Reserves
The amount of money left in a charity’s bank account at the end of a year (after income and expenditure have been accounted for). In a company structure this would be described as ‘profit’, but it’s more like a ‘savings account’ or a financial buffer, to be used in the event of unpredictable income caused…
Welcome to our blog. Our recent writing now lives over on the Nest Egg – our reader supported publication (hosted on Substack).
Visit today for tactical, honest and entertaining fundraising goodness.
You won’t regret it.
Reserves
The amount of money left in a charity’s bank account at the end of a year (after income and expenditure have been accounted for).
In a company structure this would be described as ‘profit’, but it’s more like a ‘savings account’ or a financial buffer, to be used in the event of unpredictable income caused by external events which negatively impact the charity’s ability to raise money (e.g. global pandemic)
Charities are expected to have enough in reserve to be able to meet the costs of winding up should they be unable to continue their work.
This NCVO article explains reserves in more depth.
Looking for a dose of inspiration to help supercharge your income generation?
Sign up to receive The Nest Egg today - ideas and thoughts on raising money, big sector topics, training, development and (occasionally) forays into nature, DIY projects, political rants and favourite snacks…
Looking for a dose of inspiration to help supercharge your income generation?
Sign up to receive The Nest Egg today - ideas and thoughts on raising money, big sector topics, training, development and (occasionally) forays into nature, DIY projects, political rants and favourite snacks…
