cHrry REGISTRATION NUMBEFL. 1149472 Shepway and District U3A Unaudited Financial Statements 31 March 2024 Chartered Certified Accountants 134 High Street Hythe K8nt CT215LB
Shepway and Distrlct U3A Financlal Statements Year ended 31 March 2024 Page Trustees, annual report Independent exarninerfs report to the trustees statement of financial activities Statement of finandal position Notes to the financial ststements
Shepway and District U3A Trustees. Annual Report Year ended 31 March 2024 Th8 trustees present thelr rep)rt and the unaudited financial statsments of thè charty for the year ded 31 March 2024. Reference and administrative detali s Reglstered Charfty namE Shepway and Dist U3A Charity registration number 1149472 Prlncipal office 81A Seabrook Road Hythe CT215QW Kent Th8 trustees Mr Anthony Scofield Mrs Chrisline Hughes Mr David Warren Mrs Eileen Presland Mr Gehad Homsey Mr5 Jacqui Bray Mr John Hubbard Mrs Jacqueline Mad( Mrs Kathene RObson Mrs Linda Fdlows Mr Roger Curd Mr Ri)3er Wood Mr Stephen O'Nelll Independent exarniner Maxine Gambfill FCCA PG Lernc LLP StFUCtur4 govèrnance and management Shepway and Districl U3A is an independent tharity followrng the guidance and receiwng the support of The Third Age Trust. a naticmal body that oversees U3As throughout the United Kingd. The trustees. w(xk Is on a voluntsry basis wrylhout payThenL Objoctlve8 and activlties The main objethe3 of the charity are the advancement of education and. in p8rbcutar. the education of older people and those 7dtho are retired from full time work by ali means. induding associated activtties conducive to leaming and personal development in Folkestone, Hythe, New Romney and the surrounding area.
Shepway and District U3A Trusteés, Annual Report (condnuedl Year ended 31 March 2024 Oblectlves and actlvltles (¢onllftuedJ Summary of main activities undertaken: The study groups and activity groups of our U3A are led and organised by our members primarily around the interests of other members. The membership is made up of those no longer in full-time employm8nt and in general who wish to continue leaming new skills and PTactisitvJ old ones. Membership of our U3A is open to all. with no minimum or maximum age limil. We, the trustees. are mindfijl of the Charity Commission's guidan on public benerrt as li appfies to the activitses of charitie5. We consider that promoting learning and recreational activities benefit5 our members. general health and well-being considerably. Most referrals to our U3A are by word of mouth. We have found no need to advettise our exist8nce on a grand Scale. although we regularly have a stsll at local events to ensure our community are fully infc*med about US. The Shepvray area benefits from being a sunny. Goastal region and attracts a lot of r9tir8es. Many newcomers say how voluable the U3A is 88 8 mean8 to establlsh th8rns8lve3 In Ihe area and to meet newfriends who havg mutual interests. Some long-term resldents have diScoved Ihe U3A for the first time and find it a ]elIne, helping them live with widowhood or a $lngle lrfe in retirement. without lonellness and isolation. The U3A allows them to participat8 Wth a 'community of leamers and doers. in a wide variety of Interests and acllbffties outside thelr home. All our trustees and group leaders are volunteors and without thelr efforts and dedication we Gould not function. We are extremely grateful for and constsntly Impressed by the willingness of Individuab to gNe their time and energy to promote the teaming and enloyTnent of Ilfe expressed by the U3A membershlp.
