.
the charity’s organisational structure and any wider network with which the charity works.
relationship with any related parties.
trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

Objectives:

Summary of the objects of the charity set out in its governing document

The charity’s object (‘the object’) is the advancement of education, and in particular the education of older people and those retired from full time work, by all means including associated activities conducive to learning and personal development in Monmouth and the surrounding area.

March 2012

TAR

Activities undertaken for Public Benefit: Monmouth u3a focuses on people who are no longer in full time employment with opportunities covering:

Education/Training
Arts/Culture
Sport/Recreation
Social activity

Governance:

The committee provides governance and oversees the provision of events and activities for members including:

Monthly New Members’ Meetings,
Monthly Members’ Events,
Monday Coffee and Chat sessions, held weekly,
Thirsty Thursday Pub Club held monthly,
Summer Social Party,
Christmas Tea Party,
Over eighty special interest/activity groups.

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Activity Groups: In addition to the 80+ regular (monthly/weekly) Activity Groups, other groups offer ad hoc trips to the theatre, classical concerts, and various historical and artistic venues.

All groups are self-funding. Due to our healthy financial position, the cost for members joining this year remained at £12.00 per annum.

Details at Monmouth u3a

Communication with members to counter loneliness:

Members are kept informed via a weekly email and quarterly magazine as well as via the website noted above. The importance of communication is to counter social exclusion and loneliness which is particularly prevalent in older people.

Public Benefit:

Monmouth u3a is welcoming and inclusive to anybody within the criteria set out in our constitution. There are no qualifications needed and we endeavour to keep the membership fee as low as possible,

Statutory Declaration of Trustees

The trustees aim to ensure that all our charity does contributes to achieving the aims and purposes for which it was set up.

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

policy on grant making.
policy programme related investment.

Policy on Grant Making:

Monmouth u3a does not make grants.

Contribution made by Volunteers:

The trustees rely on our excellent group convenors and other volunteers for their contribution to the success of our u3a.

contribution made by volunteers.

March 2012

TAR

Section D Achievements and performance

Growth Summary of the main Monmouth u3a has grown significantly over the past two years from achievements of the charity fewer than five hundred members to over nine hundred as at 30/06/2025. during the year The number of activity/special interest groups has grown from forty to over eighty. Engaging New Members Our Marketing and Development Plan has led to a static advert in the local cinema and the publication of our Prospectus, of which three thousand copies were printed. This is not available on-line and is distributed via the various venues used by Monmouth u3a. Extending the Offer We have expanded our offer to include a range of trips abroad, including to Morocco, Romania and Italy with trips planned for Georgia and Macedonia. Our ‘Scratch Bands’ initiative has spawned five different bands. On the back of this our Chair has initiated ‘Monstock’ a free, pop-up music festival taking place across the town on one Saturday afternoon with five bands plus two other u3a music groups performing, in order to raise money for their chosen charities. Contribution to the Wider u3a Movement Monmouth u3a has been proactive in maintaining activity within the South Wales Network of u3as, via our Zoom meetings. The Chair continues to work within the national u3a network and is an active member of the Chair’s Forum where four hundred u3as discuss issues and share best practice. We continue as members of GAVO (Gwent Association of Voluntary Organisations) and became members of the Monmouthshire County Council (MCC) Volunteer Organisations group. We are an MCC stakeholder.

Section E Financial review

To keep £8,000.00 (Eight thousand pounds) in reserves. This equates to Brief statement of the twelve months of operational costs to meet any unforeseen expenditure charity’s policy on reserves that may occur. Also to have reserves to meet costs if the u3a was to cease to keep operating.

No funds are materially in deficit.

March 2012

TAR

Further financial review details (Optional information)

You may choose to include varasticted Punts: pict alles cael Membership fees during the year have accounted for 89% of the income. rane es Our major item of expenditure (35% during the year) has been payments
e the charity's principal _ to the Third Age Trust for annual membership fees and use of the sourcesoffunds (including | Beacon membership and financial management system. Expenditure on any fundraising). new members and members events was 30% of expenditure, whilst
e how expenditure has advertising and publicity expenditure to attract new members was 16% of supported the key objectives | ©xpenditure. of the charity. Designated; Funds:
e investment policy and objectives including any The main source of incoming funds is receipts from members to ethical investment policy participate in individual group activities and outing participant fees. Apart adopted. from the funding of new group taster session costs all groups are self — financing.

