**TREASURER’S REPORT FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025**
Another good year for Westerham u3a which again leaves us in an excellent financial position.
## **INCOME**
The first income to mention is **Lottery Monies.** Due to the hard work put in to our presentation for funding by Tony Pearson, we were allocated £2,800 to be used towards the wellbeing of members. This sum has to be used within two years and an itemised list with receipts has to be provided showing how it was used.
Under **Grant/Donations** we received £522 from Riviera Travel as a result of holidays booked through them by members.
The income from **Open Meetings and Coffee Mornings** has also increased again this year due to the notable rise in numbers attending our monthly meetings.
There have been a lot more theatre trips and other outings accounting for the large increase in the income of **Outings/Visits.** Yet again you will also notice that the amount of Bank Interest received was also over 50% more than the previous year. See Balance Sheet & Reserves below. **Subscriptions** remained relatively the same as the previous year.
## **EXPENDITURE**
**Hall Hire** does not appear to have increased greatly on last year as a result of using the Lottery Monies for special events such as the Wellbeing Afternoon in March and subsidising the Line Dancing Group. Westerham Hall Management have increased their fees for using the Hall and each interest group using the Hall is expected to decide the amount the members of their group contribute to cover the cost of each use. The amount paid by members for the Monthly Meeting remains at £2.
The only expenditure this year on **Equipment** was on a new headset microphone for use by our speakers. We are anticipating buying a red laser pointer and a Bluetooth microphone.
The amount paid to **Speakers** has again increased due to their charges increasing but the committee and especially the Speaker Secretary try to ensure we have excellent speakers. Inevitably this sum will increase in the next financial year.
The amount paid out for **Outings/Visits** is far more than last year but, as explained above, there have been more outings this year.
## **SUMMARY**
We account on a cash rather than accruals basis with the result that income may be received in one financial year and spent in the next one (ie Outings). This timing difference distorts the income surplus and the levels of reserves.
## **BALANCE SHEET & RESERVES**
**Accommodation Account.** As mentioned in previous reports, this account is a Deposit Account and the monies collected have been left to accrue interest instead of being transferred to the Current Account to pay the monthly invoices for the Hall’s use although certain uses have been set against the Lottery Monies. Westerham Hall Management have increased their fees for using the Hall and each interest group using the Hall is expected to decide the amount the members of their group contribute to cover the cost of each use.
**Outings Account.** As mentioned in last year’s report, only a nominal amount is held in this account to ensure, once payments have been made, that the balance does not go to zero. So, although the Outings Account is included in the Balance Sheet, the monies cannot be included in **Reserves.** This also applies to the balance of the Lottery Grant, which, if unutilised, would have to be returned at the end of the two year project. An adjusted figure for Reserves would be £14,215.
I hope that all members will continue to support Westerham u3a to do so that we all can continue to enjoy its many benefits.
Anita Perrett Treasurer
## **WESTERHAM U3A - Income & Expenditure Statement for the year ending 31 March 2025**
|**INCOME**
Subscriptons
Open Meetng/Cofee Morning donatons
Grant/Donatons
Gif Aid
Lotery monies
Sundry Income - June Open Day
Sundry Income - August 10th Anniversary Tea
Sundry Income - Quiz Afernoon
Xmas Lunch income
Bank Interest
Outngs/Visits
Hall Hire - Group contributons
**EXPENDITURE**
Hall Hire
Equipment
Speakers
Open Meetng/Cofee Morning Expenses
Third Age Trust Membership
Third Age Trust Magazine
Beacon
Print/Postage/Statonery
Bankline
Group & Study Day Expenses
Website
Travel & U3A Meetngs
Expenses against Lotery monies
Sundry Expenses
Exceptonal Expenses
Expenses - June Open Day
Expenses - August 10th Anniversary Tea
Xmas Lunch Expenses
Outngs/Visits
Income over Expenditure|**2025**
**£**
7,429
2,228
522
0
2,800
-
-
84
3,468
153
21,113
6,827
**44,624**
6,466
28
868
557
1,460
650
388
319
301
192
129
0
1,001
56
50
-
-
3,338
19,505
**35,308**
**9,316**|**2024**
**£**
7,245
1,734
317
981
-
355
1,370
-
2,973
71
13,915
4,544
**33,503**
6,101
40
691
601
1,312
818
351
222
292
70
57
30
-
6
50
154
1,523
2,899
16,013
**31,232**
**2,272**|**2024**
**£**
7,245
1,734
317
981
-
355
1,370
-
2,973
71
13,915
4,544
**33,503**
6,101
40
691
601
1,312
818
351
222
292
70
57
30
-
6
50
154
1,523
2,899
16,013
**31,232**
**2,272**|
|---|---|---|---|
||||**2,272**|
|**BALANCE SHEET**
Current Account
Accommodaton Account
Outngs Account
Reserve Account
Pety Cash
Current Assets
**RESERVES**
Brought forward
Surplus/Defcit
Carried Forward|1,280
12,307
2,460
2,281
147
**18,475**
9,159
9,316
**18,475**|557
5,353
810
2,250
189
**9,159**
6,887
2,272
**9,159**||
This statement of Income and Expenditure has been prepared from the records held and reconciled to the bank accounts. I confirm there are no significant future liabilities over and above those that arise from ongoing activities.
Anita Perrett, Treasurer
I confirm that I have examined the records and that this financial statement is a true and accurate reflection of the financial position as at 31 March 2025
This statement of Income and Expenditure has beÈn prÈpared from thÈ records held and retontiled to the bank
accounts. I confirm thÈre are no significant future liabilities over and abovÈ thosÈ that arise from ongoin8 aCtivitiÈs.
Anita Perrett. TrÈasurer
I Confirm that I have ÈxaminÈd the records and that this financial statement
is a true and accurate reflection of thÈ financial position as at 31 March 2025