2024-03-31-accounts - Southwell And District, Nottinghamshire U3A

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CHARITY COMMISSION FOR ENGLAND AND WALES

Trustees’ Annual Report for the period From 1 April 2023 To 31 March 2024 Charity name: Southwell u3a Charity registration number: 11323337

Objectives and Activities	Objectives and Activities
fs rte Summary ofthe purposes of	Pare 1.17 Theadvancementofeducation and in the charityas setout in its particular, the education ofolderpeopleand governing document thosewho are retired from full time work,
			including activities conducive to learning and
			personal development.
Summary ofthe main activities in relation to those	ps	1.17and	1. Membersformgroups to explore, studyand undertake various topics, activities,
purposes forthe public benefit, in particular, the activities, projects or ak identified inthe PEROT,			experiences andacademic subjects. These groups are led bythemembersforthe members. The underlyingparadigm isfirmly in theself-help area. Peoplestudyand learnfor theirown benefit. Most groups meetona
			monthly basis, butsome meet more
			frequently.
			2.The u3a organisesa series ofevents that all
			members can subscribe to. A regular meeting
			once a month, with a speaker and ad hoc visits
			(about 6 each year) give members a chance to
			explore topics and subjects that they are not
			regularly engaged with.
			3. Workshops focussing on specific topics are
			organised bythe u3a, specifically to assist
			members with issues pertinent to the third age
			e.g., First Aid, staying safe online and saving
			energy.
			All trustees will have read the statutory
			guidance and the Treasurer, in particular,
			regularly refersto this at trustee meetings.
Statement confirming	Para 1.18		All charity trustees have regard to the
whether the trustees have			commission’s public benefit guidance
had regard to the guidance
issued by the Charity
Commission on public
benefit

Additional information (optional)	Additional information (optional)
You may choose to include further statements where relevant about: fC SSC*SOPreferenceTO
	Para 1.38
. : Policy on grant making
	Para 1.38
: - oy Policy on social investment
including program	related
investment
	Para 1.38
—" Contribution made	by
volunteers
Coa	Gl

Achievements and Performance

Sd	Sd	The membership ofSouthwell u3a is around
		840 as at March 2024.
Summary ofthe main hievements ofthe charity ac fvi : ’ eltyingmecaninethe cnarity S$Wor aaa to the circumstances of its Beene . beneficiaries andanywider benefits tosocietyasa whole.	Para 1.20 ,	Wenow have over70 active groups, covering a iviti ‘ies
		Southwell u3a has also increased the learning
		opportunities by organisingworkshops that
		focus on issues common to people in their
		third age. These have included using smart
		phones, first aid, plumbing and energy saving.
		As our members are in their third age it would
		not be presumptuous to declare thatthe trust
		is having a beneficial effecttothe health ofour
		community. There is plenty of research that
		demonstrates that healthy minds lead more
		often than not to healthy bodies. In addition,
		some ofour groups major on healthy exercise
		andactivity.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against	Para 1.41
objectives set

Performance offundraising activities against objectives		Pa" 1-41
set
Investment performance	Para 1.41
against objectives
el

Financial Review

Review ofthe charity’s financial position atthe end ofthe period	Para 1.21	Thechangestothemembership renewal date to 1° March helped us finish the yearwith a healthy bank balance ready to startthe
		2024/25 fiscal year. The 1* April is nowthe
		peak ofourincome with our subscriptions
		collected for the forthcoming year. This means
		thatwe can start the new year with financial
		confidence.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The charity has established a reserves policy, which setsoutwhy reserves are needed, and the target level ofreserves. The charity needs
		to hold reserves for the following reasons:
		1. To cover for periods in the financial year
		should outgoings exceed income
		2. To cover for risks such as a supplier failure,
		excesses in the event of an insurance claims,
		replacement of capital items, overthe amount
		setout in the annual budget etc
		3. To set aside funds for future growth and
		development.
		The policy aims to keep a minimum level of
		reserves adequate to cover 1-3 above, but not
		to exceed the equivalent of6 months total
		annual expenditure.
		The charity holdsthree accountswitha total
		surplus atthe end ofthe financial year of
		£6,285 (£5,085 unrestricted funds and £1,200
		restricted funds)
	Pace Wee	£13,991
reservesFl a deficit Explanation of any Para 1.23 uncertainties about the[a concern

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal source of funds is membership subscriptions supplemented by The charity's principal HMRC Gift Aid. This supports the delivery of sources of funds (including ioicaiiaiad those activities which are set out above, by any fundraising) funding speakers and events, newsletters, affiliation fees to our parent body (Third Age Trust) and capital equipment etc.

