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