Weather protection?

Active reserves management is vital now that the heavens have opened, says Pesh Framjee.

The tough economic times are forcing charities to look hard at their reserves policy, with a particular focus on when and how they might need to draw down on reserves. Worryingly, a number have still not fully considered the level they really need, and have clearly been paying only lip service to the requirements to consider and state a reserves policy.

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