Think clearly about reserves

A recent seminar for trustees on finance and accounts has prompted one sector researcher to offer some practical thoughts on a topic of concern there: reserves. Attendees wanted a precise formula for the right level of financial reserves, but the panel had cautioned that one size does not fit all.

See ‘In a muddle about reserves?’ On New Philanthropy Capital, http://www.thinknpc.org/blog/in-a-muddle-about-reserves/, with a couple of useful links at the end.