The adequacy of charities’ reserves and related policies and plans have been in the spotlight
Most charities have a reserves policy, but recent headlines may have raised doubts about its relevance and indeed the adequacy of their reserves in the context of their financial plans and the risks they are exposed to.
In this case, an independent, critical assurance review of reserves could provide greater comfort or raise the requirement for a change to policy.
Les Jones is haysmacintyre’s independent charities consultant who specialises in governance and reserves reviews. These reviews take the form of an analyses of reserves policies in the context of the organisation’s risk register, and their strategic plans and forward financial plans where these exist. Recommendations are made with regard to appropriateness of the policy, the adequacy of current reserves and the future plans to achieve or maintain the right level of reserves.
A report is then prepared which independently appraises the policy, puts it into the context of current best practice and makes recommendations for any change.
If you would like to discuss the opportunities available, please get in touch with Murtaza Jessa or your usual haysmacintyre contact.
Partner, Head of Charities
Tel: +44 20 7969 5551