Charity Number . 1165924 CHISWELL GREEN U3A FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 CHISWELLGREEN U3A CONTENTS Page Trustees & Other Trust Information Trustee5' Rwort 2to4 Independent Examiner's Report Rtteipts & Payment5 Balancesheet Notesto theFinancial Statements Actlvlty Group Income& expendlture 9tolO CHISWELL GREEN U3A TRUSTEES & OTHER TRUST INFORMATION FOR THE YEAR ENDED 31 MARCH 2023 Trustees-l)fficers Adrian Wilson Le55mith Peter Waite Tonyjackson Chalr & Speaker Organiser Deputy Chair and Equipment Organiser Treasurer Secretary Trustees-Non Officers Pauline Matthews Garrysnoad Pamela Whitfield AnneTraynor Joy Dabson Paul Draper Barbara Gerwein Pamela Martin David Brennan Newsletter & Webmaster Membership Secretary NewGroupsOrganiser & Webmaster Existin8 Groups Organiser Trips Organiser Speaker Organiser Accessability Issues Support Activities Newsletter - Resigned May2022 - Resigned May 2022 -Appointed May2022 Reglstered Charity Number 1165924 Principal Locatlon Greenwood Park Community Centre rippendell Lane Chiswell Green St Albans AL2 3HW Bankers Lloyd5 St Albans Branch clo PO Box 1000 Andover BXI ILT Page I CHISWELL GREEN U3A TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023. TheTrustees present their annual report together with thefinancial statements of Chiswell Green U3A I'CGU3A'I fortheyear ended 31 March 2023 CGU3A Is a UK Charity, with the registered number 1165924. Structure, Governan￿ and Management A- Constltution The Charity Is an unincorporated members, association and a member of theThird Age Trust. It wasformed on 61312014 and the inaugural meeting was held on 3/412014. Regular monthly meetings started on 11512014. The main bank account was opened on 31412014 from which date, membership feeswere accepted. Under theconstitution, all officers and non-offlcers must rètireat the Annual General Meeting and may be rtylected as specified in the Constitution. Each trustee has been told of their responsibilities and legal liabi lities. The Committee of Trustees holds monthly meetin8Sto manage the operation of the Charity and overseesthe running of all its Interest Groups run by members. The Charity operates within the confines of its national body, theThird A8e Trust. Monthly assessments are made of the financial and operational positions and clear instructionsaregiven to relevant partie50n thefinancial and risk management of Interest Groups and CGU3Aactivities. - Method of Appointment or Electlon ofTrusteÉs The management of the Charity isthe responsibility of the Trustee5who are elected or Co-opted undertheterms of theconstitution. Objectlves and Artivities A-objertives The advancement of education of its membersthrough activities conducive to learning and personal dLwelopment. Promotion of physcal fitness, rnental and general health through activitie5that maintain and improve the well-being of members. Page 2 CHISWELL GREEN U3A TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 ICONTDI. Encouragement and broadening of members, horizons in a multitude of Subjects and topicsthrough partlcipation in the Charity s many diverse Interest Group& B-Artivitiesfor Achievln8Objective5 Monthly meetings are held forthe entire membership at which invited guests deliver talks on topical and educational Subjects of interest. The Charity operates 46 Interest Groups covering such activitlesas needlecraft, languages, history. Tai Chi, singing, canastra etc. The continuous development of the charit￿SWebslte to promote itsactivitie5and to provideactessto monthly news information and Interest Group actlvSties. Growingthe Charity's membership numbersto over 400 and its continual expansion. In carrying out these 3Ctivitieswhere possible, the Trustees have had fijll regard io theguidance issued by the Government, the Charities Commission and that of theThird ￿eTrUSt. Theentlre operation of CGU3A relies upon thededicated contributlons made by members acting wholly on a voluntary basis. Achlevements and Performance A-GolnE Concern TheTrustees havea reasonable expectation that thecharity hasadequate resourcesto continue in operational existencefor theft)reseeable future. Accordingly. the going concern basis has been adopted in preparingthesefinancial statements. -Review of Actlvltles Provlding a U3Afor around 400 retired and semi-retired residentsof the Chiswell Green. Park Street, Bricket Wood and nearby vicinitv. Providing educational and informativetalksfor members attending the monthly meetings. Providing Interest Groups for members, covering a wide range of recreational, physical. mental and educational activities and Trips and visitsfor educational and recreational purposes. Page3 CHISWELL GREEN U3A TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 ICONTDI Providing n￿5 and information to all membersabout its and thewider U3A movements, actlvltles. Enabling members (often isolated, dderly and lonely), to make newfrlends and acquaintances, to participate in the local communitythrough activitiesand Inter Groups C- Investment Pollcyand Performance Financlal Review Thefinancial statements areset out on pages 6 to 8. R85erve5 Policy TheTrusteesaim to hold a minimum of6 months anntjal income in reserves. Funds Membership subscriptions arethe principal sourceof funds. Tntstees, Responsibilities Ststsment TheTrustees arerespon5iblefor preparin8theTrustees' Report and thefinancial staternents in accordance with applicable13w