ART is dependent on donations to sustain its activities. Earned income alone would not allow ART to continue operating. This means that if there were to be a gap in donations it is likely that ART would have to close.
To avoid closure if funding difficulties were to occur the ART Trustees have agreed to keep a level of financial reserves that ensure operations are sustained and all legal obligations met for a period of 12 months, such sum to be agreed at the setting of the annual budget. This ensures that staff can be paid and services to members will continue to be supported during that period.
This policy will be reviewed annually.
Last Modified: June 2020
Last reviewed: August 2021
If you have any questions about this policy you are invited to contact the Association at: