| FinancialReview | |
|---|---|
| Review ofthecharity's | lncludingrestrictedfundsoff894,bank balances at |
| financialposition at the end | 3'tDecember2A23totalledC38,558-averyhealthy position, |
| oftheperiod | followinglargesurplusesof income duringthepandemic years |
| ot202A and2021. | |
| Statement explainingthe | As the charity'saccounting is on a receipts and payments |
| policyforholding reserves | basis,theabove bank balances equatetothe charity's |
| stating why theyareheld | reserves and amounttoapproximately threeyears ofunfunded |
| expenses. | |
| The charity'sbusiness modelisthattheinterest groups should | |
| be self-financing, althoughthe aggregatepayments madeby | |
| groupsforequipment andvenuehirearereflectedinthe | |
| charity'saccounts.Thecharity itself is responsible only forthe | |
| costs of centrally organised events,suchastheprogrammeof | |
| talksand general meetings, together withthecharity's | |
| administration, lTand publicity expenses. | |
| The charity'sprincipal | The charity'sprincipal sourceoffundsis members' |
| sources of funds | subscriptions,whicharesetat a relatively lowratewhen |
| compared tothoseu3a organisations whichfundall costs and | |
| expenses.Theprincipal costscoveredbyourmembers' | |
| subscriptionsaretheaffiliationfeesand magazine | |
| subscriptionspaid to the ThirdAgeTrust,theumbrella | |
| organisation forallUK u3a organisations. | |
| Theaccounts include other amounts receivedfrommembers | |
| eachyearin relationtoorganised visits andtheChristmas | |
| lunch in particular, butthesereceiptsarematched with the | |
| relevant costs, subject to timingdifferencesbetweenthe | |
| receipts andthepayments. | |
| Exceptionallyin2023,our Table Tennisgroupsappliedforand | |
| received grants from theWimbledonFoundation's "GetSet, | |
| Get Active"fundandthe Co-op'sCommunityfund.These | |
| grants are held in a separate bank account andtheiruseis | |
| restricted to the Table Tennisgroups,in keepingwith our | |
| modelofinterestgroupsbeing self-financing. Attheendofthe | |
| year,f894of these grants remainedtobe spent. |
| behalf of the | charity's trustees | |
|---|---|---|
| Signature(s) | --ii=1fun | 3r-t.l)-l" |
| Fullname(s) | Srnu.tfisu€[ | )',rViI{Lu*{,t^,t,J} |
| Position | Ckilr*? | {n,-^1t6 Iy-e}\,fi1i*JI- |
| Date | lJ\n{rr.'*h.r)$tLt- |
Merton u3a
Final Accounts for the year ended 31 December 2024
| RECEIPTS Subscriptons Gif Aid Talks Visits Group Actvites Social (Christmas Lunch) Grants - Wim Foundaton & Co-op Miscellaneous Bank Interest Total Receipts PAYMENTS TAT Afliaton TAT Magazine Statonery & Postage Printng & Publicity Visits Room hire Catering Talks Equipment - Technical Groups' equipment and coaching Social (Christmas Lunch) Beacon and other IT Bank Charges Miscellaneous Total Payments Surplus for year - General Surplus on Table Tennis grant SURPLUS FOR YEAR Balances b/f Balances c/f Balances as at 31 December CAF Cash account CAF Gold account (Norah) HSBC HSBC Restricted account |
2024 £ 13,742.5 0 2,294.59 571.10 3,592.00 6,013.86 3,195.00 0.00 0.00 114.17 29,523.2 2 3,384.00 2,698.32 1,015.78 2,040.22 3,357.00 6,355.90 1,484.37 831.00 330.97 1,930.00 3,104.28 1,027.38 352.00 279.53 28,190.7 5 1,332.32 0.15 1,332.47 38,558.2 4 39,890.7 1 2024 24,577.6 8 3,709.04 8,924.62 0.15 |
2023 £ 13,714.0 0 1,216.26 505.10 3,811.50 5,533.48 1,752.00 2,420.47 0.00 77.45 |
|---|---|---|
| 29,030.2 6 |
||
| 3,412.00 1,934.30 1,380.35 1,829.32 3,906.50 5,508.60 1,334.18 1,270.00 0.00 2,529.18 1,933.50 962.20 329.61 163.53 |
||
| 26,493.2 7 |
||
| 1,642.93 894.06 |
||
| 2,536.99 36,021.2 5 |
||
| 38,558.2 4 |
||
| 2023 18,276.7 8 1,965.06 15,782.4 2 894.06 |
PayPal
2,679.22 1639.92 39,890.7 38,558.2 1 4
David Drummond, Treasurer
7[th] March 2025