Policy
17​

Policy
3
Document History:
First Published 09/2016

Policy Review Date:
February 2017

Status:
Live on website ver-1q
Document History:
First Published 10/2016

Policy Review Date:
December 2017

Status:
Live on website ver-1b
Reserves Policy
Vision and Values
This document explains the vision and values of the organisation.

Any queries about this policy should be sent to the document editor identified in 1.1 via contactus@edlumino.org

This document explains the basis on which Edlumino reserves funds to fulfil its continuing financial obligations..

Any queries about this policy should be sent to the document editor identified in 1.1 via contactus@edlumino.org

1.This document should be interpreted in line with the standard policy context and definitions. The editor of this document is the Chair of Trustees.
 
2        Reserves Policy
 
2.1
The Trustees have developed a reserves policy to provide for circumstances such as:

  • the risk of an unforeseen need for funds
  • a source of income coming to an end
  • planned commitments which cannot be met by future income
  • the need to cover a short-term deficit (cash-flow)
 
2.1
To this end, the Trustees propose to maintain Edlumino’s reserves at a level which is at least equivalent to three months’ operational expenditure and have done so with regard to the Charity’s manner of operation and likely funding streams.
 
2.2
In the Trustees’ view, this policy will provide Edlumino with adequate financial stability and the means for it to meet its charitable objectives for the foreseeable future.
 
3        Review

The Trustees review the amount of reserves that are required to ensure that they are adequate to fulfil the Charity’s continuing obligations at each Trustees’ Meeting.

4      Conclusion

4.1              This Policy has been Impact Assessed for Environment and Equality considerations. Policy review follows the Review cycle.


    
Impact Assessment  : Edlumino Reserves Policy
Equality Impact Assessment : Race & Ethnicity, Gender, Age, Religion, Disability, Sexuality, Maternity, Gender Reassignment, Marriage & Civil Partnership, Deprivation

Concerns arising after control measures added : NONE

Further Action : NONE
Environmental Impact Assessment : Waste & Recycling, Pollution of water, land, air, noise, light or odour. Flooding, Energy or materials use.

Concerns arising after control measures added : NONE

Further Action : NONE


See Also :  General assessments and general control measures within the Meta Policy

Assessment carried out by : JB March 2016