The Charity Finance Summit is one of the top dates in the sector calendar and Nick Moore was honoured to speak during the day on the important subject of Financial Reserves. An audience of over 150 professionals heard about the importance of devising a reserves policy within the overall framework of a financial strategy that supports the charity in delivering its overarching strategic plan. The session considered some of the pitfalls of holding too much cash in reserve, including the principle that £1 can be used to achieve more today than will be the case in 3 years time and that trustees' financial prudence can discourage charities from maximising the impact on their beneficiaries. Within the current context many charities need to think far more about sweating their assets to derive the maximum benefit.
Nick had started Charity Finance Week by attending a Parliamentary Reception in the House of Lords where charity finance professionals gathered to recognise the importance of charities within UK civil society, network and exchange ideas.
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