## **Newport U3A** ## **Treasurer’s Report 2022/3** This has again been an unusual year and it is difficult to make long term comparisons on the accounts. As circumstances are settling down, we are expecting a more stable situation in the coming year. Our biggest unexpected costs this year have arisen from us having to decamp from Shaftesbury Street Church to the Dolman Theatre. Last year we had thought a move was likely, and we had started investigating affordable alternatives. We were very fortunate to secure the Dolman Theatre at a rental that we could afford, and the move came in under budget. Expenditure on the move included installing AV equipment in the main rooms and fitting out the storeroom and kitchen areas to give us the facilities that we needed. Firstly, to explain the main changes in numbers from last year’s accounts: - following a significantly reduced membership fee last year, membership income reverted to its more usual value; - the gift-aid tax refund for this and the previous year were received during the year; - we were awarded grants by Newport City Council for purifying fans and by the People’s Postcode Lottery for trips, speakers and miscellaneous equipment. A large proportion of this has been spent and the details are shown in these lines; - income, and corresponding outgoings, from activities has picked up, with group trips and theatre visits seeing the biggest increases; - overall our income was £47k; - outgoings are correspondingly up at nearly £39k with major increases being in rent (though last year was for part of the year) and the one-off move costs; and - the café is proving successful and popular. We remain in a sound financial position, and one that stands us in good stead for the future. Our reserves will give us some protection against the currently high inflation rate, allow us to expand the scope of our activities, improve facilities and, most importantly, keep any rises in membership fee to a minimum. My term as Treasurer is limited to 5 years and next year will be my fifth year, so if anyone is interested in taking over as Treasurer from next year, I will be happy to explain what is involved in the role. If you have any questions on the accounts, I will be happy to answer them. Richard Baines Treasurer 21 June 2023 NEWPORT IS E WALES) U3A FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2023 2023 2022 RECEIPTS Maln Subscriptsws Grft Aid Posl¢od8 Lottery grani Newport City Cwncll 9ranl Kitchen Miscellaneous Oonotions Bank account interesl 14579.00 3353 35 8625.00 24￿.00 2526.24 71720 20.00 32.05 7266.50 40.90 1095.00 30.00 32252.84 8433 88 Group Dwr payments Trips Don*tions ￿1￿cellaneoUS 1073.60 3615.00 763.75 26.th) 105 335.00 5023.60 894.75 Th88tre group 9762.00 7174.46 TOTAL RECEIPTS 47038.44 16503.09 PAYMENTS Maln Rent Pholocopbryng Mefflbership fees U3A maga￿ne Kil¢hen Miscellaneou8 Poslcode Lottery grant expenditure Newport Cty CoullL¥I grant expenditure Equipment and siaih)n8ry Card reader fees Publicity and website U3A Trust Mova costs 1 lo￿.00 394.27 1544.00 773.79 325.00 1559.77 2195.44 2286 00 31.96 42.43 104.31 366.00 3258.44 5000.00 349 92 1239.00 345.34 2105.41 550.00 1.79 313.61 354.00 23681.41 10259.07 Group Speakers Mi5celL3neous Tnps 721.50 271.20 3088.90 455.00 307.24 483.00 4081.60 1245.24 Th&81rn Group 10363.50 66T7.00 TOTAL PAYMENTS 