CHARITY REGisfRATION NUMBER: 1149472 Shepway and District U3A Unaudited Financial Statements 31 March 2025 DRAFfACCOUNTS LEM NLL Chartered Certified Accountants 134 High Street Hythe Kent CT215LB
Shepway and District U3A Trustees. Annual Report Year ended 31 March 2025 The trustees present their report and the unaudited finanal statements of the charity for the year ended 31 March 2025. Reference and administrative details Registered charity name Shepway and District U3A Charity registration number 1149472 Principal office 81A Seabrook Road Hythe CT215QW Kent The trustees Dr Anthony Scofield Mrs Christine Hughes Mr David Warren Dr Gehad Homsey Mrs Helen Peverett Mrs Jacqui Bray Mr John Hubbard Mrs Jacqueline Mack Mrs Katherine Robinson Dr Linda Fellows Mr Roger Wood Mr Stephen O'Neill (Appointed 8 May 2024) Independent examiner Maxine Gambrill FCCA PG Lemon LLP Structure, governance and management Shepway and District U3A is an independent charity following the guidan and receiving the support of The Third Age Trust, a national body that oversees U3As throughout the United Kingdom. The trustees, work is on a voluntary basis wthout payment. Objectives and activities The main objectives of the charity are the advancement of education and, in particular, the education of older people and those who are retired from full time work by all means, including associated activities conducive to leaming and personal development in Folkestone, Hythe. New Rofflney and the surrounding area. Draft Accounts 16:37 on 8 July 2025
Shepway and District U3A Trustees. Annual Report (contlnued) Year ended 31 March 2025 Objectives and activities (continugd) 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 employment and in general who wish to continue leaming new skills and practising old ones. Membership of our U3A is open to all, with no minimum or maximum age limit. We. the trustees, are mindful of the Chartty Commission's guidance on public benefit as it applies to the activities of charities. We consider that promoting leaming and recreational activities benefits our members, general health and well-being considerably. Most referrals to our U3A are by word of mouth. We have found no need to advertise our existence on a grand scale, although we regularly have a stall at local events to ensure our community are fully informed about us. The Shepway area benefits from being a sunny. coastal region and attracts a lot of retirees. Many newcomers say how valuable the U3A is as a means to establish themselves in the area and to meet new friends who have mutual interests. Some long-term residents have discovered the U3A for the first time and find it a lifeline, helping them live with widowhood or a single life in retirement, without loneliness and isolation. The U3A allows them to participate with a 'community of learners and doers. in a wide variety of interests and activities outside their home. All our trustees and group leaders are volunteers and without their efforts and dedication we could not function. We are extremely grateful for and constantly impressed by the willingness of individuals to give their time and energy to promote the leaming and enjoyment of life expressed by the U3A m8mbership. Draft Accounts 16:37 on 8 July 2025
Shepway and District U3A Trustees. Annual Report (continue Year ended 31 March 2025 Achlevements and perfornian¢e Below, is a full list of groups which we offered in 2024-25. Some of our courses follow DVD inslruclion in groups and some a by an enthusiastic member with skill and knowledge to pass on and many are simpty groups of those who share an interest and wish to leam together. often sharing the leadership and management of the group. We aim to offer both mental and physical exercise through wr group actsvibes. We have a programme of monthly speakers who give talks on a wide range of subjects. Our groups: Afternoon Film Matinée Afternthjn Tea on the Marsh Art - Mixed Media Badminton Bird Watching Bolivia Book Circle - 3 groups Bridge Chess Climate in Crisis Computer Users Cooking Live Crafting Club Cribbage Critical Analysis of Poetry Cuffent Affairs - 3 branches Cycling Earty Evening Drinks Earth Science England - Roman to Nomian fimes Family History Film Club First Fiiday Coffee First Monday Breakfast Club Flora, Fauna and Foraging Flower Arranging French - Beginners, Conversation arKI Intemwdiate Gardening 1 & 2 Golf Kurling Line Dancing Local History Mahjong Meditation Mid-week Supper Club Music - Classical Music & Drama Novels Patchwork & Sewing Petanque - Elham & Fotkestone Philosophy Photography Pickleball Pitates Draft Accounts 15:01 on 23 Juty 2025
