Charity registration number: 100089 North Down & Ards U3A Annual Report and FiDanciaI Ststements for the Year Ended 31 March 2023
North Down & Ards U3A Contents (Continued) Reference and Athninistrative Detsils Trustees, Report 2to4 ststement of Tte¢s, Responsibilities Independent Examin¢¢s Ret Statement of Fin8nciai Activitie5 Balan¢e Sheet Notes to the Financial Statements 9t015
North Down & Ards U3A Reference and Administrative Details Chaill Catson Wilson Trustees Carson Wi]SQD David MuTfdy Pat Browne VaIerie Dickson Marian Baxter Kate Lockhart Charity Registrntion Number 100089 Principal Office Resource Centre North Down Community Network 5 Castle Park Bangor Co Down BT20 4TF Independent Examiner Hamilton Morris Waugh 34 Dufferin Avenue Bangor Dowj B T20 3AA Page I
North Down & Ards U3A Trustees, Report The tnteeS present the annual report together with the financial slatements of the charity for the year ended 31 March 202). Trustees and officers The th]stees and officer5 serving duriDg the year and sintt the year end were &8 follows: Trustees.. CaT50n Wi150n Jackie G&skin (appointed l June 2022 and resigned l May 2023) David Murray Pat Browne (app)inted l June 2022) Valerie Dickson (appointed l June 2022) Marian B&xter (apFX)inted l June 2022) Kate Lockhart {aptK)inted I September 2022) Adam Harbinson {re5igned l April 2023) Ann Adams (resigned l June 2022) Anne McKNuw (resigned l June 2022) Janet Holland (resigned l June 2022) Peter Gay {resigned l June 2022) Chairnian: Carson Wilson Page 2
North Down & Ards U3A Trustees, Report (continued) SITucluTfy governance and management Organif(thonal structhre The mawement MmIt¢¢ WIK) served during the year and up to the date of this report are set out on page l. The management commitee are appointed at the annual general meeting. The management commitee have assessed the major risks to which the Charity is eXSe and a satisfied that systems are in place to mitig CxwUre to the major risks. Objectives aDd activities With the total removal of Covid restricttons, the majority of our interest groups started to meet again face -t face for the fiTSt time in over 2 years and we now have over 100 athive interest groups and the numbers are growing gradually. By continuing to keep in regular contact with our members, for example, through the issue of our Ezine, we bave maintained our mernbership at lJ09. Unfortunately, however, following a review, it w decided that the Ezine, which was issued originally every rnonl would now be issued on a bi-monthly basis. The Executive Committee continued to meet every month with the restriction on number5 (for Covid re&8ons}, recently lifted and an abridged version of the minutes of th05¢ meetings continued to be posted on the website to ensur¢ that the mem1rship was aware of the Vario issues wjdressed by the Committee. Two new w)licy papers We a. Suc¢ession Planning and Data Protectio and both of these were posted on the website. New Members, meetings were held regularly throughout the year and these meetings were w8ed in an attempt to establish what experience and skills the new members might have. and be willing to share with us, in developing new ideas for new interest groups. Throughout th¢ year mu¢h appreciated work and progr¢s5 was done by our Accommodation Team to proce55 our application for Lottery funding for the PUTposes of acquiring town centre accollllnodation. However, following numerous meetings with the IA)tt¢ry representative, our application for funding hag been paused. The Lottery Board recognised the need for a "home- but not necessarily in an expensive city centre location. Added to this, the cessation of European funds bad resulted in applications becomillg extremely ¢ompetitive with very few of them being approved. During the year we welcomed the Archive ProjecL which was a huge piece of work undertaken by our President over many years and represents an invaluable histori1 rewrd of the formation and progression of this Movement to the firIllIng organision it is today. The Archive Project was successfully and officially launched during the month of Febnwy 2023. Our President and her worthy SUPPKlrting team were congratulated 8nd thanked for their efforts in the publitiOn of the numerous volumes comprising the Archive which have been stored in the local Library. Page 3
