TREASURERS FINANCIAL REPORT 2021 - 2022 The accounts of the Saltash u3a have been inspected and were signed off by the auditor, Amanda Learmonth during September 2022. Amanda has not raised any issues with the accounts. I would suggest that you read this report in conjunction with a copy of the Financial Statement and Appendix A. Our membership has slowly increased this year but have not reached pre-covid levels by approximately 100, which has had an impact on our income. There are a number of payments which have to be paid annually to the 3[rd] Age Trust and Fasthost (who provide our website and email accounts) these payments combined, reduce the income the Saltash u3a receive from the membership fee you pay. Individual membership £17.50 – of which Saltash u3a receive £8.11. Joint membership £30.00 - of which Saltash u3a £14.32. For a full breakdown of the payments; see the attached _Membership Breakdown 2021/22_ ## _Price Increases_ At the National 3[rd] Age Trust AGM on 6[th] October, there is a proposal to increase the Membership Subscription rates, by an amount based on the UK's State Pension increase. There are a number of amendments to this proposal, but I anticipate an increase – the last increase was 50p per member. The annual cost of 3[rd] Age Matters Magazine for 2022/23 will be increased to £3.35 for 5 copies. The cost to hire halls/rooms are increasing, speakers at the members social meetings are increasing their fees with some requesting travel expenses. You would have seen from the Financial Statement, that we have quite a good financial buffer. But we can’t keep absorbing the price increases, we may have to consider increasing our membership subscription – **what do you think ???** ## _Main Account_ This is the account used for the main financial running of the Saltash u3a. You will see in the Financial Statement that the total income for the year was £7814.42, with an expenditure of £6926.61 which leaves a surplus of £884.81. But at the time of writing this report I was still wating for a couple invoices, which if received before 31[st] July would have reduced the surplus. The room & hall hire fees for the various activity groups are kept in this account, the funds built up are “ring fenced” for the groups. If you take that amount into consideration, £884.81 - £325.32, the surplus would have been £559.49. Charity No. 1172928 TREASURERS FINANCIAL REPORT 2021 - 2022 ## _Social Account_ This account is used to “hold” money for trips and theatre visits by our activity groups: Discovery & Dine, Garden, Geology, Theatre and Walking. But it can be used by any group that want to organise a self-financing social event. ## _Reserve Account_ As the name suggests; this account holds six month’s general running costs, based upon current levels of expenditure. The amount held in reserve will be reviewed annually. ## _External Funding Account_ Saltash u3a have been awarded grants from: Cornwall Community Grant (Howton Solar Fund) – Publicity Co-Op Local Community Fund – To pay for the transport costs of the Discovery & Dine Trips. Cornwall Community Grant (Cornwall Glass Fund) – To Fund a trip, yet to be decided. These grants are made to support “not for profit” community organisations/projects, the money from these grants are deposited in this account. --------------------------------------------------------------------------------------------------------------------------- If you have any questions regarding the accounts or would like a copy of the account spreadsheets, please contact me at; treasurer@saltashu3a.org.uk I would like to thank you for continuing to support the Saltash u3a, by renewing your membership again this year. Regards ## _Barry Olver_ Honorary Treasurer, Saltash u3a Charity No. 1172928 Saltash u3a Financial Statement 2021 - 2022 ## _**Main Account**_ - Barclays Bank |**_INCOME_**
U3a Subscriptions
Rents: Group Activity's
Refreshments for Members Meetings
Raffle prizes
Miscellaneous: Hall Hire
Third Age Trust: Members U3A Diaries
Donation from Art & Craft Group
PayPal
**_Total Income_**
**_EXPENDITURE_**
_Direct Running Costs_
Rent: Wesley Church(Com. & Members Meetings)
Rent: Saltash Social Club (Members Meetings)
Rent: Shado Centre (Committee Meetings)
Rent: Miscellaneous
Third Age Trust: Copyright Licence
Third Age Trust: Member Subscriptions
Third Age Trust: Direct Mail Scheme
Speaker Donations/Fees
News Letter -_All About_
Committee Expenses
IT Support:- Computer Hardware & Software ***
Beacon Licence 1 Sept. 19 to 31 March 21
Beacon Licence (12 Months)
Other
Other Running costs and Expenses
Pay Pal (Test payment 2021)
Rents: Group Activity's
Refund of Membership Subscriptions.
