Charity Reserves Factsheet
This factsheet is aimed at charity trustees of small to medium sized charities looking to produce or update a reserves policy. It explains:
- What is meant by the term reserves.
- The charity trustee’s responsibility to consider whether their charity needs reserves.
- Key points to consider when developing a reserves policy.
Having a reserves policy is not a legal requirement but it can help you to meet your legal requirements and fulfil your charity trustee duties.