Investment Approval
4th Ashby Group will only make investment decisions with the approval of the Board of Trustees.
Trustees must
- Try to secure the best financial return (within the appropriate level of risk) for the charity’s money
- Decide how money is to be spent fulfilling the documented charity’s aims.
- take advice, selecting the right investments and communicating their decisions to the group
Investment Decisions
Investment decisions can include, but are not limited to,
- Purchase of land, property
- Moving of bank and monetary assets
- Selling of existing or purchase of new, significant assets
Investment Plan
- At the start of the year (as part of the budgeting process), 4th Ashby Group must identify expenditure areas the whole group is moving towards.
- Any monetary needs/risks should be identified at the start of the year and monitored throughout the year.
- If investment is needed, then the Group will follow the Charity Commission and the Scout Association guidelines.
Current 4th Ashby Investment Policy Decision
The Group does not have sufficient funds to invest in long-term
investments. The Group has therefore adopted a risk-averse strategy to
invest its funds.
All funds are held in cash and are used only by recognised UK banks or building societies.