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Unrestricted funds crucial, charities told
By David Ainsworth, Third Sector, 26 November 2008
Charities must be wary of the risks caused by a lack of unrestricted funds, finance directors have been warned.
Don Bawtree, head of the national charity unit at accountancy firm BDO Stoy Hayward, told delegates at a Charity Finance Directors' Group conference last week that charities should make conservative estimates about how much money they had in unrestricted funds. "Charities might think they have funds to cover a project,...
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