GUISBOROUGH UNIVERSITY OF THE THIRD AGE Registered charity number 1125829 FINANCIAL ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025 DRAYc0 & KIRK CHARTERED CERTIFIED ACCOUNTANTS Cleveland House 92 Westgate Guisborough Cleveland T514 6AP
OROU H UNIV Rsrry THIRD A PPOR GRO P INFORMATION ED 31 MARCH 25 DavKI Curd (Chairl VacthnLy (VI Chair) Pam Rayinenl ISecTrlary} Brian CoulslonlTreasurer) John Wardill (Membership Secretsry) Pauline Warrington {Actsvty Support) Moira Slokoe Edna Feathersto Rey7nond G(MJfrey 1 Prw Ro*J TS14 tJH Bankor5 0 Bank plc 85 Linthorpe Road MKIdSbf0h TS15BU Accountants Draycott & Jfjrk Cjeveland House 92 Weslgate Guisborough Cthknd TS14 6AP Page 1
GUISBOROUGH UNIVERSITY OF THE THIRD A TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST PAARCH 20 Names of Charity trustees who manage the charity David Curd (Chair) Vacancy (Vice Chair) Pam Rayment (Secretary} Brian CoulstonlTreasurerl John Wardill (Membership Secretary) Pauline Wamngton (Aciivity Support) Moira Stokoe Edna Featherstone Reymond Godfrey Strncture, govemance and managemènt Governing document: Constitution of the charity-. Trustee selection methods: Constitution Association within the Third Age Ttust. Eledion by membets at the AGM. Objecllves and activltles The objects of the U3A are:_ 'The advanment of education and. in patticular. the educatton of older people aiid those who are retired from full-time work by all means. including assooated adiviiies conductive to leaming and personal devekspmenL" Summary of the main actlvities undertaken for the public benefft in relation to these Objectives During the year over 40 speofic areas of interest in a range of educational. recreational and leisure activiti'es have been offered to members. The TnÈstees have had regard to CCICCNIS guidance on public benefft. Page 2a
GUISBOROUGH NIVER ITY OF THE THIRD A TRUSTE S ANNU REPORT FOR THE YEAR ENDED 31ST MARCH 2025 AchSevements and perfomiance This has been a steady year with similar financial results to the previous year and assets and reserves increasing. This is des[>ite a background of inlyeasing cAtsts and attempting to limrt any increases to members. In 2024r25 membershi[) vras 485 at year end. increasing from the previous year. and similar to pre- pandemic levels. {pre 2020). Volunteer Group Coordinators continue to provide a range of actrvities. An ExGursions Group continues to organise excursions )n a monthly basis. Carefvl management ol. the finances has ensured the sustainabilty of the Ch81ity for the coming year. ReseNes pollcy The trustees consider an amount in reseNe representing six months running costs is advisable and that an aimount is retained in for excursions to allow for the purchase of tickets in advance. Revlew of financial position at th& year end The Trustees consider tie financial position at the year end to be good and the prospects for the coming year are Jositive with normal income streams likety to exceed expenditure. The trustees declarn they have approved the trtees. report above. Signed on behalf of the chaiitys trustees Signature Full Name Position -r&ckSo(LL Dated Page2b
Independent Examinerfs Report to the Trustees of Guisborough Universlty of the Third Age I report on the accounts of the chartty for the year ended 31 March 2025 which are set i)Ut on pages 4 to 6 Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity'> Irvstees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 line 2011 Act} and that an independent examination is need. It is my responsibility to. examine the accounts under Section 145 of the 2011 ACL follow the procedure5 laid down in the general Difections given by the Charty 145{5}Ibl of the 2011 Act-, and ommission under section slate whether particular matters have come to my attention. Basis of independent examIneS report My examination was carried out in accordance with the general Directions given by thi: Charity Commission. An examination includes a review of the aOUntIng records kept by the charity and a Ci)mparison of the accounts presented with those records. 