OpenCharities

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2023-03-31-annual-report

Brief statementofthe TheSocietyissatisfiedthatits currentfinancialreserves continueto
charity'spolicyon reserves meet its needs, althoughitis awareoftheneedtokeepthisunder
review,astheSociety doesnot hold large reserves offunds'
Details ofanyfundsmateriallY
indeficit
None
Furtherfinancialreview details (Optionalinformation)
Youmay choosetoinclude
additionalinformation,where
relevant about:
othe charity'sprincipal
Thecharity's mainSourceoffundsisthrough donations and fundraising
atevents held by the charity.Covid-19 severely restrictedtheSociety's
abilitytoincreaseitsfinancialresources because of thefallinthenumber
ofeventsbeing held. Therefore,thelevel of income raisedinthisway
sourcesoffunds(including has resultedina smalldecreaseintotalfundsattheend ofthereporting
any fundraising); year. ltisexpected thattheopportunitiesforfutureeventswillcontinue to
.howexpenditurehas
supportedthekey objectives
ofthecharity;
remainlimited and are onlylikelytosee a marginal improvement as
manyoftheorganisations onwhich wedependemergefromcovid.
Howlver,theSocietywillcontinueto seekout and support events and
activities thatenableittomeet its objectives
rinvestment policy and TheManagement Committeewill continuetomonitor this situation and
objectivesincludinganY lookforotherfund-raisingopportunities.
ethicalinvestmentPolicY
adopted.
TheSociety has nodebtorsor creditorsatthistime'
TheSociety's accountsareindependently audited eachyearandthe
accountspresentedattheAnnual GeneralMeetingforapproval'
Approvalforthe Society'saccountsand reportwlllbesoughtata
meetingofthe Society'sManagementCommittee(The Society's
Trustees),before beingpresentedtomembersattheAnnualGeneral
Meetingattheend of June,