Year ended 31 March 2024. BUSHEY AND DISTRICT U3A ANNUAL REPORT 2023-2024 Charity Commission Registration Number 1109042 Content l. Introduction and Trustees 2. Treasurerfs Report 3. BankAccount Summary 4. Study Groups Accounts 5. Assets and Liabilities 6. Independent Examiners Report Introductlon and Trustees The University of the Third Age (U3A) is recognised as one of the most successful countrywide self- help orgaiiisations offeriii8 educatioi)al arid social opportui)ities to the older generation. The Bushey and Distritt U3A has around 750 members who are paying an annual subscription of £20 for the year 2023-24. Bushey and District U3A is constituted as an unincorporated association and a copy of our Constitution is available to all our members on our website. Our objects are the advancement of education and, in particular, the education of older people and those who are no longer in full time employment by providing activities conducive to learning and personal development In Bushey, Hertfordshire and its surrounding locality. Our finances continue to remain in a healthy state. Our policy is to maintain reserves at an appropriate level in order to ensure the ability to replace equipment and fund other U3A requirements as required, without recourse to our members, The Committee has regard to the Charity Commission's Guidance on public benefit determining the attivities undertsken by the association. Our charitable objects have been set to ensure we benefit the public and in particular retired and semi-retired people. In determining the range of Study Groups we piovide, the Coniniittee has due regaid as to how a Study Group will improve the education and well-being of older member5. Drawing on the skills, knowledge and experiences of its members, Bushey & Distrirt U3A provides approximately 60 Study Groups covering a wide variety of interests including, language, music, art, computing, Science and educational visits/travel as well as other activities that focus on exercise and physical wellbeing. We have general Monthly Meetings when all members are welcome and can receive news items as well as listen to guest speakers on a variety of subjetts. We benefit from close liaison with other local U3As where ideas and problem solving are shared. We produce a monthly Newsletter which is e-mailed to all members. This gives the membership the opportunity to enrol for forthcoming educational visits and receive Study Group news. Our website is also regularly updated and gives details of forthcoming events and access to documents and other matters relating to 8ushey and Distritt U3A.
As ambassadors of continuing education, our aim is to encourage our U3A members to pursue a wide range of learning experiences at affordable costs thus ensuring that all the benefits are available to everyone. The Committee is elected in accordance with the Constitution by the membership at the AGM and it meets monthly throughout the year. The Committee may in addition appoint not more than two co-opted members until the next AGM. All Committee members are charity trustees. The Committee at 31 March 2024 Officers (also Trustees) Chairman Vice Chair Treasurer Study Group Co-ordinator Membership Secretary Business Secretary Andrew Gunton Ann Wright Mike Fisher Jeremy Gasson Marilyn Apple Susan Galan Commlttee members (also Trustees) Study Group TaSurer Gill Freed Speaker Secretary Raglan Sanders Mlnutes Secretary Stephanie Benjamin Audio Systems Manager Tony Baron Co-opted Commlttee members Events & Outings Group Equipment Manager Denise Rickwood Laurie Steel Andrew Gunton, Chair
- TREASURER'S REPORT The Accounts for the year ended 31st March 2024, presented in the following pages, have been independently examined by Peter Breward. A surplus of £764 for the year on the main account has left accumulated surpluses of £18,475. We currently have over 750 members. In March 2017, we introduced the payment of annual subscriptions by dirett debit. am delighted to report that the large majority of our members, including all of our new members, are now paying this way. This considerably reduces our administration. Gift Aid continues to provide additional income of just under £4 for each re8lStered member, so if you are a UK tsx payer and are not currently registered with our membership secretary, please speak to her at your convenience. However, please also note that if you cease to be a UK tax payer we need to be informed as we will then be unable to legally claim the tax benefit. Peter Breward has confirmed that he is happy to remain as our independent examiner for the comin8 financial year. Richard Lampert November 2024
Mar-24 Mar-23 INCOME MEMBERSHIP SUBSCRIPTIONS 2023-24 Gocardless Other 13,794 954 11,274 875 Subscription Refund Diary Sales Gift Aid Entrance Charge Monthly Meetings 87 73 2,070 1,472 1,632 TOTAL 16.818 13,781 EXPENDITURE Speakers, ExpenseslFees Room Hire Monthlylcommittee Meetings Catering Monthlylcommittee Meetings Other Meeting Expenses Computer Costs TAT Subscription Third Age Matters Diaries Sundry Expenses Membership cards Travel Expenses Subscription refund Payment service direct debits Printing Postage and Stationery 20th Anniversary tea 1,030 5,501 2,507 1,440 960 5,092 2,394 862 678 228 1,089 84 27 2.708 1,012 160 347 41 40 253 806 250 223 186 TOTAL 16,054 11,864 SURPLUSIDEFICIT INCOME OVER EXPENDITURE 764 1,917 CNSH FUNDS PRIOR YEAR 17,711 15,739 TRANSFER FROM SIUDY (JROUPS ACCOUNT 55 CASH FUNDS AT YEAR END 18,475 17,711
Mar-24 Mar-23 CASH FUNDS CurrentAccount 18,475 17,712 OTHER ASSETS Computers and OtherAssets 750 750 STUDY GROUP CurientAccount 5,886 3,677 TOTAL ASSETS 25,111 22,139 AndrewGunton RIChard Larnpert Chalrman Treasu rer
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