Reigate & Redhill u3a
Annual Report for the period ended
31 March 2024
Registered Charity Number
Reigate & Redhill u3a is a charity registered wff(h the Charity Commission under registration number
297529. All general Corresponden￿ should be sent via the contact section of the rru3a.arg.uk website
in the first instance.
Objectives and Activities
The primary objective of Reigate & Redhill u3a is to facilttate sharing educational, creative and leisure
activities for older peO5￿e no longer in full time employment. This is achieved by fomiing small,
intera¢tive groups of those with common or related interests (who usually meet in each otherfs homes).
or by organising general monthly meetings with expert presenters on a wide range of subjects and by
running trips to places of interest.
Structure, Governance and Management
The Reigate & Redhill u3a was constituted in 1986 as one of many local u3as which are operationally
independent of {but also a member ofj the Third Age TNst, a separate registered and incorporated
charity. As such, it abides by the objects and principles of The Third Age Trust and the 2014 Principles
of the u3a Movement fonn the Goveming Document for the Reigate & Redhill u3a.
In the period under review, the u3a was govemed and managed by the Committee consisting of the
following trustees:
Appointed to
Commtttee
2010
2017
2018
2018
2019 (up to 9 October 2023)
2019
2019
2020
2020
2021
2022
2022
2022
Name
Pat Cockett (Chair)
Hilary Loney
Martin Livesey
Lynne Scott Douglas
Deb Chapman
Lloyd Chapman
John Cousins
Gill Haimes
Sheena McKenzie
Angela Austin
Jill Flower
Nikki Stoddart
Heather Earl
Financial Perfomiance
For the period to 31 March 2024. Reigate & Redhill u3a made an r881 surplus (period to 31 March
2023: £3,495 deficit), details of which are set out in the followng pages.
11 Page

Reigate & Redhill u3a
Ststement of Flnancial Actlvities
Period ended 31 March 2024
GTOSS Gross
12 months to 12 months to
31 Mar 23
All £ unless sta
Notes
Income:
Subscriptions
Grft Aid
Commission
Bank interest
Outings Inell
Entertainments Inel}
Christmas Tea (net)
12,755
12,755
2,266
482
400
438
90
11,972
2,133
19,118
18.680
1.131
101
143
Total
Expenthknre:
ConlribulK>n to National offi
Mailing National u3a magazine
National °Beacorf' admin system
Hire of halls & speakers..
Monthly Friday meetings
Grwp leaders meeting
Committee meetings
Venue subsidies
Other meeliTrJs
Printing..
'Here &
Other Printing
Postag8
Slalionery
IT Costs
Sundry
Christmas Event
U3A Today Ino event in 2023r241
3.516
2.223
913
3.516
2,223
913
3.304
2,079
857
2,924
2,924
3.216
376
3.582
234
376
2,377
234
415
2.480
469
616
49
477
283
335
139
7(X)
616
2,235
4T7
2,169
397
357
139
71XJ
439
Total
Gross Income & Expenditure
36,824
35.943
Net IncornellExpenditure)
13,495)
Reconciliation of Funds:
Total Funds Brought Fonvard
11,147
14.642
Net Income
(3,495)
Total Funds Carried Forward
12.028
11,147

Reigate & Redhill u3a
Balance Sheet as at 31 March 2024
All £ unless stated
Note
31 Mar 24
31 Mar 23
Tangible assets
CurTent assets:
Prepaid expenses
Debtors
Cash on deFQSit
Cash at bank & in hand
11
12
1.456
2,329
22,035
3.881
23.791
2.477
Gross currenl assets
26.602
29.701
Llabilities:
Receipts in ad￿ce
Accruals
13
14
113,5T4)
1 I,CM)1)
(16,0481
(2,5071
Net current assets
Total Net Assets
12.028
11.147
Totat Charfty funds
15
11028
11.147
These accounts w￿e provisK)nalty apFwved by the Trustees on 30 April 2024. Approv81 is to be fcmalty
nfirmed on 3 June 2024 and the accounts spned on behaw of the Trustees by..
aLl&,fv
Patrirya C(￿ett- Chair
Matin LNes8y FCCA- TreasLKer

