Our reserves policy is to keep a reserve of money which gives a 3 month window to respond to a 50% sudden decrease in income during which all budgeted operational expenditure can be met. This reserve could act as a “pump priming” amount to encourage individual donations/grants for emergency expenditure, although our main policy with regard to maintenance is to be proactive and preventative. This reserve is unlikely to be required for managing cash flow as this is managed through judicious timing of payment of charitable giving, through any money in the Holiday Club fund and through any surplus in the General fund.