Treasurer’s Annual Report & Annual Statement of Accounts 2022
Newhaven and Peacehaven u3a is in good financial health. The u3a has seen a rapid growth in activities since emerging from the pandemic. This has been matched by a steady rise in membership. There are indeed over 100 extra members compared with this time last year.
The Committee were able to keep the membership fee at the same level for another year. This is partly due to the increase in revenue from the increase in membership. It is also thanks to careful setting and monitoring of an annual budget by the u3a Committee.
I am pleased to report that a growing number of members are subscribing to Gift Aid which further boosts income.
Turnover has seen a three-fold increase since last year. This is due to the great range of outings and visits that the u3a has provided.
A sizeable proportion of the funds in the annual budget are used to provide printed material to keep members informed. The Committee is keen that as many members as possible should receive this information in a digital form only as this is more cost effective. However, it is committed to providing a mixed economy for as long as there is a demand for this from members.
It has been a challenging time however, for some of the Interest Groups that meet in public buildings. Increased room hire charges are the main culprit. As groups may not make a loss, the Committee asked each group facing a challenge to review the sub they charged and where they met. As a result, changes have been made and the Committee agreed to write off expenditure that could not realistically be recouped. The Committee will continue to review the income and expenditure of all groups that meet in public buildings.
The Third Age Trust (the national u3a body) has stated that it is experiencing some financial difficulties and is proposing an increase in the fess paid to them. This u3a Committee is concerned that no financial information has been supplied in support. There is a further proposal that these fees be increased automatically every year. While the Committee can understand that an increase may be justified due to the high level of inflation, they would prefer to see the financial evidence. The Committee is completely opposed to an automatic annual increase. Should the proposals be agreed at their AGM this will have implications for the membership fee that this u3a will need to charge.
Detailed budgeting and active monitoring mean that effective use is being made of funds available to Newhaven and Peacehaven u3a.
The Statement of Accounts for 2021 2022 is attached. It has been verified by Robert Foden (Treasurer, Brighton Five Deans u3a).
Tony Garwood September 2022
Newhaven & Peacehaven u3a Income and Expenditure Account learn, live lur th• ygunffj at h•art Year ending 31 lY 2022 1022 Capiial Egupment crpS- 5Ut Sngs S8lès 339 3.eo2 Frtrn De•ed 631 lio5 nterest [795 5255 io 15 27k) CkrtirE rttF4S R•ffl05 TAM 7,37T u38 da¥ Tot41 31039 Capital Equipm?nt Cards & Ertis Cornmrtiee Moètmgs DneS Eveni l unch Group Expern5es 1238 89 49 5.547 4.224 2051 477 5.385 Mling Tcom hrg members.0 rehd Ouiing5 Publicity Rèlrèshmeni8 Speaker5 TAM mag •tr u3aDay To Hel Fwds 7.020 87 96 740 1452 515 7.614 1443 X774 D•pn of F4•ni Posi¥e Fthrir¢ r Printing popgr 518iKréry crpricns 672 J6 98 32 214 1.054 TOTAL OVAD COSTS io .673 -L791
Newhaven & Peacehaven u3a Analysis of Assets learn. live for the youn8 at heart Year ending 31 July 2022 Bought Cost Vahje Audio System vrith 2 he1 held microphones D4gttsl wqector Artil Display Board x 3 Panel Displ8y Board x 4 Pand Extension Lead lon Rdl) Laminator A4 2610212014 290 October 2021 210 210 20J0412011 2710512014 IT7 0910712013 16 2310512013 April 2022 1510W2012 Laptop Lenovo Projector Projertor Tai Rubber Safety Strip (to lay over cables) TakeS Ifowing) x 2 38 flag 299 299 316 Donati 2210712013 1810412011 io April 2021 35 Total purchase value 1,596 ValJe at 31 2022 544
N•wh•v•n & P•e•hv•n u3a Belae Sheet learn. As at 31 July 2022 lor the youn8 8t heart 2022 2021 FThedAMt¥ 303 Cknh in hhd Cwr•ntAc¢Ount D•po$r( A¢cwnt 107 5.512 7.020 11243 5.953 13280 0•8wied FLd> Art ChJb Gard•niry&oup Kwp Frt ma0 Grow Scrobble GfOUP SnynK Group Wme T85liy Group T•1 820 Tor 250900 An Grc¥Jp Holdiay Music Grou 705 I035 24 129 556 130 -98 Cbjl Ukdele Gry 336 74 Holthw Fund• HolKI8ys 550 ThèatTè 477 G•rrl Fw Res& bd 10.rn DetKrt for the y•w Reserves clwd -l791 10.Th 13.243 1328000 u3a learn, Brighton Five Deans To Whom It May Conc•rn. I have examined the Annu81 Accounts in the Newhaven and Peaceh•v•n u3a for th• Financial Y•Jr 2021122 and found them Correct Js p•r th• information provid•d. Name: Rob•rt Fodor Tr•asur•r at Brighton Five Deans u3a Signature-