## |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