Barnet
BARNET UNIVERSITY OF THE THIRD AGE
Registered Charity No. 1129309
ANNUAL REPORT For the year ended 30 November 2024
Constitution
Barnet University of the Third Age was established by constitution recommended by the Third Age Trust and was formally adopted on 5th March 2009.
It was registered as a Charity on 24th April 2009.
Trustees during the year to 30th November 2024:
James Jenkins (Co-Chair) Averill Lovatt (Co-Chair) Johannah Fischer (Treasurer) (Appointed 24th April 2024) Paul Phillips (Membership) Johanne Carstairs (Groups) Trevor Orr (Secretary) John Bent Joanna Tambouridou Brian Lipman Kathryn Barber Sarah Beaumont Jenny Murley Hasan Mustafa (Appointed 24th July 2024) Rosemary Mayes (resigned 4th April 2024)
Bankers:
HSBC Plc
Independent Examiner
Mrs M P Dye, FCA
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BARNET UNIVERSITY OF THE THIRD AGE
Registered Charity No. 1129309
Annual Report (continued) For the year ended 30 November 2024
Objectives
To advance the education of the public and in particular those not in fulltime employment in Barnet and its surrounding locality. 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.
Finance
Annual subscriptions for the current year have been held at the same rate as last year and are at a level designed to cover our running costs. The financial statements that follow show a surplus on general funds of £7,663 (£5,616 in 2023) and £273 on members activities (£2,738 in 2023). Reserves are adequate to meet current requirements and anticipated cost increases.
Report for the year
Our membership numbered 1,788 at 30th November 2024. Our objective is to offer activities on a shared participation basis over an expanding broad spectrum of educational and recreational groups, including crafts, physical activities, discussion forums and social events. Our activities are constantly evolving in order to satisfy member demands. Our monthly meetings with guest speakers continue to attract substantial attendances.
Future
We will encourage all groups and hope to increase educational activities, such as workshops, as well as hosting social events. Membership is growing and it would be appreciated if more individuals could volunteer to give assistance in some way for the general benefit of our highly successful Barnet u3a.
Signed on behalf of the Trustees
James Jenkins Johannah Fischer Co Chair Treasurer 6th March 2025 6th March 2025
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BARNET UNIVERSITY OF THE THIRD AGE ON ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2024
I report on the accounts of the Charity for the year ended 30th November 2024 which are set out on pages 4 to 6.
Respective Responsibilities of Trustees and Examiner
The Charity's Trustees are responsible for the preparation of the accounts and report. The Charity's Trustees consider that an audit is not required for this year {under section 144(2) of the Charities Act 2011 (the 2011 Act)}, and that an independent examination is needed. The Charity is preparing accrued accounts and I am qualified to undertake the examination by being a qualified member of The Institute of Chartered Accountants in England and Wales.
It is my responsibility to:
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i Examine the accounts under section 145 of the Charities Act 2011.
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ii To follow the procedures laid down in general directions given by the Charities Commissioners under section 145(5)(b) of the 2011 Act.
iii To state whether particular matters have come to my attention
Basis of Independent Examiner's Statement
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, seeking explanation from the Trustees concerning any such matters. The procedures undertaken do not provide all evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair view". The report is limited to those matters set out in the statement below.
Independent Examiner's Statement
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1 I have completed my examination and confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that, in any material respect:
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i the accounting records were not kept in accordance with section 130 of the 2011 Act; or
ii the accounts did not accord with the accounting records; or
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iii the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reporting) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
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2 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.
