## **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
Page 1
**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:
- i Examine the accounts under section 145 of the Charities Act 2011.
- 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**
- 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:
- 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
- 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.
- 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
Page 3
**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
Page 5
**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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