ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
COMMUNITY THEATRE COMPANY
RAH RAH COMMUNITY THEATRE COMPANY
(A COMPANY LIMITED BY GUARANTEE) COMPANY REGISTRATION No: 10465606 CHARITY REGISTRATION No: 1172149
Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
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RAH RAH COMMUNITY THEATRE COMPANY
(A COMPANY LIMITED BY GUARANTEE)
CONTENTS
| Page 3 | Legal & Administrative Information |
|---|---|
| Pages 4 to 7 | Report of the Directors' |
| Page 8 | Statement of Financial Activities |
| Page 9 | Balance Sheet |
| Pages 10 to 16 | Notes to the Financial Statements |
| Page 17 | Independent Examiner's Report |
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RAH RAH COMMUNITY THEATRE COMPANY
(A COMPANY LIMITED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER 1172149 COMPANY REGISTRATION NUMBER 10465606 DATE OF INCORPORATION 7th November 2016 START OF FINANCIAL YEAR 1st April 2021 END OF FINANCIAL YEAR 31st March 2022 DIRECTORS AT 31ST MARCH 2022 Gemma Beattie Eileen Gregory Eleanor Keevil Catherine Spooner
GOVERNING DOCUMENT Memorandum and Articles of Association incorporated 7th November 2016 As Amended by Special Resolution Dated 28th February 2017.
OBJECTS
To advance education for the public benefit and preserve and protect the good physical and mental health of the general public by the provision of Artistic performances and workshops.
REGISTERED ADDRESS 9 Heath Drive London SW20 9BE PRIMARY BANKERS Barclays Bank Plc 1 Churchill Place London E14 5HP INDEPENDENT EXAMINERS Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
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RAH RAH COMMUNITY THEATRE COMPANY
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE DIRECTORS'
FOR THE YEAR ENDED 31ST MARCH 2022
Governing Document
Rah Rah Community Theatre Company is a charity constituted as a private company limited by shares. Its purpose and administration arrangements are set out in the constitution. The constitution was adopted on 7th November 2016 and amended by special resolution on 28th February 2017.
Recruitment and Appointment of Trustees
Recruitment and appointment of trustees is done by the company. Gaps in experience and expertise are identified and a search for new trustees from our own networks is carried out. As written in the Articles of Association, trustees of the charity should be:
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Over 16 years old
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Not disqualified from directorship
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Not disqualified from charity trusteeship
Objects of the Charity
The Charity’s objects are to advance education for the Public Benefit and to preserve and protect the good physical and mental health of the general public by the provision of artistic performances and workshops. Our aim is to take theatre into the community that makes an impact, having a particular focus on using theatre for social change so as to raise awareness and using theatre as a form of therapy. We specialise in physical theatre, audience interaction and using drama therapy techniques.
Main Activities for the benefit of the public in the Period
The trustees have read the guidance issued by the Charity Commission on public benefit and will continue to deliver the charity’s projects within the guidance.
Main Achievements of the Charity in the period
• Rock Around the Clock August – September 2021 (Final dates due to Covid August –October 2021) - Our Rock Around the Clock was a musical comedy and love story, set in the 50’s containing all the popular tunes of that time. The show toured community venues in London and the Home Counties primarily to an elderly or learning difficulties audience. Rah Rah received funding from the Culture Recovery Fund, Heart of Bucks (Community Foundation for Buckinghamshire), The R C Sherriff Trust and the Arnold Clark Community Fund to support the tour and offer shows to our most in need groups. This project brought some much needed joy and fun to elderly audiences and staff who have worked hard to adapt and cope during the pandemic. The tour was a celebration for community groups and care homes as they re-opened their doors.
• Dick Whittington 29 November 2021 – 21 January 2022 - Dick Whittington was an original pantomime with a twist! The show had plenty of songs, dancing, and comedy for the audience to join in with and enter into the spirit of Christmas. The show toured 180 community venues in London and the Home Counties primarily to an elderly or learning difficulties audience. The show was well received by all and we were pleased to see numbers of bookings back up after COVID.
