2022-03-31-accounts - The Maghull And Lydiate University Of The Third Age

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

NAMES OFTHETRUSTEESFORTHE CHARITY, IFANY {FOREXAMPLE —ANY CUSTODIAN TRUSTEES)	NAMES OFTHETRUSTEESFORTHE CHARITY, IFANY {FOREXAMPLE —ANY CUSTODIAN TRUSTEES)	NAMES OFTHETRUSTEESFORTHE CHARITY, IFANY {FOREXAMPLE —ANY CUSTODIAN TRUSTEES)	NAMES OFTHETRUSTEESFORTHE CHARITY, IFANY {FOREXAMPLE —ANY CUSTODIAN TRUSTEES)	NAMES OFTHETRUSTEESFORTHE CHARITY, IFANY {FOREXAMPLE —ANY CUSTODIAN TRUSTEES)	NAMES OFTHETRUSTEESFORTHE CHARITY, IFANY {FOREXAMPLE —ANY CUSTODIAN TRUSTEES)
NAME	DATES	ACTED IFNOT FOR	THE VfHOLE YEAR
NONE
NAMES AND ADDRESSES OFADVISORS {OPTIONAL INFORMATION)
TYPEOFADVISOR
NAME OF CHIEF EXEITIVEOR	NAMES OF SENIOR STAFF		MEMBERS (OPTIONAl INFORMATION)
~ ~	~	~ J
DESCRIPTION OF CHARITY'S TRUSTS
Type ofGoverning Document		Constitution adopted 19September 2006
(e.g.Trust Deed, Constitution)
How the Charity is constituted		Association consisting of530members			asat31.03.2022
(e.g.Trust, Association, Company
Trustee selection methods		Trustees are appointed to		afixed term	ofthree years ofoffice at	the
(e.g.appointed by, elected by)		Annual General Meeting.
ADDITIONAl GOVERNANCE ISSUES{OPTIONAL INFORMATION)
You may choose to include		The Maghull and	Lydiate	University	of the Third Age is part	of	the
additional information, where		national U3A movement,		and isthus affiliated to and supported		by	The
relevant, about:		Third Age Trust.
e policies and procedures adopted forthe induction and training of trustees;		All Trustees give their time voluntary other benefits.			and received no remuneration		or
~ the charity's organisational
structure and any wider network
with which the charity works;
~ relationship with any related
parties;
e trustees' consideration ofmajor
risks and the system and
procedures to manage them.

Summary of the objects of the charity set out in its governing document	The charitable purpose is to advance education, and in particular the education ofpeople not in full time gainful employment who are intheir Third Age (being the period oftime after the first childhood dependence and the second age of full time employment and/or parental
	responsibility) residing in Maghull and Lydiate and their surrounding
	locality.
Summary of the main activities undertaken forthe public benefit in relation to these objects (include within this section the statutory	The Association continues to strive to promote the value of lifelong learning. In particular, itseeks to achieve its objective by facilitating the operations of a number of self-help activity groups which meet to encourage and develop amongst their members, awide and varied range
declaration that trustees have had	ofboth knowledge and skills.
regard tothe guidance issued bythe Charity Commission on public benefit)	The Association believes that the stimulation that is provided through learning helps to foster the general wellbeing ofits members.
	ln supervising the management of the Trust and its activities, the trustees remain mindful of the guidance that is given by the Charity
	Commission with regard to public benefit.
ADDITIONAL DETAILS OF OBIECIIVES	AND ACAVITIES (OPTIONAL INFORMATION)
You may choose to include further statements, where relevant, about: ~ policy on grantmaking;	Key to the success ofthe work ofthe Association is the willingness of members to come forward and to lead and develop the individual activity groups. The Association is wholly dependent upon these volunteers ifit isto continue to achieve its purpose. Mindful ofthis, the
~ policy programme related	trustees remain indebted to group leaders forthe selflessness shown in
investment;	undertaking their roles.
~ contribution made by
volunteers.