Accounts Examiner fee
Petty Cash
Printing costs
Miscellaneous: ***
Raffle prizes
AT & I (2018) - Testing Southwest (2019) PAT Testing
Tamar Valley U3A Groups Annual Subscription
Third Age Trust: Members U3A Diaries
Refreshmentsfor Members Meetings
Transferred to Reserve Fund
Note: See ** Appendix A **
TOTAL INCOME
TOTAL EXPENDITURE|**_2021/22_**
£4,411.00
£2,879.82
£69.10
£439.50
£15.00
£0.00
£0.00
£0.00
**£7,814.42**
£231.00
£215.00
£120.00
£15.00
£60.00
£1,020.00
£47.12
£281.00
£217.95
£56.86
£581.50
£0.00
£260.00
£0.00
**£3,105.43**
£0.00
£2,554.50
£30.00
£50.00
£0.00
£35.82
£902.94
£138.93
£25.00
£0.00
£0.00
£86.99
£0.00
**£3,824.18**
**£7,814.42**
**£6,929.61**
**£884.81**|**_2020/21_**
£3,909.50
£266.50
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
**£4,176.00**
£0.00
£0.00
£0.00
£0.00
£60.00
£822.50
£412.30
£0.00
£147.60
£0.00
£603.50
£0.00
£235.00
£0.00
**£2,280.90**
£1.00
£215.00
£12.50
£50.00
£0.00
£46.97
£1,135.48
£0.00
£25.00
£0.00
£0.00
£0.00
£0.00
**£1,485.95**
**£4,176.00**
**£3,766.85**
**£409.15**|**_2019/20_**
£5,247.00
£1,484.41
£189.87
£513.30
£21.00
£41.25
£1.00
£0.01| |---|---|---|---| ||||**£7,497.84**
£815.00
£0.00
£70.00
£21.00
£120.00
£1,130.50
£725.72
£193.00
£374.00
£43.93
£276.00
£527.50
£0.00
£0.00| ||||**£4,296.65**
£0.00
£1,470.06
£60.00
£50.00
£0.00
£36.00
£44.96
£146.47
£25.00
£0.00
£41.25
£116.88
£0.00| ||||**£1,990.62**
**£7,497.84**
**£6,287.27**| ||||**£1,210.57**| Page 1 of 4 Saltash u3a Financial Statement 2021 - 2022 |**_1 Funds at Bank_**
Balance brought forward from previous year
Surplus
Auditors adjustment
BALANCE TO CARRY FORWARD
**_2 Current Assets_**
Equipment
Cash to carry forward (including raffle float)
**_Total Assets (1 + 2)_**
**_Current Liabilities_**
Creditors
Outstanding cheques
**TOTAL ASSETS LESS CURRENT LIABILITES**|**_2021/22_**
£5,945.36
£884.81
£0.00
**£6,830.17**
£1,569.57
£61.50
£1,631.07
£8,461.24
£0.00
£50.00
**£8,411.24**|**_2021/22_**
£5,945.36
£884.81
£0.00
**£6,830.17**
£1,569.57
£61.50
£1,631.07
£8,461.24
£0.00
£50.00
**£8,411.24**|**_2020/21_**
£5,536.21
£409.15
£0.00
**£5,945.36**
£1,245.77
£61.45
£1,307.22
£7,252.58
£0.00
£0.00
**£7,252.58**|**_2020/21_**
£5,536.21
£409.15
£0.00
**£5,945.36**
£1,245.77
£61.45
£1,307.22
£7,252.58
£0.00
£0.00
**£7,252.58**|**_2019/20_**
£4,325.64
£1,210.57
£0.00| |---|---|---|---|---|---| ||||||**£5,536.21**
£1,384.19
£61.45| ||||||£1,445.64| ||||||£6,981.85| ||||||£0.00
£0.00| ||||||**£6,981.85**| ||||||| |**_RESERVE ACCOUNT_**
Balance brought forward
Transferred from Main Account
Transferred from Social Account
Less Expenditure
**_Current Liabilities_**
Creditors
Outstanding cheques
**TOTAL ASSETS LESS CURRENT LIABILITES**|**_2021/22_**
£1,000.00
£0.00
£0.00
£1,000.00
£0.00
£1,000.00||**2020/21**
£700.00
£0.00
£300.00
£1,000.00
