GRANTHAM BRANCH OF THE UNIVERSITY OF THE THIRD AGE (U3A)

Registered charity 1097587 · accounts filings on the Charity Commission register · also known as GRANTHAM U3A

Provides recreational, educational and training activities for the elderly in the local area.

Objects

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 GRANTHAM AND ITS SURROUNDING LOCALITY.II) 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.

Area of benefit: GRANTHAM

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · Arts/culture/heritage/science · Amateur Sport · Recreation · website · Get email alerts

Latest income
£28k
Latest spending
£32k
Registered
2003
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net deficit of £1,554 for the year ended 31 December 2024, resulting in unrestricted reserves falling to £14,203 from £15,757 in the previous year. The trustees have adopted a policy of reducing reserves to cover approximately six months of outgoings and have budgeted for a further deficit in 2025. The financial statements were examined and certified by an independent examiner.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy (held: £14k; policy: six months' outgoings)
“The Trustees have continued their policy of reducing reserves to a level covering approximately six months' outgoings”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Lincolnshire

Income and spending

Financial year endIncomeSpending
31/12/2025£28k£32k
31/12/2024£26k£28k
31/12/2023£22k£22k
31/12/2022£19k£19k
31/12/2021£14k£12k

Common questions

Is GRANTHAM BRANCH OF THE UNIVERSITY OF THE THIRD AGE (U3A) financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a net deficit of £1,554 for the year ended 31 December 2024, resulting in unrestricted reserves falling to £14,203 from £15,757 in the previous year. The trustees have adopted a policy of reducing reserves to cover approximately six months of outgoings and have budgeted for a further deficit in 2025. The financial statements were examined and certified by an independent examiner. Its FY2024 accounts were independently examined.