thc year endcd 31 Augi* 2023. Bristol BS8 21S Date: 30 Novanbrz 2023
unrestric Funds Restrlcted/Des¥nated Funds Bulld1 Fund Educatlcm Fund 3973 46N50 -14.8% Others Endowment Funds Totsl Funds 39573 46,450 -14.8% Ratlo of Reserves to Annual Operatlrq Expendlture 27% The reserves that have set aslde provlde ilnala1 stsblllty and the mean5 for the development of our prindpal actfvitle& We Intend to iwease our rer¥e5 to a level whlth15 at least equlvalent to £51,8(K) that we belleve wlll be en to ¢ater for our needs In the next flnandal year. Thts Is 8fven our n••d to hav• •rK)h Cath Flow and the prospect of other ntualItIe& suth as the closure of the Yor0uP and the need to pry for redwthw to 1 the >t•ff. We Intend to use the reserws In th• folk>wlrva rnnner In th• Iln•rtl•l ywr 202>20 A) Should local aut fundlry be vAthdrawn. or a fatal sltuatlon occur4 that would requlrn the dosurn of the playgrw and th• of all th• staff. a r•s•r¥• of £4L8Crf) h•$ been set aslde to enable thes• WKMWrts to Ix pald. Thls tl8ure has been cakulated to oter for thls event at any thne durlry the year and Indudes. Pay In Ueu of Notlce. pay for the Current Worklrq Month. estlmated unpald Hollday Pay ar RedwwJaKy Pay. for all current employees. B) £10,1 of our reSerS Is set aslde to cater for 'cash requkements. Thls represents approxlmatety weeks of ow cash lknw expermkn. We ftd this to be wudent and necessary. The 808rd of Tntstees wlll arKKwlly rtsiew the arnwnts of reswve5 that requlred to ensure that they are adequate to fuml our mntlnulry obla Slgned Chalrnwn of the Board of Trustees
o4gH IN MIIID lNLfvWDRE4WfftPAth INLANDREYEX S&7
ENDAPEFÉÈ 4ts PAYMENTS FQR iWF¢JH tIlAflEa&EMPLUERJ flL RENT tsILiEQElhrn•M1•31m 274 CNLD*NS8IiIQ(9 L4YS TEl£PNE 127A07