• Jingle Bell singers 28th November to 30th December 2021 - A collection of ‘feel good’ Christmas songs performed by our ‘Christmas Carollers’ with 3 part harmonies and a comic through line. The show toured 38 community venues in London and the Home Counties primarily to an elderly or learning difficulties audience.
• Work Related Learning Shows (Ongoing Project) - We continued to tour our shows: “Wex Factor” which prepares pupils for work experience and the world of work; “Enterprise: The Next Generation” which introduces pupils to the idea of Business and Enterprise; and our Communication Workshop which looks at enhancing pupils' communication skills in the workplace and in everyday life. We toured 20 schools across London and the Home Counties. We received funding from the KFC foundation to offer 5 free shows/workshops to schools and NEET groups in Merton.
• Teddy Bear’s Picnic(Ongoing Project) - Our old show, Rainy Day Bear’s Adventure was re-branded and re-marketed this year as Teddy Bear’s Picnic. The show is about Milly and her Bear who go on an exciting adventure to get to the picnic on time! The show incorporates puppets, well-known songs and dancing together with important educational areas such as numbers, colours and shapes. It is aimed at children aged 2-6. We went to some lovely new venues this year, including Chelsea Theatre and Nene Park which have opened up doors to new future work.
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New Admin and Marketing Member of Staff - Due to funding received from the Arts Council we were able to continue to
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employ our marketing and admin member of staff who has become a valuable member of the team and has assisted the charity in its recovery from the pandemic. We aim to continue to employ him which will enable the artistic team to spend more time focusing on new artistic projects.
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RAH RAH COMMUNITY THEATRE COMPANY
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE DIRECTORS' (Continued) FOR THE YEAR ENDED 31ST MARCH 2022
Challenges Faced
Unfortunately due to Covid we have needed to reschedule about a third of all our shows booked for the period. This has been due to venues having cases of Covid, government guidelines lengthening lockdown and also our actors contracting Covid. Our admin team has had to put in an unprecedented amount of additional hours, some of which were unpaid. If we had not had the additional support of our admin and marketing officer funded by the Culture Recovery Fund, none of this would have been possible as we would not have had sufficient man hours. Due to the unforeseen additional work, instead of creating new artistic projects this year we have reused tried and tested projects. Bookings for both our work related learning shows and Teddy Bear’s Picnic were disappointingly lower than expected primarily due to insufficient time to market these projects.
Snap Shot of Feedback received this year
· It brought life to the centre after such a long period of being closed. It was the first entertainment our members had been able to enjoy since Covid. The performers were excellent and very friendly.
· It was fun and interactive. The cast were very much in tune with our clients and reacted to them as individuals.
· It was so entertaining and the look on Dad's face made our day! They went out of their way to include the Residents and remembered their names - I was so surprised when they called Mum by her first name - it was wonderful.
· They loved it, they were able to identify the songs and sing along to them.
· Our members were over the moon to have the opportunity to get up and dance to the performance and have some fun interactions with the performers.
· The cast were absolutely brilliant . Lovely people, interacted with all our service users, were so friendly, great singers and dancers. After the show they took time to chat to our staff and service users. Will definitely use them again. Thank you all.
· Keep going, fantastic work. Loved the way you were all so personable and chilled and picked the right people in the audience to include in jokes! I think many of us were crying with laughter at one point!.
· it was lovely having live entertainment back in the home after such a long time, your guys were prompt, took time to listen to our residents and were funny. It was a great show and we will definitely have you back in for Christmas, Covid permitting of course.
· "One of our residents who normally wanders constantly, sat through the whole show and made comments such as "wonderful" and "very good" He even laughed at the jokes.
· Some of our residents who don't normally come down to entertainment, stated that they would like to come down again if Rah Rah were coming.
· One of our lovely residents who sits and doesn't show any interest and often says music is too loud, was tapping her foot along to the music, and was giggling when one of the performers came over to sing to her.
· Even the staff commented on the talent of the young people and are begging me to book them again.
· "They were brilliant!" "They are so talented" "It is so nice to have something different". These performers are amazing and do not realise how much enjoyment they bring to the clients.