North Down & Ards U3A Trustees, Report (eontinued) Much dIu5s1On took place ab)ut plans for the celebration of the 40th and 25th year AmiiveTsary celebrations. The 25th Anniversary of the North Down & Ards u3a took place towards the end of October 2023 in the Bryansbum Inn Bangor where over 80 members attended in the company of the mayor. A g(KMI evening. with the aid of some very good entertainmenL was had by all of those who attended. We were honoured with a visit from Liz Thackray, Chair of the Third Ag¢ Tl in March 2023. The meeting, which was an infornial one, was attended by a range of our interest groups. including Photography. Astronomy, Card - Making and Inter-Generational Learning and by ail a¢¢ounts. Liz Thackray w&$ very impressed with what was presented to her. The TteeS can view this 18 2 success1 year. Despite the difficuhies experienced during the year, with many of those continuing with. for example, vacancies in the Executive Committee and in our support services. which resulted in Committee members assuming resw)n5ibility for duties over and above their existing ones with no volunteer support emanating from the monbership. Ap roved by the trustees of the ¢baTity on 22 June 2023 and Signed on its behalf by: David Murrdy Tntee Page 4
North Down & Ards U3A Statement of Trustees, Responsibilities The trustees are responsible for preparing the trustees, report and the financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and appli¢abl¢ law and regulations. The law applicable to charities requTres the tnleeS to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the charity for that period. In preparing these finan¢iaI stat¢ments, the trustees ar¢ rquired to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP. make judgements and estitnates that are reasonable and pruden¢ state whether applicable accounting standards hav¢ been followe(L subject to any material departures dIlOsed and explained in the financial statements. and prepare the financial statements on the going concern basis Unl it is inappropriate to presume that the charity will continue in business. The te¢S are respK•nsible for keeping proper accounting recordq that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008, ChaTities (Accounts and Reports) Regulations (Northern Ireland) 2015, and the pmvisions of the constitution. The trustees are also snsible for safeguarding the a85¢ts of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irgUIaTltIcs. The trustees are responsible for the maintenance and integrity of the conx)rate and financial infOrntIon included on the charitable company's website. Legislation governing the preparation and dissemination of flliancial statements may differ from legislation in other jurisdictions. Ap roved by the ISteeS of the tharity on 22 June 2023 and signed on its behalf by: David Murray Trustee Page 5
North Down & Ards U3A Independent Examiner's Report to the trnstees of North Down & Ards U3A I report to the ttustees oo my exalninon of the accounts of North Down & Ards U3A for the year ended 31 March 202J. Responsibilities and basis of report As the charity's trustees of N'orth Down & Ards U3A you ate responsible for the preparation of the accounts in accordance with the requirem¢nts of th¢ Charities Ad (Northern ]land) 2008. It is my r¢spon5ibility to-. examine the accounts under section 65 of the Charities A¢¢ to follow the procdures laid down in the general Directions given by the ChaTity Commission for Northern Ireland under section 65(9)(b) of the Charitie5 Actr. and to state whether particular matters have come to my attention. B48is of independent examiner's report I have examined your charity accounts &$ required under se¢tion 65 of the Clwities Act and my &Yamination was carrled out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities A¢t. My examination included a Teview of the accounting reconis kept by the charity and a comparison of the accounts presented with those rerds. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as tswtees concering any such Matt5. My role is to state whether any material matters have come to my attentioj) giving me cause to believe: (l) That accounting records were not kept in accordan¢¢ with section 63 of the Charities Ac¢ {2) That th¢ accounts do not accord with those accounting Tords. (3) That the accounts do not comply with the accounting requirements of th¢ Charities ACL (4) That there is further inforniation needed for a proper understanding of the a¢¢J)unts to be reached. Independent examiner's stAtem¢nt I have completed my examination and have no ncernS in te5pect of the matters (l) to {4) listed above and, in connection with following the Directtons of the Charity Commission for Northern Ireland, I have found no matt¢r5 ihat require drawing to your attention. Philip Nixon ACA Independent examiner 34 Dufferin Avenue Bangor BT20 3AA 22 June 2023 Page 6
