Finance Score: -5

Governance Score: 3

Support Score: 2

Fundraising costs high: -5

12+ Trustees: -1
Narrow trustee age band: -2
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +2

Overall GiG Score: 0

THE THIRD AGE TRUST

The Third Age Trust is the national representative body for The University of The Third Age movement in the UK providing a wide range of support services to existing U3As. In addition it helps to develop new U3As and to raise the profile and increase awareness of the movement throughout the UK.

Analysis by Giving is Great

Positives:

The charity has received modest backing from several prominent grant makers recently
There have been no material income shortfalls in recent years
The Board appears to be well diversified in terms of gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return
There are 15 trustees whereas the Charities Commission recommends a maximum of 12
The Board has little diversity in terms of age

Financial issues to consider:

Fundraising costs are extremely high relative to funds raised

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23		£2,975	£2,871	£104	£1,297	£2,161	£2,152	9	19	300
31/03/22		£2,898	£2,597	£301	£1,288	£2,057	£2,045	9.5	18	300
31/03/21		£3,034	£2,743	£291	£1,410	£1,756	£1,745	7.6	18	300
31/03/20		£3,307	£3,304	£2	£1,469	£1,465	£1,453	5.3	17	315
31/03/19		£3,271	£2,991	£280	£176	£1,463	£1,453	5.8	13	300
31/03/18		£2,846	£2,903	£-57	£118	£1,184	£1,184	4.9	12	0
31/03/17		£2,582	£2,491	£92	£31	£1,241	£1,241	6	8	0
31/03/16		£2,371	£2,338	£33	£33	£1,149	£1,149	5.9	10	0
31/03/15		£2,249	£2,052	£197	£210	£1,128	£1,116	6.5	10	0
31/03/14		£2,142	£1,849	£293	£201	£931	£919	6	10	0
31/03/13		£1,781	£1,705	£76	£239	£637	£634	4.5	10	0
31/03/12		£1,667	£1,560	£107	£233	£562	£560	4.3	10	0
31/03/11		£1,453	£1,351	£102	£209	£455	£447	4	10	0
31/03/10		£1,207	£1,236	£-29	£148	£352	£314	3	10	0
31/03/09		£998	£106	£892	£133	£381	£364	41.4	10	0
31/03/08		£901	£866	£35	£118	£389	£370	5.1	10	0
31/03/07	*	£727	£703	£24	£97	£354	£331	5.6	3	0
31/03/06	*	£629	£607	£22	£0	£0	£0	n/a	0	0
31/03/05		£639	£559	£80	£0	£0	£0	n/a	0	0
31/03/04		£609	£583	£25	£0	£0	£0	n/a	0	0

Show more rows -->

Show financials table -->

Download accounts

Financial Ratios

Fundraising Costs/Relevant Income: 83.9%
Fundraising Costs/Total Spending: 45.2%
Senior Staff Costs/Total Spending: 6%
Highest pay band: £80,000-£90,000
Liabilities/Assets: 12%
Liabilities/Income: 10%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 9 months
Net Current Assets/Spending: 9 months
Quick Ratio: 6.8

Asset Split ?

Established: 41 years

www.u3a.org.uk

national.office@u3a.org.uk

02084666139

Charity Commission for England and Wales

Tweets

Listed activities

Education/Training

GiG Classification

Technical, vocational and continuing education

How it operates

Acts as an umbrella or resource body

Where it operates

Northern Ireland, Scotland, Throughout England And Wales,

Who it helps

Elderly/Old People

Who works here?

19 employees
300 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
Co-Operative Group - Grant to Ruddington & District U3A
£2,171	21/10/2023	We aim to hold targeted sessions to provide our members with knowledge and information relating to physical, financial, personal safety and health issues.
Co-Operative Group - Grant to Calverton and District u3a
£1,201	21/10/2023	We will bring people together through informal social and learning activities, helping to; promote mental wellbeing; foster self-confidence; reduce isolation; build social connections.
City Bridge Trust - Grant to The Third Age Trust (U3A)
£5,000	07/05/2020	A grant of £5,000 to fund the essential and urgent costs outlined in the application, so that the organisation can carry on providing support to Londoners.
National Lottery Heritage Fund - Grant to U3A Wessington
£10,000	14/12/2017	Now this Lousy War is Over
National Lottery Heritage Fund - Grant to U3A Wessington
£10,000	27/04/2015	From Washington to Wipers and Warlencourt

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (15)

Current Trustees appointed

Gender Split

Age Range of Trustees: 67-82

ALLAN GRAHAM WALMSLEY Appointed: 2020, Occupation: Retired

COLIN STUART LUKER Appointed: 2024, Occupation: Retired

DAVID BLANCHFLOWER Appointed: 2024, Occupation: Retired

DR ELIZABETH JANE THACKRAY (Chair) Appointed: 2021, Occupation: Retired

JEAN CUBBIN Appointed: 2023

JOHN LEWIS Appointed: 2023, Occupation: Retired Solicitor Advocate

MARGARET ANNE FIDDES Appointed: 2020, Occupation: Self Employed Part Time Florist

MARY ELIZABETH ERVINE Appointed: 2022, Occupation: Retired Headteacher

MAURICE PEARSE AUSTIN Appointed: 2023, Occupation: Retired; Chartered Human Resources Professional

SUSAN ELIZABETH BERRY OBE Appointed: 2020

SUSAN PARKER Appointed: 2020, Occupation: Retired

DEREK MURRAY HARWOOD Appointed: 2021, Occupation: Retired, Other trusteeships: JINJA DEAF, ISLINGTON U3A,

JEAN JACKSON Appointed: 2023, Occupation: Retired, Other trusteeship: INTERNATIONAL LONGEVITY CENTRE-UK,

VALERIE THELMA COBAIN Appointed: 2019, Occupation: Retired Pa

JOHN BENT Appointed: 2017, Occupation: Retired Accountant, Other trusteeships: BARNET U3A, LONDON REGION OF U3AS,

Legal constitution

Charitable company registered in England & Wales on 14/11/1983, number: 288007
Registered at Companies House on 06/10/1983, number: 01759471

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
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
Internal risk management policy and procedures
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

20 returns made; AR07: 1 days late, AR06: 74 days late,

Main office

Unit 104
The Foundry Business Centre
156 Blackfriars Road
LONDON
SE1 8EN

Objectives

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

Defined Area of Benefit:

NOT DEFINED

Data Sources