2024-03-31-accounts

To

Trustees' Annual Report for the period Period start date Period end date 1st APRIL 2023 31st March 2024

From

Section A Reference and administration details

Charity name Other names charity is known by Registered charity number (if any) Charity's principal address	Sawbridgeworth u3a	Sawbridgeworth u3a
	1173937
	1 Seymour Mews
	Sawbridgeworth
	Postcode	CM21 0BD

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole **year **	Name of person (or body) entitled to appoint trustee (ifany)
	Gill Sewell	Chairperson
	Carol Dixson Smith	DeputyChairperson
	PhillipSimmons	Treasurer
	John Dickenson		1 April 23 to 1 Nov 23
	Derek Piercy
	Maxine Tilly	Secretary
	Margaret Giles
	Alan Goodman
	Neil Munro		1Nov 23 to 31 March 24
	Barrie Lazarus		1 April 23 to 12 May23
			1 Nov 23 to 31 March 24

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

TAR

March 2012

1

Names and addresses of advisers (Optional information) Type of adviser Name Address	Names and addresses of advisers (Optional information) Type of adviser Name Address	Names and addresses of advisers (Optional information) Type of adviser Name Address
Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Constitution

Type of governing document (eg. trust deed, constitution) Trust How the charity is constituted

• (eg. trust, association, company)

Elected by Members Trustee selection methods

• (eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

We are affiliated to the National Third Age Trust

• policies and procedures adopted for the induction and training of trustees;

• the charity’s organisational structure and any wider network with which the charity works;

• relationship with any related parties;

• trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document

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, in Sawbridgeworth and its surrounding locality.

TAR

March 2012

2

Running over 30 interest and self- learning groups covering all aspects of educational subjects and visits to places of interest and enjoyment specific to the third age generation to educate and enlighten. Providing speakers on a variety of topics and interest at our monthly meetings to enhance members perspectives on these issues.

The Trustees declare that they have had regard to the Charity Commission public benefit guidance when exercising any power or duties to which the guidance is relevant.

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

• policy on grantmaking;

• policy programme related investment;

• contribution made by volunteers.

TAR

March 2012

3

Section D Achievements and performance

Summary of the main achievements of the charity during the year

During the period under review the Trustees and members of the charily have continued to be well supported by the members whose numbers are maintained at around 420. We have had a full year of activities. Thanks to our hard-working team the hall is full for our General Meetings where we have entertained speakers ranging from a talk about Cyber Security to hearing about the life and career of William Morris Our interest groups continue to function well. Although we have reduced activities a solid core of them continue to grow and several new walking groups have been introduced during the year. New members are being attracted on a regular basis and enthusiasm is being maintained.

Early in the year a visit to Holland planned before shutdown was undertaken. A group of members travelled to Utrecht and during the long weekend visited the Keukenhof Gardens, took a guided boat tour around Utrecht and visited The Hague. There was a morning in Bruges during the return journey. We were lucky to have this opportunity through our membership of the u3a.

TAR

March 2012

4

Section E Financial review

Our Target Reserves are based on twelve months on any expenditure Brief statement of the with an annual commitment plus six months on any other revenue charity’s policy on reserves expenditure.

Details of any funds materially in deficit

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

• the charity’s principal sources of funds (including any fundraising);

• how expenditure has supported the key objectives of the charity;

• investment policy and objectives including any ethical investment policy adopted.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)

G Sewell

Full name(s) Gillian Sewell Position (eg Secretary, Chair, Chairperson etc)

Date 3rd May 2024

TAR

March 2012

5

- Sawbridgeworth U3A Charity Number 1173937 Income and Expenditure Account for the year ended 31st March 2024

	Notes	General	Groups	Social	Total	Total
		Account		Account		2023
		£	£	£	£	£
Receipts
Membership	1	6597			6597	6355
Gift Aid		378			378	284
Social Events booking	fees,tickets etc.			30169	30169	87023
Groups - Income			4502		4502	3587
Total Income		6975	4502	30169	41646	97249
Payments
Subscription Fee (Third Age Trust)		1680			1680	1712
Meetings
Hall Hire		789			789	615
Speakers		995			995	575
Refreshments		66			66	30
u3a Magazine		1113			1113	1016
u3a Beacon		430			430	376
Zoom		144			144	99
Printing, Postage & Stationery		412			412	146
Cards & Flowers		261			261	188
Presentations		167			167
Miscellaneous		85			85	80
Equipment		0			0	163
Community Event		0			0	176
Social Events Transport & Entrance Fees etc				28499	28499	84780
" Admin Expenses				153	153	236
" Raffle Costs				143	143	146
" Defib Battery & Pads				483	483
Groups - Expenditure			4298		4298	3733
Total Expenditure		6142	4298	29278	39718	94071
Net Income		833	204	891	1928	3178
Retained Income	brought forward	9278	868	5865	16011	12833
Retained Income	carried forward	£10,111	£1,072	£6,756	£17,939	£16,011

Sawbridgeworth U3A- Charity Number 1173937 Balance Sheet As at 31st March 2024 Notes Assets General Account Bank Balance 2 Social Account Bank Balance 3 Social Account Paid in Advance Cash held by Groups Cash in Hand Liabilities Membership fees received in advance Social Account Payments received in advance Net Assets Reserves General Reserves Group Reserves 4 Social Account Reserves Total Reserves	£ £ 15649 15899 15626 574 5 47753 5040 24774 29814 £17,939 10111 1072 6756 £17,939	2023 £ 15240 7572 1963 231 6
		25012
		5325 3676
		9001
		£16,011
		9278 868 5865
		£16,011

Notes to the Accounts

• 1 Membership subscriptions relate to 446 members

• 2 General Bank Balance includes £5040 membership fees received for 2024/2025

• 3 Social Account Bank Balance includes£24774 payments received for future functions and takes into account £15626 paid out for future functions.

• 4 Group Reserves consist of cash held by Groups £574 and £498 held on their behalf in the General Bank Account.

P Simmons Treasurer

Examination of Accounts

I have carried out an examination of the accounts and have received satisfactory explanations on all matters raised.

I consider that the figures shown in the accounts reflect the activities of this organisation for the year ended 31st March 2024 and that the accounts have been maintained in a satisfactory way.

D G Brampton Independent Examiner 7th May 2024

Sawbrid eworth U3A- Cha . Balance Sheet As at 315t Marth 2024 Number 1173937 2023 Notes Assets General Account Bank Balance 15649 IS240 Social Actount Bank Balance 15899 7572 Social Account Paid in Advènce 15626 1963 Cash held by Groups 574 231 Cash in Hand 47753 25012 Liabilities Membership fee5 received in advance 5040 5325 Social Account Payments re￿iVed in advance 24774 3676 29814 £17.939 Net Assets £16,011 Reserves General Reserve5 ioiii 9278 Group ReseT¥e5 1072 Social Account Reserves 6756 5865 Total Reserves £17,939 £16,011 Note5 to the Accounts l Membership Subscript￿n5 relate to 446 me¥nbers 2 General Bank Balance includes £5040 membership fees receNed for 202412025 3 Social Account Bank Balance includes£24714 payments received for future functions and takes into account £15626 paid out for future functions. 4 Group Reserves consist of cash held by Groups £574 and £498 held on their behalf in the Gèneral Bank Account. Treasurer Examlnation ot Accounts I have carried out arF examination of the accounts and have received satisfactory explanations on all matters raised. I consider that the figures shown in the accounts reflect the artivities of thi5 organi5ation for the year ended 31st March 2024 and that the accounts have been maintained in a satisfactory way. Independent Examiner 7th May 2024