THE GLENS & DALRIADA u3a GROUP TRUSTEES ANNUAL REPORT AND STATEMENT OF RECEIPTS AND PAYMENTS AND ASSETS AND LIABILITIES FOR YEAR ENDED 31ST MARCH 2023 CHARITY REG. NO. 100643 INDEPENDENT VERIFIER MISS MAIREAD Mc GOURAN THE GLENS & DALRIADA GROUP FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 CONTENTS PAGE Report of the Trustees Independent Report to the Members Statement of Receipts & Payments Statements of Assets & Liabilities Notes to the Financial Statements THE GLENS & DALRIADA u3a GROUP REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 The Trustees present their Annual Report, and Statement of Receipts and Payments, and Assets and Liabilities for The Glens & Dalriada U3A Group, for the year ended 31 March 2023. OBJECTIVES & ACTIVITIES The Charity's principal activities are concerned with the advancement of education of the public leading to a more informed local community. The objects of the Glens and Dalriada U3A group are as follows (i) to advance the education of the public and in particular the education of older people no longer in full time gainful employment in the Glens and Dalriada area and its surrounding locality. the provision of facilities for leisure time and recreational activities with the object of improving the conditions of life for the above persons in the interests of their social welfare. The Charity provides a large number of varying activities i.e. Language Courses in French, Irish and Spanish, Irish History, Bridge, etc. All but three of the activities are provided and tutored by the charity's own voluntary members with Irish, Spanish and Pilates having external tutors. The Charity also hold regular meetings, where the whole group meet together to listen to a stimulating guest speaker. PUBLIC BENEFITS The direct benefit that flows is that the community comes together leading to reduced social isolation. The direct benefits that flow from purpose (i) is advanced educational outcomes leading to a more informed local community. The direct benefit that flows from purpose (li) is that the community comes together leading to reduced social isolation. These benefits are demonstrated by feedback forms, the number of members of our organisation & the number of people who attend our lectures and education evenings. The charity's beneficiaries are the people of the Glens and Dalriada area with particular emphasis on the older generation. There is no harm or private benefit flowing from our purposes. ACHIEVEMENTS & PERFORMANCE The Company is a non-profit making organisation. The results are set out in detail on pages 6 to 8. The Charity has successfully provided a wide range of activities to its, target group in the year, However, due to the Covid 19 restrictions several activities have continued to be provided remotely. French, Spanish, Plays & Drama, and History were held through the Zoom media site as were some Monthly meetings with talks including N.I. Railway Preservation Society, Work of Air Ambulance and N.I. Ferries. Our members have enthusiastically embraced the Zoom facility. FINANCIAL REVIEW The Statement of Financial Activities, on page 7 indicates that The Glens and Dalriada u3a Group had incoming resources of £12073 in the year. The expenditure for the year was £10351. There was an overall surplus for the year of £1722. RISK MANAGEMENT The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems are in place to mitigate the exposure to the major risks. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Document The organisation is registered with the NI Charity Commission as of 15 September 2014 Charity No. 100643. Appointment of Trustees There are currently 10 Trustees. During the year three Trustees, Peter Dillon, Eileen McAuley and Roger Osmond retired from their roles. In their place Mark Gavin and Joswph Ferris were appointed as new Trustees. Trustee Induction and Training New members undergo an orientation day to brief them on: their legal obligations under charity and company law, the charity commission guidance on public benefit, and inform them of the content of the Charity's constitution, the committee and decision-making processes, the business plan and recent financial performance of the charity. During the induction day they meet key office holders and other members. Members are encouraged to attend appropriate external training events where these will facilitate the undertaking of the role. Organisation Day to day running of the charity is managed by the Chairman, the Secretary and the Treasurer. They meet monthly to review and monitor project progress and update the remaining Trustees through management committee meetingsas appropriate. Related parties and co-operation with other organisations None of the Trustees receive remuneration or other benefit from their work with the charity. Any connection between a Trustee of the charity with a contracted supplier must be disclosed to the full management committee in the same way as any other contractual relationship with a related party. In the current year no such related party transactions were reported. THE GLENS & DALRIADA u3a GROUP REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 CONTINUED TRUSTEES / MANAGEMENT COMMIThEE CHAIRMAN: Mr Patrick O'Donnell TREASURER Mrs. Helen L. McKeown TRUSTEES Mrs. Teresa Bain Miss Mary Blaney Miss Dibble Mccaughan