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
Curr*ntA¢¢•vnt
D•poaltAee¢vnt
92
10 715
10.1
21.487
167
5.512
7.OX)
I￿reaSe01
D?¥1￿￿¢•￿ Fundi
Art Club
GarLleningGrOUP
Keep Frt
Mahioii8 Group
Scrobble GTWP
Sin8in8 Gr￿p
Wine Tasting C*ovp
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
T￿*t*• I
TNsto• 2
Sig*od
/ a Skyhera
f A &tEpiieiLy
Trustm 3
Signcd
Print nome
42thJJJ g

H•*th￿*n£ P**e•h*¥•n
Income •nd Expgndlturo Account
11
Year endSng 31 July 2023
2023
2022
IrKom
Capital EquIpw￿t
Grw&- Èub5
Diar￿8 8ale8
Don8t1￿S
Evènt Lurtl*s
From D?$i8nated fun(l$
Gilt Aid
Hol￿*¥$ réceipts
interest
M&mb8r$hip
Ourlng fecelpts
R8tNes
TAM
Theati•
Other i￿ome
339
3.602
53
12
5.536
l889
390
L795
14
3.017
8.603
5,327
&295
718
24449
116
5.362
16.956
641
32
14.450
479
77,021
7Jn
33,039
Expondlturo
LXRECT COSTS
Capiial EqUIprr￿nt
Cards & Bilts
Committee Meetings
DIar￿S
Evènt Lurt￿$
Grcw Expenses
HolOay$
Meèiijw room hir•
Mernbershio reluKI
rn￿nb￿r 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 rnorle5*8din DeslgnJted or
3.443 btohlryFk*)d$5ncre45ed durK*lhewev1ou5￿•r.
TOTAL DIRECT COSTS
68.478
32,774
OVERHEAD COSTS
Depn of ￿ant
Mèmbèrship cardi
Posta8e
-24)
401
716
98
32
I050
l812
195
80
Printing paper
StatI¢￿ry
Subscriptions
TOTAL OVERfrEAO COSTS
10è3
Z058
Tot￿ Exp•ndltur•
70,572
34.830
SU￿lusIO•11e1t P•￿•d
6.449
-1.791
rrust8•s r•c8iv8dMithw 8xp8nc•s nor 188$ 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@rfl*ortd.¢•m
on Fh• 0•4ns U3A- R•Khtor•dChArltyNo 1163495