Treasurer’s Report AGM 2024
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The accounts have been prepared on a cash received and paid basis but they have been amended for major items which would otherwise fall into a period to which they did not relate. These items are listed on the balance sheet under creditors and the income and expenditure is adjusted accordingly.
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The accounts show a surplus of income over expenditure of £2,753 compared with an excess of expenditure over income last year of £73.
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The reserves of the charity total £13,946 and mainly comprise money held in a deposit account at HSBC Bank totalling £12,767. The remainder of the reserves are held in the HSBC current account, the Paypal account and in cash.
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The charge for membership during the year was £15 per member. We have continued the same level of charge for the 2024-25 year. We have been very gratified to see increasing numbers of new members. People considering joining may come to groups on three occasions before committing to becoming a member.
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The main purpose of u3a is met through our system of group activities. These cover many and varied activities which the group members organise for themselves. We currently charge a fee of £1 for attendance at each group, with the exception of those sporting groups that require expensive accommodation and/or equipment. The group fees for these groups are £2 or £3.
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We would encourage all members to take part in as many groups as possible so that they may “Learn, Laugh, Live”.
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The group expenditure for the year of ££10,678 exceeds the group income for the year of £9,841. During the course of 2023-24, most of the church halls etc where groups meet raised their prices. We expect this deficit of group fees to continue and increase in the current year. The Committee is actively monitoring this situation and will consider increasing the group fees, if necessary. Group expenditure in 2023-24 included the purchase of a laptop and software totalling £449.
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Events and Outings continued to be run very successfully during the year and we thank the sub-committee for all their hard work organising a full and varied programme of events.
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Donations and Other Income relates mainly to commission received from Riviera Travel when members book their holidays through them.
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The accounts have been examined and reported upon by our Independent Examiner, Mr John Gripton. We are very grateful to him in this his first year in the post and thank him for his prompt attention to the work.
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I propose the adoption of this report and the accounts. If anyone has any questions or would like more details about our finances, please ask me directly.
Anne Williams Treasurer
STOURBRIDGE U3A
INCOME AND EXPENDITURE ACCOUNT
For The Year Ended 29 February 2024
| INCOME AND EXPENDITURE ACCOUNT For The Year Ended 29 February 2024 |
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|---|---|---|
| INCOME Membership Subscriptons Group Income Events & Outngs Visitors Donatons and Other Income Interest from Bank EXPENDITURE Group Expenses Events & Outngs Third Age Trust Members' Newsleters Monthly Meetngs AGM / Membership Expenses Open Day / Ant Fraud Commitee Expenses Paypal Commission Bank Charges Excess of Income over Expenditure BALANCE SHEET as at 29 February 2024 Assets Bank Accounts: Business Account Deposit Account Paypal Account Cash Creditors: Group fees received late Events advance bookings Group income: canals advance bookings Group expenses due AGM and members renewals in advance U3A Grant Net Assets Represented By: Reserves: Balance Brought Forward Surplus / (Defcit) for year |
2024 2023 £ £ 8000.00 8067.00 9841.28 8134.29 9313.50 8772.50 94.00 155.00 1042.32 689.68 214.47 30.31 |
2023 |
| 28505.57 25848.78 |
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| 10678.47 10054.84 8520.18 8584.98 3485.98 3089.60 51.54 19.18 1943.98 2114.13 96.00 1266.70 0.00 49.24 690.01 465.20 117.45 111.77 168.80 166.40 |
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| 25752.41 25922.04 |
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| 2753.16 -73.26 |
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| 2024 2023 2325.26 2418.58 12767.40 10052.93 67.62 39.83 248.44 370.48 |
2023 | |
| 15408.72 12881.82 |
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| -30.00 0.00 1648.00 1046.00 0.00 592.00 192.00 0.00 -347.50 0.00 0.00 50.76 |
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| 1462.50 1688.76 |
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| 13946.22 11193.06 |
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| 11193.06 11266.32 2753.16 -73.26 |
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| 13946.22 11193.06 |
Inde ndent Examiner's Re rt to the Trn5tees I have co]nplet¢d my examinalion of the Accounts for Stimrtiridge U3A for the Financial P¢ri(Kl l March 2023 to 29 February 2024. 1 confirni that no mawial matters have wrne to My aitenuon tn coniiertion with the examination whtch giv tne cause to believe that I any mateTia] reSpL the accounting records were not kept in accordance with section 132 of th¢ ChaTities Act 2011: or the accounts did not accord with the accounting records I have no concerns and hav¢ come across no other matter5 ID with the examination to whi¢h attenlion should be drawn in thas report in order to enable a pmptr ullder5tandi of the accounts to be reached. W John Gripion IPFA 23 March 2024