North Down & Ards U3A Statement of Financial Activities for the Year Ended 31 March 2023 Unrestrieted fun Tot41 2023 Note Income 2nd Endowments from= Donations and legacies Investment income Other income 4.145 17 41.546 4,145 17 41,546 Total income 45.708 45,708 Expenditure on: Charitable activities (46.039 (46,039 Tolal expenditure 46.039 46,039) Net expenditure (331} (331) Net movement in funds (331) (331) Reconciliation of funds Total fim<L% brought forward Total fid5 caled forward 41.982 41.982 12 41,651 Unro8tricted funds 41,651 Total 2022 Note Income and Endowments from: Donations and legacies Investment income Other income 9.888 32 27,261 9,888 32 27,261 Total inrome 37.181 37,181 Expenditure on: Charitable activities {29,856) (29.856} Total expendire 29,856) (29,856) Net income 7.325 7,325 Net movement in fim 7,325 7325 Reconciliation of funds Totsl funds brought forward 34.657 34,657 Total funds carried forward 12 41.982 41.982 All of the ChIty'S ¥tivities derive from Continuing operations dwing th¢ above iwo periods. The funds breakdown for 2022 is shown in note 12. The notes on pages 9 to 15 forni an inte1 part of these financial statements. Page 7
North Down & Ards U3A (Registration number: 100089) Balance Sheet as at 31 March 2023 2023 2022 Note Fixed assets Tangible a55ets 8,111 Current assets Cash at batd( and in hand io 35.954 35,071 Crediton: Amounts falling due within one year {1296) (1.200) Net current Assets 34.658 33,871 Net assets 41,651 41,982 Fun(L8 of the tharity: Unrestricted income funds Unrestricted funds 41.651 41,982 Total funds 12 41,651 41.982 The financial statements on pages 7 to 15 were approved by the tsustees. and authorised for issue on 22 June 2023 and signed on their behalf by". David Murrdy Trustee The notes on pages 9 to 15 forni an integral part of these financial st2tem¢nts. Page 8
North Down & Ards U3A Notes to the Financial Statements for the Year Ended 31 March 2023 l A¢counting polici Statement of eomplianee The flnancial ststements have been prepared in a¢¢ordan¢e wtth the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the tJK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charities SORP {FRS 102)). the Finan¢ial Reporting Standard applicable in the UK and Republi¢ of treland (FRS 102) and the Charlties Act (Northern Ireland) 2008. Basis of preparation . North Down & Ards U3A meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the bistorical cost convention with items recognised at cost or transaction value unless otherwise ststed in the r¢l¢vant note(s) to these accounts. Going concern The trustees Consider that there are no Materi uncertainties about the charity's ability to continue as a going concern. Income and endoivments Voluntary income including donations. gifts. legacies and grants that provide core funding or are of a general nature is recognised when the cRwity has entitlement to the incorn¢. it 15 probable tIMt the income will be received and the amount can be measured with suificient reliability. Donqlions andlegaeies Donations and legaci are recognised on a receivable basis when receipt is probable and the amount can be reliably rn&Ured. Grants receivable Grants are rewgnised when the charity has an entitlement to the funds and any condition5 linked to the grants have been met. Where perfomance conditions are attached to the grdnt and are yet to be meL the income is recognised as a liability and included on the balance sheet as defeTred income to be released. Investment income Dividends arc recognised once the dividend h&$ been declared and notification bas been [e1Ved of the dividend due. Expenditure All expenditure is recognised on¢¢ there is a legaI or wn51TUCtive obligation to that expenditure. it is PTobable settiernent is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly atiribuÉed to particular headings they have been allocated on a basis nSistent with the use of resources, with centrnl staff costs allocated on the basis of time spenL and depreciation Charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Page 9
