Registered Charity 1167101
Treasurer’s Annual Report & Annual Statement of Accounts 2025
Newhaven and Peacehaven u3a continues to be in good financial health. The membership of this u3a continues to grow at a steady rate and this provides more than sufficient funds to cover underlying running costs.
The Annual Statement does show a negative surplus for the period. This should not be taken to imply that this u3a is losing funds. Income was greater than £90,000 for a second year (£98,472 up from £91,959). This income is dominated Outings, Holidays and Theatre visits. All these carry funds forward. Funds are regularly collected during one financial year to be paid out during the next.
Income that may be used to run this u3a (Membership Fees, Donations, Gift Aid, Raffles and Bank Interest) rose from £6,445 to£7,860. During 2023/24 a double payment of fees to the Central u3a had to be made. If account is taken of this, overhead costs went down from £3,694 to £3,168.
The Committee is concerned that we may be holding too great an amount in reserve. They are in the process of identifying projects that will benefit members while ensuring that proposed spending is the stated purposes of Newhaven & Peacehaven u3a charity.
The membership fee has been held at the same level for another year. Currently there are no plans to increase the fee even if the fee charged by the Central u3a were to rise.
The option to pay by card continues to be popular. This year we have begun to introduce the option to pay online by card for a limited number of services. Payments continue to be accepted in cash, by cheque and via bank transfer.
The Statement of Accounts for 2024 2025 follows.
It has been verified by Robert Foden (Treasurer, Brighton Five Deans u3a).
Tony Garwood September 2025
88lance Sheet As at 31 Jv 2025 2025 2024 Fixqd A$ts C•sh in hd Cwrent D•po$it Accaurlt 628 13612 1&8 30.974 32 Il347 Kl.465 2Z333 D•618Thlt•d Fn$ Art Club GaTdeThng GrDw) keep Fit GTrxy &nwg Grc Wine Tasti Gr ulel Group Totd A l922 474 loA -511 62 l545 218 89$ 79 15 IrKrease Increase Hvldirt¥ FuThJs Hdidèyg Outin8S Ttratre Oth8r Gfjfi•ral Funds Reser¥e bd Tot4 8 M2S8 224S 3258 1147 9.410 Totd B 4.840 l665 741 229S 775 1&429 Su@us toT thè pd R8serves cfwd -l249 Toic 614 Totd C I643 .794 30.974 A+B+C 22332 A+B+C We. theTrusteees ol Ne*+wetbWKb Pehaven34d8reefh¢ atteched ExwK&wr¢ AcCtAs$ets List aThl Ba1ce Sheer and gpyovg rh8m try submission to Charrty CowrfrM5SiDfL &8nÈd P[Jnl T)W Ior4-( (rtewg00 Tru¥tv 2 &grbed Pnnt SHGPHE? TN8tw 3 $18ned Pnnt nbr( Thj.
N•whav8n & P8ac&haven leo Income and Expenditure Account Year ending 31 July 2025 2025 2024 Income Capital Equipment Diaries sales Donations Event Lunches Fashion Show Gift Aid Groups - subs Holidays receipts Interest Membership Other income ting receipts Postage Raffles Theatre u3a Matters Apppeciation of Assèts From Designated fulS From Holding Fund$ Total Income 29 2,007 5.253 987 793 4.196 46,806 329 4,586 261 11,607 76 560 13,918 40 230 6.017 932 4.698 45.270 406 5.739 307 17.154 553 16.750 42 375 Increase in valuè ot Assests 511 98.472 91.959 Exp•nditur• DIRECT COSTS Capital Equipment Cards & grfts Comrnittee Meetings Diaries Event Lunches Fashion Show Group Expenses Holidays Membershio retund eeting room hire New mernber events Other expediture tings Publicity Refreshments Speakers u3a Mattérs Theatre To Designated FurKIs To Holding Funds 4S4) 85 152 139 6.109 5.183 987 4,707 47,313 18 627 4.369 43.728 640 138 345 13.497 156 182 375 12.361 82 795 78 11279 46 15.842 474 9.418 741 TOTAL DIRECT COSTS 96.553 85.994 OVERHEAD COSTS Depn of Assets ernbership cards Postage Printing ink Printing paper Stationery Subscriptions 56 28 272 1,603 103 107 3.183 250 770 163 61 1,924 TOTAL OVERHEAD COSTS 3.168 5.351 Total Expenditure 99.721 91.345 Surplusloeficit for period -1.249 614
These accounts have been verified by Robert Foden (Treasurer, Brighton Five Deans u3a)