Insights

Managing your charity’s reserves properly is one of the most important jobs you’ll do as a trustee.

The amount held shows the financial strength of your organisation – and a robust position sends a clear message to funders and beneficiaries that you are well-led, managed and run. 

A key aspect of getting it right is setting your reserves policy. But what are the many issues you need to consider as a board?

For this week’s top tips, the team at @RSM have shared 10 very practical hints, including:

✅Clearly understanding the makeup of your current reserves

✅Linking your reserves to your risk register

✅Horizon scanning and project planning

✅Understanding your charity’s income streams

✅Requirements for reporting your reserves policy

✅Ongoing monitoring and management reporting

👉 Read their guide in full for FREE, practical support to help you and your board: https://bit.ly/3QxGqL8

Have a great week!

#charity #charities #nonprofit #thirdsector #finance #CharityFinance #reserves #governance #CharityIntelligence