Expenditure on the individual group activities is predominantly on speakers, tutors, and venue hire. Outing expenditure is on coach hire and driver's tips and entrance fees and tickets relating to the events and shows attended.

Section F

Other optional information

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Section G Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf ofthe charity’s trustees |
Full name(s) | Professor Averil Mary MacDonald Frank Andrew Birch
a Position (eg Secretary, Chair, |Chair Secretary
etc)
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TAR

Monmouth u3a

Charity Reg. No. 1090124

Report and Financial Statements Year Ending 30[th] June 2025

Independent Examiners Report to the Trustees of Monmouth u3a.

Registered Charity Number: 1090124

I report to the trustees on my examination of the accounts of Monmouth U3A (‘the Trust’) for the

year ended 30th June 2025.

Responsibilities and basis of report

As the charity 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 Trust's accounts carried out under section 145 of the 2011 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 which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did 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.

Name: Stephen Pospisil

Date: 28th April 2026

Relevant professional qualification: Chartered Accountant

20 St James Street

Monmouth

NP25 3DL

Page 1

Monmouth u3a

Charity Reg. No. 1090124

Statement of Financial Activities for the year ended 30[th] June 2025

Unrestricted Funds £	Designated Funds Activity Groups £	Total Funds £	Prior Year Funds £
132		132	68
10,530		10,530	6,900
160		160	0
0	41,733	41,733	38,106
0		0	1,217
812		812	0
214	61	275	181
11,848	41,794	53,642	46,472

4,299		4,299	3,167
686		686	1,865
2,162	24,439	26,601	20,972
1,491	1,215	2,706	1,136
0	7,009	7,009	5,615
0	8,912	8,912	5,732
1,085		1,085	0
1,920		1,920	1,167
485		485	57
12,128	41,575	53,703	39,711

-280	219	-61	6,761

-280	219	-61	6,761

140	0	140	211

-140	219	79	6,972

10,819	13,172	23,991	17,019
10,679	13,391	24,070	23,991

Page 2

Monmouth u3a

Charity Reg. No. 1090124

Balance Sheet as at 30[th] June 2025

ance Sheet as at 30th June 2025
Fixed Assets Investments Total Fixed Assets Current Assets Debtors Investments Bank Total current Assets Creditors: amounts falling due within one year Net Current assets /(liabilities) Total net assets/(liabilities) Funds of the Charity Unrestricted Funds Designated Funds: Activity Groups Total Funds	Designated Funds Unrestricted Funds Activity Groups Total Funds £ £ £			Prior Year Funds £
	0	0	0	0
	0	0	0	0

	0	0	0	0

	0	0	0	1,217
	4,436	0	4,436	4,296
	6,243	13,391	19,634	18,478
	10,679	13,391	24,070	23,991

	0	0	0	0

	10,679	13,391	24,070	23,991

	10,679	13,391	24,070	23,991

	10,679	0	10,679	10,819
	0	13,391	13,391	13,172

	10,679	13,391	24,070	23,991

Page 3

Monmouth u3a

Notes to the accounts for the year ended 30[th] June 2025

1 Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: -

a) Basis of preparation

The financial statements have been prepared in accordance with the 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 (FRS 102) (issued in October 2019) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

b) Preparation of the accounts on a going concern basis

The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the Trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity’s ability to continue as a going concern.

c) Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the u3a’s members is not recognised in the financial statements. Further information regarding their contribution is included in the Trustees Annual Report.

On receipt, donated professional services and donated facilities are recognised on the basis on the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

d) Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the Trust’s work or for specific activities and projects being undertaken by the Trust.

2. Treatment of Income from Activity Groups

The income collected from the various activity groups while given with the intention of defraying the costs of that activity are not considered to be given with a specific restriction that the money received shall only be for the exclusive benefit of that group but for the benefit of the Charity’s general operations.

For this reason, they have not been treated as restricted funds but are treated by the charity as designated for the purpose of that activity.

3. Reserves Policy

The Trustees consider that a suitable level of reserves would be one year’s outgoings of the main committee other than activities which are variable of £6,000.00 plus a contingency of £2,000.00.

