voluntary organisations, social enterprises and volunteering
voluntary organisations, social enterprises and volunteering
voluntary organisations, social enterprises and volunteering
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How much do you need in charity reserves?
Created: 12/02/2024
News/Events Category: GovernanceCharity reserves are funds which can be freely spent on any of your charitable purposes. Reserves can be really useful to help you budget for unforeseen emergencies, unexpected bills or other short-term deficits. They can even help you through difficult periods like the COVID-19 pandemic.
But how much should you have in your charity reserves pot? The short answer is: it depends. There is no blanket rule and the amount you should have in reserves will vary depending on your charity’s needs.
OSCR have produced an article that will help you understand why your charity should have reserves and how much you may want to have in the bank.
Click here to read the article.
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