~	~			~ ~ ~ ~ ~
Summary	ofthe main achievements			Continuing in its primary objective of promoting the value of lifelong
ofthe charity during the year				learning, the Association had 530members as at 31March 2022. The
				membership renewals for April 2020 —March 2021 was 959. It will
				always be a disappointment that some members may choose to
				relinquish their membership. We will also have lost some members
				through life changes.
				The AGM planned for4May 2021following the previous years cancelled
				AGM due to COVID was carried out via ZOOM with only 24 members
				attending.
				Our Treasurer resigned in December 2020 and we are actively trying to
				recruit to this role.
				We updated our Charitable Purposes to bring them in line with Third Age
				Trust/Charity Cornrnission recommendations. These amendments were
				approved atthe AGM on4May 2021
				Committee approved the use of Online meeting during the pandemic.
				The provision to use Online and Hybrid meetings was also incorporated
				into the Constitution atthe AGM in May 2021
				The Coffee Morning re-started in September 2021. A lot ofgroups had
				closed or paused following COYID. At present we have approximately 40
				groups operating. We hope to continue to re-open previously closed or
				paused groups in the future.
Brief statement		of the	chanty's	The Trustees believe that it is appropriate that ageneral reserve should
policy on	reserves			be maintained that isthe equivalent ofthe costsofmanaging the running
				ofthe Association for a period ofanything between 12months and two
				years. However, following guidance from The Third Age Trust, no U3A
				was to carry reserves ofmore than 6months' running costs. Our funds
				have now fallen tothe reserves set by The Third Age Trust and from the
				beginning ofthe next financial year 2022-23 our membership fees will change tof15per year.
				Our year end balance at31March 2022 isf32,587
				TheTrustees monitor continually the reserve funds ofall ofthe individual
				groups to ensure that no excess beyond their demonstrable need is
				being created, and that deficits do not arise.

D	~HA+Ty mitfiiifii~~ioN FOR ENGLAND AND WALES	~HA+Ty mitfiiifii~~ioN FOR ENGLAND AND WALES	~HA+Ty mitfiiifii~~ioN FOR ENGLAND AND WALES	~HA+Ty mitfiiifii~~ioN FOR ENGLAND AND WALES	~HA+Ty mitfiiifii~~ioN FOR ENGLAND AND WALES	~HA+Ty mitfiiifii~~ioN FOR ENGLAND AND WALES	~HA+Ty mitfiiifii~~ioN FOR ENGLAND AND WALES	Maghull &Lydiate Recei	Maghull &Lydiate Recei	University ofThe Third Age 1116576 ts and pa ments accounts	University ofThe Third Age 1116576 ts and pa ments accounts	University ofThe Third Age 1116576 ts and pa ments accounts	University ofThe Third Age 1116576 ts and pa ments accounts	CC16a
								For	the period from	1stA rii2021		To	31st March 2022
		'
~				-	-	~	.	e e.
								Unrestricted funds		Restricted funds	Endowment funds		Total funds	Last year
								to the	nearest f	to the nearest 6	to the	nearest 6	to the nearest 6	to the nearest 6
A1 Recei	ts
Membership	subscri			tions					9,354				9,354	3,981
Gift Aid receiots									520				520
Grou activities									28,269				28,269	1,191
Coffee mornings
Other
u	o			ross	fncome		or
							AR)		38,167				38,167
sse	an		tnves			en sa	es,
see table .
				Total receipts					, 6				38,167
A3 Pa	ents
Capitation Levy									2,920				2,920	3,357
Group activities									28,270				28,270	4,155
Grou su	rt								46
Room hire									636				636
Administration costs									2,053				2,053
National magazine														1,926
Other									200
						Sub total			34,125				34,125	10,026
A4 Asset	and		investment
						Sub total
				Total payments					34,125				34,125	10,026
Net ofreceiptsl(payments)									4,042				4,042	4,197
A5Transfers			between			funds
A6 Cash	funds			last year end
Cash funds this year							end		32,587				32,587