BISHOP'S STORTFORD UNIVERSITY OF THE THIRD AGE
The activities of Bishop's Stortford U3A are based on the objects of the U3A which are to advance the education and physical well-being of those people not in full time employment, who are in their third age, residing in Bishop's Stortfod and surrounding locality
Financial health, per its FY2024 accounts
The accounts state that the charity ended the year with a surplus of £1,453, bringing unrestricted cash balances to £28,737. The trustees report that free cash reserves stood at 5.2 months of unrestricted expenditure, which is within their stated policy target of 2 to 5 months. The independent examiner confirmed that no material matters were identified that would cause concern regarding the accounts.
What the accounts disclose
“Our reserve policy is to maintain free cash balances within the range of 2 to 5 months of unrestricted expenditure.” — page 3
Trustees
- Dr SUSAN ELIZABETH RAYNER JACOBSchair
- Alice Victoria Dain
- Judith Margaret Monaghan
- Katharine Rutherford
- Rosalind Dorothy Howlett
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £68k | £67k |
| 31/12/2023 | £43k | £39k |
| 31/12/2022 | £61k | £58k |
| 31/12/2021 | £27k | £24k |
| 31/12/2020 | £23k | £20k |
Common questions
Is BISHOP'S STORTFORD UNIVERSITY OF THE THIRD AGE financially healthy?
Per its FY2024 accounts: The accounts state that the charity ended the year with a surplus of £1,453, bringing unrestricted cash balances to £28,737. The trustees report that free cash reserves stood at 5.2 months of unrestricted expenditure, which is within their stated policy target of 2 to 5 months. The independent examiner confirmed that no material matters were identified that would cause concern regarding the accounts. Its FY2024 accounts were independently examined.