· The residents we have in our care home have complex needs and we had a residents family member in that day and she really enjoyed the show as she said that her husband was really showing an interest in the music and was smiling and singing along to every song. Also the residents were all smiling after the show and some of the residents that can give feedback said it was a fantastic show and would love to have them back again in the home.
· A relative popped in the following day to ask what had happened the day before as the gentleman had gone home in a completely different mood and was so much happier than when he came in on the day of the entertainment.
· The highlight of my day was seeing one of our usually disengaged residents with dementia come to life with smiles and singing – it was truly a joy!. Please pass on our praise and thanks again to Matt, Lily and Lydia for bringing some much-needed festive fun during these strange and sometimes scary times.
· A big thank you to your talented performers in putting on DICK WHITTINGTON at our centre during such extraordinary times. Whilst only 5 people came to see it at the centre 31 saw it in the comfort of their own home online. We also provided a live link up via zoom to the local Children’s Centre and a Care Home with a total of over 50 people taking part! A big thank you to the three accomplished performers who strived to ensure that everybody had a good time!
· "Why can’t we see these shows more often”. " I haven't laughed so much is years". "My face aches through smiling".
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RAH RAH COMMUNITY THEATRE COMPANY
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE DIRECTORS' (Continued) FOR THE YEAR ENDED 31ST MARCH 2022
Full Feedback Surveys and Project Evaluations
Full feedback and evaluations received can be viewed on the following link: https://www.rahrahtheatre.com/evaluation-forms
Plans for the Future
This report was made in October 2022. The charity feels it has survived the Covid crisis and is well on the way to recovery. Rah Rah is waiting in anticipation for the result of its NPO application for with the funding received we would like to continue to employ our marketing and admin member of staff, employ a part time funding officer, update our booking system, and most importantly create new artistic projects. If NPO funding is successful the new projects Rah Rah would like to start to work on are a piece on County Lines, a new community show and sourcing the opportunity to run another in house theatre panto. If we are unsuccessful these goals will remain the same: however we will seek funding from other sources and these goals may take longer to achieve. As well as starting new artistic projects we plan to continue to run our 3 ongoing schools’ projects, 3 community tours, our Teddy Bear’s Picnic show and finally revamp and market our human trafficking project. We also plan to
Reserves Policy
The charities reserves target is £18,000 which is equal to three months payroll costs to pay our core team.
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RAH RAH COMMUNITY THEATRE COMPANY (A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022
(Incorporating Income and Expenditure Account)
| Notes INCOMING RESOURCES Incoming Resources from Generated Funds Donations, Grants & Legacies 3a Activities for Generating Funds 3b Other Incoming Resources 3c TOTAL INCOMING RESOURCES RESOURCES EXPENDED Cost of Generating Funds Charitable Activities 4a Governance Costs 4b TOTAL RESOURCES EXPENDED NET INCOMING/ (OUTGOING) RESOURCES Balance Brought Forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2021/22 2020/21 £ £ £ £ - 85,739 85,739 52,201 - 48,427 48,427 250 - 2,240 2,240 - - 136,406 136,406 52,451 - 110,120 110,120 48,837 - 2,976 2,976 700 - 113,096 113,096 49,537 - 23,310 23,310 2,914 - 4,021 4,021 1,107 - 27,331 27,331 4,021 |
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 10 to 16 form part of these financial statements.
