Charity Number: 1170622 ## MILL HILL U3A ## FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 BAGINSKY COHEN CHARTERED ACCOUNTANTS MILL HILL U3A ## CONTENTS ||Page| |---|---| |Reference and administrative details of the charity, its trustees and advisers|1| |Trustees' Report|2 – 4| |Independent Examiner's Report|5| |Income and Expenditure Account|6| |Balance Sheet|7| |Notes to the Financial Statements|8| ## MILL HILL U3A REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023 ## Trustees – Officers June Burton, Chair (from 17 November 2022), Vice Chair (to 17 November 2022) Barbara Lenton, Chair (to 17 November 2022) Ivor Gertler, Vice Chair Melvyn Sandler, Vice Chair (from 17 November 2022) John Kutner, Secretary (from 17 November 2022) Brenda Dresner, Secretary (to 17 November 2022) Warren Starr, Treasurer ## Trustees – Non Officers Victor Brilliant Nari Dhana (from 17 November 2022) Barbara Lenton (from 17 November 2022) Michael Lewis (from 17 November 2022) Maxine Sandler (from 12 January 2023) Danny Jackson (to 17 November 2022) John Kutner (to 17 November 2022) Charity Registered Number 1170622 Principal Office 34 The Fairway, New Barnet, Herts, EN5 1HN ## Accountants Examiner – Jerry Michael Baginsky Cohen, 930 High Road, London N12 9RT -1- ## MILL HILL U3A ## TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023 The Trustees’ present their annual report together with the financial statements of Mill Hill U3A “MHU3A” (the Charity) for the year ended 31 March 2023. ## Structure, Governance and Management ## A – Constitution The Charity is an unincorporated members association and a member of the Third Age Trust. It was formed on 23 November 2015. Under the constitution all officers and non-officers must retire at the Annual General meeting and may be reelected as specified in the Constitution. - Each Trustee has been told of their responsibilities and legal liabilities of trustees. - The Committee listed above holds monthly or Zoom meetings to manage the operation of the Charity and oversees the running of some 44 Interest Groups run by Members. - The Charity operates within the national body, the Third Age Trust. - Monthly assessment of financial and operational position to be made and clear instructions to all relevant parties on the financial and risk management of Interest Groups and all other activities. ## B – Method of Appointment or Election of Trustees The management of the charity is the responsibility of the Trustees who are elected or co-opted under the terms of the Constitution. Objectives and Activities ## A – Policies and Objectives The advancement of education and in particular the education of older people and those who are retired from full time work by all means, including associated activities conducive to learning and personal development. ## B – Activities for Achieving Objectives 1. Held monthly or Zoom meetings for the entire membership at which invited people delivered talks on topical and educational subjects. 2. Operated 44 Interest Groups covering such topics as walks, languages, bridge, outings, theatre visits etc. 3. Continued to develop the website to promote the organisation’s activities and provide access to monthly news information and Interest Group activities. 4. Maintained the membership at over 1,000. -2- ## MILL HILL U3A ## TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023 CONTD In carrying out these activities, the Trustees have had full regard to the guidance issued by the Charities Commission on public benefit and that of the Third Age Trust. The entire operation of MHU3A relies upon the dedicated contributions made by members acting wholly on a voluntary basis. ## Achievements and Performance ## A – Going Concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing financial statements. ## B – Review of Activities 1. Provided a U3A for over 1,000 retired and semi-retired residents of Mill Hill, London NW7 and surrounding areas. 2. Provided educational and informative talks for members attending the monthly or Zoom meetings. 3. Provided Interest Groups for members covering a wide range of recreational and educational activities. 4. Provided news and information to all members about it and the wider U3A movement’s activities. 5. Enabled members, often isolated people, to make new friends and acquaintances and to participate more in the local community. ## C – Investment Policy and Performance ## Financial review The Accounts are set out on pages 6-8. ## D – Reserves Policy The Trustees aim to hold about 12 months annual expenditure in reserves. ## Funds The principal source of funds is membership subscriptions. ## Trustees' Responsibilities Statement The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing these financial statements, the Trustees are required to: -3- MILL HILL U3A TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022 CONTD - select suitable accounting policies and then apply them consistently. - make judgments and accounting estimates that are reasonable and prudent; and - prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the Trustees on 11 October 2023 and signed on their behalf by: June D Burton June Burton (Oct 11, 2023, 3:22pm) June Burton Chair 11 October 2023 -4- ## MILL HILL U3A ## INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 MARCH 2023 ## Independent Examiner's Report to the Trustees of Mill Hill U3A I report on the financial statements of the Charity for the year ended 31 March 2023 which are set out on pages 6 to 8. This report is made solely to the Charity's Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. ## Respective Responsibilities of Trustees and Examiner The Charity's Trustees are responsible for the preparation of the financial statements, and they consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed. It is my responsibility to: - examine the financial statements under section 145 of the Act; - follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Act; and - state whether particular matters have come to my attention. ## Basis of Independent Examiner's Report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial statements present a 'true and fair view' and the report is limited to those matters set out in the statement below. ## Independent Examiner's Statement In connection with my examination, no matter has come to my attention: - (1) which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with Section 130 of the Act; and - to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Act - have not been met; or - (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. JERRY MICHAEL FCCA, FCA BAGINSKY COHEN CHARTERED ACCOUNTANTS 930 HIGH ROAD LONDON N12 9RT Jerr Michael y Jerry Michael (Oct 11, 2023, 3:27pm) 11 October 2023 -5- ## MILL HILL U3A INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 |Income
General Funds
£
Membership Subscriptions
16,053
Gift Aid claimable
2,590
Group Income
-
Other Income
606
Bank Interest
7
Total receipts
19,256
Expenditure
Accountancy
900
Bank charges
684
Beacon costs
997
Capitation fees
3,468
Equipment
652
Group expenses
-
Printing, postage and stationery
714
Promotion
262
Refreshments
195
Room hire
2,678
Speaker costs
728
Subscription to Third Age Matters
2,636
Sundry
228
Technical & other support
1,122
Telephone
91
Website costs
435
Xmas Event
193
Zoom costs
120

