Review of General and Earmarked Reserves – April 2025

Opening Balance 1st April 2025: £83,547

Earmarked Reserves 1st April 2025: £50,281

General Reserve 1st April 2025: £33,266

Annual budgeted expenditure: £51,757

The general reserve of £33,266 equates to 7.7 months expenditure. The council reserves policy recommends 6 months expenditure, which is £25879. JPAG recommends 3 to 12 months depending or situation, risk and size of council. See:

https://www.templecloud.org.uk/documents/reserves-policy/

https://www.templecloud.org.uk/documents/budget-setting/

For review: the current general reserve is £7387 above the 6 month policy level. JPAG recommends 3 to 12 months depending or situation, risk and size of council

EARMARKED RESERVES	Rationale
V Hall & PF development – pumptrack	Fundraising funds for use on pump track	2,477.00
V Hall & Playing Field development	Improvement of facilties	5700
Memorial Garden	Funds donated and raised for a specific purpose	6500
Benches Grant	Funds donated and raised for a specific purpose	500
Small Business Grant V Hall recovery	To support recovery of income after covid	2000
VH Marketing	To support increase of village hall income	500
Building Maintenance	Future maintenance contingencies – roof, decorating	23400
Equipment renewal	Renewal of equipment: Village operative / IT	5800
Village Hall Key Deposits	Deposits held for refund to customer	1100
Election contingency	Election costs if required	1104
Staff contingency	Unplanned extra costs: overtime, NJC pay rise	1200
EARMARKED RESERVES TOTALS			50281