Reserves

How do you develop a smart reserves policy that works both for external communications and for internal financial strategy? Join this session to find

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How can reserves policies better reflect a charity’s financial risks?The pandemic has made many charities take a hard long look at their reserves policies.

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This guide aims to make reading a set of charity accounts simple for those new to the charity sector. Most of the basic accounting

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This guide is designed for people who may be new to the charity sector or otherwise need to understand charity accounts. Charities have to

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What level of reserves should a charity have? This guide sets out a method for analysing your charity’s financial position and developing a robust

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For anyone who thinks their reserves could be working harder. Many charities adopt a conservative attitude when it comes to reserves. Rather than viewing

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Relevant questions about a charity’s financial health and performance include: Does the charity have a diverse range of income sources? A charity that is

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Charity status is a broad category rather than a type of business, and as such directly comparing two charities by their financial statements may

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Charities have to prepare their accounts in accordance with a guide called the Statement of Recommended Practice (SORP), which in turn is based on

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All charities must disclose details of any remuneration or benefits received by trustees from the charity or a related entity or state if there

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A charity must identify who its related parties are and this will always include trustees, their close family members and any entities within a

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Heritage assets are assets with historical, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained for their contribution to knowledge and

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There are a number of bases for apportionment that may be applied, such as proportion of direct costs, staff numbers, floor area or staff

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Charities sometimes receive goods as donations, rather than cash. The value placed on gifts in kind included in the Statement of Financial Activities (SoFA)

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The different types of funds are: Endowment funds are donations that have been given to a charity, either to be held as capital with

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Step 1 understand your funds, the split between restricted, unrestricted, endowment etc Step 2 review future income streams, identifying which streams are continuing into

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Free reserves are unrestricted funds available for spending. Because charities can raise funds that are restricted for specific uses, or have endowments or designated

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