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: Steering Member
Posted:
Categories: News

Leave a Reply

Related Posts

The Power of Digital Communities

The Essex Coronavirus Action Support Facebook Community was set up during the onset of the Covid-19 pandemic. It was a collaboration between Essex County Council (ECC) and the Essex Public Health Team as well as local Facebook admins. It focuses on three objectives: preventing the spread of infection, informing Essex residents of guidance and assisting
Read more…

Read more...

Social Value Fest 22

If you wish to bid for local authority contracts, you can expect tenders to include questions about social value: how the way you deliver the contract impacts or benefits local jobs, businesses, communities and the environment. Essex County Council’s second, social value festival is a free, 4-day learning event for any organisation that wants to
Read more…

Read more...

Trustee Vacancy – Healthwatch Essex

Healthwatch Essex was created as a result of the Health and Social Care Act 2012, and the Government’s aim of ‘putting patients and the public first’ through strengthening their collective voice. A national network of local Healthwatch organisations, and a national umbrella organisation, Healthwatch England were created. The purpose is to be ‘an independent voice
Read more…

Read more...