Total payments
16,103
Surplus/(deficit) for year
3,153
Funds at 1 April 2022
21,927
Funds at 31 March 2023
25,080|Groups
£
-
-
36,384
-
-
36,384
-
-
-
-
-
30,774
-
-
-
-
-
-
405
-
-
-
-
-

31,179
5,205
2,664
7,869|2023
£
Total
16,053
2,590
36,384
606
7
55,640
900
684
997
3,468
652
30,774
714
262
195
2,678
728
2,636
633
1,122
91
435
193
120

47,282
8,358
24,591
32,949|2022
£
Total
7,913
1,233
8,954
-
9
18,109
900
40
971
3,024
-
8,970
688
166
-
583
940
2,422
-
310
95
435
799
520
20,863
(2,754)
27,345
24,591| |---|---|---|---| -6- ## MILL HILL U3A ## BALANCE SHEET AS AT 31 MARCH 2023 |General Funds
£
Current Assets
Cash at bank
37,125
Cash float
-
Prepayments
-
Other debtors
105
Gift Aid claimable
2,590
Total Assets
39,820
Current liabilities
Creditors
-
Subscriptions paid in advance
Total current liabilities
14,740
14,740

Net assets
25,080
Charity Funds
Unrestricted Funds
25,080|Groups
£
12,180
169
2,449
-
-
14,798
6,929
-
6,929

7,869
7,869|2023
£
Total
49,305
169
2,449
105
2,590
54,618
6,929
14,740
21,669

32,949
32,949|2022
£
Total
40,629
162
300
-
1,233
42,324
5,426
12,307
17,733
24,591
24,591| |---|---|---|---| ||


