Elsted and Treyford Village Hall Trust

Investment Policy

Elsted Village Hall Trust is an unincorporated association and a Registered Charity Number 305365.

Purpose and Scope

This policy describes how the Trust will invest, or otherwise manage, its liquid assets and applies to the management of all liquid assets of the Trust.

Responsibilities

The management committee has overall responsibility to: apply the Trust’s income to the benefit of the Village Hall and grounds and take appropriate action should the Trust ever get into debt.

The Treasurer is responsible for providing regular statements of the Trust’s financial position and ensuring that the accounts are professionally audited annually.

Process

The Trust’s income will generally be spent rather than invested. All liquid assets are kept in a UK Bank in current or deposit accounts.

Funds held by the Trustees are:

Unrestricted funds – general funds which can be used for Trustees ordinary purposes such as day to day running costs, essential repairs and maintenance.

Designated funds – monies set aside by the Trustees out of unrestricted funds for specific future purposes or specific projects such as alterations, additions, replacing/purchasing equipment etc. in order to maintain the building and facilities to a high standard. These funds are invested in interest bearing deposits in UK banks and in share and investment funds managed by professional advisors.

The management committee review the adequacy of the designated funds and its investment performance on an annual basis.

The Trust’s financial position is reviewed annually and discussed in public at the AGM, any decisions on investments require the full approval of the Committee.