Registered Charity number I19￿93
Harborough Welland U3A
Report of the Trustees and
Flnanclal Statements
For the year ended 31 December 2024

Harborough Welland U3A
Financlal Ststements
For the year ended 31 De￿rnber 2024
Contents
Pa8e
Legal and Administrative details
Report of the Trustees
Independent Examinerf5 report
Statement of Flnancial Activities
Balance Sheet
Notes to the Financial Statements
Detailed Statement of Financlal Activities
13

Harborough Welland U3A
Legal and Admlnistratlve details
For the year ended 31 December 2024
Reglstered Charfty number
1198093
Prindpal address
46 Bath street
Market Harborough
Leitestershire LE16 9EL
Trnstees
Mr D I Webb: Chair
Mrs M L Elsome: Vice Chair
Mrj Horton.. Vlce Chair
MrA West.. Treasurer (resigned 25.3.24)
Mr5 C L Heaton- Treasurer (appointed 25.3.241
Mr5 P M C05tall- Secretary
Mrs L Reed
Mrs E Brett
Mr R Davison
Bankers
HSBC
2-6 Gallowtree Gate
Leicester
Leicestershire LEI IDA
Independent Examiner
Mr P Simpson
TaxAssist Accountants
Myriad House
114 St Marfs Road
Market Harborough
Leicestershire LE16 7DX

Harborough Welland U3A
Report of the Trustees
For the year ended 31 December 2024
The trustees present their report together with the financial statements of the charity for the year
ended 31 December 2024. The trustees have adopted the provisions ofAccountin8 and Reporting bv
Charities: Staternent of Recommended Practice applicable to charities preparingtheir accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021
{effective l January 20191.
OBJEcfivES AND AcllviTIES
Charltable purpose
The advancement of education, and in particular the education of older people and those retired from
full time work, by all means including associated activities conducive to learning and personal
development in Market Harborough and surrounding areas.
Significant artlvltles
The main focus of activities is through special interest groups set up by members coverin8 a wide ran8e
of topics and activities: by the members, for the members. Attivities are as diverse as arts, sports and
recreation, music, history, foreign languages, current affair5 and wine tasting. Social activities are also
organised, Including trips to places of interest, and gardens open to the public. Educational development
is thereby malntalned.
Public beneflt
The trustees have had regard to the guidance issued by the Charlty Commlsslon on publlc benefit and
have done so in the continued operation of activities.
ACHIEVEMENT AND PERFORMANCE
2024 has been another successful year for Harborou8h Welland u3a.
The Membership continues to grow with 201 new Member5 joining during the year and a total
Membershlp at the end of the year of 118412023.. 11381. The number of Groups available has remained
atjust over 80, with several more being added atthe beginning of 2025.
Hwu3a holds two Monthly Meetings, the first on the second Monday of the Month, where we invite a
Guest Speaker on various subjects. The other meeting held on the fourth Monday of the Month is a
Coffee MorninpJGet Together where Group Coordinators provide the members with Information on
their Group's activitles.
We organise regular day trips to differentvenues and destlnation5 in England and an annual weekly
holiday. These are very well supported with the holiday often being over subscribed. The Garden Group
also organises visits to various outstsnding gardens during the sprIn￿suMmer months.
HWu3a issues a Monthly Magazine in both a printed version of 12 pages and an extended onllne edition
of up to 28 pages. The printed copy. as well as being available at the two Monthly Meetings, is also
distributed to two local Ilbraries and a coffee shop and book shop in Market Harborough. In addition to
our Website we also operate a Facebook page, which is updated continually. and videos are regularly
posted on our YouTube page, including our Group Coordinators describing the activities of their Group.
The Publicity Officer submits regular articles for both our local Paper and Community Radio Station.

