Reserves tend to come in two forms:
COVID-19 falls very much into that second category and at times such as these organisations may need to dip into its reserves, being prepared to go below the level of reserves that they would normally hold, and below the level stated in the reserves policy. The Charity Commission is clear when it says “reserves can be spent to help cope with unexpected events like those unfolding at present”.
We have updated our briefing paper How to think about reserves in light of COVID-19 which explores in more depth both the biblical and practical considerations when thinking about the level of reserves that might be right to hold.
Read more...
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blogs by the Stewardship team and selected guest writers.
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