1. The Policy

The NPHT will ensure by the end of the financial year 2021/22, sufficient reserves exist to cover a minimum of six months’ worth of operating costs and will aim to extend this to twelve months if at all possible.

2. Reporting

Reserves will be reported to the Board of Trustees and an explanation provided of:

  • The purpose of the reserve
  • From where the funding derived
  • Any intended use of the reserve

It is recognised that in some instances there will be little activity within a reserve and an annual report to the Board of Trustees will suffice.

Reserves subject to more frequent activity should be the subject of quarterly or monthly reports, but it will be for the charity to determine how frequently reports are to be prepared.

The Reserves Policy will be published on the NPHT website.

Dated: March 2018

Reviewed: April 2021

Next review date: March 2023

Supporting documents: Financial Policy and Procedure