# The Charities Accounts (Scotland) Regulations 2006, Paragraph 10


A description of the policy which has been adopted by the charity trustees for the purpose of determining the level of reserves which it is appropriate for the charity to maintain in order to meet effectively its purposes, including the level of reserves held, why they are held and quantifying and explaining the purpose of any designated funds and the likely timing of any expenditure that has been set aside for the future.

---
Source: https://www.legislation.gov.uk/ssi/2006/218/schedule/2/paragraph/10 (the official version)
Page: https://openlegislation.uk/charities-accounts-scotland-regulations-2006/schedule-2/paragraph-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.