CIC Association

Serving Community Enterprise

July 2020 Blog Posts (2)

Reserves Policy

Does anyone have any knowledge regarding a reserves policy?

I appreciate 'reserves' is a charitable term and CIC's would use the term 'surplus' but we are a CIC Limited by Guarantee (not shares).  We classify ourselves as 'not for profit', any 'surplus' being used to deliver more activity for our disabled participants.  No Director takes payment.

We are wondering what would be considered appropriate reserves (surplus) bearing in mind charities might expect 3 - 6…

Continue

Added by Geoff Holt on July 29, 2020 at 18:34 — No Comments

Reserves Policy

Does anyone have any knowledge regarding a reserves policy?

I appreciate 'reserves' is a charitable term and CIC's would use the term 'surplus' but we are a CIC Limited by Guarantee (not shares).  We classify ourselves as 'not for profit', any 'surplus' being used to deliver more activity for our disabled participants.  No Director takes payment.

We are wondering what would be considered appropriate reserves (surplus) bearing in mind charities might expect 3 - 6…

Continue

Added by Geoff Holt on July 29, 2020 at 18:34 — 1 Comment

Monthly Archives

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

Groups

From Funding Central

Events

© 2020   Created by John Mulkerrin.   Powered by

Badges  |  Report an Issue  |  Terms of Service