Chair's letter for AGM 2025
Dear fellow members,
This past year has been one of change and growth for Odiham District u3a. I am pleased to report that we have added many new groups throughout the 2024/25 academic year, which has attracted record numbers of new members. Perhaps more importantly we have maintained our sense of fun and enjoyment, helped by the creation of a new u3a wide events group.
In the past academic year, we have added groups ranging from Languages and Chess through to Flower Arranging and Physics, at the same time replicating some existing groups to accommodate our growing numbers. With over 150 weekly or monthly sessions, plus u3a wide activities we aim to provide enough variety to keep our more than 850 members busy.
Although we are called Odiham District we are pleased to welcome members from Hook and all the surrounding villages and towns, bringing fresh ideas and skills into our many and varied groups. We have had a net growth of over 100 members since our last AGM, joining a wide range of groups.
As a charity it is important that we balance our books, keeping enough in reserve to cover future di�iculties whilst ensuring we do not run a deficit. Therefore, this year we took a conscious decision to support the growth of new groups financially, recognising that costs can be higher until a group gets established. This has helped the Languages groups for example, to be the success we have today.
We have also increased our subsidy for u3a wide events, open to all, such as quiz nights and concerts. To manage this, we have created a dedicated events team run by Albert Boniface, our Treasurer.
It is always sad to see people leave, but this year the leadership team is saying goodbye to some hard-working members. I would like to thank Gill Harden our groups lead who has been supporting us for nearly 8 years, Chris Gotla our Treasurer, Jane Osgood on publicity and Mike Shaw our webmaster. They are all stepping down after years of great teamwork and will be greatly missed by all the members they have supported. They will of course remain part of our wider u3a family.
I am pleased to welcome Albert Boniface into the role of Treasurer and Julie Aldridge who has joined the team as our business manager. They will join Anne Murray, Sue Mitchell and Marion Sharp, all of whom work tirelessly to keep everything running smoothly.
As my predecessor said, the u3a is all about its members, and especially those who take on the leadership of groups. I would like to make a special thanks to those group leaders for their support and hard work in making our u3a such an enjoyable place to be.
Wishing you all an educational and fun year.
Ian Green , Chair, Odiham District u3a
Page 1 ODIHAM and DISTRICT U3A (Registered Charity 1147920) Statement of Financial Activities for the period ended 31st July 2025 Income and expenditure account Year ended 30th June 2024 2025 Income Membership Membership subscriptions Collected by groups Gift Aid receivable Miscellaneous income Total income 15,958 71,963 3.107 594 91,622 14,455 57,666 2,588 464 75,173 Expenditure Charitable expenditure Third Age Trust Capitation Cost of Groups, activities Cost of monthly meetings Cost of group coordination Cost to set up groups 3,220 75.011 1.825 1.923 430 82.409 2,877 58.521 2,042 1.722 440 65.602 Support costs Communication, stationery and postage Software. finan and other costs Equipment depreciation 2.472 2,735 3,510 645 6.627 89.036 3,219 624 6,578 72,180 Total expenditure Net surplus for the year £2.585 £2,993
Page 2 ODIHAM and DISTRICT U3A (Registered Charity Number 1147920) Balance Sheet at 31 July 2025 Year ended 30th June Notes 2025 2024 Fixed Assets Current Assets Prepayments Cash at Bank Cash in hand 4,057 21,301 5,380 30,738 21,393 2.603 23,996 Less.- Current Liabilities Third Age Trust Accruals Others 482 6,922 7,404 3,247 3,247 Net Assets £23,334 £20,749 Represented by: Funds at the beginning of the year 20,749 17.756 Net surplus for the year 2,585 2,993 Funds at the end of the year £23,334 £20.749 Approved by the Trustees 10 September 2025 lan Green - Chair Chris Gotla - Treasurer
ODIHAM and DISTRICT U3A (Registered Charity Number 1147920) NOTES ON THE ACCOUNTS FOR THE PERIOD ENDED 31st JULY 2025 1. ACCOUNTING POLICIES 1.1 Basis of Accounting The financial statements have been prepared under the historical cost convention and in accordance with applicable UK accounting standards, the Charities SORP (FRS102) and the Charities Act 2011. 1.2 Fixed Assets and Depreciation Fixed assets are fully depreciated in the year of purchase. 1.3 Going concern The accounts are prepared on a going concern basis. 1.4 Gift Aid Gift Aid receivable is included in the SOFA when there is a valid declaration from the donor. Any Gift Aid recovered on a donation is attributed to be part of gift. 2. MEMBERSHIP Membership subscriptions are due in August and there were no outstanding subscriptions at the end of the year. 3. FIXED ASSETS At cost At the beginning of the year Additions At the end of the year 4.265 645 4.910 Depreciation At the beginning of the year Charge for the year At the end of the year 4,265 645 4,910 Net book value at the end of the year
Page ODIHAM and DISTRICT U3A (Registered Charrty Number 1147920) NOTES ON THE ACCOUNTS FOR THE PERIOD ENDED 31st JULY 2025 (Continued) 4 CASH IN HAND This is made up of Treasurerfs Main Petty Cash together with balances held by most of the large individual groups. There are 3 groups, or activities. with their own bank accounts and their balances (totalling £3254) are included in Cash in Bank. A few small groups, with insignificant amounts involved. are not included. 5 CREDITORS Money held in all u3a Bank Accunts on behalf of Groups and their members. 6 TRUSTEES REMUNERATION AND EXPENSES No remuneration directly or indirectly was paid or payable for the year to any trustee or to any person or persons connected with any of them. No amounts have been paid to any of the trustees for expenses they may have had to meet personally in order to carry out their duties.
Inde endent ExaMIne Re to the Trusts88 of Odih Dlstrlct U3A mand Charity number 1147920 I report to the trustees on my examination of the aco)unts. set out in pages 1 to 4. of Odiham and DistriGt U3A for the perN)d ended 3181 July 2025. Responsibilities and basis of report As the charity's trustees, you are responsib for the preparation of the acUnts in accordance with requirements of Chanties 2011 ('the acy ). I report in respect of my examination of the accounts carried out under section 145 of the 2011 Ad and in carrying out my examination, I have followed all the applicable Diredions given by the Chanty commission utsjer section 145(5)(b) of the ACL Independent Examinor's Statwnont I have completed my examinab'on. l o)nfim) that no matersal matters have ¢ome to my attention in connection with the examination which gve caw to believe tha( in any material respect ." The accounting records were not kept in awdance with section 130 of the Charities Act or The a¢urrts do nol aCc(d Ihe accounling recx)rds." or The accounts do not compty with ts applicable requirements nrnIng the" form and content of accounts set out in the Chariiies (Accounts and Report) Regulations 2008 other than any requirerrEnt that the accounts give a 'tNe and fair view whth is not a matter C4Thde as part of an indeperKlent examination. I have no ncernS and have come across rKJ other matter5 in connection with examination to which attention should be drwwn in this report in order to enable a proper urmjerstanding of the attounts to te reached. Signed: Graham Deverill FCA Retired 7 Reynts"ens VEW Odiham RG29 1AF Date: 11