11 also includes consideraty.on of any unusual items or disdosures in the accounts, and seeking explanations from you as trustees Conrning any such matters. The protsdures undertaken do not provide all the evidence that would be required in an audit and consequently no opiniori is given as lo whether the accounts present a "tnje and fair vievK and the report is limited to those matters set oul in the statement below. Independent examiner's ststement In connection with my examination, no matter has come lo my attention= which gives me reasonable cause lo believe that, in any material respect, the requirements-. to keep accounting records in accordance with section 130 of the 2011 AX" and to prepare accounts which accord with the accounting records and o)mply wilh the accounting requirements of the 2011 Act have not been met", or lo which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts lo be reached. C N Mason Chartered Certified Accountsnt Dr2ycoII & Ki Clevelend House 92 Weslgate Guisborough Cleveland TS14 6AP Date IVl¥2r Page 3
GUISBOROUGH NIVER ITY OF THE THIRD AGE Recei and ents ccount for the ear end 31 MARCH 2 25 Note Unrestricted Restricted Funds Funds Totsl Funds Incornin Resources 21)23r24 Membership Excursions Groups Olher Gifl Aid Interest RerAved Total Incomin Resources 4.827 4,827 9,161 11.834 4.802 9.149 9,885 43 818 9,161 11.834 668 17,329 9.161 26,490 24,697 Ex ndTture Direct charitable expenditure National U3A Northumbria U3a Third Age Matters LiCenS & insurance Meetings Excursions Group Expenses H F Membership R¢)om Hire Community Room Hire stationery, Photocopying etc Independent examination Equipmenl Total Ex enditure 1,212 214 67 978 67 978 8.340 481 9.599 175 11)) 12.803 36 551 250 1,106 26,591 13, 13,506 149 407 230 149 407 230 16.914 25.254 Net Incomingloutgoing Resources 415 821 1.236 (1,894) Transfers between funds 135 (135) Total funds brought forward Total funds carried forward 10.796 2,572 13.368 15,262 11.346 3.258 14,604 13,368 Page 4
GUISBOROUGH UNIVERSITY OF THE THIRD AGE STATEMENT OF ASSETS AND LIABILITIES A AT 1ST MARCH 2025 year This year Tl¥s year Cash Funds Cash at bank Ca3h In hand 11,216 130 11.346 3.258 14,474 130 14.604 3,258 othor mon•tary assets GTft Aid 771 Inv¢¥tmont assots HF Mwnbership 11x1 A$8•ts r•taln•d for the CharW8 own ase Audio-visual Equipment 6 Laptop computers Card Games Equipmtt, Cars Table. MahiorwJ Sets etc. Llabililies Room Hire Monies takenin advan(x for exc#Jrsions Independent examination 250 Th0 Flnanclal Statsmgnts TA?r• approved ty th• TnMtws on D* iillLIL3 Futl name l.y.c Page 5
UIS80ROUGH NIVE ITY OF THE THI AGE 31st rch 20 countl Pollc The finantyal statements have been wepared UTvJer Ite historfcal cost convention. and aTe in accordance wth the Charsties act and Charttses AccounlirwJ Slalement ot Recommended Pracllce ISORPI. a. Al grants and voluntary irtcome are aL¥yxJnW for w when receivable. as lotwj as11 are capable of firwicial measuremenL b. All exwditure is accounted for gross ofVAT. and then inofftd. c. Reserves policy: The InleeS have cortsi(lered the Ve1 of reseeS needed in oriler lo maintain the ongoing activitEs of the chartty. The Irustees consklerthat an amount representing si¥ monlhs runniThJ costs is advisabk and that a fvrther amount is retaiwl regarding excursion5 to allow for the purchase ofti(ets in advance. d. EqLEipment is wyitten off in ar ofwchase. 2 MOM hl Induded in membership is £2.945 for sul"PtiOnS for 2025126 ffset by £2.830 colkcted in fiiiancial year 2023124. Note that from Jan 2024 the membership fee for those full MeMbS anoihef u3a. r(%luced from £7 10 £5, under a reciprocal agreement. 3 Excursl All income and experwjitwe for 2024125 was balanced ty year end, except fr £1.050 colkctetl forexumsions in April 2025 Page 6a
S80 UGH THE THIRD Notes to th nts for eare 1st March Transfer betJ¥een funds Opening lance Incoming Outgoing resources Closing balancE UnroStrict0d funds 10.7 17.329 135 16,914 11,346 Rectrithd funds Fund$ for activiti8s 2,572 2,572 9.161 9,161 135 135 8.340 (8.340 3,258 3,258 5 Analysls of funds by assgts Total Current assets Currert liabilities 11,346 250 11,096 3.258 1.050 2.208 14,604 1,3CKI 13.304 6 Transactions with trustegs ancl Connected During the year there was no trarisactions with conneded persons. 7 Committee indemn" Insurance The caprtation payment to The Third Age FOu10n incFudes Insuran LThr. Control The group is un¢Jerthe control of the committee.. Page 6b