This session breaks down the technicalities of charity reserves into simple, actionable steps.
Is your community group struggling with financial planning? Do you wonder how much money you should keep "in the bank" just in case? This session breaks down the technicalities of charity reserves into simple, actionable steps.
What We Will Cover:
- What are Reserves? Understanding freely available vs. restricted funds.
- Why Hold Reserves? Building resilience against unexpected financial shocks or income drops.
- How Much is Enough? Simple tips to calculate your target reserves.
- Creating a Policy: How to write a simple, tailored reserves policy that complies with regulations.
- Key Takeaway: Leave with a clear understanding of how to protect your group’s future and make confident financial decisions