The Group's policy on reserves is to hold sufficient resources to
continue the group's charitable activities should income and fundraising
activities fall short.
Reserve Amount
The Board of Trustees considers that the group should hold circa £13,500 to cover for this eventuality. This figure has been identified from
the following breakdown.
£5,000 to cover any Event commitments
£1,000 to cover any utilities or building costs
£1,500 to cover 3 months rent
£5,000 to cover any unforeseen loss of income/emergency running costs
£1,000 to cover prepaid card cash flow
Use of the reserve amount above and below the minimum
If development is required by the group or the location where the group
reside. In that case, the reserves above and below the reserve minimum
can be used if a sufficient reason is provided to the Board of Trustees
committee meeting. This will be documented in the Board of Trustees
minutes, and work can only commence with the approval of the Board of
Trustees. However, if the decision is to go below the reserve, all
effort will be made to restore the baseline reserve.