Harborough Welland U3A
Report of the Trustees
For the year ended 31 December 2024
ACHIEVEMENT AND PERFORMANCE {Continued)
We have eight Trustees on our Committee including myself, plus a dedlcated Support Team. who
undertake a number of non-committee duties. I would like totake this opportunityto thank the
Trustees and the Support Team, plus the Group Coof dinators for all their hard work during the year,
which has all added to the success and 8rovrth of Harborough Welland u3a during 2024.
FINANCIAL REVIEW
The net surplus on income and expenditure for the year was £3,39312023: £689), an increase of £2,71yI.
The main reasons for the increase against last year are as follows".
Membership fee income and Glft Ald
There was an increase in membership income to £12,69412023: £11,290) due to both an increase in
member levels, both full and a550ciate, to 1,18412023.. 1,138) and an Increase In the annual full
membership fee from £10 to £11. Gift Aid received amounted to £1,77612023: £1,531) relatingto 672
{2023: 6021 rnembers.
Thinl Age Mattets Ma8azlne
In 2023 the ma8azlne was funded by HWu3a, but for 2024 members have paid forthe magazine
themselves. This has resulted in reduced costs of approx. £2,600.
A refund due from the Third Age Trust for an overcharge of magazines in 2023 was underprovided for in
the accounts, resulting in a gain to this year's figures of £367.
HWu3a general meetings
Meetings are held twice a month, one a coffee get-together and one a speaker meeting. Towards the
end of 2023 a £1 charge was introduced for attendance at the speaker meeting to contribute towards
the speakerfs expenses. This has been effertNe throughout 2024.
Hall hire charges for the meetings increased by IO% In 2024. and also additional rooms were sometimes
Used for the get-together meetin&£.
Bank Interest Received
An HSBC Money Manager Savings Account was opened in June 2024. Interest received has averaged £45
per month, totallins £31612023., £nil).
Equipment Purchased
All equipment purchased is written off as expenditure in the year of purchase. During 2024 purchases
were made totalling £1,484 and a piano was sold for £250, givlng a net cost of £1,23412023: £1241.
Equipment added to the Fixed Asset Register totalled £1,133.
The purchases related to a microphone for use at meetin85 and a replacement flagpole, and also funds
provided to group5 for equlpment (see Rese￿e5 poliLry below) including for canasta cards, a bicycle
electric conversion klt, a big letter SCT3bble board, mahjong equipment, quiltin8 wadding and uniforms
for the ukulele group.

Harborou8h Welland U3A
Report of the Trustees
For the year ended 31 December 2024
Interest groups and soclal trlps
Group activities and social trips are Self-￿nded and alm to just cover their cost5. Small surpluses may
arise on individual groups, which are ring fenced in the accounts and designated for their future use.
The retained surplus on groups, designated funds at the end of the year wès £5,11612023: £5,763).
Any surpluses on the social trip5 are released into general funds as sundry income, and any losses will be
covered out of general ￿nds. Also, any balances on groups that have closed during the year are
transferred into sundry income. During 2024 this amounted to £1,06912023: £nill,
The number of groups and social trips ha5 remained constant at just over 80, with a small number
closin8 but replaced by new group5. Of the 82 groups in 2024. approximately 35 involve no finandal
transattlons: such as walking 8roups, and groups that meet in mernbers, homes or local coffee shops.
The groups (includin8 social trips) that do incur monetary transactions have generated £44,81412023:
£51,936) of income, with costs of £45,46112023= £49.735). The reduttion in both income and
expenditure in 2024 is due mainly to a reduced number of social trlps from 6 In 2023 to 4 in 2024, and
lower costs incurred for the Garden trips.
Reserves Pollcy
During the year the trustees agreed to change the reserves policy to maintain reserves at a minimum of
12 months of regular operating artivity, previously a minimum of 6 rnonths. To utilise some of the
excess reserves held, during the year the Committee offered funding assistance to Groups whid)
resulted in an uptake of £1.094. Reserves currently cover 21 month5, and it has been agreed that
requests for fvndin8 for equipment or special events will continue to be considered.
Additionally, a financial forecast has been prepared which supports a decision made by the Trustees to
extend the current membership period from l January 2025 to 31 May 2026 for no further charge.
Thereafterthe annual membership will run for twelve months from l June to 31 May. This will benefit
all members. and the Trustees consider this a good use of some of the exce55 reserves held.
sTrucruRE. GOVERNANCE AND MANAGEMENT
Governlng 00￿ment
The charity 15 controlled by its document of Constitution, an unincorporated members, association, and
a member ofthe Third Age Trust,
Recruitment and appointment of new trustees
The recruitment and appointment of new trustees is by electlon of members / co-optlng onto the
executive committee.
Declslon maklng and or8anisatlonal structure
Decision making on routlne matters is undertaken by the executive committee. More substantial
matters are discussed bythe executive committee (the trustees) and offered for agreement to a general
meeting of members.
The executlve committee is usually elerted at the AGM and positions are open to all members and
subject to restrirtions 85 stated in clause 17 of the charitys constitution.

Harborough Welland U3A
Report of the Trustee5
For the year ended 31 December 2024
Rlsk Mana8ement
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure
appropriate controls are in place to provide reasonable assurance against fraud and error.
STATEMENT OF TRusfEES RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and Financial Statements in
accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally
Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity {Accounts and
Reports) Regulations 2008 and the provisions of the trust deed 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 incomin8 resources and application of resourtes. including the income and expenditure, of
the charity for that period. In preparing those financial statements, the trustees are required to:
Selett suitable accounting policies and then apply them consistently
Observe the methods and principles in the Charity SORP
Make judgements and estimate5 that are reasonable and prudent
Prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charity wi15 continue in busines5.
The trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the charity and to enable them to ensure that the financial
statements comply with the Charities Act 2011, the Charffcy (Accounts and Reports) Re8ulations 2008
and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity
by taking reasonable steps for the prevention and detection of fraud, rnisappropriation and other
irregulartties.
Approved by order of the board of trustees on 14 March 2025 and signed on its behalf by:
lan Webb- Cha

