Within our General Fund we run a Reserve equivalent to 6 weeks’ expenditure. This is for 2 reasons: firstly to cover any unexpected costs, but also to cover irregularities of cash flow. During May, large quarterly payments and delayed receipts, although expected, necessitated that we dipped into that reserve. This shows that our finances remain tight.Mike Sargent, Hon Treasurer
Fund raising for the General Fund needs to move up a gear if we are to balance our 2026 accounts. Current trends suggest a shortfall of some £1,800 against budget for this particular line item.Mike Sargent, Hon Treasurer
