## **GRANTHAM U3A** 

## **Charity No 1097587** 

**The Old Parsonage, The Drift, Syston, Grantham, Lincolnshire NG32 2BY** 

## **TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024** 

|**Trustees**||Resigned|Appointed|
|---|---|---|---|
|Steve Potts|Chairman / SLNG Representative (to 21.02.24)|21.02.24||
|John Foulkes-Jones|Chairman (from 21.02.24)|||
|Linda Daniel|Vice-Chairman (from 21.02.24)|||
|Nelson Porter|Secretary|||
|Tony Hine|Treasurer|||
|Andrew Weston|Beacon Administrator|||
|Janet Hine|Groups Co-Ordinator and Pastoral Care|||
|Angela Rose|Membership Secretary|||
|Fiona Robbins|Minutes Secretary|||
|Carole Troops|Website and Facebook Editor|||
|Jenny Lewis|||21.02.24|
|Angela Summers|||21.02.24|
|Maggie Ambrose (co-opted)|Monthly Meeting Manager||08.03.24|



## **Governing Document** 

The Charity is governed by a constitution adopted on 25 March 2003, as amended on 18 March 2014, 27 October 2017,  17 March 2020 and 21 February 2023. 

## **Governance and Management** 

The Charity is administered by the Trustees who serve as a committee, elected on an annual basis in general meeting. 

## **Objectives** 

The Charity's objectives are to advance the education of the public, and in particular the education of middle aged and older people who are not in full time gainful employment in Grantham and its surrounding locality, by the provision of facilities for leisure time and  recreational activities with the object of improving the conditions of life for the above persons in the interests of their social welfare. The Trustees have had regard to the guidance issued by the Charity Commission on public benefit. 

## **Activities and Achievements** 

The Trustees are pleased to report a further increase in membership and in group activities during the year.. A variety of speakers has entertained members at the Guildhall monthly talks and the coffee mornings at St Wulfram's have been well supported. Enjoyable social events for all members were held in the Summer and at Christmas. 

## **Financial Review** 

There was a deficit of £2,641 on general expenditure. The Trustees have continued their policy of reducing  reserves to a level covering approximately six months' outgoings by budgeting for a further deficit in 2025. The subscription for the year has therefore been retained at £10. All  income and expenditure of groups has been included in the accounts in accordance with advice from the Third Age Trust. 

## **Declaration** 

The Trustees declare that they have approved the Trustees' Report above. Signed on behalf of the Charity's Trustees 

Tony Hine Treasurer 15.01.25 



## **GRANTHAM U3A** 

## **STATEMENT OF FINANCIAL ACTIVITIES** 

## **INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024** 

|||**Unrestricted**|**Funds**|||
|---|---|---|---|---|---|
||**2024**||||**2023**|
|**Incoming Resources**|**Main U3A**|**Groups**|**Total**||**Total**|
|**Incoming Resources from charitable activities**||||||
|Subscriptions|6,073|18,297|24,370||20,834|
|Gift Aid|958|0||958|913|
|Interest|122|0||122|73|
|Miscellaneous|0|570||570|133|
|Social|0|0||0|0|
||**7,153**|**18,867**|**26,020**||**21,953**|
|**Resources Expended**||||||
|**Charitable Activities**||||||
|T.A.T. Capitation Fee|2,264|0|2,264||2,132|
|National Newsletter|847|0||847|1,117|
|Speakers|1,018|512|1,530||1,547|
|Hall and Room Hire|1,340|11,318|12,658||9,666|
|Trips|0|1,194|1,194||881|
|Meals and Refreshments|0|1,213|1,213||392|
|Instructors|0|2,616|2,616||3,260|
|Travel Expenses|0|310||310|0|
|Newsletter Printing|283|0||283|381|
|Printing and Stationery|0|293||293|258|
|Postage|0|0||0|30|
|Stationery|34|0||34|14|
|AGM costs|187|0||187|140|
|Advertising|0|0||0|0|
|Copyright Licence|67|0||67|64|
|Social Events|1,553|0|1,553||207|
|Regional/County Expenses|4|0||4|4|
|Officer Expenses|0|0||0|0|
|National Conference Delegates|0|0||0|0|
|Group Leaders' Meetings|0|0||0|0|
|Groups' Start Up and Assistance|367|0||367|140|
|Get Well and Sympathy Cards|10|0||10|30|
|Storage Rental|600|0||600|600|
|Gifts and Prizes|20|0||20|235|
|Miscellaneous Expenses|71|323||394|358|
|Paypal and Card Reader Charges|168|1||169|122|
|Bank Charges|76|0||76|118|
|Beacon System|566|0||566|532|
|Assets|319|0||319|223|
|**Total Payments**|**9,794**|**17,780**|**27,574**||**22,451**|
|**Net Income (Expenditure)**|**(2641)**|**1087**|**(1554)**||**(498)**|
|**Funds brought forward**|**9,175**|**6,582**|**15,757**||**16,255**|
|**Transfer closed group balan**|**1,972**|**-1,972**||**0**|**0**|
|**Funds carried forward**|**£8,506**|**£5,697**|**£14,203**||**£15,757**|





## **GRANTHAM U3A** 

## **BALANCE SHEET AS AT 31 DECEMBER 2024** 

|**BALANCE SHEET AS AT 31 DECEMBER 2024**|||
|---|---|---|
|**Current Assets**<br>Bank Accounts<br>Cash<br>Debtors. Gift Aid<br>**Current Liabilities**<br>Subscriptions in Advance<br>Accruals<br>**Net Assets**<br>**Funds**<br>Unrestricted Funds<br>Signed on behalf of the Trustees|**2024**<br>14,182<br>1,072<br>2,711<br>**17,965**<br>3,612<br>150<br>**3,762**<br>**£14,203**<br>**£14,203**|**2023**<br>14,045<br>968<br>1,753<br>**16,766**<br>1,009<br>0<br>**1,009**<br>**£15,757**|
|||**£16,255**|
||||



A. Hine FCA 15.01.25 

## **Report on the Statement of Financial Activities** 

I have examined the above Statement of Financial Activities of Grantham U3A for the year ended 31 December 2024, in conjunction with the records and supporting documents, and certify them to be in accordance with these. 

R. A. Claxton 10.02.25