Reigate & Redhill u3a
Notes to the accounts for the year ended 31 March 2024
Note 1 Accounting Policies
a) Basis of preparation
These accounts have trEen prepared in accordance ￿th the Statement Of R￿OrnMended
Practice ISORP) applicable to chartties covered by the Financial Reporting Standard for Smaller
Entities (FRSSEI. the Charities Act 2011 and applicable regulations.
b} Income recognition
All income is recognised once the chanty has entrtlement to the income due for the period.
c) Expendituro recognition
Expenditure is accounted for on an accruals (debts due) basis. All expenses are allocated to the
applicable expenditure headings in the statement of financial activtties.
d) Tanglble assets
Any equipment costing less than £3,WO is depreciated 100 % in the year of acquisition. A register
is maintained to keep tra¢k of their physical location {see note 9 below).
Note 2 Subscription Income & Gift Aid
Overall membership numbers {induding associate members) have continued to increase, reaching
961 members as of 31 March 2024 (31 March 2023: 913).
Members, subsrrriptions cover the u3a financial year 1 April to 31 March. The subscription renewal
period begins 3 months before the start of the finan¢ial year however, such that most members
subscriptions are received in advan￿ of the year to which they relate. On the other hand Gift Aid
is claimed in a￿earS and may therèfore not be receÈved until after the year to which tt relates (as
was the case last year).
Note 3 Commlssions
Under a new arrangement set up by the Third Age Trust, rf a u3a member books a holiday through
Riviera Travel and nominates their home u3a, a commission will be paid. The very first such
¢ommission payment was received this year.
Note 4 Bank Interest
In¢reased and sustained high interest rates delivered significantly higher in￿rne in 2023124.
Note 5 Events
Athough only expected to break even, u3a outings delivered a signÉfirAnt surplus in 2022123. In
order to address this, a less conservative approach to pricing was adopted for 2023124, resulting in
a much lower surplus this year.
In 2023. the tradliional Christmas Tea - an event paid for by members, purthase of tickets - was
replaced by a Christmas Entertainment. which was free of charge to memb8rs. The net income
received in 2022123 was therefore replaced by a significant expenditure in 2023124.

Reigate & Redhill u3a
Note 6 Contrlbution to National Office
Our contribution to the general runnirg costs of the Third Age Trust (as well as the costs of mailing
its national magazine and the costs of the 'Beacon' administrative system) is determined by the
number of members as at 31 March each year. The general contribution rate remained unchanged
at £4.CKJ per head this year but was based on 879 full mernb8rs for 2023124 (826 for 2022123).
Note 7 Meetings
The 'April 2023. Committee meeting and Monthly Friday meeting were in fact held at the end of
March 2023, resu￿Ing in hKJher expendtiure in 2022123 and consequently lower expenditure in
2023124. Fewer other rneetings (e.g. new members. meetings) were held in 2023124, also reducing
costs. This year however, the annual group leaders meeting was re-established post-pandemic.
after a gap of some two and a hatf years.
Note 8 "Here & NO￿ magazlno
'Here & NO￿ is published three times a year and was historically the costliest single spending item
within the u3a's overall expenditu￿. The cost is not limtted to the printing of the magazine itself. but
also includes postage costs, which are mainly (81%) in relation to the distribution of"Here and Now.
by the printers, and stationery {i.e. envelopes). Due to the move to mainly online publication this
year (with only a limited number of physical copies being distributed to members) all of these costs
reduGed significantly between 2022123 and 2023124.
Note 9 Tangible assets
No tangible assets were acquired this year (2023.. TV￿ card payment readers and a replacement
u3a laptop were acquired at a total cost of £348).
Note 10 Committee remuneration and expenses
The trustees all give freely of their time and extErtise without any fom of remuneration or other
benefit in kind {2023-. £nil). Elements of the charity's administration expenses e.g. prints'ng, postage
and paper are inevitably paid for by, and thus reimbursed to. trustees.
Note 11 Prepaid expenses
2024
2023
Venue subsidy
Events
Website Hosb"ng
90
1,366
85
155
Total
334
Nots 12 Debtors
Al£
2024
2023
Third Age Trust {national m4azine)
Gift Aid (note 21
Bank Interest
28
2,133
Total

Reigate & Redhill u3a
Nots 13 Receipts in advance
All£
2024
2023
Members. subscriptions Inote 21
Events
10,872
2,702
10,
5,082
Total
Note 14 Accruals
1£
2024
2023
Here & Now Iprinling & distritmjtion)
Venue subsidy
Monthly Friday meeting
Other
371
5*
637
182
Total
Nots 16 Total funds
Balance at
Balance at
31 March 2024
i £
ome
enditure
Charity's unrestricted fund
11,147
36.824
{35,9431
12,028
Note 16 Post Balance Sheet events
There have been no material post balan￿ sheet events.
Independent Examinerfs Report
I report to the Trustees on my examination of the ac£xJunts of Reigate and R&Jhill U3A for the
year ended 31 March 2024.
As the Trustees. you are responsible for the preparatFon of the a(rounts.
I have examined the books and records and confimi that the Statement of Financial ActivFbes and
Balance Sheet are in accordance therewith. I confirm that no matters have come to my attention
in connection wrth the examination, that V￿uld cause me to ha￿ any ¢oncems about said
Financial Statement and Balan￿ Sheet.
Philip Jones M.A
7 May 2024