UNIVERSITY OF THE THIRD AGE (MERTON BRANCH)
University of the Third Age
Financial health, per its FY2024 accounts
The accounts state that the charity held unrestricted reserves of approximately £39,891 at the end of the year, which the trustees describe as equating to approximately three years of unfunded expenses. This position is characterized as 'very healthy' following surpluses during the pandemic years. The charity's business model relies on interest groups being self-financing, with central costs covered by low-rate member subscriptions.
What the accounts disclose
“As the charity's accounting is on a receipts and payments basis, the above bank balances equate to the charity's reserves and amount to approximately three years of unfunded expenses.”
Trustees
- Jane Fisherchair
- Clare Marguerite Gray
- Diane Hofkins
- Linda Thomas
- Michael Dawson
- PAUL EVANS
- Ruth Cooke
- Susan Tickner
- Suzanne Shawcross
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £30k | £28k |
| 31/12/2023 | £29k | £26k |
| 31/12/2022 | £23k | £22k |
| 31/12/2021 | £16k | £12k |
| 31/12/2020 | £17k | £11k |
Common questions
Is UNIVERSITY OF THE THIRD AGE (MERTON BRANCH) financially healthy?
Per its FY2024 accounts: The accounts state that the charity held unrestricted reserves of approximately £39,891 at the end of the year, which the trustees describe as equating to approximately three years of unfunded expenses. This position is characterized as 'very healthy' following surpluses during the pandemic years. The charity's business model relies on interest groups being self-financing, with central costs covered by low-rate member subscriptions. Its FY2024 accounts were independently examined.