38226.51 2022 Maln net Group net Theatr• Group Cash funds broughtfonvard 8371.43 942.00 -601.50 33913.16 -1825.19 -350.49 497.46 35591.38 Cash ftmds CAi¥kdlon¥aid 42625.09 33913.16 STATEMENT OF ASSETS AS AT 31ST MARCH 2023 2022 Cash fvinds oyds Bank Treasurers Account Dedu¢t' outs￿￿￿1￿ ¢heques 25567.81 -740.00 15598.66 -21.00 24827.81 14708.68 155TI.66 14676.63 8ardays Bank 10 day Notice Nalwesi Bank The81￿ Group a¢wunl Deduct.. Outstandiw cheque5 3720.67 412.00 4999.37 -1396.50 2908.87 31.23 148.50 3602.87 Pety cash Theatre Group petty eAsh 56.00 42625.09 33913.16 above Is a Inj si8￿ment of tho aC￿ntS for pfjrlod 1st Apnl 2022 10 3151 March 2023 .R. eaintrs-Trea$urer INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF NEWPORT (S E WALES) U3A I report to the trustees on my examination of the accounts of Newport IS E Wales) U3A (the Charity} for the year ended 31" March 2023, which comprise the Receipts and Payments Account and Statement of Assets. Re5POIP5ibilities ond basis of report As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the CharitiesAct 2011 ('the Act'l. I report in respect of my examination of theTrustee'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{51{bl of the 2011 Act. Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 111 accounting records were not kept in respect of the Charity as required by section 130 of the Act; or 12) the accounts do not accord with those records. 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. Andrew R. Morgan BFP FCA 63 Western Avenue Newport NP20 3QZ 15° June 2023 NEWPORT IS E WALES) U3A FINANCIALSTATEMEpifs FOR THE Y&AR ENDED 31ST MARCH 2tra3 RECEIPTS AIID PAYMENTS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2023 2023 2022 RECEI Alaln Subschpti￿S GiftAKJ Poslcode Lotterygrant Ngwwrt ¢ty Coundl grant Kitchen Miswllaneous Dunaliffts aank account Intei8St 14579_ 3353.35 8625.00 2400.00 2526.24 717.20 20.iX) 7266.50 40.90 1095.00 30.00 1.48 32252.84 8433.88 Group Door pa￿nants Tdp8 Donations M15Cgllanqous 1073.60 3615.(KJ 763.75 26.00 105.00 335. 5023.60 894.75 Th6&trn grtiup 9T52.9 7174.46 TOTAL RECEIPTS 47038.44 16503.09 PAYMENTS Maln Rènt Phothcopyw)g Membershlp fee8 U3A Mag8Ine KilGhen Mlscellaneous Postcode Lotterygrant expenditure Newwrt Cty Coundl grant expprKlltur¢ Equiwentand stalK)nery C8rd reader fees PU￿1c￿8nd We￿te U3A Trust Movg QDsts 11WO. 394.27 1544.00 773.79 325. 1559.Tl 2195 44 2286.00 31.96 42.43 104.31 366.rh) 3258.44 50W.00 349.92 1239.00 345.34 2105.41 550.00 1.79 313.61 354.00 23881.41 10259.07 Group Speaktrs Miscellaneous Trips T21.9) 271.20 3088.9J 455.00 307.24 483.00 4081.60 1245.24 10363.50 86YT.00 TOTAL PAYMENTS 38326.51 18181.31 2023 2ts22 AIAlfrTr rt•t Groupn•t Theatre Group net aslj fvmds 8371.43 942.00 01.50 33g13.f6 -1825.19 -350.49 497.46 38591.38 Cash fu4ds c•nY•dfDnHrd 42625.09 32913.16 STATEMEKf OF ASSETS AS AT31ST MARCM 2023 2D23 2022 C•sh fimd$ Lloyds Bank Treasurers Arts)unl DeduGk Outstsryjing theques 25567.81 -740.fy) 15598h6 -21nO 24827.81 14708.88 15577.66 14676.83 Barda5ts Bank 10 day NotKe Acwunl Natwesi Bank Thealt& Group acLyJunt Dedu¢t" Outstanolng ¢heque$ 3720.87 -812.00 4999J7 -1396,50 2908.87 31.23 148.50 3802.87 Petty cash Thèatrè Group rw¢ash 56.00 42625.09 33913.16 Th8 abovo i8a Iru slatementof the Bccounts forths pertod 1GI April 2022 to312t Marth 2023 .R. 88irw-Tre89uror