Shepway and District U3A Trustees. Annual Report (¢tsntlnu8&) Year ended 31 March 2024 A¢hi•vements and performance Below, 1$ a full list of groups whlch we offered in 2023-24. Some of our courses follow DVD instruction in groups and some are led by an enthusiastic mwnber th skrll and knowledge to pas5 on and many a simply groups of those who Share an inter&st and wish to leam togelher. often sharing the 18adership and Tnanagement of the group. We aim to offer LM)th mentsl and physical exercise Ihrough our group activities. We have a programme of monthly speakers give tslks on a wide range of subjects. Our groups.. Aftwnoon Tea on the Marsh Art- Mixed Media Badminton Bird Watching Bolivia Book Circ4e- 3 groups Bridge Canasta Chess Cllmate In Crisis Lomputer Users ooklng Live Crafting Club Crlbbage Critical Analysis of Poelry Current Affairs - 3 branches Cyding Dance Earty Evening Ddnks Earth Science EnglaThJ - Roman to Nornan Tlmes Famity History Flora, Fauna and Foraglng Flower Arranging French- Beginners, Conversath)n and Intemiedi8ts Gardening 1 & 2 Golf ltslian Beginners Kurling Lata Middle Ages Line Dancing Lo(xl History Mahjong Meditati( Mid-week Supper Club Music- Class1 Music & Drama Novels Patchwork & Sewing P8tanque- Elham Petanque- Folkeston8 Philosophy Photography Pickleball
Shepway and District U3A Trustees. Annual Report (¢ofttlDuédJ Yèar ended 31 March 2024 Pilates Play Readlng- Folkestone Play Reading- Hytha Poety Recorder Rummikub Saturday Dining Science, Philosophy. Spiritual Scone Ranger5 Sewng Workshop Shakespeare Singing for Lrfe Swing Band Table Tennis Tai Chi- Clas5 1- Fom Tai Chi- Class 2- Qigong Tai Chi- Class 3- Qigong Toi Chl- Qas¥ 4- Sticks Tai Chi- Class 5- Form Ten Pin B0Ing (Friday Group) Ten Pin Bowling (Tuesday Gr(wJp) Ukulele Walks- Longlshort Whist & Other Card Games Wriltng Cirde Your Favourite Poems Flnandal revl¢w In the year ended 31 March 2024 th& charftys total income was £51366. and the tharitl$ total 8xpendibJre £49.083. The brought forward funds were £24.673 as at 1 April 2023, and the surplus of income over expendrture in the current year resulted in the cary forward balance of £27.956 as at 31 Marth 2024. We alm to cary fonvard about enough each year to ensure that we can cover any unexpected shortfall in subscriptM)n5 or any unforeseen price kncreases to hall hire or course materials. Our reserve amount covers the expenses of winding up our U3A should ihat be necessary. This is calculated approximately 6 months running costs. Most of our funds come from subscriptions and the 4>xasional donati(. We recetved our first grft aid pajment in 2014. This annual income is a most welcome and valuable addition to ¢JJr funds. Our expenditure is used to malntain our mambership of the Third Age TTUSt and to send the TAT magazine to all our members. We PUTchase any course materials requlred to the grwps. We also fund a rtewsletter. 1¢h is Tibuted monthly, to communicate with our membership.
Sh•pway and Distrl¢t U3A Tru8t••s' Annual R•port Yev ended 31 Mah 2024 Tho tru•t•es' annu r•port wJ• •pwth•J on l L.1.. -_Lvuk•nd *n•d on bthaw ofth• board ¢ Mr Jthn Hutèvd
Shepway and District U3A Independent Examinerfs Report to the Trustsés of Shepway and Distrlct U3A Year ended 31 March 2024 I report to the trustses on my examination of the financial statements of Shepway and Distrlct U3A (Ihe charitrf) for the year ended 31 March 2024. Responsibilities and basls of report As the trustees of the charity you are r8sponsible for the preparation of Iha financial statements in accordance wth the requirements of the Charitses Act 2011 ('Ihe ACY). I report in Spect of my examination of the charitrfs financial slatements out under section 145 of the 2011 Act and in CaYing out my examination I have followed all th8 apFAi(2ble Directions given by the Charity Commission under section 14515>lb) of the ACL Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect. accounting rewrds were not kept In respert of the ch81ity a8 required by section 130 of Ihe AGt- or the fin4nGial statements do not accord with those rpn>rd$", nr the financial statements do not comply with the appllcable requirements conceming the fomi and conlenl of accounts set out in the Charities (Accounts and Report31 Regulations 2008 other than any requirement that the accounls give a 'lrue and faif vi8w which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters In connection bMth the examination to which attentlon should be drawn in this repc*t In order to enable a pr¢)per understanding of the accounts to be reached. .A. Maxine Gambrill FCCA PG Lemijn LLP Independent Examiner 22-26 Bank Street Heme Bay Kent CT6 SEA 11 October 2024
Shepway and Distrlct U3A Statement of Financial Activiti•s Year ended 31 March 2024 2024 Unrestricted funds Totsl funds Totsl fijnds 2023 Income and endowments Donations and legacie5 Investment income 52.352 14 52,352 14 46.629 Totsl income 52.366 52,366 46.638 Expendlture Expenditure on charitable activities Oiher expendlture Total expendlture 49.023 49.023 47,614 72 49.083 49.083 47.686 Net Incomel(expendlturn) and ngt movem•nt in funds 3.283 3.283 (1,048) Reconclliation of funds Totsl fijnds brought forward Total funds carried fopward 24.673 27.956 24,673 27,956 25.721 24,673 The statement of financial a¢tlvlltes includes all gains and losses CognISed In the year. All income 8nd expenditur8 derive from conynulng actlvftles. The not•s on pages g to 14 f¢wm part of these fin•n¢ial statsments.