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| Unrestricted | Restricted | Tqtal | Tgtal | |||
|---|---|---|---|---|---|---|
| Funds | Funds | 3l-Mar-22 31.Mar-21 |
||||
| Note | f | e | e | f | ||
| FixedAssets | ||||||
| Tangible Assets | 2 | 4,327 | 4,327 | |||
| Current Assets | ||||||
| Debtars & Prepayments | 7 | |||||
| Cashat Bank and inHand | 6 | 24,2M | 24,2M | 4,771 | ||
| Total Current Assets | 24,284 | 24,2U | 4,7Z',t | |||
| Creditors:amaunts falling due within one year | I | 1,200 | 1,200 | 700 | ||
| HET'i IE}BETITA+C=TG |
23,004 | 23,004 | Aoaa | |||
| Creditors:amounts falling due in more than | I | |||||
| one year | ||||||
| TOTALA,SSETS lesscurrent Iiabilities | 27,331 | 27,331 |
4,021 | |||
| NETASSETS | - | 2?,331 | 2?,331 | 4,021 | ||
| Funds oftheCharity | ||||||
| General Funds | ||||||
| Restricted Funds | 5 | 27,331 | z/,JJ I |
4,021 | ||
| Total Funds | 27,331 | 27,33',1 | 4,O21 |
RAH RAH COMMUNITY THEATRE COMPANY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
1. ACCOUNTING POLICIES
Basis of Preparation & Assessment of Going Concern
Basis of Preparation
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1st January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
Incoming Resources
Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
▪ the Directors are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
Incoming Resources with Related Expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
Grants and Donations
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Tax Reclaims on Donations and Gifts
Incoming resources from tax reclaims are included in the SOFA in the same financial period as the gift to which they relate.
Contractual Income and Performance Related Grants
This is only included in the SOFA once the related goods or services has been delivered.
Gifts in Kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
Donated Services and Facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Volunteer Help
The value of any voluntary help received is not included in the accounts but is described in the Directors' annual report.
Investment Income
This is included in the accounts when receivable.
Investment Gains and Losses
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
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RAH RAH COMMUNITY THEATRE COMPANY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022
1. ACCOUNTING POLICIES (Continued)
Expenditure and Liabilities
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the Directors' meetings and cost of any legal advice to Directors on governance or constitutional matters.
Changes in Accounting Policies and Previous Accounts
There has been no change to the accounting policies (variation rules and methods of accounting) since last year, and no changes to the previous accounts.
Grants Payable without Performance Conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
Unrestricted funds
These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.
Restricted funds
These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes.
Taxation
The charity is exempt from tax on its charitable activities.
Legal Status of the Charity
The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
Fixed Assets
These are capitalised if they can be used for more than one year, and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
Depreciation Expense
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied per annum are as follows:
| r annum are as follows: | |
|---|---|
| Equipment Cost | 25% - Reducing Balance Basis |
| Motor Vehicles | 33.33% - Straight Line Basis |
2. TANGIBLE FIXED ASSETS
| Cost 01-Apr-21 Additions Cost at 31-Mar-22 Depreciation 01-Apr-21 Charge Depreciation at 31-Mar-22 Net Book Value 31-Mar-22 Net Book Value 31-Mar-21 |
Motor Equipment Total Vehicles Cost 2021/22 £ £ £ - - - 6,490 - 6,490 6,490 - 6,490 - - - 2,163 - 2,163 2,163 - 2,163 4,327 - 4,327 - - - |
|---|---|
The annual commitments under non-cancelling operating leases and capital commitments are as follows:
31st March 2022 : None
31st March 2021 : None
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RAH RAH COMMUNITY THEATRE COMPANY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022
3. INCOMING RESOURCES
| a) Donations, Grants & Legacies Grants Received b) Activities for Generating Funds Ticket Sales c) Other Incoming Resources Sundry Income 4. RESOURCES EXPENDED a) Charitable Activities Accommodation Costs Acting Costs Administrative Costs Advertising & Publicity Costume & Set Costs Depreciation Expense Directors Fees Fundraising Costs Insurance Costs Office Costs Production Costs Rehearsal Costs Travel & Subsistence Writers Fees b) Governance Costs Independent Examiners Fee Legal & Professional Fees |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2021/22 2020/21 £ £ £ £ - 85,739 85,739 52,201 - 85,739 85,739 52,201 - 48,427 48,427 250 - 48,427 48,427 250 - 2,240 2,240 - - 2,240 2,240 - Unrestricted Restricted TOTAL TOTAL Funds Funds 2021/22 2020/21 £ £ £ £ - 96 96 - - 40,233 40,233 23,534 - 45,177 45,177 15,964 - 4,467 4,467 1,649 - 715 715 - - 2,163 2,163 - - 2,426 2,426 1,420 - 1,000 1,000 - - 803 803 - - 1,852 1,852 137 - 7,494 7,494 4,651 - 280 280 345 - 2,789 2,789 912 - 625 625 225 - 110,120 110,120 48,837 - 850 850 700 - 2,126 2,126 - - 2,976 2,976 700 |
|---|---|
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RAH RAH COMMUNITY THEATRE COMPANY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022
5. RESTRICTED FUNDS
CURRENT FINANCIAL YEAR
| Theatre Fund PREVIOUS FINANCIAL YEAR Theatre Fund |
Balance Balance 01-Apr-21 Income Expenditure Transfers 31-Mar-22 £ £ £ £ £ 4,021 136,406 113,096 - 27,331 4,021 136,406 113,096 - 27,331 Balance Balance 01-Apr-20 Income Expenditure Transfers 31-Mar-21 £ £ £ £ £ 1,107 52,451 49,537 - 4,021 1,107 52,451 49,537 - 4,021 |
|---|---|
The Restricted Funds held are wholly represented by the Charity's Cash Reserves and are to be expended as specified above.
