Reigate & Redhill u3a Annual Report for the period ended 31 March 2025 Règistered Charity Number Reigate & Redhill u3a is a charity registered with the Charity Commission undèr registration number 297529. All general correspondence should be sent via the ntact section of the rru3a.org.uk website in the first instano. Objectives and Activities The primary objective of Reigate & Redhill u3a is to facilitate sharing educational, creative and leisure activities for older people no longer in full time employment. This is achVed by fomiing small, interactive groups of those th 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 plaS of interesL Structure. Governance and Management The Reigate & Redhill u3a VRS constrtuted in 1986 as one of many local u3as which are operationally independent of (bJt also a member ofj the Third Age Trust. 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 fom) the Goveming Document for the Reigate & Redhill u3a. In the period under review. the u3a was goverrNqd and managed by the Committee consisting of th8 following trustees: Appointed to Committee 2020 2017 2018 2019 2019 2021 2022 2022 2024 2024 2024 2024 2024 Name Gill Haimes (Chair) Hilary Loney Martin Livesey Lloyd Chapman John Cousins Angela Austin Nikki Stoddart Heather Earl Val Busby John Winter Peter Lloyd Keith Vickers Lynn Valkenaar-woolley Financial Perforniance For the period to 31 March 2025, Reigate & Redhill u3a made a £2.409 deficit (period to 31 March 2024.. £881 surplus). details of which are set out in the followir@ pages. 11 Page
Reigate & Redhill u3a Statement of Financial Activities Period ended 31 IAarch 2025 12 months to 12 month$ to nditure 31 Mar 25 31 l £ unless ststed Notes In Income: Subscriptions Gfft Aid ComMissn Bank interest Outings Inetl Entertainments Inetl 13,133 2.315 13.133 2,315 12.755 2,266 482 400 438 90 592 15,702 592 15.038 Total 16 Expenditure: Contribution to National office Mailing Natnal u32 magazine National"Beacon" admin system Hire of halls & speakers.. Monthly Friday meetings Group leaders meeting Committee meetings Venue sUbsidS Other meetings Printing". 'Here & Nob other Printing Postage Stationery Storage Sp ST Costs Sundry End of Year Event 3.716 2,557 3,716 2,557 961 3,516 2,223 913 3,613 410 395 3,678 1.027 3.613 410 395 2,873 1.027 2,924 388 376 2,377 234 560 616 49 477 283 476 332 382 476 332 382 10 335 139 700 11 595 770 595 770 Total Gross Income & Expendlture 32,547 34,956 Net Incomel{ExpenditUfe) 12A09) Re¢onciliotlon of Funds: Tolal Funds Brought Forward Net Income 12.028 {2.4091 11.147 881 Total Funds Carrfed Forward 9,619 12,028
Reigate & Redhill u3a BalanGe Sheet as at 31 March 2026 All £ unless stated 31 Mar 25 31 Pthar 24 Tangible ets 11 Current ass•ts: Prepaid expenses Debtors Cash on deF¥)Sit Cash at bank & in hand 13 14 4.050 2,709 16,989 2,169 334 23,791 2,477 Gross current assets 25.917 26.602 Llabillties: Ripts in advance A¢¢ruals 1S 16 (15,7241 (5751 {13.574} 11,0011 Net current assèts Total Not Assets 9.619 12,028 Total Charity funds 17 9.619 12.028 These accounts were provisionalty approved by the Trustees on 28 April 2025. Approval was fOrllY confirmed on 2 June 2025 and the accounts swned or* behalf of the Trustees by.. Gill Haimes- Chair Martin Livesey FCCA- TreaSur
Reigate & Redhill u3a Notes to the accounts for the year ended 31 March 2025 Note 1 AcGounting Policies al Basis of proparalion These accounts have been prepared in accordan with th8 Statement Of Recommended Practice (SORP) applicable to charities covered by the Finanaal Reporting Standard for Smaller Entities (FRSSE), the Charities Act 2011 and applble regulations. b) Incomè recognltlon All income is recognised On the charity has entrtlement to the income due for the period. c) Expenditure recognition Expenditure is ac¢ounted for on an accruals (debts due) basis. All expenses are allocated to the applicable expenditure headings in the statement of financial activities. d) Tangible assets Any equipment costing less than £3.000 is depreciated 1000k in the year of acquisition. A registér is maintained to keep track of their physical location (see note 11 below). Note 2 Subscription Income & Gift Aid Overall membership numters (induding assooate members) have continued to increase, reaching 999 members as of 31 Mar¢h 2025 (31 March 2024.. 961). Members, subscriptions cover the u3a financial year 1 April to 31 March. The subscription renewal period begins 3 months before the start of the financial year, such that most members, subscriptions are re]Ved in advance of the year to vthich they relate. On the other hand Gfft Aid is claimed in arrears and may therefore not be received until after the year to which it relates (as is the case this year). Note 3 Commissions Under an 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 is paid. The very first such commission payment was received last year, but no further payments have been received sin. Note 4 Bank Interest Increased and sustained high interest rates again delrvered snIficant1Y higher income in 2024125. Note 5 Events Although only expected to break even, u3a outirys again delrvered a significant surplus in 2024125. To address this, it is proposed to take an even less ¢onsep4ative approach to pricing in 2025126. Nots 6 Contribution to National Office Our contributions to the general running costs of the Third Age Trust (as y11 as our payments for the mailing of the u3a national rnagane and the use of the °Beacon- administrative system) are detemiined by the number of members as at 31 March each year. The general contribution rate remained unchanged at £4.00 per head this year, but overall spending increased as il was based on 929 full members for 2024125 {879 for 2023124).
