RAYLEIGH UNIVERSITY OF THE THIRD AGE (U3A)
Rayleigh U3A encourages men and women who are retired or semi-retired to pursue their interest in a wide range of educational subjects and leisure activities and can also use their own skills, knowledge and expertise to help fellow members by starting an interest group. Group activity meetings are mostly held during the daytime in members' homes.
Financial health, per its FY2025 accounts
The accounts state that the charity met its reserves requirement for 2025, having adopted a policy target of maintaining reserves to fund 12 months of core expenditure. However, the trustees report a significant risk to sustainability, noting that it is increasingly difficult to recruit trustees and committee members to key roles.
What the accounts disclose
“Each u3a is self-funded with membership subscriptions and costs kept as low as possible.”
“The biggest challenge facing Rayleigh u3a is that it is increasingly hard to find people willing to take on Committee (Trustee) roles. There is a fear that if Rayleigh u3a in unable to recruit people to key Trustee roles the Charity may not be sustainable going forward.” — page 5
Trustees
- Amanda Jane Lowe
- Anita Waite
- Ann Laura Jolly
- Barbara Ann Whitehead
- Colin Richard Page
- DEBORAH JANE BAMBER
- Elizabeth Hawthorn
- Juli Fowles
- Kevin Bailey
- Raymond Alexander Osborne
- Shirley Page
- Stuart Evans
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £30k | £29k |
| 31/12/2024 | £29k | £26k |
| 31/12/2023 | £34k | £32k |
| 31/12/2022 | £30k | £27k |
| 31/12/2021 | £21k | £25k |
Common questions
Is RAYLEIGH UNIVERSITY OF THE THIRD AGE (U3A) financially healthy?
Per its FY2025 accounts: The accounts state that the charity met its reserves requirement for 2025, having adopted a policy target of maintaining reserves to fund 12 months of core expenditure. However, the trustees report a significant risk to sustainability, noting that it is increasingly difficult to recruit trustees and committee members to key roles. Its FY2025 accounts were independently examined.