OpenCharities

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2021-12-31-accounts

Page
Trustees' report 1-5
Independent examiner's report
Receipts and payments accounts
Briefstatement
ofthe
Briefstatement
ofthe
Briefstatement
ofthe
The club does not have a reserves The club does not have a reserves The club does not have a reserves The club does not have a reserves policy, however, it maintains it maintains sufficient sufficient
charity's
policy on reserves
funds to provide
financial
stability,
its principal
activity.
and the means for the development of
We are currently working
towards
being able to replace our club hut roof,
which
we
estimate
will
cost
upwards of F60,000. With
the
COVID
restrictions
over
the past couple ofyears we have not been able to move
this project forward, but are hoping to be able to get this started in 2022.
In addition
the
club generator and sewage
macerator
are reaching the
end of their expected
lifespan,
with
replacement
costs in the region of
220,000. Funds are kept available to replace them instantly
should they
fail as the club cannot o crate without them.
Details ofany funds materially
in deficit N/A
Further financial
review details
(Optional
information)
You may choose to include
additional
information,
where
relevant about:
The Trustees have considered
the ongoing
impact ofCOVID-19 on the
Club's finances,
and are satisfied
it has sufficient resources to continue
operating
for the foreseeable
future.
~ the charity's
principal
sources offunds (including
any fundraising);
~ how expenditure
has
supported
the key
objectives
ofthe charity;
~ investment
policy and
objectives
including
any
ethical investment policy
adopted.