UNIVERSITY OF THE THIRD AGE FARNBOROUGH AND DISTRICT
A learning cooperative for retired people, enabling its members to share many educational, creative and leisure activities.
Objects
1 TO ADVANCE THE EDUCATION OF THE PUBLIC AND IN PARTICULAR THE EDUCATION OF MIDDLE AGED AND OLDER PEOPLE WHO ARE NOT IN FULL TIME GAINFUL EMPLOYMENT IN FARNBOROUGH AND ITS SURROUNDING LOCALITY 2 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
Financial health, per its FY2025 accounts
The accounts state that the charity ended the year with a cash surplus on core activities of £16,589 and accumulated reserves of £39,107. Per the trustees' report, these reserves are sufficient to cover 11.0 months of expenditure, significantly exceeding the Charity Commission's recommendation of four to six months. The charity notes that this exceptional level of financial health is not expected to continue growing.
What the accounts disclose
“The recommendation of the Charity Commission is that charities, such as ourselves, should have sufficient Reserves so that, in the event of the need to immediately cease operations, there remains the ability to cover expenditure for between four and six months.” — page 2
Policies the charity declares
- Campaigns and political activity policy and procedures
- Complaints policy and procedures
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Trustees
- JEREMY PETER CARLSSONchair
- David Minett
- Ian Michael Hutchings
- Judith Ann Layzell
- Pamela Maureen Hay
- Paul Stephen Banner
- Peter Francis Wickwar
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £136k | £115k |
| 31/07/2024 | £142k | £144k |
| 31/07/2023 | £126k | £121k |
| 31/07/2022 | £140k | £114k |
| 31/07/2021 | £23k | £21k |
Common questions
Is UNIVERSITY OF THE THIRD AGE FARNBOROUGH AND DISTRICT financially healthy?
Per its FY2025 accounts: The accounts state that the charity ended the year with a cash surplus on core activities of £16,589 and accumulated reserves of £39,107. Per the trustees' report, these reserves are sufficient to cover 11.0 months of expenditure, significantly exceeding the Charity Commission's recommendation of four to six months. The charity notes that this exceptional level of financial health is not expected to continue growing.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 22/01/2007 | £5k | Handbells |
| The National Lottery Community Fund | 12/11/2004 | £4k | Laptop computer and digital projector |