Cash Reserve Policy
Chester Heart Support Group has established a FINANCIAL RESERVES POLICY:
The Group will, annually, at the end of the financial year, assess the total of its vulnerable sources of funding during the previous year and on that basis plan to hold sufficient reserves to guard against loss of these primary external funds for AT LEAST THE FOLLOWING TWO SUCCESSIVE YEARS.
This would provide a period of relative financial safety in which the Group could work to establishing alternative sources of funding.
Adopted at Trustees Committee Meeting on 18th August 2014 by unanimous agreement of Trustees,
Signed: E.R. Cowell