Charlty Number: 1165924 CHISWELL GREEN U3A FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 CHISWELLGREEN U3A CONTENTS Page Trustee5 & OtherTru5t Information Trustees, Report 2to4 Independent Examiner's Report Receipt5 & Payments Balancesheet Notesto the Financial Statements Grouped Accounts 9tolO CHISWELL GREEN U3A TRUSTEES & OTHER TRUST INFORMATION FOR THE YEAR ENDED 31 MARCH 2022 Trustees-officers Adrian Wilson Le5Smith Peter Walte Tonyjackson Chair Deputy Chair and Equipment Organiser Treasurer Secretary Trustees- Non Offlcers Pauline Matthews Garry Snoad Pamela Whitfield AnneTraynor Joy Dabson Paul Draper Barbara Gerwein Pame13 Martin NeW￿etter & Webmaster Membership Secretary New Groups Organiser Existing Groups Organiser Trips Organiser Speaker Organiser Acces5ability Issues Support Activities Reglstered Charlty Number 1165924 Prlnclpal Lotation Greenwood Park Community Centre Tippendell Lane Chiswell Green St Albans AL2 3HW Bankers Lloyds St ￿banS Branch c/0 PO Box 1000 Andover BXI ILT Page I CHISWELL GREEN U3A TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2022 The Trustees present their annual report together with thefinancial statements of Chiswell Green U3AI'CGU3A'lfor theyear ended 31 March 2022 CGU3A isa UK Charity, with the reglstered number 1165924. Structure, Govemance and Management A-constltutlon The Charity is an unincorporated members, association and a member of theThird 4qe Trust. It wa5formed on 61312014 and the inaugural meeting was held on 314/2014. Regular monthly meetingsstarted on 1/512014. The main bank account was opened on 31412014 from which date, membership fee5 were accepted. Underthe constitution, all officersand non-officers must retire at theAnnual General Meeting and may be re-elected asspecified in the Constitution. Each trustee has been told of their responsibilities and legal liabilities. The Commlttee of Trustees holds monthly meetings to manage the operation of thecharity and oversees the running of all its Interest Groups run by members. The Charity operateswithin the confines of its national body, theThird Age Trust. Monthly aSSes￿MentS are made of the financial and operational positions and clear instructions are given to relevant parties on thefinancial and risk management of Interest Groups and CGU3Aactivities. B- Method of Appointment or Electlon ofTrustees The management of the Charity isthe responsibility oftheTrustees who areelected or Co-opt￿1 under theterms of the Constitution. Objectlves and Artlvities A-objectives The advancement of education of it5 members through activitiesconduciveto learning and personal development. Promotion of physical fitness, mental and general health through activitiesthat maintain and improvethewell-being of member& Page 2 CHISWELL GREEN U3A TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2022 ICONTDI Encouragement and broadeningo* members, horizons in a multitudeof subl￿t5 and tOPiC5throvgh participation in the Charity's manydiverse Interest Groups. B-Activitie5f0rAchievlngObjecti￿S Monthly meetings are held for the entlre membership at which invited gue#s deliver talkson topical and educational subjects of interest. The Charity operates over 50 Interest Groups coverlngsuch activitiesas needlecraft, languages, history, tai chi, singing, zumba gold etc. The continuous development of the Charity'swebsite to promote Its artivitiesand to provideaccessto monthly news information and Interest Group activitie5. Growing the Charity's membership numbersto over450 within 5 years and it5 continual expansion. In carrylng out these activities where possible, theTrustee5 have had full regard to theguidance Issued bv the Government, the Charitiescommission and that of theThird AgeTrust. The entire operation of CGU3A relies upon the dedicated contributions made by members acting wholly on a voluntary basis. Achlevements and Performance A-GoinE Concem TheTrustees have a reasonableexpectation that the Charity has adequate resources to continue in operational existencefor theforeseeablefijture. Accordingly, the going contern basis has been adopted tn preparin8 these financial statement5. B-Revlewof Attivltles Provlding a U3Afor around 400 retired and semi-retired residents of the Chiswell Green, Park Street, Bricket Wood and nearbyvicinity. ProvldlnE educational and informativetalksfor members attendingthe monthly meetings. Providing Interest Groups for members, coverins a wide range of recreational, physical, mental and educational activities and Tripsand visitsfor educational and recreational purpose5. Page 3 CHISWELLGREEN U3A TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2022 ICONTDI Providing news and information to all members about its and thewlder U3A movements, activities. EnablinÉ members loften isolated, dderly and lonely), to make newfriends and acquaintancesand to participatein the local cornmunitythrough activitias and Interest Groups. C- Investment Poli¢y and Performance Financial R￿le￿ Thefinancial staternentsareset out on pages 6 to 8. R@5erves Pollcy TheTrusteesaim to hold a minimum of6 month5 annual income in reserve Funds Membershlp subxriptlonsarethe prlnclpal sourceof funds. Trustees, Respmslbllltles Statement TheTrustees are responsiblefor preparingtheTrustees' Report and thefinancial statements Sn accordancewith applicablelaw and United Kingdom Accountingstandards (United Kingdom Generally Accepted Accounting Practice). The law applicableto charities in England & Wales requir￿ theTrusteesto preparefinancial statements for each year which givea true and fair view ofthe state of affairs of thecharity and of the incoming resources and application of resourcesof the Charityfor tFiat period. In preparingthesefinancial staternents, theTrusteesare required to- select suitableaccountinE pollcltsand then to applythem consistently.. makeludgements and accountlngestimatesthat are reasonable and prudent- and preparethefinancial Statements on thegoing concern basis unless it is inappropriateto presumethatthe Charity will continue in operation. TheTru5teesare respon5iblefor keepingproper accounting recordsthat arÈ5ufficlentto show and explain the Charity'stransactions and disclose with reasonable accuracy at any time, thefinancial position of thecharity and enablethem to ensurethat thefinsncial statements comply with theCharitSesAct 2011, the Charity IAccount5 and Reports) Regulations 2008 and the provisions of the Constitution. They are31s0 responslblefor s3feguardlngthea￿et50f the Charity and hencefor taking reasonable stepsfor the preventlon and detection of fraud and other irregularities. This Report wasapproved bytheTrustee5 on L￿1 I2022 and slgned on thei Adrian wilts Chatr Peter Waite Treasurer Pa8e4 CHISWELLGREEN U3A INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHISWELL GREEN U3A FOR THE YEAR ENDED 31 MARCH 2022 report on thefinancial statementsof thecharityfor theyear ended 31 March 2022 which are set out on pages 6 to 8. Thisreport is madesolelyto theCharity'sTrustee5 asa body, In accordance with sertion 145 oftheCharitie5Act 2011 and regulationsm3deunderseciion 154 of thatAct. My work has been undertaken so that I might stateio Charity'sTrustees thosematters l am required to state to them in an Independent Examiner'5 Report and for no other purpose. To thefullest extent permitted by law. I do not accept or assume reSpon￿bIlItYto anyoneother than thè Charityand theCharity'sTrusteesasa body. for myworkorforthis report. Respective Re5ponslbllltlesof Trusteesand Examlner The Charlty'sTrusteesare re5ponsibleforthe preparation of theffinancial statements, and they consider that an audit Ssnot required for this period under section 14412lof the CharitiesAct 2011 ItheAct'land that only an independent examination isneeded. It is my responsibilityto.. examinethefinancial statements under5ection 145 of theAct.' follow theprocedure5 laid down in thegeneral Directionsgiven bythecharity Commissitsn under Section 1451Sllbl oftheAct; and statewhether particular matters haveeometo my attention. Ba5ssof Independent ExaminÈr's Report Myexamination wascarried out In accordancewith thegeneral Directions&"ven bythe Charity Comrnission. examination includes a revlew of theaccounting records kept bythe Charity and a comparlson ofthefinancial statements presented with those records. It also include5consideration of any unusual Items or disclosuresin thefinancial statements, and seeking explanation5from you asTrustee5 concernin8 any such matters. Theprocedures undertaken do not provide all theevidencethat would be requird in an audit, and consequently no opinion isgiven asto whether the financial statements present atrueand fairview and the report is limited to thosem*tersset out in thestaternent below. Independènt Examiner's Statement In connection with myexamination, no matter ha5 cometo my attentlOA'. which give5 me re3sonablecau*to believethai, In any rnaterial respect, the requirements.. to keep accounting records in accordancewith sectlon 130 oftheAct,. to preparefinancial statementswhich accord with the accounting records. and complywith theaccouTrting requirement5 of theAct have not been met; or to which, in my opinion, attention should bedrawn in order to enablea proper undersLanding oftheflnancial statementsto bereached. SIGNED.. Susan WoodhamsAC.A 12, Magnolia Close, Park Street Herts. AL2 2PP ]fv At?0¢LAw> Dated. 12 AFknC ￿ Z 11 "51 11- CHISWELL GREEN U3A NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Acccwnting Policies B￿SOf Preparatlon of Flnanclal Statements The financlal statements have been prepared underthe receipts and payments basi& Fund Accounting General fvndsare unrestricted fundswhich areavwlablefrjr use* theTrustees discretlon in furtherance of thegeneral objectives of the Charity and which have not been designated for other purpose Membership Subscriptions Asat 31/03122 theiewere405 munbersofthechlswell Green U3A 13 Joined after September 2021 and paid the reduced rate of £9. Third AgeTrust Annu4 Subscrlption TheThird AgeTrust isthe umbrella organlsation of all U3As in the UK and to which Chiswdl Gr￿n U3A pay5 an annual subscription per member everyApril1£3.50 in 2021-221 Charity Funds Charity Fundsare unrestrlcted fundscomprisingtheGeneral Reserveand the Social ktount. These aremonies availableto theTrusreesfor the contSnued promotlon and adminstration of the Chiswell Green U3L Thisre5erve balanceis monitored annually. The5ocial Account includes holdingsfortrips taking place in 2022123 of£3,483 Interest Group$ For presentation puiposes group activitie5 aresummarised under thefollowing headin8S.' Acalemic Educatlon-Antiques, History, Spanish 1x31 & Art Appreclation. Art5& Crafts- Needles& Pin5. Papercraft 1x21, Flower Arrangin& Art. Muslcal-Sin8ingfor Fun, Ballroorn Dancing. Mental EKerci5e- Qui4 Games Physical Education-zumba Gold, Yoga 1x21, Chair Exercis< TableTennis, Tal Chi. Cultural Outings- Wings & Wheels. Garden V151ts, London Walks. Page 8