HORSHAM UNIVERSITY OF THE THIRD AGE
The charity's object is the advancement of education and, in particular, the education of older people and those retired from full time work, by all means including associated activities conducive to learning and personal development, in Horsham.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves, comprising a current account balance of £3,084.96 and a deposit account balance of £8,006.57, total £11,091.53. The Treasurer reports that these reserves exceed the Charity Commissioners' guidance of approximately six months' annual income. The independent examiner confirmed that the accounts give a true and fair view and no material matters were identified during the examination.
What the accounts disclose
“The Charity Commissioners look for a balance approximately equal to 6 months annual income as reserves, which with the Deposit Account, we more than achieve at the moment. The Current account has a balance of £3,084.96. as of 28th February. The Deposit Account is a savings account used for the reserves. Bank interest received amounted to a grand total of £125.96, making the closing balance £8,006.57.”
“The Charity Commissioners look for a balance approximately equal to 6 months annual income as reserves, which with the Deposit Account, we more than achieve at the moment.”
Trustees
- Simon Charles Hillchair
- Ann Valentine
- David Grainger
- Jane Margaret Broomer
- Jeff Brockett
- Michael John Harrod
- Mrs Jenny Faulkner
- Pam Johnson
- Shiela Campbell
- Vivien Bennett
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 28/02/2025 | £40k | £44k |
| 29/02/2024 | £38k | £41k |
| 28/02/2023 | £34k | £36k |
| 28/02/2022 | £16k | £17k |
| 28/02/2021 | £17k | £23k |
Common questions
Is HORSHAM UNIVERSITY OF THE THIRD AGE financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves, comprising a current account balance of £3,084.96 and a deposit account balance of £8,006.57, total £11,091.53. The Treasurer reports that these reserves exceed the Charity Commissioners' guidance of approximately six months' annual income. The independent examiner confirmed that the accounts give a true and fair view and no material matters were identified during the examination. Its FY2025 accounts were independently examined.