We pay the Third Age Trust £4 for Trust membership subscription for each member. We also pay £1 per member licence fee for the use of the Beacon software management system. The Trust provides us with detailed support and guidance, legal and charity law advice, appropriate insurance and gives each member access to extensive learning resources. The total payments to the Third Age Trust represents around a quarter of our income, excluding donations received.
About £3,500 per annum or 39% of our income (excluding donations) is spent on the monthly meetings. This includes the cost of the room hire, speakers fees and refreshments. The rest of our funds are used among others to support social events, workshops, producing the regular newsletter and costs such as software and copyright licences, stationery, postage and equipment.
It should be noted that the Committee members do not receive any payment, apart from their u3a expenses.
Third Age Trust magazine
If you choose to receive the Third Age Matters (TAM) magazine you will pay an additional £4.20. This covers 5 editions sent to your home address. This cost is not included in the membership fee.
Website Hosting Fee
A volunteer-led team provide WordPress websites for u3a's on a managed platform. There is a hosting service fee of £50 per annum.