£0.00
£1,000.00||**_2019/20_**
£700.00
£0.00
£0.00| ||||||£700.00
£0.00| ||||||£700.00| ||**£1,000.00**||**£1,000.00**||**£700.00**| Page 2 of 4 Saltash u3a Financial Statement 2021 - 2022 |**SOCIAL ACCOUNT**BARCLAYS BANK
Balance brought forward
Income for Group Activity's
Grant from CO-OP Local Community Fund
Less Expenditure for Group Activity's
**_Current Liabilities_**
Creditors
Outstanding cheques
**TOTAL ASSETS LESS CURRENT LIABILITES**|**_2021/22_**
£5,224.54
£9,117.77
£0.00|**2020/21**
£1,871.32
£1,378.00
£2,647.77
£5,897.09
£672.55
£5,224.54
£0.00
£0.00|**2020/21**
£1,871.32
£1,378.00
£2,647.77
£5,897.09
£672.55
£5,224.54
£0.00
£0.00|**_2019/20_**
£441.27
£6,345.07
£1,305.52| |---|---|---|---|---| ||£14,342.31
£13,176.51|||£8,091.86
£6,220.54| ||£1,165.80
£0.00
£0.00|||£1,871.32
£0.00
£0.00| ||**£1,165.80**|**£5,224.54**||**£1,871.32**| |||||| |**EXTERNAL FUNDING ACCOUNT**
BARCLAYS BANK
Balance brought forward
Income
Howton Solar Fund (Cornwall Community)
Co-Op Local Community Fund
Cornwall Glass Fund (Cornwall Community)
Miscellaneous
Less Expenditure
**_Current Liabilities_**
Creditors
Outstanding cheques
**TOTAL ASSETS LESS CURRENT LIABILITES**|**_2021/22_**
£508.40
£0.00
£3,643.74
£1,000.00
£92.77|**2020/21**
£964.00
£0.00
£0.00
£0.00
£92.60
£1,056.60
£548.20
£508.40
£0.00
£0.00||**_2019/20_**
£0.00
£964.00
£0.00
£0.00
£0.00| ||£5,244.91
£1,251.38|||£964.00
£0.00| ||£3,993.53
£0.00
£0.00|||£0.00
£0.00| ||**£3,993.53**|**£508.40**||**£964.00**| Page 3 of 4 Saltash u3a Financial Statement 2021 - 2022 ## **Auditors Statement** Accounts submitted to Auditor by BJ Olver Honorary Treasurer Saltash U3A Signed _BJ Olver_ BJ Olver Date 11th August 2022 I certify that I have examined the above accounts and this is a true record. Signed … A J Le ………….......................... Date 26 SEPT 2022 Print … `AMANDA JANE LEARMONTH` …… Page 4 of 4 Saltash u3a Financial Statement 2021 - 2022 ## _**Main Account**_ - Barclays Bank |**_INCOME_**
U3a Subscriptions
Rents: Group Activity's
Refreshments for Members Meetings
Raffle prizes
Miscellaneous: Hall Hire
Third Age Trust: Members U3A Diaries
Donation from Art & Craft Group
PayPal
**_Total Income_**
**_EXPENDITURE_**
_Direct Running Costs_
Rent: Wesley Church(Com. & Members Meetings)
Rent: Saltash Social Club (Members Meetings)
Rent: Shado Centre (Committee Meetings)
Rent: Miscellaneous
Third Age Trust: Copyright Licence
Third Age Trust: Member Subscriptions
Third Age Trust: Direct Mail Scheme
Speaker Donations/Fees
News Letter -_All About_
Committee Expenses
IT Support:- Computer Hardware & Software ***
Beacon Licence 1 Sept. 19 to 31 March 21
Beacon Licence (12 Months)
Other
Other Running costs and Expenses
Pay Pal (Test payment 2021)
Rents: Group Activity's
Refund of Membership Subscriptions.