Page 4

Monmouth u3a

Notes to the accounts for the year ended 30[th] June 2025

Analysis of Charitable Activities - Designated Funds

• Activities by Group	Opening value Income Expenditure Transfers Closing value Activities Interest
Astronomy	169.00 409.00 -318.50 259.50 160.50 1,530.00 -1,416.75 273.75 18.00 0.00 -18.00 0.00 67.90 0.00 0.00 -67.90 0.00 0.00 3,310.00 -3,254.95 597.25 652.30 178.48 415.00 -331.00 262.48 262.64 635.00 -522.67 374.97 0.50 156.00 -150.00 6.50 69.50 0.00 -37.00 32.50 399.65 419.00 -402.12 416.53 88.80 761.00 -647.25 202.55 21.00 194.50 -215.50 0.00 12.50 396.75 -396.75 12.50 156.00 3,320.00 -3,090.76 385.24 0.00 0.00 -25.50 25.50 0.00 82.50 0.00 -45.00 -37.50 0.00 0.00 40.00 -40.00 0.00 0.00 1,135.00 -797.50 337.50 60.00 428.00 -360.00 128.00 944.26 4,345.00 -3,402.49 1,886.77 0.00 149.50 -135.00 14.50 869.70 782.50 -755.04 897.16 0.00 40.00 -48.00 -8.00 976.00 3,764.20 -4,102.00 638.20 8.00 873.00 -668.60 212.40 64.00 0.00 0.00 -64.00 0.00 0.00 933.00 -582.20 350.80 398.07 975.00 -1,056.30 316.77 256.00 226.50 -482.50 0.00 0.00 11.00 0.00 11.00 24.00 20.00 -68.00 24.00 0.00 0.00 553.00 -490.20 62.80 535.43 2,202.00 -2,422.50 314.93 843.40 2,132.00 -2,007.00 968.40 69.50 65.00 -17.00 117.50 575.32 1,512.50 -2,065.50 22.32 2,205.65 0.00 0.00 -2,205.65 0.00 1,997.25 0.00 0.00 -1,997.25 0.00 10.00 -10.00 0.00 0.00 0.00 1,830.00 -1,830.00 0.00 398.98 0.00 60.69 0.00 119.90 579.57 0.00 1,929.10 -1,745.70 1,400.00 1,583.40 0.00 4,461.15 -4,687.85 2,205.65 1,978.95 1,250.00 1,790.00 -2,940.00 100.00
Badminton
Border CountryBook Club
Bridge Players
Classical Concert Trips
Countrydancing
Creative fun with Fabric
Critical thinking
Drawingfor the Terrified.
FamilyHistory
Film Club
Gardens Group- u3a
Geology
German
GigGoers
Italian
Local Social
Philosophy
Photography
Pickleball
Pilates
Science & Technology
Spanish Intermediate
Strength 1 & 2
Table Tennis
Tai Chi
u3 Band
Ukulele
VisitingGardens
WalkingNetball
Welsh Beginners
Wine Appreciation
Yoga 1 - Wednesdays
Yoga 3 - Chair Based 1
Yoga 4 - Chair Based 2
Yoga 2 - Thursdays
ZX- Theatre Group
ZXX - Social Outings
ZXX -BellyDance
ZXX - Hendre
ZZ - New Groups Reserves
ZZ - Social Activities
ZZ - Theatre Trips
ZZ - Trips Abroad
	13,172.53 41,733.70 60.69 -41,575.13 0.00 13,391.79

Page 5

& CHARITY COMMISSION FOR ENGLAND AND WALES

- Independent examiner's report on the accounts

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Section A Independent Examiner’s Report
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Report to the trustees/ |Monmouth U3A
members of
On accounts for the year | 30" June 2025
ended
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Charity no | 1090124
(if any)
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| report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 30/06/2025

Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

i report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent | have completed my examination. | confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

e accounting records were not kept in accordance with section 130 of the Act or
e the accounts do not accord with the accounting records

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

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Signed: FE)
Slepl au. Foop
snae
Name: | Stephen Pospisil
Relevant professional | Chartered Accountant
qualification(s) or body
(if any):
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Date: | 28" April 2026
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Address: | 20 St James Street
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NP25 3DL

IER

October 2018

Section B

Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose.

IER

October 2018