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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.

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.

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.