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 J￿v 2025
2025
2024
Fixqd A$**ts
C•sh in h￿d
Cwrent
D•po$it Accaurlt
628
13612
1&8
30.974
32
Il347
Kl.465
2Z333
D•618Thlt•d F￿n￿$
Art Club
GaTdeThng GrDw)
keep Fit GTrxy
&nwg Grc
Wine Tasti￿ Gr
ulel Group
Totd A
l922
474
lo￿A
-511
62
l545
218
89$
79
15
IrKrease
Increase
Hvldirt¥ FuThJs
Hdidèyg
Outin8S
Ttr*atre
Oth8r
Gfjfi•ral Funds
Reser¥e b￿d
Tot4 8
M2S8
224S
3258
1147
9.410
Totd B
4.840
l665
741
229S
775
1&429
Su@us toT thè p￿d
R8serves cfwd
-l249
Toi*c
614
Totd C I6￿43
.794
30.974
A+B+C
22332
A+B+C
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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 fu￿lS
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)**