THE UNIVERSITY OF THE THIRD AGE - RICHMOND UPON THAMES
1) To advance the education of older people no longer in full time gainful employment in the London Borough of Richmond Upon Thames and its surrounding locality. 2) To provide 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.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a surplus of £4,343.13 for the year ended 31 December 2025, with unrestricted reserves increasing to £39,260.38. This balance significantly exceeds the trustees' stated policy target of maintaining a minimum equivalent to three months of operational expenditure (£9,000). The charity's principal funding source is annual subscriptions, and it operates with no paid staff or trustee remuneration.
What the accounts disclose
“We try and maintain a minimum balance on our accounts equivalent to 3 month’s worth of operational expenditure – currently equivalent to £9,000” — page 5
Trustees
- Mr John Cardwellchair
- Carole Fletcher
- Charlotte Edwina Gregson
- David Edward Wood
- Geraldine Ann Wear
- Norma Frances Cook
- Robert Litherland
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £47k | £43k |
| 31/12/2024 | £48k | £45k |
| 31/12/2023 | £42k | £42k |
| 31/12/2022 | £41k | £38k |
| 31/12/2021 | £27k | £23k |
Common questions
Is THE UNIVERSITY OF THE THIRD AGE - RICHMOND UPON THAMES financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a surplus of £4,343.13 for the year ended 31 December 2025, with unrestricted reserves increasing to £39,260.38. This balance significantly exceeds the trustees' stated policy target of maintaining a minimum equivalent to three months of operational expenditure (£9,000). The charity's principal funding source is annual subscriptions, and it operates with no paid staff or trustee remuneration. Its FY2025 accounts were independently examined.