Reserves and Full Cost Recovery

Who is it for?

Trustees and staff involved in setting and managing reserves, setting budgets and managing costs.

What will I get out of it?

The session will cover:

• General duty: acting in best interests – managing financial sustainability
• What charity reserves are and why they are needed
• Link to accounts session as need to report in the Trustees Report
• Identifying and managing risk
• Restricted, designated and general reserves
• Building a reserves policy
• Full cost recovery – types of costs
• Why we need to look at full costs recovery
• Some practical examples
• Link between reserves, full cost recovery and fundraising