Shepway and District U3A Trustees, Annual Report (¢onOnu Year ended 31 March 2025 Play Reading - Folkestone Poetry Rurnmikub Saturday Dining Science, Phik)sophy & Spirituality Scone Rangers Shak8speare Singing for Life SVng Band Table Tennis Tai Chi- Class 1- Form Tai Chi - Class 2 - Qigong Tai Chi - Class 3 - Qigong Tai Chi - Class 4 - Stlcks Tai Chi- Class 5- Fomi Ten Pin Bowling (Friday Group) Ten Pin Bowling (Tuesday Group) Ukulele Walks - Longlshort Whist & Other Card Games Writing Circle Your Favourite Poems Financial review In the year ended 31 Marth 2025 the charitys total income was £55.252, and the charivs total expendtture £55.399. The brought forward funds were £27.956 as at 1 April 2024, and the deficit of income over expendire in the current year resulted in the fOrdrd balance of £27,809 as at 31 March 2025. We aim to cary fOard about enough each year to ensure that we can cover any unexpected shortfall in subscriptions or any unforeseen price increases to hall hire or course materials. Our reserve amount covers th8 expenses of winding up our U3A should that be necessary. This is calculated on approximately 6 months nnIng costs. Most of our funds come from subscriptions and the (SK)nal donati(M. We rec£lved our first gift aid payment in 2014. This annual coMe is a most welcome and valuable addition to our funds. Our expenditure is used to maintain our membership of the Third Age Trust and to send the TAT magazine to all our members. We purchase any course matwials required to run the groups. We also fund a newsletter. which is distributed monthly. to communicate th our membership. .. arKI signed on behalf of the tM)ard of The trustees, annual rep)rt %Yas approved on .................... . trustees by. Mr Stephen O'Neill Trustee Draft Accounts 15=01 on 23 July 2025
Shepway and District U3A Independent Examinerfs Report to the Trustees of Shepway and District U3A Year ended 31 March 2025 I report to the trustees on my examination of the financial statements of Shepway and District U3A {'the charity'l for the year ended 31 March 2025. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial ststements in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the chariws financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charty Commission under section 145(5){b) of the Act. Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination gmng me cause to believe that in any material respect-. accounting records were not kept in respect of the chanty as required by section 130 of the Act., or the financial statements do not accord with those records- or the financial statements do not comply wth the applicable requirements Concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requiremenl that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. 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. Maxine Gambrill FCCA PG Lemon LLP Independent Examiner 22-26 Bank Street Herne Bay Kent CT6 SEA Draft Accounts 16:37 on 8 July 2025
Shepway and District U3A Statement of Financial Activities Year ended 31 March 2025 2025 Unrestricted funds Total funds Total funds 2024 Note Income and endowments Donations and legacies Investment income 55,236 16 55,238 16 52,352 14 Total income 55.252 55,252 52,388 Expenditure Expenditure on charitable activtties Other expenditure Total expenditure 54.911 488 54,911 488 49,023 60 55.399 55,399 49,083 Net (expenditure)lincome and net movement in funds (147) (147) 3,283 Reconciliation of funds Total funds brought forward Total funds carried forward 27,9 27,956 27.809 24,673 27,809 27,956 The statement of financial activities includes all gains and losses re¢ognised in the year. All income and expenditure derive from continuing activities. The notes on pages 8 to 12 forni part of these finan¢ial statements. Draft Accounts 16:37 on 8 July 2025
Shepway and District U3A Statement of Flnanclal Position 31 March 2025 2025 2024 Current assets Debtors Cash at bank and in hand 12 621 51.879 47,139 47.139 52.500 Credftors: amounts falllng due wfthin one year Net current assets 13 24.691 19.183 27,809 27,956 Total assets $$ current Ilabllltles 27.809 27.809 27.956 27,956 Net assets Funds of the charrty Unrestricted funds 27,809 27,956 27,956 Total charity funds 15 27,809 These finanrial statements were approved by the ard of trustees and authorised for issue on 11 October 2024. and are signed on behalf of the LM)ard by. Mr Stephen O'N11 Trustee The notes on pages 8 to 12 form part of theso finandal statement& Draft Accounts 15..01 on 23 July 2025
Shepway and District U3A Notss to the Financial Statements Year ended 31 March 2025 General InfOrn1On The charity is a public benefit entity arKI a registered charity in England and Wales and is unino)rporated. The address of the principal Offi is 81A Seabrook Road, He. CT21 5QW, Kent. ststement of compliance These financial statements have been prepared in compliance with FRS 102, The Flnandal Reporting Stsndard applicable in the UK and the Republic of IrelarKI'. the Statement of Recommended Practice applicable to charÈties preparing tr1r aco)unts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) {Charbties SORP (FRS 102)) arKI the Charities Act 2011. Accounting pollcies Basis of preparation The financial statements have been prepared on the historical $t basis. as modified by the revaluation of certain financial assets and liabilities arKI investrnent properties measured at fair value through income or expenditure. The financtal statements are