Reserves Policy

Reserves Policy

Sherburn in Elmet Community Trust aims to achieve sufficient free reserves (unrestricted funds not committed or invested in tangible fixed assets) which will support:

The running costs of the building, including the accumulation of reserves to fund the building’s longer term maintenance and improvement costs, and
Projects that further the charitable aims of Sherburn in Elmet Community Trust
As a guide the Trustees have agreed that free reserves held by the charity should be equivalent to approximately six months running costs.