||| The financial statements were approved by the Trustees on 11 October 2023 and signed on their behalf by: ## June D Burton June Burton (Oct 11, 2023, 3:22pm) June Burton Chair ## Warren Starr Warren Starr (Oct 11, 2023, 11:32am) Warren Starr Treasurer -7- ## MILL HILL U3A NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 MARCH 2023 1. Accounting policies Basis of preparation of financial statements The financial statements have been prepared under the accruals basis. Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. It is the aim of the committee to hold approximately twelve months’ expenditure in hand to cover requirements. -8- ## **Issuer** Baginsky Cohen **Document generated** Tue, 10th Oct 2023 13:39:50 UTC **Document fingerprint** 157cb1b3b98f08faa9f1475dee655a7e ## **Parties involved with this document** ## **Document processed** ## **Party + Fingerprint** Wed, 11th Oct 2023 11:32:50 UTC Wed, 11th Oct 2023 15:22:43 UTC Wed, 11th Oct 2023 15:27:51 UTC Warren Starr - Signer (69e3b34530fcea1ee14b1f84cd845fd2) June Burton - Signer (afad0fa13165f1448018e8fed2de392a) Jerry Michael - Signer (ad67b0fa1ae9a0dec7a3806472b7ecd6) ## **Audit history log** ## **Date** ## **Action** Wed, 11th Oct 2023 15:27:52 UTC Wed, 11th Oct 2023 15:27:51 UTC Wed, 11th Oct 2023 15:27:51 UTC Wed, 11th Oct 2023 15:27:39 UTC Wed, 11th Oct 2023 15:27:36 UTC Wed, 11th Oct 2023 15:22:43 UTC Wed, 11th Oct 2023 15:22:43 UTC Wed, 11th Oct 2023 15:22:43 UTC Wed, 11th Oct 2023 15:22:43 UTC Wed, 11th Oct 2023 15:21:05 UTC Wed, 11th Oct 2023 15:20:35 UTC Wed, 11th Oct 2023 15:18:19 UTC Wed, 11th Oct 2023 15:18:19 UTC Wed, 11th Oct 2023 12:44:16 UTC Wed, 11th Oct 2023 12:14:37 UTC Wed, 11th Oct 2023 11:32:51 UTC Wed, 11th Oct 2023 11:32:50 UTC Wed, 11th Oct 2023 11:32:50 UTC Jerry Michael viewed the envelope. (86.18.82.165) This envelope has been signed by all parties (86.18.82.165) Jerry Michael signed the envelope (86.18.82.165) Jerry Michael viewed the envelope. (86.18.82.165) Jerry Michael opened the document email. (172.226.0.4) June Burton viewed the envelope. (84.71.154.130) Document emailed to jerry@baginskycohen.com (18.170.115.32) Sent the envelope to Jerry Michael (jerry@baginskycohen.com) for signing (84.71.154.130) June Burton signed the envelope (84.71.154.130) June Burton viewed the envelope. (84.71.154.130) June Burton opened the document email. (87.248.116.146) June Burton opened the document email. (84.71.154.130) June Burton opened the document email. (84.71.154.130) Warren Starr opened the document email. (104.28.131.74) Warren Starr opened the document email. (172.226.114.13) Warren Starr viewed the envelope. (51.183.92.89) Document emailed to jdburton2000@yahoo.com (35.177.229.86) Sent the envelope to June Burton (jdburton2000@yahoo.com) for signing (51.183.92.89) Wed, 11th Oct 2023 11:32:50 UTC Warren Starr signed the envelope (51.183.92.89) Wed, 11th Oct 2023 11:30:33 UTC Warren Starr viewed the envelope. (51.183.92.89) Tue, 10th Oct 2023 13:42:20 UTC Document emailed to warren@forensicfca.com (18.133.222.84) Tue, 10th Oct 2023 13:42:20 UTC Sent the envelope to Warren Starr (warren@forensicfca.com) for signing (81.136.155.225) Tue, 10th Oct 2023 13:41:08 UTC Jerry Michael has been assigned to this envelope (81.136.155.225) Tue, 10th Oct 2023 13:41:08 UTC June Burton has been assigned to this envelope (81.136.155.225) Tue, 10th Oct 2023 13:41:08 UTC Warren Starr has been assigned to this envelope (81.136.155.225) Tue, 10th Oct 2023 13:40:39 UTC Document generated with fingerprint 388125480a5f277600a0352369ea79b0 (81.136.155.225) Tue, 10th Oct 2023 13:40:31 UTC Document generated with fingerprint 157cb1b3b98f08faa9f1475dee655a7e (81.136.155.225) Tue, 10th Oct 2023 13:39:50 UTC Envelope generated by Alison Milne (81.136.155.225)