Charity reserves are of vital importance and require dedicated attention to manage and utilise, just like other property, assets, and people.
Receipts and payments accounts are simpler to prepare than accruals accounts, summarising the cash received and paid during a financial year.
The Gift Aid on Small Donations Scheme could deliver income of potentially £2,000 or more to fund your charitable work.
There’s a widespread misunderstanding of charity reserves and yet this is an area of vital importance to all charities. Are you up to speed?