Accounts Examiner fee
Petty Cash
Printing costs
Miscellaneous: ***
Raffle prizes
AT & I (2018) - Testing Southwest (2019) PAT Testing
Tamar Valley U3A Groups Annual Subscription
Third Age Trust: Members U3A Diaries
Refreshmentsfor Members Meetings
Transferred to Reserve Fund
Note: See ** Appendix A **
TOTAL INCOME
TOTAL EXPENDITURE|**_2021/22_**
£4,411.00
£2,879.82
£69.10
£439.50
£15.00
£0.00
£0.00
£0.00
**£7,814.42**
£231.00
£215.00
£120.00
£15.00
£60.00
£1,020.00
£47.12
£281.00
£217.95
£56.86
£581.50
£0.00
£260.00
£0.00
**£3,105.43**
£0.00
£2,554.50
£30.00
£50.00
£0.00
£35.82
£902.94
£138.93
£25.00
£0.00
£0.00
£86.99
£0.00
**£3,824.18**
**£7,814.42**
**£6,929.61**
**£884.81**|**_2020/21_**
£3,909.50
£266.50
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
**£4,176.00**
£0.00
£0.00
£0.00
£0.00
£60.00
£822.50
£412.30
£0.00
£147.60
£0.00
£603.50
£0.00
£235.00
£0.00
**£2,280.90**
£1.00
£215.00
£12.50
£50.00
£0.00
£46.97
£1,135.48
£0.00
£25.00
£0.00
£0.00
£0.00
£0.00
**£1,485.95**
**£4,176.00**
**£3,766.85**
**£409.15**|**_2019/20_**
£5,247.00
£1,484.41
£189.87
£513.30
£21.00
£41.25
£1.00
£0.01| |---|---|---|---| ||||**£7,497.84**
£815.00
£0.00
£70.00
£21.00
£120.00
£1,130.50
£725.72
£193.00
£374.00
£43.93
£276.00
£527.50
£0.00
£0.00| ||||**£4,296.65**
£0.00
£1,470.06
£60.00
£50.00
£0.00
£36.00
£44.96
£146.47
£25.00
£0.00
£41.25
£116.88
£0.00| ||||**£1,990.62**
**£7,497.84**
**£6,287.27**| ||||**£1,210.57**| Page 1 of 4 Saltash u3a Financial Statement 2021 - 2022 |**_1 Funds at Bank_**
Balance brought forward from previous year
Surplus
Auditors adjustment
BALANCE TO CARRY FORWARD
**_2 Current Assets_**
Equipment
Cash to carry forward (including raffle float)
**_Total Assets (1 + 2)_**
**_Current Liabilities_**
Creditors
Outstanding cheques
**TOTAL ASSETS LESS CURRENT LIABILITES**|**_2021/22_**
£5,945.36
£884.81
£0.00
**£6,830.17**
£1,569.57
£61.50
£1,631.07
£8,461.24
£0.00
£50.00
**£8,411.24**|**_2021/22_**
£5,945.36
£884.81
£0.00
**£6,830.17**
£1,569.57
£61.50
£1,631.07
£8,461.24
£0.00
£50.00
**£8,411.24**|**_2020/21_**
£5,536.21
£409.15
£0.00
**£5,945.36**
£1,245.77
£61.45
£1,307.22
£7,252.58
£0.00
£0.00
**£7,252.58**|**_2020/21_**
£5,536.21
£409.15
£0.00
**£5,945.36**
£1,245.77
£61.45
£1,307.22
£7,252.58
£0.00
£0.00
**£7,252.58**|**_2019/20_**
£4,325.64
£1,210.57