CHARIIY COMMISSION I Independent examinerfs report on the
I FOR ENGLAND AND WALES
accounts
Section A
Independent Examiner's Report
Report to tho trustses
Harborough Welland U3A
On accounts for the year
ended
31$1 De￿rnber 2024
Charity no
(if any)
1198093
Set out on pages
I report to the trustees on my examination of the accounts of the above
charity ('the Trust.) for the year ended 3111212024.
Re3ponslbllltle8 and
basis of report
As the charlty's trustees, you are responsible for the preparation of the
accounts in accordance with the requirements of the char￿lieS Act 2011
{'the Act°}
I rèport in rèspect of my examination of the Trust's accounts carried out
under section 145 of the 2011 Act and in carrying out my examination, I
have followed all thé applicable Directions gtven by the Charity Commission
under section 145151{b} of the Acl.
Independent I have completed my exarnination l confim that no rnaterial matters have
èxamlnerfs statsment come to my attention in connection with the examination which gives me
cause to telieve that in, any material re5pect=
the accounting records were not kept in accordanGe with section 130
of the Charities Act., or
the accounts did not accord with the accounting records" or
the accounts did not comply with the applicable requirements
¢onc6ming the form and content of accounts sel out in the Charitles
{Accounls and Reports) Regulations 2008 other than any requirement
Ihat the accounts give a Irue and fairf view which 18 not a matter
consi
red as part of an independent examination.
ncerns and have come across no other matters in connection
amination to which attention should be drawn in this report in
nable a proper understanding of the accounts to be reached.
Iha
lo
Signod:
Date:
61h March 2025
Name..
Michael Simpson
Relevant professional
qualification(sl or body
lif any):
Addr68S:
TaxAssist AGcountants Market Harborough
Myriad House, 114 St Mary's Road
Market Harborough LE16 70X
IER
Oct 2018

Harborough Welland U3A
ststement of Financial Artivities
For the year ended 31 December 2024
2024
2023
INCOME AND ENDOWMENTS FROM:
Income frorn charltsble activities
Subscriptions and charitable activities
62,369
65,708
Investments
Bank Interest Received
316
TOTAL
62.685
65,708
EXPENDITURE ON:
Charltable actlvltles
General
58,932
64,689
Independent Examinerfs fees
360
330
TOTAL
59,292
65,019
NET SURPLUS
3,393
Total Funds brought forward
27,056
26,367
TOTAL FUNDS CARRIED FORWARD
30,449
27,056
The note5 on pages 9 to 12 form part of thesefinancial statements

Harborough Welland U3A
Balance Sheet
At 31 December 2024
Notss
2024
2023
Flxed assets
Tangible assets
Current assets
Debtors
Cash at bank and in hand
3.451
36.119
3,314
32,516
39,570
35.830
Creditors- Amounts falling due within one year
{9,1211
{8,7741
Net Assets
30.449
27,056
Charity Funds
30.449
27,056
The flnancial statements on pages 7 to 12 We￿ approved by the board ot trustees on 14 March 2025 and were
$i8ned on its behalf by.
aare Heaton - Treasurer
The notes on pages 9 to 12 form part of these financlal ststements

Harborough Welland U3A
Notes to the Financial Statements
For the year ended 31 December 2024
Accounting Policies
Basis of preparing the Financial Statements
The financial statements of the charity, which Is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP IFRS 1021 'Accountlng and Reporting by Charities:
Statement of Recommended Practi￿ applicable to charities preparlng their accounts In
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021 leffettive l January 20191,, Flnanclal Reporting Standard 102 The Financial Reporting
Standard applicable in the UK and Republic of Ireland, and the Charities Att 2011. The financial
statemenls have been prepared under the historical cost convention.
The principal accounting policies set out below are re8ularly reviewed and have been applied
nsistently throughout the period.
Income
All income is recognised in the Staternent of Financial Attivities once the charity has entitlement
to the funds, it is probable that the Income will be received and the amount can be measured
reliably.
Expendltu
Liabilities are recognised as expenditure as soon a5 there is a lesal or constructive obligation
comrnitting the charity to that expenditure, it is probable that a transfer of economic benefits will
be required in settlement and the amount5 of the obllgation can be measured reliably.
Expenditure 15 accounted for on an accrua15 basis and has been classified under headings that
aggregate all costs related to the category. Where cost5 onnot be dlrertly attributed to partitular
headings they have been allocated to arttvities on a basis consistent with the use of resources.
Tarqible Fixed Asset5
All fixed assets are written off in the year of expenditure at cosL A Fixed A55et Register is
maintained, recording details of ttern5 of equipment over £50 that will be in use for more than a
year. their initlal purchase price, date of purchase and current location. All assets on the Register
are physlcally verified on an annual basis,
Taxatlon
The charity is exempt from tax on its charitable activities.
Trustees. Remuneratlon and Benefits
There were no tru5tees' remuneration or other benefits forthe year ended 31 December 2024 nor
forthe year ended 31 December 2023.
Tru5tees' Expenses
The Trustees receive expenses for the reimbursement of c05ts incurred on the charitvs behalf.

