CHESS VALLEY UNIVERSITY OF THE THIRD AGE
Chess Valley University of The Third Age is a learning co-operative for people of retirement age which enables members to share a variety of educational, creative, social and leisure activities. Each activity group meets once or twice a month and learning programmes are decided by the group. General meetings, with an invited speaker, are held once a month and are open to all the membership.
Financial health, per its FY2025 accounts
The accounts state that the charity generated a very small surplus for the year ended 31st March 2025, with finances not adversely affected by increased venue costs. Reserves currently exceed the trustees' policy target of six months' operating expenses, although they are expected to reduce further in the coming year due to rising costs and reduced membership.
What the accounts disclose
“The subscription was kept at £27 per member per annum with effect from 1st April 2024” — page 1
“Following the advice of the Third Age Trust, the Trustees consider that a reserve of about six months’ operating expenses is sufficient to deal with unforeseen problems and/or to ensure an orderly dissolution of CVu3a if that were to prove necessary.” — page 2
Trustees
- James Robert Cadlechair
- Geoffrey Graham Naylor
- Jacqueline Cobb
- James Clark Wilkie
- John Bunyan
- Marion Lloyd
- Peter Windsor
- Susan Broad
- VALERIE GARROOD
- West Marshall
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £72k | £71k |
| 31/03/2024 | £62k | £61k |
| 31/03/2023 | £57k | £59k |
| 31/03/2022 | £34k | £32k |
| 31/03/2021 | £25k | £15k |
Common questions
Is CHESS VALLEY UNIVERSITY OF THE THIRD AGE financially healthy?
Per its FY2025 accounts: The accounts state that the charity generated a very small surplus for the year ended 31st March 2025, with finances not adversely affected by increased venue costs. Reserves currently exceed the trustees' policy target of six months' operating expenses, although they are expected to reduce further in the coming year due to rising costs and reduced membership. Its FY2025 accounts were independently examined.