Mrs M P Dye, FCA Independent Examiner
10 Salisbury Road Barnet Hertfordshire EN5 4JP
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Date: 6th March 2025
BARNET UNIVERSITY OF THE THIRD AGE
Income and Expenditure Account for the year ended 30 November 2024
| General Activity Fund Funds Total Income 33,323 33,323 Members' subscriptions 5,276 5,276 Gift Aid 382 382 Interest 205 205 Other income 62,697 62,697 Contributions from Member activities 39,186 62,697 101,883 Total Income Expenditure 6,480 6,480 Membership fees (to Third Age Trust) 2,077 2,077 Monthly meetings 3,060 3,060 Co-ordinators' expenses contributions 1,950 1,950 Other co-ordinators' and committee costs 1,044 1,044 Study days and Seminars 397 397 Video conferencing 5,228 5,228 National magazine 7,877 7,877 Newsletter 268 268 Printing, stationery and telephone 212 212 Postage 1,694 1,694 Other costs including PO Box and other Licences 88 88 Sundry equipment and IT costs 1,625 1,625 Membership system costs Note 2 571 571 Bank charges 157 157 Credit card fees 842 842 Depreciation of equipment Note 3 59,959 59,959 Expenditure on Member activities 33,570 59,959 93,529 Total Expenditure 5,616 2,738 8,354 Net Surplus (Deficit) for year 16,029 6,845 22,874 Funds brought forward (98) 98 0 Transfers between funds 21,547 9,681 31,228 Funds carried forward 2023 |
General Activity Fund Funds Total 33,835 33,835 5,400 5,400 648 648 0 0 76,631 76,631 2024 |
|---|---|
| 39,883 76,631 116,514 |
|
| 6,124 6,124 2,527 2,527 3,120 3,120 1,076 1,076 558 558 358 358 4,499 4,499 8,317 8,317 803 803 72 72 1,706 1,706 0 0 1,641 1,641 597 597 176 176 646 646 76,358 76,358 |
|
| 32,220 76,358 108,578 |
|
| 7,663 273 7,936 21,547 9,681 31,228 (3,698) 3,698 0 |
|
| 25,512 13,652 39,164 |
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BARNET UNIVERSITY OF THE THIRD AGE
Balance Sheet at 30 November 2024
| £ Fixed Assets Note 3 8,877 Cost 7,424 Less: accumulated depreciation 1,453 Current Assets 59,060 Bank Accounts 625 Deposits and Payments in advance 59,685 61,138 Less: Current Liabilities 20,932 Members subscriptions in advance 440 Expense creditors 8,538 Creditors re Members activities 29,910 31,228 NET ASSETS Funds 21,547 General Fund 9,681 Activity funds Note 4 31,228 TOTAL FUNDS 2023 |
9,342 8,070 72,955 635 22,006 631 13,061 2024 |
2024 | £ 1,272 73,590 |
|---|---|---|---|
| 74,862 35,698 |
|||
| 39,164 | |||
| 25,512 13,652 |
|||
| 39,164 |
James Jenkins Johannah Fischer Co Chair Treasurer Date: 6th March 2025 Date: 6th March 2025
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BARNET UNIVERSITY OF THE THIRD AGE Notes to the accounts for the year ended 30 November 2024
1 Policy on Funds
Surplus funds may arise in the course of normal activities and the committee believes these should be applied for the benefit of all current membership, subject to maintaining appropriate reserves.
2 Membership System
During 2019, Barnet U3A introduced the "Beacon" membership system. This is licensed and supported by the Third Age Trust. Previously the membership records were held on a Microsoft database, which was labour intensive and reliant on a small team of volunteers.
| 3 Tangible Fixed Assets 3 Part Notice Boards Projector and Stand Laptop Lenovo Laptop Dell Inspiron 15 Projector Epson EBLI 61 Screen and Case for Projector Projector Screen and Stand Acer Laptop and Equipment Video Camera and memory cards Croquet Equipment Sound Equipment Microphone Banner |
Opening Additions Total Accumulated Net Book Cost in 2024 Cost Depreciation Value 209 209 209 0 822 822 822 0 455 455 455 0 480 480 480 0 2,786 2,786 2,786 0 757 757 757 0 521 521 521 0 731 731 731 0 268 268 268 0 368 368 184 184 1,480 1,480 740 740 216 216 54 162 249 249 63 186 |
|---|---|
| 8,877 465 9,342 8,070 1,272 |
Notes:
Equipment costing less than £200 is not capitalised.
Substantial items in use, being depreciated on a straight line basis over four years, are shown above.
4 Activity Funds
These funds represent amounts available to cover anticipated expenditure on group activities. The intention is for each group to break even. Where expenditure is less than the income generated, surpluses may arise. Such surpluses are considered available for the general benefit of all our u3a members.
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