Setting up a reserves policy
From Our Toolkit
A reserves policy articulates the level of unrestricted funds that you as an organisation need to hold, or aspire to hold, to ensure that you can continue your core activities.
This is the money that, with trustee approval, could also be used to fund unforeseen opportunities, pay for any unexpected costs or cover any losses. This sum often equates to between 3 – 6 months of running costs.
Writing your reserves policy
The National Council for Voluntary Organisations provides useful information on what to consider as you write your Reserves Policy and signposts for further resources.
For charities:
The Charity Commission provide advice on:
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