More than one in five charities have less than a month’s financial reserves

Posted on: November 19, 2020

More than 20 per cent of charities have less than a month’s worth of expenditure in reserve, new research has found.

A paper by David Clifford of the University of Southampton and John Mohan of the Third Sector Research Centre at the University of Birmingham says that of the approximately 12,700 charities in England and Wales studied, 21 per cent held less than one month’s spending in reserve.

About 10 per cent of charities in the sample held virtually no reserves, the paper says.

Read the full article here.

Author: Jade Bolton
Posted:
Categories: News

Leave a Reply

Related Posts

The Wire – Voice of the project

The Southchurch Project has now launched The Wire, a newsletter sharing updates on initiatives and news from the organisation. This newsletter will be published each season, with extra editions for specific events & issues affecting Southchurch. Click here to read The Wire.

Read more...

Tech Summit

Third Sector is taking Tech Summit online! They will be bringing together senior leadership specialists to discuss how you can operate a successful modern charity by leveraging the power of technology. To register your interest in the summit, click here.

Read more...