North Down & Ards U3A Notes to the Financial Statements for the Year Ended 31 March 2023 (continued) Charitable aclivilies Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its b¢nefi¢iari4s. It includes FA)th costs that ¢an be allocated directly to such activitie5 and those wsts of an indire¢t nalure ne¢essary to support them. Governanee costs These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audi¢ strategic management and tnths m#tings and reimbursed expenses. Taxation The Charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitsbl¢ ¢ompany for UK corporation tax purposes. Accordingly, the charity is potentially exempt from t&L7tion in Tespect of income or capitaI gains receiv¢d within ¢ategorie5 covered by Chapter 3 Part I l of the Corporation Tax Act 20EO or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. T*ngible rued assets Individual fixed assets costing £300.00 or more are initially recorded at cos¢ less any subsequent accumulated depreciation and subsequent accumulated impairnlent losse5. Depreciation and 4mOrtisation Depreciation is provided on tangible fixed ets so &8 to write off the cost or Valuatio less any estimated residual vaIue. over their expected usefvl economic ]if¢ as follows: Asset e145S Fixtures and fitting5 Depreciation method and rgte 2/0 Straight line ReSre and development Research and development expenditure is wTitten off as incurred. C4$h and cash equivalents C&sh and cash equivalents comprise cash on Iwid and ¢all deposits, aod other short-tenn highly liquid Investments that are readily wnvertible to a known amount of cash and are subject to an insilfICant risk of change in value. Fund structure Unrestricted inwme funds are general fiumts that are available for use at the trustees discretion in furtherance of the objectives of the charity. Page 10
Iyorth Down & Ards U3A Notes to the Financial Statements for the Year Ended 31 March 2023 (continued) 2 Income from donatioD5 and legacies Unrestricted nds General Totsl nds Donations and legacies. Gift aid reclaimed Grants, includlng capitsl grants" Grants from other charities 2,545 2,545 1,600 1.600 Totsl for 2023 4,145 4.145 Totsl for 2022 9,888 9,888 Unrestrict¢d funds General Total 2022 Donations and legacies. tX)nations from individuals Gift aid reclaimed Grants. including capital grants" Grants from other charities 5,043 2536 5,043 2,536 2,309 9,888 9.888 3 1nvutm¢nt income Unrestricttd funds General Total funds Interest receivable and similar income. Interest receivable on bank deposits 17 17 Total for 2023 17 17 Total for 2022 32 Pagell
North DoTrYn & Ards U3A Notes to the Finaneial Statements for the YeAr Ended 31 March 2023 (continued) 4 Other in¢ome Unrestrict¢d funds Gener#1 Total nds Social inwme Hall rentsI income Membership subscriptions Group income 3,195 14,995 22,507 849 3,195 14,995 22,507 849 Total for 2023 41.546 41,546 Total for 2022 27.261 27,261 Ullrestricted nds General Total 2022 Social income Hall rental income Membership subscriptions Group.incom¢ 280 6.856 17,695 2,430 280 6,856 17,695 2.430 27,261 27.261 Page 12
North Down & Ards U3A Notes to the Financial Statements for the Year Ended 31 March 2023 (continued) 5 Expendithr¢ on ch9ritabl¢ xdivities Unrcstrirt funds General Total 2023 Third Age Trust costs Marketing and publicity costs Group and event costs Hall rental costs Administrative costs Social expenditure Ikpreciation, amortisation and other similar costs 9,771 2,421 5.107 19,143 916 4,334 3,051 9,771 2,421 5,107 19,143 916 4,334 3,051 44.743 44,743 Unrestricted funds General Total 2022 Third Age Trust costs Marketing and publicity costs Group and event Costs Hall rental costs Administrative costs Social expenditure Depreciatio amortisation and other similar costs 9.363 3.078 3.034 9.539 877 loo 2,665 28,656 3,078 3,034 9,539 877 loo 2,665 28.656 Page 13
North Down & Ards U3A Notes to the Financial Statements for the Year Ended 31 Mareh 2023 (continued) 6 Analysis of governance and support ¢o$ts Govern*n¢¢ costs Unrutri¢ted funds Gener41 Total nds Independent examiner fees Examination of the financial statements 1296 1.296 Totsl for 2023 1296 1,296 Totsl for 2022 1.200 1,200 7 Independent eiaminer's remuneTatioD 2023 2022 Examination of the financial statements 1,296 1.200 8 Taxation The charity is a registered charity and is therefore exempt froftn I9t10. 9 Tangible red assets Furniture and equipment Total Cost At l April 2022 Additions 13,324 1.933 13,324 1,933 At 31 March 2023 15257 15,257 Depreciation At l April 2022 Cbarge for the year 5213 3.051 5,213 3,051 At 31 March 2023 8.264 8.264 Net book value At 31 March 2023 6.993 6,993 At 31 March 2022 8.111 8,111 Page 14
North Down & Ards U3A Notes to the Financial Statements for the Year Ended 31 March 2023 (continued) 10 Cash and cash equivalents 2023 2022 Cash at bank 35.954 35,071 Al Creditors: amounts fglling due within one year 2023 2022 ArualS 1.296 1.200 12 Funds Bal2Dce 4t I April 2022 IncomiDg Resources eIpended Balance at 31 March 2023 Unrestrieted funds General 41.982 45.708 (46.039) 41.651 Balance lit I April 2021 IntOmiDg Resources expended Balgn¢¢ at 31 March 2022 Unrestricted fvnds GenernI 34.657 37,181 29,856 41,982 Pagc 15