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|inancial<br>Review|inancial<br>Review|inancial<br>Review|inancial<br>Review|||||||
|---|---|---|---|---|---|---|---|---|---|
|Review ofthe charity's||||||Para|1 21|The charity is in a healthy<br>financial<br>position,||
|financial<br>position at the end||||||||due to considerable<br>grants we have||
|ofthe period||||||||received and regular hirers and regular||
|||||||||one-off hirings. We have completed<br>the||
|||||||||works mentioned<br>above and have the||
|||||||||confidence to plan other projects to||
|||||||||maintain<br>the building<br>for the foreseeable||
|||||||||future. The hall is being re-decorated<br>at|a|
|||||||||substantial<br>cost during the summer||
|||||||||holidays. These three major investments||
|||||||||would be completely<br>beyond<br>our financial;||
|||||||||capabilities<br>if it wasn't for the grants. This||
|||||||||also removes an enormous<br>amount<br>of||
|||||||||stress as trustees.||
|Statement|explaining|||the||Para|1.22|We have reserves at their current<br>level||
|policy for holding reserves||||||||simply because ofthe grants we have||
|stating why|they are held|||||||received. As the day to day running<br>costs||
|||||||||have been met by our regular income, we||
|||||||||have signposted<br>grant money for bigger||
|||||||||projects. In future, we hope to maintain|a|
|||||||||reasonable<br>level ofreserves which would||
|||||||||cover the cost ofa significant<br>works that||
|||||||||may be needed,<br>or go a long way towards||
|||||||||the cost, for example roof repairs or a||
|||||||||replacement<br>floor. In the coming year the||
|||||||||current reserves<br>will be reduced as we are||
|||||||||in the process, as a committee,<br>ofcreating||
|||||||||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<br>in grant form has been||
|concern||||||||spent, the income from hiring will cover|our|
|||||||||expenditure<br>and hopefully<br>build up a small||
|||||||||reserve to be used when needed.||



|charity continuing<br>as a <br>concern|going|going|money we received<br>spent, the income fr<br>expenditure<br>and hop<br>reserve to be used|
|---|---|---|---|
|Additional<br>Information|(optional)|||
|You ma<br>choose to indude||further statements|where relevant about|
|The charity's<br>principal<br>sources offunds (including||Para 1st||
|any fundraising)||||
|Investment<br>policy and||||
|objectives induding<br>any||||
|social investment<br>policy||||
|adopted||||













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