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Investment policy and Fara |
|
objectives including any
social investment policy
adopted
1. Increased costs
2. Reduction in membership
A description of the principal | Para 1.46
risks facing the charity
In 2024/25 we have several capital items of
Other equipment that need replacing due to age.
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Structure, Governance and Management

Description of charity’s
trusts:
Type ofgoverning document	Para 1.25 Constitution ftascecryastaty	How is the charity Para 1.25 Trustees incorporated as a body constituted?
(@.g unincorporated
association, CIO)
Trustee selection methods	Para 1.25	Election atAGM
including details ofany
constitutional provisions e.g.
election to post orname of
any person or body entitled
to appoint one or more
trustees
Additional information (optional) You may choose to include further statements where relevant about:
Policies and procedures
adopted for the induction	Para 1.51
and training oftrustees
The charity’s organisational
structure and any wider	Pare 1:91
network with which the
charity works
Relationship with any related	Para 1.51
parties
m~ hE
Reference and Administrative details
	Charityname ss[Southwellu3aC—~—“~—“—sSSSss~“‘“‘—s~Sss~S~S~S
Registered charitynumber [11323337 SC™~=<“—~“ss~‘“‘“s~S~~~~~™S™S~S~*S Charity’s principal address Room 27
	The Minster Centre
	Church Street
	SOUTHWELL
	Nottinghamshire
	NG25 OHD
TO _]

Names of the charity trustees who manage the charity

Humphries | a PY ee 17ee ee 18ee a ee 19pe 20a ce Tene

Corporate trustees — names of the directors at the date the report was ap proved econ EE ee seport approved SS ee e e ee lege s o p h Se eee Name of trustees holding title to Property belonging to the charity ruse. nans Ti shat aya —— oo ———— ee Sa eee eee ee Sees een oo ae SEaseeseeees mrceeeee

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser ————— Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

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Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Full name(s)| Brian Platts Nadina Lincoln Position (eg Secretary, |Chair 2023-2024 Chair, etc) Date ne

CHARITY COMMISSION FOR ENGLANO ANO WALES sou1hl1 & Dlstrlct u3a 1132337 Recei ts and ments accounts To CC16a For the period 01104r2023 3110312024 Section A Receipts and payments Unrestricted funds Restricted funds Endowment funds Totsl funds Last yoar to tho n8ar08t £ tt4 th• n•ar8St£ toth• nrest£ to th• no•Mt£ to the near8¥t£ A1 Recei M8mbership Subscriptths Visitors donations Sae of dries Hit8 doffice Grft AKI Tax R8ttsm Dev8&¥rnent FurKI miscelne0UB Incorne t groups- 18 16,394 104 185 104 185 107 193 339 307 307 rom group 1bh84 1814 memt Scoal. trips, events & wsits 17.054 17.054 16N03 16.403 ross income or AR) 19.r12 63,229 s78 set an $8e table . nves sa 329 76 men Hio rf venue for rnonthty maetings Office Co&t8 Affth"ation Fee$ Beacon F888 OiaTie$ Pur¢ha8ed U3a Joumal rkniir Speakern Equipment Icapftdl Equipment (other) Groups Support New Members meeti Workshops AdminiStra0Th Refreshmenls monthly meetings Websrte L9¢?$ Group Development Sumvp Faes Miscelanèou8 Expendrtu¥* Intere51 Groups Payments Swal- Trips, Events & Visits 1,663 1.191 2.173 3,020 783 176 1147 3,020 783 176 1,847 743 184 1M83 882 851 96 242 126 1,133 248 522 1.175 405 129 1,176 406 129 3B4 129 138 26 1.032 138 25 1,032 16A83 16.874 17 719 14.581 19,360 47J99 16A83 16174 32,257 Sub total 14.888 A4 Assgt and Investmont Sub total 14, 32367 46 47.399 Net of receiptsi(payments) AS Transfer5 between funds A6 Cash funds last year end Cash funds this year end 5.085 6.286 10N78 5.08 12 6.285 10.47 CCXX R1 acts)unts ISS) 3010712024

Section B Statement of assets and liabilities at the end of the period Unrestricted funds Restricted funds to no8r•8t£ Endowment funds to noar•8t£ Categorles Details to n•arest£ B1 Cash funds Ca8h at Bank 28.582 7.024 Cash in Hand 26 Total cash funds 2B.606 7.466 ac(J)Jnt{811 Unrestricted funds to £ Restri¢t9d funds to n•aro$t E Endowmgnt funds Details Comwt8rsl Prlrttirs I Photocowers Prqectors. visuali5ers to noare5t£ B2 Other monetary assets Unr•stsictod Scrrèn8 TatAe$ 8 Cha'rs Unrestrfctod Audw) Equiwnent Unrn8trktod PA SyBtem8 Unro#lrkt•d Staging Unrostrfctqd Fi1Sng CupboardB Unrostrlctsd Water Bdkw8 Unr•slrf¢t•d Fund to whkh as8Ot bolon Details Co•t loplonall vlu• tk>n• B3 Inveslment as80ts Fund to whkb a•••t b•lon D•ta118 Colt loplonall Currnnivly• B4 Assets rntalned for the charfty's own u80 Fund to whlch Amount dua Det.3ils When duo 85 Liabilitles Signed by one or fvKJ trustees on behalf of all thè knstee8 snatUre Print Name Date of roval Jrt Al rr£ CCXX R2 accounts ISS} 3010712024