Mr. Harry Girvan Mrs Moira Mcmullan Mrs. Kathy O'Donnell Mr. Mark Gavin Mr Joseph Ferris REGISTERED OFFICE 201A Torr Road Ba Ilycastle BT544 OPU CHARITY NUMBER 100643 BANKERS Ulster Bank INDEPENDENT VERIFIER Ms Mairead McGouran 66 Caman Drive Ba Ilycastle BT54 6ER THE GLENS & DALRIADA u3a GROUP REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 CONTINUED TRUSTEE RESPONSIBILITY STATEMENT The Trustees are responsible for preparing the Trustee's Annual Report and the financial statements in accordance with applicable law and Internatioal Accounting Standards (IAS). The law applicable to charities in Northern Ireland with income of less than £250,000 requires the Trustees prepare a Statement of Receipts and Payments and a Statement of Assets and Liabilities for each financial year. The trustees are responsible forkeeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Charities Act. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the Trustees are aware: there is no relevant information of which the Charity's Independent Verifier is unaware. and the Trustees have taken all steps that they ought to have taken to make themselves of any relevant information and to establish that the independent verifier is aware of that information. INDEPENDENT VERIFIER A resolution proposing that Miss Mairead McGouran be appointed as Independent Verifier was passed at the Annual General Meeting. By order of the Management Committee: TRUSTEE Patrick O, TRUSTEE Mark Gavin 66 Caman Drive Ballycastle BT54 6ER 5 May 2023 To: Charity Trustees Glens & Dalriada u3a The attached statement of the No. l Account reflects the Revenue and Expenditure of the Glens & Dalriada u3a for dates l April 2022 to 31 March 2023. I can confirn] that I have carried out and independent examination of the accounts of the above Charity tNIC100643] - reconciled on 5 May 2023. Mairead Mc Gouran tMiss] Hon. Verifier The Glens and Dalriada U3A Group ststement Of Receipts and Payments Year Ended 31st March 2023 Unrestricted Restricted Total Funds Total Funds Funds Funds 3110312023 3110312022 INCOME: Charitable Activities Membership Fees Grant Refund Third Age Trust 8519 3554 8519 3554 2836 2348 TOTAL INCOME 12073 12073 5184 EXPENDITURE: Speakers Hire of halls Tutors Equipment for activities Website Zoom subscription Third Age Trust Levy Third Age TrustTAM Copyright Licence Beacon Fee Printing StationerylPhotocopy Miscellaneous 276 276 180 4940 2620 4940 150 2200 2620 131 131 155 144 144 144 900 900 850 596 60 225 596 60 556 225 125 189 45 125 120 48 189 45 52 82 Bankcharges Catering Trips Retirement gifts Refund of membershipfees loo loo TOTAL EXPENDITURE 10351 10351 4537 NET INCOME 1722 1722 647 RECONCILIATION OF FUNDS Net movement in funds for period Totalfunds broughtforward 0110412022 1722 3404 1722 3404 1722 2912 TOTAL FUNDS CARRIED FORWARD 5126 5126 4634 There are no recognised gains and losses other than those included in the results above The Glens and Dalriads U3A Group Statement ofAssets and Liabilities as at 31st March 2023 3110312023 3110312022 CURRENT ASSETS Cash in Bank 5126 3404 5126 3404 CURRENT LIABILITIES Cheques not presented 428 NET ASSETS 4698 3404 BALANCE OF FUNDS Unrestricted Funds 4698 3404 Restricted Funds 4698 3404 Accounts were approved and authorised bythe Trustees on 1710512023 Signed on behalf of the Trustees TRUSTEE Patrick O'Donnell air an) TRUSTEE Mark Gavin {Vic -Chairl The Glens and Dalriada U3A Group Notes on and forming part of the Financial Statement for Year Ended 31 March 2023 NATURE OF THE CHARITY The Glens and Dalriada U3A Group is registered with the Charity Commission NI with effect from 15 September 2014. The charity is a public benefit entity. ACCOUNTING POLICIES The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: (a) BASIS OF PREPARATION All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipt basis. (b) PREPARATION OF ACCOUNTS ON A GOING CONCERN BASIS The Trustees are of the view that they will receive sufficient funding to cover running costs for more than a year and on this basis the charity is a going concern. (c) INCOME All income is included in the Statement of Income and Expenditure when received. (d) FUND ACCOUNTING Unrestricted funds are expendable at the discretion of the Trustees in furtherance of the objects of the charity. Funds may be held in order to finance capital investment and working capital. Designated funds are restricted of the charity which the Trustees may at its discretion set aside funds for specific purposes which would otherwise form part of the general reserve of the charity. Restricted funds are donation received which are earmarked by the donor for particular areas or for specific purposes. (e) TANGIBLE FIXED ASSETS There are no Tangible Fixed Assets in the accounts. (f) TAXATION As a charity registered with the Charity Commission NI the charity is not liable to either Income Tax or Corporation Tax. REMUNERATION EXPENSES The Management Committee neither received nor waived any remuneration during the year. There are no members accruing pension arrangements and the management committee did not have any expenses reimbursed during the year. There were no employee benefits received by key management personnel during the year. STAFF COSTS The average number of employees during the year ended 31/0312023 was O (31103/2022 was O)