Charities can only achieve their potential once trustees are switched on to their organisation’s most important financial concern: its reservesCome on,own up. How many trustees out there breathed a sigh of relief when they weren’t nominated onto the finance or audit committee when first joining a board? I thought I was secure when I joined Centrepoint nearly nine years ago given my sales and marketing background, but someone spotted I also had extensive banking experience and was probably not afraid of the numbers. But the truth is, or all trustees occupy to get comfortable with financial things at their charities.
If you occupy reservations about your reserves and are not certain you know enough about them,question your policyContinue reading...
Source: theguardian.com