THE NORTH LONDON UNIVERSITY OF THE THIRD AGE
NLU3A is a self-help organisation - a learning co-operative of older people who are no longer in full-time employment. They share educational, creative and leisure activities.
Financial health, per its FY2024 accounts
The accounts state that the charity made a surplus of £9,418 for the year ended 31 December 2024. Per the trustees' report, reserves were comfortably in excess of the minimum targeted in the charity’s policy, with excess reserves calculated at £11,791 above the prudent 9-month cost buffer. The charity does not hold any funds as a custodian trustee.
What the accounts disclose
“At this point low point in the cash cycle it is considered prudent to hold sufficient reserve funds to cover at least 9 months’ worth of costs.” — page 4
Trustees
- Michael Alan Johnschair
- Edmond Cohen
- Edward David Michaelis Halsted
- Henrietta Cohen
- Jean Naomi Susan Watt
- Marion Fitzpatrick
- Martin Jeffrey Summers
- Michael George Lewin
- Robert Jeffrey Richardson
- Ruth Silver
- Stewart Colin Maugham
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £35k | £25k |
| 31/12/2023 | £22k | £17k |
| 30/04/2023 | £25k | £29k |
| 30/04/2022 | £17k | £19k |
| 30/04/2021 | £18k | £6k |
Common questions
Is THE NORTH LONDON UNIVERSITY OF THE THIRD AGE financially healthy?
Per its FY2024 accounts: The accounts state that the charity made a surplus of £9,418 for the year ended 31 December 2024. Per the trustees' report, reserves were comfortably in excess of the minimum targeted in the charity’s policy, with excess reserves calculated at £11,791 above the prudent 9-month cost buffer. The charity does not hold any funds as a custodian trustee. Its FY2024 accounts were independently examined.