2022-08-31-accounts - U3A In London

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Charity and company Information	Charity and company Information
Trustees' annual report		4-7
Objectives snd activities
Public benefit
Achievements and performance
Financial review
Structure, governance	and management
Future developments
Independent auditors' report		8-9
Financial statements		10-19
Statement offinancial	activities	10
Balance sheet
Statement ofcash flows		12
Notes to the financial	statements	13-19

Executive	Committee	Committee	Officers	Gllli Vafidis		(Chairman)
(Trustees	and directors)			* Amalia Michaels ' Anthony Sober		(Vice chairman) (Treasurer)
				Richard Sisson		(Assistant treasurer)
			Other members
				Stephen Barry
				Ruth Freeman
				David Iwl
				Diana King
				Marie-Ange King
				Gill Korgaonkar
				Susan Kwok
				Hazelanne Lewis
				*Gerta Regensburger
				Pam Strangman
				Shafeeq Siddiqui *John Dodds
				*Barbara Stevens
				*=co-opted member
Company	Secretary			Hazelanne Lewis
Registered		charity number		288434
Company	number			01752272
				Registered in England
Registered		oflice		Old Tovm Hall
				213Haverstock	Hill
				London NW3 4QP
Independent		auditors		Knox Cropper LLP.
				Chartered Accountants
				65 Leadenhali Street
				London EC3A 2AD
Solicitors				Bates Wells & Braithwaite		London LLP
				10Queen Street	Place
				, London EC4R 1BE
Bankers				CAF Bank Ltd
				25 Kings Hill Avenue
				West Mailing ME194JQ

				Unreshtctsd	Restricted	2022	2021
				funds	funds	Total	Total
				6000	6000	6000	6000
Income
Membership	income			100		100	80
Donations	and legacies			66		66	7
Investment	income			56		56	53
				222			140
Charitable	activities
Total				222		222	140
Expenditure
Raising funds				20		20	22
Charitable	aotlvlties
Study groups				176		176	153
Events	and sundry		income
				176		176	153
Total							175
				26		26	(35)
Net gains/(losses) on investments:
Realised
Unrealissd				(84)		(84)	290
Net income forthe		year		(58)		(56)	255
Reconciliation	offunds:
Total funds brought		forward		2,183		2,183	1,928
Total funds carried		forward		2,125		2,125	2,183

					Note	~20 2	2021
						6000	f000
Cash flows from operating	activities
Net Income for ths year
ss shown In statement	of financial activities		on page 10			(58)	255
Adjustmsnts for:
Distributions and interest from investments					4	(56)	(53)
Depreciation charges					10	9	3
Net (gains)/losses on investments					11	84	(290)
(Increase)/decrease in	income tax recoverable				12	12	(11)
(Increase)/decrease in	legacy receivable				12
(Increase)/decrease in	other debtors and	prepayments			12	(11)	15
(Decrease) in subscriptions in advance					14	(21)	28
increase/(decrease) in	commitment under		property	agreement	14
Increase/ decrease in	other creditors and		accruals		14	20	23
Net cash provided by /	(used in) operating		activities			(61)	(30)
Cash flows from investing	activities
Distributions and interest from Investments					4		53
Purchase oftangible fixed assets					10
Sales/ urchases ofinvestments					11
Net cash provided by /(used in) investing		activities				57	(127)
Cash flows from financing	aotlvlties
Re a ments of borrowln
Net cash (used in) financing activities
Change In cash and cash	equivalents in the		year				(157)
Cash and cash equivalents	at the beginning	of	the year			130	287
Cash and cash equivalents	at the end ofthe		year		13	126	130
The notes on pages 13to 19 form part ofthese financial statements.

NO	TES TO THE FINANCIAL	STAT	EM	ENTS FOR T	HE YEAR ENDE	D 31AUGUST'	2022,
					Unrestrioted	Restricted	2022	2021
					funds	funds	Total	Total
					6000	f000	f000	8000
5	Income from charitable	acttvit(es
	Events and sundry income;
	Easter conference
	Outings and concerts
	Sundry income
6	Costs ofraising funds Payments to other charities	(see nots		19)	10		10	10
	Publicity Support costs —see note 9(d)				2 8 20		2 8 20	1 11
7	Costs ofstudy groups Accommodation				132		132	117
	Other direct costs				10		10	8
	Support costs —ses note 9(d)				34 176		34 176	28 153
8	Costs ofevents and ofsundry		income
	Easter conference
	Outings and concerts
	Sundry income
	Support costs —see note 9(d)
9	Total expenditure included;
	(a) Rent and llcenoe fees Leased accommodation	payable					139
	Payments to secure availability		of	Cafe premises
	Licensed accommodation
	Additional accommodation
							139	135
	(b) Professional charges
	Payable to the auditors
	Comprising charges in	connection		with:
	Independent audit

							2022	2021
							f000	f000
11	Investments
	Cost						2,055	1,595
	Sold in year Additions Gains Market value						~44 1,981	180 290 2,065
	The Investments		comprised	units	in the COIF Charities	funds listed below.
	The changes	in	market value	over	the year were as follows;

		Brought	Brought	purchased/	purchased/	Realised	Unrealised	Carried
		forward		(sold)	In year	gain/(loss)	gain/(loss)	forward
			f000		f000	f000	f000	f000
	Ethical Fund		204				(10)
	Investment Fund		1,861				(74)	1,787
			2,065				84	1,981
	2021		2085		180		290	2,536
12	Debtors and prepayments								12
	Income tax recoverable
	Other debtors							15
	Prepayments							14	17
13	Cash at bank and In hand Current accounts and cash in Demand deposit	hand						116 10 126	120 10 130
14	Creditors payable within one Membership subscrlptions received		year in advance						28 29
	Other creditors and accruals							16	57

eand activities of U3A in Lon	don (see note 6):
		2022	2021
		f000	f000
The Hampstead School ofArt The Keats Community Library The Primrose Hill Community Maggie's Cancerkin Age UK Camden	Assodation	2 2 2 2 2 10	2 2 2 2 2 10