Whether it is Brexit or the mixed messages about the economy, now is a good time for all charities to be asking themselves as to where they stand. In no particular order these are questions trustees and the executive team should be asking themselves.
Following a recent conversation with a local charity who had been told by a funder something I was not sure about, I decided to revisit my thoughts on the levels of Charity Reserves. To do so, I re-read CC19 (Charity Reserves: Building Resiliance) to see if I could gain some insights. The first thing I wanted to remind myself of was whether there was any recommendation as to the level of reserves that should be held. As I thought;no recommendation is made. What the publication did do however, was to remind me of the processes that charity trustees have to go through to decide on the correct level for them and that no two charities are the same.
As 2019 approaches, it is a good time to think about some New Year Resolutions for your charity. It is difficult to plan a long-term strategy with the current Brexit shambles yet think long-term you must.Here are some thoughts of things that both the trustees and management team need to consider