Reigate & Redhill u3a Note 7 Meetings The costs of both speakers and particularly venue hire for the monthly Friday meeting have increased substantially this year and this trend is forecast to continue, leading to further increases in future years. Other meeting costs also increased this year, due to a one-off -Thank You. event, whith recognised the contribution of all those u3a members who continue to generously support our activities by giving their time on an entirely voluntary basis. Note 8 Venue subsidies Where certain group activities preclude meetiThJ in MemrS, homes, a venue subsidy of 50% (up to a fixed annual limit) is payable to the affected groups. For many years. this limit was set at £150 per annum for all groups. Unfortunately, the unrform application of this [lIng meant that some weekly groups received funding of as lrttle as 10% of their venue costs. whilst groups meeting monthly generally reiVed a full 50% of their costs. To address this inequrty, a tiered approach has gradually been introduced over the last 5 yeats. in order to reimburse groups, costs more fairfy (but at an increased cost). Note 9 "Here & Now, magazlne °Here & Nov< is published three times a year and was at one time the costliest single spending item within the u3a's overall expendtiure. The Cost is not limited to the pn'nting of the magazine rtself. but also includes postage costs, which are mainly (82%) in relation to the distribution of°Here and Now, by the printers. Due to the move to mainly online publication last year (with only a limited number of physical copies still being distributed to members) costs remain signfficantly lower than in previous years. Nots 10 Storage space Historically, storage of u3a assets has been scattered around commtttee members. homes, which sometimes led to difficulties in locating and trartsporting items when they Yre needed. To address this, it was decided to rent a lock-up garage arKJ consolidate all our stored items in one location. Note 11 Tangible assets A replacement keyboard for use by u3a groueventS and four hi-vis waterproof coats for the u3a parking team were acquired this year at a total cost of £443 (2024125: No tangible assets were acquired). In line with our accounting policies (note 1d above), this cost was immediately wrttten off as sundry expenditure. Note 12 Committee remunerdlion and expenses The tnjstees all give freety of their time and exFertise without any fomi of remuneration or other benefit in kind. However, elements of the charity's administration expenses e.g. printing, postage and paper are inevitably paid for by, and thus reimbursed to. trustees.
Reigate & Redhill u3a Note 13 Prepaid expenses Ail£ 2025 2024 Outings other Events Third Age Trusl (national magazine) Venue subsidy Website Hosting 85 236 136 155 Total 334 Note 14 Debtors All£ 2025 2024 Gift Aid (note 21 Bank Interest 2,315 394 Total Nots 15 Receipts In advance All£ 2024 Members. subscriptr)ns (note 2) Outings 11,342 4,382 10.872 2.702 Total Note 16 Accruals 1£ 2025 2024 Here & Now (printing & distribulion) Venue subsidy other 357 134 371 596 Totsl 575 Note 17 Total funds Balance at ri12024 Balance at 31 March 2025 Ati£ Incomg Ex nditure Charty's unrestricted fund 12,028 32,547 (34,956} 9,619 Note 18 Post Balance Sheet events There have been no material post balan sheet events.
Reigate & Redhill u3a Independent Examinerfs Report I report to the Trustees on my examination of the accourrts of Reigate and Redhill U3A for the year ended 31 March 2025. As the Trustees. you are responsible for the preparation of the a¢o)unts. I have examined the books and records and Gonfimi that the Statemènt of Financial Activities and Balance Sheet are in accordan therewith. I confimi that no matters have come to my attention in connection with the examination. that would cause me to have any concems aboLrt said Financi I ststement and Balan Sheet. Robina Jolly ACA 19 May 2025