Boifasl Unlver81ty of IINI Thlrd Age - Beffast U3A Roglstored Twlth The Charlty Commlsslon for Northorn IrelarKI 101362 Rocelpts and Payments Account for 12 Months to 31st March 24 In¢ome &Éwndlturn. I#Aprfl-31st M4Y¢h R•ulpts P•fin•nts R•t•lpts 367 Bank Charge5 Bank Interert Donations Equlpment purchase5 Glft Ald Group ktivities Payments Group ktlvltie5 Receipts Group As515tance rr Expenses Membership Membershlp Secretary Ne*slett Room HSre Speakers and Glfts Sundry Èxpenses Sundry Income Sundry Rff on Thlrd A8eTrust Sub4otals 402 428 245 802 20 710 249 2056 28 26784 1925 26263 23944 25070 471 1064 130 337 96 3420 1102 186 936 245 291 100 5475 540 185 17015 15010 43 171 17 6674 39539 7301 40986 46562 43030 Trtal sur Dofflclt 5576 3491 Surplus Surplus blf Surplus clf 5576 48590 54166 3491 45099 48590 Represented Bv.'- Sh••t Belfast U3AGroup54375 Belfast U3A Re5rn4383 Current Membershl Pendln 8038 32143 13969 15 54165 6247 31707 7145 45099 Honorary Indlvldual Indlvldual DD Totals 254 763 1,019 539 285 826 P4>proved byTrustee5 16th May and s18ned on thelr behalf land therthfteradopted by ￿neral membershlp at AGM on 30th May20 Jim Li noone-chair Nal McQui1lan-Tr￿urLy Belfast Universityof the Third Age- Belfast U3A Registered with The Charity Commission for Northern Ireland NIC 101362 Statement of Fixed Asset5 as at end of March 2024 Computer FIXED ASSEfs Equipment COST Cost at 1st April 2023 Additions Disposal s Cost at 31st March 2024 Hearing Support Printer PA System TOTAL 2,287 590 1,768 290 4,936 2,287 590 1,768 290 4,936 DEPRECIATION IstApril 2023 Depreciation Charge Disposals 31st March 2024 -2,287 413 -1,768 -442 -290 -71 4,758 -513 NEf 800K VALUE March 2024 Prevlous Year 177 177 177 Belfast University of the Third Age- Belfast U3A (Registered Charity NIC 101362) Treasurers Report for 12 months to 31° March 2024 My term as Treasurer began on May 16th 2024. In conductin8 the tasks assoclated wlth belng Treasurer. durlng the past year I have been alded by Tom Capper, Deputy Treasurer and by JIM McDonnell. Membership Secretary. To both I pass on my thanks for thelr help throughout the year. Examination and A roval of Accounts These accounts were completed and approved by the Trustees on 16th May 2024. The report by the Charity's Independent Examiner wa5 completed 26th April 2024 Re-or anifation of Financial recordin ractices From the beginnlng of the prevlous financlal year (my flrst as Treasurer), the U3A funds held on behalf of Group Actlvltles have been fully separated from the funds held for all other U3A activlty. In the Banklng system thls has entalled holdlng funds In the Groups Accounts {for Group actlvltles) and the Maln Account (for all notFgroup related U3A actlvlty- e.8. membershlps. room hlre, paylng for speakers, IT expenses etc}. Thls Is better practlce and wlll greatly facllltate the admlnlstratlon of the T￿asu￿r functlon. Wlth this comlng year belng the flnal year In whlch l am permitted to be Treasurer, I hope that the above work we have done to date, alongside the full migration we have conducted to use ONLY the Beacon system for financlal recording, and productlon of Flnanclal statements, will allow for a rnore seamless transltlon for a new treasurer coming 5n. It has certainly proved extremely useful to date. Grou Activities These represent the funds managed on behalf of Groups durlng the year. The funds are restrScted to be used ￿onI for the acclvltles of each indlvldual group and a￿ not avallable to central Belfast U3A funds nor to be transferred between groups. Group actlvity has Increased, malnly due to the formatlon of a number of addltlonal groups and the sSgnlflcant Increase In membershlp. Wlth all Group flnancla5 activlty now rlng- fenced from other monles (both on Beacon and w5thin our 8ankln8 account5) It Is easler to ensure that all Group activlty is belng correctly recorded and accounted for. Membershlp numbers have Increased agaln thls year to the polnt where we now have over IOCKI members. We contlnue to encourage all to sign up for Direct Deblts, as It reduces the amount of work associated with admlnistratlon of membershlp fees. We would also encourage those who have not already done so to sign up for Glft Ald (It costs members nothing), as a considerable sum for the organlsatlon can be gained from thls. act of Recei ts and Pa ments of Account on O eratin Sur lus We now record all flnanclal transactions {in or out) on Beacon at a polnt In tlme as close as possible to when they occur on the Banking system. The alm Is to have the banking system balances totally aligned with the Beacon balances at all tlmes whlch allows for total transparency and, more importantly, for a system that G3n be readily understood by people with only basic knowledge of Accountancy. Room Hlre for our monthly meetings in the Balmoral Hotel remain5 one of our larger costs. However, we have managed to ensure that the costs for next year will not Increase despite the general levels of Inflation. Overall, a surplus for the year of £5,5761up by over 50% on last year} from operatlon of the Charlty was reported. The Charlty has sufficlent general fund reserves for the next financial year. In the past year we alded 2 groups in purchasing equipment and in start-up funds. We purchased wlne lasses for the Winfrta5tlng group {prevlously members purchased their own individually). And we purchased some equiprnent and training sessions for the new Pickleball group. We would encourage anv group. especially new ones, to make a case for one-off additional funds. especSally to help In starting up which can be a difficult perlod. Financial Reconciliation Sundry Recon (rom last year) Includes amounts unldentified when transferrlng balances to the Beacon flnance system. There was no reconclliatlon requlred thSs year as everythln8 fully reconclled {mainly due to fvll and correct recording on the Beacon system). Fixed Asset Schedule The statement of Fixed assets attached records equlpment used by Belfast U3A In provldlng setvlces to Its members and associated depreclation. Neil Mcaulllan Honorary Treasurer l&h May 2024