FURNESS UNIVERSITY OF THE THIRD AGE (U3A)
Operates interest groups for retired people in Furness area of Cumbria
Financial health, per its FY2025 accounts
The accounts state that the charity ended the year financially in very good health with no current liabilities. Reserves stood at £12,134.28, which is in excess of the stated target of £7,000, allowing the charity to freeze membership subscriptions despite increased costs. The trustees judge that the charity is likely to continue as a going concern for the foreseeable future.
What the accounts disclose
“A reserve level of £7000 has been identified as an appropriate target to cover the month-on-month variations in liquidity and to allow for financial cover in the (unlikely) event of Furness u3a ceasing to operate.”
Trustees
- Adrian Morris
- Anthony Neil McLaughlin Cook
- Dawn Morris
- Duncan Platts
- Gary Thompson
- Harry Knowles
- Jane Christine Butler
- Linda Marshall
- Richard Lewis
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/01/2025 | £51k | £50k |
| 31/01/2024 | £28k | £29k |
| 31/01/2023 | £17k | £17k |
| 31/01/2022 | £11k | £10k |
| 31/01/2021 | £13k | £15k |
Common questions
Is FURNESS UNIVERSITY OF THE THIRD AGE (U3A) financially healthy?
Per its FY2025 accounts: The accounts state that the charity ended the year financially in very good health with no current liabilities. Reserves stood at £12,134.28, which is in excess of the stated target of £7,000, allowing the charity to freeze membership subscriptions despite increased costs. The trustees judge that the charity is likely to continue as a going concern for the foreseeable future.