prepar&J in sterling. whith is the funCtal currency of the entity. Going concern There are no material uncertainties about ts charityls abilty to continue. Judgements and key sour¢es of estlmation uncertainty The key assumptions and other swrces of estimation uncertainty that have a slgnrfint risk of causing a material adjustment to trie c2rying amounts of assets arKI ab}lItIeS Mrithin the next financial year ar8 as folk)ws". none. Fund accountlng Unrestricted funds a available for use at the diSet10n of the trustees to further any of th8 charitys purposes. Designated funds are unrestiicted funds &¥Maed by the trustees for particular futu project or commitmenL Restricted funds are subjected to restriths on their expendilure dedared by the donor or through the terms of an appeal, and fall into one of two suaSses. restricted income funds or endowment furKIs. Draft Accounts 15:01 on 23 July 2025
Shepway and District U3A Notes to the Financial Statements (continued) Year ended 31 March 2025 Accounting policies {ntinued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity- it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gwfl, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and retumed if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liabilty is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement of financial activities to which it relates- expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefrt of its beneficiaries. including thosa support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expendtture on charitable activities. All costs are allocaled to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity- Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Financial instruments The charity had only basic financial instruments during the period under review. Draft Accounts 16:37 on 8 July 2025
Shepway and District U3A Notes to the Financial Statements (Contlnued) Year ended 31 March 2025 Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Donations Donations Gift aid Subscriptions Course fees Members. film matinée Events 1.125 2,371 28.145 16.628 1.276 5.691 1,125 2,371 28.145 16,628 1,276 5,691 383 4,569 28.137 12,276 1.267 5.720 383 4.569 28,137 12,276 1,267 5,720 55.236 55,236 52.352 52,352 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Bank interest reiVed 16 16 14 14 Expenditure on charitsble activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Hall hire Refreshments Speakers Licences Events Direct mail - U3A news Administration Equipment Capitation Admin bulletin Support costs 39.347 30 385 872 5,026 2,636 803 526 3,196 1,218 872 39,347 30 385 872 5,026 2.636 803 526 3,196 1,218 872 33,949 56 520 838 4,738 2,218 1.760 68 3,100 948 828 33,949 56 520 838 4,738 2,218 1,760 68 3,100 948 828 54,911 54,911 49,023 49,023 Expenditure on charitable activities by activity type Activities undertaken directly Support costs Total funds 2025 Total fund 2024 Hall hire Refreshments Speakers Licences Events 39,347 30 385 872 5,026 39,347 30 385 872 5,026 33,949 56 520 838 4,738 Draft Accounts 16:37 on 8 July 2025
Shepway and District U3A Notes to the Financial Statements (condmKdJ Year ended 31 March 2025 Direct mail - U3A news Administration Equipment Capitstion Admin bulletin Govemance costs 2,636 2.636 803 526 3,196 1,218 872 2,218 1.760 526 3.196 1,218 3.100 872 828 54.039 872 54,911 49.023 Other expendlture unrestrict Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Bank charges 60 Indepandent •xamlnatlon fees 2025 2024 Fees Payab to the independent examiner for: Independent examination of the financial statements 870 828 10. Staff costs The average head count of emplojws during the year was Nil (2024: Nil). No employEe received employee benefrts of more than £60,000 durirKJ the year (2024: Nil). 11. Trustee romuneratlon and expenses No remuneration or other benefits from employmwrt wilh the tharity or 8 related entity were received by the trustees. No trustees expenses have been IncTred. 12. Debtors 2025 2024 Trade debtors 621 13. Credltors: amounts falling due withln one year 2025 2024 Trade creditors Accruals and deferred in(x)me 272 24.419 24.691 233 18.950 19.183 Draft Accounts 15:01 on 23 July 2025
Shepway and District U3A Notes to the Financial Statements (cOnnId) Year ended 31 March 2025 14. Deferred Income 2025 2024 Amount deferred In year 23.549 18,122 15. Anatysis of charitable funds Unrestricted funds 1 April 2024 Income Expenditure 31 March 2025 General funds Unrestricted fund - movwnent 27,956 55.252 {55,399) 27,809 27,956 55.252 (55.399) 27,809 At Income ExpditUre 31 March 2024 1 Awil 2023 General furKIs Unrestricted fund - movement 24.673 24.673 3.283 52.366 52,366 (49.083) (49.083) 24.673 27.956 16. Analysis of not assets between funds Unrestricted Total Funds Funds 2025 Current assets Creditors less than 1 year Net assets 52,499 (24,690) 27,809 52,499 (24,690) 27.809 Unrestricted Total Funds Funds 2024 Current assets Creditors less than 1 year Net assets 47,139 (19,183) 27.956 47,139 (19,183) 27,956 Draft Accounts 15:01 on 23 July 2025 12