TOTTON SOUTH u3a
AGM 2023
Treasurer’s Report
At 31 March 2022 Totton South u3a had 228 paid-up members and at 31 March 2023 225.
Subscriptions were £15 for 2022-23 but are increased to £16 for 2023-24.
In the current year 64% of subscriptions have been paid by BACS compared with 60% previously. This is good as it minimises administration.
115 of our members signed to Gift Aid which enabled TSu3a to claim a further £143 from HMRC. This is lower than in previous years due to the reduced £5 subscription in 2021-22.
A licence fee of £1 per member is paid to the Third Age Trust for use of the Beacon system.
The Third Age Trust charged £4 per member as Membership Fees and £3.35 for each member receiving the Third Age Matters magazine to cover postage of 5 issues per year. Obviously this reduces the money available for use within Totton South.
Administration costs include postage of documents to members without email addresses.
The accounts for Lunches comprise the Spring Lunches held at The Masonic Hall Totton on 1 April 2022 and 24 March 2023.
Holidays shown in the accounts relate to Orchard House Lyme Bay in September 2022, Manor House Okehampton in November 2022 and Warners Littlecote in March 2023. Also deposits for Andre Rieu at Maastricht in July 2023, Scotland in August 2023 and Manor House Okehampton in November 2023.
Balances carried forward to the 2023-24 accounts totalled £3,803 consisting of:
| Andre Rieu at Maastricht July 2023 | £ 449 |
|---|---|
| Scotland August 2023 | £ 80 |
| Okehampton November 2023 | £ 102 |
| Membership subscriptions 2023-24 | £2,816 |
| Charity of the Year | £ 617 |
| Theatre | £ - 261 |
The accounts include the finances of Groups who hire premises for their activities.
The surplus of £185 for the year is included in the total of £7,296 cash held at year end.
The cost of equipment owned is shown as a memo entry in the accounts summary at original value but all paid for in the accounts for the year of purchase.
There is a forecast deficit of £477 for 2023-24 due to the anticipated purchase of a larger screen for presentations at Colbury Memorial Hall but will leave an adequate bank balance at the year end which is within U3A guidelines.
Thanks go to all those who have organised events and those who have contributed to funds during the year including the raffle and catering teams. The raffles raised £650 for TSU3A and £451 for our charity of the year whilst the teas at meetings raised £390.
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EXAMINEIYS REPORT ON TSU3A ACCOUNTS 2022.23 I have examined the accounts and records of Totton South U3A for the period l April 2022 to 31 March 2023 . I certlfy thatthe accounts have been prepared in accordance wtth those records. Mlchael Smith Examiner 27 April 2023