WELLS UNIVERSITY OF THE THIRD AGE
ADVANCING THE EDUCATION OF MIDDLE AGED AND OLDER PEOPLE NOT IN FULL TIME EMPLOYMENT IN WELLS, SOMERSET AND THE SURROUNDING AREA.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £21,121.70 at 31 January 2024, which is above the trustees' stated contingency reserve policy target of £5,000.00. The charity reported an excess of receipts over payments for the year, indicating positive cash flow from its primary income sources.
What the accounts disclose
“The Trustees believe that Wells u3a should maintain a contingency reserve of £5000.00 to meet obligations in the event of a drastic fall in income.” — page 6
Trustees
- Donald Branchchair
- Ann Brown
- Beverley Andree
- Caroline Lowndes-Northcott
- Dr Alan Cedric Sanderson
- Ingrid Sofrin
- Jeanne Evans
- John Derek Laycock
- MR MIKE LEE
- Marian Harding
- SUSAN ANN REVELL
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/01/2025 | £70k | £67k |
| 31/01/2024 | £71k | £69k |
| 31/01/2023 | £38k | £35k |
| 31/01/2022 | £10k | £10k |
| 31/01/2021 | £17k | £19k |
Common questions
Is WELLS UNIVERSITY OF THE THIRD AGE financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £21,121.70 at 31 January 2024, which is above the trustees' stated contingency reserve policy target of £5,000.00. The charity reported an excess of receipts over payments for the year, indicating positive cash flow from its primary income sources. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 19/05/2005 | £3k | sound and visual equipment |