2024-03-31-accounts

Trustees’ Annual Report for the period

From 01.04.23 Period start date To 31.03.24 Period end date

Charity name: Wellingborough & District U3A

Charity registration number: 1146852

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	For the advancement of education and, in particular, in older people and those who are retired from full time work by all means, including associated activities conclusive to learning, development and wellbeing.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	The main purpose centres around self help groups of all types, organised and managed by a Group Leader. In addition, Monthly Meetings are organised for members which include a Speaker and Raffle when possible and notices announced of national and local activities. During the continuation of the Coronavirus pandemic, meetings were conducted by Zoom until face to face meetings could be re-commenced. Monthly newsletters prepared and emailed or posted to every member.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The Trustees are aware of and have had regard to the commission’s public benefit guidance when making decisions. They are aware that the charity’s purpose is to benefit their members in general and not give rise to more than incidental personal benefit.

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

	SORP reference
	Para 1.38
Policy on grant making
	Para 1.38
Policy on social investment
including program related
investment

Contribution made by volunteers	Para 1.38	All members are volunteers. These contributions include taking on the Officer Roles and Members of the Committee, and Group Leaders managing and running individual groups. All members are eligible to be involved in running the monthly meetings.
Other		Bank reserves are in line with the Charity Commission’s recommendations; namely to hold 6 months operational costs to meet any unforeseen expenditure. Our reserves are free and unrestricted and shown as Savings on the Receipts and Savings Account.

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	Our membership is open to all who meet our entry requirements – namely, by not being in full time work. The main aim of our charity is to provide an environment for our members where they can further their wellbeing. We encourage our members to create groups of any description, perhaps by using their own knowledge and expertise, and to offer places to the membership. Our aim is also to provide a sociable and welcoming atmosphere at our monthly meetings, groups and events. By offering the above we believe our members obtain long term benefit by belonging to and participating in our organisation.

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

Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance	Para 1.41

against objectives Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	The Charity’s financial position at the end of the period shows a credit balance totalling £16284
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	Our reserves are unrestricted funds. They are held to meet any unforeseen expenditure which may occur as a result of a decrease in income, increase in costs or unexpected capital expenditure.
Amount of reserves held	Para 1.22	£5191
Reasons for holding zero reserves	Para 1.22
Details of fund materially in deficit	Para 1.24
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47	The main source is the membership fee of £15 per annum. Net proceeds from a monthly raffle held at the monthly meetings. Annual Interest from the Savings Account. Groups are self financing and used for the running of the group – this income is restricted.
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Unincorporated Members Association
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees are elected at the Annual General Meeting

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51	All Trustees are required to read and sign a copy of the Trustee’s Code of Conduct annually. In addition, all new Trustees are sent a link to the National U3A’s Induction video presentation.
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charity name	Wellingborough & District U3A
Other name the charity uses	None
Registered charity number	1146852
Charity’s principal address	89 Alexandra Road Wellingborough Northamptonshire NN8 1 EG

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
	Sally Doreen Muldowney	Chair
	Helen Jane Grant	Minute Secretary	01.04.23 – 06.12.23
	Margaret Addie	Minute Secretary	06.12.23 – 31.03.24
	Helen Veronica Hinsley	Treasurer
	Robert Eric Watts	Membership Secretary	01.04.23 – 06.12.23
	Marion Green	Membership Secretary	06.12.23 – 31.03.24
	Carolyn Caplan	Groups Co-ordinator	01.04.23 – 06.12.23
	Sandra Kemp	Groups Co-ordinator	06.12.23 – 31.03.24
	John Garside	Website Co- ordinator
	Patricia Heed	Social Secretary
	David Ballard		06.12.23 – 31.03.24
	Julia Plusquellec		06.12.23 – 31.03.24

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

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

Declarations

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

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Sally Doreen Muldowney

Position (eg Secretary, Chair Chair, etc)

Date

COMBINED BALANCE SHEET RELATING TO YEAR ENDED 31.03.2024

	TOTAL CREDIT	TOTAL DEBIT	BALANCE
ADMIN ACCOUNT
Balance as at 01.04.23			11571.66
ADD Receipts	9355.09		20926.75
LESS Expenditure		10891.83	10034.92
GROUPS ACCOUNT
Balance as at 01.04.23			6038.54
ADD Receipts	18164.48		24203.02
LESS Expenditure		17953.98	6249.04
SHAWBROOK SAVINGS
Balance as at 01.04.23			5155.23
ADD Interest	36.09		5191.32

1

Inde￿ndent Exarninofs Report to the T￿￿te0S of Wélllngborough and D15tr1ct Unlv•rslty of th• Thinl Age I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2024 which are set out on pages 1 and 2. Rosponsiblltties and basls of roport As the charity's trustees you are responsible for the preparation of the accounts in accordance wth the requirements of the Charities Act 2011 ('the Act.). I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examgnation I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independont ￿arnIne￿8 ststsment I have completed my examination. I confirm that no material matters have come to my atten￿n in connection the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 130 of the Act; or the xcounts do not accord those records I have no concems and have come across no other matters in connectlon with the examination to whlch attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. David Kelland Independent Examiner Meadows & Co Limited Headlands House 1 Kwigs Court Kettering Parkway Kettering Northants NN15 6WJ 22 October 2024