SHOREHAM & SOUTHWICK U3A
To advance education for people not in full time employment with the study of a variety of topics, organised, led, and where applicable researched by the members. Provide the opportunity to pursue learning for sheer enjoyment. Provide the facilities for leisure time and recreational activities with the object of improving the conditions of life for older people in the interests of social welfare.
Financial health, per its FY2025 accounts
The accounts state that unrestricted cash reserves stood at £16,381 as of 31 July 2025, with a stated policy to hold funds covering six months of operational costs. The trustees note that the main financial risk is the loss of income from membership subscriptions and intend to reduce reserves in a planned manner. The independent examiner confirmed that no material matters came to their attention regarding the accounting records or their accuracy.
What the accounts disclose
“Our main source of funding is membership subscription.” — page 5
“We aim to hold funds to cover 6 months of operational costs in the event of loss of income and to meet any unforeseen expenditure that may occur.”
Trustees
- Diane Susan Coe
- Frances Olivier - Kay
- Joanne Matthews
- Karen Hewitt
- Laura Watson
- Lesley Jane Scarff
- Lesley Mason
- Liz Gibbs
- ROSS WORKMAN
- Sheila Brady
- Susan Lawrence
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £30k | £28k |
| 31/07/2024 | £23k | £26k |
| 31/07/2023 | £20k | £21k |
| 31/07/2022 | £16k | £18k |
| 31/07/2021 | £6k | £8k |
Common questions
Is SHOREHAM & SOUTHWICK U3A financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted cash reserves stood at £16,381 as of 31 July 2025, with a stated policy to hold funds covering six months of operational costs. The trustees note that the main financial risk is the loss of income from membership subscriptions and intend to reduce reserves in a planned manner. The independent examiner confirmed that no material matters came to their attention regarding the accounting records or their accuracy. Its FY2025 accounts were independently examined.