Porthcawl u3a
Porthcawl U3A is a learning co-operative of older people. Its programme includes lectures, educational visits, cultural and social events and a wide range of study and interest groups.
Financial health, per its FY2024 accounts
The accounts state that the charity ended the year with an excess of expenditure over income of £2,384.96, primarily due to increased room hire costs following the closure of a venue. Despite this deficit, the charity held unrestricted reserves of £14,147.46, which is above its stated policy target of £10,000. The trustees note that maintaining this reserve level will require close monitoring of expenditure in the coming year.
What the accounts disclose
“The total membership payments were £17714.50.”
“This was well above our Reserves level which is set at £10000 pounds.”
Trustees
- Andrew John Mason
- Benjamin Rhys Fielding
- Laurence Richard Parry
- Louise Roberts
- Malcolm Cowper
- Norah Clarke Mrs
- Rhian Davies
- Richard Hopkins
- Selwyn Jones
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £36k | £38k |
| 31/12/2023 | £27k | £27k |
| 31/12/2022 | £24k | £29k |
| 31/12/2021 | £8k | £12k |
| 31/12/2020 | £23k | £9k |
Common questions
Is Porthcawl u3a financially healthy?
Per its FY2024 accounts: The accounts state that the charity ended the year with an excess of expenditure over income of £2,384.96, primarily due to increased room hire costs following the closure of a venue. Despite this deficit, the charity held unrestricted reserves of £14,147.46, which is above its stated policy target of £10,000. The trustees note that maintaining this reserve level will require close monitoring of expenditure in the coming year.