Liphook u3a Annual General Meeting 08/04/2024
Treasurer’s Report for the year 01/02/23 to 31/01/2024
As usual, I’ll start with acknowledgements. Thanks to Colin Brash for maintaining the books; thanks also to the group leaders and/or treasurers who have contributed to the reconciliation processes. Once more, Peter Ritchie provided invaluable help with the year - end procedures. A special thanks must also go to Malcolm Traviss who has once again volunteered to be our independent assessor.
Bank balances
Bank balances total £13386.
Of this £9635 is funds belonging to the groups;
£4270 is held on behalf of the Theatre Group and Trips Out groups.
£5365 is held centrally on behalf the remaining groups.
Central funds amount to £3751.
Income
Central Income was £10480
£7378 from Membership fees
£1749 Monthly Meeting door takings
£922 Gift Aid
£431 from group closures.
Group income was £41327 (of which £25645 was from Theatre and Trips Out groups). Group income comes from subscriptions and from members’ payment for transport, entrance and tickets.
Expenditure
Total central expenditure was £11008.
£2849 to the Third Age trust (capitation, beacon fees and newsletter)
£2173 Monthly meeting hall hire and speaker fees.
£3247 expenses (Hall and storage hire, stationery, postage, equipment)
£2739 in Venue hire grants to groups.
Group expenditure was £43563 (venue hire, tickets, entrance fees, coach hire).
The budget for 2024-2025 shows a small loss, but with the positive bank balance it was possible to hold the membership fee at £14 p.a.
THE LIPHOOK U3A - MAIN ACCOUNT Receipts and Payments For the year ended 31 January, 2024
2023/2024
| RECEIPTS | ||
|---|---|---|
| Groups | ||
| General | £15,682.07 | |
| Designated (Social) | £25,645.40 | |
| £41,327.47 | ||
| Central | ||
| Bank Interest | £0.00 | |
| Gift Aid | £922.32 | |
| Meeting Fees | £1,749.00 | |
| Membership Fees | £7,378.33 | |
| Other Income | £431.17 | |
| £10,480.82 | ||
| Total | £51,808.29 | |
| PAYMENTS | ||
| Groups | ||
| General | £19,554.59 | |
| Designated (Social) | £24,008.23 | |
| £43,562.82 | ||
| Central | ||
| TAT(U3A News…) | £0.00 | |
| Capitation | £2,848.62 | |
| Equipment Grants | £0.00 | |
| Equipment Expenditure | £723.47 | |
| Guest Speakers | £1,035.19 | |
| Hall Hire | £1,137.66 | |
| U3A Expenses | £2,272.41 | |
| Newsletter | £0.00 | |
| Of, Post, Print | £250.96 | |
| Refreshments | £0.00 | |
| Miscellaneous | -£249.32 | |
| £8,018.99 | ||
| Total | £51,581.81 | |
| SURPLUS(DEFICIT) FOR YEAR | £226.48 | |
| THE LIPHOOK U3A - MAIN ACCOUNT |
Balance Sheet For the year ended 31 January, 2024
2023/2024
ASSETS
Fixed Assets
Current Assets
| Cash with Groups | E14:H34 |
|---|---|
| HSBC Current Account | £9,162.95 |
| HSBC No. 2 Account | £0.00 |
| HSBC Social Account | £4,225.75 |
| HSBC Deposit Account | £0.00 |
| to go through bank | £0.00 |
| Total assets | £15,575.24 |
REPRESENTED BY
General Fund
| nd | |
|---|---|
| Previous Year Closing Balance | £15,348.76 |
| Surplus(Reduction) on Year | £226.48 |
| Current Year Closing Balance | £15,575.24 |
2022/2023
£12,443.68 £17,877.10
£30,320.78
£0.03 £819.00 £1,715.50 £5,967.92 £0.00 £8,502.45 £38,823.23
£14,573.77 £20,849.80 £35,423.57
£1,228.62 £1,912.00 £0.00 £23.98 £686.00 £1,594.08 £733.60 £0.00 £577.26 £240.00 -£55.26 £6,940.28 £42,363.85 -£3,540.62
2022/2023
£3,286.53
£9,364.25 £0.00 £2,697.98 £0.00 £0.00
£15,348.76
£18,889.38
-£3,540.62
£15,348.76
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Liphook U3A On accounts for the year ended 31 January 2024 Charity no (if any) 1093854 Set out on pages I report to the trustees on my examinatlon of the accounts of the above charity {"the Trust.) for the year ended 3110112023. 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 requlrements of the Charities Act 2011 ("the Act.). I report in respect of my examlnation of the Trust'8 accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed th8 applicable Directions given by the Charity Cornmission under section 145(5)(b) of the Act. I have completed my examinatlon, I confirm that no material matters have come to my attention { ') in connectlon wlth the examination which gives me cause to believe that in, any material respect: accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no concerns and have come across no other matt8rs in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Pleas8 delete the words in the brackets if they do not apply. Signed: Date.. 14 August 2024 Name: Malcolm Traviss Relevant professlonal qualiflcation(s) or body (if any).. Chartered Accountant (ICAEW) Address: N8wtown House 38 Newtown Road Liphook Hants GU30 7DX IER October 2018
Section B Disclosure Only complete if the 8xarniner needs to highlight matters of concem (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Glve here brief details of any Items that the examiner wishes to disclose. IER October 2018