OpenCharities

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2024-03-31-annual-report


SectionE
Financial review
Brief statement of the
charity'spolicyon reserves
The Societyissatisfiedthatitscunent financialreserves continue to
meet itsne-eds,althoughit is awareoftheneedtokeepthis under
review, asthe societydoesnot hold large reservesoffunds.
Details ofanyfundsmateriallY
indeficit
None
Furtherfinancialreviewdetails (Optionalinformation)
Youmay choosetoinclude
additionalinformation,where
relevant about:
.the charity'sprincipal
sources offunds(including
any fundraising);
Thecharity's mainsource offundsisthroughdonations.andmembership
subscriptionsfrommembers-Thelevel of income raisedinthiswayhas
enabledthe societytomaintain itstotalfundsat a level consistentwithits
needsthroughoutt-hereportingyear. ltis expectedtha!theopportunities
forfutureeventswillcontinueioremain limited for the foreseeable future.
However,theSocietywillcontinuetoseek out and support events and
rhowexpenditurehas
supportedthekeYobjectives
ofthecharity;
activities thatenableitto meetits objectives
if,tfVfrn"gementCommitteewillcontinuetomonitorthissituation and
lookforotherfund-raisingopportunities.
.investment policyand
objectivesincludinganY
ethicalinvestmentPolicY
adopted.
The Societyhasnodebtorsorcreditorsatthistime'
TheSociety's accountsareindependently audited eachyearand the
accountspiesentedattheAnnual GeneralMeetingforapproval.
Approval ior the Society'saccounts and reportwillbeso_ughtata
meetingoftheSoclety'iManagement Comrnittee {The Society's
TrusteJs),before beingpresenledtomembersattheAnnualGeneral
MeetingattheendofJune.