and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicableto charitie5 in England & Wales requlres theTrusreesto preparefinanclal statements for each year which gSve a true and fair view of thestate of affairsof thecharity and of the incoming resourcesand application of resource5 of thecharity for that period. In preparingthesefinantial statements, theTrustees are required to- sdect suitable accounting pollclesand then to applythem consistently: Makejudgem￿tS and accountlng ettimatesthat 8rereasonableand prudent,. and preparethefinancial ￿￿ernentS on thegoing concern basis unless it is inappropriateto presumethat the Charity will continuelt) oper*ion. TheTrustee5 are responsiblefor keeping proper accounting records th* are sufficient to show and explain theCharlty'str3nsactlonsand disclo*with reasonableaccuracy at any tSme, thefinancial posltion ofthecharlty and enablethem to ensurethat thefinancial statementscomplywith theCharitiesAct 2011, the Charity (Accounts and Reports) RegulHtions2008 and the provisionsof theconstitution. They are also responsiblefor safeBuardingtheassetsof thecharity and hencefortakSng reasonable stepsfor the prevention and detection of fraud and other Irregularltie5. Irb by= Adrian Wil Chalr Peter Waite Treasurer Page 4 CHISWELL GREEN U3A INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHISWELL GREEN U3A FOR THE YEAR ENDED 31 MARCH 2023 I report on thefinan¢ial Statements of the Charity for theyear ended 31 Ma¥ch 2023 which areset out on pa8es6 to 8. Thisreport is madesoldy to the CharitV'5Tru5teesas a body, in accordancewith section 145 of theCharitiesAct 2011 and regulations made undersectlon 154 of thatAct. My work has been undwtaken so that l rnight stateto Charity'sTrusteesthose matters l am required to stateto them in an Independent Examlner's Report ènd for no other purpose. To thefullest extent permitted by law, I do not accept or assumé re5ponsibilityto anyoneother than the Charity Bnd theCharity'sTrustees as a body. for my workorfor this report. Resptctlve Re5pon51bllltSes of TrU￿e*sand Examlner The Charity'STruSt￿8r@ responybleforthe preparation of thefinancial statements, and they considerthat an audit is not required for this period under section 144121 ofthe CharIties￿t 2011 IlheAct'land that only an independent examination is needed. It is my responsibility to examinethefinancial Statements under section 145 oftheAct' follow the procedures laid down In thegeneral Directionsgiven by thecharity Commission under section 14515llblof theAct,' and statewhether partitular mattershave cometo my attentiot). Basls of Independènt Emamlner's Report Myexamlnation was carried out in a¢cordan¢ewith thegeneral DirectionsBlven by the Charitycornmission. An examination in¢lude5 8 revlew of theaccounting recoids kept by the Charity and a comparison of thefinancial statements presented wlth those records. It also includesconsider8tion of any unusual items or dlsclosures in thefinancial statements, and seekingexplanationsfrom you asTrustees concerning any such matters. The procedures undertaken do not provide all the evidencethat would be required in an audit, and con*quently no opinion is£iven asto whetherthefinancial statements present a tTueand fair view and thereport Islimlted to thosematters5et out in thestatement below. Independènt Exarniner'5 Statement In connection wlth my examination, no matter hascometo my attention.. which gives me reasonablecauseio believethat, in any material respect, the requirement to keep accounting recordsln accordance with section 130 oftheAct. to preparefinanclal staternentswhich accord with theaccountln8 records,. and complywith theaceountin8 requirements oftheAct have not b￿n met; or to which, in my opiniLin. attention should bedrawn In ordw to efiablea proper understandingof thefinancial statementsto be rèachd. SIGNED: Blllle Ch•lCh¥tered Atcountantl 18, Westcommon Wav Harpenden AL52LF Dated.. Page5 I CHISWELL GREEN U3A NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023. Accounting Pdicies Basls of Prepar*ion of Flnanclal Statements Thefinancial statem￿tS have been prepared under thereceipts and payments basis. Fund Accountlni General fund5 are unrestricted funds which areavailablefor use at theTrustees discretion in furtheranceof thegeneral objectivesof thecharityand which have not been designated for other purposes. Membèrshlp Subxrlptlons Asat 31103123 therewere414 mèrnbersof thechlswell Green U3 16 Joined after September 2022 and paid the reduced rateof £9. Third Agè TrustAnnual Subscrlptlon TheThird ￿eTrust isthe umbrella organisatlon of 311 U3As in the UK and to which Chiswell Green U3Apays an annual subscription per member every April1£3.50 In 2022-231. CharltyFunds Charity Fundsare unrestrlcted fvnds compTi5ingtheGeneral Reserve and the Social Account. Theseare monie5 wailable to theTrusteesfor thècontinued promotlon and adminstration of theChi9well Green U3A This reserve balante is monitored annually. Thesocial Account include5 holdingsfor triP5taking place in 2023124 of£3,258. Interest Groups FOT pre5ei)tation pttrposesgroup activitie5 aresummarised undwthefollowing headin8S.' Aca4eml¢ Educatlon-Antiques, History. Spanish 1x31 & Art Appreciation. Arts& Crafts- Needle5 & Pins, Papercraft 1x21, FlowerArrangin& Art. Musical-Sin£ingfor Fun, Ballroom Dancing. Mental Exerclse-Qul4 Games Physl¢al Exertlse-Zumb3 Gold, Yog3 1x21, Chalr Exerclse. TableTennis, Tai Chi. Cultural Tr5ps-Wings& WheeSs, Garden Wisits. London Walks. Pa8e8