OpenCharities

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2023-10-31-accounts

Financial Review
Review ofthe charity's The charity is in a positive financial position
financial poslfion atthe end with an income surplus and suflicient
ofthe period reserves
in
it's bank account to continue to
fulfil it's ob'ectives.
Statement
explaining
the
Itisthe policy ofthe charity to maintain
policy for holding reserves unrestricted funds, which are the free
slatlllg
wtrir fiiey aie held
reserves of the charity.
Amount ofreserves held 60
Reasons for holding zero The bank balance provides for sutfictent
resolves funds to cover the administrative
costs.
Detafis offund materially in Para 124 None
deficit
Explanafion
ofany
None
uncertainties
about the
charity continuing
as a going
concern

Description
ofcharity's
Description
ofcharity's
tNsts:
Type of governing document Para I 25 Trust Deed
&Iee
I
rn
-11
' tteftel I
How is the charity Para I 25 CIO
constituted7
re 9 oninoorrroreted
cnoretion
r
I
lr
Trustee selection methods
including
details ofany
Para I.ZI The charity's
should have
constitution
a minimum
states
of3and
the
a
charity
maximum
constitutional
provisions
e.g. of5trustees.
election to post or name of
any person or body entitled
to appoint one or more
trustees
New trustees are appointed
by way ofcalling
a trustee
meeting and by passing
resolution
through
majority vote. The members
ofCIO,
which are the charities trustees, are entitled
to vote.

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