| The reserves at the end ofthe | year totalled F38,910 | and were in | the | |||
|---|---|---|---|---|---|---|
| Brief statement ofthe |
current and savings bank account. (E8,800from 2016, P4,778from 2017, |
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| charity's policy on reserves |
8920 from 2018,-F2999from | 2019, -F1578from 2020, f10,065 from | ||||
| 2021 and D8,926.04 from 2022) | ||||||
| Reserves were maintained at |
their level so as to ensure funds were | |||||
| readily available for renovation |
works to the charity building and facilities. |
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| Reserves are also maintained | to fund working capital |
and to fund | ||||
| shortfalls in the contributions when contribution does |
not reach expected | |||||
| levels. | ||||||
| Details of any funds | materially | |||||
| in | deficit | |||||
| Further financial review details |
(Optional information) |
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| You may choose to include additional information, where relevant about: ~ the charity's principal sources offunds (including |
The charity relies on donations and offerings from its members. It is recognised that donations and offerings can fluctuate from year to year. The trustees aim to ensure that the charity has sufficient resources to continue its activities and to meet its obligations to this end. It is considered prudent that sufficient liquid funds are maintained. |
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| any fundraising); | The Society does not involve | itself in any speculative | investment | |||
| ~ | how expenditure | has | activities and ensures funds are always kept safe. |
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| supported the key objectives |
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| ofthe charity; | ||||||
| ~ | investment policy |
and | ||||
| objectives including any |
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| ethical investment | policy | |||||
| adopted. | ||||||
| ~ - ~ ~ ~ ~ |
i ~ |
| ~ | a | ~ | ~ | ~ | ~ | i | ~ | ~ ~ |
~ | ~ ~ | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | |||||||||||||
| Categories | Details | funds | funds | funds | |||||||||||
| to nearest R |
to | nearest E | to nearest F | ||||||||||||
| B1Cash | funds | Bank Balance- Current | Account | 16,454 | |||||||||||
| Bank Balance- Savings | Account | 22,458 | |||||||||||||
| Total | cash funds | 38,912 | |||||||||||||
| (agree | balances | with | receipts and payments | ||||||||||||
| account(s)) | |||||||||||||||
| Unrestricted | Restricted | Endowment | |||||||||||||
| funds | funds | funds | |||||||||||||
| Details | to nearest K |
to | nearest r. | to nearest F | |||||||||||
| B2Other | monetary assets | ||||||||||||||
| Details | Fund asset |
to which belon s |
Cost (optional) | Current value o tional |
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| B3Investment | assets | Freehold | Building | 10-12Manor Road | |||||||||||
| Freehold | Development | Costs | |||||||||||||
| Details | Fund asset |
to which belon s |
Cost (optional) | Current value o tional |
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| B4Assets retained for | the | Freehold | Building | 10-12Manor Road | Unrestricted | 130,110 | |||||||||
| charity's | own | use | |||||||||||||
| Fund | to which | Amount due | When due | ||||||||||||
| Details | liabili | relates | o tional | o tional | |||||||||||
| B5Liabilities | |||||||||||||||
| Signed behalf |
by one or two trustees ofall the trustees |
on | Signature | Name | Date of a roval |
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| Mrs A Bhagwandeen | |||||||||||||||
| 31/01/2023 |