ROMSEY AND DISTRICT U3A
Lectures and study groups on a wide range of educational topics
Financial health, per its FY2025 accounts
The accounts state that the charity maintains a reserves policy targeting 50% of running costs averaged over the preceding three years. The total unrestricted reserves (current and reserve accounts) stood at £22,229.41, while total expenditure for the year was £6,968.07, indicating reserves significantly exceed the stated policy target. The trustees highlight difficulties in securing sufficient trustee volunteers to maintain the charity, noting that their time has focused on ensuring its survival.
What the accounts disclose
“The policy is to maintain a reserve of 50% of running costs averaged over the preceding three years.”
Trustees
- Alan George Crispchair
- Diana Elizabeth Blakeman
- Janet Elizabeth Tudball
- Jean Mary Wilks
- Linda Edith May Meyer
- Margaret Marchbank
- Patricia Meredith
- Roy Phillip Harding
- Timothy Holmes
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 28/02/2025 | £30k | £7k |
| 29/02/2024 | £27k | £7k |
| 28/02/2023 | £20k | £8k |
| 31/03/2022 | £20k | £20k |
| 31/03/2021 | £11k | £8k |
Common questions
Is ROMSEY AND DISTRICT U3A financially healthy?
Per its FY2025 accounts: The accounts state that the charity maintains a reserves policy targeting 50% of running costs averaged over the preceding three years. The total unrestricted reserves (current and reserve accounts) stood at £22,229.41, while total expenditure for the year was £6,968.07, indicating reserves significantly exceed the stated policy target. The trustees highlight difficulties in securing sufficient trustee volunteers to maintain the charity, noting that their time has focused on ensuring its survival. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 10/12/2004 | £4k | Digital projector and laptop |