Restricted Reserves
Reserves which can only be spent on a specific purpose (ultimately decided by the trustees, sometimes on the instructions / wishes of a donor whose gift is conditional). To spend restricted reserves on an item outside of the parameters set would be unlawful.
Reserves which can only be spent on a specific purpose (ultimately decided by the trustees, sometimes on the instructions / wishes of a donor whose gift is conditional).
To spend restricted reserves on an item outside of the parameters set would be unlawful.
Interested in organising your charity more efficiently for the long term?
Tony can help you to set up a budget, manage your cashflow and design an income generation strategy which serves those who rely on you.
