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
Objects
THE ADVANCEMENT OF EDUCATION AND, IN PARTICULAR, THE EDUCATION OF OLDER PEOPLE AND THOSE WHO ARE RETIRED FROM FULL TIME WORK BY ALL MEANS, INCLUDING ASSOCIATED ACTIVITIES CONDUCIVE TO LEARNING AND PERSONAL DEVELOPMENT IN THE AREA OF BENEFIT.
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
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Risk management
- Safeguarding vulnerable beneficiaries
- Trustee expenses policy and procedures
- Volunteer management
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.