Harborough Welland U3A
Note5 to the Financial Statements
For the year ended 31 December 2024
Tan8ible Fixed Assets
Equipment Equipment Computer
for use at
for use by
Equipment
event5
Groups
Total
Cost
Transferred from MH and SL
U3a's 2022
596
685
2.410
3,691
Purchased by HWu3a 202213
1,400
364
703
2,467
Purchases 2024
390
743
1,133
Total Cost
2,386
1.792
3,113
7.291
Net Book Value
At 31 December 2023
At 31 December 2024
The above are included on the Fixed Asset Register. As per the AccountinE Policy, all fixed assets
are written off in the year of purchase.
Debtors
Amounts falllng due within one year
2024
2023
Prepayments
Accrued income
Other debtors
1,363
1,878
210
2,403
911
3,451
3,314
Cash at Bank and In Hand
2024
2023
Bank Current Account
Bank Savings Account
Cash in Hand
2.215
32,268
1,636
30,797
1,719
36.119
32,516
io

Harborough Welland U3A
Notes to the Financlal Statements
For the year ended 31 De￿rnber 2024
Credltors: Amounts fallin£ due within one year
2024
2023
Trade creditots
Accruals
Subscription5 received in advance
1,013
453
7.655
478
8,296
9,121
8.774
Movement on Funds
2024
2023
Brought Forward
Profit for the year
27.056
3.393
26,367
At 31 December
30.449
27,056
Related party transartion5
There were no related party transactions for the year ended 31 December 2024.
Interest Groups
At 31 December 2024 there were 82 Interest groups within Harborough Welland u3a.
The group5 8re largely self-financing and self-supporting. Group co-ordlnators are asked to make
an annual return to the Treasurer. detailing their recelpts and payments. Nil returns are also
recorded. All transaction5 are included in the financial statements. If financial problems should
arise within a group at any time. these would be reported to and discussed by the commlttee.
Monies collected by group co-ordinators will either be paid in part or full into the HWu3a bank
account to cover venue rental invoiced to and paid dirertly by HWu3a. Excess monies may be held
by the group co-ordinator5 to cover incidental cash expenses. In some cases, monies are collerted
on the day of the activity and paid directly to the venue on the same day. All such transactions will
be recorded on the group's year end return and included in the Financial Statements of HWu3a.
All net income of the groups is designated in the accounts to the groups for their future use.
li

Harborough Welland U3A
Notes to the Flnanclal Statements
For the year ended 31 December 2024
9. Intsrest Groups (continued)
Desl8nated to groups
2024
2023
Held in HWu3a Bank account
Cash held by groups
Accruals for venue hire
3,586
1.592
(621
4,094
1,669
TOTAL
5.116
5.763
12

Harborough Welland U3A
Detalled Statement of Flnancial ActlvTtle5
For the year ended 31 December 2024
2024
2023
INCOME AND ENt)OWMETrifs FROM:
Income from charltable artlvliles
Memberyhip subscriptions
Gift Aid received
TAM Magazine subscription income
Income from general meetings
Equipment sale proceeds
Sundry Income
Income from group and 50¢1al actlvltles
12,694
1,776
60
1.706
250
1,069
44,814
62,369
11.290
1.531
882
51,936
65,708
Bank Interest Re¢elved
316
Total In¢omln8 resour(es
62.685
65,708
EXPENDITURE:
re on rharltable artivities
Beacon Licence Fee
Thlrd Age Trust Capitatiork
Third Age Matters Magazine
Monthly Meeting Costs
Speaker Expenses
Newsletter and publlcity costs
IT and webslte expenses
Networklng & trustee expenses
Statlonery & printing
Sundry Expenses
Bank and card payment charges
Equlpment- not on Fixed Asset register
Equipment Purchased, added to Fixed Asset register
Expenditure on groups and social actlvltles
General charitable actlvlty costs
1,079
1,081
4.014
2.650
2,620
466
2,243
360
86
13061
3.214
460
2,083
363
21
304
136
549
351
81
620
20
1.133
45.461
58,932
104
49,735
64,689
Independent revlew of annual accounts
Total costs
360
59,292
330
65,019
Net Inwme for the year
3,393
This page does not form part of the statutory financial staternents
13