£0.00| |---|---|---|---|---|---| ||||||**£5,536.21**
£1,384.19
£61.45| ||||||£1,445.64| ||||||£6,981.85| ||||||£0.00
£0.00| ||||||**£6,981.85**| ||||||| |**_RESERVE ACCOUNT_**
Balance brought forward
Transferred from Main Account
Transferred from Social Account
Less Expenditure
**_Current Liabilities_**
Creditors
Outstanding cheques
**TOTAL ASSETS LESS CURRENT LIABILITES**|**_2021/22_**
£1,000.00
£0.00
£0.00
£1,000.00
£0.00
£1,000.00||**2020/21**
£700.00
£0.00
£300.00
£1,000.00
£0.00
£1,000.00||**_2019/20_**
£700.00
£0.00
£0.00| ||||||£700.00
£0.00| ||||||£700.00| ||**£1,000.00**||**£1,000.00**||**£700.00**| Page 2 of 4 Saltash u3a Financial Statement 2021 - 2022 |**SOCIAL ACCOUNT**BARCLAYS BANK
Balance brought forward
Income for Group Activity's
Grant from CO-OP Local Community Fund
Less Expenditure for Group Activity's
**_Current Liabilities_**
Creditors
Outstanding cheques
**TOTAL ASSETS LESS CURRENT LIABILITES**|**_2021/22_**
£5,224.54
£9,117.77
£0.00|**2020/21**
£1,871.32
£1,378.00
£2,647.77
£5,897.09
£672.55
£5,224.54
£0.00
£0.00|**2020/21**
£1,871.32
£1,378.00
£2,647.77
£5,897.09
£672.55
£5,224.54
£0.00
£0.00|**_2019/20_**
£441.27
£6,345.07
£1,305.52| |---|---|---|---|---| ||£14,342.31
£13,176.51|||£8,091.86
£6,220.54| ||£1,165.80
£0.00
£0.00|||£1,871.32
£0.00
£0.00| ||**£1,165.80**|**£5,224.54**||**£1,871.32**| |||||| |**EXTERNAL FUNDING ACCOUNT**
BARCLAYS BANK
Balance brought forward
Income
Howton Solar Fund (Cornwall Community)
Co-Op Local Community Fund
Cornwall Glass Fund (Cornwall Community)
Miscellaneous
Less Expenditure
**_Current Liabilities_**
Creditors
Outstanding cheques
**TOTAL ASSETS LESS CURRENT LIABILITES**|**_2021/22_**
£508.40
£0.00
£3,643.74
£1,000.00
£92.77|**2020/21**
£964.00
£0.00
£0.00
£0.00
£92.60
£1,056.60
£548.20
£508.40
£0.00
£0.00||**_2019/20_**
£0.00
£964.00
£0.00
£0.00
£0.00| ||£5,244.91
£1,251.38|||£964.00
£0.00| ||£3,993.53
£0.00
£0.00|||£0.00
£0.00| ||**£3,993.53**|**£508.40**||**£964.00**| Page 3 of 4 Saltash u3a Financial Statement 2021 - 2022 ## **Auditors Statement** Accounts submitted to Auditor by BJ Olver Honorary Treasurer Saltash U3A Signed _BJ Olver_ BJ Olver Date 11th August 2022 I certify that I have examined the above accounts and this is a true record. Signed … A J Le ………….......................... Date 26 SEPT 2022 Print … `AMANDA JANE LEARMONTH` …… Page 4 of 4