Shepway and District U3A statement of Flnan¢lal Po•ltlon 31 March 2024 2024 2023 Cash at bank •nd In hand 47.139 43.874 Cv•thtorn: am(wn¢• fallkng within on• y•ar 13 19,183 27,956 27,956 27.956 19.201 24,673 24.673 24.673 Total assets1•8• cuvv•nt bIlItI•• Fund• olth• ch•rfty 27.956 24,673 24.673 Totsl charlty furn1¥ 15 nandal statem4ts Iiiire apyovl by the bo•rd of Iiustee$ arKI aulhryiied for Is%J• on . ..&#d are slgned on behaf of the board by. MrJohn Hbard Th• nol• on p•g• 9 10 14 forni W of th•¥ flnanGi•I slat•m•
Shepway and Dlstrict U3A Notes to the Flnanclal Statements Year ended 31 March 2024 General informatlon The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 81A Seabrook Road, Hylhe, CT21 5QW. KenL Statement of compliance These financial statements have been prepared in compliance wth FRS 102. The Financial Reporting Standard applicable in the UK and the Republic of Ireland.. the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (Charilies SORP {FRS 10211 and the Charithes Act 2011. Accounting policies Basis of preparatlon The financial ststements have been prepared cffl the historical cost basis, as modified by the revaluation of certain flnancial assets and liabilitles and investment properties measured at fair value thm(Igh Inrnm8 or expenditure. The finandal statements are prepared in stsding, which is the functional currency of th8 entty. Going concern There are no materlal uncertainties about the charitvs ability to continue. Judgements and key sources of estimation uncertalnty The key assumptions and other sources of estimaiion uncertainty that have 8 significant risk of ¢au5ing a material adjustment to the Carrng amounts of assets and liabilr(ies within the next financaal year are as follows; none. Fund aceountlng Unrestricted funds are available use at the discretion of the trustees to further any of the tharitys purposes. Designated funds are unrestricted fijnds earrnarked by the trustees for particular future project or commitmer]t. Restricted funds are subjected to restrictions on their expenditure dedared by the donor or through the terms of an appeal. and fall into one of two sutkclasses: restricted income fijnds or endowment funds.
Shepway and Dlstrlct U3A Notes to the Flnanclal Statèments {¢onrtlnued) Year ended 31 March 2024 Accounling policles {condnu8d) Incoming resources All incoming resources are induded in the statement of financial actIvleS when entttlemerrt has passed t() the charity.. Fi is probable that the economic beneffts associated the transaGtion will flow to the charity and the amount can be reliably measured. The following speufic poltcies are applied to particular categories of income: income frDm donations or grants is recognised when there is eviden of entitlement to the giL receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entittement is established. income from donated goods is measured at the fair value of Ihe goods unless this is irnpractical to measure reliably, in which case the value is derived from the cost to the donor or Ihe estimated resale value. Donated facilities and services are recognised in the accounts when reiVed if the value can be reliably measured. No amounts are included for the wiiliibutiuii uf yL411Wdl vulu11¥Ys. income from contracts ft)r th8 supply of seDAces Is recogrrised with the dellvery ot the contracted servi¢e. This is classified as unrestricted funds unless there is a contractual requirement for it to be Spent on a particular and retumed if unspent. In whlch ¢ase it may be regarded as re$tri¢ted. Re$our¢es eXpded Expenditure is r8cognlsed on an accruals basls as a Ilabllty Is Incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headlngs of the statement of financial activities to which it relates: expenditure on ralslng funds includes the costs of all fundraising activitses, events. non- charitable tradlng activities, and the sale of donated goods. expenditure on tharitable adivitie5 includes all costs incurred by a charity in undertaking acttvities that further its charrt8ble aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of th8 thariiy apportioned to tharitable activities. other expenditure includes all expenditure that is neither related to raising fundg for the charity nor part of its expenditure on charilable activiltes. AJI costs are allocated to expenditure Catego reflecting the use of the resource. Direct costs atbibutable to a single activity are alIcd diredy to that activity. Shared costs are app)rtioned betsveen the activities they contribute to on a reasonaEAe. justIfbIe and conslstent bas1S. Financial instruments The tharity had only basic financial instruments during the period under review. 10
Shepway and Dlstrlct U3A Notes to the Flnanclal Statements (eonllftued) Year ended 31 March 2024 Donations and legacles Unrestricted Totsl Funds Unrestricted Totsf Funds Funds 2024 Funds 2023 Donations Donath'ons Glft aid SubspAiptions Member5, meetings Course fe?5 Members. film night Events Sale of calendars, diaries, etc 383 4.9 28.137 383 4,569 28,137 457 4.311 25.642 287 9.841 1.039 4.974 78 457 4.311 25,642 287 9.841 1.039 4.974 78 12.276 1.267 5.720 12.276 1.267 5,72D 52,352 52,352 46.629 46.629 Invostm•nt income Unrestricted Total Fundg Unrestricted Total Funds 2024 Funds 2023 Bank Intwast receivable typg 1 14 14 Expendlturo on charltsble actlvltles by lund type Unrestrlcted Total Funds Unrestricted Totsl Funds Funds 2024 Funds 2023 Hall hire Refreshments Speakers Ucencés Events Direct mall - U3A news P4Jmini5tration Equipment Capitstion Admln bulletin pport costs 33,949 33.949 56 520 838 4,738 2,218 1,760 68 3,100 948 828 33.645 33,645 223 265 520 838 4,738 2,218 1,760 68 3,100 948 828 265 806 5,086 1,684 718 313 2.988 1,056 830 718 313 2.988 1.056 830 49.023 49,023 47,614 47.614 11
Shepway and District U3A Notas to the Financial Statements {¢tInUed} Y8ar •ndad 31 March 2024 Expenditure on charilable activities by a¢tivity type Acliwti8S undertaken dlre¢tly Support costs Total funds 2024 Totsl fund 2023 Hall hir8 Refreshments Speakers Licences 33,949 56 520 838 33,949 33,645 223 265 520 838 kri] Ev8nts Dlrect mail- U3A news Adminlstratton Equipment Capitation Admin bulletin Governance Costs 4,738 2,218 1,760 68 3,1fy) 4.738 2,218 1.760 68 3,100 5,086 1.684 718 313 2,988 1.056 830 828 828 48,195 828 49,023 47,614 Analysls of support costs Total 2024 Totsl 2023 Govemance costs 828 Other •xpenditur• Unrestricted Totsl Funds Unrestrfcted Total Funds Funds 2024 Funds 2023 Bank charges 60 60 72 72 10. Independont examination fees 2024 2023 Fees payable to the independent examinerfor. IndeFend8nt examlnalion of th8 financial statements 828 828 11. Slaff costs The average head count of employ88s during the year was Nil (2023: Nil). No employee received employee beneffts of rn0 than £60,000 during the year {2023: NII). 12
Shepway and District U3A Notes to tho Financlal Statements {eondn¢rtdJ Year ended 31 March 2024 12. Tntee femuneration and expenses No remuneration or other benefits from employynent vAth the charity or a related enttty were received by ihe trustees. No tru5te8s expen58s have be8n incued. 13. Creditors: amounts lalllng due within one year 2024 2023 Trade t¥editors Accruals and deferred income 233 18.950 19.183 234 18.967 19.201 14. Deferred Incorne 2024 2023 Amount deferred in y•ar 18,122 18.139 15. Analysrs of charltsble fund8 Unrnstrl¢ted funds 31 March 202 1 April 2023 Income Expenditure General funds Unrestricted fund 2 - desc in alc5 24,673 24,673 3,283 27,956 52,366 52,366 (49,083) 149,083) 24.673 At 31 March 202 1 April 2022 Income Expenditure General funds Unrestricted fund 2- desc in alcs 25.721 25.721 (1.048) 24.673 46,638 46,638 147,686) 147.686) 25,721 13
Shepway and Dlstrict U3A Notas to the Flnanclal Statemonts {eOttlthir Year ended 31 March 2024 l& Anatysls al net a8S•ts b•twe•n funds Unrestricted Totsl Funds Funds Current a588ts Creditors less than 1 ygar Net assets 47.139 119,183> 27.956 47,139 {19.183) 27.956 Unre5triGted Total Funds Funds 2023 Current assets Creditors less than 1 year Net assets 43,874 (19.201) 24.673 43.874 (19.201) 24.673 14