| inancial Review |
inancial Review |
inancial Review |
inancial Review |
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| Review ofthe charity's | Para | 1 21 | The charity is in a healthy financial position, |
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| financial position at the end |
due to considerable grants we have |
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| ofthe period | received and regular hirers and regular | ||||||||
| one-off hirings. We have completed the |
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| works mentioned above and have the |
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| confidence to plan other projects to | |||||||||
| maintain the building for the foreseeable |
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| future. The hall is being re-decorated at |
a | ||||||||
| substantial cost during the summer |
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| holidays. These three major investments | |||||||||
| would be completely beyond our financial; |
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| capabilities if it wasn't for the grants. This |
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| also removes an enormous amount of |
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| stress as trustees. | |||||||||
| Statement | explaining | the | Para | 1.22 | We have reserves at their current level |
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| policy for holding reserves | simply because ofthe grants we have | ||||||||
| stating why | they are held | received. As the day to day running costs |
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| have been met by our regular income, we | |||||||||
| have signposted grant money for bigger |
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| projects. In future, we hope to maintain | a | ||||||||
| reasonable level ofreserves which would |
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| cover the cost ofa significant works that |
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| may be needed, or go a long way towards |
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| the cost, for example roof repairs or a | |||||||||
| replacement floor. In the coming year the |
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| current reserves will be reduced as we are |
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| in the process, as a committee, ofcreating |
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| a Wish list' ofthin sthe hall needs. | |||||||||
| Amount of | reserves held | Para | 1.22 | 828,821 | |||||
| Reasons for holding zero | Para | 1.22 | |||||||
| reserves | |||||||||
| Details offund materially | in | Para | 1.24 | ||||||
| deficit | |||||||||
| Explanation | ofany | Par | 122 | As things stand, we are in afortunate | |||||
| uncertainties | about the | position to not be concerned. Once the | |||||||
| charity continuing | as | a going | money we received in grant form has been |
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| concern | spent, the income from hiring will cover | our | |||||||
| expenditure and hopefully build up a small |
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| reserve to be used when needed. |
| charity continuing as a concern |
going | going | money we received spent, the income fr expenditure and hop reserve to be used |
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| Additional Information |
(optional) | ||
| You ma choose to indude |
further statements | where relevant about | |
| The charity's principal sources offunds (including |
Para 1st | ||
| any fundraising) | |||
| Investment policy and |
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| objectives induding any |
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| social investment policy |
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| adopted |