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RAH RAH COMMUNITY THEATRE COMPANY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022
6. CASH AT BANK AND IN HAND
| Cash at Bank and in Hand 7. DEBTORS AND PREPAYMENTS Sundry Debtors |
Unrestricted Restricted Total Total Fund Fund 31-Mar-22 31-Mar-21 £ £ £ £ - 24,204 24,204 4,721 - 24,204 24,204 4,721 Unrestricted Restricted Total Total Fund Fund 31-Mar-22 31-Mar-21 £ £ £ £ - - - - - - - - |
|---|---|
8. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Independent Examiners Fee Sundry Creditors |
Unrestricted Restricted Total Total Fund Fund 31-Mar-22 31-Mar-21 £ £ £ £ - 850 850 700 - 350 350 - - 1,200 1,200 700 |
|---|---|
9. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The Charity held no long term liabilities during this or the previous financial year.
10. NET ASSETS BETWEEN FUNDS
| Fixed Asset Investments Net Current Assets Long Term Liabilities |
Unrestricted Restricted Total Total Funds Funds 31-Mar-22 31-Mar-21 £ £ £ £ - 4,327 4,327 - - 23,004 23,004 4,021 - - - - - 27,331 27,331 4,021 |
|---|---|
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RAH RAH COMMUNITY THEATRE COMPANY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022
11. RECONCILIATION OF MOVEMENT ON CAPITAL AND RESERVES
The Company is Limited by Guarantee (10465606) and is a Charity registered with the Charity Commission (1172149) and does not have a Share capital and has no income subject to Corporation Tax.
| Profit / Deficit for the financial year Other Recognised Gains Balance Brought Forward Closing Funds at 31st March 2022 12. STAFF COSTS AND NUMBERS Gross Wages, Salaries & Fees Employer's National Insurance Costs Pension Contributions Employees who were engaged in each of the following activities: Charitable Activities |
TOTAL 2021/22 £ 23,310 - 23,310 4,021 27,331 TOTAL 2021/22 £ 45,177 - - 45,177 TOTAL 2021/22 3 |
TOTAL 2020/21 £ 2,914 - 2,914 1,107 4,021 TOTAL 2020/21 £ 15,964 - - 15,964 TOTAL 2020/21 2 |
|---|---|---|
The Charity operate a PAYE Scheme to pay all employed members of staff. The Charity also employs members of staff on a Self-Employed basis and is not liable for their Income Tax and National Insurance payments. No members of staff received emoluments of over £60,000. (2020/21:None)
13. DIRECTORS AND OTHER RELATED PARTIES
During the financial year Director Gemma Beattie received £1,951 (2020/21:£360) in administrative expenses for work carried out in furtherance of the Charity's objects.
No other payments were made to Directors or any persons connected with them during this financial period. No other material transaction took place between the organisation and a Director or any person connected with them.
14. RISK ASSESSMENT
The Directors actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Directors have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
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RAH RAH COMMUNITY THEATRE COMPANY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022
15. RESERVES POLICY
The Directors have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Directors aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The directors will endeavour not to set aside funds unnecessarily.
16. PUBLIC BENEFIT
The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
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