Financial Policy

We aim to fund all of our day-to-day running costs out of membership subscriptions, leaving other income sources to generate surpluses which can be used to build up specified reserves, make grants and donations and to carry out activities to the benefit of the community.

We hold specific reserves. The ongoing task of protecting our local environment, amenities and facilities occasionally highlights significant and expensive concerns. The Trustees have therefore specifically designated that £35,000 shall be kept in reserve to meet any planning and property issues and a further £20,000 for any major local projects. A review of the amounts needed in these reserves is carried out annually. The remaining balance of funds is available for general use.