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 ach￿Ved 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 pla￿S 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
ComMiss￿n
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 Nat￿nal u32 magazine
National"Beacon" admin system
Hire of halls & speakers..
Monthly Friday meetings
Group leaders meeting
Committee meetings
Venue sUbsid￿S
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:
R￿ipts 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 fOr￿￿llY
confirmed on 2 June 2025 and the accounts swned or* behalf of the Trustees by..
Gill Haimes- Chair
Martin Livesey FCCA- TreaSu￿r

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 appl￿ble 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 s￿nIficant1Y 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 y￿11 as our payments for
the mailing of the u3a national rnaga￿ne 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 Mem￿rS, 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 re￿iVed 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 Y￿re 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 grou￿eventS 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