U3A Foyle
Latest income
£256k
Latest spending
—
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that unrestricted reserves of £124,354 exceed the directors' stated policy target of approximately £62,500. The trustees consider these reserves adequate to fund activities for the foreseeable future, resulting in a cash surplus for the year.
What the accounts disclose
Employees paid over £60,000: 0
Per FY2025 accounts as filed with CCNI.
Reserves policy: six months administration costs and salaries which would currently be in the region of £62,500 (held: £124k)
“The Directors consider that a satisfactory level of unrestricted reserves is six months administration costs and salaries which would currently be in the region of £62,500.” — page 7
Per FY2025 accounts as filed with CCNI.
Independent examiner: Stephen Doherty
Per FY2025 accounts as filed with CCNI.