Registered Charity 1167101
Treasurer’s Annual Report & Annual Statement of Accounts 2023
Newhaven and Peacehaven u3a continues to be in good financial health. The membership of this u3a continues to grow, although at a slower pace than during 2021-22. The continued growth is a response to the range of interest groups and activities that are available to members.
The Committee has held the membership fee at the same level for another year. This has been made possible by the continued increase in revenue from membership fees; the proportion of members subscribing to Gift Aid; and the increase in interest paid to our Deposit Account. It is also a result of careful setting and monitoring of an annual budget by the u3a Committee.
Turnover has again seen a substantial increase over the previous year. This is due to the great range of outings and visits that the u3a has provided. The extra income is matched by extra expenditure of the same level as the u3a does not seek to ask members to pay more than the actual cost of providing the experience. Every effort is made to ensure that the cost to individual members reflects this. The u3a Committee has agreed that for any activity where income exceeds cost by a factor of £10 per participant, or more, the surplus must be refunded. In order to protect activities from making a loss. Refunds are not made to anyone who cannot attend but they are supported in finding a replacement for themselves.
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 very cost effective. The u3a Committee remains committed to providing a mixed economy for as long as there is a demand for this from members. There were substantial rises in the costs of paper and printer toner during the year. Allocations for each in the Budget for 2023 2024 reflect this rise.
The Third Age Trust (the national u3a body) did not increase the fee we pay to them last year after all. Indeed their invoice for the fees 2022 2023 did not arrive until after the close of the financial year . These fees have now been paid.
During the year we introduced a contactless payment option for members. This extends the payment options already available i.e. bank transfer, cheque and cash. We are now accepting in access of £1000 each month via the contactless option.
The Statement of Accounts for 2022 2023 follows.
It has been verified by Robert Foden (Treasurer, Brighton Five Deans u3a).
Tony Garwood September 2023
N•wh•¥eti Balance Sheet li¥• As at 31 July 2023 2022 2022 Fix•d Asi•t 544 544 C•oh in hfffid CurrntA¢¢•vnt D•poaltAee¢vnt 92 10 715 10.1 21.487 167 5.512 7.OX) IreaSe01 D?¥1¢• Fundi Art Club GarLleningGrOUP Keep Frt Mahioii8 Group Scrobble GTWP Sin8in8 Grp Wine Tasting Covp Tot A 1.9¥9 1130 820 34fj 130 134 275 15 336 74 924 44 rpBse of +loldirt¥ F¥nd8 Holid&ys Outjll8S Iheatre lot818 4.099 2.448 994 696 656 3.443 550 ?.4 477 Funds Resorva bfwd 8,980 10.Tri Surplus lor Ihe yoèr Re8Erves to Gl¥v(S Ilotal Cl 6.449 -l791 15429 8.980 ?1,486 13.243 We. the TrLJsitrees ol Newhaven PeKehaven v3J 48ree ihe In¢¢me ENpènditure Aecounl. Assets LISI &r 8Atsnce Sheet and ypprove them lor Subm15SlQll to the Chariiy CornTnission Tt• I TNsto• 2 Sigod / a Skyhera f A &tEpiieiLy Trustm 3 Signcd Print nome 42thJJJ g
H•thn£ Pe•h¥•n Income •nd Expgndlturo Account 11 Year endSng 31 July 2023 2023 2022 IrKom Capital EquIpwt Grw&- Èub5 Diar8 8ale8 Don8t1S Evènt Lurtls From D?$i8nated fun(l$ Gilt Aid Hol¥$ réceipts interest M&mb8r$hip Ourlng fecelpts R8tNes TAM Theati• Other iome 339 3.602 53 12 5.536 l889 390 L795 14 3.017 8.603 5,327 &295 718 24449 116 5.362 16.956 641 32 14.450 479 77,021 7Jn 33,039 Expondlturo LXRECT COSTS Capiial EqUIprrnt Cards & Bilts Committee Meetings DIarS Evènt Lurt$ Grcw Expenses HolOay$ Meèiijw room hir• Mernbershio reluKI rnnbr èv8nts Other expediture Outin8¥ Publicity Refreshrngnts Speakers TAM mag Theaty• To Desi8n8ted Fur To Hc4din8 Fuhds 1.236 89 80 49 S.547 4.224 1051 477 19 100 134 75 6.150 4.426 2Z304 503 87 102 17,554 35 72 852 28 14224 l139 656 7,020 87 740 7.814 N.8. Amounts rnorle58din DeslgnJted or 3.443 btohlryFk)d$5ncre45ed durKlhewev1ou5•r. TOTAL DIRECT COSTS 68.478 32,774 OVERHEAD COSTS Depn of ant Mèmbèrship cardi Posta8e -24) 401 716 98 32 I050 l812 195 80 Printing paper StatI¢ry Subscriptions TOTAL OVERfrEAO COSTS 10è3 Z058 Tot Exp•ndltur• 70,572 34.830 SUlusIO•11e1t P••d 6.449 -1.791 rrust8•s r•c8iv8dMithw 8xp8nc•s nor 188$ lor services durirg tho pwlod.
N•wh•v•n& P••¢•h•v•n u3a am, Analysis ol Assets live thw younsathwt Year endin8 31 July 2023 Bought Cost Value Audio System with 2 hand held microFthon8 Digital projector Artilli Display Board x 3 Panel Display Board x 4 Panel Extension Lead lon Roll) Laminator A4 Laptop Lenovo Projector Projector Tabl Rubber Safety Strip (to lay over cables) Tables Itoldin8) x 2 u3a flag 2610212014 October 2021 290 210 210 2010412011 2710512014 0910712013 2310512013 April 2022 1510212012 16 21 299 316 299 Donation 2210712013 1810412011 April 2021 10 200 40 35 Total purehas• valua 1.596 Value at 31 July 2023 544 N.8. Re-evaluing of assets did not rake place during 2022-2023 u3a live Brighton Five Deans Wednesdayi 24 August 2023 To Whom It May Concern, I have examlned the Annual Accounts In the Newhaven and Peacehaven u3a for the Finan¢l81 Year 2022123 and found them correct 8$ per the Inlormatlon provided. Name: Robert Fodor Treasurer at Bri8hton Five Deans u3a Signature". R•b•rt Fodor.19 Gowh•m Av•nu•. Rottin8d•rt 8rf8htort BN2 7DP T•t 07825 714541 Em•lP rob•rt.t•dor@rflortd.¢•m on Fh• 0•4ns U3A- R•Khtor•dChArltyNo 1163495