Charities can only achieve their potential once trustees are switched on to their organisation’s most important financial concern: its reserves
Come 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 safe 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, all trustees have to get comfortable with financial matters at their charities.
If you have reservations about your reserves and are not sure you know enough about them, question your policy
Continue reading...from Voluntary Sector Network | The Guardian http://ift.tt/1I7vPuC
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